Vanguard® Intermediate-Term Bond Index Fund
Schedule of Investments (unaudited)
As of March 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
U.S. Government and Agency Obligations (56.9%)
U.S. Government Securities (56.5%)
  United States Treasury Note/Bond 3.875% 3/31/2031 143,831 143,370
  United States Treasury Note/Bond 4.625% 4/30/2031 44,000 45,301
  United States Treasury Note/Bond 1.625% 5/15/2031 376,519 335,778
  United States Treasury Note/Bond 4.625% 5/31/2031 422,931 435,437
  United States Treasury Note/Bond 4.250% 6/30/2031 434,929 440,315
  United States Treasury Note/Bond 4.125% 7/31/2031 430,909 433,687
  United States Treasury Note/Bond 1.250% 8/15/2031 1,296,636 1,125,135
  United States Treasury Note/Bond 3.750% 8/31/2031 603,324 595,830
  United States Treasury Note/Bond 3.625% 9/30/2031 425,958 417,871
  United States Treasury Note/Bond 4.125% 10/31/2031 444,469 446,795
  United States Treasury Note/Bond 1.375% 11/15/2031 1,042,268 903,882
  United States Treasury Note/Bond 4.125% 11/30/2031 439,581 441,745
  United States Treasury Note/Bond 4.500% 12/31/2031 367,535 376,293
  United States Treasury Note/Bond 4.375% 1/31/2032 316,820 322,228
  United States Treasury Note/Bond 1.875% 2/15/2032 944,299 837,328
  United States Treasury Note/Bond 4.125% 2/29/2032 452,260 454,044
  United States Treasury Note/Bond 4.125% 3/31/2032 295,655 296,694
  United States Treasury Note/Bond 4.000% 4/30/2032 392,841 391,460
  United States Treasury Note/Bond 2.875% 5/15/2032 904,738 846,283
  United States Treasury Note/Bond 4.125% 5/31/2032 619,829 621,548
  United States Treasury Note/Bond 4.000% 6/30/2032 385,781 384,048
  United States Treasury Note/Bond 4.000% 7/31/2032 351,313 349,598
  United States Treasury Note/Bond 2.750% 8/15/2032 858,224 793,857
  United States Treasury Note/Bond 3.875% 8/31/2032 534,031 527,397
  United States Treasury Note/Bond 3.875% 9/30/2032 292,289 288,533
  United States Treasury Note/Bond 3.750% 10/31/2032 227,982 223,289
  United States Treasury Note/Bond 4.125% 11/15/2032 866,526 866,763
  United States Treasury Note/Bond 3.750% 11/30/2032 662,193 648,070
  United States Treasury Note/Bond 3.875% 12/31/2032 364,100 358,866
  United States Treasury Note/Bond 4.000% 1/31/2033 107,326 106,538
  United States Treasury Note/Bond 3.500% 2/15/2033 924,847 889,804
  United States Treasury Note/Bond 3.750% 2/28/2033 742,998 726,281
  United States Treasury Note/Bond 4.250% 3/31/2033 390,301 393,076
  United States Treasury Note/Bond 3.375% 5/15/2033 907,422 864,568
  United States Treasury Note/Bond 3.875% 8/15/2033 991,690 973,599
  United States Treasury Note/Bond 4.500% 11/15/2033 1,111,192 1,134,284
  United States Treasury Note/Bond 4.000% 2/15/2034 1,198,991 1,183,114
  United States Treasury Note/Bond 4.375% 5/15/2034 1,117,158 1,129,071
  United States Treasury Note/Bond 3.875% 8/15/2034 1,077,710 1,050,136
  United States Treasury Note/Bond 4.250% 11/15/2034 1,052,739 1,052,410
  United States Treasury Note/Bond 4.625% 2/15/2035 1,038,202 1,065,211
  United States Treasury Note/Bond 4.250% 5/15/2035 1,046,121 1,043,383
  United States Treasury Note/Bond 4.250% 8/15/2035 1,029,401 1,025,702
  United States Treasury Note/Bond 4.000% 11/15/2035 1,032,043 1,006,726
  United States Treasury Note/Bond 4.125% 2/15/2036 1,289,748 1,269,545
  United States Treasury Note/Bond 4.500% 2/15/2036 8,255 8,408
            29,273,301
Agency Bonds and Notes (0.4%)
  Federal Home Loan Banks 4.750% 3/10/2034 14,900 15,295
1 Federal Home Loan Mortgage Corp. 6.750% 3/15/2031 20,644 23,167
1 Federal Home Loan Mortgage Corp. 6.250% 7/15/2032 36,012 40,133
1 Federal National Mortgage Assn. 0.875% 8/5/2030 63,690 55,903
1 Federal National Mortgage Assn. 6.625% 11/15/2030 38,604 42,863
2 Private Export Funding Corp. 4.600% 2/15/2034 3,500 3,532
  Tennessee Valley Authority 1.500% 9/15/2031 4,185 3,653

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Tennessee Valley Authority 4.375% 8/1/2034 11,127 11,114
  Tennessee Valley Authority 4.875% 5/15/2035 15,663 16,132
            211,792
Total U.S. Government and Agency Obligations (Cost $29,854,532) 29,485,093
Corporate Bonds (37.3%)
Communications (2.5%)
  Airbnb Inc. 5.250% 3/16/2036 10,850 10,841
  Alphabet Inc. 4.375% 11/15/2032 12,434 12,359
  Alphabet Inc. 4.400% 2/15/2033 19,622 19,371
  Alphabet Inc. 4.500% 5/15/2035 10,134 9,965
  Alphabet Inc. 4.700% 11/15/2035 32,454 32,075
  Alphabet Inc. 4.800% 2/15/2036 37,073 36,898
  America Movil SAB de CV 4.700% 7/21/2032 8,945 8,834
  America Movil SAB de CV 5.000% 1/20/2033 5,409 5,414
  America Movil SAB de CV 6.375% 3/1/2035 8,276 8,971
  AppLovin Corp. 5.375% 12/1/2031 18,241 18,413
  AppLovin Corp. 5.500% 12/1/2034 6,065 6,015
  AT&T Inc. 2.750% 6/1/2031 15,009 13,718
  AT&T Inc. 2.250% 2/1/2032 42,673 37,287
  AT&T Inc. 4.550% 11/1/2032 12,684 12,458
  AT&T Inc. 4.750% 4/30/2033 5,298 5,250
  AT&T Inc. 2.550% 12/1/2033 31,402 26,567
  AT&T Inc. 5.400% 2/15/2034 5,022 5,135
  AT&T Inc. 4.500% 5/15/2035 29,683 28,127
  AT&T Inc. 5.375% 8/15/2035 23,757 24,049
  AT&T Inc. 4.900% 11/1/2035 7,129 6,951
  AT&T Inc. 5.125% 4/30/2036 7,657 7,555
  Baidu Inc. 2.375% 8/23/2031 7,550 6,805
  Bell Telephone Co. of Canada or Bell Canada 5.100% 5/11/2033 14,348 14,375
  Charter Communications Operating LLC 2.800% 4/1/2031 18,528 16,629
  Charter Communications Operating LLC 2.300% 2/1/2032 21,907 18,776
  Charter Communications Operating LLC 4.400% 4/1/2033 10,773 10,060
  Charter Communications Operating LLC 6.650% 2/1/2034 8,067 8,412
  Charter Communications Operating LLC 6.550% 6/1/2034 12,703 13,180
  Charter Communications Operating LLC 6.384% 10/23/2035 12,289 12,510
  Charter Communications Operating LLC 5.850% 12/1/2035 10,834 10,647
  Comcast Corp. 4.950% 5/15/2032 5,494 5,549
  Comcast Corp. 5.500% 11/15/2032 564 586
  Comcast Corp. 4.250% 1/15/2033 15,763 15,227
  Comcast Corp. 4.650% 2/15/2033 18,271 18,090
  Comcast Corp. 4.800% 5/15/2033 16,953 16,876
  Comcast Corp. 5.300% 6/1/2034 12,777 12,966
  Comcast Corp. 4.200% 8/15/2034 10,198 9,598
  Comcast Corp. 5.300% 5/15/2035 5,109 5,199
  Comcast Corp. 5.650% 6/15/2035 6,750 6,979
  Comcast Corp. 6.500% 11/15/2035 12,277 13,429
  Electronic Arts Inc. 1.850% 2/15/2031 2,600 2,393
  Expedia Group Inc. 2.950% 3/15/2031 6,593 6,043
  Expedia Group Inc. 5.400% 2/15/2035 10,693 10,607
  FactSet Research Systems Inc. 3.450% 3/1/2032 7,028 6,351
  Fox Corp. 6.500% 10/13/2033 9,582 10,278
  MercadoLibre Inc. 4.900% 1/15/2033 7,600 7,335
  Meta Platforms Inc. 4.550% 8/15/2031 14,060 14,131
  Meta Platforms Inc. 3.850% 8/15/2032 29,123 27,779
  Meta Platforms Inc. 4.600% 11/15/2032 38,494 38,094
  Meta Platforms Inc. 4.950% 5/15/2033 6,834 6,887
  Meta Platforms Inc. 4.750% 8/15/2034 26,379 26,070
  Meta Platforms Inc. 4.875% 11/15/2035 56,875 55,783
  Netflix Inc. 4.900% 8/15/2034 6,245 6,293
  Omnicom Group Inc. 2.600% 8/1/2031 7,502 6,718
  Omnicom Group Inc. 5.000% 6/2/2033 6,100 5,956
  Omnicom Group Inc. 5.300% 11/1/2034 5,734 5,674
  Orange SA 9.000% 3/1/2031 12,007 14,189

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Paramount Global 4.200% 5/19/2032 5,736 4,916
  Paramount Global 5.500% 5/15/2033 6,215 5,421
  Rogers Communications Inc. 3.800% 3/15/2032 17,674 16,500
  Rogers Communications Inc. 5.300% 2/15/2034 14,158 14,095
  Sprint Capital Corp. 8.750% 3/15/2032 18,685 22,234
  Take-Two Interactive Software Inc. 4.000% 4/14/2032 4,261 4,064
  Take-Two Interactive Software Inc. 5.600% 6/12/2034 5,392 5,484
  TELUS Corp. 3.400% 5/13/2032 8,257 7,533
  Time Warner Cable Enterprises LLC 8.375% 7/15/2033 9,154 10,373
  T-Mobile USA Inc. 3.500% 4/15/2031 5,072 4,801
  T-Mobile USA Inc. 2.700% 3/15/2032 11,380 10,116
  T-Mobile USA Inc. 5.125% 5/15/2032 11,379 11,539
  T-Mobile USA Inc. 4.625% 1/15/2033 632 620
  T-Mobile USA Inc. 5.200% 1/15/2033 16,302 16,582
  T-Mobile USA Inc. 5.050% 7/15/2033 36,808 37,035
  T-Mobile USA Inc. 6.700% 12/15/2033 950 1,045
  T-Mobile USA Inc. 5.150% 4/15/2034 19,106 19,231
  T-Mobile USA Inc. 5.300% 5/15/2035 6,731 6,787
  T-Mobile USA Inc. 4.950% 11/15/2035 19,659 19,293
  T-Mobile USA Inc. 5.000% 2/15/2036 7,623 7,494
2 TWDC Enterprises 18 Corp. 7.000% 3/1/2032 3,804 4,261
  Uber Technologies Inc. 4.800% 9/15/2034 20,946 20,486
  Uber Technologies Inc. 4.800% 9/15/2035 16,189 15,722
  VeriSign Inc. 2.700% 6/15/2031 7,402 6,623
  VeriSign Inc. 5.250% 6/1/2032 5,048 5,091
  Verizon Communications Inc. 2.550% 3/21/2031 16,907 15,349
  Verizon Communications Inc. 2.355% 3/15/2032 47,941 41,849
  Verizon Communications Inc. 4.750% 1/15/2033 11,634 11,485
  Verizon Communications Inc. 5.050% 5/9/2033 4,746 4,806
  Verizon Communications Inc. 4.500% 8/10/2033 23,522 22,813
  Verizon Communications Inc. 4.400% 11/1/2034 17,317 16,478
  Verizon Communications Inc. 4.780% 2/15/2035 17,181 16,658
  Verizon Communications Inc. 5.250% 4/2/2035 28,231 28,264
  Verizon Communications Inc. 4.272% 1/15/2036 8,068 7,460
  Verizon Communications Inc. 5.000% 1/15/2036 26,623 26,056
  Walt Disney Co. 6.550% 3/15/2033 3,388 3,769
  Walt Disney Co. 6.400% 12/15/2035 9,725 10,786
  Walt Disney Co. 4.625% 3/14/2036 10,000 9,725
  WPP 2025 LLC 6.500% 3/30/2036 3,600 3,546
            1,299,117
Consumer Discretionary (2.3%)
  Alibaba Group Holding Ltd. 4.500% 11/28/2034 7,385 7,215
  Alibaba Group Holding Ltd. 5.250% 5/26/2035 8,600 8,841
  Amazon.com Inc. 2.100% 5/12/2031 24,078 21,565
  Amazon.com Inc. 3.600% 4/13/2032 20,960 19,966
  Amazon.com Inc. 4.700% 12/1/2032 12,804 12,941
  Amazon.com Inc. 4.550% 3/13/2033 34,261 33,930
  Amazon.com Inc. 4.350% 3/20/2033 31,693 31,104
  Amazon.com Inc. 4.800% 12/5/2034 5,634 5,692
  Amazon.com Inc. 4.650% 11/20/2035 2,111 2,067
  Amazon.com Inc. 4.875% 3/13/2036 62,168 61,589
2 American Honda Finance Corp. 5.050% 7/10/2031 7,636 7,655
2 American Honda Finance Corp. 4.850% 10/23/2031 5,404 5,355
  American Honda Finance Corp. 5.150% 7/9/2032 9,523 9,537
2 American Honda Finance Corp. 4.900% 1/10/2034 4,826 4,693
  American Honda Finance Corp. 5.200% 3/5/2035 7,032 6,890
  American Honda Finance Corp. 5.100% 1/8/2036 4,646 4,483
  Aptiv Swiss Holdings Ltd. 3.250% 3/1/2032 3,195 2,998
  Aptiv Swiss Holdings Ltd. 5.150% 9/13/2034 7,247 7,406
  AutoNation Inc. 2.400% 8/1/2031 3,923 3,427
  AutoNation Inc. 3.850% 3/1/2032 3,005 2,792
  AutoNation Inc. 5.890% 3/15/2035 7,031 7,175
  AutoZone Inc. 4.750% 8/1/2032 3,880 3,849
  AutoZone Inc. 4.750% 2/1/2033 7,110 7,012

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  AutoZone Inc. 5.200% 8/1/2033 4,705 4,751
  AutoZone Inc. 6.550% 11/1/2033 2,421 2,636
  AutoZone Inc. 5.400% 7/15/2034 3,597 3,652
  Best Buy Co. Inc. 1.950% 10/1/2030 2,539 2,260
  Block Financial LLC 5.375% 9/15/2032 6,123 5,932
  BorgWarner Inc. 5.400% 8/15/2034 7,144 7,232
  Brunswick Corp. 2.400% 8/18/2031 6,173 5,350
  Brunswick Corp. 4.400% 9/15/2032 4,489 4,231
  Choice Hotels International Inc. 5.850% 8/1/2034 8,235 8,291
  Cornell University 4.835% 6/15/2034 13,750 13,895
2 Cornell University 4.733% 6/15/2035 295 292
  Darden Restaurants Inc. 6.300% 10/10/2033 1,682 1,799
  Dick's Sporting Goods Inc. 3.150% 1/15/2032 4,318 3,927
  DR Horton Inc. 4.850% 10/15/2030 4,835 4,871
  DR Horton Inc. 5.000% 10/15/2034 4,617 4,553
  DR Horton Inc. 5.500% 10/15/2035 3,960 4,019
  eBay Inc. 2.600% 5/10/2031 7,185 6,485
  eBay Inc. 6.300% 11/22/2032 3,750 4,041
  eBay Inc. 5.125% 11/6/2035 5,525 5,449
  Ferguson Enterprises Inc. 5.000% 10/3/2034 6,678 6,603
  Ford Motor Co. 3.250% 2/12/2032 41,272 35,853
  Ford Motor Co. 6.100% 8/19/2032 7,040 7,095
  Ford Motor Credit Co. LLC 6.050% 3/5/2031 8,585 8,667
  Ford Motor Credit Co. LLC 3.625% 6/17/2031 3,022 2,724
  Ford Motor Credit Co. LLC 6.054% 11/5/2031 8,416 8,446
  Ford Motor Credit Co. LLC 6.532% 3/19/2032 10,106 10,364
  Ford Motor Credit Co. LLC 5.753% 4/6/2033 6,767 6,633
  Ford Motor Credit Co. LLC 7.122% 11/7/2033 11,401 11,978
  Ford Motor Credit Co. LLC 6.125% 3/8/2034 15,215 15,059
  Ford Motor Credit Co. LLC 6.500% 2/7/2035 2,369 2,390
  Ford Motor Credit Co. LLC 5.869% 10/31/2035 2,325 2,235
  Fortune Brands Innovations Inc. 4.000% 3/25/2032 2,319 2,192
  Fortune Brands Innovations Inc. 5.875% 6/1/2033 7,110 7,368
  General Motors Co. 5.600% 10/15/2032 12,959 13,264
  General Motors Co. 5.000% 4/1/2035 4,480 4,291
  General Motors Co. 6.250% 4/15/2035 10,710 11,140
  General Motors Co. 6.600% 4/1/2036 15,000 15,946
  General Motors Financial Co. Inc. 2.700% 6/10/2031 13,952 12,513
  General Motors Financial Co. Inc. 5.600% 6/18/2031 10,006 10,242
  General Motors Financial Co. Inc. 3.100% 1/12/2032 7,074 6,348
  General Motors Financial Co. Inc. 5.625% 4/4/2032 13,045 13,344
  General Motors Financial Co. Inc. 6.400% 1/9/2033 3,956 4,192
  General Motors Financial Co. Inc. 6.100% 1/7/2034 5,964 6,193
  General Motors Financial Co. Inc. 5.950% 4/4/2034 15,023 15,418
  General Motors Financial Co. Inc. 5.450% 9/6/2034 2,242 2,224
  General Motors Financial Co. Inc. 5.900% 1/7/2035 23,645 24,070
  General Motors Financial Co. Inc. 6.150% 7/15/2035 12,239 12,652
  General Motors Financial Co. Inc. 5.450% 1/8/2036 5,044 4,969
  Genuine Parts Co. 6.875% 11/1/2033 7,236 7,818
  Hasbro Inc. 6.050% 5/14/2034 3,865 4,025
  Home Depot Inc. 4.850% 6/25/2031 4,492 4,591
  Home Depot Inc. 1.875% 9/15/2031 11,966 10,472
  Home Depot Inc. 3.250% 4/15/2032 12,656 11,814
  Home Depot Inc. 4.500% 9/15/2032 9,415 9,402
  Home Depot Inc. 4.950% 6/25/2034 8,654 8,716
  Home Depot Inc. 4.650% 9/15/2035 9,507 9,271
  Honda Motor Co. Ltd. 2.967% 3/10/2032 9,067 8,111
  Honda Motor Co. Ltd. 5.337% 7/8/2035 9,093 8,994
  Hyatt Hotels Corp. 5.375% 12/15/2031 7,853 7,962
  Hyatt Hotels Corp. 5.750% 3/30/2032 5,643 5,795
  Hyatt Hotels Corp. 5.500% 6/30/2034 3,470 3,505
  Hyatt Hotels Corp. 5.400% 12/15/2035 4,856 4,757
2 Johns Hopkins University 4.705% 7/1/2032 5,045 5,098
  Las Vegas Sands Corp. 6.000% 6/14/2030 2,000 2,057
  Las Vegas Sands Corp. 6.200% 8/15/2034 4,574 4,695

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Leland Stanford Junior University 4.679% 3/1/2035 7,554 7,493
  Lowe's Cos. Inc. 4.250% 3/15/2031 15,040 14,779
  Lowe's Cos. Inc. 2.625% 4/1/2031 16,372 14,878
  Lowe's Cos. Inc. 3.750% 4/1/2032 15,341 14,525
  Lowe's Cos. Inc. 4.500% 10/15/2032 23,445 23,050
  Lowe's Cos. Inc. 5.000% 4/15/2033 6,685 6,727
  Lowe's Cos. Inc. 5.150% 7/1/2033 5,761 5,829
  Lowe's Cos. Inc. 4.850% 10/15/2035 22,712 22,118
  Magna International Inc. 5.500% 3/21/2033 4,811 4,936
  Magna International Inc. 5.875% 6/1/2035 4,565 4,723
2 Marriott International Inc. 2.850% 4/15/2031 12,211 11,183
  Marriott International Inc. 4.500% 10/15/2031 2,847 2,813
2 Marriott International Inc. 3.500% 10/15/2032 7,567 6,953
  Marriott International Inc. 4.500% 5/1/2033 2,221 2,144
2 Marriott International Inc. 2.750% 10/15/2033 3,650 3,155
  Marriott International Inc. 5.300% 5/15/2034 8,778 8,857
  Marriott International Inc. 5.250% 10/15/2035 4,124 4,100
  Marriott International Inc. 5.500% 4/15/2037 4,000 3,985
  McDonald's Corp. 4.400% 2/12/2031 2,386 2,379
2 McDonald's Corp. 4.600% 9/9/2032 6,652 6,669
  McDonald's Corp. 4.950% 8/14/2033 5,364 5,450
  McDonald's Corp. 4.950% 3/3/2035 13,320 13,248
2 McDonald's Corp. 4.700% 12/9/2035 5,174 5,067
  McDonald's Corp. 5.000% 2/13/2036 4,438 4,416
3 Mercedes-Benz Finance North America LLC 2.450% 3/2/2031 2,725 2,449
  Meritage Homes Corp. 5.650% 3/15/2035 4,436 4,429
  Northwestern University 4.940% 12/1/2035 4,430 4,453
  O'Reilly Automotive Inc. 4.700% 6/15/2032 9,104 9,055
  O'Reilly Automotive Inc. 5.000% 8/19/2034 9,402 9,310
  O'Reilly Automotive Inc. 5.100% 3/12/2036 3,600 3,554
  Owens Corning 5.700% 6/15/2034 8,403 8,694
2 President & Fellows of Harvard College 4.609% 2/15/2035 5,308 5,248
  President & Fellows of Harvard College 5.259% 3/15/2036 1,100 1,140
  PulteGroup Inc. 6.375% 5/15/2033 4,930 5,285
  PulteGroup Inc. 4.900% 3/1/2036 4,625 4,469
  Ralph Lauren Corp. 5.000% 6/15/2032 9,853 10,002
  Rollins Inc. 5.250% 2/24/2035 3,315 3,306
  Ross Stores Inc. 1.875% 4/15/2031 5,045 4,425
  Royal Caribbean Cruises Ltd. 4.750% 5/15/2033 13,780 13,305
  Royal Caribbean Cruises Ltd. 5.375% 1/15/2036 14,247 14,002
  Sands China Ltd. 3.250% 8/8/2031 4,450 4,013
  Stanley Black & Decker Inc. 3.000% 5/15/2032 6,003 5,407
  Starbucks Corp. 4.900% 2/15/2031 5,414 5,480
  Starbucks Corp. 3.000% 2/14/2032 8,701 7,936
  Starbucks Corp. 4.800% 2/15/2033 5,360 5,350
  Starbucks Corp. 5.000% 2/15/2034 3,385 3,397
  Starbucks Corp. 5.400% 5/15/2035 1,626 1,662
  Tapestry Inc. 5.500% 3/11/2035 7,307 7,330
  Toll Brothers Finance Corp. 5.600% 6/15/2035 3,826 3,902
  Toyota Motor Corp. 5.053% 6/30/2035 4,169 4,206
  Toyota Motor Credit Corp. 1.900% 9/12/2031 5,871 5,108
2 Toyota Motor Credit Corp. 4.600% 10/10/2031 8,048 8,036
2 Toyota Motor Credit Corp. 2.400% 1/13/2032 8,028 7,113
  Toyota Motor Credit Corp. 4.650% 9/3/2032 11,706 11,614
  Toyota Motor Credit Corp. 4.700% 1/12/2033 5,258 5,234
2 Toyota Motor Credit Corp. 4.600% 3/11/2033 6,479 6,378
2 Toyota Motor Credit Corp. 4.800% 1/5/2034 12,288 12,201
  Toyota Motor Credit Corp. 5.350% 1/9/2035 11,215 11,469
2 Toyota Motor Credit Corp. 4.800% 1/11/2036 1,958 1,911
  Tractor Supply Co. 5.250% 5/15/2033 6,425 6,518
2 Trustees of Columbia University in the City of New York 4.355% 10/1/2035 3,100 2,996
2 Yale University 1.482% 4/15/2030 9,830 8,886
            1,212,094

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
Consumer Staples (2.1%)
  Altria Group Inc. 2.450% 2/4/2032 16,363 14,359
  Altria Group Inc. 5.625% 2/6/2035 6,150 6,298
  Altria Group Inc. 5.250% 8/6/2035 3,593 3,578
2 Anheuser-Busch Cos. LLC 4.700% 2/1/2036 56,388 54,907
  Anheuser-Busch InBev Finance Inc. 4.700% 2/1/2036 2,727 2,661
  Anheuser-Busch InBev Worldwide Inc. 5.000% 6/15/2034 9,569 9,682
  Archer-Daniels-Midland Co. 2.900% 3/1/2032 7,480 6,819
  Avery Dennison Corp. 5.750% 3/15/2033 6,150 6,405
  BAT Capital Corp. 2.726% 3/25/2031 15,261 13,939
  BAT Capital Corp. 4.742% 3/16/2032 9,665 9,626
  BAT Capital Corp. 5.350% 8/15/2032 9,813 10,068
  BAT Capital Corp. 7.750% 10/19/2032 5,136 5,892
  BAT Capital Corp. 6.421% 8/2/2033 8,028 8,707
  BAT Capital Corp. 6.000% 2/20/2034 7,631 8,060
  BAT Capital Corp. 5.625% 8/15/2035 8,665 8,915
  Brown-Forman Corp. 4.750% 4/15/2033 5,580 5,534
  Bunge Ltd. Finance Corp. 3.200% 4/21/2031 3,150 2,940
  Bunge Ltd. Finance Corp. 2.750% 5/14/2031 10,697 9,742
  Bunge Ltd. Finance Corp. 4.800% 3/19/2033 2,613 2,579
  Bunge Ltd. Finance Corp. 4.650% 9/17/2034 9,105 8,800
  Bunge Ltd. Finance Corp. 5.150% 8/4/2035 5,665 5,641
  Bunge Ltd. Finance Corp. 5.150% 3/19/2036 2,613 2,577
  Campbell's Co. 5.400% 3/21/2034 8,448 8,190
  Campbell's Co. 4.750% 3/23/2035 6,495 5,978
  Church & Dwight Co. Inc. 2.300% 12/15/2031 4,935 4,375
  Church & Dwight Co. Inc. 5.600% 11/15/2032 4,950 5,204
  Clorox Co. 4.600% 5/1/2032 6,212 6,158
  Coca-Cola Co. 2.000% 3/5/2031 2,669 2,400
  Coca-Cola Co. 1.375% 3/15/2031 8,081 7,051
  Coca-Cola Co. 2.250% 1/5/2032 9,748 8,726
  Coca-Cola Co. 5.000% 5/13/2034 90 93
  Coca-Cola Co. 4.650% 8/14/2034 7,484 7,530
  Coca-Cola Consolidated Inc. 5.450% 6/1/2034 4,859 4,985
  Coca-Cola Femsa SAB de CV 1.850% 9/1/2032 6,090 5,078
  Coca-Cola Femsa SAB de CV 5.100% 5/6/2035 6,270 6,209
  Colgate-Palmolive Co. 3.250% 8/15/2032 5,410 5,075
  Conagra Brands Inc. 5.750% 8/1/2035 4,445 4,455
  Constellation Brands Inc. 2.250% 8/1/2031 9,929 8,757
  Constellation Brands Inc. 4.750% 5/9/2032 7,960 7,899
  Constellation Brands Inc. 4.900% 5/1/2033 5,121 5,053
  Constellation Brands Inc. 4.950% 11/1/2035 6,410 6,191
  Costco Wholesale Corp. 1.750% 4/20/2032 13,330 11,512
  Diageo Capital plc 2.125% 4/29/2032 4,250 3,662
  Diageo Capital plc 5.500% 1/24/2033 12,098 12,492
  Diageo Capital plc 5.625% 10/5/2033 8,477 8,819
  Diageo Investment Corp. 5.625% 4/15/2035 4,101 4,246
  Diageo Investment Corp. 7.450% 4/15/2035 3,746 4,380
  Dollar General Corp. 5.000% 11/1/2032 7,151 7,105
  Dollar General Corp. 5.450% 7/5/2033 5,273 5,335
  Dollar Tree Inc. 2.650% 12/1/2031 7,324 6,517
  Estee Lauder Cos. Inc. 1.950% 3/15/2031 5,120 4,520
  Estee Lauder Cos. Inc. 4.650% 5/15/2033 8,466 8,323
  Estee Lauder Cos. Inc. 5.000% 2/14/2034 3,620 3,604
  Flowers Foods Inc. 5.750% 3/15/2035 3,850 3,673
  General Mills Inc. 4.950% 3/29/2033 9,650 9,547
  General Mills Inc. 5.250% 1/30/2035 6,510 6,432
  Haleon US Capital LLC 3.625% 3/24/2032 18,207 17,149
  Hershey Co. 4.950% 2/24/2032 5,033 5,144
  Hershey Co. 4.500% 5/4/2033 4,100 4,087
  Hershey Co. 5.100% 2/24/2035 1,900 1,940
  J M Smucker Co. 2.125% 3/15/2032 5,825 4,989
  J M Smucker Co. 6.200% 11/15/2033 10,485 11,103
  JBS NV 3.750% 12/1/2031 7,169 6,715
  JBS NV 3.625% 1/15/2032 5,805 5,373

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  JBS NV 3.000% 5/15/2032 8,000 7,103
  JBS NV 5.750% 4/1/2033 18,799 19,405
  JBS NV 6.750% 3/15/2034 18,105 19,881
  JBS NV 5.950% 4/20/2035 8,990 9,328
  JBS NV 5.500% 1/15/2036 11,040 11,038
2 Kellanova 7.450% 4/1/2031 7,579 8,544
  Kenvue Inc. 4.850% 5/22/2032 5,756 5,812
  Kenvue Inc. 4.900% 3/22/2033 12,316 12,409
2 Keurig Dr Pepper Inc. 5.200% 3/15/2031 6,824 6,895
  Keurig Dr Pepper Inc. 4.050% 4/15/2032 7,423 7,021
  Keurig Dr Pepper Inc. 5.300% 3/15/2034 8,012 7,944
  Kimberly-Clark Corp. 2.000% 11/2/2031 7,899 7,013
  Kraft Heinz Foods Co. 4.250% 3/1/2031 13,889 13,581
  Kraft Heinz Foods Co. 6.750% 3/15/2032 1,335 1,440
  Kraft Heinz Foods Co. 5.400% 3/15/2035 3,220 3,217
  Kraft Heinz Foods Co. 5.000% 7/15/2035 5,619 5,458
  Kroger Co. 5.000% 9/15/2034 22,620 22,345
  McCormick & Co. Inc. 4.950% 4/15/2033 684 676
  McCormick & Co. Inc. 4.700% 10/15/2034 6,015 5,738
  Mondelez International Inc. 3.000% 3/17/2032 10,615 9,601
  Mondelez International Inc. 1.875% 10/15/2032 6,175 5,242
  Mondelez International Inc. 4.750% 8/28/2034 5,435 5,315
  Mondelez International Inc. 5.125% 5/6/2035 4,000 4,007
  PepsiCo Inc. 1.625% 5/1/2030 5,460 4,921
  PepsiCo Inc. 1.950% 10/21/2031 13,068 11,523
  PepsiCo Inc. 3.900% 7/18/2032 8,962 8,696
  PepsiCo Inc. 4.650% 7/23/2032 10,594 10,658
  PepsiCo Inc. 4.800% 7/17/2034 2,685 2,702
  PepsiCo Inc. 5.000% 2/7/2035 9,695 9,802
  PepsiCo Inc. 5.000% 7/23/2035 16,004 16,165
  Philip Morris International Inc. 1.750% 11/1/2030 2,879 2,549
  Philip Morris International Inc. 4.750% 11/1/2031 8,962 8,999
  Philip Morris International Inc. 4.250% 10/29/2032 15,520 15,064
  Philip Morris International Inc. 5.750% 11/17/2032 14,424 15,168
  Philip Morris International Inc. 5.375% 2/15/2033 26,989 27,740
  Philip Morris International Inc. 5.625% 9/7/2033 9,281 9,682
  Philip Morris International Inc. 5.250% 2/13/2034 17,337 17,667
  Philip Morris International Inc. 4.900% 11/1/2034 3,540 3,521
  Philip Morris International Inc. 4.875% 4/30/2035 5,208 5,128
  Philip Morris International Inc. 4.625% 10/29/2035 6,061 5,829
  Pilgrim's Pride Corp. 4.250% 4/15/2031 9,398 8,998
  Pilgrim's Pride Corp. 3.500% 3/1/2032 8,196 7,440
  Pilgrim's Pride Corp. 6.250% 7/1/2033 10,845 11,322
  Pilgrim's Pride Corp. 6.875% 5/15/2034 6,725 7,259
  Procter & Gamble Co. 1.200% 10/29/2030 6,497 5,686
  Procter & Gamble Co. 1.950% 4/23/2031 6,419 5,765
  Procter & Gamble Co. 4.100% 11/3/2032 6,754 6,644
  Procter & Gamble Co. 4.050% 1/26/2033 180 177
  Procter & Gamble Co. 4.550% 1/29/2034 9,618 9,630
  Procter & Gamble Co. 4.600% 5/1/2035 6,750 6,719
  Procter & Gamble Co. 4.350% 11/3/2035 6,765 6,559
  Reynolds American Inc. 5.700% 8/15/2035 6,717 6,903
  Sysco Corp. 2.450% 12/14/2031 6,504 5,681
  Sysco Corp. 5.400% 3/23/2035 5,080 5,045
  Sysco Corp. 4.950% 3/25/2036 3,688 3,518
  Target Corp. 4.500% 9/15/2032 6,275 6,324
  Target Corp. 4.400% 1/15/2033 2,500 2,485
  Target Corp. 4.500% 9/15/2034 14,553 14,168
  Target Corp. 5.000% 4/15/2035 6,857 6,876
  Target Corp. 5.250% 2/15/2036 4,303 4,355
  Tyson Foods Inc. 5.700% 3/15/2034 10,930 11,315
  Unilever Capital Corp. 1.750% 8/12/2031 8,395 7,351
  Unilever Capital Corp. 5.900% 11/15/2032 3,104 3,359
  Unilever Capital Corp. 5.000% 12/8/2033 10,055 10,274
  Unilever Capital Corp. 4.625% 8/12/2034 8,700 8,602

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Walmart Inc. 1.800% 9/22/2031 6,572 5,827
  Walmart Inc. 4.150% 9/9/2032 5,958 5,932
  Walmart Inc. 4.100% 4/15/2033 15,543 15,339
  Walmart Inc. 4.900% 4/28/2035 12,349 12,512
  Walmart Inc. 5.250% 9/1/2035 5,945 6,205
            1,066,900
Energy (2.6%)
  Antero Resources Corp. 5.400% 2/1/2036 6,745 6,641
  APA Corp. 6.100% 2/15/2035 4,308 4,422
  Baker Hughes Holdings LLC 4.350% 6/15/2031 7,875 7,774
  Baker Hughes Holdings LLC 4.650% 6/15/2033 12,387 12,195
  Boardwalk Pipelines LP 3.600% 9/1/2032 3,018 2,781
  Boardwalk Pipelines LP 5.625% 8/1/2034 6,670 6,841
  BP Capital Markets America Inc. 2.721% 1/12/2032 17,924 16,209
  BP Capital Markets America Inc. 4.812% 2/13/2033 25,075 25,156
  BP Capital Markets America Inc. 4.893% 9/11/2033 15,595 15,693
  BP Capital Markets America Inc. 4.989% 4/10/2034 7,558 7,612
  BP Capital Markets America Inc. 5.227% 11/17/2034 16,964 17,304
  Canadian Natural Resources Ltd. 7.200% 1/15/2032 5,100 5,661
  Canadian Natural Resources Ltd. 6.450% 6/30/2033 3,088 3,321
  Canadian Natural Resources Ltd. 5.400% 12/15/2034 9,172 9,276
  Cenovus Energy Inc. 2.650% 1/15/2032 4,929 4,385
  Cheniere Energy Inc. 5.650% 4/15/2034 14,084 14,512
  Cheniere Energy Partners LP 3.250% 1/31/2032 17,287 15,742
  Cheniere Energy Partners LP 5.950% 6/30/2033 9,898 10,382
  Cheniere Energy Partners LP 5.750% 8/15/2034 17,152 17,684
  Cheniere Energy Partners LP 5.550% 10/30/2035 6,600 6,706
  Chevron USA Inc. 4.819% 4/15/2032 3,237 3,302
  Chevron USA Inc. 4.500% 10/15/2032 15,463 15,509
  Chevron USA Inc. 4.980% 4/15/2035 3,153 3,195
  Chevron USA Inc. 4.850% 10/15/2035 13,631 13,674
  ConocoPhillips 5.900% 10/15/2032 2,101 2,258
  ConocoPhillips Co. 4.850% 1/15/2032 14,533 14,759
  ConocoPhillips Co. 5.000% 1/15/2035 16,383 16,452
  Coterra Energy Inc. 5.600% 3/15/2034 5,457 5,584
  Coterra Energy Inc. 5.400% 2/15/2035 7,399 7,426
  DCP Midstream Operating LP 3.250% 2/15/2032 6,624 6,029
  Devon Energy Corp. 5.200% 9/15/2034 18,443 18,481
  Diamondback Energy Inc. 6.250% 3/15/2033 9,331 9,963
  Diamondback Energy Inc. 5.400% 4/18/2034 11,660 11,843
  Diamondback Energy Inc. 5.550% 4/1/2035 15,449 15,773
  Eastern Energy Gas Holdings LLC 5.800% 1/15/2035 6,893 7,149
  Enbridge Inc. 5.700% 3/8/2033 23,645 24,508
  Enbridge Inc. 2.500% 8/1/2033 10,805 9,185
  Enbridge Inc. 5.625% 4/5/2034 12,326 12,723
  Enbridge Inc. 5.550% 6/20/2035 6,461 6,603
  Enbridge Inc. 5.200% 11/20/2035 2,455 2,444
  Enbridge Inc. 5.450% 3/27/2036 10,800 10,902
  Enbridge Inc. 7.200% 6/27/2054 6,855 7,212
  Energy Transfer LP 5.750% 2/15/2033 17,011 17,691
  Energy Transfer LP 6.550% 12/1/2033 29,287 31,626
  Energy Transfer LP 5.600% 9/1/2034 9,167 9,352
  Energy Transfer LP 4.900% 3/15/2035 4,870 4,720
  Energy Transfer LP 5.700% 4/1/2035 11,463 11,770
  Energy Transfer LP 5.350% 1/15/2036 5,255 5,221
  Enterprise Products Operating LLC 5.350% 1/31/2033 9,057 9,348
2 Enterprise Products Operating LLC 6.875% 3/1/2033 5,869 6,586
  Enterprise Products Operating LLC 4.850% 1/31/2034 8,189 8,175
2 Enterprise Products Operating LLC 6.650% 10/15/2034 3,106 3,444
  Enterprise Products Operating LLC 4.950% 2/15/2035 8,270 8,260
  Enterprise Products Operating LLC 5.200% 1/15/2036 11,345 11,406
  EOG Resources Inc. 5.000% 7/15/2032 19,536 19,793
  EOG Resources Inc. 5.350% 1/15/2036 10,415 10,567
  EQT Corp. 5.750% 2/1/2034 7,940 8,186

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Expand Energy Corp. 4.750% 2/1/2032 9,140 8,906
  Expand Energy Corp. 5.700% 1/15/2035 7,063 7,172
  Halliburton Co. 4.850% 11/15/2035 5,225 5,082
  Helmerich & Payne Inc. 2.900% 9/29/2031 5,696 5,087
  Helmerich & Payne Inc. 5.500% 12/1/2034 4,925 4,856
  Hess Corp. 7.300% 8/15/2031 8,443 9,542
  Hess Corp. 7.125% 3/15/2033 4,675 5,328
  HF Sinclair Corp. 5.500% 9/1/2032 4,603 4,616
  HF Sinclair Corp. 6.250% 1/15/2035 7,340 7,574
  Kinder Morgan Energy Partners LP 7.300% 8/15/2033 939 1,062
  Kinder Morgan Energy Partners LP 5.800% 3/15/2035 1,098 1,140
2 Kinder Morgan Inc. 7.800% 8/1/2031 2,648 3,022
2 Kinder Morgan Inc. 7.750% 1/15/2032 5,918 6,785
  Kinder Morgan Inc. 4.800% 2/1/2033 9,066 8,995
  Kinder Morgan Inc. 5.200% 6/1/2033 23,477 23,882
  Kinder Morgan Inc. 5.400% 2/1/2034 7,632 7,809
  Kinder Morgan Inc. 5.300% 12/1/2034 4,389 4,428
  Kinder Morgan Inc. 5.850% 6/1/2035 18,836 19,740
  Marathon Petroleum Corp. 5.700% 3/1/2035 20,405 20,935
  MPLX LP 4.950% 9/1/2032 8,860 8,837
  MPLX LP 5.000% 1/15/2033 26,481 26,320
  MPLX LP 5.000% 3/1/2033 9,578 9,520
  MPLX LP 5.500% 6/1/2034 8,743 8,844
  MPLX LP 5.400% 4/1/2035 9,187 9,164
  MPLX LP 5.400% 9/15/2035 13,297 13,240
  Occidental Petroleum Corp. 7.500% 5/1/2031 10,879 12,110
  Occidental Petroleum Corp. 7.875% 9/15/2031 7,354 8,356
  Occidental Petroleum Corp. 5.550% 10/1/2034 12,770 12,978
  ONEOK Inc. 4.750% 10/15/2031 8,713 8,626
  ONEOK Inc. 4.950% 10/15/2032 5,779 5,733
  ONEOK Inc. 6.100% 11/15/2032 8,300 8,749
  ONEOK Inc. 6.050% 9/1/2033 15,049 15,771
  ONEOK Inc. 5.650% 9/1/2034 9,678 9,847
  ONEOK Inc. 5.050% 11/1/2034 13,972 13,618
  ONEOK Inc. 5.400% 10/15/2035 7,036 6,992
  Ovintiv Inc. 7.200% 11/1/2031 4,009 4,408
  Ovintiv Inc. 7.375% 11/1/2031 6,610 7,316
  Ovintiv Inc. 6.250% 7/15/2033 4,008 4,230
  Ovintiv Inc. 6.500% 8/15/2034 6,189 6,601
  Patterson-UTI Energy Inc. 7.150% 10/1/2033 3,376 3,626
  Phillips 66 Co. 5.250% 6/15/2031 9,908 10,160
  Phillips 66 Co. 5.300% 6/30/2033 9,750 9,923
  Phillips 66 Co. 4.950% 3/15/2035 2,336 2,302
2 Phillips 66 Co. 6.200% 3/15/2056 1,825 1,818
  Plains All American Pipeline LP 5.700% 9/15/2034 7,293 7,454
  Plains All American Pipeline LP 5.950% 6/15/2035 10,527 10,858
  Plains All American Pipeline LP 5.600% 1/15/2036 6,520 6,541
2 Shell Finance US Inc. 4.125% 5/11/2035 13,313 12,628
  Shell Finance US Inc. 4.750% 1/6/2036 12,200 11,987
  South Bow USA Infrastructure Holdings LLC 5.584% 10/1/2034 13,372 13,285
  Suncor Energy Inc. 7.150% 2/1/2032 5,465 6,053
  Suncor Energy Inc. 5.950% 12/1/2034 5,050 5,282
  Targa Resources Corp. 4.200% 2/1/2033 8,690 8,237
  Targa Resources Corp. 6.125% 3/15/2033 10,715 11,334
  Targa Resources Corp. 6.500% 3/30/2034 10,159 10,984
  Targa Resources Corp. 5.500% 2/15/2035 7,303 7,371
  Targa Resources Corp. 5.550% 8/15/2035 7,697 7,764
  Targa Resources Corp. 5.650% 2/15/2036 8,100 8,213
  Targa Resources Partners LP 4.000% 1/15/2032 7,580 7,188
  TotalEnergies Capital SA 5.150% 4/5/2034 12,510 12,803
  TotalEnergies Capital SA 4.724% 9/10/2034 6,946 6,909
  TotalEnergies Capital USA LLC 4.569% 1/13/2033 12,648 12,520
  TotalEnergies Capital USA LLC 4.857% 1/13/2036 11,446 11,267
  TransCanada PipeLines Ltd. 4.625% 3/1/2034 12,550 12,138
  TransCanada PipeLines Ltd. 5.600% 3/31/2034 4,707 4,837

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Valero Energy Corp. 7.500% 4/15/2032 6,958 7,878
  Valero Energy Corp. 5.150% 3/10/2036 4,450 4,389
  Viper Energy Partners LLC 5.700% 8/1/2035 9,870 9,953
  Western Midstream Operating LP 6.150% 4/1/2033 6,259 6,537
  Western Midstream Operating LP 5.450% 11/15/2034 9,616 9,529
  Western Midstream Operating LP 5.500% 12/15/2035 5,431 5,341
  Williams Cos. Inc. 8.750% 3/15/2032 3,784 4,494
  Williams Cos. Inc. 4.650% 8/15/2032 7,639 7,552
  Williams Cos. Inc. 5.650% 3/15/2033 8,695 8,995
  Williams Cos. Inc. 5.150% 3/15/2034 13,240 13,266
  Williams Cos. Inc. 5.600% 3/15/2035 8,813 9,013
  Williams Cos. Inc. 5.300% 9/30/2035 10,370 10,362
  Williams Cos. Inc. 5.150% 3/15/2036 10,900 10,741
  Woodside Finance Ltd. 5.700% 5/19/2032 4,460 4,626
  Woodside Finance Ltd. 5.100% 9/12/2034 4,045 3,982
  Woodside Finance Ltd. 6.000% 5/19/2035 16,797 17,490
            1,316,267
Financials (12.3%)
  AerCap Ireland Capital DAC 3.300% 1/30/2032 53,787 48,897
  AerCap Ireland Capital DAC 4.750% 1/15/2033 4,716 4,583
  AerCap Ireland Capital DAC 3.400% 10/29/2033 17,267 15,262
  AerCap Ireland Capital DAC 5.300% 1/19/2034 1,971 1,962
  AerCap Ireland Capital DAC 4.950% 9/10/2034 11,004 10,719
  AerCap Ireland Capital DAC 5.000% 11/15/2035 4,272 4,136
  Affiliated Managers Group Inc. 5.500% 8/20/2034 5,220 5,184
  Affiliated Managers Group Inc. 5.500% 2/15/2036 5,869 5,780
2 Air Lease Corp. 5.200% 7/15/2031 9,255 9,270
2 Air Lease Corp. 2.875% 1/15/2032 280 248
  Allstate Corp. 5.250% 3/30/2033 7,376 7,535
  Allstate Corp. 5.350% 6/1/2033 4,445 4,565
  Allstate Corp. 5.550% 5/9/2035 6,780 7,005
2 Ally Financial Inc. 8.000% 11/1/2031 23,377 25,920
  Ally Financial Inc. 6.184% 7/26/2035 11,553 11,576
  American Express Co. 4.989% 5/26/2033 11,163 11,118
  American Express Co. 4.918% 7/20/2033 22,016 22,070
  American Express Co. 4.420% 8/3/2033 9,889 9,646
  American Express Co. 5.043% 5/1/2034 14,853 14,886
  American Express Co. 5.625% 7/28/2034 6,982 7,136
  American Express Co. 5.284% 7/26/2035 16,033 16,174
  American Express Co. 5.442% 1/30/2036 9,766 9,939
  American Express Co. 5.667% 4/25/2036 19,894 20,572
  American Express Co. 4.804% 10/24/2036 25,684 24,832
  American Financial Group Inc. 5.000% 9/23/2035 2,852 2,738
  American International Group Inc. 5.125% 3/27/2033 9,611 9,704
  American International Group Inc. 3.875% 1/15/2035 4,445 4,082
  American International Group Inc. 5.450% 5/7/2035 5,655 5,769
  American National Group Inc. 6.000% 7/15/2035 7,205 7,016
  Ameriprise Financial Inc. 4.500% 5/13/2032 2,689 2,667
  Ameriprise Financial Inc. 5.150% 5/15/2033 6,276 6,388
  Ameriprise Financial Inc. 5.200% 4/15/2035 6,685 6,668
  Aon Corp. 2.600% 12/2/2031 6,965 6,215
  Aon Corp. 5.000% 9/12/2032 6,135 6,192
  Aon Corp. 5.350% 2/28/2033 4,837 4,958
  Aon North America Inc. 5.450% 3/1/2034 15,693 16,036
  Apollo Debt Solutions BDC 6.700% 7/29/2031 8,595 8,708
  Apollo Debt Solutions BDC 6.550% 3/15/2032 4,395 4,411
  Apollo Global Management Inc. 6.375% 11/15/2033 5,483 5,811
  Apollo Global Management Inc. 5.150% 8/12/2035 8,854 8,582
  Apollo Global Management Inc. 5.700% 3/30/2036 5,002 5,005
  Apollo Global Management Inc. 6.000% 12/15/2054 4,740 4,432
  Ares Capital Corp. 5.250% 4/12/2031 7,833 7,572
  Ares Capital Corp. 3.200% 11/15/2031 8,010 6,941
  Ares Capital Corp. 5.800% 3/8/2032 7,519 7,415
3 Ares Strategic Income Fund 5.550% 4/15/2031 6,378 6,113

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Ares Strategic Income Fund 6.200% 3/21/2032 6,649 6,519
  Arthur J Gallagher & Co. 2.400% 11/9/2031 5,719 5,020
  Arthur J Gallagher & Co. 5.000% 2/15/2032 2,426 2,432
  Arthur J Gallagher & Co. 5.500% 3/2/2033 4,080 4,187
  Arthur J Gallagher & Co. 6.500% 2/15/2034 3,279 3,542
  Arthur J Gallagher & Co. 5.450% 7/15/2034 4,500 4,571
  Arthur J Gallagher & Co. 5.150% 2/15/2035 15,109 14,994
  Assured Guaranty US Holdings Inc. 3.150% 6/15/2031 3,628 3,360
  Athene Holding Ltd. 5.875% 1/15/2034 12,906 12,852
  Athene Holding Ltd. 6.625% 10/15/2054 5,455 5,033
  Athene Holding Ltd. 6.875% 6/28/2055 6,135 5,733
  Banco Bilbao Vizcaya Argentaria SA 7.883% 11/15/2034 8,720 9,838
  Banco Bilbao Vizcaya Argentaria SA 6.033% 3/13/2035 6,243 6,493
  Banco Bilbao Vizcaya Argentaria SA 5.127% 3/3/2036 4,200 4,083
  Banco Santander SA 2.749% 12/3/2030 7,815 7,019
  Banco Santander SA 2.958% 3/25/2031 7,287 6,671
  Banco Santander SA 5.439% 7/15/2031 16,658 17,136
  Banco Santander SA 3.225% 11/22/2032 9,475 8,501
  Banco Santander SA 6.921% 8/8/2033 16,651 17,966
  Banco Santander SA 6.938% 11/7/2033 12,556 14,080
  Banco Santander SA 6.350% 3/14/2034 10,925 11,466
  Banco Santander SA 6.033% 1/17/2035 12,755 13,345
  Banco Santander SA 5.127% 11/6/2035 6,810 6,642
2 Bank of America Corp. 2.651% 3/11/2032 4,535 4,112
  Bank of America Corp. 2.687% 4/22/2032 48,217 43,737
  Bank of America Corp. 2.299% 7/21/2032 4,680 4,129
  Bank of America Corp. 2.572% 10/20/2032 1,277 1,137
2 Bank of America Corp. 2.972% 2/4/2033 52,221 47,267
  Bank of America Corp. 4.571% 4/27/2033 33,096 32,487
2 Bank of America Corp. 5.015% 7/22/2033 34,551 34,768
  Bank of America Corp. 5.288% 4/25/2034 43,671 44,186
  Bank of America Corp. 5.872% 9/15/2034 41,015 42,931
  Bank of America Corp. 5.468% 1/23/2035 43,505 44,376
2 Bank of America Corp. 5.425% 8/15/2035 11,113 11,095
  Bank of America Corp. 5.518% 10/25/2035 38,870 38,885
  Bank of America Corp. 5.511% 1/24/2036 48,331 49,265
  Bank of America Corp. 5.744% 2/12/2036 24,278 24,700
  Bank of America Corp. 5.464% 5/9/2036 12,580 12,835
  Bank of America Corp. 2.482% 9/21/2036 23,737 20,506
  Bank of America Corp. 5.045% 2/6/2037 59,432 58,636
  Bank of America Corp. 3.846% 3/8/2037 14,518 13,438
  Bank of Montreal 5.511% 6/4/2031 10,467 10,851
  Bank of Montreal 3.088% 1/10/2037 9,869 8,763
2 Bank of New York Mellon Corp. 1.800% 7/28/2031 5,226 4,553
  Bank of New York Mellon Corp. 2.500% 1/26/2032 5,624 5,064
  Bank of New York Mellon Corp. 5.060% 7/22/2032 9,236 9,412
2 Bank of New York Mellon Corp. 4.289% 6/13/2033 10,791 10,497
2 Bank of New York Mellon Corp. 5.834% 10/25/2033 26,179 27,764
  Bank of New York Mellon Corp. 4.706% 2/1/2034 7,125 7,048
2 Bank of New York Mellon Corp. 4.967% 4/26/2034 6,910 6,917
2 Bank of New York Mellon Corp. 6.474% 10/25/2034 7,688 8,410
2 Bank of New York Mellon Corp. 5.188% 3/14/2035 11,365 11,520
  Bank of New York Mellon Corp. 5.225% 11/20/2035 6,480 6,569
  Bank of New York Mellon Corp. 5.316% 6/6/2036 9,320 9,440
  Bank of New York Mellon Corp. 5.606% 7/21/2039 2,010 2,049
  Bank of Nova Scotia 2.150% 8/1/2031 7,266 6,410
  Bank of Nova Scotia 2.450% 2/2/2032 7,204 6,369
  Bank of Nova Scotia 4.740% 11/10/2032 7,438 7,416
  Bank of Nova Scotia 5.650% 2/1/2034 8,461 8,810
  Bank of Nova Scotia 4.813% 2/2/2034 4,543 4,477
  Bank of Nova Scotia 4.588% 5/4/2037 13,483 12,903
  Barclays plc 2.894% 11/24/2032 14,413 12,870
  Barclays plc 5.746% 8/9/2033 6,901 7,084
  Barclays plc 7.437% 11/2/2033 19,703 22,014
  Barclays plc 6.224% 5/9/2034 16,935 17,767

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Barclays plc 7.119% 6/27/2034 14,950 16,296
  Barclays plc 6.692% 9/13/2034 16,010 17,286
  Barclays plc 5.335% 9/10/2035 20,444 20,227
  Barclays plc 5.785% 2/25/2036 24,294 24,600
  Barclays plc 5.207% 2/24/2037 3,724 3,603
  Berkshire Hathaway Finance Corp. 2.875% 3/15/2032 3,891 3,602
  BlackRock Funding Inc. 5.000% 3/14/2034 11,634 11,795
  BlackRock Funding Inc. 4.900% 1/8/2035 4,910 4,942
  Blackrock Inc. 2.100% 2/25/2032 8,426 7,366
  Blackrock Inc. 4.750% 5/25/2033 11,957 12,034
  Blackstone Private Credit Fund 6.000% 1/29/2032 14,420 13,985
  Blackstone Private Credit Fund 6.000% 11/22/2034 3,992 3,734
  Blackstone Reg Finance Co. LLC 5.000% 12/6/2034 10,420 10,219
  Blackstone Reg Finance Co. LLC 4.950% 2/15/2036 6,658 6,439
  Blue Owl Finance LLC 3.125% 6/10/2031 5,870 5,064
  Blue Owl Finance LLC 4.375% 2/15/2032 4,063 3,634
  Blue Owl Finance LLC 6.250% 4/18/2034 9,140 8,819
  BOKF NA 6.108% 11/6/2040 1,035 1,052
  Brookfield Asset Management Ltd. 5.795% 4/24/2035 6,915 7,040
  Brookfield Asset Management Ltd. 5.298% 1/15/2036 5,171 5,042
  Brookfield Capital Finance LLC 6.087% 6/14/2033 7,460 7,794
  Brookfield Finance I UK plc 2.340% 1/30/2032 6,742 5,825
  Brookfield Finance Inc. 2.724% 4/15/2031 6,144 5,581
  Brookfield Finance Inc. 6.350% 1/5/2034 6,084 6,455
  Brookfield Finance Inc. 5.675% 1/15/2035 3,740 3,775
  Brookfield Finance Inc. 5.330% 1/15/2036 6,000 5,874
  Brown & Brown Inc. 4.200% 3/17/2032 7,030 6,645
  Brown & Brown Inc. 5.650% 6/11/2034 8,112 8,184
  Brown & Brown Inc. 5.550% 6/23/2035 9,649 9,638
  Canadian Imperial Bank of Commerce 3.600% 4/7/2032 11,263 10,572
  Canadian Imperial Bank of Commerce 6.092% 10/3/2033 12,394 13,253
  Capital One Financial Corp. 2.359% 7/29/2032 11,052 9,533
  Capital One Financial Corp. 2.618% 11/2/2032 292 257
  Capital One Financial Corp. 6.700% 11/29/2032 5,826 6,332
  Capital One Financial Corp. 5.268% 5/10/2033 13,092 13,076
  Capital One Financial Corp. 5.817% 2/1/2034 11,597 11,862
  Capital One Financial Corp. 6.377% 6/8/2034 23,153 24,398
  Capital One Financial Corp. 7.964% 11/2/2034 8,840 10,131
  Capital One Financial Corp. 6.051% 2/1/2035 8,870 9,172
  Capital One Financial Corp. 5.884% 7/26/2035 7,142 7,318
  Capital One Financial Corp. 6.183% 1/30/2036 19,181 19,491
  Capital One Financial Corp. 5.197% 9/11/2036 15,169 14,706
  Capital One Financial Corp. 5.399% 1/30/2037 15,120 14,837
  Carlyle Group Inc. 5.050% 9/19/2035 5,684 5,497
  Charles Schwab Corp. 2.300% 5/13/2031 20,149 18,138
  Charles Schwab Corp. 1.950% 12/1/2031 100 87
  Charles Schwab Corp. 2.900% 3/3/2032 13,714 12,430
  Charles Schwab Corp. 5.853% 5/19/2034 10,823 11,371
  Charles Schwab Corp. 6.136% 8/24/2034 14,144 15,049
  Charles Schwab Corp. 4.914% 11/14/2036 7,278 7,074
  Chubb INA Holdings LLC 5.000% 3/15/2034 18,035 18,145
  Chubb INA Holdings LLC 4.900% 8/15/2035 12,845 12,657
2 Citibank NA 5.570% 4/30/2034 21,542 22,320
  Citigroup Inc. 2.561% 5/1/2032 8,164 7,306
  Citigroup Inc. 6.625% 6/15/2032 5,633 6,122
  Citigroup Inc. 3.057% 1/25/2033 23,950 21,624
  Citigroup Inc. 3.785% 3/17/2033 27,767 26,038
  Citigroup Inc. 4.910% 5/24/2033 14,569 14,504
  Citigroup Inc. 6.000% 10/31/2033 4,164 4,362
  Citigroup Inc. 6.270% 11/17/2033 21,359 22,825
  Citigroup Inc. 6.174% 5/25/2034 39,506 40,917
  Citigroup Inc. 5.827% 2/13/2035 24,016 24,320
  Citigroup Inc. 5.449% 6/11/2035 14,456 14,655
  Citigroup Inc. 6.020% 1/24/2036 22,215 22,702
2 Citigroup Inc. 5.333% 3/27/2036 28,079 28,152

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Citigroup Inc. 5.174% 9/11/2036 27,641 27,374
  Citigroup Inc. 5.411% 9/19/2039 12,050 11,798
  Citizens Financial Group Inc. 5.718% 7/23/2032 15,575 16,015
  Citizens Financial Group Inc. 6.645% 4/25/2035 10,359 11,109
  Citizens Financial Group Inc. 5.641% 5/21/2037 4,570 4,561
  CME Group Inc. 2.650% 3/15/2032 7,271 6,589
  CNA Financial Corp. 5.500% 6/15/2033 3,528 3,579
  CNA Financial Corp. 5.125% 2/15/2034 8,558 8,442
  CNA Financial Corp. 5.200% 8/15/2035 4,720 4,620
  CNO Financial Group Inc. 6.450% 6/15/2034 7,163 7,382
  Corebridge Financial Inc. 3.900% 4/5/2032 18,955 17,779
  Corebridge Financial Inc. 6.050% 9/15/2033 1,580 1,653
  Corebridge Financial Inc. 5.750% 1/15/2034 12,834 13,163
  Corebridge Financial Inc. 6.375% 9/15/2054 7,508 7,364
  Deutsche Bank AG 3.035% 5/28/2032 2,705 2,447
  Deutsche Bank AG 3.742% 1/7/2033 15,036 13,683
  Deutsche Bank AG 7.079% 2/10/2034 12,438 13,299
  Deutsche Bank AG 5.403% 9/11/2035 12,535 12,446
  Enstar Group Ltd. 4.950% 6/1/2029 1
  Enstar Group Ltd. 3.100% 9/1/2031 5,755 5,083
  Equitable Holdings Inc. 5.594% 1/11/2033 5,198 5,305
  Equitable Holdings Inc. 6.700% 3/28/2055 4,915 4,950
  F&G Annuities & Life Inc. 6.250% 10/4/2034 4,855 4,600
  Fairfax Financial Holdings Ltd. 5.625% 8/16/2032 5,608 5,757
  Fairfax Financial Holdings Ltd. 6.000% 12/7/2033 6,699 7,000
  Fairfax Financial Holdings Ltd. 5.750% 5/20/2035 2,930 3,000
  Fifth Third Bancorp 4.566% 4/29/2032 8,890 8,724
  Fifth Third Bancorp 4.337% 4/25/2033 7,391 7,119
  Fifth Third Bancorp 5.141% 1/29/2037 7,216 7,034
  Fifth Third Bank NA 5.332% 8/25/2033 4,780 4,787
  First American Financial Corp. 2.400% 8/15/2031 5,607 4,830
  First American Financial Corp. 5.450% 9/30/2034 5,702 5,594
  First Citizens BancShares Inc. 6.254% 3/12/2040 6,314 6,164
  GATX Corp. 3.500% 6/1/2032 173 159
  GATX Corp. 4.900% 3/15/2033 8,495 8,348
  GATX Corp. 5.450% 9/15/2033 6,490 6,588
  GATX Corp. 6.050% 3/15/2034 2,280 2,396
  GATX Corp. 6.900% 5/1/2034 1,872 2,053
  GATX Corp. 5.500% 6/15/2035 7,868 7,931
  GE Capital International Funding Co. Unlimited Co. 4.418% 11/15/2035 15,395 14,766
  Global Payments Inc. 2.900% 11/15/2031 8,260 7,240
  Global Payments Inc. 5.400% 8/15/2032 8,737 8,662
  Global Payments Inc. 5.200% 11/15/2032 9,002 8,736
  Global Payments Inc. 5.400% 3/15/2033 2,914 2,846
  Global Payments Inc. 5.550% 11/15/2035 16,310 15,683
  Globe Life Inc. 5.850% 9/15/2034 4,000 4,124
  Goldman Sachs Group Inc. 2.615% 4/22/2032 38,496 34,585
  Goldman Sachs Group Inc. 2.383% 7/21/2032 43,882 38,717
  Goldman Sachs Group Inc. 2.650% 10/21/2032 41,851 37,142
  Goldman Sachs Group Inc. 6.125% 2/15/2033 10,199 10,938
  Goldman Sachs Group Inc. 3.102% 2/24/2033 33,997 30,678
  Goldman Sachs Group Inc. 6.561% 10/24/2034 4,485 4,871
  Goldman Sachs Group Inc. 5.851% 4/25/2035 14,006 14,530
  Goldman Sachs Group Inc. 5.330% 7/23/2035 34,286 34,399
  Goldman Sachs Group Inc. 5.016% 10/23/2035 28,341 27,822
  Goldman Sachs Group Inc. 5.536% 1/28/2036 41,563 42,254
  Goldman Sachs Group Inc. 4.939% 10/21/2036 34,967 33,856
  Goldman Sachs Group Inc. 5.065% 1/21/2037 40,502 39,657
  Goldman Sachs Group Inc. 5.387% 2/2/2041 9,152 8,856
3 Golub Capital Private Credit Fund 5.600% 4/15/2031 1,333 1,272
  HA Sustainable Infrastructure Capital Inc. 6.375% 7/1/2034 9,867 9,926
  HA Sustainable Infrastructure Capital Inc. 6.750% 7/15/2035 4,864 4,991
  HA Sustainable Infrastructure Capital Inc. 6.000% 3/15/2036 1,513 1,466
  Hanover Insurance Group Inc. 5.500% 9/1/2035 4,169 4,136
3 HPS Corporate Lending Fund 5.650% 4/2/2031 5,000 4,797

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  HPS Corporate Lending Fund 5.950% 4/14/2032 6,119 5,914
  HSBC Holdings plc 2.804% 5/24/2032 22,405 20,138
  HSBC Holdings plc 2.871% 11/22/2032 30,364 27,139
  HSBC Holdings plc 4.762% 3/29/2033 16,889 16,443
  HSBC Holdings plc 5.402% 8/11/2033 28,887 29,298
  HSBC Holdings plc 8.113% 11/3/2033 17,345 19,825
  HSBC Holdings plc 6.254% 3/9/2034 17,471 18,501
  HSBC Holdings plc 6.547% 6/20/2034 18,991 19,953
  HSBC Holdings plc 7.399% 11/13/2034 18,536 20,491
  HSBC Holdings plc 5.719% 3/4/2035 14,219 14,566
  HSBC Holdings plc 5.874% 11/18/2035 17,073 17,291
  HSBC Holdings plc 5.450% 3/3/2036 26,416 26,508
  HSBC Holdings plc 5.790% 5/13/2036 17,528 18,006
  HSBC Holdings plc 5.741% 9/10/2036 14,639 14,650
  HSBC Holdings plc 5.133% 11/6/2036 14,444 14,137
  HSBC Holdings plc 5.279% 3/10/2037 8,219 8,069
  Huntington Bancshares Inc. 5.023% 5/17/2033 4,987 4,951
  Huntington Bancshares Inc. 5.709% 2/2/2035 6,945 7,088
  Huntington Bancshares Inc. 2.487% 8/15/2036 10,479 8,986
  Huntington Bancshares Inc. 6.141% 11/18/2039 7,308 7,437
  Huntington Bancshares Inc. 5.605% 1/28/2041 3,300 3,222
  ING Groep NV 2.727% 4/1/2032 2,707 2,450
  ING Groep NV 4.252% 3/28/2033 11,046 10,626
  ING Groep NV 6.114% 9/11/2034 9,684 10,214
  ING Groep NV 5.550% 3/19/2035 11,690 11,864
  ING Groep NV 5.525% 3/25/2036 8,120 8,213
  ING Groep NV 5.420% 3/23/2037 8,028 8,000
  Intercontinental Exchange Inc. 3.100% 9/15/2027 1
  Intercontinental Exchange Inc. 1.850% 9/15/2032 18,843 15,876
  Intercontinental Exchange Inc. 4.600% 3/15/2033 20,573 20,371
  Jackson Financial Inc. 3.125% 11/23/2031 5,787 5,150
  Janus Henderson US Holdings Inc. 5.450% 9/10/2034 4,185 4,172
  Jefferies Financial Group Inc. 2.625% 10/15/2031 11,601 10,096
  Jefferies Financial Group Inc. 2.750% 10/15/2032 1,730 1,464
  Jefferies Financial Group Inc. 6.200% 4/14/2034 13,095 13,344
  Jefferies Financial Group Inc. 6.250% 1/15/2036 4,925 4,995
  Jefferies Financial Group Inc. 5.500% 2/15/2036 4,890 4,690
  JPMorgan Chase & Co. 2.580% 4/22/2032 20,776 18,787
  JPMorgan Chase & Co. 2.545% 11/8/2032 32,692 29,077
  JPMorgan Chase & Co. 2.963% 1/25/2033 33,758 30,609
  JPMorgan Chase & Co. 4.586% 4/26/2033 20,216 19,930
  JPMorgan Chase & Co. 4.912% 7/25/2033 40,622 40,682
  JPMorgan Chase & Co. 5.717% 9/14/2033 32,201 33,365
  JPMorgan Chase & Co. 5.350% 6/1/2034 38,117 38,856
  JPMorgan Chase & Co. 6.254% 10/23/2034 26,652 28,625
  JPMorgan Chase & Co. 5.336% 1/23/2035 31,659 32,137
  JPMorgan Chase & Co. 5.766% 4/22/2035 24,221 25,217
  JPMorgan Chase & Co. 5.294% 7/22/2035 25,197 25,471
  JPMorgan Chase & Co. 4.946% 10/22/2035 34,857 34,419
  JPMorgan Chase & Co. 5.502% 1/24/2036 36,878 37,739
  JPMorgan Chase & Co. 5.572% 4/22/2036 36,763 37,818
  JPMorgan Chase & Co. 5.576% 7/23/2036 36,828 37,320
  JPMorgan Chase & Co. 4.810% 10/22/2036 42,084 40,850
  JPMorgan Chase & Co. 4.898% 1/22/2037 25,011 24,468
  JPMorgan Chase & Co. 5.193% 2/5/2037 25,264 24,805
  Kemper Corp. 3.800% 2/23/2032 4,021 3,641
2 Keybank National Association 4.900% 8/8/2032 8,202 8,052
  Keybank National Association 5.000% 1/26/2033 11,877 11,721
2 KeyCorp 4.789% 6/1/2033 11,275 11,026
  KeyCorp 6.401% 3/6/2035 5,832 6,185
  KeyCorp 5.305% 1/28/2037 6,800 6,662
  KKR & Co. Inc. 5.100% 8/7/2035 7,465 7,214
  Lazard Group LLC 5.625% 8/1/2035 3,106 3,098
  Lloyds Banking Group plc 4.976% 8/11/2033 11,410 11,361
  Lloyds Banking Group plc 7.953% 11/15/2033 8,598 9,805

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Lloyds Banking Group plc 5.679% 1/5/2035 19,506 20,044
  Lloyds Banking Group plc 5.590% 11/26/2035 8,144 8,280
  Lloyds Banking Group plc 6.068% 6/13/2036 12,790 13,003
  Lloyds Banking Group plc 4.943% 11/4/2036 11,798 11,382
  Loews Corp. 4.940% 4/1/2036 2,175 2,125
  LPL Holdings Inc. 6.000% 5/20/2034 4,423 4,518
  LPL Holdings Inc. 5.650% 3/15/2035 4,385 4,348
  LPL Holdings Inc. 5.750% 6/15/2035 4,843 4,821
  M&T Bank Corp. 5.053% 1/27/2034 11,452 11,297
2 M&T Bank Corp. 5.385% 1/16/2036 9,050 8,974
  Manulife Financial Corp. 3.703% 3/16/2032 6,594 6,247
  Manulife Financial Corp. 4.986% 12/11/2035 9,157 8,958
  Marsh & McLennan Cos. Inc. 4.850% 11/15/2031 15,701 15,829
  Marsh & McLennan Cos. Inc. 2.375% 12/15/2031 5,924 5,265
  Marsh & McLennan Cos. Inc. 5.750% 11/1/2032 5,637 5,939
  Marsh & McLennan Cos. Inc. 5.400% 9/15/2033 6,284 6,488
  Marsh & McLennan Cos. Inc. 5.150% 3/15/2034 4,747 4,800
  Marsh & McLennan Cos. Inc. 5.000% 3/15/2035 16,104 16,041
  Marsh & McLennan Cos. Inc. 4.950% 3/15/2036 5,750 5,694
  Mastercard Inc. 2.000% 11/18/2031 10,122 8,944
  Mastercard Inc. 4.350% 1/15/2032 12,671 12,568
  Mastercard Inc. 4.950% 3/15/2032 7,439 7,625
  Mastercard Inc. 4.850% 3/9/2033 4,865 4,927
  Mastercard Inc. 4.875% 5/9/2034 7,808 7,861
  Mastercard Inc. 4.550% 1/15/2035 14,989 14,716
  MetLife Inc. 6.500% 12/15/2032 7,796 8,534
  MetLife Inc. 5.375% 7/15/2033 9,899 10,232
  MetLife Inc. 5.300% 12/15/2034 13,080 13,384
  MetLife Inc. 5.700% 6/15/2035 9,770 10,232
2 MetLife Inc. 6.350% 3/15/2055 9,019 9,133
2 MetLife Inc. 5.850% 3/15/2056 9,188 9,018
  Mitsubishi UFJ Financial Group Inc. 2.309% 7/20/2032 39,479 34,752
  Mitsubishi UFJ Financial Group Inc. 2.494% 10/13/2032 1,123 992
  Mitsubishi UFJ Financial Group Inc. 2.852% 1/19/2033 10,715 9,581
  Mitsubishi UFJ Financial Group Inc. 5.133% 7/20/2033 19,543 19,673
  Mitsubishi UFJ Financial Group Inc. 5.441% 2/22/2034 11,477 11,740
  Mitsubishi UFJ Financial Group Inc. 5.406% 4/19/2034 9,525 9,735
  Mitsubishi UFJ Financial Group Inc. 5.426% 4/17/2035 17,610 17,879
  Mitsubishi UFJ Financial Group Inc. 5.574% 1/16/2036 6,188 6,322
  Mitsubishi UFJ Financial Group Inc. 5.615% 4/24/2036 12,620 12,922
  Mitsubishi UFJ Financial Group Inc. 5.188% 9/12/2036 9,451 9,386
  Mitsubishi UFJ Financial Group Inc. 5.057% 1/14/2037 14,176 13,912
  Mizuho Financial Group Inc. 2.564% 9/13/2031 7,408 6,531
  Mizuho Financial Group Inc. 4.438% 5/12/2032 5,895 5,778
  Mizuho Financial Group Inc. 2.260% 7/9/2032 2,256 1,979
  Mizuho Financial Group Inc. 5.669% 9/13/2033 7,106 7,376
  Mizuho Financial Group Inc. 5.754% 5/27/2034 9,270 9,614
  Mizuho Financial Group Inc. 5.748% 7/6/2034 13,640 14,158
  Mizuho Financial Group Inc. 5.579% 5/26/2035 4,653 4,779
  Mizuho Financial Group Inc. 5.323% 7/8/2036 22,974 23,048
  Mizuho Financial Group Inc. 5.050% 5/12/2037 6,663 6,540
2 Morgan Stanley 1.928% 4/28/2032 21,832 18,922
2 Morgan Stanley 2.239% 7/21/2032 29,148 25,523
2 Morgan Stanley 2.511% 10/20/2032 7,374 6,512
  Morgan Stanley 2.943% 1/21/2033 12,416 11,159
  Morgan Stanley 4.889% 7/20/2033 20,532 20,418
  Morgan Stanley 6.342% 10/18/2033 73,295 78,434
2 Morgan Stanley 5.250% 4/21/2034 31,202 31,305
2 Morgan Stanley 5.424% 7/21/2034 37,240 37,757
  Morgan Stanley 6.627% 11/1/2034 16,107 17,523
  Morgan Stanley 5.466% 1/18/2035 22,066 22,406
  Morgan Stanley 5.831% 4/19/2035 17,392 18,052
  Morgan Stanley 5.320% 7/19/2035 25,089 25,148
  Morgan Stanley 5.587% 1/18/2036 64,887 66,185
  Morgan Stanley 5.664% 4/17/2036 21,260 21,763

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Morgan Stanley 2.484% 9/16/2036 29,778 25,617
2 Morgan Stanley 4.892% 10/22/2036 8,659 8,368
  Morgan Stanley 5.073% 1/30/2037 23,032 22,558
  Morgan Stanley 5.297% 4/20/2037 23,280 23,202
  Morgan Stanley 5.948% 1/19/2038 22,025 22,574
  Morgan Stanley 5.942% 2/7/2039 13,090 13,381
  Morgan Stanley 5.314% 1/18/2041 7,165 6,913
  Nasdaq Inc. 5.550% 2/15/2034 11,648 11,984
  NatWest Group plc 6.016% 3/2/2034 16,284 17,138
  NatWest Group plc 5.778% 3/1/2035 8,002 8,266
  Nomura Holdings Inc. 2.608% 7/14/2031 9,188 8,190
  Nomura Holdings Inc. 2.999% 1/22/2032 5,056 4,545
  Nomura Holdings Inc. 6.181% 1/18/2033 4,330 4,568
  Nomura Holdings Inc. 5.783% 7/3/2034 20,224 20,753
  Nomura Holdings Inc. 5.491% 6/29/2035 6,970 7,012
  Nomura Holdings Inc. 5.043% 6/10/2036 8,143 7,898
  Northern Trust Corp. 6.125% 11/2/2032 8,469 9,050
  Northern Trust Corp. 5.117% 11/19/2040 3,412 3,325
  Old Republic International Corp. 5.750% 3/28/2034 2,705 2,763
  ORIX Corp. 4.000% 4/13/2032 4,989 4,776
  ORIX Corp. 5.200% 9/13/2032 4,335 4,408
  ORIX Corp. 5.400% 2/25/2035 4,281 4,306
  PayPal Holdings Inc. 4.400% 6/1/2032 10,135 9,955
  PayPal Holdings Inc. 5.150% 6/1/2034 9,209 9,181
  PayPal Holdings Inc. 5.100% 4/1/2035 10,113 10,040
  PNC Financial Services Group Inc. 4.812% 10/21/2032 8,941 8,912
  PNC Financial Services Group Inc. 4.626% 6/6/2033 4,838 4,699
  PNC Financial Services Group Inc. 6.037% 10/28/2033 22,170 23,439
  PNC Financial Services Group Inc. 5.068% 1/24/2034 16,511 16,533
  PNC Financial Services Group Inc. 5.939% 8/18/2034 9,157 9,591
  PNC Financial Services Group Inc. 6.875% 10/20/2034 17,810 19,653
  PNC Financial Services Group Inc. 5.676% 1/22/2035 11,543 11,882
  PNC Financial Services Group Inc. 5.401% 7/23/2035 18,342 18,546
  PNC Financial Services Group Inc. 5.575% 1/29/2036 26,027 26,589
  PNC Financial Services Group Inc. 5.373% 7/21/2036 5,653 5,697
  PNC Financial Services Group Inc. 5.423% 1/25/2041 13,891 13,632
  Primerica Inc. 2.800% 11/19/2031 6,608 5,913
  Principal Financial Group Inc. 5.375% 3/15/2033 3,915 4,000
  Progressive Corp. 3.000% 3/15/2032 2,220 2,027
  Progressive Corp. 6.250% 12/1/2032 700 762
  Progressive Corp. 4.950% 6/15/2033 5,683 5,763
2 Prudential Financial Inc. 5.750% 7/15/2033 6,549 6,933
  Prudential Financial Inc. 5.200% 3/14/2035 5,113 5,152
  Prudential Financial Inc. 5.125% 3/1/2052 6,816 6,486
  Prudential Financial Inc. 6.000% 9/1/2052 9,328 9,345
  Prudential Financial Inc. 6.750% 3/1/2053 3,382 3,502
  Prudential Financial Inc. 6.500% 3/15/2054 9,561 9,751
  Prudential Funding Asia plc 3.625% 3/24/2032 3,571 3,374
  Raymond James Financial Inc. 4.900% 9/11/2035 10,200 9,940
  Regions Financial Corp. 5.502% 9/6/2035 8,873 8,884
  Reinsurance Group of America Inc. 6.000% 9/15/2033 4,599 4,777
  Reinsurance Group of America Inc. 5.750% 9/15/2034 3,887 3,950
  Reinsurance Group of America Inc. 6.650% 9/15/2055 6,345 6,315
  RenaissanceRe Holdings Ltd. 5.750% 6/5/2033 8,960 9,203
  RenaissanceRe Holdings Ltd. 5.800% 4/1/2035 6,955 7,094
2 Royal Bank of Canada 2.300% 11/3/2031 15,206 13,569
  Royal Bank of Canada 3.875% 5/4/2032 4,188 4,021
2 Royal Bank of Canada 5.000% 2/1/2033 25,852 26,081
2 Royal Bank of Canada 5.000% 5/2/2033 1,484 1,496
2 Royal Bank of Canada 5.150% 2/1/2034 13,971 14,282
  Santander Holdings USA Inc. 6.342% 5/31/2035 4,774 4,993
  Santander UK Group Holdings plc 5.136% 9/22/2036 5,778 5,576
  Selective Insurance Group Inc. 5.900% 4/15/2035 4,096 4,222
  State Street Corp. 4.675% 10/22/2032 875 875
  State Street Corp. 2.623% 2/7/2033 2,115 1,883

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  State Street Corp. 4.421% 5/13/2033 811 795
  State Street Corp. 4.164% 8/4/2033 6,962 6,713
  State Street Corp. 4.821% 1/26/2034 7,998 7,960
  State Street Corp. 5.159% 5/18/2034 7,276 7,372
  State Street Corp. 6.123% 11/21/2034 7,759 8,201
  State Street Corp. 5.146% 2/28/2036 11,723 11,751
  State Street Corp. 4.784% 10/23/2036 9,422 9,151
  Stewart Information Services Corp. 3.600% 11/15/2031 4,590 4,061
  Sumitomo Mitsui Financial Group Inc. 5.424% 7/9/2031 3,740 3,832
  Sumitomo Mitsui Financial Group Inc. 2.222% 9/17/2031 15,663 13,702
  Sumitomo Mitsui Financial Group Inc. 5.454% 1/15/2032 7,696 7,923
  Sumitomo Mitsui Financial Group Inc. 5.766% 1/13/2033 15,729 16,375
  Sumitomo Mitsui Financial Group Inc. 4.954% 7/8/2033 5,899 5,874
  Sumitomo Mitsui Financial Group Inc. 5.776% 7/13/2033 9,668 10,073
  Sumitomo Mitsui Financial Group Inc. 5.808% 9/14/2033 4,989 5,212
  Sumitomo Mitsui Financial Group Inc. 5.558% 7/9/2034 16,122 16,521
  Sumitomo Mitsui Financial Group Inc. 5.632% 1/15/2035 8,549 8,815
  Sumitomo Mitsui Financial Group Inc. 5.246% 7/8/2036 6,825 6,835
  Sumitomo Mitsui Financial Group Inc. 5.046% 1/15/2037 9,288 9,125
  Sumitomo Mitsui Financial Group Inc. 5.334% 3/3/2041 1,270 1,228
  Synchrony Financial 2.875% 10/28/2031 9,757 8,515
  Synchrony Financial 4.947% 2/25/2032 1,750 1,699
3 Takeoff Merger Sub Inc. 5.500% 3/24/2036 2,040 2,008
2 Toronto-Dominion Bank 2.000% 9/10/2031 15,297 13,487
2 Toronto-Dominion Bank 2.450% 1/12/2032 6,545 5,784
  Toronto-Dominion Bank 5.298% 1/30/2032 5,385 5,537
2 Toronto-Dominion Bank 3.200% 3/10/2032 16,387 15,079
  Toronto-Dominion Bank 4.456% 6/8/2032 15,041 14,812
  Toronto-Dominion Bank 4.928% 10/15/2035 5,730 5,627
  TPG Operating Group II LP 4.875% 5/15/2031 2,000 1,961
  TPG Operating Group II LP 5.875% 3/5/2034 2,865 2,906
  TPG Operating Group II LP 5.375% 1/15/2036 2,135 2,061
  Travelers Cos. Inc. 5.050% 7/24/2035 1,959 1,962
  Travelers Property Casualty Corp. 6.375% 3/15/2033 3,383 3,759
2 Truist Financial Corp. 5.153% 8/5/2032 165 167
2 Truist Financial Corp. 4.916% 7/28/2033 11,856 11,619
2 Truist Financial Corp. 6.123% 10/28/2033 8,160 8,635
2 Truist Financial Corp. 5.122% 1/26/2034 10,869 10,830
2 Truist Financial Corp. 5.867% 6/8/2034 15,786 16,430
2 Truist Financial Corp. 5.711% 1/24/2035 16,349 16,852
2 Truist Financial Corp. 4.964% 10/23/2036 14,740 14,278
  UBS Americas Inc. 7.125% 7/15/2032 10,735 11,991
  Unum Group 5.250% 12/15/2035 2,464 2,407
2 US Bancorp 2.677% 1/27/2033 6,408 5,703
2 US Bancorp 4.967% 7/22/2033 8,233 8,151
  US Bancorp 5.850% 10/21/2033 17,651 18,536
  US Bancorp 4.839% 2/1/2034 24,925 24,639
  US Bancorp 5.836% 6/12/2034 8,685 9,066
  US Bancorp 5.678% 1/23/2035 21,659 22,364
  US Bancorp 5.424% 2/12/2036 8,210 8,387
  US Bancorp 2.491% 11/3/2036 18,207 15,719
  US Bancorp 5.033% 1/26/2037 4,650 4,591
  Visa Inc. 4.400% 2/12/2033 7,425 7,347
  Visa Inc. 4.700% 2/12/2036 15,165 15,007
  Voya Financial Inc. 5.000% 9/20/2034 5,162 5,027
2 Wells Fargo & Co. 3.350% 3/2/2033 36,107 33,127
2 Wells Fargo & Co. 4.897% 7/25/2033 19,725 19,615
  Wells Fargo & Co. 5.389% 4/24/2034 39,049 39,609
2 Wells Fargo & Co. 5.557% 7/25/2034 38,589 39,517
  Wells Fargo & Co. 6.491% 10/23/2034 21,204 22,930
  Wells Fargo & Co. 5.499% 1/23/2035 8,054 8,195
  Wells Fargo & Co. 5.375% 2/7/2035 383 393
  Wells Fargo & Co. 5.211% 12/3/2035 44,502 44,299
  Wells Fargo & Co. 5.605% 4/23/2036 43,841 44,862
  Wells Fargo & Co. 4.892% 9/15/2036 15,660 15,233

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Wells Fargo & Co. 4.960% 1/23/2037 41,562 40,490
  Westpac Banking Corp. 2.150% 6/3/2031 13,694 12,279
  Westpac Banking Corp. 5.405% 8/10/2033 3,490 3,538
  Westpac Banking Corp. 6.820% 11/17/2033 6,912 7,552
2 Westpac Banking Corp. 5.618% 11/20/2035 14,282 14,448
  Westpac Banking Corp. 3.020% 11/18/2036 14,410 12,880
  Willis North America Inc. 5.350% 5/15/2033 7,007 7,082
  Willis North America Inc. 5.150% 3/15/2036 3,000 2,926
  Zions Bancorp NA 6.816% 11/19/2035 3,608 3,707
            6,382,212
Health Care (3.4%)
  Abbott Laboratories 4.300% 3/15/2033 25,700 25,150
  Abbott Laboratories 4.650% 3/15/2036 33,962 33,181
  AbbVie Inc. 4.950% 3/15/2031 2,405 2,456
  AbbVie Inc. 4.400% 3/15/2033 5,905 5,789
  AbbVie Inc. 5.050% 3/15/2034 22,897 23,242
  AbbVie Inc. 4.550% 3/15/2035 22,289 21,639
  AbbVie Inc. 5.200% 3/15/2035 2,529 2,573
  AbbVie Inc. 4.500% 5/14/2035 31,494 30,473
  AbbVie Inc. 4.750% 3/15/2036 14,864 14,557
  Adventist Health System 5.430% 3/1/2032 3,675 3,741
  Adventist Health System 5.757% 12/1/2034 4,370 4,496
  Agilent Technologies Inc. 4.750% 9/9/2034 6,415 6,315
  Amgen Inc. 2.000% 1/15/2032 13,704 11,856
  Amgen Inc. 3.350% 2/22/2032 12,384 11,508
  Amgen Inc. 4.200% 3/1/2033 5,806 5,607
  Amgen Inc. 5.250% 3/2/2033 36,195 37,136
  Amgen Inc. 4.850% 2/19/2036 16,289 15,997
2 Ascension Health 4.923% 11/15/2035 7,763 7,671
  AstraZeneca Finance LLC 4.300% 3/2/2033 3,800 3,724
  AstraZeneca Finance LLC 4.875% 3/3/2033 5,189 5,279
  AstraZeneca Finance LLC 5.000% 2/26/2034 12,727 12,917
  AstraZeneca Finance LLC 4.600% 3/2/2036 5,800 5,683
  Baxter International Inc. 1.730% 4/1/2031 10,620 8,885
  Baxter International Inc. 2.539% 2/1/2032 17,069 14,377
  Baxter International Inc. 5.650% 12/15/2035 6,500 6,351
  Becton Dickinson & Co. 4.298% 8/22/2032 8,114 7,876
  Becton Dickinson & Co. 5.110% 2/8/2034 6,099 6,130
  Biogen Inc. 5.750% 5/15/2035 6,709 6,938
  Bio-Rad Laboratories Inc. 3.700% 3/15/2032 6,833 6,346
2 Bon Secours Mercy Health Inc. 4.302% 7/1/2028 2,590 2,586
  Bristol-Myers Squibb Co. 2.950% 3/15/2032 13,244 12,130
  Bristol-Myers Squibb Co. 5.200% 2/22/2034 26,231 26,873
  Cardinal Health Inc. 5.450% 2/15/2034 2,340 2,391
  Cardinal Health Inc. 5.350% 11/15/2034 9,603 9,691
  Cardinal Health Inc. 5.150% 9/15/2035 3,870 3,837
2 Cedars-Sinai Health System 2.288% 8/15/2031 2,720 2,431
  Cencora Inc. 4.600% 2/13/2033 1,778 1,747
  Cencora Inc. 5.125% 2/15/2034 3,090 3,114
  Cencora Inc. 5.150% 2/15/2035 6,880 6,926
  Cencora Inc. 4.900% 2/13/2036 7,346 7,193
  Centene Corp. 2.625% 8/1/2031 10,141 8,485
  Cigna Group 2.375% 3/15/2031 11,179 10,048
  Cigna Group 5.125% 5/15/2031 3,292 3,361
  Cigna Group 4.875% 9/15/2032 14,274 14,259
  Cigna Group 5.400% 3/15/2033 9,631 9,902
  Cigna Group 5.250% 2/15/2034 6,843 6,928
  Cigna Group 5.250% 1/15/2036 15,810 15,833
  CommonSpirit Health 5.205% 12/1/2031 10,876 11,082
  CommonSpirit Health 5.318% 12/1/2034 8,034 8,055
  CommonSpirit Health 4.825% 9/1/2035 2,265 2,204
2 CommonSpirit Health 4.975% 9/1/2035 5,795 5,658
  CVS Health Corp. 1.875% 2/28/2031 19,208 16,779
  CVS Health Corp. 2.125% 9/15/2031 9,530 8,264

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  CVS Health Corp. 5.000% 9/15/2032 5,192 5,193
  CVS Health Corp. 5.250% 2/21/2033 13,451 13,599
  CVS Health Corp. 5.300% 6/1/2033 13,929 14,045
  CVS Health Corp. 5.700% 6/1/2034 14,315 14,704
  CVS Health Corp. 5.450% 9/15/2035 18,301 18,363
  Elevance Health Inc. 4.950% 11/1/2031 11,674 11,743
  Elevance Health Inc. 4.600% 9/15/2032 7,651 7,530
  Elevance Health Inc. 5.500% 10/15/2032 7,505 7,735
  Elevance Health Inc. 4.750% 2/15/2033 8,923 8,784
  Elevance Health Inc. 5.375% 6/15/2034 10,330 10,468
  Elevance Health Inc. 5.950% 12/15/2034 2,016 2,108
  Elevance Health Inc. 5.200% 2/15/2035 15,260 15,240
  Elevance Health Inc. 5.000% 1/15/2036 15,000 14,694
  Eli Lilly & Co. 4.900% 2/12/2032 10,785 11,020
  Eli Lilly & Co. 4.550% 10/15/2032 10,141 10,144
  Eli Lilly & Co. 4.700% 2/27/2033 5,634 5,678
  Eli Lilly & Co. 4.700% 2/9/2034 15,150 15,120
  Eli Lilly & Co. 4.600% 8/14/2034 8,548 8,462
  Eli Lilly & Co. 5.100% 2/12/2035 10,170 10,379
  Eli Lilly & Co. 4.900% 10/15/2035 15,997 16,000
  GE HealthCare Technologies Inc. 5.905% 11/22/2032 15,890 16,765
  GE HealthCare Technologies Inc. 5.500% 6/15/2035 8,370 8,535
  GE HealthCare Technologies Inc. 4.950% 12/15/2035 6,686 6,563
  Gilead Sciences Inc. 5.250% 10/15/2033 11,588 11,984
  Gilead Sciences Inc. 5.100% 6/15/2035 11,088 11,212
  Gilead Sciences Inc. 4.600% 9/1/2035 9,824 9,590
  GlaxoSmithKline Capital Inc. 5.375% 4/15/2034 3,054 3,178
  GlaxoSmithKline Capital Inc. 4.875% 4/15/2035 8,866 8,828
  HCA Inc. 5.450% 4/1/2031 14,867 15,244
  HCA Inc. 2.375% 7/15/2031 9,640 8,517
  HCA Inc. 5.500% 3/1/2032 8,039 8,235
  HCA Inc. 3.625% 3/15/2032 19,995 18,570
  HCA Inc. 4.600% 11/15/2032 6,430 6,257
  HCA Inc. 5.500% 6/1/2033 8,639 8,808
  HCA Inc. 5.600% 4/1/2034 12,333 12,593
  HCA Inc. 5.450% 9/15/2034 15,821 15,968
  HCA Inc. 5.750% 3/1/2035 17,872 18,375
  HCA Inc. 4.900% 11/15/2035 9,694 9,377
  Humana Inc. 5.375% 4/15/2031 15,400 15,560
  Humana Inc. 2.150% 2/3/2032 6,675 5,709
  Humana Inc. 5.875% 3/1/2033 7,407 7,556
  Humana Inc. 5.950% 3/15/2034 8,710 8,874
  Humana Inc. 5.550% 5/1/2035 7,687 7,598
  Icon Investments Six DAC 6.000% 5/8/2034 4,435 4,484
  Johnson & Johnson 4.900% 6/1/2031 13,393 13,838
  Johnson & Johnson 4.850% 3/1/2032 13,911 14,310
  Johnson & Johnson 4.375% 12/5/2033 4,143 4,148
  Johnson & Johnson 4.950% 6/1/2034 356 368
  Johnson & Johnson 5.000% 3/1/2035 11,348 11,684
  Laboratory Corp. of America Holdings 2.700% 6/1/2031 2,444 2,223
  Laboratory Corp. of America Holdings 4.550% 4/1/2032 5,147 5,079
  Laboratory Corp. of America Holdings 4.800% 10/1/2034 9,631 9,381
  McKesson Corp. 4.950% 5/30/2032 8,394 8,519
  McKesson Corp. 5.100% 7/15/2033 3,238 3,300
  McKesson Corp. 5.250% 5/30/2035 7,001 7,131
  Medtronic Global Holdings SCA 4.500% 3/30/2033 11,754 11,609
  Medtronic Inc. 4.375% 3/15/2035 14,532 14,042
  Merck & Co. Inc. 4.150% 3/15/2031 7,817 7,729
  Merck & Co. Inc. 2.150% 12/10/2031 29,409 26,018
  Merck & Co. Inc. 4.550% 9/15/2032 8,950 8,980
  Merck & Co. Inc. 4.450% 12/4/2032 9,830 9,761
  Merck & Co. Inc. 4.500% 5/17/2033 3,919 3,905
  Merck & Co. Inc. 4.950% 9/15/2035 19,013 19,048
  Merck & Co. Inc. 4.750% 12/4/2035 14,015 13,755
  Novartis Capital Corp. 2.200% 8/14/2030 4,443 4,069

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Novartis Capital Corp. 4.000% 9/18/2031 10,359 10,210
  Novartis Capital Corp. 4.300% 11/5/2032 8,960 8,830
  Novartis Capital Corp. 4.600% 3/18/2033 19,174 19,094
  Novartis Capital Corp. 4.200% 9/18/2034 9,503 9,191
  Novartis Capital Corp. 4.600% 11/5/2035 10,847 10,629
  Novartis Capital Corp. 4.900% 3/18/2036 6,986 6,969
2 Ochsner LSU Health System of North Louisiana 2.510% 5/15/2031 3,165 2,702
  OhioHealth Corp. 2.297% 11/15/2031 4,499 4,008
  Orlando Health Obligated Group 5.475% 10/1/2035 3,619 3,713
  PeaceHealth Obligated Group 4.855% 11/15/2032 1,320 1,317
  Pfizer Inc. 1.750% 8/18/2031 13,968 12,193
  Pfizer Inc. 4.500% 11/15/2032 13,311 13,194
  Pfizer Inc. 4.875% 11/15/2035 17,402 17,245
  Pfizer Investment Enterprises Pte. Ltd. 4.750% 5/19/2033 42,011 41,854
2 Piedmont Healthcare Inc. 2.044% 1/1/2032 3,730 3,247
  Providence St. Joseph Health Obligated Group 5.369% 10/1/2032 7,753 7,869
  Providence St. Joseph Health Obligated Group 5.403% 10/1/2033 3,475 3,543
  Quest Diagnostics Inc. 2.800% 6/30/2031 3,749 3,421
  Quest Diagnostics Inc. 6.400% 11/30/2033 3,293 3,582
  Quest Diagnostics Inc. 5.000% 12/15/2034 10,987 10,908
  Revvity Inc. 2.550% 3/15/2031 4,288 3,861
  Revvity Inc. 2.250% 9/15/2031 8,035 7,020
  Royalty Pharma plc 2.200% 9/2/2030 6,973 6,277
  Royalty Pharma plc 2.150% 9/2/2031 5,992 5,220
  Royalty Pharma plc 5.400% 9/2/2034 1,939 1,955
  Royalty Pharma plc 5.200% 9/25/2035 5,785 5,707
  Sanofi SA 4.200% 11/3/2032 11,000 10,801
  Smith & Nephew plc 5.400% 3/20/2034 6,685 6,781
  Solventum Corp. 5.450% 3/13/2031 5,125 5,258
  Solventum Corp. 5.600% 3/23/2034 16,515 16,882
  Stryker Corp. 4.625% 9/11/2034 5,580 5,447
  Stryker Corp. 5.200% 2/10/2035 9,930 10,054
2 Sutter Health 2.294% 8/15/2030 2,863 2,610
2 Sutter Health 5.537% 8/15/2035 12,431 12,827
  Takeda Pharmaceutical Co. Ltd. 5.300% 7/5/2034 9,456 9,566
  Takeda US Financing Inc. 5.200% 7/7/2035 15,705 15,696
  Thermo Fisher Scientific Inc. 4.200% 3/1/2031 2,900 2,869
  Thermo Fisher Scientific Inc. 2.000% 10/15/2031 11,325 10,019
  Thermo Fisher Scientific Inc. 4.473% 10/7/2032 6,850 6,779
  Thermo Fisher Scientific Inc. 4.950% 11/21/2032 6,644 6,762
  Thermo Fisher Scientific Inc. 4.550% 6/15/2033 2,860 2,825
  Thermo Fisher Scientific Inc. 5.086% 8/10/2033 13,095 13,347
  Thermo Fisher Scientific Inc. 4.794% 10/7/2035 7,530 7,430
  Thermo Fisher Scientific Inc. 4.902% 2/12/2036 4,628 4,589
  UnitedHealth Group Inc. 4.900% 4/15/2031 11,376 11,537
  UnitedHealth Group Inc. 2.300% 5/15/2031 17,902 16,058
  UnitedHealth Group Inc. 4.950% 1/15/2032 13,696 13,844
  UnitedHealth Group Inc. 4.200% 5/15/2032 12,908 12,579
  UnitedHealth Group Inc. 5.350% 2/15/2033 14,496 14,882
  UnitedHealth Group Inc. 4.500% 4/15/2033 17,244 16,842
  UnitedHealth Group Inc. 5.000% 4/15/2034 9,618 9,620
  UnitedHealth Group Inc. 5.150% 7/15/2034 18,322 18,478
  UnitedHealth Group Inc. 5.300% 6/15/2035 17,221 17,568
  UnitedHealth Group Inc. 4.625% 7/15/2035 1,135 1,098
  UnitedHealth Group Inc. 5.800% 3/15/2036 8,000 8,360
  Universal Health Services Inc. 5.050% 10/15/2034 6,315 6,040
  UPMC 5.035% 5/15/2033 5,535 5,602
  Zimmer Biomet Holdings Inc. 2.600% 11/24/2031 11,962 10,677
  Zimmer Biomet Holdings Inc. 5.200% 9/15/2034 8,220 8,211
  Zimmer Biomet Holdings Inc. 5.500% 2/19/2035 1,595 1,627
  Zoetis Inc. 5.600% 11/16/2032 7,233 7,572
  Zoetis Inc. 5.000% 8/17/2035 7,087 7,028
            1,777,880

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
Industrials (2.2%)
  3M Co. 5.150% 3/15/2035 5,337 5,381
  AGCO Corp. 5.800% 3/21/2034 5,881 6,012
  Allegion US Holding Co. Inc. 5.411% 7/1/2032 4,748 4,846
  Allegion US Holding Co. Inc. 5.600% 5/29/2034 3,485 3,557
2 American Airlines Pass-Through Trust Class A Series 2021-1 2.875% 7/11/2034 5,662 5,064
2 American Airlines Pass-Through Trust Class A Series 2025-1 4.900% 5/11/2038 4,676 4,550
2 American Airlines Pass-Through Trust Class AA Series 2019-1 3.150% 2/15/2032 2,796 2,603
  Amphenol Corp. 2.200% 9/15/2031 7,650 6,785
  Amphenol Corp. 4.400% 2/15/2033 29,139 28,436
  Amphenol Corp. 5.250% 4/5/2034 6,380 6,517
  Amphenol Corp. 5.000% 1/15/2035 10,773 10,760
  Amphenol Corp. 4.625% 2/15/2036 22,055 21,323
  Boeing Co. 6.388% 5/1/2031 9,286 9,909
  Boeing Co. 6.125% 2/15/2033 4,919 5,230
  Boeing Co. 3.600% 5/1/2034 8,220 7,349
  Boeing Co. 6.528% 5/1/2034 35,462 38,629
  Boeing Co. 3.250% 2/1/2035 6,195 5,305
  Canadian National Railway Co. 3.850% 8/5/2032 5,163 4,936
  Canadian National Railway Co. 4.375% 9/18/2034 6,890 6,653
  Canadian National Railway Co. 4.750% 11/12/2035 3,013 2,972
  Canadian Pacific Railway Co. 2.450% 12/2/2031 18,375 16,324
  Canadian Pacific Railway Co. 5.200% 3/30/2035 7,381 7,517
  Carrier Global Corp. 5.900% 3/15/2034 8,205 8,660
  Caterpillar Inc. 5.200% 5/15/2035 5,872 6,012
  CSX Corp. 4.100% 11/15/2032 8,229 7,978
  CSX Corp. 5.050% 6/15/2035 12,134 12,175
  Cummins Inc. 4.700% 2/15/2031 10,380 10,480
  Cummins Inc. 5.150% 2/20/2034 3,906 3,969
  Cummins Inc. 5.300% 5/9/2035 12,905 13,143
  Deere & Co. 5.450% 1/16/2035 9,833 10,208
  Dover Corp. 5.375% 10/15/2035 2,675 2,784
  Eaton Corp. 4.000% 11/2/2032 5,439 5,266
  Eaton Corp. 4.500% 3/6/2033 6,455 6,364
2 Eaton Corp. 4.150% 3/15/2033 10,987 10,679
  Eaton Corp. 4.800% 3/6/2036 20,236 19,979
  Embraer Netherlands Finance BV 5.980% 2/11/2035 5,415 5,569
  Emerson Electric Co. 2.200% 12/21/2031 10,025 8,899
  Emerson Electric Co. 5.000% 3/15/2035 2,652 2,670
2 Federal Express Corp. Pass-Through Trusts Series 2020-1 1.875% 2/20/2034 4,371 3,762
2 FedEx Corp. 4.250% 5/15/2030 7,199 7,115
2 FedEx Corp. 2.400% 5/15/2031 8,668 7,808
2 FedEx Corp. 4.900% 1/15/2034 2,805 2,775
3 Fedex Freight Holding Co. Inc. 4.950% 3/15/2033 11,806 11,513
3 Fedex Freight Holding Co. Inc. 5.250% 3/15/2036 5,871 5,676
  Flowserve Corp. 2.800% 1/15/2032 2,525 2,229
  GE Capital Funding LLC 4.550% 5/15/2032 5,859 5,837
  GE Vernova Inc. 4.875% 2/4/2036 5,111 5,065
  General Dynamics Corp. 2.250% 6/1/2031 2,676 2,408
  General Dynamics Corp. 4.950% 8/15/2035 155 156
2 General Electric Co. 6.750% 3/15/2032 4,781 5,335
  General Electric Co. 4.900% 1/29/2036 7,730 7,727
  GXO Logistics Inc. 2.650% 7/15/2031 6,802 6,058
  GXO Logistics Inc. 6.500% 5/6/2034 5,287 5,546
  HEICO Corp. 5.350% 8/1/2033 4,980 5,064
  Hexcel Corp. 5.875% 2/26/2035 3,285 3,369
3 Honeywell Aerospace Inc. 4.600% 3/16/2033 20,700 20,451
3 Honeywell Aerospace Inc. 4.950% 3/16/2036 19,320 19,168
  Honeywell International Inc. 1.750% 9/1/2031 9,751 8,447
  Honeywell International Inc. 4.500% 1/15/2034 5,426 5,338
  Howmet Aerospace Inc. 4.850% 10/15/2031 5,377 5,437
  Howmet Aerospace Inc. 4.550% 11/15/2032 4,042 3,992
  Huntington Ingalls Industries Inc. 5.749% 1/15/2035 9,450 9,765
  Ingersoll Rand Inc. 5.314% 6/15/2031 3,875 3,977
  Ingersoll Rand Inc. 5.700% 8/14/2033 9,335 9,695

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Ingersoll Rand Inc. 5.450% 6/15/2034 7,161 7,309
  Jacobs Engineering Group Inc. 5.900% 3/1/2033 3,005 3,110
  Jacobs Solutions Inc. 5.375% 3/3/2036 5,315 5,175
2 JetBlue Pass-Through Trust Class A Series 2020-1 4.000% 11/15/2032 1,505 1,426
2 JetBlue Pass-Through Trust Class AA Series 2019-1 2.750% 5/15/2032 3,270 2,898
  John Deere Capital Corp. 4.400% 9/8/2031 14,399 14,369
2 John Deere Capital Corp. 3.900% 6/7/2032 10,709 10,368
2 John Deere Capital Corp. 4.350% 9/15/2032 6,947 6,887
2 John Deere Capital Corp. 5.150% 9/8/2033 14,664 15,118
2 John Deere Capital Corp. 5.100% 4/11/2034 10,956 11,148
2 John Deere Capital Corp. 5.050% 6/12/2034 8,931 9,062
  Johnson Controls International plc 2.000% 9/16/2031 5,049 4,403
  Johnson Controls International plc 4.900% 12/1/2032 6,710 6,737
  Keysight Technologies Inc. 4.950% 10/15/2034 4,010 3,967
  L3Harris Technologies Inc. 5.250% 6/1/2031 12,565 12,857
  L3Harris Technologies Inc. 5.400% 7/31/2033 15,002 15,380
  L3Harris Technologies Inc. 5.350% 6/1/2034 5,620 5,718
  LKQ Corp. 6.250% 6/15/2033 3,385 3,486
  Lockheed Martin Corp. 4.700% 12/15/2031 4,841 4,905
  Lockheed Martin Corp. 3.900% 6/15/2032 8,866 8,609
  Lockheed Martin Corp. 5.250% 1/15/2033 6,448 6,715
  Lockheed Martin Corp. 4.750% 2/15/2034 9,163 9,180
  Lockheed Martin Corp. 4.800% 8/15/2034 6,723 6,715
  Lockheed Martin Corp. 5.000% 8/15/2035 11,262 11,355
  Norfolk Southern Corp. 2.300% 5/15/2031 5,033 4,509
  Norfolk Southern Corp. 3.000% 3/15/2032 15,903 14,517
  Norfolk Southern Corp. 4.450% 3/1/2033 840 824
  Norfolk Southern Corp. 5.550% 3/15/2034 17,279 17,924
  Norfolk Southern Corp. 5.100% 5/1/2035 4,427 4,441
  Northrop Grumman Corp. 4.700% 3/15/2033 9,979 9,963
  Northrop Grumman Corp. 4.900% 6/1/2034 8,688 8,671
  nVent Finance Sarl 2.750% 11/15/2031 4,445 3,946
  nVent Finance Sarl 5.650% 5/15/2033 5,585 5,736
  Otis Worldwide Corp. 5.125% 11/19/2031 6,534 6,679
  Otis Worldwide Corp. 5.131% 9/4/2035 3,935 3,923
2 PACCAR Financial Corp. 5.000% 3/22/2034 5,005 5,061
2 Parker-Hannifin Corp. 4.200% 11/21/2034 4,369 4,183
  Pentair Finance Sarl 5.900% 7/15/2032 4,875 5,102
  Regal Rexnord Corp. 6.400% 4/15/2033 10,694 11,295
  Republic Services Inc. 1.750% 2/15/2032 2,793 2,391
  Republic Services Inc. 2.375% 3/15/2033 4,922 4,250
  Republic Services Inc. 5.000% 12/15/2033 3,605 3,664
  Republic Services Inc. 5.000% 4/1/2034 7,446 7,520
  Rockwell Automation Inc. 1.750% 8/15/2031 3,190 2,772
  RTX Corp. 2.375% 3/15/2032 16,872 14,864
  RTX Corp. 5.150% 2/27/2033 9,712 9,912
  RTX Corp. 6.100% 3/15/2034 23,337 25,130
  Ryder System Inc. 6.600% 12/1/2033 6,468 7,096
  Southwest Airlines Co. 5.250% 11/15/2035 3,773 3,541
  Teledyne Technologies Inc. 2.750% 4/1/2031 9,663 8,836
  Textron Inc. 6.100% 11/15/2033 4,400 4,641
  Textron Inc. 5.500% 5/15/2035 4,810 4,892
  Trane Technologies Financing Ltd. 5.250% 3/3/2033 3,410 3,500
  Trane Technologies Financing Ltd. 5.100% 6/13/2034 4,300 4,356
  Trimble Inc. 6.100% 3/15/2033 7,386 7,734
  Triton Container International Ltd. 3.250% 3/15/2032 7,076 6,366
  Triton Container International Ltd. 5.150% 2/15/2033 5,843 5,720
  Tyco Electronics Group SA 2.500% 2/4/2032 7,175 6,374
  Tyco Electronics Group SA 4.875% 2/9/2036 3,073 3,038
  Union Pacific Corp. 2.375% 5/20/2031 8,081 7,319
  Union Pacific Corp. 2.800% 2/14/2032 11,462 10,419
  Union Pacific Corp. 4.500% 1/20/2033 5,833 5,815
  Union Pacific Corp. 5.100% 2/20/2035 5,027 5,120
2 United Airlines Pass-Through Trust Class A Series 2023-1 5.800% 1/15/2036 9,244 9,514
2 United Airlines Pass-Through Trust Class AA Series 2019-2 2.700% 5/1/2032 2,318 2,131

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  United Parcel Service Inc. 4.875% 3/3/2033 10,392 10,593
  United Parcel Service Inc. 5.250% 5/14/2035 11,048 11,282
  Veralto Corp. 5.450% 9/18/2033 7,225 7,381
  Vertiv Holdings Co. 4.850% 3/15/2036 2,650 2,576
  Vontier Corp. 2.950% 4/1/2031 5,732 5,209
  Waste Connections Inc. 2.200% 1/15/2032 8,435 7,409
  Waste Connections Inc. 3.200% 6/1/2032 4,087 3,777
  Waste Connections Inc. 4.200% 1/15/2033 8,658 8,380
  Waste Connections Inc. 5.000% 3/1/2034 3,822 3,845
  Waste Connections Inc. 5.250% 9/1/2035 14,693 14,982
  Waste Management Inc. 4.950% 7/3/2031 5,050 5,163
  Waste Management Inc. 4.800% 3/15/2032 7,457 7,570
  Waste Management Inc. 4.150% 4/15/2032 8,442 8,279
  Waste Management Inc. 4.625% 2/15/2033 4,892 4,898
  Waste Management Inc. 4.875% 2/15/2034 10,738 10,865
  Waste Management Inc. 4.950% 3/15/2035 16,085 16,135
  Westinghouse Air Brake Technologies Corp. 5.611% 3/11/2034 3,415 3,514
  Westinghouse Air Brake Technologies Corp. 5.500% 5/29/2035 9,396 9,606
  WW Grainger Inc. 4.450% 9/15/2034 5,555 5,465
            1,136,721
Materials (1.1%)
  Air Products and Chemicals Inc. 4.800% 3/3/2033 3,285 3,311
  Air Products and Chemicals Inc. 4.850% 2/8/2034 13,599 13,606
  Albemarle Corp. 5.050% 6/1/2032 1,808 1,814
  Amcor Finance USA Inc. 5.625% 5/26/2033 6,234 6,384
  Amcor Flexibles North America Inc. 2.690% 5/25/2031 7,124 6,423
  Amcor Flexibles North America Inc. 5.500% 3/17/2035 9,448 9,565
  Amcor Flexibles North America Inc. 5.125% 3/12/2036 6,268 6,090
  Amrize Finance US LLC 5.400% 4/7/2035 13,336 13,566
  ArcelorMittal SA 6.800% 11/29/2032 11,196 12,359
  ArcelorMittal SA 6.000% 6/17/2034 3,635 3,828
  Berry Global Inc. 5.800% 6/15/2031 10,472 10,846
  Berry Global Inc. 5.650% 1/15/2034 9,224 9,434
  BHP Billiton Finance USA Ltd. 5.125% 2/21/2032 4,044 4,124
  BHP Billiton Finance USA Ltd. 4.900% 2/28/2033 6,183 6,207
  BHP Billiton Finance USA Ltd. 5.250% 9/8/2033 13,356 13,644
  BHP Billiton Finance USA Ltd. 5.300% 2/21/2035 6,381 6,497
  Cabot Corp. 5.000% 6/30/2032 3,550 3,547
  Carlisle Cos. Inc. 2.200% 3/1/2032 4,555 3,925
  Carlisle Cos. Inc. 5.250% 9/15/2035 4,715 4,716
  CF Industries Inc. 5.150% 3/15/2034 7,562 7,517
  CF Industries Inc. 5.300% 11/26/2035 6,245 6,224
  CRH America Finance Inc. 5.400% 5/21/2034 5,795 5,902
  CRH America Finance Inc. 5.500% 1/9/2035 11,736 11,984
  CRH America Finance Inc. 5.000% 2/9/2036 9,940 9,750
  Dow Chemical Co. 6.300% 3/15/2033 5,082 5,327
  Dow Chemical Co. 5.150% 2/15/2034 414 403
  Dow Chemical Co. 4.250% 10/1/2034 35 32
  Dow Chemical Co. 5.350% 3/15/2035 5,541 5,459
  Eagle Materials Inc. 2.500% 7/1/2031 7,838 7,008
  Eastman Chemical Co. 5.750% 3/8/2033 1,771 1,832
  Eastman Chemical Co. 5.625% 2/20/2034 6,904 7,000
  Ecolab Inc. 2.125% 2/1/2032 6,591 5,786
  Ecolab Inc. 5.000% 9/1/2035 1,200 1,202
  EIDP Inc. 5.125% 5/15/2032 7,488 7,599
  EIDP Inc. 4.800% 5/15/2033 5,275 5,220
  Freeport-McMoRan Inc. 5.400% 11/14/2034 6,585 6,684
  Gerdau Trade Inc. 5.750% 6/9/2035 6,096 6,173
  Kinross Gold Corp. 6.250% 7/15/2033 3,975 4,237
  Lubrizol Corp. 6.500% 10/1/2034 3,185 3,563
  LYB International Finance III LLC 5.625% 5/15/2033 6,252 6,296
  LYB International Finance III LLC 5.500% 3/1/2034 6,327 6,289
  LYB International Finance III LLC 6.150% 5/15/2035 1,875 1,931
  LYB International Finance III LLC 5.875% 1/15/2036 5,000 5,015

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Martin Marietta Materials Inc. 2.400% 7/15/2031 7,614 6,782
  Martin Marietta Materials Inc. 5.150% 12/1/2034 6,593 6,596
  Mosaic Co. 5.450% 11/15/2033 4,974 5,026
  Newmont Corp. 2.600% 7/15/2032 9,592 8,680
  Newmont Corp. 5.350% 3/15/2034 29,400 30,244
2 Newmont Corp. 5.875% 4/1/2035 2,517 2,664
  Nucor Corp. 3.125% 4/1/2032 3,278 3,018
  Nucor Corp. 5.100% 6/1/2035 7,771 7,850
  Nutrien Ltd. 5.250% 3/12/2032 10,240 10,457
  Nutrien Ltd. 5.400% 6/21/2034 13,119 13,338
  Nutrien Ltd. 4.125% 3/15/2035 1,015 930
  Packaging Corp. of America 5.700% 12/1/2033 3,592 3,726
  Packaging Corp. of America 5.200% 8/15/2035 8,319 8,255
  Rio Tinto Alcan Inc. 6.125% 12/15/2033 12,291 13,194
  Rio Tinto Alcan Inc. 5.750% 6/1/2035 953 995
  Rio Tinto Finance USA plc 5.000% 3/14/2032 5,837 5,954
  Rio Tinto Finance USA plc 5.000% 3/9/2033 40 41
  Rio Tinto Finance USA plc 5.250% 3/14/2035 16,602 16,852
  RPM International Inc. 2.950% 1/15/2032 2,853 2,565
  Sherwin-Williams Co. 4.800% 9/1/2031 12,630 12,737
  Sherwin-Williams Co. 5.150% 8/15/2035 8,383 8,410
  Smurfit Kappa Treasury ULC 5.438% 4/3/2034 16,224 16,436
  Smurfit Westrock Financing DAC 5.418% 1/15/2035 15,167 15,267
  Smurfit Westrock Financing DAC 5.185% 1/15/2036 11,668 11,469
  Sonoco Products Co. 2.850% 2/1/2032 4,301 3,849
  Sonoco Products Co. 5.000% 9/1/2034 6,618 6,478
  Southern Copper Corp. 7.500% 7/27/2035 9,644 11,004
  Steel Dynamics Inc. 5.375% 8/15/2034 4,617 4,658
  Steel Dynamics Inc. 5.250% 5/15/2035 14,896 14,912
  Suzano Austria GmbH 3.125% 1/15/2032 10,068 8,823
  Suzano Netherlands BV 5.500% 1/15/2036 9,032 8,712
  Vale Overseas Ltd. 6.125% 6/12/2033 13,694 14,232
  Vale Overseas Ltd. 8.250% 1/17/2034 3,414 3,985
  Vulcan Materials Co. 5.350% 12/1/2034 7,009 7,124
  Westlake Corp. 5.550% 11/15/2035 8,941 8,903
  WRKCo Inc. 4.200% 6/1/2032 4,250 4,081
  WRKCo Inc. 3.000% 6/15/2033 7,245 6,362
  Yamana Gold Inc. 2.630% 8/15/2031 3,917 3,475
            586,403
Real Estate (1.9%)
  Agree LP 4.800% 10/1/2032 4,610 4,559
  Agree LP 5.625% 6/15/2034 1,732 1,769
  Agree LP 5.600% 6/15/2035 5,655 5,804
  Alexandria Real Estate Equities Inc. 3.375% 8/15/2031 4,591 4,234
  Alexandria Real Estate Equities Inc. 2.000% 5/18/2032 12,999 10,881
  Alexandria Real Estate Equities Inc. 1.875% 2/1/2033 8,116 6,573
  Alexandria Real Estate Equities Inc. 2.950% 3/15/2034 8,105 6,843
  Alexandria Real Estate Equities Inc. 5.500% 10/1/2035 3,540 3,527
  Alexandria Real Estate Equities Inc. 5.250% 3/15/2036 5,679 5,539
  American Assets Trust LP 6.150% 10/1/2034 4,524 4,483
  American Homes 4 Rent LP 2.375% 7/15/2031 3,755 3,306
  American Homes 4 Rent LP 3.625% 4/15/2032 3,426 3,165
  American Homes 4 Rent LP 5.500% 2/1/2034 5,775 5,828
  American Homes 4 Rent LP 5.500% 7/15/2034 4,408 4,413
  American Homes 4 Rent LP 5.250% 3/15/2035 6,326 6,230
  American Tower Corp. 2.700% 4/15/2031 8,780 7,971
  American Tower Corp. 2.300% 9/15/2031 10,358 9,119
  American Tower Corp. 4.050% 3/15/2032 7,225 6,924
  American Tower Corp. 5.650% 3/15/2033 8,525 8,812
  American Tower Corp. 5.550% 7/15/2033 8,421 8,652
  American Tower Corp. 5.900% 11/15/2033 1,855 1,942
  American Tower Corp. 5.450% 2/15/2034 2,287 2,326
  American Tower Corp. 5.400% 1/31/2035 13,550 13,654
  American Tower Corp. 5.350% 3/15/2035 6,711 6,757

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Americold Realty Operating Partnership LP 5.600% 5/15/2032 4,653 4,593
  Americold Realty Operating Partnership LP 5.409% 9/12/2034 5,310 5,054
  AvalonBay Communities Inc. 2.050% 1/15/2032 8,598 7,467
  AvalonBay Communities Inc. 5.000% 2/15/2033 6,915 6,980
  AvalonBay Communities Inc. 5.300% 12/7/2033 3,518 3,609
  AvalonBay Communities Inc. 5.350% 6/1/2034 84 86
  AvalonBay Communities Inc. 5.000% 8/1/2035 3,265 3,242
  Boston Properties LP 2.550% 4/1/2032 5,767 4,956
  Boston Properties LP 2.450% 10/1/2033 12,152 9,813
  Boston Properties LP 6.500% 1/15/2034 4,311 4,517
  Boston Properties LP 5.750% 1/15/2035 8,350 8,305
  Brixmor Operating Partnership LP 2.500% 8/16/2031 7,229 6,428
  Brixmor Operating Partnership LP 5.200% 4/1/2032 2,170 2,185
  Brixmor Operating Partnership LP 5.500% 2/15/2034 2,874 2,918
  Brixmor Operating Partnership LP 5.750% 2/15/2035 3,341 3,434
  Broadstone Net Lease LLC 2.600% 9/15/2031 3,018 2,645
  Camden Property Trust 4.900% 2/28/2036 5,550 5,384
  CBRE Services Inc. 2.500% 4/1/2031 6,365 5,690
  CBRE Services Inc. 4.900% 1/15/2033 6,127 6,052
  CBRE Services Inc. 5.950% 8/15/2034 4,915 5,117
  CBRE Services Inc. 5.500% 6/15/2035 5,741 5,793
  COPT Defense Properties LP 2.750% 4/15/2031 6,166 5,572
  COPT Defense Properties LP 2.900% 12/1/2033 4,441 3,757
  Cousins Properties LP 5.375% 2/15/2032 6,835 6,878
  Cousins Properties LP 4.875% 3/1/2033 4,541 4,367
  Cousins Properties LP 5.875% 10/1/2034 3,180 3,225
  Crown Castle Inc. 2.100% 4/1/2031 8,311 7,243
  Crown Castle Inc. 2.500% 7/15/2031 7,581 6,682
  Crown Castle Inc. 5.100% 5/1/2033 2,422 2,390
  Crown Castle Inc. 5.800% 3/1/2034 9,938 10,174
  Crown Castle Inc. 5.200% 9/1/2034 4,666 4,615
  CubeSmart LP 2.500% 2/15/2032 5,908 5,184
  CubeSmart LP 5.125% 11/1/2035 10,837 10,673
  DOC DR LLC 2.625% 11/1/2031 4,206 3,731
  Equinix Europe 2 Financing Corp. LLC 4.700% 3/15/2033 7,650 7,435
  Equinix Europe 2 Financing Corp. LLC 5.500% 6/15/2034 7,570 7,686
  Equinix Inc. 2.500% 5/15/2031 12,288 10,975
  Equinix Inc. 3.900% 4/15/2032 8,621 8,151
  ERP Operating LP 1.850% 8/1/2031 6,995 6,123
  ERP Operating LP 4.950% 6/15/2032 6,665 6,712
  ERP Operating LP 4.650% 9/15/2034 6,139 5,987
  Essential Properties LP 2.950% 7/15/2031 5,294 4,772
  Essential Properties LP 5.400% 12/1/2035 1,266 1,246
  Essex Portfolio LP 2.550% 6/15/2031 4 4
  Essex Portfolio LP 2.650% 3/15/2032 8,785 7,724
  Essex Portfolio LP 5.500% 4/1/2034 4,707 4,762
  Essex Portfolio LP 5.375% 4/1/2035 7,079 7,138
  Essex Portfolio LP 4.875% 2/15/2036 5,082 4,881
  Extra Space Storage LP 2.550% 6/1/2031 5,257 4,692
  Extra Space Storage LP 2.400% 10/15/2031 6,611 5,786
  Extra Space Storage LP 2.350% 3/15/2032 9,544 8,187
  Extra Space Storage LP 4.950% 1/15/2033 3,580 3,529
  Extra Space Storage LP 5.400% 2/1/2034 5,845 5,886
  Extra Space Storage LP 5.350% 1/15/2035 3,355 3,362
  Extra Space Storage LP 5.400% 6/15/2035 3,893 3,902
  GLP Capital LP 3.250% 1/15/2032 3,345 2,987
  GLP Capital LP 5.250% 2/15/2033 2,123 2,077
  GLP Capital LP 6.750% 12/1/2033 3,871 4,084
  GLP Capital LP 5.625% 9/15/2034 4,764 4,681
  Healthpeak OP LLC 5.250% 12/15/2032 6,324 6,364
  Healthpeak OP LLC 5.375% 2/15/2035 3,610 3,622
  Highwoods Realty LP 5.350% 1/15/2033 7,012 6,852
  Highwoods Realty LP 7.650% 2/1/2034 5,081 5,619
2 Host Hotels & Resorts LP 2.900% 12/15/2031 3,488 3,102
  Host Hotels & Resorts LP 5.700% 6/15/2032 5,254 5,386

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Host Hotels & Resorts LP 5.700% 7/1/2034 6,298 6,367
  Host Hotels & Resorts LP 5.500% 4/15/2035 4,689 4,651
  Invitation Homes Operating Partnership LP 2.000% 8/15/2031 9,673 8,291
  Invitation Homes Operating Partnership LP 4.150% 4/15/2032 4,343 4,081
  Invitation Homes Operating Partnership LP 4.950% 1/15/2033 11,131 10,868
  Invitation Homes Operating Partnership LP 5.500% 8/15/2033 3,571 3,574
  Invitation Homes Operating Partnership LP 2.700% 1/15/2034 2,403 2,004
  Kilroy Realty LP 2.500% 11/15/2032 5,900 4,808
  Kilroy Realty LP 2.650% 11/15/2033 4,205 3,341
  Kimco Realty OP LLC 2.250% 12/1/2031 2,247 1,979
  Kimco Realty OP LLC 3.200% 4/1/2032 9,344 8,568
  Kimco Realty OP LLC 4.600% 2/1/2033 6,000 5,907
  Kimco Realty OP LLC 6.400% 3/1/2034 4,168 4,511
  Kimco Realty OP LLC 4.850% 3/1/2035 5,217 5,117
  Kimco Realty OP LLC 5.300% 2/1/2036 4,850 4,885
  Kite Realty Group LP 4.950% 12/15/2031 5,247 5,227
  Kite Realty Group LP 5.200% 8/15/2032 2,010 2,019
  Kite Realty Group LP 5.500% 3/1/2034 3,794 3,829
  LXP Industrial Trust 2.375% 10/1/2031 3,648 3,167
  Mid-America Apartments LP 5.300% 2/15/2032 4,041 4,156
  Mid-America Apartments LP 4.650% 1/15/2033 3,047 2,996
  Mid-America Apartments LP 5.000% 3/15/2034 3,235 3,215
  Mid-America Apartments LP 4.950% 3/1/2035 2,545 2,514
  NNN REIT Inc. 5.600% 10/15/2033 6,155 6,329
  NNN REIT Inc. 5.500% 6/15/2034 5,005 5,081
  Omega Healthcare Investors Inc. 3.250% 4/15/2033 8,563 7,529
  Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031 105 93
  Phillips Edison Grocery Center Operating Partnership I LP 5.250% 8/15/2032 4,541 4,562
  Phillips Edison Grocery Center Operating Partnership I LP 4.950% 1/15/2035 2,879 2,786
  Piedmont Operating Partnership LP 2.750% 4/1/2032 3,336 2,800
  Prologis LP 2.250% 1/15/2032 3,424 3,007
  Prologis LP 4.625% 1/15/2033 8,364 8,267
  Prologis LP 4.750% 6/15/2033 8,793 8,717
  Prologis LP 5.125% 1/15/2034 8,819 8,914
  Prologis LP 5.000% 3/15/2034 7,686 7,695
  Prologis LP 5.000% 1/31/2035 3,956 3,939
  Prologis LP 5.250% 5/15/2035 10,956 11,133
  Public Storage Operating Co. 2.250% 11/9/2031 12,832 11,370
  Public Storage Operating Co. 5.100% 8/1/2033 7,337 7,495
  Public Storage Operating Co. 5.000% 7/1/2035 4,870 4,878
  Rayonier LP 2.750% 5/17/2031 5,295 4,764
  Realty Income Corp. 2.700% 2/15/2032 70 62
  Realty Income Corp. 5.625% 10/13/2032 10,253 10,696
  Realty Income Corp. 2.850% 12/15/2032 6,828 6,053
  Realty Income Corp. 4.500% 2/1/2033 8,453 8,247
4 Realty Income Corp. 4.750% 4/15/2033 3,775 3,720
  Realty Income Corp. 4.900% 7/15/2033 7,023 7,007
  Realty Income Corp. 5.125% 2/15/2034 7,556 7,608
  Realty Income Corp. 5.125% 4/15/2035 7,800 7,803
  Regency Centers LP 5.000% 7/15/2032 50 50
  Regency Centers LP 4.500% 3/15/2033 1,961 1,912
  Regency Centers LP 5.250% 1/15/2034 4,310 4,354
  Regency Centers LP 5.100% 1/15/2035 1,260 1,255
  Rexford Industrial Realty LP 2.150% 9/1/2031 9,669 8,392
  Sabra Health Care LP 3.200% 12/1/2031 5,688 5,136
  Safehold GL Holdings LLC 2.800% 6/15/2031 7,221 6,544
  Safehold GL Holdings LLC 5.650% 1/15/2035 6,498 6,582
  Simon Property Group LP 2.250% 1/15/2032 8,395 7,336
  Simon Property Group LP 2.650% 2/1/2032 850 758
  Simon Property Group LP 5.500% 3/8/2033 4,080 4,229
  Simon Property Group LP 6.250% 1/15/2034 5,603 6,019
  Simon Property Group LP 4.750% 9/26/2034 9,665 9,461
  Simon Property Group LP 5.125% 10/1/2035 14,629 14,648
  Store Capital LLC 2.700% 12/1/2031 3,643 3,171
  Sun Communities Operating LP 2.700% 7/15/2031 8,198 7,338

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Sun Communities Operating LP 4.200% 4/15/2032 6,215 5,919
  Tanger Properties LP 2.750% 9/1/2031 4,716 4,214
  UDR Inc. 3.000% 8/15/2031 5,265 4,823
2 UDR Inc. 2.100% 8/1/2032 2,673 2,261
2 UDR Inc. 1.900% 3/15/2033 4,808 3,937
2 UDR Inc. 2.100% 6/15/2033 2,395 1,971
  UDR Inc. 5.125% 9/1/2034 4,342 4,313
  Ventas Realty LP 5.100% 7/15/2032 4,587 4,611
  Ventas Realty LP 5.625% 7/1/2034 5,798 5,942
  Ventas Realty LP 5.000% 1/15/2035 4,864 4,776
  Ventas Realty LP 5.000% 2/15/2036 5,000 4,886
  VICI Properties LP 5.125% 11/15/2031 7,894 7,834
  VICI Properties LP 5.125% 5/15/2032 16,875 16,644
  VICI Properties LP 5.750% 4/1/2034 3,225 3,256
  VICI Properties LP 5.625% 4/1/2035 4,894 4,868
  Welltower OP LLC 2.750% 1/15/2032 5,807 5,220
  Welltower OP LLC 3.850% 6/15/2032 3,468 3,306
  Welltower OP LLC 5.125% 7/1/2035 11,963 11,985
  Weyerhaeuser Co. 7.375% 3/15/2032 460 513
  Weyerhaeuser Co. 3.375% 3/9/2033 10,276 9,265
  WP Carey Inc. 2.450% 2/1/2032 4,550 3,966
  WP Carey Inc. 2.250% 4/1/2033 3,326 2,757
            956,866
Technology (3.3%)
  Accenture Capital Inc. 4.250% 10/4/2031 13,305 13,147
  Accenture Capital Inc. 4.500% 10/4/2034 16,195 15,665
  Adobe Inc. 5.300% 1/17/2035 6,095 6,232
  Advanced Micro Devices Inc. 3.924% 6/1/2032 4,650 4,535
  Analog Devices Inc. 2.100% 10/1/2031 13,908 12,267
  Apple Inc. 1.700% 8/5/2031 8,057 7,106
  Apple Inc. 4.500% 5/12/2032 5,341 5,415
  Apple Inc. 3.350% 8/8/2032 13,267 12,636
  Apple Inc. 4.750% 5/12/2035 10,478 10,637
  Applied Materials Inc. 5.100% 10/1/2035 4,625 4,694
  Arrow Electronics Inc. 2.950% 2/15/2032 5,095 4,501
  Arrow Electronics Inc. 5.875% 4/10/2034 4,005 4,106
  Atlassian Corp. 5.500% 5/15/2034 4,380 4,287
  Autodesk Inc. 2.400% 12/15/2031 12,393 10,884
  Autodesk Inc. 5.300% 6/15/2035 4,566 4,571
  Automatic Data Processing Inc. 4.750% 5/8/2032 9,236 9,330
  Automatic Data Processing Inc. 4.450% 9/9/2034 5,818 5,702
  Avnet Inc. 5.500% 6/1/2032 4,851 4,913
  Booz Allen Hamilton Inc. 5.950% 8/4/2033 6,852 6,993
  Booz Allen Hamilton Inc. 5.950% 4/15/2035 230 232
2 Broadcom Inc. 4.550% 2/15/2032 7,214 7,151
3 Broadcom Inc. 4.150% 4/15/2032 4,345 4,205
  Broadcom Inc. 5.200% 4/15/2032 14,746 15,093
  Broadcom Inc. 4.900% 7/15/2032 15,543 15,683
  Broadcom Inc. 4.300% 11/15/2032 9,166 8,925
  Broadcom Inc. 4.600% 1/15/2033 10,063 9,915
  Broadcom Inc. 2.600% 2/15/2033 17,115 14,951
  Broadcom Inc. 3.419% 4/15/2033 32,299 29,543
  Broadcom Inc. 3.469% 4/15/2034 28,776 25,933
  Broadcom Inc. 4.800% 10/15/2034 11,520 11,344
  Broadcom Inc. 5.200% 7/15/2035 34,323 34,574
3 Broadcom Inc. 3.137% 11/15/2035 22,643 19,239
  Broadcom Inc. 4.950% 1/15/2036 11,369 11,231
  Broadcom Inc. 4.800% 2/15/2036 38,516 37,518
  Broadridge Financial Solutions Inc. 2.600% 5/1/2031 10,386 9,246
  Cadence Design Systems Inc. 4.700% 9/10/2034 9,792 9,616
  CDW LLC 3.569% 12/1/2031 12,282 11,220
  CDW LLC 5.550% 8/22/2034 4,445 4,369
  CGI Inc. 2.300% 9/14/2031 4,855 4,241
  Cintas Corp. No. 2 4.000% 5/1/2032 7,384 7,158

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Cisco Systems Inc. 4.950% 2/24/2032 10,027 10,219
  Cisco Systems Inc. 5.050% 2/26/2034 20,719 21,007
  Cisco Systems Inc. 5.100% 2/24/2035 17,712 17,946
  Concentrix Corp. 6.850% 8/2/2033 2,455 2,291
  Dell International LLC 5.300% 4/1/2032 8,745 8,883
  Dell International LLC 4.750% 10/6/2032 10,268 10,118
  Dell International LLC 5.400% 4/15/2034 11,156 11,256
  Dell International LLC 4.850% 2/1/2035 14,796 14,310
  Dell International LLC 5.500% 4/1/2035 9,038 9,148
  Dell International LLC 5.100% 2/15/2036 11,905 11,638
  Equifax Inc. 2.350% 9/15/2031 12,888 11,305
  Fidelity National Information Services Inc. 5.100% 7/15/2032 6,835 6,807
  Fiserv Inc. 5.600% 3/2/2033 7,777 7,860
  Fiserv Inc. 5.625% 8/21/2033 11,625 11,735
  Fiserv Inc. 5.450% 3/15/2034 6,978 6,933
  Fiserv Inc. 5.150% 8/12/2034 10,355 10,055
  Fiserv Inc. 5.250% 8/11/2035 15,065 14,646
  Flex Ltd. 5.250% 1/15/2032 7,368 7,392
  Flex Ltd. 5.375% 11/13/2035 4,163 4,098
  Gartner Inc. 5.600% 11/20/2035 5,030 4,761
  Hewlett Packard Enterprise Co. 4.850% 10/15/2031 10,963 10,887
  Hewlett Packard Enterprise Co. 5.250% 4/1/2033 4,584 4,556
  Hewlett Packard Enterprise Co. 5.000% 10/15/2034 17,570 16,996
  Hewlett Packard Enterprise Co. 6.200% 10/15/2035 5,760 6,103
  HP Inc. 2.650% 6/17/2031 11,855 10,543
  HP Inc. 4.200% 4/15/2032 5,896 5,606
  HP Inc. 5.500% 1/15/2033 424 429
  HP Inc. 6.100% 4/25/2035 9,118 9,476
  Hubbell Inc. 4.800% 11/15/2035 2,699 2,628
  IBM International Capital Pte. Ltd. 4.900% 2/5/2034 6,160 6,078
  Intel Corp. 2.000% 8/12/2031 14,448 12,510
  Intel Corp. 4.150% 8/5/2032 13,451 12,821
  Intel Corp. 4.000% 12/15/2032 3,275 3,082
  Intel Corp. 5.200% 2/10/2033 26,539 26,744
  Intel Corp. 5.150% 2/21/2034 781 779
  International Business Machines Corp. 2.720% 2/9/2032 550 493
2 International Business Machines Corp. 5.000% 2/10/2032 12,019 12,119
  International Business Machines Corp. 4.400% 7/27/2032 6,006 5,880
  International Business Machines Corp. 5.875% 11/29/2032 4,218 4,479
  International Business Machines Corp. 4.600% 2/3/2033 5,762 5,652
  International Business Machines Corp. 4.750% 2/6/2033 6,620 6,582
2 International Business Machines Corp. 5.200% 2/10/2035 8,380 8,419
  International Business Machines Corp. 4.950% 2/3/2036 9,440 9,197
  Intuit Inc. 5.200% 9/15/2033 10,852 11,036
  Jabil Inc. 4.750% 2/1/2033 1,647 1,602
  Juniper Networks Inc. 2.000% 12/10/2030 2,392 2,102
  KLA Corp. 4.650% 7/15/2032 8,452 8,490
  KLA Corp. 4.700% 2/1/2034 5,205 5,164
  Kyndryl Holdings Inc. 3.150% 10/15/2031 8,338 6,955
  Kyndryl Holdings Inc. 6.350% 2/20/2034 4,565 4,237
  Leidos Inc. 5.400% 3/15/2032 3,922 3,994
  Leidos Inc. 5.750% 3/15/2033 6,867 7,121
  Leidos Inc. 5.500% 3/15/2035 930 944
  Leidos Inc. 5.000% 3/15/2036 10,913 10,550
  Marvell Technology Inc. 2.950% 4/15/2031 4,369 4,010
  Marvell Technology Inc. 5.950% 9/15/2033 4,296 4,526
  Marvell Technology Inc. 5.450% 7/15/2035 6,135 6,233
  Micron Technology Inc. 2.703% 4/15/2032 8,108 7,312
  Micron Technology Inc. 5.875% 2/9/2033 10,079 10,747
  Micron Technology Inc. 5.875% 9/15/2033 10,475 11,195
  Micron Technology Inc. 5.800% 1/15/2035 12,220 13,011
  Micron Technology Inc. 6.050% 11/1/2035 8,802 9,494
  Microsoft Corp. 4.200% 11/3/2035 110 108
  Moody's Corp. 2.000% 8/19/2031 6,402 5,636
  Moody's Corp. 4.250% 8/8/2032 4,547 4,417

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Moody's Corp. 5.000% 8/5/2034 5,150 5,147
  Motorola Solutions Inc. 2.750% 5/24/2031 10,524 9,563
  Motorola Solutions Inc. 5.600% 6/1/2032 5,615 5,820
  Motorola Solutions Inc. 5.200% 8/15/2032 5,530 5,608
  Motorola Solutions Inc. 5.400% 4/15/2034 7,805 7,900
  Motorola Solutions Inc. 5.550% 8/15/2035 9,075 9,278
  MSCI Inc. 5.250% 9/1/2035 11,155 10,928
  MSCI Inc. 5.150% 3/15/2036 4,900 4,750
  NetApp Inc. 5.500% 3/17/2032 6,712 6,860
  NetApp Inc. 5.700% 3/17/2035 5,453 5,554
  Nordson Corp. 5.800% 9/15/2033 4,349 4,520
  NVIDIA Corp. 2.000% 6/15/2031 6,731 6,032
  NXP BV 2.500% 5/11/2031 12,067 10,836
  NXP BV 2.650% 2/15/2032 9,579 8,454
  NXP BV 5.000% 1/15/2033 5,525 5,500
  NXP BV 5.250% 8/19/2035 9,601 9,548
  Oracle Corp. 2.875% 3/25/2031 12,480 11,090
  Oracle Corp. 5.250% 2/3/2032 13,146 12,924
  Oracle Corp. 4.800% 9/26/2032 28,401 27,024
  Oracle Corp. 6.250% 11/9/2032 16,982 17,425
  Oracle Corp. 4.900% 2/6/2033 9,529 9,027
  Oracle Corp. 5.350% 5/4/2033 27,726 26,977
  Oracle Corp. 4.300% 7/8/2034 11,035 9,788
  Oracle Corp. 4.700% 9/27/2034 19,085 17,409
  Oracle Corp. 3.900% 5/15/2035 10,125 8,563
  Oracle Corp. 5.500% 8/3/2035 11,869 11,339
  Oracle Corp. 5.200% 9/26/2035 48,932 45,861
  Oracle Corp. 5.700% 2/4/2036 59,768 57,462
  Paychex Inc. 5.350% 4/15/2032 12,555 12,620
  Paychex Inc. 5.600% 4/15/2035 10,788 10,837
  QUALCOMM Inc. 1.650% 5/20/2032 13,155 11,139
  QUALCOMM Inc. 4.250% 5/20/2032 3,196 3,143
  QUALCOMM Inc. 4.750% 5/20/2032 3,339 3,357
  QUALCOMM Inc. 5.400% 5/20/2033 7,448 7,749
  QUALCOMM Inc. 4.650% 5/20/2035 9,435 9,282
  QUALCOMM Inc. 5.000% 5/20/2035 10,445 10,428
  Quanta Services Inc. 4.500% 1/15/2031 3,192 3,167
  Quanta Services Inc. 2.350% 1/15/2032 6,456 5,626
  Quanta Services Inc. 5.250% 8/9/2034 7,988 8,038
  Quanta Services Inc. 5.100% 8/9/2035 7,191 7,093
  RELX Capital Inc. 4.750% 5/20/2032 5,052 5,037
  RELX Capital Inc. 5.250% 3/27/2035 3,488 3,529
  Roper Technologies Inc. 4.750% 2/15/2032 4,250 4,196
  Roper Technologies Inc. 4.900% 10/15/2034 9,379 9,057
  Roper Technologies Inc. 5.100% 9/15/2035 10,283 9,983
  S&P Global Inc. 2.900% 3/1/2032 13,105 11,957
  S&P Global Inc. 5.250% 9/15/2033 5,292 5,447
3 S&P Global Inc. 4.800% 12/4/2035 1,279 1,253
  Salesforce Inc. 1.950% 7/15/2031 15,916 13,882
  Salesforce Inc. 4.900% 9/15/2031 17,514 17,490
  Salesforce Inc. 5.200% 3/15/2033 25,200 25,155
  Salesforce Inc. 5.550% 3/15/2036 41,300 41,175
  Skyworks Solutions Inc. 3.000% 6/1/2031 7,146 6,381
  Synopsys Inc. 5.000% 4/1/2032 12,673 12,782
  Synopsys Inc. 5.150% 4/1/2035 21,834 21,874
  TD SYNNEX Corp. 6.100% 4/12/2034 3,045 3,144
  TD SYNNEX Corp. 5.300% 10/10/2035 8,350 8,088
  Texas Instruments Inc. 1.900% 9/15/2031 6,699 5,891
  Texas Instruments Inc. 4.900% 3/14/2033 7,450 7,578
  Texas Instruments Inc. 4.850% 2/8/2034 11,323 11,421
  Texas Instruments Inc. 5.100% 5/23/2035 4,233 4,287
  TSMC Arizona Corp. 2.500% 10/25/2031 13,567 12,286
  TSMC Arizona Corp. 4.250% 4/22/2032 8,415 8,346
  Verisk Analytics Inc. 5.750% 4/1/2033 4,920 5,096
  Verisk Analytics Inc. 5.250% 6/5/2034 3,425 3,408

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Verisk Analytics Inc. 5.250% 3/15/2035 6,076 6,024
  Verisk Analytics Inc. 5.125% 3/15/2036 4,850 4,741
  VMware LLC 2.200% 8/15/2031 16,980 14,918
  Workday Inc. 3.800% 4/1/2032 12,908 11,982
            1,722,433
Utilities (3.6%)
2 AEP Texas Inc. 2.100% 7/1/2030 5,745 5,202
  AEP Texas Inc. 4.700% 5/15/2032 5,310 5,248
  AEP Texas Inc. 5.400% 6/1/2033 5,238 5,320
  AEP Texas Inc. 5.700% 5/15/2034 3,914 4,039
2 AEP Texas Inc. 5.200% 4/15/2036 1,533 1,509
  AEP Transmission Co. LLC 5.150% 4/1/2034 4,420 4,454
  AES Corp. 2.450% 1/15/2031 10,363 9,179
  AES Corp. 5.800% 3/15/2032 9,546 9,605
  Alabama Power Co. 3.050% 3/15/2032 6,031 5,543
  Alabama Power Co. 3.940% 9/1/2032 3,635 3,496
  Alabama Power Co. 5.850% 11/15/2033 5,329 5,635
  Alabama Power Co. 5.100% 4/2/2035 1,780 1,796
  Alliant Energy Corp. 5.750% 4/1/2056 5,435 5,281
  Ameren Corp. 3.500% 1/15/2031 6,993 6,640
  Ameren Corp. 5.375% 3/15/2035 14,393 14,553
  Ameren Illinois Co. 3.850% 9/1/2032 2,849 2,711
  Ameren Illinois Co. 4.950% 6/1/2033 7,783 7,833
  American Electric Power Co. Inc. 5.950% 11/1/2032 3,020 3,189
  American Electric Power Co. Inc. 5.625% 3/1/2033 9,670 10,006
  American Electric Power Co. Inc. 6.950% 12/15/2054 3,481 3,680
2 American Electric Power Co. Inc. 5.800% 3/15/2056 1,810 1,787
2 American Electric Power Co. Inc. 6.050% 3/15/2056 7,710 7,644
  American Water Capital Corp. 2.300% 6/1/2031 6,385 5,718
  American Water Capital Corp. 4.450% 6/1/2032 5,851 5,759
  American Water Capital Corp. 5.150% 3/1/2034 8,541 8,682
  American Water Capital Corp. 5.250% 3/1/2035 3,562 3,620
4 American Water Capital Corp. 5.200% 4/1/2036 5,500 5,505
2 Appalachian Power Co. 2.700% 4/1/2031 6,100 5,550
2 Appalachian Power Co. 4.500% 8/1/2032 5,730 5,595
  Appalachian Power Co. 5.650% 4/1/2034 3,365 3,466
  Arizona Public Service Co. 6.350% 12/15/2032 2,823 3,028
  Arizona Public Service Co. 5.550% 8/1/2033 6,103 6,264
  Arizona Public Service Co. 5.700% 8/15/2034 6,682 6,922
  Arizona Public Service Co. 5.100% 3/15/2036 2,648 2,602
  Atmos Energy Corp. 5.450% 10/15/2032 1,800 1,872
  Atmos Energy Corp. 5.900% 11/15/2033 10,851 11,598
2 Atmos Energy Corp. 5.200% 8/15/2035 3,477 3,547
  Baltimore Gas & Electric Co. 2.250% 6/15/2031 8,306 7,433
2 Baltimore Gas & Electric Co. 5.300% 6/1/2034 4,012 4,082
  Baltimore Gas & Electric Co. 5.450% 6/1/2035 11,620 11,915
  Berkshire Hathaway Energy Co. 1.650% 5/15/2031 8,525 7,388
  Black Hills Corp. 4.350% 5/1/2033 4,259 4,050
  Black Hills Corp. 6.150% 5/15/2034 5,470 5,756
  Black Hills Corp. 6.000% 1/15/2035 4,140 4,296
2 CenterPoint Energy Houston Electric LLC 2.350% 4/1/2031 4,573 4,123
2 CenterPoint Energy Houston Electric LLC 3.000% 3/1/2032 3,700 3,371
  CenterPoint Energy Houston Electric LLC 4.950% 4/1/2033 10,197 10,246
  CenterPoint Energy Houston Electric LLC 5.150% 3/1/2034 5,150 5,214
  CenterPoint Energy Houston Electric LLC 5.050% 3/1/2035 5,165 5,152
2 CenterPoint Energy Houston Electric LLC 4.950% 8/15/2035 6,167 6,109
2 CenterPoint Energy Houston Electric LLC 4.850% 4/1/2036 1,890 1,852
2 CenterPoint Energy Inc. 6.850% 2/15/2055 3,595 3,763
  CenterPoint Energy Inc. 5.950% 4/1/2056 6,091 6,016
  CenterPoint Energy Resources Corp. 1.750% 10/1/2030 6,240 5,536
  CenterPoint Energy Resources Corp. 4.400% 7/1/2032 176 173
  CenterPoint Energy Resources Corp. 5.400% 7/1/2034 5,690 5,816
2 CMS Energy Corp. 4.750% 6/1/2050 3,210 3,106
  CMS Energy Corp. 6.500% 6/1/2055 7,493 7,593

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
2 Commonwealth Edison Co. 3.150% 3/15/2032 4,810 4,447
  Commonwealth Edison Co. 4.900% 2/1/2033 2,535 2,557
  Commonwealth Edison Co. 5.300% 6/1/2034 4,355 4,472
2 Connecticut Light & Power Co. 2.050% 7/1/2031 7,020 6,203
  Connecticut Light & Power Co. 4.900% 7/1/2033 3,800 3,810
  Connecticut Light & Power Co. 4.950% 8/15/2034 4,155 4,121
  Consolidated Edison Co. of New York Inc. 2.400% 6/15/2031 3,609 3,263
  Consolidated Edison Co. of New York Inc. 5.200% 3/1/2033 5,007 5,144
  Consolidated Edison Co. of New York Inc. 5.500% 3/15/2034 7,973 8,269
  Consolidated Edison Co. of New York Inc. 5.375% 5/15/2034 2,036 2,084
  Consolidated Edison Co. of New York Inc. 5.125% 3/15/2035 6,685 6,715
  Constellation Energy Generation LLC 5.800% 3/1/2033 4,628 4,855
  Constellation Energy Generation LLC 6.125% 1/15/2034 6,558 7,009
  Consumers Energy Co. 3.600% 8/15/2032 9,093 8,567
  Consumers Energy Co. 4.625% 5/15/2033 1,860 1,843
  Consumers Energy Co. 5.050% 5/15/2035 7,913 7,949
2 Dominion Energy Inc. 2.250% 8/15/2031 5,660 4,997
2 Dominion Energy Inc. 4.350% 8/15/2032 10,855 10,507
  Dominion Energy Inc. 5.375% 11/15/2032 7,646 7,824
2 Dominion Energy Inc. 5.250% 8/1/2033 6,327 6,390
  Dominion Energy Inc. 5.450% 3/15/2035 5,587 5,637
2 Dominion Energy Inc. 5.950% 6/15/2035 5,542 5,767
2 Dominion Energy Inc. 7.000% 6/1/2054 10,046 10,628
  Dominion Energy Inc. 6.625% 5/15/2055 13,798 13,941
2 Dominion Energy Inc. 6.000% 2/15/2056 6,240 6,188
  Dominion Energy Inc. 6.200% 2/15/2056 8,585 8,515
2 Dominion Energy South Carolina Inc. 2.300% 12/1/2031 4,668 4,129
  Dominion Energy South Carolina Inc. 6.625% 2/1/2032 2,517 2,765
  Dominion Energy South Carolina Inc. 5.300% 5/15/2033 3,170 3,261
2 Dominion Energy South Carolina Inc. 5.300% 1/15/2035 5,040 5,141
2 DTE Electric Co. 2.625% 3/1/2031 6,359 5,847
2 DTE Electric Co. 3.000% 3/1/2032 5,522 5,082
  DTE Electric Co. 5.200% 4/1/2033 3,601 3,696
  DTE Electric Co. 5.200% 3/1/2034 5,006 5,121
  DTE Electric Co. 5.250% 5/15/2035 8,160 8,279
2 DTE Electric Co. 4.850% 3/1/2036 2,226 2,184
  DTE Energy Co. 5.850% 6/1/2034 10,297 10,788
  DTE Energy Co. 5.050% 10/1/2035 6,196 6,108
  Duke Energy Carolinas LLC 2.550% 4/15/2031 9,016 8,252
  Duke Energy Carolinas LLC 2.850% 3/15/2032 6,259 5,693
  Duke Energy Carolinas LLC 4.950% 1/15/2033 11,691 11,874
  Duke Energy Carolinas LLC 4.850% 1/15/2034 3,140 3,139
2 Duke Energy Carolinas LLC 5.250% 3/15/2035 5,724 5,824
  Duke Energy Corp. 2.550% 6/15/2031 11,429 10,279
  Duke Energy Corp. 4.500% 8/15/2032 12,776 12,582
  Duke Energy Corp. 5.750% 9/15/2033 6,840 7,127
  Duke Energy Corp. 5.450% 6/15/2034 11,496 11,774
  Duke Energy Corp. 4.950% 9/15/2035 6,205 6,059
  Duke Energy Corp. 6.450% 9/1/2054 11,714 12,073
  Duke Energy Florida LLC 2.400% 12/15/2031 7,132 6,371
  Duke Energy Florida LLC 5.875% 11/15/2033 1,800 1,910
  Duke Energy Florida LLC 4.850% 12/1/2035 5,318 5,225
  Duke Energy Indiana LLC 5.250% 3/1/2034 3,513 3,596
2 Duke Energy Indiana LLC 4.950% 3/15/2036 631 621
  Duke Energy Ohio Inc. 5.250% 4/1/2033 5,626 5,754
  Duke Energy Ohio Inc. 5.300% 6/15/2035 8,351 8,464
  Duke Energy Progress LLC 2.000% 8/15/2031 4,907 4,327
  Duke Energy Progress LLC 5.250% 3/15/2033 4,046 4,168
  Duke Energy Progress LLC 5.100% 3/15/2034 4,845 4,933
  Duke Energy Progress LLC 5.050% 3/15/2035 11,223 11,256
  Edison International 5.250% 3/15/2032 7,532 7,458
  Entergy Arkansas LLC 5.150% 1/15/2033 4,345 4,421
  Entergy Arkansas LLC 5.300% 9/15/2033 2,290 2,349
  Entergy Arkansas LLC 5.450% 6/1/2034 4,035 4,157
  Entergy Arkansas LLC 4.950% 1/15/2036 4,594 4,510

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Entergy Corp. 2.400% 6/15/2031 9,926 8,823
2 Entergy Corp. 5.875% 6/15/2056 5,200 5,131
  Entergy Louisiana LLC 3.050% 6/1/2031 5,322 4,951
  Entergy Louisiana LLC 2.350% 6/15/2032 3,873 3,393
  Entergy Louisiana LLC 4.000% 3/15/2033 275 261
  Entergy Louisiana LLC 5.350% 3/15/2034 3,701 3,804
  Entergy Louisiana LLC 5.150% 9/15/2034 4,265 4,302
  Entergy Louisiana LLC 4.900% 4/15/2036 5,848 5,707
  Entergy Mississippi LLC 5.000% 9/1/2033 885 889
  Entergy Mississippi LLC 5.050% 4/15/2036 1,684 1,657
  Entergy Texas Inc. 5.250% 4/15/2035 5,227 5,278
  Essential Utilities Inc. 5.375% 1/15/2034 5,950 6,037
  Essential Utilities Inc. 5.125% 3/15/2036 1,100 1,085
  Evergy Kansas Central Inc. 5.250% 3/15/2035 5,663 5,709
  Evergy Metro Inc. 4.950% 4/15/2033 3,466 3,486
  Evergy Metro Inc. 5.400% 4/1/2034 5,740 5,902
  Evergy Metro Inc. 5.125% 8/15/2035 4,141 4,122
  Eversource Energy 2.550% 3/15/2031 2,655 2,391
  Eversource Energy 5.850% 4/15/2031 6,880 7,190
  Eversource Energy 3.375% 3/1/2032 6,451 5,916
  Eversource Energy 5.125% 5/15/2033 11,318 11,293
  Eversource Energy 5.950% 7/15/2034 7,052 7,350
2 Eversource Energy 6.100% 8/15/2056 3,046 3,007
  Exelon Corp. 5.125% 3/15/2031 8,386 8,539
  Exelon Corp. 3.350% 3/15/2032 460 425
  Exelon Corp. 5.300% 3/15/2033 6,270 6,419
  Exelon Corp. 5.450% 3/15/2034 7,343 7,513
  Exelon Corp. 5.625% 6/15/2035 4,405 4,516
  Exelon Corp. 4.950% 3/15/2036 4,833 4,688
  Exelon Corp. 6.500% 3/15/2055 8,515 8,670
  FirstEnergy Transmission LLC 4.750% 1/15/2033 2,520 2,475
  FirstEnergy Transmission LLC 5.000% 1/15/2035 3,400 3,348
  Florida Power & Light Co. 2.450% 2/3/2032 15,956 14,269
  Florida Power & Light Co. 5.100% 4/1/2033 7,827 7,979
  Florida Power & Light Co. 4.800% 5/15/2033 7,762 7,777
  Florida Power & Light Co. 5.625% 4/1/2034 2,328 2,433
  Florida Power & Light Co. 5.300% 6/15/2034 6,521 6,701
  Florida Power & Light Co. 4.950% 6/1/2035 335 334
  Florida Power & Light Co. 4.700% 2/15/2036 3,832 3,739
  Georgia Power Co. 4.850% 3/15/2031 4,558 4,622
  Georgia Power Co. 4.700% 5/15/2032 4,503 4,512
  Georgia Power Co. 4.950% 5/17/2033 12,201 12,309
  Georgia Power Co. 5.250% 3/15/2034 2,506 2,560
  Georgia Power Co. 5.200% 3/15/2035 14,345 14,560
  Idaho Power Co. 4.850% 3/1/2036 3,215 3,147
  Interstate Power & Light Co. 5.700% 10/15/2033 3,525 3,672
  Interstate Power & Light Co. 4.950% 9/30/2034 2,211 2,177
  Interstate Power & Light Co. 5.600% 6/29/2035 6,305 6,465
  IPALCO Enterprises Inc. 5.750% 4/1/2034 3,290 3,249
  Jersey Central Power & Light Co. 5.100% 1/15/2035 6,234 6,239
2 Kentucky Utilities Co. 5.450% 4/15/2033 3,814 3,937
2 Louisville Gas & Electric Co. 5.450% 4/15/2033 3,605 3,725
  MidAmerican Energy Co. 6.750% 12/30/2031 6,397 7,094
2 MidAmerican Energy Co. 5.750% 11/1/2035 360 378
  National Fuel Gas Co. 5.950% 3/15/2035 6,948 7,198
  National Grid plc 5.809% 6/12/2033 8,332 8,698
  National Grid plc 5.418% 1/11/2034 4,858 4,953
2 National Rural Utilities Cooperative Finance Corp. 5.000% 2/7/2031 5,288 5,394
2 National Rural Utilities Cooperative Finance Corp. 1.650% 6/15/2031 2,524 2,172
  National Rural Utilities Cooperative Finance Corp. 2.750% 4/15/2032 5,330 4,772
  National Rural Utilities Cooperative Finance Corp. 4.150% 12/15/2032 2,485 2,398
  National Rural Utilities Cooperative Finance Corp. 5.800% 1/15/2033 11,801 12,496
  National Rural Utilities Cooperative Finance Corp. 5.000% 8/15/2034 3,078 3,094
  NextEra Energy Capital Holdings Inc. 2.440% 1/15/2032 5,722 5,046
  NextEra Energy Capital Holdings Inc. 5.300% 3/15/2032 17,701 18,148

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  NextEra Energy Capital Holdings Inc. 5.000% 7/15/2032 7,815 7,876
  NextEra Energy Capital Holdings Inc. 5.050% 2/28/2033 6,895 6,964
  NextEra Energy Capital Holdings Inc. 5.250% 3/15/2034 6,877 6,961
  NextEra Energy Capital Holdings Inc. 5.450% 3/15/2035 20,403 20,784
  NextEra Energy Capital Holdings Inc. 6.750% 6/15/2054 7,035 7,294
  NextEra Energy Capital Holdings Inc. 6.375% 8/15/2055 2,500 2,538
2 NextEra Energy Capital Holdings Inc. 6.500% 8/15/2055 8,075 8,323
  NiSource Inc. 5.400% 6/30/2033 3,557 3,644
  NiSource Inc. 5.350% 4/1/2034 6,863 6,983
  NiSource Inc. 5.350% 7/15/2035 14,878 14,991
  NiSource Inc. 6.375% 3/31/2055 4,519 4,615
  NiSource Inc. 5.750% 7/15/2056 8,700 8,554
  Northern States Power Co. 2.250% 4/1/2031 3,277 2,951
  Northern States Power Co. 5.050% 5/15/2035 11,593 11,679
  Northern States Power Co. 4.850% 5/15/2036 1,286 1,270
  Northwest Natural Holding Co. 7.000% 9/15/2055 2,800 2,827
  NSTAR Electric Co. 5.400% 6/1/2034 4,262 4,359
  NSTAR Electric Co. 5.200% 3/1/2035 6,813 6,864
2 Ohio Power Co. 1.625% 1/15/2031 9,898 8,591
  Ohio Power Co. 5.000% 6/1/2033 3,775 3,763
  Ohio Power Co. 5.650% 6/1/2034 5,202 5,345
  Oklahoma Gas & Electric Co. 5.400% 1/15/2033 3,476 3,578
  Oncor Electric Delivery Co. LLC 4.150% 6/1/2032 5,072 4,918
  Oncor Electric Delivery Co. LLC 4.550% 9/15/2032 7,452 7,364
  Oncor Electric Delivery Co. LLC 7.250% 1/15/2033 365 414
  Oncor Electric Delivery Co. LLC 5.650% 11/15/2033 11,873 12,451
  Oncor Electric Delivery Co. LLC 5.350% 4/1/2035 6,465 6,605
  Pacific Gas & Electric Co. 2.500% 2/1/2031 2,784 2,497
  Pacific Gas & Electric Co. 3.250% 6/1/2031 7,784 7,179
  Pacific Gas & Electric Co. 4.400% 3/1/2032 5,521 5,335
  Pacific Gas & Electric Co. 5.900% 6/15/2032 11,406 11,799
  Pacific Gas & Electric Co. 5.050% 10/15/2032 8,230 8,177
  Pacific Gas & Electric Co. 6.150% 1/15/2033 6,635 6,944
  Pacific Gas & Electric Co. 6.400% 6/15/2033 6,597 7,003
  Pacific Gas & Electric Co. 6.950% 3/15/2034 12,300 13,478
  Pacific Gas & Electric Co. 5.800% 5/15/2034 9,178 9,399
  Pacific Gas & Electric Co. 5.700% 3/1/2035 8,426 8,535
  Pacific Gas & Electric Co. 5.200% 5/1/2036 5,567 5,427
  PacifiCorp 5.450% 4/15/2033 3,785 3,795
  PacifiCorp 5.450% 2/15/2034 10,334 10,301
  PECO Energy Co. 4.875% 9/15/2035 8,216 8,138
2 PG&E Wildfire Recovery Funding LLC 3.594% 6/1/2030 785 771
  Piedmont Natural Gas Co. Inc. 2.500% 3/15/2031 6,443 5,812
  Piedmont Natural Gas Co. Inc. 5.400% 6/15/2033 2,764 2,834
  Potomac Electric Power Co. 5.200% 3/15/2034 2,300 2,343
  PPL Capital Funding Inc. 5.250% 9/1/2034 6,516 6,565
  PPL Electric Utilities Corp. 5.000% 5/15/2033 5,128 5,189
  PPL Electric Utilities Corp. 4.850% 2/15/2034 3,835 3,829
  Progress Energy Inc. 7.000% 10/30/2031 6,919 7,609
2 Public Service Co. of Colorado 4.100% 6/1/2032 5,244 5,099
  Public Service Co. of Colorado 5.350% 5/15/2034 5,860 5,964
  Public Service Co. of Colorado 5.150% 9/15/2035 11,029 10,988
  Public Service Co. of New Hampshire 5.350% 10/1/2033 4,986 5,142
  Public Service Co. of Oklahoma 5.200% 1/15/2035 6,829 6,797
2 Public Service Electric & Gas Co. 1.900% 8/15/2031 2,918 2,557
2 Public Service Electric & Gas Co. 3.100% 3/15/2032 9,868 9,091
2 Public Service Electric & Gas Co. 4.900% 12/15/2032 4,210 4,260
2 Public Service Electric & Gas Co. 4.650% 3/15/2033 7,862 7,780
  Public Service Electric & Gas Co. 5.200% 8/1/2033 3,265 3,341
2 Public Service Electric & Gas Co. 5.200% 3/1/2034 4,235 4,307
  Public Service Electric & Gas Co. 4.850% 8/1/2034 6,157 6,110
2 Public Service Electric & Gas Co. 5.050% 3/1/2035 2,206 2,219
  Public Service Electric & Gas Co. 4.900% 8/15/2035 4,403 4,372
  Public Service Enterprise Group Inc. 2.450% 11/15/2031 75 67
  Public Service Enterprise Group Inc. 5.450% 4/1/2034 2,482 2,521

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Public Service Enterprise Group Inc. 5.400% 3/15/2035 5,380 5,440
  Puget Energy Inc. 5.725% 3/15/2035 7,425 7,484
  Puget Sound Energy Inc. 5.330% 6/15/2034 6,025 6,135
2 San Diego Gas & Electric Co. 3.000% 3/15/2032 4,280 3,895
  San Diego Gas & Electric Co. 5.400% 4/15/2035 8,285 8,426
2 San Diego Gas & Electric Co. 5.200% 3/15/2036 5,740 5,723
  Sempra 5.500% 8/1/2033 7,931 8,171
  Sempra 5.250% 3/15/2036 5,426 5,348
  Sempra 6.400% 10/1/2054 12,474 12,404
  Sempra 6.550% 4/1/2055 7,654 7,601
  Sempra 6.375% 4/1/2056 2,226 2,232
  Sierra Pacific Power Co. 6.375% 9/15/2056 3,850 3,803
2 Southern California Edison Co. 2.500% 6/1/2031 4,231 3,778
  Southern California Edison Co. 5.450% 6/1/2031 7,372 7,544
  Southern California Edison Co. 2.750% 2/1/2032 5,751 5,129
  Southern California Edison Co. 5.950% 11/1/2032 7,315 7,673
  Southern California Edison Co. 4.800% 3/15/2033 5,495 5,397
  Southern California Edison Co. 6.000% 1/15/2034 5,285 5,519
  Southern California Edison Co. 5.200% 6/1/2034 8,715 8,655
  Southern California Edison Co. 5.450% 3/1/2035 9,331 9,379
  Southern California Edison Co. 5.625% 2/1/2036 2,670 2,672
  Southern California Gas Co. 5.200% 6/1/2033 3,162 3,223
  Southern California Gas Co. 5.050% 9/1/2034 5,565 5,591
  Southern California Gas Co. 5.450% 6/15/2035 5,510 5,651
  Southern Co. 5.700% 10/15/2032 5,389 5,640
  Southern Co. 5.200% 6/15/2033 12,580 12,713
  Southern Co. 5.700% 3/15/2034 7,168 7,435
  Southern Co. 4.850% 3/15/2035 11,690 11,379
2 Southern Co. 6.375% 3/15/2055 16,457 16,889
  Southern Co. 6.000% 4/1/2058 1,700 1,708
  Southern Co. Gas Capital Corp. 5.150% 9/15/2032 5,764 5,852
  Southern Co. Gas Capital Corp. 5.750% 9/15/2033 4,649 4,832
  Southern Co. Gas Capital Corp. 4.950% 9/15/2034 5,655 5,582
2 Southern Co. Gas Capital Corp. 5.100% 9/15/2035 1,295 1,278
2 Southern Power Co. 4.900% 10/1/2035 2,430 2,357
  Southwest Gas Corp. 4.050% 3/15/2032 5,003 4,780
  Southwestern Electric Power Co. 5.300% 4/1/2033 6,365 6,463
  Southwestern Electric Power Co. 5.200% 4/1/2036 2,583 2,541
  Southwestern Public Service Co. 5.300% 5/15/2035 6,960 6,991
  Spire Inc. 4.600% 9/1/2031 1,250 1,235
  Spire Inc. 6.250% 6/1/2056 2,845 2,808
  Spire Missouri Inc. 4.800% 2/15/2033 3,172 3,163
2 Spire Missouri Inc. 5.150% 8/15/2034 2,702 2,729
  System Energy Resources Inc. 5.300% 12/15/2034 6,106 6,086
  Tampa Electric Co. 5.150% 3/1/2035 4,611 4,621
  Tucson Electric Power Co. 3.250% 5/15/2032 3,319 3,045
  Tucson Electric Power Co. 5.200% 9/15/2034 3,561 3,591
  Union Electric Co. 2.150% 3/15/2032 6,087 5,313
  Union Electric Co. 5.200% 4/1/2034 4,625 4,701
  Union Electric Co. 5.250% 4/15/2035 3,605 3,651
  Union Electric Co. 4.800% 3/15/2036 1,125 1,098
  Virginia Electric & Power Co. 2.300% 11/15/2031 5,972 5,286
  Virginia Electric & Power Co. 2.400% 3/30/2032 4,655 4,105
  Virginia Electric & Power Co. 5.000% 4/1/2033 5,382 5,414
  Virginia Electric & Power Co. 5.300% 8/15/2033 5,904 6,032
  Virginia Electric & Power Co. 5.050% 8/15/2034 6,286 6,280
  Virginia Electric & Power Co. 5.150% 3/15/2035 6,413 6,400
2 Virginia Electric & Power Co. 4.900% 9/15/2035 6,203 6,068
  Virginia Electric & Power Co. 4.950% 3/15/2036 7,770 7,571
  WEC Energy Group Inc. 5.625% 5/15/2056 5,225 5,129
  Wisconsin Electric Power Co. 4.750% 9/30/2032 4,864 4,894
  Wisconsin Electric Power Co. 5.625% 5/15/2033 3,175 3,351
  Wisconsin Electric Power Co. 4.600% 10/1/2034 4,186 4,121
  Wisconsin Power & Light Co. 3.950% 9/1/2032 6,250 5,964
  Wisconsin Power & Light Co. 4.950% 4/1/2033 2,949 2,956

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Wisconsin Power & Light Co. 5.375% 3/30/2034 3,113 3,166
  Xcel Energy Inc. 2.350% 11/15/2031 5,464 4,812
  Xcel Energy Inc. 4.600% 6/1/2032 7,961 7,823
  Xcel Energy Inc. 5.450% 8/15/2033 9,978 10,186
  Xcel Energy Inc. 5.500% 3/15/2034 4,937 5,019
  Xcel Energy Inc. 5.600% 4/15/2035 4,990 5,072
  Xcel Energy Inc. 5.750% 12/3/2056 5,364 5,234
            1,872,208
Total Corporate Bonds (Cost $19,386,216) 19,329,101
Sovereign Bonds (4.4%)
  African Development Bank 4.500% 6/12/2035 11,423 11,555
  African Development Bank 4.125% 1/22/2036 11,051 10,829
2 African Development Bank 5.750% Perpetual 3,105 3,022
2 Asian Development Bank 1.500% 3/4/2031 11,348 10,103
  Asian Development Bank 3.125% 4/27/2032 7,955 7,544
2 Asian Development Bank 3.875% 9/28/2032 11,380 11,215
2 Asian Development Bank 4.000% 1/12/2033 20,130 19,948
2 Asian Development Bank 3.875% 6/14/2033 20,585 20,188
2 Asian Development Bank 4.125% 1/12/2034 25,640 25,461
  Asian Development Bank 4.375% 3/22/2035 17,055 17,159
2 Asian Development Bank 4.250% 1/14/2036 15,656 15,551
  Asian Infrastructure Investment Bank 4.250% 3/13/2034 11,500 11,504
  Asian Infrastructure Investment Bank 4.500% 5/21/2035 4,219 4,281
  Asian Infrastructure Investment Bank 4.125% 1/14/2036 4,892 4,813
  Corp. Andina de Fomento 4.625% 1/15/2036 22,974 22,714
  Equinor ASA 5.125% 6/3/2035 8,000 8,134
  Equinor ASA 4.750% 11/14/2035 6,970 6,863
2 European Bank for Reconstruction & Development 4.250% 3/13/2034 11,920 11,910
  European Investment Bank 1.625% 5/13/2031 15,860 14,143
  European Investment Bank 4.375% 10/10/2031 35,899 36,521
  European Investment Bank 4.250% 8/16/2032 49,315 49,699
  European Investment Bank 3.750% 2/14/2033 49,964 48,780
  European Investment Bank 4.125% 2/13/2034 42,270 41,996
  European Investment Bank 4.625% 2/12/2035 22,723 23,290
  European Investment Bank 4.250% 2/8/2036 56,787 56,389
  European Investment Bank 4.875% 2/15/2036 9,000 9,371
5 Export Development Canada 4.750% 6/5/2034 8,400 8,675
  Export-Import Bank of Korea 2.125% 1/18/2032 9,065 8,065
  Export-Import Bank of Korea 4.500% 9/15/2032 4,240 4,282
  Export-Import Bank of Korea 5.125% 1/11/2033 8,070 8,378
  Export-Import Bank of Korea 5.125% 9/18/2033 5,900 6,135
  Export-Import Bank of Korea 4.625% 1/11/2034 4,000 4,028
  Export-Import Bank of Korea 5.250% 1/14/2035 6,225 6,516
  Export-Import Bank of Korea 4.375% 1/13/2036 3,840 3,748
2 Hong Kong Government International Bond 1.750% 11/24/2031 8,160 7,243
2 Inter-American Development Bank 3.625% 9/17/2031 16,651 16,319
2 Inter-American Development Bank 3.500% 4/12/2033 23,989 23,001
2 Inter-American Development Bank 4.500% 9/13/2033 26,090 26,574
  Inter-American Development Bank 4.375% 7/17/2034 23,347 23,517
2 Inter-American Development Bank 4.375% 7/16/2035 11,688 11,726
  Inter-American Development Bank 4.125% 1/23/2036 30,192 29,604
  International Bank for Reconstruction & Development 4.500% 4/10/2031 40,602 41,569
  International Bank for Reconstruction & Development 1.625% 11/3/2031 51,047 44,940
2 International Bank for Reconstruction & Development 4.625% 1/15/2032 60,035 61,806
  International Bank for Reconstruction & Development 2.500% 3/29/2032 30,931 28,376
  International Bank for Reconstruction & Development 4.000% 5/6/2032 49,925 49,741
  International Bank for Reconstruction & Development 4.750% 11/14/2033 27,785 28,749
  International Bank for Reconstruction & Development 3.875% 8/28/2034 28,538 27,761
2 International Bank for Reconstruction & Development 4.750% 2/15/2035 265 273
  International Bank for Reconstruction & Development 4.375% 8/27/2035 44,722 44,896
6 Japan Bank for International Cooperation 1.875% 4/15/2031 24,802 22,212
6 Japan Bank for International Cooperation 4.625% 4/17/2034 6,266 6,325
2,6 Japan Bank for International Cooperation 4.375% 1/23/2036 13,710 13,456

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
6 Japan International Cooperation Agency 1.750% 4/28/2031 5,263 4,668
7 KFW 4.125% 7/15/2033 39,865 39,723
7 KFW 4.375% 2/28/2034 18,286 18,460
  Korea Development Bank 1.625% 1/19/2031 3,835 3,412
  Korea Development Bank 2.000% 10/25/2031 2,561 2,282
  Korea Development Bank 4.250% 9/8/2032 4,440 4,421
  Korea Development Bank 4.375% 2/15/2033 8,575 8,529
  Korea Development Bank 5.625% 10/23/2033 1,560 1,671
2,7 Landwirtschaftliche Rentenbank 5.000% 10/24/2033 8,980 9,421
2 Oriental Republic of Uruguay 5.750% 10/28/2034 21,089 22,020
2 Oriental Republic of Uruguay 7.625% 3/21/2036 8,500 9,986
  Province of Alberta 4.500% 1/24/2034 12,543 12,588
  Province of Alberta 4.300% 11/2/2035 13,625 13,341
  Province of British Columbia 4.200% 7/6/2033 18,170 17,916
  Province of British Columbia 4.750% 6/12/2034 23,268 23,647
  Province of British Columbia 4.800% 6/11/2035 19,008 19,321
  Province of Manitoba 4.300% 7/27/2033 9,245 9,148
  Province of Manitoba 4.900% 5/31/2034 10,377 10,630
  Province of Ontario 1.800% 10/14/2031 8,685 7,670
2 Province of Ontario 2.125% 1/21/2032 13,603 12,133
  Province of Ontario 5.050% 4/24/2034 15,926 16,551
  Province of Ontario 4.850% 6/11/2035 18,697 19,129
  Province of Ontario 4.450% 11/20/2035 7,120 7,049
  Province of Quebec 1.900% 4/21/2031 8,635 7,762
  Province of Quebec 4.500% 9/8/2033 13,431 13,488
  Province of Quebec 4.250% 9/5/2034 21,371 20,977
  Province of Quebec 4.625% 8/28/2035 23,691 23,753
2 Republic of Chile 4.350% 4/13/2031 5,080 4,981
2 Republic of Chile 2.550% 1/27/2032 12,973 11,476
2 Republic of Chile 2.550% 7/27/2033 19,728 16,816
2 Republic of Chile 3.500% 1/31/2034 15,381 13,873
2 Republic of Chile 4.950% 1/5/2036 16,126 15,936
2 Republic of Indonesia 4.300% 4/16/2031 5,200 5,065
2 Republic of Indonesia 2.150% 7/28/2031 11,680 10,160
2 Republic of Indonesia 3.550% 3/31/2032 6,895 6,374
2 Republic of Indonesia 4.650% 9/20/2032 15,111 14,777
2 Republic of Indonesia 4.850% 1/11/2033 10,475 10,277
2 Republic of Indonesia 4.700% 2/10/2034 8,596 8,298
2 Republic of Indonesia 4.750% 9/10/2034 8,980 8,636
2 Republic of Indonesia 5.600% 1/15/2035 11,983 12,166
2 Republic of Indonesia 4.950% 2/21/2036 10,560 10,167
  Republic of Korea 1.750% 10/15/2031 4,935 4,368
2 Republic of Panama 2.252% 9/29/2032 23,480 19,295
2 Republic of Panama 3.298% 1/19/2033 9,306 8,090
2 Republic of Panama 5.227% 2/23/2034 13,352 12,931
2 Republic of Panama 6.400% 2/14/2035 23,134 24,054
2 Republic of Panama 6.700% 1/26/2036 18,370 19,364
2 Republic of Panama 6.875% 1/31/2036 10,117 10,751
2 Republic of Peru 1.862% 12/1/2032 12,506 10,293
  Republic of Peru 8.750% 11/21/2033 16,942 20,479
2 Republic of Peru 3.000% 1/15/2034 22,993 19,640
2 Republic of Peru 5.375% 2/8/2035 10,746 10,719
2 Republic of Peru 5.500% 3/30/2036 19,000 18,958
2 Republic of Poland 5.750% 11/16/2032 13,583 14,265
2 Republic of Poland 4.875% 10/4/2033 23,380 23,338
2 Republic of Poland 5.125% 9/18/2034 27,551 27,667
2 Republic of Poland 5.375% 2/12/2035 24,482 24,870
  Republic of the Philippines 1.648% 6/10/2031 10,694 9,152
  Republic of the Philippines 4.250% 7/27/2031 6,180 6,032
  Republic of the Philippines 1.950% 1/6/2032 7,515 6,417
  Republic of the Philippines 6.375% 1/15/2032 8,887 9,533
  Republic of the Philippines 3.556% 9/29/2032 6,568 6,062
  Republic of the Philippines 5.609% 4/13/2033 8,069 8,316
  Republic of the Philippines 5.000% 7/17/2033 11,180 11,101
  Republic of the Philippines 5.250% 5/14/2034 12,505 12,512

      Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Republic of the Philippines 6.375% 10/23/2034 15,415 16,582
  Republic of the Philippines 5.500% 2/4/2035 11,873 12,024
  Republic of the Philippines 4.750% 3/5/2035 10,089 9,702
  Republic of the Philippines 5.000% 1/27/2036 14,105 13,705
2 State of Israel 4.500% 1/17/2033 15,948 15,311
2 State of Israel 5.500% 3/12/2034 28,685 29,028
2 State of Israel 5.625% 2/19/2035 23,300 23,663
2 State of Israel 5.000% 1/13/2036 17,755 17,106
2 United Mexican States 2.659% 5/24/2031 27,386 24,175
2 United Mexican States 8.300% 8/15/2031 8,155 9,458
2 United Mexican States 4.750% 4/27/2032 27,896 26,809
2 United Mexican States 5.850% 7/2/2032 35,518 35,894
2 United Mexican States 5.375% 3/22/2033 36,835 35,941
2 United Mexican States 7.500% 4/8/2033 7,649 8,632
2 United Mexican States 4.875% 5/19/2033 18,135 17,172
2 United Mexican States 5.625% 2/9/2034 29,346 28,746
2 United Mexican States 3.500% 2/12/2034 23,305 19,762
2 United Mexican States 6.750% 9/27/2034 15,658 16,615
2 United Mexican States 6.350% 2/9/2035 25,033 25,583
2 United Mexican States 5.625% 9/22/2035 22,330 21,584
Total Sovereign Bonds (Cost $2,331,585) 2,315,295
Taxable Municipal Bonds (0.3%)
  California GO 5.750% 10/1/2031 1,200 1,288
  California GO 4.350% 11/1/2032 2,700 2,692
  California GO 6.000% 3/1/2033 3,100 3,349
  California GO 4.500% 4/1/2033 1,535 1,518
  California GO 7.500% 4/1/2034 19,300 22,172
  California GO 5.150% 9/1/2034 2,575 2,641
  Connecticut GO 5.850% 3/15/2032 9,085 9,675
  Cook County IL GO 6.229% 11/15/2034 925 983
  Florida State Board of Administration Finance Corp. Revenue 2.154% 7/1/2030 12,000 11,045
  Florida State Board of Administration Finance Corp. Revenue 5.526% 7/1/2034 8,300 8,697
  Illinois GO 5.100% 6/1/2033 55,123 56,149
  Illinois State Toll Highway Authority Revenue 6.184% 1/1/2034 3,200 3,402
  Louisiana Local Government Environmental Facilities & Community Development Authority System Restoration Taxable Bonds Revenue 5.081% 6/1/2031 2,058 2,085
  Louisiana Local Government Environmental Facilities & Community Development Authority System Restoration Taxable Bonds Revenue 4.145% 2/1/2033 5,800 5,773
  Massachusetts GO 4.500% 8/1/2031 5,150 5,153
  Massachusetts SO Revenue 4.110% 7/15/2031 866 864
  National Finance Authority NH Revenue 3.300% 4/1/2032 2,650 1,935
  New York State Dormitory Authority Revenue 5.228% 7/1/2035 4,400 4,524
  San Jose California Redevelopment Agency Successor Agency Tax Allocation 3.375% 8/1/2034 775 726
  Texas Natural Gas Securitization Finance Corp. Revenue 5.102% 4/1/2035 7,327 7,505
  Texas Transportation Commission State Highway Revenue 5.178% 4/1/2030 7,280 7,407
  University of California Regents Medical Center Pooled Revenue 4.132% 5/15/2032 3,000 2,952
  Williamsburg VA Economic Development Authority Revenue (Colonial Foundation Project) 4.957% 11/1/2035 535 537
Total Taxable Municipal Bonds (Cost $163,348) 163,072

      Coupon   Shares Market
Value
($000)
Temporary Cash Investments (0.4%)
Money Market Fund (0.4%)
8 Vanguard Market Liquidity Fund (Cost $199,514) 3.687%   1,995,349 199,515
Total Investments (99.3%) (Cost $51,935,195)   51,492,076
Other Assets and Liabilities—Net (0.7%)   353,086
Net Assets (100%)   51,845,162
Cost is in $000.
1 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
2 The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called.
3 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, the aggregate value was $98,144, representing 0.2% of net assets.
4 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of March 31, 2026.
5 Guaranteed by the Government of Canada.
6 Guaranteed by the Government of Japan.
7 Guaranteed by the Federal Republic of Germany.
8 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
  DAC—Designated Activity Company.
  GO—General Obligation Bond.
  REIT—Real Estate Investment Trust.
  SO—Special Obligation.

A.  Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
B.  Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments as of March 31, 2026, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
U.S. Government and Agency Obligations 29,485,093 29,485,093
Corporate Bonds 19,329,101 19,329,101
Sovereign Bonds 2,315,295 2,315,295
Taxable Municipal Bonds 163,072 163,072
Temporary Cash Investments 199,515 199,515
Total 199,515 51,292,561 51,492,076