|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes–45.92%
|
|||
|
Advertising–0.20%
|
|||
|
Lamar Media Corp., 5.38%,
11/01/2033(b)
|
|
$148,000
|
$144,982
|
|
Omnicom Group, Inc.,
|
|
|
|
|
4.20%, 03/02/2029
|
|
28,000
|
27,708
|
|
5.00%, 06/02/2033
|
|
50,000
|
48,854
|
|
5.30%, 06/02/2036
|
|
110,000
|
106,360
|
|
|
|
|
327,904
|
|
Aerospace & Defense–1.08%
|
|||
|
Boeing Co. (The),
|
|
|
|
|
6.26%, 05/01/2027
|
|
3,000
|
3,053
|
|
6.30%, 05/01/2029
|
|
2,000
|
2,100
|
|
6.39%, 05/01/2031
|
|
3,000
|
3,200
|
|
Honeywell Aerospace, Inc.,
|
|
|
|
|
3.90%, 03/16/2028(b)
|
|
307,000
|
304,852
|
|
4.00%, 03/16/2029(b)
|
|
122,000
|
120,892
|
|
4.30%, 03/16/2031(b)
|
|
60,000
|
59,371
|
|
4.60%, 03/16/2033(b)
|
|
71,000
|
70,206
|
|
4.95%, 03/16/2036(b)
|
|
299,000
|
296,784
|
|
5.73%, 03/16/2056(b)
|
|
381,000
|
376,867
|
|
Howmet Aerospace, Inc.,
|
|
|
|
|
3.75%, 03/03/2028
|
|
47,000
|
46,476
|
|
3.90%, 04/15/2029
|
|
13,000
|
12,819
|
|
4.85%, 10/15/2031
|
|
2,000
|
2,024
|
|
4.55%, 11/15/2032
|
|
24,000
|
23,699
|
|
4.75%, 04/15/2036
|
|
39,000
|
37,932
|
|
Huntington Ingalls Industries, Inc.,
5.35%, 01/15/2030
|
|
4,000
|
4,079
|
|
L3Harris Technologies, Inc., 5.40%,
07/31/2033
|
|
1,000
|
1,026
|
|
Lockheed Martin Corp.,
|
|
|
|
|
4.15%, 08/15/2028
|
|
2,000
|
2,002
|
|
4.50%, 02/15/2029
|
|
3,000
|
3,026
|
|
4.40%, 08/15/2030
|
|
3,000
|
3,003
|
|
RTX Corp.,
|
|
|
|
|
5.75%, 01/15/2029
|
|
2,000
|
2,075
|
|
6.00%, 03/15/2031
|
|
3,000
|
3,190
|
|
5.15%, 02/27/2033
|
|
2,000
|
2,041
|
|
TransDigm, Inc.,
|
|
|
|
|
6.75%, 08/15/2028(b)
|
|
31,000
|
31,415
|
|
6.38%, 03/01/2029(b)
|
|
208,000
|
212,142
|
|
6.38%, 05/31/2033(b)
|
|
152,000
|
151,310
|
|
|
|
|
1,775,584
|
|
Agricultural & Farm Machinery–0.23%
|
|||
|
AGCO Corp., 5.45%, 03/21/2027
|
|
2,000
|
2,014
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
4,000
|
4,019
|
|
Deere Funding Canada Corp., 4.15%,
10/09/2030
|
|
5,000
|
4,939
|
|
Imperial Brands Finance PLC (United
Kingdom), 5.63%, 07/01/2035(b)
|
|
200,000
|
201,771
|
|
|
Principal
Amount
|
Value
|
|
|
Agricultural & Farm Machinery–(continued)
|
|||
|
John Deere Capital Corp.,
|
|
|
|
|
Series I,
3.90%, 03/09/2029
|
|
$78,000
|
$77,516
|
|
4.20%, 03/10/2031
|
|
81,000
|
80,259
|
|
4.38%, 10/15/2030
|
|
5,000
|
4,995
|
|
5.10%, 04/11/2034
|
|
1,000
|
1,019
|
|
|
|
|
376,532
|
|
Agricultural Products & Services–0.01%
|
|||
|
Bunge Ltd. Finance Corp.,
|
|
|
|
|
4.55%, 08/04/2030
|
|
5,000
|
4,979
|
|
5.15%, 08/04/2035
|
|
1,000
|
996
|
|
Cargill, Inc.,
|
|
|
|
|
4.13%, 10/23/2030(b)
|
|
3,000
|
2,957
|
|
5.38%, 10/23/2055(b)
|
|
2,611
|
2,467
|
|
|
|
|
11,399
|
|
Air Freight & Logistics–0.00%
|
|||
|
GXO Logistics, Inc., 6.25%,
05/06/2029
|
|
2,000
|
2,075
|
|
United Parcel Service, Inc.,
|
|
|
|
|
4.65%, 10/15/2030
|
|
2,000
|
2,030
|
|
5.25%, 05/14/2035
|
|
1,000
|
1,023
|
|
|
|
|
5,128
|
|
Apparel, Accessories & Luxury Goods–0.00%
|
|||
|
Gildan Activewear, Inc. (Canada),
4.70%, 10/07/2030(b)
|
|
5,000
|
4,949
|
|
Application Software–0.68%
|
|||
|
Black Pearl Compute LLC, 6.13%,
02/15/2031(b)
|
|
138,000
|
140,628
|
|
Roper Technologies, Inc.,
|
|
|
|
|
4.25%, 09/15/2028
|
|
3,000
|
2,981
|
|
4.50%, 10/15/2029
|
|
4,000
|
3,978
|
|
4.45%, 09/15/2030
|
|
4,000
|
3,941
|
|
4.75%, 02/15/2032
|
|
3,000
|
2,966
|
|
5.10%, 09/15/2035
|
|
1,000
|
973
|
|
Salesforce, Inc.,
|
|
|
|
|
4.90%, 09/15/2031
|
|
446,000
|
445,474
|
|
5.55%, 03/15/2036
|
|
372,000
|
370,983
|
|
6.40%, 03/15/2046
|
|
128,000
|
128,966
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
19,000
|
19,027
|
|
|
|
|
1,119,917
|
|
Asset Management & Custody Banks–0.03%
|
|||
|
Affiliated Managers Group, Inc.,
5.50%, 08/20/2034
|
|
1,000
|
994
|
|
Ameriprise Financial, Inc.,
|
|
|
|
|
5.70%, 12/15/2028
|
|
3,000
|
3,102
|
|
5.15%, 05/15/2033
|
|
1,000
|
1,018
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks–(continued)
|
|||
|
Bank of New York Mellon Corp. (The),
|
|
|
|
|
4.35% (SOFR + 0.68%),
06/09/2028(c)
|
|
$3,000
|
$3,006
|
|
4.89%, 07/21/2028(d)
|
|
2,000
|
2,016
|
|
4.98%, 03/14/2030(d)
|
|
1,000
|
1,017
|
|
5.06%, 07/22/2032(d)
|
|
2,000
|
2,039
|
|
5.83%, 10/25/2033(d)
|
|
2,000
|
2,121
|
|
Series J, 4.97%, 04/26/2034(d)
|
|
1,000
|
1,003
|
|
Series I, 3.75%(d)(e)
|
|
1,000
|
978
|
|
Citadel L.P.,
|
|
|
|
|
6.00%, 01/23/2030(b)
|
|
4,000
|
4,123
|
|
6.38%, 01/23/2032(b)
|
|
2,000
|
2,074
|
|
Northern Trust Corp.,
|
|
|
|
|
4.15%, 11/19/2030
|
|
5,000
|
4,957
|
|
6.13%, 11/02/2032
|
|
2,000
|
2,134
|
|
5.12%, 11/19/2040(d)
|
|
1,000
|
974
|
|
State Street Corp., 6.12%,
11/21/2034(d)
|
|
1,000
|
1,057
|
|
Voya Global Funding, 4.60%,
11/24/2030(b)
|
|
15,000
|
14,792
|
|
|
|
|
47,405
|
|
Automobile Manufacturers–2.86%
|
|||
|
Daimler Truck Finance North America LLC
(Germany),
|
|
|
|
|
4.65%, 10/12/2030(b)
|
|
150,000
|
149,100
|
|
5.00%, 10/12/2032(b)
|
|
425,000
|
421,543
|
|
5.63%, 01/13/2035(b)
|
|
116,000
|
117,831
|
|
Ford Motor Credit Co. LLC,
|
|
|
|
|
6.95%, 06/10/2026
|
|
242,000
|
242,578
|
|
7.35%, 11/04/2027
|
|
209,000
|
215,773
|
|
5.92%, 03/20/2028
|
|
200,000
|
202,611
|
|
6.80%, 05/12/2028
|
|
339,000
|
349,285
|
|
6.80%, 11/07/2028
|
|
200,000
|
207,083
|
|
7.20%, 06/10/2030
|
|
49,000
|
51,646
|
|
5.42%, 04/09/2031
|
|
238,000
|
233,799
|
|
Hyundai Capital America,
|
|
|
|
|
4.88%, 06/23/2027(b)
|
|
2,000
|
2,009
|
|
5.00%, 01/07/2028(b)
|
|
1,000
|
1,007
|
|
5.60%, 03/30/2028(b)
|
|
2,000
|
2,038
|
|
4.60%, 04/06/2028(b)
|
|
404,000
|
403,997
|
|
5.35%, 03/19/2029(b)
|
|
3,000
|
3,056
|
|
4.75%, 04/06/2029(b)
|
|
249,000
|
249,143
|
|
5.30%, 01/08/2030(b)
|
|
1,000
|
1,015
|
|
5.80%, 04/01/2030(b)
|
|
1,000
|
1,034
|
|
5.00%, 04/07/2031(b)
|
|
189,000
|
189,244
|
|
Hyundai Capital Services, Inc. (South
Korea), 5.25%, 01/22/2028(b)
|
|
201,000
|
203,648
|
|
Mercedes-Benz Finance North America LLC
(Germany),
|
|
|
|
|
4.13%, 03/10/2028(b)
|
|
262,000
|
260,910
|
|
5.10%, 08/03/2028(b)
|
|
256,000
|
259,993
|
|
4.85%, 01/11/2029(b)
|
|
145,000
|
146,305
|
|
PACCAR Financial Corp.,
|
|
|
|
|
Series R, 3.90%, 02/05/2029
|
|
68,000
|
67,499
|
|
4.00%, 09/26/2029
|
|
2,000
|
1,988
|
|
|
Principal
Amount
|
Value
|
|
|
Automobile Manufacturers–(continued)
|
|||
|
Toyota Motor Credit Corp.,
|
|
|
|
|
Series B,
4.05%, 03/13/2029
|
|
$157,000
|
$156,099
|
|
4.60%, 03/11/2033
|
|
106,000
|
104,394
|
|
4.55%, 08/09/2029
|
|
2,000
|
2,013
|
|
5.10%, 03/21/2031
|
|
1,000
|
1,023
|
|
Volkswagen Group of America Finance LLC
(Germany),
|
|
|
|
|
5.25%, 03/22/2029(b)
|
|
200,000
|
202,438
|
|
5.60%, 03/22/2034(b)
|
|
236,000
|
235,769
|
|
|
|
|
4,685,871
|
|
Automotive Parts & Equipment–0.54%
|
|||
|
American Axle & Manufacturing, Inc.,
|
|
|
|
|
6.38%, 10/15/2032(b)
|
|
56,000
|
55,471
|
|
7.75%, 10/15/2033(b)
|
|
18,000
|
17,534
|
|
Clarios Global L.P./Clarios US Finance
Co., 6.75%, 02/15/2030(b)
|
|
44,000
|
45,021
|
|
ERAC USA Finance LLC,
|
|
|
|
|
5.00%, 02/15/2029(b)
|
|
3,000
|
3,049
|
|
4.90%, 05/01/2033(b)
|
|
2,000
|
2,005
|
|
Magna International, Inc. (Canada),
5.88%, 06/01/2035
|
|
1,000
|
1,036
|
|
ZF North America Capital, Inc. (Germany),
|
|
|
|
|
6.88%, 04/14/2028(b)
|
|
150,000
|
152,236
|
|
7.13%, 04/14/2030(b)
|
|
85,000
|
83,872
|
|
6.75%, 04/23/2030(b)
|
|
86,000
|
83,255
|
|
7.50%, 03/24/2031(b)
|
|
256,000
|
251,671
|
|
6.88%, 04/23/2032(b)
|
|
203,000
|
193,060
|
|
|
|
|
888,210
|
|
Automotive Retail–0.62%
|
|||
|
Advance Auto Parts, Inc.,
|
|
|
|
|
7.00%, 08/01/2030(b)
|
|
43,000
|
43,590
|
|
7.38%, 08/01/2033(b)
|
|
64,000
|
64,874
|
|
AutoZone, Inc., 5.20%, 08/01/2033
|
|
1,000
|
1,013
|
|
BMW US Capital LLC (Germany),
|
|
|
|
|
4.40%, 03/19/2029(b)
|
|
356,000
|
355,403
|
|
4.50%, 08/11/2030(b)
|
|
4,000
|
3,956
|
|
4.65%, 03/19/2031(b)
|
|
242,000
|
240,334
|
|
5.00%, 03/19/2033(b)
|
|
134,000
|
132,513
|
|
Lithia Motors, Inc., 5.50%,
10/01/2030(b)
|
|
180,000
|
176,483
|
|
|
|
|
1,018,166
|
|
Biotechnology–0.00%
|
|||
|
AbbVie, Inc., 4.80%, 03/15/2029
|
|
3,000
|
3,049
|
|
Amgen, Inc., 5.15%, 03/02/2028
|
|
3,000
|
3,045
|
|
Gilead Sciences, Inc., 5.25%,
10/15/2033
|
|
1,000
|
1,035
|
|
|
|
|
7,129
|
|
Brewers–0.06%
|
|||
|
Maple Parent Holdings Corp., 4.75%,
03/26/2029(b)
|
|
90,000
|
90,006
|
|
Broadcasting–0.22%
|
|||
|
Nexstar Media, Inc.,
|
|
|
|
|
6.50%, 09/15/2033(b)
|
|
260,000
|
262,138
|
|
7.25%, 04/15/2034(b)
|
|
103,000
|
103,416
|
|
|
|
|
365,554
|
|
|
Principal
Amount
|
Value
|
|
|
Broadline Retail–0.84%
|
|||
|
Amazon.com, Inc.,
|
|
|
|
|
4.25%, 03/13/2031(f)
|
|
$297,000
|
$294,878
|
|
4.88%, 03/13/2036
|
|
464,000
|
459,951
|
|
5.65%, 03/13/2046
|
|
289,000
|
288,171
|
|
5.80%, 03/13/2056
|
|
334,000
|
333,967
|
|
|
|
|
1,376,967
|
|
Building Products–0.01%
|
|||
|
CRH America Finance, Inc., 4.40%,
02/09/2031
|
|
6,000
|
5,916
|
|
Lennox International, Inc., 5.50%,
09/15/2028
|
|
2,000
|
2,038
|
|
|
|
|
7,954
|
|
Cable & Satellite–0.03%
|
|||
|
CCO Holdings LLC/CCO Holdings Capital
Corp.,
|
|
|
|
|
6.38%, 09/01/2029(b)
|
|
31,000
|
31,115
|
|
7.38%, 03/01/2031(b)
|
|
9,000
|
9,167
|
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
Corp., 5.85%, 12/01/2035
|
|
1,000
|
984
|
|
|
|
|
41,266
|
|
Cargo Ground Transportation–0.05%
|
|||
|
Fedex Freight Holding Co., Inc.,
|
|
|
|
|
4.30%, 03/15/2029(b)
|
|
13,000
|
12,847
|
|
4.65%, 03/15/2031(b)
|
|
19,000
|
18,683
|
|
4.95%, 03/15/2033(b)
|
|
6,000
|
5,854
|
|
5.25%, 03/15/2036(b)
|
|
14,000
|
13,550
|
|
Penske Truck Leasing Co. L.P./PTL Finance
Corp.,
|
|
|
|
|
5.75%, 05/24/2026(b)
|
|
3,000
|
3,003
|
|
5.35%, 01/12/2027(b)
|
|
2,000
|
2,011
|
|
5.70%, 02/01/2028(b)
|
|
3,000
|
3,048
|
|
5.55%, 05/01/2028(b)
|
|
1,000
|
1,017
|
|
6.05%, 08/01/2028(b)
|
|
1,000
|
1,029
|
|
5.25%, 02/01/2030(b)
|
|
3,000
|
3,046
|
|
4.55%, 01/15/2031(b)
|
|
18,000
|
17,819
|
|
Ryder System, Inc., 4.90%,
12/01/2029
|
|
2,000
|
2,024
|
|
|
|
|
83,931
|
|
Commercial & Residential Mortgage Finance–0.15%
|
|||
|
Aviation Capital Group LLC,
|
|
|
|
|
6.25%, 04/15/2028(b)
|
|
2,000
|
2,057
|
|
6.75%, 10/25/2028(b)
|
|
3,000
|
3,142
|
|
4.25%, 04/30/2029(b)
|
|
8,000
|
7,886
|
|
4.80%, 10/24/2030(b)
|
|
4,000
|
3,959
|
|
Nationwide Building Society (United
Kingdom), 6.56%,
10/18/2027(b)(d)
|
|
200,000
|
202,278
|
|
Radian Group, Inc., 6.20%,
05/15/2029
|
|
2,000
|
2,068
|
|
Rocket Cos., Inc., 6.13%,
08/01/2030(b)
|
|
19,000
|
19,187
|
|
|
|
|
240,577
|
|
Computer & Electronics Retail–0.03%
|
|||
|
Dell International LLC/EMC Corp.,
5.50%, 04/01/2035
|
|
1,000
|
1,012
|
|
|
Principal
Amount
|
Value
|
|
|
Computer & Electronics Retail–(continued)
|
|||
|
Leidos, Inc.,
|
|
|
|
|
4.10%, 03/15/2029
|
|
$53,000
|
$52,488
|
|
5.75%, 03/15/2033
|
|
3,000
|
3,111
|
|
|
|
|
56,611
|
|
Construction Machinery & Heavy Transportation Equipment–
0.33%
|
|||
|
Caterpillar Financial Services Corp.,
|
|
|
|
|
3.75%, 02/23/2029
|
|
222,000
|
219,399
|
|
4.16% (SOFR + 0.49%),
02/23/2029(c)
|
|
115,000
|
114,799
|
|
Cummins, Inc., 4.70%, 02/15/2031
|
|
5,000
|
5,054
|
|
Komatsu Finance America, Inc.,
4.20%, 09/18/2030(b)
|
|
200,000
|
197,037
|
|
Westinghouse Air Brake Technologies
Corp., 4.90%, 05/29/2030
|
|
2,000
|
2,022
|
|
|
|
|
538,311
|
|
Construction Materials–0.00%
|
|||
|
JH North America Holdings, Inc.,
|
|
|
|
|
5.88%, 01/31/2031(b)
|
|
2,000
|
1,985
|
|
6.13%, 07/31/2032(b)
|
|
2,000
|
1,995
|
|
|
|
|
3,980
|
|
Consumer Electronics–0.06%
|
|||
|
LG Electronics, Inc. (South Korea),
5.63%, 04/24/2029(b)
|
|
100,000
|
102,990
|
|
Consumer Finance–0.09%
|
|||
|
American Express Co.,
|
|
|
|
|
5.65%, 04/23/2027(d)
|
|
1,000
|
1,001
|
|
4.73%, 04/25/2029(d)
|
|
2,000
|
2,013
|
|
4.93% (SOFR + 1.26%),
04/25/2029(c)
|
|
3,000
|
3,032
|
|
4.35%, 07/20/2029(d)
|
|
5,000
|
4,997
|
|
4.48% (SOFR + 0.81%),
07/20/2029(c)
|
|
3,000
|
3,000
|
|
5.53%, 04/25/2030(d)
|
|
2,000
|
2,060
|
|
5.02%, 04/25/2031(d)
|
|
2,000
|
2,034
|
|
4.92%, 07/20/2033(d)
|
|
4,000
|
4,009
|
|
5.67%, 04/25/2036(d)
|
|
1,000
|
1,034
|
|
4.80%, 10/24/2036(d)
|
|
1,000
|
967
|
|
Capital One Financial Corp.,
|
|
|
|
|
7.15%, 10/29/2027(d)
|
|
2,000
|
2,028
|
|
4.49%, 09/11/2031(d)
|
|
3,000
|
2,946
|
|
4.72%, 01/30/2032(d)
|
|
54,000
|
53,196
|
|
FirstCash, Inc., 6.88%,
03/01/2032(b)
|
|
67,000
|
68,371
|
|
General Motors Financial Co., Inc.,
5.40%, 04/06/2026
|
|
2,000
|
2,000
|
|
Synchrony Financial, 5.02%,
07/29/2029(d)
|
|
1,000
|
999
|
|
|
|
|
153,687
|
|
Distillers & Vintners–0.00%
|
|||
|
Constellation Brands, Inc.,
|
|
|
|
|
4.80%, 05/01/2030
|
|
3,000
|
3,019
|
|
4.90%, 05/01/2033
|
|
1,000
|
987
|
|
|
|
|
4,006
|
|
|
Principal
Amount
|
Value
|
|
|
Distributors–0.00%
|
|||
|
Genuine Parts Co.,
|
|
|
|
|
6.50%, 11/01/2028
|
|
$3,000
|
$3,114
|
|
4.95%, 08/15/2029
|
|
4,000
|
3,987
|
|
|
|
|
7,101
|
|
Diversified Banks–11.65%
|
|||
|
Australia and New Zealand Banking
Group Ltd. (Australia), 6.74%,
12/08/2032(b)
|
|
387,000
|
419,851
|
|
Banco Bilbao Vizcaya Argentaria S.A. (Spain),
|
|
|
|
|
4.15%, 03/03/2029
|
|
200,000
|
197,718
|
|
4.55% (SOFR + 0.88%),
03/03/2029(c)
|
|
200,000
|
200,085
|
|
9.38%(d)(e)
|
|
200,000
|
216,228
|
|
Banco Santander S.A. (Spain),
|
|
|
|
|
5.07%, 11/06/2030
|
|
400,000
|
394,442
|
|
5.13%, 11/06/2035
|
|
200,000
|
195,069
|
|
9.63%(d)(e)
|
|
200,000
|
215,538
|
|
9.63%(d)(e)
|
|
200,000
|
230,999
|
|
Bank of America Corp.,
|
|
|
|
|
4.72% (SOFR + 1.05%),
02/04/2028(c)
|
|
2,000
|
2,007
|
|
4.95%, 07/22/2028(d)
|
|
2,000
|
2,013
|
|
4.50% (SOFR + 0.83%),
01/24/2029(c)
|
|
3,000
|
3,000
|
|
5.20%, 04/25/2029(d)
|
|
1,000
|
1,014
|
|
4.62%, 05/09/2029(d)
|
|
1,000
|
1,004
|
|
4.27%, 07/23/2029(d)
|
|
1,000
|
996
|
|
4.68% (SOFR + 1.01%),
01/24/2031(c)
|
|
2,000
|
1,995
|
|
5.16%, 01/24/2031(d)
|
|
4,000
|
4,077
|
|
4.46%, 02/06/2032(d)
|
|
104,000
|
102,721
|
|
5.43%, 08/15/2035(d)
|
|
1,000
|
998
|
|
7.75%, 05/14/2038
|
|
98,000
|
116,499
|
|
6.63%(d)(e)
|
|
4,000
|
4,104
|
|
Series N, 4.54% (SOFR + 0.87%),
02/06/2032(c)
|
|
132,000
|
130,008
|
|
Series RR, 4.38%(d)(e)
|
|
6,000
|
5,931
|
|
Bank of Montreal (Canada),
|
|
|
|
|
5.30%, 06/05/2026
|
|
2,000
|
2,005
|
|
7.70%, 05/26/2084(d)
|
|
365,000
|
375,094
|
|
7.30%, 11/26/2084(d)
|
|
207,000
|
211,962
|
|
Series J, 4.34%, 03/19/2030(d)
|
|
112,000
|
111,525
|
|
Bank of New York Mellon (The), 4.38%
(SOFR + 0.71%), 04/20/2027(c)
|
|
260,000
|
260,069
|
|
Bank of Nova Scotia (The) (Canada),
|
|
|
|
|
8.63%, 10/27/2082(d)
|
|
306,000
|
318,246
|
|
8.00%, 01/27/2084(d)
|
|
54,000
|
56,578
|
|
Barclays PLC (United Kingdom),
|
|
|
|
|
4.22%, 05/24/2030(d)
|
|
200,000
|
196,985
|
|
4.60% (SOFR + 0.93%),
05/24/2030(c)
|
|
200,000
|
199,545
|
|
4.52%, 02/24/2032(d)
|
|
201,000
|
196,725
|
|
BPCE S.A. (France),
|
|
|
|
|
6.29%, 01/14/2036(b)(d)
|
|
250,000
|
261,818
|
|
6.35%, 01/13/2047(b)(d)
|
|
250,000
|
239,431
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Citigroup, Inc.,
|
|
|
|
|
4.82% (SOFR + 1.14%),
05/07/2028(c)
|
|
$4,000
|
$4,018
|
|
5.17%, 02/13/2030(d)
|
|
3,000
|
3,047
|
|
4.54%, 09/19/2030(d)
|
|
3,000
|
2,990
|
|
5.14% (SOFR + 1.46%),
05/07/2031(c)
|
|
6,000
|
6,082
|
|
4.50%, 09/11/2031(d)
|
|
6,000
|
5,933
|
|
6.17%, 05/25/2034(d)
|
|
1,000
|
1,036
|
|
5.41%, 09/19/2039(d)
|
|
1,000
|
977
|
|
6.63%(d)(e)
|
|
219,000
|
219,313
|
|
Series AA, 7.63%(d)(e)
|
|
51,000
|
52,770
|
|
Series BB, 7.20%(d)(e)
|
|
60,000
|
61,305
|
|
Series DD, 7.00%(d)(e)
|
|
107,000
|
110,185
|
|
Series JJ, 6.50%(d)(e)(f)
|
|
488,000
|
486,970
|
|
Series Z, 7.38%(d)(e)
|
|
51,000
|
52,727
|
|
Commonwealth Bank of Australia
(Australia), Series C, 4.36%,
03/27/2029
|
|
254,000
|
254,773
|
|
Cooperatieve Rabobank U.A.
(Netherlands), 3.96%,
10/17/2028
|
|
250,000
|
249,110
|
|
Credit Agricole S.A. (France),
|
|
|
|
|
5.22%, 05/27/2031(b)(d)
|
|
250,000
|
253,133
|
|
4.82%, 09/25/2033(b)(d)
|
|
296,000
|
290,093
|
|
Danske Bank A/S (Denmark),
|
|
|
|
|
4.66%, 03/27/2029(b)(d)
|
|
200,000
|
200,474
|
|
5.00%, 03/27/2032(b)(d)
|
|
200,000
|
200,592
|
|
Depository Trust Co. (The), 4.30%,
03/27/2029(b)
|
|
261,000
|
261,248
|
|
Deutsche Bank AG (Germany), 4.47%,
12/10/2031(d)
|
|
156,000
|
153,429
|
|
Fifth Third Bancorp,
|
|
|
|
|
6.34%, 07/27/2029(d)
|
|
2,000
|
2,074
|
|
4.77%, 07/28/2030(d)
|
|
2,000
|
2,001
|
|
5.63%, 01/29/2032(d)
|
|
1,000
|
1,031
|
|
4.57%, 04/29/2032(d)
|
|
50,000
|
49,025
|
|
5.14%, 01/29/2037(d)
|
|
2,000
|
1,949
|
|
Fifth Third Financial Corp., 5.98%,
01/30/2030(d)
|
|
3,000
|
3,096
|
|
HSBC Holdings PLC (United Kingdom),
|
|
|
|
|
5.60%, 05/17/2028(d)
|
|
224,000
|
226,552
|
|
5.21%, 08/11/2028(d)
|
|
207,000
|
208,722
|
|
4.40%, 03/10/2030(d)
|
|
202,000
|
200,543
|
|
5.29%, 11/19/2030(d)
|
|
256,000
|
260,700
|
|
5.24%, 05/13/2031(d)
|
|
213,000
|
216,050
|
|
4.68%, 03/10/2032(d)
|
|
201,000
|
198,380
|
|
5.28%, 03/10/2037(d)
|
|
216,000
|
212,201
|
|
6.33%, 03/09/2044(d)
|
|
36,000
|
37,974
|
|
6.88%(d)(e)
|
|
216,000
|
217,598
|
|
7.05%(d)(e)
|
|
232,000
|
233,856
|
|
ING Groep N.V. (Netherlands),
|
|
|
|
|
5.34%, 03/19/2030(d)
|
|
200,000
|
204,277
|
|
4.80%, 03/23/2032(d)
|
|
271,000
|
269,457
|
|
5.42%, 03/23/2037(d)
|
|
254,000
|
253,360
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
JPMorgan Chase & Co.,
|
|
|
|
|
3.63%, 12/01/2027
|
|
$2,000
|
$1,978
|
|
5.57%, 04/22/2028(d)
|
|
3,000
|
3,037
|
|
4.85%, 07/25/2028(d)
|
|
2,000
|
2,010
|
|
4.92%, 01/24/2029(d)
|
|
2,000
|
2,018
|
|
5.30%, 07/24/2029(d)
|
|
1,000
|
1,019
|
|
6.09%, 10/23/2029(d)
|
|
2,000
|
2,078
|
|
5.01%, 01/23/2030(d)
|
|
2,000
|
2,028
|
|
5.58%, 04/22/2030(d)
|
|
1,000
|
1,031
|
|
5.00%, 07/22/2030(d)
|
|
2,000
|
2,030
|
|
4.60%, 10/22/2030(d)
|
|
3,000
|
3,007
|
|
5.14%, 01/24/2031(d)
|
|
3,000
|
3,056
|
|
5.10%, 04/22/2031(d)
|
|
5,000
|
5,092
|
|
4.26%, 10/22/2031(d)
|
|
5,000
|
4,923
|
|
4.35%, 01/22/2032(d)
|
|
35,000
|
34,513
|
|
5.72%, 09/14/2033(d)
|
|
2,000
|
2,072
|
|
5.34%, 01/23/2035(d)
|
|
1,000
|
1,016
|
|
Series W, 4.91% (3 mo. Term SOFR
+ 1.26%), 05/15/2047(c)
|
|
1,000
|
881
|
|
Series NN, 6.88%(d)(e)
|
|
2,000
|
2,076
|
|
KeyCorp,
|
|
|
|
|
2.55%, 10/01/2029
|
|
3,000
|
2,805
|
|
5.31%, 01/28/2037(d)
|
|
1,000
|
980
|
|
Lloyds Banking Group PLC (United Kingdom),
|
|
|
|
|
4.43%, 11/04/2031(d)
|
|
211,000
|
208,105
|
|
6.63%(d)(e)
|
|
200,000
|
191,067
|
|
Macquarie Bank Ltd. (Australia),
4.15% (SOFR + 0.48%),
02/03/2028(b)(c)
|
|
59,000
|
58,900
|
|
Manufacturers & Traders Trust Co.,
4.70%, 01/27/2028
|
|
230,000
|
231,434
|
|
Mitsubishi UFJ Financial Group, Inc. (Japan),
|
|
|
|
|
5.15% (SOFR + 1.48%),
04/24/2031(c)
|
|
200,000
|
203,320
|
|
5.16%, 04/24/2031(d)
|
|
200,000
|
202,917
|
|
4.53%, 09/12/2031(d)
|
|
200,000
|
198,189
|
|
5.43%, 04/17/2035(d)
|
|
92,000
|
93,634
|
|
5.57%, 01/16/2036(d)
|
|
60,000
|
61,425
|
|
5.19%, 09/12/2036(d)
|
|
200,000
|
198,661
|
|
6.35%(d)(e)
|
|
256,000
|
252,627
|
|
8.20%(d)(e)
|
|
158,000
|
169,218
|
|
Morgan Stanley Private Bank N.A.,
|
|
|
|
|
4.47%, 07/06/2028(d)
|
|
250,000
|
250,046
|
|
4.21%, 02/08/2030(d)
|
|
250,000
|
247,502
|
|
4.44% (SOFR + 0.77%),
02/08/2030(c)
|
|
475,000
|
471,232
|
|
4.73%, 07/18/2031(d)
|
|
250,000
|
249,274
|
|
National Australia Bank Ltd. (Australia),
5.90%, 01/14/2036(b)(d)
|
|
198,000
|
203,492
|
|
NatWest Markets PLC (United Kingdom),
4.65%, 03/27/2029(b)
|
|
200,000
|
200,579
|
|
Nordea Bank Abp (Finland),
|
|
|
|
|
4.25%, 08/28/2030(b)(f)
|
|
345,000
|
341,857
|
|
6.30%(b)(d)(e)
|
|
200,000
|
199,072
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
PNC Financial Services Group, Inc. (The),
|
|
|
|
|
6.62%, 10/20/2027(d)
|
|
$1,000
|
$1,012
|
|
4.08%, 01/26/2029(d)
|
|
31,000
|
30,848
|
|
4.29% (SOFR + 0.62%),
01/26/2029(c)
|
|
53,000
|
52,967
|
|
5.58%, 06/12/2029(d)
|
|
1,000
|
1,025
|
|
4.90%, 05/13/2031(d)
|
|
2,000
|
2,013
|
|
5.07%, 01/24/2034(d)
|
|
1,000
|
1,000
|
|
5.37%, 07/21/2036(d)
|
|
1,000
|
1,005
|
|
5.42%, 01/25/2041(d)
|
|
1,000
|
980
|
|
Series V, 6.20%(d)(e)
|
|
3,000
|
3,008
|
|
Series W, 6.25%(d)(e)
|
|
3,000
|
3,028
|
|
Royal Bank of Canada (Canada),
|
|
|
|
|
4.38% (SOFR + 0.71%),
01/21/2027(c)
|
|
2,000
|
2,007
|
|
4.95%, 02/01/2029
|
|
2,000
|
2,035
|
|
5.00%, 02/01/2033
|
|
1,000
|
1,008
|
|
7.50%, 05/02/2084(d)
|
|
338,000
|
346,420
|
|
6.50%, 11/24/2085(d)
|
|
211,000
|
204,036
|
|
6.50%, 05/24/2086(d)
|
|
143,000
|
139,455
|
|
Standard Chartered PLC (United Kingdom),
|
|
|
|
|
6.19%, 07/06/2027(b)(d)
|
|
200,000
|
200,812
|
|
5.01%, 10/15/2030(b)(d)
|
|
200,000
|
201,803
|
|
5.24%, 05/13/2031(b)(d)
|
|
200,000
|
202,889
|
|
5.35% (SOFR + 1.68%),
05/13/2031(b)(c)
|
|
200,000
|
204,430
|
|
7.75%(b)(d)(e)
|
|
288,000
|
294,755
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan),
|
|
|
|
|
5.33%, 03/03/2041(d)
|
|
176,000
|
170,761
|
|
6.60%(d)(e)
|
|
285,000
|
281,749
|
|
Sumitomo Mitsui Trust Bank Ltd.
(Japan), 5.35%, 03/07/2034(b)
|
|
200,000
|
204,019
|
|
Swedbank AB (Sweden), 4.90%,
03/30/2031(b)
|
|
200,000
|
200,840
|
|
Toronto-Dominion Bank (The) (Canada),
8.13%, 10/31/2082(d)
|
|
247,000
|
254,971
|
|
Truist Bank, 4.44% (SOFR + 0.77%),
07/24/2028(c)
|
|
368,000
|
368,307
|
|
U.S. Bancorp,
|
|
|
|
|
5.78%, 06/12/2029(d)
|
|
3,000
|
3,086
|
|
5.38%, 01/23/2030(d)
|
|
3,000
|
3,073
|
|
4.48%, 01/26/2032(d)
|
|
58,000
|
57,408
|
|
UBS AG (Switzerland),
|
|
|
|
|
4.17% (SOFR + 0.50%),
05/17/2027(c)
|
|
250,000
|
249,904
|
|
4.30%, 03/16/2029(d)
|
|
253,000
|
252,728
|
|
Wells Fargo & Co.,
|
|
|
|
|
5.71%, 04/22/2028(d)
|
|
2,000
|
2,026
|
|
4.81%, 07/25/2028(d)
|
|
2,000
|
2,009
|
|
5.04% (SOFR + 1.37%),
04/23/2029(c)
|
|
3,000
|
3,032
|
|
5.57%, 07/25/2029(d)
|
|
3,000
|
3,069
|
|
6.30%, 10/23/2029(d)
|
|
3,000
|
3,125
|
|
4.18%, 01/23/2030(d)
|
|
19,000
|
18,835
|
|
5.20%, 01/23/2030(d)
|
|
3,000
|
3,047
|
|
5.15%, 04/23/2031(d)
|
|
3,000
|
3,052
|
|
5.39%, 04/24/2034(d)
|
|
1,000
|
1,015
|
|
5.56%, 07/25/2034(d)
|
|
1,000
|
1,025
|
|
5.50%, 01/23/2035(d)
|
|
1,000
|
1,018
|
|
5.43%, 01/23/2047(d)
|
|
1,000
|
948
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
6.85%(d)(e)
|
|
$3,000
|
$3,112
|
|
7.63%(d)(e)
|
|
3,000
|
3,153
|
|
Series GG, 6.13%(d)(e)
|
|
269,000
|
270,084
|
|
|
|
|
19,117,464
|
|
Diversified Capital Markets–1.18%
|
|||
|
UBS Group AG (Switzerland),
|
|
|
|
|
5.43%, 02/08/2030(b)(d)
|
|
200,000
|
204,356
|
|
4.21%, 04/10/2030(b)(d)
|
|
288,000
|
284,404
|
|
4.40%, 09/23/2031(b)(d)
|
|
200,000
|
196,399
|
|
5.01%, 03/23/2037(b)(d)
|
|
200,000
|
193,489
|
|
5.20%, 08/10/2037(b)(d)
|
|
203,000
|
198,361
|
|
7.00%(b)(d)(e)
|
|
200,000
|
194,515
|
|
7.13%(b)(d)(e)
|
|
226,000
|
222,299
|
|
Series 28, 9.25%(b)(d)(e)
|
|
200,000
|
213,291
|
|
Series 33, 9.25%(b)(d)(e)
|
|
201,000
|
226,446
|
|
|
|
|
1,933,560
|
|
Diversified Financial Services–2.51%
|
|||
|
AerCap Ireland Capital DAC/AerCap
Global Aviation Trust (Ireland),
6.50%, 01/31/2056(d)
|
|
241,000
|
241,447
|
|
Amrize Finance US LLC,
|
|
|
|
|
4.70%, 04/07/2028
|
|
2,000
|
2,013
|
|
4.95%, 04/07/2030
|
|
4,000
|
4,046
|
|
Avolon Holdings Funding Ltd. (Ireland),
|
|
|
|
|
4.95%, 01/15/2028(b)
|
|
3,000
|
3,011
|
|
6.38%, 05/04/2028(b)
|
|
3,000
|
3,089
|
|
4.20%, 04/15/2029(b)
|
|
47,000
|
46,135
|
|
4.70%, 01/30/2031(b)
|
|
28,000
|
27,451
|
|
Citadel Finance LLC,
|
|
|
|
|
4.75%, 02/14/2029(b)
|
|
253,000
|
248,072
|
|
5.15%, 02/14/2031(b)
|
|
311,000
|
303,849
|
|
Citadel Securities Global Holdings LLC,
|
|
|
|
|
5.13%, 01/27/2032(b)
|
|
267,000
|
265,015
|
|
5.75%, 03/27/2036(b)
|
|
250,000
|
246,816
|
|
Eagle Funding LuxCo S.a.r.l. (Mexico),
5.50%, 08/17/2030(b)
|
|
1,103,000
|
1,110,169
|
|
Gabon Blue Bond Master Trust (Gabon),
Series 2, 6.10%, 08/01/2038(b)
|
|
341,000
|
340,456
|
|
GABX Leasing LLC, 4.63%,
04/15/2031(b)
|
|
123,000
|
121,291
|
|
Jane Street Group/JSG Finance, Inc.,
|
|
|
|
|
7.13%, 04/30/2031(b)
|
|
30,000
|
30,857
|
|
6.13%, 11/01/2032(b)
|
|
107,000
|
105,904
|
|
6.75%, 05/01/2033(b)
|
|
209,000
|
212,193
|
|
LPL Holdings, Inc.,
|
|
|
|
|
5.70%, 05/20/2027
|
|
4,000
|
4,038
|
|
5.20%, 03/15/2030
|
|
2,000
|
2,016
|
|
5.15%, 06/15/2030
|
|
4,000
|
4,022
|
|
5.65%, 03/15/2035
|
|
1,000
|
993
|
|
LSEG US Fin Corp. (United Kingdom),
|
|
|
|
|
4.25%, 03/23/2029(b)
|
|
281,000
|
279,010
|
|
4.50%, 03/23/2031(b)
|
|
209,000
|
206,498
|
|
Takeoff Merger Sub, Inc.,
|
|
|
|
|
4.40%, 03/24/2028(b)
|
|
181,000
|
180,093
|
|
4.50%, 03/24/2029(b)
|
|
128,000
|
127,201
|
|
|
|
|
4,115,685
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Metals & Mining–0.64%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
|
|
|
|
|
5.10%, 09/08/2028
|
|
$1,000
|
$1,019
|
|
5.25%, 09/08/2030
|
|
2,000
|
2,059
|
|
Corp. Nacional del Cobre de Chile
(Chile), 5.53%, 01/30/2037(b)
|
|
215,000
|
211,306
|
|
Corporacion Nacional del Cobre de
Chile (Chile), 5.13%,
02/02/2033(b)
|
|
200,000
|
197,921
|
|
Glencore Funding LLC (Australia),
|
|
|
|
|
4.91%, 04/01/2028(b)
|
|
3,000
|
3,023
|
|
5.37%, 04/04/2029(b)
|
|
1,000
|
1,021
|
|
5.19%, 04/01/2030(b)
|
|
2,000
|
2,029
|
|
4.90%, 07/01/2031(b)
|
|
129,000
|
128,990
|
|
5.20%, 07/01/2033(b)
|
|
160,000
|
160,263
|
|
5.51%, 04/01/2036(b)
|
|
332,000
|
332,871
|
|
Rio Tinto Finance (USA) PLC (Australia),
5.00%, 03/14/2032
|
|
4,000
|
4,083
|
|
|
|
|
1,044,585
|
|
Diversified REITs–0.00%
|
|||
|
ERP Operating L.P., 4.95%,
06/15/2032
|
|
3,000
|
3,023
|
|
Diversified Support Services–0.19%
|
|||
|
Amazon Conservation DAC (Ecuador),
6.03%, 01/16/2042(b)
|
|
270,000
|
276,345
|
|
Element Fleet Management Corp. (Canada),
|
|
|
|
|
6.32%, 12/04/2028(b)
|
|
2,000
|
2,086
|
|
5.04%, 03/25/2030(b)
|
|
1,000
|
1,010
|
|
RB Global Holdings, Inc. (Canada),
|
|
|
|
|
6.75%, 03/15/2028(b)
|
|
7,000
|
7,096
|
|
7.75%, 03/15/2031(b)
|
|
17,000
|
17,630
|
|
|
|
|
304,167
|
|
Drug Retail–0.35%
|
|||
|
CK Hutchison International (23) Ltd.
(United Kingdom), 4.88%,
04/21/2033(b)
|
|
215,000
|
215,973
|
|
CVS Pass-Through Trust, 5.77%,
01/10/2033(b)
|
|
49,290
|
49,994
|
|
Teva Pharmaceutical Finance
Netherlands IV B.V. (Israel), 5.75%,
12/01/2030
|
|
300,000
|
304,002
|
|
|
|
|
569,969
|
|
Electric Utilities–2.90%
|
|||
|
AEP Texas, Inc.,
|
|
|
|
|
3.95%, 06/01/2028(b)
|
|
162,000
|
160,442
|
|
5.70%, 05/15/2034
|
|
1,000
|
1,030
|
|
AEP Transmission Co. LLC, 5.38%,
06/15/2035
|
|
1,000
|
1,016
|
|
Alabama Power Co., Series C, 4.30%,
03/15/2031
|
|
5,000
|
4,951
|
|
Alexander Funding Trust II, 7.47%,
07/31/2028(b)
|
|
202,000
|
212,878
|
|
American Electric Power Co., Inc.,
|
|
|
|
|
5.75%, 11/01/2027
|
|
2,000
|
2,038
|
|
5.20%, 01/15/2029
|
|
2,000
|
2,041
|
|
Series C, 5.80%, 03/15/2056(d)
|
|
8,000
|
7,908
|
|
California Buyer Ltd./Atlantica
Sustainable Infrastructure PLC
(United Kingdom), 6.38%,
02/15/2032(b)
|
|
42,000
|
41,062
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
Capital Power (US Holdings), Inc. (Canada),
|
|
|
|
|
5.26%, 06/01/2028(b)
|
|
$2,000
|
$2,012
|
|
6.19%, 06/01/2035(b)
|
|
1,000
|
1,026
|
|
CenterPoint Energy Houston
Electric LLC, 4.80%, 03/15/2030
|
|
4,000
|
4,053
|
|
Consolidated Edison Co. of New York,
Inc., 5.50%, 03/15/2034
|
|
1,000
|
1,038
|
|
Constellation Energy Generation LLC,
|
|
|
|
|
6.50%, 10/01/2053
|
|
1,000
|
1,062
|
|
5.88%, 01/15/2066
|
|
1,000
|
961
|
|
Duke Energy Carolinas LLC, 4.85%,
03/15/2030
|
|
4,000
|
4,075
|
|
Duke Energy Corp., 4.85%,
01/05/2029
|
|
2,000
|
2,026
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
11,000
|
10,883
|
|
Electricite de France S.A. (France),
|
|
|
|
|
6.38%, 01/13/2055(b)
|
|
184,000
|
188,139
|
|
9.13%(b)(d)(e)
|
|
200,000
|
231,659
|
|
Emera US Finance LLC,
|
|
|
|
|
4.50%, 04/01/2029
|
|
186,000
|
185,815
|
|
5.20%, 04/01/2033
|
|
56,000
|
55,710
|
|
Series A, 6.65%, 10/01/2056(d)
|
|
112,000
|
112,043
|
|
Series B, 6.85%, 10/01/2056(d)
|
|
88,000
|
88,145
|
|
Entergy Corp., 7.13%, 12/01/2054(d)
|
|
2,000
|
2,051
|
|
Entergy Louisiana LLC, 5.15%,
09/15/2034
|
|
1,000
|
1,008
|
|
Entergy Texas, Inc., 5.25%,
04/15/2035
|
|
1,000
|
1,010
|
|
Evergy Metro, Inc.,
|
|
|
|
|
4.95%, 04/15/2033
|
|
3,000
|
3,021
|
|
5.13%, 08/15/2035
|
|
1,000
|
996
|
|
Evergy Missouri West, Inc., 5.25%,
12/15/2035(b)
|
|
1,000
|
989
|
|
Evergy, Inc., 4.25%, 03/15/2029
|
|
27,000
|
26,801
|
|
Exelon Corp.,
|
|
|
|
|
5.15%, 03/15/2029
|
|
2,000
|
2,039
|
|
5.13%, 03/15/2031
|
|
2,000
|
2,037
|
|
5.45%, 03/15/2034
|
|
1,000
|
1,024
|
|
5.88%, 03/15/2055
|
|
1,000
|
976
|
|
FirstEnergy Pennsylvania Electric Co.,
5.20%, 04/01/2028(b)
|
|
2,000
|
2,029
|
|
FirstEnergy Transmission LLC, 4.55%,
01/15/2030
|
|
2,000
|
1,999
|
|
Florida Power & Light Co.,
|
|
|
|
|
4.80%, 05/15/2033
|
|
2,000
|
2,003
|
|
5.60%, 02/15/2066
|
|
1,000
|
964
|
|
Georgia Power Co., 4.95%,
05/17/2033
|
|
3,000
|
3,025
|
|
Hawaiian Electric Co., Inc., 6.00%,
10/01/2033(b)
|
|
36,000
|
35,978
|
|
Indiana Michigan Power Co., 5.60%,
03/15/2056
|
|
11,000
|
10,619
|
|
ITC Holdings Corp.,
|
|
|
|
|
4.88%, 04/15/2031(b)
|
|
142,000
|
142,129
|
|
5.50%, 04/15/2036(b)
|
|
77,000
|
77,257
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
National Rural Utilities Cooperative Finance
Corp.,
|
|
|
|
|
Series D,
4.10% (SOFR + 0.43%),
08/09/2027(c)
|
|
$263,000
|
$262,881
|
|
4.05%, 02/09/2029
|
|
159,000
|
157,981
|
|
4.85%, 02/07/2029
|
|
3,000
|
3,038
|
|
5.00%, 02/07/2031
|
|
3,000
|
3,058
|
|
5.80%, 01/15/2033
|
|
2,000
|
2,120
|
|
5.75%, 04/20/2056(g)
|
|
317,000
|
317,000
|
|
NextEra Energy Capital Holdings, Inc.,
|
|
|
|
|
4.90%, 03/15/2029
|
|
4,000
|
4,059
|
|
5.05%, 03/15/2030
|
|
2,000
|
2,038
|
|
Niagara Mohawk Power Corp., 4.65%,
10/03/2030(b)
|
|
3,000
|
2,989
|
|
NRG Energy, Inc.,
|
|
|
|
|
4.73%, 10/15/2030(b)
|
|
5,000
|
4,956
|
|
5.75%, 01/15/2034(b)
|
|
96,000
|
94,760
|
|
6.00%, 01/15/2036(b)
|
|
82,000
|
81,303
|
|
Oncor Electric Delivery Co. LLC,
|
|
|
|
|
4.65%, 11/01/2029
|
|
4,000
|
4,034
|
|
5.65%, 11/15/2033
|
|
1,000
|
1,049
|
|
Pacific Gas and Electric Co.,
|
|
|
|
|
6.10%, 01/15/2029
|
|
23,000
|
23,807
|
|
5.20%, 05/01/2036
|
|
14,000
|
13,650
|
|
6.00%, 05/01/2056
|
|
15,000
|
14,247
|
|
PacifiCorp,
|
|
|
|
|
5.10%, 02/15/2029
|
|
2,000
|
2,026
|
|
5.30%, 02/15/2031
|
|
2,000
|
2,028
|
|
5.45%, 02/15/2034
|
|
1,000
|
997
|
|
5.80%, 01/15/2055
|
|
1,000
|
914
|
|
7.13%, 08/15/2056(d)
|
|
84,000
|
79,379
|
|
PG&E Corp., 7.38%, 03/15/2055(d)
|
|
295,000
|
297,137
|
|
Pinnacle West Capital Corp.,
|
|
|
|
|
4.90%, 05/15/2028
|
|
4,000
|
4,032
|
|
5.15%, 05/15/2030
|
|
1,000
|
1,016
|
|
PPL Capital Funding, Inc.,
|
|
|
|
|
Conv., 3.00%, 12/01/2030(b)
|
|
155,000
|
162,130
|
|
5.25%, 09/01/2034
|
|
1,000
|
1,008
|
|
Puget Energy, Inc.,
|
|
|
|
|
7.00%, 09/15/2056(b)(d)
|
|
243,000
|
241,225
|
|
7.25%, 09/15/2056(b)(d)
|
|
236,000
|
235,114
|
|
RWE Finance US LLC (Germany),
5.88%, 09/18/2055(b)
|
|
150,000
|
143,001
|
|
Sierra Pacific Power Co., 5.90%,
03/15/2054
|
|
1,000
|
986
|
|
Southern Co. (The),
|
|
|
|
|
5.70%, 10/15/2032
|
|
3,000
|
3,141
|
|
6.00%, 04/01/2058(d)
|
|
404,000
|
406,164
|
|
Southwestern Electric Power Co.,
|
|
|
|
|
5.30%, 04/01/2033
|
|
3,000
|
3,044
|
|
5.20%, 04/01/2036
|
|
70,000
|
68,861
|
|
Trans-Allegheny Interstate Line Co.,
5.00%, 01/15/2031(b)
|
|
1,000
|
1,016
|
|
Union Electric Co., 5.25%,
04/15/2035
|
|
1,000
|
1,012
|
|
Virginia Electric and Power Co.,
5.00%, 04/01/2033
|
|
3,000
|
3,019
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
Vistra Operations Co. LLC,
|
|
|
|
|
5.05%, 12/30/2026(b)
|
|
$2,000
|
$2,007
|
|
5.63%, 02/15/2027(b)
|
|
333,000
|
333,150
|
|
4.60%, 10/15/2030(b)
|
|
5,000
|
4,903
|
|
4.70%, 01/31/2031(b)
|
|
16,000
|
15,751
|
|
7.75%, 10/15/2031(b)
|
|
55,000
|
57,638
|
|
6.88%, 04/15/2032(b)
|
|
22,000
|
22,782
|
|
6.95%, 10/15/2033(b)
|
|
1,000
|
1,089
|
|
6.00%, 04/15/2034(b)
|
|
1,000
|
1,029
|
|
Wisconsin Electric Power Co., 4.15%,
10/15/2030
|
|
5,000
|
4,935
|
|
Wisconsin Public Service Corp., 4.25%,
01/15/2031
|
|
27,000
|
26,709
|
|
Xcel Energy, Inc., 4.75%,
03/21/2028
|
|
4,000
|
4,022
|
|
|
|
|
4,764,203
|
|
Electrical Components & Equipment–0.38%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
7,000
|
6,950
|
|
LG Energy Solution, Ltd. (South Korea),
|
|
|
|
|
5.25%, 04/02/2031(b)
|
|
200,000
|
199,525
|
|
5.88%, 04/02/2036(b)
|
|
200,000
|
198,527
|
|
Molex Electronic Technologies LLC,
|
|
|
|
|
4.75%, 04/30/2028(b)
|
|
1,000
|
1,004
|
|
5.25%, 04/30/2032(b)
|
|
1,000
|
1,015
|
|
Regal Rexnord Corp.,
|
|
|
|
|
6.30%, 02/15/2030
|
|
2,000
|
2,096
|
|
6.40%, 04/15/2033
|
|
2,000
|
2,115
|
|
Vertiv Group Corp., 4.13%,
11/15/2028(b)
|
|
29,000
|
28,578
|
|
Vertiv Holdings Co.,
|
|
|
|
|
4.85%, 03/15/2036
|
|
22,000
|
21,401
|
|
5.65%, 03/15/2046
|
|
43,000
|
41,043
|
|
5.80%, 03/15/2056
|
|
30,000
|
28,860
|
|
5.95%, 03/15/2066
|
|
96,000
|
91,959
|
|
|
|
|
623,073
|
|
Electronic Components–0.03%
|
|||
|
Amphenol Corp.,
|
|
|
|
|
4.13%, 11/15/2030
|
|
5,000
|
4,928
|
|
4.40%, 02/15/2033
|
|
4,000
|
3,905
|
|
Tyco Electronics Group S.A. (Switzerland),
|
|
|
|
|
4.50%, 02/09/2031
|
|
25,000
|
24,961
|
|
4.88%, 02/09/2036
|
|
13,000
|
12,836
|
|
|
|
|
46,630
|
|
Electronic Equipment & Instruments–0.00%
|
|||
|
Keysight Technologies, Inc., 5.35%,
07/30/2030
|
|
2,000
|
2,055
|
|
Electronic Manufacturing Services–0.02%
|
|||
|
EMRLD Borrower L.P./Emerald
Co-Issuer, Inc., 6.63%,
12/15/2030(b)
|
|
30,000
|
30,549
|
|
Jabil, Inc., 4.75%, 02/01/2033
|
|
6,000
|
5,845
|
|
|
|
|
36,394
|
|
Environmental & Facilities Services–0.14%
|
|||
|
Republic Services, Inc.,
|
|
|
|
|
4.88%, 04/01/2029
|
|
3,000
|
3,046
|
|
5.00%, 12/15/2033
|
|
1,000
|
1,017
|
|
|
Principal
Amount
|
Value
|
|
|
Environmental & Facilities Services–(continued)
|
|||
|
Veralto Corp.,
|
|
|
|
|
5.50%, 09/18/2026
|
|
$2,000
|
$2,009
|
|
5.35%, 09/18/2028
|
|
2,000
|
2,044
|
|
Waste Connections, Inc., 4.80%,
07/15/2036
|
|
233,000
|
228,374
|
|
|
|
|
236,490
|
|
Fertilizers & Agricultural Chemicals–0.13%
|
|||
|
Mosaic Co. (The),
|
|
|
|
|
4.35%, 01/15/2029
|
|
5,000
|
4,975
|
|
4.60%, 11/15/2030
|
|
5,000
|
4,965
|
|
OCP S.A. (Morocco), 6.70%,
03/01/2036(b)
|
|
202,000
|
207,989
|
|
|
|
|
217,929
|
|
Financial Exchanges & Data–0.01%
|
|||
|
Intercontinental Exchange, Inc.,
|
|
|
|
|
3.95%, 12/01/2028
|
|
4,000
|
3,962
|
|
4.20%, 03/15/2031
|
|
15,000
|
14,798
|
|
MSCI, Inc., 5.25%, 09/01/2035
|
|
1,000
|
980
|
|
Nasdaq, Inc., 5.35%, 06/28/2028
|
|
2,000
|
2,042
|
|
|
|
|
21,782
|
|
Food Distributors–0.00%
|
|||
|
Sysco Corp., 5.10%, 09/23/2030
|
|
3,000
|
3,025
|
|
Forest Products–0.00%
|
|||
|
Georgia-Pacific LLC,
|
|
|
|
|
4.40%, 06/30/2028(b)
|
|
1,000
|
1,001
|
|
4.95%, 06/30/2032(b)
|
|
2,000
|
2,022
|
|
|
|
|
3,023
|
|
Gas Utilities–0.13%
|
|||
|
Piedmont Natural Gas Co., Inc.,
5.40%, 06/15/2033
|
|
1,000
|
1,027
|
|
Snam S.p.A. (Italy), 5.00%,
05/28/2030(b)
|
|
209,000
|
211,232
|
|
Southwest Gas Corp., 5.45%,
03/23/2028
|
|
3,000
|
3,057
|
|
|
|
|
215,316
|
|
Health Care Distributors–0.04%
|
|||
|
Cardinal Health, Inc., 4.50%,
09/15/2030
|
|
3,000
|
2,986
|
|
Cencora, Inc.,
|
|
|
|
|
3.95%, 02/13/2029
|
|
33,000
|
32,547
|
|
4.25%, 11/15/2030
|
|
24,000
|
23,568
|
|
5.13%, 02/15/2034
|
|
1,000
|
1,009
|
|
McKesson Corp.,
|
|
|
|
|
4.25%, 09/15/2029
|
|
2,000
|
1,995
|
|
4.65%, 05/30/2030
|
|
6,000
|
6,038
|
|
4.95%, 05/30/2032
|
|
3,000
|
3,048
|
|
|
|
|
71,191
|
|
Health Care Equipment–0.65%
|
|||
|
Abbott Laboratories,
|
|
|
|
|
3.70%, 03/09/2029
|
|
122,000
|
120,567
|
|
4.65%, 03/15/2036
|
|
184,000
|
179,997
|
|
5.50%, 03/15/2056
|
|
227,000
|
222,741
|
|
5.60%, 03/15/2066
|
|
103,000
|
100,477
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Equipment–(continued)
|
|||
|
Augusta SpinCo Corp.,
|
|
|
|
|
4.40%, 03/23/2029
|
|
$256,000
|
$255,335
|
|
4.66%, 03/23/2031
|
|
112,000
|
111,515
|
|
4.95%, 03/23/2033
|
|
68,000
|
67,784
|
|
GE HealthCare Technologies, Inc.,
4.80%, 01/15/2031
|
|
2,000
|
2,013
|
|
Stryker Corp.,
|
|
|
|
|
4.25%, 09/11/2029
|
|
3,000
|
2,990
|
|
4.85%, 02/10/2030
|
|
4,000
|
4,055
|
|
|
|
|
1,067,474
|
|
Health Care Facilities–0.01%
|
|||
|
Adventist Health System, 5.76%,
12/01/2034
|
|
1,000
|
1,030
|
|
Ascension Health, Series 2025,
4.29%, 11/15/2030
|
|
19,000
|
18,827
|
|
Universal Health Services, Inc.,
4.63%, 10/15/2029
|
|
2,000
|
1,978
|
|
UPMC, 5.04%, 05/15/2033
|
|
1,000
|
1,008
|
|
|
|
|
22,843
|
|
Health Care REITs–0.00%
|
|||
|
DOC DR, LLC, 4.30%, 03/15/2027
|
|
2,000
|
1,998
|
|
Omega Healthcare Investors, Inc.,
5.20%, 07/01/2030
|
|
2,000
|
2,009
|
|
Ventas Realty L.P., 5.00%,
02/15/2036
|
|
1,000
|
978
|
|
|
|
|
4,985
|
|
Health Care Services–0.63%
|
|||
|
Cigna Group (The), 4.50%,
09/15/2030
|
|
3,000
|
2,991
|
|
CommonSpirit Health,
|
|
|
|
|
4.35%, 09/01/2030
|
|
6,000
|
5,914
|
|
5.32%, 12/01/2034
|
|
1,000
|
1,002
|
|
4.98%, 09/01/2035
|
|
1,000
|
976
|
|
CVS Health Corp.,
|
|
|
|
|
5.00%, 01/30/2029
|
|
1,000
|
1,013
|
|
5.25%, 01/30/2031
|
|
1,000
|
1,022
|
|
5.00%, 09/15/2032
|
|
3,000
|
3,004
|
|
6.75%, 12/10/2054(d)
|
|
31,000
|
31,402
|
|
7.00%, 03/10/2055(d)
|
|
340,000
|
350,631
|
|
6.00%, 06/01/2063
|
|
1,000
|
950
|
|
HCA, Inc., 4.30%, 11/15/2030
|
|
5,000
|
4,919
|
|
Icon Investments Six DAC,
|
|
|
|
|
5.81%, 05/08/2027
|
|
200,000
|
201,068
|
|
5.85%, 05/08/2029
|
|
209,000
|
213,139
|
|
6.00%, 05/08/2034
|
|
200,000
|
202,875
|
|
Laboratory Corp. of America Holdings,
4.35%, 04/01/2030
|
|
4,000
|
3,966
|
|
Quest Diagnostics, Inc., 6.40%,
11/30/2033
|
|
1,000
|
1,089
|
|
|
|
|
1,025,961
|
|
Heavy Electrical Equipment–0.02%
|
|||
|
GE Vernova, Inc.,
|
|
|
|
|
4.25%, 02/04/2031
|
|
19,000
|
18,792
|
|
4.88%, 02/04/2036
|
|
6,000
|
5,949
|
|
5.50%, 02/04/2056
|
|
5,000
|
4,814
|
|
|
|
|
29,555
|
|
|
Principal
Amount
|
Value
|
|
|
Highways & Railtracks–0.00%
|
|||
|
Burlington Northern Santa Fe LLC,
5.55%, 03/15/2056
|
|
$1,000
|
$970
|
|
Home Improvement Retail–0.00%
|
|||
|
Home Depot, Inc. (The),
|
|
|
|
|
4.90%, 04/15/2029
|
|
1,000
|
1,019
|
|
3.95%, 09/15/2030
|
|
5,000
|
4,937
|
|
Lowe’s Cos., Inc.,
|
|
|
|
|
5.80%, 09/15/2062
|
|
1,000
|
951
|
|
5.85%, 04/01/2063
|
|
1,000
|
958
|
|
|
|
|
7,865
|
|
Hotel & Resort REITs–0.02%
|
|||
|
Phillips Edison Grocery Center Operating
Partnership I L.P.,
|
|
|
|
|
5.25%, 08/15/2032
|
|
2,000
|
2,009
|
|
4.75%, 03/15/2033
|
|
28,000
|
27,335
|
|
4.95%, 01/15/2035
|
|
1,000
|
971
|
|
|
|
|
30,315
|
|
Hotels, Resorts & Cruise Lines–0.36%
|
|||
|
Airbnb, Inc.,
|
|
|
|
|
4.40%, 03/16/2029
|
|
54,000
|
53,938
|
|
4.65%, 03/16/2031
|
|
43,000
|
42,921
|
|
5.25%, 03/16/2036
|
|
46,000
|
46,065
|
|
Carnival Corp.,
|
|
|
|
|
7.00%, 08/15/2029(b)
|
|
1,000
|
1,038
|
|
5.75%, 03/15/2030(b)
|
|
18,000
|
18,153
|
|
5.88%, 06/15/2031(b)
|
|
169,000
|
171,184
|
|
5.75%, 08/01/2032(b)
|
|
126,000
|
126,116
|
|
Hilton Domestic Operating Co., Inc.,
|
|
|
|
|
5.88%, 04/01/2029(b)
|
|
25,000
|
25,257
|
|
6.13%, 04/01/2032(b)
|
|
5,000
|
5,088
|
|
5.75%, 09/15/2033(b)
|
|
58,000
|
57,784
|
|
Marriott International, Inc.,
|
|
|
|
|
4.88%, 05/15/2029
|
|
3,000
|
3,036
|
|
4.80%, 03/15/2030
|
|
2,000
|
2,019
|
|
Marriott Ownership Resorts, Inc.,
6.50%, 10/01/2033(b)
|
|
37,000
|
35,215
|
|
Royal Caribbean Cruises Ltd.,
|
|
|
|
|
6.25%, 03/15/2032(b)
|
|
1,000
|
1,023
|
|
6.00%, 02/01/2033(b)
|
|
2,000
|
2,020
|
|
|
|
|
590,857
|
|
Independent Power Producers & Energy Traders–0.04%
|
|||
|
AES Corp. (The), 5.80%, 03/15/2032
|
|
1,000
|
1,006
|
|
Vistra Corp., 7.00%(b)(d)(e)
|
|
17,000
|
17,034
|
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
50,000
|
51,663
|
|
|
|
|
69,703
|
|
Industrial Conglomerates–0.68%
|
|||
|
Eaton Corp.,
|
|
|
|
|
3.85%, 03/06/2028
|
|
522,000
|
518,385
|
|
3.95%, 03/06/2029
|
|
200,000
|
198,055
|
|
4.80%, 03/06/2036
|
|
200,000
|
197,536
|
|
5.45%, 03/06/2056
|
|
200,000
|
193,741
|
|
|
|
|
1,107,717
|
|
Industrial Machinery & Supplies & Components–0.17%
|
|||
|
ESAB Corp., 5.63%, 04/01/2031(b)
|
|
171,000
|
172,626
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Machinery & Supplies & Components–(continued)
|
|||
|
Ingersoll Rand, Inc.,
|
|
|
|
|
5.20%, 06/15/2027
|
|
$2,000
|
$2,018
|
|
5.40%, 08/14/2028
|
|
1,000
|
1,023
|
|
Nordson Corp.,
|
|
|
|
|
5.60%, 09/15/2028
|
|
1,000
|
1,023
|
|
5.80%, 09/15/2033
|
|
1,000
|
1,040
|
|
nVent Finance S.a.r.l. (United
Kingdom), 5.65%, 05/15/2033
|
|
1,000
|
1,027
|
|
Roller Bearing Co. of America, Inc.,
4.38%, 10/15/2029(b)
|
|
95,000
|
92,419
|
|
|
|
|
271,176
|
|
Insurance Brokers–0.03%
|
|||
|
Arthur J. Gallagher & Co.,
|
|
|
|
|
4.85%, 12/15/2029
|
|
1,000
|
1,011
|
|
5.00%, 02/15/2032
|
|
3,000
|
3,012
|
|
6.75%, 02/15/2054
|
|
1,000
|
1,081
|
|
Marsh & McLennan Cos., Inc., 4.95%,
03/15/2036
|
|
30,000
|
29,732
|
|
Willis North America, Inc., 4.55%,
03/15/2031
|
|
19,000
|
18,737
|
|
|
|
|
53,573
|
|
Integrated Oil & Gas–0.92%
|
|||
|
Ecopetrol S.A. (Colombia),
|
|
|
|
|
4.63%, 11/02/2031
|
|
11,000
|
9,783
|
|
8.88%, 01/13/2033
|
|
233,000
|
245,440
|
|
5.88%, 05/28/2045
|
|
12,000
|
8,845
|
|
Occidental Petroleum Corp.,
|
|
|
|
|
6.45%, 09/15/2036
|
|
1,000
|
1,069
|
|
4.63%, 06/15/2045
|
|
1,000
|
801
|
|
Petroleos Mexicanos (Mexico), 8.75%,
06/02/2029
|
|
162,000
|
170,400
|
|
SA Global Sukuk Ltd. (Saudi Arabia),
4.13%, 09/17/2030(b)
|
|
425,000
|
411,252
|
|
Saudi Arabian Oil Co. (Saudi Arabia),
|
|
|
|
|
4.00%, 02/02/2029(b)
|
|
200,000
|
196,064
|
|
4.75%, 06/02/2030(b)
|
|
214,000
|
212,201
|
|
5.38%, 06/02/2035(b)
|
|
253,000
|
251,789
|
|
|
|
|
1,507,644
|
|
Integrated Telecommunication Services–0.54%
|
|||
|
AT&T, Inc.,
|
|
|
|
|
4.30%, 02/15/2030
|
|
1,000
|
994
|
|
5.40%, 02/15/2034
|
|
1,000
|
1,023
|
|
6.05%, 08/15/2056
|
|
1,000
|
986
|
|
Bell Canada (Canada),
|
|
|
|
|
6.88%, 09/15/2055(d)
|
|
46,000
|
46,555
|
|
7.00%, 09/15/2055(d)
|
|
18,000
|
18,430
|
|
Cipher Compute LLC, 7.13%,
11/15/2030(b)
|
|
161,000
|
167,002
|
|
Comcast Corp., 5.50%, 11/15/2032
|
|
1,000
|
1,039
|
|
SV RNO Property Owner 1 LLC, 5.88%,
03/01/2031(b)
|
|
91,000
|
90,007
|
|
TELUS Corp. (Canada),
|
|
|
|
|
6.38%, 06/09/2056(d)
|
|
91,000
|
90,118
|
|
6.63%, 06/09/2056(d)
|
|
198,000
|
193,087
|
|
Verizon Communications, Inc.,
|
|
|
|
|
5.25%, 04/02/2035
|
|
1,000
|
1,002
|
|
5.88%, 11/30/2055
|
|
1,313
|
1,278
|
|
6.00%, 11/30/2065
|
|
1,000
|
970
|
|
|
Principal
Amount
|
Value
|
|
|
Integrated Telecommunication Services–(continued)
|
|||
|
WULF Compute LLC, 7.75%,
10/15/2030(b)
|
|
$95,000
|
$100,445
|
|
Zegona Finance PLC (United Kingdom),
8.63%, 07/15/2029(b)
|
|
159,000
|
167,043
|
|
|
|
|
879,979
|
|
Interactive Media & Services–0.37%
|
|||
|
Alphabet, Inc.,
|
|
|
|
|
4.10%, 02/15/2031
|
|
88,000
|
87,408
|
|
4.38%, 11/15/2032
|
|
6,000
|
5,968
|
|
4.40%, 02/15/2033
|
|
97,000
|
95,820
|
|
4.80%, 02/15/2036
|
|
18,000
|
17,930
|
|
5.35%, 11/15/2045
|
|
1,000
|
978
|
|
5.65%, 02/15/2056
|
|
45,000
|
44,887
|
|
5.30%, 05/15/2065
|
|
1,000
|
926
|
|
Flutter Treasury DAC (Ireland), 5.88%,
06/04/2031(b)
|
|
281,000
|
278,611
|
|
Match Group Holdings II LLC, 6.13%,
09/15/2033(b)
|
|
76,000
|
73,934
|
|
Meta Platforms, Inc.,
|
|
|
|
|
4.55%, 08/15/2031
|
|
4,000
|
4,018
|
|
5.63%, 11/15/2055
|
|
1,000
|
938
|
|
5.55%, 08/15/2064
|
|
1,000
|
900
|
|
|
|
|
612,318
|
|
Internet Services & Infrastructure–0.72%
|
|||
|
Beignet Investor LLC, 6.58%,
05/30/2049(b)
|
|
1,019,000
|
1,048,480
|
|
CoreWeave, Inc.,
|
|
|
|
|
9.25%, 06/01/2030(b)
|
|
102,000
|
99,207
|
|
9.00%, 02/01/2031(b)
|
|
37,000
|
35,252
|
|
|
|
|
1,182,939
|
|
Investment Banking & Brokerage–0.73%
|
|||
|
Charles Schwab Corp. (The),
|
|
|
|
|
4.34%, 11/14/2031(d)
|
|
18,000
|
17,808
|
|
Series K, 5.00%(d)(e)
|
|
2,000
|
1,979
|
|
Goldman Sachs Group, Inc. (The),
|
|
|
|
|
4.96% (SOFR + 1.29%),
04/23/2028(c)
|
|
3,000
|
3,018
|
|
4.15%, 01/21/2029(d)
|
|
65,000
|
64,617
|
|
5.73%, 04/25/2030(d)
|
|
3,000
|
3,096
|
|
5.05%, 07/23/2030(d)
|
|
2,000
|
2,024
|
|
4.69%, 10/23/2030(d)
|
|
2,000
|
2,002
|
|
5.21%, 01/28/2031(d)
|
|
3,000
|
3,049
|
|
5.22%, 04/23/2031(d)
|
|
3,000
|
3,051
|
|
4.37%, 10/21/2031(d)
|
|
9,000
|
8,826
|
|
4.52%, 01/21/2032(d)
|
|
61,000
|
60,088
|
|
4.94%, 10/21/2036(d)
|
|
1,000
|
969
|
|
5.39%, 02/02/2041(d)
|
|
25,000
|
24,163
|
|
Series V, 4.13%(d)(e)
|
|
17,000
|
16,780
|
|
Series W, 7.50%(d)(e)
|
|
77,000
|
80,427
|
|
Series X, 7.50%(d)(e)
|
|
109,000
|
114,252
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage–(continued)
|
|||
|
Morgan Stanley,
|
|
|
|
|
5.12%, 02/01/2029(d)
|
|
$3,000
|
$3,034
|
|
4.99%, 04/12/2029(d)
|
|
4,000
|
4,037
|
|
5.16%, 04/20/2029(d)
|
|
3,000
|
3,035
|
|
5.45%, 07/20/2029(d)
|
|
2,000
|
2,036
|
|
6.41%, 11/01/2029(d)
|
|
2,000
|
2,088
|
|
4.24%, 01/09/2030(d)
|
|
83,000
|
82,180
|
|
5.17%, 01/16/2030(d)
|
|
3,000
|
3,043
|
|
5.04%, 07/19/2030(d)
|
|
4,000
|
4,047
|
|
4.65%, 10/18/2030(d)
|
|
4,000
|
3,999
|
|
5.19%, 04/17/2031(d)
|
|
3,000
|
3,045
|
|
4.49%, 01/16/2032(d)
|
|
66,000
|
64,909
|
|
4.71%, 03/12/2032(d)
|
|
266,000
|
264,267
|
|
5.25%, 04/21/2034(d)
|
|
1,000
|
1,003
|
|
5.32%, 07/19/2035(d)
|
|
1,000
|
1,004
|
|
5.95%, 01/19/2038(d)
|
|
3,000
|
3,075
|
|
5.90%, 03/13/2047(d)
|
|
341,000
|
339,615
|
|
Series I, 4.36%, 10/22/2031(d)
|
|
10,000
|
9,802
|
|
|
|
|
1,200,368
|
|
IT Consulting & Other Services–0.62%
|
|||
|
International Business Machines Corp.,
|
|
|
|
|
4.00%, 02/03/2029
|
|
103,000
|
101,981
|
|
4.80%, 02/10/2030
|
|
382,000
|
386,315
|
|
4.30%, 02/03/2031
|
|
302,000
|
297,544
|
|
5.20%, 02/10/2035
|
|
54,000
|
54,300
|
|
5.70%, 02/10/2055
|
|
3,000
|
2,835
|
|
5.80%, 02/03/2056
|
|
180,000
|
172,216
|
|
|
|
|
1,015,191
|
|
Leisure Facilities–0.10%
|
|||
|
VOC Escrow Ltd., 5.00%,
02/15/2028(b)
|
|
157,000
|
156,428
|
|
Leisure Products–0.13%
|
|||
|
Brunswick Corp., 5.85%,
03/18/2029
|
|
3,000
|
3,071
|
|
Hasbro, Inc., 4.65%, 03/12/2031
|
|
58,000
|
57,297
|
|
Viking Cruises Ltd., 5.88%,
10/15/2033(b)
|
|
154,000
|
152,156
|
|
|
|
|
212,524
|
|
Life & Health Insurance–1.71%
|
|||
|
American National Global Funding,
5.55%, 01/28/2030(b)
|
|
2,000
|
2,022
|
|
Athene Global Funding, 5.58%,
01/09/2029(b)
|
|
4,000
|
4,038
|
|
Constellation Global Funding, 4.85%,
10/22/2030(b)
|
|
5,000
|
4,907
|
|
Corebridge Global Funding,
|
|
|
|
|
5.90%, 09/19/2028(b)
|
|
1,000
|
1,031
|
|
5.20%, 01/12/2029(b)
|
|
1,000
|
1,016
|
|
5.20%, 06/24/2029(b)
|
|
2,000
|
2,028
|
|
Dai-ichi Life Insurance Co. Ltd. (The)
(Japan), 6.20%(b)(d)(e)
|
|
200,000
|
201,269
|
|
GA Global Funding Trust,
|
|
|
|
|
5.50%, 01/08/2029(b)
|
|
80,000
|
81,005
|
|
4.50%, 09/18/2030(b)
|
|
375,000
|
361,310
|
|
Grand River Funding Trust I, 6.31%,
02/15/2036(b)
|
|
200,000
|
201,902
|
|
Grand River Funding Trust II, 7.28%,
02/15/2056(b)(f)
|
|
315,000
|
329,870
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance–(continued)
|
|||
|
High Street Funding Trust III, 5.81%,
02/15/2055(b)
|
|
$105,000
|
$99,867
|
|
Lincoln Financial Global Funding,
4.63%, 08/18/2030(b)
|
|
6,000
|
5,944
|
|
MAG Mutual Holding Co., 4.75%,
04/30/2041(b)(g)
|
|
784,000
|
721,280
|
|
MassMutual Global Funding II, 4.55%,
05/07/2030(b)
|
|
200,000
|
199,462
|
|
Nippon Life Insurance Co. (Japan),
|
|
|
|
|
5.95%, 04/16/2054(b)(d)
|
|
226,000
|
226,067
|
|
6.50%, 04/30/2055(b)(d)
|
|
200,000
|
206,787
|
|
Pricoa Global Funding I, 4.65%,
08/27/2031(b)
|
|
150,000
|
149,197
|
|
Protective Life Corp., 4.70%,
01/15/2031(b)
|
|
14,000
|
13,882
|
|
|
|
|
2,812,884
|
|
Life Sciences Tools & Services–0.03%
|
|||
|
Thermo Fisher Scientific, Inc.,
|
|
|
|
|
4.22%, 02/12/2031
|
|
23,000
|
22,765
|
|
4.55%, 06/15/2033
|
|
5,000
|
4,942
|
|
4.90%, 02/12/2036
|
|
14,000
|
13,906
|
|
|
|
|
41,613
|
|
Managed Health Care–0.00%
|
|||
|
UnitedHealth Group, Inc.,
|
|
|
|
|
5.25%, 02/15/2028
|
|
3,000
|
3,054
|
|
5.30%, 02/15/2030
|
|
2,000
|
2,057
|
|
5.35%, 02/15/2033
|
|
1,000
|
1,027
|
|
|
|
|
6,138
|
|
Marine Transportation–0.08%
|
|||
|
A.P. Moller - Maersk A/S, 5.88%,
09/14/2033(b)
|
|
1,000
|
1,046
|
|
NCL Corp. Ltd.,
|
|
|
|
|
5.88%, 01/15/2031(b)
|
|
67,000
|
65,135
|
|
6.25%, 09/15/2033(b)
|
|
65,000
|
63,117
|
|
|
|
|
129,298
|
|
Metal, Glass & Plastic Containers–0.13%
|
|||
|
Smurfit Kappa Treasury Unlimited Co.
(Ireland),
|
|
|
|
|
5.20%, 01/15/2030
|
|
112,000
|
114,201
|
|
5.44%, 04/03/2034
|
|
103,000
|
104,566
|
|
|
|
|
218,767
|
|
Movies & Entertainment–0.00%
|
|||
|
Netflix, Inc., 5.40%, 08/15/2054
|
|
1,000
|
969
|
|
Multi-Family Residential REITs–0.00%
|
|||
|
Mid-America Apartments L.P., 5.30%,
02/15/2032
|
|
2,000
|
2,057
|
|
UDR, Inc., 5.13%, 09/01/2034
|
|
1,000
|
995
|
|
|
|
|
3,052
|
|
Multi-line Insurance–0.15%
|
|||
|
Metropolitan Life Global Funding I,
5.15%, 03/28/2033(b)
|
|
240,000
|
242,629
|
|
Multi-Utilities–0.27%
|
|||
|
Algonquin Power & Utilities Corp.
(Canada), 5.37%, 06/15/2026
|
|
3,000
|
3,003
|
|
|
Principal
Amount
|
Value
|
|
|
Multi-Utilities–(continued)
|
|||
|
Dominion Energy, Inc.,
|
|
|
|
|
5.38%, 11/15/2032
|
|
$2,000
|
$2,047
|
|
6.00%, 02/15/2056(d)
|
|
3,000
|
2,983
|
|
DTE Energy Co., 4.95%, 07/01/2027
|
|
2,000
|
2,014
|
|
ENGIE S.A. (France), 5.25%,
04/10/2029(b)
|
|
204,000
|
208,845
|
|
NiSource, Inc.,
|
|
|
|
|
5.25%, 03/30/2028
|
|
3,000
|
3,048
|
|
5.85%, 04/01/2055
|
|
1,000
|
973
|
|
Sempra,
|
|
|
|
|
5.25%, 03/15/2036
|
|
131,000
|
129,203
|
|
6.88%, 10/01/2054(d)
|
|
3,000
|
3,034
|
|
WEC Energy Group, Inc.,
|
|
|
|
|
5.15%, 10/01/2027
|
|
2,000
|
2,022
|
|
4.75%, 01/15/2028
|
|
84,000
|
84,646
|
|
|
|
|
441,818
|
|
Office REITs–0.10%
|
|||
|
Boston Properties L.P.,
|
|
|
|
|
Conv., 2.00%, 10/01/2030(b)
|
|
148,000
|
135,050
|
|
5.75%, 01/15/2035
|
|
1,000
|
995
|
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
5,000
|
4,937
|
|
Cousins Properties L.P.,
|
|
|
|
|
5.38%, 02/15/2032
|
|
2,000
|
2,013
|
|
4.88%, 03/01/2033
|
|
13,000
|
12,523
|
|
5.88%, 10/01/2034
|
|
2,000
|
2,027
|
|
Piedmont Operating Partnership L.P.,
|
|
|
|
|
6.88%, 07/15/2029
|
|
2,000
|
2,096
|
|
5.63%, 01/15/2033
|
|
8,000
|
7,778
|
|
|
|
|
167,419
|
|
Oil & Gas Equipment & Services–0.23%
|
|||
|
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc.,
|
|
|
|
|
4.05%, 03/11/2029
|
|
88,000
|
87,571
|
|
4.35%, 06/15/2031
|
|
138,000
|
136,223
|
|
Bristow Group, Inc., 6.75%,
02/01/2033(b)
|
|
144,000
|
145,649
|
|
|
|
|
369,443
|
|
Oil & Gas Exploration & Production–0.04%
|
|||
|
Aethon United BR L.P./Aethon United
Finance Corp., 7.50%,
10/01/2029(b)
|
|
23,000
|
24,002
|
|
Diamondback Energy, Inc.,
|
|
|
|
|
5.20%, 04/18/2027
|
|
3,000
|
3,024
|
|
5.15%, 01/30/2030
|
|
4,000
|
4,085
|
|
5.90%, 04/18/2064
|
|
1,000
|
947
|
|
EOG Resources, Inc.,
|
|
|
|
|
4.40%, 07/15/2028
|
|
1,000
|
1,003
|
|
5.35%, 01/15/2036
|
|
1,000
|
1,015
|
|
Expand Energy Corp., 5.38%,
03/15/2030
|
|
3,000
|
3,026
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.,
|
|
|
|
|
6.88%, 05/15/2034(b)
|
|
6,000
|
5,874
|
|
7.25%, 02/15/2035(b)
|
|
17,000
|
16,961
|
|
Woodside Finance Ltd. (Australia),
5.70%, 05/19/2032
|
|
2,000
|
2,075
|
|
|
|
|
62,012
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Refining & Marketing–0.15%
|
|||
|
Sunoco L.P.,
|
|
|
|
|
5.63%, 03/15/2031(b)
|
|
$67,000
|
$66,740
|
|
5.88%, 03/15/2034(b)
|
|
100,000
|
98,966
|
|
7.88%(b)(d)(e)
|
|
84,000
|
85,830
|
|
|
|
|
251,536
|
|
Oil & Gas Storage & Transportation–1.49%
|
|||
|
Antero Midstream Partners L.P./Antero
Midstream Finance Corp.,
|
|
|
|
|
6.63%, 02/01/2032(b)
|
|
36,000
|
36,921
|
|
5.75%, 10/15/2033(b)
|
|
181,000
|
179,117
|
|
Cheniere Energy Partners L.P., 5.95%,
06/30/2033
|
|
1,000
|
1,049
|
|
Cheniere Energy, Inc., 5.20%,
07/30/2036(b)
|
|
62,000
|
61,391
|
|
Columbia Pipelines Holding Co. LLC,
|
|
|
|
|
6.06%, 08/15/2026(b)
|
|
3,000
|
3,014
|
|
5.10%, 10/01/2031(b)
|
|
4,000
|
4,025
|
|
Columbia Pipelines Operating Co. LLC,
5.70%, 10/01/2054(b)
|
|
1,000
|
947
|
|
Enbridge, Inc. (Canada),
|
|
|
|
|
4.85%, 03/27/2031
|
|
174,000
|
174,770
|
|
5.70%, 03/08/2033
|
|
1,000
|
1,036
|
|
5.45%, 03/27/2036(f)
|
|
325,000
|
327,923
|
|
7.63%, 01/15/2083(d)
|
|
2,000
|
2,161
|
|
Energy Transfer L.P.,
|
|
|
|
|
6.10%, 12/01/2028
|
|
2,000
|
2,079
|
|
6.40%, 12/01/2030
|
|
2,000
|
2,137
|
|
4.55%, 01/15/2031
|
|
27,000
|
26,765
|
|
5.35%, 01/15/2036
|
|
1,000
|
993
|
|
8.00%, 05/15/2054(d)
|
|
70,000
|
73,363
|
|
7.13%, 10/01/2054(d)
|
|
291,000
|
295,757
|
|
6.50%, 02/15/2056(d)
|
|
270,000
|
266,926
|
|
Enterprise Products Operating LLC,
|
|
|
|
|
4.30%, 06/20/2028
|
|
5,000
|
5,008
|
|
4.60%, 01/15/2031
|
|
6,000
|
6,012
|
|
5.20%, 01/15/2036
|
|
1,000
|
1,006
|
|
GreenSaif Pipelines Bidco S.a.r.l. (Saudi
Arabia),
|
|
|
|
|
5.85%, 02/23/2036(b)
|
|
205,000
|
205,961
|
|
6.13%, 02/23/2038(b)
|
|
200,000
|
202,756
|
|
6.51%, 02/23/2042(b)
|
|
200,000
|
207,346
|
|
Kinder Morgan, Inc.,
|
|
|
|
|
5.15%, 06/01/2030
|
|
1,000
|
1,023
|
|
4.80%, 02/01/2033
|
|
2,000
|
1,985
|
|
5.20%, 06/01/2033
|
|
1,000
|
1,017
|
|
5.85%, 06/01/2035
|
|
1,000
|
1,048
|
|
MPLX L.P.,
|
|
|
|
|
4.80%, 02/15/2031
|
|
6,000
|
6,016
|
|
5.00%, 01/15/2033
|
|
6,000
|
5,958
|
|
5.40%, 09/15/2035
|
|
1,000
|
996
|
|
NGL Energy Operating LLC/NGL Energy
Finance Corp., 8.38%,
02/15/2032(b)
|
|
19,000
|
19,594
|
|
Northriver Midstream Finance L.P.
(Canada), 6.75%, 07/15/2032(b)
|
|
10,000
|
10,037
|
|
South Bow Canadian Infrastructure
Holdings Ltd. (Canada), 7.63%,
03/01/2055(d)
|
|
67,000
|
69,021
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation–(continued)
|
|||
|
South Bow USA Infrastructure Holdings LLC
(Canada),
|
|
|
|
|
5.03%, 10/01/2029
|
|
$2,000
|
$2,014
|
|
5.58%, 10/01/2034
|
|
1,000
|
994
|
|
6.18%, 10/01/2054
|
|
1,000
|
954
|
|
Southern Co. Gas Capital Corp.,
|
|
|
|
|
Series A, 4.05%, 09/15/2028
|
|
4,000
|
3,971
|
|
Series B, 5.10%, 09/15/2035
|
|
1,000
|
987
|
|
Tallgrass Energy Partners
L.P./Tallgrass Energy Finance Corp.,
7.38%, 02/15/2029(b)
|
|
39,000
|
40,144
|
|
Venture Global LNG, Inc.,
|
|
|
|
|
9.50%, 02/01/2029(b)
|
|
36,000
|
38,945
|
|
9.88%, 02/01/2032(b)
|
|
14,000
|
15,043
|
|
Venture Global Plaquemines LNG LLC,
|
|
|
|
|
7.50%, 05/01/2033(b)
|
|
22,000
|
24,195
|
|
6.50%, 01/15/2034(b)
|
|
18,000
|
18,775
|
|
7.75%, 05/01/2035(b)
|
|
40,000
|
44,856
|
|
6.75%, 01/15/2036(b)
|
|
17,000
|
18,017
|
|
Western Midstream Operating L.P.,
|
|
|
|
|
4.80%, 03/01/2031
|
|
14,000
|
13,866
|
|
6.15%, 04/01/2033
|
|
1,000
|
1,044
|
|
5.45%, 11/15/2034
|
|
1,000
|
991
|
|
5.50%, 12/15/2035
|
|
1,000
|
984
|
|
Williams Cos., Inc. (The),
|
|
|
|
|
5.30%, 08/15/2028
|
|
2,000
|
2,043
|
|
4.80%, 11/15/2029
|
|
4,000
|
4,037
|
|
5.65%, 03/15/2033
|
|
1,000
|
1,033
|
|
5.80%, 11/15/2054
|
|
1,000
|
963
|
|
|
|
|
2,439,014
|
|
Packaged Foods & Meats–0.02%
|
|||
|
Campbell’s Co. (The),
|
|
|
|
|
5.20%, 03/21/2029
|
|
2,000
|
2,019
|
|
5.40%, 03/21/2034
|
|
1,000
|
971
|
|
Mars, Inc.,
|
|
|
|
|
4.80%, 03/01/2030(b)
|
|
4,000
|
4,043
|
|
5.00%, 03/01/2032(b)
|
|
1,000
|
1,012
|
|
McCormick & Co., Inc., 4.15%,
02/15/2029
|
|
20,000
|
19,810
|
|
Post Holdings, Inc., 6.25%,
10/15/2034(b)
|
|
6,000
|
5,881
|
|
|
|
|
33,736
|
|
Paper Products–0.00%
|
|||
|
Magnera Corp., 7.25%,
11/15/2031(b)
|
|
7,000
|
6,487
|
|
Passenger Airlines–0.16%
|
|||
|
American Airlines Pass-Through Trust,
|
|
|
|
|
Series 2021-1, Class A, 2.88%,
07/11/2034
|
|
812
|
728
|
|
Series B, 5.65%, 11/11/2034
|
|
7,000
|
7,049
|
|
4.90%, 05/11/2038
|
|
3,000
|
2,930
|
|
American Airlines, Inc./AAdvantage
Loyalty IP Ltd., 5.50%,
04/20/2026(b)
|
|
25,452
|
25,487
|
|
AS Mileage Plan IP Ltd.,
|
|
|
|
|
5.02%, 10/20/2029(b)
|
|
2,000
|
1,981
|
|
5.31%, 10/20/2031(b)
|
|
2,000
|
1,957
|
|
British Airways Pass-Through Trust
(United Kingdom), Series 2021-1,
Class A, 2.90%, 03/15/2035(b)
|
|
3,128
|
2,876
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines–(continued)
|
|||
|
Delta Air Lines, Inc.,
|
|
|
|
|
4.95%, 07/10/2028
|
|
$6,000
|
$6,023
|
|
5.25%, 07/10/2030
|
|
2,000
|
2,014
|
|
Delta Air Lines, Inc./SkyMiles IP Ltd.,
4.75%, 10/20/2028(b)
|
|
4,355
|
4,350
|
|
United Airlines Holdings, Inc.,
|
|
|
|
|
4.88%, 03/01/2029
|
|
185,000
|
181,408
|
|
5.38%, 03/01/2031
|
|
19,000
|
18,631
|
|
United Airlines Pass-Through Trust,
Series 2020-1, Class A, 5.88%,
10/15/2027
|
|
977
|
994
|
|
|
|
|
256,428
|
|
Passenger Ground Transportation–0.01%
|
|||
|
Uber Technologies, Inc.,
|
|
|
|
|
4.30%, 01/15/2030
|
|
4,000
|
3,969
|
|
4.15%, 01/15/2031
|
|
5,000
|
4,892
|
|
|
|
|
8,861
|
|
Pharmaceuticals–0.77%
|
|||
|
AstraZeneca Finance LLC (United Kingdom),
|
|
|
|
|
4.85%, 02/26/2029
|
|
1,000
|
1,017
|
|
4.90%, 02/26/2031
|
|
3,000
|
3,065
|
|
Bristol-Myers Squibb Co.,
|
|
|
|
|
5.75%, 02/01/2031
|
|
3,000
|
3,169
|
|
6.40%, 11/15/2063
|
|
1,000
|
1,072
|
|
EMD Finance LLC (Germany),
|
|
|
|
|
4.13%, 08/15/2028(b)
|
|
151,000
|
150,319
|
|
4.38%, 10/15/2030(b)
|
|
296,000
|
292,587
|
|
4.63%, 10/15/2032(b)
|
|
150,000
|
147,922
|
|
Merck & Co., Inc.,
|
|
|
|
|
4.15%, 03/15/2031
|
|
50,000
|
49,458
|
|
4.45%, 12/04/2032
|
|
11,000
|
10,928
|
|
5.70%, 12/04/2065
|
|
1,000
|
972
|
|
Novartis Capital Corp.,
|
|
|
|
|
4.40%, 03/18/2031
|
|
100,000
|
100,001
|
|
4.60%, 03/18/2033
|
|
108,000
|
107,573
|
|
4.90%, 03/18/2036
|
|
161,000
|
160,677
|
|
5.60%, 03/18/2046
|
|
70,000
|
70,158
|
|
5.70%, 03/18/2056
|
|
128,000
|
129,005
|
|
Pfizer, Inc.,
|
|
|
|
|
4.20%, 11/15/2030
|
|
14,000
|
13,907
|
|
4.50%, 11/15/2032
|
|
15,000
|
14,882
|
|
5.60%, 11/15/2055
|
|
1,000
|
981
|
|
5.70%, 11/15/2065
|
|
1,000
|
966
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
3,000
|
2,991
|
|
|
|
|
1,261,650
|
|
Property & Casualty Insurance–0.04%
|
|||
|
American International Group, Inc.,
4.85%, 05/07/2030
|
|
4,000
|
4,043
|
|
Asurion LLC and Asurion Co-Issuer,
Inc., 8.38%, 02/01/2034(b)
|
|
54,000
|
52,465
|
|
Travelers Cos., Inc. (The), 5.05%,
07/24/2035
|
|
1,000
|
1,002
|
|
|
|
|
57,510
|
|
Rail Transportation–0.07%
|
|||
|
Canadian Pacific Railway Co. (Canada),
|
|
|
|
|
4.00%, 03/15/2029
|
|
71,000
|
70,242
|
|
5.50%, 03/15/2056
|
|
53,000
|
50,772
|
|
|
|
|
121,014
|
|
|
Principal
Amount
|
Value
|
|
|
Real Estate Development–0.00%
|
|||
|
Essential Properties L.P., 5.40%,
12/01/2035
|
|
$1,000
|
$985
|
|
Prologis Targeted U.S. Logistics Fund
L.P., 4.25%, 01/15/2031(b)
|
|
6,000
|
5,873
|
|
|
|
|
6,858
|
|
Regional Banks–0.42%
|
|||
|
Citizens Financial Group, Inc., 5.30%,
01/29/2036(d)
|
|
9,000
|
8,922
|
|
Huntington Bancshares, Inc.,
|
|
|
|
|
4.62%, 01/28/2032(d)
|
|
120,000
|
118,285
|
|
5.61%, 01/28/2041(d)
|
|
2,000
|
1,953
|
|
Pinnacle Bank, 5.63%, 02/15/2028
|
|
250,000
|
252,887
|
|
Pinnacle Financial Partners, Inc.,
6.17%, 11/01/2030(d)
|
|
2,000
|
2,040
|
|
Regions Financial Corp., 5.72%,
06/06/2030(d)
|
|
1,000
|
1,026
|
|
Truist Financial Corp., 4.60%,
01/27/2032(d)
|
|
50,000
|
49,478
|
|
Zions Bancorporation N.A., 4.70%,
08/18/2028(d)
|
|
259,000
|
256,767
|
|
|
|
|
691,358
|
|
Reinsurance–0.02%
|
|||
|
Fortitude Global Funding, 4.63%,
10/06/2028(b)
|
|
5,000
|
4,952
|
|
Fortitude Group Holdings LLC, 6.25%,
04/01/2030(b)
|
|
2,000
|
2,038
|
|
Reinsurance Group of America, Inc.,
6.38%, 09/15/2056(d)
|
|
25,000
|
24,175
|
|
RGA Global Funding, 5.00%,
08/25/2032(b)
|
|
3,000
|
2,969
|
|
|
|
|
34,134
|
|
Renewable Electricity–0.01%
|
|||
|
Idaho Power Co., 5.20%,
08/15/2034
|
|
1,000
|
1,015
|
|
Southern Power Co.,
|
|
|
|
|
Series A, 4.25%, 10/01/2030
|
|
6,000
|
5,925
|
|
Series B, 4.90%, 10/01/2035
|
|
1,000
|
968
|
|
|
|
|
7,908
|
|
Research & Consulting Services–0.02%
|
|||
|
Verisk Analytics, Inc., 4.45%,
03/15/2031
|
|
33,000
|
32,469
|
|
Restaurants–0.17%
|
|||
|
1011778 BC ULC/New Red Finance,
Inc. (Canada), 5.63%,
09/15/2029(b)
|
|
41,000
|
41,141
|
|
Arcos Dorados B.V. (Brazil), 6.38%,
01/29/2032(b)
|
|
220,000
|
226,490
|
|
McDonald’s Corp.,
|
|
|
|
|
4.80%, 08/14/2028
|
|
3,000
|
3,038
|
|
4.60%, 05/15/2030
|
|
1,000
|
1,009
|
|
4.40%, 02/12/2031
|
|
4,000
|
3,990
|
|
4.95%, 08/14/2033
|
|
1,000
|
1,017
|
|
|
|
|
276,685
|
|
Retail REITs–0.02%
|
|||
|
Brixmor Operating Partnership L.P.,
4.85%, 02/15/2033
|
|
2,000
|
1,968
|
|
|
Principal
Amount
|
Value
|
|
|
Retail REITs–(continued)
|
|||
|
Kimco Realty OP LLC,
|
|
|
|
|
4.85%, 03/01/2035
|
|
$1,000
|
$980
|
|
5.30%, 02/01/2036
|
|
1,000
|
1,011
|
|
Kite Realty Group L.P., 4.95%,
12/15/2031
|
|
4,000
|
3,987
|
|
NNN REIT, Inc., 5.50%, 06/15/2034
|
|
1,000
|
1,017
|
|
Realty Income Corp.,
|
|
|
|
|
2.20%, 06/15/2028
|
|
2,000
|
1,910
|
|
5.63%, 10/13/2032
|
|
2,000
|
2,089
|
|
4.50%, 02/01/2033
|
|
2,000
|
1,951
|
|
Regency Centers L.P.,
|
|
|
|
|
5.00%, 07/15/2032
|
|
1,000
|
1,008
|
|
4.50%, 03/15/2033
|
|
7,000
|
6,829
|
|
5.25%, 01/15/2034
|
|
1,000
|
1,011
|
|
5.10%, 01/15/2035
|
|
1,000
|
999
|
|
|
|
|
24,760
|
|
Security & Alarm Services–0.06%
|
|||
|
Brink’s Co. (The), 4.63%,
10/15/2027(b)
|
|
95,000
|
93,818
|
|
Self-Storage REITs–0.01%
|
|||
|
Americold Realty Operating Partnership
L.P., 5.60%, 05/15/2032
|
|
2,000
|
1,979
|
|
Extra Space Storage L.P.,
|
|
|
|
|
5.70%, 04/01/2028
|
|
2,000
|
2,043
|
|
4.95%, 01/15/2033
|
|
3,000
|
2,967
|
|
Goodman US Finance Six LLC
(Australia), 5.13%, 10/07/2034(b)
|
|
1,000
|
997
|
|
Prologis L.P.,
|
|
|
|
|
4.88%, 06/15/2028
|
|
2,000
|
2,024
|
|
4.75%, 01/15/2031
|
|
4,000
|
4,043
|
|
5.13%, 01/15/2034
|
|
1,000
|
1,011
|
|
|
|
|
15,064
|
|
Semiconductors–1.56%
|
|||
|
Broadcom, Inc., 5.20%, 07/15/2035
|
|
1,000
|
1,008
|
|
Foundry JV Holdco LLC,
|
|
|
|
|
5.90%, 01/25/2030(b)
|
|
205,000
|
212,260
|
|
5.50%, 01/25/2031(b)
|
|
200,000
|
204,342
|
|
6.15%, 01/25/2032(b)
|
|
405,000
|
423,116
|
|
5.90%, 01/25/2033(b)
|
|
213,000
|
219,168
|
|
5.88%, 01/25/2034(b)
|
|
110,000
|
111,476
|
|
6.25%, 01/25/2035(b)
|
|
272,000
|
285,172
|
|
6.10%, 01/25/2036(b)
|
|
205,000
|
211,404
|
|
6.20%, 01/25/2037(b)
|
|
200,000
|
206,917
|
|
6.40%, 01/25/2038(b)
|
|
153,000
|
159,681
|
|
6.30%, 01/25/2039(b)
|
|
200,000
|
208,592
|
|
Micron Technology, Inc.,
|
|
|
|
|
5.30%, 01/15/2031
|
|
2,000
|
2,094
|
|
5.65%, 11/01/2032
|
|
2,000
|
2,112
|
|
SK hynix, Inc. (South Korea),
|
|
|
|
|
4.25%, 09/11/2028(b)
|
|
205,000
|
203,910
|
|
4.38%, 09/11/2030(b)
|
|
114,000
|
113,034
|
|
|
|
|
2,564,286
|
|
Single-Family Residential REITs–0.00%
|
|||
|
Invitation Homes Operating Partnership
L.P., 4.88%, 02/01/2035
|
|
1,000
|
955
|
|
|
Principal
Amount
|
Value
|
|
|
Soft Drinks & Non-alcoholic Beverages–0.01%
|
|||
|
Keurig Dr Pepper, Inc., 4.35%,
05/15/2028
|
|
$3,000
|
$2,990
|
|
PepsiCo, Inc.,
|
|
|
|
|
4.10%, 01/15/2029
|
|
6,000
|
5,998
|
|
4.60%, 02/07/2030
|
|
3,000
|
3,040
|
|
|
|
|
12,028
|
|
Sovereign Debt–2.12%
|
|||
|
Benin Sukuk S.A. (Benin), 6.20%,
01/29/2033(b)
|
|
207,000
|
192,362
|
|
Brazilian Government International
Bond (Brazil), 7.25%, 01/12/2056
|
|
200,000
|
196,610
|
|
Colombia Government International Bond
(Colombia),
|
|
|
|
|
5.38%, 01/21/2029
|
|
410,000
|
406,720
|
|
6.13%, 01/21/2031
|
|
209,000
|
205,865
|
|
6.50%, 01/21/2033
|
|
221,000
|
216,691
|
|
Dominican Republic International Bond
(Dominican Republic),
|
|
|
|
|
5.75%, 03/17/2034(b)
|
|
181,000
|
172,765
|
|
6.15%, 05/17/2038(b)
|
|
101,000
|
95,753
|
|
Egyptian Financial Co. for Sovereign
Taskeek (The) (Egypt), 6.38%,
04/07/2029(b)
|
|
200,000
|
195,599
|
|
Guatemala Government Bond
(Guatemala), 6.05%,
08/06/2031(b)
|
|
200,000
|
204,100
|
|
Israel Government International Bond
(Israel), 5.00%, 01/13/2036
|
|
70,000
|
67,538
|
|
Korea National Oil Corp. (South Korea),
|
|
|
|
|
4.50%, 03/30/2029(b)
|
|
297,000
|
297,760
|
|
4.63%, 03/30/2031(b)
|
|
206,000
|
206,181
|
|
Kuwait International Government Bond
(Kuwait), 4.14%, 10/09/2030(b)
|
|
200,000
|
195,930
|
|
Mexico Government International Bond
(Mexico), 4.75%, 03/22/2031(f)
|
|
312,000
|
305,292
|
|
Republic of Poland Government
International Bond (Poland), 5.75%,
11/16/2032
|
|
5,000
|
5,259
|
|
Romanian Government International Bond
(Romania),
|
|
|
|
|
6.63%, 02/17/2028(b)
|
|
138,000
|
141,080
|
|
5.88%, 01/30/2029(b)
|
|
90,000
|
90,721
|
|
7.13%, 01/17/2033(b)
|
|
62,000
|
64,913
|
|
Trinidad & Tobago Government
International Bond (Trinidad),
6.40%, 06/26/2034(b)
|
|
210,000
|
209,685
|
|
|
|
|
3,470,824
|
|
Specialized Consumer Services–0.13%
|
|||
|
Rentokil Terminix Funding LLC,
|
|
|
|
|
5.00%, 04/28/2030(b)
|
|
208,000
|
208,909
|
|
5.63%, 04/28/2035(b)
|
|
6,000
|
6,045
|
|
|
|
|
214,954
|
|
Specialty Chemicals–0.01%
|
|||
|
Sherwin-Williams Co. (The),
|
|
|
|
|
4.30%, 08/15/2028
|
|
5,000
|
4,991
|
|
4.50%, 08/15/2030
|
|
5,000
|
4,992
|
|
|
|
|
9,983
|
|
|
Principal
Amount
|
Value
|
|
|
Steel–0.25%
|
|||
|
Cleveland-Cliffs, Inc.,
|
|
|
|
|
6.88%, 11/01/2029(b)
|
|
$45,000
|
$45,026
|
|
7.63%, 01/15/2034(b)
|
|
163,000
|
159,401
|
|
POSCO Holdings, Inc. (South Korea),
5.13%, 05/07/2030(b)
|
|
211,000
|
213,017
|
|
|
|
|
417,444
|
|
Systems Software–0.23%
|
|||
|
Oak-Eagle AcquireCo, Inc., 7.25%,
07/01/2033(b)
|
|
71,000
|
73,609
|
|
Oracle Corp.,
|
|
|
|
|
4.55%, 02/04/2029
|
|
71,000
|
70,117
|
|
4.78% (SOFR + 1.11%),
02/04/2029(c)
|
|
53,000
|
52,537
|
|
4.45%, 09/26/2030
|
|
3,000
|
2,892
|
|
4.95%, 02/04/2031
|
|
95,000
|
92,984
|
|
6.25%, 11/09/2032
|
|
1,000
|
1,027
|
|
4.90%, 02/06/2033
|
|
1,000
|
948
|
|
5.35%, 05/04/2033
|
|
17,000
|
16,555
|
|
5.70%, 02/04/2036
|
|
17,000
|
16,353
|
|
6.55%, 02/04/2046
|
|
24,000
|
22,406
|
|
6.90%, 11/09/2052
|
|
1,000
|
945
|
|
5.38%, 09/27/2054
|
|
1,000
|
776
|
|
6.00%, 08/03/2055
|
|
1,000
|
839
|
|
5.95%, 09/26/2055
|
|
1,000
|
842
|
|
6.70%, 02/04/2056
|
|
17,000
|
15,790
|
|
5.50%, 09/27/2064
|
|
1,000
|
767
|
|
6.13%, 08/03/2065
|
|
1,000
|
833
|
|
6.85%, 02/04/2066
|
|
6,000
|
5,521
|
|
|
|
|
375,741
|
|
Telecom Tower REITs–0.06%
|
|||
|
SBA Communications Corp., 3.88%,
02/15/2027
|
|
95,000
|
94,091
|
|
Tobacco–0.03%
|
|||
|
B.A.T. Capital Corp. (United Kingdom),
|
|
|
|
|
5.83%, 02/20/2031
|
|
1,000
|
1,047
|
|
4.63%, 03/22/2033
|
|
2,000
|
1,958
|
|
6.00%, 02/20/2034
|
|
1,000
|
1,057
|
|
7.08%, 08/02/2043
|
|
1,000
|
1,100
|
|
Philip Morris International, Inc.,
|
|
|
|
|
4.38%, 11/01/2027
|
|
4,000
|
4,011
|
|
5.13%, 11/17/2027
|
|
3,000
|
3,041
|
|
4.88%, 02/15/2028
|
|
1,000
|
1,011
|
|
4.13%, 04/28/2028
|
|
3,000
|
2,996
|
|
5.25%, 09/07/2028
|
|
2,000
|
2,051
|
|
4.88%, 02/13/2029
|
|
2,000
|
2,030
|
|
4.63%, 11/01/2029
|
|
4,000
|
4,037
|
|
4.38%, 04/30/2030
|
|
2,000
|
1,990
|
|
4.00%, 10/29/2030
|
|
6,000
|
5,877
|
|
5.13%, 02/13/2031
|
|
1,000
|
1,024
|
|
4.75%, 11/01/2031
|
|
4,000
|
4,020
|
|
5.75%, 11/17/2032
|
|
2,000
|
2,106
|
|
5.38%, 02/15/2033
|
|
3,000
|
3,085
|
|
5.63%, 09/07/2033
|
|
1,000
|
1,044
|
|
4.88%, 04/30/2035
|
|
1,000
|
985
|
|
|
|
|
44,470
|
|
Trading Companies & Distributors–0.13%
|
|||
|
Air Lease Corp., Series B, 4.65%(d)(e)
|
|
60,000
|
59,891
|
|
|
Principal
Amount
|
Value
|
|
|
Trading Companies & Distributors–(continued)
|
|||
|
Aircastle Ltd./Aircastle Ireland DAC,
5.00%, 09/15/2030(b)
|
|
$150,000
|
$149,717
|
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
6,000
|
5,906
|
|
|
|
|
215,514
|
|
Transaction & Payment Processing Services–0.00%
|
|||
|
Mastercard, Inc., 4.85%,
03/09/2033
|
|
1,000
|
1,014
|
|
Wireless Telecommunication Services–0.05%
|
|||
|
Sprint Spectrum Co. LLC/Sprint
Spectrum Co. II LLC/Sprint Spectrum
Co. III LLC, 5.15%, 03/20/2028(b)
|
|
83,600
|
84,029
|
|
T-Mobile USA, Inc.,
|
|
|
|
|
5.65%, 01/15/2053
|
|
1,000
|
946
|
|
6.00%, 06/15/2054
|
|
1,000
|
991
|
|
5.88%, 11/15/2055
|
|
1,000
|
976
|
|
5.70%, 01/15/2056
|
|
1,000
|
952
|
|
|
|
|
87,894
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $75,207,912)
|
75,345,614
|
||
|
|
|||
|
Asset-Backed Securities–29.91%
|
|||
|
Adjustable Rate Mortgage Trust,
Series 2004-2, Class 6A1, 0.71%,
02/25/2035(h)
|
|
128
|
127
|
|
AGL CLO 17 Ltd., Series 2022-17A,
Class AR, 4.62% (3 mo. Term SOFR
+ 0.95%), 01/21/2035(b)(c)
|
|
307,000
|
306,481
|
|
ALA Trust, Series 2025-OANA, Class B,
5.52% (1 mo. Term SOFR +
1.84%), 06/15/2040(b)(c)
|
|
610,000
|
612,536
|
|
AMSR Trust, Series 2021-SFR3,
Class B, 1.73%, 10/17/2038(b)
|
|
380,000
|
373,246
|
|
Angel Oak Mortgage Trust,
|
|
|
|
|
Series 2020-1, Class A1, 2.16%,
12/25/2059(b)(h)
|
|
13,376
|
13,123
|
|
Series 2020-3, Class A1, 1.69%,
04/25/2065(b)(h)
|
|
59,447
|
57,170
|
|
Series 2020-5, Class A1, 1.37%,
05/25/2065(b)(h)
|
|
6,074
|
5,888
|
|
Series 2021-3, Class A1, 1.07%,
05/25/2066(b)(h)
|
|
59,043
|
51,341
|
|
Series 2021-7, Class A1, 1.98%,
10/25/2066(b)(h)
|
|
148,599
|
129,299
|
|
Series 2022-1, Class A1, 3.88%,
12/25/2066(b)
|
|
267,892
|
253,352
|
|
Series 2023-6, Class A1, 6.50%,
12/25/2067(b)
|
|
63,922
|
64,186
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(b)
|
|
207,688
|
207,988
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(b)
|
|
269,913
|
271,191
|
|
Series 2025-HB1, Class A1, 5.46%
(30 Day Average SOFR + 1.80%),
02/25/2055(b)(c)
|
|
66,656
|
66,954
|
|
Ares LIII CLO Ltd., Series 2019-53A,
Class A1R2, 4.76% (3 mo. Term
SOFR + 1.09%), 10/24/2036(b)(c)
|
|
250,000
|
249,250
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Avis Budget Rental Car Funding (AESOP) LLC,
|
|
|
|
|
Series 2022-1A, Class A, 3.83%,
08/21/2028(b)
|
|
$560,000
|
$557,233
|
|
Series 2023-1A, Class A, 5.25%,
04/20/2029(b)
|
|
102,000
|
103,469
|
|
Series 2023-4A, Class A, 5.49%,
06/20/2029(b)
|
|
354,000
|
360,984
|
|
Series 2025-3A, Class A, 4.17%,
02/20/2030(b)
|
|
156,000
|
154,901
|
|
Series 2025-3A, Class B, 4.46%,
02/20/2030(b)
|
|
100,000
|
98,996
|
|
Series 2025-4A, Class A, 4.40%,
02/20/2032(b)
|
|
350,000
|
345,905
|
|
Series 2025-4A, Class B, 4.77%,
02/20/2032(b)
|
|
154,000
|
151,312
|
|
Series 2025-4A, Class C, 5.26%,
02/20/2032(b)
|
|
100,000
|
97,981
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands),
|
|
|
|
|
Series 2019-3A, Class ARR, 4.70%
(3 mo. Term SOFR + 1.03%),
10/21/2034(b)(c)
|
|
250,000
|
249,342
|
|
Series 2021-1A, Class AR, 4.61%
(3 mo. Term SOFR + 0.94%),
04/18/2034(b)(c)
|
|
175,000
|
174,522
|
|
Series 2021-3A, Class AR, 4.73%
(3 mo. Term SOFR + 1.06%),
07/24/2034(b)(c)
|
|
250,000
|
249,505
|
|
Banc of America Funding Trust,
|
|
|
|
|
Series 2007-1, Class 1A3, 6.00%,
01/25/2037
|
|
27,270
|
23,757
|
|
Series 2007-C, Class 1A4, 4.38%,
05/20/2036(h)
|
|
6,797
|
5,987
|
|
Banc of America Mortgage Trust,
Series 2007-1, Class 1A24,
6.00%, 03/25/2037
|
|
17,524
|
15,027
|
|
Bank, Series 2019-BNK16, Class XA,
IO, 0.93%, 02/15/2052(i)
|
|
1,358,476
|
27,243
|
|
Bank5, Series 2024-5YR10, Class A,
5.64%, 10/15/2057
|
|
90,000
|
91,618
|
|
Barings CLO Ltd., Series 2021-2A,
Class A1R, 4.74% (3 mo. Term
SOFR + 1.07%), 07/15/2034(b)(c)
|
|
320,000
|
319,849
|
|
Barings Equipment Finance LLC,
Series 2025-B, Class A3, 4.13%,
10/13/2032(b)
|
|
200,000
|
199,060
|
|
Bayview MSR Opportunity Master Fund Trust,
|
|
|
|
|
Series 2021-4, Class A3, 3.00%,
10/25/2051(b)(h)
|
|
258,902
|
225,345
|
|
Series 2021-4, Class A4, 2.50%,
10/25/2051(b)(h)
|
|
258,902
|
215,571
|
|
Series 2021-4, Class A8, 2.50%,
10/25/2051(b)(h)
|
|
222,203
|
199,868
|
|
Series 2021-5, Class A1, 3.00%,
11/25/2051(b)(h)
|
|
260,460
|
226,532
|
|
Series 2021-5, Class A2, 2.50%,
11/25/2051(b)(h)
|
|
317,594
|
265,027
|
|
Bear Stearns Adjustable Rate Mortgage
Trust,
|
|
|
|
|
Series 2005-9, Class A1, 0.76% (1
yr. U.S. Treasury Yield Curve Rate +
2.30%), 10/25/2035(c)
|
|
15,971
|
15,479
|
|
Series 2006-1, Class A1, 0.65% (1
yr. U.S. Treasury Yield Curve Rate +
2.25%), 02/25/2036(c)
|
|
19,150
|
18,597
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Beechwood Park CLO Ltd.,
Series 2019-1A, Class A1RR,
4.74% (3 mo. Term SOFR +
1.07%), 01/17/2035(b)(c)
|
|
$250,000
|
$249,684
|
|
Benchmark Mortgage Trust,
|
|
|
|
|
Series 2018-B1, Class XA, IO,
0.52%, 01/15/2051(i)
|
|
1,070,824
|
8,987
|
|
Series 2019-B14, Class A5,
3.05%, 12/15/2062
|
|
90,000
|
85,066
|
|
Series 2026-V20, Class AM,
5.44%, 02/15/2059
|
|
105,000
|
106,100
|
|
Benefit Street Partners CLO XXIII Ltd.,
Series 2021-23A, Class A1R,
4.77% (3 mo. Term SOFR +
1.10%), 04/25/2034(b)(c)
|
|
240,000
|
239,750
|
|
Benefit Street Partners CLO XXV Ltd.,
Series 2021-25A, Class A1R,
4.67% (3 mo. Term SOFR +
1.00%), 01/15/2035(b)(c)
|
|
278,000
|
277,305
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 5.05% (3 mo. Term SOFR +
1.27%), 11/21/2033(b)(c)
|
|
250,000
|
250,096
|
|
BRAVO Residential Funding Trust,
Series 2021-NQM2, Class A1,
0.97%, 03/25/2060(b)(h)
|
|
13,547
|
13,365
|
|
BSTN Commercial Mortgage Trust,
Series 2025-1C, Class A, 5.01%,
06/15/2044(b)(h)
|
|
660,000
|
672,145
|
|
BX Commercial Mortgage Trust,
|
|
|
|
|
Series 2021-ACNT, Class A, 4.64%
(1 mo. Term SOFR + 0.96%),
11/15/2038(b)(c)
|
|
175,557
|
175,476
|
|
Series 2024-VLT5, Class A, 5.05%,
11/13/2046(b)(h)
|
|
350,000
|
350,509
|
|
Series 2024-VLT5, Class B, 5.41%,
11/13/2046(b)(h)
|
|
130,000
|
131,740
|
|
Series 2026-CSMO, Class A, 5.07%
(1 mo. Term SOFR + 1.40%),
02/15/2043(b)(c)
|
|
470,000
|
470,704
|
|
BX Trust,
|
|
|
|
|
Series 2022-LBA6, Class A, 4.67%
(1 mo. Term SOFR + 1.00%),
01/15/2039(b)(c)
|
|
320,000
|
320,013
|
|
Series 2022-LBA6, Class B, 4.97%
(1 mo. Term SOFR + 1.30%),
01/15/2039(b)(c)
|
|
230,000
|
230,053
|
|
Series 2022-LBA6, Class C, 5.27%
(1 mo. Term SOFR + 1.60%),
01/15/2039(b)(c)
|
|
100,000
|
100,042
|
|
Series 2025-VLT6, Class A, 5.12%
(1 mo. Term SOFR + 1.44%),
03/15/2042(b)(c)
|
|
185,000
|
183,995
|
|
Series 2025-VLT7, Class A, 5.37%
(1 mo. Term SOFR + 1.70%),
07/15/2044(b)(c)
|
|
358,000
|
357,046
|
|
Series 2025-VOLT, Class A, 5.37%
(1 mo. Term SOFR + 1.70%),
12/15/2044(b)(c)
|
|
250,000
|
249,674
|
|
Series 2025-VOLT, Class B, 5.77%
(1 mo. Term SOFR + 2.10%),
12/15/2044(b)(c)
|
|
230,000
|
228,801
|
|
Series 2025-VOLT, Class C, 6.02%
(1 mo. Term SOFR + 2.35%),
12/15/2044(b)(c)
|
|
310,000
|
308,832
|
|
Series 2025-VOLT, Class D, 6.42%
(1 mo. Term SOFR + 2.75%),
12/15/2044(b)(c)
|
|
105,000
|
104,544
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2026-OPTM, Class A, 4.95%
(1 mo. Term SOFR + 1.20%),
03/15/2039(b)(c)
|
|
$305,000
|
$303,352
|
|
Carlyle Global Market Strategies CLO Ltd.
(Cayman Islands),
|
|
|
|
|
Series 2015-4A, Class A1R3,
4.59% (3 mo. Term SOFR +
0.92%), 07/20/2032(b)(c)
|
|
170,124
|
170,347
|
|
Series 2015-5A, Class A1R4,
4.55% (3 mo. Term SOFR +
0.88%), 01/20/2032(b)(c)
|
|
304,184
|
304,347
|
|
Carlyle US CLO Ltd., Series 2022-1A,
Class A1R, 4.65% (3 mo. Term
SOFR + 0.98%), 04/15/2035(b)(c)
|
|
254,120
|
254,114
|
|
CD Mortgage Trust, Series 2017-CD6,
Class XA, IO, 0.87%,
11/13/2050(i)
|
|
515,106
|
4,970
|
|
Cedar Funding VI CLO Ltd.,
Series 2016-6A, Class AR3, 4.76%
(3 mo. Term SOFR + 1.09%),
04/20/2034(b)(c)
|
|
500,000
|
499,800
|
|
Cedar Funding XI CLO Ltd.,
Series 2019-11A, Class A1R2,
4.73% (3 mo. Term SOFR +
1.06%), 05/29/2032(b)(c)
|
|
152,292
|
152,595
|
|
Centersquare Issuer LLC,
Series 2025-3A, Class A2, 5.00%,
08/25/2055(b)
|
|
235,000
|
224,703
|
|
Chase Home Lending Mortgage Trust,
|
|
|
|
|
Series 2019-ATR1, Class A15,
4.00%, 04/25/2049(b)(h)
|
|
2,902
|
2,764
|
|
Series 2019-ATR2, Class A3,
3.50%, 07/25/2049(b)(h)
|
|
16,742
|
15,312
|
|
Chase Mortgage Finance Corp.,
|
|
|
|
|
Series 2016-SH1, Class M3,
3.75%, 04/25/2045(b)(h)
|
|
16,739
|
15,530
|
|
Series 2016-SH2, Class M3,
3.75%, 12/25/2045(b)(h)
|
|
21,929
|
20,365
|
|
Chase Mortgage Finance Trust,
Series 2005-A2, Class 1A3,
4.66%, 01/25/2036(h)
|
|
20,217
|
18,850
|
|
CIFC Funding Ltd., Series 2022-3A,
Class AR, 4.62% (3 mo. Term SOFR
+ 0.95%), 04/21/2035(b)(c)
|
|
301,000
|
301,147
|
|
Citigroup Commercial Mortgage Trust,
Series 2017-C4, Class XA, IO,
0.97%, 10/12/2050(i)
|
|
1,528,733
|
17,209
|
|
Citigroup Mortgage Loan Trust,
|
|
|
|
|
Series 2006-AR1, Class 1A1,
5.90% (1 yr. U.S. Treasury Yield
Curve Rate + 2.40%),
10/25/2035(c)
|
|
43,189
|
42,050
|
|
Series 2021-INV3, Class A3,
2.50%, 05/25/2051(b)(h)
|
|
256,260
|
213,372
|
|
Series 2024-1, Class A3A, 6.00%,
07/25/2054(b)(h)
|
|
164,459
|
165,499
|
|
CLI Funding IX LLC, Series 2025-1A,
Class A, 5.35%, 06/20/2050(b)
|
|
92,792
|
93,723
|
|
Clover CLO LLC, Series 2021-3A,
Class AR, 4.74% (3 mo. Term SOFR
+ 1.07%), 01/25/2035(b)(c)
|
|
265,000
|
264,337
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
COLT Mortgage Loan Trust,
|
|
|
|
|
Series 2021-5, Class A1, 1.73%,
11/26/2066(b)(h)
|
|
$63,511
|
$57,765
|
|
Series 2022-1, Class A1, 2.28%,
12/27/2066(b)(h)
|
|
163,461
|
150,381
|
|
Series 2022-2, Class A1, 3.99%,
02/25/2067(b)
|
|
182,697
|
174,584
|
|
Series 2022-3, Class A1, 3.90%,
02/25/2067(b)(h)
|
|
235,695
|
230,833
|
|
Compass Datacenters Issuer II LLC,
Series 2025-2A, Class A1, 4.93%,
11/25/2050(b)
|
|
130,000
|
128,132
|
|
Countrywide Home Loans Mortgage
Pass-Through Trust,
|
|
|
|
|
Series 2005-17, Class 1A8,
5.50%, 09/25/2035
|
|
1,657
|
1,629
|
|
Series 2005-26, Class 1A8,
5.50%, 11/25/2035
|
|
23,422
|
13,307
|
|
Series 2005-J4, Class A7, 5.50%,
11/25/2035
|
|
2,747
|
2,248
|
|
Credit Suisse Mortgage Capital Trust,
|
|
|
|
|
Series 2021-NQM1, Class A1,
0.81%, 05/25/2065(b)(h)
|
|
25,903
|
23,244
|
|
Series 2021-NQM2, Class A1,
1.18%, 02/25/2066(b)(h)
|
|
66,076
|
59,428
|
|
Series 2022-ATH1, Class A1A,
3.87%, 01/25/2067(b)(h)
|
|
221,358
|
216,387
|
|
Series 2022-ATH1, Class A1B,
4.35%, 01/25/2067(b)(h)
|
|
115,000
|
107,060
|
|
Series 2022-ATH2, Class A1,
4.55%, 05/25/2067(b)(h)
|
|
204,066
|
203,542
|
|
Cross Mortgage Trust,
|
|
|
|
|
Series 2024-H2, Class A1, 6.09%,
04/25/2069(b)
|
|
107,079
|
107,748
|
|
Series 2024-H8, Class A1, 5.55%,
12/25/2069(b)(h)
|
|
238,897
|
239,815
|
|
Series 2026-NQM3, Class A1,
5.13%, 03/25/2071(b)(h)
|
|
210,000
|
209,698
|
|
Series 2026-NQM4, Class A1,
5.49%, 04/25/2071(b)(h)
|
|
130,000
|
130,160
|
|
CSAIL Commercial Mortgage Trust,
Series 2020-C19, Class A3,
2.56%, 03/15/2053
|
|
776,000
|
705,528
|
|
CSFB Mortgage-Backed Pass-Through
Ctfs., Series 2004-AR5, Class 3A1,
4.50%, 06/25/2034(h)
|
|
4,321
|
4,103
|
|
CSMC Mortgage-Backed Trust,
Series 2006-6, Class 1A4, 6.00%,
07/25/2036
|
|
91,532
|
39,107
|
|
DB Master Finance LLC,
|
|
|
|
|
Series 2019-1A, Class A23,
4.35%, 05/20/2049(b)
|
|
46,750
|
46,279
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(b)
|
|
119,700
|
118,832
|
|
Series 2025-1A, Class A2II,
5.17%, 08/20/2055(b)
|
|
89,775
|
88,677
|
|
Domino’s Pizza Master Issuer LLC,
|
|
|
|
|
Series 2019-1A, Class A2, 3.67%,
10/25/2049(b)
|
|
104,640
|
100,669
|
|
Series 2025-1A, Class A2I, 4.93%,
07/25/2055(b)
|
|
370,000
|
369,278
|
|
Series 2025-1A, Class A2II,
5.22%, 07/25/2055(b)
|
|
300,000
|
299,157
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Ellington Financial Mortgage Trust,
|
|
|
|
|
Series 2019-2, Class A1, 2.74%,
11/25/2059(b)(h)
|
|
$6,797
|
$6,625
|
|
Series 2021-1, Class A1, 0.80%,
02/25/2066(b)(h)
|
|
22,655
|
19,819
|
|
Series 2022-1, Class A1, 2.21%,
01/25/2067(b)(h)
|
|
180,812
|
161,894
|
|
Series 2022-3, Class A1, 5.00%,
08/25/2067(b)
|
|
203,100
|
202,587
|
|
Series 2024-INV2, Class A1,
5.04%, 10/25/2069(b)
|
|
123,997
|
123,682
|
|
Series 2025-NQM2, Class A1,
5.60%, 06/25/2070(b)(h)
|
|
230,001
|
231,071
|
|
Series 2026-NQM3, Class A1,
5.03%, 03/25/2071(b)(h)
|
|
360,810
|
359,617
|
|
Enterprise Fleet Financing LLC,
|
|
|
|
|
Series 2024-2, Class A4, 5.69%,
12/20/2030(b)
|
|
52,000
|
53,246
|
|
Series 2024-4, Class A3, 4.56%,
11/20/2028(b)
|
|
110,000
|
110,666
|
|
Series 2025-4, Class A3, 4.11%,
12/20/2029(b)
|
|
160,000
|
159,229
|
|
First Horizon Alternative Mortgage
Securities Trust, Series 2005-FA8,
Class 1A6, 4.44% (1 mo. Term
SOFR + 0.76%), 11/25/2035(c)
|
|
48,924
|
17,709
|
|
Flagstar Mortgage Trust,
|
|
|
|
|
Series 2021-11IN, Class A6,
3.70%, 11/25/2051(b)(h)
|
|
358,831
|
322,389
|
|
Series 2021-8INV, Class A6,
2.50%, 09/25/2051(b)(h)
|
|
115,917
|
104,451
|
|
Fort Greene Park CLO LLC,
Series 2025-2A, Class AR, 4.62%
(3 mo. Term SOFR + 0.95%),
04/22/2034(b)(c)
|
|
250,000
|
249,379
|
|
GCAT Trust,
|
|
|
|
|
Series 2019-NQM3, Class A1,
3.69%, 11/25/2059(b)(h)
|
|
6,878
|
6,761
|
|
Series 2025-NQM2, Class A1,
5.60%, 04/25/2070(b)
|
|
130,651
|
131,335
|
|
GGP Trust, Series 2026-TY, Class A,
4.67%, 03/05/2043(b)(h)
|
|
285,000
|
281,876
|
|
GMACM Mortgage Loan Trust,
Series 2006-AR1, Class 1A1,
3.36%, 04/19/2036(h)
|
|
26,461
|
22,026
|
|
GoldenTree Loan Management US CLO
8 Ltd., Series 2020-8A, Class ARR,
4.82% (3 mo. Term SOFR +
1.15%), 10/20/2034(b)(c)
|
|
250,000
|
250,089
|
|
Golub Capital Partners CLO 53(B) Ltd.,
Series 2021-53A, Class AR, 4.65%
(3 mo. Term SOFR + 0.98%),
07/20/2034(b)(c)
|
|
451,000
|
450,098
|
|
GS Mortgage Securities Trust,
|
|
|
|
|
Series 2020-GC45, Class A5,
2.91%, 02/13/2053
|
|
50,000
|
47,218
|
|
Series 2020-GC47, Class A5,
2.38%, 05/12/2053
|
|
300,000
|
275,172
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
GS Mortgage-Backed Securities Trust,
|
|
|
|
|
Series 2021-INV1, Class A6,
2.50%, 12/25/2051(b)(h)
|
|
$209,838
|
$188,611
|
|
Series 2025-HE1, Class A1, 5.21%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(c)
|
|
114,153
|
114,375
|
|
Series 2025-NQM4, Class A1,
5.01%, 10/25/2065(b)
|
|
244,536
|
243,783
|
|
Series 2025-NQM5, Class A1,
5.01%, 07/25/2065(b)
|
|
226,383
|
225,336
|
|
GSR Mortgage Loan Trust,
Series 2005-AR4, Class 6A1,
4.99%, 07/25/2035(h)
|
|
3,914
|
3,774
|
|
Harbor Park CLO Ltd., Series 2018-1A,
Class AR2, 4.62% (3 mo. Term
SOFR + 0.95%), 01/20/2031(b)(c)
|
|
273,093
|
273,120
|
|
Hertz Vehicle Financing III L.P.,
|
|
|
|
|
Series 2021-2A, Class A, 1.68%,
12/27/2027(b)
|
|
113,000
|
111,448
|
|
Series 2021-2A, Class B, 2.12%,
12/27/2027(b)
|
|
103,000
|
101,543
|
|
Hilton Grand Vacations Trust,
Series 2025-1A, Class A, 4.88%,
05/27/2042(b)
|
|
241,273
|
242,219
|
|
Invitation Homes Trust,
Series 2024-SFR1, Class A, 4.00%,
09/17/2041(b)
|
|
99,750
|
97,248
|
|
IP Mortgage Trust,
|
|
|
|
|
Series 2025-IP, Class A, 5.25%,
06/10/2042(b)(h)
|
|
294,000
|
296,630
|
|
Series 2025-IP, Class B, 5.54%,
06/10/2042(b)(h)
|
|
280,000
|
282,559
|
|
J.P. Morgan Mortgage Trust,
|
|
|
|
|
Series 2025-NQM3, Class A1,
5.50%, 11/25/2065(b)(h)
|
|
242,841
|
243,786
|
|
Series 2025-NQM4, Class A1,
4.95%, 03/25/2066(b)(h)
|
|
64,924
|
64,702
|
|
Jersey Mike’s Funding, Series 2025-
1A, Class A2, 5.61%,
08/16/2055(b)
|
|
199,000
|
202,315
|
|
JP Morgan Mortgage Trust,
|
|
|
|
|
Series 2007-A1, Class 5A1,
5.04%, 07/25/2035(h)
|
|
6,844
|
6,844
|
|
Series 2021-LTV2, Class A1,
2.52%, 05/25/2052(b)(h)
|
|
282,691
|
241,091
|
|
Series 2024-8, Class A3, 5.50%,
01/25/2055(b)(h)
|
|
35,052
|
34,904
|
|
Series 2024-VIS1, Class A1,
5.99%, 07/25/2064(b)(h)
|
|
183,197
|
184,246
|
|
JPMBB Commercial Mortgage Securities
Trust,
|
|
|
|
|
Series 2014-C24, Class B, 4.12%,
11/15/2047(h)
|
|
245,000
|
231,109
|
|
Series 2015-C27, Class XA, IO,
0.57%, 02/15/2048(i)
|
|
245,995
|
70
|
|
Juniper Valley Park CLO Ltd.,
Series 2023-1A, Class ARR, 4.75%
(3 mo. Term SOFR + 1.08%),
07/20/2036(b)(c)
|
|
530,000
|
529,119
|
|
KKR CLO 15 Ltd., Series 15,
Class A1R2, 4.77% (3 mo. Term
SOFR + 1.10%), 01/18/2032(b)(c)
|
|
94,860
|
94,894
|
|
Life Mortgage Trust, Series 2021-BMR,
Class C, 4.89% (1 mo. Term SOFR +
1.21%), 03/15/2038(b)(c)
|
|
11,748
|
11,643
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Lightpath Fiber Issuer LLC,
|
|
|
|
|
Series 2026-1A, Class A2, 5.60%,
03/25/2056(b)
|
|
$300,000
|
$299,900
|
|
Series 2026-1A, Class B, 5.89%,
03/25/2056(b)
|
|
100,000
|
100,138
|
|
Magnetite XXXI Ltd., Series 2021-31A,
Class A1R, 4.67% (3 mo. Term
SOFR + 1.00%), 07/15/2034(b)(c)
|
|
355,000
|
354,112
|
|
MASTR Asset Backed Securities Trust,
Series 2006-WMC3, Class A3,
3.99% (1 mo. Term SOFR +
0.31%), 08/25/2036(c)
|
|
33,428
|
11,395
|
|
Mello Mortgage Capital Acceptance Trust,
|
|
|
|
|
Series 2021-INV2, Class A4,
2.50%, 08/25/2051(b)(h)
|
|
151,724
|
136,240
|
|
Series 2021-INV3, Class A4,
2.50%, 10/25/2051(b)(h)
|
|
151,126
|
134,810
|
|
Merchants Fleet Funding LLC,
Series 2025-1A, Class A, 4.49%,
01/20/2039(b)
|
|
110,000
|
110,224
|
|
Merrill Lynch Mortgage Investors Trust,
Series 2005-3, Class 3A, 2.39%,
11/25/2035(h)
|
|
2,326
|
2,222
|
|
Metronet Infrastructure Issuer LLC,
Series 2025-4A, Class A2, 5.16%,
12/20/2055(b)
|
|
110,000
|
109,748
|
|
MFA Trust, Series 2021-INV2,
Class A1, 1.91%, 11/25/2056(b)(h)
|
|
175,769
|
159,699
|
|
MHP Commercial Mortgage Trust,
|
|
|
|
|
Series 2021-STOR, Class A, 4.49%
(1 mo. Term SOFR + 0.81%),
07/15/2038(b)(c)
|
|
125,000
|
124,956
|
|
Series 2021-STOR, Class B, 4.69%
(1 mo. Term SOFR + 1.01%),
07/15/2038(b)(c)
|
|
105,000
|
104,969
|
|
MILE Trust,
|
|
|
|
|
Series 2025-STNE, Class A, 5.17%
(1 mo. Term SOFR + 1.50%),
07/15/2042(b)(c)
|
|
610,000
|
609,384
|
|
Series 2025-STNE, Class B, 5.37%
(1 mo. Term SOFR + 1.70%),
07/15/2042(b)(c)
|
|
100,000
|
99,673
|
|
Series 2025-STNE, Class C, 5.77%
(1 mo. Term SOFR + 2.10%),
07/15/2042(b)(c)
|
|
100,000
|
99,585
|
|
Morgan Stanley Bank of America Merrill
Lynch Trust, Series 2025-5C2,
Class B, 5.69%, 11/15/2058(h)
|
|
142,000
|
143,452
|
|
Morgan Stanley Capital I Trust,
|
|
|
|
|
Series 2017-HR2, Class XA, IO,
0.85%, 12/15/2050(i)
|
|
529,919
|
5,941
|
|
Series 2019-L2, Class A4, 4.07%,
03/15/2052
|
|
80,000
|
78,905
|
|
Series 2019-L3, Class AS, 3.49%,
11/15/2052
|
|
60,000
|
56,611
|
|
Morgan Stanley Re-REMIC Trust,
Series 2012-R3, Class 1B, 6.00%,
11/26/2036(b)(h)
|
|
165,765
|
149,533
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Morgan Stanley Residential Mortgage Loan
Trust,
|
|
|
|
|
Series 2024-3, Class A1, 6.00%,
07/25/2054(b)(h)
|
|
$104,580
|
$104,664
|
|
Series 2024-NQM5, Class A1,
5.65%, 10/25/2069(b)(h)
|
|
178,807
|
179,829
|
|
Series 2025-NQM1, Class A1,
5.74%, 11/25/2069(b)(h)
|
|
309,243
|
312,175
|
|
Series 2025-NQM8, Class A1,
4.96%, 09/25/2070(b)(h)
|
|
201,727
|
201,460
|
|
Series 2026-NQM3, Class A1,
5.21%, 03/25/2071(b)(h)
|
|
100,000
|
99,831
|
|
Navient Refinance Loan Trust,
Series 2025-A, Class A, 5.15%,
02/16/2055(b)
|
|
141,035
|
141,826
|
|
Neuberger Berman Loan Advisers CLO
38 Ltd., Series 2020-38A,
Class AR2, 4.63% (3 mo. Term
SOFR + 0.96%), 10/20/2036(b)(c)
|
|
250,000
|
249,500
|
|
Neuberger Berman Loan Advisers CLO
47 Ltd., Series 2022-47A,
Class AR, 4.76% (3 mo. Term SOFR
+ 1.09%), 04/16/2035(b)(c)
|
|
270,000
|
269,805
|
|
New Residential Mortgage Loan Trust,
|
|
|
|
|
Series 2019-NQM4, Class A1,
2.49%, 09/25/2059(b)(h)
|
|
8,055
|
7,769
|
|
Series 2020-NQM1, Class A1,
2.46%, 01/26/2060(b)(h)
|
|
13,613
|
12,846
|
|
Series 2022-NQM2, Class A1,
3.85%, 03/27/2062(b)(h)
|
|
182,485
|
172,511
|
|
Series 2024-NQM3, Class A1,
5.47%, 11/25/2064(b)
|
|
73,074
|
73,677
|
|
NextGear Floorplan Master Owner
Trust, Series 2025-2A, Class A2,
4.23%, 10/15/2030(b)
|
|
100,000
|
99,655
|
|
Oaktree CLO Ltd., Series 2021-2A,
Class AR, 4.64% (3 mo. Term SOFR
+ 0.97%), 01/15/2035(b)(c)
|
|
250,000
|
248,993
|
|
OBX Trust,
|
|
|
|
|
Series 2021-NQM4, Class A1,
1.96%, 10/25/2061(b)(h)
|
|
238,197
|
205,852
|
|
Series 2022-NQM1, Class A1,
2.31%, 11/25/2061(b)(h)
|
|
205,583
|
186,511
|
|
Series 2022-NQM2, Class A1B,
4.38%, 01/25/2062(b)
|
|
235,000
|
218,399
|
|
Series 2024-NQM14, Class A1,
4.94%, 09/25/2064(b)
|
|
120,952
|
120,767
|
|
Series 2024-NQM18, Class A1,
5.41%, 10/25/2064(b)(h)
|
|
76,920
|
77,160
|
|
Series 2025-HE2, Class A1, 5.11%
(30 Day Average SOFR + 1.45%),
08/25/2055(b)(c)
|
|
165,720
|
166,054
|
|
Oceanview Mortgage Trust,
Series 2021-3, Class A5, 2.50%,
07/25/2051(b)(h)
|
|
189,052
|
170,051
|
|
One Bryant Park Trust, Series 2019-
OBP, Class A, 2.52%,
09/15/2054(b)
|
|
114,000
|
105,421
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands),
|
|
|
|
|
Series 2025-2A, Class A1, 4.61%
(3 mo. Term SOFR + 0.94%),
07/15/2033(b)(c)
|
|
508,264
|
508,183
|
|
Series 2025-3A, Class A1, 4.66%
(3 mo. Term SOFR + 0.95%),
01/15/2034(b)(c)
|
|
275,000
|
274,890
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Pikes Peak CLO 6, Series 2020-6A,
Class ARR, 4.60% (3 mo. Term
SOFR + 0.94%), 05/18/2034(b)(c)
|
|
$250,000
|
$249,732
|
|
Planet Fitness Master Issuer LLC,
|
|
|
|
|
Series 2025-1A, Class A2I, 5.27%,
12/06/2055(b)
|
|
100,000
|
100,105
|
|
Series 2025-1A, Class A2II,
5.65%, 12/06/2055(b)
|
|
100,000
|
98,914
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%, 01/25/2060(b)(h)
|
|
102,368
|
103,610
|
|
Progress Residential Trust,
|
|
|
|
|
Series 2021-SFR10, Class A,
2.39%, 12/17/2040(b)
|
|
196,924
|
186,496
|
|
Series 2022-SFR5, Class A, 4.45%,
06/17/2039(b)
|
|
237,978
|
236,982
|
|
Provident Funding Mortgage Trust,
Series 2025-4, Class A1, 6.00%,
09/25/2055(b)(h)
|
|
312,773
|
315,158
|
|
Qdoba Funding LLC, Series 2023-1A,
Class A2, 8.50%, 09/14/2053(b)
|
|
357,105
|
370,623
|
|
Rate Mortgage Trust,
|
|
|
|
|
Series 2024-J4, Class A1, 6.00%,
12/25/2054(b)(h)
|
|
143,151
|
144,465
|
|
Series 2025-J1, Class A4, 6.00%,
03/25/2055(b)(h)
|
|
111,463
|
112,041
|
|
Series 2025-J2, Class A5, 5.50%,
07/25/2055(b)(h)
|
|
128,568
|
128,745
|
|
RCKT Mortgage Trust,
|
|
|
|
|
Series 2025-CES6, Class A1A,
5.47%, 06/25/2055(b)
|
|
181,297
|
182,032
|
|
Series 2025-CES7, Class A1A,
5.38%, 07/25/2055(b)
|
|
121,105
|
121,447
|
|
Series 2026-CES1, Class A1A,
4.83%, 01/25/2056(b)
|
|
156,012
|
154,945
|
|
Residential Accredit Loans, Inc. Trust,
|
|
|
|
|
Series 2006-QS13, Class 1A8,
6.00%, 09/25/2036
|
|
201
|
162
|
|
Series 2007-QS6, Class A28,
5.75%, 04/25/2037
|
|
2,688
|
2,225
|
|
Residential Mortgage Loan Trust,
Series 2020-1, Class A1, 2.38%,
01/26/2060(b)(h)
|
|
683
|
682
|
|
RR 17 Ltd., Series 2021-17A,
Class A1AR, 4.74% (3 mo. Term
SOFR + 1.07%), 07/15/2034(b)(c)
|
|
625,000
|
624,966
|
|
RUN Trust, Series 2022-NQM1,
Class A1, 5.00%, 03/25/2067(b)
|
|
173,027
|
169,490
|
|
SCG Commercial Mortgage Trust,
Series 2025-FLWR, Class A, 4.92%
(1 mo. Term SOFR + 1.25%),
08/15/2042(b)(c)
|
|
145,000
|
144,911
|
|
Sequoia Mortgage Trust,
Series 2025-10, Class A1, 5.50%,
11/25/2055(b)(h)
|
|
319,197
|
317,852
|
|
SG Residential Mortgage Trust,
|
|
|
|
|
Series 2022-1, Class A1, 3.17%,
03/27/2062(b)(h)
|
|
287,053
|
273,182
|
|
Series 2022-1, Class A2, 3.58%,
03/27/2062(b)(h)
|
|
94,482
|
87,732
|
|
Shackleton CLO Ltd., Series 2015-7RA,
Class ARR, 4.77% (3 mo. Term SOFR
+ 1.10%), 07/15/2031(b)(c)
|
|
28,374
|
28,382
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
SHRN Trust,
|
|
|
|
|
Series 2025-MF18, Class A, 4.87%
(1 mo. Term SOFR + 1.20%),
10/15/2040(b)(c)
|
|
$520,000
|
$519,361
|
|
Series 2025-MF18, Class B, 5.12%
(1 mo. Term SOFR + 1.45%),
10/15/2040(b)(c)
|
|
100,000
|
100,023
|
|
Signal Peak CLO 1 Ltd., Series 2014-
1A, Class AR4, 4.75% (3 mo. Term
SOFR + 1.08%), 04/17/2034(b)(c)
|
|
372,000
|
371,872
|
|
Signal Peak CLO 4 Ltd., Series 2017-
4A, Class AR2, 4.79% (3 mo. Term
SOFR + 1.12%), 10/26/2034(b)(c)
|
|
600,000
|
599,659
|
|
Sonic Capital LLC,
|
|
|
|
|
Series 2020-1A, Class A2I, 3.85%,
01/20/2050(b)
|
|
47,208
|
46,764
|
|
Series 2021-1A, Class A2I, 2.19%,
08/20/2051(b)
|
|
152,800
|
142,129
|
|
Series 2021-1A, Class A2II,
2.64%, 08/20/2051(b)
|
|
296,050
|
253,671
|
|
STAR Trust, Series 2021-1, Class A1,
1.22%, 05/25/2065(b)(h)
|
|
71,620
|
67,581
|
|
Starwood Mortgage Residential Trust,
|
|
|
|
|
Series 2020-1, Class A1, 2.28%,
02/25/2050(b)(h)
|
|
6,317
|
6,090
|
|
Series 2020-INV1, Class A1,
1.03%, 11/25/2055(b)(h)
|
|
7,886
|
7,588
|
|
Series 2021-6, Class A1, 1.92%,
11/25/2066(b)(h)
|
|
267,922
|
237,208
|
|
Series 2022-1, Class A1, 2.45%,
12/25/2066(b)(h)
|
|
207,140
|
186,705
|
|
Structured Adjustable Rate Mortgage
Loan Trust, Series 2004-12,
Class 3A2, 4.75%, 09/25/2034(h)
|
|
345
|
342
|
|
Structured Asset Securities Corp.
Mortgage Pass-Through Ctfs.,
Series 2003-34A, Class 5A5,
5.64%, 11/25/2033(h)
|
|
12,663
|
12,455
|
|
Subway Funding LLC,
|
|
|
|
|
Series 2024-1A, Class A23,
6.51%, 07/30/2054(b)
|
|
190,587
|
191,223
|
|
Series 2024-1A, Class A2I, 6.03%,
07/30/2054(b)
|
|
209,350
|
210,852
|
|
Series 2024-1A, Class A2I, 6.27%,
07/30/2054(b)
|
|
207,375
|
209,434
|
|
Series 2024-3A, Class A23,
5.91%, 07/30/2054(b)
|
|
217,250
|
212,372
|
|
Series 2024-3A, Class A2I, 5.25%,
07/30/2054(b)
|
|
197,500
|
195,295
|
|
Series 2024-3A, Class A2I, 5.57%,
07/30/2054(b)
|
|
202,437
|
199,939
|
|
Switch ABS Issuer LLC, Series 2025-
2A, Class A21, 5.12%,
10/25/2055(b)
|
|
140,000
|
136,974
|
|
Symphony CLO XX Ltd., Series 2018-
20A, Class AR2, 4.77% (3 mo.
Term SOFR + 1.10%),
01/16/2032(b)(c)
|
|
109,120
|
109,312
|
|
Symphony CLO XXI Ltd.,
Series 2019-21A, Class AR2,
4.57% (3 mo. Term SOFR +
0.90%), 07/15/2032(b)(c)
|
|
209,733
|
209,829
|
|
Symphony CLO XXII Ltd.,
Series 2020-22A, Class A1AR,
4.85% (3 mo. Term SOFR +
1.18%), 04/18/2033(b)(c)
|
|
176,842
|
176,863
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Symphony CLO XXIII Ltd.,
Series 2020-23A, Class AR2,
4.57% (3 mo. Term SOFR +
0.90%), 01/15/2034(b)(c)
|
|
$180,464
|
$180,484
|
|
Synchrony Card Funding LLC,
Series 2024-A2, Class A, 4.93%,
07/15/2030
|
|
280,000
|
282,954
|
|
Taco Bell Funding LLC,
|
|
|
|
|
Series 2025-1A, Class A2I, 4.82%,
08/25/2055(b)
|
|
400,000
|
394,737
|
|
Series 2025-1A, Class A2II,
5.05%, 08/25/2055(b)
|
|
260,000
|
254,703
|
|
Textainer Marine Containers VII Ltd.,
Series 2021-2A, Class A, 2.23%,
04/20/2046(b)
|
|
266,933
|
252,118
|
|
Thayer Park, CLO Ltd., Series 2017-
1A, Class A1RR, 4.67% (3 mo. Term
SOFR + 1.00%), 04/20/2034(b)(c)
|
|
250,000
|
249,613
|
|
Thornburg Mortgage Securities Trust,
Series 2005-1, Class A3, 4.66%,
04/25/2045(h)
|
|
9,232
|
9,115
|
|
Tricon American Homes Trust,
Series 2020-SFR2, Class A, 1.48%,
11/17/2039(b)
|
|
239,641
|
228,347
|
|
Tricon Residential Trust,
Series 2025-SFR1, Class A, 4.77%
(1 mo. Term SOFR + 1.10%),
03/17/2042(b)(c)
|
|
192,673
|
192,370
|
|
UBS Commercial Mortgage Trust,
|
|
|
|
|
Series 2017-C5, Class XA, IO,
1.09%, 11/15/2050(i)
|
|
675,110
|
7,440
|
|
Series 2019-C16, Class A4,
3.60%, 04/15/2052
|
|
80,000
|
77,377
|
|
Vantage Data Centers Issuer LLC,
Series 2025-2A, Class A2, 5.24%,
11/15/2055(b)
|
|
210,000
|
207,183
|
|
VB-S1 Issuer LLC, Series 2026-1A,
Class C2, 4.69%, 03/15/2056(b)
|
|
200,000
|
196,764
|
|
VDCM Commercial Mortgage Trust,
|
|
|
|
|
Series 2025-AZ, Class A, 4.72%,
07/13/2044(b)(h)
|
|
695,000
|
695,538
|
|
Series 2025-AZ, Class B, 4.95%,
07/13/2044(b)(h)
|
|
100,000
|
99,916
|
|
Series 2025-AZ, Class C, 5.45%,
07/13/2044(b)(h)
|
|
235,000
|
236,615
|
|
Series 2025-AZ, Class D, 5.81%,
07/13/2044(b)(h)
|
|
245,000
|
247,631
|
|
Verus Securitization Trust,
|
|
|
|
|
Series 2021-1, Class A1B, 0.82%,
01/25/2066(b)(h)
|
|
51,841
|
47,275
|
|
Series 2021-7, Class A1, 2.83%,
10/25/2066(b)
|
|
221,811
|
203,644
|
|
Series 2021-R1, Class A1, 0.82%,
10/25/2063(b)(h)
|
|
26,477
|
25,663
|
|
Series 2022-1, Class A1, 3.72%,
01/25/2067(b)
|
|
175,812
|
166,350
|
|
Series 2022-3, Class A1, 5.13%,
02/25/2067(b)
|
|
125,021
|
119,634
|
|
Series 2024-7, Class A1, 5.10%,
09/25/2069(b)(h)
|
|
101,113
|
101,035
|
|
Visio Trust, Series 2020-1R, Class A1,
1.31%, 11/25/2055(b)
|
|
15,910
|
15,477
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
WaMu Mortgage Pass-Through Ctfs. Trust,
|
|
|
|
|
Series 2003-AR10, Class A7,
5.66%, 10/25/2033(h)
|
|
$12,266
|
$11,904
|
|
Series 2005-AR14, Class 1A4,
4.92%, 12/25/2035(h)
|
|
33,038
|
31,391
|
|
Series 2005-AR16, Class 1A1,
4.43%, 12/25/2035(h)
|
|
13,805
|
12,786
|
|
Wells Fargo Commercial Mortgage Trust,
|
|
|
|
|
Series 2017-C42, Class XA, IO,
0.82%, 12/15/2050(i)
|
|
713,478
|
8,300
|
|
Series 2026-C66, Class A5,
5.65%, 04/15/2059
|
|
90,000
|
93,324
|
|
Wendy’s Funding LLC, Series 2018-1A,
Class A2II, 3.88%, 03/15/2048(b)
|
|
55,032
|
54,045
|
|
WEST Trust, Series 2025-ROSE,
Class A, 5.28%, 04/10/2035(b)(h)
|
|
435,000
|
437,346
|
|
WF Card Issuance Trust,
Series 2024-A1, Class A, 4.94%,
02/15/2029
|
|
507,000
|
511,254
|
|
WFRBS Commercial Mortgage Trust,
Series 2013-C14, Class AS, 3.49%,
06/15/2046
|
|
13,175
|
12,951
|
|
Zaxby’s Funding LLC,
|
|
|
|
|
Series 2021-1A, Class A2, 3.24%,
07/30/2051(b)
|
|
488,482
|
463,980
|
|
Series 2024-1A, Class A2I, 6.59%,
04/30/2054(b)
|
|
123,125
|
125,012
|
|
Zayo Issuer LLC,
|
|
|
|
|
Series 2025-2A, Class A2, 5.95%,
06/20/2055(b)
|
|
219,000
|
223,129
|
|
Series 2025-3A, Class A2, 5.57%,
10/20/2055(b)
|
|
250,000
|
251,043
|
|
Total Asset-Backed Securities (Cost $50,376,352)
|
49,079,648
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities–25.50%
|
|||
|
Collateralized Mortgage Obligations–0.31%
|
|||
|
Fannie Mae Interest STRIPS,
|
|
|
|
|
IO,
7.00%, 02/25/2028 to
04/25/2032(j)
|
|
28,806
|
3,698
|
|
6.50%, 04/25/2029 to
02/25/2033(i)(j)
|
|
98,691
|
10,710
|
|
7.50%, 11/25/2029(j)
|
|
4,093
|
364
|
|
6.00%, 02/25/2033 to
03/25/2036(i)(j)
|
|
91,380
|
13,183
|
|
5.50%, 09/25/2033 to
06/25/2035(i)(j)
|
|
133,765
|
16,672
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
Fannie Mae REMICs,
|
|
|
|
|
IO,
3.00%, 11/25/2027(j)
|
|
$5,323
|
$60
|
|
3.32% (7.10% - (30 Day Average
SOFR + 0.11%)), 11/25/2030(c)(j)
|
|
11,662
|
570
|
|
4.11% (7.90% - (30 Day Average
SOFR + 0.11%)), 11/18/2031 to
12/18/2031(c)(j)
|
|
981
|
82
|
|
4.12% (7.90% - (30 Day Average
SOFR + 0.11%)), 11/25/2031(c)(j)
|
|
21,539
|
1,696
|
|
3.47% (7.25% - (30 Day Average
SOFR + 0.11%)), 01/25/2032(c)(j)
|
|
1,093
|
76
|
|
4.17% (7.95% - (30 Day Average
SOFR + 0.11%)), 01/25/2032(c)(j)
|
|
5,669
|
466
|
|
4.21% (8.00% - (30 Day Average
SOFR + 0.11%)), 03/18/2032 to
12/18/2032(c)(j)
|
|
2,010
|
177
|
|
4.32% (8.10% - (30 Day Average
SOFR + 0.11%)), 03/25/2032 to
04/25/2032(c)(j)
|
|
1,733
|
161
|
|
3.22% (7.00% - (30 Day Average
SOFR + 0.11%)), 04/25/2032 to
09/25/2032(c)(j)
|
|
5,635
|
473
|
|
4.02% (7.80% - (30 Day Average
SOFR + 0.11%)), 04/25/2032(c)(j)
|
|
185
|
18
|
|
4.22% (8.00% - (30 Day Average
SOFR + 0.11%)), 04/25/2032 to
12/25/2032(c)(j)
|
|
84,061
|
8,271
|
|
4.31% (8.10% - (30 Day Average
SOFR + 0.11%)), 12/18/2032(c)(j)
|
|
5,443
|
312
|
|
4.47% (8.25% - (30 Day Average
SOFR + 0.11%)), 02/25/2033 to
05/25/2033(c)(j)
|
|
32,852
|
4,439
|
|
7.00%, 04/25/2033(j)
|
|
1,368
|
210
|
|
2.27% (6.05% - (30 Day Average
SOFR + 0.11%)), 03/25/2035 to
07/25/2038(c)(j)
|
|
16,980
|
1,303
|
|
2.97% (6.75% - (30 Day Average
SOFR + 0.11%)), 03/25/2035 to
05/25/2035(c)(j)
|
|
4,308
|
193
|
|
2.82% (6.60% - (30 Day Average
SOFR + 0.11%)), 05/25/2035(c)(j)
|
|
10,553
|
453
|
|
2.92% (6.70% - (30 Day Average
SOFR + 0.11%)), 05/25/2035(c)(j)
|
|
40,815
|
3,280
|
|
3.50%, 08/25/2035(j)
|
|
106,802
|
10,266
|
|
2.32% (6.10% - (30 Day Average
SOFR + 0.11%)), 10/25/2035(c)(j)
|
|
47,490
|
4,200
|
|
4.00%, 04/25/2041 to
08/25/2047(j)
|
|
36,201
|
5,422
|
|
2.77% (6.55% - (30 Day Average
SOFR + 0.11%)), 10/25/2041(c)(j)
|
|
10,361
|
738
|
|
2.37% (6.15% - (30 Day Average
SOFR + 0.11%)), 12/25/2042(c)(j)
|
|
32,635
|
3,419
|
|
5.50%, 07/25/2046(j)
|
|
29,192
|
3,674
|
|
2.12% (5.90% - (30 Day Average
SOFR + 0.11%)), 09/25/2047(c)(j)
|
|
226,924
|
22,206
|
|
6.50%, 10/25/2028 to
11/25/2029
|
|
15,016
|
15,194
|
|
6.00%, 11/25/2028 to
12/25/2031
|
|
22,609
|
23,140
|
|
4.03% (30 Day Average SOFR +
0.36%), 08/25/2035(c)
|
|
164
|
163
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
10.72% (24.57% - (3.67 x (30 Day
Average SOFR + 0.11%))),
03/25/2036(c)
|
|
$18,776
|
$21,914
|
|
10.35% (24.20% - (3.67 x (30 Day
Average SOFR + 0.11%))),
06/25/2036(c)
|
|
11,093
|
13,041
|
|
10.35% (24.20% - (3.67 x (30 Day
Average SOFR + 0.11%))),
06/25/2036(c)
|
|
8,277
|
9,166
|
|
4.72% (30 Day Average SOFR +
1.05%), 06/25/2037(c)
|
|
7,874
|
7,963
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.,
|
|
|
|
|
Series K735, Class X1, IO,
0.96%, 05/25/2026(i)
|
|
1,234,839
|
712
|
|
Series K083, Class AM,
4.03%, 10/25/2028(h)
|
|
23,000
|
22,909
|
|
Series K085, Class AM,
4.06%, 10/25/2028(h)
|
|
23,000
|
22,930
|
|
Series K089, Class AM,
3.63%, 01/25/2029(h)
|
|
39,000
|
38,423
|
|
Series K088, Class AM,
3.76%, 01/25/2029(h)
|
|
92,000
|
90,944
|
|
Series K093, Class X1, IO,
0.94%, 05/25/2029(i)
|
|
1,540,087
|
37,530
|
|
Freddie Mac REMICs,
|
|
|
|
|
IO,
3.86% (7.65% - (30 Day Average
SOFR + 0.11%)), 07/15/2026 to
03/15/2029(c)(j)
|
|
4,716
|
170
|
|
3.00%, 06/15/2027 to
12/15/2027(j)
|
|
19,731
|
238
|
|
2.50%, 05/15/2028(j)
|
|
6,918
|
123
|
|
4.31% (8.10% - (30 Day Average
SOFR + 0.11%)), 06/15/2029(c)(j)
|
|
243
|
13
|
|
2.91% (6.70% - (30 Day Average
SOFR + 0.11%)), 01/15/2035(c)(j)
|
|
86,622
|
5,097
|
|
2.96% (6.75% - (30 Day Average
SOFR + 0.11%)), 02/15/2035(c)(j)
|
|
8,960
|
515
|
|
2.93% (6.72% - (30 Day Average
SOFR + 0.11%)), 05/15/2035(c)(j)
|
|
6,268
|
352
|
|
2.36% (6.15% - (30 Day Average
SOFR + 0.11%)), 07/15/2035(c)(j)
|
|
1,587
|
70
|
|
3.21% (7.00% - (30 Day Average
SOFR + 0.11%)), 12/15/2037(c)(j)
|
|
1,996
|
191
|
|
2.21% (6.00% - (30 Day Average
SOFR + 0.11%)), 04/15/2038(c)(j)
|
|
2,668
|
214
|
|
2.28% (6.07% - (30 Day Average
SOFR + 0.11%)), 05/15/2038(c)(j)
|
|
65,784
|
5,016
|
|
2.46% (6.25% - (30 Day Average
SOFR + 0.11%)), 12/15/2039(c)(j)
|
|
14,446
|
1,221
|
|
2.31% (6.10% - (30 Day Average
SOFR + 0.11%)), 01/15/2044(c)(j)
|
|
31,692
|
2,985
|
|
6.50%, 02/15/2028 to
06/15/2032
|
|
67,263
|
68,683
|
|
8.00%, 03/15/2030
|
|
131
|
135
|
|
4.79% (30 Day Average SOFR +
1.11%), 02/15/2032(c)
|
|
215
|
217
|
|
3.50%, 05/15/2032
|
|
3,384
|
3,326
|
|
10.87% (24.75% - (3.67 x (30 Day
Average SOFR + 0.11%))),
08/15/2035(c)
|
|
2,591
|
3,020
|
|
4.19% (30 Day Average SOFR +
0.51%), 09/15/2035(c)
|
|
379
|
376
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
Freddie Mac STRIPS,
|
|
|
|
|
PO,
0.00%, 06/01/2026(k)
|
|
$38
|
$38
|
|
IO,
3.00%, 12/15/2027(j)
|
|
7,117
|
106
|
|
3.15%, 12/15/2027(i)
|
|
2,270
|
39
|
|
7.00%, 09/01/2029(j)
|
|
502
|
39
|
|
7.50%, 12/15/2029(j)
|
|
12,028
|
1,054
|
|
6.00%, 12/15/2032(j)
|
|
8,116
|
918
|
|
|
|
|
514,977
|
|
Federal Home Loan Mortgage Corp. (FHLMC)–0.10%
|
|||
|
6.50%, 07/01/2028 to
04/01/2034
|
|
16,110
|
16,679
|
|
6.00%, 10/01/2029
|
|
14,251
|
14,548
|
|
7.00%, 10/01/2031 to
10/01/2037
|
|
8,399
|
8,832
|
|
5.00%, 12/01/2034
|
|
284
|
283
|
|
5.50%, 09/01/2039
|
|
50,484
|
51,975
|
|
4.00%, 11/01/2048 to
07/01/2049
|
|
67,885
|
64,976
|
|
|
|
|
157,293
|
|
Federal National Mortgage Association (FNMA)–0.40%
|
|||
|
7.00%, 01/01/2030 to
12/01/2032
|
|
2,500
|
2,626
|
|
3.50%, 12/01/2030 to
05/01/2047
|
|
270,428
|
253,930
|
|
3.93%, 12/01/2030
|
|
383,000
|
377,957
|
|
6.50%, 09/01/2031 to
01/01/2034
|
|
1,104
|
1,142
|
|
7.50%, 01/01/2033
|
|
395
|
405
|
|
5.50%, 02/01/2035 to
05/01/2036
|
|
24,249
|
24,744
|
|
|
|
|
660,804
|
|
Government National Mortgage Association (GNMA)–3.55%
|
|||
|
7.00%, 07/15/2031
|
|
78
|
80
|
|
6.50%, 11/15/2031
|
|
479
|
490
|
|
6.00%, 11/15/2032
|
|
323
|
330
|
|
4.00%, 07/20/2049
|
|
20,055
|
19,048
|
|
IO,
2.76% (6.55% - (1 mo. Term SOFR
+ 0.11%)), 04/16/2037(c)(j)
|
|
11,921
|
587
|
|
2.86% (6.65% - (1 mo. Term SOFR
+ 0.11%)), 04/16/2041(c)(j)
|
|
63,538
|
3,833
|
|
4.50%, 09/16/2047(j)
|
|
78,218
|
13,947
|
|
2.41% (6.20% - (1 mo. Term SOFR
+ 0.11%)), 10/16/2047(c)(j)
|
|
80,749
|
9,494
|
|
TBA,
2.00%, 04/01/2056(l)
|
|
345,000
|
285,083
|
|
2.50%, 04/01/2056(l)
|
|
1,297,000
|
1,116,028
|
|
4.50%, 04/01/2056(l)
|
|
1,398,000
|
1,350,767
|
|
5.00%, 04/01/2056(l)
|
|
688,000
|
681,489
|
|
5.50%, 04/01/2056(l)
|
|
1,247,000
|
1,255,137
|
|
6.00%, 04/01/2056(l)
|
|
1,073,000
|
1,091,201
|
|
|
|
|
5,827,514
|
|
|
Principal
Amount
|
Value
|
|
|
Uniform Mortgage-Backed Securities–21.14%
|
|||
|
TBA,
2.00%, 04/01/2041 to
05/01/2056(l)
|
|
$6,770,103
|
$5,547,231
|
|
4.50%, 04/01/2041 to
04/01/2056(l)
|
|
3,167,318
|
3,082,718
|
|
5.00%, 04/01/2041 to
04/01/2056(l)
|
|
6,429,233
|
6,360,322
|
|
2.50%, 04/01/2056(l)
|
|
6,082,701
|
5,115,171
|
|
3.00%, 04/01/2056(l)
|
|
4,827,457
|
4,240,882
|
|
3.50%, 04/01/2056(l)
|
|
2,618,701
|
2,401,031
|
|
4.00%, 04/01/2056(l)
|
|
2,114,696
|
1,995,761
|
|
5.50%, 04/01/2056(l)
|
|
2,591,723
|
2,604,065
|
|
6.00%, 04/01/2056(l)
|
|
1,996,845
|
2,035,752
|
|
6.50%, 04/01/2056(l)
|
|
1,250,000
|
1,293,325
|
|
|
|
|
34,676,258
|
|
Total U.S. Government Sponsored Agency
Mortgage-Backed Securities (Cost $43,471,733)
|
41,836,846
|
||
|
U.S. Treasury Securities–13.62%
|
|||
|
U.S. Treasury Bills–0.64%
|
|||
|
3.52% - 4.14%, 05/14/2026(m)(n)
|
|
1,056,000
|
1,051,419
|
|
3.69%, 09/17/2026(m)(n)
|
|
8,000
|
7,865
|
|
|
|
|
1,059,284
|
|
U.S. Treasury Bonds–4.12%
|
|||
|
4.63%, 02/15/2046
|
|
828,000
|
798,308
|
|
4.63%, 11/15/2055
|
|
6,235,500
|
5,958,800
|
|
|
|
|
6,757,108
|
|
U.S. Treasury Notes–8.86%
|
|||
|
3.88%, 03/31/2028
|
|
1,230,700
|
1,232,575
|
|
3.50%, 03/15/2029
|
|
3,235,200
|
3,206,765
|
|
3.88%, 03/31/2031
|
|
718,800
|
716,526
|
|
4.25%, 03/31/2033
|
|
1,144,700
|
1,152,659
|
|
4.13%, 02/15/2036(f)
|
|
8,354,600
|
8,224,712
|
|
|
|
|
14,533,237
|
|
Total U.S. Treasury Securities (Cost $22,702,236)
|
22,349,629
|
||
|
Variable Rate Senior Loan Interests–0.87%(o)(p)
|
|||
|
Broadcasting–0.13%
|
|||
|
Nexstar Broadcasting, Inc., Term Loan,
—%, 04/15/2033(q)
|
|
208,148
|
206,067
|
|
Interactive Home Entertainment–0.21%
|
|||
|
Oak-Eagle AcquireCo, Inc. (Electronic
Arts, Inc; EA), Term Loan, —%,
03/23/2033(q)
|
|
350,333
|
348,581
|
|
Restaurants–0.53%
|
|||
|
Raising Cane’s Restaurants LLC, Term
Loan, 5.67% (1 mo. Term SOFR +
2.00%), 11/03/2032
|
|
877,800
|
873,687
|
|
Total Variable Rate Senior Loan Interests
(Cost $1,426,750)
|
1,428,335
|
||
|
|
Shares |
|
|
|
Preferred Stocks–0.62%
|
|||
|
Aerospace & Defense–0.04%
|
|||
|
Boeing Co. (The), 6.00%, Conv. Pfd.
|
1,000
|
64,880
|
|
|
Diversified Banks–0.09%
|
|||
|
Citigroup, Inc., 6.25%, Series II, Pfd.
|
5,525
|
136,191
|
|
|
|
Shares
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Wells Fargo & Co., 7.50%, Class A, Series L,
Conv. Pfd.
|
10
|
$11,550
|
|
|
|
|
|
147,741
|
|
Diversified Financial Services–0.21%
|
|||
|
Apollo Global Management, Inc., 7.63%,
Pfd.(d)
|
13,475
|
342,670
|
|
|
Electric Utilities–0.03%
|
|||
|
Southern Co. (The), 7.13%, Series A, Conv.
Pfd.
|
1,000
|
51,400
|
|
|
Investment Banking & Brokerage–0.08%
|
|||
|
Morgan Stanley, 6.88%, Series F, Pfd.
|
5,000
|
125,250
|
|
|
Regional Banks–0.10%
|
|||
|
M&T Bank Corp., 7.50%, Series J, Pfd.
|
6,570
|
168,389
|
|
|
Systems Software–0.07%
|
|||
|
Oracle Corp., 6.50%, Class D, Conv. Pfd.
|
2,521
|
113,470
|
|
|
Total Preferred Stocks (Cost $1,003,005)
|
1,013,800
|
||
|
|
Principal
Amount
|
|
|
|
Agency Credit Risk Transfer Notes–0.17%
|
|||
|
Fannie Mae Connecticut Avenue
Securities, Series 2025-R04,
Class 1A1, 4.66% (30 Day Average
SOFR + 1.00%), 05/25/2045(b)(c)
|
|
$14,488
|
14,497
|
|
Freddie Mac,
|
|
|
|
|
Series 2023-DNA1, Class M1,
STACR®, 5.76% (30 Day Average
SOFR + 2.10%), 03/25/2043(b)(c)
|
|
39,264
|
39,650
|
|
Series 2025-DNA4, Class A1,
STACR®, 4.56% (30 Day Average
SOFR + 0.90%), 10/25/2045(b)(c)
|
|
36,563
|
36,490
|
|
Series 2026-DNA2, Class M1,
STACR®, 4.87% (30 Day Average
SOFR + 1.20%), 03/25/2046(b)(c)
|
|
185,000
|
185,187
|
|
Total Agency Credit Risk Transfer Notes
(Cost $275,315)
|
275,824
|
||
|
Non-U.S. Dollar Denominated Bonds & Notes–0.07%(r)
|
|||
|
Movies & Entertainment–0.07%
|
|||
|
Netflix, Inc., 3.88%, 11/15/2029(b)
(Cost $111,565)
|
EUR
|
100,000
|
117,495
|
|
|
Shares |
|
|
|
Money Market Funds–5.91%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.58%(s)(t)
|
3,386,156
|
3,386,156
|
|
|
Invesco Treasury Portfolio, Institutional
Class, 3.56%(s)(t)
|
6,305,286
|
6,305,286
|
|
|
Total Money Market Funds (Cost $9,691,442)
|
9,691,442
|
||
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from securities
on loan)-122.59%
(Cost $204,266,310)
|
|
|
201,138,633
|
|
Investments Purchased with Cash Collateral from
Securities on Loan
|
|||
|
Money Market Funds–3.40%
|
|||
|
Invesco Private Government Fund,
3.63%(s)(t)(u)
|
1,561,066
|
1,561,066
|
|
|
|
Shares
|
Value
|
|
|
Money Market Funds–(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(s)(t)(u)
|
4,023,291
|
$4,023,693
|
|
|
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $5,584,759)
|
5,584,759
|
||
|
TOTAL INVESTMENTS IN SECURITIES–125.99%
(Cost $209,851,069)
|
206,723,392
|
||
|
OTHER ASSETS LESS LIABILITIES—(25.99)%
|
(42,649,261
)
|
||
|
NET ASSETS–100.00%
|
$164,074,131
|
||
|
Conv.
|
– Convertible
|
|
Ctfs.
|
– Certificates
|
|
EUR
|
– Euro
|
|
IO
|
– Interest Only
|
|
Pfd.
|
– Preferred
|
|
PO
|
– Principal Only
|
|
REIT
|
– Real Estate Investment Trust
|
|
REMICs
|
– Real Estate Mortgage Investment Conduits
|
|
SOFR
|
– Secured Overnight Financing Rate
|
|
STACR®
|
– Structured Agency Credit Risk
|
|
STRIPS
|
– Separately Traded Registered Interest and Principal Security
|
|
TBA
|
– To Be Announced
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is the
exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
March 31, 2026 was $85,742,975, which represented 52.26% of the Fund’s Net Assets.
|
|
(c)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on March 31, 2026.
|
|
(d)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(e)
|
Perpetual bond with no specified maturity date.
|
|
(f)
|
All or a portion of this security was out on loan at March 31, 2026.
|
|
(g)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(h)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown is
the rate in effect on March 31, 2026.
|
|
(i)
|
Interest only security. Principal amount shown is the notional principal and does
not reflect the maturity value of the security. Interest rate is redetermined
periodically based on the cash flows generated by the pool of assets backing the security,
less any applicable fees. The rate shown is the rate in effect on
March 31, 2026.
|
|
(j)
|
Interest only security. Principal amount shown is the notional principal and does
not reflect the maturity value of the security.
|
|
(k)
|
Zero coupon bond issued at a discount.
|
|
(l)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(m)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(n)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for open futures contracts.
|
|
(o)
|
Variable rate senior loan interests often require prepayments from excess cash flow
or permit the borrower to repay at its election. The degree to which borrowers
repay, whether as a contractual requirement or at their election, cannot be predicted
with any accuracy. As a result, the actual remaining maturity may be
substantially less than the stated maturities shown. However, it is anticipated that
the variable rate senior loan interests will have an expected average life of three
to five years.
|
|
(p)
|
Variable rate senior loan interests are, at present, not readily marketable, not registered
under the 1933 Act and may be subject to contractual and legal
restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the Secured Overnight
Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than
one year, and/or have interest rates that float at margin above a widely
recognized base lending rate such as the Prime Rate of a designated U.S. bank.
|
|
(q)
|
This variable rate interest will settle after March 31, 2026, at which time the interest
rate will be determined.
|
|
(r)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(s)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended March 31, 2026.
|
|
|
Value
December 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
March 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency Portfolio, Institutional
Class
|
$3,288,642
|
$4,739,950
|
$(4,642,436)
|
$-
|
$-
|
$3,386,156
|
$32,566
|
|
Invesco Treasury Portfolio, Institutional Class
|
6,124,189
|
8,802,765
|
(8,621,668)
|
-
|
-
|
6,305,286
|
60,135
|
|
|
Value
December 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
March 31, 2026
|
Dividend Income
|
|
Investments Purchased with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
$507,485
|
$12,322,752
|
$(11,269,171)
|
$-
|
$-
|
$1,561,066
|
$9,951*
|
|
Invesco Private Prime Fund
|
1,318,608
|
26,126,006
|
(23,420,080)
|
-
|
(841)
|
4,023,693
|
28,498*
|
|
Total
|
$11,238,924
|
$51,991,473
|
$(47,953,355)
|
$-
|
$(841)
|
$15,276,201
|
$131,150
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(t)
|
The rate shown is the 7-day SEC standardized yield as of March 31, 2026.
|
|
(u)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of
the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|||||
|
U.S. Treasury 2 Year Notes
|
97
|
June-2026
|
$20,122,195
|
$(139,565
)
|
$(139,565
)
|
|
U.S. Treasury Long Bonds
|
18
|
June-2026
|
2,049,750
|
(36,732
)
|
(36,732
)
|
|
U.S. Treasury Ultra Bonds
|
46
|
June-2026
|
5,361,875
|
(150,662
)
|
(150,662
)
|
|
Subtotal—Long Futures Contracts
|
(326,959
)
|
(326,959
)
|
|||
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|||||
|
U.S. Treasury 5 Year Notes
|
67
|
June-2026
|
(7,248,039
)
|
27,852
|
27,852
|
|
U.S. Treasury 10 Year Notes
|
65
|
June-2026
|
(7,218,047
)
|
139,189
|
139,189
|
|
U.S. Treasury 10 Year Ultra Notes
|
23
|
June-2026
|
(2,610,859
)
|
13,561
|
13,561
|
|
Subtotal—Short Futures Contracts
|
180,602
|
180,602
|
|||
|
Total Futures Contracts
|
$(146,357
)
|
$(146,357
)
|
|||
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
04/28/2026
|
Canadian Imperial Bank of Commerce
|
GBP
|
12,000
|
USD
|
16,196
|
$314
|
|
04/28/2026
|
Goldman Sachs International
|
EUR
|
183,000
|
USD
|
215,878
|
4,096
|
|
Total Forward Foreign Currency Contracts
|
$4,410
|
|||||
|
Abbreviations:
|
|
|
EUR
|
—Euro
|
|
GBP
|
—British Pound Sterling
|
|
USD
|
—U.S. Dollar
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$—
|
$74,307,334
|
$1,038,280
|
$75,345,614
|
|
Asset-Backed Securities
|
—
|
49,079,648
|
—
|
49,079,648
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
—
|
41,836,846
|
—
|
41,836,846
|
|
U.S. Treasury Securities
|
—
|
22,349,629
|
—
|
22,349,629
|
|
Variable Rate Senior Loan Interests
|
—
|
1,428,335
|
—
|
1,428,335
|
|
Preferred Stocks
|
1,013,800
|
—
|
—
|
1,013,800
|
|
Agency Credit Risk Transfer Notes
|
—
|
275,824
|
—
|
275,824
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
—
|
117,495
|
—
|
117,495
|
|
Money Market Funds
|
9,691,442
|
5,584,759
|
—
|
15,276,201
|
|
Total Investments in Securities
|
10,705,242
|
194,979,870
|
1,038,280
|
206,723,392
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
180,602
|
—
|
—
|
180,602
|
|
Forward Foreign Currency Contracts
|
—
|
4,410
|
—
|
4,410
|
|
|
180,602
|
4,410
|
—
|
185,012
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(326,959
)
|
—
|
—
|
(326,959
)
|
|
Total Other Investments
|
(146,357
)
|
4,410
|
—
|
(141,947
)
|
|
Total Investments
|
$10,558,885
|
$194,984,280
|
$1,038,280
|
$206,581,445
|
|
*
|
Unrealized appreciation (depreciation).
|