|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – 40.7%
|
||||
|
Aerospace & Defense – 0.3%
|
||||
|
Boeing Co., 5.15%, 5/01/2030
|
|
$
|
561,000
|
$569,914
|
|
Boeing Co., 5.805%, 5/01/2050
|
|
|
2,114,000
|
2,092,832
|
|
Honeywell Aerospace, Inc., 4.6%, 3/16/2033 (n)
|
|
|
668,000
|
658,161
|
|
Honeywell Aerospace, Inc., 4.95%, 3/16/2036 (n)
|
|
|
668,000
|
660,757
|
|
Honeywell Aerospace, Inc., 5.732%, 3/16/2056 (n)
|
|
|
307,000
|
307,119
|
|
Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035
|
|
|
324,000
|
336,366
|
|
|
|
|
|
$4,625,149
|
|
Asset-Backed & Securitized – 1.3%
|
||||
|
3650R Commercial Mortgage Trust, 2021-PF1, “XA”, 0.988%, 11/15/2054 (i)
|
|
$
|
6,330,194
|
$201,883
|
|
Affirm, Inc., 2026-X1, “A”, 4.27%, 4/15/2031 (n)
|
|
|
296,000
|
296,071
|
|
AmeriCredit Automobile Receivables Trust, 2026-1, “A”, 4.16%, 7/12/2029 (n)
|
|
|
686,828
|
686,794
|
|
Angel Oak Mortgage Trust, 2024-13, “A1”, 5.464%, 12/26/2069 (n)
|
|
|
678,654
|
680,349
|
|
ARDN Mortgage Trust, 2025-ARCP, “A”, FLR, 5.377% (SOFR - 1mo. + 1.75%), 6/15/2035 (n)
|
|
|
1,097,000
|
1,099,055
|
|
AREIT 2022-CRE6 Trust, “AS”, FLR, 5.288% (SOFR - 30 day + 1.65%), 1/20/2037 (n)
|
|
|
946,500
|
944,735
|
|
AREIT 2023-CRE8 Trust, “A”, FLR, 5.737% (SOFR - 1mo. + 2.1118%), 8/17/2041 (n)
|
|
|
51,929
|
51,929
|
|
ARI Fleet Lease Trust, 2023-B, “A2”, 6.05%, 7/15/2032 (n)
|
|
|
45,193
|
45,383
|
|
Babson CLO Ltd., 2021-3A, “B1R”, FLR, 5.305% (SOFR - 3mo. + 1.63%), 1/18/2035 (n)
|
|
|
900,000
|
900,226
|
|
BBCMS Mortgage Trust, 2021-C9, “XA”, 1.54%, 2/15/2054 (i)
|
|
|
3,324,681
|
188,381
|
|
BBCMS Mortgage Trust, 2022-C18, “XA”, 0.48%, 12/15/2055 (i)
|
|
|
4,148,273
|
130,175
|
|
BDS 2024-FL13 Ltd., “A”, FLR, 5.189% (SOFR - 1mo. + 1.5762%), 9/19/2039 (n)
|
|
|
346,344
|
346,521
|
|
Benchmark 2021-B24 Mortgage Trust, “XA”, 1.078%, 3/15/2054 (i)
|
|
|
6,233,750
|
224,150
|
|
Benchmark 2021-B26 Mortgage Trust, “XA”, 0.843%, 6/15/2054 (i)
|
|
|
6,106,384
|
180,954
|
|
Benchmark 2021-B27 Mortgage Trust, “XA”, 1.231%, 7/15/2054 (i)
|
|
|
7,334,127
|
312,805
|
|
Benchmark 2022-B36 Mortgage Trust, “XA”, 0.637%, 7/15/2055 (i)
|
|
|
6,929,379
|
252,445
|
|
Business Jet Securities LLC, 2024-1A, “A”, 6.197%, 5/15/2039 (n)
|
|
|
133,311
|
134,770
|
|
BX Trust, 2026-CLS, “A”, 5.027%, 5/15/2043 (n)
|
|
|
399,000
|
399,872
|
|
Chesapeake Funding II LLC, 2023-2A, “A2”, FLR, 4.743% (SOFR - 30 day + 1.1%), 10/15/2035 (n)
|
|
|
262,331
|
262,475
|
|
Citigroup Commercial Mortgage Trust, 2019-XA, “C7”, 0.814%, 12/15/2072 (i)(n)
|
|
|
8,340,982
|
212,245
|
|
Colt Funding LLC, 2024-6, “A1”, 5.39%, 11/25/2069 (n)
|
|
|
515,197
|
516,363
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN32, “XA”, 0.704%, 4/15/2054 (i)
|
|
|
4,535,601
|
117,021
|
|
Commercial Mortgage Pass-Through Certificates, 2022-BN43, “XA”, 0.893%, 8/15/2055 (i)
|
|
|
7,860,606
|
353,153
|
|
Commercial Mortgage Pass-Through Certificates, 2024-CBM, “A2”, 5.867%, 12/10/2041 (n)
|
|
|
201,342
|
201,438
|
|
ELM Trust, 2024-ELM, “A10”, 5.994%, 6/10/2039 (n)
|
|
|
1,030,787
|
1,029,858
|
|
EQT Trust, 2024-EXTR, “B”, 5.654%, 7/05/2041 (n)
|
|
|
234,585
|
236,891
|
|
Exeter Automobile Receivables Trust, 2026-2A, “A2”, 4.31%, 11/15/2028
|
|
|
582,000
|
582,423
|
|
GLS Auto Select Receivables Trust, 2026-2A, “A2”, 4.04%, 11/15/2028 (n)
|
|
|
316,000
|
315,863
|
|
Home Owner Mortgage Enhanced, 5.077%, 8/25/2060 (n)
|
|
|
412,538
|
410,657
|
|
JP Morgan Mortgage Trust, 2026-NQM1, “A1”, 4.745%, 6/25/2066 (n)
|
|
|
156,227
|
154,708
|
|
KREF 2018-FT1 Ltd., “AS”, FLR, 5.042% ((SOFR - 1mo. + 0.11448%) + 1.3%), 2/15/2039 (n)
|
|
|
316,873
|
316,777
|
|
MF1 2021-FL7 Ltd., “A”, FLR, 4.82% ((SOFR - 1mo. + 0.11448%) + 1.08%), 10/16/2036 (n)
|
|
|
239,566
|
239,546
|
|
MF1 2022-FL8 Ltd., “A”, FLR, 4.963% (SOFR - 1mo. + 1.35%), 2/19/2037 (n)
|
|
|
474,381
|
474,378
|
|
MF1 2024-FL5 LLC, “A”, FLR, 5.313% (SOFR - 1mo. + 1.688%), 8/18/2041 (n)
|
|
|
1,151,000
|
1,152,703
|
|
Morgan Stanley Capital I Trust, 2018-H4, “XA”, 0.798%, 12/15/2051 (i)
|
|
|
8,479,031
|
142,237
|
|
Morgan Stanley Capital I Trust, 2021-L5, “XA”, 1.178%, 5/15/2054 (i)
|
|
|
2,343,186
|
103,428
|
|
Morgan Stanley Residential Mortgage Loan Trust, 2024-NQM3, “A1”, 5.044%, 7/25/2069 (n)
|
|
|
245,710
|
245,486
|
|
Morgan Stanley Residential Mortgage Loan Trust, 2025-NQM3, “A1”, 5.53%, 5/25/2070 (n)
|
|
|
306,432
|
307,359
|
|
Morgan Stanley Residential Mortgage Loan Trust, 2026-INV1, “A9”, FLR, 4.762% (SOFR - 1mo. +
1.15%), 2/25/2061 (n)
|
|
|
250,219
|
247,271
|
|
MTN Commercial Mortgage Trust, 2026-LPFX, 5.153%, 5/15/2043 (n)
|
|
|
100,000
|
100,037
|
|
New Residential Mortgage Loan Trust, 2026-NQM2, “A1”, 4.743%, 12/25/2065 (n)
|
|
|
473,749
|
468,718
|
|
New Residential Mortgage Loan Trust, 2026-NQM3, “A1”, 4.833%, 2/25/2066 (n)
|
|
|
949,711
|
940,927
|
|
OBX Trust, 2024-NQM1, “A1”, 5.928%, 11/25/2063 (n)
|
|
|
207,338
|
207,868
|
|
OBX Trust, 2024-NQM1, “A2”, 6.253%, 11/25/2063 (n)
|
|
|
55,965
|
56,118
|
|
OBX Trust, 2024-NQM15, “A1”, 5.316%, 10/25/2064 (n)
|
|
|
137,036
|
137,348
|
|
OBX Trust, 2024-NQM16, “A1”, 5.53%, 10/25/2064 (n)
|
|
|
255,087
|
256,504
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Asset-Backed & Securitized – continued
|
||||
|
OBX Trust, 2024-NQM3, “A1”, 6.129%, 12/25/2063 (n)
|
|
$
|
263,199
|
$264,414
|
|
OBX Trust, 2025-NQM8, “A1”, 5.472%, 3/25/2065 (n)
|
|
|
243,907
|
244,812
|
|
Palmer Square Loan Funding 2024-3A Ltd., “A2R”, FLR, 4.8% (SOFR - 3mo. + 1.15%), 8/08/2032 (n)
|
|
|
250,000
|
249,919
|
|
Palmer Square Loan Funding 2025-2A Ltd., “A2”, FLR, 5.073% (SOFR - 3mo. + 1.4%), 7/15/2033 (n)
|
|
|
1,225,000
|
1,224,759
|
|
PFS Financing Corp., 2023-C, “B”, 5.91%, 10/15/2028 (n)
|
|
|
208,000
|
209,194
|
|
PFS Financing Corp., 2025-A, “A”, FLR, 4.293% (SOFR - 1mo. + 0.65%), 1/15/2029 (n)
|
|
|
692,000
|
692,654
|
|
PMT Loan Trust, 2026-CNF1, “A26”, FLR, 4.812% (SOFR - 1mo. + 1.2%), 1/25/2057 (n)
|
|
|
175,291
|
174,923
|
|
PMT Loan Trust, 2026-INV2, “A35”, FLR, 4.762% (SOFR - 1mo. + 1.15%), 1/25/2057 (n)
|
|
|
952,880
|
954,808
|
|
Provident Funding Mortgage Trust, 2024-1, “A3”, 5.5%, 12/25/2054 (n)
|
|
|
310,760
|
310,582
|
|
Provident Funding Mortgage Trust, 2025-3, “A4”, 5.5%, 8/25/2055 (n)
|
|
|
716,000
|
715,593
|
|
RCKT Trust, 2025-1A, “A”, 4.9%, 7/25/2034 (n)
|
|
|
71,846
|
71,976
|
|
Santander Drive Auto Receivables Trust, 2026-1, “A2”, 4.04%, 3/15/2029
|
|
|
321,000
|
320,816
|
|
Shackleton 2019-14A CLO Ltd., “BRR”, FLR, 5.225% (SOFR - 3mo. + 1.55%), 7/20/2034 (n)
|
|
|
948,207
|
948,301
|
|
Verus Securitization Trust, 2024-1, “A2”, 5.915%, 1/25/2069 (n)
|
|
|
114,942
|
115,090
|
|
Virginia Power Fuel Securitization LLC, 5.088%, 5/01/2029
|
|
|
135,902
|
136,795
|
|
Wells Fargo Commercial Mortgage Trust, 2018-C48, “XA”, 0.927%, 1/15/2052 (i)(n)
|
|
|
4,795,330
|
87,769
|
|
|
|
|
|
$23,588,703
|
|
Auto & Auto Components – 0.1%
|
||||
|
Cummins, Inc., 5.45%, 2/20/2054
|
|
$
|
638,000
|
$626,702
|
|
Hyundai Capital America, 6.375%, 4/08/2030 (n)
|
|
|
736,000
|
772,580
|
|
Stellantis Financial Services US Corp., 5.4%, 6/15/2029 (n)(w)
|
|
|
643,000
|
644,625
|
|
Volkswagen Group of America Finance LLC, 4.45%, 9/11/2027 (n)
|
|
|
404,000
|
403,503
|
|
|
|
|
|
$2,447,410
|
|
Brokerage & Asset Managers – 0.6%
|
||||
|
Carlyle Group, Inc., 5.05%, 9/19/2035
|
|
$
|
970,000
|
$936,450
|
|
Charles Schwab Corp., 6.136% to 8/24/2033, FLR (SOFR - 1 day + 2.01%) to 8/24/2034
|
|
|
500,000
|
532,487
|
|
Charles Schwab Corp., 4.914% to 11/14/2035, FLR (SOFR - 1 day + 1.23%) to 11/14/2036
|
|
|
977,000
|
950,605
|
|
Charles Schwab Corp., 5.493% to 5/21/2036, FLR (SOFR - 1 day + 1.28%) to 5/21/2037
|
|
|
924,000
|
937,080
|
|
Citadel Securities Global Holdings LLC, 5.5%, 6/18/2030 (n)
|
|
|
893,000
|
908,193
|
|
Citadel Securities Global Holdings LLC, 5.75%, 3/27/2036 (n)
|
|
|
800,000
|
790,524
|
|
Jefferies Financial Group, Inc., 5.125%, 4/28/2031
|
|
|
469,000
|
463,598
|
|
Jefferies Financial Group, Inc., 5.5%, 2/15/2036
|
|
|
910,000
|
886,075
|
|
LPL Holdings, Inc., 4.625%, 11/15/2027 (n)
|
|
|
440,000
|
438,436
|
|
LPL Holdings, Inc., 4.375%, 5/15/2031 (n)
|
|
|
1,273,000
|
1,219,353
|
|
LPL Holdings, Inc., 5.65%, 3/15/2035
|
|
|
902,000
|
897,456
|
|
LSEGA Finance PLC, 2%, 4/06/2028 (n)
|
|
|
1,473,000
|
1,408,158
|
|
|
|
|
|
$10,368,415
|
|
Building – 0.2%
|
||||
|
Ferguson Enterprises, Inc., 5%, 10/03/2034
|
|
$
|
1,387,000
|
$1,378,889
|
|
JH North America Holdings, Inc., 5.875%, 1/31/2031 (n)
|
|
|
565,000
|
564,784
|
|
JH North America Holdings, Inc., 6.125%, 7/31/2032 (n)
|
|
|
516,000
|
517,216
|
|
Vulcan Materials Co., 3.5%, 6/01/2030
|
|
|
532,000
|
509,479
|
|
Vulcan Materials Co., 4.5%, 6/15/2047
|
|
|
419,000
|
356,502
|
|
Vulcan Materials Co., 5.7%, 12/01/2054
|
|
|
581,000
|
574,409
|
|
|
|
|
|
$3,901,279
|
|
Business Services – 0.2%
|
||||
|
Automatic Data Processing, Inc., 5%, 5/07/2036
|
|
$
|
1,558,000
|
$1,553,824
|
|
Fiserv, Inc., 4.4%, 7/01/2049
|
|
|
682,000
|
523,221
|
|
Mastercard, Inc., 3.85%, 3/26/2050
|
|
|
977,000
|
758,881
|
|
Paychex, Inc., 5.1%, 4/15/2030
|
|
|
372,000
|
376,265
|
|
Paychex, Inc., 5.35%, 4/15/2032
|
|
|
429,000
|
434,600
|
|
|
|
|
|
$3,646,791
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Cable TV – 0.2%
|
||||
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.384%, 10/23/2035
|
|
$
|
444,000
|
$446,912
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
5.375%, 5/01/2047
|
|
|
675,000
|
544,547
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.7%, 12/01/2055
|
|
|
263,000
|
248,987
|
|
Comcast Corp., 5.35%, 5/15/2053
|
|
|
1,175,000
|
1,040,446
|
|
United Group B.V., 6.25%, 1/31/2032 (n)
|
|
EUR
|
520,000
|
617,286
|
|
Videotron Ltd., 3.625%, 6/15/2029 (n)
|
|
$
|
558,000
|
540,754
|
|
Videotron Ltd., 5.7%, 1/15/2035 (n)
|
|
|
898,000
|
908,355
|
|
|
|
|
|
$4,347,287
|
|
Chemicals – 0.1%
|
||||
|
Dangote Fertliser Ltd., 7.75%, 5/05/2031 (n)
|
|
$
|
834,000
|
$846,769
|
|
Maxam Prill S.à r.l., 7.75%, 7/15/2030 (n)
|
|
|
705,000
|
726,652
|
|
|
|
|
|
$1,573,421
|
|
Conglomerates – 0.4%
|
||||
|
Eaton Corp. PLC, 4.5%, 3/06/2033
|
|
$
|
794,000
|
$780,559
|
|
Eaton Corp. PLC, 4.8%, 3/06/2036
|
|
|
484,000
|
476,140
|
|
GE Vernova, Inc., 4.875%, 2/04/2036
|
|
|
819,000
|
807,198
|
|
nVent Finance S.à r.l., 5.65%, 5/15/2033
|
|
|
952,000
|
978,969
|
|
Regal Rexnord Corp., 6.05%, 4/15/2028
|
|
|
1,122,000
|
1,147,206
|
|
Regal Rexnord Corp., 6.3%, 2/15/2030
|
|
|
724,000
|
755,626
|
|
Regal Rexnord Corp., 6.4%, 4/15/2033
|
|
|
258,000
|
273,410
|
|
Westinghouse Air Brake Technologies Corp., 4.7%, 9/15/2028
|
|
|
1,231,000
|
1,233,735
|
|
Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034
|
|
|
527,000
|
543,014
|
|
|
|
|
|
$6,995,857
|
|
Consumer Products – 0.1%
|
||||
|
Haleon US Capital LLC, 3.625%, 3/24/2032
|
|
$
|
935,000
|
$878,491
|
|
L'Oréal S.A., 5%, 5/20/2035 (n)
|
|
|
662,000
|
668,651
|
|
Mattel, Inc., 3.75%, 4/01/2029 (n)
|
|
|
482,000
|
467,643
|
|
|
|
|
|
$2,014,785
|
|
Consumer Services – 0.2%
|
||||
|
CBRE Group, Inc., 5.95%, 8/15/2034
|
|
$
|
959,000
|
$999,702
|
|
Meituan, 4.5%, 5/05/2031 (n)
|
|
|
786,000
|
768,290
|
|
Rentokil Terminix Funding PLC, 4.625%, 4/23/2031 (n)
|
|
|
200,000
|
197,164
|
|
Rentokil Terminix LLC, 5%, 4/28/2030 (n)
|
|
|
1,156,000
|
1,161,926
|
|
|
|
|
|
$3,127,082
|
|
Containers – 0.1%
|
||||
|
San Miguel Industrias PET S.A., 3.75%, 8/02/2028 (n)
|
|
$
|
2,000,000
|
$1,920,240
|
|
Diversified Financial Services – 0.4%
|
||||
|
Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n)
|
|
$
|
1,323,000
|
$1,279,885
|
|
Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 (n)
|
|
|
625,000
|
609,702
|
|
Blackstone Secured Lending Fund, 5.35%, 4/13/2028
|
|
|
536,000
|
535,362
|
|
Blackstone Secured Lending Fund, 5.9%, 5/21/2031
|
|
|
381,000
|
377,116
|
|
Goldman Sachs Private Credit Corp., 6.15%, 6/16/2031 (n)
|
|
|
536,000
|
533,904
|
|
Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n)
|
|
|
939,000
|
935,026
|
|
Muangthai Capital PCL, 7.55%, 7/21/2030 (n)
|
|
|
403,000
|
407,412
|
|
Muthoot Finance Ltd., 7.125%, 2/14/2028 (n)
|
|
|
714,000
|
726,021
|
|
Muthoot Finance Ltd., 6.375%, 3/02/2030 (n)
|
|
|
669,000
|
673,317
|
|
SMBC Aviation Capital Finance DAC, 5.3%, 4/03/2029 (n)
|
|
|
1,188,000
|
1,205,062
|
|
SMBC Aviation Capital Finance DAC, 5.25%, 11/26/2035 (n)
|
|
|
530,000
|
520,953
|
|
|
|
|
|
$7,803,760
|
|
Electrical Equipment – 0.1%
|
||||
|
Arrow Electronics, Inc., 5.875%, 4/10/2034
|
|
$
|
906,000
|
$933,827
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Quasi-Sovereign – 3.5%
|
||||
|
Abu Dhabi Crude Oil Pipeline, 4.6%, 11/02/2047
|
|
$
|
870,000
|
$772,891
|
|
Al Jawaher Assets Co. SPC (Sultanate of Oman), 4.662%, 10/29/2030 (n)
|
|
|
803,000
|
789,681
|
|
Aloqabank JSC (Republic of Uzbekistan), 7.7%, 5/18/2031 (n)
|
|
|
427,000
|
424,398
|
|
Avilease Capital Ltd. (Kingdom of Saudi Arabia), 4.75%, 11/12/2030 (n)
|
|
|
1,002,000
|
976,668
|
|
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 5.45%, 5/08/2028 (n)
|
|
|
640,000
|
648,284
|
|
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 4.65%, 10/01/2030 (n)
|
|
|
306,000
|
302,689
|
|
Baiterek National Investment Holding JSC (Republic of Kazakhstan), 5.2%, 5/06/2033 (n)
|
|
|
772,000
|
766,585
|
|
Banco do Brasil S.A. (Cayman Branch), 5.625%, 10/23/2031 (n)
|
|
|
732,000
|
727,974
|
|
Banco Nacional de Comercio Exterior, S.N.C. (United Mexican States), 6%, 5/14/2036 (n)
|
|
|
619,000
|
615,905
|
|
Bank Gospodarstwa Krajowego (Republic of Poland), 5.375%, 5/22/2033 (n)
|
|
|
1,041,000
|
1,059,715
|
|
Bank Gospodarstwa Krajowego (Republic of Poland), 4.25%, 3/18/2037
|
|
EUR
|
844,000
|
1,003,669
|
|
Bulgarian Energy Holding EAD, 2.45%, 7/22/2028
|
|
|
1,054,000
|
1,182,522
|
|
Bulgarian Energy Holding EAD, 4.25%, 6/19/2030
|
|
|
515,000
|
592,617
|
|
Chile Electricity Lux MPC II S.à r.l., 6.01%, 1/20/2033 (n)
|
|
$
|
411,940
|
424,236
|
|
Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n)
|
|
|
664,703
|
675,206
|
|
Chile Electricity Lux MPC II S.à r.l., 5.672%, 10/20/2035 (n)
|
|
|
708,736
|
722,046
|
|
Codelco, Inc. (Republic of Chile), 6.33%, 1/13/2035 (n)
|
|
|
720,000
|
758,534
|
|
Codelco, Inc. (Republic of Chile), 6.44%, 1/26/2036 (n)
|
|
|
597,000
|
635,183
|
|
Codelco, Inc. (Republic of Chile), 5.529%, 1/30/2037 (n)
|
|
|
688,000
|
680,638
|
|
Codelco, Inc. (Republic of Chile), 6.78%, 1/13/2055 (n)
|
|
|
817,000
|
860,097
|
|
Comisión Ejecutiva Hidroeléctrica del Río Lempa (Republic of El Salvador), 8.65%, 1/24/2033 (n)
|
|
|
330,000
|
349,305
|
|
Comision Federal de Electricidad (United Mexican States), 6.045%, 1/28/2034 (n)
|
|
|
824,000
|
808,344
|
|
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.95%, 4/30/2029 (n)
|
|
|
1,013,000
|
1,045,933
|
|
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n)
|
|
|
423,000
|
429,002
|
|
DAE Funding LLC (United Arab Emirates), 4.95%, 1/15/2033 (n)
|
|
|
700,000
|
674,506
|
|
DAE Sukuk (DIFC) Ltd. (United Arab Emirates), 4.5%, 10/16/2030 (n)
|
|
|
735,000
|
709,922
|
|
Dhafra PV2 Energy Co. LLC (United Arab Emirates), 5.794%, 6/30/2053 (n)
|
|
|
816,000
|
810,822
|
|
Dua Capital Ltd. (Federation of Malaysia), 2.78%, 5/11/2031
|
|
|
878,000
|
804,705
|
|
Ecopetrol S.A. (Republic of Colombia), 8.875%, 1/13/2033
|
|
|
414,000
|
437,443
|
|
Ecopetrol S.A. (Republic of Colombia), 8.375%, 1/19/2036
|
|
|
724,000
|
741,714
|
|
El Fondo Mivivienda S.A. (Republic of Peru), 5.4%, 3/31/2031 (n)
|
|
|
840,000
|
842,360
|
|
Empresa Nacional del Petroleo (Republic of Chile), 5.25%, 11/06/2029
|
|
|
495,000
|
498,344
|
|
Empresa Nacional del Petroleo (Republic of Chile), 6.15%, 5/10/2033 (n)
|
|
|
432,000
|
450,384
|
|
Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034 (n)
|
|
|
487,000
|
499,915
|
|
Empresa Nacional del Petroleo (Republic of Chile), 4.5%, 9/14/2047
|
|
|
895,000
|
738,491
|
|
Eskom Holdings SOC Ltd. (Republic of South Africa), 6.35%, 8/10/2028 (n)
|
|
|
684,000
|
697,498
|
|
Export-Import Bank of India, 5.5%, 1/18/2033 (n)
|
|
|
1,143,000
|
1,175,406
|
|
Export-Import Bank of India, 5.5%, 1/13/2035 (n)
|
|
|
1,099,000
|
1,126,897
|
|
Export-Import Bank of India, 5%, 1/12/2036 (n)
|
|
|
1,048,000
|
1,034,312
|
|
Export-Import Bank of India, 5.75%, 1/12/2056 (n)
|
|
|
455,000
|
457,635
|
|
Grupo Energia Bogota S.A. ESP (Republic of Colombia), 5.75%, 10/22/2035 (n)
|
|
|
687,000
|
666,630
|
|
Indian Railway Finance Corp., 2.8%, 2/10/2031 (n)
|
|
|
1,354,000
|
1,237,239
|
|
JSC National Co. Kazakhstan Temir Zholy, 4.875%, 4/29/2031 (n)
|
|
|
518,000
|
509,989
|
|
JSC National Co. Kazakhstan Temir Zholy, 5.25%, 4/29/2036 (n)
|
|
|
468,000
|
454,790
|
|
JSC National Co. QazaqGaz (Republic of Kazakhstan), 5.625%, 5/08/2036 (n)
|
|
|
695,000
|
681,317
|
|
JSCB Agrobank (Republic of Uzbekistan), 9.25%, 10/02/2029 (n)
|
|
|
399,000
|
433,753
|
|
Ma'aden Sukuk Ltd. (Kingdom of Saudi Arabia), 5.25%, 2/13/2030 (n)
|
|
|
1,287,000
|
1,295,493
|
|
Ma'aden Sukuk Ltd. (Kingdom of Saudi Arabia), 5.25%, 1/29/2036 (n)
|
|
|
1,211,000
|
1,188,469
|
|
Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n)
|
|
|
798,000
|
813,959
|
|
Magyar Fejlesztesi Bank Zrt. (Republic of Hungary), 4.375%, 6/27/2030
|
|
EUR
|
523,000
|
624,572
|
|
MVM Energetika Zartkoruen Mukodo Reszvenytarsasag (Republic of Hungary), 6.5%, 3/13/2031
|
|
$
|
852,000
|
892,272
|
|
National Bank of Uzbekistan, 8.5%, 7/05/2029
|
|
|
668,000
|
713,677
|
|
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.75%, 5/14/2030 (n)
|
|
|
1,234,000
|
1,280,149
|
|
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.95%, 10/17/2031 (n)
|
|
|
752,000
|
795,829
|
|
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.75%, 5/02/2034 (n)
|
|
|
675,000
|
709,646
|
|
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.7%, 3/01/2036 (n)
|
|
|
723,000
|
751,461
|
|
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 5.125%, 6/23/2051 (n)
|
|
|
356,000
|
284,237
|
|
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 7.5%, 5/02/2054 (n)
|
|
|
407,000
|
435,498
|
|
Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.741%, 12/31/2164 (n)
|
|
|
879,000
|
870,539
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Quasi-Sovereign – continued
|
||||
|
Ooredoo International Finance Ltd. (State of Qatar), 4.625%, 10/10/2034 (n)
|
|
$
|
662,000
|
$652,641
|
|
Petroleos Mexicanos, 6.75%, 9/21/2047
|
|
|
1,119,000
|
942,064
|
|
Petroleos Mexicanos, 6.35%, 2/12/2048
|
|
|
1,147,000
|
929,520
|
|
Petroleos Mexicanos, 7.69%, 1/23/2050
|
|
|
1,582,000
|
1,447,600
|
|
Petroleos Mexicanos, 6.95%, 1/28/2060
|
|
|
739,000
|
612,346
|
|
PETRONAS Capital Ltd. (Federation of Malaysia), 4.95%, 1/03/2031 (n)
|
|
|
1,199,000
|
1,222,284
|
|
PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n)
|
|
|
1,187,000
|
1,224,798
|
|
PETRONAS Capital Ltd. (Federation of Malaysia), 5.848%, 4/03/2055 (n)
|
|
|
580,000
|
608,018
|
|
PT Bank Mandiri Tbk (Republic of Indonesia), 5.25%, 4/10/2031
|
|
|
720,000
|
722,609
|
|
PT Pertamina Hulu Energi (Republic of Indonesia), 5.25%, 5/21/2030 (n)
|
|
|
858,000
|
863,545
|
|
PT Perusahaan Listrik Negara (Republic of Indonesia), 5.45%, 2/03/2036 (n)
|
|
|
920,000
|
895,735
|
|
QNB Finance Ltd. (State of Qatar), 2.75%, 2/12/2027
|
|
|
1,129,000
|
1,115,476
|
|
SA Global Sukuk Ltd. (Kingdom of Saudi Arabia), 4.125%, 9/17/2030 (n)
|
|
|
1,023,000
|
994,640
|
|
Saudi Arabian Oil Co., 5%, 2/02/2036 (n)
|
|
|
726,000
|
709,893
|
|
Saudi Arabian Oil Co., 5.75%, 7/17/2054 (n)
|
|
|
638,000
|
603,183
|
|
Sonangol Finance Ltd. (Republic of Angola), 10%, 1/29/2031 (n)
|
|
|
1,019,000
|
1,047,388
|
|
STC Sukuk Co. II Ltd. (Kingdom of Saudi Arabia), 4.489%, 1/15/2031 (n)
|
|
|
507,000
|
500,625
|
|
STC Sukuk Co. II Ltd. (Kingdom of Saudi Arabia), 5.083%, 1/15/2036 (n)
|
|
|
510,000
|
507,773
|
|
T.C. Ziraat Bankasi A.S. (Republic of Turkey), 7.25%, 2/04/2030 (n)
|
|
|
586,000
|
591,107
|
|
Telecommunications Co. (Republic of Serbia), 7%, 10/28/2029 (n)
|
|
|
886,000
|
889,733
|
|
Turkiye Ihracat Kredi Bankasi A.S., 6.125%, 5/02/2029 (n)
|
|
|
415,000
|
409,725
|
|
Turkiye Vakiflar Bankasi T.A.O., 6.875%, 1/07/2030 (n)
|
|
|
712,000
|
709,834
|
|
Uzbek Industrial & Construction Bank ATB (Republic of Uzbekistan), 8.95%, 7/24/2029 (n)
|
|
|
336,000
|
361,411
|
|
Uzbekneftegaz JSC (Republic of Uzbekistan), 4.75%, 11/16/2028 (n)
|
|
|
324,000
|
314,942
|
|
|
|
|
|
$62,468,885
|
|
Emerging Market Sovereign – 8.8%
|
||||
|
Arab Republic of Egypt, 0%, 7/21/2026
|
|
EGP
|
40,650,000
|
$754,207
|
|
Arab Republic of Egypt, 5.875%, 2/16/2031
|
|
$
|
1,366,000
|
1,331,277
|
|
Arab Republic of Egypt, 7.903%, 2/21/2048
|
|
|
776,000
|
694,118
|
|
Benin Sukuk S.A., 6.2%, 1/29/2033 (n)
|
|
|
433,000
|
419,643
|
|
Commonwealth of Bahamas, 8.25%, 6/24/2036 (n)
|
|
|
522,000
|
583,518
|
|
Czech Republic, 4.9%, 4/14/2034
|
|
CZK
|
17,950,000
|
878,304
|
|
Democratic Socialist Republic of Sri Lanka, 4%, 4/15/2028 (n)
|
|
$
|
179,212
|
171,951
|
|
Democratic Socialist Republic of Sri Lanka, 3.1%, 1/15/2030 (n)
|
|
|
271,301
|
266,732
|
|
Democratic Socialist Republic of Sri Lanka, 3.35%, 3/15/2033 (n)
|
|
|
1,630,525
|
1,500,529
|
|
Democratic Socialist Republic of Sri Lanka, 3.6%, 5/15/2036 (n)
|
|
|
565,350
|
547,157
|
|
Democratic Socialist Republic of Sri Lanka, 3.6%, 2/15/2038 (n)
|
|
|
498,971
|
485,502
|
|
Dominican Republic, 7.05%, 2/03/2031 (n)
|
|
|
1,196,000
|
1,258,491
|
|
Dominican Republic, 4.875%, 9/23/2032 (n)
|
|
|
839,000
|
797,260
|
|
Dominican Republic, 4.875%, 9/23/2032
|
|
|
824,000
|
783,006
|
|
Dominican Republic, 6%, 2/22/2033 (n)
|
|
|
610,000
|
611,830
|
|
Dominican Republic, 6.15%, 5/17/2038 (n)
|
|
|
755,000
|
743,675
|
|
Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n)
|
|
|
1,109,000
|
1,115,355
|
|
Federal Republic of Nigeria, 0%, 6/09/2026
|
|
NGN
|
1,084,864,000
|
787,465
|
|
Federal Republic of Nigeria, 0%, 9/22/2026
|
|
|
1,132,434,000
|
774,728
|
|
Federal Republic of Nigeria, 7.875%, 2/16/2032
|
|
$
|
704,000
|
743,916
|
|
Federal Republic of Nigeria, 7.375%, 9/28/2033 (n)
|
|
|
601,000
|
617,944
|
|
Federal Republic of Nigeria, 7.375%, 9/28/2033
|
|
|
1,553,000
|
1,596,784
|
|
Federal Republic of Nigeria, 8.631%, 1/13/2036 (n)
|
|
|
703,000
|
775,463
|
|
Federal Republic of Nigeria, 7.696%, 2/23/2038
|
|
|
595,000
|
616,106
|
|
Federal Republic of Nigeria, 9.13%, 1/13/2046 (n)
|
|
|
575,000
|
643,783
|
|
Federative Republic of Brazil, 10%, 1/01/2029
|
|
BRL
|
3,827,000
|
700,050
|
|
Federative Republic of Brazil, 10%, 1/01/2031
|
|
|
1,614,000
|
279,772
|
|
Federative Republic of Brazil, 6.625%, 3/15/2035
|
|
$
|
684,000
|
705,204
|
|
Federative Republic of Brazil, 6.25%, 5/22/2036
|
|
|
846,000
|
838,386
|
|
Federative Republic of Brazil, 7.25%, 1/12/2056
|
|
|
474,000
|
473,526
|
|
Government of Mongolia, 5.95%, 3/09/2032 (n)
|
|
|
508,000
|
511,074
|
|
Government of Ukraine, 4%, 2/01/2032 (n)
|
|
|
2,512,960
|
2,055,634
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Sovereign – continued
|
||||
|
Government of Ukraine, 0%, 2/01/2034 (n)
|
|
$
|
779,905
|
$414,612
|
|
Government of Ukraine, 4.5%, 2/01/2034 (n)
|
|
|
188,729
|
129,170
|
|
Government of Ukraine, 0%, 2/01/2035 (n)
|
|
|
217,038
|
125,158
|
|
Government of Ukraine, 4.5%, 2/01/2035 (n)
|
|
|
440,367
|
296,833
|
|
Government of Ukraine, 4.5%, 2/01/2036 (n)
|
|
|
629,096
|
417,378
|
|
Hazine Mustesarligi Varlik Kiralama A.S. (Republic of Turkey), 6.5%, 4/26/2030 (n)
|
|
|
631,000
|
637,689
|
|
Hazine Mustesarligi Varlik Kiralama A.S. (Republic of Turkey), 6.75%, 9/01/2030 (n)
|
|
|
672,000
|
683,433
|
|
Islamic Republic of Pakistan, 6.975%, 4/24/2029 (n)
|
|
|
842,000
|
827,670
|
|
Kingdom of Saudi Arabia, 4.875%, 1/12/2036 (n)
|
|
|
835,000
|
825,168
|
|
Kingdom of Saudi Arabia, 4.5%, 10/26/2046
|
|
|
1,446,000
|
1,209,321
|
|
Kingdom of Saudi Arabia, 4.625%, 10/04/2047
|
|
|
697,000
|
588,769
|
|
Kingdom of Saudi Arabia, 3.25%, 11/17/2051 (n)
|
|
|
736,000
|
479,818
|
|
Kingdom of Saudi Arabia, 5.875%, 1/12/2056 (n)
|
|
|
968,000
|
938,445
|
|
Oriental Republic of Uruguay, 5.442%, 2/14/2037
|
|
|
967,000
|
992,152
|
|
Oriental Republic of Uruguay, 4.975%, 4/20/2055
|
|
|
753,000
|
679,582
|
|
Oriental Republic of Uruguay, 5.25%, 9/10/2060
|
|
|
940,742
|
865,483
|
|
Republic of Angola, 9.244%, 1/15/2031 (n)
|
|
|
679,000
|
713,554
|
|
Republic of Angola, 8.75%, 4/14/2032 (n)
|
|
|
782,000
|
801,248
|
|
Republic of Angola, 9.375%, 3/31/2033 (n)
|
|
|
1,039,000
|
1,085,777
|
|
Republic of Angola, 9.875%, 3/31/2037 (n)
|
|
|
849,000
|
891,414
|
|
Republic of Angola, 9.375%, 5/08/2048
|
|
|
349,000
|
341,570
|
|
Republic of Angola, 9.125%, 11/26/2049
|
|
|
1,922,000
|
1,840,577
|
|
Republic of Argentina, 4.125%, 7/09/2035
|
|
|
4,145,000
|
3,189,577
|
|
Republic of Argentina, 5%, 1/09/2038
|
|
|
3,749,000
|
3,013,446
|
|
Republic of Argentina, 3.5%, 7/09/2041
|
|
|
4,236,000
|
3,030,858
|
|
Republic of Barbados, 8%, 6/26/2035 (n)
|
|
|
690,000
|
732,124
|
|
Republic of Benin, 7.96%, 2/13/2038 (n)
|
|
|
816,000
|
860,706
|
|
Republic of Benin, 8.375%, 1/23/2041 (n)
|
|
|
533,000
|
567,757
|
|
Republic of Chile, 5.65%, 1/13/2037
|
|
|
1,491,000
|
1,550,640
|
|
Republic of Colombia, 7.375%, 4/25/2030
|
|
|
605,000
|
629,932
|
|
Republic of Colombia, 6.125%, 1/21/2031
|
|
|
632,000
|
629,472
|
|
Republic of Colombia, 6.5%, 1/21/2033
|
|
|
894,000
|
882,825
|
|
Republic of Colombia, 7.75%, 11/07/2036
|
|
|
2,234,000
|
2,330,062
|
|
Republic of Congo, 8.75%, 4/16/2032 (n)
|
|
|
366,000
|
370,143
|
|
Republic of Congo, 9.5%, 4/16/2037 (n)
|
|
|
442,000
|
451,195
|
|
Republic of Costa Rica, 7%, 4/04/2044
|
|
|
272,000
|
294,043
|
|
Republic of Costa Rica, 7.158%, 3/12/2045
|
|
|
1,215,000
|
1,330,146
|
|
Republic of Costa Rica, 7.3%, 11/13/2054 (n)
|
|
|
1,185,000
|
1,323,657
|
|
Republic of Cote d'Ivoire, 7.625%, 1/30/2033 (n)
|
|
|
1,331,000
|
1,423,119
|
|
Republic of Cote d'Ivoire, 8.075%, 4/01/2036 (n)
|
|
|
1,350,000
|
1,469,555
|
|
Republic of Cote d'Ivoire, 8.25%, 1/30/2037 (n)
|
|
|
1,910,000
|
2,109,565
|
|
Republic of Cote d'Ivoire, 6.75%, 2/25/2041 (n)
|
|
|
623,000
|
597,084
|
|
Republic of Ecuador, 8.75%, 1/29/2034 (n)
|
|
|
1,086,000
|
1,100,661
|
|
Republic of Ecuador, 6.9%, 7/31/2035
|
|
|
3,195,789
|
2,936,131
|
|
Republic of Ecuador, 9.25%, 1/29/2039 (n)
|
|
|
1,394,000
|
1,433,729
|
|
Republic of Ecuador, 5%, 7/31/2040
|
|
|
1,806,000
|
1,512,525
|
|
Republic of El Salvador, 9.65%, 11/21/2054 (n)
|
|
|
294,000
|
329,971
|
|
Republic of Ghana, 5%, 7/03/2035 (n)
|
|
|
1,169,576
|
1,093,382
|
|
Republic of Guatemala, 3.7%, 10/07/2033
|
|
|
936,000
|
834,257
|
|
Republic of Guatemala, 6.6%, 6/13/2036 (n)
|
|
|
703,000
|
748,140
|
|
Republic of Guatemala, 6.25%, 8/15/2036 (n)
|
|
|
1,013,000
|
1,054,118
|
|
Republic of Guatemala, 6.55%, 2/06/2037 (n)
|
|
|
794,000
|
840,457
|
|
Republic of Guatemala, 6.875%, 8/15/2055 (n)
|
|
|
691,000
|
746,017
|
|
Republic of Honduras, 8.625%, 11/27/2034
|
|
|
788,000
|
894,380
|
|
Republic of Hungary, 5.375%, 9/26/2030 (n)
|
|
|
698,000
|
711,090
|
|
Republic of Hungary, 5.5%, 6/16/2034 (n)
|
|
|
1,509,000
|
1,529,334
|
|
Republic of Hungary, 6%, 9/26/2035 (n)
|
|
|
454,000
|
472,386
|
|
Republic of Hungary, 6%, 9/26/2035
|
|
|
2,123,000
|
2,208,977
|
|
Republic of Hungary, 5.5%, 3/26/2036 (n)
|
|
|
903,000
|
904,225
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Sovereign – continued
|
||||
|
Republic of Hungary, 5.5%, 3/26/2036
|
|
$
|
1,173,000
|
$1,174,591
|
|
Republic of Hungary, 6.25%, 9/23/2037
|
|
HUF
|
212,800,000
|
754,128
|
|
Republic of Hungary, 3%, 10/27/2038
|
|
|
183,000,000
|
476,531
|
|
Republic of Hungary, 6.75%, 9/23/2055 (n)
|
|
$
|
1,396,000
|
1,495,569
|
|
Republic of Indonesia, 4.1%, 3/04/2034
|
|
EUR
|
515,000
|
589,718
|
|
Republic of Indonesia, 5.69%, 5/29/2036
|
|
$
|
519,000
|
529,149
|
|
Republic of Indonesia, 4.46%, 3/04/2038
|
|
EUR
|
430,000
|
485,545
|
|
Republic of Montenegro, 4.875%, 4/01/2032 (n)
|
|
|
198,000
|
232,966
|
|
Republic of Panama, 5.227%, 2/23/2034
|
|
$
|
895,000
|
885,602
|
|
Republic of Panama, 6.4%, 2/14/2035
|
|
|
906,000
|
959,771
|
|
Republic of Panama, 6.7%, 1/26/2036
|
|
|
336,000
|
362,880
|
|
Republic of Panama, 5.662%, 2/23/2038
|
|
|
746,000
|
745,254
|
|
Republic of Panama, 8%, 3/01/2038
|
|
|
952,000
|
1,119,076
|
|
Republic of Panama, 4.5%, 1/19/2063
|
|
|
1,037,000
|
794,394
|
|
Republic of Paraguay, 8.5%, 4/04/2038 (n)
|
|
PYG
|
6,685,000,000
|
1,051,077
|
|
Republic of Paraguay, 5.4%, 3/30/2050 (n)
|
|
$
|
1,713,000
|
1,546,839
|
|
Republic of Paraguay, 5.4%, 3/30/2050
|
|
|
1,091,000
|
985,173
|
|
Republic of Peru, 6.9%, 8/12/2037
|
|
PEN
|
1,317,000
|
390,509
|
|
Republic of Philippines, 5%, 1/27/2036
|
|
$
|
978,000
|
957,023
|
|
Republic of Poland, 4.625%, 4/14/2031
|
|
|
847,000
|
850,152
|
|
Republic of Poland, 5.125%, 9/18/2034
|
|
|
981,000
|
986,112
|
|
Republic of Poland, 5%, 10/25/2034
|
|
PLN
|
2,723,000
|
727,628
|
|
Republic of Poland, 5.375%, 2/12/2035
|
|
$
|
1,349,000
|
1,370,314
|
|
Republic of Poland, 5.375%, 4/14/2036
|
|
|
1,156,000
|
1,159,140
|
|
Republic of Poland, 6.125%, 4/14/2056
|
|
|
1,926,000
|
1,926,512
|
|
Republic of Romania, 2%, 1/28/2032
|
|
EUR
|
625,000
|
630,614
|
|
Republic of Romania, 3.625%, 3/27/2032
|
|
$
|
1,082,000
|
977,562
|
|
Republic of Romania, 4.625%, 3/04/2033 (n)
|
|
EUR
|
970,000
|
1,099,934
|
|
Republic of Romania, 7.5%, 7/27/2033
|
|
RON
|
2,380,000
|
547,203
|
|
Republic of Romania, 6.375%, 1/30/2034 (n)
|
|
$
|
554,000
|
562,342
|
|
Republic of Romania, 3.75%, 2/07/2034 (n)
|
|
EUR
|
592,000
|
622,228
|
|
Republic of Romania, 6%, 5/25/2034 (n)
|
|
$
|
928,000
|
922,694
|
|
Republic of Romania, 5.75%, 3/24/2035
|
|
|
1,220,000
|
1,180,859
|
|
Republic of Romania, 6.625%, 5/16/2036 (n)
|
|
|
1,680,000
|
1,717,793
|
|
Republic of Romania, 5.75%, 7/04/2036 (n)
|
|
|
1,074,000
|
1,024,497
|
|
Republic of Romania, 7.5%, 2/10/2037 (n)
|
|
|
610,000
|
658,622
|
|
Republic of Romania, 6.5%, 10/07/2045 (n)
|
|
EUR
|
446,000
|
521,694
|
|
Republic of Serbia, 6%, 6/12/2034 (n)
|
|
$
|
1,397,000
|
1,434,136
|
|
Republic of Serbia, 5.5%, 5/06/2036 (n)
|
|
|
1,069,000
|
1,045,787
|
|
Republic of South Africa, 7.1%, 11/19/2036 (n)
|
|
|
1,486,000
|
1,589,575
|
|
Republic of South Africa, 6.125%, 12/11/2037 (n)
|
|
|
1,159,000
|
1,137,286
|
|
Republic of South Africa, 6.5%, 2/28/2041
|
|
ZAR
|
15,218,000
|
749,590
|
|
Republic of South Africa, 8.75%, 1/31/2044
|
|
|
12,080,000
|
723,545
|
|
Republic of South Africa, 7.3%, 4/20/2052
|
|
$
|
1,812,000
|
1,812,578
|
|
Republic of South Africa, 7.95%, 11/19/2054 (n)
|
|
|
1,529,000
|
1,629,012
|
|
Republic of South Africa, 7.25%, 12/11/2055 (n)
|
|
|
879,000
|
866,835
|
|
Republic of Suriname, 7.7%, 11/06/2030 (n)
|
|
|
336,000
|
346,080
|
|
Republic of Suriname, 8.5%, 11/06/2035 (n)
|
|
|
443,000
|
475,853
|
|
Republic of Turkey, 6.375%, 5/22/2031
|
|
|
738,000
|
731,872
|
|
Republic of Turkey, 5.875%, 6/26/2031
|
|
|
1,529,000
|
1,489,396
|
|
Republic of Turkey, 6.5%, 1/03/2035
|
|
|
592,000
|
572,644
|
|
Republic of Turkey, 6.95%, 9/16/2035
|
|
|
1,186,000
|
1,175,183
|
|
Republic of Turkey, 5.75%, 5/11/2047
|
|
|
1,575,000
|
1,238,126
|
|
Republic of Uzbekistan, 7.85%, 10/12/2028 (n)
|
|
|
668,000
|
707,346
|
|
Republic of Uzbekistan, 5.375%, 2/20/2029
|
|
|
1,081,000
|
1,088,515
|
|
Republic of Uzbekistan, 6.9%, 2/28/2032 (n)
|
|
|
907,000
|
969,534
|
|
Republic of Uzbekistan, 6.947%, 5/25/2032 (n)
|
|
|
771,000
|
828,453
|
|
Republic of Venezuela, 7.65%, 4/21/2027 (a)(d)
|
|
|
882,000
|
410,130
|
|
Republic of Venezuela, 9.25%, 9/15/2027 (a)(d)
|
|
|
1,121,000
|
577,876
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Sovereign – continued
|
||||
|
Republic of Venezuela, 11.95%, 8/05/2031 (a)(d)
|
|
$
|
551,000
|
$311,315
|
|
Republic of Venezuela, 7%, 3/31/2038 (a)(d)
|
|
|
4,085,000
|
1,899,525
|
|
Republic of Zambia, 5.75%, 6/30/2033
|
|
|
455,494
|
451,965
|
|
Sultanate of Oman, 6.5%, 3/08/2047
|
|
|
1,218,000
|
1,298,689
|
|
Sultanate of Oman, 6.75%, 1/17/2048
|
|
|
1,457,000
|
1,588,887
|
|
Sultanate of Oman, 7%, 1/25/2051
|
|
|
1,416,000
|
1,604,171
|
|
United Mexican States, 5.85%, 7/02/2032
|
|
|
1,166,000
|
1,171,189
|
|
United Mexican States, 5.375%, 3/22/2033
|
|
|
929,000
|
907,633
|
|
United Mexican States, 5.625%, 2/09/2034
|
|
|
1,401,000
|
1,374,157
|
|
United Mexican States, 5.625%, 9/22/2035
|
|
|
2,225,000
|
2,153,800
|
|
United Mexican States, 6.875%, 5/13/2037
|
|
|
703,000
|
734,494
|
|
United Mexican States, 6.625%, 1/29/2038
|
|
|
698,000
|
712,658
|
|
United Mexican States, 6.125%, 2/09/2038
|
|
|
1,030,000
|
1,009,915
|
|
United Mexican States, 6.338%, 5/04/2053
|
|
|
1,089,000
|
1,019,304
|
|
United Mexican States, 6.4%, 5/07/2054
|
|
|
578,000
|
540,372
|
|
United Mexican States, 6.75%, 2/09/2056
|
|
|
658,000
|
645,037
|
|
|
|
|
|
$159,027,055
|
|
Energy - Independent – 0.3%
|
||||
|
APA Corp., 6.1%, 2/15/2035
|
|
$
|
212,000
|
$220,325
|
|
APA Corp., 6.75%, 2/15/2055
|
|
|
385,000
|
404,617
|
|
Azule Energy Finance PLC, 8.25%, 1/22/2031 (n)
|
|
|
488,000
|
497,597
|
|
Azule Energy Finance PLC, 8.625%, 1/22/2033 (n)
|
|
|
556,000
|
570,242
|
|
Occidental Petroleum Corp., 4.4%, 4/15/2046
|
|
|
625,000
|
515,869
|
|
Pioneer Natural Resources Co., 1.9%, 8/15/2030
|
|
|
1,174,000
|
1,059,989
|
|
Pioneer Natural Resources Co., 2.15%, 1/15/2031
|
|
|
501,000
|
451,088
|
|
Santos Finance Ltd., 6.875%, 9/19/2033 (n)
|
|
|
633,000
|
689,578
|
|
Santos Finance Ltd., 5.75%, 11/13/2035 (n)
|
|
|
321,000
|
324,843
|
|
SierraCol Energy Andina LLC/SierraCol Energy, 9%, 11/14/2030 (n)
|
|
|
628,000
|
634,205
|
|
|
|
|
|
$5,368,353
|
|
Energy - Integrated – 0.1%
|
||||
|
BP Capital Markets America, Inc., 3.001%, 3/17/2052
|
|
$
|
1,126,000
|
$721,428
|
|
Eni S.p.A., 6%, 5/18/2056 (n)
|
|
|
871,000
|
868,829
|
|
|
|
|
|
$1,590,257
|
|
Entertainment & Leisure – 0.0%
|
||||
|
Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n)
|
|
$
|
590,000
|
$595,177
|
|
Food & Beverages – 0.7%
|
||||
|
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049
|
|
$
|
2,041,000
|
$2,011,922
|
|
Bacardi Ltd., 5.15%, 5/15/2038 (n)
|
|
|
1,632,000
|
1,518,799
|
|
Central American Bottling Corp., 5.25%, 4/27/2029 (n)
|
|
|
1,214,000
|
1,193,080
|
|
Flowers Foods, Inc., 5.75%, 3/15/2035
|
|
|
418,000
|
403,506
|
|
JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 3%, 2/02/2029
|
|
|
592,000
|
567,335
|
|
JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 3.75%, 12/01/2031
|
|
|
465,000
|
433,253
|
|
JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 3.625%, 1/15/2032
|
|
|
371,000
|
342,536
|
|
JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 6.5%, 12/01/2052
|
|
|
399,000
|
403,300
|
|
Kraft Heinz Foods Co., 4.875%, 10/01/2049
|
|
|
506,000
|
422,891
|
|
Kraft Heinz Foods Co., 5.5%, 6/01/2050
|
|
|
628,000
|
572,077
|
|
Mars, Inc., 4.55%, 4/20/2028 (n)
|
|
|
463,000
|
464,889
|
|
Mars, Inc., 4.75%, 4/20/2033 (n)
|
|
|
1,424,000
|
1,411,336
|
|
Mars, Inc., 3.95%, 4/01/2049 (n)
|
|
|
758,000
|
594,267
|
|
Mars, Inc., 5.7%, 5/01/2055 (n)
|
|
|
932,000
|
919,381
|
|
SYSCO Corp., 4.45%, 3/15/2048
|
|
|
640,000
|
522,569
|
|
|
|
|
|
$11,781,141
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Global Systemically Important Banks – 1.9%
|
||||
|
Bank of America Corp., 3.419% to 12/20/2027, FLR ((SOFR - 3mo. + 0.26161%) + 1.04%)
to 12/20/2028
|
|
$
|
2,164,000
|
$2,130,282
|
|
Bank of America Corp., 5.819% to 9/15/2028, FLR (SOFR - 1 day + 1.57%) to 9/15/2029
|
|
|
989,000
|
1,015,590
|
|
Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032
|
|
|
2,851,000
|
2,588,165
|
|
BNP Paribas S.A., 6.875% to 12/15/2033, FLR (CMT - 5yr. + 2.853%) to 12/31/2164 (n)
|
|
|
732,000
|
727,189
|
|
Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030
|
|
|
704,000
|
702,887
|
|
Goldman Sachs Group, Inc., 4.972% to 6/03/2031, FLR (SOFR - 1 day + 1.03%) to 6/03/2032 (w)
|
|
|
580,000
|
581,366
|
|
Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035
|
|
|
628,000
|
618,715
|
|
Goldman Sachs Group, Inc., 5.065% to 1/21/2036, FLR (SOFR - 1 day + 1.19%) to 1/21/2037
|
|
|
840,000
|
821,742
|
|
HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031
|
|
|
596,000
|
601,526
|
|
HSBC Holdings PLC, 2.357% to 8/18/2030, FLR (SOFR - 1 day + 1.947%) to 8/18/2031
|
|
|
554,000
|
500,797
|
|
HSBC Holdings PLC, 5.208% to 5/12/2033, FLR (SOFR - 1 day + 1.32%) to 5/12/2034
|
|
|
528,000
|
527,074
|
|
HSBC Holdings PLC, 5.279% to 3/10/2036, FLR (SOFR - 1 day + 1.55%) to 3/10/2037
|
|
|
650,000
|
643,104
|
|
HSBC Holdings PLC, 6.75% to 5/18/2033, FLR (CMT - 5yr. + 2.513%) to 12/31/2099
|
|
|
350,000
|
351,491
|
|
JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030
|
|
|
788,000
|
808,112
|
|
JPMorgan Chase & Co., 2.545% to 11/08/2031, FLR (SOFR - 1 day + 1.18%) to 11/08/2032
|
|
|
3,984,000
|
3,553,399
|
|
JPMorgan Chase & Co., 5.336% to 1/23/2034, FLR (SOFR - 1 day + 1.62%) to 1/23/2035
|
|
|
675,000
|
685,131
|
|
JPMorgan Chase & Co., 4.946% to 10/22/2034, FLR (SOFR - 1 day + 1.34%) to 10/22/2035
|
|
|
499,000
|
492,606
|
|
JPMorgan Chase & Co., 4.898% to 1/22/2036, FLR (SOFR - 1 day + 1.07%) to 1/22/2037
|
|
|
1,132,000
|
1,103,107
|
|
Mitsubishi UFJ Financial Group, Inc., 1.64% to 10/13/2026, FLR (CMT - 1yr. + 0.67%)
to 10/13/2027
|
|
|
2,438,000
|
2,413,396
|
|
Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%)
to 10/13/2032
|
|
|
2,319,000
|
2,055,948
|
|
Morgan Stanley, 5.449% to 7/20/2028, FLR (SOFR - 1 day + 1.63%) to 7/20/2029
|
|
|
705,000
|
717,419
|
|
Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034
|
|
|
1,119,000
|
1,140,499
|
|
Morgan Stanley, 5.073% to 1/30/2036, FLR (SOFR - 1 day + 1.184%) to 1/30/2037
|
|
|
1,580,000
|
1,547,188
|
|
Sumitomo Mitsui Financial Group, Inc., 1.71%, 1/12/2031
|
|
|
2,461,000
|
2,157,973
|
|
Toronto-Dominion Bank, 4.693%, 9/15/2027
|
|
|
552,000
|
554,830
|
|
UBS Group AG, 5.58%, 5/09/2036 (n)
|
|
|
2,681,000
|
2,733,207
|
|
UBS Group AG, 3.179% to 2/11/2042, FLR (CMT - 1yr. + 1.1%) to 2/11/2043 (n)
|
|
|
1,759,000
|
1,313,374
|
|
UBS Group AG, 7% to 8/05/2035, FLR (USD SOFR ICE Swap Rate - 5yr. + 3.296%) to 12/31/2164 (n)
|
|
|
613,000
|
619,519
|
|
Wells Fargo & Co., 5.574% to 7/25/2028, FLR (SOFR - 1 day + 1.74%) to 7/25/2029
|
|
|
569,000
|
580,197
|
|
|
|
|
|
$34,285,833
|
|
Hardware, Peripherals, & Assembly – 0.1%
|
||||
|
Apple, Inc., 2.65%, 5/11/2050
|
|
$
|
1,640,000
|
$1,015,630
|
|
Industrial – 0.2%
|
||||
|
Booz Allen Hamilton, Inc., 5.95%, 4/15/2035
|
|
$
|
664,000
|
$670,865
|
|
Jacobs Solutions, Inc., 5.375%, 3/03/2036
|
|
|
891,000
|
872,234
|
|
WSP Global, Inc., 5.039%, 9/18/2031 (n)
|
|
|
470,000
|
467,918
|
|
WSP Global, Inc., 5.714%, 9/18/2036 (n)
|
|
|
981,000
|
978,181
|
|
|
|
|
|
$2,989,198
|
|
Insurance – 0.3%
|
||||
|
Corebridge Financial, Inc., 3.9%, 4/05/2032
|
|
$
|
608,000
|
$572,196
|
|
Corebridge Financial, Inc., 4.35%, 4/05/2042
|
|
|
949,000
|
799,643
|
|
Corebridge Global Funding, 4.9%, 8/21/2032 (n)
|
|
|
643,000
|
637,004
|
|
Lincoln National Corp., 5.852%, 3/15/2034
|
|
|
665,000
|
683,905
|
|
Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n)
|
|
|
872,000
|
904,468
|
|
Pacific Life Insurance Co., 5.95%, 9/15/2055 (n)
|
|
|
849,000
|
840,778
|
|
Sammons Financial Group, Inc., 4.75%, 4/08/2032 (n)
|
|
|
859,000
|
822,342
|
|
|
|
|
|
$5,260,336
|
|
Insurance - Health – 0.2%
|
||||
|
Elevance Health, Inc., 5.65%, 6/15/2054
|
|
$
|
641,000
|
$616,051
|
|
Horseshoe Funding Trust II, 6.887%, 11/15/2055 (n)
|
|
|
601,000
|
620,881
|
|
Humana, Inc., 5.375%, 4/15/2031
|
|
|
435,000
|
441,819
|
|
Humana, Inc., 5.55%, 5/01/2035
|
|
|
429,000
|
429,502
|
|
Humana, Inc., 4.95%, 10/01/2044
|
|
|
560,000
|
484,997
|
|
UnitedHealth Group, Inc., 2.3%, 5/15/2031
|
|
|
438,000
|
393,009
|
|
UnitedHealth Group, Inc., 5.5%, 7/15/2044
|
|
|
529,000
|
518,302
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Insurance - Health – continued
|
||||
|
UnitedHealth Group, Inc., 5.875%, 2/15/2053
|
|
$
|
776,000
|
$778,970
|
|
|
|
|
|
$4,283,531
|
|
Insurance - Property & Casualty – 0.4%
|
||||
|
American International Group, Inc., 4.85%, 5/07/2030
|
|
$
|
273,000
|
$275,436
|
|
American International Group, Inc., 5.125%, 3/27/2033
|
|
|
1,059,000
|
1,070,957
|
|
Arthur J. Gallagher & Co., 6.5%, 2/15/2034
|
|
|
612,000
|
661,933
|
|
Arthur J. Gallagher & Co., 6.75%, 2/15/2054
|
|
|
864,000
|
946,064
|
|
Brown & Brown, Inc., 5.25%, 6/23/2032
|
|
|
261,000
|
261,734
|
|
Brown & Brown, Inc., 6.25%, 6/23/2055
|
|
|
154,000
|
154,596
|
|
Fairfax Financial Holdings Ltd., 3.375%, 3/03/2031
|
|
|
390,000
|
364,720
|
|
Fairfax Financial Holdings Ltd., 5.625%, 8/16/2032
|
|
|
387,000
|
399,085
|
|
Fairfax Financial Holdings Ltd., 6.5%, 5/20/2055
|
|
|
888,000
|
938,166
|
|
Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031
|
|
|
451,000
|
454,354
|
|
Marsh & McLennan Cos., Inc., 2.9%, 12/15/2051
|
|
|
431,000
|
268,303
|
|
Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055
|
|
|
430,000
|
408,690
|
|
Progressive Corp., 5.15%, 3/26/2036
|
|
|
658,000
|
658,327
|
|
|
|
|
|
$6,862,365
|
|
International Market Quasi-Sovereign – 0.2%
|
||||
|
Israel Electric Corp. Ltd., 5.633%, 1/28/2038 (n)
|
|
$
|
721,000
|
$719,122
|
|
NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)
|
|
|
1,470,000
|
1,510,703
|
|
Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n)
|
|
|
1,421,000
|
1,257,072
|
|
|
|
|
|
$3,486,897
|
|
International Market Sovereign – 0.4%
|
||||
|
Government of Bermuda, 5%, 7/15/2032 (n)
|
|
$
|
3,715,000
|
$3,724,808
|
|
State of Israel, 5%, 1/13/2036
|
|
|
575,000
|
561,458
|
|
State of Israel, 5.875%, 1/13/2056
|
|
|
3,608,000
|
3,491,329
|
|
|
|
|
|
$7,777,595
|
|
Local Authorities – 0.1%
|
||||
|
City of Buenos Aires, 7.8%, 11/26/2033 (n)
|
|
$
|
453,000
|
$467,736
|
|
Province of Córdoba, 8.6%, 2/03/2035 (n)
|
|
|
740,000
|
716,875
|
|
Republic of Argentina, 8.1%, 12/11/2034 (n)
|
|
|
666,000
|
656,010
|
|
|
|
|
|
$1,840,621
|
|
Machinery & Tools – 0.1%
|
||||
|
Ashtead Capital, Inc., 4.375%, 8/15/2027 (n)
|
|
$
|
408,000
|
$406,509
|
|
Ashtead Capital, Inc., 5.55%, 5/30/2033 (n)
|
|
|
839,000
|
853,308
|
|
CNH Industrial Capital LLC, 5.5%, 1/12/2029
|
|
|
665,000
|
678,896
|
|
|
|
|
|
$1,938,713
|
|
Media – 0.2%
|
||||
|
Prosus N.V., 4.193%, 1/19/2032 (n)
|
|
$
|
625,000
|
$598,580
|
|
Prosus N.V., 4.027%, 8/03/2050 (n)
|
|
|
852,000
|
597,342
|
|
Walt Disney Co., 3.5%, 5/13/2040
|
|
|
885,000
|
727,119
|
|
Walt Disney Co., 3.8%, 5/13/2060
|
|
|
561,000
|
405,897
|
|
WMG Acquisition Corp., 3.75%, 12/01/2029 (n)
|
|
|
588,000
|
559,815
|
|
WMG Acquisition Corp., 3.875%, 7/15/2030 (n)
|
|
|
781,000
|
740,866
|
|
|
|
|
|
$3,629,619
|
|
Medical & Health Technology & Services – 0.5%
|
||||
|
Alcon Finance Corp., 2.75%, 9/23/2026 (n)
|
|
$
|
2,224,000
|
$2,213,164
|
|
Baxter International, Inc., 4.9%, 12/15/2030
|
|
|
255,000
|
252,993
|
|
Baxter International, Inc., 5.65%, 12/15/2035
|
|
|
360,000
|
356,639
|
|
CommonSpirit Health, 5.662%, 9/01/2055
|
|
|
475,000
|
457,584
|
|
HCA, Inc., 4.9%, 11/15/2035
|
|
|
311,000
|
301,009
|
|
HCA, Inc., 5.7%, 11/15/2055
|
|
|
541,000
|
508,357
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Medical & Health Technology & Services – continued
|
||||
|
ICON Investments Six DAC, 5.809%, 5/08/2027
|
|
$
|
1,724,000
|
$1,737,897
|
|
Marin General Hospital, 7.242%, 8/01/2045
|
|
|
839,000
|
894,527
|
|
Thermo Fisher Scientific, Inc., 4.977%, 8/10/2030
|
|
|
466,000
|
473,971
|
|
Thermo Fisher Scientific, Inc., 4.473%, 10/07/2032
|
|
|
1,053,000
|
1,036,818
|
|
Thermo Fisher Scientific, Inc., 2.8%, 10/15/2041
|
|
|
832,000
|
606,972
|
|
|
|
|
|
$8,839,931
|
|
Medical Equipment – 0.2%
|
||||
|
Abbott Laboratories, 4.65%, 3/15/2036
|
|
$
|
1,173,000
|
$1,140,051
|
|
Augusta SpinCo Corp., 4.945%, 3/23/2033
|
|
|
445,000
|
443,631
|
|
Augusta SpinCo Corp., 5.245%, 3/23/2036
|
|
|
489,000
|
488,825
|
|
Danaher Corp., 2.6%, 10/01/2050
|
|
|
1,323,000
|
797,781
|
|
Stryker Corp., 4.625%, 9/11/2034
|
|
|
1,207,000
|
1,180,438
|
|
|
|
|
|
$4,050,726
|
|
Metals & Mining – 0.2%
|
||||
|
First Quantum Minerals Ltd., 8%, 3/01/2033 (n)
|
|
$
|
329,000
|
$344,779
|
|
Glencore Finance (Canada) Ltd., 5.55%, 10/25/2042 (n)
|
|
|
63,000
|
61,696
|
|
Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n)
|
|
|
1,119,000
|
1,163,153
|
|
Rio Tinto Finance (USA) PLC, 5%, 3/14/2032
|
|
|
175,000
|
177,340
|
|
Samarco Mineracao S.A., 9% (4% Cash + 5% PIK) to 12/30/2026, (5.5% Cash + 3.5% PIK)
to 12/30/2027, 9.25%
Cash to 12/30/2029, 9.5% Cash to 6/30/2031 (n)(p)
|
|
|
1,208,961
|
1,220,675
|
|
|
|
|
|
$2,967,643
|
|
Midstream – 0.6%
|
||||
|
Cheniere Energy Partners LP, 5.55%, 10/30/2035
|
|
$
|
767,000
|
$782,539
|
|
Cheniere Energy Partners LP, 5.35%, 11/30/2036 (n)(w)
|
|
|
444,000
|
444,036
|
|
Columbia Pipelines Holdings Co. LLC, 6.055%, 8/15/2026 (n)
|
|
|
313,000
|
313,605
|
|
Columbia Pipelines Operating Co. LLC, 6.497%, 8/15/2043 (n)
|
|
|
781,000
|
832,422
|
|
Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n)
|
|
|
263,000
|
279,957
|
|
Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054
|
|
|
1,216,000
|
1,162,024
|
|
Energy Transfer LP, 4%, 10/01/2027
|
|
|
600,000
|
597,432
|
|
Energy Transfer LP, 5.95%, 5/15/2054
|
|
|
900,000
|
868,743
|
|
Enterprise Products Operating LLC, 4.85%, 1/31/2034
|
|
|
958,000
|
956,573
|
|
Esentia Energy Development S.A.B. de C.V., 6.125%, 7/30/2033 (n)
|
|
|
830,000
|
828,755
|
|
Esentia Energy Development S.A.B. de C.V., 6.5%, 7/30/2038 (n)
|
|
|
696,000
|
687,648
|
|
Galaxy Pipeline Assets Bidco Ltd., 1.75%, 9/30/2027 (n)
|
|
|
376,116
|
366,800
|
|
Galaxy Pipeline Assets Bidco Ltd., 2.625%, 3/31/2036 (n)
|
|
|
597,000
|
522,348
|
|
Plains All American Pipeline LP, 5.95%, 6/15/2035
|
|
|
1,317,000
|
1,362,096
|
|
Plains All American Pipeline LP, 5.6%, 1/15/2036
|
|
|
485,000
|
488,754
|
|
Targa Resources Corp., 4.95%, 4/15/2052
|
|
|
1,424,000
|
1,226,044
|
|
|
|
|
|
$11,719,776
|
|
Mortgage-Backed – 6.5%
|
|
|||
|
Fannie Mae, 3%, 11/01/2028 - 9/01/2046
|
|
$
|
1,631,861
|
$1,529,178
|
|
Fannie Mae, 3.5%, 1/25/2030 - 12/01/2047
|
|
|
2,364,664
|
2,221,632
|
|
Fannie Mae, 2.5%, 11/01/2031 - 10/01/2046
|
|
|
714,478
|
649,230
|
|
Fannie Mae, 3.5%, 12/25/2031 - 2/25/2036 (i)
|
|
|
215,087
|
13,931
|
|
Fannie Mae, 6.5%, 1/01/2033 - 10/01/2037
|
|
|
27,396
|
28,657
|
|
Fannie Mae, 3%, 2/25/2033 (i)
|
|
|
305,133
|
19,244
|
|
Fannie Mae, 5.5%, 5/01/2033 - 5/01/2044
|
|
|
1,492,381
|
1,529,910
|
|
Fannie Mae, 5%, 11/01/2033 - 3/25/2042
|
|
|
1,985,203
|
2,002,836
|
|
Fannie Mae, 4.5%, 3/01/2034 - 11/25/2042
|
|
|
991,242
|
982,312
|
|
Fannie Mae, 4.177%, 4/25/2034 - 11/25/2046
|
|
|
749,268
|
742,133
|
|
Fannie Mae, 6%, 8/01/2034 - 6/01/2038
|
|
|
73,669
|
76,688
|
|
Fannie Mae, 4%, 9/01/2040 - 7/01/2043
|
|
|
2,699,276
|
2,606,407
|
|
Fannie Mae, 1%, 3/25/2041
|
|
|
193,340
|
170,272
|
|
Fannie Mae, 4.077%, 3/25/2041
|
|
|
26,894
|
26,801
|
|
Fannie Mae, 2.25%, 4/25/2041
|
|
|
310,720
|
299,402
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Mortgage-Backed – continued
|
|
|||
|
Fannie Mae, 4.227%, 7/25/2041
|
|
$
|
30,650
|
$30,438
|
|
Fannie Mae, 2%, 8/25/2044
|
|
|
150,546
|
140,752
|
|
Fannie Mae, 4.027%, 12/25/2045
|
|
|
75,941
|
74,950
|
|
Fannie Mae, 2%, 9/25/2050 (i)
|
|
|
271,659
|
35,661
|
|
Fannie Mae, 4%, 9/25/2050 (i)
|
|
|
396,905
|
76,000
|
|
Fannie Mae, 2.5%, 2/25/2051 (i)
|
|
|
175,540
|
24,274
|
|
Fannie Mae, 5.062%, 11/25/2053 - 11/25/2054
|
|
|
922,691
|
936,016
|
|
Fannie Mae, 5.612%, 11/25/2053
|
|
|
355,234
|
366,798
|
|
Fannie Mae, 4.512%, 12/25/2053
|
|
|
141,328
|
142,184
|
|
Fannie Mae, 6.612%, 7/25/2054
|
|
|
368,082
|
381,625
|
|
Fannie Mae, 4.762%, 10/25/2054
|
|
|
416,795
|
418,964
|
|
Fannie Mae, 4.962%, 11/25/2054
|
|
|
869,642
|
878,031
|
|
Fannie Mae, 4.612%, 12/25/2054
|
|
|
760,682
|
766,251
|
|
Fannie Mae, 5.012%, 12/25/2054
|
|
|
852,649
|
862,134
|
|
Fannie Mae, 5.112%, 12/25/2054
|
|
|
923,813
|
934,920
|
|
Fannie Mae, 4.912%, 1/25/2055
|
|
|
757,368
|
763,874
|
|
Fannie Mae, 6.052%, 3/25/2055
|
|
|
515,212
|
517,109
|
|
Fannie Mae, UMBS, 2.5%, 8/01/2036 - 9/01/2052
|
|
|
8,210,693
|
7,010,526
|
|
Fannie Mae, UMBS, 4.5%, 10/01/2037 - 9/01/2052
|
|
|
4,163,782
|
4,121,255
|
|
Fannie Mae, UMBS, 5.5%, 8/01/2038 - 5/01/2053
|
|
|
1,184,722
|
1,202,461
|
|
Fannie Mae, UMBS, 1.5%, 2/01/2042 - 9/01/2051
|
|
|
1,777,246
|
1,362,161
|
|
Fannie Mae, UMBS, 2%, 2/01/2042 - 2/01/2052
|
|
|
3,248,007
|
2,662,971
|
|
Fannie Mae, UMBS, 3.5%, 5/01/2049
|
|
|
332,081
|
308,818
|
|
Fannie Mae, UMBS, 3%, 8/01/2050 - 8/01/2052
|
|
|
3,692,817
|
3,242,943
|
|
Fannie Mae, UMBS, 4%, 8/01/2051 - 5/01/2052
|
|
|
662,001
|
627,299
|
|
Fannie Mae, UMBS, 5%, 8/01/2052 - 3/01/2053
|
|
|
1,973,887
|
1,953,888
|
|
Fannie Mae, UMBS, 6.5%, 6/01/2053 - 1/01/2054
|
|
|
493,508
|
513,016
|
|
Fannie Mae, UMBS, 6%, 9/01/2053 - 11/01/2054
|
|
|
2,388,579
|
2,450,559
|
|
Freddie Mac, 1.373%, 3/25/2027 (i)
|
|
|
2,188,000
|
19,557
|
|
Freddie Mac, 0.559%, 7/25/2027 (i)
|
|
|
42,080,328
|
196,439
|
|
Freddie Mac, 0.401%, 8/25/2027 (i)
|
|
|
31,278,624
|
134,833
|
|
Freddie Mac, 0.355%, 12/25/2027 (i)
|
|
|
200,119
|
1,033
|
|
Freddie Mac, 0.294%, 1/25/2028 (i)
|
|
|
56,926,353
|
245,125
|
|
Freddie Mac, 0.3%, 1/25/2028 (i)
|
|
|
23,884,552
|
104,220
|
|
Freddie Mac, 0.114%, 2/25/2028 (i)
|
|
|
70,016,701
|
156,753
|
|
Freddie Mac, 0.102%, 4/25/2028 (i)
|
|
|
46,877,470
|
112,506
|
|
Freddie Mac, 0.424%, 10/25/2028 (i)
|
|
|
6,090,045
|
59,056
|
|
Freddie Mac, 0.415%, 5/25/2029 (i)
|
|
|
6,532,760
|
76,363
|
|
Freddie Mac, 0.816%, 7/25/2029 (i)
|
|
|
4,906,286
|
117,387
|
|
Freddie Mac, 1.08%, 7/25/2029 (i)
|
|
|
7,773,339
|
229,411
|
|
Freddie Mac, 1.133%, 8/25/2029 (i)
|
|
|
13,739,405
|
439,554
|
|
Freddie Mac, 0.57%, 1/25/2030 (i)
|
|
|
2,645,208
|
50,422
|
|
Freddie Mac, 1.313%, 1/25/2030 (i)
|
|
|
4,029,327
|
167,197
|
|
Freddie Mac, 1.797%, 4/25/2030 (i)
|
|
|
3,344,437
|
210,535
|
|
Freddie Mac, 1.839%, 4/25/2030 (i)
|
|
|
8,166,315
|
522,343
|
|
Freddie Mac, 1.666%, 5/25/2030 (i)
|
|
|
4,373,949
|
267,127
|
|
Freddie Mac, 1.798%, 5/25/2030 (i)
|
|
|
9,928,903
|
639,125
|
|
Freddie Mac, 5.5%, 6/01/2030 - 9/01/2041
|
|
|
518,960
|
533,503
|
|
Freddie Mac, 1.107%, 6/25/2030 (i)
|
|
|
3,048,220
|
116,031
|
|
Freddie Mac, 1.34%, 6/25/2030 (i)
|
|
|
3,957,955
|
191,905
|
|
Freddie Mac, 1.597%, 8/25/2030 (i)
|
|
|
3,506,241
|
208,315
|
|
Freddie Mac, 1.168%, 9/25/2030 (i)
|
|
|
2,193,674
|
98,595
|
|
Freddie Mac, 0.316%, 1/25/2031 (i)
|
|
|
12,538,554
|
141,261
|
|
Freddie Mac, 0.779%, 1/25/2031 (i)
|
|
|
4,987,462
|
167,060
|
|
Freddie Mac, 0.356%, 2/25/2031 (i)
|
|
|
2,871,045
|
53,518
|
|
Freddie Mac, 1.215%, 7/25/2031 (i)
|
|
|
3,953,830
|
220,142
|
|
Freddie Mac, 0.854%, 9/25/2031 (i)
|
|
|
5,826,990
|
230,730
|
|
Freddie Mac, 0.32%, 6/25/2032 (i)
|
|
|
17,860,106
|
324,345
|
|
Freddie Mac, 4.107%, 10/15/2032
|
|
|
22,286
|
22,276
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Mortgage-Backed – continued
|
|
|||
|
Freddie Mac, 0.154%, 11/25/2032 (i)
|
|
$
|
11,453,817
|
$133,578
|
|
Freddie Mac, 0.266%, 5/25/2033 (i)
|
|
|
2,600,000
|
50,550
|
|
Freddie Mac, 3.5%, 8/15/2033 - 10/25/2058
|
|
|
2,812,033
|
2,667,978
|
|
Freddie Mac, 0.129%, 8/25/2033 (i)
|
|
|
12,475,897
|
141,751
|
|
Freddie Mac, 0.177%, 10/25/2033 (i)
|
|
|
11,781,459
|
179,335
|
|
Freddie Mac, 5%, 5/01/2034 - 12/01/2044
|
|
|
976,478
|
986,211
|
|
Freddie Mac, 6%, 8/01/2034 - 10/01/2038
|
|
|
317,549
|
329,296
|
|
Freddie Mac, 0.905%, 9/25/2034 (i)
|
|
|
1,508,629
|
98,778
|
|
Freddie Mac, 0.056%, 1/25/2035 (i)
|
|
|
17,854,931
|
153,535
|
|
Freddie Mac, 0.246%, 1/25/2035 (i)
|
|
|
6,569,974
|
141,921
|
|
Freddie Mac, 3.957%, 4/15/2035
|
|
|
12,258
|
12,182
|
|
Freddie Mac, 5.5%, 2/15/2036 (i)
|
|
|
90,407
|
13,611
|
|
Freddie Mac, 6.5%, 5/01/2037
|
|
|
3,348
|
3,502
|
|
Freddie Mac, 4%, 8/01/2037 - 4/15/2044
|
|
|
1,393,131
|
1,359,639
|
|
Freddie Mac, 4.457%, 5/15/2039
|
|
|
25,550
|
25,572
|
|
Freddie Mac, 4.5%, 7/01/2039 - 5/01/2042
|
|
|
554,780
|
549,754
|
|
Freddie Mac, 3%, 7/15/2039 - 10/01/2046
|
|
|
2,393,489
|
2,174,316
|
|
Freddie Mac, 4.5%, 12/15/2040 (i)
|
|
|
12,069
|
1,105
|
|
Freddie Mac, 4.157%, 8/15/2046
|
|
|
40,505
|
40,038
|
|
Freddie Mac, 2.5%, 11/25/2050 - 3/25/2051 (i)
|
|
|
1,459,554
|
235,661
|
|
Freddie Mac, 3%, 10/25/2052 (i)
|
|
|
160,827
|
25,776
|
|
Freddie Mac, 4.812%, 9/25/2053
|
|
|
877,262
|
887,614
|
|
Freddie Mac, 5.062%, 10/25/2053
|
|
|
669,982
|
684,561
|
|
Freddie Mac, 5.842%, 12/25/2053
|
|
|
478,348
|
479,945
|
|
Freddie Mac, 4.912%, 1/25/2054 - 12/25/2054
|
|
|
893,532
|
903,402
|
|
Freddie Mac, 4.712%, 9/25/2054
|
|
|
737,115
|
743,373
|
|
Freddie Mac, 5.112%, 12/25/2054
|
|
|
1,060,752
|
1,073,887
|
|
Freddie Mac, 6.062%, 1/25/2055
|
|
|
313,041
|
315,998
|
|
Freddie Mac, 7.562%, 9/25/2055
|
|
|
90,017
|
93,561
|
|
Freddie Mac, 2.343%, 8/15/2057 (i)
|
|
|
283,481
|
34,589
|
|
Freddie Mac, 3.25%, 11/25/2061
|
|
|
693,707
|
640,973
|
|
Freddie Mac, UMBS, 2.5%, 3/01/2037 - 9/01/2052
|
|
|
1,732,796
|
1,484,391
|
|
Freddie Mac, UMBS, 2%, 2/01/2042 - 2/01/2052
|
|
|
3,660,829
|
2,984,302
|
|
Freddie Mac, UMBS, 3%, 3/01/2047 - 9/01/2052
|
|
|
2,404,383
|
2,136,342
|
|
Freddie Mac, UMBS, 1.5%, 11/01/2051
|
|
|
33,144
|
25,329
|
|
Freddie Mac, UMBS, 3.5%, 5/01/2052
|
|
|
118,647
|
108,964
|
|
Freddie Mac, UMBS, 4%, 5/01/2052
|
|
|
540,157
|
510,297
|
|
Freddie Mac, UMBS, 6%, 10/01/2052 - 7/01/2054
|
|
|
1,315,110
|
1,343,797
|
|
Freddie Mac, UMBS, 5.5%, 12/01/2052 - 4/01/2053
|
|
|
682,647
|
691,949
|
|
Freddie Mac, UMBS, 6.5%, 11/01/2054
|
|
|
345,765
|
361,372
|
|
Freddie Mac, UMBS, 5%, 3/01/2056
|
|
|
900,000
|
885,896
|
|
Ginnie Mae, 3.5%, 8/20/2029 - 1/20/2043 (i)
|
|
|
835,396
|
104,840
|
|
Ginnie Mae, 5.5%, 5/15/2033 - 2/20/2053
|
|
|
2,382,016
|
2,412,327
|
|
Ginnie Mae, 4.5%, 7/20/2033 - 9/20/2052
|
|
|
4,234,970
|
4,136,938
|
|
Ginnie Mae, 5.649%, 8/20/2034
|
|
|
177,493
|
179,877
|
|
Ginnie Mae, 4%, 5/16/2039 - 7/20/2052
|
|
|
849,342
|
812,778
|
|
Ginnie Mae, 5%, 8/20/2039 - 1/20/2053
|
|
|
931,146
|
929,240
|
|
Ginnie Mae, 4%, 12/20/2039 - 8/16/2042 (i)
|
|
|
261,318
|
35,011
|
|
Ginnie Mae, 3.817%, 9/20/2041
|
|
|
930,242
|
904,573
|
|
Ginnie Mae, 3.5%, 12/15/2041 - 4/20/2047
|
|
|
2,103,692
|
1,972,459
|
|
Ginnie Mae, 2.5%, 6/20/2042 - 11/20/2051
|
|
|
3,240,777
|
2,780,866
|
|
Ginnie Mae, 3%, 4/20/2045 - 9/20/2047
|
|
|
1,544,547
|
1,391,374
|
|
Ginnie Mae, 2.5%, 2/20/2051 (i)
|
|
|
326,926
|
44,089
|
|
Ginnie Mae, 2%, 3/20/2052
|
|
|
147,610
|
121,132
|
|
Ginnie Mae, 4.625%, 8/20/2053 - 12/20/2064
|
|
|
2,159,326
|
2,168,629
|
|
Ginnie Mae, 4.875%, 8/20/2053 - 4/20/2055
|
|
|
1,226,917
|
1,236,611
|
|
Ginnie Mae, 4.975%, 9/20/2053 - 10/20/2053
|
|
|
1,749,650
|
1,773,335
|
|
Ginnie Mae, 5.025%, 9/20/2053
|
|
|
946,305
|
961,361
|
|
Ginnie Mae, 4.925%, 10/20/2053
|
|
|
883,356
|
895,297
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Mortgage-Backed – continued
|
|
|||
|
Ginnie Mae, 4.275%, 11/20/2053
|
|
$
|
634,986
|
$634,564
|
|
Ginnie Mae, 4.725%, 11/20/2053 - 2/20/2054
|
|
|
2,362,779
|
2,385,327
|
|
Ginnie Mae, 4.825%, 12/20/2053 - 4/20/2064
|
|
|
3,776,933
|
3,807,118
|
|
Ginnie Mae, 4.675%, 2/20/2054 - 10/20/2054
|
|
|
1,304,462
|
1,312,054
|
|
Ginnie Mae, 4.575%, 3/20/2054
|
|
|
167,482
|
168,289
|
|
Ginnie Mae, 7.575%, 5/20/2055
|
|
|
190,697
|
195,282
|
|
Ginnie Mae, 6.137%, 6/20/2055
|
|
|
535,609
|
538,150
|
|
Ginnie Mae, 6.212%, 6/20/2055
|
|
|
270,148
|
259,483
|
|
Ginnie Mae, 1.725%, 7/20/2055 (i)
|
|
|
349,961
|
16,747
|
|
Ginnie Mae, 6%, 11/20/2055
|
|
|
371,247
|
380,714
|
|
Ginnie Mae, 4.355%, 2/20/2056
|
|
|
284,548
|
284,442
|
|
Ginnie Mae, 2.09%, 12/20/2062 (i)
|
|
|
471,044
|
21,117
|
|
Ginnie Mae, 4.775%, 3/20/2064
|
|
|
139,574
|
140,857
|
|
Ginnie Mae, 4.455%, 7/20/2064
|
|
|
70,739
|
70,916
|
|
Ginnie Mae, 4.425%, 8/20/2065 - 2/20/2066
|
|
|
1,277,627
|
1,273,102
|
|
Ginnie Mae, 4.475%, 9/20/2065
|
|
|
624,597
|
625,410
|
|
Ginnie Mae, 4.525%, 10/20/2066
|
|
|
93,319
|
93,672
|
|
Ginnie Mae, 4.545%, 10/20/2066
|
|
|
206,438
|
207,357
|
|
Ginnie Mae, 4.541%, 1/20/2067
|
|
|
209,857
|
210,910
|
|
Ginnie Mae, 4.391%, 2/20/2067
|
|
|
173,758
|
174,283
|
|
Ginnie Mae, 4.505%, 3/20/2067
|
|
|
399,285
|
400,675
|
|
Ginnie Mae, 4.075%, 5/20/2067
|
|
|
820,916
|
820,704
|
|
Ginnie Mae, 5.281%, 7/20/2067
|
|
|
480,302
|
484,182
|
|
Ginnie Mae, 4.225%, 11/20/2067
|
|
|
143,839
|
143,573
|
|
Ginnie Mae, 4.298%, 4/20/2068
|
|
|
745,743
|
746,711
|
|
UMBS, TBA, 5.5%, 6/11/2056
|
|
|
2,500,000
|
2,511,034
|
|
|
|
|
|
$118,243,219
|
|
Municipals – 0.1%
|
||||
|
Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable,
“B”, 2.746%, 6/01/2034
|
|
$
|
560,000
|
$494,154
|
|
Kentucky Higher Education Student Loan Corp. Rev., Taxable, “A-2”, 6.195%, 6/01/2040
|
|
|
830,000
|
853,470
|
|
New Hampshire National Finance Authority, Utility Refunding Rev., Taxable (Wheeling
Power Co. Project), “A”,
6.89%, 4/01/2034
|
|
|
630,000
|
666,402
|
|
|
|
|
|
$2,014,026
|
|
Natural Gas - Distribution – 0.1%
|
||||
|
Boston Gas Co., 5.843%, 1/10/2035 (n)
|
|
$
|
1,063,000
|
$1,111,098
|
|
Network & Telecom – 0.1%
|
||||
|
NTT Finance Corp., 5.171%, 7/16/2032 (n)
|
|
$
|
1,059,000
|
$1,064,630
|
|
Non-Global Systemically Important Banks – 1.6%
|
||||
|
AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n)
|
|
$
|
1,421,000
|
$1,481,229
|
|
Banco de Crédito del Perú, 6.45% to 7/30/2030, FLR (CMT - 5yr. + 2.486%) to 7/30/2035 (n)
|
|
|
829,000
|
850,968
|
|
Banco Internacional del Peru S.A.A. (Interbank), 4.8%, 7/15/2031 (n)
|
|
|
915,000
|
898,658
|
|
Banco Santander Chile, 4.55%, 11/20/2030 (n)
|
|
|
725,000
|
715,938
|
|
Bangkok Bank Public Co. Ltd. (Hong Kong), 4.507%, 11/26/2030 (n)
|
|
|
1,132,000
|
1,120,515
|
|
Bangkok Bank Public Co. Ltd. (Hong Kong), 3.733% to 9/25/2029, FLR (CMT - 5yr. + 1.9%)
to 9/25/2034
|
|
|
1,222,000
|
1,165,952
|
|
Bank Hapoalim B.M., 4.722%, 7/14/2029 (n)
|
|
|
1,229,000
|
1,215,877
|
|
Bank Hapoalim B.M., 5.252%, 1/14/2033 (n)
|
|
|
685,000
|
683,299
|
|
BBVA Bancomer S.A. (Texas), 8.125%, 1/08/2039 (n)
|
|
|
476,000
|
510,977
|
|
BBVA Mexico S.A. (CoCo), 8.45% to 6/29/2033, FLR (CMT - 5yr. + 4.661%) to 6/29/2038 (n)
|
|
|
362,000
|
393,029
|
|
BBVA Mexico S.A. Institucion de Banca Multiple Grupo, 5.4%, 6/03/2031 (n)(w)
|
|
|
832,000
|
832,691
|
|
BBVA Mexico S.A. Institucion de Banca Multiple Grupo, 7.625%, 2/11/2035 (n)
|
|
|
485,000
|
503,066
|
|
CaixaBank S.A., 6.84% to 9/13/2033, FLR (SOFR - 1 day + 2.77%) to 9/13/2034 (n)
|
|
|
1,234,000
|
1,347,674
|
|
Commonwealth Bank of Australia, 3.61% to 9/12/2029, FLR (CMT - 1yr. + 2.05%) to 9/12/2034 (n)
|
|
|
818,000
|
785,054
|
|
Commonwealth Bank of Australia, 3.305%, 3/11/2041 (n)
|
|
|
1,351,000
|
1,039,194
|
|
Deutsche Bank AG, 5.706% to 2/08/2027, FLR (SOFR - 1 day + 1.594%) to 2/08/2028
|
|
|
1,091,000
|
1,100,165
|
|
Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029
|
|
|
1,059,000
|
1,070,850
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Non-Global Systemically Important Banks – continued
|
||||
|
Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031
|
|
$
|
484,000
|
$482,757
|
|
Industrial Subordinated Trust 2.0, 6.55% to 4/15/2031, FLR (CMT - 5yr. + 2.864%) to 4/15/2036 (n)
|
|
|
809,000
|
819,922
|
|
Intesa Sanpaolo S.p.A., 7.2%, 11/28/2033 (n)
|
|
|
929,000
|
1,047,563
|
|
M&T Bank Corp., 7.413% to 10/30/2028, FLR (SOFR - 1 day + 2.80%) to 10/30/2029
|
|
|
269,000
|
285,704
|
|
M&T Bank Corp., 5.053% to 1/27/2033, FLR (SOFR - 1 day + 1.850%) to 1/27/2034
|
|
|
494,000
|
491,228
|
|
Manufacturers and Traders Trust Co., 4.7%, 1/27/2028
|
|
|
588,000
|
590,293
|
|
Mizrahi Tefahot Bank Ltd., 5.837%, 4/15/2036 (n)
|
|
|
757,000
|
766,232
|
|
National Australia Bank Ltd., 3.347% to 1/12/2032, FLR (CMT - 5yr. + 1.7%) to 1/12/2037 (n)
|
|
|
1,931,000
|
1,751,669
|
|
Nationwide Building Society, 4.351%, 9/30/2030 (n)
|
|
|
819,000
|
806,883
|
|
NBK SPC Ltd. (State of Kuwait), 5.5% to 6/06/2029, FLR (SOFR - 1 day + 1.16%) to 6/06/2030 (n)
|
|
|
426,000
|
433,981
|
|
Nordea Bank Abp, 1.5%, 9/30/2026 (n)
|
|
|
1,837,000
|
1,821,634
|
|
Pinnacle Financial Partners, Inc., 5.596% to 5/19/2031, FLR (SOFR - 1 day + 1.7%)
to 5/19/2032
|
|
|
1,561,000
|
1,568,866
|
|
PNC Financial Services Group, Inc., 5.3% to 1/21/2027, FLR (SOFR - 1 day + 1.342%)
to 1/21/2028
|
|
|
686,000
|
689,977
|
|
PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%)
to 1/22/2035
|
|
|
698,000
|
720,785
|
|
PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%)
to 1/29/2036
|
|
|
292,000
|
299,376
|
|
UniCredit S.p.A., 1.982% to 6/03/2026, FLR (CMT - 1yr. + 1.2%) to 6/03/2027 (n)
|
|
|
817,000
|
816,886
|
|
|
|
|
|
$29,108,892
|
|
Pharmaceuticals & Biotechnology – 0.4%
|
||||
|
AbbVie, Inc., 4.75%, 3/15/2036
|
|
$
|
448,000
|
$439,070
|
|
AbbVie, Inc., 5.35%, 3/15/2044
|
|
|
1,232,000
|
1,206,110
|
|
AbbVie, Inc., 5.4%, 3/15/2054
|
|
|
468,000
|
450,932
|
|
Biocon Biologics Global PLC, 6.67%, 10/09/2029 (n)
|
|
|
751,000
|
758,123
|
|
Eli Lilly & Co., 4.7%, 2/09/2034
|
|
|
1,560,000
|
1,554,919
|
|
Eli Lilly & Co., 5.5%, 2/12/2055
|
|
|
272,000
|
269,891
|
|
Merck & Co., Inc., 4.75%, 12/04/2035
|
|
|
901,000
|
884,439
|
|
Pfizer Investment Enterprises Pte. Ltd., 5.3%, 5/19/2053
|
|
|
324,000
|
304,095
|
|
Pfizer, Inc., 2.55%, 5/28/2040
|
|
|
826,000
|
601,945
|
|
|
|
|
|
$6,469,524
|
|
Pollution Control – 0.0%
|
||||
|
Ambipar Lux S.à r.l., 10.875%, 2/05/2033 (a)(d)(z)
|
|
$
|
488,000
|
$111,020
|
|
Railroads – 0.1%
|
||||
|
Burlington Northern Santa Fe LLC, 5.2%, 4/15/2054
|
|
$
|
1,172,000
|
$1,089,832
|
|
Burlington Northern Santa Fe LLC, 5.5%, 3/15/2055
|
|
|
538,000
|
523,134
|
|
Canadian Pacific Railway Co., 3.1%, 12/02/2051
|
|
|
1,543,000
|
1,007,958
|
|
|
|
|
|
$2,620,924
|
|
Real Estate - Apartment – 0.1%
|
||||
|
American Homes 4 Rent LP, REIT, 5.25%, 3/15/2035
|
|
$
|
1,401,000
|
$1,395,085
|
|
Real Estate - Other – 0.0%
|
||||
|
Prologis LP, REIT, 5.125%, 1/15/2034
|
|
$
|
661,000
|
$668,282
|
|
Real Estate - Retail – 0.2%
|
||||
|
NNN REIT, Inc., 5.6%, 10/15/2033
|
|
$
|
745,000
|
$767,444
|
|
Realty Income Corp., REIT, 5.375%, 9/01/2054
|
|
|
1,145,000
|
1,105,212
|
|
STORE Capital Corp., REIT, 4.625%, 3/15/2029
|
|
|
325,000
|
322,067
|
|
STORE Capital Corp., REIT, 2.75%, 11/18/2030
|
|
|
1,205,000
|
1,087,113
|
|
|
|
|
|
$3,281,836
|
|
Real Estate - Storage & Office – 0.1%
|
||||
|
Boston Properties LP, REIT, 2.75%, 10/01/2026
|
|
$
|
637,000
|
$634,218
|
|
COPT Defense Properties, REIT, 2%, 1/15/2029
|
|
|
641,000
|
599,914
|
|
COPT Defense Properties, REIT, 2.75%, 4/15/2031
|
|
|
363,000
|
329,360
|
|
Highwoods Realty LP, 5.35%, 1/15/2033
|
|
|
1,139,000
|
1,133,547
|
|
|
|
|
|
$2,697,039
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Refining – 0.0%
|
||||
|
Raizen Fuels Finance S.A., 6.25%, 7/08/2032 (a)(n)
|
|
$
|
1,517,000
|
$868,482
|
|
Retail & E-commerce – 0.2%
|
||||
|
Alimentation Couche-Tard, Inc., 3.8%, 1/25/2050 (n)
|
|
$
|
817,000
|
$603,149
|
|
Amazon.com, Inc., 5.65%, 3/13/2046
|
|
|
1,113,000
|
1,111,510
|
|
DICK'S Sporting Goods, 4.1%, 1/15/2052
|
|
|
967,000
|
698,785
|
|
Home Depot, Inc., 3.9%, 6/15/2047
|
|
|
1,234,000
|
963,105
|
|
|
|
|
|
$3,376,549
|
|
Semiconductor & Electronic Components – 0.2%
|
||||
|
Broadcom, Inc., 5.05%, 7/12/2029
|
|
$
|
502,000
|
$510,757
|
|
Broadcom, Inc., 5.2%, 7/15/2035
|
|
|
771,000
|
775,616
|
|
Broadcom, Inc., 4.8%, 2/15/2036
|
|
|
576,000
|
560,781
|
|
Broadcom, Inc., 5.7%, 1/15/2056
|
|
|
605,000
|
603,677
|
|
Intel Corp., 5.7%, 2/10/2053
|
|
|
488,000
|
463,744
|
|
|
|
|
|
$2,914,575
|
|
Software – 0.4%
|
||||
|
Kaspi.kz JSC, 6.25%, 3/26/2030 (n)
|
|
$
|
1,064,000
|
$1,077,181
|
|
Microsoft Corp., 2.525%, 6/01/2050
|
|
|
1,429,000
|
860,894
|
|
Microsoft Corp., 2.5%, 9/15/2050
|
|
|
1,594,000
|
950,709
|
|
Oracle Corp., 4.95%, 2/04/2031
|
|
|
726,000
|
713,909
|
|
Oracle Corp., 4.8%, 9/26/2032
|
|
|
273,000
|
262,329
|
|
Oracle Corp., 5.35%, 5/04/2033
|
|
|
929,000
|
914,399
|
|
Oracle Corp., 5.7%, 2/04/2036
|
|
|
576,000
|
565,905
|
|
Oracle Corp., 4%, 7/15/2046
|
|
|
598,000
|
415,957
|
|
Salesforce, Inc., 4.9%, 9/15/2031
|
|
|
579,000
|
579,318
|
|
Salesforce, Inc., 5.55%, 3/15/2036
|
|
|
668,000
|
672,780
|
|
|
|
|
|
$7,013,381
|
|
Supermarkets – 0.0%
|
||||
|
Kroger Co., 5.5%, 9/15/2054
|
|
$
|
384,000
|
$360,852
|
|
Supranational – 0.1%
|
||||
|
African Development Bank, 5.875% to 8/07/2035, FLR (CMT - 5yr. + 1.653%) to 12/31/2164
|
|
$
|
821,000
|
$804,528
|
|
Corporación Andina de Fomento, 6.75%, 12/31/2164 (n)
|
|
|
613,000
|
634,639
|
|
|
|
|
|
$1,439,167
|
|
Telecommunications - Wireless – 0.4%
|
||||
|
American Tower Corp., 5.2%, 2/15/2029
|
|
$
|
541,000
|
$549,688
|
|
American Tower Corp., 5.45%, 2/15/2034
|
|
|
905,000
|
923,298
|
|
American Tower Corp., 3.7%, 10/15/2049
|
|
|
325,000
|
238,223
|
|
Cellnex Finance Co. S.A., 3.875%, 7/07/2041 (n)
|
|
|
1,215,000
|
950,227
|
|
Crown Castle, Inc., REIT, 3.7%, 6/15/2026
|
|
|
544,000
|
543,783
|
|
HTA Group Ltd./Mauritius, 6.75%, 4/01/2031 (n)
|
|
|
453,000
|
460,099
|
|
Rogers Communications, Inc., 4.5%, 3/15/2042
|
|
|
779,000
|
664,406
|
|
T-Mobile USA, Inc., 5.05%, 7/15/2033
|
|
|
701,000
|
705,583
|
|
T-Mobile USA, Inc., 5.75%, 1/15/2054
|
|
|
427,000
|
413,563
|
|
Veon Midco B.V., 6.95%, 6/01/2031 (n)(w)
|
|
|
434,000
|
433,959
|
|
Veon Midco B.V., 7.45%, 6/01/2033 (n)(w)
|
|
|
311,000
|
311,257
|
|
Vodafone Group PLC, 5.625%, 2/10/2053
|
|
|
952,000
|
899,961
|
|
|
|
|
|
$7,094,047
|
|
Tobacco – 0.1%
|
||||
|
B.A.T. Capital Corp., 6.343%, 8/02/2030
|
|
$
|
811,000
|
$860,339
|
|
Japan Tobacco, Inc., 5.25%, 6/15/2030 (n)
|
|
|
1,013,000
|
1,036,201
|
|
|
|
|
|
$1,896,540
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Transportation & Logistics – 0.3%
|
||||
|
Adani Ports & Special Economic Zone Ltd., 5%, 8/02/2041 (n)
|
|
$
|
865,000
|
$768,310
|
|
Aeropuertos Dominicanos Siglo XXI S.A., 7%, 6/30/2034 (n)
|
|
|
632,000
|
655,485
|
|
Corporación Quiport S.A. (Republic of Ecuador), 9%, 12/15/2037 (n)
|
|
|
323,000
|
351,210
|
|
Element Fleet Management Corp., 6.319%, 12/04/2028 (n)
|
|
|
1,366,000
|
1,418,436
|
|
ERAC USA Finance LLC, 4.7%, 4/30/2031 (n)
|
|
|
666,000
|
663,950
|
|
ERAC USA Finance LLC, 5.25%, 4/30/2036 (n)
|
|
|
494,000
|
493,758
|
|
IRB Infrastructure Developers Ltd., 7.11%, 3/11/2032 (n)
|
|
|
751,000
|
767,842
|
|
Kingston Airport Revenue Ltd., 6.75%, 12/15/2036 (n)
|
|
|
447,000
|
451,475
|
|
Montego Bay Airport Revenue Finance Ltd., 6.6%, 6/15/2035 (n)
|
|
|
543,000
|
538,428
|
|
|
|
|
|
$6,108,894
|
|
Travel, Gaming, & Lodging – 0.4%
|
||||
|
Flutter Treasury DAC, 6.375%, 4/29/2029 (n)
|
|
$
|
709,000
|
$719,402
|
|
Flutter Treasury DAC, 5.875%, 6/04/2031 (n)
|
|
|
1,257,000
|
1,242,387
|
|
Las Vegas Sands Corp., 5.9%, 6/01/2027
|
|
|
297,000
|
300,601
|
|
Las Vegas Sands Corp., 5.3%, 5/15/2031
|
|
|
329,000
|
329,227
|
|
Las Vegas Sands Corp., 6.2%, 8/15/2034
|
|
|
594,000
|
614,372
|
|
Marriott International, Inc., 2.85%, 4/15/2031
|
|
|
646,000
|
593,178
|
|
Marriott International, Inc., 3.5%, 10/15/2032
|
|
|
347,000
|
320,178
|
|
Sands China Ltd., 2.85%, 3/08/2029
|
|
|
1,094,000
|
1,041,744
|
|
VICI Properties LP/VICI Note Co., Inc., 4.25%, 12/01/2026 (n)
|
|
|
688,000
|
686,988
|
|
Wynn Macau Ltd., 6.75%, 2/15/2034 (n)
|
|
|
707,000
|
708,764
|
|
|
|
|
|
$6,556,841
|
|
U.S. Government Agencies and Equivalents – 0.0%
|
||||
|
Small Business Administration, 5.16%, 2/01/2028
|
|
$
|
4,555
|
$4,570
|
|
Small Business Administration, 2.21%, 2/01/2033
|
|
|
46,090
|
43,191
|
|
Small Business Administration, 2.22%, 3/01/2033
|
|
|
81,951
|
76,456
|
|
Small Business Administration, 3.15%, 7/01/2033
|
|
|
92,129
|
88,333
|
|
Small Business Administration, 3.16%, 8/01/2033
|
|
|
115,687
|
110,490
|
|
Small Business Administration, 3.62%, 9/01/2033
|
|
|
77,646
|
75,435
|
|
|
|
|
|
$398,475
|
|
U.S. Treasury Obligations – 4.1%
|
||||
|
U.S. Treasury Bonds, 6.375%, 8/15/2027
|
|
$
|
106,000
|
$109,039
|
|
U.S. Treasury Bonds, 2.375%, 2/15/2042
|
|
|
5,989,000
|
4,344,832
|
|
U.S. Treasury Bonds, 3.25%, 5/15/2042
|
|
|
1,714,000
|
1,404,810
|
|
U.S. Treasury Bonds, 2.875%, 5/15/2043
|
|
|
6,853,400
|
5,229,465
|
|
U.S. Treasury Bonds, 4.75%, 11/15/2043
|
|
|
2,027,000
|
1,985,035
|
|
U.S. Treasury Bonds, 4.75%, 2/15/2045
|
|
|
5,301,000
|
5,161,642
|
|
U.S. Treasury Bonds, 5%, 5/15/2045
|
|
|
2,193,000
|
2,201,823
|
|
U.S. Treasury Bonds, 4.875%, 8/15/2045
|
|
|
402,000
|
396,959
|
|
U.S. Treasury Bonds, 4.625%, 2/15/2046
|
|
|
547,000
|
522,385
|
|
U.S. Treasury Bonds, 2.875%, 11/15/2046 (f)
|
|
|
2,136,000
|
1,548,850
|
|
U.S. Treasury Bonds, 4.75%, 2/15/2056
|
|
|
545,000
|
525,244
|
|
U.S. Treasury Bonds, 5%, 5/15/2056
|
|
|
2,538,000
|
2,545,535
|
|
U.S. Treasury Notes, 3.5%, 10/31/2027
|
|
|
1,201,000
|
1,193,259
|
|
U.S. Treasury Notes, 3.625%, 3/31/2028 (f)
|
|
|
8,375,000
|
8,319,385
|
|
U.S. Treasury Notes, 2.375%, 5/15/2029
|
|
|
6,034,500
|
5,755,404
|
|
U.S. Treasury Notes, 4.5%, 5/31/2029
|
|
|
2,740,000
|
2,773,501
|
|
U.S. Treasury Notes, 3.875%, 9/30/2029
|
|
|
4,658,000
|
4,628,706
|
|
U.S. Treasury Notes, 4.625%, 4/30/2031
|
|
|
2,748,000
|
2,805,536
|
|
U.S. Treasury Notes, 1.625%, 5/15/2031
|
|
|
4,940,000
|
4,385,794
|
|
U.S. Treasury Notes, 1.875%, 2/15/2032
|
|
|
7,500,000
|
6,618,164
|
|
U.S. Treasury Notes, 2.75%, 8/15/2032 (f)
|
|
|
7,333,000
|
6,740,345
|
|
U.S. Treasury Notes, 4.25%, 8/15/2035
|
|
|
1,464,000
|
1,445,986
|
|
U.S. Treasury Notes, TIPS, 1.25%, 4/15/2031
|
|
|
4,388,403
|
4,317,247
|
|
|
|
|
|
$74,958,946
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Utilities – 1.6%
|
||||
|
Adani Electricity Mumbai Ltd., 3.867%, 7/22/2031 (n)
|
|
$
|
1,362,000
|
$1,256,041
|
|
Adani Transmission Step-One Ltd., 4.25%, 5/21/2036 (n)
|
|
|
1,984,375
|
1,806,786
|
|
AEP Texas, Inc., 5.7%, 5/15/2034
|
|
|
1,043,000
|
1,078,310
|
|
AEP Transmission Co. LLC, 5.375%, 6/15/2035
|
|
|
384,000
|
391,102
|
|
AEP Transmission Co. LLC, 5.4%, 3/15/2053
|
|
|
1,016,000
|
970,403
|
|
AES Andes S.A., 6.25%, 3/14/2032 (n)
|
|
|
456,000
|
468,211
|
|
AES Andes S.A., 8.15% to 6/10/2030, FLR (CMT - 5yr. + 3.835%) to 6/10/2035, FLR (CMT
- 5yr. + 4.085%) to
6/10/2050, FLR (CMT - 5yr. + 4.835%) to 6/10/2055 (n)
|
|
|
434,000
|
454,489
|
|
Alfa Desarrollo S.p.A., 4.55%, 9/27/2051 (n)
|
|
|
1,011,272
|
796,986
|
|
Algonquin Power & Utilities Corp., 5.365%, 6/15/2026
|
|
|
475,000
|
475,021
|
|
American Transmission Systems, Inc., 2.65%, 1/15/2032 (n)
|
|
|
305,000
|
272,614
|
|
Berkshire Hathaway Energy Co., 5.15%, 11/15/2043
|
|
|
292,000
|
277,392
|
|
Berkshire Hathaway Energy Co., 4.6%, 5/01/2053
|
|
|
300,000
|
250,558
|
|
CFE FIBRA E Banco Citi Mexico S.A., 5.875%, 9/23/2040 (n)
|
|
|
726,534
|
706,772
|
|
Colbun S.A., 5.375%, 9/11/2035 (n)
|
|
|
856,000
|
843,602
|
|
Cox Asset Mexico S.A. de C.V., 7.125%, 1/08/2032 (n)
|
|
|
612,000
|
622,710
|
|
Cox Asset Mexico S.A. de C.V., 7.75%, 5/08/2036 (n)
|
|
|
440,000
|
453,200
|
|
Duke Energy Carolinas LLC, 2.85%, 3/15/2032
|
|
|
695,000
|
632,691
|
|
Duke Energy Florida LLC, 3.4%, 10/01/2046
|
|
|
388,000
|
280,214
|
|
Duke Energy Florida LLC, 6.2%, 11/15/2053
|
|
|
791,000
|
836,771
|
|
Enel Finance International N.V., 7.75%, 10/14/2052 (n)
|
|
|
1,023,000
|
1,225,193
|
|
Energuate Trust, 6.35%, 9/15/2035 (n)
|
|
|
795,000
|
792,581
|
|
Eversource Energy, 4.45%, 12/15/2030
|
|
|
413,000
|
406,595
|
|
Eversource Energy, 5.5%, 1/01/2034
|
|
|
541,000
|
550,661
|
|
FirstEnergy Corp., 2.65%, 3/01/2030
|
|
|
932,000
|
863,690
|
|
Florida Power & Light Co., 3.95%, 3/01/2048
|
|
|
1,811,000
|
1,428,242
|
|
Georgia Power Co., 4.7%, 5/15/2032
|
|
|
434,000
|
434,433
|
|
Georgia Power Co., 5.125%, 5/15/2052
|
|
|
759,000
|
702,388
|
|
Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n)
|
|
|
1,114,000
|
999,269
|
|
MidAmerican Energy Co., 5.85%, 9/15/2054
|
|
|
806,000
|
817,926
|
|
NextEra Energy Capital Holdings, Inc., 2.44%, 1/15/2032
|
|
|
586,000
|
518,416
|
|
Northern States Power Co. of Minnesota, 5.05%, 5/15/2035
|
|
|
705,000
|
708,489
|
|
Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035
|
|
|
673,000
|
688,401
|
|
Pacific Gas & Electric Co., 2.5%, 2/01/2031
|
|
|
274,000
|
245,964
|
|
Pacific Gas & Electric Co., 4%, 12/01/2046
|
|
|
503,000
|
374,731
|
|
PSEG Power LLC, 5.2%, 5/15/2030 (n)
|
|
|
863,000
|
875,594
|
|
PSEG Power LLC, 5.75%, 5/15/2035 (n)
|
|
|
670,000
|
684,923
|
|
Public Service Electric & Gas Co., 5.5%, 3/01/2055
|
|
|
518,000
|
504,003
|
|
Saavi Energia S.à r.l., 8.875%, 2/10/2035 (n)
|
|
|
595,000
|
646,099
|
|
Sociedad Transmisora Metropolitana S.p.A., 6.385%, 12/15/2055 (n)
|
|
|
519,000
|
526,007
|
|
Southern California Edison Co., 4.5%, 9/01/2040
|
|
|
289,000
|
248,753
|
|
Termocandelaria Power S.A., 7.75%, 9/17/2031 (n)
|
|
|
365,000
|
374,727
|
|
Vistra Operations Co. LLC, 4.7%, 1/31/2031 (n)
|
|
|
851,000
|
836,165
|
|
Vistra Operations Co. LLC, 5.35%, 1/31/2036 (n)
|
|
|
851,000
|
832,134
|
|
Xcel Energy, Inc., 4.6%, 6/01/2032
|
|
|
646,000
|
635,412
|
|
|
|
|
|
$29,794,669
|
|
Utilities - Gas – 0.2%
|
||||
|
APA Infrastructure Ltd., 5%, 3/23/2035 (n)
|
|
$
|
307,000
|
$300,416
|
|
APA Infrastructure Ltd., 5.75%, 9/16/2044 (n)
|
|
|
1,083,000
|
1,068,618
|
|
Spire, Inc., 4.6%, 9/01/2031
|
|
|
1,279,000
|
1,263,964
|
|
Spire, Inc., 6.25%, 6/01/2056
|
|
|
913,000
|
912,307
|
|
|
|
|
|
$3,545,305
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Utilities - Other – 0.1%
|
||||
|
Aegea Finance S.à r.l., 7.625%, 1/20/2036 (n)
|
|
$
|
693,000
|
$578,309
|
|
National Central Cooling Co. PJSC, 2.5%, 10/21/2027
|
|
|
957,000
|
927,092
|
|
Nova Securitisation S.à r.l., 5.75%, 2/03/2031 (n)
|
|
|
616,000
|
593,569
|
|
|
|
|
|
$2,098,970
|
|
Total Bonds
|
|
$736,284,556
|
||
|
Common Stocks – 35.2%
|
||||
|
Aerospace & Defense – 0.5%
|
|
|||
|
General Dynamics Corp.
|
|
14,663
|
$5,085,422
|
|
|
Leidos Holdings, Inc.
|
|
23,877
|
3,051,480
|
|
|
|
|
|
|
$8,136,902
|
|
Alcoholic Beverages – 0.6%
|
|
|||
|
Ambev S.A.
|
|
3,480,700
|
$11,260,672
|
|
|
Apparel, Footwear, & Accessories – 0.3%
|
|
|||
|
Chow Tai Fook Jewellery Group
|
|
902,200
|
$1,265,191
|
|
|
Compagnie Financiere Richemont S.A.
|
|
6,459
|
1,397,636
|
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
4,143
|
2,285,965
|
|
|
|
|
|
|
$4,948,792
|
|
Auto & Auto Components – 0.3%
|
|
|||
|
Compagnie Generale des Etablissements Michelin
|
|
110,195
|
$4,050,026
|
|
|
PT Astra International Tbk
|
|
7,175,500
|
2,007,694
|
|
|
|
|
|
|
$6,057,720
|
|
Brokerage & Asset Managers – 0.7%
|
|
|||
|
Northern Trust Corp.
|
|
81,187
|
$13,432,389
|
|
|
Business Services – 0.5%
|
|
|||
|
Accenture PLC, “A”
|
|
16,238
|
$3,037,643
|
|
|
Cognizant Technology Solutions Corp., “A”
|
|
22,861
|
1,274,615
|
|
|
Otsuka Corp.
|
|
67,200
|
1,218,980
|
|
|
Tata Consultancy Services Ltd.
|
|
71,513
|
1,700,428
|
|
|
Verisk Analytics, Inc., “A”
|
|
5,621
|
983,619
|
|
|
|
|
|
|
$8,215,285
|
|
Conglomerates – 0.2%
|
|
|||
|
SK Square Co. Ltd.
|
|
4,335
|
$3,546,818
|
|
|
Construction – 1.8%
|
|
|||
|
American Homes 4 Rent LP, REIT
|
|
90,210
|
$2,893,937
|
|
|
Anhui Conch Cement Co. Ltd.
|
|
692,500
|
1,681,567
|
|
|
Compagnie de Saint-Gobain S.A.
|
|
32,353
|
2,953,262
|
|
|
Equity Lifestyle Properties, Inc., REIT
|
|
63,220
|
3,905,099
|
|
|
Equity Residential, REIT
|
|
98,671
|
6,458,017
|
|
|
Essex Property Trust, Inc., REIT
|
|
24,976
|
6,809,457
|
|
|
Mid-America Apartment Communities, Inc., REIT
|
|
46,809
|
6,041,638
|
|
|
Midea Group Co. Ltd., “A”
|
|
155,000
|
1,851,467
|
|
|
|
|
|
|
$32,594,444
|
|
Consumer Products – 1.1%
|
|
|||
|
Colgate-Palmolive Co.
|
|
135,847
|
$12,243,890
|
|
|
Kimberly-Clark Corp.
|
|
72,070
|
7,034,032
|
|
|
|
|
|
|
$19,277,922
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Consumer Services – 0.1%
|
|
|||
|
Localiza Rent a Car S.A.
|
|
104,200
|
$867,963
|
|
|
Containers – 0.1%
|
|
|||
|
Smurfit Westrock PLC
|
|
26,656
|
$1,096,894
|
|
|
Diversified Financial Services – 0.1%
|
|
|||
|
CME Group, Inc.
|
|
4,384
|
$1,199,199
|
|
|
Energy - Independent – 2.5%
|
|
|||
|
Cenovus Energy, Inc.
|
|
46,784
|
$1,291,553
|
|
|
Chevron Corp.
|
|
12,600
|
2,298,996
|
|
|
ConocoPhillips
|
|
30,135
|
3,434,787
|
|
|
Eni S.p.A.
|
|
339,990
|
8,934,594
|
|
|
Exxon Mobil Corp.
|
|
12,723
|
1,848,143
|
|
|
PetroChina Co. Ltd.
|
|
4,708,000
|
6,542,143
|
|
|
Suncor Energy, Inc.
|
|
112,687
|
7,043,295
|
|
|
TotalEnergies SE
|
|
67,623
|
5,929,858
|
|
|
Valero Energy Corp.
|
|
15,759
|
3,858,118
|
|
|
Woodside Energy Group Ltd.
|
|
219,276
|
4,832,158
|
|
|
|
|
|
|
$46,013,645
|
|
Engineering - Construction – 0.1%
|
|
|||
|
Doosan Bobcat, Inc.
|
|
61,599
|
$2,644,629
|
|
|
Entertainment & Leisure – 0.9%
|
|
|||
|
Brunswick Corp.
|
|
71,772
|
$6,011,623
|
|
|
Lamar Advertising Co., REIT
|
|
42,139
|
6,424,512
|
|
|
NetEase, Inc.
|
|
146,800
|
3,635,861
|
|
|
|
|
|
|
$16,071,996
|
|
Food & Beverages – 0.5%
|
|
|||
|
General Mills, Inc.
|
|
85,552
|
$2,892,513
|
|
|
Inner Mongolia Yili Industrial Group Co. Ltd., “A”
|
|
221,400
|
880,556
|
|
|
Nomad Foods Ltd.
|
|
122,935
|
1,246,561
|
|
|
PepsiCo, Inc.
|
|
18,529
|
2,671,696
|
|
|
WH Group Ltd.
|
|
1,707,500
|
1,971,810
|
|
|
|
|
|
|
$9,663,136
|
|
Food & Drug Stores – 0.6%
|
|
|||
|
Albertsons Cos., Inc., “A”
|
|
107,399
|
$1,676,498
|
|
|
Tesco PLC
|
|
1,645,883
|
9,535,429
|
|
|
|
|
|
|
$11,211,927
|
|
Global Systemically Important Banks – 1.1%
|
|
|||
|
BNP Paribas S.A.
|
|
71,850
|
$7,789,753
|
|
|
China Construction Bank Corp.
|
|
7,866,000
|
8,521,525
|
|
|
ING Groep N.V.
|
|
93,249
|
2,904,042
|
|
|
|
|
|
|
$19,215,320
|
|
Hardware, Peripherals, & Assembly – 1.1%
|
|
|||
|
Hon Hai Precision Industry Co. Ltd.
|
|
916,000
|
$8,450,751
|
|
|
Lenovo Group Ltd.
|
|
780,000
|
2,388,700
|
|
|
Seagate Technology Holdings PLC
|
|
9,227
|
8,117,914
|
|
|
|
|
|
|
$18,957,365
|
|
Health Maintenance Organizations – 0.6%
|
|
|||
|
Cigna Group
|
|
41,307
|
$11,458,562
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Insurance – 1.2%
|
|
|||
|
DB Insurance Co. Ltd.
|
|
9,168
|
$870,565
|
|
|
Hartford Insurance Group, Inc.
|
|
26,912
|
3,421,323
|
|
|
Lincoln National Corp.
|
|
48,350
|
1,706,271
|
|
|
Manulife Financial Corp.
|
|
118,033
|
4,514,474
|
|
|
MetLife, Inc.
|
|
63,545
|
5,254,536
|
|
|
Sompo Holdings, Inc.
|
|
112,600
|
4,212,293
|
|
|
Zurich Insurance Group AG
|
|
2,495
|
1,780,430
|
|
|
|
|
|
|
$21,759,892
|
|
Machinery & Tools – 0.4%
|
|
|||
|
AGCO Corp.
|
|
17,804
|
$1,999,033
|
|
|
Finning International, Inc.
|
|
21,782
|
1,645,204
|
|
|
GEA Group AG
|
|
25,121
|
1,624,748
|
|
|
Wabtec Corp.
|
|
9,713
|
2,536,647
|
|
|
|
|
|
|
$7,805,632
|
|
Media – 0.2%
|
|
|||
|
Omnicom Group, Inc.
|
|
46,373
|
$3,371,781
|
|
|
Medical & Health Technology & Services – 1.4%
|
|
|||
|
Healthcare Realty Trust, Inc., REIT
|
|
292,841
|
$5,833,393
|
|
|
Healthpeak Properties, Inc., REIT
|
|
351,562
|
6,732,412
|
|
|
Ventas, Inc., REIT
|
|
148,856
|
12,566,424
|
|
|
|
|
|
|
$25,132,229
|
|
Medical Equipment – 0.1%
|
|
|||
|
Medtronic PLC
|
|
29,425
|
$2,171,859
|
|
|
Metals & Mining – 1.1%
|
|
|||
|
Rio Tinto PLC
|
|
66,883
|
$7,176,884
|
|
|
Toyota Tsusho Corp.
|
|
286,100
|
12,448,893
|
|
|
|
|
|
|
$19,625,777
|
|
Network & Telecom – 0.4%
|
|
|||
|
LM Ericsson Telephone Co., “B”
|
|
566,389
|
$7,367,333
|
|
|
Non-Global Systemically Important Banks – 0.7%
|
|
|||
|
AIB Group PLC
|
|
132,040
|
$1,555,516
|
|
|
Banca Mediolanum S.p.A.
|
|
49,519
|
1,144,205
|
|
|
DBS Group Holdings Ltd.
|
|
28,440
|
1,400,329
|
|
|
Grupo Financiero Banorte S.A. de C.V.
|
|
133,306
|
1,390,113
|
|
|
M&T Bank Corp.
|
|
9,621
|
2,079,194
|
|
|
Popular, Inc.
|
|
21,585
|
3,206,020
|
|
|
Regions Financial Corp.
|
|
52,277
|
1,463,756
|
|
|
Sberbank of Russia PJSC (a)(u)
|
|
1,738,404
|
0
|
|
|
|
|
|
|
$12,239,133
|
|
Oil Services – 0.3%
|
|
|||
|
Tenaris S.A.
|
|
170,327
|
$5,183,285
|
|
|
Pharmaceuticals & Biotechnology – 2.7%
|
|
|||
|
AbbVie, Inc.
|
|
37,190
|
$8,097,007
|
|
|
Johnson & Johnson
|
|
63,721
|
14,358,253
|
|
|
Novartis AG
|
|
62,826
|
9,483,261
|
|
|
Pfizer, Inc.
|
|
536,117
|
14,035,543
|
|
|
Sanofi S.A.
|
|
41,590
|
3,652,361
|
|
|
|
|
|
|
$49,626,425
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Real Estate – 3.0%
|
|
|||
|
Acadia Realty Trust, REIT
|
|
268,421
|
$5,910,630
|
|
|
Essential Properties Realty Trust, REIT
|
|
198,114
|
6,058,326
|
|
|
Federal Realty Investment Trust, REIT
|
|
57,645
|
6,896,071
|
|
|
Janus Living, Inc., “A”, REIT (a)
|
|
207,063
|
5,543,077
|
|
|
Kimco Realty Corp., REIT
|
|
211,174
|
5,085,070
|
|
|
NNN REIT, Inc.
|
|
121,096
|
5,389,983
|
|
|
Regency Centers Corp., REIT
|
|
71,802
|
5,553,885
|
|
|
Simon Property Group, Inc., REIT
|
|
70,295
|
14,404,149
|
|
|
|
|
|
|
$54,841,191
|
|
Real Estate - Storage & Office – 3.4%
|
|
|||
|
Americold Realty Trust, Inc., REIT
|
|
286,838
|
$4,500,488
|
|
|
BXP, Inc., REIT
|
|
158,707
|
9,524,007
|
|
|
Cousins Properties, Inc., REIT
|
|
232,118
|
6,223,084
|
|
|
Extra Space Storage, Inc., REIT
|
|
34,445
|
4,970,758
|
|
|
Highwoods Properties, Inc., REIT
|
|
245,262
|
6,401,338
|
|
|
Prologis, Inc., REIT
|
|
174,343
|
25,012,990
|
|
|
Rexford Industrial Realty, Inc., REIT
|
|
127,799
|
4,533,031
|
|
|
|
|
|
|
$61,165,696
|
|
Restaurants – 0.5%
|
|
|||
|
Aramark
|
|
180,811
|
$9,651,691
|
|
|
Retail & E-commerce – 0.2%
|
|
|||
|
Bath & Body Works, Inc.
|
|
58,560
|
$1,172,371
|
|
|
Home Depot, Inc.
|
|
3,584
|
1,136,630
|
|
|
Shimamura Co. Ltd.
|
|
101,300
|
2,093,866
|
|
|
|
|
|
|
$4,402,867
|
|
Semiconductor & Electronic Components – 0.4%
|
|
|||
|
Lam Research Corp.
|
|
16,267
|
$5,175,834
|
|
|
NVIDIA Corp.
|
|
10,937
|
2,309,238
|
|
|
|
|
|
|
$7,485,072
|
|
Telecom - Infrastructure – 2.0%
|
|
|||
|
Blackstone Digital Infrastructure Trust, Inc., REIT (a)
|
|
105,210
|
$2,275,693
|
|
|
Digital Realty Trust, Inc., REIT
|
|
75,947
|
14,429,930
|
|
|
Equinix, Inc., REIT
|
|
17,628
|
18,827,409
|
|
|
|
|
|
|
$35,533,032
|
|
Telecom Services – 0.6%
|
|
|||
|
KDDI Corp.
|
|
498,400
|
$8,569,795
|
|
|
Koninklijke KPN N.V.
|
|
240,354
|
1,252,038
|
|
|
PT Telekom Indonesia
|
|
9,911,300
|
1,680,540
|
|
|
|
|
|
|
$11,502,373
|
|
Tobacco – 0.9%
|
|
|||
|
Altria Group, Inc.
|
|
44,294
|
$3,081,977
|
|
|
British American Tobacco PLC
|
|
142,887
|
8,834,274
|
|
|
Philip Morris International, Inc.
|
|
19,568
|
3,470,972
|
|
|
|
|
|
|
$15,387,223
|
|
Transportation & Logistics – 0.2%
|
|
|||
|
Union Pacific Corp.
|
|
6,482
|
$1,702,432
|
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
759,200
|
2,165,319
|
|
|
|
|
|
|
$3,867,751
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Travel, Gaming, & Lodging – 0.8%
|
|
|||
|
FDJ United (l)
|
|
37,831
|
$1,003,868
|
|
|
Japan Airlines Co. Ltd.
|
|
87,100
|
1,498,198
|
|
|
Ryman Hospitality Properties, Inc., REIT
|
|
31,992
|
3,683,239
|
|
|
VICI Properties, Inc., REIT
|
|
292,700
|
8,259,994
|
|
|
|
|
|
|
$14,445,299
|
|
Utilities – 1.0%
|
|
|||
|
Ameren Corp.
|
|
10,421
|
$1,125,155
|
|
|
Atmos Energy Corp.
|
|
38,354
|
6,486,812
|
|
|
CLP Holdings Ltd.
|
|
309,000
|
3,016,308
|
|
|
Edison International
|
|
87,648
|
6,130,101
|
|
|
Xcel Energy, Inc.
|
|
24,075
|
1,913,963
|
|
|
|
|
|
|
$18,672,339
|
|
Total Common Stocks
|
|
$637,109,460
|
||
|
Convertible Preferred Stocks – 0.5%
|
||||
|
Utilities – 0.5%
|
|
|||
|
NextEra Energy, Inc., 7.234%
|
|
107,185
|
$5,308,873
|
|
|
PG&E Corp., 6%
|
|
86,227
|
3,489,607
|
|
|
Total Convertible Preferred Stocks
|
$8,798,480
|
|||
|
Preferred Stocks – 0.3%
|
||||
|
Hardware, Peripherals, & Assembly – 0.3%
|
|
|
|
|
|
Samsung Electronics Co. Ltd.
|
|
46,275
|
$6,218,107
|
|
|
Convertible Bonds – 0.0%
|
||||
|
Utilities – 0.0%
|
|
|||
|
PG&E Corp., 4.25%, 12/01/2027
|
|
$
|
950,000
|
$968,525
|
|
Mutual Funds (h) – 23.2%
|
||||
|
Bond Funds – 22.1%
|
||||
|
MFS High Yield Pooled Portfolio (v)
|
|
|
47,936,072
|
$399,786,838
|
|
Money Market Funds – 1.1%
|
|
|||
|
MFS Institutional Money Market Portfolio, 3.69% (v)
|
|
|
19,946,724
|
$19,948,719
|
|
Total Mutual Funds
|
$419,735,557
|
|||
|
Underlying/Expiration Date/Exercise Price (Rate)
|
Put/Call
|
Counterparty
|
Notional
Amount
|
Par Amount/
Number of
Contracts
|
|
|
Purchased Options – 0.1%
|
|
||||
|
Market Index Securities – 0.1%
|
|
||||
|
S&P 500 Index – 12/18/2026 @ $5,500
|
Put
|
Goldman Sachs International
|
$128,861,020
|
170
|
$721,480
|
|
S&P 500 Index – 9/18/2026 @ $5,400
|
Put
|
Goldman Sachs International
|
79,590,630
|
105
|
162,540
|
|
|
|
|
|
|
$884,020
|
|
Medical & Health Technology & Services – 0.0%
|
|
||||
|
Welltower, Inc. – 6/18/2026 @ $240
|
Call
|
Morgan Stanley Capital Services LLC
|
$5,769,773
|
281
|
$1,405
|
|
Welltower, Inc. – 9/18/2026 @ $220
|
Call
|
Morgan Stanley Capital Services LLC
|
7,453,479
|
363
|
243,210
|
|
Welltower, Inc. – 1/15/2027 @ $240
|
Call
|
Merrill Lynch International
|
13,223,252
|
644
|
412,160
|
|
|
|
|
|
|
$656,775
|
|
Total Purchased Options
|
|
$1,540,795
|
|||
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Collateral for Securities Loaned – 0.0%
|
||||
|
JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.57% (j)
|
|
|
322,213
|
$322,213
|
|
|
||||
|
Other Assets, Less Liabilities – (0.0)%
|
|
(682,894
)
|
||
|
Net Assets – 100.0%
|
$1,810,294,799
|
|||
|
(a)
|
Non-income producing security.
|
|
(d)
|
In default.
|
|
(f)
|
All or a portion of the security has been segregated as collateral for open futures
contracts and cleared swap agreements.
|
|
(h)
|
An affiliated issuer, which may be considered one in which the fund owns 5% or more
of the outstanding voting securities, or a company which is under
common control. At period end, the aggregate values of the fund's investments in affiliated
issuers and in unaffiliated issuers were $419,735,557 and
$1,391,242,136, respectively.
|
|
(i)
|
Interest only security for which the fund receives interest on notional principal
(Par amount). Par amount shown is the notional principal and does not reflect
the cost of the security.
|
|
(j)
|
The rate quoted is the annualized seven-day yield of the fund at period end.
|
|
(l)
|
A portion of this security is on loan. See Note 2 for additional information.
|
|
(n)
|
Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be sold in the ordinary course of business in
transactions exempt from registration, normally to qualified institutional buyers.
At period end, the aggregate value of these securities was $259,242,588,
representing 14.3% of net assets.
|
|
(p)
|
Payment-in-kind (PIK) security for which interest income may be received in additional
securities and/or cash.
|
|
(u)
|
The security was valued using significant unobservable inputs and is considered level
3 under the fair value hierarchy.
|
|
(v)
|
Affiliated issuer that is available only to investment companies managed by MFS. The
rate quoted for the MFS Institutional Money Market Portfolio is the
annualized seven-day yield of the fund at period end.
|
|
(w)
|
When-issued security.
|
|
(z)
|
Restricted securities are not registered under the Securities Act of 1933 and are
subject to legal restrictions on resale. These securities generally may be
resold in transactions exempt from registration or to the public if the securities
are subsequently registered. Disposal of these securities may involve
time-consuming negotiations and prompt sale at an acceptable price may be difficult.
The fund holds the following restricted securities:
|
|
Restricted Securities
|
Acquisition
Date
|
Cost
|
Value
|
|
Ambipar Lux S.à r.l., 10.875%, 2/05/2033
|
1/28/25
|
$488,000
|
$111,020
|
|
% of Net assets
|
|
|
0.0%
|
|
The following abbreviations are used in this report and are defined:
|
|
|
CLO
|
Collateralized Loan Obligation
|
|
CMT
|
Constant Maturity Treasury
|
|
CPI-U
|
Consumer Price Index - Urban Consumers
|
|
FLR
|
Floating Rate. Interest rate resets periodically based on the parenthetically disclosed
reference rate plus a spread (if any). The period-end rate
reported may not be the current rate. All reference rates are USD unless otherwise
noted.
|
|
ICE
|
Intercontinental Exchange
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBA
|
To Be Announced
|
|
TIPS
|
Treasury Inflation Protected Security
|
|
UMBS
|
Uniform Mortgage-Backed Security
|
|
Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All
amounts are stated in U.S. dollars unless otherwise
indicated. A list of abbreviations is shown below:
|
|
|
BRL
|
Brazilian Real
|
|
CLP
|
Chilean Peso
|
|
CZK
|
Czech Koruna
|
|
EGP
|
Egypt Pound
|
|
EUR
|
Euro
|
|
HUF
|
Hungarian Forint
|
|
INR
|
Indian Rupee
|
|
MXN
|
Mexican Peso
|
|
NGN
|
Nigerian Naira
|
|
PEN
|
Peruvian Nuevo Sol
|
|
PLN
|
Polish Zloty
|
|
RON
|
Romanian New Leu
|
|
TRY
|
Turkish Lira
|
|
ZAR
|
South African Rand
|
|
Derivative Contracts at 5/31/26
|
||||||
|
Forward Foreign Currency Exchange Contracts
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives
|
||||||
|
BRL
|
3,159,000
|
USD
|
614,941
|
Deutsche Bank AG
|
8/04/2026
|
$1,682
|
|
CLP
|
666,586,840
|
USD
|
747,186
|
Deutsche Bank AG
|
8/14/2026
|
2,029
|
|
EUR
|
1,476,766
|
USD
|
1,722,054
|
JPMorgan Chase Bank N.A.
|
7/17/2026
|
3,831
|
|
HUF
|
237,370,848
|
USD
|
765,232
|
Barclays Bank PLC
|
7/17/2026
|
15,314
|
|
HUF
|
137,510,601
|
USD
|
435,578
|
Goldman Sachs International
|
7/17/2026
|
16,598
|
|
HUF
|
121,279,153
|
USD
|
395,973
|
UBS AG
|
7/17/2026
|
2,829
|
|
MXN
|
17,926,027
|
USD
|
1,025,159
|
Merrill Lynch International
|
7/17/2026
|
4,811
|
|
TRY
|
32,252,353
|
USD
|
663,124
|
Goldman Sachs International
|
7/17/2026
|
9,401
|
|
TRY
|
32,858,179
|
USD
|
675,788
|
HSBC Bank
|
7/17/2026
|
9,370
|
|
ZAR
|
11,631,620
|
USD
|
710,236
|
Barclays Bank PLC
|
7/17/2026
|
4,400
|
|
ZAR
|
4,819,026
|
USD
|
292,628
|
Deutsche Bank AG
|
7/17/2026
|
3,449
|
|
ZAR
|
16,967,458
|
USD
|
1,034,216
|
HSBC Bank
|
7/17/2026
|
8,250
|
|
ZAR
|
6,546,311
|
USD
|
400,657
|
NatWest Markets PLC
|
7/17/2026
|
1,542
|
|
USD
|
297,405
|
BRL
|
1,520,577
|
Deutsche Bank AG
|
8/06/2026
|
745
|
|
USD
|
879,296
|
CZK
|
18,245,172
|
HSBC Bank
|
7/17/2026
|
2,550
|
|
USD
|
881,472
|
CZK
|
18,156,637
|
Merrill Lynch International
|
7/17/2026
|
8,980
|
|
USD
|
14,325,218
|
EUR
|
12,105,608
|
JPMorgan Chase Bank N.A.
|
7/17/2026
|
177,485
|
|
USD
|
222,955
|
EUR
|
189,984
|
Merrill Lynch International
|
7/17/2026
|
922
|
|
USD
|
780,017
|
EUR
|
663,342
|
NatWest Markets PLC
|
7/17/2026
|
4,775
|
|
USD
|
2,006,732
|
EUR
|
1,703,855
|
UBS AG
|
7/17/2026
|
15,450
|
|
USD
|
707,505
|
INR
|
67,237,742
|
JPMorgan Chase Bank N.A.
|
7/10/2026
|
2,540
|
|
USD
|
1,178,360
|
MXN
|
20,412,121
|
State Street Corp.
|
7/17/2026
|
5,547
|
|
USD
|
405,596
|
PEN
|
1,377,000
|
JPMorgan Chase Bank N.A.
|
7/22/2026
|
3,165
|
|
USD
|
751,413
|
PLN
|
2,706,359
|
State Street Corp.
|
7/17/2026
|
5,262
|
|
USD
|
584,217
|
RON
|
2,550,518
|
Barclays Bank PLC
|
7/17/2026
|
19,141
|
|
|
|
|
|
|
|
$330,068
|
|
Liability Derivatives
|
||||||
|
BRL
|
490,127
|
USD
|
97,615
|
Deutsche Bank AG
|
8/04/2026
|
$(1,945
)
|
|
CLP
|
388,184,463
|
USD
|
439,287
|
Deutsche Bank AG
|
8/14/2026
|
(2,984
)
|
|
CZK
|
6,128,829
|
USD
|
297,217
|
Deutsche Bank AG
|
7/17/2026
|
(2,705
)
|
|
CZK
|
12,166,547
|
USD
|
590,112
|
JPMorgan Chase Bank N.A.
|
7/17/2026
|
(5,465
)
|
|
EUR
|
2,783,102
|
USD
|
3,285,136
|
JPMorgan Chase Bank N.A.
|
7/17/2026
|
(32,547
)
|
|
EUR
|
2,025,137
|
USD
|
2,378,034
|
State Street Corp.
|
7/17/2026
|
(11,273
)
|
|
INR
|
67,237,742
|
USD
|
714,839
|
Goldman Sachs International
|
7/10/2026
|
(9,874
)
|
|
MXN
|
12,787,784
|
USD
|
737,099
|
Deutsche Bank AG
|
7/17/2026
|
(2,355
)
|
|
MXN
|
7,624,337
|
USD
|
440,706
|
Goldman Sachs International
|
7/17/2026
|
(2,637
)
|
|
PEN
|
2,486,573
|
USD
|
736,108
|
Goldman Sachs International
|
7/22/2026
|
(9,401
)
|
|
PLN
|
2,657,660
|
USD
|
733,427
|
Goldman Sachs International
|
7/17/2026
|
(702
)
|
|
TOF
|
23,510,977
|
USD
|
737,715
|
Barclays Bank PLC
|
7/17/2026
|
(13,347
)
|
|
USD
|
586,538
|
CLP
|
527,063,431
|
Barclays Bank PLC
|
8/14/2026
|
(5,858
)
|
|
USD
|
586,613
|
CLP
|
527,707,872
|
Goldman Sachs International
|
8/14/2026
|
(6,508
)
|
|
USD
|
541,874
|
HUF
|
166,739,679
|
BNP Paribas
|
7/17/2026
|
(6,416
)
|
|
USD
|
535,331
|
HUF
|
166,702,589
|
Merrill Lynch International
|
7/17/2026
|
(12,837
)
|
|
USD
|
436,409
|
HUF
|
136,663,485
|
State Street Corp.
|
7/17/2026
|
(12,981
)
|
|
USD
|
1,023,084
|
MXN
|
17,926,028
|
Goldman Sachs International
|
7/17/2026
|
(6,885
)
|
|
USD
|
715,781
|
PEN
|
2,475,885
|
Goldman Sachs International
|
7/22/2026
|
(7,803
)
|
|
USD
|
721,848
|
PLN
|
2,633,067
|
HSBC Bank
|
7/17/2026
|
(4,096
)
|
|
USD
|
721,085
|
TOF
|
23,510,977
|
Barclays Bank PLC
|
7/17/2026
|
(3,283
)
|
|
USD
|
1,335,162
|
TRY
|
65,110,532
|
Deutsche Bank AG
|
7/17/2026
|
(22,522
)
|
|
USD
|
294,878
|
ZAR
|
4,955,258
|
Barclays Bank PLC
|
7/17/2026
|
(9,569
)
|
|
USD
|
684,544
|
ZAR
|
11,415,246
|
Citibank N.A.
|
7/17/2026
|
(16,798
)
|
|
|
||||||
|
Forward Foreign Currency Exchange Contracts − continued
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Liability Derivatives − continued
|
||||||
|
USD
|
406,763
|
ZAR
|
6,827,635
|
Deutsche Bank AG
|
7/17/2026
|
$(12,721
)
|
|
USD
|
1,514,543
|
ZAR
|
25,144,532
|
Merrill Lynch International
|
7/17/2026
|
(30,315
)
|
|
USD
|
249,043
|
ZAR
|
4,098,017
|
State Street Corp.
|
7/17/2026
|
(2,735
)
|
|
|
|
|
|
|
|
$(256,562
)
|
|
Futures Contracts
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Asset Derivatives
|
||||||
|
Interest Rate Futures
|
||||||
|
Euro-Bund 10 yr
|
Short
|
EUR
|
78
|
$11,507,959
|
June – 2026
|
$150,835
|
|
U.S. Treasury Bond 30 yr
|
Long
|
USD
|
20
|
2,244,375
|
September – 2026
|
30,136
|
|
U.S. Treasury Note 10 yr
|
Long
|
USD
|
40
|
4,393,125
|
September – 2026
|
10,743
|
|
U.S. Treasury Note 2 yr
|
Long
|
USD
|
321
|
66,306,562
|
September – 2026
|
134,287
|
|
U.S. Treasury Note 5 yr
|
Long
|
USD
|
353
|
37,845,461
|
September – 2026
|
187,658
|
|
U.S. Treasury Ultra Bond 30 yr
|
Long
|
USD
|
6
|
686,438
|
September – 2026
|
9,697
|
|
U.S. Treasury Ultra Note 10 yr
|
Long
|
USD
|
5
|
560,391
|
September – 2026
|
1,388
|
|
|
|
|
|
|
|
$524,744
|
|
Cleared Swap Agreements
|
||||||||
|
Maturity
Date
|
Notional
Amount
|
Counterparty
|
Cash Flows
to Receive/
Frequency
|
Cash Flows
to Pay/
Frequency
|
Unrealized
Appreciation
(Depreciation)
|
Net
Unamortized
Upfront
Payments
(Receipts)
|
Value
|
|
|
Asset Derivatives
|
|
|
|
|||||
|
Interest Rate Swaps
|
|
|
|
|||||
|
11/03/27
|
USD
|
(10,629,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.389% / Annually
|
$88,883
|
$—
|
$88,883
|
|
11/05/27
|
USD
|
(10,529,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.387% / Annually
|
89,543
|
—
|
89,543
|
|
11/26/27
|
USD
|
(10,467,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.2845% / Annually
|
107,496
|
—
|
107,496
|
|
5/01/28
|
USD
|
(19,850,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.7185% / Annually
|
70,860
|
—
|
70,860
|
|
1/09/29
|
USD
|
(9,850,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.35% / Annually
|
132,702
|
—
|
132,702
|
|
4/30/29
|
USD
|
(9,960,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.637% / Annually
|
58,553
|
—
|
58,553
|
|
1/14/31
|
USD
|
(5,904,000)
|
centrally cleared
|
1-day SOFR / Annually
|
3.5105% / Annually
|
90,351
|
—
|
90,351
|
|
|
|
|
|
|
|
$638,388
|
$—
|
$638,388
|
|
Liability Derivatives
|
|
|
|
|||||
|
Inflation Swaps
|
|
|
|
|||||
|
5/21/46
|
USD
|
(1,503,000)
|
centrally cleared
|
CPI-U / At Maturity
|
2.5185% / At Maturity
|
$(10,400
)
|
$—
|
$(10,400
)
|
|
5/20/56
|
USD
|
(1,940,000)
|
centrally cleared
|
CPI-U / At Maturity
|
2.463% / At Maturity
|
(13,644
)
|
—
|
(13,644
)
|
|
|
|
|
|
|
|
$(24,044
)
|
$—
|
$(24,044
)
|
|
Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Equity Securities:
|
|
|
|
|
|
United States
|
$429,712,953
|
$—
|
$—
|
$429,712,953
|
|
Japan
|
30,042,025
|
—
|
—
|
30,042,025
|
|
France
|
27,665,093
|
—
|
—
|
27,665,093
|
|
United Kingdom
|
26,793,148
|
—
|
—
|
26,793,148
|
|
China
|
26,767,010
|
—
|
—
|
26,767,010
|
|
Italy
|
15,262,084
|
—
|
—
|
15,262,084
|
|
Canada
|
14,494,526
|
—
|
—
|
14,494,526
|
|
South Korea
|
13,280,119
|
—
|
—
|
13,280,119
|
|
Switzerland
|
12,661,327
|
—
|
—
|
12,661,327
|
|
Other Countries
|
55,447,762
|
—
|
0
|
55,447,762
|
|
U.S. Treasury Bonds & U.S. Government Agencies & Equivalents
|
—
|
75,357,421
|
—
|
75,357,421
|
|
Non - U.S. Sovereign Debt
|
—
|
234,199,599
|
—
|
234,199,599
|
|
Municipal Bonds
|
—
|
2,014,026
|
—
|
2,014,026
|
|
U.S. Corporate Bonds
|
—
|
172,032,230
|
—
|
172,032,230
|
|
Residential Mortgage-Backed Securities
|
—
|
125,653,117
|
—
|
125,653,117
|
|
Commercial Mortgage-Backed Securities
|
—
|
6,916,982
|
—
|
6,916,982
|
|
Asset-Backed Securities (including CDOs)
|
—
|
9,261,823
|
—
|
9,261,823
|
|
Foreign Bonds
|
—
|
111,817,883
|
—
|
111,817,883
|
|
Purchased Options
|
884,020
|
656,775
|
—
|
1,540,795
|
|
Investment Companies
|
420,057,770
|
—
|
—
|
420,057,770
|
|
Total
|
$1,073,067,837
|
$737,909,856
|
$0
|
$1,810,977,693
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts – Assets
|
$524,744
|
$—
|
$—
|
$524,744
|
|
Forward Foreign Currency Exchange Contracts – Assets
|
—
|
330,068
|
—
|
330,068
|
|
Forward Foreign Currency Exchange Contracts – Liabilities
|
—
|
(256,562
)
|
—
|
(256,562
)
|
|
Swap Agreements – Assets
|
—
|
638,388
|
—
|
638,388
|
|
Swap Agreements – Liabilities
|
—
|
(24,044
)
|
—
|
(24,044
)
|
|
Affiliated Issuers
|
Beginning
Value
|
Purchases
|
Sales
Proceeds
|
Realized
Gain
(Loss)
|
Change in
Unrealized
Appreciation or
Depreciation
|
Ending
Value
|
|
MFS High Yield Pooled Portfolio
|
$412,340,130
|
$7,587,771
|
$15,284,176
|
$(160,668
)
|
$(4,696,219
)
|
$399,786,838
|
|
MFS Institutional Money Market Portfolio
|
15,461,052
|
107,009,833
|
102,521,536
|
(1,228
)
|
598
|
19,948,719
|
|
|
$427,801,182
|
$114,597,604
|
$117,805,712
|
$(161,896
)
|
$(4,695,621
)
|
$419,735,557
|
|
Affiliated Issuers
|
Dividend
Income
|
Capital Gain
Distributions
|
|
MFS High Yield Pooled Portfolio
|
$7,087,186
|
$—
|
|
MFS Institutional Money Market Portfolio
|
179,454
|
—
|
|
|
$7,266,640
|
$—
|
|
United States
|
66.6%
|
|
Canada
|
2.4%
|
|
United Kingdom
|
2.3%
|
|
Japan
|
2.1%
|
|
France
|
1.9%
|
|
China
|
1.6%
|
|
Mexico
|
1.4%
|
|
Brazil
|
1.1%
|
|
Italy
|
1.1%
|
|
Other Countries
|
19.5%
|
