|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Asset-Backed Securities — 20.8%
|
|||||
|
Asset-Backed Certificates — 10.6%
|
|||||
|
AASET MT-1 Ltd., Ser. 2025-3A, Cl. A(b)
|
5.24
|
2/16/2050
|
|
243,913
|
241,602
|
|
Affirm Asset Securitization Trust, Ser. 2025-X2, Cl. C(b)
|
4.93
|
10/15/2030
|
|
100,000
|
100,134
|
|
Affirm Master Trust, Ser. 2025-1A, Cl. C(b)
|
5.28
|
2/15/2033
|
|
200,000
|
200,847
|
|
Affirm Master Trust, Ser. 2026-2A, Cl. A(b)
|
4.67
|
4/16/2035
|
|
100,000
|
100,133
|
|
Aligned Data Centers Issuer LLC, Ser. 2021-1A, Cl. A2(b)
|
1.94
|
8/15/2046
|
|
200,000
|
198,472
|
|
AMSR Trust, Ser. 2023-SFR2, Cl. A(b)
|
3.95
|
6/17/2040
|
|
555,000
|
545,676
|
|
Amur Equipment Finance Receivables XI LLC, Ser. 2022-2A, Cl. A2(b)
|
5.30
|
6/21/2028
|
|
1,740
|
1,741
|
|
Aqua Finance Issuer Trust, Ser. 2025-B, Cl. A(b)
|
4.79
|
5/17/2051
|
|
75,793
|
75,911
|
|
Aqua Finance Issuer Trust, Ser. 2026-A, Cl. A(b)
|
4.76
|
4/17/2051
|
|
93,957
|
93,566
|
|
Auxilior Term Funding LLC, Ser. 2023-1A, Cl. A2(b)
|
6.18
|
12/15/2028
|
|
5,097
|
5,105
|
|
BHG Securitization Trust, Ser. 2026-1CON, Cl. B(b)
|
5.30
|
6/17/2036
|
|
185,000
|
185,235
|
|
Blue Owl Asset Leasing Trust LLC, Ser. 2024-1A, Cl. A2(b)
|
5.05
|
3/15/2029
|
|
27,560
|
27,650
|
|
CF Hippolyta Issuer LLC, Ser. 2021-1A, Cl. A1(b)
|
1.53
|
3/15/2061
|
|
253,595
|
208,326
|
|
CLI Funding VI LLC, Ser. 2020-1A, Cl. A(b)
|
2.08
|
9/18/2045
|
|
80,977
|
76,173
|
|
CLI Funding VI LLC, Ser. 2020-3A, Cl. A(b)
|
2.07
|
10/18/2045
|
|
130,108
|
122,328
|
|
Compass Datacenters Issuer II LLC, Ser. 2025-1A, Cl. A1(b)
|
5.32
|
5/25/2050
|
|
100,000
|
100,451
|
|
Concord Music Royalties LLC, Ser. 2025-1A, Cl. A2(b)
|
5.51
|
7/20/2075
|
|
110,000
|
110,501
|
|
CyrusOne Data Centers Issuer I LLC, Ser. 2023-1A, Cl. B(b)
|
5.45
|
4/20/2048
|
|
83,369
|
82,010
|
|
CyrusOne Data Centers Issuer I LLC, Ser. 2025-1A, Cl. A2(b)
|
5.91
|
2/20/2050
|
|
65,000
|
65,356
|
|
DailyPay Securitization Trust, Ser. 2025-1A, Cl. A(b)
|
5.63
|
6/26/2028
|
|
100,000
|
100,242
|
|
DataBank Issuer, Ser. 2021-2A, Cl. A2(b)
|
2.40
|
10/25/2051
|
|
350,000
|
346,080
|
|
DataBank Issuer, Ser. 2023-1A, Cl. A2(b)
|
5.12
|
2/25/2053
|
|
270,000
|
268,397
|
|
DataBank Issuer, Ser. 2026-1A, Cl. A2(b)
|
5.81
|
2/25/2056
|
|
81,000
|
81,211
|
|
DataBank Issuer II LLC, Ser. 2025-1A, Cl. A2(b)
|
5.18
|
9/27/2055
|
|
271,000
|
267,245
|
|
DB Master Finance LLC, Ser. 2021-1A, Cl. A2I(b)
|
2.05
|
11/20/2051
|
|
95,750
|
94,546
|
|
Domino’s Pizza Master Issuer LLC, Ser. 2021-1A, Cl. A2I(b)
|
2.66
|
4/25/2051
|
|
277,163
|
263,141
|
|
Foundation Finance Trust, Ser. 2021-2A, Cl. A(b)
|
2.19
|
1/15/2042
|
|
59,001
|
56,232
|
|
GreenSky Home Improvement Issuer Trust, Ser. 2024-2, Cl. A4(b)
|
5.15
|
10/27/2059
|
|
38,770
|
38,924
|
|
GreenSky Home Improvement Trust, Ser. 2024-1, Cl. A4(b)
|
5.67
|
6/25/2059
|
|
103,424
|
104,844
|
|
Hilton Grand Vacations Trust, Ser. 2022-2A, Cl. A(b)
|
4.30
|
1/25/2037
|
|
27,679
|
27,471
|
|
Lmdv Issuer Co. LLC, Ser. 2025-1A, Cl. A2(b)
|
5.31
|
12/15/2055
|
|
266,000
|
265,281
|
|
Merit DAC, Ser. 2026-1A, Cl. A(b)
|
4.85
|
2/15/2040
|
|
234,985
|
232,397
|
|
MetroNet Infrastructure Issuer LLC, Ser. 2025-2A, Cl. A2(b)
|
5.40
|
8/20/2055
|
|
61,472
|
62,034
|
|
MetroNet Infrastructure Issuer LLC, Ser. 2025-4A, Cl. A2(b)
|
5.16
|
12/20/2055
|
|
43,568
|
43,631
|
|
MVW LLC, Ser. 2020-1A, Cl. A(b)
|
1.74
|
10/20/2037
|
|
26,315
|
26,113
|
|
OneMain Financial Issuance Trust, Ser. 2020-2A, Cl. A(b)
|
1.75
|
9/14/2035
|
|
189,132
|
186,745
|
|
Post Road Equipment Finance LLC, Ser. 2026-1A, Cl. A2(b)
|
4.47
|
1/18/2033
|
|
100,000
|
100,073
|
|
Regional Management Issuance Trust, Ser. 2024-1, Cl. A(b)
|
5.83
|
7/15/2036
|
|
100,000
|
101,301
|
|
Regional Management Issuance Trust, Ser. 2024-2, Cl. A(b)
|
5.11
|
12/15/2033
|
|
100,000
|
100,370
|
|
SCF Equipment Leasing LLC, Ser. 2025-1A, Cl. A3(b)
|
5.11
|
11/21/2033
|
|
100,000
|
101,374
|
|
Stack Infrastructure Issuer LLC, Ser. 2025-1A, Cl. A2(b)
|
5.00
|
5/25/2050
|
|
175,000
|
169,908
|
|
Summit Issuer LLC, Ser. 2025-1A, Cl. A2(b)
|
5.21
|
11/20/2055
|
|
146,012
|
146,431
|
|
Taco Bell Funding LLC, Ser. 2025-1A, Cl. A2I(b)
|
4.82
|
8/25/2055
|
|
128,337
|
127,159
|
|
Textainer Marine Containers VII Ltd., Ser. 2020-2A, Cl. A(b)
|
2.10
|
9/20/2045
|
|
261,965
|
246,370
|
|
Textainer Marine Containers VII Ltd., Ser. 2021-1A, Cl. A(b)
|
1.68
|
2/20/2046
|
|
205,333
|
193,071
|
|
Trinity Rail Leasing LLC, Ser. 2020-2A, Cl. A1(b)
|
1.83
|
11/19/2050
|
|
59,950
|
58,672
|
|
Triumph Rail Holdings LLC, Ser. 2021-2, Cl. A(b)
|
2.15
|
6/19/2051
|
|
244,818
|
237,712
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Asset-Backed Securities — 20.8% (continued)
|
|||||
|
Asset-Backed Certificates — 10.6% (continued)
|
|||||
|
TRP LLC, Ser. 2021-1, Cl. A(b)
|
2.07
|
6/19/2051
|
|
248,942
|
241,885
|
|
Vantage Data Centers Issuer LLC, Ser. 2021-1A, Cl. A2(b)
|
2.17
|
10/15/2046
|
|
250,000
|
246,527
|
|
Vantage Data Centers LLC, Ser. 2020-2A, Cl. A2(b)
|
1.99
|
9/15/2045
|
|
414,000
|
396,695
|
|
Vantage Data Centers LLC, Ser. 2025-1A, Cl. A2(b)
|
5.13
|
8/15/2055
|
|
30,000
|
29,170
|
|
Verizon Master Trust, Ser. 2025-1, Cl. C
|
5.09
|
1/21/2031
|
|
146,000
|
147,085
|
|
Volvo Financial Equipment LLC, Ser. 2024-1A, Cl. A3(b)
|
4.29
|
10/16/2028
|
|
147,000
|
147,264
|
|
Wendy’s Funding LLC, Ser. 2025-1A, Cl. A2I(b)
|
5.42
|
12/15/2055
|
|
114,713
|
113,431
|
|
Wingspire Equipment Finance LLC, Ser. 2024-1A, Cl. A2(b)
|
4.99
|
9/20/2032
|
|
83,427
|
83,800
|
|
Zayo Issuer LLC, Ser. 2025-2A, Cl. A2(b)
|
5.95
|
6/20/2055
|
|
297,854
|
302,924
|
|
|
|
|
|
|
8,296,973
|
|
Asset-Backed Certificates/Auto Receivables — 9.3%
|
|||||
|
Ally Auto Receivables Trust, Ser. 2024-1, Cl. A3
|
5.08
|
12/15/2028
|
|
90,519
|
90,922
|
|
Ally Bank Auto Credit-Linked Notes, Ser. 2025-B, Cl. C(b)
|
4.70
|
9/15/2033
|
|
198,973
|
198,924
|
|
American Credit Acceptance Receivables Trust, Ser. 2024-4, Cl. C(b)
|
4.91
|
8/12/2031
|
|
316,000
|
316,901
|
|
AutoNation Finance Trust, Ser. 2025-1A, Cl. C(b)
|
5.19
|
12/10/2030
|
|
96,000
|
97,138
|
|
Avis Budget Rental Car Funding AESOP LLC, Ser. 2023-3A, Cl. A(b)
|
5.44
|
2/22/2028
|
|
385,000
|
387,912
|
|
Avis Budget Rental Car Funding AESOP LLC, Ser. 2025-1A, Cl. C(b)
|
5.87
|
8/20/2029
|
|
100,000
|
100,756
|
|
Bayview Opportunity Master Fund VII Trust, Ser. 2024-SN1, Cl. C(b)
|
5.83
|
12/15/2028
|
|
59,000
|
59,531
|
|
Carvana Auto Receivables Trust, Ser. 2021-N1, Cl. C
|
1.30
|
1/10/2028
|
|
54,668
|
54,296
|
|
Carvana Auto Receivables Trust, Ser. 2021-N2, Cl. C
|
1.07
|
3/10/2028
|
|
27,040
|
26,603
|
|
Carvana Auto Receivables Trust, Ser. 2021-P4, Cl. B
|
1.98
|
2/10/2028
|
|
125,000
|
123,388
|
|
Carvana Auto Receivables Trust, Ser. 2022-P3, Cl. C
|
5.54
|
11/10/2028
|
|
238,000
|
240,980
|
|
Carvana Auto Receivables Trust, Ser. 2025-P3, Cl. C
|
4.99
|
1/12/2032
|
|
108,000
|
107,745
|
|
Chesapeake Funding II LLC, Ser. 2023-2A, Cl. A1(b)
|
6.16
|
10/15/2035
|
|
26,288
|
26,476
|
|
Citizens Auto Receivables Trust, Ser. 2024-1, Cl. A3(b)
|
5.11
|
4/17/2028
|
|
48,229
|
48,416
|
|
Enterprise Fleet Financing LLC, Ser. 2025-2, Cl. A3(b)
|
4.41
|
6/20/2029
|
|
73,000
|
73,160
|
|
Exeter Automobile Receivables Trust, Ser. 2024-3A, Cl. C
|
5.70
|
7/16/2029
|
|
81,000
|
81,754
|
|
Exeter Automobile Receivables Trust, Ser. 2025-1A, Cl. C
|
5.09
|
5/15/2031
|
|
436,000
|
439,329
|
|
Exeter Automobile Receivables Trust, Ser. 2025-4A, Cl. C
|
4.57
|
6/16/2031
|
|
114,000
|
113,750
|
|
Ford Auto Securitization Trust II, Ser. 2022-AA, Cl. A3(b)
|
5.40
|
9/15/2028
|
CAD
|
458,272
|
341,496
|
|
Ford Credit Auto Owner Trust, Ser. 2022-C, Cl. C
|
5.22
|
3/15/2030
|
|
325,000
|
325,464
|
|
Ford Credit Auto Owner Trust, Ser. 2023-1, Cl. D(b)
|
6.26
|
8/15/2035
|
|
240,000
|
244,233
|
|
GMF Floorplan Owner Revolving Trust, Ser. 2024-3A, Cl. B(b)
|
4.92
|
11/15/2028
|
|
200,000
|
200,752
|
|
Hyundai Auto Receivables Trust, Ser. 2022-C, Cl. A4
|
5.52
|
10/16/2028
|
|
326,601
|
327,917
|
|
M&T Bank Auto Receivables Trust, Ser. 2024-1A, Cl. A3(b)
|
5.22
|
2/17/2032
|
|
226,514
|
228,598
|
|
Merchants Fleet Funding LLC, Ser. 2024-1A, Cl. D(b)
|
6.85
|
4/20/2037
|
|
150,000
|
151,751
|
|
Octane Receivables Trust, Ser. 2023-1A, Cl. B(b)
|
5.96
|
7/20/2029
|
|
100,771
|
100,948
|
|
Octane Receivables Trust, Ser. 2023-3A, Cl. A2(b)
|
6.44
|
3/20/2029
|
|
10,228
|
10,244
|
|
Octane Receivables Trust, Ser. 2024-3A, Cl. A2(b)
|
4.94
|
5/20/2030
|
|
50,411
|
50,642
|
|
OneMain Direct Auto Receivables Trust, Ser. 2019-1A, Cl. B(b)
|
3.95
|
11/14/2028
|
|
173,375
|
173,101
|
|
OSCAR US Funding XIII LLC, Ser. 2021-2A, Cl. A4(b)
|
1.27
|
9/11/2028
|
|
43,884
|
43,734
|
|
Oscar US Funding XVI LLC, Ser. 2024-1A, Cl. A3(b)
|
5.54
|
2/10/2028
|
|
99,504
|
99,723
|
|
PenFed Auto Receivables Owner Trust, Ser. 2022-A, Cl. C(b)
|
4.83
|
12/15/2028
|
|
733,822
|
733,989
|
|
PenFed Auto Receivables Owner Trust, Ser. 2025-A, Cl. C(b)
|
4.67
|
2/17/2032
|
|
46,000
|
45,763
|
|
Santander Drive Auto Receivables Trust, Ser. 2024-1, Cl. B
|
5.23
|
12/15/2028
|
|
46,560
|
46,686
|
|
Santander Drive Auto Receivables Trust, Ser. 2025-1, Cl. C
|
5.04
|
3/17/2031
|
|
265,000
|
266,988
|
|
Santander Drive Auto Receivables Trust, Ser. 2025-2, Cl. C
|
5.06
|
5/15/2031
|
|
224,000
|
225,801
|
|
Santander Drive Auto Receivables Trust, Ser. 2025-4, Cl. C
|
4.52
|
1/15/2032
|
|
31,000
|
30,998
|
|
Securitized Term Auto Receivables Trust, Ser. 2025-A, Cl. C(b)
|
5.19
|
7/25/2031
|
|
114,254
|
115,140
|
|
SFS Auto Receivables Securitization Trust, Ser. 2023-1A, Cl. A3(b)
|
5.47
|
10/20/2028
|
|
67,066
|
67,346
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Asset-Backed Securities — 20.8% (continued)
|
|||||
|
Asset-Backed Certificates/Auto Receivables — 9.3% (continued)
|
|||||
|
SFS Auto Receivables Securitization Trust, Ser. 2024-1A, Cl. A3(b)
|
4.95
|
5/21/2029
|
|
42,581
|
42,784
|
|
Tesla Electric Vehicle Trust, Ser. 2023-1, Cl. A3(b)
|
5.38
|
6/20/2028
|
|
59,223
|
59,629
|
|
Toyota Auto Receivables Owner Trust, Ser. 2022-D, Cl. A3
|
5.30
|
9/15/2027
|
|
92,235
|
92,512
|
|
US Bank NA, Ser. 2023-1, Cl. B(b)
|
6.79
|
8/25/2032
|
|
34,633
|
34,907
|
|
Westlake Automobile Receivables Trust, Ser. 2025-2A, Cl. D(b)
|
5.08
|
5/15/2031
|
|
114,000
|
114,351
|
|
World Omni Auto Receivables Trust, Ser. 2023-A, Cl. A3
|
4.83
|
5/15/2028
|
|
17,499
|
17,533
|
|
World Omni Auto Receivables Trust, Ser. 2024-C, Cl. A3
|
4.43
|
12/17/2029
|
|
129,914
|
130,270
|
|
Yamaha Motor Master Trust II, Ser. 2026-A, Cl. C(b)
|
4.89
|
4/15/2031
|
|
342,000
|
342,495
|
|
|
|
|
|
|
7,253,776
|
|
Asset-Backed Certificates/Credit Cards — .2%
|
|||||
|
Evergreen Credit Card Trust, Ser. 2025-CRT5, Cl. B(b)
|
5.24
|
5/15/2029
|
|
100,000
|
100,839
|
|
Synchrony Card Funding LLC, Ser. 2023-A1, Cl. A
|
5.54
|
7/15/2029
|
|
47,000
|
47,163
|
|
|
|
|
|
|
148,002
|
|
Asset-Backed Certificates/Home Equity Loans — .7%
|
|||||
|
GS Mortgage-Backed Securities Trust, Ser. 2024-HE1, Cl. A1, (1 Month
SOFRCOMPOUND +1.60%)(b),(c)
|
5.25
|
8/25/2054
|
|
203,540
|
204,178
|
|
JPMorgan Mortgage Trust, Ser. 2024-CES1, Cl. A1B(b)
|
6.02
|
6/25/2054
|
|
174,702
|
175,616
|
|
RCKT Mortgage Trust, Ser. 2024-CES2, Cl. A1B(b)
|
6.29
|
4/25/2044
|
|
140,499
|
141,518
|
|
|
|
|
|
|
521,312
|
|
Total Asset-Backed Securities
(cost $16,222,040)
|
|
|
16,220,063
|
||
|
Collateralized Loan Obligations — 4.6%
|
|||||
|
Collateralized Loan Obligations Debt — 4.6%
|
|||||
|
Arbor Realty Commercial Real Estate Notes Ltd. CLO, Ser. 2021-FL4, Cl. A,
(1 Month TSFR +1.46%)(b),(c)
|
5.12
|
11/15/2036
|
|
75,962
|
76,033
|
|
Cerberus Loan Funding XL LLC, Ser. 2023-1A, Cl. AR, (3 Month TSFR
+1.60%)(b),(c)
|
5.25
|
3/22/2035
|
|
250,000
|
250,000
|
|
Dryden 108 Ltd. CLO, Ser. 2022-108A, Cl. X, (3 Month TSFR +1.15%)(b),(c)
|
4.83
|
7/18/2037
|
|
171,053
|
171,136
|
|
Fortress Credit Opportunities XXXI Ltd. CLO, Ser. 2025-31A, Cl. A1, (3 Month
TSFR +1.50%)(b),(c)
|
5.18
|
7/20/2033
|
|
180,143
|
180,216
|
|
Fortress Credit Opportunities XXXV Ltd. CLO, Ser. 2025-35A, Cl. A1, (3 Month
TSFR +1.40%)(b),(c)
|
5.08
|
7/20/2033
|
|
114,306
|
114,389
|
|
Goldentree Loan Management US 14 Ltd. CLO, Ser. 2022-14A, Cl. XR,
(3 Month TSFR +0.90%)(b),(c)
|
4.58
|
7/20/2037
|
|
62,500
|
62,517
|
|
Great Lakes IX Ltd. CLO, Ser. 2025-9A, Cl. A1, (3 Month TSFR +1.55%)(b),(c)
|
5.22
|
1/15/2039
|
|
250,000
|
250,062
|
|
HPS Loan Management Ltd., Ser. 2026-27A, Cl. A1, (3 Month TSFR
+1.16%)(b),(c)
|
4.87
|
4/15/2039
|
|
250,000
|
249,940
|
|
Magnetite XIX Ltd., Ser. 2017-19A, Cl. ARR, (3 Month TSFR +1.05%)(b),(c)
|
4.73
|
4/17/2034
|
|
325,000
|
325,119
|
|
MF1 Ltd. CLO, Ser. 2021-FL7, Cl. AS, (1 Month TSFR +1.56%)(b),(c)
|
5.23
|
10/16/2036
|
|
500,000
|
500,062
|
|
MF1 Ltd. CLO, Ser. 2022-FL8, Cl. AS, (1 Month TSFR +1.75%)(b),(c)
|
5.41
|
2/19/2037
|
|
375,000
|
375,093
|
|
Neuberger Berman Loan Advisers 41 Ltd. CLO, Ser. 2021-41A, Cl. AR,
(3 Month TSFR +1.05%)(b),(c)
|
4.72
|
4/15/2034
|
|
250,000
|
250,112
|
|
PFP Ltd. CLO, Ser. 2025-12, Cl. A, (1 Month TSFR +1.49%)(b),(c)
|
5.15
|
12/18/2042
|
|
250,000
|
250,687
|
|
Regatta XX Funding Ltd., Ser. 2021-2A, Cl. AR, (3 Month TSFR +1.18%)(b),(c)
|
4.85
|
1/15/2038
|
|
250,000
|
250,104
|
|
RIN IV Ltd., Ser. 2021-1A, Cl. A1R, (3 Month TSFR +1.35%)(b),(c)
|
5.03
|
10/20/2038
|
|
250,000
|
250,475
|
|
Total Collateralized Loan Obligations
(cost $3,552,838)
|
|
|
3,555,945
|
||
|
Commercial Mortgage-Backed — 6.8%
|
|||||
|
Commercial Mortgage Pass-Through Certificates — 6.8%
|
|||||
|
A&D Mortgage Trust, Ser. 2026-NQM3, Cl. A1(b)
|
5.08
|
4/25/2071
|
|
227,139
|
227,504
|
|
Angel Oak Mortgage Trust, Ser. 2024-3, Cl. A2(b)
|
4.80
|
11/26/2068
|
|
37,906
|
37,545
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Commercial Mortgage-Backed — 6.8% (continued)
|
|||||
|
Commercial Mortgage Pass-Through Certificates — 6.8% (continued)
|
|||||
|
Aspire Mortgage Trust, Ser. 2026-1, Cl. A1(b)
|
4.86
|
1/25/2066
|
|
109,787
|
109,208
|
|
BANK5 Trust, Ser. 2024-5YR12, Cl. A2
|
5.42
|
12/15/2057
|
|
428,000
|
437,845
|
|
BRAVO Residential Funding Trust, Ser. 2023-NQM5, Cl. A2(b)
|
6.86
|
6/25/2063
|
|
79,102
|
79,159
|
|
BRAVO Residential Funding Trust, Ser. 2025-NQM8, Cl. A1(b)
|
5.08
|
6/25/2065
|
|
46,637
|
46,617
|
|
BSREP Commercial Mortgage Trust, Ser. 2021-DC, Cl. C, (1 Month TSFR
+1.66%)(b),(c)
|
5.32
|
8/15/2038
|
|
426,060
|
383,561
|
|
BX Commercial Mortgage Trust, Ser. 2026-CSMO, Cl. A, (1 Month TSFR
+1.40%)(b),(c)
|
5.05
|
2/15/2043
|
|
100,000
|
100,209
|
|
BXHPP Trust, Ser. 2021-FILM, Cl. B, (1 Month TSFR +1.01%)(b),(c)
|
4.67
|
8/15/2036
|
|
450,000
|
418,767
|
|
Citigroup Commercial Mortgage Trust, Ser. 2014-GC25, Cl. B
|
4.35
|
10/10/2047
|
|
69,089
|
67,410
|
|
COLT Mortgage Loan Trust, Ser. 2023-3, Cl. A2(b)
|
7.43
|
9/25/2068
|
|
68,858
|
69,235
|
|
COLT Mortgage Loan Trust, Ser. 2025-3, Cl. A1(b)
|
5.35
|
3/25/2070
|
|
65,711
|
65,993
|
|
COLT Mortgage Loan Trust, Ser. 2025-8, Cl. A3(b)
|
5.89
|
8/25/2070
|
|
190,582
|
191,461
|
|
Cross Mortgage Trust, Ser. 2024-H2, Cl. A2(b)
|
6.42
|
4/25/2069
|
|
25,928
|
26,103
|
|
Cross Mortgage Trust, Ser. 2024-H2, Cl. A3(b)
|
6.52
|
4/25/2069
|
|
25,928
|
26,084
|
|
Cross Mortgage Trust, Ser. 2024-H3, Cl. A2(b)
|
6.58
|
6/25/2069
|
|
88,690
|
89,448
|
|
Cross Mortgage Trust, Ser. 2025-H2, Cl. A1(b)
|
5.36
|
3/25/2070
|
|
73,087
|
73,267
|
|
Cross Mortgage Trust, Ser. 2025-H2, Cl. A2(b)
|
5.46
|
3/25/2070
|
|
84,781
|
84,859
|
|
Cross Mortgage Trust, Ser. 2025-H8, Cl. A1(b)
|
5.00
|
11/25/2070
|
|
99,844
|
99,605
|
|
Cross Mortgage Trust, Ser. 2026-NQM5, Cl. A3(b)
|
5.60
|
3/25/2071
|
|
250,000
|
250,074
|
|
EFMT, Ser. 2025-RTL1, Cl. A1(b)
|
5.22
|
11/25/2040
|
|
143,000
|
142,769
|
|
Hudson Yards Mortgage Trust, Ser. 2025-SPRL, Cl. C(b)
|
6.15
|
1/13/2040
|
|
100,000
|
102,478
|
|
Imperial Fund Mortgage Trust, Ser. 2023-NQM1, Cl. A3(b)
|
7.16
|
2/25/2068
|
|
257,700
|
257,973
|
|
LHOME Mortgage Trust, Ser. 2025-RTL3, Cl. A1(b)
|
5.24
|
8/25/2040
|
|
100,000
|
100,038
|
|
Natixis Commercial Mortgage Securities Trust, Ser. 2020-2PAC, Cl. A(b)
|
2.97
|
12/15/2038
|
|
119,649
|
114,415
|
|
New Residential Mortgage Loan Trust, Ser. 2022-NQM1, Cl. A1(b)
|
2.28
|
4/25/2061
|
|
368,344
|
333,183
|
|
New Residential Mortgage Loan Trust, Ser. 2024-NQM3, Cl. A1(b)
|
5.47
|
11/25/2064
|
|
86,632
|
87,408
|
|
New Residential Mortgage Loan Trust, Ser. 2025-NQM2, Cl. A1(b)
|
5.57
|
4/25/2065
|
|
196,424
|
197,756
|
|
NY Commercial Mortgage Trust, Ser. 2025-299P, Cl. A(b)
|
5.85
|
2/10/2047
|
|
100,000
|
103,883
|
|
NYMT Loan Trust, Ser. 2024-BPL2, Cl. A1(b)
|
6.51
|
5/25/2039
|
|
235,000
|
236,102
|
|
NYMT Loan Trust, Ser. 2025-CP1, Cl. A1(b)
|
3.75
|
11/25/2069
|
|
90,368
|
87,158
|
|
NYMT Loan Trust, Ser. 2026-INV2, Cl. A1(b)
|
5.48
|
4/25/2061
|
|
99,873
|
100,347
|
|
OBX Trust, Ser. 2024-NQM18, Cl. A1(b)
|
5.41
|
10/25/2064
|
|
61,407
|
61,682
|
|
OBX Trust, Ser. 2025-NQM18, Cl. A1A(b)
|
5.06
|
9/25/2065
|
|
139,343
|
139,321
|
|
PRPM LLC, Ser. 2025-RPL4, Cl. A1(b)
|
3.00
|
5/25/2055
|
|
89,437
|
85,097
|
|
Toorak Mortgage Trust, Ser. 2025-RRTL1, Cl. A1(b)
|
5.52
|
2/25/2040
|
|
140,071
|
140,685
|
|
Towd Point Mortgage Trust, Ser. 2023-1, Cl. A1(b)
|
3.75
|
1/25/2063
|
|
69,796
|
66,842
|
|
Verus Securitization Trust, Ser. 2024-9, Cl. A1(b)
|
5.44
|
11/25/2069
|
|
74,119
|
74,478
|
|
Total Commercial Mortgage-Backed
(cost $5,418,251)
|
|
|
5,315,569
|
||
|
Corporate Bonds and Notes — 63.1%
|
|||||
|
Advertising — .8%
|
|||||
|
Outfront Media Capital LLC/Outfront Media Capital Corp., Gtd. Notes(b)
|
5.00
|
8/15/2027
|
|
400,000
|
399,657
|
|
Outfront Media Capital LLC/Outfront Media Capital Corp., Sr. Scd. Notes(b)
|
7.38
|
2/15/2031
|
|
240,000
|
251,164
|
|
|
|
|
|
|
650,821
|
|
Aerospace & Defense — .5%
|
|||||
|
TransDigm, Inc., Sr. Scd. Notes(b)
|
6.75
|
8/15/2028
|
|
352,000
|
357,195
|
|
Agriculture — .6%
|
|||||
|
Philip Morris International, Inc., Sr. Unscd. Notes(d)
|
4.00
|
10/29/2030
|
|
446,000
|
437,457
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Corporate Bonds and Notes — 63.1% (continued)
|
|||||
|
Airlines — .9%
|
|||||
|
Avianca Midco 2 PLC, Sr. Scd. Notes(b)
|
9.63
|
2/14/2030
|
|
400,000
|
377,350
|
|
Delta Air Lines, Inc., Sr. Unscd. Notes
|
4.95
|
7/10/2028
|
|
352,000
|
354,162
|
|
|
|
|
|
|
731,512
|
|
Automobiles & Components — 3.8%
|
|||||
|
BMW US Capital LLC, Gtd. Notes(b)
|
4.50
|
8/11/2030
|
|
202,000
|
200,169
|
|
Ford Motor Credit Co. LLC, Sr. Unscd. Notes
|
5.80
|
3/5/2027
|
|
275,000
|
276,993
|
|
Ford Motor Credit Co. LLC, Sr. Unscd. Notes
|
5.80
|
3/8/2029
|
|
245,000
|
248,419
|
|
Ford Motor Credit Co. LLC, Sr. Unscd. Notes
|
5.92
|
3/20/2028
|
|
230,000
|
233,202
|
|
Forvia SE, Sr. Unscd. Notes(b),(d)
|
8.00
|
6/15/2030
|
|
320,000
|
336,734
|
|
General Motors Financial Co., Inc., Gtd. Notes
|
3.85
|
1/5/2028
|
|
400,000
|
395,287
|
|
General Motors Financial Co., Inc., Sr. Unscd. Notes
|
5.05
|
4/4/2028
|
|
436,000
|
439,966
|
|
Tenneco, Inc., Sr. Scd. Notes(b)
|
8.00
|
11/17/2028
|
|
220,000
|
222,742
|
|
The Goodyear Tire & Rubber Company, Sr. Unscd. Notes(d)
|
6.63
|
7/15/2030
|
|
430,000
|
425,920
|
|
Volkswagen Group of America Finance LLC, Gtd. Notes(b)
|
4.85
|
9/11/2030
|
|
200,000
|
198,836
|
|
|
|
|
|
|
2,978,268
|
|
Banks — 6.6%
|
|||||
|
Bank of America Corp., Sub. Notes, Ser. L
|
4.18
|
11/25/2027
|
|
450,000
|
449,128
|
|
BNP Paribas SA, Sub. Notes
|
4.63
|
3/13/2027
|
|
325,000
|
325,594
|
|
Citigroup, Inc., Sr. Unscd. Notes
|
2.98
|
11/5/2030
|
|
455,000
|
430,627
|
|
Citizens Financial Group, Inc., Sr. Unscd. Notes
|
5.84
|
1/23/2030
|
|
213,000
|
219,229
|
|
Huntington Bancshares, Inc., Sr. Unscd. Notes
|
5.27
|
1/15/2031
|
|
276,000
|
280,640
|
|
ING Groep NV, Sr. Unscd. Notes, Ser. VAR
|
4.80
|
3/23/2032
|
|
260,000
|
258,952
|
|
M&T Bank Corp., Sr. Unscd. Notes
|
5.18
|
7/8/2031
|
|
174,000
|
176,286
|
|
Morgan Stanley, Sr. Unscd. Notes
|
5.12
|
2/1/2029
|
|
462,000
|
466,841
|
|
Morgan Stanley, Sub. Notes(d)
|
3.95
|
4/23/2027
|
|
310,000
|
309,280
|
|
Santander Holdings USA, Inc., Sr. Unscd. Notes
|
6.50
|
3/9/2029
|
|
339,000
|
349,656
|
|
State Street Corp., Jr. Sub. Notes, Ser. I(d),(e)
|
6.70
|
3/15/2029
|
|
236,000
|
243,349
|
|
The Goldman Sachs Group, Inc., Jr. Sub. Notes, Ser. T(d),(e)
|
3.80
|
5/10/2026
|
|
350,000
|
349,999
|
|
The Goldman Sachs Group, Inc., Sr. Unscd. Notes
|
4.94
|
4/23/2028
|
|
420,000
|
422,028
|
|
Truist Bank, Sub. Notes
|
4.63
|
9/17/2029
|
|
450,000
|
447,200
|
|
Truist Financial Corp., Sr. Unscd. Notes
|
4.60
|
1/27/2032
|
|
46,000
|
45,558
|
|
Wells Fargo & Co., Sr. Unscd. Notes
|
4.97
|
4/23/2029
|
|
418,000
|
421,897
|
|
|
|
|
|
|
5,196,264
|
|
Building Materials — .8%
|
|||||
|
Builders FirstSource, Inc., Gtd. Notes(b)
|
5.00
|
3/1/2030
|
|
300,000
|
293,797
|
|
Smyrna Ready Mix Concrete LLC, Sr. Scd. Notes(b)
|
6.00
|
11/1/2028
|
|
300,000
|
299,966
|
|
|
|
|
|
|
593,763
|
|
Chemicals — 1.2%
|
|||||
|
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, Gtd.
Notes(b)
|
4.75
|
6/15/2027
|
|
350,000
|
348,638
|
|
Celanese US Holdings LLC, Gtd. Notes
|
7.17
|
7/15/2027
|
|
213,000
|
218,835
|
|
LYB International Finance III LLC, Gtd. Notes(d)
|
5.13
|
1/15/2031
|
|
59,000
|
59,374
|
|
The Dow Chemical Company, Sr. Unscd. Notes
|
4.80
|
1/15/2031
|
|
217,000
|
214,920
|
|
The Mosaic Company, Sr. Unscd. Notes
|
4.60
|
11/15/2030
|
|
114,000
|
113,066
|
|
|
|
|
|
|
954,833
|
|
Commercial & Professional Services — 2.2%
|
|||||
|
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., Gtd. Notes(b)
|
5.75
|
7/15/2027
|
|
260,000
|
260,712
|
|
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., Gtd. Notes(b),(d)
|
8.25
|
1/15/2030
|
|
250,000
|
256,832
|
|
Block, Inc., Sr. Unscd. Notes(b)
|
5.63
|
8/15/2030
|
|
213,000
|
213,335
|
|
Global Payments, Inc., Sr. Unscd. Notes
|
4.55
|
3/15/2028
|
|
362,000
|
360,480
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Corporate Bonds and Notes — 63.1% (continued)
|
|||||
|
Commercial & Professional Services — 2.2% (continued)
|
|||||
|
Herc Holdings, Inc., Gtd. Notes(b)
|
5.75
|
3/15/2031
|
|
15,000
|
15,045
|
|
Herc Holdings, Inc., Gtd. Notes(b)
|
6.63
|
6/15/2029
|
|
415,000
|
425,457
|
|
Williams Scotsman, Inc., Sr. Scd. Notes(b)
|
6.63
|
6/15/2029
|
|
192,000
|
197,226
|
|
|
|
|
|
|
1,729,087
|
|
Consumer Discretionary — 4.6%
|
|||||
|
Brightstar Lottery PLC, Sr. Scd. Notes(b)
|
5.25
|
1/15/2029
|
|
440,000
|
438,317
|
|
Carnival Corp., Gtd. Notes(b)
|
5.13
|
5/1/2029
|
|
441,000
|
439,908
|
|
D.R. Horton, Inc., Gtd. Notes
|
4.85
|
10/15/2030
|
|
427,000
|
430,791
|
|
Flutter Treasury DAC, Sr. Scd. Bonds(b),(d)
|
5.88
|
6/4/2031
|
|
200,000
|
199,408
|
|
KB Home, Gtd. Notes
|
6.88
|
6/15/2027
|
|
450,000
|
454,811
|
|
Las Vegas Sands Corp., Sr. Unscd. Notes
|
5.63
|
6/15/2028
|
|
210,000
|
213,097
|
|
Las Vegas Sands Corp., Sr. Unscd. Notes
|
5.90
|
6/1/2027
|
|
486,000
|
491,200
|
|
NCL Corp. Ltd., Sr. Unscd. Notes(b)
|
5.88
|
1/15/2031
|
|
219,000
|
213,279
|
|
Penn Entertainment, Inc., Gtd. Notes(b)
|
6.75
|
4/1/2031
|
|
150,000
|
148,846
|
|
Wynn Macau Ltd., Sr. Unscd. Notes(b)
|
5.63
|
8/26/2028
|
|
600,000
|
596,064
|
|
|
|
|
|
|
3,625,721
|
|
Consumer Durables & Apparel — .3%
|
|||||
|
Levi Strauss & Co., Sr. Unscd. Notes(b)
|
3.50
|
3/1/2031
|
|
275,000
|
253,299
|
|
Diversified Financials — 3.5%
|
|||||
|
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Gtd. Notes
|
4.38
|
11/15/2030
|
|
150,000
|
147,274
|
|
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Gtd. Notes
|
5.10
|
1/19/2029
|
|
450,000
|
455,821
|
|
Aircastle Ltd./Aircastle Ireland DAC, Gtd. Notes(b)
|
5.00
|
9/15/2030
|
|
158,000
|
157,954
|
|
Aircastle Ltd./Aircastle Ireland DAC, Gtd. Notes(b)
|
5.25
|
3/15/2030
|
|
430,000
|
434,466
|
|
Apollo Debt Solutions BDC, Sr. Unscd. Notes(b)
|
5.20
|
12/8/2028
|
|
44,000
|
43,548
|
|
Ares Capital Corp., Sr. Unscd. Notes(d)
|
5.25
|
4/12/2031
|
|
145,000
|
141,086
|
|
Blackstone Private Credit Fund, Sr. Unscd. Notes
|
5.35
|
3/12/2031
|
|
273,000
|
262,690
|
|
Blackstone Private Credit Fund, Sr. Unscd. Notes
|
5.95
|
5/15/2031
|
|
214,000
|
210,526
|
|
Blackstone Secured Lending Fund, Sr. Unscd. Notes
|
2.85
|
9/30/2028
|
|
360,000
|
337,759
|
|
Goldman Sachs BDC, Inc., Sr. Unscd. Notes
|
5.10
|
1/28/2029
|
|
99,000
|
97,101
|
|
Lseg US Fin Corp., Gtd. Notes(b)
|
4.50
|
3/23/2031
|
|
260,000
|
257,822
|
|
Macquarie Airfinance Holdings Ltd., Sr. Unscd. Notes(b)
|
5.20
|
3/27/2028
|
|
188,000
|
188,879
|
|
|
|
|
|
|
2,734,926
|
|
Electronic Components — .1%
|
|||||
|
Jabil, Inc., Sr. Unscd. Notes
|
4.20
|
2/1/2029
|
|
60,000
|
59,279
|
|
Energy — 10.4%
|
|||||
|
Azule Energy Finance PLC, Gtd. Notes(b)
|
8.13
|
1/23/2030
|
|
200,000
|
206,469
|
|
Cheniere Energy Partners LP, Gtd. Notes
|
4.50
|
10/1/2029
|
|
215,000
|
213,938
|
|
CITGO Petroleum Corp., Sr. Scd. Notes(b)
|
8.38
|
1/15/2029
|
|
209,000
|
215,177
|
|
Columbia Pipelines Holding Co. LLC, Sr. Unscd. Notes(b)
|
6.06
|
8/15/2026
|
|
500,000
|
501,711
|
|
CVR Energy, Inc., Gtd. Bonds(b)
|
5.75
|
2/15/2028
|
|
228,000
|
228,053
|
|
CVR Energy, Inc., Gtd. Notes(b)
|
7.50
|
2/15/2031
|
|
218,000
|
220,884
|
|
Enbridge, Inc., Gtd. Notes
|
6.00
|
11/15/2028
|
|
400,000
|
415,115
|
|
Energy Transfer LP, Sr. Unscd. Notes
|
5.55
|
2/15/2028
|
|
453,000
|
461,232
|
|
Global Partners LP/GLP Finance Corp., Gtd. Notes
|
6.88
|
1/15/2029
|
|
664,000
|
670,466
|
|
Hess Midstream Operations LP, Gtd. Notes(b)
|
5.88
|
3/1/2028
|
|
268,000
|
270,780
|
|
Hess Midstream Operations LP, Gtd. Notes(b)
|
6.50
|
6/1/2029
|
|
66,000
|
67,658
|
|
Ithaca Energy North Sea PLC, Sr. Unscd. Notes(b)
|
8.13
|
10/15/2029
|
|
400,000
|
418,222
|
|
Kinder Morgan, Inc., Gtd. Bonds
|
5.15
|
6/1/2030
|
|
77,000
|
78,747
|
|
Kinetik Holdings LP, Sr. Unscd. Notes(b)
|
6.63
|
12/15/2028
|
|
285,000
|
290,875
|
|
Medco Cypress Tree Pte Ltd., Sr. Scd. Bonds(b)
|
8.63
|
5/19/2030
|
|
250,000
|
261,749
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Corporate Bonds and Notes — 63.1% (continued)
|
|||||
|
Energy — 10.4% (continued)
|
|||||
|
MPLX LP, Sr. Unscd. Notes
|
4.80
|
2/15/2031
|
|
87,000
|
87,166
|
|
Petroleos del Peru SA, Sr. Unscd. Notes(b)
|
4.75
|
6/19/2032
|
|
200,000
|
162,132
|
|
Plains All American Pipeline LP/PAA Finance Corp., Sr. Unscd. Notes
|
4.70
|
1/15/2031
|
|
53,000
|
52,893
|
|
Repsol E&P Capital Markets US LLC, Gtd. Notes(b)
|
5.20
|
9/16/2030
|
|
200,000
|
202,560
|
|
SM Energy Co., Gtd. Notes(b)
|
6.75
|
8/1/2029
|
|
341,000
|
349,979
|
|
SM Energy Co., Gtd. Notes(b)
|
8.75
|
7/1/2031
|
|
165,000
|
173,157
|
|
South Bow USA Infrastructure Holdings LLC, Gtd. Notes
|
4.91
|
9/1/2027
|
|
176,000
|
176,703
|
|
Sunoco LP, Gtd. Notes(b)
|
5.38
|
7/15/2031
|
|
242,000
|
241,004
|
|
Sunoco LP, Gtd. Notes(b)
|
5.63
|
3/15/2031
|
|
79,000
|
79,324
|
|
Sunoco LP, Sr. Unscd. Notes(b)
|
5.88
|
7/15/2027
|
|
250,000
|
250,135
|
|
The Williams Companies, Inc., Sr. Unscd. Notes
|
3.75
|
6/15/2027
|
|
275,000
|
273,254
|
|
Valero Energy Corp., Sr. Unscd. Notes(d)
|
5.15
|
2/15/2030
|
|
178,000
|
181,667
|
|
Venture Global Calcasieu Pass LLC, Sr. Scd. Notes(b)
|
6.25
|
1/15/2030
|
|
245,000
|
252,290
|
|
Venture Global Plaquemines LNG LLC, Sr. Scd. Bonds(b)
|
6.13
|
12/15/2030
|
|
668,000
|
689,204
|
|
Viper Energy Partners LLC, Gtd. Bonds
|
4.90
|
8/1/2030
|
|
428,000
|
427,969
|
|
|
|
|
|
|
8,120,513
|
|
Food Products — 1.7%
|
|||||
|
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, Gtd.
Notes(b)
|
5.50
|
3/31/2031
|
|
423,000
|
421,179
|
|
Post Holdings, Inc., Gtd. Notes(b)
|
4.50
|
9/15/2031
|
|
200,000
|
188,151
|
|
Sysco Corp., Gtd. Notes
|
4.40
|
7/25/2031
|
|
273,000
|
267,114
|
|
US Foods, Inc., Gtd. Notes(b)
|
6.88
|
9/15/2028
|
|
419,000
|
428,373
|
|
|
|
|
|
|
1,304,817
|
|
Health Care — .9%
|
|||||
|
Avantor Funding, Inc., Gtd. Notes(b)
|
4.63
|
7/15/2028
|
|
310,000
|
305,727
|
|
Baxter International, Inc., Sr. Unscd. Notes
|
4.90
|
12/15/2030
|
|
105,000
|
103,937
|
|
GE HealthCare Technologies, Inc., Sr. Unscd. Notes
|
4.80
|
8/14/2029
|
|
113,000
|
113,904
|
|
HCA, Inc., Gtd. Notes
|
4.30
|
11/15/2030
|
|
200,000
|
196,568
|
|
|
|
|
|
|
720,136
|
|
Industrial — 1.3%
|
|||||
|
AGCO Corp., Gtd. Notes
|
5.45
|
3/21/2027
|
|
272,000
|
274,049
|
|
Chart Industries, Inc., Sr. Scd. Notes(b)
|
7.50
|
1/1/2030
|
|
300,000
|
311,814
|
|
HTA Group Ltd., Gtd. Bonds(b)
|
6.75
|
4/1/2031
|
|
200,000
|
203,713
|
|
TK Elevator US Newco, Inc., Sr. Scd. Notes(b),(d)
|
5.25
|
7/15/2027
|
|
200,000
|
200,171
|
|
|
|
|
|
|
989,747
|
|
Information Technology — 1.2%
|
|||||
|
CoreWeave, Inc., Gtd. Notes(b)
|
9.75
|
10/1/2031
|
|
62,000
|
62,407
|
|
Fidelity National Information Services, Inc., Sr. Unscd. Notes(d)
|
4.80
|
3/10/2031
|
|
108,000
|
107,446
|
|
Oracle Corp., Sr. Unscd. Notes
|
4.45
|
9/26/2030
|
|
443,000
|
427,381
|
|
Paychex, Inc., Sr. Unscd. Notes
|
5.10
|
4/15/2030
|
|
112,000
|
113,241
|
|
Salesforce, Inc., Sr. Unscd. Notes
|
4.65
|
3/15/2029
|
|
264,000
|
264,560
|
|
|
|
|
|
|
975,035
|
|
Insurance — 1.3%
|
|||||
|
Allianz SE, Jr. Sub. Bonds(b),(d),(e)
|
3.20
|
10/30/2027
|
|
400,000
|
384,212
|
|
American International Group, Inc., Sr. Unscd. Notes
|
4.85
|
5/7/2030
|
|
35,000
|
35,367
|
|
Brown & Brown, Inc., Sr. Unscd. Notes
|
4.90
|
6/23/2030
|
|
92,000
|
91,912
|
|
Corebridge Global Funding, Scd. Notes(b)
|
4.90
|
12/3/2029
|
|
485,000
|
487,038
|
|
|
|
|
|
|
998,529
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Corporate Bonds and Notes — 63.1% (continued)
|
|||||
|
Internet Software & Services — .6%
|
|||||
|
eBay, Inc., Sr. Unscd. Notes
|
4.25
|
3/6/2029
|
|
182,000
|
181,270
|
|
Meta Platforms, Inc., Sr. Unscd. Notes
|
4.20
|
11/15/2030
|
|
315,000
|
311,399
|
|
|
|
|
|
|
492,669
|
|
Materials — .7%
|
|||||
|
Amcor Flexibles North America, Inc., Gtd. Notes
|
5.10
|
3/17/2030
|
|
299,000
|
302,662
|
|
Canpack SA/Canpack US LLC, Gtd. Notes(b)
|
3.88
|
11/15/2029
|
|
250,000
|
236,695
|
|
|
|
|
|
|
539,357
|
|
Media — 1.0%
|
|||||
|
Discovery Communications LLC, Gtd. Notes
|
3.95
|
3/20/2028
|
|
271,000
|
266,763
|
|
Sirius XM Radio LLC, Gtd. Notes(b)
|
5.00
|
8/1/2027
|
|
416,000
|
414,998
|
|
Sirius XM Radio LLC, Gtd. Notes(b),(d)
|
5.88
|
4/15/2032
|
|
107,000
|
105,276
|
|
|
|
|
|
|
787,037
|
|
Metals & Mining — 1.2%
|
|||||
|
Alumina Pty Ltd., Gtd. Notes(b)
|
6.13
|
3/15/2030
|
|
215,000
|
219,916
|
|
Constellium SE, Gtd. Notes(b)
|
3.75
|
4/15/2029
|
|
285,000
|
275,042
|
|
Glencore Funding LLC, Gtd. Notes(b)
|
5.19
|
4/1/2030
|
|
187,000
|
189,962
|
|
WE Soda Investments Holding PLC, Sr. Scd. Bonds(b)
|
9.50
|
10/6/2028
|
|
250,000
|
253,230
|
|
|
|
|
|
|
938,150
|
|
Real Estate — 7.9%
|
|||||
|
American Homes 4 Rent LP, Sr. Unscd. Notes
|
4.90
|
2/15/2029
|
|
84,000
|
84,580
|
|
American Homes 4 Rent LP, Sr. Unscd. Notes
|
4.95
|
6/15/2030
|
|
340,000
|
342,165
|
|
Cousins Properties LP, Gtd. Notes
|
5.25
|
7/15/2030
|
|
165,000
|
167,604
|
|
CubeSmart LP, Gtd. Notes
|
2.25
|
12/15/2028
|
|
230,000
|
217,502
|
|
Diversified Healthcare Trust, Sr. Scd. Notes(b)
|
7.25
|
10/15/2030
|
|
225,000
|
229,860
|
|
EPR Properties, Gtd. Notes
|
4.75
|
12/15/2026
|
|
430,000
|
430,024
|
|
Extra Space Storage LP, Gtd. Notes
|
5.70
|
4/1/2028
|
|
380,000
|
387,867
|
|
Healthcare Realty Holdings LP, Gtd. Notes(d)
|
2.00
|
3/15/2031
|
|
300,000
|
262,214
|
|
Iron Mountain, Inc., Gtd. Notes(b)
|
4.88
|
9/15/2029
|
|
225,000
|
222,016
|
|
Iron Mountain, Inc., Gtd. Notes(b)
|
5.25
|
7/15/2030
|
|
345,000
|
341,616
|
|
Kite Realty Group LP, Sr. Unscd. Notes
|
4.00
|
10/1/2026
|
|
427,000
|
426,097
|
|
OMEGA Healthcare Investors, Inc., Gtd. Notes
|
4.50
|
4/1/2027
|
|
340,000
|
339,941
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-
Issuer, Gtd. Notes(b)
|
7.00
|
2/1/2030
|
|
222,000
|
226,791
|
|
Rexford Industrial Realty LP, Gtd. Notes
|
2.15
|
9/1/2031
|
|
500,000
|
434,085
|
|
Sabra Health Care LP, Gtd. Notes
|
3.20
|
12/1/2031
|
|
95,000
|
85,907
|
|
SBA Tower Trust, Asset Backed Notes(b)
|
1.84
|
4/15/2027
|
|
500,000
|
488,664
|
|
Store Capital LLC, Sr. Unscd. Notes
|
4.63
|
3/15/2029
|
|
220,000
|
217,865
|
|
Store Capital LLC, Sr. Unscd. Notes
|
5.40
|
4/30/2030
|
|
210,000
|
212,426
|
|
Ventas Realty LP, Gtd. Notes
|
4.40
|
1/15/2029
|
|
430,000
|
427,713
|
|
VICI Properties LP, Sr. Unscd. Notes
|
4.75
|
4/1/2028
|
|
78,000
|
78,157
|
|
Vornado Realty LP, Sr. Unscd. Notes
|
2.15
|
6/1/2026
|
|
180,000
|
178,788
|
|
WPC Eurobond BV, Gtd. Notes
|
1.35
|
4/15/2028
|
EUR
|
300,000
|
339,293
|
|
|
|
|
|
|
6,141,175
|
|
Retailing — 1.6%
|
|||||
|
1011778 BC ULC/New Red Finance, Inc., Scd. Notes(b)
|
4.00
|
10/15/2030
|
|
445,000
|
423,595
|
|
Asbury Automotive Group, Inc., Gtd. Notes(b)
|
4.63
|
11/15/2029
|
|
535,000
|
520,958
|
|
Lithia Motors, Inc., Gtd. Notes(b)
|
5.50
|
10/1/2030
|
|
282,000
|
280,652
|
|
|
|
|
|
|
1,225,205
|
|
Description
|
Coupon
Rate (%)
|
Maturity
Date
|
|
Principal
Amount ($)(a)
|
Value ($)
|
|
Corporate Bonds and Notes — 63.1% (continued)
|
|||||
|
Technology Hardware & Equipment — .4%
|
|||||
|
Hewlett Packard Enterprise Co., Sr. Unscd. Notes
|
4.60
|
3/23/2029
|
|
87,000
|
87,061
|
|
Kyndryl Holdings, Inc., Sr. Unscd. Notes
|
2.05
|
10/15/2026
|
|
220,000
|
217,144
|
|
|
|
|
|
|
304,205
|
|
Telecommunication Services — .9%
|
|||||
|
Millicom International Cellular SA, Sr. Unscd. Notes(b)
|
5.13
|
1/15/2028
|
|
495,000
|
493,790
|
|
STC Sukuk Co. II Ltd., Sr. Unscd. Notes(b)
|
4.49
|
1/15/2031
|
|
215,000
|
212,741
|
|
|
|
|
|
|
706,531
|
|
Transportation — .6%
|
|||||
|
Fedex Freight Holding Co., Inc., Gtd. Notes(b)
|
4.65
|
3/15/2031
|
|
102,000
|
100,590
|
|
Ryder System, Inc., Sr. Unscd. Notes
|
4.85
|
6/15/2030
|
|
338,000
|
341,611
|
|
|
|
|
|
|
442,201
|
|
Utilities — 5.5%
|
|||||
|
Duke Energy Florida LLC, First Mortgage Bonds
|
4.20
|
12/1/2030
|
|
70,000
|
69,204
|
|
Electricite de France SA, Sr. Unscd. Notes(b)
|
5.70
|
5/23/2028
|
|
457,000
|
467,325
|
|
Enel Finance International NV, Gtd. Notes(b)
|
4.38
|
9/30/2030
|
|
356,000
|
350,277
|
|
Enel Finance International NV, Gtd. Notes(b)
|
5.13
|
6/26/2029
|
|
200,000
|
202,971
|
|
FirstEnergy Corp., Sr. Unscd. Notes, Ser. B
|
3.90
|
7/15/2027
|
|
400,000
|
397,341
|
|
Grupo Energia Bogota SA ESP, Sr. Unscd. Notes(b)
|
4.88
|
5/15/2030
|
|
250,000
|
245,166
|
|
NiSource, Inc., Sr. Unscd. Notes
|
5.25
|
3/30/2028
|
|
230,000
|
233,536
|
|
NRG Energy, Inc., Sr. Scd. Notes(b)
|
4.96
|
4/30/2031
|
|
335,000
|
332,773
|
|
PG&E Corp., Jr. Sub. Notes
|
6.85
|
9/15/2056
|
|
96,000
|
96,026
|
|
PG&E Corp., Sr. Scd. Notes
|
5.25
|
7/1/2030
|
|
170,000
|
168,362
|
|
Pinnacle West Capital Corp., Sr. Unscd. Notes
|
4.90
|
5/15/2028
|
|
76,000
|
76,706
|
|
Southern California Edison Co., First Mortgage Bonds
|
5.25
|
3/15/2030
|
|
167,000
|
169,738
|
|
Spire, Inc., Sr. Unscd. Notes
|
4.60
|
9/1/2031
|
|
242,000
|
239,942
|
|
The AES Corp., Sr. Unscd. Notes(d)
|
5.45
|
6/1/2028
|
|
500,000
|
505,073
|
|
Vistra Operations Co. LLC, Gtd. Notes(b)
|
5.00
|
7/31/2027
|
|
500,000
|
500,098
|
|
Vistra Operations Co. LLC, Sr. Scd. Notes(b)
|
4.60
|
10/15/2030
|
|
115,000
|
112,942
|
|
Vistra Operations Co. LLC, Sr. Scd. Notes(b)
|
4.70
|
1/31/2031
|
|
138,000
|
135,930
|
|
|
|
|
|
|
4,303,410
|
|
Total Corporate Bonds and Notes
(cost $49,080,966)
|
|
|
49,291,142
|
||
|
Foreign Governmental — .3%
|
|||||
|
Brazil Notas do Tesouro Nacional, Notes, Ser. F
|
10.00
|
1/1/2029
|
BRL
|
1,000
|
187
|
|
Colombia, Sr. Unscd. Bonds
|
7.38
|
4/25/2030
|
|
206,000
|
216,197
|
|
Total Foreign Governmental
(cost $205,314)
|
|
|
216,384
|
||
|
U.S. Government Agencies Collateralized Mortgage Obligations — .8%
|
|||||
|
Federal Home Loan Mortgage Corp., REMIC, Ser. 4091, Cl. KC(f)
|
3.00
|
8/15/2040
|
|
850
|
848
|
|
Federal Home Loan Mortgage Corp., REMIC, Ser. 5050, Cl. XA(f)
|
1.00
|
7/15/2039
|
|
197,627
|
184,226
|
|
Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust, Ser.
2020-3, Cl. TTU(f)
|
2.50
|
5/25/2060
|
|
57,969
|
53,503
|
|
Federal Home Loan Mortgage Corp. Seasoned Loans Structured Transaction
Trust, Ser. 2018-2, Cl. A1(f)
|
3.50
|
11/25/2028
|
|
40,903
|
40,117
|
|
Federal National Mortgage Association, REMIC, Ser. 2013-16, Cl. GP(f)
|
3.00
|
3/25/2033
|
|
10,884
|
10,776
|
|
Government National Mortgage Association, Ser. 2022-173, Cl. PQ
|
5.00
|
6/20/2051
|
|
364,914
|
366,449
|
|
Total U.S. Government Agencies Collateralized Mortgage Obligations
(cost $668,399)
|
|
|
655,919
|
||
|
Description
|
|
|
|
Principal
Amount ($)
|
Value ($)
|
|
U.S. Government Agencies Mortgage-Backed — .0%
|
|||||
|
Federal Home Loan Mortgage Corp.:
|
|||||
|
2.50%, 7/1/2029(f)
|
|
|
|
25,599
|
25,173
|
|
Government National Mortgage Association II:
|
|||||
|
7.00%, 12/20/2030-4/20/2031
|
|
|
|
824
|
859
|
|
7.50%, 11/20/2029-12/20/2030
|
|
|
|
712
|
733
|
|
Total U.S. Government Agencies Mortgage-Backed
(cost $27,395)
|
|
|
26,765
|
||
|
|
Coupon
Rate (%)
|
Maturity
Date
|
|
|
|
|
U.S. Treasury Securities — 2.9%
|
|||||
|
U.S. Treasury Notes
|
3.38
|
11/30/2027
|
|
325,000
|
322,531
|
|
U.S. Treasury Notes
|
4.13
|
9/30/2027
|
|
125,000
|
125,447
|
|
U.S. Treasury Notes(d)
|
4.13
|
10/31/2027
|
|
219,000
|
219,800
|
|
U.S. Treasury Notes
|
4.25
|
1/15/2028
|
|
1,600,000
|
1,609,562
|
|
Total U.S. Treasury Securities
(cost $2,293,970)
|
|
|
2,277,340
|
||
|
|
1-Day
Yield (%)
|
|
|
Shares
|
|
|
Investment Companies — .6%
|
|||||
|
Registered Investment Companies — .6%
|
|||||
|
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(g)
(cost $430,825)
|
3.70
|
|
|
430,825
|
430,825
|
|
Investment of Cash Collateral for Securities Loaned — 1.7%
|
|||||
|
Registered Investment Companies — 1.7%
|
|||||
|
Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional
Shares(g)
(cost $1,355,600)
|
3.70
|
|
|
1,355,600
|
1,355,600
|
|
Total Investments (cost $79,255,598)
|
|
101.6%
|
79,345,552
|
||
|
Liabilities, Less Cash and Receivables
|
|
(1.6%)
|
(1,259,005)
|
||
|
Net Assets
|
100.0%
|
78,086,547
|
|||
|
BRL—Brazilian Real
|
|
CAD—Canadian Dollar
|
|
CLO—Collateralized Loan Obligation
|
|
EUR—Euro
|
|
REMIC—Real Estate Mortgage Investment Conduit
|
|
SOFRCOMPOUND—Compounded Secured Overnight Financing Rate
|
|
TSFR—Term Secured Overnight Financing Rate Reference Rates
|
|
(a)
|
Amount stated in U.S. Dollars unless otherwise noted above.
|
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At April 30, 2026, these
securities amounted to $45,333,805 or 58.1% of net assets.
|
|
(c)
|
Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the
reference rate and spread if published and available.
|
|
(d)
|
Security, or portion thereof, on loan. At April 30, 2026, the value of the fund’s securities on loan was $3,387,482 and the value of the collateral was
$3,493,588, consisting of cash collateral of $1,355,600 and U.S. Government & Agency
securities valued at $2,137,988. In addition, the value of collateral
may include pending sales that are also on loan.
|
|
(e)
|
Security is a perpetual security with no specified maturity date. Maturity date shown
is next reset date of the security.
|
|
(f)
|
The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into
conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing
affairs of these companies.
|
|
(g)
|
Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s
prospectus.
|
|
Futures
|
|||||
|
Description
|
Number of
Contracts
|
Expiration
|
Notional
Value ($)
|
Market
Value ($)
|
Unrealized
Appreciation
(Depreciation) ($)
|
|
Futures Long
|
|
|
|
|
|
|
2 Year U.S. Treasury Note
|
51
|
6/30/2026
|
10,655,895
|
10,563,375
|
(92,520)
|
|
5 Year U.S. Treasury Note
|
55
|
6/30/2026
|
6,023,878
|
5,930,976
|
(92,902)
|
|
Futures Short
|
|
|
|
|
|
|
10 Year U.S. Treasury Note
|
4
|
6/18/2026
|
450,134
|
442,375
|
7,759
|
|
Canadian 5 Year Bond
|
2
|
6/19/2026
|
169,087(a)
|
166,187
|
2,900
|
|
Euro-Schatz
|
3
|
6/8/2026
|
376,368(a)
|
372,340
|
4,028
|
|
Ultra 10 Year U.S. Treasury Note
|
3
|
6/18/2026
|
346,541
|
338,578
|
7,963
|
|
Gross Unrealized Appreciation
|
|
|
22,650
|
||
|
Gross Unrealized Depreciation
|
|
|
(185,422)
|
||
|
(a)
|
Notional amounts in foreign currency have been converted to USD using relevant foreign
exchange rates.
|
|
Forward Foreign Currency Exchange Contracts
|
|||||
|
Counterparty/
Purchased
Currency
|
Purchased
Currency
Amounts
|
Currency
Sold
|
Sold
Currency
Amounts
|
Settlement
Date
|
Unrealized
(Depreciation) ($)
|
|
Goldman Sachs & Co. LLC
|
|||||
|
United States Dollar
|
363,354
|
Canadian Dollar
|
504,000
|
5/12/2026
|
(7,870)
|
|
J.P. Morgan Securities LLC
|
|||||
|
United States Dollar
|
427,195
|
Euro
|
370,000
|
5/12/2026
|
(7,300)
|
|
Gross Unrealized Depreciation
|
(15,170)
|
||||
|
|
Level 1 -
Unadjusted
Quoted Prices
|
Level 2- Other
Significant
Observable Inputs
|
Level 3-
Significant
Unobservable
Inputs
|
Total
|
|
Assets ($)
|
|
|
|
|
|
Investments in Securities:†
|
|
|
|
|
|
Asset-Backed Securities
|
—
|
16,220,063
|
—
|
16,220,063
|
|
Collateralized Loan Obligations
|
—
|
3,555,945
|
—
|
3,555,945
|
|
Commercial Mortgage-Backed
|
—
|
5,315,569
|
—
|
5,315,569
|
|
Corporate Bonds and Notes
|
—
|
49,291,142
|
—
|
49,291,142
|
|
Foreign Governmental
|
—
|
216,384
|
—
|
216,384
|
|
U.S. Government Agencies Collateralized Mortgage Obligations
|
—
|
655,919
|
—
|
655,919
|
|
U.S. Government Agencies Mortgage-Backed
|
—
|
26,765
|
—
|
26,765
|
|
U.S. Treasury Securities
|
—
|
2,277,340
|
—
|
2,277,340
|
|
Investment Companies
|
1,786,425
|
—
|
—
|
1,786,425
|
|
|
1,786,425
|
77,559,127
|
—
|
79,345,552
|
|
Other Financial Instruments:
|
|
|
|
|
|
Futures††
|
22,650
|
—
|
—
|
22,650
|
|
|
22,650
|
—
|
—
|
22,650
|
|
Liabilities ($)
|
|
|
|
|
|
Other Financial Instruments:
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts††
|
—
|
(15,170)
|
—
|
(15,170)
|
|
Futures††
|
(185,422)
|
—
|
—
|
(185,422)
|
|
|
(185,422)
|
(15,170)
|
—
|
(200,592)
|
|
†
|
See Schedule of Investments for additional detailed categorizations, if any.
|
|
††
|
Amount shown represents unrealized appreciation (depreciation) at period end.
|