|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests–64.67%
|
|||
|
Aerospace & Defense–1.09%
|
|||
|
RTX Corp.
|
450,987
|
$81,024,325
|
|
|
Textron, Inc.
|
668,557
|
61,346,790
|
|
|
|
|
|
142,371,115
|
|
Air Freight & Logistics–1.25%
|
|||
|
FedEx Corp.
|
396,428
|
163,229,229
|
|
|
Asset Management & Custody Banks–0.70%
|
|||
|
KKR & Co., Inc., Class A
|
945,642
|
90,724,894
|
|
|
Automobile Manufacturers–0.83%
|
|||
|
General Motors Co.
|
1,302,752
|
108,441,077
|
|
|
Biotechnology–0.62%
|
|||
|
Regeneron Pharmaceuticals, Inc.
|
131,065
|
80,576,141
|
|
|
Broadline Retail–2.45%
|
|||
|
Amazon.com, Inc.(b)
|
1,177,346
|
318,636,921
|
|
|
Building Products–1.45%
|
|||
|
Johnson Controls International PLC
|
1,412,991
|
189,425,573
|
|
|
Communications Equipment–1.06%
|
|||
|
Cisco Systems, Inc.
|
1,147,039
|
138,126,436
|
|
|
Consumer Finance–0.53%
|
|||
|
Capital One Financial Corp.
|
364,980
|
68,590,691
|
|
|
Diversified Banks–4.62%
|
|||
|
Bank of America Corp.
|
4,405,967
|
227,347,896
|
|
|
PNC Financial Services Group, Inc.
(The)
|
551,513
|
121,950,554
|
|
|
Wells Fargo & Co.
|
3,259,040
|
252,705,962
|
|
|
|
|
|
602,004,412
|
|
Electric Utilities–1.91%
|
|||
|
American Electric Power Co., Inc.
|
525,033
|
66,505,930
|
|
|
FirstEnergy Corp.
|
1,149,055
|
53,304,662
|
|
|
PPL Corp.
|
3,652,667
|
129,267,885
|
|
|
|
|
|
249,078,477
|
|
Electrical Components & Equipment–1.53%
|
|||
|
Emerson Electric Co.
|
664,199
|
95,525,100
|
|
|
Vertiv Holdings Co., Class A
|
330,121
|
104,222,501
|
|
|
|
|
|
199,747,601
|
|
Electronic Components–1.27%
|
|||
|
Coherent Corp.(b)
|
459,246
|
166,003,652
|
|
|
Fertilizers & Agricultural Chemicals–0.53%
|
|||
|
Corteva, Inc.
|
882,066
|
69,048,126
|
|
|
Food Distributors–2.15%
|
|||
|
Sysco Corp.
|
1,761,506
|
133,539,770
|
|
|
US Foods Holding Corp.(b)(c)
|
1,787,138
|
146,277,245
|
|
|
|
|
|
279,817,015
|
|
|
Shares
|
Value
|
|
|
Health Care Equipment–1.39%
|
|||
|
Becton, Dickinson and Co.
|
559,034
|
$82,245,082
|
|
|
Medtronic PLC
|
1,342,823
|
99,113,766
|
|
|
|
|
|
181,358,848
|
|
Health Care REITs–0.47%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
1,221,325
|
60,675,426
|
|
|
Health Care Services–1.02%
|
|||
|
CVS Health Corp.
|
1,461,906
|
133,004,208
|
|
|
Hotels, Resorts & Cruise Lines–0.51%
|
|||
|
Booking Holdings, Inc.
|
400,486
|
67,053,371
|
|
|
Industrial Machinery & Supplies & Components–1.85%
|
|||
|
Fortive Corp.(c)
|
1,694,806
|
98,841,086
|
|
|
Parker-Hannifin Corp.
|
167,905
|
141,817,600
|
|
|
|
|
|
240,658,686
|
|
Insurance Brokers–0.93%
|
|||
|
Willis Towers Watson PLC
|
483,054
|
120,604,092
|
|
|
Integrated Oil & Gas–3.09%
|
|||
|
Chevron Corp.
|
719,106
|
131,208,081
|
|
|
Exxon Mobil Corp.
|
583,679
|
84,785,211
|
|
|
Occidental Petroleum Corp.
|
1,783,986
|
101,027,127
|
|
|
Shell PLC (United Kingdom)
|
2,020,204
|
85,364,428
|
|
|
|
|
|
402,384,847
|
|
Interactive Media & Services–2.83%
|
|||
|
Alphabet, Inc., Class A (Acquired
05/31/2023-03/17/2026;
Cost $102,780,791)(d)
|
676,919
|
257,459,372
|
|
|
Meta Platforms, Inc., Class A
|
175,213
|
110,823,975
|
|
|
|
|
|
368,283,347
|
|
Investment Banking & Brokerage–1.85%
|
|||
|
Charles Schwab Corp. (The)
|
1,751,464
|
152,990,380
|
|
|
Goldman Sachs Group, Inc. (The)
|
85,966
|
88,163,291
|
|
|
|
|
|
241,153,671
|
|
IT Consulting & Other Services–0.53%
|
|||
|
Cognizant Technology Solutions
Corp., Class A(c)
|
1,240,791
|
69,180,302
|
|
|
Life Sciences Tools & Services–0.99%
|
|||
|
IQVIA Holdings, Inc.(b)
|
322,016
|
58,674,536
|
|
|
Thermo Fisher Scientific, Inc.
|
143,722
|
70,784,522
|
|
|
|
|
|
129,459,058
|
|
Managed Health Care–1.63%
|
|||
|
Elevance Health, Inc.
|
210,590
|
82,801,882
|
|
|
UnitedHealth Group, Inc.
|
340,683
|
129,565,152
|
|
|
|
|
|
212,367,034
|
|
Movies & Entertainment–1.16%
|
|||
|
Walt Disney Co. (The)
|
1,487,125
|
151,433,939
|
|
|
Multi-Utilities–0.66%
|
|||
|
Sempra
|
970,247
|
86,478,115
|
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Equipment & Services–0.84%
|
|||
|
SLB Ltd.
|
2,012,031
|
$109,756,291
|
|
|
Oil & Gas Exploration & Production–1.26%
|
|||
|
ConocoPhillips
|
1,435,138
|
163,577,029
|
|
|
Personal Care Products–1.04%
|
|||
|
Estee Lauder Cos., Inc. (The), Class A
|
1,522,608
|
135,435,982
|
|
|
Pharmaceuticals–3.73%
|
|||
|
Bristol-Myers Squibb Co.
|
1,473,677
|
84,264,851
|
|
|
Johnson & Johnson
|
655,658
|
147,739,417
|
|
|
Merck & Co., Inc.
|
1,339,277
|
158,998,965
|
|
|
Sanofi S.A.
|
1,080,574
|
94,722,156
|
|
|
|
|
|
485,725,389
|
|
Property & Casualty Insurance–0.64%
|
|||
|
American International Group, Inc.
|
1,124,368
|
83,461,837
|
|
|
Rail Transportation–0.47%
|
|||
|
Norfolk Southern Corp.
|
201,486
|
61,445,171
|
|
|
Real Estate Services–0.93%
|
|||
|
CBRE Group, Inc., Class A(b)
|
970,524
|
121,354,321
|
|
|
Regional Banks–1.39%
|
|||
|
Citizens Financial Group, Inc.
|
2,906,267
|
180,944,183
|
|
|
Restaurants–0.81%
|
|||
|
Starbucks Corp.
|
1,061,871
|
105,295,128
|
|
|
Semiconductor Materials & Equipment–1.44%
|
|||
|
Lam Research Corp.
|
349,237
|
111,120,229
|
|
|
Qnity Electronics, Inc.
|
488,232
|
76,164,192
|
|
|
|
|
|
187,284,421
|
|
Semiconductors–4.07%
|
|||
|
Microchip Technology, Inc.
|
2,146,860
|
203,200,299
|
|
|
NVIDIA Corp.
|
929,599
|
196,275,533
|
|
|
NXP Semiconductors N.V.
(Netherlands)
|
408,774
|
131,359,525
|
|
|
|
|
|
530,835,357
|
|
Specialty Chemicals–1.03%
|
|||
|
DuPont de Nemours, Inc.(c)
|
1,326,060
|
64,207,825
|
|
|
PPG Industries, Inc.(c)
|
614,510
|
69,427,340
|
|
|
|
|
|
133,635,165
|
|
Systems Software–2.07%
|
|||
|
Microsoft Corp.
|
597,753
|
269,132,311
|
|
|
Tobacco–1.77%
|
|||
|
Philip Morris International, Inc.
(Switzerland)
|
1,298,527
|
230,332,719
|
|
|
Trading Companies & Distributors–1.37%
|
|||
|
Ferguson Enterprises, Inc.
|
409,311
|
92,492,007
|
|
|
Sunbelt Rentals Holdings, Inc.(c)
|
1,107,648
|
86,451,926
|
|
|
|
|
|
178,943,933
|
|
Transaction & Payment Processing Services–0.19%
|
|||
|
Fidelity National Information
Services, Inc.
|
579,375
|
24,907,331
|
|
|
|
Shares
|
Value
|
|
|
Wireless Telecommunication Services–0.72%
|
|||
|
T-Mobile US, Inc.
|
499,702
|
$93,709,116
|
|
|
Total Common Stocks & Other Equity Interests
(Cost $5,230,084,517)
|
8,425,691,988
|
||
|
|
Principal
Amount
|
|
|
|
U.S. Dollar Denominated Bonds & Notes–20.85%
|
|||
|
Aerospace & Defense–0.15%
|
|||
|
BAE Systems PLC (United
Kingdom), 5.50%,
03/26/2054(c)(e)
|
|
$3,130,000
|
3,102,356
|
|
Howmet Aerospace, Inc., 4.75%,
04/15/2036
|
|
4,053,000
|
3,946,891
|
|
Lockheed Martin Corp.,
|
|
|
|
|
4.15%, 06/15/2053
|
|
5,231,000
|
4,158,422
|
|
5.20%, 02/15/2064
|
|
5,558,000
|
5,108,468
|
|
RTX Corp., 4.45%, 11/16/2038
|
|
3,239,000
|
3,006,335
|
|
|
|
|
19,322,472
|
|
Agricultural & Farm Machinery–0.05%
|
|||
|
Imperial Brands Finance PLC
(United Kingdom), 6.38%,
07/01/2055(e)
|
|
2,880,000
|
2,936,786
|
|
John Deere Capital Corp.,
Series I, 3.90%,
03/09/2029(c)
|
|
3,411,000
|
3,376,132
|
|
|
|
|
6,312,918
|
|
Agricultural Products & Services–0.03%
|
|||
|
Ingredion, Inc., 6.63%,
04/15/2037
|
|
3,940,000
|
4,299,703
|
|
Air Freight & Logistics–0.01%
|
|||
|
United Parcel Service, Inc.,
3.40%, 11/15/2046
|
|
2,608,000
|
1,891,005
|
|
Alternative Carriers–0.24%
|
|||
|
Match Group Financeco 2, Inc.,
Conv., 0.88%,
06/15/2026(e)
|
|
16,590,000
|
16,548,525
|
|
Match Group Financeco 3, Inc.,
Conv., 2.00%,
01/15/2030(e)
|
|
16,603,000
|
15,034,016
|
|
|
|
|
31,582,541
|
|
Application Software–0.54%
|
|||
|
Box, Inc., Conv., 1.50%,
09/15/2029
|
|
25,001,000
|
24,400,976
|
|
Envestnet, Inc., Conv., 2.63%,
12/01/2027
|
|
23,029,000
|
24,698,602
|
|
Salesforce, Inc., 2.70%,
07/15/2041
|
|
10,414,000
|
7,182,567
|
|
Synopsys, Inc.,
|
|
|
|
|
4.55%, 04/01/2027(c)
|
|
5,366,000
|
5,383,050
|
|
5.70%, 04/01/2055(c)
|
|
4,316,000
|
4,210,707
|
|
Workday, Inc., 3.50%,
04/01/2027(c)
|
|
5,033,000
|
5,000,939
|
|
|
|
|
70,876,841
|
|
Asset Management & Custody Banks–0.31%
|
|||
|
Bank of New York Mellon Corp.
(The), 5.32%, 06/06/2036(f)
|
|
4,317,000
|
4,389,273
|
|
BlackRock, Inc., 4.75%,
05/25/2033
|
|
14,671,000
|
14,803,157
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks–(continued)
|
|||
|
Blackstone Holdings Finance Co.
LLC, 5.00%, 06/15/2044(c)(e)
|
|
$3,975,000
|
$3,603,517
|
|
Carlyle Group, Inc. (The), 5.05%,
09/19/2035(c)
|
|
3,864,000
|
3,731,716
|
|
KKR Group Finance Co. III LLC,
5.13%, 06/01/2044(c)(e)
|
|
3,217,000
|
2,903,505
|
|
KKR Group Finance Co. XII LLC,
4.85%, 05/17/2032(e)
|
|
11,051,000
|
10,905,895
|
|
|
|
|
40,337,063
|
|
Automobile Manufacturers–0.41%
|
|||
|
Daimler Truck Finance North
America LLC (Germany),
|
|
|
|
|
2.00%, 12/14/2026(e)
|
|
15,356,000
|
15,182,233
|
|
4.65%, 10/12/2030(c)(e)
|
|
8,086,000
|
8,034,189
|
|
General Motors Co., 6.60%,
04/01/2036
|
|
4,317,000
|
4,646,018
|
|
Honda Motor Co. Ltd. (Japan),
2.97%, 03/10/2032
|
|
5,448,000
|
4,911,727
|
|
Toyota Motor Credit Corp.,
|
|
|
|
|
4.55%, 08/07/2026
|
|
17,507,000
|
17,526,893
|
|
Series B, 3.75%,
01/12/2028
|
|
3,289,000
|
3,271,170
|
|
|
|
|
53,572,230
|
|
Biotechnology–1.00%
|
|||
|
AbbVie, Inc.,
|
|
|
|
|
4.50%, 05/14/2035
|
|
7,233,000
|
6,990,343
|
|
4.05%, 11/21/2039
|
|
13,812,000
|
12,186,723
|
|
4.85%, 06/15/2044
|
|
5,815,000
|
5,342,322
|
|
BridgeBio Pharma, Inc., Conv.,
1.75%, 03/01/2031
|
|
21,548,432
|
33,547,319
|
|
Jazz Investments I Ltd.,
|
|
|
|
|
Conv.,
2.00%, 06/15/2026
|
|
24,949,000
|
36,176,050
|
|
3.13%, 09/15/2030
|
|
21,525,000
|
36,097,425
|
|
|
|
|
130,340,182
|
|
Brewers–0.18%
|
|||
|
Anheuser-Busch Cos.
LLC/Anheuser-Busch InBev
Worldwide, Inc. (Belgium),
4.70%, 02/01/2036
|
|
10,870,000
|
10,587,918
|
|
Heineken N.V. (Netherlands),
3.50%, 01/29/2028(e)
|
|
9,734,000
|
9,617,120
|
|
Molson Coors Beverage Co.,
4.20%, 07/15/2046(c)
|
|
4,057,000
|
3,252,248
|
|
|
|
|
23,457,286
|
|
Broadline Retail–0.14%
|
|||
|
Amazon.com, Inc.,
|
|
|
|
|
4.55%, 03/13/2033
|
|
8,472,000
|
8,384,617
|
|
2.88%, 05/12/2041
|
|
13,606,000
|
10,135,643
|
|
|
|
|
18,520,260
|
|
Cable & Satellite–0.15%
|
|||
|
Comcast Corp.,
|
|
|
|
|
5.17%, 01/15/2037(c)(e)
|
|
9,991,000
|
9,758,370
|
|
3.90%, 03/01/2038
|
|
8,010,000
|
6,894,941
|
|
2.89%, 11/01/2051
|
|
3,128,000
|
1,827,106
|
|
Cox Communications, Inc.,
2.95%, 10/01/2050(e)
|
|
2,044,000
|
1,095,957
|
|
|
|
|
19,576,374
|
|
|
Principal
Amount
|
Value
|
|
|
Cargo Ground Transportation–0.01%
|
|||
|
Fedex Freight Holding Co., Inc.,
4.95%, 03/15/2033(c)(e)
|
|
$1,709,000
|
$1,677,220
|
|
Casinos & Gaming–0.02%
|
|||
|
Las Vegas Sands Corp., 5.30%,
05/15/2031
|
|
2,181,000
|
2,183,050
|
|
Commercial & Residential Mortgage Finance–0.03%
|
|||
|
Aviation Capital Group LLC,
4.75%, 04/14/2027(e)
|
|
3,325,000
|
3,332,335
|
|
Commodity Chemicals–0.12%
|
|||
|
LYB Finance Co. B.V.
(Netherlands), 8.10%,
03/15/2027(e)
|
|
15,369,000
|
15,788,549
|
|
Communications Equipment–0.11%
|
|||
|
Cisco Systems, Inc.,
|
|
|
|
|
4.55%, 02/24/2028(c)
|
|
10,529,000
|
10,610,164
|
|
5.30%, 02/26/2054(c)
|
|
3,481,000
|
3,315,716
|
|
|
|
|
13,925,880
|
|
Computer & Electronics Retail–0.11%
|
|||
|
Dell International LLC/EMC Corp.,
|
|
|
|
|
5.30%, 04/01/2032
|
|
8,585,000
|
8,770,507
|
|
8.35%, 07/15/2046
|
|
30,000
|
37,974
|
|
Leidos, Inc., 4.10%,
03/15/2029
|
|
5,232,000
|
5,165,766
|
|
|
|
|
13,974,247
|
|
Construction Machinery & Heavy Transportation Equipment–
0.18%
|
|||
|
Caterpillar Financial Services
Corp., 3.75%, 02/23/2029
|
|
9,013,000
|
8,895,286
|
|
Westinghouse Air Brake
Technologies Corp., 5.50%,
05/29/2035
|
|
14,695,000
|
15,040,889
|
|
|
|
|
23,936,175
|
|
Consumer Finance–0.28%
|
|||
|
American Express Co.,
|
|
|
|
|
3.30%, 05/03/2027
|
|
10,405,000
|
10,333,694
|
|
4.73%, 04/25/2029(f)
|
|
5,132,000
|
5,158,802
|
|
4.80%, 10/24/2036(f)
|
|
8,776,000
|
8,495,655
|
|
Capital One Financial Corp.,
6.18%, 01/30/2036(c)(f)
|
|
4,461,000
|
4,567,957
|
|
General Motors Financial Co., Inc.,
4.20%, 10/27/2028
|
|
2,120,000
|
2,104,498
|
|
Synchrony Financial, 3.95%,
12/01/2027
|
|
5,795,000
|
5,740,322
|
|
|
|
|
36,400,928
|
|
Diversified Banks–0.91%
|
|||
|
Bank of America Corp.,
|
|
|
|
|
3.25%, 10/21/2027
|
|
5,705,000
|
5,645,260
|
|
2.57%, 10/20/2032(f)
|
|
8,683,000
|
7,742,186
|
|
5.49%, 04/23/2037(f)
|
|
1,678,000
|
1,670,929
|
|
Citigroup, Inc.,
|
|
|
|
|
3.67%, 07/24/2028(f)
|
|
5,405,000
|
5,362,336
|
|
4.95%, 05/07/2031(f)
|
|
14,241,000
|
14,345,241
|
|
6.68%, 09/13/2043
|
|
8,000,000
|
8,721,468
|
|
5.30%, 05/06/2044
|
|
2,765,000
|
2,601,912
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
JPMorgan Chase & Co.,
|
|
|
|
|
3.20%, 06/15/2026
|
|
$4,365,000
|
$4,363,898
|
|
3.51%, 01/23/2029(f)
|
|
11,170,000
|
11,002,435
|
|
4.26%, 02/22/2048(f)
|
|
5,355,000
|
4,448,469
|
|
3.90%, 01/23/2049(c)(f)
|
|
11,170,000
|
8,738,456
|
|
Mizuho Bank Ltd. (Japan),
5.19%, 04/16/2036(e)
|
|
5,124,000
|
5,113,778
|
|
PNC Financial Services Group, Inc.
(The),
|
|
|
|
|
4.08%, 01/26/2029(f)
|
|
3,788,000
|
3,766,886
|
|
3.45%, 04/23/2029(c)
|
|
7,450,000
|
7,265,922
|
|
6.88%, 10/20/2034(f)
|
|
6,126,000
|
6,772,141
|
|
Truist Bank, Series I, 4.14%,
01/27/2029(f)
|
|
8,790,000
|
8,741,663
|
|
Wells Fargo & Co.,
|
|
|
|
|
4.10%, 06/03/2026
|
|
4,515,000
|
4,514,983
|
|
4.65%, 11/04/2044
|
|
9,115,000
|
7,762,436
|
|
|
|
|
118,580,399
|
|
Diversified Capital Markets–0.02%
|
|||
|
Sixth Street Lending Partners,
6.13%, 07/15/2030
|
|
2,099,000
|
2,113,561
|
|
Diversified Financial Services–0.02%
|
|||
|
AerCap Ireland Capital
DAC/AerCap Global Aviation
Trust (Ireland), 3.85%,
10/29/2041
|
|
4,009,000
|
3,244,142
|
|
Diversified Metals & Mining–0.08%
|
|||
|
Glencore Funding LLC (Australia),
4.90%, 07/01/2031(e)
|
|
4,229,000
|
4,235,440
|
|
Rio Tinto Finance (USA) Ltd.
(Australia), 7.13%,
07/15/2028
|
|
2,175,000
|
2,298,872
|
|
Rio Tinto Finance (USA) PLC
(Australia), 5.75%,
03/14/2055
|
|
3,265,000
|
3,307,076
|
|
|
|
|
9,841,388
|
|
Diversified REITs–0.07%
|
|||
|
CubeSmart L.P., 2.50%,
02/15/2032(c)
|
|
10,561,000
|
9,326,165
|
|
Drug Retail–0.02%
|
|||
|
CVS Pass-Through Trust, 6.04%,
12/10/2028
|
|
2,243,090
|
2,252,819
|
|
Electric Utilities–1.46%
|
|||
|
Constellation Energy Generation LLC,
|
|
|
|
|
3.90%, 01/08/2028
|
|
5,574,000
|
5,532,173
|
|
6.50%, 10/01/2053(c)
|
|
2,992,000
|
3,212,606
|
|
Electricite de France S.A.
(France), 4.88%,
01/22/2044(e)
|
|
9,110,000
|
8,057,793
|
|
Emera US Finance LLC, 5.20%,
04/01/2033
|
|
3,042,000
|
3,028,951
|
|
FirstEnergy Corp., Conv., 3.88%,
01/15/2031(e)
|
|
51,798,000
|
56,951,901
|
|
Florida Power & Light Co., 5.75%,
06/01/2056
|
|
3,425,000
|
3,440,522
|
|
Georgia Power Co., Series B,
3.70%, 01/30/2050
|
|
3,665,000
|
2,725,280
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
National Rural Utilities Cooperative
Finance Corp.,
|
|
|
|
|
4.30%, 12/10/2030
|
|
$10,795,000
|
$10,648,524
|
|
2.75%, 04/15/2032(c)
|
|
9,898,000
|
8,898,959
|
|
NextEra Energy Capital Holdings,
Inc., 3.55%, 05/01/2027
|
|
5,572,000
|
5,539,945
|
|
Oglethorpe Power Corp., 4.55%,
06/01/2044
|
|
5,806,000
|
5,799,592
|
|
PPL Capital Funding, Inc.,
|
|
|
|
|
Conv.,
2.88%, 03/15/2028
|
|
32,308,000
|
35,983,035
|
|
3.00%, 12/01/2030(e)
|
|
32,724,000
|
33,087,236
|
|
PPL Electric Utilities Corp.,
6.25%, 05/15/2039
|
|
355,000
|
385,651
|
|
Xcel Energy, Inc., 3.50%,
12/01/2049
|
|
10,280,000
|
7,255,299
|
|
|
|
|
190,547,467
|
|
Electrical Components & Equipment–0.07%
|
|||
|
LG Energy Solution Ltd. (South
Korea), 5.00%,
04/02/2029(e)
|
|
2,660,000
|
2,673,742
|
|
Molex Electronic
Technologies LLC, 4.75%,
04/30/2028(e)
|
|
4,036,000
|
4,051,086
|
|
Rockwell Automation, Inc.,
1.75%, 08/15/2031
|
|
2,729,000
|
2,373,750
|
|
|
|
|
9,098,578
|
|
Electronic Components–0.11%
|
|||
|
Amphenol Corp.,
|
|
|
|
|
3.90%, 11/15/2028
|
|
10,938,000
|
10,838,377
|
|
5.30%, 11/15/2055(c)
|
|
3,503,000
|
3,317,826
|
|
|
|
|
14,156,203
|
|
Electronic Manufacturing Services–0.11%
|
|||
|
Jabil, Inc.,
|
|
|
|
|
4.25%, 05/15/2027
|
|
10,398,000
|
10,394,274
|
|
4.20%, 02/01/2029
|
|
3,706,000
|
3,660,189
|
|
|
|
|
14,054,463
|
|
Financial Exchanges & Data–0.17%
|
|||
|
Nasdaq, Inc., 5.95%,
08/15/2053(c)
|
|
2,575,000
|
2,629,636
|
|
S&P Global, Inc., 2.45%,
03/01/2027
|
|
20,025,000
|
19,788,525
|
|
|
|
|
22,418,161
|
|
Food Distributors–0.07%
|
|||
|
Sysco Corp., 3.30%,
07/15/2026
|
|
8,670,000
|
8,660,884
|
|
Health Care Equipment–0.10%
|
|||
|
Abbott Laboratories, 3.70%,
03/09/2029
|
|
10,127,000
|
9,959,206
|
|
Medtronic, Inc., 4.38%,
03/15/2035
|
|
2,601,000
|
2,507,568
|
|
|
|
|
12,466,774
|
|
Health Care REITs–0.08%
|
|||
|
Healthcare Realty Holdings, L.P.,
Conv., 3.00%,
01/15/2032(e)
|
|
10,499,000
|
10,729,978
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Services–0.17%
|
|||
|
Cigna Group (The), 4.80%,
08/15/2038
|
|
$3,240,000
|
$3,073,036
|
|
CVS Health Corp., 2.88%,
06/01/2026
|
|
9,368,000
|
9,368,000
|
|
Laboratory Corp. of America
Holdings, 1.55%,
06/01/2026
|
|
9,933,000
|
9,933,000
|
|
|
|
|
22,374,036
|
|
Health Care Supplies–0.52%
|
|||
|
Haemonetics Corp., Conv.,
2.50%, 06/01/2029
|
|
51,616,000
|
51,265,011
|
|
Merit Medical Systems, Inc.,
Conv., 3.00%, 02/01/2029
|
|
15,227,000
|
15,942,669
|
|
|
|
|
67,207,680
|
|
Highways & Railtracks–0.07%
|
|||
|
Burlington Northern Santa Fe LLC,
5.80%, 03/15/2056
|
|
8,797,000
|
8,905,986
|
|
Home Improvement Retail–0.03%
|
|||
|
Lowe’s Cos., Inc., 4.25%,
04/01/2052
|
|
4,741,000
|
3,709,975
|
|
Homebuilding–0.01%
|
|||
|
Sekisui House U.S., Inc., 6.00%,
01/15/2043
|
|
2,117,000
|
1,936,036
|
|
Hotels, Resorts & Cruise Lines–0.02%
|
|||
|
Airbnb, Inc., 4.40%,
03/16/2029
|
|
2,508,000
|
2,504,017
|
|
Human Resource & Employment Services–0.04%
|
|||
|
Paychex, Inc., 5.35%,
04/15/2032
|
|
5,542,000
|
5,615,976
|
|
Industrial Conglomerates–0.20%
|
|||
|
Honeywell International, Inc.,
|
|
|
|
|
2.50%, 11/01/2026
|
|
10,795,000
|
10,727,964
|
|
4.50%, 01/15/2034
|
|
16,007,000
|
15,692,875
|
|
|
|
|
26,420,839
|
|
Industrial Gases–0.10%
|
|||
|
Air Products and Chemicals, Inc.,
4.30%, 06/11/2028
|
|
13,247,000
|
13,263,439
|
|
Industrial Machinery & Supplies & Components–0.38%
|
|||
|
JBT Marel Corp., Conv., 0.38%,
09/15/2030(e)
|
|
50,176,000
|
50,050,560
|
|
Integrated Oil & Gas–0.05%
|
|||
|
BP Capital Markets America, Inc.,
2.94%, 06/04/2051
|
|
10,062,000
|
6,410,557
|
|
Integrated Telecommunication Services–0.46%
|
|||
|
AT&T, Inc.,
|
|
|
|
|
4.30%, 02/15/2030
|
|
3,526,000
|
3,494,915
|
|
3.55%, 09/15/2055
|
|
4,562,000
|
2,984,931
|
|
6.05%, 08/15/2056
|
|
5,570,000
|
5,508,110
|
|
3.80%, 12/01/2057
|
|
3,619,000
|
2,461,057
|
|
NTT Finance Corp. (Japan),
|
|
|
|
|
4.57%, 07/16/2027(e)
|
|
2,536,000
|
2,541,562
|
|
5.17%, 07/16/2032(e)
|
|
6,665,000
|
6,702,138
|
|
|
Principal
Amount
|
Value
|
|
|
Integrated Telecommunication Services–(continued)
|
|||
|
Orange S.A. (France),
|
|
|
|
|
9.00%, 03/01/2031
|
|
$4,443,000
|
$5,221,872
|
|
5.75%, 01/13/2056(e)
|
|
1,622,000
|
1,631,121
|
|
Telefonica Emisiones S.A. (Spain),
5.21%, 03/08/2047
|
|
6,725,000
|
5,984,675
|
|
Verizon Communications, Inc.,
|
|
|
|
|
4.75%, 01/15/2033
|
|
4,400,000
|
4,360,023
|
|
4.78%, 02/15/2035
|
|
13,111,000
|
12,762,837
|
|
3.40%, 03/22/2041
|
|
5,788,000
|
4,499,641
|
|
5.88%, 11/30/2055
|
|
2,275,904
|
2,241,265
|
|
|
|
|
60,394,147
|
|
Interactive Home Entertainment–0.03%
|
|||
|
Take-Two Interactive Software,
Inc., 3.70%, 04/14/2027
|
|
3,559,000
|
3,542,002
|
|
Interactive Media & Services–0.81%
|
|||
|
Alphabet, Inc.,
|
|
|
|
|
3.88%,
11/15/2028(Acquired
11/03/2025;
Cost $6,941,026)(c)(d)
|
|
6,947,000
|
6,908,102
|
|
4.10%,
11/15/2030(Acquired
11/03/2025;
Cost $17,338,582)(c)(d)
|
|
17,345,000
|
17,170,391
|
|
4.70%,
11/15/2035(Acquired
11/03/2025;
Cost $5,810,088)(d)
|
|
5,818,000
|
5,722,851
|
|
5.25%,
05/15/2055(Acquired
04/28/2025;
Cost $1,834,258)(d)
|
|
1,852,000
|
1,747,535
|
|
5.65%, 02/15/2056
|
|
6,860,000
|
6,824,398
|
|
Meta Platforms, Inc.,
|
|
|
|
|
5.50%, 11/15/2045
|
|
17,345,000
|
16,290,752
|
|
6.20%, 05/15/2046
|
|
8,296,000
|
8,392,430
|
|
5.60%, 05/15/2053(c)
|
|
14,968,000
|
13,870,292
|
|
Snap, Inc., Conv., 0.50%,
05/01/2030
|
|
34,614,000
|
29,032,493
|
|
|
|
|
105,959,244
|
|
Investment Banking & Brokerage–2.67%
|
|||
|
Goldman Sachs Group, Inc. (The),
|
|
|
|
|
5.02%, 10/23/2035(f)
|
|
5,424,000
|
5,345,615
|
|
2.91%, 07/21/2042(f)
|
|
3,205,000
|
2,316,471
|
|
GS Finance Corp.,
|
|
|
|
|
Series 0003, Conv., 1.00%,
07/30/2029(e)
|
|
62,338,000
|
81,863,613
|
|
0.00%, 03/03/2032(g)
|
|
68,953,000
|
109,257,071
|
|
0.50%, 05/09/2033(g)
|
|
65,606,000
|
64,379,984
|
|
0.50%, 05/31/2033(e)(g)
|
|
65,696,000
|
65,627,909
|
|
Morgan Stanley,
|
|
|
|
|
4.99%, 04/12/2029(f)
|
|
5,107,000
|
5,146,346
|
|
Series I, 4.36%,
10/22/2031(f)
|
|
13,810,000
|
13,555,233
|
|
|
|
|
347,492,242
|
|
IT Consulting & Other Services–0.04%
|
|||
|
International Business Machines
Corp., 4.30%, 02/03/2031
|
|
5,231,000
|
5,155,734
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance–0.64%
|
|||
|
American National Group, Inc.,
5.00%, 06/15/2027
|
|
$8,671,000
|
$8,682,774
|
|
Brighthouse Financial, Inc.,
3.85%, 12/22/2051
|
|
18,342,000
|
11,125,818
|
|
Delaware Life Global Funding,
Series 21-1, 2.66%,
06/29/2026(e)
|
|
20,728,000
|
20,688,974
|
|
GA Global Funding Trust, 5.50%,
01/08/2029(e)
|
|
12,448,000
|
12,592,221
|
|
Nationwide Financial Services,
Inc., 5.30%, 11/18/2044(e)
|
|
4,250,000
|
3,904,113
|
|
Pacific Life Global Funding II,
5.50%, 08/28/2026(c)(e)
|
|
13,319,000
|
13,366,881
|
|
Protective Life Global Funding,
4.16%, 01/15/2029(e)
|
|
8,857,000
|
8,739,480
|
|
Prudential Financial, Inc., 3.91%,
12/07/2047
|
|
4,898,000
|
3,760,682
|
|
|
|
|
82,860,943
|
|
Managed Health Care–0.04%
|
|||
|
UnitedHealth Group, Inc., 3.50%,
08/15/2039
|
|
5,806,000
|
4,776,033
|
|
Movies & Entertainment–0.19%
|
|||
|
Liberty Media Corp.-Liberty
Formula One, Conv., 2.25%,
08/15/2027
|
|
20,617,000
|
24,853,793
|
|
Multi-line Insurance–0.05%
|
|||
|
Liberty Mutual Group, Inc.,
3.95%, 05/15/2060(c)(e)
|
|
9,030,000
|
6,253,964
|
|
Multi-Utilities–1.15%
|
|||
|
CenterPoint Energy, Inc.,
|
|
|
|
|
Conv., 3.00%,
08/01/2028(e)
|
|
63,794,000
|
66,569,039
|
|
2.88%, 05/15/2029(e)
|
|
25,188,000
|
25,145,180
|
|
CMS Energy Corp., Conv., 3.13%,
05/01/2031(e)
|
|
45,640,000
|
45,697,050
|
|
NiSource, Inc.,
|
|
|
|
|
4.38%, 05/15/2047
|
|
6,015,000
|
4,952,268
|
|
5.85%, 04/01/2055
|
|
2,512,000
|
2,488,933
|
|
Sempra, 3.80%, 02/01/2038
|
|
5,871,000
|
4,986,156
|
|
|
|
|
149,838,626
|
|
Oil & Gas Exploration & Production–0.30%
|
|||
|
Antero Resources Corp., 5.40%,
02/01/2036
|
|
2,453,000
|
2,425,532
|
|
Cameron LNG LLC, 3.70%,
01/15/2039(e)
|
|
6,519,000
|
5,529,920
|
|
ConocoPhillips Co., 4.15%,
11/15/2034
|
|
2,403,000
|
2,275,711
|
|
Diamondback Energy, Inc.,
5.75%, 04/18/2054(c)
|
|
5,160,000
|
5,072,970
|
|
EOG Resources, Inc., 4.40%,
07/15/2028
|
|
2,163,000
|
2,165,651
|
|
Northern Oil and Gas, Inc., Conv.,
3.63%, 04/15/2029
|
|
21,570,000
|
21,451,365
|
|
|
|
|
38,921,149
|
|
Oil & Gas Refining & Marketing–0.03%
|
|||
|
Valero Energy Corp., 4.00%,
06/01/2052(c)
|
|
5,068,000
|
3,754,990
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation–0.49%
|
|||
|
Energy Transfer L.P.,
|
|
|
|
|
5.20%, 04/01/2030
|
|
$3,688,000
|
$3,762,266
|
|
6.40%, 12/01/2030
|
|
4,861,000
|
5,180,526
|
|
4.90%, 03/15/2035
|
|
3,640,000
|
3,568,736
|
|
5.30%, 04/01/2044
|
|
8,165,000
|
7,470,895
|
|
5.00%, 05/15/2050
|
|
7,684,000
|
6,548,820
|
|
Enterprise Products Operating LLC,
|
|
|
|
|
4.60%, 01/15/2031
|
|
4,281,000
|
4,280,422
|
|
6.45%, 09/01/2040
|
|
555,000
|
609,380
|
|
4.25%, 02/15/2048
|
|
7,354,000
|
6,047,175
|
|
Gulfstream Natural Gas System
L.L.C., 5.60%,
07/23/2035(e)
|
|
2,904,000
|
2,965,302
|
|
Kinder Morgan, Inc.,
|
|
|
|
|
5.15%, 06/01/2030
|
|
2,826,000
|
2,886,890
|
|
5.30%, 12/01/2034
|
|
4,203,000
|
4,259,722
|
|
MPLX L.P., 4.50%, 04/15/2038
|
|
8,564,000
|
7,784,208
|
|
Spectra Energy Partners L.P.,
4.50%, 03/15/2045
|
|
5,468,000
|
4,677,087
|
|
Texas Eastern Transmission L.P.,
7.00%, 07/15/2032
|
|
3,835,000
|
4,246,758
|
|
|
|
|
64,288,187
|
|
Other Specialized REITs–0.13%
|
|||
|
EPR Properties, 4.75%,
12/15/2026(c)
|
|
17,525,000
|
17,528,843
|
|
Packaged Foods & Meats–0.13%
|
|||
|
Mars, Inc.,
|
|
|
|
|
4.45%, 03/01/2027(e)
|
|
5,169,000
|
5,184,565
|
|
5.20%, 03/01/2035(e)
|
|
5,141,000
|
5,177,373
|
|
5.65%, 05/01/2045(e)
|
|
4,172,000
|
4,139,228
|
|
5.70%, 05/01/2055(e)
|
|
1,883,000
|
1,858,805
|
|
|
|
|
16,359,971
|
|
Paper & Plastic Packaging Products & Materials–0.02%
|
|||
|
International Paper Co., 6.00%,
11/15/2041(c)
|
|
2,855,000
|
2,910,289
|
|
Passenger Airlines–0.15%
|
|||
|
American Airlines Pass-Through
Trust,
|
|
|
|
|
Series 2014-1, Class A,
3.70%, 04/01/2028
|
|
1,890,077
|
1,884,132
|
|
Series A, 4.90%,
05/11/2038
|
|
1,916,000
|
1,862,143
|
|
AS Mileage Plan IP Ltd.,
|
|
|
|
|
5.02%, 10/20/2029(e)
|
|
2,146,000
|
2,127,546
|
|
5.31%, 10/20/2031(e)
|
|
2,458,000
|
2,415,550
|
|
Delta Air Lines, Inc., 4.95%,
07/10/2028
|
|
5,613,000
|
5,641,535
|
|
United Airlines Pass-Through Trust,
|
|
|
|
|
Series 2014-2, Class A,
3.75%, 09/03/2026
|
|
2,283,425
|
2,278,707
|
|
Series 2018-1, Class AA,
3.50%, 03/01/2030
|
|
3,282,089
|
3,184,614
|
|
|
|
|
19,394,227
|
|
Passenger Ground Transportation–0.02%
|
|||
|
Uber Technologies, Inc., 4.80%,
09/15/2035(c)
|
|
2,312,000
|
2,252,814
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals–0.58%
|
|||
|
Bayer US Finance II LLC
(Germany), 4.38%,
12/15/2028(e)
|
|
$9,800,000
|
$9,716,958
|
|
Bayer US Finance LLC (Germany),
6.88%, 11/21/2053(e)
|
|
4,531,000
|
4,906,370
|
|
Bristol-Myers Squibb Co., 4.13%,
06/15/2039
|
|
6,435,000
|
5,765,661
|
|
Haleon US Capital LLC, 4.00%,
03/24/2052(c)
|
|
2,954,000
|
2,298,121
|
|
Merck & Co., Inc., 5.85%,
05/22/2056
|
|
2,875,000
|
2,952,238
|
|
Novartis Capital Corp., 4.60%,
03/18/2033
|
|
6,412,000
|
6,369,873
|
|
Zoetis, Inc.,
|
|
|
|
|
Conv., 0.25%,
06/15/2029(e)
|
|
43,000,000
|
39,474,000
|
|
4.70%, 02/01/2043
|
|
4,101,000
|
3,663,190
|
|
|
|
|
75,146,411
|
|
Property & Casualty Insurance–0.13%
|
|||
|
Allstate Corp. (The), 3.28%,
12/15/2026
|
|
3,260,000
|
3,247,416
|
|
Markel Group, Inc.,
|
|
|
|
|
5.00%, 03/30/2043
|
|
4,185,000
|
3,800,187
|
|
5.00%, 05/20/2049
|
|
5,140,000
|
4,512,686
|
|
Travelers Cos., Inc. (The),
4.60%, 08/01/2043
|
|
6,455,000
|
5,769,674
|
|
|
|
|
17,329,963
|
|
Rail Transportation–0.29%
|
|||
|
Canadian Pacific Railway Co.
(Canada), 3.00%,
12/02/2041
|
|
3,965,000
|
2,936,409
|
|
Norfolk Southern Corp.,
|
|
|
|
|
7.80%, 05/15/2027
|
|
10,815,000
|
11,175,397
|
|
3.40%, 11/01/2049
|
|
4,879,000
|
3,422,388
|
|
5.35%, 08/01/2054(c)
|
|
5,099,000
|
4,799,556
|
|
Union Pacific Corp.,
|
|
|
|
|
3.20%, 05/20/2041
|
|
10,131,000
|
7,921,349
|
|
4.15%, 01/15/2045
|
|
4,410,000
|
3,455,094
|
|
3.84%, 03/20/2060
|
|
5,560,000
|
4,017,904
|
|
|
|
|
37,728,097
|
|
Regional Banks–0.04%
|
|||
|
Citizens Financial Group, Inc.,
6.65%, 04/25/2035(f)
|
|
3,122,000
|
3,369,960
|
|
Zions Bancorporation N.A.,
4.48%, 02/09/2029(f)
|
|
2,205,000
|
2,190,614
|
|
|
|
|
5,560,574
|
|
Reinsurance–0.06%
|
|||
|
Global Atlantic (Fin) Co., 6.75%,
03/15/2054(c)(e)
|
|
2,423,000
|
2,360,992
|
|
PartnerRe Finance B LLC, 3.70%,
07/02/2029
|
|
5,795,000
|
5,631,295
|
|
|
|
|
7,992,287
|
|
Restaurants–0.06%
|
|||
|
Starbucks Corp., 3.55%,
08/15/2029(c)
|
|
7,440,000
|
7,263,796
|
|
Retail REITs–0.48%
|
|||
|
Federal Realty OP L.P., Conv.,
3.25%, 01/15/2029(e)
|
|
38,802,000
|
41,886,759
|
|
|
Principal
Amount
|
Value
|
|
|
Retail REITs–(continued)
|
|||
|
Kimco Realty OP LLC, 3.20%,
04/01/2032
|
|
$12,105,000
|
$11,184,195
|
|
Regency Centers L.P.,
|
|
|
|
|
2.95%, 09/15/2029
|
|
7,960,000
|
7,597,603
|
|
4.65%, 03/15/2049
|
|
2,970,000
|
2,563,526
|
|
|
|
|
63,232,083
|
|
Self-Storage REITs–0.07%
|
|||
|
Extra Space Storage L.P.,
|
|
|
|
|
3.50%, 07/01/2026
|
|
4,667,000
|
4,664,875
|
|
5.70%, 04/01/2028
|
|
3,806,000
|
3,884,089
|
|
|
|
|
8,548,964
|
|
Semiconductor Materials & Equipment–0.24%
|
|||
|
MKS, Inc., Conv., 1.25%,
06/01/2030
|
|
13,954,000
|
30,768,570
|
|
Semiconductors–0.94%
|
|||
|
Broadcom, Inc.,
|
|
|
|
|
3.47%, 04/15/2034
|
|
6,975,000
|
6,280,542
|
|
5.20%, 07/15/2035
|
|
9,363,000
|
9,422,376
|
|
Foundry JV Holdco LLC, 6.20%,
01/25/2037(e)
|
|
7,949,000
|
8,395,532
|
|
Intel Corp., 6.13%,
05/15/2056
|
|
5,180,000
|
5,221,617
|
|
Marvell Technology, Inc., 2.45%,
04/15/2028
|
|
12,029,000
|
11,597,985
|
|
Microchip Technology, Inc.,
Conv., 0.75%,
06/01/2027(h)
|
|
72,645,000
|
80,409,190
|
|
Micron Technology, Inc., 3.37%,
11/01/2041
|
|
1,778,000
|
1,393,239
|
|
|
|
|
122,720,481
|
|
Specialized Finance–0.08%
|
|||
|
State Street Bank and Trust Co.,
4.59%, 11/25/2026(c)
|
|
10,020,000
|
10,058,717
|
|
Specialty Chemicals–0.01%
|
|||
|
Sherwin-Williams Co. (The),
4.50%, 06/01/2047
|
|
1,665,000
|
1,401,840
|
|
Systems Software–0.49%
|
|||
|
Microsoft Corp., 3.50%,
02/12/2035(c)
|
|
4,259,000
|
3,960,509
|
|
Nebius Group N.V. (Netherlands),
Conv., 2.75%,
09/15/2032(e)
|
|
10,834,000
|
20,037,483
|
|
Oracle Corp.,
|
|
|
|
|
4.80%, 09/26/2032(c)
|
|
6,693,000
|
6,433,702
|
|
3.60%, 04/01/2040
|
|
10,910,000
|
8,094,732
|
|
6.70%, 02/04/2056
|
|
7,694,000
|
7,415,569
|
|
VMware LLC, 1.40%,
08/15/2026
|
|
17,988,000
|
17,886,140
|
|
|
|
|
63,828,135
|
|
Technology Hardware, Storage & Peripherals–0.03%
|
|||
|
Apple, Inc., 3.35%,
02/09/2027
|
|
3,495,000
|
3,481,855
|
|
|
Principal
Amount
|
Value
|
|
|
Telecom Tower REITs–0.10%
|
|||
|
Crown Castle, Inc.,
|
|
|
|
|
2.50%, 07/15/2031
|
|
$14,073,000
|
$12,536,211
|
|
4.75%, 05/15/2047
|
|
470,000
|
398,590
|
|
|
|
|
12,934,801
|
|
Tobacco–0.24%
|
|||
|
Altria Group, Inc., 5.80%,
02/14/2039
|
|
12,541,000
|
12,707,711
|
|
Philip Morris International, Inc.,
|
|
|
|
|
4.75%, 02/12/2027
|
|
11,194,000
|
11,251,149
|
|
4.88%, 11/15/2043
|
|
8,162,000
|
7,458,405
|
|
|
|
|
31,417,265
|
|
Transaction & Payment Processing Services–0.50%
|
|||
|
Fiserv, Inc., 4.55%,
02/15/2031
|
|
3,213,000
|
3,152,483
|
|
Global Payments, Inc., Conv.,
1.50%, 03/01/2031
|
|
68,839,000
|
62,230,456
|
|
|
|
|
65,382,939
|
|
Wireless Telecommunication Services–0.21%
|
|||
|
America Movil S.A.B. de C.V.
(Mexico), 4.38%,
07/16/2042
|
|
6,610,000
|
5,745,578
|
|
T-Mobile USA, Inc.,
|
|
|
|
|
2.70%, 03/15/2032
|
|
10,676,000
|
9,519,587
|
|
3.40%, 10/15/2052
|
|
7,422,000
|
4,943,805
|
|
6.00%, 06/15/2054
|
|
3,234,000
|
3,240,440
|
|
5.88%, 11/15/2055
|
|
4,293,000
|
4,226,802
|
|
|
|
|
27,676,212
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $2,663,904,487)
|
2,716,207,530
|
||
|
U.S. Treasury Securities–8.48%
|
|||
|
U.S. Treasury Bills–0.01%
|
|||
|
3.63%, 09/17/2026(i)(j)
|
|
1,225,000
|
1,211,724
|
|
U.S. Treasury Bonds–0.51%
|
|||
|
5.00%, 05/15/2046
|
|
36,536,800
|
36,642,414
|
|
4.75%, 02/15/2056
|
|
31,602,800
|
30,467,074
|
|
|
|
|
67,109,488
|
|
U.S. Treasury Notes–7.96%
|
|||
|
3.75%, 04/30/2028
|
|
305,164,000
|
303,757,383
|
|
3.88%, 05/15/2029
|
|
136,018,700
|
135,375,799
|
|
3.88%, 04/30/2031
|
|
349,887,100
|
345,868,864
|
|
4.13%, 04/30/2033
|
|
151,345,000
|
149,949,788
|
|
4.38%, 05/15/2036
|
|
102,214,300
|
101,695,244
|
|
|
|
|
1,036,647,078
|
|
Total U.S. Treasury Securities
(Cost $1,103,104,806)
|
1,104,968,290
|
||
|
|
Shares |
|
|
|
Preferred Stocks–0.34%
|
|||
|
Oil & Gas Storage & Transportation–0.34%
|
|||
|
El Paso Energy Capital Trust I,
4.75%, Conv. Pfd.
(Cost $30,200,612)(k)
|
875,900
|
44,416,889
|
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities–0.11%
|
|||
|
Federal Home Loan Mortgage Corp. (FHLMC)–0.06%
|
|||
|
6.75%, 03/15/2031
|
|
$7,000,000
|
$7,794,504
|
|
5.50%, 02/01/2037
|
|
3
|
3
|
|
|
|
|
7,794,507
|
|
Federal National Mortgage Association (FNMA)–0.05%
|
|||
|
6.63%, 11/15/2030
|
|
6,315,000
|
6,952,462
|
|
7.00%, 07/01/2032
|
|
2,355
|
2,491
|
|
|
|
|
6,954,953
|
|
Government National Mortgage Association (GNMA)–0.00%
|
|||
|
8.00%, 08/15/2026 to
01/20/2031
|
|
320
|
329
|
|
7.50%, 12/20/2030
|
|
201
|
207
|
|
|
|
|
536
|
|
Total U.S. Government Sponsored Agency
Mortgage-Backed Securities
(Cost $17,456,054)
|
14,749,996
|
||
|
|
|||
|
Municipal Obligations–0.04%
|
|||
|
Georgia (State of) Municipal
Electric Authority (Plant Vogtle
Units 3 & 4), Series 2010 A,
RB, 6.66%, 04/01/2057
(Cost $4,533,000)
|
|
4,533,000
|
4,859,052
|
|
|
Shares |
|
|
|
Money Market Funds–5.69%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
3.53%(k)(l)
|
261,376,018
|
261,376,018
|
|
|
Invesco Treasury Portfolio,
Institutional Class, 3.52%(k)(l)
|
480,365,156
|
480,365,156
|
|
|
Total Money Market Funds
(Cost $741,741,172)
|
741,741,174
|
||
|
TOTAL INVESTMENTS IN
SECURITIES (excluding
investments purchased with
cash collateral from securities
on loan)-100.18%
(Cost $9,791,024,648)
|
|
|
13,052,634,919
|
|
Investments Purchased with Cash Collateral from
Securities on Loan
|
|||
|
Money Market Funds–1.48%
|
|||
|
Invesco Private Government Fund,
3.58%(k)(l)(m)
|
53,853,847
|
53,853,847
|
|
|
Invesco Private Prime Fund,
3.75%(k)(l)(m)
|
139,490,736
|
139,518,635
|
|
|
Total Investments Purchased with Cash Collateral
from Securities on Loan
(Cost $193,371,516)
|
193,372,482
|
||
|
TOTAL INVESTMENTS IN SECURITIES–101.66%
(Cost $9,984,396,164)
|
13,246,007,401
|
||
|
OTHER ASSETS LESS LIABILITIES—(1.66)%
|
(216,239,472
)
|
||
|
NET ASSETS–100.00%
|
$13,029,767,929
|
||
|
Conv.
|
– Convertible
|
|
Pfd.
|
– Preferred
|
|
RB
|
– Revenue Bonds
|
|
REIT
|
– Real Estate Investment Trust
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is the
exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
||
|
(b)
|
Non-income producing security.
|
||
|
(c)
|
All or a portion of this security was out on loan at May 31, 2026.
|
||
|
(d)
|
Restricted security. The aggregate value of these securities at May 31, 2026 was $289,008,251, which represented 2.22% of the Fund’s Net Assets.
|
||
|
(e)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
May 31, 2026 was $811,971,715, which represented 6.23% of the Fund’s Net Assets.
|
||
|
(f)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
||
|
(g)
|
Zero coupon bond issued at a discount.
|
||
|
(h)
|
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity
date reflects such call or put.
|
||
|
(i)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for open futures contracts.
|
||
|
(j)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
||
|
(k)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended May 31, 2026.
|
||
|
|
Value
August 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
May 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money Market
Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class
|
$149,075,603
|
$805,418,180
|
$(693,117,765)
|
$-
|
$-
|
$261,376,018
|
$6,590,672
|
|
Invesco Treasury Portfolio, Institutional Class
|
271,807,244
|
1,495,776,619
|
(1,287,218,707)
|
-
|
-
|
480,365,156
|
11,975,991
|
|
Investments Purchased with Cash
Collateral from Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
69,681,063
|
806,423,252
|
(822,250,468)
|
-
|
-
|
53,853,847
|
1,247,623*
|
|
Invesco Private Prime Fund
|
180,984,644
|
1,506,740,485
|
(1,548,184,324)
|
(8,018)
|
(14,152)
|
139,518,635
|
3,531,316*
|
|
Investments in Other Affiliates:
|
|
|
|
|
|
|
|
|
El Paso Energy Capital Trust I, Conv. Pfd.
|
43,050,485
|
-
|
-
|
1,366,404
|
-
|
44,416,889
|
1,560,197
|
|
Total
|
$714,599,039
|
$4,614,358,536
|
$(4,350,771,264)
|
$1,358,386
|
$(14,152)
|
$979,530,545
|
$24,905,799
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(l)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2026.
|
|
(m)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of
the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|||||
|
U.S. Treasury Ultra Bonds
|
130
|
September-2026
|
$(14,872,813
)
|
$(280,470
)
|
$(280,470
)
|
|
U.S. Treasury 5 Year Notes
|
54
|
September-2026
|
(5,789,391
)
|
(19,233
)
|
(19,233
)
|
|
U.S. Treasury 10 Year Notes
|
156
|
September-2026
|
(17,133,187
)
|
(108,469
)
|
(108,469
)
|
|
Total Futures Contracts
|
$(408,172
)
|
$(408,172
)
|
|||
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
06/30/2026
|
Bank of New York Mellon (The)
|
USD
|
2,422,616
|
GBP
|
1,803,031
|
$5,402
|
|
Currency Risk
|
|
|
|
|
|
|
|
06/30/2026
|
Bank of New York Mellon (The)
|
EUR
|
62,135,706
|
USD
|
72,366,537
|
(197,255
)
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement
Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
06/30/2026
|
State Street Bank & Trust Co.
|
GBP
|
49,075,805
|
USD
|
65,986,149
|
$(100,857
)
|
|
Subtotal—Depreciation
|
(298,112
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$(292,710
)
|
|||||
|
Abbreviations:
|
|
|
EUR
|
– Euro
|
|
GBP
|
– British Pound Sterling
|
|
USD
|
– U.S. Dollar
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$8,245,605,404
|
$180,086,584
|
$—
|
$8,425,691,988
|
|
U.S. Dollar Denominated Bonds & Notes
|
—
|
2,716,207,530
|
—
|
2,716,207,530
|
|
U.S. Treasury Securities
|
—
|
1,104,968,290
|
—
|
1,104,968,290
|
|
Preferred Stocks
|
44,416,889
|
—
|
—
|
44,416,889
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
—
|
14,749,996
|
—
|
14,749,996
|
|
Municipal Obligations
|
—
|
4,859,052
|
—
|
4,859,052
|
|
Money Market Funds
|
741,741,174
|
193,372,482
|
—
|
935,113,656
|
|
Total Investments in Securities
|
9,031,763,467
|
4,214,243,934
|
—
|
13,246,007,401
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
—
|
5,402
|
—
|
5,402
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(408,172
)
|
—
|
—
|
(408,172
)
|
|
Forward Foreign Currency Contracts
|
—
|
(298,112
)
|
—
|
(298,112
)
|
|
|
(408,172
)
|
(298,112
)
|
—
|
(706,284
)
|
|
Total Other Investments
|
(408,172
)
|
(292,710
)
|
—
|
(700,882
)
|
|
Total Investments
|
$9,031,355,295
|
$4,213,951,224
|
$—
|
$13,245,306,519
|
|
*
|
Unrealized appreciation (depreciation).
|