|
|
Principal
Amount
|
Value
|
|
|
Asset-Backed Securities-101.02%
|
|||
|
522 Funding CLO Ltd.
|
|
|
|
|
Series 2019-5A, Class BR, 5.52% (3
mo. Term SOFR + 1.85%),
04/15/2035(a)(b)
|
$
|
500,000
|
$500,554
|
|
Series 2020-6A, Class A1R2, 4.87% (3
mo. Term SOFR + 1.20%),
10/23/2034(a)(b)
|
|
130,000
|
130,204
|
|
ABPCI Direct Lending Fund CLO V Ltd.
(Cayman Islands)
|
|
|
|
|
Series 2019-5A, Class A1RR, 5.87% (3
mo. Term SOFR + 2.20%),
01/20/2036(a)(b)
|
|
1,300,000
|
1,305,134
|
|
Series 2019-5A, Class A1Z, 5.67% (3
mo. Term SOFR + 2.00%),
01/20/2036(a)(b)
|
|
1,500,000
|
1,504,806
|
|
AGL CLO 14 Ltd. (Cayman Islands),
Series 2021-14A, Class AR, 4.80% (3
mo. Term SOFR + 1.13%),
12/02/2034(a)(b)
|
|
1,000,000
|
1,001,750
|
|
AGL CLO 20 Ltd. (Jersey), Series 2022-
20A, Class BR, 5.42% (3 mo. Term
SOFR + 1.75%), 10/20/2037(a)(b)
|
|
250,000
|
250,766
|
|
AGL CLO 29 Ltd. (Jersey), Series 2024-
29A, Class A1, 5.24% (3 mo. Term
SOFR + 1.57%), 04/21/2037(a)(b)
|
|
4,000,000
|
4,008,984
|
|
AGL CLO 37 Ltd. (Cayman Islands),
Series 2024-37A, Class A1, 4.91% (3
mo. Term SOFR + 1.24%),
04/22/2038(a)(b)
|
|
2,500,000
|
2,504,242
|
|
AGL Core CLO 31 Ltd. (Cayman Islands),
Series 2024-31A, Class A, 5.07% (3
mo. Term SOFR + 1.40%),
07/20/2037(a)(b)
|
|
2,200,000
|
2,207,973
|
|
AGL Core CLO 4 Ltd. (Cayman Islands),
Series 2020-4A, Class AR2, 5.05% (3
mo. Term SOFR + 1.38%),
10/20/2037(a)(b)
|
|
1,250,000
|
1,253,523
|
|
AIMCO CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-10A, Class ARR, 5.08% (3
mo. Term SOFR + 1.41%),
07/22/2037(a)(b)
|
|
250,000
|
250,934
|
|
Series 2020-11A, Class A2R, 5.17% (3
mo. Term SOFR + 1.50%),
07/17/2037(a)(b)
|
|
4,250,000
|
4,255,057
|
|
Series 2021-16A, Class AR, 5.07% (3
mo. Term SOFR + 1.40%),
07/17/2037(a)(b)
|
|
1,250,000
|
1,254,976
|
|
Series 2025-23A, Class B, 5.07% (3
mo. Term SOFR + 1.40%),
04/20/2038(a)(b)
|
|
1,000,000
|
1,001,586
|
|
Antares CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2018-3A, Class A2R, 5.68% (3
mo. Term SOFR + 1.80%),
07/20/2036(a)(b)
|
|
1,400,000
|
1,402,073
|
|
Series 2021-1A, Class A1R, 5.09% (3
mo. Term SOFR + 1.42%),
10/25/2038(a)(b)
|
|
5,200,000
|
5,206,864
|
|
Apidos CLO XXVIII (Cayman Islands),
Series 2017-28A, Class A1BR, 5.22%
(3 mo. Term SOFR + 1.55%),
10/20/2038(a)(b)
|
|
2,000,000
|
2,007,886
|
|
|
Principal
Amount
|
Value
|
|
|
Apidos Loan Fund Ltd. (Cayman Islands),
Series 2024-1A, Class A1R, 4.92% (3
mo. Term SOFR + 1.25%),
10/25/2038(a)(b)
|
$
|
300,000
|
$301,110
|
|
Ares LIII CLO Ltd. (Cayman Islands),
Series 2019-53A, Class A1R2, 4.76%
(3 mo. Term SOFR + 1.09%),
10/24/2036(a)(b)
|
|
15,000,000
|
15,024,075
|
|
ARES LX CLO Ltd. (Cayman Islands),
Series 2021-60A, Class AR, 4.85% (3
mo. Term SOFR + 1.18%),
07/18/2034(a)(b)
|
|
8,000,000
|
8,014,672
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2021-7A, Class A1R, 4.65% (3
mo. Term SOFR + 0.98%),
01/22/2035(a)(b)
|
|
1,000,000
|
1,000,286
|
|
Series 2022-1A, Class A1R, 4.91% (3
mo. Term SOFR + 1.24%),
10/18/2038(a)(b)
|
|
2,600,000
|
2,612,350
|
|
Series 2023-3A, Class A1R, 4.98% (3
mo. Term SOFR + 1.31%),
10/24/2038(a)(b)
|
|
4,000,000
|
4,024,196
|
|
Ballyrock CLO 14 Ltd. (Cayman Islands),
Series 2020-14A, Class A1A, 5.05% (3
mo. Term SOFR + 1.38%),
07/20/2037(a)(b)
|
|
1,500,000
|
1,505,286
|
|
Ballyrock CLO 16 Ltd. (Cayman Islands),
Series 2021-16A, Class A1R, 4.82% (3
mo. Term SOFR + 1.15%),
04/20/2038(a)(b)
|
|
1,000,000
|
1,002,478
|
|
Barings CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-1A, Class AR2, 4.92% (3
mo. Term SOFR + 1.25%),
10/15/2038(a)(b)
|
|
2,000,000
|
2,008,316
|
|
Series 2022-3A, Class BR, 5.42% (3
mo. Term SOFR + 1.75%),
10/20/2037(a)(b)
|
|
1,500,000
|
1,504,545
|
|
Barings Euro CLO DAC (Ireland),
Series 2024-1A, Class AR, 3.28% (3
mo. EURIBOR + 1.27%),
04/20/2039(a)(b)(c)
|
EUR
|
12,000,000
|
14,282,944
|
|
Benefit Street Partners CLO XXIX Ltd.
(Jersey), Series 2022-29A, Class AR,
4.85% (3 mo. Term SOFR + 1.18%),
01/25/2038(a)(b)
|
$
|
2,500,000
|
2,506,750
|
|
Benefit Street Partners CLO XXXVII Ltd.
(Cayman Islands), Series 2024-37A,
Class A, 5.02% (3 mo. Term SOFR +
1.35%), 01/25/2038(a)(b)
|
|
2,500,000
|
2,511,667
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 5.05% (3 mo. Term SOFR +
1.27%), 11/21/2033(a)(b)
|
|
14,030,000
|
14,047,580
|
|
Blackrock MT. Lassen CLO XV LLC,
Series 2025-1A, Class A1, 5.32% (3
mo. Term SOFR + 1.65%),
07/15/2037(a)(b)
|
|
7,500,000
|
7,523,805
|
|
Broad River Bsl Funding CLO Ltd.
(Cayman Islands), Series 2020-1A,
Class AR, 5.10% (3 mo. Term SOFR +
1.43%), 07/20/2034(a)(b)
|
|
1,670,000
|
1,670,950
|
|
|
Principal
Amount
|
Value
|
|
|
Cairn CLO XIII DAC (Ireland),
Series 2021-13A, Class B, 3.63% (3
mo. EURIBOR + 1.60%),
10/20/2033(a)(b)(c)
|
EUR
|
4,500,000
|
$5,339,476
|
|
Carlyle US CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-3A, Class A2RR, 5.72% (3
mo. Term SOFR + 2.05%),
04/20/2037(a)(b)
|
$
|
886,731
|
886,776
|
|
Series 2019-3A, Class BR3, 5.12% (3
mo. Term SOFR + 1.45%),
04/20/2039(a)(b)
|
|
1,000,000
|
1,000,500
|
|
Series 2021-4A, Class A1, 5.04% (3
mo. Term SOFR + 1.37%),
04/20/2034(a)(b)
|
|
1,300,000
|
1,301,894
|
|
Series 2021-4A, Class B1, 5.58% (3
mo. Term SOFR + 1.91%),
04/20/2034(a)(b)
|
|
1,000,000
|
1,001,608
|
|
Series 2021-6A, Class A1R, 4.96% (3
mo. Term SOFR + 1.29%),
01/15/2038(a)(b)
|
|
2,000,000
|
2,006,796
|
|
Series 2022-3A, Class AR, 5.22% (3
mo. Term SOFR + 1.55%),
04/20/2037(a)(b)
|
|
3,000,000
|
3,002,784
|
|
Series 2024-1A, Class A, 5.20% (3
mo. Term SOFR + 1.53%),
04/15/2037(a)(b)
|
|
450,000
|
451,288
|
|
CBAMR Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-9A, Class AR, 5.30% (3
mo. Term SOFR + 1.63%),
07/15/2037(a)(b)
|
|
1,000,000
|
1,003,133
|
|
Series 2021-14A, Class A1R, 4.95% (3
mo. Term SOFR + 1.28%),
10/20/2038(a)(b)
|
|
1,600,000
|
1,610,114
|
|
Cedar Funding II CLO Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2013-1A, Class AR3, 4.98% (3
mo. Term SOFR + 1.31%),
07/22/2038(a)(b)
|
|
2,500,000
|
2,507,285
|
|
Series 2013-1A, Class BR3, 5.42% (3
mo. Term SOFR + 1.75%),
07/22/2038(a)(b)
|
|
1,200,000
|
1,209,803
|
|
Cedar Funding IX CLO Ltd. (Cayman
Islands), Series 2018-9A, Class AR,
5.09% (3 mo. Term SOFR + 1.42%),
07/20/2037(a)(b)
|
|
6,000,000
|
6,024,150
|
|
Cedar Funding XI CLO Ltd. (Cayman
Islands), Series 2019-11A, Class A1R2,
4.85% (3 mo. Term SOFR + 1.06%),
05/29/2032(a)(b)
|
|
691,552
|
692,627
|
|
Cedar Funding XIV CLO Ltd. (Cayman
Islands), Series 2021-14A, Class AR,
5.05% (3 mo. Term SOFR + 1.38%),
10/15/2037(a)(b)
|
|
5,000,000
|
5,016,405
|
|
Cerberus Loan Funding XL LLC,
Series 2023-1A, Class A, 6.07% (3
mo. Term SOFR + 2.40%),
03/22/2035(a)(b)
|
|
1,550,000
|
1,556,930
|
|
Cerberus Loan Funding XLI LLC,
Series 2023-2A, Class A1, 6.22% (3
mo. Term SOFR + 2.55%),
07/15/2035(a)(b)
|
|
512,000
|
514,567
|
|
|
Principal
Amount
|
Value
|
|
|
CIFC Funding Ltd. (Cayman Islands)
|
|
|
|
|
Series 2014-4RA, Class A1A2, 4.66%
(3 mo. Term SOFR + 0.99%),
01/17/2035(a)(b)
|
$
|
740,000
|
$741,197
|
|
Series 2014-5A, Class A1R3, 5.05% (3
mo. Term SOFR + 1.38%),
07/17/2037(a)(b)
|
|
1,300,000
|
1,304,362
|
|
Series 2017-1A, Class ARR, 5.22% (3
mo. Term SOFR + 1.55%),
04/21/2037(a)(b)
|
|
3,900,000
|
3,909,321
|
|
Series 2017-5A, Class AR, 5.08% (3
mo. Term SOFR + 1.41%),
07/17/2037(a)(b)
|
|
1,300,000
|
1,304,460
|
|
Series 2020-3A, Class A1R2, 4.88% (3
mo. Term SOFR + 1.21%),
10/20/2038(a)(b)
|
|
1,500,000
|
1,504,500
|
|
Series 2023-2A, Class A, 5.42% (3
mo. Term SOFR + 1.75%),
01/21/2037(a)(b)
|
|
5,000,000
|
5,000,250
|
|
Clover CLO LLC, Series 2021-3A,
Class AR, 4.74% (3 mo. Term SOFR +
1.07%), 01/25/2035(a)(b)
|
|
1,470,000
|
1,471,632
|
|
Contego CLO IV DAC (Ireland), Series 4A,
Class A2RR, 3.75% (3 mo. EURIBOR +
1.75%), 10/23/2039(a)(b)(c)
|
EUR
|
1,000,000
|
1,193,134
|
|
Eaton Vance CLO Ltd. (Cayman Islands),
Series 2013-1A, Class AR4, 5.01% (3
mo. Term SOFR + 1.34%),
10/15/2038(a)(b)
|
$
|
2,200,000
|
2,207,678
|
|
Elmwood CLO 19 Ltd. (Cayman Islands),
Series 2022-6A, Class AR2, 4.91% (3
mo. Term SOFR + 1.24%),
10/17/2038(a)(b)
|
|
2,100,000
|
2,109,458
|
|
Elmwood CLO 21 Ltd. (Cayman Islands),
Series 2022-8A, Class AR2, 4.89% (3
mo. Term SOFR + 1.22%),
10/15/2038(a)(b)
|
|
3,500,000
|
3,515,715
|
|
Elmwood CLO 24 Ltd. (Cayman Islands),
Series 2023-3A, Class AR, 4.99% (3
mo. Term SOFR + 1.32%),
01/17/2038(a)(b)
|
|
1,000,000
|
1,004,700
|
|
Elmwood CLO 26 Ltd. (Cayman Islands),
Series 2024-1A, Class B, 5.67% (3 mo.
Term SOFR + 2.00%),
04/18/2037(a)(b)
|
|
1,100,000
|
1,103,321
|
|
Elmwood CLO 29 Ltd. (Cayman Islands),
Series 2024-5A, Class AR1, 5.19% (3
mo. Term SOFR + 1.52%),
04/20/2037(a)(b)
|
|
520,000
|
521,191
|
|
Elmwood CLO III Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-3A, Class A1RR, 5.05% (3
mo. Term SOFR + 1.38%),
07/18/2037(a)(b)
|
|
6,000,000
|
6,022,122
|
|
Series 2019-3A, Class A2RR, 5.27% (3
mo. Term SOFR + 1.60%),
07/18/2037(a)(b)
|
|
325,000
|
325,897
|
|
Elmwood CLO VI Ltd. (Cayman Islands),
Series 2020-3A, Class ARR, 5.05% (3
mo. Term SOFR + 1.38%),
07/18/2037(a)(b)
|
|
1,000,000
|
1,003,844
|
|
|
Principal
Amount
|
Value
|
|
|
Elmwood CLO VIII Ltd. (Cayman Islands),
Series 2021-1A, Class AR, 5.22% (3
mo. Term SOFR + 1.55%),
04/20/2037(a)(b)
|
$
|
1,800,000
|
$1,803,532
|
|
Elmwood CLO X Ltd. (Cayman Islands),
Series 2021-3A, Class BR2, 5.32% (3
mo. Term SOFR + 1.65%),
07/20/2038(a)(b)
|
|
1,000,000
|
1,005,057
|
|
Empower CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2022-1A, Class A1R, 5.06% (3
mo. Term SOFR + 1.39%),
10/20/2037(a)(b)
|
|
3,750,000
|
3,762,026
|
|
Series 2023-1A, Class BR, 5.67% (3
mo. Term SOFR + 2.00%),
04/25/2038(a)(b)
|
|
1,000,000
|
1,006,523
|
|
Series 2024-1A, Class A1, 5.27% (3
mo. Term SOFR + 1.60%),
04/25/2037(a)(b)
|
|
4,800,000
|
4,813,200
|
|
Series 2025-1A, Class B, 5.47% (3 mo.
Term SOFR + 1.80%),
07/20/2038(a)(b)
|
|
1,750,000
|
1,757,528
|
|
Flatiron CLO 21 Ltd. (Cayman Islands),
Series 2021-1A, Class A1R, 5.03% (3
mo. Term SOFR + 1.36%),
10/19/2037(a)(b)
|
|
1,945,000
|
1,952,325
|
|
Flatiron CLO 25 Ltd. (Cayman Islands),
Series 2024-2A, Class A, 5.02% (3
mo. Term SOFR + 1.35%),
10/17/2037(a)(b)
|
|
3,500,000
|
3,510,801
|
|
Galaxy XXII CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2016-22A, Class AR4, 4.68% (3
mo. Term SOFR + 1.02%),
04/16/2034(a)(b)
|
|
2,250,000
|
2,251,179
|
|
Series 2016-22A, Class ARR, 4.91% (3
mo. Term SOFR + 1.24%),
04/16/2034(a)(b)
|
|
1,635,251
|
1,635,333
|
|
Galaxy XXIV CLO Ltd. (Cayman Islands),
Series 2017-24A, Class AR, 5.21% (3
mo. Term SOFR + 1.54%),
04/15/2037(a)(b)
|
|
1,250,000
|
1,253,249
|
|
GoldenTree Loan Management US CLO
12 Ltd. (Cayman Islands),
Series 2022-12A, Class AJR, 5.20% (3
mo. Term SOFR + 1.53%),
07/20/2037(a)(b)
|
|
2,075,000
|
2,080,078
|
|
GoldenTree Loan Management US CLO 8
Ltd. (Cayman Islands), Series 2020-8A,
Class ARR, 4.82% (3 mo. Term SOFR
+ 1.15%), 10/20/2034(a)(b)
|
|
600,000
|
600,787
|
|
GoldenTree Loan Management US CLO 9
Ltd., Series 2021-9A, Class AR, 5.17%
(3 mo. Term SOFR + 1.50%),
04/20/2037(a)(b)
|
|
6,300,000
|
6,317,086
|
|
Golub Capital Partners CLO 19B-R3 Ltd.
(Cayman Islands), Series 2017-19RA,
Class A1, 5.04% (3 mo. Term SOFR +
1.15%), 10/20/2036(a)(b)
|
|
4,500,000
|
4,505,143
|
|
Golub Capital Partners CLO 49(M) Ltd.
(Cayman Islands), Series 2020-49A,
Class A1R, 5.19% (3 mo. Term SOFR +
1.52%), 07/20/2038(a)(b)
|
|
4,000,000
|
4,006,128
|
|
|
Principal
Amount
|
Value
|
|
|
Golub Capital Partners CLO 53(B) Ltd.
(Cayman Islands), Series 2021-53A,
Class AR, 4.65% (3 mo. Term SOFR +
0.98%), 07/20/2034(a)(b)
|
$
|
500,000
|
$500,159
|
|
Golub Capital Partners CLO 54(M) L.P.
(Cayman Islands), Series 2021-54A,
Class A1R, 5.13% (3 mo. Term SOFR +
1.47%), 08/05/2037(a)(b)
|
|
2,400,000
|
2,403,492
|
|
Golub Capital Partners CLO 61(M),
Series 2022-61A, Class A1A, 4.90% (3
mo. Term SOFR + 1.23%),
07/25/2035(a)(b)
|
|
5,000,000
|
5,002,755
|
|
Golub Capital Partners CLO 69(M),
Series 2023-69A, Class AR, 5.27% (3
mo. Term SOFR + 1.40%),
11/09/2038(a)(b)
|
|
2,000,000
|
2,005,394
|
|
Golub Capital Partners CLO 71(M),
Series 2024-71A, Class A, 5.82% (3
mo. Term SOFR + 1.95%),
02/09/2037(a)(b)
|
|
1,000,000
|
1,002,379
|
|
Golub Capital Partners CLO 78(M),
Series 2025-78A, Class A1, 5.05% (3
mo. Term SOFR + 1.38%),
04/21/2039(a)(b)
|
|
3,500,000
|
3,510,458
|
|
Hartwick Park CLO Ltd. (Jersey),
Series 2023-1A, Class AR, 4.83% (3
mo. Term SOFR + 1.16%),
01/20/2037(a)(b)
|
|
1,495,000
|
1,499,623
|
|
Ivy Hill Middle Market Credit Fund IX Ltd.
(Cayman Islands), Series 9A,
Class A1R3, 5.19% (3 mo. Term SOFR
+ 1.52%), 07/23/2037(a)(b)
|
|
1,200,000
|
1,204,844
|
|
Ivy Hill Middle Market Credit Fund VII Ltd.
(Cayman Islands), Series 7A,
Class AR3, 5.27% (3 mo. Term SOFR +
1.60%), 10/15/2036(a)(b)
|
|
500,000
|
501,434
|
|
Madison Park Funding XIX Ltd. (Cayman
Islands), Series 2015-19A, Class AR3,
5.27% (3 mo. Term SOFR + 1.60%),
01/22/2037(a)(b)
|
|
1,000,000
|
1,001,000
|
|
Magnetite XL Ltd. (Cayman Islands),
Series 2024-40A, Class A1, 5.12% (3
mo. Term SOFR + 1.45%),
07/15/2037(a)(b)
|
|
2,500,000
|
2,502,995
|
|
Magnetite Xlii Ltd., Series 2024-42A,
Class A1, 4.98% (3 mo. Term SOFR +
1.31%), 01/25/2038(a)(b)
|
|
1,500,000
|
1,503,834
|
|
Magnetite XVII Ltd. (Cayman Islands),
Series 2016-17A, Class AR2, 5.17% (3
mo. Term SOFR + 1.50%),
04/20/2037(a)(b)
|
|
3,100,000
|
3,107,102
|
|
Magnetite XXI Ltd. (Cayman Islands),
Series 2019-21A, Class AR, 4.95% (3
mo. Term SOFR + 1.28%),
04/20/2034(a)(b)
|
|
2,500,000
|
2,502,942
|
|
Magnetite XXVII Ltd. (Cayman Islands)
|
|
|
|
|
Series 2020-27A, Class ARR, 4.90% (3
mo. Term SOFR + 1.23%),
10/20/2038(a)(b)
|
|
1,250,000
|
1,255,938
|
|
Series 2020-27A, Class BRR, 5.22% (3
mo. Term SOFR + 1.55%),
10/20/2038(a)(b)
|
|
1,000,000
|
1,006,825
|
|
|
Principal
Amount
|
Value
|
|
|
Magnetite XXXIX Ltd., Series 2023-39A,
Class AR, 4.84% (3 mo. Term SOFR +
1.17%), 01/25/2037(a)(b)
|
$
|
1,000,000
|
$1,001,543
|
|
Magnetite XXXVII Ltd. (Cayman Islands),
Series 2023-37A, Class A1R, 4.87% (3
mo. Term SOFR + 1.20%),
10/25/2038(a)(b)
|
|
5,000,000
|
5,020,000
|
|
Milford Park CLO Ltd. (Cayman Islands),
Series 2022-1A, Class AR, 4.83% (3
mo. Term SOFR + 1.16%),
01/20/2038(a)(b)
|
|
5,000,000
|
5,005,645
|
|
Neuberger Berman CLO XVI-S Ltd.
(Cayman Islands), Series 2017-16SA,
Class A1R, 4.85% (3 mo. Term SOFR +
1.18%), 04/15/2039(a)(b)
|
|
500,000
|
501,562
|
|
Neuberger Berman Loan Advisers CLO
33 Ltd. (Cayman Islands),
Series 2019-33A, Class AR2, 4.89% (3
mo. Term SOFR + 1.22%),
04/16/2039(a)(b)
|
|
4,350,000
|
4,361,775
|
|
Neuberger Berman Loan Advisers CLO
39 Ltd. (Cayman Islands),
Series 2020-39A, Class A1R, 5.20% (3
mo. Term SOFR + 1.53%),
04/20/2038(a)(b)
|
|
3,000,000
|
3,009,261
|
|
Neuberger Berman Loan Advisers CLO
40 Ltd. (Cayman Islands),
Series 2021-40A, Class AR, 4.90% (3
mo. Term SOFR + 1.23%),
10/16/2037(a)(b)
|
|
6,000,000
|
6,010,830
|
|
Neuberger Berman Loan Advisers CLO
47 Ltd. (Cayman Islands),
Series 2022-47A, Class AR, 4.76% (3
mo. Term SOFR + 1.09%),
04/16/2035(a)(b)
|
|
6,250,000
|
6,260,812
|
|
Neuberger Berman Loan Advisers NBLA
CLO 52 Ltd. (Jersey), Series 2022-
52A, Class AR, 5.02% (3 mo. Term
SOFR + 1.35%), 10/24/2038(a)(b)
|
|
2,500,000
|
2,510,667
|
|
New Mountain CLO 8 Ltd. (Cayman
Islands), Series CLO-8A, Class A1,
5.13% (3 mo. Term SOFR + 1.27%),
10/20/2038(a)(b)
|
|
5,000,000
|
5,022,180
|
|
OCP CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2015-9A, Class AR3, 4.77% (3
mo. Term SOFR + 1.10%),
01/15/2037(a)(b)
|
|
3,500,000
|
3,502,079
|
|
Series 2016-12A, Class A1R3, 5.04%
(3 mo. Term SOFR + 1.37%),
10/18/2037(a)(b)
|
|
1,000,000
|
1,005,396
|
|
Series 2017-13A, Class AR2, 5.01% (3
mo. Term SOFR + 1.34%),
11/26/2037(a)(b)
|
|
1,500,000
|
1,506,314
|
|
Series 2019-17A, Class AR2, 5.07% (3
mo. Term SOFR + 1.40%),
07/20/2037(a)(b)
|
|
4,000,000
|
4,013,520
|
|
Series 2019-17A, Class BR2, 5.42% (3
mo. Term SOFR + 1.75%),
07/20/2037(a)(b)
|
|
1,250,000
|
1,253,456
|
|
|
Principal
Amount
|
Value
|
|
|
Series 2020-20A, Class A1R, 5.20% (3
mo. Term SOFR + 1.53%),
04/18/2037(a)(b)
|
$
|
1,000,000
|
$1,002,123
|
|
Series 2024-31A, Class A1, 5.30% (3
mo. Term SOFR + 1.63%),
04/20/2037(a)(b)
|
|
3,250,000
|
3,258,047
|
|
OHA Credit Funding 12-R Ltd. (Cayman
Islands), Series 2022-12RA, Class B1,
5.27% (3 mo. Term SOFR + 1.60%),
07/20/2037(a)(b)
|
|
1,000,000
|
1,003,144
|
|
OHA Credit Funding 15-R Ltd. (Cayman
Islands), Series 2023-15RA, Class A,
4.96% (3 mo. Term SOFR + 1.29%),
07/20/2038(a)(b)
|
|
1,275,000
|
1,281,375
|
|
OHA Credit Funding 17 Ltd. (Bermuda),
Series 2024-17A, Class A, 5.15% (3
mo. Term SOFR + 1.48%),
04/20/2037(a)(b)
|
|
2,000,000
|
2,002,486
|
|
OHA Credit Funding 4 Ltd. (Cayman
Islands), Series 2019-4A, Class AR2,
4.96% (3 mo. Term SOFR + 1.29%),
01/22/2038(a)(b)
|
|
2,331,000
|
2,338,506
|
|
OHA Credit Funding 8 Ltd. (Cayman
Islands), Series 2021-8A, Class B1R,
5.22% (3 mo. Term SOFR + 1.55%),
01/20/2038(a)(b)
|
|
2,250,000
|
2,256,590
|
|
OHA Credit Partners VII Ltd. (Cayman
Islands), Series 2012-7A, Class AR4,
5.03% (3 mo. Term SOFR + 1.14%),
02/20/2038(a)(b)
|
|
2,250,000
|
2,252,077
|
|
Palmer Square CLO Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2015-1A, Class A1A5, 4.92% (3
mo. Term SOFR + 1.05%),
05/21/2034(a)(b)
|
|
1,795,000
|
1,795,951
|
|
Series 2021-1A, Class A1AR, 4.82%
(3 mo. Term SOFR + 1.15%),
04/20/2038(a)(b)
|
|
2,500,000
|
2,505,247
|
|
Park Blue CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2022-1A, Class A1R, 5.09% (3
mo. Term SOFR + 1.42%),
10/20/2037(a)(b)
|
|
6,400,000
|
6,427,290
|
|
Series 2022-2A, Class A1R, 5.09% (3
mo. Term SOFR + 1.42%),
07/20/2037(a)(b)
|
|
1,910,000
|
1,915,361
|
|
Series 2025-7A, Class A1, 4.89% (3
mo. Term SOFR + 1.22%),
04/25/2038(a)(b)
|
|
7,250,000
|
7,254,843
|
|
Peace Park CLO Ltd. (Cayman Islands),
Series 2021-1A, Class BR, 5.25% (3
mo. Term SOFR + 1.58%),
10/20/2038(a)(b)
|
|
1,000,000
|
1,003,003
|
|
Peebles Park CLO Ltd. (Jersey),
Series 2024-1A, Class A, 5.17% (3
mo. Term SOFR + 1.50%),
04/21/2037(a)(b)
|
|
2,400,000
|
2,407,339
|
|
Pikes Peak CLO 4 (Cayman Islands),
Series 2019-4A, Class ARR, 4.88% (3
mo. Term SOFR + 1.21%),
07/15/2034(a)(b)
|
|
1,500,000
|
1,503,549
|
|
|
Principal
Amount
|
Value
|
|
|
Regatta 30 Funding Ltd. (Cayman
Islands), Series 2024-4A, Class A2,
5.22% (3 mo. Term SOFR + 1.55%),
01/25/2038(a)(b)
|
$
|
487,500
|
$489,277
|
|
Regatta XVII Funding Ltd. (Cayman
Islands), Series 2020-1A, Class AR,
5.05% (3 mo. Term SOFR + 1.38%),
10/15/2037(a)(b)
|
|
4,600,000
|
4,620,626
|
|
Regatta XX Funding Ltd. (Cayman
Islands), Series 2021-2A, Class AR,
4.85% (3 mo. Term SOFR + 1.18%),
01/15/2038(a)(b)
|
|
1,350,000
|
1,351,007
|
|
Regatta XXII Funding Ltd. (Cayman
Islands), Series 2022-2A, Class A1R2,
4.93% (3 mo. Term SOFR + 1.26%),
01/15/2039(a)(b)
|
|
2,000,000
|
2,005,280
|
|
RR 24 Ltd. (Bermuda), Series 2022-24A,
Class A1A2, 4.98% (3 mo. Term SOFR
+ 1.31%), 01/15/2037(a)(b)
|
|
900,000
|
903,847
|
|
RR 26 Ltd. (Cayman Islands),
Series 2023-26A, Class A1R, 4.79% (3
mo. Term SOFR + 1.12%),
04/15/2038(a)(b)
|
|
10,000,000
|
10,010,380
|
|
RR 29 Ltd. (Cayman Islands),
Series 2024-29RA, Class A1R, 5.06%
(3 mo. Term SOFR + 1.39%),
07/15/2039(a)(b)
|
|
1,500,000
|
1,503,498
|
|
RR 38 Ltd. (Cayman Islands),
Series 2025-38A, Class A1A, 4.82% (3
mo. Term SOFR + 1.15%),
04/15/2040(a)(b)
|
|
1,300,000
|
1,300,664
|
|
RR 5 Ltd. (Cayman Islands), Series 2018-
5A, Class A1R, 5.17% (3 mo. Term
SOFR + 1.50%), 07/15/2039(a)(b)
|
|
2,200,000
|
2,207,370
|
|
Shackleton CLO Ltd. (Cayman Islands),
Series 2019-14A, Class A1R, 4.87% (3
mo. Term SOFR + 1.20%),
07/20/2034(a)(b)
|
|
1,250,000
|
1,252,723
|
|
Signal Peak CLO 10 Ltd. (Cayman
Islands), Series 2021-10A, Class A1R,
4.86% (3 mo. Term SOFR + 1.19%),
01/24/2038(a)(b)
|
|
4,500,000
|
4,509,697
|
|
Signal Peak CLO 14 Ltd. (Cayman
Islands), Series 2024-14A, Class A,
4.97% (3 mo. Term SOFR + 1.30%),
01/22/2038(a)(b)
|
|
2,000,000
|
2,009,000
|
|
Signal Peak CLO 9 Ltd. (Cayman Islands),
Series 2021-9A, Class A1R, 5.03% (3
mo. Term SOFR + 1.36%),
01/21/2038(a)(b)
|
|
1,300,000
|
1,305,448
|
|
Sona Fios CLO IV DAC (Ireland),
Series 4A, Class A, 3.30% (3 mo.
EURIBOR + 1.27%),
04/20/2038(a)(b)(c)
|
EUR
|
2,000,000
|
2,382,461
|
|
Symphony CLO 40 Ltd. (Bermuda)
|
|
|
|
|
Series 2023-40A, Class AR, 4.98% (3
mo. Term SOFR + 1.31%),
01/05/2038(a)(b)
|
$
|
1,500,000
|
1,507,189
|
|
Series 2023-40A, Class BR, 5.37% (3
mo. Term SOFR + 1.70%),
01/05/2038(a)(b)
|
|
1,500,000
|
1,503,539
|
|
|
Principal
Amount
|
Value
|
|
|
Symphony CLO XIX Ltd. (Cayman Islands)
|
|
|
|
|
Series 2018-19A, Class A, 4.89% (3
mo. Term SOFR + 1.22%),
04/16/2031(a)(b)
|
$
|
361,859
|
$362,338
|
|
Series 2018-19A, Class B, 5.28% (3
mo. Term SOFR + 1.61%),
04/16/2031(a)(b)
|
|
900,000
|
900,765
|
|
Symphony CLO XX Ltd. (Cayman Islands),
Series 2018-20A, Class AR2, 4.77% (3
mo. Term SOFR + 1.10%),
01/16/2032(a)(b)
|
|
1,342,853
|
1,347,489
|
|
Symphony CLO XXII Ltd. (Cayman
Islands), Series 2020-22A, Class BR,
5.35% (3 mo. Term SOFR + 1.68%),
04/18/2033(a)(b)
|
|
750,000
|
750,674
|
|
Symphony CLO XXV Ltd. (Cayman
Islands), Series 2021-25A, Class BR,
5.17% (3 mo. Term SOFR + 1.50%),
04/19/2034(a)(b)
|
|
3,500,000
|
3,505,026
|
|
Symphony CLO XXXII Ltd. (Cayman
Islands), Series 2022-32A, Class BR,
5.32% (3 mo. Term SOFR + 1.65%),
10/23/2035(a)(b)
|
|
3,500,000
|
3,508,494
|
|
Symphony Loan Funding CLO 1 Ltd.
(Cayman Islands), Series 2024-1A,
Class B, 5.52% (3 mo. Term SOFR +
1.85%), 01/22/2038(a)(b)
|
|
1,000,000
|
1,004,675
|
|
Texas Debt Capital CLO Ltd. (Cayman
Islands), Series 2023-1A, Class A1R,
4.97% (3 mo. Term SOFR + 1.30%),
07/20/2038(a)(b)
|
|
3,550,000
|
3,566,397
|
|
TICP CLO VII Ltd. (Cayman Islands),
Series 2017-7A, Class ASR2, 4.97% (3
mo. Term SOFR + 1.30%),
04/15/2033(a)(b)
|
|
3,408,115
|
3,412,546
|
|
Valley Stream Park CLO Ltd. (Jersey),
Series 2022-1A, Class ARR, 4.86% (3
mo. Term SOFR + 1.19%),
01/20/2037(a)(b)
|
|
1,112,000
|
1,113,390
|
|
Whetstone Park CLO Ltd., Series 2021-
1A, Class A1R, 4.74% (3 mo. Term
SOFR + 1.07%), 01/20/2035(a)(b)
|
|
10,500,000
|
10,519,614
|
|
Total Asset-Backed Securities
(Cost $410,264,811)
|
410,773,774
|
||
|
|
Shares
|
|
|
|
Money Market Funds-2.95%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(d)(e)
(Cost $12,007,233)
|
|
12,007,233
|
12,007,233
|
|
TOTAL INVESTMENTS IN SECURITIES-103.97%
(Cost $422,272,044)
|
422,781,007
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.97)%
|
(16,126,259
)
|
||
|
NET ASSETS-100.00%
|
$406,654,748
|
||
|
Investment Abbreviations:
|
|
|
BR
|
-Bearer Shares
|
|
EUR
|
-Euro
|
|
EURIBOR
|
-Euro Interbank Offered Rate
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $410,773,774, which represented 101.01% of the Fund’s Net Assets.
|
|
(b)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(c)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$539,116
|
$42,375,965
|
$(30,907,848
)
|
$-
|
$-
|
$12,007,233
|
$28,496
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
3/30/2026
|
BNP Paribas
|
EUR
|
2,658,768
|
USD
|
3,187,212
|
$15,183
|
|
3/30/2026
|
Canadian Imperial Bank of Commerce
|
EUR
|
2,658,768
|
USD
|
3,187,868
|
15,839
|
|
3/30/2026
|
Goldman Sachs International
|
EUR
|
2,630,079
|
USD
|
3,152,039
|
14,237
|
|
3/30/2026
|
State Street Bank & Trust
|
EUR
|
34,870
|
USD
|
41,797
|
196
|
|
Subtotal—Appreciation
|
45,455
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
2/27/2026
|
BNP Paribas
|
USD
|
3,182,586
|
EUR
|
2,658,768
|
(15,819
)
|
|
2/27/2026
|
Canadian Imperial Bank of Commerce
|
EUR
|
7,947,614
|
USD
|
9,326,891
|
(139,239
)
|
|
2/27/2026
|
Canadian Imperial Bank of Commerce
|
USD
|
3,183,239
|
EUR
|
2,658,768
|
(16,472
)
|
|
2/27/2026
|
Goldman Sachs International
|
USD
|
3,147,460
|
EUR
|
2,630,079
|
(14,864
)
|
|
Subtotal—Depreciation
|
(186,394
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$(140,939
)
|
|||||
|
Abbreviations:
|
|
|
EUR
|
-Euro
|
|
USD
|
-U.S. Dollar
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Apartments -9.76%
|
|||
|
AvalonBay Communities, Inc.
|
|
10,114
|
$1,796,954
|
|
Camden Property Trust
|
|
12,099
|
1,319,396
|
|
UDR, Inc.
|
|
40,173
|
1,492,427
|
|
|
|
|
4,608,777
|
|
Data Centers -12.06%
|
|||
|
Digital Realty Trust, Inc.
|
|
20,804
|
3,452,424
|
|
Equinix, Inc.
|
|
2,731
|
2,241,960
|
|
|
|
|
5,694,384
|
|
Diversified-2.53%
|
|||
|
W.P. Carey, Inc.
|
|
17,140
|
1,195,515
|
|
Free Standing-2.09%
|
|||
|
Essential Properties Realty Trust, Inc.
|
|
32,579
|
989,098
|
|
Gaming REITs-4.14%
|
|||
|
Gaming and Leisure Properties, Inc.
|
|
43,648
|
1,953,248
|
|
Health Care-17.01%
|
|||
|
American Healthcare REIT, Inc.(b)
|
|
15,632
|
733,297
|
|
CareTrust REIT, Inc.(b)
|
|
16,119
|
601,883
|
|
Healthcare Realty Trust, Inc.
|
|
65,310
|
1,096,555
|
|
Omega Healthcare Investors, Inc.
|
|
27,567
|
1,209,640
|
|
Ventas, Inc.
|
|
10,602
|
823,457
|
|
Welltower, Inc.
|
|
18,932
|
3,566,032
|
|
|
|
|
8,030,864
|
|
Industrial-12.45%
|
|||
|
EastGroup Properties, Inc.
|
|
6,660
|
1,209,722
|
|
First Industrial Realty Trust, Inc.
|
|
11,187
|
649,182
|
|
Prologis, Inc.
|
|
30,767
|
4,016,939
|
|
|
|
|
5,875,843
|
|
Infrastructure REITs-12.49%
|
|||
|
American Tower Corp.
|
|
21,851
|
3,917,447
|
|
Crown Castle, Inc.
|
|
22,795
|
1,978,834
|
|
|
|
|
5,896,281
|
|
Lodging Resorts-0.93%
|
|||
|
Ryman Hospitality Properties, Inc.
|
|
4,627
|
438,177
|
|
Office-2.10%
|
|||
|
Vornado Realty Trust
|
|
31,120
|
992,106
|
|
Regional Malls-2.00%
|
|||
|
Simon Property Group, Inc.
|
|
4,929
|
942,967
|
|
Self Storage-5.98%
|
|||
|
CubeSmart
|
|
57,619
|
2,162,441
|
|
Extra Space Storage, Inc.
|
|
4,775
|
658,807
|
|
|
|
|
2,821,248
|
|
|
Shares
|
Value
|
|
|
Shopping Centers-5.97%
|
|||
|
Brixmor Property Group, Inc.
|
|
34,023
|
$911,476
|
|
Tanger, Inc.
|
|
58,264
|
1,906,398
|
|
|
|
|
2,817,874
|
|
Single Family Homes-2.19%
|
|||
|
American Homes 4 Rent, Class A
|
|
32,987
|
1,033,153
|
|
Specialty-6.14%
|
|||
|
Iron Mountain, Inc.
|
|
15,833
|
1,458,694
|
|
Lamar Advertising Co., Class A
|
|
4,031
|
517,218
|
|
Outfront Media, Inc.
|
|
37,974
|
923,528
|
|
|
|
|
2,899,440
|
|
Timber REITs-2.13%
|
|||
|
Weyerhaeuser Co.
|
|
39,087
|
1,007,663
|
|
Total Common Stocks & Other Equity Interests
(Cost $45,713,885)
|
47,196,638
|
||
|
|
|||
|
Money Market Funds-0.11%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(c)(d)
(Cost $52,854)
|
|
52,854
|
52,854
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.08%
(Cost $45,766,739)
|
47,249,492
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.30%
|
|||
|
Invesco Private Government Fund, 3.65%(c)(d)(e)
|
|
171,254
|
171,254
|
|
Invesco Private Prime Fund, 3.80%(c)(d)(e)
|
|
444,339
|
444,472
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $615,726)
|
615,726
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.38%
(Cost $46,382,465)
|
47,865,218
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.38)%
|
(651,763
)
|
||
|
NET ASSETS-100.00%
|
$47,213,455
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Property type classifications used in this report are generally according to FTSE
National Association of Real Estate Investment Trusts ("NAREIT") Equity REITs
Index, which is exclusively owned by NAREIT.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$127,342
|
$562,102
|
$(636,590
)
|
$-
|
$-
|
$52,854
|
$947
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
187,263
|
2,433,736
|
(2,449,745
)
|
-
|
-
|
171,254
|
2,078
*
|
|
Invesco Private Prime Fund
|
491,339
|
6,060,354
|
(6,107,221
)
|
-
|
-
|
444,472
|
5,857
*
|
|
Total
|
$805,944
|
$9,056,192
|
$(9,193,556
)
|
$-
|
$-
|
$668,580
|
$8,882
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(e)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-98.71%
|
|||
|
Aerospace & Defense-1.54%
|
|||
|
Textron, Inc.
|
|
19,757
|
$1,739,802
|
|
Air Freight & Logistics-2.57%
|
|||
|
FedEx Corp.
|
|
9,021
|
2,907,017
|
|
Banks-14.75%
|
|||
|
Bank of America Corp.
|
|
82,715
|
4,400,438
|
|
Citizens Financial Group, Inc.
|
|
44,071
|
2,775,592
|
|
Fifth Third Bancorp
|
|
41,741
|
2,096,233
|
|
Huntington Bancshares, Inc.
|
|
130,368
|
2,278,833
|
|
M&T Bank Corp.
|
|
5,907
|
1,308,814
|
|
Wells Fargo & Co.
|
|
42,527
|
3,848,268
|
|
|
|
|
16,708,178
|
|
Beverages-1.51%
|
|||
|
Coca-Cola Co. (The)
|
|
22,836
|
1,708,361
|
|
Broadline Retail-1.94%
|
|||
|
eBay, Inc.
|
|
24,078
|
2,196,395
|
|
Building Products-2.65%
|
|||
|
Johnson Controls International PLC
|
|
25,154
|
2,999,866
|
|
Capital Markets-2.85%
|
|||
|
State Street Corp.
|
|
24,641
|
3,224,521
|
|
Chemicals-1.55%
|
|||
|
International Flavors & Fragrances, Inc.
|
|
25,120
|
1,753,627
|
|
Communications Equipment-3.16%
|
|||
|
Cisco Systems, Inc.
|
|
45,688
|
3,578,284
|
|
Consumer Staples Distribution & Retail-2.27%
|
|||
|
Sysco Corp.
|
|
30,727
|
2,576,459
|
|
Containers & Packaging-1.11%
|
|||
|
International Paper Co.
|
|
31,106
|
1,254,194
|
|
Electrical Equipment-3.60%
|
|||
|
Eaton Corp. PLC
|
|
5,529
|
1,943,001
|
|
Emerson Electric Co.
|
|
14,538
|
2,136,505
|
|
|
|
|
4,079,506
|
|
Entertainment-1.35%
|
|||
|
Walt Disney Co. (The)
|
|
13,545
|
1,527,876
|
|
Health Care Equipment & Supplies-3.54%
|
|||
|
Becton, Dickinson and Co.
|
|
8,666
|
1,763,357
|
|
GE HealthCare Technologies, Inc.
|
|
13,004
|
1,026,926
|
|
Medtronic PLC
|
|
11,880
|
1,223,165
|
|
|
|
|
4,013,448
|
|
Health Care Providers & Services-6.17%
|
|||
|
CVS Health Corp.
|
|
42,292
|
3,151,600
|
|
Elevance Health, Inc.
|
|
6,488
|
2,243,161
|
|
Humana, Inc.
|
|
3,554
|
693,741
|
|
UnitedHealth Group, Inc.
|
|
3,154
|
904,977
|
|
|
|
|
6,993,479
|
|
Hotels, Restaurants & Leisure-2.97%
|
|||
|
Domino’s Pizza, Inc.
|
|
3,703
|
1,519,452
|
|
Starbucks Corp.
|
|
20,088
|
1,847,092
|
|
|
|
|
3,366,544
|
|
Household Products-2.40%
|
|||
|
Clorox Co. (The)
|
|
11,223
|
1,265,842
|
|
Kimberly-Clark Corp.
|
|
14,563
|
1,456,155
|
|
|
|
|
2,721,997
|
|
|
Shares
|
Value
|
|
|
Insurance-3.76%
|
|||
|
Allstate Corp. (The)
|
|
5,826
|
$1,159,316
|
|
American International Group, Inc.
|
|
23,623
|
1,768,890
|
|
MetLife, Inc.
|
|
16,931
|
1,335,517
|
|
|
|
|
4,263,723
|
|
Interactive Media & Services-6.38%
|
|||
|
Alphabet, Inc., Class A
|
|
14,172
|
4,790,136
|
|
Meta Platforms, Inc., Class A
|
|
3,408
|
2,441,832
|
|
|
|
|
7,231,968
|
|
IT Services-2.19%
|
|||
|
Cognizant Technology Solutions Corp.,
Class A
|
|
30,272
|
2,484,120
|
|
Machinery-2.19%
|
|||
|
Caterpillar, Inc.
|
|
3,765
|
2,474,960
|
|
Media-0.92%
|
|||
|
Comcast Corp., Class A
|
|
35,055
|
1,042,886
|
|
Multi-Utilities-3.38%
|
|||
|
Dominion Energy, Inc.
|
|
22,050
|
1,326,748
|
|
Sempra
|
|
28,761
|
2,502,495
|
|
|
|
|
3,829,243
|
|
Oil, Gas & Consumable Fuels-6.65%
|
|||
|
Chevron Corp.
|
|
22,251
|
3,936,202
|
|
ConocoPhillips
|
|
18,518
|
1,930,131
|
|
Exxon Mobil Corp.
|
|
11,827
|
1,672,338
|
|
|
|
|
7,538,671
|
|
Pharmaceuticals-6.94%
|
|||
|
Bristol-Myers Squibb Co.
|
|
21,343
|
1,174,932
|
|
Johnson & Johnson
|
|
13,388
|
3,042,423
|
|
Merck & Co., Inc.
|
|
33,080
|
3,647,732
|
|
|
|
|
7,865,087
|
|
Semiconductors & Semiconductor Equipment-4.55%
|
|||
|
Intel Corp.(b)
|
|
26,375
|
1,225,646
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
11,819
|
2,672,749
|
|
QUALCOMM, Inc.
|
|
8,269
|
1,253,498
|
|
|
|
|
5,151,893
|
|
Software-2.39%
|
|||
|
Microsoft Corp.
|
|
6,293
|
2,707,815
|
|
Textiles, Apparel & Luxury Goods-1.14%
|
|||
|
NIKE, Inc., Class B
|
|
20,884
|
1,290,840
|
|
Tobacco-2.29%
|
|||
|
Philip Morris International, Inc.
|
|
14,475
|
2,597,394
|
|
Total Common Stocks & Other Equity Interests
(Cost $96,124,455)
|
111,828,154
|
||
|
|
|||
|
Money Market Funds-1.25%
|
|
|
|
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(c)(d)
(Cost $1,415,563)
|
|
1,415,563
|
1,415,563
|
|
TOTAL INVESTMENTS IN SECURITIES-99.96%
(Cost $97,540,018)
|
113,243,717
|
||
|
OTHER ASSETS LESS LIABILITIES-0.04%
|
44,089
|
||
|
NET ASSETS-100.00%
|
$113,287,806
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$2,024,441
|
$678,458
|
$(1,287,336
)
|
$-
|
$-
|
$1,415,563
|
$15,322
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
55,727
|
378,196
|
(433,923
)
|
-
|
-
|
-
|
769
*
|
|
Invesco Private Prime Fund
|
141,148
|
971,033
|
(1,112,182
)
|
-
|
1
|
-
|
2,065
*
|
|
Total
|
$2,221,316
|
$2,027,687
|
$(2,833,441
)
|
$-
|
$1
|
$1,415,563
|
$18,156
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Securities-37.79%
|
|||
|
U.S. Treasury Bills-0.43%(b)
|
|||
|
3.53%–4.10%, 05/14/2026(c)
|
$
|
805,000
|
$796,970
|
|
U.S. Treasury Bonds-9.07%
|
|||
|
4.63%, 11/15/2045
|
|
2,714,600
|
2,640,585
|
|
4.75%, 08/15/2055
|
|
14,475,300
|
14,160,915
|
|
|
|
|
16,801,500
|
|
U.S. Treasury Notes-28.29%
|
|||
|
3.38%, 12/31/2027
|
|
16,389,200
|
16,342,465
|
|
3.50%, 01/15/2029
|
|
8,575,400
|
8,550,947
|
|
3.63%, 12/31/2030
|
|
16,126,800
|
16,002,069
|
|
3.88%, 12/31/2032
|
|
2,437,300
|
2,415,974
|
|
4.00%, 11/15/2035
|
|
9,312,000
|
9,122,122
|
|
|
|
|
52,433,577
|
|
Total U.S. Treasury Securities
(Cost $70,329,319)
|
70,032,047
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-30.25%
|
|||
|
Collateralized Mortgage Obligations-0.37%
|
|||
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
Series K519, Class AS, 4.27% (30 Day
Average SOFR + 0.48%), 03/25/2029(d)
|
|
266,784
|
266,607
|
|
Series K530, Class A2, 4.79%,
09/25/2029(e)
|
|
100,000
|
102,710
|
|
Series KF153, Class AS, 4.47% (30 Day
Average SOFR + 0.68%), 02/25/2033(d)
|
|
301,356
|
303,098
|
|
Series KF81, Class AL, 4.26% (30 Day
Average SOFR + 0.47%), 06/25/2027(d)
|
|
6,634
|
6,636
|
|
|
|
|
679,051
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-0.80%
|
|||
|
4.50%, 04/01/2035
|
|
1,500,000
|
1,491,019
|
|
Federal National Mortgage Association (FNMA)-1.62%
|
|||
|
4.29%, 10/01/2030
|
|
1,500,000
|
1,513,288
|
|
3.93%, 12/01/2030
|
|
1,500,000
|
1,488,965
|
|
|
|
|
3,002,253
|
|
Uniform Mortgage-Backed Securities-27.46%
|
|||
|
TBA, 4.50%, 02/01/2041 to 02/01/2056(f)
|
|
5,569,027
|
5,487,894
|
|
TBA, 5.00%, 02/01/2041 to 02/01/2056(f)
|
|
8,277,290
|
8,293,513
|
|
TBA, 2.00%, 02/01/2056(f)
|
|
7,353,445
|
5,967,362
|
|
TBA, 2.50%, 02/01/2056(f)
|
|
8,661,458
|
7,353,450
|
|
TBA, 3.00%, 02/01/2056(f)
|
|
5,646,070
|
5,005,239
|
|
TBA, 3.50%, 02/01/2056(f)
|
|
3,383,316
|
3,129,792
|
|
TBA, 4.00%, 02/01/2056(f)
|
|
6,418,952
|
6,131,158
|
|
TBA, 5.50%, 02/01/2056(f)
|
|
4,257,384
|
4,317,272
|
|
TBA, 6.00%, 02/01/2056(f)
|
|
3,610,922
|
3,698,074
|
|
TBA, 6.50%, 02/01/2056(f)
|
|
1,445,000
|
1,496,591
|
|
|
|
|
50,880,345
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $55,996,458)
|
56,052,668
|
||
|
U.S. Dollar Denominated Bonds & Notes-29.87%
|
|||
|
Aerospace & Defense-0.24%
|
|||
|
Howmet Aerospace, Inc., 4.55%,
11/15/2032
|
|
268,000
|
269,370
|
|
|
Principal
Amount
|
Value
|
|
|
Aerospace & Defense-(continued)
|
|||
|
Lockheed Martin Corp.
|
|
|
|
|
4.15% 08/15/2028
|
$
|
83,000
|
$83,686
|
|
4.40% 08/15/2030
|
|
31,000
|
31,328
|
|
Textron, Inc., 4.95%, 03/15/2036
|
|
69,000
|
68,437
|
|
|
|
|
452,821
|
|
Agricultural & Farm Machinery-0.23%
|
|||
|
Deere Funding Canada Corp., 4.15%,
10/09/2030
|
|
214,000
|
213,751
|
|
John Deere Capital Corp., 4.38%,
10/15/2030
|
|
214,000
|
216,394
|
|
|
|
|
430,145
|
|
Agricultural Products & Services-0.10%
|
|||
|
Cargill, Inc.
|
|
|
|
|
4.13% 10/23/2030(g)
|
|
109,000
|
108,478
|
|
5.38% 10/23/2055(g)
|
|
73,675
|
70,791
|
|
|
|
|
179,269
|
|
Apparel, Accessories & Luxury Goods-0.06%
|
|||
|
Gildan Activewear, Inc. (Canada)
|
|
|
|
|
4.70% 10/07/2030(g)
|
|
52,000
|
51,859
|
|
5.40% 10/07/2035(g)
|
|
57,000
|
56,958
|
|
|
|
|
108,817
|
|
Application Software-0.03%
|
|||
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
16,000
|
16,094
|
|
4.45% 09/15/2030
|
|
23,350
|
23,412
|
|
5.10% 09/15/2035
|
|
17,640
|
17,621
|
|
|
|
|
57,127
|
|
Asset Management & Custody Banks-0.22%
|
|||
|
Ares Strategic Income Fund, 5.55%,
04/15/2031(g)
|
|
131,000
|
129,570
|
|
Bank of New York Mellon Corp. (The), 4.40%
(SOFR + 0.68%), 06/09/2028(d)
|
|
31,000
|
31,100
|
|
Brookfield Asset Management Ltd. (Canada),
6.08%, 09/15/2055
|
|
19,000
|
19,561
|
|
Carlyle Group, Inc. (The), 5.05%,
09/19/2035
|
|
59,000
|
58,094
|
|
Northern Trust Corp.
|
|
|
|
|
4.15% 11/19/2030
|
|
51,000
|
51,039
|
|
5.12% 11/19/2040(h)
|
|
77,000
|
76,647
|
|
State Street Corp., 4.78%, 10/23/2036(h)
|
|
40,000
|
39,534
|
|
|
|
|
405,545
|
|
Automobile Manufacturers-0.43%
|
|||
|
American Honda Finance Corp., 4.15%,
01/08/2029
|
|
203,000
|
203,519
|
|
Daimler Truck Finance North America LLC
(Germany), 4.15%, 01/12/2029(g)
|
|
265,000
|
265,023
|
|
Honda Motor Co. Ltd. (Japan)
|
|
|
|
|
4.44% 07/08/2028
|
|
31,000
|
31,303
|
|
5.34% 07/08/2035
|
|
25,000
|
25,522
|
|
Hyundai Capital America, 4.88%,
06/23/2027(g)
|
|
23,000
|
23,253
|
|
PACCAR Financial Corp., Series R, 3.90%,
02/05/2029
|
|
246,000
|
246,299
|
|
|
|
|
794,919
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Parts & Equipment-0.07%
|
|||
|
BMW US Capital LLC (Germany)
|
|
|
|
|
4.15% 08/11/2027(g)
|
$
|
100,000
|
$100,382
|
|
4.50% 08/11/2030(g)
|
|
23,000
|
23,102
|
|
|
|
|
123,484
|
|
Broadcasting-0.02%
|
|||
|
Paramount Global, 5.85%, 09/01/2043
|
|
49,000
|
39,522
|
|
Building Products-0.14%
|
|||
|
CRH America Finance, Inc.
|
|
|
|
|
4.40% 02/09/2031
|
|
113,000
|
113,105
|
|
5.00% 02/09/2036
|
|
113,000
|
112,940
|
|
5.60% 02/09/2056
|
|
26,000
|
25,594
|
|
|
|
|
251,639
|
|
Cable & Satellite-0.03%
|
|||
|
Charter Communications Operating LLC/
Charter Communications Operating Capital
Corp.
|
|
|
|
|
5.85% 12/01/2035(i)
|
|
37,000
|
36,840
|
|
6.70% 12/01/2055
|
|
26,000
|
25,126
|
|
|
|
|
61,966
|
|
Cargo Ground Transportation-0.42%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(g)
|
|
113,000
|
113,148
|
|
4.65% 03/15/2031(g)
|
|
405,300
|
405,170
|
|
4.95% 03/15/2033(g)
|
|
33,000
|
32,918
|
|
5.25% 03/15/2036(g)
|
|
148,000
|
146,703
|
|
Penske Truck Leasing Co. L.P./PTL Finance
Corp., 4.55%, 01/15/2031(g)
|
|
88,000
|
87,849
|
|
|
|
|
785,788
|
|
Commercial & Residential Mortgage Finance-0.07%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
4.25% 04/30/2029(g)
|
|
42,000
|
41,858
|
|
4.80% 10/24/2030(g)
|
|
89,000
|
89,255
|
|
|
|
|
131,113
|
|
Construction Machinery & Heavy Transportation Equipment-0.07%
|
|||
|
Westinghouse Air Brake Technologies Corp.
|
|
|
|
|
4.90% 05/29/2030
|
|
48,000
|
49,066
|
|
5.50% 05/29/2035
|
|
69,000
|
71,677
|
|
|
|
|
120,743
|
|
Consumer Electronics-0.14%
|
|||
|
Tyco Electronics Group S.A. (Switzerland)
|
|
|
|
|
4.50% 02/09/2031
|
|
96,000
|
96,919
|
|
4.88% 02/09/2036
|
|
170,000
|
169,298
|
|
|
|
|
266,217
|
|
Consumer Finance-1.19%
|
|||
|
American Express Co.
|
|
|
|
|
4.73% 04/25/2029(h)
|
|
119,000
|
120,806
|
|
4.35% 07/20/2029(h)
|
|
135,000
|
135,855
|
|
4.51% (SOFR + 0.81%), 07/20/2029(d)
|
|
468,000
|
469,721
|
|
4.92% 07/20/2033(h)
|
|
156,000
|
158,077
|
|
4.80% 10/24/2036(h)
|
|
245,000
|
240,262
|
|
Capital One Financial Corp.
|
|
|
|
|
4.49% 09/11/2031(h)
|
|
65,900
|
65,482
|
|
4.72% 01/30/2032(h)
|
|
194,000
|
194,101
|
|
5.20% 09/11/2036(h)
|
|
40,000
|
39,459
|
|
5.40% 01/30/2037(h)
|
|
299,000
|
298,568
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
General Motors Financial Co., Inc., 4.20%,
10/27/2028
|
$
|
481,000
|
$482,334
|
|
Synchrony Financial, 5.02%, 07/29/2029(h)
|
|
8,000
|
8,095
|
|
|
|
|
2,212,760
|
|
Distillers & Vintners-0.02%
|
|||
|
Constellation Brands, Inc., 4.95%,
11/01/2035
|
|
33,000
|
32,618
|
|
Distributors-0.09%
|
|||
|
Genuine Parts Co., 4.95%, 08/15/2029
|
|
156,000
|
158,565
|
|
Diversified Banks-7.08%
|
|||
|
Banco Santander S.A. (Spain)
|
|
|
|
|
5.08% 11/06/2030
|
|
400,000
|
400,514
|
|
5.13% 11/06/2035
|
|
200,000
|
199,740
|
|
Bank of America Corp., Series RR,
4.38%(h)(j)
|
|
430,000
|
428,034
|
|
Banque Federative du Credit Mutuel S.A.
(France), 4.59%, 10/16/2028(g)
|
|
523,000
|
529,073
|
|
BPCE S.A. (France), 6.35%,
01/13/2047(g)(h)
|
|
250,000
|
250,065
|
|
Citigroup, Inc.
|
|
|
|
|
4.50% 09/11/2031(h)
|
|
108,300
|
108,422
|
|
6.63% (h)(j)
|
|
324,200
|
330,238
|
|
Cooperatieve Rabobank U.A. (Netherlands),
3.96%, 10/17/2028
|
|
695,000
|
697,987
|
|
Fifth Third Bancorp
|
|
|
|
|
4.57% 04/29/2032(h)
|
|
182,000
|
181,879
|
|
5.14% 01/29/2037(h)
|
|
198,000
|
196,716
|
|
HSBC Holdings PLC (United Kingdom),
5.13%, 11/06/2036(h)
|
|
200,000
|
199,842
|
|
JPMorgan Chase & Co.
|
|
|
|
|
5.10% 04/22/2031(h)
|
|
119,000
|
122,767
|
|
4.26% 10/22/2031(h)
|
|
127,000
|
126,394
|
|
4.35% 01/22/2032(h)
|
|
160,000
|
159,614
|
|
5.72% 09/14/2033(h)
|
|
42,500
|
44,860
|
|
4.81% 10/22/2036(h)
|
|
130,700
|
128,897
|
|
4.90% 01/22/2037(h)
|
|
209,000
|
207,491
|
|
KeyCorp, 5.31%, 01/28/2037(h)
|
|
75,000
|
75,114
|
|
Lloyds Banking Group PLC (United Kingdom)
|
|
|
|
|
4.43% 11/04/2031(h)
|
|
211,000
|
210,390
|
|
4.94% 11/04/2036(h)
|
|
297,000
|
292,612
|
|
6.63% (h)(i)(j)
|
|
200,000
|
198,512
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
3.92% 02/03/2028(g)
|
|
241,000
|
241,501
|
|
4.19% (SOFR + 0.48%), 02/03/2028(d)(g)
|
|
214,000
|
214,185
|
|
Mitsubishi UFJ Financial Group, Inc. (Japan),
5.62%, 04/24/2036(h)
|
|
879,000
|
918,667
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
4.71% 07/08/2031(h)
|
|
547,000
|
553,832
|
|
4.95% (SOFR + 1.25%), 07/08/2031(d)
|
|
358,000
|
363,541
|
|
5.32% 07/08/2036(h)
|
|
587,000
|
601,798
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.47% 07/06/2028(h)
|
|
615,000
|
619,035
|
|
4.21% 02/08/2030(h)
|
|
250,000
|
250,130
|
|
4.48% (SOFR + 0.77%), 02/08/2030(d)
|
|
550,000
|
550,245
|
|
Pinnacle Bank, 5.96%, 01/15/2036(h)
|
|
88,600
|
89,320
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
|
4.08% 01/26/2029(h)
|
|
117,000
|
117,192
|
|
4.32% (SOFR + 0.62%), 01/26/2029(d)
|
|
193,000
|
193,344
|
|
5.37% 07/21/2036(h)
|
|
91,000
|
93,208
|
|
5.42% 01/25/2041(h)
|
|
120,000
|
119,934
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Royal Bank of Canada (Canada), 6.50%,
05/24/2086(h)
|
$
|
536,000
|
$535,870
|
|
Standard Chartered PLC (United Kingdom),
4.62% (SOFR + 0.92%), 01/13/2030(d)(g)
|
|
829,000
|
830,762
|
|
Toronto-Dominion Bank (The) (Canada),
4.93%, 10/15/2035
|
|
65,000
|
64,855
|
|
Truist Bank, 4.47% (SOFR + 0.77%),
07/24/2028(d)
|
|
500,000
|
501,697
|
|
U.S. Bancorp, 4.48%, 01/26/2032(h)
|
|
205,500
|
205,994
|
|
UBS AG (Switzerland), 4.29% (SOFR +
0.50%), 05/17/2027(d)
|
|
270,000
|
270,394
|
|
Wells Fargo & Co.
|
|
|
|
|
4.18% 01/23/2030(h)
|
|
83,000
|
83,081
|
|
5.15% 04/23/2031(h)
|
|
34,000
|
35,019
|
|
5.39% 04/24/2034(h)
|
|
54,000
|
55,864
|
|
4.96% 01/23/2037(h)
|
|
200,000
|
198,444
|
|
5.43% 01/23/2047(h)
|
|
281,000
|
275,576
|
|
Series BB, 3.90% (h)(j)
|
|
22,000
|
21,987
|
|
Westpac Banking Corp. (Australia), 4.52%
(SOFR + 0.82%), 07/01/2030(d)
|
|
23,000
|
23,238
|
|
|
|
|
13,117,874
|
|
Diversified Capital Markets-0.28%
|
|||
|
Deutsche Bank AG (Germany), 4.47%,
12/10/2031(h)
|
|
211,200
|
211,010
|
|
UBS Group AG (Switzerland), 5.53%,
05/06/2047(g)(h)
|
|
314,000
|
310,928
|
|
|
|
|
521,938
|
|
Diversified Financial Services-1.88%
|
|||
|
Aircastle Ltd./Aircastle Ireland DAC, 5.00%,
09/15/2030(g)
|
|
479,000
|
485,563
|
|
Apollo Global Management, Inc., 5.15%,
08/12/2035
|
|
27,000
|
26,899
|
|
Atlas Warehouse Lending Co. L.P.
|
|
|
|
|
4.63% 11/15/2028(g)
|
|
138,700
|
139,352
|
|
5.25% 01/15/2033(g)
|
|
124,300
|
124,519
|
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
4.70% 01/30/2031(g)
|
|
197,200
|
196,193
|
|
4.95% 10/15/2032(g)
|
|
186,000
|
184,600
|
|
Blackstone Reg Finance Co. L.L.C.
|
|
|
|
|
4.30% 11/03/2030
|
|
76,000
|
75,728
|
|
4.95% 02/15/2036
|
|
19,000
|
18,801
|
|
Citadel Securities Global Holdings LLC,
6.20%, 06/18/2035(g)
|
|
849,000
|
892,893
|
|
LPL Holdings, Inc., 5.15%, 06/15/2030
|
|
112,000
|
114,288
|
|
Pershing Square Holdings Ltd., 5.50%,
10/28/2032(g)
|
|
1,118,000
|
1,119,478
|
|
Voya Global Funding, 4.60%, 11/24/2030(g)
|
|
104,400
|
105,072
|
|
|
|
|
3,483,386
|
|
Diversified Metals & Mining-0.05%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
5.75%, 09/05/2055
|
|
41,500
|
42,506
|
|
Glencore Funding LLC (Australia), 5.19%,
04/01/2030(g)
|
|
48,000
|
49,433
|
|
Rio Tinto Finance (USA) PLC (Australia),
5.75%, 03/14/2055
|
|
4,000
|
4,079
|
|
|
|
|
96,018
|
|
Diversified REITs-0.02%
|
|||
|
ERP Operating L.P., 4.95%, 06/15/2032
|
|
34,000
|
34,846
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-1.96%
|
|||
|
AEP Texas, Inc., 5.70%, 05/15/2034
|
$
|
13,000
|
$13,580
|
|
Alabama Power Co., Series C, 4.30%,
03/15/2031
|
|
205,500
|
205,761
|
|
American Electric Power Co., Inc.
|
|
|
|
|
Series C, 5.80% 03/15/2056(h)
|
|
335,600
|
335,739
|
|
Series D, 6.05% 03/15/2056(h)
|
|
80,000
|
79,470
|
|
Arizona Public Service Co., 5.90%,
08/15/2055
|
|
82,400
|
83,945
|
|
Consolidated Edison Co. of New York, Inc.,
5.75%, 11/15/2055
|
|
47,000
|
46,995
|
|
Constellation Energy Generation LLC
|
|
|
|
|
3.90% 01/08/2028
|
|
237,000
|
236,804
|
|
5.88% 01/15/2066
|
|
32,500
|
31,730
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
62,800
|
62,687
|
|
Entergy Corp., 5.88%, 06/15/2056(h)
|
|
52,000
|
52,069
|
|
Evergy Metro, Inc., 5.13%, 08/15/2035
|
|
27,000
|
27,283
|
|
Evergy Missouri West, Inc., 5.25%,
12/15/2035(g)
|
|
56,000
|
56,259
|
|
Exelon Corp., 5.45%, 03/15/2034
|
|
27,000
|
28,034
|
|
Florida Power & Light Co.
|
|
|
|
|
4.70% 02/15/2036
|
|
97,000
|
95,907
|
|
5.60% 02/15/2066
|
|
84,000
|
82,604
|
|
Louisville Gas and Electric Co., 5.85%,
08/15/2055
|
|
7,000
|
7,100
|
|
National Rural Utilities Cooperative Finance
Corp.
|
|
|
|
|
5.00% 08/15/2034
|
|
137,000
|
139,580
|
|
5.75% 04/20/2056(k)
|
|
358,000
|
358,000
|
|
Series D, 4.15% 08/25/2028
|
|
192,000
|
192,981
|
|
NextEra Energy Capital Holdings, Inc.,
4.69%, 09/01/2027
|
|
175,000
|
177,055
|
|
Niagara Mohawk Power Corp., 4.65%,
10/03/2030(g)
|
|
48,000
|
48,347
|
|
NRG Energy, Inc.
|
|
|
|
|
4.73% 10/15/2030(g)
|
|
263,000
|
263,111
|
|
5.41% 10/15/2035(g)
|
|
124,000
|
123,503
|
|
PPL Electric Utilities Corp., 5.55%,
08/15/2055
|
|
16,000
|
15,841
|
|
Union Electric Co., 5.25%, 04/15/2035
|
|
27,000
|
27,782
|
|
Virginia Electric and Power Co.
|
|
|
|
|
Series C, 4.90% 09/15/2035
|
|
62,000
|
61,652
|
|
Series D, 5.60% 09/15/2055
|
|
110,000
|
107,112
|
|
Vistra Operations Co. LLC
|
|
|
|
|
4.30% 10/15/2028(g)
|
|
179,000
|
179,101
|
|
4.60% 10/15/2030(g)
|
|
72,000
|
71,810
|
|
4.70% 01/31/2031(g)
|
|
54,000
|
53,950
|
|
5.35% 01/31/2036(g)
|
|
102,500
|
101,997
|
|
Wisconsin Electric Power Co., 3.95%,
03/01/2029
|
|
143,000
|
142,922
|
|
Wisconsin Public Service Corp., 4.25%,
01/15/2031
|
|
123,000
|
122,924
|
|
|
|
|
3,633,635
|
|
Electrical Components & Equipment-0.04%
|
|||
|
Molex Electronic Technologies LLC
|
|
|
|
|
4.75% 04/30/2028(g)
|
|
33,000
|
33,461
|
|
5.25% 04/30/2032(g)
|
|
33,000
|
33,889
|
|
|
|
|
67,350
|
|
|
Principal
Amount
|
Value
|
|
|
Electronic Components-0.11%
|
|||
|
Amphenol Corp.
|
|
|
|
|
4.13% 11/15/2030
|
$
|
80,000
|
$79,526
|
|
4.40% 02/15/2033
|
|
125,000
|
123,603
|
|
|
|
|
203,129
|
|
Electronic Manufacturing Services-0.04%
|
|||
|
Jabil, Inc., 4.75%, 02/01/2033
|
|
81,000
|
79,810
|
|
Fertilizers & Agricultural Chemicals-0.20%
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
|
295,000
|
295,994
|
|
4.60% 11/15/2030
|
|
79,000
|
79,248
|
|
|
|
|
375,242
|
|
Financial Exchanges & Data-0.23%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
187,000
|
187,147
|
|
4.20% 03/15/2031
|
|
173,000
|
172,722
|
|
MSCI, Inc., 5.25%, 09/01/2035
|
|
17,000
|
17,065
|
|
Nasdaq, Inc.
|
|
|
|
|
5.35% 06/28/2028
|
|
17,000
|
17,517
|
|
5.95% 08/15/2053
|
|
26,000
|
26,935
|
|
|
|
|
421,386
|
|
Food Distributors-0.15%
|
|||
|
Bunge Ltd. Finance Corp.
|
|
|
|
|
4.55% 08/04/2030
|
|
245,000
|
246,983
|
|
5.15% 08/04/2035
|
|
27,000
|
27,405
|
|
|
|
|
274,388
|
|
Food Retail-0.04%
|
|||
|
Alimentation Couche-Tard, Inc. (Canada),
5.08%, 09/29/2035(g)
|
|
79,000
|
79,207
|
|
Forest Products-0.05%
|
|||
|
Georgia-Pacific LLC
|
|
|
|
|
4.40% 06/30/2028(g)
|
|
48,000
|
48,522
|
|
4.95% 06/30/2032(g)
|
|
48,000
|
49,400
|
|
|
|
|
97,922
|
|
Gas Utilities-0.05%
|
|||
|
Atmos Energy Corp., 5.20%, 08/15/2035(i)
|
|
23,000
|
23,686
|
|
Southern Natural Gas Co. L.L.C., 5.45%,
08/01/2035(g)
|
|
59,000
|
60,136
|
|
|
|
|
83,822
|
|
Gold-0.07%
|
|||
|
Fortitude Global Funding, 4.63%,
10/06/2028(g)
|
|
121,000
|
121,277
|
|
Health Care Distributors-0.07%
|
|||
|
Cardinal Health, Inc.
|
|
|
|
|
4.50% 09/15/2030
|
|
15,600
|
15,724
|
|
5.15% 09/15/2035
|
|
17,900
|
18,145
|
|
McKesson Corp.
|
|
|
|
|
4.65% 05/30/2030
|
|
72,000
|
73,185
|
|
4.95% 05/30/2032
|
|
31,000
|
31,896
|
|
|
|
|
138,950
|
|
Health Care Equipment-0.03%
|
|||
|
GE HealthCare Technologies, Inc., 4.80%,
01/15/2031
|
|
48,000
|
48,748
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Facilities-0.09%
|
|||
|
Ascension Health
|
|
|
|
|
Series 2025, 4.29% 11/15/2030
|
$
|
109,000
|
$109,131
|
|
Series 2025, 4.92% 11/15/2035
|
|
61,000
|
61,069
|
|
|
|
|
170,200
|
|
Health Care REITs-0.05%
|
|||
|
National Health Investors, Inc., 5.35%,
02/01/2033
|
|
13,000
|
13,024
|
|
Omega Healthcare Investors, Inc., 5.20%,
07/01/2030
|
|
31,000
|
31,532
|
|
Ventas Realty L.P., 5.00%, 02/15/2036
|
|
47,200
|
46,764
|
|
|
|
|
91,320
|
|
Health Care Services-0.31%
|
|||
|
Cigna Group (The), 4.50%, 09/15/2030
|
|
112,400
|
113,182
|
|
CommonSpirit Health
|
|
|
|
|
4.35% 09/01/2030
|
|
76,000
|
75,608
|
|
4.83% 09/01/2035
|
|
116,000
|
114,050
|
|
4.98% 09/01/2035
|
|
69,000
|
68,008
|
|
5.58% 09/01/2045
|
|
33,000
|
32,301
|
|
5.66% 09/01/2055
|
|
21,000
|
20,411
|
|
CVS Health Corp.
|
|
|
|
|
5.00% 09/15/2032
|
|
16,000
|
16,269
|
|
5.45% 09/15/2035
|
|
32,000
|
32,573
|
|
6.20% 09/15/2055
|
|
28,000
|
28,298
|
|
6.25% 09/15/2065
|
|
16,000
|
15,983
|
|
HCA, Inc.
|
|
|
|
|
4.30% 11/15/2030
|
|
16,000
|
15,918
|
|
5.45% 09/15/2034
|
|
32,000
|
32,859
|
|
|
|
|
565,460
|
|
Health Care Supplies-0.02%
|
|||
|
Solventum Corp., 5.45%, 02/25/2027
|
|
43,000
|
43,625
|
|
Highways & Railtracks-0.03%
|
|||
|
Burlington Northern Santa Fe LLC
|
|
|
|
|
5.55% 03/15/2056
|
|
36,400
|
36,035
|
|
5.80% 03/15/2056
|
|
16,000
|
16,425
|
|
|
|
|
52,460
|
|
Home Improvement Retail-0.26%
|
|||
|
Home Depot, Inc. (The)
|
|
|
|
|
3.75% 09/15/2028
|
|
238,000
|
238,221
|
|
3.95% 09/15/2030
|
|
156,000
|
155,338
|
|
4.65% 09/15/2035
|
|
84,000
|
83,101
|
|
|
|
|
476,660
|
|
Homebuilding-0.02%
|
|||
|
Toll Brothers Finance Corp., 5.60%,
06/15/2035
|
|
27,000
|
28,071
|
|
Hotel & Resort REITs-0.01%
|
|||
|
Phillips Edison Grocery Center Operating
Partnership I L.P., 5.25%, 08/15/2032
|
|
23,000
|
23,585
|
|
Hotels, Resorts & Cruise Lines-0.01%
|
|||
|
Marriott International, Inc., 4.20%,
07/15/2027
|
|
23,000
|
23,084
|
|
Industrial Conglomerates-0.33%
|
|||
|
Siemens Funding B.V. (Germany), 4.90%,
05/28/2032(g)
|
|
587,000
|
605,017
|
|
|
Principal
Amount
|
Value
|
|
|
Insurance Brokers-0.10%
|
|||
|
Willis North America, Inc.
|
|
|
|
|
4.55% 03/15/2031
|
$
|
98,000
|
$97,957
|
|
5.15% 03/15/2036
|
|
81,800
|
81,472
|
|
|
|
|
179,429
|
|
Integrated Oil & Gas-0.00%
|
|||
|
Occidental Petroleum Corp., 4.40%,
04/15/2046
|
|
10,000
|
7,960
|
|
Integrated Telecommunication Services-1.09%
|
|||
|
AT&T, Inc., 6.05%, 08/15/2056
|
|
32,000
|
32,050
|
|
NTT Finance Corp. (Japan), 5.50%,
07/16/2035(g)
|
|
679,000
|
701,670
|
|
Orange S.A. (France), 4.00%,
01/13/2029(g)
|
|
389,000
|
389,262
|
|
TELUS Corp. (Canada)
|
|
|
|
|
6.38% 06/09/2056(h)
|
|
133,600
|
135,029
|
|
6.63% 06/09/2056(h)
|
|
289,800
|
291,189
|
|
Verizon Communications, Inc.
|
|
|
|
|
5.25% 04/02/2035
|
|
129,000
|
130,727
|
|
5.00% 01/15/2036
|
|
99,000
|
97,903
|
|
5.75% 11/30/2045
|
|
167,000
|
166,064
|
|
5.88% 11/30/2055
|
|
38,296
|
37,830
|
|
6.00% 11/30/2065
|
|
47,800
|
47,320
|
|
|
|
|
2,029,044
|
|
Interactive Media & Services-0.43%
|
|||
|
Alphabet, Inc.
|
|
|
|
|
4.38% 11/15/2032
|
|
14,000
|
14,051
|
|
4.70% 11/15/2035
|
|
47,000
|
46,806
|
|
5.35% 11/15/2045
|
|
91,000
|
89,831
|
|
5.45% 11/15/2055
|
|
39,000
|
38,066
|
|
5.30% 05/15/2065
|
|
19,000
|
17,772
|
|
Meta Platforms, Inc.
|
|
|
|
|
4.88% 11/15/2035
|
|
254,400
|
251,735
|
|
5.63% 11/15/2055
|
|
139,000
|
132,354
|
|
5.75% 11/15/2065
|
|
225,000
|
212,918
|
|
|
|
|
803,533
|
|
Internet Services & Infrastructure-0.81%
|
|||
|
Beignet Investor LLC, 6.58%,
05/30/2049(g)
|
|
1,443,000
|
1,503,493
|
|
Investment Banking & Brokerage-2.49%
|
|||
|
Brookfield Finance, Inc. (Canada), 5.33%,
01/15/2036
|
|
142,000
|
142,389
|
|
Charles Schwab Corp. (The)
|
|
|
|
|
4.34% 11/14/2031(h)
|
|
244,000
|
243,895
|
|
4.91% 11/14/2036(h)
|
|
205,000
|
203,262
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.15% 01/21/2029(h)
|
|
299,000
|
299,279
|
|
5.73% 04/25/2030(h)
|
|
47,000
|
49,082
|
|
4.37% 10/21/2031(h)
|
|
187,400
|
186,373
|
|
4.52% 01/21/2032(h)
|
|
279,000
|
278,956
|
|
4.94% 10/21/2036(h)
|
|
700
|
691
|
|
5.07% 01/21/2037(h)
|
|
130,000
|
129,493
|
|
5.39% 02/02/2041(h)
|
|
558,000
|
553,008
|
|
5.54% 01/21/2047(h)
|
|
215,000
|
211,913
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage-(continued)
|
|||
|
Morgan Stanley
|
|
|
|
|
4.24% 01/09/2030(h)
|
$
|
380,000
|
$380,771
|
|
4.49% 01/16/2032(h)
|
|
302,000
|
301,867
|
|
5.66% 04/17/2036(h)
|
|
26,000
|
27,172
|
|
5.07% 01/30/2037(h)
|
|
491,000
|
489,287
|
|
5.31% 01/18/2041(h)
|
|
150,000
|
148,218
|
|
Series I, 4.36% 10/22/2031(h)
|
|
194,300
|
193,274
|
|
Series I, 4.89% 10/22/2036(h)
|
|
155,100
|
152,748
|
|
Nomura Holdings, Inc. (Japan), 5.49%,
06/29/2035
|
|
561,500
|
577,528
|
|
Raymond James Financial, Inc., 4.90%,
09/11/2035
|
|
54,000
|
53,494
|
|
|
|
|
4,622,700
|
|
IT Consulting & Other Services-0.67%
|
|||
|
International Business Machines Corp.
|
|
|
|
|
4.00% 02/03/2029
|
|
120,000
|
120,121
|
|
4.30% 02/03/2031
|
|
350,000
|
349,812
|
|
4.95% 02/03/2036
|
|
563,000
|
561,380
|
|
5.80% 02/03/2056
|
|
210,000
|
209,489
|
|
|
|
|
1,240,802
|
|
Life & Health Insurance-0.98%
|
|||
|
American National Group, Inc., 6.00%,
07/15/2035
|
|
23,000
|
23,198
|
|
Constellation Global Funding, 4.85%,
10/22/2030(g)
|
|
251,000
|
249,063
|
|
Corebridge Global Funding, 4.56% (SOFR +
0.86%), 12/15/2028(d)(g)
|
|
701,000
|
704,337
|
|
Equitable America Global Funding, 4.65%,
06/09/2028(g)
|
|
23,000
|
23,281
|
|
Jackson National Life Global Funding,
4.70%, 06/05/2028(g)
|
|
424,500
|
429,895
|
|
Lincoln Financial Global Funding
|
|
|
|
|
4.63% 05/28/2028(g)
|
|
23,000
|
23,244
|
|
4.63% 08/18/2030(g)
|
|
31,000
|
31,144
|
|
Lincoln National Corp., 5.35%, 11/15/2035
|
|
126,000
|
126,487
|
|
Protective Life Corp.
|
|
|
|
|
4.70% 01/15/2031(g)
|
|
87,000
|
87,362
|
|
5.35% 12/15/2035(g)
|
|
113,800
|
114,386
|
|
|
|
|
1,812,397
|
|
Multi-Utilities-0.17%
|
|||
|
CenterPoint Energy, Inc., 5.95%,
04/01/2056(h)
|
|
29,000
|
29,232
|
|
Dominion Energy, Inc.
|
|
|
|
|
6.00% 02/15/2056(h)
|
|
61,000
|
61,682
|
|
6.20% 02/15/2056(h)
|
|
138,000
|
138,538
|
|
NiSource, Inc.
|
|
|
|
|
5.25% 03/30/2028
|
|
48,000
|
49,225
|
|
5.35% 04/01/2034
|
|
27,000
|
27,841
|
|
|
|
|
306,518
|
|
Office REITs-0.09%
|
|||
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
19,000
|
18,970
|
|
Cousins Properties L.P., 5.38%,
02/15/2032
|
|
23,000
|
23,744
|
|
Piedmont Operating Partnership L.P., 5.63%,
01/15/2033
|
|
115,000
|
115,650
|
|
|
|
|
158,364
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Exploration & Production-0.17%
|
|||
|
Antero Resources Corp., 5.40%,
02/01/2036
|
$
|
200,700
|
$199,512
|
|
EOG Resources, Inc.
|
|
|
|
|
4.40% 07/15/2028
|
|
48,000
|
48,580
|
|
5.35% 01/15/2036
|
|
37,000
|
38,001
|
|
5.95% 07/15/2055
|
|
36,000
|
36,918
|
|
|
|
|
323,011
|
|
Oil & Gas Storage & Transportation-0.75%
|
|||
|
Energy Transfer L.P.
|
|
|
|
|
4.55% 01/15/2031
|
|
272,000
|
271,799
|
|
5.35% 01/15/2036
|
|
179,000
|
178,875
|
|
6.30% 01/15/2056
|
|
24,000
|
24,009
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
73,000
|
73,646
|
|
4.60% 01/15/2031
|
|
35,200
|
35,656
|
|
5.20% 01/15/2036
|
|
89,000
|
90,587
|
|
Florida Gas Transmission Co. LLC, 5.75%,
07/15/2035(g)
|
|
27,000
|
27,977
|
|
Gulfstream Natural Gas System L.L.C.,
5.60%, 07/23/2035(g)
|
|
46,000
|
47,077
|
|
Kinder Morgan, Inc., 5.15%, 06/01/2030
|
|
48,000
|
49,673
|
|
MPLX L.P.
|
|
|
|
|
4.80% 02/15/2031
|
|
48,000
|
48,536
|
|
5.00% 01/15/2033
|
|
23,000
|
23,063
|
|
5.40% 09/15/2035
|
|
69,000
|
69,595
|
|
Southern Co. Gas Capital Corp.
|
|
|
|
|
Series A, 4.05% 09/15/2028
|
|
14,000
|
14,016
|
|
Series B, 5.10% 09/15/2035
|
|
66,400
|
66,731
|
|
Western Midstream Operating L.P.
|
|
|
|
|
4.80% 03/01/2031
|
|
188,600
|
188,733
|
|
5.50% 12/15/2035
|
|
65,800
|
65,540
|
|
Williams Cos., Inc. (The), 6.00%,
03/15/2055
|
|
112,500
|
114,089
|
|
|
|
|
1,389,602
|
|
Other Specialty Retail-0.02%
|
|||
|
VSP Optical Group, Inc., 5.45%,
12/01/2035(g)
|
|
32,000
|
32,130
|
|
Packaged Foods & Meats-0.01%
|
|||
|
Mars, Inc., 5.70%, 05/01/2055(g)
|
|
19,000
|
18,950
|
|
Passenger Airlines-0.11%
|
|||
|
American Airlines Pass-Through Trust,
4.90%, 05/11/2038
|
|
118,000
|
116,966
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
43,000
|
43,749
|
|
5.25% 07/10/2030
|
|
48,000
|
49,172
|
|
|
|
|
209,887
|
|
Passenger Ground Transportation-0.04%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.15% 01/15/2031
|
|
53,400
|
52,954
|
|
4.80% 09/15/2035
|
|
23,000
|
22,767
|
|
|
|
|
75,721
|
|
Pharmaceuticals-1.27%
|
|||
|
Eli Lilly and Co.
|
|
|
|
|
5.55% 10/15/2055
|
|
17,600
|
17,635
|
|
5.65% 10/15/2065
|
|
17,500
|
17,509
|
|
EMD Finance LLC (Germany), 4.38%,
10/15/2030(g)
|
|
31,000
|
31,050
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
Merck & Co., Inc.
|
|
|
|
|
4.15% 03/15/2031
|
$
|
275,000
|
$274,070
|
|
4.45% 12/04/2032
|
|
63,000
|
63,174
|
|
4.75% 12/04/2035
|
|
192,000
|
190,431
|
|
5.55% 12/04/2055
|
|
97,000
|
95,372
|
|
5.70% 12/04/2065
|
|
61,000
|
60,152
|
|
Pfizer, Inc.
|
|
|
|
|
4.20% 11/15/2030
|
|
142,000
|
142,390
|
|
4.50% 11/15/2032
|
|
159,000
|
159,552
|
|
5.60% 11/15/2055
|
|
108,000
|
107,387
|
|
5.70% 11/15/2065
|
|
116,000
|
114,428
|
|
Takeda U.S. Financing, Inc.
|
|
|
|
|
5.20% 07/07/2035
|
|
561,500
|
568,653
|
|
5.90% 07/07/2055
|
|
361,500
|
367,253
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
147,000
|
147,882
|
|
|
|
|
2,356,938
|
|
Property & Casualty Insurance-0.11%
|
|||
|
American International Group, Inc., 4.85%,
05/07/2030
|
|
23,000
|
23,570
|
|
CNA Financial Corp., 5.20%, 08/15/2035
|
|
84,000
|
84,260
|
|
Hanover Insurance Group, Inc. (The), 5.50%,
09/01/2035
|
|
23,000
|
23,323
|
|
Travelers Cos., Inc. (The)
|
|
|
|
|
5.05% 07/24/2035
|
|
23,000
|
23,313
|
|
5.70% 07/24/2055
|
|
51,000
|
51,966
|
|
|
|
|
206,432
|
|
Real Estate Development-0.07%
|
|||
|
Essential Properties L.P., 5.40%,
12/01/2035
|
|
9,400
|
9,436
|
|
Prologis Targeted U.S. Logistics Fund L.P.
|
|
|
|
|
4.25% 01/15/2031(g)
|
|
49,000
|
48,641
|
|
4.75% 01/15/2036(g)
|
|
65,000
|
63,352
|
|
|
|
|
121,429
|
|
Regional Banks-0.48%
|
|||
|
Citizens Financial Group, Inc., 5.30%,
01/29/2036(h)
|
|
35,000
|
35,174
|
|
Huntington Bancshares, Inc.
|
|
|
|
|
4.62% 01/28/2032(h)(i)
|
|
430,000
|
430,806
|
|
5.61% 01/28/2041(h)
|
|
206,000
|
205,081
|
|
Truist Financial Corp., 4.60%,
01/27/2032(h)
|
|
185,000
|
185,513
|
|
Webster Financial Corp., 5.78%,
09/11/2035(h)
|
|
32,000
|
32,235
|
|
|
|
|
888,809
|
|
Reinsurance-0.16%
|
|||
|
RGA Global Funding
|
|
|
|
|
4.35% 08/25/2028(g)
|
|
147,000
|
147,949
|
|
5.00% 08/25/2032(g)
|
|
156,000
|
157,504
|
|
|
|
|
305,453
|
|
Renewable Electricity-0.06%
|
|||
|
Southern Power Co.
|
|
|
|
|
Series A, 4.25% 10/01/2030
|
|
54,000
|
53,884
|
|
Series B, 4.90% 10/01/2035
|
|
49,000
|
48,170
|
|
|
|
|
102,054
|
|
|
Principal
Amount
|
Value
|
|
|
Restaurants-0.18%
|
|||
|
McDonald’s Corp.
|
|
|
|
|
4.40% 02/12/2031
|
$
|
95,000
|
$95,706
|
|
5.00% 02/13/2036
|
|
232,000
|
233,978
|
|
|
|
|
329,684
|
|
Retail REITs-0.11%
|
|||
|
Brixmor Operating Partnership L.P., 4.85%,
02/15/2033
|
|
27,000
|
26,962
|
|
Kimco Realty OP LLC, 5.30%, 02/01/2036
|
|
27,000
|
27,624
|
|
Kite Realty Group L.P.
|
|
|
|
|
4.95% 12/15/2031
|
|
31,000
|
31,476
|
|
5.50% 03/01/2034
|
|
27,000
|
27,794
|
|
Realty Income Corp., 4.50%, 02/01/2033
|
|
90,000
|
89,192
|
|
|
|
|
203,048
|
|
Self-Storage REITs-0.03%
|
|||
|
Americold Realty Operating Partnership L.P.,
5.60%, 05/15/2032
|
|
23,000
|
23,313
|
|
Extra Space Storage L.P., 4.95%,
01/15/2033
|
|
23,000
|
23,142
|
|
|
|
|
46,455
|
|
Semiconductors-1.19%
|
|||
|
AP Grange Holdings LLC, 6.50%,
03/20/2045(g)(k)
|
|
80,000
|
88,131
|
|
Broadcom, Inc.
|
|
|
|
|
5.15% 11/15/2031
|
|
156,000
|
161,767
|
|
5.20% 07/15/2035
|
|
23,000
|
23,511
|
|
4.80% 02/15/2036
|
|
89,000
|
87,886
|
|
4.90% 02/15/2038
|
|
74,000
|
72,462
|
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(g)
|
|
205,000
|
215,003
|
|
5.50% 01/25/2031(g)
|
|
213,000
|
220,723
|
|
6.15% 01/25/2032(g)
|
|
200,000
|
213,103
|
|
5.90% 01/25/2033(g)
|
|
214,000
|
224,642
|
|
5.88% 01/25/2034(g)
|
|
200,000
|
206,925
|
|
6.25% 01/25/2035(g)
|
|
204,000
|
217,163
|
|
6.20% 01/25/2037(g)
|
|
201,000
|
212,634
|
|
6.40% 01/25/2038(g)
|
|
217,000
|
232,580
|
|
Micron Technology, Inc., 5.65%,
11/01/2032
|
|
31,000
|
32,733
|
|
|
|
|
2,209,263
|
|
Soft Drinks & Non-alcoholic Beverages-0.46%
|
|||
|
PepsiCo, Inc.
|
|
|
|
|
4.10% 01/15/2029
|
|
399,000
|
401,928
|
|
4.60% 02/07/2030
|
|
156,000
|
159,551
|
|
5.00% 07/23/2035
|
|
294,000
|
299,212
|
|
|
|
|
860,691
|
|
Sovereign Debt-0.05%
|
|||
|
Israel Government International Bond
(Israel), 5.00%, 01/13/2036
|
|
93,500
|
92,146
|
|
Specialty Chemicals-0.35%
|
|||
|
Sherwin-Williams Co. (The)
|
|
|
|
|
4.30% 08/15/2028
|
|
404,000
|
406,955
|
|
4.50% 08/15/2030
|
|
130,000
|
131,220
|
|
5.15% 08/15/2035
|
|
110,000
|
111,705
|
|
|
|
|
649,880
|
|
|
Principal
Amount
|
Value
|
|
|
Systems Software-0.12%
|
|||
|
Oracle Corp.
|
|
|
|
|
4.45% 09/26/2030
|
$
|
79,700
|
$77,827
|
|
5.20% 09/26/2035
|
|
43,000
|
41,003
|
|
5.88% 09/26/2045
|
|
62,000
|
55,791
|
|
5.38% 09/27/2054
|
|
26,000
|
20,907
|
|
5.95% 09/26/2055
|
|
32,000
|
28,243
|
|
|
|
|
223,771
|
|
Tobacco-0.11%
|
|||
|
B.A.T. Capital Corp. (United Kingdom)
|
|
|
|
|
4.63% 03/22/2033
|
|
47,000
|
46,589
|
|
7.08% 08/02/2053
|
|
28,000
|
31,698
|
|
Philip Morris International, Inc.
|
|
|
|
|
4.00% 10/29/2030
|
|
80,000
|
79,167
|
|
4.63% 10/29/2035
|
|
41,000
|
40,059
|
|
|
|
|
197,513
|
|
Trading Companies & Distributors-0.04%
|
|||
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
80,000
|
79,733
|
|
Water Utilities-0.01%
|
|||
|
American Water Capital Corp., 5.70%,
09/01/2055
|
|
27,000
|
26,917
|
|
Wireless Telecommunication Services-0.09%
|
|||
|
T-Mobile USA, Inc.
|
|
|
|
|
4.95% 11/15/2035
|
|
89,000
|
88,260
|
|
5.70% 01/15/2056
|
|
83,000
|
80,242
|
|
|
|
|
168,502
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $55,502,533)
|
55,353,727
|
||
|
|
|||
|
Asset-Backed Securities-19.42%
|
|||
|
ALA Trust, Series 2025-OANA, Class B,
5.52% (1 mo. Term SOFR + 1.84%),
06/15/2040(d)(g)
|
|
100,000
|
100,910
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(g)
|
|
341,908
|
344,552
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(g)
|
|
103,954
|
105,097
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(g)
|
|
1,322,141
|
1,337,476
|
|
Ares LIII CLO Ltd. (Cayman Islands),
Series 2019-53A, Class A1R2, 4.76% (3
mo. Term SOFR + 1.09%),
10/24/2036(d)(g)
|
|
1,800,000
|
1,802,889
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands), Series 2021-3A, Class AR, 4.73%
(3 mo. Term SOFR + 1.06%),
07/24/2034(d)(g)
|
|
250,000
|
250,217
|
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.74% (3
mo. Term SOFR + 1.07%),
01/17/2035(d)(g)
|
|
1,780,000
|
1,783,079
|
|
Benchmark Mortgage Trust, Series 2026-
V20, Class AM, 5.44%, 02/15/2059
|
|
145,000
|
149,639
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 5.05% (3 mo. Term SOFR +
1.27%), 11/21/2033(d)(g)
|
|
1,500,000
|
1,501,879
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
BSTN Commercial Mortgage Trust,
Series 2025-1C, Class A, 5.55%,
06/15/2044(e)(g)
|
$
|
100,000
|
$102,851
|
|
BX Trust
|
|
|
|
|
Series 2025-VOLT, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 12/15/2044(d)(g)
|
|
800,000
|
805,105
|
|
Series 2025-VOLT, Class B, 5.78% (1 mo.
Term SOFR + 2.10%), 12/15/2044(d)(g)
|
|
925,000
|
931,563
|
|
Carlyle Global Market Strategies CLO Ltd.
(Cayman Islands), Series 2015-5A,
Class A1R4, 4.55% (3 mo. Term SOFR +
0.88%), 01/20/2032(d)(g)
|
|
822,119
|
822,733
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2024-INV2, Class A1, 6.42%,
05/25/2069(g)
|
|
251,572
|
255,704
|
|
Series 2025-3, Class A1, 5.35%,
03/25/2070(g)
|
|
269,519
|
271,726
|
|
Series 2025-4, Class A1, 5.79%,
04/25/2070(g)
|
|
500,436
|
508,041
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(g)
|
|
122,425
|
123,951
|
|
Compass Datacenters Issuer II LLC,
Series 2025-2A, Class A1, 4.93%,
11/25/2050(g)
|
|
1,430,148
|
1,425,666
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2024-H2, Class A1, 6.09%,
04/25/2069(g)
|
|
117,190
|
118,538
|
|
Series 2025-H5, Class A1, 5.51%,
07/25/2070(e)(g)
|
|
1,636,853
|
1,657,049
|
|
DB Master Finance LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(g)
|
|
520,000
|
520,106
|
|
Series 2025-1A, Class A2II, 5.17%,
08/20/2055(g)
|
|
260,000
|
260,228
|
|
EFMT, Series 2025-NQM5, Class A1, 5.03%,
11/25/2070(e)(g)
|
|
233,414
|
234,787
|
|
GCAT Trust, Series 2025-NQM4, Class A1A,
5.53%, 06/25/2070(g)
|
|
134,822
|
136,681
|
|
GGP Trust, Series 2026-TY, Class A, 4.67%,
03/05/2043(e)(g)
|
|
275,000
|
275,000
|
|
GS Mortgage-Backed Securities Corp. Trust,
Series 2025-NQM6, Class A1, 5.02%,
02/25/2066(g)
|
|
1,085,883
|
1,090,444
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2025-HE1, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
10/25/2055(d)(g)
|
|
1,290,963
|
1,298,980
|
|
Series 2025-HE2, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
12/25/2065(d)(g)
|
|
2,304,584
|
2,321,449
|
|
Series 2025-NQM5, Class A1, 5.01%,
07/25/2065(g)
|
|
1,653,792
|
1,661,666
|
|
Series 2026-NQM1, Class A1, 4.87%,
03/25/2066(e)(g)
|
|
120,000
|
120,234
|
|
Hilton Grand Vacations Trust, Series 2025-
1A, Class A, 4.88%, 05/27/2042(g)
|
|
36,777
|
37,302
|
|
IP Mortgage Trust, Series 2025-IP, Class A,
5.25%, 06/10/2042(e)(g)
|
|
100,000
|
101,883
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(e)(g)
|
$
|
805,474
|
$815,081
|
|
Series 2025-NQM4, Class A1, 4.95%,
03/25/2066(e)(g)
|
|
921,968
|
925,993
|
|
Jersey Mike’s Funding, Series 2025-1A,
Class A2, 5.61%, 08/16/2055(g)
|
|
149,625
|
152,859
|
|
Jersey Mike’s Funding LLC, Series 2024-1A,
Class A2, 5.64%, 02/15/2055(g)
|
|
74,438
|
76,074
|
|
JP Morgan Mortgage Trust, Series 2024-
VIS1, Class A1, 5.99%, 07/25/2064(e)(g)
|
|
321,169
|
324,653
|
|
Metronet Infrastructure Issuer LLC,
Series 2025-4A, Class A2, 5.16%,
12/20/2055(g)
|
|
160,000
|
161,678
|
|
Morgan Stanley Bank of America Merrill
Lynch Trust, Series 2025-5C2, Class B,
5.69%, 11/15/2058(e)
|
|
1,671,000
|
1,708,525
|
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(e)(g)
|
|
122,225
|
123,931
|
|
Series 2025-NQM8, Class A1, 4.96%,
09/25/2070(e)(g)
|
|
767,059
|
770,733
|
|
Neuberger Berman Loan Advisers CLO 38
Ltd. (Cayman Islands), Series 2020-38A,
Class AR2, 4.63% (3 mo. Term SOFR +
0.96%), 10/20/2036(d)(g)
|
|
250,000
|
250,176
|
|
New Residential Mortgage Loan Trust,
Series 2025-NQM2, Class A1, 5.57%,
04/25/2065(g)
|
|
548,800
|
556,925
|
|
NextGear Floorplan Master Owner Trust,
Series 2025-2A, Class A2, 4.23%,
10/15/2030(g)
|
|
240,000
|
241,099
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1, 4.66%
(3 mo. Term SOFR + 0.95%),
01/15/2034(d)(g)
|
|
1,000,000
|
1,000,334
|
|
RCKT Mortgage Trust
|
|
|
|
|
Series 2025-CES6, Class A1A, 5.47%,
06/25/2055(g)
|
|
127,139
|
128,655
|
|
Series 2026-CES1, Class A1A, 4.83%,
01/25/2056(g)
|
|
185,000
|
185,186
|
|
RR 16 Ltd. (Cayman Islands), Series 2021-
16A, Class A1R, 4.72% (3 mo. Term SOFR
+ 1.05%), 07/15/2036(d)(g)
|
|
800,000
|
800,512
|
|
SHRN Trust, Series 2025-MF18, Class C,
5.38% (1 mo. Term SOFR + 1.70%),
10/15/2040(d)(g)
|
|
500,000
|
502,403
|
|
Sonic Capital LLC, Series 2020-1A,
Class A2I, 3.85%, 01/20/2050(g)
|
|
614,792
|
609,393
|
|
Switch ABS Issuer LLC, Series 2025-2A,
Class A21, 5.12%, 10/25/2055(g)
|
|
760,000
|
758,828
|
|
Symphony CLO XXIV Ltd. (Cayman Islands),
Series 2020-24A, Class A1R, 4.80% (3
mo. Term SOFR + 1.13%),
10/23/2035(d)(g)
|
|
200,000
|
200,170
|
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.67% (3 mo. Term SOFR +
1.00%), 04/20/2034(d)(g)
|
|
855,000
|
856,539
|
|
Vantage Data Centers Issuer LLC,
Series 2025-2A, Class A2, 5.24%,
11/15/2055(g)
|
|
700,000
|
695,941
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.23%,
07/13/2044(e)(g)
|
$
|
50,000
|
$50,562
|
|
Series 2025-AZ, Class B, 5.48%,
07/13/2044(e)(g)
|
|
150,000
|
151,882
|
|
Voya CLO Ltd. (Cayman Islands),
Series 2021-1A, Class AR, 4.67% (3 mo.
Term SOFR + 1.00%), 07/15/2034(d)(g)
|
|
350,000
|
350,131
|
|
WEST Trust, Series 2025-ROSE, Class A,
5.28%, 04/10/2035(e)(g)
|
|
150,000
|
152,418
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.74% (3 mo. Term SOFR +
1.07%), 01/20/2035(d)(g)
|
|
300,000
|
300,560
|
|
Zayo Issuer LLC, Series 2025-2A, Class A2,
5.95%, 06/20/2055(g)
|
|
650,000
|
668,337
|
|
Total Asset-Backed Securities
(Cost $35,895,280)
|
35,977,003
|
||
|
|
|||
|
Agency Credit Risk Transfer Notes-0.26%
|
|||
|
Freddie Mac, Series 2025-DNA4, Class A1,
STACR®, 4.60% (30 Day Average SOFR +
0.90%), 10/25/2045(d)(g)(l)
(Cost $488,125)
|
|
488,125
|
488,556
|
|
|
Shares
|
|
|
|
Money Market Funds-10.02%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(m)(n)
(Cost $18,570,802)
|
|
18,570,802
|
18,570,802
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-127.61%
(Cost $236,782,517)
|
236,474,803
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.38%
|
|||
|
Invesco Private Government Fund,
3.65%(m)(n)(o)
|
|
201,437
|
$201,437
|
|
Invesco Private Prime Fund, 3.80%(m)(n)(o)
|
|
512,724
|
512,878
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $714,315)
|
714,315
|
||
|
TOTAL INVESTMENTS IN SECURITIES-127.99%
(Cost $237,496,832)
|
237,189,118
|
||
|
OTHER ASSETS LESS LIABILITIES-(27.99)%
|
(51,874,471
)
|
||
|
NET ASSETS-100.00%
|
$185,314,647
|
||
|
Investment Abbreviations:
|
|
|
Ctfs.
|
-Certificates
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
TBA
|
-To Be Announced
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(c)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(e)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate
shown is the rate in effect on January 31, 2026.
|
|
(f)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(g)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $50,618,987, which represented 27.32% of the Fund’s Net Assets.
|
|
(h)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(i)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(j)
|
Perpetual bond with no specified maturity date.
|
|
(k)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(l)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(m)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$35,553,401
|
$124,332,799
|
$(141,315,398
)
|
$-
|
$-
|
$18,570,802
|
$208,972
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
459,793
|
1,147,302
|
(1,405,658
)
|
-
|
-
|
201,437
|
1,989
*
|
|
Invesco Private Prime
Fund
|
1,314,677
|
1,917,993
|
(2,719,793
)
|
22
|
(21
)
|
512,878
|
5,556
*
|
|
Total
|
$37,327,871
|
$127,398,094
|
$(145,440,849
)
|
$22
|
$(21
)
|
$19,285,117
|
$216,517
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(n)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(o)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts(a)
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
107
|
March-2026
|
$22,308,664
|
$(19,621
)
|
$(19,621
)
|
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 5 Year Notes
|
58
|
March-2026
|
(6,317,922
)
|
6,638
|
6,638
|
|
U.S. Treasury 10 Year Notes
|
66
|
March-2026
|
(7,380,656
)
|
40,177
|
40,177
|
|
U.S. Treasury 10 Year Ultra Notes
|
8
|
March-2026
|
(913,250
)
|
3,000
|
3,000
|
|
U.S. Treasury Long Bonds
|
4
|
March-2026
|
(460,500
)
|
(4,000
)
|
(4,000
)
|
|
U.S. Treasury Ultra Bonds
|
11
|
March-2026
|
(1,291,813
)
|
2,406
|
2,406
|
|
Subtotal—Short Futures Contracts
|
|
|
|
48,221
|
48,221
|
|
Total Futures Contracts
|
$28,600
|
$28,600
|
|||
|
(a)
|
Futures contracts collateralized by $14,900 cash held with Morgan Stanley & Co. LLC,
the futures commission merchant.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.69%
|
|||
|
Advertising-0.07%
|
|||
|
Informa PLC (United Kingdom)
|
|
8,939
|
$108,182
|
|
Aerospace & Defense-0.20%
|
|||
|
Aselsan Elektronik Sanayi Ve Ticaret A.S.
(Turkey)
|
|
10,452
|
73,128
|
|
Howmet Aerospace, Inc.
|
|
1,169
|
243,245
|
|
|
|
|
316,373
|
|
Agricultural Products & Services-0.16%
|
|||
|
Archer-Daniels-Midland Co.
|
|
3,671
|
247,095
|
|
Air Freight & Logistics-0.71%
|
|||
|
Deutsche Post AG (Germany)
|
|
4,934
|
276,952
|
|
FedEx Corp.
|
|
1,378
|
444,061
|
|
Nippon Express Holdings, Inc., Class H (Japan)
|
|
7,375
|
168,063
|
|
United Parcel Service, Inc., Class B
|
|
2,103
|
223,381
|
|
|
|
|
1,112,457
|
|
Airport Services-0.31%
|
|||
|
Aena S.M.E. S.A. (Spain)(b)
|
|
12,099
|
377,129
|
|
Grupo Aeroportuario del Sureste S.A.B. de
C.V., ADR (Mexico)
|
|
302
|
104,229
|
|
|
|
|
481,358
|
|
Apparel Retail-0.89%
|
|||
|
Fast Retailing Co. Ltd. (Japan)
|
|
300
|
114,831
|
|
Industria de Diseno Textil S.A. (Spain)
|
|
2,822
|
184,294
|
|
Ross Stores, Inc.
|
|
1,847
|
348,436
|
|
TJX Cos., Inc. (The)
|
|
5,028
|
753,245
|
|
|
|
|
1,400,806
|
|
Apparel, Accessories & Luxury Goods-0.83%
|
|||
|
adidas AG (Germany)
|
|
545
|
96,981
|
|
ANTA Sports Products Ltd. (China)
|
|
8,105
|
80,993
|
|
Hermes International S.C.A. (France)
|
|
43
|
103,833
|
|
Kering S.A. (France)
|
|
521
|
163,235
|
|
LVMH Moet Hennessy Louis Vuitton SE
(France)
|
|
656
|
424,922
|
|
Ralph Lauren Corp.
|
|
927
|
327,611
|
|
Tapestry, Inc.
|
|
840
|
106,605
|
|
|
|
|
1,304,180
|
|
Application Software-1.64%
|
|||
|
Adobe, Inc.(c)
|
|
1,176
|
344,862
|
|
Atlassian Corp., Class A(c)
|
|
1,539
|
181,879
|
|
Autodesk, Inc.(c)
|
|
818
|
206,848
|
|
DocuSign, Inc.(c)
|
|
3,249
|
170,702
|
|
Intuit, Inc.
|
|
689
|
343,755
|
|
Palantir Technologies, Inc., Class A(c)
|
|
3,142
|
460,586
|
|
Salesforce, Inc.
|
|
1,882
|
399,530
|
|
Synopsys, Inc.(c)
|
|
218
|
101,395
|
|
Workday, Inc., Class A(c)
|
|
586
|
102,919
|
|
Zoom Communications, Inc., Class A(c)
|
|
2,808
|
258,617
|
|
|
|
|
2,571,093
|
|
Asset Management & Custody Banks-1.23%
|
|||
|
Ameriprise Financial, Inc.
|
|
288
|
151,831
|
|
Bank of New York Mellon Corp. (The)
|
|
6,571
|
787,994
|
|
Brookfield Corp. (Canada)
|
|
3,237
|
148,374
|
|
Northern Trust Corp.
|
|
1,743
|
260,456
|
|
St. James’s Place PLC (United Kingdom)
|
|
5,854
|
122,611
|
|
State Street Corp.
|
|
3,532
|
462,198
|
|
|
|
|
1,933,464
|
|
|
Shares
|
Value
|
|
|
Automobile Manufacturers-1.84%
|
|||
|
Ford Motor Co.
|
|
14,125
|
$196,055
|
|
Geely Automobile Holdings Ltd. (China)
|
|
79,478
|
163,655
|
|
General Motors Co.
|
|
3,736
|
313,824
|
|
Kia Corp. (South Korea)
|
|
1,475
|
156,945
|
|
Subaru Corp. (Japan)
|
|
5,122
|
110,316
|
|
Tesla, Inc.(c)
|
|
4,222
|
1,817,191
|
|
Toyota Motor Corp. (Japan)
|
|
5,668
|
128,885
|
|
|
|
|
2,886,871
|
|
Automotive Parts & Equipment-0.35%
|
|||
|
Aisin Corp. (Japan)
|
|
7,694
|
138,285
|
|
Aptiv PLC(c)
|
|
1,605
|
121,579
|
|
Hyundai Mobis Co. Ltd. (South Korea)
|
|
427
|
133,419
|
|
Sumitomo Electric Industries Ltd. (Japan)
|
|
3,400
|
149,333
|
|
|
|
|
542,616
|
|
Automotive Retail-0.09%
|
|||
|
O’Reilly Automotive, Inc.(c)
|
|
1,379
|
135,707
|
|
Biotechnology-1.35%
|
|||
|
AbbVie, Inc.
|
|
3,432
|
765,370
|
|
Amgen, Inc.
|
|
1,721
|
588,376
|
|
Biogen, Inc.(c)
|
|
602
|
108,294
|
|
Gilead Sciences, Inc.
|
|
3,139
|
445,581
|
|
Incyte Corp.(c)
|
|
2,063
|
206,444
|
|
|
|
|
2,114,065
|
|
Brewers-0.25%
|
|||
|
Anheuser-Busch InBev S.A./N.V. (Belgium)
|
|
3,034
|
219,189
|
|
Asahi Group Holdings Ltd. (Japan)
|
|
7,412
|
77,847
|
|
Heineken N.V. (Netherlands)
|
|
1,179
|
97,679
|
|
|
|
|
394,715
|
|
Broadline Retail-3.36%
|
|||
|
Alibaba Group Holding Ltd. (China)
|
|
24,608
|
523,661
|
|
Amazon.com, Inc.(c)
|
|
16,437
|
3,933,374
|
|
eBay, Inc.
|
|
2,984
|
272,201
|
|
Naspers Ltd. (South Africa)
|
|
2,668
|
164,533
|
|
Prosus N.V. (Netherlands)(c)
|
|
3,016
|
174,053
|
|
Wesfarmers Ltd. (Australia)
|
|
3,304
|
191,746
|
|
|
|
|
5,259,568
|
|
Building Products-0.73%
|
|||
|
Allegion PLC
|
|
1,492
|
246,762
|
|
Carlisle Cos., Inc.
|
|
233
|
79,427
|
|
Daikin Industries Ltd. (Japan)
|
|
900
|
108,197
|
|
Johnson Controls International PLC
|
|
2,845
|
339,295
|
|
Trane Technologies PLC
|
|
864
|
363,381
|
|
|
|
|
1,137,062
|
|
Cable & Satellite-0.20%
|
|||
|
Comcast Corp., Class A
|
|
10,508
|
312,613
|
|
Commodity Chemicals-0.08%
|
|||
|
Orica Ltd. (Australia)
|
|
7,266
|
130,219
|
|
Communications Equipment-1.01%
|
|||
|
Arista Networks, Inc.(c)
|
|
2,046
|
290,000
|
|
Ciena Corp.(c)
|
|
1,103
|
277,747
|
|
Cisco Systems, Inc.
|
|
9,545
|
747,564
|
|
Nokia OYJ (Finland)
|
|
23,081
|
149,202
|
|
Telefonaktiebolaget LM Ericsson, Class B
(Sweden)
|
|
10,856
|
118,306
|
|
|
|
|
1,582,819
|
|
Computer & Electronics Retail-0.12%
|
|||
|
Best Buy Co., Inc.
|
|
2,802
|
182,410
|
|
|
Shares
|
Value
|
|
|
Construction & Engineering-2.26%
|
|||
|
ACS Actividades de Construccion y Servicios
S.A. (Spain)
|
|
4,919
|
$553,896
|
|
AECOM
|
|
1,662
|
160,267
|
|
AtkinsRealis Group, Inc. (Canada)
|
|
1,422
|
100,348
|
|
Bouygues S.A. (France)
|
|
8,457
|
458,792
|
|
Eiffage S.A. (France)
|
|
2,420
|
360,206
|
|
EMCOR Group, Inc.
|
|
389
|
280,364
|
|
Ferrovial SE
|
|
2,033
|
137,817
|
|
Gamuda Bhd. (Malaysia)
|
|
81,232
|
91,332
|
|
HOCHTIEF AG (Germany)
|
|
322
|
135,519
|
|
Shimizu Corp. (Japan)
|
|
14,017
|
249,734
|
|
Skanska AB, Class B (Sweden)
|
|
4,066
|
124,264
|
|
Stantec, Inc. (Canada)
|
|
886
|
88,289
|
|
United Integrated Services Co. Ltd. (Taiwan)
|
|
3,641
|
103,827
|
|
Vinci S.A. (France)
|
|
3,763
|
543,025
|
|
WSP Global, Inc. (Canada)
|
|
777
|
151,039
|
|
|
|
|
3,538,719
|
|
Construction Machinery & Heavy Transportation Equipment-0.75%
|
|||
|
Cummins, Inc.
|
|
748
|
432,957
|
|
HD Hyundai Heavy Industries Co. Ltd. (South
Korea)
|
|
261
|
103,886
|
|
HD Korea Shipbuilding & Offshore Engineering
Co. Ltd. (South Korea)
|
|
402
|
115,146
|
|
KION Group AG (Germany)
|
|
1,538
|
109,031
|
|
Komatsu Ltd. (Japan)
|
|
3,931
|
150,948
|
|
Samsung Heavy Industries Co. Ltd. (South
Korea)(c)
|
|
5,276
|
107,531
|
|
Weichai Power Co. Ltd., H Shares (China)
|
|
47,589
|
161,359
|
|
|
|
|
1,180,858
|
|
Construction Materials-0.12%
|
|||
|
CRH PLC
|
|
1,539
|
188,389
|
|
Consumer Electronics-0.28%
|
|||
|
Panasonic Holdings Corp. (Japan)
|
|
12,509
|
172,063
|
|
Sony Group Corp. (Japan)
|
|
11,688
|
258,531
|
|
|
|
|
430,594
|
|
Consumer Finance-0.25%
|
|||
|
American Express Co.
|
|
1,091
|
384,218
|
|
Consumer Staples Merchandise Retail-0.91%
|
|||
|
Carrefour S.A. (France)
|
|
6,597
|
108,445
|
|
Dollar Tree, Inc.(c)
|
|
2,169
|
255,053
|
|
Wal-Mart de Mexico S.A.B. de C.V., Series V
(Mexico)
|
|
55,927
|
178,804
|
|
Walmart, Inc.
|
|
7,463
|
889,142
|
|
|
|
|
1,431,444
|
|
Copper-0.18%
|
|||
|
Freeport-McMoRan, Inc.
|
|
1,809
|
108,956
|
|
Southern Copper Corp. (Mexico)
|
|
923
|
175,665
|
|
|
|
|
284,621
|
|
Data Processing & Outsourced Services-0.16%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
769
|
151,578
|
|
SS&C Technologies Holdings, Inc.
|
|
1,272
|
104,164
|
|
|
|
|
255,742
|
|
Diversified Banks-8.81%
|
|||
|
ABN AMRO Bank N.V., CVA (Netherlands)(b)
|
|
3,142
|
116,182
|
|
Absa Group Ltd. (South Africa)
|
|
9,693
|
153,845
|
|
AIB Group PLC (Ireland)(c)
|
|
9,673
|
108,518
|
|
ANZ Group Holdings Ltd. (Australia)
|
|
4,440
|
113,636
|
|
Banco Bilbao Vizcaya Argentaria S.A. (Spain)
|
|
10,667
|
271,750
|
|
|
Shares
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Banco Bradesco S.A., ADR (Brazil)
|
|
31,393
|
$127,142
|
|
Banco Santander S.A. (Spain)
|
|
46,438
|
595,075
|
|
Bank of America Corp.
|
|
20,049
|
1,066,607
|
|
Bank of China Ltd., H Shares (China)
|
|
156,956
|
93,760
|
|
Bank of Montreal (Canada)
|
|
811
|
111,018
|
|
Bank Polska Kasa Opieki S.A. (Poland)
|
|
1,732
|
105,833
|
|
Barclays PLC (United Kingdom)
|
|
41,105
|
275,120
|
|
BOC Hong Kong (Holdings) Ltd. (China)
|
|
15,227
|
80,210
|
|
CaixaBank S.A. (Spain)
|
|
6,163
|
81,648
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
2,282
|
212,064
|
|
Citigroup, Inc.
|
|
9,883
|
1,143,562
|
|
CTBC Financial Holding Co. Ltd. (Taiwan)
|
|
61,297
|
98,758
|
|
Danske Bank A/S (Denmark)
|
|
3,090
|
158,010
|
|
E.Sun Financial Holding Co. Ltd. (Taiwan)
|
|
98,573
|
104,382
|
|
First Abu Dhabi Bank PJSC (United Arab
Emirates)
|
|
20,433
|
103,524
|
|
First Financial Holding Co. Ltd. (Taiwan)
|
|
155,128
|
141,619
|
|
Grupo Financiero Banorte S.A.B. de C.V.,
Class O (Mexico)
|
|
15,200
|
173,117
|
|
Hana Financial Group, Inc. (South Korea)
|
|
2,542
|
176,623
|
|
HSBC Holdings PLC (United Kingdom)
|
|
24,604
|
435,275
|
|
ICICI Bank Ltd., ADR (India)
|
|
26,223
|
768,072
|
|
Industrial & Commercial Bank of China Ltd., H
Shares (China)
|
|
267,000
|
221,544
|
|
ING Groep N.V. (Netherlands)
|
|
12,969
|
383,855
|
|
Itau Unibanco Holding S.A., ADR (Brazil)
|
|
32,262
|
277,130
|
|
JPMorgan Chase & Co.
|
|
4,558
|
1,394,247
|
|
Jyske Bank A/S (Denmark)
|
|
1,404
|
205,073
|
|
KB Financial Group, Inc. (South Korea)
|
|
1,333
|
124,768
|
|
Lloyds Banking Group PLC (United Kingdom)
|
|
90,216
|
135,095
|
|
Malayan Banking Bhd. (Malaysia)
|
|
41,029
|
122,795
|
|
Mitsubishi UFJ Financial Group, Inc. (Japan)
|
|
8,994
|
163,413
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
3,374
|
146,967
|
|
National Australia Bank Ltd. (Australia)
|
|
4,691
|
141,765
|
|
NatWest Group PLC (United Kingdom)
|
|
26,366
|
241,006
|
|
Nordea Bank Abp (Finland)
|
|
19,140
|
371,134
|
|
Shinhan Financial Group Co. Ltd. (South
Korea)
|
|
3,435
|
200,754
|
|
Standard Chartered PLC (United Kingdom)
|
|
5,223
|
134,019
|
|
Sumitomo Mitsui Financial Group, Inc. (Japan)
|
|
3,472
|
122,577
|
|
Sumitomo Mitsui Trust Group, Inc. (Japan)
|
|
6,778
|
227,111
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
10,274
|
965,528
|
|
U.S. Bancorp
|
|
7,994
|
448,543
|
|
UniCredit S.p.A. (Italy)
|
|
1,088
|
95,159
|
|
Wells Fargo & Co.
|
|
7,020
|
635,240
|
|
Westpac Banking Corp. (Australia)
|
|
4,042
|
109,260
|
|
Woori Financial Group, Inc. (South Korea)
|
|
5,718
|
119,614
|
|
|
|
|
13,801,947
|
|
Diversified Capital Markets-0.45%
|
|||
|
Deutsche Bank AG (Germany)
|
|
8,462
|
335,131
|
|
UBS Group AG (Switzerland)
|
|
7,652
|
363,468
|
|
|
|
|
698,599
|
|
Diversified Chemicals-0.14%
|
|||
|
Mitsubishi Chemical Group Corp. (Japan)
|
|
17,869
|
118,357
|
|
Sumitomo Chemical Co. Ltd. (Japan)
|
|
32,800
|
100,105
|
|
|
|
|
218,462
|
|
Diversified Metals & Mining-0.91%
|
|||
|
Anglo American PLC (South Africa)
|
|
3,091
|
143,731
|
|
BHP Group Ltd. (Australia)
|
|
15,590
|
540,195
|
|
|
Shares
|
Value
|
|
|
Diversified Metals & Mining-(continued)
|
|||
|
CMOC Group Ltd., H Shares (China)
|
|
48,000
|
$134,949
|
|
Grupo Mexico S.A.B. de C.V., Class B (Mexico)
|
|
28,371
|
317,369
|
|
Rio Tinto PLC (Australia)
|
|
1,737
|
158,926
|
|
Saudi Arabian Mining Co. (Saudi Arabia)(c)
|
|
1
|
20
|
|
Teck Resources Ltd., Class B (Canada)
|
|
2,339
|
126,230
|
|
|
|
|
1,421,420
|
|
Diversified Real Estate Activities-0.15%
|
|||
|
Daiwa House Industry Co. Ltd. (Japan)
|
|
2,888
|
98,725
|
|
Mitsubishi Estate Co. Ltd. (Japan)
|
|
5,561
|
142,187
|
|
|
|
|
240,912
|
|
Diversified Support Services-0.41%
|
|||
|
Brambles Ltd. (Australia)
|
|
12,524
|
195,579
|
|
Elis S.A. (France)
|
|
6,460
|
188,243
|
|
ISS A/S (Denmark)
|
|
6,767
|
257,583
|
|
|
|
|
641,405
|
|
Drug Retail-0.06%
|
|||
|
Clicks Group Ltd. (South Africa)
|
|
4,583
|
91,967
|
|
Electric Utilities-1.47%
|
|||
|
Acciona S.A. (Spain)
|
|
494
|
106,554
|
|
American Electric Power Co., Inc.
|
|
888
|
106,360
|
|
CLP Holdings Ltd. (Hong Kong)
|
|
14,000
|
132,376
|
|
Constellation Energy Corp.
|
|
311
|
87,291
|
|
Edison International
|
|
2,781
|
173,201
|
|
Enel S.p.A. (Italy)
|
|
45,241
|
501,661
|
|
Eversource Energy
|
|
1,551
|
107,221
|
|
Exelon Corp.
|
|
4,710
|
210,914
|
|
Iberdrola S.A. (Spain)
|
|
11,147
|
251,525
|
|
Iberdrola S.A., Rts., expiring 03/31/2026
(Spain)(c)
|
|
7,570
|
2,334
|
|
NRG Energy, Inc.
|
|
3,443
|
525,505
|
|
Tenaga Nasional Bhd. (Malaysia)
|
|
29,600
|
104,728
|
|
|
|
|
2,309,670
|
|
Electrical Components & Equipment-0.95%
|
|||
|
ABB Ltd. (Switzerland)
|
|
4,112
|
355,415
|
|
Acuity, Inc.
|
|
380
|
117,511
|
|
Eaton Corp. PLC
|
|
391
|
137,405
|
|
Emerson Electric Co.
|
|
2,028
|
298,035
|
|
NKT A/S (Denmark)(c)
|
|
1,177
|
154,503
|
|
Rockwell Automation, Inc.
|
|
724
|
305,275
|
|
Schneider Electric SE (France)
|
|
409
|
117,686
|
|
|
|
|
1,485,830
|
|
Electronic Components-0.27%
|
|||
|
Delta Electronics, Inc. (Taiwan)
|
|
6,340
|
241,949
|
|
Murata Manufacturing Co. Ltd. (Japan)
|
|
8,900
|
181,395
|
|
|
|
|
423,344
|
|
Electronic Equipment & Instruments-0.39%
|
|||
|
Halma PLC (United Kingdom)
|
|
5,419
|
263,944
|
|
Hexagon AB, Class B (Sweden)
|
|
9,306
|
105,580
|
|
Keysight Technologies, Inc.(c)
|
|
1,143
|
247,265
|
|
|
|
|
616,789
|
|
Electronic Manufacturing Services-0.42%
|
|||
|
Flex Ltd.(c)
|
|
3,976
|
250,647
|
|
Hon Hai Precision Industry Co. Ltd. (Taiwan)
|
|
19,779
|
136,721
|
|
Jabil, Inc.
|
|
1,141
|
270,634
|
|
|
|
|
658,002
|
|
Fertilizers & Agricultural Chemicals-0.44%
|
|||
|
CF Industries Holdings, Inc.
|
|
2,888
|
269,248
|
|
|
Shares
|
Value
|
|
|
Fertilizers & Agricultural Chemicals-(continued)
|
|||
|
Corteva, Inc.
|
|
4,231
|
$308,017
|
|
Yara International ASA (Brazil)
|
|
2,568
|
118,419
|
|
|
|
|
695,684
|
|
Financial Exchanges & Data-0.68%
|
|||
|
Hong Kong Exchanges & Clearing Ltd. (Hong
Kong)
|
|
1,522
|
83,935
|
|
Moody’s Corp.
|
|
189
|
97,441
|
|
Nasdaq, Inc.
|
|
4,533
|
439,203
|
|
S&P Global, Inc.
|
|
648
|
342,008
|
|
Singapore Exchange Ltd. (Singapore)
|
|
7,704
|
107,008
|
|
|
|
|
1,069,595
|
|
Food Retail-0.35%
|
|||
|
Empire Co. Ltd., Class A (Canada)
|
|
2,566
|
84,286
|
|
George Weston Ltd. (Canada)
|
|
1,397
|
97,975
|
|
J Sainsbury PLC (United Kingdom)
|
|
43,323
|
190,370
|
|
Koninklijke Ahold Delhaize N.V. (Netherlands)
|
|
2,245
|
88,098
|
|
Tesco PLC (United Kingdom)
|
|
14,381
|
83,919
|
|
|
|
|
544,648
|
|
Footwear-0.06%
|
|||
|
Asics Corp. (Japan)
|
|
3,868
|
93,415
|
|
Gas Utilities-0.29%
|
|||
|
ENN Energy Holdings Ltd. (China)
|
|
12,700
|
109,365
|
|
Italgas S.p.A. (Italy)
|
|
20,007
|
241,240
|
|
Tokyo Gas Co. Ltd. (Japan)
|
|
2,181
|
97,075
|
|
|
|
|
447,680
|
|
Gold-0.67%
|
|||
|
Agnico Eagle Mines Ltd. (Canada)
|
|
1,691
|
323,228
|
|
Franco-Nevada Corp. (Canada)
|
|
420
|
98,860
|
|
Gold Fields Ltd., ADR (South Africa)
|
|
2,362
|
118,383
|
|
Lundin Gold, Inc. (Canada)
|
|
2,031
|
153,103
|
|
Newmont Corp.
|
|
3,189
|
358,284
|
|
|
|
|
1,051,858
|
|
Health Care Distributors-0.23%
|
|||
|
Cardinal Health, Inc.
|
|
1,707
|
366,800
|
|
Health Care Equipment-0.92%
|
|||
|
Boston Scientific Corp.(c)
|
|
3,178
|
297,238
|
|
Edwards Lifesciences Corp.(c)
|
|
1,210
|
98,445
|
|
Medtronic PLC
|
|
3,271
|
336,782
|
|
Olympus Corp. (Japan)
|
|
9,200
|
110,246
|
|
ResMed, Inc.
|
|
510
|
131,738
|
|
Smith & Nephew PLC (United Kingdom)
|
|
6,281
|
107,354
|
|
Stryker Corp.
|
|
721
|
266,453
|
|
Zimmer Biomet Holdings, Inc.
|
|
997
|
86,809
|
|
|
|
|
1,435,065
|
|
Health Care Facilities-0.28%
|
|||
|
Rede D’Or Sao Luiz S.A. (Brazil)(b)
|
|
23,948
|
193,897
|
|
Universal Health Services, Inc., Class B
|
|
1,214
|
244,329
|
|
|
|
|
438,226
|
|
Health Care Services-0.39%
|
|||
|
Cigna Group (The)
|
|
504
|
138,151
|
|
CVS Health Corp.
|
|
2,924
|
217,897
|
|
Fresenius Medical Care AG (Germany)
|
|
3,218
|
145,397
|
|
Fresenius SE & Co. KGaA (Germany)
|
|
1,924
|
108,015
|
|
|
|
|
609,460
|
|
Health Care Supplies-0.10%
|
|||
|
EssilorLuxottica S.A. (France)
|
|
514
|
157,698
|
|
|
Shares
|
Value
|
|
|
Heavy Electrical Equipment-0.48%
|
|||
|
GE Vernova, Inc.
|
|
400
|
$290,548
|
|
Mitsubishi Electric Corp. (Japan)
|
|
4,813
|
150,951
|
|
Siemens Energy AG, Class A (Germany)(c)
|
|
836
|
142,955
|
|
Vestas Wind Systems A/S (Denmark)
|
|
5,698
|
173,351
|
|
|
|
|
757,805
|
|
Home Improvement Retail-0.49%
|
|||
|
Kingfisher PLC (United Kingdom)
|
|
24,279
|
112,206
|
|
Lowe’s Cos., Inc.
|
|
2,460
|
656,968
|
|
|
|
|
769,174
|
|
Homefurnishing Retail-0.20%
|
|||
|
Williams-Sonoma, Inc.
|
|
1,507
|
308,408
|
|
Hotel & Resort REITs-0.22%
|
|||
|
Host Hotels & Resorts, Inc.
|
|
18,476
|
342,360
|
|
Hotels, Resorts & Cruise Lines-1.54%
|
|||
|
Airbnb, Inc., Class A(c)
|
|
1,546
|
200,006
|
|
Amadeus IT Group S.A. (Spain)
|
|
1,426
|
95,956
|
|
Booking Holdings, Inc.
|
|
163
|
815,300
|
|
Carnival Corp.(c)
|
|
11,418
|
342,768
|
|
Expedia Group, Inc.
|
|
1,945
|
515,114
|
|
H World Group Ltd., ADR (China)
|
|
2,175
|
103,334
|
|
Royal Caribbean Cruises Ltd.
|
|
443
|
143,820
|
|
Trip.com Group Ltd. (China)
|
|
1,300
|
79,813
|
|
TUI AG (Germany)(c)
|
|
10,377
|
111,041
|
|
|
|
|
2,407,152
|
|
Household Products-0.77%
|
|||
|
Colgate-Palmolive Co.
|
|
2,673
|
241,345
|
|
Essity AB, Class B (Sweden)
|
|
6,864
|
204,502
|
|
Procter & Gamble Co. (The)
|
|
3,287
|
498,868
|
|
Reckitt Benckiser Group PLC (United
Kingdom)
|
|
3,204
|
268,069
|
|
|
|
|
1,212,784
|
|
Human Resource & Employment Services-0.07%
|
|||
|
Recruit Holdings Co. Ltd. (Japan)
|
|
2,100
|
110,974
|
|
Independent Power Producers & Energy Traders-0.07%
|
|||
|
AES Corp. (The)
|
|
7,462
|
109,318
|
|
Industrial Conglomerates-0.76%
|
|||
|
CITIC Ltd. (China)
|
|
66,000
|
105,512
|
|
CK Hutchison Holdings Ltd. (Hong Kong)
|
|
25,500
|
205,677
|
|
Hitachi Ltd. (Japan)
|
|
6,992
|
243,410
|
|
PT Astra International Tbk (Indonesia)
|
|
452,500
|
171,575
|
|
Samsung C&T Corp. (South Korea)
|
|
490
|
102,143
|
|
Siemens AG (Germany)
|
|
867
|
263,071
|
|
Smiths Group PLC (United Kingdom)
|
|
3,092
|
106,488
|
|
|
|
|
1,197,876
|
|
Industrial Gases-0.17%
|
|||
|
Linde PLC
|
|
588
|
268,698
|
|
Industrial Machinery & Supplies & Components-1.48%
|
|||
|
Daifuku Co. Ltd. (Japan)
|
|
3,850
|
138,560
|
|
Dover Corp.
|
|
441
|
88,857
|
|
FANUC Corp. (Japan)
|
|
3,933
|
158,440
|
|
GEA Group AG (Germany)
|
|
1,393
|
99,965
|
|
Kone OYJ, Class B (Finland)
|
|
2,548
|
183,776
|
|
Konecranes OYJ (Finland)
|
|
1,178
|
139,227
|
|
Parker-Hannifin Corp.
|
|
668
|
625,141
|
|
Pentair PLC
|
|
1,654
|
174,282
|
|
Sandvik AB (Sweden)
|
|
10,236
|
406,705
|
|
|
Shares
|
Value
|
|
|
Industrial Machinery & Supplies & Components-(continued)
|
|||
|
Schindler Holding AG, PC (Switzerland)
|
|
355
|
$137,508
|
|
Xylem, Inc.
|
|
1,205
|
166,133
|
|
|
|
|
2,318,594
|
|
Industrial REITs-0.12%
|
|||
|
Prologis, Inc.
|
|
1,437
|
187,615
|
|
Insurance Brokers-0.11%
|
|||
|
Willis Towers Watson PLC
|
|
521
|
165,402
|
|
Integrated Oil & Gas-2.44%
|
|||
|
BP PLC
|
|
39,611
|
251,872
|
|
Chevron Corp.
|
|
2,807
|
496,558
|
|
Exxon Mobil Corp.
|
|
8,434
|
1,192,568
|
|
OMV AG (Austria)
|
|
2,459
|
146,614
|
|
Petroleo Brasileiro S.A., Preference Shares
(Brazil)
|
|
65,586
|
473,021
|
|
Saudi Arabian Oil Co. (Saudi Arabia)(b)
|
|
50,188
|
345,004
|
|
Shell PLC (United Kingdom)
|
|
11,852
|
456,884
|
|
Suncor Energy, Inc. (Canada)
|
|
8,760
|
465,574
|
|
|
|
|
3,828,095
|
|
Integrated Telecommunication Services-0.87%
|
|||
|
AT&T, Inc.
|
|
20,663
|
541,577
|
|
Chunghwa Telecom Co. Ltd. (Taiwan)
|
|
26,000
|
110,251
|
|
Deutsche Telekom AG (Germany)
|
|
3,092
|
104,139
|
|
NTT, Inc. (Japan)
|
|
112,800
|
113,718
|
|
Orange S.A. (France)
|
|
6,033
|
112,561
|
|
Telenor ASA (Norway)
|
|
9,301
|
157,260
|
|
Verizon Communications, Inc.
|
|
5,016
|
223,312
|
|
|
|
|
1,362,818
|
|
Interactive Home Entertainment-0.13%
|
|||
|
Electronic Arts, Inc.
|
|
963
|
196,375
|
|
Interactive Media & Services-6.22%
|
|||
|
Alphabet, Inc., Class A
|
|
9,502
|
3,211,676
|
|
Alphabet, Inc., Class C
|
|
8,479
|
2,870,396
|
|
LY Corp. (Japan)
|
|
33,386
|
85,759
|
|
Meta Platforms, Inc., Class A
|
|
3,639
|
2,607,344
|
|
Tencent Holdings Ltd. (China)
|
|
12,631
|
971,140
|
|
|
|
|
9,746,315
|
|
Internet Services & Infrastructure-0.25%
|
|||
|
MongoDB, Inc.(c)
|
|
245
|
90,976
|
|
Okta, Inc.(c)(d)
|
|
1,219
|
102,981
|
|
Shopify, Inc., Class A (Canada)(c)
|
|
1,493
|
196,990
|
|
|
|
|
390,947
|
|
Investment Banking & Brokerage-1.67%
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
1,221
|
1,142,136
|
|
Morgan Stanley
|
|
6,258
|
1,143,962
|
|
Nomura Holdings, Inc. (Japan)
|
|
35,560
|
323,301
|
|
|
|
|
2,609,399
|
|
IT Consulting & Other Services-0.97%
|
|||
|
Accenture PLC, Class A
|
|
913
|
240,704
|
|
Amdocs Ltd.
|
|
1,002
|
82,104
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
1,754
|
143,933
|
|
Infosys Ltd., ADR (India)(d)
|
|
29,252
|
514,250
|
|
International Business Machines Corp.
|
|
1,384
|
424,473
|
|
NEC Corp. (Japan)
|
|
3,180
|
108,150
|
|
|
|
|
1,513,614
|
|
Leisure Products-0.05%
|
|||
|
Bandai Namco Holdings, Inc. (Japan)
|
|
2,996
|
77,994
|
|
|
Shares
|
Value
|
|
|
Life & Health Insurance-1.90%
|
|||
|
Aflac, Inc.
|
|
900
|
$99,855
|
|
Cathay Financial Holding Co. Ltd. (Taiwan)
|
|
44,000
|
104,829
|
|
Dai-ichi Life Holdings, Inc. (Japan)
|
|
11,902
|
105,007
|
|
Discovery Ltd. (South Africa)
|
|
7,565
|
111,103
|
|
Fubon Financial Holding Co. Ltd. (Taiwan)
|
|
35,000
|
100,505
|
|
Great-West Lifeco, Inc. (Canada)
|
|
2,245
|
105,672
|
|
Japan Post Holdings Co. Ltd. (Japan)
|
|
18,611
|
224,669
|
|
Japan Post Insurance Co. Ltd. (Japan)
|
|
4,086
|
126,962
|
|
Legal & General Group PLC (United Kingdom)
|
|
32,036
|
116,648
|
|
MetLife, Inc.
|
|
4,870
|
384,146
|
|
NN Group N.V. (Netherlands)
|
|
1,556
|
123,787
|
|
Phoenix Group Holdings PLC (United
Kingdom)
|
|
10,860
|
110,387
|
|
Ping An Insurance (Group) Co. of China Ltd., H
Shares (China)
|
|
22,338
|
207,257
|
|
Poste Italiane S.p.A. (Italy)(b)
|
|
14,276
|
377,368
|
|
Power Corp. of Canada (Canada)
|
|
3,436
|
174,242
|
|
Principal Financial Group, Inc.
|
|
1,118
|
105,897
|
|
Prudential Financial, Inc.
|
|
2,306
|
256,220
|
|
Prudential PLC (Hong Kong)
|
|
9,051
|
149,089
|
|
|
|
|
2,983,643
|
|
Life Sciences Tools & Services-0.28%
|
|||
|
Illumina, Inc.(c)
|
|
946
|
136,990
|
|
IQVIA Holdings, Inc.(c)
|
|
565
|
130,035
|
|
Thermo Fisher Scientific, Inc.
|
|
307
|
177,633
|
|
|
|
|
444,658
|
|
Managed Health Care-0.15%
|
|||
|
UnitedHealth Group, Inc.
|
|
829
|
237,865
|
|
Marine Ports & Services-0.08%
|
|||
|
International Container Terminal Services, Inc.
(Philippines)
|
|
11,390
|
124,754
|
|
Marine Transportation-0.40%
|
|||
|
A.P. Moller - Maersk A/S, Class B(d)
|
|
70
|
173,729
|
|
Evergreen Marine Corp. Taiwan Ltd. (Taiwan)
|
|
32,253
|
190,493
|
|
Orient Overseas International Ltd. (Hong
Kong)(d)
|
|
9,367
|
153,508
|
|
SITC International Holdings Co. Ltd. (China)
|
|
31,000
|
115,795
|
|
|
|
|
633,525
|
|
Metal, Glass & Plastic Containers-0.36%
|
|||
|
CCL Industries, Inc., Class B (Canada)
|
|
1,603
|
97,140
|
|
Crown Holdings, Inc.
|
|
4,532
|
474,410
|
|
|
|
|
571,550
|
|
Movies & Entertainment-0.76%
|
|||
|
Netflix, Inc.(c)
|
|
6,569
|
548,446
|
|
Walt Disney Co. (The)
|
|
5,713
|
644,426
|
|
|
|
|
1,192,872
|
|
Multi-line Insurance-0.62%
|
|||
|
Allianz SE (Germany)
|
|
684
|
302,273
|
|
Assicurazioni Generali S.p.A. (Italy)
|
|
2,339
|
95,755
|
|
AXA S.A. (France)
|
|
8,813
|
403,323
|
|
Mapfre S.A. (Spain)
|
|
37,493
|
172,181
|
|
|
|
|
973,532
|
|
Multi-Utilities-0.32%
|
|||
|
ENGIE S.A. (France)
|
|
9,012
|
270,042
|
|
National Grid PLC (United Kingdom)
|
|
6,676
|
113,746
|
|
NiSource, Inc.
|
|
2,782
|
123,215
|
|
|
|
|
507,003
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Equipment & Services-0.14%
|
|||
|
Baker Hughes Co., Class A
|
|
2,354
|
$131,918
|
|
Technip Energies N.V. (France)
|
|
2,294
|
90,227
|
|
|
|
|
222,145
|
|
Oil & Gas Exploration & Production-1.11%
|
|||
|
Aker BP ASA (Norway)
|
|
4,709
|
139,077
|
|
ConocoPhillips
|
|
2,627
|
273,812
|
|
Devon Energy Corp.
|
|
8,703
|
349,948
|
|
EOG Resources, Inc.
|
|
3,943
|
442,129
|
|
EQT Corp.
|
|
2,522
|
145,595
|
|
Expand Energy Corp.
|
|
870
|
97,797
|
|
Var Energi ASA (Norway)
|
|
29,431
|
107,965
|
|
Woodside Energy Group Ltd. (Australia)
|
|
10,302
|
182,994
|
|
|
|
|
1,739,317
|
|
Oil & Gas Refining & Marketing-0.56%
|
|||
|
Idemitsu Kosan Co. Ltd. (Japan)
|
|
14,300
|
121,732
|
|
ORLEN S.A. (Poland)
|
|
10,913
|
333,236
|
|
Valero Energy Corp.
|
|
2,297
|
416,745
|
|
|
|
|
871,713
|
|
Oil & Gas Storage & Transportation-0.20%
|
|||
|
Enbridge, Inc. (Canada)
|
|
3,504
|
171,998
|
|
Williams Cos., Inc. (The)
|
|
2,148
|
144,474
|
|
|
|
|
316,472
|
|
Other Specialty Retail-0.08%
|
|||
|
Avolta AG (Switzerland)(c)
|
|
1,984
|
121,937
|
|
Packaged Foods & Meats-0.74%
|
|||
|
Danone S.A. (France)
|
|
2,249
|
176,871
|
|
Nestle S.A. (Switzerland)
|
|
4,722
|
452,360
|
|
Orkla ASA (Norway)
|
|
17,218
|
205,537
|
|
Tyson Foods, Inc., Class A
|
|
3,180
|
207,750
|
|
WH Group Ltd. (Hong Kong)
|
|
98,545
|
116,328
|
|
|
|
|
1,158,846
|
|
Passenger Airlines-0.56%
|
|||
|
ANA Holdings, Inc. (Japan)
|
|
5,500
|
107,128
|
|
China Airlines Ltd. (Taiwan)
|
|
233,664
|
164,380
|
|
Delta Air Lines, Inc.
|
|
1,481
|
97,583
|
|
Eva Airways Corp. (Taiwan)
|
|
80,000
|
94,691
|
|
LATAM Airlines Group S.A. (Chile)
|
|
6,247,512
|
205,208
|
|
United Airlines Holdings, Inc.(c)
|
|
2,028
|
207,505
|
|
|
|
|
876,495
|
|
Passenger Ground Transportation-0.23%
|
|||
|
Uber Technologies, Inc.(c)
|
|
4,411
|
353,101
|
|
Personal Care Products-0.22%
|
|||
|
L’Oreal S.A. (France)
|
|
756
|
348,596
|
|
Pharmaceuticals-4.28%
|
|||
|
Astellas Pharma, Inc. (Japan)
|
|
8,000
|
111,640
|
|
AstraZeneca PLC (United Kingdom)
|
|
1,957
|
365,656
|
|
Bayer AG (Germany)
|
|
2,641
|
140,194
|
|
Bristol-Myers Squibb Co.
|
|
7,896
|
434,675
|
|
Chugai Pharmaceutical Co. Ltd. (Japan)
|
|
2,032
|
116,446
|
|
Eli Lilly and Co.
|
|
1,252
|
1,298,512
|
|
GSK PLC
|
|
13,265
|
344,033
|
|
Johnson & Johnson
|
|
6,017
|
1,367,363
|
|
Merck & Co., Inc.
|
|
3,957
|
436,338
|
|
Novartis AG
|
|
4,690
|
698,565
|
|
Novo Nordisk A/S, Class B (Denmark)
|
|
2,644
|
157,578
|
|
Pfizer, Inc.
|
|
10,366
|
274,077
|
|
Roche Holding AG (Switzerland)
|
|
1,117
|
509,923
|
|
Sanofi S.A.
|
|
1,912
|
181,001
|
|
|
Shares
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
Shionogi & Co. Ltd. (Japan)
|
|
7,694
|
$158,927
|
|
Zoetis, Inc.
|
|
880
|
109,842
|
|
|
|
|
6,704,770
|
|
Precious Metals & Minerals-0.06%
|
|||
|
Valterra Platinum Ltd. (South Africa)
|
|
988
|
89,413
|
|
Property & Casualty Insurance-1.61%
|
|||
|
Allstate Corp. (The)
|
|
2,272
|
452,105
|
|
American International Group, Inc.
|
|
6,381
|
477,809
|
|
Hartford Insurance Group, Inc. (The)
|
|
3,789
|
511,742
|
|
Progressive Corp. (The)
|
|
649
|
134,992
|
|
QBE Insurance Group Ltd. (Australia)
|
|
16,861
|
232,487
|
|
Sompo Holdings, Inc. (Japan)
|
|
3,850
|
133,196
|
|
Travelers Cos., Inc. (The)
|
|
2,044
|
581,539
|
|
|
|
|
2,523,870
|
|
Publishing-0.08%
|
|||
|
New York Times Co. (The), Class A
|
|
1,627
|
119,275
|
|
Rail Transportation-0.83%
|
|||
|
Central Japan Railway Co. (Japan)
|
|
13,418
|
375,550
|
|
East Japan Railway Co. (Japan)
|
|
10,748
|
270,695
|
|
Seibu Holdings, Inc. (Japan)
|
|
5,096
|
135,462
|
|
Tokyu Corp. (Japan)
|
|
8,231
|
93,229
|
|
Union Pacific Corp.
|
|
1,084
|
254,849
|
|
West Japan Railway Co. (Japan)
|
|
8,591
|
176,121
|
|
|
|
|
1,305,906
|
|
Real Estate Services-0.07%
|
|||
|
CBRE Group, Inc., Class A(c)
|
|
665
|
113,269
|
|
Regional Banks-0.26%
|
|||
|
Citizens Financial Group, Inc.
|
|
1,934
|
121,803
|
|
Truist Financial Corp.
|
|
5,502
|
282,913
|
|
|
|
|
404,716
|
|
Research & Consulting Services-0.13%
|
|||
|
TransUnion
|
|
1,004
|
79,336
|
|
Verisk Analytics, Inc.
|
|
582
|
126,562
|
|
|
|
|
205,898
|
|
Restaurants-0.59%
|
|||
|
Aramark
|
|
2,145
|
82,561
|
|
DoorDash, Inc., Class A(c)
|
|
493
|
100,878
|
|
McDonald’s Corp.
|
|
1,715
|
540,225
|
|
Skylark Holdings Co. Ltd. (Japan)
|
|
4,800
|
98,123
|
|
Yum! Brands, Inc.
|
|
613
|
95,321
|
|
|
|
|
917,108
|
|
Retail REITs-0.20%
|
|||
|
Klepierre S.A. (France)
|
|
2,822
|
109,108
|
|
Regency Centers Corp.
|
|
1,323
|
96,407
|
|
Unibail-Rodamco-Westfield (France)
|
|
1,000
|
110,966
|
|
|
|
|
316,481
|
|
Semiconductor Materials & Equipment-2.02%
|
|||
|
Advantest Corp. (Japan)
|
|
918
|
152,317
|
|
Applied Materials, Inc.
|
|
1,448
|
466,719
|
|
ASML Holding N.V. (Netherlands)
|
|
790
|
1,136,896
|
|
KLA Corp.
|
|
342
|
488,355
|
|
Lam Research Corp.
|
|
3,257
|
760,379
|
|
Tokyo Electron Ltd. (Japan)
|
|
597
|
159,592
|
|
|
|
|
3,164,258
|
|
Semiconductors-9.52%
|
|||
|
Analog Devices, Inc.
|
|
1,887
|
586,630
|
|
|
Shares
|
Value
|
|
|
Semiconductors-(continued)
|
|||
|
ASE Technology Holding Co. Ltd. (Taiwan)
|
|
18,719
|
$174,033
|
|
Broadcom, Inc.
|
|
2,464
|
816,323
|
|
Intel Corp.(c)
|
|
4,578
|
212,740
|
|
Marvell Technology, Inc.
|
|
2,492
|
196,669
|
|
MediaTek, Inc. (Taiwan)
|
|
3,220
|
178,615
|
|
Micron Technology, Inc.
|
|
2,727
|
1,131,378
|
|
NVIDIA Corp.
|
|
40,313
|
7,705,024
|
|
QUALCOMM, Inc.
|
|
3,579
|
542,541
|
|
Realtek Semiconductor Corp. (Taiwan)
|
|
7,840
|
119,950
|
|
SK hynix, Inc. (South Korea)
|
|
1,098
|
685,566
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.,
ADR (Taiwan)
|
|
7,367
|
2,435,235
|
|
United Microelectronics Corp. (Taiwan)
|
|
64,337
|
128,015
|
|
|
|
|
14,912,719
|
|
Soft Drinks & Non-alcoholic Beverages-0.47%
|
|||
|
Coca-Cola Co. (The)
|
|
6,338
|
474,146
|
|
PepsiCo, Inc.
|
|
1,690
|
259,635
|
|
|
|
|
733,781
|
|
Specialized Finance-0.10%
|
|||
|
Mitsubishi HC Capital, Inc. (Japan)
|
|
17,866
|
156,421
|
|
Specialty Chemicals-0.13%
|
|||
|
Ecolab, Inc.
|
|
727
|
205,007
|
|
Steel-0.33%
|
|||
|
Fortescue Ltd. (Australia)
|
|
9,191
|
133,897
|
|
Nucor Corp.
|
|
667
|
118,539
|
|
Steel Dynamics, Inc.
|
|
684
|
122,826
|
|
voestalpine AG (Austria)
|
|
2,939
|
140,066
|
|
|
|
|
515,328
|
|
Systems Software-3.80%
|
|||
|
Fortinet, Inc.(c)
|
|
1,427
|
115,958
|
|
Microsoft Corp.
|
|
12,139
|
5,223,291
|
|
Oracle Corp.
|
|
2,252
|
370,634
|
|
Palo Alto Networks, Inc.(c)
|
|
437
|
77,336
|
|
ServiceNow, Inc.(c)
|
|
1,429
|
167,207
|
|
|
|
|
5,954,426
|
|
Technology Distributors-0.07%
|
|||
|
TD SYNNEX Corp.
|
|
660
|
104,722
|
|
Technology Hardware, Storage & Peripherals-5.46%
|
|||
|
Apple, Inc.
|
|
24,904
|
6,462,090
|
|
Catcher Technology Co. Ltd. (Taiwan)
|
|
12,941
|
82,650
|
|
Dell Technologies, Inc., Class C
|
|
749
|
85,716
|
|
King Slide Works Co. Ltd. (Taiwan)
|
|
1,050
|
103,367
|
|
Logitech International S.A., Class R
(Switzerland)
|
|
950
|
82,163
|
|
Pegatron Corp. (Taiwan)
|
|
35,318
|
77,883
|
|
Pure Storage, Inc., Class A(c)
|
|
1,607
|
111,751
|
|
Samsung Electronics Co. Ltd. (South Korea)
|
|
9,226
|
1,019,240
|
|
Seagate Technology Holdings PLC
|
|
355
|
144,730
|
|
Western Digital Corp.
|
|
1,515
|
379,098
|
|
|
|
|
8,548,688
|
|
Trading Companies & Distributors-1.06%
|
|||
|
Fastenal Co.
|
|
2,552
|
110,655
|
|
ITOCHU Corp. (Japan)
|
|
8,600
|
110,459
|
|
Marubeni Corp. (Japan)
|
|
7,481
|
248,785
|
|
Mitsubishi Corp. (Japan)
|
|
14,678
|
391,205
|
|
Mitsui & Co. Ltd. (Japan)
|
|
6,100
|
199,903
|
|
|
Shares
|
Value
|
|
|
Trading Companies & Distributors-(continued)
|
|||
|
Sumitomo Corp. (Japan)
|
|
9,661
|
$393,596
|
|
Toyota Tsusho Corp. (Japan)
|
|
5,670
|
207,166
|
|
|
|
|
1,661,769
|
|
Transaction & Payment Processing Services-1.31%
|
|||
|
Global Payments, Inc.
|
|
1,817
|
130,352
|
|
Mastercard, Inc., Class A
|
|
1,660
|
894,391
|
|
PayPal Holdings, Inc.
|
|
1,377
|
72,554
|
|
Visa, Inc., Class A
|
|
2,975
|
957,444
|
|
|
|
|
2,054,741
|
|
Wireless Telecommunication Services-0.35%
|
|||
|
MTN Group Ltd. (South Africa)
|
|
11,724
|
131,134
|
|
SoftBank Corp. (Japan)
|
|
305,781
|
416,983
|
|
|
|
|
548,117
|
|
Total Common Stocks & Other Equity Interests
(Cost $136,012,066)
|
156,187,158
|
||
|
Preferred Stocks-0.08%
|
|||
|
Technology Hardware, Storage & Peripherals-0.08%
|
|||
|
Samsung Electronics Co. Ltd. (South Korea),
Preference Shares, 0.00%
(Cost $55,701)
|
|
1,434
|
116,155
|
|
Money Market Funds-0.07%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(e)(f)
(Cost $115,210)
|
|
115,210
|
115,210
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.84%
(Cost $136,182,977)
|
156,418,523
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.54%
|
|||
|
Invesco Private Government Fund,
3.65%(e)(f)(g)
|
|
236,309
|
$236,309
|
|
Invesco Private Prime Fund, 3.80%(e)(f)(g)
|
|
613,880
|
614,064
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $850,373)
|
850,373
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.38%
(Cost $137,033,350)
|
157,268,896
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.38)%
|
(602,135
)
|
||
|
NET ASSETS-100.00%
|
$156,666,761
|
||
|
Investment Abbreviations:
|
|
|
ADR
|
-American Depositary Receipt
|
|
CVA
|
-Dutch Certificates
|
|
PC
|
-Participation Certificate
|
|
REIT
|
-Real Estate Investment Trust
|
|
Rts.
|
-Rights
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $1,409,580, which represented less than 1% of the Fund’s Net Assets.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$18,704
|
$1,733,296
|
$(1,636,790
)
|
$-
|
$-
|
$115,210
|
$1,062
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
$-
|
$2,973,592
|
$(2,737,283
)
|
$-
|
$-
|
$236,309
|
$3,643
*
|
|
Invesco Private Prime Fund
|
820,018
|
5,030,069
|
(5,236,022
)
|
5
|
(6
)
|
614,064
|
10,134
*
|
|
Total
|
$838,722
|
$9,736,957
|
$(9,610,095
)
|
$5
|
$(6
)
|
$965,583
|
$14,839
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-97.37%
|
|||
|
Advertising-0.74%
|
|||
|
Advantage Sales & Marketing, Inc., 6.50%,
11/15/2028(b)
|
$
|
126,000
|
$106,952
|
|
Belo Corp., 7.25%, 09/15/2027
|
|
480,000
|
498,809
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
|
7.75% 04/15/2028(b)
|
|
80,000
|
80,071
|
|
7.50% 06/01/2029(b)
|
|
60,000
|
59,416
|
|
Dotdash Meredith, Inc., 7.63%,
06/15/2032(b)
|
|
400,000
|
365,015
|
|
|
|
|
1,110,263
|
|
Aerospace & Defense-0.62%
|
|||
|
Efesto Bidco S.p.A. Efesto US LLC (Italy),
Series XR, 7.50%, 02/15/2032(b)
|
|
200,000
|
204,497
|
|
Moog, Inc., 4.25%, 12/15/2027(b)
|
|
260,000
|
258,794
|
|
TransDigm, Inc.
|
|
|
|
|
6.75% 08/15/2028(b)
|
|
200,000
|
203,616
|
|
6.88% 12/15/2030(b)
|
|
250,000
|
260,550
|
|
|
|
|
927,457
|
|
Agricultural & Farm Machinery-0.17%
|
|||
|
Titan International, Inc., 7.00%,
04/30/2028(c)
|
|
260,000
|
261,287
|
|
Air Freight & Logistics-0.69%
|
|||
|
Clue Opco LLC, 9.50%, 10/15/2031(b)(c)
|
|
86,000
|
91,427
|
|
Global Infrastructure Solutions, Inc., 7.50%,
04/15/2032(b)
|
|
240,000
|
257,252
|
|
Rand Parent LLC, 8.50%, 02/15/2030(b)(c)
|
|
528,000
|
552,088
|
|
Star Leasing Co. LLC, 7.63%,
02/15/2030(b)
|
|
140,000
|
134,102
|
|
|
|
|
1,034,869
|
|
Alternative Carriers-0.22%
|
|||
|
Windstream Services LLC/Windstream
Escrow Finance Corp., 8.25%,
10/01/2031(b)
|
|
320,000
|
335,405
|
|
Apparel Retail-0.34%
|
|||
|
Gap, Inc. (The), 3.88%, 10/01/2031(b)
|
|
159,000
|
147,524
|
|
Victoria’s Secret & Co., 4.63%,
07/15/2029(b)(c)
|
|
300,000
|
293,545
|
|
William Carter Co. (The), 7.38%,
02/15/2031(b)
|
|
75,000
|
77,630
|
|
|
|
|
518,699
|
|
Apparel, Accessories & Luxury Goods-0.39%
|
|||
|
V.F. Corp., 6.45%, 11/01/2037
|
|
300,000
|
291,238
|
|
VF Corp., 2.95%, 04/23/2030(c)
|
|
320,000
|
292,179
|
|
|
|
|
583,417
|
|
Application Software-1.47%
|
|||
|
Cloud Software Group, Inc.
|
|
|
|
|
6.50% 03/31/2029(b)
|
|
400,000
|
397,913
|
|
9.00% 09/30/2029(b)
|
|
180,000
|
181,971
|
|
8.25% 06/30/2032(b)
|
|
75,000
|
76,358
|
|
6.63% 08/15/2033(b)(c)
|
|
500,000
|
479,808
|
|
Fair Isaac Corp., 4.00%, 06/15/2028(b)
|
|
240,000
|
236,192
|
|
NCR Voyix Corp., 5.00%, 10/01/2028(b)
|
|
300,000
|
296,417
|
|
Open Text Corp. (Canada), 3.88%,
02/15/2028(b)
|
|
200,000
|
193,741
|
|
|
Principal
Amount
|
Value
|
|
|
Application Software-(continued)
|
|||
|
Open Text Holdings, Inc. (Canada), 4.13%,
02/15/2030(b)
|
$
|
140,000
|
$130,178
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
220,000
|
219,939
|
|
|
|
|
2,212,517
|
|
Asset Management & Custody Banks-0.49%
|
|||
|
BlackRock TCP Capital Corp., 6.95%,
05/30/2029
|
|
200,000
|
198,154
|
|
Prospect Capital Corp.
|
|
|
|
|
3.36% 11/15/2026(c)
|
|
200,000
|
195,742
|
|
3.44% 10/15/2028(c)
|
|
390,000
|
347,089
|
|
|
|
|
740,985
|
|
Automobile Manufacturers-1.83%
|
|||
|
Allison Transmission, Inc., 4.75%,
10/01/2027(b)
|
|
450,000
|
450,212
|
|
Global Auto Holdings Ltd./AAG FH UK Ltd.
(United Kingdom), 8.75%,
01/15/2032(b)(c)
|
|
400,000
|
386,630
|
|
Nissan Motor Acceptance Corp., 2.75%,
03/09/2028(b)
|
|
220,000
|
209,845
|
|
Nissan Motor Co. Ltd. (Japan)
|
|
|
|
|
4.35% 09/17/2027(b)
|
|
500,000
|
495,005
|
|
7.50% 07/17/2030(b)(c)
|
|
300,000
|
315,262
|
|
4.81% 09/17/2030(b)(c)
|
|
400,000
|
377,978
|
|
Winnebago Industries, Inc., 6.25%,
07/15/2028(b)
|
|
520,000
|
521,544
|
|
|
|
|
2,756,476
|
|
Automotive Parts & Equipment-2.60%
|
|||
|
Adient Global Holdings Ltd., 7.00%,
04/15/2028(b)
|
|
440,000
|
450,272
|
|
American Axle & Manufacturing, Inc.
|
|
|
|
|
6.38% 10/15/2032(b)
|
|
250,000
|
255,191
|
|
7.75% 10/15/2033(b)
|
|
100,000
|
102,927
|
|
ANGI Group LLC, 3.88%, 08/15/2028(b)
|
|
173,000
|
158,433
|
|
Avis Budget Car Rental LLC/Avis Budget
Finance, Inc.
|
|
|
|
|
5.75% 07/15/2027(b)
|
|
220,000
|
221,144
|
|
4.75% 04/01/2028(b)
|
|
240,000
|
235,105
|
|
Forvia SE (France), 8.00%, 06/15/2030(b)(c)
|
|
400,000
|
427,240
|
|
IHO Verwaltungs GmbH (Germany), 7.75%
PIK, 1.00% Cash 7.75%,
11/15/2030(b)(d)
|
|
400,000
|
420,839
|
|
Kronos Acquisition Holdings, Inc. (Canada),
8.25%, 06/30/2031(b)
|
|
80,000
|
56,500
|
|
Tenneco, Inc., 8.00%, 11/17/2028(b)
|
|
400,000
|
402,580
|
|
United Rentals (North America), Inc., 3.88%,
11/15/2027
|
|
274,000
|
271,860
|
|
ZF North America Capital, Inc. (Germany)
|
|
|
|
|
6.88% 04/14/2028(b)(c)
|
|
300,000
|
309,929
|
|
7.13% 04/14/2030(b)
|
|
600,000
|
614,562
|
|
|
|
|
3,926,582
|
|
Automotive Retail-1.15%
|
|||
|
Advance Auto Parts, Inc.
|
|
|
|
|
5.95% 03/09/2028
|
|
360,000
|
368,724
|
|
7.00% 08/01/2030(b)(c)
|
|
475,000
|
483,369
|
|
3.50% 03/15/2032
|
|
100,000
|
86,481
|
|
Ken Garff Automotive LLC, 4.88%,
09/15/2028(b)
|
|
320,000
|
318,153
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Retail-(continued)
|
|||
|
Sonic Automotive, Inc., 4.63%,
11/15/2029(b)
|
$
|
45,000
|
$44,264
|
|
Velocity Vehicle Group LLC, 8.00%,
06/01/2029(b)(c)
|
|
450,000
|
440,823
|
|
|
|
|
1,741,814
|
|
Broadcasting-1.44%
|
|||
|
AMC Networks, Inc., 10.25%,
01/15/2029(b)
|
|
400,000
|
417,379
|
|
Gray Media, Inc.
|
|
|
|
|
10.50% 07/15/2029(b)(c)
|
|
188,000
|
202,031
|
|
5.38% 11/15/2031(b)
|
|
50,000
|
37,186
|
|
iHeartCommunications, Inc.
|
|
|
|
|
5.25% 08/15/2027(b)
|
|
100,000
|
95,500
|
|
4.75% 01/15/2028(b)
|
|
50,000
|
45,539
|
|
9.13% 05/01/2029(b)
|
|
80,000
|
75,668
|
|
Paramount Global
|
|
|
|
|
6.25% 02/28/2057(e)
|
|
370,000
|
336,561
|
|
6.38% 03/30/2062(c)(e)
|
|
380,000
|
358,302
|
|
Univision Communications, Inc., 8.50%,
07/31/2031(b)
|
|
200,000
|
208,690
|
|
Urban One, Inc., 7.63%, 04/01/2031(b)
|
|
41,000
|
18,421
|
|
Ziggo Bond Co. B.V. (Netherlands), 5.13%,
02/28/2030(b)(c)
|
|
420,000
|
369,358
|
|
|
|
|
2,164,635
|
|
Broadline Retail-2.42%
|
|||
|
Go Daddy Operating Co. LLC/GD Finance Co.,
Inc., 3.50%, 03/01/2029(b)
|
|
100,000
|
95,085
|
|
Kohl’s Corp., 10.00%, 06/01/2030(b)
|
|
240,000
|
263,160
|
|
Macy’s Retail Holdings LLC
|
|
|
|
|
5.88% 03/15/2030(b)
|
|
58,000
|
58,656
|
|
6.13% 03/15/2032(b)
|
|
230,000
|
232,663
|
|
6.70% 07/15/2034(b)
|
|
737,000
|
718,142
|
|
Nordstrom, Inc.
|
|
|
|
|
4.00% 03/15/2027
|
|
399,000
|
396,240
|
|
6.95% 03/15/2028
|
|
384,000
|
397,730
|
|
4.38% 04/01/2030
|
|
79,000
|
75,498
|
|
4.25% 08/01/2031
|
|
450,000
|
416,553
|
|
QVC, Inc., 4.38%, 09/01/2028
|
|
50,000
|
22,125
|
|
Rakuten Group, Inc. (Japan)
|
|
|
|
|
11.25% 02/15/2027(b)
|
|
200,000
|
213,231
|
|
9.75% 04/15/2029(b)
|
|
680,000
|
762,452
|
|
|
|
|
3,651,535
|
|
Building Products-3.02%
|
|||
|
Adams Homes, Inc., 9.25%, 10/15/2028(b)
|
|
206,000
|
215,708
|
|
Builders FirstSource, Inc.
|
|
|
|
|
4.25% 02/01/2032(b)
|
|
140,000
|
133,553
|
|
6.75% 05/15/2035(b)
|
|
300,000
|
315,564
|
|
Griffon Corp., 5.75%, 03/01/2028
|
|
640,000
|
640,145
|
|
James Hardie International Finance DAC,
5.00%, 01/15/2028(b)
|
|
620,000
|
619,642
|
|
JELD-WEN, Inc., 4.88%, 12/15/2027(b)
|
|
360,000
|
316,669
|
|
LBM Acquisition LLC, 9.50%, 06/15/2031(b)
|
|
450,000
|
474,466
|
|
MasterBrand, Inc., 7.00%, 07/15/2032(b)
|
|
420,000
|
435,893
|
|
Park River Holdings, Inc., 8.00%,
03/15/2031(b)
|
|
100,000
|
103,119
|
|
Specialty Building Products Holdings LLC/
SBP Finance Corp., 7.75%,
10/15/2029(b)(c)
|
|
450,000
|
448,848
|
|
|
Principal
Amount
|
Value
|
|
|
Building Products-(continued)
|
|||
|
Standard Industries, Inc.
|
|
|
|
|
4.75% 01/15/2028(b)
|
$
|
250,000
|
$248,834
|
|
4.38% 07/15/2030(b)
|
|
108,000
|
104,240
|
|
3.38% 01/15/2031(b)
|
|
261,000
|
241,035
|
|
STL Holding Co. LLC, 8.75%, 02/15/2029(b)
|
|
240,000
|
253,286
|
|
|
|
|
4,551,002
|
|
Cable & Satellite-5.14%
|
|||
|
Altice Financing S.A. (Luxembourg), 5.75%,
08/15/2029(b)
|
|
200,000
|
144,085
|
|
Cable One, Inc., 4.00%, 11/15/2030(b)(c)
|
|
520,000
|
378,921
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
|
5.13% 05/01/2027(b)
|
|
509,000
|
509,448
|
|
5.00% 02/01/2028(b)
|
|
420,000
|
417,887
|
|
4.50% 05/01/2032
|
|
245,000
|
220,073
|
|
4.50% 06/01/2033(b)(c)
|
|
260,000
|
227,710
|
|
4.25% 01/15/2034(b)
|
|
100,000
|
84,567
|
|
CSC Holdings LLC
|
|
|
|
|
5.75% 01/15/2030(b)
|
|
300,000
|
118,173
|
|
4.13% 12/01/2030(b)
|
|
400,000
|
242,906
|
|
4.63% 12/01/2030(b)
|
|
200,000
|
74,788
|
|
4.50% 11/15/2031(b)
|
|
450,000
|
273,397
|
|
Directv Financing LLC, 8.88%,
02/01/2030(b)(c)
|
|
350,000
|
354,851
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc.
|
|
|
|
|
5.88% 08/15/2027(b)
|
|
256,000
|
257,379
|
|
10.00% 02/15/2031(b)
|
|
500,000
|
515,444
|
|
DISH DBS Corp.
|
|
|
|
|
5.25% 12/01/2026(b)
|
|
159,000
|
154,644
|
|
5.75% 12/01/2028(b)
|
|
210,000
|
203,394
|
|
DISH Network Corp., 11.75%,
11/15/2027(b)
|
|
587,000
|
607,820
|
|
EchoStar Corp.
|
|
|
|
|
10.75% 11/30/2029
|
|
300,000
|
329,029
|
|
6.75% PIK Rate, 2.00% Cash Rate,
11/30/2030(d)
|
|
180,000
|
183,418
|
|
Radiate Holdco LLC/Radiate Finance, Inc.,
9.25% PIK, 1.00% Cash 9.25%,
03/25/2030(b)(d)
|
|
33,424
|
23,815
|
|
Sirius XM Radio LLC
|
|
|
|
|
5.00% 08/01/2027(b)
|
|
250,000
|
249,707
|
|
4.00% 07/15/2028(b)
|
|
320,000
|
312,753
|
|
Telenet Finance Luxembourg Notes S.a.r.l.
(Belgium), 5.50%, 03/01/2028(b)
|
|
600,000
|
599,994
|
|
Virgin Media Finance PLC (United Kingdom),
5.00%, 07/15/2030(b)(c)
|
|
600,000
|
524,785
|
|
Virgin Media Vendor Financing Notes IV DAC
(United Kingdom), 5.00%, 07/15/2028(b)
|
|
200,000
|
200,000
|
|
VZ Secured Financing B.V. (Netherlands),
5.00%, 01/15/2032(b)
|
|
600,000
|
542,168
|
|
|
|
|
7,751,156
|
|
Casinos & Gaming-2.37%
|
|||
|
Affinity Interactive, 6.88%, 12/15/2027(b)
|
|
187,000
|
112,324
|
|
Churchill Downs, Inc., 4.75%,
01/15/2028(b)
|
|
345,000
|
344,536
|
|
Great Canadian Gaming Corp. (Canada),
8.75%, 11/15/2029(b)
|
|
260,000
|
264,553
|
|
|
Principal
Amount
|
Value
|
|
|
Casinos & Gaming-(continued)
|
|||
|
Melco Resorts Finance Ltd. (Hong Kong)
|
|
|
|
|
5.38% 12/04/2029(b)(c)
|
$
|
600,000
|
$594,350
|
|
6.50% 09/24/2033(b)(c)
|
|
320,000
|
319,532
|
|
MGM Resorts International, 4.63%,
09/01/2026
|
|
240,000
|
240,249
|
|
Studio City Finance Ltd. (Macau)
|
|
|
|
|
6.50% 01/15/2028(b)
|
|
200,000
|
200,238
|
|
5.00% 01/15/2029(b)(c)
|
|
260,000
|
252,114
|
|
Voyager Parent LLC, 9.25%,
07/01/2032(b)(c)
|
|
520,000
|
552,682
|
|
Wynn Las Vegas LLC/Wynn Las Vegas
Capital Corp., 5.25%, 05/15/2027(b)
|
|
100,000
|
100,609
|
|
Wynn Macau Ltd. (Macau)
|
|
|
|
|
5.50% 10/01/2027(b)
|
|
200,000
|
200,083
|
|
5.63% 08/26/2028(b)
|
|
400,000
|
399,541
|
|
|
|
|
3,580,811
|
|
Commercial Printing-0.49%
|
|||
|
Deluxe Corp., 8.13%, 09/15/2029(b)
|
|
450,000
|
472,744
|
|
R.R. Donnelley & Sons Co., 9.50%,
08/01/2029(b)
|
|
260,000
|
270,792
|
|
|
|
|
743,536
|
|
Commodity Chemicals-0.15%
|
|||
|
Methanex Corp. (Canada), 5.13%,
10/15/2027
|
|
220,000
|
220,731
|
|
Communications Equipment-0.28%
|
|||
|
Viasat, Inc., 5.63%, 04/15/2027(b)(c)
|
|
420,000
|
420,485
|
|
Construction & Engineering-0.50%
|
|||
|
Baldwin Insurance Group Holdings LLC/
Baldwin Insurance Group Holdings Finance,
7.13%, 05/15/2031(b)(c)
|
|
550,000
|
565,944
|
|
Brand Industrial Services, Inc., 10.38%,
08/01/2030(b)
|
|
100,000
|
95,999
|
|
Brookfield Residential Properties,
Inc./Brookfield Residential U.S. LLC
(Canada), 6.25%, 09/15/2027(b)
|
|
88,000
|
88,064
|
|
|
|
|
750,007
|
|
Construction Machinery & Heavy Transportation Equipment-1.24%
|
|||
|
New Flyer Holdings, Inc. (Canada), 9.25%,
07/01/2030(b)
|
|
280,000
|
301,860
|
|
Terex Corp.
|
|
|
|
|
5.00% 05/15/2029(b)
|
|
200,000
|
199,489
|
|
6.25% 10/15/2032(b)(c)
|
|
220,000
|
225,402
|
|
Trinity Industries, Inc., 7.75%,
07/15/2028(b)
|
|
640,000
|
661,015
|
|
Wabash National Corp., 4.50%,
10/15/2028(b)(c)
|
|
515,000
|
479,923
|
|
|
|
|
1,867,689
|
|
Construction Materials-0.65%
|
|||
|
Smyrna Ready Mix Concrete LLC
|
|
|
|
|
6.00% 11/01/2028(b)
|
|
400,000
|
401,505
|
|
8.88% 11/15/2031(b)(c)
|
|
250,000
|
266,671
|
|
Williams Scotsman, Inc., 4.63%,
08/15/2028(b)
|
|
320,000
|
319,062
|
|
|
|
|
987,238
|
|
Consumer Finance-2.39%
|
|||
|
Ally Financial, Inc., 6.65%, 01/17/2040(e)
|
|
350,000
|
350,004
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
goeasy Ltd. (Canada)
|
|
|
|
|
7.63% 07/01/2029(b)(c)
|
$
|
265,000
|
$262,607
|
|
6.88% 05/15/2030(b)(c)
|
|
280,000
|
266,531
|
|
7.38% 10/01/2030(b)
|
|
120,000
|
115,875
|
|
6.88% 02/15/2031(b)
|
|
100,000
|
94,079
|
|
Navient Corp.
|
|
|
|
|
5.00% 03/15/2027
|
|
116,000
|
115,319
|
|
4.88% 03/15/2028
|
|
100,000
|
98,079
|
|
9.38% 07/25/2030
|
|
100,000
|
107,753
|
|
11.50% 03/15/2031
|
|
240,000
|
261,259
|
|
5.63% 08/01/2033
|
|
422,000
|
368,690
|
|
OneMain Finance Corp.
|
|
|
|
|
6.63% 01/15/2028(c)
|
|
280,000
|
287,523
|
|
6.75% 03/15/2032
|
|
640,000
|
654,909
|
|
PRA Group, Inc., 8.88%, 01/31/2030(b)(c)
|
|
620,000
|
624,979
|
|
|
|
|
3,607,607
|
|
Diversified Chemicals-0.83%
|
|||
|
Chemours Co. (The)
|
|
|
|
|
5.38% 05/15/2027(c)
|
|
433,000
|
436,078
|
|
5.75% 11/15/2028(b)
|
|
160,000
|
158,771
|
|
INEOS Finance PLC (Luxembourg)
|
|
|
|
|
6.75% 05/15/2028(b)(c)
|
|
325,000
|
285,158
|
|
7.50% 04/15/2029(b)
|
|
200,000
|
167,681
|
|
SNF Group SACA (France), 3.13%,
03/15/2027(b)
|
|
200,000
|
197,087
|
|
|
|
|
1,244,775
|
|
Diversified Financial Services-3.27%
|
|||
|
Burford Capital Global Finance LLC
|
|
|
|
|
6.25% 04/15/2028(b)
|
|
200,000
|
199,794
|
|
7.50% 07/15/2033(b)
|
|
200,000
|
193,337
|
|
Compass Group Diversified Holdings LLC,
5.25%, 04/15/2029(b)(c)
|
|
702,601
|
655,508
|
|
EG Global Finance PLC (United Kingdom),
12.00%, 11/30/2028(b)
|
|
200,000
|
216,601
|
|
Freedom Mortgage Holdings LLC, 9.25%,
02/01/2029(b)
|
|
150,000
|
157,120
|
|
Global Aircraft Leasing Co. Ltd. (Cayman
Islands), 8.75%, 09/01/2027(b)
|
|
770,000
|
798,013
|
|
Jefferies Finance LLC/JFIN Co-Issuer Corp.,
5.00%, 08/15/2028(b)
|
|
600,000
|
582,162
|
|
Midcap Financial Issuer Trust, 6.50%,
05/01/2028(b)
|
|
400,000
|
401,066
|
|
Provident Funding Associates L.P./PFG
Finance Corp., 9.75%, 09/15/2029(b)
|
|
120,000
|
125,960
|
|
Resorts World Las Vegas LLC/RWLV Capital,
Inc.
|
|
|
|
|
4.63% 04/16/2029(b)
|
|
400,000
|
365,229
|
|
8.45% 07/27/2030(b)
|
|
200,000
|
203,358
|
|
4.63% 04/06/2031(b)
|
|
200,000
|
171,536
|
|
United Wholesale Mortgage LLC, 5.75%,
06/15/2027(b)
|
|
197,000
|
197,319
|
|
UWM Holdings LLC, 6.25%, 03/15/2031(b)
|
|
300,000
|
298,292
|
|
VistaJet Malta Finance PLC/Vista
Management Holding, Inc. (Switzerland),
9.50%, 06/01/2028(b)
|
|
360,000
|
374,776
|
|
|
|
|
4,940,071
|
|
Diversified Metals & Mining-0.96%
|
|||
|
Algoma Steel, Inc. (Canada), 9.13%,
04/15/2029(b)
|
|
200,000
|
171,710
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Metals & Mining-(continued)
|
|||
|
Champion Iron Canada, Inc. (Canada),
7.88%, 07/15/2032(b)(c)
|
$
|
525,000
|
$561,974
|
|
Mineral Resources Ltd. (Australia)
|
|
|
|
|
9.25% 10/01/2028(b)
|
|
321,000
|
337,471
|
|
8.50% 05/01/2030(b)
|
|
360,000
|
373,513
|
|
|
|
|
1,444,668
|
|
Diversified REITs-0.44%
|
|||
|
Global Net Lease, Inc., 4.50%,
09/30/2028(b)
|
|
116,000
|
113,682
|
|
Iron Mountain Information Management
Services, Inc., 5.00%, 07/15/2032(b)
|
|
76,000
|
72,757
|
|
Uniti Group L.P./Uniti Fiber Holdings,
Inc./CSL Capital LLC, 6.00%,
01/15/2030(b)
|
|
40,000
|
38,132
|
|
Uniti Group L.P./Uniti Group Finance 2019,
Inc./CSL Capital LLC, 4.75%,
04/15/2028(b)
|
|
150,000
|
149,755
|
|
Uniti Group L.P./Uniti Group Finance,
Inc./CSL Capital LLC, 6.50%,
02/15/2029(b)
|
|
300,000
|
292,046
|
|
|
|
|
666,372
|
|
Diversified Support Services-1.78%
|
|||
|
CPI CG, Inc., 10.00% CPI, 07/15/2029(b)
|
|
150,000
|
159,625
|
|
Crown Americas LLC/Crown Americas
Capital Corp. V, 4.25%, 09/30/2026
|
|
95,000
|
94,780
|
|
Dcli Bidco LLC, 7.75%, 11/15/2029(b)(c)
|
|
575,000
|
585,512
|
|
Kingpin Intermediate Holdings LLC, 7.25%,
10/15/2032(b)(c)
|
|
450,000
|
431,612
|
|
Neptune Bidco US, Inc., 9.29%,
04/15/2029(b)
|
|
707,000
|
726,507
|
|
Prime Security Services Borrower LLC/Prime
Finance, Inc., 3.38%, 08/31/2027(b)
|
|
500,000
|
490,115
|
|
Sabre GLBL, Inc.
|
|
|
|
|
10.75% 11/15/2029(b)
|
|
8,000
|
6,535
|
|
10.75% 03/15/2030(b)
|
|
134,000
|
107,625
|
|
11.13% 07/15/2030(b)
|
|
100,000
|
81,000
|
|
|
|
|
2,683,311
|
|
Education Services-0.40%
|
|||
|
Adtalem Global Education, Inc., 5.50%,
03/01/2028(b)
|
|
475,000
|
474,267
|
|
Grand Canyon University, 5.13%,
10/01/2028
|
|
125,000
|
125,316
|
|
|
|
|
599,583
|
|
Electric Utilities-2.50%
|
|||
|
DPL LLC, 4.35%, 04/15/2029
|
|
320,000
|
316,476
|
|
Edison International
|
|
|
|
|
8.13% 06/15/2053(e)
|
|
450,000
|
465,986
|
|
7.88% 06/15/2054(e)
|
|
200,000
|
208,439
|
|
NRG Energy, Inc., 3.38%, 02/15/2029(b)(c)
|
|
320,000
|
306,794
|
|
Pattern Energy Operations L.P./Pattern
Energy Operations, Inc., 4.50%,
08/15/2028(b)
|
|
250,000
|
248,283
|
|
PG&E Corp.
|
|
|
|
|
5.00% 07/01/2028
|
|
480,000
|
479,207
|
|
7.38% 03/15/2055(c)(e)
|
|
310,000
|
320,123
|
|
Vistra Operations Co. LLC
|
|
|
|
|
5.63% 02/15/2027(b)
|
|
163,000
|
163,193
|
|
5.00% 07/31/2027(b)
|
|
100,000
|
100,131
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
XPLR Infrastructure Operating Partners L.P.
|
|
|
|
|
4.50% 09/15/2027(b)(c)
|
$
|
390,000
|
$386,729
|
|
7.25% 01/15/2029(b)(c)
|
|
500,000
|
516,202
|
|
8.38% 01/15/2031(b)(c)
|
|
240,000
|
252,234
|
|
|
|
|
3,763,797
|
|
Electrical Components & Equipment-1.32%
|
|||
|
Atkore, Inc., 4.25%, 06/01/2031(b)
|
|
170,000
|
162,331
|
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
920,000
|
914,037
|
|
Nissan Motor Acceptance Co. LLC
|
|
|
|
|
6.95% 09/15/2026(b)
|
|
260,000
|
263,584
|
|
7.05% 09/15/2028(b)
|
|
150,000
|
155,651
|
|
5.63% 09/29/2028(b)
|
|
500,000
|
501,977
|
|
|
|
|
1,997,580
|
|
Electronic Components-0.15%
|
|||
|
Imola Merger Corp., 4.75%, 05/15/2029(b)
|
|
100,000
|
98,447
|
|
Sensata Technologies, Inc., 4.38%,
02/15/2030(b)
|
|
130,000
|
127,244
|
|
|
|
|
225,691
|
|
Environmental & Facilities Services-0.16%
|
|||
|
GFL Environmental, Inc., 4.00%,
08/01/2028(b)
|
|
250,000
|
246,193
|
|
Fertilizers & Agricultural Chemicals-0.69%
|
|||
|
Consolidated Energy Finance S.A.
(Switzerland)
|
|
|
|
|
5.63% 10/15/2028(b)
|
|
167,000
|
137,984
|
|
12.00% 02/15/2031(b)
|
|
200,000
|
168,230
|
|
FMC Corp., 8.45%, 11/01/2055(e)
|
|
400,000
|
321,122
|
|
Nufarm Australia Ltd./Nufarm Americas, Inc.
(Australia), 5.00%, 01/27/2030(b)(c)
|
|
440,000
|
405,870
|
|
|
|
|
1,033,206
|
|
Financial Exchanges & Data-0.16%
|
|||
|
Coinbase Global, Inc., 3.38%,
10/01/2028(b)
|
|
260,000
|
248,386
|
|
Food Distributors-0.21%
|
|||
|
American Builders & Contractors Supply Co.,
Inc., 3.88%, 11/15/2029(b)(c)
|
|
320,000
|
308,994
|
|
Food Retail-1.19%
|
|||
|
Albertson’s Cos., Inc./Safeway, Inc./New
Albertson’s L.P./Albertson’s LLC
|
|
|
|
|
4.63% 01/15/2027(b)
|
|
928,000
|
927,901
|
|
5.88% 02/15/2028(b)
|
|
250,000
|
250,250
|
|
3.50% 03/15/2029(b)
|
|
200,000
|
192,073
|
|
BCPE Flavor Debt Merger Sub LLC and BCPE
Flavor Issuer, Inc., 9.50%,
07/01/2032(b)(c)
|
|
440,000
|
419,708
|
|
|
|
|
1,789,932
|
|
Footwear-0.15%
|
|||
|
Beach Acquisition Bidco LLC, 10.00% PIK,
0.75% Cash10.00%, 07/15/2033(b)(d)
|
|
210,810
|
232,082
|
|
Gas Utilities-0.34%
|
|||
|
AmeriGas Partners L.P./AmeriGas Finance
Corp., 9.38%, 06/01/2028(b)
|
|
200,000
|
206,895
|
|
Ferrellgas L.P./Ferrellgas Finance Corp.,
9.25%, 01/15/2031(b)
|
|
300,000
|
310,342
|
|
|
|
|
517,237
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Distributors-0.14%
|
|||
|
Accendra Health, Inc.
|
|
|
|
|
4.50% 03/31/2029(b)
|
$
|
60,000
|
$39,526
|
|
6.63% 04/01/2030(b)(c)
|
|
300,000
|
169,001
|
|
|
|
|
208,527
|
|
Health Care Equipment-0.37%
|
|||
|
HAH Group Holding Co. LLC, 9.75%,
10/01/2031(b)
|
|
100,000
|
94,525
|
|
Miter Brands Acquisition Holdco, Inc./MIWD
Borrower LLC, 6.75%, 04/01/2032(b)
|
|
200,000
|
205,538
|
|
Varex Imaging Corp., 7.88%, 10/15/2027(b)
|
|
250,000
|
255,138
|
|
|
|
|
555,201
|
|
Health Care Facilities-0.53%
|
|||
|
Encompass Health Corp., 4.50%,
02/01/2028(c)
|
|
220,000
|
219,089
|
|
LifePoint Health, Inc.
|
|
|
|
|
9.88% 08/15/2030(b)
|
|
110,000
|
118,149
|
|
11.00% 10/15/2030(b)
|
|
130,000
|
141,937
|
|
Tenet Healthcare Corp., 4.63%,
06/15/2028(c)
|
|
320,000
|
319,280
|
|
|
|
|
798,455
|
|
Health Care REITs-0.17%
|
|||
|
MPT Operating Partnership L.P./MPT Finance
Corp.
|
|
|
|
|
5.00% 10/15/2027
|
|
148,000
|
144,791
|
|
4.63% 08/01/2029
|
|
131,000
|
112,423
|
|
|
|
|
257,214
|
|
Health Care Services-1.92%
|
|||
|
Avantor Funding, Inc., 4.63%,
07/15/2028(b)
|
|
200,000
|
198,567
|
|
Community Health Systems, Inc.
|
|
|
|
|
6.00% 01/15/2029(b)
|
|
160,000
|
159,680
|
|
6.88% 04/15/2029(b)
|
|
100,000
|
92,040
|
|
5.25% 05/15/2030(b)
|
|
200,000
|
188,734
|
|
10.88% 01/15/2032(b)
|
|
360,000
|
388,004
|
|
CVS Health Corp.
|
|
|
|
|
6.75% 12/10/2054(c)(e)
|
|
300,000
|
312,019
|
|
7.00% 03/10/2055(e)
|
|
400,000
|
418,836
|
|
DaVita, Inc., 4.63%, 06/01/2030(b)
|
|
320,000
|
308,059
|
|
MPH Acquisition Holdings LLC, 5.75%,
12/31/2030(b)
|
|
100,002
|
85,584
|
|
Prime Healthcare Services, Inc., 9.38%,
09/01/2029(b)(c)
|
|
500,000
|
521,005
|
|
Team Health Holdings, Inc., 8.38%,
06/30/2028(b)
|
|
220,000
|
222,862
|
|
|
|
|
2,895,390
|
|
Health Care Supplies-0.26%
|
|||
|
DENTSPLY SIRONA, Inc., 8.38%,
09/12/2055(c)(e)
|
|
400,000
|
395,140
|
|
Health Care Technology-0.56%
|
|||
|
athenahealth Group, Inc., 6.50%,
02/15/2030(b)
|
|
244,000
|
236,858
|
|
Cogent Communications Group LLC/Cogent
Finance, Inc.
|
|
|
|
|
7.00% 06/15/2027(b)
|
|
280,000
|
278,569
|
|
6.50% 07/01/2032(b)
|
|
75,000
|
68,963
|
|
U.S. Acute Care Solutions LLC, 9.75%,
05/15/2029(b)
|
|
260,000
|
261,464
|
|
|
|
|
845,854
|
|
|
Principal
Amount
|
Value
|
|
|
Home Furnishings-0.60%
|
|||
|
Somnigroup International, Inc., 4.00%,
04/15/2029(b)
|
$
|
250,000
|
$242,710
|
|
Wayfair LLC
|
|
|
|
|
7.25% 10/31/2029(b)
|
|
200,000
|
209,273
|
|
7.75% 09/15/2030(b)(c)
|
|
430,000
|
457,449
|
|
|
|
|
909,432
|
|
Homebuilding-0.76%
|
|||
|
Beazer Homes USA, Inc., 5.88%,
10/15/2027
|
|
200,000
|
199,396
|
|
Dream Finders Homes, Inc., 8.25%,
08/15/2028(b)
|
|
200,000
|
206,360
|
|
LGI Homes, Inc.
|
|
|
|
|
8.75% 12/15/2028(b)(c)
|
|
380,000
|
396,247
|
|
4.00% 07/15/2029(b)
|
|
202,000
|
185,576
|
|
7.00% 11/15/2032(b)
|
|
35,000
|
34,170
|
|
Tri Pointe Homes, Inc., 5.25%, 06/01/2027
|
|
118,000
|
118,401
|
|
|
|
|
1,140,150
|
|
Hotel & Resort REITs-0.41%
|
|||
|
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer,
7.00%, 02/01/2030(b)
|
|
300,000
|
309,278
|
|
RLJ Lodging Trust L.P., 4.00%,
09/15/2029(b)
|
|
100,000
|
95,210
|
|
Service Properties Trust
|
|
|
|
|
4.95% 02/15/2027
|
|
107,000
|
106,587
|
|
4.95% 10/01/2029
|
|
67,000
|
59,149
|
|
8.88% 06/15/2032
|
|
50,000
|
49,669
|
|
|
|
|
619,893
|
|
Hotels, Resorts & Cruise Lines-0.40%
|
|||
|
Carnival Corp., 6.65%, 01/15/2028
|
|
200,000
|
208,027
|
|
Travel + Leisure Co., Series J, 6.00%,
04/01/2027(c)
|
|
388,000
|
393,983
|
|
|
|
|
602,010
|
|
Household Appliances-0.81%
|
|||
|
Whirlpool Corp.
|
|
|
|
|
2.40% 05/15/2031
|
|
300,000
|
251,717
|
|
4.70% 05/14/2032(c)
|
|
600,000
|
546,704
|
|
5.75% 03/01/2034(c)
|
|
450,000
|
424,052
|
|
|
|
|
1,222,473
|
|
Housewares & Specialties-0.48%
|
|||
|
Newell Brands, Inc.
|
|
|
|
|
8.50% 06/01/2028(b)
|
|
200,000
|
209,831
|
|
6.63% 05/15/2032(c)
|
|
330,000
|
323,413
|
|
7.38% 04/01/2036
|
|
200,000
|
193,709
|
|
|
|
|
726,953
|
|
Human Resource & Employment Services-0.65%
|
|||
|
AMN Healthcare, Inc., 4.00%,
04/15/2029(b)(c)
|
|
1,020,000
|
976,190
|
|
Independent Power Producers & Energy Traders-1.06%
|
|||
|
AES Corp. (The)
|
|
|
|
|
7.60% 01/15/2055(e)
|
|
200,000
|
202,913
|
|
6.95% 07/15/2055(c)(e)
|
|
540,000
|
528,310
|
|
Calpine Corp., 4.50%, 02/15/2028(b)
|
|
160,000
|
159,944
|
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
700,000
|
709,363
|
|
|
|
|
1,600,530
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Machinery & Supplies & Components-0.41%
|
|||
|
Park-Ohio Industries, Inc., 8.50%,
08/01/2030(b)(c)
|
$
|
595,000
|
$611,520
|
|
Insurance Brokers-0.76%
|
|||
|
Alliant Holdings Intermediate LLC/Alliant
Holdings Co-Issuer, 7.00%,
01/15/2031(b)
|
|
100,000
|
103,740
|
|
Howden UK Refinance PLC/Howden UK
Refinance 2 PLC/Howden US
Refinance LLC (United Kingdom), 7.25%,
02/15/2031(b)
|
|
675,000
|
698,579
|
|
HUB International Ltd., 7.38%,
01/31/2032(b)
|
|
130,000
|
136,257
|
|
Panther Escrow Issuer LLC, 7.13%,
06/01/2031(b)
|
|
200,000
|
206,109
|
|
|
|
|
1,144,685
|
|
Integrated Telecommunication Services-2.02%
|
|||
|
Altice France S.A. (France)
|
|
|
|
|
6.88% 10/15/2030(b)
|
|
152,439
|
149,991
|
|
6.50% 04/15/2032(b)
|
|
152,439
|
148,979
|
|
APLD ComputeCo LLC, 9.25%,
12/15/2030(b)
|
|
150,000
|
155,999
|
|
FiberCop S.p.A. (Italy)
|
|
|
|
|
6.00% 09/30/2034(b)
|
|
200,000
|
195,218
|
|
7.20% 07/18/2036(b)(c)
|
|
600,000
|
608,592
|
|
7.72% 06/04/2038(b)
|
|
300,000
|
308,878
|
|
Frontier Florida LLC, Series E, 6.86%,
02/01/2028
|
|
100,000
|
103,571
|
|
Frontier North, Inc., Series G, 6.73%,
02/15/2028
|
|
500,000
|
516,563
|
|
Grubhub Holdings, Inc., 13.00% PIK, 1.00%
Cash 13.00%, 07/31/2030(b)(c)(d)
|
|
78,010
|
64,228
|
|
Iliad Holding S.A.S. (France), 7.00%,
10/15/2028(b)(c)
|
|
320,000
|
323,915
|
|
WULF Compute LLC, 7.75%,
10/15/2030(b)(c)
|
|
450,000
|
469,778
|
|
|
|
|
3,045,712
|
|
Interactive Home Entertainment-0.44%
|
|||
|
Jacobs Entertainment, Inc., 6.75%,
02/15/2029(b)
|
|
400,000
|
395,192
|
|
Playtika Holding Corp., 4.25%,
03/15/2029(b)
|
|
300,000
|
260,805
|
|
|
|
|
655,997
|
|
Interactive Media & Services-1.56%
|
|||
|
Cars.com, Inc., 6.38%, 11/01/2028(b)
|
|
100,000
|
100,115
|
|
Cumulus Media New Holdings, Inc., 6.75%,
07/01/2026(b)
|
|
37,000
|
22,570
|
|
Match Group Holdings II LLC, 4.63%,
06/01/2028(b)
|
|
250,000
|
247,811
|
|
Nexstar Media, Inc., 5.63%, 07/15/2027(b)
|
|
100,000
|
100,076
|
|
WarnerMedia Holdings, Inc.
|
|
|
|
|
3.76% 03/15/2027
|
|
100,000
|
99,345
|
|
4.05% 03/15/2029
|
|
300,000
|
291,186
|
|
4.28% 03/15/2032
|
|
200,000
|
166,820
|
|
4.28% 03/15/2032(c)
|
|
440,000
|
387,750
|
|
5.05% 03/15/2042
|
|
400,000
|
282,000
|
|
Ziff Davis, Inc., 4.63%, 10/15/2030(b)(c)
|
|
700,000
|
662,558
|
|
|
|
|
2,360,231
|
|
|
Principal
Amount
|
Value
|
|
|
Internet Services & Infrastructure-0.56%
|
|||
|
Cogent Communications Group, Inc., 7.00%,
06/15/2027(b)(c)
|
$
|
220,000
|
$219,251
|
|
CoreWeave, Inc., 9.25%, 06/01/2030(b)(c)
|
|
450,000
|
443,575
|
|
Getty Images, Inc., 9.75%, 03/01/2027(b)
|
|
200,000
|
187,801
|
|
|
|
|
850,627
|
|
Investment Banking & Brokerage-0.09%
|
|||
|
Icahn Enterprises L.P./Icahn Enterprises
Finance Corp., 5.25%, 05/15/2027
|
|
140,000
|
138,584
|
|
IT Consulting & Other Services-0.67%
|
|||
|
Conduent Business Services LLC/Conduent
State & Local Solutions, Inc., 6.00%,
11/01/2029(b)
|
|
250,000
|
202,952
|
|
EquipmentShare.com, Inc., 9.00%,
05/15/2028(b)
|
|
640,000
|
669,629
|
|
Unisys Corp., 10.63%, 01/15/2031(b)
|
|
150,000
|
142,436
|
|
|
|
|
1,015,017
|
|
Leisure Facilities-0.36%
|
|||
|
Six Flags Entertainment Corp./Canada’s
Wonderland Co./Magnum Management
Corp.
|
|
|
|
|
5.38% 04/15/2027
|
|
100,000
|
100,057
|
|
6.50% 10/01/2028(c)
|
|
300,000
|
300,961
|
|
Speedway Motorsports LLC/Speedway
Funding II, Inc., 4.88%, 11/01/2027(b)
|
|
144,000
|
144,175
|
|
|
|
|
545,193
|
|
Life & Health Insurance-0.94%
|
|||
|
American National Group, Inc., 7.00%,
12/01/2055(e)
|
|
175,000
|
176,863
|
|
APH Somerset Investor 2 LLC/APH2
Somerset Investor 2 LLC/APH3 Somerset
Investor 2 LLC, 7.88%, 11/01/2029(b)
|
|
555,000
|
563,849
|
|
Constellation Insurance, Inc., 6.80%,
01/24/2030(b)
|
|
200,000
|
204,245
|
|
Nassau Cos. of New York (The), 7.88%,
07/15/2030(b)(c)
|
|
500,000
|
476,994
|
|
|
|
|
1,421,951
|
|
Life Sciences Tools & Services-0.50%
|
|||
|
Charles River Laboratories International, Inc.,
4.25%, 05/01/2028(b)(c)
|
|
500,000
|
494,008
|
|
Fortrea Holdings, Inc., 7.50%,
07/01/2030(b)
|
|
260,000
|
264,834
|
|
|
|
|
758,842
|
|
Marine Transportation-0.43%
|
|||
|
Seaspan Corp. (Hong Kong), 5.50%,
08/01/2029(b)
|
|
471,000
|
448,376
|
|
Stena International S.A. (Sweden), 7.63%,
02/15/2031(b)
|
|
200,000
|
207,170
|
|
|
|
|
655,546
|
|
Metal, Glass & Plastic Containers-0.68%
|
|||
|
LABL, Inc., 5.88%, 11/01/2028(b)
|
|
200,000
|
92,000
|
|
Mauser Packaging Solutions Holding Co.,
9.25%, 04/15/2030(b)
|
|
58,000
|
57,101
|
|
OI European Group B.V., 4.75%,
02/15/2030(b)
|
|
220,000
|
213,062
|
|
|
Principal
Amount
|
Value
|
|
|
Metal, Glass & Plastic Containers-(continued)
|
|||
|
Owens-Brockway Glass Container, Inc.
|
|
|
|
|
7.25% 05/15/2031(b)
|
$
|
160,000
|
$163,039
|
|
7.38% 06/01/2032(b)
|
|
100,000
|
102,116
|
|
Silgan Holdings, Inc., 4.13%, 02/01/2028
|
|
400,000
|
396,763
|
|
|
|
|
1,024,081
|
|
Mortgage REITs-0.55%
|
|||
|
Rithm Capital Corp., 8.00%, 07/15/2030(b)
|
|
480,000
|
491,095
|
|
Starwood Property Trust, Inc., 7.25%,
04/01/2029(b)
|
|
320,000
|
337,880
|
|
|
|
|
828,975
|
|
Movies & Entertainment-0.19%
|
|||
|
Live Nation Entertainment, Inc.
|
|
|
|
|
6.50% 05/15/2027(b)
|
|
75,000
|
75,384
|
|
3.75% 01/15/2028(b)(c)
|
|
220,000
|
217,479
|
|
|
|
|
292,863
|
|
Multi-Utilities-0.42%
|
|||
|
Algonquin Power & Utilities Corp. (Canada),
4.75%, 01/18/2082(e)
|
|
634,000
|
629,797
|
|
Office REITs-0.98%
|
|||
|
Brandywine Operating Partnership L.P.
|
|
|
|
|
3.95% 11/15/2027
|
|
200,000
|
196,284
|
|
8.30% 03/15/2028
|
|
200,000
|
211,961
|
|
8.88% 04/12/2029(c)
|
|
230,000
|
247,283
|
|
4.55% 10/01/2029
|
|
100,000
|
95,260
|
|
Hudson Pacific Properties L.P.
|
|
|
|
|
3.95% 11/01/2027
|
|
135,000
|
129,860
|
|
5.95% 02/15/2028(c)
|
|
400,000
|
393,708
|
|
3.25% 01/15/2030
|
|
240,000
|
203,806
|
|
|
|
|
1,478,162
|
|
Office Services & Supplies-0.40%
|
|||
|
ACCO Brands Corp., 4.25%,
03/15/2029(b)(c)
|
|
571,000
|
529,233
|
|
Pitney Bowes, Inc., 7.25%, 03/15/2029(b)
|
|
75,000
|
75,920
|
|
|
|
|
605,153
|
|
Oil & Gas Drilling-1.28%
|
|||
|
Harvest Midstream I L.P.
|
|
|
|
|
7.50% 09/01/2028(b)
|
|
307,000
|
311,388
|
|
7.50% 05/15/2032(b)
|
|
100,000
|
104,528
|
|
Nabors Industries, Inc., 9.13%,
01/31/2030(b)
|
|
75,000
|
79,259
|
|
Noble Finance II LLC, 8.00%, 04/15/2030(b)
|
|
330,000
|
344,190
|
|
Seadrill Finance Ltd. (Norway), 8.38%,
08/01/2030(b)
|
|
200,000
|
209,681
|
|
Summit Midstream Holdings LLC, 8.63%,
10/31/2029(b)
|
|
150,000
|
156,801
|
|
Transocean International Ltd.
|
|
|
|
|
8.50% 05/15/2031(b)
|
|
195,000
|
198,624
|
|
7.88% 10/15/2032(b)
|
|
320,000
|
337,698
|
|
Valaris Ltd., 8.38%, 04/30/2030(b)
|
|
186,000
|
194,459
|
|
|
|
|
1,936,628
|
|
Oil & Gas Equipment & Services-1.14%
|
|||
|
Bristow Group, Inc., 6.88%,
03/01/2028(b)(c)
|
|
400,000
|
400,674
|
|
Oceaneering International, Inc., 6.00%,
02/01/2028
|
|
680,000
|
691,331
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Equipment & Services-(continued)
|
|||
|
SESI L.L.C., 7.88%, 09/30/2030(b)(c)
|
$
|
275,000
|
$277,482
|
|
Viridien (France), 10.00%, 10/15/2030(b)
|
|
330,000
|
355,432
|
|
|
|
|
1,724,919
|
|
Oil & Gas Exploration & Production-3.74%
|
|||
|
Caturus Energy LLC, 8.50%, 02/15/2030(b)
|
|
120,000
|
125,198
|
|
Crescent Energy Finance LLC
|
|
|
|
|
7.75% 07/31/2029(b)
|
|
100,000
|
100,320
|
|
9.75% 10/15/2030(b)
|
|
150,000
|
159,636
|
|
7.63% 04/01/2032(b)
|
|
130,000
|
129,020
|
|
7.38% 01/15/2033(b)
|
|
130,000
|
125,879
|
|
8.38% 01/15/2034(b)(c)
|
|
335,000
|
338,407
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.
|
|
|
|
|
5.75% 02/01/2029(b)
|
|
100,000
|
100,078
|
|
6.00% 04/15/2030(b)
|
|
75,000
|
73,856
|
|
6.25% 04/15/2032(b)
|
|
150,000
|
143,962
|
|
8.38% 11/01/2033(b)
|
|
200,000
|
207,767
|
|
6.88% 05/15/2034(b)(c)
|
|
425,000
|
409,795
|
|
Kraken Oil & Gas Partners LLC, 7.63%,
08/15/2029(b)
|
|
140,000
|
140,008
|
|
Long Ridge Energy LLC, 8.75%,
02/15/2032(b)(c)
|
|
700,000
|
744,007
|
|
Moss Creek Resources Holdings, Inc., 8.25%,
09/01/2031(b)
|
|
290,000
|
282,207
|
|
Murphy Oil Corp., 5.88%, 12/01/2042
|
|
140,000
|
122,769
|
|
Saturn Oil & Gas, Inc. (Canada), 9.63%,
06/15/2029(b)
|
|
341,000
|
349,107
|
|
SM Energy Co.
|
|
|
|
|
8.38% 07/01/2028(b)
|
|
220,000
|
226,720
|
|
8.63% 11/01/2030(b)
|
|
130,000
|
137,575
|
|
8.75% 07/01/2031(b)(c)
|
|
608,000
|
639,378
|
|
7.00% 08/01/2032(b)
|
|
620,000
|
621,967
|
|
Talos Production, Inc., 9.38%,
02/01/2031(b)(c)
|
|
435,000
|
461,074
|
|
|
|
|
5,638,730
|
|
Oil & Gas Refining & Marketing-0.97%
|
|||
|
CVR Energy, Inc., 8.50%, 01/15/2029(b)(c)
|
|
260,000
|
271,126
|
|
NuStar Logistics L.P., 5.63%, 04/28/2027
|
|
325,000
|
329,063
|
|
PBF Holding Co. LLC/PBF Finance Corp.
|
|
|
|
|
6.00% 02/15/2028(c)
|
|
580,000
|
579,597
|
|
7.88% 09/15/2030(b)
|
|
290,000
|
290,701
|
|
|
|
|
1,470,487
|
|
Oil & Gas Storage & Transportation-3.97%
|
|||
|
Buckeye Partners L.P., 3.95%, 12/01/2026
|
|
351,000
|
348,664
|
|
Energy Transfer L.P.
|
|
|
|
|
8.00% 05/15/2054(e)
|
|
100,000
|
106,918
|
|
6.50% 02/15/2056(e)
|
|
200,000
|
200,083
|
|
Hess Midstream Operations L.P., 5.88%,
03/01/2028(b)
|
|
550,000
|
560,702
|
|
ITT Holdings LLC, 6.50%, 08/01/2029(b)
|
|
92,000
|
88,760
|
|
Kinetik Holdings L.P., 6.63%,
12/15/2028(b)
|
|
100,000
|
103,027
|
|
NGL Energy Operating LLC/NGL Energy
Finance Corp., 8.13%, 02/15/2029(b)
|
|
280,000
|
290,722
|
|
South Bow Canadian Infrastructure Holdings
Ltd. (Canada), 7.63%, 03/01/2055(e)
|
|
640,000
|
667,615
|
|
Sunoco L.P./Sunoco Finance Corp.
|
|
|
|
|
5.88% 03/15/2028
|
|
100,000
|
100,273
|
|
7.00% 09/15/2028(b)
|
|
125,000
|
129,128
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Tallgrass Energy Partners L.P./Tallgrass
Energy Finance Corp., 5.50%,
01/15/2028(b)
|
$
|
525,000
|
$525,102
|
|
Venture Global LNG, Inc.
|
|
|
|
|
8.13% 06/01/2028(b)(c)
|
|
795,000
|
814,416
|
|
7.00% 01/15/2030(b)
|
|
300,000
|
302,055
|
|
8.38% 06/01/2031(b)(c)
|
|
400,000
|
409,386
|
|
9.88% 02/01/2032(b)(c)
|
|
675,000
|
714,097
|
|
Venture Global Plaquemines LNG LLC,
6.50%, 01/15/2034(b)
|
|
600,000
|
622,961
|
|
|
|
|
5,983,909
|
|
Other Specialized REITs-0.53%
|
|||
|
Iron Mountain, Inc.
|
|
|
|
|
4.88% 09/15/2027(b)(c)
|
|
458,000
|
457,955
|
|
5.25% 03/15/2028(b)
|
|
300,000
|
300,075
|
|
4.50% 02/15/2031(b)
|
|
50,000
|
47,815
|
|
|
|
|
805,845
|
|
Other Specialty Retail-0.36%
|
|||
|
Bath & Body Works, Inc., 6.69%,
01/15/2027
|
|
200,000
|
203,187
|
|
Dick’s Sporting Goods, Inc., 4.00%,
10/01/2029(b)
|
|
137,000
|
135,124
|
|
Michaels Cos., Inc. (The), 5.25%,
05/01/2028(b)
|
|
200,000
|
197,951
|
|
|
|
|
536,262
|
|
Packaged Foods & Meats-0.52%
|
|||
|
B&G Foods, Inc., 8.00%, 09/15/2028(b)(c)
|
|
300,000
|
283,501
|
|
Lamb Weston Holdings, Inc., 4.88%,
05/15/2028(b)
|
|
200,000
|
200,989
|
|
Viking Baked Goods Acquisition Corp.,
8.63%, 11/01/2031(b)(c)
|
|
300,000
|
297,815
|
|
|
|
|
782,305
|
|
Paper & Plastic Packaging Products & Materials-1.53%
|
|||
|
Cascades, Inc./Cascades USA, Inc. (Canada),
5.38%, 01/15/2028(b)
|
|
150,000
|
149,945
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
6.63% 04/15/2029(b)
|
|
320,000
|
323,094
|
|
6.88% 01/15/2030(b)
|
|
150,000
|
152,138
|
|
8.75% 04/15/2030(b)(c)
|
|
300,000
|
300,467
|
|
6.75% 04/15/2032(b)
|
|
200,000
|
201,699
|
|
Sealed Air Corp.
|
|
|
|
|
6.13% 02/01/2028(b)
|
|
45,000
|
45,697
|
|
7.25% 02/15/2031(b)(c)
|
|
600,000
|
625,517
|
|
6.88% 07/15/2033(b)(c)
|
|
351,000
|
369,253
|
|
Toucan FinCo Ltd./Toucan FinCo Can,
Inc./Toucan FinCo US LLC (Canada),
9.50%, 05/15/2030(b)
|
|
150,000
|
144,896
|
|
|
|
|
2,312,706
|
|
Paper Products-0.58%
|
|||
|
Clearwater Paper Corp., 4.75%,
08/15/2028(b)
|
|
600,000
|
567,774
|
|
Domtar Corp., 6.75%, 10/01/2028(b)
|
|
366,000
|
304,358
|
|
|
|
|
872,132
|
|
Passenger Airlines-1.20%
|
|||
|
Allegiant Travel Co., 7.25%, 08/15/2027(b)
|
|
410,000
|
414,929
|
|
American Airlines, Inc., 7.25%,
02/15/2028(b)(c)
|
|
730,000
|
743,629
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines-(continued)
|
|||
|
Avianca Midco 2 PLC, 9.00%,
12/01/2028(b)
|
$
|
307,000
|
$313,524
|
|
JetBlue Airways Corp./JetBlue Loyalty L.P.,
9.88%, 09/20/2031(b)(c)
|
|
330,000
|
331,807
|
|
|
|
|
1,803,889
|
|
Personal Care Products-0.36%
|
|||
|
Edgewell Personal Care Co., 4.13%,
04/01/2029(b)(c)
|
|
560,000
|
537,396
|
|
Pharmaceuticals-2.49%
|
|||
|
1261229 BC Ltd., 10.00%, 04/15/2032(b)
|
|
200,000
|
205,452
|
|
AdaptHealth LLC
|
|
|
|
|
6.13% 08/01/2028(b)
|
|
220,000
|
220,951
|
|
4.63% 08/01/2029(b)
|
|
150,000
|
144,964
|
|
Bausch Health Cos., Inc.
|
|
|
|
|
4.88% 06/01/2028(b)
|
|
100,000
|
92,576
|
|
11.00% 09/30/2028(b)
|
|
275,000
|
286,109
|
|
Elanco Animal Health, Inc., 6.65%,
08/28/2028(c)
|
|
460,000
|
480,458
|
|
Endo Finance Holdings, Inc., 8.50%,
04/15/2031(b)
|
|
315,000
|
333,698
|
|
HLF Financing S.a.r.l. LLC/Herbalife
International, Inc., 4.88%,
06/01/2029(b)(c)
|
|
250,000
|
237,505
|
|
Organon & Co./Organon Foreign Debt
Co-Issuer B.V.
|
|
|
|
|
4.13% 04/30/2028(b)
|
|
400,000
|
392,560
|
|
5.13% 04/30/2031(b)
|
|
400,000
|
363,561
|
|
6.75% 05/15/2034(b)
|
|
400,000
|
391,373
|
|
P&L Development LLC/PLD Finance Corp.,
3.50% PIK Rate, 9.00% Cash Rate,
05/15/2029(b)(d)
|
|
27,299
|
27,897
|
|
Perrigo Finance Unlimited Co.
|
|
|
|
|
5.15% 06/15/2030(c)
|
|
300,000
|
291,203
|
|
6.13% 09/30/2032(c)
|
|
300,000
|
295,319
|
|
|
|
|
3,763,626
|
|
Property & Casualty Insurance-0.09%
|
|||
|
MBIA, Inc., 5.70%, 12/01/2034
|
|
140,000
|
130,870
|
|
Real Estate Development-0.91%
|
|||
|
Cushman & Wakefield U.S. Borrower LLC,
8.88%, 09/01/2031(b)
|
|
136,000
|
145,022
|
|
Forestar Group, Inc., 5.00%, 03/01/2028(b)
|
|
600,000
|
601,790
|
|
Hunt Cos., Inc., 5.25%, 04/15/2029(b)
|
|
640,000
|
627,072
|
|
|
|
|
1,373,884
|
|
Real Estate Services-0.49%
|
|||
|
Newmark Group, Inc., 7.50%, 01/12/2029
|
|
690,000
|
734,688
|
|
Regional Banks-0.06%
|
|||
|
Veritiv Operating Co., 10.50%,
11/30/2030(b)
|
|
87,000
|
93,264
|
|
Research & Consulting Services-1.50%
|
|||
|
Clarivate Science Holdings Corp., 3.88%,
07/01/2028(b)(c)
|
|
1,050,000
|
991,806
|
|
CoreLogic, Inc., 4.50%, 05/01/2028(b)(c)
|
|
640,000
|
628,565
|
|
Science Applications International Corp.,
5.88%, 11/01/2033(b)(c)
|
|
640,000
|
645,452
|
|
|
|
|
2,265,823
|
|
|
Principal
Amount
|
Value
|
|
|
Restaurants-0.37%
|
|||
|
Bloomin’ Brands, Inc./OSI Restaurant
Partners LLC, 5.13%, 04/15/2029(b)
|
$
|
475,000
|
$422,244
|
|
Fertitta Entertainment LLC/Fertitta
Entertainment Finance Co., Inc., 6.75%,
01/15/2030(b)
|
|
150,000
|
141,948
|
|
|
|
|
564,192
|
|
Retail REITs-0.42%
|
|||
|
Brookfield Property REIT, Inc./BPR
Cumulus LLC/BPR Nimbus LLC/GGSI
Sellco LLC, 4.50%, 04/01/2027(b)
|
|
640,000
|
632,412
|
|
Security & Alarm Services-0.48%
|
|||
|
Brink’s Co. (The), 4.63%, 10/15/2027(b)
|
|
100,000
|
100,227
|
|
CoreCivic, Inc., 4.75%, 10/15/2027
|
|
620,000
|
619,723
|
|
|
|
|
719,950
|
|
Semiconductors-0.29%
|
|||
|
ams-OSRAM AG (Austria), 12.25%,
03/30/2029(b)
|
|
150,000
|
160,136
|
|
Kioxia Holdings Corp. (Japan), 6.63%,
07/24/2033(b)
|
|
260,000
|
271,728
|
|
|
|
|
431,864
|
|
Single-Family Residential REITs-0.45%
|
|||
|
Ashton Woods USA LLC/Ashton Woods
Finance Co., 4.63%, 08/01/2029(b)
|
|
700,000
|
671,060
|
|
Specialized Consumer Services-0.26%
|
|||
|
Sotheby’s, 7.38%, 10/15/2027(b)
|
|
200,000
|
199,349
|
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%,
06/01/2029(b)
|
|
200,000
|
192,781
|
|
|
|
|
392,130
|
|
Specialty Chemicals-1.38%
|
|||
|
Celanese US Holdings LLC
|
|
|
|
|
6.50% 04/15/2030
|
|
200,000
|
203,611
|
|
6.75% 04/15/2033
|
|
650,000
|
658,823
|
|
7.20% 11/15/2033
|
|
150,000
|
158,780
|
|
Herens Holdco S.a.r.l. (Luxembourg), 4.75%,
05/15/2028(b)
|
|
200,000
|
176,139
|
|
Huntsman International LLC, 5.70%,
10/15/2034(c)
|
|
440,000
|
411,397
|
|
Tronox, Inc., 4.63%, 03/15/2029(b)(c)
|
|
170,000
|
130,812
|
|
WR Grace Holdings LLC
|
|
|
|
|
4.88% 06/15/2027(b)
|
|
250,000
|
250,000
|
|
5.63% 08/15/2029(b)
|
|
90,000
|
86,062
|
|
|
|
|
2,075,624
|
|
Steel-1.56%
|
|||
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
4.63% 03/01/2029(b)
|
|
250,000
|
246,195
|
|
6.88% 11/01/2029(b)
|
|
130,000
|
135,179
|
|
6.75% 04/15/2030(b)
|
|
130,000
|
133,092
|
|
7.50% 09/15/2031(b)
|
|
80,000
|
84,474
|
|
7.00% 03/15/2032(b)(c)
|
|
270,000
|
277,421
|
|
7.38% 05/01/2033(b)
|
|
220,000
|
229,713
|
|
7.63% 01/15/2034(b)
|
|
450,000
|
471,608
|
|
SunCoke Energy, Inc., 4.88%,
06/30/2029(b)(c)
|
|
825,000
|
778,728
|
|
|
|
|
2,356,410
|
|
|
Principal
Amount
|
Value
|
|
|
Systems Software-0.10%
|
|||
|
Gen Digital, Inc., 6.75%, 09/30/2027(b)
|
$
|
52,000
|
$52,475
|
|
McAfee Corp., 7.38%, 02/15/2030(b)
|
|
129,000
|
102,799
|
|
|
|
|
155,274
|
|
Technology Distributors-0.43%
|
|||
|
Insight Enterprises, Inc., 6.63%,
05/15/2032(b)
|
|
640,000
|
655,719
|
|
Technology Hardware, Storage & Peripherals-0.56%
|
|||
|
Seagate Data Storage Technology Pte. Ltd.,
4.13%, 01/15/2031(b)
|
|
420,000
|
400,550
|
|
Xerox Corp., 10.25%, 10/15/2030(b)(c)
|
|
540,000
|
447,901
|
|
|
|
|
848,451
|
|
Telecom Tower REITs-0.35%
|
|||
|
SBA Communications Corp., 3.13%,
02/01/2029(c)
|
|
550,000
|
525,614
|
|
Tires & Rubber-0.28%
|
|||
|
Goodyear Tire & Rubber Co. (The), 4.88%,
03/15/2027(c)
|
|
430,000
|
428,907
|
|
Tobacco-0.21%
|
|||
|
Turning Point Brands, Inc., 7.63%,
03/15/2032(b)
|
|
300,000
|
322,540
|
|
Trading Companies & Distributors-1.45%
|
|||
|
FTAI Aviation Investors LLC, 5.50%,
05/01/2028(b)
|
|
350,000
|
350,543
|
|
Herc Holdings, Inc.
|
|
|
|
|
7.00% 06/15/2030(b)
|
|
200,000
|
210,037
|
|
7.25% 06/15/2033(b)
|
|
400,000
|
423,516
|
|
6.00% 03/15/2034(b)
|
|
400,000
|
402,251
|
|
QXO Building Products, Inc., 6.75%,
04/30/2032(b)
|
|
780,000
|
804,504
|
|
|
|
|
2,190,851
|
|
Transaction & Payment Processing Services-0.29%
|
|||
|
NCR Atleos Corp., 9.50%, 04/01/2029(b)
|
|
401,000
|
429,959
|
|
Water Utilities-0.08%
|
|||
|
S&S Holdings LLC, 8.38%, 10/01/2031(b)
|
|
130,000
|
124,054
|
|
Wireless Telecommunication Services-0.26%
|
|||
|
Ontario Gaming GTA L.P./OTG Co-Issuer, Inc.
(Canada), 8.00%, 08/01/2030(b)
|
|
200,000
|
192,212
|
|
VMED O2 UK Financing I PLC (United
Kingdom), 7.75%, 04/15/2032(b)
|
|
200,000
|
205,929
|
|
|
|
|
398,141
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $146,029,557)
|
146,894,944
|
||
|
U.S. Treasury Securities-0.28%
|
|||
|
U.S. Treasury Bills-0.28%
|
|||
|
3.53%–4.15%, 05/14/2026(f)(g)
(Cost $412,469)
|
|
417,000
|
412,840
|
|
|
Shares
|
|
|
|
Common Stocks & Other Equity Interests-0.02%
|
|||
|
Integrated Telecommunication Services-0.02%
|
|||
|
Altice France S.A. (France)(h)
(Cost $31,829)
|
|
1,810
|
34,722
|
|
|
Shares
|
Value
|
|
|
Preferred Stocks-0.00%
|
|||
|
Pharmaceuticals-0.00%
|
|||
|
Keenova Therapeutics PLC, Pfd., 0.00%,
12/31/2079(i)
(Cost $858)
|
|
501,204
|
$858
|
|
Money Market Funds-0.47%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(j)(k)
(Cost $718,227)
|
|
718,227
|
718,227
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-98.14%
(Cost $147,192,940)
|
148,061,591
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-27.77%
|
|||
|
Invesco Private Government Fund,
3.65%(j)(k)(l)
|
|
11,641,116
|
11,641,116
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(j)(k)(l)
|
|
30,240,770
|
$30,249,842
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $41,890,958)
|
41,890,958
|
||
|
TOTAL INVESTMENTS IN SECURITIES-125.91%
(Cost $189,083,898)
|
189,952,549
|
||
|
OTHER ASSETS LESS LIABILITIES-(25.91)%
|
(39,090,304
)
|
||
|
NET ASSETS-100.00%
|
$150,862,245
|
||
|
Investment Abbreviations:
|
|
|
Pfd.
|
-Preferred
|
|
PIK
|
-Pay-in-Kind
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $116,350,741, which represented 77.12% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest
income in the form of securities.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for open futures contracts.
|
|
(g)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(h)
|
Non-income producing security.
|
|
(i)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(j)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$881,378
|
$7,862,946
|
$(8,026,097
)
|
$-
|
$-
|
$718,227
|
$6,474
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$10,645,658
|
$12,234,143
|
$(11,238,685
)
|
$-
|
$-
|
$11,641,116
|
$102,967
*
|
|
Invesco Private Prime
Fund
|
29,109,030
|
26,635,655
|
(25,494,843
)
|
64
|
(64
)
|
30,249,842
|
278,741
*
|
|
Total
|
$40,636,066
|
$46,732,744
|
$(44,759,625
)
|
$64
|
$(64
)
|
$42,609,185
|
$388,182
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(k)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(l)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Notes
|
44
|
March-2026
|
$4,920,438
|
$(27,764
)
|
$(27,764
)
|
|
U.S. Treasury 10 Year Ultra
|
6
|
March-2026
|
684,938
|
(1,758
)
|
(1,758
)
|
|
U.S. Treasury 5 Year Notes
|
81
|
March-2026
|
8,823,305
|
(25,904
)
|
(25,904
)
|
|
U.S. Treasury Long Bonds
|
5
|
March-2026
|
575,625
|
(6,266
)
|
(6,266
)
|
|
U.S. Treasury Ultra Bonds
|
1
|
March-2026
|
117,438
|
(2,197
)
|
(2,197
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(63,889
)
|
(63,889
)
|
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
57
|
March-2026
|
(11,884,055
)
|
6,000
|
6,000
|
|
Total Futures Contracts
|
$(57,889
)
|
$(57,889
)
|
|||
|
Open Centrally Cleared Credit Default Swap Agreements(a)
|
|||||||||
|
Reference Entity
|
Buy/Sell
Protection
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity Date
|
Implied
Credit
Spread(b)
|
Notional
Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
|
|
Credit Risk
|
|
|
|
|
|
|
|
||
|
Markit CDX North
America High Yield
Index, Series 45,
Version 1
|
Sell
|
5.00%
|
Quarterly
|
12/20/2030
|
2.966%
|
USD
1,188,000
|
$75,759
|
$106,405
|
$30,646
|
|
(a)
|
Centrally cleared swap agreements collateralized by $14,873 cash held with the broker.
|
|
(b)
|
Implied credit spreads represent the current level, as of January 31, 2026, at which
protection could be bought or sold given the terms of the existing credit
default swap agreement and serve as an indicator of the current status of the payment/performance
risk of the credit default swap agreement. An implied
credit spread that has widened or increased since entry into the initial agreement
may indicate a deteriorating credit profile and increased risk of default for the
reference entity. A declining or narrowing spread may indicate an improving credit
profile or decreased risk of default for the reference entity. Alternatively,
credit spreads may increase or decrease reflecting the general tolerance for risk
in the credit markets generally.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-100.23%
|
|||
|
Belgium-1.12%
|
|||
|
Anheuser-Busch InBev S.A./N.V.
|
|
23,677
|
$1,710,526
|
|
Brazil-1.11%
|
|||
|
MercadoLibre, Inc.(a)
|
|
790
|
1,696,754
|
|
Canada-3.83%
|
|||
|
Dollarama, Inc.
|
|
29,299
|
3,970,289
|
|
Shopify, Inc., Class A(a)
|
|
14,127
|
1,853,886
|
|
|
|
|
5,824,175
|
|
China-8.94%
|
|||
|
Alibaba Group Holding Ltd., ADR(b)
|
|
32,150
|
5,451,354
|
|
Contemporary Amperex Technology Co. Ltd.
|
|
37,500
|
2,340,627
|
|
Pony AI, Inc., ADR(a)(b)
|
|
50,982
|
707,630
|
|
Tencent Holdings Ltd.
|
|
66,491
|
5,112,189
|
|
|
|
|
13,611,800
|
|
Denmark-1.39%
|
|||
|
Orsted A/S(a)(c)
|
|
93,625
|
2,113,886
|
|
France-14.33%
|
|||
|
Airbus SE
|
|
12,975
|
2,981,404
|
|
EssilorLuxottica S.A.
|
|
4,415
|
1,354,545
|
|
Hermes International S.C.A.
|
|
644
|
1,555,085
|
|
L’Oreal S.A.
|
|
5,701
|
2,628,767
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
4,063
|
2,631,793
|
|
Sartorius Stedim Biotech
|
|
18,579
|
4,166,877
|
|
Schneider Electric SE
|
|
10,157
|
2,922,597
|
|
Societe Generale S.A.
|
|
40,603
|
3,570,930
|
|
|
|
|
21,811,998
|
|
Germany-4.59%
|
|||
|
SAP SE
|
|
5,822
|
1,167,271
|
|
Siemens AG
|
|
19,177
|
5,818,823
|
|
|
|
|
6,986,094
|
|
India-4.06%
|
|||
|
ICICI Bank Ltd., ADR
|
|
87,423
|
2,560,620
|
|
Reliance Industries Ltd., GDR(c)
|
|
59,495
|
3,611,486
|
|
|
|
|
6,172,106
|
|
Italy-2.81%
|
|||
|
FinecoBank Banca Fineco S.p.A.
|
|
112,797
|
3,001,126
|
|
Ryanair Holdings PLC
|
|
37,483
|
1,276,764
|
|
|
|
|
4,277,890
|
|
Japan-7.00%
|
|||
|
Daikin Industries Ltd.
|
|
18,942
|
2,277,184
|
|
Hitachi Ltd.
|
|
84,600
|
2,945,147
|
|
Hoya Corp.
|
|
13,520
|
2,275,411
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
90,138
|
1,637,723
|
|
Nintendo Co. Ltd.
|
|
24,470
|
1,520,230
|
|
|
|
|
10,655,695
|
|
Netherlands-8.03%
|
|||
|
argenx SE, ADR(a)
|
|
1,343
|
1,128,792
|
|
ASML Holding N.V.
|
|
4,318
|
6,214,070
|
|
|
Shares
|
Value
|
|
|
Netherlands-(continued)
|
|||
|
IMCD N.V.
|
|
11,743
|
$1,101,630
|
|
Universal Music Group N.V.
|
|
153,264
|
3,771,291
|
|
|
|
|
12,215,783
|
|
South Korea-0.93%
|
|||
|
Samsung Electronics Co. Ltd., GDR(c)
|
|
515
|
1,417,754
|
|
Switzerland-6.16%
|
|||
|
Lonza Group AG
|
|
5,824
|
3,972,535
|
|
Sika AG
|
|
7,536
|
1,451,722
|
|
Straumann Holding AG(a)
|
|
32,673
|
3,944,883
|
|
|
|
|
9,369,140
|
|
Taiwan-6.36%
|
|||
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
175,000
|
9,676,789
|
|
United Kingdom-12.09%
|
|||
|
AstraZeneca PLC
|
|
20,254
|
3,784,365
|
|
BAE Systems PLC
|
|
140,929
|
3,836,700
|
|
Compass Group PLC
|
|
79,632
|
2,394,608
|
|
HSBC Holdings PLC
|
|
234,267
|
4,144,469
|
|
RELX PLC
|
|
42,839
|
1,523,059
|
|
Rightmove PLC
|
|
189,152
|
1,284,098
|
|
Trainline PLC(a)(c)
|
|
510,501
|
1,434,777
|
|
|
|
|
18,402,076
|
|
United States-17.48%
|
|||
|
Accenture PLC, Class A
|
|
11,977
|
3,157,616
|
|
Booking Holdings, Inc.
|
|
961
|
4,806,768
|
|
EPAM Systems, Inc.(a)
|
|
23,739
|
4,951,955
|
|
Ferguson Enterprises, Inc.
|
|
18,609
|
4,737,551
|
|
Illumina, Inc.(a)
|
|
27,629
|
4,000,956
|
|
ResMed, Inc.
|
|
19,168
|
4,951,286
|
|
|
|
|
26,606,132
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.23%
(Cost $143,239,778)
|
152,548,598
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-4.21%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
1,787,223
|
1,787,223
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
4,612,220
|
4,613,604
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $6,400,827)
|
6,400,827
|
||
|
TOTAL INVESTMENTS IN SECURITIES-104.44%
(Cost $149,640,605)
|
158,949,425
|
||
|
OTHER ASSETS LESS LIABILITIES-(4.44)%
|
(6,754,710
)
|
||
|
NET ASSETS-100.00%
|
$152,194,715
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
GDR-Global Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $8,577,903, which represented 5.64% of the Fund’s Net Assets.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$-
|
$2,759,958
|
$(2,759,958
)
|
$-
|
$-
|
$-
|
$856
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
252,196
|
6,209,908
|
(4,674,881
)
|
-
|
-
|
1,787,223
|
12,387
*
|
|
Invesco Private Prime
Fund
|
654,550
|
11,646,742
|
(7,687,689
)
|
1
|
-
|
4,613,604
|
32,784
*
|
|
Total
|
$906,746
|
$20,616,608
|
$(15,122,528
)
|
$1
|
$-
|
$6,400,827
|
$46,027
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-76.24%
|
|||
|
Australia-5.46%
|
|||
|
ANZ Group Holdings Ltd.
|
|
34,913
|
$893,556
|
|
APA Group
|
|
15,390
|
95,320
|
|
Aristocrat Leisure Ltd.
|
|
6,497
|
242,818
|
|
ASX Ltd.
|
|
2,273
|
91,021
|
|
BHP Group Ltd.
|
|
59,432
|
2,059,325
|
|
Brambles Ltd.
|
|
15,944
|
248,987
|
|
CAR Group Ltd.
|
|
4,426
|
85,202
|
|
Cochlear Ltd.
|
|
763
|
143,076
|
|
Coles Group Ltd.
|
|
15,707
|
233,468
|
|
Commonwealth Bank of Australia
|
|
19,580
|
2,039,164
|
|
Computershare Ltd.
|
|
6,089
|
139,119
|
|
CSL Ltd.
|
|
5,677
|
719,673
|
|
Evolution Mining Ltd.
|
|
23,762
|
229,568
|
|
Fortescue Ltd.
|
|
19,814
|
288,655
|
|
Glencore PLC(a)
|
|
117,629
|
804,205
|
|
Goodman Group
|
|
23,927
|
511,364
|
|
Insurance Australia Group Ltd.
|
|
27,679
|
146,808
|
|
Lottery Corp. Ltd. (The)
|
|
26,045
|
93,343
|
|
Lynas Rare Earths Ltd.(a)
|
|
10,602
|
107,365
|
|
Macquarie Group Ltd.
|
|
4,238
|
625,720
|
|
Medibank Pvt. Ltd.
|
|
32,225
|
104,023
|
|
National Australia Bank Ltd.
|
|
35,844
|
1,083,227
|
|
Northern Star Resources Ltd.
|
|
15,903
|
294,113
|
|
Origin Energy Ltd.
|
|
20,158
|
166,319
|
|
Pro Medicus Ltd.
|
|
674
|
86,686
|
|
Qantas Airways Ltd.
|
|
9,040
|
63,586
|
|
QBE Insurance Group Ltd.
|
|
17,670
|
243,642
|
|
REA Group Ltd.
|
|
624
|
82,541
|
|
Rio Tinto Ltd.
|
|
4,345
|
455,413
|
|
Rio Tinto PLC
|
|
13,210
|
1,208,642
|
|
Santos Ltd.
|
|
38,004
|
186,454
|
|
Scentre Group
|
|
61,043
|
174,037
|
|
SGH Ltd.
|
|
2,381
|
76,767
|
|
Sigma Healthcare Ltd.
|
|
60,789
|
131,047
|
|
Sonic Healthcare Ltd.
|
|
5,492
|
88,357
|
|
South32 Ltd.
|
|
52,654
|
167,807
|
|
Stockland
|
|
28,344
|
106,692
|
|
Suncorp Group Ltd.
|
|
12,671
|
150,062
|
|
Telstra Group Ltd.
|
|
46,489
|
158,889
|
|
Transurban Group
|
|
36,442
|
354,621
|
|
Vicinity Ltd.
|
|
47,261
|
81,116
|
|
Washington H Soul Pattinson & Co. Ltd.(b)
|
|
4,093
|
110,245
|
|
Wesfarmers Ltd.
|
|
13,278
|
770,582
|
|
Westpac Banking Corp.
|
|
40,024
|
1,081,896
|
|
WiseTech Global Ltd.
|
|
2,417
|
97,425
|
|
Woodside Energy Group Ltd.(b)
|
|
22,247
|
395,173
|
|
Woolworths Group Ltd.
|
|
14,296
|
308,648
|
|
|
|
|
18,025,767
|
|
Austria-0.22%
|
|||
|
Erste Group Bank AG
|
|
3,601
|
469,861
|
|
OMV AG
|
|
1,726
|
102,910
|
|
Raiffeisen Bank International AG
|
|
1,540
|
77,906
|
|
Verbund AG
|
|
798
|
58,766
|
|
|
|
|
709,443
|
|
Belgium-0.68%
|
|||
|
Ageas S.A./N.V.
|
|
1,747
|
124,540
|
|
Anheuser-Busch InBev S.A./N.V.
|
|
11,568
|
835,721
|
|
D’Ieteren Group
|
|
256
|
58,523
|
|
Elia Group S.A./N.V.
|
|
510
|
74,106
|
|
Financiere de Tubize S.A.
|
|
243
|
62,211
|
|
|
Shares
|
Value
|
|
|
Belgium-(continued)
|
|||
|
Groupe Bruxelles Lambert N.V.
|
|
936
|
$88,888
|
|
KBC Group N.V.
|
|
2,689
|
380,297
|
|
Lotus Bakeries N.V.
|
|
4
|
47,330
|
|
Sofina S.A.
|
|
195
|
57,032
|
|
Syensqo S.A.
|
|
866
|
73,150
|
|
UCB S.A.
|
|
1,477
|
451,713
|
|
|
|
|
2,253,511
|
|
Brazil-0.03%
|
|||
|
Yara International ASA
|
|
1,936
|
89,276
|
|
Chile-0.07%
|
|||
|
Antofagasta PLC
|
|
4,615
|
229,332
|
|
China-0.14%
|
|||
|
BOC Hong Kong (Holdings) Ltd.
|
|
43,443
|
228,841
|
|
SITC International Holdings Co. Ltd.
|
|
16,481
|
61,562
|
|
Wharf (Holdings) Ltd. (The)(b)
|
|
13,195
|
42,677
|
|
Wilmar International Ltd.
|
|
22,503
|
60,231
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
30,259
|
79,664
|
|
|
|
|
472,975
|
|
Denmark-1.47%
|
|||
|
Carlsberg A/S, Class B
|
|
1,099
|
149,959
|
|
Coloplast A/S, Class B
|
|
1,473
|
126,029
|
|
Danske Bank A/S
|
|
7,817
|
399,730
|
|
Demant A/S(a)
|
|
1,177
|
41,351
|
|
DSV A/S
|
|
2,391
|
674,793
|
|
Genmab A/S(a)
|
|
714
|
233,469
|
|
Novo Nordisk A/S, Class B
|
|
37,685
|
2,245,959
|
|
Novonesis (Novozymes) B, Class B
|
|
4,124
|
253,624
|
|
Orsted A/S(a)(c)
|
|
6,183
|
139,601
|
|
Pandora A/S
|
|
925
|
75,149
|
|
Rockwool A/S
|
|
1,168
|
39,589
|
|
Tryg A/S
|
|
3,934
|
95,961
|
|
Vestas Wind Systems A/S
|
|
11,818
|
359,541
|
|
|
|
|
4,834,755
|
|
Finland-0.87%
|
|||
|
Elisa OYJ
|
|
1,664
|
73,874
|
|
Fortum OYJ(b)
|
|
5,248
|
124,420
|
|
Kesko OYJ, Class B
|
|
3,196
|
81,131
|
|
Kone OYJ, Class B
|
|
3,979
|
286,988
|
|
Metso OYJ(b)
|
|
7,763
|
152,323
|
|
Neste OYJ
|
|
4,952
|
126,958
|
|
Nokia OYJ
|
|
61,987
|
400,701
|
|
Nordea Bank Abp
|
|
36,340
|
704,651
|
|
Orion OYJ, Class B
|
|
1,279
|
106,155
|
|
Sampo OYJ
|
|
28,331
|
317,102
|
|
Stora Enso OYJ, Class R(b)
|
|
6,817
|
78,762
|
|
UPM-Kymmene OYJ
|
|
6,175
|
170,975
|
|
Wartsila OYJ Abp
|
|
5,887
|
239,525
|
|
|
|
|
2,863,565
|
|
France-7.31%
|
|||
|
Accor S.A.
|
|
2,291
|
125,039
|
|
Aeroports de Paris S.A.
|
|
403
|
53,438
|
|
Air Liquide S.A.
|
|
6,769
|
1,272,178
|
|
Airbus SE
|
|
6,955
|
1,598,125
|
|
Alstom S.A.(a)
|
|
4,054
|
129,907
|
|
Amundi S.A.(c)
|
|
736
|
65,675
|
|
AXA S.A.
|
|
20,296
|
928,838
|
|
bioMerieux
|
|
495
|
57,691
|
|
BNP Paribas S.A.
|
|
11,760
|
1,276,252
|
|
Bollore SE
|
|
8,216
|
47,013
|
|
|
Shares
|
Value
|
|
|
France-(continued)
|
|||
|
Bouygues S.A.
|
|
2,288
|
$124,124
|
|
Bureau Veritas S.A.(b)
|
|
3,985
|
128,752
|
|
Capgemini SE
|
|
1,803
|
281,163
|
|
Carrefour S.A.
|
|
6,892
|
113,295
|
|
Cie de Saint-Gobain S.A.
|
|
5,254
|
520,480
|
|
Cie Generale des Etablissements Michelin
S.C.A.
|
|
7,844
|
292,349
|
|
Covivio S.A.
|
|
695
|
44,562
|
|
Credit Agricole S.A.
|
|
12,484
|
271,340
|
|
Danone S.A.
|
|
7,575
|
595,730
|
|
Dassault Aviation S.A.
|
|
230
|
87,758
|
|
Dassault Systemes SE
|
|
7,847
|
216,613
|
|
Edenred SE
|
|
2,809
|
59,050
|
|
Eiffage S.A.
|
|
804
|
119,672
|
|
ENGIE S.A.
|
|
21,375
|
640,497
|
|
EssilorLuxottica S.A.
|
|
3,524
|
1,081,181
|
|
FDJ United
|
|
1,302
|
34,584
|
|
Gecina S.A.
|
|
541
|
49,872
|
|
Getlink SE
|
|
3,540
|
70,327
|
|
Hermes International S.C.A.
|
|
370
|
893,450
|
|
Ipsen S.A.
|
|
443
|
72,633
|
|
Kering S.A.
|
|
869
|
272,267
|
|
Klepierre S.A.
|
|
2,516
|
97,277
|
|
Legrand S.A.
|
|
3,069
|
491,768
|
|
L’Oreal S.A.
|
|
2,812
|
1,296,631
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
2,928
|
1,896,601
|
|
Orange S.A.
|
|
21,789
|
406,528
|
|
Pernod Ricard S.A.
|
|
2,362
|
211,969
|
|
Publicis Groupe S.A.
|
|
2,680
|
268,833
|
|
Renault S.A.
|
|
2,249
|
85,184
|
|
Rexel S.A.
|
|
2,624
|
110,359
|
|
Safran S.A.
|
|
4,216
|
1,511,806
|
|
Sartorius Stedim Biotech
|
|
342
|
76,703
|
|
Schneider Electric SE
|
|
6,415
|
1,845,866
|
|
Societe Generale S.A.
|
|
8,270
|
727,325
|
|
Sodexo S.A.
|
|
1,037
|
53,174
|
|
STMicroelectronics N.V.
|
|
7,923
|
224,542
|
|
Thales S.A.
|
|
1,084
|
333,044
|
|
TotalEnergies SE
|
|
23,237
|
1,696,130
|
|
Unibail-Rodamco-Westfield
|
|
1,425
|
158,127
|
|
Veolia Environnement S.A.
|
|
7,376
|
277,657
|
|
Vinci S.A.
|
|
5,836
|
842,172
|
|
|
|
|
24,135,551
|
|
Germany-7.10%
|
|||
|
adidas AG
|
|
2,001
|
356,072
|
|
Allianz SE
|
|
4,518
|
1,996,593
|
|
BASF SE
|
|
10,443
|
568,211
|
|
Bayer AG
|
|
11,495
|
610,196
|
|
Bayerische Motoren Werke AG
|
|
3,284
|
339,414
|
|
Bayerische Motoren Werke AG, Preference
Shares
|
|
638
|
66,046
|
|
Beiersdorf AG
|
|
1,138
|
136,232
|
|
Brenntag SE
|
|
1,435
|
87,622
|
|
Commerzbank AG
|
|
8,574
|
353,711
|
|
Continental AG
|
|
1,288
|
101,720
|
|
CTS Eventim AG & Co. KGaA
|
|
741
|
62,500
|
|
Daimler Truck Holding AG
|
|
5,560
|
270,186
|
|
Deutsche Bank AG
|
|
21,658
|
857,749
|
|
Deutsche Boerse AG
|
|
2,205
|
560,388
|
|
Deutsche Lufthansa AG
|
|
7,289
|
75,360
|
|
Deutsche Post AG
|
|
11,234
|
630,580
|
|
Deutsche Telekom AG
|
|
43,051
|
1,449,959
|
|
|
Shares
|
Value
|
|
|
Germany-(continued)
|
|||
|
Dr. Ing. h.c. F. Porsche AG, Preference
Shares(b)(c)
|
|
1,331
|
$65,005
|
|
E.ON SE
|
|
26,272
|
559,247
|
|
Evonik Industries AG
|
|
2,997
|
46,592
|
|
Fresenius Medical Care AG
|
|
2,576
|
116,390
|
|
Fresenius SE & Co. KGaA
|
|
4,944
|
277,560
|
|
GEA Group AG
|
|
1,712
|
122,857
|
|
Hannover Rueck SE
|
|
706
|
200,345
|
|
Heidelberg Materials AG
|
|
1,565
|
430,163
|
|
Henkel AG & Co. KGaA
|
|
1,215
|
100,661
|
|
Henkel AG & Co. KGaA, Preference Shares
|
|
1,877
|
165,496
|
|
Hensoldt AG
|
|
742
|
73,980
|
|
HOCHTIEF AG
|
|
184
|
77,439
|
|
Infineon Technologies AG
|
|
15,281
|
749,684
|
|
Knorr-Bremse AG
|
|
863
|
100,848
|
|
LEG Immobilien SE
|
|
882
|
64,007
|
|
Mercedes-Benz Group AG
|
|
8,449
|
579,536
|
|
Merck KGaA
|
|
1,513
|
226,244
|
|
MTU Aero Engines AG
|
|
628
|
280,206
|
|
Muenchener Rueckversicherungs-Gesellschaft
AG in Muenchen, Class R
|
|
1,529
|
930,053
|
|
Nemetschek SE
|
|
677
|
59,367
|
|
Porsche Automobil Holding SE, Preference
Shares
|
|
1,791
|
76,907
|
|
Rational AG
|
|
62
|
49,862
|
|
Rheinmetall AG
|
|
541
|
1,150,455
|
|
RWE AG
|
|
7,401
|
471,698
|
|
SAP SE
|
|
12,218
|
2,449,626
|
|
Sartorius AG, Preference Shares
|
|
309
|
86,677
|
|
Scout24 SE(c)
|
|
876
|
87,532
|
|
Siemens AG
|
|
8,893
|
2,698,378
|
|
Siemens Energy AG, Class A(a)
|
|
9,071
|
1,551,125
|
|
Siemens Healthineers AG(c)
|
|
3,958
|
198,274
|
|
Symrise AG
|
|
1,553
|
131,217
|
|
Talanx AG
|
|
754
|
95,448
|
|
Volkswagen AG, Preference Shares
|
|
2,411
|
293,528
|
|
Vonovia SE
|
|
8,855
|
260,209
|
|
Zalando SE(a)(c)
|
|
2,627
|
75,814
|
|
|
|
|
23,424,969
|
|
Hong Kong-1.50%
|
|||
|
AIA Group Ltd.
|
|
123,211
|
1,421,982
|
|
CK Asset Holdings Ltd.
|
|
22,779
|
133,484
|
|
CK Hutchison Holdings Ltd.
|
|
31,710
|
255,766
|
|
CK Infrastructure Holdings Ltd.
|
|
7,694
|
63,212
|
|
CLP Holdings Ltd.
|
|
19,421
|
183,634
|
|
Futu Holdings Ltd., ADR(a)
|
|
667
|
108,434
|
|
Henderson Land Development Co. Ltd.
|
|
17,757
|
70,652
|
|
HKT Trust & HKT Ltd.
|
|
44,466
|
66,658
|
|
Hong Kong & China Gas Co. Ltd. (The)
|
|
131,406
|
123,803
|
|
Hong Kong Exchanges & Clearing Ltd.
|
|
14,147
|
780,179
|
|
Hongkong Land Holdings Ltd.
|
|
12,675
|
107,546
|
|
Link REIT(b)
|
|
30,535
|
140,436
|
|
MTR Corp. Ltd.
|
|
18,322
|
81,041
|
|
Power Assets Holdings Ltd.(b)
|
|
16,179
|
125,535
|
|
Prudential PLC
|
|
29,984
|
493,899
|
|
Sino Land Co. Ltd.
|
|
42,635
|
64,181
|
|
Sun Hung Kai Properties Ltd.
|
|
16,704
|
268,330
|
|
Swire Pacific Ltd., Class A(b)
|
|
3,239
|
31,266
|
|
Techtronic Industries Co. Ltd.
|
|
17,663
|
241,201
|
|
|
Shares
|
Value
|
|
|
Hong Kong-(continued)
|
|||
|
WH Group Ltd.
|
|
97,455
|
$115,042
|
|
Wharf Real Estate Investment Co. Ltd.
|
|
20,008
|
69,484
|
|
|
|
|
4,945,765
|
|
Indonesia-0.04%
|
|||
|
Jardine Matheson Holdings Ltd.
|
|
1,908
|
139,051
|
|
Ireland-0.34%
|
|||
|
AerCap Holdings N.V.
|
|
2,062
|
296,227
|
|
AIB Group PLC(a)
|
|
25,003
|
280,501
|
|
Bank of Ireland Group PLC
|
|
11,164
|
227,647
|
|
Kerry Group PLC, Class A
|
|
1,898
|
169,329
|
|
Kingspan Group PLC
|
|
1,797
|
157,041
|
|
|
|
|
1,130,745
|
|
Israel-0.76%
|
|||
|
Azrieli Group Ltd.
|
|
501
|
67,388
|
|
Bank Hapoalim B.M.
|
|
14,636
|
362,906
|
|
Bank Leumi le-Israel B.M.
|
|
17,424
|
420,115
|
|
Check Point Software Technologies Ltd.(a)
|
|
1,003
|
180,049
|
|
Elbit Systems Ltd.
|
|
327
|
231,979
|
|
ICL Group Ltd.
|
|
9,442
|
51,422
|
|
Israel Discount Bank Ltd., Class A
|
|
14,314
|
169,143
|
|
Mizrahi Tefahot Bank Ltd.
|
|
1,823
|
143,038
|
|
Nice Ltd.(a)
|
|
722
|
76,597
|
|
Nova Ltd.(a)
|
|
345
|
168,914
|
|
Phoenix Finance Ltd.
|
|
2,679
|
130,422
|
|
Teva Pharmaceutical Industries Ltd., ADR(a)
|
|
13,418
|
457,286
|
|
Wix.com Ltd.(a)
|
|
654
|
56,793
|
|
|
|
|
2,516,052
|
|
Italy-2.49%
|
|||
|
Assicurazioni Generali S.p.A.
|
|
9,973
|
408,279
|
|
Banca Mediolanum S.p.A.
|
|
2,730
|
64,273
|
|
Banca Monte dei Paschi di Siena S.p.A.
|
|
23,109
|
240,598
|
|
Banco BPM S.p.A.
|
|
13,296
|
200,021
|
|
BPER Banca S.p.A.
|
|
17,241
|
243,694
|
|
Coca-Cola HBC AG(a)
|
|
2,554
|
139,102
|
|
Davide Campari-Milano N.V.(b)
|
|
7,205
|
51,538
|
|
Enel S.p.A.
|
|
95,174
|
1,055,351
|
|
Eni S.p.A.
|
|
23,934
|
490,965
|
|
Ferrari N.V.
|
|
1,473
|
493,096
|
|
FinecoBank Banca Fineco S.p.A.
|
|
7,154
|
190,342
|
|
Infrastrutture Wireless Italiane S.p.A.(b)(c)
|
|
3,556
|
31,551
|
|
Intesa Sanpaolo S.p.A.
|
|
166,667
|
1,184,182
|
|
Leonardo S.p.A.
|
|
4,736
|
317,639
|
|
Moncler S.p.A.
|
|
2,733
|
159,812
|
|
Nexi S.p.A.(b)(c)
|
|
6,768
|
29,001
|
|
Poste Italiane S.p.A.(c)
|
|
5,348
|
141,368
|
|
Prysmian S.p.A.
|
|
3,295
|
391,687
|
|
Recordati Industria Chimica e Farmaceutica
S.p.A.
|
|
1,344
|
74,322
|
|
Ryanair Holdings PLC
|
|
9,871
|
336,231
|
|
Snam S.p.A.(b)
|
|
23,595
|
162,749
|
|
Telecom Italia S.p.A.(a)
|
|
134,539
|
91,593
|
|
Terna S.p.A.
|
|
16,464
|
179,057
|
|
UniCredit S.p.A.
|
|
16,407
|
1,434,993
|
|
Unipol Assicurazioni S.p.A.
|
|
4,196
|
93,791
|
|
|
|
|
8,205,235
|
|
Ivory Coast-0.04%
|
|||
|
Endeavour Mining PLC
|
|
2,260
|
129,002
|
|
Japan-17.08%
|
|||
|
Advantest Corp.
|
|
8,971
|
1,488,492
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
AEON Co. Ltd.
|
|
26,054
|
$357,511
|
|
AGC, Inc.
|
|
2,295
|
84,959
|
|
Aisin Corp.
|
|
5,782
|
103,920
|
|
Ajinomoto Co., Inc.
|
|
10,548
|
242,087
|
|
ANA Holdings, Inc.(b)
|
|
1,910
|
37,203
|
|
Asahi Group Holdings Ltd.
|
|
17,538
|
184,198
|
|
Asahi Kasei Corp.
|
|
15,172
|
147,661
|
|
Asics Corp.
|
|
8,168
|
197,263
|
|
Astellas Pharma, Inc.
|
|
21,182
|
295,594
|
|
Bandai Namco Holdings, Inc.
|
|
6,849
|
178,299
|
|
Bridgestone Corp.
|
|
13,396
|
302,579
|
|
Canon, Inc.(b)
|
|
10,180
|
310,872
|
|
Capcom Co. Ltd.
|
|
4,169
|
106,608
|
|
Central Japan Railway Co.
|
|
9,000
|
251,897
|
|
Chiba Bank Ltd. (The)(b)
|
|
6,626
|
89,998
|
|
Chubu Electric Power Co., Inc.
|
|
7,955
|
115,950
|
|
Chugai Pharmaceutical Co. Ltd.
|
|
7,911
|
453,347
|
|
Dai Nippon Printing Co. Ltd.
|
|
4,562
|
82,118
|
|
Daifuku Co. Ltd.
|
|
3,751
|
134,996
|
|
Dai-ichi Life Holdings, Inc.
|
|
41,112
|
362,717
|
|
Daiichi Sankyo Co. Ltd.
|
|
21,019
|
386,308
|
|
Daikin Industries Ltd.
|
|
3,131
|
376,405
|
|
Daito Trust Construction Co. Ltd.
|
|
3,422
|
69,683
|
|
Daiwa House Industry Co. Ltd.
|
|
6,589
|
225,242
|
|
Daiwa Securities Group, Inc.
|
|
15,615
|
152,652
|
|
Denso Corp.
|
|
20,397
|
283,921
|
|
Disco Corp.
|
|
1,075
|
459,705
|
|
East Japan Railway Co.
|
|
11,289
|
284,320
|
|
Ebara Corp.
|
|
5,371
|
163,133
|
|
Eisai Co. Ltd.(b)
|
|
3,096
|
86,594
|
|
ENEOS Holdings, Inc.
|
|
31,632
|
268,218
|
|
FANUC Corp.
|
|
10,961
|
441,561
|
|
Fast Retailing Co. Ltd.
|
|
2,271
|
869,270
|
|
Fuji Electric Co. Ltd.
|
|
1,576
|
112,627
|
|
FUJIFILM Holdings Corp.
|
|
13,111
|
262,744
|
|
Fujikura Ltd.
|
|
2,969
|
374,374
|
|
Fujitsu Ltd.
|
|
20,632
|
575,134
|
|
Hankyu Hanshin Holdings, Inc.
|
|
2,777
|
77,794
|
|
Hikari Tsushin, Inc.
|
|
223
|
61,788
|
|
Hitachi Ltd.
|
|
53,612
|
1,866,374
|
|
Honda Motor Co. Ltd.
|
|
43,218
|
436,076
|
|
Hoya Corp.
|
|
3,977
|
669,328
|
|
Hulic Co. Ltd.
|
|
5,435
|
64,978
|
|
Idemitsu Kosan Co. Ltd.
|
|
8,997
|
76,589
|
|
IHI Corp.
|
|
11,997
|
278,465
|
|
Inpex Corp.
|
|
10,341
|
232,433
|
|
Isuzu Motors Ltd.(b)
|
|
6,209
|
100,350
|
|
ITOCHU Corp.
|
|
69,515
|
892,856
|
|
Japan Airlines Co. Ltd.
|
|
1,791
|
33,951
|
|
Japan Exchange Group, Inc.
|
|
11,622
|
127,233
|
|
Japan Post Bank Co. Ltd.
|
|
20,903
|
372,596
|
|
Japan Post Holdings Co. Ltd.
|
|
20,901
|
252,313
|
|
Japan Post Insurance Co. Ltd.
|
|
2,180
|
67,738
|
|
Japan Tobacco, Inc.
|
|
14,076
|
510,379
|
|
JFE Holdings, Inc.(b)
|
|
6,705
|
90,563
|
|
JX Advanced Metals Corp.
|
|
6,483
|
105,244
|
|
Kajima Corp.
|
|
4,921
|
201,407
|
|
Kansai Electric Power Co., Inc. (The)
|
|
11,084
|
177,418
|
|
Kao Corp.
|
|
5,456
|
218,961
|
|
Kawasaki Heavy Industries Ltd.
|
|
1,720
|
144,044
|
|
Kawasaki Kisen Kaisha Ltd.(b)
|
|
4,108
|
59,553
|
|
KDDI Corp.
|
|
34,287
|
580,777
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
Keyence Corp.
|
|
2,233
|
$821,855
|
|
Kikkoman Corp.
|
|
7,982
|
72,436
|
|
Kioxia Holdings Corp.(a)
|
|
2,238
|
307,120
|
|
Kirin Holdings Co. Ltd.
|
|
9,049
|
141,143
|
|
Kobe Bussan Co. Ltd.
|
|
1,808
|
44,330
|
|
Komatsu Ltd.
|
|
11,161
|
428,574
|
|
Konami Group Corp.
|
|
1,178
|
172,573
|
|
Kubota Corp.
|
|
11,489
|
176,601
|
|
Kyocera Corp.
|
|
15,007
|
225,877
|
|
Kyowa Kirin Co. Ltd.
|
|
2,893
|
47,117
|
|
Lasertec Corp.(b)
|
|
972
|
224,029
|
|
LY Corp.
|
|
32,175
|
82,649
|
|
M3, Inc.
|
|
5,378
|
66,574
|
|
Makita Corp.
|
|
2,654
|
92,514
|
|
Marubeni Corp.
|
|
16,473
|
547,819
|
|
MatsukiyoCocokara & Co.
|
|
3,950
|
63,480
|
|
MINEBEA MITSUMI, Inc.
|
|
4,399
|
90,193
|
|
Mitsubishi Chemical Group Corp.
|
|
14,951
|
99,030
|
|
Mitsubishi Corp.
|
|
37,718
|
1,005,277
|
|
Mitsubishi Electric Corp.
|
|
22,222
|
696,954
|
|
Mitsubishi Estate Co. Ltd.
|
|
12,395
|
316,922
|
|
Mitsubishi HC Capital, Inc.
|
|
10,302
|
90,196
|
|
Mitsubishi Heavy Industries Ltd.
|
|
37,519
|
1,108,288
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
134,201
|
2,438,307
|
|
Mitsui & Co. Ltd.
|
|
28,905
|
947,243
|
|
Mitsui Fudosan Co. Ltd.
|
|
30,885
|
355,303
|
|
Mitsui OSK Lines Ltd.(b)
|
|
4,061
|
127,704
|
|
Mizuho Financial Group, Inc.
|
|
29,109
|
1,267,949
|
|
MonotaRO Co. Ltd.
|
|
2,916
|
39,461
|
|
MS&AD Insurance Group Holdings, Inc.
|
|
15,008
|
383,607
|
|
Murata Manufacturing Co. Ltd.
|
|
19,575
|
398,966
|
|
NEC Corp.
|
|
15,143
|
515,006
|
|
Nexon Co. Ltd.
|
|
4,349
|
104,384
|
|
Nidec Corp.
|
|
9,720
|
139,493
|
|
Nintendo Co. Ltd.
|
|
12,931
|
803,355
|
|
Nippon Building Fund, Inc.(b)
|
|
92
|
85,615
|
|
Nippon Paint Holdings Co. Ltd.
|
|
11,061
|
73,683
|
|
Nippon Sanso Holdings Corp.(b)
|
|
2,044
|
62,222
|
|
Nippon Steel Corp.
|
|
56,570
|
236,494
|
|
Nippon Yusen K.K.(b)
|
|
4,814
|
158,724
|
|
Nissan Motor Co. Ltd.(a)(b)
|
|
26,042
|
63,680
|
|
Nitori Holdings Co. Ltd.(b)
|
|
4,696
|
80,533
|
|
Nitto Denko Corp.
|
|
7,953
|
177,315
|
|
Nomura Holdings, Inc.
|
|
35,219
|
320,201
|
|
Nomura Research Institute Ltd.
|
|
4,373
|
133,460
|
|
NTT, Inc.
|
|
349,699
|
352,545
|
|
Obayashi Corp.
|
|
7,449
|
168,694
|
|
OBIC Co. Ltd.
|
|
3,796
|
105,848
|
|
Olympus Corp.
|
|
13,297
|
159,341
|
|
Oriental Land Co. Ltd.
|
|
12,634
|
221,893
|
|
ORIX Corp.
|
|
13,596
|
415,687
|
|
Osaka Gas Co. Ltd.
|
|
4,182
|
157,512
|
|
Otsuka Corp.
|
|
2,629
|
52,293
|
|
Otsuka Holdings Co. Ltd.
|
|
5,054
|
303,556
|
|
Pan Pacific International Holdings Corp.
|
|
22,285
|
132,367
|
|
Panasonic Holdings Corp.
|
|
27,311
|
375,667
|
|
Rakuten Group, Inc.(a)
|
|
17,742
|
106,721
|
|
Recruit Holdings Co. Ltd.
|
|
16,470
|
870,349
|
|
Renesas Electronics Corp.(a)
|
|
20,752
|
346,130
|
|
Resona Holdings, Inc.
|
|
24,259
|
283,780
|
|
Ryohin Keikaku Co. Ltd.(b)
|
|
6,048
|
121,017
|
|
Sanrio Co. Ltd.(b)
|
|
2,057
|
63,847
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
SBI Holdings, Inc.
|
|
6,697
|
$151,937
|
|
SCREEN Holdings Co. Ltd.
|
|
972
|
124,188
|
|
Secom Co. Ltd.
|
|
4,652
|
170,972
|
|
Seibu Holdings, Inc.
|
|
2,483
|
66,003
|
|
Sekisui Chemical Co. Ltd.
|
|
4,375
|
77,633
|
|
Sekisui House Ltd.(b)
|
|
6,951
|
155,418
|
|
Seven & i Holdings Co. Ltd.
|
|
24,372
|
350,153
|
|
SG Holdings Co. Ltd.(b)
|
|
3,405
|
32,885
|
|
Shimadzu Corp.
|
|
2,762
|
75,099
|
|
Shimano, Inc.
|
|
865
|
98,919
|
|
Shin-Etsu Chemical Co. Ltd.
|
|
19,700
|
649,926
|
|
Shionogi & Co. Ltd.
|
|
8,880
|
183,425
|
|
Shiseido Co. Ltd.
|
|
4,806
|
82,351
|
|
SMC Corp.
|
|
627
|
244,550
|
|
SoftBank Corp.
|
|
336,127
|
458,365
|
|
SoftBank Group Corp.
|
|
44,738
|
1,225,638
|
|
Sompo Holdings, Inc.
|
|
10,352
|
358,141
|
|
Sony Financial Group, Inc.(a)
|
|
71,135
|
71,829
|
|
Sony Group Corp.
|
|
71,960
|
1,591,710
|
|
Subaru Corp.
|
|
6,879
|
148,158
|
|
Sumitomo Corp.
|
|
12,736
|
518,874
|
|
Sumitomo Electric Industries Ltd.
|
|
8,384
|
368,237
|
|
Sumitomo Metal Mining Co. Ltd.
|
|
2,910
|
164,972
|
|
Sumitomo Mitsui Financial Group, Inc.
|
|
42,834
|
1,512,234
|
|
Sumitomo Mitsui Trust Group, Inc.
|
|
7,449
|
249,594
|
|
Sumitomo Realty & Development Co. Ltd.
|
|
7,154
|
199,863
|
|
Suntory Beverage & Food Ltd.
|
|
1,638
|
52,058
|
|
Suzuki Motor Corp.(b)
|
|
18,393
|
251,603
|
|
Sysmex Corp.
|
|
5,915
|
56,151
|
|
T&D Holdings, Inc.
|
|
5,381
|
133,336
|
|
Taisei Corp.
|
|
1,761
|
176,226
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
18,648
|
636,830
|
|
TDK Corp.
|
|
22,712
|
294,008
|
|
Terumo Corp.
|
|
15,640
|
205,254
|
|
TIS, Inc.
|
|
2,523
|
73,654
|
|
Toho Co. Ltd.
|
|
1,220
|
62,397
|
|
Tokio Marine Holdings, Inc.
|
|
21,497
|
803,845
|
|
Tokyo Electron Ltd.
|
|
5,221
|
1,395,692
|
|
Tokyo Gas Co. Ltd.
|
|
3,683
|
163,928
|
|
Tokyo Metro Co. Ltd.
|
|
3,582
|
38,372
|
|
Tokyu Corp.
|
|
5,826
|
65,988
|
|
TOPPAN Holdings, Inc.
|
|
2,747
|
85,129
|
|
Toray Industries, Inc.
|
|
16,220
|
120,030
|
|
Toyota Industries Corp.(b)
|
|
1,931
|
247,884
|
|
Toyota Motor Corp.
|
|
110,844
|
2,520,479
|
|
Toyota Tsusho Corp.
|
|
8,037
|
293,650
|
|
Trend Micro, Inc.(a)
|
|
1,460
|
57,458
|
|
Tsuruha Holdings, Inc.
|
|
2,800
|
44,762
|
|
Unicharm Corp.
|
|
13,056
|
79,549
|
|
West Japan Railway Co.
|
|
4,803
|
98,465
|
|
Yamaha Motor Co. Ltd.(b)
|
|
10,675
|
80,876
|
|
Yokogawa Electric Corp.
|
|
2,629
|
87,932
|
|
Yokohama Financial Group, Inc.
|
|
12,041
|
110,022
|
|
Zensho Holdings Co. Ltd.
|
|
1,089
|
59,212
|
|
ZOZO, Inc.
|
|
5,462
|
45,259
|
|
|
|
|
56,361,994
|
|
Luxembourg-0.14%
|
|||
|
ArcelorMittal S.A.
|
|
5,487
|
299,069
|
|
CVC Capital Partners PLC(c)
|
|
2,603
|
46,415
|
|
Eurofins Scientific SE
|
|
1,387
|
112,606
|
|
|
|
|
458,090
|
|
|
Shares
|
Value
|
|
|
Macau-0.05%
|
|||
|
Galaxy Entertainment Group Ltd.
|
|
22,585
|
$114,784
|
|
Sands China Ltd.
|
|
28,485
|
61,840
|
|
|
|
|
176,624
|
|
Mexico-0.04%
|
|||
|
Fresnillo PLC
|
|
2,588
|
127,814
|
|
Netherlands-4.09%
|
|||
|
ABN AMRO Bank N.V., CVA(c)
|
|
6,825
|
252,368
|
|
Adyen N.V.(a)(c)
|
|
293
|
436,050
|
|
Akzo Nobel N.V.
|
|
2,002
|
140,763
|
|
argenx SE(a)
|
|
720
|
607,696
|
|
ASM International N.V.
|
|
550
|
463,584
|
|
ASML Holding N.V.
|
|
4,540
|
6,533,552
|
|
ASR Nederland N.V.
|
|
1,838
|
133,980
|
|
BE Semiconductor Industries N.V.
|
|
854
|
166,828
|
|
Euronext N.V.(c)
|
|
894
|
125,662
|
|
EXOR N.V.
|
|
1,093
|
90,068
|
|
Heineken Holding N.V.
|
|
1,518
|
113,241
|
|
Heineken N.V.
|
|
3,368
|
279,036
|
|
IMCD N.V.(b)
|
|
692
|
64,918
|
|
ING Groep N.V.
|
|
35,359
|
1,046,553
|
|
JDE Peet’s N.V.
|
|
2,057
|
77,721
|
|
Koninklijke Ahold Delhaize N.V.
|
|
10,497
|
411,923
|
|
Koninklijke KPN N.V.
|
|
45,505
|
223,670
|
|
Koninklijke Philips N.V.
|
|
9,014
|
259,784
|
|
Magnum Ice Cream Co. N.V. (The)(a)
|
|
5,804
|
103,529
|
|
Nebius Group N.V., Class A(a)(b)
|
|
2,482
|
211,442
|
|
NN Group N.V.
|
|
3,150
|
250,598
|
|
Prosus N.V.(a)
|
|
15,309
|
883,481
|
|
Randstad N.V.
|
|
1,318
|
47,338
|
|
Universal Music Group N.V.
|
|
12,879
|
316,907
|
|
Wolters Kluwer N.V.
|
|
2,721
|
256,437
|
|
|
|
|
13,497,129
|
|
New Zealand-0.17%
|
|||
|
Auckland International Airport Ltd.
|
|
19,836
|
99,294
|
|
Contact Energy Ltd.
|
|
10,167
|
57,561
|
|
Fisher & Paykel Healthcare Corp. Ltd.
|
|
6,872
|
161,273
|
|
Infratil Ltd.
|
|
11,205
|
74,879
|
|
Meridian Energy Ltd.
|
|
15,955
|
54,373
|
|
Xero Ltd.(a)
|
|
1,934
|
126,801
|
|
|
|
|
574,181
|
|
Norway-0.44%
|
|||
|
Aker BP ASA
|
|
3,697
|
109,188
|
|
DNB Bank ASA
|
|
10,376
|
298,490
|
|
Equinor ASA
|
|
8,977
|
242,079
|
|
Gjensidige Forsikring ASA
|
|
2,414
|
68,934
|
|
Kongsberg Gruppen ASA
|
|
5,144
|
177,281
|
|
Mowi ASA
|
|
5,446
|
125,953
|
|
Norsk Hydro ASA
|
|
16,207
|
144,355
|
|
Orkla ASA
|
|
8,201
|
97,898
|
|
SalMar ASA
|
|
820
|
49,008
|
|
Telenor ASA
|
|
7,206
|
121,838
|
|
|
|
|
1,435,024
|
|
Poland-0.01%
|
|||
|
InPost S.A.(a)(b)
|
|
3,069
|
48,278
|
|
Portugal-0.14%
|
|||
|
Banco Comercial Portugues S.A., Class R
|
|
88,430
|
96,064
|
|
EDP S.A.
|
|
36,719
|
188,442
|
|
|
Shares
|
Value
|
|
|
Portugal-(continued)
|
|||
|
Galp Energia SGPS S.A.
|
|
4,881
|
$97,473
|
|
Jeronimo Martins SGPS S.A.
|
|
3,314
|
78,431
|
|
|
|
|
460,410
|
|
Singapore-1.24%
|
|||
|
CapitaLand Ascendas REIT
|
|
45,857
|
102,872
|
|
CapitaLand Integrated Commercial Trust
|
|
71,222
|
134,039
|
|
CapitaLand Investment Ltd.
|
|
28,443
|
69,033
|
|
DBS Group Holdings Ltd.
|
|
24,922
|
1,161,263
|
|
Grab Holdings Ltd., Class A(a)(b)
|
|
27,752
|
119,334
|
|
Keppel Ltd.
|
|
17,067
|
147,183
|
|
Oversea-Chinese Banking Corp. Ltd.
|
|
39,647
|
663,307
|
|
Sea Ltd., ADR(a)
|
|
4,477
|
521,526
|
|
Sembcorp Industries Ltd.(b)
|
|
10,818
|
51,386
|
|
Singapore Airlines Ltd.(b)
|
|
18,284
|
91,497
|
|
Singapore Exchange Ltd.
|
|
9,995
|
138,830
|
|
Singapore Technologies Engineering Ltd.(b)
|
|
18,243
|
140,587
|
|
Singapore Telecommunications Ltd.
|
|
86,972
|
314,622
|
|
United Overseas Bank Ltd.
|
|
14,716
|
444,611
|
|
|
|
|
4,100,090
|
|
South Africa-0.18%
|
|||
|
Anglo American PLC
|
|
13,098
|
609,057
|
|
South Korea-0.02%
|
|||
|
Delivery Hero SE(a)(c)
|
|
2,351
|
65,806
|
|
Spain-2.87%
|
|||
|
Acciona S.A.
|
|
287
|
61,905
|
|
ACS Actividades de Construccion y Servicios
S.A.
|
|
2,079
|
234,102
|
|
ACS Actividades de Construccion y Servicios
S.A., Rts., expiring 03-31-2026(a)
|
|
2,062
|
1,138
|
|
Aena S.M.E. S.A.(c)
|
|
8,776
|
273,550
|
|
Amadeus IT Group S.A.
|
|
5,274
|
354,887
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
67,442
|
1,718,137
|
|
Banco de Sabadell S.A.
|
|
58,788
|
231,449
|
|
Banco Santander S.A.
|
|
174,187
|
2,232,100
|
|
Bankinter S.A.
|
|
7,891
|
135,188
|
|
CaixaBank S.A.
|
|
45,601
|
604,126
|
|
Cellnex Telecom S.A.(c)
|
|
5,787
|
179,642
|
|
EDP Renovaveis S.A.
|
|
3,840
|
58,547
|
|
Endesa S.A.
|
|
3,715
|
137,636
|
|
Grifols S.A.
|
|
3,488
|
44,787
|
|
Iberdrola S.A.
|
|
75,290
|
1,698,868
|
|
Iberdrola S.A., Rts., expiring
03/31/2026(a)(b)
|
|
70,969
|
21,884
|
|
Industria de Diseno Textil S.A.
|
|
12,765
|
833,634
|
|
Mapfre S.A.
|
|
11,280
|
51,802
|
|
Naturgy Energy Group S.A.
|
|
2,837
|
89,408
|
|
Redeia Corp. S.A.
|
|
4,748
|
82,352
|
|
Repsol S.A.
|
|
13,206
|
261,117
|
|
Telefonica S.A.(b)
|
|
43,126
|
175,220
|
|
|
|
|
9,481,479
|
|
Sweden-2.86%
|
|||
|
Addtech AB, Class B
|
|
3,043
|
99,420
|
|
Alfa Laval AB
|
|
3,388
|
197,466
|
|
Assa Abloy AB, Class B(b)
|
|
11,728
|
477,169
|
|
Atlas Copco AB, Class A
|
|
31,434
|
652,284
|
|
Atlas Copco AB, Class B
|
|
18,263
|
330,559
|
|
Beijer Ref AB(b)
|
|
4,783
|
68,510
|
|
Boliden AB(a)
|
|
3,325
|
234,292
|
|
Epiroc AB, Class A
|
|
7,711
|
217,513
|
|
Epiroc AB, Class B
|
|
4,566
|
114,573
|
|
|
Shares
|
Value
|
|
|
Sweden-(continued)
|
|||
|
EQT AB(b)
|
|
5,780
|
$220,753
|
|
Essity AB, Class B
|
|
7,056
|
210,223
|
|
Evolution AB(b)(c)
|
|
1,554
|
101,580
|
|
Fastighets AB Balder, Class B(a)
|
|
8,736
|
66,303
|
|
H & M Hennes & Mauritz AB, Class B(b)
|
|
5,776
|
116,387
|
|
Hexagon AB, Class B
|
|
24,294
|
275,625
|
|
Holmen AB, Class B(b)
|
|
854
|
32,210
|
|
Industrivarden AB, Class A
|
|
1,442
|
72,536
|
|
Industrivarden AB, Class C
|
|
1,824
|
91,887
|
|
Indutrade AB
|
|
3,197
|
75,520
|
|
Investment AB Latour, Class B
|
|
1,734
|
43,450
|
|
Investor AB, Class B
|
|
21,319
|
827,184
|
|
L E Lundbergforetagen AB, Class B
|
|
937
|
56,164
|
|
Lifco AB, Class B
|
|
2,728
|
94,325
|
|
NIBE Industrier AB, Class B(b)
|
|
17,735
|
68,363
|
|
Saab AB, Class B
|
|
3,750
|
294,412
|
|
Sagax AB, Class B
|
|
2,654
|
58,889
|
|
Sandvik AB
|
|
12,475
|
495,667
|
|
Securitas AB, Class B
|
|
5,757
|
95,797
|
|
Skandinaviska Enskilda Banken AB, Class A
|
|
17,717
|
383,194
|
|
Skanska AB, Class B
|
|
3,984
|
121,758
|
|
SKF AB, Class B
|
|
3,993
|
105,055
|
|
Spotify Technology S.A.(a)
|
|
1,827
|
914,139
|
|
Svenska Cellulosa AB S.C.A., Class B(b)
|
|
7,109
|
89,567
|
|
Svenska Handelsbanken AB, Class A
|
|
17,067
|
270,742
|
|
Swedbank AB, Class A
|
|
9,935
|
388,686
|
|
Swedish Orphan Biovitrum AB, Class B(a)
|
|
2,298
|
87,812
|
|
Tele2 AB, Class B
|
|
6,406
|
118,597
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
32,751
|
356,913
|
|
Telia Co. AB
|
|
27,606
|
126,904
|
|
Trelleborg AB, Class B
|
|
2,373
|
96,626
|
|
Volvo AB, Class B
|
|
18,593
|
679,839
|
|
|
|
|
9,428,893
|
|
Switzerland-5.71%
|
|||
|
ABB Ltd.
|
|
18,341
|
1,585,277
|
|
Avolta AG(a)
|
|
1,030
|
63,304
|
|
Banque Cantonale Vaudoise(b)
|
|
353
|
47,958
|
|
Barry Callebaut AG(b)
|
|
35
|
61,981
|
|
Belimo Holding AG
|
|
115
|
126,274
|
|
BKW AG(a)
|
|
254
|
48,209
|
|
Chocoladefabriken Lindt & Spruengli AG
|
|
1
|
148,388
|
|
Chocoladefabriken Lindt & Spruengli AG, PC
|
|
11
|
158,702
|
|
Cie Financiere Richemont S.A.
|
|
6,290
|
1,225,707
|
|
DSM-Firmenich AG
|
|
2,020
|
159,862
|
|
EMS-Chemie Holding AG
|
|
84
|
65,562
|
|
Galderma Group AG, Class A
|
|
1,808
|
338,322
|
|
Geberit AG
|
|
395
|
302,793
|
|
Givaudan S.A.
|
|
108
|
419,099
|
|
Helvetia Baloise Holding AG
|
|
931
|
237,041
|
|
Julius Baer Group Ltd.
|
|
2,409
|
202,009
|
|
Kuehne + Nagel International AG, Class R
|
|
566
|
131,575
|
|
Logitech International S.A., Class R
|
|
1,787
|
154,554
|
|
Lonza Group AG
|
|
822
|
560,684
|
|
Nestle S.A.
|
|
30,151
|
2,888,415
|
|
Partners Group Holding AG
|
|
264
|
361,378
|
|
Roche Holding AG
|
|
8,219
|
3,752,068
|
|
Roche Holding AG, BR
|
|
374
|
173,507
|
|
Sandoz Group AG
|
|
4,890
|
388,924
|
|
Schindler Holding AG
|
|
277
|
102,272
|
|
Schindler Holding AG, PC
|
|
476
|
184,377
|
|
SGS S.A.
|
|
1,936
|
233,924
|
|
Sika AG
|
|
1,784
|
343,667
|
|
|
Shares
|
Value
|
|
|
Switzerland-(continued)
|
|||
|
Sonova Holding AG, Class A
|
|
593
|
$162,926
|
|
Straumann Holding AG(a)
|
|
1,306
|
157,684
|
|
Swatch Group AG (The), BR(b)
|
|
339
|
80,294
|
|
Swiss Life Holding AG
|
|
335
|
368,776
|
|
Swiss Prime Site AG
|
|
939
|
160,479
|
|
Swisscom AG
|
|
305
|
251,405
|
|
UBS Group AG
|
|
37,148
|
1,764,520
|
|
VAT Group AG(c)
|
|
318
|
206,441
|
|
Zurich Insurance Group AG
|
|
1,710
|
1,221,271
|
|
|
|
|
18,839,629
|
|
United Kingdom-9.48%
|
|||
|
3i Group PLC
|
|
11,623
|
535,473
|
|
Admiral Group PLC
|
|
3,048
|
115,035
|
|
Ashtead Group PLC
|
|
4,935
|
318,620
|
|
Associated British Foods PLC
|
|
3,770
|
98,807
|
|
AstraZeneca PLC
|
|
18,144
|
3,390,121
|
|
Auto Trader Group PLC(c)
|
|
10,126
|
74,857
|
|
Aviva PLC
|
|
35,772
|
312,744
|
|
BAE Systems PLC
|
|
35,163
|
957,290
|
|
Barclays PLC
|
|
163,388
|
1,093,571
|
|
Barratt Redrow PLC
|
|
15,909
|
84,953
|
|
British American Tobacco PLC
|
|
25,581
|
1,549,847
|
|
BT Group PLC
|
|
69,982
|
184,474
|
|
Bunzl PLC
|
|
3,800
|
106,867
|
|
Centrica PLC
|
|
55,237
|
145,051
|
|
Coca-Cola Europacific Partners PLC
|
|
2,434
|
223,198
|
|
Compass Group PLC
|
|
19,864
|
597,329
|
|
DCC PLC
|
|
996
|
63,316
|
|
Diageo PLC
|
|
26,052
|
601,173
|
|
Entain PLC
|
|
7,392
|
61,501
|
|
Haleon PLC
|
|
104,223
|
546,630
|
|
Halma PLC
|
|
4,445
|
216,503
|
|
Hikma Pharmaceuticals PLC
|
|
1,945
|
40,915
|
|
HSBC Holdings PLC
|
|
201,443
|
3,563,773
|
|
Imperial Brands PLC
|
|
8,957
|
378,325
|
|
Informa PLC
|
|
15,146
|
183,300
|
|
InterContinental Hotels Group PLC
|
|
1,693
|
228,725
|
|
International Consolidated Airlines Group
S.A.
|
|
13,830
|
79,614
|
|
Intertek Group PLC
|
|
1,806
|
111,110
|
|
J Sainsbury PLC
|
|
20,115
|
88,389
|
|
JD Sports Fashion PLC
|
|
31,607
|
35,473
|
|
Kingfisher PLC
|
|
20,349
|
94,043
|
|
Land Securities Group PLC
|
|
8,282
|
74,131
|
|
Legal & General Group PLC
|
|
66,669
|
242,753
|
|
Lloyds Banking Group PLC
|
|
692,778
|
1,037,409
|
|
London Stock Exchange Group PLC
|
|
5,466
|
611,427
|
|
M&G PLC
|
|
26,736
|
113,664
|
|
Marks & Spencer Group PLC
|
|
24,069
|
121,055
|
|
Melrose Industries PLC
|
|
14,767
|
127,328
|
|
National Grid PLC(b)
|
|
58,055
|
989,141
|
|
NatWest Group PLC
|
|
94,024
|
859,452
|
|
Next PLC
|
|
1,364
|
248,352
|
|
Pearson PLC
|
|
6,746
|
88,983
|
|
Phoenix Group Holdings PLC
|
|
8,220
|
83,553
|
|
Reckitt Benckiser Group PLC
|
|
7,901
|
661,052
|
|
RELX PLC
|
|
21,355
|
759,236
|
|
Rentokil Initial PLC
|
|
29,561
|
184,003
|
|
Rolls-Royce Holdings PLC
|
|
98,486
|
1,651,082
|
|
Sage Group PLC (The)
|
|
11,273
|
148,247
|
|
Schroders PLC
|
|
8,483
|
52,691
|
|
Segro PLC
|
|
15,046
|
157,205
|
|
|
Shares
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
Severn Trent PLC
|
|
3,172
|
$127,769
|
|
Shell PLC
|
|
67,783
|
2,612,974
|
|
Smith & Nephew PLC
|
|
9,435
|
161,262
|
|
Smiths Group PLC
|
|
3,818
|
131,491
|
|
Spirax Group PLC
|
|
860
|
85,938
|
|
SSE PLC
|
|
14,110
|
470,318
|
|
Standard Chartered PLC
|
|
22,771
|
584,290
|
|
Tesco PLC
|
|
76,066
|
443,875
|
|
Unilever PLC
|
|
25,501
|
1,739,765
|
|
United Utilities Group PLC
|
|
7,977
|
137,000
|
|
Vodafone Group PLC
|
|
224,103
|
330,983
|
|
Whitbread PLC
|
|
2,024
|
75,768
|
|
Wise PLC, Class A(a)
|
|
7,797
|
100,850
|
|
|
|
|
31,294,074
|
|
United States-3.20%
|
|||
|
A.P. Moller - Maersk A/S, Class A
|
|
29
|
71,375
|
|
A.P. Moller - Maersk A/S, Class B(b)
|
|
44
|
109,201
|
|
Aegon Ltd.
|
|
15,474
|
121,981
|
|
Alcon AG(b)
|
|
5,845
|
474,951
|
|
BP PLC
|
|
184,105
|
1,170,657
|
|
Buzzi S.p.A.
|
|
943
|
53,872
|
|
CyberArk Software Ltd.(a)
|
|
591
|
254,621
|
|
Experian PLC
|
|
10,739
|
407,896
|
|
Ferrovial SE
|
|
6,011
|
407,487
|
|
GSK PLC
|
|
47,565
|
1,233,617
|
|
Holcim AG(a)
|
|
5,968
|
617,511
|
|
Monday.com Ltd.(a)
|
|
517
|
59,326
|
|
Novartis AG
|
|
22,247
|
3,313,643
|
|
Oracle Corp.
|
|
492
|
33,399
|
|
Qiagen N.V.
|
|
2,407
|
128,062
|
|
Sanofi S.A.
|
|
12,926
|
1,223,652
|
|
Stellantis N.V.
|
|
23,593
|
232,345
|
|
Swiss Re AG(a)
|
|
3,498
|
561,101
|
|
Tenaris S.A.
|
|
4,390
|
97,869
|
|
|
|
|
10,572,566
|
|
Total Common Stocks & Other Equity Interests
(Cost $211,579,787)
|
251,636,132
|
||
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-2.32%
|
|
|
|
|
Canada-0.49%
|
|
|
|
|
Royal Bank of Canada (iShares MSCI EAFE
ETF), 228.34%, 02/11/2026(c)
|
|
294,000
|
248,458
|
|
Royal Bank of Canada (iShares MSCI EAFE
ETF), 213.91%, 02/17/2026(c)
|
|
368,000
|
325,377
|
|
Royal Bank of Canada (iShares MSCI EAFE
ETF), 223.35%, 02/18/2026(c)
|
|
672,000
|
625,480
|
|
Toronto-Dominion Bank (The) (iShares MSCI
EAFE ETF), 233.00%, 02/20/2026(c)
|
|
466,000
|
428,765
|
|
|
|
|
1,628,080
|
|
France-0.32%
|
|
|
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 222.32%, 02/06/2026(c)
|
|
463,000
|
392,886
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 238.31%, 02/10/2026(c)
|
|
388,000
|
323,087
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 206.90%, 03/02/2026(c)
|
|
339,000
|
339,000
|
|
|
|
|
1,054,973
|
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-2.32%
|
|
|
|
|
Japan-0.45%
|
|
|
|
|
Mizuho Markets Cayman L.P. (iShares MSCI
EAFE ETF), 255.20%, 02/05/2026(c)
|
|
306,000
|
$191,104
|
|
Mizuho Markets Cayman L.P. (iShares MSCI
EAFE ETF), 206.10%, 02/09/2026(c)
|
|
629,000
|
539,270
|
|
Mizuho Markets Cayman L.P. (iShares MSCI
EAFE ETF), 237.40%, 02/13/2026(c)
|
|
305,000
|
275,078
|
|
Mizuho Markets Cayman L.P. (iShares MSCI
EAFE ETF), 206.80%, 02/19/2026(c)
|
|
500,000
|
458,082
|
|
|
|
|
1,463,534
|
|
Switzerland-0.10%
|
|
|
|
|
UBS Group AG (iShares MSCI EAFE ETF),
208.82%, 02/27/2026(c)
|
|
346,000
|
332,029
|
|
United States-0.96%
|
|
|
|
|
JPMorgan Chase & Co. (iShares MSCI EAFE
ETF), 238.62%, 02/12/2026(c)
|
|
202,000
|
175,673
|
|
JPMorgan Chase & Co. (iShares MSCI EAFE
ETF), 183.36%, 03/03/2026(c)
|
|
404,000
|
400,150
|
|
Morgan Stanley (iShares MSCI EAFE ETF),
210.49%, 02/26/2026(c)
|
|
539,000
|
511,737
|
|
Morgan Stanley (iShares MSCI EAFE ETF),
201.74%, 03/04/2026(c)
|
|
315,000
|
318,506
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 156.67%, 02/23/2026(c)
|
|
635,000
|
580,767
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 195.16%, 02/25/2026(c)
|
|
273,000
|
260,566
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 183.48%, 03/02/2026(c)
|
|
216,000
|
209,551
|
|
Wells Fargo & Co. (iShares MSCI EAFE ETF),
206.65%, 02/24/2026(c)
|
|
756,000
|
720,354
|
|
|
|
|
3,177,304
|
|
Total Equity Linked Notes
(Cost $8,416,000)
|
7,655,920
|
||
|
|
Shares
|
|
|
|
Money Market Funds-21.34%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(d)(e)
(Cost $70,450,202)
|
|
70,450,202
|
70,450,202
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.90%
(Cost $290,445,989)
|
329,742,254
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.71%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
1,571,412
|
1,571,412
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
4,082,030
|
4,083,255
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,654,667)
|
5,654,667
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.61%
(Cost $296,100,656)
|
335,396,921
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.61)%
|
(5,312,930
)
|
||
|
NET ASSETS-100.00%
|
$330,083,991
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
BR-Bearer Shares
|
|
CVA-Dutch Certificates
|
|
ETF-Exchange-Traded Fund
|
|
PC-Participation Certificate
|
|
REIT-Real Estate Investment Trust
|
|
Rts.-Rights
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $10,252,112, which represented 3.11% of the Fund’s Net Assets.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$43,461,647
|
$36,793,457
|
$(9,804,902
)
|
$-
|
$-
|
$70,450,202
|
$512,594
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
2,026,786
|
2,608,253
|
(3,063,627
)
|
-
|
-
|
1,571,412
|
17,406
*
|
|
Invesco Private Prime
Fund
|
5,273,730
|
6,717,303
|
(7,907,778
)
|
29
|
(29
)
|
4,083,255
|
46,068
*
|
|
Total
|
$50,762,163
|
$46,119,013
|
$(20,776,307
)
|
$29
|
$(29
)
|
$76,104,869
|
$576,068
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-95.57%
|
|||
|
Aerospace & Defense-0.72%
|
|||
|
Boeing Co. (The)(b)
|
|
34
|
$7,946
|
|
General Dynamics Corp.
|
|
35
|
12,288
|
|
General Electric Co.
|
|
82
|
25,157
|
|
Howmet Aerospace, Inc.
|
|
106
|
22,057
|
|
Northrop Grumman Corp.
|
|
10
|
6,923
|
|
RTX Corp.
|
|
66
|
13,261
|
|
|
|
|
87,632
|
|
Apparel Retail-0.68%
|
|||
|
TJX Cos., Inc. (The)
|
|
550
|
82,396
|
|
Application Software-4.48%
|
|||
|
AppFolio, Inc., Class A(b)
|
|
34
|
6,456
|
|
AppLovin Corp., Class A(b)
|
|
196
|
92,729
|
|
Bentley Systems, Inc., Class B
|
|
281
|
9,869
|
|
CCC Intelligent Solutions Holdings, Inc.(b)
|
|
797
|
6,041
|
|
DocuSign, Inc.(b)
|
|
131
|
6,883
|
|
Dynatrace, Inc.(b)
|
|
440
|
16,760
|
|
Elastic N.V.(b)
|
|
100
|
6,593
|
|
Fair Isaac Corp.(b)
|
|
4
|
5,853
|
|
Guidewire Software, Inc.(b)
|
|
95
|
13,372
|
|
HubSpot, Inc.(b)
|
|
38
|
10,640
|
|
Manhattan Associates, Inc.(b)
|
|
105
|
15,856
|
|
Nutanix, Inc., Class A(b)
|
|
164
|
6,450
|
|
Palantir Technologies, Inc., Class A(b)
|
|
1,494
|
219,005
|
|
Pegasystems, Inc.
|
|
182
|
7,952
|
|
Procore Technologies, Inc.(b)
|
|
193
|
10,903
|
|
PTC, Inc.(b)
|
|
135
|
21,077
|
|
Salesforce, Inc.
|
|
197
|
41,821
|
|
Samsara, Inc., Class A(b)
|
|
282
|
7,910
|
|
Tyler Technologies, Inc.(b)
|
|
73
|
26,966
|
|
Zoom Communications, Inc., Class A(b)
|
|
106
|
9,763
|
|
|
|
|
542,899
|
|
Asset Management & Custody Banks-0.06%
|
|||
|
BlackRock, Inc.
|
|
6
|
6,714
|
|
Automobile Manufacturers-3.57%
|
|||
|
Tesla, Inc.(b)
|
|
1,004
|
432,132
|
|
Automotive Retail-0.09%
|
|||
|
AutoZone, Inc.(b)
|
|
3
|
11,113
|
|
Biotechnology-2.10%
|
|||
|
AbbVie, Inc.
|
|
209
|
46,609
|
|
Biogen, Inc.(b)
|
|
144
|
25,904
|
|
BioMarin Pharmaceutical, Inc.(b)
|
|
353
|
19,959
|
|
Caris Life Sciences, Inc.(b)
|
|
422
|
9,773
|
|
Exact Sciences Corp.(b)
|
|
112
|
11,462
|
|
Exelixis, Inc.(b)
|
|
225
|
9,306
|
|
Halozyme Therapeutics, Inc.(b)
|
|
144
|
10,326
|
|
Incyte Corp.(b)
|
|
141
|
14,110
|
|
Ionis Pharmaceuticals, Inc.(b)
|
|
179
|
14,798
|
|
Moderna, Inc.(b)
|
|
229
|
10,092
|
|
Natera, Inc.(b)
|
|
92
|
21,265
|
|
Neurocrine Biosciences, Inc.(b)
|
|
84
|
11,429
|
|
Revolution Medicines, Inc.(b)
|
|
86
|
8,338
|
|
Roivant Sciences Ltd.(b)
|
|
803
|
17,361
|
|
United Therapeutics Corp.(b)
|
|
32
|
15,024
|
|
Viking Therapeutics, Inc.(b)
|
|
312
|
9,060
|
|
|
|
|
254,816
|
|
Brewers-0.10%
|
|||
|
Molson Coors Beverage Co., Class B
|
|
246
|
11,818
|
|
|
Shares
|
Value
|
|
|
Broadcasting-0.10%
|
|||
|
Fox Corp., Class A
|
|
158
|
$11,499
|
|
Broadline Retail-5.15%
|
|||
|
Amazon.com, Inc.(b)
|
|
2,538
|
607,343
|
|
Coupang, Inc. (South Korea)(b)
|
|
454
|
9,153
|
|
eBay, Inc.
|
|
77
|
7,024
|
|
|
|
|
623,520
|
|
Building Products-0.26%
|
|||
|
Johnson Controls International PLC
|
|
106
|
12,642
|
|
Trane Technologies PLC
|
|
45
|
18,926
|
|
|
|
|
31,568
|
|
Casinos & Gaming-0.13%
|
|||
|
DraftKings, Inc., Class A(b)
|
|
201
|
5,530
|
|
Flutter Entertainment PLC (Ireland)(b)
|
|
63
|
10,404
|
|
|
|
|
15,934
|
|
Communications Equipment-1.11%
|
|||
|
Arista Networks, Inc.(b)
|
|
176
|
24,946
|
|
Ciena Corp.(b)
|
|
69
|
17,375
|
|
F5, Inc.(b)
|
|
70
|
19,293
|
|
Lumentum Holdings, Inc.(b)
|
|
24
|
9,404
|
|
Motorola Solutions, Inc.
|
|
115
|
46,292
|
|
Ubiquiti, Inc.
|
|
31
|
17,094
|
|
|
|
|
134,404
|
|
Construction & Engineering-0.21%
|
|||
|
Comfort Systems USA, Inc.
|
|
12
|
13,705
|
|
Quanta Services, Inc.
|
|
25
|
11,866
|
|
|
|
|
25,571
|
|
Construction Machinery & Heavy Transportation Equipment-0.18%
|
|||
|
Caterpillar, Inc.
|
|
33
|
21,693
|
|
Construction Materials-0.19%
|
|||
|
Martin Marietta Materials, Inc.
|
|
18
|
11,735
|
|
Vulcan Materials Co.
|
|
39
|
11,721
|
|
|
|
|
23,456
|
|
Consumer Finance-0.06%
|
|||
|
American Express Co.
|
|
20
|
7,043
|
|
Consumer Staples Merchandise Retail-1.01%
|
|||
|
BJ’s Wholesale Club Holdings, Inc.(b)
|
|
346
|
31,984
|
|
Dollar General Corp.
|
|
143
|
20,511
|
|
Dollar Tree, Inc.(b)
|
|
182
|
21,401
|
|
Target Corp.
|
|
453
|
47,778
|
|
|
|
|
121,674
|
|
Copper-0.26%
|
|||
|
Freeport-McMoRan, Inc.
|
|
209
|
12,588
|
|
Southern Copper Corp. (Mexico)
|
|
100
|
19,032
|
|
|
|
|
31,620
|
|
Data Center REITs-0.14%
|
|||
|
Equinix, Inc.
|
|
21
|
17,240
|
|
Data Processing & Outsourced Services-0.12%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
76
|
14,980
|
|
Distillers & Vintners-0.11%
|
|||
|
Constellation Brands, Inc., Class A
|
|
84
|
13,163
|
|
Diversified Support Services-0.06%
|
|||
|
RB Global, Inc. (Canada)
|
|
58
|
6,587
|
|
Electric Utilities-0.91%
|
|||
|
Alliant Energy Corp.
|
|
195
|
12,852
|
|
Duke Energy Corp.
|
|
90
|
10,922
|
|
|
Shares
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
NextEra Energy, Inc.
|
|
199
|
$17,492
|
|
PPL Corp.
|
|
334
|
12,107
|
|
Southern Co. (The)
|
|
634
|
56,623
|
|
|
|
|
109,996
|
|
Electrical Components & Equipment-0.43%
|
|||
|
AMETEK, Inc.
|
|
52
|
11,647
|
|
Eaton Corp. PLC
|
|
51
|
17,922
|
|
Emerson Electric Co.
|
|
46
|
6,760
|
|
Rockwell Automation, Inc.
|
|
15
|
6,325
|
|
Vertiv Holdings Co., Class A
|
|
47
|
8,751
|
|
|
|
|
51,405
|
|
Electronic Components-0.56%
|
|||
|
Amphenol Corp., Class A
|
|
258
|
37,172
|
|
Corning, Inc.
|
|
291
|
30,046
|
|
|
|
|
67,218
|
|
Electronic Equipment & Instruments-0.33%
|
|||
|
Keysight Technologies, Inc.(b)
|
|
38
|
8,221
|
|
Trimble, Inc.(b)
|
|
472
|
31,907
|
|
|
|
|
40,128
|
|
Environmental & Facilities Services-1.05%
|
|||
|
Republic Services, Inc.
|
|
184
|
39,577
|
|
Rollins, Inc.
|
|
632
|
40,031
|
|
Veralto Corp.
|
|
205
|
20,291
|
|
Waste Management, Inc.
|
|
123
|
27,335
|
|
|
|
|
127,234
|
|
Financial Exchanges & Data-0.19%
|
|||
|
CME Group, Inc., Class A
|
|
42
|
12,140
|
|
S&P Global, Inc.
|
|
21
|
11,084
|
|
|
|
|
23,224
|
|
Food Distributors-1.31%
|
|||
|
Performance Food Group Co.(b)
|
|
392
|
37,416
|
|
Sysco Corp.
|
|
837
|
70,182
|
|
US Foods Holding Corp.(b)
|
|
609
|
50,925
|
|
|
|
|
158,523
|
|
Food Retail-1.05%
|
|||
|
Albertson’s Cos., Inc., Class A
|
|
790
|
13,154
|
|
Casey’s General Stores, Inc.
|
|
75
|
45,487
|
|
Kroger Co. (The)
|
|
658
|
41,355
|
|
Maplebear, Inc.(b)
|
|
327
|
12,151
|
|
Sprouts Farmers Market, Inc.(b)
|
|
216
|
15,317
|
|
|
|
|
127,464
|
|
Gas Utilities-0.20%
|
|||
|
Atmos Energy Corp.
|
|
147
|
24,452
|
|
Gold-0.21%
|
|||
|
Newmont Corp.
|
|
133
|
14,942
|
|
Royal Gold, Inc.
|
|
41
|
10,796
|
|
|
|
|
25,738
|
|
Health Care Distributors-0.13%
|
|||
|
McKesson Corp.
|
|
19
|
15,793
|
|
Health Care Equipment-1.58%
|
|||
|
Abbott Laboratories
|
|
376
|
41,097
|
|
Becton, Dickinson and Co.
|
|
42
|
8,546
|
|
Boston Scientific Corp.(b)
|
|
322
|
30,117
|
|
Edwards Lifesciences Corp.(b)
|
|
192
|
15,621
|
|
Medtronic PLC
|
|
203
|
20,901
|
|
ResMed, Inc.
|
|
60
|
15,499
|
|
|
Shares
|
Value
|
|
|
Health Care Equipment-(continued)
|
|||
|
STERIS PLC
|
|
39
|
$10,241
|
|
Stryker Corp.
|
|
133
|
49,151
|
|
|
|
|
191,173
|
|
Health Care REITs-0.38%
|
|||
|
Ventas, Inc.
|
|
154
|
11,961
|
|
Welltower, Inc.
|
|
179
|
33,717
|
|
|
|
|
45,678
|
|
Health Care Technology-0.04%
|
|||
|
Veeva Systems, Inc., Class A(b)
|
|
26
|
5,302
|
|
Heavy Electrical Equipment-0.06%
|
|||
|
GE Vernova, Inc.
|
|
10
|
7,264
|
|
Home Improvement Retail-0.53%
|
|||
|
Home Depot, Inc. (The)
|
|
101
|
37,833
|
|
Lowe’s Cos., Inc.
|
|
97
|
25,905
|
|
|
|
|
63,738
|
|
Homefurnishing Retail-0.06%
|
|||
|
Williams-Sonoma, Inc.
|
|
34
|
6,958
|
|
Hotels, Resorts & Cruise Lines-0.57%
|
|||
|
Hilton Worldwide Holdings, Inc.
|
|
177
|
52,836
|
|
Royal Caribbean Cruises Ltd.
|
|
51
|
16,557
|
|
|
|
|
69,393
|
|
Household Products-0.84%
|
|||
|
Church & Dwight Co., Inc.
|
|
134
|
12,897
|
|
Procter & Gamble Co. (The)
|
|
588
|
89,241
|
|
|
|
|
102,138
|
|
Independent Power Producers & Energy Traders-0.05%
|
|||
|
Vistra Corp.
|
|
36
|
5,701
|
|
Industrial Machinery & Supplies & Components-0.28%
|
|||
|
Illinois Tool Works, Inc.
|
|
37
|
9,666
|
|
Parker-Hannifin Corp.
|
|
26
|
24,332
|
|
|
|
|
33,998
|
|
Industrial REITs-0.27%
|
|||
|
Prologis, Inc.
|
|
245
|
31,987
|
|
Insurance Brokers-0.05%
|
|||
|
Arthur J. Gallagher & Co.
|
|
23
|
5,736
|
|
Integrated Oil & Gas-0.21%
|
|||
|
Chevron Corp.
|
|
57
|
10,083
|
|
Exxon Mobil Corp.
|
|
110
|
15,554
|
|
|
|
|
25,637
|
|
Integrated Telecommunication Services-1.31%
|
|||
|
AT&T, Inc.
|
|
2,723
|
71,370
|
|
Verizon Communications, Inc.
|
|
1,953
|
86,947
|
|
|
|
|
158,317
|
|
Interactive Media & Services-11.45%
|
|||
|
Alphabet, Inc., Class C
|
|
2,599
|
879,839
|
|
Meta Platforms, Inc., Class A
|
|
708
|
507,282
|
|
|
|
|
1,387,121
|
|
Internet Services & Infrastructure-1.41%
|
|||
|
Cloudflare, Inc., Class A(b)
|
|
65
|
11,528
|
|
MongoDB, Inc.(b)
|
|
18
|
6,684
|
|
Okta, Inc.(b)
|
|
150
|
12,672
|
|
Shopify, Inc., Class A (Canada)(b)
|
|
834
|
109,446
|
|
Snowflake, Inc., Class A(b)
|
|
83
|
15,994
|
|
|
Shares
|
Value
|
|
|
Internet Services & Infrastructure-(continued)
|
|||
|
Twilio, Inc., Class A(b)
|
|
57
|
$6,866
|
|
VeriSign, Inc.
|
|
30
|
7,327
|
|
|
|
|
170,517
|
|
IT Consulting & Other Services-0.62%
|
|||
|
Accenture PLC, Class A
|
|
152
|
40,073
|
|
Gartner, Inc.(b)
|
|
51
|
10,690
|
|
International Business Machines Corp.
|
|
79
|
24,230
|
|
|
|
|
74,993
|
|
Life Sciences Tools & Services-0.27%
|
|||
|
Danaher Corp.
|
|
43
|
9,412
|
|
Thermo Fisher Scientific, Inc.
|
|
40
|
23,145
|
|
|
|
|
32,557
|
|
Managed Health Care-0.08%
|
|||
|
UnitedHealth Group, Inc.
|
|
35
|
10,043
|
|
Movies & Entertainment-2.32%
|
|||
|
Netflix, Inc.(b)
|
|
2,835
|
236,694
|
|
Spotify Technology S.A. (Sweden)(b)
|
|
15
|
7,505
|
|
TKO Group Holdings, Inc.
|
|
46
|
9,319
|
|
Walt Disney Co. (The)
|
|
246
|
27,749
|
|
|
|
|
281,267
|
|
Multi-Sector Holdings-0.25%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
64
|
30,754
|
|
Multi-Utilities-0.38%
|
|||
|
CenterPoint Energy, Inc.
|
|
308
|
12,225
|
|
Dominion Energy, Inc.
|
|
207
|
12,455
|
|
Public Service Enterprise Group, Inc.
|
|
145
|
11,942
|
|
Sempra
|
|
112
|
9,745
|
|
|
|
|
46,367
|
|
Oil & Gas Storage & Transportation-0.21%
|
|||
|
Kinder Morgan, Inc.
|
|
422
|
12,867
|
|
Williams Cos., Inc. (The)
|
|
191
|
12,846
|
|
|
|
|
25,713
|
|
Other Specialty Retail-0.10%
|
|||
|
Ulta Beauty, Inc.(b)
|
|
18
|
11,653
|
|
Packaged Foods & Meats-0.27%
|
|||
|
General Mills, Inc.
|
|
183
|
8,466
|
|
Hershey Co. (The)
|
|
66
|
12,853
|
|
McCormick & Co., Inc.
|
|
182
|
11,253
|
|
|
|
|
32,572
|
|
Passenger Ground Transportation-0.11%
|
|||
|
Uber Technologies, Inc.(b)
|
|
167
|
13,368
|
|
Pharmaceuticals-0.60%
|
|||
|
Eli Lilly and Co.
|
|
12
|
12,446
|
|
Johnson & Johnson
|
|
190
|
43,177
|
|
Merck & Co., Inc.
|
|
156
|
17,202
|
|
|
|
|
72,825
|
|
Property & Casualty Insurance-0.06%
|
|||
|
Progressive Corp. (The)
|
|
37
|
7,696
|
|
Publishing-0.19%
|
|||
|
New York Times Co. (The), Class A
|
|
161
|
11,803
|
|
News Corp., Class A
|
|
421
|
11,380
|
|
|
|
|
23,183
|
|
|
Shares
|
Value
|
|
|
Rail Transportation-0.27%
|
|||
|
Norfolk Southern Corp.
|
|
40
|
$11,650
|
|
Union Pacific Corp.
|
|
90
|
21,159
|
|
|
|
|
32,809
|
|
Real Estate Services-0.07%
|
|||
|
CBRE Group, Inc., Class A(b)
|
|
48
|
8,176
|
|
Research & Consulting Services-0.10%
|
|||
|
Equifax, Inc.
|
|
58
|
11,681
|
|
Restaurants-1.51%
|
|||
|
Chipotle Mexican Grill, Inc.(b)
|
|
433
|
16,831
|
|
Darden Restaurants, Inc.
|
|
46
|
9,170
|
|
DoorDash, Inc., Class A(b)
|
|
327
|
66,911
|
|
McDonald’s Corp.
|
|
165
|
51,975
|
|
Restaurant Brands International, Inc. (Canada)
|
|
157
|
10,517
|
|
Texas Roadhouse, Inc.
|
|
77
|
13,849
|
|
Yum! Brands, Inc.
|
|
87
|
13,529
|
|
|
|
|
182,782
|
|
Semiconductor Materials & Equipment-5.26%
|
|||
|
Amkor Technology, Inc.
|
|
112
|
5,413
|
|
Applied Materials, Inc.
|
|
613
|
197,582
|
|
ASML Holding N.V., New York Shares
(Netherlands)
|
|
85
|
120,955
|
|
Entegris, Inc.
|
|
93
|
10,981
|
|
Lam Research Corp.
|
|
957
|
223,421
|
|
MKS, Inc.
|
|
102
|
24,012
|
|
Onto Innovation, Inc.(b)
|
|
63
|
12,729
|
|
Qnity Electronics, Inc.
|
|
182
|
17,505
|
|
Teradyne, Inc.
|
|
101
|
24,346
|
|
|
|
|
636,944
|
|
Semiconductors-19.42%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
1,069
|
253,064
|
|
Allegro MicroSystems, Inc. (Japan)(b)
|
|
223
|
8,231
|
|
Astera Labs, Inc.(b)
|
|
35
|
5,272
|
|
Broadcom, Inc.
|
|
1,134
|
375,694
|
|
Cirrus Logic, Inc.(b)
|
|
153
|
19,942
|
|
First Solar, Inc.(b)
|
|
33
|
7,442
|
|
GLOBALFOUNDRIES, Inc.(b)
|
|
276
|
11,647
|
|
Intel Corp.(b)
|
|
3,129
|
145,405
|
|
Lattice Semiconductor Corp.(b)
|
|
186
|
14,977
|
|
MACOM Technology Solutions Holdings, Inc.(b)
|
|
73
|
15,991
|
|
Marvell Technology, Inc.
|
|
695
|
54,849
|
|
Micron Technology, Inc.
|
|
734
|
304,522
|
|
NVIDIA Corp.
|
|
5,729
|
1,094,984
|
|
ON Semiconductor Corp.(b)
|
|
171
|
10,241
|
|
Qorvo, Inc.(b)
|
|
145
|
11,326
|
|
Skyworks Solutions, Inc.
|
|
231
|
12,881
|
|
Universal Display Corp.
|
|
48
|
5,511
|
|
|
|
|
2,351,979
|
|
Soft Drinks & Non-alcoholic Beverages-1.13%
|
|||
|
Coca-Cola Co. (The)
|
|
1,831
|
136,977
|
|
Specialty Chemicals-0.32%
|
|||
|
Ecolab, Inc.
|
|
75
|
21,149
|
|
Sherwin-Williams Co. (The)
|
|
50
|
17,732
|
|
|
|
|
38,881
|
|
Systems Software-6.98%
|
|||
|
Microsoft Corp.
|
|
1,833
|
788,721
|
|
Oracle Corp.
|
|
47
|
7,735
|
|
|
Shares
|
Value
|
|
|
Systems Software-(continued)
|
|||
|
SentinelOne, Inc., Class A(b)
|
|
504
|
$7,046
|
|
ServiceNow, Inc.(b)
|
|
360
|
42,124
|
|
|
|
|
845,626
|
|
Technology Hardware, Storage & Peripherals-7.49%
|
|||
|
Apple, Inc.
|
|
3,446
|
894,169
|
|
Pure Storage, Inc., Class A(b)
|
|
186
|
12,935
|
|
|
|
|
907,104
|
|
Tobacco-0.45%
|
|||
|
Altria Group, Inc.
|
|
360
|
22,316
|
|
Philip Morris International, Inc.
|
|
179
|
32,120
|
|
|
|
|
54,436
|
|
Trading Companies & Distributors-0.08%
|
|||
|
W.W. Grainger, Inc.
|
|
9
|
9,719
|
|
Transaction & Payment Processing Services-0.68%
|
|||
|
Mastercard, Inc., Class A
|
|
73
|
39,332
|
|
Visa, Inc., Class A
|
|
133
|
42,803
|
|
|
|
|
82,135
|
|
Total Common Stocks & Other Equity Interests
(Cost $9,221,545)
|
11,573,545
|
||
|
|
Shares
|
Value
|
|
|
Options Purchased-4.80%
|
|||
|
(Cost $713,034)†
|
582,100
|
||
|
Money Market Funds-0.06%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(c)(d)
(Cost $7,190)
|
|
7,190
|
$7,190
|
|
TOTAL INVESTMENTS IN SECURITIES-100.43%
(Cost $9,941,769)
|
12,162,835
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.43)%
|
(52,467
)
|
||
|
NET ASSETS-100.00%
|
$12,110,368
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$-
|
$171,067
|
$(163,877
)
|
$-
|
$-
|
$7,190
|
$255
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
†
|
The table below details options purchased.
|
|
Open Exchange-Traded Index Options Purchased
|
||||||||
|
Description
|
Type of
Contract
|
Expiration Date
|
Number of
Contracts
|
Exercise Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Put
|
11/20/2026
|
34
|
|
$261
|
|
$887,400
|
$64,600
|
|
Nasdaq-100 Micro Index
|
Put
|
05/15/2026
|
39
|
|
237
|
|
924,300
|
19,403
|
|
Nasdaq-100 Micro Index
|
Put
|
06/18/2026
|
35
|
|
235
|
|
822,500
|
21,000
|
|
Nasdaq-100 Micro Index
|
Put
|
09/18/2026
|
42
|
|
236
|
|
991,200
|
39,900
|
|
Nasdaq-100 Micro Index
|
Put
|
10/16/2026
|
38
|
|
247
|
|
938,600
|
49,400
|
|
Nasdaq-100 Micro Index
|
Put
|
03/20/2026
|
39
|
|
255
|
|
994,500
|
26,032
|
|
Nasdaq-100 Micro Index
|
Put
|
07/17/2026
|
40
|
|
260
|
|
1,040,000
|
58,000
|
|
Nasdaq-100 Micro Index
|
Put
|
04/17/2026
|
39
|
|
260
|
|
1,014,000
|
40,365
|
|
Nasdaq-100 Micro Index
|
Put
|
12/18/2026
|
38
|
|
252
|
|
957,600
|
62,700
|
|
Open Exchange-Traded Index Options Purchased—(continued)
|
||||||||
|
Description
|
Type of
Contract
|
Expiration Date
|
Number of
Contracts
|
Exercise
Price
|
Notional
Value*
|
Value
|
||
|
Nasdaq-100 Micro Index
|
Put
|
08/21/2026
|
34
|
|
$260
|
|
$884,000
|
$54,400
|
|
Nasdaq-100 Micro Index
|
Put
|
02/19/2027
|
38
|
|
260
|
|
988,000
|
77,900
|
|
Nasdaq-100 Micro Index
|
Put
|
01/15/2027
|
38
|
|
255
|
|
969,000
|
68,400
|
|
Total Index Options Purchased
|
|
|
|
|
|
$582,100
|
||
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
Open Exchange-Traded Index Options Written
|
||||||||
|
Description
|
Type of
Contract
|
Expiration
Date
|
Number of
Contracts
|
Exercise
Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Put
|
07/17/2026
|
20
|
|
$171
|
|
$(342,000
)
|
$(4,750
)
|
|
Nasdaq-100 Micro Index
|
Put
|
03/20/2026
|
20
|
|
148
|
|
(296,000
)
|
(160
)
|
|
Nasdaq-100 Micro Index
|
Put
|
04/17/2026
|
20
|
|
149
|
|
(298,000
)
|
(370
)
|
|
Nasdaq-100 Micro Index
|
Put
|
05/15/2026
|
20
|
|
148
|
|
(296,000
)
|
(600
)
|
|
Nasdaq-100 Micro Index
|
Put
|
06/18/2026
|
17
|
|
155
|
|
(263,500
)
|
(944
)
|
|
Nasdaq-100 Micro Index
|
Put
|
11/20/2026
|
17
|
|
196
|
|
(333,200
)
|
(7,650
)
|
|
Nasdaq-100 Micro Index
|
Put
|
08/21/2026
|
17
|
|
173
|
|
(294,100
)
|
(2,380
)
|
|
Nasdaq-100 Micro Index
|
Put
|
09/18/2026
|
21
|
|
177
|
|
(371,700
)
|
(3,927
)
|
|
Nasdaq-100 Micro Index
|
Put
|
10/16/2026
|
19
|
|
185
|
|
(351,500
)
|
(5,700
)
|
|
Nasdaq-100 Micro Index
|
Put
|
12/18/2026
|
19
|
|
189
|
|
(359,100
)
|
(7,600
)
|
|
Nasdaq-100 Micro Index
|
Put
|
02/19/2027
|
19
|
|
195
|
|
(370,500
)
|
(10,450
)
|
|
Nasdaq-100 Micro Index
|
Put
|
01/15/2027
|
19
|
|
191
|
|
(362,900
)
|
(8,559
)
|
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Call
|
02/06/2026
|
111
|
|
276
|
|
(3,063,600
)
|
(444
)
|
|
Nasdaq-100 Micro Index
|
Call
|
02/13/2026
|
117
|
|
273
|
|
(3,194,100
)
|
(936
)
|
|
Nasdaq-100 Micro Index
|
Call
|
02/20/2026
|
113
|
|
274
|
|
(3,096,200
)
|
(1,469
)
|
|
Nasdaq-100 Micro Index
|
Call
|
02/27/2026
|
111
|
|
273
|
|
(3,030,300
)
|
(2,553
)
|
|
Total Exchange-Traded Options Written
|
|
|
|
|
|
$(58,492
)
|
||
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-76.59%
|
|||
|
Aerospace & Defense-0.15%
|
|||
|
Axon Enterprise, Inc.(b)
|
|
1,733
|
$838,044
|
|
Apparel Retail-0.25%
|
|||
|
Ross Stores, Inc.
|
|
7,148
|
1,348,470
|
|
Application Software-4.63%
|
|||
|
Adobe, Inc.(b)
|
|
9,203
|
2,698,780
|
|
AppLovin Corp., Class A(b)
|
|
6,754
|
3,195,385
|
|
Atlassian Corp., Class A(b)
|
|
3,670
|
433,721
|
|
Autodesk, Inc.(b)
|
|
4,661
|
1,178,627
|
|
Cadence Design Systems, Inc.(b)
|
|
5,985
|
1,773,714
|
|
Datadog, Inc., Class A(b)
|
|
7,131
|
922,181
|
|
Intuit, Inc.
|
|
6,117
|
3,051,894
|
|
Palantir Technologies, Inc., Class A(b)
|
|
50,183
|
7,356,326
|
|
Roper Technologies, Inc.
|
|
2,369
|
879,444
|
|
Strategy, Inc., Class A(b)
|
|
5,886
|
881,193
|
|
Synopsys, Inc.(b)
|
|
4,083
|
1,899,064
|
|
Workday, Inc., Class A(b)
|
|
4,682
|
822,300
|
|
|
|
|
25,092,629
|
|
Automobile Manufacturers-2.80%
|
|||
|
Tesla, Inc.(b)
|
|
35,205
|
15,152,584
|
|
Automotive Retail-0.34%
|
|||
|
O’Reilly Automotive, Inc.(b)
|
|
18,528
|
1,823,340
|
|
Biotechnology-2.57%
|
|||
|
Alnylam Pharmaceuticals, Inc.(b)
|
|
2,902
|
981,050
|
|
Amgen, Inc.
|
|
11,830
|
4,044,441
|
|
Gilead Sciences, Inc.
|
|
27,278
|
3,872,112
|
|
Insmed, Inc.(b)
|
|
4,688
|
735,407
|
|
Regeneron Pharmaceuticals, Inc.
|
|
2,265
|
1,679,384
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
5,578
|
2,621,102
|
|
|
|
|
13,933,496
|
|
Broadline Retail-4.47%
|
|||
|
Amazon.com, Inc.(b)
|
|
85,071
|
20,357,490
|
|
MercadoLibre, Inc. (Brazil)(b)
|
|
1,112
|
2,388,343
|
|
PDD Holdings, Inc., ADR (China)(b)
|
|
14,685
|
1,483,919
|
|
|
|
|
24,229,752
|
|
Cable & Satellite-0.55%
|
|||
|
Charter Communications, Inc., Class A(b)
|
|
2,845
|
586,411
|
|
Comcast Corp., Class A
|
|
79,909
|
2,377,293
|
|
|
|
|
2,963,704
|
|
Cargo Ground Transportation-0.15%
|
|||
|
Old Dominion Freight Line, Inc.
|
|
4,600
|
796,720
|
|
Communications Equipment-1.26%
|
|||
|
Cisco Systems, Inc.
|
|
86,868
|
6,803,502
|
|
Construction & Engineering-0.20%
|
|||
|
Ferrovial SE
|
|
16,132
|
1,096,815
|
|
Construction Machinery & Heavy Transportation Equipment-0.26%
|
|||
|
PACCAR, Inc.
|
|
11,548
|
1,419,365
|
|
Consumer Staples Merchandise Retail-4.05%
|
|||
|
Costco Wholesale Corp.
|
|
9,736
|
9,154,274
|
|
Walmart, Inc.
|
|
107,364
|
12,791,347
|
|
|
|
|
21,945,621
|
|
Diversified Support Services-0.47%
|
|||
|
Cintas Corp.
|
|
8,819
|
1,687,869
|
|
Copart, Inc.(b)
|
|
21,283
|
863,664
|
|
|
|
|
2,551,533
|
|
|
Shares
|
Value
|
|
|
Electric Utilities-1.04%
|
|||
|
American Electric Power Co., Inc.
|
|
11,743
|
$1,406,518
|
|
Constellation Energy Corp.
|
|
7,947
|
2,230,564
|
|
Exelon Corp.
|
|
22,212
|
994,653
|
|
Xcel Energy, Inc.
|
|
13,005
|
989,160
|
|
|
|
|
5,620,895
|
|
Health Care Equipment-1.20%
|
|||
|
Dexcom, Inc.(b)
|
|
8,573
|
626,172
|
|
GE HealthCare Technologies, Inc.
|
|
10,015
|
790,884
|
|
IDEXX Laboratories, Inc.(b)
|
|
1,758
|
1,178,669
|
|
Intuitive Surgical, Inc.(b)
|
|
7,788
|
3,926,865
|
|
|
|
|
6,522,590
|
|
Hotels, Resorts & Cruise Lines-1.22%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
9,327
|
1,206,634
|
|
Booking Holdings, Inc.
|
|
706
|
3,531,299
|
|
Marriott International, Inc., Class A
|
|
5,889
|
1,856,802
|
|
|
|
|
6,594,735
|
|
Human Resource & Employment Services-0.55%
|
|||
|
Automatic Data Processing, Inc.
|
|
8,881
|
2,192,008
|
|
Paychex, Inc.
|
|
7,884
|
813,077
|
|
|
|
|
3,005,085
|
|
Industrial Conglomerates-0.59%
|
|||
|
Honeywell International, Inc.
|
|
13,946
|
3,172,994
|
|
Industrial Gases-0.86%
|
|||
|
Linde PLC
|
|
10,258
|
4,687,598
|
|
Interactive Home Entertainment-0.37%
|
|||
|
Electronic Arts, Inc.
|
|
5,483
|
1,118,093
|
|
Take-Two Interactive Software, Inc.(b)
|
|
4,062
|
894,859
|
|
|
|
|
2,012,952
|
|
Interactive Media & Services-8.67%
|
|||
|
Alphabet, Inc., Class A
|
|
46,305
|
15,651,090
|
|
Alphabet, Inc., Class C
|
|
43,032
|
14,567,623
|
|
Meta Platforms, Inc., Class A
|
|
23,374
|
16,747,471
|
|
|
|
|
46,966,184
|
|
Internet Services & Infrastructure-0.65%
|
|||
|
Shopify, Inc., Class A (Canada)(b)
|
|
26,858
|
3,524,575
|
|
IT Consulting & Other Services-0.16%
|
|||
|
Cognizant Technology Solutions Corp.,
Class A
|
|
10,576
|
867,867
|
|
Movies & Entertainment-1.71%
|
|||
|
Netflix, Inc.(b)
|
|
93,079
|
7,771,166
|
|
Warner Bros. Discovery, Inc.(b)
|
|
54,483
|
1,500,462
|
|
|
|
|
9,271,628
|
|
Oil & Gas Equipment & Services-0.22%
|
|||
|
Baker Hughes Co., Class A
|
|
21,649
|
1,213,210
|
|
Oil & Gas Exploration & Production-0.19%
|
|||
|
Diamondback Energy, Inc.
|
|
6,299
|
1,032,721
|
|
Packaged Foods & Meats-0.42%
|
|||
|
Kraft Heinz Co. (The)
|
|
26,024
|
617,810
|
|
Mondelez International, Inc., Class A
|
|
28,367
|
1,658,618
|
|
|
|
|
2,276,428
|
|
Rail Transportation-0.29%
|
|||
|
CSX Corp.
|
|
40,941
|
1,545,932
|
|
Real Estate Services-0.11%
|
|||
|
CoStar Group, Inc.(b)
|
|
9,274
|
570,351
|
|
|
Shares
|
Value
|
|
|
Research & Consulting Services-0.32%
|
|||
|
Thomson Reuters Corp. (Canada)
|
|
9,779
|
$1,081,851
|
|
Verisk Analytics, Inc.
|
|
3,063
|
666,080
|
|
|
|
|
1,747,931
|
|
Restaurants-0.76%
|
|||
|
DoorDash, Inc., Class A(b)
|
|
8,933
|
1,827,870
|
|
Starbucks Corp.
|
|
25,001
|
2,298,842
|
|
|
|
|
4,126,712
|
|
Semiconductor Materials & Equipment-3.49%
|
|||
|
Applied Materials, Inc.
|
|
17,506
|
5,642,534
|
|
ASML Holding N.V., New York Shares
(Netherlands)
|
|
1,925
|
2,739,275
|
|
KLA Corp.
|
|
2,885
|
4,119,607
|
|
Lam Research Corp.
|
|
27,588
|
6,440,694
|
|
|
|
|
18,942,110
|
|
Semiconductors-16.49%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
35,766
|
8,466,885
|
|
Analog Devices, Inc.
|
|
10,755
|
3,343,514
|
|
ARM Holdings PLC, ADR(b)
|
|
3,016
|
317,766
|
|
Broadcom, Inc.
|
|
37,579
|
12,449,923
|
|
Intel Corp.(b)
|
|
104,872
|
4,873,402
|
|
Marvell Technology, Inc.
|
|
18,953
|
1,495,771
|
|
Microchip Technology, Inc.
|
|
11,842
|
899,045
|
|
Micron Technology, Inc.
|
|
24,725
|
10,257,908
|
|
Monolithic Power Systems, Inc.
|
|
1,049
|
1,179,233
|
|
NVIDIA Corp.
|
|
193,391
|
36,962,822
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
5,518
|
1,247,840
|
|
QUALCOMM, Inc.
|
|
23,549
|
3,569,793
|
|
Texas Instruments, Inc.
|
|
19,977
|
4,306,042
|
|
|
|
|
89,369,944
|
|
Soft Drinks & Non-alcoholic Beverages-1.49%
|
|||
|
Coca-Cola Europacific Partners PLC (United
Kingdom)
|
|
10,077
|
924,061
|
|
Keurig Dr Pepper, Inc.
|
|
29,759
|
816,587
|
|
Monster Beverage Corp.(b)
|
|
21,481
|
1,734,806
|
|
PepsiCo, Inc.
|
|
30,064
|
4,618,731
|
|
|
|
|
8,094,185
|
|
Systems Software-6.02%
|
|||
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
5,516
|
2,434,790
|
|
Fortinet, Inc.(b)
|
|
16,312
|
1,325,513
|
|
Microsoft Corp.
|
|
59,149
|
25,451,223
|
|
Palo Alto Networks, Inc.(b)
|
|
15,324
|
2,711,889
|
|
Zscaler, Inc.(b)
|
|
3,504
|
700,835
|
|
|
|
|
32,624,250
|
|
Technology Hardware, Storage & Peripherals-6.33%
|
|||
|
Apple, Inc.
|
|
117,597
|
30,514,070
|
|
Seagate Technology Holdings PLC
|
|
4,686
|
1,910,435
|
|
Western Digital Corp.
|
|
7,516
|
1,880,729
|
|
|
|
|
34,305,234
|
|
Trading Companies & Distributors-0.20%
|
|||
|
Fastenal Co.
|
|
25,172
|
1,091,458
|
|
Transaction & Payment Processing Services-0.20%
|
|||
|
PayPal Holdings, Inc.
|
|
20,517
|
1,081,041
|
|
Wireless Telecommunication Services-0.89%
|
|||
|
T-Mobile US, Inc.
|
|
24,592
|
4,849,788
|
|
Total Common Stocks & Other Equity Interests
(Cost $358,269,379)
|
415,113,973
|
||
|
|
|
Principal
Amount
|
Value
|
|
Equity Linked Notes-4.66%
|
|
|
|
|
Diversified Banks-3.32%
|
|
|
|
|
Bank of Montreal (NASDAQ 100 Stock
Index), 166.65%, 03/04/2026(c)
|
|
$1,058,000
|
$1,060,002
|
|
BNP Paribas S.A. (NASDAQ 100 Stock
Index), 201.29%, 02/06/2026(c)
|
|
1,053,000
|
1,035,420
|
|
BNP Paribas S.A. (NASDAQ 100 Stock
Index), 191.87%, 02/13/2026(c)
|
|
1,265,000
|
1,220,007
|
|
Citigroup, Inc. (NASDAQ 100 Stock Index),
199.96%, 02/05/2026(c)
|
|
1,867,000
|
1,824,154
|
|
Citigroup, Inc. (NASDAQ 100 Stock Index),
196.20%, 02/10/2026(c)
|
|
1,484,000
|
1,461,632
|
|
JPMorgan Chase & Co. (NASDAQ 100 Stock
Index), 198.28%, 02/18/2026(c)
|
|
1,093,000
|
1,089,584
|
|
JPMorgan Chase & Co. (NASDAQ 100 Stock
Index), 187.15%, 02/19/2026(c)
|
|
1,427,000
|
1,397,337
|
|
Mizuho Financial Group, Inc. (NASDAQ 100
Stock Index), 199.80%, 02/26/2026(c)
|
|
1,095,000
|
1,088,963
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 179.85%, 02/17/2026(c)
|
|
980,000
|
957,257
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 188.00%, 02/24/2026(c)
|
|
780,000
|
783,327
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 226.37%, 03/02/2026(c)
|
|
1,158,000
|
1,158,000
|
|
Societe Generale S.A. (NASDAQ 100 Stock
Index), 188.14%, 02/25/2026(c)
|
|
1,232,000
|
1,212,584
|
|
Toronto-Dominion Bank (The) (NASDAQ 100
Stock Index), 202.00%, 02/20/2026(c)
|
|
1,409,000
|
1,383,480
|
|
Wells Fargo & Co. (NASDAQ 100 Stock
Index), 190.29%, 02/27/2026(c)
|
|
1,374,000
|
1,356,152
|
|
Wells Fargo Bank N.A. (NASDAQ 100 Stock
Index), 199.27%, 02/12/2026(c)
|
|
1,022,000
|
990,048
|
|
|
|
|
18,017,947
|
|
Diversified Capital Markets-1.08%
|
|
|
|
|
UBS Group AG (NASDAQ 100 Stock Index),
180.20%, 02/09/2026(c)
|
|
1,764,000
|
1,745,358
|
|
UBS Group AG (NASDAQ 100 Stock Index),
210.16%, 02/11/2026(c)
|
|
1,516,000
|
1,489,884
|
|
UBS Group AG (NASDAQ 100 Stock Index),
183.27%, 02/23/2026(c)
|
|
937,000
|
914,361
|
|
UBS Group AG (NASDAQ 100 Stock Index),
177.60%, 03/02/2026(c)
|
|
1,730,000
|
1,725,326
|
|
|
|
|
5,874,929
|
|
Investment Banking & Brokerage-0.26%
|
|
|
|
|
Goldman Sachs Group, Inc. (The) (NASDAQ
100 Stock Index), 173.90%,
03/03/2026(c)
|
|
1,387,000
|
1,384,496
|
|
Total Equity Linked Notes
(Cost $25,631,000)
|
25,277,372
|
||
|
|
Shares
|
|
|
|
Money Market Funds-18.17%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(d)(e)
(Cost $98,488,490)
|
|
98,488,490
|
98,488,490
|
|
TOTAL INVESTMENTS IN SECURITIES-99.42%
(Cost $482,388,869)
|
538,879,835
|
||
|
OTHER ASSETS LESS LIABILITIES-0.58%
|
3,130,484
|
||
|
NET ASSETS-100.00%
|
$542,010,319
|
||
|
Investment Abbreviations:
|
|
|
ADR
|
-American Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $25,277,372, which represented 4.66% of the Fund’s Net Assets.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$81,835,754
|
$38,404,541
|
$(21,751,805
)
|
$-
|
$-
|
$98,488,490
|
$844,250
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
100,203
|
3,051,772
|
(3,151,975
)
|
-
|
-
|
-
|
2,332
*
|
|
Invesco Private Prime
Fund
|
405,221
|
6,134,589
|
(6,539,810
)
|
-
|
-
|
-
|
6,157
*
|
|
Total
|
$82,341,178
|
$47,590,902
|
$(31,443,590
)
|
$-
|
$-
|
$98,488,490
|
$852,739
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-69.09%
|
|||
|
Communication Services-7.61%
|
|||
|
Alphabet, Inc., Class A
|
|
4,520
|
$1,527,760
|
|
Alphabet, Inc., Class C
|
|
3,613
|
1,223,109
|
|
AT&T, Inc.
|
|
5,508
|
144,365
|
|
Charter Communications, Inc., Class A(b)
|
|
68
|
14,016
|
|
Comcast Corp., Class A
|
|
2,824
|
84,014
|
|
Electronic Arts, Inc.
|
|
174
|
35,482
|
|
Fox Corp., Class A
|
|
162
|
11,790
|
|
Fox Corp., Class B
|
|
115
|
7,541
|
|
Live Nation Entertainment, Inc.(b)
|
|
123
|
17,890
|
|
Match Group, Inc.
|
|
183
|
5,700
|
|
Meta Platforms, Inc., Class A
|
|
1,692
|
1,212,318
|
|
Netflix, Inc.(b)
|
|
3,292
|
274,849
|
|
News Corp., Class A
|
|
291
|
7,866
|
|
News Corp., Class B
|
|
96
|
2,986
|
|
Omnicom Group, Inc.
|
|
248
|
19,106
|
|
Paramount Skydance Corp.
|
|
241
|
2,702
|
|
Take-Two Interactive Software, Inc.(b)
|
|
135
|
29,740
|
|
TKO Group Holdings, Inc.
|
|
52
|
10,534
|
|
T-Mobile US, Inc.
|
|
374
|
73,757
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
342
|
10,373
|
|
Verizon Communications, Inc.
|
|
3,276
|
145,847
|
|
Walt Disney Co. (The)
|
|
1,387
|
156,454
|
|
Warner Bros. Discovery, Inc.(b)
|
|
1,925
|
53,014
|
|
|
|
|
5,071,213
|
|
Consumer Discretionary-7.21%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
330
|
42,692
|
|
Amazon.com, Inc.(b)
|
|
7,558
|
1,808,629
|
|
Aptiv PLC(b)
|
|
168
|
12,726
|
|
AutoZone, Inc.(b)
|
|
13
|
48,156
|
|
Best Buy Co., Inc.
|
|
152
|
9,895
|
|
Booking Holdings, Inc.
|
|
25
|
125,046
|
|
Carnival Corp.(b)
|
|
844
|
25,337
|
|
Carvana Co.(b)
|
|
110
|
44,122
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
1,027
|
39,920
|
|
D.R. Horton, Inc.
|
|
213
|
31,703
|
|
Darden Restaurants, Inc.
|
|
90
|
17,942
|
|
Deckers Outdoor Corp.(b)
|
|
113
|
13,485
|
|
Domino’s Pizza, Inc.
|
|
24
|
9,848
|
|
DoorDash, Inc., Class A(b)
|
|
290
|
59,340
|
|
eBay, Inc.
|
|
351
|
32,018
|
|
Expedia Group, Inc.
|
|
91
|
24,100
|
|
Ford Motor Co.
|
|
3,040
|
42,195
|
|
Garmin Ltd.
|
|
127
|
25,608
|
|
General Motors Co.
|
|
725
|
60,900
|
|
Genuine Parts Co.
|
|
108
|
15,011
|
|
Hasbro, Inc.
|
|
104
|
9,288
|
|
Hilton Worldwide Holdings, Inc.
|
|
181
|
54,030
|
|
Home Depot, Inc. (The)
|
|
773
|
289,558
|
|
Las Vegas Sands Corp.
|
|
236
|
12,444
|
|
Lennar Corp., Class A
|
|
168
|
18,371
|
|
Lowe’s Cos., Inc.
|
|
436
|
116,438
|
|
lululemon athletica, Inc.(b)
|
|
84
|
14,658
|
|
Marriott International, Inc., Class A
|
|
173
|
54,547
|
|
McDonald’s Corp.
|
|
553
|
174,195
|
|
MGM Resorts International(b)
|
|
159
|
5,333
|
|
NIKE, Inc., Class B
|
|
924
|
57,112
|
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
354
|
7,774
|
|
NVR, Inc.(b)
|
|
2
|
15,271
|
|
O’Reilly Automotive, Inc.(b)
|
|
656
|
64,557
|
|
Pool Corp.
|
|
25
|
6,352
|
|
PulteGroup, Inc.
|
|
151
|
18,889
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
Ralph Lauren Corp.
|
|
30
|
$10,602
|
|
Ross Stores, Inc.
|
|
253
|
47,728
|
|
Royal Caribbean Cruises Ltd.
|
|
197
|
63,956
|
|
Starbucks Corp.
|
|
883
|
81,192
|
|
Tapestry, Inc.
|
|
159
|
20,179
|
|
Tesla, Inc.(b)
|
|
2,183
|
939,585
|
|
TJX Cos., Inc. (The)
|
|
865
|
129,586
|
|
Tractor Supply Co.
|
|
411
|
20,912
|
|
Ulta Beauty, Inc.(b)
|
|
35
|
22,658
|
|
Williams-Sonoma, Inc.
|
|
95
|
19,442
|
|
Wynn Resorts Ltd.
|
|
66
|
7,092
|
|
Yum! Brands, Inc.
|
|
216
|
33,588
|
|
|
|
|
4,804,010
|
|
Consumer Staples-3.45%
|
|||
|
Altria Group, Inc.
|
|
1,304
|
80,835
|
|
Archer-Daniels-Midland Co.
|
|
373
|
25,107
|
|
Brown-Forman Corp., Class B(c)
|
|
137
|
3,750
|
|
Bunge Global S.A.
|
|
105
|
11,957
|
|
Campbell’s Co. (The)
|
|
153
|
4,281
|
|
Church & Dwight Co., Inc.
|
|
187
|
17,999
|
|
Clorox Co. (The)
|
|
95
|
10,715
|
|
Coca-Cola Co. (The)
|
|
3,008
|
225,028
|
|
Colgate-Palmolive Co.
|
|
626
|
56,522
|
|
Conagra Brands, Inc.
|
|
372
|
6,886
|
|
Constellation Brands, Inc., Class A
|
|
110
|
17,237
|
|
Costco Wholesale Corp.
|
|
344
|
323,446
|
|
Dollar General Corp.
|
|
171
|
24,527
|
|
Dollar Tree, Inc.(b)
|
|
147
|
17,286
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
191
|
22,018
|
|
General Mills, Inc.
|
|
414
|
19,152
|
|
Hershey Co. (The)
|
|
115
|
22,396
|
|
Hormel Foods Corp.
|
|
226
|
5,562
|
|
J.M. Smucker Co. (The)
|
|
83
|
8,703
|
|
Kenvue, Inc.
|
|
1,488
|
25,891
|
|
Keurig Dr Pepper, Inc.
|
|
1,055
|
28,949
|
|
Kimberly-Clark Corp.
|
|
258
|
25,797
|
|
Kraft Heinz Co. (The)
|
|
662
|
15,716
|
|
Kroger Co. (The)
|
|
474
|
29,791
|
|
Lamb Weston Holdings, Inc.
|
|
108
|
4,960
|
|
McCormick & Co., Inc.
|
|
197
|
12,180
|
|
Molson Coors Beverage Co., Class B
|
|
132
|
6,341
|
|
Mondelez International, Inc., Class A
|
|
1,002
|
58,587
|
|
Monster Beverage Corp.(b)
|
|
554
|
44,741
|
|
PepsiCo, Inc.
|
|
1,062
|
163,155
|
|
Philip Morris International, Inc.
|
|
1,209
|
216,943
|
|
Procter & Gamble Co. (The)
|
|
1,815
|
275,463
|
|
Sysco Corp.
|
|
372
|
31,192
|
|
Target Corp.
|
|
353
|
37,231
|
|
Tyson Foods, Inc., Class A
|
|
220
|
14,373
|
|
Walmart, Inc.
|
|
3,407
|
405,910
|
|
|
|
|
2,300,627
|
|
Energy-2.19%
|
|||
|
APA Corp.
|
|
276
|
7,289
|
|
Baker Hughes Co., Class A
|
|
767
|
42,983
|
|
Chevron Corp.
|
|
1,470
|
260,043
|
|
ConocoPhillips
|
|
960
|
100,061
|
|
Coterra Energy, Inc.
|
|
592
|
17,079
|
|
Devon Energy Corp.
|
|
487
|
19,582
|
|
Diamondback Energy, Inc.
|
|
145
|
23,773
|
|
EOG Resources, Inc.
|
|
422
|
47,319
|
|
EQT Corp.
|
|
485
|
27,999
|
|
|
Shares
|
Value
|
|
|
Energy-(continued)
|
|||
|
Expand Energy Corp.
|
|
185
|
$20,796
|
|
Exxon Mobil Corp.
|
|
3,276
|
463,226
|
|
Halliburton Co.
|
|
654
|
21,922
|
|
Kinder Morgan, Inc.
|
|
1,521
|
46,375
|
|
Marathon Petroleum Corp.
|
|
234
|
41,229
|
|
Occidental Petroleum Corp.
|
|
559
|
25,373
|
|
ONEOK, Inc.
|
|
489
|
38,724
|
|
Phillips 66
|
|
313
|
44,934
|
|
SLB Ltd.
|
|
1,161
|
56,169
|
|
Targa Resources Corp.
|
|
167
|
33,564
|
|
Texas Pacific Land Corp.
|
|
45
|
15,676
|
|
Valero Energy Corp.
|
|
237
|
42,999
|
|
Williams Cos., Inc. (The)
|
|
949
|
63,830
|
|
|
|
|
1,460,945
|
|
Financials-8.92%
|
|||
|
Aflac, Inc.
|
|
366
|
40,608
|
|
Allstate Corp. (The)
|
|
203
|
40,395
|
|
American Express Co.
|
|
417
|
146,855
|
|
American International Group, Inc.
|
|
419
|
31,375
|
|
Ameriprise Financial, Inc.
|
|
72
|
37,958
|
|
Aon PLC, Class A
|
|
167
|
58,390
|
|
Apollo Global Management, Inc.
|
|
361
|
48,569
|
|
Arch Capital Group Ltd.(b)
|
|
281
|
26,987
|
|
Ares Management Corp., Class A
|
|
160
|
23,947
|
|
Arthur J. Gallagher & Co.
|
|
200
|
49,874
|
|
Assurant, Inc.
|
|
39
|
9,287
|
|
Bank of America Corp.
|
|
5,219
|
277,651
|
|
Bank of New York Mellon Corp. (The)
|
|
542
|
64,997
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
1,425
|
684,755
|
|
BlackRock, Inc.
|
|
112
|
125,321
|
|
Blackstone, Inc., Class A
|
|
574
|
81,749
|
|
Block, Inc., Class A(b)
|
|
425
|
25,683
|
|
Brown & Brown, Inc.
|
|
228
|
16,439
|
|
Capital One Financial Corp.
|
|
494
|
108,151
|
|
Cboe Global Markets, Inc.
|
|
81
|
21,470
|
|
Charles Schwab Corp. (The)
|
|
1,298
|
134,888
|
|
Chubb Ltd.
|
|
284
|
87,915
|
|
Cincinnati Financial Corp.
|
|
121
|
19,468
|
|
Citigroup, Inc.
|
|
1,390
|
160,837
|
|
Citizens Financial Group, Inc.
|
|
334
|
21,035
|
|
CME Group, Inc., Class A
|
|
280
|
80,937
|
|
Coinbase Global, Inc., Class A(b)
|
|
177
|
34,469
|
|
Corpay, Inc.(b)
|
|
54
|
16,990
|
|
Erie Indemnity Co., Class A
|
|
20
|
5,660
|
|
Everest Group Ltd.
|
|
33
|
10,932
|
|
FactSet Research Systems, Inc.
|
|
29
|
7,376
|
|
Fidelity National Information Services, Inc.
|
|
402
|
22,211
|
|
Fifth Third Bancorp
|
|
698
|
35,054
|
|
Fiserv, Inc.(b)
|
|
418
|
26,639
|
|
Franklin Resources, Inc.
|
|
239
|
6,362
|
|
Global Payments, Inc.
|
|
184
|
13,200
|
|
Globe Life, Inc.
|
|
62
|
8,694
|
|
Goldman Sachs Group, Inc. (The)
|
|
233
|
217,951
|
|
Hartford Insurance Group, Inc. (The)
|
|
216
|
29,173
|
|
Huntington Bancshares, Inc.
|
|
1,590
|
27,793
|
|
Interactive Brokers Group, Inc., Class A
|
|
346
|
25,908
|
|
Intercontinental Exchange, Inc.
|
|
443
|
76,985
|
|
Invesco Ltd.(d)
|
|
346
|
9,442
|
|
Jack Henry & Associates, Inc.
|
|
56
|
10,036
|
|
JPMorgan Chase & Co.
|
|
2,115
|
646,957
|
|
KeyCorp
|
|
722
|
15,537
|
|
KKR & Co., Inc., Class A
|
|
533
|
60,901
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Loews Corp.
|
|
132
|
$13,935
|
|
M&T Bank Corp.
|
|
119
|
26,367
|
|
Marsh & McLennan Cos., Inc.
|
|
381
|
71,700
|
|
Mastercard, Inc., Class A
|
|
637
|
343,209
|
|
MetLife, Inc.
|
|
430
|
33,918
|
|
Moody’s Corp.
|
|
119
|
61,352
|
|
Morgan Stanley
|
|
938
|
171,466
|
|
MSCI, Inc.
|
|
58
|
35,335
|
|
Nasdaq, Inc.
|
|
350
|
33,912
|
|
Northern Trust Corp.
|
|
147
|
21,966
|
|
PayPal Holdings, Inc.
|
|
727
|
38,306
|
|
PNC Financial Services Group, Inc. (The)
|
|
305
|
68,106
|
|
Principal Financial Group, Inc.
|
|
155
|
14,682
|
|
Progressive Corp. (The)
|
|
456
|
94,848
|
|
Prudential Financial, Inc.
|
|
272
|
30,222
|
|
Raymond James Financial, Inc.
|
|
137
|
22,723
|
|
Regions Financial Corp.
|
|
681
|
19,409
|
|
Robinhood Markets, Inc., Class A(b)
|
|
611
|
60,782
|
|
S&P Global, Inc.
|
|
241
|
127,197
|
|
State Street Corp.
|
|
217
|
28,397
|
|
Synchrony Financial
|
|
280
|
20,336
|
|
T. Rowe Price Group, Inc.
|
|
170
|
17,966
|
|
Travelers Cos., Inc. (The)
|
|
173
|
49,220
|
|
Truist Financial Corp.
|
|
994
|
51,111
|
|
U.S. Bancorp
|
|
1,208
|
67,781
|
|
Visa, Inc., Class A
|
|
1,311
|
421,919
|
|
W.R. Berkley Corp.
|
|
233
|
15,979
|
|
Wells Fargo & Co.
|
|
2,439
|
220,705
|
|
Willis Towers Watson PLC
|
|
74
|
23,493
|
|
|
|
|
5,940,153
|
|
Health Care-6.52%
|
|||
|
Abbott Laboratories
|
|
1,351
|
147,664
|
|
AbbVie, Inc.
|
|
1,373
|
306,193
|
|
Agilent Technologies, Inc.
|
|
220
|
29,447
|
|
Align Technology, Inc.(b)
|
|
52
|
8,478
|
|
Amgen, Inc.
|
|
418
|
142,906
|
|
Baxter International, Inc.
|
|
399
|
8,008
|
|
Becton, Dickinson and Co.
|
|
223
|
45,376
|
|
Biogen, Inc.(b)
|
|
114
|
20,507
|
|
Bio-Techne Corp.
|
|
121
|
7,755
|
|
Boston Scientific Corp.(b)
|
|
1,152
|
107,747
|
|
Bristol-Myers Squibb Co.
|
|
1,582
|
87,089
|
|
Cardinal Health, Inc.
|
|
185
|
39,753
|
|
Cencora, Inc.
|
|
151
|
54,242
|
|
Centene Corp.(b)
|
|
363
|
15,725
|
|
Charles River Laboratories International,
Inc.(b)
|
|
38
|
7,998
|
|
Cigna Group (The)
|
|
208
|
57,015
|
|
Cooper Cos., Inc. (The)(b)
|
|
154
|
12,533
|
|
CVS Health Corp.
|
|
986
|
73,477
|
|
Danaher Corp.
|
|
488
|
106,818
|
|
DaVita, Inc.(b)
|
|
27
|
2,952
|
|
Dexcom, Inc.(b)
|
|
303
|
22,131
|
|
Edwards Lifesciences Corp.(b)
|
|
451
|
36,693
|
|
Elevance Health, Inc.
|
|
173
|
59,813
|
|
Eli Lilly and Co.
|
|
617
|
639,922
|
|
GE HealthCare Technologies, Inc.
|
|
354
|
27,955
|
|
Gilead Sciences, Inc.
|
|
964
|
136,840
|
|
HCA Healthcare, Inc.
|
|
124
|
60,545
|
|
Henry Schein, Inc.(b)
|
|
78
|
5,887
|
|
Hologic, Inc.(b)
|
|
173
|
12,963
|
|
Humana, Inc.
|
|
93
|
18,154
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
IDEXX Laboratories, Inc.(b)
|
|
62
|
$41,568
|
|
Incyte Corp.(b)
|
|
128
|
12,809
|
|
Insulet Corp.(b)
|
|
55
|
14,070
|
|
Intuitive Surgical, Inc.(b)
|
|
275
|
138,660
|
|
IQVIA Holdings, Inc.(b)
|
|
132
|
30,380
|
|
Johnson & Johnson
|
|
1,872
|
425,412
|
|
Labcorp Holdings, Inc.
|
|
64
|
17,377
|
|
McKesson Corp.
|
|
96
|
79,796
|
|
Medtronic PLC
|
|
996
|
102,548
|
|
Merck & Co., Inc.
|
|
1,928
|
212,601
|
|
Mettler-Toledo International, Inc.(b)
|
|
16
|
21,972
|
|
Moderna, Inc.(b)
|
|
270
|
11,899
|
|
Molina Healthcare, Inc.(b)
|
|
40
|
7,184
|
|
Pfizer, Inc.
|
|
4,417
|
116,785
|
|
Quest Diagnostics, Inc.
|
|
86
|
16,085
|
|
Regeneron Pharmaceuticals, Inc.
|
|
78
|
57,833
|
|
ResMed, Inc.
|
|
113
|
29,189
|
|
Revvity, Inc.
|
|
88
|
9,574
|
|
Solventum Corp.(b)
|
|
115
|
8,852
|
|
STERIS PLC
|
|
76
|
19,958
|
|
Stryker Corp.
|
|
267
|
98,672
|
|
Thermo Fisher Scientific, Inc.
|
|
292
|
168,954
|
|
UnitedHealth Group, Inc.
|
|
704
|
201,999
|
|
Universal Health Services, Inc., Class B
|
|
43
|
8,654
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
197
|
92,570
|
|
Viatris, Inc.
|
|
895
|
11,716
|
|
Waters Corp.(b)
|
|
46
|
17,053
|
|
West Pharmaceutical Services, Inc.
|
|
56
|
12,943
|
|
Zimmer Biomet Holdings, Inc.
|
|
154
|
13,409
|
|
Zoetis, Inc.
|
|
342
|
42,688
|
|
|
|
|
4,345,796
|
|
Industrials-5.93%
|
|||
|
3M Co.
|
|
413
|
63,255
|
|
A.O. Smith Corp.
|
|
88
|
6,467
|
|
Allegion PLC
|
|
67
|
11,081
|
|
AMETEK, Inc.
|
|
179
|
40,092
|
|
Automatic Data Processing, Inc.
|
|
314
|
77,501
|
|
Axon Enterprise, Inc.(b)
|
|
61
|
29,498
|
|
Boeing Co. (The)(b)
|
|
608
|
142,102
|
|
Broadridge Financial Solutions, Inc.
|
|
91
|
17,937
|
|
Builders FirstSource, Inc.(b)
|
|
86
|
9,838
|
|
C.H. Robinson Worldwide, Inc.
|
|
92
|
17,935
|
|
Carrier Global Corp.
|
|
615
|
36,642
|
|
Caterpillar, Inc.
|
|
364
|
239,279
|
|
Cintas Corp.
|
|
265
|
50,718
|
|
Comfort Systems USA, Inc.
|
|
27
|
30,837
|
|
Copart, Inc.(b)
|
|
692
|
28,081
|
|
CSX Corp.
|
|
1,447
|
54,639
|
|
Cummins, Inc.
|
|
107
|
61,934
|
|
Dayforce, Inc.(b)
|
|
124
|
8,589
|
|
Deere & Co.
|
|
195
|
102,960
|
|
Delta Air Lines, Inc.
|
|
504
|
33,209
|
|
Dover Corp.
|
|
107
|
21,559
|
|
Eaton Corp. PLC
|
|
302
|
106,129
|
|
EMCOR Group, Inc.
|
|
35
|
25,226
|
|
Emerson Electric Co.
|
|
436
|
64,075
|
|
Equifax, Inc.
|
|
95
|
19,133
|
|
Expeditors International of Washington, Inc.
|
|
104
|
16,696
|
|
Fastenal Co.
|
|
892
|
38,677
|
|
FedEx Corp.
|
|
169
|
54,460
|
|
Fortive Corp.
|
|
247
|
13,044
|
|
GE Vernova, Inc.
|
|
211
|
153,264
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Generac Holdings, Inc.(b)
|
|
46
|
$7,730
|
|
General Dynamics Corp.
|
|
197
|
69,165
|
|
General Electric Co.
|
|
819
|
251,261
|
|
Honeywell International, Inc.
|
|
493
|
112,167
|
|
Howmet Aerospace, Inc.
|
|
312
|
64,921
|
|
Hubbell, Inc.
|
|
41
|
20,006
|
|
Huntington Ingalls Industries, Inc.
|
|
30
|
12,615
|
|
IDEX Corp.
|
|
58
|
11,516
|
|
Illinois Tool Works, Inc.
|
|
205
|
53,558
|
|
Ingersoll Rand, Inc.
|
|
279
|
24,019
|
|
J.B. Hunt Transport Services, Inc.
|
|
58
|
11,758
|
|
Jacobs Solutions, Inc.
|
|
93
|
12,579
|
|
Johnson Controls International PLC
|
|
475
|
56,649
|
|
L3Harris Technologies, Inc.
|
|
145
|
49,713
|
|
Leidos Holdings, Inc.
|
|
99
|
18,640
|
|
Lennox International, Inc.
|
|
25
|
12,377
|
|
Lockheed Martin Corp.
|
|
158
|
100,207
|
|
Masco Corp.
|
|
161
|
10,640
|
|
Nordson Corp.
|
|
41
|
11,256
|
|
Norfolk Southern Corp.
|
|
174
|
50,676
|
|
Northrop Grumman Corp.
|
|
104
|
71,995
|
|
Old Dominion Freight Line, Inc.
|
|
143
|
24,768
|
|
Otis Worldwide Corp.
|
|
303
|
25,882
|
|
PACCAR, Inc.
|
|
408
|
50,147
|
|
Parker-Hannifin Corp.
|
|
98
|
91,712
|
|
Paychex, Inc.
|
|
252
|
25,989
|
|
Paycom Software, Inc.
|
|
38
|
5,121
|
|
Pentair PLC
|
|
127
|
13,382
|
|
Quanta Services, Inc.
|
|
116
|
55,057
|
|
Republic Services, Inc.
|
|
156
|
33,554
|
|
Rockwell Automation, Inc.
|
|
87
|
36,684
|
|
Rollins, Inc.
|
|
228
|
14,442
|
|
RTX Corp.
|
|
1,042
|
209,369
|
|
Snap-on, Inc.
|
|
40
|
14,644
|
|
Southwest Airlines Co.
|
|
402
|
19,103
|
|
Stanley Black & Decker, Inc.
|
|
120
|
9,439
|
|
Textron, Inc.
|
|
137
|
12,064
|
|
Trane Technologies PLC
|
|
172
|
72,340
|
|
TransDigm Group, Inc.
|
|
44
|
62,812
|
|
Uber Technologies, Inc.(b)
|
|
1,614
|
129,201
|
|
Union Pacific Corp.
|
|
461
|
108,381
|
|
United Airlines Holdings, Inc.(b)
|
|
252
|
25,785
|
|
United Parcel Service, Inc., Class B
|
|
574
|
60,970
|
|
United Rentals, Inc.
|
|
49
|
38,321
|
|
Veralto Corp.
|
|
193
|
19,103
|
|
Verisk Analytics, Inc.
|
|
108
|
23,486
|
|
W.W. Grainger, Inc.
|
|
34
|
36,718
|
|
Wabtec Corp.
|
|
133
|
30,609
|
|
Waste Management, Inc.
|
|
288
|
64,005
|
|
Xylem, Inc.
|
|
189
|
26,057
|
|
|
|
|
3,947,450
|
|
Information Technology-23.06%
|
|||
|
Accenture PLC, Class A
|
|
482
|
127,075
|
|
Adobe, Inc.(b)
|
|
325
|
95,306
|
|
Advanced Micro Devices, Inc.(b)
|
|
1,265
|
299,463
|
|
Akamai Technologies, Inc.(b)
|
|
112
|
10,881
|
|
Amphenol Corp., Class A
|
|
951
|
137,020
|
|
Analog Devices, Inc.
|
|
382
|
118,756
|
|
Apple, Inc.
|
|
11,480
|
2,978,830
|
|
Applied Materials, Inc.
|
|
619
|
199,516
|
|
AppLovin Corp., Class A(b)
|
|
210
|
99,353
|
|
Arista Networks, Inc.(b)
|
|
802
|
113,676
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Autodesk, Inc.(b)
|
|
165
|
$41,724
|
|
Broadcom, Inc.
|
|
3,669
|
1,215,540
|
|
Cadence Design Systems, Inc.(b)
|
|
211
|
62,532
|
|
CDW Corp.
|
|
101
|
12,765
|
|
Cisco Systems, Inc.
|
|
3,061
|
239,738
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
375
|
30,773
|
|
Corning, Inc.
|
|
606
|
62,570
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
195
|
86,074
|
|
Datadog, Inc., Class A(b)
|
|
253
|
32,718
|
|
Dell Technologies, Inc., Class C
|
|
234
|
26,779
|
|
EPAM Systems, Inc.(b)
|
|
43
|
8,970
|
|
F5, Inc.(b)
|
|
45
|
12,402
|
|
Fair Isaac Corp.(b)
|
|
18
|
26,337
|
|
First Solar, Inc.(b)
|
|
83
|
18,718
|
|
Fortinet, Inc.(b)
|
|
491
|
39,899
|
|
Gartner, Inc.(b)
|
|
56
|
11,738
|
|
Gen Digital, Inc.
|
|
436
|
10,460
|
|
GoDaddy, Inc., Class A(b)
|
|
105
|
10,555
|
|
Hewlett Packard Enterprise Co.
|
|
1,025
|
22,058
|
|
HP, Inc.
|
|
726
|
14,113
|
|
Intel Corp.(b)
|
|
3,483
|
161,855
|
|
International Business Machines Corp.
|
|
726
|
222,664
|
|
Intuit, Inc.
|
|
217
|
108,266
|
|
Jabil, Inc.
|
|
83
|
19,687
|
|
Keysight Technologies, Inc.(b)
|
|
134
|
28,988
|
|
KLA Corp.
|
|
102
|
145,650
|
|
Lam Research Corp.
|
|
976
|
227,857
|
|
Microchip Technology, Inc.
|
|
420
|
31,886
|
|
Micron Technology, Inc.
|
|
872
|
361,775
|
|
Microsoft Corp.
|
|
5,774
|
2,484,494
|
|
Monolithic Power Systems, Inc.
|
|
37
|
41,594
|
|
Motorola Solutions, Inc.
|
|
129
|
51,928
|
|
NetApp, Inc.
|
|
155
|
14,934
|
|
NVIDIA Corp.
|
|
18,878
|
3,608,152
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
196
|
44,323
|
|
ON Semiconductor Corp.(b)
|
|
313
|
18,746
|
|
Oracle Corp.
|
|
1,307
|
215,106
|
|
Palantir Technologies, Inc., Class A(b)
|
|
1,775
|
260,197
|
|
Palo Alto Networks, Inc.(b)
|
|
531
|
93,971
|
|
PTC, Inc.(b)
|
|
93
|
14,520
|
|
Qnity Electronics, Inc.
|
|
163
|
15,677
|
|
QUALCOMM, Inc.
|
|
832
|
126,123
|
|
Roper Technologies, Inc.
|
|
84
|
31,183
|
|
Salesforce, Inc.
|
|
740
|
157,095
|
|
Sandisk Corp.(b)
|
|
108
|
62,235
|
|
Seagate Technology Holdings PLC
|
|
169
|
68,900
|
|
ServiceNow, Inc.(b)
|
|
806
|
94,310
|
|
Skyworks Solutions, Inc.
|
|
116
|
6,468
|
|
Super Micro Computer, Inc.(b)(c)
|
|
390
|
11,353
|
|
Synopsys, Inc.(b)
|
|
144
|
66,977
|
|
TE Connectivity PLC (Switzerland)
|
|
229
|
51,017
|
|
Teledyne Technologies, Inc.(b)
|
|
36
|
22,331
|
|
Teradyne, Inc.
|
|
122
|
29,408
|
|
Texas Instruments, Inc.
|
|
706
|
152,178
|
|
Trimble, Inc.(b)
|
|
185
|
12,506
|
|
Tyler Technologies, Inc.(b)
|
|
33
|
12,190
|
|
VeriSign, Inc.
|
|
65
|
15,875
|
|
Western Digital Corp.
|
|
266
|
66,561
|
|
Workday, Inc., Class A(b)
|
|
169
|
29,681
|
|
Zebra Technologies Corp., Class A(b)
|
|
39
|
9,164
|
|
|
|
|
15,364,164
|
|
|
Shares
|
Value
|
|
|
Materials-1.36%
|
|||
|
Air Products and Chemicals, Inc.
|
|
173
|
$47,142
|
|
Albemarle Corp.
|
|
91
|
15,527
|
|
Amcor PLC(c)
|
|
359
|
15,886
|
|
Avery Dennison Corp.
|
|
60
|
11,131
|
|
Ball Corp.
|
|
208
|
11,829
|
|
CF Industries Holdings, Inc.
|
|
121
|
11,281
|
|
Corteva, Inc.
|
|
525
|
38,220
|
|
CRH PLC
|
|
521
|
63,776
|
|
Dow, Inc.
|
|
552
|
15,207
|
|
DuPont de Nemours, Inc.
|
|
325
|
14,274
|
|
Ecolab, Inc.
|
|
198
|
55,834
|
|
Freeport-McMoRan, Inc.
|
|
1,116
|
67,217
|
|
International Flavors & Fragrances, Inc.
|
|
199
|
13,892
|
|
International Paper Co.
|
|
410
|
16,531
|
|
Linde PLC
|
|
363
|
165,880
|
|
LyondellBasell Industries N.V., Class A
|
|
200
|
9,800
|
|
Martin Marietta Materials, Inc.
|
|
47
|
30,642
|
|
Mosaic Co. (The)
|
|
247
|
6,792
|
|
Newmont Corp.
|
|
848
|
95,273
|
|
Nucor Corp.
|
|
178
|
31,634
|
|
Packaging Corp. of America
|
|
69
|
15,356
|
|
PPG Industries, Inc.
|
|
174
|
20,120
|
|
Sherwin-Williams Co. (The)
|
|
179
|
63,480
|
|
Smurfit WestRock PLC
|
|
406
|
16,902
|
|
Steel Dynamics, Inc.
|
|
107
|
19,214
|
|
Vulcan Materials Co.
|
|
103
|
30,956
|
|
|
|
|
903,796
|
|
Real Estate-1.28%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
121
|
6,611
|
|
American Tower Corp.
|
|
364
|
65,258
|
|
AvalonBay Communities, Inc.
|
|
110
|
19,544
|
|
BXP, Inc.
|
|
114
|
7,372
|
|
Camden Property Trust
|
|
83
|
9,051
|
|
CBRE Group, Inc., Class A(b)
|
|
228
|
38,835
|
|
CoStar Group, Inc.(b)
|
|
329
|
20,234
|
|
Crown Castle, Inc.
|
|
338
|
29,342
|
|
Digital Realty Trust, Inc.
|
|
251
|
41,654
|
|
Equinix, Inc.
|
|
76
|
62,391
|
|
Equity Residential
|
|
269
|
16,764
|
|
Essex Property Trust, Inc.
|
|
50
|
12,594
|
|
Extra Space Storage, Inc.
|
|
165
|
22,765
|
|
Federal Realty Investment Trust
|
|
61
|
6,171
|
|
Healthpeak Properties, Inc.
|
|
540
|
9,310
|
|
Host Hotels & Resorts, Inc.
|
|
497
|
9,209
|
|
Invitation Homes, Inc.
|
|
438
|
11,708
|
|
Iron Mountain, Inc.
|
|
230
|
21,190
|
|
Kimco Realty Corp.
|
|
526
|
11,088
|
|
Mid-America Apartment Communities, Inc.
|
|
91
|
12,221
|
|
Prologis, Inc.
|
|
722
|
94,264
|
|
Public Storage
|
|
123
|
33,971
|
|
Realty Income Corp.
|
|
715
|
43,729
|
|
Regency Centers Corp.
|
|
128
|
9,327
|
|
SBA Communications Corp., Class A
|
|
83
|
15,281
|
|
Simon Property Group, Inc.
|
|
254
|
48,593
|
|
UDR, Inc.
|
|
234
|
8,693
|
|
Ventas, Inc.
|
|
365
|
28,350
|
|
VICI Properties, Inc.
|
|
830
|
23,306
|
|
Welltower, Inc.
|
|
533
|
100,396
|
|
Weyerhaeuser Co.
|
|
560
|
14,437
|
|
|
|
|
853,659
|
|
|
Shares
|
Value
|
|
|
Utilities-1.56%
|
|||
|
AES Corp. (The)
|
|
553
|
$8,101
|
|
Alliant Energy Corp.
|
|
200
|
13,182
|
|
Ameren Corp.
|
|
210
|
21,689
|
|
American Electric Power Co., Inc.
|
|
416
|
49,826
|
|
American Water Works Co., Inc.
|
|
152
|
19,628
|
|
Atmos Energy Corp.
|
|
125
|
20,792
|
|
CenterPoint Energy, Inc.
|
|
507
|
20,123
|
|
CMS Energy Corp.
|
|
236
|
16,872
|
|
Consolidated Edison, Inc.
|
|
280
|
29,856
|
|
Constellation Energy Corp.
|
|
243
|
68,205
|
|
Dominion Energy, Inc.
|
|
663
|
39,893
|
|
DTE Energy Co.
|
|
161
|
21,635
|
|
Duke Energy Corp.
|
|
604
|
73,295
|
|
Edison International
|
|
299
|
18,622
|
|
Entergy Corp.
|
|
347
|
33,274
|
|
Evergy, Inc.
|
|
179
|
13,735
|
|
Eversource Energy
|
|
291
|
20,117
|
|
Exelon Corp.
|
|
785
|
35,152
|
|
FirstEnergy Corp.
|
|
404
|
19,125
|
|
NextEra Energy, Inc.
|
|
1,618
|
142,222
|
|
NiSource, Inc.
|
|
371
|
16,432
|
|
NRG Energy, Inc.
|
|
149
|
22,742
|
|
PG&E Corp.
|
|
1,708
|
26,337
|
|
Pinnacle West Capital Corp.
|
|
93
|
8,701
|
|
PPL Corp.
|
|
575
|
20,844
|
|
Public Service Enterprise Group, Inc.
|
|
388
|
31,956
|
|
Sempra
|
|
507
|
44,114
|
|
Southern Co. (The)
|
|
855
|
76,360
|
|
Vistra Corp.
|
|
247
|
39,112
|
|
WEC Energy Group, Inc.
|
|
253
|
28,000
|
|
Xcel Energy, Inc.
|
|
460
|
34,988
|
|
|
|
|
1,034,930
|
|
Total Common Stocks & Other Equity Interests
(Cost $45,858,095)
|
46,026,743
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-24.98%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(d)(e)
(Cost $16,644,881)
|
|
16,644,881
|
$16,644,881
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-94.07%
(Cost $62,502,976)
|
62,671,624
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.05%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
8,392
|
8,392
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
23,158
|
23,165
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $31,557)
|
31,557
|
||
|
TOTAL INVESTMENTS IN SECURITIES-94.12%
(Cost $62,534,533)
|
62,703,181
|
||
|
OTHER ASSETS LESS LIABILITIES-5.88%
|
3,917,378
|
||
|
NET ASSETS-100.00%
|
$66,620,559
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Invesco Ltd.
|
$9,622
|
$20,517
|
$(21,976
)
|
$(1,701
)
|
$2,980
|
$9,442
|
$85
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government
Money Portfolio,
Institutional Class
|
16,335,707
|
112,319,251
|
(112,010,077
)
|
-
|
-
|
16,644,881
|
172,405
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$44,090
|
$231,043
|
$(266,741
)
|
$-
|
$-
|
$8,392
|
$312
*
|
|
Invesco Private Prime
Fund
|
114,713
|
543,326
|
(634,874
)
|
12
|
(12
)
|
23,165
|
848
*
|
|
Total
|
$16,504,132
|
$113,114,137
|
$(112,933,668
)
|
$(1,689
)
|
$2,968
|
$16,685,880
|
$173,650
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts(a)
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
|
|
Equity Risk
|
|
|
|
|
|
|
CBOE Volatility Index
|
298
|
February-2026
|
$5,675,350
|
$248,176
|
$248,176
|
|
CBOE Volatility Index
|
217
|
March-2026
|
4,317,888
|
98,117
|
98,117
|
|
E-Mini S&P 500 Index
|
30
|
March-2026
|
10,448,625
|
28,616
|
28,616
|
|
Total Futures Contracts
|
$374,909
|
$374,909
|
|||
|
(a)
|
Futures contracts collateralized by $3,902,621 cash held with Bank of America, N.A.,
the futures commission merchant.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-78.26%
|
|||
|
Advertising-0.27%
|
|||
|
Omnicom Group, Inc.
|
|
11,493
|
$885,421
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
22,697
|
688,400
|
|
|
|
|
1,573,821
|
|
Aerospace & Defense-2.07%
|
|||
|
Axon Enterprise, Inc.(b)
|
|
1,561
|
754,868
|
|
Boeing Co. (The)(b)
|
|
4,482
|
1,047,533
|
|
General Dynamics Corp.
|
|
2,603
|
913,887
|
|
General Electric Co.
|
|
3,143
|
964,241
|
|
Howmet Aerospace, Inc.
|
|
4,632
|
963,827
|
|
Huntington Ingalls Industries, Inc.
|
|
2,760
|
1,160,608
|
|
L3Harris Technologies, Inc.
|
|
3,120
|
1,069,692
|
|
Lockheed Martin Corp.
|
|
1,900
|
1,205,018
|
|
Northrop Grumman Corp.
|
|
1,610
|
1,114,539
|
|
RTX Corp.
|
|
5,092
|
1,023,135
|
|
Textron, Inc.
|
|
10,464
|
921,460
|
|
TransDigm Group, Inc.
|
|
689
|
983,575
|
|
|
|
|
12,122,383
|
|
Agricultural & Farm Machinery-0.17%
|
|||
|
Deere & Co.
|
|
1,897
|
1,001,616
|
|
Agricultural Products & Services-0.37%
|
|||
|
Archer-Daniels-Midland Co.
|
|
15,284
|
1,028,766
|
|
Bunge Global S.A.
|
|
9,731
|
1,108,166
|
|
|
|
|
2,136,932
|
|
Air Freight & Logistics-0.68%
|
|||
|
C.H. Robinson Worldwide, Inc.
|
|
5,623
|
1,096,204
|
|
Expeditors International of Washington, Inc.
|
|
5,876
|
943,333
|
|
FedEx Corp.
|
|
3,136
|
1,010,576
|
|
United Parcel Service, Inc., Class B
|
|
8,931
|
948,651
|
|
|
|
|
3,998,764
|
|
Apparel Retail-0.30%
|
|||
|
Ross Stores, Inc.
|
|
4,894
|
923,253
|
|
TJX Cos., Inc. (The)
|
|
5,711
|
855,565
|
|
|
|
|
1,778,818
|
|
Apparel, Accessories & Luxury Goods-0.46%
|
|||
|
lululemon athletica, Inc.(b)
|
|
4,740
|
827,130
|
|
Ralph Lauren Corp.
|
|
2,484
|
877,870
|
|
Tapestry, Inc.
|
|
7,556
|
958,932
|
|
|
|
|
2,663,932
|
|
Application Software-1.76%
|
|||
|
Adobe, Inc.(b)
|
|
2,597
|
761,570
|
|
AppLovin Corp., Class A(b)
|
|
1,270
|
600,850
|
|
Autodesk, Inc.(b)
|
|
2,969
|
750,771
|
|
Cadence Design Systems, Inc.(b)
|
|
2,633
|
780,316
|
|
Datadog, Inc., Class A(b)
|
|
5,881
|
760,531
|
|
Fair Isaac Corp.(b)
|
|
513
|
750,606
|
|
Intuit, Inc.
|
|
1,341
|
669,052
|
|
Palantir Technologies, Inc., Class A(b)
|
|
4,733
|
693,810
|
|
PTC, Inc.(b)
|
|
5,067
|
791,111
|
|
Roper Technologies, Inc.
|
|
2,017
|
748,771
|
|
Salesforce, Inc.
|
|
3,370
|
715,417
|
|
Synopsys, Inc.(b)
|
|
1,871
|
870,230
|
|
Tyler Technologies, Inc.(b)
|
|
1,947
|
719,222
|
|
Workday, Inc., Class A(b)
|
|
3,992
|
701,115
|
|
|
|
|
10,313,372
|
|
Asset Management & Custody Banks-1.67%
|
|||
|
Ameriprise Financial, Inc.
|
|
1,798
|
947,888
|
|
Ares Management Corp., Class A
|
|
4,999
|
748,200
|
|
|
Shares
|
Value
|
|
|
Asset Management & Custody Banks-(continued)
|
|||
|
Bank of New York Mellon Corp. (The)
|
|
7,518
|
$901,558
|
|
BlackRock, Inc.
|
|
816
|
913,055
|
|
Blackstone, Inc., Class A
|
|
5,680
|
808,946
|
|
Franklin Resources, Inc.
|
|
38,180
|
1,016,352
|
|
Invesco Ltd.(c)
|
|
33,052
|
901,989
|
|
KKR & Co., Inc., Class A
|
|
6,281
|
717,667
|
|
Northern Trust Corp.
|
|
6,462
|
965,617
|
|
State Street Corp.
|
|
6,908
|
903,981
|
|
T. Rowe Price Group, Inc.
|
|
8,599
|
908,742
|
|
|
|
|
9,733,995
|
|
Automobile Manufacturers-0.46%
|
|||
|
Ford Motor Co.
|
|
66,372
|
921,244
|
|
General Motors Co.
|
|
11,022
|
925,848
|
|
Tesla, Inc.(b)
|
|
1,964
|
845,325
|
|
|
|
|
2,692,417
|
|
Automotive Parts & Equipment-0.15%
|
|||
|
Aptiv PLC(b)
|
|
11,326
|
857,945
|
|
Automotive Retail-0.45%
|
|||
|
AutoZone, Inc.(b)
|
|
254
|
940,890
|
|
Carvana Co.(b)
|
|
1,901
|
762,510
|
|
O’Reilly Automotive, Inc.(b)
|
|
9,513
|
936,174
|
|
|
|
|
2,639,574
|
|
Biotechnology-1.36%
|
|||
|
AbbVie, Inc.
|
|
3,952
|
881,336
|
|
Amgen, Inc.
|
|
2,822
|
964,785
|
|
Biogen, Inc.(b)
|
|
5,018
|
902,688
|
|
Gilead Sciences, Inc.
|
|
7,335
|
1,041,203
|
|
Incyte Corp.(b)
|
|
9,356
|
936,255
|
|
Moderna, Inc.(b)(d)
|
|
30,657
|
1,351,054
|
|
Regeneron Pharmaceuticals, Inc.
|
|
1,233
|
914,208
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
2,007
|
943,089
|
|
|
|
|
7,934,618
|
|
Brewers-0.16%
|
|||
|
Molson Coors Beverage Co., Class B
|
|
18,996
|
912,568
|
|
Broadcasting-0.27%
|
|||
|
Fox Corp., Class A
|
|
7,609
|
553,783
|
|
Fox Corp., Class B
|
|
5,425
|
355,717
|
|
Paramount Skydance Corp.(d)
|
|
60,460
|
677,757
|
|
|
|
|
1,587,257
|
|
Broadline Retail-0.32%
|
|||
|
Amazon.com, Inc.(b)
|
|
3,833
|
917,237
|
|
eBay, Inc.
|
|
10,766
|
982,074
|
|
|
|
|
1,899,311
|
|
Building Products-1.28%
|
|||
|
A.O. Smith Corp.
|
|
13,109
|
963,380
|
|
Allegion PLC
|
|
5,560
|
919,568
|
|
Builders FirstSource, Inc.(b)
|
|
8,119
|
928,814
|
|
Carrier Global Corp.
|
|
16,672
|
993,318
|
|
Johnson Controls International PLC
|
|
7,687
|
916,752
|
|
Lennox International, Inc.
|
|
1,754
|
868,370
|
|
Masco Corp.
|
|
14,035
|
927,573
|
|
Trane Technologies PLC
|
|
2,232
|
938,735
|
|
|
|
|
7,456,510
|
|
Cable & Satellite-0.32%
|
|||
|
Charter Communications, Inc., Class A(b)(d)
|
|
4,170
|
859,520
|
|
Comcast Corp., Class A
|
|
34,058
|
1,013,226
|
|
|
|
|
1,872,746
|
|
|
Shares
|
Value
|
|
|
Cargo Ground Transportation-0.32%
|
|||
|
J.B. Hunt Transport Services, Inc.
|
|
4,494
|
$911,024
|
|
Old Dominion Freight Line, Inc.
|
|
5,656
|
979,619
|
|
|
|
|
1,890,643
|
|
Casinos & Gaming-0.39%
|
|||
|
Las Vegas Sands Corp.
|
|
13,386
|
705,844
|
|
MGM Resorts International(b)
|
|
23,921
|
802,310
|
|
Wynn Resorts Ltd.
|
|
7,196
|
773,210
|
|
|
|
|
2,281,364
|
|
Commodity Chemicals-0.34%
|
|||
|
Dow, Inc.
|
|
36,193
|
997,117
|
|
LyondellBasell Industries N.V., Class A
|
|
19,683
|
964,467
|
|
|
|
|
1,961,584
|
|
Communications Equipment-0.64%
|
|||
|
Arista Networks, Inc.(b)
|
|
6,728
|
953,627
|
|
Cisco Systems, Inc.
|
|
11,091
|
868,647
|
|
F5, Inc.(b)
|
|
3,443
|
948,925
|
|
Motorola Solutions, Inc.
|
|
2,404
|
967,706
|
|
|
|
|
3,738,905
|
|
Computer & Electronics Retail-0.13%
|
|||
|
Best Buy Co., Inc.
|
|
12,010
|
781,851
|
|
Construction & Engineering-0.50%
|
|||
|
Comfort Systems USA, Inc.
|
|
877
|
1,001,621
|
|
EMCOR Group, Inc.
|
|
1,427
|
1,028,482
|
|
Quanta Services, Inc.
|
|
1,922
|
912,239
|
|
|
|
|
2,942,342
|
|
Construction Machinery & Heavy Transportation Equipment-0.66%
|
|||
|
Caterpillar, Inc.
|
|
1,451
|
953,829
|
|
Cummins, Inc.
|
|
1,696
|
981,679
|
|
PACCAR, Inc.
|
|
7,847
|
964,475
|
|
Wabtec Corp.
|
|
4,129
|
950,248
|
|
|
|
|
3,850,231
|
|
Construction Materials-0.46%
|
|||
|
CRH PLC
|
|
7,115
|
870,947
|
|
Martin Marietta Materials, Inc.
|
|
1,434
|
934,896
|
|
Vulcan Materials Co.
|
|
3,000
|
901,620
|
|
|
|
|
2,707,463
|
|
Consumer Electronics-0.15%
|
|||
|
Garmin Ltd.
|
|
4,238
|
854,550
|
|
Consumer Finance-0.41%
|
|||
|
American Express Co.
|
|
2,376
|
836,756
|
|
Capital One Financial Corp.
|
|
3,745
|
819,893
|
|
Synchrony Financial
|
|
10,527
|
764,576
|
|
|
|
|
2,421,225
|
|
Consumer Staples Merchandise Retail-0.81%
|
|||
|
Costco Wholesale Corp.
|
|
1,011
|
950,593
|
|
Dollar General Corp.
|
|
7,076
|
1,014,911
|
|
Dollar Tree, Inc.(b)
|
|
7,162
|
842,179
|
|
Target Corp.
|
|
9,406
|
992,051
|
|
Walmart, Inc.
|
|
7,866
|
937,155
|
|
|
|
|
4,736,889
|
|
Copper-0.20%
|
|||
|
Freeport-McMoRan, Inc.
|
|
19,162
|
1,154,127
|
|
Data Center REITs-0.33%
|
|||
|
Digital Realty Trust, Inc.
|
|
5,585
|
926,831
|
|
Equinix, Inc.
|
|
1,205
|
989,220
|
|
|
|
|
1,916,051
|
|
|
Shares
|
Value
|
|
|
Data Processing & Outsourced Services-0.13%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
3,924
|
$773,460
|
|
Distillers & Vintners-0.30%
|
|||
|
Brown-Forman Corp., Class B(d)
|
|
29,299
|
801,914
|
|
Constellation Brands, Inc., Class A
|
|
5,995
|
939,416
|
|
|
|
|
1,741,330
|
|
Distributors-0.32%
|
|||
|
Genuine Parts Co.
|
|
6,780
|
942,352
|
|
Pool Corp.
|
|
3,705
|
941,404
|
|
|
|
|
1,883,756
|
|
Diversified Banks-1.25%
|
|||
|
Bank of America Corp.
|
|
16,456
|
875,459
|
|
Citigroup, Inc.
|
|
8,018
|
927,763
|
|
Fifth Third Bancorp
|
|
18,715
|
939,867
|
|
JPMorgan Chase & Co.
|
|
2,866
|
876,681
|
|
KeyCorp
|
|
43,374
|
933,408
|
|
PNC Financial Services Group, Inc. (The)
|
|
4,302
|
960,637
|
|
U.S. Bancorp
|
|
16,614
|
932,212
|
|
Wells Fargo & Co.
|
|
9,811
|
887,797
|
|
|
|
|
7,333,824
|
|
Diversified Financial Services-0.14%
|
|||
|
Apollo Global Management, Inc.
|
|
5,974
|
803,742
|
|
Diversified Support Services-0.32%
|
|||
|
Cintas Corp.
|
|
4,803
|
919,246
|
|
Copart, Inc.(b)
|
|
22,713
|
921,694
|
|
|
|
|
1,840,940
|
|
Electric Utilities-2.66%
|
|||
|
Alliant Energy Corp.
|
|
13,732
|
905,076
|
|
American Electric Power Co., Inc.
|
|
7,792
|
933,287
|
|
Constellation Energy Corp.
|
|
2,457
|
689,631
|
|
Duke Energy Corp.
|
|
7,813
|
948,108
|
|
Edison International
|
|
15,476
|
963,845
|
|
Entergy Corp.
|
|
9,541
|
914,887
|
|
Evergy, Inc.
|
|
12,102
|
928,586
|
|
Eversource Energy
|
|
13,160
|
909,751
|
|
Exelon Corp.
|
|
20,561
|
920,722
|
|
FirstEnergy Corp.
|
|
20,051
|
949,214
|
|
NextEra Energy, Inc.
|
|
10,947
|
962,241
|
|
NRG Energy, Inc.
|
|
5,290
|
807,413
|
|
PG&E Corp.
|
|
59,021
|
910,104
|
|
Pinnacle West Capital Corp.
|
|
10,288
|
962,545
|
|
PPL Corp.
|
|
26,757
|
969,941
|
|
Southern Co. (The)
|
|
10,580
|
944,900
|
|
Xcel Energy, Inc.
|
|
11,923
|
906,863
|
|
|
|
|
15,527,114
|
|
Electrical Components & Equipment-0.96%
|
|||
|
AMETEK, Inc.
|
|
4,442
|
994,919
|
|
Eaton Corp. PLC
|
|
2,512
|
882,767
|
|
Emerson Electric Co.
|
|
6,503
|
955,681
|
|
Generac Holdings, Inc.(b)
|
|
5,336
|
896,662
|
|
Hubbell, Inc.
|
|
1,993
|
972,464
|
|
Rockwell Automation, Inc.
|
|
2,177
|
917,932
|
|
|
|
|
5,620,425
|
|
Electronic Components-0.33%
|
|||
|
Amphenol Corp., Class A
|
|
6,416
|
924,417
|
|
Corning, Inc.
|
|
9,444
|
975,093
|
|
|
|
|
1,899,510
|
|
|
Shares
|
Value
|
|
|
Electronic Equipment & Instruments-0.59%
|
|||
|
Keysight Technologies, Inc.(b)
|
|
4,179
|
$904,043
|
|
Teledyne Technologies, Inc.(b)
|
|
1,721
|
1,067,536
|
|
Trimble, Inc.(b)
|
|
10,788
|
729,269
|
|
Zebra Technologies Corp., Class A(b)
|
|
3,273
|
769,090
|
|
|
|
|
3,469,938
|
|
Electronic Manufacturing Services-0.30%
|
|||
|
Jabil, Inc.
|
|
3,877
|
919,586
|
|
TE Connectivity PLC (Switzerland)
|
|
3,639
|
810,696
|
|
|
|
|
1,730,282
|
|
Environmental & Facilities Services-0.64%
|
|||
|
Republic Services, Inc.
|
|
4,291
|
922,951
|
|
Rollins, Inc.
|
|
15,142
|
959,094
|
|
Veralto Corp.
|
|
9,099
|
900,619
|
|
Waste Management, Inc.
|
|
4,261
|
946,965
|
|
|
|
|
3,729,629
|
|
Fertilizers & Agricultural Chemicals-0.53%
|
|||
|
CF Industries Holdings, Inc.
|
|
11,693
|
1,090,138
|
|
Corteva, Inc.
|
|
13,676
|
995,613
|
|
Mosaic Co. (The)
|
|
37,472
|
1,030,480
|
|
|
|
|
3,116,231
|
|
Financial Exchanges & Data-1.40%
|
|||
|
Cboe Global Markets, Inc.
|
|
3,573
|
947,059
|
|
CME Group, Inc., Class A
|
|
3,345
|
966,906
|
|
Coinbase Global, Inc., Class A(b)
|
|
3,232
|
629,400
|
|
FactSet Research Systems, Inc.
|
|
3,081
|
783,683
|
|
Intercontinental Exchange, Inc.
|
|
5,555
|
965,348
|
|
Moody’s Corp.
|
|
1,856
|
956,879
|
|
MSCI, Inc.
|
|
1,657
|
1,009,478
|
|
Nasdaq, Inc.
|
|
9,679
|
937,798
|
|
S&P Global, Inc.
|
|
1,817
|
958,995
|
|
|
|
|
8,155,546
|
|
Food Distributors-0.17%
|
|||
|
Sysco Corp.
|
|
12,092
|
1,013,914
|
|
Food Retail-0.16%
|
|||
|
Kroger Co. (The)
|
|
14,528
|
913,085
|
|
Footwear-0.32%
|
|||
|
Deckers Outdoor Corp.(b)
|
|
8,837
|
1,054,608
|
|
NIKE, Inc., Class B
|
|
13,529
|
836,227
|
|
|
|
|
1,890,835
|
|
Gas Utilities-0.15%
|
|||
|
Atmos Energy Corp.
|
|
5,330
|
886,592
|
|
Gold-0.18%
|
|||
|
Newmont Corp.
|
|
9,426
|
1,059,011
|
|
Health Care Distributors-0.63%
|
|||
|
Cardinal Health, Inc.
|
|
4,492
|
965,241
|
|
Cencora, Inc.
|
|
2,613
|
938,642
|
|
Henry Schein, Inc.(b)
|
|
11,723
|
884,852
|
|
McKesson Corp.
|
|
1,097
|
911,837
|
|
|
|
|
3,700,572
|
|
Health Care Equipment-2.40%
|
|||
|
Abbott Laboratories
|
|
7,268
|
794,392
|
|
Baxter International, Inc.
|
|
48,740
|
978,212
|
|
Becton, Dickinson and Co.
|
|
4,488
|
913,218
|
|
Boston Scientific Corp.(b)
|
|
9,600
|
897,888
|
|
Dexcom, Inc.(b)
|
|
13,172
|
962,083
|
|
Edwards Lifesciences Corp.(b)
|
|
10,600
|
862,416
|
|
GE HealthCare Technologies, Inc.
|
|
10,536
|
832,028
|
|
|
Shares
|
Value
|
|
|
Health Care Equipment-(continued)
|
|||
|
Hologic, Inc.(b)
|
|
11,890
|
$890,918
|
|
IDEXX Laboratories, Inc.(b)
|
|
1,272
|
852,825
|
|
Insulet Corp.(b)
|
|
3,014
|
771,011
|
|
Intuitive Surgical, Inc.(b)
|
|
1,609
|
811,290
|
|
Medtronic PLC
|
|
8,832
|
909,343
|
|
ResMed, Inc.
|
|
3,542
|
914,934
|
|
STERIS PLC
|
|
3,434
|
901,768
|
|
Stryker Corp.
|
|
2,509
|
927,226
|
|
Zimmer Biomet Holdings, Inc.
|
|
9,563
|
832,651
|
|
|
|
|
14,052,203
|
|
Health Care Facilities-0.30%
|
|||
|
HCA Healthcare, Inc.
|
|
1,897
|
926,248
|
|
Universal Health Services, Inc., Class B
|
|
3,990
|
803,028
|
|
|
|
|
1,729,276
|
|
Health Care REITs-0.64%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
19,154
|
1,046,574
|
|
Healthpeak Properties, Inc.
|
|
53,515
|
922,599
|
|
Ventas, Inc.
|
|
11,452
|
889,477
|
|
Welltower, Inc.
|
|
4,662
|
878,134
|
|
|
|
|
3,736,784
|
|
Health Care Services-0.76%
|
|||
|
Cigna Group (The)
|
|
3,389
|
928,959
|
|
CVS Health Corp.
|
|
11,271
|
839,915
|
|
DaVita, Inc.(b)
|
|
7,501
|
820,159
|
|
Labcorp Holdings, Inc.
|
|
3,396
|
922,082
|
|
Quest Diagnostics, Inc.(d)
|
|
4,952
|
926,173
|
|
|
|
|
4,437,288
|
|
Health Care Supplies-0.45%
|
|||
|
Align Technology, Inc.(b)
|
|
5,412
|
882,318
|
|
Cooper Cos., Inc. (The)(b)
|
|
11,029
|
897,540
|
|
Solventum Corp.(b)
|
|
10,870
|
836,664
|
|
|
|
|
2,616,522
|
|
Heavy Electrical Equipment-0.15%
|
|||
|
GE Vernova, Inc.
|
|
1,238
|
899,246
|
|
Home Improvement Retail-0.33%
|
|||
|
Home Depot, Inc. (The)
|
|
2,527
|
946,589
|
|
Lowe’s Cos., Inc.
|
|
3,611
|
964,354
|
|
|
|
|
1,910,943
|
|
Homebuilding-0.60%
|
|||
|
D.R. Horton, Inc.
|
|
5,727
|
852,407
|
|
Lennar Corp., Class A
|
|
7,409
|
810,174
|
|
NVR, Inc.(b)
|
|
125
|
954,466
|
|
PulteGroup, Inc.
|
|
6,958
|
870,376
|
|
|
|
|
3,487,423
|
|
Homefurnishing Retail-0.17%
|
|||
|
Williams-Sonoma, Inc.
|
|
4,752
|
972,497
|
|
Hotel & Resort REITs-0.16%
|
|||
|
Host Hotels & Resorts, Inc.
|
|
49,915
|
924,925
|
|
Hotels, Resorts & Cruise Lines-1.32%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
6,975
|
902,356
|
|
Booking Holdings, Inc.
|
|
170
|
850,313
|
|
Carnival Corp.(b)
|
|
33,864
|
1,016,597
|
|
Expedia Group, Inc.
|
|
3,243
|
858,876
|
|
Hilton Worldwide Holdings, Inc.
|
|
3,274
|
977,322
|
|
Marriott International, Inc., Class A
|
|
3,097
|
976,484
|
|
|
Shares
|
Value
|
|
|
Hotels, Resorts & Cruise Lines-(continued)
|
|||
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
46,258
|
$1,015,825
|
|
Royal Caribbean Cruises Ltd.
|
|
3,415
|
1,108,680
|
|
|
|
|
7,706,453
|
|
Household Products-0.83%
|
|||
|
Church & Dwight Co., Inc.
|
|
10,686
|
1,028,527
|
|
Clorox Co. (The)
|
|
8,678
|
978,792
|
|
Colgate-Palmolive Co.
|
|
11,448
|
1,033,640
|
|
Kimberly-Clark Corp.(d)
|
|
8,631
|
863,014
|
|
Procter & Gamble Co. (The)
|
|
6,368
|
966,471
|
|
|
|
|
4,870,444
|
|
Human Resource & Employment Services-0.56%
|
|||
|
Automatic Data Processing, Inc.
|
|
3,428
|
846,099
|
|
Dayforce, Inc.(b)
|
|
12,866
|
891,228
|
|
Paychex, Inc.
|
|
7,886
|
813,283
|
|
Paycom Software, Inc.
|
|
5,435
|
732,366
|
|
|
|
|
3,282,976
|
|
Independent Power Producers & Energy Traders-0.31%
|
|||
|
AES Corp. (The)
|
|
64,496
|
944,866
|
|
Vistra Corp.
|
|
5,394
|
854,140
|
|
|
|
|
1,799,006
|
|
Industrial Conglomerates-0.32%
|
|||
|
3M Co.
|
|
5,379
|
823,847
|
|
Honeywell International, Inc.
|
|
4,640
|
1,055,693
|
|
|
|
|
1,879,540
|
|
Industrial Gases-0.35%
|
|||
|
Air Products and Chemicals, Inc.
|
|
3,760
|
1,024,600
|
|
Linde PLC
|
|
2,266
|
1,035,494
|
|
|
|
|
2,060,094
|
|
Industrial Machinery & Supplies & Components-1.90%
|
|||
|
Dover Corp.
|
|
4,545
|
915,772
|
|
Fortive Corp.
|
|
16,238
|
857,529
|
|
IDEX Corp.
|
|
5,045
|
1,001,685
|
|
Illinois Tool Works, Inc.
|
|
3,516
|
918,590
|
|
Ingersoll Rand, Inc.(d)
|
|
10,986
|
945,785
|
|
Nordson Corp.
|
|
3,766
|
1,033,880
|
|
Otis Worldwide Corp.
|
|
10,133
|
865,561
|
|
Parker-Hannifin Corp.
|
|
996
|
932,096
|
|
Pentair PLC
|
|
8,456
|
891,009
|
|
Snap-on, Inc.
|
|
2,561
|
937,607
|
|
Stanley Black & Decker, Inc.
|
|
11,727
|
922,446
|
|
Xylem, Inc.
|
|
6,425
|
885,815
|
|
|
|
|
11,107,775
|
|
Industrial REITs-0.15%
|
|||
|
Prologis, Inc.
|
|
6,859
|
895,511
|
|
Insurance Brokers-0.77%
|
|||
|
Aon PLC, Class A
|
|
2,619
|
915,707
|
|
Arthur J. Gallagher & Co.
|
|
3,706
|
924,165
|
|
Brown & Brown, Inc.
|
|
11,481
|
827,780
|
|
Marsh & McLennan Cos., Inc.
|
|
4,916
|
925,142
|
|
Willis Towers Watson PLC
|
|
2,825
|
896,853
|
|
|
|
|
4,489,647
|
|
Integrated Oil & Gas-0.52%
|
|||
|
Chevron Corp.
|
|
5,874
|
1,039,181
|
|
Exxon Mobil Corp.
|
|
7,452
|
1,053,713
|
|
Occidental Petroleum Corp.
|
|
21,314
|
967,443
|
|
|
|
|
3,060,337
|
|
|
Shares
|
Value
|
|
|
Integrated Telecommunication Services-0.33%
|
|||
|
AT&T, Inc.
|
|
36,489
|
$956,377
|
|
Verizon Communications, Inc.
|
|
22,298
|
992,707
|
|
|
|
|
1,949,084
|
|
Interactive Home Entertainment-0.29%
|
|||
|
Electronic Arts, Inc.
|
|
4,369
|
890,927
|
|
Take-Two Interactive Software, Inc.(b)
|
|
3,614
|
796,164
|
|
|
|
|
1,687,091
|
|
Interactive Media & Services-0.47%
|
|||
|
Alphabet, Inc., Class A
|
|
1,540
|
520,520
|
|
Alphabet, Inc., Class C
|
|
1,240
|
419,777
|
|
Match Group, Inc.
|
|
26,324
|
819,993
|
|
Meta Platforms, Inc., Class A
|
|
1,364
|
977,306
|
|
|
|
|
2,737,596
|
|
Internet Services & Infrastructure-0.44%
|
|||
|
Akamai Technologies, Inc.(b)
|
|
10,299
|
1,000,548
|
|
GoDaddy, Inc., Class A(b)
|
|
6,939
|
697,508
|
|
VeriSign, Inc.
|
|
3,680
|
898,767
|
|
|
|
|
2,596,823
|
|
Investment Banking & Brokerage-0.91%
|
|||
|
Charles Schwab Corp. (The)
|
|
9,283
|
964,690
|
|
Goldman Sachs Group, Inc. (The)
|
|
996
|
931,668
|
|
Interactive Brokers Group, Inc., Class A
|
|
13,349
|
999,573
|
|
Morgan Stanley
|
|
4,947
|
904,312
|
|
Raymond James Financial, Inc.
|
|
5,326
|
883,370
|
|
Robinhood Markets, Inc., Class A(b)
|
|
6,562
|
652,788
|
|
|
|
|
5,336,401
|
|
IT Consulting & Other Services-0.73%
|
|||
|
Accenture PLC, Class A
|
|
3,263
|
860,257
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
10,696
|
877,714
|
|
EPAM Systems, Inc.(b)
|
|
4,198
|
875,703
|
|
Gartner, Inc.(b)
|
|
3,861
|
809,304
|
|
International Business Machines Corp.
|
|
2,844
|
872,255
|
|
|
|
|
4,295,233
|
|
Leisure Products-0.17%
|
|||
|
Hasbro, Inc.
|
|
10,839
|
968,031
|
|
Life & Health Insurance-0.77%
|
|||
|
Aflac, Inc.
|
|
8,300
|
920,885
|
|
Globe Life, Inc.
|
|
6,596
|
924,891
|
|
MetLife, Inc.
|
|
11,145
|
879,118
|
|
Principal Financial Group, Inc.
|
|
9,859
|
933,844
|
|
Prudential Financial, Inc.
|
|
7,751
|
861,214
|
|
|
|
|
4,519,952
|
|
Life Sciences Tools & Services-1.50%
|
|||
|
Agilent Technologies, Inc.
|
|
6,204
|
830,405
|
|
Bio-Techne Corp.
|
|
14,634
|
937,893
|
|
Charles River Laboratories International,
Inc.(b)
|
|
4,563
|
960,420
|
|
Danaher Corp.
|
|
3,870
|
847,104
|
|
IQVIA Holdings, Inc.(b)
|
|
3,989
|
918,068
|
|
Mettler-Toledo International, Inc.(b)
|
|
627
|
861,022
|
|
Revvity, Inc.
|
|
8,603
|
936,007
|
|
Thermo Fisher Scientific, Inc.
|
|
1,547
|
895,110
|
|
Waters Corp.(b)
|
|
2,249
|
833,749
|
|
West Pharmaceutical Services, Inc.
|
|
3,338
|
771,479
|
|
|
|
|
8,791,257
|
|
|
Shares
|
Value
|
|
|
Managed Health Care-0.74%
|
|||
|
Centene Corp.(b)
|
|
23,012
|
$996,880
|
|
Elevance Health, Inc.
|
|
2,612
|
903,073
|
|
Humana, Inc.
|
|
3,461
|
675,587
|
|
Molina Healthcare, Inc.(b)
|
|
5,542
|
995,288
|
|
UnitedHealth Group, Inc.
|
|
2,704
|
775,858
|
|
|
|
|
4,346,686
|
|
Metal, Glass & Plastic Containers-0.18%
|
|||
|
Ball Corp.
|
|
18,630
|
1,059,488
|
|
Movies & Entertainment-0.75%
|
|||
|
Live Nation Entertainment, Inc.(b)(d)
|
|
6,410
|
932,334
|
|
Netflix, Inc.(b)
|
|
9,599
|
801,421
|
|
TKO Group Holdings, Inc.
|
|
4,519
|
915,459
|
|
Walt Disney Co. (The)
|
|
8,175
|
922,140
|
|
Warner Bros. Discovery, Inc.(b)
|
|
30,137
|
829,973
|
|
|
|
|
4,401,327
|
|
Multi-Family Residential REITs-0.94%
|
|||
|
AvalonBay Communities, Inc.
|
|
5,050
|
897,233
|
|
Camden Property Trust
|
|
8,632
|
941,319
|
|
Equity Residential
|
|
14,669
|
914,172
|
|
Essex Property Trust, Inc.
|
|
3,495
|
880,286
|
|
Mid-America Apartment Communities, Inc.
|
|
6,749
|
906,391
|
|
UDR, Inc.
|
|
25,266
|
938,632
|
|
|
|
|
5,478,033
|
|
Multi-Sector Holdings-0.15%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
1,820
|
874,565
|
|
Multi-Utilities-1.60%
|
|||
|
Ameren Corp.
|
|
9,096
|
939,435
|
|
CenterPoint Energy, Inc.
|
|
23,742
|
942,320
|
|
CMS Energy Corp.
|
|
12,719
|
909,281
|
|
Consolidated Edison, Inc.
|
|
9,334
|
995,284
|
|
Dominion Energy, Inc.
|
|
15,328
|
922,286
|
|
DTE Energy Co.
|
|
6,840
|
919,159
|
|
NiSource, Inc.
|
|
21,533
|
953,697
|
|
Public Service Enterprise Group, Inc.
|
|
11,308
|
931,327
|
|
Sempra
|
|
9,990
|
869,230
|
|
WEC Energy Group, Inc.
|
|
8,591
|
950,766
|
|
|
|
|
9,332,785
|
|
Office REITs-0.14%
|
|||
|
BXP, Inc.
|
|
12,648
|
817,946
|
|
Oil & Gas Equipment & Services-0.54%
|
|||
|
Baker Hughes Co., Class A
|
|
18,525
|
1,038,141
|
|
Halliburton Co.
|
|
30,647
|
1,027,288
|
|
SLB Ltd.
|
|
22,287
|
1,078,245
|
|
|
|
|
3,143,674
|
|
Oil & Gas Exploration & Production-1.43%
|
|||
|
APA Corp.
|
|
33,817
|
893,107
|
|
ConocoPhillips
|
|
9,196
|
958,499
|
|
Coterra Energy, Inc.
|
|
32,937
|
950,232
|
|
Devon Energy Corp.
|
|
23,167
|
931,545
|
|
Diamondback Energy, Inc.
|
|
5,560
|
911,562
|
|
EOG Resources, Inc.
|
|
7,982
|
895,022
|
|
EQT Corp.
|
|
15,551
|
897,759
|
|
Expand Energy Corp.
|
|
7,634
|
858,138
|
|
Texas Pacific Land Corp.
|
|
2,991
|
1,041,945
|
|
|
|
|
8,337,809
|
|
Oil & Gas Refining & Marketing-0.45%
|
|||
|
Marathon Petroleum Corp.
|
|
4,656
|
820,341
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Refining & Marketing-(continued)
|
|||
|
Phillips 66
|
|
6,190
|
$888,636
|
|
Valero Energy Corp.
|
|
5,059
|
917,854
|
|
|
|
|
2,626,831
|
|
Oil & Gas Storage & Transportation-0.67%
|
|||
|
Kinder Morgan, Inc.
|
|
33,471
|
1,020,531
|
|
ONEOK, Inc.
|
|
12,060
|
955,031
|
|
Targa Resources Corp.
|
|
4,854
|
975,557
|
|
Williams Cos., Inc. (The)
|
|
14,707
|
989,193
|
|
|
|
|
3,940,312
|
|
Other Specialized REITs-0.32%
|
|||
|
Iron Mountain, Inc.
|
|
10,404
|
958,520
|
|
VICI Properties, Inc.
|
|
32,059
|
900,217
|
|
|
|
|
1,858,737
|
|
Other Specialty Retail-0.31%
|
|||
|
Tractor Supply Co.
|
|
16,835
|
856,565
|
|
Ulta Beauty, Inc.(b)
|
|
1,484
|
960,682
|
|
|
|
|
1,817,247
|
|
Packaged Foods & Meats-1.70%
|
|||
|
Campbell’s Co. (The)
|
|
31,583
|
883,692
|
|
Conagra Brands, Inc.
|
|
51,030
|
944,565
|
|
General Mills, Inc.
|
|
19,469
|
900,636
|
|
Hershey Co. (The)
|
|
4,938
|
961,676
|
|
Hormel Foods Corp.
|
|
37,488
|
922,580
|
|
J.M. Smucker Co. (The)
|
|
8,926
|
935,980
|
|
Kraft Heinz Co. (The)
|
|
36,549
|
867,673
|
|
Lamb Weston Holdings, Inc.
|
|
15,086
|
692,900
|
|
McCormick & Co., Inc.
|
|
13,846
|
856,098
|
|
Mondelez International, Inc., Class A
|
|
16,518
|
965,808
|
|
Tyson Foods, Inc., Class A
|
|
15,431
|
1,008,107
|
|
|
|
|
9,939,715
|
|
Paper & Plastic Packaging Products & Materials-0.82%
|
|||
|
Amcor PLC(d)
|
|
21,705
|
960,446
|
|
Avery Dennison Corp.
|
|
5,030
|
933,115
|
|
International Paper Co.
|
|
22,751
|
917,321
|
|
Packaging Corp. of America
|
|
4,387
|
976,327
|
|
Smurfit WestRock PLC
|
|
23,941
|
996,664
|
|
|
|
|
4,783,873
|
|
Passenger Airlines-0.47%
|
|||
|
Delta Air Lines, Inc.
|
|
12,732
|
838,912
|
|
Southwest Airlines Co.
|
|
22,347
|
1,061,929
|
|
United Airlines Holdings, Inc.(b)
|
|
8,262
|
845,368
|
|
|
|
|
2,746,209
|
|
Passenger Ground Transportation-0.14%
|
|||
|
Uber Technologies, Inc.(b)
|
|
10,571
|
846,209
|
|
Personal Care Products-0.32%
|
|||
|
Estee Lauder Cos., Inc. (The), Class A
|
|
8,294
|
956,132
|
|
Kenvue, Inc.
|
|
51,386
|
894,117
|
|
|
|
|
1,850,249
|
|
Pharmaceuticals-1.15%
|
|||
|
Bristol-Myers Squibb Co.
|
|
17,375
|
956,494
|
|
Eli Lilly and Co.
|
|
899
|
932,398
|
|
Johnson & Johnson
|
|
4,310
|
979,447
|
|
Merck & Co., Inc.
|
|
9,114
|
1,005,001
|
|
Pfizer, Inc.
|
|
34,520
|
912,709
|
|
Viatris, Inc.
|
|
76,726
|
1,004,343
|
|
Zoetis, Inc.
|
|
7,536
|
940,644
|
|
|
|
|
6,731,036
|
|
|
Shares
|
Value
|
|
|
Property & Casualty Insurance-1.85%
|
|||
|
Allstate Corp. (The)
|
|
4,431
|
$881,725
|
|
American International Group, Inc.
|
|
10,971
|
821,509
|
|
Arch Capital Group Ltd.(b)
|
|
9,705
|
932,068
|
|
Assurant, Inc.
|
|
3,988
|
949,662
|
|
Chubb Ltd.
|
|
3,002
|
929,299
|
|
Cincinnati Financial Corp.
|
|
5,471
|
880,229
|
|
Erie Indemnity Co., Class A
|
|
3,233
|
914,971
|
|
Hartford Insurance Group, Inc. (The)
|
|
6,828
|
922,190
|
|
Loews Corp.
|
|
8,672
|
915,503
|
|
Progressive Corp. (The)
|
|
3,991
|
830,128
|
|
Travelers Cos., Inc. (The)
|
|
3,197
|
909,579
|
|
W.R. Berkley Corp.
|
|
13,167
|
902,993
|
|
|
|
|
10,789,856
|
|
Publishing-0.16%
|
|||
|
News Corp., Class A
|
|
24,825
|
671,020
|
|
News Corp., Class B
|
|
8,189
|
254,678
|
|
|
|
|
925,698
|
|
Rail Transportation-0.46%
|
|||
|
CSX Corp.
|
|
24,002
|
906,315
|
|
Norfolk Southern Corp.
|
|
3,023
|
880,419
|
|
Union Pacific Corp.
|
|
3,778
|
888,208
|
|
|
|
|
2,674,942
|
|
Real Estate Services-0.30%
|
|||
|
CBRE Group, Inc., Class A(b)
|
|
5,678
|
967,134
|
|
CoStar Group, Inc.(b)
|
|
13,117
|
806,695
|
|
|
|
|
1,773,829
|
|
Regional Banks-0.80%
|
|||
|
Citizens Financial Group, Inc.
|
|
15,225
|
958,870
|
|
Huntington Bancshares, Inc.
|
|
50,681
|
885,904
|
|
M&T Bank Corp.
|
|
4,348
|
963,386
|
|
Regions Financial Corp.
|
|
32,507
|
926,450
|
|
Truist Financial Corp.
|
|
17,957
|
923,349
|
|
|
|
|
4,657,959
|
|
Reinsurance-0.16%
|
|||
|
Everest Group Ltd.
|
|
2,821
|
934,541
|
|
Research & Consulting Services-0.60%
|
|||
|
Equifax, Inc.
|
|
4,136
|
832,990
|
|
Jacobs Solutions, Inc.
|
|
6,580
|
890,011
|
|
Leidos Holdings, Inc.
|
|
4,724
|
889,435
|
|
Verisk Analytics, Inc.
|
|
4,149
|
902,241
|
|
|
|
|
3,514,677
|
|
Restaurants-1.12%
|
|||
|
Chipotle Mexican Grill, Inc.(b)
|
|
26,220
|
1,019,171
|
|
Darden Restaurants, Inc.
|
|
4,962
|
989,175
|
|
Domino’s Pizza, Inc.
|
|
2,120
|
869,900
|
|
DoorDash, Inc., Class A(b)
|
|
4,035
|
825,642
|
|
McDonald’s Corp.
|
|
2,862
|
901,530
|
|
Starbucks Corp.
|
|
10,610
|
975,589
|
|
Yum! Brands, Inc.
|
|
6,187
|
962,078
|
|
|
|
|
6,543,085
|
|
Retail REITs-0.81%
|
|||
|
Federal Realty Investment Trust
|
|
9,135
|
924,096
|
|
Kimco Realty Corp.
|
|
44,367
|
935,256
|
|
Realty Income Corp.
|
|
15,704
|
960,457
|
|
Regency Centers Corp.
|
|
13,240
|
964,799
|
|
Simon Property Group, Inc.
|
|
4,899
|
937,228
|
|
|
|
|
4,721,836
|
|
|
Shares
|
Value
|
|
|
Self-Storage REITs-0.32%
|
|||
|
Extra Space Storage, Inc.
|
|
6,854
|
$945,646
|
|
Public Storage
|
|
3,331
|
919,989
|
|
|
|
|
1,865,635
|
|
Semiconductor Materials & Equipment-0.92%
|
|||
|
Applied Materials, Inc.
|
|
3,231
|
1,041,416
|
|
KLA Corp.
|
|
721
|
1,029,545
|
|
Lam Research Corp.
|
|
5,287
|
1,234,303
|
|
Qnity Electronics, Inc.
|
|
10,326
|
993,154
|
|
Teradyne, Inc.
|
|
4,359
|
1,050,737
|
|
|
|
|
5,349,155
|
|
Semiconductors-2.25%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
4,013
|
949,998
|
|
Analog Devices, Inc.
|
|
3,164
|
983,624
|
|
Broadcom, Inc.
|
|
2,148
|
711,632
|
|
First Solar, Inc.(b)
|
|
3,393
|
765,189
|
|
Intel Corp.(b)
|
|
21,823
|
1,014,115
|
|
Microchip Technology, Inc.
|
|
13,112
|
995,463
|
|
Micron Technology, Inc.
|
|
3,376
|
1,400,635
|
|
Monolithic Power Systems, Inc.
|
|
912
|
1,025,225
|
|
NVIDIA Corp.
|
|
4,847
|
926,407
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
3,862
|
873,353
|
|
ON Semiconductor Corp.(b)
|
|
16,154
|
967,463
|
|
QUALCOMM, Inc.
|
|
4,885
|
740,517
|
|
Skyworks Solutions, Inc.(d)
|
|
12,938
|
721,423
|
|
Texas Instruments, Inc.
|
|
4,898
|
1,055,764
|
|
|
|
|
13,130,808
|
|
Single-Family Residential REITs-0.15%
|
|||
|
Invitation Homes, Inc.
|
|
33,614
|
898,502
|
|
Soft Drinks & Non-alcoholic Beverages-0.63%
|
|||
|
Coca-Cola Co. (The)
|
|
12,673
|
948,067
|
|
Keurig Dr Pepper, Inc.
|
|
30,137
|
826,959
|
|
Monster Beverage Corp.(b)
|
|
12,048
|
972,997
|
|
PepsiCo, Inc.
|
|
5,951
|
914,252
|
|
|
|
|
3,662,275
|
|
Specialty Chemicals-1.03%
|
|||
|
Albemarle Corp.
|
|
6,689
|
1,141,344
|
|
DuPont de Nemours, Inc.
|
|
21,726
|
954,206
|
|
Ecolab, Inc.
|
|
3,451
|
973,147
|
|
International Flavors & Fragrances, Inc.
|
|
13,605
|
949,765
|
|
PPG Industries, Inc.
|
|
8,859
|
1,024,366
|
|
Sherwin-Williams Co. (The)
|
|
2,734
|
969,586
|
|
|
|
|
6,012,414
|
|
Steel-0.32%
|
|||
|
Nucor Corp.
|
|
5,419
|
963,064
|
|
Steel Dynamics, Inc.
|
|
5,203
|
934,303
|
|
|
|
|
1,897,367
|
|
Systems Software-0.91%
|
|||
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
1,711
|
755,244
|
|
Fortinet, Inc.(b)
|
|
10,907
|
886,303
|
|
Gen Digital, Inc.
|
|
32,329
|
775,573
|
|
Microsoft Corp.
|
|
1,861
|
800,770
|
|
Oracle Corp.
|
|
3,987
|
656,180
|
|
Palo Alto Networks, Inc.(b)
|
|
4,620
|
817,601
|
|
ServiceNow, Inc.(b)
|
|
5,218
|
610,558
|
|
|
|
|
5,302,229
|
|
Technology Distributors-0.13%
|
|||
|
CDW Corp.
|
|
5,957
|
752,905
|
|
|
Shares
|
Value
|
|
|
Technology Hardware, Storage & Peripherals-1.56%
|
|||
|
Apple, Inc.
|
|
3,193
|
$828,519
|
|
Dell Technologies, Inc., Class C
|
|
6,334
|
724,863
|
|
Hewlett Packard Enterprise Co.
|
|
35,232
|
758,193
|
|
HP, Inc.
|
|
34,920
|
678,845
|
|
NetApp, Inc.
|
|
7,460
|
718,771
|
|
Sandisk Corp.(b)
|
|
3,817
|
2,199,546
|
|
Seagate Technology Holdings PLC
|
|
2,980
|
1,214,916
|
|
Super Micro Computer, Inc.(b)(d)
|
|
25,506
|
742,480
|
|
Western Digital Corp.
|
|
4,891
|
1,223,875
|
|
|
|
|
9,090,008
|
|
Telecom Tower REITs-0.45%
|
|||
|
American Tower Corp.
|
|
4,933
|
884,388
|
|
Crown Castle, Inc.
|
|
9,815
|
852,040
|
|
SBA Communications Corp., Class A
|
|
4,703
|
865,870
|
|
|
|
|
2,602,298
|
|
Timber REITs-0.17%
|
|||
|
Weyerhaeuser Co.
|
|
38,644
|
996,242
|
|
Tobacco-0.34%
|
|||
|
Altria Group, Inc.
|
|
15,170
|
940,388
|
|
Philip Morris International, Inc.
|
|
5,949
|
1,067,489
|
|
|
|
|
2,007,877
|
|
Trading Companies & Distributors-0.47%
|
|||
|
Fastenal Co.
|
|
21,750
|
943,080
|
|
United Rentals, Inc.
|
|
1,097
|
857,920
|
|
W.W. Grainger, Inc.
|
|
898
|
969,786
|
|
|
|
|
2,770,786
|
|
Transaction & Payment Processing Services-1.29%
|
|||
|
Block, Inc., Class A(b)
|
|
14,066
|
850,008
|
|
Corpay, Inc.(b)
|
|
2,853
|
897,639
|
|
Fidelity National Information Services, Inc.
|
|
13,362
|
738,251
|
|
Fiserv, Inc.(b)
|
|
13,368
|
851,943
|
|
Global Payments, Inc.
|
|
11,079
|
794,808
|
|
Jack Henry & Associates, Inc.
|
|
4,819
|
863,613
|
|
Mastercard, Inc., Class A
|
|
1,655
|
891,697
|
|
PayPal Holdings, Inc.
|
|
14,549
|
766,587
|
|
Visa, Inc., Class A
|
|
2,740
|
881,814
|
|
|
|
|
7,536,360
|
|
Water Utilities-0.15%
|
|||
|
American Water Works Co., Inc.
|
|
6,918
|
893,321
|
|
Wireless Telecommunication Services-0.15%
|
|||
|
T-Mobile US, Inc.
|
|
4,553
|
897,897
|
|
Total Common Stocks & Other Equity Interests
(Cost $415,609,653)
|
457,439,131
|
||
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-4.96%
|
|
|
|
|
Diversified Banks-3.67%
|
|
|
|
|
BNP Paribas S.A. (Invesco S&P 500 Equal
Weight ETF), 143.00%, 02/11/2026(e)
|
|
$1,255,000
|
1,228,689
|
|
BNP Paribas S.A. (Invesco S&P 500 Equal
Weight ETF), 142.45%, 03/04/2026(e)
|
|
1,096,000
|
1,115,354
|
|
Canadian Imperial Bank of Commerce
(Invesco S&P 500 Equal Weight ETF),
03/02/2026(e)
|
|
1,262,000
|
1,262,000
|
|
Citigroup Global Markets Holdings, Inc.
(Invesco S&P 500 Equal Weight ETF),
152.13%, 02/26/2026(e)
|
|
1,908,000
|
1,930,314
|
|
|
|
Principal
Amount
|
Value
|
|
Diversified Banks-(continued)
|
|
|
|
|
Citigroup, Inc. (Invesco S&P 500 Equal
Weight ETF), 125.42%, 03/02/2026(e)
|
|
$1,761,000
|
$1,768,828
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 151.63%,
02/27/2026(e)
|
|
1,578,000
|
1,591,716
|
|
Royal Bank of Canada (Invesco S&P 500
Equal Weight ETF), 139.05%,
02/10/2026(e)
|
|
1,674,000
|
1,610,050
|
|
Royal Bank of Canada (Invesco S&P 500
Equal Weight ETF), 129.89%,
03/03/2026(e)
|
|
2,141,000
|
2,145,993
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 141.50%,
02/12/2026(e)
|
|
1,759,000
|
1,728,628
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 143.01%,
02/13/2026(e)
|
|
1,664,000
|
1,636,775
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 130.60%,
02/17/2026(e)
|
|
1,444,000
|
1,427,918
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 148.70%,
02/23/2026(e)
|
|
1,072,000
|
1,078,630
|
|
Toronto-Dominion Bank (The) (Invesco
S&P 500 Equal Weight ETF), 123.80%,
02/06/2026(e)
|
|
1,522,000
|
1,450,440
|
|
Toronto-Dominion Bank (The) (Invesco
S&P 500 Equal Weight ETF), 146.85%,
02/19/2026(e)
|
|
1,503,000
|
1,500,191
|
|
|
|
|
21,475,526
|
|
Diversified Capital Markets-0.36%
|
|
|
|
|
UBS Group AG (Invesco S&P 500 Equal
Weight ETF), 156.88%, 02/20/2026(e)
|
|
1,234,000
|
1,233,354
|
|
UBS Group AG (Invesco S&P 500 Equal
Weight ETF), 151.61%, 02/24/2026(e)
|
|
828,000
|
849,376
|
|
|
|
|
2,082,730
|
|
Investment Banking & Brokerage-0.93%
|
|
|
|
|
Goldman Sachs Group, Inc. (The) (Invesco
S&P 500 Equal Weight ETF), 123.72%,
02/09/2026(e)
|
|
1,253,000
|
1,232,911
|
|
Goldman Sachs Group, Inc. (The) (Invesco
S&P 500 Equal Weight ETF), 155.15%,
02/18/2026(e)
|
|
1,806,000
|
1,814,723
|
|
Goldman Sachs Group, Inc. (The) (Invesco
S&P 500 Equal Weight ETF), 143.60%,
02/25/2026(e)
|
|
1,459,000
|
1,472,997
|
|
Morgan Stanley (Invesco S&P 500 Equal
Weight ETF), 129.90%, 02/05/2026(e)
|
|
1,001,000
|
889,882
|
|
|
|
|
5,410,513
|
|
Total Equity Linked Notes
(Cost $29,220,000)
|
28,968,769
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-16.44%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(c)(f)
(Cost $96,083,201)
|
|
96,083,201
|
$96,083,201
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.66%
(Cost $540,912,854)
|
582,491,101
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.70%
|
|||
|
Invesco Private Government Fund,
3.65%(c)(f)(g)
|
|
1,128,532
|
1,128,532
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(c)(f)(g)
|
|
2,983,461
|
$2,984,356
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $4,112,888)
|
4,112,888
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.36%
(Cost $545,025,742)
|
586,603,989
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.36)%
|
(2,097,275
)
|
||
|
NET ASSETS-100.00%
|
$584,506,714
|
||
|
Investment Abbreviations:
|
|
|
ETF
|
-Exchange-Traded Fund
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Invesco Ltd.
|
$752,759
|
$178,125
|
$(147,525
)
|
$106,194
|
$12,436
|
$901,989
|
$6,845
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
85,547,006
|
38,690,431
|
(28,154,236
)
|
-
|
-
|
96,083,201
|
850,305
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
1,948,347
|
7,360,979
|
(8,180,794
)
|
-
|
-
|
1,128,532
|
16,083
*
|
|
Invesco Private Prime
Fund
|
5,576,063
|
13,027,786
|
(15,619,493
)
|
130
|
(130
)
|
2,984,356
|
43,415
*
|
|
Total
|
$93,824,175
|
$59,257,321
|
$(52,102,048
)
|
$106,324
|
$12,306
|
$101,098,078
|
$916,648
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(e)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $28,968,769, which represented 4.96% of the Fund’s Net Assets.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-91.67%
|
|||
|
Advertising-0.53%
|
|||
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
|
7.13% 02/15/2031(b)
|
$
|
20,000
|
$20,869
|
|
7.50% 03/15/2033(b)
|
|
20,000
|
21,264
|
|
|
|
|
42,133
|
|
Aerospace & Defense-1.48%
|
|||
|
TransDigm, Inc.
|
|
|
|
|
6.38% 03/01/2029(b)
|
|
87,000
|
89,573
|
|
6.00% 01/15/2033(b)
|
|
27,000
|
27,527
|
|
|
|
|
117,100
|
|
Alternative Carriers-0.10%
|
|||
|
Lumen Technologies, Inc., 10.00%,
10/15/2032(b)
|
|
8,000
|
8,000
|
|
Apparel Retail-0.09%
|
|||
|
Men’s Wearhouse LLC (The), 9.00%,
02/01/2031(b)
|
|
7,000
|
7,287
|
|
Saks Global Enterprises LLC, 11.00%,
12/15/2029(b)(c)
|
|
22,350
|
112
|
|
|
|
|
7,399
|
|
Application Software-1.21%
|
|||
|
Cloud Software Group, Inc.
|
|
|
|
|
9.00% 09/30/2029(b)
|
|
22,000
|
22,241
|
|
8.25% 06/30/2032(b)
|
|
34,000
|
34,615
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
39,000
|
38,989
|
|
|
|
|
95,845
|
|
Automobile Manufacturers-1.27%
|
|||
|
Allison Transmission, Inc.
|
|
|
|
|
3.75% 01/30/2031(b)
|
|
85,000
|
80,166
|
|
5.88% 12/01/2033(b)
|
|
20,000
|
20,295
|
|
|
|
|
100,461
|
|
Automotive Parts & Equipment-3.31%
|
|||
|
American Axle & Manufacturing, Inc., 7.75%,
10/15/2033(b)
|
|
40,000
|
41,171
|
|
Clarios Global L.P./Clarios US Finance Co.
|
|
|
|
|
6.75% 02/15/2030(b)
|
|
51,000
|
53,380
|
|
6.75% 09/15/2032(b)
|
|
7,000
|
7,250
|
|
Cougar JV Subsidiary LLC, 8.00%,
05/15/2032(b)
|
|
44,000
|
47,051
|
|
Forvia SE (France), 8.00%, 06/15/2030(b)
|
|
32,000
|
34,179
|
|
NESCO Holdings II, Inc., 5.50%, 04/15/2029(b)
|
|
41,000
|
40,426
|
|
Phinia, Inc.
|
|
|
|
|
6.75% 04/15/2029(b)
|
|
8,000
|
8,280
|
|
6.63% 10/15/2032(b)
|
|
30,000
|
31,253
|
|
|
|
|
262,990
|
|
Automotive Retail-3.34%
|
|||
|
Carvana Co., 14.00% PIK Rate, 9.00% Cash
Rate, 06/01/2031(b)(d)
|
|
40,660
|
44,765
|
|
Group 1 Automotive, Inc.
|
|
|
|
|
4.00% 08/15/2028(b)
|
|
77,000
|
75,340
|
|
6.38% 01/15/2030(b)
|
|
41,000
|
42,164
|
|
LCM Investments Holdings II LLC, 8.25%,
08/01/2031(b)
|
|
40,000
|
42,162
|
|
Lithia Motors, Inc.
|
|
|
|
|
5.50% 10/01/2030(b)
|
|
18,000
|
18,090
|
|
4.38% 01/15/2031(b)
|
|
44,000
|
42,380
|
|
|
|
|
264,901
|
|
|
Principal
Amount
|
Value
|
|
|
Broadcasting-1.16%
|
|||
|
Discovery Communications LLC, 4.13%,
05/15/2029
|
$
|
41,000
|
$39,862
|
|
Gray Media, Inc., 9.63%, 07/15/2032(b)
|
|
12,000
|
12,381
|
|
Univision Communications, Inc.
|
|
|
|
|
8.00% 08/15/2028(b)
|
|
23,000
|
23,749
|
|
9.38% 08/01/2032(b)
|
|
15,000
|
16,157
|
|
|
|
|
92,149
|
|
Broadline Retail-0.14%
|
|||
|
Alibaba Group Holding Ltd. (China), Conv.,
0.00%, 09/15/2030(b)(e)(f)
|
|
10,000
|
11,213
|
|
Building Products-0.49%
|
|||
|
New Enterprise Stone & Lime Co., Inc., 5.25%,
07/15/2028(b)
|
|
39,000
|
39,040
|
|
Cable & Satellite-3.40%
|
|||
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
5.38% 06/01/2029(b)
|
|
17,000
|
16,821
|
|
4.75% 03/01/2030(b)
|
|
41,000
|
39,193
|
|
4.75% 02/01/2032(b)(g)
|
|
60,000
|
54,851
|
|
4.50% 05/01/2032
|
|
51,000
|
45,811
|
|
4.50% 06/01/2033(b)
|
|
46,000
|
40,287
|
|
Directv Financing LLC, 8.88%, 02/01/2030(b)
|
|
10,000
|
10,138
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc.
|
|
|
|
|
5.88% 08/15/2027(b)
|
|
9,000
|
9,048
|
|
10.00% 02/15/2031(b)
|
|
5,000
|
5,154
|
|
Sinclair Television Group, Inc., 8.13%,
02/15/2033(b)
|
|
8,000
|
8,280
|
|
Versant Media Group, Inc., 7.25%,
01/30/2031(b)
|
|
39,000
|
39,993
|
|
|
|
|
269,576
|
|
Casinos & Gaming-4.20%
|
|||
|
Melco Resorts Finance Ltd. (Hong Kong),
6.50%, 09/24/2033(b)
|
|
100,000
|
99,854
|
|
Studio City Finance Ltd. (Macau), 5.00%,
01/15/2029(b)
|
|
200,000
|
193,934
|
|
Voyager Parent LLC, 9.25%, 07/01/2032(b)
|
|
37,000
|
39,325
|
|
|
|
|
333,113
|
|
Commercial & Residential Mortgage Finance-2.20%
|
|||
|
Nationstar Mortgage Holdings, Inc.
|
|
|
|
|
6.50% 08/01/2029(b)
|
|
30,000
|
30,371
|
|
7.13% 02/01/2032(b)
|
|
44,000
|
44,000
|
|
PennyMac Financial Services, Inc., 4.25%,
02/15/2029(b)
|
|
22,000
|
21,184
|
|
Rocket Cos., Inc., 6.13%, 08/01/2030(b)
|
|
39,000
|
39,952
|
|
Walker & Dunlop, Inc., 6.63%, 04/01/2033(b)
|
|
38,000
|
38,975
|
|
|
|
|
174,482
|
|
Construction & Engineering-1.00%
|
|||
|
AECOM, 6.00%, 08/01/2033(b)
|
|
39,000
|
39,979
|
|
Great Lakes Dredge & Dock Corp., 5.25%,
06/01/2029(b)
|
|
40,000
|
39,378
|
|
|
|
|
79,357
|
|
Consumer Finance-4.39%
|
|||
|
Bread Financial Holdings, Inc., 8.38%,
06/15/2035(b)(g)(h)
|
|
20,000
|
20,541
|
|
EZCORP, Inc., 7.38%, 04/01/2032(b)
|
|
109,000
|
116,387
|
|
FirstCash, Inc., 6.88%, 03/01/2032(b)
|
|
37,000
|
38,508
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
Navient Corp.
|
|
|
|
|
9.38% 07/25/2030
|
$
|
15,000
|
$16,163
|
|
7.88% 06/15/2032(g)
|
|
40,000
|
40,423
|
|
OneMain Finance Corp.
|
|
|
|
|
6.63% 05/15/2029
|
|
10,000
|
10,320
|
|
4.00% 09/15/2030(g)
|
|
23,000
|
21,638
|
|
7.13% 11/15/2031
|
|
35,000
|
36,293
|
|
6.75% 03/15/2032
|
|
22,000
|
22,513
|
|
7.13% 09/15/2032
|
|
25,000
|
25,921
|
|
|
|
|
348,707
|
|
Diversified Banks-0.50%
|
|||
|
Brundage-Bone Concrete Pumping Holdings,
Inc., 7.50%, 02/01/2032(b)(g)
|
|
39,000
|
39,281
|
|
Diversified Financial Services-5.48%
|
|||
|
Freedom Mortgage Holdings LLC, 8.38%,
04/01/2032(b)
|
|
20,000
|
20,936
|
|
GGAM Finance Ltd. (Ireland), 6.88%,
04/15/2029(b)
|
|
87,000
|
90,226
|
|
Global Aircraft Leasing Co. Ltd. (Cayman
Islands), 8.75%, 09/01/2027(b)
|
|
111,000
|
115,038
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
6.13% 11/01/2032(b)
|
|
44,000
|
44,839
|
|
6.75% 05/01/2033(b)
|
|
53,000
|
55,152
|
|
Osaic Holdings, Inc.
|
|
|
|
|
6.75% 08/01/2032(b)
|
|
21,000
|
21,778
|
|
Series JAN, 6.75% 08/01/2032(b)
|
|
16,000
|
16,583
|
|
Phoenix Aviation Capital Ltd. (Ireland), 9.25%,
07/15/2030(b)
|
|
11,000
|
11,537
|
|
Provident Funding Associates L.P./PFG Finance
Corp., 9.75%, 09/15/2029(b)
|
|
56,000
|
58,781
|
|
|
|
|
434,870
|
|
Diversified Real Estate Activities-0.51%
|
|||
|
Velocity Commercial Capital LLC, 9.38%,
02/15/2031(b)
|
|
40,000
|
40,650
|
|
Diversified REITs-0.73%
|
|||
|
Iron Mountain Information Management
Services, Inc., 5.00%, 07/15/2032(b)
|
|
54,000
|
51,696
|
|
Uniti Group L.P./Uniti Group Finance 2019,
Inc./CSL Capital LLC, 8.63%, 06/15/2032(b)
|
|
6,000
|
6,063
|
|
|
|
|
57,759
|
|
Diversified Support Services-0.97%
|
|||
|
RB Global Holdings, Inc. (Canada)
|
|
|
|
|
6.75% 03/15/2028(b)
|
|
60,000
|
61,190
|
|
7.75% 03/15/2031(b)
|
|
15,000
|
15,654
|
|
|
|
|
76,844
|
|
Electric Utilities-2.60%
|
|||
|
Brookfield Infrastructure Finance ULC (Canada),
6.75%, 03/15/2055(h)
|
|
58,000
|
58,564
|
|
California Buyer Ltd./Atlantica Sustainable
Infrastructure PLC (United Kingdom), 6.38%,
02/15/2032(b)
|
|
50,000
|
49,915
|
|
Hawaiian Electric Co., Inc., 6.00%,
10/01/2033(b)
|
|
59,000
|
59,925
|
|
Vistra Operations Co. LLC, 6.88%,
04/15/2032(b)
|
|
36,000
|
37,845
|
|
|
|
|
206,249
|
|
|
Principal
Amount
|
Value
|
|
|
Electrical Components & Equipment-0.80%
|
|||
|
EnerSys
|
|
|
|
|
4.38% 12/15/2027(b)
|
$
|
39,000
|
$38,747
|
|
6.63% 01/15/2032(b)
|
|
24,000
|
24,888
|
|
|
|
|
63,635
|
|
Electronic Components-0.58%
|
|||
|
Sensata Technologies, Inc., 3.75%,
02/15/2031(b)
|
|
49,000
|
46,001
|
|
Electronic Manufacturing Services-0.80%
|
|||
|
EMRLD Borrower L.P./Emerald Co-Issuer, Inc.,
6.63%, 12/15/2030(b)
|
|
61,000
|
63,216
|
|
Environmental & Facilities Services-0.75%
|
|||
|
GFL Environmental Holdings (US), Inc., 5.50%,
02/01/2034(b)
|
|
30,000
|
30,106
|
|
Wrangler Holdco Corp. (Canada), 6.63%,
04/01/2032(b)
|
|
28,000
|
29,155
|
|
|
|
|
59,261
|
|
Fertilizers & Agricultural Chemicals-0.11%
|
|||
|
FMC Corp., 3.45%, 10/01/2029
|
|
10,000
|
8,985
|
|
Gold-1.11%
|
|||
|
New Gold, Inc. (Canada), 6.88%,
04/01/2032(b)
|
|
83,000
|
88,235
|
|
Health Care Facilities-1.23%
|
|||
|
Acadia Healthcare Co., Inc., 7.38%,
03/15/2033(b)(g)
|
|
20,000
|
19,781
|
|
Tenet Healthcare Corp.
|
|
|
|
|
6.75% 05/15/2031
|
|
57,000
|
59,241
|
|
5.50% 11/15/2032(b)
|
|
15,000
|
15,161
|
|
6.00% 11/15/2033(b)(g)
|
|
3,000
|
3,088
|
|
|
|
|
97,271
|
|
Health Care REITs-0.74%
|
|||
|
Diversified Healthcare Trust, 7.25%,
10/15/2030(b)
|
|
50,000
|
51,560
|
|
MPT Operating Partnership L.P./MPT Finance
Corp., 8.50%, 02/15/2032(b)
|
|
7,000
|
7,504
|
|
|
|
|
59,064
|
|
Health Care Services-1.01%
|
|||
|
Community Health Systems, Inc.
|
|
|
|
|
5.25% 05/15/2030(b)
|
|
16,000
|
15,099
|
|
4.75% 02/15/2031(b)
|
|
29,000
|
26,036
|
|
DaVita, Inc.
|
|
|
|
|
6.88% 09/01/2032(b)(g)
|
|
18,000
|
18,553
|
|
6.75% 07/15/2033(b)
|
|
20,000
|
20,542
|
|
|
|
|
80,230
|
|
Hotel & Resort REITs-1.03%
|
|||
|
RHP Hotel Properties L.P./RHP Finance Corp.,
6.50%, 06/15/2033(b)
|
|
39,000
|
40,446
|
|
RLJ Lodging Trust L.P., 4.00%,
09/15/2029(b)(g)
|
|
43,000
|
40,940
|
|
|
|
|
81,386
|
|
Housewares & Specialties-0.76%
|
|||
|
Newell Brands, Inc.
|
|
|
|
|
6.63% 09/15/2029
|
|
19,000
|
19,036
|
|
6.38% 05/15/2030(g)
|
|
42,000
|
41,556
|
|
|
|
|
60,592
|
|
|
Principal
Amount
|
Value
|
|
|
Independent Power Producers & Energy Traders-2.46%
|
|||
|
Vistra Corp.
|
|
|
|
|
8.00% (b)(h)(i)
|
$
|
24,000
|
$24,458
|
|
Series C, 8.88% (b)(h)(i)
|
|
84,000
|
92,294
|
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
77,000
|
78,030
|
|
|
|
|
194,782
|
|
Industrial Machinery & Supplies & Components-2.59%
|
|||
|
Enpro, Inc., 6.13%, 06/01/2033(b)
|
|
78,000
|
80,400
|
|
ESAB Corp., 6.25%, 04/15/2029(b)
|
|
57,000
|
58,640
|
|
Lsf12 Helix Parent LLC, 7.13%, 02/01/2033(b)
|
|
7,000
|
7,038
|
|
Roller Bearing Co. of America, Inc., 4.38%,
10/15/2029(b)
|
|
60,000
|
59,160
|
|
|
|
|
205,238
|
|
Insurance Brokers-1.59%
|
|||
|
Alliant Holdings Intermediate LLC/Alliant
Holdings Co-Issuer, 7.00%, 01/15/2031(b)
|
|
66,000
|
68,468
|
|
HUB International Ltd., 7.25%, 06/15/2030(b)
|
|
55,000
|
57,415
|
|
|
|
|
125,883
|
|
Integrated Oil & Gas-0.24%
|
|||
|
Petroleos Mexicanos (Mexico), 6.63%,
06/15/2035
|
|
20,000
|
19,069
|
|
Integrated Telecommunication Services-5.92%
|
|||
|
Cipher Compute LLC, 7.13%, 11/15/2030(b)
|
|
39,000
|
40,235
|
|
Iliad Holding S.A.S. (France), 8.50%,
04/15/2031(b)
|
|
200,000
|
214,289
|
|
Level 3 Financing, Inc.
|
|
|
|
|
6.88% 06/30/2033(b)
|
|
39,000
|
40,211
|
|
7.00% 03/31/2034(b)
|
|
41,667
|
43,193
|
|
8.50% 01/15/2036(b)
|
|
15,000
|
15,371
|
|
Telecom Italia Capital S.A. (Italy), 6.38%,
11/15/2033
|
|
38,000
|
39,903
|
|
Uniti Services LLC, 7.50%, 10/15/2033(b)
|
|
36,000
|
37,186
|
|
WULF Compute LLC, 7.75%, 10/15/2030(b)
|
|
38,000
|
39,670
|
|
|
|
|
470,058
|
|
Interactive Media & Services-0.49%
|
|||
|
WarnerMedia Holdings, Inc.
|
|
|
|
|
4.28% 03/15/2032(g)
|
|
13,000
|
11,456
|
|
5.05% 03/15/2042
|
|
29,000
|
20,445
|
|
5.14% 03/15/2052
|
|
10,000
|
6,672
|
|
|
|
|
38,573
|
|
Internet Services & Infrastructure-1.23%
|
|||
|
Beignet Investor LLC, 6.58%, 05/30/2049(b)
|
|
37,000
|
38,551
|
|
CoreWeave, Inc.
|
|
|
|
|
9.25% 06/01/2030(b)(g)
|
|
8,000
|
7,886
|
|
9.00% 02/01/2031(b)(g)
|
|
12,000
|
11,682
|
|
Getty Images, Inc., 10.50%, 11/15/2030(b)
|
|
39,000
|
39,522
|
|
|
|
|
97,641
|
|
Leisure Facilities-1.00%
|
|||
|
Six Flags Entertainment Corp./Six Flags Theme
Parks, Inc./Canada’s Wonderland Co., 6.63%,
05/01/2032(b)
|
|
38,000
|
38,850
|
|
Vail Resorts, Inc., 5.63%, 07/15/2030(b)
|
|
40,000
|
40,644
|
|
|
|
|
79,494
|
|
Marine Transportation-1.11%
|
|||
|
Danaos Corp. (Greece), 6.88%, 10/15/2032(b)
|
|
27,000
|
27,905
|
|
Viking Cruises Ltd., 5.88%, 10/15/2033(b)
|
|
59,000
|
59,842
|
|
|
|
|
87,747
|
|
|
Principal
Amount
|
Value
|
|
|
Movies & Entertainment-0.58%
|
|||
|
Starz Capital Holdings 1, Inc., 6.00%,
04/15/2030(b)
|
$
|
49,000
|
$45,999
|
|
Multi-line Insurance-0.43%
|
|||
|
Acrisure LLC/Acrisure Finance, Inc., 7.50%,
11/06/2030(b)
|
|
33,000
|
34,183
|
|
Oil & Gas Drilling-1.03%
|
|||
|
Summit Midstream Holdings LLC, 8.63%,
10/31/2029(b)
|
|
38,000
|
39,723
|
|
Transocean International Ltd., 7.88%,
10/15/2032(b)
|
|
40,000
|
42,212
|
|
|
|
|
81,935
|
|
Oil & Gas Equipment & Services-0.99%
|
|||
|
Bristow Group, Inc., 6.75%, 02/01/2033(b)
|
|
39,000
|
39,475
|
|
Tidewater, Inc., 9.13%, 07/15/2030(b)
|
|
36,000
|
38,966
|
|
|
|
|
78,441
|
|
Oil & Gas Exploration & Production-1.79%
|
|||
|
Caturus Energy LLC, 8.50%, 02/15/2030(b)
|
|
56,000
|
58,426
|
|
Comstock Resources, Inc., 6.75%,
03/01/2029(b)
|
|
45,000
|
45,314
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.,
8.38%, 11/01/2033(b)
|
|
37,000
|
38,437
|
|
|
|
|
142,177
|
|
Oil & Gas Refining & Marketing-1.00%
|
|||
|
Sunoco L.P.
|
|
|
|
|
5.63% 03/15/2031(b)
|
|
5,000
|
5,033
|
|
6.25% 07/01/2033(b)
|
|
31,000
|
31,815
|
|
5.88% 03/15/2034(b)
|
|
30,000
|
30,094
|
|
7.88% (b)(h)(i)
|
|
12,000
|
12,368
|
|
|
|
|
79,310
|
|
Oil & Gas Storage & Transportation-6.05%
|
|||
|
Antero Midstream Partners L.P./Antero
Midstream Finance Corp.
|
|
|
|
|
6.63% 02/01/2032(b)
|
|
44,000
|
45,734
|
|
5.75% 07/01/2034(b)
|
|
33,000
|
33,351
|
|
Excelerate Energy L.P., 8.00%, 05/15/2030(b)
|
|
38,000
|
40,656
|
|
Genesis Energy L.P./Genesis Energy Finance
Corp.
|
|
|
|
|
7.88% 05/15/2032
|
|
20,000
|
20,882
|
|
8.00% 05/15/2033
|
|
37,000
|
38,633
|
|
Global Partners L.P./GLP Finance Corp., 7.13%,
07/01/2033(b)
|
|
40,000
|
41,000
|
|
Northriver Midstream Finance L.P. (Canada),
6.75%, 07/15/2032(b)
|
|
41,000
|
41,743
|
|
Prairie Acquiror L.P., 9.00%, 08/01/2029(b)
|
|
38,000
|
39,440
|
|
Venture Global LNG, Inc.
|
|
|
|
|
9.88% 02/01/2032(b)
|
|
56,000
|
59,244
|
|
9.00% (b)(h)(i)
|
|
46,000
|
40,496
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
6.13% 12/15/2030(b)
|
|
20,000
|
20,596
|
|
6.50% 01/15/2034(b)
|
|
13,000
|
13,498
|
|
6.75% 01/15/2036(b)
|
|
43,000
|
45,095
|
|
|
|
|
480,368
|
|
Other Specialized REITs-1.07%
|
|||
|
Iron Mountain, Inc.
|
|
|
|
|
4.50% 02/15/2031(b)
|
|
49,000
|
46,858
|
|
6.25% 01/15/2033(b)
|
|
38,000
|
38,423
|
|
|
|
|
85,281
|
|
|
Principal
Amount
|
Value
|
|
|
Other Specialty Retail-0.00%
|
|||
|
SGUS LLC, 11.00%, 12/15/2029(b)(c)
|
$
|
9,650
|
$314
|
|
Paper & Plastic Packaging Products & Materials-0.49%
|
|||
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
8.75% 04/15/2030(b)
|
|
20,000
|
20,031
|
|
6.75% 04/15/2032(b)
|
|
19,000
|
19,162
|
|
|
|
|
39,193
|
|
Passenger Airlines-2.30%
|
|||
|
American Airlines, Inc./AAdvantage Loyalty IP
Ltd., 5.75%, 04/20/2029(b)
|
|
58,000
|
58,631
|
|
CHC Group LLC, 11.75%, 09/01/2030(b)
|
|
29,000
|
27,903
|
|
United Airlines Holdings, Inc., 5.38%,
03/01/2031
|
|
95,000
|
96,062
|
|
|
|
|
182,596
|
|
Pharmaceuticals-2.05%
|
|||
|
1261229 BC Ltd., 10.00%, 04/15/2032(b)
|
|
30,000
|
30,818
|
|
Amneal Pharmaceuticals LLC, 6.88%,
08/01/2032(b)
|
|
45,000
|
47,440
|
|
Endo Finance Holdings, Inc., 8.50%,
04/15/2031(b)
|
|
42,000
|
44,493
|
|
Teva Pharmaceutical Finance Netherlands III
B.V. (Israel), 4.10%, 10/01/2046
|
|
52,000
|
39,821
|
|
|
|
|
162,572
|
|
Property & Casualty Insurance-0.74%
|
|||
|
Asurion LLC and Asurion Co-Issuer, Inc.
|
|
|
|
|
8.00% 12/31/2032(b)
|
|
40,000
|
41,818
|
|
8.38% 02/01/2034(b)
|
|
17,000
|
17,202
|
|
|
|
|
59,020
|
|
Real Estate Development-1.10%
|
|||
|
Cushman & Wakefield U.S. Borrower LLC,
8.88%, 09/01/2031(b)
|
|
42,000
|
44,786
|
|
Greystar Real Estate Partners LLC, 7.75%,
09/01/2030(b)
|
|
40,000
|
42,240
|
|
|
|
|
87,026
|
|
Research & Consulting Services-0.61%
|
|||
|
Clarivate Science Holdings Corp., 4.88%,
07/01/2029(b)
|
|
56,000
|
48,184
|
|
Security & Alarm Services-0.98%
|
|||
|
Brink’s Co. (The), 6.75%, 06/15/2032(b)
|
|
75,000
|
78,138
|
|
Semiconductors-0.54%
|
|||
|
AP Grange Holdings LLC, 6.50%,
03/20/2045(b)(j)
|
|
39,000
|
42,957
|
|
Specialized Consumer Services-0.83%
|
|||
|
Carriage Services, Inc., 4.25%, 05/15/2029(b)
|
|
68,000
|
65,528
|
|
Specialized Finance-1.23%
|
|||
|
HA Sustainable Infrastructure Capital, Inc.,
8.00%, 06/01/2056(h)
|
|
39,000
|
40,919
|
|
TrueNoord Capital DAC (Ireland), 8.75%,
03/01/2030(b)
|
|
54,000
|
56,991
|
|
|
|
|
97,910
|
|
Specialty Chemicals-0.49%
|
|||
|
Celanese US Holdings LLC
|
|
|
|
|
7.20% 11/15/2033
|
|
28,000
|
29,639
|
|
7.38% 02/15/2034(g)
|
|
9,000
|
9,164
|
|
|
|
|
38,803
|
|
|
Principal
Amount
|
Value
|
|
|
Steel-0.52%
|
|||
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
6.88% 11/01/2029(b)
|
$
|
7,000
|
$7,279
|
|
7.00% 03/15/2032(b)(g)
|
|
33,000
|
33,907
|
|
|
|
|
41,186
|
|
Trading Companies & Distributors-1.00%
|
|||
|
Air Lease Corp., Series B, 4.65%(h)(i)
|
|
40,000
|
39,946
|
|
Aircastle Ltd., 5.25%(b)(h)(i)
|
|
39,000
|
39,079
|
|
|
|
|
79,025
|
|
Wireless Telecommunication Services-1.20%
|
|||
|
Vodafone Group PLC (United Kingdom), 4.13%,
06/04/2081(h)
|
|
101,000
|
95,085
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $7,103,249)
|
7,273,711
|
||
|
Non-U.S. Dollar Denominated Bonds & Notes-4.41%
|
|||
|
Cable & Satellite-1.52%
|
|||
|
Sunrise FinCo I B.V. (Netherlands), 4.63%,
05/15/2032, (Acquired 05/21/2025;
Cost $113,410)(b)(k)
|
EUR
|
100,000
|
120,590
|
|
Marine Transportation-1.47%
|
|||
|
CMA CGM S.A. (France), 4.88%,
01/15/2032(b)
|
EUR
|
100,000
|
116,515
|
|
Wireless Telecommunication Services-1.42%
|
|||
|
VMED O2 UK Financing I PLC (United Kingdom),
3.25%, 01/31/2031(b)
|
EUR
|
100,000
|
112,823
|
|
Total Non-U.S. Dollar Denominated Bonds & Notes
(Cost $321,050)
|
349,928
|
||
|
|
Shares
|
|
|
|
Money Market Funds-1.37%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(l)(m)
(Cost $109,195)
|
|
109,195
|
109,195
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-97.45%
(Cost $7,533,494)
|
7,732,834
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-3.58%
|
|||
|
Invesco Private Government Fund,
3.65%(l)(m)(n)
|
|
78,925
|
78,925
|
|
Invesco Private Prime Fund, 3.80%(l)(m)(n)
|
|
204,983
|
205,044
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $283,969)
|
283,969
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.03%
(Cost $7,817,463)
|
8,016,803
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.03)%
|
(82,009
)
|
||
|
NET ASSETS-100.00%
|
$7,934,794
|
||
|
Investment Abbreviations:
|
|
|
Conv.
|
-Convertible
|
|
EUR
|
-Euro
|
|
PIK
|
-Pay-in-Kind
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $6,669,617, which represented 84.06% of the Fund’s Net Assets.
|
|
(c)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at January 31,
2026 was $426, which represented less than 1% of the Fund’s Net Assets.
|
|
(d)
|
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest
income in the form of securities.
|
|
(e)
|
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity
date reflects such call or put.
|
|
(f)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(g)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(h)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(i)
|
Perpetual bond with no specified maturity date.
|
|
(j)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(k)
|
Restricted security. The value of this security at January 31, 2026 represented 1.52% of the Fund’s Net Assets.
|
|
(l)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$50,248
|
$1,030,092
|
$(971,145
)
|
$-
|
$-
|
$109,195
|
$1,108
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
160,468
|
382,817
|
(464,360
)
|
-
|
-
|
78,925
|
1,171
*
|
|
Invesco Private Prime Fund
|
416,835
|
675,138
|
(886,929
)
|
4
|
(4
)
|
205,044
|
3,107
*
|
|
Total
|
$627,551
|
$2,088,047
|
$(2,322,434
)
|
$4
|
$(4
)
|
$393,164
|
$5,386
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(m)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(n)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts(a)
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Ultra Notes
|
3
|
March-2026
|
$(342,469
)
|
$371
|
$371
|
|
(a)
|
Futures contracts collateralized by $17,467 cash held with Bank of America, N.A.,
the futures commission merchant.
|
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
4/28/2026
|
Goldman Sachs International
|
EUR
|
370,000
|
USD
|
436,474
|
$(5,499
)
|
|
Abbreviations:
|
|
|
EUR
|
-Euro
|
|
USD
|
-U.S. Dollar
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-68.69%
|
|||
|
Advertising-0.44%
|
|||
|
Lamar Media Corp., 4.88%, 01/15/2029
|
$
|
514,000
|
$514,326
|
|
Aerospace & Defense-0.80%
|
|||
|
Boeing Co. (The)
|
|
|
|
|
6.26% 05/01/2027
|
|
9,000
|
9,232
|
|
6.30% 05/01/2029
|
|
10,000
|
10,625
|
|
L3Harris Technologies, Inc., 5.40%,
01/15/2027
|
|
10,000
|
10,140
|
|
Lockheed Martin Corp., 4.15%, 08/15/2028
|
|
10,000
|
10,083
|
|
RTX Corp.
|
|
|
|
|
5.00% 02/27/2026
|
|
9,000
|
9,002
|
|
5.75% 11/08/2026
|
|
16,000
|
16,205
|
|
TransDigm, Inc.
|
|
|
|
|
6.75% 08/15/2028(b)
|
|
12,000
|
12,217
|
|
6.38% 03/01/2029(b)
|
|
829,000
|
853,518
|
|
|
|
|
931,022
|
|
Agricultural & Farm Machinery-0.24%
|
|||
|
AGCO Corp., 5.45%, 03/21/2027
|
|
2,000
|
2,027
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
8,000
|
8,095
|
|
Deere Funding Canada Corp., 4.15%,
10/09/2030
|
|
241,000
|
240,720
|
|
John Deere Capital Corp., 4.38%,
10/15/2030
|
|
25,000
|
25,280
|
|
|
|
|
276,122
|
|
Agricultural Products & Services-0.26%
|
|||
|
Cargill, Inc., 4.13%, 10/23/2030(b)
|
|
300,000
|
298,564
|
|
Apparel Retail-0.33%
|
|||
|
Gap, Inc. (The), 3.63%, 10/01/2029(b)
|
|
404,000
|
384,649
|
|
Apparel, Accessories & Luxury Goods-0.01%
|
|||
|
Gildan Activewear, Inc. (Canada), 4.70%,
10/07/2030(b)
|
|
15,000
|
14,959
|
|
Application Software-0.61%
|
|||
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
4,000
|
4,024
|
|
4.50% 10/15/2029
|
|
10,000
|
10,104
|
|
4.45% 09/15/2030
|
|
3,350
|
3,359
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
694,000
|
693,805
|
|
|
|
|
711,292
|
|
Asset Management & Custody Banks-0.37%
|
|||
|
Ares Strategic Income Fund, 4.85%,
01/15/2029(b)
|
|
52,000
|
51,452
|
|
Bank of New York Mellon Corp. (The)
|
|
|
|
|
4.40% (SOFR + 0.68%), 06/09/2028(c)
|
|
16,000
|
16,052
|
|
4.44% 06/09/2028(d)
|
|
10,000
|
10,077
|
|
4.03% 01/22/2030(d)
|
|
311,000
|
310,760
|
|
Northern Trust Corp., 4.15%, 11/19/2030
|
|
37,000
|
37,028
|
|
|
|
|
425,369
|
|
Automobile Manufacturers-4.84%
|
|||
|
Allison Transmission, Inc., 4.75%,
10/01/2027(b)
|
|
781,000
|
781,367
|
|
American Honda Finance Corp., 4.15%,
01/08/2029
|
|
145,000
|
145,371
|
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.95% 01/13/2028(b)
|
|
35,000
|
35,561
|
|
4.15% 01/12/2029(b)
|
|
106,000
|
106,009
|
|
|
Principal
Amount
|
Value
|
|
|
Automobile Manufacturers-(continued)
|
|||
|
Ford Motor Credit Co. LLC
|
|
|
|
|
6.67% (SOFR + 2.95%), 03/06/2026(c)
|
$
|
1,300,000
|
$1,302,722
|
|
5.85% 05/17/2027
|
|
447,000
|
454,436
|
|
4.97% 04/06/2029(e)
|
|
351,000
|
352,929
|
|
Honda Motor Co. Ltd. (Japan)
|
|
|
|
|
4.44% 07/08/2028
|
|
42,000
|
42,411
|
|
4.69% 07/08/2030
|
|
478,000
|
483,408
|
|
Hyundai Capital America
|
|
|
|
|
5.50% 03/30/2026(b)
|
|
9,000
|
9,024
|
|
5.65% 06/26/2026(b)
|
|
11,000
|
11,075
|
|
5.30% 03/19/2027(b)
|
|
9,000
|
9,126
|
|
4.88% 06/23/2027(b)
|
|
23,000
|
23,254
|
|
5.00% 01/07/2028(b)
|
|
16,000
|
16,260
|
|
4.25% 09/18/2028(b)
|
|
11,000
|
11,017
|
|
4.25% 01/08/2029(b)
|
|
543,000
|
544,222
|
|
5.30% 01/08/2030(b)
|
|
8,000
|
8,249
|
|
4.50% 09/18/2030(b)
|
|
19,000
|
19,013
|
|
PACCAR Financial Corp.
|
|
|
|
|
Series R, 4.00% 11/07/2028
|
|
872,000
|
877,193
|
|
Series R, 3.90% 02/05/2029
|
|
349,000
|
349,424
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.55% 08/07/2026
|
|
8,000
|
8,032
|
|
4.55% 08/09/2029
|
|
8,000
|
8,141
|
|
|
|
|
5,598,244
|
|
Automotive Parts & Equipment-0.06%
|
|||
|
BMW US Capital LLC (Germany)
|
|
|
|
|
4.15% 08/11/2027(b)
|
|
17,000
|
17,065
|
|
4.52% (SOFR + 0.71%), 08/11/2027(b)(c)
|
|
40,000
|
40,127
|
|
Phinia, Inc., 6.75%, 04/15/2029(b)
|
|
13,000
|
13,455
|
|
|
|
|
70,647
|
|
Automotive Retail-0.25%
|
|||
|
Asbury Automotive Group, Inc., 4.50%,
03/01/2028
|
|
31,000
|
30,915
|
|
Group 1 Automotive, Inc., 4.00%,
08/15/2028(b)
|
|
212,000
|
207,429
|
|
Lithia Motors, Inc., 5.50%, 10/01/2030(b)
|
|
40,000
|
40,201
|
|
O’Reilly Automotive, Inc., 5.75%,
11/20/2026
|
|
9,000
|
9,114
|
|
|
|
|
287,659
|
|
Biotechnology-0.01%
|
|||
|
AbbVie, Inc., 4.80%, 03/15/2027
|
|
11,000
|
11,118
|
|
Broadline Retail-0.14%
|
|||
|
eBay, Inc., 4.25%, 03/06/2029
|
|
160,000
|
160,687
|
|
Building Products-0.27%
|
|||
|
CRH America Finance, Inc., 4.40%,
02/09/2031
|
|
314,000
|
314,291
|
|
Cable & Satellite-0.50%
|
|||
|
CCO Holdings LLC/CCO Holdings Capital Corp.,
5.50%, 05/01/2026(b)
|
|
80,000
|
80,041
|
|
Sirius XM Radio LLC, 5.00%, 08/01/2027(b)
|
|
500,000
|
499,413
|
|
|
|
|
579,454
|
|
Cargo Ground Transportation-0.74%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(b)
|
|
266,000
|
266,349
|
|
4.65% 03/15/2031(b)
|
|
179,700
|
179,643
|
|
|
Principal
Amount
|
Value
|
|
|
Cargo Ground Transportation-(continued)
|
|||
|
Penske Truck Leasing Co. L.P./PTL Finance
Corp.
|
|
|
|
|
5.75% 05/24/2026(b)
|
$
|
10,000
|
$10,039
|
|
5.35% 01/12/2027(b)
|
|
3,000
|
3,035
|
|
4.40% 07/01/2027(b)
|
|
11,000
|
11,041
|
|
6.05% 08/01/2028(b)
|
|
8,000
|
8,339
|
|
4.55% 01/15/2031(b)
|
|
64,000
|
63,890
|
|
Ryder System, Inc.
|
|
|
|
|
5.30% 03/15/2027
|
|
9,000
|
9,124
|
|
4.90% 12/01/2029
|
|
7,000
|
7,163
|
|
4.30% 12/01/2030
|
|
305,000
|
303,656
|
|
|
|
|
862,279
|
|
Casinos & Gaming-0.22%
|
|||
|
Melco Resorts Finance Ltd. (Hong Kong),
5.63%, 07/17/2027(b)
|
|
250,000
|
250,275
|
|
Commercial & Residential Mortgage Finance-0.55%
|
|||
|
Aviation Capital Group LLC, 4.25%,
04/30/2029(b)
|
|
28,000
|
27,906
|
|
Nationwide Building Society (United Kingdom),
4.35%, 09/30/2030(b)
|
|
200,000
|
199,763
|
|
Rocket Cos., Inc., 6.13%, 08/01/2030(b)
|
|
404,000
|
413,859
|
|
|
|
|
641,528
|
|
Computer & Electronics Retail-0.09%
|
|||
|
Dell International LLC/EMC Corp., 4.15%,
02/15/2029
|
|
108,000
|
107,987
|
|
Construction Machinery & Heavy Transportation Equipment-0.86%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
3.95% 11/14/2028
|
|
485,000
|
486,697
|
|
4.37% (SOFR + 0.58%), 11/14/2028(c)
|
|
485,000
|
487,260
|
|
Cummins, Inc., 4.25%, 05/09/2028
|
|
10,000
|
10,102
|
|
Westinghouse Air Brake Technologies Corp.,
4.90%, 05/29/2030
|
|
14,000
|
14,311
|
|
|
|
|
998,370
|
|
Construction Materials-0.02%
|
|||
|
JH North America Holdings, Inc., 5.88%,
01/31/2031(b)
|
|
19,000
|
19,336
|
|
Consumer Electronics-0.05%
|
|||
|
Tyco Electronics Group S.A. (Switzerland),
4.50%, 02/09/2031
|
|
60,000
|
60,574
|
|
Consumer Finance-0.67%
|
|||
|
American Express Co.
|
|
|
|
|
5.65% 04/23/2027(d)
|
|
10,000
|
10,037
|
|
4.73% 04/25/2029(d)
|
|
22,000
|
22,334
|
|
4.96% (SOFR + 1.26%), 04/25/2029(c)
|
|
19,000
|
19,247
|
|
4.35% 07/20/2029(d)
|
|
16,000
|
16,101
|
|
4.51% (SOFR + 0.81%), 07/20/2029(c)
|
|
19,000
|
19,070
|
|
Capital One Financial Corp., 7.15%,
10/29/2027(d)
|
|
8,000
|
8,173
|
|
General Motors Financial Co., Inc.
|
|
|
|
|
5.40% 04/06/2026
|
|
12,000
|
12,032
|
|
4.20% 10/27/2028
|
|
159,000
|
159,441
|
|
OneMain Finance Corp.
|
|
|
|
|
3.50% 01/15/2027
|
|
500,000
|
494,035
|
|
6.50% 03/15/2033
|
|
17,500
|
17,604
|
|
Synchrony Financial, 5.02%, 07/29/2029(d)
|
|
2,000
|
2,024
|
|
|
|
|
780,098
|
|
Data Center REITs-0.50%
|
|||
|
QTS, 5.69% (SOFR + 2.00%), 12/10/2030(c)
|
|
575,000
|
575,579
|
|
|
Principal
Amount
|
Value
|
|
|
Distributors-0.14%
|
|||
|
Genuine Parts Co., 6.50%, 11/01/2028
|
$
|
156,000
|
$164,893
|
|
Diversified Banks-11.34%
|
|||
|
ANZ New Zealand (Int’l) Ltd. (New Zealand),
4.00%, 01/22/2029(b)
|
|
235,000
|
235,249
|
|
ASB Bank Ltd. (New Zealand), 4.16%,
10/29/2030(b)
|
|
700,000
|
697,960
|
|
Australia and New Zealand Banking Group Ltd.
(Australia), Series A, 3.92%, 12/08/2028
|
|
473,000
|
474,779
|
|
Banco Santander S.A. (Spain), 5.08%,
11/06/2030
|
|
400,000
|
400,515
|
|
Bank of America Corp.
|
|
|
|
|
4.62% 05/09/2029(d)
|
|
10,000
|
10,135
|
|
4.91% (SOFR + 1.11%), 05/09/2029(c)
|
|
22,000
|
22,208
|
|
5.82% 09/15/2029(d)
|
|
244,000
|
254,505
|
|
Series RR, 4.38% (d)(f)
|
|
259,000
|
257,816
|
|
Bank of America N.A., 5.53%, 08/18/2026
|
|
68,000
|
68,536
|
|
Bank of Nova Scotia (The) (Canada), 4.25%,
02/02/2030(d)
|
|
500,000
|
501,014
|
|
Canadian Imperial Bank of Commerce
(Canada), 4.28%, 01/29/2030(d)
|
|
451,000
|
452,226
|
|
Citigroup, Inc.
|
|
|
|
|
4.64% 05/07/2028(d)
|
|
34,000
|
34,265
|
|
4.95% (SOFR + 1.14%), 05/07/2028(c)
|
|
18,000
|
18,120
|
|
4.79% 03/04/2029(d)
|
|
35,000
|
35,510
|
|
4.54% 09/19/2030(d)
|
|
14,000
|
14,119
|
|
5.27% (SOFR + 1.46%), 05/07/2031(c)
|
|
20,000
|
20,399
|
|
4.88% (SOFR + 1.17%), 09/11/2031(c)
|
|
47,000
|
47,688
|
|
Series T, 6.25% (d)(f)
|
|
595,000
|
598,819
|
|
Cooperatieve Rabobank U.A. (Netherlands),
3.96%, 10/17/2028
|
|
250,000
|
251,074
|
|
Fifth Third Bancorp
|
|
|
|
|
6.34% 07/27/2029(d)
|
|
4,000
|
4,207
|
|
4.57% 04/29/2032(d)
|
|
1,000
|
999
|
|
Goldman Sachs Bank USA, 5.28%,
03/18/2027(d)
|
|
35,000
|
35,054
|
|
JPMorgan Chase & Co.
|
|
|
|
|
6.07% 10/22/2027(d)
|
|
11,000
|
11,172
|
|
5.04% 01/23/2028(d)
|
|
9,000
|
9,093
|
|
5.57% 04/22/2028(d)
|
|
10,000
|
10,190
|
|
4.98% 07/22/2028(d)
|
|
405,000
|
410,893
|
|
4.51% 10/22/2028(d)
|
|
17,000
|
17,163
|
|
6.09% 10/23/2029(d)
|
|
9,000
|
9,462
|
|
4.26% 10/22/2031(d)
|
|
218,000
|
216,959
|
|
Series CC, 6.51% (3 mo. Term SOFR +
2.84%)(c)(e)(f)
|
|
54,000
|
54,536
|
|
Series II, 6.41% (3 mo. Term SOFR +
2.75%)(c)(f)
|
|
174,000
|
174,706
|
|
Lloyds Banking Group PLC (United Kingdom),
4.43%, 11/04/2031(d)
|
|
212,000
|
211,387
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
3.92% 02/03/2028(b)
|
|
150,000
|
150,312
|
|
4.19% (SOFR + 0.48%), 02/03/2028(b)(c)
|
|
133,000
|
133,115
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.20% 11/17/2028(d)
|
|
690,000
|
692,053
|
|
4.21% 02/08/2030(d)
|
|
250,000
|
250,130
|
|
National Australia Bank Ltd. (Australia),
4.22% (SOFR + 0.53%), 12/13/2028(b)(c)
|
|
250,000
|
250,253
|
|
Pinnacle Bank, 5.96%, 01/15/2036(d)
|
|
66,000
|
66,536
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
|
6.62% 10/20/2027(d)
|
$
|
9,000
|
$9,167
|
|
4.08% 01/26/2029(d)
|
|
163,000
|
163,268
|
|
4.32% (SOFR + 0.62%), 01/26/2029(c)
|
|
122,000
|
122,218
|
|
Series U, 6.00% (d)(f)
|
|
88,000
|
88,618
|
|
Royal Bank of Canada (Canada)
|
|
|
|
|
4.00% 11/03/2028(d)
|
|
610,000
|
610,471
|
|
4.31% 11/03/2031(d)(e)
|
|
610,000
|
607,902
|
|
Santander UK Group Holdings PLC (United
Kingdom), 4.32%, 09/22/2029(d)
|
|
200,000
|
200,415
|
|
Standard Chartered PLC (United Kingdom),
4.62% (SOFR + 0.92%), 01/13/2030(b)(c)
|
|
499,000
|
500,061
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
|
|
|
4.11% 10/13/2028
|
|
435,000
|
435,977
|
|
4.81% 06/03/2030
|
|
113,000
|
115,343
|
|
Truist Bank
|
|
|
|
|
4.36% (SOFR + 0.66%), 01/27/2029(c)
|
|
500,000
|
499,857
|
|
4.14% 10/23/2029(d)
|
|
540,000
|
539,759
|
|
Series I, 4.14% 01/27/2029(d)
|
|
380,000
|
380,524
|
|
U.S. Bancorp, 6.79%, 10/26/2027(d)
|
|
408,000
|
416,490
|
|
UBS AG (Switzerland), 4.29% (SOFR +
0.50%), 05/17/2027(c)
|
|
430,000
|
430,627
|
|
Wells Fargo & Co.
|
|
|
|
|
5.71% 04/22/2028(d)
|
|
9,000
|
9,182
|
|
4.97% 04/23/2029(d)
|
|
18,000
|
18,345
|
|
5.07% (SOFR + 1.37%), 04/23/2029(c)
|
|
11,000
|
11,186
|
|
5.57% 07/25/2029(d)
|
|
11,000
|
11,383
|
|
6.30% 10/23/2029(d)
|
|
11,000
|
11,619
|
|
4.18% 01/23/2030(d)
|
|
54,000
|
54,053
|
|
7.63% (d)(e)(f)
|
|
11,000
|
11,722
|
|
Wells Fargo Bank N.A., 5.45%, 08/07/2026
|
|
28,000
|
28,198
|
|
Westpac Banking Corp. (Australia), 4.52%
(SOFR + 0.82%), 07/01/2030(c)
|
|
11,000
|
11,114
|
|
Westpac New Zealand Ltd. (New Zealand)
|
|
|
|
|
4.13% 01/29/2029(b)
|
|
211,000
|
211,674
|
|
4.46% (SOFR + 0.75%), 01/30/2031(b)(c)
|
|
520,000
|
521,347
|
|
|
|
|
13,123,677
|
|
Diversified Capital Markets-0.43%
|
|||
|
UBS Group AG (Switzerland)
|
|
|
|
|
4.15% 12/23/2029(b)(d)
|
|
200,000
|
199,804
|
|
4.54% (SOFR + 0.84%), 12/23/2029(b)(c)
|
|
300,000
|
300,319
|
|
|
|
|
500,123
|
|
Diversified Financial Services-1.52%
|
|||
|
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust (Ireland)
|
|
|
|
|
6.10% 01/15/2027
|
|
150,000
|
152,874
|
|
4.38% 11/15/2030
|
|
154,000
|
153,352
|
|
Atlas Warehouse Lending Co. L.P., 4.63%,
11/15/2028(b)
|
|
87,300
|
87,710
|
|
Avolon Holdings Funding Ltd. (Ireland),
4.70%, 01/30/2031(b)
|
|
407,000
|
404,921
|
|
Blackstone Reg Finance Co. L.L.C., 4.30%,
11/03/2030
|
|
143,000
|
142,489
|
|
Eagle Funding LuxCo S.a.r.l. (Mexico), 5.50%,
08/17/2030(b)
|
|
700,000
|
711,949
|
|
LPL Holdings, Inc.
|
|
|
|
|
5.70% 05/20/2027
|
|
9,000
|
9,170
|
|
6.75% 11/17/2028
|
|
8,000
|
8,512
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-(continued)
|
|||
|
Macquarie Airfinance Holdings Ltd. (United
Kingdom), 5.15%, 03/17/2030(b)
|
$
|
10,000
|
$10,135
|
|
Voya Global Funding, 4.60%, 11/24/2030(b)
|
|
79,000
|
79,508
|
|
|
|
|
1,760,620
|
|
Diversified Metals & Mining-0.04%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
5.25%, 09/08/2026
|
|
16,000
|
16,140
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.91% 04/01/2028(b)
|
|
4,000
|
4,073
|
|
5.37% 04/04/2029(b)
|
|
10,000
|
10,348
|
|
Rio Tinto Finance (USA) PLC (Australia)
|
|
|
|
|
4.38% 03/12/2027
|
|
10,000
|
10,073
|
|
4.50% 03/14/2028
|
|
6,000
|
6,075
|
|
|
|
|
46,709
|
|
Diversified REITs-0.46%
|
|||
|
VICI Properties L.P., 4.75%, 02/15/2028
|
|
524,000
|
529,407
|
|
Diversified Support Services-0.05%
|
|||
|
Element Fleet Management Corp. (Canada),
5.04%, 03/25/2030(b)
|
|
41,000
|
41,906
|
|
RB Global Holdings, Inc. (Canada), 6.75%,
03/15/2028(b)
|
|
12,000
|
12,238
|
|
|
|
|
54,144
|
|
Electric Utilities-4.19%
|
|||
|
Alabama Power Co., Series C, 4.30%,
03/15/2031
|
|
33,500
|
33,543
|
|
American Electric Power Co., Inc., Series C,
5.80%, 03/15/2056(d)
|
|
286,000
|
286,118
|
|
Constellation Energy Generation LLC, 3.90%,
01/08/2028
|
|
350,000
|
349,710
|
|
Duke Energy Corp.
|
|
|
|
|
4.85% 01/05/2027
|
|
11,000
|
11,106
|
|
4.85% 01/05/2029
|
|
4,000
|
4,086
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
233,000
|
232,581
|
|
Entergy Corp., 5.88%, 06/15/2056(d)
|
|
519,000
|
519,692
|
|
Exelon Corp.
|
|
|
|
|
5.15% 03/15/2029
|
|
8,000
|
8,234
|
|
5.13% 03/15/2031
|
|
11,000
|
11,375
|
|
FirstEnergy Transmission LLC, 4.55%,
01/15/2030
|
|
559,000
|
562,454
|
|
Georgia Power Co., 4.00%, 10/01/2028
|
|
77,000
|
77,265
|
|
Jersey Central Power & Light Co., 4.15%,
01/15/2029(b)
|
|
39,000
|
39,007
|
|
National Rural Utilities Cooperative Finance
Corp.
|
|
|
|
|
5.60% 11/13/2026
|
|
10,000
|
10,125
|
|
4.51% (SOFR + 0.80%), 02/05/2027(c)
|
|
39,000
|
39,181
|
|
4.12% 09/16/2027
|
|
16,000
|
16,070
|
|
3.95% 12/10/2027
|
|
512,000
|
513,280
|
|
4.85% 02/07/2029
|
|
9,000
|
9,214
|
|
Series D, 4.15% 08/25/2028
|
|
32,000
|
32,163
|
|
NextEra Energy Capital Holdings, Inc., 4.69%,
09/01/2027
|
|
393,000
|
397,614
|
|
Niagara Mohawk Power Corp., 4.65%,
10/03/2030(b)
|
|
38,000
|
38,275
|
|
NRG Energy, Inc., 4.73%, 10/15/2030(b)
|
|
77,000
|
77,032
|
|
Oncor Electric Delivery Co. LLC, 4.65%,
11/01/2029
|
|
163,000
|
165,919
|
|
PacifiCorp, 5.10%, 02/15/2029
|
|
8,000
|
8,189
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
PPL Capital Funding, Inc., Conv., 3.00%,
12/01/2030(b)
|
$
|
103,000
|
$104,357
|
|
Vistra Operations Co. LLC
|
|
|
|
|
5.05% 12/30/2026(b)
|
|
443,000
|
447,214
|
|
5.63% 02/15/2027(b)
|
|
25,000
|
25,030
|
|
4.30% 10/15/2028(b)
|
|
139,000
|
139,078
|
|
4.60% 10/15/2030(b)
|
|
61,000
|
60,839
|
|
4.70% 01/31/2031(b)
|
|
217,000
|
216,798
|
|
Wisconsin Electric Power Co.
|
|
|
|
|
3.95% 03/01/2029
|
|
261,000
|
260,858
|
|
4.15% 10/15/2030
|
|
147,000
|
146,566
|
|
Xcel Energy, Inc., 4.75%, 03/21/2028
|
|
3,000
|
3,044
|
|
|
|
|
4,846,017
|
|
Electrical Components & Equipment-1.72%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
755,000
|
750,106
|
|
Regal Rexnord Corp., 6.05%, 02/15/2026
|
|
477,000
|
477,136
|
|
Vertiv Group Corp., 4.13%, 11/15/2028(b)
|
|
781,000
|
769,617
|
|
|
|
|
1,996,859
|
|
Electronic Components-1.72%
|
|||
|
Amphenol Corp.
|
|
|
|
|
3.80% 11/15/2027
|
|
257,000
|
256,941
|
|
4.34% (SOFR + 0.53%), 11/15/2027(c)
|
|
872,000
|
874,361
|
|
3.90% 11/15/2028
|
|
571,000
|
570,976
|
|
4.13% 11/15/2030
|
|
296,000
|
294,247
|
|
|
|
|
1,996,525
|
|
Electronic Equipment & Instruments-0.14%
|
|||
|
Keysight Technologies, Inc., 5.35%,
07/30/2030
|
|
158,000
|
164,396
|
|
Electronic Manufacturing Services-0.15%
|
|||
|
Jabil, Inc., 4.20%, 02/01/2029
|
|
169,000
|
168,961
|
|
Environmental & Facilities Services-0.43%
|
|||
|
Veralto Corp.
|
|
|
|
|
5.50% 09/18/2026
|
|
480,000
|
484,402
|
|
5.35% 09/18/2028
|
|
9,000
|
9,289
|
|
|
|
|
493,691
|
|
Fertilizers & Agricultural Chemicals-0.84%
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
|
483,000
|
484,629
|
|
4.60% 11/15/2030
|
|
490,000
|
491,537
|
|
|
|
|
976,166
|
|
Financial Exchanges & Data-0.78%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
539,000
|
539,423
|
|
4.20% 03/15/2031
|
|
362,000
|
361,419
|
|
|
|
|
900,842
|
|
Gold-0.17%
|
|||
|
Fortitude Global Funding, 4.63%,
10/06/2028(b)
|
|
199,000
|
199,456
|
|
Health Care Distributors-0.03%
|
|||
|
Cardinal Health, Inc., 4.50%, 09/15/2030
|
|
2,600
|
2,621
|
|
McKesson Corp., 4.65%, 05/30/2030
|
|
36,000
|
36,592
|
|
|
|
|
39,213
|
|
Health Care Equipment-0.41%
|
|||
|
GE HealthCare Technologies, Inc.
|
|
|
|
|
4.15% 12/15/2028
|
|
262,000
|
262,858
|
|
4.80% 01/15/2031
|
|
165,000
|
167,571
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Equipment-(continued)
|
|||
|
Smith & Nephew PLC (United Kingdom),
5.15%, 03/20/2027
|
$
|
7,000
|
$7,084
|
|
Stryker Corp.
|
|
|
|
|
4.55% 02/10/2027
|
|
18,000
|
18,139
|
|
4.70% 02/10/2028
|
|
23,000
|
23,365
|
|
|
|
|
479,017
|
|
Health Care Facilities-0.26%
|
|||
|
Ascension Health, Series 2025, 4.08%,
11/15/2028
|
|
301,000
|
302,544
|
|
Health Care REITs-0.01%
|
|||
|
Omega Healthcare Investors, Inc., 5.20%,
07/01/2030
|
|
10,000
|
10,172
|
|
Health Care Services-0.70%
|
|||
|
Cigna Group (The), 4.50%, 09/15/2030
|
|
17,400
|
17,521
|
|
CommonSpirit Health, 4.35%, 09/01/2030
|
|
104,000
|
103,463
|
|
CVS Health Corp., 7.00%, 03/10/2055(d)
|
|
21,000
|
21,989
|
|
HCA, Inc.
|
|
|
|
|
5.00% 03/01/2028
|
|
537,000
|
547,217
|
|
4.30% 11/15/2030
|
|
126,000
|
125,356
|
|
|
|
|
815,546
|
|
Health Care Supplies-0.87%
|
|||
|
Medline Borrower L.P., 3.88%,
04/01/2029(b)
|
|
1,000,000
|
978,505
|
|
Solventum Corp.
|
|
|
|
|
5.45% 02/25/2027
|
|
11,000
|
11,160
|
|
5.40% 03/01/2029
|
|
17,000
|
17,623
|
|
|
|
|
1,007,288
|
|
Home Improvement Retail-0.16%
|
|||
|
Lowe`s Cos., Inc.
|
|
|
|
|
3.95% 10/15/2027
|
|
88,000
|
88,250
|
|
4.00% 10/15/2028
|
|
93,000
|
93,130
|
|
|
|
|
181,380
|
|
Hotel & Resort REITs-0.16%
|
|||
|
Host Hotels & Resorts L.P., 4.25%,
12/15/2028
|
|
180,000
|
180,430
|
|
Hotels, Resorts & Cruise Lines-1.40%
|
|||
|
Carnival Corp.
|
|
|
|
|
5.13% 05/01/2029(b)
|
|
338,000
|
342,120
|
|
5.75% 03/15/2030(b)
|
|
22,000
|
22,665
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
|
5.88% 04/01/2029(b)
|
|
215,000
|
220,084
|
|
3.75% 05/01/2029(b)
|
|
200,000
|
194,776
|
|
Marriott International, Inc.
|
|
|
|
|
4.20% 07/15/2027
|
|
16,000
|
16,059
|
|
4.88% 05/15/2029
|
|
4,000
|
4,093
|
|
4.80% 03/15/2030
|
|
8,000
|
8,171
|
|
Royal Caribbean Cruises Ltd., 5.50%,
04/01/2028(b)
|
|
793,000
|
809,464
|
|
|
|
|
1,617,432
|
|
Housewares & Specialties-0.00%
|
|||
|
Newell Brands, Inc., 6.38%, 05/15/2030(e)
|
|
5,000
|
4,947
|
|
Independent Power Producers & Energy Traders-0.88%
|
|||
|
Clearway Energy Operating LLC, 4.75%,
03/15/2028(b)
|
|
11,000
|
10,998
|
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
1,000,000
|
1,013,376
|
|
|
|
|
1,024,374
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Machinery & Supplies & Components-0.92%
|
|||
|
ESAB Corp., 6.25%, 04/15/2029(b)
|
$
|
514,000
|
$528,794
|
|
Ingersoll Rand, Inc., 5.20%, 06/15/2027
|
|
164,000
|
166,609
|
|
Nordson Corp., 5.60%, 09/15/2028
|
|
163,000
|
168,708
|
|
Roller Bearing Co. of America, Inc., 4.38%,
10/15/2029(b)
|
|
200,000
|
197,199
|
|
|
|
|
1,061,310
|
|
Industrial REITs-0.04%
|
|||
|
LXP Industrial Trust, 6.75%, 11/15/2028
|
|
42,000
|
44,448
|
|
Insurance Brokers-0.01%
|
|||
|
Arthur J. Gallagher & Co., 4.60%,
12/15/2027
|
|
11,000
|
11,129
|
|
Integrated Oil & Gas-0.35%
|
|||
|
Saudi Arabian Oil Co. (Saudi Arabia), 4.00%,
02/02/2029(b)
|
|
405,000
|
402,727
|
|
Integrated Telecommunication Services-0.94%
|
|||
|
Cipher Compute LLC, 7.13%, 11/15/2030(b)
|
|
296,000
|
305,372
|
|
Orange S.A. (France), 4.00%, 01/13/2029(b)
|
|
235,000
|
235,158
|
|
WULF Compute LLC, 7.75%, 10/15/2030(b)
|
|
523,000
|
545,986
|
|
|
|
|
1,086,516
|
|
Interactive Home Entertainment-1.08%
|
|||
|
Roblox Corp., 3.88%, 05/01/2030(b)
|
|
1,300,000
|
1,244,419
|
|
Interactive Media & Services-0.68%
|
|||
|
Alphabet, Inc., 3.88%, 11/15/2028
|
|
170,000
|
170,812
|
|
Match Group Holdings II LLC, 5.00%,
12/15/2027(b)
|
|
13,000
|
13,040
|
|
Meta Platforms, Inc., 4.20%, 11/15/2030
|
|
296,000
|
295,557
|
|
WarnerMedia Holdings, Inc., 4.05%,
03/15/2029
|
|
323,000
|
313,510
|
|
|
|
|
792,919
|
|
Internet Services & Infrastructure-0.11%
|
|||
|
CoreWeave, Inc., 9.25%, 06/01/2030(b)(e)
|
|
132,000
|
130,116
|
|
Investment Banking & Brokerage-2.78%
|
|||
|
Charles Schwab Corp. (The)
|
|
|
|
|
5.88% 08/24/2026
|
|
28,000
|
28,284
|
|
4.34% 11/14/2031(d)
|
|
184,000
|
183,921
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.94% 04/23/2028(d)
|
|
28,000
|
28,307
|
|
4.99% (SOFR + 1.29%), 04/23/2028(c)
|
|
29,000
|
29,251
|
|
4.15% 01/21/2029(d)
|
|
373,000
|
373,348
|
|
4.15% 10/21/2029(d)
|
|
721,000
|
720,701
|
|
4.37% 10/21/2031(d)
|
|
235,400
|
234,110
|
|
Series O, 5.30% (d)(e)(f)
|
|
331,000
|
331,824
|
|
Morgan Stanley
|
|
|
|
|
5.65% 04/13/2028(d)
|
|
9,000
|
9,171
|
|
5.45% 07/20/2029(d)
|
|
8,000
|
8,248
|
|
4.24% 01/09/2030(d)
|
|
334,000
|
334,678
|
|
Series I, 4.13% 10/18/2029(d)
|
|
610,000
|
609,648
|
|
Series I, 4.36% 10/22/2031(d)
|
|
332,300
|
330,545
|
|
|
|
|
3,222,036
|
|
IT Consulting & Other Services-0.15%
|
|||
|
International Business Machines Corp., 4.00%,
02/03/2029
|
|
173,000
|
173,175
|
|
Leisure Facilities-0.37%
|
|||
|
Vail Resorts, Inc., 5.63%, 07/15/2030(b)
|
|
416,000
|
422,698
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-1.24%
|
|||
|
Athene Global Funding
|
|
|
|
|
5.62% 05/08/2026(b)
|
$
|
19,000
|
$19,076
|
|
4.86% 08/27/2026(b)
|
|
249,000
|
250,211
|
|
5.52% 03/25/2027(b)
|
|
9,000
|
9,136
|
|
Constellation Global Funding, 4.85%,
10/22/2030(b)
|
|
174,000
|
172,657
|
|
Corebridge Global Funding
|
|
|
|
|
5.00% (SOFR + 1.30%), 09/25/2026(b)(c)
|
|
11,000
|
11,073
|
|
4.65% 08/20/2027(b)
|
|
10,000
|
10,110
|
|
5.90% 09/19/2028(b)
|
|
9,000
|
9,401
|
|
4.56% (SOFR + 0.86%), 12/15/2028(b)(c)
|
|
416,000
|
417,981
|
|
5.20% 06/24/2029(b)
|
|
8,000
|
8,227
|
|
Equitable America Global Funding, 3.95%,
09/15/2027(b)
|
|
21,000
|
20,977
|
|
Lincoln Financial Global Funding, 4.63%,
05/28/2028(b)
|
|
26,000
|
26,276
|
|
New York Life Global Funding
|
|
|
|
|
4.15% 07/25/2028(b)
|
|
41,000
|
41,235
|
|
4.36% (SOFR + 0.66%), 07/25/2028(b)(c)
|
|
41,000
|
41,211
|
|
Pacific Life Global Funding II
|
|
|
|
|
5.50% 08/28/2026(b)
|
|
18,000
|
18,173
|
|
4.50% 08/28/2029(b)
|
|
20,000
|
20,239
|
|
Protective Life Corp., 4.70%, 01/15/2031(b)
|
|
65,700
|
65,973
|
|
Protective Life Global Funding, 4.16%,
01/15/2029(b)
|
|
298,000
|
298,108
|
|
|
|
|
1,440,064
|
|
Managed Health Care-0.00%
|
|||
|
UnitedHealth Group, Inc., 4.75%,
07/15/2026
|
|
3,000
|
3,011
|
|
Marine Transportation-0.19%
|
|||
|
NCL Corp. Ltd., 5.88%, 01/15/2031(b)
|
|
216,000
|
216,694
|
|
Multi-Family Residential REITs-0.03%
|
|||
|
Camden Property Trust, 5.85%, 11/03/2026
|
|
31,000
|
31,400
|
|
Multi-Utilities-0.33%
|
|||
|
Algonquin Power & Utilities Corp. (Canada),
5.37%, 06/15/2026
|
|
239,000
|
240,093
|
|
CenterPoint Energy, Inc., 5.95%,
04/01/2056(d)
|
|
56,000
|
56,449
|
|
Dominion Energy, Inc., 6.00%, 02/15/2056(d)
|
|
77,000
|
77,861
|
|
DTE Energy Co., 4.95%, 07/01/2027
|
|
7,000
|
7,090
|
|
|
|
|
381,493
|
|
Office REITs-0.01%
|
|||
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
12,000
|
11,981
|
|
Oil & Gas Exploration & Production-0.59%
|
|||
|
Diamondback Energy, Inc.
|
|
|
|
|
5.20% 04/18/2027
|
|
8,000
|
8,113
|
|
5.15% 01/30/2030
|
|
18,000
|
18,514
|
|
EOG Resources, Inc., 4.40%, 07/15/2028
|
|
10,000
|
10,121
|
|
EQT Corp., 6.50%, 07/01/2027
|
|
413,000
|
421,900
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.,
5.75%, 02/01/2029(b)
|
|
14,000
|
14,011
|
|
Transocean Titan Financing Ltd., 8.38%,
02/01/2028(b)
|
|
202,381
|
207,100
|
|
|
|
|
679,759
|
|
Oil & Gas Storage & Transportation-2.74%
|
|||
|
Cheniere Energy Partners L.P., 4.50%,
10/01/2029
|
|
524,000
|
526,211
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Columbia Pipelines Holding Co. LLC, 6.06%,
08/15/2026(b)
|
$
|
5,000
|
$5,042
|
|
Energy Transfer L.P.
|
|
|
|
|
6.05% 12/01/2026
|
|
421,000
|
427,750
|
|
4.55% 01/15/2031
|
|
372,000
|
371,725
|
|
Series H, 6.50% (d)(f)
|
|
175,000
|
175,908
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
369,000
|
372,265
|
|
4.60% 01/15/2031
|
|
354,800
|
359,400
|
|
Kinder Morgan, Inc., 5.10%, 08/01/2029
|
|
163,000
|
168,065
|
|
MPLX L.P., 4.80%, 02/15/2031
|
|
11,000
|
11,123
|
|
ONEOK, Inc., 5.55%, 11/01/2026
|
|
6,000
|
6,063
|
|
Plains All American Pipeline L.P., Series B,
8.22% (3 mo. Term SOFR + 4.37%)(c)(f)
|
|
399,000
|
398,488
|
|
South Bow USA Infrastructure Holdings LLC
(Canada)
|
|
|
|
|
4.91% 09/01/2027
|
|
16,000
|
16,176
|
|
5.03% 10/01/2029
|
|
10,000
|
10,156
|
|
Southern Co. Gas Capital Corp., Series A,
4.05%, 09/15/2028
|
|
13,000
|
13,015
|
|
Western Midstream Operating L.P., 4.80%,
03/01/2031
|
|
295,000
|
295,208
|
|
Williams Cos., Inc. (The), 4.80%, 11/15/2029
|
|
15,000
|
15,316
|
|
|
|
|
3,171,911
|
|
Other Specialized REITs-0.52%
|
|||
|
Iron Mountain, Inc., 4.88%, 09/15/2027(b)
|
|
600,000
|
599,941
|
|
Packaged Foods & Meats-0.07%
|
|||
|
Campbell’s Co. (The), 5.30%, 03/20/2026
|
|
8,000
|
8,013
|
|
Mars, Inc.
|
|
|
|
|
4.45% 03/01/2027(b)
|
|
27,000
|
27,203
|
|
4.60% 03/01/2028(b)
|
|
31,000
|
31,419
|
|
4.80% 03/01/2030(b)
|
|
11,000
|
11,242
|
|
|
|
|
77,877
|
|
Paper & Plastic Packaging Products & Materials-0.19%
|
|||
|
Sealed Air Corp.
|
|
|
|
|
6.13% 02/01/2028(b)
|
|
16,000
|
16,248
|
|
5.00% 04/15/2029(b)
|
|
200,000
|
201,430
|
|
|
|
|
217,678
|
|
Passenger Airlines-1.38%
|
|||
|
American Airlines Pass-Through Trust,
Series B, 5.65%, 11/11/2034
|
|
269,000
|
270,908
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
415,000
|
422,231
|
|
5.25% 07/10/2030
|
|
25,000
|
25,610
|
|
Southwest Airlines Co., 4.38%, 11/15/2028
|
|
872,000
|
876,941
|
|
|
|
|
1,595,690
|
|
Passenger Ground Transportation-0.47%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.50% 08/15/2029(b)
|
|
524,000
|
522,836
|
|
4.15% 01/15/2031
|
|
20,400
|
20,229
|
|
|
|
|
543,065
|
|
Pharmaceuticals-2.38%
|
|||
|
AstraZeneca Finance LLC (United Kingdom)
|
|
|
|
|
4.80% 02/26/2027
|
|
10,000
|
10,099
|
|
4.85% 02/26/2029
|
|
18,000
|
18,473
|
|
Johnson & Johnson, 4.70%, 03/01/2030
|
|
9,000
|
9,267
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
Merck & Co., Inc.
|
|
|
|
|
3.85% 03/15/2029
|
$
|
829,000
|
$828,895
|
|
4.30% (SOFR + 0.57%), 03/15/2029(c)
|
|
484,000
|
485,642
|
|
Novartis Capital Corp.
|
|
|
|
|
3.90% 11/05/2028
|
|
413,000
|
414,349
|
|
3.80% 09/18/2029
|
|
9,000
|
8,974
|
|
4.10% 11/05/2030
|
|
435,000
|
435,124
|
|
Pfizer, Inc., 3.88%, 11/15/2027
|
|
512,000
|
513,840
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
25,000
|
25,150
|
|
|
|
|
2,749,813
|
|
Real Estate Development-0.18%
|
|||
|
Prologis Targeted U.S. Logistics Fund L.P.,
4.25%, 01/15/2031(b)
|
|
206,000
|
204,491
|
|
Regional Banks-0.01%
|
|||
|
Santander Holdings USA, Inc., 6.12%,
05/31/2027(d)
|
|
10,000
|
10,059
|
|
Reinsurance-0.02%
|
|||
|
RGA Global Funding, 4.35%, 08/25/2028(b)
|
|
19,000
|
19,123
|
|
Restaurants-0.01%
|
|||
|
McDonald’s Corp., 4.40%, 02/12/2031
|
|
17,000
|
17,126
|
|
Retail REITs-0.10%
|
|||
|
Realty Income Corp., 3.95%, 02/01/2029
|
|
114,000
|
113,667
|
|
Security & Alarm Services-0.52%
|
|||
|
Brink’s Co. (The), 4.63%, 10/15/2027(b)
|
|
600,000
|
601,359
|
|
Self-Storage REITs-0.03%
|
|||
|
Public Storage Operating Co., 4.40% (SOFR +
0.70%), 04/16/2027(c)
|
|
29,000
|
29,105
|
|
Semiconductors-1.64%
|
|||
|
Broadcom, Inc.
|
|
|
|
|
5.05% 07/12/2027
|
|
5,000
|
5,090
|
|
4.60% 07/15/2030
|
|
31,000
|
31,442
|
|
4.20% 10/15/2030
|
|
45,000
|
44,880
|
|
4.30% 01/15/2031
|
|
427,000
|
426,863
|
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(b)
|
|
662,000
|
694,303
|
|
5.50% 01/25/2031(b)
|
|
482,000
|
499,478
|
|
SK hynix, Inc. (South Korea), 4.25%,
09/11/2028(b)
|
|
200,000
|
200,833
|
|
|
|
|
1,902,889
|
|
Soft Drinks & Non-alcoholic Beverages-0.04%
|
|||
|
Keurig Dr Pepper, Inc., 4.37% (SOFR +
0.58%), 11/15/2026(c)
|
|
36,000
|
36,021
|
|
PepsiCo, Inc., 4.10%, 01/15/2029
|
|
15,000
|
15,110
|
|
|
|
|
51,131
|
|
Sovereign Debt-1.61%
|
|||
|
Colombia Government International Bond
(Colombia)
|
|
|
|
|
5.38% 01/21/2029
|
|
590,000
|
587,788
|
|
6.13% 01/21/2031
|
|
238,500
|
238,095
|
|
Egyptian Financial Co. for Sovereign Taskeek
(The) (Egypt), 6.38%, 04/07/2029(b)
|
|
200,000
|
202,946
|
|
Kuwait International Government Bond
(Kuwait)
|
|
|
|
|
4.02% 10/09/2028(b)
|
|
353,000
|
353,262
|
|
4.14% 10/09/2030(b)
|
|
200,000
|
198,951
|
|
|
Principal
Amount
|
Value
|
|
|
Sovereign Debt-(continued)
|
|||
|
Romanian Government International Bond
(Romania)
|
|
|
|
|
6.63% 02/17/2028(b)
|
$
|
228,000
|
$237,780
|
|
5.88% 01/30/2029(b)
|
|
44,000
|
45,466
|
|
|
|
|
1,864,288
|
|
Specialty Chemicals-0.06%
|
|||
|
Sherwin-Williams Co. (The)
|
|
|
|
|
4.30% 08/15/2028
|
|
54,000
|
54,395
|
|
4.50% 08/15/2030
|
|
16,000
|
16,150
|
|
|
|
|
70,545
|
|
Steel-0.39%
|
|||
|
Cleveland-Cliffs, Inc., 6.88%, 11/01/2029(b)
|
|
431,000
|
448,172
|
|
Systems Software-0.71%
|
|||
|
CrowdStrike Holdings, Inc., 3.00%,
02/15/2029
|
|
714,000
|
683,679
|
|
Oracle Corp., 4.45%, 09/26/2030
|
|
143,700
|
140,323
|
|
|
|
|
824,002
|
|
Telecom Tower REITs-0.67%
|
|||
|
SBA Communications Corp., 3.88%,
02/15/2027
|
|
781,000
|
775,597
|
|
Tobacco-2.40%
|
|||
|
Altria Group, Inc., 4.88%, 02/04/2028
|
|
166,000
|
169,022
|
|
B.A.T. Capital Corp. (United Kingdom), 4.70%,
04/02/2027
|
|
524,000
|
527,800
|
|
Philip Morris International, Inc.
|
|
|
|
|
4.38% 11/01/2027
|
|
5,000
|
5,050
|
|
5.25% 09/07/2028
|
|
164,000
|
169,224
|
|
3.88% 10/27/2028
|
|
825,000
|
824,480
|
|
4.36% (SOFR + 0.66%), 10/27/2028(c)
|
|
872,000
|
875,321
|
|
4.00% 10/29/2030
|
|
212,000
|
209,793
|
|
|
|
|
2,780,690
|
|
Trading Companies & Distributors-0.29%
|
|||
|
Air Lease Corp., Series B, 4.65%(d)(f)
|
|
204,000
|
203,723
|
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
130,000
|
129,566
|
|
|
|
|
333,289
|
|
Transaction & Payment Processing Services-0.46%
|
|||
|
Block, Inc., 2.75%, 06/01/2026
|
|
531,000
|
528,131
|
|
Wireless Telecommunication Services-0.15%
|
|||
|
T-Mobile USA, Inc., 4.95%, 03/15/2028
|
|
166,000
|
169,185
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $79,296,002)
|
79,513,977
|
||
|
|
|||
|
Asset-Backed Securities-23.45%
|
|||
|
ALA Trust
|
|
|
|
|
Series 2025-OANA, Class A, 5.42% (1 mo.
Term SOFR + 1.74%), 06/15/2040(b)(c)
|
|
295,000
|
297,838
|
|
Series 2025-OANA, Class B, 5.52% (1 mo.
Term SOFR + 1.84%), 06/15/2040(b)(c)
|
|
50,000
|
50,455
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(b)
|
|
318,796
|
321,261
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(b)
|
|
34,651
|
35,032
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(b)
|
|
881,427
|
891,651
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Avis Budget Rental Car Funding (AESOP) LLC
|
|
|
|
|
Series 2022-3A, Class A, 4.62%,
02/20/2027(b)
|
$
|
16,667
|
$16,672
|
|
Series 2023-2A, Class A, 5.20%,
10/20/2027(b)
|
|
100,000
|
100,509
|
|
Series 2023-4A, Class A, 5.49%,
06/20/2029(b)
|
|
100,000
|
102,756
|
|
Series 2025-3A, Class A, 4.17%,
02/20/2030(b)
|
|
100,000
|
99,952
|
|
Barings CLO Ltd. (Cayman Islands),
Series 2021-2A, Class A1R, 4.74% (3 mo.
Term SOFR + 1.07%), 07/15/2034(b)(c)
|
|
500,000
|
500,431
|
|
Barings Equipment Finance LLC, Series 2025-
B, Class A3, 4.13%, 10/13/2032(b)
|
|
140,000
|
140,595
|
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.74% (3 mo.
Term SOFR + 1.07%), 01/17/2035(b)(c)
|
|
300,000
|
300,519
|
|
BlackRock CLO L.P., Series 2025-2A, Class A,
5.05% (3 mo. Term SOFR + 1.27%),
11/21/2033(b)(c)
|
|
400,000
|
400,501
|
|
BX Trust
|
|
|
|
|
Series 2025-VLT6, Class A, 5.12% (1 mo.
Term SOFR + 1.44%), 03/15/2042(b)(c)
|
|
40,000
|
40,102
|
|
Series 2025-VLT6, Class B, 5.57% (1 mo.
Term SOFR + 1.89%), 03/15/2042(b)(c)
|
|
15,000
|
15,031
|
|
Series 2025-VLT7, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 07/15/2044(b)(c)
|
|
170,000
|
170,802
|
|
Series 2025-VOLT, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 12/15/2044(b)(c)
|
|
650,000
|
654,148
|
|
Series 2025-VOLT, Class B, 5.78% (1 mo.
Term SOFR + 2.10%), 12/15/2044(b)(c)
|
|
600,000
|
604,257
|
|
Series 2025-VOLT, Class C, 6.03% (1 mo.
Term SOFR + 2.35%), 12/15/2044(b)(c)
|
|
520,000
|
523,970
|
|
Series 2025-VOLT, Class D, 6.43% (1 mo.
Term SOFR + 2.75%), 12/15/2044(b)(c)
|
|
170,000
|
171,099
|
|
Carlyle Global Market Strategies CLO Ltd.
(Cayman Islands)
|
|
|
|
|
Series 2015-4A, Class A1R3, 4.59% (3 mo.
Term SOFR + 0.92%), 07/20/2032(b)(c)
|
|
121,517
|
121,654
|
|
Series 2015-5A, Class A1R4, 4.55% (3 mo.
Term SOFR + 0.88%), 01/20/2032(b)(c)
|
|
822,119
|
822,733
|
|
Carlyle US CLO Ltd. (Cayman Islands),
Series 2020-2A, Class A1R2, 4.75% (3 mo.
Term SOFR + 1.08%), 01/25/2035(b)(c)
|
|
250,000
|
250,266
|
|
Centersquare Issuer LLC, Series 2025-3A,
Class A2, 5.00%, 08/25/2055(b)
|
|
125,000
|
121,748
|
|
CIFC Funding Ltd. (Cayman Islands),
Series 2021-7A, Class AR, 4.76% (3 mo.
Term SOFR + 1.09%), 01/23/2035(b)(c)
|
|
250,000
|
250,155
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2024-INV2, Class A1, 6.42%,
05/25/2069(b)
|
|
179,694
|
182,646
|
|
Series 2025-3, Class A1, 5.35%,
03/25/2070(b)
|
|
214,914
|
216,674
|
|
Series 2025-4, Class A1, 5.79%,
04/25/2070(b)
|
|
333,624
|
338,694
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(b)
|
|
94,173
|
95,347
|
|
Compass Datacenters Issuer II LLC,
Series 2025-2A, Class A1, 4.93%,
11/25/2050(b)
|
|
953,432
|
950,444
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Cross Mortgage Trust
|
|
|
|
|
Series 2024-H2, Class A1, 6.09%,
04/25/2069(b)
|
$
|
78,127
|
$79,025
|
|
Series 2024-H8, Class A1, 5.55%,
12/25/2069(b)(g)
|
|
81,679
|
82,578
|
|
Series 2025-H5, Class A1, 5.51%,
07/25/2070(b)(g)
|
|
818,427
|
828,525
|
|
DB Master Finance LLC, Series 2025-1A,
Class A2I, 4.89%, 08/20/2055(b)
|
|
420,000
|
420,085
|
|
Domino’s Pizza Master Issuer LLC,
Series 2025-1A, Class A2I, 4.93%,
07/25/2055(b)
|
|
59,850
|
60,190
|
|
EFMT, Series 2025-NQM5, Class A1, 5.03%,
11/25/2070(b)(g)
|
|
408,474
|
410,878
|
|
Enterprise Fleet Financing LLC, Series 2025-4,
Class A3, 4.11%, 12/20/2029(b)
|
|
150,000
|
150,618
|
|
GCAT Trust
|
|
|
|
|
Series 2024-INV1, Class 2A2, 6.50%,
01/25/2054(b)(g)
|
|
51,571
|
52,873
|
|
Series 2025-NQM2, Class A1, 5.60%,
04/25/2070(b)
|
|
83,709
|
84,884
|
|
GS Mortgage-Backed Securities Corp. Trust,
Series 2025-NQM6, Class A1, 5.02%,
02/25/2066(b)
|
|
632,645
|
635,302
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2025-HE1, Class A1, 5.25% (30 Day
Average SOFR + 1.55%), 10/25/2055(b)(c)
|
|
290,467
|
292,270
|
|
Series 2025-HE2, Class A1, 5.25% (30 Day
Average SOFR + 1.55%), 12/25/2065(b)(c)
|
|
898,397
|
904,972
|
|
Series 2025-NQM3, Class A1, 5.14%,
11/25/2065(b)
|
|
83,453
|
83,949
|
|
Series 2025-NQM4, Class A1, 5.01%,
10/25/2065(b)
|
|
425,562
|
427,518
|
|
Series 2025-NQM5, Class A1, 5.01%,
07/25/2065(b)
|
|
555,858
|
558,504
|
|
Series 2026-NQM1, Class A1, 4.87%,
03/25/2066(b)(g)
|
|
305,000
|
305,594
|
|
Harbor Park CLO Ltd. (Cayman Islands),
Series 2018-1A, Class AR2, 4.62% (3 mo.
Term SOFR + 0.95%), 01/20/2031(b)(c)
|
|
455,156
|
455,563
|
|
IP Mortgage Trust, Series 2025-IP, Class A,
5.25%, 06/10/2042(b)(g)
|
|
50,000
|
50,941
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(b)(g)
|
|
671,228
|
679,234
|
|
Series 2025-NQM4, Class A1, 4.95%,
03/25/2066(b)(g)
|
|
308,932
|
310,280
|
|
JP Morgan Mortgage Trust, Series 2024-VIS1,
Class A1, 5.99%, 07/25/2064(b)(g)
|
|
261,416
|
264,252
|
|
Juniper Valley Park CLO Ltd. (Jersey),
Series 2023-1A, Class ARR, 4.75% (3 mo.
Term SOFR + 1.08%), 07/20/2036(b)(c)
|
|
430,000
|
431,105
|
|
Merchants Fleet Funding LLC, Series 2025-
1A, Class A, 4.49%, 01/20/2039(b)
|
|
190,000
|
191,383
|
|
Metronet Infrastructure Issuer LLC,
Series 2025-4A, Class A2, 5.16%,
12/20/2055(b)
|
|
300,000
|
303,146
|
|
MILE Trust
|
|
|
|
|
Series 2025-STNE, Class A, 5.18% (1 mo.
Term SOFR + 1.50%), 07/15/2042(b)(c)
|
|
100,000
|
100,271
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-STNE, Class B, 5.38% (1 mo.
Term SOFR + 1.70%), 07/15/2042(b)(c)
|
$
|
100,000
|
$100,290
|
|
Series 2025-STNE, Class C, 5.78% (1 mo.
Term SOFR + 2.10%), 07/15/2042(b)(c)
|
|
100,000
|
100,327
|
|
Morgan Stanley Bank of America Merrill Lynch
Trust, Series 2025-5C2, Class B, 5.69%,
11/15/2058(g)
|
|
653,000
|
667,664
|
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(b)(g)
|
|
81,483
|
82,621
|
|
Series 2025-NQM8, Class A1, 4.96%,
09/25/2070(b)(g)
|
|
459,288
|
461,488
|
|
Neuberger Berman Loan Advisers CLO 47 Ltd.
(Cayman Islands), Series 2022-47A,
Class AR, 4.76% (3 mo. Term SOFR +
1.09%), 04/16/2035(b)(c)
|
|
250,000
|
250,433
|
|
New Residential Mortgage Loan Trust,
Series 2025-NQM2, Class A1, 5.57%,
04/25/2065(b)
|
|
422,154
|
428,404
|
|
NextGear Floorplan Master Owner Trust,
Series 2025-2A, Class A2, 4.23%,
10/15/2030(b)
|
|
110,000
|
110,504
|
|
OBX Trust, Series 2023-NQM1, Class A1,
6.12%, 11/25/2062(b)(g)
|
|
61,091
|
61,405
|
|
One Bryant Park Trust, Series 2019-OBP,
Class A, 2.52%, 09/15/2054(b)
|
|
300,000
|
279,731
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1, 4.66%
(3 mo. Term SOFR + 0.95%),
01/15/2034(b)(c)
|
|
750,000
|
750,251
|
|
Planet Fitness Master Issuer LLC,
Series 2025-1A, Class A2I, 5.27%,
12/06/2055(b)
|
|
100,000
|
100,907
|
|
PRKCM Trust, Series 2023-AFC4, Class A1,
7.23%, 11/25/2058(b)
|
|
55,541
|
56,300
|
|
Provident Funding Mortgage Trust,
Series 2025-4, Class A1, 6.00%,
09/25/2055(b)(g)
|
|
95,299
|
96,911
|
|
Qdoba Funding LLC, Series 2023-1A,
Class A2, 8.50%, 09/14/2053(b)
|
|
28,928
|
30,203
|
|
RCKT Mortgage Trust, Series 2026-CES1,
Class A1A, 4.83%, 01/25/2056(b)
|
|
150,000
|
150,151
|
|
RR 16 Ltd. (Cayman Islands), Series 2021-
16A, Class A1R, 4.72% (3 mo. Term SOFR
+ 1.05%), 07/15/2036(b)(c)
|
|
350,000
|
350,224
|
|
RR 17 Ltd. (Cayman Islands), Series 2021-
17A, Class A1AR, 4.74% (3 mo. Term
SOFR + 1.07%), 07/15/2034(b)(c)
|
|
250,000
|
250,194
|
|
Sequoia Mortgage Trust, Series 2025-10,
Class A1, 5.50%, 11/25/2055(b)(g)
|
|
277,062
|
278,817
|
|
SHRN Trust
|
|
|
|
|
Series 2025-MF18, Class A, 4.88% (1 mo.
Term SOFR + 1.20%), 10/15/2040(b)(c)
|
|
250,000
|
250,618
|
|
Series 2025-MF18, Class B, 5.13% (1 mo.
Term SOFR + 1.45%), 10/15/2040(b)(c)
|
|
160,000
|
160,583
|
|
Series 2025-MF18, Class C, 5.38% (1 mo.
Term SOFR + 1.70%), 10/15/2040(b)(c)
|
|
360,000
|
361,730
|
|
Sonic Capital LLC, Series 2020-1A, Class A2I,
3.85%, 01/20/2050(b)
|
|
496,563
|
492,202
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Subway Funding LLC
|
|
|
|
|
Series 2024-1A, Class A2I, 6.03%,
07/30/2054(b)
|
$
|
36,538
|
$37,049
|
|
Series 2024-3A, Class A2I, 5.25%,
07/30/2054(b)
|
|
24,688
|
24,601
|
|
Switch ABS Issuer LLC, Series 2025-2A,
Class A21, 5.12%, 10/25/2055(b)
|
|
570,000
|
569,121
|
|
Synchrony Card Funding LLC, Series 2024-
A2, Class A, 4.93%, 07/15/2030
|
|
10,000
|
10,155
|
|
Taco Bell Funding LLC, Series 2025-1A,
Class A2I, 4.82%, 08/25/2055(b)
|
|
170,000
|
169,533
|
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.67% (3 mo. Term SOFR +
1.00%), 04/20/2034(b)(c)
|
|
570,000
|
571,026
|
|
TierPoint Issuer LLC, Series 2025-1A,
Class A2, 6.15%, 04/26/2055(b)
|
|
25,000
|
25,385
|
|
UBS Commercial Mortgage Trust,
Series 2017-C6, Class AS, 3.93%,
12/15/2050(g)
|
|
50,000
|
48,264
|
|
Vantage Data Centers Issuer LLC,
Series 2025-2A, Class A2, 5.24%,
11/15/2055(b)
|
|
350,000
|
347,971
|
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.23%,
07/13/2044(b)(g)
|
|
110,000
|
111,237
|
|
Series 2025-AZ, Class B, 5.48%,
07/13/2044(b)(g)
|
|
105,000
|
106,318
|
|
Series 2025-AZ, Class C, 6.03%,
07/13/2044(b)(g)
|
|
200,000
|
203,711
|
|
Series 2025-AZ, Class D, 6.43%,
07/13/2044(b)(g)
|
|
235,000
|
240,288
|
|
Verus Securitization Trust, Series 2021-R3,
Class A1, 1.02%, 04/25/2064(b)(g)
|
|
46,492
|
44,673
|
|
Voya CLO Ltd. (Cayman Islands),
Series 2021-1A, Class AR, 4.67% (3 mo.
Term SOFR + 1.00%), 07/15/2034(b)(c)
|
|
455,000
|
455,171
|
|
WEST Trust, Series 2025-ROSE, Class A,
5.28%, 04/10/2035(b)(g)
|
|
50,000
|
50,806
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.74% (3 mo. Term SOFR +
1.07%), 01/20/2035(b)(c)
|
|
1,000,000
|
1,001,868
|
|
Zayo Issuer LLC, Series 2025-2A, Class A2,
5.95%, 06/20/2055(b)
|
|
300,000
|
308,463
|
|
Total Asset-Backed Securities
(Cost $27,059,375)
|
27,149,480
|
||
|
U.S. Treasury Securities-4.11%
|
|||
|
U.S. Treasury Bills-1.50%(h)
|
|||
|
3.80%, 03/26/2026
|
|
1,060,000
|
1,054,455
|
|
3.53%–3.77%, 05/14/2026(i)
|
|
688,000
|
681,137
|
|
|
|
|
1,735,592
|
|
U.S. Treasury Notes-2.61%
|
|||
|
3.38%, 12/31/2027
|
|
1,191,600
|
1,188,202
|
|
3.50%, 01/15/2029
|
|
342,100
|
341,124
|
|
3.63%, 12/31/2030
|
|
1,501,800
|
1,490,185
|
|
|
|
|
3,019,511
|
|
Total U.S. Treasury Securities
(Cost $4,752,596)
|
4,755,103
|
||
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Agency Credit Risk Transfer Notes-0.20%
|
|||
|
Fannie Mae Connecticut Avenue Securities
|
|
|
|
|
Series 2023-R02, Class 1M1, 6.00%
(30 Day Average SOFR + 2.30%),
01/25/2043(b)(c)(j)
|
$
|
17,030
|
$17,403
|
|
Series 2025-R04, Class 1A1, 4.70%
(30 Day Average SOFR + 1.00%),
05/25/2045(b)(c)(j)
|
|
15,590
|
15,612
|
|
Freddie Mac
|
|
|
|
|
Series 2023-DNA1, Class M1, STACR®,
5.80% (30 Day Average SOFR + 2.10%),
03/25/2043(b)(c)(k)
|
|
24,420
|
24,720
|
|
Series 2025-DNA4, Class A1, STACR®,
4.60% (30 Day Average SOFR + 0.90%),
10/25/2045(b)(c)(k)
|
|
168,625
|
168,774
|
|
Total Agency Credit Risk Transfer Notes
(Cost $225,665)
|
226,509
|
||
|
|
Shares
|
|
|
|
Preferred Stocks-0.02%
|
|||
|
Diversified Financial Services-0.02%
|
|||
|
Apollo Global Management, Inc., Pfd., 7.63%,
09/15/2053(d)
(Cost $27,500)
|
|
1,100
|
28,996
|
|
Money Market Funds-2.78%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(l)(m)
(Cost $3,215,269)
|
|
3,215,269
|
3,215,269
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.25%
(Cost $114,576,407)
|
114,889,334
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.62%
|
|||
|
Invesco Private Government Fund,
3.65%(l)(m)(n)
|
|
200,242
|
200,242
|
|
Invesco Private Prime Fund, 3.80%(l)(m)(n)
|
|
520,672
|
520,828
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $721,070)
|
721,070
|
||
|
TOTAL INVESTMENTS IN SECURITIES-99.87%
(Cost $115,297,477)
|
115,610,404
|
||
|
OTHER ASSETS LESS LIABILITIES-0.13%
|
154,252
|
||
|
NET ASSETS-100.00%
|
$115,764,656
|
||
|
Investment Abbreviations:
|
|
|
Conv.
|
-Convertible
|
|
Pfd.
|
-Preferred
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $54,931,035, which represented 47.45% of the Fund’s Net Assets.
|
|
(c)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(d)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(e)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(f)
|
Perpetual bond with no specified maturity date.
|
|
(g)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on January 31, 2026.
|
|
(h)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(i)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for open futures contracts.
|
|
(j)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(k)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(l)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$4,436,367
|
$27,374,241
|
$(28,595,339
)
|
$-
|
$-
|
$3,215,269
|
$10,245
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
255,436
|
3,374,146
|
(3,429,340
)
|
-
|
-
|
200,242
|
2,741
*
|
|
Invesco Private Prime
Fund
|
665,608
|
6,508,188
|
(6,652,967
)
|
8
|
(9
)
|
520,828
|
7,907
*
|
|
Total
|
$5,357,411
|
$37,256,575
|
$(38,677,646
)
|
$8
|
$(9
)
|
$3,936,339
|
$20,893
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(m)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(n)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
330
|
March-2026
|
$68,802,422
|
$(60,091
)
|
$(60,091
)
|
|
Open Futures Contracts—(continued)
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 5 Year Notes
|
243
|
March-2026
|
$(26,469,914
)
|
$77,941
|
$77,941
|
|
U.S. Treasury 10 Year Notes
|
46
|
March-2026
|
(5,144,094
)
|
32,357
|
32,357
|
|
U.S. Treasury Long Bonds
|
3
|
March-2026
|
(345,375
)
|
3,182
|
3,182
|
|
U.S. Treasury Ultra Bonds
|
1
|
March-2026
|
(117,438
)
|
2,029
|
2,029
|
|
Subtotal—Short Futures Contracts
|
|
|
|
115,509
|
115,509
|
|
Total Futures Contracts
|
$55,418
|
$55,418
|
|||
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-72.66%
|
|||
|
Gas Utilities-1.82%
|
|||
|
AltaGas Ltd. (Canada)
|
|
32,697
|
$991,667
|
|
Oil & Gas Equipment & Services-5.56%
|
|||
|
Archrock, Inc.
|
|
37,765
|
1,117,467
|
|
Kodiak Gas Services, Inc.
|
|
45,587
|
1,915,110
|
|
|
|
|
3,032,577
|
|
Oil & Gas Refining & Marketing-2.85%
|
|||
|
Sunococorp LLC(b)
|
|
29,000
|
1,554,980
|
|
Oil & Gas Storage & Transportation-62.43%
|
|||
|
Antero Midstream Corp.
|
|
93,463
|
1,758,974
|
|
Cheniere Energy, Inc.
|
|
11,168
|
2,362,255
|
|
DT Midstream, Inc.
|
|
10,343
|
1,303,425
|
|
Enbridge, Inc. (Canada)
|
|
51,684
|
2,524,246
|
|
Gibson Energy, Inc. (Canada)
|
|
31,842
|
630,421
|
|
Hess Midstream L.P., Class A
|
|
25,762
|
913,778
|
|
Keyera Corp. (Canada)(c)
|
|
71,947
|
2,449,859
|
|
Kinder Morgan, Inc.
|
|
88,633
|
2,702,420
|
|
Kinetik Holdings, Inc., Class A(c)
|
|
34,605
|
1,415,690
|
|
ONEOK, Inc.
|
|
34,189
|
2,707,427
|
|
Pembina Pipeline Corp. (Canada)(c)
|
|
63,269
|
2,630,725
|
|
South Bow Corp. (Canada)(c)
|
|
65,925
|
1,872,270
|
|
Targa Resources Corp.
|
|
18,760
|
3,770,385
|
|
TC Energy Corp. (Canada)
|
|
56,775
|
3,330,989
|
|
Williams Cos., Inc. (The)
|
|
54,660
|
3,676,432
|
|
|
|
|
34,049,296
|
|
Total Common Stocks & Other Equity Interests
(Cost $36,607,739)
|
39,628,520
|
||
|
Master Limited Partnerships &
Related Entities-26.00%
|
|
|
|
|
Oil & Gas Storage & Transportation-26.00%
|
|
|
|
|
Energy Transfer L.P.
|
|
140,931
|
2,600,177
|
|
Enterprise Products Partners L.P.
|
|
70,487
|
2,339,463
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Storage & Transportation-
(continued)
|
|
|
|
|
Genesis Energy L.P.
|
|
126,829
|
$2,106,630
|
|
MPLX L.P.
|
|
43,474
|
2,430,197
|
|
Plains GP Holdings L.P., Class A
|
|
152,457
|
3,122,319
|
|
Western Midstream Partners L.P.
|
|
38,174
|
1,582,694
|
|
|
|
|
14,181,480
|
|
Total Master Limited Partnerships & Related Entities
(Cost $13,015,687)
|
14,181,480
|
||
|
Money Market Funds-1.08%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $586,920)
|
|
586,920
|
586,920
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.74%
(Cost $50,210,346)
|
54,396,920
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-9.81%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
1,485,800
|
1,485,800
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
3,861,231
|
3,862,389
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,348,189)
|
5,348,189
|
||
|
TOTAL INVESTMENTS IN SECURITIES-109.55%
(Cost $55,558,535)
|
59,745,109
|
||
|
OTHER ASSETS LESS LIABILITIES-(9.55)%
|
(5,207,268
)
|
||
|
NET ASSETS-100.00%
|
$54,537,841
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$606,735
|
$680,613
|
$(700,428
)
|
$-
|
$-
|
$586,920
|
$7,109
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$430,356
|
$10,139,335
|
$(9,083,891
)
|
$-
|
$-
|
$1,485,800
|
$12,761
*
|
|
Invesco Private Prime
Fund
|
1,120,268
|
20,093,342
|
(17,351,221
)
|
14
|
(14
)
|
3,862,389
|
37,331
*
|
|
Total
|
$2,157,359
|
$30,913,290
|
$(27,135,540
)
|
$14
|
$(14
)
|
$5,935,109
|
$57,201
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-50.12%
|
|||
|
Automobiles-5.39%
|
|||
|
Tesla, Inc.(b)
|
|
5,479
|
$2,358,216
|
|
Broadline Retail-5.96%
|
|||
|
Amazon.com, Inc.(b)
|
|
10,889
|
2,605,738
|
|
Interactive Media & Services-8.85%
|
|||
|
Alphabet, Inc., Class A
|
|
5,926
|
2,002,988
|
|
Alphabet, Inc., Class C
|
|
5,507
|
1,864,285
|
|
|
|
|
3,867,273
|
|
Semiconductors & Semiconductor Equipment-15.50%
|
|||
|
Broadcom, Inc.
|
|
6,175
|
2,045,777
|
|
NVIDIA Corp.
|
|
24,752
|
4,730,850
|
|
|
|
|
6,776,627
|
|
Software-6.53%
|
|||
|
Microsoft Corp.
|
|
6,639
|
2,856,695
|
|
|
Shares
|
Value
|
|
|
Technology Hardware, Storage & Peripherals-7.89%
|
|||
|
Apple, Inc.
|
|
13,298
|
$3,450,565
|
|
Total Common Stocks & Other Equity Interests
(Cost $19,148,886)
|
21,915,114
|
||
|
|
|||
|
Money Market Funds-41.11%
|
|
|
|
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(c)(d)
(Cost $17,979,399)
|
|
17,979,399
|
17,979,399
|
|
TOTAL INVESTMENTS IN SECURITIES-91.23%
(Cost $37,128,285)
|
39,894,513
|
||
|
OTHER ASSETS LESS LIABILITIES-8.77%
|
3,832,990
|
||
|
NET ASSETS-100.00%
|
$43,727,503
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$15,759,350
|
$2,289,736
|
$(69,687
)
|
$-
|
$-
|
$17,979,399
|
$159,492
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
Open Over-The-Counter Total Return Swap Agreements
|
||||||||||
|
Counterparty
|
Pay/
Receive(a)
|
Reference Entity
|
Rate
|
Payment
Frequency
|
Maturity Date
|
Notional
Value(b)
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Equity Risk
|
|
|
|
|
|
|
|
|
||
|
Bank of America, N.A.
|
Receive
|
Bank of America
NDXMEGA2T Index
|
(SOFR +
0.73%)
|
Annually
|
March-2026
|
$
|
5,094,361
|
$-
|
$1,294,981
|
$1,294,981
|
|
Goldman Sachs
International
|
Receive
|
Goldman Sachs
NDXMEGA2T Index
|
(SOFR +
0.82%)
|
Annually
|
March-2026
|
|
5,095,312
|
-
|
1,288,722
|
1,288,722
|
|
Morgan Stanley Capital
Services LLC
|
Receive
|
Morgan Stanley
NDXMEGA2T Index
|
(SOFR +
0.88%)
|
Annually
|
March-2026
|
|
5,096,323
|
-
|
1,289,889
|
1,289,889
|
|
Subtotal — Appreciation
|
|
|
|
—
|
3,873,592
|
3,873,592
|
||||
|
Equity Risk
|
|
|
|
|
|
|
|
|
||
|
Societe Generale
|
Receive
|
Societe Generale
NDXMEGA2T Index
|
(SOFR +
0.77%)
|
Annually
|
January-2027
|
|
2,000,581
|
-
|
(79,769
)
|
(79,769
)
|
|
Subtotal — Depreciation
|
|
|
|
—
|
(79,769
)
|
(79,769
)
|
||||
|
Total Over-The-Counter Total Return Swap Agreements
|
|
|
|
$—
|
$3,793,823
|
$3,793,823
|
||||
|
Abbreviations:
|
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
(a)
|
The Fund receives or pays payments based on any positive or negative return on the
Reference Entity, respectively.
|
|
(b)
|
Notional Value is denominated in U.S. Dollars unless otherwise noted.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-39.54%
|
|||
|
Advertising-0.10%
|
|||
|
Lamar Media Corp., 5.38%,
11/01/2033(b)
|
$
|
2,009,000
|
$2,006,239
|
|
Aerospace & Defense-0.54%
|
|||
|
BAE Systems PLC (United Kingdom)
|
|
|
|
|
5.00% 03/26/2027(b)
|
|
502,000
|
507,994
|
|
5.13% 03/26/2029(b)
|
|
462,000
|
475,924
|
|
Boeing Co. (The)
|
|
|
|
|
6.26% 05/01/2027
|
|
6,000
|
6,155
|
|
6.30% 05/01/2029
|
|
8,000
|
8,500
|
|
6.39% 05/01/2031
|
|
8,000
|
8,683
|
|
6.53% 05/01/2034
|
|
48,000
|
53,116
|
|
5.81% 05/01/2050
|
|
13,000
|
12,849
|
|
General Dynamics Corp., 4.95%,
08/15/2035
|
|
67,000
|
68,185
|
|
Howmet Aerospace, Inc.
|
|
|
|
|
4.85% 10/15/2031
|
|
11,000
|
11,296
|
|
4.55% 11/15/2032
|
|
1,777,000
|
1,786,083
|
|
Huntington Ingalls Industries, Inc.
|
|
|
|
|
5.35% 01/15/2030
|
|
16,000
|
16,554
|
|
5.75% 01/15/2035
|
|
27,000
|
28,503
|
|
L3Harris Technologies, Inc., 5.40%,
07/31/2033
|
|
3,000
|
3,125
|
|
Lockheed Martin Corp.
|
|
|
|
|
4.15% 08/15/2028
|
|
85,000
|
85,703
|
|
4.50% 02/15/2029
|
|
9,000
|
9,159
|
|
4.40% 08/15/2030
|
|
408,000
|
412,321
|
|
4.80% 08/15/2034
|
|
23,000
|
23,272
|
|
5.90% 11/15/2063
|
|
1,000
|
1,037
|
|
RTX Corp.
|
|
|
|
|
5.75% 01/15/2029
|
|
8,000
|
8,385
|
|
5.15% 02/27/2033
|
|
3,000
|
3,104
|
|
6.40% 03/15/2054
|
|
3,000
|
3,307
|
|
Textron, Inc., 4.95%, 03/15/2036
|
|
670,000
|
664,530
|
|
TransDigm, Inc.
|
|
|
|
|
6.75% 08/15/2028(b)
|
|
183,000
|
186,308
|
|
6.38% 03/01/2029(b)
|
|
3,446,000
|
3,547,915
|
|
6.38% 05/31/2033(b)
|
|
2,625,000
|
2,674,119
|
|
6.25% 01/31/2034(b)(c)
|
|
409,000
|
422,883
|
|
|
|
|
11,029,010
|
|
Agricultural & Farm Machinery-0.06%
|
|||
|
AGCO Corp.
|
|
|
|
|
5.45% 03/21/2027
|
|
6,000
|
6,081
|
|
5.80% 03/21/2034
|
|
9,000
|
9,412
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
56,000
|
56,668
|
|
Imperial Brands Finance PLC (United
Kingdom), 6.38%, 07/01/2055(b)
|
|
509,000
|
525,363
|
|
John Deere Capital Corp.
|
|
|
|
|
4.70% 06/10/2030
|
|
10,000
|
10,253
|
|
4.38% 10/15/2030
|
|
622,000
|
628,958
|
|
5.10% 04/11/2034
|
|
25,000
|
25,766
|
|
|
|
|
1,262,501
|
|
Agricultural Products & Services-0.17%
|
|||
|
Cargill, Inc.
|
|
|
|
|
4.13% 10/23/2030(b)
|
|
1,604,000
|
1,596,324
|
|
5.38% 10/23/2055(b)
|
|
1,904,407
|
1,829,862
|
|
|
|
|
3,426,186
|
|
|
Principal
Amount
|
Value
|
|
|
Air Freight & Logistics-0.02%
|
|||
|
GXO Logistics, Inc.
|
|
|
|
|
6.25% 05/06/2029
|
$
|
21,000
|
$22,166
|
|
6.50% 05/06/2034
|
|
9,000
|
9,697
|
|
United Parcel Service, Inc.
|
|
|
|
|
4.65% 10/15/2030
|
|
130,000
|
133,179
|
|
5.15% 05/22/2034
|
|
13,000
|
13,489
|
|
5.25% 05/14/2035(c)
|
|
106,000
|
109,851
|
|
5.50% 05/22/2054
|
|
28,000
|
27,294
|
|
|
|
|
315,676
|
|
Apparel Retail-0.02%
|
|||
|
Gap, Inc. (The), 3.63%,
10/01/2029(b)
|
|
466,000
|
443,680
|
|
Apparel, Accessories & Luxury Goods-0.06%
|
|||
|
Gildan Activewear, Inc. (Canada)
|
|
|
|
|
4.70% 10/07/2030(b)
|
|
655,000
|
653,227
|
|
5.40% 10/07/2035(b)
|
|
506,000
|
505,626
|
|
|
|
|
1,158,853
|
|
Application Software-0.05%
|
|||
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
119,000
|
119,700
|
|
4.50% 10/15/2029
|
|
25,000
|
25,259
|
|
4.45% 09/15/2030
|
|
262,950
|
263,650
|
|
4.75% 02/15/2032
|
|
31,000
|
31,199
|
|
4.90% 10/15/2034
|
|
23,000
|
22,847
|
|
5.10% 09/15/2035(c)
|
|
372,720
|
372,311
|
|
SS&C Technologies, Inc.
|
|
|
|
|
5.50% 09/30/2027(b)
|
|
182,000
|
181,949
|
|
6.50% 06/01/2032(b)
|
|
38,000
|
39,263
|
|
|
|
|
1,056,178
|
|
Asset Management & Custody Banks-0.24%
|
|||
|
Affiliated Managers Group, Inc.,
5.50%, 08/20/2034
|
|
54,000
|
55,220
|
|
Ameriprise Financial, Inc.
|
|
|
|
|
5.70% 12/15/2028
|
|
7,000
|
7,332
|
|
5.15% 05/15/2033
|
|
2,000
|
2,072
|
|
5.20% 04/15/2035
|
|
122,000
|
124,200
|
|
Ares Strategic Income Fund, 5.55%,
04/15/2031(b)(c)
|
|
1,472,000
|
1,455,935
|
|
Bank of New York Mellon Corp. (The)
|
|
|
|
|
4.40% (SOFR + 0.68%),
06/09/2028(d)
|
|
431,000
|
432,397
|
|
4.89% 07/21/2028(e)
|
|
32,000
|
32,495
|
|
4.98% 03/14/2030(e)
|
|
4,000
|
4,113
|
|
5.06% 07/22/2032(e)
|
|
16,000
|
16,548
|
|
5.83% 10/25/2033(e)
|
|
1,000
|
1,074
|
|
5.19% 03/14/2035(e)
|
|
1,000
|
1,029
|
|
Series I, 3.75% (e)(f)
|
|
5,000
|
4,928
|
|
Series J, 4.97% 04/26/2034(e)
|
|
1,000
|
1,017
|
|
Blackstone Secured Lending Fund,
2.13%, 02/15/2027
|
|
274,000
|
267,579
|
|
Brookfield Asset Management Ltd.
(Canada)
|
|
|
|
|
5.80% 04/24/2035
|
|
157,000
|
163,604
|
|
6.08% 09/15/2055
|
|
249,000
|
256,355
|
|
Carlyle Group, Inc. (The), 5.05%,
09/19/2035(c)
|
|
471,000
|
463,763
|
|
Citadel L.P.
|
|
|
|
|
6.00% 01/23/2030(b)
|
|
11,000
|
11,484
|
|
6.38% 01/23/2032(b)
|
|
22,000
|
23,353
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks-(continued)
|
|||
|
Northern Trust Corp.
|
|
|
|
|
4.15% 11/19/2030
|
$
|
565,000
|
$565,433
|
|
6.13% 11/02/2032
|
|
2,000
|
2,175
|
|
5.12% 11/19/2040(e)
|
|
757,000
|
753,528
|
|
State Street Corp., 4.78%,
10/23/2036(e)
|
|
402,000
|
397,313
|
|
|
|
|
5,042,947
|
|
Automobile Manufacturers-0.69%
|
|||
|
American Honda Finance Corp.,
4.90%, 01/10/2034
|
|
13,000
|
13,052
|
|
Daimler Truck Finance North
America LLC (Germany)
|
|
|
|
|
5.00% 01/15/2027(b)(c)
|
|
440,000
|
445,006
|
|
4.65% 10/12/2030(b)
|
|
92,000
|
92,717
|
|
5.00% 10/12/2032(b)
|
|
1,419,000
|
1,437,937
|
|
5.38% 01/18/2034(b)
|
|
402,000
|
410,900
|
|
5.63% 01/13/2035(b)
|
|
213,000
|
220,894
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
6.95% 06/10/2026
|
|
584,000
|
588,525
|
|
2.70% 08/10/2026
|
|
594,000
|
589,305
|
|
7.35% 11/04/2027
|
|
480,000
|
501,484
|
|
5.92% 03/20/2028
|
|
449,000
|
460,382
|
|
6.80% 05/12/2028
|
|
485,000
|
507,613
|
|
6.80% 11/07/2028
|
|
598,000
|
630,011
|
|
7.20% 06/10/2030
|
|
471,000
|
506,819
|
|
Honda Motor Co. Ltd. (Japan)
|
|
|
|
|
4.44% 07/08/2028
|
|
471,000
|
475,605
|
|
5.34% 07/08/2035(c)
|
|
475,000
|
484,914
|
|
Hyundai Capital America
|
|
|
|
|
5.65% 06/26/2026(b)
|
|
6,000
|
6,041
|
|
4.88% 06/23/2027(b)(c)
|
|
479,000
|
484,281
|
|
5.00% 01/07/2028(b)
|
|
199,000
|
202,237
|
|
5.60% 03/30/2028(b)
|
|
3,000
|
3,086
|
|
5.35% 03/19/2029(b)
|
|
7,000
|
7,216
|
|
5.30% 01/08/2030(b)
|
|
84,000
|
86,610
|
|
5.80% 04/01/2030(b)
|
|
3,000
|
3,144
|
|
Hyundai Capital Services, Inc. (South
Korea), 5.25%, 01/22/2028(b)(c)
|
|
2,198,000
|
2,241,155
|
|
Mercedes-Benz Finance North
America LLC (Germany)
|
|
|
|
|
4.80% 01/11/2027(b)(c)
|
|
443,000
|
447,229
|
|
5.10% 08/03/2028(b)(c)
|
|
469,000
|
480,825
|
|
4.85% 01/11/2029(b)(c)
|
|
382,000
|
389,435
|
|
PACCAR Financial Corp., 4.00%,
09/26/2029
|
|
66,000
|
66,214
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.55% 08/09/2029
|
|
18,000
|
18,318
|
|
5.10% 03/21/2031
|
|
22,000
|
22,841
|
|
Volkswagen Group of America
Finance LLC (Germany)
|
|
|
|
|
4.90% 08/14/2026(b)(c)
|
|
614,000
|
616,820
|
|
5.25% 03/22/2029(b)(c)
|
|
596,000
|
609,984
|
|
4.95% 08/15/2029(b)
|
|
474,000
|
481,524
|
|
5.60% 03/22/2034(b)
|
|
603,000
|
619,811
|
|
|
|
|
14,151,935
|
|
Automotive Parts & Equipment-0.29%
|
|||
|
American Axle & Manufacturing, Inc.
|
|
|
|
|
6.38% 10/15/2032(b)
|
|
569,000
|
580,815
|
|
7.75% 10/15/2033(b)
|
|
211,000
|
217,175
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Parts & Equipment-(continued)
|
|||
|
BMW US Capital LLC (Germany),
4.50%, 08/11/2030(b)
|
$
|
143,000
|
$143,631
|
|
Clarios Global L.P./Clarios US Finance
Co., 6.75%, 02/15/2030(b)
|
|
361,000
|
377,847
|
|
ERAC USA Finance LLC
|
|
|
|
|
5.00% 02/15/2029(b)
|
|
9,000
|
9,233
|
|
4.90% 05/01/2033(b)
|
|
3,000
|
3,041
|
|
Phinia, Inc., 6.75%, 04/15/2029(b)
|
|
806,000
|
834,192
|
|
ZF North America Capital, Inc.
(Germany)
|
|
|
|
|
6.88% 04/14/2028(b)(c)
|
|
730,000
|
754,159
|
|
7.13% 04/14/2030(b)
|
|
296,000
|
303,184
|
|
6.75% 04/23/2030(b)
|
|
26,000
|
26,087
|
|
7.50% 03/24/2031(b)
|
|
2,279,000
|
2,337,295
|
|
6.88% 04/23/2032(b)(c)
|
|
312,000
|
311,313
|
|
|
|
|
5,897,972
|
|
Automotive Retail-0.19%
|
|||
|
Advance Auto Parts, Inc.
|
|
|
|
|
7.00% 08/01/2030(b)(c)
|
|
595,000
|
605,484
|
|
7.38% 08/01/2033(b)(c)
|
|
640,000
|
650,000
|
|
AutoZone, Inc., 5.20%, 08/01/2033
|
|
3,000
|
3,075
|
|
Lithia Motors, Inc., 5.50%,
10/01/2030(b)
|
|
2,683,000
|
2,696,462
|
|
O’Reilly Automotive, Inc., 5.00%,
08/19/2034
|
|
33,000
|
33,205
|
|
|
|
|
3,988,226
|
|
Biotechnology-0.00%
|
|||
|
AbbVie, Inc.
|
|
|
|
|
4.80% 03/15/2029
|
|
31,000
|
31,763
|
|
5.05% 03/15/2034
|
|
15,000
|
15,381
|
|
5.40% 03/15/2054
|
|
15,000
|
14,559
|
|
5.50% 03/15/2064
|
|
11,000
|
10,661
|
|
Amgen, Inc.
|
|
|
|
|
5.15% 03/02/2028
|
|
2,000
|
2,048
|
|
5.25% 03/02/2030
|
|
3,000
|
3,113
|
|
Gilead Sciences, Inc.
|
|
|
|
|
5.25% 10/15/2033
|
|
4,000
|
4,192
|
|
5.55% 10/15/2053
|
|
3,000
|
2,983
|
|
|
|
|
84,700
|
|
Broadcasting-0.01%
|
|||
|
Paramount Global
|
|
|
|
|
5.85% 09/01/2043
|
|
25,000
|
20,164
|
|
4.95% 05/19/2050
|
|
25,000
|
17,549
|
|
Univision Communications, Inc.,
9.38%, 08/01/2032(b)
|
|
140,000
|
150,798
|
|
|
|
|
188,511
|
|
Broadline Retail-0.12%
|
|||
|
eBay, Inc., 4.25%, 03/06/2029
|
|
828,000
|
831,556
|
|
El Puerto de Liverpool S.A.B. de C.V.
(Mexico), 6.66%, 01/22/2037(b)
|
|
507,000
|
545,756
|
|
MercadoLibre, Inc. (Brazil), 4.90%,
01/15/2033
|
|
1,034,000
|
1,024,952
|
|
|
|
|
2,402,264
|
|
Building Products-0.12%
|
|||
|
Carrier Global Corp., 5.90%,
03/15/2034
|
|
3,000
|
3,211
|
|
|
Principal
Amount
|
Value
|
|
|
Building Products-(continued)
|
|||
|
CRH America Finance, Inc.
|
|
|
|
|
4.40% 02/09/2031
|
$
|
972,000
|
$972,902
|
|
5.00% 02/09/2036
|
|
905,000
|
904,519
|
|
5.60% 02/09/2056(c)
|
|
285,000
|
280,553
|
|
HP Communities LLC
|
|
|
|
|
5.78% 03/15/2046(b)
|
|
150,000
|
143,136
|
|
5.86% 09/15/2053(b)
|
|
100,000
|
88,435
|
|
Lennox International, Inc., 5.50%,
09/15/2028
|
|
6,000
|
6,195
|
|
|
|
|
2,398,951
|
|
Cable & Satellite-0.05%
|
|||
|
CCO Holdings LLC/CCO Holdings
Capital Corp.
|
|
|
|
|
6.38% 09/01/2029(b)
|
|
126,000
|
127,281
|
|
7.38% 03/01/2031(b)
|
|
17,000
|
17,499
|
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
Corp.
|
|
|
|
|
6.65% 02/01/2034
|
|
6,000
|
6,321
|
|
5.85% 12/01/2035(c)
|
|
285,000
|
283,769
|
|
6.70% 12/01/2055(c)
|
|
284,000
|
274,454
|
|
Comcast Corp.
|
|
|
|
|
5.50% 11/15/2032
|
|
3,000
|
3,158
|
|
6.05% 05/15/2055(c)
|
|
218,000
|
216,122
|
|
Cox Communications, Inc., 5.70%,
06/15/2033(b)
|
|
2,000
|
2,019
|
|
|
|
|
930,623
|
|
Cargo Ground Transportation-0.42%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(b)
|
|
1,194,000
|
1,195,566
|
|
4.65% 03/15/2031(b)
|
|
2,603,600
|
2,602,769
|
|
4.95% 03/15/2033(b)
|
|
561,000
|
559,604
|
|
5.25% 03/15/2036(b)
|
|
1,925,000
|
1,908,128
|
|
Penske Truck Leasing Co. L.P./PTL
Finance Corp.
|
|
|
|
|
5.75% 05/24/2026(b)
|
|
2,000
|
2,008
|
|
5.35% 01/12/2027(b)
|
|
6,000
|
6,070
|
|
5.70% 02/01/2028(b)
|
|
3,000
|
3,085
|
|
5.55% 05/01/2028(b)
|
|
2,000
|
2,056
|
|
6.05% 08/01/2028(b)
|
|
4,000
|
4,170
|
|
5.25% 02/01/2030(b)
|
|
166,000
|
171,071
|
|
4.55% 01/15/2031(b)
|
|
986,000
|
984,307
|
|
Ryder System, Inc.
|
|
|
|
|
4.90% 12/01/2029
|
|
63,000
|
64,465
|
|
4.30% 12/01/2030
|
|
1,067,000
|
1,062,297
|
|
|
|
|
8,565,596
|
|
Commercial & Residential Mortgage Finance-0.12%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
6.25% 04/15/2028(b)
|
|
3,000
|
3,117
|
|
6.75% 10/25/2028(b)
|
|
7,000
|
7,422
|
|
4.25% 04/30/2029(b)(c)
|
|
478,000
|
476,389
|
|
4.80% 10/24/2030(b)
|
|
670,000
|
671,918
|
|
Nationwide Building Society (United
Kingdom), 6.56%,
10/18/2027(b)(c)(e)
|
|
434,000
|
441,526
|
|
Radian Group, Inc., 6.20%,
05/15/2029
|
|
9,000
|
9,454
|
|
|
Principal
Amount
|
Value
|
|
|
Commercial & Residential Mortgage Finance-(continued)
|
|||
|
Rocket Cos., Inc.
|
|
|
|
|
6.13% 08/01/2030(b)
|
$
|
229,000
|
$234,588
|
|
6.38% 08/01/2033(b)
|
|
679,000
|
705,285
|
|
|
|
|
2,549,699
|
|
Computer & Electronics Retail-0.01%
|
|||
|
Dell International LLC/EMC Corp.,
5.50%, 04/01/2035(c)
|
|
254,000
|
260,837
|
|
Leidos, Inc., 5.75%, 03/15/2033
|
|
3,000
|
3,167
|
|
|
|
|
264,004
|
|
Construction Machinery & Heavy Transportation Equipment-0.13%
|
|||
|
Caterpillar, Inc., 5.20%, 05/15/2035
|
|
170,000
|
176,048
|
|
Cummins, Inc.
|
|
|
|
|
4.70% 02/15/2031
|
|
420,000
|
428,868
|
|
5.30% 05/09/2035
|
|
204,000
|
210,868
|
|
Komatsu Finance America, Inc.,
4.20%, 09/18/2030(b)
|
|
1,156,000
|
1,149,855
|
|
Westinghouse Air Brake Technologies
Corp.
|
|
|
|
|
4.90% 05/29/2030
|
|
258,000
|
263,729
|
|
5.50% 05/29/2035
|
|
411,000
|
426,945
|
|
|
|
|
2,656,313
|
|
Construction Materials-0.01%
|
|||
|
JH North America Holdings, Inc.
|
|
|
|
|
5.88% 01/31/2031(b)
|
|
181,000
|
184,200
|
|
6.13% 07/31/2032(b)
|
|
103,000
|
105,023
|
|
|
|
|
289,223
|
|
Consumer Electronics-0.18%
|
|||
|
LG Electronics, Inc. (South Korea),
5.63%, 04/24/2029(b)(c)
|
|
554,000
|
576,051
|
|
Sensata Technologies B.V., 4.00%,
04/15/2029(b)
|
|
142,000
|
139,118
|
|
Tyco Electronics Group S.A.
(Switzerland)
|
|
|
|
|
4.50% 02/09/2031
|
|
1,074,000
|
1,084,282
|
|
4.88% 02/09/2036
|
|
1,885,000
|
1,877,218
|
|
|
|
|
3,676,669
|
|
Consumer Finance-0.78%
|
|||
|
American Express Co.
|
|
|
|
|
5.65% 04/23/2027(e)
|
|
23,000
|
23,085
|
|
4.73% 04/25/2029(e)
|
|
137,000
|
139,079
|
|
4.96% (SOFR + 1.26%),
04/25/2029(d)
|
|
425,000
|
430,530
|
|
4.35% 07/20/2029(e)
|
|
834,000
|
839,284
|
|
4.51% (SOFR + 0.81%),
07/20/2029(d)
|
|
1,241,000
|
1,245,563
|
|
5.53% 04/25/2030(e)
|
|
21,000
|
21,871
|
|
5.02% 04/25/2031(e)
|
|
227,000
|
233,056
|
|
4.92% 07/20/2033(e)
|
|
569,000
|
576,575
|
|
5.44% 01/30/2036(e)
|
|
2,000
|
2,065
|
|
5.67% 04/25/2036(e)
|
|
2,000
|
2,096
|
|
4.80% 10/24/2036(e)
|
|
2,293,000
|
2,248,654
|
|
Capital One Financial Corp.
|
|
|
|
|
7.15% 10/29/2027(e)
|
|
2,000
|
2,043
|
|
4.49% 09/11/2031(e)
|
|
622,200
|
618,257
|
|
4.72% 01/30/2032(e)
|
|
2,155,000
|
2,156,117
|
|
5.20% 09/11/2036(c)(e)
|
|
356,000
|
351,184
|
|
5.40% 01/30/2037(e)
|
|
3,317,000
|
3,312,210
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
FirstCash, Inc.
|
|
|
|
|
4.63% 09/01/2028(b)
|
$
|
806,000
|
$800,568
|
|
6.88% 03/01/2032(b)
|
|
549,000
|
571,373
|
|
General Motors Financial Co., Inc.,
5.40%, 04/06/2026
|
|
3,000
|
3,008
|
|
OneMain Finance Corp.
|
|
|
|
|
7.13% 09/15/2032(c)
|
|
587,000
|
608,632
|
|
6.50% 03/15/2033
|
|
1,835,000
|
1,845,898
|
|
Synchrony Financial, 5.02%,
07/29/2029(e)
|
|
91,000
|
92,085
|
|
|
|
|
16,123,233
|
|
Consumer Staples Merchandise Retail-0.00%
|
|||
|
Dollar General Corp., 5.50%,
11/01/2052
|
|
1,000
|
966
|
|
Data Center REITs-0.51%
|
|||
|
QTS, 5.69% (SOFR + 2.00%),
12/10/2030(d)
|
|
10,530,000
|
10,540,610
|
|
Distillers & Vintners-0.02%
|
|||
|
Constellation Brands, Inc.
|
|
|
|
|
4.90% 05/01/2033
|
|
3,000
|
3,015
|
|
4.95% 11/01/2035(c)
|
|
323,000
|
319,258
|
|
|
|
|
322,273
|
|
Distributors-0.01%
|
|||
|
Genuine Parts Co.
|
|
|
|
|
6.50% 11/01/2028
|
|
8,000
|
8,456
|
|
4.95% 08/15/2029
|
|
88,000
|
89,447
|
|
6.88% 11/01/2033
|
|
6,000
|
6,663
|
|
|
|
|
104,566
|
|
Diversified Banks-6.79%
|
|||
|
Africa Finance Corp. (Supranational),
4.38%, 04/17/2026(b)
|
|
280,000
|
279,740
|
|
Australia and New Zealand Banking
Group Ltd. (Australia)
|
|
|
|
|
6.74% 12/08/2032(b)(c)
|
|
617,000
|
681,664
|
|
6.75% (b)(e)(f)
|
|
436,000
|
440,902
|
|
Banco Bilbao Vizcaya Argentaria S.A.
(Spain), 9.38%(e)(f)
|
|
422,000
|
473,389
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
5.55% 03/14/2028(e)
|
|
600,000
|
609,684
|
|
5.08% 11/06/2030
|
|
2,000,000
|
2,002,572
|
|
5.13% 11/06/2035
|
|
1,000,000
|
998,701
|
|
9.63% (c)(e)(f)
|
|
800,000
|
888,471
|
|
9.63% (e)(f)
|
|
400,000
|
482,949
|
|
Bank of America Corp.
|
|
|
|
|
4.76% (SOFR + 1.05%),
02/04/2028(d)
|
|
2,000
|
2,011
|
|
4.95% 07/22/2028(e)
|
|
3,000
|
3,042
|
|
4.53% (SOFR + 0.83%),
01/24/2029(d)
|
|
78,000
|
78,315
|
|
4.98% 01/24/2029(e)
|
|
286,000
|
291,345
|
|
5.20% 04/25/2029(e)
|
|
7,000
|
7,171
|
|
4.62% 05/09/2029(e)
|
|
174,000
|
176,353
|
|
4.71% (SOFR + 1.01%),
01/24/2031(d)
|
|
70,000
|
70,464
|
|
5.16% 01/24/2031(e)
|
|
28,000
|
28,881
|
|
5.43% 08/15/2035(e)
|
|
4,000
|
4,064
|
|
6.63% (c)(e)(f)
|
|
236,000
|
245,356
|
|
Series RR, 4.38% (c)(e)(f)
|
|
770,000
|
766,480
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Bank of Montreal (Canada)
|
|
|
|
|
5.30% 06/05/2026
|
$
|
3,000
|
$3,015
|
|
7.70% 05/26/2084(e)
|
|
553,000
|
588,379
|
|
7.30% 11/26/2084(c)(e)
|
|
465,000
|
496,358
|
|
Bank of New York Mellon (The)
|
|
|
|
|
4.41% (SOFR + 0.71%),
04/20/2027(d)
|
|
655,000
|
655,717
|
|
4.59% 04/20/2027(e)
|
|
666,000
|
666,956
|
|
Bank of New Zealand (New Zealand),
5.70%, 01/28/2035(b)(c)(e)
|
|
760,000
|
784,881
|
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
8.63% 10/27/2082(e)
|
|
453,000
|
479,933
|
|
8.00% 01/27/2084(e)
|
|
531,000
|
568,955
|
|
6.88% 10/27/2085(e)
|
|
1,385,000
|
1,422,856
|
|
Banque Federative du Credit Mutuel
S.A. (France), 4.59%,
10/16/2028(b)
|
|
1,392,000
|
1,408,163
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
5.37% 02/25/2031(e)
|
|
491,000
|
507,031
|
|
6.69% 09/13/2034(e)
|
|
44,000
|
48,624
|
|
5.86% 08/11/2046(c)(e)
|
|
586,000
|
601,631
|
|
BNP Paribas S.A. (France)
|
|
|
|
|
4.79% 05/09/2029(b)(e)
|
|
613,000
|
620,305
|
|
5.24% (SOFR + 1.43%),
05/09/2029(b)(d)
|
|
959,000
|
969,259
|
|
5.09% 05/09/2031(b)(e)
|
|
844,000
|
861,858
|
|
BPCE S.A. (France)
|
|
|
|
|
6.29% 01/14/2036(b)(e)
|
|
62,000
|
66,165
|
|
6.92% 01/14/2046(b)(e)
|
|
479,000
|
512,284
|
|
6.35% 01/13/2047(b)(e)
|
|
1,369,000
|
1,369,356
|
|
Citibank N.A., 4.93%, 08/06/2026
|
|
609,000
|
612,030
|
|
Citigroup, Inc.
|
|
|
|
|
4.95% (SOFR + 1.14%),
05/07/2028(d)
|
|
370,000
|
372,474
|
|
5.17% 02/13/2030(e)
|
|
10,000
|
10,277
|
|
4.54% 09/19/2030(e)
|
|
75,000
|
75,639
|
|
5.27% (SOFR + 1.46%),
05/07/2031(d)
|
|
427,000
|
435,528
|
|
4.50% 09/11/2031(e)
|
|
892,400
|
893,408
|
|
6.17% 05/25/2034(e)
|
|
8,000
|
8,473
|
|
5.83% 02/13/2035(e)
|
|
4,000
|
4,137
|
|
5.41% 09/19/2039(e)
|
|
71,000
|
71,003
|
|
5.61% 03/04/2056(c)(e)
|
|
200,000
|
198,706
|
|
6.63% (e)(f)
|
|
2,871,400
|
2,924,877
|
|
Series AA, 7.63% (e)(f)
|
|
1,638,000
|
1,718,385
|
|
Series BB, 7.20% (e)(f)
|
|
1,392,000
|
1,448,539
|
|
Series DD, 7.00% (c)(e)(f)
|
|
1,902,000
|
1,992,466
|
|
Series Z, 7.38% (c)(e)(f)
|
|
1,324,000
|
1,371,714
|
|
Cooperatieve Rabobank U.A.
(Netherlands)
|
|
|
|
|
3.65% 04/06/2028(b)(e)
|
|
652,000
|
649,432
|
|
3.96% 10/17/2028
|
|
1,578,000
|
1,584,781
|
|
Corporacion Financiera de Desarrollo
S.A. (Peru), 5.95%,
04/30/2029(b)(c)
|
|
915,000
|
952,213
|
|
Credit Agricole S.A. (France)
|
|
|
|
|
5.22% 05/27/2031(b)(c)(e)
|
|
1,013,000
|
1,040,881
|
|
4.82% 09/25/2033(b)(e)
|
|
1,783,000
|
1,778,037
|
|
Federation des caisses Desjardins du
Quebec (Canada), 4.55%,
08/23/2027(b)
|
|
574,000
|
579,745
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Fifth Third Bancorp
|
|
|
|
|
1.71% 11/01/2027(e)
|
$
|
2,000
|
$1,966
|
|
6.34% 07/27/2029(e)
|
|
2,000
|
2,104
|
|
4.77% 07/28/2030(e)
|
|
3,000
|
3,041
|
|
5.63% 01/29/2032(e)
|
|
6,000
|
6,288
|
|
4.57% 04/29/2032(c)(e)
|
|
2,018,000
|
2,016,654
|
|
5.14% 01/29/2037(c)(e)
|
|
2,203,000
|
2,188,718
|
|
Fifth Third Financial Corp., 5.98%,
01/30/2030(e)
|
|
4,000
|
4,182
|
|
Goldman Sachs Bank USA, 5.28%,
03/18/2027(e)
|
|
29,000
|
29,045
|
|
HSBC Holdings PLC (United Kingdom)
|
|
|
|
|
5.60% 05/17/2028(e)
|
|
442,000
|
450,483
|
|
5.21% 08/11/2028(e)
|
|
456,000
|
463,591
|
|
5.29% 11/19/2030(e)
|
|
500,000
|
516,605
|
|
5.13% 03/03/2031(e)
|
|
600,000
|
615,081
|
|
5.24% 05/13/2031(e)
|
|
761,000
|
783,597
|
|
5.38% (SOFR + 1.57%),
05/13/2031(c)(d)
|
|
963,000
|
985,376
|
|
7.40% 11/13/2034(e)
|
|
506,000
|
575,583
|
|
5.79% 05/13/2036(e)
|
|
121,000
|
127,083
|
|
5.74% 09/10/2036(c)(e)
|
|
632,000
|
649,401
|
|
5.13% 11/06/2036(c)(e)
|
|
903,000
|
902,284
|
|
6.33% 03/09/2044(c)(e)
|
|
464,000
|
507,026
|
|
6.88% (e)(f)
|
|
623,000
|
643,983
|
|
7.05% (e)(f)
|
|
1,147,000
|
1,196,314
|
|
ING Groep N.V. (Netherlands), 5.34%,
03/19/2030(e)
|
|
590,000
|
609,256
|
|
JPMorgan Chase & Co.
|
|
|
|
|
5.57% 04/22/2028(e)
|
|
16,000
|
16,305
|
|
4.85% 07/25/2028(e)
|
|
3,000
|
3,037
|
|
4.92% 01/24/2029(e)
|
|
24,000
|
24,439
|
|
5.30% 07/24/2029(e)
|
|
3,000
|
3,089
|
|
6.09% 10/23/2029(e)
|
|
5,000
|
5,256
|
|
5.01% 01/23/2030(e)
|
|
3,000
|
3,077
|
|
5.58% 04/22/2030(e)
|
|
11,000
|
11,463
|
|
5.00% 07/22/2030(e)
|
|
32,000
|
32,852
|
|
4.60% 10/22/2030(e)
|
|
76,000
|
77,112
|
|
5.14% 01/24/2031(e)
|
|
68,000
|
70,176
|
|
5.10% 04/22/2031(c)(e)
|
|
195,000
|
201,172
|
|
4.26% 10/22/2031(e)
|
|
1,319,000
|
1,312,702
|
|
4.35% 01/22/2032(e)
|
|
1,791,000
|
1,786,678
|
|
5.72% 09/14/2033(e)
|
|
3,000
|
3,167
|
|
5.34% 01/23/2035(e)
|
|
1,000
|
1,030
|
|
4.81% 10/22/2036(e)
|
|
1,230,600
|
1,213,625
|
|
4.90% 01/22/2037(c)(e)
|
|
2,111,000
|
2,095,755
|
|
5.53% 11/29/2045(c)(e)
|
|
145,000
|
146,198
|
|
Series NN, 6.88% (e)(f)
|
|
22,000
|
23,251
|
|
Series OO, 6.50% (e)(f)
|
|
92,000
|
95,798
|
|
KeyBank N.A., 5.85%, 11/15/2027
|
|
571,000
|
588,509
|
|
KeyCorp
|
|
|
|
|
2.55% 10/01/2029
|
|
4,000
|
3,790
|
|
5.31% 01/28/2037(e)
|
|
955,000
|
956,456
|
|
Lloyds Banking Group PLC (United
Kingdom)
|
|
|
|
|
4.43% 11/04/2031(e)
|
|
1,043,000
|
1,039,984
|
|
4.94% 11/04/2036(c)(e)
|
|
1,406,000
|
1,385,228
|
|
6.63% (e)(f)
|
|
815,000
|
808,936
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
3.92% 02/03/2028(b)
|
$
|
2,678,000
|
$2,683,569
|
|
4.19% (SOFR + 0.48%),
02/03/2028(b)(d)
|
|
2,382,000
|
2,384,059
|
|
Manufacturers & Traders Trust Co.,
4.70%, 01/27/2028
|
|
548,000
|
555,780
|
|
Mitsubishi UFJ Financial Group, Inc.
(Japan)
|
|
|
|
|
5.02% 07/20/2028(e)
|
|
479,000
|
486,247
|
|
5.26% 04/17/2030(e)
|
|
553,000
|
570,354
|
|
5.16% 04/24/2031(e)
|
|
459,000
|
472,582
|
|
5.18% (SOFR + 1.48%),
04/24/2031(d)
|
|
482,000
|
492,879
|
|
4.53% 09/12/2031(e)
|
|
954,000
|
958,062
|
|
5.41% 04/19/2034(e)
|
|
50,000
|
52,068
|
|
5.43% 04/17/2035(e)
|
|
63,000
|
65,206
|
|
5.57% 01/16/2036(e)
|
|
65,000
|
67,759
|
|
5.62% 04/24/2036(e)
|
|
188,000
|
196,484
|
|
5.19% 09/12/2036(c)(e)
|
|
835,000
|
845,097
|
|
6.35% (e)(f)
|
|
2,944,000
|
3,016,116
|
|
8.20% (e)(f)
|
|
1,378,000
|
1,513,014
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
5.78% 07/06/2029(e)
|
|
570,000
|
592,460
|
|
5.38% 07/10/2030(c)(e)
|
|
499,000
|
516,652
|
|
4.71% 07/08/2031(e)
|
|
924,000
|
935,541
|
|
4.95% (SOFR + 1.25%),
07/08/2031(c)(d)
|
|
951,000
|
965,719
|
|
5.59% 07/10/2035(e)
|
|
458,000
|
478,011
|
|
5.32% 07/08/2036(c)(e)
|
|
715,000
|
733,025
|
|
Morgan Stanley Bank N.A.
|
|
|
|
|
4.75% 04/21/2026(c)
|
|
548,000
|
548,608
|
|
5.02% 01/12/2029(e)
|
|
730,000
|
743,824
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.47% 07/06/2028(c)(e)
|
|
1,283,000
|
1,291,417
|
|
4.21% 02/08/2030(e)
|
|
2,739,000
|
2,740,428
|
|
4.48% (SOFR + 0.77%),
02/08/2030(d)
|
|
6,080,000
|
6,082,709
|
|
4.73% 07/18/2031(e)
|
|
1,058,000
|
1,072,136
|
|
National Australia Bank Ltd.
(Australia), 5.90%,
01/14/2036(b)(e)
|
|
67,000
|
70,348
|
|
National Securities Clearing Corp.
|
|
|
|
|
5.10% 11/21/2027(b)
|
|
596,000
|
609,744
|
|
5.00% 05/30/2028(b)
|
|
560,000
|
573,081
|
|
Nordea Bank Abp (Finland)
|
|
|
|
|
4.25% 08/28/2030(b)
|
|
1,628,000
|
1,629,204
|
|
6.30% (b)(c)(e)(f)
|
|
620,000
|
635,921
|
|
6.75% (b)(c)(e)(f)
|
|
707,000
|
726,727
|
|
Norinchukin Bank (The) (Japan),
5.09%, 10/16/2029(b)
|
|
623,000
|
637,733
|
|
Pinnacle Bank
|
|
|
|
|
5.63% 02/15/2028
|
|
730,000
|
745,264
|
|
5.96% 01/15/2036(e)
|
|
843,400
|
850,254
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
PNC Financial Services Group, Inc.
(The)
|
|
|
|
|
6.62% 10/20/2027(e)
|
$
|
7,000
|
$7,130
|
|
4.08% 01/26/2029(c)(e)
|
|
1,309,000
|
1,311,152
|
|
4.32% (SOFR + 0.62%),
01/26/2029(d)
|
|
2,161,000
|
2,164,853
|
|
5.58% 06/12/2029(e)
|
|
4,000
|
4,141
|
|
4.90% 05/13/2031(e)
|
|
329,000
|
336,065
|
|
5.37% 07/21/2036(e)
|
|
224,000
|
229,436
|
|
5.42% 01/25/2041(e)
|
|
1,214,000
|
1,213,335
|
|
Series V, 6.20% (e)(f)
|
|
6,000
|
6,096
|
|
Series W, 6.25% (e)(f)
|
|
7,000
|
7,236
|
|
Royal Bank of Canada (Canada)
|
|
|
|
|
4.41% (SOFR + 0.71%),
01/21/2027(d)
|
|
2,000
|
2,008
|
|
4.95% 02/01/2029
|
|
2,000
|
2,055
|
|
7.50% 05/02/2084(e)
|
|
448,000
|
471,963
|
|
6.50% 11/24/2085(e)
|
|
791,000
|
787,512
|
|
6.50% 05/24/2086(c)(e)
|
|
5,957,000
|
5,955,553
|
|
Standard Chartered PLC (United
Kingdom)
|
|
|
|
|
6.19% 07/06/2027(b)(e)
|
|
523,000
|
527,621
|
|
6.75% 02/08/2028(b)(c)(e)
|
|
448,000
|
459,827
|
|
7.02% 02/08/2030(b)(e)
|
|
525,000
|
564,993
|
|
5.01% 10/15/2030(b)(c)(e)
|
|
585,000
|
597,506
|
|
5.24% 05/13/2031(b)(c)(e)
|
|
543,000
|
559,403
|
|
5.48% (SOFR + 1.68%),
05/13/2031(b)(d)
|
|
659,000
|
676,379
|
|
2.68% 06/29/2032(b)(e)
|
|
810,000
|
733,077
|
|
7.75% (b)(e)(f)
|
|
557,000
|
580,523
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan), 6.60%(c)(e)(f)
|
|
1,172,000
|
1,211,186
|
|
Sumitomo Mitsui Trust Bank Ltd.
(Japan)
|
|
|
|
|
5.65% 03/09/2026(b)
|
|
555,000
|
556,101
|
|
5.65% 09/14/2026(b)
|
|
558,000
|
563,811
|
|
5.55% 09/14/2028(b)(c)
|
|
487,000
|
505,546
|
|
5.20% 03/07/2029(b)
|
|
560,000
|
577,134
|
|
4.35% 09/11/2030(b)(c)
|
|
828,000
|
830,540
|
|
5.35% 03/07/2034(b)
|
|
67,000
|
69,387
|
|
Sumitomo Mitsui Trust Group, Inc.
(Japan), 5.42%,
09/11/2036(b)(c)(e)
|
|
690,000
|
693,056
|
|
Toronto-Dominion Bank (The)
(Canada)
|
|
|
|
|
4.93% 10/15/2035
|
|
518,000
|
516,843
|
|
8.13% 10/31/2082(e)
|
|
501,000
|
525,160
|
|
Truist Bank, 4.47% (SOFR + 0.77%),
07/24/2028(d)
|
|
1,794,000
|
1,800,090
|
|
U.S. Bancorp
|
|
|
|
|
5.78% 06/12/2029(e)
|
|
568,000
|
589,757
|
|
5.38% 01/23/2030(e)
|
|
10,000
|
10,352
|
|
4.48% 01/26/2032(e)
|
|
2,298,000
|
2,303,521
|
|
UBS AG (Switzerland)
|
|
|
|
|
4.29% (SOFR + 0.50%),
05/17/2027(c)(d)
|
|
2,449,000
|
2,452,572
|
|
5.65% 09/11/2028
|
|
474,000
|
494,785
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Wells Fargo & Co.
|
|
|
|
|
5.71% 04/22/2028(e)
|
$
|
13,000
|
$13,263
|
|
4.81% 07/25/2028(e)
|
|
3,000
|
3,035
|
|
5.07% (SOFR + 1.37%),
04/23/2029(d)
|
|
205,000
|
208,469
|
|
5.57% 07/25/2029(e)
|
|
6,000
|
6,209
|
|
6.30% 10/23/2029(e)
|
|
7,000
|
7,394
|
|
4.18% 01/23/2030(c)(e)
|
|
910,000
|
910,891
|
|
5.20% 01/23/2030(e)
|
|
8,000
|
8,239
|
|
5.15% 04/23/2031(e)
|
|
186,000
|
191,572
|
|
5.39% 04/24/2034(e)
|
|
1,000
|
1,035
|
|
5.56% 07/25/2034(e)
|
|
3,000
|
3,127
|
|
5.50% 01/23/2035(e)
|
|
2,000
|
2,076
|
|
4.96% 01/23/2037(c)(e)
|
|
1,992,000
|
1,976,501
|
|
5.43% 01/23/2047(e)
|
|
2,809,000
|
2,754,783
|
|
6.85% (e)(f)
|
|
38,000
|
39,765
|
|
7.63% (e)(f)
|
|
6,000
|
6,394
|
|
Series BB, 3.90% (e)(f)
|
|
175,000
|
174,895
|
|
Westpac Banking Corp. (Australia)
|
|
|
|
|
6.82% 11/17/2033
|
|
6,000
|
6,710
|
|
5.62% 11/20/2035(e)
|
|
3,000
|
3,095
|
|
|
|
|
139,826,011
|
|
Diversified Capital Markets-0.45%
|
|||
|
Credit Suisse Group AG (Switzerland)
|
|
|
|
|
4.50% (b)(e)(f)(g)(h)
|
|
332,000
|
94,537
|
|
5.25% (b)(e)(f)(g)(h)
|
|
271,000
|
77,167
|
|
Deutsche Bank AG (Germany), 4.47%,
12/10/2031(c)(e)
|
|
1,111,800
|
1,110,803
|
|
UBS Group AG (Switzerland)
|
|
|
|
|
5.43% 02/08/2030(b)(e)
|
|
527,000
|
544,710
|
|
4.40% 09/23/2031(b)(e)
|
|
1,220,000
|
1,214,189
|
|
5.01% 03/23/2037(b)(e)
|
|
761,000
|
752,118
|
|
5.53% 05/06/2047(b)(c)(e)
|
|
2,127,000
|
2,106,190
|
|
6.60% (b)(e)(f)
|
|
881,000
|
890,739
|
|
7.00% (b)(c)(e)(f)
|
|
671,000
|
682,447
|
|
7.13% (b)(e)(f)
|
|
567,000
|
581,266
|
|
Series 28, 9.25% (b)(e)(f)
|
|
584,000
|
637,922
|
|
Series 33, 9.25% (b)(e)(f)
|
|
521,000
|
609,598
|
|
|
|
|
9,301,686
|
|
Diversified Financial Services-2.21%
|
|||
|
AerCap Ireland Capital DAC/AerCap
Global Aviation Trust (Ireland)
|
|
|
|
|
5.10% 01/19/2029
|
|
429,000
|
439,156
|
|
4.38% 11/15/2030
|
|
1,382,000
|
1,376,186
|
|
6.50% 01/31/2056(e)
|
|
514,000
|
528,765
|
|
Aircastle Ltd./Aircastle Ireland DAC,
5.00%, 09/15/2030(b)
|
|
701,000
|
710,605
|
|
AMC East Communities LLC, 6.01%,
01/15/2053(b)
|
|
177,649
|
164,031
|
|
Amrize Finance US LLC
|
|
|
|
|
4.60% 04/07/2027
|
|
145,000
|
146,069
|
|
4.70% 04/07/2028
|
|
125,000
|
126,789
|
|
4.95% 04/07/2030
|
|
68,000
|
69,638
|
|
Apollo Global Management, Inc.
|
|
|
|
|
6.38% 11/15/2033
|
|
5,000
|
5,482
|
|
5.15% 08/12/2035(c)
|
|
298,000
|
296,882
|
|
Atlas Warehouse Lending Co. L.P.
|
|
|
|
|
4.63% 11/15/2028(b)
|
|
1,457,400
|
1,464,250
|
|
5.25% 01/15/2033(b)
|
|
1,292,300
|
1,294,580
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-(continued)
|
|||
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
4.95% 01/15/2028(b)
|
$
|
103,000
|
$104,293
|
|
6.38% 05/04/2028(b)
|
|
7,000
|
7,287
|
|
4.70% 01/30/2031(b)
|
|
2,289,800
|
2,278,105
|
|
4.95% 10/15/2032(b)
|
|
1,526,000
|
1,514,513
|
|
BlackRock Funding, Inc., 4.90%,
01/08/2035
|
|
7,000
|
7,134
|
|
Blackstone Reg Finance Co. L.L.C.
|
|
|
|
|
4.30% 11/03/2030(c)
|
|
551,000
|
549,030
|
|
4.95% 02/15/2036
|
|
344,000
|
340,398
|
|
Citadel Securities Global Holdings LLC
|
|
|
|
|
5.50% 06/18/2030(b)
|
|
750,000
|
770,968
|
|
6.20% 06/18/2035(b)
|
|
586,000
|
616,296
|
|
Corebridge Financial, Inc.
|
|
|
|
|
6.05% 09/15/2033
|
|
2,000
|
2,138
|
|
5.75% 01/15/2034
|
|
4,000
|
4,180
|
|
Eagle Funding LuxCo S.a.r.l. (Mexico),
5.50%, 08/17/2030(b)
|
|
15,315,000
|
15,576,427
|
|
Gabon Blue Bond Master Trust
(Gabon), Series 2, 6.10%,
08/01/2038(b)
|
|
1,270,000
|
1,297,555
|
|
Horizon Mutual Holdings, Inc., 6.20%,
11/15/2034(b)
|
|
386,000
|
376,752
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
4.50% 11/15/2029(b)
|
|
1,819,000
|
1,793,518
|
|
7.13% 04/30/2031(b)
|
|
417,000
|
438,677
|
|
6.13% 11/01/2032(b)
|
|
1,796,000
|
1,830,226
|
|
6.75% 05/01/2033(b)
|
|
3,295,000
|
3,428,806
|
|
LPL Holdings, Inc.
|
|
|
|
|
5.70% 05/20/2027
|
|
18,000
|
18,339
|
|
5.15% 06/15/2030
|
|
113,000
|
115,309
|
|
5.65% 03/15/2035
|
|
2,000
|
2,039
|
|
Mid-Atlantic Military Family
Communities LLC, 5.30%,
08/01/2050(b)
|
|
208,920
|
173,912
|
|
Pacific Beacon LLC
|
|
|
|
|
5.38% 07/15/2026(b)
|
|
7,145
|
7,182
|
|
5.51% 07/15/2036(b)
|
|
500,000
|
495,099
|
|
Pershing Square Holdings Ltd.
|
|
|
|
|
3.25% 10/01/2031(b)
|
|
2,300,000
|
2,073,296
|
|
5.50% 10/28/2032(b)
|
|
3,138,000
|
3,142,149
|
|
Voya Global Funding, 4.60%,
11/24/2030(b)(c)
|
|
1,201,600
|
1,209,331
|
|
Wynnton Funding Trust II, 5.99%,
08/15/2055(b)
|
|
670,000
|
677,936
|
|
|
|
|
45,473,328
|
|
Diversified Metals & Mining-0.36%
|
|||
|
BHP Billiton Finance (USA) Ltd.
(Australia)
|
|
|
|
|
5.10% 09/08/2028
|
|
7,000
|
7,200
|
|
5.25% 09/08/2030
|
|
7,000
|
7,290
|
|
5.25% 09/08/2033
|
|
6,000
|
6,210
|
|
5.75% 09/05/2055
|
|
263,000
|
269,373
|
|
Corp. Nacional del Cobre de Chile
(Chile), 5.53%, 01/30/2037(b)(c)
|
|
3,100,000
|
3,119,375
|
|
Corporacion Nacional del Cobre de
Chile (Chile), 5.13%,
02/02/2033(b)
|
|
674,000
|
679,600
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Metals & Mining-(continued)
|
|||
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.76% (SOFR + 1.06%),
04/04/2027(b)(d)
|
$
|
47,000
|
$47,231
|
|
4.91% 04/01/2028(b)
|
|
134,000
|
136,439
|
|
5.37% 04/04/2029(b)
|
|
12,000
|
12,418
|
|
5.19% 04/01/2030(b)
|
|
103,000
|
106,076
|
|
5.63% 04/04/2034(b)
|
|
6,000
|
6,285
|
|
5.89% 04/04/2054(b)
|
|
5,000
|
5,085
|
|
6.14% 04/01/2055(b)
|
|
52,000
|
54,528
|
|
Hudbay Minerals, Inc. (Canada),
6.13%, 04/01/2029(b)
|
|
806,000
|
814,017
|
|
Rio Tinto Finance (USA) PLC
(Australia)
|
|
|
|
|
4.38% 03/12/2027
|
|
86,000
|
86,629
|
|
4.50% 03/14/2028
|
|
31,000
|
31,388
|
|
4.88% 03/14/2030
|
|
103,000
|
105,641
|
|
5.00% 03/14/2032
|
|
103,000
|
106,052
|
|
5.75% 03/14/2055
|
|
12,000
|
12,236
|
|
5.88% 03/14/2065
|
|
27,000
|
27,721
|
|
Windfall Mining Group, Inc./Groupe
Minier Windfall, Inc. (South Africa),
5.85%, 05/13/2032(b)
|
|
1,666,000
|
1,740,675
|
|
|
|
|
7,381,469
|
|
Diversified REITs-0.01%
|
|||
|
ERP Operating L.P., 4.95%,
06/15/2032
|
|
88,000
|
90,189
|
|
Fort Moore Family Communities LLC,
5.81%, 01/15/2051(b)
|
|
200,000
|
171,562
|
|
VICI Properties L.P.
|
|
|
|
|
5.75% 04/01/2034
|
|
4,000
|
4,129
|
|
6.13% 04/01/2054
|
|
3,000
|
3,008
|
|
|
|
|
268,888
|
|
Diversified Support Services-0.19%
|
|||
|
Amazon Conservation DAC (Ecuador),
6.03%, 01/16/2042(b)
|
|
3,415,000
|
3,522,231
|
|
Element Fleet Management Corp.
(Canada)
|
|
|
|
|
6.32% 12/04/2028(b)
|
|
9,000
|
9,488
|
|
5.04% 03/25/2030(b)
|
|
185,000
|
189,089
|
|
RB Global Holdings, Inc. (Canada)
|
|
|
|
|
6.75% 03/15/2028(b)
|
|
53,000
|
54,051
|
|
7.75% 03/15/2031(b)
|
|
98,000
|
102,276
|
|
|
|
|
3,877,135
|
|
Drug Retail-0.18%
|
|||
|
CK Hutchison International (23) Ltd.
(United Kingdom), 4.88%,
04/21/2033(b)
|
|
554,000
|
561,986
|
|
Teva Pharmaceutical Finance
Netherlands IV B.V. (Israel), 5.75%,
12/01/2030
|
|
2,952,000
|
3,058,792
|
|
|
|
|
3,620,778
|
|
Electric Utilities-2.27%
|
|||
|
AEP Texas, Inc., 5.70%, 05/15/2034
|
|
117,000
|
122,222
|
|
AEP Transmission Co. LLC, 5.38%,
06/15/2035
|
|
36,000
|
37,041
|
|
Alabama Power Co.
|
|
|
|
|
5.85% 11/15/2033
|
|
3,000
|
3,212
|
|
Series C, 4.30% 03/15/2031
|
|
714,000
|
714,907
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Alexander Funding Trust II, 7.47%,
07/31/2028(b)
|
$
|
250,000
|
$266,273
|
|
American Electric Power Co., Inc.
|
|
|
|
|
5.75% 11/01/2027
|
|
3,000
|
3,089
|
|
5.20% 01/15/2029
|
|
6,000
|
6,185
|
|
Series C, 5.80% 03/15/2056(e)
|
|
2,569,400
|
2,570,464
|
|
Series D, 6.05% 03/15/2056(e)
|
|
273,000
|
271,191
|
|
Arizona Public Service Co., 5.90%,
08/15/2055(c)
|
|
738,600
|
752,451
|
|
Baltimore Gas and Electric Co.,
5.45%, 06/01/2035
|
|
87,000
|
90,116
|
|
Capital Power (US Holdings), Inc.
(Canada)
|
|
|
|
|
5.26% 06/01/2028(b)
|
|
60,000
|
61,211
|
|
6.19% 06/01/2035(b)
|
|
118,000
|
123,704
|
|
CenterPoint Energy Houston
Electric LLC
|
|
|
|
|
4.80% 03/15/2030
|
|
58,000
|
59,372
|
|
5.05% 03/01/2035
|
|
43,000
|
43,457
|
|
Series AJ, 4.85% 10/01/2052
|
|
2,000
|
1,790
|
|
Consolidated Edison Co. of New York,
Inc.
|
|
|
|
|
5.50% 03/15/2034
|
|
3,000
|
3,147
|
|
5.90% 11/15/2053
|
|
2,000
|
2,039
|
|
5.75% 11/15/2055
|
|
624,500
|
624,436
|
|
Constellation Energy Generation LLC
|
|
|
|
|
3.90% 01/08/2028(c)
|
|
1,380,000
|
1,378,857
|
|
6.13% 01/15/2034
|
|
3,000
|
3,240
|
|
6.50% 10/01/2053
|
|
2,000
|
2,166
|
|
5.75% 03/15/2054
|
|
5,000
|
4,936
|
|
5.88% 01/15/2066
|
|
500,000
|
488,150
|
|
Duke Energy Carolinas LLC
|
|
|
|
|
4.85% 03/15/2030
|
|
16,000
|
16,468
|
|
5.25% 03/15/2035
|
|
77,000
|
79,387
|
|
5.35% 01/15/2053
|
|
1,000
|
960
|
|
Duke Energy Corp.
|
|
|
|
|
4.85% 01/05/2029
|
|
8,000
|
8,173
|
|
5.00% 08/15/2052
|
|
2,000
|
1,761
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
679,200
|
677,978
|
|
Duke Energy Indiana LLC, 5.40%,
04/01/2053
|
|
2,000
|
1,908
|
|
Electricite de France S.A. (France)
|
|
|
|
|
5.70% 05/23/2028(b)
|
|
336,000
|
347,510
|
|
6.38% 01/13/2055(b)
|
|
2,395,000
|
2,493,695
|
|
9.13% (b)(e)(f)
|
|
685,000
|
811,154
|
|
Entergy Corp.
|
|
|
|
|
7.13% 12/01/2054(e)
|
|
16,000
|
16,760
|
|
5.88% 06/15/2056(e)
|
|
3,124,000
|
3,128,166
|
|
Entergy Louisiana LLC, 5.15%,
09/15/2034
|
|
16,000
|
16,337
|
|
Entergy Texas, Inc., 5.25%,
04/15/2035
|
|
62,000
|
63,364
|
|
Evergy Metro, Inc.
|
|
|
|
|
4.95% 04/15/2033
|
|
4,000
|
4,073
|
|
5.13% 08/15/2035
|
|
286,000
|
288,994
|
|
Evergy Missouri West, Inc., 5.25%,
12/15/2035(b)
|
|
580,000
|
582,683
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Exelon Corp.
|
|
|
|
|
5.15% 03/15/2029
|
$
|
8,000
|
$8,234
|
|
5.13% 03/15/2031
|
|
147,000
|
152,016
|
|
5.45% 03/15/2034
|
|
6,000
|
6,230
|
|
5.60% 03/15/2053
|
|
9,000
|
8,721
|
|
5.88% 03/15/2055
|
|
106,000
|
106,252
|
|
FirstEnergy Pennsylvania Electric Co.,
5.20%, 04/01/2028(b)
|
|
2,000
|
2,044
|
|
FirstEnergy Transmission LLC
|
|
|
|
|
4.55% 01/15/2030
|
|
45,000
|
45,278
|
|
5.00% 01/15/2035
|
|
15,000
|
15,027
|
|
Florida Power & Light Co.
|
|
|
|
|
4.80% 05/15/2033
|
|
3,000
|
3,048
|
|
4.70% 02/15/2036
|
|
1,070,000
|
1,057,948
|
|
5.60% 02/15/2066
|
|
1,282,500
|
1,261,189
|
|
Georgia Power Co., 4.95%,
05/17/2033
|
|
3,000
|
3,064
|
|
Hawaiian Electric Co., Inc., 6.00%,
10/01/2033(b)
|
|
435,000
|
441,821
|
|
Louisville Gas and Electric Co., 5.85%,
08/15/2055
|
|
128,000
|
129,822
|
|
MidAmerican Energy Co.
|
|
|
|
|
5.35% 01/15/2034
|
|
3,000
|
3,128
|
|
5.85% 09/15/2054
|
|
2,000
|
2,053
|
|
5.30% 02/01/2055
|
|
12,000
|
11,414
|
|
National Rural Utilities Cooperative
Finance Corp.
|
|
|
|
|
4.85% 02/07/2029
|
|
32,000
|
32,762
|
|
5.00% 02/07/2031
|
|
8,000
|
8,275
|
|
5.80% 01/15/2033
|
|
3,000
|
3,214
|
|
5.00% 08/15/2034
|
|
69,000
|
70,299
|
|
5.75% 04/20/2056(h)
|
|
3,880,000
|
3,880,000
|
|
5.95% 04/20/2056(h)
|
|
4,537,000
|
4,537,000
|
|
Series D, 4.15% 08/25/2028
|
|
581,000
|
583,969
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
|
4.90% 03/15/2029
|
|
16,000
|
16,396
|
|
5.05% 03/15/2030
|
|
78,000
|
80,451
|
|
5.45% 03/15/2035(c)
|
|
166,000
|
171,115
|
|
Niagara Mohawk Power Corp.
|
|
|
|
|
4.65% 10/03/2030(b)
|
|
771,000
|
776,575
|
|
5.29% 01/17/2034(b)
|
|
5,000
|
5,087
|
|
6.00% 07/03/2055(b)
|
|
527,000
|
531,580
|
|
Northern States Power Co., 5.65%,
05/15/2055
|
|
143,000
|
142,993
|
|
NRG Energy, Inc.
|
|
|
|
|
4.73% 10/15/2030(b)
|
|
1,381,000
|
1,381,581
|
|
5.75% 01/15/2034(b)
|
|
1,142,000
|
1,150,110
|
|
5.41% 10/15/2035(b)
|
|
749,000
|
745,999
|
|
6.00% 01/15/2036(b)
|
|
1,264,000
|
1,277,786
|
|
Oglethorpe Power Corp., 5.90%,
02/01/2055
|
|
5,000
|
4,982
|
|
Ohio Power Co., 5.65%, 06/01/2034
|
|
8,000
|
8,334
|
|
Oklahoma Gas and Electric Co.,
5.60%, 04/01/2053
|
|
60,000
|
59,143
|
|
Oncor Electric Delivery Co. LLC
|
|
|
|
|
4.50% 03/20/2027(b)
|
|
109,000
|
109,898
|
|
4.65% 11/01/2029
|
|
118,000
|
120,114
|
|
5.65% 11/15/2033
|
|
4,000
|
4,236
|
|
5.80% 04/01/2055(b)
|
|
236,000
|
237,218
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
PacifiCorp
|
|
|
|
|
5.10% 02/15/2029
|
$
|
8,000
|
$8,189
|
|
5.30% 02/15/2031
|
|
8,000
|
8,235
|
|
5.45% 02/15/2034
|
|
7,000
|
7,108
|
|
5.80% 01/15/2055
|
|
4,000
|
3,770
|
|
PPL Capital Funding, Inc.
|
|
|
|
|
5.25% 09/01/2034
|
|
7,000
|
7,148
|
|
Conv., 3.00% 12/01/2030(b)
|
|
1,872,000
|
1,896,659
|
|
PPL Electric Utilities Corp., 5.55%,
08/15/2055
|
|
157,000
|
155,442
|
|
Public Service Co. of Colorado,
5.25%, 04/01/2053
|
|
1,000
|
930
|
|
RWE Finance US LLC (Germany),
5.88%, 09/18/2055(b)
|
|
618,000
|
608,172
|
|
San Diego Gas & Electric Co.
|
|
|
|
|
5.35% 04/01/2053
|
|
6,000
|
5,660
|
|
5.55% 04/15/2054
|
|
27,000
|
26,254
|
|
Sierra Pacific Power Co., 5.90%,
03/15/2054
|
|
2,000
|
2,020
|
|
Southern Co. (The)
|
|
|
|
|
5.70% 10/15/2032
|
|
2,000
|
2,120
|
|
4.85% 03/15/2035
|
|
32,000
|
31,586
|
|
Southwestern Electric Power Co.,
5.30%, 04/01/2033
|
|
2,000
|
2,050
|
|
Trans-Allegheny Interstate Line Co.,
5.00%, 01/15/2031(b)
|
|
9,000
|
9,255
|
|
Union Electric Co.
|
|
|
|
|
5.20% 04/01/2034
|
|
11,000
|
11,313
|
|
5.25% 04/15/2035
|
|
53,000
|
54,535
|
|
5.13% 03/15/2055
|
|
31,000
|
28,617
|
|
Virginia Electric and Power Co.
|
|
|
|
|
5.00% 04/01/2033
|
|
3,000
|
3,059
|
|
Series C, 4.90% 09/15/2035
|
|
756,000
|
751,755
|
|
Series D, 5.60% 09/15/2055(c)
|
|
1,037,000
|
1,009,775
|
|
Vistra Operations Co. LLC
|
|
|
|
|
5.05% 12/30/2026(b)
|
|
58,000
|
58,552
|
|
5.63% 02/15/2027(b)
|
|
2,098,000
|
2,100,482
|
|
4.60% 10/15/2030(b)
|
|
671,000
|
669,230
|
|
4.70% 01/31/2031(b)
|
|
1,643,000
|
1,641,470
|
|
7.75% 10/15/2031(b)
|
|
465,000
|
492,245
|
|
6.88% 04/15/2032(b)
|
|
250,000
|
262,813
|
|
6.95% 10/15/2033(b)
|
|
3,000
|
3,328
|
|
6.00% 04/15/2034(b)
|
|
7,000
|
7,347
|
|
5.70% 12/30/2034(b)
|
|
93,000
|
95,401
|
|
5.35% 01/31/2036(b)
|
|
1,183,500
|
1,177,689
|
|
Wisconsin Electric Power Co., 4.15%,
10/15/2030
|
|
270,000
|
269,204
|
|
Xcel Energy, Inc., 4.75%,
03/21/2028
|
|
35,000
|
35,513
|
|
|
|
|
46,816,359
|
|
Electrical Components & Equipment-0.07%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
1,426,000
|
1,416,757
|
|
Regal Rexnord Corp.
|
|
|
|
|
6.30% 02/15/2030
|
|
3,000
|
3,181
|
|
6.40% 04/15/2033
|
|
4,000
|
4,276
|
|
|
|
|
1,424,214
|
|
|
Principal
Amount
|
Value
|
|
|
Electronic Components-0.16%
|
|||
|
Amphenol Corp.
|
|
|
|
|
3.90% 11/15/2028
|
$
|
733,000
|
$732,970
|
|
4.13% 11/15/2030
|
|
1,356,000
|
1,347,967
|
|
4.40% 02/15/2033
|
|
1,237,000
|
1,223,171
|
|
5.00% 01/15/2035
|
|
33,000
|
33,466
|
|
5.38% 11/15/2054
|
|
19,000
|
18,506
|
|
|
|
|
3,356,080
|
|
Electronic Equipment & Instruments-0.01%
|
|||
|
Keysight Technologies, Inc., 5.35%,
07/30/2030
|
|
138,000
|
143,587
|
|
Electronic Manufacturing Services-0.05%
|
|||
|
EMRLD Borrower L.P./Emerald
Co-Issuer, Inc., 6.63%,
12/15/2030(b)
|
|
173,000
|
179,284
|
|
Jabil, Inc., 4.75%, 02/01/2033
|
|
863,000
|
850,320
|
|
|
|
|
1,029,604
|
|
Environmental & Facilities Services-0.01%
|
|||
|
Republic Services, Inc.
|
|
|
|
|
4.88% 04/01/2029
|
|
9,000
|
9,228
|
|
5.00% 12/15/2033
|
|
3,000
|
3,086
|
|
5.00% 04/01/2034
|
|
3,000
|
3,066
|
|
Veralto Corp.
|
|
|
|
|
5.50% 09/18/2026
|
|
16,000
|
16,147
|
|
5.35% 09/18/2028
|
|
6,000
|
6,192
|
|
Waste Management, Inc., 5.35%,
10/15/2054(c)
|
|
99,000
|
96,509
|
|
|
|
|
134,228
|
|
Fertilizers & Agricultural Chemicals-0.13%
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
|
1,428,000
|
1,432,815
|
|
4.60% 11/15/2030
|
|
1,318,000
|
1,322,134
|
|
|
|
|
2,754,949
|
|
Financial Exchanges & Data-0.15%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
854,000
|
854,670
|
|
4.20% 03/15/2031(c)
|
|
1,888,000
|
1,884,971
|
|
4.95% 06/15/2052
|
|
1,000
|
912
|
|
5.20% 06/15/2062
|
|
2,000
|
1,842
|
|
MSCI, Inc., 5.25%, 09/01/2035
|
|
264,000
|
265,010
|
|
Nasdaq, Inc.
|
|
|
|
|
5.35% 06/28/2028
|
|
3,000
|
3,091
|
|
5.55% 02/15/2034
|
|
3,000
|
3,137
|
|
5.95% 08/15/2053
|
|
2,000
|
2,072
|
|
6.10% 06/28/2063
|
|
2,000
|
2,082
|
|
|
|
|
3,017,787
|
|
Food Distributors-0.09%
|
|||
|
Bunge Ltd. Finance Corp.
|
|
|
|
|
4.55% 08/04/2030
|
|
1,339,000
|
1,349,836
|
|
5.15% 08/04/2035
|
|
348,000
|
353,220
|
|
Sysco Corp., 5.10%, 09/23/2030
|
|
51,000
|
52,645
|
|
|
|
|
1,755,701
|
|
Food Retail-0.11%
|
|||
|
Alimentation Couche-Tard, Inc.
(Canada)
|
|
|
|
|
4.15% 09/29/2028(b)
|
|
1,578,000
|
1,580,250
|
|
5.08% 09/29/2035(b)(c)
|
|
649,000
|
650,698
|
|
|
Principal
Amount
|
Value
|
|
|
Food Retail-(continued)
|
|||
|
Kroger Co. (The)
|
|
|
|
|
5.00% 09/15/2034
|
$
|
40,000
|
$40,051
|
|
5.65% 09/15/2064
|
|
78,000
|
74,305
|
|
|
|
|
2,345,304
|
|
Forest Products-0.03%
|
|||
|
Georgia-Pacific LLC, 4.95%,
06/30/2032(b)(c)
|
|
151,000
|
155,405
|
|
Suzano Netherlands B.V. (Brazil),
5.50%, 01/15/2036
|
|
564,000
|
561,905
|
|
|
|
|
717,310
|
|
Gas Utilities-0.09%
|
|||
|
Atmos Energy Corp.
|
|
|
|
|
5.90% 11/15/2033
|
|
2,000
|
2,162
|
|
5.20% 08/15/2035(c)
|
|
372,000
|
383,096
|
|
6.20% 11/15/2053
|
|
1,000
|
1,080
|
|
Piedmont Natural Gas Co., Inc.,
5.40%, 06/15/2033
|
|
2,000
|
2,080
|
|
Snam S.p.A. (Italy)
|
|
|
|
|
5.75% 05/28/2035(b)
|
|
623,000
|
651,330
|
|
6.50% 05/28/2055(b)
|
|
677,000
|
730,262
|
|
Southern Natural Gas Co. L.L.C.,
5.45%, 08/01/2035(b)
|
|
169,000
|
172,255
|
|
Southwest Gas Corp., 5.45%,
03/23/2028
|
|
2,000
|
2,053
|
|
|
|
|
1,944,318
|
|
Gold-0.06%
|
|||
|
Fortitude Global Funding, 4.63%,
10/06/2028(b)
|
|
1,061,000
|
1,063,432
|
|
New Gold, Inc. (Canada), 6.88%,
04/01/2032(b)
|
|
146,000
|
155,209
|
|
|
|
|
1,218,641
|
|
Health Care Distributors-0.05%
|
|||
|
Cardinal Health, Inc.
|
|
|
|
|
4.50% 09/15/2030
|
|
259,200
|
261,265
|
|
5.45% 02/15/2034
|
|
4,000
|
4,159
|
|
5.15% 09/15/2035
|
|
164,200
|
166,449
|
|
Cencora, Inc., 5.13%, 02/15/2034
|
|
4,000
|
4,096
|
|
McKesson Corp.
|
|
|
|
|
4.25% 09/15/2029
|
|
41,000
|
41,261
|
|
4.95% 05/30/2032
|
|
478,000
|
491,806
|
|
|
|
|
969,036
|
|
Health Care Equipment-0.03%
|
|||
|
GE HealthCare Technologies, Inc.,
4.80%, 01/15/2031(c)
|
|
295,000
|
299,597
|
|
Smith & Nephew PLC (United
Kingdom)
|
|
|
|
|
5.15% 03/20/2027
|
|
8,000
|
8,096
|
|
5.40% 03/20/2034
|
|
14,000
|
14,404
|
|
Stryker Corp.
|
|
|
|
|
4.55% 02/10/2027
|
|
25,000
|
25,193
|
|
4.25% 09/11/2029
|
|
47,000
|
47,290
|
|
4.85% 02/10/2030
|
|
133,000
|
136,497
|
|
5.20% 02/10/2035
|
|
174,000
|
178,353
|
|
|
|
|
709,430
|
|
Health Care Facilities-0.09%
|
|||
|
Adventist Health System, 5.76%,
12/01/2034
|
|
9,000
|
9,307
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Facilities-(continued)
|
|||
|
Ascension Health
|
|
|
|
|
Series 2025, 4.29% 11/15/2030
|
$
|
1,163,000
|
$1,164,397
|
|
Series 2025, 4.92% 11/15/2035
|
|
596,000
|
596,679
|
|
Universal Health Services, Inc.
|
|
|
|
|
4.63% 10/15/2029
|
|
43,000
|
43,268
|
|
5.05% 10/15/2034
|
|
57,000
|
56,018
|
|
UPMC
|
|
|
|
|
5.04% 05/15/2033
|
|
15,000
|
15,276
|
|
5.38% 05/15/2043
|
|
14,000
|
13,570
|
|
|
|
|
1,898,515
|
|
Health Care REITs-0.03%
|
|||
|
National Health Investors, Inc., 5.35%,
02/01/2033
|
|
160,000
|
160,294
|
|
Omega Healthcare Investors, Inc.,
5.20%, 07/01/2030
|
|
236,000
|
240,049
|
|
Ventas Realty L.P., 5.00%,
02/15/2036
|
|
254,900
|
252,548
|
|
|
|
|
652,891
|
|
Health Care Services-0.69%
|
|||
|
Cigna Group (The), 4.50%,
09/15/2030
|
|
733,800
|
738,907
|
|
CommonSpirit Health
|
|
|
|
|
4.35% 09/01/2030
|
|
442,000
|
439,717
|
|
5.32% 12/01/2034
|
|
59,000
|
59,920
|
|
4.83% 09/01/2035
|
|
745,000
|
732,474
|
|
4.98% 09/01/2035
|
|
447,000
|
440,574
|
|
5.58% 09/01/2045
|
|
238,000
|
232,961
|
|
5.55% 12/01/2054
|
|
46,000
|
44,011
|
|
5.66% 09/01/2055(c)
|
|
209,000
|
203,137
|
|
CVS Health Corp.
|
|
|
|
|
5.00% 01/30/2029
|
|
3,000
|
3,066
|
|
5.25% 01/30/2031
|
|
3,000
|
3,096
|
|
5.00% 09/15/2032
|
|
112,000
|
113,883
|
|
5.45% 09/15/2035
|
|
314,000
|
319,620
|
|
6.75% 12/10/2054(c)(e)
|
|
1,141,000
|
1,186,712
|
|
7.00% 03/10/2055(c)(e)
|
|
6,273,000
|
6,568,402
|
|
6.20% 09/15/2055(c)
|
|
709,000
|
716,543
|
|
6.00% 06/01/2063
|
|
1,000
|
962
|
|
6.25% 09/15/2065
|
|
224,000
|
223,765
|
|
DaVita, Inc., 6.88%, 09/01/2032(b)
|
|
7,000
|
7,215
|
|
HCA, Inc.
|
|
|
|
|
5.00% 03/01/2028
|
|
47,000
|
47,894
|
|
4.30% 11/15/2030
|
|
231,000
|
229,819
|
|
5.45% 09/15/2034
|
|
14,000
|
14,376
|
|
5.75% 03/01/2035
|
|
71,000
|
74,282
|
|
5.90% 06/01/2053
|
|
1,000
|
979
|
|
6.20% 03/01/2055
|
|
69,000
|
70,304
|
|
Icon Investments Six DAC
|
|
|
|
|
5.81% 05/08/2027
|
|
623,000
|
634,872
|
|
5.85% 05/08/2029
|
|
521,000
|
543,496
|
|
6.00% 05/08/2034
|
|
440,000
|
462,711
|
|
Laboratory Corp. of America Holdings,
4.35%, 04/01/2030
|
|
73,000
|
73,126
|
|
Piedmont Healthcare, Inc., 2.86%,
01/01/2052
|
|
26,000
|
16,595
|
|
Quest Diagnostics, Inc., 6.40%,
11/30/2033
|
|
3,000
|
3,310
|
|
|
|
|
14,206,729
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Supplies-0.18%
|
|||
|
180 Medical, Inc. (United Kingdom),
5.30%, 10/08/2035(b)
|
$
|
645,000
|
$640,711
|
|
Medline Borrower L.P., 3.88%,
04/01/2029(b)
|
|
3,027,000
|
2,961,936
|
|
Solventum Corp.
|
|
|
|
|
5.45% 02/25/2027
|
|
6,000
|
6,087
|
|
5.40% 03/01/2029
|
|
9,000
|
9,330
|
|
5.60% 03/23/2034
|
|
15,000
|
15,601
|
|
|
|
|
3,633,665
|
|
Highways & Railtracks-0.05%
|
|||
|
Burlington Northern Santa Fe LLC
|
|
|
|
|
5.55% 03/15/2056
|
|
487,600
|
482,702
|
|
5.80% 03/15/2056(c)
|
|
296,000
|
303,868
|
|
TransJamaican Highway Ltd.
(Jamaica), 5.75%, 10/10/2036(b)
|
|
322,909
|
302,132
|
|
|
|
|
1,088,702
|
|
Home Improvement Retail-0.04%
|
|||
|
Home Depot, Inc. (The)
|
|
|
|
|
4.90% 04/15/2029
|
|
9,000
|
9,261
|
|
3.95% 09/15/2030(c)
|
|
379,000
|
377,392
|
|
4.65% 09/15/2035(c)
|
|
344,000
|
340,316
|
|
Lowe’s Cos., Inc.
|
|
|
|
|
5.80% 09/15/2062
|
|
2,000
|
1,969
|
|
5.85% 04/01/2063
|
|
1,000
|
985
|
|
|
|
|
729,923
|
|
Homebuilding-0.01%
|
|||
|
D.R. Horton, Inc., 5.00%,
10/15/2034
|
|
19,000
|
19,167
|
|
Toll Brothers Finance Corp., 5.60%,
06/15/2035(c)
|
|
191,000
|
198,574
|
|
|
|
|
217,741
|
|
Hotel & Resort REITs-0.02%
|
|||
|
Phillips Edison Grocery Center
Operating Partnership I L.P.
|
|
|
|
|
5.25% 08/15/2032
|
|
217,000
|
222,520
|
|
5.75% 07/15/2034
|
|
4,000
|
4,183
|
|
4.95% 01/15/2035
|
|
152,000
|
149,682
|
|
|
|
|
376,385
|
|
Hotels, Resorts & Cruise Lines-0.23%
|
|||
|
Carnival Corp.
|
|
|
|
|
7.88% 06/01/2027
|
|
82,000
|
85,568
|
|
7.00% 08/15/2029(b)
|
|
9,000
|
9,424
|
|
5.75% 03/15/2030(b)
|
|
301,000
|
310,098
|
|
5.88% 06/15/2031(b)
|
|
1,588,000
|
1,642,601
|
|
5.75% 08/01/2032(b)
|
|
1,209,000
|
1,243,183
|
|
Expedia Group, Inc., 5.40%,
02/15/2035
|
|
75,000
|
76,631
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
|
5.88% 04/01/2029(b)
|
|
111,000
|
113,625
|
|
6.13% 04/01/2032(b)
|
|
51,000
|
52,834
|
|
5.75% 09/15/2033(b)
|
|
632,000
|
644,179
|
|
Marriott International, Inc.
|
|
|
|
|
4.88% 05/15/2029
|
|
6,000
|
6,140
|
|
4.80% 03/15/2030
|
|
46,000
|
46,986
|
|
5.30% 05/15/2034
|
|
4,000
|
4,102
|
|
5.35% 03/15/2035
|
|
19,000
|
19,488
|
|
Marriott Ownership Resorts, Inc.,
6.50%, 10/01/2033(b)(c)
|
|
453,000
|
431,262
|
|
|
Principal
Amount
|
Value
|
|
|
Hotels, Resorts & Cruise Lines-(continued)
|
|||
|
Royal Caribbean Cruises Ltd.
|
|
|
|
|
6.25% 03/15/2032(b)
|
$
|
27,000
|
$28,007
|
|
6.00% 02/01/2033(b)
|
|
31,000
|
31,965
|
|
|
|
|
4,746,093
|
|
Household Appliances-0.01%
|
|||
|
Whirlpool Corp.
|
|
|
|
|
6.13% 06/15/2030
|
|
99,000
|
99,351
|
|
6.50% 06/15/2033
|
|
198,000
|
195,544
|
|
|
|
|
294,895
|
|
Independent Power Producers & Energy Traders-0.10%
|
|||
|
AES Corp. (The), 5.80%,
03/15/2032
|
|
292,000
|
301,993
|
|
FIEMEX Energia - Banco Actinver S.A.
Institucion de Banca Multiple
(Mexico), 7.25%, 01/31/2041(b)
|
|
636,896
|
663,557
|
|
Vistra Corp., 7.00%(b)(e)(f)
|
|
525,000
|
533,205
|
|
VoltaGrid LLC, 7.38%,
11/01/2030(b)
|
|
647,000
|
655,655
|
|
|
|
|
2,154,410
|
|
Industrial Conglomerates-0.08%
|
|||
|
Honeywell International, Inc.
|
|
|
|
|
4.88% 09/01/2029
|
|
12,000
|
12,352
|
|
4.95% 09/01/2031
|
|
18,000
|
18,669
|
|
5.00% 03/01/2035
|
|
9,000
|
9,165
|
|
5.35% 03/01/2064
|
|
21,000
|
20,100
|
|
Siemens Funding B.V. (Germany)
|
|
|
|
|
4.60% 05/28/2030(b)
|
|
702,000
|
715,243
|
|
5.20% 05/28/2035(b)
|
|
405,000
|
418,251
|
|
5.90% 05/28/2065(b)
|
|
376,000
|
393,741
|
|
|
|
|
1,587,521
|
|
Industrial Machinery & Supplies & Components-0.03%
|
|||
|
Ingersoll Rand, Inc.
|
|
|
|
|
5.20% 06/15/2027
|
|
13,000
|
13,207
|
|
5.40% 08/14/2028
|
|
3,000
|
3,102
|
|
Nordson Corp.
|
|
|
|
|
5.60% 09/15/2028
|
|
3,000
|
3,105
|
|
5.80% 09/15/2033
|
|
3,000
|
3,173
|
|
nVent Finance S.a.r.l. (United
Kingdom), 5.65%, 05/15/2033
|
|
2,000
|
2,086
|
|
Weir Group, Inc. (United Kingdom),
5.35%, 05/06/2030(b)
|
|
508,000
|
521,673
|
|
|
|
|
546,346
|
|
Industrial REITs-0.00%
|
|||
|
LXP Industrial Trust, 6.75%,
11/15/2028
|
|
2,000
|
2,117
|
|
Insurance Brokers-0.10%
|
|||
|
Arthur J. Gallagher & Co.
|
|
|
|
|
4.85% 12/15/2029
|
|
10,000
|
10,235
|
|
5.00% 02/15/2032
|
|
12,000
|
12,280
|
|
5.15% 02/15/2035
|
|
16,000
|
16,134
|
|
6.75% 02/15/2054
|
|
2,000
|
2,219
|
|
Marsh & McLennan Cos., Inc.
|
|
|
|
|
5.40% 09/15/2033
|
|
2,000
|
2,095
|
|
5.45% 03/15/2053
|
|
1,000
|
970
|
|
5.70% 09/15/2053
|
|
3,000
|
3,020
|
|
|
Principal
Amount
|
Value
|
|
|
Insurance Brokers-(continued)
|
|||
|
Willis North America, Inc.
|
|
|
|
|
4.55% 03/15/2031
|
$
|
1,102,500
|
$1,102,011
|
|
5.15% 03/15/2036
|
|
843,600
|
840,219
|
|
|
|
|
1,989,183
|
|
Integrated Oil & Gas-1.09%
|
|||
|
Ecopetrol S.A. (Colombia), 8.88%,
01/13/2033
|
|
961,000
|
1,033,547
|
|
Eni S.p.A. (Italy), 5.50%,
05/15/2034(b)
|
|
537,000
|
555,258
|
|
Occidental Petroleum Corp.
|
|
|
|
|
6.45% 09/15/2036
|
|
4,000
|
4,269
|
|
4.63% 06/15/2045
|
|
217,000
|
174,431
|
|
4.40% 04/15/2046
|
|
149,000
|
118,602
|
|
Petroleos Mexicanos (Mexico)
|
|
|
|
|
8.75% 06/02/2029
|
|
2,253,000
|
2,420,468
|
|
6.63% 06/15/2035(c)
|
|
2,085,000
|
1,987,941
|
|
SA Global Sukuk Ltd. (Saudi Arabia)
|
|
|
|
|
4.13% 09/17/2030(b)
|
|
5,350,000
|
5,263,659
|
|
4.63% 09/17/2035(b)
|
|
2,920,000
|
2,818,228
|
|
Saudi Arabian Oil Co. (Saudi Arabia)
|
|
|
|
|
4.00% 02/02/2029(b)
|
|
2,520,000
|
2,505,857
|
|
4.75% 06/02/2030(b)
|
|
2,955,000
|
2,992,255
|
|
5.38% 06/02/2035(b)
|
|
2,425,000
|
2,471,732
|
|
|
|
|
22,346,247
|
|
Integrated Telecommunication Services-0.74%
|
|||
|
AT&T, Inc.
|
|
|
|
|
5.40% 02/15/2034
|
|
2,000
|
2,065
|
|
3.55% 09/15/2055
|
|
2,000
|
1,329
|
|
6.05% 08/15/2056
|
|
159,000
|
159,250
|
|
British Telecommunications PLC
(United Kingdom), 4.25%,
11/23/2081(b)(e)
|
|
1,258,000
|
1,253,266
|
|
Cipher Compute LLC, 7.13%,
11/15/2030(b)
|
|
1,887,000
|
1,946,744
|
|
Iliad Holding S.A.S. (France), 8.50%,
04/15/2031(b)
|
|
184,000
|
197,146
|
|
NTT Finance Corp. (Japan)
|
|
|
|
|
4.88% 07/16/2030(b)
|
|
598,000
|
609,909
|
|
5.50% 07/16/2035(b)(c)
|
|
487,000
|
503,259
|
|
TELUS Corp. (Canada)
|
|
|
|
|
6.63% 10/15/2055(c)(e)
|
|
540,000
|
552,531
|
|
6.38% 06/09/2056(c)(e)
|
|
1,238,400
|
1,251,645
|
|
6.63% 06/09/2056(e)
|
|
2,694,200
|
2,707,116
|
|
Verizon Communications, Inc.
|
|
|
|
|
5.25% 04/02/2035
|
|
278,000
|
281,721
|
|
5.00% 01/15/2036
|
|
1,006,000
|
994,855
|
|
5.75% 11/30/2045
|
|
1,692,000
|
1,682,516
|
|
5.88% 11/30/2055(c)
|
|
561,153
|
554,330
|
|
6.00% 11/30/2065
|
|
669,600
|
662,877
|
|
WULF Compute LLC, 7.75%,
10/15/2030(b)(c)
|
|
1,189,000
|
1,241,256
|
|
Zegona Finance PLC (United
Kingdom), 8.63%, 07/15/2029(b)
|
|
557,000
|
588,901
|
|
|
|
|
15,190,716
|
|
|
Principal
Amount
|
Value
|
|
|
Interactive Media & Services-0.63%
|
|||
|
Alphabet, Inc.
|
|
|
|
|
4.38% 11/15/2032
|
$
|
148,000
|
$148,539
|
|
4.70% 11/15/2035
|
|
430,000
|
428,225
|
|
5.35% 11/15/2045
|
|
823,000
|
812,428
|
|
5.45% 11/15/2055
|
|
518,000
|
505,600
|
|
5.30% 05/15/2065
|
|
108,000
|
101,017
|
|
Flutter Treasury DAC (Ireland),
5.88%, 06/04/2031(b)
|
|
1,139,000
|
1,154,358
|
|
Match Group Holdings II LLC, 6.13%,
09/15/2033(b)
|
|
1,068,000
|
1,072,708
|
|
Meta Platforms, Inc.
|
|
|
|
|
4.55% 08/15/2031
|
|
35,000
|
35,470
|
|
4.75% 08/15/2034
|
|
69,000
|
68,920
|
|
4.88% 11/15/2035(c)
|
|
2,353,800
|
2,329,142
|
|
5.40% 08/15/2054
|
|
93,000
|
85,768
|
|
5.63% 11/15/2055
|
|
1,759,000
|
1,674,900
|
|
5.75% 05/15/2063
|
|
3,000
|
2,853
|
|
5.55% 08/15/2064
|
|
46,000
|
42,264
|
|
5.75% 11/15/2065
|
|
2,841,000
|
2,688,446
|
|
WarnerMedia Holdings, Inc., 5.05%,
03/15/2042
|
|
2,697,000
|
1,901,385
|
|
|
|
|
13,052,023
|
|
Internet Services & Infrastructure-1.11%
|
|||
|
Beignet Investor LLC, 6.58%,
05/30/2049(b)
|
|
19,977,000
|
20,814,475
|
|
CoreWeave, Inc.
|
|
|
|
|
9.25% 06/01/2030(b)(c)
|
|
1,439,000
|
1,418,456
|
|
9.00% 02/01/2031(b)(c)
|
|
550,000
|
535,429
|
|
|
|
|
22,768,360
|
|
Investment Banking & Brokerage-2.36%
|
|||
|
Brookfield Finance, Inc. (Canada),
5.33%, 01/15/2036
|
|
1,015,000
|
1,017,780
|
|
Charles Schwab Corp. (The)
|
|
|
|
|
4.34% 11/14/2031(e)
|
|
2,646,000
|
2,644,864
|
|
4.91% 11/14/2036(e)
|
|
2,016,000
|
1,998,905
|
|
Series I, 4.00% (e)(f)
|
|
224,000
|
223,210
|
|
Series K, 5.00% (e)(f)
|
|
5,000
|
5,011
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.99% (SOFR + 1.29%),
04/23/2028(d)
|
|
163,000
|
164,412
|
|
4.15% 01/21/2029(e)
|
|
3,278,000
|
3,281,053
|
|
5.73% 04/25/2030(e)
|
|
16,000
|
16,709
|
|
5.05% 07/23/2030(e)
|
|
29,000
|
29,706
|
|
4.69% 10/23/2030(e)
|
|
45,000
|
45,619
|
|
5.21% 01/28/2031(e)
|
|
66,000
|
68,066
|
|
5.22% 04/23/2031(e)
|
|
189,000
|
194,720
|
|
4.37% 10/21/2031(e)
|
|
1,948,800
|
1,938,123
|
|
4.52% 01/21/2032(c)(e)
|
|
3,063,000
|
3,062,520
|
|
5.85% 04/25/2035(e)
|
|
3,000
|
3,172
|
|
5.33% 07/23/2035(e)
|
|
9,000
|
9,200
|
|
4.94% 10/21/2036(e)
|
|
956,600
|
943,632
|
|
5.07% 01/21/2037(c)(e)
|
|
1,282,000
|
1,276,998
|
|
5.39% 02/02/2041(e)
|
|
6,198,000
|
6,142,554
|
|
5.54% 01/21/2047(e)
|
|
2,151,000
|
2,120,117
|
|
5.73% 01/28/2056(e)
|
|
123,000
|
124,085
|
|
Series V, 4.13% (e)(f)
|
|
321,000
|
318,641
|
|
Series W, 7.50% (c)(e)(f)
|
|
2,512,000
|
2,659,109
|
|
Series X, 7.50% (c)(e)(f)
|
|
2,527,000
|
2,669,045
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage-(continued)
|
|||
|
Morgan Stanley
|
|
|
|
|
5.12% 02/01/2029(e)
|
$
|
3,000
|
$3,061
|
|
4.99% 04/12/2029(e)
|
|
74,000
|
75,368
|
|
5.16% 04/20/2029(e)
|
|
10,000
|
10,221
|
|
5.45% 07/20/2029(e)
|
|
5,000
|
5,155
|
|
6.41% 11/01/2029(e)
|
|
8,000
|
8,468
|
|
4.24% 01/09/2030(e)
|
|
4,160,000
|
4,168,445
|
|
5.17% 01/16/2030(e)
|
|
8,000
|
8,215
|
|
5.04% 07/19/2030(e)
|
|
81,000
|
83,004
|
|
4.65% 10/18/2030(e)
|
|
68,000
|
68,850
|
|
5.23% 01/15/2031(e)
|
|
302,000
|
310,977
|
|
5.19% 04/17/2031(e)
|
|
217,000
|
223,442
|
|
4.49% 01/16/2032(e)
|
|
3,306,000
|
3,304,546
|
|
5.25% 04/21/2034(e)
|
|
3,000
|
3,079
|
|
5.42% 07/21/2034(e)
|
|
1,000
|
1,036
|
|
5.47% 01/18/2035(e)
|
|
2,000
|
2,070
|
|
5.83% 04/19/2035(e)
|
|
3,000
|
3,174
|
|
5.32% 07/19/2035(e)
|
|
4,000
|
4,103
|
|
5.07% 01/30/2037(e)
|
|
5,413,000
|
5,394,110
|
|
5.95% 01/19/2038(e)
|
|
3,000
|
3,139
|
|
5.31% 01/18/2041(e)
|
|
1,495,000
|
1,477,240
|
|
Series I, 4.36% 10/22/2031(e)
|
|
2,002,100
|
1,991,526
|
|
Raymond James Financial, Inc.,
4.90%, 09/11/2035
|
|
441,000
|
436,866
|
|
|
|
|
48,543,346
|
|
IT Consulting & Other Services-0.67%
|
|||
|
International Business Machines Corp.
|
|
|
|
|
4.80% 02/10/2030(c)
|
|
610,000
|
624,151
|
|
4.30% 02/03/2031
|
|
3,848,000
|
3,845,933
|
|
5.20% 02/10/2035(c)
|
|
376,000
|
384,660
|
|
4.95% 02/03/2036
|
|
6,225,000
|
6,207,090
|
|
5.70% 02/10/2055(c)
|
|
335,000
|
330,366
|
|
5.80% 02/03/2056
|
|
2,328,000
|
2,322,339
|
|
|
|
|
13,714,539
|
|
Leisure Facilities-0.03%
|
|||
|
Vail Resorts, Inc., 5.63%,
07/15/2030(b)
|
|
535,000
|
543,613
|
|
Leisure Products-0.00%
|
|||
|
Brunswick Corp., 5.85%,
03/18/2029
|
|
8,000
|
8,325
|
|
Life & Health Insurance-1.43%
|
|||
|
200 Park Funding Trust, 5.74%,
02/15/2055(b)(c)
|
|
287,000
|
285,883
|
|
American National Global Funding,
5.55%, 01/28/2030(b)
|
|
12,000
|
12,352
|
|
American National Group, Inc.
|
|
|
|
|
6.00% 07/15/2035(c)
|
|
235,000
|
237,028
|
|
7.00% 12/01/2055(e)
|
|
1,839,000
|
1,858,576
|
|
Athene Global Funding, 5.58%,
01/09/2029(b)
|
|
23,000
|
23,690
|
|
Athene Holding Ltd.
|
|
|
|
|
6.25% 04/01/2054
|
|
4,000
|
3,897
|
|
6.63% 05/19/2055
|
|
52,000
|
53,217
|
|
Belrose Funding Trust II, 6.79%,
05/15/2055(b)(c)
|
|
346,000
|
363,030
|
|
Constellation Global Funding, 4.85%,
10/22/2030(b)
|
|
1,142,000
|
1,133,185
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Corebridge Global Funding
|
|
|
|
|
5.90% 09/19/2028(b)
|
$
|
5,000
|
$5,223
|
|
4.56% (SOFR + 0.86%),
12/15/2028(b)(d)
|
|
7,742,000
|
7,778,858
|
|
5.20% 01/12/2029(b)
|
|
32,000
|
32,880
|
|
5.20% 06/24/2029(b)
|
|
24,000
|
24,682
|
|
Dai-ichi Life Insurance Co. Ltd. (The)
(Japan), 6.20%(b)(e)(f)
|
|
562,000
|
583,343
|
|
Delaware Life Global Funding,
Series 21-1, 2.66%,
06/29/2026(b)
|
|
4,125,000
|
4,102,048
|
|
FWD Group Holdings Ltd. (Hong
Kong), 5.25%, 09/22/2030(b)
|
|
582,000
|
585,792
|
|
GA Global Funding Trust
|
|
|
|
|
5.50% 01/08/2029(b)
|
|
352,000
|
362,279
|
|
4.50% 09/18/2030(b)
|
|
1,543,000
|
1,523,616
|
|
High Street Funding Trust III, 5.81%,
02/15/2055(b)
|
|
259,000
|
255,887
|
|
Jackson National Life Global Funding,
4.70%, 06/05/2028(b)
|
|
665,000
|
673,451
|
|
Lincoln Financial Global Funding,
4.63%, 08/18/2030(b)
|
|
212,000
|
212,983
|
|
Lincoln National Corp., 5.35%,
11/15/2035(c)
|
|
1,145,000
|
1,149,428
|
|
MAG Mutual Holding Co., 4.75%,
04/30/2041(b)(h)
|
|
3,179,000
|
2,924,680
|
|
MassMutual Global Funding II, 4.55%,
05/07/2030(b)
|
|
608,000
|
613,341
|
|
MetLife, Inc.
|
|
|
|
|
5.25% 01/15/2054
|
|
2,000
|
1,897
|
|
Series G, 6.35% 03/15/2055(e)
|
|
146,000
|
153,408
|
|
Nippon Life Insurance Co. (Japan)
|
|
|
|
|
5.95% 04/16/2054(b)(e)
|
|
582,000
|
603,836
|
|
6.50% 04/30/2055(b)(c)(e)
|
|
458,000
|
490,326
|
|
Penn Mutual Life Insurance Co. (The),
3.80%, 04/29/2061(b)
|
|
2,000
|
1,335
|
|
Pricoa Global Funding I, 4.65%,
08/27/2031(b)
|
|
359,000
|
363,249
|
|
Protective Life Corp.
|
|
|
|
|
4.70% 01/15/2031(b)
|
|
1,023,600
|
1,027,855
|
|
5.35% 12/15/2035(b)
|
|
1,211,600
|
1,217,835
|
|
Prudential Financial, Inc., 5.20%,
03/14/2035
|
|
165,000
|
168,409
|
|
Wynnton Funding Trust, 5.25%,
08/15/2035(b)
|
|
649,000
|
651,785
|
|
|
|
|
29,479,284
|
|
Managed Health Care-0.00%
|
|||
|
UnitedHealth Group, Inc.
|
|
|
|
|
5.25% 02/15/2028
|
|
2,000
|
2,051
|
|
5.30% 02/15/2030
|
|
2,000
|
2,083
|
|
5.35% 02/15/2033
|
|
3,000
|
3,119
|
|
5.05% 04/15/2053
|
|
2,000
|
1,797
|
|
5.63% 07/15/2054
|
|
8,000
|
7,795
|
|
5.75% 07/15/2064
|
|
18,000
|
17,478
|
|
|
|
|
34,323
|
|
Marine Transportation-0.24%
|
|||
|
A.P. Moller - Maersk A/S, 5.88%,
09/14/2033(b)
|
|
3,000
|
3,199
|
|
|
Principal
Amount
|
Value
|
|
|
Marine Transportation-(continued)
|
|||
|
NCL Corp. Ltd.
|
|
|
|
|
5.88% 01/15/2031(b)(c)
|
$
|
1,370,000
|
$1,374,401
|
|
6.25% 09/15/2033(b)(c)
|
|
773,000
|
777,634
|
|
Stena International S.A. (Sweden),
7.63%, 02/15/2031(b)(c)
|
|
378,000
|
391,551
|
|
Viking Cruises Ltd., 5.88%,
10/15/2033(b)
|
|
2,419,000
|
2,453,499
|
|
|
|
|
5,000,284
|
|
Metal, Glass & Plastic Containers-0.21%
|
|||
|
Ball Corp., 5.50%, 09/15/2033
|
|
2,107,000
|
2,142,758
|
|
Crown Americas LLC, 5.88%,
06/01/2033(b)
|
|
806,000
|
824,904
|
|
Smurfit Kappa Treasury Unlimited Co.
(Ireland)
|
|
|
|
|
5.20% 01/15/2030
|
|
700,000
|
721,732
|
|
5.44% 04/03/2034
|
|
558,000
|
576,365
|
|
|
|
|
4,265,759
|
|
Movies & Entertainment-0.00%
|
|||
|
Netflix, Inc., 5.40%, 08/15/2054
|
|
5,000
|
4,786
|
|
Multi-Family Residential REITs-0.00%
|
|||
|
AvalonBay Communities, Inc., 5.30%,
12/07/2033
|
|
5,000
|
5,195
|
|
Essex Portfolio L.P., 5.50%,
04/01/2034
|
|
5,000
|
5,153
|
|
Invitation Homes Operating
Partnership L.P., 4.88%,
02/01/2035
|
|
15,000
|
14,633
|
|
Mid-America Apartments L.P., 5.30%,
02/15/2032
|
|
30,000
|
31,270
|
|
UDR, Inc., 5.13%, 09/01/2034
|
|
11,000
|
11,096
|
|
|
|
|
67,347
|
|
Multi-line Insurance-0.02%
|
|||
|
Metropolitan Life Global Funding I,
5.15%, 03/28/2033(b)
|
|
362,000
|
371,655
|
|
Multi-Utilities-0.44%
|
|||
|
Algonquin Power & Utilities Corp.
(Canada), 5.37%, 06/15/2026
|
|
13,000
|
13,059
|
|
Ameren Illinois Co., 4.95%,
06/01/2033
|
|
2,000
|
2,043
|
|
Black Hills Corp., 6.15%,
05/15/2034
|
|
5,000
|
5,362
|
|
CenterPoint Energy, Inc.
|
|
|
|
|
5.95% 04/01/2056(c)(e)
|
|
1,122,000
|
1,130,993
|
|
Conv., 3.00% 08/01/2028(b)
|
|
3,272,000
|
3,350,692
|
|
Dominion Energy, Inc.
|
|
|
|
|
5.38% 11/15/2032
|
|
2,000
|
2,082
|
|
6.00% 02/15/2056(e)
|
|
1,318,000
|
1,332,746
|
|
6.20% 02/15/2056(e)
|
|
822,000
|
825,205
|
|
DTE Electric Co.
|
|
|
|
|
5.20% 03/01/2034
|
|
4,000
|
4,132
|
|
5.85% 05/15/2055
|
|
59,000
|
60,786
|
|
DTE Energy Co.
|
|
|
|
|
4.95% 07/01/2027
|
|
32,000
|
32,409
|
|
5.85% 06/01/2034
|
|
5,000
|
5,319
|
|
ENGIE S.A. (France)
|
|
|
|
|
5.25% 04/10/2029(b)
|
|
566,000
|
585,517
|
|
5.63% 04/10/2034(b)(c)
|
|
478,000
|
500,439
|
|
5.88% 04/10/2054(b)(c)
|
|
314,000
|
318,707
|
|
|
Principal
Amount
|
Value
|
|
|
Multi-Utilities-(continued)
|
|||
|
NiSource, Inc.
|
|
|
|
|
5.25% 03/30/2028
|
$
|
3,000
|
$3,076
|
|
5.35% 04/01/2034
|
|
6,000
|
6,187
|
|
5.85% 04/01/2055(c)
|
|
103,000
|
102,496
|
|
Sempra
|
|
|
|
|
6.88% 10/01/2054(e)
|
|
22,000
|
22,563
|
|
6.38% 04/01/2056(e)
|
|
721,000
|
737,948
|
|
WEC Energy Group, Inc., 5.15%,
10/01/2027
|
|
5,000
|
5,093
|
|
|
|
|
9,046,854
|
|
Office REITs-0.16%
|
|||
|
Boston Properties L.P., Conv., 2.00%,
10/01/2030(b)
|
|
1,857,000
|
1,772,507
|
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
182,000
|
181,715
|
|
Cousins Properties L.P.
|
|
|
|
|
5.38% 02/15/2032
|
|
22,000
|
22,711
|
|
5.88% 10/01/2034
|
|
19,000
|
19,834
|
|
Piedmont Operating Partnership L.P.
|
|
|
|
|
6.88% 07/15/2029
|
|
24,000
|
25,512
|
|
5.63% 01/15/2033
|
|
1,213,000
|
1,219,857
|
|
|
|
|
3,242,136
|
|
Oil & Gas Equipment & Services-0.09%
|
|||
|
Bristow Group, Inc., 6.75%,
02/01/2033(b)
|
|
1,863,000
|
1,885,702
|
|
Northern Natural Gas Co., 5.63%,
02/01/2054(b)
|
|
2,000
|
1,925
|
|
|
|
|
1,887,627
|
|
Oil & Gas Exploration & Production-0.23%
|
|||
|
Aethon United BR L.P./Aethon United
Finance Corp., 7.50%,
10/01/2029(b)
|
|
161,000
|
169,495
|
|
Antero Resources Corp., 5.40%,
02/01/2036(c)
|
|
1,761,700
|
1,751,270
|
|
ConocoPhillips Co., 5.70%,
09/15/2063
|
|
2,000
|
1,959
|
|
Diamondback Energy, Inc.
|
|
|
|
|
5.20% 04/18/2027
|
|
11,000
|
11,155
|
|
5.15% 01/30/2030
|
|
20,000
|
20,572
|
|
5.90% 04/18/2064
|
|
4,000
|
3,823
|
|
EOG Resources, Inc.
|
|
|
|
|
4.40% 07/15/2028
|
|
102,000
|
103,232
|
|
5.35% 01/15/2036
|
|
133,000
|
136,598
|
|
5.95% 07/15/2055(c)
|
|
302,000
|
309,706
|
|
Expand Energy Corp., 5.38%,
03/15/2030
|
|
8,000
|
8,144
|
|
Hilcorp Energy I L.P./Hilcorp Finance
Co.
|
|
|
|
|
6.88% 05/15/2034(b)
|
|
81,000
|
78,102
|
|
7.25% 02/15/2035(b)(c)
|
|
147,000
|
142,329
|
|
Transocean Titan Financing Ltd.,
8.38%, 02/01/2028(b)
|
|
6,476
|
6,627
|
|
Uzbekneftegaz JSC (Uzbekistan),
4.75%, 11/16/2028(b)
|
|
1,278,000
|
1,245,741
|
|
Var Energi ASA (Norway), 5.88%,
05/22/2030(b)
|
|
519,000
|
540,330
|
|
Woodside Finance Ltd. (Australia),
5.70%, 05/19/2032
|
|
117,000
|
122,493
|
|
|
|
|
4,651,576
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Refining & Marketing-0.26%
|
|||
|
Empresa Nacional del Petroleo (Chile),
5.95%, 07/30/2034(b)
|
$
|
929,000
|
$970,226
|
|
Raizen Fuels Finance S.A. (Brazil)
|
|
|
|
|
6.70% 02/25/2037(b)
|
|
546,000
|
445,331
|
|
6.95% 03/05/2054(b)
|
|
617,000
|
471,049
|
|
Sunoco L.P.
|
|
|
|
|
5.63% 03/15/2031(b)
|
|
812,000
|
817,358
|
|
5.88% 03/15/2034(b)
|
|
1,508,000
|
1,512,725
|
|
7.88% (b)(e)(f)
|
|
1,168,000
|
1,203,788
|
|
|
|
|
5,420,477
|
|
Oil & Gas Storage & Transportation-1.62%
|
|||
|
Antero Midstream Partners
L.P./Antero Midstream Finance
Corp.
|
|
|
|
|
6.63% 02/01/2032(b)
|
|
301,000
|
312,862
|
|
5.75% 10/15/2033(b)
|
|
2,462,000
|
2,490,181
|
|
Cheniere Energy Partners L.P.,
5.95%, 06/30/2033
|
|
2,000
|
2,120
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
|
6.06% 08/15/2026(b)
|
|
3,000
|
3,025
|
|
5.10% 10/01/2031(b)
|
|
25,000
|
25,430
|
|
Columbia Pipelines Operating Co. LLC,
5.70%, 10/01/2054(b)
|
|
69,000
|
65,936
|
|
Eastern Energy Gas Holdings LLC,
5.65%, 10/15/2054
|
|
39,000
|
37,989
|
|
Enbridge, Inc. (Canada)
|
|
|
|
|
5.70% 03/08/2033
|
|
3,000
|
3,147
|
|
7.63% 01/15/2083(e)
|
|
3,000
|
3,274
|
|
Energy Transfer L.P.
|
|
|
|
|
6.05% 12/01/2026
|
|
5,000
|
5,080
|
|
5.50% 06/01/2027
|
|
3,000
|
3,046
|
|
6.10% 12/01/2028
|
|
2,000
|
2,103
|
|
6.40% 12/01/2030
|
|
3,000
|
3,248
|
|
4.55% 01/15/2031
|
|
1,102,000
|
1,101,186
|
|
5.55% 05/15/2034
|
|
6,000
|
6,178
|
|
5.35% 01/15/2036(c)
|
|
1,458,000
|
1,456,982
|
|
5.95% 05/15/2054
|
|
4,000
|
3,817
|
|
8.00% 05/15/2054(c)(e)
|
|
798,000
|
853,206
|
|
6.05% 09/01/2054
|
|
80,000
|
77,492
|
|
7.13% 10/01/2054(e)
|
|
3,021,000
|
3,129,602
|
|
6.30% 01/15/2056
|
|
700,000
|
700,258
|
|
6.50% 02/15/2056(e)
|
|
3,867,000
|
3,868,597
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
978,000
|
986,654
|
|
4.60% 01/15/2031
|
|
956,600
|
969,002
|
|
5.20% 01/15/2036
|
|
601,000
|
611,715
|
|
Florida Gas Transmission Co. LLC,
5.75%, 07/15/2035(b)
|
|
165,000
|
170,967
|
|
GreenSaif Pipelines Bidco S.a.r.l.
(Saudi Arabia)
|
|
|
|
|
5.85% 02/23/2036(b)(c)
|
|
4,380,000
|
4,549,547
|
|
6.13% 02/23/2038(b)
|
|
383,000
|
402,964
|
|
6.51% 02/23/2042(b)
|
|
970,000
|
1,053,361
|
|
6.10% 08/23/2042(b)
|
|
1,386,000
|
1,435,282
|
|
Gulfstream Natural Gas System L.L.C.,
5.60%, 07/23/2035(b)
|
|
341,000
|
348,981
|
|
Kinder Morgan, Inc.
|
|
|
|
|
7.80% 08/01/2031
|
|
4,000
|
4,644
|
|
4.80% 02/01/2033
|
|
3,000
|
3,011
|
|
5.20% 06/01/2033
|
|
2,000
|
2,058
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Kodiak Gas Services LLC, 6.50%,
10/01/2033(b)
|
$
|
470,000
|
$481,634
|
|
MPLX L.P.
|
|
|
|
|
4.80% 02/15/2031
|
|
712,000
|
719,952
|
|
5.00% 01/15/2033
|
|
432,000
|
433,182
|
|
5.40% 09/15/2035
|
|
535,000
|
539,609
|
|
4.95% 03/14/2052
|
|
1,000
|
844
|
|
NGL Energy Operating LLC/NGL
Energy Finance Corp., 8.38%,
02/15/2032(b)
|
|
149,000
|
156,044
|
|
Northriver Midstream Finance L.P.
(Canada), 6.75%, 07/15/2032(b)
|
|
53,000
|
53,961
|
|
South Bow Canadian Infrastructure
Holdings Ltd. (Canada), 7.63%,
03/01/2055(e)
|
|
753,000
|
785,490
|
|
South Bow USA Infrastructure
Holdings LLC (Canada)
|
|
|
|
|
4.91% 09/01/2027
|
|
84,000
|
84,923
|
|
5.03% 10/01/2029
|
|
94,000
|
95,466
|
|
5.58% 10/01/2034
|
|
59,000
|
59,533
|
|
6.18% 10/01/2054
|
|
44,000
|
42,382
|
|
Southern Co. Gas Capital Corp.
|
|
|
|
|
5.75% 09/15/2033
|
|
3,000
|
3,173
|
|
Series A, 4.05% 09/15/2028
|
|
103,000
|
103,118
|
|
Series B, 5.10% 09/15/2035
|
|
235,600
|
236,776
|
|
Tallgrass Energy Partners
L.P./Tallgrass Energy Finance
Corp., 7.38%, 02/15/2029(b)
|
|
293,000
|
303,899
|
|
Venture Global LNG, Inc.
|
|
|
|
|
9.50% 02/01/2029(b)(c)
|
|
210,000
|
223,754
|
|
9.88% 02/01/2032(b)
|
|
68,000
|
71,939
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
7.50% 05/01/2033(b)
|
|
319,000
|
349,936
|
|
6.50% 01/15/2034(b)
|
|
283,000
|
293,830
|
|
7.75% 05/01/2035(b)
|
|
574,000
|
640,353
|
|
6.75% 01/15/2036(b)
|
|
170,000
|
178,284
|
|
Western Midstream Operating L.P.
|
|
|
|
|
4.80% 03/01/2031
|
|
1,577,700
|
1,578,812
|
|
6.15% 04/01/2033
|
|
3,000
|
3,172
|
|
5.45% 11/15/2034
|
|
30,000
|
30,212
|
|
5.50% 12/15/2035(c)
|
|
971,600
|
967,767
|
|
5.30% 03/01/2048
|
|
141,000
|
122,944
|
|
Williams Cos., Inc. (The)
|
|
|
|
|
5.30% 08/15/2028
|
|
8,000
|
8,245
|
|
4.80% 11/15/2029
|
|
41,000
|
41,862
|
|
5.65% 03/15/2033
|
|
2,000
|
2,092
|
|
5.15% 03/15/2034
|
|
6,000
|
6,083
|
|
5.80% 11/15/2054
|
|
28,000
|
27,562
|
|
6.00% 03/15/2055
|
|
83,000
|
84,173
|
|
|
|
|
33,423,951
|
|
Other Specialty Retail-0.02%
|
|||
|
Tractor Supply Co., 5.25%,
05/15/2033
|
|
3,000
|
3,096
|
|
VSP Optical Group, Inc., 5.45%,
12/01/2035(b)
|
|
344,000
|
345,393
|
|
|
|
|
348,489
|
|
|
Principal
Amount
|
Value
|
|
|
Packaged Foods & Meats-0.12%
|
|||
|
Campbell’s Co. (The)
|
|
|
|
|
5.30% 03/20/2026
|
$
|
7,000
|
$7,011
|
|
5.20% 03/21/2029
|
|
6,000
|
6,159
|
|
5.40% 03/21/2034
|
|
5,000
|
5,087
|
|
5.25% 10/13/2054
|
|
21,000
|
18,858
|
|
General Mills, Inc., 5.50%,
10/17/2028
|
|
7,000
|
7,257
|
|
JBS NV/JBS USA Foods Group
Holdings Inc./JBS USA Food Co.
Holdings
|
|
|
|
|
6.25% 03/01/2056
|
|
853,000
|
862,246
|
|
6.38% 04/15/2066(c)
|
|
273,000
|
276,642
|
|
Mars, Inc.
|
|
|
|
|
4.60% 03/01/2028(b)(c)
|
|
291,000
|
294,927
|
|
4.80% 03/01/2030(b)(c)
|
|
83,000
|
84,826
|
|
5.00% 03/01/2032(b)
|
|
206,000
|
211,746
|
|
5.20% 03/01/2035(b)
|
|
148,000
|
151,583
|
|
5.65% 05/01/2045(b)
|
|
105,000
|
105,975
|
|
5.70% 05/01/2055(b)
|
|
131,000
|
130,657
|
|
5.80% 05/01/2065(b)
|
|
89,000
|
89,375
|
|
McCormick & Co., Inc., 4.70%,
10/15/2034
|
|
44,000
|
43,303
|
|
Post Holdings, Inc., 6.25%,
10/15/2034(b)(c)
|
|
82,000
|
82,645
|
|
|
|
|
2,378,297
|
|
Paper & Plastic Packaging Products & Materials-0.03%
|
|||
|
Cascades, Inc./Cascades USA, Inc.
(Canada), 6.75%, 07/15/2030(b)(c)
|
|
309,000
|
320,104
|
|
Graphic Packaging International LLC,
6.38%, 07/15/2032(b)(c)
|
|
224,000
|
226,789
|
|
|
|
|
546,893
|
|
Paper Products-0.00%
|
|||
|
Magnera Corp., 7.25%,
11/15/2031(b)
|
|
82,000
|
77,565
|
|
Passenger Airlines-0.25%
|
|||
|
American Airlines Pass-Through Trust
|
|
|
|
|
4.90% 05/11/2038
|
|
1,282,000
|
1,270,770
|
|
Series 2021-1, Class A, 2.88%
07/11/2034
|
|
3,249
|
2,959
|
|
Series 2021-1, Class B, 3.95%
07/11/2030
|
|
59,595
|
57,370
|
|
Series B, 5.65% 11/11/2034
|
|
682,000
|
686,838
|
|
American Airlines, Inc./AAdvantage
Loyalty IP Ltd., 5.50%,
04/20/2026(b)
|
|
207,627
|
207,877
|
|
AS Mileage Plan IP Ltd.
|
|
|
|
|
5.02% 10/20/2029(b)
|
|
36,000
|
36,420
|
|
5.31% 10/20/2031(b)
|
|
33,000
|
33,393
|
|
British Airways Pass-Through Trust
(United Kingdom), Series 2021-1,
Class A, 2.90%, 03/15/2035(b)
|
|
14,376
|
13,177
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
277,000
|
281,826
|
|
5.25% 07/10/2030
|
|
314,000
|
321,664
|
|
Delta Air Lines, Inc./SkyMiles IP Ltd.,
4.75%, 10/20/2028(b)
|
|
5,752
|
5,797
|
|
Southwest Airlines Co., 4.38%,
11/15/2028
|
|
2,199,000
|
2,211,459
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines-(continued)
|
|||
|
United Airlines Pass-Through Trust
|
|
|
|
|
Series 2020-1, Class A, 5.88%
10/15/2027
|
$
|
1,628
|
$1,670
|
|
Series 24-A, 5.88% 02/15/2037
|
|
33,793
|
35,112
|
|
Series AA, 5.45% 02/15/2037
|
|
26,069
|
26,772
|
|
|
|
|
5,193,104
|
|
Passenger Ground Transportation-0.04%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.30% 01/15/2030
|
|
112,000
|
112,417
|
|
4.15% 01/15/2031
|
|
611,800
|
606,688
|
|
4.80% 09/15/2035(c)
|
|
150,000
|
148,481
|
|
|
|
|
867,586
|
|
Personal Care Products-0.00%
|
|||
|
Coty Inc./HFC Prestige Products Inc./
HFC Prestige International US LLC,
5.60%, 01/15/2031(b)
|
|
2,000
|
2,026
|
|
Pharmaceuticals-1.38%
|
|||
|
AstraZeneca Finance LLC (United
Kingdom)
|
|
|
|
|
4.85% 02/26/2029
|
|
18,000
|
18,473
|
|
4.90% 02/26/2031
|
|
50,000
|
51,687
|
|
Bristol-Myers Squibb Co.
|
|
|
|
|
5.75% 02/01/2031
|
|
9,000
|
9,613
|
|
5.90% 11/15/2033
|
|
2,000
|
2,175
|
|
Eli Lilly and Co.
|
|
|
|
|
4.70% 02/09/2034
|
|
2,000
|
2,022
|
|
5.00% 02/09/2054
|
|
12,000
|
11,100
|
|
5.55% 10/15/2055
|
|
297,800
|
298,386
|
|
5.10% 02/09/2064
|
|
92,000
|
84,381
|
|
5.20% 08/14/2064
|
|
9,000
|
8,402
|
|
5.65% 10/15/2065
|
|
249,000
|
249,127
|
|
EMD Finance LLC (Germany)
|
|
|
|
|
4.13% 08/15/2028(b)
|
|
655,000
|
657,363
|
|
4.38% 10/15/2030(b)
|
|
5,707,000
|
5,716,148
|
|
4.63% 10/15/2032(b)
|
|
1,465,000
|
1,468,459
|
|
Merck & Co., Inc.
|
|
|
|
|
4.30% (SOFR + 0.57%),
03/15/2029(d)
|
|
1,650,000
|
1,655,598
|
|
4.30% 05/17/2030
|
|
8,000
|
8,071
|
|
4.15% 03/15/2031
|
|
3,614,000
|
3,601,775
|
|
4.45% 12/04/2032
|
|
679,000
|
680,874
|
|
4.75% 12/04/2035(c)
|
|
1,799,000
|
1,784,303
|
|
4.90% 05/17/2044
|
|
5,000
|
4,699
|
|
5.55% 12/04/2055(c)
|
|
1,460,000
|
1,435,503
|
|
5.15% 05/17/2063
|
|
1,000
|
912
|
|
5.70% 12/04/2065
|
|
1,373,000
|
1,353,922
|
|
Novartis Capital Corp.
|
|
|
|
|
4.20% 09/18/2034
|
|
79,000
|
77,187
|
|
4.70% 09/18/2054
|
|
73,000
|
64,864
|
|
Pfizer, Inc.
|
|
|
|
|
4.20% 11/15/2030(c)
|
|
1,530,000
|
1,534,199
|
|
4.50% 11/15/2032
|
|
1,716,000
|
1,721,958
|
|
5.60% 11/15/2055(c)
|
|
1,462,000
|
1,453,705
|
|
5.70% 11/15/2065
|
|
1,587,000
|
1,565,492
|
|
Takeda U.S. Financing, Inc.
|
|
|
|
|
5.20% 07/07/2035(c)
|
|
671,000
|
679,547
|
|
5.90% 07/07/2055(c)
|
|
669,000
|
679,647
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
Teva Pharmaceuticals Finance
Netherlands B.V. (Israel), 6.00%,
12/01/2032
|
$
|
1,046,000
|
$1,095,723
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
383,000
|
385,297
|
|
|
|
|
28,360,612
|
|
Property & Casualty Insurance-0.09%
|
|||
|
American International Group, Inc.,
4.85%, 05/07/2030
|
|
63,000
|
64,559
|
|
Asurion LLC and Asurion Co-Issuer,
Inc., 8.38%, 02/01/2034(b)
|
|
702,000
|
710,354
|
|
CNA Financial Corp., 5.20%,
08/15/2035
|
|
585,000
|
586,812
|
|
Fairfax Financial Holdings Ltd.
(Canada), 6.10%, 03/15/2055
|
|
40,000
|
40,349
|
|
Hanover Insurance Group, Inc. (The),
5.50%, 09/01/2035
|
|
159,000
|
161,235
|
|
Travelers Cos., Inc. (The)
|
|
|
|
|
5.05% 07/24/2035
|
|
69,000
|
69,938
|
|
5.45% 05/25/2053
|
|
1,000
|
982
|
|
5.70% 07/24/2055(c)
|
|
172,000
|
175,259
|
|
|
|
|
1,809,488
|
|
Rail Transportation-0.03%
|
|||
|
Canadian Pacific Railway Co.
(Canada), 5.20%, 03/30/2035(c)
|
|
65,000
|
66,914
|
|
TTX Co., 5.05%, 11/15/2034(b)
|
|
597,000
|
610,188
|
|
|
|
|
677,102
|
|
Real Estate Development-0.06%
|
|||
|
Essential Properties L.P., 5.40%,
12/01/2035
|
|
145,200
|
145,751
|
|
Prologis Targeted U.S. Logistics Fund
L.P.
|
|
|
|
|
4.25% 01/15/2031(b)(c)
|
|
544,000
|
540,016
|
|
4.75% 01/15/2036(b)
|
|
631,000
|
615,000
|
|
|
|
|
1,300,767
|
|
Regional Banks-0.57%
|
|||
|
Citizens Financial Group, Inc.
|
|
|
|
|
5.30% 01/29/2036(e)
|
|
386,500
|
388,422
|
|
5.64% 05/21/2037(e)
|
|
3,000
|
3,063
|
|
Huntington Bancshares, Inc.
|
|
|
|
|
4.62% 01/28/2032(c)(e)
|
|
4,822,000
|
4,831,044
|
|
5.61% 01/28/2041(e)
|
|
2,636,000
|
2,624,246
|
|
Pinnacle Financial Partners, Inc.,
6.17%, 11/01/2030(e)
|
|
24,000
|
25,024
|
|
Regions Financial Corp., 5.72%,
06/06/2030(e)
|
|
18,000
|
18,808
|
|
Truist Financial Corp., 4.60%,
01/27/2032(c)(e)
|
|
2,067,000
|
2,072,726
|
|
Zions Bancorp. N.A.
|
|
|
|
|
4.70% 08/18/2028(e)
|
|
1,288,000
|
1,291,405
|
|
6.82% 11/19/2035(e)
|
|
541,000
|
573,904
|
|
|
|
|
11,828,642
|
|
Reinsurance-0.33%
|
|||
|
Global Atlantic (Fin) Co.
|
|
|
|
|
6.75% 03/15/2054(b)
|
|
21,000
|
21,417
|
|
7.95% 10/15/2054(b)(e)
|
|
784,000
|
810,985
|
|
7.25% 03/01/2056(b)(e)
|
|
1,876,000
|
1,891,974
|
|
|
Principal
Amount
|
Value
|
|
|
Reinsurance-(continued)
|
|||
|
RenaissanceRe Holdings Ltd.
(Bermuda), 5.75%, 06/05/2033
|
$
|
2,915,000
|
$3,047,102
|
|
RGA Global Funding, 5.00%,
08/25/2032(b)
|
|
1,052,000
|
1,062,139
|
|
|
|
|
6,833,617
|
|
Renewable Electricity-0.04%
|
|||
|
Idaho Power Co., 5.20%,
08/15/2034
|
|
16,000
|
16,453
|
|
Southern Power Co.
|
|
|
|
|
Series A, 4.25% 10/01/2030
|
|
484,000
|
482,964
|
|
Series B, 4.90% 10/01/2035
|
|
394,000
|
387,323
|
|
|
|
|
886,740
|
|
Restaurants-0.19%
|
|||
|
1011778 BC ULC/New Red Finance,
Inc. (Canada), 5.63%,
09/15/2029(b)
|
|
385,000
|
391,996
|
|
Arcos Dorados B.V. (Brazil), 6.38%,
01/29/2032(b)
|
|
929,000
|
975,915
|
|
McDonald’s Corp.
|
|
|
|
|
4.80% 08/14/2028
|
|
18,000
|
18,374
|
|
4.60% 05/15/2030
|
|
103,000
|
104,824
|
|
4.40% 02/12/2031
|
|
1,407,000
|
1,417,464
|
|
4.95% 08/14/2033
|
|
10,000
|
10,292
|
|
4.95% 03/03/2035
|
|
57,000
|
57,586
|
|
5.00% 02/13/2036(c)
|
|
963,000
|
971,208
|
|
|
|
|
3,947,659
|
|
Retail REITs-0.07%
|
|||
|
Agree L.P., 5.63%, 06/15/2034
|
|
6,000
|
6,283
|
|
Brixmor Operating Partnership L.P.
|
|
|
|
|
4.85% 02/15/2033
|
|
191,000
|
190,730
|
|
5.75% 02/15/2035
|
|
4,000
|
4,188
|
|
Kimco Realty OP LLC
|
|
|
|
|
4.85% 03/01/2035
|
|
15,000
|
14,905
|
|
5.30% 02/01/2036
|
|
288,000
|
294,660
|
|
Kite Realty Group L.P.
|
|
|
|
|
4.95% 12/15/2031
|
|
16,000
|
16,245
|
|
5.50% 03/01/2034
|
|
3,000
|
3,088
|
|
NNN REIT, Inc.
|
|
|
|
|
5.60% 10/15/2033
|
|
3,000
|
3,134
|
|
5.50% 06/15/2034
|
|
6,000
|
6,205
|
|
Realty Income Corp.
|
|
|
|
|
2.20% 06/15/2028
|
|
2,000
|
1,923
|
|
5.63% 10/13/2032
|
|
2,000
|
2,120
|
|
4.50% 02/01/2033
|
|
781,000
|
773,992
|
|
5.13% 04/15/2035
|
|
27,000
|
27,449
|
|
5.38% 09/01/2054
|
|
6,000
|
5,798
|
|
Regency Centers L.P.
|
|
|
|
|
5.00% 07/15/2032
|
|
86,000
|
87,906
|
|
5.25% 01/15/2034
|
|
3,000
|
3,080
|
|
5.10% 01/15/2035
|
|
6,000
|
6,073
|
|
Simon Property Group L.P., 4.75%,
09/26/2034
|
|
66,000
|
65,478
|
|
|
|
|
1,513,257
|
|
Self-Storage REITs-0.04%
|
|||
|
Americold Realty Operating
Partnership L.P.
|
|
|
|
|
5.60% 05/15/2032
|
|
144,000
|
145,960
|
|
5.41% 09/12/2034
|
|
39,000
|
38,252
|
|
|
Principal
Amount
|
Value
|
|
|
Self-Storage REITs-(continued)
|
|||
|
Extra Space Storage L.P.
|
|
|
|
|
5.70% 04/01/2028
|
$
|
2,000
|
$2,064
|
|
4.95% 01/15/2033
|
|
267,000
|
268,649
|
|
5.40% 02/01/2034
|
|
4,000
|
4,095
|
|
Goodman US Finance Six LLC
(Australia), 5.13%, 10/07/2034(b)
|
|
7,000
|
7,020
|
|
Prologis L.P.
|
|
|
|
|
4.88% 06/15/2028
|
|
3,000
|
3,068
|
|
4.75% 01/15/2031(c)
|
|
240,000
|
245,252
|
|
5.13% 01/15/2034
|
|
3,000
|
3,068
|
|
5.00% 03/15/2034
|
|
11,000
|
11,177
|
|
5.00% 01/31/2035
|
|
19,000
|
19,191
|
|
5.25% 05/15/2035
|
|
101,000
|
103,804
|
|
5.25% 03/15/2054
|
|
35,000
|
33,398
|
|
Public Storage Operating Co., 5.35%,
08/01/2053
|
|
4,000
|
3,868
|
|
|
|
|
888,866
|
|
Semiconductors-1.86%
|
|||
|
AP Grange Holdings LLC, 6.50%,
03/20/2045(b)(h)
|
|
10,153,000
|
11,184,879
|
|
Broadcom, Inc.
|
|
|
|
|
5.05% 07/12/2027
|
|
19,000
|
19,343
|
|
5.05% 07/12/2029
|
|
30,000
|
30,913
|
|
5.15% 11/15/2031
|
|
103,000
|
106,807
|
|
5.20% 07/15/2035
|
|
216,000
|
220,801
|
|
4.80% 02/15/2036
|
|
734,000
|
724,817
|
|
4.90% 02/15/2038
|
|
581,000
|
568,927
|
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(b)
|
|
1,241,000
|
1,301,556
|
|
5.50% 01/25/2031(b)
|
|
1,190,000
|
1,233,150
|
|
6.15% 01/25/2032(b)
|
|
1,253,000
|
1,335,088
|
|
5.90% 01/25/2033(b)
|
|
1,202,000
|
1,261,775
|
|
5.88% 01/25/2034(b)
|
|
1,140,000
|
1,179,472
|
|
6.25% 01/25/2035(b)
|
|
927,000
|
986,813
|
|
6.10% 01/25/2036(b)
|
|
845,000
|
890,160
|
|
6.20% 01/25/2037(b)
|
|
707,000
|
747,920
|
|
6.40% 01/25/2038(b)
|
|
697,000
|
747,042
|
|
6.30% 01/25/2039(b)
|
|
419,000
|
446,565
|
|
Kioxia Holdings Corp. (Japan)
|
|
|
|
|
6.25% 07/24/2030(b)
|
|
550,000
|
568,679
|
|
6.63% 07/24/2033(b)
|
|
533,000
|
557,043
|
|
Micron Technology, Inc.
|
|
|
|
|
5.30% 01/15/2031
|
|
7,000
|
7,273
|
|
6.05% 11/01/2035
|
|
57,000
|
61,280
|
|
SK hynix, Inc. (South Korea)
|
|
|
|
|
4.25% 09/11/2028(b)
|
|
5,344,000
|
5,366,258
|
|
4.38% 09/11/2030(b)(c)
|
|
8,809,000
|
8,830,573
|
|
|
|
|
38,377,134
|
|
Single-Family Residential REITs-0.00%
|
|||
|
American Homes 4 Rent L.P.
|
|
|
|
|
2.38% 07/15/2031
|
|
2,000
|
1,786
|
|
5.50% 07/15/2034
|
|
17,000
|
17,390
|
|
5.25% 03/15/2035
|
|
19,000
|
19,055
|
|
|
|
|
38,231
|
|
Soft Drinks & Non-alcoholic Beverages-0.08%
|
|||
|
Coca-Cola Co. (The), 5.40%,
05/13/2064
|
|
47,000
|
45,617
|
|
|
Principal
Amount
|
Value
|
|
|
Soft Drinks & Non-alcoholic Beverages-(continued)
|
|||
|
PepsiCo, Inc.
|
|
|
|
|
4.10% 01/15/2029
|
$
|
702,000
|
$707,152
|
|
4.60% 02/07/2030
|
|
159,000
|
162,619
|
|
5.00% 02/07/2035
|
|
9,000
|
9,225
|
|
5.00% 07/23/2035
|
|
667,000
|
678,825
|
|
|
|
|
1,603,438
|
|
Sovereign Debt-1.83%
|
|||
|
Bahamas Government International
Bond (Bahamas), 8.25%,
06/24/2036(b)
|
|
881,000
|
985,451
|
|
Benin Sukuk S.A. (Benin), 6.20%,
01/29/2033(b)
|
|
1,611,000
|
1,604,032
|
|
Colombia Government International
Bond (Colombia)
|
|
|
|
|
5.38% 01/21/2029
|
|
6,862,000
|
6,836,267
|
|
6.13% 01/21/2031
|
|
2,279,500
|
2,275,625
|
|
6.50% 01/21/2033
|
|
1,899,000
|
1,883,713
|
|
Egyptian Financial Co. for Sovereign
Taskeek (The) (Egypt)
|
|
|
|
|
6.38% 04/07/2029(b)
|
|
1,138,000
|
1,154,765
|
|
7.95% 10/07/2032(b)
|
|
373,000
|
392,523
|
|
Guatemala Government Bond
(Guatemala)
|
|
|
|
|
6.05% 08/06/2031(b)
|
|
3,287,000
|
3,414,306
|
|
6.55% 02/06/2037(b)
|
|
1,315,000
|
1,402,250
|
|
6.88% 08/15/2055(b)
|
|
582,000
|
622,757
|
|
Israel Government International Bond
(Israel), 5.00%, 01/13/2036
|
|
100,500
|
99,045
|
|
Kuwait International Government
Bond (Kuwait), 4.14%,
10/09/2030(b)
|
|
1,845,000
|
1,835,326
|
|
Mexico Government International
Bond (Mexico)
|
|
|
|
|
4.75% 03/22/2031
|
|
3,992,000
|
3,936,312
|
|
5.38% 03/22/2033
|
|
738,000
|
729,329
|
|
6.63% 01/29/2038
|
|
1,618,000
|
1,685,875
|
|
6.75% 02/09/2056
|
|
1,809,000
|
1,787,473
|
|
Series 10, 5.63% 09/22/2035
|
|
1,731,000
|
1,698,976
|
|
Romanian Government International
Bond (Romania)
|
|
|
|
|
6.63% 02/17/2028(b)
|
|
1,832,000
|
1,910,585
|
|
5.88% 01/30/2029(b)(c)
|
|
3,084,000
|
3,186,773
|
|
Trinidad & Tobago Government
International Bond (Trinidad),
6.40%, 06/26/2034(b)
|
|
232,000
|
233,754
|
|
|
|
|
37,675,137
|
|
Specialized Consumer Services-0.08%
|
|||
|
Rentokil Terminix Funding LLC
|
|
|
|
|
5.00% 04/28/2030(b)
|
|
823,000
|
838,551
|
|
5.63% 04/28/2035(b)
|
|
781,000
|
805,472
|
|
|
|
|
1,644,023
|
|
Specialty Chemicals-0.20%
|
|||
|
OCP S.A. (Morocco)
|
|
|
|
|
6.10% 04/30/2030(b)
|
|
1,527,000
|
1,590,533
|
|
6.70% 03/01/2036(b)
|
|
163,000
|
173,086
|
|
Sherwin-Williams Co. (The)
|
|
|
|
|
4.30% 08/15/2028
|
|
1,160,000
|
1,168,486
|
|
4.50% 08/15/2030
|
|
387,000
|
390,632
|
|
5.15% 08/15/2035(c)
|
|
307,000
|
311,758
|
|
|
Principal
Amount
|
Value
|
|
|
Specialty Chemicals-(continued)
|
|||
|
Sociedad Quimica y Minera de Chile
S.A. (Chile), 6.50%, 11/07/2033(b)
|
$
|
185,000
|
$201,902
|
|
Solstice Advanced Materials, Inc.,
5.63%, 09/30/2033(b)
|
|
361,000
|
363,078
|
|
|
|
|
4,199,475
|
|
Steel-0.32%
|
|||
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
6.88% 11/01/2029(b)
|
|
502,000
|
522,001
|
|
7.63% 01/15/2034(b)
|
|
3,665,000
|
3,840,982
|
|
POSCO Holdings, Inc. (South Korea)
|
|
|
|
|
5.13% 05/07/2030(b)
|
|
1,381,000
|
1,415,093
|
|
5.75% 05/07/2035(b)
|
|
860,000
|
900,137
|
|
|
|
|
6,678,213
|
|
Systems Software-0.16%
|
|||
|
CrowdStrike Holdings, Inc., 3.00%,
02/15/2029
|
|
1,000,000
|
957,534
|
|
Oracle Corp.
|
|
|
|
|
4.45% 09/26/2030(c)
|
|
745,900
|
728,369
|
|
6.25% 11/09/2032
|
|
3,000
|
3,132
|
|
4.90% 02/06/2033
|
|
2,000
|
1,927
|
|
4.70% 09/27/2034
|
|
53,000
|
49,213
|
|
5.20% 09/26/2035(c)
|
|
364,000
|
347,092
|
|
5.88% 09/26/2045
|
|
570,000
|
512,920
|
|
6.90% 11/09/2052
|
|
2,000
|
1,964
|
|
5.38% 09/27/2054
|
|
75,000
|
60,308
|
|
6.00% 08/03/2055
|
|
50,000
|
43,805
|
|
5.95% 09/26/2055(c)
|
|
398,000
|
351,274
|
|
5.50% 09/27/2064
|
|
131,000
|
103,915
|
|
6.13% 08/03/2065
|
|
97,000
|
84,713
|
|
|
|
|
3,246,166
|
|
Technology Hardware, Storage & Peripherals-0.00%
|
|||
|
Hewlett Packard Enterprise Co.
|
|
|
|
|
5.00% 10/15/2034
|
|
39,000
|
38,418
|
|
5.60% 10/15/2054
|
|
69,000
|
63,192
|
|
|
|
|
101,610
|
|
Tobacco-0.14%
|
|||
|
B.A.T. Capital Corp. (United Kingdom)
|
|
|
|
|
5.83% 02/20/2031
|
|
16,000
|
16,992
|
|
4.63% 03/22/2033(c)
|
|
418,000
|
414,350
|
|
6.00% 02/20/2034
|
|
4,000
|
4,283
|
|
7.08% 08/02/2043
|
|
1,000
|
1,123
|
|
7.08% 08/02/2053
|
|
2,000
|
2,264
|
|
|
Principal
Amount
|
Value
|
|
|
Tobacco-(continued)
|
|||
|
Philip Morris International, Inc.
|
|
|
|
|
4.75% 02/12/2027
|
$
|
16,000
|
$16,159
|
|
4.38% 11/01/2027
|
|
75,000
|
75,748
|
|
4.88% 02/15/2028
|
|
6,000
|
6,115
|
|
4.13% 04/28/2028
|
|
22,000
|
22,114
|
|
5.25% 09/07/2028
|
|
7,000
|
7,223
|
|
3.88% 10/27/2028
|
|
781,000
|
780,507
|
|
4.88% 02/13/2029
|
|
22,000
|
22,528
|
|
4.63% 11/01/2029
|
|
100,000
|
101,794
|
|
4.38% 04/30/2030
|
|
158,000
|
158,987
|
|
4.00% 10/29/2030
|
|
564,000
|
558,129
|
|
5.13% 02/13/2031
|
|
8,000
|
8,288
|
|
4.75% 11/01/2031
|
|
77,000
|
78,471
|
|
5.75% 11/17/2032
|
|
3,000
|
3,204
|
|
5.38% 02/15/2033
|
|
7,000
|
7,288
|
|
5.63% 09/07/2033
|
|
4,000
|
4,234
|
|
5.25% 02/13/2034
|
|
17,000
|
17,555
|
|
4.90% 11/01/2034(c)
|
|
100,000
|
100,648
|
|
4.88% 04/30/2035
|
|
98,000
|
97,976
|
|
4.63% 10/29/2035(c)
|
|
421,000
|
411,333
|
|
|
|
|
2,917,313
|
|
Trading Companies & Distributors-0.11%
|
|||
|
Air Lease Corp., Series B, 4.65%(e)(f)
|
|
619,000
|
618,159
|
|
Ferguson Enterprises, Inc.
|
|
|
|
|
4.35% 03/15/2031(c)
|
|
657,000
|
654,809
|
|
5.00% 10/03/2034
|
|
20,000
|
20,128
|
|
Mitsubishi Corp. (Japan)
|
|
|
|
|
5.00% 07/02/2029(b)
|
|
548,000
|
562,038
|
|
5.13% 07/17/2034(b)(c)
|
|
448,000
|
459,319
|
|
|
|
|
2,314,453
|
|
Transaction & Payment Processing Services-0.00%
|
|||
|
Mastercard, Inc., 4.85%,
03/09/2033
|
|
3,000
|
3,075
|
|
Water Utilities-0.01%
|
|||
|
American Water Capital Corp., 5.70%,
09/01/2055
|
|
231,000
|
230,290
|
|
Wireless Telecommunication Services-0.08%
|
|||
|
T-Mobile USA, Inc.
|
|
|
|
|
4.95% 11/15/2035
|
|
683,000
|
677,321
|
|
5.65% 01/15/2053
|
|
2,000
|
1,926
|
|
6.00% 06/15/2054
|
|
1,000
|
1,014
|
|
5.88% 11/15/2055
|
|
92,000
|
91,458
|
|
5.70% 01/15/2056(c)
|
|
817,000
|
789,850
|
|
|
|
|
1,561,569
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $807,647,092)
|
814,202,628
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-32.23%
|
|||
|
Collateralized Mortgage Obligations-2.53%
|
|||
|
Freddie Mac Military Housing Bonds
Resecuritization Trust Ctfs.,
Series 2015-R1, Class B1, 5.25%,
11/25/2055(b)(i)
|
|
868,693
|
779,460
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
5.00%, 11/25/2028
|
|
4,625,965
|
4,752,456
|
|
4.43%, 02/25/2033(i)
|
|
6,000,000
|
6,042,046
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations-(continued)
|
|||
|
Series 2017-K066, Class AM,
3.20%, 06/25/2027
|
$
|
250,000
|
$247,917
|
|
Series 2017-KGX1, Class AFX,
3.00%, 10/25/2027
|
|
1,000,000
|
984,990
|
|
Series 2018-K074, Class AM,
3.60%, 02/25/2028
|
|
1,000,000
|
994,243
|
|
Series 2018-K154, Class A3,
3.46%, 11/25/2032(i)
|
|
1,000,000
|
952,906
|
|
Series K-161, Class A2, 4.90%,
10/25/2033(i)
|
|
10,000,000
|
10,335,784
|
|
Series K-162, Class A2, 5.15%,
12/25/2033(i)
|
|
15,000,000
|
15,756,261
|
|
Series K-164, Class A2, 5.00%,
05/25/2034
|
|
10,000,000
|
10,396,818
|
|
Freddie Mac STRIPS, 0.00%,
09/15/2030(j)
|
|
350,000
|
291,749
|
|
Seasoned Credit Risk Transfer Trust
|
|
|
|
|
Series 2017-3, Class HT, 3.25%,
07/25/2056
|
|
231,064
|
207,787
|
|
Series 2017-4, Class HT, 3.25%,
06/25/2057
|
|
338,014
|
309,204
|
|
|
|
|
52,051,621
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-2.40%
|
|||
|
0.00%, 12/14/2029(j)
|
|
150,000
|
129,244
|
|
3.55%, 10/01/2033
|
|
444,939
|
421,823
|
|
3.00%, 10/01/2034
|
|
152,179
|
147,509
|
|
4.50%, 04/01/2035 to 04/01/2035
|
|
25,674,580
|
25,600,571
|
|
4.00%, 11/01/2048 to 07/01/2049
|
|
208,291
|
201,802
|
|
3.50%, 08/01/2049
|
|
1,350,747
|
1,267,496
|
|
6.00%, 06/01/2053 to 08/01/2054
|
|
15,354,305
|
15,957,582
|
|
5.50%, 07/01/2053
|
|
5,596,563
|
5,749,320
|
|
|
|
|
49,475,347
|
|
Federal National Mortgage Association (FNMA)-1.66%
|
|||
|
2.82%, 10/01/2029
|
|
461,424
|
445,109
|
|
2.90%, 11/01/2029
|
|
471,286
|
453,892
|
|
3.93%, 12/01/2030
|
|
10,000,000
|
9,926,435
|
|
3.08%, 10/01/2032
|
|
734,176
|
684,540
|
|
3.31%, 01/01/2033
|
|
948,501
|
895,299
|
|
2.50%, 10/01/2034 to 12/01/2034
|
|
1,521,802
|
1,450,490
|
|
4.69%, 04/01/2035
|
|
4,500,000
|
4,579,117
|
|
4.68%, 09/01/2035
|
|
6,140,000
|
6,204,934
|
|
3.50%, 05/01/2047 to 06/01/2047
|
|
1,341,467
|
1,267,880
|
|
4.00%, 11/01/2047
|
|
58,443
|
57,114
|
|
3.00%, 09/01/2049 to 10/01/2049
|
|
2,427,796
|
2,197,964
|
|
5.50%, 09/01/2053
|
|
5,910,303
|
6,063,568
|
|
|
|
|
34,226,342
|
|
Government National Mortgage Association (GNMA)-3.81%
|
|||
|
4.00%, 07/20/2049
|
|
33,837
|
32,435
|
|
TBA, 2.00%, 02/01/2056(k)
|
|
4,826,634
|
4,015,448
|
|
TBA, 2.50%, 02/01/2056(k)
|
|
22,332,321
|
19,347,137
|
|
TBA, 4.50%, 02/01/2056(k)
|
|
16,096,070
|
15,720,730
|
|
TBA, 5.00%, 02/01/2056(k)
|
|
14,603,000
|
14,602,949
|
|
TBA, 5.50%, 02/01/2056(k)
|
|
13,902,317
|
14,056,343
|
|
TBA, 6.00%, 03/01/2056(k)
|
|
10,552,000
|
10,757,072
|
|
|
|
|
78,532,114
|
|
Uniform Mortgage-Backed Securities-21.83%
|
|||
|
TBA, 1.50%, 02/01/2041(k)
|
|
8,760,000
|
7,908,888
|
|
TBA, 2.00%, 02/01/2041 to
02/01/2056(k)
|
|
80,070,914
|
65,505,508
|
|
|
Principal
Amount
|
Value
|
|
|
Uniform Mortgage-Backed Securities-(continued)
|
|||
|
TBA, 4.50%, 02/01/2041 to
02/01/2056(k)
|
$
|
39,242,014
|
$38,648,570
|
|
TBA, 5.00%, 02/01/2041 to
02/01/2056(k)
|
|
70,922,860
|
71,025,267
|
|
TBA, 2.50%, 02/01/2056(k)
|
|
71,669,860
|
60,846,653
|
|
TBA, 3.00%, 02/01/2056(k)
|
|
58,972,549
|
52,279,140
|
|
TBA, 3.50%, 02/01/2056(k)
|
|
34,135,382
|
31,577,499
|
|
TBA, 4.00%, 02/01/2056(k)
|
|
71,351,694
|
68,152,640
|
|
TBA, 5.50%, 02/01/2056(k)
|
|
22,327,376
|
22,641,450
|
|
TBA, 6.00%, 02/01/2056(k)
|
|
13,736,340
|
14,067,876
|
|
TBA, 6.50%, 02/01/2056(k)
|
|
16,240,000
|
16,819,819
|
|
|
|
|
449,473,310
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $662,956,768)
|
663,758,734
|
||
|
|
|||
|
Asset-Backed Securities-22.81%
|
|||
|
AGL CLO 17 Ltd. (Cayman Islands),
Series 2022-17A, Class AR, 4.62%
(3 mo. Term SOFR + 0.95%),
01/21/2035(b)(d)
|
|
4,125,000
|
4,126,848
|
|
AGL CLO 29 Ltd. (Jersey),
Series 2024-29A, Class A1, 5.24%
(3 mo. Term SOFR + 1.57%),
04/21/2037(b)(d)
|
|
6,019,000
|
6,032,519
|
|
ALA Trust, Series 2025-OANA,
Class B, 5.52% (1 mo. Term SOFR
+ 1.84%), 06/15/2040(b)(d)
|
|
4,039,000
|
4,075,767
|
|
AMSR Trust, Series 2021-SFR3,
Class B, 1.73%, 10/17/2038(b)
|
|
4,460,000
|
4,366,806
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.16%,
12/25/2059(b)(i)
|
|
29,530
|
28,978
|
|
Series 2020-3, Class A1, 1.69%,
04/25/2065(b)(i)
|
|
127,663
|
123,135
|
|
Series 2020-5, Class A1, 1.37%,
05/25/2065(b)(i)
|
|
109,287
|
106,069
|
|
Series 2021-3, Class A1, 1.07%,
05/25/2066(b)(i)
|
|
824,553
|
721,102
|
|
Series 2022-1, Class A1, 3.88%,
12/25/2066(b)
|
|
2,013,212
|
1,921,649
|
|
Series 2023-6, Class A1, 6.50%,
12/25/2067(b)
|
|
557,764
|
562,127
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(b)
|
|
2,563,117
|
2,582,934
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(b)
|
|
2,598,153
|
2,626,725
|
|
Series 2024-8, Class A1, 5.34%,
05/27/2069(b)
|
|
6,729,815
|
6,778,559
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(b)
|
|
881,427
|
891,651
|
|
Series 2025-HB1, Class A1, 5.50%
(30 Day Average SOFR + 1.80%),
02/25/2055(b)(d)
|
|
669,979
|
675,099
|
|
Apidos CLO XXV (Cayman Islands),
Series 2016-25A, Class A1R3,
4.81% (3 mo. Term SOFR +
1.14%), 01/20/2037(b)(d)
|
|
3,677,000
|
3,687,682
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Avis Budget Rental Car Funding
(AESOP) LLC
|
|
|
|
|
Series 2023-1A, Class A, 5.25%,
04/20/2029(b)
|
$
|
718,000
|
$734,267
|
|
Series 2023-4A, Class A, 5.49%,
06/20/2029(b)
|
|
2,738,000
|
2,813,451
|
|
Series 2025-3A, Class A, 4.17%,
02/20/2030(b)
|
|
2,024,000
|
2,023,018
|
|
Series 2025-3A, Class B, 4.46%,
02/20/2030(b)
|
|
1,054,000
|
1,054,629
|
|
Series 2025-3A, Class C, 4.95%,
02/20/2030(b)
|
|
433,700
|
433,286
|
|
Series 2025-4A, Class A, 4.40%,
02/20/2032(b)
|
|
4,525,000
|
4,496,910
|
|
Series 2025-4A, Class B, 4.77%,
02/20/2032(b)
|
|
1,972,000
|
1,961,958
|
|
Series 2025-4A, Class C, 5.26%,
02/20/2032(b)
|
|
862,000
|
856,197
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands), Series 2021-1A, Class AR,
4.61% (3 mo. Term SOFR +
0.94%), 04/18/2034(b)(d)
|
|
2,267,000
|
2,267,746
|
|
Bank5, Series 2024-5YR10, Class A,
5.64%, 10/15/2057
|
|
1,020,000
|
1,046,820
|
|
Bayview MSR Opportunity Master
Fund Trust
|
|
|
|
|
Series 2021-4, Class A3, 3.00%,
10/25/2051(b)(i)
|
|
1,461,107
|
1,283,295
|
|
Series 2021-4, Class A4, 2.50%,
10/25/2051(b)(i)
|
|
1,461,107
|
1,230,154
|
|
Series 2021-4, Class A8, 2.50%,
10/25/2051(b)(i)
|
|
1,261,143
|
1,144,211
|
|
Series 2021-5, Class A1, 3.00%,
11/25/2051(b)(i)
|
|
1,592,001
|
1,397,148
|
|
Series 2021-5, Class A2, 2.50%,
11/25/2051(b)(i)
|
|
1,942,600
|
1,635,491
|
|
Bear Stearns Asset Backed Securities I
Trust, Series 2006-HE9, Class 2A,
4.07% (1 mo. Term SOFR +
0.39%), 11/25/2036(d)
|
|
60,174
|
59,497
|
|
Benchmark Mortgage Trust,
Series 2026-V20, Class AM, 5.44%,
02/15/2059
|
|
2,030,000
|
2,094,949
|
|
Benefit Street Partners CLO XXIII Ltd.
(Cayman Islands), Series 2021-23A,
Class A1R, 4.77% (3 mo. Term
SOFR + 1.10%), 04/25/2034(b)(d)
|
|
5,795,000
|
5,803,154
|
|
Benefit Street Partners CLO XXV Ltd.
(Cayman Islands), Series 2021-25A,
Class A1R, 4.67% (3 mo. Term
SOFR + 1.00%), 01/15/2035(b)(d)
|
|
5,715,000
|
5,717,880
|
|
BRAVO Residential Funding Trust
|
|
|
|
|
Series 2021-NQM2, Class A1,
0.97%, 03/25/2060(b)(i)
|
|
73,180
|
72,066
|
|
Series 2021-NQM2, Class A2,
1.28%, 03/25/2060(b)(i)
|
|
240,319
|
236,740
|
|
Buckhorn Park CLO Ltd. (Cayman
Islands), Series 2019-1A,
Class ARR, 4.74% (3 mo. Term
SOFR + 1.07%), 07/18/2034(b)(d)
|
|
3,826,000
|
3,829,378
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
BX Commercial Mortgage Trust
|
|
|
|
|
Series 2024-VLT5, Class A, 5.59%,
11/13/2046(b)(i)
|
$
|
3,115,000
|
$3,176,471
|
|
Series 2024-VLT5, Class B, 5.99%,
11/13/2046(b)(i)
|
|
1,995,000
|
2,048,955
|
|
BX Trust
|
|
|
|
|
Series 2022-LBA6, Class B, 4.98%
(1 mo. Term SOFR + 1.30%),
01/15/2039(b)(d)
|
|
1,285,000
|
1,285,808
|
|
Series 2022-LBA6, Class C, 5.28%
(1 mo. Term SOFR + 1.60%),
01/15/2039(b)(d)
|
|
690,000
|
690,532
|
|
Series 2025-VLT6, Class B, 5.57%
(1 mo. Term SOFR + 1.89%),
03/15/2042(b)(d)
|
|
4,375,000
|
4,383,932
|
|
Carlyle Global Market Strategies CLO
Ltd. (Cayman Islands), Series 2016-
1A, Class A1R3, 4.76% (3 mo.
Term SOFR + 1.09%),
04/20/2034(b)(d)
|
|
2,500,000
|
2,501,175
|
|
CarMax Auto Owner Trust,
Series 2024-1, Class A3, 4.92%,
10/16/2028
|
|
3,114,814
|
3,138,812
|
|
Cedar Funding XI CLO Ltd. (Cayman
Islands), Series 2019-11A,
Class A1R2, 4.85% (3 mo. Term
SOFR + 1.06%), 05/29/2032(b)(d)
|
|
4,839,214
|
4,846,739
|
|
Chase Home Lending Mortgage Trust,
Series 2019-ATR2, Class A3,
3.50%, 07/25/2049(b)(i)
|
|
65,981
|
60,650
|
|
Citigroup Mortgage Loan Trust
|
|
|
|
|
Series 2021-INV3, Class A3,
2.50%, 05/25/2051(b)(i)
|
|
1,482,032
|
1,247,772
|
|
Series 2024-1, Class A3A, 6.00%,
07/25/2054(b)(i)
|
|
1,927,902
|
1,960,515
|
|
CLI Funding IX LLC, Series 2025-1A,
Class A, 5.35%, 06/20/2050(b)
|
|
2,021,711
|
2,053,654
|
|
Clover CLO LLC, Series 2021-3A,
Class AR, 4.74% (3 mo. Term SOFR
+ 1.07%), 01/25/2035(b)(d)
|
|
6,000,000
|
6,006,660
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2022-1, Class A1, 2.28%,
12/27/2066(b)(i)
|
|
1,075,300
|
1,000,408
|
|
Series 2022-2, Class A1, 2.99%,
02/25/2067(b)
|
|
1,215,202
|
1,171,805
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(b)
|
|
2,401,419
|
2,431,340
|
|
Credit Suisse Mortgage Capital Trust
|
|
|
|
|
Series 2021-NQM1, Class A1,
0.81%, 05/25/2065(b)(i)
|
|
296,281
|
271,244
|
|
Series 2021-NQM2, Class A1,
1.18%, 02/25/2066(b)(i)
|
|
185,868
|
168,263
|
|
Series 2022-ATH1, Class A1A,
2.87%, 01/25/2067(b)(i)
|
|
1,318,816
|
1,293,187
|
|
Series 2022-ATH1, Class A1B,
3.35%, 01/25/2067(b)(i)
|
|
1,160,000
|
1,090,855
|
|
Cross Mortgage Trust, Series 2024-
H8, Class A1, 5.55%,
12/25/2069(b)(i)
|
|
6,498,416
|
6,569,935
|
|
CSAIL Commercial Mortgage Trust,
Series 2020-C19, Class A3, 2.56%,
03/15/2053
|
|
1,459,000
|
1,333,893
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
DB Master Finance LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(b)
|
$
|
1,510,000
|
$1,510,307
|
|
Series 2025-1A, Class A2II, 5.17%,
08/20/2055(b)
|
|
1,160,000
|
1,161,017
|
|
DLLST LLC, Series 2024-1A,
Class A3, 5.05%, 08/20/2027(b)
|
|
1,279,088
|
1,284,770
|
|
Domino’s Pizza Master Issuer LLC
|
|
|
|
|
Series 2019-1A, Class A2, 3.67%,
10/25/2049(b)
|
|
1,920,000
|
1,859,730
|
|
Series 2025-1A, Class A2I, 4.93%,
07/25/2055(b)
|
|
3,281,775
|
3,300,390
|
|
Series 2025-1A, Class A2II, 5.22%,
07/25/2055(b)
|
|
2,822,925
|
2,843,228
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2019-2, Class A1, 2.74%,
11/25/2059(b)(i)
|
|
77,820
|
76,008
|
|
Series 2021-1, Class A1, 0.80%,
02/25/2066(b)(i)
|
|
202,835
|
179,217
|
|
Series 2022-1, Class A1, 2.21%,
01/25/2067(b)(i)
|
|
1,097,322
|
986,748
|
|
Series 2024-INV2, Class A1,
5.04%, 10/25/2069(b)
|
|
1,494,481
|
1,500,551
|
|
Series 2025-NQM2, Class A1,
5.60%, 06/25/2070(b)(i)
|
|
7,552,022
|
7,654,020
|
|
Elmwood CLO 15 Ltd., Series 2022-
2A, Class A1R, 4.82% (3 mo. Term
SOFR + 1.15%), 04/22/2035(b)(d)
|
|
2,280,000
|
2,282,125
|
|
Empower CLO Ltd. (Cayman Islands),
Series 2024-1A, Class A1, 5.27%
(3 mo. Term SOFR + 1.60%),
04/25/2037(b)(d)
|
|
2,575,000
|
2,582,081
|
|
Enterprise Fleet Financing LLC
|
|
|
|
|
Series 2024-2, Class A2, 5.74%,
12/20/2026(b)
|
|
236,474
|
237,194
|
|
Series 2024-2, Class A3, 5.61%,
04/20/2028(b)
|
|
440,000
|
447,271
|
|
Series 2024-2, Class A4, 5.69%,
12/20/2030(b)
|
|
515,000
|
531,446
|
|
Flagstar Mortgage Trust
|
|
|
|
|
Series 2021-11IN, Class A6,
3.70%, 11/25/2051(b)(i)
|
|
2,215,898
|
2,007,915
|
|
Series 2021-8INV, Class A6,
2.50%, 09/25/2051(b)(i)
|
|
787,792
|
718,559
|
|
Fort Greene Park CLO LLC,
Series 2025-2A, Class AR, 4.62%
(3 mo. Term SOFR + 0.95%),
04/22/2034(b)(d)
|
|
8,896,000
|
8,898,678
|
|
GCAT Trust
|
|
|
|
|
Series 2019-NQM3, Class A1,
3.69%, 11/25/2059(b)(i)
|
|
109,650
|
108,226
|
|
Series 2024-INV1, Class 2A2,
6.50%, 01/25/2054(b)(i)
|
|
5,157,110
|
5,287,298
|
|
Series 2025-NQM2, Class A1,
5.60%, 04/25/2070(b)
|
|
2,917,838
|
2,958,807
|
|
Series 2025-NQM4, Class A1A,
5.53%, 06/25/2070(b)
|
|
3,617,732
|
3,667,615
|
|
GGP Trust, Series 2026-TY, Class A,
4.67%, 03/05/2043(b)(i)
|
|
3,005,000
|
3,005,000
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Goldentree Loan Management US CLO
1 Ltd. (Cayman Islands),
Series 2017-1A, Class A1R3,
4.64% (3 mo. Term SOFR +
0.97%), 04/20/2034(b)(d)
|
$
|
1,539,000
|
$1,539,508
|
|
Goldentree Loan Management US CLO
11 Ltd. (Cayman Islands),
Series 2021-11A, Class AR, 4.75%
(3 mo. Term SOFR + 1.08%),
10/20/2034(b)(d)
|
|
3,090,000
|
3,091,307
|
|
GoldenTree Loan Management US
CLO 8 Ltd. (Cayman Islands),
Series 2020-8A, Class ARR, 4.82%
(3 mo. Term SOFR + 1.15%),
10/20/2034(b)(d)
|
|
5,223,000
|
5,229,853
|
|
Golub Capital Partners CLO 53(B) Ltd.
(Cayman Islands), Series 2021-53A,
Class AR, 4.65% (3 mo. Term SOFR
+ 0.98%), 07/20/2034(b)(d)
|
|
5,796,000
|
5,797,837
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2021-INV1, Class A6,
2.50%, 12/25/2051(b)(i)
|
|
3,181,122
|
2,883,029
|
|
Series 2025-HE1, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(d)
|
|
1,609,342
|
1,619,336
|
|
Hertz Vehicle Financing III L.P.
|
|
|
|
|
Series 2021-2A, Class A, 1.68%,
12/27/2027(b)
|
|
2,694,000
|
2,651,499
|
|
Series 2021-2A, Class B, 2.12%,
12/27/2027(b)
|
|
286,000
|
281,467
|
|
Hilton Grand Vacations Trust,
Series 2025-1A, Class A, 4.88%,
05/27/2042(b)
|
|
1,179,074
|
1,195,893
|
|
Invitation Homes Trust, Series 2024-
SFR1, Class A, 4.00%,
09/17/2041(b)
|
|
4,182,835
|
4,117,959
|
|
IP Mortgage Trust, Series 2025-IP,
Class A, 5.25%, 06/10/2042(b)(i)
|
|
5,716,000
|
5,823,613
|
|
J.P. Morgan Mortgage Trust,
Series 2025-NQM3, Class A1,
5.50%, 11/25/2065(b)(i)
|
|
3,538,716
|
3,580,921
|
|
JP Morgan Mortgage Trust
|
|
|
|
|
Series 2021-LTV2, Class A1,
2.52%, 05/25/2052(b)(i)
|
|
1,883,639
|
1,622,162
|
|
Series 2024-8, Class A3, 5.50%,
01/25/2055(b)(i)
|
|
4,193,754
|
4,230,601
|
|
Series 2024-VIS1, Class A1, 5.99%,
07/25/2064(b)(i)
|
|
1,800,037
|
1,819,566
|
|
Juniper Valley Park CLO Ltd. (Jersey),
Series 2023-1A, Class ARR, 4.75%
(3 mo. Term SOFR + 1.08%),
07/20/2036(b)(d)
|
|
4,090,000
|
4,100,507
|
|
KKR CLO 15 Ltd. (Cayman Islands),
Series 15, Class A1R2, 4.77% (3
mo. Term SOFR + 1.10%),
01/18/2032(b)(d)
|
|
3,247,841
|
3,249,416
|
|
Life Mortgage Trust, Series 2021-
BMR, Class C, 4.89% (1 mo. Term
SOFR + 1.21%), 03/15/2038(b)(d)
|
|
53,400
|
53,141
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Madison Park Funding XXXIII Ltd.
(Cayman Islands), Series 2019-33A,
Class AR, 4.96% (3 mo. Term SOFR
+ 1.29%), 10/15/2032(b)(d)
|
$
|
2,033,860
|
$2,037,330
|
|
Mello Mortgage Capital Acceptance
Trust
|
|
|
|
|
Series 2021-INV2, Class A4,
2.50%, 08/25/2051(b)(i)
|
|
817,780
|
740,636
|
|
Series 2021-INV3, Class A4,
2.50%, 10/25/2051(b)(i)
|
|
879,161
|
794,482
|
|
Merchants Fleet Funding LLC,
Series 2025-1A, Class A, 4.49%,
01/20/2039(b)
|
|
1,460,000
|
1,470,626
|
|
Metronet Infrastructure Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2, 6.01%,
07/20/2055(h)
|
|
2,750,000
|
2,819,544
|
|
Series 2025-4A, Class A2, 5.16%,
12/20/2055(b)
|
|
1,190,000
|
1,202,478
|
|
MFA Trust, Series 2021-INV2,
Class A1, 1.91%, 11/25/2056(b)(i)
|
|
2,835,963
|
2,617,017
|
|
MILE Trust
|
|
|
|
|
Series 2025-STNE, Class A, 5.18%
(1 mo. Term SOFR + 1.50%),
07/15/2042(b)(d)
|
|
4,695,000
|
4,707,723
|
|
Series 2025-STNE, Class B, 5.38%
(1 mo. Term SOFR + 1.70%),
07/15/2042(b)(d)
|
|
1,425,000
|
1,429,136
|
|
Series 2025-STNE, Class C, 5.78%
(1 mo. Term SOFR + 2.10%),
07/15/2042(b)(d)
|
|
1,200,000
|
1,203,927
|
|
Morgan Stanley Capital I Trust,
Series 2019-L3, Class AS, 3.49%,
11/15/2052
|
|
1,580,000
|
1,505,958
|
|
Morgan Stanley Residential Mortgage
Loan Trust, Series 2025-NQM1,
Class A1, 5.74%, 11/25/2069(b)(i)
|
|
7,234,908
|
7,335,902
|
|
Navient Refinance Loan Trust,
Series 2025-A, Class A, 5.15%,
02/16/2055(b)
|
|
5,991,739
|
6,070,734
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2019-NQM4, Class A1,
2.49%, 09/25/2059(b)(i)
|
|
84,468
|
81,758
|
|
Series 2020-NQM1, Class A1,
2.46%, 01/26/2060(b)(i)
|
|
342,895
|
325,190
|
|
Series 2022-NQM2, Class A1,
3.08%, 03/27/2062(b)(i)
|
|
1,162,280
|
1,106,657
|
|
Series 2024-NQM3, Class A1,
5.47%, 11/25/2064(b)
|
|
803,961
|
816,837
|
|
Series 2025-NQM2, Class A1,
5.57%, 04/25/2065(b)
|
|
8,299,539
|
8,422,422
|
|
NextGear Floorplan Master Owner
Trust, Series 2025-2A, Class A2,
4.23%, 10/15/2030(b)
|
|
1,310,000
|
1,316,000
|
|
Oaktree CLO Ltd. (Cayman Islands),
Series 2021-2A, Class AR, 4.64%
(3 mo. Term SOFR + 0.97%),
01/15/2035(b)(d)
|
|
6,445,000
|
6,440,405
|
|
OBX Trust
|
|
|
|
|
Series 2021-NQM4, Class A1,
1.96%, 10/25/2061(b)(i)
|
|
1,495,487
|
1,298,969
|
|
Series 2022-NQM1, Class A1,
2.31%, 11/25/2061(b)(i)
|
|
1,327,527
|
1,217,297
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2022-NQM2, Class A1B,
3.38%, 01/25/2062(b)
|
$
|
1,415,000
|
$1,306,669
|
|
Series 2024-NQM14, Class A1,
4.94%, 09/25/2064(b)
|
|
1,529,341
|
1,535,424
|
|
Series 2024-NQM18, Class A1,
5.41%, 10/25/2064(b)(i)
|
|
982,670
|
991,941
|
|
Oceanview Mortgage Trust,
Series 2021-3, Class A5, 2.50%,
07/25/2051(b)(i)
|
|
926,638
|
840,860
|
|
Palmer Square Loan Funding Ltd.
(Cayman Islands), Series 2025-2A,
Class A1, 4.61% (3 mo. Term SOFR
+ 0.94%), 07/15/2033(b)(d)
|
|
4,583,290
|
4,587,631
|
|
Pikes Peak CLO 6 (Cayman Islands),
Series 2020-6A, Class ARR, 4.81%
(3 mo. Term SOFR + 0.94%),
05/18/2034(b)(d)
|
|
4,742,000
|
4,744,371
|
|
Planet Fitness Master Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 5.27%,
12/06/2055(b)
|
|
4,100,000
|
4,137,204
|
|
Series 2025-1A, Class A2II, 5.65%,
12/06/2055(b)
|
|
3,300,000
|
3,305,895
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%, 01/25/2060(b)(i)
|
|
1,362,634
|
1,388,841
|
|
Provident Funding Mortgage Trust,
Series 2025-4, Class A1, 6.00%,
09/25/2055(b)(i)
|
|
4,426,646
|
4,501,529
|
|
Qdoba Funding LLC, Series 2023-1A,
Class A2, 8.50%, 09/14/2053(b)
|
|
6,383,003
|
6,664,513
|
|
Rate Mortgage Trust
|
|
|
|
|
Series 2024-J4, Class A1, 6.00%,
12/25/2054(b)(i)
|
|
1,866,837
|
1,895,787
|
|
Series 2025-J1, Class A4, 6.00%,
03/25/2055(b)(i)
|
|
1,550,007
|
1,575,628
|
|
Series 2025-J2, Class A5, 5.50%,
07/25/2055(b)(i)
|
|
6,111,669
|
6,146,466
|
|
RCKT Mortgage Trust
|
|
|
|
|
Series 2025-CES6, Class A1A,
5.47%, 06/25/2055(b)
|
|
2,826,726
|
2,860,418
|
|
Series 2025-CES7, Class A1A,
5.38%, 07/25/2055(b)
|
|
1,369,600
|
1,384,788
|
|
Residential Mortgage Loan Trust,
Series 2020-1, Class A1, 2.38%,
01/26/2060(b)(i)
|
|
2,758
|
2,748
|
|
RR 16 Ltd. (Cayman Islands),
Series 2021-16A, Class A1R,
4.72% (3 mo. Term SOFR +
1.05%), 07/15/2036(b)(d)
|
|
2,910,000
|
2,911,862
|
|
SG Residential Mortgage Trust,
Series 2022-1, Class A1, 3.17%,
03/27/2062(b)(i)
|
|
2,123,136
|
2,018,465
|
|
Shackleton CLO Ltd. (Cayman
Islands), Series 2015-7RA,
Class ARR, 4.77% (3 mo. Term
SOFR + 1.10%), 07/15/2031(b)(d)
|
|
171,948
|
172,006
|
|
Signal Peak CLO 1 Ltd., Series 2014-
1A, Class AR4, 4.75% (3 mo. Term
SOFR + 1.08%), 04/17/2034(b)(d)
|
|
6,080,000
|
6,090,652
|
|
Signal Peak CLO 4 Ltd. (Cayman
Islands), Series 2017-4A,
Class AR2, 4.79% (3 mo. Term
SOFR + 1.12%), 10/26/2034(b)(d)
|
|
6,145,000
|
6,153,228
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Sonic Capital LLC
|
|
|
|
|
Series 2020-1A, Class A2I, 3.85%,
01/20/2050(b)
|
$
|
3,431,484
|
$3,401,350
|
|
Series 2021-1A, Class A2I, 2.19%,
08/20/2051(b)
|
|
1,760,267
|
1,646,195
|
|
Series 2021-1A, Class A2II, 2.64%,
08/20/2051(b)
|
|
1,798,534
|
1,565,921
|
|
STAR Trust, Series 2021-1, Class A1,
1.22%, 05/25/2065(b)(i)
|
|
485,719
|
459,935
|
|
Starwood Mortgage Residential Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.28%,
02/25/2050(b)(i)
|
|
9,088
|
8,796
|
|
Series 2020-INV1, Class A1,
1.03%, 11/25/2055(b)(i)
|
|
191,590
|
184,447
|
|
Series 2021-6, Class A1, 1.92%,
11/25/2066(b)(i)
|
|
1,804,182
|
1,611,230
|
|
Series 2022-1, Class A1, 2.45%,
12/25/2066(b)(i)
|
|
1,376,801
|
1,250,211
|
|
Store Master Funding I-VII,
Series 2016-1A, Class A2, 4.32%,
10/20/2046(b)
|
|
409,609
|
405,751
|
|
Subway Funding LLC
|
|
|
|
|
Series 2024-1A, Class A23, 6.51%,
07/30/2054(b)
|
|
3,527,350
|
3,626,782
|
|
Series 2024-1A, Class A2I, 6.03%,
07/30/2054(b)
|
|
2,024,375
|
2,052,704
|
|
Series 2024-1A, Class A2I, 6.27%,
07/30/2054(b)
|
|
6,776,225
|
6,921,913
|
|
Series 2024-3A, Class A23, 5.91%,
07/30/2054(b)
|
|
3,964,813
|
3,915,633
|
|
Series 2024-3A, Class A2I, 5.25%,
07/30/2054(b)
|
|
5,011,563
|
4,994,050
|
|
Series 2024-3A, Class A2I, 5.57%,
07/30/2054(b)
|
|
3,071,125
|
3,063,794
|
|
Switch ABS Issuer LLC, Series 2025-
2A, Class A21, 5.12%,
10/25/2055(b)
|
|
1,800,000
|
1,797,223
|
|
Symphony CLO XVI Ltd. (Cayman
Islands), Series 2015-16A,
Class ARR, 4.87% (3 mo. Term
SOFR + 1.20%), 10/15/2031(b)(d)
|
|
296,271
|
296,644
|
|
Symphony CLO XX Ltd. (Cayman
Islands), Series 2018-20A,
Class AR2, 4.77% (3 mo. Term
SOFR + 1.10%), 01/16/2032(b)(d)
|
|
1,135,610
|
1,139,530
|
|
Symphony CLO XXI Ltd. (Cayman
Islands), Series 2019-21A,
Class AR2, 4.57% (3 mo. Term
SOFR + 0.90%), 07/15/2032(b)(d)
|
|
2,712,941
|
2,714,737
|
|
Symphony CLO XXII Ltd. (Cayman
Islands), Series 2020-22A,
Class A1AR, 4.85% (3 mo. Term
SOFR + 1.18%), 04/18/2033(b)(d)
|
|
2,705,682
|
2,707,005
|
|
Symphony CLO XXIII Ltd. (Cayman
Islands), Series 2020-23A,
Class AR2, 4.57% (3 mo. Term
SOFR + 0.90%), 01/15/2034(b)(d)
|
|
1,856,713
|
1,857,627
|
|
Taco Bell Funding LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.82%,
08/25/2055(b)
|
|
2,320,000
|
2,313,631
|
|
Series 2025-1A, Class A2II, 5.05%,
08/25/2055(b)
|
|
1,230,000
|
1,231,120
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Textainer Marine Containers VII Ltd.
(China), Series 2021-2A, Class A,
2.23%, 04/20/2046(b)
|
$
|
998,200
|
$945,369
|
|
Thayer Park, CLO Ltd., Series 2017-
1A, Class A1RR, 4.67% (3 mo.
Term SOFR + 1.00%),
04/20/2034(b)(d)
|
|
2,850,000
|
2,855,130
|
|
TierPoint Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2, 6.15%,
04/26/2055(b)
|
|
4,120,000
|
4,183,457
|
|
Series 2025-2A, Class A2, 6.40%,
04/26/2055(b)
|
|
3,221,000
|
3,245,787
|
|
Tricon American Homes Trust,
Series 2020-SFR2, Class A, 1.48%,
11/17/2039(b)
|
|
891,201
|
849,955
|
|
Tricon Residential Trust, Series 2025-
SFR1, Class A, 4.78% (1 mo. Term
SOFR + 1.10%), 03/17/2042(b)(d)
|
|
4,619,653
|
4,623,855
|
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.23%,
07/13/2044(b)(i)
|
|
4,760,000
|
4,813,534
|
|
Series 2025-AZ, Class C, 6.03%,
07/13/2044(b)(i)
|
|
800,000
|
814,845
|
|
Series 2025-AZ, Class D, 6.43%,
07/13/2044(b)(i)
|
|
4,657,000
|
4,761,785
|
|
Verus Securitization Trust
|
|
|
|
|
Series 2021-1, Class A1B, 0.82%,
01/25/2066(b)(i)
|
|
558,869
|
512,938
|
|
Series 2021-2, Class A1, 1.03%,
02/25/2066(b)(i)
|
|
781,712
|
719,800
|
|
Series 2021-7, Class A1, 2.83%,
10/25/2066(b)
|
|
1,399,361
|
1,300,817
|
|
Series 2021-R1, Class A1, 0.82%,
10/25/2063(b)(i)
|
|
224,198
|
218,170
|
|
Series 2022-1, Class A1, 3.72%,
01/25/2067(b)
|
|
1,104,181
|
1,051,691
|
|
Series 2024-7, Class A1, 5.10%,
09/25/2069(b)(i)
|
|
2,154,932
|
2,166,016
|
|
Visio Trust, Series 2020-1R, Class A1,
1.31%, 11/25/2055(b)
|
|
67,979
|
66,167
|
|
Wells Fargo Commercial Mortgage
Trust, Series 2016-NXS5, Class XA,
IO, 1.12%, 01/15/2059(l)
|
|
26,577
|
1
|
|
Wendy’s Funding LLC, Series 2019-
1A, Class A2II, 4.08%,
06/15/2049(b)
|
|
439,948
|
430,904
|
|
WEST Trust, Series 2025-ROSE,
Class A, 5.28%, 04/10/2035(b)(i)
|
|
3,098,000
|
3,147,935
|
|
WFRBS Commercial Mortgage Trust,
Series 2014-C23, Class B, 4.28%,
10/15/2057(i)
|
|
307,000
|
297,737
|
|
Whetstone Park CLO Ltd.,
Series 2021-1A, Class A1R, 4.74%
(3 mo. Term SOFR + 1.07%),
01/20/2035(b)(d)
|
|
9,140,000
|
9,157,075
|
|
Zaxby’s Funding LLC
|
|
|
|
|
Series 2021-1A, Class A2, 3.24%,
07/30/2051(b)
|
|
4,106,500
|
3,919,160
|
|
Series 2024-1A, Class A2I, 6.59%,
04/30/2054(b)
|
|
1,182,000
|
1,210,755
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Zayo Issuer LLC
|
|
|
|
|
Series 2025-2A, Class A2, 5.95%,
06/20/2055(b)
|
$
|
7,989,000
|
$8,214,381
|
|
Series 2025-3A, Class A2, 5.57%,
10/20/2055(b)
|
|
2,703,000
|
2,728,569
|
|
Total Asset-Backed Securities
(Cost $472,625,960)
|
469,788,332
|
||
|
U.S. Treasury Securities-18.01%
|
|||
|
U.S. Treasury Bills-0.88%(m)
|
|||
|
3.53%–4.15%, 05/14/2026(n)
|
|
18,253,000
|
18,070,924
|
|
U.S. Treasury Bonds-5.49%
|
|||
|
4.63%, 11/15/2045
|
|
10,650,100
|
10,359,719
|
|
4.75%, 08/15/2055
|
|
105,018,600
|
102,737,727
|
|
|
|
|
113,097,446
|
|
U.S. Treasury Notes-11.64%
|
|||
|
3.38%, 12/31/2027
|
|
44,763,400
|
44,635,754
|
|
3.50%, 01/15/2029
|
|
32,338,600
|
32,246,385
|
|
3.63%, 12/31/2030
|
|
46,322,200
|
45,963,926
|
|
3.88%, 12/31/2032
|
|
13,142,100
|
13,027,107
|
|
4.00%, 11/15/2035
|
|
106,069,500
|
103,906,677
|
|
|
|
|
239,779,849
|
|
Total U.S. Treasury Securities
(Cost $373,043,099)
|
370,948,219
|
||
|
Variable Rate Senior Loan Interests-1.61%(o)(p)
|
|||
|
Aerospace & Defense-0.05%
|
|||
|
TransDigm, Inc., Term Loan M, 6.17%
(1 mo. Term SOFR+ 2.50%),
08/30/2032
|
|
1,024,100
|
1,024,490
|
|
Passenger Airlines-0.22%
|
|||
|
AAdvantage Loyality IP Ltd.
(American Airlines, Inc.), Term Loan
B, 6.92% (3 mo. Term SOFR+
3.25%), 05/07/2032
|
|
4,461,585
|
4,475,528
|
|
Restaurants-0.94%
|
|||
|
Raising Cane’s Restaurants LLC
|
|
|
|
|
Term Loan, 5.69% (1 mo. Term
SOFR+ 2.00%), 11/03/2032
|
|
10,755,000
|
10,741,610
|
|
Term Loan B, 5.67% (1 mo. Term
SOFR+ 2.00%), 09/10/2031
|
|
8,515,284
|
8,506,428
|
|
|
|
|
19,248,038
|
|
Wireless Telecommunication Services-0.40%
|
|||
|
X Corp., Term Loan B, 9.50%,
10/27/2029
|
|
8,000,000
|
8,294,000
|
|
Total Variable Rate Senior Loan Interests
(Cost $32,713,215)
|
33,042,056
|
||
|
|
Shares
|
|
|
|
Exchange-Traded Funds-1.31%
|
|||
|
Invesco Core Fixed Income ETF(q)
|
|
96,500
|
2,449,672
|
|
Invesco High Yield Bond Factor
ETF(c)(q)
|
|
178,200
|
4,042,467
|
|
Invesco High Yield Select ETF(c)(q)
|
|
9,000
|
231,345
|
|
Invesco Short Duration Total Return
Bond ETF(q)
|
|
803,300
|
20,235,127
|
|
Total Exchange-Traded Funds
(Cost $26,899,860)
|
26,958,611
|
||
|
|
Principal
Amount
|
Value
|
|
|
Municipal Obligations-0.61%
|
|||
|
Illinois (State of), Series 2010-1, GO
Bonds, (INS - AGI), 6.63%,
02/01/2035(r)
|
$
|
153,846
|
$162,294
|
|
Los Angeles (City of), CA Department
of Water & Power, Series 2010, RB,
6.57%, 07/01/2045
|
|
255,000
|
276,206
|
|
Virgin Islands (Government of) Public
Finance Authority (Frenchman’s
Reef Hotel Development),
Series 2024 B, RB, 9.00%,
04/01/2053(b)
|
|
12,000,000
|
12,007,504
|
|
Total Municipal Obligations(s)
(Cost $12,520,914)
|
12,446,004
|
||
|
|
Shares
|
|
|
|
Preferred Stocks-0.41%
|
|||
|
Aerospace & Defense-0.04%
|
|||
|
Boeing Co. (The), Conv. Pfd., 6.00%,
10/15/2027
|
|
12,000
|
896,640
|
|
Diversified Banks-0.09%
|
|||
|
Citigroup, Inc., Series II, Pfd., 6.25%
|
|
71,150
|
1,785,154
|
|
Diversified Financial Services-0.14%
|
|||
|
Apollo Global Management, Inc., Pfd.,
7.63%, 09/15/2053(e)
|
|
111,250
|
2,932,550
|
|
Electric Utilities-0.02%
|
|||
|
Southern Co. (The), Series A, Conv.
Pfd., 7.13%, 12/15/2028
|
|
7,000
|
358,750
|
|
Regional Banks-0.12%
|
|||
|
M&T Bank Corp., Series J, Pfd.,
7.50%
|
|
91,792
|
2,466,451
|
|
Total Preferred Stocks
(Cost $7,804,800)
|
8,439,545
|
||
|
|
Principal
Amount
|
|
|
|
Agency Credit Risk Transfer Notes-0.15%
|
|||
|
Fannie Mae Connecticut Avenue
Securities
|
|
|
|
|
Series 2023-R02, Class 1M1,
6.00% (30 Day Average SOFR +
2.30%), 01/25/2043(b)(d)(t)
|
$
|
408,716
|
417,658
|
|
Series 2025-R04, Class 1A1,
4.70% (30 Day Average SOFR +
1.00%), 05/25/2045(b)(d)(t)
|
|
1,956,594
|
1,959,363
|
|
Freddie Mac
|
|
|
|
|
Series 2023-DNA1, Class M1,
STACR®, 5.80% (30 Day Average
SOFR + 2.10%),
03/25/2043(b)(d)(u)
|
|
300,362
|
304,056
|
|
Series 2025-DNA4, Class A1,
STACR®, 4.60% (30 Day Average
SOFR + 0.90%),
10/25/2045(b)(d)(u)
|
|
474,813
|
475,232
|
|
Total Agency Credit Risk Transfer Notes
(Cost $3,140,484)
|
3,156,309
|
||
|
|
|||
|
U.S. Government Sponsored Agency Securities-0.12%
|
|||
|
Fannie Mae STRIPS
|
|
|
|
|
0.00%, 05/15/2029(j)
|
|
450,000
|
398,581
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
0.00%, 01/15/2030(j)
|
$
|
1,300,000
|
$1,120,473
|
|
0.00%, 05/15/2030(j)
|
|
850,000
|
720,050
|
|
Tennessee Valley Authority
|
|
|
|
|
5.38%, 04/01/2056(c)
|
|
100,000
|
101,392
|
|
4.25%, 09/15/2065(c)
|
|
250,000
|
205,972
|
|
Total U.S. Government Sponsored Agency Securities
(Cost $2,189,019)
|
2,546,468
|
||
|
Non-U.S. Dollar Denominated Bonds & Notes-0.02%(v)
|
|||
|
Drug Retail-0.02%
|
|||
|
Boots Group Finco L.P. (United
Kingdom), 5.38%, 08/31/2032(b)
(Cost $465,900)
|
EUR
|
400,000
|
491,987
|
|
|
Shares
|
|
|
|
Options Purchased-0.05%
|
|||
|
(Cost $1,084,164)†
|
929,190
|
||
|
Money Market Funds-7.81%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
3.61%(q)(w)
(Cost $160,867,202)
|
|
160,867,202
|
160,867,202
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-124.68%
(Cost $2,563,958,477)
|
2,567,575,285
|
||
|
|
Principal
Amount
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-6.45%
|
|||
|
Invesco Private Government Fund,
3.65%(q)(w)(x)
|
|
36,931,253
|
$36,931,253
|
|
Invesco Private Prime Fund,
3.80%(q)(w)(x)
|
|
95,916,019
|
95,944,794
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $132,876,047)
|
132,876,047
|
||
|
TOTAL INVESTMENTS IN SECURITIES-131.13%
(Cost $2,696,834,524)
|
2,700,451,332
|
||
|
OTHER ASSETS LESS LIABILITIES-(31.13)%
|
(641,071,060
)
|
||
|
NET ASSETS-100.00%
|
$2,059,380,272
|
||
|
Investment Abbreviations:
|
|
|
AGI
|
-Assured Guaranty, Inc.
|
|
Conv.
|
-Convertible
|
|
Ctfs.
|
-Certificates
|
|
ETF
|
-Exchange-Traded Fund
|
|
EUR
|
-Euro
|
|
GO
|
-General Obligation
|
|
INS
|
-Insurer
|
|
IO
|
-Interest Only
|
|
Pfd.
|
-Preferred
|
|
RB
|
-Revenue Bonds
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
STRIPS
|
-Separately Traded Registered Interest and Principal Security
|
|
TBA
|
-To Be Announced
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $849,702,477, which represented 41.26% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Perpetual bond with no specified maturity date.
|
|
(g)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at January 31,
2026 was $171,704, which represented less than 1% of the Fund’s Net Assets.
|
|
(h)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(i)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate
shown is the rate in effect on January 31, 2026.
|
|
(j)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(k)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(l)
|
Interest only security. Principal amount shown is the notional principal and does
not reflect the maturity value of the security. Interest rate is redetermined
periodically based on the cash flows generated by the pool of assets backing the security,
less any applicable fees. The rate shown is the rate in effect on
January 31, 2026.
|
|
(m)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(n)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(o)
|
Variable rate senior loan interests often require prepayments from excess cash flow
or permit the borrower to repay at its election. The degree to which
borrowers repay, whether as a contractual requirement or at their election, cannot
be predicted with any accuracy. As a result, the actual remaining maturity
may be substantially less than the stated maturities shown. However, it is anticipated
that the variable rate senior loan interests will have an expected average
life of three to five years.
|
|
(p)
|
Variable rate senior loan interests are, at present, not readily marketable, not registered
under the 1933 Act and may be subject to contractual and legal
restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the Secured
Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not
greater than one year, and/or have interest rates that float at margin above
a widely recognized base lending rate such as the Prime Rate of a designated U.S.
bank.
|
|
(q)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Invesco Core Fixed
Income ETF
|
$229,338
|
$2,226,460
|
$-
|
$(6,126
)
|
$-
|
$2,449,672
|
$12,495
|
|
Invesco High Yield
Bond Factor ETF
|
2,510,551
|
1,525,501
|
-
|
6,415
|
-
|
4,042,467
|
56,065
|
|
Invesco High Yield
Select ETF
|
231,371
|
-
|
(630
)
|
(26
)
|
630
|
231,345
|
3,697
|
|
Invesco Short
Duration Total Return
Bond ETF
|
7,866,368
|
12,315,294
|
-
|
53,465
|
-
|
20,235,127
|
206,021
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
-
|
609,249,307
|
(448,382,105
)
|
-
|
-
|
160,867,202
|
725,202
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
33,601,272
|
79,673,731
|
(76,343,750
)
|
-
|
-
|
36,931,253
|
333,587
*
|
|
Invesco Private Prime
Fund
|
96,659,440
|
155,679,093
|
(156,393,739
)
|
813
|
(813
)
|
95,944,794
|
907,360
*
|
|
Total
|
$141,098,340
|
$860,669,386
|
$(681,120,224
)
|
$54,541
|
$(183
)
|
$320,701,860
|
$2,244,427
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(r)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(s)
|
Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s
obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each.
|
|
(t)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(u)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(v)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(w)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(x)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
†
|
The table below details options purchased.
|
|
Open Exchange-Traded Index Options Purchased
|
||||||||
|
Description
|
Type of
Contract
|
Expiration Date
|
Number of
Contracts
|
Exercise Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
S&P 500 Index
|
Call
|
05/15/2026
|
47
|
|
$7,050
|
|
$33,135,000
|
$929,190
|
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
1,606
|
March-2026
|
$334,838,454
|
$(301,748
)
|
$(301,748
)
|
|
Open Futures Contracts—(continued)
|
|||||
|
Long Futures Contracts—(continued)
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
U.S. Treasury Long Bonds
|
71
|
March-2026
|
$8,173,875
|
$(26,137
)
|
$(26,137
)
|
|
U.S. Treasury Ultra Bonds
|
248
|
March-2026
|
29,124,500
|
(175,360
)
|
(175,360
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(503,245
)
|
(503,245
)
|
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 5 Year Notes
|
302
|
March-2026
|
(32,896,766
)
|
(2,464
)
|
(2,464
)
|
|
U.S. Treasury 10 Year Notes
|
1,134
|
March-2026
|
(126,813,094
)
|
763,645
|
763,645
|
|
U.S. Treasury 10 Year Ultra Notes
|
640
|
March-2026
|
(73,060,000
)
|
280,719
|
280,719
|
|
Subtotal—Short Futures Contracts
|
|
|
|
1,041,900
|
1,041,900
|
|
Total Futures Contracts
|
$538,655
|
$538,655
|
|||
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
4/28/2026
|
Canadian Imperial Bank of Commerce
|
GBP
|
375,000
|
USD
|
506,147
|
$(8,384
)
|
|
4/28/2026
|
Goldman Sachs International
|
EUR
|
355,000
|
USD
|
418,779
|
(5,276
)
|
|
Total Forward Foreign Currency Contracts
|
$(13,660
)
|
|||||
|
Abbreviations:
|
|
|
EUR
|
—Euro
|
|
GBP
|
—British Pound Sterling
|
|
USD
|
—U.S. Dollar
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-57.47%
|
|||
|
Aerospace & Defense-0.34%
|
|||
|
L3Harris Technologies, Inc., 5.40%,
01/15/2027
|
$
|
11,141,000
|
$11,297,224
|
|
Agricultural & Farm Machinery-0.72%
|
|||
|
John Deere Capital Corp.
|
|
|
|
|
4.17% (SOFR + 0.44%), 03/06/2026(b)
|
|
12,000,000
|
12,003,700
|
|
4.23% (SOFR + 0.50%),
03/06/2028(b)(c)
|
|
12,000,000
|
12,054,640
|
|
|
|
|
24,058,340
|
|
Agricultural Products & Services-0.36%
|
|||
|
Cargill, Inc., 4.42% (SOFR + 0.61%),
02/11/2028(b)(d)
|
|
12,000,000
|
12,029,367
|
|
Application Software-0.14%
|
|||
|
Roper Technologies, Inc., 4.25%,
09/15/2028
|
|
1,524,000
|
1,532,969
|
|
Synopsys, Inc., 4.55%, 04/01/2027
|
|
3,000,000
|
3,021,984
|
|
|
|
|
4,554,953
|
|
Asset Management & Custody Banks-1.38%
|
|||
|
Ares Capital Corp., 7.00%, 01/15/2027
|
|
13,829,000
|
14,202,398
|
|
Blue Owl Capital Corp.
|
|
|
|
|
3.40% 07/15/2026
|
|
8,000,000
|
7,957,218
|
|
2.63% 01/15/2027
|
|
9,500,000
|
9,305,614
|
|
Golub Capital BDC, Inc., 2.05%,
02/15/2027
|
|
11,000,000
|
10,726,489
|
|
Golub Capital Private Credit Fund, 5.45%,
08/15/2028(d)
|
|
2,453,000
|
2,469,705
|
|
State Street Corp., 4.54%, 04/24/2028(e)
|
|
1,719,000
|
1,733,299
|
|
|
|
|
46,394,723
|
|
Automobile Manufacturers-3.83%
|
|||
|
American Honda Finance Corp.
|
|
|
|
|
4.42% (SOFR + 0.72%), 10/05/2026(b)
|
|
10,000,000
|
10,027,204
|
|
4.57% (SOFR + 0.87%), 07/09/2027(b)
|
|
12,000,000
|
12,064,895
|
|
4.55% (SOFR + 0.82%), 03/03/2028(b)
|
|
12,000,000
|
12,029,397
|
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.30% 08/12/2027(d)
|
|
5,015,000
|
5,040,772
|
|
5.13% 09/25/2027(d)
|
|
5,905,000
|
6,007,562
|
|
Hyundai Capital America
|
|
|
|
|
4.88% 06/23/2027(d)
|
|
8,590,000
|
8,684,705
|
|
5.28% 06/24/2027(d)
|
|
16,000,000
|
16,260,308
|
|
Mercedes-Benz Finance North America LLC
(Germany)
|
|
|
|
|
4.48% (SOFR + 0.78%),
04/01/2027(b)(d)
|
|
12,000,000
|
12,049,388
|
|
4.65% 04/01/2027(d)
|
|
4,000,000
|
4,035,436
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.15% (SOFR + 0.45%), 04/10/2026(b)
|
|
12,000,000
|
12,007,174
|
|
4.58% (SOFR + 0.77%), 08/07/2026(b)
|
|
5,000,000
|
5,014,866
|
|
Volkswagen Group of America Finance LLC
(Germany)
|
|
|
|
|
4.53% (SOFR + 0.83%),
03/20/2026(b)(d)
|
|
15,000,000
|
15,007,229
|
|
4.85% (SOFR + 1.06%),
08/14/2026(b)(d)
|
|
5,000,000
|
5,016,881
|
|
4.45% 09/11/2027(d)
|
|
5,600,000
|
5,619,889
|
|
|
|
|
128,865,706
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Parts & Equipment-0.22%
|
|||
|
BMW US Capital LLC (Germany), 4.60%
(SOFR + 0.80%), 08/13/2026(b)(d)
|
$
|
7,207,000
|
$7,229,333
|
|
Broadline Retail-0.73%
|
|||
|
Amazon.com, Inc., 3.90%, 11/20/2028(c)
|
|
13,889,000
|
13,941,597
|
|
eBay, Inc.
|
|
|
|
|
1.40% 05/10/2026
|
|
5,250,000
|
5,215,415
|
|
4.25% 03/06/2029
|
|
5,514,000
|
5,537,681
|
|
|
|
|
24,694,693
|
|
Commercial & Residential Mortgage Finance-0.50%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
4.75% 04/14/2027(d)
|
|
2,904,000
|
2,920,891
|
|
4.25% 04/30/2029(d)
|
|
1,941,000
|
1,934,459
|
|
Nationwide Building Society (United
Kingdom), 4.77% (SOFR + 1.07%),
07/14/2029(b)(d)
|
|
12,000,000
|
12,066,103
|
|
|
|
|
16,921,453
|
|
Computer & Electronics Retail-0.08%
|
|||
|
Dell International LLC/EMC Corp., 6.02%,
06/15/2026
|
|
2,800,000
|
2,808,203
|
|
Construction Machinery & Heavy Transportation Equipment-0.73%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
4.22% (SOFR + 0.53%),
07/07/2027(b)(c)
|
|
14,000,000
|
14,074,625
|
|
Series K, 4.10% 08/15/2028
|
|
10,480,000
|
10,566,565
|
|
|
|
|
24,641,190
|
|
Consumer Finance-0.83%
|
|||
|
Capital One Financial Corp., 4.93%,
05/10/2028(e)
|
|
7,000,000
|
7,074,040
|
|
General Motors Financial Co., Inc.
|
|
|
|
|
5.00% 07/15/2027
|
|
4,000,000
|
4,051,013
|
|
4.87% (SOFR + 1.17%), 04/04/2028(b)
|
|
16,800,000
|
16,857,908
|
|
|
|
|
27,982,961
|
|
Data Processing & Outsourced Services-0.30%
|
|||
|
Concentrix Corp., 6.65%, 08/02/2026
|
|
10,000,000
|
10,096,872
|
|
Diversified Banks-17.98%
|
|||
|
Australia and New Zealand Banking Group
Ltd. (Australia), 4.31% (SOFR + 0.59%),
12/08/2028(b)(c)(d)
|
|
5,854,000
|
5,873,826
|
|
Bank of America Corp.
|
|
|
|
|
3.71% 04/24/2028(e)
|
|
11,250,000
|
11,205,459
|
|
4.62% 05/09/2029(e)
|
|
4,033,000
|
4,087,535
|
|
Bank of America N.A., 5.53%,
08/18/2026
|
|
12,000,000
|
12,094,542
|
|
Bank of Montreal (Canada), 4.87% (SOFR
+ 1.16%), 12/11/2026(b)
|
|
10,000,000
|
10,073,921
|
|
Bank of Nova Scotia (The) (Canada),
1.35%, 06/24/2026(c)
|
|
11,500,000
|
11,391,050
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
5.83% 05/09/2027(e)
|
|
12,000,000
|
12,054,855
|
|
6.50% 09/13/2027(e)
|
|
12,000,000
|
12,173,547
|
|
4.34% 01/10/2028
|
|
5,200,000
|
5,214,602
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
|
|
|
4.92% (SOFR + 1.22%), 10/02/2026(b)
|
|
10,000,000
|
10,063,744
|
|
4.64% (SOFR + 0.93%), 09/11/2027(b)
|
|
10,000,000
|
10,030,346
|
|
4.52% (SOFR + 0.80%), 09/08/2028(b)
|
|
10,000,000
|
10,024,293
|
|
4.51% (SOFR + 0.80%), 01/29/2030(b)
|
|
20,000,000
|
20,049,947
|
|
Citibank N.A., 5.49%, 12/04/2026
|
|
9,783,000
|
9,908,742
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Citigroup, Inc., 4.64%, 05/07/2028(e)
|
$
|
12,000,000
|
$12,093,484
|
|
Citizens Bank N.A., 4.19%, 01/29/2029(e)
|
|
8,800,000
|
8,815,709
|
|
Cooperatieve Rabobank U.A.
(Netherlands), 4.35% (SOFR + 0.59%),
05/27/2027(b)
|
|
10,715,000
|
10,757,360
|
|
Credit Agricole S.A. (France)
|
|
|
|
|
4.92% (SOFR + 1.21%),
09/11/2028(b)(d)
|
|
6,000,000
|
6,043,476
|
|
4.83% (SOFR + 1.13%),
01/09/2029(b)(d)
|
|
7,000,000
|
7,047,765
|
|
Fifth Third Bank N.A., 4.51% (SOFR +
0.81%), 01/28/2028(b)
|
|
6,366,000
|
6,379,677
|
|
HSBC USA, Inc., 4.70% (SOFR + 0.97%),
06/03/2028(b)
|
|
7,826,000
|
7,890,719
|
|
Huntington National Bank (The), 4.42%
(SOFR + 0.72%), 04/12/2028(b)
|
|
8,276,000
|
8,283,457
|
|
ING Groep N.V. (Netherlands), 1.73%,
04/01/2027(c)(e)
|
|
6,750,000
|
6,726,457
|
|
JPMorgan Chase & Co.
|
|
|
|
|
4.90% (SOFR + 1.20%), 01/23/2028(b)
|
|
5,556,000
|
5,594,701
|
|
2.95% 02/24/2028(e)
|
|
6,000,000
|
5,936,720
|
|
4.62% (SOFR + 0.92%), 04/22/2028(b)
|
|
10,000,000
|
10,058,265
|
|
3.54% 05/01/2028(e)
|
|
8,866,000
|
8,821,131
|
|
Lloyds Banking Group PLC (United
Kingdom), 5.40% (SOFR + 1.56%),
08/07/2027(b)
|
|
9,474,000
|
9,533,087
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
4.92% (SOFR + 1.20%),
12/07/2026(b)(d)
|
|
6,213,000
|
6,260,973
|
|
4.19% (SOFR + 0.48%),
02/03/2028(b)(d)
|
|
8,642,000
|
8,649,469
|
|
Mitsubishi UFJ Financial Group, Inc.
(Japan), 1.64%, 10/13/2027(e)
|
|
5,553,000
|
5,463,455
|
|
Mizuho Markets Cayman L.P. (Japan),
4.64% (SOFR + 0.85%), 08/14/2026(b)
|
|
10,000,000
|
10,029,258
|
|
Morgan Stanley Bank N.A.
|
|
|
|
|
4.38% (SOFR + 0.69%), 10/15/2027(b)
|
|
10,000,000
|
10,018,740
|
|
4.78% (SOFR + 1.08%), 01/14/2028(b)
|
|
10,000,000
|
10,068,867
|
|
Morgan Stanley Private Bank N.A., 4.46%
(SOFR + 0.77%), 07/06/2028(b)
|
|
8,363,000
|
8,389,682
|
|
National Bank of Canada (Canada)
|
|
|
|
|
4.57% (SOFR + 0.80%), 08/20/2026(b)
|
|
10,000,000
|
10,001,558
|
|
4.73% (SOFR + 1.03%), 07/02/2027(b)
|
|
5,797,000
|
5,810,086
|
|
5.60% 07/02/2027(e)
|
|
7,000,000
|
7,045,443
|
|
4.17% 01/20/2029(c)(e)
|
|
12,699,000
|
12,730,411
|
|
PNC Bank N.A.
|
|
|
|
|
4.54% 05/13/2027(e)
|
|
8,371,000
|
8,382,656
|
|
4.43% (SOFR + 0.73%), 07/21/2028(b)
|
|
3,159,000
|
3,167,509
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
|
5.10% 07/23/2027(e)
|
|
13,200,000
|
13,271,450
|
|
4.32% (SOFR + 0.62%), 01/26/2029(b)
|
|
8,163,000
|
8,177,554
|
|
Royal Bank of Canada (Canada)
|
|
|
|
|
4.65% (SOFR + 0.95%), 01/19/2027(b)
|
|
8,333,000
|
8,385,805
|
|
4.42% (SOFR + 0.72%), 10/18/2027(b)
|
|
15,000,000
|
15,049,409
|
|
4.50% 08/06/2029(e)
|
|
9,600,000
|
9,703,805
|
|
Santander UK Group Holdings PLC (United
Kingdom), 6.53%, 01/10/2029(e)
|
|
12,500,000
|
13,052,320
|
|
Societe Generale S.A. (France), 5.11%
(SOFR + 1.41%), 04/13/2029(b)(d)
|
|
12,000,000
|
12,104,906
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan), 4.11%, 01/15/2029
|
|
7,305,000
|
7,308,029
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Sumitomo Mitsui Trust Bank Ltd. (Japan)
|
|
|
|
|
5.20% 03/07/2027(d)
|
$
|
4,372,000
|
$4,434,934
|
|
4.47% (SOFR + 0.75%),
09/11/2028(b)(d)
|
|
2,163,000
|
2,171,920
|
|
Svenska Handelsbanken AB (Sweden),
4.51% (SOFR + 0.74%),
05/23/2028(b)(d)
|
|
7,826,000
|
7,871,276
|
|
Swedbank AB (Sweden)
|
|
|
|
|
5.08% (SOFR + 1.38%),
06/15/2026(b)(d)
|
|
15,000,000
|
15,067,858
|
|
6.14% 09/12/2026(d)
|
|
4,065,000
|
4,118,718
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
|
|
|
4.78% (SOFR + 1.08%), 07/17/2026(b)
|
|
12,500,000
|
12,548,227
|
|
4.70% (SOFR + 1.00%), 10/20/2026(b)
|
|
9,800,000
|
9,802,472
|
|
4.53% (SOFR + 0.82%), 01/31/2028(b)
|
|
10,550,000
|
10,609,716
|
|
4.66% (SOFR + 0.91%), 06/02/2028(b)
|
|
12,000,000
|
12,084,550
|
|
Truist Bank
|
|
|
|
|
4.47% (SOFR + 0.77%), 07/24/2028(b)
|
|
11,709,000
|
11,748,745
|
|
4.36% (SOFR + 0.66%), 01/27/2029(b)
|
|
20,000,000
|
19,994,286
|
|
U.S. Bank N.A., 4.70% (SOFR + 0.91%),
05/15/2028(b)
|
|
12,000,000
|
12,062,745
|
|
Wells Fargo & Co.
|
|
|
|
|
4.48% (SOFR + 0.78%), 01/24/2028(b)
|
|
8,953,000
|
8,978,399
|
|
4.77% (SOFR + 1.07%), 04/22/2028(b)
|
|
10,000,000
|
10,056,278
|
|
2.39% 06/02/2028(e)
|
|
12,000,000
|
11,752,983
|
|
|
|
|
604,602,909
|
|
Diversified Capital Markets-0.42%
|
|||
|
Deutsche Bank AG (Germany), 4.91%
(SOFR + 1.21%), 01/10/2029(b)
|
|
14,000,000
|
14,100,544
|
|
Diversified Metals & Mining-0.87%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
5.25%, 09/08/2026
|
|
14,815,000
|
14,944,101
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.45% (SOFR + 0.75%),
10/01/2026(b)(d)
|
|
6,429,000
|
6,442,770
|
|
4.76% (SOFR + 1.06%),
04/04/2027(b)(d)
|
|
5,682,000
|
5,709,974
|
|
Rio Tinto Finance (USA) PLC (Australia),
4.38%, 03/12/2027
|
|
2,089,000
|
2,104,285
|
|
|
|
|
29,201,130
|
|
Diversified Support Services-0.25%
|
|||
|
Element Fleet Management Corp.
(Canada), 6.27%, 06/26/2026(d)
|
|
8,433,000
|
8,494,169
|
|
Electric Utilities-1.20%
|
|||
|
Evergy Missouri West, Inc., 5.15%,
12/15/2027(d)
|
|
5,191,000
|
5,286,910
|
|
National Rural Utilities Cooperative Finance
Corp., 4.52% (SOFR + 0.82%),
09/16/2027(b)
|
|
10,000,000
|
10,067,103
|
|
NextEra Energy Capital Holdings, Inc.,
4.51% (SOFR + 0.80%), 02/04/2028(b)
|
|
8,796,000
|
8,849,763
|
|
Pinnacle West Capital Corp.
|
|
|
|
|
4.53% (SOFR + 0.82%), 06/10/2026(b)
|
|
15,294,000
|
15,316,692
|
|
4.90% 05/15/2028
|
|
779,000
|
793,541
|
|
|
|
|
40,314,009
|
|
Electronic Components-0.45%
|
|||
|
Amphenol Corp., 4.34% (SOFR + 0.53%),
11/15/2027(b)
|
|
15,000,000
|
15,040,617
|
|
|
Principal
Amount
|
Value
|
|
|
Fertilizers & Agricultural Chemicals-0.21%
|
|||
|
Nutrien Ltd. (Canada), 4.50%,
03/12/2027
|
$
|
7,165,000
|
$7,207,305
|
|
Health Care Services-0.30%
|
|||
|
CVS Health Corp., 5.00%, 02/20/2026
|
|
10,235,000
|
10,237,325
|
|
Home Improvement Retail-0.14%
|
|||
|
Home Depot, Inc. (The), 5.15%,
06/25/2026
|
|
4,505,000
|
4,530,628
|
|
Hotels, Resorts & Cruise Lines-0.06%
|
|||
|
Marriott International, Inc., 4.20%,
07/15/2027
|
|
2,051,000
|
2,058,495
|
|
Integrated Telecommunication Services-0.72%
|
|||
|
AT&T, Inc., 2.30%, 06/01/2027
|
|
7,000,000
|
6,859,024
|
|
NTT Finance Corp. (Japan), 4.78% (SOFR
+ 1.08%), 07/16/2028(b)(d)
|
|
7,000,000
|
7,073,265
|
|
Verizon Communications, Inc., 4.49%
(SOFR + 0.79%), 03/20/2026(b)
|
|
10,134,000
|
10,141,004
|
|
|
|
|
24,073,293
|
|
Interactive Media & Services-0.13%
|
|||
|
Alphabet, Inc., 4.33% (SOFR + 0.52%),
11/15/2028(b)
|
|
4,364,000
|
4,400,221
|
|
Investment Banking & Brokerage-2.97%
|
|||
|
Charles Schwab Corp. (The), 4.32% (SOFR
+ 0.52%), 05/13/2026(b)
|
|
5,251,000
|
5,254,395
|
|
Citigroup Global Markets Holdings Inc.,
4.22% (SOFR + 0.50%), 01/06/2027(b)
|
|
15,100,000
|
15,098,620
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
1.43% 03/09/2027(e)
|
|
13,000,000
|
12,964,911
|
|
4.94% 04/23/2028(e)
|
|
15,925,000
|
16,099,402
|
|
Jefferies Financial Group, Inc.
|
|
|
|
|
4.75% 08/11/2026(c)
|
|
13,269,000
|
13,269,159
|
|
4.50% 09/15/2026(c)
|
|
15,000,000
|
15,043,518
|
|
Morgan Stanley
|
|
|
|
|
4.72% (SOFR + 1.02%), 04/13/2028(b)
|
|
10,000,000
|
10,054,471
|
|
5.08% (SOFR + 1.38%), 04/12/2029(b)
|
|
12,000,000
|
12,170,624
|
|
|
|
|
99,955,100
|
|
Leisure Products-0.30%
|
|||
|
Hasbro, Inc., 3.55%, 11/19/2026(c)
|
|
10,000,000
|
9,972,687
|
|
Life & Health Insurance-10.23%
|
|||
|
Athene Global Funding
|
|
|
|
|
5.62% 05/08/2026(d)
|
|
12,000,000
|
12,047,929
|
|
1.61% 06/29/2026(d)
|
|
12,000,000
|
11,879,863
|
|
4.79% (SOFR + 1.03%),
08/27/2026(b)(d)
|
|
10,000,000
|
10,031,334
|
|
2.95% 11/12/2026(d)
|
|
5,000,000
|
4,956,031
|
|
4.52% (SOFR + 0.83%),
01/07/2027(b)(d)
|
|
10,000,000
|
10,020,359
|
|
5.52% 03/25/2027(d)
|
|
12,711,000
|
12,903,611
|
|
Brighthouse Financial Global Funding,
5.55%, 04/09/2027(d)
|
|
8,150,000
|
8,255,128
|
|
CNO Global Funding, 4.88%,
12/10/2027(d)
|
|
4,918,000
|
4,981,780
|
|
Corebridge Global Funding
|
|
|
|
|
5.75% 07/02/2026(d)
|
|
6,336,000
|
6,384,104
|
|
5.00% (SOFR + 1.30%),
09/25/2026(b)(d)
|
|
10,000,000
|
10,066,239
|
|
4.44% (SOFR + 0.75%),
01/07/2028(b)(d)
|
|
10,000,000
|
10,004,765
|
|
4.25% 08/21/2028(d)
|
|
3,653,000
|
3,664,728
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Equitable America Global Funding
|
|
|
|
|
3.95% 09/15/2027(d)
|
$
|
6,263,000
|
$6,256,042
|
|
4.30% 12/15/2028(d)
|
|
15,000,000
|
15,067,113
|
|
F&G Global Funding
|
|
|
|
|
5.88% 06/10/2027(d)
|
|
7,514,000
|
7,672,376
|
|
4.65% 09/08/2028(d)
|
|
3,209,000
|
3,232,062
|
|
4.50% 01/09/2029(d)
|
|
16,129,000
|
16,135,659
|
|
GA Global Funding Trust
|
|
|
|
|
4.40% 09/23/2027(d)
|
|
20,700,000
|
20,778,392
|
|
5.50% 01/08/2029(d)
|
|
8,072,000
|
8,307,717
|
|
Jackson National Life Global Funding
|
|
|
|
|
5.55% 07/02/2027(d)
|
|
6,719,000
|
6,853,103
|
|
4.67% (SOFR + 0.97%),
01/14/2028(b)(d)
|
|
4,000,000
|
4,023,255
|
|
MassMutual Global Funding II
|
|
|
|
|
4.48% (SOFR + 0.77%),
01/29/2027(b)(d)
|
|
10,700,000
|
10,747,049
|
|
4.44% (SOFR + 0.74%),
04/09/2027(b)(d)
|
|
10,000,000
|
10,053,140
|
|
4.39% (SOFR + 0.68%),
08/01/2028(b)(d)
|
|
6,000,000
|
6,020,871
|
|
Met Tower Global Funding
|
|
|
|
|
5.40% 06/20/2026(d)
|
|
12,000,000
|
12,069,310
|
|
4.00% 01/14/2029(d)
|
|
11,539,000
|
11,522,420
|
|
New York Life Global Funding
|
|
|
|
|
4.37% (SOFR + 0.67%),
04/02/2027(b)(d)
|
|
15,000,000
|
15,062,917
|
|
4.40% 04/25/2028(d)
|
|
4,434,000
|
4,483,965
|
|
Northwestern Mutual Global Funding,
4.43% (SOFR + 0.66%),
08/25/2028(b)(d)
|
|
8,750,000
|
8,774,852
|
|
Pacific Life Global Funding II
|
|
|
|
|
4.30% (SOFR + 0.60%),
03/27/2026(b)(c)(d)
|
|
9,750,000
|
9,756,386
|
|
4.35% (SOFR + 0.62%),
06/04/2026(b)(d)
|
|
6,420,000
|
6,429,058
|
|
4.75% (SOFR + 1.05%),
07/28/2026(b)(d)
|
|
12,500,000
|
12,550,908
|
|
4.45% 05/01/2028(d)
|
|
11,321,000
|
11,452,962
|
|
Principal Financial Group, Inc., 4.11%,
02/15/2028(d)
|
|
3,120,000
|
3,119,243
|
|
Principal Life Global Funding II
|
|
|
|
|
5.00% 01/16/2027(d)
|
|
3,000,000
|
3,032,125
|
|
4.25% 08/18/2028(d)
|
|
5,217,000
|
5,236,132
|
|
Protective Life Global Funding, 4.56%
(SOFR + 0.85%), 09/11/2028(b)(d)
|
|
12,855,000
|
12,901,111
|
|
Reliance Standard Life Global Funding II,
5.24%, 02/02/2026(d)
|
|
7,125,000
|
7,125,000
|
|
|
|
|
343,859,039
|
|
Multi-line Insurance-0.42%
|
|||
|
Metropolitan Life Global Funding I, 4.15%,
08/25/2028(c)(d)
|
|
3,920,000
|
3,939,890
|
|
USAA Capital Corp., 5.25%,
06/01/2027(d)
|
|
10,000,000
|
10,199,502
|
|
|
|
|
14,139,392
|
|
Oil & Gas Refining & Marketing-0.05%
|
|||
|
Phillips 66, 1.30%, 02/15/2026
|
|
1,799,000
|
1,796,686
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-2.12%
|
|||
|
Enbridge, Inc. (Canada)
|
|
|
|
|
5.90% 11/15/2026
|
$
|
8,300,000
|
$8,418,240
|
|
5.25% 04/05/2027
|
|
4,666,000
|
4,731,962
|
|
4.60% 06/20/2028
|
|
3,485,000
|
3,534,109
|
|
4.20% 11/20/2028
|
|
5,769,000
|
5,787,378
|
|
Energy Transfer L.P., 5.55%, 02/15/2028
|
|
15,000,000
|
15,433,868
|
|
Kinder Morgan, Inc., 1.75%, 11/15/2026
|
|
12,698,000
|
12,487,801
|
|
MPLX L.P., 1.75%, 03/01/2026
|
|
12,336,000
|
12,313,545
|
|
Williams Cos., Inc. (The), 5.40%,
03/02/2026
|
|
8,598,000
|
8,610,235
|
|
|
|
|
71,317,138
|
|
Packaged Foods & Meats-0.53%
|
|||
|
Campbell’s Co. (The), 5.30%, 03/20/2026
|
|
10,352,000
|
10,368,979
|
|
Mars, Inc., 4.45%, 03/01/2027(d)
|
|
7,446,000
|
7,502,034
|
|
|
|
|
17,871,013
|
|
Passenger Airlines-0.11%
|
|||
|
Delta Air Lines, Inc., 4.95%, 07/10/2028
|
|
3,614,000
|
3,676,967
|
|
Pharmaceuticals-1.39%
|
|||
|
Bristol-Myers Squibb Co., 4.27% (SOFR +
0.49%), 02/20/2026(b)
|
|
4,651,000
|
4,651,623
|
|
Eli Lilly and Co., 4.23% (SOFR + 0.53%),
10/15/2028(b)
|
|
14,000,000
|
14,099,837
|
|
GlaxoSmithKline Capital PLC (United
Kingdom), 4.20% (SOFR + 0.50%),
03/12/2027(b)
|
|
7,912,000
|
7,941,833
|
|
Merck & Co., Inc., 4.30% (SOFR + 0.57%),
03/15/2029(b)
|
|
10,200,000
|
10,234,609
|
|
Pfizer, Inc., 4.28% (SOFR + 0.50%),
11/15/2027(b)
|
|
4,039,000
|
4,056,106
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
5,769,000
|
5,803,607
|
|
|
|
|
46,787,615
|
|
Regional Banks-0.80%
|
|||
|
Truist Financial Corp., 1.27%,
03/02/2027(e)
|
|
12,000,000
|
11,972,267
|
|
Zions Bancorp. N.A., 4.70%,
08/18/2028(e)
|
|
15,015,000
|
15,054,696
|
|
|
|
|
27,026,963
|
|
Restaurants-0.36%
|
|||
|
Starbucks Corp., 4.75%, 02/15/2026
|
|
12,000,000
|
12,002,311
|
|
Retail REITs-0.37%
|
|||
|
Realty Income Corp., 4.45%, 09/15/2026
|
|
12,335,000
|
12,361,158
|
|
Self-Storage REITs-0.30%
|
|||
|
Public Storage Operating Co., 4.40%
(SOFR + 0.70%), 04/16/2027(b)
|
|
10,000,000
|
10,036,275
|
|
Semiconductors-0.71%
|
|||
|
Advanced Micro Devices, Inc., 4.21%,
09/24/2026
|
|
12,000,000
|
12,036,590
|
|
NXP BV/NXP Funding LLC/NXP USA, Inc.
(Netherlands), 3.88%, 06/18/2026
|
|
12,000,000
|
11,995,137
|
|
|
|
|
24,031,727
|
|
Soft Drinks & Non-alcoholic Beverages-0.51%
|
|||
|
Keurig Dr Pepper, Inc.
|
|
|
|
|
4.37% (SOFR + 0.58%), 11/15/2026(b)
|
|
12,000,000
|
12,006,865
|
|
4.58% (SOFR + 0.88%), 03/15/2027(b)
|
|
5,000,000
|
5,009,048
|
|
|
|
|
17,015,913
|
|
|
Principal
Amount
|
Value
|
|
|
Specialized Finance-0.48%
|
|||
|
Blackstone Private Credit Fund, 2.63%,
12/15/2026
|
$
|
16,490,000
|
$16,240,047
|
|
Systems Software-1.03%
|
|||
|
Oracle Corp.
|
|
|
|
|
1.65% 03/25/2026
|
|
15,000,000
|
14,947,469
|
|
2.65% 07/15/2026
|
|
9,000,000
|
8,939,474
|
|
VMware LLC, 1.40%, 08/15/2026
|
|
11,000,000
|
10,857,658
|
|
|
|
|
34,744,601
|
|
Technology Hardware, Storage & Peripherals-0.77%
|
|||
|
Hewlett Packard Enterprise Co., 4.05%,
09/15/2027
|
|
14,000,000
|
14,015,137
|
|
HP, Inc., 1.45%, 06/17/2026
|
|
12,000,000
|
11,883,782
|
|
|
|
|
25,898,919
|
|
Telecom Tower REITs-0.77%
|
|||
|
American Tower Corp.
|
|
|
|
|
1.60% 04/15/2026
|
|
13,250,000
|
13,187,923
|
|
1.45% 09/15/2026
|
|
13,000,000
|
12,800,227
|
|
|
|
|
25,988,150
|
|
Trading Companies & Distributors-0.30%
|
|||
|
Air Lease Corp., 1.88%, 08/15/2026
|
|
10,300,000
|
10,181,793
|
|
Transaction & Payment Processing Services-0.06%
|
|||
|
PayPal Holdings, Inc., 4.39% (SOFR +
0.67%), 03/06/2028(b)
|
|
1,851,000
|
1,857,160
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $1,923,578,701)
|
1,932,596,317
|
||
|
|
|||
|
Asset-Backed Securities-16.49%
|
|||
|
Amur Equipment Finance Receivables
XII LLC, Series 2023-1A, Class A2,
6.09%, 12/20/2029(d)
|
|
3,611,944
|
3,640,554
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.16%,
12/25/2059(d)(f)
|
|
493,179
|
483,968
|
|
Series 2020-5, Class A1, 1.37%,
05/25/2065(d)(f)
|
|
820,964
|
796,789
|
|
Series 2024-8, Class A1, 5.34%,
05/27/2069(d)
|
|
6,729,815
|
6,778,559
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(d)
|
|
12,780,693
|
12,928,935
|
|
Ares LIII CLO Ltd. (Cayman Islands),
Series 2019-53A, Class A1R2, 4.76% (3
mo. Term SOFR + 1.09%),
10/24/2036(b)(d)
|
|
12,000,000
|
12,019,260
|
|
AutoNation Finance Trust
|
|
|
|
|
Series 2025-1A, Class A2, 4.72%,
04/10/2028(d)
|
|
4,285,991
|
4,295,434
|
|
Series 2026-1A, Class A2, 3.95%,
01/11/2029(d)
|
|
4,650,000
|
4,654,992
|
|
Barings CLO Ltd. (Cayman Islands),
Series 2021-2A, Class A1R, 4.74% (3
mo. Term SOFR + 1.07%),
07/15/2034(b)(d)
|
|
12,000,000
|
12,010,344
|
|
Barings Equipment Finance LLC,
Series 2025-B, Class A2, 4.02%,
02/13/2029(d)
|
|
4,800,000
|
4,810,384
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Bear Stearns Asset Backed Securities I
Trust, Series 2006-HE9, Class 2A,
4.07% (1 mo. Term SOFR + 0.39%),
11/25/2036(b)
|
$
|
361,040
|
$356,983
|
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.74% (3
mo. Term SOFR + 1.07%),
01/17/2035(b)(d)
|
|
10,000,000
|
10,017,300
|
|
BINOM Securitization Trust, Series 2021-
INV1, Class A1, 2.03%,
06/25/2056(d)(f)
|
|
2,520,681
|
2,341,527
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 5.05% (3 mo. Term SOFR +
1.27%), 11/21/2033(b)(d)
|
|
15,000,000
|
15,018,795
|
|
BMW Vehicle Lease Trust, Series 2024-2,
Class A2B, 4.12% (30 Day Average
SOFR + 0.42%), 01/25/2027(b)
|
|
814,930
|
815,076
|
|
BofA Auto Trust, Series 2025-1A,
Class A2A, 4.52%, 11/22/2027(d)
|
|
1,373,445
|
1,375,919
|
|
BRAVO Residential Funding Trust,
Series 2021-NQM2, Class A1, 0.97%,
03/25/2060(d)(f)
|
|
545,573
|
537,271
|
|
Carlyle Global Market Strategies CLO Ltd.
(Cayman Islands), Series 2015-5A,
Class A1R4, 4.55% (3 mo. Term SOFR +
0.88%), 01/20/2032(b)(d)
|
|
5,335,550
|
5,339,536
|
|
CarMax Auto Owner Trust, Series 2025-2,
Class A2A, 4.59%, 07/17/2028
|
|
3,432,938
|
3,443,993
|
|
CCG Receivables Trust, Series 2025-1,
Class A2, 4.48%, 10/14/2032(d)
|
|
4,781,254
|
4,807,875
|
|
Chesapeake Funding II LLC (Canada)
|
|
|
|
|
Series 2023-1A, Class A2, 4.96%
(30 Day Average SOFR + 1.25%),
05/15/2035(b)(d)
|
|
2,970,392
|
2,980,794
|
|
Series 2023-2A, Class A2, 4.81%
(30 Day Average SOFR + 1.10%),
10/15/2035(b)(d)
|
|
3,958,405
|
3,975,571
|
|
Series 2024-1A, Class A2, 4.48%
(30 Day Average SOFR + 0.77%),
05/15/2036(b)(d)
|
|
1,346,585
|
1,348,545
|
|
Citizens Auto Receivables Trust,
Series 2024-2, Class A3, 5.33%,
08/15/2028(d)
|
|
5,738,892
|
5,776,171
|
|
COLT Mortgage Loan Trust, Series 2020-
2R, Class A1, 1.33%, 10/26/2065(d)(f)
|
|
839,394
|
801,222
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2023-H1, Class A1, 6.62%,
03/25/2068(d)
|
|
2,958,653
|
2,974,207
|
|
Series 2024-H5, Class A1, 5.85%,
08/26/2069(d)
|
|
6,803,612
|
6,887,907
|
|
CWABS, Inc. Asset-Backed Ctfs. Trust,
Series 2004-4, Class M1, 4.51% (1 mo.
Term SOFR + 0.83%), 07/25/2034(b)
|
|
17,114
|
20,520
|
|
Deephaven Residential Mortgage Trust,
Series 2021-2, Class A1, 0.90%,
04/25/2066(d)(f)
|
|
3,610,223
|
3,255,104
|
|
Dell Equipment Finance Trust
|
|
|
|
|
Series 2024-1, Class A3, 5.39%,
03/22/2030(d)
|
|
2,177,693
|
2,193,485
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-1, Class A3, 4.61%,
02/24/2031(d)
|
$
|
2,970,000
|
$3,004,265
|
|
Series 2025-2, Class A3, 4.12%,
03/24/2031(d)
|
|
1,750,000
|
1,757,814
|
|
DLLST LLC, Series 2024-1A, Class A3,
5.05%, 08/20/2027(d)
|
|
1,703,371
|
1,710,938
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2019-2, Class A1, 2.74%,
11/25/2059(d)(f)
|
|
560,588
|
547,536
|
|
Series 2020-2, Class A1, 1.18%,
10/25/2065(d)(f)
|
|
173,193
|
165,335
|
|
Enterprise Fleet Financing LLC
|
|
|
|
|
Series 2023-3, Class A2, 6.40%,
03/20/2030(d)
|
|
3,067,065
|
3,105,256
|
|
Series 2024-1, Class A2, 5.23%,
03/20/2030(d)
|
|
1,457,470
|
1,468,165
|
|
Series 2024-3, Class A2, 5.31%,
04/20/2027(d)
|
|
1,445,691
|
1,450,663
|
|
Series 2024-4, Class A2, 4.69%,
07/20/2027(d)
|
|
2,790,696
|
2,800,691
|
|
Series 2025-2, Class A2, 4.51%,
02/22/2028(d)
|
|
4,500,000
|
4,519,864
|
|
Series 2025-4, Class A2, 4.05%,
08/20/2028(d)
|
|
5,400,000
|
5,412,459
|
|
Series 2026-1, Class A2, 4.00%,
10/20/2028(d)
|
|
9,375,000
|
9,387,401
|
|
First National Master Note Trust,
Series 2024-1, Class A, 5.34%,
05/15/2030
|
|
3,870,000
|
3,936,246
|
|
GCAT Trust, Series 2025-NQM2, Class A1,
5.60%, 04/25/2070(d)
|
|
6,728,527
|
6,823,001
|
|
GCRED BSL CLO 1, Series 2025-BSL1A,
Class A, 4.71% (3 mo. Term SOFR +
1.05%), 01/20/2034(b)(d)
|
|
15,000,000
|
15,007,095
|
|
GMF Floorplan Owner Revolving Trust,
Series 2023-1, Class A2, 4.86% (30 Day
Average SOFR + 1.15%),
06/15/2028(b)(d)
|
|
15,000,000
|
15,042,973
|
|
GreatAmerica Leasing Receivables
Funding LLC
|
|
|
|
|
Series 2024-2, Class A2, 5.28%,
03/15/2027(d)
|
|
1,223,987
|
1,228,745
|
|
Series 2025-1, Class A2, 4.52%,
10/15/2027(d)
|
|
2,928,290
|
2,938,576
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2020-NQM1, Class A1, 1.38%,
09/27/2060(d)(f)
|
|
864,582
|
828,709
|
|
Series 2025-HE1, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(d)
|
|
4,051,705
|
4,076,865
|
|
Series 2025-HE2, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
12/25/2065(b)(d)
|
|
14,415,277
|
14,520,767
|
|
Series 2025-PJ1, Class A7, 6.00%,
06/25/2055(d)(f)
|
|
5,961,309
|
6,027,545
|
|
Harbor Park CLO Ltd. (Cayman Islands),
Series 2018-1A, Class AR2, 4.62% (3
mo. Term SOFR + 0.95%),
01/20/2031(b)(d)
|
|
10,923,736
|
10,933,512
|
|
Harley-Davidson Motorcycle Trust,
Series 2024-B, Class A2, 4.62%,
08/16/2027
|
|
315,625
|
315,742
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
HPEFS Equipment Trust, Series 2025-2A,
Class A3, 4.03%, 11/22/2032(d)
|
$
|
8,750,000
|
$8,777,420
|
|
Hyundai Auto Lease Securitization Trust
|
|
|
|
|
Series 2024-C, Class A2B, 4.21%
(30 Day Average SOFR + 0.50%),
03/15/2027(b)(d)
|
|
2,264,260
|
2,265,580
|
|
Series 2025-B, Class A3, 4.53%,
04/17/2028(d)
|
|
3,800,000
|
3,834,955
|
|
Hyundai Auto Receivables Trust,
Series 2025-A, Class A2B, 4.05%
(30 Day Average SOFR + 0.34%),
12/15/2027(b)
|
|
6,346,222
|
6,349,265
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-INV1, Class A4, 6.00%,
04/25/2055(d)(f)
|
|
5,085,980
|
5,171,315
|
|
Series 2025-HE3, Class A1, 5.05%
(30 Day Average SOFR + 1.35%),
03/20/2056(b)(d)
|
|
14,036,310
|
14,106,713
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(d)(f)
|
|
8,949,710
|
9,056,451
|
|
Series 2026-CES1, Class A1, 4.91%,
06/25/2056(d)
|
|
15,000,000
|
15,048,009
|
|
John Deere Owner Trust, Series 2025-A,
Class A2B, 4.00% (30 Day Average
SOFR + 0.29%), 03/15/2028(b)
|
|
4,136,104
|
4,137,448
|
|
KKR CLO 21 Ltd. (Cayman Islands),
Series A, 4.93% (3 mo. Term SOFR +
1.26%), 04/15/2031(b)(d)
|
|
256,924
|
257,161
|
|
M&T Equipment LLC, Series 2025-1A,
Class A2, 4.70%, 12/16/2027(d)
|
|
4,750,000
|
4,773,915
|
|
Magnetite XXXI Ltd. (Cayman Islands),
Series 2021-31A, Class A1R, 4.67% (3
mo. Term SOFR + 1.00%),
07/15/2034(b)(d)
|
|
12,000,000
|
12,018,600
|
|
Mercedes-Benz Auto Lease Trust,
Series 2024-A, Class A2A, 5.44%,
02/16/2027
|
|
495,396
|
495,821
|
|
Merchants Fleet Funding LLC,
Series 2025-1A, Class A, 4.49%,
01/20/2039(d)
|
|
3,750,000
|
3,777,294
|
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2023-NQM1, Class A1, 7.28%,
09/25/2068(d)
|
|
4,694,673
|
4,752,261
|
|
Series 2024-NQM3, Class A1, 5.04%,
07/25/2069(d)(f)
|
|
6,618,612
|
6,636,837
|
|
Series 2025-DSC2, Class A1, 5.44%,
07/25/2070(d)(f)
|
|
5,760,095
|
5,829,092
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(d)(f)
|
|
8,474,270
|
8,592,564
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
|
Series 2020-FA, Class A, 1.22%,
07/15/2069(d)
|
|
954,865
|
906,881
|
|
Series 2021-FA, Class A, 1.11%,
02/18/2070(d)
|
|
2,396,365
|
2,160,961
|
|
Navistar Financial Dealer Note Master
Owner Trust II, Series 2025-1, Class A,
4.18%, 09/25/2030(d)
|
|
4,350,000
|
4,368,297
|
|
Neuberger Berman Loan Advisers CLO 47
Ltd. (Cayman Islands), Series 2022-47A,
Class AR, 4.76% (3 mo. Term SOFR +
1.09%), 04/16/2035(b)(d)
|
|
6,000,000
|
6,010,380
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2017-5A, Class A1, 5.29% (1 mo.
Term SOFR + 1.61%), 06/25/2057(b)(d)
|
$
|
172,196
|
$174,934
|
|
Series 2019-NQM4, Class A1, 2.49%,
09/25/2059(d)(f)
|
|
1,013,618
|
981,092
|
|
Series 2020-NQM1, Class A1, 2.46%,
01/26/2060(d)(f)
|
|
821,517
|
779,101
|
|
OBX Trust
|
|
|
|
|
Series 2024-NQM12, Class A1, 5.48%,
07/25/2064(d)
|
|
3,997,589
|
4,034,545
|
|
Series 2024-NQM18, Class A1, 5.41%,
10/25/2064(d)(f)
|
|
4,962,669
|
5,009,486
|
|
Series 2024-NQM6, Class A1, 6.45%,
02/25/2064(d)
|
|
3,165,633
|
3,216,534
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1,
4.66% (3 mo. Term SOFR + 0.95%),
01/15/2034(b)(d)
|
|
12,000,000
|
12,004,008
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%, 01/25/2060(d)(f)
|
|
3,001,988
|
3,059,724
|
|
Porsche Innovative Lease Owner Trust
|
|
|
|
|
Series 2024-1A, Class A2A, 4.84%,
01/20/2027(d)
|
|
749,881
|
750,310
|
|
Series 2024-2A, Class A2B, 4.14%
(30 Day Average SOFR + 0.44%),
12/21/2026(b)(d)
|
|
255,310
|
255,343
|
|
PRKCM Trust, Series 2023-AFC4,
Class A1, 7.23%, 11/25/2058(d)
|
|
4,096,115
|
4,152,090
|
|
Residential Mortgage Loan Trust,
Series 2020-1, Class A1, 2.38%,
01/26/2060(d)(f)
|
|
58,346
|
58,147
|
|
RR 16 Ltd. (Cayman Islands), Series 2021-
16A, Class A1R, 4.72% (3 mo. Term
SOFR + 1.05%), 07/15/2036(b)(d)
|
|
12,000,000
|
12,007,680
|
|
SBNA Auto Lease Trust
|
|
|
|
|
Series 2023-A, Class A3, 6.51%,
04/20/2027(d)
|
|
943,572
|
946,181
|
|
Series 2024-C, Class A3, 4.56%,
02/22/2028(d)
|
|
1,627,828
|
1,631,945
|
|
SoFi Consumer Loan Program Trust,
Series 2026-1, Class A, 4.06%,
12/26/2035(d)
|
|
7,200,000
|
7,209,435
|
|
Starwood Mortgage Residential Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.28%,
02/25/2050(d)(f)
|
|
150,202
|
145,371
|
|
Series 2020-INV1, Class A1, 1.03%,
11/25/2055(d)(f)
|
|
958,790
|
923,043
|
|
Series 2021-2, Class A1, 0.94%,
05/25/2065(d)(f)
|
|
1,102,206
|
1,053,728
|
|
Synchrony Card Funding LLC
|
|
|
|
|
Series 2023-A2, Class A, 5.74%,
10/15/2029
|
|
8,500,000
|
8,610,499
|
|
Series 2024-A1, Class A, 5.04%,
03/15/2030
|
|
10,000,000
|
10,133,860
|
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.67% (3 mo. Term SOFR +
1.00%), 04/20/2034(b)(d)
|
|
8,565,000
|
8,580,417
|
|
Toyota Auto Receivables Owner Trust,
Series 2025-B, Class A2A, 4.46%,
03/15/2028
|
|
6,221,450
|
6,237,421
|
|
USAA Auto Owner Trust, Series 2025-A,
Class A3, 3.95%, 12/17/2029(d)
|
|
4,350,000
|
4,364,400
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Verus Securitization Trust
|
|
|
|
|
Series 2023-7, Class A1, 7.07%,
10/25/2068(d)
|
$
|
5,274,599
|
$5,342,583
|
|
Series 2023-INV2, Class A1, 6.44%,
08/25/2068(d)
|
|
5,383,093
|
5,411,797
|
|
Visio Trust, Series 2020-1R, Class A1,
1.31%, 11/25/2055(d)
|
|
844,878
|
822,366
|
|
Volvo Financial Equipment LLC,
Series 2025-1A, Class A2, 4.41%,
11/15/2027(d)
|
|
3,339,681
|
3,346,682
|
|
Westlake Automobile Receivables Trust,
Series 2025-P1, Class A2, 4.65%,
02/15/2028(d)
|
|
5,846,313
|
5,863,911
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
|
Series 2024-1A, Class A2, 4.51% (1
mo. Term SOFR + 0.83%),
02/18/2039(b)(d)
|
|
2,774,216
|
2,782,235
|
|
Series 2024-2A, Class A2, 4.67% (1
mo. Term SOFR + 1.00%),
06/21/2039(b)(d)
|
|
4,408,400
|
4,436,076
|
|
Series 2025-1A, Class A1, 4.57%,
01/18/2040(d)
|
|
8,012,912
|
8,090,650
|
|
Series 2025-2A, Class A1, 4.41%,
05/18/2040(d)
|
|
15,000,000
|
15,120,358
|
|
Series 2025-3A, Class A1, 4.08%,
09/18/2040(d)
|
|
8,030,000
|
8,057,548
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.74% (3 mo. Term SOFR +
1.07%), 01/20/2035(b)(d)
|
|
12,000,000
|
12,022,416
|
|
World Omni Auto Receivables Trust,
Series 2025-B, Class A2A, 4.38%,
08/15/2028
|
|
2,431,108
|
2,436,533
|
|
World Omni Automobile Lease
Securitization Trust, Series 2025-A,
Class A2B, 4.10% (30 Day Average
SOFR + 0.39%), 12/15/2027(b)
|
|
1,520,967
|
1,521,746
|
|
Total Asset-Backed Securities
(Cost $552,981,934)
|
554,598,598
|
||
|
|
Shares
|
|
|
|
Exchange-Traded Funds-0.28%
|
|||
|
Invesco AAA CLO Floating Rate
Note ETF(g)
|
|
274,672
|
7,023,363
|
|
Invesco Short Duration Total Return Bond
ETF(c)(g)
|
|
90,000
|
2,267,100
|
|
Total Exchange-Traded Funds
(Cost $9,322,543)
|
9,290,463
|
||
|
|
Principal
Amount
|
|
|
|
Commercial Paper-21.19%(h)
|
|||
|
Air Lease Corp., 4.03%–4.06%,
02/11/2026(d)
|
$
|
19,750,000
|
19,723,377
|
|
Aquitaine Funding Co. LLC, 4.09%,
04/08/2026(d)
|
|
15,000,000
|
14,892,900
|
|
AutoNation, Inc.
|
|
|
|
|
4.00%, 02/02/2026(d)
|
|
9,000,000
|
8,996,985
|
|
4.05%, 02/05/2026(d)
|
|
2,900,000
|
2,898,048
|
|
Barton Capital S.A., 4.12%,
03/06/2026(d)
|
|
13,500,000
|
13,451,130
|
|
Bayer Corp., 4.54%, 08/03/2026(d)
|
|
12,000,000
|
11,766,384
|
|
|
Principal
Amount
|
Value
|
|
|
Brookfield BRP Holdings Canada, Inc.
|
|
|
|
|
4.03%, 03/11/2026
|
$
|
27,250,000
|
$27,133,125
|
|
4.04%, 03/18/2026
|
|
10,000,000
|
9,949,540
|
|
Brunswick Corp., 4.20%, 02/03/2026(d)
|
|
8,300,000
|
8,296,091
|
|
Brunswick Corp./DE, 4.20%,
02/05/2026(d)
|
|
20,000,000
|
19,985,860
|
|
Charles Schwab Corp. (The), 4.10%,
06/12/2026(d)
|
|
15,000,000
|
14,795,505
|
|
Crown Castle, Inc.
|
|
|
|
|
4.10%, 02/10/2026(d)
|
|
16,000,000
|
15,979,568
|
|
4.15%, 02/17/2026(d)
|
|
10,200,000
|
10,178,702
|
|
4.15%, 02/24/2026(d)
|
|
20,000,000
|
19,941,980
|
|
Enel Finance America LLC, 4.15%,
02/18/2026(d)
|
|
14,000,000
|
13,971,762
|
|
General Motors Financial Co., Inc.
|
|
|
|
|
4.22%, 05/12/2026(d)
|
|
10,000,000
|
9,887,850
|
|
4.14%, 08/06/2026(d)
|
|
4,500,000
|
4,406,765
|
|
Genuine Parts Co.
|
|
|
|
|
4.22%–4.24%, 02/05/2026(d)
|
|
28,000,000
|
27,981,184
|
|
4.23%, 02/06/2026(d)
|
|
15,000,000
|
14,988,210
|
|
4.25%, 02/09/2026(d)
|
|
10,500,000
|
10,488,177
|
|
Glencore Funding LLC, 4.15%,
02/27/2026(d)
|
|
15,000,000
|
14,954,280
|
|
HA Sustainable Infrastructure Capital, Inc.
|
|
|
|
|
4.21%, 02/04/2026(d)
|
|
20,000,000
|
19,988,580
|
|
4.27%, 02/10/2026(d)
|
|
14,000,000
|
13,982,311
|
|
4.17%, 02/17/2026(d)
|
|
15,000,000
|
14,968,777
|
|
4.17%, 02/26/2026(d)
|
|
13,300,000
|
13,258,132
|
|
Harley-Davidson Financial Services, Inc.
|
|
|
|
|
4.12%, 02/18/2026(d)
|
|
6,500,000
|
6,486,422
|
|
4.38%, 03/04/2026(d)
|
|
10,000,000
|
9,963,260
|
|
4.08%, 03/10/2026(d)
|
|
15,000,000
|
14,934,645
|
|
HCA, Inc.
|
|
|
|
|
4.17%, 02/02/2026(d)
|
|
15,000,000
|
14,994,990
|
|
4.09%, 03/03/2026(d)
|
|
10,000,000
|
9,963,040
|
|
4.13%, 03/23/2026(d)
|
|
15,000,000
|
14,909,070
|
|
Honeywell International, Inc., 4.05%,
03/20/2026(d)
|
|
15,000,000
|
14,923,200
|
|
HSBC USA, Inc.
|
|
|
|
|
4.21% (SOFR + 0.53%),
05/15/2026(b)(d)
|
|
9,250,000
|
9,255,356
|
|
4.27%, 08/27/2026(d)
|
|
15,000,000
|
14,671,665
|
|
Intesa Sanpaolo Funding LLC
|
|
|
|
|
4.15%, 04/13/2026
|
|
12,000,000
|
11,900,280
|
|
4.04%, 10/02/2026
|
|
15,000,000
|
14,587,740
|
|
Ionic Funding LLC, 4.18%, 03/10/2026
|
|
19,229,000
|
19,150,507
|
|
Jackson National Life Short Term
Funding LLC, 4.14%, 06/03/2026(d)
|
|
12,000,000
|
11,846,340
|
|
Lloyds Bank PLC, 4.06%, 05/04/2026
|
|
10,000,000
|
9,904,250
|
|
MUFG Securities Canada Ltd.
|
|
|
|
|
4.15%, 08/05/2026(d)
|
|
6,000,000
|
5,883,816
|
|
4.10%, 09/23/2026(d)
|
|
15,000,000
|
14,635,050
|
|
4.14%, 10/01/2026(d)
|
|
14,000,000
|
13,648,082
|
|
Oracle Corp., 4.35%–4.38%,
07/23/2026(d)
|
|
25,000,000
|
24,512,075
|
|
Penske Truck Leasing Co. L.P., 4.16%,
04/27/2026
|
|
15,000,000
|
14,854,755
|
|
TELUS Corp.
|
|
|
|
|
4.45%, 02/19/2026(d)
|
|
10,000,000
|
9,976,810
|
|
4.76%, 02/24/2026(d)
|
|
10,000,000
|
9,971,210
|
|
4.50%–4.50%, 04/09/2026(d)
|
|
18,000,000
|
17,857,116
|
|
|
Principal
Amount
|
Value
|
|
|
Toronto-Dominion Bank (The), 3.94%,
03/11/2026(d)
|
$
|
1,940,000
|
$1,931,933
|
|
VW Credit, Inc., 4.21%, 10/01/2026(d)
|
|
15,000,000
|
14,612,355
|
|
Washington Morgan Capital Co. LLC
|
|
|
|
|
Series A, 3.99%, 07/09/2026(d)
|
|
15,748,000
|
15,488,867
|
|
Series A, 0.00% (SOFR + 0.50%),
09/10/2026(b)(d)
|
|
15,000,000
|
15,012,832
|
|
White Plains Capital Co. LLC
|
|
|
|
|
4.24%, 04/17/2026(d)
|
|
15,000,000
|
14,871,750
|
|
4.08%, 07/07/2026(d)
|
|
5,000,000
|
4,912,500
|
|
Total Commercial Paper
(Cost $712,391,835)
|
712,525,139
|
||
|
Certificates of Deposit-0.91%
|
|||
|
Diversified Banks-0.91%
|
|||
|
Intesa Sanpaolo S.p.A. (Italy)
|
|
|
|
|
4.65% (SOFR + 1.00%), 10/16/2026(b)
|
|
15,500,000
|
15,549,266
|
|
4.39% (SOFR + 0.70%), 07/17/2026(b)
|
|
15,000,000
|
15,012,525
|
|
|
|
|
30,561,791
|
|
Total Certificates of Deposit
(Cost $30,500,000)
|
30,561,791
|
||
|
|
Repurchase
Amount
|
|
|
|
Repurchase Agreements-0.89%(i)
|
|||
|
CF Secured LLC, joint open agreement
dated 02/07/2025 (collateralized by
agency and non-agency asset-backed
securities, agency and non-agency
mortgage-backed securities and a
corporate obligation valued at
$27,613,022; 0.00% - 8.66%;
11/15/2027 - 01/25/2072), 4.40%,
02/02/2026(j)
|
|
10,038,097
|
10,000,000
|
|
Nomura Securities International, Inc., joint
term agreement dated 01/09/2026,
aggregate maturing value of
$30,007,300 (collateralized by
non-agency asset-backed securities and
non-agency mortgage-backed securities
valued at $33,000,000; 0.00% - 8.90%;
02/25/2049 - 01/25/2070), 4.38%,
02/02/2026(k)
|
|
10,002,433
|
10,000,000
|
|
|
Repurchase
Amount
|
Value
|
|
|
Santander US Capital Markets LLC, joint
term agreement dated 01/16/2026,
aggregate maturing value of
$30,007,250 (collateralized by
non-agency asset-backed securities,
agency and non-agency mortgage-
backed securities, corporate obligations
and U.S. Treasury obligations valued at
$31,844,487; 3.38% - 8.88%;
09/15/2027 - 11/25/2065), 4.35%,
02/02/2026(k)
|
$
|
10,002,417
|
$10,000,000
|
|
Total Repurchase Agreements
(Cost $30,000,000)
|
30,000,000
|
||
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-97.23%
(Cost $3,258,775,013)
|
3,269,572,308
|
||
|
|
Shares
|
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.86%
|
|||
|
Invesco Private Government Fund,
3.65%(g)(l)(m)
|
|
8,064,833
|
8,064,833
|
|
Invesco Private Prime Fund, 3.80%(g)(l)(m)
|
|
20,945,723
|
20,952,007
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $29,016,840)
|
29,016,840
|
||
|
TOTAL INVESTMENTS IN SECURITIES-98.09%
(Cost $3,287,791,853)
|
3,298,589,148
|
||
|
OTHER ASSETS LESS LIABILITIES-1.91%
|
64,276,649
|
||
|
NET ASSETS-100.00%
|
$3,362,865,797
|
||
|
Investment Abbreviations:
|
|
|
Ctfs.
|
-Certificates
|
|
ETF
|
-Exchange-Traded Fund
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $1,705,357,089, which represented 50.71% of the Fund’s Net Assets.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on January 31, 2026.
|
|
(g)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Invesco AAA CLO
Floating Rate Note ETF
|
$7,027,483
|
$-
|
$-
|
$(4,120
)
|
$-
|
$7,023,363
|
$91,029
|
|
Invesco Short Duration
Total Return Bond ETF
|
251,081
|
2,012,792
|
-
|
3,227
|
-
|
2,267,100
|
23,559
|
|
Investments Purchased
with Cash Collateral
from Securities on
Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
2,769,608
|
24,671,364
|
(19,376,139
)
|
-
|
-
|
8,064,833
|
34,672
*
|
|
Invesco Private Prime
Fund
|
7,209,383
|
63,362,231
|
(49,619,607
)
|
-
|
-
|
20,952,007
|
93,184
*
|
|
Total
|
$17,257,555
|
$90,046,387
|
$(68,995,746
)
|
$(893
)
|
$-
|
$38,307,303
|
$242,444
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(h)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(i)
|
Principal amount equals value at period end.
|
|
(j)
|
Either party may terminate the agreement upon demand. Interest rate, principal amount
and collateral are redetermined periodically. The Maturity Date
represents the next reset date, and the Repurchase Amount is calculated based on the
next reset date.
|
|
(k)
|
Interest rate is redetermined periodically. The Maturity Date represents the next
reset date, and the Repurchase Amount is calculated based on the next reset
date.
|
|
(l)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(m)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-37.93%
|
|||
|
Asset Management & Custody Banks-0.01%
|
|||
|
Bank of New York Mellon Corp. (The),
4.53% (SOFR + 0.83%), 07/21/2028(b)
|
$
|
125,000
|
$125,712
|
|
State Street Corp., 4.55% (SOFR +
0.85%), 08/03/2026(b)
|
|
75,000
|
75,192
|
|
|
|
|
200,904
|
|
Automobile Manufacturers-4.55%
|
|||
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.66% (SOFR + 0.96%),
09/25/2027(b)(c)
|
|
4,250,000
|
4,268,013
|
|
4.54% (SOFR + 0.84%),
01/13/2028(b)(c)
|
|
4,000,000
|
4,005,633
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
6.67% (SOFR + 2.95%), 03/06/2026(b)
|
|
5,025,000
|
5,035,521
|
|
5.16% (SOFR + 1.45%), 11/05/2026(b)
|
|
7,625,000
|
7,646,810
|
|
Hyundai Capital America
|
|
|
|
|
5.19% (SOFR + 1.50%),
01/08/2027(b)(c)
|
|
4,700,000
|
4,743,408
|
|
4.74% (SOFR + 1.04%),
03/19/2027(b)(c)(d)
|
|
4,000,000
|
4,016,065
|
|
4.69% (SOFR + 0.99%),
03/25/2027(b)(c)(d)
|
|
5,000,000
|
5,023,880
|
|
4.74% (SOFR + 1.04%),
06/24/2027(b)(c)
|
|
5,225,000
|
5,254,462
|
|
4.61% (SOFR + 0.92%),
01/07/2028(b)(c)
|
|
3,000,000
|
3,010,380
|
|
Toyota Motor Credit Corp., 4.35% (SOFR +
0.65%), 03/19/2027(b)
|
|
75,000
|
75,329
|
|
Volkswagen Group of America Finance LLC
(Germany)
|
|
|
|
|
4.53% (SOFR + 0.83%),
03/20/2026(b)(c)
|
|
4,000,000
|
4,001,928
|
|
4.85% (SOFR + 1.06%),
08/14/2026(b)(c)
|
|
6,700,000
|
6,722,621
|
|
4.76% (SOFR + 1.06%),
03/25/2027(b)(c)
|
|
8,000,000
|
8,024,939
|
|
|
|
|
61,828,989
|
|
Automotive Parts & Equipment-0.01%
|
|||
|
BMW US Capital LLC (Germany), 4.72%
(SOFR + 0.92%), 08/13/2027(b)(c)
|
|
150,000
|
150,930
|
|
Commercial & Residential Mortgage Finance-1.03%
|
|||
|
Nationwide Building Society (United
Kingdom)
|
|
|
|
|
5.08% (SOFR + 1.29%),
02/16/2028(b)(c)
|
|
4,000,000
|
4,033,045
|
|
4.77% (SOFR + 1.07%),
07/14/2029(b)(c)
|
|
5,000,000
|
5,027,543
|
|
4.71% (SOFR + 1.01%),
09/30/2030(b)(c)
|
|
5,000,000
|
5,015,984
|
|
|
|
|
14,076,572
|
|
Construction Machinery & Heavy Transportation Equipment-0.01%
|
|||
|
Caterpillar Financial Services Corp., 4.31%
(SOFR + 0.52%), 05/14/2027(b)
|
|
75,000
|
75,396
|
|
Consumer Finance-2.32%
|
|||
|
American Express Co.
|
|
|
|
|
4.67% (SOFR + 0.97%), 07/28/2027(b)
|
|
4,294,000
|
4,306,050
|
|
4.63% (SOFR + 0.93%),
07/26/2028(b)(d)
|
|
4,075,000
|
4,095,954
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
General Motors Financial Co., Inc.
|
|
|
|
|
4.80% (SOFR + 1.04%),
02/26/2027(b)(d)
|
$
|
7,597,000
|
$7,615,685
|
|
5.16% (SOFR + 1.35%), 05/08/2027(b)
|
|
6,500,000
|
6,544,886
|
|
4.75% (SOFR + 1.05%), 07/15/2027(b)
|
|
4,000,000
|
4,009,382
|
|
4.87% (SOFR + 1.17%), 04/04/2028(b)
|
|
5,000,000
|
5,017,235
|
|
|
|
|
31,589,192
|
|
Diversified Banks-18.52%
|
|||
|
ABN AMRO Bank N.V. (Netherlands)
|
|
|
|
|
5.48% (SOFR + 1.78%),
09/18/2027(b)(c)(d)
|
|
7,000,000
|
7,058,243
|
|
4.73% (SOFR + 1.00%),
12/03/2028(b)(c)
|
|
7,600,000
|
7,638,641
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
5.09% (SOFR + 1.38%), 03/14/2028(b)
|
|
1,200,000
|
1,208,429
|
|
4.82% (SOFR + 1.12%),
07/15/2028(b)(d)
|
|
5,000,000
|
5,030,093
|
|
Bank of America Corp.
|
|
|
|
|
4.75% (3 mo. Term SOFR + 1.02%),
09/15/2026(b)
|
|
2,706,000
|
2,713,576
|
|
4.67% (SOFR + 0.97%), 07/22/2027(b)
|
|
7,114,000
|
7,129,392
|
|
4.76% (SOFR + 1.05%),
02/04/2028(b)(d)
|
|
1,685,000
|
1,694,620
|
|
4.53% (SOFR + 0.83%), 01/24/2029(b)
|
|
200,000
|
200,809
|
|
4.91% (SOFR + 1.11%),
05/09/2029(b)(d)
|
|
1,500,000
|
1,514,175
|
|
Bank of Montreal (Canada)
|
|
|
|
|
4.87% (SOFR + 1.16%), 12/11/2026(b)
|
|
3,000,000
|
3,022,176
|
|
4.56% (SOFR + 0.86%), 01/27/2029(b)
|
|
125,000
|
125,457
|
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
5.25% 06/12/2028
|
|
2,500,000
|
2,575,792
|
|
4.68% (SOFR + 0.89%), 02/14/2029(b)
|
|
5,625,000
|
5,636,506
|
|
Banque Federative du Credit Mutuel
(France), 4.83% (SOFR + 1.13%),
01/23/2027(b)(c)
|
|
75,000
|
75,535
|
|
Banque Federative du Credit Mutuel S.A.
(France), 4.93% (SOFR + 1.23%),
01/22/2030(b)(c)
|
|
5,000,000
|
5,048,522
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
5.58% (SOFR + 1.88%), 09/13/2027(b)
|
|
2,750,000
|
2,774,621
|
|
5.19% (SOFR + 1.49%), 03/12/2028(b)
|
|
6,500,000
|
6,563,304
|
|
BNP Paribas S.A. (France), 5.24% (SOFR +
1.43%), 05/09/2029(b)(c)
|
|
6,250,000
|
6,316,858
|
|
BPCE S.A. (France), 5.68% (SOFR +
1.98%), 10/19/2027(b)(c)
|
|
6,250,000
|
6,310,378
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
|
|
|
4.64% (SOFR + 0.94%), 06/28/2027(b)
|
|
250,000
|
252,052
|
|
4.42% (SOFR + 0.72%), 01/13/2028(b)
|
|
5,000,000
|
5,004,855
|
|
4.73% (SOFR + 1.03%), 03/30/2029(b)
|
|
4,000,000
|
4,024,056
|
|
Citibank N.A., 4.79% (SOFR + 1.06%),
12/04/2026(b)
|
|
75,000
|
75,477
|
|
Citigroup, Inc.
|
|
|
|
|
4.49% (SOFR + 0.77%), 06/09/2027(b)
|
|
975,000
|
976,147
|
|
5.05% (SOFR + 1.28%), 02/24/2028(b)
|
|
6,077,000
|
6,124,764
|
|
4.59% (SOFR + 0.87%), 03/04/2029(b)
|
|
3,274,000
|
3,281,844
|
|
5.27% (SOFR + 1.46%), 05/07/2031(b)
|
|
8,990,000
|
9,169,536
|
|
Credit Agricole S.A. (France), 4.92%
(SOFR + 1.21%), 09/11/2028(b)(c)
|
|
75,000
|
75,543
|
|
Fifth Third Bank N.A., 4.51% (SOFR +
0.81%), 01/28/2028(b)
|
|
2,634,000
|
2,639,659
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
HSBC Holdings PLC (United Kingdom)
|
|
|
|
|
5.38% (SOFR + 1.57%), 08/14/2027(b)
|
$
|
2,500,000
|
$2,514,501
|
|
4.79% (SOFR + 1.03%),
03/03/2029(b)(d)
|
|
3,636,000
|
3,653,850
|
|
5.08% (SOFR + 1.29%), 11/19/2030(b)
|
|
5,000,000
|
5,067,628
|
|
Huntington National Bank (The), 4.42%
(SOFR + 0.72%), 04/12/2028(b)
|
|
3,103,000
|
3,105,796
|
|
ING Groep N.V. (Netherlands)
|
|
|
|
|
5.27% (SOFR + 1.56%), 09/11/2027(b)
|
|
6,575,000
|
6,620,533
|
|
4.71% (SOFR + 1.01%), 03/25/2029(b)
|
|
5,000,000
|
5,017,030
|
|
JPMorgan Chase & Co.
|
|
|
|
|
4.59% (SOFR + 0.89%), 04/22/2027(b)
|
|
250,000
|
250,377
|
|
4.90% (SOFR + 1.20%), 01/23/2028(b)
|
|
1,667,000
|
1,678,612
|
|
4.95% (SOFR + 1.18%), 02/24/2028(b)
|
|
3,500,000
|
3,525,482
|
|
4.62% (SOFR + 0.92%), 04/22/2028(b)
|
|
7,500,000
|
7,543,699
|
|
4.63% (SOFR + 0.93%), 07/22/2028(b)
|
|
5,000,000
|
5,029,184
|
|
4.50% (SOFR + 0.80%), 01/24/2029(b)
|
|
5,200,000
|
5,217,963
|
|
Lloyds Banking Group PLC (United
Kingdom)
|
|
|
|
|
5.40% (SOFR + 1.56%), 08/07/2027(b)
|
|
3,158,000
|
3,177,696
|
|
5.29% (SOFR + 1.58%), 01/05/2028(b)
|
|
4,575,000
|
4,616,614
|
|
4.83% (SOFR + 1.06%), 11/26/2028(b)
|
|
125,000
|
125,804
|
|
Mitsubishi UFJ Financial Group, Inc.
(Japan), 5.18% (SOFR + 1.48%),
04/24/2031(b)(d)
|
|
3,625,000
|
3,706,819
|
|
Mizuho Financial Group, Inc. (Japan),
4.89% (SOFR + 1.08%),
05/13/2031(b)(d)
|
|
5,000,000
|
5,036,675
|
|
Morgan Stanley Bank N.A.
|
|
|
|
|
4.87% (SOFR + 1.17%), 10/30/2026(b)
|
|
175,000
|
176,291
|
|
4.78% (SOFR + 1.08%), 01/14/2028(b)
|
|
250,000
|
251,722
|
|
4.62% (SOFR + 0.87%), 05/26/2028(b)
|
|
3,200,000
|
3,212,551
|
|
4.64% (SOFR + 0.94%),
07/14/2028(b)(d)
|
|
5,000,000
|
5,036,164
|
|
NatWest Group PLC (United Kingdom),
5.11% (SOFR + 1.30%),
11/15/2028(b)(d)
|
|
3,500,000
|
3,531,759
|
|
Royal Bank of Canada (Canada), 4.56%
(SOFR + 0.86%), 10/18/2028(b)
|
|
200,000
|
200,870
|
|
Skandinaviska Enskilda Banken AB
(Sweden), 4.79% (SOFR + 1.06%),
09/03/2030(b)(c)
|
|
7,500,000
|
7,538,983
|
|
Societe Generale S.A. (France)
|
|
|
|
|
4.88% (SOFR + 1.10%),
02/19/2027(b)(c)
|
|
2,000,000
|
2,009,787
|
|
5.36% (SOFR + 1.66%),
01/19/2028(b)(c)
|
|
5,575,000
|
5,620,997
|
|
5.19% (SOFR + 1.42%),
05/22/2029(b)(c)
|
|
4,000,000
|
4,033,887
|
|
4.79% (SOFR + 1.10%),
04/12/2030(b)(c)
|
|
3,000,000
|
3,005,485
|
|
Standard Chartered Bank (United
Kingdom), 4.35% (SOFR + 0.65%),
10/08/2026(b)
|
|
3,000,000
|
3,005,819
|
|
Standard Chartered PLC (United Kingdom)
|
|
|
|
|
5.84% (SOFR + 2.03%),
02/08/2028(b)(c)
|
|
4,000,000
|
4,054,931
|
|
4.96% (SOFR + 1.17%),
05/14/2028(b)(c)
|
|
4,000,000
|
4,023,572
|
|
4.94% (SOFR + 1.24%),
01/21/2029(b)(c)
|
|
3,500,000
|
3,529,181
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Sumitomo Mitsui Trust Bank Ltd. (Japan),
4.70% (SOFR + 0.98%),
09/10/2027(b)(c)
|
$
|
125,000
|
$126,202
|
|
Svenska Handelsbanken AB (Sweden),
4.42% (SOFR + 0.66%),
05/28/2027(b)(c)
|
|
5,475,000
|
5,496,650
|
|
Toronto-Dominion Bank (The) (Canada),
4.78% (SOFR + 1.08%), 07/17/2026(b)
|
|
1,914,000
|
1,921,385
|
|
U.S. Bank N.A., 4.70% (SOFR + 0.91%),
05/15/2028(b)
|
|
7,500,000
|
7,539,215
|
|
USB Realty Corp., 5.08% (3 mo. Term
SOFR + 1.41%)(b)(c)(e)
|
|
1,100,000
|
925,186
|
|
Wells Fargo & Co.
|
|
|
|
|
4.48% (SOFR + 0.78%),
01/24/2028(b)(d)
|
|
5,596,000
|
5,611,875
|
|
4.77% (SOFR + 1.07%), 04/22/2028(b)
|
|
7,075,000
|
7,114,816
|
|
5.07% (SOFR + 1.37%), 04/23/2029(b)
|
|
3,750,000
|
3,813,465
|
|
|
|
|
251,930,116
|
|
Diversified Capital Markets-1.24%
|
|||
|
Deutsche Bank AG (Germany)
|
|
|
|
|
5.01% (SOFR + 1.22%), 11/16/2027(b)
|
|
4,050,000
|
4,065,375
|
|
4.91% (SOFR + 1.21%), 01/10/2029(b)
|
|
6,597,000
|
6,644,378
|
|
5.01% (SOFR + 1.30%), 08/04/2031(b)
|
|
6,000,000
|
6,040,327
|
|
Macquarie Group Ltd. (Australia), 4.62%
(SOFR + 0.92%), 09/23/2027(b)(c)
|
|
75,000
|
75,181
|
|
|
|
|
16,825,261
|
|
Diversified Financial Services-0.12%
|
|||
|
LPL Holdings, Inc., 4.90%, 04/03/2028
|
|
1,629,000
|
1,654,048
|
|
Diversified Metals & Mining-0.90%
|
|||
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.45% (SOFR + 0.75%),
10/01/2026(b)(c)
|
|
3,214,000
|
3,220,884
|
|
4.76% (SOFR + 1.06%),
04/04/2027(b)(c)(d)
|
|
6,223,000
|
6,253,638
|
|
Rio Tinto Finance (USA) PLC (Australia),
4.54% (SOFR + 0.84%), 03/14/2028(b)
|
|
2,716,000
|
2,739,018
|
|
|
|
|
12,213,540
|
|
Electric Utilities-1.05%
|
|||
|
Consolidated Edison Co. of New York, Inc.,
4.31% (SOFR + 0.52%), 11/18/2027(b)
|
|
1,324,000
|
1,327,117
|
|
Georgia Power Co., 3.98% (SOFR +
0.28%), 09/15/2026(b)
|
|
3,679,000
|
3,680,037
|
|
National Rural Utilities Cooperative Finance
Corp.
|
|
|
|
|
4.51% (SOFR + 0.80%),
02/05/2027(b)(d)
|
|
5,000,000
|
5,023,188
|
|
4.52% (SOFR + 0.82%), 09/16/2027(b)
|
|
4,000,000
|
4,026,841
|
|
Pinnacle West Capital Corp., 4.53% (SOFR
+ 0.82%), 06/10/2026(b)
|
|
200,000
|
200,297
|
|
|
|
|
14,257,480
|
|
Integrated Telecommunication Services-0.17%
|
|||
|
NTT Finance Corp. (Japan), 4.78% (SOFR
+ 1.08%), 07/16/2028(b)(c)
|
|
2,333,000
|
2,357,418
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage-1.71%
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.53% (SOFR + 0.81%), 03/09/2027(b)
|
$
|
2,460,000
|
$2,461,850
|
|
4.53% (SOFR + 0.82%), 09/10/2027(b)
|
|
3,500,000
|
3,508,044
|
|
4.62% (SOFR + 0.92%), 10/21/2027(b)
|
|
125,000
|
125,385
|
|
5.68% (3 mo. Term SOFR + 2.01%),
10/28/2027(b)
|
|
1,220,000
|
1,233,225
|
|
5.55% (SOFR + 1.85%), 03/15/2028(b)
|
|
3,500,000
|
3,546,096
|
|
4.99% (SOFR + 1.29%), 04/23/2028(b)
|
|
1,308,000
|
1,319,329
|
|
Morgan Stanley
|
|
|
|
|
4.72% (SOFR + 1.02%), 04/13/2028(b)
|
|
7,500,000
|
7,540,853
|
|
5.08% (SOFR + 1.38%), 04/12/2029(b)
|
|
3,500,000
|
3,549,765
|
|
|
|
|
23,284,547
|
|
Life & Health Insurance-4.88%
|
|||
|
Athene Global Funding
|
|
|
|
|
4.66% (SOFR + 0.85%),
05/08/2026(b)(c)
|
|
6,775,000
|
6,783,691
|
|
4.79% (SOFR + 1.03%),
08/27/2026(b)(c)
|
|
6,000,000
|
6,018,800
|
|
4.91% (SOFR + 1.21%),
03/25/2027(b)(c)
|
|
5,000,000
|
5,029,475
|
|
4.67% (SOFR + 0.95%),
03/06/2028(b)(c)
|
|
3,000,000
|
3,014,783
|
|
4.70% (SOFR + 1.00%),
09/18/2028(b)(c)
|
|
8,000,000
|
8,022,965
|
|
Corebridge Global Funding
|
|
|
|
|
5.00% (SOFR + 1.30%),
09/25/2026(b)(c)
|
|
4,320,000
|
4,348,615
|
|
4.44% (SOFR + 0.75%),
01/07/2028(b)(c)(d)
|
|
7,000,000
|
7,003,335
|
|
4.56% (SOFR + 0.86%),
12/15/2028(b)(c)
|
|
5,000,000
|
5,023,804
|
|
F&G Global Funding, 5.05% (SOFR +
1.33%), 09/08/2028(b)(c)
|
|
7,250,000
|
7,307,860
|
|
Jackson National Life Global Funding,
4.67% (SOFR + 0.97%),
01/14/2028(b)(c)
|
|
5,000,000
|
5,029,068
|
|
MassMutual Global Funding II
|
|
|
|
|
4.48% (SOFR + 0.77%),
01/29/2027(b)(c)
|
|
1,000,000
|
1,004,397
|
|
4.44% (SOFR + 0.74%),
04/09/2027(b)(c)
|
|
2,500,000
|
2,513,285
|
|
Pacific Life Global Funding II, 4.75% (SOFR
+ 1.05%), 07/28/2026(b)(c)(d)
|
|
2,265,000
|
2,274,225
|
|
Protective Life Global Funding, 4.40%
(SOFR + 0.70%), 04/10/2026(b)(c)
|
|
3,000,000
|
3,002,756
|
|
|
|
|
66,377,059
|
|
Regional Banks-0.56%
|
|||
|
Santander Holdings USA, Inc., 5.31%
(SOFR + 1.61%), 03/20/2029(b)
|
|
7,500,000
|
7,553,579
|
|
Soft Drinks & Non-alcoholic Beverages-0.81%
|
|||
|
Keurig Dr Pepper, Inc.
|
|
|
|
|
4.37% (SOFR + 0.58%), 11/15/2026(b)
|
|
6,000,000
|
6,003,433
|
|
4.58% (SOFR + 0.88%),
03/15/2027(b)(d)
|
|
5,000,000
|
5,009,048
|
|
|
|
|
11,012,481
|
|
|
Principal
Amount
|
Value
|
|
|
Transaction & Payment Processing Services-0.04%
|
|||
|
PayPal Holdings, Inc., 4.39% (SOFR +
0.67%), 03/06/2028(b)
|
$
|
500,000
|
$501,664
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $513,078,275)
|
515,889,176
|
||
|
U.S. Treasury Securities-18.06%
|
|||
|
U.S. Treasury Floating Rate Notes-18.06%
|
|||
|
3.73% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.10%),
01/31/2027(b)
|
|
93,100,000
|
93,139,035
|
|
3.79% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.16%),
04/30/2027(b)
|
|
43,100,000
|
43,156,631
|
|
3.79% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.16%),
07/31/2027(b)
|
|
40,000,000
|
40,050,462
|
|
3.82% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.19%),
10/31/2027(b)
|
|
69,250,000
|
69,373,231
|
|
Total U.S. Treasury Securities
(Cost $245,454,522)
|
245,719,359
|
||
|
|
|||
|
Agency Credit Risk Transfer Notes-17.47%
|
|||
|
Fannie Mae Connecticut Avenue Securities
|
|
|
|
|
Series 2021-R03, Class 1M1, 4.55%
(30 Day Average SOFR + 0.85%),
12/25/2041(b)(c)(f)
|
|
111,374
|
111,377
|
|
Series 2021-R03, Class 1M2, 5.35%
(30 Day Average SOFR + 1.65%),
12/25/2041(b)(c)(f)
|
|
8,167,000
|
8,220,489
|
|
Series 2022-R01, Class 1M1, 4.70%
(30 Day Average SOFR + 1.00%),
12/25/2041(b)(c)(f)
|
|
447,754
|
447,782
|
|
Series 2022-R02, Class 2M2, 6.70%
(30 Day Average SOFR + 3.00%),
01/25/2042(b)(c)(f)
|
|
3,981,965
|
4,049,541
|
|
Series 2022-R03, Class 1M2, 7.20%
(30 Day Average SOFR + 3.50%),
03/25/2042(b)(c)(f)
|
|
2,350,000
|
2,416,750
|
|
Series 2022-R04, Class 1M2, 6.80%
(30 Day Average SOFR + 3.10%),
03/25/2042(b)(c)(f)
|
|
4,510,000
|
4,616,092
|
|
Series 2022-R05, Class 2M1, 5.60%
(30 Day Average SOFR + 1.90%),
04/25/2042(b)(c)(f)
|
|
314,342
|
314,752
|
|
Series 2022-R05, Class 2M2, 6.70%
(30 Day Average SOFR + 3.00%),
04/25/2042(b)(c)(f)
|
|
1,750,000
|
1,788,882
|
|
Series 2022-R06, Class 1M1, 6.45%
(30 Day Average SOFR + 2.75%),
05/25/2042(b)(c)(f)
|
|
5,055,781
|
5,142,714
|
|
Series 2023-R01, Class 1M1, 6.10%
(30 Day Average SOFR + 2.40%),
12/25/2042(b)(c)(f)
|
|
3,444,416
|
3,513,626
|
|
Series 2023-R01, Class 1M2, 7.45%
(30 Day Average SOFR + 3.75%),
12/25/2042(b)(c)(f)
|
|
1,225,000
|
1,281,625
|
|
Series 2023-R02, Class 1M1, 6.00%
(30 Day Average SOFR + 2.30%),
01/25/2043(b)(c)(f)
|
|
2,256,450
|
2,305,818
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2023-R02, Class 1M2, 7.05%
(30 Day Average SOFR + 3.35%),
01/25/2043(b)(c)(f)
|
$
|
700,000
|
$728,014
|
|
Series 2023-R03, Class 2M1, 6.20%
(30 Day Average SOFR + 2.50%),
04/25/2043(b)(c)(f)
|
|
7,540,763
|
7,617,394
|
|
Series 2023-R03, Class 2M2, 7.60%
(30 Day Average SOFR + 3.90%),
04/25/2043(b)(c)(f)
|
|
4,046,476
|
4,268,531
|
|
Series 2023-R04, Class 1M1, 6.00%
(30 Day Average SOFR + 2.30%),
05/25/2043(b)(c)(f)
|
|
6,481,421
|
6,624,800
|
|
Series 2023-R04, Class 1M2, 7.25%
(30 Day Average SOFR + 3.55%),
05/25/2043(b)(c)(f)
|
|
4,000,000
|
4,193,521
|
|
Series 2023-R05, Class 1M1, 5.60%
(30 Day Average SOFR + 1.90%),
06/25/2043(b)(c)(f)
|
|
785,450
|
792,252
|
|
Series 2023-R05, Class 1M2, 6.80%
(30 Day Average SOFR + 3.10%),
06/25/2043(b)(c)(f)
|
|
1,100,000
|
1,144,330
|
|
Series 2023-R06, Class 1M1, 5.40%
(30 Day Average SOFR + 1.70%),
07/25/2043(b)(c)(f)
|
|
1,135,144
|
1,139,969
|
|
Series 2023-R06, Class 1M2, 6.40%
(30 Day Average SOFR + 2.70%),
07/25/2043(b)(c)(f)
|
|
5,180,000
|
5,327,728
|
|
Series 2023-R07, Class 2M1, 5.65%
(30 Day Average SOFR + 1.95%),
09/25/2043(b)(c)(f)
|
|
6,290,977
|
6,317,327
|
|
Series 2023-R07, Class 2M2, 6.95%
(30 Day Average SOFR + 3.25%),
09/25/2043(b)(c)(f)
|
|
2,500,000
|
2,588,625
|
|
Series 2023-R08, Class 1M1, 5.20%
(30 Day Average SOFR + 1.50%),
10/25/2043(b)(c)(f)
|
|
2,082,789
|
2,087,172
|
|
Series 2024-R03, Class 2M2, 5.65%
(30 Day Average SOFR + 1.95%),
03/25/2044(b)(c)(f)
|
|
4,500,000
|
4,552,956
|
|
Series 2024-R04, Class 1M1, 4.80%
(30 Day Average SOFR + 1.10%),
05/25/2044(b)(c)(f)
|
|
777,452
|
777,919
|
|
Series 2024-R05, Class 2M2, 5.40%
(30 Day Average SOFR + 1.70%),
07/25/2044(b)(c)(f)
|
|
6,951,000
|
6,983,661
|
|
Series 2025-R01, Class 1A1, 4.65%
(30 Day Average SOFR + 0.95%),
01/25/2045(b)(c)(f)
|
|
8,491,771
|
8,500,844
|
|
Series 2025-R02, Class 1M1, 4.85%
(30 Day Average SOFR + 1.15%),
02/25/2045(b)(c)(f)
|
|
3,346,002
|
3,350,834
|
|
Series 2025-R03, Class 2M1, 5.30%
(30 Day Average SOFR + 1.60%),
03/25/2045(b)(c)(f)
|
|
364,315
|
365,389
|
|
Series 2025-R03, Class 2M2, 5.95%
(30 Day Average SOFR + 2.25%),
03/25/2045(b)(c)(f)
|
|
1,000,000
|
1,014,333
|
|
Series 2025-R04, Class 1M1, 4.90%
(30 Day Average SOFR + 1.20%),
05/25/2045(b)(c)(f)
|
|
8,123,328
|
8,142,149
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-R05, Class 2A1, 4.70%
(30 Day Average SOFR + 1.00%),
07/25/2045(b)(c)(f)
|
$
|
2,806,771
|
$2,810,907
|
|
Series 2025-R05, Class 2M1, 4.90%
(30 Day Average SOFR + 1.20%),
07/25/2045(b)(c)(f)
|
|
7,085,480
|
7,102,528
|
|
Series 2025-R06, Class 1A1, 4.60%
(30 Day Average SOFR + 0.90%),
09/25/2045(b)(c)(f)
|
|
4,198,325
|
4,202,079
|
|
Series 2025-R06, Class 1M1, 4.65%
(30 Day Average SOFR + 0.95%),
09/25/2045(b)(c)(f)
|
|
3,405,328
|
3,413,271
|
|
Freddie Mac
|
|
|
|
|
Series 2021-DNA5, Class M2, STACR®,
5.35% (30 Day Average SOFR +
1.65%), 01/25/2034(b)(c)(g)
|
|
914,921
|
918,451
|
|
Series 2021-DNA6, Class M2, STACR®,
5.20% (30 Day Average SOFR +
1.50%), 10/25/2041(b)(c)(g)
|
|
4,352,260
|
4,368,214
|
|
Series 2021-DNA7, Class M2, STACR®,
5.50% (30 Day Average SOFR +
1.80%), 11/25/2041(b)(c)(g)
|
|
1,910,527
|
1,925,853
|
|
Series 2022-DNA2, Class M1A, STACR®,
5.00% (30 Day Average SOFR +
1.30%), 02/25/2042(b)(c)(g)
|
|
837,329
|
838,429
|
|
Series 2022-DNA3, Class M1B, STACR®,
6.60% (30 Day Average SOFR +
2.90%), 04/25/2042(b)(c)(g)
|
|
4,730,000
|
4,840,150
|
|
Series 2022-DNA4, Class M1, STACR®,
7.05% (30 Day Average SOFR +
3.35%), 05/25/2042(b)(c)(g)
|
|
2,500,000
|
2,575,518
|
|
Series 2022-DNA4, Class M1A, STACR®,
5.90% (30 Day Average SOFR +
2.20%), 05/25/2042(b)(c)(g)
|
|
2,780,670
|
2,803,716
|
|
Series 2022-DNA5, Class M1A, STACR®,
6.65% (30 Day Average SOFR +
2.95%), 06/25/2042(b)(c)(g)
|
|
4,946,878
|
5,027,901
|
|
Series 2022-DNA6, Class M1, STACR®,
5.85% (30 Day Average SOFR +
2.15%), 09/25/2042(b)(c)(g)
|
|
802,142
|
805,649
|
|
Series 2022-DNA6, Class M1, STACR®,
7.40% (30 Day Average SOFR +
3.70%), 09/25/2042(b)(c)(g)
|
|
2,750,000
|
2,864,745
|
|
Series 2022-HQA1, Class M1A, STACR®,
5.80% (30 Day Average SOFR +
2.10%), 03/25/2042(b)(c)(g)
|
|
1,972,731
|
1,977,691
|
|
Series 2023-DNA1, Class M1, STACR®,
5.80% (30 Day Average SOFR +
2.10%), 03/25/2043(b)(c)(g)
|
|
3,250,340
|
3,290,313
|
|
Series 2023-DNA1, Class M1, STACR®,
6.80% (30 Day Average SOFR +
3.10%), 03/25/2043(b)(c)(g)
|
|
7,125,000
|
7,386,588
|
|
Series 2023-DNA2, Class M1, STACR®,
5.80% (30 Day Average SOFR +
2.10%), 04/25/2043(b)(c)(g)
|
|
7,598,625
|
7,692,407
|
|
Series 2023-DNA2, Class M1, STACR®,
6.95% (30 Day Average SOFR +
3.25%), 04/25/2043(b)(c)(g)
|
|
2,700,000
|
2,815,801
|
|
Series 2023-HQA1, Class M1, STACR®,
5.70% (30 Day Average SOFR +
2.00%), 05/25/2043(b)(c)(g)
|
|
2,633,659
|
2,650,447
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2023-HQA2, Class M1, STACR®,
5.70% (30 Day Average SOFR +
2.00%), 06/25/2043(b)(c)(g)
|
$
|
273,137
|
$273,674
|
|
Series 2023-HQA2, Class M1, STACR®,
7.05% (30 Day Average SOFR +
3.35%), 06/25/2043(b)(c)(g)
|
|
2,500,000
|
2,575,832
|
|
Series 2023-HQA3, Class A1, STACR®,
5.55% (30 Day Average SOFR +
1.85%), 11/25/2043(b)(c)(g)
|
|
7,038,954
|
7,098,418
|
|
Series 2023-HQA3, Class M2, STACR®,
5.55% (30 Day Average SOFR +
1.85%), 11/25/2043(b)(c)(g)
|
|
6,907,703
|
6,939,269
|
|
Series 2023-HQA3, Class M2, STACR®,
7.05% (30 Day Average SOFR +
3.35%), 11/25/2043(b)(c)(g)
|
|
6,000,000
|
6,312,600
|
|
Series 2024-DNA1, Class A1, STACR®,
5.05% (30 Day Average SOFR +
1.35%), 02/25/2044(b)(c)(g)
|
|
964,474
|
969,398
|
|
Series 2024-DNA2, Class A1, STACR®,
4.95% (30 Day Average SOFR +
1.25%), 05/25/2044(b)(c)(g)
|
|
2,511,154
|
2,522,602
|
|
Series 2024-DNA2, Class M1, STACR®,
4.90% (30 Day Average SOFR +
1.20%), 05/25/2044(b)(c)(g)
|
|
3,151,983
|
3,161,212
|
|
Series 2024-DNA3, Class A1, STACR®,
4.75% (30 Day Average SOFR +
1.05%), 10/25/2044(b)(c)(g)
|
|
612,500
|
613,737
|
|
Series 2024-DNA3, Class M2, STACR®,
5.15% (30 Day Average SOFR +
1.45%), 10/25/2044(b)(c)(g)
|
|
735,126
|
735,879
|
|
Series 2024-HQA1, Class A1, STACR®,
4.95% (30 Day Average SOFR +
1.25%), 03/25/2044(b)(c)(g)
|
|
9,055,601
|
9,106,700
|
|
Series 2024-HQA1, Class M1, STACR®,
4.95% (30 Day Average SOFR +
1.25%), 03/25/2044(b)(c)(g)
|
|
1,027,260
|
1,029,099
|
|
Series 2024-HQA1, Class M2, STACR®,
5.70% (30 Day Average SOFR +
2.00%), 03/25/2044(b)(c)(g)
|
|
3,000,000
|
3,037,382
|
|
Series 2024-HQA2, Class M1, STACR®,
4.90% (30 Day Average SOFR +
1.20%), 08/25/2044(b)(c)(g)
|
|
1,125,398
|
1,127,367
|
|
Series 2025-DNA1, Class A1, STACR®,
4.65% (30 Day Average SOFR +
0.95%), 01/25/2045(b)(c)(g)
|
|
1,337,500
|
1,339,847
|
|
Series 2025-DNA2, Class A1, STACR®,
4.80% (30 Day Average SOFR +
1.10%), 05/25/2045(b)(c)(g)
|
|
1,078,000
|
1,080,949
|
|
Series 2025-DNA2, Class M1, STACR®,
4.90% (30 Day Average SOFR +
1.20%), 05/25/2045(b)(c)(g)
|
|
2,153,044
|
2,156,515
|
|
Series 2025-DNA4, Class A1, STACR®,
4.60% (30 Day Average SOFR +
0.90%), 10/25/2045(b)(c)(g)
|
|
2,249,813
|
2,251,800
|
|
Series 2025-HQA1, Class A1, STACR®,
4.65% (30 Day Average SOFR +
0.95%), 02/25/2045(b)(c)(g)
|
|
1,375,000
|
1,376,985
|
|
Series 2025-HQA1, Class M1, STACR®,
4.85% (30 Day Average SOFR +
1.15%), 02/25/2045(b)(c)(g)
|
|
2,829,131
|
2,834,428
|
|
Total Agency Credit Risk Transfer Notes
(Cost $236,270,820)
|
237,581,547
|
||
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Asset-Backed Securities-16.33%
|
|||
|
Adjustable Rate Mortgage Trust,
Series 2004-2, Class 6A1, 0.71%,
02/25/2035(h)
|
$
|
4,143
|
$4,126
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2025-5, Class A1, 5.57%,
04/25/2070(c)
|
|
3,361,629
|
3,403,653
|
|
Series 2025-HB1, Class A1, 5.50%
(30 Day Average SOFR + 1.80%),
02/25/2055(b)(c)
|
|
1,271,149
|
1,280,864
|
|
Arby’s Funding, Llc, Series 2020-1A,
Class A2, 3.24%, 07/30/2050(c)
|
|
1,729,188
|
1,689,006
|
|
Avis Budget Rental Car Funding (AESOP)
LLC, Series 2020-2A, Class C, 4.25%,
02/20/2027(c)
|
|
216,667
|
216,645
|
|
BBCMS Mortgage Trust, Series 2019-
BWAY, Class B, 5.10% (1 mo. Term
SOFR + 1.42%), 11/15/2034(b)(c)
|
|
3,250,000
|
153,494
|
|
Bear Stearns Adjustable Rate Mortgage
Trust
|
|
|
|
|
Series 2003-7, Class 6A, 5.71%,
10/25/2033(h)
|
|
58,064
|
56,552
|
|
Series 2003-8, Class 4A1, 6.19%,
01/25/2034(h)
|
|
89,466
|
89,163
|
|
BRAVO Residential Funding Trust,
Series 2025-NQM3, Class A1, 5.57%,
03/25/2065(c)
|
|
4,601,090
|
4,651,359
|
|
BX Commercial Mortgage Trust,
Series 2021-ACNT, Class B, 5.04% (1
mo. Term SOFR + 1.36%),
11/15/2038(b)(c)
|
|
3,010,116
|
3,010,907
|
|
BX Trust
|
|
|
|
|
Series 2021-LGCY, Class B, 4.65% (1
mo. Term SOFR + 0.97%),
10/15/2036(b)(c)
|
|
3,630,000
|
3,628,394
|
|
Series 2021-RISE, Class A, 4.54% (1
mo. Term SOFR + 0.86%),
11/15/2036(b)(c)
|
|
507,197
|
507,235
|
|
Series 2021-RISE, Class B, 5.04% (1
mo. Term SOFR + 1.36%),
11/15/2036(b)(c)
|
|
549,464
|
549,616
|
|
Series 2024-VLT4, Class A, 5.17% (1
mo. Term SOFR + 1.49%),
06/15/2041(b)(c)
|
|
5,000,000
|
5,011,858
|
|
Series 2025-VOLT, Class B, 5.78% (1
mo. Term SOFR + 2.10%),
12/15/2044(b)(c)
|
|
5,540,000
|
5,579,309
|
|
CarMax Auto Owner Trust, Series 2024-1,
Class C, 5.47%, 08/15/2029
|
|
2,000,000
|
2,045,424
|
|
Carmax Select Receivables Trust,
Series 2024-A, Class C, 5.62%,
01/15/2030
|
|
1,400,000
|
1,430,721
|
|
Chase Home Lending Mortgage Trust
|
|
|
|
|
Series 2024-6, Class A11, 4.95%
(30 Day Average SOFR + 1.25%),
05/25/2055(b)(c)
|
|
2,374,883
|
2,386,280
|
|
Series 2024-7, Class A11, 5.00%
(30 Day Average SOFR + 1.30%),
06/25/2055(b)(c)
|
|
2,787,832
|
2,811,952
|
|
Series 2025-1, Class A11, 4.90%
(30 Day Average SOFR + 1.20%),
11/25/2055(b)(c)
|
|
4,091,355
|
4,110,968
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Citigroup Mortgage Loan Trust,
Series 2024-1, Class A11, 5.05%
(30 Day Average SOFR + 1.35%),
07/25/2054(b)(c)
|
$
|
2,860,389
|
$2,881,635
|
|
CLI Funding VI LLC, Series 2020-3A,
Class A, 2.07%, 10/18/2045(c)
|
|
1,923,590
|
1,819,862
|
|
Commonbond Student Loan Trust
|
|
|
|
|
Series 2017-BGS, Class A2, 4.44% (1
mo. Term SOFR + 0.76%),
09/25/2042(b)(c)
|
|
76,860
|
75,913
|
|
Series 2018-AGS, Class A2, 4.29% (1
mo. Term SOFR + 0.61%),
02/25/2044(b)(c)
|
|
159,135
|
157,615
|
|
Series 2018-CGS, Class A2, 4.59% (1
mo. Term SOFR + 0.91%),
02/25/2046(b)(c)
|
|
324,971
|
322,331
|
|
CPS Auto Receivables Trust
|
|
|
|
|
Series 2023-D, Class C, 7.17%,
01/15/2030(c)
|
|
3,989,170
|
4,032,339
|
|
Series 2024-D, Class C, 4.76%,
01/15/2031(c)
|
|
1,558,000
|
1,563,420
|
|
Cross Mortgage Trust, Series 2024-H7,
Class A1, 5.59%, 11/25/2069(c)(h)
|
|
3,821,772
|
3,861,168
|
|
Edsouth Indenture No. 9 LLC, Series 2015-
1, Class A, 4.61% (30 Day Average
SOFR + 0.91%), 10/25/2056(b)(c)
|
|
210,089
|
209,641
|
|
Fannie Mae Connecticut Avenue Securities,
Series 2022-R09, Class 2M1, 6.20%
(30 Day Average SOFR + 2.50%),
09/25/2042(b)(c)(f)
|
|
8,594,000
|
8,689,644
|
|
Ford Credit Auto Lease Trust,
Series 2024-B, Class B, 5.18%,
02/15/2028
|
|
5,000,000
|
5,063,308
|
|
Ford Credit Floorplan Master Owner
Trust A, Series 2023-1, Class A2, 4.96%
(30 Day Average SOFR + 1.25%),
05/15/2028(b)(c)
|
|
2,500,000
|
2,506,900
|
|
GMF Floorplan Owner Revolving Trust,
Series 2023-1, Class A2, 4.86% (30 Day
Average SOFR + 1.15%),
06/15/2028(b)(c)
|
|
4,000,000
|
4,011,460
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2024-HE1, Class A1, 5.30%
(30 Day Average SOFR + 1.60%),
08/25/2054(b)(c)
|
|
898,697
|
902,576
|
|
Series 2024-HE2, Class A1, 5.20%
(30 Day Average SOFR + 1.50%),
01/25/2055(b)(c)
|
|
4,391,797
|
4,408,965
|
|
Series 2025-HE1, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(c)
|
|
2,529,590
|
2,545,298
|
|
Series 2025-HE2, Class A1, 5.25%
(30 Day Average SOFR + 1.55%),
12/25/2065(b)(c)
|
|
7,905,152
|
7,963,001
|
|
Hertz Vehicle Financing III L.P.,
Series 2021-2A, Class C, 2.52%,
12/27/2027(c)
|
|
2,170,000
|
2,134,468
|
|
Hotwire Funding LLC, Series 2021-1,
Class B, 2.66%, 11/20/2051(c)
|
|
3,000,000
|
2,948,658
|
|
HPEFS Equipment Trust, Series 2023-2A,
Class D, 6.97%, 07/21/2031(c)
|
|
1,500,000
|
1,515,003
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-11, Class A11, 4.95%
(30 Day Average SOFR + 1.25%),
04/25/2055(b)(c)
|
$
|
1,964,527
|
$1,973,868
|
|
Series 2024-9, Class A11, 5.05%
(30 Day Average SOFR + 1.35%),
02/25/2055(b)(c)
|
|
1,523,429
|
1,530,542
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust, Series 2018-PHH,
Class B, 5.19% (1 mo. Term SOFR +
1.51%), 06/15/2035(b)(c)
|
|
2,385,000
|
1,739,298
|
|
JP Morgan Mortgage Trust
|
|
|
|
|
Series 2019-6, Class A11, 4.69% (1 mo.
Term SOFR + 1.01%), 12/25/2049(b)(c)
|
|
37,598
|
37,037
|
|
Series 2019-INV2, Class A1, 4.69% (1
mo. Term SOFR + 1.01%),
02/25/2050(b)(c)
|
|
143,889
|
141,579
|
|
Series 2019-INV3, Class A11, 4.79% (1
mo. Term SOFR + 1.11%),
05/25/2050(b)(c)
|
|
63,137
|
62,393
|
|
Series 2020-8, Class A11, 4.77%
(30 Day Average SOFR + 0.90%),
03/25/2051(b)(c)
|
|
165,842
|
157,157
|
|
Series 2020-LTV1, Class A11, 4.85% (1
mo. Term SOFR + 1.11%),
06/25/2050(b)(c)
|
|
1,580
|
1,579
|
|
Series 2021-1, Class A11, 4.52%
(30 Day Average SOFR + 0.65%),
06/25/2051(b)(c)
|
|
526,479
|
490,964
|
|
Series 2024-5, Class A11, 4.95%
(30 Day Average SOFR + 1.25%),
11/25/2054(b)(c)
|
|
3,420,646
|
3,436,627
|
|
MED Commercial Mortgage Trust,
Series 2024-MOB, Class A, 5.27% (1
mo. Term SOFR + 1.59%),
05/15/2041(b)(c)
|
|
5,000,000
|
4,986,746
|
|
Mello Mortgage Capital Acceptance Trust,
Series 2021-INV2, Class A1, 4.82%
(30 Day Average SOFR + 0.95%),
08/25/2051(b)(c)
|
|
2,541,672
|
2,388,934
|
|
Merrill Lynch Mortgage Investors Trust
|
|
|
|
|
Series 2003-F, Class A1, 4.43% (1 mo.
Term SOFR + 0.75%), 10/25/2028(b)
|
|
12,177
|
11,994
|
|
Series 2005-A2, Class A5, 5.17%,
02/25/2035(h)
|
|
31,096
|
29,821
|
|
MHP, Series 2021-STOR, Class C, 4.85%
(1 mo. Term SOFR + 1.16%),
07/15/2038(b)(c)
|
|
4,353,000
|
4,350,787
|
|
MHP Commercial Mortgage Trust,
Series 2021-STOR, Class B, 4.70% (1
mo. Term SOFR + 1.01%),
07/15/2038(b)(c)
|
|
2,500,000
|
2,499,363
|
|
Mission Lane Credit Card Master Trust,
Series 2024-B, Class A, 5.88%,
01/15/2030(c)
|
|
3,750,000
|
3,771,454
|
|
Morgan Stanley Residential Mortgage Loan
Trust, Series 2024-4, Class AF, 5.05%
(30 Day Average SOFR + 1.35%),
09/25/2054(b)(c)
|
|
2,352,224
|
2,359,570
|
|
Navient Private Education Refi Loan Trust,
Series 2019-D, Class A2B, 4.85% (1 mo.
Term SOFR + 1.16%), 12/15/2059(b)(c)
|
|
1,323,328
|
1,322,304
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Navient Student Loan Trust
|
|
|
|
|
Series 2021-1A, Class A1B, 4.41%
(30 Day Average SOFR + 0.71%),
12/26/2069(b)(c)
|
$
|
3,657,877
|
$3,613,376
|
|
Series 2021-2A, Class A1B, 4.36%
(30 Day Average SOFR + 0.66%),
02/25/2070(b)(c)
|
|
974,588
|
974,643
|
|
Navistar Financial Dealer Note Master
Owner Trust
|
|
|
|
|
Series 2024-1, Class B, 5.79%,
04/25/2029(c)
|
|
2,080,000
|
2,086,886
|
|
Series 2024-1, Class C, 6.13%,
04/25/2029(c)
|
|
850,000
|
852,986
|
|
Nelnet Student Loan Trust
|
|
|
|
|
Series 2006-2, Class A7, 4.73%
(SOFR90A + 0.84%), 01/26/2037(b)(c)
|
|
3,361,816
|
3,353,223
|
|
Series 2014-3A, Class A, 4.39%
(30 Day Average SOFR + 0.69%),
06/25/2041(b)(c)
|
|
469,887
|
466,889
|
|
Series 2020-5A, Class A, 4.67% (1 mo.
Term SOFR + 0.99%), 10/25/2068(b)(c)
|
|
2,852,896
|
2,851,946
|
|
Series 2021-A, Class A2, 4.82% (1 mo.
Term SOFR + 1.14%), 04/20/2062(b)(c)
|
|
5,625,000
|
5,633,692
|
|
Series 2025-AA, Class A1B, 4.81%
(30 Day Average SOFR + 1.10%),
03/15/2057(b)(c)
|
|
2,117,639
|
2,114,361
|
|
NextGear Floorplan Master Owner Trust,
Series 2024-1A, Class A1, 4.61%
(30 Day Average SOFR + 0.90%),
03/15/2029(b)(c)
|
|
4,000,000
|
4,024,360
|
|
OBX Trust
|
|
|
|
|
Series 2019-EXP2, Class 2A2, 5.05% (1
mo. Term SOFR + 1.31%),
06/25/2059(b)(c)
|
|
75,238
|
74,805
|
|
Series 2019-INV2, Class A11, 4.80% (1
mo. Term SOFR + 1.06%),
05/27/2049(b)(c)
|
|
2,304,323
|
2,273,876
|
|
Series 2020-EXP1, Class 2A2, 4.74% (1
mo. Term SOFR + 1.06%),
02/25/2060(b)(c)
|
|
167,047
|
165,816
|
|
Series 2020-EXP3, Class 2A2, 4.99% (1
mo. Term SOFR + 1.31%),
01/25/2060(b)(c)
|
|
150,742
|
150,834
|
|
Series 2020-INV1, Class A11, 4.75% (1
mo. Term SOFR + 1.01%),
12/25/2049(b)(c)
|
|
155,917
|
153,179
|
|
Series 2024-NQM5, Class A1, 5.99%,
01/25/2064(c)
|
|
536,398
|
543,141
|
|
Series 2025-HE1, Class A1, 5.30%
(30 Day Average SOFR + 1.60%),
02/25/2055(b)(c)
|
|
2,159,542
|
2,171,895
|
|
Series 2025-HE2, Class A1, 5.15%
(30 Day Average SOFR + 1.45%),
08/25/2055(b)(c)
|
|
7,597,815
|
7,651,787
|
|
OneMain Financial Issuance Trust,
Series 2023-2A, Class A2, 5.21%
(30 Day Average SOFR + 1.50%),
09/15/2036(b)(c)
|
|
9,000,000
|
9,077,825
|
|
Rate Mortgage Trust, Series 2025-J3,
Class A27, 5.25% (30 Day Average
SOFR + 1.55%), 11/25/2055(b)(c)
|
|
4,838,124
|
4,880,320
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
SMB Private Education Loan Trust
|
|
|
|
|
Series 2019-B, Class A2B, 4.80% (1 mo.
Term SOFR + 1.11%), 06/15/2037(b)(c)
|
$
|
757,227
|
$757,952
|
|
Series 2020-A, Class A2B, 4.63% (1
mo. Term SOFR + 0.94%),
09/15/2037(b)(c)
|
|
522,972
|
522,875
|
|
Series 2021-A, Class A2A2, 4.53% (1
mo. Term SOFR + 0.84%),
01/15/2053(b)(c)
|
|
2,065,980
|
2,050,057
|
|
Series 2022-B, Class A1B, 5.16%
(30 Day Average SOFR + 1.45%),
02/16/2055(b)(c)
|
|
2,166,710
|
2,188,647
|
|
Series 2022-C, Class A1B, 5.56%
(30 Day Average SOFR + 1.85%),
05/16/2050(b)(c)
|
|
1,473,779
|
1,496,022
|
|
Series 2023-A, Class A1B, 5.21%
(30 Day Average SOFR + 1.50%),
01/15/2053(b)(c)
|
|
2,539,741
|
2,560,187
|
|
Series 2023-C, Class A1B, 5.26%
(30 Day Average SOFR + 1.55%),
11/15/2052(b)(c)
|
|
1,204,406
|
1,217,731
|
|
Series 2024-D, Class A1B, 4.81%
(30 Day Average SOFR + 1.10%),
07/15/2053(b)(c)
|
|
3,236,742
|
3,220,694
|
|
Series 2024-F, Class A1B, 4.71%
(30 Day Average SOFR + 1.00%),
03/16/2054(b)(c)
|
|
6,190,570
|
6,162,174
|
|
SMRT, Series 2022-MINI, Class B, 5.03%
(1 mo. Term SOFR + 1.35%),
01/15/2039(b)(c)
|
|
4,655,000
|
4,653,621
|
|
Sonic Capital LLC, Series 2020-1A,
Class A2I, 3.85%, 01/20/2050(c)
|
|
2,662,521
|
2,639,140
|
|
SREIT Trust
|
|
|
|
|
Series 2021-PALM, Class A, 4.38% (1
mo. Term SOFR + 0.70%),
10/15/2034(b)(c)
|
|
3,015,000
|
3,014,095
|
|
Series 2021-PALM, Class B, 4.60% (1
mo. Term SOFR + 0.92%),
10/15/2034(b)(c)
|
|
1,110,000
|
1,109,746
|
|
Series 2021-PALM, Class C, 4.75% (1
mo. Term SOFR + 1.07%),
10/15/2034(b)(c)
|
|
1,317,000
|
1,316,775
|
|
Textainer Marine Containers VII Ltd.
(China), Series 2020-1A, Class A,
2.73%, 08/21/2045(c)
|
|
1,472,480
|
1,429,078
|
|
WaMu Mortgage Pass-Through Ctfs. Trust,
Series 2004-AR3, Class A2, 4.52%,
06/25/2034(h)
|
|
34,871
|
33,362
|
|
Westlake Automobile Receivables Trust,
Series 2023-4A, Class C, 6.64%,
11/15/2028(c)
|
|
3,000,000
|
3,055,524
|
|
Total Asset-Backed Securities
(Cost $224,543,911)
|
222,066,268
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-8.44%
|
|||
|
Collateralized Mortgage Obligations-7.56%
|
|||
|
Fannie Mae REMICs
|
|
|
|
|
4.46%, (30 Day Average SOFR +
0.43%), 01/25/45 to 12/25/47(b)
|
|
427,734
|
420,051
|
|
4.31% (30 Day Average SOFR +
0.61%), 05/25/2046(b)
|
|
166,052
|
164,358
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations-(continued)
|
|||
|
4.44% (30 Day Average SOFR +
0.41%), 09/25/2047(b)
|
$
|
377,120
|
$373,013
|
|
4.80%, (30 Day Average SOFR +
1.10%), 07/25/54 to 02/25/55(b)
|
|
8,164,881
|
8,218,695
|
|
4.90%, (30 Day Average SOFR +
1.20%), 07/25/54 to 09/25/54(b)
|
|
10,430,924
|
10,518,239
|
|
4.85%, (30 Day Average SOFR +
1.15%), 10/25/54 to 01/25/55(b)
|
|
9,833,974
|
9,908,160
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
Series KF151, Class AS, 4.30% (30 Day
Average SOFR + 0.51%),
12/25/2032(b)
|
|
732,361
|
734,761
|
|
Series KF158, Class AS, 4.51% (30 Day
Average SOFR + 0.72%),
07/25/2033(b)
|
|
4,133,590
|
4,151,082
|
|
Series KF65, Class A, 4.42% (30 Day
Average SOFR + 0.63%),
07/25/2029(b)
|
|
1,104,834
|
1,105,572
|
|
Series KF81, Class AS, 4.19% (30 Day
Average SOFR + 0.40%),
06/25/2027(b)
|
|
552,838
|
552,324
|
|
Freddie Mac REMICs
|
|
|
|
|
4.49% (30 Day Average SOFR +
0.46%), 09/15/2038(b)
|
|
316,369
|
312,521
|
|
4.59% (30 Day Average SOFR +
0.56%), 09/15/2040(b)
|
|
281,729
|
280,154
|
|
4.32% (30 Day Average SOFR +
0.61%), 06/15/2041(b)
|
|
108,778
|
108,419
|
|
4.46% (30 Day Average SOFR +
0.43%), 08/15/2043(b)
|
|
355,129
|
351,572
|
|
4.17% (30 Day Average SOFR +
0.46%), 01/15/2048(b)
|
|
1,979,021
|
1,935,009
|
|
4.80% (30 Day Average SOFR +
1.10%), 07/25/2054(b)
|
|
6,499,079
|
6,546,033
|
|
4.75% (30 Day Average SOFR +
1.05%), 10/25/2054(b)
|
|
6,478,529
|
6,516,308
|
|
4.85%, (30 Day Average SOFR +
1.15%), 11/25/54 to 11/25/54(b)
|
|
13,995,073
|
14,084,572
|
|
4.60% (30 Day Average SOFR +
0.90%), 02/25/2055(b)
|
|
3,783,036
|
3,794,909
|
|
4.90% (30 Day Average SOFR +
1.20%), 04/25/2055(b)
|
|
5,400,604
|
5,442,449
|
|
5.20% (30 Day Average SOFR +
1.50%), 04/25/2055(b)
|
|
7,850,938
|
7,947,374
|
|
5.00%, (30 Day Average SOFR +
1.30%), 11/25/55 to 11/25/55(b)
|
|
19,204,068
|
19,361,303
|
|
|
|
|
102,826,878
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-0.54%
|
|||
|
ARM, 6.49% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.55%),
06/01/2037(b)
|
|
102,261
|
105,168
|
|
ARM, 6.47% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.72%),
11/01/2038(b)
|
|
173,282
|
179,847
|
|
ARM, 6.52% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.72%),
03/01/2043(b)
|
|
138,058
|
144,628
|
|
ARM, 6.49% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.76%),
11/01/2047(b)
|
|
2,288,326
|
2,398,758
|
|
|
Principal
Amount
|
Value
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-(continued)
|
|||
|
ARM, 5.76% (1 yr. U.S. Treasury Yield
Curve Rate + 2.16%), 11/01/2048(b)
|
$
|
2,224,832
|
$2,321,684
|
|
ARM, 6.35% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.63%),
01/01/2049(b)
|
|
2,108,139
|
2,194,910
|
|
|
|
|
7,344,995
|
|
Federal National Mortgage Association (FNMA)-0.17%
|
|||
|
ARM, 5.89% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.64%),
02/01/2035(b)
|
|
38,181
|
39,127
|
|
ARM, 5.78% (6 mo. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.57%),
07/01/2035(b)
|
|
22,796
|
23,579
|
|
ARM, 6.42% (1 yr. U.S. Treasury Yield
Curve Rate + 2.41%), 07/01/2035(b)
|
|
365,663
|
380,190
|
|
ARM, 6.41% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.66%),
10/01/2036(b)
|
|
75,052
|
77,398
|
|
ARM, 6.75% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.75%),
03/01/2037(b)
|
|
121,346
|
125,040
|
|
ARM, 6.24% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.52%),
11/01/2037(b)
|
|
40,862
|
41,810
|
|
ARM, 6.19% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.58%),
04/01/2045(b)
|
|
1,628,570
|
1,697,691
|
|
|
|
|
2,384,835
|
|
Government National Mortgage Association (GNMA)-0.17%
|
|||
|
ARM, 5.41% (1 yr. U.S. Treasury Yield
Curve Rate + 1.50%), 08/20/2049(b)
|
|
2,259,138
|
2,307,909
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $113,870,737)
|
114,864,617
|
||
|
|
Shares
|
|
|
|
Money Market Funds-0.93%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(i)(j)
(Cost $12,569,546)
|
|
12,569,546
|
12,569,546
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.16%
(Cost $1,345,787,811)
|
1,348,690,513
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.61%
|
|||
|
Invesco Private Government Fund,
3.65%(i)(j)(k)
|
|
6,091,825
|
6,091,825
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(i)(j)(k)
|
|
15,830,495
|
$15,835,244
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $21,927,069)
|
21,927,069
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.77%
(Cost $1,367,714,880)
|
1,370,617,582
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.77)%
|
(10,465,658
)
|
||
|
NET ASSETS-100.00%
|
$1,360,151,924
|
||
|
Investment Abbreviations:
|
|
|
ARM
|
-Adjustable Rate Mortgage
|
|
Ctfs.
|
-Certificates
|
|
IBOR
|
-Interbank Offered Rate
|
|
REMICs
|
-Real Estate Mortgage Investment Conduits
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
USD
|
-U.S. Dollar
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on January 31, 2026.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
January 31, 2026 was $665,354,936, which represented 48.92% of the Fund’s Net Assets.
|
|
(d)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(e)
|
Perpetual bond with no specified maturity date.
|
|
(f)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(g)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(h)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on January 31, 2026.
|
|
(i)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$24,666,318
|
$81,631,490
|
$(93,728,262
)
|
$-
|
$-
|
$12,569,546
|
$106,403
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
3,019,907
|
18,347,064
|
(15,275,146
)
|
-
|
-
|
6,091,825
|
47,326
*
|
|
Invesco Private Prime
Fund
|
7,888,876
|
48,254,014
|
(40,307,646
)
|
7
|
(7
)
|
15,835,244
|
127,882
*
|
|
Total
|
$35,575,101
|
$148,232,568
|
$(149,311,054
)
|
$7
|
$(7
)
|
$34,496,615
|
$281,611
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(j)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(k)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco AAA CLO Floating Rate Note ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$-
|
$410,773,774
|
$-
|
$410,773,774
|
|
Money Market Funds
|
12,007,233
|
-
|
-
|
12,007,233
|
|
Total Investments in Securities
|
12,007,233
|
410,773,774
|
-
|
422,781,007
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
45,455
|
-
|
45,455
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(186,394
)
|
-
|
(186,394
)
|
|
Total Other Investments
|
-
|
(140,939
)
|
-
|
(140,939
)
|
|
Total Investments
|
$12,007,233
|
$410,632,835
|
$-
|
$422,640,068
|
|
Invesco Active U.S. Real Estate ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$47,196,638
|
$-
|
$-
|
$47,196,638
|
|
Money Market Funds
|
52,854
|
615,726
|
-
|
668,580
|
|
Total Investments
|
$47,249,492
|
$615,726
|
$-
|
$47,865,218
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Core Fixed Income ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Treasury Securities
|
$-
|
$70,032,047
|
$-
|
$70,032,047
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
56,052,668
|
-
|
56,052,668
|
|
U.S. Dollar Denominated Bonds & Notes
|
-
|
54,907,596
|
446,131
|
55,353,727
|
|
Asset-Backed Securities
|
-
|
35,977,003
|
-
|
35,977,003
|
|
Agency Credit Risk Transfer Notes
|
-
|
488,556
|
-
|
488,556
|
|
Money Market Funds
|
18,570,802
|
714,315
|
-
|
19,285,117
|
|
Total Investments in Securities
|
18,570,802
|
218,172,185
|
446,131
|
237,189,118
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
52,221
|
-
|
-
|
52,221
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(23,621
)
|
-
|
-
|
(23,621
)
|
|
Total Other Investments
|
28,600
|
-
|
-
|
28,600
|
|
Total Investments
|
$18,599,402
|
$218,172,185
|
$446,131
|
$237,217,718
|
|
Invesco Global Equity Net Zero ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$107,608,196
|
$48,578,962
|
$-
|
$156,187,158
|
|
Preferred Stocks
|
-
|
116,155
|
-
|
116,155
|
|
Money Market Funds
|
115,210
|
850,373
|
-
|
965,583
|
|
Total Investments
|
$107,723,406
|
$49,545,490
|
$-
|
$157,268,896
|
|
Invesco High Yield Systematic Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$146,894,944
|
$-
|
$146,894,944
|
|
U.S. Treasury Securities
|
-
|
412,840
|
-
|
412,840
|
|
Common Stocks & Other Equity Interests
|
-
|
34,722
|
-
|
34,722
|
|
Preferred Stocks
|
-
|
-
|
858
|
858
|
|
Money Market Funds
|
718,227
|
41,890,958
|
-
|
42,609,185
|
|
Total Investments in Securities
|
718,227
|
189,233,464
|
858
|
189,952,549
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
6,000
|
-
|
-
|
6,000
|
|
Swap Agreements
|
-
|
30,646
|
-
|
30,646
|
|
|
6,000
|
30,646
|
-
|
36,646
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(63,889
)
|
-
|
-
|
(63,889
)
|
|
Total Other Investments
|
(57,889
)
|
30,646
|
-
|
(27,243
)
|
|
Total Investments
|
$660,338
|
$189,264,110
|
$858
|
$189,925,306
|
|
Invesco International Growth Focus ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$39,237,906
|
$113,310,692
|
$-
|
$152,548,598
|
|
Money Market Funds
|
-
|
6,400,827
|
-
|
6,400,827
|
|
Total Investments
|
$39,237,906
|
$119,711,519
|
$-
|
$158,949,425
|
|
Invesco MSCI EAFE Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$3,507,042
|
$248,129,090
|
$-
|
$251,636,132
|
|
Equity Linked Notes
|
-
|
7,655,920
|
-
|
7,655,920
|
|
Money Market Funds
|
70,450,202
|
5,654,667
|
-
|
76,104,869
|
|
Total Investments
|
$73,957,244
|
$261,439,677
|
$-
|
$335,396,921
|
|
Invesco QQQ Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$415,113,973
|
$-
|
$-
|
$415,113,973
|
|
Equity Linked Notes
|
-
|
25,277,372
|
-
|
25,277,372
|
|
Money Market Funds
|
98,488,490
|
-
|
-
|
98,488,490
|
|
Total Investments
|
$513,602,463
|
$25,277,372
|
$-
|
$538,879,835
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco S&P 500® Downside Hedged ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$46,026,743
|
$-
|
$-
|
$46,026,743
|
|
Money Market Funds
|
16,644,881
|
31,557
|
-
|
16,676,438
|
|
Total Investments in Securities
|
62,671,624
|
31,557
|
-
|
62,703,181
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
374,909
|
-
|
-
|
374,909
|
|
Total Investments
|
$63,046,533
|
$31,557
|
$-
|
$63,078,090
|
|
Invesco S&P 500 Equal Weight Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$457,439,131
|
$-
|
$-
|
$457,439,131
|
|
Equity Linked Notes
|
-
|
28,968,769
|
-
|
28,968,769
|
|
Money Market Funds
|
96,083,201
|
4,112,888
|
-
|
100,196,089
|
|
Total Investments
|
$553,522,332
|
$33,081,657
|
$-
|
$586,603,989
|
|
Invesco Short Duration High Yield ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$7,230,754
|
$42,957
|
$7,273,711
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
-
|
349,928
|
-
|
349,928
|
|
Money Market Funds
|
109,195
|
283,969
|
-
|
393,164
|
|
Total Investments in Securities
|
109,195
|
7,864,651
|
42,957
|
8,016,803
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
371
|
-
|
-
|
371
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(5,499
)
|
-
|
(5,499
)
|
|
Total Other Investments
|
371
|
(5,499
)
|
-
|
(5,128
)
|
|
Total Investments
|
$109,566
|
$7,859,152
|
$42,957
|
$8,011,675
|
|
Invesco Short Duration Total Return Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$79,513,977
|
$-
|
$79,513,977
|
|
Asset-Backed Securities
|
-
|
27,149,480
|
-
|
27,149,480
|
|
U.S. Treasury Securities
|
-
|
4,755,103
|
-
|
4,755,103
|
|
Agency Credit Risk Transfer Notes
|
-
|
226,509
|
-
|
226,509
|
|
Preferred Stocks
|
28,996
|
-
|
-
|
28,996
|
|
Money Market Funds
|
3,215,269
|
721,070
|
-
|
3,936,339
|
|
Total Investments in Securities
|
3,244,265
|
112,366,139
|
-
|
115,610,404
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
115,509
|
-
|
-
|
115,509
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(60,091
)
|
-
|
-
|
(60,091
)
|
|
Total Other Investments
|
55,418
|
-
|
-
|
55,418
|
|
Total Investments
|
$3,299,683
|
$112,366,139
|
$-
|
$115,665,822
|
|
Invesco SteelPath MLP & Energy Infrastructure ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$39,628,520
|
$-
|
$-
|
$39,628,520
|
|
Master Limited Partnerships & Related Entities
|
14,181,480
|
-
|
-
|
14,181,480
|
|
Money Market Funds
|
586,920
|
5,348,189
|
-
|
5,935,109
|
|
Total Investments
|
$54,396,920
|
$5,348,189
|
$-
|
$59,745,109
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Top QQQ ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$21,915,114
|
$-
|
$-
|
$21,915,114
|
|
Money Market Funds
|
17,979,399
|
-
|
-
|
17,979,399
|
|
Total Investments in Securities
|
39,894,513
|
-
|
-
|
39,894,513
|
|
Other Investments - Assets*
|
|
|
|
|
|
Swap Agreements
|
-
|
3,873,592
|
-
|
3,873,592
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Swap Agreements
|
-
|
(79,769
)
|
-
|
(79,769
)
|
|
Total Other Investments
|
-
|
3,793,823
|
-
|
3,793,823
|
|
Total Investments
|
$39,894,513
|
$3,793,823
|
$-
|
$43,688,336
|
|
Invesco Total Return Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$791,504,365
|
$22,698,263
|
$814,202,628
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
663,758,734
|
-
|
663,758,734
|
|
Asset-Backed Securities
|
-
|
466,968,788
|
2,819,544
|
469,788,332
|
|
U.S. Treasury Securities
|
-
|
370,948,219
|
-
|
370,948,219
|
|
Variable Rate Senior Loan Interests
|
-
|
33,042,056
|
-
|
33,042,056
|
|
Exchange-Traded Funds
|
26,958,611
|
-
|
-
|
26,958,611
|
|
Municipal Obligations
|
-
|
12,446,004
|
-
|
12,446,004
|
|
Preferred Stocks
|
8,439,545
|
-
|
-
|
8,439,545
|
|
Agency Credit Risk Transfer Notes
|
-
|
3,156,309
|
-
|
3,156,309
|
|
U.S. Government Sponsored Agency Securities
|
-
|
2,546,468
|
-
|
2,546,468
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
-
|
491,987
|
-
|
491,987
|
|
Options Purchased
|
929,190
|
-
|
-
|
929,190
|
|
Money Market Funds
|
160,867,202
|
132,876,047
|
-
|
293,743,249
|
|
Total Investments in Securities
|
197,194,548
|
2,477,738,977
|
25,517,807
|
2,700,451,332
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
1,044,364
|
-
|
-
|
1,044,364
|
|
Investments Matured
|
-
|
20,000
|
-
|
20,000
|
|
|
1,044,364
|
20,000
|
-
|
1,064,364
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(13,660
)
|
-
|
(13,660
)
|
|
Futures Contracts
|
(505,709
)
|
-
|
-
|
(505,709
)
|
|
|
(505,709
)
|
(13,660
)
|
-
|
(519,369
)
|
|
Total Other Investments
|
538,655
|
6,340
|
-
|
544,995
|
|
Total Investments
|
$197,733,203
|
$2,477,745,317
|
$25,517,807
|
$2,700,996,327
|
|
Invesco Ultra Short Duration ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$1,932,596,317
|
$-
|
$1,932,596,317
|
|
Commercial Paper
|
-
|
712,525,139
|
-
|
712,525,139
|
|
Asset-Backed Securities
|
-
|
554,598,598
|
-
|
554,598,598
|
|
Certificates of Deposit
|
-
|
30,561,791
|
-
|
30,561,791
|
|
Repurchase Agreements
|
-
|
30,000,000
|
-
|
30,000,000
|
|
Exchange-Traded Funds
|
9,290,463
|
-
|
-
|
9,290,463
|
|
Money Market Funds
|
-
|
29,016,840
|
-
|
29,016,840
|
|
Total Investments
|
$9,290,463
|
$3,289,298,685
|
$-
|
$3,298,589,148
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Variable Rate Investment Grade ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$515,889,176
|
$-
|
$515,889,176
|
|
U.S. Treasury Securities
|
-
|
245,719,359
|
-
|
245,719,359
|
|
Agency Credit Risk Transfer Notes
|
-
|
237,581,547
|
-
|
237,581,547
|
|
Asset-Backed Securities
|
-
|
222,066,268
|
-
|
222,066,268
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
114,864,617
|
-
|
114,864,617
|
|
Money Market Funds
|
12,569,546
|
21,927,069
|
-
|
34,496,615
|
|
Total Investments
|
$12,569,546
|
$1,358,048,036
|
$-
|
$1,370,617,582
|
|
*
|
Forward foreign currency contracts, futures contracts and swap agreements are valued
at unrealized appreciation (depreciation). Investments matured and
options written are shown at value.
|