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THE “UNAUDITED EXCHANGE-TRADED FUNDS HOLDINGS”
LIST (“the List”) IS TO BE USED FOR REPORTING PURPOSES
ONLY. IT IS NOT TO BE REPRODUCED FOR USE AS
ADVERTISING OR SALES LITERATURE WITH THE GENERAL
PUBLIC. The list is submitted for the general information of the
shareholders of the Fund. It is not authorized for distribution to
prospective investors in the Fund unless preceded or accompanied by a
prospectus. The list has been created from the books and records of
the Fund. Holdings are available 60 days after the fund’s fiscal quarter,
using a trade date accounting convention, by contacting the appropriate
service center. The list is subject to change without notice. The list is
for informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
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JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
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J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2026.
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INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
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|
Corporate Bonds — 57.3%
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Angola — 0.0% ^
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Azule Energy Finance plc 8.25%, 1/22/2031 (a)
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920,000
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938,529
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Australia — 0.8%
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Amcor UK Finance plc 3.75%, 2/20/2033
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EUR1,200,000
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1,385,321
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Commonwealth Bank of Australia 2.69%, 3/11/2031 (b) (c)
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1,250,000
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1,131,225
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Glencore Capital Finance DAC 3.75%, 2/4/2032 (a)
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EUR4,900,000
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5,758,681
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Glencore Funding LLC
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5.40%, 5/8/2028 (b)
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450,000
|
456,401
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6.38%, 10/6/2030 (b)
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29,000
|
30,712
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2.85%, 4/27/2031 (b)
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450,000
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410,527
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2.63%, 9/23/2031 (b)
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398,000
|
356,716
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5.63%, 4/4/2034 (b)
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3,764,000
|
3,877,847
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5.67%, 4/1/2035 (b)
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2,070,000
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2,129,735
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Santos Finance Ltd. 5.75%, 11/13/2035 (b)
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88,000
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89,053
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15,626,218
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Austria — 0.2%
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ams-OSRAM AG 7.25%, 5/31/2032 (b) (d)
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EUR657,000
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781,397
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Benteler International Austria GmbH
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7.25%, 6/15/2031 (b)
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EUR253,000
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313,734
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7.25%, 6/15/2031 (a)
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EUR2,000,000
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2,480,109
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Lenzing AG (EURIBOR ICE Swap Rate 3 Year + 12.11%), 9.00%, 4/9/2028 (a) (e) (f) (g)
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EUR400,000
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468,566
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4,043,806
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Belgium — 0.4%
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Azelis Finance NV
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4.75%, 9/25/2029 (a)
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EUR1,100,000
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1,306,462
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4.13%, 3/10/2031 (b)
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EUR720,000
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835,030
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4.13%, 3/10/2031 (a)
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EUR200,000
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231,953
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KBC Group NV
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(EURIBOR ICE Swap Rate 5 Year + 4.93%), 8.00%, 9/5/2028 (a) (c) (e) (f) (g)
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EUR1,000,000
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1,256,796
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(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.10%), 5.80%, 1/19/2029 (b) (g)
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200,000
|
203,963
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(EUR Swap Annual 5 Year + 2.25%), 4.75%, 4/17/2035 (a) (g)
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EUR500,000
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603,719
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Ontex Group NV 5.25%, 4/15/2030 (a)
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EUR1,000,000
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1,026,546
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Shurgard Luxembourg SARL 4.00%, 5/27/2035 (a)
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EUR2,100,000
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2,402,352
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Telenet Finance Luxembourg Notes SARL 3.50%, 3/1/2028 (a)
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EUR800,000
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929,906
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8,796,727
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Brazil — 0.4%
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Acu Petroleo Luxembourg SARL 7.50%, 1/13/2032 (a)
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1,138,910
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1,170,686
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Braskem Netherlands Finance BV 7.25%, 2/13/2033 (a)
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350,000
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201,250
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Guara Norte SARL
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5.20%, 6/15/2034 (b)
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972,378
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948,069
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5.20%, 6/15/2034 (a)
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577,534
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563,095
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MV24 Capital BV
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6.75%, 6/1/2034 (b)
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697,500
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702,522
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6.75%, 6/1/2034 (a)
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556,612
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560,620
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Suzano Austria GmbH
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3.75%, 1/15/2031
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48,000
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44,855
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7.00%, 3/16/2047 (a)
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505,000
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542,118
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INVESTMENTS
|
PRINCIPAL
AMOUNT($)
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VALUE($)
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Corporate Bonds — continued
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Brazil — continued
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Vale Overseas Ltd.
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6.13%, 6/12/2033
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1,785,000
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1,872,786
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6.40%, 6/28/2054
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515,000
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526,242
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(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 6.00%, 2/25/2056 (b) (g)
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357,000
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357,947
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Yinson Bergenia Production BV 8.50%, 1/31/2045 (b)
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1,386,313
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1,483,355
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8,973,545
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Canada — 1.3%
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Bank of Nova Scotia (The)
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2.45%, 2/2/2032
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1,420,000
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1,258,697
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(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.05%), 4.59%, 5/4/2037 (c) (g)
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570,000
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547,686
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Emera US Finance LP 2.64%, 6/15/2031
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6,772,000
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6,080,209
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Enbridge, Inc.
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5.55%, 6/20/2035
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6,820,000
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6,990,659
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Series NC5, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.79%),
8.25%, 1/15/2084 (g)
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1,253,000
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1,324,484
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(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.43%), 8.50%, 1/15/2084 (g)
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2,023,000
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2,313,659
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TransCanada PipeLines Ltd.
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4.63%, 3/1/2034
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7,445,000
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7,216,040
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(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.25%), 6.13%, 10/17/2056 (g)
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240,000
|
241,767
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(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.12%), 6.38%, 10/17/2056 (g)
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264,000
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266,601
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Transcanada Trust Series 16-A, (3-MONTH SOFR + 4.64%), 5.88%, 8/15/2076 (g)
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757,000
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758,659
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26,998,461
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Chile — 0.0% ^
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Chile Electricity Lux Mpc II Sarl 5.58%, 10/20/2035 (a)
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293,252
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297,885
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China — 0.0% ^
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CFAMC III Co. Ltd. 4.25%, 11/7/2027 (a)
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200,000
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198,600
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Far East Horizon Ltd. 5.88%, 3/5/2028 (a)
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585,000
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590,324
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788,924
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Colombia — 0.1%
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AI Candelaria -spain- SA
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5.75%, 6/15/2033 (a)
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646,000
|
579,552
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5.75%, 6/15/2033 (b)
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250,000
|
224,285
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Ecopetrol SA 8.88%, 1/13/2033
|
280,000
|
295,820
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EnfraGen Energia Sur SA 5.38%, 12/30/2030 (a)
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1,131,975
|
1,048,379
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Grupo Nutresa SA 9.00%, 5/12/2035 (a)
|
507,000
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556,078
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2,704,114
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Czech Republic — 0.1%
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CPI Property Group SA 4.75%, 7/22/2030 (a)
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EUR2,000,000
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2,209,115
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Denmark — 0.3%
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Danske Bank A/S
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(EURIBOR ICE Swap Rate 1 Year + 0.88%), 0.75%, 6/9/2029 (a) (g)
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EUR700,000
|
779,420
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(EURIBOR ICE Swap Rate 1 Year + 1.70%), 4.75%, 6/21/2030 (a) (g)
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EUR1,800,000
|
2,190,931
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Orsted A/S (EUR Swap Annual 5 Year + 2.62%), 5.25%, 12/8/3022 (a) (g)
|
EUR2,600,000
|
3,084,944
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|
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6,055,295
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Finland — 0.1%
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Mehilainen Yhtiot Oy 5.13%, 6/30/2032 (a)
|
EUR1,700,000
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1,984,693
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INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
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France — 7.2%
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Air France-KLM (EURIBOR ICE Swap Rate 5 Year + 3.58%), 5.75%, 5/21/2030 (a) (e) (f) (g)
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EUR400,000
|
466,631
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Airbus SE
|
|
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1.63%, 6/9/2030 (a)
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EUR1,100,000
|
1,213,606
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1.38%, 5/13/2031 (a)
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EUR300,000
|
322,177
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Alstom SA (EURIBOR ICE Swap Rate 5 Year + 2.93%), 5.87%, 5/29/2029 (a) (e) (f) (g)
|
EUR2,800,000
|
3,383,371
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|
Altice France SA
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|
|
|
7.25%, 11/1/2029 (b)
|
EUR1,753,050
|
2,047,424
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|
4.75%, 10/15/2030 (b)
|
EUR1,996,506
|
2,255,951
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|
5.50%, 10/15/2031 (b)
|
EUR228,659
|
259,733
|
|
5.50%, 10/15/2031 (a)
|
EUR598,974
|
680,372
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|
Autoroutes du Sud de la France SA 3.25%, 1/19/2033 (a)
|
EUR600,000
|
690,794
|
|
AXA SA
|
|
|
|
(EURIBOR 3 Month + 3.60%), 4.25%, 3/10/2043 (a) (g)
|
EUR1,500,000
|
1,774,372
|
|
(EURIBOR 3 Month + 3.75%), 3.38%, 7/6/2047 (a) (g)
|
EUR600,000
|
700,632
|
|
Banijay Entertainment SAS 7.00%, 5/1/2029 (a)
|
EUR1,468,000
|
1,765,883
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|
Bertrand Franchise Finance SAS 6.50%, 7/18/2030 (a)
|
EUR425,000
|
495,636
|
|
BNP Paribas SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.35%), 8.50%, 8/14/2028 (b) (c) (e) (f) (g)
|
1,000,000
|
1,055,847
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|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.90%), 7.75%, 8/16/2029 (b) (c) (e) (f) (g)
|
1,020,000
|
1,069,395
|
|
(EURIBOR ICE Swap Rate 5 Year + 4.63%), 7.38%, 6/11/2030 (a) (c) (e) (f) (g)
|
EUR400,000
|
508,550
|
|
(EURIBOR 3 Month + 0.95%), 4.13%, 9/26/2032 (a) (g)
|
EUR500,000
|
603,553
|
|
BPCE SA
|
|
|
|
(EURIBOR 3 Month + 1.00%), 0.50%, 9/15/2027 (a) (g)
|
EUR400,000
|
463,755
|
|
4.38%, 7/13/2028 (a)
|
EUR900,000
|
1,076,121
|
|
(SOFR + 1.31%), 2.28%, 1/20/2032 (b) (g)
|
7,286,000
|
6,444,991
|
|
(SOFR + 1.22%), 5.18%, 6/2/2032 (b) (g)
|
2,352,000
|
2,357,007
|
|
(SOFR + 1.73%), 3.12%, 10/19/2032 (b) (g)
|
250,000
|
222,188
|
|
(SOFR + 2.04%), 6.29%, 1/14/2036 (b) (g)
|
3,182,000
|
3,328,492
|
|
(SOFR + 1.63%), 5.77%, 6/2/2037 (b) (g)
|
1,256,000
|
1,263,056
|
|
Cerba Healthcare SACA 3.50%, 5/31/2028 (a)
|
EUR419,000
|
352,947
|
|
Chrome Holdco SAS 5.00%, 5/31/2029 (a)
|
EUR175,000
|
24,507
|
|
Cie de Saint-Gobain SA 3.50%, 4/4/2033 (a)
|
EUR1,700,000
|
1,969,704
|
|
Credit Agricole SA
|
|
|
|
(U.K. Government Bonds 1 Year Note Generic Bid Yield + 2.60%), 5.75%, 11/29/2027 (a) (g)
|
GBP500,000
|
677,312
|
|
(EURIBOR ICE Swap Rate 5 Year + 4.21%), 6.50%, 9/23/2029 (a) (c) (e) (f) (g)
|
EUR300,000
|
368,922
|
|
(SOFR + 1.86%), 6.32%, 10/3/2029 (b) (g)
|
1,545,000
|
1,600,852
|
|
Electricite de France SA
|
|
|
|
(EUR Swap Annual 5 Year + 2.86%), 2.63%, 12/1/2027 (a) (e) (f) (g)
|
EUR800,000
|
912,665
|
|
(EUR Swap Annual 5 Year + 4.86%), 7.50%, 9/6/2028 (a) (e) (f) (g)
|
EUR2,400,000
|
3,007,161
|
|
(EUR Swap Annual 5 Year + 3.97%), 3.38%, 6/15/2030 (a) (e) (f) (g)
|
EUR5,000,000
|
5,561,272
|
|
6.25%, 5/23/2033 (b)
|
4,250,000
|
4,546,481
|
|
Elis SA 1.63%, 4/3/2028 (a)
|
EUR1,200,000
|
1,364,602
|
|
Engie SA 1.25%, 10/24/2041 (a)
|
EUR200,000
|
152,400
|
|
Eutelsat Communications SACA
|
|
|
|
5.75%, 3/15/2031 (b)
|
EUR840,000
|
1,015,601
|
|
6.25%, 3/15/2033 (b)
|
EUR163,000
|
198,073
|
|
6.25%, 3/15/2033 (a)
|
EUR300,000
|
364,867
|
|
Eutelsat SA 1.50%, 10/13/2028 (a)
|
EUR1,600,000
|
1,789,222
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
France — continued
|
||
|
Fnac Darty SA 4.75%, 4/1/2032 (a)
|
EUR600,000
|
715,752
|
|
Forvia SE
|
|
|
|
2.38%, 6/15/2027 (a)
|
EUR117,000
|
135,228
|
|
3.75%, 6/15/2028 (a)
|
EUR1,428,571
|
1,664,549
|
|
5.63%, 6/15/2030 (b)
|
EUR234,000
|
281,202
|
|
5.63%, 6/15/2030 (a)
|
EUR1,500,000
|
1,802,578
|
|
5.38%, 3/15/2031 (b)
|
EUR1,005,000
|
1,197,251
|
|
5.38%, 3/15/2031 (a)
|
EUR600,000
|
714,776
|
|
5.50%, 6/15/2031 (a)
|
EUR2,000,000
|
2,389,935
|
|
Iliad Holding SAS
|
|
|
|
5.63%, 10/15/2028 (a)
|
EUR450,000
|
529,208
|
|
6.88%, 4/15/2031 (a)
|
EUR1,200,000
|
1,476,528
|
|
iliad SA
|
|
|
|
5.38%, 6/14/2027 (a)
|
EUR600,000
|
711,423
|
|
1.88%, 2/11/2028 (a)
|
EUR1,000,000
|
1,136,299
|
|
5.38%, 2/15/2029 (a)
|
EUR1,000,000
|
1,210,220
|
|
5.63%, 2/15/2030 (a)
|
EUR3,500,000
|
4,306,605
|
|
Loxam SAS
|
|
|
|
4.50%, 2/15/2027 (a)
|
EUR388,000
|
452,612
|
|
4.25%, 2/15/2030 (a)
|
EUR450,000
|
523,130
|
|
New Immo Holding SA
|
|
|
|
3.25%, 7/23/2027 (a)
|
EUR600,000
|
697,228
|
|
5.88%, 4/17/2028 (a)
|
EUR2,100,000
|
2,499,964
|
|
Paprec Holding SA
|
|
|
|
3.50%, 7/1/2028 (a)
|
EUR1,073,000
|
1,244,782
|
|
4.13%, 7/15/2030 (b)
|
EUR648,000
|
756,082
|
|
4.50%, 7/15/2032 (b)
|
EUR482,000
|
569,516
|
|
4.50%, 7/15/2032 (a)
|
EUR1,700,000
|
2,008,666
|
|
Picard Groupe SAS 6.38%, 7/1/2029 (a)
|
EUR1,200,000
|
1,446,751
|
|
RCI Banque SA (EURIBOR ICE Swap Rate 5 Year + 2.75%), 5.50%, 10/9/2034 (a) (g)
|
EUR3,200,000
|
3,871,703
|
|
Renault SA
|
|
|
|
2.00%, 9/28/2026 (a)
|
EUR900,000
|
1,046,543
|
|
2.50%, 6/2/2027 (a)
|
EUR800,000
|
926,789
|
|
1.13%, 10/4/2027 (a)
|
EUR2,200,000
|
2,495,741
|
|
Rexel SA
|
|
|
|
2.13%, 6/15/2028 (a)
|
EUR1,000,000
|
1,136,970
|
|
4.00%, 9/15/2030 (a)
|
EUR700,000
|
823,560
|
|
5.25%, 9/15/2030 (a)
|
EUR2,000,000
|
2,405,712
|
|
SNF Group SACA 4.50%, 3/15/2032 (a)
|
EUR1,300,000
|
1,541,864
|
|
Societe Generale SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.39%), 9.38%, 11/22/2027 (b) (c) (e) (f) (g)
|
372,000
|
392,079
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.45%), 10.00%, 11/14/2028 (b) (c) (e) (f) (g)
|
440,000
|
481,664
|
|
(EUR Swap Annual 5 Year + 5.23%), 7.88%, 1/18/2029 (a) (c) (e) (f) (g)
|
EUR1,100,000
|
1,376,681
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.79%), 8.13%, 11/21/2029 (b) (c) (e) (f) (g)
|
1,050,000
|
1,103,813
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.51%), 5.38%, 11/18/2030 (b) (c) (e) (f) (g)
|
525,000
|
501,625
|
|
(EURIBOR 3 Month + 1.90%), 4.88%, 11/21/2031 (a) (g)
|
EUR2,000,000
|
2,456,176
|
|
(EURIBOR ICE Swap Rate 5 Year + 3.78%), 6.13%, 3/17/2032 (a) (c) (e) (f) (g)
|
EUR300,000
|
357,432
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.60%), 6.10%, 4/13/2033 (b) (g)
|
3,277,000
|
3,408,254
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
France — continued
|
||
|
(EURIBOR 3 Month + 1.40%), 3.75%, 9/2/2033 (a) (g)
|
EUR7,100,000
|
8,237,807
|
|
TotalEnergies Capital International SA 3.13%, 5/29/2050
|
1,240,000
|
835,362
|
|
TotalEnergies Capital SA 5.28%, 9/10/2054
|
4,208,000
|
3,966,703
|
|
TotalEnergies SE (EURIBOR ICE Swap Rate 5 Year + 1.35%), 3.79%, 2/26/2031 (a) (e) (f) (g)
|
EUR2,650,000
|
3,042,239
|
|
Valeo SE
|
|
|
|
5.38%, 5/28/2027 (a)
|
EUR1,200,000
|
1,420,279
|
|
4.50%, 4/11/2030 (a)
|
EUR2,900,000
|
3,431,632
|
|
5.13%, 5/20/2031 (a)
|
EUR2,000,000
|
2,394,864
|
|
Veolia Environnement SA
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.15%), 1.63%, 6/28/2026 (a) (e) (f) (g)
|
EUR1,100,000
|
1,275,240
|
|
(EUR Swap Annual 5 Year + 2.82%), 5.99%, 11/22/2028 (a) (e) (f) (g)
|
EUR900,000
|
1,101,602
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.05%), 4.37%, 5/20/2030 (a) (e) (f) (g)
|
EUR3,500,000
|
4,096,298
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.84%), 4.32%, 10/24/2032 (a) (e) (f) (g)
|
EUR1,200,000
|
1,378,972
|
|
Vinci SA 1.75%, 9/26/2030 (a)
|
EUR100,000
|
110,067
|
|
Viridien
|
|
|
|
8.50%, 10/15/2030 (b)
|
EUR349,025
|
432,320
|
|
8.50%, 10/15/2030 (a)
|
EUR1,130,263
|
1,399,999
|
|
|
|
144,276,400
|
|
Germany — 5.4%
|
||
|
Allianz SE (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%),
5.60%, 9/3/2054 (b) (g)
|
400,000
|
396,362
|
|
Aroundtown Finance SARL (EURIBOR ICE Swap Rate 5 Year + 2.35%), 5.00%, 4/16/2029 (e) (f) (g)
|
EUR2,200,000
|
2,484,797
|
|
Bayer AG
|
|
|
|
Series NC5, (EUR Swap Annual 5 Year + 3.43%), 6.63%, 9/25/2083 (a) (g)
|
EUR1,500,000
|
1,843,694
|
|
(EUR Swap Annual 5 Year + 3.90%), 7.00%, 9/25/2083 (a) (g)
|
EUR3,000,000
|
3,845,679
|
|
Birkenstock Financing SARL 5.25%, 4/30/2029 (a)
|
EUR1,800,000
|
2,112,073
|
|
Cheplapharm Arzneimittel GmbH
|
|
|
|
7.50%, 5/15/2030 (a)
|
EUR2,100,000
|
2,537,602
|
|
7.13%, 6/15/2031 (b)
|
EUR685,000
|
818,684
|
|
7.13%, 6/15/2031 (a)
|
EUR500,000
|
597,580
|
|
Cidron Atrium SE 5.63%, 2/15/2033 (b)
|
EUR448,000
|
514,361
|
|
Commerzbank AG
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 5.13%), 7.88%, 10/9/2031 (a) (c) (e) (f) (g)
|
EUR2,600,000
|
3,393,491
|
|
Series 1061, (EURIBOR 3 Month + 1.38%), 3.63%, 1/14/2032 (a) (g)
|
EUR6,500,000
|
7,617,031
|
|
(EURIBOR 3 Month + 1.25%), 4.00%, 7/16/2032 (a) (g)
|
EUR3,900,000
|
4,635,240
|
|
CT Investment GmbH
|
|
|
|
6.38%, 4/15/2030 (b)
|
EUR197,000
|
236,096
|
|
6.38%, 4/15/2030 (a)
|
EUR1,650,000
|
1,977,453
|
|
CTEC II GmbH 5.25%, 2/15/2030 (a)
|
EUR1,400,000
|
1,556,538
|
|
Deutsche Bahn AG Series CB, (EUR Swap Annual 5 Year + 1.89%), 1.60%, 7/18/2029 (a) (e) (f) (g)
|
EUR300,000
|
324,749
|
|
Deutsche Bank AG
|
|
|
|
(EURIBOR 3 Month + 2.05%), 1.75%, 11/19/2030 (a) (g)
|
EUR1,900,000
|
2,091,468
|
|
(SOFR + 1.14%), 4.73%, 2/6/2032 (g)
|
1,035,000
|
1,019,006
|
|
(EURIBOR 3 Month + 1.50%), 1.38%, 2/17/2032 (a) (g)
|
EUR3,000,000
|
3,174,533
|
|
(SOFR + 2.26%), 3.74%, 1/7/2033 (g)
|
450,000
|
412,127
|
|
Fressnapf Holding SE 5.25%, 10/31/2031 (a)
|
EUR2,300,000
|
2,713,039
|
|
Heidelberg Materials Finance Luxembourg SA 4.88%, 11/21/2033 (a)
|
EUR4,650,000
|
5,809,530
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Germany — continued
|
||
|
IHO Verwaltungs GmbH
|
|
|
|
6.75% (Cash), 11/15/2029 (a) (h)
|
EUR200,000
|
243,637
|
|
5.63% (Cash), 5/15/2031 (b) (h)
|
EUR689,946
|
827,928
|
|
7.00% (Cash), 11/15/2031 (a) (h)
|
EUR2,923,000
|
3,633,214
|
|
Nidda Healthcare Holding GmbH
|
|
|
|
7.00%, 2/21/2030 (a)
|
EUR1,800,000
|
2,174,807
|
|
5.38%, 10/23/2030 (b)
|
EUR832,000
|
983,842
|
|
5.38%, 10/23/2030 (a)
|
EUR250,000
|
295,626
|
|
Phoenix PIB Dutch Finance BV 4.88%, 7/10/2029 (a)
|
EUR2,200,000
|
2,636,483
|
|
Progroup AG
|
|
|
|
5.13%, 4/15/2029 (a)
|
EUR1,300,000
|
1,534,530
|
|
5.38%, 4/15/2031 (a)
|
EUR400,000
|
472,266
|
|
Schaeffler AG
|
|
|
|
3.38%, 10/12/2028 (a)
|
EUR2,000,000
|
2,314,943
|
|
4.75%, 8/14/2029 (a)
|
EUR1,900,000
|
2,261,725
|
|
5.38%, 4/1/2031 (a)
|
EUR3,300,000
|
3,990,658
|
|
Techem Verwaltungsgesellschaft 675 mbH
|
|
|
|
5.38%, 7/15/2029 (a)
|
EUR2,296,000
|
2,751,545
|
|
4.63%, 7/15/2032 (a)
|
EUR1,300,000
|
1,514,648
|
|
TK Elevator Midco GmbH 4.38%, 7/15/2027 (a)
|
EUR208,000
|
242,795
|
|
TUI Cruises GmbH
|
|
|
|
6.25%, 4/15/2029 (b)
|
EUR124,000
|
149,417
|
|
6.25%, 4/15/2029 (a)
|
EUR1,310,000
|
1,578,522
|
|
5.00%, 5/15/2030 (a)
|
EUR700,000
|
824,748
|
|
Volkswagen Financial Services NV 5.25%, 7/14/2031 (a)
|
GBP1,300,000
|
1,740,216
|
|
Volkswagen Group of America Finance LLC 5.80%, 3/27/2035 (b)
|
200,000
|
203,134
|
|
Volkswagen International Finance NV
|
|
|
|
(EUR Swap Annual 10 Year + 3.98%), 4.63%, 6/27/2028 (a) (e) (f) (g)
|
EUR300,000
|
353,351
|
|
3.25%, 11/18/2030 (a)
|
EUR600,000
|
692,479
|
|
Volkswagen Leasing GmbH 4.00%, 4/11/2031 (a)
|
EUR5,050,000
|
6,016,285
|
|
Vonovia SE
|
|
|
|
0.75%, 9/1/2032 (a)
|
EUR4,500,000
|
4,381,749
|
|
4.25%, 4/10/2034 (a)
|
EUR2,700,000
|
3,196,335
|
|
Wintershall Dea Finance 2 BV (EURIBOR ICE Swap Rate 5 Year + 3.94%), 6.12%, 5/8/2030 (a) (e) (f) (g)
|
EUR2,200,000
|
2,653,926
|
|
ZF Europe Finance BV
|
|
|
|
2.50%, 10/23/2027 (a)
|
EUR1,500,000
|
1,726,147
|
|
6.13%, 3/13/2029 (a)
|
EUR500,000
|
605,330
|
|
7.00%, 6/12/2030 (a)
|
EUR1,500,000
|
1,863,720
|
|
5.50%, 2/17/2032 (a)
|
EUR2,200,000
|
2,540,635
|
|
ZF Finance GmbH
|
|
|
|
2.25%, 5/3/2028 (a)
|
EUR1,500,000
|
1,687,846
|
|
3.75%, 9/21/2028 (a)
|
EUR1,400,000
|
1,617,146
|
|
|
|
107,820,766
|
|
Greece — 0.7%
|
||
|
Alpha Bank SA
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 3.27%), 6.00%, 9/13/2034 (a) (g)
|
EUR2,200,000
|
2,716,138
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.93%), 4.31%, 7/23/2036 (a) (g)
|
EUR400,000
|
466,605
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Greece — continued
|
||
|
Eurobank SA
|
|
|
|
(EUR Swap Annual 5 Year + 3.71%), 6.25%, 4/25/2034 (a) (g)
|
EUR1,600,000
|
1,973,092
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.00%), 4.25%, 4/30/2035 (a) (g)
|
EUR600,000
|
699,468
|
|
Intralot Capital Luxembourg SA
|
|
|
|
6.75%, 10/15/2031 (b)
|
EUR445,000
|
518,041
|
|
6.75%, 10/15/2031 (a)
|
EUR600,000
|
698,482
|
|
National Bank of Greece SA (EURIBOR ICE Swap Rate 5 Year + 3.15%), 5.88%, 6/28/2035 (a) (g)
|
EUR2,350,000
|
2,910,695
|
|
Piraeus Bank SA
|
|
|
|
(EUR Swap Annual 5 Year + 4.77%), 7.25%, 4/17/2034 (a) (g)
|
EUR1,400,000
|
1,766,294
|
|
(EURIBOR ICE Swap Rate 5 Year + 3.15%), 5.38%, 9/18/2035 (a) (g)
|
EUR1,200,000
|
1,455,835
|
|
|
|
13,204,650
|
|
Hungary — 0.1%
|
||
|
OTP Bank Nyrt. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.86%),
7.30%, 7/30/2035 (a) (g)
|
983,000
|
1,026,252
|
|
India — 0.2%
|
||
|
Greenko Power II Ltd. 4.30%, 12/13/2028 (b)
|
1,379,400
|
1,320,334
|
|
Greenko Wind Projects Mauritius Ltd. 7.25%, 9/27/2028 (a)
|
945,600
|
955,888
|
|
Muthoot Finance Ltd. 5.75%, 8/4/2030 (a)
|
960,000
|
946,800
|
|
|
|
3,223,022
|
|
Indonesia — 0.2%
|
||
|
Indonesia Asahan Aluminium PT 5.45%, 5/15/2030 (b)
|
1,740,000
|
1,761,402
|
|
Medco Cypress Tree Pte. Ltd. 8.63%, 5/19/2030 (a)
|
890,000
|
930,765
|
|
Pertamina Persero PT 3.65%, 7/30/2029 (b)
|
400,000
|
385,796
|
|
|
|
3,077,963
|
|
Ireland — 2.1%
|
||
|
AerCap Ireland Capital DAC
|
|
|
|
6.10%, 1/15/2027
|
635,000
|
640,935
|
|
4.13%, 2/28/2029
|
342,000
|
337,461
|
|
4.63%, 9/10/2029
|
150,000
|
149,670
|
|
3.30%, 1/30/2032
|
12,163,000
|
11,129,532
|
|
AIB Group plc
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 4.39%), 7.13%, 10/30/2029 (a) (c) (e) (f) (g)
|
EUR1,650,000
|
2,058,606
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.40%), 3.75%, 12/2/2036 (a) (g)
|
EUR400,000
|
459,947
|
|
Avolon Holdings Funding Ltd.
|
|
|
|
6.38%, 5/4/2028 (b)
|
285,000
|
292,917
|
|
5.75%, 3/1/2029 (b)
|
3,030,000
|
3,094,872
|
|
5.75%, 11/15/2029 (b)
|
567,000
|
580,812
|
|
5.15%, 1/15/2030 (b)
|
1,840,000
|
1,848,685
|
|
5.38%, 5/30/2030 (b)
|
7,654,000
|
7,736,740
|
|
4.95%, 10/15/2032 (b)
|
8,495,000
|
8,284,834
|
|
eircom Finance DAC
|
|
|
|
5.75%, 12/15/2029 (a)
|
EUR1,810,000
|
2,178,108
|
|
5.00%, 4/30/2031 (a)
|
EUR2,500,000
|
2,939,802
|
|
|
|
41,732,921
|
|
Italy — 6.3%
|
||
|
Agrifarma SpA 4.50%, 10/31/2028 (a)
|
EUR2,500,000
|
2,934,885
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Italy — continued
|
||
|
Banca Monte dei Paschi di Siena SpA
|
|
|
|
(EURIBOR 3 Month + 1.30%), 3.50%, 5/28/2031 (a) (g)
|
EUR1,100,000
|
1,288,646
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.15%), 4.38%, 10/2/2035 (a) (g)
|
EUR1,200,000
|
1,419,802
|
|
Banco BPM SpA
|
|
|
|
(EURIBOR 3 Month + 1.47%), 3.88%, 9/9/2030 (a) (g)
|
EUR1,000,000
|
1,183,506
|
|
(EUR Swap Annual 5 Year + 2.45%), 5.00%, 6/18/2034 (a) (g)
|
EUR2,750,000
|
3,310,241
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.80%), 4.00%, 1/1/2036 (a) (g)
|
EUR2,700,000
|
3,153,689
|
|
Dolcetto Holdco SpA
|
|
|
|
5.63%, 7/14/2032 (b)
|
EUR545,000
|
638,701
|
|
5.63%, 7/14/2032 (a)
|
EUR2,100,000
|
2,461,049
|
|
ENEL Finance International NV
|
|
|
|
1.63%, 7/12/2026 (b) (i)
|
1,010,000
|
1,006,643
|
|
3.50%, 4/6/2028 (b)
|
200,000
|
196,289
|
|
2.13%, 7/12/2028 (b) (i)
|
425,000
|
404,637
|
|
2.50%, 7/12/2031 (b) (i)
|
3,036,000
|
2,703,915
|
|
5.00%, 6/15/2032 (b)
|
6,000,000
|
5,998,128
|
|
Enel SpA
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.13%), 4.75%, 2/27/2029 (a) (e) (f) (g)
|
EUR800,000
|
953,110
|
|
Series 9.5Y, (EUR Swap Annual 5 Year + 2.01%), 1.88%, 6/8/2030 (a) (e) (f) (g)
|
EUR500,000
|
532,238
|
|
(EUR Swap Annual 5 Year + 3.77%), 6.63%, 4/16/2031 (a) (e) (f) (g)
|
EUR1,300,000
|
1,667,136
|
|
Eni SpA
|
|
|
|
4.25%, 5/9/2029 (b)
|
250,000
|
248,370
|
|
Series NC9, (EUR Swap Annual 5 Year + 3.64%), 3.38%, 7/13/2029 (a) (e) (f) (g)
|
EUR800,000
|
920,728
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.64%), 4.13%, 1/19/2032 (a) (e) (f) (g)
|
EUR2,000,000
|
2,303,883
|
|
5.75%, 5/19/2035 (b)
|
6,680,000
|
6,897,909
|
|
5.95%, 5/15/2054 (b)
|
860,000
|
857,633
|
|
Fibercop SpA
|
|
|
|
2.38%, 10/12/2027 (a)
|
EUR500,000
|
575,283
|
|
6.88%, 2/15/2028 (a)
|
EUR1,843,000
|
2,251,814
|
|
1.63%, 1/18/2029
|
EUR2,702,000
|
2,981,948
|
|
7.75%, 1/24/2033
|
EUR1,700,000
|
2,279,689
|
|
Gruppo San Donato SpA
|
|
|
|
6.50%, 10/31/2031 (b)
|
EUR1,440,000
|
1,617,827
|
|
6.50%, 10/31/2031 (a)
|
EUR900,000
|
1,011,142
|
|
Guala Closures SpA 3.25%, 6/15/2028 (a)
|
EUR1,559,000
|
1,769,320
|
|
Infrastrutture Wireless Italiane SpA
|
|
|
|
1.63%, 10/21/2028 (a)
|
EUR800,000
|
888,661
|
|
3.75%, 4/1/2030 (a)
|
EUR300,000
|
344,261
|
|
3.63%, 10/13/2032 (a)
|
EUR600,000
|
666,498
|
|
Intesa Sanpaolo SpA
|
|
|
|
(EUR Swap Annual 5 Year + 5.85%), 5.50%, 3/1/2028 (a) (c) (e) (f) (g)
|
EUR250,000
|
296,208
|
|
(EUR Swap Annual 5 Year + 5.56%), 6.38%, 3/30/2028 (a) (c) (e) (f) (g)
|
EUR1,000,000
|
1,203,646
|
|
5.25%, 1/13/2030 (a)
|
EUR1,595,000
|
1,991,328
|
|
(EUR Swap Annual 5 Year + 4.27%), 4.13%, 2/27/2030 (a) (c) (e) (f) (g)
|
EUR300,000
|
342,178
|
|
5.13%, 8/29/2031 (a)
|
EUR400,000
|
504,976
|
|
(EURIBOR ICE Swap Rate 5 Year + 4.35%), 7.00%, 5/20/2032 (a) (c) (e) (f) (g)
|
EUR2,300,000
|
2,913,683
|
|
(EURIBOR 3 Month + 1.48%), 3.85%, 9/16/2032 (a) (g)
|
EUR8,700,000
|
10,279,260
|
|
6.63%, 6/20/2033 (b)
|
1,220,000
|
1,326,745
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Italy — continued
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.75%), 4.95%, 6/1/2042 (b) (g)
|
680,000
|
586,224
|
|
Italmatch Chemicals SpA 6.25%, 2/5/2031 (a)
|
EUR500,000
|
592,464
|
|
Lottomatica Group Spa
|
|
|
|
4.88%, 1/31/2031 (b)
|
EUR472,000
|
558,796
|
|
4.88%, 1/31/2031 (a)
|
EUR2,500,000
|
2,959,726
|
|
4.63%, 4/30/2032 (b)
|
EUR538,000
|
627,481
|
|
Lottomatica Group SpA 5.38%, 6/1/2030 (a)
|
EUR1,691,000
|
2,025,107
|
|
Mundys SpA
|
|
|
|
1.88%, 7/13/2027 (a)
|
EUR284,000
|
325,071
|
|
1.88%, 2/12/2028 (a)
|
EUR1,400,000
|
1,588,729
|
|
4.75%, 1/24/2029 (a)
|
EUR2,800,000
|
3,349,425
|
|
4.50%, 1/24/2030 (a)
|
EUR1,600,000
|
1,907,147
|
|
Neopharmed Gentili SpA 7.13%, 4/8/2030 (a)
|
EUR2,008,000
|
2,423,442
|
|
Pro-Gest SpA 3.25%, 12/15/2024 (a) (j)
|
EUR477,000
|
260,104
|
|
Rekeep SpA
|
|
|
|
9.00%, 9/15/2029 (b)
|
EUR261,000
|
234,433
|
|
9.00%, 9/15/2029 (a)
|
EUR850,000
|
763,478
|
|
Rossini SARL 6.75%, 12/31/2029 (a)
|
EUR2,432,000
|
2,944,722
|
|
Telecom Italia Finance SA 7.75%, 1/24/2033
|
EUR700,000
|
998,093
|
|
Telecom Italia SpA
|
|
|
|
6.88%, 2/15/2028 (a)
|
EUR1,296,000
|
1,588,403
|
|
7.88%, 7/31/2028 (a)
|
EUR2,160,000
|
2,728,739
|
|
1.63%, 1/18/2029 (a)
|
EUR2,798,000
|
3,115,926
|
|
UniCredit SpA
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 7.33%), 7.50%, 6/3/2026 (a) (c) (e) (f) (g)
|
EUR400,000
|
466,700
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (b) (g)
|
200,000
|
199,972
|
|
(EUR Swap Annual 5 Year + 4.61%), 4.45%, 12/3/2027 (a) (c) (e) (f) (g)
|
EUR2,000,000
|
2,332,987
|
|
(EURIBOR 3 Month + 0.85%), 0.93%, 1/18/2028 (a) (g)
|
EUR600,000
|
691,622
|
|
(EURIBOR 3 Month + 1.90%), 4.80%, 1/17/2029 (a) (g)
|
EUR1,300,000
|
1,558,732
|
|
(EURIBOR ICE Swap Rate 5 Year + 4.21%), 6.50%, 12/3/2031 (a) (c) (e) (f) (g)
|
EUR1,000,000
|
1,236,548
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.55%), 3.13%, 6/3/2032 (b) (g)
|
410,000
|
377,391
|
|
(EURIBOR 3 Month + 1.40%), 3.80%, 1/16/2033 (a) (g)
|
EUR9,330,000
|
10,962,557
|
|
4.20%, 6/11/2034 (a)
|
EUR2,600,000
|
3,102,618
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.80%), 4.18%, 6/24/2037 (a) (g)
|
EUR800,000
|
941,440
|
|
|
|
125,773,682
|
|
Jamaica — 0.1%
|
||
|
Digicel International Finance Ltd. 8.63%, 8/1/2032 (b)
|
1,175,000
|
1,218,945
|
|
Japan — 0.7%
|
||
|
Mitsubishi UFJ Financial Group, Inc. (US Treasury Yield Curve Rate T Note Constant
Maturity 1 Year + 0.83%), 2.34%,
1/19/2028 (g)
|
707,000
|
697,997
|
|
Nissan Motor Co. Ltd.
|
|
|
|
5.25%, 7/17/2029 (b)
|
EUR505,000
|
596,044
|
|
5.25%, 7/17/2029 (a)
|
EUR2,200,000
|
2,596,627
|
|
Rakuten Group, Inc. (EUR Swap Annual 5 Year + 4.74%), 4.25%, 4/22/2027 (a) (e) (f) (g)
|
EUR3,200,000
|
3,690,801
|
|
SoftBank Group Corp.
|
|
|
|
5.25%, 10/10/2029 (a)
|
EUR1,050,000
|
1,227,907
|
|
5.88%, 7/10/2031 (a)
|
EUR1,300,000
|
1,517,493
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Japan — continued
|
||
|
Takeda Pharmaceutical Co. Ltd.
|
|
|
|
5.00%, 11/26/2028
|
1,110,000
|
1,121,823
|
|
1.00%, 7/9/2029
|
EUR363,000
|
395,716
|
|
5.30%, 7/5/2034
|
2,842,000
|
2,884,823
|
|
|
|
14,729,231
|
|
Jersey — 0.2%
|
||
|
Deepocean Ltd.
|
|
|
|
6.00%, 4/8/2031 (b)
|
EUR613,000
|
734,007
|
|
6.00%, 4/8/2031 (a)
|
EUR1,600,000
|
1,915,841
|
|
Waga Bondco Ltd.
|
|
|
|
8.50%, 6/15/2030 (b)
|
GBP220,000
|
243,535
|
|
8.50%, 6/15/2030 (a)
|
GBP1,200,000
|
1,328,374
|
|
|
|
4,221,757
|
|
Kazakhstan — 0.2%
|
||
|
KazMunayGas National Co. JSC
|
|
|
|
5.38%, 4/24/2030 (a)
|
863,000
|
874,866
|
|
5.75%, 4/19/2047 (a)
|
1,620,000
|
1,546,136
|
|
6.38%, 10/24/2048 (a)
|
885,000
|
892,337
|
|
|
|
3,313,339
|
|
Luxembourg — 1.5%
|
||
|
Altice Financing SA 3.00%, 1/15/2028 (a)
|
EUR950,000
|
805,545
|
|
Altice France Lux 3 10.00%, 1/15/2033 (b)
|
350,449
|
341,684
|
|
Essendi SA
|
|
|
|
6.38%, 10/15/2029 (a)
|
EUR1,105,000
|
1,340,026
|
|
5.50%, 11/15/2031 (a)
|
EUR2,400,000
|
2,823,660
|
|
Herens Midco SARL 5.25%, 5/15/2029 (a)
|
EUR513,000
|
381,677
|
|
INEOS Finance plc
|
|
|
|
6.38%, 4/15/2029 (a)
|
EUR2,228,000
|
2,574,109
|
|
5.63%, 8/15/2030 (a)
|
EUR700,000
|
766,032
|
|
7.25%, 3/31/2031 (a)
|
EUR1,000,000
|
1,135,791
|
|
7.88%, 11/15/2031 (b)
|
EUR705,000
|
814,183
|
|
Logicor Financing Sarl 3.75%, 7/14/2032 (a)
|
EUR1,000,000
|
1,145,458
|
|
Logicor Financing SARL 1.63%, 1/17/2030 (a)
|
EUR2,000,000
|
2,173,117
|
|
Maxam Prill SARL 6.00%, 7/15/2030 (a)
|
EUR2,500,000
|
2,962,327
|
|
NJJ Continental SA 4.50%, 1/30/2030 (a)
|
EUR800,000
|
946,221
|
|
PLT VII Finance SARL 6.00%, 6/15/2031 (a)
|
EUR3,127,000
|
3,763,392
|
|
SELP Finance SARL, REIT
|
|
|
|
0.88%, 5/27/2029 (a)
|
EUR1,400,000
|
1,519,828
|
|
3.75%, 1/16/2032 (a)
|
EUR4,900,000
|
5,713,337
|
|
SES SA
|
|
|
|
0.88%, 11/4/2027 (a)
|
EUR130,000
|
146,348
|
|
(EURIBOR ICE Swap Rate 5 Year + 3.23%), 5.50%, 9/12/2054 (a) (g)
|
EUR700,000
|
826,889
|
|
|
|
30,179,624
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Macau — 0.1%
|
||
|
Studio City Finance Ltd. 5.00%, 1/15/2029 (a)
|
990,000
|
948,851
|
|
Wynn Macau Ltd. 5.63%, 8/26/2028 (a)
|
593,000
|
590,776
|
|
|
|
1,539,627
|
|
Malaysia — 0.1%
|
||
|
Petronas Capital Ltd. 3.40%, 4/28/2061 (b)
|
1,846,000
|
1,243,650
|
|
Mexico — 0.8%
|
||
|
Alpek SAB de CV 3.25%, 2/25/2031 (a)
|
675,000
|
589,613
|
|
BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico (US Treasury
Yield Curve Rate T
Note Constant Maturity 5 Year + 2.65%), 5.13%, 1/18/2033 (b) (c) (g)
|
1,290,000
|
1,262,729
|
|
Cemex SAB de CV (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.53%),
5.13%, 6/28/2026 (b)
(e) (f) (g)
|
1,148,000
|
1,143,982
|
|
Esentia Energy Development SAB de CV 6.50%, 7/30/2038 (b)
|
617,000
|
611,139
|
|
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple 7.25%, 1/31/2041 (b)
|
2,011,720
|
2,043,506
|
|
Orbia Advance Corp. SAB de CV 6.80%, 5/13/2030 (a)
|
556,000
|
558,780
|
|
Petroleos Mexicanos
|
|
|
|
5.95%, 1/28/2031
|
2,695,000
|
2,660,396
|
|
10.00%, 2/7/2033
|
1,050,000
|
1,233,225
|
|
7.69%, 1/23/2050
|
4,000,000
|
3,662,120
|
|
Saavi Energia SARL 8.88%, 2/10/2035 (b)
|
1,185,000
|
1,283,805
|
|
|
|
15,049,295
|
|
Netherlands — 1.3%
|
||
|
BE Semiconductor Industries NV 4.50%, 7/15/2031 (a)
|
EUR190,000
|
228,035
|
|
Cooperatieve Rabobank UA
|
|
|
|
(EUR Swap Annual 5 Year + 4.68%), 4.38%, 6/29/2027 (a) (c) (e) (f) (g)
|
EUR400,000
|
468,837
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.22%), 3.65%, 4/6/2028 (b) (g)
|
890,000
|
884,102
|
|
Flora Food Management BV 6.88%, 7/2/2029 (a)
|
EUR1,017,000
|
1,138,221
|
|
House of HR Group BV 9.00%, 11/3/2029 (a)
|
EUR900,000
|
909,678
|
|
ING Groep NV
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.34%), 5.75%, 11/16/2026 (c) (e) (f) (g)
|
495,000
|
495,926
|
|
(USD SOFR ICE Swap Rate 5 Year + 4.36%), 8.00%, 5/16/2030 (a) (c) (e) (f) (g)
|
400,000
|
426,457
|
|
Koninklijke KPN NV (EURIBOR ICE Swap Rate 5 Year + 1.97%), 4.88%, 6/18/2029 (a) (e) (f) (g)
|
EUR2,100,000
|
2,512,458
|
|
Q-Park Holding I BV
|
|
|
|
2.00%, 3/1/2027 (a)
|
EUR400,000
|
464,151
|
|
5.13%, 3/1/2029 (a)
|
EUR1,193,000
|
1,417,370
|
|
5.13%, 2/15/2030 (a)
|
EUR1,600,000
|
1,900,623
|
|
4.25%, 9/1/2030 (a)
|
EUR1,600,000
|
1,873,567
|
|
Sunrise HoldCo IV BV 3.88%, 6/15/2029 (a)
|
EUR1,700,000
|
1,955,049
|
|
Trivium Packaging Finance BV
|
|
|
|
6.63%, 7/15/2030 (b)
|
EUR307,000
|
372,131
|
|
6.63%, 7/15/2030 (a)
|
EUR2,100,000
|
2,545,521
|
|
VZ Vendor Financing II BV 2.88%, 1/15/2029 (a)
|
EUR2,700,000
|
3,013,355
|
|
Wolters Kluwer NV 3.75%, 4/3/2031 (a)
|
EUR700,000
|
828,224
|
|
Ziggo Bond Co. BV
|
|
|
|
3.38%, 2/28/2030 (a)
|
EUR4,100,000
|
4,168,827
|
|
6.13%, 11/15/2032 (a)
|
EUR900,000
|
917,183
|
|
|
|
26,519,715
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
New Zealand — 0.0% ^
|
||
|
ANZ New Zealand Int'l Ltd. 2.55%, 2/13/2030 (b)
|
490,000
|
457,759
|
|
Nigeria — 0.0% ^
|
||
|
IHS Holding Ltd. 8.25%, 11/29/2031 (a)
|
890,000
|
929,925
|
|
Norway — 0.0% ^
|
||
|
Aker BP ASA 5.25%, 10/30/2035 (b)
|
284,000
|
278,573
|
|
Panama — 0.1%
|
||
|
Generadora de Gatun SA 6.87%, 9/30/2044 (b)
|
1,472,000
|
1,501,028
|
|
Peru — 0.0% ^
|
||
|
Peru LNG Srl, 5.38%, 3/22/2030 (a)
|
834,834
|
809,789
|
|
Poland — 0.0% ^
|
||
|
ORLEN SA 6.00%, 1/30/2035 (a)
|
280,000
|
289,778
|
|
Portugal — 0.5%
|
||
|
EDP Finance BV 1.50%, 11/22/2027 (a)
|
EUR750,000
|
859,056
|
|
EDP SA
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.40%), 4.63%, 9/16/2054 (a) (g)
|
EUR4,000,000
|
4,717,120
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.24%), 4.50%, 5/27/2055 (a) (g)
|
EUR1,300,000
|
1,516,484
|
|
(EUR Swap Annual 5 Year + 2.38%), 1.88%, 8/2/2081 (a) (g)
|
EUR500,000
|
581,954
|
|
Series NC5., (EUR Swap Annual 5 Year + 1.89%), 1.50%, 3/14/2082 (a) (g)
|
EUR400,000
|
459,854
|
|
(EUR Swap Annual 5 Year + 3.18%), 5.94%, 4/23/2083 (a) (g)
|
EUR1,900,000
|
2,297,006
|
|
|
|
10,431,474
|
|
Saudi Arabia — 0.1%
|
||
|
Gaci First Investment Co. 4.88%, 2/14/2035 (a)
|
2,770,000
|
2,703,354
|
|
Slovenia — 0.1%
|
||
|
United Group BV
|
|
|
|
6.75%, 2/15/2031 (a)
|
EUR1,000,000
|
1,206,070
|
|
6.38%, 5/14/2033 (b)
|
EUR1,207,000
|
1,425,443
|
|
|
|
2,631,513
|
|
South Africa — 0.8%
|
||
|
Anglo American Capital plc
|
|
|
|
5.50%, 5/2/2033 (b)
|
6,145,000
|
6,288,178
|
|
5.75%, 4/5/2034 (b)
|
9,090,000
|
9,388,243
|
|
|
|
15,676,421
|
|
Spain — 4.3%
|
||
|
Abertis Infraestructuras Finance BV
|
|
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.62%), 4.87%, 11/28/2029 (a) (e) (f) (g)
|
EUR2,000,000
|
2,377,795
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.35%), 4.75%, 11/23/2030 (a) (e) (f) (g)
|
EUR1,600,000
|
1,888,897
|
|
Banco Bilbao Vizcaya Argentaria SA (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 5.10%), 9.38%,
3/19/2029 (c) (e) (f) (g)
|
1,200,000
|
1,311,702
|
|
Banco de Sabadell SA
|
|
|
|
(EUR Swap Annual 5 Year + 5.17%), 5.00%, 5/19/2027 (a) (c) (e) (f) (g)
|
EUR200,000
|
234,717
|
|
(EUR Swap Annual 5 Year + 6.83%), 9.38%, 7/18/2028 (a) (c) (e) (f) (g)
|
EUR1,800,000
|
2,310,522
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.25%), 3.50%, 5/27/2031 (a) (g)
|
EUR1,200,000
|
1,405,455
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.25%), 3.38%, 2/18/2033 (a) (g)
|
EUR3,300,000
|
3,805,880
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Spain — continued
|
||
|
Banco Santander SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.90%), 1.72%, 9/14/2027 (g)
|
800,000
|
793,819
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%), 9.63%, 11/21/2028 (c) (e) (f) (g)
|
600,000
|
654,247
|
|
(EUR Swap Annual 5 Year + 4.43%), 7.00%, 11/20/2029 (a) (c) (e) (f) (g)
|
EUR1,800,000
|
2,252,147
|
|
4.88%, 10/18/2031 (a)
|
EUR500,000
|
623,462
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.30%), 9.63%, 5/21/2033 (c) (e) (f) (g)
|
400,000
|
470,214
|
|
5.13%, 11/6/2035
|
6,400,000
|
6,282,002
|
|
Bankinter SA
|
|
|
|
(EUR Swap Annual 1 Year + 1.20%), 4.38%, 5/3/2030 (a) (g)
|
EUR800,000
|
962,783
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.10%), 3.50%, 9/10/2032 (a) (g)
|
EUR1,700,000
|
1,988,977
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.20%), 3.63%, 2/4/2033 (a) (g)
|
EUR6,200,000
|
7,220,275
|
|
CaixaBank SA
|
|
|
|
(EURIBOR 3 Month + 1.65%), 5.00%, 7/19/2029 (a) (g)
|
EUR900,000
|
1,089,100
|
|
(EURIBOR ICE Swap Rate 5 Year + 5.30%), 7.50%, 1/16/2030 (a) (c) (e) (f) (g)
|
EUR1,200,000
|
1,533,643
|
|
(EURIBOR 3 Month + 1.50%), 4.13%, 2/9/2032 (a) (g)
|
EUR2,400,000
|
2,885,306
|
|
(EURIBOR ICE Swap Rate 5 Year + 3.94%), 6.25%, 7/24/2032 (a) (c) (e) (f) (g)
|
EUR1,400,000
|
1,717,717
|
|
(EURIBOR 3 Month + 1.30%), 3.63%, 9/19/2032 (a) (g)
|
EUR10,800,000
|
12,646,444
|
|
(EUR Swap Annual 5 Year + 3.00%), 6.13%, 5/30/2034 (a) (g)
|
EUR200,000
|
247,834
|
|
(SOFR + 2.77%), 6.84%, 9/13/2034 (b) (g)
|
2,175,000
|
2,375,357
|
|
Celsa Opco SA 8.25%, 12/15/2030 (a)
|
EUR1,510,000
|
1,861,786
|
|
Cirsa Finance International Sarl
|
|
|
|
6.50%, 3/15/2029 (a)
|
EUR149,000
|
180,163
|
|
4.88%, 10/15/2031 (a)
|
EUR1,000,000
|
1,177,981
|
|
Cirsa Finance International SARL
|
|
|
|
7.88%, 7/31/2028 (a)
|
EUR1,100,000
|
1,317,727
|
|
6.50%, 3/15/2029 (a)
|
EUR1,100,000
|
1,330,059
|
|
4.88%, 10/15/2031 (b)
|
EUR1,155,000
|
1,360,568
|
|
eDreams ODIGEO SA
|
|
|
|
4.88%, 12/30/2030 (b)
|
EUR661,000
|
692,667
|
|
4.88%, 12/30/2030 (a)
|
EUR635,000
|
665,421
|
|
Grifols SA 3.88%, 10/15/2028 (a)
|
EUR1,800,000
|
2,087,952
|
|
Grupo Antolin Irausa SA
|
|
|
|
3.50%, 4/30/2028 (a)
|
EUR1,770,000
|
950,049
|
|
10.38%, 1/30/2030 (a)
|
EUR448,000
|
215,956
|
|
Kaixo Bondco Telecom SA 5.13%, 9/30/2029 (a)
|
EUR1,142,000
|
1,338,576
|
|
Lorca Telecom Bondco SA
|
|
|
|
4.00%, 9/18/2027 (a)
|
EUR248,128
|
289,495
|
|
5.75%, 4/30/2029 (a)
|
EUR1,150,000
|
1,381,532
|
|
Repsol Europe Finance Sarl (EURIBOR ICE Swap Rate 5 Year + 1.75%), 4.20%, 11/19/2031 (a) (e) (f) (g)
|
EUR800,000
|
922,488
|
|
Telefonica Emisiones SA 4.67%, 3/6/2038
|
150,000
|
137,047
|
|
Telefonica Europe BV
|
|
|
|
(EUR Swap Annual 6 Year + 2.87%), 2.88%, 2/24/2028 (a) (e) (f) (g)
|
EUR2,600,000
|
2,981,456
|
|
(EUR Swap Annual 7 Year + 3.35%), 6.14%, 2/3/2030 (a) (e) (f) (g)
|
EUR5,500,000
|
6,810,772
|
|
(EURIBOR ICE Swap Rate 8 Year + 3.62%), 6.75%, 6/7/2031 (a) (e) (f) (g)
|
EUR2,800,000
|
3,572,086
|
|
(EURIBOR ICE Swap Rate 8 Year + 3.12%), 5.75%, 1/15/2032 (a) (e) (f) (g)
|
EUR800,000
|
985,561
|
|
|
|
87,337,637
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Sweden — 0.7%
|
||
|
Asmodee Group AB
|
|
|
|
5.75%, 12/15/2029 (b)
|
EUR104,000
|
126,095
|
|
5.75%, 12/15/2029 (a)
|
EUR1,360,000
|
1,648,931
|
|
4.25%, 12/15/2031 (b)
|
EUR300,000
|
347,402
|
|
4.25%, 12/15/2031 (a)
|
EUR1,300,000
|
1,505,408
|
|
Assemblin Caverion Group AB 6.25%, 7/1/2030 (a)
|
EUR1,300,000
|
1,566,014
|
|
Heimstaden Bostad AB (EURIBOR ICE Swap Rate 5 Year + 4.19%), 6.25%, 12/4/2029 (a) (e) (f) (g)
|
EUR1,400,000
|
1,678,986
|
|
Samhallsbyggnadsbolaget I Norden Holding AB
|
|
|
|
2.25%, 7/12/2027 (a)
|
EUR750,000
|
844,785
|
|
1.13%, 9/26/2029 (a)
|
EUR1,150,000
|
1,112,486
|
|
Svenska Handelsbanken AB (US Treasury Yield Curve Rate T Note Constant Maturity 5
Year + 4.05%), 4.75%,
3/1/2031 (a) (c) (e) (f) (g)
|
1,000,000
|
949,108
|
|
Verisure Holding AB
|
|
|
|
5.50%, 5/15/2030 (b)
|
EUR450,000
|
540,669
|
|
5.50%, 5/15/2030 (a)
|
EUR1,779,000
|
2,137,445
|
|
Verisure Midholding AB 5.25%, 2/15/2029 (a)
|
EUR1,404,255
|
1,645,594
|
|
Volvo Car AB 2.50%, 10/7/2027 (a)
|
EUR740,000
|
849,759
|
|
|
|
14,952,682
|
|
Switzerland — 1.7%
|
||
|
Dufry One BV
|
|
|
|
2.00%, 2/15/2027 (a)
|
EUR1,575,000
|
1,821,187
|
|
4.75%, 4/18/2031 (a)
|
EUR2,750,000
|
3,265,468
|
|
Holcim Finance Luxembourg SA
|
|
|
|
0.50%, 4/23/2031 (a)
|
EUR1,400,000
|
1,420,883
|
|
0.63%, 1/19/2033 (a)
|
EUR500,000
|
479,715
|
|
Holcim Sterling Finance Netherlands BV 2.25%, 4/4/2034 (a)
|
GBP300,000
|
322,170
|
|
Swiss Re Finance Luxembourg SA (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 3.58%), 5.00%,
4/2/2049 (b) (g)
|
200,000
|
199,674
|
|
Tyco Electronics Group SA 3.25%, 1/31/2033
|
EUR3,600,000
|
4,130,071
|
|
UBS Group AG
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.05%), 4.70%, 8/5/2027 (b) (g)
|
1,122,000
|
1,122,266
|
|
4.28%, 1/9/2028 (b)
|
1,898,000
|
1,892,453
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.75%), 9.25%, 11/13/2028 (b) (c) (e) (f) (g)
|
585,000
|
632,862
|
|
(EURIBOR ICE Swap Rate 1 Year + 0.78%), 2.88%, 2/12/2030 (a) (g)
|
EUR1,200,000
|
1,386,823
|
|
(SOFR + 3.73%), 4.19%, 4/1/2031 (b) (g)
|
974,000
|
951,222
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.00%), 2.10%, 2/11/2032 (b) (g)
|
4,590,000
|
4,051,296
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.60%), 4.75%, 3/17/2032 (a) (g)
|
EUR6,900,000
|
8,501,474
|
|
(SOFR + 1.73%), 3.09%, 5/14/2032 (b) (g)
|
561,000
|
514,976
|
|
0.63%, 1/18/2033 (a)
|
EUR1,200,000
|
1,157,010
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 2.75%, 2/11/2033 (b) (g)
|
430,000
|
381,015
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.76%), 9.25%, 11/13/2033 (b) (c) (e) (f) (g)
|
800,000
|
923,638
|
|
Zurich Insurance Co. Ltd. (EURIBOR 3 Month + 3.95%), 3.50%, 10/1/2046 (a) (g)
|
EUR700,000
|
817,597
|
|
|
|
33,971,800
|
|
Taiwan — 0.1%
|
||
|
TSMC Arizona Corp. 4.25%, 4/22/2032
|
380,000
|
376,584
|
|
TSMC Global Ltd. 2.25%, 4/23/2031 (b)
|
700,000
|
631,596
|
|
|
|
1,008,180
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
Trinidad And Tobago — 0.1%
|
||
|
Trinidad Generation UnLtd 7.75%, 6/16/2033 (b)
|
1,091,000
|
1,153,733
|
|
Turkey — 0.0% ^
|
||
|
Turkcell Iletisim Hizmetleri A/S 7.45%, 1/24/2030 (a)
|
900,000
|
917,253
|
|
United Kingdom — 7.4%
|
||
|
888 Acquisitions Ltd.
|
|
|
|
(EURIBOR 3 Month + 5.50%), 7.70%, 7/15/2028 (a) (g)
|
EUR420,000
|
479,012
|
|
10.75%, 5/15/2030 (a)
|
GBP500,000
|
651,760
|
|
8.00%, 9/30/2031 (b)
|
EUR643,000
|
711,092
|
|
8.00%, 9/30/2031 (a)
|
EUR500,000
|
552,949
|
|
Amber Finco plc 6.63%, 7/15/2029 (a)
|
EUR2,515,000
|
3,043,523
|
|
AstraZeneca plc
|
|
|
|
0.38%, 6/3/2029 (a)
|
EUR900,000
|
973,634
|
|
4.00%, 9/18/2042
|
3,990,000
|
3,391,293
|
|
Barclays plc
|
|
|
|
(SOFR + 2.22%), 6.49%, 9/13/2029 (g)
|
5,240,000
|
5,439,712
|
|
(GBP SWAP OIS SONIA 1 Year + 2.55%), 7.09%, 11/6/2029 (a) (g)
|
GBP500,000
|
703,643
|
|
(SONIA + 2.06%), 5.85%, 3/21/2035 (a) (g)
|
GBP2,000,000
|
2,716,606
|
|
(EURIBOR ICE Swap Rate 1 Year + 1.55%), 4.35%, 5/8/2035 (a) (g)
|
EUR1,300,000
|
1,555,245
|
|
(EURIBOR ICE Swap Rate 5 Year + 2.10%), 4.97%, 5/31/2036 (a) (g)
|
EUR1,300,000
|
1,580,191
|
|
(SOFR + 1.51%), 5.21%, 2/24/2037 (g)
|
735,000
|
715,575
|
|
BAT Capital Corp. 7.08%, 8/2/2043
|
2,505,000
|
2,792,981
|
|
BCP V Modular Services Finance II plc
|
|
|
|
4.75%, 11/30/2028 (a)
|
EUR2,050,000
|
2,220,166
|
|
6.50%, 7/10/2031 (b)
|
EUR1,261,000
|
1,240,203
|
|
6.50%, 7/10/2031 (a)
|
EUR300,000
|
295,052
|
|
Bellis Acquisition Co. plc
|
|
|
|
8.13%, 5/14/2030 (a)
|
GBP1,300,000
|
1,617,406
|
|
8.00%, 7/1/2031 (b)
|
EUR615,000
|
690,757
|
|
Boots Group Finco LP
|
|
|
|
5.38%, 8/31/2032 (b)
|
EUR816,000
|
979,073
|
|
5.38%, 8/31/2032 (a)
|
EUR1,140,000
|
1,367,822
|
|
Cadent Finance plc
|
|
|
|
0.63%, 3/19/2030 (a)
|
EUR800,000
|
842,341
|
|
3.75%, 4/16/2033 (a)
|
EUR1,500,000
|
1,746,597
|
|
EC Finance plc 3.25%, 10/15/2026 (a) (i)
|
EUR1,349,000
|
1,562,456
|
|
Eversholt Funding plc 2.74%, 6/30/2040 (a)
|
GBP594,872
|
697,147
|
|
Froneri Lux FinCo. SARL 4.75%, 8/1/2032 (a)
|
EUR2,600,000
|
2,939,735
|
|
Gatwick Funding Ltd. 2.50%, 4/15/2030 (a)
|
GBP700,000
|
859,536
|
|
Hammerson plc, REIT 5.88%, 10/8/2036 (a)
|
GBP700,000
|
922,373
|
|
Heathrow Funding Ltd.
|
|
|
|
6.75%, 12/3/2026 (a)
|
GBP300,000
|
408,026
|
|
1.50%, 2/11/2030 (a)
|
EUR1,300,000
|
1,413,759
|
|
1.13%, 10/8/2030 (a)
|
EUR1,000,000
|
1,057,782
|
|
6.00%, 3/5/2032 (a)
|
GBP600,000
|
814,304
|
|
4.50%, 7/11/2033 (a)
|
EUR500,000
|
606,408
|
|
1.88%, 3/14/2034 (a)
|
EUR250,000
|
251,991
|
|
5.88%, 5/13/2041 (a)
|
GBP300,000
|
383,443
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United Kingdom — continued
|
||
|
HSBC Holdings plc
|
|
|
|
5.75%, 12/20/2027 (a)
|
GBP200,000
|
272,706
|
|
(SOFR + 2.61%), 5.21%, 8/11/2028 (g)
|
380,000
|
383,100
|
|
(SOFR + 1.73%), 2.01%, 9/22/2028 (g)
|
3,260,000
|
3,155,828
|
|
(3-MONTH CME TERM SOFR + 1.87%), 3.97%, 5/22/2030 (g)
|
374,000
|
366,425
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.65%), 4.60%, 12/17/2030 (c) (e) (f) (g)
|
1,528,000
|
1,429,869
|
|
(SOFR + 1.41%), 2.87%, 11/22/2032 (g)
|
12,025,000
|
10,807,224
|
|
Iceland Bondco plc 10.88%, 12/15/2027 (a)
|
GBP816,000
|
1,141,992
|
|
INEOS Quattro Finance 2 plc
|
|
|
|
8.50%, 3/15/2029 (a)
|
EUR980,000
|
1,094,651
|
|
6.75%, 4/15/2030 (a)
|
EUR924,000
|
949,695
|
|
INEOS Styrolution Ludwigshafen GmbH 2.25%, 1/16/2027 (a)
|
EUR300,000
|
343,915
|
|
Jaguar Land Rover Automotive plc 4.50%, 7/15/2028 (a)
|
EUR600,000
|
698,803
|
|
Lloyds Banking Group plc (US Treasury Yield Curve Rate T Note Constant Maturity 1
Year + 1.48%), 5.99%,
8/7/2027 (g)
|
410,000
|
411,196
|
|
Mobico Group plc (U.K. Government Bonds 5 Year Note Generic Bid Yield + 4.14%), 7.85%,
2/26/2031 (a) (e) (f) (g)
|
GBP394,000
|
305,042
|
|
National Grid Electricity Distribution East Midlands plc 3.53%, 9/20/2028 (a)
|
EUR900,000
|
1,060,108
|
|
National Grid plc
|
|
|
|
2.18%, 6/30/2026 (a)
|
EUR900,000
|
1,049,613
|
|
0.25%, 9/1/2028 (a)
|
EUR1,000,000
|
1,097,758
|
|
4.28%, 1/16/2035 (a)
|
EUR1,000,000
|
1,202,675
|
|
Nationwide Building Society (EURIBOR 3 Month + 1.15%), 3.83%, 7/24/2032 (a) (g)
|
EUR3,200,000
|
3,785,815
|
|
NatWest Group plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.27%), 5.52%, 9/30/2028 (g)
|
1,885,000
|
1,911,326
|
|
(EURIBOR 3 Month + 0.89%), 0.67%, 9/14/2029 (a) (g)
|
EUR2,500,000
|
2,758,819
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.05%), 5.12%, 5/23/2031 (g)
|
6,435,000
|
6,494,948
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.75%), 8.13%, 11/10/2033 (c) (e) (f) (g)
|
400,000
|
437,496
|
|
NGG Finance plc (EUR Swap Annual 5 Year + 2.53%), 2.13%, 9/5/2082 (a) (g)
|
EUR1,930,000
|
2,216,852
|
|
Nomad Foods Bondco plc 2.50%, 6/24/2028 (a)
|
EUR2,000,000
|
2,272,301
|
|
OEG Finance plc 7.25%, 9/27/2029 (a)
|
EUR1,249,000
|
1,513,186
|
|
PeopleCert Wisdom Issuer plc
|
|
|
|
5.50%, 6/15/2031 (b)
|
EUR450,000
|
513,295
|
|
5.50%, 6/15/2031 (a)
|
EUR1,200,000
|
1,368,786
|
|
Pinnacle Bidco plc 8.25%, 10/11/2028 (a)
|
EUR1,187,000
|
1,440,579
|
|
Playtech plc 5.88%, 6/28/2028 (a)
|
EUR800,000
|
946,851
|
|
Punch Finance plc
|
|
|
|
7.88%, 12/30/2030 (b)
|
GBP571,000
|
778,512
|
|
7.88%, 12/30/2030 (a)
|
GBP1,800,000
|
2,454,153
|
|
RAC Bond Co. plc 5.25%, 11/4/2027 (a)
|
GBP2,419,000
|
3,229,748
|
|
RELX Finance BV
|
|
|
|
0.88%, 3/10/2032 (a)
|
EUR1,700,000
|
1,712,813
|
|
3.38%, 3/20/2033 (a)
|
EUR500,000
|
574,562
|
|
Santander UK Group Holdings plc
|
|
|
|
(SOFR + 0.99%), 1.67%, 6/14/2027 (g)
|
900,000
|
899,027
|
|
(SOFR + 2.60%), 6.53%, 1/10/2029 (g)
|
6,875,000
|
7,075,976
|
|
Scottish Hydro Electric Transmission plc 3.38%, 9/4/2032 (a)
|
EUR2,700,000
|
3,124,934
|
|
South Eastern Power Networks plc 5.63%, 9/30/2030 (a)
|
GBP400,000
|
555,194
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United Kingdom — continued
|
||
|
Standard Chartered plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.45%), 7.77%, 11/16/2028 (b) (g)
|
2,170,000
|
2,267,628
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.85%), 4.64%, 4/1/2031 (b) (g)
|
2,850,000
|
2,828,654
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.07%), 5.24%, 1/13/2037 (b) (g)
|
2,510,000
|
2,460,013
|
|
Synthomer plc 7.38%, 5/2/2029 (a)
|
EUR1,270,000
|
1,252,434
|
|
Virgin Media Finance plc 3.75%, 7/15/2030 (a)
|
EUR1,200,000
|
1,215,848
|
|
Vmed O2 UK Financing I plc
|
|
|
|
4.00%, 1/31/2029 (a)
|
GBP600,000
|
772,241
|
|
3.25%, 1/31/2031 (a)
|
EUR2,200,000
|
2,328,089
|
|
5.63%, 4/15/2032 (a)
|
EUR3,400,000
|
3,704,870
|
|
Vodafone Group plc
|
|
|
|
5.75%, 6/28/2054
|
3,595,000
|
3,441,466
|
|
(EURIBOR ICE Swap Rate 5 Year + 1.84%), 4.13%, 9/12/2055 (a) (g)
|
EUR400,000
|
458,565
|
|
(EUR Swap Annual 5 Year + 3.43%), 4.20%, 10/3/2078 (a) (g)
|
EUR900,000
|
1,059,999
|
|
(USD Swap Semi 5 Year + 4.87%), 7.00%, 4/4/2079 (g)
|
429,000
|
444,422
|
|
(EUR Swap Annual 5 Year + 3.48%), 3.00%, 8/27/2080 (a) (g)
|
EUR3,800,000
|
4,240,472
|
|
(EUR Swap Annual 5 Year + 3.49%), 6.50%, 8/30/2084 (a) (g)
|
EUR2,100,000
|
2,625,589
|
|
|
|
149,159,656
|
|
United States — 10.5%
|
||
|
AbbVie, Inc. 4.25%, 11/21/2049
|
897,000
|
734,283
|
|
AES Corp. (The) 3.95%, 7/15/2030 (b)
|
42,000
|
40,333
|
|
American Express Co.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 3.55%, 9/15/2026 (e) (f) (g)
|
104,000
|
103,394
|
|
(SOFR + 1.79%), 5.67%, 4/25/2036 (g)
|
250,000
|
259,280
|
|
American Medical Systems Europe BV 1.63%, 3/8/2031
|
EUR100,000
|
108,256
|
|
Amgen, Inc.
|
|
|
|
4.85%, 2/19/2036
|
549,000
|
538,152
|
|
4.88%, 3/1/2053
|
250,000
|
217,786
|
|
Ardagh Group SA
|
|
|
|
9.50%, 12/1/2030 (b)
|
530,000
|
565,862
|
|
12.00% (Blend (Cash 4.50% + PIK 7.50%)), 12/1/2030 (a) (h)
|
EUR400,000
|
408,379
|
|
12.00% (Blend (Cash 4.50% + PIK 7.50%)), 12/1/2030 (b) (h) (k)
|
EUR1,900,000
|
1,939,799
|
|
AT&T, Inc.
|
|
|
|
4.90%, 11/1/2035
|
1,250,000
|
1,219,722
|
|
3.50%, 9/15/2053
|
130,000
|
85,968
|
|
3.55%, 9/15/2055
|
99,000
|
64,727
|
|
6.05%, 8/15/2056
|
690,000
|
681,866
|
|
6.20%, 10/30/2056
|
1,810,000
|
1,821,845
|
|
Baker Hughes Holdings LLC 5.00%, 6/15/2036
|
1,240,000
|
1,221,329
|
|
Bank of America Corp.
|
|
|
|
(SOFR + 1.05%), 2.55%, 2/4/2028 (g)
|
175,000
|
172,898
|
|
(SOFR + 1.63%), 5.20%, 4/25/2029 (g)
|
500,000
|
506,271
|
|
(SOFR + 1.57%), 5.82%, 9/15/2029 (g)
|
1,080,000
|
1,109,037
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.63%, 5/1/2030 (e) (f) (g)
|
317,000
|
327,618
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.35%), 6.25%, 7/26/2030 (e) (f) (g)
|
970,000
|
984,443
|
|
Series N, (SOFR + 1.22%), 2.65%, 3/11/2032 (g)
|
560,000
|
508,572
|
|
(SOFR + 1.32%), 2.69%, 4/22/2032 (g)
|
249,000
|
226,045
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
(SOFR + 1.04%), 4.70%, 4/23/2032 (g)
|
3,430,000
|
3,409,248
|
|
(SOFR + 1.22%), 2.30%, 7/21/2032 (g)
|
470,000
|
415,889
|
|
(SOFR + 1.65%), 5.47%, 1/23/2035 (g)
|
312,000
|
319,046
|
|
(SOFR + 1.91%), 5.43%, 8/15/2035 (g)
|
795,000
|
798,616
|
|
(SOFR + 1.31%), 5.51%, 1/24/2036 (g)
|
196,000
|
200,792
|
|
(SOFR + 1.13%), 5.05%, 2/6/2037 (g)
|
3,870,000
|
3,815,022
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.00%), 3.85%, 3/8/2037 (g)
|
812,000
|
756,389
|
|
Beignet Investor LLC 6.58%, 5/30/2049 (b)
|
1,396,000
|
1,439,166
|
|
Berry Global, Inc. 5.80%, 6/15/2031
|
760,000
|
790,693
|
|
BG Energy Capital plc 2.25%, 11/21/2029 (a)
|
EUR200,000
|
226,602
|
|
Boeing Co. (The) 3.95%, 8/1/2059
|
377,000
|
270,247
|
|
BP Capital Markets America, Inc.
|
|
|
|
2.72%, 1/12/2032
|
881,000
|
796,721
|
|
4.81%, 2/13/2033
|
2,400,000
|
2,398,139
|
|
BP Capital Markets BV 3.36%, 9/12/2031 (a)
|
EUR1,200,000
|
1,403,658
|
|
BP Capital Markets plc
|
|
|
|
(EUR Swap Annual 5 Year + 3.52%), 3.25%, 6/8/2026 (a) (e) (f) (g)
|
EUR1,350,000
|
1,574,640
|
|
(EUR Swap Annual 5 Year + 3.78%), 3.63%, 3/22/2029 (a) (e) (f) (g)
|
EUR200,000
|
232,148
|
|
Brightstar Lottery Holdings BV 4.25%, 3/15/2030 (a)
|
EUR400,000
|
470,699
|
|
Brightstar Lottery plc 2.38%, 4/15/2028 (a)
|
EUR1,150,000
|
1,317,598
|
|
Broadcom, Inc.
|
|
|
|
4.55%, 2/15/2032
|
180,000
|
178,248
|
|
5.20%, 7/15/2035
|
54,000
|
54,323
|
|
3.14%, 11/15/2035 (b)
|
1,838,000
|
1,565,710
|
|
Carnival plc
|
|
|
|
4.13%, 7/15/2031 (b)
|
EUR959,000
|
1,113,709
|
|
4.13%, 7/15/2031 (a)
|
EUR2,900,000
|
3,367,839
|
|
Carrier Global Corp. 4.50%, 11/29/2032
|
EUR500,000
|
614,098
|
|
CCO Holdings LLC
|
|
|
|
5.13%, 5/1/2027 (b)
|
42,000
|
41,973
|
|
4.25%, 2/1/2031 (b)
|
660,000
|
597,565
|
|
Celanese US Holdings LLC
|
|
|
|
6.34%, 1/19/2029 (i)
|
EUR1,400,000
|
1,717,843
|
|
5.00%, 4/15/2031
|
EUR1,200,000
|
1,411,271
|
|
Cencora, Inc.
|
|
|
|
2.70%, 3/15/2031
|
2,528,000
|
2,308,831
|
|
3.63%, 5/22/2032
|
EUR500,000
|
584,888
|
|
4.90%, 2/13/2036
|
86,000
|
83,936
|
|
CF Industries, Inc. 4.95%, 6/1/2043
|
110,000
|
100,079
|
|
Charter Communications Operating LLC
|
|
|
|
3.50%, 6/1/2041
|
1,116,000
|
779,299
|
|
5.13%, 7/1/2049
|
146,000
|
112,326
|
|
3.90%, 6/1/2052
|
282,000
|
179,156
|
|
5.25%, 4/1/2053
|
165,000
|
128,773
|
|
Cheniere Energy Partners LP
|
|
|
|
5.95%, 6/30/2033
|
540,000
|
566,504
|
|
5.75%, 8/15/2034
|
1,715,000
|
1,779,220
|
|
5.55%, 10/30/2035
|
2,120,000
|
2,162,950
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Citigroup, Inc.
|
|
|
|
Series CC, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.69%),
7.13%, 8/15/2029 (e) (f) (g)
|
670,000
|
684,146
|
|
Series EE, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.57%),
6.75%, 2/15/2030 (e) (f) (g)
|
290,000
|
292,761
|
|
Series FF, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.73%),
6.95%, 2/15/2030 (e) (f) (g)
|
413,000
|
420,323
|
|
Series GG, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.89%),
6.88%, 8/15/2030 (e) (f) (g)
|
490,000
|
499,783
|
|
(SOFR + 1.34%), 4.54%, 9/19/2030 (g)
|
755,000
|
751,954
|
|
(SOFR + 1.17%), 4.50%, 9/11/2031 (g)
|
718,000
|
710,366
|
|
(SOFR + 1.17%), 2.56%, 5/1/2032 (g)
|
320,000
|
287,930
|
|
(SOFR + 1.18%), 2.52%, 11/3/2032 (g)
|
140,000
|
124,328
|
|
(SOFR + 2.34%), 6.27%, 11/17/2033 (g)
|
250,000
|
267,378
|
|
(SOFR + 2.06%), 5.83%, 2/13/2035 (g)
|
410,000
|
418,641
|
|
(SOFR + 1.47%), 5.33%, 3/27/2036 (g)
|
2,865,000
|
2,886,820
|
|
(EURIBOR 3 Month + 1.61%), 4.30%, 7/23/2036 (g)
|
EUR416,000
|
487,328
|
|
(SOFR + 1.49%), 5.17%, 9/11/2036 (g)
|
240,000
|
238,824
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
5.93%, 8/15/2030 (b)
|
800,000
|
833,458
|
|
6.04%, 11/15/2033 (b)
|
200,000
|
211,269
|
|
Constellation Energy Generation LLC 5.60%, 6/15/2042
|
54,000
|
53,410
|
|
Coterra Energy, Inc. 5.40%, 2/15/2035
|
2,228,000
|
2,258,021
|
|
Crown Castle, Inc., REIT 4.80%, 9/1/2028
|
190,000
|
190,973
|
|
Diamondback Energy, Inc.
|
|
|
|
3.13%, 3/24/2031
|
277,000
|
259,476
|
|
5.75%, 4/18/2054
|
580,000
|
569,827
|
|
Dominion Energy, Inc.
|
|
|
|
Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.51%),
7.00%, 6/1/2054 (g)
|
60,000
|
63,877
|
|
Series A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%),
6.88%, 2/1/2055 (g)
|
100,000
|
103,692
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.21%), 6.63%, 5/15/2055 (g)
|
630,000
|
645,221
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.26%), 6.00%, 2/15/2056 (g)
|
804,000
|
808,349
|
|
Duquesne Light Holdings, Inc. 2.78%, 1/7/2032 (b)
|
140,000
|
123,457
|
|
EMRLD Borrower LP 6.38%, 12/15/2030 (a)
|
EUR1,892,000
|
2,274,164
|
|
Energy Transfer LP
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.02%), 8.00%, 5/15/2054 (g)
|
490,000
|
521,302
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.50%, 2/15/2056 (g)
|
1,540,000
|
1,552,705
|
|
Entergy Corp.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.67%), 7.13%, 12/1/2054 (g)
|
1,344,000
|
1,393,702
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.18%), 5.88%, 6/15/2056 (g)
|
267,000
|
268,013
|
|
Entergy Texas, Inc. 1.75%, 3/15/2031
|
115,000
|
100,562
|
|
EQT Corp. 4.75%, 1/15/2031
|
249,000
|
247,568
|
|
EUSHI Finance, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
+ 2.51%), 6.25%, 4/1/2056 (g)
|
1,221,000
|
1,212,384
|
|
Expand Energy Corp. 5.38%, 3/15/2030
|
855,000
|
862,590
|
|
Fells Point Funding Trust 3.05%, 1/31/2027 (b)
|
274,000
|
271,612
|
|
FirstEnergy Transmission LLC 2.87%, 9/15/2028 (b)
|
705,000
|
678,453
|
|
Ford Motor Credit Co. LLC
|
|
|
|
2.90%, 2/10/2029
|
2,215,000
|
2,090,044
|
|
5.42%, 4/9/2031
|
1,955,000
|
1,948,840
|
|
5.75%, 4/6/2033
|
704,000
|
702,340
|
|
6.47%, 5/22/2036
|
4,070,000
|
4,174,965
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Foundry JV Holdco LLC
|
|
|
|
5.50%, 1/25/2031 (b)
|
260,000
|
266,391
|
|
6.25%, 1/25/2035 (b)
|
1,450,000
|
1,533,318
|
|
6.10%, 1/25/2036 (b)
|
446,000
|
468,678
|
|
6.20%, 1/25/2037 (b)
|
213,000
|
224,706
|
|
Freeport-McMoRan, Inc.
|
|
|
|
4.13%, 3/1/2028
|
119,000
|
118,175
|
|
4.25%, 3/1/2030
|
159,000
|
156,627
|
|
4.63%, 8/1/2030
|
203,000
|
202,318
|
|
General Electric Co. 4.13%, 9/19/2035 (a)
|
EUR100,000
|
121,172
|
|
General Motors Financial Co., Inc.
|
|
|
|
2.35%, 1/8/2031
|
465,000
|
416,788
|
|
5.60%, 6/18/2031
|
334,000
|
343,609
|
|
5.90%, 1/7/2035
|
1,165,000
|
1,201,797
|
|
Global Payments, Inc. 5.55%, 11/15/2035
|
935,000
|
912,158
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
(SOFR + 0.91%), 1.95%, 10/21/2027 (g)
|
355,000
|
351,715
|
|
Series X, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.81%),
7.50%, 5/10/2029 (e) (f) (g)
|
815,000
|
854,819
|
|
Series Z, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%),
6.85%, 2/10/2030 (e) (f) (g)
|
205,000
|
210,228
|
|
(SOFR + 1.14%), 4.69%, 10/23/2030 (g)
|
690,000
|
688,910
|
|
(SOFR + 1.08%), 5.21%, 1/28/2031 (g)
|
320,000
|
324,241
|
|
(SOFR + 1.58%), 5.22%, 4/23/2031 (g)
|
390,000
|
395,711
|
|
(SOFR + 1.28%), 2.62%, 4/22/2032 (g)
|
290,000
|
261,184
|
|
(SOFR + 1.25%), 2.38%, 7/21/2032 (g)
|
190,000
|
168,004
|
|
(SOFR + 1.26%), 2.65%, 10/21/2032 (g)
|
300,000
|
267,061
|
|
(SOFR + 1.55%), 5.33%, 7/23/2035 (g)
|
380,000
|
382,442
|
|
(SOFR + 1.33%), 4.94%, 10/21/2036 (g)
|
168,000
|
163,173
|
|
(SOFR + 1.19%), 5.07%, 1/21/2037 (g)
|
2,424,000
|
2,371,312
|
|
Graphic Packaging International LLC 2.63%, 2/1/2029 (a)
|
EUR300,000
|
337,763
|
|
HCA, Inc.
|
|
|
|
5.20%, 6/1/2028
|
170,000
|
172,237
|
|
2.38%, 7/15/2031
|
370,000
|
328,289
|
|
4.60%, 11/15/2032
|
630,000
|
615,091
|
|
5.50%, 6/15/2047
|
91,000
|
84,369
|
|
5.25%, 6/15/2049
|
760,000
|
678,381
|
|
3.50%, 7/15/2051
|
150,000
|
100,420
|
|
4.63%, 3/15/2052
|
614,000
|
494,430
|
|
5.95%, 9/15/2054
|
1,369,000
|
1,330,787
|
|
Healthpeak OP LLC, REIT 5.25%, 12/15/2032
|
367,000
|
371,124
|
|
Hyundai Capital America
|
|
|
|
3.50%, 11/2/2026 (b)
|
555,000
|
552,974
|
|
5.40%, 1/8/2031 (b)
|
190,000
|
193,492
|
|
JBS NV
|
|
|
|
6.75%, 3/15/2034
|
97,000
|
105,623
|
|
5.95%, 4/20/2035
|
2,565,000
|
2,644,369
|
|
5.50%, 1/15/2036
|
1,420,000
|
1,416,777
|
|
5.63%, 3/10/2037 (b)
|
625,000
|
623,125
|
|
4.38%, 2/2/2052
|
120,000
|
90,735
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
7.25%, 11/15/2053
|
290,000
|
317,544
|
|
Kinder Morgan, Inc. 5.20%, 6/1/2033
|
230,000
|
234,033
|
|
LSF12 Pillar Investments US, Inc. 5.75%, 5/15/2033 (b)
|
EUR1,055,000
|
1,231,228
|
|
LYB International Finance III LLC 5.88%, 1/15/2036
|
1,341,000
|
1,359,788
|
|
M&T Bank Corp. (SOFR + 1.61%), 5.39%, 1/16/2036 (g)
|
523,000
|
521,847
|
|
Maple Parent Holdings Corp.
|
|
|
|
5.70%, 3/26/2036 (b)
|
455,000
|
459,826
|
|
6.63%, 3/26/2056 (b)
|
487,000
|
507,465
|
|
Mars, Inc. 5.20%, 3/1/2035 (b)
|
620,000
|
624,174
|
|
Marvell Technology, Inc.
|
|
|
|
2.95%, 4/15/2031
|
320,000
|
294,886
|
|
5.45%, 7/15/2035
|
199,000
|
203,616
|
|
5.30%, 4/15/2036
|
935,000
|
935,394
|
|
Merck & Co., Inc. 5.55%, 12/4/2055
|
220,000
|
216,230
|
|
Meta Platforms, Inc.
|
|
|
|
4.88%, 11/15/2035
|
366,000
|
357,605
|
|
5.50%, 11/15/2045
|
865,000
|
811,954
|
|
4.45%, 8/15/2052
|
148,000
|
116,107
|
|
5.63%, 11/15/2055
|
330,000
|
304,290
|
|
6.30%, 5/15/2056
|
2,365,000
|
2,386,311
|
|
MetLife, Inc.
|
|
|
|
10.75%, 8/1/2039
|
310,000
|
400,311
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.82%), 5.85%, 3/15/2056 (g)
|
491,000
|
485,474
|
|
Metropolitan Life Global Funding I 3.30%, 3/21/2029 (b)
|
185,000
|
179,030
|
|
Morgan Stanley
|
|
|
|
(SOFR + 1.61%), 4.21%, 4/20/2028 (g)
|
315,000
|
314,605
|
|
(SOFR + 1.73%), 5.12%, 2/1/2029 (g)
|
455,000
|
459,038
|
|
(SOFR + 1.59%), 5.16%, 4/20/2029 (g)
|
575,000
|
580,922
|
|
(SOFR + 1.63%), 5.45%, 7/20/2029 (g)
|
870,000
|
885,326
|
|
(SOFR + 1.10%), 4.65%, 10/18/2030 (g)
|
760,000
|
757,320
|
|
(SOFR + 1.11%), 5.23%, 1/15/2031 (g)
|
600,000
|
608,981
|
|
(SOFR + 1.51%), 5.19%, 4/17/2031 (g)
|
497,000
|
504,344
|
|
(SOFR + 1.20%), 2.51%, 10/20/2032 (g)
|
2,388,000
|
2,116,599
|
|
(SOFR + 1.88%), 5.42%, 7/21/2034 (g)
|
369,000
|
376,089
|
|
(SOFR + 1.56%), 5.32%, 7/19/2035 (g)
|
460,000
|
464,607
|
|
(SOFR + 1.36%), 2.48%, 9/16/2036 (g)
|
140,000
|
121,728
|
|
(SOFR + 1.18%), 5.07%, 1/30/2037 (g)
|
2,532,000
|
2,479,417
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 5.95%, 1/19/2038 (g)
|
1,342,000
|
1,388,607
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.17%), 5.31%, 1/18/2041 (g)
|
695,000
|
678,863
|
|
Morgan Stanley Private Bank NA (SOFR + 1.02%), 4.47%, 11/19/2031 (g)
|
700,000
|
689,356
|
|
Netflix, Inc. 5.38%, 11/15/2029 (b)
|
357,000
|
367,482
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.75%, 6/15/2054 (g)
|
220,000
|
229,539
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.36%), 6.70%, 9/1/2054 (g)
|
240,000
|
247,176
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.05%), 6.38%, 8/15/2055 (g)
|
115,000
|
117,721
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.98%), 6.50%, 8/15/2055 (g)
|
85,000
|
88,052
|
|
NiSource, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.45%),
6.95%, 11/30/2054 (g)
|
862,000
|
895,215
|
|
NRG Energy, Inc. 5.41%, 10/15/2035 (b)
|
634,000
|
622,540
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
OI European Group BV
|
|
|
|
6.25%, 5/15/2028 (a)
|
EUR380,000
|
450,657
|
|
5.25%, 6/1/2029 (b)
|
EUR261,000
|
307,996
|
|
5.25%, 6/1/2029 (a)
|
EUR500,000
|
590,030
|
|
Oracle Corp.
|
|
|
|
5.70%, 2/4/2036
|
84,000
|
82,528
|
|
6.55%, 2/4/2046
|
1,150,000
|
1,108,821
|
|
4.00%, 7/15/2046
|
175,000
|
121,727
|
|
3.95%, 3/25/2051
|
330,000
|
216,774
|
|
5.38%, 9/27/2054
|
356,000
|
285,427
|
|
6.00%, 8/3/2055
|
295,000
|
258,665
|
|
6.70%, 2/4/2056
|
3,265,000
|
3,144,559
|
|
6.85%, 2/4/2066
|
1,055,000
|
1,010,576
|
|
Pacific Gas and Electric Co.
|
|
|
|
3.30%, 3/15/2027
|
366,000
|
363,000
|
|
6.15%, 1/15/2033
|
1,460,000
|
1,530,933
|
|
6.40%, 6/15/2033
|
360,000
|
383,113
|
|
6.00%, 8/15/2035
|
3,688,000
|
3,805,031
|
|
PG&E Corp.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.88%), 7.38%, 3/15/2055 (g)
|
867,000
|
882,937
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.85%, 9/15/2056 (g)
|
138,000
|
137,510
|
|
Piedmont Natural Gas Co., Inc. 3.35%, 6/1/2050
|
66,000
|
45,009
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 7 Year + 2.81%),
6.25%, 3/15/2030 (e) (f) (g)
|
573,000
|
585,163
|
|
(SOFR + 1.26%), 4.81%, 10/21/2032 (g)
|
260,000
|
259,398
|
|
(SOFR + 1.90%), 5.68%, 1/22/2035 (g)
|
110,000
|
113,591
|
|
(SOFR + 1.42%), 5.37%, 7/21/2036 (g)
|
165,000
|
166,615
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.17%), 5.42%, 1/25/2041 (g)
|
490,000
|
481,579
|
|
Prudential Financial, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 2.40%), 6.50%,
3/15/2054 (g)
|
295,000
|
303,797
|
|
RD Michigan Property Owner I LLC 7.50%, 3/30/2045 (b)
|
3,849,000
|
3,856,724
|
|
Realty Income Corp., REIT 4.88%, 7/6/2030
|
EUR2,200,000
|
2,699,317
|
|
Regency Centers LP, REIT 2.95%, 9/15/2029
|
95,000
|
90,560
|
|
Roper Technologies, Inc. 2.95%, 9/15/2029
|
160,000
|
151,691
|
|
San Diego Gas & Electric Co. Series DDDD, 5.20%, 3/15/2036
|
620,000
|
620,802
|
|
Schneider Electric SE 3.38%, 9/3/2036 (a)
|
EUR1,800,000
|
2,052,891
|
|
SCIL IV LLC 9.50%, 7/15/2028 (a)
|
EUR900,000
|
1,082,389
|
|
Sempra (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 6.38%,
4/1/2056 (g)
|
252,000
|
254,906
|
|
Southern California Edison Co. 5.45%, 3/1/2035
|
13,000
|
12,989
|
|
State Street Corp.
|
|
|
|
Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%),
6.70%, 3/15/2029 (e) (f) (g)
|
42,000
|
43,184
|
|
Series J, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%),
6.70%, 9/15/2029 (e) (f) (g)
|
270,000
|
278,342
|
|
Stellantis Finance US, Inc.
|
|
|
|
5.75%, 3/18/2030 (b)
|
700,000
|
703,166
|
|
6.45%, 3/18/2035 (b)
|
2,466,000
|
2,487,332
|
|
Stellantis Financial Services US Corp.
|
|
|
|
5.40%, 6/15/2029 (b)
|
1,395,000
|
1,398,525
|
|
5.80%, 6/15/2031 (b)
|
930,000
|
931,788
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Stellantis NV (EURIBOR ICE Swap Rate 5 Year + 4.24%), 6.88%, 12/16/2033 (a) (e) (f) (g)
|
EUR1,600,000
|
1,855,267
|
|
Sword Purchaser LLC 7.25%, 4/15/2033 (b)
|
EUR830,000
|
989,240
|
|
Synopsys, Inc. 5.70%, 4/1/2055
|
220,000
|
214,484
|
|
Take-Two Interactive Software, Inc.
|
|
|
|
3.70%, 4/14/2027
|
210,000
|
208,968
|
|
5.40%, 6/12/2029
|
43,000
|
43,898
|
|
5.60%, 6/12/2034
|
172,000
|
176,310
|
|
Thermo Fisher Scientific, Inc. 0.88%, 10/1/2031
|
EUR100,000
|
103,309
|
|
Truist Financial Corp.
|
|
|
|
(SOFR + 2.30%), 6.12%, 10/28/2033 (g)
|
95,000
|
100,550
|
|
(SOFR + 1.85%), 5.12%, 1/26/2034 (g)
|
410,000
|
410,188
|
|
(SOFR + 2.36%), 5.87%, 6/8/2034 (g)
|
336,000
|
350,322
|
|
(SOFR + 1.92%), 5.71%, 1/24/2035 (g)
|
75,000
|
77,291
|
|
(SOFR + 1.40%), 4.96%, 10/23/2036 (g)
|
2,735,000
|
2,651,657
|
|
Uber Technologies, Inc. 4.80%, 9/15/2035
|
1,465,000
|
1,426,486
|
|
UGI International LLC
|
|
|
|
2.50%, 12/1/2029 (a)
|
EUR350,000
|
382,182
|
|
5.00%, 6/1/2031 (b)
|
EUR967,000
|
1,146,497
|
|
Union Electric Co. 3.90%, 4/1/2052
|
80,000
|
60,418
|
|
US Bancorp (SOFR + 1.86%), 5.68%, 1/23/2035 (g)
|
110,000
|
113,621
|
|
Ventas Realty LP, REIT 5.00%, 1/15/2035
|
325,000
|
319,936
|
|
Verizon Communications, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.04%), 6.20%, 5/14/2056 (g)
|
924,000
|
937,922
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.81%), 6.05%, 5/14/2058 (g)
|
2,485,000
|
2,517,047
|
|
Vistra Operations Co. LLC
|
|
|
|
4.60%, 10/15/2030 (b)
|
187,000
|
183,341
|
|
6.00%, 4/15/2034 (b)
|
6,040,000
|
6,222,934
|
|
5.70%, 12/30/2034 (b)
|
150,000
|
151,744
|
|
5.25%, 10/15/2035 (b)
|
3,065,000
|
2,977,936
|
|
5.35%, 1/31/2036 (b)
|
1,110,000
|
1,085,392
|
|
Wells Fargo & Co.
|
|
|
|
(SOFR + 1.74%), 5.57%, 7/25/2029 (g)
|
780,000
|
795,349
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 6.85%, 9/15/2029 (e) (f) (g)
|
645,000
|
668,438
|
|
(SOFR + 1.11%), 5.24%, 1/24/2031 (g)
|
475,000
|
483,097
|
|
(SOFR + 1.99%), 5.56%, 7/25/2034 (g)
|
610,000
|
627,525
|
|
(SOFR + 1.78%), 5.50%, 1/23/2035 (g)
|
3,905,000
|
3,988,220
|
|
(SOFR + 1.74%), 5.61%, 4/23/2036 (g)
|
1,025,000
|
1,051,556
|
|
(SOFR + 1.10%), 4.96%, 1/23/2037 (g)
|
1,415,000
|
1,381,900
|
|
Welltower OP LLC, REIT 2.80%, 6/1/2031
|
220,000
|
202,156
|
|
Williams Cos., Inc. (The) 5.30%, 9/30/2035
|
7,400,000
|
7,413,377
|
|
|
|
210,524,338
|
|
Total Corporate Bonds
(Cost $1,142,961,832)
|
|
1,152,303,044
|
|
Foreign Government Securities — 33.4%
|
||
|
Angola — 0.2%
|
||
|
Republic of Angola 9.88%, 10/15/2035 (a)
|
3,600,000
|
3,840,300
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Argentina — 0.4%
|
||
|
Argentine Republic
|
|
|
|
4.12%, 7/9/2035 (i)
|
6,663,970
|
5,134,589
|
|
3.50%, 7/9/2041 (i)
|
3,800,000
|
2,727,982
|
|
|
|
7,862,571
|
|
Australia — 1.9%
|
||
|
Commonwealth of Australia
|
|
|
|
1.25%, 5/21/2032
|
AUD63,168,000
|
37,567,885
|
|
3.00%, 3/21/2047 (a)
|
AUD2,140,000
|
1,101,697
|
|
|
|
38,669,582
|
|
Benin — 0.2%
|
||
|
Benin Government Bond
|
|
|
|
7.96%, 2/13/2038 (b)
|
962,000
|
1,014,785
|
|
7.96%, 2/13/2038 (a)
|
3,481,000
|
3,672,002
|
|
|
|
4,686,787
|
|
Brazil — 2.2%
|
||
|
Notas do Tesouro Nacional
|
|
|
|
10.00%, 1/1/2031
|
BRL220,000,000
|
38,131,915
|
|
10.00%, 1/1/2037
|
BRL37,000,000
|
5,777,090
|
|
|
|
43,909,005
|
|
Canada — 9.0%
|
||
|
Canada Government Bond
|
|
|
|
4.00%, 8/1/2026
|
CAD72,282,000
|
52,570,062
|
|
3.00%, 2/1/2027
|
CAD104,325,000
|
75,938,974
|
|
3.25%, 6/1/2035
|
CAD72,546,000
|
52,105,356
|
|
|
|
180,614,392
|
|
Colombia — 1.8%
|
||
|
Republic of Colombia
|
|
|
|
6.13%, 1/21/2031
|
709,000
|
705,987
|
|
5.00%, 9/19/2032
|
EUR743,000
|
836,325
|
|
13.25%, 2/9/2033
|
COP56,459,600,000
|
14,781,067
|
|
7.50%, 2/2/2034
|
805,000
|
836,596
|
|
11.75%, 1/24/2035
|
COP79,168,900,000
|
19,185,587
|
|
|
|
36,345,562
|
|
Congo, Democratic Republic of the — 0.3%
|
||
|
Republic of Congo
|
|
|
|
8.75%, 4/16/2032 (b)
|
1,600,000
|
1,617,520
|
|
9.50%, 2/17/2035 (a)
|
2,000,000
|
2,015,720
|
|
9.50%, 5/26/2036 (a)
|
1,666,000
|
1,662,503
|
|
9.50%, 4/16/2037 (b)
|
790,000
|
805,689
|
|
|
|
6,101,432
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Costa Rica — 0.2%
|
||
|
Republic of Costa Rica
|
|
|
|
6.00%, 1/16/2036 (b)
|
EUR2,750,000
|
3,370,129
|
|
7.30%, 11/13/2054 (b)
|
1,091,000
|
1,218,183
|
|
|
|
4,588,312
|
|
Czech Republic — 1.5%
|
||
|
Czech Republic
|
|
|
|
4.90%, 4/14/2034
|
CZK375,450,000
|
18,340,499
|
|
3.50%, 5/30/2035
|
CZK230,000,000
|
10,110,838
|
|
1.95%, 7/30/2037
|
CZK27,460,000
|
990,811
|
|
|
|
29,442,148
|
|
Ecuador — 0.3%
|
||
|
Republic of Ecuador
|
|
|
|
8.75%, 1/29/2034 (b)
|
1,148,000
|
1,164,634
|
|
6.90%, 7/31/2035 (a) (i)
|
2,791,635
|
2,562,282
|
|
9.25%, 1/29/2039 (b)
|
1,297,000
|
1,333,277
|
|
5.00%, 7/31/2040 (a) (i)
|
2,215,818
|
1,851,405
|
|
|
|
6,911,598
|
|
Egypt — 0.2%
|
||
|
Arab Republic of Egypt
|
|
|
|
7.63%, 5/29/2032 (a)
|
1,425,000
|
1,461,095
|
|
7.63%, 5/20/2034 (b)
|
2,468,000
|
2,480,365
|
|
|
|
3,941,460
|
|
Germany — 3.3%
|
||
|
Bundesobligation 2.10%, 4/12/2029 (a)
|
EUR2,500,000
|
2,881,445
|
|
Bundesrepublik Deutschland
|
|
|
|
1.70%, 8/15/2032 (a)
|
EUR2,370,000
|
2,610,337
|
|
2.30%, 2/15/2033 (a)
|
EUR1,090,000
|
1,237,372
|
|
Bundesschatzanweisungen
|
|
|
|
2.90%, 6/18/2026 (a)
|
EUR2,500,000
|
2,916,968
|
|
2.10%, 3/15/2028 (a)
|
EUR48,770,000
|
56,468,928
|
|
|
|
66,115,050
|
|
Guatemala — 0.2%
|
||
|
Republic of Guatemala
|
|
|
|
6.05%, 8/6/2031 (b)
|
2,155,000
|
2,231,502
|
|
6.05%, 8/6/2031 (a)
|
1,400,000
|
1,449,700
|
|
|
|
3,681,202
|
|
Honduras — 0.1%
|
||
|
Republic of Honduras 8.63%, 11/27/2034 (a)
|
1,300,000
|
1,481,350
|
|
Italy — 1.7%
|
||
|
Buoni Poliennali del Tesoro 3.60%, 10/1/2035 (a)
|
EUR29,160,000
|
34,099,703
|
|
Italian Republic Government Bond 2.88%, 10/17/2029
|
1,135,000
|
1,081,803
|
|
|
|
35,181,506
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Ivory Coast — 0.3%
|
||
|
Republic of Cote d'Ivoire
|
|
|
|
8.08%, 4/1/2036 (b)
|
2,788,000
|
3,033,693
|
|
8.25%, 1/30/2037 (a)
|
920,000
|
1,012,575
|
|
6.88%, 10/17/2040 (b)
|
EUR1,053,000
|
1,242,245
|
|
6.88%, 10/17/2040 (a)
|
EUR300,000
|
353,916
|
|
|
|
5,642,429
|
|
Japan — 0.3%
|
||
|
Japan Government Bond 3.10%, 3/20/2065
|
JPY1,202,750,000
|
6,417,738
|
|
Kenya — 0.1%
|
||
|
Republic of Kenya 9.75%, 2/16/2031 (a)
|
2,880,000
|
3,110,486
|
|
Mexico — 4.2%
|
||
|
Eagle Funding Luxco SARL 5.50%, 8/17/2030 (b)
|
2,888,000
|
2,902,440
|
|
Mex Bonos Desarr Fix Rt
|
|
|
|
8.50%, 2/28/2030
|
MXN310,700,000
|
18,014,713
|
|
7.75%, 5/29/2031
|
MXN118,020,000
|
6,589,603
|
|
7.50%, 5/26/2033
|
MXN165,870,000
|
8,845,467
|
|
7.75%, 11/23/2034
|
MXN634,000,000
|
33,604,798
|
|
8.00%, 5/24/2035
|
MXN205,230,000
|
10,979,811
|
|
United Mexican States
|
|
|
|
5.38%, 5/16/2040
|
EUR2,007,000
|
2,335,861
|
|
3.77%, 5/24/2061
|
2,397,000
|
1,440,190
|
|
|
|
84,712,883
|
|
Morocco — 0.3%
|
||
|
Kingdom of Morocco
|
|
|
|
6.50%, 9/8/2033 (a)
|
1,975,000
|
2,100,650
|
|
5.13%, 5/26/2038 (b)
|
EUR1,773,000
|
2,078,388
|
|
4.00%, 12/15/2050 (a)
|
1,535,000
|
1,084,201
|
|
|
|
5,263,239
|
|
New Zealand — 0.1%
|
||
|
New Zealand Government Bond
|
|
|
|
4.50%, 4/15/2027 (a)
|
NZD952,000
|
577,682
|
|
2.75%, 4/15/2037 (a)
|
NZD3,201,000
|
1,611,937
|
|
|
|
2,189,619
|
|
Nigeria — 0.2%
|
||
|
Federal Republic of Nigeria 6.13%, 9/28/2028 (a)
|
3,100,000
|
3,128,117
|
|
Pakistan — 0.1%
|
||
|
Islamic Republic of Pakistan
|
|
|
|
6.88%, 12/5/2027 (a)
|
1,190,000
|
1,192,136
|
|
6.98%, 4/24/2029 (b)
|
1,184,000
|
1,161,800
|
|
|
|
2,353,936
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Panama — 0.2%
|
||
|
Republic of Panama
|
|
|
|
5.66%, 2/23/2038
|
1,020,000
|
1,021,275
|
|
3.87%, 7/23/2060
|
5,000,000
|
3,426,250
|
|
|
|
4,447,525
|
|
Paraguay — 0.2%
|
||
|
Republic of Paraguay
|
|
|
|
6.00%, 2/9/2036 (a)
|
2,600,000
|
2,733,900
|
|
5.60%, 3/13/2048 (a)
|
931,000
|
873,380
|
|
|
|
3,607,280
|
|
Poland — 0.4%
|
||
|
Republic of Poland
|
|
|
|
2.00%, 8/25/2036
|
PLN17,190,433
|
4,302,526
|
|
5.50%, 3/18/2054
|
3,520,000
|
3,260,893
|
|
|
|
7,563,419
|
|
Republic of North Macedonia — 0.1%
|
||
|
Republic of North Macedonia 4.75%, 1/21/2034 (b)
|
EUR1,366,000
|
1,565,914
|
|
Romania — 0.2%
|
||
|
Romania Government Bond
|
|
|
|
6.75%, 7/11/2039 (a)
|
EUR456,000
|
558,472
|
|
2.88%, 4/13/2042 (a)
|
EUR2,300,000
|
1,792,406
|
|
4.00%, 2/14/2051 (a)
|
2,800,000
|
1,904,616
|
|
|
|
4,255,494
|
|
South Africa — 1.8%
|
||
|
Republic of South Africa
|
|
|
|
8.50%, 1/31/2037
|
ZAR135,400,000
|
8,214,836
|
|
9.00%, 1/31/2040
|
ZAR401,019,000
|
24,755,903
|
|
5.65%, 9/27/2047
|
400,000
|
336,500
|
|
7.95%, 11/19/2054 (a)
|
1,300,000
|
1,384,500
|
|
7.25%, 12/11/2055 (b)
|
745,000
|
734,011
|
|
7.25%, 12/11/2055 (a)
|
387,000
|
381,292
|
|
|
|
35,807,042
|
|
Suriname — 0.1%
|
||
|
Suriname Government International Bond
|
|
|
|
7.70%, 11/6/2030 (b)
|
444,000
|
458,368
|
|
8.50%, 11/6/2035 (b)
|
1,219,000
|
1,305,890
|
|
8.50%, 11/6/2035 (a)
|
400,000
|
428,512
|
|
|
|
2,192,770
|
|
Turkey — 1.1%
|
||
|
Istanbul Metropolitan Municipality 10.50%, 12/6/2028 (a)
|
1,280,000
|
1,373,619
|
|
Republic of Turkiye (The)
|
|
|
|
36.00%, 8/12/2026
|
TRY475,730,253
|
10,293,736
|
|
30.00%, 9/12/2029
|
TRY150,015,334
|
2,832,482
|
|
7.25%, 5/29/2032
|
3,975,000
|
4,058,853
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Foreign Government Securities — continued
|
||
|
Turkey—continued
|
||
|
6.30%, 3/14/2033
|
2,403,000
|
2,334,515
|
|
5.75%, 5/11/2047
|
2,350,000
|
1,844,750
|
|
|
|
22,737,955
|
|
Uzbekistan — 0.2%
|
||
|
Republic of Uzbekistan International Bond 6.95%, 5/25/2032 (a)
|
3,340,000
|
3,586,425
|
|
Total Foreign Government Securities
(Cost $663,299,793)
|
|
671,954,528
|
|
U.S. Treasury Obligations — 3.1%
|
||
|
United States — 3.1%
|
||
|
U.S. Treasury Notes
|
|
|
|
3.88%, 3/31/2028
|
19,600,000
|
19,555,594
|
|
3.75%, 4/30/2028
|
10,320,000
|
10,271,625
|
|
4.00%, 5/31/2028
|
10,530,000
|
10,530,411
|
|
3.50%, 2/28/2031
|
21,250,000
|
20,677,246
|
|
Total U.S. Treasury Obligations
(Cost $61,236,769)
|
|
61,034,876
|
|
Commercial Mortgage-Backed Securities — 0.1%
|
||
|
United States — 0.1%
|
||
|
BANK Series 2018-BN13, Class C, 4.56%, 8/15/2061 (k)
|
118,000
|
106,035
|
|
Benchmark Mortgage Trust Series 2019-B11, Class C, 3.75%, 5/15/2052 (k)
|
315,000
|
246,745
|
|
BX Commercial Mortgage Trust Series 2024-MF, Class B, 5.32%, 2/15/2039 (b) (k)
|
283,345
|
283,965
|
|
CCUBS Commercial Mortgage Trust Series 2017-C1, Class C, 4.38%, 11/15/2050 (k)
|
28,000
|
26,519
|
|
CD Mortgage Trust Series 2016-CD2, Class C, 3.98%, 11/10/2049 (k)
|
21,000
|
12,387
|
|
FHLMC, Multi-Family Structured Pass-Through Certificates
|
|
|
|
Series K739, Class X1, IO, 1.17%, 9/25/2027 (k)
|
1,945,644
|
16,651
|
|
Series K072, Class X3, IO, 2.14%, 12/25/2045 (k)
|
400,000
|
12,928
|
|
Series K089, Class X3, IO, 2.30%, 1/25/2046 (k)
|
850,000
|
48,992
|
|
Series K078, Class X3, IO, 2.21%, 6/25/2046 (k)
|
1,820,000
|
72,618
|
|
Series K088, Class X3, IO, 2.35%, 2/25/2047 (k)
|
880,000
|
50,873
|
|
FREMF Series 2018-KF46, Class B, 5.71%, 3/25/2028 (b) (k)
|
15,710
|
15,281
|
|
FREMF Mortgage Trust Series 2017-KF38, Class B, 6.26%, 9/25/2024 (b) (k)
|
18,305
|
18,299
|
|
GS Mortgage Securities Trust Series 2015-GC30, Class C, 4.00%, 5/10/2050 (k)
|
36,000
|
31,121
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
|
Series 2015-C30, Class C, 4.11%, 7/15/2048 (k)
|
62,000
|
50,606
|
|
Series 2015-C31, Class C, 4.53%, 8/15/2048 (k)
|
23,000
|
17,881
|
|
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP4, Class C, 3.38%,
12/15/2049 (k)
|
28,000
|
25,896
|
|
Morgan Stanley Capital I Trust Series 2015-MS1, Class B, 4.03%, 5/15/2048 (k)
|
15,148
|
14,693
|
|
SDR Commercial Mortgage Trust Series 2024-DSNY, Class B, 5.37%, 5/15/2039 (b) (k)
|
378,000
|
378,473
|
|
UBS Commercial Mortgage Trust Series 2017-C7, Class B, 4.29%, 12/15/2050 (k)
|
106,000
|
102,669
|
|
Velocity Commercial Capital Loan Trust
|
|
|
|
Series 2018-2, Class A, 4.05%, 10/26/2048 (b) (k)
|
27,893
|
27,322
|
|
Series 2019-1, Class M1, 3.94%, 3/25/2049 (b) (k)
|
44,010
|
41,116
|
|
Total Commercial Mortgage-Backed Securities
(Cost $1,761,006)
|
|
1,601,070
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Asset-Backed Securities — 0.1%
|
||
|
Cayman Islands — 0.0% ^
|
||
|
Dryden CLO Ltd. Series 2019-68A, Class ARR, 4.77%, 7/15/2035 (b) (k)
|
330,000
|
330,024
|
|
United States — 0.1%
|
||
|
Accelerated Assets LLC Series 2018-1, Class C, 6.65%, 12/2/2033 (b)
|
17,502
|
16,910
|
|
Chase Funding Trust Series 2003-6, Class 1A7, 4.82%, 11/25/2034 (i)
|
38,035
|
37,372
|
|
Credit-Based Asset Servicing and Securitization LLC Series 2004-CB5, Class M1, 4.61%,
1/25/2034 (k)
|
51,329
|
56,363
|
|
Exeter Automobile Receivables Trust Series 2024-3A, Class D, 5.98%, 9/16/2030
|
300,000
|
305,936
|
|
JetBlue Pass-Through Trust Series 2019-1, Class A, 2.95%, 5/15/2028
|
34,759
|
32,510
|
|
US Auto Funding Series 2021-1A, Class C, 2.20%, 5/15/2026 (b)
|
187,691
|
143,251
|
|
|
|
592,342
|
|
Total Asset-Backed Securities
(Cost $963,125)
|
|
922,366
|
|
|
SHARES
|
|
|
Common Stocks — 0.0% ^
|
||
|
France — 0.0% ^
|
||
|
Altice France SA ‡ *
|
754
|
12,533
|
|
United States — 0.0% ^
|
||
|
Altice France SA ‡
|
32,241
|
653,515
|
|
Total Common Stocks
(Cost $499,735)
|
|
666,048
|
|
|
PRINCIPAL
AMOUNT($)
|
|
|
Collateralized Mortgage Obligations — 0.0% ^
|
||
|
United States — 0.0% ^
|
||
|
Alternative Loan Trust
|
|
|
|
Series 2004-25CB, Class A1, 6.00%, 12/25/2034
|
56,425
|
48,664
|
|
Series 2005-6CB, Class 1A6, 5.50%, 4/25/2035
|
38,949
|
33,088
|
|
Series 2007-2CB, Class 1A6, 5.75%, 3/25/2037
|
104,454
|
50,747
|
|
Chase Mortgage Finance Trust Series 2007-A1, Class 1A5, 6.33%, 2/25/2037 (k)
|
3,359
|
3,376
|
|
CHL Mortgage Pass-Through Trust Series 2007-16, Class A1, 6.50%, 10/25/2037
|
40,115
|
16,027
|
|
FHLMC, REMIC
|
|
|
|
Series 4305, Class SK, IF, IO, 2.84%, 2/15/2044 (k)
|
273,435
|
36,636
|
|
Series 4689, Class SD, IF, IO, 2.39%, 6/15/2047 (k)
|
186,794
|
20,064
|
|
Series 5022, IO, 3.00%, 9/25/2050
|
297,152
|
48,966
|
|
Series 5023, Class MI, IO, 3.00%, 10/25/2050
|
519,415
|
83,298
|
|
Series 4839, Class WS, IF, IO, 2.34%, 8/15/2056 (k)
|
1,425,480
|
178,108
|
|
FNMA, REMIC
|
|
|
|
Series 2012-146, Class AI, IO, 3.00%, 1/25/2028
|
66,736
|
787
|
|
Series 2016-68, Class BI, IO, 3.00%, 10/25/2031
|
181,915
|
8,180
|
|
Series 2012-93, Class SE, IF, IO, 2.37%, 9/25/2042 (k)
|
52,982
|
5,238
|
|
Series 2012-124, Class UI, IO, 4.00%, 11/25/2042
|
55,355
|
9,486
|
|
Series 2015-40, Class LS, IF, IO, 2.44%, 6/25/2045 (k)
|
140,563
|
13,881
|
|
Series 2017-31, Class SG, IF, IO, 2.37%, 5/25/2047 (k)
|
491,465
|
50,672
|
|
Series 2017-39, Class ST, IF, IO, 2.37%, 5/25/2047 (k)
|
136,288
|
14,417
|
|
FNMA, STRIPS Series 409, Class 27, IO, 4.00%, 4/25/2027 (k)
|
1,371
|
11
|
|
GNMA Series 2015-H13, Class GI, IO, 1.55%, 4/20/2065 (k)
|
16,700
|
504
|
|
Merrill Lynch Mortgage Investors Trust Series 2004-C, Class A1, 4.26%, 7/25/2029 (k)
|
4,144
|
4,122
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT($)
|
VALUE($)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Structured Adjustable Rate Mortgage Loan Trust Series 2004-8, Class 3A, 5.54%, 7/25/2034 (k)
|
6,698
|
6,550
|
|
Total Collateralized Mortgage Obligations
(Cost $877,921)
|
|
632,822
|
|
Convertible Bonds — 0.0% ^
|
||
|
China — 0.0% ^
|
||
|
Country Garden Holdings Co. Ltd.
|
|
|
|
Series AI, Zero Coupon, 12/31/2031
|
355,931
|
32,034
|
|
Series AI, Zero Coupon, 12/31/2034
|
11,428
|
286
|
|
Total Convertible Bonds
(Cost $37,658)
|
|
32,320
|
|
|
SHARES
|
|
|
Short-Term Investments — 4.2%
|
|
|
|
Investment Companies — 4.2%
|
||
|
JPMorgan U.S. Government Money Market Fund Class IM Shares, 3.58% (l) (m)
(Cost $84,575,166)
|
84,575,166
|
84,575,166
|
|
Total Investments — 98.2%
(Cost $1,956,213,005)
|
|
1,973,722,240
|
|
Other Assets in Excess of Liabilities — 1.8%
|
|
36,216,464
|
|
NET ASSETS — 100.0%
|
|
2,009,938,704
|
|
Percentages indicated are based on net assets.
|
|
Abbreviations
|
|
|
AUD
|
Australian Dollar
|
|
BRL
|
Brazilian Real
|
|
CAD
|
Canadian Dollar
|
|
CLO
|
Collateralized Loan Obligations
|
|
CME
|
Chicago Mercantile Exchange
|
|
COP
|
Colombian Peso
|
|
CZK
|
Czech Republic Koruna
|
|
EUR
|
Euro
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GBP
|
British Pound
|
|
GNMA
|
Government National Mortgage Association
|
|
ICE
|
Intercontinental Exchange
|
|
IF
|
Inverse Floaters represent securities that pay interest at a rate that increases (decreases)
with a decline (incline) in a specified index or have an interest
rate that adjusts periodically based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the
rate in effect as of May 31, 2026. The rate may be subject to a cap and floor.
|
|
IO
|
Interest Only represents the right to receive the monthly interest payments on an
underlying pool of mortgage loans. The principal amount shown
represents the par value on the underlying pool. The yields on these securities are
subject to accelerated principal paydowns as a result of prepayment or
refinancing of the underlying pool of mortgage instruments. As a result, interest
income may be reduced considerably.
|
|
JPY
|
Japanese Yen
|
|
JSC
|
Joint Stock Company
|
|
MXN
|
Mexican Peso
|
|
NZD
|
New Zealand Dollar
|
|
PIK
|
Payment In Kind
|
|
PLN
|
Polish Zloty
|
|
PT
|
Limited liability company
|
|
REIT
|
Real Estate Investment Trust
|
|
REMIC
|
Real Estate Mortgage Investment Conduit
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
SONIA
|
Sterling Overnight Index Average
|
|
STRIPS
|
Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program
lets investors hold and trade individual interest and principal
components of eligible notes and bonds as separate securities.
|
|
TRY
|
Turkish Lira
|
|
USD
|
United States Dollar
|
|
ZAR
|
South African Rand
|
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
|
‡
|
Value determined using significant unobservable inputs.
|
|
|
*
|
Non-income producing security.
|
|
|
(a)
|
Security exempt from registration pursuant to Regulation S under the Securities Act
of 1933, as amended. Regulation S applies to securities
offerings that are made outside of the United States and do not involve direct selling
efforts in the United States and as such may have
restrictions on resale.
|
|
|
(b)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
|
(c)
|
Contingent Capital security (“CoCo”). CoCos are hybrid debt securities that may be convertible into equity or may be written down if a
pre-specified trigger event occurs. The total value of aggregate CoCo holdings at May 31, 2026 is $41,907,593 or 2.09% of the Fund’s net
assets as of May 31, 2026.
|
|
|
(d)
|
All or a portion of the security is a when-issued security, delayed delivery security,
or forward commitment.
|
|
|
(e)
|
Security is an interest bearing note with preferred security characteristics.
|
|
|
(f)
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon
rate for this security is fixed for a period of time
and may be structured to adjust thereafter. The date shown, if applicable, reflects
the next call date. The coupon rate shown is the rate in
effect as of May 31, 2026.
|
|
|
(g)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of May 31, 2026.
|
|
|
(h)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
|
|
|
(i)
|
Step bond. Interest rate is a fixed rate for an initial period that either resets
at a specific date or may reset in the future contingent upon a
predetermined trigger. The interest rate shown is the current rate as of May 31, 2026.
|
|
|
(j)
|
Defaulted security.
|
|
|
(k)
|
Variable or floating rate security, the interest rate of which adjusts periodically
based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the current rate as of
May 31, 2026.
|
|
|
(l)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
|
(m)
|
The rate shown is the current yield as of May 31, 2026.
|
|
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
|
Long Contracts
|
|
|
|
|
|
|
Euro-BTP
|
396
|
06/08/2026
|
EUR
|
54,970,053
|
(346,978
)
|
|
Euro-Buxl 30 Year Bond
|
54
|
06/08/2026
|
EUR
|
6,907,001
|
(134,266
)
|
|
Euro-Schatz
|
1,701
|
06/08/2026
|
EUR
|
210,269,238
|
(1,259,292
)
|
|
Australia 10 Year Bond
|
1,295
|
06/15/2026
|
AUD
|
101,480,846
|
784,305
|
|
Canada 10 Year Bond
|
31
|
09/18/2026
|
CAD
|
2,706,162
|
(2,291
)
|
|
U.S. Treasury 10 Year Note
|
238
|
09/21/2026
|
USD
|
26,153,969
|
248,771
|
|
U.S. Treasury 10 Year Ultra Note
|
325
|
09/21/2026
|
USD
|
36,466,016
|
125,328
|
|
Long Gilt
|
75
|
09/28/2026
|
GBP
|
8,962,962
|
48,159
|
|
U.S. Treasury 2 Year Note
|
1,702
|
09/30/2026
|
USD
|
351,675,750
|
726,778
|
|
U.S. Treasury 5 Year Note
|
203
|
09/30/2026
|
USD
|
21,776,508
|
136,631
|
|
|
|
|
|
|
327,145
|
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
|
Short Contracts
|
|
|
|
|
|
|
Euro-Bobl
|
(544
)
|
06/08/2026
|
EUR
|
(73,598,161
)
|
102,489
|
|
Euro-Bund
|
(190
)
|
06/08/2026
|
EUR
|
(27,983,452
)
|
339,474
|
|
Euro-Schatz
|
(3
)
|
06/08/2026
|
EUR
|
(370,845
)
|
(125
)
|
|
Japan 10 Year Bond
|
(27
)
|
06/15/2026
|
JPY
|
(21,845,478
)
|
505,160
|
|
U.S. Treasury 10 Year Note
|
(273
)
|
09/21/2026
|
USD
|
(30,000,141
)
|
(279,755
)
|
|
U.S. Treasury 10 Year Ultra Note
|
(574
)
|
09/21/2026
|
USD
|
(64,404,594
)
|
(900,176
)
|
|
U.S. Treasury Long Bond
|
(46
)
|
09/21/2026
|
USD
|
(5,170,688
)
|
(105,328
)
|
|
U.S. Treasury Ultra Bond
|
(539
)
|
09/21/2026
|
USD
|
(61,782,875
)
|
(1,358,891
)
|
|
U.S. Treasury 2 Year Note
|
(8
)
|
09/30/2026
|
USD
|
(1,653,000
)
|
(3,637
)
|
|
U.S. Treasury 5 Year Note
|
(532
)
|
09/30/2026
|
USD
|
(57,069,469
)
|
(350,133
)
|
|
|
|
|
|
|
(2,050,922
)
|
|
|
|
|
|
|
(1,723,777
)
|
|
Abbreviations
|
|
|
AUD
|
Australian Dollar
|
|
CAD
|
Canadian Dollar
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
USD
|
United States Dollar
|
|
CURRENCY
PURCHASED
|
CURRENCY
SOLD
|
COUNTERPARTY
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
||
|
BRL
|
23,967,054
|
USD
|
4,739,269
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
11,809
|
|
CHF
|
3,744,080
|
JPY
|
753,220,910
|
BNP Paribas
|
6/2/2026
|
67,364
|
|
CHF
|
3,744,070
|
JPY
|
753,344,385
|
Citibank, NA
|
6/2/2026
|
66,576
|
|
CHF
|
110,973
|
USD
|
142,106
|
Citibank, NA
|
6/2/2026
|
66
|
|
CNY
|
13,433,066
|
USD
|
1,970,563
|
Citibank, NA**
|
6/2/2026
|
15,021
|
|
CNY
|
312,822,098
|
USD
|
46,057,760
|
Goldman Sachs International**
|
6/2/2026
|
181,445
|
|
COP
|
128,496,505,778
|
USD
|
33,904,091
|
Goldman Sachs International**
|
6/2/2026
|
949,508
|
|
CZK
|
198,730,363
|
EUR
|
8,158,644
|
BNP Paribas
|
6/2/2026
|
28,305
|
|
GBP
|
7,130,932
|
EUR
|
8,170,928
|
Goldman Sachs International
|
6/2/2026
|
72,656
|
|
GBP
|
3,552,776
|
USD
|
4,763,317
|
BNP Paribas
|
6/2/2026
|
21,205
|
|
GBP
|
14,685,240
|
USD
|
19,724,112
|
HSBC Bank, NA
|
6/2/2026
|
52,501
|
|
INR
|
773,325,095
|
USD
|
8,071,098
|
Citibank, NA**
|
6/2/2026
|
69,166
|
|
MXN
|
166,645,334
|
USD
|
9,366,570
|
Morgan Stanley
|
6/2/2026
|
245,550
|
|
NZD
|
3,557,996
|
USD
|
2,113,573
|
Citibank, NA
|
6/2/2026
|
17,133
|
|
PLN
|
12,440,665
|
USD
|
3,427,787
|
Morgan Stanley
|
6/2/2026
|
2,465
|
|
TRY
|
356,684,208
|
USD
|
7,651,080
|
Barclays Bank plc
|
6/2/2026
|
121,173
|
|
TRY
|
88,768,788
|
USD
|
1,914,104
|
Goldman Sachs International
|
6/2/2026
|
20,194
|
|
TWD
|
303,368,031
|
USD
|
9,589,026
|
Barclays Bank plc**
|
6/2/2026
|
95,353
|
|
TWD
|
300,990,520
|
USD
|
9,483,302
|
BNP Paribas**
|
6/2/2026
|
125,181
|
|
TWD
|
304,104,760
|
USD
|
9,611,402
|
Goldman Sachs International**
|
6/2/2026
|
96,496
|
|
USD
|
15,569,678
|
BRL
|
78,370,287
|
Goldman Sachs International**
|
6/2/2026
|
34,043
|
|
USD
|
168,390,776
|
CAD
|
231,110,588
|
BNP Paribas
|
6/2/2026
|
755,344
|
|
USD
|
19,555,009
|
CLP
|
17,387,140,273
|
Goldman Sachs International**
|
6/2/2026
|
19,774
|
|
USD
|
35,498,234
|
COP
|
128,496,505,778
|
Goldman Sachs International**
|
6/2/2026
|
644,635
|
|
USD
|
16,268,798
|
CZK
|
336,242,868
|
Goldman Sachs International
|
6/2/2026
|
119,852
|
|
USD
|
67,343,359
|
EUR
|
57,025,419
|
BNP Paribas
|
6/2/2026
|
828,909
|
|
USD
|
9,568,697
|
EUR
|
8,148,260
|
Goldman Sachs International
|
6/2/2026
|
64,567
|
|
USD
|
9,619,759
|
EUR
|
8,200,841
|
HSBC Bank, NA
|
6/2/2026
|
54,298
|
|
USD
|
9,647,074
|
EUR
|
8,188,254
|
Morgan Stanley
|
6/2/2026
|
96,294
|
|
USD
|
9,617,740
|
GBP
|
7,124,336
|
Citibank, NA
|
6/2/2026
|
23,396
|
|
USD
|
14,361,085
|
GBP
|
10,600,133
|
Goldman Sachs International
|
6/2/2026
|
85,886
|
|
USD
|
6,982,414
|
GBP
|
5,159,252
|
HSBC Bank, NA
|
6/2/2026
|
34,450
|
|
USD
|
550,441
|
GBP
|
407,655
|
Morgan Stanley
|
6/2/2026
|
1,452
|
|
USD
|
4,719,332
|
IDR
|
83,952,194,256
|
Citibank, NA**
|
6/2/2026
|
21,391
|
|
USD
|
25,102,225
|
IDR
|
430,751,676,222
|
Goldman Sachs International**
|
6/2/2026
|
997,487
|
|
USD
|
28,884,315
|
IDR
|
511,447,171,156
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
263,881
|
|
USD
|
8,232,468
|
INR
|
773,325,095
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
92,204
|
|
USD
|
9,533,464
|
JPY
|
1,496,471,629
|
Goldman Sachs International
|
6/2/2026
|
137,353
|
|
USD
|
1,178,615
|
KRW
|
1,739,210,811
|
BNP Paribas**
|
6/2/2026
|
24,526
|
|
USD
|
9,524,444
|
KRW
|
14,094,272,914
|
Goldman Sachs International**
|
6/2/2026
|
171,908
|
|
USD
|
88,928,660
|
MXN
|
1,538,536,508
|
Goldman Sachs International
|
6/2/2026
|
185,710
|
|
USD
|
28,297,791
|
PHP
|
1,703,945,987
|
Goldman Sachs International**
|
6/2/2026
|
635,209
|
|
USD
|
4,467,637
|
PLN
|
16,091,195
|
Goldman Sachs International
|
6/2/2026
|
30,828
|
|
USD
|
18,172,198
|
SGD
|
23,102,860
|
Goldman Sachs International
|
6/2/2026
|
70,055
|
|
ZAR
|
79,300,763
|
USD
|
4,777,140
|
Citibank, NA
|
6/2/2026
|
113,440
|
|
ZAR
|
277,248,488
|
USD
|
16,898,559
|
HSBC Bank, NA
|
6/2/2026
|
199,714
|
|
EUR
|
580,040,884
|
USD
|
675,094,445
|
HSBC Bank, NA
|
6/3/2026
|
1,496,480
|
|
GBP
|
16,186,864
|
USD
|
21,712,027
|
Standard Chartered Bank
|
6/3/2026
|
86,770
|
|
USD
|
533,680
|
EUR
|
455,180
|
Barclays Bank plc
|
6/3/2026
|
2,733
|
|
USD
|
668,850,729
|
EUR
|
572,115,202
|
BNP Paribas
|
6/3/2026
|
1,504,745
|
|
USD
|
14,898,019
|
EUR
|
12,641,823
|
Morgan Stanley
|
6/3/2026
|
151,916
|
|
USD
|
21,836,080
|
GBP
|
16,186,864
|
BNP Paribas
|
6/3/2026
|
37,283
|
|
BRL
|
10,724,145
|
USD
|
2,113,174
|
Goldman Sachs International**
|
6/22/2026
|
2,743
|
|
CLP
|
4,470,596,070
|
USD
|
4,999,548
|
HSBC Bank (Hong Kong)**
|
6/22/2026
|
24,128
|
|
EUR
|
4,302,628
|
USD
|
5,015,462
|
Goldman Sachs International
|
6/22/2026
|
7,545
|
|
GBP
|
7,296,814
|
USD
|
9,756,235
|
Goldman Sachs International
|
6/22/2026
|
70,011
|
|
GBP
|
7,360,851
|
USD
|
9,885,873
|
HSBC Bank, NA
|
6/22/2026
|
26,608
|
|
THB
|
320,084,573
|
USD
|
9,818,666
|
BNP Paribas
|
6/22/2026
|
32,492
|
|
CURRENCY
PURCHASED
|
CURRENCY
SOLD
|
COUNTERPARTY
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
||
|
TRY
|
222,001,064
|
USD
|
4,721,813
|
Barclays Bank plc
|
6/22/2026
|
27,751
|
|
TWD
|
561,710,469
|
USD
|
17,791,412
|
Goldman Sachs International**
|
6/22/2026
|
41,407
|
|
USD
|
60,763,581
|
AUD
|
83,794,645
|
Morgan Stanley
|
6/22/2026
|
559,832
|
|
USD
|
4,794,553
|
BRL
|
24,148,532
|
Citibank, NA**
|
6/22/2026
|
29,952
|
|
USD
|
12,911,698
|
BRL
|
64,968,439
|
HSBC Bank, NA**
|
6/22/2026
|
93,168
|
|
USD
|
183,116,693
|
CAD
|
250,887,375
|
Citibank, NA
|
6/22/2026
|
977,564
|
|
USD
|
12,659,720
|
COP
|
46,290,267,601
|
Barclays Bank plc**
|
6/22/2026
|
170,236
|
|
USD
|
12,133,307
|
CZK
|
251,995,686
|
Goldman Sachs International
|
6/22/2026
|
27,892
|
|
USD
|
52,292,899
|
EUR
|
44,572,984
|
BNP Paribas
|
6/22/2026
|
257,170
|
|
USD
|
2,575,585
|
EUR
|
2,183,972
|
Citibank, NA
|
6/22/2026
|
25,956
|
|
USD
|
8,568,581
|
EUR
|
7,262,743
|
HSBC Bank, NA
|
6/22/2026
|
89,855
|
|
USD
|
3,396,883
|
EUR
|
2,879,494
|
Morgan Stanley
|
6/22/2026
|
35,282
|
|
USD
|
9,784,249
|
GBP
|
7,236,554
|
BNP Paribas
|
6/22/2026
|
39,153
|
|
USD
|
9,816,724
|
IDR
|
173,790,382,244
|
Citibank, NA**
|
6/22/2026
|
80,987
|
|
USD
|
24,457,785
|
IDR
|
429,123,326,561
|
HSBC Bank, NA**
|
6/22/2026
|
418,296
|
|
USD
|
6,590,712
|
JPY
|
1,037,703,262
|
BNP Paribas
|
6/22/2026
|
64,330
|
|
USD
|
9,831,764
|
JPY
|
1,555,717,335
|
Goldman Sachs International
|
6/22/2026
|
47,458
|
|
USD
|
1,149,768
|
KRW
|
1,712,257,365
|
HSBC Bank, NA**
|
6/22/2026
|
13,865
|
|
USD
|
82,812,335
|
MXN
|
1,428,150,557
|
Morgan Stanley
|
6/22/2026
|
576,332
|
|
USD
|
4,889,173
|
PHP
|
296,528,367
|
Goldman Sachs International**
|
6/22/2026
|
74,584
|
|
USD
|
1,006,972
|
PLN
|
3,650,530
|
HSBC Bank, NA
|
6/22/2026
|
453
|
|
ZAR
|
33,966,396
|
USD
|
2,057,164
|
HSBC Bank, NA
|
6/22/2026
|
34,144
|
|
Total unrealized appreciation
|
15,094,894
|
|||||
|
AUD
|
51,602,986
|
USD
|
37,420,520
|
Morgan Stanley
|
6/2/2026
|
(330,873
)
|
|
BRL
|
64,968,439
|
USD
|
12,967,882
|
HSBC Bank, NA**
|
6/2/2026
|
(88,945
)
|
|
CAD
|
250,887,375
|
USD
|
182,963,561
|
Citibank, NA
|
6/2/2026
|
(983,092
)
|
|
CAD
|
13,425,240
|
USD
|
9,871,680
|
Morgan Stanley
|
6/2/2026
|
(133,719
)
|
|
CHF
|
3,668,673
|
USD
|
4,721,462
|
BNP Paribas
|
6/2/2026
|
(21,349
)
|
|
CHF
|
3,710,198
|
USD
|
4,777,090
|
Goldman Sachs International
|
6/2/2026
|
(23,777
)
|
|
CLP
|
17,387,140,273
|
USD
|
19,633,397
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
(98,163
)
|
|
CZK
|
251,995,686
|
USD
|
12,131,105
|
Goldman Sachs International
|
6/2/2026
|
(28,351
)
|
|
EUR
|
12,222,390
|
CHF
|
11,230,396
|
BNP Paribas
|
6/2/2026
|
(131,603
)
|
|
EUR
|
4,343,928
|
USD
|
5,126,244
|
Barclays Bank plc
|
6/2/2026
|
(59,486
)
|
|
EUR
|
58,471,393
|
USD
|
68,803,434
|
BNP Paribas
|
6/2/2026
|
(602,403
)
|
|
EUR
|
8,170,928
|
USD
|
9,563,622
|
Goldman Sachs International
|
6/2/2026
|
(33,051
)
|
|
EUR
|
10,337,649
|
USD
|
12,172,574
|
HSBC Bank, NA
|
6/2/2026
|
(114,740
)
|
|
EUR
|
4,346,058
|
USD
|
5,096,562
|
Morgan Stanley
|
6/2/2026
|
(27,319
)
|
|
GBP
|
3,517,707
|
USD
|
4,803,030
|
Merrill Lynch International
|
6/2/2026
|
(65,734
)
|
|
GBP
|
1,481,032
|
USD
|
2,015,221
|
Morgan Stanley
|
6/2/2026
|
(20,715
)
|
|
IDR
|
83,952,194,256
|
USD
|
4,850,821
|
Citibank, NA**
|
6/2/2026
|
(152,881
)
|
|
IDR
|
430,751,676,222
|
USD
|
24,214,496
|
Goldman Sachs International**
|
6/2/2026
|
(109,758
)
|
|
IDR
|
82,323,844,595
|
USD
|
4,627,795
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
(20,977
)
|
|
IDR
|
429,123,326,561
|
USD
|
24,475,501
|
HSBC Bank, NA**
|
6/2/2026
|
(461,884
)
|
|
JPY
|
3,003,036,924
|
USD
|
18,987,791
|
BNP Paribas
|
6/2/2026
|
(132,192
)
|
|
KRW
|
15,833,483,725
|
USD
|
10,908,211
|
HSBC Bank, NA**
|
6/2/2026
|
(401,586
)
|
|
MXN
|
1,428,150,557
|
USD
|
82,953,753
|
Morgan Stanley
|
6/2/2026
|
(577,877
)
|
|
PHP
|
290,827,300
|
USD
|
4,742,007
|
Goldman Sachs International**
|
6/2/2026
|
(20,593
)
|
|
PHP
|
1,413,118,687
|
USD
|
22,951,416
|
HSBC Bank, NA**
|
6/2/2026
|
(10,247
)
|
|
PLN
|
3,650,530
|
USD
|
1,006,992
|
HSBC Bank, NA
|
6/2/2026
|
(435
)
|
|
SGD
|
12,132,968
|
USD
|
9,554,270
|
Barclays Bank plc
|
6/2/2026
|
(47,537
)
|
|
SGD
|
10,969,892
|
USD
|
8,649,548
|
Goldman Sachs International
|
6/2/2026
|
(54,137
)
|
|
USD
|
36,594,269
|
AUD
|
51,602,986
|
Merrill Lynch International
|
6/2/2026
|
(495,378
)
|
|
USD
|
2,079,388
|
BRL
|
10,565,205
|
Citibank, NA**
|
6/2/2026
|
(14,992
)
|
|
USD
|
4,887,121
|
CAD
|
6,750,920
|
HSBC Bank, NA
|
6/2/2026
|
(9,640
)
|
|
USD
|
19,183,469
|
CAD
|
26,451,107
|
Morgan Stanley
|
6/2/2026
|
(2,769
)
|
|
USD
|
4,799,999
|
CHF
|
3,747,599
|
BNP Paribas
|
6/2/2026
|
(1,230
)
|
|
USD
|
9,605,085
|
CNY
|
65,229,839
|
BNP Paribas**
|
6/2/2026
|
(36,740
)
|
|
USD
|
38,497,539
|
CNY
|
261,025,326
|
Goldman Sachs International**
|
6/2/2026
|
(85,425
)
|
|
USD
|
5,481,924
|
CZK
|
114,483,181
|
Morgan Stanley
|
6/2/2026
|
(16,432
)
|
|
CURRENCY
PURCHASED
|
CURRENCY
SOLD
|
COUNTERPARTY
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
||
|
USD
|
9,522,713
|
GBP
|
7,076,319
|
Standard Chartered Bank
|
6/2/2026
|
(6,967
)
|
|
USD
|
3,210,534
|
MXN
|
56,259,383
|
HSBC Bank, NA
|
6/2/2026
|
(34,513
)
|
|
USD
|
2,097,648
|
NZD
|
3,557,996
|
Barclays Bank plc
|
6/2/2026
|
(33,058
)
|
|
USD
|
4,810,094
|
TRY
|
222,001,064
|
Barclays Bank plc
|
6/2/2026
|
(27,373
)
|
|
USD
|
4,799,999
|
TRY
|
223,451,933
|
Morgan Stanley
|
6/2/2026
|
(69,084
)
|
|
USD
|
27,390,654
|
TWD
|
864,492,844
|
Goldman Sachs International**
|
6/2/2026
|
(206,443
)
|
|
USD
|
1,389,606
|
TWD
|
43,970,467
|
HSBC Bank (Hong Kong)**
|
6/2/2026
|
(14,058
)
|
|
USD
|
5,347,116
|
ZAR
|
88,727,843
|
BNP Paribas
|
6/2/2026
|
(124,845
)
|
|
USD
|
9,621,848
|
ZAR
|
158,477,736
|
Citibank, NA
|
6/2/2026
|
(151,679
)
|
|
USD
|
1,960,306
|
ZAR
|
32,143,004
|
Goldman Sachs International
|
6/2/2026
|
(21,994
)
|
|
USD
|
4,679,509
|
ZAR
|
77,200,668
|
Morgan Stanley
|
6/2/2026
|
(81,556
)
|
|
EUR
|
2,156,076
|
USD
|
2,524,582
|
Goldman Sachs International
|
6/3/2026
|
(9,619
)
|
|
EUR
|
3,015,246
|
USD
|
3,532,682
|
Standard Chartered Bank
|
6/3/2026
|
(15,537
)
|
|
AUD
|
3,622,115
|
USD
|
2,620,687
|
Morgan Stanley
|
6/22/2026
|
(18,314
)
|
|
BRL
|
24,133,894
|
USD
|
4,871,554
|
HSBC Bank (Hong Kong)**
|
6/22/2026
|
(109,841
)
|
|
CLP
|
17,387,140,273
|
USD
|
19,558,088
|
Goldman Sachs International**
|
6/22/2026
|
(19,898
)
|
|
CNY
|
261,025,326
|
USD
|
38,551,822
|
Goldman Sachs International**
|
6/22/2026
|
(108,161
)
|
|
CZK
|
44,184,639
|
USD
|
2,134,541
|
Barclays Bank plc
|
6/22/2026
|
(11,991
)
|
|
EUR
|
1,845,728
|
USD
|
2,164,825
|
Goldman Sachs International
|
6/22/2026
|
(10,071
)
|
|
EUR
|
2,008,369
|
USD
|
2,370,814
|
HSBC Bank, NA
|
6/22/2026
|
(26,189
)
|
|
EUR
|
3,784,829
|
USD
|
4,464,557
|
Morgan Stanley
|
6/22/2026
|
(46,043
)
|
|
GBP
|
7,466,097
|
USD
|
10,066,229
|
Barclays Bank plc
|
6/22/2026
|
(12,019
)
|
|
GBP
|
7,197,610
|
USD
|
9,807,535
|
Morgan Stanley
|
6/22/2026
|
(114,883
)
|
|
IDR
|
426,000,571,843
|
USD
|
24,430,542
|
BNP Paribas**
|
6/22/2026
|
(565,990
)
|
|
JPY
|
1,512,129,644
|
USD
|
9,704,529
|
Goldman Sachs International
|
6/22/2026
|
(194,357
)
|
|
KRW
|
15,048,621,200
|
USD
|
10,002,482
|
HSBC Bank, NA**
|
6/22/2026
|
(19,302
)
|
|
PHP
|
307,897,870
|
USD
|
5,003,703
|
Citibank, NA**
|
6/22/2026
|
(4,513
)
|
|
PLN
|
15,696,777
|
USD
|
4,370,547
|
BNP Paribas
|
6/22/2026
|
(42,656
)
|
|
PLN
|
7,621,977
|
USD
|
2,117,630
|
Goldman Sachs International
|
6/22/2026
|
(16,110
)
|
|
SGD
|
23,102,860
|
USD
|
18,196,816
|
Goldman Sachs International
|
6/22/2026
|
(68,601
)
|
|
TWD
|
65,713,272
|
USD
|
2,086,791
|
Bank of America NA**
|
6/22/2026
|
(569
)
|
|
USD
|
2,450,937
|
AUD
|
3,422,547
|
Goldman Sachs International
|
6/22/2026
|
(8,052
)
|
|
USD
|
33,771,323
|
COP
|
128,496,505,778
|
Goldman Sachs International**
|
6/22/2026
|
(898,062
)
|
|
USD
|
2,030,593
|
EUR
|
1,747,646
|
Morgan Stanley
|
6/22/2026
|
(9,657
)
|
|
USD
|
8,053,237
|
INR
|
773,325,095
|
Citibank, NA**
|
6/22/2026
|
(68,868
)
|
|
USD
|
2,114,949
|
NZD
|
3,557,996
|
Citibank, NA
|
6/22/2026
|
(17,162
)
|
|
USD
|
22,925,724
|
PHP
|
1,413,118,687
|
HSBC Bank, NA**
|
6/22/2026
|
(18,409
)
|
|
USD
|
2,118,542
|
PHP
|
130,650,886
|
Standard Chartered Bank**
|
6/22/2026
|
(2,774
)
|
|
USD
|
4,934,993
|
ZAR
|
81,755,562
|
Citibank, NA
|
6/22/2026
|
(98,691
)
|
|
USD
|
16,871,587
|
ZAR
|
277,248,488
|
HSBC Bank, NA
|
6/22/2026
|
(198,581
)
|
|
USD
|
4,920,364
|
ZAR
|
81,245,053
|
Morgan Stanley
|
6/22/2026
|
(81,887
)
|
|
USD
|
3,959,232
|
EUR
|
3,394,423
|
BNP Paribas
|
7/6/2026
|
(5,902
)
|
|
USD
|
676,063,114
|
EUR
|
580,040,884
|
HSBC Bank, NA
|
7/6/2026
|
(1,501,126
)
|
|
USD
|
21,710,759
|
GBP
|
16,186,864
|
Standard Chartered Bank
|
7/6/2026
|
(86,721
)
|
|
Total unrealized depreciation
|
(10,598,156
)
|
|||||
|
Net unrealized appreciation
|
4,496,738
|
|||||
|
Abbreviations
|
|
|
AUD
|
Australian Dollar
|
|
BRL
|
Brazilian Real
|
|
CAD
|
Canadian Dollar
|
|
CHF
|
Swiss Franc
|
|
CLP
|
Chile Peso
|
|
CNY
|
China Yuan
|
|
COP
|
Colombian Peso
|
|
CZK
|
Czech Republic Koruna
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
IDR
|
Indonesian Rupiah
|
|
INR
|
Indian Rupee
|
|
JPY
|
Japanese Yen
|
|
KRW
|
Korean Republic Won
|
|
MXN
|
Mexican Peso
|
|
NZD
|
New Zealand Dollar
|
|
PHP
|
Philippines Peso
|
|
PLN
|
Polish Zloty
|
|
SGD
|
Singapore Dollar
|
|
THB
|
Thai Baht
|
|
TRY
|
Turkish Lira
|
|
TWD
|
Taiwan Dollar
|
|
USD
|
United States Dollar
|
|
ZAR
|
South African Rand
|
|
**
|
Non-deliverable forward.
|
|
FLOATING RATE INDEX (a)
|
FIXED RATE
%
|
PAY/
RECEIVE
FLOATING
RATE
|
MATURITY
DATE
|
NOTIONAL
AMOUNT
|
UPFRONT
PAYMENTS
(RECEIPTS)
($)
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
VALUE ($)
|
|
6 month EURIBOR semi-annually
|
3.11 annually
|
Receive
|
7/16/2057
|
EUR14,270,000
|
4,655
|
149,007
|
153,662
|
|
6 month EURIBOR semi-annually
|
2.96 annually
|
Receive
|
7/16/2057
|
EUR8,550,000
|
—
|
388,028
|
388,028
|
|
6 month EURIBOR semi-annually
|
2.92 annually
|
Receive
|
7/14/2057
|
EUR8,925,000
|
—
|
477,215
|
477,215
|
|
1 day SONIA annually
|
4.23 annually
|
Pay
|
9/15/2028
|
GBP39,083,000
|
—
|
69,537
|
69,537
|
|
6 month EURIBOR semi-annually
|
2.89 annually
|
Pay
|
6/14/2029
|
EUR216,465,000
|
—
|
421,390
|
421,390
|
|
6 month EURIBOR semi-annually
|
2.73 annually
|
Pay
|
12/15/2028
|
EUR275,650,000
|
3,771
|
66,575
|
70,346
|
|
6 month PRIBOR semi-annually
|
3.66 annually
|
Pay
|
7/22/2028
|
CZK151,877,000
|
—
|
73,556
|
73,556
|
|
6 month PRIBOR semi-annually
|
3.64 annually
|
Pay
|
7/22/2028
|
CZK25,987,000
|
—
|
11,848
|
11,848
|
|
6 month PRIBOR semi-annually
|
3.64 annually
|
Pay
|
7/22/2028
|
CZK25,987,000
|
—
|
11,848
|
11,848
|
|
|
|
|
|
|
8,426
|
1,669,004
|
1,677,430
|
|
6 month EURIBOR semi-annually
|
2.28 annually
|
Pay
|
12/18/2029
|
EUR10,465,000
|
—
|
(179,753
)
|
(179,753
)
|
|
6 month EURIBOR semi-annually
|
2.39 annually
|
Pay
|
12/15/2028
|
EUR354,970,000
|
7,617
|
(1,217,009
)
|
(1,209,392
)
|
|
1 day SONIA annually
|
3.44 annually
|
Pay
|
9/15/2028
|
GBP55,230,000
|
—
|
(441,893
)
|
(441,893
)
|
|
1 day SONIA annually
|
3.70 annually
|
Pay
|
9/15/2028
|
GBP61,685,000
|
3,601
|
(301,717
)
|
(298,116
)
|
|
1 day SONIA annually
|
3.76 annually
|
Pay
|
9/15/2028
|
GBP413,390,000
|
—
|
(1,671,977
)
|
(1,671,977
)
|
|
1 day SONIA annually
|
4.06 annually
|
Pay
|
9/15/2028
|
GBP93,660,000
|
—
|
(29,483
)
|
(29,483
)
|
|
6 month PRIBOR semi-annually
|
4.08 annually
|
Pay
|
4/14/2029
|
CZK246,076,000
|
—
|
(19,955
)
|
(19,955
)
|
|
6 month PRIBOR semi-annually
|
4.11 annually
|
Pay
|
4/14/2029
|
CZK266,584,000
|
—
|
(11,626
)
|
(11,626
)
|
|
1 day CDI at termination
|
12.73 at termination
|
Pay
|
1/2/2029
|
BRL38,828,452
|
—
|
(282,667
)
|
(282,667
)
|
|
1 day CDI at termination
|
12.94 at termination
|
Pay
|
1/2/2029
|
BRL57,945,102
|
—
|
(313,132
)
|
(313,132
)
|
|
1 day CDI at termination
|
12.95 at termination
|
Pay
|
1/2/2031
|
BRL10,320,024
|
—
|
(79,709
)
|
(79,709
)
|
|
1 day CDI at termination
|
13.19 at termination
|
Pay
|
1/2/2029
|
BRL51,957,235
|
—
|
(163,980
)
|
(163,980
)
|
|
|
|
|
|
|
11,218
|
(4,712,901
)
|
(4,701,683
)
|
|
|
|
|
|
|
19,644
|
(3,043,897
)
|
(3,024,253
)
|
|
Abbreviations
|
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
SONIA
|
Sterling Overnight Index Average
|
|
PRIBOR
|
Prague Interbank Offered Rate
|
|
CDI
|
Certificate of interbank deposits
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
CZK
|
Czech Republic Koruna
|
|
BRL
|
Brazilian Real
|
|
(a)
|
Value of floating rate index at May 31, 2026 was as follows:
|
|||||||
|
FLOATING RATE INDEX
|
VALUE
|
|
1 day CDI
|
2.34%
|
|
1 day SONIA
|
3.73
|
|
6 month EURIBOR
|
2.55
|
|
6 month PRIBOR
|
3.68
|
|
|
|
|
||
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$—
|
$922,366
|
$—
|
$922,366
|
|
Collateralized Mortgage Obligations
|
—
|
632,822
|
—
|
632,822
|
|
Commercial Mortgage-Backed Securities
|
—
|
1,601,070
|
—
|
1,601,070
|
|
Common Stocks
|
—
|
—
|
666,048
|
666,048
|
|
Convertible Bonds
|
—
|
32,320
|
—
|
32,320
|
|
Corporate Bonds
|
—
|
1,152,303,044
|
—
|
1,152,303,044
|
|
Foreign Government Securities
|
—
|
671,954,528
|
—
|
671,954,528
|
|
U.S. Treasury Obligations
|
—
|
61,034,876
|
—
|
61,034,876
|
|
Short-Term Investments
|
|
|
|
|
|
Investment Companies
|
84,575,166
|
—
|
—
|
84,575,166
|
|
Total Investments in Securities
|
$84,575,166
|
$1,888,481,026
|
$666,048
|
$1,973,722,240
|
|
Appreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
$—
|
$15,094,894
|
$—
|
$15,094,894
|
|
Futures Contracts
|
2,232,790
|
784,305
|
—
|
3,017,095
|
|
Swaps
|
—
|
1,669,004
|
—
|
1,669,004
|
|
Depreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
$—
|
$(10,598,156
)
|
$—
|
$(10,598,156
)
|
|
Futures Contracts
|
(4,740,872
)
|
—
|
—
|
(4,740,872
)
|
|
Swaps
|
—
|
(4,712,901
)
|
—
|
(4,712,901
)
|
|
Total Net Appreciation/ Depreciation in Other
Financial Instruments
|
$(2,508,082
)
|
$2,237,146
|
$—
|
$(270,936
)
|
|
|
|||||||||
|
For the period ended May 31, 2026
|
|||||||||
|
Security Description
|
Value at
February 28,
2026
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
May 31,
2026
|
Shares at
May 31,
2026
|
Dividend
Income
|
Capital Gain
Distributions
|
|
JPMorgan U.S. Government
Money Market Fund Class IM
Shares, 3.58% (a) (b)
|
$90,168,741
|
$204,806,203
|
$210,399,778
|
$—
|
$—
|
$84,575,166
|
84,575,166
|
$661,302
|
$—
|
|
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
(b)
|
The rate shown is the current yield as of May 31, 2026.
|