|
|
Par Value(1)
|
Value
|
|
U.S. Government Securities—1.4%
|
||
|
U.S. Treasury Bonds
|
|
|
|
4.625%, 2/15/55(2)
|
$3,440
|
$3,431
|
|
4.750%, 5/15/55(2)
|
1,120
|
1,140
|
|
U.S. Treasury Note
4.625%, 2/15/35(2)
|
1,135
|
1,197
|
|
Total U.S. Government
Securities
(Identified Cost $5,687)
|
5,768
|
|
|
|
|
|
|
|
||
|
Foreign Government Securities—5.8%
|
||
|
Arab Republic of Egypt
|
|
|
|
144A
5.875%, 2/16/31(3)
|
48
|
47
|
|
144A
6.875%, 4/30/40(3)
|
60
|
55
|
|
144A
8.500%, 1/31/47(3)
|
528
|
504
|
|
144A
8.750%, 9/30/51(3)
|
142
|
137
|
|
Benin Government
International Bond 144A
7.960%, 2/13/38(3)
|
92
|
96
|
|
Bolivarian Republic of
Venezuela
|
|
|
|
RegS
12.750%, 8/23/22(4)(5)
|
260
|
120
|
|
RegS
8.250%, 10/13/24(4)(5)
|
85
|
33
|
|
RegS
11.750%, 10/21/26(4)(5)
|
145
|
67
|
|
Brazil Notas do Tesouro
Nacional
|
|
|
|
Series F
10.000%, 1/1/29
|
1,660
BRL
|
305
|
|
Series F
10.000%, 1/1/31
|
3,440
BRL
|
601
|
|
Bulgaria Government
International Bond RegS
5.000%, 3/5/37(5)
|
120
|
121
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
Costa Rica Government
|
|
|
|
144A
6.550%, 4/3/34(3)
|
$110
|
$119
|
|
144A
7.300%, 11/13/54(3)
|
107
|
122
|
|
Czech Republic
Government Bond
1.750%, 6/23/32
|
20,590
CZK
|
884
|
|
Dominican Republic
|
|
|
|
144A
4.875%, 9/23/32(3)
|
57
|
55
|
|
144A
5.875%, 10/28/35(3)
|
209
|
209
|
|
144A
6.600%, 6/1/36(3)
|
113
|
119
|
|
144A
6.950%, 3/15/37(3)
|
157
|
169
|
|
RegS
6.950%, 3/15/37(5)
|
199
|
214
|
|
Eagle Funding Luxco S.a.r.l.
144A
5.500%, 8/17/30(3)
|
133
|
136
|
|
Federal Republic of Ethiopia
144A
6.625%, 12/11/26(3)(4)
|
41
|
42
|
|
Federative Republic of Brazil
|
|
|
|
6.250%, 3/18/31 |
45
|
48
|
|
6.000%, 10/20/33 |
316
|
323
|
|
6.625%, 3/15/35 |
195
|
205
|
|
6.250%, 5/22/36 |
37
|
37
|
|
7.250%, 1/12/56 |
217
|
220
|
|
Hungary Government
International Bond
|
|
|
|
144A
5.500%, 6/16/34(3)
|
32
|
33
|
|
144A
6.000%, 9/26/35(3)
|
345
|
363
|
|
144A
5.500%, 3/26/36(3)
|
371
|
376
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
Islamic Republic of
Pakistan 144A
7.375%, 4/8/31(3)
|
$132
|
$130
|
|
Kingdom of Bahrain 144A
7.100%, 2/3/38(3)
|
326
|
327
|
|
Kyrgyz Republic
International Bond 144A
7.750%, 6/3/30(3)
|
161
|
168
|
|
Lebanon Government
International Bond
|
|
|
|
RegS
8.250%, 4/12/21(4)(5)
|
114
|
33
|
|
RegS
7.000%, 3/23/32(4)(5)
|
207
|
61
|
|
Malaysia Government Bond
2.632%, 4/15/31
|
3,630
MYR
|
902
|
|
Mex Bonos Desarr
|
|
|
|
8.500%, 5/31/29 |
9,050
MXN
|
539
|
|
7.750%, 11/13/42 |
7,000
MXN
|
358
|
|
Oman Government
International Bond
|
|
|
|
144A
6.250%, 1/25/31(3)
|
197
|
211
|
|
144A
6.500%, 3/8/47(3)
|
322
|
348
|
|
Republic of Angola
|
|
|
|
144A
8.000%, 11/26/29(3)
|
119
|
118
|
|
144A
9.244%, 1/15/31(3)
|
43
|
44
|
|
144A
8.750%, 4/14/32(3)
|
96
|
94
|
|
Republic of Argentina
|
|
|
|
0.750%, 7/9/30(6) |
392
|
332
|
|
4.125%, 7/9/35(6) |
142
|
107
|
|
4.125%, 7/9/46(6) |
534
|
380
|
|
Republic of Chile
|
|
|
|
4.350%, 4/13/31 |
149
|
149
|
|
4.950%, 1/5/36 |
162
|
166
|
|
5.330%, 1/5/54 |
47
|
47
|
|
3.250%, 9/21/71 |
88
|
57
|
|
Republic of Colombia
|
|
|
|
7.375%, 4/25/30 |
62
|
65
|
|
6.125%, 1/21/31 |
105
|
105
|
|
8.000%, 11/14/35 |
527
|
562
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
8.750%, 11/14/53 |
$39
|
$43
|
|
Republic of Ecuador
|
|
|
|
144A
9.250%, 1/29/39(3)
|
200
|
203
|
|
RegS
6.900%, 7/31/35(5)(6)
|
164
|
149
|
|
RegS
5.000%, 7/31/40(5)(6)
|
53
|
43
|
|
Republic of El Salvador
|
|
|
|
RegS
7.650%, 6/15/35(5)
|
273
|
282
|
|
RegS
7.625%, 2/1/41(5)
|
52
|
52
|
|
Republic of Gabon 144A
6.625%, 2/6/31(3)
|
72
|
60
|
|
Republic of Ghana RegS
5.000%, 7/3/35(5)(6)
|
250
|
226
|
|
Republic of Guatemala
|
|
|
|
144A
6.875%, 8/15/55(3)
|
49
|
54
|
|
RegS
6.250%, 8/15/36(5)
|
112
|
119
|
|
Republic of Indonesia
|
|
|
|
2.850%, 2/14/30 |
89
|
84
|
|
5.600%, 1/15/35 |
130
|
137
|
|
4.950%, 2/21/36 |
105
|
105
|
|
5.100%, 2/10/54 |
141
|
134
|
|
3.200%, 9/23/61 |
84
|
53
|
|
Republic of Ivory Coast
|
|
|
|
144A
6.125%, 6/15/33(3)
|
200
|
198
|
|
144A
8.075%, 4/1/36(3)
|
45
|
49
|
|
Republic of Kazakhstan
144A
5.500%, 7/1/37(3)
|
179
|
185
|
|
Republic of Kenya
|
|
|
|
144A
7.875%, 10/9/33(3)
|
87
|
87
|
|
144A
9.500%, 3/5/36(3)
|
119
|
125
|
|
144A
8.700%, 2/26/39(3)
|
120
|
117
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
Republic of Nigeria
|
|
|
|
144A
9.625%, 6/9/31(3)
|
$73
|
$83
|
|
144A
7.375%, 9/28/33(3)
|
188
|
191
|
|
144A
10.375%, 12/9/34(3)
|
251
|
299
|
|
Republic of Panama
|
|
|
|
3.875%, 3/17/28 |
85
|
84
|
|
5.227%, 2/23/34 |
50
|
50
|
|
6.700%, 1/26/36 |
54
|
59
|
|
8.000%, 3/1/38 |
199
|
237
|
|
Republic of Peru
|
|
|
|
3.000%, 1/15/34 |
109
|
96
|
|
5.375%, 2/8/35 |
145
|
150
|
|
5.875%, 8/8/54 |
179
|
181
|
|
3.600%, 1/15/72 |
139
|
91
|
|
Republic of Philippines
3.700%, 3/1/41
|
326
|
275
|
|
Republic of Poland
|
|
|
|
5.750%, 11/16/32 |
87
|
94
|
|
4.875%, 10/4/33 |
153
|
157
|
|
5.375%, 2/12/35 |
215
|
225
|
|
5.500%, 4/4/53 |
35
|
34
|
|
Republic of Senegal 144A
6.250%, 5/23/33(3)
|
91
|
56
|
|
Republic of South Africa
|
|
|
|
5.375%, 7/24/44 |
54
|
45
|
|
5.650%, 9/27/47 |
356
|
300
|
|
8.750%, 2/28/48 |
14,100
ZAR
|
895
|
|
144A
7.100%, 11/19/36(3)
|
150
|
161
|
|
144A
6.125%, 12/11/37(3)
|
178
|
176
|
|
144A
7.950%, 11/19/54(3)
|
128
|
138
|
|
Republic of Sri Lanka 144A
3.600%, 6/15/35(3)(6)
|
365
|
298
|
|
Republic of Turkiye
|
|
|
|
9.125%, 7/13/30 |
320
|
362
|
|
7.250%, 5/29/32 |
44
|
46
|
|
7.625%, 5/15/34 |
272
|
291
|
|
6.950%, 9/16/35 |
120
|
122
|
|
6.625%, 2/17/45 |
178
|
163
|
|
Republic of Zambia 144A
5.750%, 6/30/33(3)(6)
|
80
|
78
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
Republica Orient Uruguay
|
|
|
|
5.100%, 6/18/50 |
$188
|
$181
|
|
4.975%, 4/20/55 |
243
|
225
|
|
Romanian Government
International Bond
|
|
|
|
144A
5.875%, 1/30/29(3)
|
273
|
283
|
|
144A
7.125%, 1/17/33(3)
|
206
|
228
|
|
144A
6.375%, 1/30/34(3)
|
316
|
334
|
|
144A
5.750%, 7/4/36(3)
|
75
|
75
|
|
Saudi International Bond
|
|
|
|
144A
4.875%, 7/18/33(3)
|
193
|
196
|
|
144A
4.875%, 1/12/36(3)
|
155
|
156
|
|
144A
4.500%, 10/26/46(3)
|
492
|
423
|
|
RegS
5.625%, 1/13/35(5)
|
240
|
256
|
|
Suriname Government
International Bond 144A
8.500%, 11/6/35(3)
|
111
|
119
|
|
Trinidad & Tobago
Government
International Bond
|
|
|
|
144A
5.950%, 1/14/31(3)
|
65
|
67
|
|
144A
6.400%, 6/26/34(3)
|
40
|
41
|
|
144A
6.500%, 1/28/36(3)
|
181
|
183
|
|
Ukraine Government Bond
|
|
|
|
144A
4.500%, 2/1/29(3)(6)
|
64
|
49
|
|
144A
0.000%, 2/1/30(3)(6)
|
3
|
2
|
|
144A
4.000%, 2/1/32(3)(6)
|
162
|
126
|
|
144A
4.500%, 2/1/35(3)(6)
|
18
|
11
|
|
144A
0.000%, 2/1/36(3)(6)
|
74
|
42
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Foreign Government Securities—continued
|
||
|
144A
4.500%, 2/1/36(3)(6)
|
$4
|
$3
|
|
RegS
0.000%, 2/1/30(5)(6)
|
8
|
5
|
|
RegS
4.000%, 2/1/32(5)(6)
|
260
|
201
|
|
RegS
0.000%, 2/1/34(5)(6)
|
28
|
14
|
|
RegS
4.500%, 2/1/36(5)(6)
|
7
|
4
|
|
United Mexican States
|
|
|
|
5.850%, 7/2/32 |
150
|
156
|
|
5.375%, 3/22/33 |
79
|
79
|
|
3.500%, 2/12/34 |
309
|
271
|
|
6.000%, 5/7/36 |
72
|
74
|
|
6.125%, 2/9/38 |
90
|
91
|
|
6.338%, 5/4/53 |
205
|
199
|
|
6.400%, 5/7/54 |
76
|
74
|
|
3.771%, 5/24/61 |
95
|
59
|
|
Uzbekistan International
Bond
|
|
|
|
144A
3.700%, 11/25/30(3)
|
34
|
32
|
|
144A
6.900%, 2/28/32(3)
|
152
|
164
|
|
Total Foreign Government
Securities
(Identified Cost $22,415)
|
23,428
|
|
|
|
|
|
|
|
||
|
Mortgage-Backed Securities—8.9%
|
||
|
Agency—4.2%
|
|
|
|
Federal Home Loan
Mortgage Corporation
|
|
|
|
Pool #SD6322
4.500%, 8/1/53
|
742
|
740
|
|
Pool #SD8350
6.000%, 8/1/53
|
371
|
382
|
|
Pool #SD8492
5.000%, 1/1/55
|
3,455
|
3,474
|
|
Pool #SD8494
5.500%, 1/1/55
|
1,739
|
1,768
|
|
Pool #SL0019
5.500%, 1/1/55
|
2,098
|
2,134
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Agency—continued
|
|
|
|
Pool #SL0627
6.000%, 10/1/54
|
$1,070
|
$1,101
|
|
Pool #SL1127
6.000%, 12/1/54
|
1,301
|
1,334
|
|
Federal National Mortgage
Association
|
|
|
|
Pool #CB0534
3.000%, 5/1/51
|
835
|
757
|
|
Pool #CB6857
4.500%, 8/1/53
|
345
|
342
|
|
Pool #FA0685
6.000%, 1/1/55
|
309
|
318
|
|
Pool #FA1728
6.000%, 10/1/53
|
1,165
|
1,200
|
|
Pool #FS4438
5.000%, 11/1/52
|
704
|
711
|
|
Pool #FS7751
4.000%, 3/1/53
|
1,283
|
1,250
|
|
Pool #FS8791
6.000%, 8/1/54
|
422
|
433
|
|
Pool #MA4805
4.500%, 11/1/52
|
749
|
743
|
|
|
|
16,687
|
|
|
|
|
|
|
||
|
Non-Agency—4.7%
|
|
|
|
A&D Mortgage Trust
2025-NQM2, A1 144A
5.790%, 6/25/70(3)(7)
|
296
|
299
|
|
Ajax Mortgage Loan Trust
2019-D, A1 144A
2.956%, 9/25/65(3)(7)
|
139
|
136
|
|
ALA Trust 2025-OANA, A (1
month Term SOFR +
1.743%, Cap N/A, Floor
1.743%) 144A
5.403%, 6/15/40(3)(7)
|
435
|
437
|
|
AMSR Trust
|
|
|
|
2021-SFR2, C 144A
1.877%, 8/17/38(3)
|
245
|
242
|
|
2021-SFR3, D 144A
2.177%, 10/17/38(3)
|
260
|
256
|
|
Angel Oak Mortgage Trust
|
|
|
|
2022-5, A1 144A
4.500%, 5/25/67(3)(7)
|
295
|
294
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Non-Agency—continued
|
|
|
|
2023-1, A1 144A
4.750%, 9/26/67(3)(7)
|
$317
|
$316
|
|
Arroyo Mortgage Trust
|
|
|
|
2019-1, A1 144A
3.805%, 1/25/49(3)(7)
|
198
|
194
|
|
2019-2, A1 144A
3.347%, 4/25/49(3)(7)
|
72
|
71
|
|
BBCMS Trust 2018-CBM, A
(1 month Term SOFR +
1.297%, Cap N/A, Floor
1.250%) 144A
4.957%, 7/15/37(3)(7)
|
375
|
365
|
|
Benchmark Mortgage Trust
2023-B38, A2
5.626%, 4/15/56
|
210
|
214
|
|
BX Commercial Mortgage
Trust 2024-XL5, A (1
month Term SOFR +
1.392%, Cap N/A, Floor
1.392%) 144A
5.051%, 3/15/41(3)(7)
|
336
|
336
|
|
BX Trust
|
|
|
|
2019-OC11, D 144A
3.944%, 12/9/41(3)(7)
|
315
|
304
|
|
2022-CLS, A 144A
5.760%, 10/13/27(3)
|
293
|
294
|
|
2025-ROIC, C (1 month
Term SOFR + 1.543%,
Cap N/A, Floor 1.543%)
144A
5.203%, 3/15/30(3)(7)
|
264
|
263
|
|
CENT 2025-CITY, A 144A
4.920%, 7/10/40(3)(7)
|
325
|
333
|
|
Chase Mortgage Finance
Corp. 2016-SH2, M2
144A
3.750%, 12/25/45(3)(7)
|
191
|
183
|
|
CIM Trust 2022-R2, A1
144A
3.750%, 12/25/61(3)(7)
|
316
|
305
|
|
Citigroup Mortgage Loan
Trust, Inc. 2018-RP1, A1
144A
3.000%, 9/25/64(3)(7)
|
81
|
80
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Non-Agency—continued
|
|
|
|
CoreVest American Finance
Trust
|
|
|
|
2019-3, C 144A
3.265%, 10/15/52(3)
|
$400
|
$381
|
|
2022-1, A 144A
4.744%, 6/17/55(3)(7)
|
215
|
216
|
|
Credit Suisse Mortgage
Capital Trust 2020-RPL4,
A1 144A
2.000%, 1/25/60(3)(7)
|
211
|
194
|
|
Deephaven Residential
Mortgage Trust 2022-1,
A1 144A
2.205%, 1/25/67(3)(7)
|
197
|
187
|
|
Ellington Financial
Mortgage Trust 2019-2,
A3 144A
3.046%, 11/25/59(3)(7)
|
16
|
15
|
|
ELM Trust 2024-ELM, A10
144A
5.994%, 6/10/39(3)(7)
|
317
|
318
|
|
Fashion Show Mall LLC
2024-SHOW, A 144A
5.274%, 10/10/41(3)(7)
|
470
|
481
|
|
FirstKey Homes Trust
2021-SFR1, D 144A
2.189%, 8/17/38(3)
|
330
|
326
|
|
Galton Funding Mortgage
Trust 2018-1, A23 144A
3.500%, 11/25/57(3)(7)
|
11
|
10
|
|
Houston Galleria Mall Trust
2025-HGLR, A 144A
5.462%, 2/5/45(3)(7)
|
150
|
158
|
|
Hudson Yards Mortgage
Trust 2025-SPRL, A
144A
5.467%, 1/13/40(3)(7)
|
370
|
386
|
|
Imperial Fund Mortgage
Trust 2022-NQM3, A1
144A
4.380%, 5/25/67(3)(7)
|
319
|
318
|
|
IRV Trust 2025-200P, B
144A
5.440%, 3/14/47(3)(7)
|
130
|
133
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Non-Agency—continued
|
|
|
|
JPMorgan Chase
Commercial Mortgage
Securities Trust
2024-OMNI, A 144A
5.797%, 10/5/39(3)(7)
|
$430
|
$437
|
|
JPMorgan Chase Mortgage
Trust
|
|
|
|
2014-5, B2 144A
2.539%, 10/25/29(3)(7)
|
205
|
199
|
|
2017-3, 2A2 144A
2.500%, 8/25/47(3)(7)
|
51
|
46
|
|
2025-NQM2, A1 144A
5.567%, 9/25/65(3)(7)
|
214
|
217
|
|
MetLife Securitization Trust
|
|
|
|
2017-1A, M1 144A
3.362%, 4/25/55(3)(7)
|
241
|
224
|
|
2019-1A, A1A 144A
3.750%, 4/25/58(3)(7)
|
19
|
19
|
|
MFA Trust
|
|
|
|
2022-INV2, A1 144A
4.950%, 7/25/57(3)(7)
|
501
|
500
|
|
2022-NQM2, A1 144A
4.000%, 5/25/67(3)(7)
|
159
|
159
|
|
2024-NQM2, A1 144A
5.272%, 8/25/69(3)(7)
|
245
|
246
|
|
Mill City Mortgage Loan
Trust 2019-1, M2 144A
3.500%, 10/25/69(3)(7)
|
354
|
334
|
|
MSSG Trust 2017-237P, A
144A
3.397%, 9/13/39(3)
|
445
|
425
|
|
New Residential Mortgage
Loan Trust
|
|
|
|
2014-1A, A 144A
3.750%, 1/25/54(3)(7)
|
24
|
24
|
|
2016-4A, A1 144A
3.750%, 11/25/56(3)(7)
|
14
|
14
|
|
2026-NQM3, A1 144A
4.833%, 2/25/66(3)(7)
|
270
|
271
|
|
NYC Commercial Mortgage
Trust 2025-300P, A 144A
4.879%, 7/13/42(3)(7)
|
400
|
405
|
|
OBX Trust
|
|
|
|
2024-NQM16, A1 144A
5.530%, 10/25/64(3)(7)
|
316
|
319
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Non-Agency—continued
|
|
|
|
2025-NQM4, A1 144A
5.400%, 2/25/55(3)(7)
|
$304
|
$307
|
|
Palisades Mortgage Loan
Trust 2021-RTL1, A1
144A
3.487%, 6/25/26(3)(7)
|
26
|
26
|
|
PMT Loan Trust 2025-INV7,
A7 144A
6.000%, 6/25/56(3)(7)
|
220
|
225
|
|
PRKCM Trust 2022-AFC1,
A1A 144A
4.100%, 4/25/57(3)(7)
|
326
|
329
|
|
RCKT Mortgage Trust
2020-1, A1 144A
3.000%, 2/25/50(3)(7)
|
151
|
135
|
|
RFR Trust 2025-SGRM, A
144A
5.379%, 3/11/41(3)(7)
|
400
|
410
|
|
ROCK Trust
|
|
|
|
2024-CNTR, A 144A
5.388%, 11/13/41(3)
|
225
|
233
|
|
2024-CNTR, C 144A
6.471%, 11/13/41(3)
|
330
|
346
|
|
Sequoia Mortgage Trust
2013-8, B1
3.478%, 6/25/43(7)
|
47
|
47
|
|
Towd Point Mortgage Trust
|
|
|
|
2016-4, B1 144A
3.943%, 7/25/56(3)(7)
|
480
|
474
|
|
2017-1, M1 144A
3.750%, 10/25/56(3)(7)
|
385
|
382
|
|
2017-4, A2 144A
3.000%, 6/25/57(3)(7)
|
610
|
588
|
|
2018-6, A2 144A
3.750%, 3/25/58(3)(7)
|
480
|
456
|
|
2019-2, A2 144A
3.750%, 12/25/58(3)(7)
|
515
|
481
|
|
2019-4, A2 144A
3.250%, 10/25/59(3)(7)
|
445
|
418
|
|
2021-1, A2 144A
2.750%, 11/25/61(3)(7)
|
465
|
410
|
|
Tricon American Homes
Trust
|
|
|
|
2019-SFR1, C 144A
3.149%, 3/17/38(3)
|
590
|
589
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Non-Agency—continued
|
|
|
|
2020-SFR2, D 144A
2.281%, 11/17/39(3)
|
$660
|
$631
|
|
Tricon Residential Trust
2021-SFR1, B 144A
2.244%, 7/17/38(3)
|
185
|
183
|
|
Verus Securitization Trust
2023-8, A1 144A
6.259%, 12/25/68(3)(7)
|
165
|
166
|
|
Visio Trust
|
|
|
|
2020-1R, A2 144A
1.567%, 11/25/55(3)
|
22
|
21
|
|
2022-1, A2 144A
5.850%, 8/25/57(3)(7)
|
174
|
174
|
|
Wells Fargo Mortgage
Backed Securities Trust
2020-4, A1 144A
3.000%, 7/25/50(3)(7)
|
102
|
92
|
|
|
|
19,007
|
|
|
|
|
|
|
||
|
Total Mortgage-Backed
Securities
(Identified Cost $35,819)
|
35,694
|
|
|
|
|
|
|
|
||
|
Asset-Backed Securities—4.8%
|
||
|
Automobiles—1.6%
|
|
|
|
Arivo Acceptance Auto Loan
Receivables Trust
|
|
|
|
2024-1A, B 144A
6.870%, 6/17/30(3)
|
462
|
471
|
|
2025-1A, A2 144A
4.920%, 5/15/29(3)
|
270
|
271
|
|
Avis Budget Rental Car
Funding LLC (AESOP)
2024-2A, D 144A
7.430%, 10/20/28(3)
|
336
|
344
|
|
Carmax Select Receivables
Trust 2025-B, C
4.830%, 6/16/31
|
380
|
387
|
|
Carvana Auto Receivables
Trust 2023-N4, C 144A
6.590%, 2/11/30(3)
|
485
|
498
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Automobiles—continued
|
|
|
|
Exeter Automobile
Receivables Trust
2023-3A, D
6.680%, 4/16/29
|
$530
|
$541
|
|
Flagship Credit Auto Trust
2024-1, D 144A
6.300%, 4/15/30(3)
|
250
|
248
|
|
LAD Auto Receivables Trust
|
|
|
|
2023-1A, D 144A
7.300%, 6/17/30(3)
|
550
|
556
|
|
2023-2A, D 144A
6.300%, 2/15/31(3)
|
450
|
458
|
|
2023-4A, C 144A
6.760%, 3/15/29(3)
|
412
|
423
|
|
Lendbuzz Securitization
Trust 2024-3A, B 144A
5.030%, 11/15/30(3)
|
425
|
425
|
|
OneMain Direct Auto
Receivables Trust
2022-1A, C 144A
5.310%, 6/14/29(3)
|
410
|
411
|
|
SAFCO Auto Receivables
Trust 2025-1A, C 144A
5.750%, 11/11/30(3)
|
390
|
391
|
|
United Auto Credit
Securitization Trust
2024-1, C 144A
7.060%, 10/10/29(3)
|
140
|
140
|
|
Veros Auto Receivables
Trust 2024-1, C 144A
7.570%, 12/15/28(3)
|
300
|
309
|
|
Westlake Automobile
Receivables Trust
2024-2A, B 144A
5.620%, 3/15/30(3)
|
360
|
363
|
|
|
|
6,236
|
|
|
|
|
|
|
||
|
Consumer Loans—0.1%
|
|
|
|
Reach ABS Trust 2024-1A,
B 144A
6.290%, 2/18/31(3)
|
351
|
353
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Other—3.0%
|
|
|
|
Amur Equipment Finance
Receivables XV LLC
2025-1A, D 144A
5.680%, 8/20/32(3)
|
$340
|
$349
|
|
Applebee’s Funding LLC
2023-1A, A2 144A
7.824%, 3/5/53(3)
|
347
|
352
|
|
Aqua Finance Issuer Trust
2025-A, A 144A
5.250%, 12/19/50(3)
|
231
|
236
|
|
Aqua Finance Trust 2019-A,
C 144A
4.010%, 7/16/40(3)
|
272
|
268
|
|
Bojangles Issuer LLC
2024-1A, A2 144A
6.584%, 11/20/54(3)
|
373
|
378
|
|
BXG Receivables Note Trust
2020-A, B 144A
2.490%, 2/28/36(3)
|
98
|
95
|
|
COOPR Residential
Mortgage Trust
2025-CES3, A1A 144A
4.840%, 9/25/60(3)(7)
|
380
|
380
|
|
DataBank Issuer 2026-1A,
A2 144A
5.811%, 2/25/56(3)
|
300
|
305
|
|
Dext ABS LLC 2023-2, B
144A
6.410%, 5/15/34(3)
|
405
|
410
|
|
Hardee’s Funding LLC
2024-1A, A2 144A
7.253%, 3/20/54(3)
|
452
|
468
|
|
Jersey Mike’s Funding LLC
2026-1A, A2I 144A
4.952%, 2/15/56(3)
|
450
|
456
|
|
Lendmark Funding Trust
2025-3A, A 144A
4.510%, 5/21/35(3)
|
225
|
227
|
|
Libra Solutions LLC
|
|
|
|
2024-1A, A 144A
5.880%, 9/30/38(3)
|
350
|
350
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Other—continued
|
|
|
|
2025-1A, A 144A
6.355%, 8/15/39(3)
|
$450
|
$454
|
|
MetroNet Infrastructure
Issuer LLC 2025-2A, A2
144A
5.400%, 8/20/55(3)
|
375
|
383
|
|
MMP Capital LLC 2025-A, B
144A
5.720%, 12/15/31(3)
|
365
|
372
|
|
Momnt Technologies Trust
2023-1A, A 144A
6.920%, 3/20/45(3)
|
42
|
42
|
|
NMEF Funding LLC 2026-A,
C 144A
4.710%, 2/15/34(3)
|
370
|
373
|
|
Oportun Issuance Trust
2024-2, B 144A
5.830%, 2/9/32(3)
|
299
|
300
|
|
PEAC Solutions
Receivables LLC
2024-1A, B 144A
5.790%, 11/20/30(3)
|
365
|
376
|
|
RCKT Mortgage Trust
|
|
|
|
2024-CES1, A1A 144A
6.025%, 2/25/44(3)(7)
|
146
|
147
|
|
2024-CES3, A1A 144A
6.591%, 5/25/44(3)(7)
|
205
|
208
|
|
2025-CES5, A1A 144A
5.687%, 5/25/55(3)(7)
|
203
|
206
|
|
Scalelogix ABS U.S. Issuer
LLC 2025-1A, A2 144A
5.673%, 7/25/55(3)
|
420
|
425
|
|
Subway Funding LLC
2024-1A, A2II 144A
6.268%, 7/30/54(3)
|
351
|
359
|
|
Switch ABS Issuer LLC
2025-1A, A2 144A
5.036%, 3/25/55(3)
|
410
|
407
|
|
Taco Bell Funding LLC
2025-1A, A2I 144A
4.821%, 8/25/55(3)
|
380
|
384
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Other—continued
|
|
|
|
Towd Point Mortgage Trust
2025-CES4, A1A 144A
5.091%, 10/25/65(3)(7)
|
$344
|
$347
|
|
Trafigura Securitisation
Finance plc 2024-1A, A2
144A
5.980%, 11/15/27(3)
|
365
|
369
|
|
TSC SPV Funding LLC
2024-1A, A2 144A
6.291%, 8/20/54(3)
|
365
|
376
|
|
Upgrade Master
Pass-Through Trust
|
|
|
|
2025-ST3, A 144A
5.981%, 6/15/32(3)
|
185
|
188
|
|
2025-ST5, A 144A
4.794%, 9/15/32(3)
|
312
|
313
|
|
UPX HIL Issuer Trust
2025-1, A 144A
5.160%, 1/25/47(3)
|
302
|
305
|
|
USQ Rail III LLC 2024-1A, A
144A
4.990%, 9/28/54(3)
|
343
|
342
|
|
VCAT LLC 2026-NPL2, A1
5.062%, 2/25/56(7)
|
300
|
300
|
|
VFI ABS LLC 2025-1A, C
144A
5.600%, 4/24/31(3)
|
300
|
304
|
|
Westgate Resorts LLC
2024-1A, A 144A
6.060%, 1/20/38(3)
|
176
|
179
|
|
Zaxby’s Funding LLC
2021-1A, A2 144A
3.238%, 7/30/51(3)
|
546
|
524
|
|
|
|
12,257
|
|
|
|
|
|
|
||
|
Student Loan—0.1%
|
|
|
|
MPOWER Education Trust
2025-A, A 144A
6.620%, 7/21/42(3)
|
222
|
230
|
|
Total Asset-Backed Securities
(Identified Cost $18,813)
|
19,076
|
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Corporate Bonds and Notes—12.7%
|
||
|
Communication Services—0.8%
|
|
|
|
Altice France S.A. 144A
6.500%, 10/15/31(3) |
$229
|
$220
|
|
CCO Holdings LLC 144A
4.750%, 3/1/30(3) |
240
|
232
|
|
CMG Media Corp. 144A
8.875%, 6/18/29(3) |
350
|
305
|
|
CSC Holdings LLC
|
|
|
|
144A 11.750%, 1/31/29(3)
|
250
|
178
|
|
144A 4.125%, 12/1/30(3) |
180
|
110
|
|
DIRECTV Financing LLC
|
|
|
|
144A 5.875%, 8/15/27(2)(3)
|
72
|
72
|
|
144A 8.875%, 2/1/30(2)(3)
|
110
|
110
|
|
144A 8.875%, 2/1/30(2)(3)
|
25
|
25
|
|
DISH Network Corp. 144A
11.750%, 11/15/27(3) |
150
|
155
|
|
Gray Media, Inc. 144A
9.625%, 7/15/32(3) |
185
|
192
|
|
IHS Holding Ltd. 144A
8.250%, 11/29/31(3) |
33
|
35
|
|
Meta Platforms, Inc.
5.750%, 11/15/65(2)
|
240
|
234
|
|
Millennium Escrow Corp.
144A
6.625%, 8/1/26(3) |
320
|
305
|
|
Rackspace Technology
Global, Inc. 144A
5.375%, 12/1/28(3) |
490
|
157
|
|
Sinclair Television Group,
Inc. 144A
8.125%, 2/15/33(2)(3) |
160
|
167
|
|
Snap, Inc.
|
|
|
|
144A 6.875%, 3/1/33(2)(3)
|
115
|
115
|
|
144A 6.875%, 3/15/34(2)(3)
|
90
|
90
|
|
Telesat Canada 144A
6.500%, 10/15/27(3) |
270
|
122
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Communication
Services—continued
|
|
|
|
Turkcell Iletisim Hizmetleri
AS 144A
7.650%, 1/24/32(3) |
$80
|
$85
|
|
Univision Communications,
Inc. 144A
8.000%, 8/15/28(2)(3) |
265
|
272
|
|
|
|
3,181
|
|
|
|
|
|
|
||
|
Consumer Discretionary—0.6%
|
|
|
|
Aptiv Swiss Holdings Ltd.
6.875%, 12/15/54(2)
|
25
|
26
|
|
Ashtead Capital, Inc. 144A
5.500%, 8/11/32(2)(3) |
250
|
262
|
|
Ashton Woods USA LLC
144A
4.625%, 4/1/30(2)(3) |
125
|
119
|
|
Dick’s Sporting Goods, Inc.
4.100%, 1/15/52(2)
|
415
|
303
|
|
Ford Motor Credit Co. LLC
7.350%, 3/6/30(2)
|
137
|
149
|
|
Forvia SE 144A
6.750%, 9/15/33(2)(3) |
175
|
180
|
|
Great Canadian Gaming
Corp. 144A
8.750%, 11/15/29(2)(3) |
65
|
66
|
|
Meritage Homes Corp.
144A
3.875%, 4/15/29(2)(3) |
283
|
280
|
|
New Home Co., Inc. (The)
|
|
|
|
144A 9.250%, 10/1/29(2)(3)
|
165
|
174
|
|
144A 8.500%, 11/1/30(2)(3)
|
20
|
21
|
|
Newell Brands, Inc.
6.625%, 9/15/29(2)
|
205
|
208
|
|
Ontario Gaming GTA LP
144A
8.000%, 8/1/30(2)(3) |
165
|
160
|
|
Taylor Morrison
Communities, Inc. 144A
5.750%, 11/15/32(2)(3) |
10
|
10
|
|
Under Armour, Inc. 144A
7.250%, 7/15/30(2)(3) |
125
|
129
|
|
Wayfair LLC 144A
6.750%, 11/15/32(2)(3) |
65
|
66
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Consumer
Discretionary—continued
|
|
|
|
Weekley Homes LLC 144A
4.875%, 9/15/28(2)(3) |
$215
|
$212
|
|
|
|
2,365
|
|
|
|
|
|
|
||
|
Consumer Staples—0.2%
|
|
|
|
Albertsons Cos., Inc.
|
|
|
|
144A 4.875%, 2/15/30(2)(3)
|
280
|
278
|
|
144A 5.750%, 3/31/34(2)(3)
|
25
|
25
|
|
Pilgrim’s Pride Corp.
6.250%, 7/1/33(2)
|
230
|
248
|
|
Post Holdings, Inc. 144A
6.250%, 2/15/32(2)(3) |
160
|
164
|
|
Primo Water Holdings, Inc.
144A
6.250%, 4/1/29(2)(3) |
145
|
145
|
|
|
|
860
|
|
|
|
|
|
|
||
|
Energy—2.2%
|
|
|
|
Alliance Resource
Operating Partners LP
144A
8.625%, 6/15/29(2)(3) |
190
|
200
|
|
BP Capital Markets plc
4.875% (2)(8)
|
167
|
166
|
|
Bristow Group, Inc. 144A
6.750%, 2/1/33(2)(3) |
30
|
30
|
|
Buckeye Partners LP 144A
6.750%, 2/1/30(2)(3) |
95
|
99
|
|
Caturus Energy LLC 144A
8.500%, 2/15/30(2)(3) |
210
|
219
|
|
Columbia Pipelines
Operating Co. LLC 144A
6.036%, 11/15/33(2)(3) |
180
|
195
|
|
Ecopetrol S.A.
4.625%, 11/2/31
|
110
|
99
|
|
Enbridge, Inc.
8.500%, 1/15/84(2)
|
260
|
300
|
|
Energean Israel Finance Ltd.
144A, RegS
5.875%, 3/30/31(3)(5) |
44
|
42
|
|
Energy Transfer LP Series H
6.500% (2)(8)
|
350
|
352
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Energy—continued
|
|
|
|
Flex Intermediate
Holdco LLC 144A
3.363%, 6/30/31(2)(3) |
$467
|
$435
|
|
Genesis Energy LP
|
|
|
|
8.875%, 4/15/30(2)
|
245
|
257
|
|
6.750%, 3/15/34
|
35
|
35
|
|
Geopark Ltd. 144A
8.750%, 1/31/30(3) |
67
|
64
|
|
Harbour Energy plc 144A
6.327%, 4/1/35(2)(3) |
265
|
276
|
|
Helix Energy Solutions
Group, Inc. 144A
9.750%, 3/1/29(3) |
275
|
289
|
|
HF Sinclair Corp.
6.250%, 1/15/35(2)
|
205
|
216
|
|
Hilcorp Energy I LP 144A
6.000%, 4/15/30(2)(3) |
305
|
300
|
|
KazMunayGas National Co.
JSC 144A
6.375%, 10/24/48(3) |
94
|
96
|
|
Kinder Morgan Energy
Partners LP
7.500%, 11/15/40(2)
|
239
|
290
|
|
Kodiak Gas Services LLC
144A
6.750%, 10/1/35(2)(3) |
95
|
99
|
|
Leviathan Bond Ltd. 144A,
RegS
6.750%, 6/30/30(3)(5) |
54
|
56
|
|
Magnolia Oil & Gas
Operating LLC 144A
6.875%, 12/1/32(2)(3) |
200
|
209
|
|
Mesquite Energy, Inc. 144A
7.250%, 7/15/26(3)(9) |
105
|
—
(10)
|
|
Occidental Petroleum Corp.
6.200%, 3/15/40(2)
|
255
|
266
|
|
Pertamina Persero PT 144A
2.300%, 2/9/31(3) |
379
|
340
|
|
Petroleos de Venezuela S.A.
RegS
9.000%, 11/17/21(4)(5) |
1,257
|
469
|
|
Petroleos del Peru S.A.
RegS
4.750%, 6/19/32(5) |
70
|
51
|
|
Petroleos Mexicanos
|
|
|
|
6.840%, 1/23/30
|
221
|
227
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Energy—continued
|
|
|
|
5.950%, 1/28/31
|
$47
|
$46
|
|
6.700%, 2/16/32
|
120
|
120
|
|
6.950%, 1/28/60
|
228
|
188
|
|
6.350%, 2/12/48
|
92
|
74
|
|
Petronas Capital Ltd.
|
|
|
|
144A 3.500%, 4/21/30(3) |
110
|
108
|
|
144A 5.848%, 4/3/55(3) |
210
|
223
|
|
Prairie Acquiror LP 144A
9.000%, 8/1/29(2)(3) |
110
|
115
|
|
Sempra Infrastructure
Partners LP 144A
3.250%, 1/15/32(2)(3) |
475
|
428
|
|
South Bow Canadian
Infrastructure Holdings
Ltd.
7.500%, 3/1/55(2)
|
285
|
303
|
|
Sunoco LP
|
|
|
|
144A 5.625%, 3/15/31(2)(3)
|
90
|
91
|
|
144A 5.375%, 7/15/31(3) |
10
|
10
|
|
144A 5.875%, 3/15/34(2)(3)
|
60
|
60
|
|
144A 5.625%, 7/15/34(3) |
20
|
20
|
|
Teine Energy Ltd. 144A
6.875%, 4/15/29(2)(3) |
330
|
331
|
|
Tidewater, Inc. 144A
9.125%, 7/15/30(2)(3) |
135
|
146
|
|
Transocean International
Ltd.
|
|
|
|
144A 8.250%, 5/15/29(3) |
50
|
52
|
|
144A 8.750%, 2/15/30(2)(3)
|
70
|
73
|
|
144A 8.500%, 5/15/31(3) |
160
|
169
|
|
Venture Global LNG, Inc.
|
|
|
|
144A 9.000%(2)(3)(8) |
100
|
88
|
|
144A 9.875%, 2/1/32(2)(3)
|
205
|
217
|
|
Western Midstream
Operating LP
5.250%, 2/1/50(2)
|
305
|
265
|
|
YPF S.A. 144A
9.500%, 1/17/31(3) |
62
|
66
|
|
|
|
8,870
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—4.8%
|
|
|
|
Acrisure LLC
|
|
|
|
144A 8.250%, 2/1/29(3) |
$130
|
$130
|
|
144A 6.000%, 8/1/29(3) |
210
|
196
|
|
AerCap Ireland Capital DAC
|
|
|
|
6.950%, 3/10/55(2)
|
150
|
159
|
|
6.500%, 1/31/56(2)
|
145
|
150
|
|
Albion Financing 1 S.a.r.l.
144A
7.000%, 5/21/30(2)(3) |
165
|
173
|
|
Allianz SE 144A
6.350%, 9/6/53(2)(3) |
250
|
268
|
|
Ally Financial, Inc.
8.000%, 11/1/31(2)
|
260
|
295
|
|
Altice Financing S.A. 144A
5.000%, 1/15/28(3) |
515
|
363
|
|
Altice France Lux 3 144A
10.000%, 1/15/33(3) |
40
|
38
|
|
American Express Co.
5.625%, 7/28/34(2)
|
258
|
270
|
|
American National Group,
Inc.
7.000%, 12/1/55(2)
|
57
|
56
|
|
Apollo Debt Solutions BDC
|
|
|
|
6.900%, 4/13/29(2)
|
75
|
78
|
|
5.875%, 8/30/30(2)
|
85
|
86
|
|
Apollo Global Management,
Inc.
6.000%, 12/15/54(2)
|
265
|
255
|
|
Ardonagh Group Finance
Ltd. 144A
8.875%, 2/15/32(3) |
5
|
5
|
|
Ascent Resources Utica
Holdings LLC 144A
6.625%, 7/15/33(2)(3) |
150
|
156
|
|
Ascot Group Ltd. 144A
4.250%, 12/15/30(2)(3) |
344
|
325
|
|
Atlas Warehouse Lending
Co. LP 144A
5.250%, 1/15/33(2)(3) |
300
|
298
|
|
Azorra Finance Ltd.
|
|
|
|
144A 7.250%, 1/15/31(2)(3)
|
145
|
151
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
144A 6.250%, 2/15/34(2)(3)
|
$55
|
$54
|
|
Azule Energy Finance plc
144A
8.125%, 1/23/30(3) |
70
|
71
|
|
Banco de Credito del Peru
S.A. 144A
6.450%, 7/30/35(3) |
51
|
53
|
|
Banco de Credito e
Inversiones S.A. 144A
7.500% (3)(8) |
85
|
91
|
|
Banco Mercantil del Norte
S.A. 144A
8.375% (3)(8) |
67
|
71
|
|
Bank of America Corp.
5.518%, 10/25/35(2)
|
310
|
318
|
|
Barclays plc
7.437%, 11/2/33(2)
|
234
|
269
|
|
BBVA Mexico S.A.
Institucion De Banca
Multiple Grupo
Financiero BBVA Mexico
144A
8.125%, 1/8/39(3) |
67
|
74
|
|
Blackstone Private Credit
Fund
6.000%, 1/29/32(2)
|
220
|
219
|
|
Block, Inc.
|
|
|
|
6.500%, 5/15/32(2)
|
165
|
170
|
|
144A 6.000%, 8/15/33(2)(3)
|
50
|
51
|
|
Blue Owl Finance LLC
3.125%, 6/10/31(2)
|
250
|
222
|
|
BPCE S.A. 144A
7.003%, 10/19/34(2)(3) |
250
|
281
|
|
Broadstreet Partners
Group LLC 144A
5.875%, 4/15/29(3) |
285
|
276
|
|
Capital One Financial Corp.
|
|
|
|
2.359%, 7/29/32(2)
|
190
|
167
|
|
6.377%, 6/8/34(2)
|
145
|
157
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
Capital Power
U.S. Holdings, Inc. 144A
6.189%, 6/1/35(2)(3) |
$155
|
$164
|
|
Charles Schwab Corp. (The)
Series H
4.000% (8)
|
249
|
235
|
|
Chobani Holdco II LLC
(8.750% Cash or 9.500%
PIK) 144A
8.750%, 10/1/29(3)(11) |
—
(10)
|
—
(10)
|
|
Cipher Compute LLC 144A
7.125%, 11/15/30(2)(3) |
15
|
16
|
|
Citadel Finance LLC 144A
5.150%, 2/14/31(2)(3) |
20
|
20
|
|
Citigroup, Inc.
|
|
|
|
6.270%, 11/17/33(2)
|
84
|
92
|
|
6.174%, 5/25/34(2)
|
212
|
226
|
|
Constellation Oil Services
Holding S.A. 144A
9.375%, 11/7/29(3) |
65
|
68
|
|
Corebridge Financial, Inc.
6.375%, 9/15/54(2)
|
321
|
321
|
|
Coronado Finance Pty Ltd.
144A
9.250%, 10/1/29(3) |
185
|
171
|
|
DBR Land Holdings LLC
144A
6.250%, 12/1/30(2)(3) |
85
|
88
|
|
Deutsche Bank AG
5.403%, 9/11/35(2)
|
260
|
267
|
|
Drawbridge Special
Opportunities Fund LP
144A
5.950%, 9/17/30(2)(3) |
225
|
218
|
|
Endo Finance Holdings LP
144A
8.500%, 4/15/31(3) |
185
|
197
|
|
F&G Annuities & Life, Inc.
6.500%, 6/4/29(2)
|
220
|
226
|
|
Fifth Third Bancorp
4.337%, 4/25/33(2)
|
293
|
289
|
|
Flutter Treasury DAC 144A
5.875%, 6/4/31(2)(3) |
270
|
269
|
|
Foundry JV Holdco LLC
144A
5.875%, 1/25/34(2)(3) |
135
|
141
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
Froneri Lux FinCo S.a.r.l.
144A
6.000%, 8/1/32(2)(3) |
$65
|
$65
|
|
FS Luxembourg S.a.r.l.
144A
8.625%, 6/25/33(3) |
72
|
71
|
|
Global Atlantic Fin Co.
|
|
|
|
144A 7.950%, 6/15/33(2)(3)
|
169
|
185
|
|
144A 7.950%, 10/15/54(2)(3)
|
85
|
81
|
|
Global Payments, Inc.
5.550%, 11/15/35(2)
|
225
|
224
|
|
Goldman Sachs Group, Inc.
(The)
|
|
|
|
5.330%, 7/23/35(2)
|
80
|
83
|
|
6.450%, 5/1/36(2)
|
220
|
242
|
|
5.065%, 1/21/37(2)
|
9
|
9
|
|
Grifols S.A. 144A
4.750%, 10/15/28(3) |
245
|
242
|
|
Gulfport Energy Operating
Corp. 144A
6.750%, 9/1/29(2)(3) |
100
|
104
|
|
HA Sustainable
Infrastructure Capital,
Inc.
6.375%, 7/1/34(2)
|
281
|
291
|
|
Huntington Bancshares,
Inc.
5.709%, 2/2/35(2)
|
275
|
290
|
|
Icon Investments Six DAC
6.000%, 5/8/34(2)
|
265
|
272
|
|
Imperial Brands Finance plc
144A
5.625%, 7/1/35(2)(3) |
235
|
243
|
|
ION Platform Finance U.S.,
Inc. 144A
9.500%, 5/30/29(2)(3) |
155
|
146
|
|
JH North America Holdings,
Inc. 144A
6.125%, 7/31/32(2)(3) |
285
|
292
|
|
JPMorgan Chase & Co.
|
|
|
|
5.576%, 7/23/36(2)
|
235
|
244
|
|
1.953%, 2/4/32(2)
|
300
|
269
|
|
KeyCorp
6.401%, 3/6/35(2)
|
241
|
263
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
Liberty Mutual Group, Inc.
144A
4.125%, 12/15/51(2)(3) |
$185
|
$184
|
|
Maxam Prill S.a.r.l. 144A
7.750%, 7/15/30(2)(3) |
200
|
209
|
|
Melco Resorts Finance Ltd.
(Macau) 144A
5.375%, 12/4/29(3) |
110
|
109
|
|
Midcap Financial Issuer
Trust 144A
6.500%, 5/1/28(2)(3) |
265
|
263
|
|
Morgan Stanley
|
|
|
|
6.342%, 10/18/33(2)
|
202
|
222
|
|
5.948%, 1/19/38(2)
|
133
|
140
|
|
MSCI, Inc. 144A
3.625%, 9/1/30(3) |
286
|
274
|
|
Nationstar Mortgage
Holdings, Inc. 144A
5.750%, 11/15/31(2)(3) |
225
|
227
|
|
NatWest Group plc
6.475%, 6/1/34(2)
|
260
|
275
|
|
NextEra Energy Capital
Holdings, Inc.
6.500%, 8/15/55(2)
|
215
|
228
|
|
Nippon Life Insurance Co.
144A
6.250%, 9/13/53(2)(3) |
260
|
276
|
|
OneMain Finance Corp.
|
|
|
|
6.125%, 5/15/30(2)
|
35
|
35
|
|
7.125%, 11/15/31(2)
|
210
|
215
|
|
6.750%, 9/15/33(2)
|
35
|
35
|
|
Opal Bidco SAS 144A
6.500%, 3/31/32(2)(3) |
20
|
21
|
|
Park River Holdings, Inc.
144A
8.000%, 3/15/31(2)(3) |
30
|
30
|
|
Phoenix Aviation Capital
Ltd. 144A
9.250%, 7/15/30(2)(3) |
125
|
131
|
|
PNC Financial Services
Group, Inc. (The)
|
|
|
|
5.575%, 1/29/36(2)
|
195
|
205
|
|
5.423%, 1/25/41(2)
|
90
|
91
|
|
Prudential Financial, Inc.
|
|
|
|
5.125%, 3/1/52
|
148
|
145
|
|
6.750%, 3/1/53
|
140
|
150
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
Reinsurance Group of
America, Inc.
6.650%, 9/15/55(2)
|
$260
|
$269
|
|
Rivers Enterprise
Borrower LLC 144A
6.250%, 10/15/30(2)(3) |
35
|
36
|
|
Rocket Cos., Inc. 144A
6.375%, 8/1/33(2)(3) |
150
|
155
|
|
Saks Global
Enterprises LLC 144A
11.000%, 12/15/29(3)(4)(9) |
63
|
—
(10)
|
|
Societe Generale S.A. 144A
6.066%, 1/19/35(3) |
250
|
267
|
|
South Bow USA
Infrastructure
Holdings LLC
5.584%, 10/1/34(2)
|
160
|
163
|
|
Standard Building
Solutions, Inc. 144A
5.875%, 3/15/34(2)(3) |
125
|
125
|
|
State Street Corp.
|
|
|
|
6.123%, 11/21/34(2)
|
90
|
98
|
|
Series I 6.700%(2)(8)
|
200
|
209
|
|
Stellantis Finance U.S., Inc.
144A
6.450%, 3/18/35(2)(3) |
255
|
264
|
|
Sumitomo Life Insurance
Co. 144A
5.875%, 9/10/55(2)(3) |
300
|
304
|
|
SV RNO Property Owner 1
LLC 144A
5.875%, 3/1/31(2)(3) |
20
|
20
|
|
Synergy Infrastructure
Holdings LLC 144A
7.875%, 12/1/30(2)(3) |
30
|
31
|
|
Texas Capital Bancshares,
Inc.
4.000%, 5/6/31(2)
|
495
|
492
|
|
Toronto-Dominion Bank
(The)
8.125%, 10/31/82(2)
|
239
|
250
|
|
Transocean International
Ltd. 144A
7.875%, 10/15/32(2)(3) |
10
|
11
|
|
UBS Group AG
|
|
|
|
144A 7.000%(2)(3)(8) |
225
|
226
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Financials—continued
|
|
|
|
144A 4.988%, 8/5/33(2)(3)
|
$114
|
$116
|
|
Wells Fargo & Co.
5.389%, 4/24/34(2)
|
310
|
323
|
|
|
|
19,444
|
|
|
|
|
|
|
||
|
Health Care—0.9%
|
|
|
|
180 Medical, Inc. 144A
5.300%, 10/8/35(2)(3) |
300
|
301
|
|
Acadia Healthcare Co., Inc.
144A
5.500%, 7/1/28(2)(3) |
10
|
10
|
|
Amneal
Pharmaceuticals LLC
144A
6.875%, 8/1/32(2)(3) |
10
|
11
|
|
Baxter International, Inc.
5.650%, 12/15/35(2)
|
300
|
305
|
|
BioMarin Pharmaceutical,
Inc. 144A
5.500%, 2/15/34(2)(3) |
10
|
10
|
|
Community Health
Systems, Inc.
|
|
|
|
144A 5.250%, 5/15/30(3) |
120
|
115
|
|
144A 4.750%, 2/15/31(3) |
285
|
261
|
|
CVS Health Corp.
6.750%, 12/10/54(2)
|
222
|
231
|
|
Dentsply Sirona, Inc.
3.250%, 6/1/30(2)
|
308
|
289
|
|
GENMAB A/S
|
|
|
|
144A 6.250%, 12/15/32(3)
|
10
|
10
|
|
144A 7.250%, 12/15/33(3)
|
15
|
16
|
|
HCA, Inc.
5.500%, 6/1/33(2)
|
239
|
250
|
|
LifePoint Health, Inc.
|
|
|
|
144A 9.875%, 8/15/30(2)(3)
|
145
|
155
|
|
144A 10.000%, 6/1/32(3) |
110
|
115
|
|
Medline Borrower LP 144A
5.250%, 10/1/29(2)(3) |
300
|
300
|
|
Molina Healthcare, Inc.
144A
6.250%, 1/15/33(2)(3) |
80
|
79
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Health Care—continued
|
|
|
|
Organon & Co.
|
|
|
|
144A 4.125%, 4/30/28(2)(3)
|
$180
|
$177
|
|
144A 5.125%, 4/30/31(2)(3)
|
35
|
31
|
|
144A 7.875%, 5/15/34(2)(3)
|
30
|
28
|
|
Prime Healthcare Services,
Inc. 144A
9.375%, 9/1/29(2)(3) |
170
|
178
|
|
Smith & Nephew plc
5.400%, 3/20/34(2)
|
260
|
271
|
|
Tenet Healthcare Corp.
144A
6.000%, 11/15/33(2)(3) |
35
|
36
|
|
Universal Health Services,
Inc.
2.650%, 1/15/32(2)
|
322
|
288
|
|
|
|
3,467
|
|
|
|
|
|
|
||
|
Industrials—1.4%
|
|
|
|
Adani Ports & Special
Economic Zone Ltd.
144A
4.375%, 7/3/29(3) |
120
|
118
|
|
Alaska Airlines
Pass-Through Trust
2020-1, A 144A
4.800%, 2/15/29(2)(3) |
367
|
370
|
|
Aviation Capital Group LLC
144A
4.875%, 1/28/33(2)(3) |
195
|
194
|
|
Boeing Co. (The)
5.930%, 5/1/60(2)
|
262
|
263
|
|
Builders FirstSource, Inc.
144A
6.375%, 3/1/34(3) |
240
|
247
|
|
Carpenter Technology Corp.
144A
5.625%, 3/1/34(2)(3) |
5
|
5
|
|
Cimpress plc 144A
7.375%, 9/15/32(2)(3) |
285
|
287
|
|
Clarios Global LP
|
|
|
|
144A 6.750%, 2/15/30(2)(3)
|
10
|
10
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Industrials—continued
|
|
|
|
144A 6.750%, 9/15/32(3) |
$50
|
$52
|
|
Cornerstone Building
Brands, Inc. 144A
9.500%, 8/15/29(3) |
215
|
156
|
|
CoStar Group, Inc. 144A
2.800%, 7/15/30(2)(3) |
278
|
256
|
|
DP World Ltd. 144A
6.850%, 7/2/37(3) |
15
|
17
|
|
FTAI Aviation Investors LLC
144A
7.000%, 6/15/32(2)(3) |
255
|
268
|
|
Garda World Security Corp.
144A
8.375%, 11/15/32(3) |
190
|
195
|
|
Global Infrastructure
Solutions, Inc. 144A
7.500%, 4/15/32(2)(3) |
215
|
227
|
|
Global Medical Response,
Inc. 144A
7.375%, 10/1/32(2)(3) |
115
|
120
|
|
Herc Holdings, Inc.
|
|
|
|
144A 7.250%, 6/15/33(2)(3)
|
60
|
63
|
|
144A 6.000%, 3/15/34(2)(3)
|
15
|
15
|
|
Icahn Enterprises LP
|
|
|
|
5.250%, 5/15/27(2)
|
40
|
39
|
|
144A 10.000%, 11/15/29(2)(3)
|
220
|
217
|
|
LBM Acquisition LLC 144A
6.250%, 1/15/29(3) |
300
|
229
|
|
Neptune Bidco U.S., Inc.
|
|
|
|
144A 9.290%, 4/15/29(2)(3)
|
270
|
271
|
|
144A 10.375%, 5/15/31(2)(3)
|
20
|
20
|
|
Regal Rexnord Corp.
6.400%, 4/15/33(2)
|
259
|
282
|
|
Stanley Black & Decker, Inc.
6.707%, 3/15/60(2)
|
210
|
211
|
|
TransDigm, Inc.
|
|
|
|
144A 6.625%, 3/1/32(2)(3)
|
290
|
300
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Industrials—continued
|
|
|
|
144A 6.125%, 7/31/34(2)(3)
|
$15
|
$15
|
|
United Airlines Holdings,
Inc.
|
|
|
|
4.875%, 3/1/29(2)
|
40
|
40
|
|
5.375%, 3/1/31(2)
|
10
|
10
|
|
United Airlines
Pass-Through Trust
2023-1, A
5.800%, 7/15/37(2)
|
270
|
286
|
|
VistaJet Malta Finance plc
144A
9.500%, 6/1/28(2)(3) |
420
|
433
|
|
VoltaGrid LLC 144A
7.375%, 11/1/30(2)(3) |
140
|
146
|
|
WESCO Distribution, Inc.
144A
5.500%, 4/15/34(3) |
80
|
81
|
|
White Cap Supply
Holdings LLC 144A
7.375%, 11/15/30(3) |
55
|
56
|
|
|
|
5,499
|
|
|
|
|
|
|
||
|
Information Technology—0.2%
|
|
|
|
Booz Allen Hamilton, Inc.
5.950%, 8/4/33(2)
|
135
|
138
|
|
Cloud Software Group, Inc.
144A
9.000%, 9/30/29(3) |
265
|
260
|
|
Gartner, Inc. 144A
3.750%, 10/1/30(2)(3) |
235
|
217
|
|
Helios Software Holdings,
Inc. 144A
8.750%, 5/1/29(3) |
100
|
93
|
|
WULF Compute LLC 144A
7.750%, 10/15/30(2)(3) |
125
|
132
|
|
|
|
840
|
|
|
|
|
|
|
||
|
Materials—0.7%
|
|
|
|
ASP Unifrax Holdings, Inc.
144A
5.250%, 9/30/28(3) |
565
|
34
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Materials—continued
|
|
|
|
Bayport Polymers LLC
144A
5.140%, 4/14/32(2)(3) |
$415
|
$412
|
|
Capstone Copper Corp.
144A
6.750%, 3/31/33(2)(3) |
185
|
191
|
|
Cleveland-Cliffs, Inc. 144A
7.625%, 1/15/34(2)(3) |
105
|
108
|
|
Corp. Nacional del Cobre de
Chile 144A
5.950%, 1/8/34(3) |
233
|
247
|
|
Illuminate Buyer LLC 144A
9.000%, 7/1/28(3) |
79
|
79
|
|
INEOS Quattro Finance 2
plc 144A
9.625%, 3/15/29(2)(3) |
85
|
73
|
|
LSB Industries, Inc. 144A
6.250%, 10/15/28(2)(3) |
240
|
241
|
|
Mauser Packaging
Solutions Holding Co.
144A
9.250%, 4/15/30(3) |
250
|
246
|
|
New Enterprise Stone &
Lime Co., Inc. 144A
9.750%, 7/15/28(3) |
230
|
232
|
|
Samarco Mineracao S.A.
(9.500% PIK) 144A
9.500%, 6/30/31(3)(11) |
75
|
75
|
|
Solstice Advanced
Materials, Inc. 144A
5.625%, 9/30/33(2)(3) |
10
|
10
|
|
Sonoco Products Co.
5.000%, 9/1/34(2)
|
275
|
278
|
|
Taseko Mines Ltd. 144A
8.250%, 5/1/30(2)(3) |
100
|
106
|
|
Trivium Packaging Finance
B.V. 144A
12.250%, 1/15/31(3) |
90
|
99
|
|
Westlake Corp.
5.550%, 11/15/35(2)
|
225
|
228
|
|
WR Grace Holdings LLC
144A
5.625%, 8/15/29(3) |
319
|
306
|
|
|
|
2,965
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Real Estate—0.1%
|
|
|
|
Iron Mountain, Inc. 144A
6.250%, 1/15/33(2)(3) |
$180
|
$184
|
|
Millrose Properties, Inc.
144A
6.250%, 9/15/32(2)(3) |
125
|
127
|
|
Port of Spain Waterfront
Development RegS
7.875%, 2/19/40(5) |
49
|
49
|
|
|
|
360
|
|
|
|
|
|
|
||
|
Utilities—0.8%
|
|
|
|
AES Corp. (The)
7.600%, 1/15/55(2)
|
175
|
176
|
|
Alpha Generation LLC 144A
6.250%, 1/15/34(2)(3) |
70
|
71
|
|
CMS Energy Corp.
4.750%, 6/1/50(2)
|
366
|
362
|
|
Comision Ejecutiva
Hidroelectrica del Rio
Lempa 144A
8.650%, 1/24/33(3) |
52
|
55
|
|
Dominion Energy, Inc.
|
|
|
|
6.200%, 2/15/56(2)
|
145
|
148
|
|
Series B
7.000%, 6/1/54(2)
|
130
|
141
|
|
Electricite de France S.A.
144A
6.900%, 5/23/53(2)(3) |
206
|
231
|
|
Enel Finance International
N.V. 144A
7.500%, 10/14/32(3) |
196
|
227
|
|
Entergy Corp.
7.125%, 12/1/54(2)
|
290
|
303
|
|
Eskom Holdings 144A
8.450%, 8/10/28(3) |
101
|
108
|
|
Ferrellgas LP 144A
5.875%, 4/1/29(2)(3) |
275
|
266
|
|
KeySpan Gas East Corp.
144A
5.994%, 3/6/33(2)(3) |
276
|
295
|
|
Limak Yenilenebilir Enerji
AS 144A
9.625%, 8/12/30(3) |
55
|
55
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Utilities—continued
|
|
|
|
NGL Energy Operating LLC
|
|
|
|
144A 8.125%, 2/15/29(2)(3)
|
$55
|
$57
|
|
144A 8.375%, 2/15/32(2)(3)
|
240
|
252
|
|
NRG Energy, Inc. 144A
7.000%, 3/15/33(2)(3) |
223
|
248
|
|
Suburban Propane
Partners LP 144A
6.500%, 12/15/35(2)(3) |
85
|
84
|
|
Vistra Corp. 144A
8.000% (2)(3)(8) |
190
|
193
|
|
|
|
3,272
|
|
|
|
|
|
|
||
|
Total Corporate Bonds and
Notes
(Identified Cost $51,271)
|
51,123
|
|
|
|
|
|
|
|
||
|
Leveraged Loans—3.0%
|
||
|
Aerospace—0.1%
|
|
|
|
Brown Group Holding LLC
Tranche B-2 (1-3 month
Term SOFR + 2.500%)
6.167% - 6.173%,
7/1/31(7)
|
35
|
35
|
|
Karman Holdings LLC
2026, Tranche B (1
month Term SOFR +
2.750%)
6.423%, 4/1/32(7)
|
25
|
25
|
|
Rand Parent LLC 2025,
Tranche B (3 month Term
SOFR + 3.000%)
6.672%, 3/18/30(7)
|
348
|
348
|
|
Vista Management Holding,
Inc.
0.000%, 4/1/31(7)(12)
|
25
|
25
|
|
|
|
433
|
|
|
|
|
|
|
||
|
Chemicals—0.1%
|
|
|
|
Ineos Finance plc 2030 (1
month Term SOFR +
3.250%)
6.923%, 2/19/30(7)
|
159
|
133
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Chemicals—continued
|
|
|
|
Lummus Technology
Holdings V LLC Tranche
B (1 month Term SOFR +
2.500%)
6.173%, 12/31/29(7)
|
$150
|
$150
|
|
Nouryon Finance B.V. 2024,
Tranche B-1 (3-6 month
Term SOFR + 3.250%)
7.036%, 4/3/28(7)
|
158
|
158
|
|
|
|
441
|
|
|
|
|
|
|
||
|
Consumer Durables—0.1%
|
|
|
|
Gloves Buyer, Inc. (1 month
Term SOFR + 4.000%)
7.673%, 5/21/32(7)
|
95
|
94
|
|
White Cap Supply
Holdings LLC
|
|
|
|
Tranche C (1 month Term
SOFR + 3.250%)
6.923%, 10/19/29(7)
|
113
|
112
|
|
Tranche D
0.000%, 2/10/33(7)(12)
|
100
|
99
|
|
|
|
305
|
|
|
|
|
|
|
||
|
Consumer Non-Durables—0.1%
|
|
|
|
AI Aqua Merger Sub, Inc.
2026, Tranche B (1-3
month Term SOFR +
2.750%)
6.411% - 6.421%,
7/30/28(7)
|
114
|
113
|
|
Albion Financing 3 S.a.r.l.
2025, Tranche A (3
month Term SOFR +
3.000%)
6.664%, 5/21/31(7)
|
89
|
89
|
|
|
|
202
|
|
|
|
|
|
|
||
|
Energy—0.1%
|
|
|
|
AL GCX Holdings LLC
Tranche B (1 month Term
SOFR + 2.000%)
5.673%, 1/30/32(7)
|
80
|
79
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Energy—continued
|
|
|
|
Blackfin Pipeline LLC (1
month Term SOFR +
3.000%)
6.688%, 9/29/32(7)
|
$140
|
$140
|
|
Freeport LNG
Investments LLP Tranche
B (3 month Term SOFR +
3.250%)
6.893%, 2/11/33(7)
|
115
|
114
|
|
M6 ETX Holdings II
Midco LLC Tranche B (1
month Term SOFR +
2.500%)
6.173%, 4/1/32(7)
|
90
|
91
|
|
Traverse Midstream
Partners LLC Tranche B
(3 month Term SOFR +
2.500%)
6.167%, 2/16/28(7)
|
125
|
126
|
|
|
|
550
|
|
|
|
|
|
|
||
|
Financials—0.1%
|
|
|
|
Acrisure LLC 2024, Tranche
B-6 (1 month Term SOFR
+ 3.000%)
6.673%, 11/6/30(7)
|
113
|
110
|
|
Broadstreet Partners, Inc.
2024, Tranche B
0.000%, 6/13/31(7)(12)
|
125
|
119
|
|
Focus Financial
Partners LLC Tranche B
(1 month Term SOFR +
2.500%)
6.173%, 9/15/31(7)
|
130
|
122
|
|
Pac Dac LLC (3 month Term
SOFR + 3.250%)
6.917%, 10/28/30(7)
|
220
|
217
|
|
|
|
568
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Food / Tobacco—0.1%
|
|
|
|
Aspire Bakeries
Holdings LLC 2025,
Tranche B (1 month Term
SOFR + 3.000%)
6.673%, 12/23/30(7)
|
$149
|
$148
|
|
Del Monte Foods Corp. II,
Inc. (1 month Term SOFR
+ 9.600%)
13.260%, 4/2/26(7)
|
44
|
44
|
|
Del Monte Foods, Inc.
|
|
|
|
(1 month Term SOFR +
9.600%)
13.260% - 13.267%,
4/2/26(7)(9)
|
66
|
52
|
|
(1-3 month Term SOFR +
4.400%)
8.105% - 8.173%,
8/2/28(13)
|
82
|
2
|
|
(3 month Term SOFR +
4.900%)
8.605%, 8/2/28(9)(13)
|
189
|
2
|
|
(3 month Term SOFR +
8.150%)
11.923%, 8/2/28(13)
|
36
|
17
|
|
Pegasus Bidco B.V. 2025 (2
month Term SOFR +
2.750%)
6.403%, 7/12/29(7)
|
65
|
65
|
|
Red SPV LLC (1 month
Term SOFR + 2.250%)
5.927%, 3/15/32(7)
|
124
|
124
|
|
Snacking Investments
Bidco Pty Ltd. (3 month
Term SOFR + 3.000%)
6.667%, 10/29/32(7)
|
35
|
35
|
|
Treehouse Foods, Inc.
0.000%, 2/11/33(7)(12)
|
80
|
79
|
|
|
|
568
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Forest Prod / Containers—0.0%
|
|
|
|
Clydesdale Acquisition
Holdings, Inc. Tranche B
(1 month Term SOFR +
3.175%)
6.848%, 4/13/29(7)
|
$120
|
$119
|
|
Graham Packaging Co., Inc.
(1 month Term SOFR +
2.250%)
5.923%, 1/26/33(7)
|
15
|
15
|
|
Klockner Pentaplast of
America, Inc.
8.522%, 2/9/26(9)(13)
|
140
|
21
|
|
|
|
155
|
|
|
|
|
|
|
||
|
Gaming / Leisure—0.1%
|
|
|
|
Catawba Nation Gaming
Authority Tranche B (3
month Term SOFR +
4.750%)
8.417%, 3/29/32(7)
|
110
|
112
|
|
Motion Finco LLC Tranche
B-3 (3 month Term SOFR
+ 3.500%)
7.172%, 11/12/29(7)
|
132
|
111
|
|
Turquoise Topco Ltd. (3
month Term SOFR +
3.250%)
6.936%, 12/30/32(7)
|
75
|
74
|
|
|
|
297
|
|
|
|
|
|
|
||
|
Health Care—0.4%
|
|
|
|
Agiliti Health, Inc. 2023,
Tranche B (3 month Term
SOFR + 3.000%)
6.576%, 5/1/30(7)
|
59
|
56
|
|
Amneal
Pharmaceuticals LLC (1
month Term SOFR +
3.000%)
6.673%, 8/2/32(7)
|
45
|
45
|
|
Argent Finco LLC
0.000%, 11/12/32(7)(12)
|
30
|
30
|
|
Bausch & Lomb Corp. 2025
(1 month Term SOFR +
3.750%)
7.423%, 1/15/31(7)
|
117
|
117
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Health Care—continued
|
|
|
|
Cotiviti, Inc. (1 month Term
SOFR + 2.750%)
6.421%, 5/1/31(7)
|
$67
|
$60
|
|
Dechra Pharmaceuticals
Holdings Ltd. Tranche
B-3 (6 month Term SOFR
+ 2.750%)
6.387%, 1/27/32(7)
|
79
|
79
|
|
Ensemble RCM LLC
Tranche B (3 month Term
SOFR + 3.000%)
6.660%, 2/9/33(7)
|
80
|
77
|
|
Financiere Mendel (2 month
Term SOFR + 2.750%)
6.389%, 11/8/30(7)
|
30
|
30
|
|
Gainwell Acquisition Corp.
Tranche B (3 month Term
SOFR + 4.100%)
7.772%, 10/1/27(7)
|
134
|
126
|
|
Genmab A/S Tranche B (3
month Term SOFR +
3.000%)
6.733%, 12/10/32(7)
|
25
|
25
|
|
Global Medical Response,
Inc. (3 month Term SOFR
+ 3.500%)
7.170%, 10/1/32(7)
|
125
|
125
|
|
Grifols Worldwide
Operations USA, Inc.
Tranche B (1 month Term
SOFR + 2.100%)
5.773%, 11/15/27(7)
|
130
|
130
|
|
Hologic, Inc. Tranche B
0.000%, 1/14/33(7)(12)
|
90
|
89
|
|
Lannett Co., Inc. First Lien
2.000%, 6/16/30(9)
|
17
|
14
|
|
LifePoint Health, Inc.
|
|
|
|
Tranche B (3 month Term
SOFR + 3.750%)
7.422%, 5/16/31(7)
|
123
|
123
|
|
Tranche B-2 (3 month
Term SOFR + 3.500%)
7.152%, 5/16/31(7)
|
30
|
30
|
|
Lumexa Imaging, Inc. (3
month Term SOFR +
3.000%)
6.705%, 12/17/32(7)
|
55
|
55
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Health Care—continued
|
|
|
|
Modivcare, Inc. (3 month
Term SOFR + 5.000%)
8.690%, 12/2/30(7)
|
$9
|
$8
|
|
Parexel International, Inc.
Tranche B (1 month Term
SOFR + 2.750%)
6.423%, 12/12/31(7)
|
40
|
39
|
|
Radiology Partners, Inc.
Tranche B (3 month Term
SOFR + 4.500%)
8.172%, 6/30/32(7)
|
75
|
74
|
|
Southern Veterinary
Partners LLC 2025 (1
month Term SOFR +
2.500%)
6.176%, 12/4/31(7)
|
60
|
60
|
|
Star Parent, Inc. Tranche B
(3 month Term SOFR +
4.000%)
7.672%, 9/27/30(7)
|
69
|
67
|
|
Upstream Newco, Inc. 2025
(3 month Term SOFR +
4.512%)
8.179%, 11/20/29(7)
|
224
|
206
|
|
|
|
1,665
|
|
|
|
|
|
|
||
|
Housing—0.1%
|
|
|
|
Chariot Buyer LLC 2025,
Tranche B (1 month Term
SOFR + 2.750%)
6.423%, 9/8/32(7)
|
83
|
82
|
|
Cornerstone Building
Brands, Inc. Tranche B (1
month Term SOFR +
3.250%)
7.010%, 4/12/28(7)
|
167
|
122
|
|
Green Infrastructure
Partners, Inc. (3 month
Term SOFR + 2.750%)
6.422%, 9/24/32(7)
|
70
|
70
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Housing—continued
|
|
|
|
Hunter Douglas Holding
B.V. Tranche B-1 (3
month Term SOFR +
3.000%)
6.672%, 1/17/32(7)
|
$111
|
$111
|
|
|
|
385
|
|
|
|
|
|
|
||
|
Information Technology—0.5%
|
|
|
|
Applied Systems, Inc.
|
|
|
|
2024, Second Lien (3
month Term SOFR +
4.500%)
8.172%, 2/23/32(7)
|
20
|
20
|
|
Tranche B-1 (1 month
Term SOFR + 2.250%)
5.924%, 2/24/31(7)
|
129
|
126
|
|
Central Parent LLC 2024 (3
month Term SOFR +
3.250%)
6.922%, 7/6/29(7)
|
146
|
91
|
|
Cloud Software Group, Inc.
Tranche B-2 (3 month
Term SOFR + 3.250%)
6.922%, 3/21/31(7)
|
144
|
133
|
|
Composecure Holdings LLC
(1 month Term SOFR +
2.250%)
5.910%, 1/14/33(7)
|
50
|
50
|
|
ConnectWise LLC (3 month
Term SOFR + 3.762%)
7.434%, 9/29/28(7)
|
174
|
155
|
|
Delivery Hero SE Tranche B
(2 month Term SOFR +
5.000%)
8.639%, 12/12/29(7)
|
132
|
132
|
|
ECL Entertainment LLC
2025, Tranche B (1
month Term SOFR +
3.000%)
6.673%, 8/30/30(7)
|
182
|
180
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Information Technology—continued
|
|
|
|
Finastra USA, Inc.
0.000%, 9/15/32(7)(12)
|
$75
|
$69
|
|
Genesys Cloud Services
Holdings II LLC 2025 (1
month Term SOFR +
2.500%)
6.173%, 1/30/32(7)
|
109
|
101
|
|
INDICOR LLC Tranche E (1
month Term SOFR +
2.500%)
6.173%, 11/22/29(7)
|
104
|
104
|
|
Ion Platform Finance U.S.,
Inc. (3 month Term SOFR
+ 3.750%)
7.422%, 10/7/32(7)
|
110
|
90
|
|
Javelin Buyer, Inc.
0.000%, 12/5/31(7)(12)
|
80
|
74
|
|
Proofpoint, Inc. 2025,
Tranche B, First Lien (3
month Term SOFR +
3.000%)
6.672%, 8/31/28(7)
|
173
|
166
|
|
RealPage, Inc. First Lien (3
month Term SOFR +
3.262%)
6.934%, 4/24/28(7)
|
75
|
69
|
|
Rocket Software, Inc. (1
month Term SOFR +
3.750%)
7.423%, 11/28/28(7)
|
117
|
108
|
|
UKG, Inc. Tranche B (3
month Term SOFR +
2.500%)
6.167%, 2/10/31(7)
|
114
|
108
|
|
Vantor Holdings, Inc.
0.000%, 3/3/33(7)(12)
|
90
|
89
|
|
|
|
1,865
|
|
|
|
|
|
|
||
|
Manufacturing—0.2%
|
|
|
|
Arcline FM Holdings LLC
2025 (3 month Term
SOFR + 2.750%)
6.422%, 6/23/30(7)
|
163
|
163
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Manufacturing—continued
|
|
|
|
Columbus McKinnon Corp.
Tranche B (3 month Term
SOFR + 3.500%)
7.160%, 2/3/33(7)
|
$55
|
$55
|
|
CPM Holdings, Inc. (1
month Term SOFR +
4.500%)
8.171%, 9/28/28(7)
|
127
|
124
|
|
Dynamo U.S. Bidco, Inc.
Tranche B-1 (1 month
Term SOFR + 3.250%)
6.921%, 9/30/31(7)
|
35
|
35
|
|
Glatfelter Corp. Tranche B (3
month Term SOFR +
4.250%)
7.923%, 11/4/31(7)
|
94
|
94
|
|
Jupiter Buyer, Inc.
0.000%, 11/1/31(7)(12)
|
25
|
25
|
|
Lsf12 Crown
U.S. Commercial
Bidco LLC 2026 (1
month Term SOFR +
3.000%)
6.671%, 12/2/31(7)
|
131
|
131
|
|
Resilience Parent LLC
Tranche B
0.000%, 1/21/33(7)(12)
|
70
|
70
|
|
TK Elevator Midco GmbH
Tranche B (6 month Term
SOFR + 2.750%)
6.377%, 4/30/30(7)
|
114
|
114
|
|
|
|
811
|
|
|
|
|
|
|
||
|
Media / Telecom -
Broadcasting—0.1%
|
|
|
|
CMG Media Corp. (3 month
Term SOFR + 3.600%)
7.272%, 6/18/29(7)
|
130
|
123
|
|
Gray Television, Inc.
Tranche D (1 month Term
SOFR + 3.000%)
6.786%, 12/1/28(7)
|
87
|
87
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Media / Telecom -
Broadcasting—continued
|
|
|
|
Univision Communications,
Inc. 2024, First Lien (1
month Term SOFR +
3.500%)
7.287%, 1/31/29(7)
|
$128
|
$127
|
|
|
|
337
|
|
|
|
|
|
|
||
|
Media / Telecom - Cable/Wireless
Video—0.1%
|
|
|
|
Cogeco Communications
Finance USA LP Tranche
B-1 (1 month Term SOFR
+ 3.250%)
6.923%, 9/18/30(7)
|
97
|
89
|
|
DIRECTV Financing LLC
2024, Tranche B (3
month Term SOFR +
5.512%)
9.178%, 8/2/29(7)
|
171
|
171
|
|
Eagle Broadband
Investments LLC (3
month Term SOFR +
3.262%)
6.934%, 11/12/27(7)
|
298
|
282
|
|
|
|
542
|
|
|
|
|
|
|
||
|
Media / Telecom - Diversified
Media—0.1%
|
|
|
|
Century DE Buyer LLC 2025
(3 month Term SOFR +
3.000%)
6.667%, 10/30/30(7)
|
123
|
119
|
|
McGraw-Hill Education, Inc.
2025, Tranche B (1
month Term SOFR +
2.750%)
6.423%, 8/6/31(7)
|
73
|
73
|
|
Neptune Bidco U.S., Inc.
2026, Tranche B (1
month Term SOFR +
5.100%)
8.760%, 1/28/33(7)
|
150
|
141
|
|
|
|
333
|
|
|
|
|
|
|
||
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Media / Telecom -
Telecommunications—0.1%
|
|
|
|
Altice France S.A.
|
|
|
|
Tranche B-11 (3 month
Term SOFR + 4.125%)
7.797%, 5/1/28(7)
|
$187
|
$186
|
|
Tranche B-12 (3 month
Term SOFR + 5.063%)
8.735%, 10/30/28(7)
|
37
|
37
|
|
|
|
223
|
|
|
|
|
|
|
||
|
Media / Telecom - Wireless
Communications—0.0%
|
|
|
|
Viasat, Inc. (1 month Term
SOFR + 4.614%)
8.287%, 3/2/29(7)
|
156
|
156
|
|
Retail—0.1%
|
|
|
|
CNT Holdings I Corp. 2025
(3 month Term SOFR +
2.500%)
6.167%, 11/8/32(7)
|
121
|
120
|
|
Harbor Freight Tools USA,
Inc. (1 month Term SOFR
+ 2.250%)
5.923%, 6/11/31(7)
|
78
|
77
|
|
Petco Health & Wellness
Co., Inc. 2026 (1 month
Term SOFR + 4.250%)
7.923%, 1/22/31(7)
|
60
|
58
|
|
|
|
255
|
|
|
|
|
|
|
||
|
Service—0.4%
|
|
|
|
AlixPartners LLP 2025 (1
month Term SOFR +
2.000%)
5.673%, 8/12/32(7)
|
85
|
84
|
|
Allied Universal Holdco LLC
(1 month Term SOFR +
3.250%)
6.923%, 8/20/32(7)
|
199
|
199
|
|
Amentum Holdings LLC (1
month Term SOFR +
2.000%)
5.673%, 9/29/31(7)
|
150
|
149
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Service—continued
|
|
|
|
Ascend Learning LLC (1
month Term SOFR +
3.000%)
6.673%, 12/11/28(7)
|
$134
|
$127
|
|
BIFM U.S. Finance LLC
2025, First Lien (1 month
Term SOFR + 3.250%)
6.923%, 5/31/28(7)
|
133
|
134
|
|
DG Investment Intermediate
Holdings 2, Inc. (1 month
Term SOFR + 3.250%)
6.923%, 7/9/32(7)
|
128
|
128
|
|
Fugue Finance B.V. Tranche
B (3 month Term SOFR +
2.250%)
5.921%, 1/9/32(7)
|
35
|
34
|
|
Garda World Security Corp.
(3 month Term SOFR +
2.750%)
6.422%, 2/1/29(7)
|
127
|
126
|
|
Kuehg Corp. (3 month Term
SOFR + 2.750%)
6.422%, 6/12/30(7)
|
122
|
117
|
|
Lernen Bidco Ltd. Tranche
B-3 (6 month Term SOFR
+ 3.500%)
7.195%, 10/27/31(7)
|
109
|
108
|
|
NAB Holdings LLC 2025 (3
month Term SOFR +
2.500%)
6.172%, 11/24/28(7)
|
224
|
207
|
|
Omnia Partners LLC (3
month Term SOFR +
2.750%)
6.455%, 12/31/32(7)
|
74
|
74
|
|
Trugreen Ltd. Partnership
First Lien (3 month Term
SOFR + 4.100%)
7.767%, 11/2/27(7)
|
116
|
114
|
|
|
|
1,601
|
|
|
|
|
|
|
||
|
Transportation - Automotive—0.0%
|
|
|
|
Wand NewCo 3, Inc.
Tranche B-2 (1 month
Term SOFR + 2.500%)
6.173%, 1/30/31(7)
|
151
|
150
|
|
|
Par Value(1)
|
Value
|
|
|
|
|
|
Utilities—0.1%
|
|
|
|
Hamilton Projects
Acquiror LLC (1 month
Term SOFR + 2.500%)
6.173%, 5/30/31(7)
|
$90
|
$90
|
|
Potomac Energy Center LLC
(1 month Term SOFR +
2.750%)
6.417%, 8/5/32(7)
|
128
|
129
|
|
WEC U.S. Holdings Ltd. (1
month Term SOFR +
2.000%)
5.671%, 1/27/31(7)
|
114
|
113
|
|
|
|
332
|
|
|
|
|
|
|
||
|
Total Leveraged Loans
(Identified Cost $12,849)
|
12,174
|
|
|
|
Shares
|
|
|
Preferred Stock—0.1%
|
||
|
Financials—0.1%
|
|
|
|
Capital Farm Credit ACA
Series 1 144A,
5.000%(2)(3)
|
310
(14)
|
309
|
|
Total Preferred Stock
(Identified Cost $310)
|
309
|
|
|
|
|
|
|
|
||
|
Common Stocks—102.3%
|
||
|
Communication Services—1.5%
|
|
|
|
Altice Luxembourg
S.A.(9)(15)
|
167
|
3
|
|
Atento Luxco 1 S.A.(9)(15)
|
4,451
|
82
|
|
Cellnex Telecom S.A.(2)
|
155,996
|
5,924
|
|
|
|
6,009
|
|
|
|
|
|
|
||
|
Consumer Discretionary—0.0%
|
|
|
|
MYT Holding LLC
Class B(9)(15)
|
22,362
|
5
|
|
NMG Parent LLC
Escrow(9)(15)
|
368
|
—
|
|
|
Shares
|
Value
|
|
|
|
|
|
Consumer
Discretionary—continued
|
|
|
|
West Marine(9)(15)
|
475
|
$—
|
|
|
|
5
|
|
|
|
|
|
|
||
|
Energy—14.9%
|
|
|
|
Cheniere Energy, Inc.(2)
|
22,579
|
5,322
|
|
DT Midstream, Inc.(2)
|
22,653
|
3,145
|
|
Enbridge, Inc.(2)
|
124,180
|
6,599
|
|
Keyera Corp.(2)
|
84,359
|
3,220
|
|
Keyera Corp. Subscription
Receipts
|
18,486
|
695
|
|
Kinder Morgan, Inc.(2)
|
122,160
|
4,064
|
|
ONEOK, Inc.(2)
|
45,281
|
3,748
|
|
Targa Resources Corp.(2)
|
37,508
|
8,844
|
|
TC Energy Corp.(2)
|
153,630
|
9,889
|
|
Williams Cos., Inc. (The)(2)
|
192,313
|
14,370
|
|
|
|
59,896
|
|
|
|
|
|
|
||
|
Health Care—0.0%
|
|
|
|
Endo GUC Trust Class A
Escrow(9)(15)
|
7,168
|
—
|
|
Lannett Co., Inc.(9)(15)
|
3,742
|
60
|
|
Modivcare(15)
|
1,781
|
10
|
|
|
|
70
|
|
|
|
|
|
|
||
|
Industrials—31.1%
|
|
|
|
Aena SME S.A.(2)
|
854,999
|
26,944
|
|
Aeroports de Paris S.A.(2)
|
13,014
|
1,821
|
|
Auckland International
Airport Ltd.
|
1,321,450
|
7,261
|
|
Canadian Pacific Kansas
City Ltd.
|
139,693
|
12,232
|
|
CSX Corp.(2)
|
291,794
|
12,457
|
|
Ferrovial SE
|
95,062
|
7,094
|
|
Flughafen Zurich AG
Registered Shares(2)
|
24,384
|
8,373
|
|
GEK TERNA S.A.
|
110,072
|
4,693
|
|
Grupo Aeroportuario del
Centro Norte SAB de C.V.
Class B
|
214,400
|
3,276
|
|
Grupo Aeroportuario del
Pacifico SAB de C.V.
Class B
|
84,190
|
2,200
|
|
Transurban Group
|
1,022,782
|
10,437
|
|
|
Shares
|
Value
|
|
|
|
|
|
Industrials—continued
|
|
|
|
Union Pacific Corp.
|
80,845
|
$21,422
|
|
Vinci S.A.
|
39,862
|
6,629
|
|
|
|
124,839
|
|
|
|
|
|
|
||
|
Real Estate—4.5%
|
|
|
|
American Tower Corp.(2)
|
52,143
|
10,004
|
|
Crown Castle, Inc.(2)
|
88,896
|
7,960
|
|
|
|
17,964
|
|
|
|
|
|
|
||
|
Utilities—50.3%
|
|
|
|
Alliant Energy Corp.(2)
|
67,965
|
4,917
|
|
Atmos Energy Corp.(2)
|
20,079
|
3,751
|
|
CenterPoint Energy, Inc.(2)
|
130,063
|
5,658
|
|
Dominion Energy, Inc.
|
76,133
|
4,807
|
|
DTE Energy Co.(2)
|
27,087
|
4,015
|
|
Duke Energy Corp.(2)
|
45,854
|
6,000
|
|
E.ON SE(2)
|
237,109
|
5,514
|
|
EDP S.A.(2)
|
1,099,937
|
5,869
|
|
Entergy Corp.(2)
|
75,625
|
8,100
|
|
Evergy, Inc.(2)
|
90,484
|
7,570
|
|
Iberdrola S.A.
|
299,455
|
7,094
|
|
Kansai Electric Power Co.,
Inc. (The)
|
295,700
|
5,345
|
|
National Grid plc
|
517,815
|
9,707
|
|
NextEra Energy, Inc.
|
226,195
|
21,210
|
|
NiSource, Inc.(2)
|
178,202
|
8,429
|
|
OGE Energy Corp.(2)
|
137,838
|
6,773
|
|
Pennon Group plc
|
784,362
|
6,342
|
|
PG&E Corp.(2)
|
464,874
|
8,833
|
|
PPL Corp.(2)
|
165,827
|
6,464
|
|
Public Service Enterprise
Group, Inc.(2)
|
43,720
|
3,763
|
|
Sempra (2)
|
140,485
|
13,524
|
|
Severn Trent plc
|
123,734
|
5,469
|
|
Southern Co. (The)(2)
|
140,671
|
13,699
|
|
Spire, Inc.(2)
|
45,171
|
4,138
|
|
United Utilities Group plc
|
287,625
|
5,400
|
|
Veolia Environnement
S.A.(2)
|
104,325
|
4,433
|
|
WEC Energy Group, Inc.(2)
|
37,895
|
4,432
|
|
|
Shares
|
Value
|
|
|
|
|
|
Utilities—continued
|
|
|
|
Xcel Energy, Inc.(2)
|
132,231
|
$11,023
|
|
|
|
202,279
|
|
|
|
|
|
|
||
|
Total Common Stocks
(Identified Cost $334,651)
|
411,062
|
|
|
|
|
|
|
|
||
|
Total Long-Term
Investments—139.0%
(Identified Cost $481,815)
|
558,634
|
|
|
|
|
|
|
|
||
|
TOTAL INVESTMENTS—139.0%
(Identified Cost $481,815)
|
$558,634
|
|
|
Other assets and liabilities,
net—(39.0)%
|
(156,877
)
|
|
|
NET ASSETS—100.0%
|
$401,757
|
|
|
Abbreviations:
|
|
|
ABS
|
Asset-Backed Securities
|
|
ACA
|
American Capital Access Financial Guarantee
Corp.
|
|
BDC
|
Business Development Companies
|
|
DAC
|
Designated Activity Company
|
|
JSC
|
Joint Stock Company
|
|
LLC
|
Limited Liability Company
|
|
LLP
|
Limited Liability Partnership
|
|
LP
|
Limited Partnership
|
|
MSCI
|
Morgan Stanley Capital International
|
|
PIK
|
Payment-in-Kind Security
|
|
plc
|
Public Limited Company
|
|
S.a.r.l.
|
Société à responsabilité limitée
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
Footnote Legend:
|
|
|
(1)
|
Par Value disclosed in foreign currency is
reported in thousands.
|
|
(2)
|
All or a portion of securities is segregated as
collateral for margin loan financing. The value of
securities segregated as collateral is $4,403,624.
|
|
(3)
|
Security exempt from registration under
Rule 144A of the Securities Act of 1933. These
securities may be resold in transactions exempt
from registration, normally to qualified
institutional buyers. At February 28, 2026, these
securities amounted to a value of $77,401 or
19.3% of net assets.
|
|
(4)
|
Security in default; no interest payments are
being received.
|
|
(5)
|
Regulation S security. Security is offered and
sold outside of the United States; therefore, it is
exempt from registration with the SEC under
Rules 903 and 904 of the Securities Act of 1933.
|
|
(6)
|
Represents step coupon bond. Rate shown
reflects the rate in effect as of February 28, 2026.
|
|
(7)
|
Variable rate security. Rate disclosed is as of
February 28, 2026. Information in parenthesis
represents benchmark and reference rate for
each security. Certain variable rate securities are
not based on a published reference rate and
spread but are determined by the issuer or agent
and are based on current market conditions, or,
for mortgage-backed securities, are impacted by
the individual mortgages which are paying off
over time. These securities do not indicate a
reference rate and spread in their descriptions.
|
|
(8)
|
No contractual maturity date.
|
|
(9)
|
The value of this security was determined using
significant unobservable inputs and is reported
as a Level 3 security in the Fair Value Hierarchy
table located after the Schedule of Investments.
|
|
(10)
|
Amount is less than $500 (not in thousands).
|
|
(11)
|
Payment-in-kind security which may pay
interest/dividends in additional par/shares
and/or in cash. Rates shown are the current rate
and possible payment rates.
|
|
(12)
|
This loan will settle after February 28, 2026, at
which time the interest rate, calculated on the
base lending rate and the agreed upon spread on
trade date, will be reflected.
|
|
(13)
|
Security in default; interest payments are being
received.
|
|
(14)
|
Value shown as par value.
|
|
(15)
|
Non-income producing.
|
|
Foreign Currencies:
|
|
|
BRL
|
Brazilian Real
|
|
CZK
|
Czech Koruna
|
|
MXN
|
Mexican Peso
|
|
MYR
|
Malaysian Ringgit
|
|
ZAR
|
South African Rand
|
|
Country Weightings†
|
|
|
United States
|
62
%
|
|
Spain
|
7
|
|
Canada
|
6
|
|
United Kingdom
|
5
|
|
France
|
3
|
|
Australia
|
2
|
|
Switzerland
|
2
|
|
Other
|
13
|
|
Total
|
100
%
|
|
†% of total investments as of February 28, 2026.
|
|
|
|
Total
Value at
February 28, 2026
|
Level 1
Quoted Prices
|
Level 2
Significant
Observable
Inputs
|
Level 3
Significant
Unobservable
Inputs
|
|
Assets:
|
|
|
|
|
|
Debt Instruments:
|
|
|
|
|
|
U.S. Government Securities
|
$5,768
|
$—
|
$5,768
|
$—
|
|
Foreign Government Securities
|
23,428
|
—
|
23,428
|
—
|
|
Mortgage-Backed Securities
|
35,694
|
—
|
35,694
|
—
|
|
Asset-Backed Securities
|
19,076
|
—
|
19,076
|
—
|
|
Corporate Bonds and Notes
|
51,123
|
—
|
51,123
|
—
(1)
|
|
Leveraged Loans
|
12,174
|
—
|
12,085
|
89
|
|
Equity Securities:
|
|
|
|
|
|
Preferred Stock
|
309
|
—
|
309
|
—
|
|
Common Stocks
|
411,062
|
410,902
|
10
|
150
(2)
|
|
Total Investments
|
$558,634
|
$410,902
|
$147,493
|
$239
|
|
(1)
|
Amount is less than $500 (not in thousands).
|
|
(2)
|
Includes internally fair valued securities currently priced at zero ($0).
|