v3.26.1
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
 12 Months Ended
Dec. 31, 2025
EBP 004  
EBP, Schedule of Asset Held for Investment [Line Items]  
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
DANAHER CORPORATION & SUBSIDIARIES PENSION PLAN
EIN: 59-1995548, PLAN NO. 004
FORM 5500, SCHEDULE H, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2025
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
Cash Equivalents
*Fidelity® Investments Money Market Government Portfolio - Institutional Class3,085,701units**$3,085,701 
Brown Brothers Harriman U.S. Government Money Market Fund9,109,634units**9,109,634 
*PIMCO Private Account Portfolio Series Short-Term Floating NAV Portfolio II351,736units**3,023,120 
$15,218,455 
Common/Collective Trusts
*Fidelity Managed Income Portfolio II Class 2 (at FMV) 2units**$2 
*Fidelity Managed Income Portfolio II Class 3 (at FMV) 258,024,555 units**258,024,555 
American Beacon Small Cap Value Institutional Class 3,528,052 units**79,706,098 
*Select Leaders Series 2 Portfolio 8,367,209 units**106,514,572 
GQG International Equity 3,478,841 units**66,997,954 
BlackRock Equity Index Non-Lendable Fund 7,079,648 units**889,507,842 
BlackRock MSCI ACW Ex-US IM Non-Lendable Fund 7,416,050 units**201,088,675 
BlackRock Russell 2500 Index Non-Lendable Fund 3,735,657 units**146,340,837 
BlackRock US Debt Index Non-Lendable Fund 4,531,897 units**74,096,579 
Invesco Stable Asset Fund - ADPZ Class 45,500 units**45,500 
LifePath® Index 2030 Non-Lendable Fund F 9,117,328 units**405,234,052 
LifePath® Index 2035 Non-Lendable Fund F 9,465,836 units**482,469,242 
LifePath® Index 2040 Non-Lendable Fund F 7,658,010 units**440,893,438 
LifePath® Index 2045 Non-Lendable Fund F 6,496,246 units**416,549,654 
LifePath® Index 2050 Non-Lendable Fund F5,392,080units**374,407,740 
LifePath® Index 2055 Non-Lendable Fund F5,736,466units**292,743,063 
LifePath® Index 2060 Non-Lendable Fund F5,724,878units**166,498,173 
LifePath® Index 2065 Non-Lendable Fund F2,916,731units**60,459,798 
LifePath® Index 2070 Non-Lendable Fund F213,568units**2,577,672 
LifePath® Index Retirement Non-Lendable Fund F14,289,093units**426,348,214 
$4,890,503,660 
Registered Investment Companies (Mutual Funds)
Dodge & Cox International Stock Fund4,148,392shares**$68,282,537 
*PIMCO Inflation Response Multi-Asset Fund Institutional2,543,264shares**23,550,624 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
BlackRock High Yield Portfolio Fund - Class K829units**511,232 
Columbia Contrarian Core Fund - Class I31,098units**253,833 
DFA Inflation Protection Securities Portfolio - Institutional Class1,102units**60,476 
DFA International Government Fixed Income Portfolio - Institutional Class193units**2,102 
*DoubleLine Floating Rate Fund Institutional347,413units**3,116,295 
*DoubleLine Global Fund Institutional227,970units**2,010,693 
*DoubleLine Infrastructure Income Fund Institutional347,563units**3,312,279 
*DoubleLine Selective Credit Fund Institutional1,158,647units**8,701,437 
*DoubleLine Emerging Markets Local Currency Bond Fund171,637units**1,649,436 
Invesco Global Fund - Class R63,206units**357,324 
Invesco International Growth - Class R6298units**29,249 
Janus Henderson Triton Fund - Class N2,220units**269,473 
JP Morgan Equity Income Fund - Class R62,967units**152,695 
JP Morgan Mid Cap Growth - Class R65,032units**75,680 
MFS Global Total Return - Class R65,144units**108,645 
PGIM Global Total Return Fund - Class R61,442units**57,488 
*PIMCO Income Fund - Institutional Class15,050units**375,652 
Principal SmallCap S&P 600 Index - Institutional Class1,383units**61,261 
Principal MidCap S&P 400 Index Fund - Institutional Class5,951units**169,241 
*PIMCO Private Account Portfolio Series U.S. Government and Short-Term Inv1,783,330units**11,377,643 
*PIMCO Private Account Portfolio Series Mortgage and Short-Term Investments1,379,680units**11,285,782 
*PIMCO Private Account Portfolio Series Municipal Sector162,169units**966,527 
*PIMCO Private Account Portfolio Series Real Return Bond 368,898units**4,400,949 
*PIMCO Private Account Portfolio Series Emerging Markets Bond and Short-Term416,384units**4,138,856 
*PIMCO Private Account Portfolio Series International880,013units**5,324,078 
*PIMCO Private Account Portfolio Series High Yield & Short-Term Investments135,415units**977,696 
*PIMCO Private Account Portfolio Series Investment Grade Credit Bond2,273,237units**20,731,917 
*PIMCO Private Account Portfolio Series Asset-Backed Securities and Short-Term1,738,240units**20,580,760 
Vanguard 500 Index Fund - Admiral Shares57,846units**2,995,280 
Vanguard Balanced Index Fund - Admiral Shares5,100units**291,889 
Vanguard Small-Cap Value Index Fund - Admiral Shares4,787units**272,467 
Vanguard Mid-Cap Value Index Fund - Admiral Shares50,940units**520,099 
Vanguard Small-Cap Growth Index Fund - Admiral Shares21,265units**247,095 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
Vanguard Intermediate-Term Bond Index Fund - Admiral Shares25,961units**260,906 
Vanguard Developed Markets Index Fund - Admiral Shares 29,033units**488,040 
Vanguard Growth Index Fund - Admiral Shares31,438units**1,177,362 
Vanguard Target Retirement Income Fund20,041units**663,772 
Vanguard Target Retirement 2025 Fund16,780units**874,910 
Vanguard Target Retirement 2030 Fund19,207units**844,155 
Vanguard Target Retirement 2035 Fund21,579units**888,629 
Vanguard Target Retirement 2040 Fund42,206units**1,629,150 
Vanguard Target Retirement 2045 Fund9,628units**348,997 
Vanguard Target Retirement 2050 Fund43,646units**1,501,411 
Vanguard Target Retirement 2055 Fund53,210units**1,156,775 
Vanguard Target Retirement 2060 Fund92,650units**980,242 
$208,033,039 
Common Stock
Aaon Inc COM32,006shares**$2,440,457 
ADYEN BV1,006shares**1,624,563 
Agilysys Inc14,285shares**1,697,629 
AIR PRODUCTS AND CHEMICAL19,720shares**4,871,234 
Alarm.com Holdings Inc.22,493shares**1,147,593 
ALPHABET INC CL A43,318shares**13,558,534 
ALPHABET INC CL C160,995shares**50,520,231 
ALTRIA GROUP INC53,519shares**3,085,906 
AMAZON.COM INC250,669shares**57,859,419 
APPLE INC326,324shares**88,714,443 
ASML HOLDING NV NY6,911shares**7,393,802 
Axos Financial Inc12,727shares**1,096,558 
Azenta Inc8,917shares**296,579 
Balchem Corp15,521shares**2,380,301 
BERKSHIRE HATHAWAY INC DE10,497shares**5,276,317 
Biolife Solutions Inc. COM NEW15,381shares**371,913 
Bio-Techne Corp17,807shares**1,047,230 
Blackbaud Inc21,190shares**1,341,751 
Blackline Inc14,873shares**822,328 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
BLACKROCK INC5,804shares**6,212,253 
BOOKING HOLDINGS INC1,553shares**8,316,827 
Bright Horizons Family Solutions Inc Del17,032shares**1,727,045 
BROADCOM INC129,522shares**44,827,564 
CARVANA CO85,637shares**36,140,527 
Casella Waste Systems, Inc. CL A24,425shares**2,392,185 
CBIZ Inc.7,807shares**393,863 
Certara Inc97,454shares**858,570 
CHEVRON CORPORATION31,028shares**4,728,977 
CHIPOTLE MEXICAN GRILL INC105,229shares**3,893,473 
CHUBB LTD25,664shares**8,010,248 
CHUBB LTD SWITZ8,836shares**2,757,892 
CINCINNATI FINL CORP20,607shares**3,365,535 
CINTAS CORP10,381shares**1,952,355 
CISCO SYS INC60,379shares**4,650,994 
COLGATE-PALMOLIVE CO30,606shares**2,418,486 
CONSTELLATION ENERGY13,177shares**4,655,039 
Construction Partners Inc. COM CL A33,329shares**3,617,863 
CORNING INC93,623shares**8,197,630 
CROWDSTRIKE HOLDINGS INC - A7,485shares**3,508,669 
CROWN CASTLE INC23,869shares**2,121,238 
CUMMINS INC10,121shares**5,166,264 
*Danaher Corporation1,625,007shares**371,996,602 
DATABRICKS SER G CVT PFD STCK PP 399912304,545shares**863,550 
DATADOG INC - CLASS A10,237shares**1,392,130 
Descartes Systems Group Inc.25,200shares**2,209,032 
Digi International Inc.29,806shares**1,290,302 
DOMINION ENERGY INC87,896shares**5,149,827 
Donaldson Co Inc12,654shares**1,121,904 
DOORDASH INC - A18,590shares**4,210,263 
Dorman Products Inc.7,841shares**965,933 
ELI LILLY & CO26,284shares**28,246,889 
Eplus Inc15,902shares**1,394,605 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
ESCO Technologies Inc.15,240shares**2,977,744 
ExlService Holdings Inc.78,703shares**3,340,155 
Exponent Inc29,344shares**2,038,234 
FASTENAL CO90,847shares**3,645,690 
FirstService Corp.8,081shares**1,256,838 
GE AEROSPACE52,752shares**16,249,199 
GE VERNOVA LLC9,406shares**6,147,479 
Globus Med Inc CL A33,777shares**2,949,070 
GOLDMAN SACHS GROUP INC4,205shares**3,696,195 
Hamilton Lane Inc CL A6,016shares**808,009 
Healthequity Inc16,985shares**1,555,996 
I3 Verticals INC COM CL A32,507shares**818,851 
INTUITIVE SURGICAL INC22,979shares**13,014,386 
J&J Snack Foods Corp8,957shares**809,444 
JOHNSON & JOHNSON25,850shares**5,349,658 
Kinsale Capital Group Inc5,374shares**2,101,879 
Lemaitre Vascular Inc.15,735shares**1,276,109 
LINDE PLC6,024shares**2,568,573 
Loar Holdings Inc COM SHS6,932shares**471,376 
LOWES COS INC19,274shares**4,648,118 
MACOM Technology Solutions Holdings Inc.7,206shares**1,234,244 
MARSH & MCLENNAN COS14,227shares**2,639,393 
Marten Transport Ltd.36,083shares**410,625 
MASTERCARD INC - A35,471shares**20,249,684 
MEDLINE INC-CL A18,817shares**790,314 
Mesa Laboratories Inc.3,451shares**270,904 
META PLATFORMS INC-CLASS A67,612shares**44,630,005 
MICROSOFT CORP230,098shares**111,279,994 
MONDELEZ INTERNATIONAL INC24,334shares**1,309,899 
MONOLITHIC POWER SYSTEMS INC4,771shares**4,324,244 
MOODY S CORP5,539shares**2,829,598 
MORGAN STANLEY22,435shares**3,982,886 
NETFLIX INC191,574shares**17,961,978 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
NINTENDO LTD280,947shares**4,736,766 
NORFOLK SOUTHN CORP24,511shares**7,076,816 
NORTHROP GRUMMAN CORP7,002shares**3,992,610 
Novanta Inc16,056shares**1,910,503 
NVIDIA CORP680,792shares**126,967,708 
OLD DOMINION FREIGHT LINE10,325shares**1,618,960 
Ollies Bargain Outlet Holdings Inc.17,727shares**1,943,056 
Onto Innovation Inc.15,047shares**2,375,319 
Option Care Health Inc COM NEW23,996shares**764,513 
ORACLE CORP49,028shares**9,556,047 
PALANTIR TECHNOLOGIES INC-A15,800shares**2,808,450 
Palomar Holdings Inc4,465shares**601,703 
PAYCHEX INC26,694shares**2,994,533 
PHILIP MORRIS INTL INC38,117shares**6,113,967 
PROCTER & GAMBLE CO/THE13,857shares**1,985,847 
PROGRESSIVE CORP21,854shares**4,976,593 
RBC Bearings Inc8,783shares**3,938,561 
Repligen Corporation7,293shares**1,195,031 
ROPER TECHNOLOGIES INC7,153shares**3,184,015 
ROSS STORES INC21,570shares**3,885,620 
SCHWAB CHARLES CORP85,499shares**8,542,205 
SEA LTD ADR32,538shares**4,150,873 
SERVICENOW INC85,347shares**13,074,307 
SHERWIN-WILLIAMS CO/THE9,154shares**2,966,171 
SHOPIFY INC - CLASS A52,816shares**8,501,792 
Siteone Landscape Supply Inc13,182shares**1,641,950 
SPS Commerce Inc5,688shares**506,971 
SPX Technologies, Inc.8,148shares**1,630,089 
STARBUCKS CORP38,438shares**3,236,864 
STRYKER CORP11,158shares**3,921,702 
SYNOPSYS INC9,668shares**4,541,253 
TAIWAN SEMICONDUCTOR-SP ADR17,744shares**5,392,224 
TE CONNECTIVITY PLC41,913shares**9,535,627 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
TESLA INC58,757shares**26,424,198 
TEXAS INSTRUMENTS INC39,770shares**6,899,697 
Texas Roadhouse Inc16,704shares**2,772,864 
THERMO FISHER SCIENTIFIC INC8,897shares**5,155,367 
TJX COMPANIES INC28,390shares**4,360,988 
T-MOBILE US INC38,059shares**7,727,499 
TRANSDIGM GROUP INC1,622shares**2,157,017 
Trex Company, Inc.15,662shares**549,423 
Tyler Technologies Inc.2,453shares**1,113,539 
UFP Technologies Inc.2,747shares**609,916 
UNITEDHEALTH GROUP INC29,676shares**9,796,345 
Valvoline Inc33,829shares**983,071 
Veralto Corporation4,272shares**426,260 
Vericel Corporation35,254shares**1,269,497 
Vertex Inc CL A47,039shares**939,369 
VISA INC-CLASS A SHARES75,056shares**26,322,890 
WD-40 Co.4,552shares**896,289 
WillScot Holdings Corporation COM CL A13,048shares**245,694 
$1,470,856,662 
Bonds
 AAR ESCROW 6.75%3/15/2029**$36,933 
 AASET 2022-1A A 6.00%5/16/2047**113,684 
 AbbVie Inc 4.70%5/14/2045**101,123 
 ACRISURE LLC 6.75%7/1/2032**48,166 
 ACUSHNET 5.63%12/1/2033**30,586 
 AEP TEXAS 5.45%5/15/2029**34,406 
 Agree LP 5.63%6/15/203487,229 
 ALLIANT ENERGY 5.75%4/1/2056**31,459 
 ALLIANT HOLDINGS 6.50%10/1/2031**26,205 
 ALLIED UNIVERSAL 7.88%2/15/2031**92,159 
 ALTICE FRANCE 6.88%7/15/2032**14,652 
 AMENTUM HOLDINGS 7.25%8/1/2032**27,122 
 AMER AXLE & MFG 6.38%10/15/2032**20,690 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 AMER AXLE & MFG 7.75%10/15/2033**15,571 
 AMERICAN AIRLINE 7.25%2/15/2028**42,008 
 AMERICAN AIRLINE 8.50%5/15/2029**26,434 
 AMERICAN EXPRESS 5.02%4/25/2031**138,318 
 AMERICAN HOMES 4 5.50%2/1/2034**91,024 
 AMERICAN TOWER 3.70%10/15/2049**33,090 
 AMERICAN TOWER 5.55%7/15/2033**118,064 
 Amgen Inc 5.75%3/2/2063**107,514 
 AMPHENOL CORP 5.30%11/15/2055**44,322 
 AMRIZE FINANCE 4.95%4/7/2030**26,897 
 ANTERO MIDSTREAM 5.75%7/1/2034**45,420 
 ANY GRP RE/REAL 5.25%4/15/2030**18,984 
 ANYWHERE RE/CO-I 7.00%4/15/2030**20,292 
 APH/APH2/APH3/AQ 7.88%11/1/2029**20,477 
 AppLovin Corp 5.38%12/1/2031**54,229 
 ArcelorMittal SA 6.00%6/17/2034**63,676 
 ARCHROCK LP/FIN 6.63%9/1/2032**36,894 
 AREIT 2025-CRE10 A 5.35%12/17/2029**100,510 
 ARIZONA PUB SERV 5.90%8/15/2055**130,041 
 ARROW ELECTRONIC 5.88%4/10/2034**63,559 
 ARTHUR J GALLAGH 4.85%12/15/2029**32,835 
 AT&T Inc 3.50%9/15/2053**104,046 
 AT&T INC 6.05%8/15/2056**18,803 
 ATHENE GLOBAL FU 4.72%10/8/2029**53,666 
 ATHENE GLOBAL FU 5.03%7/17/2030**35,054 
 Atlassian Corp 5.25%5/15/2029**41,435 
 AutoZone Inc 5.13%6/15/2030**61,011 
 AVIATION CAPITAL 5.38%7/15/2029**88,192 
 AVOLON HDGS 5.75%3/1/2029**187,678 
 AZORRA FINANCE 7.75%4/15/2030**21,523 
 AZORRA FINANCE 7.25%1/15/2031**43,513 
 BANK 2017-BNK6 XA 0.76%7/1/2060**20,982 
 BANK 2019-BN20 XA 0.81%9/1/2062**56,299 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 BANK 2020-BN27 A5 2.14%4/1/2063**112,161 
 BANK 2022-BNK39 AS 3.18%2/1/2055**91,184 
 BANK 2025-BNK50 XA 0.34%5/1/2068**95,839 
 BANK OF AMER CRP 5.47%1/23/2035**45,840 
 BANK OF AMER CRP 5.74%2/12/2036**56,423 
 BANK OF AMER CRP 6.63%8/1/2174**33,721 
 BANK OF NY MELLO 5.06%7/22/2032**99,570 
 BANK5 2024-5YR10 AS 5.64%10/1/2057**77,508 
 BANK5 2024-5YR9 A3 5.61%8/1/2057**60,674 
 BANK5 2025-5YR16 AS 5.75%8/1/2063**104,107 
 BANK5 2025-5YR18 A3 5.15%12/1/2058**103,309 
 BAT Capital Corp 4.54%8/15/2047**44,917 
 BAT Capital Corp 5.63%8/15/2035**64,871 
 BAUSCH + LOMB CO 8.38%10/1/2028**47,967 
 BAUSCH HEALTH 5.25%1/30/2030**10,899 
 BBCMS 2021-C11 ASB 2.11%9/1/2054**95,024 
 BBCMS 2021-C12 A5 2.69%11/1/2054**89,969 
 BBCMS 2021-C9 A5 2.30%2/1/2054**90,340 
 BBCMS 2022-C16 A5 4.60%6/1/2055**99,883 
 BBCMS 2024-5C29 A3 5.21%9/1/2057**60,933 
 BBCMS 2024-C24 A5 5.42%2/1/2057**104,896 
 BBCMS 2025-5C34 A3 5.66%5/1/2058**105,247 
 BBIRD 2021-1A A 2.44%7/15/2046**90,104 
 BELL CANADA 6.88%9/15/2055**35,908 
 BFLD 2025-FPM A 5.01%10/1/2040**101,670 
 BIOGEN INC 5.05%1/15/2031**126,665 
 Black Hills Corp 6.00%1/15/2035**118,302 
 BLOCK FINANCIAL 5.38%9/15/2032**67,679 
 BMARK 2019-B11 A4 3.28%5/1/2052**97,130 
 BMARK 2020-B19 AS 2.15%9/1/2053**84,703 
 BMARK 2021-B31 A5 2.67%12/1/2054**89,927 
 BMARK 2022-B32 AS 3.41%1/1/2055**88,427 
 BMARK 2024-V11 A3 5.91%11/1/2057**65,513 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 BMARK 2024-V8 A3 6.19%7/1/2057**65,833 
 BMARK 2024-V9 A3 5.60%8/1/2057**104,444 
 BMARK 2025-V15 AS 6.17%6/1/2058**105,584 
 BMARK 2025-V17 A3 5.07%9/1/2058**65,899 
 BMARK 2025-V18 AS 5.59%10/1/2058**103,564 
 BMO 2024-5C6 A3 5.32%9/1/2057**59,945 
 BMO 2024-5C7 AS 5.89%11/1/2057**44,454 
 BMO 2025-5C11 AS 5.94%7/1/2058**78,485 
 BROADCOM INC 3.50%2/15/2041**115,852 
 BROWN & BROWN 6.25%6/23/2055**26,064 
 BUCKEYE PARTNERS 6.88%7/1/2029**32,351 
 BUILDERS FIRSTSO 6.38%3/1/2034**47,539 
 BUILDERS FIRSTSO 6.75%5/15/2035**31,662 
 BUNGE LTD FIN CP 4.65%9/17/2034**72,638 
 BURLINGTON NORTH 5.50%3/15/2055**56,195 
 BX 2025-ARIA C 5.52%12/1/2042**101,324 
 CAESARS ENT 6.00%10/15/2032**44,364 
 CAMPBELLS CO/THE 5.40%3/21/2034**60,997 
 CARDINAL HEALTH 4.60%3/15/2043**50,964 
 CARDINAL HEALTH 4.50%11/15/2044**6,939 
 CARLISLE COS INC 5.55%9/15/2040**26,894 
 Carnival Corp 6.13%2/15/2033**22,181 
 CARNIVAL CORP 5.75%8/1/2032**26,347 
 CARNIVAL CORP 5.13%5/1/2029**21,471 
CARVANA CO 144A 20230901 9% 203006019.00%6/1/2030**598,385 
CARVANA CO 144A 20230901 9% 203106019.00%6/1/2031**880,864 
 CCL INDS INC 3.05%6/1/2030**61,535 
 CCO HOLDINGS LLC 4.25%1/15/2034**17,416 
 CCO HOLDINGS LLC 4.75%2/1/2032**23,362 
 CCO HOLDINGS LLC 5.13%5/1/2027**25,194 
 CCO HOLDINGS LLC 4.75%3/1/2030**38,860 
 CELANESE US HLDS 6.50%4/15/2030**10,195 
 CELANESE US HLDS 6.75%4/15/2033**10,099 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 CGCMT 2022-GC48 A5 4.58%5/1/2054**100,250 
 CGMS 2024-2A D 7.71%4/25/2037**515,245 
 CHENIERE ENERGY 4.63%10/15/2028**109,918 
 CHENIERE ENERGY 5.65%4/15/2034**66,136 
 CHENIERE ENERGYP 4.00%3/1/2031**61,219 
 CHORD ENERGY 6.75%3/15/2033**36,913 
 CHORD ENERGY 6.00%10/1/2030**20,625 
 CHS/COMMUNITY 6.00%1/15/2029**30,938 
 CIFC 2020-3A A1R2 5.07%10/20/2038**505,094 
 CIPHER COMPUTE 7.13%11/15/2030**20,549 
 CITIGROUP INC 4.95%5/7/2031**54,547 
 CITIGROUP INC 4.50%9/11/2031**37,634 
 Citigroup Inc 3.06%1/25/2033**121,772 
 CITIGROUP INC 6.88%11/15/2174**33,553 
 CLARIOS GLOBAL 6.75%2/15/2030**58,963 
 CLARIOS GLOBAL 6.75%9/15/2032**58,212 
 CLD SFTWR GRP IN 9.00%9/30/2029**15,974 
 CLD SFTWR GRP IN 6.63%8/15/2033**15,253 
 CLEAR CHANNEL OU 7.50%6/1/2029**20,002 
 CLEAR CHANNEL OU 7.13%2/15/2031**37,792 
 CLYDESDALE ACQUI 6.75%4/15/2032**52,160 
 CMS ENERGY 6.50%6/1/2055**31,028 
 CNX RESOURCES CO 6.00%1/15/2029**20,714 
 COLONIAL ENT INC 5.63%11/15/2035**38,677 
 COMMONWEALTH EDI 5.95%6/1/2055**126,525 
 CommScope LLC 9.50%12/15/2031**5,076 
 CONSUMERS ENERGY 4.50%1/15/2031**37,516 
 COREWEAVE INC 9.25%6/1/2030**18,770 
 CORNERSTONE BU 9.50%8/15/2029**15,534 
 COUGAR JV SUBSID 8.00%5/15/2032**16,246 
 CRH AMERICA FIN 4.40%2/9/2031**62,739 
 CSAIL 2017-CX9 XA 0.58%9/1/2050**10,563 
 CSMC 2021-B33 B 3.64%10/1/2043**89,916 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 CSX Corp 3.80%11/1/2046**103,690 
 CYRUS 2024-2A A2 4.50%5/20/2049**122,327 
 DAFC 2017-AMO A 3.64%6/1/2035**97,612 
 Dcli Bidco LLC 7.75%11/15/2029**36,352 
 DEALER TIRE LLC 8.00%2/1/2028**25,968 
 Dell Inc 6.50%4/15/2038**31,619 
 DIRECTV FIN/DTV 5.88%8/15/2027**17,487 
 DIRECTV FINANCIN 8.88%2/1/2030**31,146 
 DISH DBS Corp 5.13%6/1/2029**13,390 
 DISH DBS Corp 5.75%12/1/2028**24,679 
 DNFRA 2021-1A B 2.36%4/15/2049**487,576 
 DORNOCH DEBT MER 6.63%10/15/2029**13,215 
 DPABS 2025-1A A2II 5.22%7/25/2055**101,945 
 DT MIDSTREAM 4.13%6/15/2029**32,641 
 DTE Energy Co 5.85%6/1/2034**92,177 
 DUKE ENERGY COR 5.00%8/15/2052**37,005 
 DUKE ENERGY COR 5.80%6/15/2054**85,671 
 EASTERN ENERGY 5.65%10/15/2054**60,767 
 EchoStar Corp 10.75%11/30/2029**22,317 
 ELEMENT FLEET MA 5.04%3/25/2030**63,193 
 ELEVANCE HEALTH 4.55%5/15/2052**34,387 
 ELLUCIAN HOLDING 6.50%12/1/2029**30,827 
 EMRLD BOR / EMRD 6.75%7/15/2031**43,438 
 EMRLD BOR / EMRD 6.63%12/15/2030**73,199 
 ENERGIZER HLDGS 6.00%9/15/2033**24,424 
 ENTERGY LA LLC 5.80%3/15/2055**124,151 
 Equinix Inc 2.95%9/15/2051**62,602 
 ESSENTIAL PROPER 5.40%12/1/2035**36,246 
 EXPAND ENRGY 6.75%4/15/2029**37,747 
 EXPEDIA GRP INC 3.80%2/15/2028**112,082 
 EXTRA SPACE STOR 5.40%6/15/2035**61,681 
 FERTITTA ENT LLC 6.75%1/15/2030**14,739 
 FG G61645 4.00%10/1/2048**26,814 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 FIRST IND LP 5.25%1/15/2031**82,233 
 Fiserv Inc 5.45%3/15/2034**111,277 
 FLASH COMPUTE 7.25%12/31/2030**29,772 
 FLEX LTD 5.38%11/13/2035**33,171 
 FLORIDA GAS TRAN 5.75%7/15/2035**27,882 
 FLOWERS FOODS 5.75%3/15/2035**60,282 
 FN AR8604 3.00%7/1/2043**225,411 
 FN BR2217 2.50%8/1/2051**313,604 
 FN BS4941 2.46%4/1/2032**261,118 
 FN BZ1438 4.97%7/1/2031**975,908 
 FN BZ4013 4.48%6/1/2030**385,578 
 FN BZ4558 5.60%8/1/2055**387,270 
 FN CB2168 3.00%11/1/2051**162,372 
 FN CB7272 6.00%10/1/2053**220,261 
 FN CB7335 5.50%10/1/2053**308,096 
 FN CB8138 5.50%3/1/2054**111,324 
 FN CB8692 5.50%6/1/2054**330,431 
 FN DC9234 5.50%12/1/2054**311,752 
 FN FA0372 2.50%1/1/2054**484,999 
 FN FA1142 6.00%10/1/2054**565,453 
 FN FA1144 6.00%6/1/2054**140,811 
 FN FA2724 5.50%9/1/2055**565,323 
 FN FM9934 3.00%12/1/2048**212,241 
 FN FS5420 2.50%3/1/2052**265,473 
 FN FS5875 2.50%4/1/2052**266,308 
 FN FS6309 6.00%12/1/2053**219,160 
 FN FS8999 6.00%8/1/2054**281,488 
 FN FS9728 3.00%3/1/2052**163,447 
 FN MA4492 2.00%12/1/2051**491,303 
 FN MA4709 5.00%7/1/2052**163,736 
 FN MA4805 4.50%11/1/2052**292,254 
 FNR 2018-21 PO —%4/1/2048**91,061 
 FR SD0905 3.00%3/1/2052**326,950 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 FR SD1084 3.50%5/1/2051**567,081 
 FR SD2347 5.50%2/1/2053**267,836 
 FR SD2912 5.00%5/1/2053**469,969 
 FR SD3803 2.00%2/1/2052**287,977 
 FR SD3892 5.50%9/1/2053**386,461 
 FR SD4301 6.00%11/1/2053**288,390 
 FR SD5249 5.50%4/1/2054**331,628 
 FR SD5573 3.00%8/1/2052**675,527 
 FR SD5677 5.00%3/1/2054**276,462 
 FR SD6815 6.00%4/1/2054**441,212 
 FR SD7538 2.00%4/1/2051**133,178 
 FR SD7553 3.00%3/1/2052**176,572 
 FR SD7564 5.00%6/1/2053**278,960 
 FR SD7568 5.50%2/1/2054**429,027 
 FR SD8146 2.00%5/1/2051**479,404 
 FR SD8161 2.50%8/1/2051**922,017 
 FR SD8245 4.50%9/1/2052**348,754 
 FR SD8276 5.00%12/1/2052**379,032 
 FR SL1712 6.00%12/1/2054**483,138 
 FREE MTGE HOLD 8.38%4/1/2032**10,744 
 FSRIA 2025-FL10 A 5.12%8/19/2042**100,424 
 FTAI AVIATION IN 5.88%4/15/2033**15,443 
 FULL HOUSE RESOR 8.25%2/15/2028**13,555 
 GARDA SECURITY 8.25%8/1/2032**79,103 
 GARDA SECURITY 8.38%11/15/2032**46,385 
 GARDA SECURITY 6.50%1/15/2031**25,795 
 GATX Corp 5.20%3/15/2044**25,969 
 GATX Corp 5.50%6/15/2035**35,983 
 GE HEALTHCARE 4.80%1/15/2031**63,790 
 GENESEE & WYOMIN 6.25%4/15/2032**47,056 
 GGAM Finance Ltd 6.88%4/15/2029**36,897 
 GLB AIR LEASE CO 8.75%9/1/2027**133,433 
 GLOBAL PAY INC 5.55%11/15/2035**31,049 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 Goat Holdco LLC 6.75%2/1/2032**26,400 
 GOLDMAN SACHS GP 6.85%8/10/2174**31,052 
 GOLDMAN SACHS GP 4.37%10/21/2031**64,405 
 GOLDMAN SACHS GP 4.94%10/21/2036**63,171 
 GRAHAM HOLDINGS 5.63%12/1/2033**35,626 
 GRAY MEDIA 9.63%7/15/2032**27,053 
 GRAY MEDIA 7.25%8/15/2033**26,346 
 Griffon Corp 5.75%3/1/2028**76,624 
 GSKY 2025-3A D 5.15%12/27/2060**150,174 
 GUARDIAN LIFE 4.80%4/28/2030**54,630 
 GULFPORT ENERGY 6.75%9/1/2029**42,257 
 GULFSTREAM NAT 5.60%7/23/2035**38,923 
 HART 2024-C C 4.86%2/17/2032**203,404 
 HARVEST MIDSTREA 7.50%5/15/2032**36,846 
 HERC HOLDINGS 7.00%6/15/2030**26,403 
 HERC HOLDINGS 5.75%3/15/2031**10,178 
 HERC HOLDINGS 6.00%3/15/2034**10,164 
 HILCORP ENERGY I 7.25%2/15/2035**24,459 
 HP ENTERPRISE 5.00%10/15/2034**124,263 
 HUB INTL LTD 7.25%6/15/2030**15,806 
 HUBBELL INC 4.80%11/15/2035**36,007 
 HYUNDAI CAP AMER 5.30%1/8/2029**114,664 
 ILLUMINA INC 4.75%12/12/2030**52,759 
 IQVIA Inc 6.25%2/1/2029**72,411 
 JBS HLD/FD/LUX 3.75%12/1/2031**86,886 
 JETBLUE AIRW/LOY 9.88%9/20/2031**10,114 
 JPMORGAN CHASE 5.14%1/24/2031**53,866 
 JPMORGAN CHASE 5.10%4/22/2031**120,951 
 JPMORGAN CHASE 5.58%7/23/2036**42,372 
 JPMORGAN CHASE 4.81%10/22/2036**66,169 
 KENTUCKY UTIL 5.85%8/15/2055**26,819 
 KINDER MORGAN EN 6.95%1/15/2038**32,389 
 KODIAK GAS SERVI 7.25%2/15/2029**74,784 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 KODIAK GAS SERVI 6.50%10/1/2033**15,640 
 KODIAK GAS SERVI 6.75%10/1/2035**15,756 
 KROGER CO 5.65%9/15/2064**62,166 
 KYNDRYL HOLDINGS 4.10%10/15/2041**119,103 
 LABORATORY CORP 4.55%4/1/2032**113,195 
 LAMAR MEDIA CORP 5.38%11/1/2033**30,271 
 LCCM 2017-LC26 C 4.71%7/3/2050**94,238 
 LEVEL 3 FIN INC 6.88%6/30/2033**51,214 
 Life Time Inc 6.00%11/15/2031**61,968 
 LIFEPOINT HEALTH 10.00%6/1/2032**32,150 
 LIGHT & WONDER 6.25%10/1/2033**36,040 
 LINDBLAD EXPEDIT 7.00%9/15/2030**26,728 
 LINEAGE OP LP 5.25%7/15/2030**62,289 
 LMRK 2025-1A A 5.52%9/15/2055**151,940 
 LNCR 2025-CRE8 A 5.12%8/17/2042**100,352 
 LOCKHEED MARTIN 5.00%8/15/2035**65,530 
 Lowe's Cos Inc 5.63%4/15/2053**34,389 
 MACQUARIE AIR 5.15%3/17/2030**62,791 
 MACQUARIE AIR 5.20%3/27/2028**63,795 
 Madison IAQ LLC 5.88%6/30/2029**79,591 
 MARRIOTT INTL 5.30%5/15/2034**64,386 
 MARRIOTT INTL 4.50%10/15/2031**63,177 
 Mars Inc 5.70%5/1/2055**61,387 
 MARVELL TECH INC 5.95%9/15/2033**121,771 
 MasTec Inc 5.90%6/15/2029**63,809 
 MATADOR RESOURC 6.50%4/15/2032**30,856 
 MATTEL INC 5.00%11/17/2030**25,334 
 McDonald's Corp 5.45%8/14/2053**52,598 
 MCGRAW-HILL ED 5.75%8/1/2028**20,596 
 MCGRAW-HILL ED 7.38%9/1/2031**10,804 
 MEDLINE BOR/CO-I 6.25%4/1/2029**84,051 
 MEDLINE BORROWER 5.25%10/1/2029**35,669 
 MERCK & CO INC 5.70%9/15/2055**81,291 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 META PLATFORMS 5.40%8/15/2054**110,380 
 METIS MERGER SUB 6.50%5/15/2029**19,984 
 MetLife Inc 6.35%3/15/2055**53,691 
 MF1 2025-FL17 A 5.05%2/18/2040**100,465 
 MICHAELS COS INC 5.25%5/1/2028**9,713 
 MIDWEST GMNG BOR 4.88%5/1/2029**34,736 
 MINERVA MERGER 6.50%2/15/2030**40,896 
 MITR BRDN / MIWD 6.75%4/1/2032**36,494 
 MOLEX ELECT TECH 5.25%4/30/2032**70,433 
 Morgan Stanley 5.95%1/19/2038**31,302 
 Morgan Stanley 5.94%2/7/2039**62,365 
 MORGAN STANLEY 4.36%10/22/2031**32,169 
 MOTOROLA SOLUTIO 5.20%8/15/2032**54,047 
 MSAIC 2020-2A B 2.21%8/20/2046**30,288 
 MSBAM 2012-CKSV CK 4.16%10/1/2030**131,068 
 MVWOT 2021-1WA C 1.94%1/22/2041**40,349 
 NABORS INDS INC 9.13%1/31/2030**21,750 
 NABORS INDS INC 7.63%11/15/2032**14,915 
 NATIONAL FUEL GA 5.95%3/15/2035**25,574 
 NAVTR 2021-1 A 2.77%11/15/2046**96,085 
 NCL CORP 5.88%1/15/2031**10,138 
 NCL CORP 6.25%9/15/2033**10,181 
 NEPTUNE BIDCO US 10.38%5/15/2031**15,622 
 NETAPP INC 5.50%3/17/2032**30,642 
 Netflix Inc 5.40%8/15/2054**81,192 
 NEW YORK LIFE 6.75%11/15/2039**31,122 
 NEWELL BRANDS I 6.38%5/15/2030**14,790 
 NEXTERA ENERGY 5.90%3/15/2055**30,874 
 NGL EN OP/FIN 8.13%2/15/2029**15,735 
 NiSource Inc 5.35%4/1/2034**113,045 
 NiSource Inc 6.95%11/30/2054**30,510 
 NiSource Inc 5.85%4/1/2055**51,625 
 NISSAN MOTOR ACC 6.13%9/30/2030**30,496 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 NORTHROP GRUMMAN 5.20%6/1/2054**101,657 
 NOVELIS CORP 6.88%1/30/2030**16,015 
 NRG Energy Inc 6.00%2/1/2033**26,170 
 NXP BV/NXP FDG 4.85%8/19/2032**52,266 
 OCT34 2017-1A D 6.65%1/20/2030**509,383 
 Olin Corp 6.63%4/1/2033**20,206 
 OMEGA HEALTHCARE 3.38%2/1/2031**64,485 
 ONEMAIN FINANCE 7.50%5/15/2031**31,874 
 ONEMAIN FINANCE 6.50%3/15/2033**36,082 
 Oracle Corp 5.20%9/26/2035**31,109 
 ORACLE CORP 5.88%9/26/2045**46,876 
 O'REILLY AUTOMOT 5.00%8/19/2034**59,505 
 OSCAR 2021-2A A4 1.27%9/11/2028**139,989 
 Owens Corning 5.70%6/15/2034**54,842 
 PANTHER ESCROW 7.13%6/1/2031**31,201 
 PARK INTERMED HL 7.00%2/1/2030**47,665 
 Paychex Inc 5.35%4/15/2032**124,664 
 PENNYMAC FIN SVC 7.88%12/15/2029**16,023 
 PENNYMAC FIN SVC 6.88%5/15/2032**21,125 
 PENSKE TRUCK LE 5.25%2/1/2030**122,028 
 PERMIAN RESR OPR 6.25%2/1/2033**61,034 
 PHILIP MORRIS IN 5.38%2/15/2033**62,930 
 PHILIP MORRIS IN 5.25%2/13/2034**59,029 
 PHILLIPS EDIS 5.25%8/15/2032**70,535 
 PNC FINANCIAL 5.37%7/21/2036**43,165 
 POST HOLDINGS IN 6.38%3/1/2033**98,062 
 PRUDENTIAL FIN 5.20%3/14/2035**77,082 
 PSEG POWER LLC 5.20%5/15/2030**42,231 
 QNITY ELECTRONIC 6.25%8/15/2033**26,535 
 Qorvo Inc 3.38%4/1/2031**49,654 
 QUANTA SERVICES 5.25%8/9/2034**57,556 
 QUEST DIAGNOSTIC 5.00%12/15/2034**119,785 
 QUIKRETE HOLDING 6.75%3/1/2033**37,362 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 QXO BLDG PRODUCT 6.75%4/30/2032**21,133 
 RADIOLOGY PARTNE 8.50%7/15/2032**43,545 
 REPUBLIC SVCS 5.15%3/15/2035**62,936 
 RHP HOTEL PPTY 6.50%6/15/2033**47,091 
 RIO TINTO FIN PL 5.75%3/14/2055**35,293 
 RIVERS BOR/FIN 6.63%2/1/2033**68,290 
 RIVERS LLC/CORP 6.25%10/15/2030**15,534 
 ROCKET COS INC 6.38%8/1/2033**26,942 
 Rollins Inc 5.25%2/24/2035**27,022 
 ROPER TECHNOLOGI 4.25%9/15/2028**19,383 
 ROYAL BK CANADA 4.31%11/3/2031**127,324 
 ROYAL CARIBBEAN 5.38%7/15/2027**33,045 
 ROYAL CARIBBEAN 5.38%1/15/2036**54,972 
 ROYALTY PHARM 5.15%9/2/2029**56,444 
 ROYALTY PHARM 5.95%9/25/2055**39,468 
 Sabre GLBL Inc 8.63%6/1/2027**5,247 
 Sabre GLBL Inc 10.75%11/15/2029**11,242 
 SABRE GLBL INC 10.75%3/15/2030**13,279 
 SCLGX 2025-1A A2 5.67%7/25/2055**100,574 
 SCLP 2025-3 A 4.47%8/15/2034**76,229 
 Seaspan Corp 5.50%8/1/2029**38,938 
 SGCMS 2016-C5 XA 1.81%10/1/2048**2,189 
 SIRIUS XM RADIO 5.50%7/1/2029**51,813 
 SLAM 2024-1A A 5.34%9/15/2049**232,104 
 SM Energy Co 7.00%8/1/2032**30,386 
 SOLSTICE ADVANCE 5.63%9/30/2033**5,118 
 SONOCO PRODUCTS 4.60%9/1/2029**59,384 
 SOUTHERN CO 6.38%3/15/2055**20,198 
 SOUTHERN GAS 4.05%9/15/2028**21,279 
 SOUTHERN NAT GAS 5.45%8/1/2035**16,762 
 SOUTHERN POWER 4.90%10/1/2035**36,134 
 STANDARD BUILDIN 6.50%8/15/2032**21,096 
 STANDARD BUILDIN 5.88%3/15/2034**15,110 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 Staples Inc 10.75%9/1/2029**25,782 
 STAR LEASING CO 7.63%2/15/2030**19,199 
 STARWOOD PROP TR 5.25%10/15/2028**46,055 
 STATION CAS 6.63%3/15/2032**36,671 
 STKPK 2022-1A AR 5.26%10/15/2037**507,750 
 STWD 2021-FL2 A 5.05%4/18/2038**42,034 
 SUN COMMUNITIES 2.70%7/15/2031**65,444 
 SUZANO NETHERLAN 5.50%1/15/2036**37,332 
 SWTCH 2024-2A B 6.20%6/25/2054**252,327 
 TALEN ENERGY SUP 6.25%2/1/2034**20,630 
 TALLGRASS NRG 7.38%2/15/2029**15,977 
 TALLGRASS NRG 6.75%3/15/2034**15,327 
 TAYLOR MORRISON 5.75%11/15/2032**31,130 
 TELUS CORP 7.00%10/15/2055**64,435 
 TENET HEALTHCARE 6.00%11/15/2033**5,187 
 TENET HEALTHCARE 5.50%11/15/2032**5,105 
 TEXTRON INC 5.50%5/15/2035**62,725 
 T-Mobile USA Inc 5.50%1/15/2055**59,390 
 T-Mobile USA Inc 5.25%6/15/2055**35,651 
 T-Mobile USA Inc 5.88%11/15/2055**31,333 
 TORONTO DOM BANK 4.93%10/15/2035**32,328 
 TRANS-ALLEGHENY 5.00%1/15/2031**125,064 
 TRANSDIGM INC 6.38%5/31/2033**51,615 
 TRANSDIGM INC 6.25%1/31/2034**5,306 
 TRANSDIGM INC 6.75%1/31/2034**5,335 
 TRAVELERS COS 5.70%7/24/2055**26,174 
 TRIDENT TPI HOLD 12.75%12/31/2028**25,656 
 TRITON CONTAINER 3.25%3/15/2032**56,075 
 TRUIST FINANCIAL 5.15%8/5/2032**118,112 
 UBER TECHNOLOGIE 4.80%9/15/2034**119,713 
 UBSCM 2017-C4 A3 3.30%10/1/2050**90,558 
 UKG Inc 6.88%2/1/2031**74,021 
 UNITED NATURAL 6.75%10/15/2028**101,999 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 UNITED RENTAL NA 5.38%11/15/2033**20,088 
 UNITI / CSL 8.63%6/15/2032**19,793 
 UNIVISION COMM 7.38%6/30/2030**25,505 
 US Foods Inc 5.75%4/15/2033**61,899 
 VAIL RESORTS 6.50%5/15/2032**15,700 
 VALE OVERSEAS 6.40%6/28/2054**52,124 
 VENTURE GLOBAL 7.50%5/1/2033**10,936 
 VENTURE GLOBAL 6.50%1/15/2034**31,707 
 VENTURE GLOBAL 6.13%12/15/2030**10,227 
 VENTURE GLOBAL L 8.13%6/1/2028**15,303 
 VENTURE GLOBAL L 8.38%6/1/2031**20,040 
 VENTURE GLOBAL L 9.88%2/1/2032**10,748 
 VERALTO CORP 5.45%9/18/2033**32,850 
 VeriSign Inc 5.25%6/1/2032**76,418 
 VERISK ANALYTICS 5.25%6/5/2034**62,865 
 VERITIV OPERATIN 10.50%11/30/2030**27,138 
 VERIZON COMM INC 5.75%11/30/2045**77,949 
 VERTIV GROUP COR 4.13%11/15/2028**30,801 
 VIC HLDG/VIC FIN 8.75%9/15/2029**76,002 
 VICI PROPERTIES 4.63%12/1/2029**121,278 
 Videotron Ltd 5.70%1/15/2035**63,996 
 VIK CRUISES LTD 5.88%10/15/2033**51,483 
 VIPER ENERGY PAR 4.90%8/1/2030**21,706 
 VIRGINIA EL&PWR 5.55%8/15/2054**42,620 
 VIRGINIA EL&PWR 5.60%9/15/2055**24,736 
 VISTRA OPERATION 4.38%5/1/2029**63,695 
 VISTRA OPERATION 7.75%10/15/2031**21,520 
 Vital Energy Inc 7.88%4/15/2032**10,026 
 VOYAGER PARENT L 9.25%7/1/2032**33,594 
 VSP OPTICAL GROU 5.45%12/1/2035**46,581 
 VT Topco Inc 8.50%8/15/2030**27,031 
 WAND NEWCO 3 7.63%1/30/2032**16,362 
 WARNERMEDIA HLDG 4.28%3/15/2032**8,917 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 WARNERMEDIA HLDG 5.05%3/15/2042**10,817 
 WARNERMEDIA HLDG 4.05%3/15/2029**19,697 
 WASTE CONNECT 5.25%9/1/2035**53,289 
 WATCO COS LLC/FI 7.13%8/1/2032**32,327 
 Wayfair LLC 7.25%10/31/2029**21,200 
 WAYFAIR LLC 6.75%11/15/2032**20,788 
 WBI OPERATING 6.50%10/15/2033**50,605 
 WEATHERFORD INTE 6.75%10/15/2033**52,029 
 WEC ENERGY GROUP 5.63%5/15/2056**43,672 
 WELLS FARGO CO 5.15%4/23/2031**187,592 
 WELLS FARGO CO 4.89%9/15/2036**66,770 
 WESCO DISTRIBUT 6.38%3/15/2033**21,270 
 WESTINGHOUSE AIR 4.90%5/29/2030**120,423 
 WFCM 2017-C38 XA 0.90%7/1/2050**24,321 
 WFCM 2019-C50 A4 3.47%5/1/2052**96,435 
 WFCM 2020-C57 A4 2.12%8/1/2053**91,236 
 WFCM 2020-C58 A3 1.81%7/1/2053**87,802 
 WFCM 2021-C59 XA 1.48%4/1/2054**46,541 
 WFCM 2021-C60 A3 2.06%8/1/2054**111,229 
 WFCM 2025-5C4 A3 5.67%5/1/2058**105,075 
 WFCM 2025-5C6 AS 5.58%10/1/2058**82,899 
 WHIRLPOOL CORP 6.50%6/15/2033**24,333 
 WILLIS NORTH AME 4.55%3/15/2031**35,097 
 WINDR 2021-3A D1AR 6.88%4/20/2038**507,871 
 WINDST SERVI/ESC 8.25%10/1/2031**10,713 
 WINDSTREAM SERV 7.50%10/15/2033**10,437 
 WR GRACE HOLDING 5.63%8/15/2029**34,196 
 XPO Inc 7.13%6/1/2031**36,844 
 ZIMMER BIOMET 5.20%9/15/2034**120,093 
 Zoetis Inc 4.70%2/1/2043**23,449 
$44,852,835 
U.S. Government Issued Securities
 Ginnie Mae II Pool 2.50%12/1/2050**$282,617 
(a)(b) Identity of issue, borrower, lessor or similar party(c) Description of
investment including
maturity date, rate of
interest, collateral, par, or
maturity value		(d) Cost(e) Current value
 Ginnie Mae II Pool 3.00%11/1/2051**321,962 
 Ginnie Mae II Pool 2.50%11/1/2051**239,929 
 Ginnie Mae II Pool 3.00%2/1/2052**439,787 
 Ginnie Mae II Pool 3.00%4/1/2052**209,941 
 Ginnie Mae II Pool 3.50%7/1/2051**432,617 
 Ginnie Mae II Pool 2.50%10/1/2050**478,501 
 Ginnie Mae II Pool 3.00%5/1/2051**580,818 
 Government National Mortgage Association 2.00%12/1/2050**31,392 
 United States Treasury Note/Bond 1.25%5/15/2050**1,369,842 
 United States Treasury Note/Bond 1.38%8/15/2050**1,193,105 
 United States Treasury Note/Bond 1.13%5/15/2040**2,227,202 
 United States Treasury Note/Bond 1.88%2/15/20411,165,010 
 United States Treasury Note/Bond 1.75%8/15/2041**1,840,611 
 United States Treasury Note/Bond 0.88%11/15/2030**5,410,417 
 United States Treasury Note/Bond 3.88%8/15/2034**3,897,897 
 United States Treasury Inflation-Indexed Note/Bond 0.38%7/15/2027**249,828 
 United States Treasury Inflation-Indexed Note/Bond 1.63%10/15/2027**332,625 
 United States Treasury Inflation-Indexed Note/Bond 0.50%1/15/2028**259,380 
$20,963,481 
Self-Directed Brokerage Account
BrokeragelinkCombination of common stock, bonds, mutual funds, and ETFs**$368,805,365 
Participant Loans
*Participant loans
Interest rates range from 3.25% to 9.50% with maturity at various dates
**$50,254,104 
Total Investments (Held at End of Year)$7,069,487,601 
*Party-in-Interest
**Historical cost not required to be presented as all investments are participant-directed.