|
2026 Quarterly Report
(Unaudited)
|
|
BlackRock Limited Duration Income Trust (BLW)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities
|
|||
|
AIMCO CLO Ltd., Series 2018-BA, Class CRR, (3-mo.
CME Term SOFR + 2.40%), 6.07%, 04/16/37(a)(b)
|
USD
|
500
|
$ 500,000
|
|
Anchorage Capital CLO Ltd., Series 2015-7A, Class DR3,
(3-mo. CME Term SOFR + 3.80%), 7.47%,
04/28/37(a)(b)
|
|
1,000
|
978,130
|
|
Apidos CLO XVIII-R(a)(b)
|
|
|
|
|
Series 2018-18A, Class A1R2, (3-mo. CME Term SOFR
+ 1.33%), 5.00%, 01/22/38
|
|
2,255
|
2,255,511
|
|
Series 2018-18A, Class BR2, (3-mo. CME Term SOFR
+ 1.70%), 5.37%, 01/22/38
|
|
1,353
|
1,354,399
|
|
Argent Securities Trust, Series 2006-W5, Class A1, (1 mo.
Term SOFR + 0.41%), 4.09%, 06/25/36(a)(c)
|
|
3,471
|
2,296,727
|
|
Ballyrock CLO Ltd., Series 2024-28A, Class A2, (3-mo.
CME Term SOFR + 1.70%), 5.37%, 01/20/38(a)(b)
|
|
750
|
751,285
|
|
Bryant Park Funding Ltd., Series 2024-22A, Class C, (3-
mo. CME Term SOFR + 2.60%), 6.27%, 04/15/37(a)(b)
|
|
800
|
800,816
|
|
Carlyle US CLO Ltd., Series 2026-2A, Class D,
04/20/39(a)(b)(d)
|
|
650
|
650,000
|
|
CarVal CLO II Ltd., Series 2019-1A, Class AR2, (3-mo.
CME Term SOFR + 1.02%), 4.69%, 04/20/32(a)(b)
|
|
1,340
|
1,338,679
|
|
Cedar Funding XIV CLO Ltd., Series 2021-14A,
Class B1R, (3-mo. CME Term SOFR + 1.70%), 5.37%,
10/15/37(a)(b)
|
|
500
|
500,275
|
|
CIFC Funding Ltd.(a)(b)
|
|
|
|
|
Series 2017-1A, Class CRR, (3-mo. CME Term SOFR +
2.45%), 6.12%, 04/21/37
|
|
550
|
550,541
|
|
Series 2018-1A, Class A1R, (3-mo. CME Term SOFR +
1.32%), 4.99%, 01/18/38
|
|
1,804
|
1,804,533
|
|
Series 2018-1A, Class BR, (3-mo. CME Term SOFR +
1.70%), 5.37%, 01/18/38
|
|
2,255
|
2,253,625
|
|
Series 2019-1A, Class D1R2, (3-mo. CME Term SOFR
+ 3.05%), 6.72%, 10/20/37
|
|
500
|
493,856
|
|
Series 2022-7A, Class ER, (3-mo. CME Term SOFR +
5.35%), 9.02%, 01/22/38
|
|
500
|
489,930
|
|
Citigroup Mortgage Loan Trust, Series 2006-FX1,
Class A7, 7.28%, 10/25/36
|
|
286
|
162,867
|
|
Concord Music Royalties LLC, Series 2024-1A, Class A,
5.64%, 10/20/74(b)
|
|
272
|
273,054
|
|
Creeksource Dunes Creek CLO Ltd., Series 2024-1A,
Class A1, (3-mo. CME Term SOFR + 1.41%), 5.08%,
01/15/38(a)(b)
|
|
500
|
500,421
|
|
CWABS Asset-Backed Certificates Trust, Series 2006-26,
Class 1A, (1 mo. Term SOFR + 0.39%), 4.07%,
06/25/37(a)
|
|
391
|
366,216
|
|
Dryden Clo Ltd., Series 2018-61A, Class DR, (3-mo. CME
Term SOFR + 3.36%), 7.03%, 01/17/32(a)(b)
|
|
610
|
610,001
|
|
Dryden CLO Ltd., Series 2018-64A, Class D, (3-mo. CME
Term SOFR + 2.91%), 6.58%, 04/18/31(a)(b)
|
|
250
|
250,353
|
|
GoldenTree Loan Management U.S. CLO Ltd., Series 2021-
11A, Class AR, (3-mo. CME Term SOFR + 1.08%),
4.75%, 10/20/34(a)(b)
|
|
280
|
279,433
|
|
GoodLeap Home Improvement Solutions Trust,
Series 2025-1A, Class B, 6.27%, 02/20/49(b)
|
|
234
|
237,427
|
|
GreenSky Home Improvement Issuer Trust, Series 2024-2,
Class C, 5.55%, 10/27/59(b)
|
|
86
|
86,484
|
|
Lyra Music Assets Delaware LP, Series 2025-1A, Class A2,
5.60%, 09/20/65(b)
|
|
271
|
272,997
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Madison Park Funding XXXVII Ltd., Series 2019-37A,
Class BR2, (3-mo. CME Term SOFR + 1.95%), 5.62%,
04/15/37(a)(b)
|
USD
|
875
|
$ 875,220
|
|
Mariner Finance Issuance Trust, Series 2024-AA, Class E,
9.02%, 09/22/36(b)
|
|
497
|
509,030
|
|
Nelnet Student Loan Trust, Series 2025-BA, Class D,
6.04%, 05/17/55(b)
|
|
320
|
314,768
|
|
OCP CLO Ltd., Series 2024-38A, Class A, (3-mo. CME
Term SOFR + 1.33%), 5.00%, 01/21/38(a)(b)(c)
|
|
1,000
|
1,000,014
|
|
Octagon Investment Partners XVII Ltd., Series 2013-1A,
Class BR2, (3-mo. CME Term SOFR + 1.66%), 5.33%,
01/25/31(a)(b)
|
|
83
|
82,490
|
|
OHS Issuer LLC, Series 2026-1, Class A2, 5.98%,
02/25/61(b)
|
|
285
|
279,187
|
|
Palmer Square CLO Ltd., Series 2024-4A, Class B, (3-mo.
CME Term SOFR + 1.65%), 5.32%, 01/15/38(a)(b)
|
|
1,520
|
1,518,906
|
|
Pikes Peak CLO Ltd., Series 2020-6A, Class DRR, (3-mo.
CME Term SOFR + 2.50%), 6.16%, 05/18/34(a)(b)
|
|
250
|
238,763
|
|
Regatta 30 Funding Ltd., Series 2024-4A, Class B, (3-mo.
CME Term SOFR + 1.65%), 5.32%, 01/25/38(a)(b)
|
|
1,600
|
1,598,816
|
|
Regatta XVIII Funding Ltd., Series 2021-1A, Class BR,
(3-mo. CME Term SOFR + 1.55%), 5.22%,
04/15/38(a)(b)
|
|
300
|
298,656
|
|
Regatta XXIV Funding Ltd., Series 2021-5A, Class D1R,
(3-mo. CME Term SOFR + 2.80%), 6.47%,
01/20/38(a)(b)
|
|
250
|
245,134
|
|
Regional Management Issuance Trust, Series 2021-3,
Class A, 3.88%, 10/17/33(e)
|
|
980
|
962,850
|
|
Rockford Tower CLO Ltd., Series 2021-3A, Class A1R,
(3-mo. CME Term SOFR + 1.40%), 5.07%,
01/15/38(a)(b)(c)
|
|
2,977
|
2,978,096
|
|
RR Ltd., Series 2022-24A, Class A1A2, (3-mo. CME Term
SOFR + 1.31%), 4.98%, 01/15/37(a)(b)
|
|
250
|
250,040
|
|
Service Experts Issuer LLC, Series 2024-1A, Class A,
6.39%, 11/20/35(b)
|
|
148
|
151,302
|
|
Sterling COOFS Trust(e)
|
|
|
|
|
Series 2004-1, Class A, 2.36%, 04/15/29
|
|
607
|
—
|
|
Series 2004-2, Class Note, 2.08%, 03/30/30(b)
|
|
226
|
—
|
|
Subway Funding LLC, Series 2024-1A, Class A2I, 6.03%,
07/30/54(b)
|
|
291
|
293,193
|
|
Symphony CLO Ltd., Series 2023-40A, Class AR, (3-mo.
CME Term SOFR + 1.31%), 4.98%, 01/05/38(a)(b)
|
|
500
|
500,178
|
|
Trimaran CAVU Ltd., Series 2021-1A, Class D1R, (3-mo.
CME Term SOFR + 3.40%), 7.07%, 07/23/37(a)(b)
|
|
250
|
245,478
|
|
Unique Pub Finance Co. PLC, Series 02, Class N, 6.46%,
03/30/32(f)
|
GBP
|
18
|
24,819
|
|
Upgrade Master Pass-Thru Trust, Series 2025-ST4,
Class A, 5.50%, 08/16/32(b)
|
USD
|
201
|
201,697
|
|
UPX HIL Issuer Trust, Series 2025-1, Class A, 5.16%,
01/25/47(b)
|
|
367
|
365,174
|
|
Vista Point Securitization Trust, Series 2024-CES1,
Class A2, 6.84%, 05/25/54(b)
|
|
575
|
582,997
|
|
Voya CLO Ltd., Series 2019-3A, Class BR, (3-mo. CME
Term SOFR + 1.91%), 5.58%, 10/17/32(a)(b)
|
|
500
|
500,997
|
|
Whitebox CLO II Ltd., Series 2020-2A, Class D1R2, (3-mo.
CME Term SOFR + 2.90%), 6.57%, 10/24/37(a)(b)
|
|
500
|
496,905
|
|
Security
|
|
Par
(000)
|
Value
|
|
Asset-Backed Securities (continued)
|
|||
|
Whitebox CLO III Ltd., Series 2021-3A, Class DR, (3-mo.
CME Term SOFR + 2.85%), 6.52%, 10/15/35(a)(b)
|
USD
|
250
|
$ 249,991
|
|
Wireless PropCo Funding LLC, Series 2025-1A, Class B,
4.30%, 06/25/55(b)
|
|
870
|
824,793
|
|
Total Asset-Backed Securities — 6.8%
(Cost: $36,072,641)
|
35,647,054
|
||
|
|
|
Shares
|
|
|
Common Stocks
|
|||
|
Capital Markets — 0.0%
|
|
||
|
Wom New Holdco(e)(g)
|
|
549
|
12,627
|
|
Entertainment — 0.1%
|
|
||
|
Learfield Communications LLC, (Acquired 09/06/23, Cost:
$19,956)(e)(g)(h)
|
|
1,588
|
177,856
|
|
Financial Services — 0.0%
|
|
||
|
Aimbridge Acquisition Co., Inc.(e)(g)
|
|
2,750
|
123,723
|
|
Ground Transportation — 0.0%
|
|
||
|
Sirva BGRS Holdings, Inc.(g)
|
|
464
|
296
|
|
Hotels, Restaurants & Leisure — 0.0%
|
|
||
|
Fortrex Equity(e)(g)
|
|
3,500
|
101,500
|
|
Household Products — 0.0%
|
|
||
|
Berkline Benchcraft Equity LLC(e)(g)
|
|
3,155
|
—
|
|
Industrial Conglomerates(g) — 0.0%
|
|
||
|
Ameriforge Group, Inc.(e)
|
|
801
|
—
|
|
SVP Singer
|
|
4,245
|
19,102
|
|
|
|
|
19,102
|
|
IT Services — 0.0%
|
|
||
|
Travelport LLC(e)(g)
|
|
91
|
93,702
|
|
Machinery — 0.0%
|
|
||
|
United Site Services, Inc.(e)(g)
|
|
18,926
|
137,214
|
|
Real Estate Management & Development — 0.0%
|
|
||
|
ADLER Group SA, VTG Shares(e)(g)
|
|
33,168
|
—
|
|
Trading Companies & Distributors — 0.0%
|
|
||
|
TMK Hawk Midco Corp.(e)(g)
|
|
10,062
|
70,436
|
|
Transportation Infrastructure — 0.0%
|
|
||
|
Incora Top Holdco LLC(e)(g)
|
|
9,432
|
53,291
|
|
Wireless Telecommunication Services — 0.1%
|
|
||
|
Altice France Lux 3(g)
|
|
15,143
|
252,044
|
|
Total Common Stocks — 0.2%
(Cost: $1,838,081)
|
1,041,791
|
||
|
|
|
Par
(000)
|
|
|
Corporate Bonds
|
|||
|
Advertising Agencies — 1.2%
|
|||
|
Clear Channel Outdoor Holdings, Inc.(b)(c)
|
|
|
|
|
7.75%, 04/15/28
|
USD
|
470
|
472,230
|
|
7.50%, 06/01/29
|
|
797
|
800,363
|
|
7.88%, 04/01/30
|
|
636
|
665,576
|
|
7.13%, 02/15/31
|
|
789
|
826,632
|
|
7.50%, 03/15/33
|
|
965
|
1,021,933
|
|
Security
|
|
Par
(000)
|
Value
|
|
Advertising Agencies (continued)
|
|||
|
CMG Media Corp., 8.88%, 06/18/29(b)
|
USD
|
230
|
$ 198,874
|
|
Lamar Media Corp.
|
|
|
|
|
4.00%, 02/15/30
|
|
40
|
38,170
|
|
5.38%, 11/01/33(b)
|
|
209
|
204,553
|
|
Neptune Bidco U.S., Inc.(b)
|
|
|
|
|
9.29%, 04/15/29(c)
|
|
414
|
415,150
|
|
10.38%, 05/15/31
|
|
263
|
265,369
|
|
9.50%, 02/15/33
|
|
360
|
349,286
|
|
Omnicom Group, Inc., 5.40%, 10/01/48(c)
|
|
200
|
174,260
|
|
Outfront Media Capital LLC/Outfront Media Capital Corp.(b)
|
|
|
|
|
5.00%, 08/15/27
|
|
88
|
87,793
|
|
4.25%, 01/15/29(c)
|
|
222
|
214,008
|
|
4.63%, 03/15/30(c)
|
|
107
|
103,236
|
|
7.38%, 02/15/31(c)
|
|
254
|
264,849
|
|
Stagwell Global LLC, 5.63%, 08/15/29(b)(c)
|
|
101
|
96,157
|
|
|
|
|
6,198,439
|
|
Aerospace & Defense — 2.5%
|
|||
|
AAR Escrow Issuer LLC, 6.75%, 03/15/29(b)
|
|
303
|
308,394
|
|
ATI, Inc.
|
|
|
|
|
5.88%, 12/01/27(c)
|
|
127
|
126,976
|
|
4.88%, 10/01/29
|
|
101
|
99,653
|
|
7.25%, 08/15/30(c)
|
|
535
|
554,778
|
|
5.13%, 10/01/31(c)
|
|
215
|
212,416
|
|
Bombardier, Inc.(b)
|
|
|
|
|
8.75%, 11/15/30(c)
|
|
251
|
266,949
|
|
7.25%, 07/01/31
|
|
34
|
35,629
|
|
7.00%, 06/01/32(c)
|
|
254
|
263,612
|
|
6.75%, 06/15/33
|
|
337
|
348,023
|
|
Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%,
02/15/32(b)(c)
|
|
952
|
947,174
|
|
Goat Holdco LLC, 6.75%, 02/01/32(b)
|
|
295
|
296,808
|
|
Moog, Inc.(b)
|
|
|
|
|
4.25%, 12/15/27
|
|
17
|
16,990
|
|
5.50%, 10/15/34
|
|
124
|
124,390
|
|
Northrop Grumman Corp., 3.85%, 04/15/45(c)
|
|
600
|
471,308
|
|
TransDigm, Inc.(b)
|
|
|
|
|
6.75%, 08/15/28(c)
|
|
1,152
|
1,165,985
|
|
6.38%, 03/01/29(c)
|
|
1,477
|
1,504,565
|
|
6.63%, 03/01/32(c)
|
|
1,243
|
1,267,698
|
|
6.00%, 01/15/33(c)
|
|
811
|
810,545
|
|
6.38%, 05/31/33(c)
|
|
1,459
|
1,451,221
|
|
6.25%, 01/31/34
|
|
192
|
194,118
|
|
6.75%, 01/31/34(c)
|
|
1,318
|
1,335,272
|
|
6.13%, 07/31/34(c)
|
|
1,159
|
1,139,926
|
|
|
|
|
12,942,430
|
|
Air Freight & Logistics(b) — 0.1%
|
|||
|
Rand Parent LLC, 8.50%, 02/15/30
|
|
234
|
240,207
|
|
Stonepeak Nile Parent LLC, 7.25%, 03/15/32
|
|
114
|
118,571
|
|
|
|
|
358,778
|
|
Automobile Components — 0.9%
|
|||
|
American Axle & Manufacturing, Inc.(b)
|
|
|
|
|
6.38%, 10/15/32
|
|
151
|
149,451
|
|
7.75%, 10/15/33
|
|
158
|
153,813
|
|
Aptiv Swiss Holdings Ltd., 4.40%, 10/01/46
|
|
240
|
193,349
|
|
Clarios Global LP/Clarios U.S. Finance Co.(b)
|
|
|
|
|
6.75%, 05/15/28(c)
|
|
839
|
847,164
|
|
6.75%, 02/15/30
|
|
359
|
367,078
|
|
4.75%, 06/15/31
|
EUR
|
295
|
334,793
|
|
6.75%, 09/15/32(c)
|
USD
|
684
|
689,472
|
|
Security
|
|
Par
(000)
|
Value
|
|
Automobile Components (continued)
|
|||
|
Cyprium Corp./Cyprium Holdings Luxembourg SARL,
6.13%, 04/15/31(b)
|
USD
|
199
|
$ 196,178
|
|
Dana, Inc.
|
|
|
|
|
4.25%, 09/01/30
|
|
44
|
41,626
|
|
4.50%, 02/15/32
|
|
73
|
68,124
|
|
Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%,
05/31/32(b)(c)
|
|
112
|
115,968
|
|
Goodyear Tire & Rubber Co., 6.63%, 07/15/30
|
|
119
|
116,368
|
|
IHO Verwaltungs GmbH, (7.00% Cash or 7.75% PIK),
7.00%, 11/15/31(f)(i)
|
EUR
|
100
|
120,844
|
|
Mahle GmbH, 6.50%, 05/02/31(f)
|
|
100
|
116,873
|
|
Qnity Electronics, Inc.(b)
|
|
|
|
|
5.75%, 08/15/32
|
USD
|
277
|
277,330
|
|
6.25%, 08/15/33
|
|
214
|
216,383
|
|
Schaeffler AG(f)
|
|
|
|
|
4.25%, 04/01/28
|
EUR
|
100
|
114,232
|
|
4.75%, 08/14/29
|
|
100
|
114,996
|
|
Tenneco, Inc., 8.00%, 11/17/28(b)(c)
|
USD
|
453
|
451,389
|
|
ZF Europe Finance BV(f)
|
|
|
|
|
7.00%, 06/12/30
|
EUR
|
100
|
117,905
|
|
5.50%, 02/17/32
|
|
100
|
109,047
|
|
|
|
|
4,912,383
|
|
Automobiles — 1.3%
|
|||
|
Allison Transmission, Inc., 5.88%, 12/01/33(b)
|
USD
|
158
|
157,031
|
|
Asbury Automotive Group, Inc., 4.50%, 03/01/28
|
|
146
|
143,372
|
|
Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29(f)
|
GBP
|
100
|
101,573
|
|
Carvana Co.(b)(c)(i)
|
|
|
|
|
(11.00% Cash or 13.00% PIK), 9.00%, 06/01/30
|
USD
|
693
|
720,524
|
|
(9.00% PIK), 9.00%, 06/01/31
|
|
1,480
|
1,600,973
|
|
Cougar JV Subsidiary LLC, 8.00%, 05/15/32(b)
|
|
200
|
206,811
|
|
General Motors Financial Co., Inc., 6.00%, 01/09/28(c)
|
|
1,000
|
1,022,376
|
|
Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%,
08/15/29(b)
|
|
200
|
198,983
|
|
LCM Investments Holdings II LLC(b)(c)
|
|
|
|
|
4.88%, 05/01/29
|
|
183
|
178,079
|
|
8.25%, 08/01/31
|
|
266
|
276,306
|
|
Lithia Motors, Inc., 5.50%, 10/01/30(b)
|
|
174
|
170,508
|
|
Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/30(b)(c)
|
|
446
|
428,624
|
|
Nissan Motor Co. Ltd.
|
|
|
|
|
5.25%, 07/17/29(f)
|
EUR
|
100
|
114,416
|
|
7.75%, 07/17/32(b)
|
USD
|
204
|
206,569
|
|
6.38%, 07/17/33(b)
|
EUR
|
145
|
166,750
|
|
8.13%, 07/17/35(b)
|
USD
|
607
|
624,507
|
|
RCI Banque SA, (5-year EURIBOR ICE Swap + 2.20%),
4.75%, 03/24/37(a)(f)
|
EUR
|
100
|
111,878
|
|
Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC,
10.00%, 01/15/31(b)
|
USD
|
232
|
225,429
|
|
|
|
|
6,654,709
|
|
Banks — 0.1%
|
|||
|
Abanca Corp. Bancaria SA, (5-year EURIBOR ICE Swap +
2.45%), 4.63%, 12/11/36(a)(f)
|
EUR
|
100
|
115,607
|
|
Al Rajhi Sukuk Ltd., (6 year USD CMT + 1.59%),
6.25%(a)(c)(f)(j)
|
USD
|
200
|
195,758
|
|
Banco Espirito Santo SA(k)
|
|
|
|
|
4.75%, 01/15/22(a)
|
EUR
|
100
|
25,429
|
|
4.00%, 01/21/22(g)
|
|
100
|
25,429
|
|
Security
|
|
Par
(000)
|
Value
|
|
Banks (continued)
|
|||
|
National Bank of Greece SA, (5-year EURIBOR ICE Swap
+ 3.15%), 5.88%, 06/28/35(a)(f)
|
EUR
|
100
|
$ 120,881
|
|
Walker & Dunlop, Inc., 6.63%, 04/01/33(b)
|
USD
|
143
|
139,808
|
|
|
|
|
622,912
|
|
Beverages — 0.1%
|
|||
|
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev
Worldwide, Inc., 4.90%, 02/01/46(c)
|
|
741
|
667,768
|
|
Biotechnology(b) — 0.2%
|
|||
|
BioMarin Pharmaceutical, Inc., 5.50%, 02/15/34
|
|
340
|
334,749
|
|
Genmab AS/Genmab Finance LLC
|
|
|
|
|
6.25%, 12/15/32
|
|
200
|
205,047
|
|
7.25%, 12/15/33(c)
|
|
435
|
455,328
|
|
|
|
|
995,124
|
|
Building Materials — 1.3%
|
|||
|
AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33(b)
|
|
222
|
229,159
|
|
Builders FirstSource, Inc.(b)
|
|
|
|
|
6.38%, 03/01/34
|
|
146
|
144,134
|
|
6.75%, 05/15/35
|
|
172
|
171,835
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
|
6.38%, 12/15/30(f)
|
EUR
|
100
|
117,651
|
|
6.63%, 12/15/30(b)(c)
|
USD
|
1,537
|
1,563,220
|
|
6.75%, 07/15/31(b)
|
|
175
|
179,980
|
|
Jeld-Wen, Inc.(b)
|
|
|
|
|
4.88%, 12/15/27
|
|
257
|
174,254
|
|
7.00%, 09/01/32(c)
|
|
75
|
34,966
|
|
New Enterprise Stone & Lime Co., Inc.(b)
|
|
|
|
|
5.25%, 07/15/28
|
|
81
|
79,801
|
|
9.75%, 07/15/28
|
|
300
|
299,696
|
|
Quikrete Holdings, Inc.(b)
|
|
|
|
|
6.38%, 03/01/32(c)
|
|
1,202
|
1,218,832
|
|
6.75%, 03/01/33
|
|
318
|
322,973
|
|
Smyrna Ready Mix Concrete LLC, 6.00%, 11/01/28(b)
|
|
56
|
55,578
|
|
Standard Building Solutions, Inc.(b)
|
|
|
|
|
6.50%, 08/15/32(c)
|
|
494
|
494,255
|
|
6.25%, 08/01/33(c)
|
|
504
|
498,333
|
|
5.88%, 03/15/34
|
|
279
|
269,009
|
|
Standard Industries, Inc.(b)
|
|
|
|
|
4.75%, 01/15/28
|
|
2
|
1,977
|
|
4.38%, 07/15/30(c)
|
|
519
|
489,191
|
|
3.38%, 01/15/31(c)
|
|
353
|
316,417
|
|
Wilsonart LLC, 11.00%, 08/15/32(b)
|
|
305
|
221,089
|
|
|
|
|
6,882,350
|
|
Building Products(b) — 0.6%
|
|||
|
LBM Acquisition LLC, 9.50%, 06/15/31
|
|
236
|
205,425
|
|
QXO Building Products, Inc., 6.75%, 04/30/32(c)
|
|
893
|
910,852
|
|
White Cap Supply Holdings LLC, 7.38%, 11/15/30(c)
|
|
2,019
|
1,958,416
|
|
|
|
|
3,074,693
|
|
Capital Markets — 0.7%
|
|||
|
Apollo Debt Solutions BDC
|
|
|
|
|
5.88%, 08/30/30(c)
|
|
163
|
160,436
|
|
6.70%, 07/29/31
|
|
70
|
70,817
|
|
6.55%, 03/15/32(c)
|
|
133
|
133,510
|
|
ARES Strategic Income Fund, 5.80%, 09/09/30(b)(c)
|
|
220
|
213,925
|
|
Bain Capital Specialty Finance, Inc., 5.95%, 03/15/30
|
|
70
|
67,771
|
|
Blue Owl Capital Corp., 6.20%, 07/15/30(c)
|
|
223
|
219,777
|
|
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29(b)
|
|
220
|
204,861
|
|
Focus Financial Partners LLC, 6.75%, 09/15/31(b)(c)
|
|
197
|
195,650
|
|
Security
|
|
Par
(000)
|
Value
|
|
Capital Markets (continued)
|
|||
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
|
|
|
|
|
5.25%, 05/15/27(c)
|
USD
|
611
|
$ 598,723
|
|
9.75%, 01/15/29
|
|
170
|
167,136
|
|
4.38%, 02/01/29(c)
|
|
124
|
105,817
|
|
10.00%, 11/15/29(b)
|
|
193
|
190,134
|
|
Jane Street Group/JSG Finance, Inc.(b)
|
|
|
|
|
6.13%, 11/01/32
|
|
78
|
77,133
|
|
6.75%, 05/01/33
|
|
260
|
263,788
|
|
Osaic Holdings, Inc.(b)
|
|
|
|
|
6.75%, 08/01/32
|
|
338
|
338,042
|
|
8.00%, 08/01/33(c)
|
|
471
|
464,972
|
|
Turkiye Varlik Fonu Yonetimi AS, 8.25%, 02/14/29(f)
|
|
200
|
207,375
|
|
WOM Chile Holdco SpA, (5.00% PIK), 5.00%,
04/01/32(b)(i)(l)
|
|
179
|
162,415
|
|
|
|
|
3,842,282
|
|
Chemicals — 2.0%
|
|||
|
Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK),
9.25%, 11/01/26(b)(i)
|
|
331
|
268,576
|
|
Celanese U.S. Holdings LLC
|
|
|
|
|
7.00%, 02/15/31
|
|
26
|
26,697
|
|
6.75%, 04/15/33(c)
|
|
181
|
185,699
|
|
7.38%, 02/15/34
|
|
213
|
218,224
|
|
Chemours Co.(b)
|
|
|
|
|
5.75%, 11/15/28(c)
|
|
574
|
568,331
|
|
4.63%, 11/15/29
|
|
372
|
348,845
|
|
7.88%, 03/15/34
|
|
200
|
199,942
|
|
Element Solutions, Inc., 3.88%, 09/01/28(b)(c)
|
|
1,262
|
1,228,725
|
|
FMC Corp.
|
|
|
|
|
3.45%, 10/01/29
|
|
184
|
164,357
|
|
4.50%, 10/01/49
|
|
55
|
34,035
|
|
6.38%, 05/18/53
|
|
39
|
29,385
|
|
Herens Holdco SARL, 4.75%, 05/15/28(b)(c)
|
|
212
|
178,165
|
|
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%,
07/01/28(b)
|
|
6
|
6,005
|
|
Ingevity Corp., 3.88%, 11/01/28(b)
|
|
84
|
80,636
|
|
Inversion Escrow Issuer LLC, 6.75%, 08/01/32(b)(c)
|
|
590
|
561,871
|
|
Itelyum Regeneration SpA, 5.75%, 04/15/30(f)
|
EUR
|
100
|
114,012
|
|
Kronos International, Inc., 9.50%, 03/15/29(f)
|
|
100
|
99,298
|
|
Methanex U.S. Operations, Inc., 6.25%, 03/15/32(b)(c)
|
USD
|
147
|
150,391
|
|
Minerals Technologies, Inc., 5.00%, 07/01/28(b)
|
|
169
|
166,134
|
|
OCP SA, 5.13%, 06/23/51(f)
|
|
200
|
155,474
|
|
Olympus Water U.S. Holding Corp.(b)(c)
|
|
|
|
|
7.25%, 06/15/31
|
|
596
|
582,115
|
|
7.25%, 02/15/33
|
|
1,731
|
1,651,549
|
|
Perimeter Holdings LLC, 6.25%, 01/15/34(b)(c)
|
|
527
|
516,855
|
|
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b)
|
|
362
|
353,084
|
|
Solstice Advanced Materials, Inc., 5.63%, 09/30/33(b)(c)
|
|
413
|
407,235
|
|
WR Grace Holdings LLC(b)(c)
|
|
|
|
|
5.63%, 08/15/29
|
|
1,191
|
1,095,386
|
|
7.38%, 03/01/31
|
|
235
|
235,606
|
|
6.63%, 08/15/32
|
|
404
|
393,640
|
|
7.00%, 08/01/33
|
|
485
|
471,020
|
|
|
|
|
10,491,292
|
|
Commercial Services & Supplies — 4.4%
|
|||
|
ADT Security Corp.(b)
|
|
|
|
|
4.88%, 07/15/32
|
|
107
|
99,946
|
|
5.88%, 10/15/33(c)
|
|
453
|
438,735
|
|
Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%,
05/21/30(b)(c)
|
|
476
|
486,490
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Services & Supplies (continued)
|
|||
|
Allied Universal Holdco LLC, 7.88%, 02/15/31(b)(c)
|
USD
|
2,362
|
$ 2,435,730
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp.(b)(c)
|
|
|
|
|
6.00%, 06/01/29
|
|
1,659
|
1,603,053
|
|
6.88%, 06/15/30
|
|
895
|
907,245
|
|
Allied Universal Holdco LLC/Allied Universal Finance
Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b)(c)
|
|
1,543
|
1,507,064
|
|
APi Group DE, Inc.(b)
|
|
|
|
|
4.13%, 07/15/29
|
|
132
|
125,701
|
|
4.75%, 10/15/29
|
|
100
|
96,788
|
|
Arena Luxembourg Finance SARL, (3-mo. EURIBOR +
2.50%), 4.52%, 05/01/30(a)(f)
|
EUR
|
100
|
115,250
|
|
BCP V Modular Services Finance II PLC, 6.50%,
07/10/31(f)
|
|
100
|
98,208
|
|
Belron U.K. Finance PLC, 5.75%, 10/15/29(b)(c)
|
USD
|
796
|
801,027
|
|
Boels Topholding BV, 5.75%, 05/15/30(f)
|
EUR
|
100
|
116,131
|
|
Brink’s Co.(b)
|
|
|
|
|
6.50%, 06/15/29
|
USD
|
157
|
159,430
|
|
6.75%, 06/15/32
|
|
68
|
68,831
|
|
Clarivate Science Holdings Corp.(b)(c)
|
|
|
|
|
3.88%, 07/01/28
|
|
298
|
281,228
|
|
4.88%, 07/01/29
|
|
883
|
766,167
|
|
CompoSecure Holdings LLC, 5.63%, 02/01/33(b)(c)
|
|
734
|
717,081
|
|
Deluxe Corp., 8.13%, 09/15/29(b)
|
|
132
|
137,027
|
|
FTAI Aviation Investors LLC(b)(c)
|
|
|
|
|
5.50%, 05/01/28
|
|
740
|
739,739
|
|
7.88%, 12/01/30
|
|
671
|
700,655
|
|
7.00%, 05/01/31
|
|
838
|
859,059
|
|
7.00%, 06/15/32
|
|
427
|
437,725
|
|
5.88%, 04/15/33
|
|
367
|
359,069
|
|
Garda World Security Corp.(b)
|
|
|
|
|
7.75%, 02/15/28(c)
|
|
532
|
541,186
|
|
6.00%, 06/01/29
|
|
65
|
61,869
|
|
8.25%, 08/01/32(c)
|
|
599
|
592,731
|
|
8.38%, 11/15/32(c)
|
|
1,400
|
1,400,951
|
|
Herc Holdings, Inc.(b)
|
|
|
|
|
6.63%, 06/15/29(c)
|
|
36
|
36,591
|
|
7.00%, 06/15/30
|
|
388
|
397,843
|
|
5.75%, 03/15/31
|
|
147
|
144,775
|
|
7.25%, 06/15/33
|
|
232
|
237,740
|
|
6.00%, 03/15/34
|
|
152
|
146,946
|
|
Hertz Corp., 12.63%, 07/15/29(b)
|
|
152
|
133,373
|
|
Loxam SAS, 6.38%, 05/31/29(f)
|
EUR
|
90
|
106,721
|
|
RR Donnelley & Sons Co., 9.50%, 08/01/29(b)(c)
|
USD
|
595
|
602,261
|
|
Service Corp. International(c)
|
|
|
|
|
5.13%, 06/01/29
|
|
238
|
236,460
|
|
3.38%, 08/15/30
|
|
273
|
251,876
|
|
4.00%, 05/15/31
|
|
370
|
344,890
|
|
5.75%, 10/15/32
|
|
556
|
554,930
|
|
Sotheby’s, 7.38%, 10/15/27(b)(c)
|
|
691
|
687,690
|
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(c)
|
|
453
|
425,302
|
|
United Rentals North America, Inc., 5.38%, 11/15/33(b)(c)
|
|
538
|
523,140
|
|
Veritiv Operating Co., 10.50%, 11/30/30(b)
|
|
172
|
178,751
|
|
Wand NewCo 3, Inc., 7.63%, 01/30/32(b)(c)
|
|
618
|
631,903
|
|
Williams Scotsman, Inc.(b)
|
|
|
|
|
6.63%, 06/15/29
|
|
32
|
32,360
|
|
6.63%, 04/15/30
|
|
213
|
216,363
|
|
7.38%, 10/01/31(c)
|
|
378
|
387,593
|
|
|
|
|
22,931,624
|
|
Security
|
|
Par
(000)
|
Value
|
|
Communications Equipment — 0.0%
|
|||
|
Viavi Solutions, Inc., 3.75%, 10/01/29(b)(c)
|
USD
|
116
|
$ 108,835
|
|
Construction & Engineering — 0.5%
|
|||
|
AECOM, 6.00%, 08/01/33(b)(c)
|
|
479
|
478,474
|
|
Arcosa, Inc.(b)
|
|
|
|
|
4.38%, 04/15/29(c)
|
|
232
|
223,820
|
|
6.88%, 08/15/32
|
|
31
|
31,764
|
|
Brand Industrial Services, Inc., 10.38%, 08/01/30(b)(c)
|
|
1,494
|
1,365,385
|
|
Dycom Industries, Inc., 4.50%, 04/15/29(b)
|
|
119
|
115,428
|
|
Heathrow Finance PLC, 4.13%, 09/01/29(f)
|
GBP
|
100
|
123,437
|
|
IHS Holding Ltd., 6.25%, 11/29/28(b)
|
USD
|
200
|
198,032
|
|
Weekley Homes LLC/Weekley Finance Corp., 6.75%,
01/15/34(b)
|
|
167
|
159,944
|
|
|
|
|
2,696,284
|
|
Consumer Finance — 1.4%
|
|||
|
Block, Inc.
|
|
|
|
|
2.75%, 06/01/26(c)
|
|
406
|
404,149
|
|
5.63%, 08/15/30(b)
|
|
341
|
339,116
|
|
6.50%, 05/15/32(c)
|
|
917
|
925,373
|
|
6.00%, 08/15/33(b)(c)
|
|
450
|
442,568
|
|
Capital One Financial Corp., (1-day SOFR + 2.60%),
5.82%, 02/01/34(a)(c)
|
|
440
|
450,194
|
|
ION Platform Finance SARL(f)
|
|
|
|
|
7.88%, 05/01/29
|
EUR
|
100
|
107,384
|
|
6.50%, 09/30/30
|
|
100
|
95,794
|
|
ION Platform Finance U.S., Inc., 7.88%, 09/30/32(b)(c)
|
USD
|
530
|
410,234
|
|
Navient Corp.
|
|
|
|
|
9.38%, 07/25/30
|
|
8
|
7,799
|
|
7.88%, 06/15/32(c)
|
|
133
|
118,576
|
|
OneMain Finance Corp.
|
|
|
|
|
6.63%, 05/15/29
|
|
119
|
119,115
|
|
5.38%, 11/15/29(c)
|
|
189
|
182,255
|
|
7.88%, 03/15/30(c)
|
|
370
|
381,832
|
|
6.13%, 05/15/30
|
|
327
|
319,754
|
|
4.00%, 09/15/30
|
|
179
|
161,652
|
|
7.50%, 05/15/31
|
|
46
|
46,246
|
|
7.13%, 11/15/31
|
|
97
|
96,107
|
|
6.75%, 03/15/32(c)
|
|
330
|
320,178
|
|
7.13%, 09/15/32
|
|
133
|
130,986
|
|
6.50%, 03/15/33(c)
|
|
357
|
341,266
|
|
6.75%, 09/15/33(c)
|
|
670
|
642,431
|
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.,
5.50%, 05/15/33(f)
|
EUR
|
100
|
108,968
|
|
Shift4 Payments, Inc.(b)
|
|
|
|
|
6.75%, 08/15/32(c)
|
USD
|
726
|
713,908
|
|
5.50%, 05/15/33
|
EUR
|
270
|
294,215
|
|
WEX, Inc., 6.50%, 03/15/33(b)
|
USD
|
339
|
332,075
|
|
Worldline SA, 0.00%, 07/30/26(f)(l)(m)
|
EUR
|
2
|
2,807
|
|
|
|
|
7,494,982
|
|
Consumer Staples Distribution & Retail — 0.7%
|
|||
|
Albertsons Cos, Inc.(b)
|
|
|
|
|
5.50%, 03/31/31
|
USD
|
163
|
161,154
|
|
6.25%, 03/15/33(c)
|
|
139
|
139,932
|
|
5.75%, 03/31/34(c)
|
|
566
|
553,744
|
|
Albertsons Cos., Inc., 5.63%, 03/31/32(b)
|
|
139
|
136,848
|
|
B&M European Value Retail SA, 6.50%, 11/27/31(f)
|
GBP
|
100
|
125,045
|
|
Bellis Acquisition Co. PLC, 8.13%, 05/14/30(f)
|
|
100
|
122,058
|
|
Boots Group Finco LP(b)
|
|
|
|
|
5.38%, 08/31/32
|
EUR
|
360
|
413,994
|
|
7.38%, 08/31/32
|
GBP
|
160
|
210,319
|
|
KeHE Distributors LLC/KeHE Finance Corp./NextWave
Distribution, Inc., 9.00%, 02/15/29(b)
|
USD
|
163
|
169,691
|
|
Security
|
|
Par
(000)
|
Value
|
|
Consumer Staples Distribution & Retail (continued)
|
|||
|
Lion/Polaris Lux Midco SARL, (3-mo. EURIBOR + 3.63%),
5.75%, 07/01/29(a)(f)
|
EUR
|
100
|
$ 115,348
|
|
Performance Food Group, Inc.(b)(c)
|
|
|
|
|
4.25%, 08/01/29
|
USD
|
171
|
164,257
|
|
6.13%, 09/15/32
|
|
277
|
277,512
|
|
5.63%, 03/01/34
|
|
585
|
564,228
|
|
Simmons Foods, Inc./Simmons Prepared Foods,
Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%,
03/01/29(b)
|
|
129
|
124,148
|
|
U.S. Foods, Inc., 7.25%, 01/15/32(b)(c)
|
|
184
|
190,397
|
|
United Natural Foods, Inc., 6.75%, 10/15/28(b)
|
|
195
|
195,154
|
|
|
|
|
3,663,829
|
|
Containers & Packaging — 2.1%
|
|||
|
Ardagh Group SA
|
|
|
|
|
9.50%, 12/01/30(b)
|
|
908
|
952,262
|
|
(4.50% Cash + 7.50% PIK), 12.00%, 12/01/30(f)(i)
|
EUR
|
200
|
189,802
|
|
(5.50% Cash + 6.50% PIK), 12.00%, 12/01/30(b)(c)(i)
|
USD
|
400
|
336,140
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal
Packaging Finance PLC(b)
|
|
|
|
|
3.25%, 09/01/28
|
|
200
|
190,215
|
|
4.00%, 09/01/29(c)
|
|
1,600
|
1,465,122
|
|
6.25%, 01/30/31
|
|
315
|
312,295
|
|
Ball Corp.
|
|
|
|
|
4.25%, 07/01/32
|
EUR
|
145
|
165,635
|
|
5.50%, 09/15/33(c)
|
USD
|
150
|
150,086
|
|
Canpack SA/Canpack U.S. LLC, 2.38%, 11/01/27(f)
|
EUR
|
100
|
112,056
|
|
Clydesdale Acquisition Holdings, Inc.(b)(c)
|
|
|
|
|
6.63%, 04/15/29
|
USD
|
256
|
251,408
|
|
6.88%, 01/15/30
|
|
305
|
296,452
|
|
6.75%, 04/15/32
|
|
482
|
456,041
|
|
Crown Americas LLC, 5.88%, 06/01/33(c)
|
|
545
|
544,748
|
|
Fedrigoni SpA, 6.13%, 06/15/31(f)
|
EUR
|
100
|
106,486
|
|
LABL, Inc.(b)
|
|
|
|
|
5.88%, 11/01/28(k)
|
USD
|
233
|
111,840
|
|
9.50%, 11/01/28
|
|
551
|
264,480
|
|
8.63%, 10/01/31(k)
|
|
327
|
156,960
|
|
Mauser Packaging Solutions Holding Co.(b)
|
|
|
|
|
7.88%, 04/15/30(c)
|
|
3,672
|
3,672,000
|
|
9.25%, 04/15/30
|
|
249
|
231,363
|
|
OI European Group BV, 5.25%, 06/01/29(f)
|
EUR
|
100
|
114,022
|
|
Owens-Brockway Glass Container, Inc., 6.63%,
05/13/27(b)
|
USD
|
39
|
39,081
|
|
Sealed Air Corp.(b)
|
|
|
|
|
4.00%, 12/01/27
|
|
72
|
71,820
|
|
5.00%, 04/15/29
|
|
59
|
59,443
|
|
Silgan Holdings, Inc., 4.25%, 02/15/31(b)
|
EUR
|
305
|
341,198
|
|
Trivium Packaging Finance BV
|
|
|
|
|
6.63%, 07/15/30(f)
|
|
100
|
116,153
|
|
6.63%, 07/15/30(b)
|
|
100
|
116,153
|
|
12.25%, 01/15/31(b)
|
USD
|
200
|
216,542
|
|
|
|
|
11,039,803
|
|
Distributors(b) — 0.1%
|
|||
|
Gates Corp., 6.88%, 07/01/29
|
|
196
|
201,104
|
|
Resideo Funding, Inc.
|
|
|
|
|
4.00%, 09/01/29
|
|
59
|
55,757
|
|
6.50%, 07/15/32(c)
|
|
230
|
226,613
|
|
|
|
|
483,474
|
|
Diversified REITs — 0.5%
|
|||
|
Digital Realty Trust LP, 1.88%, 11/15/29(b)(l)
|
|
85
|
89,983
|
|
Iron Mountain Information Management Services, Inc.,
5.00%, 07/15/32(b)
|
|
179
|
168,987
|
|
Security
|
|
Par
(000)
|
Value
|
|
Diversified REITs (continued)
|
|||
|
Iron Mountain, Inc.
|
|
|
|
|
5.25%, 07/15/30(b)
|
USD
|
23
|
$ 22,346
|
|
5.63%, 07/15/32(b)
|
|
19
|
18,445
|
|
6.25%, 01/15/33(b)(c)
|
|
78
|
77,751
|
|
4.75%, 01/15/34(b)
|
EUR
|
500
|
537,768
|
|
4.75%, 01/15/34(f)
|
|
100
|
107,554
|
|
Millrose Properties, Inc.(b)
|
|
|
|
|
6.38%, 08/01/30(c)
|
USD
|
528
|
527,836
|
|
6.25%, 09/15/32
|
|
342
|
335,710
|
|
SBA Communications Corp., 3.13%, 02/01/29(c)
|
|
586
|
555,276
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC,
6.00%, 01/15/30(b)
|
|
123
|
115,691
|
|
|
|
|
2,557,347
|
|
Diversified Telecommunication Services — 5.4%
|
|||
|
APLD ComputeCo 2 LLC, 6.75%, 03/15/31(b)(c)
|
|
782
|
776,306
|
|
APLD ComputeCo LLC, 9.25%, 12/15/30(b)
|
|
319
|
328,673
|
|
AT&T, Inc., 4.30%, 02/15/30(c)
|
|
1,350
|
1,341,436
|
|
Black Pearl Compute LLC, 6.13%, 02/15/31(b)(c)
|
|
820
|
834,594
|
|
Cipher Compute LLC, 7.13%, 11/15/30(b)(c)
|
|
590
|
611,257
|
|
Connect Finco SARL/Connect U.S. Finco LLC, 9.00%,
09/15/29(b)(c)
|
|
420
|
441,227
|
|
EchoStar Corp.(c)
|
|
|
|
|
(6.75% Cash or 6.75% PIK), 6.75%, 11/30/30(i)
|
|
1,903
|
1,921,202
|
|
10.75%, 11/30/29
|
|
1,328
|
1,434,317
|
|
eircom Finance DAC, 5.00%, 04/30/31(f)
|
EUR
|
100
|
114,816
|
|
Eutelsat SA, 1.50%, 10/13/28(f)
|
|
100
|
109,686
|
|
Fibercop SpA
|
|
|
|
|
4.75%, 06/30/30(f)
|
|
100
|
114,639
|
|
5.13%, 06/30/32(f)
|
|
100
|
114,430
|
|
6.00%, 09/30/34(b)(c)
|
USD
|
242
|
230,211
|
|
7.20%, 07/18/36(b)(c)
|
|
200
|
198,554
|
|
Flash Compute LLC, 7.25%, 12/31/30(b)(c)
|
|
961
|
967,526
|
|
Frontier Communications Holdings LLC
|
|
|
|
|
5.00%, 05/01/28(b)(c)
|
|
753
|
752,882
|
|
6.75%, 05/01/29(b)
|
|
111
|
111,139
|
|
5.88%, 11/01/29
|
|
180
|
180,629
|
|
6.00%, 01/15/30(b)(c)
|
|
244
|
245,460
|
|
8.75%, 05/15/30(b)(c)
|
|
1,312
|
1,346,225
|
|
Kaixo Bondco Telecom SA, 5.13%, 09/30/29(f)
|
EUR
|
100
|
115,875
|
|
Level 3 Financing, Inc.(b)
|
|
|
|
|
3.63%, 01/15/29
|
USD
|
61
|
57,187
|
|
6.88%, 06/30/33(c)
|
|
1,917
|
1,951,896
|
|
7.00%, 03/31/34(c)
|
|
1,784
|
1,826,077
|
|
8.50%, 01/15/36(c)
|
|
1,871
|
1,952,223
|
|
Ligado Networks LLC, (15.50% PIK), 15.50%,
11/01/23(b)(i)(k)
|
|
236
|
75,674
|
|
Lorca Telecom Bondco SA, 5.75%, 04/30/29(f)
|
EUR
|
100
|
118,655
|
|
Sable International Finance Ltd., 7.13%, 10/15/32(b)(c)
|
USD
|
493
|
485,165
|
|
SV RNO Property Owner 1 LLC, 5.88%, 03/01/31(b)(c)
|
|
2,203
|
2,177,649
|
|
Telecom Italia Capital SA, 7.72%, 06/04/38
|
|
381
|
424,315
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital
LLC(b)
|
|
|
|
|
6.50%, 02/15/29
|
|
85
|
82,555
|
|
Series Feb, 8.63%, 06/15/32(c)
|
|
778
|
792,382
|
|
Verizon Communications, Inc., 3.70%, 03/22/61(c)
|
|
1,000
|
666,327
|
|
Windstream Services LLC, 7.50%, 10/15/33(b)
|
|
390
|
405,464
|
|
Windstream Services LLC/Windstream Escrow Finance
Corp., 8.25%, 10/01/31(b)(c)
|
|
1,050
|
1,097,415
|
|
Security
|
|
Par
(000)
|
Value
|
|
Diversified Telecommunication Services (continued)
|
|||
|
WULF Compute LLC, 7.75%, 10/15/30(b)(c)
|
USD
|
940
|
$ 993,279
|
|
Zayo Group Holdings, Inc.(b)(i)
|
|
|
|
|
(5.75% Cash and 0.50% PIK), 9.25%, 03/09/30(c)
|
|
2,356
|
2,342,265
|
|
(7.13% Cash and 1.88% PIK), 13.75%, 09/09/30
|
|
308
|
287,854
|
|
|
|
|
28,027,466
|
|
Electric Utilities — 1.2%
|
|||
|
AES Andes SA, (5-year CMT + 3.84%), 8.15%,
06/10/55(a)(b)
|
|
200
|
209,650
|
|
Alpha Generation LLC, 6.75%, 10/15/32(b)(c)
|
|
299
|
303,375
|
|
California Buyer Ltd./Atlantica Sustainable Infrastructure
PLC, 6.38%, 02/15/32(b)
|
|
225
|
219,842
|
|
Constellation Energy Generation LLC(b)
|
|
|
|
|
4.63%, 02/01/29(c)
|
|
106
|
104,718
|
|
5.00%, 02/01/31
|
|
67
|
67,180
|
|
ContourGlobal Power Holdings SA, 6.75%, 02/28/30(b)
|
|
400
|
404,496
|
|
Enel Finance International NV, 3.63%, 05/25/27(b)(c)
|
|
900
|
892,123
|
|
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(f)
|
|
145
|
142,355
|
|
MVM Energetika Zrt, 7.50%, 06/09/28(f)
|
|
200
|
207,616
|
|
Pattern Energy Operations LP/Pattern Energy Operations,
Inc., 4.50%, 08/15/28(b)
|
|
84
|
82,022
|
|
Public Power Corp. SA, 4.63%, 10/31/31(f)
|
EUR
|
100
|
115,135
|
|
Talen Energy Supply LLC, 8.63%, 06/01/30(b)
|
USD
|
60
|
62,945
|
|
Texas Competitive Electric Holdings Co. LLC, 5.03%,
11/10/21(e)(k)
|
|
780
|
—
|
|
TransAlta Corp., 5.88%, 02/01/34
|
|
209
|
207,593
|
|
Vistra Operations Co. LLC(b)(c)
|
|
|
|
|
7.75%, 10/15/31
|
|
172
|
180,167
|
|
6.88%, 04/15/32
|
|
396
|
409,839
|
|
VoltaGrid LLC, 7.38%, 11/01/30(b)(c)
|
|
1,351
|
1,395,325
|
|
XPLR Infrastructure Operating Partners LP(b)
|
|
|
|
|
8.38%, 01/15/31(c)
|
|
547
|
575,827
|
|
8.63%, 03/15/33
|
|
135
|
142,617
|
|
7.75%, 04/15/34(c)
|
|
686
|
708,468
|
|
|
|
|
6,431,293
|
|
Electronic Equipment, Instruments & Components(b) — 0.4%
|
|||
|
Coherent Corp., 5.00%, 12/15/29(c)
|
|
300
|
294,247
|
|
Sensata Technologies BV, 4.00%, 04/15/29
|
|
168
|
162,113
|
|
Sensata Technologies, Inc.
|
|
|
|
|
4.38%, 02/15/30(c)
|
|
387
|
370,101
|
|
3.75%, 02/15/31
|
|
54
|
50,086
|
|
6.63%, 07/15/32(c)
|
|
227
|
231,536
|
|
WESCO Distribution, Inc.
|
|
|
|
|
5.25%, 04/15/31
|
|
194
|
192,842
|
|
6.63%, 03/15/32
|
|
149
|
152,506
|
|
6.38%, 03/15/33
|
|
93
|
94,745
|
|
5.50%, 04/15/34
|
|
308
|
303,334
|
|
Zebra Technologies Corp., 6.50%, 06/01/32
|
|
117
|
117,797
|
|
|
|
|
1,969,307
|
|
Energy Equipment & Services — 0.9%
|
|||
|
Archrock Partners LP/Archrock Partners Finance Corp.(b)(c)
|
|
|
|
|
6.25%, 04/01/28
|
|
291
|
291,000
|
|
6.63%, 09/01/32
|
|
501
|
510,847
|
|
Archrock Services LP/Archrock Partners Finance Corp.,
6.00%, 02/01/34(b)
|
|
296
|
293,059
|
|
Enerflex, Inc., 6.88%, 01/15/31(b)
|
|
38
|
38,799
|
|
Kodiak Gas Services LLC(b)
|
|
|
|
|
7.25%, 02/15/29(c)
|
|
566
|
586,407
|
|
5.88%, 04/01/31(c)
|
|
491
|
493,432
|
|
Security
|
|
Par
(000)
|
Value
|
|
Energy Equipment & Services (continued)
|
|||
|
Kodiak Gas Services LLC(b) (continued)
|
|
|
|
|
6.50%, 10/01/33
|
USD
|
318
|
$ 321,435
|
|
6.75%, 10/01/35(c)
|
|
298
|
302,742
|
|
Oceaneering International, Inc., 6.00%, 02/01/28
|
|
71
|
71,289
|
|
OEG Finance PLC, 7.25%, 09/27/29(f)
|
EUR
|
100
|
119,051
|
|
Star Holding LLC, 8.75%, 08/01/31(b)(c)
|
USD
|
256
|
259,721
|
|
Tidewater, Inc., 9.13%, 07/15/30(b)
|
|
206
|
219,458
|
|
USA Compression Partners LP/USA Compression Finance
Corp.(b)(c)
|
|
|
|
|
7.13%, 03/15/29
|
|
291
|
297,744
|
|
6.25%, 10/01/33
|
|
557
|
555,248
|
|
Weatherford International Ltd., 6.75%, 10/15/33(b)(c)
|
|
556
|
568,103
|
|
|
|
|
4,928,335
|
|
Entertainment — 1.9%
|
|||
|
Boyne USA, Inc., 4.75%, 05/15/29(b)
|
|
166
|
161,019
|
|
Brightstar Lottery PLC/Brightstar Global Solutions Corp.,
5.75%, 01/15/33(b)
|
|
227
|
220,661
|
|
Caesars Entertainment, Inc.(b)
|
|
|
|
|
4.63%, 10/15/29
|
|
268
|
257,788
|
|
7.00%, 02/15/30(c)
|
|
1,335
|
1,351,487
|
|
6.50%, 02/15/32(c)
|
|
547
|
540,632
|
|
Churchill Downs, Inc.(b)
|
|
|
|
|
4.75%, 01/15/28
|
|
137
|
135,153
|
|
5.75%, 04/01/30(c)
|
|
699
|
691,285
|
|
6.75%, 05/01/31
|
|
392
|
399,370
|
|
Cinemark USA, Inc., 7.00%, 08/01/32(b)
|
|
75
|
77,062
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.28%, 03/15/32
|
|
400
|
354,000
|
|
5.05%, 03/15/42(c)
|
|
1,180
|
777,391
|
|
Great Canadian Gaming Corp./Raptor LLC, 8.75%,
11/15/29(b)(c)
|
|
340
|
331,706
|
|
Light & Wonder International, Inc.(b)
|
|
|
|
|
7.25%, 11/15/29
|
|
51
|
51,989
|
|
7.50%, 09/01/31(c)
|
|
87
|
89,288
|
|
6.25%, 10/01/33
|
|
135
|
132,258
|
|
Live Nation Entertainment, Inc., 4.75%, 10/15/27(b)(c)
|
|
157
|
156,024
|
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%,
02/15/31(b)(c)
|
|
400
|
333,829
|
|
Midwest Gaming Borrower LLC/Midwest Gaming Finance
Corp., 4.88%, 05/01/29(b)
|
|
72
|
69,827
|
|
Mohegan Tribal Gaming Authority/MS Digital Entertainment
Holdings LLC, 8.25%, 04/15/30(b)
|
|
250
|
255,933
|
|
Odeon Finco PLC, 12.75%, 11/01/27(b)
|
|
200
|
205,866
|
|
Pinewood Finco PLC, 6.00%, 03/27/30(f)
|
GBP
|
100
|
129,131
|
|
Premier Entertainment Sub LLC/Premier Entertainment
Finance Corp.(b)
|
|
|
|
|
5.63%, 09/01/29
|
USD
|
116
|
70,760
|
|
5.88%, 09/01/31
|
|
166
|
91,300
|
|
Rivers Enterprise Borrower LLC, 6.25%, 10/15/30(b)
|
|
140
|
139,647
|
|
Rivers Enterprise Borrower LLC/Rivers Enterprise Finance
Corp., 6.63%, 02/01/33(b)
|
|
166
|
164,750
|
|
Scientific Games Holdings LP/Scientific Games
U.S. FinCo, Inc., 6.63%, 03/01/30(b)(c)
|
|
190
|
163,452
|
|
Six Flags Entertainment Corp/Canada’s Wonderland
Co/Millennium Operations LLC, 8.63%, 01/15/32(b)
|
|
110
|
110,177
|
|
Starz Capital Holdings 1, Inc., 6.00%, 04/15/30(b)
|
|
232
|
212,860
|
|
Vail Resorts, Inc.(b)
|
|
|
|
|
5.63%, 07/15/30
|
|
189
|
187,437
|
|
6.50%, 05/15/32(c)
|
|
329
|
332,708
|
|
Voyager Parent LLC, 9.25%, 07/01/32(b)
|
|
304
|
315,617
|
|
Security
|
|
Par
(000)
|
Value
|
|
Entertainment (continued)
|
|||
|
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(b)
|
|
|
|
|
5.13%, 10/01/29(c)
|
USD
|
513
|
$ 506,367
|
|
7.13%, 02/15/31(c)
|
|
463
|
485,337
|
|
6.25%, 03/15/33
|
|
190
|
188,024
|
|
|
|
|
9,690,135
|
|
Environmental, Maintenance & Security Service — 0.9%
|
|||
|
Biffa Group Holdings Ltd., 5.25%, 06/15/31(f)
|
EUR
|
100
|
111,815
|
|
GFL Environmental Holdings U.S., Inc., 5.50%,
02/01/34(b)(c)
|
USD
|
458
|
449,205
|
|
GFL Environmental, Inc.(b)
|
|
|
|
|
4.00%, 08/01/28(c)
|
|
121
|
117,627
|
|
4.75%, 06/15/29
|
|
237
|
232,533
|
|
4.38%, 08/15/29(c)
|
|
405
|
394,034
|
|
6.75%, 01/15/31(c)
|
|
254
|
262,846
|
|
Luna 15 SARL(i)
|
|
|
|
|
(10.50% PIK), 10.50%, 07/01/32(b)
|
EUR
|
200
|
245,040
|
|
(10.50% PIK), 10.50%, 07/01/32(f)
|
|
100
|
122,520
|
|
Madison IAQ LLC(b)
|
|
|
|
|
4.13%, 06/30/28
|
USD
|
240
|
234,382
|
|
5.88%, 06/30/29(c)
|
|
554
|
543,285
|
|
Paprec Holding SA, 4.13%, 07/15/30(f)
|
EUR
|
100
|
113,348
|
|
Republic Services, Inc., 3.38%, 11/15/27(c)
|
USD
|
750
|
740,352
|
|
Reworld Holding Corp., 4.88%, 12/01/29(b)
|
|
142
|
133,120
|
|
Waste Pro USA, Inc., 7.00%, 02/01/33(b)(c)
|
|
941
|
951,587
|
|
|
|
|
4,651,694
|
|
Financial Services — 3.4%
|
|||
|
Ally Financial, Inc., Series B, (5-year CMT + 3.87%),
4.70%(a)(c)(j)
|
|
2,000
|
1,981,332
|
|
Azorra Finance Ltd.(b)
|
|
|
|
|
7.75%, 04/15/30
|
|
174
|
179,345
|
|
7.25%, 01/15/31
|
|
114
|
115,105
|
|
6.25%, 02/15/34
|
|
115
|
106,885
|
|
CrossCountry Intermediate HoldCo LLC(b)
|
|
|
|
|
6.50%, 10/01/30
|
|
77
|
73,392
|
|
6.75%, 12/01/32
|
|
52
|
48,929
|
|
Deutsche Bank AG, (1-day SOFR + 3.18%), 6.72%,
01/18/29(a)(c)
|
|
1,100
|
1,139,650
|
|
Freedom Mortgage Holdings LLC(b)
|
|
|
|
|
6.88%, 05/01/31
|
|
69
|
64,509
|
|
9.13%, 05/15/31
|
|
200
|
203,300
|
|
8.38%, 04/01/32
|
|
33
|
32,462
|
|
Garfunkelux Holdco 3 SA, 9.00%, 09/01/28(f)
|
EUR
|
46
|
53,437
|
|
GGAM Finance Ltd.(b)
|
|
|
|
|
8.00%, 06/15/28
|
USD
|
150
|
155,678
|
|
6.88%, 04/15/29
|
|
205
|
209,560
|
|
5.88%, 03/15/30
|
|
117
|
116,561
|
|
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27(b)
|
|
359
|
364,277
|
|
Intrum Investments And Financing AB, 8.00%, 09/11/27(f)
|
EUR
|
100
|
114,906
|
|
JPMorgan Chase & Co., (1-day SOFR + 1.13%), 5.00%,
07/22/30(a)(c)
|
USD
|
2,600
|
2,636,912
|
|
Midcap Financial Issuer Trust(b)(c)
|
|
|
|
|
6.50%, 05/01/28
|
|
200
|
194,077
|
|
5.63%, 01/15/30
|
|
400
|
372,744
|
|
Morgan Stanley, (1-day SOFR + 1.26%), 5.66%,
04/18/30(a)(c)
|
|
2,600
|
2,674,675
|
|
PennyMac Financial Services, Inc.(b)
|
|
|
|
|
7.88%, 12/15/29(c)
|
|
258
|
263,925
|
|
7.13%, 11/15/30(c)
|
|
148
|
147,079
|
|
6.88%, 05/15/32
|
|
277
|
267,303
|
|
6.75%, 02/15/34
|
|
138
|
129,146
|
|
Phoenix Aviation Capital Ltd., 9.25%, 07/15/30(b)(c)
|
|
625
|
628,931
|
|
Security
|
|
Par
(000)
|
Value
|
|
Financial Services (continued)
|
|||
|
PRA Group Europe Holding II SARL, 6.25%, 09/30/32(f)
|
EUR
|
100
|
$ 109,320
|
|
Rocket Cos., Inc.(b)(c)
|
|
|
|
|
6.50%, 08/01/29
|
USD
|
409
|
413,603
|
|
6.13%, 08/01/30
|
|
1,004
|
1,013,264
|
|
7.13%, 02/01/32
|
|
655
|
675,130
|
|
6.38%, 08/01/33
|
|
906
|
915,734
|
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.(b)
|
|
|
|
|
2.88%, 10/15/26(c)
|
|
471
|
465,905
|
|
3.88%, 03/01/31
|
|
49
|
45,216
|
|
4.00%, 10/15/33
|
|
28
|
25,098
|
|
Titanium 2l Bondco SARL, (6.25% PIK), 6.25%, 01/14/31(i)
|
EUR
|
100
|
16,760
|
|
UBS AG, 5.00%, 07/09/27(c)
|
USD
|
1,200
|
1,210,556
|
|
UWM Holdings LLC(b)
|
|
|
|
|
6.63%, 02/01/30(c)
|
|
256
|
241,452
|
|
6.25%, 03/15/31
|
|
268
|
244,064
|
|
|
|
|
17,650,222
|
|
Food Products — 1.2%
|
|||
|
Aramark Services, Inc., 5.00%, 02/01/28(b)
|
|
194
|
192,855
|
|
B&G Foods, Inc., 8.00%, 09/15/28(b)
|
|
89
|
87,639
|
|
Chobani Holdco II LLC, (8.75% in Cash or 9.50% in PIK),
8.75%, 10/01/29(b)(c)(i)
|
|
1,232
|
1,310,351
|
|
Chobani LLC/Chobani Finance Corp., Inc.(b)(c)
|
|
|
|
|
4.63%, 11/15/28
|
|
457
|
449,243
|
|
7.63%, 07/01/29
|
|
1,323
|
1,351,917
|
|
Darling Global Finance BV
|
|
|
|
|
4.50%, 07/15/32(b)
|
EUR
|
180
|
207,026
|
|
4.50%, 07/15/32(f)
|
|
100
|
115,014
|
|
Darling Ingredients, Inc., 6.00%, 06/15/30(b)(c)
|
USD
|
249
|
250,740
|
|
Elior Group SA, 5.63%, 03/15/30(f)
|
EUR
|
100
|
116,660
|
|
Fiesta Purchaser, Inc.(b)
|
|
|
|
|
7.88%, 03/01/31
|
USD
|
19
|
19,343
|
|
9.63%, 09/15/32
|
|
91
|
92,681
|
|
Froneri Lux FinCo SARL, 4.75%, 08/01/32(f)
|
EUR
|
100
|
109,185
|
|
Irca SpA, (3-mo. EURIBOR + 3.75%), 5.90%, 12/15/29(a)(f)
|
|
100
|
115,768
|
|
Lamb Weston Holdings, Inc.(b)(c)
|
|
|
|
|
4.88%, 05/15/28
|
USD
|
257
|
253,984
|
|
4.13%, 01/31/30
|
|
312
|
297,039
|
|
4.38%, 01/31/32
|
|
200
|
185,790
|
|
Post Holdings, Inc.(b)
|
|
|
|
|
4.63%, 04/15/30(c)
|
|
118
|
113,280
|
|
4.50%, 09/15/31
|
|
32
|
29,754
|
|
6.25%, 02/15/32
|
|
102
|
103,054
|
|
6.38%, 03/01/33
|
|
71
|
69,945
|
|
6.25%, 10/15/34
|
|
349
|
341,743
|
|
6.50%, 03/15/36(c)
|
|
470
|
460,281
|
|
|
|
|
6,273,292
|
|
Ground Transportation — 0.4%
|
|||
|
Genesee & Wyoming, Inc., 6.25%, 04/15/32(b)
|
|
290
|
293,466
|
|
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(b)(c)
|
|
1,118
|
1,140,208
|
|
Union Pacific Corp., 3.20%, 05/20/41(c)
|
|
600
|
461,654
|
|
Watco Cos. LLC/Watco Finance Corp., 7.13%, 08/01/32(b)
|
|
216
|
221,835
|
|
|
|
|
2,117,163
|
|
Health Care Equipment & Supplies(b) — 0.8%
|
|||
|
Avantor Funding, Inc.
|
|
|
|
|
4.63%, 07/15/28(c)
|
|
417
|
406,998
|
|
3.88%, 11/01/29
|
|
209
|
196,082
|
|
Bausch & Lomb Corp., 8.38%, 10/01/28(c)
|
|
1,333
|
1,376,322
|
|
Hologic, Inc., 3.25%, 02/15/29
|
|
14
|
13,976
|
|
Insulet Corp., 6.50%, 04/01/33
|
|
192
|
195,975
|
|
Medline Borrower LP, 5.25%, 10/01/29(c)
|
|
1,280
|
1,268,727
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Equipment & Supplies (continued)
|
|||
|
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%,
04/01/29(c)
|
USD
|
637
|
$ 649,092
|
|
Neogen Food Safety Corp., 8.63%, 07/20/30
|
|
184
|
193,260
|
|
|
|
|
4,300,432
|
|
Health Care Providers & Services — 2.4%
|
|||
|
Acadia Healthcare Co., Inc., 7.38%, 03/15/33(b)(c)
|
|
123
|
125,930
|
|
AHP Health Partners, Inc., 5.75%, 07/15/29(b)(c)
|
|
345
|
341,179
|
|
Charles River Laboratories International, Inc., 4.00%,
03/15/31(b)
|
|
42
|
39,072
|
|
CHS/Community Health Systems, Inc.(b)(c)
|
|
|
|
|
5.25%, 05/15/30
|
|
740
|
697,437
|
|
4.75%, 02/15/31
|
|
411
|
378,911
|
|
10.88%, 01/15/32
|
|
286
|
306,838
|
|
9.75%, 01/15/34
|
|
1,476
|
1,531,893
|
|
Concentra Health Services, Inc., 6.88%, 07/15/32(b)
|
|
340
|
351,514
|
|
DaVita, Inc.(b)
|
|
|
|
|
6.88%, 09/01/32
|
|
93
|
95,272
|
|
6.75%, 07/15/33
|
|
57
|
57,978
|
|
Elevance Health, Inc., 3.65%, 12/01/27(c)
|
|
1,000
|
988,514
|
|
Ephios Subco 3 SARL, 7.88%, 01/31/31(f)
|
EUR
|
100
|
121,049
|
|
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)
|
USD
|
76
|
72,025
|
|
HAH Group Holding Co. LLC, 9.75%, 10/01/31(b)
|
|
154
|
134,914
|
|
HCA, Inc., 5.50%, 06/15/47(c)
|
|
650
|
595,628
|
|
HealthEquity, Inc., 4.50%, 10/01/29(b)(c)
|
|
615
|
595,004
|
|
IQVIA, Inc., 6.25%, 06/01/32(b)(c)
|
|
556
|
564,613
|
|
LifePoint Health, Inc.(b)
|
|
|
|
|
9.88%, 08/15/30(c)
|
|
129
|
136,419
|
|
11.00%, 10/15/30(c)
|
|
582
|
625,924
|
|
8.38%, 02/15/32
|
|
228
|
243,486
|
|
10.00%, 06/01/32(c)
|
|
282
|
287,987
|
|
Molina Healthcare, Inc.(b)
|
|
|
|
|
3.88%, 11/15/30
|
|
197
|
176,124
|
|
6.50%, 02/15/31
|
|
324
|
318,526
|
|
6.25%, 01/15/33
|
|
41
|
39,753
|
|
Option Care Health, Inc., 4.38%, 10/31/29(b)(c)
|
|
245
|
236,131
|
|
Prime Healthcare Services, Inc., 9.38%, 09/01/29(b)
|
|
118
|
122,366
|
|
Sotera Health Holdings LLC, 7.38%, 06/01/31(b)
|
|
196
|
202,463
|
|
Star Parent, Inc., 9.00%, 10/01/30(b)(c)
|
|
744
|
770,785
|
|
Surgery Center Holdings, Inc., 7.25%, 04/15/32(b)(c)
|
|
878
|
862,348
|
|
Tenet Healthcare Corp.
|
|
|
|
|
6.13%, 06/15/30(c)
|
|
250
|
251,625
|
|
6.75%, 05/15/31(c)
|
|
451
|
460,982
|
|
5.50%, 11/15/32(b)
|
|
175
|
173,386
|
|
6.00%, 11/15/33(b)(c)
|
|
275
|
278,258
|
|
U.S. Acute Care Solutions LLC, 9.75%, 05/15/29(b)(c)
|
|
284
|
274,358
|
|
|
|
|
12,458,692
|
|
Health Care REITs — 0.5%
|
|||
|
Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50(c)
|
|
450
|
330,993
|
|
Diversified Healthcare Trust, 7.25%, 10/15/30(b)
|
|
133
|
134,143
|
|
Healthpeak OP LLC, 2.88%, 01/15/31(c)
|
|
1,000
|
917,437
|
|
MPT Operating Partnership LP/MPT Finance Corp.
|
|
|
|
|
7.00%, 02/15/32(b)
|
EUR
|
260
|
295,747
|
|
7.00%, 02/15/32(f)
|
|
100
|
113,749
|
|
8.50%, 02/15/32(b)(c)
|
USD
|
819
|
830,312
|
|
|
|
|
2,622,381
|
|
Hotel & Resort REITs — 0.7%
|
|||
|
Park Intermediate Holdings LLC/PK Domestic Property
LLC/PK Finance Co-Issuer, 7.00%, 02/01/30(b)
|
|
224
|
226,743
|
|
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%,
10/15/29(b)
|
|
123
|
123,223
|
|
Security
|
|
Par
(000)
|
Value
|
|
Hotel & Resort REITs (continued)
|
|||
|
RHP Hotel Properties LP/RHP Finance Corp.(b)
|
|
|
|
|
4.50%, 02/15/29(c)
|
USD
|
302
|
$ 292,758
|
|
6.50%, 04/01/32(c)
|
|
342
|
348,196
|
|
6.50%, 06/15/33
|
|
250
|
254,569
|
|
5.75%, 03/15/34(c)
|
|
535
|
527,967
|
|
Service Properties Trust
|
|
|
|
|
0.00%, 09/30/28(b)(m)
|
|
261
|
237,456
|
|
8.63%, 11/15/31(b)(c)
|
|
1,418
|
1,480,849
|
|
8.88%, 06/15/32(c)
|
|
213
|
211,112
|
|
XHR LP, 6.63%, 05/15/30(b)
|
|
121
|
122,162
|
|
|
|
|
3,825,035
|
|
Hotels, Restaurants & Leisure — 0.9%
|
|||
|
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc.(b)
|
|
|
|
|
3.88%, 01/15/28
|
|
108
|
105,568
|
|
4.38%, 01/15/28(c)
|
|
134
|
132,123
|
|
5.63%, 09/15/29
|
|
129
|
129,281
|
|
4.00%, 10/15/30(c)
|
|
351
|
329,914
|
|
Fertitta Entertainment LLC/Fertitta Entertainment Finance
Co., Inc.(b)(c)
|
|
|
|
|
4.63%, 01/15/29
|
|
436
|
416,697
|
|
6.75%, 01/15/30
|
|
136
|
127,031
|
|
Hilton Domestic Operating Co., Inc.(b)
|
|
|
|
|
6.13%, 04/01/32
|
|
226
|
229,391
|
|
5.88%, 03/15/33(c)
|
|
152
|
152,928
|
|
5.75%, 09/15/33
|
|
49
|
48,779
|
|
5.50%, 03/31/34
|
|
242
|
236,428
|
|
MajorDrive Holdings IV LLC, 6.38%, 06/01/29(b)(c)
|
|
267
|
197,491
|
|
Melco Resorts Finance Ltd., 7.63%, 04/17/32(b)(c)
|
|
461
|
468,023
|
|
MGM Resorts International, 6.13%, 09/15/29(c)
|
|
260
|
261,540
|
|
Station Casinos LLC(b)
|
|
|
|
|
4.63%, 12/01/31
|
|
172
|
160,595
|
|
6.63%, 03/15/32
|
|
99
|
99,384
|
|
Wyndham Hotels & Resorts, Inc., 5.63%, 03/01/33(b)
|
|
143
|
140,709
|
|
Wynn Macau Ltd.(b)(c)
|
|
|
|
|
5.63%, 08/26/28
|
|
1,000
|
982,962
|
|
5.13%, 12/15/29
|
|
410
|
391,980
|
|
|
|
|
4,610,824
|
|
Household Durables — 0.8%
|
|||
|
Ashton Woods USA LLC/Ashton Woods Finance Co.(b)
|
|
|
|
|
4.63%, 08/01/29
|
|
100
|
94,472
|
|
4.63%, 04/01/30
|
|
145
|
134,579
|
|
6.88%, 08/01/33
|
|
138
|
133,133
|
|
Beazer Homes USA, Inc., 5.88%, 10/15/27
|
|
54
|
53,739
|
|
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC(b)
|
|
|
|
|
5.00%, 06/15/29
|
|
208
|
197,349
|
|
4.88%, 02/15/30(c)
|
|
682
|
626,166
|
|
Century Communities, Inc., 6.63%, 09/15/33(b)(c)
|
|
173
|
169,479
|
|
Dream Finders Homes, Inc., 8.25%, 08/15/28(b)
|
|
115
|
116,851
|
|
Empire Communities Corp., 9.75%, 05/01/29(b)
|
|
51
|
51,209
|
|
Installed Building Products, Inc., 5.63%, 02/01/34(b)
|
|
214
|
208,820
|
|
K Hovnanian Enterprises, Inc.(b)
|
|
|
|
|
8.00%, 04/01/31
|
|
331
|
327,255
|
|
8.38%, 10/01/33
|
|
305
|
301,612
|
|
LGI Homes, Inc.(b)
|
|
|
|
|
8.75%, 12/15/28
|
|
89
|
91,059
|
|
7.00%, 11/15/32
|
|
161
|
149,283
|
|
Mattamy Group Corp., 6.00%, 12/15/33(b)
|
|
68
|
63,856
|
|
Meritage Homes Corp., 1.75%, 05/15/28(c)(l)
|
|
390
|
375,570
|
|
Security
|
|
Par
(000)
|
Value
|
|
Household Durables (continued)
|
|||
|
Newell Brands, Inc.
|
|
|
|
|
8.50%, 06/01/28(b)
|
USD
|
215
|
$ 221,923
|
|
6.63%, 09/15/29
|
|
58
|
56,613
|
|
6.38%, 05/15/30
|
|
74
|
71,034
|
|
6.63%, 05/15/32
|
|
104
|
99,526
|
|
Risewell Homes, Inc.(b)
|
|
|
|
|
9.25%, 10/01/29
|
|
224
|
226,273
|
|
8.50%, 11/01/30
|
|
57
|
55,736
|
|
Somnigroup International, Inc.(b)
|
|
|
|
|
4.00%, 04/15/29
|
|
204
|
196,177
|
|
3.88%, 10/15/31
|
|
48
|
43,639
|
|
STL Holding Co. LLC, 8.75%, 02/15/29(b)
|
|
120
|
123,976
|
|
SWF Holdings I Corp., 6.50%, 10/06/29(b)
|
|
210
|
75,456
|
|
Taylor Morrison Communities, Inc., 5.75%, 11/15/32(b)
|
|
103
|
103,090
|
|
|
|
|
4,367,875
|
|
Household Products — 0.0%
|
|||
|
Berkline Benchcraft LLC, (4.50% PIK), 4.50%,
06/01/22(a)(e)(i)(k)
|
|
200
|
—
|
|
Independent Power and Renewable Electricity Producers(b) — 0.9%
|
|||
|
Clearway Energy Operating LLC(c)
|
|
|
|
|
4.75%, 03/15/28
|
|
279
|
275,277
|
|
3.75%, 01/15/32
|
|
155
|
141,292
|
|
Lightning Power LLC, 7.25%, 08/15/32
|
|
92
|
95,632
|
|
NRG Energy, Inc.
|
|
|
|
|
5.75%, 07/15/29
|
|
209
|
208,688
|
|
6.00%, 02/01/33(c)
|
|
808
|
808,206
|
|
5.75%, 01/15/34(c)
|
|
604
|
595,800
|
|
6.25%, 11/01/34(c)
|
|
268
|
270,137
|
|
6.00%, 01/15/36(c)
|
|
1,609
|
1,594,369
|
|
Vistra Corp., (5-year CMT + 6.93%), 8.00%(a)(j)
|
|
181
|
182,919
|
|
XPLR Infrastructure LP, 2.50%, 06/15/26(c)(l)
|
|
632
|
625,680
|
|
|
|
|
4,798,000
|
|
Industrial Conglomerates — 0.1%
|
|||
|
Amsted Industries, Inc., 6.38%, 03/15/33(b)
|
|
125
|
125,619
|
|
Avient Corp., 6.25%, 11/01/31(b)
|
|
158
|
159,104
|
|
Axon Enterprise, Inc., 6.25%, 03/15/33(b)
|
|
105
|
107,178
|
|
Enpro, Inc., 6.13%, 06/01/33(b)
|
|
161
|
162,846
|
|
Maxam Prill SARL, 6.00%, 07/15/30(f)
|
EUR
|
100
|
114,227
|
|
|
|
|
668,974
|
|
Insurance — 4.5%
|
|||
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-
Issuer(b)
|
|
|
|
|
4.25%, 10/15/27(c)
|
USD
|
627
|
614,496
|
|
6.75%, 10/15/27(c)
|
|
195
|
194,851
|
|
6.75%, 04/15/28(c)
|
|
282
|
283,537
|
|
5.88%, 11/01/29(c)
|
|
799
|
773,056
|
|
7.00%, 01/15/31(c)
|
|
1,048
|
1,056,921
|
|
6.50%, 10/01/31
|
|
40
|
39,278
|
|
7.38%, 10/01/32(c)
|
|
860
|
851,788
|
|
AmWINS Group, Inc., 6.38%, 02/15/29(b)
|
|
100
|
100,579
|
|
Amynta Agency Borrower, Inc. and Amynta Warranty
Borrower, Inc., 7.50%, 07/15/33(b)
|
|
337
|
319,590
|
|
APH Somerset Investor 2 LLC/APH2 Somerset Investor
2 LLC/APH3 Somerset Investor 2 LLC, 7.88%,
11/01/29(b)
|
|
263
|
237,823
|
|
Ardonagh Finco Ltd.
|
|
|
|
|
6.88%, 02/15/31(f)
|
EUR
|
330
|
378,799
|
|
7.75%, 02/15/31(b)(c)
|
USD
|
1,395
|
1,411,345
|
|
Ardonagh Group Finance Ltd., 8.88%, 02/15/32(b)(c)
|
|
1,487
|
1,456,907
|
|
Asurion LLC/Asurion Co-Issuer, Inc.(b)(c)
|
|
|
|
|
8.00%, 12/31/32
|
|
924
|
958,602
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
Asurion LLC/Asurion Co-Issuer, Inc.(b)(c) (continued)
|
|
|
|
|
8.38%, 02/01/34
|
USD
|
822
|
$ 798,049
|
|
Howden U.K. Refinance PLC/Howden U.K. Refinance
2 PLC/Howden U.S. Refinance LLC(b)(c)
|
|
|
|
|
7.25%, 02/15/31
|
|
1,600
|
1,613,474
|
|
8.13%, 02/15/32
|
|
548
|
513,448
|
|
HUB International Ltd.(b)(c)
|
|
|
|
|
7.25%, 06/15/30
|
|
2,764
|
2,831,453
|
|
7.38%, 01/31/32
|
|
4,326
|
4,412,360
|
|
Jones Deslauriers Insurance Management, Inc.(b)
|
|
|
|
|
8.50%, 03/15/30(c)
|
|
747
|
759,272
|
|
6.88%, 10/01/33
|
|
307
|
280,850
|
|
Panther Escrow Issuer LLC, 7.13%, 06/01/31(b)(c)
|
|
2,465
|
2,473,280
|
|
Ryan Specialty LLC(b)
|
|
|
|
|
4.38%, 02/01/30
|
|
125
|
121,096
|
|
5.88%, 08/01/32
|
|
232
|
229,300
|
|
Unipol Assicurazioni SpA, 4.90%, 05/23/34(f)
|
EUR
|
100
|
118,189
|
|
USI, Inc., 7.50%, 01/15/32(b)(c)
|
USD
|
555
|
562,303
|
|
|
|
|
23,390,646
|
|
Interactive Media & Services — 1.4%
|
|||
|
Beignet Investor LLC, 6.58%, 05/30/49(b)(c)
|
|
5,642
|
5,800,855
|
|
iliad SA(f)
|
|
|
|
|
5.63%, 02/15/30
|
EUR
|
100
|
121,011
|
|
4.25%, 01/09/32
|
|
100
|
113,184
|
|
ION Platform Finance U.S., Inc./ION Platform Finance
SARL(b)
|
|
|
|
|
4.63%, 05/01/28
|
USD
|
122
|
113,767
|
|
5.00%, 05/01/28(c)
|
|
373
|
348,400
|
|
8.75%, 05/01/29
|
|
217
|
201,800
|
|
Snap, Inc.(b)
|
|
|
|
|
6.88%, 03/01/33(c)
|
|
347
|
327,662
|
|
6.88%, 03/15/34
|
|
235
|
221,034
|
|
|
|
|
7,247,713
|
|
Internet Software & Services(b) — 0.3%
|
|||
|
Getty Images, Inc.
|
|
|
|
|
11.25%, 02/21/30
|
|
230
|
207,136
|
|
10.50%, 11/15/30
|
|
118
|
105,825
|
|
Match Group Holdings II LLC
|
|
|
|
|
4.63%, 06/01/28
|
|
157
|
153,489
|
|
4.13%, 08/01/30
|
|
198
|
183,493
|
|
3.63%, 10/01/31(c)
|
|
200
|
177,817
|
|
6.13%, 09/15/33
|
|
260
|
252,671
|
|
Rakuten Group, Inc.
|
|
|
|
|
11.25%, 02/15/27
|
|
214
|
221,493
|
|
9.75%, 04/15/29(c)
|
|
361
|
384,681
|
|
|
|
|
1,686,605
|
|
IT Services — 0.6%
|
|||
|
Almaviva-The Italian Innovation Co. SpA, 5.00%,
10/30/30(f)
|
EUR
|
100
|
109,533
|
|
Amentum Holdings, Inc., 7.25%, 08/01/32(b)(c)
|
USD
|
87
|
90,029
|
|
Atos SE, 9.73%, 12/18/29(f)(n)
|
EUR
|
36
|
47,278
|
|
CACI International, Inc., 6.38%, 06/15/33(b)
|
USD
|
328
|
333,880
|
|
CoreWeave, Inc., 9.25%, 06/01/30(b)(c)
|
|
347
|
337,166
|
|
Fair Isaac Corp.(b)
|
|
|
|
|
4.00%, 06/15/28
|
|
354
|
343,530
|
|
6.00%, 05/15/33(c)
|
|
783
|
768,296
|
|
Fortress Intermediate 3, Inc., 7.50%, 06/01/31(b)(c)
|
|
374
|
371,699
|
|
McAfee Corp., 7.38%, 02/15/30(b)(c)
|
|
305
|
251,988
|
|
Security
|
|
Par
(000)
|
Value
|
|
IT Services (continued)
|
|||
|
Science Applications International Corp.(b)
|
|
|
|
|
4.88%, 04/01/28(c)
|
USD
|
113
|
$ 111,206
|
|
5.88%, 11/01/33
|
|
235
|
229,330
|
|
|
|
|
2,993,935
|
|
Leisure Products — 0.9%
|
|||
|
Acushnet Co., 5.63%, 12/01/33(b)
|
|
105
|
104,188
|
|
Carnival Corp.(b)
|
|
|
|
|
5.88%, 06/15/31
|
|
227
|
229,790
|
|
5.75%, 08/01/32(c)
|
|
180
|
179,941
|
|
6.13%, 02/15/33(c)
|
|
649
|
655,506
|
|
Carnival PLC, 4.13%, 07/15/31(b)
|
EUR
|
195
|
219,450
|
|
Deuce Finco PLC, 7.00%, 11/20/31(f)
|
GBP
|
100
|
130,338
|
|
Lindblad Expeditions LLC, 7.00%, 09/15/30(b)
|
USD
|
321
|
327,738
|
|
NCL Corp. Ltd.(b)(c)
|
|
|
|
|
5.88%, 01/15/31
|
|
56
|
54,408
|
|
6.75%, 02/01/32
|
|
92
|
91,302
|
|
6.25%, 09/15/33
|
|
638
|
619,076
|
|
Sabre Financial Borrower LLC, 11.13%, 06/15/29(b)(c)
|
|
738
|
755,212
|
|
TUI AG, 5.88%, 03/15/29(f)
|
EUR
|
100
|
115,166
|
|
Viking Cruises Ltd.(b)
|
|
|
|
|
7.00%, 02/15/29
|
USD
|
51
|
51,094
|
|
9.13%, 07/15/31(c)
|
|
549
|
579,165
|
|
5.88%, 10/15/33(c)
|
|
536
|
529,199
|
|
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29(b)
|
|
162
|
161,755
|
|
|
|
|
4,803,328
|
|
Machinery — 0.6%
|
|||
|
ATS Corp., 4.13%, 12/15/28(b)
|
|
108
|
104,082
|
|
Chart Industries, Inc.(b)
|
|
|
|
|
7.50%, 01/01/30(c)
|
|
436
|
452,964
|
|
9.50%, 01/01/31
|
|
79
|
82,989
|
|
Columbus McKinnon Corp., 7.13%, 02/01/33(b)
|
|
200
|
199,908
|
|
Esab Corp.(b)
|
|
|
|
|
6.25%, 04/15/29
|
|
266
|
269,963
|
|
5.63%, 04/01/31
|
|
518
|
521,631
|
|
GrafTech Global Enterprises, Inc., 9.88%, 12/23/29(b)(c)
|
|
145
|
92,611
|
|
IMA Industria Macchine Automatiche SpA, (3-mo.
EURIBOR + 3.75%), 5.77%, 04/15/29(a)(f)
|
EUR
|
100
|
115,599
|
|
King U.S. Bidco, Inc., (3-mo. EURIBOR + 3.25%), 5.31%,
12/01/32(a)(f)
|
|
100
|
115,019
|
|
Lsf12 Helix Parent LLC, 7.13%, 02/01/33(b)
|
USD
|
379
|
364,752
|
|
Manitowoc Co., Inc., 9.25%, 10/01/31(b)
|
|
137
|
143,066
|
|
Terex Corp.(b)(c)
|
|
|
|
|
5.00%, 05/15/29
|
|
65
|
64,038
|
|
6.25%, 10/15/32
|
|
172
|
173,121
|
|
TK Elevator Midco GmbH, 4.38%, 07/15/27(f)
|
EUR
|
59
|
67,894
|
|
TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27(b)(c)
|
USD
|
292
|
291,237
|
|
Vertiv Group Corp., 4.13%, 11/15/28(b)
|
|
312
|
307,250
|
|
|
|
|
3,366,124
|
|
Media — 3.6%
|
|||
|
Block Communications, Inc., 10.25%, 03/01/31(b)
|
|
80
|
73,195
|
|
Cable One, Inc., 1.13%, 03/15/28(l)
|
|
777
|
584,304
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
5.38%, 06/01/29(b)
|
|
57
|
56,216
|
|
6.38%, 09/01/29(b)(c)
|
|
1,282
|
1,285,934
|
|
4.75%, 03/01/30(b)(c)
|
|
179
|
169,848
|
|
4.25%, 02/01/31(b)(c)
|
|
881
|
802,992
|
|
4.75%, 02/01/32(b)(c)
|
|
392
|
354,433
|
|
4.50%, 05/01/32(c)
|
|
21
|
18,759
|
|
Security
|
|
Par
(000)
|
Value
|
|
Media (continued)
|
|||
|
CCO Holdings LLC/CCO Holdings Capital
Corp. (continued)
|
|
|
|
|
7.00%, 02/01/33(b)(c)
|
USD
|
314
|
$ 314,865
|
|
4.50%, 06/01/33(b)(c)
|
|
391
|
340,414
|
|
4.25%, 01/15/34(b)(c)
|
|
758
|
648,464
|
|
7.38%, 02/01/36(b)(c)
|
|
925
|
921,158
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital, 5.38%, 05/01/47(c)
|
|
425
|
341,993
|
|
CSC Holdings LLC(b)
|
|
|
|
|
5.50%, 04/15/27
|
|
600
|
520,436
|
|
5.38%, 02/01/28
|
|
600
|
443,731
|
|
11.25%, 05/15/28
|
|
600
|
490,286
|
|
11.75%, 01/31/29
|
|
400
|
289,258
|
|
Directv Financing LLC, 8.88%, 02/01/30(b)(c)
|
|
484
|
482,923
|
|
Directv Financing LLC/Directv Financing Co-Obligor,
Inc.(b)(c)
|
|
|
|
|
5.88%, 08/15/27
|
|
366
|
365,614
|
|
10.00%, 02/15/31
|
|
1,089
|
1,111,683
|
|
Discovery Communications LLC, 3.95%, 03/20/28
|
|
236
|
231,209
|
|
DISH DBS Corp.(b)
|
|
|
|
|
5.25%, 12/01/26
|
|
1,212
|
1,201,605
|
|
5.75%, 12/01/28(c)
|
|
934
|
903,358
|
|
DISH Network Corp., 11.75%, 11/15/27(b)
|
|
1,301
|
1,340,349
|
|
Gray Media, Inc.(b)(c)
|
|
|
|
|
10.50%, 07/15/29
|
|
226
|
240,159
|
|
9.63%, 07/15/32
|
|
572
|
571,964
|
|
7.25%, 08/15/33
|
|
545
|
549,181
|
|
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(b)
|
|
560
|
373,624
|
|
Midcontinent Communications, 8.00%, 08/15/32(b)
|
|
160
|
149,016
|
|
Sinclair Television Group, Inc., 8.13%, 02/15/33(b)(c)
|
|
655
|
665,850
|
|
Sirius XM Radio LLC(b)(c)
|
|
|
|
|
5.00%, 08/01/27
|
|
477
|
476,334
|
|
4.00%, 07/15/28
|
|
97
|
93,630
|
|
Sunrise FinCo I BV
|
|
|
|
|
4.88%, 07/15/31(b)(c)
|
|
249
|
237,058
|
|
4.63%, 05/15/32(f)
|
EUR
|
100
|
112,937
|
|
Univision Communications, Inc.(b)
|
|
|
|
|
8.00%, 08/15/28(c)
|
USD
|
682
|
692,225
|
|
8.50%, 07/31/31(c)
|
|
666
|
669,250
|
|
9.38%, 08/01/32
|
|
172
|
177,266
|
|
Versant Media Group, Inc., 7.25%, 01/30/31(b)
|
|
112
|
114,621
|
|
VZ Secured Financing BV, 5.25%, 01/15/33(f)
|
EUR
|
100
|
106,559
|
|
Ziggo Bond Co. BV, 5.13%, 02/28/30(b)
|
USD
|
225
|
193,069
|
|
Ziggo BV, 4.88%, 01/15/30(b)
|
|
200
|
186,777
|
|
|
|
|
18,902,547
|
|
Metals & Mining — 2.3%
|
|||
|
Advanced Drainage Systems, Inc., 6.38%, 06/15/30(b)(c)
|
|
240
|
242,085
|
|
Arsenal AIC Parent LLC(b)
|
|
|
|
|
8.00%, 10/01/30
|
|
186
|
193,657
|
|
11.50%, 10/01/31(c)
|
|
939
|
1,014,591
|
|
Big River Steel LLC/BRS Finance Corp., 6.63%,
01/31/29(b)(c)
|
|
806
|
804,135
|
|
Carpenter Technology Corp., 5.63%, 03/01/34(b)
|
|
279
|
276,430
|
|
Cleveland-Cliffs, Inc., 6.88%, 11/01/29(b)(c)
|
|
437
|
436,961
|
|
Commercial Metals Co.(b)
|
|
|
|
|
5.75%, 11/15/33
|
|
321
|
317,625
|
|
6.00%, 12/15/35
|
|
331
|
326,315
|
|
Constellium SE(b)(c)
|
|
|
|
|
5.63%, 06/15/28
|
|
500
|
497,535
|
|
3.75%, 04/15/29
|
|
735
|
701,017
|
|
6.38%, 08/15/32
|
|
317
|
320,436
|
|
Security
|
|
Par
(000)
|
Value
|
|
Metals & Mining (continued)
|
|||
|
ERO Copper Corp., 6.50%, 02/15/30(b)
|
USD
|
70
|
$ 69,292
|
|
First Quantum Minerals Ltd.(b)
|
|
|
|
|
8.00%, 03/01/33
|
|
200
|
206,634
|
|
7.25%, 02/15/34
|
|
200
|
202,484
|
|
6.38%, 02/15/36(c)
|
|
524
|
501,366
|
|
Freeport Indonesia PT, 4.76%, 04/14/27(c)(f)
|
|
200
|
199,576
|
|
Glencore Funding LLC, 6.14%, 04/01/55(b)(c)
|
|
500
|
502,915
|
|
Kaiser Aluminum Corp.(b)(c)
|
|
|
|
|
4.50%, 06/01/31
|
|
770
|
727,447
|
|
5.88%, 03/01/34
|
|
418
|
410,421
|
|
New Gold, Inc., 6.88%, 04/01/32(b)
|
|
305
|
315,235
|
|
Novelis Corp.(b)(c)
|
|
|
|
|
4.75%, 01/30/30
|
|
630
|
593,775
|
|
6.88%, 01/30/30
|
|
348
|
351,018
|
|
3.88%, 08/15/31
|
|
860
|
765,959
|
|
6.38%, 08/15/33
|
|
678
|
665,045
|
|
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29(f)
|
EUR
|
200
|
219,354
|
|
Samarco Mineracao SA(i)
|
|
|
|
|
(9.00% Cash or 9.00% PIK), 9.50%, 06/30/31(f)
|
USD
|
93
|
91,850
|
|
(9.00% PIK), 9.50%, 06/30/31(b)
|
|
6
|
5,571
|
|
Stillwater Mining Co., 4.50%, 11/16/29(b)(c)
|
|
200
|
188,278
|
|
Vallourec SACA, 7.50%, 04/15/32(b)(c)
|
|
517
|
541,823
|
|
Vedanta Resources Finance II PLC, 10.88%, 09/17/29(b)
|
|
200
|
209,400
|
|
Volcan Cia Minera SAA, 8.50%, 10/28/32(b)
|
|
47
|
47,818
|
|
|
|
|
11,946,048
|
|
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.2%
|
|||
|
Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27
|
|
284
|
279,134
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
7.25%, 04/01/29
|
|
171
|
176,067
|
|
6.00%, 04/15/30
|
|
90
|
89,825
|
|
6.50%, 07/01/30
|
|
87
|
88,850
|
|
6.50%, 10/15/30
|
|
238
|
241,383
|
|
|
|
|
875,259
|
|
Multi-Utilities — 0.0%
|
|||
|
AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%,
06/01/30(b)
|
|
123
|
130,308
|
|
Oil, Gas & Consumable Fuels — 7.3%
|
|||
|
Aethon United BR LP/Aethon United Finance Corp.,
7.50%, 10/01/29(b)
|
|
393
|
409,885
|
|
Antero Midstream Partners LP/Antero Midstream Finance
Corp.(b)
|
|
|
|
|
5.38%, 06/15/29
|
|
206
|
205,339
|
|
6.63%, 02/01/32
|
|
230
|
235,069
|
|
Ascent Resources Utica Holdings LLC/ARU Finance
Corp.(b)
|
|
|
|
|
9.00%, 11/01/27
|
|
165
|
192,636
|
|
5.88%, 06/30/29
|
|
35
|
34,968
|
|
6.63%, 07/15/33(c)
|
|
170
|
172,919
|
|
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
|
|
|
|
|
7.00%, 07/15/29
|
|
224
|
231,408
|
|
7.25%, 07/15/32
|
|
180
|
186,981
|
|
Breakwater Energy Holdings SARL, 9.25%, 11/15/30(b)
|
|
250
|
262,546
|
|
Buckeye Partners LP
|
|
|
|
|
6.88%, 07/01/29(b)
|
|
20
|
20,585
|
|
6.75%, 02/01/30(b)
|
|
87
|
89,785
|
|
5.85%, 11/15/43
|
|
145
|
131,240
|
|
5.60%, 10/15/44
|
|
86
|
75,402
|
|
California Resources Corp., 7.00%, 01/15/34(b)
|
|
125
|
126,020
|
|
Caturus Energy LLC, 8.50%, 02/15/30(b)(c)
|
|
623
|
646,434
|
|
Chord Energy Corp., 6.75%, 03/15/33(b)
|
|
110
|
113,569
|
|
CITGO Petroleum Corp., 8.38%, 01/15/29(b)
|
|
778
|
803,428
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
CNX Midstream Partners LP, 4.75%, 04/15/30(b)
|
USD
|
96
|
$ 91,271
|
|
CNX Resources Corp.(b)
|
|
|
|
|
7.25%, 03/01/32
|
|
114
|
117,472
|
|
5.88%, 03/01/34
|
|
289
|
281,450
|
|
Comstock Resources, Inc.(b)
|
|
|
|
|
6.75%, 03/01/29(c)
|
|
362
|
357,306
|
|
6.75%, 03/01/29
|
|
137
|
135,377
|
|
5.88%, 01/15/30(c)
|
|
360
|
348,325
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31(b)(c)
|
|
1,617
|
1,576,967
|
|
Crescent Energy Finance LLC(b)
|
|
|
|
|
7.75%, 07/31/29
|
|
115
|
115,862
|
|
9.75%, 10/15/30(c)
|
|
138
|
147,660
|
|
7.63%, 04/01/32(c)
|
|
251
|
254,722
|
|
7.38%, 01/15/33(c)
|
|
206
|
205,948
|
|
8.38%, 01/15/34
|
|
165
|
172,491
|
|
CVR Energy, Inc.(b)
|
|
|
|
|
7.50%, 02/15/31
|
|
126
|
126,941
|
|
7.88%, 02/15/34
|
|
84
|
84,294
|
|
DBR Land Holdings LLC, 6.25%, 12/01/30(b)
|
|
173
|
175,161
|
|
Delek Logistics Partners LP/Delek Logistics Finance Corp.,
7.38%, 06/30/33(b)
|
|
291
|
293,406
|
|
Diamond Foreign Asset Co./Diamond Finance LLC, 8.50%,
10/01/30(b)
|
|
113
|
119,378
|
|
Ecopetrol SA, 8.88%, 01/13/33
|
|
117
|
123,493
|
|
Enbridge, Inc., Series 2020-A, (5-year CMT + 5.31%),
5.75%, 07/15/80(a)(c)
|
|
2,000
|
1,996,052
|
|
Energy Transfer LP(c)
|
|
|
|
|
3.90%, 07/15/26
|
|
235
|
234,732
|
|
(5-year CMT + 4.02%), 8.00%, 05/15/54(a)
|
|
469
|
491,228
|
|
Series H, (5-year CMT + 5.69%), 6.50%(a)(j)
|
|
4,409
|
4,400,153
|
|
EQT Corp., 4.50%, 01/15/29
|
|
8
|
7,981
|
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
|
8.00%, 05/15/33
|
|
51
|
52,698
|
|
6.75%, 03/15/34(c)
|
|
529
|
526,501
|
|
Global Partners LP/GLP Finance Corp., 7.13%,
07/01/33(b)
|
|
125
|
126,020
|
|
Gulfport Energy Operating Corp., 6.75%, 09/01/29(b)
|
|
189
|
193,294
|
|
Harvest Midstream I LP, 7.50%, 05/15/32(b)(c)
|
|
112
|
114,159
|
|
Hess Corp., 4.30%, 04/01/27
|
|
50
|
50,029
|
|
Hess Midstream Operations LP(b)
|
|
|
|
|
6.50%, 06/01/29
|
|
222
|
226,779
|
|
4.25%, 02/15/30
|
|
112
|
107,625
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.(b)
|
|
|
|
|
6.25%, 11/01/28
|
|
145
|
145,291
|
|
5.75%, 02/01/29
|
|
155
|
152,832
|
|
6.00%, 04/15/30
|
|
21
|
20,441
|
|
6.25%, 04/15/32
|
|
16
|
15,485
|
|
8.38%, 11/01/33(c)
|
|
301
|
314,043
|
|
6.88%, 05/15/34
|
|
211
|
206,145
|
|
7.25%, 02/15/35
|
|
83
|
82,744
|
|
Howard Midstream Energy Partners LLC(b)(c)
|
|
|
|
|
7.38%, 07/15/32
|
|
111
|
114,779
|
|
6.63%, 01/15/34
|
|
305
|
306,160
|
|
Impulsora Pipeline LLC, 6.05%, 01/01/43(a)
|
|
1,217
|
1,064,285
|
|
Infinity Natural Resources LLC, 7.63%, 04/01/31(b)
|
|
200
|
201,056
|
|
ITT Holdings LLC, 6.50%, 08/01/29(b)(c)
|
|
615
|
597,988
|
|
Kinetik Holdings LP(b)
|
|
|
|
|
6.63%, 12/15/28
|
|
58
|
58,982
|
|
5.88%, 06/15/30
|
|
53
|
53,195
|
|
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas
Finance Corp., 6.88%, 12/01/32(b)
|
|
148
|
152,314
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Matador Resources Co.(b)
|
|
|
|
|
6.50%, 04/15/32(c)
|
USD
|
303
|
$ 306,300
|
|
6.00%, 04/15/34
|
|
253
|
251,400
|
|
MPLX LP, 4.25%, 12/01/27(c)
|
|
185
|
184,458
|
|
Murphy Oil Corp., 5.88%, 12/01/42
|
|
29
|
24,609
|
|
Nabors Industries, Inc., 7.63%, 11/15/32(b)
|
|
168
|
171,973
|
|
NGL Energy Operating LLC/NGL Energy Finance
Corp.(b)(c)
|
|
|
|
|
8.13%, 02/15/29
|
|
233
|
240,024
|
|
8.38%, 02/15/32
|
|
687
|
707,984
|
|
Noble Finance II LLC, 8.00%, 04/15/30(b)(c)
|
|
48
|
49,420
|
|
Northern Oil & Gas, Inc., 7.88%, 10/15/33(b)
|
|
358
|
370,406
|
|
Northriver Midstream Finance LP, 6.75%, 07/15/32(b)
|
|
172
|
172,508
|
|
PBF Holding Co. LLC/PBF Finance Corp., 7.88%,
09/15/30(b)
|
|
160
|
164,306
|
|
Permian Resources Operating LLC(b)
|
|
|
|
|
8.00%, 04/15/27
|
|
272
|
272,232
|
|
5.88%, 07/01/29(c)
|
|
411
|
411,469
|
|
7.00%, 01/15/32(c)
|
|
221
|
228,844
|
|
6.25%, 02/01/33
|
|
184
|
187,429
|
|
Petrobras Global Finance BV, 6.75%, 01/27/41
|
|
50
|
48,690
|
|
Petroleos Mexicanos
|
|
|
|
|
8.75%, 06/02/29
|
|
130
|
136,453
|
|
5.95%, 01/28/31
|
|
158
|
151,119
|
|
Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, 6.24%,
07/03/36(b)
|
|
50
|
51,813
|
|
Prairie Acquiror LP, 9.00%, 08/01/29(b)
|
|
192
|
198,333
|
|
PRIO Luxembourg Holding SARL, 6.75%, 10/15/30(b)
|
|
200
|
194,550
|
|
Raizen Fuels Finance SA, 6.45%, 03/05/34(b)
|
|
200
|
110,000
|
|
Rockies Express Pipeline LLC, 4.95%, 07/15/29(b)
|
|
51
|
49,728
|
|
SM Energy Co.(b)(c)
|
|
|
|
|
8.75%, 07/01/31
|
|
179
|
187,107
|
|
6.63%, 04/15/34
|
|
578
|
576,367
|
|
Sunoco LP(b)
|
|
|
|
|
5.63%, 03/15/31
|
|
124
|
123,431
|
|
6.63%, 08/15/32
|
|
201
|
204,149
|
|
6.25%, 07/01/33
|
|
208
|
208,906
|
|
5.88%, 03/15/34
|
|
125
|
123,619
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.(b)
|
|
|
|
|
5.50%, 01/15/28
|
|
148
|
146,748
|
|
7.38%, 02/15/29(c)
|
|
501
|
515,397
|
|
6.00%, 09/01/31
|
|
100
|
98,682
|
|
TGNR Intermediate Holdings LLC, 5.50%, 10/15/29(b)(c)
|
|
347
|
339,280
|
|
Transcontinental Gas Pipe Line Co. LLC, 4.00%,
03/15/28(c)
|
|
280
|
277,990
|
|
TransMontaigne Partners LLC, 8.50%, 06/15/30(b)
|
|
56
|
56,613
|
|
Transocean International Ltd.(b)
|
|
|
|
|
8.25%, 05/15/29(c)
|
|
46
|
47,530
|
|
8.75%, 02/15/30(c)
|
|
34
|
35,679
|
|
8.50%, 05/15/31(c)
|
|
313
|
328,274
|
|
7.88%, 10/15/32
|
|
183
|
195,535
|
|
Valaris Ltd., 8.38%, 04/30/30(b)(c)
|
|
237
|
245,577
|
|
Venture Global LNG, Inc.(b)(c)
|
|
|
|
|
9.50%, 02/01/29
|
|
1,306
|
1,412,170
|
|
8.38%, 06/01/31
|
|
979
|
1,018,136
|
|
9.88%, 02/01/32
|
|
2,097
|
2,252,153
|
|
Venture Global Plaquemines LNG LLC(b)(c)
|
|
|
|
|
6.13%, 12/15/30
|
|
611
|
628,368
|
|
7.50%, 05/01/33
|
|
290
|
318,769
|
|
6.50%, 01/15/34
|
|
864
|
900,672
|
|
7.75%, 05/01/35
|
|
499
|
559,268
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Venture Global Plaquemines LNG LLC(b)(c) (continued)
|
|
|
|
|
6.75%, 01/15/36
|
USD
|
1,059
|
$ 1,121,642
|
|
Vista Energy Argentina SAU, 8.50%, 06/10/33(b)
|
|
8
|
8,367
|
|
Vital Energy, Inc., 7.88%, 04/15/32(b)(c)
|
|
327
|
334,082
|
|
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29(b)
|
|
365
|
369,843
|
|
|
|
|
37,997,131
|
|
Passenger Airlines — 0.2%
|
|||
|
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%,
04/20/29(b)
|
|
48
|
47,240
|
|
JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%,
09/20/31(b)
|
|
323
|
305,254
|
|
OneSky Flight LLC, 8.88%, 12/15/29(b)
|
|
250
|
258,054
|
|
United Airlines Holdings, Inc., 5.38%, 03/01/31
|
|
297
|
290,857
|
|
|
|
|
901,405
|
|
Personal Care Products — 0.1%
|
|||
|
Opal Bidco SAS
|
|
|
|
|
5.50%, 03/31/32(f)
|
EUR
|
100
|
112,814
|
|
6.50%, 03/31/32(b)
|
USD
|
317
|
317,306
|
|
Perrigo Finance Unlimited Co., 6.13%, 09/30/32
|
|
95
|
86,681
|
|
|
|
|
516,801
|
|
Pharmaceuticals — 1.8%
|
|||
|
1261229 B.C. Ltd., 10.00%, 04/15/32(b)(c)
|
|
4,600
|
4,709,683
|
|
AbbVie, Inc., 4.25%, 11/14/28(c)
|
|
1,000
|
1,002,764
|
|
Amneal Pharmaceuticals LLC, 6.88%, 08/01/32(b)
|
|
175
|
180,153
|
|
Bausch Health Cos., Inc.(b)
|
|
|
|
|
4.88%, 06/01/28
|
|
140
|
128,199
|
|
11.00%, 09/30/28
|
|
809
|
825,211
|
|
CVS Health Corp., 3.75%, 04/01/30(c)
|
|
1,000
|
966,281
|
|
Dolcetto Holdco SpA, 5.63%, 07/14/32(f)
|
EUR
|
100
|
114,810
|
|
Grifols SA(f)
|
|
|
|
|
2.25%, 11/15/27
|
|
163
|
186,040
|
|
7.13%, 05/01/30
|
|
100
|
119,479
|
|
Gruenenthal GmbH, 4.63%, 11/15/31(f)
|
|
100
|
113,270
|
|
Nidda Healthcare Holding GmbH(f)
|
|
|
|
|
7.00%, 02/21/30
|
|
100
|
117,542
|
|
(3-mo. EURIBOR + 3.25%), 5.23%, 10/15/32(a)
|
|
100
|
114,665
|
|
Organon & Co./Organon Foreign Debt Co-Issuer BV,
4.13%, 04/30/28(b)(c)
|
USD
|
400
|
388,141
|
|
Rossini SARL, (3-mo. EURIBOR + 3.88%), 6.00%,
12/31/29(a)(f)
|
EUR
|
42
|
49,170
|
|
Teva Pharmaceutical Finance Netherlands III BV, 3.15%,
10/01/26(c)
|
USD
|
302
|
299,080
|
|
|
|
|
9,314,488
|
|
Real Estate Management & Development — 0.6%
|
|||
|
Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%,
12/31/28(i)
|
EUR
|
55
|
70,257
|
|
Alexandrite Lake Lux Holdings SARL, 6.75%, 07/30/30(f)
|
|
100
|
112,984
|
|
Anywhere Real Estate Group LLC/Anywhere Co-Issuer
Corp.
|
|
|
|
|
7.00%, 04/15/30(b)
|
USD
|
39
|
38,968
|
|
Series AI, 7.00%, 04/15/30(c)
|
|
271
|
271,577
|
|
Anywhere Real Estate Group LLC/Realogy Co-Issuer
Corp., 9.75%, 04/15/30(b)
|
|
133
|
141,188
|
|
CoreLogic, Inc., 4.50%, 05/01/28(b)(c)
|
|
1,313
|
1,232,617
|
|
Cushman & Wakefield U.S. Borrower LLC, 8.88%,
09/01/31(b)
|
|
57
|
60,379
|
|
Fantasia Holdings Group Co. Ltd.(f)(k)
|
|
|
|
|
11.75%, 04/17/22
|
|
400
|
4,400
|
|
11.88%, 06/01/23
|
|
200
|
2,250
|
|
9.25%, 07/28/23
|
|
200
|
2,250
|
|
Security
|
|
Par
(000)
|
Value
|
|
Real Estate Management & Development (continued)
|
|||
|
Fantasia Holdings Group Co. Ltd.(f)(k) (continued)
|
|
|
|
|
9.88%, 10/19/23
|
USD
|
200
|
$ 1,800
|
|
Five Point Operating Co. LP, 8.00%, 10/01/30(b)
|
|
84
|
83,802
|
|
Howard Hughes Corp.(b)
|
|
|
|
|
4.13%, 02/01/29
|
|
149
|
140,937
|
|
4.38%, 02/01/31
|
|
54
|
49,575
|
|
5.88%, 03/01/32
|
|
141
|
135,682
|
|
6.13%, 03/01/34
|
|
141
|
135,407
|
|
New Immo Holding SA, 3.25%, 07/23/27(f)
|
EUR
|
100
|
113,305
|
|
Sobha Sukuk I Holding Ltd., 7.13%, 09/11/30(f)
|
USD
|
200
|
172,000
|
|
Vivion Investments SARL(f)
|
|
|
|
|
5.63%, 06/08/30
|
EUR
|
100
|
108,029
|
|
(6.50% Cash and 1.75% PIK), 8.25%, 08/31/28(i)
|
|
14
|
16,267
|
|
|
|
|
2,893,674
|
|
Retail REITs — 0.1%
|
|||
|
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27(b)(c)
|
USD
|
327
|
320,746
|
|
Semiconductors & Semiconductor Equipment — 0.3%
|
|||
|
Amkor Technology, Inc., 5.88%, 10/01/33(b)
|
|
76
|
75,689
|
|
Broadcom, Inc., 3.50%, 02/15/41(c)
|
|
700
|
558,467
|
|
Microchip Technology, Inc., 0.00%, 02/15/30(b)(l)(m)
|
|
147
|
143,399
|
|
ON Semiconductor Corp., 0.50%, 03/01/29(l)
|
|
258
|
252,195
|
|
QUALCOMM, Inc., 4.30%, 05/20/47(c)
|
|
600
|
487,045
|
|
|
|
|
1,516,795
|
|
Software — 2.6%
|
|||
|
AthenaHealth Group, Inc., 6.50%, 02/15/30(b)(c)
|
|
1,676
|
1,573,133
|
|
Capstone Borrower, Inc., 8.00%, 06/15/30(b)(c)
|
|
302
|
288,555
|
|
Central Parent LLC/CDK Global II LLC/CDK Financing Co.,
Inc., 8.00%, 06/15/29(b)(c)
|
|
157
|
116,680
|
|
Central Parent, Inc./CDK Global, Inc., 7.25%,
06/15/29(b)(c)
|
|
222
|
159,776
|
|
Cloud Software Group, Inc.(b)(c)
|
|
|
|
|
6.50%, 03/31/29
|
|
1,889
|
1,842,852
|
|
9.00%, 09/30/29
|
|
2,532
|
2,442,554
|
|
8.25%, 06/30/32
|
|
9
|
8,536
|
|
Ellucian Holdings, Inc., 6.50%, 12/01/29(b)(c)
|
|
183
|
178,748
|
|
IPD 3 BV, 5.50%, 06/15/31(f)
|
EUR
|
100
|
108,551
|
|
OAK-Eagle Acquireco, Inc.(d)
|
|
|
|
|
07/01/33(f)
|
|
100
|
118,059
|
|
07/01/33(b)
|
USD
|
1,105
|
1,144,884
|
|
07/01/34(b)
|
|
1,084
|
1,134,831
|
|
Oracle Corp.(c)
|
|
|
|
|
5.70%, 02/04/36
|
|
595
|
572,085
|
|
3.60%, 04/01/50
|
|
785
|
473,927
|
|
6.70%, 02/04/56
|
|
2,075
|
1,925,815
|
|
6.13%, 08/03/65
|
|
500
|
415,932
|
|
SS&C Technologies, Inc., 6.50%, 06/01/32(b)(c)
|
|
211
|
211,007
|
|
UKG, Inc., 6.88%, 02/01/31(b)(c)
|
|
649
|
634,278
|
|
|
|
|
13,350,203
|
|
Specialty Retail — 0.3%
|
|||
|
Advance Auto Parts, Inc., 7.00%, 08/01/30(b)
|
|
168
|
170,192
|
|
Afflelou SAS, 6.00%, 07/25/29(f)
|
EUR
|
100
|
117,511
|
|
Duomo Bidco SpA, (3-mo. EURIBOR + 3.25%), 5.31%,
01/15/32(a)(f)
|
|
100
|
113,686
|
|
Ferrellgas LP/Ferrellgas Finance Corp., 9.25%,
01/15/31(b)
|
USD
|
170
|
177,130
|
|
Michaels Cos., Inc., 8.50%, 03/15/33(b)
|
|
472
|
459,489
|
|
Security
|
|
Par
(000)
|
Value
|
|
Specialty Retail (continued)
|
|||
|
Staples, Inc., 10.75%, 09/01/29(b)
|
USD
|
185
|
$ 171,092
|
|
Suburban Propane Partners LP/Suburban Energy Finance
Corp., 5.00%, 06/01/31(b)
|
|
91
|
85,620
|
|
|
|
|
1,294,720
|
|
Technology Hardware, Storage & Peripherals(b) — 0.2%
|
|||
|
Seagate Data Storage Technology Pte. Ltd.
|
|
|
|
|
8.25%, 12/15/29(c)
|
|
449
|
471,534
|
|
5.88%, 07/15/30
|
|
151
|
153,483
|
|
8.50%, 07/15/31(c)
|
|
557
|
583,984
|
|
5.75%, 12/01/34
|
|
79
|
78,704
|
|
|
|
|
1,287,705
|
|
Textiles, Apparel & Luxury Goods — 0.3%
|
|||
|
Beach Acquisition Bidco LLC(b)
|
|
|
|
|
5.25%, 07/15/32
|
EUR
|
435
|
482,227
|
|
(10.00% Cash or 10.75% PIK), 10.00%, 07/15/33(c)(i)
|
USD
|
800
|
852,038
|
|
Crocs, Inc., 4.25%, 03/15/29(b)
|
|
25
|
23,995
|
|
Levi Strauss & Co.
|
|
|
|
|
4.00%, 08/15/30
|
EUR
|
120
|
137,778
|
|
3.50%, 03/01/31(b)
|
USD
|
16
|
14,650
|
|
PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%), 5.77%,
07/01/29(a)(f)
|
EUR
|
100
|
115,440
|
|
|
|
|
1,626,128
|
|
Tobacco — 0.1%
|
|||
|
BAT Capital Corp., 7.08%, 08/02/43(c)
|
USD
|
500
|
549,589
|
|
Transportation Infrastructure — 0.1%
|
|||
|
Edge Finco PLC, 8.13%, 08/15/31(f)
|
GBP
|
100
|
136,535
|
|
Incora Top Holdco LLC, 6.00%, 01/31/33(e)(k)
|
USD
|
198
|
44,782
|
|
RXO, Inc., 6.38%, 05/15/31(b)
|
|
118
|
113,222
|
|
|
|
|
294,539
|
|
Water Utilities — 0.2%
|
|||
|
American Water Capital Corp., 4.45%, 06/01/32(c)
|
|
900
|
885,866
|
|
Wireless Telecommunication Services — 1.1%
|
|||
|
Altice France SA
|
|
|
|
|
6.88%, 10/15/30(b)
|
|
354
|
338,434
|
|
6.50%, 10/15/31(b)
|
|
243
|
230,452
|
|
6.50%, 04/15/32(b)(c)
|
|
1,224
|
1,159,959
|
|
5.63%, 07/15/32(f)
|
EUR
|
11
|
11,980
|
|
6.88%, 07/15/32(b)
|
USD
|
374
|
353,979
|
|
Digicel International Finance Ltd./Difl U.S. LLC, 8.63%,
08/01/32(b)(c)
|
|
1,145
|
1,161,943
|
|
Iliad Holding SAS
|
|
|
|
|
7.00%, 10/15/28(b)
|
|
343
|
345,213
|
|
5.38%, 04/15/30(f)
|
EUR
|
100
|
116,940
|
|
8.50%, 04/15/31(b)(c)
|
USD
|
479
|
501,184
|
|
7.00%, 04/15/32(b)(c)
|
|
211
|
211,253
|
|
Telecom Argentina SA, 9.25%, 05/28/33(b)
|
|
38
|
39,033
|
|
Vmed O2 U.K. Financing I PLC
|
|
|
|
|
4.00%, 01/31/29(f)
|
GBP
|
100
|
123,826
|
|
4.25%, 01/31/31(b)(c)
|
USD
|
600
|
515,304
|
|
4.75%, 07/15/31(b)
|
|
200
|
172,073
|
|
6.75%, 01/15/33(b)
|
|
254
|
226,935
|
|
Security
|
|
Par
(000)
|
Value
|
|
Wireless Telecommunication Services (continued)
|
|||
|
WOM Mobile SA, (5.50% Cash and 6.25% PIK), 11.00%,
04/01/31(b)(i)
|
USD
|
12
|
$ 12,466
|
|
Zegona Finance PLC, 6.75%, 07/15/29(f)
|
EUR
|
90
|
107,961
|
|
|
|
|
5,628,935
|
|
Total Corporate Bonds — 73.2%
(Cost: $383,838,862)
|
381,731,696
|
||
|
Fixed Rate Loan Interests
|
|||
|
Distributors — 0.0%
|
|||
|
TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%,
12/15/31(e)(i)
|
USD
|
28
|
—
|
|
IT Services — 0.2%
|
|||
|
Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%,
12/09/31
|
|
838
|
788,761
|
|
Software — 0.1%
|
|||
|
Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31
|
|
580
|
539,521
|
|
Total Fixed Rate Loan Interests — 0.3%
(Cost: $1,445,692)
|
1,328,282
|
||
|
Floating Rate Loan Interests(a)
|
|||
|
Advertising Agencies — 0.1%
|
|||
|
Outfront Media Capital LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.68%,
09/24/32
|
|
401
|
401,253
|
|
Summer BC Holdco B SARL, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 5.26%),
8.96%, 02/15/29
|
|
148
|
125,226
|
|
|
|
|
526,479
|
|
Aerospace & Defense — 2.2%
|
|||
|
Arcline FM Holdings LLC, 2025 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.75% Floor + 2.75%), 6.45%,
06/23/30
|
|
540
|
540,303
|
|
Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%, 10/31/30
|
|
654
|
654,559
|
|
Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-mo.
CME Term SOFR + 4.18%), 7.79%, 08/03/29
|
|
485
|
486,229
|
|
Cubic Corp.
|
|
|
|
|
2025 Second Out Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.25%), 8.18%, 05/25/29
|
|
1,866
|
370,587
|
|
2025 Second Out Term Loan C, (3-mo. CME Term
SOFR at 0.75% Floor + 1.26%), 4.93%, 05/25/29
|
|
262
|
52,112
|
|
Dynasty Acquisition Co., Inc.
|
|
|
|
|
2024 1st Lien Term Loan B1, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.67%, 10/31/31
|
|
1,279
|
1,278,289
|
|
2024 1st Lien Term Loan B2, (1-mo. CME Term SOFR
at 0.00% Floor + 2.00%), 5.67%, 10/31/31
|
|
487
|
486,443
|
|
Kaman Corp.
|
|
|
|
|
2025 Delayed Draw Term Loan, 0.00%, 02/26/32
|
|
6
|
6,480
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 2.50%), 6.17%, 02/26/32
|
|
350
|
349,719
|
|
Peraton Corp., Term Loan B, (3-mo. CME Term SOFR at
0.75% Floor + 3.85%), 7.52%, 02/01/28
|
|
955
|
813,472
|
|
Propulsion BC Finco SARL, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 2.50%),
6.20%, 12/01/32
|
|
370
|
369,919
|
|
Security
|
|
Par
(000)
|
Value
|
|
Aerospace & Defense (continued)
|
|||
|
Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.45%,
11/05/28
|
USD
|
207
|
$ 207,528
|
|
TransDigm, Inc.
|
|
|
|
|
2023 Term Loan J, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 02/28/31
|
|
2,689
|
2,688,974
|
|
2024 Term Loan L, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 01/19/32
|
|
485
|
484,465
|
|
2025 Term Loan K, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 03/22/30
|
|
841
|
840,511
|
|
2025 Term Loan M, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 08/19/32
|
|
1,675
|
1,674,183
|
|
2026 Term Loan N, (1-mo. CME Term SOFR at 0.00%
Floor + 2.50%), 6.17%, 02/13/33
|
|
317
|
317,060
|
|
|
|
|
11,620,833
|
|
Automobile Components — 1.2%
|
|||
|
Allison Transmission, Inc., 2025 Incremental Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 01/02/33
|
|
507
|
508,267
|
|
Clarios Global LP
|
|
|
|
|
2024 USD Term Loan B, (1-mo. CME Term SOFR +
2.50%), 6.17%, 05/06/30
|
|
2,335
|
2,325,552
|
|
2025 USD Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.42%, 01/28/32
|
|
871
|
867,578
|
|
Garrett LX I SARL, 2025 USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 2.00%), 5.67%, 01/30/32
|
|
49
|
48,558
|
|
Gates Corp.
|
|
|
|
|
2022 Term Loan B4, (1-mo. CME Term SOFR + 1.75%),
5.42%, 11/16/29
|
|
174
|
173,596
|
|
2024 Term Loan B5, (1-mo. CME Term SOFR + 1.75%),
5.42%, 06/04/31
|
|
1,272
|
1,269,966
|
|
RealTruck Group, Inc.
|
|
|
|
|
2021 Term Loan B, (3-mo. CME Term SOFR + 4.01%),
7.68%, 01/31/28
|
|
106
|
71,269
|
|
2023 Incremental Term Loan, (3-mo. CME Term SOFR
+ 5.26%), 8.93%, 01/31/28
|
|
241
|
164,501
|
|
Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term SOFR
+ 5.10%), 8.76%, 11/17/28
|
|
829
|
806,808
|
|
|
|
|
6,236,095
|
|
Automobiles — 0.1%
|
|||
|
Dealer Tire Financial LLC, 2024 Term Loan B4, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/02/31
|
|
684
|
680,915
|
|
Beverages — 0.3%
|
|||
|
Naked Juice LLC
|
|
|
|
|
2025 FLFO Term Loan, (3-mo. CME Term SOFR at
1.00% Floor + 5.50%), 9.20%, 01/24/29
|
|
863
|
856,007
|
|
2025 FLSO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.35%), 7.05%, 01/24/29
|
|
237
|
125,118
|
|
2025 FLTO Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 6.00%), 9.80%, 01/24/30
|
|
333
|
68,914
|
|
Sazerac Co., Inc., Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 07/09/32
|
|
249
|
248,155
|
|
|
|
|
1,298,194
|
|
Security
|
|
Par
(000)
|
Value
|
|
Biotechnology — 0.4%
|
|||
|
BioMarin Pharmaceutical, Inc., Term Loan B, 01/28/33(o)
|
USD
|
443
|
$ 441,618
|
|
Parexel International Corp., 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.42%, 12/12/31
|
|
1,796
|
1,788,558
|
|
|
|
|
2,230,176
|
|
Broadline Retail — 0.3%
|
|||
|
Boots Group Finco LP, USD Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.92%, 08/30/32
|
|
657
|
658,996
|
|
StubHub Holdco Sub LLC, 2024 Extended Term Loan B,
(1-mo. CME Term SOFR + 4.75%), 8.42%, 03/15/30
|
|
1,080
|
1,060,248
|
|
|
|
|
1,719,244
|
|
Building Materials — 0.2%
|
|||
|
CP Iris HoldCo I, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 7.67%, 10/27/32
|
|
806
|
798,135
|
|
Building Products — 2.4%
|
|||
|
AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR +
1.75%), 5.42%, 05/13/29
|
|
46
|
45,862
|
|
Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 09/08/32
|
|
2,025
|
2,003,685
|
|
CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 5.25%), 8.92%, 07/08/30
|
|
564
|
517,153
|
|
EMRLD Borrower LP
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 08/04/31
|
|
909
|
906,260
|
|
Term Loan B, (3-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 05/31/30
|
|
1,475
|
1,472,738
|
|
Gibraltar Industries, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%,
02/02/33(e)
|
|
253
|
251,495
|
|
Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 06/17/31
|
|
484
|
440,924
|
|
New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 6.00%), 9.67%, 03/08/29
|
|
193
|
157,825
|
|
Quikrete Holdings, Inc.
|
|
|
|
|
2024 Term Loan B2, (1-mo. CME Term SOFR + 2.25%),
5.92%, 03/19/29
|
|
692
|
690,922
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 02/10/32
|
|
377
|
376,247
|
|
2025 Term Loan B1, (1-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.92%, 04/14/31
|
|
783
|
781,389
|
|
QXO Building Products, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
04/30/32
|
|
535
|
533,158
|
|
Standard Industries, Inc., 2021 Term Loan B, (1-mo. CME
Term SOFR + 1.75%), 5.42%, 09/22/28
|
|
210
|
209,909
|
|
White Cap Supply Holdings LLC, 2024 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.92%,
10/19/29
|
|
2,139
|
2,052,343
|
|
Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31
|
|
1,808
|
1,568,791
|
|
Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR +
2.11%), 5.78%, 10/04/28
|
|
389
|
390,922
|
|
|
|
|
12,399,623
|
|
Capital Markets — 2.6%
|
|||
|
Allspring Buyer LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.75%, 11/01/30
|
|
319
|
318,586
|
|
Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan B,
(6-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.37%, 02/15/31
|
|
1,239
|
1,208,596
|
|
Security
|
|
Par
(000)
|
Value
|
|
Capital Markets (continued)
|
|||
|
Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 08/09/30
|
USD
|
329
|
$ 325,026
|
|
Ascensus Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 11/25/32
|
|
715
|
702,709
|
|
Axalta Coating Systems U.S. Holdings, Inc., 2024 Term
Loan B7, (3-mo. CME Term SOFR at 0.50% Floor +
1.75%), 5.45%, 12/20/29
|
|
601
|
600,986
|
|
BCPE Pequod Buyer, Inc., USD Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.42%, 11/25/31
|
|
832
|
806,208
|
|
Chicago U.S. Midco III LP, Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 11/01/32
|
|
921
|
910,081
|
|
Citadel Securities LP, 2024 First Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.70%,
10/31/31
|
|
1,249
|
1,249,723
|
|
Edelman Financial Engines Center LLC, 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.67%, 04/07/28
|
|
755
|
753,966
|
|
Focus Financial Partners LLC, 2025 Incremental Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 09/15/31
|
|
1,576
|
1,523,247
|
|
GTCR Everest Borrower, LLC, 2026 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.20%,
09/05/31
|
|
257
|
255,014
|
|
Hudson River Trading LLC, 2026 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 03/18/30
|
|
1,075
|
1,069,693
|
|
Jane Street Group LLC, 2024 Term Loan B1, (3-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 12/15/31
|
|
2,573
|
2,522,740
|
|
Jupiter Borrower, Inc., Term Loan B, 03/25/33(e)(o)
|
|
347
|
346,133
|
|
Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.20%, 07/30/32
|
|
1,112
|
1,090,183
|
|
|
|
|
13,682,891
|
|
Chemicals — 2.3%
|
|||
|
Advancion Holdings LLC, 2020 USD Term Loan, (3-mo.
CME Term SOFR + 4.10%), 7.77%, 11/24/27
|
|
324
|
309,040
|
|
Chemours Co., 2025 USD Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.17%, 10/15/32
|
|
1,274
|
1,262,759
|
|
Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.68%,
11/01/30
|
|
927
|
924,521
|
|
Discovery Purchaser Corp., Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 3.75%), 7.42%, 10/04/29
|
|
657
|
645,235
|
|
Ecovyst Catalyst Technologies LLC, 2024 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 06/12/31
|
|
348
|
347,662
|
|
Element Solutions, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 12/18/30
|
|
1,052
|
1,052,176
|
|
Fortis 333, Inc., USD Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.50%), 7.17%, 03/29/32
|
|
453
|
439,538
|
|
HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.86%), 5.53%, 02/15/30
|
|
310
|
310,737
|
|
INEOS U.S. Petrochem LLC, 2024 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.25%),
7.92%, 10/07/31
|
|
136
|
95,375
|
|
Lonza Group AG, USD Term Loan B, (3-mo. CME Term
SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28
|
|
688
|
598,937
|
|
Minerals Technologies, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
11/26/31(e)
|
|
424
|
424,633
|
|
Security
|
|
Par
(000)
|
Value
|
|
Chemicals (continued)
|
|||
|
Olympus Water U.S. Holding Corp.
|
|
|
|
|
2024 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.00%), 6.70%, 06/20/31
|
USD
|
1,391
|
$ 1,333,753
|
|
2025 USD Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 11/03/32
|
|
834
|
801,729
|
|
Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME Term
SOFR at 0.00% Floor + 4.85%), 8.50%, 04/08/31
|
|
843
|
577,456
|
|
Paint Intermediate III LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 10/09/31
|
|
274
|
272,689
|
|
Solstice Advanced Materials, Inc., Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/29/32
|
|
467
|
468,947
|
|
Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 3.00%), 6.67%, 08/02/30
|
|
1,111
|
1,108,877
|
|
WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 08/19/32
|
|
897
|
892,765
|
|
|
|
|
11,866,829
|
|
Commercial Services & Supplies — 2.5%
|
|||
|
Action Environmental Group, Inc., 2023 Term Loan B, (3-
mo. CME Term SOFR + 3.00%), 6.69%, 10/24/30
|
|
446
|
443,631
|
|
Allied Universal Holdco LLC, 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 08/20/32
|
|
2,750
|
2,748,360
|
|
Anticimex International AB, 2025 USD Term Loan, (3-mo.
SOFR + 2.90%), 6.56%, 11/17/31
|
|
358
|
358,051
|
|
Aramark Services, Inc.
|
|
|
|
|
2025 Repriced Term Loan, (1-mo. CME Term SOFR at
0.00% Floor + 1.75%), 5.42%, 04/06/28
|
|
383
|
383,187
|
|
2025 Term Loan, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 06/22/30
|
|
1,015
|
1,014,996
|
|
Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.85%), 5.52%,
09/07/27
|
|
980
|
980,262
|
|
Citrin Cooperman Advisors LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.70%,
04/01/32
|
|
782
|
749,818
|
|
Clean Harbors, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.50%), 5.17%, 10/08/32
|
|
390
|
392,363
|
|
Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
06/02/31
|
|
933
|
867,306
|
|
Innio Group Holding GmbH, 2026 USD Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.66%,
11/02/31
|
|
738
|
730,185
|
|
LABL, Inc., 2026 USD Interim New Money DIP Term Loan,
(3-mo. CME Term SOFR at 0.50% Floor + 6.75%),
10.38%, 12/02/26
|
|
121
|
120,385
|
|
Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.45%, 03/11/32
|
|
1,363
|
1,362,658
|
|
Packers Holdings LLC, 2025 Takeback Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 1.10%), 4.77%,
03/10/31
|
|
82
|
78,694
|
|
Prime Security Services Borrower LLC
|
|
|
|
|
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.66%, 10/13/30
|
|
395
|
393,138
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.41%, 03/07/32
|
|
1,342
|
1,321,038
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Services & Supplies (continued)
|
|||
|
Reworld Holding Corp.
|
|
|
|
|
2025 1st Lien Term Loan C, (1-mo. CME Term SOFR at
0.50% Floor + 2.25%), 5.93%, 01/15/31
|
USD
|
80
|
$ 79,658
|
|
2025 Term Loan B1, (1-mo. CME Term SOFR at 0.50%
Floor + 2.25%), 5.93%, 01/15/31
|
|
491
|
490,201
|
|
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.25%), 5.92%, 11/30/28
|
|
378
|
377,032
|
|
|
|
|
12,890,963
|
|
Communications Equipment — 0.2%
|
|||
|
Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.43%, 10/24/30
|
|
819
|
818,348
|
|
Radiate Holdco LLC
|
|
|
|
|
2025 Delayed Draw Term Loan, (1-mo. CME Term
SOFR at 1.00% Floor + 4.00%), 7.67%, 06/26/29
|
|
58
|
57,677
|
|
2025 Term Loan, (1-mo. CME Term SOFR at 1.00%
Floor + 4.00%), 7.67%, 06/26/29
|
|
19
|
19,226
|
|
|
|
|
895,251
|
|
Construction & Engineering — 0.6%
|
|||
|
Azuria Water Solutions, Inc.
|
|
|
|
|
2026 Delayed Draw Term Loan, 01/27/33(o)
|
|
83
|
82,532
|
|
2026 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 6.42%, 01/27/33
|
|
626
|
618,992
|
|
Brand Industrial Services, Inc., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 4.50%), 8.16%,
08/01/30
|
|
1,243
|
1,063,745
|
|
Construction Partners, Inc., Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%, 11/03/31
|
|
272
|
271,139
|
|
Dycom Investments, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 01/27/33
|
|
390
|
391,139
|
|
Legence Holdings LLC, 2025 Repriced Term Loan B, (1-
mo. CME Term SOFR at 0.75% Floor + 2.25%), 5.92%,
12/16/31
|
|
712
|
712,926
|
|
|
|
|
3,140,473
|
|
Consumer Discretionary — 0.1%
|
|||
|
Element Materials Technology Group U.S. Holdings, Inc.,
2022 USD Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.50%), 7.20%, 07/06/29
|
|
434
|
434,981
|
|
Consumer Staples Distribution & Retail — 0.5%
|
|||
|
BCPE Empire Holdings, Inc., 2026 10th Amendment Term
Loan, (1-mo. CME Term SOFR + 3.50%), 7.17%,
12/29/32
|
|
1,236
|
1,215,149
|
|
EG America LLC, 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.92%, 02/10/31
|
|
769
|
768,423
|
|
U.S. Foods, Inc., 2024 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 10/03/31
|
|
642
|
646,330
|
|
|
|
|
2,629,902
|
|
Containers & Packaging — 1.7%
|
|||
|
Charter NEX US, Inc., 2025 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.75% Floor + 2.50%), 6.17%,
11/29/30
|
|
1,861
|
1,847,851
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 3.25%), 6.92%, 04/01/32
|
|
996
|
927,496
|
|
Term Loan B, (1-mo. CME Term SOFR + 3.18%),
6.84%, 04/13/29
|
|
105
|
99,928
|
|
Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR +
1.75%), 5.38%, 07/30/32
|
|
1,532
|
1,525,269
|
|
Security
|
|
Par
(000)
|
Value
|
|
Containers & Packaging (continued)
|
|||
|
Graham Packaging Co., Inc., 2026 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
01/26/33
|
USD
|
793
|
$ 783,968
|
|
LABL, Inc., 2021 USD 1st Lien Term Loan, 0.00%,
10/30/28(k)
|
|
926
|
419,861
|
|
Mauser Packaging Solutions Holding Co., 2025 Term Loan
B, (3-mo. CME Term SOFR at 0.00% Floor + 3.50%),
7.16%, 04/15/30
|
|
550
|
530,552
|
|
Potters Industries LLC, 2025 Repriced Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/23/32
|
|
478
|
477,202
|
|
Pregis TopCo LLC, 2025 Refinancing Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
02/01/29
|
|
421
|
420,567
|
|
Proampac PG Borrower LLC, 2026 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 03/07/33
|
|
593
|
571,673
|
|
Reynolds Consumer Products LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 03/04/32
|
|
195
|
195,322
|
|
Ring Container Technologies Group LLC, 2025 Term Loan
B, (1-mo. CME Term SOFR at 0.50% Floor + 2.50%),
6.17%, 09/15/32
|
|
598
|
591,466
|
|
Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo.
CME Term SOFR at 0.50% Floor + 3.75%), 7.45%,
09/15/28
|
|
465
|
439,825
|
|
|
|
|
8,830,980
|
|
Distributors — 0.6%
|
|||
|
American Builders & Contractors Supply Co., Inc.,
2024 Term Loan B, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 01/31/31
|
|
839
|
838,217
|
|
Core & Main LP
|
|
|
|
|
2024 Term Loan D, (1-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.68%, 07/27/28
|
|
1,507
|
1,505,752
|
|
2024 Term Loan E, (1-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.68%, 02/09/31(e)
|
|
372
|
372,436
|
|
Herc Holdings, Inc., 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 06/02/32
|
|
156
|
155,675
|
|
|
|
|
2,872,080
|
|
Diversified Consumer Services — 0.4%
|
|||
|
Bright Horizons Family Solutions LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 1.75%),
5.42%, 08/23/32
|
|
532
|
530,768
|
|
OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.43%, 12/31/32
|
|
325
|
324,335
|
|
PG Investment Co. 59 SARL, 2025 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.95%, 03/26/31
|
|
376
|
375,872
|
|
Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
01/30/31
|
|
1,049
|
1,038,967
|
|
|
|
|
2,269,942
|
|
Diversified REITs — 0.0%
|
|||
|
RHP Hotel Properties LP, 2024 1st Lien Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
05/20/30
|
|
245
|
243,986
|
|
Diversified Telecommunication Services — 0.9%
|
|||
|
Cogeco Financing 2 LP, 2023 Incremental Term Loan B,
(1-mo. CME Term SOFR + 2.61%), 6.28%, 09/01/28
|
|
109
|
104,363
|
|
Security
|
|
Par
(000)
|
Value
|
|
Diversified Telecommunication Services (continued)
|
|||
|
Level 3 Financing, Inc., 2025 Repriced Term Loan B4,
(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),
6.92%, 03/29/32
|
USD
|
1,890
|
$ 1,888,035
|
|
Orbcomm, Inc., Term Loan B, (1-mo. CME Term SOFR at
0.75% Floor + 4.51%), 8.10%, 09/01/28
|
|
304
|
279,764
|
|
Sunrise Financing Partnership, Term Loan AAA, (6-mo.
CME Term SOFR at 0.00% Floor + 2.47%), 6.10%,
02/15/32
|
|
249
|
247,055
|
|
Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-mo.
CME Term SOFR + 3.36%), 7.04%, 01/31/29
|
|
607
|
583,667
|
|
Zayo Group Holdings, Inc., 2025 USD Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.11% and 0.50%
PIK), 7.28%, 03/11/30(i)
|
|
1,664
|
1,631,030
|
|
|
|
|
4,733,914
|
|
Electric Utilities — 0.6%
|
|||
|
NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.85%), 5.52%, 04/16/31
|
|
1,844
|
1,846,476
|
|
Talen Energy Supply LLC, 2024-1 Incremental Term Loan,
(3-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.15%, 12/15/31
|
|
334
|
334,052
|
|
Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-mo.
CME Term SOFR + 1.75%), 5.42%, 12/20/30
|
|
882
|
882,873
|
|
|
|
|
3,063,401
|
|
Electronic Equipment, Instruments & Components — 0.2%
|
|||
|
Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 06/20/31(e)
|
|
226
|
225,693
|
|
Coherent Corp., 2025 Term Loan B2, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 07/02/29
|
|
455
|
454,436
|
|
Sanmina Corp., Term Loan B, (1-mo. CME Term SOFR at
0.00% Floor + 2.00%), 5.67%, 10/27/32(e)
|
|
531
|
530,336
|
|
|
|
|
1,210,465
|
|
Energy Equipment & Services — 0.0%
|
|||
|
Deep Blue Operating I LLC, Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 10/01/32(e)
|
|
164
|
164,410
|
|
Entertainment — 2.3%
|
|||
|
Creative Artists Agency LLC, 2025 Repriced Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 10/01/31
|
|
1,430
|
1,428,065
|
|
Delta 2 Lux SARL, 2024 Term Loan B1, (3-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.45%, 09/30/31
|
|
1,345
|
1,341,042
|
|
DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 03/04/32
|
|
1,059
|
1,057,008
|
|
Electronic Arts, Inc., USD Term Loan B, 03/24/33(o)
|
|
2,190
|
2,176,312
|
|
EOC Borrower LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 03/24/32
|
|
1,788
|
1,779,593
|
|
GVC Holdings Gibraltar Ltd., 2025 Term Loan B5 (2032),
(3-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.95%, 07/31/32
|
|
187
|
186,702
|
|
Live Nation Entertainment, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
10/21/32
|
|
897
|
895,632
|
|
Security
|
|
Par
(000)
|
Value
|
|
Entertainment (continued)
|
|||
|
Motion Finco SARL, 2024 USD Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.20%, 11/12/29
|
USD
|
1,214
|
$ 1,055,930
|
|
TKO Worldwide Holdings LLC, 2025 Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.66%,
11/21/31
|
|
2,287
|
2,283,779
|
|
|
|
|
12,204,063
|
|
Environmental, Maintenance & Security Service — 0.1%
|
|||
|
JFL-Tiger Acquisition Co., Inc., Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.75%), 7.46%, 10/17/30
|
|
345
|
344,267
|
|
Reworld Holding Corp., 2025 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.25%), 5.93%,
01/15/31
|
|
209
|
208,821
|
|
|
|
|
553,088
|
|
Financial Services — 2.1%
|
|||
|
ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 12/21/28
|
|
701
|
698,927
|
|
Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,
07/30/31
|
|
211
|
210,932
|
|
Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.66%, 05/21/31
|
|
1,375
|
1,373,015
|
|
Apex Group Treasury LLC, 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
02/27/32
|
|
1,110
|
1,008,140
|
|
APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 01/03/29
|
|
1,476
|
1,473,693
|
|
CPI Holdco B LLC, 2025 Add-on Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/19/31
|
|
2,087
|
2,071,455
|
|
Gryphon Acquire NewCo LLC, Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 09/13/32
|
|
544
|
544,136
|
|
Hyperion Refinance SARL, 2025 USD Term Loan B, (1-
mo. CME Term SOFR at 0.50% Floor + 2.75%), 6.42%,
02/15/31
|
|
1,113
|
1,076,098
|
|
LBM Acquisition LLC, 2024 Incremental Term Loan B, (1-
mo. CME Term SOFR at 0.75% Floor + 3.75%), 7.50%,
06/06/31
|
|
430
|
342,873
|
|
Orion U.S. Finco, Inc., 1st Lien Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.15%, 10/08/32
|
|
521
|
515,248
|
|
Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/30/31
|
|
1,116
|
1,116,317
|
|
Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 3.50%), 7.17%,
10/16/31(e)
|
|
81
|
80,394
|
|
WEX, Inc.
|
|
|
|
|
2024 Term Loan B2, (1-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.42%, 03/31/28
|
|
168
|
166,926
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.42%, 03/05/32
|
|
307
|
303,831
|
|
|
|
|
10,981,985
|
|
Food Products — 1.0%
|
|||
|
Chobani LLC, 2025 Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 2.25%), 5.92%, 10/28/32
|
|
2,152
|
2,150,704
|
|
Security
|
|
Par
(000)
|
Value
|
|
Food Products (continued)
|
|||
|
Froneri U.S., Inc.
|
|
|
|
|
2024 USD Term Loan B4, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/31
|
USD
|
1,822
|
$ 1,783,455
|
|
2025 USD Term Loan B6, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.88%, 09/30/32
|
|
515
|
504,272
|
|
H-Food Holdings LLC, 2025 Exit Term Loan, (1-mo. CME
Term SOFR at 2.00% Floor + 6.50%), 10.17%,
03/29/30
|
|
70
|
70,035
|
|
Treehouse Foods, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 7.92%, 02/11/33
|
|
568
|
564,689
|
|
UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.20%, 01/29/32
|
|
249
|
249,175
|
|
Wellness Pet LLC, 2025 Second Out Exchange Term
Loan, (3-mo. CME Term SOFR at 0.75% Floor +
4.01%), 7.71%, 12/31/29
|
|
60
|
8,025
|
|
|
|
|
5,330,355
|
|
Gas Utilities — 0.1%
|
|||
|
BIP PipeCo Holdings LLC, Term Loan B, (2-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.65%, 12/06/30
|
|
243
|
243,582
|
|
M6 ETX Holdings II Midco LLC, 2025 1st Lien Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 04/01/32
|
|
296
|
296,612
|
|
|
|
|
540,194
|
|
Ground Transportation — 0.6%
|
|||
|
Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.45%, 04/10/31
|
|
2,372
|
2,358,294
|
|
Hertz Corp.
|
|
|
|
|
2021 Term Loan B, (1-mo. CME Term SOFR + 3.61%),
7.28%, 06/30/28
|
|
595
|
439,048
|
|
2021 Term Loan C, (1-mo. CME Term SOFR + 3.61%),
7.28%, 06/30/28
|
|
118
|
86,870
|
|
|
|
|
2,884,212
|
|
Health Care Equipment & Supplies — 1.8%
|
|||
|
AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 6.42%, 02/15/29
|
|
1,526
|
1,495,290
|
|
Bausch & Lomb Corporation, 2025 Repriced Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 3.75%),
7.42%, 01/15/31
|
|
1,501
|
1,502,357
|
|
Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR +
2.75%), 6.42%, 05/01/31
|
|
1,210
|
1,112,883
|
|
Gainwell Acquisition Corp., Term Loan B, (3-mo. CME
Term SOFR at 0.75% Floor + 4.10%), 7.80%, 10/01/27
|
|
323
|
313,074
|
|
Hologic Inc., 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 01/14/33
|
|
3,083
|
3,044,463
|
|
PointClickCare Technologies, Inc., 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.75%),
6.42%, 11/03/31
|
|
428
|
425,290
|
|
Polaris Newco LLC, USD Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 4.26%), 7.93%, 06/02/28
|
|
962
|
843,964
|
|
QuidelOrtho Corp., Term Loan, (1-mo. CME Term SOFR at
0.00% Floor + 4.00%), 7.67%, 08/20/32
|
|
538
|
537,116
|
|
Waystar Technologies, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
10/22/29(e)
|
|
347
|
346,168
|
|
|
|
|
9,620,605
|
|
Health Care Providers & Services — 1.7%
|
|||
|
ACP Tara Holdings, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.95%, 12/15/32
|
|
140
|
140,466
|
|
Security
|
|
Par
(000)
|
Value
|
|
Health Care Providers & Services (continued)
|
|||
|
AHP Health Partners, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 5.92%, 09/20/32
|
USD
|
99
|
$ 99,199
|
|
CHG Healthcare Services, Inc., 2025 Term Loan B1, (3-
mo. CME Term SOFR at 0.50% Floor + 2.75%), 6.45%,
09/29/28
|
|
449
|
449,226
|
|
CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME Term
SOFR at 0.75% Floor + 2.50%), 6.17%, 11/08/32
|
|
679
|
678,224
|
|
Concentra Health Services, Inc., 2025 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.00%),
5.67%, 07/26/31
|
|
342
|
342,885
|
|
Examworks Bidco, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 02/06/33
|
|
719
|
717,891
|
|
EyeCare Partners LLC, 2024 Third Out Term Loan C,
0.00%, 11/30/28(k)
|
|
16
|
2,700
|
|
ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.00%), 5.70%,
07/03/28
|
|
250
|
249,812
|
|
LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.42%,
05/19/31
|
|
595
|
594,185
|
|
Medical Solutions Holdings, Inc.
|
|
|
|
|
2021 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 3.60%), 7.27%, 11/01/28
|
|
385
|
76,261
|
|
2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at
0.50% Floor + 7.10%), 10.77%, 11/01/29
|
|
247
|
19,760
|
|
Medline Borrower LP
|
|
|
|
|
2025 Incremental Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 10/23/30
|
|
1,356
|
1,357,515
|
|
2025 Term Loan B, (1-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.42%, 10/23/28
|
|
775
|
775,792
|
|
Option Care Health, Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 09/22/32
|
|
871
|
873,892
|
|
Raven Acquisition Holdings LLC, Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
11/19/31
|
|
297
|
290,877
|
|
Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 4.00%), 7.70%, 09/27/30
|
|
730
|
720,844
|
|
Surgery Center Holdings, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/19/30
|
|
853
|
852,862
|
|
Team Health Holdings, Inc., 2026 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 4.00%),
7.66%, 06/30/28
|
|
248
|
246,887
|
|
Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 1.75%), 5.42%, 08/01/31
|
|
569
|
568,388
|
|
|
|
|
9,057,666
|
|
Hotels, Restaurants & Leisure — 3.7%
|
|||
|
Aimbridge Acquisition Co., Inc.
|
|
|
|
|
2025 1st Lien Second Out Term Loan, (1-mo. CME
Term SOFR at 1.00% Floor + 1.61% and 6.00% PIK),
11.29%, 03/11/30(i)
|
|
111
|
108,235
|
|
2025 First Out Term Loan, (1-mo. CME Term SOFR at
1.00% Floor + 5.61%), 9.29%, 03/11/30
|
|
117
|
115,141
|
|
Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.17%,
05/31/30(e)
|
|
652
|
651,562
|
|
Burger King (Restaurant Brands International, Inc.)/New
Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 09/20/30
|
|
1,106
|
1,102,436
|
|
Security
|
|
Par
(000)
|
Value
|
|
Hotels, Restaurants & Leisure (continued)
|
|||
|
Caesars Entertainment, Inc.
|
|
|
|
|
2024 Term Loan B1, (1-mo. CME Term SOFR + 2.25%),
5.92%, 02/06/31
|
USD
|
1,883
|
$ 1,824,244
|
|
Term Loan B, (1-mo. CME Term SOFR + 2.25%),
5.92%, 02/06/30
|
|
549
|
532,040
|
|
Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 4.50%), 8.17%, 12/02/31
|
|
590
|
583,734
|
|
Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.25%), 6.92%,
01/27/29
|
|
1,663
|
1,628,683
|
|
Flutter Financing BV
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.45%, 11/30/30
|
|
1,685
|
1,663,474
|
|
2025 Term Loan B, (3-mo. CME Term SOFR at 0.50%
Floor + 2.00%), 5.70%, 06/04/32
|
|
531
|
523,957
|
|
Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 1.75%), 5.42%, 09/22/32
|
|
1,291
|
1,297,648
|
|
Great Canadian Gaming Corp., 2024 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 4.75%), 8.44%,
11/01/29
|
|
461
|
452,657
|
|
Herschend Entertainment Co. LLC, 2026 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 05/27/32
|
|
533
|
533,329
|
|
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4,
(1-mo. CME Term SOFR + 1.75%), 5.43%, 11/08/30
|
|
1,350
|
1,352,051
|
|
IRB Holding Corp., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 2.50%), 6.18%, 12/16/30
|
|
933
|
930,091
|
|
Light & Wonder International, Inc., 2026 Term Loan B,
(1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.67%, 04/16/29
|
|
654
|
653,615
|
|
Ontario Gaming GTA LP, Term Loan B, (3-mo. CME Term
SOFR at 0.50% Floor + 4.25%), 7.95%, 08/01/30
|
|
383
|
357,913
|
|
Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 05/03/29
|
|
532
|
533,129
|
|
Scientific Games Holdings LP, 2024 USD Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 3.00%),
6.65%, 04/04/29
|
|
540
|
531,757
|
|
SeaWorld Parks & Entertainment, Inc., 2024 Term Loan
B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.67%, 12/04/31(e)
|
|
236
|
232,938
|
|
Six Flags Entertainment Corp., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/01/31
|
|
210
|
206,545
|
|
Station Casinos LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 03/14/31
|
|
1,385
|
1,383,189
|
|
TRQ Sales LLC, Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 0.19%), 3.89%, 12/30/32
|
|
546
|
527,917
|
|
Voyager Parent LLC, Repriced Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 4.25%), 7.95%, 07/01/32
|
|
636
|
630,773
|
|
Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 2.50%), 6.17%,
08/03/28
|
|
422
|
420,843
|
|
Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
05/24/30
|
|
675
|
676,481
|
|
|
|
|
19,454,382
|
|
Household Durables — 0.3%
|
|||
|
Madison Safety & Flow LLC, 2025 1st Lien Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 09/26/31
|
|
264
|
264,040
|
|
Security
|
|
Par
(000)
|
Value
|
|
Household Durables (continued)
|
|||
|
Somnigroup International, Inc., Term Loan B, (1-mo. SOFR
+ 2.25%), 5.88%, 10/24/31
|
USD
|
282
|
$ 282,973
|
|
Springs Windows Fashions LLC, 2024 FLFO Delayed
Draw Term Loan, (1-mo. CME Term SOFR at 1.00%
Floor + 4.50%), 8.17%, 12/19/29
|
|
86
|
84,893
|
|
SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-mo.
CME Term SOFR at 1.00% Floor + 4.50%), 8.17%,
12/19/29
|
|
129
|
127,340
|
|
Weber-Stephen Products LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.41%,
10/01/32
|
|
845
|
824,298
|
|
|
|
|
1,583,544
|
|
Household Products — 0.1%
|
|||
|
Lavender US HoldCo 1, Inc., USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.95%, 12/30/32
|
|
590
|
580,238
|
|
Independent Power and Renewable Electricity Producers — 0.5%
|
|||
|
Calpine Construction Finance Co. LP, 2025 Repriced Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
1.75%), 5.42%, 07/31/30
|
|
1,202
|
1,201,748
|
|
Constellation Renewables LLC, 2020 Term Loan, (3-mo.
CME Term SOFR at 1.00% Floor + 2.00%), 5.67%,
12/15/27
|
|
533
|
533,049
|
|
Talen Energy Supply LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 11/25/32
|
|
793
|
792,870
|
|
|
|
|
2,527,667
|
|
Industrial Conglomerates — 0.7%
|
|||
|
Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.25%), 6.95%,
09/12/32
|
|
353
|
353,556
|
|
CoorsTek, Inc., Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 3.00%), 6.67%, 10/28/32
|
|
285
|
286,355
|
|
Fluid-Flow Products, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%, 03/04/33
|
|
108
|
107,865
|
|
Heritage Environmental Services, Inc., 2026 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 3.00%),
6.68%, 04/01/33(e)
|
|
231
|
231,000
|
|
LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
3.00%), 6.67%, 12/02/31
|
|
381
|
380,379
|
|
Pinnacle Buyer LLC, Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 2.50%), 6.16%, 10/01/32
|
|
479
|
479,448
|
|
Resideo Funding, Inc., 2025 Incremental Term Loan, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
08/13/32
|
|
558
|
556,102
|
|
Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME
Term SOFR at 0.00% Floor + 2.50%), 6.10%, 02/28/33
|
|
1,166
|
1,159,074
|
|
Stitch Acquisition Corp., 2024 2nd Out Term Loan, (3-mo.
CME Term SOFR + 7.50%), 11.46%, 12/31/29(e)
|
|
61
|
49,466
|
|
|
|
|
3,603,245
|
|
Insurance — 3.5%
|
|||
|
Alliant Holdings Intermediate LLC, 2025 Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 09/19/31
|
|
3,437
|
3,407,588
|
|
AmWINS Group, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.75% Floor + 2.00%), 5.67%, 01/30/32
|
|
1,772
|
1,757,969
|
|
Amynta Agency Borrower, Inc., 2026 Repriced Term Loan
B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 12/29/31
|
|
1,282
|
1,261,486
|
|
Security
|
|
Par
(000)
|
Value
|
|
Insurance (continued)
|
|||
|
Asurion LLC, 2025 Term Loan B13, (1-mo. CME Term
SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30
|
USD
|
1,414
|
$ 1,396,068
|
|
Baldwin Insurance Group Holdings LLC, 2025 Term Loan
B2, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.18%, 05/26/31
|
|
509
|
499,395
|
|
HUB International Ltd., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%, 06/20/30
|
|
2,509
|
2,501,982
|
|
Jones DesLauriers Insurance Management Inc.,
2026 Repriced Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 3.00%), 6.66%, 02/02/33
|
|
1,191
|
1,155,385
|
|
OneDigital Borrower LLC, 2025 Repriced Term Loan, (1-
mo. CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
07/02/31
|
|
250
|
241,551
|
|
Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 09/15/31
|
|
1,198
|
1,194,676
|
|
Truist Insurance Holdings LLC
|
|
|
|
|
2024 Term Loan B, (3-mo. CME Term SOFR at 0.00%
Floor + 2.75%), 6.45%, 05/06/31
|
|
1,956
|
1,925,696
|
|
2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.00%
Floor + 4.75%), 8.45%, 05/06/32
|
|
227
|
224,220
|
|
USI, Inc.
|
|
|
|
|
2024 Term Loan C, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 09/29/30
|
|
1,016
|
1,012,647
|
|
2024 Term Loan D, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.95%, 11/21/29
|
|
1,498
|
1,493,858
|
|
|
|
|
18,072,521
|
|
Interactive Media & Services — 0.1%
|
|||
|
Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR + 2.75%), 6.42%, 01/31/31
|
|
343
|
294,894
|
|
Internet Software & Services — 0.1%
|
|||
|
Gen Digital, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.50% Floor + 1.75%), 5.42%, 04/16/32
|
|
271
|
266,381
|
|
IT Services — 1.8%
|
|||
|
Asurion LLC
|
|
|
|
|
2021 Second Lien Term Loan B4, (1-mo. CME Term
SOFR + 5.36%), 9.03%, 01/20/29
|
|
211
|
209,594
|
|
2023 Term Loan B11, (1-mo. CME Term SOFR at 0.00%
Floor + 4.35%), 8.02%, 08/19/28
|
|
64
|
63,915
|
|
2024 Term Loan B12, (1-mo. CME Term SOFR at
0.00% Floor + 4.25%), 7.92%, 09/19/30
|
|
248
|
245,029
|
|
2026 Term Loan B14, (1-mo. CME Term SOFR at
0.00% Floor + 3.75%), 7.42%, 02/23/33
|
|
180
|
173,813
|
|
Central Parent LLC, 2024 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.25%), 6.95%, 07/06/29
|
|
1,226
|
870,653
|
|
Clearwater Analytics LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 04/21/32
|
|
514
|
513,772
|
|
Epicor Software Corp., 2024 Term Loan F, (1-mo. CME
Term SOFR at 0.75% Floor + 2.50%), 6.17%, 05/30/31
|
|
1,689
|
1,655,191
|
|
Galileo Parent, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.17%, 03/03/33
|
|
424
|
414,990
|
|
Go Daddy Operating Co. LLC, 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
11/09/29
|
|
650
|
639,283
|
|
ION Platform Finance U.S., Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 3.75%), 7.45%,
10/07/32
|
|
1,455
|
1,163,350
|
|
Iron Mountain, Inc., 2023 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 01/31/31
|
|
364
|
360,975
|
|
Security
|
|
Par
(000)
|
Value
|
|
IT Services (continued)
|
|||
|
Modena Buyer LLC, Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 4.25%), 7.92%, 07/01/31
|
USD
|
285
|
$ 254,999
|
|
Project Boost Purchaser LLC, 2025 Refinancing Term
Loan, (3-mo. CME Term SOFR at 0.00% Floor +
2.75%), 6.45%, 07/16/31
|
|
873
|
839,967
|
|
Sedgwick Claims Management Services, Inc., 2023 Term
Loan B, (1-mo. CME Term SOFR at 0.00% Floor +
2.50%), 6.17%, 07/31/31
|
|
1,795
|
1,759,718
|
|
Shift4 Payments, LLC, 2025 Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.65%,
07/03/32
|
|
318
|
317,210
|
|
|
|
|
9,482,459
|
|
Leisure Products — 0.2%
|
|||
|
Bombardier Recreational Products, Inc., 2024 Term Loan
B4, (1-mo. CME Term SOFR at 0.00% Floor + 2.25%),
5.92%, 01/22/31
|
|
302
|
302,431
|
|
City Football Group Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 3.50%), 7.28%, 07/22/30
|
|
695
|
692,243
|
|
|
|
|
994,674
|
|
Machinery — 2.3%
|
|||
|
AI Aqua Merger Sub, Inc., 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.75%), 6.29%, 07/31/28
|
|
1,237
|
1,233,428
|
|
Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME
Term SOFR + 2.50%), 6.16%, 03/15/30
|
|
239
|
238,151
|
|
Columbus McKinnon Corp., 2026 Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 3.50%), 7.20%,
02/03/33
|
|
798
|
794,263
|
|
CompoSecure Holdings LLC, Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.93%, 01/14/33
|
|
1,190
|
1,184,800
|
|
Filtration Group Corp., 2025 USD Term Loan, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 10/21/28
|
|
1,470
|
1,469,795
|
|
Generac Power Systems, Inc., 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
07/03/31
|
|
153
|
153,438
|
|
GrafTech Global Enterprises, Inc., 2024 Term Loan, (3-mo.
CME Term SOFR at 2.00% Floor + 6.00%), 9.67%,
12/21/29
|
|
105
|
99,208
|
|
Indicor LLC, 2026 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.20%, 11/22/29
|
|
413
|
412,263
|
|
LSF12 Helix Parent LLC, USD Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.17%, 02/10/33
|
|
744
|
732,859
|
|
Madison IAQ LLC, Term Loan, (6-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.13%, 06/21/28
|
|
1,780
|
1,777,896
|
|
PECF USS Intermediate Holding III Corp., 2026 Term
Loan, (3-mo. CME Term SOFR at 2.00% Floor +
7.50%), 11.17%, 03/03/33
|
|
80
|
76,383
|
|
Tega MC Australia Holdings Pty. Ltd., Term Loan B,
03/25/33(e)(o)
|
|
351
|
348,368
|
|
TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B,
(6-mo. CME Term SOFR at 0.50% Floor + 2.75%),
6.38%, 04/30/30
|
|
1,829
|
1,832,330
|
|
WEC U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 01/27/31
|
|
1,523
|
1,520,196
|
|
|
|
|
11,873,378
|
|
Media — 1.5%
|
|||
|
Altice France SA, 2025 USD Term Loan B14, (3-mo. CME
Term SOFR at 0.00% Floor + 6.88%), 10.55%,
05/31/31
|
|
885
|
885,006
|
|
Security
|
|
Par
(000)
|
Value
|
|
Media (continued)
|
|||
|
Charter Communications Operating LLC
|
|
|
|
|
2023 Term Loan B4, (3-mo. CME Term SOFR at 0.00%
Floor + 2.00%), 5.66%, 12/07/30
|
USD
|
631
|
$ 630,238
|
|
2024 Term Loan B5, (3-mo. CME Term SOFR at 0.00%
Floor + 2.25%), 5.91%, 12/15/31
|
|
481
|
480,579
|
|
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan,
(1-mo. CME Term SOFR at 0.00% Floor + 4.11%),
7.78%, 08/23/28
|
|
347
|
347,844
|
|
CSC Holdings LLC, 2019 Term Loan B5, (Prime + 1.50%),
8.25%, 04/15/27
|
|
1,614
|
1,419,048
|
|
ECL Entertainment LLC, 2025 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.00%), 6.67%, 08/30/30
|
|
375
|
372,255
|
|
Gray Media, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 5.25%), 8.92%, 06/04/29
|
|
4
|
3,494
|
|
Learfield Communications LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.50%), 8.17%,
06/30/28
|
|
355
|
355,137
|
|
NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.50%), 8.17%, 10/17/31
|
|
850
|
766,640
|
|
Nexstar Broadcasting, Inc., 2026 Term Loan B7, (1-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.40%,
03/18/33
|
|
483
|
477,165
|
|
Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. CME
Term SOFR at 0.00% Floor + 3.61% and 1.50% PIK),
8.78%, 09/25/29(i)
|
|
2,067
|
1,833,903
|
|
Telenet Financing USD LLC, 2020 USD Term Loan AR,
(1-mo. CME Term SOFR at 0.00% Floor + 2.11%),
5.79%, 04/28/28
|
|
180
|
177,563
|
|
|
|
|
7,748,872
|
|
Metals & Mining — 0.1%
|
|||
|
Covia Holdings LLC, 2025 Repriced Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.40%,
02/26/32
|
|
710
|
707,512
|
|
Multi-Utilities — 0.2%
|
|||
|
GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 03/03/32
|
|
1,298
|
1,297,670
|
|
Oil, Gas & Consumable Fuels — 0.9%
|
|||
|
Blackfin Pipeline LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 09/29/32
|
|
253
|
254,394
|
|
Buckeye Partners LP, 2025 Term Loan B7, (1-mo. CME
Term SOFR at 0.00% Floor + 1.75%), 5.42%, 11/22/32
|
|
236
|
236,937
|
|
Freeport LNG Investments, LLLP, 2026 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.89%,
02/11/33
|
|
954
|
953,208
|
|
GIP Pilot Acquisition Partners LP, 2025 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.00%), 5.65%,
10/04/30
|
|
130
|
130,343
|
|
Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.43%, 02/11/30(e)
|
|
439
|
438,022
|
|
Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.69%, 09/22/32
|
|
148
|
147,753
|
|
Murphy USA, Inc., Term Loan B, (1-mo. CME Term SOFR
at 0.50% Floor + 1.75%), 5.42%, 04/07/32
|
|
173
|
173,915
|
|
NGL Energy Partners LP, 2026 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.50%), 7.18%, 03/11/33
|
|
376
|
376,000
|
|
Security
|
|
Par
(000)
|
Value
|
|
Oil, Gas & Consumable Fuels (continued)
|
|||
|
Oryx Midstream Services Permian Basin LLC, 2025 Term
Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.25%), 5.93%, 10/05/28
|
USD
|
1,438
|
$ 1,438,723
|
|
TransMontaigne Partners LLC, Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.25%), 5.92%, 03/16/30
|
|
296
|
295,467
|
|
Whitewater Matterhorn Holdings LLC, 2026 Term Loan B,
(3-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.45%, 06/16/32
|
|
450
|
446,840
|
|
|
|
|
4,891,602
|
|
Passenger Airlines — 0.9%
|
|||
|
AAdvantage Loyalty IP Ltd., 2025 Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.92%, 04/20/28
|
|
484
|
479,247
|
|
Air Canada, 2024 Term Loan B, (3-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.42%, 03/21/31
|
|
821
|
812,706
|
|
American Airlines, Inc.
|
|
|
|
|
Series AA, 2017 1st Lien Term Loan, (3-mo. CME Term
SOFR at 0.00% Floor + 1.85%), 5.52%, 01/29/27
|
|
410
|
406,740
|
|
2023 1st Lien Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 2.25%), 5.91%, 06/04/29
|
|
337
|
326,416
|
|
2024 1st Lien Term Loan B, (6-mo. CME Term SOFR at
0.00% Floor + 2.25%), 6.00%, 02/15/28
|
|
650
|
632,325
|
|
JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 4.75%), 8.44%, 08/27/29
|
|
843
|
764,735
|
|
Stonepeak Nile Parent LLC, 2025 Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.92%,
04/09/32
|
|
443
|
441,681
|
|
United Airlines, Inc., 2026 Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 1.75%), 5.43%, 02/22/31
|
|
701
|
698,154
|
|
|
|
|
4,562,004
|
|
Pharmaceuticals — 0.7%
|
|||
|
Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
08/01/32
|
|
1,182
|
1,185,141
|
|
Elanco Animal Health, Inc., 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
10/31/32
|
|
309
|
309,282
|
|
Endo Finance Holdings, Inc., 2024 1st Lien Term Loan,
(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),
7.42%, 04/23/31
|
|
283
|
280,904
|
|
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2,
(1-mo. CME Term SOFR + 2.25%), 5.92%, 05/05/28
|
|
1,074
|
1,076,624
|
|
Organon & Co., 2024 USD Term Loan, (1-mo. CME Term
SOFR at 0.50% Floor + 2.25%), 5.92%, 05/19/31
|
|
195
|
185,356
|
|
Perrigo Investments LLC, 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 04/20/29
|
|
328
|
325,703
|
|
PRA Health Sciences, Inc., 2024 US Term Loan B, (3-mo.
CME Term SOFR at 0.50% Floor + 2.00%), 5.70%,
07/03/28
|
|
62
|
62,241
|
|
|
|
|
3,425,251
|
|
Professional Services — 1.3%
|
|||
|
AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 08/12/32
|
|
499
|
493,784
|
|
Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 2.00%), 5.67%, 09/29/31
|
|
696
|
695,842
|
|
CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 3.61%), 7.28%, 06/02/28
|
|
1,048
|
1,000,151
|
|
Security
|
|
Par
(000)
|
Value
|
|
Professional Services (continued)
|
|||
|
Corpay Technologies Operating Co. LLC, Term Loan B5,
(1-mo. CME Term SOFR at 0.00% Floor + 1.75%),
5.42%, 04/28/28
|
USD
|
1,240
|
$ 1,238,338
|
|
Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term
SOFR at 0.50% Floor + 2.00% and 3.25% PIK), 9.42%,
07/31/30(i)
|
|
337
|
289,458
|
|
Trans Union LLC
|
|
|
|
|
2024 Term Loan B8, (3-mo. CME Term SOFR at 0.00%
Floor + 1.75%), 5.45%, 06/24/31
|
|
1,007
|
1,000,735
|
|
2024 Term Loan B9, (3-mo. CME Term SOFR at 0.50%
Floor + 1.75%), 5.45%, 06/24/31
|
|
531
|
527,917
|
|
Zelis Payments Buyer, Inc.
|
|
|
|
|
5th Amendment Term Loan, (1-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.92%, 11/26/31
|
|
1,179
|
1,138,986
|
|
Term Loan B, (1-mo. CME Term SOFR + 2.75%),
6.42%, 09/28/29
|
|
635
|
613,989
|
|
|
|
|
6,999,200
|
|
Real Estate Management & Development — 0.1%
|
|||
|
Cushman & Wakefield U.S. Borrower LLC, 2025 Term
Loan B3, (1-mo. CME Term SOFR at 0.50% Floor +
2.75%), 6.42%, 01/31/30(e)
|
|
254
|
254,886
|
|
Semiconductors & Semiconductor Equipment — 0.3%
|
|||
|
Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term SOFR
at 0.00% Floor + 1.75%), 5.43%, 07/06/29
|
|
414
|
414,212
|
|
Qnity Electronics, Inc., Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 2.00%), 5.67%, 11/01/32
|
|
1,354
|
1,350,223
|
|
|
|
|
1,764,435
|
|
Software — 5.4%
|
|||
|
Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.25%), 5.95%,
02/24/31
|
|
1,991
|
1,949,623
|
|
Avalara, Inc., 2025 Term Loan, (3-mo. CME Term SOFR at
0.00% Floor + 2.75%), 6.45%, 03/26/32
|
|
653
|
637,127
|
|
Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 4.50%), 8.17%, 08/15/29
|
|
555
|
350,936
|
|
Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo.
CME Term SOFR at 0.00% Floor + 3.00%), 6.67%,
07/30/31
|
|
1,831
|
1,692,884
|
|
Capstone Borrower, Inc., 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.75%), 6.45%, 06/17/30
|
|
360
|
341,479
|
|
CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME
Term SOFR + 2.00%), 5.67%, 01/23/32
|
|
904
|
896,546
|
|
Cloud Software Group, Inc.
|
|
|
|
|
2025 Term Loan B (2031), (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 03/21/31
|
|
1,542
|
1,407,905
|
|
2025 Term Loan B (2032), (3-mo. CME Term SOFR at
0.00% Floor + 3.25%), 6.95%, 08/13/32
|
|
1,606
|
1,464,365
|
|
Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term SOFR
at 0.50% Floor + 3.85%), 7.52%, 10/08/28
|
|
262
|
232,718
|
|
Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term
SOFR at 0.00% Floor + 4.00%), 7.68%, 12/09/31
|
|
714
|
682,555
|
|
Darktrace PLC, 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.25%), 6.90%, 10/09/31
|
|
213
|
203,371
|
|
Dayforce, Inc., 2026 Term Loan, (3-mo. CME Term SOFR
at 0.00% Floor + 3.00%), 6.66%, 02/04/33
|
|
1,370
|
1,294,266
|
|
DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME
Term SOFR + 4.25%), 7.95%, 06/26/31
|
|
338
|
316,322
|
|
Ellucian Holdings, Inc.
|
|
|
|
|
2024 1st Lien Term Loan B, (1-mo. CME Term SOFR at
0.50% Floor + 2.50%), 6.17%, 10/08/29
|
|
1,733
|
1,682,830
|
|
Security
|
|
Par
(000)
|
Value
|
|
Software (continued)
|
|||
|
Ellucian Holdings, Inc. (continued)
|
|
|
|
|
2024 2nd Lien Term Loan, (1-mo. CME Term SOFR at
0.50% Floor + 4.75%), 8.42%, 11/22/32
|
USD
|
284
|
$ 270,984
|
|
Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term
SOFR + 1.75%), 5.42%, 09/12/29
|
|
1,735
|
1,715,405
|
|
Genesys Cloud Services, Inc., 2025 USD Term Loan B,
(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),
6.17%, 01/30/32
|
|
1,358
|
1,297,414
|
|
Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME
Term SOFR at 0.00% Floor + 3.25%), 6.92%, 03/22/32
|
|
1,993
|
1,855,789
|
|
McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,
03/01/29
|
|
920
|
818,976
|
|
MH Sub I LLC, 2024 Term Loan B4, (1-mo. CME Term
SOFR at 0.50% Floor + 4.25%), 7.92%, 12/31/31
|
|
319
|
211,419
|
|
Mitchell International, Inc., 2024 2nd Lien Term Loan, (1-
mo. CME Term SOFR + 5.25%), 8.92%, 06/17/32
|
|
163
|
146,026
|
|
MKS Instruments, Inc., 2026 USD Term Loan B, (1-mo.
CME Term SOFR at 0.50% Floor + 1.75%), 5.41%,
02/04/33
|
|
766
|
766,237
|
|
Ping Identity Corp., 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.75%), 6.42%, 11/15/32(e)
|
|
296
|
291,930
|
|
Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 08/31/28
|
|
2,033
|
1,964,875
|
|
Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME
Term SOFR at 0.00% Floor + 2.25%), 5.95%,
06/28/30(e)
|
|
529
|
439,014
|
|
RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term
SOFR + 3.26%), 6.96%, 04/24/28
|
|
920
|
879,658
|
|
SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo.
CME Term SOFR at 0.00% Floor + 2.00%), 5.67%,
05/09/31
|
|
1,433
|
1,427,409
|
|
UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR at
0.00% Floor + 2.50%), 6.17%, 02/10/31
|
|
1,511
|
1,442,054
|
|
VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.92%, 04/12/31
|
|
1,436
|
1,400,258
|
|
|
|
|
28,080,375
|
|
Specialty Retail — 1.3%
|
|||
|
Belron Finance 2019 LLC, 2026 Repriced Term Loan B,
(3-mo. CME Term SOFR at 0.50% Floor + 2.00%),
5.66%, 10/16/31
|
|
1,901
|
1,899,357
|
|
Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. CME
Term SOFR at 0.50% Floor + 3.00%), 6.70%, 01/20/32
|
|
1,147
|
1,140,671
|
|
LS Group OpCo Acquistion LLC, 2025 Term Loan B, (3-
mo. CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
04/23/31
|
|
509
|
507,604
|
|
Mavis Tire Express Services Topco Corp., 2025 Repriced
Term Loan, (1-mo. CME Term SOFR at 0.75% Floor +
3.00%), 6.67%, 05/04/28
|
|
1,722
|
1,718,743
|
|
Peer USA LLC, 2025 USD Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 2.25%), 5.95%, 10/14/32
|
|
193
|
191,070
|
|
Project Aurora US Finco, Inc., USD Term Loan, (3-mo.
CME Term SOFR at 0.00% Floor + 2.75%), 6.45%,
12/06/32
|
|
133
|
133,000
|
|
Pye-Barker Fire & Safety LLC, 2025 Term Loan, (1-mo.
CME Term SOFR at 0.00% Floor + 2.50%), 6.17%,
12/16/32
|
|
611
|
611,283
|
|
Security
|
|
Par
(000)
|
Value
|
|
Specialty Retail (continued)
|
|||
|
Restoration Hardware, Inc.
|
|
|
|
|
2022 Incremental Term Loan, (1-mo. CME Term SOFR
at 0.50% Floor + 3.35%), 7.02%, 10/20/28
|
USD
|
140
|
$ 138,589
|
|
Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor +
2.50%), 6.28%, 10/20/28
|
|
304
|
295,573
|
|
|
|
|
6,635,890
|
|
Technology Hardware, Storage & Peripherals — 0.3%
|
|||
|
Finastra USA, Inc., 2025 USD Term Loan, (3-mo. CME
Term SOFR at 0.00% Floor + 4.00%), 7.67%, 09/15/32
|
|
1,841
|
1,725,937
|
|
Textiles, Apparel & Luxury Goods — 0.1%
|
|||
|
ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw
Term Loan, (1-mo. CME Term SOFR at 0.00% Floor +
2.25%), 5.92%, 02/13/32
|
|
351
|
348,968
|
|
Tobacco — 0.0%
|
|||
|
Savor Acquisition, Inc., Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.67%, 02/19/32
|
|
34
|
33,836
|
|
Trading Companies & Distributors — 0.1%
|
|||
|
TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo. CME
Term SOFR at 1.00% Floor + 4.00%), 7.67%,
07/02/29(e)
|
|
786
|
357,714
|
|
Transportation Infrastructure — 0.7%
|
|||
|
Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term
SOFR at 0.00% Floor + 2.50%), 6.17%, 09/23/31
|
|
1,720
|
1,720,094
|
|
Brown Group Holding LLC, Term Loan B, (1-mo. CME
Term SOFR at 0.50% Floor + 2.50%), 6.17%, 07/01/31
|
|
706
|
706,868
|
|
OLA Netherlands BV, Term Loan, (1-mo. CME Term SOFR
at 0.75% Floor + 6.35%), 10.02%, 12/15/26
|
|
609
|
604,443
|
|
Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term
SOFR at 0.00% Floor + 3.00%), 6.70%, 03/18/30
|
|
756
|
753,963
|
|
SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME Term
SOFR at 2.00% Floor + 8.00%), 11.66%, 08/20/29
|
|
257
|
98,915
|
|
|
|
|
3,884,283
|
|
Wireless Telecommunication Services — 0.4%
|
|||
|
Digicel International Finance Ltd., 2025 Term Loan B, (1-
mo. CME Term SOFR at 0.00% Floor + 5.25%), 8.92%,
08/06/32
|
|
355
|
354,297
|
|
SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 1.75%), 5.42%,
01/25/31
|
|
1,015
|
1,017,453
|
|
Windstream Services LLC, 2025 Term Loan B, (1-mo.
CME Term SOFR at 0.00% Floor + 4.00%), 7.67%,
10/06/32
|
|
707
|
706,789
|
|
|
|
|
2,078,539
|
|
Total Floating Rate Loan Interests — 57.7%
(Cost: $309,018,427)
|
301,142,687
|
||
|
Foreign Agency Obligations
|
|||
|
Argentina — 0.0%
|
|
||
|
Argentine Republic Government International Bonds,
1.75%, 07/09/30(n)
|
|
24
|
20,514
|
|
Barbados — 0.0%
|
|
||
|
Barbados Government International Bonds, 8.00%,
06/26/35(b)
|
|
93
|
94,953
|
|
Security
|
|
Par
(000)
|
Value
|
|
Benin — 0.0%
|
|
||
|
Benin Government International Bonds, 7.96%,
02/13/38(b)
|
USD
|
200
|
$ 195,665
|
|
Brazil — 0.1%
|
|
||
|
Brazil Government International Bonds, 6.63%, 03/15/35
|
|
200
|
204,600
|
|
Bulgaria — 0.0%
|
|
||
|
Bulgaria Government International Bonds, Series 13Y,
5.00%, 03/05/37(f)
|
|
58
|
55,859
|
|
Chile — 0.0%
|
|
||
|
Chile Government International Bonds, 4.34%, 03/07/42(c)
|
|
200
|
175,400
|
|
Dominican Republic — 0.1%
|
|
||
|
Dominican Republic International Bonds(b)
|
|
|
|
|
4.50%, 01/30/30
|
|
200
|
190,000
|
|
7.05%, 02/03/31
|
|
150
|
155,100
|
|
|
|
|
345,100
|
|
Egypt — 0.1%
|
|
||
|
Egypt Government International Bonds
|
|
|
|
|
5.63%, 04/16/30(f)
|
EUR
|
100
|
107,962
|
|
7.50%, 02/16/61(b)
|
USD
|
200
|
152,080
|
|
|
|
|
260,042
|
|
Guatemala — 0.1%
|
|
||
|
Guatemala Government Bonds, 7.05%, 10/04/32(b)(c)
|
|
200
|
214,000
|
|
Hungary — 0.0%
|
|
||
|
Hungary Government International Bonds, 5.50%,
03/26/36(b)(c)
|
|
200
|
194,500
|
|
Ivory Coast — 0.1%
|
|
||
|
Ivory Coast Government International Bonds
|
|
|
|
|
5.88%, 10/17/31(f)
|
EUR
|
100
|
112,753
|
|
8.08%, 04/01/36(b)
|
USD
|
200
|
203,218
|
|
|
|
|
315,971
|
|
Latvia — 0.0%
|
|
||
|
Latvia Government International Bonds, 5.13%,
07/30/34(b)(c)
|
|
200
|
200,250
|
|
Mexico — 0.1%
|
|
||
|
Eagle Funding Luxco SARL, 5.50%, 08/17/30(b)(c)
|
|
250
|
250,625
|
|
Mexico Government International Bonds
|
|
|
|
|
5.38%, 03/22/33(c)
|
|
200
|
195,400
|
|
5.38%, 05/16/40
|
EUR
|
162
|
180,344
|
|
|
|
|
626,369
|
|
Morocco — 0.0%
|
|
||
|
Morocco Government International Bonds, 2.38%,
12/15/27(b)
|
USD
|
200
|
192,030
|
|
Nigeria — 0.1%
|
|
||
|
Nigeria Government International Bonds, 10.38%,
12/09/34(b)
|
|
200
|
228,800
|
|
Peru — 0.0%
|
|
||
|
Peru Government International Bonds
|
|
|
|
|
2.78%, 01/23/31
|
|
95
|
86,733
|
|
1.86%, 12/01/32
|
|
62
|
51,088
|
|
|
|
|
137,821
|
|
Romania — 0.1%
|
|
||
|
Romanian Government International Bonds
|
|
|
|
|
5.25%, 11/25/27(b)
|
|
62
|
61,952
|
|
2.12%, 07/16/31(f)
|
EUR
|
156
|
154,751
|
|
Security
|
|
Par
(000)
|
Value
|
|
Romania (continued)
|
|
||
|
Romanian Government International Bonds (continued)
|
|
|
|
|
4.63%, 03/04/33(b)
|
EUR
|
59
|
$ 63,635
|
|
6.25%, 09/10/34(b)
|
|
91
|
106,497
|
|
6.75%, 07/11/39(b)
|
|
13
|
14,972
|
|
6.50%, 10/07/45(b)
|
|
16
|
17,667
|
|
|
|
|
419,474
|
|
Serbia — 0.0%
|
|
||
|
Serbia International Bonds, 6.00%, 06/12/34(b)
|
USD
|
200
|
200,000
|
|
South Africa — 0.1%
|
|
||
|
Republic of South Africa Government International Bonds
|
|
|
|
|
7.10%, 11/19/36(b)
|
|
200
|
204,926
|
|
Series 30Y, 5.00%, 10/12/46
|
|
230
|
165,025
|
|
|
|
|
369,951
|
|
Turkey — 0.0%
|
|
||
|
Turkiye Government International Bonds, Series 7Y,
7.13%, 02/12/32
|
|
200
|
200,300
|
|
Uzbekistan — 0.0%
|
|
||
|
Republic of Uzbekistan International Bonds, 5.38%,
05/29/27(b)
|
EUR
|
100
|
116,309
|
|
Total Foreign Agency Obligations — 0.9%
(Cost: $4,896,577)
|
4,767,908
|
||
|
|
|
Shares
|
|
|
Investment Companies
|
|||
|
Equity Funds — 3.8%
|
|
||
|
H-Food Holdings, LLC
|
|
4,335
|
80,198
|
|
Invesco Senior Loan ETF
|
|
595,000
|
12,143,950
|
|
State Street Blackstone Senior Loan ETF
|
|
195,000
|
7,827,300
|
|
|
|
|
20,051,448
|
|
Total Investment Companies — 3.8%
(Cost: $20,408,639)
|
20,051,448
|
||
|
|
|
Par
(000)
|
|
|
Non-Agency Mortgage-Backed Securities
|
|||
|
Collateralized Mortgage Obligations — 2.2%
|
|||
|
Alternative Loan Trust
|
|
|
|
|
Series 2005-54CB, Class 3A4, 5.50%, 11/25/35
|
USD
|
920
|
471,735
|
|
Series 2006-J8, Class A5, 6.00%, 02/25/37
|
|
1,731
|
636,264
|
|
Series 2007-19, Class 1A1, 6.00%, 08/25/37
|
|
528
|
236,711
|
|
CHL Mortgage Pass-Through Trust
|
|
|
|
|
Series 2005-17, Class 1A6, 5.50%, 09/25/35
|
|
61
|
60,395
|
|
Series 2006-17, Class A2, 6.00%, 12/25/36
|
|
611
|
263,910
|
|
Series 2007-HY5, Class 3A1, 4.92%, 09/25/37(a)
|
|
135
|
126,804
|
|
COLT Mortgage Loan Trust(b)
|
|
|
|
|
Series 2024-7, Class A1, 5.54%, 12/26/69
|
|
1,114
|
1,117,076
|
|
Series 2024-INV4, Class A1, 5.61%, 05/25/69(c)
|
|
1,004
|
1,008,710
|
|
Deephaven Residential Mortgage Trust, Series 2025-INV1,
Class A1, 5.09%, 11/25/60(a)(b)(c)
|
|
890
|
887,201
|
|
Ellington Financial Mortgage Trust, Series 2021-2,
Class A1, 0.93%, 06/25/66(a)(b)
|
|
159
|
135,596
|
|
Security
|
|
Par
(000)
|
Value
|
|
Collateralized Mortgage Obligations (continued)
|
|||
|
GCAT Trust(a)(b)
|
|
|
|
|
Series 2022-NQM3, Class A1, 4.35%, 04/25/67(c)
|
USD
|
1,185
|
$ 1,181,391
|
|
Series 2024-INV4, Class A2, 5.50%, 12/25/54
|
|
752
|
750,847
|
|
GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3,
4.63%, 10/25/35(a)
|
|
290
|
141,668
|
|
Homes Trust, Series 2024-NQM2, Class A1, 5.72%,
10/25/69(b)
|
|
450
|
452,280
|
|
JP Morgan Mortgage Trust, Series 2022-DSC1, Class A1,
4.75%, 01/25/63(a)(b)
|
|
282
|
277,046
|
|
OBX Trust(b)
|
|
|
|
|
Series 2023-NQM6, Class A1, 6.52%, 07/25/63
|
|
569
|
569,633
|
|
Series 2024-NQM17, Class A1, 5.61%, 11/25/64(a)
|
|
839
|
843,030
|
|
Sequoia Mortgage Trust, Series 2024-INV1, Class A3,
5.50%, 10/25/54(a)(b)
|
|
660
|
657,428
|
|
Spruce Hill Mortgage Loan Trust, Series 2022-SH1,
Class A1A, 4.10%, 07/25/57(b)
|
|
451
|
446,016
|
|
Verus Securitization Trust, Series 2022-3, Class A1,
5.13%, 02/25/67(b)(c)
|
|
1,058
|
1,010,580
|
|
|
|
|
11,274,321
|
|
Commercial Mortgage-Backed Securities(b) — 2.5%
|
|||
|
BFLD Commercial Mortgage Trust, Series 2024-UNIV,
Class D, (1 mo. Term SOFR + 2.69%), 6.36%,
11/15/41(a)
|
|
630
|
630,197
|
|
BHMS Commercial Mortgage Trust, Series 2025-ATLS,
Class A, (1 mo. Term SOFR + 1.85%), 5.52%,
08/15/42(a)
|
|
381
|
381,245
|
|
BLP Commercial Mortgage Trust, Series 2024-INDS,
Class D, (1 mo. Term SOFR + 2.59%), 6.26%,
03/15/41(a)
|
|
343
|
341,805
|
|
BPR Commercial Mortgage Trust, Series 2024-PARK,
Class D, 6.53%, 11/05/39(a)
|
|
200
|
206,765
|
|
BX Commercial Mortgage Trust(a)
|
|
|
|
|
Series 2021-CIP, Class A, (1 mo. Term SOFR + 1.04%),
4.71%, 12/15/38
|
|
847
|
846,287
|
|
Series 2024-MF, Class C, (1 mo. Term SOFR + 1.94%),
5.61%, 02/15/39
|
|
452
|
451,441
|
|
Series 2024-XL4, Class C, (1 mo. Term SOFR +
2.19%), 5.86%, 02/15/39
|
|
80
|
80,068
|
|
BX Trust(a)
|
|
|
|
|
Series 2022 VAMF, Class A, (1 mo. Term SOFR +
0.85%), 4.52%, 01/15/39
|
|
913
|
912,660
|
|
Series 2024-BIO, Class C, (1 mo. Term SOFR + 2.64%),
6.31%, 02/15/41
|
|
240
|
237,675
|
|
Series 2024-CNYN, Class C, (1 mo. Term SOFR +
1.94%), 5.61%, 04/15/41
|
|
570
|
570,013
|
|
Century Plaza Towers, Series 2019-CPT, Class C, 3.00%,
11/13/39(a)
|
|
250
|
224,365
|
|
CONE Trust, Series 2024-DFW1, Class D, (1 mo. Term
SOFR + 3.04%), 6.71%, 08/15/41(a)
|
|
660
|
653,697
|
|
DBC Mortgage Trust, Series 2025-DBC, Class C, (1 mo.
Term SOFR + 2.05%), 5.72%, 11/15/42(a)
|
|
1,240
|
1,235,352
|
|
DC Trust, Series 2024-HLTN, Class C, 7.04%, 04/13/40(a)
|
|
220
|
218,335
|
|
DK Trust(a)
|
|
|
|
|
Series 2025-LXP, Class B, (1 mo. Term SOFR + 1.84%),
5.52%, 08/15/37
|
|
274
|
274,000
|
|
Series 2025-LXP, Class C, (1 mo. Term SOFR +
2.24%), 5.92%, 08/15/37
|
|
293
|
293,000
|
|
GS Mortgage Securities Corp. Trust(a)
|
|
|
|
|
Series 2025-800D, Class A, (1 mo. Term SOFR +
2.65%), 6.33%, 11/25/41
|
|
454
|
453,521
|
|
Security
|
|
Par
(000)
|
Value
|
|
Commercial Mortgage-Backed Securities (continued)
|
|||
|
GS Mortgage Securities Corp. Trust(a) (continued)
|
|
|
|
|
Series 2025-800D, Class B, (1 mo. Term SOFR +
3.45%), 7.13%, 11/25/41
|
USD
|
900
|
$ 897,855
|
|
JW Commercial Mortgage Trust, Series 2024-MRCO,
Class C, (1 mo. Term SOFR + 2.39%), 6.06%,
06/15/39(a)
|
|
800
|
800,000
|
|
MCR Mortgage Trust, Series 2024-TWA, Class E, 8.73%,
06/12/39
|
|
790
|
792,383
|
|
MIC Trust, Series 2023-MIC, Class B, 9.53%, 12/05/38(a)
|
|
234
|
250,126
|
|
SELF Commercial Mortgage Trust, Series 2024-STRG,
Class D, (1 mo. Term SOFR + 2.94%), 6.61%,
11/15/34(a)
|
|
189
|
188,764
|
|
SLG Office Trust(a)(d)
|
|
|
|
|
Series 2026-OMA, Class E, 04/15/41
|
|
115
|
115,225
|
|
Series 2026-OMA, Class F, 04/15/41
|
|
235
|
235,447
|
|
VEGAS, Series 2024-GCS, Class D, 6.22%, 07/10/36(a)
|
|
572
|
569,098
|
|
VRTX Trust, Series 2025-HQ, Class B, 5.49%, 08/05/42(a)
|
|
895
|
890,038
|
|
Wells Fargo Commercial Mortgage Trust, Series 2024-
BPRC, Class D, 7.08%, 07/15/43
|
|
250
|
250,061
|
|
|
|
|
12,999,423
|
|
Total Non-Agency Mortgage-Backed Securities — 4.7%
(Cost: $25,324,785)
|
24,273,744
|
||
|
Preferred Securities
|
|||
|
Capital Trusts — 6.4%(a)
|
|||
|
Banks(c)(j) — 0.5%
|
|
||
|
ING Groep NV, 3.88%
|
|
1,750
|
1,685,290
|
|
Nordea Bank Abp, 3.75%(b)
|
|
560
|
519,243
|
|
PNC Financial Services Group, Inc., Series W, 6.25%
|
|
619
|
624,431
|
|
|
|
|
2,828,964
|
|
Capital Markets — 0.0%
|
|
||
|
State Street Corp., 4.94%, 06/01/77(c)
|
|
194
|
168,375
|
|
Electric Utilities — 1.2%
|
|
||
|
Electricite de France SA, 3.00%(f)(j)
|
EUR
|
200
|
227,414
|
|
NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79(c)
|
USD
|
3,750
|
3,744,091
|
|
PG&E Corp., 7.38%, 03/15/55(c)
|
|
2,078
|
2,091,329
|
|
|
|
|
6,062,834
|
|
Financial Services(c) — 4.0%
|
|
||
|
Bank of America Corp., Series OO, 6.63%(j)
|
|
4,260
|
4,367,544
|
|
Barclays PLC(j)
|
|
|
|
|
4.38%
|
|
2,455
|
2,327,845
|
|
8.00%
|
|
2,200
|
2,276,469
|
|
9.63%
|
|
805
|
878,058
|
|
JPMorgan Chase & Co.
|
|
|
|
|
Series II, 6.44%(j)
|
|
4,000
|
4,005,048
|
|
Series U, 4.88%, 01/15/87
|
|
325
|
298,756
|
|
Lloyds Banking Group PLC, 6.75%(j)
|
|
450
|
451,906
|
|
NatWest Group PLC, 8.13%(j)
|
|
735
|
795,657
|
|
UBS Group AG(b)(j)
|
|
|
|
|
Series NC10, 9.25%
|
|
4,400
|
4,955,452
|
|
Series NC5, 9.25%
|
|
200
|
213,165
|
|
|
|
|
20,569,900
|
|
Security
|
|
Par
(000)
|
Value
|
|
Independent Power and Renewable Electricity Producers(b)(j) — 0.1%
|
|
||
|
NRG Energy, Inc., 10.25%(c)
|
USD
|
424
|
$ 457,378
|
|
Vistra Corp., 7.00%
|
|
209
|
209,268
|
|
|
|
|
666,646
|
|
Pharmaceuticals(c) — 0.6%
|
|
||
|
CVS Health Corp.
|
|
|
|
|
6.75%, 12/10/54
|
|
635
|
642,965
|
|
7.00%, 03/10/55
|
|
2,605
|
2,684,681
|
|
|
|
|
3,327,646
|
|
|
33,624,365
|
||
|
|
|
Shares
|
|
|
Preferred Stocks — 0.3%(g)
|
|||
|
Capital Markets — 0.3%
|
|
||
|
Morgan Stanley, Series F, 6.88%(j)
|
|
55,000
|
1,377,750
|
|
Ground Transportation — 0.0%
|
|
||
|
Sirva BGRS Holdings, Inc., 07/21/30
|
|
107
|
18,660
|
|
IT Services(e) — 0.0%
|
|
||
|
Veritas Newco
|
|
|
|
|
Series G
|
|
2,283
|
43,377
|
|
Series G-1
|
|
1,576
|
29,944
|
|
|
|
|
73,321
|
|
|
1,469,731
|
||
|
Total Preferred Securities — 6.7%
(Cost: $34,795,145)
|
35,094,096
|
||
|
|
|
Par
(000)
|
|
|
U.S. Government Sponsored Agency Securities
|
|||
|
Mortgage-Backed Securities(c) — 2.7%
|
|
||
|
Freddie Mac Mortgage-Backed Securities, 4.00%,
05/01/39
|
USD
|
716
|
700,513
|
|
Uniform Mortgage-Backed Securities
|
|
|
|
|
3.50%, 09/01/42 - 10/01/42
|
|
7,625
|
7,206,652
|
|
4.50%, 06/01/44
|
|
1,390
|
1,371,642
|
|
5.00%, 11/01/44 - 04/13/56(p)
|
|
4,697
|
4,660,491
|
|
|
|
|
13,939,298
|
|
Total U.S. Government Sponsored Agency Securities — 2.7%
(Cost: $13,761,681)
|
13,939,298
|
||
|
Security
|
|
Shares
|
Value
|
|
Warrants
|
|||
|
Financial Services — 0.0%
|
|
||
|
Service King (Carnelian Point), (Exercisable 01/14/23,
1 Share for 1 Warrant, Expires 06/30/27, Strike Price
USD 10.00)(g)
|
|
1,315
|
$ —
|
|
Total Warrants — 0.0%
(Cost: $ — )
|
—
|
||
|
Total Long-Term Investments — 157.0%
(Cost: $831,400,530)
|
819,018,004
|
||
|
Short-Term Securities
|
|||
|
Money Market Funds — 0.0%
|
|
||
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
3.55%(q)(r)
|
|
276,567
|
276,567
|
|
Total Short-Term Securities — 0.0%
(Cost: $276,567)
|
276,567
|
||
|
Total Investments — 157.0%
(Cost: $831,677,097)
|
819,294,571
|
||
|
Liabilities in Excess of Other Assets — (57.0)%
|
(297,604,357
)
|
||
|
Net Assets — 100.0%
|
$ 521,690,214
|
||
|
(a)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from registration
to
qualified institutional investors.
|
|
(c)
|
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
|
|
(d)
|
When-issued security.
|
|
(e)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(f)
|
This security may be resold to qualified foreign investors and foreign institutional
buyers
under Regulation S of the Securities Act of 1933.
|
|
(g)
|
Non-income producing security.
|
|
(h)
|
Restricted security as to resale, excluding 144A securities. The Fund held restricted
securities with a current value of $177,856, representing less than 0.05% of its net
assets
as of period end, and an original cost of $19,956.
|
|
(i)
|
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.
|
|
(j)
|
Perpetual security with no stated maturity date.
|
|
(k)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(l)
|
Convertible security.
|
|
(m)
|
Zero-coupon bond.
|
|
(n)
|
Step coupon security. Coupon rate will either increase (step-up bond) or decrease
(step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate
currently in effect.
|
|
(o)
|
Represents an unsettled loan commitment at period end. Certain details associated
with
this purchase are not known prior to the settlement date, including coupon rate.
|
|
(p)
|
Represents or includes a TBA transaction.
|
|
(q)
|
Affiliate of the Fund.
|
|
(r)
|
Annualized 7-day yield as of period end.
|
|
Affiliated Issuer
|
Value at
12/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
03/31/26
|
Shares
Held at
03/31/26
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares
|
$ 4,079,242
|
$ —
|
$ (3,802,675
)(a)
|
$ —
|
$ —
|
$ 276,567
|
276,567
|
$ 28,869
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
Credit Agricole Corporate and Investment
Bank
|
4.59
%(b)
|
12/06/24
|
Open
|
$ 162,975
|
$ 162,975
|
Corporate Bonds
|
Open/Demand
|
|
Credit Agricole Corporate and Investment
Bank
|
3.75
(b)
|
12/09/24
|
Open
|
662,500
|
700,916
|
Corporate Bonds
|
Open/Demand
|
|
Credit Agricole Corporate and Investment
Bank
|
3.77
(b)
|
12/09/24
|
Open
|
342,656
|
362,617
|
Corporate Bonds
|
Open/Demand
|
|
Credit Agricole Corporate and Investment
Bank
|
3.84
(b)
|
12/17/24
|
Open
|
243,815
|
257,982
|
Corporate Bonds
|
Open/Demand
|
|
Credit Agricole Corporate and Investment
Bank
|
3.86
(b)
|
12/17/24
|
Open
|
623,290
|
659,669
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Bank PLC
|
3.90
(b)
|
06/16/25
|
Open
|
756,551
|
782,555
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
07/18/25
|
Open
|
690,046
|
710,714
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
U.S. Bancorp Investments, Inc.
|
3.86
%(b)
|
07/23/25
|
Open
|
$ 748,572
|
$ 770,514
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.88
(b)
|
08/05/25
|
Open
|
332,995
|
342,246
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
400,000
|
411,165
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
263,145
|
270,490
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
406,857
|
418,214
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
87,290
|
89,726
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
204,688
|
210,401
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
206,243
|
211,999
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
08/05/25
|
Open
|
401,528
|
412,735
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
08/11/25
|
Open
|
719,152
|
738,482
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
08/22/25
|
Open
|
439,580
|
450,776
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
08/28/25
|
Open
|
564,557
|
578,738
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
09/03/25
|
Open
|
875,000
|
895,454
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
09/03/25
|
Open
|
950,000
|
972,207
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
09/12/25
|
Open
|
624,607
|
638,837
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
09/24/25
|
Open
|
603,250
|
616,040
|
Capital Trusts
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
09/24/25
|
Open
|
1,772,500
|
1,810,081
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
09/29/25
|
Open
|
1,125,372
|
1,148,552
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
09/30/25
|
Open
|
327,990
|
334,706
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/01/25
|
Open
|
398,688
|
406,890
|
Corporate Bonds
|
Open/Demand
|
|
Citigroup Global Markets, Inc.
|
3.73
(b)
|
10/08/25
|
Open
|
1,287,200
|
1,311,496
|
Corporate Bonds
|
Open/Demand
|
|
Credit Agricole Corporate and Investment
Bank
|
3.80
(b)
|
10/08/25
|
Open
|
349,751
|
356,472
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/08/25
|
Open
|
1,369,917
|
1,396,640
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/08/25
|
Open
|
853,905
|
870,562
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
1,173,000
|
1,195,399
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
178,756
|
182,167
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
975,000
|
993,618
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
453,750
|
462,414
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
266,000
|
271,083
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
10/09/25
|
Open
|
714,375
|
728,006
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
10/09/25
|
Open
|
175,061
|
178,446
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
143,260
|
146,065
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
256,648
|
261,672
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
1,127,912
|
1,149,980
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
422,725
|
431,002
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
532,475
|
542,900
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
389,216
|
396,836
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
1,092,960
|
1,114,359
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
211,990
|
216,141
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
195,381
|
199,207
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
129,806
|
132,350
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
236,160
|
240,787
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
672,016
|
685,174
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
489,782
|
499,379
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
154,114
|
157,110
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
317,831
|
324,054
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
552,947
|
563,781
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
109,656
|
111,803
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
224,536
|
228,936
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
475,324
|
484,564
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
259,335
|
264,413
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
642,206
|
654,771
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
145,225
|
148,070
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
1,459,575
|
1,488,152
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
382,623
|
390,119
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
349,363
|
356,204
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
173,075
|
176,464
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
878,489
|
895,628
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
829,347
|
845,585
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
959,500
|
978,286
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
1,329,660
|
1,355,694
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
TD Securities (USA) LLC
|
3.90
%(b)
|
10/09/25
|
Open
|
$ 214,515
|
$ 218,715
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
107,809
|
109,921
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
706,879
|
720,719
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
261,765
|
266,854
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
291,259
|
296,965
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
619,944
|
632,082
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
204,438
|
208,441
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
203,835
|
207,826
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
171,350
|
174,705
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
361,430
|
368,506
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
146,610
|
149,481
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
893,909
|
911,411
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
642,105
|
654,632
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
183,792
|
187,390
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
207,373
|
211,427
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
470,535
|
479,754
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
303,413
|
309,332
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
359,825
|
366,875
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
252,787
|
257,740
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
123,113
|
125,523
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
552,825
|
563,657
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
129,231
|
131,761
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
906,889
|
924,645
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
228,993
|
233,476
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
552,325
|
563,139
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
1,561,455
|
1,592,027
|
Capital Trusts
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
247,650
|
252,499
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
554,641
|
565,501
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
697,810
|
711,472
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
555,770
|
566,652
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/09/25
|
Open
|
261,515
|
266,635
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/14/25
|
Open
|
1,525,552
|
1,554,489
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
10/21/25
|
Open
|
528,033
|
537,285
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/28/25
|
Open
|
88,425
|
89,951
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/30/25
|
Open
|
419,062
|
426,121
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
10/31/25
|
Open
|
377,775
|
384,156
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
10/31/25
|
Open
|
1,017,900
|
1,034,921
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
11/04/25
|
Open
|
285,950
|
290,648
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/05/25
|
Open
|
504,781
|
512,934
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.79
(b)
|
11/06/25
|
Open
|
212,300
|
215,644
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/06/25
|
Open
|
1,390,567
|
1,412,867
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
11/06/25
|
Open
|
547,375
|
556,153
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
11/19/25
|
Open
|
473,235
|
480,192
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
11/19/25
|
Open
|
411,097
|
417,095
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
11/21/25
|
Open
|
397,425
|
403,132
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
11/21/25
|
Open
|
403,132
|
408,922
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/24/25
|
Open
|
434,995
|
441,061
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/24/25
|
Open
|
160,674
|
162,914
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/28/25
|
Open
|
107,240
|
107,240
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/08/25
|
Open
|
229,001
|
231,866
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/08/25
|
Open
|
793,904
|
803,835
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/09/25
|
Open
|
385,083
|
389,855
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/09/25
|
Open
|
411,435
|
416,535
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/09/25
|
Open
|
384,606
|
389,373
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/09/25
|
Open
|
460,739
|
466,450
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/10/25
|
Open
|
293,563
|
297,076
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
12/11/25
|
Open
|
313,500
|
317,217
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
12/11/25
|
Open
|
165,325
|
167,311
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/11/25
|
Open
|
504,631
|
510,769
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
12/12/25
|
Open
|
1,220,966
|
1,235,367
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/17/25
|
Open
|
182,825
|
184,905
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
2,590,250
|
2,618,760
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
U.S. Bancorp Investments, Inc.
|
3.81
%(b)
|
12/18/25
|
Open
|
$ 288,844
|
$ 292,023
|
Capital Trusts
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
2,603,250
|
2,631,903
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
226,775
|
229,271
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
326,250
|
329,841
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.81
(b)
|
12/18/25
|
Open
|
496,830
|
502,298
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.79
(b)
|
12/23/25
|
Open
|
160,351
|
162,023
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
12/31/25
|
Open
|
74,393
|
75,126
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/06/26
|
Open
|
309,868
|
312,699
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.83
(b)
|
01/15/26
|
Open
|
636,300
|
641,445
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.89
(b)
|
01/15/26
|
Open
|
1,718,220
|
1,732,330
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
01/15/26
|
Open
|
97,848
|
98,654
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
01/15/26
|
Open
|
320,850
|
323,492
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
|
01/15/26
|
Open
|
40,664
|
40,664
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/15/26
|
Open
|
476,935
|
480,832
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
01/16/26
|
Open
|
365,115
|
368,082
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
01/16/26
|
Open
|
189,613
|
191,114
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.60
(b)
|
01/21/26
|
Open
|
410,334
|
413,206
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.80
|
01/21/26
|
Open
|
353,194
|
355,803
|
Capital Trusts
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.80
(b)
|
01/21/26
|
Open
|
195,600
|
197,045
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.80
(b)
|
01/21/26
|
Open
|
349,719
|
352,303
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
01/26/26
|
Open
|
279,196
|
281,162
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/27/26
|
Open
|
260,378
|
262,174
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
33,840
|
34,053
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
975,131
|
981,275
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.60
(b)
|
01/28/26
|
Open
|
219,220
|
220,601
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.64
(b)
|
01/28/26
|
Open
|
655,000
|
659,172
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.65
(b)
|
01/28/26
|
Open
|
248,200
|
249,785
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.70
(b)
|
01/28/26
|
Open
|
472,285
|
475,343
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.71
(b)
|
01/28/26
|
Open
|
164,471
|
165,539
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.71
(b)
|
01/28/26
|
Open
|
195,083
|
196,349
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
461,700
|
464,722
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
223,789
|
225,253
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
318,060
|
320,142
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
102,660
|
103,332
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
|
01/28/26
|
Open
|
1,047,187
|
1,054,041
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
115,411
|
116,167
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
223,020
|
224,480
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
01/28/26
|
Open
|
147,620
|
148,586
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.75
(b)
|
01/28/26
|
Open
|
3,750,000
|
3,774,609
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.75
(b)
|
01/28/26
|
Open
|
1,306,125
|
1,314,696
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.75
(b)
|
01/28/26
|
Open
|
442,750
|
445,656
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.78
(b)
|
01/28/26
|
Open
|
484,375
|
487,579
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
01/28/26
|
Open
|
160,075
|
161,137
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.81
(b)
|
01/28/26
|
Open
|
459,225
|
462,287
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.82
(b)
|
01/28/26
|
Open
|
4,180,125
|
4,208,069
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.83
(b)
|
01/28/26
|
Open
|
275,143
|
276,987
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.85
(b)
|
01/28/26
|
Open
|
371,460
|
373,963
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.85
(b)
|
01/28/26
|
Open
|
647,085
|
651,445
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.85
(b)
|
01/28/26
|
Open
|
789,480
|
794,799
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.85
(b)
|
01/28/26
|
Open
|
406,025
|
408,761
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.87
(b)
|
01/28/26
|
Open
|
846,198
|
851,929
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
1,137,775
|
1,145,500
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
457,874
|
460,983
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
792,275
|
797,655
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
514,995
|
518,492
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
49,517
|
49,853
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
494,095
|
497,450
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
626,219
|
630,471
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
1,241,480
|
1,249,910
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
1,770,624
|
1,782,646
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
01/28/26
|
Open
|
857,445
|
863,267
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.89
(b)
|
01/28/26
|
Open
|
214,731
|
216,193
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
BNP Paribas SA
|
3.90
%
|
01/28/26
|
Open
|
$ 628,443
|
$ 632,732
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
01/28/26
|
Open
|
244,158
|
245,824
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
|
01/28/26
|
Open
|
414,064
|
416,890
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
01/28/26
|
Open
|
169,740
|
170,898
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/28/26
|
Open
|
341,644
|
343,958
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.74
(b)
|
01/29/26
|
Open
|
927,500
|
927,500
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.83
(b)
|
01/29/26
|
Open
|
789,719
|
791,764
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
|
01/29/26
|
Open
|
343,070
|
343,070
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.95
(b)
|
01/30/26
|
Open
|
185,572
|
186,814
|
Capital Trusts
|
Open/Demand
|
|
BNP Paribas SA
|
3.95
(b)
|
01/30/26
|
Open
|
794,825
|
800,145
|
Capital Trusts
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
01/30/26
|
Open
|
246,943
|
248,521
|
Foreign Agency Obligations
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
01/30/26
|
Open
|
377,500
|
379,911
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
01/30/26
|
Open
|
433,254
|
436,088
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
01/30/26
|
Open
|
522,792
|
526,211
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
1,245,274
|
1,253,440
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
745,965
|
750,857
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
01/30/26
|
Open
|
426,525
|
429,322
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/04/26
|
Open
|
1,222,445
|
1,229,785
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.69
(b)
|
02/06/26
|
Open
|
7,976
|
8,020
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/06/26
|
Open
|
165,844
|
166,814
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/06/26
|
Open
|
194,911
|
196,040
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
02/09/26
|
Open
|
17,010
|
17,104
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.80
(b)
|
02/11/26
|
Open
|
565,994
|
568,921
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/11/26
|
Open
|
2,338,669
|
2,351,083
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
|
02/11/26
|
Open
|
558,000
|
560,939
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
513,645
|
516,351
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
455,215
|
457,613
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
|
02/11/26
|
Open
|
416,585
|
418,779
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
433,320
|
435,603
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
443,169
|
445,503
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/11/26
|
Open
|
415,635
|
417,824
|
Corporate Bonds
|
Open/Demand
|
|
Morgan Stanley & Co. LLC
|
(0.75
)
|
02/12/26
|
04/08/26
|
71,594
|
71,594
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.00
|
02/12/26
|
04/08/26
|
34,313
|
34,313
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
0.25
|
02/12/26
|
04/08/26
|
143,443
|
143,490
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.00
|
02/12/26
|
04/08/26
|
237,519
|
238,469
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.25
|
02/12/26
|
04/08/26
|
95,479
|
95,893
|
Corporate Bonds
|
Up to 30 Days
|
|
Morgan Stanley & Co. LLC
|
3.65
|
02/12/26
|
04/08/26
|
255,521
|
256,765
|
Corporate Bonds
|
Up to 30 Days
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/12/26
|
Open
|
4,136,737
|
4,158,249
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/13/26
|
Open
|
771,247
|
775,134
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/19/26
|
Open
|
971,031
|
975,300
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
02/20/26
|
Open
|
518,869
|
521,106
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.79
(b)
|
02/24/26
|
Open
|
193,949
|
194,684
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.87
(b)
|
02/24/26
|
Open
|
180,301
|
180,999
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/24/26
|
Open
|
193,000
|
193,728
|
Corporate Bonds
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/24/26
|
Open
|
197,021
|
197,764
|
Foreign Agency Obligations
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/24/26
|
Open
|
196,600
|
197,341
|
Foreign Agency Obligations
|
Open/Demand
|
|
HSBC Securities (USA), Inc.
|
3.77
(b)
|
02/24/26
|
Open
|
235,460
|
236,348
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/24/26
|
Open
|
518,417
|
520,438
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/24/26
|
Open
|
609,700
|
612,060
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/25/26
|
Open
|
328,440
|
329,676
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/26/26
|
Open
|
1,481,284
|
1,481,284
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.74
(b)
|
02/27/26
|
Open
|
1,194,834
|
1,198,930
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
02/27/26
|
Open
|
968,090
|
971,533
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
02/27/26
|
Open
|
359,000
|
360,283
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.93
(b)
|
02/27/26
|
Open
|
457,382
|
459,029
|
Corporate Bonds
|
Open/Demand
|
|
Goldman Sachs & Co. LLC
|
3.80
(b)
|
02/27/26
|
Open
|
242,733
|
243,578
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/27/26
|
Open
|
452,655
|
454,273
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/27/26
|
Open
|
432,103
|
433,648
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/27/26
|
Open
|
564,091
|
566,108
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/27/26
|
Open
|
1,030,466
|
1,034,150
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
|
02/27/26
|
Open
|
378,364
|
379,716
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
02/27/26
|
Open
|
3,626,100
|
3,639,063
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
U.S. Bancorp Investments, Inc.
|
3.86
%(b)
|
02/27/26
|
Open
|
$ 1,718,990
|
$ 1,725,072
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
02/27/26
|
Open
|
1,474,155
|
1,479,371
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/27/26
|
Open
|
529,425
|
531,303
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/27/26
|
Open
|
1,060,485
|
1,064,247
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
02/27/26
|
Open
|
450,397
|
451,995
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
|
03/02/26
|
Open
|
34,873
|
34,986
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/02/26
|
Open
|
757,475
|
759,918
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/02/26
|
Open
|
564,187
|
566,007
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/02/26
|
Open
|
915,325
|
918,277
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
|
03/02/26
|
Open
|
444,540
|
445,974
|
Corporate Bonds
|
Open/Demand
|
|
BofA Securities, Inc.
|
4.17
|
03/03/26
|
04/08/26
|
931,571
|
934,376
|
Non-Agency Mortgage-Backed
Securities
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
4.17
|
03/03/26
|
04/08/26
|
806,580
|
809,009
|
Non-Agency Mortgage-Backed
Securities
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
4.17
|
03/03/26
|
04/08/26
|
2,715,499
|
2,723,678
|
Asset-Backed Securities
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
4.17
|
03/03/26
|
04/08/26
|
913,190
|
915,940
|
Asset-Backed Securities
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
4.22
|
03/03/26
|
04/08/26
|
1,058,461
|
1,061,687
|
Non-Agency Mortgage-Backed
Securities
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
4.22
|
03/03/26
|
04/08/26
|
921,374
|
924,182
|
Non-Agency Mortgage-Backed
Securities
|
Up to 30 Days
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/04/26
|
Open
|
516,315
|
517,865
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/06/26
|
Open
|
1,312,530
|
1,316,227
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.85
(b)
|
03/09/26
|
Open
|
16,415
|
16,455
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
03/09/26
|
Open
|
133,755
|
134,088
|
Corporate Bonds
|
Open/Demand
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
684,408
|
685,846
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
5,158,152
|
5,168,984
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
2,232,690
|
2,237,378
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
1,897,507
|
1,901,492
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
1,344,297
|
1,347,120
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Wells Fargo Securities, LLC
|
3.78
|
03/11/26
|
04/13/26
|
399,722
|
400,561
|
U.S. Government Sponsored
Agency Securities
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.70
|
03/12/26
|
04/09/26
|
627,775
|
629,066
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
521,125
|
522,208
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
467,250
|
468,221
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
156,655
|
156,980
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
399,375
|
400,205
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.75
|
03/12/26
|
04/09/26
|
833,625
|
835,362
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.75
|
03/12/26
|
04/09/26
|
445,500
|
446,428
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.80
|
03/12/26
|
04/09/26
|
472,562
|
473,559
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.80
|
03/12/26
|
04/09/26
|
2,887,500
|
2,893,596
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.85
|
03/12/26
|
04/09/26
|
2,301,635
|
2,306,558
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.90
(b)
|
03/12/26
|
04/09/26
|
4,210,360
|
4,219,482
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.90
|
03/12/26
|
04/09/26
|
621,810
|
623,157
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.90
|
03/12/26
|
04/09/26
|
389,457
|
390,301
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.90
|
03/12/26
|
04/09/26
|
2,298,912
|
2,303,893
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.90
|
03/12/26
|
04/09/26
|
1,875,395
|
1,879,458
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.00
|
03/12/26
|
04/09/26
|
108,894
|
109,075
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.70
|
03/12/26
|
04/09/26
|
114,538
|
114,773
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
863,370
|
865,164
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,444,333
|
1,447,334
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
208,784
|
209,218
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
745,860
|
747,410
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
953,175
|
955,155
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
835,065
|
836,800
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/12/26
|
04/09/26
|
1,862,312
|
1,866,182
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.80
|
03/12/26
|
04/09/26
|
337,669
|
338,382
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.80
|
03/12/26
|
04/09/26
|
248,441
|
248,966
|
Corporate Bonds
|
Up to 30 Days
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
Barclays Capital, Inc.
|
3.80
%
|
03/12/26
|
04/09/26
|
$ 294,578
|
$ 295,199
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
41,149
|
41,238
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
1,204,699
|
1,207,309
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
188,584
|
188,993
|
Capital Trusts
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
1,225,968
|
1,228,624
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
1,320,218
|
1,323,079
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
469,861
|
470,879
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
289,636
|
290,264
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
407,013
|
407,895
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
547,600
|
548,786
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
389,014
|
389,857
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
1,117,725
|
1,120,147
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
544,554
|
545,734
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
1,836,751
|
1,840,731
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
786,994
|
788,699
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
748,147
|
749,768
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.90
|
03/12/26
|
04/09/26
|
461,335
|
462,335
|
Corporate Bonds
|
Up to 30 Days
|
|
BNP Paribas SA
|
3.90
(b)
|
03/12/26
|
Open
|
568,686
|
569,918
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/12/26
|
Open
|
716,445
|
717,981
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/12/26
|
Open
|
525,927
|
527,055
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
03/13/26
|
Open
|
878,652
|
880,452
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/13/26
|
Open
|
695,980
|
697,402
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/13/26
|
Open
|
736,229
|
737,732
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
03/16/26
|
Open
|
916,150
|
917,730
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.83
(b)
|
03/16/26
|
Open
|
150,859
|
151,116
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/16/26
|
Open
|
267,270
|
267,733
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/16/26
|
Open
|
1,763,417
|
1,766,451
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/17/26
|
Open
|
441,632
|
442,343
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/17/26
|
Open
|
307,095
|
307,590
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.90
(b)
|
03/18/26
|
Open
|
251,969
|
252,351
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
|
03/20/26
|
04/09/26
|
1,044,324
|
1,045,626
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Capital, Inc.
|
3.74
|
03/20/26
|
04/09/26
|
5,508,002
|
5,514,869
|
Corporate Bonds
|
Up to 30 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
04/22/26
|
366,013
|
366,452
|
Corporate Bonds
|
Up to 30 Days
|
|
Merrill Lynch International
|
3.75
|
03/20/26
|
04/22/26
|
852,208
|
853,273
|
Corporate Bonds
|
Up to 30 Days
|
|
J.P. Morgan Securities LLC
|
3.55
|
03/20/26
|
05/01/26
|
473,437
|
473,998
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.65
|
03/20/26
|
05/01/26
|
251,676
|
251,982
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
260,372
|
260,697
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
331,687
|
332,101
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
178,296
|
178,519
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
180,075
|
180,300
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
992,906
|
994,147
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
556,325
|
557,020
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.75
|
03/20/26
|
05/01/26
|
1,136,172
|
1,137,593
|
Corporate Bonds
|
31 - 90 Days
|
|
J.P. Morgan Securities LLC
|
3.90
|
03/20/26
|
05/01/26
|
1,522,500
|
1,524,479
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.87
|
03/20/26
|
06/01/26
|
305,515
|
305,909
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
1.85
|
03/20/26
|
06/03/26
|
439,651
|
439,922
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
2.90
|
03/20/26
|
06/03/26
|
487,015
|
487,486
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.20
|
03/20/26
|
06/03/26
|
77,976
|
78,059
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
858,330
|
859,303
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.40
|
03/20/26
|
06/03/26
|
76,508
|
76,594
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.45
|
03/20/26
|
06/03/26
|
99,560
|
99,674
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.50
|
03/20/26
|
06/03/26
|
225,000
|
225,262
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.53
|
03/20/26
|
06/03/26
|
116,660
|
116,797
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
202,208
|
202,450
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
105,293
|
105,419
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
518,340
|
518,962
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
190,800
|
191,029
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
50,109
|
50,169
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
114,000
|
114,137
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
235,089
|
235,371
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
67,425
|
67,506
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.60
|
03/20/26
|
06/03/26
|
391,250
|
391,719
|
Corporate Bonds
|
31 - 90 Days
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
BofA Securities, Inc.
|
3.65
%
|
03/20/26
|
06/03/26
|
$ 536,080
|
$ 536,732
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
501,894
|
502,504
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
141,000
|
141,172
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
451,237
|
451,786
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
68,186
|
68,269
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
78,740
|
78,836
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
307,016
|
307,390
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.65
|
03/20/26
|
06/03/26
|
418,990
|
419,500
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
539,055
|
539,720
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
70,568
|
70,655
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
173,650
|
173,864
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
48,913
|
48,973
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
195,780
|
196,021
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
133,945
|
134,110
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
341,110
|
341,531
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.70
|
03/20/26
|
06/03/26
|
533,725
|
534,383
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
387,956
|
388,441
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
287,513
|
287,872
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
89,417
|
89,529
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
180,285
|
180,510
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.75
|
03/20/26
|
06/03/26
|
981,250
|
982,477
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.80
|
03/20/26
|
06/03/26
|
358,800
|
359,254
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.80
|
03/20/26
|
06/03/26
|
1,036,057
|
1,037,369
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.80
|
03/20/26
|
06/03/26
|
577,687
|
578,419
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
197,488
|
197,741
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
2,152,465
|
2,155,227
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
1,192,055
|
1,193,585
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
371,085
|
371,561
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
218,225
|
218,505
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
468,682
|
469,284
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
38,220
|
38,269
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
580,572
|
581,318
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
553,860
|
554,571
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
154,526
|
154,725
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
474,275
|
474,884
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/20/26
|
06/03/26
|
526,505
|
527,181
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.87
|
03/20/26
|
06/03/26
|
298,410
|
298,795
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.87
|
03/20/26
|
06/03/26
|
406,147
|
406,671
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
229,894
|
230,192
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
313,908
|
314,315
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
352,661
|
353,119
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
945,360
|
946,586
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
52,012
|
52,080
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.89
|
03/20/26
|
06/03/26
|
743,040
|
744,004
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.90
|
03/20/26
|
06/03/26
|
354,035
|
354,495
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.90
|
03/20/26
|
06/03/26
|
453,562
|
454,152
|
Corporate Bonds
|
31 - 90 Days
|
|
BNP Paribas SA
|
3.90
(b)
|
03/20/26
|
Open
|
643,125
|
643,961
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/20/26
|
Open
|
2,094,379
|
2,097,101
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/20/26
|
Open
|
598,080
|
598,857
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/20/26
|
Open
|
597,269
|
598,046
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/20/26
|
Open
|
299,614
|
300,003
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/20/26
|
Open
|
454,230
|
454,814
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/20/26
|
Open
|
1,017,964
|
1,019,274
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/20/26
|
Open
|
322,420
|
322,836
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.87
(b)
|
03/20/26
|
Open
|
699,255
|
700,157
|
Corporate Bonds
|
Open/Demand
|
|
J.P. Morgan Securities LLC
|
3.83
|
03/23/26
|
05/01/26
|
173,209
|
173,375
|
Corporate Bonds
|
31 - 90 Days
|
|
BofA Securities, Inc.
|
3.85
|
03/25/26
|
06/03/26
|
220,772
|
220,938
|
Corporate Bonds
|
31 - 90 Days
|
|
BNP Paribas SA
|
3.79
(b)
|
03/26/26
|
Open
|
125,353
|
125,432
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.89
(b)
|
03/26/26
|
Open
|
505,237
|
505,565
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/26/26
|
Open
|
451,720
|
452,014
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/26/26
|
Open
|
307,612
|
307,812
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/26/26
|
Open
|
484,696
|
485,011
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
TD Securities (USA) LLC
|
3.90
%(b)
|
03/26/26
|
Open
|
$ 529,592
|
$ 529,937
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/27/26
|
Open
|
317,475
|
317,647
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.74
(b)
|
03/30/26
|
04/09/26
|
3,740
|
3,740
|
Corporate Bonds
|
Up to 30 Days
|
|
Nomura Securities International, Inc.
|
3.60
(b)
|
03/30/26
|
Open
|
1,195,762
|
1,196,002
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.65
(b)
|
03/30/26
|
Open
|
1,410,512
|
1,410,798
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
(b)
|
03/30/26
|
Open
|
145,763
|
145,792
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.67
(b)
|
03/30/26
|
Open
|
116,450
|
116,474
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.68
(b)
|
03/30/26
|
Open
|
366,959
|
367,034
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.70
(b)
|
03/30/26
|
Open
|
248,300
|
248,351
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
111,350
|
111,373
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
|
03/30/26
|
Open
|
129,150
|
129,177
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.72
(b)
|
03/30/26
|
Open
|
264,005
|
264,060
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
93,470
|
93,489
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
254,635
|
254,688
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
748,064
|
748,219
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
91,279
|
91,298
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
130,241
|
130,268
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
380,703
|
380,782
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
190,125
|
190,164
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.73
(b)
|
03/30/26
|
Open
|
282,750
|
282,809
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.75
(b)
|
03/30/26
|
Open
|
294,223
|
294,284
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.75
(b)
|
03/30/26
|
Open
|
160,011
|
160,044
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.75
(b)
|
03/30/26
|
Open
|
206,077
|
206,120
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.80
(b)
|
03/30/26
|
Open
|
184,717
|
184,756
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.85
(b)
|
03/30/26
|
Open
|
208,904
|
208,949
|
Foreign Agency Obligations
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.87
(b)
|
03/30/26
|
Open
|
107,774
|
107,797
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
219,279
|
219,326
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
725,625
|
725,782
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
620,557
|
620,692
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
320,513
|
320,582
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
316,778
|
316,846
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
519,860
|
519,973
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
246,402
|
246,455
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
762,960
|
763,125
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
241,920
|
241,972
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
273,904
|
273,963
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
261,214
|
261,270
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
304,063
|
304,129
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
750,389
|
750,552
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
745,380
|
745,541
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
298,726
|
298,791
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
34,120
|
34,128
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
653,509
|
653,650
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
1,732,710
|
1,733,085
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
891,782
|
891,976
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
312,139
|
312,206
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
1,353,222
|
1,353,516
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
180,790
|
180,829
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
252,925
|
252,980
|
Corporate Bonds
|
Open/Demand
|
|
Nomura Securities International, Inc.
|
3.90
(b)
|
03/30/26
|
Open
|
3,510,000
|
3,510,760
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Capital, Inc.
|
3.90
|
03/31/26
|
04/09/26
|
382,660
|
382,701
|
Capital Trusts
|
Up to 30 Days
|
|
BNP Paribas SA
|
3.74
(b)
|
03/31/26
|
Open
|
1,822,100
|
1,822,289
|
Corporate Bonds
|
Open/Demand
|
|
BNP Paribas SA
|
3.88
(b)
|
03/31/26
|
Open
|
460,769
|
460,818
|
Corporate Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.90
(b)
|
03/31/26
|
Open
|
1,149,750
|
1,149,875
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.90
(b)
|
03/31/26
|
Open
|
367,721
|
367,761
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.86
(b)
|
03/31/26
|
Open
|
702,100
|
702,175
|
Corporate Bonds
|
Open/Demand
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
U.S. Bancorp Investments, Inc.
|
3.87
%(b)
|
03/31/26
|
Open
|
$ 706,035
|
$ 706,111
|
Corporate Bonds
|
Open/Demand
|
|
U.S. Bancorp Investments, Inc.
|
3.89
(b)
|
03/31/26
|
Open
|
547,609
|
547,668
|
Corporate Bonds
|
Open/Demand
|
|
|
|
|
|
$ 295,673,156
|
$ 297,734,752
|
|
|
|
(a)
|
Certain agreements have no stated maturity and can be terminated by either party at
any time.
|
|
(b)
|
Variable rate security. Rate as of period end and maturity is the date the principal
owed can be recovered through demand.
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount (000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Long Contracts
|
|
|
|
|
|
10-Year U.S. Ultra Long Treasury Note
|
55
|
06/18/26
|
$ 6,239
|
$ (116,084
)
|
|
2-Year U.S. Treasury Note
|
1,691
|
06/30/26
|
350,830
|
(1,931,871
)
|
|
5-Year U.S. Treasury Note
|
438
|
06/30/26
|
47,379
|
(623,438
)
|
|
|
|
|
|
(2,671,393
)
|
|
Short Contracts
|
|
|
|
|
|
10-Year U.S. Treasury Note
|
280
|
06/18/26
|
31,076
|
646,436
|
|
10-Year U.S. Ultra Long Treasury Note
|
33
|
06/18/26
|
3,743
|
77,163
|
|
U.S. Long Bond
|
91
|
06/18/26
|
10,340
|
313,170
|
|
Ultra U.S. Treasury Bond
|
28
|
06/18/26
|
3,257
|
120,365
|
|
|
|
|
|
1,157,134
|
|
|
|
|
|
$ (1,514,259
)
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
USD
|
123,290
|
EUR
|
105,200
|
JPMorgan Chase Bank N.A.
|
04/16/26
|
$ 1,614
|
|
USD
|
220,584
|
EUR
|
188,208
|
Morgan Stanley & Co. International PLC
|
04/16/26
|
2,900
|
|
USD
|
69,114
|
EUR
|
58,955
|
State Street Bank and Trust Co.
|
04/16/26
|
925
|
|
USD
|
75,178
|
EUR
|
64,290
|
Toronto-Dominion Bank
|
04/16/26
|
819
|
|
USD
|
119,945
|
EUR
|
102,573
|
Toronto-Dominion Bank
|
04/16/26
|
1,307
|
|
USD
|
123,831
|
EUR
|
105,897
|
Toronto-Dominion Bank
|
04/16/26
|
1,350
|
|
USD
|
188,716
|
EUR
|
161,384
|
Toronto-Dominion Bank
|
04/16/26
|
2,057
|
|
USD
|
1,425,094
|
GBP
|
1,073,000
|
State Street Bank and Trust Co.
|
06/17/26
|
5,191
|
|
|
|
|
|
|
|
16,163
|
|
EUR
|
1,378
|
USD
|
1,615
|
Canadian Imperial Bank of Commerce
|
04/16/26
|
(21
)
|
|
USD
|
102,607
|
EUR
|
89,000
|
Societe Generale
|
06/17/26
|
(621
)
|
|
USD
|
14,922,956
|
EUR
|
12,944,000
|
Societe Generale
|
06/17/26
|
(90,359
)
|
|
|
|
|
|
|
|
(91,001
)
|
|
|
$ (74,838
)
|
|||||
|
Reference Obligation/Index
|
Financing
Rate Paid
by the Fund
|
Payment
Frequency
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CDX.NA.IG.45.V1
|
1.00
%
|
Quarterly
|
12/20/30
|
USD
|
8,180
|
$ (147,869
)
|
$ (170,949
)
|
$ 23,080
|
|
Reference Obligation/Index
|
Financing
Rate Received
by the Fund
|
Payment
Frequency
|
Termination
Date
|
Credit
Rating
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CDX.NA.HY.46.V1
|
5.00
%
|
Quarterly
|
06/20/31
|
B
|
USD
|
5,805
|
$ 288,167
|
$ 233,631
|
$ 54,536
|
|
Reference Obligation/Index
|
Financing
Rate Received
by the Fund
|
Payment
Frequency
|
Counterparty
|
Termination
Date
|
Credit
Rating(a)
|
Notional
Amount (000)(b)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
CMA CGM SA
|
5.00
%
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
06/20/27
|
BB+
|
EUR
|
30
|
$ 1,866
|
$ 1,799
|
$ 67
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Bank of America N.A.
|
12/20/27
|
N/R
|
EUR
|
7
|
369
|
(477
)
|
846
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
4
|
222
|
(263
)
|
485
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Barclays Bank PLC
|
12/20/27
|
N/R
|
EUR
|
12
|
624
|
(741
)
|
1,365
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Citibank N.A.
|
12/20/27
|
N/R
|
EUR
|
4
|
182
|
(219
)
|
401
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
N/R
|
EUR
|
8
|
379
|
(508
)
|
887
|
|
Adler Real Estate AG
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
12/20/27
|
N/R
|
EUR
|
5
|
275
|
(351
)
|
626
|
|
Altice France SA
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
CCC+
|
EUR
|
11
|
554
|
453
|
101
|
|
Altice France SA
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/27
|
CCC+
|
EUR
|
20
|
1,006
|
953
|
53
|
|
Altice France SA
|
5.00
|
Quarterly
|
Morgan Stanley & Co.
International PLC
|
12/20/27
|
CCC+
|
EUR
|
7
|
352
|
266
|
86
|
|
Virgin Media Finance PLC
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/28
|
B-
|
EUR
|
13
|
786
|
1,070
|
(284
)
|
|
iTraxx.XO.42.V3 20-35%
|
5.00
|
Quarterly
|
BNP Paribas SA
|
12/20/29
|
CCC
|
EUR
|
33
|
3,991
|
4,228
|
(237
)
|
|
Zegona Finance PLC
|
5.00
|
Quarterly
|
Deutsche Bank AG
|
06/20/30
|
BB
|
EUR
|
7
|
1,172
|
837
|
335
|
|
Faurecia SE
|
5.00
|
Quarterly
|
JPMorgan Chase Bank N.A.
|
12/20/30
|
BB-
|
EUR
|
20
|
1,917
|
1,842
|
75
|
|
|
|
|
|
|
|
|
|
$ 13,695
|
$ 8,889
|
$ 4,806
|
|
(a)
|
Using the rating of the issuer or the underlying securities of the index, as applicable,
provided by S&P Global Ratings.
|
|
(b)
|
The maximum potential amount the Fund may pay should a negative credit event take
place as defined under the terms of the agreement.
|
|
Paid by the Fund
|
Received by the Fund
|
|
|
|
|
|
|
|
|
||
|
Rate/Reference
|
Frequency
|
Rate/Reference
|
Frequency
|
Counterparty
|
Effective
Date
|
Termination
Date
|
Notional
Amount (000)
|
Value
|
Upfront
Premium
Paid
(Received)
|
Unrealized
Appreciation
(Depreciation)
|
|
|
1-day SOFR, 3.68%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Barclays Bank PLC
|
N/A
|
06/20/26
|
USD
|
3,500
|
$ (3,847
)
|
$ (26,904
)
|
$ 23,057
|
|
1-day SOFR minus
0.90%, 3.68%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley & Co.
International PLC
|
N/A
|
06/20/26
|
USD
|
8,000
|
(39,634
)
|
(86,490
)
|
46,856
|
|
1-day SOFR, 3.68%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley & Co.
International PLC
|
N/A
|
06/20/26
|
USD
|
4,000
|
(11,901
)
|
(26,630
)
|
14,729
|
|
1-day SOFR, 3.68%
|
Quarterly
|
Markit iBoxx USD
Liquid Leveraged
Loan Index
|
At Termination
|
Morgan Stanley & Co.
International PLC
|
N/A
|
09/20/26
|
USD
|
3,000
|
(14,704
)
|
(27,052
)
|
12,348
|
|
|
|
|
|
|
|
|
|
|
$ (70,086
)
|
$ (167,076
)
|
$ 96,990
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Asset-Backed Securities
|
$ —
|
$ 34,684,204
|
$ 962,850
|
$ 35,647,054
|
|
Common Stocks
|
—
|
271,442
|
770,349
|
1,041,791
|
|
Corporate Bonds
|
|
|
|
|
|
Advertising Agencies
|
—
|
6,198,439
|
—
|
6,198,439
|
|
Aerospace & Defense
|
—
|
12,942,430
|
—
|
12,942,430
|
|
Air Freight & Logistics
|
—
|
358,778
|
—
|
358,778
|
|
Automobile Components
|
—
|
4,912,383
|
—
|
4,912,383
|
|
Automobiles
|
—
|
6,654,709
|
—
|
6,654,709
|
|
Banks
|
—
|
622,912
|
—
|
622,912
|
|
Beverages
|
—
|
667,768
|
—
|
667,768
|
|
Biotechnology
|
—
|
995,124
|
—
|
995,124
|
|
Building Materials
|
—
|
6,882,350
|
—
|
6,882,350
|
|
Building Products
|
—
|
3,074,693
|
—
|
3,074,693
|
|
Capital Markets
|
—
|
3,842,282
|
—
|
3,842,282
|
|
Chemicals
|
—
|
10,491,292
|
—
|
10,491,292
|
|
Commercial Services & Supplies
|
—
|
22,931,624
|
—
|
22,931,624
|
|
Communications Equipment
|
—
|
108,835
|
—
|
108,835
|
|
Construction & Engineering
|
—
|
2,696,284
|
—
|
2,696,284
|
|
Consumer Finance
|
2,807
|
7,492,175
|
—
|
7,494,982
|
|
Consumer Staples Distribution & Retail
|
—
|
3,663,829
|
—
|
3,663,829
|
|
Containers & Packaging
|
—
|
11,039,803
|
—
|
11,039,803
|
|
Distributors
|
—
|
483,474
|
—
|
483,474
|
|
Diversified REITs
|
—
|
2,557,347
|
—
|
2,557,347
|
|
Diversified Telecommunication Services
|
—
|
28,027,466
|
—
|
28,027,466
|
|
Electric Utilities
|
—
|
6,431,293
|
—
|
6,431,293
|
|
Electronic Equipment, Instruments & Components
|
—
|
1,969,307
|
—
|
1,969,307
|
|
Energy Equipment & Services
|
—
|
4,928,335
|
—
|
4,928,335
|
|
Entertainment
|
—
|
9,690,135
|
—
|
9,690,135
|
|
Environmental, Maintenance & Security Service
|
—
|
4,651,694
|
—
|
4,651,694
|
|
Financial Services
|
—
|
17,650,222
|
—
|
17,650,222
|
|
Food Products
|
—
|
6,273,292
|
—
|
6,273,292
|
|
Ground Transportation
|
—
|
2,117,163
|
—
|
2,117,163
|
|
Health Care Equipment & Supplies
|
—
|
4,300,432
|
—
|
4,300,432
|
|
Health Care Providers & Services
|
—
|
12,458,692
|
—
|
12,458,692
|
|
Health Care REITs
|
—
|
2,622,381
|
—
|
2,622,381
|
|
Hotel & Resort REITs
|
—
|
3,825,035
|
—
|
3,825,035
|
|
Hotels, Restaurants & Leisure
|
—
|
4,610,824
|
—
|
4,610,824
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Corporate Bonds (continued)
|
|
|
|
|
|
Household Durables
|
$ —
|
$ 4,367,875
|
$ —
|
$ 4,367,875
|
|
Household Products
|
—
|
—
|
—
|
—
|
|
Independent Power and Renewable Electricity Producers
|
—
|
4,798,000
|
—
|
4,798,000
|
|
Industrial Conglomerates
|
—
|
668,974
|
—
|
668,974
|
|
Insurance
|
—
|
23,390,646
|
—
|
23,390,646
|
|
Interactive Media & Services
|
—
|
7,247,713
|
—
|
7,247,713
|
|
Internet Software & Services
|
—
|
1,686,605
|
—
|
1,686,605
|
|
IT Services
|
—
|
2,993,935
|
—
|
2,993,935
|
|
Leisure Products
|
—
|
4,803,328
|
—
|
4,803,328
|
|
Machinery
|
—
|
3,366,124
|
—
|
3,366,124
|
|
Media
|
—
|
18,902,547
|
—
|
18,902,547
|
|
Metals & Mining
|
—
|
11,946,048
|
—
|
11,946,048
|
|
Mortgage Real Estate Investment Trusts (REITs)
|
—
|
875,259
|
—
|
875,259
|
|
Multi-Utilities
|
—
|
130,308
|
—
|
130,308
|
|
Oil, Gas & Consumable Fuels
|
—
|
37,997,131
|
—
|
37,997,131
|
|
Passenger Airlines
|
—
|
901,405
|
—
|
901,405
|
|
Personal Care Products
|
—
|
516,801
|
—
|
516,801
|
|
Pharmaceuticals
|
—
|
9,314,488
|
—
|
9,314,488
|
|
Real Estate Management & Development
|
—
|
2,893,674
|
—
|
2,893,674
|
|
Retail REITs
|
—
|
320,746
|
—
|
320,746
|
|
Semiconductors & Semiconductor Equipment
|
—
|
1,516,795
|
—
|
1,516,795
|
|
Software
|
—
|
13,350,203
|
—
|
13,350,203
|
|
Specialty Retail
|
—
|
1,294,720
|
—
|
1,294,720
|
|
Technology Hardware, Storage & Peripherals
|
—
|
1,287,705
|
—
|
1,287,705
|
|
Textiles, Apparel & Luxury Goods
|
—
|
1,626,128
|
—
|
1,626,128
|
|
Tobacco
|
—
|
549,589
|
—
|
549,589
|
|
Transportation Infrastructure
|
—
|
249,757
|
44,782
|
294,539
|
|
Water Utilities
|
—
|
885,866
|
—
|
885,866
|
|
Wireless Telecommunication Services
|
—
|
5,628,935
|
—
|
5,628,935
|
|
Fixed Rate Loan Interests
|
—
|
1,328,282
|
—
|
1,328,282
|
|
Floating Rate Loan Interests
|
—
|
295,106,089
|
6,036,598
|
301,142,687
|
|
Foreign Agency Obligations
|
—
|
4,767,908
|
—
|
4,767,908
|
|
Investment Companies
|
|
|
|
|
|
Equity Funds
|
19,971,250
|
80,198
|
—
|
20,051,448
|
|
Non-Agency Mortgage-Backed Securities
|
—
|
24,273,744
|
—
|
24,273,744
|
|
Preferred Securities
|
|
|
|
|
|
Capital Trusts
|
—
|
33,624,365
|
—
|
33,624,365
|
|
Preferred Stocks
|
|
|
|
|
|
Capital Markets
|
1,377,750
|
—
|
—
|
1,377,750
|
|
Ground Transportation
|
—
|
18,660
|
—
|
18,660
|
|
IT Services
|
—
|
—
|
73,321
|
73,321
|
|
U.S. Government Sponsored Agency Securities
|
—
|
13,939,298
|
—
|
13,939,298
|
|
Warrants
|
—
|
—
|
—
|
—
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
276,567
|
—
|
—
|
276,567
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
219
|
—
|
219
|
|
Liabilities
|
|
|
|
|
|
Unfunded Floating Rate Loan Interests(a)
|
—
|
(6,394
)
|
(11,826
)
|
(18,220
)
|
|
|
$21,628,374
|
$789,772,122
|
$7,876,074
|
$819,276,570
|
|
Derivative Financial Instruments(b)
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Credit Contracts
|
$ —
|
$ 82,943
|
$ —
|
$ 82,943
|
|
Foreign Currency Exchange Contracts
|
—
|
16,163
|
—
|
16,163
|
|
Interest Rate Contracts
|
1,157,134
|
96,990
|
—
|
1,254,124
|
|
Liabilities
|
|
|
|
|
|
Credit Contracts
|
—
|
(521
)
|
—
|
(521
)
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Liabilities (continued)
|
|
|
|
|
|
Foreign Currency Exchange Contracts
|
$ —
|
$ (91,001
)
|
$ —
|
$ (91,001
)
|
|
Interest Rate Contracts
|
(2,671,393
)
|
—
|
—
|
(2,671,393
)
|
|
|
$(1,514,259
)
|
$104,574
|
$—
|
$(1,409,685
)
|
|
(a)
|
Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation)
on the commitment.
|
|
(b)
|
Derivative financial instruments are swaps, futures contracts and forward foreign
currency exchange contracts. Swaps, futures contracts and forward foreign currency
exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument.
|
|
|
Asset-Backed
Securities
|
Common
Stocks
|
Corporate
Bonds
|
Fixed
Rate Loan
Interests
|
Floating
Rate Loan
Interests
|
Other
Interests
|
Preferred
Stocks
|
|
Assets
|
|
|
|
|
|
|
|
|
Opening balance, as of December 31, 2025
|
$ 957,950
|
$ 880,865
|
$ 1,138,592
|
$ —
|
$ 8,377,670
|
$ —
(a)
|
$ 89,899
|
|
Transfers into Level 3(b)
|
—
|
—
|
—
|
—
|
2,133,713
|
—
|
—
|
|
Transfers out of Level 3(c)
|
—
|
—
|
(1,093,493
)
|
—
|
(2,995,627
)
|
—
|
—
|
|
Accrued discounts/premiums
|
(2,897
)
|
—
|
498
|
—
|
1,999
|
—
|
—
|
|
Net realized gain (loss)
|
—
|
19,887
|
—
|
—
|
(51,196
)
|
—
|
—
|
|
Net change in unrealized appreciation (depreciation)(d)
|
7,797
|
(287,182
)
|
(815
)
|
(762
)
|
(46,743
)
|
—
|
(16,578
)
|
|
Purchases
|
—
|
716,069
|
—
|
762
|
1,197,411
|
—
|
—
|
|
Sales
|
—
|
(559,290
)
|
—
|
—
|
(2,580,629
)
|
—
|
—
|
|
Closing balance, as of March 31, 2026
|
$ 962,850
|
$ 770,349
|
$ 44,782
|
$ —
|
$ 6,036,598
|
$ —
(a)
|
$ 73,321
|
|
Net change in unrealized appreciation (depreciation) on investments still held at
March 31,
2026(d)
|
$ 7,797
|
$ (769,410
)
|
$ (815
)
|
$ (762
)
|
$ (67,083
)
|
$ —
(a)
|
$ (16,578
)
|
|
|
Unfunded
Floating Rate
Loan
Interests
|
Total
|
|
Assets
|
|
|
|
Opening balance, as of December 31, 2025
|
$ 171
|
$ 11,445,147
|
|
Transfers into Level 3(b)
|
3,478
|
2,137,191
|
|
Transfers out of Level 3(c)
|
(171
)
|
(4,089,291
)
|
|
Accrued discounts/premiums
|
—
|
(400
)
|
|
Net realized gain (loss)
|
—
|
(31,309
)
|
|
Net change in unrealized appreciation (depreciation)(d)
|
(15,304
)
|
(359,587
)
|
|
Purchases
|
—
|
1,914,242
|
|
Sales
|
—
|
(3,139,919
)
|
|
Closing balance, as of March 31, 2026
|
$ (11,826
)
|
$ 7,876,074
|
|
Net change in unrealized appreciation (depreciation) on investments still held at
March 31, 2026(d)
|
$ (15,304
)
|
$ (862,155
)
|
|
(a)
|
Rounds to less than $1.
|
|
(b)
|
As of December 31, 2025, the Fund used observable inputs in determining the value
of certain investments. As of March 31, 2026, the Fund used significant unobservable
inputs in
determining the value of the same investments. As a result, investments at beginning
of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy.
|
|
(c)
|
As of December 31, 2025, the Fund used observable inputs in determining the value
of certain investments. As of March 31, 2026, the Fund used significant unobservable
inputs in
determining the value of the same investments. As a result, investments at beginning
of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.
|
|
(d)
|
Any difference between net change in unrealized appreciation (depreciation) and net
change in unrealized appreciation (depreciation) on investments still held at March
31, 2026 is
generally due to investments no longer held or categorized as Level 3 at period end.
|
|
Currency Abbreviation
|
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
USD
|
United States Dollar
|
|
Portfolio Abbreviation
|
|
|
CLO
|
Collateralized Loan Obligation
|
|
CME
|
Chicago Mercantile Exchange
|
|
CMT
|
Constant Maturity Treasury
|
|
CVR
|
Contingent Value Right
|
|
DAC
|
Designated Activity Company
|
|
DIP
|
Debtor-In-Possession
|
|
ETF
|
Exchange-Traded Fund
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
GO
|
General Obligation Bonds
|
|
PIK
|
Payment-in-Kind
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|