| Principal Amount | Value | |
| Long-Term Bonds 95.3% | ||
| Corporate Bonds 1.9% | ||
| Brazil 0.6% | ||
| Raizen Fuels Finance SA | ||
| Series Reg S | ||
| 6.95%, due 3/5/54 | $ 625,000 | $ 332,269 |
| Chile 0.4% | ||
| WOM Mobile SA | ||
| Series Reg S | ||
| 11.00%, due 4/1/31 (a)(b) | 200,000 | 202,764 |
| Czech Republic 0.5% | ||
| Energo-Pro A/S | ||
| Series Reg S | ||
| 6.45%, due 4/15/31 | EUR 250,000 | 288,065 |
| Moldova, Republic of 0.4% | ||
| Aragvi Finance International DAC | ||
| Series Reg S | ||
| 12.75%, due 5/26/31 | $ 300,000 | 223,855 |
| Total Corporate Bonds (Cost $1,040,729) | 1,046,953 | |
| Foreign Government Bonds 93.4% | ||
| Angola 3.8% | ||
| Angola Government Bond | ||
| Series Reg S | ||
| 8.00%, due 11/26/29 | 300,000 | 306,344 |
| Series Reg S | ||
| 8.75%, due 4/14/32 | 400,000 | 408,254 |
| Series Reg S | ||
| 9.125%, due 11/26/49 | 500,000 | 469,375 |
| Series Reg S | ||
| 9.244%, due 1/15/31 | 500,000 | 523,007 |
| Series Reg S | ||
| 9.875%, due 3/31/37 | 400,000 | 414,488 |
| 2,121,468 | ||
| Argentina 3.9% | ||
| Argentina Government Bond | ||
| (zero coupon), due 12/15/35 | EUR 2,000,000 | 297,196 |
| 0.75%, due 7/9/30 (c) | $ 111,304 | 97,169 |
| 3.50%, due 7/9/41 (c) | 1,000,000 | 739,000 |
| 4.125%, due 7/9/35 (c) | 909,091 | 718,637 |
| 4.125%, due 7/9/46 (c) | 454,546 | 338,409 |
| 2,190,411 | ||
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Azerbaijan 0.4% | ||
| Azerbaijan Government Bond | ||
| Series Reg S | ||
| 3.50%, due 9/1/32 | $ 250,000 | $ 231,112 |
| Bahrain 2.3% | ||
| Bahrain Government Bond | ||
| Series Reg S | ||
| 6.625%, due 10/6/37 | 500,000 | 449,060 |
| Series Reg S | ||
| 7.10%, due 2/3/38 | 900,000 | 835,026 |
| 1,284,086 | ||
| Benin 0.4% | ||
| Benin Government Bond | ||
| Series Reg S | ||
| 7.96%, due 2/13/38 | 200,000 | 206,934 |
| Bolivia 1.4% | ||
| Bolivia Government Bond | ||
| Series Reg S | ||
| 9.45%, due 5/14/31 (d) | 750,000 | 759,375 |
| Brazil 2.2% | ||
| Brazil Government Bond | ||
| 5.00%, due 1/27/45 | 200,000 | 153,800 |
| 5.625%, due 2/21/47 | 700,000 | 572,250 |
| 6.25%, due 5/22/36 | 500,000 | 484,250 |
| 1,210,300 | ||
| Cameroon 1.2% | ||
| Cameroon Government Bond | ||
| Series Reg S | ||
| 8.875%, due 1/30/33 | 500,000 | 484,052 |
| Series Reg S | ||
| 9.50%, due 7/31/31 | 200,000 | 199,602 |
| 683,654 | ||
| Chile 3.5% | ||
| Chile Government Bond | ||
| 2.55%, due 7/27/33 | 500,000 | 419,500 |
| 3.25%, due 9/21/71 (d) | 500,000 | 292,500 |
| 5.65%, due 1/13/37 | 1,250,000 | 1,260,625 |
| 1,972,625 | ||
| Colombia 3.0% | ||
| Colombia Government Bond | ||
| 5.00%, due 6/15/45 | 500,000 | 379,500 |
| 5.20%, due 5/15/49 | 300,000 | 227,550 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Colombia | ||
| Colombia Government Bond | ||
| 7.75%, due 11/7/36 | $ 500,000 | $ 533,875 |
| 8.00%, due 4/20/33 | 500,000 | 539,500 |
| 1,680,425 | ||
| Costa Rica 1.7% | ||
| Costa Rica Government Bond | ||
| Series Reg S | ||
| 5.625%, due 4/30/43 | 500,000 | 465,000 |
| Series Reg S | ||
| 6.125%, due 2/19/31 | 500,000 | 510,250 |
| 975,250 | ||
| Dominican Republic 4.4% | ||
| Dominican Republic Government Bond | ||
| Series Reg S | ||
| 4.875%, due 9/23/32 | 400,000 | 373,200 |
| Series Reg S | ||
| 5.30%, due 1/21/41 (d) | 900,000 | 774,000 |
| Series Reg S | ||
| 6.60%, due 6/1/36 | 500,000 | 508,000 |
| Series Reg S | ||
| 7.05%, due 2/3/31 | 800,000 | 830,000 |
| 2,485,200 | ||
| Ecuador 3.3% | ||
| Ecuador Government Bond | ||
| Series Reg S | ||
| 6.90%, due 7/31/30 (c) | 720,000 | 714,960 |
| Series Reg S | ||
| 6.90%, due 7/31/35 (c) | 500,000 | 449,500 |
| Series Reg S | ||
| 8.75%, due 1/29/34 | 300,000 | 297,150 |
| Series Reg S | ||
| 9.25%, due 1/29/39 | 400,000 | 398,000 |
| 1,859,610 | ||
| Egypt 3.2% | ||
| Egypt Government Bond | ||
| Series Reg S | ||
| 7.60%, due 3/1/29 | 1,750,000 | 1,790,383 |
| El Salvador 2.3% | ||
| El Salvador Government Bond | ||
| Series Reg S | ||
| 8.25%, due 4/10/32 | 200,000 | 214,000 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| El Salvador | ||
| El Salvador Government Bond | ||
| Series Reg S | ||
| 8.625%, due 2/28/29 | $ 1,000,000 | $ 1,048,800 |
| 1,262,800 | ||
| Ethiopia 2.0% | ||
| Ethiopia Government Bond | ||
| Series Reg S | ||
| 6.625%, due 12/11/24 (e)(f) | 1,050,000 | 1,132,236 |
| Gabon 2.3% | ||
| Gabon Government Bond | ||
| Series Reg S | ||
| 6.625%, due 2/6/31 | 1,450,000 | 1,279,452 |
| Ghana 0.7% | ||
| Ghana Government Bond | ||
| Series Reg S | ||
| 5.00%, due 7/3/35 (c) | 400,000 | 366,222 |
| Honduras 0.7% | ||
| Honduras Government Bond | ||
| Series Reg S | ||
| 6.40%, due 7/29/36 | 417,000 | 414,915 |
| Hungary 2.1% | ||
| Hungary Government Bond | ||
| 7.625%, due 3/29/41 | 1,000,000 | 1,149,730 |
| Indonesia 2.8% | ||
| Indonesia Government Bond | ||
| Series Reg S | ||
| 6.625%, due 2/17/37 | 1,500,000 | 1,582,418 |
| Kenya 2.4% | ||
| Kenya Government Bond | ||
| Series Reg S | ||
| 8.70%, due 2/26/39 | 493,000 | 474,593 |
| Series Reg S | ||
| 9.75%, due 2/16/31 | 800,000 | 850,125 |
| 1,324,718 | ||
| Kyrgyzstan 1.4% | ||
| Eldik Bank OAO | ||
| Series Reg S | ||
| 8.50%, due 4/23/31 | 600,000 | 597,634 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Kyrgyzstan | ||
| Kyrgyzstan Govenrment Bond | ||
| Series Reg S | ||
| 7.75%, due 6/3/30 | $ 200,000 | $ 201,805 |
| 799,439 | ||
| Lebanon 1.1% | ||
| Lebanon Government Bond (e)(f) | ||
| Series Reg S | ||
| 6.60%, due 11/27/26 | 1,800,000 | 485,362 |
| Series Reg S | ||
| 7.00%, due 3/23/32 | 450,000 | 123,655 |
| 609,017 | ||
| Mexico 3.4% | ||
| Mexico Government Bond | ||
| 3.75%, due 4/19/71 | 500,000 | 268,500 |
| 4.75%, due 3/8/44 | 500,000 | 386,500 |
| 5.00%, due 4/27/51 | 500,000 | 374,250 |
| 6.25%, due 8/27/37 | 400,000 | 389,301 |
| 6.625%, due 1/29/38 | 500,000 | 496,750 |
| 1,915,301 | ||
| Montenegro 0.9% | ||
| Montenegro Government Bond | ||
| Series Reg S | ||
| 7.25%, due 3/12/31 | 500,000 | 524,107 |
| Morocco 2.9% | ||
| Morocco Government Bond | ||
| Series Reg S | ||
| 5.125%, due 5/26/38 | EUR 500,000 | 577,307 |
| Series Reg S | ||
| 6.50%, due 9/8/33 | $ 1,000,000 | 1,045,131 |
| 1,622,438 | ||
| Nigeria 4.1% | ||
| Nigeria Government Bond | ||
| Series Reg S | ||
| 6.125%, due 9/28/28 | 800,000 | 800,360 |
| Series Reg S | ||
| 7.875%, due 2/16/32 | 300,000 | 314,814 |
| Series Reg S | ||
| 10.375%, due 12/9/34 | 1,000,000 | 1,192,464 |
| 2,307,638 | ||
| Pakistan 0.7% | ||
| Pakistan Government Bond | ||
| Series Reg S | ||
| 8.875%, due 4/8/51 (d) | 400,000 | 394,749 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Panama 1.3% | ||
| Panama Government Bond | ||
| 5.227%, due 2/23/34 | $ 200,000 | $ 192,900 |
| 6.853%, due 3/28/54 | 500,000 | 513,750 |
| 706,650 | ||
| Papua New Guinea 0.7% | ||
| Papua New Guinea Government Bond | ||
| Series Reg S | ||
| 8.375%, due 10/4/28 | 400,000 | 418,010 |
| Peru 1.7% | ||
| Peru Government Bond | ||
| 1.862%, due 12/1/32 | 300,000 | 244,950 |
| 3.60%, due 1/15/72 | 300,000 | 181,200 |
| 6.55%, due 3/14/37 | 500,000 | 530,400 |
| 956,550 | ||
| Poland 2.6% | ||
| Poland Government Bond | ||
| 5.125%, due 9/18/34 | 1,500,000 | 1,479,849 |
| Republic Of Serbia 0.2% | ||
| Telecommunications co Telekom Srbija AD | ||
| Series Reg S | ||
| 7.125%, due 5/18/36 | EUR 100,000 | 116,914 |
| Republic of the Congo 1.4% | ||
| Congo Government Bond | ||
| Series Reg S | ||
| 9.50%, due 2/17/35 | $ 600,000 | 579,962 |
| Series Reg S | ||
| 9.50%, due 5/26/36 | 200,000 | 189,252 |
| 769,214 | ||
| Romania 2.9% | ||
| Romanian Government Bond | ||
| Series Reg S | ||
| 5.75%, due 9/16/30 | 800,000 | 799,788 |
| Series Reg S | ||
| 7.125%, due 1/17/33 | 800,000 | 839,770 |
| 1,639,558 | ||
| Saudi Arabia 3.9% | ||
| Saudi Government Bond | ||
| Series Reg S | ||
| 5.625%, due 1/13/35 | 1,000,000 | 1,013,269 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Saudi Arabia | ||
| Saudi Government Bond | ||
| Series Reg S | ||
| 5.875%, due 1/12/56 | $ 1,250,000 | $ 1,146,051 |
| 2,159,320 | ||
| South Africa 4.0% | ||
| South Africa Government Bond | ||
| 5.875%, due 6/22/30 | 500,000 | 507,751 |
| 6.30%, due 6/22/48 | 750,000 | 662,876 |
| Series Reg S | ||
| 7.10%, due 11/19/36 | 1,000,000 | 1,047,899 |
| 2,218,526 | ||
| Suriname 1.5% | ||
| Suriname Government Bond | ||
| Series Reg S | ||
| 7.70%, due 11/6/30 | 400,000 | 410,000 |
| Series Reg S | ||
| 8.50%, due 11/6/35 | 400,000 | 429,000 |
| 839,000 | ||
| Turkey 2.8% | ||
| Turkey Government Bond | ||
| 9.375%, due 3/14/29 | 500,000 | 538,002 |
| 9.875%, due 1/15/28 | 1,000,000 | 1,056,583 |
| 1,594,585 | ||
| Ukraine 3.2% | ||
| Ukraine Government Bond (c) | ||
| Series Reg S | ||
| (zero coupon), due 2/1/36 | 1,100,000 | 657,232 |
| Series Reg S | ||
| 4.00%, due 2/1/32 | 700,000 | 580,118 |
| Series Reg S | ||
| 4.50%, due 2/1/36 | 773,536 | 525,408 |
| 1,762,758 | ||
| Venezuela 2.7% | ||
| Petroleos de Venezuela SA (e)(f) | ||
| Series Reg S | ||
| 5.50%, due 4/12/37 | 1,000,000 | 365,130 |
| Series Reg S | ||
| 6.00%, due 10/28/22 | 800,000 | 288,000 |
| Series Reg S | ||
| 6.00%, due 5/16/24 | 800,000 | 299,888 |
| Principal Amount | Value | ||
| Foreign Government Bonds | |||
| Venezuela | |||
| Venezuela Government Bond | |||
| Series Reg S | |||
| 7.00%, due 3/31/38 | $ 1,250,000 | $ 541,875 | |
| 1,494,893 | |||
| Total Foreign Government Bonds (Cost $52,511,685) | 52,291,840 | ||
| Total Long-Term Bonds (Cost $53,552,414) | 53,338,793 | ||
| Short-Term Investment 3.1% | |||
| Unaffiliated Investment Company 3.1% | |||
| United States 3.1% | |||
| Invesco Government & Agency Portfolio, 3.742% (g)(h) | 1,745,417 | 1,745,417 | |
| Total Short-Term Investment (Cost $1,745,417) | 1,745,417 | ||
| Total Investments (Cost $55,297,831) | 98.4% | 55,084,210 | |
| Other Assets, Less Liabilities | 1.6 | 872,997 | |
| Net Assets | 100.0% | $ 55,957,207 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| (a) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (b) | PIK ("Payment-in-Kind")—issuer may pay interest or dividends with additional securities and/or in cash. |
| (c) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (d) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $1,663,340. The Fund received cash collateral with a value of $1,745,417. |
| (e) | Issue in default. |
| (f) | Issue in non-accrual status. |
| (g) | Current yield as of July 31, 2026. |
| (h) | Represents a security purchased with cash collateral received for securities on loan. |
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||
| EUR | 1,000,000 | USD | 1,148,500 | Barclays Capital | 9/22/26 | $ 6,958 |
| EUR | 700,000 | USD | 803,210 | JPMorgan Chase Bank N.A. | 9/22/26 | 5,611 |
| USD | 3,491,677 | EUR | 3,000,000 | Barclays Capital | 9/22/26 | 25,301 |
| Total Unrealized Appreciation | $ 37,870 | |||||
| 1. | Foreign Currency Forward Contracts are subject to limitations such that they cannot be “sold or repurchased,” although the Fund would be able to exit the transaction through other means, such as through the execution of an offsetting transaction. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Long Contracts | |||||
| U.S. Treasury 2 Year Notes | 20 | September 2026 | $ 4,127,549 | $ 4,112,188 | $ (15,361) |
| U.S. Treasury 5 Year Notes | 25 | September 2026 | 2,674,083 | 2,649,414 | (24,669) |
| U.S. Treasury Ultra Bonds | 18 | September 2026 | 2,042,299 | 1,974,375 | (67,924) |
| Net Unrealized Depreciation | $ (107,954) |
| 1. | As of July 31, 2026, cash in the amount of $162,745 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| EUR—Euro |
| USD—United States Dollar |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Corporate Bonds | $ — | $ 1,046,953 | $ — | $ 1,046,953 | |||
| Foreign Government Bonds | — | 52,291,840 | — | 52,291,840 | |||
| Total Long-Term Bonds | — | 53,338,793 | — | 53,338,793 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 1,745,417 | — | — | 1,745,417 | |||
| Total Investments in Securities | 1,745,417 | 53,338,793 | — | 55,084,210 | |||
| Other Financial Instruments | |||||||
| Foreign Currency Forward Contracts (b) | — | 37,870 | — | 37,870 | |||
| Total Investments in Securities | $ 1,745,417 | $ 53,376,663 | $ — | $ 55,122,080 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | $ (107,954) | $ — | $ — | $ (107,954) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 36.7% | ||
| Asset-Backed Securities 4.0% | ||
| Automobile Asset-Backed Securities 1.3% | ||
| Ally Bank Auto Credit-Linked Notes (a) | ||
| Series 2025-B, Class F | ||
| 6.942%, due 9/15/33 | $ 703,146 | $ 702,708 |
| Series 2025-A, Class G | ||
| 10.219%, due 6/15/33 | 575,978 | 581,835 |
| Series 2024-A, Class G | ||
| 12.748%, due 5/17/32 | 253,885 | 261,554 |
| Bridgecrest Lending Auto Securitization Trust | ||
| Series 2025-3, Class E | ||
| 6.62%, due 5/17/32 (a) | 1,315,000 | 1,298,554 |
| CarMax Select Receivables Trust | ||
| Series 2025-B, Class D | ||
| 5.33%, due 7/15/31 | 1,095,000 | 1,087,946 |
| Exeter Automobile Receivables Trust | ||
| Series 2026-3A, Class D | ||
| 5.44%, due 10/15/32 | 1,000,000 | 996,861 |
| Series 2022-2A, Class E | ||
| 6.34%, due 10/15/29 (a) | 1,060,000 | 1,032,221 |
| Series 2023-4A, Class D | ||
| 6.95%, due 12/17/29 | 175,000 | 177,357 |
| Series 2025-3A, Class E | ||
| 7.52%, due 12/15/32 (a) | 1,400,000 | 1,418,752 |
| Series 2025-2A, Class E | ||
| 7.81%, due 10/15/32 (a) | 1,665,000 | 1,702,292 |
| Exeter Select Automobile Receivables Trust | ||
| Series 2025-2, Class D | ||
| 5.34%, due 1/15/32 | 910,000 | 904,120 |
| Flagship Credit Auto Trust (a) | ||
| Series 2021-3, Class E | ||
| 3.32%, due 12/15/28 | 1,316,000 | 1,134,949 |
| Series 2022-1, Class D | ||
| 3.64%, due 3/15/28 | 484,973 | 478,244 |
| Series 2022-2, Class D | ||
| 5.80%, due 4/17/28 | 1,210,000 | 1,020,110 |
| GLS Auto Receivables Issuer Trust | ||
| Series 2026-2A, Class D | ||
| 5.38%, due 1/15/32 (a) | 885,000 | 880,107 |
| Hertz Vehicle Financing III LP | ||
| Series 2021-2A, Class D | ||
| 4.34%, due 12/27/27 (a) | 979,167 | 971,681 |
| Huntington Bank Auto Credit-Linked Notes | ||
| Series 2024-2, Class E | ||
| 11.121% (SOFR 30A + 7.50%), due 10/20/32 (a)(b) | 463,328 | 456,546 |
| Santander Bank Auto Credit-Linked Notes | ||
| Series 2023-B, Class F | ||
| 12.24%, due 12/15/33 (a) | 328,976 | 342,266 |
| 15,448,103 | ||
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Home Equity Asset-Backed Security 0.2% | ||
| J.P. Morgan Mortgage Trust | ||
| Series 2026-ACES1, Class M1 | ||
| 5.609%, due 4/25/66 (a)(c) | $ 1,895,000 | $ 1,859,517 |
| Other Asset-Backed Securities 2.5% | ||
| 720 East CLO IV Ltd. | ||
| Series 2024-1A, Class D1R | ||
| 6.572% (3 Month SOFR + 2.90%), due 7/15/39 (a)(b) | 350,000 | 348,965 |
| AGL CLO 26 Ltd. | ||
| Series 2023-26A, Class D1R | ||
| 6.634% (3 Month SOFR + 2.90%), due 10/21/38 (a)(b) | 400,000 | 397,340 |
| American Airlines Pass-Through Trust | ||
| Series 2016-2, Class AA | ||
| 3.20%, due 6/15/28 | 382,160 | 370,916 |
| Series 2016-2, Class A | ||
| 3.65%, due 6/15/28 | 887,960 | 858,436 |
| Antares CLO Ltd. | ||
| Series 2026-1A, Class B | ||
| 5.479% (3 Month SOFR + 1.75%), due 4/20/39 (a)(b) | 500,000 | 496,806 |
| ARES Direct Lending CLO 3 LLC | ||
| Series 2024-3A, Class A2 | ||
| 5.479% (3 Month SOFR + 1.75%), due 1/20/37 (a)(b) | 450,000 | 450,015 |
| Bain Capital Credit CLO Ltd. | ||
| Series 2021-6A, Class DR | ||
| 6.684% (3 Month SOFR + 2.95%), due 10/21/34 (a)(b) | 350,000 | 339,639 |
| Bayfront Labs VII Pte. Ltd. | ||
| Series 7A, Class A | ||
| 4.94% (SOFR + 1.28%), due 4/11/48 (a)(b) | 845,790 | 846,698 |
| BCC Middle Market CLO LLC | ||
| Series 2023-1A, Class DR | ||
| 6.979% (3 Month SOFR + 3.25%), due 7/20/37 (a)(b) | 450,000 | 446,093 |
| Benefit Street Partners CLO XXXII Ltd. | ||
| Series 2023-32A, Class AR | ||
| 5.02% (3 Month SOFR + 1.21%), due 10/25/38 (a)(b) | 1,000,000 | 1,001,867 |
| British Airways Pass-Through Trust | ||
| Series 2021-1, Class A | ||
| 2.90%, due 3/15/35 (a) | 1,523,169 | 1,380,939 |
| CF Hippolyta Issuer LLC | ||
| Series 2021-1A, Class A1 | ||
| 1.53%, due 3/15/61 (a) | 1,578,733 | 1,233,877 |
| Consolidated Communications LLC | ||
| Series 2025-4A, Class A2 | ||
| 5.522%, due 12/20/55 (a) | 920,000 | 919,309 |
| Flexential Issuer LLC | ||
| Series 2025-1A, Class C | ||
| 8.54%, due 10/25/60 (a) | 865,000 | 851,728 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Fortress Credit Opportunities XXI CLO LLC | ||
| Series 2023-21A, Class A1TR | ||
| 5.304% (3 Month SOFR + 1.57%), due 1/21/37 (a)(b) | $ 500,000 | $ 498,501 |
| Golub Capital CLO 86B Ltd. | ||
| Series 2026-86A, Class C | ||
| 5.358% (3 Month SOFR + 1.70%), due 1/25/39 (a)(b) | 400,000 | 399,208 |
| Golub Capital Partners CLO 67M Ltd. | ||
| Series 2023-67A, Class CR | ||
| 5.848% (3 Month SOFR + 2.20%), due 5/9/36 (a)(b) | 525,000 | 522,429 |
| Home Partners of America Trust | ||
| Series 2021-2, Class B | ||
| 2.302%, due 12/17/26 (a) | 447,546 | 442,688 |
| HPEFS Equipment Trust | ||
| Series 2024-1A, Class D | ||
| 5.82%, due 11/20/31 (a) | 1,265,000 | 1,273,226 |
| Invitation Homes Trust | ||
| Series 2024-SFR1, Class D | ||
| 4.25%, due 9/17/41 (a) | 1,053,000 | 1,003,824 |
| Ivy Hill Middle Market Credit Fund VII Ltd. | ||
| Series 7A, Class AR3 | ||
| 5.353% (3 Month SOFR + 1.60%), due 10/15/36 (a)(b) | 450,000 | 450,221 |
| Kinetic ABS Issuer LLC | ||
| Series 2026-1A, Class B | ||
| 5.561%, due 2/25/56 (a) | 1,110,000 | 1,087,749 |
| Kohlberg Credit CLO LLC | ||
| Series 2026-1A, Class A | ||
| 5.206% (3 Month SOFR + 1.48%), due 4/15/38 (a)(b) | 600,000 | 595,538 |
| New Economy Assets Phase 1 Sponsor LLC | ||
| Series 2021-1, Class B1 | ||
| 2.41%, due 10/20/61 (a) | 660,000 | 383,213 |
| OCP CLO Ltd. | ||
| Series 2017-14A, Class A1R | ||
| 5.099% (3 Month SOFR + 1.37%), due 7/20/37 (a)(b) | 650,000 | 650,848 |
| Octagon Investment Partners 49 Ltd. | ||
| Series 2020-5A, Class ARR | ||
| 4.873% (3 Month SOFR + 1.12%), due 4/15/37 (a)(b) | 600,000 | 599,058 |
| Owl Rock CLO XX LLC | ||
| Series 2024-20A, Class C | ||
| 5.875% (3 Month SOFR + 2.10%), due 10/24/34 (a)(b) | 500,000 | 493,471 |
| RAD CLO 25 Ltd. | ||
| Series 2024-25A, Class A1 | ||
| 5.189% (3 Month SOFR + 1.46%), due 7/20/37 (a)(b) | 450,000 | 450,779 |
| Retained Vantage Data Centers Issuer LLC | ||
| Series 2023-1A, Class A2A | ||
| 5.00%, due 9/15/48 (a) | 725,000 | 715,354 |
| RIN V LLC | ||
| Series 2023-2A, Class A1R | ||
| 5.081% (3 Month SOFR + 1.34%), due 10/14/36 (a)(b) | 850,000 | 850,068 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| RIN XIII LLC | ||
| Series 2026-1A, Class A1 | ||
| 5.043% (3 Month SOFR + 1.29%), due 4/15/39 (a)(b) | $ 600,000 | $ 600,313 |
| Shentel Issuer LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.64%, due 12/20/55 (a) | 845,000 | 846,038 |
| Signal Peak CLO 12 Ltd. | ||
| Series 2022-12A, Class A1R | ||
| 5.129% (3 Month SOFR + 1.40%), due 7/18/37 (a)(b) | 530,000 | 530,263 |
| Silver Point SCF CLO IV Ltd. | ||
| Series 2021-1A, Class A2R | ||
| 5.703% (3 Month SOFR + 1.95%), due 10/15/36 (a)(b) | 450,000 | 451,018 |
| SoFi Consumer Loan Program | ||
| Series 2026-3, Class D | ||
| 5.64%, due 6/25/35 (a) | 1,000,000 | 994,997 |
| Subway Funding LLC (a) | ||
| Series 2024-3A, Class A23 | ||
| 5.914%, due 7/30/54 | 505,988 | 483,643 |
| Series 2024-1A, Class A2I | ||
| 6.028%, due 7/30/54 | 383,175 | 383,968 |
| Switch ABS Issuer LLC | ||
| Series 2025-2A, Class B | ||
| 6.244%, due 10/25/55 (a) | 685,000 | 661,718 |
| United Airlines Pass-Through Trust | ||
| Series 2020-1, Class A | ||
| 5.875%, due 10/15/27 | 584,503 | 590,392 |
| Uniti Fiber ABS Issuer LLC | ||
| Series 2025-2A, Class C | ||
| 7.834%, due 1/20/56 (a) | 745,000 | 753,670 |
| Vantage Data Centers Issuer LLC | ||
| Series 2021-1A, Class A2 | ||
| 2.165%, due 10/15/46 (a) | 835,000 | 830,626 |
| Vertical Bridge CC LLC | ||
| Series 2025-1A, Class D | ||
| 9.383%, due 8/16/55 (a) | 570,000 | 581,923 |
| Zayo Issuer LLC (a) | ||
| Series 2026-1A, Class B | ||
| 6.035%, due 4/20/56 | 640,000 | 632,609 |
| Series 2025-2A, Class B | ||
| 6.586%, due 6/20/55 | 755,000 | 762,676 |
| 29,462,657 | ||
| Total Asset-Backed Securities (Cost $47,714,216) | 46,770,277 | |
| Principal Amount | Value | |
| Corporate Bonds 10.9% | ||
| Airlines 0.3% | ||
| American Airlines, Inc. | ||
| 5.75%, due 4/20/29 (a) | $ 779,167 | $ 774,882 |
| Avianca Midco 2 plc | ||
| Series Reg S | ||
| 9.625%, due 2/14/30 (d) | 775,000 | 748,588 |
| Delta Air Lines, Inc. | ||
| 4.75%, due 10/20/28 (a) | 1,593,750 | 1,591,013 |
| 3,114,483 | ||
| Auto Manufacturers 0.5% | ||
| Ford Motor Credit Co. LLC | ||
| 2.70%, due 8/10/26 | 940,000 | 939,672 |
| 4.125%, due 8/17/27 | 1,050,000 | 1,041,818 |
| 6.80%, due 5/12/28 | 730,000 | 748,794 |
| Nissan Motor Acceptance Co. LLC | ||
| 1.85%, due 9/16/26 (a) | 1,905,000 | 1,897,326 |
| Toyota Motor Credit Corp. | ||
| Series B | ||
| 4.60%, due 3/11/33 | 560,000 | 541,489 |
| Volkswagen Group of America Finance LLC | ||
| 5.65%, due 3/25/32 (a) | 935,000 | 939,207 |
| 6,108,306 | ||
| Auto Parts & Equipment 0.1% | ||
| American Axle & Manufacturing, Inc. | ||
| 6.375%, due 10/15/32 (a) | 775,000 | 770,863 |
| Goodyear Tire & Rubber Co. (The) | ||
| 6.625%, due 7/15/30 | 585,000 | 565,669 |
| 1,336,532 | ||
| Banks 2.9% | ||
| Australia & New Zealand Banking Group Ltd. | ||
| 5.731% (5 Year Treasury Constant Maturity Rate + 1.618%), due 9/18/34 (a)(b) | 1,155,000 | 1,170,869 |
| Banco Santander SA | ||
| 2.749%, due 12/3/30 | 1,000,000 | 901,091 |
| Barclays plc | ||
| 4.375% (5 Year Treasury Constant Maturity Rate + 3.41%), due 3/15/28 (b)(e) | 1,660,000 | 1,613,201 |
| 5.102%, due 6/26/32 (f) | 800,000 | 789,819 |
| 5.207%, due 2/24/37 (f) | 290,000 | 275,952 |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | ||
| 5.40%, due 6/3/31 (a) | 1,055,000 | 1,047,404 |
| BNP Paribas SA (a) | ||
| 3.052%, due 1/13/31 (f) | 1,170,000 | 1,092,693 |
| 4.625% (5 Year Treasury Constant Maturity Rate + 3.196%), due 1/12/27 (b)(e) | 1,450,000 | 1,441,706 |
| Citizens Financial Group, Inc. | ||
| 2.638%, due 9/30/32 | 1,720,000 | 1,465,952 |
| 5.299% (5 Year Treasury Constant Maturity Rate + 1.45%), due 1/29/36 (b) | 950,000 | 930,048 |
| Deutsche Bank AG (f) | ||
| 3.035%, due 5/28/32 | 600,000 | 540,396 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| Deutsche Bank AG (f) | ||
| 4.725%, due 2/6/32 | $ 775,000 | $ 755,203 |
| 5.06%, due 4/14/32 | 1,525,000 | 1,506,909 |
| First Horizon Bank | ||
| 5.75%, due 5/1/30 | 1,555,000 | 1,563,976 |
| First Horizon Corp. | ||
| 5.514%, due 3/7/31 (f) | 625,000 | 627,434 |
| Goldman Sachs Group, Inc. (The) | ||
| 1.992%, due 1/27/32 (f) | 1,165,000 | 1,015,562 |
| 6.75%, due 10/1/37 | 444,000 | 471,599 |
| Huntington Bancshares, Inc. | ||
| 4.623%, due 1/28/32 (f) | 755,000 | 734,572 |
| 5.605% (5 Year Treasury Constant Maturity Rate + 1.35%), due 1/28/41 (b) | 535,000 | 512,839 |
| KeyBank NA | ||
| 4.90%, due 8/8/32 | 870,000 | 843,951 |
| Lloyds Banking Group plc | ||
| 4.976% (1 Year Treasury Constant Maturity Rate + 2.30%), due 8/11/33 (b) | 750,000 | 738,107 |
| M&T Bank Corp. | ||
| 5.295% (5 Year Treasury Constant Maturity Rate + 1.38%), due 4/18/36 (b) | 890,000 | 874,178 |
| 5.385%, due 1/16/36 (f) | 365,000 | 357,469 |
| Morgan Stanley (f) | ||
| 2.484%, due 9/16/36 | 2,115,000 | 1,815,237 |
| 2.511%, due 10/20/32 | 1,530,000 | 1,337,510 |
| Santander Holdings USA, Inc. | ||
| 6.499%, due 3/9/29 (f) | 735,000 | 752,114 |
| Societe Generale SA | ||
| 5.375% (5 Year Treasury Constant Maturity Rate + 4.514%), due 11/18/30 (a)(b)(e) | 1,300,000 | 1,234,588 |
| Standard Chartered plc | ||
| 2.678% (1 Year Treasury Constant Maturity Rate + 1.20%), due 6/29/32 (a)(b) | 970,000 | 859,989 |
| UBS Group AG | ||
| 3.091%, due 5/14/32 (a)(f) | 1,040,000 | 944,413 |
| UniCredit SpA | ||
| 5.861% (5 Year USD Interest Rate Swap + 3.703%), due 6/19/32 (a)(b) | 1,625,000 | 1,631,634 |
| USB Realty Corp. | ||
| 5.162% (3 Month SOFR + 1.409%), due 1/15/27 (a)(b)(e) | 680,000 | 608,298 |
| Valley National Bancorp | ||
| 6.219%, due 6/1/36 (f) | 635,000 | 628,362 |
| Wells Fargo & Co. | ||
| 3.35%, due 3/2/33 (f) | 935,000 | 850,449 |
| Western Alliance Bank | ||
| 6.537% (5 Year Treasury Constant Maturity Rate + 2.85%), due 11/15/35 (b) | 600,000 | 592,086 |
| Westpac Banking Corp. | ||
| 3.02% (5 Year Treasury Constant Maturity Rate + 1.53%), due 11/18/36 (b) | 1,255,000 | 1,110,585 |
| 33,636,195 | ||
| Building Materials 0.2% | ||
| AmeriTex HoldCo Intermediate LLC | ||
| 7.625%, due 8/15/33 (a) | 570,000 | 586,855 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Building Materials | ||
| EMRLD Borrower LP | ||
| 6.75%, due 7/15/31 (a) | $ 765,000 | $ 784,610 |
| Miter Brands Acquisition Holdco, Inc. | ||
| 6.75%, due 4/1/32 (a) | 385,000 | 379,069 |
| 1,750,534 | ||
| Chemicals 0.2% | ||
| Eastman Chemical Co. | ||
| 4.50%, due 2/20/31 | 555,000 | 539,367 |
| Huntsman International LLC | ||
| 4.50%, due 5/1/29 (d) | 927,000 | 892,208 |
| Sasol Financing USA LLC | ||
| 8.75%, due 5/3/29 (a) | 529,000 | 555,241 |
| SCIH Salt Holdings, Inc. | ||
| 6.625%, due 8/15/31 (a) | 385,000 | 384,931 |
| 2,371,747 | ||
| Commercial Services 0.2% | ||
| Ashtead Capital, Inc. | ||
| 4.00%, due 5/1/28 (a) | 935,000 | 918,853 |
| Carrix, Inc. | ||
| 6.125%, due 8/1/33 (a) | 430,000 | 428,014 |
| Global Payments, Inc. | ||
| 4.875%, due 11/15/30 | 1,075,000 | 1,045,664 |
| 2,392,531 | ||
| Computers 0.0% ‡ | ||
| Dell International LLC | ||
| 3.375%, due 12/15/41 | 400,000 | 293,149 |
| Diversified Financial Services 0.7% | ||
| Ally Financial, Inc. (b)(e) | ||
| Series C | ||
| 4.70% (7 Year Treasury Constant Maturity Rate + 3.481%), due 5/15/28 | 705,000 | 681,180 |
| Series D | ||
| 7.10% (5 Year Treasury Constant Maturity Rate + 3.148%), due 8/15/31 | 210,000 | 211,194 |
| Avolon Holdings Funding Ltd. (a) | ||
| 4.70%, due 1/30/31 | 555,000 | 540,470 |
| 4.85%, due 4/1/33 | 810,000 | 772,953 |
| Bread Financial Holdings, Inc. (a) | ||
| 6.75%, due 5/15/31 | 710,000 | 723,811 |
| 8.375% (5 Year Treasury Constant Maturity Rate + 4.30%), due 6/15/35 (b) | 415,000 | 429,560 |
| Capital One Financial Corp. (f) | ||
| 4.722%, due 1/30/32 | 630,000 | 616,056 |
| 5.197%, due 9/11/36 | 475,000 | 454,697 |
| OneMain Finance Corp. | ||
| 6.75%, due 3/15/32 | 885,000 | 880,712 |
| 7.50%, due 5/15/31 | 800,000 | 820,000 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Diversified Financial Services | ||
| Rocket Cos., Inc. (a) | ||
| 6.125%, due 8/1/31 | $ 270,000 | $ 271,230 |
| 6.50%, due 6/15/34 | 135,000 | 136,067 |
| Synchrony Financial | ||
| 5.45%, due 3/6/31 (f) | 880,000 | 876,789 |
| Series C | ||
| 7.25% (5 Year Treasury Constant Maturity Rate + 3.078%), due 8/15/31 (b)(e) | 475,000 | 467,187 |
| VFH Parent LLC | ||
| 7.50%, due 6/15/31 (a) | 755,000 | 782,886 |
| 8,664,792 | ||
| Electric 1.2% | ||
| AEP Texas, Inc. | ||
| 4.70%, due 5/15/32 | 1,135,000 | 1,109,830 |
| Arizona Public Service Co. | ||
| 2.20%, due 12/15/31 | 1,930,000 | 1,667,113 |
| Edison International (b) | ||
| 7.875% (5 Year Treasury Constant Maturity Rate + 3.658%), due 6/15/54 | 430,000 | 443,743 |
| 8.125% (5 Year Treasury Constant Maturity Rate + 3.864%), due 6/15/53 | 530,000 | 542,239 |
| Emera US Finance LLC | ||
| Series A | ||
| 6.65% (5 Year Treasury Constant Maturity Rate + 2.866%), due 10/1/56 (b) | 755,000 | 758,393 |
| EnfraGen Energia Sur SA | ||
| 5.375%, due 12/30/30 (a) | 801,405 | 753,745 |
| Evergy Kansas Central, Inc. | ||
| 5.30%, due 7/1/36 | 880,000 | 865,338 |
| Evergy Missouri West, Inc. | ||
| 5.25%, due 12/15/35 (a) | 350,000 | 340,925 |
| Jersey Central Power & Light Co. | ||
| 2.75%, due 3/1/32 (a) | 1,655,000 | 1,457,489 |
| Nevada Power Co. | ||
| Series GG | ||
| 5.90%, due 5/1/53 | 530,000 | 506,737 |
| Ohio Power Co. | ||
| Series R | ||
| 2.90%, due 10/1/51 | 1,000,000 | 580,202 |
| PacifiCorp | ||
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.319%), due 9/15/55 (b) | 125,000 | 124,323 |
| Southern California Edison Co. | ||
| 4.00%, due 4/1/47 | 660,000 | 471,256 |
| 5.70%, due 3/1/53 | 570,000 | 505,660 |
| Virginia Electric and Power Co. | ||
| 2.95%, due 11/15/51 | 1,035,000 | 610,726 |
| Vistra Operations Co. LLC | ||
| 5.25%, due 4/30/33 (a) | 820,000 | 801,741 |
| VoltaGrid LLC | ||
| 7.375%, due 11/1/30 (a) | 560,000 | 562,784 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| XPLR Infrastructure Operating Partners LP (a) | ||
| 4.50%, due 9/15/27 | $ 614,000 | $ 606,938 |
| 7.25%, due 1/15/29 (d) | 785,000 | 809,561 |
| 8.375%, due 1/15/31 | 575,000 | 611,125 |
| Zorlu Enerji Elektrik Uretim A/S | ||
| Series Reg S | ||
| 11.00%, due 4/23/30 | 525,000 | 389,850 |
| 14,519,718 | ||
| Electrical Components & Equipment 0.0% ‡ | ||
| Energizer Holdings, Inc. | ||
| 6.00%, due 9/15/33 (a) | 595,000 | 563,819 |
| Entertainment 0.1% | ||
| Penn Entertainment, Inc. | ||
| 6.75%, due 4/1/31 (a) | 770,000 | 772,783 |
| Food 0.4% | ||
| Grupo Nutresa SA | ||
| Series Reg S | ||
| 8.00%, due 5/12/30 | 200,000 | 210,900 |
| 9.00%, due 5/12/35 (a) | 550,000 | 609,124 |
| JBS NV | ||
| 5.75%, due 4/1/33 | 1,228,000 | 1,245,464 |
| Minerva Luxembourg SA | ||
| 8.875%, due 9/13/33 (a) | 1,225,000 | 1,268,089 |
| Post Holdings, Inc. (a) | ||
| 4.50%, due 9/15/31 | 220,000 | 203,893 |
| 4.625%, due 4/15/30 | 490,000 | 471,995 |
| Smithfield Foods, Inc. | ||
| 4.25%, due 2/1/27 (a) | 1,180,000 | 1,174,598 |
| 5,184,063 | ||
| Forest Products & Paper 0.1% | ||
| Suzano Austria GmbH | ||
| 4.00%, due 1/15/31 (g) | 1,200,000 | 1,121,553 |
| Gas 0.2% | ||
| Brooklyn Union Gas Co. (The) | ||
| 6.388%, due 9/15/33 (a) | 865,000 | 904,970 |
| National Fuel Gas Co. | ||
| 2.95%, due 3/1/31 | 1,375,000 | 1,246,063 |
| Southern California Gas Co. | ||
| Series VV | ||
| 4.30%, due 1/15/49 | 845,000 | 655,016 |
| 2,806,049 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Healthcare-Services 0.1% | ||
| Prime Healthcare Services, Inc. | ||
| 9.375%, due 9/1/29 (a) | $ 625,000 | $ 651,662 |
| Housewares 0.1% | ||
| Newell Brands, Inc. | ||
| 8.50%, due 6/1/28 (a) | 735,000 | 767,145 |
| Insurance 0.2% | ||
| Belrose Funding Trust II | ||
| 6.792%, due 5/15/55 (a) | 705,000 | 700,820 |
| Five Corners Funding Trust III | ||
| 5.791%, due 2/15/33 (a) | 770,000 | 785,549 |
| Jackson Financial, Inc. | ||
| 6.15%, due 1/15/37 | 540,000 | 527,873 |
| Prudential Financial, Inc. | ||
| 6.25% (5 Year Treasury Constant Maturity Rate + 1.779%), due 6/15/56 (b) | 530,000 | 525,022 |
| 2,539,264 | ||
| Internet 0.2% | ||
| Amazon.com, Inc. | ||
| 5.10%, due 7/9/33 | 595,000 | 589,472 |
| Meta Platforms, Inc. | ||
| 5.625%, due 11/15/55 | 420,000 | 351,273 |
| Rakuten Group, Inc. | ||
| 9.75%, due 4/15/29 (a) | 870,000 | 944,620 |
| Wayfair LLC | ||
| 6.75%, due 11/15/32 (a) | 770,000 | 783,868 |
| 2,669,233 | ||
| Iron & Steel 0.1% | ||
| Mineral Resources Ltd. | ||
| 7.00%, due 4/1/31 (a) | 630,000 | 648,313 |
| Leisure Time 0.1% | ||
| NCL Corp. Ltd. | ||
| 6.75%, due 2/1/32 (a) | 785,000 | 769,428 |
| Royal Caribbean Cruises Ltd. | ||
| 4.75%, due 5/15/33 | 370,000 | 354,231 |
| 1,123,659 | ||
| Lodging 0.2% | ||
| Fortune Star BVI Ltd. | ||
| Series Reg S | ||
| 8.50%, due 5/19/28 | 220,000 | 223,798 |
| Las Vegas Sands Corp. | ||
| 5.625%, due 6/15/28 | 1,025,000 | 1,034,294 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Lodging | ||
| Studio City Finance Ltd. | ||
| 5.00%, due 1/15/29 (a) | $ 965,000 | $ 918,169 |
| 2,176,261 | ||
| Machinery—Construction & Mining 0.1% | ||
| Terex Corp. | ||
| 6.25%, due 10/15/32 (a) | 810,000 | 812,907 |
| Media 0.1% | ||
| Space Exploration Technologies Corp. | ||
| 5.65%, due 7/15/33 (a) | 400,000 | 383,211 |
| Univision Communications, Inc. | ||
| 4.50%, due 5/1/29 (a) | 835,000 | 790,704 |
| 1,173,915 | ||
| Mining 0.1% | ||
| Compass Minerals International, Inc. | ||
| 8.00%, due 7/1/30 (a) | 705,000 | 736,449 |
| Perenti Finance Pty. Ltd. | ||
| 7.50%, due 4/26/29 (a) | 665,000 | 681,864 |
| 1,418,313 | ||
| Miscellaneous—Manufacturing 0.1% | ||
| Textron Financial Corp. | ||
| 5.648% (3 Month SOFR + 1.997%), due 2/15/42 (a)(b) | 1,085,000 | 987,929 |
| Oil & Gas 0.3% | ||
| California Resources Corp. | ||
| 7.25%, due 1/15/35 (a) | 500,000 | 494,039 |
| Comstock Resources, Inc. | ||
| 6.75%, due 3/1/29 (a) | 580,000 | 571,206 |
| Energean Israel Finance Ltd. | ||
| Series Reg S | ||
| 5.375%, due 3/30/28 (a) | 120,000 | 118,888 |
| Matador Resources Co. | ||
| 6.00%, due 4/15/34 (a) | 480,000 | 464,249 |
| SM Energy Co. | ||
| 6.625%, due 4/15/34 (a) | 910,000 | 904,382 |
| Sunoco LP (a) | ||
| 5.375%, due 7/15/31 | 505,000 | 495,357 |
| 5.625%, due 7/15/34 | 505,000 | 488,261 |
| Valaris Ltd. | ||
| 8.375%, due 4/30/30 (a) | 160,000 | 165,648 |
| 3,702,030 | ||
| Oil & Gas Services 0.1% | ||
| SESI LLC | ||
| 7.875%, due 9/30/30 (a) | 1,085,000 | 1,097,831 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Packaging & Containers 0.1% | ||
| Cascades, Inc. | ||
| 6.75%, due 7/15/30 (a) | $ 775,000 | $ 787,299 |
| Clydesdale Acquisition Holdings, Inc. | ||
| 6.75%, due 4/15/32 (a) | 780,000 | 742,796 |
| 1,530,095 | ||
| Pipelines 0.7% | ||
| Cheniere Corpus Christi Holdings LLC | ||
| 2.742%, due 12/31/39 | 1,580,000 | 1,325,551 |
| Cheniere Energy, Inc. | ||
| 5.20%, due 7/30/36 (a) | 550,000 | 532,023 |
| Delek Logistics Partners LP | ||
| 6.875%, due 6/1/34 (a) | 950,000 | 954,572 |
| DT Midstream, Inc. | ||
| 4.30%, due 4/15/32 (a) | 1,000,000 | 944,089 |
| Energy Transfer LP | ||
| 5.35%, due 5/15/45 | 205,000 | 179,154 |
| Flex Intermediate Holdco LLC | ||
| 3.363%, due 6/30/31 (a) | 2,030,000 | 1,860,221 |
| ONEOK, Inc. | ||
| 6.25%, due 10/15/55 | 725,000 | 695,973 |
| Transcontinental Gas Pipe Line Co. LLC | ||
| 4.60%, due 3/15/48 | 1,035,000 | 837,205 |
| Western Midstream Operating LP | ||
| 5.25%, due 2/1/50 (g) | 620,000 | 515,801 |
| 7,844,589 | ||
| Real Estate 0.0% ‡ | ||
| Alpha Star Holding IX Ltd. | ||
| Series Reg S | ||
| 7.00%, due 8/26/28 | 400,000 | 390,774 |
| Real Estate Investment Trusts 0.3% | ||
| Alexandria Real Estate Equities, Inc. | ||
| 5.25%, due 3/15/36 | 540,000 | 517,961 |
| GLP Capital LP | ||
| 4.00%, due 1/15/30 | 1,540,000 | 1,469,847 |
| Trust 2401 (a) | ||
| 7.375%, due 2/13/34 | 623,000 | 656,642 |
| 7.70%, due 1/23/32 | 780,000 | 824,398 |
| Trust Fibra Uno | ||
| Series Reg S | ||
| 7.375%, due 2/13/34 | 252,000 | 264,335 |
| 3,733,183 | ||
| Retail 0.4% | ||
| Arcos Dorados BV | ||
| 6.375%, due 1/29/32 (a) | 1,070,000 | 1,105,563 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Retail | ||
| AutoNation, Inc. | ||
| 4.75%, due 6/1/30 | $ 594,000 | $ 585,066 |
| Bath & Body Works, Inc. | ||
| 6.625%, due 10/1/30 (a) | 1,155,000 | 1,173,672 |
| Macy's Retail Holdings LLC | ||
| 6.125%, due 3/15/32 (a) | 580,000 | 581,732 |
| PetSmart LLC | ||
| 7.50%, due 9/15/32 (a) | 565,000 | 570,880 |
| Sally Holdings LLC | ||
| 6.75%, due 4/1/32 (d) | 200,000 | 203,788 |
| Victra Holdings LLC | ||
| 8.75%, due 9/15/29 (a)(d) | 550,000 | 560,132 |
| 4,780,833 | ||
| Software 0.2% | ||
| Cloud Software Group LLC (a) | ||
| 6.50%, due 3/31/29 | 775,000 | 757,301 |
| 8.25%, due 6/30/32 | 585,000 | 553,403 |
| Fidelity National Information Services, Inc. | ||
| 4.55%, due 3/10/29 | 600,000 | 594,602 |
| Salesforce, Inc. | ||
| 5.55%, due 3/15/36 | 900,000 | 877,617 |
| 2,782,923 | ||
| Telecommunications 0.3% | ||
| AT&T, Inc. | ||
| 3.50%, due 9/15/53 | 1,344,000 | 811,875 |
| SV RNO Property Owner 1 LLC | ||
| 5.875%, due 3/1/31 (a) | 800,000 | 742,877 |
| Verizon Communications, Inc. | ||
| 6.20% (5 Year Treasury Constant Maturity Rate + 2.042%), due 5/14/56 (b) | 980,000 | 959,081 |
| WULF Compute LLC | ||
| 7.75%, due 10/15/30 (a) | 565,000 | 587,016 |
| 3,100,849 | ||
| Total Corporate Bonds (Cost $133,461,356) | 128,567,962 | |
| Foreign Government Bonds 0.9% | ||
| Argentina 0.1% | ||
| Argentina Government Bond | ||
| 4.125%, due 7/9/35 (g) | 1,535,000 | 1,213,417 |
| Bahamas 0.1% | ||
| Bahamas Government Bond | ||
| 8.25%, due 6/24/36 | 965,000 | 1,066,007 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Chile 0.0% ‡ | ||
| Empresa Nacional del Petroleo | ||
| 3.45%, due 9/16/31 (a) | $ 554,000 | $ 502,835 |
| Colombia 0.2% | ||
| Colombia Government Bond | ||
| 3.25%, due 4/22/32 | 1,780,000 | 1,525,460 |
| 7.75%, due 11/7/36 (d) | 965,000 | 1,030,379 |
| 2,555,839 | ||
| Dominican Republic 0.1% | ||
| Dominican Republic Government Bond | ||
| 4.875%, due 9/23/32 (a) | 1,195,000 | 1,114,935 |
| Egypt 0.1% | ||
| Egypt Government Bond | ||
| 7.625%, due 5/29/32 (a) | 1,010,000 | 1,012,785 |
| Paraguay 0.2% | ||
| Paraguay Government Bond (a) | ||
| 6.10%, due 8/11/44 | 1,325,000 | 1,297,175 |
| 8.50%, due 4/4/38 | PYG 5,750,000,000 | 918,423 |
| 2,215,598 | ||
| Uruguay 0.1% | ||
| Uruguay Government Bond | ||
| 9.75%, due 7/20/33 | UYU 29,490,000 | 809,133 |
| Total Foreign Government Bonds (Cost $10,010,660) | 10,490,549 | |
| Loan Assignments 1.3% | ||
| Automobile 0.2% | ||
| American Auto Auction Group LLC | ||
| First Lien Refinancing Term Loan | ||
| 8.232% (3 Month SOFR + 4.50%), due 5/28/32 (b) | $ 766,121 | 766,440 |
| LSF12 Helix Parent LLC | ||
| First Lien Term Loan B | ||
| 7.231% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 765,000 | 755,984 |
| Mavis Tire Express Services Topco Corp. | ||
| First Lien 2026-1 Incremental Term Loan | ||
| 6.92% (6 Month SOFR + 3.25%), due 5/6/33 (b) | 490,000 | 488,911 |
| 2,011,335 | ||
| Chemicals, Plastics & Rubber 0.1% | ||
| Magnera Corp. | ||
| First Lien Term Loan | ||
| 8.073% (3 Month SOFR + 4.25%), due 11/4/31 (b) | 470,000 | 466,475 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Chemicals, Plastics & Rubber | ||
| SCIH Salt Holdings, Inc. | ||
| First Lien Term Loan B | ||
| 6.583% (1 Year SOFR + 3.00%), due 7/30/31 (b) | $ 315,000 | $ 313,130 |
| 779,605 | ||
| Diversified/Conglomerate Service 0.0% ‡ | ||
| TruGreen LP | ||
| First Lien Term Loan B | ||
| 7.766% (3 Month SOFR + 4.00%), due 11/2/27 (b) | 725,557 | 682,023 |
| Finance 0.1% | ||
| Arches Buyer, Inc. | ||
| First Lien New Term Loan | ||
| 7.081% (1 Month SOFR + 3.25%), due 12/6/27 (b) | 782,578 | 780,133 |
| Park River Holdings, Inc. | ||
| First Lien 2025 Refinancing Term Loan | ||
| 8.225% (3 Month SOFR + 4.50%), due 3/17/31 (b) | 463,974 | 463,657 |
| QTS Thunder Managing Issuer LLC | ||
| First Lien Term Loan B | ||
| 6.025% (1 Year SOFR + 2.25%), due 7/22/33 (b) | 665,000 | 654,526 |
| 1,898,316 | ||
| Healthcare 0.1% | ||
| Chariot Buyer LLC | ||
| First Lien Amendment No. 5 Incremental Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 9/8/32 (b) | 761,156 | 761,536 |
| Healthcare & Pharmaceuticals 0.1% | ||
| Ensemble RCM LLC | ||
| First Lien Closing Date Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 2/9/33 (b) | 770,000 | 766,535 |
| High Tech Industries 0.1% | ||
| Gryphon Acquire NewCo LLC | ||
| First Lien Term Loan | ||
| 6.414% (3 Month SOFR + 2.75%), due 9/13/32 (b) | 758,100 | 759,284 |
| Machinery (Non-Agriculture, Non-Construct & Non-Electronic) 0.1% | ||
| Columbus McKinnon Corp. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 2/3/33 (b) | 772,806 | 774,738 |
| Media 0.2% | ||
| DIRECTV Financing LLC | ||
| First Lien 2026 Refinancing Facility Term Loan B | ||
| 8.323% (3 Month SOFR + 4.50%), due 8/2/29 (b) | 838,874 | 843,199 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Media | ||
| Virgin Media Bristol LLC | ||
| First Lien Facility Advance Term Loan Q | ||
| 7.041% (1 Month SOFR + 3.25%), due 1/31/29 (b) | $ 1,340,000 | $ 1,200,640 |
| 2,043,839 | ||
| Retail Store 0.1% | ||
| Harbor Freight Tools USA, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 6/11/31 (b) | 468,607 | 468,022 |
| White Cap Supply Holdings LLC | ||
| First Lien Tranche Term Loan D | ||
| 7.144% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 765,000 | 762,566 |
| 1,230,588 | ||
| Services: Business 0.1% | ||
| Beach Acquisition Bidco LLC | ||
| First Lien Tranche Term Loan B1 | ||
| 6.481% (1 Month SOFR + 2.75%), due 9/13/32 (b) | 363,177 | 364,615 |
| Raven Acquisition Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/19/31 (b) | 378,573 | 375,948 |
| Ryan LLC | ||
| First Lien 2025 Refinancing Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 11/5/32 (b) | 155,000 | 155,077 |
| Staples, Inc. | ||
| First Lien Closing Date Term Loan | ||
| 9.413% (3 Month SOFR + 5.75%), due 9/4/29 (b) | 830,000 | 771,174 |
| 1,666,814 | ||
| Services: Consumer 0.1% | ||
| Metropolis Technologies, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.916% (3 Month SOFR + 5.25%), due 11/3/32 (b) | 781,536 | 767,859 |
| Ping Identity Holding Corp. | ||
| First Lien Initial Term Loan | ||
| 6.426% (1 Month SOFR + 2.75%), due 11/15/32 (b) | 708,225 | 694,061 |
| 1,461,920 | ||
| Total Loan Assignments (Cost $15,011,067) | 14,836,533 | |
| Mortgage-Backed Securities 9.7% | ||
| Agency (Collateralized Mortgage Obligations) 3.0% | ||
| FHLMC | ||
| REMIC, Series 5326, Class QO | ||
| (zero coupon), due 9/25/50 | 1,350,745 | 914,414 |
| REMIC, Series 5021, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.55%), due 10/25/50 (b)(h) | 2,480,476 | 27,295 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FHLMC | ||
| REMIC, Series 5200, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.50%), due 2/25/52 (b)(h) | $ 335,386 | $ 2,778 |
| REMIC, Series 5351, Class DO | ||
| (zero coupon), due 9/25/53 | 523,203 | 423,911 |
| REMIC, Series 5357, Class OE | ||
| (zero coupon), due 11/25/53 | 336,329 | 276,538 |
| REMIC, Series 5363 | ||
| (zero coupon), due 12/25/53 | 393,498 | 323,113 |
| REMIC, Series 5315, Class OQ | ||
| (zero coupon), due 1/25/55 | 600,131 | 489,688 |
| REMIC, Series 4994, Class TS | ||
| 2.369% (-1 x SOFR 30A + 5.986%), due 7/25/50 (b)(h) | 1,610,117 | 169,625 |
| REMIC, Series 5070, Class PI | ||
| 3.00%, due 8/25/50 (h) | 1,302,582 | 228,844 |
| REMIC, Series 5011, Class MI | ||
| 3.00%, due 9/25/50 (h) | 1,367,506 | 213,594 |
| REMIC, Series 5023, Class LI | ||
| 3.00%, due 10/25/50 (h) | 973,096 | 149,010 |
| REMIC, Series 5094, Class IP | ||
| 3.00%, due 4/25/51 (h) | 1,105,090 | 175,064 |
| REMIC, Series 5160 | ||
| 3.00%, due 10/25/51 (h) | 1,153,004 | 123,005 |
| REMIC, Series 5040 | ||
| 3.50%, due 11/25/50 (h) | 863,901 | 152,843 |
| FHLMC MSCR Trust | ||
| REMIC, Series 2026-MN13, Class M2 | ||
| 6.566% (SOFR 30A + 2.95%), due 3/25/46 (a)(b) | 850,000 | 856,813 |
| FHLMC, Strips | ||
| Series 272 | ||
| (zero coupon), due 8/15/42 | 822,097 | 622,546 |
| Series 402 | ||
| (zero coupon), due 9/25/53 | 609,035 | 494,189 |
| Series 311, Class S1 | ||
| 2.21% (-1 x SOFR 30A + 5.836%), due 8/15/43 (b)(h) | 2,555,694 | 209,534 |
| Series 397, Class C61 | ||
| 5.50%, due 1/25/53 (h) | 1,137,609 | 239,900 |
| FNMA | ||
| REMIC, Series 2023-70, Class AO | ||
| (zero coupon), due 3/25/53 | 524,354 | 418,524 |
| REMIC, Series 2023-45 | ||
| (zero coupon), due 10/25/53 | 642,043 | 514,436 |
| REMIC, Series 2023-24, Class OQ | ||
| (zero coupon), due 7/25/54 | 838,169 | 699,800 |
| REMIC, Series 2020-57, Class LJ | ||
| 2.00%, due 8/25/50 | 1,700,000 | 1,252,096 |
| REMIC, Series 2022-10, Class SA | ||
| 2.134% (-1 x SOFR 30A + 5.75%), due 2/25/52 (b)(h) | 1,541,990 | 146,836 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FNMA | ||
| REMIC, Series 2025-103, Class SA | ||
| 2.214% (-1 x SOFR 30A + 5.83%), due 6/25/55 (b)(h) | $ 2,082,510 | $ 115,743 |
| REMIC, Series 2016-57, Class SN | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 6/25/46 (b)(h) | 1,334,493 | 115,691 |
| REMIC, Series 2021-3, Class TI | ||
| 2.50%, due 2/25/51 (h) | 1,075,830 | 177,640 |
| REMIC, Series 2021-12, Class JI | ||
| 2.50%, due 3/25/51 (h) | 1,087,832 | 168,246 |
| REMIC, Series 2021-34, Class MI | ||
| 2.50%, due 3/25/51 (h) | 2,963,462 | 383,040 |
| REMIC, Series 2021-54, Class HI | ||
| 2.50%, due 6/25/51 (h) | 440,040 | 49,452 |
| REMIC, Series 2021-53, Class GI | ||
| 3.00%, due 7/25/48 (h) | 4,342,922 | 703,264 |
| REMIC, Series 2021-85, Class BI | ||
| 3.00%, due 12/25/51 (h) | 3,009,676 | 519,726 |
| REMIC, Series 2021-8, Class ID | ||
| 3.50%, due 3/25/51 (h) | 1,928,161 | 414,636 |
| FNMA, Strips (h) | ||
| Series 426, Class C32 | ||
| 1.50%, due 2/25/52 | 3,452,843 | 322,075 |
| Series 440, Class C46 | ||
| 4.00%, due 10/25/53 | 1,613,110 | 353,539 |
| Series 438, Class C34 | ||
| 6.00%, due 8/25/53 | 1,432,618 | 335,045 |
| GNMA | ||
| REMIC, Series 2020-1, Class YS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.716%), due 1/20/50 (b)(h) | 2,672,598 | 17,545 |
| REMIC, Series 2021-16, Class AS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.636%), due 1/20/51 (b)(h) | 3,823,996 | 21,208 |
| REMIC, Series 2023-101, Class KO | ||
| (zero coupon), due 1/20/51 | 1,202,144 | 781,361 |
| REMIC, Series 2021-29, Class AS | ||
| (zero coupon) (-1 x SOFR 30A + 2.70%), due 2/20/51 (b)(h) | 3,580,983 | 21,671 |
| REMIC, Series 2021-97, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 2.60%), due 6/20/51 (b)(h) | 4,828,876 | 19,478 |
| REMIC, Series 2021-136, Class SB | ||
| (zero coupon) (-1 x SOFR 30A + 3.20%), due 8/20/51 (b)(h) | 13,079,802 | 109,732 |
| REMIC, Series 2021-205, Class DS | ||
| (zero coupon) (-1 x SOFR 30A + 3.20%), due 11/20/51 (b)(h) | 5,372,903 | 55,002 |
| REMIC, Series 2021-226, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 1.70%), due 12/20/51 (b)(h) | 2,902,310 | 4,160 |
| REMIC, Series 2022-87, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 5/20/52 (b)(h) | 3,749,165 | 27,649 |
| REMIC, Series 2022-107, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.47%), due 6/20/52 (b)(h) | 9,453,706 | 63,257 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2022-101, Class SB | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 6/20/52 (b)(h) | $ 1,878,739 | $ 10,361 |
| REMIC, Series 2023-66, Class OQ | ||
| (zero coupon), due 7/20/52 | 1,197,903 | 952,315 |
| REMIC, Series 2023-53 | ||
| (zero coupon), due 4/20/53 | 340,527 | 270,522 |
| REMIC, Series 2021-158, Class SB | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 9/20/51 (b)(h) | 3,060,631 | 46,604 |
| REMIC, Series 2022-78, Class S | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 4/20/52 (b)(h) | 2,036,265 | 19,581 |
| REMIC, Series 2020-166, Class IC | ||
| 2.00%, due 11/20/50 (h) | 638,112 | 75,102 |
| REMIC, Series 2020-188 | ||
| 2.00%, due 12/20/50 (h) | 2,833,030 | 311,834 |
| REMIC, Series 2022-10, Class IC | ||
| 2.00%, due 11/20/51 (h) | 1,873,728 | 220,690 |
| REMIC, Series 2025-2, Class WZ | ||
| 2.00%, due 8/20/52 | 1,664,142 | 1,025,059 |
| REMIC, Series 2020-34, Class SC | ||
| 2.266% (-1 x 1 Month SOFR + 5.936%), due 3/20/50 (b)(h) | 1,797,799 | 176,535 |
| REMIC, Series 2025-131, Class S | ||
| 2.429% (-1 x SOFR 30A + 6.05%), due 8/20/55 (b)(h) | 1,640,418 | 120,870 |
| REMIC, Series 2020-188, Class DI | ||
| 2.50%, due 12/20/50 (h) | 3,782,314 | 569,722 |
| REMIC, Series 2021-1, Class PI | ||
| 2.50%, due 12/20/50 (h) | 682,870 | 99,276 |
| REMIC, Series 2021-83, Class FM | ||
| 2.50% (SOFR 30A + 0.51%), due 5/20/51 (b) | 1,529,266 | 1,269,772 |
| REMIC, Series 2021-188 | ||
| 2.50%, due 10/20/51 (h) | 3,372,458 | 535,029 |
| REMIC, Series 2020-146, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 10/20/50 (b)(h) | 1,777,032 | 196,869 |
| REMIC, Series 2021-179, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(h) | 2,416,979 | 281,386 |
| REMIC, Series 2020-167, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(h) | 1,147,400 | 129,637 |
| REMIC, Series 2020-189, Class NS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 12/20/50 (b)(h) | 2,857,789 | 334,788 |
| REMIC, Series 2020-189, Class SU | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 12/20/50 (b)(h) | 587,630 | 69,224 |
| REMIC, Series 2021-46, Class QS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 626,622 | 67,532 |
| REMIC, Series 2021-57, Class SD | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 5,972,768 | 679,790 |
| REMIC, Series 2021-46, Class TS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 1,366,375 | 148,170 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2021-96, Class NS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | $ 3,569,044 | $ 382,291 |
| REMIC, Series 2021-97, Class SM | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | 907,740 | 102,196 |
| REMIC, Series 2021-96, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | 2,126,633 | 203,395 |
| REMIC, Series 2021-122, Class HS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 7/20/51 (b)(h) | 2,067,881 | 237,255 |
| REMIC, Series 2021-96, Class JS | ||
| 2.566% (-1 x 1 Month SOFR + 6.236%), due 6/20/51 (b)(h) | 1,688,451 | 200,998 |
| REMIC, Series 2021-1, Class IT | ||
| 3.00%, due 1/20/51 (h) | 1,700,751 | 287,027 |
| REMIC, Series 2021-44, Class IQ | ||
| 3.00%, due 3/20/51 (h) | 2,845,696 | 466,816 |
| REMIC, Series 2021-74, Class HI | ||
| 3.00%, due 4/20/51 (h) | 298,827 | 43,134 |
| REMIC, Series 2021-67, Class PI | ||
| 3.00%, due 4/20/51 (h) | 1,227,587 | 202,049 |
| REMIC, Series 2021-98, Class IN | ||
| 3.00%, due 6/20/51 (h) | 1,226,714 | 215,946 |
| REMIC, Series 2024-48, Class JI | ||
| 3.00%, due 7/20/51 (h) | 1,812,567 | 312,256 |
| REMIC, Series 2022-207 | ||
| 3.00%, due 8/20/51 (h) | 1,882,597 | 320,516 |
| REMIC, Series 2021-139, Class IA | ||
| 3.00%, due 8/20/51 (h) | 4,015,202 | 706,077 |
| REMIC, Series 2021-177, Class IM | ||
| 3.00%, due 10/20/51 (h) | 2,754,173 | 458,775 |
| REMIC, Series 2023-86, Class SE | ||
| 3.029% (-1 x SOFR 30A + 6.65%), due 9/20/50 (b)(h) | 1,416,028 | 187,560 |
| REMIC, Series 2023-1, Class HD | ||
| 3.50%, due 1/20/52 | 636,633 | 561,740 |
| REMIC, Series 2016-93, Class AI | ||
| 4.50%, due 7/20/44 (h) | 1,469,839 | 323,418 |
| REMIC, Series 2024-164, Class PB | ||
| 4.50%, due 1/20/54 | 280,997 | 276,190 |
| REMIC, Series 2023-38, Class WT | ||
| 6.403%, due 12/20/51 (c) | 519,161 | 528,855 |
| REMIC, Series 2023-59, Class YC | ||
| 7.094%, due 9/20/51 (c) | 1,142,683 | 1,223,106 |
| REMIC, Series 2023-55, Class LB | ||
| 7.754%, due 11/20/51 (c) | 758,873 | 837,235 |
| REMIC, Series 2023-55, Class CG | ||
| 7.864%, due 7/20/51 (c) | 778,346 | 860,745 |
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-01, Class M2 | ||
| 6.716% (SOFR 30A + 3.10%), due 5/25/55 | 930,000 | 943,960 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2019-01, Class B10 | ||
| 9.231% (SOFR 30A + 5.614%), due 10/25/49 | $ 1,040,000 | $ 1,053,938 |
| Series 2020-01, Class CE | ||
| 11.231% (SOFR 30A + 7.614%), due 3/25/50 | 1,400,000 | 1,444,975 |
| Seasoned Credit Risk Transfer Trust | ||
| Series 2025-1, Class MTU | ||
| 3.25%, due 11/25/64 | 2,097,808 | 1,772,718 |
| 35,667,395 | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) 3.2% | ||
| BAMLL Commercial Mortgage Securities Trust (a) | ||
| Series 2016-ISQ, Class A | ||
| 2.848%, due 8/14/34 | 1,085,000 | 768,766 |
| Series 2014-520M, Class A | ||
| 4.185%, due 8/15/46 (i) | 800,000 | 718,520 |
| BBSG Mortgage Trust | ||
| Series 2016-MRP, Class A | ||
| 3.275%, due 6/5/36 (a) | 605,000 | 555,100 |
| Benchmark Mortgage Trust (i) | ||
| Series 2018-B6, Class D | ||
| 3.084%, due 10/10/51 (a) | 815,000 | 613,994 |
| Series 2019-B14, Class C | ||
| 3.771%, due 12/15/62 | 1,260,000 | 901,552 |
| BF Mortgage Trust | ||
| Series 2019-NYT, Class F | ||
| 6.974% (1 Month SOFR + 3.297%), due 12/15/35 (a)(b) | 1,280,000 | 979,712 |
| BFLD Commercial Mortgage Trust | ||
| Series 2025-5MW, Class C | ||
| 5.451%, due 10/10/42 (a)(i) | 1,050,000 | 1,038,025 |
| BLP Commercial Mortgage Trust | ||
| Series 2023-IND, Class F | ||
| 7.863% (1 Month SOFR + 4.187%), due 3/15/40 (a)(b) | 898,961 | 903,456 |
| BMO Mortgage Trust | ||
| Series 2022-C1, Class 111A | ||
| 3.269%, due 2/17/55 (a)(i) | 1,400,000 | 1,349,813 |
| BSST Mortgage Trust | ||
| Series 2022-1700, Class A | ||
| 4.977% (1 Month SOFR + 1.30%), due 2/15/37 (a)(b) | 1,025,000 | 964,753 |
| BWAY Mortgage Trust | ||
| Series 2013-1515, Class C | ||
| 3.446%, due 3/10/33 (a) | 955,000 | 881,270 |
| BX Commercial Mortgage Trust (a) | ||
| Series 2019-IMC, Class F | ||
| 6.622% (1 Month SOFR + 2.946%), due 4/15/34 (b) | 820,000 | 802,004 |
| Series 2024-VLT5, Class E | ||
| 7.872%, due 11/13/46 (i) | 945,000 | 933,624 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| BX Commercial Mortgage Trust (a) | ||
| Series 2024-BRBK, Class D | ||
| 9.676% (1 Month SOFR + 5.971%), due 10/15/41 (b) | $ 780,000 | $ 776,115 |
| BX Trust (a)(b) | ||
| Series 2025-VOLT, Class D | ||
| 6.426% (1 Month SOFR + 2.75%), due 12/15/44 | 920,000 | 917,699 |
| Series 2025-VLT7, Class E | ||
| 7.426% (1 Month SOFR + 3.75%), due 7/15/44 | 525,000 | 525,970 |
| Citigroup Commercial Mortgage Trust (i) | ||
| Series 2018-B2, Class D | ||
| 3.143%, due 3/10/51 (a) | 1,730,000 | 1,255,105 |
| Series 2026-MFAM1, Class B | ||
| 6.087%, due 7/15/59 | 950,000 | 963,304 |
| Commercial Mortgage Trust (a) | ||
| Series 2020-CX, Class D | ||
| 2.683%, due 11/10/46 (i) | 1,270,000 | 981,589 |
| Series 2018-HCLV, Class A | ||
| 4.972% (1 Month SOFR + 1.296%), due 9/15/33 (b) | 850,000 | 804,386 |
| DBUBS Mortgage Trust | ||
| Series 2011-LC3A, Class PM2 | ||
| 5.098%, due 5/10/44 (a)(i) | 750,000 | 11,250 |
| Extended Stay America Trust | ||
| Series 2026-ESH2, Class D | ||
| 5.926% (1 Month SOFR + 2.25%), due 2/15/43 (a)(b) | 501,252 | 504,072 |
| FHLMC MSCR Trust (a)(b) | ||
| Series 2021-MN3, Class M1 | ||
| 5.916% (SOFR 30A + 2.30%), due 11/25/51 | 151,869 | 151,887 |
| Series 2024-MN9, Class M2 | ||
| 6.867% (SOFR 30A + 3.25%), due 10/25/44 | 1,175,000 | 1,188,454 |
| REMIC, Series 2024-MN8, Class M2 | ||
| 7.866% (SOFR 30A + 4.25%), due 5/25/44 | 700,000 | 730,640 |
| First Citizens Loan Trust | ||
| Series 2026-SBA1A, Class M2 | ||
| 6.33%, due 5/27/53 (a) | 1,028,394 | 1,017,979 |
| GNMA (h) | ||
| REMIC, Series 2025-112 | ||
| 0.57%, due 3/16/66 (i) | 5,442,049 | 265,722 |
| REMIC, Series 2023-194, Class CI | ||
| 0.844%, due 10/16/65 (i) | 4,059,993 | 241,993 |
| REMIC, Series 2023-159, Class CI | ||
| 0.956%, due 7/16/65 (c) | 5,606,248 | 375,357 |
| REMIC, Series 2020-168, Class IA | ||
| 0.975%, due 12/16/62 (i) | 2,766,602 | 193,921 |
| REMIC, Series 2021-47 | ||
| 0.992%, due 3/16/61 (i) | 6,577,627 | 427,648 |
| REMIC, Series 2022-185, Class DI | ||
| 1.022%, due 10/16/65 (i) | 2,417,115 | 158,588 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| GNMA (h) | ||
| REMIC, Series 2023-172 | ||
| 1.332%, due 2/16/66 (i) | $ 3,833,840 | $ 337,183 |
| GS Mortgage Securities Trust | ||
| Series 2015-GC30, Class D | ||
| 3.384%, due 5/10/50 | 2,150,000 | 1,310,855 |
| Series 2015-GC30, Class B | ||
| 3.961%, due 5/10/50 (i) | 353,157 | 343,446 |
| Series 2024-FAIR, Class D | ||
| 7.949%, due 7/15/29 (a)(i) | 835,000 | 820,050 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | ||
| Series 2021-1440, Class A | ||
| 5.091% (1 Month SOFR + 1.414%), due 3/15/36 (a)(b) | 585,000 | 549,944 |
| JPMDB Commercial Mortgage Securities Trust | ||
| Series 2017-C7, Class D | ||
| 3.00%, due 10/15/50 (a) | 1,055,000 | 857,121 |
| Life Mortgage Trust | ||
| Series 2022-BMR2, Class A1 | ||
| 4.972% (1 Month SOFR + 1.295%), due 5/15/39 (a)(b) | 900,000 | 843,750 |
| LONG Trust | ||
| Series 2026-ISL, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 6/15/43 (a)(b) | 1,150,000 | 1,148,001 |
| Morgan Stanley Bank of America Merrill Lynch Trust | ||
| Series 2015-C22, Class D | ||
| 3.962%, due 4/15/48 (a)(i) | 1,450,000 | 572,735 |
| Morgan Stanley Capital I Trust (a) | ||
| Series 2021-230P, Class A | ||
| 4.96% (1 Month SOFR + 1.284%), due 12/15/38 (b) | 580,000 | 562,836 |
| Series 2015-420, Class A | ||
| 7.982%, due 10/12/50 (g) | 623,493 | 631,886 |
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2024-01, Class M10 | ||
| 7.466% (SOFR 30A + 3.85%), due 7/25/54 | 670,000 | 695,716 |
| Series 2023-01, Class M10 | ||
| 10.116% (SOFR 30A + 6.50%), due 11/25/53 | 735,000 | 838,497 |
| PNW Trust | ||
| Series 2026-ARTE, Class A | ||
| 5.388% (1 Month SOFR + 1.711%), due 4/15/41 (a)(b) | 1,005,000 | 1,002,487 |
| PTCM Re-REMIC Trust (a)(i) | ||
| Series 2026-FRR1, Class C157 | ||
| 2.016%, due 7/25/60 | 750,000 | 509,441 |
| Series 2026-FRR1, Class C169 | ||
| 2.999%, due 3/25/62 | 815,000 | 558,786 |
| ROCK Trust | ||
| Series 2024-CNTR, Class C | ||
| 6.471%, due 11/13/41 (a) | 765,000 | 779,154 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| UBS Commercial Mortgage Trust | ||
| Series 2018-C9, Class C | ||
| 4.942%, due 3/15/51 (i) | $ 1,390,000 | $ 820,358 |
| WB Commercial Mortgage Trust | ||
| Series 2024-HQ, Class A | ||
| 5.937%, due 3/15/40 (a)(i) | 615,000 | 615,929 |
| Wells Fargo Commercial Mortgage Trust | ||
| Series 2016-NXS5, Class D | ||
| 4.796%, due 1/15/59 (i) | 1,330,000 | 598,500 |
| WP Glimcher Mall Trust | ||
| Series 2015-WPG, Class C | ||
| 3.516%, due 6/5/35 (a)(i) | 1,140,000 | 865,876 |
| 38,164,819 | ||
| Whole Loan (Collateralized Mortgage Obligations) 3.5% | ||
| BRAVO Residential Funding Trust | ||
| Series 2024-NQM8, Class A1A | ||
| 4.30%, due 8/1/53 (a)(g) | 444,871 | 435,676 |
| CIM Trust | ||
| Series 2021-J2, Class AS | ||
| 0.21%, due 4/25/51 (a)(c)(h) | 35,886,986 | 442,666 |
| Citigroup Mortgage Loan Trust (a)(c) | ||
| Series 2014-C, Class B3 | ||
| 4.25%, due 2/25/54 | 1,140,000 | 947,265 |
| Series 2025-LTV1, Class A1 | ||
| 5.237%, due 12/25/55 | 1,048,985 | 1,041,667 |
| Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-R02, Class 1B1 | ||
| 5.566% (SOFR 30A + 1.95%), due 2/25/45 | 370,000 | 373,205 |
| Series 2021-R03, Class 1B1 | ||
| 6.366% (SOFR 30A + 2.75%), due 12/25/41 | 450,000 | 452,988 |
| Series 2023-R07, Class 2M2 | ||
| 6.866% (SOFR 30A + 3.25%), due 9/25/43 | 1,730,000 | 1,779,102 |
| Series 2023-R03, Class 2M2 | ||
| 7.516% (SOFR 30A + 3.90%), due 4/25/43 | 1,610,000 | 1,678,275 |
| Series 2021-R03, Class 1B2 | ||
| 9.116% (SOFR 30A + 5.50%), due 12/25/41 | 475,000 | 482,743 |
| Series 2022-R02, Class 2B2 | ||
| 11.266% (SOFR 30A + 7.65%), due 1/25/42 | 1,055,000 | 1,085,901 |
| Series 2019-HRP1, Class B1 | ||
| 12.981% (SOFR 30A + 9.364%), due 11/25/39 | 1,647,649 | 1,687,718 |
| FHLMC STACR REMIC Trust (a)(b) | ||
| Series 2021-HQA1, Class B2 | ||
| 8.616% (SOFR 30A + 5.00%), due 8/25/33 | 775,000 | 923,027 |
| Series 2020-HQA1, Class B2 | ||
| 8.831% (SOFR 30A + 5.214%), due 1/25/50 | 1,320,000 | 1,456,145 |
| Series 2022-HQA1, Class B1 | ||
| 10.616% (SOFR 30A + 7.00%), due 3/25/42 | 1,355,000 | 1,403,279 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| FHLMC STACR REMIC Trust (a)(b) | ||
| Series 2022-DNA1, Class B2 | ||
| 10.716% (SOFR 30A + 7.10%), due 1/25/42 | $ 1,360,000 | $ 1,396,669 |
| FHLMC STACR Securitized Participation Interests Trust | ||
| REMIC, Series 2018-SPI3, Class B | ||
| 4.161%, due 8/25/48 (a)(c) | 1,512,116 | 1,223,515 |
| FHLMC STACR Trust (a)(b) | ||
| REMIC, Series 2019-FTR3, Class B2 | ||
| 8.531% (SOFR 30A + 4.914%), due 9/25/47 | 1,345,000 | 1,478,879 |
| REMIC, Series 2019-FTR1, Class B2 | ||
| 12.081% (SOFR 30A + 8.464%), due 1/25/48 | 1,190,000 | 1,401,594 |
| REMIC, Series 2019-HQA2, Class B2 | ||
| 14.981% (SOFR 30A + 11.364%), due 4/25/49 | 1,650,000 | 1,939,789 |
| Flagstar Mortgage Trust | ||
| Series 2021-6INV, Class A18 | ||
| 2.50%, due 8/25/51 (a)(c) | 79,521 | 63,507 |
| GS Mortgage-Backed Securities Trust (a) | ||
| Series 2021-PJ6, Class A2 | ||
| 2.50%, due 11/25/51 (c) | 1,760,066 | 1,415,871 |
| Series 2022-HP1, Class B4 | ||
| 3.308%, due 9/25/52 (i) | 705,425 | 574,679 |
| J.P. Morgan Mortgage Trust | ||
| Series 2021-4, Class B1 | ||
| 2.886%, due 8/25/51 (a)(i) | 2,270,999 | 1,873,529 |
| loanDepot GMSR Master Trust | ||
| Series 2025-GT2, Class A | ||
| 6.82% (1 Month SOFR + 3.15%), due 7/16/30 (a)(b) | 1,250,000 | 1,252,182 |
| Mill City Mortgage Loan Trust (a)(c) | ||
| Series 2018-4, Class B4 | ||
| 3.099%, due 4/25/66 | 1,063,757 | 635,228 |
| Series 2018-3, Class B2 | ||
| 3.25%, due 8/25/58 | 1,806,149 | 1,357,186 |
| Series 2018-3, Class B4 | ||
| 3.653%, due 8/25/58 | 668,575 | 431,126 |
| OBX Trust (a) | ||
| Series 2025-R1, Class A1 | ||
| 4.94%, due 9/25/62 (g) | 601,099 | 592,849 |
| Series 2026-NQM8, Class A1 | ||
| 5.297%, due 5/25/66 (c) | 1,112,535 | 1,107,585 |
| Series 2024-NQM11, Class B1A | ||
| 7.252%, due 6/25/64 (c) | 1,457,000 | 1,472,864 |
| RCKT Mortgage Trust | ||
| Series 2021-5, Class A1 | ||
| 2.50%, due 11/25/51 (a)(c) | 2,022,157 | 1,630,550 |
| Santander Mortgage Asset Receivable Trust | ||
| Series 2026-NQMS1, Class A2 | ||
| 5.796%, due 10/25/65 (a)(g) | 1,133,192 | 1,129,147 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| SG Residential Mortgage Trust | ||
| Series 2026-4, Class A1 | ||
| 5.507%, due 7/1/66 (a)(c) | $ 1,142,577 | $ 1,139,228 |
| STACR Trust (a)(b) | ||
| Series 2018-HRP2, Class B2 | ||
| 14.231% (SOFR 30A + 10.614%), due 2/25/47 | 560,000 | 665,874 |
| Series 2018-HRP1, Class B2 | ||
| 15.481% (SOFR 30A + 11.864%), due 5/25/43 | 2,134,900 | 2,466,977 |
| Towd Point Mortgage Trust (a)(c) | ||
| Series 2018-2, Class B5 | ||
| 3.613%, due 3/25/58 | 1,203,829 | 566,048 |
| Series 2017-4, Class B5 | ||
| 3.636%, due 6/25/57 | 857,704 | 595,674 |
| 40,600,207 | ||
| Total Mortgage-Backed Securities (Cost $116,596,858) | 114,432,421 | |
| U.S. Government & Federal Agencies 9.9% | ||
| Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Securities) 1.2% | ||
| UMBS Pool, 30 Year | ||
| 2.00%, due 3/1/52 | 3,336,585 | 2,615,746 |
| 2.00%, due 5/1/52 | 1,983,227 | 1,551,401 |
| 3.00%, due 7/1/52 | 1,717,291 | 1,467,964 |
| 3.50%, due 9/1/47 | 933,889 | 843,834 |
| 3.50%, due 11/1/47 | 1,790,653 | 1,616,752 |
| 4.00%, due 3/1/53 | 1,279,958 | 1,173,683 |
| 4.50%, due 10/1/52 | 1,885,602 | 1,784,214 |
| 5.00%, due 12/1/55 | 774,843 | 751,975 |
| 5.50%, due 7/1/53 | 806,196 | 801,996 |
| 5.50%, due 11/1/54 | 655,504 | 652,998 |
| 6.00%, due 8/1/55 | 1,352,818 | 1,368,906 |
| 14,629,469 | ||
| Federal National Mortgage Association (Mortgage Pass-Through Securities) 2.6% | ||
| UMBS, 30 Year | ||
| 2.00%, due 10/1/50 | 3,904,392 | 3,071,444 |
| 2.00%, due 1/1/52 | 1,062,040 | 834,116 |
| 2.00%, due 3/1/52 | 7,034,291 | 5,516,005 |
| 2.50%, due 6/1/51 | 308,544 | 257,891 |
| 2.50%, due 11/1/51 | 1,388,234 | 1,143,405 |
| 2.50%, due 4/1/52 | 628,538 | 516,448 |
| 2.50%, due 6/1/52 | 2,697,244 | 2,216,271 |
| 4.00%, due 8/1/48 | 335,067 | 311,073 |
| 4.00%, due 2/1/49 | 194,745 | 180,853 |
| 4.00%, due 6/1/52 | 701,299 | 643,055 |
| 4.00%, due 5/1/53 | 823,219 | 753,063 |
| 4.50%, due 1/1/54 | 820,428 | 773,133 |
| Principal Amount | Value | |
| U.S. Government & Federal Agencies | ||
| Federal National Mortgage Association (Mortgage Pass-Through Securities) | ||
| UMBS, 30 Year | ||
| 5.00%, due 11/1/52 | $ 2,254,347 | $ 2,193,173 |
| 5.00%, due 3/1/53 | 1,171,165 | 1,138,145 |
| 5.00%, due 7/1/56 | 1,380,000 | 1,334,849 |
| 5.50%, due 2/1/53 | 302,285 | 301,413 |
| 5.50%, due 8/1/53 | 368,121 | 368,127 |
| 5.50%, due 5/1/54 | 1,796,343 | 1,781,772 |
| 5.50%, due 10/1/54 | 3,849,055 | 3,812,384 |
| 6.00%, due 9/1/53 | 2,733 | 2,772 |
| 6.00%, due 9/1/54 | 1,336,578 | 1,355,656 |
| 6.00%, due 10/1/55 | 1,745,896 | 1,766,658 |
| 30,271,706 | ||
| Government National Mortgage Association (Mortgage Pass-Through Securities) 0.3% | ||
| GNMA I, Single Family, 30 Year | ||
| 6.50%, due 4/15/29 | 2 | 2 |
| GNMA II, Single Family, 30 Year | ||
| 3.00%, due 10/20/51 | 2,201,088 | 1,912,172 |
| 3.00%, due 11/20/51 | 2,026,126 | 1,760,174 |
| 3,672,348 | ||
| United States Treasury Bonds 2.6% | ||
| U.S. Treasury Bonds | ||
| 5.00%, due 5/15/46 | 19,415,000 | 18,780,979 |
| 5.00%, due 5/15/56 | 12,375,000 | 11,903,203 |
| 30,684,182 | ||
| United States Treasury Notes 3.2% | ||
| U.S. Treasury Notes | ||
| 4.25%, due 7/31/28 | 1,000,000 | 999,648 |
| 4.375%, due 7/31/31 | 5,460,000 | 5,447,630 |
| 4.375%, due 7/31/33 | 31,185,000 | 30,829,296 |
| 4.375%, due 5/15/36 | 520,000 | 506,350 |
| 37,782,924 | ||
| Total U.S. Government & Federal Agencies (Cost $119,218,266) | 117,040,629 | |
| Total Long-Term Bonds (Cost $442,012,423) | 432,138,371 | |
| Shares | ||
| Common Stocks 60.6% | ||
| Aerospace & Defense 0.9% | ||
| BAE Systems plc (United Kingdom) | 235,443 | 6,656,413 |
| General Dynamics Corp. | 10,658 | 4,086,490 |
| 10,742,903 | ||
| Shares | Value | |
| Common Stocks | ||
| Air Freight & Logistics 0.9% | ||
| Deutsche Post AG (Germany) | 106,918 | $ 7,118,013 |
| United Parcel Service, Inc., Class B | 34,602 | 3,606,220 |
| 10,724,233 | ||
| Automobile Components 0.4% | ||
| Cie Generale des Etablissements Michelin SCA (France) | 105,471 | 4,259,610 |
| Automobiles 0.3% | ||
| Toyota Motor Corp. (Japan) | 193,300 | 3,672,532 |
| Banks 4.3% | ||
| Bank of America Corp. | 124,525 | 7,714,324 |
| Bank of Nova Scotia (The) (Canada) | 48,060 | 4,215,814 |
| Columbia Banking System, Inc. | 161,589 | 5,052,888 |
| DBS Group Holdings Ltd. (Singapore) | 86,500 | 4,987,165 |
| JPMorgan Chase & Co. | 25,332 | 8,911,544 |
| Lloyds Banking Group plc (United Kingdom) | 2,818,184 | 4,366,638 |
| Regions Financial Corp. | 127,557 | 3,947,889 |
| Truist Financial Corp. | 86,460 | 4,482,086 |
| U.S. Bancorp | 103,167 | 6,500,553 |
| 50,178,901 | ||
| Beverages 1.4% | ||
| Coca-Cola Co. (The) | 92,413 | 8,094,455 |
| Coca-Cola Europacific Partners plc (United Kingdom) | 42,610 | 4,664,090 |
| PepsiCo, Inc. | 24,110 | 3,364,792 |
| 16,123,337 | ||
| Biotechnology 0.8% | ||
| AbbVie, Inc. | 38,033 | 9,544,001 |
| Capital Markets 1.0% | ||
| BlackRock, Inc. | 3,630 | 3,958,116 |
| Lazard, Inc. | 96,100 | 4,072,718 |
| Partners Group Holding AG (Switzerland) | 4,221 | 3,510,191 |
| 11,541,025 | ||
| Chemicals 1.5% | ||
| Croda International plc (United Kingdom) | 100,539 | 4,352,688 |
| Linde plc | 7,602 | 3,636,645 |
| Nutrien Ltd. (Canada) | 63,059 | 4,355,485 |
| Scotts Miracle-Gro Co. (The) | 90,116 | 5,918,819 |
| 18,263,637 | ||
| Commercial Services & Supplies 0.0% ‡ | ||
| Quad/Graphics, Inc. | 10 | 104 |
| Shares | Value | |
| Common Stocks | ||
| Communications Equipment 1.4% | ||
| Cisco Systems, Inc. | 138,778 | $ 16,096,860 |
| Construction & Engineering 0.3% | ||
| Vinci SA (France) | 29,344 | 4,154,560 |
| Consumer Staples Distribution & Retail 0.3% | ||
| Koninklijke Ahold Delhaize NV (Netherlands) | 95,805 | 3,781,227 |
| Containers & Packaging 0.5% | ||
| Sonoco Products Co. | 96,415 | 5,433,949 |
| Diversified Telecommunication Services 2.3% | ||
| AT&T, Inc. | 280,987 | 6,532,948 |
| Deutsche Telekom AG (Registered) (Germany) | 121,298 | 3,744,865 |
| Orange SA (France) | 393,596 | 7,521,953 |
| Telenor ASA (Norway) | 257,591 | 3,627,040 |
| Verizon Communications, Inc. | 124,118 | 5,809,964 |
| 27,236,770 | ||
| Electric Utilities 2.7% | ||
| American Electric Power Co., Inc. | 67,924 | 8,684,083 |
| Duke Energy Corp. | 28,020 | 3,514,549 |
| Entergy Corp. | 55,818 | 6,007,133 |
| NextEra Energy, Inc. | 60,288 | 5,240,233 |
| Pinnacle West Capital Corp. | 47,189 | 4,765,617 |
| Terna - Rete Elettrica Nazionale (Italy) | 333,829 | 3,841,181 |
| 32,052,796 | ||
| Electrical Equipment 0.3% | ||
| Eaton Corp. plc | 9,432 | 3,916,166 |
| Food Products 1.3% | ||
| Hormel Foods Corp. | 154,944 | 3,875,150 |
| McCormick & Co., Inc. (Non-Voting) | 76,756 | 3,906,880 |
| Mondelez International, Inc., Class A | 64,183 | 3,999,243 |
| Nestle SA (Registered) (Switzerland) | 35,585 | 3,554,056 |
| 15,335,329 | ||
| Gas Utilities 0.5% | ||
| Snam SpA (Italy) | 913,140 | 6,192,959 |
| Health Care Equipment & Supplies 0.3% | ||
| Medtronic plc | 48,154 | 4,111,870 |
| Health Care Providers & Services 1.3% | ||
| CVS Health Corp. | 145,747 | 15,220,359 |
| Shares | Value | |
| Common Stocks | ||
| Hotels, Restaurants & Leisure 1.4% | ||
| McDonald's Corp. | 24,843 | $ 6,723,510 |
| Restaurant Brands International, Inc. (Canada) | 77,798 | 5,758,608 |
| Vail Resorts, Inc. (d) | 26,245 | 3,920,478 |
| 16,402,596 | ||
| Household Products 0.8% | ||
| Kimberly-Clark Corp. | 39,756 | 4,345,728 |
| Reckitt Benckiser Group plc (United Kingdom) | 64,839 | 4,576,809 |
| 8,922,537 | ||
| Industrial Conglomerates 0.9% | ||
| Honeywell International, Inc. | 15,656 | 3,805,191 |
| Siemens AG (Registered) (Germany) | 19,615 | 6,394,249 |
| 10,199,440 | ||
| Insurance 4.4% | ||
| AIA Group Ltd. (Hong Kong) | 450,200 | 4,559,108 |
| Allianz SE (Registered) (Germany) | 14,045 | 7,010,188 |
| AXA SA (France) | 157,568 | 8,174,200 |
| Legal & General Group plc (United Kingdom) | 916,950 | 3,710,103 |
| Manulife Financial Corp. (Canada) | 228,135 | 10,132,101 |
| MetLife, Inc. | 99,395 | 9,554,841 |
| Muenchener Rueckversicherungs-Gesellschaft AG (Registered) (Germany) | 7,122 | 4,291,186 |
| NN Group NV (Netherlands) | 44,563 | 4,191,636 |
| 51,623,363 | ||
| Interactive Media & Services 1.0% | ||
| Alphabet, Inc., Class C | 16,015 | 5,711,750 |
| Meta Platforms, Inc., Class A | 10,054 | 5,597,162 |
| 11,308,912 | ||
| IT Services 1.2% | ||
| Accenture plc, Class A | 33,494 | 5,557,324 |
| International Business Machines Corp. | 39,992 | 8,944,211 |
| 14,501,535 | ||
| Leisure Products 0.8% | ||
| Hasbro, Inc. | 95,748 | 8,994,567 |
| Machinery 0.3% | ||
| Toro Co. (The) | 41,715 | 3,832,357 |
| Media 0.8% | ||
| Nexstar Media Group, Inc. | 26,009 | 4,955,495 |
| Omnicom Group, Inc. | 52,690 | 4,146,703 |
| 9,102,198 | ||
| Multi-Utilities 0.8% | ||
| National Grid plc (United Kingdom) | 216,615 | 3,466,022 |
| Shares | Value | |
| Common Stocks | ||
| Multi-Utilities | ||
| NiSource, Inc. | 125,736 | $ 5,586,450 |
| 9,052,472 | ||
| Oil, Gas & Consumable Fuels 2.8% | ||
| Chevron Corp. | 34,624 | 6,815,042 |
| DCC Energy plc (United Kingdom) | 47,017 | 4,033,267 |
| Equinor ASA (Norway) | 113,368 | 4,659,762 |
| MPLX LP | 115,912 | 6,775,056 |
| ONEOK, Inc. | 54,781 | 4,974,662 |
| TotalEnergies SE (France) | 58,532 | 5,198,879 |
| 32,456,668 | ||
| Personal Care Products 0.3% | ||
| Unilever plc (United Kingdom) | 62,839 | 3,991,066 |
| Pharmaceuticals 4.1% | ||
| Astellas Pharma, Inc. (Japan) | 293,000 | 4,029,532 |
| Bristol-Myers Squibb Co. | 81,728 | 5,337,656 |
| Eli Lilly & Co. | 3,648 | 4,190,968 |
| GSK plc (United Kingdom) | 254,259 | 6,583,466 |
| Johnson & Johnson | 24,195 | 6,202,388 |
| Merck & Co., Inc. | 50,580 | 6,585,516 |
| Novartis AG (Registered) | 36,878 | 5,756,951 |
| Pfizer, Inc. | 164,213 | 4,106,967 |
| Sanofi SA (France) | 64,503 | 5,549,138 |
| 48,342,582 | ||
| Professional Services 0.3% | ||
| Intertek Group plc (United Kingdom) | 50,479 | 3,979,095 |
| Retail REITs 0.3% | ||
| NNN REIT, Inc. | 79,719 | 3,788,247 |
| Semiconductors & Semiconductor Equipment 6.1% | ||
| Analog Devices, Inc. | 36,056 | 13,247,335 |
| Broadcom, Inc. | 38,271 | 14,898,135 |
| Microchip Technology, Inc. | 133,560 | 9,922,172 |
| NVIDIA Corp. | 23,412 | 4,699,959 |
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR (Taiwan) | 37,551 | 15,179,992 |
| Texas Instruments, Inc. | 48,512 | 13,376,699 |
| 71,324,292 | ||
| Software 1.4% | ||
| Microsoft Corp. | 35,648 | 16,566,339 |
| Specialized REITs 1.0% | ||
| CubeSmart | 96,180 | 3,987,623 |
| Shares | Value | |
| Common Stocks | ||
| Specialized REITs | ||
| Lamar Advertising Co., Class A | 24,906 | $ 3,983,964 |
| VICI Properties, Inc. | 153,600 | 4,047,360 |
| 12,018,947 | ||
| Specialty Retail 0.9% | ||
| Best Buy Co., Inc. | 66,307 | 5,719,642 |
| Home Depot, Inc. (The) | 15,587 | 5,174,260 |
| 10,893,902 | ||
| Technology Hardware, Storage & Peripherals 5.0% | ||
| Apple, Inc. | 24,740 | 7,642,433 |
| Dell Technologies, Inc., Class C | 38,344 | 15,543,507 |
| Hewlett Packard Enterprise Co. | 352,856 | 16,901,803 |
| NetApp, Inc. | 51,342 | 9,164,547 |
| Samsung Electronics Co. Ltd., GDR (Republic of Korea) | 2,157 | 9,113,869 |
| 58,366,159 | ||
| Tobacco 1.3% | ||
| British American Tobacco plc (United Kingdom) | 57,261 | 3,476,364 |
| Imperial Brands plc (United Kingdom) | 159,122 | 6,039,674 |
| Philip Morris International, Inc. | 33,068 | 6,310,036 |
| 15,826,074 | ||
| Trading Companies & Distributors 1.0% | ||
| MSC Industrial Direct Co., Inc., Class A | 65,398 | 8,070,113 |
| Watsco, Inc. | 11,516 | 3,561,899 |
| 11,632,012 | ||
| Water Utilities 0.3% | ||
| Essential Utilities, Inc. | 92,494 | 3,685,886 |
| Wireless Telecommunication Services 0.7% | ||
| Rogers Communications, Inc., Class B (Canada) | 119,577 | 4,048,311 |
| SoftBank Corp. (Japan) | 2,974,800 | 4,176,921 |
| 8,225,232 | ||
| Total Common Stocks (Cost $440,381,135) | 713,619,606 | |
| Short-Term Investments 1.0% | ||
| Affiliated Investment Company 0.9% | ||
| NYLIM U.S. Government Liquidity Fund, 3.585% (j) | 10,762,132 | 10,762,132 |
| Shares | Value | ||
| Short-Term Investments | |||
| Unaffiliated Investment Company 0.1% | |||
| Invesco Government & Agency Portfolio, 3.742% (j)(k) | 1,252,960 | $ 1,252,960 | |
| Total Short-Term Investments (Cost $12,015,092) | 12,015,092 | ||
| Total Investments (Cost $894,408,650) | 98.3% | 1,157,773,069 | |
| Other Assets, Less Liabilities | 1.7 | 19,445,302 | |
| Net Assets | 100.0% | $ 1,177,218,371 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $5,111,033; the total market value of collateral held by the Fund was $5,740,904. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $4,487,944. The Fund received cash collateral with a value of $1,252,960. |
| (e) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (f) | Fixed to floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (g) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Collateralized Mortgage Obligation Interest Only Strip—Pays a fixed or variable rate of interest based on mortgage loans or mortgage pass-through securities. The principal amount of the underlying pool represents the notional amount on which the current interest was calculated. The value of these stripped securities may be particularly sensitive to changes in prevailing interest rates and are typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities. |
| (i) | Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of July 31, 2026. |
| (j) | Current yield as of July 31, 2026. |
| (k) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 12,099 | $ 320,570 | $ (321,907) | $ — | $ — | $ 10,762 | $ 547 | $ — | 10,762 |
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||
| AUD | 23,293,000 | USD | 16,119,918 | JPMorgan Chase Bank N.A. | 11/5/26 | $ 244,348 |
| EUR | 1,493,664 | USD | 1,708,147 | JPMorgan Chase Bank N.A. | 11/5/26 | 20,745 |
| USD | 12,241,362 | EUR | 10,428,000 | JPMorgan Chase Bank N.A. | 8/4/26 | 216,314 |
| USD | 13,240,348 | GBP | 9,813,000 | JPMorgan Chase Bank N.A. | 8/4/26 | 14,878 |
| USD | 12,328,023 | GBP | 9,143,000 | JPMorgan Chase Bank N.A. | 8/4/26 | 5,545 |
| USD | 11,909,051 | JPY | 1,885,255,000 | JPMorgan Chase Bank N.A. | 8/4/26 | 59,926 |
| Total Unrealized Appreciation | 561,756 | |||||
| AUD | 23,293,000 | USD | 16,680,686 | JPMorgan Chase Bank N.A. | 8/4/26 | (290,566) |
| EUR | 11,921,664 | USD | 14,004,133 | JPMorgan Chase Bank N.A. | 8/4/26 | (256,666) |
| USD | 25,186,380 | GBP | 18,956,000 | JPMorgan Chase Bank N.A. | 11/5/26 | (362,050) |
| USD | 11,597,894 | JPY | 1,885,255,000 | JPMorgan Chase Bank N.A. | 11/5/26 | (341,119) |
| Total Unrealized Depreciation | (1,250,401) | |||||
| Net Unrealized Depreciation | $ (688,645) | |||||
| 1. | Foreign Currency Forward Contracts are subject to limitations such that they cannot be “sold or repurchased,” although the Fund would be able to exit the transaction through other means, such as through the execution of an offsetting transaction. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Long Contracts | |||||
| Euro STOXX 50 Index | 209 | September 2026 | $ 15,105,381 | $ 15,359,462 | $ 254,081 |
| MSCI EAFE Index | 90 | September 2026 | 14,266,548 | 14,320,350 | 53,802 |
| S&P 500 E-Mini Index | 341 | September 2026 | 127,921,325 | 128,203,213 | 281,888 |
| S&P MidCap 400 E-Mini Index | 36 | September 2026 | 13,779,824 | 13,582,440 | (197,384) |
| SPI 200 Index | 50 | September 2026 | 7,814,688 | 7,865,928 | 51,240 |
| U.S. Treasury 2 Year Notes | 88 | September 2026 | 18,131,211 | 18,093,625 | (37,586) |
| U.S. Treasury 5 Year Notes | 7 | September 2026 | 744,586 | 741,836 | (2,750) |
| U.S. Treasury 10 Year Notes | 97 | September 2026 | 10,644,506 | 10,476,000 | (168,506) |
| U.S. Treasury 10 Year Ultra Bonds | 26 | September 2026 | 2,854,779 | 2,852,281 | (2,498) |
| U.S. Treasury Long Bonds | 210 | September 2026 | 23,213,861 | 22,745,625 | (468,236) |
| U.S. Treasury Ultra Bonds | 64 | September 2026 | 7,263,533 | 7,020,000 | (243,533) |
| Yen Denominated Nikkei 225 Index | 146 | September 2026 | 29,366,064 | 29,029,320 | (336,744) |
| Total Long Contracts | (816,226) | ||||
| Short Contracts | |||||
| FTSE 100 Index | (188) | September 2026 | (26,585,338) | (27,529,411) | (944,073) |
| Net Unrealized Depreciation | $ (1,760,299) |
| 1. | As of July 31, 2026, cash in the amount of $17,083,418 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| AUD—Australia Dollar |
| CLO—Collateralized Loan Obligation |
| EAFE—Europe, Australasia and Far East |
| EUR—Euro |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| FTSE—Financial Times Stock Exchange |
| GBP—British Pound Sterling |
| GDR—Global Depositary Receipt |
| GMSR—Ginnie Mae Mortgage Servicing Rights |
| GNMA—Government National Mortgage Association |
| JPY—Japanese Yen |
| MSCI—Morgan Stanley Capital International |
| MSCR—Multifamily Structured Credit Risk |
| PYG—Paraguay Guarani |
| REIT—Real Estate Investment Trust |
| REMIC—Real Estate Mortgage Investment Conduit |
| SOFR—Secured Overnight Financing Rate |
| STACR—Structured Agency Credit Risk |
| UMBS—Uniform Mortgage Backed Securities |
| USD—United States Dollar |
| UYU—Uruguay Peso |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 46,770,277 | $ — | $ 46,770,277 | |||
| Corporate Bonds | — | 128,567,962 | — | 128,567,962 | |||
| Foreign Government Bonds | — | 10,490,549 | — | 10,490,549 | |||
| Loan Assignments | — | 14,836,533 | — | 14,836,533 | |||
| Mortgage-Backed Securities | — | 114,432,421 | — | 114,432,421 | |||
| U.S. Government & Federal Agencies | — | 117,040,629 | — | 117,040,629 | |||
| Total Long-Term Bonds | — | 432,138,371 | — | 432,138,371 | |||
| Common Stocks | |||||||
| Aerospace & Defense | 4,086,490 | 6,656,413 | — | 10,742,903 | |||
| Air Freight & Logistics | 3,606,220 | 7,118,013 | — | 10,724,233 | |||
| Automobile Components | — | 4,259,610 | — | 4,259,610 | |||
| Automobiles | — | 3,672,532 | — | 3,672,532 | |||
| Banks | 40,825,098 | 9,353,803 | — | 50,178,901 | |||
| Capital Markets | 8,030,834 | 3,510,191 | — | 11,541,025 | |||
| Chemicals | 13,910,949 | 4,352,688 | — | 18,263,637 | |||
| Construction & Engineering | — | 4,154,560 | — | 4,154,560 | |||
| Consumer Staples Distribution & Retail | — | 3,781,227 | — | 3,781,227 | |||
| Diversified Telecommunication Services | 12,342,912 | 14,893,858 | — | 27,236,770 | |||
| Electric Utilities | 28,211,615 | 3,841,181 | — | 32,052,796 | |||
| Food Products | 11,781,273 | 3,554,056 | — | 15,335,329 | |||
| Gas Utilities | — | 6,192,959 | — | 6,192,959 | |||
| Household Products | 4,345,728 | 4,576,809 | — | 8,922,537 | |||
| Industrial Conglomerates | 3,805,191 | 6,394,249 | — | 10,199,440 | |||
| Insurance | 19,686,942 | 31,936,421 | — | 51,623,363 | |||
| Multi-Utilities | 5,586,450 | 3,466,022 | — | 9,052,472 | |||
| Oil, Gas & Consumable Fuels | 18,564,760 | 13,891,908 | — | 32,456,668 | |||
| Personal Care Products | — | 3,991,066 | — | 3,991,066 | |||
| Pharmaceuticals | 26,423,495 | 21,919,087 | — | 48,342,582 | |||
| Professional Services | — | 3,979,095 | — | 3,979,095 | |||
| Technology Hardware, Storage & Peripherals | 49,252,290 | 9,113,869 | — | 58,366,159 | |||
| Tobacco | 6,310,036 | 9,516,038 | — | 15,826,074 | |||
| Wireless Telecommunication Services | 4,048,311 | 4,176,921 | — | 8,225,232 | |||
| All Other Industries | 264,498,436 | — | — | 264,498,436 | |||
| Total Common Stocks | 525,317,030 | 188,302,576 | — | 713,619,606 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 10,762,132 | — | — | 10,762,132 | |||
| Unaffiliated Investment Company | 1,252,960 | — | — | 1,252,960 | |||
| Total Short-Term Investments | 12,015,092 | — | — | 12,015,092 | |||
| Total Investments in Securities | 537,332,122 | 620,440,947 | — | 1,157,773,069 | |||
| Other Financial Instruments (b) | |||||||
| Foreign Currency Forward Contracts | — | 561,756 | — | 561,756 | |||
| Futures Contracts | 641,011 | — | — | 641,011 | |||
| Total Other Financial Instruments | 641,011 | 561,756 | — | 1,202,767 | |||
| Total Investments in Securities and Other Financial Instruments | $ 537,973,133 | $ 621,002,703 | $ — | $ 1,158,975,836 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments (b) | |||||||
| Foreign Currency Forward Contracts | $ — | $ (1,250,401) | $ — | $ (1,250,401) | |||
| Futures Contracts | (2,401,310) | — | — | (2,401,310) | |||
| Total Other Financial Instruments | $ (2,401,310) | $ (1,250,401) | $ — | $ (3,651,711) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.2% | ||
| Air Freight & Logistics 4.7% | ||
| Expeditors International of Washington, Inc. | 96,327 | $ 16,172,340 |
| Banks 5.6% | ||
| M&T Bank Corp. | 77,459 | 19,077,377 |
| Beverages 1.8% | ||
| Brown-Forman Corp., Class B | 216,136 | 6,209,587 |
| Capital Markets 3.5% | ||
| Brookfield Asset Management Ltd., Class A | 61,567 | 2,979,843 |
| Brookfield Corp. | 209,126 | 8,894,129 |
| 11,873,972 | ||
| Chemicals 7.8% | ||
| Linde plc | 32,320 | 15,461,242 |
| Sherwin-Williams Co. (The) | 32,280 | 11,002,638 |
| 26,463,880 | ||
| Commercial Services & Supplies 11.3% | ||
| Cintas Corp. | 79,101 | 16,186,438 |
| Copart, Inc. (a) | 414,308 | 12,064,649 |
| Waste Connections, Inc. | 61,342 | 10,267,424 |
| 38,518,511 | ||
| Consumer Finance 5.1% | ||
| Credit Acceptance Corp. (a) | 30,445 | 17,320,465 |
| Consumer Staples Distribution & Retail 2.8% | ||
| Costco Wholesale Corp. | 10,063 | 9,578,869 |
| Containers & Packaging 2.2% | ||
| Ball Corp. | 117,347 | 7,615,820 |
| Electronic Equipment, Instruments & Components 6.9% | ||
| Amphenol Corp., Class A | 98,789 | 15,875,392 |
| CDW Corp. | 51,302 | 7,582,949 |
| 23,458,341 | ||
| Financial Services 4.2% | ||
| Berkshire Hathaway, Inc., Class B (a) | 28,016 | 14,331,305 |
| Ground Transportation 3.6% | ||
| Old Dominion Freight Line, Inc. | 58,399 | 12,388,764 |
| Household Durables 4.5% | ||
| NVR, Inc. (a) | 2,523 | 15,509,007 |
| Shares | Value | |
| Common Stocks | ||
| Insurance 8.9% | ||
| Markel Group, Inc. (a) | 7,241 | $ 13,630,024 |
| Progressive Corp. (The) | 78,583 | 16,614,018 |
| 30,244,042 | ||
| Life Sciences Tools & Services 2.6% | ||
| Danaher Corp. | 46,223 | 9,012,560 |
| Machinery 8.6% | ||
| Deere & Co. | 16,170 | 9,583,474 |
| PACCAR, Inc. | 148,949 | 19,762,553 |
| 29,346,027 | ||
| Software 7.1% | ||
| Appfolio, Inc., Class A (a) | 26,246 | 4,729,267 |
| Constellation Software, Inc. | 8,740 | 18,722,497 |
| Lumine Group, Inc. (a) | 37,318 | 645,282 |
| 24,097,046 | ||
| Specialized REITs 1.9% | ||
| Public Storage | 19,771 | 6,409,165 |
| Specialty Retail 3.8% | ||
| O'Reilly Automotive, Inc. (a) | 143,667 | 12,836,646 |
| Trading Companies & Distributors 2.3% | ||
| Watsco, Inc. | 25,224 | 7,801,783 |
| Total Common Stocks (Cost $207,168,957) | 338,265,507 | |
| Number of Warrants | ||
| Warrants 0.0% ‡ | ||
| Software 0.0% ‡ | ||
| Constellation Software, Inc. | ||
| Expires 3/31/40 (a)(b) | 16,496 | — |
| Total Warrants (Cost $0) | — | |
| Shares | Value | ||
| Short-Term Investment 0.9% | |||
| Affiliated Investment Company 0.9% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (c) | 3,019,315 | $ 3,019,315 | |
| Total Short-Term Investment (Cost $3,019,315) | 3,019,315 | ||
| Total Investments (Cost $210,188,272) | 100.1% | 341,284,822 | |
| Other Assets, Less Liabilities | (0.1) | (386,783) | |
| Net Assets | 100.0% | $ 340,898,039 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (c) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 4,642 | $ 55,665 | $ (57,288) | $ — | $ — | $ 3,019 | $ 137 | $ — | 3,019 |
| Abbreviation(s): |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 338,265,507 | $ — | $ — | $ 338,265,507 | |||
| Warrants | — | — | — | — | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 3,019,315 | — | — | 3,019,315 | |||
| Total Investments in Securities | $ 341,284,822 | $ — | $ — | $ 341,284,822 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Convertible Securities 93.7% | ||
| Convertible Bonds 81.4% | ||
| Aerospace & Defense 0.5% | ||
| BWX Technologies, Inc. | ||
| (zero coupon), due 11/1/30 (a) | $ 10,120,000 | $ 9,777,613 |
| Automobile Components 0.7% | ||
| Patrick Industries, Inc. | ||
| 1.75%, due 12/1/28 | 8,804,000 | 12,175,932 |
| Automobiles 0.4% | ||
| Rivian Automotive, Inc. | ||
| 4.625%, due 3/15/29 | 7,336,000 | 8,198,894 |
| Beverages 0.5% | ||
| MGP Ingredients, Inc. | ||
| 1.875%, due 11/15/41 | 9,940,000 | 9,685,288 |
| Biotechnology 8.1% | ||
| Alnylam Pharmaceuticals, Inc. | ||
| 1.00%, due 9/15/27 | 5,460,000 | 5,655,468 |
| Arrowhead Pharmaceuticals, Inc. | ||
| (zero coupon), due 1/15/32 | 15,973,000 | 19,800,131 |
| BioMarin Pharmaceutical, Inc. | ||
| 1.25%, due 5/15/27 | 19,573,000 | 19,083,675 |
| Bridgebio Pharma, Inc. | ||
| 2.25%, due 2/1/29 | 15,022,000 | 17,083,018 |
| Halozyme Therapeutics, Inc. (a) | ||
| (zero coupon), due 2/15/31 | 8,856,000 | 9,808,020 |
| 0.875%, due 11/15/32 | 8,857,000 | 10,021,696 |
| Ionis Pharmaceuticals, Inc. | ||
| (zero coupon), due 12/1/30 (a) | 17,766,000 | 15,734,014 |
| Mirum Pharmaceuticals, Inc. | ||
| (zero coupon), due 6/1/32 (a)(b) | 22,353,000 | 22,855,942 |
| Revolution Medicines, Inc. | ||
| 0.50%, due 5/1/33 | 23,823,000 | 29,659,635 |
| 149,701,599 | ||
| Broadline Retail 1.5% | ||
| Etsy, Inc. | ||
| 0.125%, due 10/1/26 | 27,834,000 | 28,382,330 |
| Commercial Services & Supplies 1.6% | ||
| Tetra Tech, Inc. | ||
| 2.25%, due 8/15/28 (b) | 26,609,000 | 29,343,075 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Communications Equipment 1.9% | ||
| Ciena Corp. | ||
| (zero coupon), due 9/15/31 (a) | $ 4,190,000 | $ 3,961,645 |
| Lumentum Holdings, Inc. | ||
| 0.50%, due 6/15/28 | 5,637,000 | 30,603,273 |
| 34,564,918 | ||
| Construction & Engineering 0.7% | ||
| Fluor Corp. | ||
| 1.125%, due 8/15/29 | 10,495,000 | 13,619,886 |
| Consumer Finance 0.5% | ||
| Upstart Holdings, Inc. | ||
| 1.00%, due 11/15/30 | 11,789,000 | 8,950,293 |
| Consumer Staples Distribution & Retail 1.3% | ||
| Chefs' Warehouse, Inc. (The) | ||
| 2.375%, due 12/15/28 | 9,332,000 | 24,886,578 |
| Electric Utilities 1.5% | ||
| PG&E Corp. | ||
| 4.25%, due 12/1/27 | 24,558,000 | 25,214,926 |
| Southern Co. (The) | ||
| 3.25%, due 6/15/28 | 3,000,000 | 3,027,000 |
| 28,241,926 | ||
| Electrical Equipment 0.6% | ||
| Bloom Energy Corp. | ||
| (zero coupon), due 11/15/30 (a) | 7,394,000 | 10,305,388 |
| Electronic Equipment, Instruments & Components 3.8% | ||
| Advanced Energy Industries, Inc. | ||
| (zero coupon), due 5/15/31 (a) | 19,715,000 | 19,241,840 |
| Avnet, Inc. | ||
| 1.75%, due 9/1/30 (a) | 9,700,000 | 13,584,850 |
| Mirion Technologies, Inc. | ||
| 0.25%, due 6/1/30 (a) | 18,958,000 | 18,507,748 |
| OSI Systems, Inc. | ||
| 0.50%, due 2/1/31 (a) | 20,280,000 | 19,081,164 |
| 70,415,602 | ||
| Entertainment 3.4% | ||
| IMAX Corp. | ||
| 0.75%, due 11/15/30 (a) | 22,983,000 | 29,653,816 |
| Liberty Media Corp.-Liberty Formula One | ||
| 2.25%, due 8/15/27 | 13,561,000 | 17,120,762 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Entertainment | ||
| Live Nation Entertainment, Inc. | ||
| 2.875%, due 1/15/30 (b) | $ 13,975,000 | $ 16,197,025 |
| 62,971,603 | ||
| Financial Services 2.5% | ||
| Affirm Holdings, Inc. | ||
| 0.75%, due 12/15/29 | 11,397,000 | 12,365,264 |
| Euronet Worldwide, Inc. | ||
| 0.625%, due 10/1/30 (a) | 7,250,000 | 6,561,250 |
| Global Payments, Inc. | ||
| 1.50%, due 3/1/31 | 11,829,000 | 10,924,081 |
| Shift4 Payments, Inc. | ||
| 0.50%, due 8/1/27 (b) | 18,090,000 | 17,298,816 |
| 47,149,411 | ||
| Food Products 2.3% | ||
| Freshpet, Inc. | ||
| 3.00%, due 4/1/28 | 16,615,000 | 19,260,939 |
| Post Holdings, Inc. | ||
| 2.50%, due 8/15/27 (b) | 22,194,000 | 23,226,021 |
| 42,486,960 | ||
| Ground Transportation 2.1% | ||
| Knight-Swift Transportation Holdings, Inc. | ||
| 1.00%, due 11/15/31 (a) | 9,730,000 | 10,612,997 |
| Uber Technologies, Inc. | ||
| Series 2028 | ||
| 0.875%, due 12/1/28 | 23,456,000 | 27,683,944 |
| 38,296,941 | ||
| Health Care Equipment & Supplies 6.2% | ||
| DexCom, Inc. | ||
| 0.375%, due 5/15/28 | 15,040,000 | 14,276,720 |
| Integer Holdings Corp. | ||
| 1.875%, due 3/15/30 | 25,460,000 | 26,916,312 |
| iRhythm Holdings, Inc. | ||
| 1.50%, due 9/1/29 | 14,384,000 | 15,763,860 |
| Lantheus Holdings, Inc. | ||
| 2.625%, due 12/15/27 | 23,906,000 | 31,543,967 |
| Merit Medical Systems, Inc. | ||
| 3.00%, due 2/1/29 | 23,436,000 | 27,443,556 |
| 115,944,415 | ||
| Health Care Providers & Services 1.3% | ||
| Guardant Health, Inc. | ||
| (zero coupon), due 5/15/33 (a) | 16,075,000 | 24,956,437 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Health Care REITs 3.3% | ||
| Healthcare Realty Holdings LP | ||
| 3.00%, due 1/15/32 (a) | $ 8,667,000 | $ 9,091,683 |
| Welltower OP LLC | ||
| 3.125%, due 7/15/29 (a) | 28,150,000 | 51,964,900 |
| 61,056,583 | ||
| Health Care Technology 0.4% | ||
| Teladoc Health, Inc. | ||
| 1.25%, due 6/1/27 (b) | 7,157,000 | 6,978,075 |
| Hotels, Restaurants & Leisure 1.7% | ||
| DoorDash, Inc. | ||
| (zero coupon), due 5/15/30 | 12,055,000 | 12,160,481 |
| NCL Corp. Ltd. | ||
| 1.125%, due 2/15/27 | 20,225,000 | 19,820,500 |
| 31,980,981 | ||
| Household Durables 0.7% | ||
| Meritage Homes Corp. | ||
| 1.75%, due 5/15/28 | 13,302,000 | 13,215,537 |
| Household Products 0.4% | ||
| Spectrum Brands, Inc. | ||
| 3.375%, due 6/1/29 | 7,412,000 | 7,755,176 |
| IT Services 4.8% | ||
| Akamai Technologies, Inc. | ||
| (zero coupon), due 5/15/32 (a) | 13,995,000 | 12,749,445 |
| 0.375%, due 9/1/27 | 16,800,000 | 20,017,200 |
| Cloudflare, Inc. | ||
| (zero coupon), due 6/15/30 | 17,687,000 | 24,520,918 |
| Snowflake, Inc. | ||
| (zero coupon), due 10/1/27 (b) | 16,568,000 | 31,541,223 |
| 88,828,786 | ||
| Leisure Products 0.9% | ||
| Peloton Interactive, Inc. | ||
| 5.50%, due 12/1/29 | 9,651,000 | 16,343,968 |
| Life Sciences Tools & Services 0.2% | ||
| Tempus AI, Inc. | ||
| 0.75%, due 7/15/30 | 3,415,000 | 3,221,199 |
| Machinery 0.5% | ||
| Greenbrier Cos., Inc. (The) | ||
| 2.875%, due 4/15/28 | 8,991,000 | 10,208,831 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Media 0.9% | ||
| Sirius XM Holdings, Inc. | ||
| 3.75%, due 3/15/28 | $ 13,850,000 | $ 15,834,012 |
| Metals & Mining 0.4% | ||
| MP Materials Corp. | ||
| 3.00%, due 3/1/30 (a) | 3,271,000 | 6,688,868 |
| Oil, Gas & Consumable Fuels 0.7% | ||
| Northern Oil & Gas, Inc. | ||
| 3.625%, due 4/15/29 | 12,935,000 | 12,893,325 |
| Pharmaceuticals 1.8% | ||
| Jazz Investments I Ltd. | ||
| 3.125%, due 9/15/30 | 11,568,000 | 20,394,384 |
| Zoetis, Inc. | ||
| 0.25%, due 6/15/29 (a) | 15,259,000 | 14,023,021 |
| 34,417,405 | ||
| Professional Services 1.4% | ||
| Parsons Corp. | ||
| 2.625%, due 3/1/29 | 12,747,000 | 12,311,053 |
| Planet Labs PBC | ||
| 0.50%, due 10/15/30 (a) | 7,248,000 | 14,158,968 |
| 26,470,021 | ||
| Real Estate Management & Development 0.6% | ||
| Compass, Inc. | ||
| 0.25%, due 4/15/31 (a) | 10,279,000 | 10,738,471 |
| Residential REITs 0.5% | ||
| Tanger Properties LP | ||
| 2.375%, due 1/15/31 (a) | 8,023,000 | 8,753,093 |
| Semiconductors & Semiconductor Equipment 6.6% | ||
| Amkor Technology, Inc. | ||
| (zero coupon), due 7/15/31 (a)(b) | 8,365,000 | 7,777,359 |
| Impinj, Inc. | ||
| (zero coupon), due 9/15/29 (a) | 10,175,000 | 10,063,075 |
| MKS, Inc. | ||
| 1.25%, due 6/1/30 | 15,811,000 | 32,432,314 |
| Nova Ltd. | ||
| (zero coupon), due 9/15/30 (a) | 9,006,000 | 13,074,460 |
| ON Semiconductor Corp. | ||
| (zero coupon), due 5/1/27 | 9,625,000 | 15,322,519 |
| (zero coupon), due 5/1/31 (a) | 5,580,000 | 5,203,350 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Semiconductors & Semiconductor Equipment | ||
| Onto Innovation, Inc. | ||
| (zero coupon), due 6/1/31 (a) | $ 9,790,000 | $ 10,643,506 |
| Semtech Corp. | ||
| (zero coupon), due 10/15/30 (a) | 12,239,000 | 18,113,720 |
| Synaptics, Inc. | ||
| 0.75%, due 12/1/31 (b) | 7,650,000 | 10,233,787 |
| 122,864,090 | ||
| Software 10.3% | ||
| BILL Holdings, Inc. | ||
| (zero coupon), due 4/1/30 | 13,980,000 | 12,315,681 |
| Check Point Software Technologies Ltd. | ||
| (zero coupon), due 12/15/30 (a) | 5,698,000 | 5,280,622 |
| CyberArk Software Ltd. | ||
| (zero coupon), due 6/15/30 | 9,288,000 | 15,227,676 |
| Datadog, Inc. | ||
| (zero coupon), due 12/1/29 | 16,717,000 | 24,348,310 |
| Dropbox, Inc. | ||
| (zero coupon), due 3/1/28 | 11,036,000 | 12,125,805 |
| Five9, Inc. | ||
| 1.00%, due 3/15/29 | 5,835,000 | 5,366,450 |
| Guidewire Software, Inc. | ||
| 1.25%, due 11/1/29 | 11,315,000 | 11,496,040 |
| Life360, Inc. | ||
| (zero coupon), due 6/1/30 | 8,200,000 | 8,456,250 |
| Nebius Group NV | ||
| 1.00%, due 9/15/30 (a) | 7,292,000 | 11,639,855 |
| Nutanix, Inc. | ||
| 0.50%, due 12/15/29 | 15,180,000 | 15,802,380 |
| Progress Software Corp. | ||
| 3.50%, due 3/1/30 (b) | 12,780,000 | 12,734,631 |
| Rubrik, Inc. | ||
| (zero coupon), due 6/15/30 | 7,215,000 | 7,168,103 |
| Tyler Technologies, Inc. | ||
| 0.50%, due 7/15/31 (a) | 12,697,000 | 12,966,811 |
| Unity Software, Inc. | ||
| (zero coupon), due 3/15/30 | 10,909,000 | 12,940,801 |
| Vertex, Inc. | ||
| 0.75%, due 5/1/29 | 8,473,000 | 7,687,129 |
| Workiva, Inc. | ||
| 1.25%, due 8/15/28 | 7,850,000 | 7,490,862 |
| Zscaler, Inc. | ||
| (zero coupon), due 7/15/28 (a) | 8,460,000 | 7,865,962 |
| 190,913,368 | ||
| Specialty Retail 0.9% | ||
| Burlington Stores, Inc. | ||
| 1.25%, due 12/15/27 | 9,505,000 | 17,289,595 |
| Principal Amount | Value | |
| Convertible Bonds | ||
| Technology Hardware, Storage & Peripherals 3.0% | ||
| Western Digital Corp. | ||
| 3.00%, due 11/15/28 | $ 3,917,000 | $ 56,331,160 |
| Total Convertible Bonds (Cost $1,281,618,787) | 1,512,837,633 | |
| Shares | ||
| Convertible Preferred Stocks 12.3% | ||
| Aerospace & Defense 1.2% | ||
| Boeing Co. (The) | ||
| 6.00% | 346,200 | 23,129,622 |
| Banks 1.6% | ||
| Bank of America Corp. | ||
| Series L | ||
| 7.25% (c) | 12,072 | 15,571,673 |
| Wells Fargo & Co. | ||
| Series L | ||
| 7.50% (c) | 11,552 | 13,696,513 |
| 29,268,186 | ||
| Capital Markets 0.4% | ||
| Ares Management Corp. | ||
| Series B | ||
| 6.75% | 195,700 | 8,047,184 |
| Electric Utilities 1.5% | ||
| NextEra Energy, Inc. | ||
| 7.299% | 521,850 | 27,762,420 |
| Interactive Media & Services 3.5% | ||
| Alphabet, Inc. | ||
| Series A | ||
| 6.25% | 1,141,800 | 57,272,688 |
| Series B | ||
| 6.25% | 139,190 | 6,987,338 |
| 64,260,026 | ||
| Semiconductors & Semiconductor Equipment 0.8% | ||
| Microchip Technology, Inc. | ||
| 7.50% | 235,175 | 15,117,049 |
| Software 0.6% | ||
| Oracle Corp. | ||
| Series D | ||
| 6.50% (b) | 255,420 | 10,696,990 |
| Shares | Value | ||
| Convertible Preferred Stocks | |||
| Technology Hardware, Storage & Peripherals 1.6% | |||
| Hewlett Packard Enterprise Co. | |||
| 7.625% | 240,100 | $ 29,899,653 | |
| Trading Companies & Distributors 1.1% | |||
| QXO, Inc. | |||
| 5.50% | 519,808 | 21,052,224 | |
| Total Convertible Preferred Stocks (Cost $216,180,686) | 229,233,354 | ||
| Total Convertible Securities (Cost $1,497,799,473) | 1,742,070,987 | ||
| Common Stock 1.0% | |||
| Financial Services 1.0% | |||
| Apollo Global Management, Inc. | 146,664 | 18,419,528 | |
| Total Common Stock (Cost $14,808,908) | 18,419,528 | ||
| Short-Term Investments 7.5% | |||
| Affiliated Investment Company 5.0% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (d)(e) | 93,487,244 | 93,487,244 | |
| Unaffiliated Investment Companies 2.5% | |||
| BlackRock Liquidity FedFund, 3.679% (e)(f) | 5,000,000 | 5,000,000 | |
| Invesco Government & Agency Portfolio, 3.742% (e)(f) | 35,966,079 | 35,966,079 | |
| Morgan Stanley Institutional Liquidity Fund Government Portfolio, 3.69% (e)(f) | 5,000,000 | 5,000,000 | |
| 45,966,079 | |||
| Total Short-Term Investments (Cost $139,453,323) | 139,453,323 | ||
| Total Investments (Cost $1,652,061,704) | 102.2% | 1,899,943,838 | |
| Other Assets, Less Liabilities | (2.2) | (41,183,437) | |
| Net Assets | 100.0% | $ 1,858,760,401 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $79,396,938; the total market value of collateral held by the Fund was $81,366,347. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $35,400,268. The Fund received cash collateral with a value of $45,966,079. |
| (c) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (d) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (e) | Current yield as of July 31, 2026. |
| (f) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 85,131 | $ 468,613 | $ (460,257) | $ — | $ — | $ 93,487 | $ 2,686 | $ — | 93,487 |
| Abbreviation(s): |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Convertible Securities | |||||||
| Convertible Bonds | $ — | $ 1,512,837,633 | $ — | $ 1,512,837,633 | |||
| Convertible Preferred Stocks | 229,233,354 | — | — | 229,233,354 | |||
| Total Convertible Securities | 229,233,354 | 1,512,837,633 | — | 1,742,070,987 | |||
| Common Stock | 18,419,528 | — | — | 18,419,528 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 93,487,244 | — | — | 93,487,244 | |||
| Unaffiliated Investment Companies | 45,966,079 | — | — | 45,966,079 | |||
| Total Short-Term Investments | 139,453,323 | — | — | 139,453,323 | |||
| Total Investments in Securities | $ 387,106,205 | $ 1,512,837,633 | $ — | $ 1,899,943,838 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 93.2% | ||
| Convertible Bond 0.1% | ||
| Media 0.1% | ||
| Cable One, Inc. | ||
| 1.125%, due 3/15/28 | $ 33,900,000 | $ 15,000,750 |
| Total Convertible Bond (Cost $32,539,815) | 15,000,750 | |
| Corporate Bonds 87.6% | ||
| Advertising 1.2% | ||
| Clear Channel Outdoor Holdings, Inc. (a) | ||
| 7.125%, due 2/15/31 | 7,690,000 | 7,932,273 |
| 7.75%, due 4/15/28 | 17,605,000 | 17,632,411 |
| Lamar Media Corp. | ||
| 3.625%, due 1/15/31 | 29,590,000 | 27,431,738 |
| 3.75%, due 2/15/28 | 11,000,000 | 10,764,987 |
| 4.00%, due 2/15/30 | 31,000,000 | 29,569,843 |
| 4.875%, due 1/15/29 | 11,500,000 | 11,333,017 |
| Outfront Media Capital LLC (a) | ||
| 4.625%, due 3/15/30 | 5,650,000 | 5,456,755 |
| 6.00%, due 6/15/34 | 10,000,000 | 9,875,019 |
| 7.375%, due 2/15/31 | 5,000,000 | 5,172,465 |
| 125,168,508 | ||
| Aerospace & Defense 3.0% | ||
| AAR Escrow Issuer LLC | ||
| 6.75%, due 3/15/29 (a) | 11,500,000 | 11,747,998 |
| Efesto Bidco SpA Efesto US LLC | ||
| Series XR | ||
| 7.50%, due 2/15/32 (a) | 4,500,000 | 4,550,193 |
| TransDigm, Inc. | ||
| 4.625%, due 1/15/29 | 24,500,000 | 24,016,130 |
| 4.875%, due 5/1/29 | 12,245,000 | 12,027,924 |
| 6.00%, due 1/15/33 (a) | 25,500,000 | 25,497,307 |
| 6.375%, due 3/1/29 (a) | 78,065,000 | 79,004,200 |
| 6.375%, due 5/31/33 (a) | 47,940,000 | 47,927,857 |
| 6.625%, due 3/1/32 (a) | 30,150,000 | 30,654,409 |
| 6.75%, due 8/15/28 (a) | 31,380,000 | 31,576,464 |
| 6.75%, due 1/31/34 (a) | 18,450,000 | 18,750,237 |
| 6.875%, due 12/15/30 (a) | 12,250,000 | 12,557,156 |
| 7.125%, due 12/1/31 (a) | 11,560,000 | 11,923,446 |
| 310,233,321 | ||
| Agriculture 0.0% ‡ | ||
| Darling Ingredients, Inc. | ||
| 6.00%, due 6/15/30 (a) | 4,000,000 | 4,017,940 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Airlines 0.2% | ||
| American Airlines, Inc. | ||
| 5.75%, due 4/20/29 (a) | $ 9,166,667 | $ 9,116,260 |
| United Airlines Holdings, Inc. | ||
| 5.375%, due 3/1/31 | 10,000,000 | 9,868,981 |
| 18,985,241 | ||
| Apparel 0.1% | ||
| William Carter Co. (The) | ||
| 7.375%, due 2/15/31 (a) | 7,255,000 | 7,439,393 |
| Auto Manufacturers 0.4% | ||
| JB Poindexter & Co., Inc. | ||
| 8.75%, due 12/15/31 (a) | 45,570,000 | 46,953,460 |
| Auto Parts & Equipment 2.7% | ||
| Adient Global Holdings Ltd. (a) | ||
| 7.00%, due 4/15/28 | 3,000,000 | 3,045,001 |
| 8.25%, due 4/15/31 | 4,250,000 | 4,419,035 |
| American Axle & Manufacturing, Inc. (a) | ||
| 6.375%, due 10/15/32 | 6,000,000 | 5,967,973 |
| 7.75%, due 10/15/33 | 6,500,000 | 6,400,693 |
| Clarios Global LP | ||
| 6.75%, due 2/15/30 (a) | 5,000,000 | 5,126,975 |
| Cooper-Standard Automotive, Inc. | ||
| 9.25%, due 3/1/31 (a) | 16,750,000 | 17,049,199 |
| Cyprium Corp. (a) | ||
| 6.125%, due 4/15/31 | 12,600,000 | 12,488,238 |
| 6.375%, due 4/15/34 | 10,490,000 | 10,334,659 |
| Dorman Products, Inc. | ||
| 6.25%, due 6/15/34 (a) | 5,000,000 | 5,014,250 |
| Garrett Motion Holdings, Inc. | ||
| 7.75%, due 5/31/32 (a) | 13,800,000 | 14,344,369 |
| Goodyear Tire & Rubber Co. (The) | ||
| 8.875%, due 7/15/32 | 2,665,000 | 2,735,255 |
| IHO Verwaltungs GmbH (a) | ||
| 6.375% (6.375% Cash or 7.13% PIK), due 5/15/29 (b) | 40,980,000 | 41,243,829 |
| 7.375%, due 5/15/33 | 22,255,000 | 23,067,753 |
| 7.75% (7.75% Cash or 8.50% PIK), due 11/15/30 (b) | 36,000,000 | 37,312,776 |
| 8.00% (8.00% Cash or 8.75% PIK), due 11/15/32 (b) | 18,655,000 | 19,588,757 |
| Phinia, Inc. (a) | ||
| 6.625%, due 10/15/32 | 5,410,000 | 5,463,808 |
| 6.75%, due 4/15/29 | 16,150,000 | 16,417,476 |
| Realtruck Group, Inc. | ||
| 6.25%, due 7/31/31 (a) | 33,602,400 | 5,890,914 |
| Tenneco, Inc. | ||
| 8.00%, due 11/17/28 (a) | 21,685,000 | 21,739,422 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Auto Parts & Equipment | ||
| ZF North America Capital, Inc. (a) | ||
| 6.75%, due 4/23/30 | $ 4,725,000 | $ 4,688,948 |
| 7.50%, due 3/24/31 | 22,500,000 | 22,656,906 |
| 284,996,236 | ||
| Biotechnology 0.3% | ||
| BioMarin Pharmaceutical, Inc. | ||
| 5.50%, due 2/15/34 (a) | 3,000,000 | 2,926,717 |
| GENMAB A/S (a) | ||
| 6.25%, due 12/15/32 | 17,200,000 | 17,357,432 |
| 7.25%, due 12/15/33 | 10,600,000 | 10,929,702 |
| 31,213,851 | ||
| Building Materials 1.2% | ||
| EMRLD Borrower LP | ||
| 6.625%, due 12/15/30 (a) | 33,075,000 | 33,617,331 |
| Knife River Corp. | ||
| 7.75%, due 5/1/31 (a) | 16,000,000 | 16,504,368 |
| Masterbrand, Inc. | ||
| 7.00%, due 7/15/32 (a) | 7,500,000 | 7,504,237 |
| Quikrete Holdings, Inc. (a) | ||
| 6.375%, due 3/1/32 | 51,355,000 | 51,981,736 |
| 6.75%, due 3/1/33 | 16,500,000 | 16,718,155 |
| 126,325,827 | ||
| Chemicals 2.7% | ||
| ASP Unifrax Holdings, Inc. (a)(b)(c)(d) | ||
| 7.10% (5.85% Cash and 1.25% PIK), due 9/30/29 | 17,750,754 | 1,775 |
| 11.175% (6.425% Cash and 4.75% PIK), due 9/30/29 | 1,454,728 | 509,155 |
| Axalta Coating Systems Dutch Holding B BV | ||
| 7.25%, due 2/15/31 (a) | 2,000,000 | 2,068,502 |
| Celanese US Holdings LLC (e) | ||
| 7.33%, due 7/15/29 | 2,500,000 | 2,598,872 |
| 7.35%, due 11/15/28 | 1,870,000 | 1,940,065 |
| 7.379%, due 7/15/32 | 10,000,000 | 10,463,130 |
| 7.55%, due 11/15/30 | 9,950,000 | 10,474,057 |
| GPD Cos., Inc. | ||
| 12.50% (10.125% Cash and 2.375% PIK), due 12/31/29 (a)(b) | 22,529,968 | 14,403,289 |
| Innophos Holdings, Inc. | ||
| 11.50%, due 6/15/29 (a) | 51,615,550 | 48,518,617 |
| NOVA Chemicals Corp. (a) | ||
| 5.25%, due 6/1/27 | 15,375,000 | 15,383,641 |
| 7.00%, due 12/1/31 | 8,385,000 | 8,794,222 |
| 8.50%, due 11/15/28 | 14,360,000 | 14,805,189 |
| 9.00%, due 2/15/30 | 22,710,000 | 23,790,996 |
| Olympus Water US Holding Corp. (a) | ||
| 6.75%, due 8/1/32 | 7,965,000 | 7,751,962 |
| 7.25%, due 2/15/33 | 9,500,000 | 9,305,907 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Chemicals | ||
| Perimeter Holdings LLC | ||
| 6.25%, due 1/15/34 (a) | $ 20,420,000 | $ 20,046,385 |
| Qnity Electronics, Inc. (a) | ||
| 5.75%, due 8/15/32 | 15,335,000 | 15,225,919 |
| 6.25%, due 8/15/33 | 10,025,000 | 10,071,696 |
| SCIH Salt Holdings, Inc. | ||
| 4.875%, due 5/1/28 (a) | 5,000,000 | 4,999,750 |
| SK Invictus Intermediate II SARL | ||
| 5.00%, due 10/30/29 (a) | 42,380,000 | 41,384,121 |
| Solstice Advanced Materials, Inc. | ||
| 5.625%, due 9/30/33 (a) | 17,840,000 | 17,444,560 |
| 279,981,810 | ||
| Coal 0.2% | ||
| Alliance Resource Operating Partners LP | ||
| 8.625%, due 6/15/29 (a) | 18,000,000 | 18,779,760 |
| Commercial Services 3.8% | ||
| Belron UK Finance plc | ||
| 5.75%, due 10/15/29 (a) | 13,360,000 | 13,355,777 |
| Block, Inc. | ||
| 5.625%, due 8/15/30 (a) | 13,595,000 | 13,525,449 |
| 6.00%, due 8/15/33 (a) | 11,285,000 | 11,191,208 |
| 6.50%, due 5/15/32 | 18,500,000 | 18,690,624 |
| Carrix, Inc. | ||
| 6.125%, due 8/1/33 (a) | 11,370,000 | 11,317,485 |
| Clarivate Science Holdings Corp. (a) | ||
| 3.875%, due 7/1/28 | 31,724,000 | 30,650,114 |
| 4.875%, due 7/1/29 | 52,576,000 | 48,412,775 |
| CompoSecure Holdings LLC | ||
| 5.625%, due 2/1/33 (a) | 16,830,000 | 16,177,131 |
| DCLI Bidco LLC | ||
| 7.75%, due 11/15/29 (a) | 22,880,000 | 23,503,594 |
| Graham Holdings Co. | ||
| 5.625%, due 12/1/33 (a) | 18,790,000 | 18,337,879 |
| Herc Holdings, Inc. | ||
| 7.00%, due 6/15/30 (a) | 8,605,000 | 8,874,070 |
| Korn Ferry | ||
| 4.625%, due 12/15/27 (a) | 8,685,000 | 8,632,218 |
| NES Fircroft Bondco A/S | ||
| Series Reg S | ||
| 8.00%, due 9/30/29 (a) | 16,375,000 | 17,072,656 |
| Series Reg S | ||
| 10.00%, due 8/13/31 (f) | 6,500,000 | 6,589,083 |
| NESCO Holdings II, Inc. | ||
| 5.50%, due 4/15/29 (a) | 28,024,000 | 27,824,178 |
| OT Midco, Inc. | ||
| 10.00%, due 2/15/30 (a) | 19,635,000 | 7,363,125 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Commercial Services | ||
| Raven Acquisition Holdings LLC | ||
| 6.875%, due 11/15/31 (a) | $ 6,420,000 | $ 6,245,989 |
| Synergy Infrastructure Holdings LLC | ||
| 7.00%, due 7/15/34 (a) | 4,000,000 | 4,035,228 |
| TriNet Group, Inc. | ||
| 7.125%, due 8/15/31 (a) | 11,050,000 | 11,205,009 |
| United Rentals North America, Inc. | ||
| 3.875%, due 2/15/31 | 10,135,000 | 9,473,695 |
| 4.875%, due 1/15/28 | 13,760,000 | 13,705,642 |
| 5.375%, due 11/15/33 (a) | 17,380,000 | 16,923,007 |
| Williams Scotsman, Inc. (a) | ||
| 4.625%, due 8/15/28 | 19,500,000 | 19,261,837 |
| 6.625%, due 6/15/29 | 14,250,000 | 14,490,754 |
| 6.625%, due 4/15/30 | 7,000,000 | 7,157,444 |
| 7.375%, due 10/1/31 | 8,000,000 | 8,248,312 |
| 392,264,283 | ||
| Computers 0.6% | ||
| Amentum Holdings, Inc. | ||
| 7.25%, due 8/1/32 (a) | 25,950,000 | 26,660,848 |
| CACI International, Inc. | ||
| 6.375%, due 6/15/33 (a) | 26,600,000 | 26,805,841 |
| Diebold Nixdorf, Inc. | ||
| 7.75%, due 3/31/30 (a) | 5,000,000 | 5,190,590 |
| 58,657,279 | ||
| Cosmetics & Personal Care 1.0% | ||
| Edgewell Personal Care Co. (a) | ||
| 4.125%, due 4/1/29 | 21,750,000 | 20,928,900 |
| 5.50%, due 6/1/28 | 20,505,000 | 20,446,700 |
| Perrigo Finance Unlimited Co. | ||
| 6.125%, due 9/30/32 | 15,865,000 | 15,072,908 |
| Prestige Brands, Inc. (a) | ||
| 3.75%, due 4/1/31 | 34,985,000 | 32,077,061 |
| 6.25%, due 7/15/34 | 10,605,000 | 10,634,948 |
| 99,160,517 | ||
| Distribution & Wholesale 0.7% | ||
| Core & Main LP | ||
| 6.00%, due 7/1/34 (a) | 10,765,000 | 10,704,856 |
| Gates Corp. | ||
| 6.875%, due 7/1/29 (a) | 3,215,000 | 3,279,699 |
| RB Global Holdings, Inc. (a) | ||
| 6.75%, due 3/15/28 | 13,290,000 | 13,408,560 |
| 7.75%, due 3/15/31 | 29,540,000 | 30,483,844 |
| Velocity Vehicle Group LLC | ||
| 8.00%, due 6/1/29 (a) | 14,000,000 | 13,874,802 |
| 71,751,761 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Diversified Financial Services 3.8% | ||
| Aretec Group, Inc. (a) | ||
| 7.50%, due 4/1/29 | $ 14,172,000 | $ 14,134,973 |
| 10.00%, due 8/15/30 | 17,840,000 | 18,818,863 |
| Enact Holdings, Inc. | ||
| 6.25%, due 5/28/29 | 5,750,000 | 5,898,115 |
| First Eagle Holdings, Inc. | ||
| 7.25%, due 8/15/32 (a) | 13,415,000 | 13,571,620 |
| Jane Street Group (a) | ||
| 6.125%, due 11/1/32 | 43,060,000 | 42,844,676 |
| 6.75%, due 5/1/33 | 10,530,000 | 10,731,323 |
| 7.125%, due 4/30/31 | 55,500,000 | 57,277,277 |
| Osaic Holdings, Inc. (a) | ||
| 6.75%, due 8/1/32 | 33,955,000 | 34,076,404 |
| 8.00%, due 8/1/33 | 12,810,000 | 12,998,345 |
| PennyMac Financial Services, Inc. (a) | ||
| 4.25%, due 2/15/29 | 9,500,000 | 9,003,021 |
| 5.75%, due 9/15/31 | 7,000,000 | 6,488,523 |
| 6.75%, due 2/15/34 | 5,000,000 | 4,637,625 |
| 6.875%, due 2/15/33 | 3,500,000 | 3,320,966 |
| 7.125%, due 11/15/30 | 17,000,000 | 16,946,958 |
| Planet Financial Group LLC | ||
| 10.50%, due 12/15/29 (a) | 11,025,000 | 10,757,263 |
| Provident Funding Associates LP | ||
| 9.75%, due 9/15/29 (a) | 8,890,000 | 9,179,076 |
| Rocket Cos., Inc. (a) | ||
| 6.125%, due 8/1/30 | 13,980,000 | 14,093,336 |
| 6.125%, due 8/1/31 | 8,410,000 | 8,448,324 |
| 6.375%, due 8/1/33 | 16,105,000 | 16,200,702 |
| 6.50%, due 6/15/34 | 8,000,000 | 8,063,232 |
| 7.125%, due 2/1/32 | 6,000,000 | 6,149,676 |
| Stonex Escrow Issuer LLC | ||
| 6.875%, due 7/15/32 (a) | 28,900,000 | 29,335,234 |
| StoneX Group, Inc. | ||
| 7.875%, due 3/1/31 (a) | 35,305,000 | 36,770,652 |
| WS Escrow LLC | ||
| 7.75%, due 6/1/33 (a) | 3,090,000 | 3,197,090 |
| 392,943,274 | ||
| Electric 4.8% | ||
| Alpha Generation LLC | ||
| 6.75%, due 10/15/32 (a) | 9,000,000 | 9,078,462 |
| Clearway Energy Operating LLC (a) | ||
| 4.75%, due 3/15/28 | 24,940,000 | 24,613,597 |
| 5.75%, due 1/15/34 | 7,550,000 | 7,280,094 |
| EUSHI Finance, Inc. | ||
| 6.25% (5 Year Treasury Constant Maturity Rate + 2.509%), due 4/1/56 (g) | 10,550,000 | 10,414,058 |
| Keystone Power Pass-Through Holders LLC | ||
| 13.00% (12.00% PIK), due 6/1/28 (a)(b)(h) | 3,517,763 | 3,446,235 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| Leeward Renewable Energy Operations LLC | ||
| 4.25%, due 7/1/29 (a) | $ 8,000,000 | $ 7,592,381 |
| NRG Energy, Inc. (a) | ||
| 5.75%, due 1/15/34 | 22,520,000 | 21,932,300 |
| 5.875%, due 5/15/34 | 11,010,000 | 10,808,518 |
| 6.00%, due 2/1/33 | 12,500,000 | 12,462,421 |
| 6.00%, due 1/15/36 | 41,995,000 | 41,086,854 |
| 6.125%, due 5/15/36 | 16,715,000 | 16,499,467 |
| 6.25%, due 11/1/34 | 7,000,000 | 6,981,554 |
| PacifiCorp (g) | ||
| 7.125% (5 Year Treasury Constant Maturity Rate + 3.292%), due 8/15/56 | 20,865,000 | 20,542,454 |
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.319%), due 9/15/55 | 7,000,000 | 6,962,113 |
| Pattern Energy Operations LP | ||
| 4.50%, due 8/15/28 (a) | 3,500,000 | 3,417,800 |
| PG&E Corp. | ||
| 5.00%, due 7/1/28 | 19,310,000 | 19,127,741 |
| 5.25%, due 7/1/30 | 15,000,000 | 14,751,567 |
| 6.85% (5 Year Treasury Constant Maturity Rate + 3.225%), due 9/15/56 (g) | 8,500,000 | 8,411,318 |
| Talen Energy Supply LLC (a) | ||
| 6.125%, due 5/1/31 | 31,825,000 | 31,635,425 |
| 6.25%, due 2/1/34 | 25,550,000 | 25,059,722 |
| 6.375%, due 5/1/33 | 32,515,000 | 32,020,961 |
| 6.50%, due 2/1/36 | 28,385,000 | 28,030,912 |
| TransAlta Corp. | ||
| 5.875%, due 2/1/34 | 2,310,000 | 2,251,886 |
| Vistra Corp. (a)(g)(i) | ||
| 7.00% (5 Year Treasury Constant Maturity Rate + 5.74%), due 12/15/26 | 10,280,000 | 10,334,936 |
| 8.00% (5 Year Treasury Constant Maturity Rate + 6.93%), due 10/15/26 | 35,500,000 | 35,662,803 |
| Vistra Operations Co. LLC | ||
| 6.875%, due 4/15/32 (a) | 10,650,000 | 11,000,268 |
| VoltaGrid LLC | ||
| 7.375%, due 11/1/30 (a) | 19,490,000 | 19,586,877 |
| XPLR Infrastructure Operating Partners LP (a) | ||
| 4.50%, due 9/15/27 | 9,450,000 | 9,341,305 |
| 7.25%, due 1/15/29 | 4,000,000 | 4,125,150 |
| 7.75%, due 4/15/34 | 6,315,000 | 6,613,264 |
| 8.375%, due 1/15/31 | 17,090,000 | 18,163,713 |
| 8.625%, due 3/15/33 | 14,190,000 | 15,160,383 |
| 494,396,539 | ||
| Electrical Components & Equipment 0.6% | ||
| EnerSys | ||
| 6.625%, due 1/15/32 (a) | 10,000,000 | 10,119,580 |
| WESCO Distribution, Inc. (a) | ||
| 5.25%, due 4/15/31 | 10,505,000 | 10,330,026 |
| 5.50%, due 4/15/34 | 7,355,000 | 7,145,085 |
| 6.375%, due 3/15/29 | 7,500,000 | 7,605,810 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electrical Components & Equipment | ||
| WESCO Distribution, Inc. (a) | ||
| 6.375%, due 3/15/33 | $ 5,000,000 | $ 5,083,865 |
| 6.625%, due 3/15/32 | 19,720,000 | 20,118,916 |
| 60,403,282 | ||
| Electronics 0.1% | ||
| Sensata Technologies BV | ||
| 5.875%, due 9/1/30 (a) | 13,500,000 | 13,511,084 |
| Engineering & Construction 0.6% | ||
| AECOM | ||
| 6.00%, due 8/1/33 (a) | 21,730,000 | 21,605,980 |
| Granite Construction, Inc. | ||
| 6.375%, due 6/15/34 (a) | 8,625,000 | 8,600,330 |
| Weekley Homes LLC (a) | ||
| 4.875%, due 9/15/28 | 21,580,000 | 21,207,888 |
| 6.75%, due 1/15/34 | 15,900,000 | 15,898,625 |
| 67,312,823 | ||
| Entertainment 4.0% | ||
| Affinity Interactive | ||
| 6.875%, due 12/15/27 (a) | 12,395,000 | 6,073,550 |
| Caesars Entertainment, Inc. (a) | ||
| 6.00%, due 10/15/32 | 25,675,000 | 22,518,646 |
| 6.50%, due 2/15/32 | 8,000,000 | 7,644,554 |
| 7.00%, due 2/15/30 | 16,000,000 | 16,052,928 |
| Churchill Downs, Inc. (a) | ||
| 4.75%, due 1/15/28 | 46,525,000 | 46,069,450 |
| 5.50%, due 4/1/27 | 40,174,000 | 40,195,855 |
| 5.75%, due 4/1/30 | 25,000,000 | 24,926,048 |
| 6.75%, due 5/1/31 | 9,000,000 | 9,107,037 |
| Flutter Treasury DAC | ||
| 5.875%, due 6/4/31 (a) | 12,500,000 | 12,314,080 |
| Jacobs Entertainment, Inc. (a) | ||
| 6.75%, due 2/15/29 | 24,214,000 | 23,759,988 |
| 6.75%, due 2/15/29 | 8,775,000 | 8,599,500 |
| Light & Wonder International, Inc. (a) | ||
| 6.25%, due 10/1/33 | 14,180,000 | 13,931,850 |
| 7.25%, due 11/15/29 | 15,665,000 | 15,921,389 |
| 7.50%, due 9/1/31 | 16,000,000 | 16,480,976 |
| Live Nation Entertainment, Inc. (a) | ||
| 4.75%, due 10/15/27 | 9,000,000 | 8,953,678 |
| 6.50%, due 5/15/27 | 39,280,000 | 39,298,501 |
| Merlin Entertainments Group US Holdings, Inc. | ||
| 7.375%, due 2/15/31 (a) | 12,565,000 | 9,841,644 |
| Motion Bondco DAC | ||
| 6.625%, due 11/15/27 (a) | 19,500,000 | 18,510,344 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Entertainment | ||
| Motion Finco SARL | ||
| 8.375%, due 2/15/32 (a) | $ 13,435,000 | $ 10,531,072 |
| Rivers Enterprise Borrower LLC (a) | ||
| 6.25%, due 10/15/30 | 21,975,000 | 22,072,393 |
| 6.625%, due 2/1/33 | 18,500,000 | 18,614,904 |
| Voyager Parent LLC | ||
| 9.25%, due 7/1/32 (a) | 23,483,000 | 24,950,157 |
| 416,368,544 | ||
| Environmental Control 0.4% | ||
| Clean Harbors, Inc. | ||
| 5.75%, due 10/15/33 (a) | 11,000,000 | 10,935,999 |
| Luna 1.5 SARL | ||
| 12.00%, due 7/1/32 (a) | 12,871,375 | 13,671,131 |
| Waste Pro USA, Inc. | ||
| 7.00%, due 2/1/33 (a) | 12,650,000 | 12,821,154 |
| 37,428,284 | ||
| Food 2.0% | ||
| Albertsons Cos., Inc. (a) | ||
| 5.625%, due 3/31/32 | 4,000,000 | 3,804,808 |
| 5.75%, due 3/31/34 | 12,500,000 | 11,621,774 |
| C&S Group Enterprises LLC | ||
| 5.00%, due 12/15/28 (a) | 3,000,000 | 2,759,409 |
| Chobani LLC (a) | ||
| 6.375%, due 4/15/34 | 13,065,000 | 13,098,473 |
| 7.625%, due 7/1/29 | 21,750,000 | 22,429,057 |
| Industrial F&B Investments III, Inc. | ||
| 7.75%, due 2/11/33 (a) | 15,695,000 | 15,935,212 |
| Land O'Lakes Capital Trust I | ||
| 7.45%, due 3/15/28 (a) | 19,509,000 | 19,899,180 |
| Performance Food Group, Inc. (a) | ||
| 4.25%, due 8/1/29 | 19,000,000 | 18,368,835 |
| 5.625%, due 3/1/34 | 2,000,000 | 1,939,994 |
| 6.125%, due 9/15/32 | 11,750,000 | 11,783,194 |
| Post Holdings, Inc. (a) | ||
| 6.25%, due 10/15/34 | 6,500,000 | 6,319,734 |
| 6.375%, due 3/1/33 | 3,000,000 | 2,954,421 |
| 6.50%, due 3/15/36 | 7,290,000 | 7,110,627 |
| Simmons Foods, Inc. | ||
| 4.625%, due 3/1/29 (a) | 43,335,000 | 41,888,451 |
| United Natural Foods, Inc. | ||
| 6.75%, due 10/15/28 (a) | 18,912,000 | 18,911,998 |
| Viking Baked Goods Acquisition Corp. (a) | ||
| 8.625%, due 11/1/31 | 4,630,000 | 4,647,122 |
| Series JUL | ||
| 8.625%, due 11/1/31 | 7,970,000 | 7,999,474 |
| 211,471,763 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Forest Products & Paper 0.3% | ||
| Mercer International, Inc. | ||
| 5.125%, due 2/1/29 | $ 40,815,000 | $ 24,284,925 |
| 12.875%, due 10/1/28 (a) | 18,975,000 | 10,531,125 |
| 34,816,050 | ||
| Gas 0.2% | ||
| AltaGas Ltd. | ||
| 7.20% (5 Year Treasury Constant Maturity Rate + 3.573%), due 10/15/54 (a)(g) | 20,545,000 | 21,251,871 |
| Healthcare-Products 0.8% | ||
| Bausch + Lomb Corp. | ||
| 8.375%, due 10/1/28 (a) | 28,040,000 | 28,741,000 |
| Neogen Food Safety Corp. | ||
| 8.625%, due 7/20/30 (a) | 15,200,000 | 15,909,962 |
| Teleflex, Inc. (a) | ||
| 4.25%, due 6/1/28 | 34,960,000 | 34,243,865 |
| 5.875%, due 1/15/32 | 9,340,000 | 9,259,222 |
| 88,154,049 | ||
| Healthcare-Services 3.2% | ||
| Acadia Healthcare Co., Inc. | ||
| 5.00%, due 4/15/29 (a) | 2,000,000 | 1,957,879 |
| Centene Corp. | ||
| 3.375%, due 2/15/30 | 10,000,000 | 9,248,889 |
| 4.625%, due 12/15/29 | 19,537,000 | 18,953,571 |
| DaVita, Inc. (a) | ||
| 3.75%, due 2/15/31 | 16,015,000 | 14,772,406 |
| 4.625%, due 6/1/30 | 13,490,000 | 13,003,461 |
| Encompass Health Corp. | ||
| 4.50%, due 2/1/28 | 8,982,000 | 8,886,327 |
| 4.625%, due 4/1/31 | 9,200,000 | 8,855,295 |
| 4.75%, due 2/1/30 | 21,000,000 | 20,537,437 |
| Global Medical Response, Inc. | ||
| 7.375%, due 10/1/32 (a) | 16,600,000 | 16,892,513 |
| HCA, Inc. | ||
| 7.50%, due 11/6/33 | 28,500,000 | 31,673,904 |
| IQVIA, Inc. (a) | ||
| 5.00%, due 10/15/26 | 29,113,000 | 29,097,844 |
| 5.00%, due 5/15/27 | 5,000,000 | 4,993,852 |
| 6.25%, due 6/1/32 | 35,000,000 | 35,450,135 |
| 6.50%, due 5/15/30 | 6,000,000 | 6,113,484 |
| LifePoint Health, Inc. (a) | ||
| 5.375%, due 1/15/29 | 14,423,000 | 13,687,020 |
| 7.00%, due 5/1/34 | 26,365,000 | 24,625,976 |
| 8.375%, due 2/15/32 | 15,170,000 | 15,273,050 |
| 10.00%, due 6/1/32 | 25,475,000 | 24,457,738 |
| Molina Healthcare, Inc. | ||
| 6.50%, due 2/15/31 (a) | 8,000,000 | 8,073,560 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Healthcare-Services | ||
| Tenet Healthcare Corp. | ||
| 5.50%, due 11/15/32 (a) | $ 6,155,000 | $ 6,060,140 |
| 6.125%, due 6/15/30 | 10,500,000 | 10,553,162 |
| 6.75%, due 5/15/31 | 10,000,000 | 10,198,280 |
| 333,365,923 | ||
| Holding Companies-Diversified 0.6% | ||
| Stena International SA (a) | ||
| 7.25%, due 1/15/31 | 26,285,000 | 26,753,583 |
| 7.625%, due 2/15/31 | 30,250,000 | 31,181,276 |
| 57,934,859 | ||
| Home Builders 1.1% | ||
| Brookfield Residential Properties, Inc. | ||
| 6.25%, due 9/15/27 (a) | 13,410,000 | 13,408,068 |
| Century Communities, Inc. | ||
| 3.875%, due 8/15/29 (a) | 7,545,000 | 7,155,059 |
| Installed Building Products, Inc. | ||
| 5.625%, due 2/1/34 (a) | 8,730,000 | 8,427,060 |
| M/I Homes, Inc. | ||
| 3.95%, due 2/15/30 | 3,250,000 | 3,062,173 |
| 4.95%, due 2/1/28 | 7,500,000 | 7,432,319 |
| Mattamy Group Corp. | ||
| 6.00%, due 12/15/33 (a) | 19,445,000 | 18,509,194 |
| Shea Homes LP | ||
| 4.75%, due 2/15/28 | 26,925,000 | 26,559,272 |
| 4.75%, due 4/1/29 | 5,000,000 | 4,856,584 |
| STL Holding Co. LLC | ||
| 8.75%, due 2/15/29 (a) | 12,500,000 | 12,966,550 |
| Winnebago Industries, Inc. | ||
| 6.25%, due 7/15/28 (a) | 8,887,000 | 8,875,891 |
| 111,252,170 | ||
| Home Furnishings 0.1% | ||
| Whirlpool Corp. (a) | ||
| 7.50%, due 7/1/31 | 2,935,000 | 2,916,675 |
| 7.875%, due 7/1/34 | 3,195,000 | 3,020,550 |
| 5,937,225 | ||
| Housewares 1.1% | ||
| Central Garden & Pet Co. | ||
| 4.125%, due 10/15/30 | 14,620,000 | 13,812,555 |
| 4.125%, due 4/30/31 (a) | 11,875,000 | 11,069,925 |
| Newell Brands, Inc. | ||
| 6.375%, due 5/15/30 | 19,735,000 | 19,951,705 |
| 6.625%, due 5/15/32 | 8,000,000 | 8,093,784 |
| 8.50%, due 6/1/28 (a) | 11,300,000 | 11,794,203 |
| Scotts Miracle-Gro Co. (The) | ||
| 4.00%, due 4/1/31 | 18,636,000 | 17,318,108 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Housewares | ||
| Scotts Miracle-Gro Co. (The) | ||
| 4.375%, due 2/1/32 | $ 15,290,000 | $ 14,140,466 |
| 4.50%, due 10/15/29 | 22,500,000 | 22,059,520 |
| 118,240,266 | ||
| Insurance 1.0% | ||
| Asurion LLC (a) | ||
| 8.00%, due 12/31/32 | 22,255,000 | 22,513,737 |
| 8.375%, due 2/1/34 | 11,825,000 | 10,773,847 |
| CRC Insurance Group LLC | ||
| 7.125%, due 6/1/31 (a) | 8,300,000 | 8,284,369 |
| HUB International Ltd. | ||
| 7.25%, due 6/15/30 (a) | 8,500,000 | 8,752,187 |
| MGIC Investment Corp. | ||
| 5.25%, due 8/15/28 | 23,857,000 | 23,819,441 |
| NMI Holdings, Inc. | ||
| 6.00%, due 8/15/29 | 5,000,000 | 5,072,550 |
| Ryan Specialty LLC | ||
| 5.875%, due 8/1/32 (a) | 12,440,000 | 12,268,883 |
| USI, Inc. | ||
| 7.50%, due 1/15/32 (a) | 10,000,000 | 10,205,910 |
| 101,690,924 | ||
| Internet 0.5% | ||
| Cogent Communications Group LLC | ||
| 7.00%, due 6/15/27 (a) | 2,245,000 | 2,213,164 |
| Gen Digital, Inc. (a) | ||
| 6.25%, due 4/1/33 | 3,000,000 | 2,953,199 |
| 6.75%, due 9/30/27 | 10,000,000 | 10,015,390 |
| 7.125%, due 9/30/30 | 8,000,000 | 8,121,560 |
| Go Daddy Operating Co. LLC (a) | ||
| 3.50%, due 3/1/29 | 6,000,000 | 5,613,859 |
| 5.25%, due 12/1/27 | 3,000,000 | 2,994,992 |
| Match Group Holdings II LLC | ||
| 6.125%, due 9/15/33 (a) | 5,000,000 | 4,868,215 |
| Photo Holdings LLC | ||
| 12.00%, due 7/1/31 (a) | 20,075,000 | 20,681,351 |
| 57,461,730 | ||
| Investment Companies 0.4% | ||
| Ares Capital Corp. | ||
| 5.50%, due 9/1/30 | 5,000,000 | 4,908,933 |
| Compass Group Diversified Holdings LLC | ||
| 5.25%, due 4/15/29 (a) | 18,042,774 | 17,181,013 |
| FS KKR Capital Corp. | ||
| 7.50%, due 8/1/31 | 15,705,000 | 15,731,626 |
| 37,821,572 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Iron & Steel 1.1% | ||
| Commercial Metals Co. (a) | ||
| 5.75%, due 11/15/33 | $ 9,235,000 | $ 9,070,366 |
| 6.00%, due 12/15/35 | 8,425,000 | 8,279,255 |
| Hybar LLC | ||
| 7.375%, due 7/1/34 (a) | 8,435,000 | 8,466,665 |
| Mineral Resources Ltd. (a) | ||
| 6.00%, due 5/1/32 | 10,915,000 | 10,714,542 |
| 6.25%, due 5/1/34 | 8,215,000 | 8,006,823 |
| 7.00%, due 4/1/31 | 29,150,000 | 29,997,330 |
| 8.50%, due 5/1/30 | 22,229,000 | 22,921,278 |
| 9.25%, due 10/1/28 | 18,977,000 | 19,518,647 |
| 116,974,906 | ||
| Leisure Time 0.5% | ||
| Boyne USA, Inc. | ||
| 4.75%, due 5/15/29 (a) | 20,480,000 | 19,902,390 |
| Carnival Corp. Ltd. (a) | ||
| 5.75%, due 8/1/32 | 18,330,000 | 18,161,068 |
| 7.00%, due 8/15/29 | 5,000,000 | 5,175,520 |
| MajorDrive Holdings IV LLC | ||
| 6.375%, due 6/1/29 (a) | 15,905,000 | 13,006,039 |
| 56,245,017 | ||
| Lodging 2.5% | ||
| Boyd Gaming Corp. | ||
| 4.75%, due 12/1/27 | 36,340,000 | 36,146,435 |
| 4.75%, due 6/15/31 (a) | 48,375,000 | 46,192,615 |
| Hilton Domestic Operating Co., Inc. | ||
| 4.00%, due 5/1/31 (a) | 38,340,000 | 35,978,383 |
| 4.875%, due 1/15/30 | 41,960,000 | 41,365,456 |
| 5.50%, due 9/15/31 (a) | 21,800,000 | 21,599,392 |
| 5.50%, due 3/31/34 (a) | 6,650,000 | 6,514,319 |
| 5.75%, due 9/15/33 (a) | 12,425,000 | 12,311,895 |
| 5.875%, due 3/15/33 (a) | 30,000,000 | 29,991,415 |
| Travel + Leisure Co. | ||
| 6.25%, due 6/1/31 (a) | 8,440,000 | 8,452,981 |
| Wyndham Hotels & Resorts, Inc. | ||
| 5.625%, due 3/1/33 (a) | 11,910,000 | 11,591,140 |
| Wynn Macau Ltd. | ||
| 6.75%, due 2/15/34 (a) | 5,000,000 | 4,915,203 |
| 255,059,234 | ||
| Machinery—Construction & Mining 0.2% | ||
| Solaris Energy Infrastructure LLC | ||
| 6.375%, due 5/15/31 (a) | 5,750,000 | 5,648,347 |
| Vertiv Group Corp. | ||
| 4.125%, due 11/15/28 (a) | 12,611,000 | 12,463,737 |
| 18,112,084 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Machinery-Diversified 0.6% | ||
| Briggs & Stratton Corp. Escrow Claim Shares | ||
| 6.875%, due 12/15/20 (d)(h)(j) | $ 9,200,000 | $ — |
| Columbus McKinnon Corp. | ||
| 7.125%, due 2/1/33 (a) | 15,365,000 | 15,480,238 |
| Esab Corp. | ||
| 5.625%, due 4/1/31 (a) | 8,890,000 | 8,782,518 |
| Maxim Crane Works Holdings Capital LLC | ||
| 11.50%, due 9/1/28 (a) | 15,750,000 | 16,341,916 |
| Regal Rexnord Corp. | ||
| 6.05%, due 4/15/28 | 4,000,000 | 4,074,837 |
| 6.30%, due 2/15/30 | 4,000,000 | 4,135,413 |
| 6.40%, due 4/15/33 | 4,000,000 | 4,171,071 |
| TK Elevator U.S. Newco, Inc. | ||
| 5.25%, due 7/15/27 (a) | 9,287,000 | 9,285,831 |
| 62,271,824 | ||
| Media 6.3% | ||
| Block Communications, Inc. | ||
| 10.25%, due 3/1/31 (a) | 7,900,000 | 6,864,085 |
| Cable One, Inc. | ||
| 4.00%, due 11/15/30 (a) | 15,650,000 | 5,818,589 |
| CCO Holdings LLC | ||
| 4.25%, due 2/1/31 (a) | 23,590,000 | 20,880,200 |
| 4.25%, due 1/15/34 (a) | 11,000,000 | 8,981,366 |
| 4.50%, due 8/15/30 (a) | 16,000,000 | 14,598,437 |
| 4.50%, due 5/1/32 | 63,345,000 | 54,627,879 |
| 4.75%, due 3/1/30 (a) | 31,835,000 | 29,744,255 |
| 5.00%, due 2/1/28 (a) | 24,000,000 | 23,693,755 |
| 5.125%, due 5/1/27 (a) | 9,846,000 | 9,825,578 |
| 5.375%, due 6/1/29 (a) | 12,495,000 | 12,134,702 |
| 7.00%, due 2/1/33 (a) | 2,300,000 | 2,204,160 |
| CSC Holdings LLC (a) | ||
| 5.50%, due 4/15/27 | 17,800,000 | 11,022,851 |
| 5.75%, due 1/15/30 | 24,265,000 | 5,216,975 |
| 6.50%, due 2/1/29 | 14,380,000 | 8,141,615 |
| 7.50%, due 4/1/28 | 11,650,000 | 2,695,790 |
| 11.75%, due 1/31/29 | 14,450,000 | 8,271,272 |
| Directv Financing LLC (a) | ||
| 5.875%, due 8/15/27 | 2,308,000 | 2,302,550 |
| 8.875%, due 2/1/30 | 6,000,000 | 6,108,774 |
| 9.25%, due 6/1/32 | 7,370,000 | 7,541,610 |
| Discovery Communications LLC | ||
| 3.625%, due 5/15/30 | 9,540,000 | 8,824,500 |
| 4.125%, due 5/15/29 | 18,000,000 | 17,685,000 |
| Discovery Global Holdings, Inc. | ||
| 4.279%, due 3/15/32 | 20,745,000 | 18,433,385 |
| 5.05%, due 3/15/42 | 16,500,000 | 11,467,500 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Media | ||
| EchoStar Corp. | ||
| 6.75% (6.75% PIK), due 11/30/30 (b) | $ 35,086,250 | $ 35,584,475 |
| 10.75%, due 11/30/29 | 22,605,000 | 24,451,887 |
| Gray Media, Inc. (a) | ||
| 4.75%, due 10/15/30 | 6,500,000 | 5,023,249 |
| 7.25%, due 8/15/33 | 6,500,000 | 6,428,895 |
| 9.625%, due 7/15/32 | 9,445,000 | 9,546,505 |
| 10.50%, due 7/15/29 | 9,404,000 | 9,917,082 |
| iHeartCommunications, Inc. | ||
| 9.125%, due 5/1/29 (a) | 3,000,000 | 2,780,235 |
| LCPR Senior Secured Financing DAC (a) | ||
| 5.125%, due 7/15/29 | 9,500,000 | 5,227,184 |
| 6.75%, due 10/15/27 | 27,827,000 | 15,694,985 |
| News Corp. (a) | ||
| 3.875%, due 5/15/29 | 14,605,000 | 14,072,075 |
| 5.125%, due 2/15/32 | 8,700,000 | 8,378,566 |
| Nexstar Media, Inc. (a) | ||
| 6.50%, due 9/15/33 | 24,060,000 | 23,936,686 |
| 7.25%, due 4/15/34 | 13,500,000 | 13,530,253 |
| Paramount Global | ||
| 4.20%, due 6/1/29 | 5,000,000 | 4,747,930 |
| 4.20%, due 5/19/32 | 3,970,000 | 3,375,731 |
| 4.375%, due 3/15/43 | 5,000,000 | 3,056,989 |
| 4.95%, due 1/15/31 | 14,000,000 | 12,829,626 |
| 5.85%, due 9/1/43 | 7,000,000 | 4,962,249 |
| 6.875%, due 4/30/36 | 7,785,000 | 7,115,769 |
| Sinclair Television Group, Inc. | ||
| 8.125%, due 2/15/33 (a) | 22,700,000 | 23,278,260 |
| Sirius XM Radio LLC (a) | ||
| 5.00%, due 8/1/27 | 7,853,000 | 7,841,625 |
| 5.50%, due 7/1/29 | 6,140,000 | 6,112,005 |
| 5.875%, due 4/15/32 | 10,300,000 | 10,107,141 |
| Univision Communications, Inc. (a) | ||
| 8.50%, due 7/31/31 | 3,500,000 | 3,492,252 |
| 8.875%, due 4/15/33 | 11,150,000 | 10,795,704 |
| 9.375%, due 8/1/32 | 17,250,000 | 17,229,890 |
| Versant Media Group, Inc. | ||
| 7.25%, due 1/30/31 (a) | 31,635,000 | 32,610,592 |
| Virgin Media Finance plc | ||
| 5.00%, due 7/15/30 (a) | 14,820,000 | 9,119,191 |
| Virgin Media Secured Finance plc | ||
| 5.50%, due 5/15/29 (a) | 14,070,000 | 12,631,506 |
| VZ Secured Financing BV | ||
| 5.00%, due 1/15/32 (a) | 3,390,000 | 2,779,811 |
| Ziggo BV | ||
| 4.875%, due 1/15/30 (a) | 17,000,000 | 15,309,194 |
| 659,052,370 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Metal Fabricate & Hardware 0.2% | ||
| Advanced Drainage Systems, Inc. | ||
| 6.375%, due 6/15/30 (a) | $ 12,615,000 | $ 12,710,609 |
| Park-Ohio Industries, Inc. | ||
| 8.50%, due 8/1/30 (a) | 5,000,000 | 5,224,425 |
| Vallourec SACA | ||
| 7.50%, due 4/15/32 (a) | 4,500,000 | 4,698,725 |
| 22,633,759 | ||
| Mining 2.4% | ||
| Alcoa Nederland Holding BV | ||
| 7.125%, due 3/15/31 (a) | 18,500,000 | 19,034,243 |
| Alumina Pty. Ltd. (a) | ||
| 6.125%, due 3/15/30 | 10,000,000 | 10,083,200 |
| 6.375%, due 9/15/32 | 15,020,000 | 15,117,825 |
| Arcosa, Inc. | ||
| 6.875%, due 8/15/32 (a) | 21,360,000 | 22,024,360 |
| Century Aluminum Co. | ||
| 6.875%, due 8/1/32 (a) | 21,640,000 | 21,975,463 |
| Compass Minerals International, Inc. | ||
| 8.00%, due 7/1/30 (a) | 14,235,000 | 14,869,995 |
| Eldorado Gold Corp. | ||
| 6.25%, due 9/1/29 (a) | 25,075,000 | 25,047,483 |
| First Quantum Minerals Ltd. (a) | ||
| 6.375%, due 2/15/36 | 9,000,000 | 8,708,807 |
| 7.25%, due 2/15/34 | 10,425,000 | 10,619,385 |
| 8.625%, due 6/1/31 | 8,500,000 | 8,842,754 |
| IAMGOLD Corp. | ||
| 5.75%, due 10/15/28 (a) | 40,085,000 | 39,989,253 |
| PLS Group Ltd. | ||
| 6.875%, due 5/1/31 (a) | 19,865,000 | 20,134,693 |
| Skeena Resources Ltd. | ||
| 8.50%, due 4/1/31 (a) | 28,170,000 | 29,411,379 |
| 245,858,840 | ||
| Miscellaneous—Manufacturing 0.9% | ||
| Amsted Industries, Inc. (a) | ||
| 4.625%, due 5/15/30 | 12,090,000 | 11,693,063 |
| 6.375%, due 3/15/33 | 9,790,000 | 9,873,763 |
| Avient Corp. | ||
| 7.125%, due 8/1/30 (a) | 9,745,000 | 9,889,431 |
| Calderys Financing II LLC | ||
| 11.75% (11.75% Cash or 12.50% PIK), due 6/1/28 (a)(b) | 26,359,375 | 26,865,976 |
| Calderys Financing LLC | ||
| 11.25%, due 6/1/28 (a) | 13,900,000 | 14,393,547 |
| Enpro, Inc. | ||
| 6.125%, due 6/1/33 (a) | 5,500,000 | 5,509,933 |
| LSB Industries, Inc. | ||
| 6.25%, due 10/15/28 (a) | 1,510,000 | 1,506,738 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Miscellaneous—Manufacturing | ||
| Trinity Industries, Inc. | ||
| 7.75%, due 7/15/28 (a) | $ 15,000,000 | $ 15,308,415 |
| 95,040,866 | ||
| Oil & Gas 4.9% | ||
| Ascent Resources Utica Holdings LLC (a) | ||
| 6.625%, due 10/15/32 | 7,250,000 | 7,288,534 |
| 9.00%, due 11/1/27 | 11,295,000 | 11,975,516 |
| Caturus Energy LLC | ||
| 7.125%, due 5/15/31 (a) | 10,300,000 | 10,210,569 |
| Chord Energy Corp. | ||
| 6.00%, due 10/1/30 (a) | 14,500,000 | 14,548,575 |
| Comstock Resources, Inc. (a) | ||
| 6.75%, due 3/1/29 | 16,520,000 | 16,269,535 |
| 6.75%, due 3/1/29 | 14,000,000 | 13,753,566 |
| Constellation Oil Services Holding SA | ||
| 7.70%, due 8/3/33 (a) | 11,510,000 | 11,584,815 |
| Crescent Energy Finance LLC (a) | ||
| 7.625%, due 4/1/32 | 3,520,000 | 3,557,129 |
| 7.875%, due 4/15/32 | 9,150,000 | 9,318,159 |
| Eldorado Drilling Bondco Ltd. | ||
| Series Reg S | ||
| 9.125%, due 6/24/30 (a) | 3,925,000 | 3,909,165 |
| Gulfport Energy Operating Corp. | ||
| 6.75%, due 9/1/29 (a) | 13,955,000 | 14,126,228 |
| Hilcorp Energy I LP (a) | ||
| 5.75%, due 2/1/29 | 6,000,000 | 5,988,263 |
| 6.00%, due 2/1/31 | 9,045,000 | 8,817,074 |
| Magnolia Oil & Gas Operating LLC | ||
| 6.625%, due 8/15/34 (a) | 8,500,000 | 8,502,869 |
| Matador Resources Co. (a) | ||
| 6.00%, due 4/15/34 | 6,500,000 | 6,286,706 |
| 6.25%, due 4/15/33 | 14,680,000 | 14,444,893 |
| 6.50%, due 4/15/32 | 10,000,000 | 9,981,292 |
| Moss Creek Resources Holdings, Inc. | ||
| 8.25%, due 9/1/31 (a) | 5,780,000 | 5,793,404 |
| Murphy Oil Corp. | ||
| 6.00%, due 10/1/32 | 8,750,000 | 8,665,168 |
| 6.50%, due 2/15/34 | 10,000,000 | 9,888,425 |
| Noble Finance II LLC (a) | ||
| 6.25%, due 6/15/34 | 19,695,000 | 19,125,230 |
| 8.00%, due 4/15/30 | 27,892,000 | 28,834,365 |
| PBF Holding Co. LLC (a) | ||
| 7.25%, due 6/1/34 | 6,000,000 | 6,093,312 |
| 9.875%, due 3/15/30 | 11,300,000 | 12,106,583 |
| Permian Resources Operating LLC | ||
| 5.875%, due 7/1/29 (a) | 5,000,000 | 5,001,872 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Oil & Gas | ||
| Range Resources Corp. | ||
| 4.75%, due 2/15/30 (a) | $ 5,000,000 | $ 4,867,581 |
| SM Energy Co. | ||
| 6.625%, due 1/15/27 | 5,150,000 | 5,159,316 |
| 6.75%, due 8/1/29 (a) | 12,750,000 | 12,934,990 |
| 7.00%, due 8/1/32 (a) | 5,000,000 | 5,079,880 |
| Sunoco LP (a) | ||
| 4.50%, due 10/1/29 | 23,035,000 | 22,310,768 |
| 4.625%, due 5/1/30 | 15,195,000 | 14,630,823 |
| 5.375%, due 7/15/31 | 8,405,000 | 8,244,500 |
| 5.875%, due 7/15/27 | 16,025,000 | 16,028,715 |
| Talos Production, Inc. (a) | ||
| 8.00%, due 7/15/34 | 20,835,000 | 21,039,504 |
| 9.375%, due 2/1/31 | 26,745,000 | 28,197,788 |
| TGNR Intermediate Holdings LLC | ||
| 5.50%, due 10/15/29 (a) | 37,000,000 | 36,200,615 |
| Transocean Aquila Ltd. | ||
| 8.00%, due 9/30/28 (a) | 7,384,615 | 7,541,095 |
| Transocean International Ltd. (a) | ||
| 8.25%, due 5/15/29 | 6,000,000 | 6,186,966 |
| 8.75%, due 2/15/30 | 33,477,500 | 34,771,640 |
| Wildfire Intermediate Holdings LLC | ||
| 7.50%, due 10/15/29 (a) | 14,300,000 | 14,731,831 |
| 503,997,259 | ||
| Oil & Gas Services 1.1% | ||
| Archrock Services LP | ||
| 6.00%, due 2/1/34 (a) | 8,250,000 | 8,073,946 |
| Bristow Group, Inc. | ||
| 6.75%, due 2/1/33 (a) | 19,470,000 | 19,492,332 |
| Kodiak Gas Services LLC (a) | ||
| 5.875%, due 4/1/31 | 12,570,000 | 12,428,733 |
| 6.75%, due 10/1/35 | 7,750,000 | 7,808,861 |
| Oceaneering International, Inc. | ||
| 6.875%, due 7/15/34 (a) | 10,680,000 | 10,927,915 |
| SESI LLC | ||
| 7.875%, due 9/30/30 (a) | 26,570,000 | 26,884,212 |
| Tidewater, Inc. | ||
| 9.125%, due 7/15/30 (a) | 23,075,000 | 24,660,926 |
| 110,276,925 | ||
| Packaging & Containers 0.2% | ||
| Canpack Group, Inc. | ||
| 6.00%, due 5/15/31 (a) | 10,380,000 | 10,323,201 |
| Cascades USA, Inc. | ||
| 5.375%, due 1/15/28 (a) | 10,000,000 | 9,946,088 |
| 20,269,289 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Pharmaceuticals 2.3% | ||
| 1261229 B.C. Ltd. | ||
| 10.00%, due 4/15/32 (a) | $ 26,213,000 | $ 26,796,187 |
| Bausch Health Cos., Inc. | ||
| 11.00%, due 9/30/28 (a) | 10,612,000 | 10,842,387 |
| BellRing Brands, Inc. | ||
| 7.00%, due 3/15/30 (a) | 21,231,000 | 20,986,841 |
| Endo Finance Holdings LP | ||
| 8.50%, due 4/15/31 (a) | 22,020,000 | 23,189,702 |
| HLF Financing Sarl LLC | ||
| 7.75%, due 5/1/33 (a) | 7,865,000 | 7,914,848 |
| Jazz Securities DAC | ||
| 4.375%, due 1/15/29 (a) | 59,385,000 | 58,136,353 |
| Organon & Co. (a) | ||
| 4.125%, due 4/30/28 | 35,525,000 | 34,960,664 |
| 5.125%, due 4/30/31 | 53,450,000 | 52,902,603 |
| 235,729,585 | ||
| Pipelines 4.4% | ||
| Antero Midstream Partners LP | ||
| 5.75%, due 1/15/28 (a) | 14,995,000 | 14,983,499 |
| Buckeye Partners LP (a) | ||
| 6.75%, due 2/1/30 | 7,500,000 | 7,683,825 |
| 6.875%, due 7/1/29 | 17,708,000 | 18,110,467 |
| Energy Transfer LP | ||
| 4.40%, due 3/15/27 | 7,000,000 | 6,998,928 |
| 4.95%, due 5/15/28 | 9,000,000 | 9,028,148 |
| Excelerate Energy LP | ||
| 8.00%, due 5/15/30 (a) | 27,025,000 | 28,313,633 |
| Global Partners LP | ||
| 7.125%, due 7/1/33 (a) | 1,585,000 | 1,605,090 |
| Harvest Midstream I LP (a) | ||
| 6.75%, due 5/15/34 | 16,990,000 | 17,057,637 |
| 7.50%, due 5/15/32 | 3,000,000 | 3,075,858 |
| Hess Midstream Operations LP (a) | ||
| 5.50%, due 10/15/30 | 11,450,000 | 11,409,311 |
| 5.875%, due 3/1/28 | 10,000,000 | 10,050,780 |
| 6.50%, due 6/1/29 | 7,500,000 | 7,627,245 |
| ITT Holdings LLC | ||
| 6.50%, due 8/1/29 (a) | 27,870,000 | 27,556,836 |
| Plains All American Pipeline LP | ||
| Series B | ||
| 8.023% (3 Month SOFR + 4.372%), due 11/15/2174 (g)(i) | 45,303,000 | 45,280,815 |
| Prairie Acquiror LP | ||
| 9.00%, due 8/1/29 (a) | 21,250,000 | 21,919,779 |
| Rockies Express Pipeline LLC (a) | ||
| 4.80%, due 5/15/30 | 2,500,000 | 2,434,419 |
| 4.95%, due 7/15/29 | 6,525,000 | 6,436,070 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Pipelines | ||
| South Bow Canadian Infrastructure Holdings Ltd. | ||
| 7.625% (5 Year Treasury Constant Maturity Rate + 3.949%), due 3/1/55 (g) | $ 10,000,000 | $ 10,400,250 |
| Tallgrass Energy Partners LP (a) | ||
| 5.50%, due 1/15/28 | 14,500,000 | 14,482,868 |
| 6.75%, due 3/15/34 | 10,950,000 | 11,018,021 |
| 7.375%, due 2/15/29 | 27,400,000 | 28,022,884 |
| TransMontaigne Partners LLC | ||
| 8.50%, due 6/15/30 (a) | 13,490,000 | 13,763,348 |
| Venture Global Calcasieu Pass LLC | ||
| 6.00%, due 5/1/36 (a) | 3,500,000 | 3,459,117 |
| Venture Global LNG, Inc. (a) | ||
| 6.375%, due 12/15/34 | 14,870,000 | 14,482,164 |
| 6.625%, due 6/15/36 | 12,775,000 | 12,520,309 |
| 7.00%, due 1/15/30 | 10,000,000 | 10,159,060 |
| 8.375%, due 6/1/31 | 26,100,000 | 26,982,131 |
| 9.50%, due 2/1/29 | 16,865,000 | 18,052,633 |
| Venture Global Plaquemines LNG LLC (a) | ||
| 6.125%, due 12/15/30 | 5,560,000 | 5,648,085 |
| 6.50%, due 1/15/34 | 19,815,000 | 20,446,326 |
| 6.50%, due 6/15/34 | 8,500,000 | 8,766,313 |
| 6.75%, due 1/15/36 | 9,495,000 | 9,938,379 |
| 7.50%, due 5/1/33 | 1,500,000 | 1,627,529 |
| Western Midstream Operating LP | ||
| 4.75%, due 8/15/28 | 10,000,000 | 9,990,690 |
| 459,332,447 | ||
| Real Estate Investment Trusts 1.6% | ||
| Blackstone Mortgage Trust, Inc. (a) | ||
| 6.25%, due 6/1/31 | 12,850,000 | 12,286,093 |
| 7.75%, due 12/1/29 | 12,200,000 | 12,607,651 |
| CTR Partnership LP | ||
| 3.875%, due 6/30/28 (a) | 4,625,000 | 4,503,394 |
| Millrose Properties, Inc. (a) | ||
| 6.25%, due 9/15/32 | 9,115,000 | 9,107,291 |
| 6.375%, due 8/1/30 | 18,415,000 | 18,551,142 |
| MPT Operating Partnership LP | ||
| 4.625%, due 8/1/29 | 1,000,000 | 801,371 |
| 5.00%, due 10/15/27 | 9,990,000 | 9,693,485 |
| 8.50%, due 2/15/32 (a) | 13,250,000 | 13,466,107 |
| RHP Hotel Properties LP (a) | ||
| 4.50%, due 2/15/29 | 10,000,000 | 9,768,943 |
| 5.75%, due 3/15/34 | 13,605,000 | 13,323,095 |
| 6.50%, due 4/1/32 | 11,000,000 | 11,186,197 |
| 6.50%, due 6/15/33 | 10,460,000 | 10,642,603 |
| 7.25%, due 7/15/28 | 8,660,000 | 8,819,734 |
| Starwood Property Trust, Inc. (a) | ||
| 5.75%, due 1/15/31 | 13,600,000 | 13,393,698 |
| 6.125%, due 6/1/31 | 6,000,000 | 5,985,794 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Real Estate Investment Trusts | ||
| Vornado Realty LP | ||
| 5.75%, due 2/1/33 | $ 15,215,000 | $ 15,086,122 |
| 169,222,720 | ||
| Retail 4.9% | ||
| 1011778 B.C. Unlimited Liability Co. (a) | ||
| 3.875%, due 1/15/28 | 17,085,000 | 16,740,180 |
| 4.00%, due 10/15/30 | 55,052,000 | 51,726,930 |
| 5.625%, due 9/15/29 | 11,000,000 | 10,972,344 |
| 6.125%, due 6/15/29 | 19,500,000 | 19,703,294 |
| Academy Ltd. | ||
| 5.875%, due 5/15/31 (a) | 6,330,000 | 6,261,702 |
| Asbury Automotive Group, Inc. | ||
| 4.50%, due 3/1/28 | 21,187,000 | 20,954,208 |
| 4.75%, due 3/1/30 | 18,525,000 | 17,967,957 |
| 5.00%, due 2/15/32 (a) | 14,110,000 | 13,443,848 |
| Cougar JV Subsidiary LLC | ||
| 8.00%, due 5/15/32 (a) | 7,250,000 | 7,582,884 |
| Group 1 Automotive, Inc. (a) | ||
| 4.00%, due 8/15/28 | 7,000,000 | 6,755,494 |
| 6.375%, due 1/15/30 | 5,035,000 | 5,058,181 |
| Ken Garff Automotive LLC | ||
| 4.875%, due 9/15/28 (a) | 31,855,000 | 31,511,600 |
| KFC Holding Co. | ||
| 4.75%, due 6/1/27 (a) | 18,287,000 | 18,214,783 |
| LCM Investments Holdings II LLC (a) | ||
| 4.875%, due 5/1/29 | 45,000,000 | 43,895,146 |
| 8.25%, due 8/1/31 | 17,300,000 | 18,023,763 |
| Murphy Oil USA, Inc. | ||
| 4.75%, due 9/15/29 | 7,500,000 | 7,366,686 |
| 5.875%, due 6/1/34 (a) | 14,765,000 | 14,629,079 |
| Papa John's International, Inc. | ||
| 3.875%, due 9/15/29 (a) | 20,634,000 | 19,293,605 |
| PetSmart LLC | ||
| 7.50%, due 9/15/32 (a) | 7,000,000 | 7,072,856 |
| QXO Building Products, Inc. (a) | ||
| 6.50%, due 7/15/31 | 8,945,000 | 8,981,269 |
| 6.75%, due 4/30/32 | 27,300,000 | 27,880,407 |
| 6.875%, due 7/15/34 | 5,280,000 | 5,287,888 |
| Sonic Automotive, Inc. | ||
| 4.875%, due 11/15/31 (a) | 13,120,000 | 12,531,585 |
| Yum! Brands, Inc. | ||
| 3.625%, due 3/15/31 | 37,870,000 | 34,947,099 |
| 4.625%, due 1/31/32 | 46,500,000 | 44,175,458 |
| 4.75%, due 1/15/30 (a) | 12,050,000 | 11,787,722 |
| 5.375%, due 4/1/32 | 30,000,000 | 29,599,482 |
| 512,365,450 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Semiconductors 0.1% | ||
| Amkor Technology, Inc. | ||
| 5.875%, due 10/1/33 (a) | $ 15,200,000 | $ 14,785,207 |
| Software 3.5% | ||
| Cloud Software Group LLC (a) | ||
| 6.50%, due 3/31/29 | 36,355,000 | 35,524,765 |
| 6.625%, due 8/15/33 | 5,000,000 | 4,359,250 |
| 8.25%, due 6/30/32 | 6,000,000 | 5,675,926 |
| 9.00%, due 9/30/29 | 20,180,000 | 19,771,389 |
| Fair Isaac Corp. (a) | ||
| 6.00%, due 5/15/33 | 18,300,000 | 17,711,782 |
| 6.25%, due 9/15/34 | 8,950,000 | 8,646,165 |
| MSCI, Inc. (a) | ||
| 3.625%, due 9/1/30 | 5,000,000 | 4,691,730 |
| 3.875%, due 2/15/31 | 4,000,000 | 3,752,864 |
| OAK-Eagle AcquireCo, Inc. (a) | ||
| 7.25%, due 7/1/33 | 31,500,000 | 32,639,449 |
| 8.75%, due 7/1/34 | 24,000,000 | 25,283,688 |
| Open Text Corp. (a) | ||
| 3.875%, due 2/15/28 | 20,685,000 | 20,166,154 |
| 6.90%, due 12/1/27 | 11,340,000 | 11,567,276 |
| Open Text Holdings, Inc. (a) | ||
| 4.125%, due 2/15/30 | 34,897,000 | 32,193,905 |
| 4.125%, due 12/1/31 | 10,000,000 | 8,823,693 |
| PTC, Inc. | ||
| 4.00%, due 2/15/28 (a) | 36,369,000 | 35,562,692 |
| SS&C Technologies, Inc. (a) | ||
| 5.50%, due 9/30/27 | 27,745,000 | 27,706,820 |
| 6.50%, due 6/1/32 | 22,350,000 | 22,515,368 |
| UKG, Inc. | ||
| 6.875%, due 2/1/31 (a) | 44,500,000 | 43,599,453 |
| 360,192,369 | ||
| Telecommunications 4.8% | ||
| APLD ComputeCo 2 LLC | ||
| 6.75%, due 3/15/31 (a) | 28,900,000 | 28,249,998 |
| APLD ComputeCo LLC | ||
| 9.25%, due 12/15/30 (a) | 23,960,000 | 25,463,634 |
| Beacon Point DC LLC | ||
| 6.129%, due 11/30/42 (a) | 5,270,000 | 5,056,724 |
| Bell Canada (g) | ||
| 6.875% (5 Year Treasury Constant Maturity Rate + 2.39%), due 9/15/55 | 13,750,000 | 13,864,510 |
| 7.00% (5 Year Treasury Constant Maturity Rate + 2.363%), due 9/15/55 | 10,000,000 | 10,079,600 |
| Black Pearl Compute LLC | ||
| 6.125%, due 2/15/31 (a) | 16,060,000 | 16,033,083 |
| Cipher Compute LLC | ||
| 7.125%, due 11/15/30 (a) | 40,305,000 | 41,111,543 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Telecommunications | ||
| Connect Finco SARL | ||
| 9.00%, due 9/15/29 (a) | $ 13,000,000 | $ 13,636,734 |
| Core Scientific Finance I LLC | ||
| 7.75%, due 5/15/31 (a) | 55,520,000 | 54,366,587 |
| Flash Compute LLC | ||
| 7.25%, due 12/31/30 (a) | 18,265,000 | 18,444,406 |
| Galaxy Helios Data Centers II LLC | ||
| 9.875%, due 8/1/31 (a) | 14,515,000 | 14,554,483 |
| Iliad Holding SAS (a) | ||
| 7.00%, due 4/15/32 | 12,530,000 | 12,638,309 |
| 8.50%, due 4/15/31 | 10,000,000 | 10,519,010 |
| PR RNO Property Owner 1 LLC | ||
| 6.50%, due 5/1/31 (a) | 36,795,000 | 34,646,874 |
| Rogers Communications, Inc. (g) | ||
| 6.875% (5 Year Treasury Constant Maturity Rate + 2.84%), due 7/31/56 | 9,000,000 | 9,003,672 |
| Series NC5 | ||
| 7.00% (5 Year Treasury Constant Maturity Rate + 2.653%), due 4/15/55 | 23,295,000 | 23,434,793 |
| 7.125% (5 Year Treasury Constant Maturity Rate + 2.62%), due 4/15/55 | 17,175,000 | 17,333,902 |
| Sprint Capital Corp. | ||
| 6.875%, due 11/15/28 | 14,385,000 | 15,014,530 |
| SV RNO Property Owner 1 LLC | ||
| 5.875%, due 3/1/31 (a) | 23,975,000 | 22,263,082 |
| TELUS Corp. (g) | ||
| 6.375% (5 Year Treasury Constant Maturity Rate + 2.694%), due 6/9/56 | 11,070,000 | 10,928,249 |
| 6.625% (5 Year Treasury Constant Maturity Rate + 2.769%), due 10/15/55 | 13,500,000 | 13,456,068 |
| 6.625% (5 Year Treasury Constant Maturity Rate + 2.515%), due 6/9/56 | 5,190,000 | 5,068,916 |
| Uniti Group LP (a) | ||
| 4.75%, due 4/15/28 | 10,520,000 | 10,480,104 |
| 6.50%, due 2/15/29 | 14,085,000 | 13,891,510 |
| VMED O2 UK Financing I plc (a) | ||
| 6.75%, due 1/15/33 | 3,200,000 | 2,561,837 |
| 7.75%, due 4/15/32 | 7,500,000 | 6,307,518 |
| Windstream Services LLC | ||
| 8.25%, due 10/1/31 (a) | 24,020,000 | 25,005,517 |
| WULF Compute LLC | ||
| 7.75%, due 10/15/30 (a) | 24,655,000 | 25,615,731 |
| 499,030,924 | ||
| Toys, Games & Hobbies 0.1% | ||
| Mattel, Inc. | ||
| 5.875%, due 12/15/27 (a) | 7,000,000 | 6,999,503 |
| Transportation 1.3% | ||
| Clue Opco LLC | ||
| 9.50%, due 10/15/31 (a) | 12,830,000 | 12,461,298 |
| Seaspan Corp. Pte. Ltd. | ||
| 5.50%, due 8/1/29 (a) | 23,750,000 | 23,072,001 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Transportation | ||
| Star Leasing Co. LLC | ||
| 7.625%, due 2/15/30 (a) | $ 51,660,000 | $ 50,288,034 |
| Watco Cos. LLC | ||
| 7.125%, due 8/1/32 (a) | 48,500,000 | 49,702,461 |
| 135,523,794 | ||
| Total Corporate Bonds (Cost $9,240,297,413) | 9,096,665,791 | |
| Foreign Government Bond 0.1% | ||
| France 0.1% | ||
| Electricite de France SA | ||
| 9.125% (5 Year Treasury Constant Maturity Rate + 5.411%), due 3/15/33 (a)(g)(i) | 5,325,000 | 6,165,945 |
| Total Foreign Government Bond (Cost $6,093,440) | 6,165,945 | |
| Loan Assignments 5.4% | ||
| Aerospace & Defense 0.0% ‡ | ||
| Chromalloy Corp. | ||
| First Lien Term Loan | ||
| 6.484% (3 Month SOFR + 2.75%), due 3/27/31 (g) | 3,301,127 | 3,306,904 |
| Automobile 0.2% | ||
| Tenneco, Inc. | ||
| First Lien Term Loan B 8.742% - 8.832% | ||
| (3 Month SOFR + 5.00%), due 11/17/28 (g) | 21,050,000 | 21,034,654 |
| Beverage, Food & Tobacco 0.2% | ||
| B&G Foods, Inc. | ||
| First Lien Tranche Term Loan B5 | ||
| 7.231% (1 Month SOFR + 3.50%), due 10/10/29 (g) | 14,365,340 | 14,157,043 |
| TreeHouse Foods, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.981% (1 Month SOFR + 4.25%), due 2/11/33 (g) | 10,000,000 | 10,015,000 |
| 24,172,043 | ||
| Broadcasting & Entertainment 0.0% ‡ | ||
| Gray Media, Inc. | ||
| First Lien Term Loan D | ||
| 6.82% (1 Month SOFR + 3.00%), due 12/1/28 (g) | 4,007,861 | 4,016,057 |
| Capital Equipment 0.5% | ||
| EMRLD Borrower LP | ||
| First Lien Second Amendment Incremental Term Loan | ||
| 6.073% (3 Month SOFR + 2.25%), due 8/4/31 (g) | 6,730,168 | 6,727,490 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Capital Equipment | ||
| TK Elevator Midco GmbH | ||
| First Lien Term Loan B1 | ||
| 6.704% (6 Month SOFR + 2.75%), due 4/30/30 (g) | $ 40,273,802 | $ 40,414,760 |
| 47,142,250 | ||
| Cargo Transport 0.1% | ||
| Clue Opco LLC | ||
| First Lien Term Loan B | ||
| 8.343% (3 Month SOFR + 4.50%), due 12/19/30 (g) | 5,349,222 | 5,136,740 |
| NA Rail Hold Co. LLC | ||
| First Lien Tranche Term Loan B4 | ||
| 6.149% (3 Month SOFR + 2.50%), due 3/8/32 (g) | 7,425,000 | 7,443,563 |
| 12,580,303 | ||
| Chemicals 0.1% | ||
| ASP Unifrax Holdings, Inc. (g) | ||
| First Lien Term Loan | ||
| 6.663% (4.75% PIK) (3 Month SOFR + 3.00%), due 9/28/29 (b) | 20,253,343 | 7,793,733 |
| First Lien Term Loan | ||
| 12.342% (1 Year SOFR + 8.375%), due 11/30/26 | 3,167,171 | 3,167,171 |
| 10,960,904 | ||
| Chemicals, Plastics & Rubber 0.3% | ||
| Innophos Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.095% (1 Month SOFR + 4.25%), due 3/16/29 (g) | 10,798,429 | 10,404,287 |
| Jazz Financing Lux SARL | ||
| First Lien Dollar Tranche Term Loan B2 | ||
| 5.981% (1 Month SOFR + 2.25%), due 5/5/28 (g) | 20,550,137 | 20,594,381 |
| 30,998,668 | ||
| Electronics 0.2% | ||
| Camelot US Acquisition LLC (g) | ||
| First Lien Incremental Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 1/31/31 | 11,023,603 | 10,249,194 |
| First Lien Incremental Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/31/31 | 10,000,000 | 9,337,500 |
| 19,586,694 | ||
| Energy (Electricity) 0.1% | ||
| Lightning Power LLC | ||
| First Lien Initial Term Loan B | ||
| 5.749% (1 Month SOFR + 2.00%), due 8/18/31 (g) | 9,825,000 | 9,826,759 |
| Entertainment 0.0% ‡ | ||
| Sterling Entertainment Enterprises LLC | ||
| Second Lien Initial Term Loan | ||
| 17.75% (17.75% PIK), due 4/16/31 (b)(h) | 24,049,007 | 2,404,901 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Finance 0.5% | ||
| Arches Buyer, Inc. | ||
| First Lien New Term Loan | ||
| 7.081% (1 Month SOFR + 3.25%), due 12/6/27 (g) | $ 14,000,506 | $ 13,956,754 |
| Belron Finance 2019 LLC | ||
| First Lien Term Loan B | ||
| 5.657% (3 Month SOFR + 2.00%), due 10/16/31 (g) | 7,430,632 | 7,416,700 |
| RealTruck Group, Inc. (g) | ||
| First Lien Second Out Tranche Term Loan A | ||
| 8.648% (3 Month SOFR + 4.75%), due 1/31/31 | 21,116,797 | 12,590,890 |
| First Lien FLFO New Money Term Loan | ||
| 9.386% (3 Month SOFR + 5.75%), due 1/31/31 | 8,177,732 | 8,377,065 |
| First Lien Second Out Tranche Term Loan B | ||
| 9.898% (3 Month SOFR + 6.00%), due 1/31/31 | 15,008,564 | 8,905,076 |
| 51,246,485 | ||
| Healthcare & Pharmaceuticals 0.2% | ||
| 1261229 BC Ltd. | ||
| First Lien Initial Term Loan | ||
| 9.981% (1 Month SOFR + 6.25%), due 10/8/30 (g) | 17,066,964 | 16,547,838 |
| Healthcare, Education & Childcare 0.3% | ||
| Endo Finance Holdings LP | ||
| First Lien 2024 Refinancing Term Loan | ||
| 7.481% (1 Month SOFR + 3.75%), due 4/23/31 (g) | 11,393,588 | 11,399,821 |
| LifePoint Health, Inc. | ||
| First Lien Term Loan B1 | ||
| 7.503% (3 Month SOFR + 3.75%), due 5/19/31 (g) | 24,774,326 | 23,628,513 |
| 35,028,334 | ||
| High Tech Industries 0.1% | ||
| Aretec Group, Inc. | ||
| First Lien Term Loan B4 | ||
| 6.731% (1 Month SOFR + 3.00%), due 8/9/30 (g) | 6,372,335 | 6,382,958 |
| Hotels, Motels, Inns & Gaming 0.1% | ||
| Caesars Entertainment, Inc. | ||
| First Lien Term Loan B1 | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/6/31 (g) | 6,802,602 | 6,473,812 |
| Machinery (Non-Agriculture, Non-Construct & Non-Electronic) 0.0% ‡ | ||
| Columbus McKinnon Corp. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 2/3/33 (g) | 2,606,764 | 2,613,281 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Media 0.4% | ||
| DIRECTV Financing LLC | ||
| First Lien 2026 Refinancing Facility Term Loan B | ||
| 8.323% (3 Month SOFR + 4.50%), due 8/2/29 (g) | $ 29,108,581 | $ 29,258,664 |
| Discovery Global Holdings, Inc. | ||
| First Lien Initial Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 6/3/33 (g) | 15,422,596 | 15,422,596 |
| 44,681,260 | ||
| Mining, Steel, Iron & Non-Precious Metals 0.3% | ||
| American Rock Salt Co. LLC (g) | ||
| First Lien Initial Term Loan | ||
| 7.994% (3 Month SOFR + 4.00%), due 6/9/28 | 25,273,373 | 23,377,870 |
| First Lien First Out Term Loan | ||
| 10.994% (3 Month SOFR + 7.00%), due 6/11/28 | 9,803,949 | 9,869,312 |
| 33,247,182 | ||
| Oil & Gas 0.2% | ||
| Prairie Acquiror LP | ||
| First Lien Term Loan B5 | ||
| 6.981% (1 Month SOFR + 3.25%), due 8/1/29 (g) | 8,569,972 | 8,612,822 |
| TransMontaigne Operating Co. LP | ||
| First Lien Tranche Term Loan B | ||
| 5.894% (1 Month SOFR + 2.25%), due 3/18/30 (g) | 6,896,370 | 6,901,542 |
| 15,514,364 | ||
| Personal, Food & Miscellaneous Services 0.0% ‡ | ||
| WW International, Inc. | ||
| First Lien Initial Term Loan | ||
| 10.528% (1 Month SOFR + 6.80%), due 6/24/30 (g) | 5,679,290 | 4,145,882 |
| Retail 1.0% | ||
| C&S Wholesale Grocers, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.732% (3 Month SOFR + 5.00%), due 8/6/30 (g) | 21,934,250 | 20,654,759 |
| Great Outdoors Group LLC | ||
| First Lien Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/23/32 (g) | 83,588,015 | 83,886,508 |
| 104,541,267 | ||
| Retail Store 0.1% | ||
| PetSmart LLC | ||
| First Lien Initial Term Loan | ||
| 7.724% (1 Month SOFR + 4.00%), due 8/18/32 (g) | 10,149,000 | 10,161,686 |
| Services: Business 0.2% | ||
| Dynamo US Bidco, Inc. | ||
| First Lien Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 9/30/31 (g) | 5,824,816 | 5,628,229 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Services: Business | ||
| Osaic Holdings, Inc. | ||
| First Lien Term Loan B1 | ||
| 6.232% (3 Month SOFR + 2.50%), due 7/30/32 (g) | $ 14,962,500 | $ 14,861,503 |
| 20,489,732 | ||
| Software 0.3% | ||
| Cloud Software Group LLC (g) | ||
| First Lien Incremental Term Loan B | ||
| 6.982% (3 Month SOFR + 3.25%), due 3/21/31 | 9,910,228 | 8,964,108 |
| First Lien Initial Dollar Term Loan B | ||
| 6.982% (3 Month SOFR + 3.25%), due 8/16/32 | 8,984,101 | 8,013,818 |
| McAfee Corp. | ||
| First Lien Tranche Term Loan B1 | ||
| 6.731% (1 Month SOFR + 3.00%), due 3/1/29 (g) | 10,122,110 | 9,119,394 |
| 26,097,320 | ||
| Telecommunications 0.0% ‡ | ||
| LCPR Loan Financing LLC | ||
| First Lien 2021 Additional Term Loan | ||
| 7.663% (3 Month SOFR + 3.75%), due 10/16/28 (g) | 1,000,000 | 568,125 |
| Total Loan Assignments (Cost $608,446,066) | 563,769,663 | |
| Total Long-Term Bonds (Cost $9,887,376,734) | 9,681,602,149 | |
| Shares | ||
| Common Stocks 1.0% | ||
| Electric Utilities 0.2% | ||
| Keycon Power Holdings LLC (h)(k) | 385,976 | 18,762,293 |
| Electrical Equipment 0.1% | ||
| Energy Technologies, Inc. (h)(k) | 16,724 | 13,596,612 |
| Energy Equipment & Services 0.1% | ||
| Nine Energy Service, Inc. (k) | 1,404,300 | 15,938,805 |
| Entertainment 0.1% | ||
| Warner Bros Discovery, Inc. (k) | 233,482 | 6,140,577 |
| Independent Power and Renewable Electricity Producers 0.1% | ||
| GenOn Energy, Inc. (j)(k) | 386,241 | 12,552,833 |
| Oil, Gas & Consumable Fuels 0.2% | ||
| Gulfport Energy Corp. (k) | 60,445 | 9,754,009 |
| Shares | Value | ||
| Common Stocks | |||
| Oil, Gas & Consumable Fuels | |||
| PetroQuest Energy, Inc. (h)(k) | 284,709 | $ — | |
| PetroQuest Energy, Inc., Escrow Claim Shares (h)(k) | 35,078,325 | — | |
| Talos Energy, Inc. (k) | 747,549 | 11,347,794 | |
| 21,101,803 | |||
| Pharmaceuticals 0.2% | |||
| Keenova Therapeutics plc (k) | 168,818 | 16,384,800 | |
| Par Health, Inc. (k) | 168,818 | 1,006,830 | |
| 17,391,630 | |||
| Total Common Stocks (Cost $129,768,388) | 105,484,553 | ||
| Preferred Stock 0.5% | |||
| Electrical Equipment 0.5% | |||
| Energy Technologies Ltd. (h)(k) | 37,258 | 53,577,004 | |
| Total Preferred Stock (Cost $35,514,837) | 53,577,004 | ||
| Exchange-Traded Funds 0.3% | |||
| iShares Gold Trust (k) | 281,550 | 21,445,664 | |
| SPDR Gold Shares (k) | 15,336 | 5,697,937 | |
| Total Exchange-Traded Funds (Cost $8,112,916) | 27,143,601 | ||
| Total Investments (Cost $10,060,772,875) | 95.0% | 9,867,807,307 | |
| Other Assets, Less Liabilities | 5.0 | 515,140,815 | |
| Net Assets | 100.0% | $ 10,382,948,122 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | PIK ("Payment-in-Kind")—issuer may pay interest or dividends with additional securities and/or in cash. |
| (c) | Issue in default. |
| (d) | Issue in non-accrual status. |
| (e) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Delayed delivery security. |
| (g) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (i) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (j) | Restricted security. |
| (k) | Non-income producing security. |
| Abbreviation(s): |
| SARL—Société À Responsabilité Limitée |
| SOFR—Secured Overnight Financing Rate |
| SPDR—Standard & Poor’s Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Convertible Bond | $ — | $ 15,000,750 | $ — | $ 15,000,750 | |||
| Corporate Bonds | — | 9,093,219,556 | 3,446,235 | 9,096,665,791 | |||
| Foreign Government Bond | — | 6,165,945 | — | 6,165,945 | |||
| Loan Assignments | — | 561,364,762 | 2,404,901 | 563,769,663 | |||
| Total Long-Term Bonds | — | 9,675,751,013 | 5,851,136 | 9,681,602,149 | |||
| Common Stocks | 60,572,815 | 12,552,833 | 32,358,905 | 105,484,553 | |||
| Preferred Stock | — | — | 53,577,004 | 53,577,004 | |||
| Exchange-Traded Funds | 27,143,601 | — | — | 27,143,601 | |||
| Total Investments in Securities | $ 87,716,416 | $ 9,688,303,846 | $ 91,787,045 | $ 9,867,807,307 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.2% | ||
| Long-Term Municipal Bonds 97.4% | ||
| Alabama 4.4% | ||
| Alabama Housing Finance Authority, Single-Family Mortgage, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 4/1/55 | $ 8,585,000 | $ 9,242,571 |
| Black Belt Energy Gas District, Gas Project No. 7, Revenue Bonds | ||
| Series C-2 | ||
| 2.51%, due 10/1/52 | 8,750,000 | 8,746,234 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series B | ||
| 2.81%, due 4/1/53 | 34,600,000 | 34,413,281 |
| Series A | ||
| 4.00%, due 6/1/51 (a) | 6,060,000 | 6,090,217 |
| Series D-1 | ||
| 4.00%, due 7/1/52 (a) | 6,300,000 | 6,342,584 |
| Series B-1 | ||
| 4.00%, due 4/1/53 (a) | 19,350,000 | 19,480,725 |
| Series D-3 | ||
| 4.295%, due 6/1/49 | 9,250,000 | 9,382,851 |
| Series I | ||
| 5.00%, due 10/1/33 | 5,700,000 | 5,969,005 |
| Series B | ||
| 5.00%, due 12/1/34 | 24,245,000 | 25,476,404 |
| Series F | ||
| 5.00%, due 6/1/36 | 7,005,000 | 7,156,524 |
| Series C | ||
| 5.00%, due 5/1/55 (a) | 5,920,000 | 6,217,804 |
| Series D | ||
| 5.00%, due 12/1/55 (a) | 28,750,000 | 29,908,145 |
| Series B-2 | ||
| 5.25%, due 12/1/53 (a) | 12,620,000 | 13,424,159 |
| Series D-1 | ||
| 5.50%, due 6/1/49 (a) | 5,805,000 | 6,052,697 |
| Energy Southeast, A Cooperative District Energy Supply, Revenue Bonds | ||
| Series B-2 | ||
| 4.646%, due 4/1/54 | 20,000,000 | 20,339,538 |
| Series B | ||
| 5.25%, due 7/1/54 (a) | 60,000,000 | 63,651,120 |
| Series B-1 | ||
| 5.75%, due 4/1/54 (a) | 13,600,000 | 14,772,529 |
| Energy Southeast A Cooperative District, Revenue Bonds | ||
| Series A-2 | ||
| 3.965%, due 4/1/34 | 31,475,000 | 31,523,305 |
| Lower Alabama Gas District (The), Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/46 | 5,000,000 | 5,077,218 |
| Southeast Alabama Gas Supply District (The), Revenue Bonds (a) | ||
| Series B | ||
| 5.00%, due 6/1/49 | 3,015,000 | 3,130,346 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alabama | ||
| Southeast Alabama Gas Supply District (The), Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 8/1/54 | $ 5,670,000 | $ 5,936,323 |
| Southeast Energy Authority A Cooperative District, Project No. 2, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 12/1/51 (a) | 14,815,000 | 14,733,867 |
| Southeast Energy Authority A Cooperative District, Project No. 4, Revenue Bonds | ||
| Series B-1 | ||
| 5.00%, due 5/1/53 (a) | 20,000,000 | 20,553,188 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds (a) | ||
| Series C | ||
| 5.00%, due 5/1/55 | 45,320,000 | 47,816,420 |
| Series C | ||
| 5.00%, due 10/1/55 | 12,855,000 | 13,434,341 |
| Series A | ||
| 5.00%, due 1/1/56 | 6,290,000 | 6,318,842 |
| Series B | ||
| 5.25%, due 3/1/55 | 5,000,000 | 5,100,141 |
| 440,290,379 | ||
| Alaska 0.7% | ||
| Alaska Housing Finance Corp., State Capital Project, Revenue Bonds | ||
| Series A, Class II | ||
| 5.00%, due 6/1/36 | 5,750,000 | 6,310,133 |
| Series A, Class II | ||
| 5.00%, due 12/1/36 | 3,500,000 | 3,827,989 |
| Alaska Housing Finance Corp., General Mortgage, Revenue Bonds | ||
| Series C-II, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 12/1/52 | 4,280,000 | 4,502,713 |
| Alaska Industrial Development & Export Authority, Greater Fairbanks Community Hospital Foundation Obligated Group, Revenue Bonds | ||
| 5.00%, due 4/1/32 | 3,050,000 | 3,057,019 |
| Alaska Municipal Bond Bank Authority, Master Resolution, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 10/1/42 | 6,000,000 | 6,118,239 |
| Municipality of Anchorage, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 9/1/26 | 5,340,000 | 5,345,896 |
| Municipality of Anchorage, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 2/1/61 (b) | 32,940,000 | 32,437,523 |
| State of Alaska, International Airports System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 10/1/27 (b) | 3,000,000 | 3,066,759 |
| 64,666,271 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Arizona 0.6% | ||
| Arizona Board of Regents, Arizona State University, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/48 | $ 7,500,000 | $ 8,077,964 |
| Chandler Industrial Development Authority, Intel Corp. Project, Revenue Bonds (a)(b) | ||
| 4.00%, due 6/1/49 | 11,100,000 | 11,188,893 |
| Series 1 | ||
| 5.00%, due 9/1/42 | 10,180,000 | 10,276,103 |
| Coconino County Unified School District No. 1, Flagstaff, Unlimited General Obligation | ||
| Series B | ||
| 1.75%, due 7/1/35 | 2,375,000 | 1,919,906 |
| Series B | ||
| 1.75%, due 7/1/36 | 2,760,000 | 2,166,248 |
| Gilbert Water Resource Municipal Property Corp., Waterworks & Sewer System, Revenue Bonds, Senior Lien | ||
| 4.00%, due 7/15/41 | 7,915,000 | 7,713,646 |
| Maricopa County & Phoenix Industrial Development Authorities, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 3/1/55 | 5,015,000 | 5,452,272 |
| Maricopa County Pollution Control Corp., Public Service Co. of New Mexico, Revenue Bonds | ||
| Series A | ||
| 0.875%, due 6/1/43 (a) | 3,855,000 | 3,840,998 |
| Salt River Project Agricultural Improvement & Power District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/45 | 5,000,000 | 5,318,264 |
| 55,954,294 | ||
| Arkansas 0.2% | ||
| Arkansas Development Finance Authority, Motgage-Backed Securities, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 1/1/55 | 3,735,000 | 3,907,204 |
| Fayetteville School District No. 1, Limited General Obligation | ||
| Insured: State Aid Withholding | ||
| 2.125%, due 6/1/32 | 3,210,000 | 2,888,392 |
| Hot Springs School District No. 6, Limited General Obligation | ||
| Insured: State Aid Withholding | ||
| 2.50%, due 6/1/40 | 3,485,000 | 2,637,853 |
| Little Rock School District, Limited General Obligation | ||
| Series A, Insured: BAM State Aid Withholding | ||
| 3.00%, due 2/1/46 | 15,230,000 | 11,828,779 |
| Springdale School District No. 50, Limited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 2.50%, due 6/1/40 | 3,380,000 | 2,568,934 |
| 23,831,162 | ||
| California 11.6% | ||
| Alameda Corridor Transportation Authority, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 10/1/36 | 14,420,000 | 9,744,651 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Alameda Corridor Transportation Authority, Revenue Bonds | ||
| Series C, Insured: AG | ||
| (zero coupon), due 10/1/52 (c) | $ 5,000,000 | $ 2,912,819 |
| Alameda Corridor Transportation Authority, Revenue Bonds, Senior Lien | ||
| Series A, Insured: BAM | ||
| (zero coupon), due 10/1/48 (c) | 6,000,000 | 3,583,688 |
| Allan Hancock Joint Community College District, Election of 2006, Unlimited General Obligation | ||
| Series C | ||
| (zero coupon), due 8/1/44 (c) | 8,500,000 | 6,625,580 |
| Antelope Valley Community College District, Election of 2016, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 8/1/50 | 3,750,000 | 2,754,998 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 7/1/32 | 6,250,000 | 6,777,790 |
| Series B | ||
| 5.00%, due 7/1/35 | 5,000,000 | 5,460,093 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series A-2 | ||
| 3.895%, due 4/1/56 | 29,050,000 | 28,869,873 |
| Series B-1 | ||
| 4.00%, due 2/1/52 (a) | 12,505,000 | 12,501,771 |
| Series A | ||
| 4.00%, due 10/1/52 (a) | 8,000,000 | 8,058,836 |
| Series A-1 | ||
| 4.00%, due 5/1/53 (a) | 12,780,000 | 12,893,025 |
| Series E-2 | ||
| 4.115%, due 2/1/54 | 27,500,000 | 27,943,470 |
| Series A-2 | ||
| 4.396%, due 12/1/53 | 14,250,000 | 14,554,483 |
| Series F | ||
| 5.00%, due 11/1/33 | 20,085,000 | 21,277,412 |
| Series B | ||
| 5.00%, due 3/1/36 | 1,705,000 | 1,751,138 |
| Series B-1 | ||
| 5.00%, due 7/1/53 (a) | 24,545,000 | 25,447,770 |
| Series B | ||
| 5.00%, due 1/1/55 (a) | 5,000,000 | 5,105,225 |
| Series D | ||
| 5.00%, due 2/1/55 (a) | 7,540,000 | 8,041,020 |
| Series C | ||
| 5.00%, due 8/1/55 (a) | 23,630,000 | 24,294,589 |
| Series G | ||
| 5.00%, due 11/1/55 (a) | 11,810,000 | 12,047,849 |
| Series C | ||
| 5.25%, due 1/1/54 (a) | 59,340,000 | 62,223,348 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California Health Facilities Financing Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 3.00%, due 4/1/44 | $ 2,075,000 | $ 1,797,777 |
| Series A | ||
| 4.00%, due 4/1/49 | 4,000,000 | 3,562,695 |
| California Health Facilities Financing Authority, Sutter Health, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 11/15/41 | 11,375,000 | 10,710,172 |
| California Municipal Finance Authority, Revenue Bonds (a) | ||
| Series 1, Class A-1 | ||
| 3.537%, due 2/20/41 | 17,267,161 | 15,642,593 |
| Series 1, Class A-1 | ||
| 4.05%, due 7/20/41 | 9,965,151 | 9,416,882 |
| Series 2, Class A-1 | ||
| 4.326%, due 11/20/40 | 7,452,958 | 7,258,671 |
| California State University, Systemwide, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/42 | 9,725,000 | 9,823,727 |
| Carlsbad Unified School District, Election of 2018, Unlimited General Obligation | ||
| Series A | ||
| 3.00%, due 8/1/42 | 4,000,000 | 3,276,580 |
| Series B | ||
| 3.00%, due 8/1/46 | 2,725,000 | 2,128,199 |
| Center Joint Unified School District, Election of 2008, Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| 3.00%, due 8/1/51 | 4,750,000 | 3,446,125 |
| Chaffey Joint Union High School District, Election of 2012, Unlimited General Obligation | ||
| Series C | ||
| 5.25%, due 8/1/47 | 5,000,000 | 5,029,309 |
| City of Los Angeles, Department of Airports, Revenue Bonds (b) | ||
| Series A | ||
| 4.00%, due 5/15/41 | 8,775,000 | 8,310,360 |
| Series A | ||
| 5.25%, due 5/15/43 | 10,000,000 | 10,707,519 |
| City of Los Angeles, Department of Airports, Revenue Bonds, Senior Lien (b) | ||
| Series G | ||
| 5.00%, due 5/15/47 | 5,000,000 | 5,083,227 |
| Series G | ||
| 5.50%, due 5/15/36 | 15,175,000 | 16,491,378 |
| Series G | ||
| 5.50%, due 5/15/38 | 8,275,000 | 8,902,237 |
| Series G | ||
| 5.50%, due 5/15/39 | 5,875,000 | 6,288,406 |
| Series G | ||
| 5.50%, due 5/15/40 | 6,700,000 | 7,150,440 |
| Series H | ||
| 5.50%, due 5/15/47 | 8,150,000 | 8,513,420 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Corona-Norco Unified School District, Unlimited General Obligation | ||
| Series C | ||
| 3.00%, due 8/1/44 | $ 5,000,000 | $ 4,012,769 |
| Fresno Unified School District, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 8/1/43 | 7,500,000 | 5,864,795 |
| Golden State Tobacco Securitization Corp., Revenue Bonds | ||
| Series A-1 | ||
| 2.587%, due 6/1/29 | 10,000,000 | 9,349,431 |
| Inglewood Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B | ||
| 5.50%, due 8/1/41 | 2,300,000 | 2,570,685 |
| Series B | ||
| 5.50%, due 8/1/42 | 2,795,000 | 3,111,727 |
| Series B | ||
| 5.50%, due 8/1/43 | 2,500,000 | 2,774,051 |
| Long Beach Unified School District, Election of 2016, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 8/1/41 | 4,650,000 | 3,845,510 |
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 7/1/28 | 6,965,000 | 7,240,285 |
| Series B | ||
| 5.00%, due 7/1/31 | 2,120,000 | 2,205,733 |
| Series E | ||
| 5.00%, due 7/1/31 | 15,000,000 | 16,216,560 |
| Series A | ||
| 5.00%, due 7/1/32 | 1,355,000 | 1,457,980 |
| Series B | ||
| 5.00%, due 7/1/32 | 6,340,000 | 6,580,204 |
| Series A | ||
| 5.00%, due 7/1/33 | 3,020,000 | 3,088,087 |
| Series B | ||
| 5.00%, due 7/1/33 | 6,000,000 | 6,507,083 |
| Series C | ||
| 5.00%, due 7/1/33 | 2,835,000 | 2,956,536 |
| Series A | ||
| 5.00%, due 7/1/35 | 7,000,000 | 7,608,635 |
| Series E | ||
| 5.00%, due 7/1/35 | 12,625,000 | 13,786,736 |
| Series A | ||
| 5.00%, due 7/1/36 | 1,830,000 | 1,863,369 |
| Series B | ||
| 5.00%, due 7/1/36 | 2,605,000 | 2,813,921 |
| Series C | ||
| 5.00%, due 7/1/36 | 2,135,000 | 2,306,227 |
| Series E | ||
| 5.00%, due 7/1/36 | 1,620,000 | 1,742,235 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/37 | $ 2,130,000 | $ 2,165,253 |
| Series E | ||
| 5.00%, due 7/1/38 | 7,000,000 | 7,453,767 |
| Series B | ||
| 5.00%, due 7/1/39 | 10,000,000 | 10,350,387 |
| Series A | ||
| 5.00%, due 7/1/44 | 1,205,000 | 1,256,147 |
| Series C | ||
| 5.00%, due 7/1/44 | 4,040,000 | 4,211,479 |
| Series D | ||
| 5.00%, due 7/1/52 | 1,535,000 | 1,555,378 |
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/53 | 9,500,000 | 9,657,161 |
| Series E | ||
| 5.00%, due 7/1/53 | 5,350,000 | 5,409,436 |
| Series A | ||
| 5.25%, due 7/1/49 | 6,400,000 | 6,486,467 |
| Series B | ||
| 5.25%, due 7/1/53 | 3,810,000 | 3,905,934 |
| Series D | ||
| 6.574%, due 7/1/45 | 7,830,000 | 8,078,962 |
| Los Angeles Department of Water & Power, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/37 | 10,000,000 | 10,964,946 |
| Los Angeles Department of Water & Power, Water System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/1/41 | 10,000,000 | 10,624,689 |
| Series C, Insured: BAM | ||
| 5.00%, due 7/1/42 | 6,500,000 | 6,903,805 |
| Series C | ||
| 5.00%, due 7/1/43 | 14,590,000 | 15,378,191 |
| Series C, Insured: BAM | ||
| 5.00%, due 7/1/44 | 7,500,000 | 7,899,784 |
| Series A | ||
| 6.603%, due 7/1/50 | 48,635,000 | 50,420,425 |
| Modesto Irrigation District, Domestic Water Project, Revenue Bonds | ||
| Series F, Insured: NATL-RE | ||
| 3.208%, due 9/1/27 | 3,040,000 | 3,038,186 |
| Moreno Valley Unified School District, Election 2014, Unlimited General Obligation | ||
| Series C, Insured: BAM | ||
| 3.00%, due 8/1/46 | 4,750,000 | 3,709,704 |
| Municipal Improvement Corp. of Los Angeles, Los Angeles Convention Center, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 5/1/55 | 15,000,000 | 15,927,211 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Norman Y Mineta San Jose International Airport SJC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/41 (b) | $ 8,500,000 | $ 8,538,439 |
| Novato Unified School District, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 8/1/41 | 2,500,000 | 2,106,095 |
| Oakland Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.25%, due 8/1/48 | 20,000,000 | 21,002,338 |
| Ocean View School District of Orange County, Unlimited General Obligation | ||
| Series C, Insured: AG | ||
| 3.00%, due 8/1/47 | 4,250,000 | 3,258,418 |
| Peninsula Corridor Joint Powers Board, Green Bond, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/47 | 3,000,000 | 3,115,725 |
| Richmond Joint Powers Financing Authority, Civic Center Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 11/1/36 | 2,750,000 | 2,883,608 |
| Sacramento City Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.50%, due 8/1/47 | 5,000,000 | 5,155,174 |
| Series A, Insured: BAM | ||
| 5.50%, due 8/1/52 | 5,000,000 | 5,124,789 |
| Series C, Insured: AG | ||
| 5.50%, due 8/1/54 | 10,000,000 | 10,484,049 |
| Sacramento City Unified School District, Election of 2024, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.50%, due 8/1/53 | 14,500,000 | 15,214,415 |
| San Diego County Regional Airport Authority, Revenue Bonds, Senior Lien | ||
| Series B | ||
| 5.25%, due 7/1/42 (b) | 4,000,000 | 4,303,806 |
| San Diego Public Facilities Financing Authority, Water Utility, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 8/1/48 | 5,250,000 | 5,594,422 |
| San Diego Unified School District, Unlimited General Obligation | ||
| Series R-2 | ||
| (zero coupon), due 7/1/41 (c) | 11,000,000 | 11,373,708 |
| San Diego Unified School District, Election of 2012, Unlimited General Obligation | ||
| Series I | ||
| 5.00%, due 7/1/41 | 3,750,000 | 3,802,134 |
| San Francisco City & County Airport Commission, San Francisco International Airport, Revenue Bonds, Second Series (b) | ||
| Series C | ||
| 5.00%, due 5/1/33 | 15,750,000 | 17,159,981 |
| Series A | ||
| 5.00%, due 5/1/34 | 7,350,000 | 7,792,277 |
| Series E | ||
| 5.00%, due 5/1/50 | 10,500,000 | 10,526,561 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| San Francisco City & County Airport Commission, San Francisco International Airport, Revenue Bonds, Second Series (b) | ||
| Series A | ||
| 5.25%, due 5/1/41 | $ 25,250,000 | $ 27,031,193 |
| Series A | ||
| 5.25%, due 5/1/43 | 6,000,000 | 6,369,887 |
| Series A | ||
| 5.25%, due 5/1/44 | 4,500,000 | 4,756,323 |
| Series A | ||
| 5.50%, due 5/1/55 | 46,500,000 | 48,861,028 |
| San Francisco City & County Airport Commission, San Francisco International Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/44 (b) | 10,740,000 | 10,925,313 |
| San Jose Evergreen Community College District, Election of 2016, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 9/1/41 | 1,065,000 | 918,494 |
| San Juan Unified School District, Election of 2016, Unlimited General Obligation | ||
| 2.375%, due 8/1/40 | 5,000,000 | 3,769,394 |
| San Mateo Union High School District, Capital Appreciation, Election of 2010, Unlimited General Obligation | ||
| Series A | ||
| (zero coupon), due 9/1/41 (c) | 8,575,000 | 9,373,833 |
| Santa Cruz City High School District, Unlimited General Obligation | ||
| Series C | ||
| 2.00%, due 8/1/37 | 2,870,000 | 2,267,681 |
| Santa Monica Public Financing Authority, City Yards Project, Revenue Bonds | ||
| 2.25%, due 7/1/51 | 6,500,000 | 3,866,846 |
| Southern California Public Power Authority, Southern Transmission System Renewal Project, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 7/1/27 | 3,935,000 | 3,941,045 |
| Series 1 | ||
| 5.00%, due 7/1/33 | 3,410,000 | 3,741,518 |
| Series 1 | ||
| 5.00%, due 7/1/34 | 3,480,000 | 3,835,012 |
| Series 1 | ||
| 5.00%, due 7/1/35 | 4,185,000 | 4,540,572 |
| Series 1 | ||
| 5.00%, due 7/1/37 | 8,330,000 | 8,931,260 |
| Series 1 | ||
| 5.00%, due 7/1/40 | 7,225,000 | 7,685,657 |
| Series A-1 | ||
| 5.00%, due 7/1/48 | 17,185,000 | 17,588,028 |
| Series 1 | ||
| 5.00%, due 7/1/53 | 14,050,000 | 14,308,103 |
| Series 2 | ||
| 5.00%, due 7/1/53 (a) | 8,000,000 | 8,335,894 |
| Southern California Public Power Authority, Apex Power Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/33 | 4,000,000 | 4,388,877 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Southern California Public Power Authority, Clean Energy II Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/33 | $ 32,550,000 | $ 34,107,407 |
| Southern California Public Power Authority, Southern Transmissional System Renewal Project, Revenue Bonds | ||
| Series A-1 | ||
| 5.25%, due 7/1/53 | 11,930,000 | 12,378,127 |
| Southern Mono Health Care District, Election of 2001, Unlimited General Obligation | ||
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 8/1/32 | 2,600,000 | 2,083,856 |
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 8/1/33 | 2,505,000 | 1,926,043 |
| Sunnyvale School District, Election of 2013, Unlimited General Obligation | ||
| Series C | ||
| 3.00%, due 9/1/44 | 6,750,000 | 5,469,864 |
| Twin Rivers Unified School District, Election 2006, Unlimited General Obligation | ||
| Insured: AG | ||
| (zero coupon), due 8/1/32 | 4,370,000 | 3,567,012 |
| Val Verde Unified School District, Election of 2012, Unlimited General Obligation | ||
| Series F, Insured: AG | ||
| 3.00%, due 8/1/47 | 8,910,000 | 6,958,296 |
| Yosemite Community College District, Election of 2004, Unlimited General Obligation | ||
| Series D | ||
| (zero coupon), due 8/1/42 (c) | 14,500,000 | 13,152,518 |
| 1,152,224,036 | ||
| Colorado 2.1% | ||
| Adams County School District No. 1, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.25%, due 12/1/40 | 5,910,000 | 5,941,253 |
| Arapahoe County School District No. 5, Cherry Creek, Unlimited General Obligation | ||
| Series B, Insured: State Aid Withholding | ||
| 2.30%, due 12/15/28 | 5,790,000 | 5,646,020 |
| City & County of Denver, Board of Water Commissioners, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 9/15/42 | 6,285,000 | 5,105,236 |
| City & County of Denver, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 4.00%, due 12/1/43 | 3,470,000 | 3,186,235 |
| Series A | ||
| 5.00%, due 12/1/34 | 6,000,000 | 6,528,310 |
| Series A | ||
| 5.00%, due 12/1/37 | 15,675,000 | 16,007,749 |
| Series A | ||
| 5.00%, due 12/1/43 | 4,915,000 | 4,973,371 |
| Series A | ||
| 5.50%, due 11/15/40 | 17,760,000 | 19,118,830 |
| Series D | ||
| 5.75%, due 11/15/38 | 3,000,000 | 3,301,037 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| City & County of Denver, Convention Center Expansion Project, Certificate of Participation | ||
| Series A | ||
| 5.375%, due 6/1/43 | $ 12,875,000 | $ 12,888,686 |
| City of Colorado Springs, Utilities System, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 11/15/52 | 10,000,000 | 10,428,366 |
| Series A | ||
| 5.25%, due 11/15/54 | 4,895,000 | 5,144,992 |
| Colorado Bridge & Tunnel Enterprise, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG | ||
| 5.25%, due 12/1/54 | 7,500,000 | 7,836,830 |
| Colorado Health Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A-1, Insured: BAM | ||
| 4.00%, due 8/1/44 | 8,555,000 | 7,977,097 |
| Series A | ||
| 5.00%, due 9/1/35 | 8,965,000 | 9,701,357 |
| Colorado Health Facilities Authority, Adventist Health System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/48 | 13,500,000 | 11,932,862 |
| Colorado Health Facilities Authority, AdventHealth Obligated Group, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 11/15/59 (a) | 4,625,000 | 4,909,493 |
| Colorado Housing and Finance Authority, Revenue Bonds | ||
| Series B, Insured: GNMA | ||
| 3.00%, due 5/1/51 (b) | 1,945,000 | 1,920,456 |
| Colorado Housing and Finance Authority, Sustainable Bonds, Revenue Bonds | ||
| Series B, Class 1, Insured: GNMA | ||
| 3.25%, due 5/1/52 | 4,125,000 | 4,068,105 |
| Denver City & County School District No. 1, Unlimited General Obligation | ||
| Series C, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/46 | 9,500,000 | 10,444,567 |
| Series C, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/47 | 8,755,000 | 9,538,945 |
| Gunnison Watershed School District No. Re 1J, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.00%, due 12/1/47 | 14,150,000 | 14,632,277 |
| State of Colorado, Certificate of Participation | ||
| Series J | ||
| 5.25%, due 3/15/42 | 18,500,000 | 18,640,284 |
| 6.00%, due 12/15/40 | 5,960,000 | 6,716,334 |
| 6.00%, due 12/15/41 | 5,690,000 | 6,387,066 |
| 212,975,758 | ||
| Connecticut 1.2% | ||
| Aquarion Water Authority, Water System, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 2/1/31 | 7,000,000 | 7,606,698 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Connecticut | ||
| Connecticut State Health & Educational Facilities Authority, Hartford HealthCare Corp., Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.50%, due 7/1/51 | $ 7,900,000 | $ 8,493,090 |
| Series A, Insured: AG | ||
| 5.50%, due 7/1/55 | 15,000,000 | 16,055,939 |
| New Canaan Housing Authority, HANC Lakeview LLC, Revenue Bonds | ||
| Series A, Insured: FNMA | ||
| 4.00%, due 12/1/34 | 10,000,000 | 9,907,682 |
| State of Connecticut, Transportation Infrastructure, Special Tax, Special Tax | ||
| Series A | ||
| 5.25%, due 7/1/40 | 20,420,000 | 22,261,796 |
| Series A | ||
| 5.25%, due 7/1/41 | 18,980,000 | 20,610,192 |
| Series A | ||
| 5.25%, due 7/1/42 | 25,220,000 | 27,311,048 |
| Waterbury Housing Authority, Laurel Estates Preservation Project, Revenue Bonds | ||
| Series A, Insured: HUD Sector 8 FHLMC | ||
| 4.50%, due 2/1/42 | 4,590,000 | 4,523,532 |
| 116,769,977 | ||
| Delaware 0.7% | ||
| Delaware State Health Facilities Authority, Christiana Care Health System, Revenue Bonds | ||
| 5.25%, due 10/1/51 | 5,500,000 | 5,741,645 |
| Delaware State Housing Authority, Revenue Bonds, Senior Lien | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.55%, due 7/1/45 | 3,175,000 | 3,137,365 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 1/1/56 | 9,385,000 | 10,127,828 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/56 | 8,645,000 | 9,449,551 |
| Delaware State Housing Authority, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 1/1/56 | 19,990,000 | 21,383,005 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 1/1/55 | 5,455,000 | 5,854,787 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/55 | 10,415,000 | 11,299,312 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/56 | 3,985,000 | 4,331,727 |
| 71,325,220 | ||
| District of Columbia 0.8% | ||
| District of Columbia, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/47 | 6,250,000 | 6,656,937 |
| Metropolitan Washington Airports Authority, Aviation, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/29 | 7,000,000 | 7,374,601 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| District of Columbia | ||
| Metropolitan Washington Airports Authority, Aviation, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/30 | $ 6,000,000 | $ 6,393,922 |
| Series A | ||
| 5.00%, due 10/1/31 | 8,000,000 | 8,595,607 |
| Series A | ||
| 5.00%, due 10/1/32 | 16,945,000 | 18,304,487 |
| Series A | ||
| 5.00%, due 10/1/35 | 3,955,000 | 4,090,844 |
| Series A | ||
| 5.25%, due 10/1/48 | 5,000,000 | 5,126,670 |
| Metropolitan Washington Airports Authority, Airport System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/30 (b) | 3,840,000 | 4,033,399 |
| Metropolitan Washington Airports Authority, Dulles Toll Road, Metrorail & Capital Improvement Project, Revenue Bonds, Senior Lien (c) | ||
| Series B | ||
| 6.50%, due 10/1/44 | 6,040,000 | 6,325,766 |
| Series B | ||
| 6.50%, due 10/1/44 | 2,600,000 | 2,723,012 |
| Washington Metropolitan Area Transit Authority, Green bond, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/15/39 | 5,600,000 | 5,529,687 |
| 75,154,932 | ||
| Florida 4.5% | ||
| Central Florida Tourism Oversight District Utility, Revenue Bonds | ||
| Series 1 | ||
| 5.00%, due 10/1/42 | 5,000,000 | 5,341,464 |
| Series 1 | ||
| 5.00%, due 10/1/43 | 2,500,000 | 2,657,268 |
| Series 1 | ||
| 5.00%, due 10/1/45 | 3,000,000 | 3,166,372 |
| City of Gainesville, Utilities System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/38 | 18,250,000 | 18,027,001 |
| Collier County Industrial Development Authority, NCH Healthcare System, Inc. Obligated Group, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 10/1/49 | 5,500,000 | 5,575,096 |
| County of Brevard, Solid Waste Management System, Revenue Bonds | ||
| 5.50%, due 9/1/53 | 8,720,000 | 9,227,285 |
| County of Broward, Airport System, Revenue Bonds | ||
| 5.00%, due 10/1/42 (b) | 5,045,000 | 5,071,896 |
| County of Lee, Airport, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/29 | 8,000,000 | 8,423,189 |
| Series B | ||
| 5.00%, due 10/1/46 | 4,750,000 | 4,803,881 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| County of Lee, Airport, Revenue Bonds (b) | ||
| 5.25%, due 10/1/38 | $ 5,000,000 | $ 5,381,965 |
| 5.25%, due 10/1/39 | 3,240,000 | 3,463,174 |
| 5.25%, due 10/1/49 | 4,250,000 | 4,354,746 |
| 5.25%, due 10/1/54 | 35,000,000 | 35,577,913 |
| County of Miami-Dade, Revenue Bonds | ||
| (zero coupon), due 10/1/42 | 6,200,000 | 3,026,005 |
| Series A | ||
| 5.00%, due 10/1/31 (b) | 5,750,000 | 6,147,199 |
| County of Miami-Dade, Water & Sewer System, Revenue Bonds | ||
| Insured: BAM | ||
| 3.00%, due 10/1/36 | 2,100,000 | 1,900,952 |
| Series B, Insured: BAM | ||
| 4.00%, due 10/1/49 | 8,000,000 | 7,161,618 |
| County of Miami-Dade, Transit System, Revenue Bonds | ||
| 3.00%, due 7/1/37 | 4,000,000 | 3,616,595 |
| 4.00%, due 7/1/32 | 2,465,000 | 2,465,840 |
| County of Miami-Dade, Aviation, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/33 (b) | 5,000,000 | 5,412,474 |
| County of Pasco, H. Lee Moffitt Cancer Center Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 9/1/48 | 5,000,000 | 5,068,701 |
| County of Pasco, State of Florida Cigarette Tax Revenue, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.75%, due 9/1/54 | 19,000,000 | 20,170,818 |
| County of Sarasota, Utility System, Revenue Bonds | ||
| 5.25%, due 10/1/52 | 5,500,000 | 5,774,425 |
| Florida Housing Finance Corp., Royal Park Apartments, Revenue Bonds | ||
| Series O-1, Insured: FNMA | ||
| 2.30%, due 1/1/40 | 9,253,997 | 6,858,216 |
| Florida Housing Finance Corp., Revenue Bonds | ||
| Series 2, Insured: GNMA / FNMA / FHLMC | ||
| 4.25%, due 7/1/37 | 2,730,000 | 2,729,777 |
| Series 2, Insured: GNMA / FNMA / FHLMC | ||
| 4.50%, due 7/1/47 | 4,715,000 | 4,539,147 |
| Florida State Board of Governors, University of North Florida Dormitory Facilities Revenue, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 11/1/48 | 5,695,000 | 5,815,324 |
| Greater Orlando Aviation Authority, Revenue Bonds (b) | ||
| Series A | ||
| 4.00%, due 10/1/35 | 3,000,000 | 2,969,437 |
| 5.25%, due 10/1/48 | 8,790,000 | 9,048,340 |
| 5.25%, due 10/1/49 | 2,410,000 | 2,472,661 |
| Hillsborough County Aviation Authority, Tampa International Airport, Revenue Bonds (b) | ||
| Series B | ||
| 5.50%, due 10/1/49 | 7,125,000 | 7,492,768 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Hillsborough County Aviation Authority, Tampa International Airport, Revenue Bonds (b) | ||
| Series B | ||
| 5.50%, due 10/1/54 | $ 30,000,000 | $ 31,402,062 |
| Hillsborough County Industrial Development Authority, BayCare Obligated Group, Revenue Bonds | ||
| Series C | ||
| 5.50%, due 11/15/54 | 9,985,000 | 10,566,821 |
| JEA Water & Sewer System, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 10/1/54 | 21,655,000 | 22,896,161 |
| Miami-Dade County Health Facilities Authority, Nicklaus Children's Hospital Project, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 8/1/51 | 5,000,000 | 4,398,350 |
| 5.00%, due 8/1/47 | 4,295,000 | 4,308,611 |
| North Broward Hospital District, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/42 | 6,500,000 | 6,565,785 |
| Series B | ||
| 5.00%, due 1/1/48 | 3,500,000 | 3,513,057 |
| Okaloosa Gas District, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.00%, due 10/1/43 | 7,900,000 | 8,343,741 |
| Series B, Insured: AG | ||
| 5.25%, due 10/1/44 | 5,375,000 | 5,757,586 |
| Orange County Health Facilities Authority, Orlando Health, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/49 | 4,185,000 | 3,623,594 |
| 4.00%, due 10/1/52 | 12,080,000 | 10,146,788 |
| Orange County Health Facilities Authority, Orlando Health, Inc., Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 10/1/52 | 7,000,000 | 6,153,344 |
| Peace River Manasota Regional Water Supply Authority, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 10/1/50 | 6,500,000 | 6,873,602 |
| Putnam County School District, Unlimited General Obligation | ||
| Insured: BAM | ||
| 5.00%, due 7/1/45 | 3,865,000 | 4,045,413 |
| Insured: BAM | ||
| 5.00%, due 7/1/46 | 3,485,000 | 3,622,468 |
| Insured: BAM | ||
| 5.00%, due 7/1/48 | 4,470,000 | 4,609,235 |
| South Broward Hospital District, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 3.00%, due 5/1/51 | 22,045,000 | 16,081,585 |
| 4.00%, due 5/1/48 | 13,135,000 | 11,783,990 |
| St. Lucie County Housing Finance Authority, Live Oak Preservations Ltd., Revenue Bonds | ||
| Insured: FNMA | ||
| 4.45%, due 1/1/41 | 8,315,000 | 8,053,487 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| State of Florida, Unlimited General Obligation | ||
| Series E | ||
| 3.10%, due 6/1/28 | $ 7,235,000 | $ 7,235,735 |
| Village Community Development District No. 8, Special Assessment | ||
| Insured: AG | ||
| 3.50%, due 5/1/40 | 4,685,000 | 4,337,336 |
| West Palm Beach Community Redevelopment Agency, City center community redevelopment, Tax Allocation | ||
| Insured: AG-CR | ||
| 5.00%, due 3/1/34 | 8,450,000 | 8,744,117 |
| Insured: AG-CR | ||
| 5.00%, due 3/1/35 | 9,020,000 | 9,320,242 |
| Wildwood Utility Dependent District, 2023 Project, Revenue Bonds | ||
| Insured: AG | ||
| 5.25%, due 10/1/43 | 10,250,000 | 10,889,814 |
| Insured: AG | ||
| 5.50%, due 10/1/53 | 14,000,000 | 14,665,545 |
| 441,680,016 | ||
| Georgia 3.7% | ||
| Augusta Development Authority, WellStar Health System, Inc. Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.125%, due 4/1/53 | 5,400,000 | 5,525,202 |
| Series A | ||
| 5.125%, due 4/1/53 | 10,000,000 | 10,168,958 |
| Brookhaven Development Authority, Children's Healthcare of Atlanta, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/44 | 25,840,000 | 24,475,578 |
| Series A | ||
| 4.00%, due 7/1/49 | 15,865,000 | 14,302,572 |
| City of Atlanta, Airport Passenger Facility Charge, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 7/1/33 (b) | 2,750,000 | 3,003,194 |
| City of Atlanta, Public Improvement, Unlimited General Obligation | ||
| Series A-1 | ||
| 5.00%, due 12/1/42 | 10,000,000 | 10,571,913 |
| City of Atlanta, Water & Wastewater, Revenue Bonds, Sub. Lien | ||
| 5.00%, due 11/1/44 | 4,435,000 | 4,768,241 |
| Dalton Whitfield County Joint Development Authority, Hamilton Health Care System, Revenue Bonds | ||
| 4.00%, due 8/15/48 | 4,000,000 | 3,547,458 |
| Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project, Revenue Bonds, Second Series | ||
| Series 2 | ||
| 3.375%, due 11/1/48 (a) | 5,650,000 | 5,660,825 |
| Gainesville & Hall County Hospital Authority, Northeast Georgia Health System, Revenue Bonds | ||
| Series A | ||
| 2.50%, due 2/15/51 | 9,500,000 | 5,905,399 |
| Series B, Insured: County Guaranteed | ||
| 5.50%, due 2/15/42 | 9,290,000 | 9,377,910 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia | ||
| Georgia Housing & Finance Authority, Revenue Bonds | ||
| Series B | ||
| 3.55%, due 12/1/42 | $ 5,670,000 | $ 5,066,959 |
| Georgia Ports Authority, Revenue Bonds | ||
| 5.25%, due 7/1/43 | 4,695,000 | 5,015,224 |
| Griffin-Spalding County Hospital Authority, WellStar Health System, Revenue Bonds | ||
| 4.00%, due 4/1/42 | 3,440,000 | 3,193,055 |
| Lawrenceville Housing Authority, HearthSide Lawrenceville Project, Revenue Bonds | ||
| Series FN, Insured: HUD Sector 8 FNMA | ||
| 2.88%, due 4/1/40 | 3,692,771 | 2,839,476 |
| Main Street Energy, Inc., Energy Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/33 | 30,465,000 | 31,921,940 |
| Series D | ||
| 5.00%, due 12/1/33 | 6,600,000 | 6,856,942 |
| Main Street Natural Gas, Inc., Revenue Bonds | ||
| Series C | ||
| 4.00%, due 3/1/50 (a) | 2,975,000 | 2,977,832 |
| Series C | ||
| 4.00%, due 5/1/52 (a) | 18,285,000 | 18,382,913 |
| Series A | ||
| 4.00%, due 7/1/52 (a) | 21,645,000 | 21,838,530 |
| Series A | ||
| 4.00%, due 9/1/52 (a) | 18,500,000 | 18,581,829 |
| Series A | ||
| 5.00%, due 5/15/34 | 2,750,000 | 2,809,893 |
| Series A | ||
| 5.00%, due 5/15/37 | 2,265,000 | 2,370,813 |
| Series A | ||
| 5.00%, due 6/1/53 (a) | 5,605,000 | 5,797,939 |
| Series B | ||
| 5.00%, due 7/1/53 (a) | 12,750,000 | 13,340,563 |
| Series D | ||
| 5.00%, due 4/1/54 (a) | 10,000,000 | 10,511,753 |
| Series A | ||
| 5.00%, due 5/1/54 (a) | 16,665,000 | 17,562,352 |
| Series C | ||
| 5.00%, due 12/1/54 (a) | 9,000,000 | 9,359,636 |
| Series E | ||
| 5.00%, due 5/1/55 (a) | 22,680,000 | 23,650,151 |
| Series A | ||
| 5.50%, due 9/15/27 | 8,860,000 | 9,076,547 |
| Municipal Electric Authority of Georgia, Project One Subordinated Bonds, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/49 | 4,500,000 | 4,003,657 |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 1/1/49 | 5,500,000 | 4,824,694 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia | ||
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/39 | $ 11,250,000 | $ 11,451,493 |
| Series A | ||
| 5.25%, due 7/1/64 | 5,000,000 | 5,074,640 |
| Municipal Electric Authority of Georgia, Power, Revenue Bonds | ||
| Series HH | ||
| 5.00%, due 1/1/36 | 3,515,000 | 3,584,952 |
| Municipal Electric Authority of Georgia, Revenue Bonds | ||
| Series HH | ||
| 5.00%, due 1/1/37 | 3,695,000 | 3,763,347 |
| Series A | ||
| 5.50%, due 7/1/64 | 8,415,000 | 8,557,902 |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/52 | 4,800,000 | 4,864,541 |
| Municipal Electric Authority of Georgia, Project One, Revenue Bonds | ||
| 5.25%, due 1/1/49 | 5,645,000 | 5,851,734 |
| Sandy Springs Public Facilities Authority, Revenue Bonds | ||
| Series B | ||
| 2.00%, due 5/1/40 | 3,000,000 | 2,173,913 |
| 362,612,470 | ||
| Guam 0.1% | ||
| Guam Government Waterworks Authority, Water and Wastewater System, Revenue Bonds | ||
| 5.00%, due 1/1/46 | 5,000,000 | 5,000,649 |
| Hawaii 0.4% | ||
| State of Hawaii, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/31 (b) | 10,420,000 | 10,499,811 |
| State of Hawaii, Airports System, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/54 (b) | 19,205,000 | 20,169,471 |
| State of Hawaii Department of Budget & Finance, Hawaiian Electric Co., Inc., Revenue Bonds | ||
| Insured: AG-CR | ||
| 3.50%, due 10/1/49 (b) | 5,675,000 | 4,701,786 |
| 35,371,068 | ||
| Idaho 0.1% | ||
| Idaho Housing & Finance Association, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.45%, due 1/1/44 | 6,275,000 | 6,170,704 |
| Idaho Housing & Finance Association, Department of Transportation, Transportation Expansion & Congestion, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 8/15/48 | 7,010,000 | 7,379,333 |
| 13,550,037 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois 8.6% | ||
| Chicago Board of Education, Capital Appreciation, School Reform, Unlimited General Obligation | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/1/26 | $ 17,245,000 | $ 17,047,662 |
| Chicago Board of Education, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/27 | 7,000,000 | 7,159,688 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/34 | 3,000,000 | 3,079,227 |
| Chicago Board of Education, Dedicated Capital Improvement, Revenue Bonds | ||
| 5.00%, due 4/1/46 | 9,500,000 | 9,314,777 |
| 5.75%, due 4/1/48 | 23,825,000 | 24,939,943 |
| 6.00%, due 4/1/46 | 63,985,000 | 64,695,317 |
| Chicago O'Hare International Airport, General, Revenue Bonds, Senior Lien | ||
| Series A, Insured: BAM | ||
| 4.00%, due 1/1/43 (b) | 13,500,000 | 12,247,647 |
| Series D, Insured: AG | ||
| 5.00%, due 1/1/38 | 4,750,000 | 5,026,038 |
| Series A, Insured: AG | ||
| 5.50%, due 1/1/53 (b) | 27,100,000 | 27,749,237 |
| Chicago O'Hare International Airport, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.375%, due 1/1/53 (b) | 25,075,000 | 22,932,888 |
| Series A | ||
| 4.50%, due 1/1/48 (b) | 4,725,000 | 4,494,376 |
| Series E | ||
| 5.00%, due 1/1/28 (b) | 18,345,000 | 18,870,714 |
| Series C | ||
| 5.00%, due 1/1/35 (b) | 3,615,000 | 3,942,242 |
| Series A | ||
| 5.25%, due 1/1/41 (b) | 6,695,000 | 7,084,647 |
| Series A | ||
| 5.25%, due 1/1/42 (b) | 7,550,000 | 7,959,829 |
| Series A | ||
| 5.25%, due 1/1/48 (b) | 9,500,000 | 9,698,614 |
| Series E | ||
| 5.50%, due 1/1/48 (b) | 27,380,000 | 28,732,282 |
| Series A | ||
| 5.50%, due 1/1/53 (b) | 7,685,000 | 7,906,545 |
| Series A | ||
| 5.50%, due 1/1/55 (b) | 10,000,000 | 10,209,521 |
| Series E | ||
| 5.50%, due 1/1/55 (b) | 38,385,000 | 39,550,845 |
| Series A | ||
| 5.50%, due 1/1/59 (b) | 8,685,000 | 8,910,573 |
| Series B | ||
| 5.50%, due 1/1/59 | 22,655,000 | 23,742,032 |
| Series E | ||
| 5.50%, due 1/1/60 (b) | 2,000,000 | 2,057,602 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Chicago O'Hare International Airport, Senior Lien, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 1/1/37 (b) | $ 5,000,000 | $ 5,117,024 |
| City of Chicago, Unlimited General Obligation | ||
| Series B | ||
| 4.00%, due 1/1/37 | 4,750,000 | 4,376,989 |
| Series A | ||
| 5.00%, due 1/1/32 | 1,400,000 | 1,431,941 |
| Series A | ||
| 6.00%, due 1/1/38 | 29,950,000 | 30,080,202 |
| Series A, Insured: BAM | ||
| 6.00%, due 1/1/38 | 5,000,000 | 5,038,065 |
| City of Chicago, Waterworks, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 11/1/31 | 3,215,000 | 3,479,157 |
| Series C | ||
| 5.00%, due 11/1/37 | 2,500,000 | 2,680,016 |
| Series A, Insured: BAM | ||
| 5.25%, due 11/1/61 | 10,000,000 | 10,351,418 |
| City of Chicago, Waterworks, Revenue Bonds, Second Lien | ||
| Series A, Insured: AG | ||
| 5.25%, due 11/1/48 | 6,000,000 | 6,243,998 |
| Series A, Insured: AG | ||
| 5.50%, due 11/1/62 | 16,020,000 | 16,570,356 |
| City of Chicago, Wastewater Transmission Project, Revenue Bonds, Second Lien | ||
| Series A, Insured: AG | ||
| 5.25%, due 1/1/42 | 4,000,000 | 4,018,768 |
| Series A, Insured: AG | ||
| 5.50%, due 1/1/62 | 9,425,000 | 9,755,872 |
| City of Springfield, Electric, Revenue Bonds, Senior Lien | ||
| Insured: BAM | ||
| 3.00%, due 3/1/37 | 22,825,000 | 20,912,537 |
| Cook County High School District No. 209, Proviso Township, Limited General Obligation | ||
| Series B, Insured: AG | ||
| 4.00%, due 12/1/38 | 3,000,000 | 2,914,729 |
| County of Cook, Sales Tax, Revenue Bonds | ||
| 4.00%, due 11/15/37 | 4,250,000 | 4,202,355 |
| Grand Prairie Water Commission, Revenue Bonds, Senior Lien | ||
| Insured: BAM | ||
| 5.25%, due 1/1/55 | 4,250,000 | 4,358,741 |
| Illinois Finance Authority, University of Chicago Medical Center Obligated Group, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 8/15/41 | 3,250,000 | 3,055,141 |
| Illinois Finance Authority, Northwestern Memorial Healthcare, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/15/47 | 15,000,000 | 13,449,508 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Illinois Finance Authority, Uchicago Medicine, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/15/52 | $ 7,120,000 | $ 7,062,236 |
| Illinois Finance Authority, University of Chicago (The), Revenue Bonds | ||
| Series A | ||
| 5.25%, due 5/15/54 | 12,500,000 | 12,830,454 |
| Illinois Housing Development Authority, Sustainable Bonds, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 10/1/44 | 10,610,000 | 10,564,759 |
| Illinois Housing Development Authority, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 4/1/46 | 8,750,000 | 8,673,634 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 10/1/54 | 5,750,000 | 6,149,298 |
| Series I, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 10/1/55 | 4,770,000 | 5,206,813 |
| Series G, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 4/1/56 | 9,190,000 | 10,238,791 |
| Illinois State Toll Highway Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/45 | 8,475,000 | 8,969,107 |
| Series A | ||
| 5.00%, due 1/1/46 | 5,915,000 | 6,219,413 |
| Series A | ||
| 5.00%, due 1/1/47 | 40,000,000 | 41,783,080 |
| Kane County Forest Preserve District, Unlimited General Obligation | ||
| Series C | ||
| 3.00%, due 12/15/26 | 2,880,000 | 2,878,855 |
| Lake County Community High School District No. 115, Lake Forest, Unlimited General Obligation | ||
| 4.25%, due 11/1/41 | 7,260,000 | 7,329,107 |
| 4.50%, due 11/1/42 | 7,585,000 | 7,737,742 |
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Capital Appreciation, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/35 | 17,500,000 | 12,300,382 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/36 | 27,500,000 | 18,397,651 |
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Revenue Bonds | ||
| Series B-1, Insured: AG | ||
| (zero coupon), due 6/15/43 | 10,000,000 | 4,647,960 |
| Series A | ||
| 5.00%, due 6/15/57 | 7,000,000 | 6,897,391 |
| Northern Illinois Municipal Power Agency, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/41 | 5,125,000 | 5,138,071 |
| Sales Tax Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/48 | 8,750,000 | 7,600,164 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Sales Tax Securitization Corp., Revenue Bonds | ||
| Series C | ||
| 5.25%, due 1/1/34 | $ 4,250,000 | $ 4,433,476 |
| Series C, Insured: BAM | ||
| 5.25%, due 1/1/48 | 30,000,000 | 30,542,211 |
| Series C | ||
| 5.50%, due 1/1/33 | 7,000,000 | 7,363,007 |
| Sangamon County School District No. 186, Springfield, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.50%, due 6/1/58 | 5,375,000 | 5,567,937 |
| State of Illinois, Unlimited General Obligation | ||
| Series D | ||
| 5.00%, due 11/1/26 | 7,375,000 | 7,411,808 |
| 5.00%, due 2/1/27 | 3,980,000 | 4,021,185 |
| Series D | ||
| 5.00%, due 11/1/27 | 10,000,000 | 10,255,193 |
| 5.00%, due 1/1/28 | 5,155,000 | 5,162,331 |
| Series A | ||
| 5.00%, due 12/1/34 | 4,500,000 | 4,576,499 |
| Series A | ||
| 5.50%, due 3/1/47 | 4,750,000 | 4,939,336 |
| Series A | ||
| 6.00%, due 5/1/27 | 8,190,000 | 8,376,031 |
| United City of Yorkville, Service Area Nos. 2005-108 & 2005-109 Special Tax Refunding Bonds, Special Tax | ||
| Insured: AG | ||
| 5.00%, due 3/1/32 | 2,999,000 | 3,003,196 |
| Village of Bellwood, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 12/1/29 | 1,500,000 | 1,502,477 |
| Village of Rosemont, Corporate Purpose, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/40 | 6,790,000 | 6,807,540 |
| Village of Schaumburg, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 4.00%, due 12/1/41 | 32,050,000 | 31,122,678 |
| Will County School District No. 114, Manhattan, Unlimited General Obligation | ||
| Insured: BAM | ||
| 5.50%, due 1/1/49 | 6,210,000 | 6,492,372 |
| 847,591,248 | ||
| Indiana 1.1% | ||
| Crown Point Multi School Building Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 5.00%, due 1/15/40 | 15,000,000 | 15,633,660 |
| Greater Clark Building Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 6.00%, due 1/15/42 | 4,750,000 | 5,254,291 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Indiana | ||
| Indiana Finance Authority, Indiana University Health, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/41 | $ 7,750,000 | $ 8,206,846 |
| Series B-2 | ||
| 5.00%, due 10/1/60 (a) | 9,000,000 | 9,584,648 |
| Indiana Finance Authority, CWA Authority, Inc., Revenue Bonds, First Lien | ||
| Series B | ||
| 5.25%, due 10/1/47 | 13,695,000 | 14,130,757 |
| Indiana Housing & Community Development Authority, Revenue Bonds | ||
| Series C-1, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 7/1/49 | 11,000,000 | 10,719,323 |
| Series B-1, Insured: GNMA / FNMA / FHLMC | ||
| 4.85%, due 7/1/46 | 20,145,000 | 20,267,619 |
| Series A-1, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 7/1/53 | 1,890,000 | 1,988,358 |
| Indiana Municipal Power Agency, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 1/1/43 | 11,000,000 | 11,662,234 |
| Series A | ||
| 5.50%, due 1/1/47 | 8,115,000 | 8,555,379 |
| 106,003,115 | ||
| Iowa 0.8% | ||
| Ames Community School District, Unlimited General Obligation | ||
| 1.875%, due 6/1/36 | 4,000,000 | 3,111,960 |
| 1.875%, due 6/1/37 | 4,000,000 | 3,014,676 |
| City of Des Moines, Unlimited General Obligation | ||
| Series F | ||
| 2.00%, due 6/1/37 | 4,450,000 | 3,422,644 |
| PEFA, Inc., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/35 | 24,410,000 | 25,613,330 |
| 5.00%, due 9/1/49 (a) | 14,795,000 | 14,816,913 |
| State of Iowa Board of Regents, University of Iowa Health Care's Hospital System, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 9/1/48 | 3,760,000 | 3,651,259 |
| Series A | ||
| 4.75%, due 9/1/50 | 13,675,000 | 13,518,628 |
| Waukee Community School District, Unlimited General Obligation | ||
| Series B | ||
| 2.00%, due 6/1/35 | 4,000,000 | 3,246,244 |
| Series B | ||
| 2.00%, due 6/1/37 | 4,265,000 | 3,260,530 |
| Series B | ||
| 2.00%, due 6/1/38 | 5,370,000 | 4,012,631 |
| 77,668,815 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Kansas 0.4% | ||
| City of Hutchinson, Hutchinson Regional Medical Center, Inc., Revenue Bonds | ||
| 5.00%, due 12/1/26 | $ 565,000 | $ 564,809 |
| 5.00%, due 12/1/28 | 410,000 | 407,977 |
| 5.00%, due 12/1/30 | 500,000 | 489,854 |
| University of Kansas Hospital Authority, Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/43 | 3,000,000 | 3,159,870 |
| Series A | ||
| 5.00%, due 3/1/44 | 3,250,000 | 3,405,131 |
| Series A | ||
| 5.25%, due 3/1/47 | 5,150,000 | 5,439,615 |
| Series A | ||
| 5.50%, due 3/1/51 | 10,000,000 | 10,662,891 |
| Series A | ||
| 5.50%, due 3/1/54 | 15,000,000 | 15,916,275 |
| 40,046,422 | ||
| Kentucky 0.9% | ||
| Campbell Kenton & Boone Counties Sanitation District No. 1, Revenue Bonds | ||
| 4.00%, due 8/1/34 | 7,620,000 | 7,357,185 |
| County of Carroll, Kentucky Utilities Co., Revenue Bonds | ||
| Series B | ||
| 2.125%, due 10/1/34 (b) | 7,500,000 | 6,173,578 |
| Kentucky Housing Corp., Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 5,000,000 | 5,439,844 |
| Kentucky Public Energy Authority, Gas Supply, Revenue Bonds | ||
| Series A-2 | ||
| 3.645%, due 8/1/52 | 18,100,000 | 18,198,621 |
| Series C | ||
| 4.00%, due 2/1/50 (a) | 8,640,000 | 8,705,188 |
| Series A-1 | ||
| 4.00%, due 8/1/52 (a) | 8,450,000 | 8,494,722 |
| Series A | ||
| 5.00%, due 5/1/55 (a) | 8,830,000 | 9,152,488 |
| Kentucky Public Energy Authority, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 5/1/36 | 14,690,000 | 15,224,440 |
| Series A | ||
| 5.25%, due 6/1/55 (a) | 2,915,000 | 3,066,063 |
| Louisville and Jefferson County Metropolitan Sewer District, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/39 | 5,000,000 | 4,661,697 |
| Series A | ||
| 4.00%, due 5/15/40 | 5,000,000 | 4,641,609 |
| 91,115,435 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Louisiana 0.8% | ||
| City of New Orleans, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 12/1/31 | $ 3,105,000 | $ 3,294,061 |
| Series A | ||
| 5.00%, due 12/1/36 | 2,805,000 | 2,876,150 |
| Series A | ||
| 5.50%, due 12/1/51 | 9,625,000 | 10,071,200 |
| Ernest N Morial New Orleans Exhibition Hall Authority, Special Tax | ||
| 5.50%, due 7/15/53 | 17,135,000 | 17,593,433 |
| Louisiana Housing Corp., Sustainable Bonds, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 3.25%, due 6/1/52 | 1,060,000 | 1,050,121 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 5/15/47 | 4,250,000 | 3,064,836 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Obligated Group, Revenue Bonds | ||
| 4.00%, due 5/15/42 | 4,250,000 | 3,875,136 |
| Louisiana Public Facilities Authority, I-10 Calcasieu River Bridge Public-Private Partnership Project, Revenue Bonds, Senior Lien (b) | ||
| 5.50%, due 9/1/54 | 4,385,000 | 4,447,558 |
| 5.50%, due 9/1/59 | 2,120,000 | 2,148,258 |
| Louisiana Public Facilities Authority, Calcasieu Bridge Partners LLC, Revenue Bonds, Senior Lien | ||
| 5.75%, due 9/1/64 (b) | 11,100,000 | 11,428,410 |
| New Orleans Aviation Board, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 5.25%, due 1/1/45 (b) | 4,000,000 | 4,134,110 |
| Port New Orleans Board of Commissioners, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 4/1/44 (b) | 5,750,000 | 5,787,077 |
| Terrebonne Parish Hospital Service District No. 1, General Medical Center Project, Revenue Bonds | ||
| 5.50%, due 4/1/51 | 5,510,000 | 5,743,420 |
| 75,513,770 | ||
| Maine 0.0% ‡ | ||
| Maine State Housing Authority, Revenue Bonds | ||
| Series D | ||
| 2.65%, due 11/15/46 | 2,380,000 | 1,764,053 |
| Series E | ||
| 4.55%, due 11/15/45 | 3,000,000 | 2,983,918 |
| 4,747,971 | ||
| Maryland 0.1% | ||
| Maryland Community Development Administration, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/54 | 5,070,000 | 5,439,181 |
| Maryland Department of Housing & Community Development, Revenue Bonds | ||
| Series G | ||
| 6.25%, due 9/1/56 | 3,500,000 | 3,899,577 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Maryland | ||
| Maryland Stadium Authority, Baltimore City Public School Construction Financing Fund, Revenue Bonds | ||
| Series A, Insured: State Intercept | ||
| 5.00%, due 5/1/34 | $ 4,250,000 | $ 4,372,936 |
| 13,711,694 | ||
| Massachusetts 2.5% | ||
| Boston Water & Sewer Commission, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 11/1/41 | 7,000,000 | 5,903,200 |
| City of Worcester, Limited General Obligation | ||
| Insured: AG | ||
| 3.00%, due 2/1/37 | 1,925,000 | 1,758,158 |
| Commonwealth of Massachusetts, Consolidated Loan, Limited General Obligation | ||
| Series B | ||
| 3.00%, due 2/1/48 | 15,000,000 | 11,405,525 |
| Series C | ||
| 3.00%, due 3/1/49 | 9,425,000 | 7,092,580 |
| Massachusetts Bay Transportation Authority, Sales Tax, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 7/1/31 | 11,500,000 | 9,730,351 |
| Massachusetts Development Finance Agency, Mass General Brigham Issue, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 7/1/45 | 4,000,000 | 4,227,977 |
| Series F | ||
| 5.00%, due 7/1/46 | 9,000,000 | 9,448,789 |
| Massachusetts Development Finance Agency, Beth Israel Lahey Health, Revenue Bonds | ||
| Series N, Insured: AG | ||
| 5.00%, due 7/1/50 | 3,130,000 | 3,210,170 |
| Series N, Insured: AG | ||
| 5.50%, due 7/1/50 | 30,850,000 | 33,080,902 |
| Series N, Insured: AG | ||
| 5.50%, due 7/1/55 | 14,500,000 | 15,335,281 |
| Series N, Insured: AG-CR | ||
| 5.50%, due 7/1/55 | 20,000,000 | 21,150,728 |
| Massachusetts Educational Financing Authority, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 7/1/28 | 2,000,000 | 2,055,725 |
| Series B | ||
| 5.00%, due 7/1/30 | 3,960,000 | 4,198,238 |
| Massachusetts Housing Finance Agency, Revenue Bonds | ||
| Series 220, Insured: GNMA / FNMA / FHLMC | ||
| 2.125%, due 12/1/40 | 6,670,000 | 4,924,441 |
| Series 222, Insured: GNMA / FNMA / FHLMC | ||
| 2.30%, due 12/1/41 | 4,115,000 | 3,125,087 |
| Series 220, Insured: GNMA / FNMA / FHLMC | ||
| 2.30%, due 12/1/44 | 4,500,000 | 3,243,411 |
| Series A-1, Insured: FHA 542(c) | ||
| 3.00%, due 12/1/45 | 2,205,000 | 1,758,959 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Massachusetts | ||
| Massachusetts Housing Finance Agency, Revenue Bonds | ||
| Series A-2, Insured: HUD Sector 8 | ||
| 4.50%, due 12/1/65 | $ 13,005,000 | $ 11,881,176 |
| Series D-2, Insured: HUD Sector 8 FHA | ||
| 4.90%, due 6/1/66 | 14,960,000 | 14,665,334 |
| Series 249, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 12/1/50 | 5,485,000 | 5,570,235 |
| Series C-2, Insured: HUD Sector 8 FHA | ||
| 5.111%, due 6/1/66 | 41,000,000 | 41,401,480 |
| Massachusetts Water Resources Authority, Revenue Bonds | ||
| Series D | ||
| 3.00%, due 8/1/42 | 29,000,000 | 29,000,000 |
| Town of Belmont, Limited General Obligation | ||
| 2.00%, due 6/1/34 | 3,175,000 | 2,751,134 |
| Town of Middleton, Limited General Obligation | ||
| 2.00%, due 12/15/39 | 2,675,000 | 1,987,958 |
| Town of Stoneham, Limited General Obligation | ||
| 2.25%, due 1/15/39 | 4,430,000 | 3,512,417 |
| 252,419,256 | ||
| Michigan 1.4% | ||
| Great Lakes Water Authority, Sewage Disposal System, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.25%, due 7/1/52 | 5,000,000 | 5,165,704 |
| Great Lakes Water Authority, Sewage Disposal System, Revenue Bonds, Second Lien | ||
| Series B | ||
| 5.50%, due 7/1/52 | 9,950,000 | 10,407,195 |
| Great Lakes Water Authority, Water Supply System, Revenue Bonds, Second Lien | ||
| Series B | ||
| 5.50%, due 7/1/52 | 6,305,000 | 6,594,710 |
| Holly Area School District, Unlimited General Obligation | ||
| Series I, Insured: Q-SBLF | ||
| 5.25%, due 5/1/48 | 3,415,000 | 3,556,374 |
| Lapeer Community Schools, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.25%, due 5/1/46 | 9,000,000 | 9,418,401 |
| Michigan Finance Authority, Trinity Health Corp., Revenue Bonds (a) | ||
| Series MI-3 | ||
| 3.75%, due 12/1/38 | 7,000,000 | 7,120,260 |
| Series MI-2 | ||
| 3.875%, due 12/1/44 (d) | 11,000,000 | 11,003,935 |
| Michigan Finance Authority, McLaren Health Care Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 2/15/44 | 26,290,000 | 24,061,063 |
| Michigan Finance Authority, Trinity Health Corp. Obligated Group, Revenue Bonds | ||
| Series MI | ||
| 4.00%, due 12/1/45 | 7,725,000 | 6,986,526 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan | ||
| Michigan Finance Authority, Trinity Health Credit Group, Revenue Bonds | ||
| Series MI | ||
| 4.00%, due 12/1/46 | $ 9,750,000 | $ 8,718,141 |
| Michigan Finance Authority, Beaumont Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/44 | 4,660,000 | 4,659,976 |
| Michigan State Housing Development Authority, Rental Housing, Revenue Bonds | ||
| Series A | ||
| 3.75%, due 4/1/27 | 5,510,000 | 5,510,063 |
| Michigan State Housing Development Authority, Revenue Bonds | ||
| Series A | ||
| 4.35%, due 10/1/47 | 9,095,000 | 8,696,447 |
| Series A | ||
| 4.70%, due 12/1/43 | 4,800,000 | 4,826,191 |
| Saginaw Hospital Finance Authority, Covenant Medical Center, Inc., Revenue Bonds | ||
| Series L | ||
| 5.25%, due 7/1/56 | 5,000,000 | 5,106,995 |
| Southgate Community School District, Unlimited General Obligation | ||
| Series II, Insured: Q-SBLF | ||
| 5.25%, due 5/1/49 | 9,440,000 | 9,798,915 |
| State of Michigan, Trunk Line, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/44 | 8,500,000 | 7,951,612 |
| 139,582,508 | ||
| Minnesota 1.5% | ||
| County of Washington, Unlimited General Obligation | ||
| Series A | ||
| 2.25%, due 2/1/28 | 4,450,000 | 4,404,823 |
| Elk River Independent School District No. 728, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 2.25%, due 2/1/36 | 5,250,000 | 4,428,992 |
| Series A, Insured: SD CRED PROG | ||
| 2.50%, due 2/1/38 | 9,000,000 | 7,445,791 |
| Minneapolis-St. Paul Metropolitan Airports Commission, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/28 (b) | 5,000,000 | 5,125,820 |
| Minnesota Housing Finance Agency, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 2.80%, due 1/1/44 | 2,915,000 | 2,296,300 |
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 1/1/52 | 4,360,000 | 4,286,746 |
| Series U, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 19,270,000 | 21,186,945 |
| Minnesota Housing Finance Agency, Residential Housing Finance, Revenue Bonds | ||
| Series R, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/54 | 4,885,000 | 5,246,429 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Minnesota | ||
| Minnesota Municipal Gas Agency, Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/35 | $ 62,300,000 | $ 63,824,593 |
| Moorhead Independent School District No. 152, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 2.50%, due 2/1/38 | 8,000,000 | 6,541,408 |
| Mounds View Independent School District No. 621, School Building, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 3.55%, due 2/1/38 | 7,500,000 | 6,812,557 |
| White Bear Lake Independent School District No. 624, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 2.50%, due 2/1/39 | 8,300,000 | 6,556,512 |
| Series A, Insured: SD CRED PROG | ||
| 2.50%, due 2/1/40 | 8,105,000 | 6,257,750 |
| Series A, Insured: SD CRED PROG | ||
| 3.00%, due 2/1/43 | 4,060,000 | 3,266,247 |
| 147,680,913 | ||
| Mississippi 0.2% | ||
| Mississippi Home Corp., Jackson Housing Portfolio Project, Revenue Bonds | ||
| Series 1, Insured: HUD Sector 8 FNMA | ||
| 4.55%, due 4/1/42 | 4,965,000 | 5,005,149 |
| Mississippi Home Corp., Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 12/1/46 | 10,335,000 | 10,304,595 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 12/1/39 | 7,500,000 | 7,904,546 |
| 23,214,290 | ||
| Missouri 0.9% | ||
| Health & Educational Facilities Authority of the State of Missouri, Mercy Health, Revenue Bonds | ||
| 3.00%, due 6/1/53 | 6,370,000 | 4,327,913 |
| 5.50%, due 12/1/48 | 24,245,000 | 25,624,618 |
| Health & Educational Facilities Authority of the State of Missouri, St Luke's Health System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/48 | 8,500,000 | 7,577,151 |
| Health & Educational Facilities Authority of the State of Missouri, CoxHealth, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/49 | 6,750,000 | 5,873,646 |
| Health & Educational Facilities Authority of the State of Missouri, BJC Healthcare, Revenue Bonds | ||
| Series D | ||
| 4.00%, due 1/1/58 (a) | 13,020,000 | 11,438,056 |
| Missouri Housing Development Commission, First Place Homeownership Loan Program, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.25%, due 5/1/47 | 810,000 | 814,896 |
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/56 | 10,000,000 | 10,851,936 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Missouri | ||
| Missouri Housing Development Commission, First Place Homeownership Loan Program, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/57 | $ 7,000,000 | $ 7,741,647 |
| Missouri State Environmental Improvement & Energy Resources Authority, Revenue Bonds | ||
| Series C | ||
| 2.75%, due 9/1/33 | 8,000,000 | 7,199,230 |
| Missouri State Environmental Improvement & Energy Resources Authority, Union Electric Co., Revenue Bonds | ||
| Series B | ||
| 2.90%, due 9/1/33 | 5,000,000 | 4,636,795 |
| 86,085,888 | ||
| Nebraska 1.2% | ||
| County of Sarpy, Highway Allocation Fund, Limited General Obligation | ||
| 1.875%, due 6/1/39 | 2,890,000 | 2,088,967 |
| Douglas County Hospital Authority No. 3, Nebraska Methodist Health System, Revenue Bonds | ||
| 5.00%, due 11/1/49 | 3,705,000 | 3,779,956 |
| Nebraska Investment Finance Authority, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 4.55%, due 9/1/44 | 5,175,000 | 5,131,120 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 3/1/41 | 5,000,000 | 5,432,264 |
| Series G, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 9/1/55 | 12,485,000 | 13,726,601 |
| Omaha Public Power District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/44 | 9,500,000 | 10,163,834 |
| Series A | ||
| 5.25%, due 2/1/52 | 15,930,000 | 16,454,784 |
| Series A | ||
| 5.50%, due 2/1/54 | 26,625,000 | 28,021,087 |
| Omaha School District, Unlimited General Obligation | ||
| 1.75%, due 12/15/36 | 7,635,000 | 5,792,567 |
| 1.75%, due 12/15/37 | 6,755,000 | 4,964,021 |
| Village of Boys Town Projects, Revenue Bonds | ||
| 5.00%, due 7/1/46 | 25,500,000 | 26,241,193 |
| 121,796,394 | ||
| Nevada 0.4% | ||
| Clark County School District, Limited General Obligation | ||
| Series B, Insured: BAM | ||
| 3.00%, due 6/15/36 | 4,085,000 | 3,638,357 |
| Las Vegas Convention & Visitors Authority, Convention Center Expansion, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/49 | 31,230,000 | 27,514,370 |
| Nevada Housing Division, Revenue Bonds, Senior Lien | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 10/1/46 | 8,350,000 | 8,316,865 |
| 39,469,592 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Hampshire 3.3% | ||
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| (zero coupon), due 12/15/41 | $ 3,000,000 | $ 1,133,053 |
| Series 2 | ||
| 3.625%, due 8/20/39 | 19,583,095 | 18,429,607 |
| Series 1, Class A-1 | ||
| 4.166%, due 1/20/41 (a) | 8,888,439 | 8,513,553 |
| Series 1, Class A | ||
| 4.166%, due 1/20/41 (a) | 7,402,863 | 7,090,634 |
| Series 4, Class A | ||
| 4.182%, due 11/20/39 (a) | 18,742,372 | 18,056,630 |
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (a) | 29,209,566 | 27,720,299 |
| Series 1, Class A-1 | ||
| 4.25%, due 7/20/41 (a) | 34,938,597 | 33,004,991 |
| Series 2 | ||
| 4.25%, due 7/20/41 | 4,370,832 | 4,213,146 |
| Series 2, Class A-1 | ||
| 4.40%, due 2/20/43 (a) | 35,456,295 | 35,165,330 |
| Series 2, Class A-2 | ||
| 4.40%, due 2/20/43 (a) | 7,241,074 | 6,976,665 |
| Series 3, Class A-1 | ||
| 4.946%, due 2/20/41 (a) | 23,091,983 | 23,119,809 |
| New Hampshire Business Finance Authority, St. Luke's Hospital Obligated Group, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 3.00%, due 8/15/46 | 2,995,000 | 2,401,994 |
| New Hampshire Business Finance Authority, Sustainable Certificates, Revenue Bonds | ||
| Series 3, Class A | ||
| 4.162%, due 10/1/51 (a) | 15,538,248 | 14,839,754 |
| New Hampshire Business Finance Authority, Centurion Foundation Andrews Avenue Med Center LLC, Revenue Bonds | ||
| Series A | ||
| 5.625%, due 9/15/57 | 36,300,000 | 37,081,245 |
| New Hampshire Business Finance Authority, Wheeling Power Co., Revenue Bonds | ||
| Series A | ||
| 6.89%, due 4/1/34 (d) | 57,175,000 | 59,647,213 |
| New Hampshire Housing Finance Authority, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/56 | 12,210,000 | 13,582,508 |
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 6,075,000 | 6,576,851 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 1/1/56 | 9,940,000 | 11,077,269 |
| 328,630,551 | ||
| New Jersey 1.7% | ||
| New Jersey Economic Development Authority, New Jersey-American Water Co., Inc., Revenue Bonds (a)(b) | ||
| Series D | ||
| 1.10%, due 11/1/29 | 6,500,000 | 6,212,511 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Jersey | ||
| New Jersey Economic Development Authority, New Jersey-American Water Co., Inc., Revenue Bonds (a)(b) | ||
| Series A | ||
| 2.20%, due 10/1/39 | $ 10,000,000 | $ 9,409,874 |
| Series B | ||
| 3.75%, due 11/1/34 | 4,625,000 | 4,654,456 |
| New Jersey Economic Development Authority, The Goethals Bridge Replacement Project, Revenue Bonds | ||
| 5.00%, due 1/1/28 (b) | 1,000,000 | 1,002,851 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Senior Lien | ||
| Series B | ||
| 4.25%, due 12/1/45 (b) | 4,610,000 | 4,506,658 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds | ||
| Series M | ||
| 4.75%, due 10/1/40 | 4,160,000 | 4,224,723 |
| Series M | ||
| 5.10%, due 10/1/50 | 4,405,000 | 4,445,864 |
| New Jersey Transportation Trust Fund Authority, Transportation System, Revenue Bonds | ||
| Series C, Insured: NATL-RE | ||
| (zero coupon), due 12/15/30 | 6,000,000 | 5,184,173 |
| Series C, Insured: AG | ||
| (zero coupon), due 12/15/34 | 20,000,000 | 14,690,748 |
| Series A | ||
| (zero coupon), due 12/15/37 | 15,000,000 | 9,376,236 |
| Series A | ||
| 5.00%, due 12/15/26 | 3,500,000 | 3,526,426 |
| New Jersey Transportation Trust Fund Authority, State of New Jersey, Revenue Bonds | ||
| Series AA | ||
| 5.25%, due 6/15/41 | 8,235,000 | 8,951,469 |
| New Jersey Transportation Trust Fund Authority, Transportation Program, Revenue Bonds | ||
| Series AA | ||
| 5.25%, due 6/15/43 | 10,525,000 | 10,781,687 |
| New Jersey Turnpike Authority, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 1/1/45 | 11,600,000 | 12,222,482 |
| Series B | ||
| 5.00%, due 1/1/46 | 14,150,000 | 14,779,877 |
| Series B | ||
| 5.25%, due 1/1/52 | 35,000,000 | 36,581,566 |
| State of New Jersey, Various Purpose, Unlimited General Obligation | ||
| 2.00%, due 6/1/37 | 7,500,000 | 5,786,197 |
| Tobacco Settlement Financing Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/30 | 6,815,000 | 7,017,333 |
| Series A | ||
| 5.00%, due 6/1/33 | 3,250,000 | 3,327,951 |
| Township of Edison, Unlimited General Obligation | ||
| 2.00%, due 3/15/36 | 4,545,000 | 3,579,333 |
| 170,262,415 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Mexico 0.3% | ||
| New Mexico Hospital Equipment Loan Council, Presbyterian Healthcare Services, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/1/39 | $ 1,400,000 | $ 1,286,120 |
| New Mexico Mortgage Finance Authority, Single-Family Mortgage Program, Revenue Bonds | ||
| Series C, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 1/1/52 | 5,540,000 | 5,440,705 |
| New Mexico Mortgage Finance Authority, Revenue Bonds | ||
| Series D, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 7/1/52 | 7,515,000 | 7,372,344 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 3/1/53 | 10,620,000 | 10,391,793 |
| Series E, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 9/1/46 (e) | 3,100,000 | 3,090,250 |
| New Mexico Mortgage Finance Authority, Single Family Mortgage Program, Revenue Bonds | ||
| Series A, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 3/1/56 | 3,640,000 | 3,926,368 |
| 31,507,580 | ||
| New York 10.9% | ||
| City of New York, Unlimited General Obligation | ||
| Series B-1 | ||
| 5.25%, due 10/1/33 | 6,260,000 | 6,404,746 |
| Series G-1 | ||
| 5.25%, due 2/1/45 | 5,000,000 | 5,355,790 |
| Series D | ||
| 5.50%, due 4/1/46 | 23,215,000 | 24,986,994 |
| Hudson Yards Infrastructure Corp., Second Indenture, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/39 | 4,500,000 | 4,532,934 |
| Long Island Power Authority, Revenue Bonds | ||
| Series B | ||
| 1.50%, due 9/1/51 (a) | 5,000,000 | 4,993,532 |
| Long Island Power Authority, Electric System, Revenue Bonds | ||
| 5.00%, due 9/1/37 | 2,000,000 | 2,064,896 |
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 11/15/36 | 3,500,000 | 3,459,661 |
| Series B-1 | ||
| 5.00%, due 11/15/42 | 10,000,000 | 10,714,566 |
| Series B-2 | ||
| 5.00%, due 11/15/48 | 9,860,000 | 10,204,470 |
| Series A | ||
| 5.25%, due 11/15/49 | 8,990,000 | 9,273,508 |
| Metropolitan Transportation Authority, Special Tax | ||
| Series A | ||
| 5.00%, due 11/15/49 | 5,000,000 | 5,153,764 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Metropolitan Transportation Authority, Green Bond, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 11/15/44 | $ 5,750,000 | $ 5,870,844 |
| Metropolitan Transportation Authority, Metropolitan Transportation Authority Dedicated Tax Fund, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/45 | 6,725,000 | 6,970,970 |
| New York City Housing Development Corp., Sustainable Neighborhood, Revenue Bonds | ||
| Series E-1 | ||
| 3.00%, due 11/1/39 | 3,135,000 | 2,648,585 |
| Series A-1 | ||
| 4.15%, due 11/1/38 | 11,990,000 | 11,787,412 |
| Series A-1 | ||
| 4.25%, due 11/1/43 | 5,380,000 | 5,190,167 |
| New York City Housing Development Corp., Triborough Preservation LLC, Revenue Bonds | ||
| Series A-1 | ||
| 3.95%, due 11/15/44 | 3,000,000 | 2,718,679 |
| New York City Housing Development Corp., Revenue Bonds | ||
| Series C-1-B | ||
| 3.95%, due 11/1/48 | 7,355,000 | 6,494,154 |
| Series F-1-A | ||
| 4.30%, due 11/1/44 | 5,650,000 | 5,472,384 |
| New York City Municipal Water Finance Authority, Water & Sewer System Second General Resolution, Revenue Bonds | ||
| Series BB-1 | ||
| 3.00%, due 6/15/44 | 31,075,000 | 24,722,891 |
| Series BB-1 | ||
| 4.00%, due 6/15/45 | 6,905,000 | 6,584,927 |
| Series BB-1 | ||
| 5.00%, due 6/15/44 | 3,250,000 | 3,396,574 |
| New York City Municipal Water Finance Authority, Water & Sewer System, Revenue Bonds | ||
| Series BB-1 | ||
| 5.25%, due 6/15/54 | 6,930,000 | 7,169,576 |
| Series CC-1 | ||
| 5.25%, due 6/15/54 | 7,070,000 | 7,365,973 |
| Series BB | ||
| 5.25%, due 6/15/55 | 30,000,000 | 31,338,018 |
| New York City Transitional Finance Authority, Building Aid, Revenue Bonds | ||
| Series S-1B, Insured: State Aid Withholding | ||
| 3.00%, due 7/15/49 | 10,000,000 | 7,306,235 |
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series C-1 | ||
| 4.00%, due 11/1/42 | 3,925,000 | 3,701,006 |
| Series E-1 | ||
| 4.00%, due 2/1/46 | 15,105,000 | 13,839,174 |
| Series A-1 | ||
| 5.00%, due 5/1/40 | 4,400,000 | 4,726,807 |
| Series C-3 | ||
| 5.00%, due 5/1/41 | 5,250,000 | 5,350,922 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series H-1 | ||
| 5.00%, due 11/1/41 | $ 3,890,000 | $ 4,142,695 |
| Series C-1 | ||
| 5.00%, due 5/1/42 | 5,295,000 | 5,604,455 |
| Series E | ||
| 5.00%, due 11/1/42 | 8,865,000 | 9,378,202 |
| Series H-1 | ||
| 5.25%, due 11/1/45 | 3,065,000 | 3,286,493 |
| Series C | ||
| 5.25%, due 5/1/48 | 7,000,000 | 7,298,110 |
| Series D | ||
| 5.25%, due 5/1/48 | 7,980,000 | 8,353,123 |
| Series C-1 | ||
| 5.25%, due 5/1/49 | 2,715,000 | 2,835,341 |
| Series C | ||
| 5.50%, due 5/1/42 | 10,000,000 | 10,931,639 |
| Series C | ||
| 5.50%, due 5/1/43 | 5,000,000 | 5,447,489 |
| Series C | ||
| 5.50%, due 5/1/44 | 22,000,000 | 23,845,120 |
| Series D-1 | ||
| 5.50%, due 11/1/45 | 14,760,000 | 15,903,367 |
| Series E | ||
| 5.50%, due 11/1/49 | 17,250,000 | 18,402,831 |
| Series H-1 | ||
| 5.50%, due 11/1/51 | 5,545,000 | 5,902,624 |
| Series C | ||
| 5.50%, due 5/1/53 | 12,500,000 | 13,173,484 |
| New York Energy Finance Development Corp., Revenue Bonds | ||
| 5.00%, due 7/1/56 (a) | 4,750,000 | 4,832,946 |
| New York Liberty Development Corp., Port Authority of New York & New Jersey, Revenue Bonds | ||
| Series 1WTC | ||
| 2.25%, due 2/15/41 | 9,580,000 | 6,814,419 |
| New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project, Revenue Bonds | ||
| 2.45%, due 9/15/69 | 11,125,000 | 10,746,205 |
| New York Liberty Development Corp., 4 World Trade Center Project, Revenue Bonds | ||
| Series A | ||
| 2.50%, due 11/15/36 | 4,000,000 | 3,327,364 |
| Series A | ||
| 2.75%, due 11/15/41 | 14,255,000 | 10,830,658 |
| Series A | ||
| 2.875%, due 11/15/46 | 31,600,000 | 23,198,097 |
| New York Liberty Development Corp., 1 World Trade Center Project, Revenue Bonds | ||
| Insured: BAM | ||
| 2.75%, due 2/15/44 | 18,900,000 | 14,437,631 |
| Insured: AG-CR | ||
| 3.00%, due 2/15/42 | 22,150,000 | 18,216,798 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York Liberty Development Corp., 1 World Trade Center Project, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 2/15/43 | $ 475,000 | $ 447,137 |
| New York Liberty Development Corp., Port Authority, Revenue Bonds | ||
| Series 1WTC | ||
| 2.75%, due 2/15/44 | 16,525,000 | 12,525,482 |
| New York Liberty Development Corp., Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 2.875%, due 11/15/46 | 9,835,000 | 7,315,537 |
| New York State Dormitory Authority, Fordham University, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/38 | 10,065,000 | 8,833,477 |
| New York State Dormitory Authority, NYU Langone Hospitals Obligated Group, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/48 | 9,000,000 | 6,604,854 |
| New York State Dormitory Authority, State Personal Income Tax, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/15/39 | 14,575,000 | 14,284,468 |
| Series A | ||
| 4.00%, due 3/15/40 | 13,840,000 | 13,427,619 |
| Series E | ||
| 4.00%, due 3/15/45 | 2,550,000 | 2,353,834 |
| New York State Dormitory Authority, School Districts, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 10/1/36 | 3,730,000 | 3,952,837 |
| New York State Dormitory Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/15/48 | 13,690,000 | 14,164,350 |
| New York State Dormitory Authority, Cornell University, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/54 | 34,935,000 | 37,335,314 |
| New York State Dormitory Authority, New York University, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| 5.75%, due 7/1/27 | 715,000 | 733,979 |
| New York State Environmental Facilities Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/15/46 | 2,800,000 | 2,623,563 |
| New York State Housing Finance Agency, Revenue Bonds | ||
| Series H-1, Insured: SONYMA | ||
| 5.00%, due 11/1/56 | 18,815,000 | 18,800,924 |
| New York State Thruway Authority, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 3.00%, due 1/1/46 | 9,715,000 | 7,325,961 |
| Series A | ||
| 5.00%, due 9/15/44 | 10,000,000 | 10,641,625 |
| Series A | ||
| 5.00%, due 9/15/46 | 10,000,000 | 10,528,459 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York State Thruway Authority, Revenue Bonds | ||
| Series R | ||
| 5.00%, due 1/1/48 | $ 21,000,000 | $ 21,777,115 |
| Series A | ||
| 5.00%, due 9/15/51 | 55,475,000 | 56,869,364 |
| Series A | ||
| 5.00%, due 9/15/53 | 24,450,000 | 24,938,352 |
| New York State Urban Development Corp., Personal Income Tax, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/15/42 | 10,000,000 | 10,549,778 |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Revenue Bonds (b) | ||
| Insured: AG-CR | ||
| 5.00%, due 12/1/28 | 4,250,000 | 4,422,583 |
| Insured: AG-CR | ||
| 5.00%, due 12/1/29 | 7,900,000 | 8,322,026 |
| 5.00%, due 12/1/30 | 10,000,000 | 10,584,037 |
| 5.00%, due 12/1/34 | 4,000,000 | 4,242,561 |
| 5.00%, due 12/1/36 | 2,000,000 | 2,099,047 |
| 5.00%, due 12/1/37 | 3,000,000 | 3,131,492 |
| 5.00%, due 12/1/40 | 2,875,000 | 2,958,356 |
| Insured: AG | ||
| 5.50%, due 6/30/43 | 5,015,000 | 5,236,943 |
| New York Transportation Development Corp., JFK International Airport, Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.00%, due 6/30/49 | 6,000,000 | 5,984,113 |
| Insured: AG | ||
| 6.00%, due 6/30/50 | 20,000,000 | 21,498,362 |
| New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 12/31/54 (b) | 20,000,000 | 20,325,068 |
| Port Authority of New York & New Jersey, Revenue Bonds (b) | ||
| Series 223 | ||
| 4.00%, due 7/15/46 | 4,175,000 | 3,747,426 |
| Series 242 | ||
| 5.00%, due 12/1/30 | 10,000,000 | 10,687,576 |
| Series 242 | ||
| 5.00%, due 12/1/31 | 18,000,000 | 19,375,274 |
| Series 231 | ||
| 5.50%, due 8/1/40 | 9,205,000 | 9,866,176 |
| Series 231 | ||
| 5.50%, due 8/1/42 | 2,750,000 | 2,927,492 |
| Series 231 | ||
| 5.50%, due 8/1/47 | 15,250,000 | 16,158,528 |
| State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds | ||
| Series 227 | ||
| 2.30%, due 10/1/40 | 6,250,000 | 4,738,259 |
| Series 239, Insured: SONYMA | ||
| 2.60%, due 10/1/44 | 13,955,000 | 10,306,291 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds | ||
| Series 242, Insured: SONYMA | ||
| 3.25%, due 10/1/47 | $ 4,250,000 | $ 3,370,607 |
| Series 242, Insured: SONYMA | ||
| 3.30%, due 10/1/47 | 4,700,000 | 3,758,450 |
| Suffolk County Water Authority, Waterworks, Revenue Bonds | ||
| Series A | ||
| 3.75%, due 6/1/36 | 4,900,000 | 4,879,266 |
| Town of Hempstead, Limited General Obligation | ||
| 2.00%, due 6/15/36 | 6,070,000 | 4,925,021 |
| 2.125%, due 6/15/38 | 6,720,000 | 5,248,003 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds, Senior Lien | ||
| Series C-3 | ||
| 3.00%, due 5/15/51 | 8,500,000 | 6,224,299 |
| Series C-3, Insured: AG-CR | ||
| 3.00%, due 5/15/51 | 11,010,000 | 8,062,298 |
| Series C | ||
| 5.25%, due 11/15/40 | 5,000,000 | 5,482,227 |
| Series D-2 | ||
| 5.25%, due 5/15/47 | 20,000,000 | 21,092,960 |
| Series D-2 | ||
| 5.50%, due 5/15/52 | 25,000,000 | 26,273,425 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/37 | 2,850,000 | 2,883,730 |
| Series A | ||
| 5.00%, due 11/15/43 | 4,000,000 | 4,076,394 |
| Series A-1 | ||
| 5.00%, due 11/15/45 | 3,750,000 | 4,005,269 |
| Series A | ||
| 5.00%, due 5/15/48 | 4,500,000 | 4,637,185 |
| Series A | ||
| 5.00%, due 5/15/53 | 5,250,000 | 5,347,601 |
| Series A-1 | ||
| 5.25%, due 11/15/48 | 4,000,000 | 4,261,720 |
| Series A | ||
| 5.25%, due 5/15/52 | 4,340,000 | 4,487,999 |
| Series A | ||
| 5.25%, due 12/1/54 | 4,585,000 | 4,754,937 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds | ||
| Series A-1 | ||
| 5.25%, due 5/15/64 | 13,715,000 | 14,044,363 |
| TSASC, Inc., Tobacco Settlement Bonds, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/33 | 5,890,000 | 5,952,893 |
| Series A | ||
| 5.00%, due 6/1/41 | 9,630,000 | 9,675,877 |
| 1,082,799,413 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| North Carolina 0.8% | ||
| City of Fayetteville, Public Works Commission, Revenue Bonds | ||
| 2.00%, due 3/1/35 | $ 3,330,000 | $ 2,796,540 |
| 2.00%, due 3/1/37 | 3,465,000 | 2,761,051 |
| 2.00%, due 3/1/38 | 3,535,000 | 2,741,077 |
| 2.125%, due 3/1/39 | 3,605,000 | 2,759,333 |
| 2.125%, due 3/1/40 | 3,680,000 | 2,745,734 |
| County of Pender, Unlimited General Obligation | ||
| 3.00%, due 3/1/41 | 5,000,000 | 4,314,271 |
| County of Union, Unlimited General Obligation | ||
| Series C | ||
| 2.50%, due 9/1/36 | 4,000,000 | 3,476,662 |
| North Carolina Housing Finance Agency, 1998 Trust Agreement, Revenue Bonds | ||
| Series 48, Insured: GNMA / FNMA / FHLMC | ||
| 3.50%, due 7/1/42 | 2,195,000 | 1,983,595 |
| Series 57-A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/56 | 8,825,000 | 9,743,996 |
| Series 59-A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/57 | 9,245,000 | 10,299,681 |
| North Carolina Housing Finance Agency, Revenue Bonds | ||
| Series 39-B, Insured: GNMA / FNMA / FHLMC | ||
| 4.00%, due 7/1/48 | 1,115,000 | 1,118,047 |
| Series 42, Insured: GNMA / FNMA / FHLMC | ||
| 4.00%, due 1/1/50 | 1,470,000 | 1,477,593 |
| Series 49, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/53 | 5,675,000 | 6,003,935 |
| Series 52-A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/55 | 7,910,000 | 8,467,749 |
| North Carolina Housing Finance Agency, Home Ownership, Revenue Bonds | ||
| Series 51, Insured: GNMA / FNMA / FHLMC | ||
| 4.375%, due 7/1/43 | 6,000,000 | 5,931,611 |
| North Carolina Housing Finance Agency, Home Owenership, Revenue Bonds | ||
| Series 61, Insured: GNMA / FNMA / FHLMC | ||
| 4.65%, due 7/1/46 | 13,000,000 | 12,879,967 |
| 79,500,842 | ||
| North Dakota 0.1% | ||
| North Dakota Housing Finance Agency, Home Mortgage Finance Project, Revenue Bonds | ||
| Series A | ||
| 2.05%, due 7/1/36 | 2,400,000 | 1,900,458 |
| North Dakota Housing Finance Agency, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 1/1/52 | 2,975,000 | 2,934,836 |
| North Dakota Housing Finance Agency, Home Mortgate Finance Program, Revenue Bonds | ||
| Series C | ||
| 4.25%, due 7/1/40 | 5,030,000 | 4,931,286 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| North Dakota | ||
| North Dakota Housing Finance Agency, Sustainable Bond, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/1/42 | $ 1,500,000 | $ 1,586,020 |
| 11,352,600 | ||
| Ohio 1.7% | ||
| Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Senior Lien | ||
| Series A-2 | ||
| 3.00%, due 6/1/48 | 32,380,000 | 22,898,974 |
| Buckeye Tobacco Settlement Financing Authority, Senior Living Project, Revenue Bonds, Senior Lien | ||
| Series A-2, Class 1 | ||
| 5.00%, due 6/1/35 | 4,250,000 | 4,463,882 |
| Columbus Regional Airport Authority, John Glenn Columbus International Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/37 (b) | 4,800,000 | 5,114,773 |
| County of Cuyahoga, Limited General Obligation | ||
| 5.50%, due 12/1/61 | 68,885,000 | 73,601,094 |
| Northeast Ohio Regional Sewer District, Revenue Bonds | ||
| 3.25%, due 11/15/40 | 2,000,000 | 1,739,622 |
| Ohio Air Quality Development Authority, American Electric Power Co. Project, Revenue Bonds | ||
| Series B | ||
| 2.60%, due 6/1/41 (a)(b) | 3,000,000 | 2,892,342 |
| Ohio Higher Educational Facility Commission, Ashtabula County Medical Center Obligated Group, Revenue Bonds | ||
| 5.00%, due 1/1/30 | 210,000 | 218,473 |
| 5.00%, due 1/1/34 | 360,000 | 376,290 |
| 5.25%, due 1/1/36 | 495,000 | 519,676 |
| 5.25%, due 1/1/52 | 2,500,000 | 2,456,598 |
| Ohio Housing Finance Agency, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 2.25%, due 9/1/40 | 1,055,000 | 801,280 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/56 | 4,875,000 | 5,303,340 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 3/1/56 | 3,990,000 | 4,474,559 |
| Ohio Housing Finance Agency, First Tiem Homebuyer Progam, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 3/1/50 | 2,135,000 | 1,655,396 |
| Ohio Housing Finance Agency, Mortgage-Backed Securities Program, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.375%, due 3/1/56 | 10,000,000 | 11,192,987 |
| Worthington City School District, Unlimited General Obligation | ||
| 5.50%, due 12/1/54 | 25,000,000 | 26,215,950 |
| 163,925,236 | ||
| Oklahoma 0.7% | ||
| City of Tulsa, Unlimited General Obligation | ||
| Series A | ||
| 0.05%, due 11/1/40 | 7,670,000 | 4,057,037 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Oklahoma | ||
| Grand River Dam Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/41 | $ 6,000,000 | $ 6,398,032 |
| Lincoln County Educational Facilities Authority, Stroud Public Schools Project, Revenue Bonds | ||
| 5.00%, due 9/1/28 | 2,450,000 | 2,453,244 |
| Oklahoma Housing Finance Agency, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.00%, due 9/1/49 | 1,865,000 | 1,871,219 |
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/57 | 7,500,000 | 8,356,237 |
| Oklahoma Turnpike Authority, Revenue Bonds | ||
| 5.50%, due 1/1/53 | 44,455,000 | 46,760,948 |
| 69,896,717 | ||
| Oregon 0.5% | ||
| City of Portland, Limited General Obligation | ||
| Series A | ||
| 2.00%, due 10/1/38 | 2,535,000 | 1,936,774 |
| Series A | ||
| 2.00%, due 10/1/39 | 2,015,000 | 1,497,486 |
| Clackamas County School District No. 12, North Clackamas, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/41 | 835,000 | 433,456 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/41 | 6,965,000 | 3,509,729 |
| Clackamas County School District No. 7J, Lake Oswego, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/46 | 3,650,000 | 3,862,372 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/47 | 3,000,000 | 3,152,059 |
| Insured: School Bond Guaranty | ||
| 5.25%, due 6/1/51 | 6,000,000 | 6,361,421 |
| Multnomah County School District No. 40, Unlimited General Obligation | ||
| Series B, Insured: School Bond Guaranty | ||
| 5.50%, due 6/15/53 | 7,750,000 | 8,190,409 |
| Port of Portland, Airport, Revenue Bonds (b) | ||
| Series A-27 | ||
| 5.00%, due 7/1/37 | 5,550,000 | 5,756,646 |
| Series 29-A | ||
| 5.00%, due 7/1/45 | 3,300,000 | 3,351,565 |
| Series 29 | ||
| 5.50%, due 7/1/48 | 5,750,000 | 5,998,075 |
| Seaside School District No. 10, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/44 | 6,000,000 | 2,485,508 |
| State of Oregon, Housing & Community Services Department, Revenue Bonds | ||
| Series A | ||
| 3.50%, due 1/1/51 | 3,040,000 | 3,028,496 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Oregon | ||
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 3.00%, due 9/1/44 | $ 10,000 | $ 8,078 |
| Washington Clackamas & Yamhill Counties School District No. 88J, Sherwood, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/38 | 5,470,000 | 3,221,773 |
| 52,793,847 | ||
| Pennsylvania 2.9% | ||
| Allegheny County Airport Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/56 (b) | 6,915,000 | 6,826,188 |
| Allegheny County Higher Education Building Authority, Duquesne University of the Holy Spirit, Revenue Bonds | ||
| 4.50%, due 3/1/50 | 8,745,000 | 8,280,332 |
| Bethel Park School District, Limited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.00%, due 8/1/46 | 2,500,000 | 2,606,510 |
| Insured: State Aid Withholding | ||
| 5.50%, due 8/1/48 | 2,500,000 | 2,651,753 |
| City of Philadelphia, Airport, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/42 (b) | 8,020,000 | 8,060,912 |
| City of Philadelphia, Water & Wastewater, Revenue Bonds | ||
| Series C | ||
| 5.50%, due 6/1/47 | 14,500,000 | 15,446,838 |
| Series B, Insured: AG | ||
| 5.50%, due 9/1/53 | 10,000,000 | 10,532,256 |
| Commonwealth Financing Authority, Tobacco Master Settlement Payment, Revenue Bonds | ||
| 5.00%, due 6/1/34 | 3,000,000 | 3,088,831 |
| Cumberland County Municipal Authority, Dickinson College Project, Revenue Bonds | ||
| 4.50%, due 5/1/51 | 1,860,000 | 1,792,541 |
| Pennsylvania Economic Development Financing Authority, UPMC Obligated Group, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 5/15/48 | 7,715,000 | 6,726,489 |
| Series A-2 | ||
| 4.00%, due 5/15/53 | 4,980,000 | 4,155,201 |
| Series B | ||
| 5.00%, due 6/15/31 | 22,000,000 | 23,563,773 |
| Series B | ||
| 5.00%, due 6/15/36 | 20,000,000 | 21,913,922 |
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Project, Revenue Bonds (b) | ||
| 5.75%, due 6/30/48 | 6,140,000 | 6,434,310 |
| Insured: AG | ||
| 5.75%, due 12/31/62 | 35,400,000 | 36,830,149 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds, Senior Lien | ||
| Series 1-A | ||
| 4.125%, due 6/1/45 (b) | 9,555,000 | 9,151,899 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Revenue Bonds | ||
| Series B-1, Insured: AG | ||
| 5.00%, due 11/1/51 | $ 20,000,000 | $ 20,032,008 |
| Series B-1, Insured: AG | ||
| 5.25%, due 11/1/48 | 5,000,000 | 5,198,989 |
| Pennsylvania Housing Finance Agency, Revenue Bonds | ||
| Series 121 | ||
| 2.80%, due 10/1/31 | 6,000,000 | 5,701,348 |
| Series 135-A | ||
| 3.00%, due 10/1/51 | 3,650,000 | 3,622,607 |
| Series 138-A | ||
| 3.00%, due 10/1/52 | 5,110,000 | 4,931,576 |
| Series 153A | ||
| 4.40%, due 10/1/41 | 3,500,000 | 3,446,743 |
| Series 153A | ||
| 4.55%, due 10/1/43 | 4,250,000 | 4,158,333 |
| Series 149-A | ||
| 4.75%, due 10/1/40 | 14,500,000 | 14,722,284 |
| Series A-141 | ||
| 5.75%, due 10/1/53 | 4,400,000 | 4,624,688 |
| Series 145-A | ||
| 6.00%, due 10/1/54 | 3,870,000 | 4,140,460 |
| Series 147-A | ||
| 6.25%, due 10/1/54 | 7,677,466 | 8,331,093 |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Revenue Bonds | ||
| Series 137 | ||
| 3.00%, due 10/1/51 | 7,635,000 | 7,330,654 |
| Pennsylvania Turnpike Commission, Revenue Bonds, Second Series | ||
| 5.00%, due 12/1/41 | 3,500,000 | 3,550,889 |
| Pennsylvania Turnpike Commission, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 12/1/44 | 4,085,000 | 4,359,398 |
| Series A | ||
| 5.50%, due 12/1/46 | 11,250,000 | 11,288,266 |
| Philadelphia Authority for Industrial Development, Children's Hospital of Philadelphia Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/45 | 1,355,000 | 1,418,639 |
| Series A | ||
| 5.00%, due 7/1/46 | 7,770,000 | 8,094,079 |
| Philadelphia Authority for Industrial Development, St. Joseph's University Project, Revenue Bonds | ||
| 5.25%, due 11/1/52 | 3,250,000 | 3,298,269 |
| School District of Philadelphia (The), Limited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 5.50%, due 9/1/51 | 3,400,000 | 3,643,144 |
| 289,955,371 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico 1.1% | ||
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Senior Lien (d) | ||
| Series A | ||
| 4.00%, due 7/1/42 | $ 16,600,000 | $ 15,931,993 |
| Series A | ||
| 5.00%, due 7/1/47 | 9,000,000 | 9,078,349 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/42 (d) | 34,665,000 | 33,270,032 |
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series UU, Insured: AG | ||
| 4.25%, due 7/1/27 | 2,345,000 | 2,346,497 |
| Series NN, Insured: NATL-RE | ||
| 4.75%, due 7/1/33 | 1,140,000 | 1,124,261 |
| Series TT, Insured: AG-CR | ||
| 5.00%, due 7/1/27 | 500,000 | 500,596 |
| Series SS, Insured: AG | ||
| 5.00%, due 7/1/30 | 550,000 | 550,561 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/29 | 1,470,000 | 1,479,586 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/32 | 1,225,000 | 1,225,661 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/34 | 550,000 | 545,393 |
| Puerto Rico Municipal Finance Agency, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/1/27 | 80,000 | 80,000 |
| Series A, Insured: AG | ||
| 5.00%, due 8/1/30 | 1,440,000 | 1,441,477 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-1 | ||
| (zero coupon), due 7/1/46 | 27,000,000 | 9,873,517 |
| Series A-1 | ||
| (zero coupon), due 7/1/51 | 2,193,000 | 582,691 |
| Insured: BHAC-CR | ||
| (zero coupon), due 8/1/54 | 94,803 | 20,199 |
| Series A-1 | ||
| 4.75%, due 7/1/53 | 14,784,000 | 14,056,578 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 13,942,000 | 13,628,347 |
| 105,735,738 | ||
| Rhode Island 0.2% | ||
| Rhode Island Housing & Mortgage Finance Corp., Revenue Bonds | ||
| Series 77-A, Insured: GNMA | ||
| 4.25%, due 4/1/51 | 7,220,000 | 7,310,721 |
| Series 89-A, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 10/1/46 | 8,000,000 | 7,968,253 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Rhode Island | ||
| Rhode Island Student Loan Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.50%, due 12/1/45 (b) | $ 7,500,000 | $ 7,302,835 |
| 22,581,809 | ||
| South Carolina 2.1% | ||
| Charleston County Airport District, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/49 | 5,000,000 | 5,128,093 |
| City of Charleston, Waterworks & Sewer System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/39 | 5,250,000 | 5,111,878 |
| City of Columbia, Waterworks & Sewer System, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 2/1/41 | 10,000,000 | 9,488,606 |
| Medical University Hospital Authority, Nexton Project, Revenue Bonds | ||
| Insured: FHA | ||
| 5.25%, due 11/15/43 | 3,450,000 | 3,647,064 |
| Insured: FHA | ||
| 5.25%, due 5/15/44 | 4,245,000 | 4,464,820 |
| Insured: FHA | ||
| 5.25%, due 11/15/54 | 10,070,000 | 10,283,279 |
| Medical University Hospital Authority, Indian Land Project, Revenue Bonds | ||
| Insured: FHA | ||
| 5.25%, due 11/15/54 | 10,400,000 | 10,614,624 |
| Orangeburg County School District, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 5.00%, due 4/1/45 | 9,395,000 | 10,020,459 |
| Patriots Energy Group Financing Agency, Revenue Bonds | ||
| Series B-2 | ||
| 4.346%, due 2/1/54 | 15,000,000 | 15,568,101 |
| South Carolina Jobs-Economic Development Authority, AnMed Health, Revenue Bonds | ||
| 4.25%, due 2/1/48 | 11,850,000 | 11,095,884 |
| 5.25%, due 2/1/53 | 21,855,000 | 22,420,078 |
| South Carolina Public Service Authority, Santee Cooper Project, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 4.00%, due 12/1/29 | 367,000 | 377,465 |
| Series A, Insured: AG-CR | ||
| 5.00%, due 12/1/36 | 12,750,000 | 13,699,379 |
| Series E, Insured: AG | ||
| 5.00%, due 12/1/52 | 14,550,000 | 14,804,948 |
| Series E, Insured: AG | ||
| 5.50%, due 12/1/42 | 9,125,000 | 9,878,703 |
| South Carolina Public Service Authority, Santee Cooper, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/41 | 3,000,000 | 3,187,915 |
| Series B | ||
| 5.00%, due 12/1/43 | 6,365,000 | 6,712,763 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| South Carolina | ||
| South Carolina Public Service Authority, Santee Cooper project, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.00%, due 12/1/42 | $ 4,605,000 | $ 4,905,320 |
| South Carolina Public Service Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 12/1/44 | 3,695,000 | 3,887,585 |
| Series B | ||
| 5.00%, due 12/1/45 | 2,000,000 | 2,094,615 |
| Series B | ||
| 5.25%, due 12/1/54 | 8,875,000 | 9,145,865 |
| Series A | ||
| 5.25%, due 12/1/56 | 9,840,000 | 10,164,072 |
| South Carolina State Housing Finance & Development Authority, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 9,565,000 | 10,661,732 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 5,375,000 | 6,016,651 |
| 203,379,899 | ||
| South Dakota 0.2% | ||
| South Dakota Housing Development Authority, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 11/1/52 | 4,555,000 | 4,483,761 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/55 | 3,810,000 | 4,192,381 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/56 | 3,465,000 | 3,784,258 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 11/1/55 | 4,910,000 | 5,471,517 |
| 17,931,917 | ||
| Tennessee 0.7% | ||
| County of Knox, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 6/1/34 | 2,815,000 | 2,665,821 |
| County of Rutherford, Unlimited General Obligation | ||
| 1.625%, due 4/1/34 | 5,375,000 | 4,452,183 |
| 1.875%, due 4/1/39 | 4,120,000 | 3,033,831 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Vanderbilt University Medical Center, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/32 | 12,690,000 | 13,691,132 |
| Metropolitan Government of Nashville & Davidson County, Water & Sewer, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/40 | 3,500,000 | 2,973,986 |
| Metropolitan Government of Nashville & Davidson County, Electric, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 5/15/49 | 5,000,000 | 5,263,982 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Tennessee | ||
| Metropolitan Nashville Airport Authority (The), Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/49 | $ 3,500,000 | $ 3,195,488 |
| Series B | ||
| 5.25%, due 7/1/47 (b) | 3,950,000 | 4,056,798 |
| Series B | ||
| 5.50%, due 7/1/40 (b) | 2,000,000 | 2,143,474 |
| Series B | ||
| 5.50%, due 7/1/41 (b) | 4,770,000 | 5,093,078 |
| Series B | ||
| 5.50%, due 7/1/52 (b) | 6,965,000 | 7,178,444 |
| Tennergy Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/54 (a) | 8,835,000 | 9,230,619 |
| Tennessee Energy Acquisition Corp., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/34 | 4,995,000 | 5,242,077 |
| Tennessee Housing Development Agency, Revenue Bonds | ||
| Series 2 | ||
| 2.50%, due 1/1/31 | 2,020,000 | 1,921,170 |
| 70,142,083 | ||
| Texas 10.6% | ||
| Arlington Higher Education Finance Corp., Riverwalk Education Foundation, Inc., Revenue Bonds | ||
| Insured: PSF-GTD | ||
| 4.50%, due 8/15/45 | 16,235,000 | 16,128,005 |
| Austin Community College District, Limited General Obligation | ||
| 5.25%, due 8/1/53 | 13,050,000 | 13,560,508 |
| Bastrop Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/48 | 6,785,000 | 6,975,986 |
| Central Texas Turnpike System, Revenue Bonds, Second Tier | ||
| Series C | ||
| 5.00%, due 8/15/32 | 5,000,000 | 5,458,005 |
| Series C | ||
| 5.00%, due 8/15/34 | 15,000,000 | 16,507,276 |
| Central Texas Turnpike System, Revenue Bonds, First Tier | ||
| Series B | ||
| 5.00%, due 8/15/42 (a) | 11,500,000 | 12,147,758 |
| City of Austin, Electric Utility, Revenue Bonds | ||
| 4.00%, due 11/15/37 | 10,000,000 | 9,541,368 |
| 5.00%, due 11/15/42 | 9,400,000 | 10,044,118 |
| 5.00%, due 11/15/43 | 8,750,000 | 9,320,516 |
| City of Celina, Limited General Obligation | ||
| 1.75%, due 9/1/36 | 3,395,000 | 2,574,258 |
| 1.875%, due 9/1/37 | 3,455,000 | 2,571,226 |
| 1.875%, due 9/1/39 | 3,585,000 | 2,498,420 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| City of Dallas, Limited General Obligation | ||
| Series A, Insured: AG | ||
| 2.25%, due 2/15/40 | $ 5,035,000 | $ 3,680,320 |
| City of Dallas, Hotel Occupancy Tax, Revenue Bonds | ||
| 4.00%, due 8/15/36 | 1,150,000 | 1,110,052 |
| City of El Paso, Limited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 8/15/42 | 125,000 | 125,049 |
| Insured: BAM | ||
| 4.00%, due 8/15/42 | 10,820,000 | 10,054,972 |
| City of El Paso, Water & Sewer, Revenue Bonds | ||
| 5.00%, due 3/1/43 | 9,235,000 | 9,729,915 |
| 5.00%, due 3/1/51 | 24,315,000 | 24,857,847 |
| City of Fort Worth, Limited General Obligation | ||
| 2.00%, due 3/1/35 | 5,480,000 | 4,452,699 |
| City of Fort Worth, General purpose, Limited General Obligation | ||
| 2.00%, due 3/1/38 | 5,000,000 | 3,674,448 |
| 2.00%, due 3/1/41 | 5,470,000 | 3,645,898 |
| City of Frisco, Limited General Obligation | ||
| 2.00%, due 2/15/38 | 4,740,000 | 3,564,152 |
| City of Houston, Hotel Occupancy Tax & Special Tax, Revenue Bonds, First Lien | ||
| Series C, Insured: AG | ||
| (zero coupon), due 9/1/49 | 23,500,000 | 7,286,276 |
| Series C, Insured: AG | ||
| 5.50%, due 9/1/58 | 10,000,000 | 10,606,878 |
| City of Houston, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.25%, due 7/1/42 | 6,000,000 | 6,346,035 |
| Series A, Insured: AG | ||
| 5.25%, due 7/1/48 | 7,755,000 | 7,981,144 |
| Series A | ||
| 5.50%, due 7/1/50 | 14,000,000 | 14,716,184 |
| City of Lubbock, Electric Light & Power System, Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 4/15/46 | 8,150,000 | 7,347,097 |
| City of Missouri City, Limited General Obligation | ||
| 2.125%, due 6/15/40 | 2,530,000 | 1,776,438 |
| City of New Braunfels, Utility System, Revenue Bonds | ||
| 4.50%, due 7/1/56 | 16,220,000 | 15,400,345 |
| City of San Antonio, Electric & Gas Systems, Revenue Bonds, Junior Lien | ||
| 5.00%, due 2/1/44 | 2,500,000 | 2,598,524 |
| City of San Antonio, Electric & Gas Systems, Revenue Bonds | ||
| Series C | ||
| 5.50%, due 2/1/49 | 5,000,000 | 5,339,723 |
| Comal Independent School District, School Building, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.00%, due 2/1/40 | 12,500,000 | 10,558,824 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Conroe Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.50%, due 2/15/37 | $ 4,000,000 | $ 3,384,612 |
| County of Bexar, Limited General Obligation | ||
| 3.00%, due 6/15/41 | 4,375,000 | 3,536,743 |
| County of Collin, Limited General Obligation | ||
| 2.25%, due 2/15/41 | 4,740,000 | 3,444,644 |
| 5.00%, due 2/15/44 | 5,675,000 | 6,050,453 |
| County of Dallas, Limited General Obligation | ||
| 5.00%, due 8/15/47 | 3,000,000 | 3,160,401 |
| Crowley Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/1/49 | 10,230,000 | 10,523,207 |
| Dallas Fort Worth International Airport, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 11/1/29 (b) | 11,500,000 | 12,138,819 |
| Dallas Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 1.75%, due 2/15/35 | 3,235,000 | 2,598,782 |
| Denton Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 1.80%, due 8/15/37 | 6,000,000 | 4,510,147 |
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/48 | 18,125,000 | 18,719,460 |
| El Paso County Hospital District, Limited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 8/15/40 | 3,750,000 | 3,948,117 |
| EP Cimarron Ventanas PFC, Home Essential Function Housing Project, Revenue Bonds | ||
| 4.125%, due 12/1/39 | 6,600,000 | 6,307,395 |
| Fort Bend County Fresh Water Supply District No. 1, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 8/15/43 | 4,000,000 | 3,070,671 |
| Fort Bend County Municipal Utility District No. 131, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.50%, due 9/1/45 | 3,540,000 | 2,334,134 |
| Fort Bend County Municipal Utility District No. 134B, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 9/1/44 | 540,000 | 402,268 |
| Fort Bend County Municipal Utility District No. 142, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.50%, due 9/1/38 | 1,575,000 | 1,262,884 |
| Fort Bend County Municipal Utility District No. 194, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 2.75%, due 9/1/40 | 520,000 | 406,982 |
| Fort Bend County Municipal Utility District No. 26, Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.375%, due 3/1/46 | 615,000 | 425,807 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Fort Bend Independent School District, Unlimited General Obligation | ||
| Series B, Insured: PSF-GTD | ||
| 4.00%, due 8/1/54 (a) | $ 120,000 | $ 121,137 |
| Fort Worth Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| 2.625%, due 2/15/39 | 4,100,000 | 3,349,773 |
| Series A, Insured: PSF-GTD | ||
| 2.625%, due 2/15/40 | 4,405,000 | 3,521,509 |
| Harris County Hospital District, Limited General Obligation | ||
| 5.00%, due 2/15/48 | 5,800,000 | 6,043,098 |
| 5.50%, due 2/15/50 | 12,500,000 | 13,410,634 |
| Harris County Municipal Utility District No. 105, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 3/1/42 | 4,200,000 | 3,233,255 |
| Harris County Municipal Utility District No. 165, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.25%, due 3/1/45 | 9,575,000 | 6,474,803 |
| Harris County Municipal Utility District No. 166, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.75%, due 9/1/42 | 2,235,000 | 1,721,551 |
| Hays Consolidated Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/48 | 8,000,000 | 8,220,609 |
| Hays County Development District No. 1, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.60%, due 4/1/50 | 1,700,000 | 1,080,361 |
| Lamar Consolidated Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.00%, due 2/15/44 | 4,335,000 | 3,404,257 |
| 4.00%, due 2/15/48 | 4,000,000 | 3,564,041 |
| Insured: AG | ||
| 5.50%, due 2/15/58 | 6,685,000 | 6,996,040 |
| Leander Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| (zero coupon), due 8/16/44 | 8,300,000 | 3,476,328 |
| Lower Colorado River Authority, LCRA Transmission Services Corp., Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 5/15/49 | 7,790,000 | 7,948,424 |
| Insured: AG | ||
| 5.50%, due 5/15/48 | 7,500,000 | 7,913,028 |
| Insured: AG | ||
| 5.50%, due 5/15/53 | 7,470,000 | 7,807,042 |
| Lower Colorado River Authority, LCRA Transmission Services Corp. Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 5/15/53 | 6,000,000 | 6,188,978 |
| Matagorda County Navigation District No. 1, Central Power and Light Company Project, Revenue Bonds | ||
| Series A | ||
| 2.60%, due 11/1/29 | 13,500,000 | 13,155,138 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Morningstar Ranch Municipal Utility District No. 1 of Parker County, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 9/1/44 | $ 565,000 | $ 413,916 |
| New Hope Cultural Education Facilities Finance Corp., Children's Health System of Texas, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 8/15/49 | 15,000,000 | 16,161,685 |
| North Hays County Municipal Utility District No. 1, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 3.00%, due 8/15/41 | 395,000 | 314,080 |
| North Texas Municipal Water District, Water System, Revenue Bonds | ||
| 4.00%, due 9/1/41 | 40,000,000 | 38,631,572 |
| North Texas Municipal Water District, Sabine Creek Regional Wastewater System, Revenue Bonds | ||
| Insured: AG | ||
| 4.375%, due 6/1/52 | 3,600,000 | 3,404,558 |
| North Texas Tollway Authority, Revenue Bonds, First Tier | ||
| Series A | ||
| 4.125%, due 1/1/39 | 2,000,000 | 1,974,754 |
| Series A | ||
| 5.00%, due 1/1/45 | 3,125,000 | 3,268,768 |
| Series A | ||
| 5.25%, due 1/1/38 | 6,700,000 | 7,200,892 |
| Northside Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| 2.75%, due 8/15/39 | 6,690,000 | 5,481,510 |
| Pasadena Independent School District, Unlimited General Obligation | ||
| Series B, Insured: PSF-GTD | ||
| 3.23%, due 2/15/44 (a) | 10,475,000 | 10,487,940 |
| Permanent University Fund - Texas A&M University System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/44 | 15,550,000 | 16,622,519 |
| Port Freeport, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 6/1/44 (b) | 7,930,000 | 6,772,343 |
| Richardson Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/43 | 8,000,000 | 8,508,635 |
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/44 | 7,000,000 | 7,412,278 |
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/45 | 5,500,000 | 5,801,013 |
| Royse City Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/53 | 10,000,000 | 10,210,524 |
| San Antonio Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/52 | 8,715,000 | 8,926,091 |
| San Antonio Public Facilities Corp., Convention Center Refinancing & Expansion Project, Revenue Bonds | ||
| 4.00%, due 9/15/42 | 10,000,000 | 9,400,882 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| San Antonio Water System, Revenue Bonds, Junior Lien | ||
| Series A | ||
| 5.25%, due 5/15/52 | $ 10,060,000 | $ 10,592,299 |
| Series B | ||
| 5.25%, due 5/15/52 | 37,335,000 | 39,053,814 |
| San Leon Municipal Utility District, Unlimited General Obligation | ||
| Insured: AG | ||
| 3.00%, due 9/1/44 | 4,150,000 | 3,135,197 |
| Sienna Municipal Utility District No. 5, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 11/1/43 | 420,000 | 311,543 |
| Sienna Parks & Levee Improvement District of Fort Bend County, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.25%, due 9/1/45 | 3,000,000 | 2,000,040 |
| Insured: BAM | ||
| 3.75%, due 9/1/48 | 3,680,000 | 3,102,470 |
| State of Texas, College Student Loan, Unlimited General Obligation | ||
| Series B | ||
| 4.00%, due 8/1/26 (b) | 10,000,000 | 10,000,000 |
| Tarrant County Cultural Education Facilities Finance Corp., Cook Children's Medical Center, Revenue Bonds | ||
| 4.125%, due 12/1/54 | 8,750,000 | 7,785,579 |
| Tarrant County Cultural Education Facilities Finance Corp., Buckner Retirement Services, Inc. Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/46 | 5,265,000 | 5,070,854 |
| Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/49 | 9,475,000 | 9,701,067 |
| Tarrant County Cultural Education Facilities Finance Corp., CHRISTUS Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/53 (a) | 8,000,000 | 8,673,886 |
| Tarrant County Cultural Education Facilities Finance Corp., Health Resources System, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 11/15/52 | 5,000,000 | 5,287,837 |
| Texas Department of Housing & Community Affairs, Revenue Bonds | ||
| Series A, Insured: GNMA | ||
| 3.50%, due 3/1/51 | 2,175,000 | 2,163,662 |
| Series A, Insured: GNMA | ||
| 3.50%, due 7/1/52 | 9,475,000 | 9,370,273 |
| Series A, Insured: GNMA / FNMA | ||
| 3.95%, due 1/1/50 | 3,270,000 | 2,849,004 |
| Series A, Insured: GNMA | ||
| 5.00%, due 1/1/49 | 3,500,000 | 3,551,542 |
| Series A, Insured: GNMA | ||
| 5.125%, due 1/1/54 | 3,250,000 | 3,323,982 |
| Series A, Insured: GNMA | ||
| 5.50%, due 9/1/52 | 15,665,000 | 16,408,578 |
| Series A, Insured: GNMA | ||
| 5.75%, due 1/1/56 | 4,825,000 | 5,217,073 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Texas Department of Housing & Community Affairs, Revenue Bonds | ||
| Series B, Insured: GNMA | ||
| 6.00%, due 3/1/53 | $ 8,460,000 | $ 9,148,420 |
| Series B, Insured: GNMA | ||
| 6.00%, due 1/1/56 | 3,715,000 | 4,079,413 |
| Series D-2, Insured: GNMA | ||
| 6.25%, due 1/1/56 | 7,625,000 | 8,414,133 |
| Texas Department of Housing & Community Affairs, Residential Mortgage, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA | ||
| 4.75%, due 1/1/49 | 15,000 | 15,126 |
| Texas Municipal Gas Acquisition & Supply Corp. II, Revenue Bonds | ||
| Series C | ||
| 3.281%, due 9/15/27 | 20,195,000 | 20,227,369 |
| Texas Municipal Gas Acquisition & Supply Corp. III, Gas Supply, Revenue Bonds | ||
| 5.00%, due 12/15/26 | 4,925,000 | 4,957,659 |
| 5.00%, due 12/15/28 | 3,000,000 | 3,100,570 |
| 5.00%, due 12/15/32 | 10,075,000 | 10,565,275 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (a) | 23,645,000 | 24,815,198 |
| Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds | ||
| 5.00%, due 1/1/55 (a) | 6,950,000 | 7,207,839 |
| Texas Municipal Gas Acquisition and Supply Corp. I, Revenue Bonds, Senior Lien | ||
| Series D | ||
| 6.25%, due 12/15/26 | 860,000 | 869,996 |
| Texas Private Activity Bond Surface Transportation Corp., LBJ Infrastructure Group LLC, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 6/30/35 | 2,300,000 | 2,264,381 |
| Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC, Revenue Bonds, Senior Lien (b) | ||
| 5.00%, due 12/31/33 | 2,740,000 | 2,868,456 |
| 5.00%, due 6/30/34 | 2,500,000 | 2,612,431 |
| 5.00%, due 12/31/34 | 3,125,000 | 3,259,306 |
| 5.125%, due 6/30/35 | 2,500,000 | 2,616,201 |
| 5.125%, due 12/31/35 | 3,750,000 | 3,915,897 |
| Texas Private Activity Bond Surface Transportation Corp., North Tarrant Express Managed Lanes Project, Revenue Bonds, Senior Lien | ||
| 5.50%, due 12/31/58 (b) | 18,125,000 | 18,573,104 |
| Texas State Technical College, Financing System Improvement, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.50%, due 8/1/42 | 4,850,000 | 5,259,012 |
| Texas Transportation Commission State Highway 249, System, Revenue Bonds, First Tier | ||
| Series A | ||
| (zero coupon), due 8/1/52 | 4,945,000 | 1,229,720 |
| Texas Transportation Finance Corp., TELA Supported, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 10/1/55 | 10,805,000 | 11,537,704 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Texas Water Development Board, State Water Implementation Fund, Revenue Bonds | ||
| 2.50%, due 10/15/39 | $ 3,000,000 | $ 2,356,331 |
| Series A | ||
| 4.75%, due 10/15/43 | 17,490,000 | 17,923,511 |
| 5.00%, due 10/15/47 | 4,000,000 | 4,134,388 |
| Series A | ||
| 5.25%, due 10/15/51 | 22,000,000 | 22,942,438 |
| Texas Water Development Board, Revenue Bonds | ||
| 4.75%, due 10/15/50 | 24,800,000 | 24,736,777 |
| Valley Ranch Municipal Utility District No. 1, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.125%, due 9/1/42 | 1,000,000 | 675,804 |
| Verandah Municipal Utility District, Unlimited General Obligation | ||
| Insured: BAM | ||
| 4.375%, due 9/1/50 | 4,100,000 | 3,786,165 |
| Waller Consolidated Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.00%, due 2/15/41 | 7,000,000 | 5,735,719 |
| Washington County Junior College District, Revenue Bonds | ||
| Insured: BAM | ||
| 3.25%, due 10/1/41 | 1,105,000 | 915,218 |
| Waxahachie Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/48 | 3,035,000 | 3,120,477 |
| West Harris County Regional Water Authority, Revenue Bonds | ||
| Insured: BAM | ||
| 3.50%, due 12/15/46 | 4,500,000 | 3,643,168 |
| Wylie Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| 3.00%, due 8/15/44 | 20,000,000 | 15,863,642 |
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/49 | 5,000,000 | 5,095,668 |
| Wylie Independent School District, School Building, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.25%, due 8/15/54 | 31,355,000 | 32,509,090 |
| 1,055,604,062 | ||
| U.S. Virgin Islands 0.7% | ||
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/28 | 5,000,000 | 5,126,063 |
| Series A | ||
| 5.00%, due 10/1/30 | 11,805,000 | 12,268,555 |
| Series A | ||
| 5.00%, due 10/1/32 | 11,805,000 | 12,422,830 |
| Series A | ||
| 5.00%, due 10/1/39 | 35,670,000 | 36,630,861 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| U.S. Virgin Islands | ||
| Virgin Islands Public Finance Authority, Revenue Bonds | ||
| Series C, Insured: AG-CR | ||
| 5.00%, due 10/1/39 | $ 7,575,000 | $ 7,640,776 |
| 74,089,085 | ||
| Utah 2.1% | ||
| City of Salt Lake City, Airport, Revenue Bonds (b) | ||
| Series A | ||
| 4.00%, due 7/1/41 | 5,750,000 | 5,343,079 |
| Series A | ||
| 5.00%, due 7/1/30 | 3,250,000 | 3,445,523 |
| Series A | ||
| 5.00%, due 7/1/32 | 3,750,000 | 3,998,210 |
| Series A | ||
| 5.00%, due 7/1/33 | 3,000,000 | 3,037,524 |
| Series A | ||
| 5.00%, due 7/1/43 | 5,000,000 | 5,049,251 |
| Series A | ||
| 5.25%, due 7/1/48 | 7,250,000 | 7,435,655 |
| Davis School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.375%, due 6/1/36 | 4,675,000 | 4,418,111 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, First Lien | ||
| Series A, Insured: AG | ||
| 5.50%, due 6/1/50 | 17,280,000 | 18,496,687 |
| Intermountain Power Agency, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/34 | 5,000,000 | 5,374,949 |
| Series A | ||
| 5.00%, due 7/1/42 | 4,265,000 | 4,465,973 |
| Series A | ||
| 5.25%, due 7/1/43 | 17,180,000 | 18,198,037 |
| Series A | ||
| 5.25%, due 7/1/44 | 20,950,000 | 22,125,699 |
| Series A | ||
| 5.25%, due 7/1/45 | 13,020,000 | 13,712,569 |
| Jordan School District, School Building, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 2.25%, due 6/15/36 | 1,225,000 | 1,029,720 |
| Military Installation Development Authority, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 6/1/52 | 5,000,000 | 4,109,813 |
| University of Utah (The), Revenue Bonds | ||
| Series B | ||
| 5.25%, due 8/1/53 | 9,605,000 | 9,993,151 |
| Utah Charter School Finance Authority, Spectrum Academy Project, Revenue Bonds | ||
| Insured: BAM UT CSCE | ||
| 4.00%, due 4/15/45 | 1,750,000 | 1,580,753 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| Utah Housing Corp., Mortgage-Backed, Revenue Bonds | ||
| Series H-G2, Insured: GNMA | ||
| 4.50%, due 10/21/48 | $ 436,630 | $ 422,310 |
| Series J-G2, Insured: GNMA | ||
| 4.50%, due 12/21/48 | 350,058 | 338,604 |
| Series A, Insured: GNMA | ||
| 4.50%, due 1/21/49 | 951,509 | 918,998 |
| Series B-G2, Insured: GNMA | ||
| 4.50%, due 2/21/49 | 867,173 | 841,187 |
| Series G-2, Insured: GNMA | ||
| 5.00%, due 7/21/52 | 10,398,688 | 10,413,946 |
| Series H-G2, Insured: GNMA | ||
| 5.00%, due 8/21/52 | 17,103,413 | 17,065,536 |
| Series C-G2, Insured: GNMA | ||
| 5.50%, due 4/21/53 | 3,654,540 | 3,735,381 |
| Utah Housing Corp., Promontory Place Apartments, Revenue Bonds | ||
| Series A, Insured: FNMA | ||
| 4.69%, due 2/1/45 | 5,000,000 | 4,967,802 |
| Utah Housing Corp., Single Family Mortgage, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 7/1/46 | 27,410,000 | 27,053,914 |
| Utah Housing Corp., Revenue Bonds | ||
| Series J, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 4,980,000 | 5,589,076 |
| 203,161,458 | ||
| Virginia 0.8% | ||
| Arlington County Industrial Development Authority, Virginia Hospital Center, Revenue Bonds | ||
| 3.75%, due 7/1/50 | 8,775,000 | 7,205,578 |
| 4.00%, due 7/1/45 | 4,720,000 | 4,373,398 |
| Series A | ||
| 5.00%, due 7/1/53 (a) | 10,000,000 | 10,545,289 |
| City of Alexandria, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 2.00%, due 12/15/39 | 1,550,000 | 1,116,174 |
| City of Harrisonburg, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 1.875%, due 7/15/37 | 3,200,000 | 2,437,912 |
| County of Fairfax, Sewer, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/15/45 | 8,600,000 | 9,250,214 |
| Series A | ||
| 5.00%, due 7/15/46 | 9,025,000 | 9,638,724 |
| Series A | ||
| 5.00%, due 7/15/47 | 9,505,000 | 10,078,617 |
| Norfolk Redevelopment & Housing Authority, Oak Park and Colonial Hall, Revenue Bonds | ||
| Insured: FNMA | ||
| 4.25%, due 9/1/42 (a) | 6,604,023 | 6,193,265 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Virginia | ||
| Roanoke Economic Development Authority, Carilion Clinic Obligated Group, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/45 | $ 8,595,000 | $ 6,547,853 |
| Virginia Port Authority, Commonwealth Port, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/48 | 3,900,000 | 4,104,357 |
| Virginia Public School Authority, Revenue Bonds | ||
| Series B, Insured: State Intercept | ||
| 2.25%, due 8/1/29 | 7,000,000 | 6,721,229 |
| Virginia Small Business Financing Authority, Capital Beltway Express LLC, Revenue Bonds, Senior Lien | ||
| 5.00%, due 12/31/47 (b) | 2,250,000 | 2,260,964 |
| 80,473,574 | ||
| Washington 2.3% | ||
| City of Seattle, Drainage & Wastewater, Revenue Bonds | ||
| 4.00%, due 7/1/39 | 6,620,000 | 6,527,151 |
| 4.00%, due 7/1/40 | 6,250,000 | 6,106,576 |
| 4.00%, due 7/1/41 | 6,500,000 | 6,329,513 |
| 4.00%, due 7/1/42 | 7,000,000 | 6,763,270 |
| City of Seattle, Water System, Revenue Bonds | ||
| 4.00%, due 8/1/40 | 4,530,000 | 4,404,566 |
| 4.00%, due 8/1/41 | 4,570,000 | 4,427,633 |
| 4.00%, due 8/1/42 | 4,900,000 | 4,689,918 |
| 5.00%, due 6/1/45 | 3,875,000 | 4,155,167 |
| 5.00%, due 6/1/47 | 4,280,000 | 4,525,000 |
| City of Seattle, Municipal Light & Power, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 9/1/41 | 6,580,000 | 6,273,402 |
| Series C | ||
| 4.00%, due 9/1/42 | 11,515,000 | 10,890,261 |
| Series C | ||
| 4.00%, due 10/1/42 | 25,000,000 | 23,595,900 |
| Douglas County Public Utility District No. 1, Wells Hydroelectric Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 9/1/47 | 10,030,000 | 10,342,076 |
| Energy Northwest, Bonneville Power Administration, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/35 | 4,250,000 | 4,509,765 |
| Fircrest Properties, State of Washington Department of Social & Health Services, Revenue Bonds | ||
| 5.50%, due 6/1/49 | 10,000,000 | 10,604,851 |
| King County Public Hospital District No. 2, EvergreenHealth, Limited General Obligation | ||
| 5.50%, due 12/1/54 | 17,500,000 | 18,379,055 |
| Port of Seattle, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 5/1/30 | 4,000,000 | 4,056,046 |
| 5.00%, due 4/1/44 | 5,580,000 | 5,652,502 |
| Series B | ||
| 5.50%, due 8/1/47 | 6,975,000 | 7,323,018 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| Port of Seattle, Intermediate Lien, Revenue Bonds (b) | ||
| Series C | ||
| 5.00%, due 8/1/30 | $ 5,000,000 | $ 5,316,984 |
| Series C | ||
| 5.00%, due 8/1/38 | 8,965,000 | 9,318,776 |
| State of Washington, Various Purpose, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 8/1/38 | 10,565,000 | 11,426,434 |
| Series A | ||
| 5.00%, due 8/1/41 | 7,500,000 | 7,994,289 |
| State of Washington, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 8/1/43 | 4,250,000 | 4,563,619 |
| Series A | ||
| 5.00%, due 8/1/47 | 8,680,000 | 9,057,638 |
| University of Washington, Revenue Bonds | ||
| Series C | ||
| 3.125%, due 7/1/42 | 6,650,000 | 5,415,685 |
| Washington Health Care Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 9/1/55 | 12,105,000 | 12,647,213 |
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 1-N, Insured: GNMA / FNMA / FHLMC | ||
| 2.00%, due 6/1/33 | 1,340,000 | 1,144,442 |
| Series 2-N, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 12/1/50 | 2,350,000 | 2,322,771 |
| Series 2-N, Insured: GNMA / FNMA / FHLMC | ||
| 3.75%, due 12/1/49 | 1,725,000 | 1,727,414 |
| Series 2 | ||
| 4.221%, due 3/1/50 (a) | 5,510,689 | 5,259,242 |
| Series 1-N, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 12/1/44 | 5,000,000 | 5,227,328 |
| Washington State Housing Finance Commission, Single-Family Program, Revenue Bonds | ||
| Series 1-N | ||
| 4.00%, due 6/1/49 | 55,000 | 55,245 |
| 231,032,750 | ||
| West Virginia 0.2% | ||
| West Virginia Hospital Finance Authority, United Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/52 | 10,000,000 | 10,002,939 |
| West Virginia Hospital Finance Authority, Vandalia Health Group, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.50%, due 9/1/48 | 8,600,000 | 9,031,312 |
| 19,034,251 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin 1.4% | ||
| FHLMC Multifamily VRD Certificates, Revenue Bonds | ||
| Series M-051, Class A | ||
| 2.65%, due 6/15/35 (d) | $ 2,565,000 | $ 2,213,114 |
| Series ML-27, Insured: FHLMC | ||
| 4.759%, due 8/25/41 | 41,050,421 | 41,909,898 |
| Howard-Suamico School District, Unlimited General Obligation | ||
| 2.00%, due 3/1/36 | 4,825,000 | 3,855,154 |
| 2.00%, due 3/1/39 | 5,200,000 | 5,146,745 |
| 2.00%, due 3/1/41 | 4,540,000 | 4,493,504 |
| Public Finance Authority, Scotland Health Care System, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 10/1/51 | 2,915,000 | 1,967,538 |
| Public Finance Authority, Revenue Bonds | ||
| Series 1, Class A-1 | ||
| 4.157%, due 1/20/41 (a) | 17,463,775 | 16,012,287 |
| Public Finance Authority, Systima Capital Management LLC, Revenue Bonds | ||
| Series 1, Class A-1 | ||
| 5.40%, due 6/20/44 (a) | 9,995,742 | 10,297,672 |
| Public Finance Authority, Georgia SR 400 Express Lanes Project, Revenue Bonds, Senior Lien (b) | ||
| 5.75%, due 12/31/65 | 7,325,000 | 7,564,481 |
| 6.50%, due 12/31/65 | 9,350,000 | 10,239,197 |
| River Falls School District, Unlimited General Obligation | ||
| Series A | ||
| 3.35%, due 4/1/34 | 2,765,000 | 2,721,938 |
| Series A | ||
| 3.40%, due 4/1/35 | 2,595,000 | 2,548,179 |
| Series A | ||
| 3.45%, due 4/1/36 | 3,130,000 | 3,066,474 |
| Sun Prairie Area School District, Unlimited General Obligation | ||
| 2.00%, due 3/1/41 | 6,500,000 | 4,597,767 |
| Waunakee Community School District, Unlimited General Obligation | ||
| 3.25%, due 4/1/28 | 5,170,000 | 5,170,220 |
| Wisconsin Center District, Revenue Bonds, Senior Lien | ||
| Series C, Insured: AG | ||
| (zero coupon), due 12/15/45 | 10,000,000 | 3,887,826 |
| Wisconsin Health & Educational Facilities Authority, Aspirus, Inc. Obligated Group, Revenue Bonds | ||
| 4.00%, due 8/15/48 | 4,015,000 | 3,491,837 |
| Wisconsin Housing & Economic Development Authority, Home Ownership, Sustainable Bond, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 9/1/39 | 6,100,000 | 6,446,661 |
| 135,630,492 | ||
| Wyoming 0.2% | ||
| County of Campbell, Basin Electric Power Cooperative, Revenue Bonds | ||
| Series A | ||
| 3.625%, due 7/15/39 | 6,115,000 | 5,462,493 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wyoming | ||
| Wyoming Community Development Authority, Revenue Bonds | ||
| Series 1, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 12/1/46 | $ 6,210,000 | $ 6,191,731 |
| Series 1 | ||
| 6.00%, due 12/1/54 | 3,150,000 | 3,377,833 |
| 15,032,057 | ||
| Total Long-Term Municipal Bonds (Cost $9,619,454,347) | 9,652,507,327 | |
| Short-Term Municipal Notes 1.8% | ||
| Illinois 0.3% | ||
| Illinois Finance Authority, Northshore-Edward-Elmhurst Health Credit Group, Revenue Bonds | ||
| Series F | ||
| 2.95%, due 8/15/57 (f) | 26,805,000 | 26,805,000 |
| Maryland 0.3% | ||
| Maryland Health & Higher Educational Facilities Authority, Johns Hopkins Health System Issue, Revenue Bonds | ||
| Series B | ||
| 2.10%, due 5/15/53 (f) | 33,400,000 | 33,400,000 |
| New York 0.3% | ||
| BlackRock MuniYield Quality Fund, Inc. | ||
| 2.32%, due 2/1/56 (b)(d)(f) | 25,000,000 | 25,000,000 |
| Metropolitan Transportation Authority, Transportation, Revenue Bonds | ||
| Series E-1 | ||
| 3.05%, due 11/15/50 (f) | 5,000,000 | 5,000,000 |
| 30,000,000 | ||
| North Carolina 0.4% | ||
| Charlotte-Mecklenburg Hospital Authority (The), Atrium Health, Revenue Bonds | ||
| Series E | ||
| 3.00%, due 1/15/42 (f) | 36,560,000 | 36,560,000 |
| Pennsylvania 0.0% ‡ | ||
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Revenue Bonds | ||
| Series D-1 | ||
| 2.90%, due 11/1/61 (f) | 2,000,000 | 2,000,000 |
| Texas 0.3% | ||
| Harris County Cultural Education Facilities Finance Corp., Houston Methodist, Revenue Bonds | ||
| Series D | ||
| 3.00%, due 12/1/60 (f) | 16,000,000 | 16,000,000 |
| Principal Amount | Value | ||
| Short-Term Municipal Notes | |||
| Texas | |||
| San Antonio Water System, Revenue Bonds, Sub. Lien | |||
| Series A | |||
| 3.10%, due 5/1/54 (f) | $ 9,150,000 | $ 9,150,000 | |
| 25,150,000 | |||
| Utah 0.0% ‡ | |||
| County of Utah, IHC Health Services, Inc., Revenue Bonds | |||
| Series C | |||
| 2.25%, due 5/15/51 (f) | 3,900,000 | 3,900,000 | |
| Wisconsin 0.2% | |||
| BlackRock Municipal 2030 Target Term Trust | |||
| Series W-7 | |||
| 2.30%, due 12/31/30 (b)(d)(f) | 19,100,000 | 19,100,000 | |
| Total Short-Term Municipal Notes (Cost $176,915,000) | 176,915,000 | ||
| Total Municipal Bonds (Cost $9,796,369,347) | 9,829,422,327 | ||
| Shares | |||
| Short-Term Investment 0.1% | |||
| Unaffiliated Investment Company 0.1% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (g) | 15,129,002 | 15,129,002 | |
| Total Short-Term Investment (Cost $15,129,002) | 15,129,002 | ||
| Total Investments (Cost $9,811,498,349) | 99.3% | 9,844,551,329 | |
| Other Assets, Less Liabilities | 0.7 | 68,564,454 | |
| Net Assets | 100.0% | $ 9,913,115,783 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (b) | Interest on these securities is subject to alternative minimum tax. |
| (c) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (d) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (e) | Delayed delivery security. |
| (f) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (g) | Current yield as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHA—Federal Housing Administration |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| HUD—Housing and Urban Development |
| MTA—Metropolitan Transportation Authority |
| NATL-RE—National Public Finance Guarantee Corp. |
| PSF-GTD—Permanent School Fund Guaranteed |
| Q-SBLF—Qualified School Board Loan Fund |
| SD CRED PROG—School District Credit Enhancement Program |
| SONYMA—State of New York Mortgage Agency |
| UT CSCE—Utah Charter School Credit Enhancement Program |
| VRD—Variable Rate Demand |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 9,652,507,327 | $ — | $ 9,652,507,327 | |||
| Short-Term Municipal Notes | — | 176,915,000 | — | 176,915,000 | |||
| Total Municipal Bonds | — | 9,829,422,327 | — | 9,829,422,327 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 15,129,002 | — | — | 15,129,002 | |||
| Total Investments in Securities | $ 15,129,002 | $ 9,829,422,327 | $ — | $ 9,844,551,329 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 96.9% | ||
| Corporate Bonds 8.9% | ||
| Commercial Services 5.1% | ||
| Chapman University | ||
| Series 2021 | ||
| 1.867%, due 4/1/29 | $ 1,000,000 | $ 915,457 |
| Series 2021 | ||
| 2.067%, due 4/1/31 | 2,616,000 | 2,270,612 |
| Cornell University | ||
| Series 2025 | ||
| 4.733%, due 6/15/35 | 31,251,000 | 30,147,529 |
| Johns Hopkins University (The) | ||
| Series A | ||
| 1.972%, due 7/1/30 | 2,270,000 | 2,038,583 |
| Northwestern University | ||
| 4.94%, due 12/1/35 | 5,000,000 | 4,904,532 |
| President and Fellows of Harvard College | ||
| 3.619%, due 10/1/37 | 12,564,000 | 10,857,238 |
| 4.875%, due 10/15/40 | 4,928,000 | 4,701,212 |
| 4.887%, due 3/15/30 | 4,500,000 | 4,532,599 |
| 5.625%, due 10/1/38 | 1,205,000 | 1,225,382 |
| Thomas Jefferson University | ||
| Series 2035 | ||
| 3.251%, due 11/1/35 | 1,780,000 | 1,481,408 |
| Series 2036 | ||
| 3.331%, due 11/1/36 | 1,840,000 | 1,508,429 |
| Toll Road Investors Partnership II LP (a) | ||
| (zero coupon), due 2/15/39 | 10,000,000 | 3,744,920 |
| (zero coupon), due 2/15/41 | 10,000,000 | 3,157,561 |
| Series A | ||
| 7.125%, due 2/15/35 | 4,870,000 | 4,788,442 |
| Trustees of Columbia University in the City of New York (The) | ||
| Series 2024 | ||
| 4.355%, due 10/1/35 | 9,009,000 | 8,462,534 |
| Series 2026 | ||
| 4.401%, due 10/1/31 | 11,000,000 | 10,768,162 |
| Series 2026 | ||
| 4.676%, due 10/1/33 | 11,800,000 | 11,597,860 |
| Trustees of Princeton University (The) | ||
| 4.647%, due 7/1/30 | 4,975,000 | 4,975,018 |
| University of Chicago (The) | ||
| Series 2024 | ||
| 5.038%, due 4/1/31 | 3,227,000 | 3,232,235 |
| Villanova University | ||
| Series 2026 | ||
| 4.784%, due 8/1/31 | 3,000,000 | 3,002,412 |
| Wake Forest University | ||
| 3.451%, due 1/15/32 | 3,500,000 | 3,321,300 |
| 121,633,425 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Healthcare-Services 3.2% | ||
| Advocate Health & Hospitals Corp. | ||
| 3.829%, due 8/15/28 | $ 1,590,000 | $ 1,566,550 |
| Ascension Health | ||
| Series 2025 | ||
| 4.923%, due 11/15/35 | 4,000,000 | 3,872,535 |
| CommonSpirit Health | ||
| 4.825%, due 9/1/35 | 10,615,000 | 10,135,260 |
| Lifespan Corp. | ||
| 4.65%, due 5/15/31 | 4,000,000 | 3,916,047 |
| Series 2025 | ||
| 5.05%, due 2/15/30 | 9,195,000 | 9,206,979 |
| Marshfield Clinic Health System, Inc. | ||
| Series 2024 | ||
| 5.75%, due 2/15/34 | 9,000,000 | 9,125,930 |
| Orlando Health Obligated Group | ||
| 5.475%, due 10/1/35 | 2,725,000 | 2,720,850 |
| PeaceHealth Obligated Group | ||
| 4.855%, due 11/15/32 | 5,500,000 | 5,388,121 |
| Southeast Alaska Regional Health Consortium | ||
| 2.262%, due 7/1/31 | 4,250,000 | 3,728,197 |
| Sutter Health | ||
| Series 2025 | ||
| 5.213%, due 8/15/32 | 6,750,000 | 6,794,551 |
| Series 2025 | ||
| 5.537%, due 8/15/35 | 5,500,000 | 5,550,504 |
| UC Health LLC | ||
| Series 2025 | ||
| 5.858%, due 8/1/35 | 13,100,000 | 13,134,449 |
| UPMC | ||
| 5.035%, due 5/15/33 | 1,975,000 | 1,955,278 |
| 77,095,251 | ||
| Real Estate 0.6% | ||
| Fort Carson Family Housing LLC | ||
| 5.677%, due 12/15/45 | 13,365,000 | 13,022,718 |
| Total Corporate Bonds (Cost $215,455,505) | 211,751,394 | |
| Municipal Bonds 88.0% | ||
| Alabama 0.2% | ||
| Alabama Federal Aid Highway Finance Authority Revenue Bonds | ||
| Series B | ||
| 1.856%, due 9/1/29 | 305,000 | 282,767 |
| Series B | ||
| 2.156%, due 9/1/32 | 945,000 | 813,936 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Alabama | ||
| Alabama Federal Aid Highway Finance Authority Revenue Bonds | ||
| Series B | ||
| 2.156%, due 9/1/32 | $ 3,055,000 | $ 2,653,703 |
| Series B | ||
| 2.256%, due 9/1/33 | 5,000 | 4,223 |
| 3,754,629 | ||
| Arizona 0.2% | ||
| Arizona Board of Regents, Arizona State University Revenue Bonds | ||
| Series C | ||
| 4.531%, due 7/1/29 | 1,525,000 | 1,526,129 |
| Arizona Industrial Development Authority, Voyager Foundation Inc., Project Revenue Bonds | ||
| 3.65%, due 10/1/29 | 1,115,000 | 1,075,365 |
| 3.90%, due 10/1/34 | 1,900,000 | 1,661,030 |
| 4,262,524 | ||
| Arkansas 0.5% | ||
| City of Springdale, Sales & Use Tax Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.053%, due 8/1/29 | 3,345,000 | 3,381,357 |
| Series A, Insured: BAM | ||
| 5.103%, due 8/1/30 | 3,350,000 | 3,389,059 |
| Series A, Insured: BAM | ||
| 5.11%, due 8/1/31 | 2,100,000 | 2,118,469 |
| Series A, Insured: BAM | ||
| 5.16%, due 8/1/32 | 2,000,000 | 2,014,354 |
| Series A, Insured: BAM | ||
| 5.21%, due 8/1/33 | 1,150,000 | 1,156,924 |
| Rogers School District No. 30 Limited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/29 | 1,000,000 | 1,008,814 |
| 13,068,977 | ||
| California 13.1% | ||
| Alameda Corridor Transportation Authority Revenue Bonds, Sub. Lien | ||
| Series B, Insured: AG-CR AMBAC | ||
| (zero coupon), due 10/1/31 | 5,590,000 | 4,326,251 |
| Series B, Insured: BAM AMBAC | ||
| (zero coupon), due 10/1/32 | 4,000,000 | 2,928,022 |
| Alameda Corridor Transportation Authority Revenue Bonds, Senior Lien | ||
| Series C, Insured: NATL-RE | ||
| (zero coupon), due 10/1/33 | 17,000,000 | 11,717,978 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| Alameda Corridor Transportation Authority Revenue Bonds, Senior Lien | ||
| Series C, Insured: BHAC-CR NATL-RE | ||
| 6.60%, due 10/1/29 | $ 5,000,000 | $ 5,162,063 |
| Alameda Corridor Transportation Authority Revenue Bonds | ||
| Series D, Insured: BAM AG | ||
| (zero coupon), due 10/1/39 | 4,715,000 | 2,194,681 |
| Anaheim Public Financing Authority, Convention Center Expansion Revenue Bonds | ||
| Series A, Insured: AG | ||
| 2.971%, due 7/1/33 | 2,800,000 | 2,457,446 |
| Antelope Valley Community College District Unlimited General Obligation | ||
| 2.738%, due 8/1/36 | 1,500,000 | 1,225,824 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign Revenue Bonds, Senior Lien | ||
| Series C, Insured: AG | ||
| 5.15%, due 7/1/31 | 1,000,000 | 1,012,293 |
| California Community Choice Financing Authority, Clean Energy Project Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/55 (b) | 7,545,000 | 7,703,785 |
| California Educational Facilities Authority, Chapman University Revenue Bonds | ||
| Series A | ||
| 3.611%, due 4/1/32 | 4,575,000 | 4,232,085 |
| California Health Facilities Financing Authority Revenue Bonds, Senior Lien | ||
| 1.829%, due 6/1/29 | 2,500,000 | 2,320,996 |
| California Infrastructure & Economic Development Bank, Infrastructure State Revolving Fund Revenue Bonds | ||
| Series A | ||
| 2.186%, due 10/1/34 | 1,900,000 | 1,558,957 |
| California Infrastructure & Economic Development Bank, J. David Gladstone Institutes Project (The) Revenue Bonds | ||
| 4.00%, due 10/1/39 | 3,500,000 | 2,898,893 |
| California Infrastructure & Economic Development Bank, PIH Health Energy Projects Revenue Bonds | ||
| Series B | ||
| 5.889%, due 12/1/45 (a) | 5,000,000 | 4,834,327 |
| California Municipal Finance Authority, Channing House Project Revenue Bonds | ||
| Series A, Insured: California Mortgage Insurance | ||
| 5.43%, due 5/15/36 | 425,000 | 420,650 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| California Public Finance Authority, Children's Hospital Los Angeles Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.40%, due 11/15/31 | $ 12,175,000 | $ 12,301,765 |
| California Public Finance Authority, PIH Health, Inc. Obligated Group Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.447%, due 6/1/34 | 7,750,000 | 7,756,894 |
| California State Public Works Board, Department of General Services Revenue Bonds | ||
| Series B | ||
| 5.05%, due 4/1/32 | 4,000,000 | 4,040,237 |
| California State University, Systemwide Revenue Bonds | ||
| Series B | ||
| 1.994%, due 11/1/32 | 1,000,000 | 846,935 |
| Series B | ||
| 4.90%, due 11/1/34 | 3,750,000 | 3,743,498 |
| California State University Revenue Bonds | ||
| Series D | ||
| 2.67%, due 11/1/38 | 1,500,000 | 1,152,622 |
| Series B | ||
| 4.282%, due 11/1/29 | 495,000 | 491,807 |
| Series B | ||
| 4.412%, due 11/1/30 | 665,000 | 660,925 |
| Series B | ||
| 4.555%, due 11/1/31 | 845,000 | 840,652 |
| Series B | ||
| 4.705%, due 11/1/32 | 500,000 | 498,620 |
| Series B | ||
| 5.028%, due 11/1/35 | 2,025,000 | 2,028,364 |
| Series B | ||
| 5.128%, due 11/1/36 | 1,105,000 | 1,109,939 |
| Series B | ||
| 5.208%, due 11/1/37 | 1,075,000 | 1,077,747 |
| Series B | ||
| 5.278%, due 11/1/38 | 2,025,000 | 2,027,674 |
| California Statewide Communities Development Authority, Buck Institute for Research on Aging Revenue Bonds | ||
| Insured: AG | ||
| 2.148%, due 11/15/30 | 1,480,000 | 1,441,311 |
| Chaffey Joint Union High School District Unlimited General Obligation | ||
| 2.865%, due 8/1/31 | 2,200,000 | 2,025,600 |
| 3.093%, due 8/1/39 | 7,250,000 | 5,907,868 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| Charter Oak Unified School District Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.481%, due 8/1/34 | $ 1,330,000 | $ 1,108,704 |
| City of Los Angeles, Department of Airports Customer Facility Charge Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.258%, due 5/15/30 | 8,160,000 | 7,758,101 |
| Series A, Insured: AG | ||
| 3.408%, due 5/15/32 | 5,410,000 | 5,014,013 |
| City of Los Angeles, Wastewater System Revenue Bonds | ||
| Series B | ||
| 5.291%, due 6/1/34 | 2,040,000 | 2,071,216 |
| Series B | ||
| 5.341%, due 6/1/35 | 3,615,000 | 3,668,079 |
| Series B | ||
| 5.441%, due 6/1/36 | 3,925,000 | 3,987,899 |
| Series B | ||
| 5.541%, due 6/1/37 | 4,000,000 | 4,068,238 |
| City of Los Angeles, Sustainable Bond Unlimited General Obligation | ||
| Series A | ||
| 5.50%, due 9/1/32 | 6,895,000 | 7,175,664 |
| City of Los Angeles, Department of Airports Revenue Bonds | ||
| Series C | ||
| 6.582%, due 5/15/39 | 1,870,000 | 1,947,471 |
| City of Oakland Unlimited General Obligation | ||
| Series A-2 | ||
| 5.50%, due 7/15/31 | 1,000,000 | 1,023,487 |
| Series A-2 | ||
| 5.60%, due 7/15/32 | 2,580,000 | 2,652,086 |
| Series A-2 | ||
| 5.75%, due 7/15/34 | 4,205,000 | 4,333,070 |
| Contra Costa Community College District Unlimited General Obligation | ||
| 2.926%, due 8/1/38 | 1,610,000 | 1,311,359 |
| Contra Costa Transportation Authority, Sales Tax Revenue Bonds | ||
| Series B | ||
| 2.25%, due 3/1/34 | 1,580,000 | 1,317,624 |
| County of Alameda Unlimited General Obligation | ||
| Series B | ||
| 3.699%, due 8/1/31 | 3,050,000 | 2,924,333 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| Cupertino Union School District Unlimited General Obligation | ||
| 2.65%, due 8/1/31 | $ 1,000,000 | $ 909,993 |
| Foothill-De Anza Community College District, Election of 2006 Unlimited General Obligation | ||
| Series E | ||
| 2.896%, due 8/1/31 | 1,025,000 | 946,874 |
| Foothill-Eastern Transportation Corridor Agency Revenue Bonds, Senior Lien | ||
| Series B, Insured: AG | ||
| 2.491%, due 1/15/35 | 2,000,000 | 1,634,335 |
| Glendale Community College District Unlimited General Obligation | ||
| 2.268%, due 8/1/30 | 1,500,000 | 1,374,864 |
| Kings Canyon Unified School District Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| (zero coupon), due 8/1/39 | 2,000,000 | 987,917 |
| Long Beach Community College District Unlimited General Obligation | ||
| Series H | ||
| 2.587%, due 8/1/31 | 4,870,000 | 4,432,374 |
| Los Angeles Community College District, Election of 2008 Unlimited General Obligation | ||
| Series B | ||
| 7.53%, due 8/1/29 | 6,000,000 | 6,343,384 |
| Los Angeles County Public Works Financing Authority, Multiple Capital Projects Revenue Bonds | ||
| Series B | ||
| 7.488%, due 8/1/33 | 8,750,000 | 9,446,415 |
| Los Angeles County Public Works Financing Authority Revenue Bonds | ||
| Series B | ||
| 7.618%, due 8/1/40 | 4,025,000 | 4,599,441 |
| Los Angeles Department of Water & Power, Power System Revenue Bonds | ||
| Series D | ||
| 6.574%, due 7/1/45 | 9,060,000 | 9,348,071 |
| Los Angeles Housing Authority, Harbor View Place Revenue Bonds | ||
| 5.20%, due 8/1/30 | 5,390,000 | 5,423,914 |
| Los Angeles Unified School District Revenue Bonds | ||
| Series A | ||
| 5.255%, due 10/1/37 | 3,175,000 | 3,156,408 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| Marin Community College District Unlimited General Obligation | ||
| Series B | ||
| 1.89%, due 8/1/32 | $ 2,400,000 | $ 2,053,065 |
| Oakland Unified School District, Alameda County Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.874%, due 8/1/35 | 7,405,000 | 6,220,879 |
| Ontario Public Financing Authority Revenue Bonds | ||
| Series A | ||
| 4.567%, due 10/1/34 | 500,000 | 484,690 |
| Series A | ||
| 4.667%, due 10/1/36 | 750,000 | 719,354 |
| Series C | ||
| 5.348%, due 3/1/38 | 4,345,000 | 4,350,204 |
| Series C | ||
| 5.448%, due 3/1/39 | 4,430,000 | 4,440,300 |
| Oxnard School District Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.627%, due 8/1/41 | 4,000,000 | 2,925,988 |
| Port of Oakland Revenue Bonds, Senior Lien | ||
| Series R | ||
| 2.099%, due 5/1/30 | 2,296,004 | 2,094,549 |
| San Diego Community College District Unlimited General Obligation | ||
| 2.113%, due 8/1/31 | 3,470,000 | 3,088,436 |
| Series A-2 | ||
| 5.75%, due 8/1/31 | 1,230,000 | 1,292,338 |
| San Diego County Regional Transportation Commission Revenue Bonds | ||
| Series A | ||
| 2.499%, due 4/1/30 | 1,570,000 | 1,465,755 |
| San Diego Public Facilities Financing Authority, Water Utility Revenue Bonds | ||
| Series B | ||
| 2.333%, due 8/1/32 | 1,000,000 | 874,278 |
| San Joaquin Hills Transportation Corridor Agency Revenue Bonds, Senior Lien | ||
| Series B, Insured: AG | ||
| 2.571%, due 1/15/30 | 1,250,000 | 1,172,200 |
| San Jose Evergreen Community College District, Election of 2016 Unlimited General Obligation | ||
| Series B-1 | ||
| 2.61%, due 9/1/36 | 3,000,000 | 2,431,138 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| San Jose Evergreen Community College District, Election of 2016 Unlimited General Obligation | ||
| Series B-1 | ||
| 2.70%, due 9/1/37 | $ 3,000,000 | $ 2,392,550 |
| San Jose Evergreen Community College District Unlimited General Obligation | ||
| Series B | ||
| 5.084%, due 7/1/43 | 4,835,000 | 4,831,720 |
| San Jose Unified School District Unlimited General Obligation | ||
| 1.847%, due 8/1/33 | 1,685,000 | 1,394,102 |
| San Ramon Valley Unified School District Unlimited General Obligation | ||
| 2.014%, due 8/1/31 | 2,920,000 | 2,571,754 |
| Santa Monica-Malibu Unified School District Unlimited General Obligation | ||
| 1.51%, due 7/1/30 | 2,510,000 | 2,238,450 |
| Silicon Valley Clean Water Revenue Bonds | ||
| Series A | ||
| 1.962%, due 8/1/31 | 3,035,000 | 2,673,546 |
| Southern California Public Power Authority, National Gas Project Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.93%, due 7/1/32 | 1,295,000 | 1,329,101 |
| Series A, Insured: AG | ||
| 6.03%, due 7/1/32 | 5,105,000 | 5,255,568 |
| State of California Unlimited General Obligation | ||
| 5.10%, due 9/1/35 | 3,500,000 | 3,479,549 |
| 7.55%, due 4/1/39 | 16,310,000 | 18,822,074 |
| 7.60%, due 11/1/40 | 10,395,000 | 12,087,322 |
| State of California, Various Purpose Unlimited General Obligation | ||
| 5.875%, due 10/1/41 | 4,000,000 | 4,045,313 |
| State of California Department of Water Resources, Central Valley Project Revenue Bonds | ||
| Series BC | ||
| 1.769%, due 12/1/34 | 2,425,000 | 1,904,915 |
| Series BE | ||
| 2.132%, due 12/1/33 | 7,500,000 | 6,251,740 |
| University of California Revenue Bonds | ||
| Series BU | ||
| 4.932%, due 5/15/34 | 2,000,000 | 2,009,469 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| California | ||
| William S Hart Union High School District Unlimited General Obligation | ||
| (zero coupon), due 8/1/32 | $ 7,500,000 | $ 5,729,126 |
| 312,541,516 | ||
| Colorado 1.6% | ||
| City & County of Denver, Airport System Revenue Bonds | ||
| Series C | ||
| 2.237%, due 11/15/30 | 8,020,000 | 7,274,539 |
| Colorado Housing and Finance Authority Revenue Bonds | ||
| Series E-1, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/49 | 4,980,000 | 5,145,232 |
| Series O-1, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/56 | 990,000 | 1,021,171 |
| Series D-1, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 5/1/55 | 9,970,000 | 10,422,403 |
| Series H-1, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/55 | 4,915,000 | 5,138,253 |
| Series G-1, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 11/1/55 | 2,925,000 | 3,080,219 |
| Denver City & County School District No. 1 Certificate of Participation | ||
| Series B | ||
| 7.017%, due 12/15/37 | 3,400,000 | 3,776,337 |
| Park Creek Metropolitan District Revenue Bonds, Senior Lien | ||
| Series B, Insured: AG | ||
| 3.344%, due 12/1/32 | 1,850,000 | 1,685,237 |
| Regional Transportation District, Fastracks Project Revenue Bonds | ||
| Series A | ||
| 2.337%, due 11/1/36 | 1,000,000 | 778,479 |
| 38,321,870 | ||
| Connecticut 2.6% | ||
| Connecticut Housing Finance Authority Revenue Bonds | ||
| Series A-2, Insured: GNMA / FNMA / FHLMC | ||
| 5.41%, due 5/15/55 | 8,225,000 | 8,290,808 |
| Series E-2, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 11/15/55 | 5,910,000 | 6,097,352 |
| State of Connecticut Unlimited General Obligation | ||
| Series A | ||
| 2.677%, due 7/1/30 | 3,805,000 | 3,552,035 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Connecticut | ||
| State of Connecticut Unlimited General Obligation | ||
| Series A | ||
| 4.06%, due 6/15/30 | $ 4,600,000 | $ 4,520,956 |
| Series A | ||
| 4.628%, due 5/15/32 | 5,060,000 | 5,035,167 |
| Series A | ||
| 4.657%, due 5/15/30 | 7,000,000 | 7,027,096 |
| Series A | ||
| 4.711%, due 9/15/34 | 12,750,000 | 12,568,747 |
| Series A | ||
| 4.811%, due 9/15/35 | 1,500,000 | 1,478,908 |
| Series A | ||
| 4.846%, due 5/1/33 | 1,800,000 | 1,803,734 |
| Series A | ||
| 4.89%, due 3/15/32 | 3,000,000 | 3,026,310 |
| Series A | ||
| 5.049%, due 3/15/33 | 4,200,000 | 4,259,063 |
| Series A | ||
| 5.099%, due 3/15/34 | 4,150,000 | 4,206,244 |
| 61,866,420 | ||
| District of Columbia 1.4% | ||
| District of Columbia Revenue Bonds | ||
| Series B | ||
| 5.153%, due 5/1/31 | 10,000,000 | 10,210,844 |
| Series B | ||
| 5.203%, due 5/1/32 | 8,800,000 | 9,001,434 |
| District of Columbia, Georgetown University Revenue Bonds | ||
| Series B | ||
| 5.751%, due 4/1/35 | 1,500,000 | 1,546,456 |
| District of Columbia, Howard University Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 7.625%, due 10/1/35 | 7,240,000 | 8,059,144 |
| District of Columbia Income Tax Revenue Bonds | ||
| Series B | ||
| 4.818%, due 6/1/34 | 5,550,000 | 5,509,401 |
| 34,327,279 | ||
| Florida 2.0% | ||
| Bay Laurel Center Community Development District, Water & Sewer Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.60%, due 9/1/42 | 1,000,000 | 989,406 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Florida | ||
| Central Florida Tourism Oversight District Limited General Obligation | ||
| Series A | ||
| 2.547%, due 6/1/35 | $ 1,605,000 | $ 1,313,466 |
| City of Miramar Revenue Bonds | ||
| 2.443%, due 10/1/34 | 1,970,000 | 1,623,101 |
| 2.543%, due 10/1/35 | 2,395,000 | 1,937,685 |
| County of Broward, Airport System Revenue Bonds | ||
| Series C | ||
| 2.914%, due 10/1/32 | 9,255,000 | 8,329,396 |
| County of Miami-Dade, Seaport Department Revenue Bonds | ||
| Series A-3, Insured: AG | ||
| 2.012%, due 10/1/31 | 6,940,000 | 6,070,996 |
| Series A-3, Insured: AG | ||
| 2.162%, due 10/1/32 | 4,000,000 | 3,423,839 |
| Series A-3, Insured: AG | ||
| 2.312%, due 10/1/33 | 3,000,000 | 2,522,064 |
| Series A-3, Insured: AG | ||
| 2.712%, due 10/1/37 | 1,000,000 | 782,974 |
| 5.499%, due 11/1/29 | 1,150,000 | 1,178,099 |
| 5.653%, due 11/1/32 | 3,545,000 | 3,674,220 |
| County of Miami-Dade, Aviation Revenue Bonds | ||
| Series B | ||
| 3.406%, due 10/1/32 | 1,500,000 | 1,377,619 |
| Florida Housing Finance Corp., Homeowner Mortgage Revenue Bonds | ||
| Series 2, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/55 | 2,070,000 | 2,122,548 |
| Sumter Landing Community Development District Revenue Bonds | ||
| Insured: AG | ||
| 4.884%, due 10/1/30 | 1,700,000 | 1,717,809 |
| Insured: AG | ||
| 4.981%, due 10/1/31 | 1,500,000 | 1,519,181 |
| Insured: AG | ||
| 5.031%, due 10/1/32 | 1,250,000 | 1,265,952 |
| Insured: AG | ||
| 5.118%, due 10/1/33 | 1,500,000 | 1,521,797 |
| Insured: AG | ||
| 5.168%, due 10/1/34 | 1,750,000 | 1,774,286 |
| Insured: AG | ||
| 5.188%, due 10/1/35 | 1,500,000 | 1,516,288 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Florida | ||
| Tampa-Hillsborough County Expressway Authority Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 2.142%, due 7/1/31 | $ 4,375,000 | $ 3,872,307 |
| 48,533,033 | ||
| Georgia 3.1% | ||
| City of Atlanta, Water & Wastewater Revenue Bonds | ||
| 1.637%, due 11/1/29 | 7,250,000 | 6,617,584 |
| 2.257%, due 11/1/35 | 3,800,000 | 3,122,044 |
| City of Atlanta, Airport Customer Facility Charge Revenue Bonds | ||
| Series A | ||
| 4.776%, due 7/1/33 | 1,300,000 | 1,292,643 |
| Series A | ||
| 4.976%, due 7/1/35 | 1,000,000 | 995,576 |
| Series A | ||
| 5.076%, due 7/1/36 | 1,120,000 | 1,116,411 |
| Series A | ||
| 5.196%, due 7/1/37 | 2,170,000 | 2,170,433 |
| Development Authority of Gwinnett County Revenue Bonds | ||
| 4.70%, due 9/1/37 | 3,540,000 | 3,436,581 |
| 4.80%, due 9/1/38 | 2,700,000 | 2,618,862 |
| 4.90%, due 9/1/39 | 3,210,000 | 3,111,321 |
| Georgia Higher Education Facilities Authority, USG Real Estate Foundation XIV LLC Project Revenue Bonds | ||
| Series A | ||
| 4.525%, due 1/1/31 | 2,000,000 | 1,986,797 |
| Series A | ||
| 4.763%, due 1/1/33 | 1,700,000 | 1,685,837 |
| Series A | ||
| 5.093%, due 1/1/37 | 5,850,000 | 5,730,911 |
| Series A, Insured: BAM | ||
| 5.173%, due 1/1/38 | 1,600,000 | 1,564,374 |
| Main Street Energy, Inc., Energy Project Revenue Bonds | ||
| Series D | ||
| 5.00%, due 12/1/33 | 16,000,000 | 16,622,890 |
| Municipal Electric Authority of Georgia, Seaport Department Revenue Bonds | ||
| Series B | ||
| 5.89%, due 7/1/33 | 1,235,000 | 1,261,099 |
| Municipal Electric Authority of Georgia Revenue Bonds | ||
| Series A, Insured: AG-CR AMBAC | ||
| 5.95%, due 1/1/35 | 2,730,000 | 2,822,957 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Georgia | ||
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project Revenue Bonds | ||
| Series B | ||
| 6.474%, due 7/1/45 | $ 1,500,000 | $ 1,534,100 |
| Series B, Insured: BAM | ||
| 6.474%, due 7/1/45 | 2,500,000 | 2,622,956 |
| Oglethorpe Power Corp. Revenue Bonds | ||
| Insured: NATL-RE | ||
| 5.534%, due 1/1/35 (a) | 9,695,000 | 9,775,611 |
| Savannah Hospital Authority, St. Joseph's Candler Health System Obligated Group Revenue Bonds | ||
| Series B | ||
| 3.989%, due 7/1/38 | 1,000,000 | 882,702 |
| Savannah Hospital Authority, St. Joseph's Candler Health System Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 3.989%, due 7/1/38 | 2,750,000 | 2,446,665 |
| State of Georgia Unlimited General Obligation | ||
| Series B | ||
| 3.30%, due 2/1/37 | 1,500,000 | 1,332,773 |
| 74,751,127 | ||
| Guam 0.0% ‡ | ||
| Port Authority of Guam Revenue Bonds | ||
| Series C | ||
| 4.582%, due 7/1/28 | 1,000,000 | 991,448 |
| Hawaii 3.0% | ||
| City & County of Honolulu Unlimited General Obligation | ||
| Series D | ||
| 3.068%, due 10/1/30 | 1,980,000 | 1,870,332 |
| County of Kauai Unlimited General Obligation | ||
| Series A | ||
| 5.913%, due 8/1/34 | 1,500,000 | 1,580,762 |
| State of Hawaii Unlimited General Obligation | ||
| Series GC | ||
| 1.718%, due 10/1/30 | 5,500,000 | 4,901,352 |
| Series GC | ||
| 1.868%, due 10/1/31 | 6,000,000 | 5,224,661 |
| Series GJ | ||
| 2.042%, due 8/1/31 | 4,255,000 | 3,756,274 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Hawaii | ||
| State of Hawaii Unlimited General Obligation | ||
| Series FZ | ||
| 2.245%, due 8/1/38 | $ 3,475,000 | $ 2,554,742 |
| Series GD | ||
| 2.642%, due 10/1/36 | 1,200,000 | 969,249 |
| Series GD | ||
| 2.80%, due 10/1/38 | 2,000,000 | 1,561,752 |
| Series GD | ||
| 2.83%, due 10/1/39 | 2,650,000 | 2,025,993 |
| Series GQ | ||
| 4.424%, due 10/1/32 | 7,000,000 | 6,857,675 |
| Series GM | ||
| 4.821%, due 10/1/32 | 2,000,000 | 2,001,233 |
| Series GN | ||
| 4.936%, due 10/1/37 | 4,100,000 | 4,017,641 |
| Series GQ | ||
| 5.029%, due 10/1/39 | 5,000,000 | 4,884,482 |
| Series GQ | ||
| 5.079%, due 10/1/40 | 13,140,000 | 12,779,862 |
| Series GQ | ||
| 5.159%, due 10/1/41 | 16,695,000 | 16,266,139 |
| 71,252,149 | ||
| Idaho 1.0% | ||
| Idaho Housing & Finance Association Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.128%, due 1/1/35 | 1,150,000 | 1,125,622 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/65 | 11,110,000 | 11,435,233 |
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/56 | 4,855,000 | 5,047,023 |
| Idaho Housing & Finance Association, Single-Family Mortgage Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/54 | 6,815,000 | 7,089,480 |
| 24,697,358 | ||
| Illinois 6.9% | ||
| Chicago Board of Education, Dedicated Capital Improvement Unlimited General Obligation | ||
| Series C, Insured: BAM | ||
| 6.319%, due 11/1/29 | 2,000,000 | 2,019,149 |
| Chicago Board of Education Unlimited General Obligation | ||
| Series D, Insured: BAM | ||
| 6.519%, due 12/1/40 | 1,635,000 | 1,643,576 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Illinois | ||
| Chicago O'Hare International Airport Revenue Bonds, Senior Lien | ||
| Series D | ||
| 2.546%, due 1/1/32 | $ 3,000,000 | $ 2,676,365 |
| City of Chicago Unlimited General Obligation | ||
| Series A | ||
| 5.879%, due 1/1/31 | 4,750,000 | 4,752,337 |
| Series A | ||
| 6.226%, due 1/1/32 | 13,000,000 | 13,129,854 |
| Series A | ||
| 6.326%, due 1/1/33 | 8,375,000 | 8,340,174 |
| Series B, Insured: AG-CR | ||
| 7.375%, due 1/1/33 | 2,868,000 | 3,091,784 |
| City of Chicago, Wastewater Transmission Revenue Bonds, Second Lien | ||
| Series B, Insured: BAM | ||
| 6.90%, due 1/1/40 | 5,500,000 | 5,877,665 |
| County of Cook Unlimited General Obligation | ||
| Series C | ||
| 5.79%, due 11/15/29 | 490,000 | 497,354 |
| Illinois Finance Authority, Ann & Robert H Lurie Children's Hospital Revenue Bonds | ||
| 3.598%, due 8/15/30 | 2,250,000 | 2,162,963 |
| Illinois Housing Development Authority Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 5.229%, due 10/1/34 | 2,450,000 | 2,428,041 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 5.279%, due 4/1/35 | 2,315,000 | 2,291,778 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 5.329%, due 10/1/35 | 2,295,000 | 2,278,104 |
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/54 | 2,270,000 | 2,346,121 |
| Series H, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 4/1/56 | 2,490,000 | 2,592,090 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/56 | 3,410,000 | 3,554,886 |
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/56 | 5,245,000 | 5,485,870 |
| Illinois State Toll Highway Authority Revenue Bonds | ||
| Series A | ||
| 6.184%, due 1/1/34 | 1,114,000 | 1,157,304 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Illinois | ||
| Metropolitan Pier & Exposition Authority Revenue Bonds | ||
| Series B | ||
| 7.20%, due 6/15/33 | $ 11,305,000 | $ 11,572,884 |
| Sales Tax Securitization Corp. Revenue Bonds, Second Lien | ||
| Series B, Insured: BAM | ||
| 2.857%, due 1/1/31 | 8,500,000 | 7,876,721 |
| Series B | ||
| 4.847%, due 1/1/31 | 5,450,000 | 5,466,913 |
| Sales Tax Securitization Corp. Revenue Bonds | ||
| Series C | ||
| 3.23%, due 1/1/28 | 850,000 | 836,481 |
| Series C | ||
| 3.33%, due 1/1/30 | 6,250,000 | 5,986,275 |
| Series A, Insured: BAM | ||
| 4.637%, due 1/1/40 | 5,000,000 | 4,812,421 |
| State of Illinois, Sales Tax Revenue Bonds | ||
| 3.45%, due 6/15/29 | 3,170,000 | 3,064,057 |
| State of Illinois Revenue Bonds | ||
| 4.62%, due 6/15/38 | 16,096,003 | 15,570,068 |
| State of Illinois Unlimited General Obligation | ||
| Series B | ||
| 5.52%, due 4/1/38 | 6,950,000 | 6,956,669 |
| Insured: AG-CR | ||
| 5.65%, due 12/1/38 | 6,453,055 | 6,517,497 |
| Series 1 | ||
| 6.63%, due 2/1/35 | 11,374,616 | 11,760,162 |
| Series 3 | ||
| 6.725%, due 4/1/35 | 11,391,923 | 11,810,402 |
| State of Illinois, Build America Bonds Unlimited General Obligation | ||
| Series 5 | ||
| 7.35%, due 7/1/35 | 5,493,214 | 5,846,555 |
| 164,402,520 | ||
| Indiana 0.9% | ||
| Indiana Finance Authority, Ohio River Bridges East End Crossing Project Revenue Bonds | ||
| 2.672%, due 7/1/34 | 2,900,000 | 2,460,093 |
| 2.772%, due 7/1/35 | 4,000,000 | 3,337,011 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Indiana | ||
| Indiana Finance Authority, Deaconess Health System Revenue Bonds | ||
| Series A | ||
| 2.876%, due 3/1/38 | $ 2,000,000 | $ 1,551,159 |
| Indiana Housing & Community Development Authority Revenue Bonds | ||
| Series B-3, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/54 | 5,125,000 | 5,296,351 |
| Series A-2, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/56 | 4,500,000 | 4,693,451 |
| St. Joseph County Redevelopment Authority, Commission Revenue Bonds | ||
| Series B, Insured: AG | ||
| 4.991%, due 2/1/31 | 1,085,000 | 1,095,680 |
| Series B, Insured: AG | ||
| 5.033%, due 2/1/32 | 1,135,000 | 1,142,540 |
| Series B, Insured: AG | ||
| 5.083%, due 2/1/33 | 1,000,000 | 1,005,276 |
| 20,581,561 | ||
| Iowa 0.9% | ||
| Iowa Finance Authority Revenue Bonds | ||
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 3,230,000 | 3,357,483 |
| Iowa Student Loan Liquidity Corp. Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.343%, due 12/1/34 | 3,200,000 | 3,177,516 |
| Series A | ||
| 5.426%, due 12/1/35 | 1,730,000 | 1,705,225 |
| Series A | ||
| 5.908%, due 12/1/45 | 12,455,000 | 12,227,106 |
| 20,467,330 | ||
| Kansas 0.1% | ||
| Wyandotte County Unified School District No. 500 Unlimited General Obligation | ||
| Series B | ||
| 3.17%, due 9/1/46 | 5,000,000 | 3,574,648 |
| Kentucky 0.8% | ||
| Kentucky Higher Education Student Loan Corp. Revenue Bonds | ||
| Series A-2 | ||
| 5.945%, due 6/1/33 | 4,750,000 | 4,929,937 |
| Series A-2 | ||
| 5.995%, due 6/1/34 | 5,000,000 | 5,200,135 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Kentucky | ||
| Kentucky Higher Education Student Loan Corp. Revenue Bonds | ||
| Series A-2 | ||
| 6.045%, due 6/1/35 | $ 3,000,000 | $ 3,125,422 |
| Series A-2 | ||
| 6.195%, due 6/1/40 | 3,745,000 | 3,794,278 |
| Kentucky Housing Corp. Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 2,005,000 | 2,098,498 |
| 19,148,270 | ||
| Louisiana 1.1% | ||
| Louisiana Local Government Environmental Facilities & Community Development Authority, Louisiana Utilities Restoration Corp. Project Revenue Bonds | ||
| Series A | ||
| 4.475%, due 8/1/39 | 9,000,000 | 8,525,326 |
| Louisiana Local Government Environmental Facilities & Community Development Authority, Utilities Restoration Corp. Project Revenue Bonds | ||
| 5.197%, due 9/1/39 | 4,397,126 | 4,389,981 |
| State of Louisiana Revenue Bonds | ||
| Series A | ||
| 1.742%, due 6/15/32 | 1,450,000 | 1,226,753 |
| State of Louisiana Unlimited General Obligation | ||
| Series C-1 | ||
| 1.804%, due 6/1/31 | 3,710,000 | 3,259,978 |
| Tulane University Revenue Bonds | ||
| Series C, Insured: NATL-RE | ||
| 4.213%, due 2/15/36 | 9,330,000 | 8,996,162 |
| 26,398,200 | ||
| Maryland 0.9% | ||
| City of Baltimore Unlimited General Obligation | ||
| Series B | ||
| 2.00%, due 10/15/34 | 1,145,000 | 922,312 |
| County of Howard Unlimited General Obligation | ||
| Series E | ||
| 1.55%, due 8/15/31 | 3,000,000 | 2,603,320 |
| Maryland Department of Housing & Community Development Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 9/1/56 | 2,500,000 | 2,601,939 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Maryland | ||
| Maryland Stadium Authority, Baltimore City Public School Construction Financing Fund Revenue Bonds | ||
| Series C, Insured: State Intercept | ||
| 2.207%, due 5/1/31 | $ 1,510,000 | $ 1,352,794 |
| Maryland Stadium Authority, Pimlico Improvements Project Revenue Bonds | ||
| 4.347%, due 6/15/31 | 2,915,000 | 2,859,314 |
| 4.447%, due 6/15/32 | 2,915,000 | 2,850,778 |
| 4.984%, due 6/15/38 | 3,325,000 | 3,208,396 |
| 5.034%, due 6/15/39 | 2,190,000 | 2,102,505 |
| 5.054%, due 6/15/40 | 2,580,000 | 2,456,516 |
| 20,957,874 | ||
| Massachusetts 6.9% | ||
| Commonwealth of Massachusetts Limited General Obligation | ||
| Series C | ||
| 1.929%, due 7/1/34 | 1,700,000 | 1,373,207 |
| Series C | ||
| 2.029%, due 7/1/35 | 2,000,000 | 1,580,911 |
| Series C | ||
| 2.514%, due 7/1/41 | 14,000,000 | 10,388,189 |
| Series D | ||
| 2.663%, due 9/1/39 | 20,029,733 | 16,482,327 |
| Series D | ||
| 2.813%, due 9/1/43 | 4,650,000 | 3,309,007 |
| Series D | ||
| 4.50%, due 8/1/31 | 3,395,000 | 3,332,425 |
| Series E | ||
| 5.50%, due 10/1/29 | 9,000,000 | 9,267,126 |
| Series E | ||
| 5.50%, due 10/1/31 | 5,050,000 | 5,245,152 |
| Commonwealth of Massachusetts Unlimited General Obligation | ||
| Series D | ||
| 5.00%, due 6/1/37 | 1,500,000 | 1,484,410 |
| Commonwealth of Massachusetts, COVID-19 Recovery Assessment Revenue Bonds | ||
| Series A | ||
| 3.769%, due 7/15/29 | 11,225,000 | 11,041,261 |
| Commonwealth of Massachusetts, Unemployment Insurance Trust Fund Revenue Bonds | ||
| Series A | ||
| 3.881%, due 1/15/31 | 5,000,000 | 4,866,406 |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds | ||
| Series B | ||
| 2.235%, due 7/1/31 | 7,795,000 | 6,972,900 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Massachusetts | ||
| Massachusetts Development Finance Agency, Northeastern University Revenue Bonds | ||
| Series B | ||
| 4.53%, due 10/1/29 | $ 1,000,000 | $ 998,702 |
| Series B | ||
| 4.596%, due 10/1/30 | 1,250,000 | 1,247,260 |
| Series B | ||
| 4.696%, due 10/1/31 | 2,250,000 | 2,244,352 |
| Series B | ||
| 4.817%, due 10/1/32 | 2,000,000 | 1,996,592 |
| Series B | ||
| 5.049%, due 10/1/34 | 1,000,000 | 1,003,973 |
| Series B | ||
| 5.129%, due 10/1/35 | 1,250,000 | 1,258,228 |
| Series B | ||
| 5.199%, due 10/1/36 | 1,000,000 | 1,004,070 |
| Massachusetts Development Finance Agency, Tufts Medicine, Inc. Revenue Bonds | ||
| Series G, Insured: AG-CR | ||
| 6.625%, due 10/1/30 | 8,650,000 | 9,144,169 |
| Massachusetts Educational Financing Authority Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.517%, due 7/1/36 | 10,000,000 | 10,008,024 |
| Series A | ||
| 5.95%, due 7/1/44 | 10,910,000 | 10,960,802 |
| Series A | ||
| 6.166%, due 7/1/50 | 31,500,000 | 31,730,870 |
| Massachusetts Housing Finance Agency Revenue Bonds | ||
| Series 240 | ||
| 6.25%, due 12/1/54 | 4,760,000 | 4,926,329 |
| Massachusetts Port Authority Revenue Bonds | ||
| Series C | ||
| 1.679%, due 7/1/31 | 1,625,000 | 1,414,214 |
| Massachusetts Water Resources Authority Revenue Bonds | ||
| Series E | ||
| 2.323%, due 8/1/29 | 1,515,000 | 1,424,816 |
| Series C | ||
| 2.39%, due 8/1/33 | 6,275,000 | 5,382,098 |
| University of Massachusetts, Building Authority Revenue Bonds, Senior Lien | ||
| Series 4 | ||
| 2.008%, due 11/1/31 | 2,330,000 | 2,046,810 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Massachusetts | ||
| University of Massachusetts, Building Authority Revenue Bonds, Senior Lien | ||
| Series 2 | ||
| 3.646%, due 11/1/34 | $ 2,495,000 | $ 2,283,985 |
| 164,418,615 | ||
| Michigan 0.0% ‡ | ||
| Michigan State Building Authority Revenue Bonds | ||
| Series II | ||
| 2.032%, due 10/15/33 | 1,000,000 | 835,503 |
| Minnesota 0.6% | ||
| Minnesota Housing Finance Agency Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 1.58%, due 2/1/51 | 4,593,881 | 3,448,109 |
| Series V, Insured: GNMA / FNMA / FHLMC | ||
| 5.626%, due 7/1/39 | 1,970,000 | 1,963,755 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.125%, due 7/1/55 | 5,295,000 | 5,506,579 |
| Series J, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/54 | 2,770,000 | 2,879,061 |
| 13,797,504 | ||
| Mississippi 0.9% | ||
| State of Mississippi Unlimited General Obligation | ||
| Series A | ||
| 1.632%, due 11/1/31 | 9,000,000 | 7,754,077 |
| Series B | ||
| 1.699%, due 6/1/29 | 2,935,000 | 2,723,680 |
| Series B | ||
| 1.849%, due 6/1/30 | 2,135,000 | 1,937,568 |
| Series E | ||
| 2.387%, due 10/1/34 | 5,000,000 | 4,166,499 |
| Series F | ||
| 5.245%, due 11/1/34 | 4,075,000 | 4,110,478 |
| 20,692,302 | ||
| Missouri 0.2% | ||
| Missouri Housing Development Commission, First Place Homeownership Loan Program Revenue Bonds | ||
| Series G, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/56 | 3,910,000 | 4,030,734 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Nevada 0.5% | ||
| County of Clark Limited General Obligation | ||
| Series A | ||
| 2.75%, due 11/1/38 | $ 10,000,000 | $ 7,786,534 |
| Nevada Housing Division Revenue Bonds, Senior Lien | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/54 | 3,920,000 | 4,042,885 |
| 11,829,419 | ||
| New Hampshire 1.4% | ||
| City of Nashua, Pennichuck Corp. Unlimited General Obligation | ||
| 4.376%, due 1/15/42 | 1,450,000 | 1,316,116 |
| New Hampshire Business Finance Authority, Wheeling Power Co. Revenue Bonds | ||
| Series A | ||
| 6.89%, due 4/1/34 (a) | 21,400,000 | 22,325,323 |
| New Hampshire Health and Education Facilities Authority Act, Granite Edvance Corp. Revenue Bonds | ||
| Series A | ||
| 5.04%, due 11/1/34 | 3,925,000 | 3,897,707 |
| Series A | ||
| 5.34%, due 11/1/44 | 3,025,000 | 2,744,700 |
| New Hampshire Housing Finance Authority Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/57 | 2,800,000 | 2,923,847 |
| 33,207,693 | ||
| New Jersey 1.2% | ||
| New Jersey Economic Development Authority Revenue Bonds | ||
| Series NNN | ||
| 3.77%, due 6/15/31 | 1,500,000 | 1,430,997 |
| New Jersey Transportation Trust Fund Authority Revenue Bonds | ||
| Series B | ||
| 6.561%, due 12/15/40 | 13,330,000 | 14,293,054 |
| New Jersey Turnpike Authority Revenue Bonds | ||
| Series B | ||
| 1.713%, due 1/1/29 | 3,485,000 | 3,264,468 |
| North Hudson Sewerage Authority Revenue Bonds, Senior Lien | ||
| Insured: AG | ||
| 3.258%, due 6/1/32 | 745,000 | 684,415 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| New Jersey | ||
| State of New Jersey Unlimited General Obligation | ||
| Series A | ||
| 2.75%, due 6/1/31 | $ 3,900,000 | $ 3,564,125 |
| Series A, Insured: BAM | ||
| 2.90%, due 6/1/33 | 5,180,000 | 4,597,070 |
| 27,834,129 | ||
| New Mexico 0.2% | ||
| New Mexico Mortgage Finance Authority, Single Family Mortgage Program Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 3/1/57 | 3,410,000 | 3,456,319 |
| Series B, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/56 | 970,000 | 1,010,007 |
| 4,466,326 | ||
| New York 14.3% | ||
| Brookhaven Local Development Corp., Long Island Community Hospital Project Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 6.00%, due 10/1/30 | 1,855,000 | 1,896,986 |
| City of New York Unlimited General Obligation | ||
| Series D | ||
| 1.623%, due 8/1/28 | 1,210,000 | 1,145,311 |
| Series D | ||
| 1.723%, due 8/1/29 | 230,000 | 212,273 |
| Series D | ||
| 1.723%, due 8/1/29 | 1,070,000 | 983,699 |
| Series D-2 | ||
| 1.75%, due 3/1/30 | 2,450,000 | 2,225,727 |
| Series D-3 | ||
| 1.97%, due 3/1/31 | 1,000,000 | 882,915 |
| Series D-3 | ||
| 2.22%, due 3/1/35 | 6,000,000 | 4,771,133 |
| Series E-1 | ||
| 4.39%, due 10/1/32 | 3,000,000 | 2,904,096 |
| Series E-1 | ||
| 4.636%, due 10/1/34 | 5,000,000 | 4,824,333 |
| Series D-2 | ||
| 4.839%, due 10/1/35 | 2,000,000 | 1,939,612 |
| Series H-1 | ||
| 5.051%, due 2/1/36 | 1,000,000 | 981,290 |
| Series E-1 | ||
| 5.106%, due 10/1/39 | 3,775,000 | 3,584,505 |
| Series H-1 | ||
| 5.281%, due 2/1/38 | 17,225,000 | 16,886,770 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| New York | ||
| City of New York Unlimited General Obligation | ||
| Series H-1 | ||
| 5.481%, due 2/1/40 | $ 13,000,000 | $ 12,672,864 |
| Series C-1 | ||
| 5.517%, due 10/1/37 | 4,220,000 | 4,161,675 |
| Series H-1 | ||
| 5.651%, due 2/1/42 | 5,000,000 | 4,867,078 |
| Series H | ||
| 5.75%, due 2/1/38 | 4,500,000 | 4,571,284 |
| City of New York, Fiscal of 2021 Unlimited General Obligation | ||
| Series D | ||
| 1.923%, due 8/1/31 | 2,045,000 | 1,778,780 |
| Dutchess County Local Development Corp., Bard College Revenue Bonds | ||
| Series B | ||
| 5.918%, due 7/1/39 | 15,825,000 | 15,514,583 |
| Empire State Development Corp. Revenue Bonds | ||
| Series B | ||
| 3.90%, due 3/15/33 | 8,000,000 | 7,646,876 |
| Series E-1 | ||
| 5.77%, due 3/15/39 | 2,560,000 | 2,580,943 |
| Metropolitan Transportation Authority Revenue Bonds | ||
| Series A | ||
| 6.668%, due 11/15/39 | 9,740,000 | 10,275,981 |
| Series E | ||
| 6.814%, due 11/15/40 | 5,885,000 | 6,318,216 |
| Series C | ||
| 7.336%, due 11/15/39 | 6,105,000 | 6,895,364 |
| New York City Housing Development Corp., 8 Spruce Street Revenue Bonds | ||
| Class A | ||
| 5.458%, due 12/15/31 | 28,585,000 | 28,683,358 |
| Class B | ||
| 6.033%, due 12/15/31 | 8,500,000 | 8,579,584 |
| Class B | ||
| 6.033%, due 12/15/31 | 4,400,000 | 4,441,196 |
| New York City Industrial Development Agency, Yankee Stadium Project Revenue Bonds | ||
| Series B, Insured: AG | ||
| 2.681%, due 3/1/33 | 1,715,000 | 1,481,747 |
| New York City Transitional Finance Authority Revenue Bonds | ||
| Series E-3 | ||
| 1.97%, due 2/1/33 | 6,320,000 | 5,304,662 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| New York | ||
| New York City Transitional Finance Authority Revenue Bonds | ||
| Series D-3 | ||
| 2.40%, due 11/1/32 | $ 7,500,000 | $ 6,510,573 |
| Series B-3 | ||
| 3.00%, due 11/1/33 | 9,180,000 | 8,110,571 |
| Series C-3 | ||
| 3.35%, due 11/1/30 | 4,000,000 | 3,783,748 |
| Series C-5 | ||
| 3.90%, due 5/1/31 | 3,385,000 | 3,257,096 |
| Series B-3 | ||
| 3.95%, due 8/1/32 | 5,000,000 | 4,764,872 |
| Series F-3 | ||
| 4.00%, due 2/1/32 | 2,155,000 | 2,068,756 |
| Series F-2 | ||
| 4.67%, due 2/1/33 | 4,000,000 | 3,952,217 |
| Series G-2 | ||
| 4.91%, due 5/1/32 | 5,000,000 | 5,014,276 |
| Series G-3 | ||
| 5.01%, due 5/1/34 | 2,500,000 | 2,502,404 |
| Series G-3 | ||
| 5.06%, due 5/1/35 | 2,330,000 | 2,327,472 |
| Series D-3 | ||
| 5.65%, due 11/1/35 | 6,000,000 | 6,169,451 |
| New York Energy Finance Development Corp. Revenue Bonds | ||
| 5.00%, due 7/1/56 (b) | 4,110,000 | 4,181,770 |
| New York Power Authority Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.749%, due 11/15/33 | 8,280,000 | 8,638,421 |
| New York State Dormitory Authority, University Facilities Revenue Bonds | ||
| Series B | ||
| 2.746%, due 7/1/30 | 6,430,000 | 5,983,264 |
| New York State Dormitory Authority, Roswell Park Cancer Institute Corp. Obligated Group Revenue Bonds | ||
| Series B, Insured: AG | ||
| 4.84%, due 7/1/32 | 10,000,000 | 9,860,564 |
| New York State Dormitory Authority, New York University Revenue Bonds | ||
| Series B | ||
| 5.228%, due 7/1/35 | 23,100,000 | 23,279,559 |
| New York State Dormitory Authority, State Personal Income Tax Revenue Bonds | ||
| Series H | ||
| 5.289%, due 3/15/33 | 5,571,047 | 5,570,231 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| New York | ||
| New York State Energy Research & Development Authority Revenue Bonds | ||
| Series A | ||
| 5.997%, due 4/1/30 | $ 2,500,000 | $ 2,489,573 |
| Series A | ||
| 6.199%, due 4/1/31 | 1,500,000 | 1,502,594 |
| Series A | ||
| 6.249%, due 4/1/32 | 1,000,000 | 1,000,983 |
| Series A | ||
| 6.456%, due 4/1/33 | 865,000 | 872,448 |
| Series A | ||
| 6.506%, due 4/1/34 | 500,000 | 504,360 |
| New York State Energy Research & Development Authority, Revolving Loan Fund Revenue Bonds | ||
| Series A | ||
| 6.004%, due 4/1/33 | 1,000,000 | 984,330 |
| New York State Urban Development Corp., Personal Income Tax Revenue Bonds | ||
| Series D | ||
| 3.32%, due 3/15/29 | 4,990,000 | 4,827,131 |
| New York Transportation Development Corp., Fuller Road Management Corp. - Nanotechnology Facilities Project Revenue Bonds | ||
| 4.248%, due 9/1/35 | 2,600,000 | 2,537,216 |
| Port Authority of New York & New Jersey Revenue Bonds | ||
| Series 235 | ||
| 4.955%, due 8/1/35 | 1,000,000 | 986,508 |
| State of New York Unlimited General Obligation | ||
| Series B | ||
| 2.35%, due 3/15/35 | 1,000,000 | 818,488 |
| Series B | ||
| 2.63%, due 3/15/40 | 9,010,000 | 6,652,497 |
| Series B | ||
| 2.68%, due 3/15/41 | 1,300,000 | 940,905 |
| Series B | ||
| 2.90%, due 2/15/33 | 9,615,000 | 8,605,373 |
| Series B | ||
| 2.95%, due 2/15/34 | 6,750,000 | 5,938,364 |
| State of New York Mortgage Agency, Homeowner Mortgage Revenue Bonds | ||
| Series 268, Insured: SONYMA | ||
| 6.25%, due 10/1/55 | 5,890,000 | 6,100,433 |
| Syracuse Regional Airport Authority Revenue Bonds | ||
| Insured: AG | ||
| 4.698%, due 7/1/32 | 1,100,000 | 1,089,478 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| New York | ||
| Syracuse Regional Airport Authority Revenue Bonds | ||
| Insured: AG | ||
| 4.893%, due 7/1/34 | $ 1,000,000 | $ 989,317 |
| Insured: AG | ||
| 5.343%, due 7/1/39 | 1,600,000 | 1,582,260 |
| Insured: AG | ||
| 5.443%, due 7/1/41 | 1,000,000 | 980,400 |
| Triborough Bridge & Tunnel Authority Revenue Bonds | ||
| Series B | ||
| 5.50%, due 11/15/39 | 6,465,000 | 6,394,777 |
| United Nations Development Corp. Revenue Bonds | ||
| Series A | ||
| 5.661%, due 8/1/36 | 1,000,000 | 1,028,840 |
| Series A | ||
| 5.761%, due 8/1/37 | 1,065,000 | 1,096,722 |
| Series A | ||
| 5.861%, due 8/1/38 | 2,215,000 | 2,282,518 |
| Series A | ||
| 5.931%, due 8/1/39 | 2,600,000 | 2,676,796 |
| United Nations Development Corp., City of New York Revenue Bonds | ||
| Series A | ||
| 6.011%, due 8/1/40 | 3,850,000 | 3,962,483 |
| 341,832,880 | ||
| North Carolina 0.6% | ||
| City of Charlotte Certificate of Participation | ||
| 5.124%, due 6/1/36 | 2,845,000 | 2,861,439 |
| 5.224%, due 6/1/37 | 3,125,000 | 3,146,426 |
| University of North Carolina at Chapel Hill Revenue Bonds | ||
| Series C | ||
| 3.327%, due 12/1/36 | 9,250,000 | 8,352,900 |
| 14,360,765 | ||
| North Dakota 0.1% | ||
| North Dakota Housing Finance Agency, Housing Finance and Home Mortgage Program Revenue Bonds | ||
| Series B | ||
| 6.25%, due 7/1/54 | 2,155,000 | 2,225,367 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Ohio 3.8% | ||
| Akron-Summit County Public Library Unlimited General Obligation | ||
| Series B | ||
| 4.44%, due 12/1/31 | $ 1,000,000 | $ 985,364 |
| Series B | ||
| 4.566%, due 12/1/32 | 1,370,000 | 1,349,482 |
| Series B | ||
| 4.666%, due 12/1/33 | 1,150,000 | 1,131,566 |
| Series B | ||
| 4.716%, due 12/1/34 | 1,150,000 | 1,127,030 |
| Series B | ||
| 4.916%, due 12/1/36 | 1,300,000 | 1,273,450 |
| Series B | ||
| 5.006%, due 12/1/37 | 2,000,000 | 1,957,059 |
| Series B | ||
| 5.126%, due 12/1/39 | 1,000,000 | 971,558 |
| Series B | ||
| 5.226%, due 12/1/40 | 2,000,000 | 1,943,957 |
| Series B | ||
| 5.326%, due 12/1/41 | 2,000,000 | 1,945,542 |
| Series B | ||
| 5.38%, due 12/1/42 | 2,200,000 | 2,132,307 |
| Series B | ||
| 5.53%, due 12/1/45 | 2,000,000 | 1,922,265 |
| American Municipal Power, Inc., Combined Hydroelectric Revenue Bonds | ||
| Series B | ||
| 6.424%, due 2/15/32 | 4,455,000 | 4,633,985 |
| Series B | ||
| 6.449%, due 2/15/44 | 12,950,000 | 13,277,298 |
| Series A | ||
| 7.734%, due 2/15/33 | 6,620,000 | 7,513,227 |
| City of Columbus Limited General Obligation | ||
| Series D | ||
| 4.022%, due 4/1/35 | 1,135,000 | 1,067,755 |
| Columbus Metropolitan Housing Authority, Riverside Sunshine Phase II LLC Revenue Bonds | ||
| 5.375%, due 9/1/28 | 3,750,000 | 3,761,141 |
| Columbus Regional Airport Authority, Customer Facility Charge Revenue Bonds | ||
| 3.889%, due 12/15/33 | 1,500,000 | 1,389,388 |
| County of Hamilton, The Christ Hospital Revenue Bonds | ||
| Insured: AG | ||
| 3.374%, due 6/1/34 | 3,020,000 | 2,723,990 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Ohio | ||
| Franklin County Convention Facilities Authority Revenue Bonds | ||
| Series B | ||
| 2.022%, due 12/1/30 | $ 4,795,000 | $ 4,273,134 |
| JobsOhio Beverage System Revenue Bonds, Senior Lien | ||
| Series A | ||
| 2.833%, due 1/1/38 | 35,000 | 28,598 |
| JobsOhio Beverage System Revenue Bonds | ||
| Series B | ||
| 4.532%, due 1/1/35 | 11,035,000 | 10,814,058 |
| Ohio Higher Educational Facility Commission, Ashtabula County Medical Center Obligated Group Revenue Bonds | ||
| 5.25%, due 1/1/42 | 2,000,000 | 2,045,405 |
| Ohio Housing Finance Agency Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/57 | 1,000,000 | 1,044,055 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 3/1/56 | 6,650,000 | 7,035,250 |
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 3/1/56 | 3,000,000 | 3,182,264 |
| Ohio Turnpike & Infrastructure Commission Revenue Bonds, Senior Lien | ||
| Series A | ||
| 2.801%, due 2/15/36 | 1,500,000 | 1,243,397 |
| Toledo Hospital (The) | ||
| Insured: AG | ||
| 5.75%, due 11/15/38 | 10,735,000 | 10,559,088 |
| 91,331,613 | ||
| Oklahoma 0.0% ‡ | ||
| Oklahoma Municipal Power Authority, Power Supply System Revenue Bonds | ||
| Series B, Insured: AG | ||
| 2.251%, due 1/1/32 | 1,300,000 | 1,133,199 |
| Oregon 3.3% | ||
| Oregon State Lottery Revenue Bonds | ||
| Series B | ||
| 3.821%, due 4/1/31 | 3,000,000 | 2,894,189 |
| Series B, Insured: Moral Obligation | ||
| 4.421%, due 4/1/32 | 4,275,000 | 4,202,876 |
| Series B, Insured: Moral Obligation | ||
| 4.84%, due 4/1/36 | 2,500,000 | 2,451,160 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Oregon | ||
| Oregon State Lottery Revenue Bonds | ||
| Series B | ||
| 4.851%, due 4/1/33 | $ 1,500,000 | $ 1,499,889 |
| Series B | ||
| 5.031%, due 4/1/35 | 500,000 | 500,426 |
| Series B | ||
| 5.181%, due 4/1/36 | 3,195,000 | 3,213,219 |
| Series B | ||
| 5.281%, due 4/1/37 | 5,105,000 | 5,139,811 |
| Series B | ||
| 5.381%, due 4/1/38 | 2,600,000 | 2,619,912 |
| Port of Morrow, Bonneville Cooperation Project No. 4 Revenue Bonds | ||
| Series 1 | ||
| 2.987%, due 9/1/36 | 6,001,000 | 5,065,109 |
| Port of Morrow, Bonneville Power Administration Revenue Bonds | ||
| 4.819%, due 9/1/30 | 4,000,000 | 4,040,251 |
| State of Oregon, Article XI-Q State Project Unlimited General Obligation | ||
| Series C | ||
| 1.975%, due 5/1/31 | 1,000,000 | 889,973 |
| State of Oregon, Higher Education Unlimited General Obligation | ||
| Series G | ||
| 2.50%, due 8/1/37 | 1,500,000 | 1,163,050 |
| Series G | ||
| 2.60%, due 8/1/39 | 4,080,000 | 3,057,953 |
| State of Oregon Unlimited General Obligation | ||
| Series B | ||
| 4.775%, due 5/1/36 | 5,325,000 | 5,215,236 |
| Series B | ||
| 4.855%, due 5/1/37 | 8,330,000 | 8,143,075 |
| Series B | ||
| 4.955%, due 5/1/38 | 3,000,000 | 2,931,641 |
| Series C | ||
| 5.382%, due 8/1/39 | 6,795,000 | 6,720,400 |
| State of Oregon, Article XI-Q State Projects Unlimited General Obligation | ||
| Series B | ||
| 5.124%, due 5/1/34 | 2,330,000 | 2,370,082 |
| Series B | ||
| 5.174%, due 5/1/35 | 2,000,000 | 2,033,548 |
| Series B | ||
| 5.304%, due 5/1/36 | 3,465,000 | 3,535,056 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Oregon | ||
| State of Oregon, Article XI-Q State Projects Unlimited General Obligation | ||
| Series B | ||
| 5.424%, due 5/1/37 | $ 3,190,000 | $ 3,266,820 |
| State of Oregon, Housing & Community Services Department Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/56 | 7,250,000 | 7,510,460 |
| 78,464,136 | ||
| Pennsylvania 1.9% | ||
| City of Philadelphia, Water & Wastewater Revenue Bonds | ||
| Series B | ||
| 2.034%, due 11/1/31 | 1,000,000 | 901,786 |
| City of Philadelphia Unlimited General Obligation | ||
| Series B | ||
| 4.846%, due 8/1/31 | 2,500,000 | 2,509,082 |
| City of Pittsburgh Unlimited General Obligation | ||
| Series B | ||
| 1.619%, due 9/1/29 | 1,570,000 | 1,442,402 |
| Commonwealth Financing Authority, Commonwealth of Pennsylvania Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.657%, due 6/1/38 | 2,340,000 | 2,063,114 |
| Commonwealth of Pennsylvania Unlimited General Obligation | ||
| Series 1 | ||
| 2.05%, due 8/1/31 | 9,520,000 | 8,454,540 |
| Erie City Water Authority Revenue Bonds | ||
| Series D, Insured: AG | ||
| 1.961%, due 12/1/30 | 2,945,000 | 2,633,514 |
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University Revenue Bonds | ||
| Series C, Insured: AG | ||
| 5.362%, due 11/1/37 | 2,150,000 | 2,136,052 |
| Pennsylvania Housing Finance Agency Revenue Bonds | ||
| Series 149-B | ||
| 6.50%, due 10/1/55 | 1,955,000 | 2,067,242 |
| Series 150-B | ||
| 6.50%, due 10/1/55 | 2,950,000 | 3,122,575 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Pennsylvania | ||
| Pennsylvania State University (The) Revenue Bonds | ||
| Series B | ||
| 4.385%, due 9/1/30 | $ 1,280,000 | $ 1,271,948 |
| Series B | ||
| 4.675%, due 9/1/32 | 1,000,000 | 996,516 |
| Series B | ||
| 4.958%, due 9/1/34 | 1,500,000 | 1,504,544 |
| Series B | ||
| 5.008%, due 9/1/35 | 1,000,000 | 1,001,195 |
| Series B | ||
| 5.088%, due 9/1/36 | 1,725,000 | 1,727,143 |
| Series B | ||
| 5.308%, due 9/1/39 | 1,885,000 | 1,881,572 |
| Reading Area Water Authority Revenue Bonds | ||
| Insured: BAM | ||
| 2.952%, due 12/1/36 | 3,025,000 | 2,501,709 |
| Redevelopment Authority of the City of Philadelphia, HOME Plan Revenue Bonds | ||
| Series A | ||
| 4.652%, due 11/1/34 | 7,390,000 | 7,190,816 |
| University of Pittsburgh-of the Commonwealth System of Higher Education Revenue Bonds | ||
| Series C | ||
| 2.629%, due 9/15/33 | 2,000,000 | 1,729,745 |
| 45,135,495 | ||
| Rhode Island 1.1% | ||
| Rhode Island Housing & Mortgage Finance Corp., Homeownership Opportunity Revenue Bonds | ||
| Series 85-T, Insured: GNMA | ||
| 6.25%, due 10/1/53 | 970,000 | 1,005,699 |
| Rhode Island Housing & Mortgage Finance Corp. Revenue Bonds | ||
| Series 89-T, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/56 | 2,500,000 | 2,602,310 |
| Rhode Island Student Loan Authority Revenue Bonds, Senior Lien | ||
| Series 1 | ||
| 5.146%, due 12/1/30 | 1,305,000 | 1,295,292 |
| Series 1 | ||
| 5.246%, due 12/1/31 | 1,000,000 | 991,828 |
| Series 1 | ||
| 5.365%, due 12/1/32 | 2,500,000 | 2,477,694 |
| Series 1 | ||
| 5.465%, due 12/1/33 | 2,250,000 | 2,229,331 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Rhode Island | ||
| Rhode Island Student Loan Authority Revenue Bonds, Senior Lien | ||
| Series 1 | ||
| 5.539%, due 12/1/34 | $ 2,600,000 | $ 2,575,486 |
| Series 1 | ||
| 5.629%, due 12/1/35 | 1,900,000 | 1,883,279 |
| Series 1 | ||
| 5.714%, due 12/1/44 | 5,235,000 | 5,056,512 |
| Series 1 | ||
| 5.797%, due 12/1/33 | 1,400,000 | 1,415,976 |
| State of Rhode Island Unlimited General Obligation | ||
| Series B | ||
| 4.51%, due 5/1/30 | 1,150,000 | 1,150,325 |
| Series B | ||
| 4.561%, due 5/1/34 | 2,180,000 | 2,140,451 |
| Series B | ||
| 4.631%, due 5/1/35 | 500,000 | 489,643 |
| 25,313,826 | ||
| South Carolina 0.7% | ||
| Patriots Energy Group Financing Agency, Gas Supply Revenue Bonds | ||
| Series B-3 | ||
| 6.62%, due 2/1/54 (b) | 2,000,000 | 2,116,985 |
| South Carolina Public Service Authority Revenue Bonds | ||
| Series B, Insured: AG | ||
| 4.636%, due 12/1/36 | 1,000,000 | 967,039 |
| Series D, Insured: AG-CR | ||
| 4.77%, due 12/1/45 | 1,750,000 | 1,546,146 |
| Series C | ||
| 5.01%, due 12/1/32 | 1,645,000 | 1,652,634 |
| Series C | ||
| 5.03%, due 12/1/33 | 1,500,000 | 1,501,878 |
| South Carolina Public Service Authority, Santee Cooper Project Revenue Bonds | ||
| Series F, Insured: AG-CR | ||
| 5.74%, due 1/1/30 | 3,032,000 | 3,096,668 |
| South Carolina Student Loan Corp. Revenue Bonds | ||
| Series A | ||
| 5.129%, due 12/1/36 | 5,150,000 | 5,009,752 |
| Series A | ||
| 5.567%, due 12/1/46 | 763,699 | 717,657 |
| 16,608,759 | ||
| Principal Amount | Value | |
| Municipal Bonds | ||
| Tennessee 0.4% | ||
| Metropolitan Government Nashville & Davidson County Sports Authority, Stadium Project Revenue Bonds | ||
| Series D | ||
| 5.03%, due 7/1/30 | $ 1,000,000 | $ 1,018,371 |
| Series D | ||
| 5.068%, due 7/1/31 | 1,600,000 | 1,632,196 |
| Series D | ||
| 5.168%, due 7/1/33 | 1,550,000 | 1,584,727 |
| Metropolitan Government of Nashville & Davidson County, Water & Sewer Revenue Bonds | ||
| Series B | ||
| 6.568%, due 7/1/37 | 3,080,000 | 3,264,822 |
| State of Tennessee Unlimited General Obligation | ||
| Series B | ||
| 1.925%, due 11/1/34 | 1,500,000 | 1,208,746 |
| Series B | ||
| 1.975%, due 11/1/35 | 2,000,000 | 1,571,223 |
| 10,280,085 | ||
| Texas 5.5% | ||
| Cities of Dallas & Fort Worth, Dallas Fort Worth International Airport Revenue Bonds | ||
| Series C | ||
| 2.441%, due 11/1/32 | 2,000,000 | 1,741,505 |
| Series C | ||
| 2.741%, due 11/1/35 | 3,000,000 | 2,480,610 |
| City of Austin, Rental Car Special Facility Revenue Bonds | ||
| Insured: AG | ||
| 2.11%, due 11/15/32 | 3,500,000 | 2,974,005 |
| City of Corpus Christi, Utility System Revenue Bonds, Junior Lien | ||
| Series B | ||
| 2.166%, due 7/15/32 | 2,500,000 | 2,166,640 |
| City of Dallas, Waterworks & Sewer System Revenue Bonds | ||
| Series B | ||
| 3.648%, due 10/1/30 | 2,000,000 | 1,934,391 |
| City of Houston, Airport System Revenue Bonds, Sub. Lien | ||
| Series C | ||
| 2.485%, due 7/1/32 | 1,470,000 | 1,296,243 |
| City of Midland Limited General Obligation | ||
| Series A | ||
| 3.601%, due 3/1/31 | 1,420,000 | 1,369,586 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Texas | ||
| City of San Antonio, Electric & Gas Systems Revenue Bonds | ||
| Series A | ||
| 5.469%, due 2/1/45 | $ 4,000,000 | $ 3,873,007 |
| Colony Community Development Corp., Nebraska Furniture Mart Texas Project Revenue Bonds | ||
| 7.25%, due 10/1/42 | 8,785,000 | 8,381,245 |
| Colony Economic Development Corp., Nebraska Furniture Mart Texas Project Revenue Bonds | ||
| 7.25%, due 10/1/42 | 3,500,000 | 3,339,141 |
| Colony Local Development Corp., Nebraska Furniture Mart Texas Project Revenue Bonds | ||
| 7.50%, due 10/1/38 | 3,300,000 | 3,209,835 |
| County of Bexar, Combined Venue Tax Revenue Bonds | ||
| Insured: AG | ||
| 2.434%, due 8/15/33 | 1,000,000 | 856,202 |
| Insured: AG | ||
| 2.534%, due 8/15/34 | 2,805,000 | 2,358,892 |
| Dallas Area Rapid Transit Revenue Bonds | ||
| Series C | ||
| 1.846%, due 12/1/30 | 3,825,000 | 3,408,982 |
| Series C | ||
| 1.946%, due 12/1/31 | 4,230,000 | 3,678,620 |
| Series C | ||
| 2.046%, due 12/1/32 | 2,035,000 | 1,728,948 |
| Series C | ||
| 2.096%, due 12/1/33 | 1,000,000 | 828,079 |
| Series B | ||
| 5.999%, due 12/1/44 | 1,000,000 | 996,568 |
| Dallas Fort Worth International Airport Revenue Bonds | ||
| Series C | ||
| 2.246%, due 11/1/31 | 2,585,000 | 2,282,168 |
| Series A | ||
| 2.454%, due 11/1/29 | 1,000,000 | 935,419 |
| Series C | ||
| 2.591%, due 11/1/33 | 4,300,000 | 3,688,295 |
| Dallas Independent School District Unlimited General Obligation | ||
| Series B, Insured: PSF-GTD | ||
| 1.935%, due 8/15/30 | 4,875,000 | 4,425,215 |
| Frisco Community Development Corp., Sales Tax Revenue Bonds | ||
| 4.98%, due 2/15/36 | 2,935,000 | 2,904,731 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Texas | ||
| Hidalgo County Regional Mobility Authority Revenue Bonds, Senior Lien | ||
| Series B, Insured: AG | ||
| 2.082%, due 12/1/32 | $ 2,400,000 | $ 2,027,242 |
| Las Varas Public Facility Corp., Central at Commerce Revenue Bonds | ||
| Series B | ||
| 4.35%, due 2/1/29 | 4,500,000 | 4,462,998 |
| Mansfield Independent School District Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.175%, due 2/15/36 | 2,000,000 | 1,585,157 |
| State of Texas, Public Finance Authority Unlimited General Obligation | ||
| Series B | ||
| 1.844%, due 10/1/30 | 4,000,000 | 3,606,416 |
| 2.526%, due 10/1/31 | 7,500,000 | 6,809,149 |
| 2.746%, due 10/1/33 | 1,000,000 | 880,404 |
| 4.68%, due 10/1/32 | 7,470,000 | 7,485,214 |
| 4.90%, due 10/1/35 | 5,100,000 | 5,109,566 |
| State of Texas Unlimited General Obligation | ||
| Series B | ||
| 2.624%, due 10/1/38 | 3,000,000 | 2,327,265 |
| Series A | ||
| 4.631%, due 4/1/33 | 1,855,000 | 1,814,484 |
| 4.857%, due 10/1/35 | 1,400,000 | 1,405,475 |
| 4.957%, due 10/1/36 | 3,250,000 | 3,271,113 |
| 5.157%, due 10/1/38 | 3,250,000 | 3,274,061 |
| Series A | ||
| 5.517%, due 4/1/39 | 4,686,546 | 4,664,248 |
| State of Texas, State Water Plan Unlimited General Obligation | ||
| Series F | ||
| 4.509%, due 8/1/35 | 2,275,000 | 2,231,289 |
| Series F | ||
| 4.609%, due 8/1/36 | 2,000,000 | 1,961,481 |
| Series F | ||
| 4.709%, due 8/1/37 | 4,735,000 | 4,643,205 |
| Series F | ||
| 4.809%, due 8/1/38 | 2,000,000 | 1,960,729 |
| Tarrant County Cultural Education Facilities Finance Corp., Hendrick Medical Center Obligated Group Revenue Bonds | ||
| Insured: AG | ||
| 2.901%, due 9/1/35 | 1,325,000 | 1,106,685 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Texas | ||
| Texas Department of Housing & Community Affairs Revenue Bonds | ||
| Series D, Insured: GNMA | ||
| 6.25%, due 9/1/53 | $ 2,125,000 | $ 2,191,285 |
| Texas Natural Gas Securitization Finance Corp. Revenue Bonds | ||
| Series A-2 | ||
| 5.169%, due 4/1/41 | 3,880,000 | 3,856,129 |
| Texas State Affordable Housing Corp., Single-Family Mortgage Revenue Bonds | ||
| Series B, Insured: GNMA | ||
| 6.00%, due 9/1/54 | 2,595,000 | 2,673,431 |
| Texas Transportation Commission, Mobility Unlimited General Obligation | ||
| 1.833%, due 10/1/33 | 2,500,000 | 2,050,330 |
| 132,255,683 | ||
| U.S. Virgin Islands 0.2% | ||
| Virgin Islands Water & Power Authority, Electric System Revenue Bonds | ||
| Series C, Insured: AG | ||
| 6.85%, due 7/1/35 | 4,000,000 | 4,219,111 |
| Utah 1.6% | ||
| City of Salt Lake City, Sales and Excise Tax Revenue Bonds | ||
| Series B | ||
| 2.879%, due 4/1/32 | 3,365,000 | 3,072,192 |
| County of Salt Lake, Convention Hotel Revenue Bonds | ||
| 5.25%, due 10/1/34 (a) | 3,610,000 | 3,430,717 |
| Intermountain Power Agency Revenue Bonds | ||
| Series B | ||
| 4.978%, due 7/1/31 | 1,030,000 | 1,044,886 |
| Utah Housing Corp. Revenue Bonds | ||
| Series I, Insured: GNMA / FNMA / FHLMC | ||
| 5.358%, due 1/1/37 | 1,180,000 | 1,171,405 |
| Series I, Insured: GNMA / FNMA / FHLMC | ||
| 5.408%, due 7/1/37 | 1,190,000 | 1,181,765 |
| Series J, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/55 | 2,545,000 | 2,613,981 |
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 2,445,000 | 2,539,037 |
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 6,230,000 | 6,519,060 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Utah | ||
| Utah Housing Corp. Revenue Bonds | ||
| Series I, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | $ 8,380,000 | $ 8,849,071 |
| Utah Housing Corp., Single Family Mortgage Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/56 | 4,000,000 | 4,203,953 |
| Utah Transit Authority Revenue Bonds | ||
| 2.289%, due 12/15/32 | 5,360,000 | 4,643,843 |
| 39,269,910 | ||
| Virginia 0.7% | ||
| Farmville Industrial Development Authority, Longwood University Student Housing Project Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/34 | 1,935,000 | 1,751,598 |
| Hampton Roads Sanitation District Revenue Bonds | ||
| Series A | ||
| 2.613%, due 2/1/35 | 2,000,000 | 1,678,487 |
| Loudoun County Economic Development Authority, Public Faiclities Revenue Bonds | ||
| Series B | ||
| 4.59%, due 12/1/31 | 3,190,000 | 3,171,521 |
| Norfolk Airport Authority, Consolidated Rental Car Facility Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.744%, due 7/1/33 | 1,000,000 | 990,172 |
| Series A, Insured: BAM | ||
| 5.067%, due 7/1/36 | 1,000,000 | 993,036 |
| Virginia Housing Development Authority, Rental Housing Revenue Bonds | ||
| Series H | ||
| 2.463%, due 9/1/34 | 2,585,000 | 2,137,471 |
| Virginia Housing Development Authority Revenue Bonds | ||
| Series B | ||
| 2.75%, due 10/25/46 | 6,490,765 | 5,663,249 |
| 16,385,534 | ||
| Washington 1.5% | ||
| County of King, Sewer Revenue Bonds | ||
| Series A | ||
| 2.091%, due 7/1/34 | 1,880,000 | 1,526,456 |
| Principal Amount | Value | |
| Municipal Bonds | ||
| Washington | ||
| County of King Limited General Obligation | ||
| Series C | ||
| 4.932%, due 12/1/31 | $ 1,600,000 | $ 1,626,017 |
| Series C | ||
| 4.982%, due 12/1/32 | 1,650,000 | 1,677,240 |
| Series C | ||
| 5.112%, due 12/1/34 | 1,550,000 | 1,574,560 |
| County of Pierce, Sewer Revenue Bonds | ||
| Series B | ||
| 2.467%, due 8/1/37 | 1,000,000 | 772,631 |
| Energy Northwest, Bonneville Power Administration Revenue Bonds | ||
| Series B | ||
| 2.166%, due 7/1/32 | 2,740,000 | 2,379,247 |
| Spokane Public Facilities District, Sales & Lodging tax Revenue Bonds | ||
| Series B | ||
| 1.996%, due 12/1/30 | 3,050,000 | 2,740,467 |
| Spokane Public Facilities District Revenue Bonds | ||
| Series A | ||
| 2.596%, due 12/1/35 | 2,500,000 | 2,049,476 |
| State of Washington Unlimited General Obligation | ||
| Series T-3 | ||
| 4.35%, due 8/1/32 | 6,000,000 | 5,896,101 |
| Series T-3 | ||
| 4.45%, due 8/1/33 | 5,000,000 | 4,902,897 |
| Series T-3 | ||
| 4.55%, due 8/1/34 | 7,885,000 | 7,722,134 |
| Washington State Housing Finance Commission, Single-Family Program Revenue Bonds | ||
| Series 1-T, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 12/1/53 | 1,590,000 | 1,605,510 |
| Washington State Housing Finance Commission Revenue Bonds | ||
| Series 1-T, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 6/1/54 | 2,005,000 | 2,073,618 |
| 36,546,354 | ||
| Principal Amount | Value | ||
| Municipal Bonds | |||
| Wisconsin 0.1% | |||
| Public Finance Authority, PAFAF/Mid States Leasing LLC Revenue Bonds | |||
| Series B | |||
| 5.678%, due 12/31/35 | $ 3,200,000 | $ 3,196,501 | |
| Total Municipal Bonds (Cost $2,106,612,082) | 2,103,570,176 | ||
| U.S. Government & Federal Agencies 0.0% ‡ | |||
| Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Securities) 0.0% ‡ | |||
| FHLMC Gold Pools, 30 Year | |||
| 4.00%, due 10/1/48 | 90,160 | 83,262 | |
| 6.50%, due 4/1/37 | 14,707 | 15,538 | |
| 98,800 | |||
| Government National Mortgage Association (Mortgage Pass-Through Security) 0.0% ‡ | |||
| GNMA I, 30 Year | |||
| 6.50%, due 4/15/31 | 28,758 | 29,399 | |
| Total U.S. Government & Federal Agencies (Cost $134,355) | 128,199 | ||
| Total Long-Term Bonds (Cost $2,322,201,942) | 2,315,449,769 | ||
| Short-Term Investment 2.1% | |||
| Unaffiliated Investment Company 2.1% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (c) | 50,248,305 | 50,248,305 | |
| Total Short-Term Investment (Cost $50,248,305) | 50,248,305 | ||
| Total Investments (Cost $2,372,450,247) | 99.0% | 2,365,698,074 | |
| Other Assets, Less Liabilities | 1.0 | 24,929,131 | |
| Net Assets | 100.0% | $ 2,390,627,205 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury 10 Year Ultra Bonds | (50) | September 2026 | $ (5,555,334) | $ (5,485,156) | $ 70,178 |
| 1. | As of July 31, 2026, cash in the amount of $127,500 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| AMBAC—Ambac Assurance Corp. |
| BAM—Build America Mutual Assurance Co. |
| BHAC—Berkshire Hathaway Assurance Corp. |
| CR—Custodial Receipts |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| NATL-RE—National Public Finance Guarantee Corp. |
| PSF-GTD—Permanent School Fund Guaranteed |
| SONYMA—State of New York Mortgage Agency |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Corporate Bonds | $ — | $ 211,751,394 | $ — | $ 211,751,394 | |||
| Municipal Bonds | — | 2,103,570,176 | — | 2,103,570,176 | |||
| U.S. Government & Federal Agencies | — | 128,199 | — | 128,199 | |||
| Total Long-Term Bonds | — | 2,315,449,769 | — | 2,315,449,769 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 50,248,305 | — | — | 50,248,305 | |||
| Total Investments in Securities | 50,248,305 | 2,315,449,769 | — | 2,365,698,074 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 70,178 | — | — | 70,178 | |||
| Total Investments in Securities and Other Financial Instruments | $ 50,318,483 | $ 2,315,449,769 | $ — | $ 2,365,768,252 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 98.7% | ||
| Asset-Backed Securities 14.9% | ||
| Automobile Asset-Backed Securities 6.6% | ||
| Ally Bank Auto Credit-Linked Notes (a) | ||
| Series 2025-B, Class F | ||
| 6.942%, due 9/15/33 | $ 878,933 | $ 878,385 |
| Series 2025-B, Class G | ||
| 9.935%, due 9/15/33 | 1,712,161 | 1,723,798 |
| Series 2025-A, Class G | ||
| 10.219%, due 6/15/33 | 1,183,089 | 1,195,120 |
| Series 2024-B, Class G | ||
| 11.395%, due 9/15/32 | 557,803 | 569,146 |
| Series 2024-A, Class G | ||
| 12.748%, due 5/17/32 | 795,508 | 819,534 |
| American Credit Acceptance Receivables Trust | ||
| Series 2026-3, Class D | ||
| 5.49%, due 3/8/33 (a) | 3,750,000 | 3,747,139 |
| Avis Budget Rental Car Funding AESOP LLC (a) | ||
| Series 2023-8A, Class D | ||
| 7.52%, due 2/20/30 | 3,000,000 | 3,034,545 |
| Series 2023-1A, Class D | ||
| 7.59%, due 4/20/29 | 1,740,000 | 1,768,691 |
| Bridgecrest Lending Auto Securitization Trust | ||
| Series 2026-1, Class D | ||
| 4.99%, due 11/17/31 | 2,825,000 | 2,780,815 |
| Series 2025-4, Class D | ||
| 5.41%, due 8/15/31 | 2,000,000 | 1,996,187 |
| Series 2025-3, Class E | ||
| 6.62%, due 5/17/32 (a) | 4,410,000 | 4,354,845 |
| Series 2026-1, Class E | ||
| 6.63%, due 2/15/33 (a) | 3,205,000 | 3,166,352 |
| CarMax Auto Owner Trust | ||
| Series 2024-1, Class D | ||
| 6.00%, due 7/15/30 | 1,325,000 | 1,341,544 |
| CarMax Select Receivables Trust | ||
| Series 2025-B, Class D | ||
| 5.33%, due 7/15/31 | 2,835,000 | 2,816,737 |
| Series 2025-A, Class D | ||
| 5.86%, due 7/15/31 | 1,760,000 | 1,775,343 |
| CPS Auto Receivables Trust | ||
| Series 2024-C, Class E | ||
| 8.04%, due 3/15/32 (a) | 2,360,000 | 2,454,438 |
| Exeter Automobile Receivables Trust | ||
| Series 2025-3A, Class D | ||
| 5.57%, due 10/15/31 | 1,820,000 | 1,834,955 |
| Series 2022-2A, Class E | ||
| 6.34%, due 10/15/29 (a) | 3,225,000 | 3,140,485 |
| Series 2026-1A, Class E | ||
| 6.69%, due 8/15/33 (a) | 2,887,000 | 2,819,803 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Automobile Asset-Backed Securities | ||
| Exeter Automobile Receivables Trust | ||
| Series 2025-4A, Class E | ||
| 6.99%, due 4/15/33 (a) | $ 4,000,000 | $ 3,978,358 |
| Series 2025-5A, Class E | ||
| 7.15%, due 6/15/33 (a) | 3,527,000 | 3,520,034 |
| Series 2026-3A, Class E | ||
| 7.42%, due 7/17/34 (a) | 4,835,000 | 4,816,260 |
| Series 2025-1A, Class E | ||
| 7.48%, due 9/15/32 (a) | 3,500,000 | 3,599,471 |
| Series 2025-3A, Class E | ||
| 7.52%, due 12/15/32 (a) | 2,535,000 | 2,568,955 |
| Flagship Credit Auto Trust (a) | ||
| Series 2021-2, Class D | ||
| 1.59%, due 6/15/27 | 272,976 | 272,059 |
| Series 2021-3, Class D | ||
| 1.65%, due 9/15/27 | 1,220,475 | 1,210,477 |
| Series 2021-4, Class D | ||
| 2.26%, due 12/15/27 | 2,071,932 | 2,043,054 |
| Series 2021-2, Class E | ||
| 3.16%, due 9/15/28 | 1,900,000 | 1,849,963 |
| Series 2021-3, Class E | ||
| 3.32%, due 12/15/28 | 2,110,000 | 1,819,714 |
| Series 2022-1, Class D | ||
| 3.64%, due 3/15/28 | 987,725 | 974,021 |
| Series 2021-4, Class E | ||
| 4.03%, due 3/15/29 | 1,010,000 | 616,945 |
| Series 2020-3, Class E | ||
| 4.98%, due 12/15/27 | 367,172 | 367,251 |
| Series 2022-2, Class D | ||
| 5.80%, due 4/17/28 | 4,430,000 | 3,734,782 |
| Series 2024-3, Class E | ||
| 8.83%, due 1/15/32 | 4,640,000 | 4,240,809 |
| GLS Auto Receivables Issuer Trust (a) | ||
| Series 2026-2A, Class D | ||
| 5.38%, due 1/15/32 | 3,910,000 | 3,888,381 |
| Series 2022-2A, Class E | ||
| 5.50%, due 6/15/29 | 3,740,000 | 3,746,697 |
| Series 2022-3A, Class E | ||
| 8.35%, due 10/15/29 | 670,000 | 688,123 |
| Hertz Vehicle Financing III LLC (a) | ||
| Series 2025-6A, Class A | ||
| 4.89%, due 5/25/32 | 3,000,000 | 2,932,625 |
| Series 2025-6A, Class B | ||
| 5.14%, due 5/25/32 | 3,450,000 | 3,339,274 |
| Series 2026-1A, Class D | ||
| 7.91%, due 11/25/30 | 3,670,000 | 3,647,220 |
| Series 2025-1A, Class D | ||
| 7.98%, due 9/25/29 | 2,000,000 | 2,005,028 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Automobile Asset-Backed Securities | ||
| Hertz Vehicle Financing III LLC (a) | ||
| Series 2025-6A, Class D | ||
| 8.30%, due 5/25/32 | $ 2,200,000 | $ 2,186,318 |
| Series 2025-3A, Class D | ||
| 8.55%, due 12/26/29 | 3,790,000 | 3,834,878 |
| Hertz Vehicle Financing III LP (a) | ||
| Series 2021-2A, Class C | ||
| 2.52%, due 12/27/27 | 1,314,167 | 1,306,140 |
| Series 2021-2A, Class D | ||
| 4.34%, due 12/27/27 | 2,500,000 | 2,480,888 |
| Huntington Bank Auto Credit-Linked Notes (a)(b) | ||
| Series 2025-2, Class E | ||
| 10.221% (SOFR 30A + 6.60%), due 9/20/33 | 1,328,842 | 928,820 |
| Series 2024-2, Class E | ||
| 11.121% (SOFR 30A + 7.50%), due 10/20/32 | 1,853,310 | 1,826,185 |
| Series 2024-1, Class E | ||
| 11.871% (SOFR 30A + 8.25%), due 5/20/32 | 377,189 | 376,222 |
| Series 2026-1, Class E | ||
| 12.271% (SOFR 30A + 8.65%), due 2/20/34 | 2,087,063 | 2,087,010 |
| Santander Bank Auto Credit-Linked Notes | ||
| Series 2023-B, Class F | ||
| 12.24%, due 12/15/33 (a) | 1,074,989 | 1,118,416 |
| Santander Drive Auto Receivables Trust | ||
| Series 2026-1, Class D | ||
| 4.75%, due 4/15/32 | 3,350,000 | 3,278,396 |
| Truist Bank Auto Credit-Linked Notes | ||
| Series 2025-1, Class D | ||
| 9.685%, due 9/26/33 (a) | 1,523,573 | 1,536,221 |
| 119,036,857 | ||
| Home Equity Asset-Backed Securities 0.6% | ||
| J.P. Morgan Mortgage Trust | ||
| Series 2026-ACES1, Class M1 | ||
| 5.609%, due 4/25/66 (a)(c) | 8,830,000 | 8,664,662 |
| RCKT Mortgage Trust | ||
| Series 2024-CES5, Class A1A | ||
| 5.846%, due 8/25/44 (a)(d) | 1,854,246 | 1,857,589 |
| 10,522,251 | ||
| Other Asset-Backed Securities 7.7% | ||
| 720 East CLO IV Ltd. | ||
| Series 2024-1A, Class D1R | ||
| 6.572% (3 Month SOFR + 2.90%), due 7/15/39 (a)(b) | 1,650,000 | 1,645,121 |
| AGL CLO 17 Ltd. | ||
| Series 2022-17A, Class BR | ||
| 5.134% (3 Month SOFR + 1.40%), due 1/21/35 (a)(b) | 2,550,000 | 2,551,895 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| AGL CLO 26 Ltd. | ||
| Series 2023-26A, Class D1R | ||
| 6.634% (3 Month SOFR + 2.90%), due 10/21/38 (a)(b) | $ 1,700,000 | $ 1,688,697 |
| American Airlines Pass-Through Trust | ||
| Series 2019-1, Class B | ||
| 3.85%, due 2/15/28 | 458,884 | 449,653 |
| Series 2021-1, Class B | ||
| 3.95%, due 7/11/30 | 780,800 | 741,812 |
| Series 2016-1, Class A | ||
| 4.10%, due 1/15/28 | 668,566 | 656,086 |
| Antares CLO Ltd. | ||
| Series 2026-1A, Class B | ||
| 5.479% (3 Month SOFR + 1.75%), due 4/20/39 (a)(b) | 2,400,000 | 2,384,666 |
| Apex Credit CLO Ltd. (a)(b) | ||
| Series 2022-1A, Class D1R | ||
| 7.233% (3 Month SOFR + 3.50%), due 10/22/38 | 1,900,000 | 1,881,469 |
| Series 2022-1A, Class ER | ||
| 11.553% (3 Month SOFR + 7.82%), due 10/22/38 | 500,000 | 425,866 |
| Aquarian CLO 1 Ltd. | ||
| Series 1A, Class D1 | ||
| 6.999% (3 Month SOFR + 3.15%), due 7/20/39 (a)(b) | 2,240,000 | 2,249,269 |
| ARES Direct Lending CLO 3 LLC | ||
| Series 2024-3A, Class A2 | ||
| 5.479% (3 Month SOFR + 1.75%), due 1/20/37 (a)(b) | 850,000 | 850,029 |
| Arini US CLO VII Ltd. | ||
| Series 7A, Class D | ||
| 6.351% (3 Month SOFR + 2.60%), due 7/15/39 (a)(b) | 1,900,000 | 1,899,645 |
| Bain Capital Credit CLO Ltd. | ||
| Series 2021-6A, Class DR | ||
| 6.684% (3 Month SOFR + 2.95%), due 10/21/34 (a)(b) | 800,000 | 776,318 |
| Bayfront Labs VII Pte. Ltd. | ||
| Series 7A, Class A | ||
| 4.94% (SOFR + 1.28%), due 4/11/48 (a)(b) | 3,084,646 | 3,087,956 |
| BCC Middle Market CLO LLC (a)(b) | ||
| Series 2025-1A, Class A1 | ||
| 5.37% (3 Month SOFR + 1.62%), due 7/17/37 | 1,640,000 | 1,636,266 |
| Series 2023-1A, Class DR | ||
| 6.979% (3 Month SOFR + 3.25%), due 7/20/37 | 1,750,000 | 1,734,805 |
| Benefit Street Partners CLO XXII Ltd. | ||
| Series 2020-22AR, Class D2R3 | ||
| 7.928%, due 7/20/39 (a) | 2,000,000 | 2,000,140 |
| Benefit Street Partners CLO XXXII Ltd. | ||
| Series 2023-32A, Class AR | ||
| 5.02% (3 Month SOFR + 1.21%), due 10/25/38 (a)(b) | 1,000,000 | 1,001,867 |
| Blackrock Rainier CLO VI Ltd. | ||
| Series 2021-6A, Class A1R | ||
| 5.279% (3 Month SOFR + 1.55%), due 4/20/37 (a)(b) | 1,200,000 | 1,202,465 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| BXDL Static CLO LLC (a)(b) | ||
| Series 2025-1A, Class A1 | ||
| 5.029% (3 Month SOFR + 1.30%), due 7/20/35 | $ 1,586,481 | $ 1,585,845 |
| Series 2025-1A, Class C | ||
| 5.929% (3 Month SOFR + 2.20%), due 7/20/35 | 2,000,000 | 1,996,000 |
| CF Hippolyta Issuer LLC (a) | ||
| Series 2021-1A, Class A1 | ||
| 1.53%, due 3/15/61 | 2,288,019 | 1,788,227 |
| Series 2021-1A, Class B1 | ||
| 1.98%, due 3/15/61 | 1,149,786 | 674,348 |
| Series 2020-1, Class A2 | ||
| 1.99%, due 7/15/60 | 1,473,308 | 1,211,809 |
| Series 2020-1, Class B1 | ||
| 2.28%, due 7/15/60 | 2,122,707 | 1,276,889 |
| Series 2020-1, Class B2 | ||
| 2.60%, due 7/15/60 | 2,428,520 | 1,509,347 |
| Consolidated Communications LLC (a) | ||
| Series 2025-4A, Class A2 | ||
| 5.522%, due 12/20/55 | 2,225,000 | 2,223,328 |
| Series 2026-1A, Class C | ||
| 7.03%, due 3/20/56 | 3,500,000 | 3,442,801 |
| DataBank Issuer II LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.18%, due 9/27/55 (a) | 1,255,000 | 1,208,297 |
| FirstKey Homes Trust | ||
| Series 2022-SFR2, Class C | ||
| 4.50%, due 7/17/39 (a) | 2,566,937 | 2,539,718 |
| Flexential Issuer LLC | ||
| Series 2025-1A, Class C | ||
| 8.54%, due 10/25/60 (a) | 4,045,000 | 3,982,935 |
| Fortress Credit Opportunities XXI CLO LLC | ||
| Series 2023-21A, Class A1TR | ||
| 5.304% (3 Month SOFR + 1.57%), due 1/21/37 (a)(b) | 1,175,000 | 1,171,479 |
| Golub Capital CLO 86B Ltd. | ||
| Series 2026-86A, Class C | ||
| 5.358% (3 Month SOFR + 1.70%), due 1/25/39 (a)(b) | 2,000,000 | 1,996,042 |
| Golub Capital Partners CLO 67M Ltd. | ||
| Series 2023-67A, Class CR | ||
| 5.848% (3 Month SOFR + 2.20%), due 5/9/36 (a)(b) | 1,800,000 | 1,791,185 |
| Golub Capital Partners CLO 78M Ltd. | ||
| Series 2025-78A, Class A1 | ||
| 5.114% (3 Month SOFR + 1.38%), due 4/21/39 (a)(b) | 1,550,000 | 1,541,821 |
| Home Partners of America Trust | ||
| Series 2021-2, Class B | ||
| 2.302%, due 12/17/26 (a) | 700,122 | 692,521 |
| Ivy Hill Middle Market Credit Fund VII Ltd. | ||
| Series 7A, Class AR3 | ||
| 5.353% (3 Month SOFR + 1.60%), due 10/15/36 (a)(b) | 800,000 | 800,393 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Kinetic ABS Issuer LLC (a) | ||
| Series 2026-1A, Class B | ||
| 5.561%, due 2/25/56 | $ 3,250,000 | $ 3,184,852 |
| Series 2026-1A, Class C | ||
| 7.653%, due 2/25/56 | 3,500,000 | 3,524,168 |
| Kohlberg Credit CLO LLC | ||
| Series 2026-1A, Class A | ||
| 5.206% (3 Month SOFR + 1.48%), due 4/15/38 (a)(b) | 2,700,000 | 2,679,923 |
| Madison Park Funding XXXVIII Ltd. | ||
| Series 2021-38A, Class A1R | ||
| 4.99% (3 Month SOFR + 1.24%), due 10/17/38 (a)(b) | 1,000,000 | 999,566 |
| Magnetite 50 Ltd. | ||
| Series 2025-50A, Class A1 | ||
| 5.09% (3 Month SOFR + 1.28%), due 7/25/38 (a)(b) | 2,450,000 | 2,455,292 |
| Marathon CLO Ltd. | ||
| Series 2021-16A, Class A2R | ||
| 5.303% (3 Month SOFR + 1.55%), due 4/15/34 (a)(b) | 2,200,000 | 2,200,244 |
| MFIC Bethesda CLO LLC | ||
| Series 1A, Class A2R | ||
| 5.402% (3 Month SOFR + 1.65%), due 10/23/37 (a)(b) | 2,000,000 | 2,000,256 |
| Monroe Capital ABS Funding II Ltd. | ||
| Series 2023-1A, Class A1R | ||
| 6.77%, due 7/22/34 (a) | 1,533,542 | 1,517,826 |
| Monroe Capital MML CLO XVIII Ltd. | ||
| Series 2026-1A, Class C | ||
| 6.503% (3 Month SOFR + 2.75%), due 4/15/38 (a)(b) | 2,500,000 | 2,509,280 |
| Navient Private Education Refi Loan Trust (a) | ||
| Series 2020-GA, Class B | ||
| 2.50%, due 9/16/69 | 1,145,000 | 953,323 |
| Series 2020-HA, Class B | ||
| 2.78%, due 1/15/69 | 1,820,000 | 1,562,535 |
| New Economy Assets Phase 1 Sponsor LLC | ||
| Series 2021-1, Class B1 | ||
| 2.41%, due 10/20/61 (a) | 3,945,000 | 2,290,566 |
| OCP CLO Ltd. | ||
| Series 2017-14A, Class A1R | ||
| 5.099% (3 Month SOFR + 1.37%), due 7/20/37 (a)(b) | 1,100,000 | 1,101,435 |
| Owl Rock CLO XX LLC | ||
| Series 2024-20A, Class C | ||
| 5.875% (3 Month SOFR + 2.10%), due 10/24/34 (a)(b) | 1,000,000 | 986,941 |
| Palmer Square CLO Ltd. | ||
| Series 2026-2A, Class D | ||
| 6.198% (3 Month SOFR + 2.45%), due 7/20/39 (a)(b) | 1,950,000 | 1,955,764 |
| Point Broadband Funding LLC | ||
| Series 2025-1A, Class C | ||
| 8.156%, due 7/20/55 (a) | 3,465,000 | 3,515,437 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Progress Residential Trust | ||
| Series 2025-SFR4, Class C | ||
| 5.05%, due 8/17/42 (a) | $ 2,793,323 | $ 2,710,325 |
| RAD CLO 25 Ltd. | ||
| Series 2024-25A, Class A1 | ||
| 5.189% (3 Month SOFR + 1.46%), due 7/20/37 (a)(b) | 600,000 | 601,038 |
| Regatta XXII Funding Ltd. | ||
| Series 2022-2A, Class A1R2 | ||
| 5.013% (3 Month SOFR + 1.26%), due 1/15/39 (a)(b) | 3,500,000 | 3,501,043 |
| Retained Vantage Data Centers Issuer LLC | ||
| Series 2023-1A, Class A2A | ||
| 5.00%, due 9/15/48 (a) | 3,215,000 | 3,172,225 |
| RIN V LLC | ||
| Series 2023-2A, Class A1R | ||
| 5.081% (3 Month SOFR + 1.34%), due 10/14/36 (a)(b) | 3,000,000 | 3,000,240 |
| RIN XIII LLC | ||
| Series 2026-1A, Class A1 | ||
| 5.043% (3 Month SOFR + 1.29%), due 4/15/39 (a)(b) | 2,500,000 | 2,501,305 |
| Shentel Issuer LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.64%, due 12/20/55 (a) | 4,355,000 | 4,360,349 |
| Signal Peak CLO 12 Ltd. | ||
| Series 2022-12A, Class A1R | ||
| 5.129% (3 Month SOFR + 1.40%), due 7/18/37 (a)(b) | 900,000 | 900,446 |
| Silver Point SCF CLO IV Ltd. | ||
| Series 2021-1A, Class A2R | ||
| 5.703% (3 Month SOFR + 1.95%), due 10/15/36 (a)(b) | 800,000 | 801,810 |
| Sixth Street CLO XIV Ltd. | ||
| Series 2019-14A, Class A1R2 | ||
| 4.884% (3 Month SOFR + 1.15%), due 1/20/38 (a)(b) | 2,400,000 | 2,395,778 |
| Subway Funding LLC | ||
| Series 2024-1A, Class A2I | ||
| 6.028%, due 7/30/54 (a) | 2,947,500 | 2,953,603 |
| Switch ABS Issuer LLC | ||
| Series 2025-2A, Class B | ||
| 6.244%, due 10/25/55 (a) | 2,430,000 | 2,347,409 |
| United Airlines Pass-Through Trust | ||
| Series 2020-1, Class A | ||
| 5.875%, due 10/15/27 | 452,471 | 457,029 |
| Uniti Fiber ABS Issuer LLC | ||
| Series 2025-2A, Class C | ||
| 7.834%, due 1/20/56 (a) | 4,980,000 | 5,037,958 |
| Vantage Data Centers Issuer LLC | ||
| Series 2021-1A, Class A2 | ||
| 2.165%, due 10/15/46 (a) | 3,000,000 | 2,984,287 |
| Vertical Bridge CC LLC | ||
| Series 2025-1A, Class D | ||
| 9.383%, due 8/16/55 (a) | 2,250,000 | 2,297,064 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Zayo Issuer LLC | ||
| Series 2026-1A, Class C | ||
| 7.784%, due 4/20/56 (a) | $ 5,000,000 | $ 5,024,241 |
| 138,780,568 | ||
| Total Asset-Backed Securities (Cost $273,266,756) | 268,339,676 | |
| Corporate Bonds 30.7% | ||
| Aerospace & Defense 0.3% | ||
| Moog, Inc. | ||
| 5.50%, due 10/15/34 (a) | 5,395,000 | 5,219,261 |
| Agriculture 0.1% | ||
| MHP Lux SA | ||
| 10.50%, due 7/28/29 (a) | 898,000 | 933,905 |
| Airlines 1.0% | ||
| American Airlines, Inc. | ||
| 5.75%, due 4/20/29 (a) | 2,245,833 | 2,233,483 |
| Avianca Midco 2 plc | ||
| 9.50%, due 1/28/31 (a) | 827,000 | 772,412 |
| Series Reg S | ||
| 9.625%, due 2/14/30 (e) | 3,400,000 | 3,284,128 |
| Azul Secured Finance LLP | ||
| 9.875%, due 2/15/31 (a) | 2,922,000 | 2,702,850 |
| Series Reg S | ||
| 9.875%, due 2/15/31 | 1,000,000 | 925,000 |
| Delta Air Lines, Inc. | ||
| 4.75%, due 10/20/28 (a) | 1,998,750 | 1,995,317 |
| Grupo Aeromexico SAB de CV | ||
| Series Reg S | ||
| 8.25%, due 11/15/29 | 1,114,000 | 1,121,219 |
| 8.625%, due 11/15/31 (a) | 450,000 | 453,375 |
| Series Reg S | ||
| 8.625%, due 11/15/31 | 286,000 | 288,145 |
| Pegasus Hava Tasimaciligi A/S | ||
| Series Reg S | ||
| 8.00%, due 9/11/31 (e) | 4,350,000 | 4,303,019 |
| 18,078,948 | ||
| Auto Manufacturers 0.5% | ||
| Ford Motor Credit Co. LLC | ||
| 4.125%, due 8/17/27 | 1,295,000 | 1,284,909 |
| 6.054%, due 11/5/31 | 590,000 | 593,375 |
| 6.80%, due 5/12/28 | 2,105,000 | 2,159,195 |
| 7.20%, due 6/10/30 | 625,000 | 653,985 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Auto Manufacturers | ||
| Nissan Motor Acceptance Co. LLC (a) | ||
| 1.85%, due 9/16/26 | $ 3,610,000 | $ 3,595,457 |
| 7.05%, due 9/15/28 (e) | 975,000 | 994,894 |
| 9,281,815 | ||
| Auto Parts & Equipment 0.5% | ||
| American Axle & Manufacturing, Inc. | ||
| 6.375%, due 10/15/32 (a) | 4,975,000 | 4,948,444 |
| Garrett Motion Holdings, Inc. | ||
| 7.75%, due 5/31/32 (a) | 2,735,000 | 2,842,888 |
| Goodyear Tire & Rubber Co. (The) | ||
| 6.625%, due 7/15/30 | 1,880,000 | 1,817,876 |
| 9,609,208 | ||
| Banks 3.6% | ||
| Akbank TAS (b) | ||
| 7.95% (5 Year Treasury Constant Maturity Rate + 4.221%), due 2/19/31 (a)(f) | 1,240,000 | 1,191,645 |
| 8.25% (5 Year Treasury Constant Maturity Rate + 3.993%), due 12/8/36 (a) | 600,000 | 600,858 |
| Series Reg S | ||
| 9.369% (5 Year Treasury Constant Maturity Rate + 5.27%), due 3/14/29 (f) | 1,100,000 | 1,113,363 |
| Banco Santander SA | ||
| 2.749%, due 12/3/30 | 1,000,000 | 901,091 |
| 4.175% (1 Year Treasury Constant Maturity Rate + 2.00%), due 3/24/28 (b) | 2,400,000 | 2,392,095 |
| Bank of Georgia JSC | ||
| Series Reg S | ||
| 9.50% (5 Year SOFR + 5.618%), due 7/16/29 (b)(f) | 1,150,000 | 1,208,160 |
| Barclays plc | ||
| 4.375% (5 Year Treasury Constant Maturity Rate + 3.41%), due 3/15/28 (b)(f) | 3,985,000 | 3,872,654 |
| 4.521%, due 2/24/32 (g) | 1,075,000 | 1,038,922 |
| 8.00% (5 Year Treasury Constant Maturity Rate + 5.431%), due 3/15/29 (b)(f) | 900,000 | 946,825 |
| BNP Paribas SA (a) | ||
| 3.052%, due 1/13/31 (g) | 1,605,000 | 1,498,950 |
| 4.625% (5 Year Treasury Constant Maturity Rate + 3.196%), due 1/12/27 (b)(f) | 1,315,000 | 1,307,478 |
| 4.625% (5 Year Treasury Constant Maturity Rate + 3.34%), due 2/25/31 (b)(f) | 1,610,000 | 1,471,022 |
| BPCE SA | ||
| 4.76%, due 1/13/32 (a)(g) | 2,160,000 | 2,109,296 |
| Citizens Financial Group, Inc. | ||
| 5.299% (5 Year Treasury Constant Maturity Rate + 1.45%), due 1/29/36 (b) | 3,620,000 | 3,543,974 |
| Deutsche Bank AG | ||
| 3.035%, due 5/28/32 (g) | 460,000 | 414,304 |
| 4.875% (5 Year USD Interest Rate Swap + 2.553%), due 12/1/32 (b) | 3,390,000 | 3,365,141 |
| First Horizon Bank | ||
| 5.75%, due 5/1/30 | 1,673,000 | 1,682,657 |
| Huntington Bancshares, Inc. | ||
| 5.605% (5 Year Treasury Constant Maturity Rate + 1.35%), due 1/28/41 (b) | 2,030,000 | 1,945,912 |
| Intesa Sanpaolo SpA | ||
| 4.198% (1 Year Treasury Constant Maturity Rate + 2.60%), due 6/1/32 (a)(b) | 3,430,000 | 3,216,533 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| M&T Bank Corp. | ||
| 5.295% (5 Year Treasury Constant Maturity Rate + 1.38%), due 4/18/36 (b) | $ 4,010,000 | $ 3,938,713 |
| Morgan Stanley (g) | ||
| 2.484%, due 9/16/36 | 2,170,000 | 1,862,442 |
| 2.511%, due 10/20/32 | 3,225,000 | 2,819,262 |
| NatWest Group plc | ||
| 4.60% (5 Year Treasury Constant Maturity Rate + 3.10%), due 6/28/31 (b)(f) | 2,650,000 | 2,432,695 |
| Santander Holdings USA, Inc. | ||
| 6.499%, due 3/9/29 (g) | 1,315,000 | 1,345,619 |
| Societe Generale SA | ||
| 5.375% (5 Year Treasury Constant Maturity Rate + 4.514%), due 11/18/30 (a)(b)(f) | 4,350,000 | 4,131,121 |
| Standard Chartered plc | ||
| 2.678% (1 Year Treasury Constant Maturity Rate + 1.20%), due 6/29/32 (a)(b) | 4,025,000 | 3,568,511 |
| Turkiye Is Bankasi A/S | ||
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.629%), due 4/2/36 (a)(b) | 1,600,000 | 1,555,754 |
| UBS Group AG | ||
| 3.091%, due 5/14/32 (a)(g) | 885,000 | 803,659 |
| USB Realty Corp. | ||
| 5.162% (3 Month SOFR + 1.409%), due 1/15/27 (a)(b)(f) | 2,590,000 | 2,316,901 |
| Valley National Bancorp | ||
| 6.219%, due 6/1/36 (g) | 4,460,000 | 4,413,379 |
| Wells Fargo & Co. | ||
| 3.35%, due 3/2/33 (g) | 2,330,000 | 2,119,300 |
| 65,128,236 | ||
| Building Materials 0.8% | ||
| AmeriTex HoldCo Intermediate LLC | ||
| 7.625%, due 8/15/33 (a) | 2,365,000 | 2,434,933 |
| Cimko Cimento ve Beton Sanayi ve Ticaret A/S | ||
| 10.75%, due 5/21/30 (a) | 1,450,000 | 1,522,540 |
| Series Reg S | ||
| 10.75%, due 5/21/30 | 1,250,000 | 1,312,535 |
| EMRLD Borrower LP | ||
| 6.75%, due 7/15/31 (a) | 3,160,000 | 3,241,003 |
| Miter Brands Acquisition Holdco, Inc. | ||
| 6.75%, due 4/1/32 (a) | 2,500,000 | 2,461,491 |
| MIWD Holdco II LLC | ||
| 5.50%, due 2/1/30 (a)(e) | 3,305,000 | 3,058,591 |
| 14,031,093 | ||
| Chemicals 0.8% | ||
| Huntsman International LLC | ||
| 4.50%, due 5/1/29 | 2,975,000 | 2,863,343 |
| ICL Group Ltd. | ||
| Series Reg S | ||
| 6.036%, due 6/16/36 (a) | 2,450,000 | 2,414,987 |
| Innophos Holdings, Inc. | ||
| 11.50%, due 6/15/29 (a)(e) | 2,020,000 | 1,898,800 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Chemicals | ||
| Sasol Financing USA LLC | ||
| 8.75%, due 4/10/33 (a) | $ 990,000 | $ 1,032,075 |
| SCIH Salt Holdings, Inc. | ||
| 6.625%, due 8/15/31 (a) | 1,505,000 | 1,504,730 |
| Stonepeak Motion Holdco Ltd. | ||
| 6.125%, due 7/15/33 (a) | 4,795,000 | 4,770,586 |
| 14,484,521 | ||
| Commercial Services 0.8% | ||
| Ashtead Capital, Inc. | ||
| 4.25%, due 11/1/29 (a) | 1,640,000 | 1,593,874 |
| DP World Ltd. | ||
| Series Reg S | ||
| 5.625%, due 9/25/48 | 4,068,000 | 3,556,858 |
| Kaspi.kz JSC | ||
| Series Reg S | ||
| 6.25%, due 3/26/30 | 2,550,000 | 2,566,249 |
| NESCO Holdings II, Inc. | ||
| 5.50%, due 4/15/29 (a) | 4,580,000 | 4,547,343 |
| Valvoline, Inc. | ||
| 3.625%, due 6/15/31 (a)(e) | 3,185,000 | 2,903,368 |
| 15,167,692 | ||
| Cosmetics & Personal Care 0.1% | ||
| Coty, Inc. | ||
| 4.75%, due 1/15/29 (a) | 2,020,000 | 1,983,586 |
| Diversified Financial Services 1.9% | ||
| Ally Financial, Inc. (b)(f) | ||
| Series C | ||
| 4.70% (7 Year Treasury Constant Maturity Rate + 3.481%), due 5/15/28 | 1,315,000 | 1,270,569 |
| Series D | ||
| 7.10% (5 Year Treasury Constant Maturity Rate + 3.148%), due 8/15/31 | 970,000 | 975,513 |
| Avolon Holdings Funding Ltd. (a) | ||
| 3.25%, due 2/15/27 | 2,125,000 | 2,110,150 |
| 4.70%, due 1/30/31 | 1,975,000 | 1,923,293 |
| 4.85%, due 4/1/33 | 5,000,000 | 4,771,317 |
| 5.75%, due 11/15/29 | 1,575,000 | 1,600,539 |
| Bread Financial Holdings, Inc. (a) | ||
| 6.75%, due 5/15/31 | 4,620,000 | 4,709,868 |
| 8.375% (5 Year Treasury Constant Maturity Rate + 4.30%), due 6/15/35 (b) | 1,630,000 | 1,687,187 |
| Capital One Financial Corp. | ||
| 4.722%, due 1/30/32 (g) | 2,420,000 | 2,366,438 |
| Macquarie Airfinance Holdings Ltd. | ||
| 6.40%, due 3/26/29 (a) | 1,610,000 | 1,652,630 |
| OneMain Finance Corp. | ||
| 6.75%, due 3/15/32 | 2,930,000 | 2,915,802 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Diversified Financial Services | ||
| Synchrony Financial | ||
| 6.276%, due 7/31/37 (g) | $ 3,200,000 | $ 3,199,152 |
| Series C | ||
| 7.25% (5 Year Treasury Constant Maturity Rate + 3.078%), due 8/15/31 (b)(f) | 2,175,000 | 2,139,226 |
| VFH Parent LLC | ||
| 7.50%, due 6/15/31 (a) | 3,130,000 | 3,245,607 |
| 34,567,291 | ||
| Electric 2.8% | ||
| AEP Texas, Inc. | ||
| 4.70%, due 5/15/32 | 1,175,000 | 1,148,944 |
| AES Andes SA | ||
| Series Reg S | ||
| 8.15% (5 Year Treasury Constant Maturity Rate + 3.835%), due 6/10/55 (b)(e) | 950,000 | 995,505 |
| Alpha Generation LLC | ||
| 6.75%, due 10/15/32 (a) | 3,035,000 | 3,061,459 |
| Aydem Yenilenebilir Enerji A/S | ||
| 9.875%, due 9/30/30 (a) | 2,161,000 | 2,131,142 |
| Clearway Energy Operating LLC | ||
| 5.75%, due 1/15/34 (a) | 3,010,000 | 2,902,395 |
| Edison International (b) | ||
| 7.875% (5 Year Treasury Constant Maturity Rate + 3.658%), due 6/15/54 | 925,000 | 954,563 |
| 8.125% (5 Year Treasury Constant Maturity Rate + 3.864%), due 6/15/53 | 2,870,000 | 2,936,274 |
| Emera US Finance LLC | ||
| Series A | ||
| 6.65% (5 Year Treasury Constant Maturity Rate + 2.866%), due 10/1/56 (b) | 3,430,000 | 3,445,414 |
| EnfraGen Energia Sur SA | ||
| Series Reg S | ||
| 5.375%, due 12/30/30 (e) | 957,777 | 900,818 |
| 5.375%, due 12/30/30 (a) | 1,275,407 | 1,199,558 |
| Generadora de Gatun SA | ||
| 6.874%, due 9/30/44 (a)(e) | 1,400,000 | 1,402,804 |
| IPALCO Enterprises, Inc. | ||
| 5.75%, due 4/1/34 | 1,485,000 | 1,451,074 |
| Kentucky Power Co. | ||
| 7.00%, due 11/15/33 (a) | 1,630,000 | 1,730,450 |
| NRG Energy, Inc. (a) | ||
| 5.875%, due 5/15/34 | 1,850,000 | 1,816,145 |
| 6.125%, due 5/15/36 | 1,850,000 | 1,826,145 |
| Ohio Power Co. | ||
| Series R | ||
| 2.90%, due 10/1/51 | 955,000 | 554,093 |
| Pacific Gas and Electric Co. | ||
| 3.50%, due 8/1/50 | 1,855,000 | 1,186,729 |
| PacifiCorp | ||
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.319%), due 9/15/55 (b) | 305,000 | 303,349 |
| ReNew Treasury IFSC Pvt. Ltd. | ||
| 6.50%, due 2/2/31 (a) | 814,000 | 805,445 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| Sempra | ||
| 4.125% (5 Year Treasury Constant Maturity Rate + 2.868%), due 4/1/52 (b) | $ 2,150,000 | $ 2,133,533 |
| Southern Co. (The) | ||
| 6.00% (5 Year Treasury Constant Maturity Rate + 1.993%), due 4/1/58 (b) | 3,745,000 | 3,707,116 |
| Vistra Operations Co. LLC | ||
| 6.875%, due 4/15/32 (a) | 1,550,000 | 1,600,978 |
| VoltaGrid LLC | ||
| 7.375%, due 11/1/30 (a) | 2,325,000 | 2,336,557 |
| XPLR Infrastructure Operating Partners LP (a)(e) | ||
| 7.25%, due 1/15/29 | 2,990,000 | 3,083,550 |
| 8.375%, due 1/15/31 | 2,730,000 | 2,901,518 |
| Zorlu Enerji Elektrik Uretim A/S | ||
| Series Reg S | ||
| 11.00%, due 4/23/30 | 5,304,000 | 3,938,604 |
| 50,454,162 | ||
| Electrical Components & Equipment 0.2% | ||
| Energizer Holdings, Inc. | ||
| 6.00%, due 9/15/33 (a)(e) | 2,940,000 | 2,785,930 |
| Engineering & Construction 0.1% | ||
| Aeropuertos Dominicanos Siglo XXI SA | ||
| 7.00%, due 6/30/34 (a) | 1,218,000 | 1,247,329 |
| Entertainment 0.2% | ||
| Penn Entertainment, Inc. | ||
| 6.75%, due 4/1/31 (a)(e) | 3,190,000 | 3,201,529 |
| Food 0.8% | ||
| Albertsons Cos., Inc. (a) | ||
| 5.625%, due 3/31/32 | 1,910,000 | 1,816,796 |
| 5.75%, due 3/31/34 | 1,910,000 | 1,775,807 |
| J&F Luxembourg Finance SARL | ||
| 8.50%, due 12/1/32 (a) | 2,200,000 | 2,191,750 |
| JBS NV | ||
| 6.375%, due 2/25/55 | 3,435,000 | 3,259,089 |
| Post Holdings, Inc. (a) | ||
| 4.50%, due 9/15/31 | 2,340,000 | 2,168,682 |
| 4.625%, due 4/15/30 | 1,054,000 | 1,015,271 |
| Smithfield Foods, Inc. | ||
| 3.00%, due 10/15/30 (a) | 1,520,000 | 1,380,800 |
| 13,608,195 | ||
| Gas 0.2% | ||
| AmeriGas Partners LP (a) | ||
| 6.875%, due 6/1/31 | 1,185,000 | 1,203,355 |
| 9.375%, due 6/1/28 | 543,000 | 555,143 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Gas | ||
| National Fuel Gas Co. | ||
| 2.95%, due 3/1/31 | $ 1,695,000 | $ 1,536,056 |
| 3,294,554 | ||
| Healthcare-Services 0.5% | ||
| Global Medical Response, Inc. | ||
| 7.375%, due 10/1/32 (a) | 2,500,000 | 2,544,053 |
| Molina Healthcare, Inc. | ||
| 6.50%, due 2/15/31 (a) | 3,020,000 | 3,047,769 |
| Prime Healthcare Services, Inc. | ||
| 9.375%, due 9/1/29 (a) | 3,810,000 | 3,972,535 |
| 9,564,357 | ||
| Housewares 0.3% | ||
| Newell Brands, Inc. | ||
| 8.50%, due 6/1/28 (a) | 4,855,000 | 5,067,333 |
| Insurance 0.5% | ||
| Allianz SE | ||
| 6.50% (5 Year Treasury Constant Maturity Rate + 2.233%), due 10/30/34 (a)(b)(f) | 2,200,000 | 2,182,994 |
| Lincoln National Corp. | ||
| 6.268% (3 Month SOFR + 2.619%), due 5/17/66 (b) | 3,537,000 | 3,067,517 |
| Prudential Financial, Inc. | ||
| 4.50%, due 9/15/47 (g) | 2,890,000 | 2,853,631 |
| 8,104,142 | ||
| Internet 0.8% | ||
| Prosus NV | ||
| Series Reg S | ||
| 4.987%, due 1/19/52 | 4,295,000 | 3,301,270 |
| Rakuten Group, Inc. | ||
| 9.75%, due 4/15/29 (a) | 4,160,000 | 4,516,805 |
| Wayfair LLC | ||
| 6.75%, due 11/15/32 (a) | 6,710,000 | 6,830,847 |
| 14,648,922 | ||
| Investment Companies 0.3% | ||
| GACI First Investment Co. | ||
| Series Reg S | ||
| 5.25%, due 1/29/34 | 2,645,000 | 2,589,558 |
| Series Reg S | ||
| 5.375%, due 1/29/54 | 3,256,000 | 2,741,363 |
| 5,330,921 | ||
| Iron & Steel 0.4% | ||
| Eregli Demir ve Celik Fabrikalari TAS | ||
| 8.375%, due 7/23/29 (a) | 2,110,000 | 2,179,626 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Iron & Steel | ||
| Mineral Resources Ltd. (a) | ||
| 6.00%, due 5/1/32 | $ 3,205,000 | $ 3,146,139 |
| 7.00%, due 4/1/31 | 1,105,000 | 1,137,120 |
| 6,462,885 | ||
| Leisure Time 0.6% | ||
| Carnival Corp. Ltd. | ||
| 5.75%, due 8/1/32 (a) | 3,140,000 | 3,111,061 |
| NCL Corp. Ltd. | ||
| 6.75%, due 2/1/32 (a) | 5,860,000 | 5,743,757 |
| NCL Finance Ltd. | ||
| 6.125%, due 3/15/28 (a) | 2,095,000 | 2,107,390 |
| 10,962,208 | ||
| Lodging 0.8% | ||
| Fortune Star BVI Ltd. | ||
| Series Reg S | ||
| 8.50%, due 5/19/28 | 2,600,000 | 2,644,886 |
| Las Vegas Sands Corp. | ||
| 5.625%, due 6/15/28 | 2,735,000 | 2,759,799 |
| 6.00%, due 8/15/29 | 4,950,000 | 5,050,319 |
| Melco Resorts Finance Ltd. | ||
| Series Reg S | ||
| 5.625%, due 7/17/27 | 1,300,000 | 1,296,911 |
| 6.50%, due 9/24/33 (a) | 800,000 | 772,434 |
| Studio City Finance Ltd. | ||
| 6.50%, due 1/15/28 (a) | 1,770,000 | 1,764,667 |
| Series Reg S | ||
| 6.50%, due 1/15/28 | 560,000 | 558,313 |
| 14,847,329 | ||
| Machinery—Construction & Mining 0.2% | ||
| Terex Corp. | ||
| 6.25%, due 10/15/32 (a) | 4,375,000 | 4,390,702 |
| Media 0.6% | ||
| CCO Holdings LLC | ||
| 4.50%, due 8/15/30 (a) | 4,630,000 | 4,224,423 |
| Charter Communications Operating LLC | ||
| 6.10%, due 6/1/29 | 1,470,000 | 1,491,881 |
| Paramount Global | ||
| 4.95%, due 1/15/31 | 2,675,000 | 2,451,375 |
| Univision Communications, Inc. | ||
| 4.50%, due 5/1/29 (a) | 3,450,000 | 3,266,980 |
| 11,434,659 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Mining 1.0% | ||
| Compass Minerals International, Inc. | ||
| 8.00%, due 7/1/30 (a) | $ 2,840,000 | $ 2,966,686 |
| Freeport Indonesia PT | ||
| Series Reg S | ||
| 5.315%, due 4/14/32 | 2,950,000 | 2,885,772 |
| Series Reg S | ||
| 6.20%, due 4/14/52 | 2,845,000 | 2,641,488 |
| Perenti Finance Pty. Ltd. | ||
| 7.50%, due 4/26/29 (a) | 1,075,000 | 1,102,261 |
| Vedanta Resources Finance II plc | ||
| 7.375%, due 7/13/34 (a) | 4,829,000 | 4,805,343 |
| WE Soda Investments Holding plc | ||
| 9.375%, due 2/14/31 (a) | 2,210,000 | 2,149,943 |
| Series Reg S | ||
| 9.375%, due 2/14/31 | 1,245,000 | 1,211,167 |
| Series Reg S | ||
| 9.50%, due 10/6/28 | 500,000 | 503,091 |
| 18,265,751 | ||
| Miscellaneous—Manufacturing 0.1% | ||
| Textron Financial Corp. | ||
| 5.648% (3 Month SOFR + 1.997%), due 2/15/42 (a)(b) | 2,140,000 | 1,948,543 |
| Oil & Gas 2.1% | ||
| ADNOC Murban RSC Ltd. | ||
| Series Reg S | ||
| 5.125%, due 9/11/54 | 3,215,000 | 2,737,718 |
| Azule Energy Finance plc | ||
| 8.125%, due 1/23/30 (a) | 647,000 | 656,961 |
| Series Reg S | ||
| 8.125%, due 1/23/30 | 500,000 | 507,698 |
| 8.625%, due 1/22/33 (a) | 1,073,000 | 1,097,227 |
| California Resources Corp. | ||
| 7.25%, due 1/15/35 (a) | 3,330,000 | 3,290,300 |
| CNX Resources Corp. | ||
| 5.875%, due 3/1/34 (a) | 2,015,000 | 1,952,220 |
| Comstock Resources, Inc. | ||
| 6.75%, due 3/1/29 (a) | 3,845,000 | 3,786,705 |
| Energean Israel Finance Ltd. | ||
| Series Reg S | ||
| 5.375%, due 3/30/28 (a)(e) | 1,655,000 | 1,639,669 |
| KazMunayGas National Co. JSC | ||
| Series Reg S | ||
| 5.375%, due 4/24/30 | 1,339,000 | 1,335,664 |
| Kosmos Energy Ltd. | ||
| Series Reg S | ||
| 7.50%, due 3/1/28 | 1,550,000 | 1,528,778 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Oil & Gas | ||
| Matador Resources Co. | ||
| 6.00%, due 4/15/34 (a) | $ 3,770,000 | $ 3,646,290 |
| SM Energy Co. (a) | ||
| 6.625%, due 4/15/34 | 1,720,000 | 1,709,381 |
| 6.75%, due 8/1/29 | 2,100,000 | 2,130,469 |
| Sunoco LP (a) | ||
| 5.375%, due 7/15/31 | 2,075,000 | 2,035,376 |
| 5.625%, due 7/15/34 | 2,075,000 | 2,006,219 |
| Transocean International Ltd. | ||
| 8.75%, due 2/15/30 (a) | 1,494,500 | 1,552,273 |
| Tullow Holdco 2 Ltd. | ||
| Series Reg S | ||
| 15.00% (4.75% PIK), due 11/15/28 (h) | 3,716,441 | 3,747,055 |
| Valaris Ltd. | ||
| 8.375%, due 4/30/30 (a) | 2,490,000 | 2,577,900 |
| 37,937,903 | ||
| Oil & Gas Services 0.3% | ||
| SESI LLC | ||
| 7.875%, due 9/30/30 (a) | 2,350,000 | 2,377,790 |
| Yinson Boronia Production BV | ||
| Series Reg S | ||
| 8.947%, due 7/31/42 | 1,889,490 | 2,081,955 |
| 4,459,745 | ||
| Packaging & Containers 0.5% | ||
| Cascades, Inc. | ||
| 6.75%, due 7/15/30 (a) | 3,000,000 | 3,047,610 |
| Clydesdale Acquisition Holdings, Inc. | ||
| 6.75%, due 4/15/32 (a) | 4,360,000 | 4,152,037 |
| Sword Purchaser LLC | ||
| 8.25%, due 4/15/33 (a) | 850,000 | 869,410 |
| 8,069,057 | ||
| Pipelines 1.2% | ||
| Cheniere Corpus Christi Holdings LLC | ||
| 2.742%, due 12/31/39 | 1,710,000 | 1,434,615 |
| CNX Midstream Partners LP | ||
| 4.75%, due 4/15/30 (a) | 4,390,000 | 4,208,138 |
| DCP Midstream Operating LP | ||
| 3.25%, due 2/15/32 | 3,090,000 | 2,810,864 |
| Delek Logistics Partners LP | ||
| 6.875%, due 6/1/34 (a) | 5,190,000 | 5,214,980 |
| Energy Transfer LP | ||
| Series H | ||
| 6.50% (5 Year Treasury Constant Maturity Rate + 5.694%), due 8/17/26 (b)(f) | 2,520,000 | 2,519,394 |
| Flex Intermediate Holdco LLC | ||
| 3.363%, due 6/30/31 (a) | 2,490,000 | 2,281,749 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Pipelines | ||
| Plains All American Pipeline LP | ||
| 3.80%, due 9/15/30 | $ 1,040,000 | $ 992,490 |
| Western Midstream Operating LP | ||
| 5.25%, due 2/1/50 (d) | 1,800,000 | 1,497,487 |
| 20,959,717 | ||
| Real Estate 1.0% | ||
| Alpha Star Holding IX Ltd. | ||
| Series Reg S | ||
| 7.00%, due 8/26/28 | 1,250,000 | 1,221,170 |
| Alpha Star Holding VIII Ltd. | ||
| Series Reg S | ||
| 8.375%, due 4/12/27 | 2,500,000 | 2,500,190 |
| Arabian Centres Sukuk III Ltd. | ||
| Series Reg S | ||
| 9.50%, due 3/6/29 | 1,850,000 | 1,854,072 |
| Dar Al-Arkan Sukuk Co. Ltd. | ||
| Series Reg S | ||
| 6.875%, due 2/26/27 | 1,450,000 | 1,445,696 |
| MAF Global Securities Ltd. (b)(f) | ||
| Series Reg S | ||
| 5.748% (5 Year Treasury Constant Maturity Rate + 2.052%), due 11/20/30 | 780,000 | 727,023 |
| Series Reg S | ||
| 7.875% (5 Year Treasury Constant Maturity Rate + 4.893%), due 6/30/27 | 3,200,000 | 3,207,825 |
| Omniyat Sukuk 1 Ltd. | ||
| Series Reg S | ||
| 8.375%, due 5/6/28 (e) | 4,300,000 | 4,130,664 |
| Sobha Sukuk I Holding Ltd. | ||
| Series Reg S | ||
| 7.996%, due 2/19/29 | 2,420,000 | 2,316,825 |
| Sobha Sukuk Ltd. | ||
| Series Reg S | ||
| 8.75%, due 7/17/28 | 400,000 | 392,573 |
| 17,796,038 | ||
| Real Estate Investment Trusts 1.0% | ||
| Fibra SOMA Trust | ||
| 7.125%, due 5/28/36 (a) | 2,880,000 | 2,822,400 |
| GLP Capital LP | ||
| 5.625%, due 3/1/36 | 3,850,000 | 3,691,529 |
| MPT Operating Partnership LP | ||
| 8.50%, due 2/15/32 (a) | 1,600,000 | 1,626,096 |
| Park Intermediate Holdings LLC | ||
| 5.875%, due 10/1/28 (a) | 4,305,000 | 4,299,194 |
| Starwood Property Trust, Inc. (a) | ||
| 6.00%, due 4/15/30 | 1,625,000 | 1,629,176 |
| 6.125%, due 6/1/31 | 1,100,000 | 1,097,396 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Real Estate Investment Trusts | ||
| Trust 2401 | ||
| 7.70%, due 1/23/32 (a) | $ 1,731,000 | $ 1,829,528 |
| 16,995,319 | ||
| Retail 1.4% | ||
| Arcos Dorados BV | ||
| 6.375%, due 1/29/32 (a) | 2,290,000 | 2,366,112 |
| AutoNation, Inc. | ||
| 4.75%, due 6/1/30 | 1,116,000 | 1,099,215 |
| Bath & Body Works, Inc. | ||
| 6.625%, due 10/1/30 (a) | 6,025,000 | 6,122,400 |
| El Puerto de Liverpool SAB de CV | ||
| 5.75%, due 2/10/38 (a) | 1,500,000 | 1,406,250 |
| 6.658%, due 1/22/37 (a) | 681,000 | 695,471 |
| Series Reg S | ||
| 6.658%, due 1/22/37 | 300,000 | 306,375 |
| Macy's Retail Holdings LLC (a) | ||
| 6.125%, due 3/15/32 | 245,000 | 245,732 |
| 7.375%, due 8/1/33 (e) | 3,400,000 | 3,538,008 |
| PetSmart LLC | ||
| 7.50%, due 9/15/32 (a) | 3,750,000 | 3,789,030 |
| Sally Holdings LLC | ||
| 6.75%, due 4/1/32 (e) | 765,000 | 779,489 |
| Victoria's Secret & Co. | ||
| 4.625%, due 7/15/29 (a)(e) | 3,070,000 | 2,981,605 |
| Victra Holdings LLC | ||
| 8.75%, due 9/15/29 (a)(e) | 2,135,000 | 2,174,329 |
| 25,504,016 | ||
| Software 0.6% | ||
| AthenaHealth Group, Inc. | ||
| 7.50%, due 2/15/32 (a) | 1,520,000 | 1,558,334 |
| Cloud Software Group LLC (a) | ||
| 6.50%, due 3/31/29 | 1,720,000 | 1,680,721 |
| 8.25%, due 6/30/32 | 2,135,000 | 2,019,684 |
| Oracle Corp. | ||
| 5.35%, due 5/4/33 | 2,575,000 | 2,419,797 |
| Salesforce, Inc. | ||
| 5.55%, due 3/15/36 | 3,740,000 | 3,646,987 |
| 11,325,523 | ||
| Telecommunications 1.7% | ||
| AT&T, Inc. | ||
| 3.50%, due 9/15/53 | 1,485,000 | 897,050 |
| 6.00%, due 4/30/56 | 2,295,000 | 2,061,231 |
| Axian Telecom Holding & Management plc | ||
| 7.25%, due 7/11/30 (a) | 1,860,000 | 1,875,159 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Telecommunications | ||
| Digicel International Finance Ltd. | ||
| Series Reg S | ||
| 8.625%, due 8/1/32 | $ 2,500,000 | $ 2,581,580 |
| Iliad Holding SAS | ||
| 8.50%, due 4/15/31 (a) | 3,770,000 | 3,965,667 |
| Silk Road Group Holding LLC | ||
| Series Reg S | ||
| 7.50%, due 9/15/30 | 2,350,000 | 2,342,771 |
| SV RNO Property Owner 1 LLC | ||
| 5.875%, due 3/1/31 (a) | 3,300,000 | 3,064,366 |
| Total Play Telecomunicaciones SA de CV | ||
| Series Reg S | ||
| 10.50%, due 12/31/28 | 1,035,000 | 1,057,253 |
| Series Reg S | ||
| 11.125%, due 12/31/32 | 2,200,000 | 2,150,214 |
| Verizon Communications, Inc. | ||
| 6.20% (5 Year Treasury Constant Maturity Rate + 2.042%), due 5/14/56 (b) | 4,485,000 | 4,389,265 |
| Windstream Services LLC | ||
| 8.25%, due 10/1/31 (a)(e) | 2,705,000 | 2,815,983 |
| WULF Compute LLC | ||
| 7.75%, due 10/15/30 (a) | 3,730,000 | 3,875,347 |
| 31,075,886 | ||
| Transportation 0.1% | ||
| Danaos Corp. | ||
| 6.875%, due 10/15/32 (a) | 1,720,000 | 1,757,202 |
| Yinson Bergenia Production BV | ||
| 8.498%, due 1/31/45 (a) | 690,690 | 740,689 |
| 2,497,891 | ||
| Total Corporate Bonds (Cost $559,262,621) | 550,726,102 | |
| Foreign Government Bonds 5.4% | ||
| Angola 0.1% | ||
| Angola Government Bond | ||
| 9.375%, due 3/31/33 (a) | 1,160,000 | 1,195,306 |
| Argentina 0.8% | ||
| Argentina Government Bond | ||
| 1.00%, due 7/9/29 | 1,998,000 | 1,787,211 |
| 3.50%, due 7/9/41 (d) | 2,268,000 | 1,676,052 |
| 4.125%, due 7/9/35 (d) | 2,750,030 | 2,173,899 |
| Province of Santa Fe | ||
| 8.10%, due 12/11/34 (a) | 2,440,000 | 2,433,900 |
| Provincia de Cordoba | ||
| 8.60%, due 2/3/35 (a) | 1,580,000 | 1,569,731 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Argentina | ||
| Provincia del Chubut Argentina | ||
| 9.45%, due 4/29/36 (a) | $ 1,525,000 | $ 1,619,123 |
| YPF SA | ||
| 8.25%, due 1/17/34 (a) | 2,500,000 | 2,633,588 |
| 13,893,504 | ||
| Bahamas 0.2% | ||
| Bahamas Government Bond | ||
| 8.25%, due 6/24/36 (a) | 1,250,000 | 1,380,837 |
| Series Reg S | ||
| 8.25%, due 6/24/36 | 1,825,000 | 2,016,023 |
| 3,396,860 | ||
| Chile 0.3% | ||
| Corp. Nacional del Cobre de Chile | ||
| 6.33%, due 1/13/35 (a) | 1,600,000 | 1,640,640 |
| 6.44%, due 1/26/36 (a) | 1,675,000 | 1,739,372 |
| Series Reg S | ||
| 6.44%, due 1/26/36 | 520,000 | 539,984 |
| Empresa Nacional del Petroleo | ||
| 3.45%, due 9/16/31 (a) | 1,549,000 | 1,405,940 |
| 5,325,936 | ||
| Colombia 0.2% | ||
| Colombia Government Bond | ||
| 7.75%, due 11/7/36 | 1,425,000 | 1,521,544 |
| Ecopetrol SA | ||
| 5.875%, due 5/28/45 | 3,530,000 | 2,802,369 |
| 4,323,913 | ||
| Costa Rica 0.1% | ||
| Costa Rica Government Bond | ||
| Series Reg S | ||
| 7.00%, due 4/4/44 | 1,950,000 | 2,049,450 |
| Cote D'Ivoire 0.3% | ||
| Ivory Coast Government Bond | ||
| 6.75%, due 2/25/41 (a) | 2,650,000 | 2,485,006 |
| Series Reg S | ||
| 8.25%, due 1/30/37 | 2,140,000 | 2,302,599 |
| 4,787,605 | ||
| Democratic Republic of the Congo 0.1% | ||
| DRC International Bond | ||
| 9.50%, due 4/16/37 (a) | 1,150,000 | 1,198,806 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Dominican Republic 0.3% | ||
| Dominican Republic Government Bond | ||
| Series Reg S | ||
| 4.875%, due 9/23/32 | $ 610,000 | $ 569,130 |
| 4.875%, due 9/23/32 (a) | 2,160,000 | 2,015,280 |
| 5.75%, due 3/17/34 (a) | 1,650,000 | 1,593,900 |
| Series Reg S | ||
| 5.875%, due 1/30/60 | 1,334,000 | 1,127,230 |
| 5,305,540 | ||
| Ecuador 0.2% | ||
| Ecuador Government Bond | ||
| Series Reg S | ||
| 6.90%, due 7/31/35 (d) | 2,442,000 | 2,195,358 |
| 8.75%, due 1/29/34 (a) | 1,210,000 | 1,198,505 |
| Series Reg S | ||
| 8.75%, due 1/29/34 | 500,000 | 495,250 |
| 3,889,113 | ||
| El Salvador 0.1% | ||
| El Salvador Government Bond | ||
| Series Reg S | ||
| 8.25%, due 4/10/32 | 1,500,000 | 1,605,000 |
| Honduras 0.2% | ||
| Honduras Government Bond | ||
| 6.40%, due 7/29/36 (a) | 4,115,000 | 4,094,425 |
| Israel 0.1% | ||
| Israel Government Bond | ||
| 5.75%, due 3/12/54 | 1,478,000 | 1,354,183 |
| Kyrgyzstan 0.1% | ||
| Eldik Bank OAO | ||
| 8.50%, due 4/23/31 (a) | 1,809,000 | 1,801,865 |
| Mexico 0.2% | ||
| Mexico Government Bond | ||
| 6.338%, due 5/4/53 | 3,400,000 | 3,029,400 |
| Petroleos Mexicanos | ||
| 7.69%, due 1/23/50 | 1,450,000 | 1,293,467 |
| 4,322,867 | ||
| Mongolia 0.0% ‡ | ||
| Development Bank of Mongolia LLC | ||
| 6.90%, due 7/2/31 (a) | 1,000,000 | 991,245 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Morocco 0.3% | ||
| OCP SA | ||
| Series Reg S | ||
| 6.875%, due 4/25/44 | $ 3,365,000 | $ 3,286,182 |
| 7.368% (5 Year Treasury Constant Maturity Rate + 3.215%), due 4/22/36 (a)(b)(f) | 2,470,000 | 2,423,674 |
| 5,709,856 | ||
| Paraguay 0.1% | ||
| Paraguay Government Bond | ||
| Series Reg S | ||
| 6.10%, due 8/11/44 (e) | 450,000 | 440,550 |
| 6.10%, due 8/11/44 (a) | 1,150,000 | 1,125,850 |
| 1,566,400 | ||
| Poland 0.1% | ||
| Poland Government Bond | ||
| 5.125%, due 9/18/34 | 2,240,000 | 2,209,909 |
| Romania 0.3% | ||
| Romanian Government Bond | ||
| Series Reg S | ||
| 3.00%, due 2/14/31 | 3,520,000 | 3,129,837 |
| Series Reg S | ||
| 6.625%, due 5/16/36 | 1,500,000 | 1,508,819 |
| 4,638,656 | ||
| Saudi Arabia 0.2% | ||
| KSA Sukuk Ltd. | ||
| Series Reg S | ||
| 5.25%, due 6/4/34 | 2,985,000 | 2,965,355 |
| Saudi Government Bond | ||
| Series Reg S | ||
| 4.875%, due 7/18/33 | 340,000 | 331,649 |
| 3,297,004 | ||
| Supranational 0.5% | ||
| Africa Finance Corp. (b)(f) | ||
| 7.50% (5 Year Treasury Constant Maturity Rate + 3.015%), due 1/21/30 (a) | 1,820,000 | 1,837,235 |
| Series Reg S | ||
| 7.50% (5 Year Treasury Constant Maturity Rate + 3.015%), due 1/21/30 | 1,550,000 | 1,564,678 |
| African Development Bank | ||
| (zero coupon), due 4/5/46 | ZAR 163,500,000 | 1,822,154 |
| APICORP Sukuk Ltd. | ||
| Series Reg S | ||
| 4.721%, due 2/3/36 | $ 750,000 | 721,612 |
| European Bank for Reconstruction & Development | ||
| (zero coupon), due 2/2/32 | BRL 6,250,000 | 627,631 |
| (zero coupon), due 7/11/36 | TRY 1,350,000,000 | 1,827,488 |
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Supranational | ||
| International Finance Corp. | ||
| 11.75%, due 7/18/30 | BRL 3,600,000 | $ 691,192 |
| 9,091,990 | ||
| Ukraine 0.3% | ||
| Ukraine Government Bond (d) | ||
| Series Reg S | ||
| (zero coupon), due 2/1/35 | $ 2,683,000 | 1,599,355 |
| 4.50%, due 2/1/29 (a) | 735,525 | 625,968 |
| Series Reg S | ||
| 4.50%, due 2/1/29 | 2,798,325 | 2,381,512 |
| 4,606,835 | ||
| United Arab Emirates 0.1% | ||
| Abu Dhabi Government Bond | ||
| Series Reg S | ||
| 5.00%, due 4/30/34 | 2,515,000 | 2,499,412 |
| Uzbekistan 0.2% | ||
| Navoi Mining & Metallurgical Co. (a) | ||
| 6.70%, due 10/17/28 | 500,000 | 509,872 |
| 6.75%, due 5/14/30 | 400,000 | 410,619 |
| Uzbekistan Government Bond | ||
| Series Reg S | ||
| 7.85%, due 10/12/28 | 2,165,000 | 2,270,966 |
| 3,191,457 | ||
| Total Foreign Government Bonds (Cost $95,480,859) | 96,347,137 | |
| Loan Assignments 4.6% | ||
| Automobile 0.6% | ||
| American Auto Auction Group LLC | ||
| First Lien Refinancing Term Loan | ||
| 8.232% (3 Month SOFR + 4.50%), due 5/28/32 (b) | 3,218,703 | 3,220,045 |
| LSF12 Helix Parent LLC | ||
| First Lien Term Loan B | ||
| 7.231% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 3,215,000 | 3,177,108 |
| Mavis Tire Express Services Topco Corp. | ||
| First Lien 2026-1 Incremental Term Loan | ||
| 6.92% (6 Month SOFR + 3.25%), due 5/6/33 (b) | 2,060,000 | 2,055,423 |
| Wand NewCo 3, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/30/31 (b) | 1,649,928 | 1,653,538 |
| 10,106,114 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Cargo Transport 0.1% | ||
| Genesee & Wyoming, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.482% (3 Month SOFR + 1.75%), due 4/10/31 (b) | $ 2,404,724 | $ 2,397,335 |
| Chemicals, Plastics & Rubber 0.5% | ||
| INEOS US Petrochem LLC | ||
| First Lien New Term Loan B1 | ||
| 8.081% (1 Month SOFR + 4.25%), due 4/2/29 (b) | 2,705,740 | 2,332,009 |
| Magnera Corp. | ||
| First Lien Term Loan | ||
| 8.073% (3 Month SOFR + 4.25%), due 11/4/31 (b) | 5,183,445 | 5,144,570 |
| SCIH Salt Holdings, Inc. | ||
| First Lien Term Loan B | ||
| 6.583% (1 Year SOFR + 3.00%), due 7/30/31 (b) | 1,225,000 | 1,217,726 |
| 8,694,305 | ||
| Commercial Services 0.1% | ||
| Prime Security Services Borrower LLC | ||
| First Lien 2024-1 Refinancing Term Loan B1 | ||
| 5.664% (1 Month SOFR + 2.00%), due 10/15/30 (b) | 1,774,981 | 1,769,158 |
| Diversified/Conglomerate Service 0.0% ‡ | ||
| TruGreen LP | ||
| First Lien Term Loan B | ||
| 7.766% (3 Month SOFR + 4.00%), due 11/2/27 (b) | 738,715 | 694,392 |
| Finance 0.7% | ||
| Arches Buyer, Inc. | ||
| First Lien New Term Loan | ||
| 7.081% (1 Month SOFR + 3.25%), due 12/6/27 (b) | 2,466,091 | 2,458,385 |
| Champ Acquisition Corp. | ||
| First Lien Initial Term Loan | ||
| 7.073% (3 Month SOFR + 3.25%), due 11/7/31 (b) | 1,923,747 | 1,932,163 |
| Fortress Intermediate 3, Inc. | ||
| First Lien Term Loan B | ||
| 6.675% (1 Month SOFR + 3.00%), due 6/27/31 (b) | 1,831,859 | 1,824,990 |
| Park River Holdings, Inc. | ||
| First Lien 2025 Refinancing Term Loan | ||
| 8.225% (3 Month SOFR + 4.50%), due 3/17/31 (b) | 1,781,070 | 1,779,855 |
| QTS Thunder Managing Issuer LLC | ||
| First Lien Term Loan B | ||
| 6.025% (1 Year SOFR + 2.25%), due 7/22/33 (b) | 2,570,000 | 2,529,522 |
| Rand Parent LLC | ||
| First Lien Add-on Term Loan B | ||
| 7.004% (1 Year SOFR + 3.00%), due 3/18/30 (b) | 1,260,000 | 1,260,000 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Finance | ||
| SCIL USA Holdings LLC | ||
| First Lien Facility Term Loan B-2 | ||
| 7.653% (3 Month SOFR + 4.00%), due 11/8/32 (b) | $ 1,785,000 | $ 1,789,463 |
| 13,574,378 | ||
| Healthcare 0.2% | ||
| Chariot Buyer LLC | ||
| First Lien Amendment No. 5 Incremental Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 9/8/32 (b) | 3,223,719 | 3,225,330 |
| Healthcare & Pharmaceuticals 0.2% | ||
| Ensemble RCM LLC | ||
| First Lien Closing Date Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 2/9/33 (b) | 3,235,000 | 3,220,442 |
| High Tech Industries 0.3% | ||
| Ahead DB Holdings LLC | ||
| First Lien Term Loan B3 | ||
| 6.232% (3 Month SOFR + 2.50%), due 2/3/31 (b) | 1,532,226 | 1,519,202 |
| Gryphon Acquire NewCo LLC | ||
| First Lien Term Loan | ||
| 6.414% (3 Month SOFR + 2.75%), due 9/13/32 (b) | 3,200,977 | 3,205,977 |
| 4,725,179 | ||
| Insurance 0.1% | ||
| Goosehead Insurance Holdings LLC | ||
| First Lien Term Loan B | ||
| 6.67% (1 Month SOFR + 3.00%), due 1/8/32 (b) | 1,790,490 | 1,768,109 |
| Machinery (Non-Agriculture, Non-Construct & Non-Electronic) 0.2% | ||
| Columbus McKinnon Corp. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 2/3/33 (b) | 3,245,785 | 3,253,899 |
| Manufacturing 0.1% | ||
| Sword Purchaser LLC | ||
| First Lien Initial Dollar Term Loan | ||
| 7.731% (1 Month SOFR + 4.00%), due 4/11/33 (b) | 1,820,000 | 1,748,716 |
| Media 0.3% | ||
| DIRECTV Financing LLC | ||
| First Lien 2026 Refinancing Facility Term Loan B | ||
| 8.323% (3 Month SOFR + 4.50%), due 8/2/29 (b) | 3,581,804 | 3,600,272 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Media | ||
| Virgin Media Bristol LLC | ||
| First Lien Facility Advance Term Loan Q | ||
| 7.041% (1 Month SOFR + 3.25%), due 1/31/29 (b) | $ 2,900,000 | $ 2,598,400 |
| 6,198,672 | ||
| Oil & Gas 0.1% | ||
| Compass Power Generation LLC | ||
| First Lien Term Loan B5 | ||
| 6.231% (1 Month SOFR + 2.50%), due 4/16/29 (b) | 1,760,588 | 1,759,487 |
| Personal Transportation 0.1% | ||
| First Student Bidco, Inc. | ||
| First Lien Initial Term Loan B | ||
| 5.982% (3 Month SOFR + 2.25%), due 8/15/30 (b) | 1,301,063 | 1,301,760 |
| Retail Store 0.3% | ||
| Harbor Freight Tools USA, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 6/11/31 (b) | 1,774,726 | 1,772,507 |
| White Cap Supply Holdings LLC | ||
| First Lien Tranche Term Loan D | ||
| 7.144% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 3,210,000 | 3,199,786 |
| 4,972,293 | ||
| Services: Business 0.3% | ||
| Beach Acquisition Bidco LLC | ||
| First Lien Tranche Term Loan B1 | ||
| 6.481% (1 Month SOFR + 2.75%), due 9/13/32 (b) | 1,094,507 | 1,098,839 |
| Raven Acquisition Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/19/31 (b) | 1,614,534 | 1,603,343 |
| Ryan LLC | ||
| First Lien 2025 Refinancing Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 11/5/32 (b) | 600,000 | 600,300 |
| Staples, Inc. | ||
| First Lien Closing Date Term Loan | ||
| 9.413% (3 Month SOFR + 5.75%), due 9/4/29 (b) | 2,113,489 | 1,963,695 |
| 5,266,177 | ||
| Services: Consumer 0.3% | ||
| Metropolis Technologies, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.916% (3 Month SOFR + 5.25%), due 11/3/32 (b) | 3,325,258 | 3,267,066 |
| Ping Identity Holding Corp. | ||
| First Lien Initial Term Loan | ||
| 6.426% (1 Month SOFR + 2.75%), due 11/15/32 (b) | 2,693,250 | 2,639,385 |
| 5,906,451 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Software 0.1% | ||
| OPAL US LLC | ||
| First Lien Facility Term Loan B6 | ||
| 6.232% (3 Month SOFR + 2.50%), due 4/28/32 (b) | $ 2,481,281 | $ 2,485,418 |
| Total Loan Assignments (Cost $83,775,098) | 83,067,615 | |
| Mortgage-Backed Securities 24.5% | ||
| Agency (Collateralized Mortgage Obligations) 3.0% | ||
| FHLMC | ||
| REMIC, Series 5021, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.55%), due 10/25/50 (b)(i) | 2,674,263 | 29,428 |
| REMIC, Series 5200, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.50%), due 2/25/52 (b)(i) | 2,002,254 | 16,584 |
| REMIC, Series 5351, Class EO | ||
| (zero coupon), due 10/25/53 | 1,677,684 | 1,317,120 |
| REMIC, Series 5357, Class OE | ||
| (zero coupon), due 11/25/53 | 534,062 | 439,118 |
| REMIC, Series 5363 | ||
| (zero coupon), due 12/25/53 | 631,373 | 518,439 |
| REMIC, Series 4839, Class WO | ||
| (zero coupon), due 8/15/56 | 857,320 | 521,454 |
| REMIC, Series 4993, Class KS | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 7/25/50 (b)(i) | 3,957,784 | 420,346 |
| REMIC, Series 5031, Class IQ | ||
| 2.50%, due 10/25/50 (i) | 1,306,538 | 202,694 |
| REMIC, Series 5038, Class IB | ||
| 2.50%, due 10/25/50 (i) | 807,023 | 123,737 |
| REMIC, Series 5205, Class KI | ||
| 3.00%, due 12/25/48 (i) | 1,142,547 | 110,786 |
| REMIC, Series 5152, Class BI | ||
| 3.00%, due 7/25/50 (i) | 2,821,354 | 485,477 |
| REMIC, Series 5023, Class LI | ||
| 3.00%, due 10/25/50 (i) | 980,860 | 150,199 |
| REMIC, Series 5094, Class IP | ||
| 3.00%, due 4/25/51 (i) | 1,357,415 | 215,036 |
| REMIC, Series 5155, Class KI | ||
| 3.00%, due 10/25/51 (i) | 3,341,476 | 491,491 |
| REMIC, Series 5160 | ||
| 3.00%, due 10/25/51 (i) | 1,568,655 | 167,348 |
| REMIC, Series 5167, Class GI | ||
| 3.00%, due 11/25/51 (i) | 3,250,719 | 525,582 |
| REMIC, Series 5191 | ||
| 3.50%, due 9/25/50 (i) | 1,726,282 | 330,619 |
| REMIC, Series 5036 | ||
| 3.50%, due 11/25/50 (i) | 2,123,579 | 458,528 |
| REMIC, Series 5040 | ||
| 3.50%, due 11/25/50 (i) | 1,054,252 | 186,520 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FHLMC MSCR Trust (a)(b) | ||
| REMIC, Series 2026-MN13, Class M2 | ||
| 6.566% (SOFR 30A + 2.95%), due 3/25/46 | $ 1,735,000 | $ 1,748,906 |
| REMIC, Series 2026-MN14, Class B1 | ||
| 7.916% (SOFR 30A + 4.30%), due 6/25/46 | 2,680,000 | 2,683,329 |
| REMIC, Series 2026-MN13, Class B1 | ||
| 8.116% (SOFR 30A + 4.50%), due 3/25/46 | 1,490,000 | 1,500,631 |
| FHLMC, Strips (i) | ||
| Series 311, Class S1 | ||
| 2.21% (-1 x SOFR 30A + 5.836%), due 8/15/43 (b) | 3,429,324 | 281,160 |
| Series 397, Class C61 | ||
| 5.50%, due 1/25/53 | 2,255,547 | 475,651 |
| FNMA | ||
| REMIC, Series 2018-17, Class CS | ||
| (zero coupon) (-1 x SOFR 30A + 3.336%), due 3/25/48 (b)(i) | 34,773,956 | 167,384 |
| REMIC, Series 2023-70, Class AO | ||
| (zero coupon), due 3/25/53 | 834,787 | 666,302 |
| REMIC, Series 2023-45 | ||
| (zero coupon), due 10/25/53 | 985,711 | 789,799 |
| REMIC, Series 2022-10, Class SA | ||
| 2.134% (-1 x SOFR 30A + 5.75%), due 2/25/52 (b)(i) | 1,908,617 | 181,749 |
| REMIC, Series 2025-103, Class SA | ||
| 2.214% (-1 x SOFR 30A + 5.83%), due 6/25/55 (b)(i) | 6,342,396 | 352,500 |
| REMIC, Series 2016-57, Class SN | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 6/25/46 (b)(i) | 1,544,959 | 133,937 |
| REMIC, Series 2019-32, Class SB | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 6/25/49 (b)(i) | 1,156,548 | 102,062 |
| REMIC, Series 2020-23, Class PS | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 2/25/50 (b)(i) | 2,099,593 | 205,719 |
| REMIC, Series 2016-19, Class SD | ||
| 2.369% (-1 x SOFR 30A + 5.986%), due 4/25/46 (b)(i) | 2,830,540 | 201,435 |
| REMIC, Series 2021-3, Class TI | ||
| 2.50%, due 2/25/51 (i) | 3,474,343 | 573,681 |
| REMIC, Series 2021-12, Class JI | ||
| 2.50%, due 3/25/51 (i) | 1,568,046 | 242,517 |
| REMIC, Series 2021-34, Class MI | ||
| 2.50%, due 3/25/51 (i) | 4,035,309 | 521,580 |
| REMIC, Series 2021-54, Class HI | ||
| 2.50%, due 6/25/51 (i) | 539,612 | 60,642 |
| REMIC, Series 2021-85, Class BI | ||
| 3.00%, due 12/25/51 (i) | 3,545,328 | 612,225 |
| REMIC, Series 2021-8, Class ID | ||
| 3.50%, due 3/25/51 (i) | 4,268,514 | 917,910 |
| REMIC, Series 2025-31, Class ZJ | ||
| 5.00%, due 6/25/54 | 3,193,069 | 2,999,741 |
| FNMA, Strips (i) | ||
| Series 426, Class C32 | ||
| 1.50%, due 2/25/52 | 5,810,786 | 542,020 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FNMA, Strips (i) | ||
| Series 440, Class C46 | ||
| 4.00%, due 10/25/53 | $ 5,543,531 | $ 1,214,954 |
| Series 438, Class C34 | ||
| 6.00%, due 8/25/53 | 2,709,450 | 633,656 |
| GNMA | ||
| REMIC, Series 2020-1, Class YS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.716%), due 1/20/50 (b)(i) | 3,003,394 | 19,716 |
| REMIC, Series 2020-129, Class SB | ||
| (zero coupon) (-1 x 1 Month SOFR + 3.086%), due 9/20/50 (b)(i) | 3,745,509 | 22,521 |
| REMIC, Series 2021-16, Class AS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.636%), due 1/20/51 (b)(i) | 6,177,224 | 34,259 |
| REMIC, Series 2021-29, Class AS | ||
| (zero coupon) (-1 x SOFR 30A + 2.70%), due 2/20/51 (b)(i) | 5,787,796 | 35,025 |
| REMIC, Series 2021-205, Class DS | ||
| (zero coupon) (-1 x SOFR 30A + 3.20%), due 11/20/51 (b)(i) | 7,210,633 | 73,814 |
| REMIC, Series 2021-226, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 1.70%), due 12/20/51 (b)(i) | 4,950,582 | 7,096 |
| REMIC, Series 2022-87, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 5/20/52 (b)(i) | 6,057,137 | 44,670 |
| REMIC, Series 2022-101, Class SB | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 6/20/52 (b)(i) | 3,033,560 | 16,729 |
| REMIC, Series 2022-107, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.47%), due 6/20/52 (b)(i) | 15,271,639 | 102,186 |
| REMIC, Series 2023-66, Class OQ | ||
| (zero coupon), due 7/20/52 | 1,635,119 | 1,299,895 |
| REMIC, Series 2023-53 | ||
| (zero coupon), due 4/20/53 | 451,620 | 358,777 |
| REMIC, Series 2023-101, Class EO | ||
| (zero coupon), due 7/20/53 | 565,365 | 465,412 |
| REMIC, Series 2021-158, Class SB | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 9/20/51 (b)(i) | 3,859,732 | 58,772 |
| REMIC, Series 2022-78, Class S | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 4/20/52 (b)(i) | 3,289,656 | 31,634 |
| REMIC, Series 2022-121, Class SG | ||
| 0.349% (-1 x SOFR 30A + 3.97%), due 7/20/52 (b)(i) | 6,137,111 | 63,228 |
| REMIC, Series 2020-166, Class IC | ||
| 2.00%, due 11/20/50 (i) | 1,152,147 | 135,601 |
| REMIC, Series 2020-188 | ||
| 2.00%, due 12/20/50 (i) | 2,507,300 | 275,981 |
| REMIC, Series 2021-30, Class HI | ||
| 2.00%, due 2/20/51 (i) | 4,817,245 | 515,670 |
| REMIC, Series 2021-205, Class GA | ||
| 2.00%, due 11/20/51 | 347,889 | 279,223 |
| REMIC, Series 2020-34, Class SC | ||
| 2.266% (-1 x 1 Month SOFR + 5.936%), due 3/20/50 (b)(i) | 1,603,924 | 157,498 |
| REMIC, Series 2020-96, Class CS | ||
| 2.316% (-1 x 1 Month SOFR + 5.986%), due 8/20/49 (b)(i) | 6,924,462 | 693,105 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2025-131, Class S | ||
| 2.429% (-1 x SOFR 30A + 6.05%), due 8/20/55 (b)(i) | $ 4,938,575 | $ 363,887 |
| REMIC, Series 2021-56, Class FE | ||
| 2.50% (SOFR 30A + 0.20%), due 10/20/50 (b)(i) | 3,361,412 | 475,671 |
| REMIC, Series 2021-1, Class PI | ||
| 2.50%, due 12/20/50 (i) | 877,975 | 127,641 |
| REMIC, Series 2021-137, Class HI | ||
| 2.50%, due 8/20/51 (i) | 2,388,520 | 326,006 |
| REMIC, Series 2021-188 | ||
| 2.50%, due 10/20/51 (i) | 4,278,641 | 678,792 |
| REMIC, Series 2020-146, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 10/20/50 (b)(i) | 2,020,097 | 223,797 |
| REMIC, Series 2020-167, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(i) | 1,102,654 | 124,581 |
| REMIC, Series 2021-179, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(i) | 3,213,025 | 374,062 |
| REMIC, Series 2020-189, Class NS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 12/20/50 (b)(i) | 3,764,418 | 440,999 |
| REMIC, Series 2020-189, Class SU | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 12/20/50 (b)(i) | 1,153,009 | 135,827 |
| REMIC, Series 2021-46, Class TS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(i) | 1,554,133 | 168,531 |
| REMIC, Series 2021-57, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(i) | 5,196,911 | 558,272 |
| REMIC, Series 2021-57, Class SD | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(i) | 10,497,226 | 1,194,741 |
| REMIC, Series 2021-96, Class NS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(i) | 4,528,080 | 485,016 |
| REMIC, Series 2021-96, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(i) | 2,779,843 | 265,869 |
| REMIC, Series 2021-122, Class HS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 7/20/51 (b)(i) | 3,149,126 | 361,310 |
| REMIC, Series 2021-135, Class GS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 8/20/51 (b)(i) | 5,414,662 | 606,051 |
| REMIC, Series 2021-96, Class JS | ||
| 2.566% (-1 x 1 Month SOFR + 6.236%), due 6/20/51 (b)(i) | 2,627,760 | 312,816 |
| REMIC, Series 2021-1, Class IT | ||
| 3.00%, due 1/20/51 (i) | 3,267,024 | 551,360 |
| REMIC, Series 2021-67, Class PI | ||
| 3.00%, due 4/20/51 (i) | 1,970,601 | 324,342 |
| REMIC, Series 2021-74, Class HI | ||
| 3.00%, due 4/20/51 (i) | 406,173 | 58,629 |
| REMIC, Series 2021-98, Class IN | ||
| 3.00%, due 6/20/51 (i) | 1,382,776 | 243,419 |
| REMIC, Series 2024-48, Class JI | ||
| 3.00%, due 7/20/51 (i) | 3,889,139 | 669,993 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2022-207 | ||
| 3.00%, due 8/20/51 (i) | $ 2,389,315 | $ 406,785 |
| REMIC, Series 2021-177, Class IM | ||
| 3.00%, due 10/20/51 (i) | 2,421,127 | 403,298 |
| REMIC, Series 2023-86, Class SE | ||
| 3.029% (-1 x SOFR 30A + 6.65%), due 9/20/50 (b)(i) | 2,020,297 | 267,598 |
| REMIC, Series 2016-93, Class AI | ||
| 4.50%, due 7/20/44 (i) | 2,835,000 | 623,804 |
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-01, Class M2 | ||
| 6.716% (SOFR 30A + 3.10%), due 5/25/55 | 1,620,000 | 1,644,318 |
| Series 2025-01, Class B1 | ||
| 8.816% (SOFR 30A + 5.20%), due 5/25/55 | 5,305,000 | 5,573,929 |
| Series 2019-01, Class B10 | ||
| 9.231% (SOFR 30A + 5.614%), due 10/25/49 | 3,400,000 | 3,445,567 |
| Series 2020-01, Class CE | ||
| 11.231% (SOFR 30A + 7.614%), due 3/25/50 | 2,090,000 | 2,157,141 |
| Series 2019-01, Class CE | ||
| 12.481% (SOFR 30A + 8.864%), due 10/25/49 | 1,500,000 | 1,528,375 |
| 54,333,235 | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) 11.8% | ||
| Alen Mortgage Trust | ||
| Series 2021-ACEN, Class A | ||
| 4.941% (1 Month SOFR + 1.264%), due 4/15/34 (a)(b) | 3,210,000 | 3,049,468 |
| BAMLL Commercial Mortgage Securities Trust (a) | ||
| Series 2016-ISQ, Class A | ||
| 2.848%, due 8/14/34 | 4,090,000 | 2,897,929 |
| Series 2014-520M, Class A | ||
| 4.185%, due 8/15/46 (j) | 4,220,000 | 3,790,193 |
| BANK | ||
| Series 2017-BNK8, Class D | ||
| 2.60%, due 11/15/50 (a) | 1,100,000 | 643,674 |
| Series 2017-BNK8, Class B | ||
| 3.944%, due 11/15/50 (j) | 1,500,000 | 1,401,578 |
| BBSG Mortgage Trust | ||
| Series 2016-MRP, Class A | ||
| 3.275%, due 6/5/36 (a) | 3,500,000 | 3,211,320 |
| Benchmark Mortgage Trust | ||
| Series 2020-B21, Class E | ||
| 2.00%, due 12/17/53 (a) | 2,300,000 | 1,296,107 |
| Series 2018-B6, Class D | ||
| 3.084%, due 10/10/51 (a)(j) | 4,020,000 | 3,028,533 |
| Series 2020-B17, Class C | ||
| 3.371%, due 3/15/53 (c) | 1,910,000 | 1,441,859 |
| Series 2019-B14, Class C | ||
| 3.771%, due 12/15/62 (j) | 2,880,000 | 2,060,689 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| BF Mortgage Trust | ||
| Series 2019-NYT, Class F | ||
| 6.974% (1 Month SOFR + 3.297%), due 12/15/35 (a)(b) | $ 3,438,000 | $ 2,631,445 |
| BFLD Commercial Mortgage Trust | ||
| Series 2025-5MW, Class D | ||
| 6.371%, due 10/10/42 (a)(j) | 3,000,000 | 3,014,478 |
| BLP Commercial Mortgage Trust | ||
| Series 2023-IND, Class F | ||
| 7.863% (1 Month SOFR + 4.187%), due 3/15/40 (a)(b) | 4,700,538 | 4,724,041 |
| BOFAS Re-REMIC Trust (a)(c) | ||
| Series 2026-FRR8, Class B746 | ||
| 2.483%, due 4/27/54 | 2,286,000 | 2,093,680 |
| Series 2026-FRR8, Class C746 | ||
| 2.506%, due 4/27/54 | 1,665,000 | 1,517,576 |
| BWAY Mortgage Trust | ||
| Series 2013-1515, Class B | ||
| 3.473%, due 3/10/33 (a) | 4,860,000 | 4,606,047 |
| BX Commercial Mortgage Trust (a) | ||
| Series 2019-IMC, Class F | ||
| 6.622% (1 Month SOFR + 2.946%), due 4/15/34 (b) | 3,800,000 | 3,716,605 |
| Series 2026-VLT9, Class D | ||
| 6.926% (1 Month SOFR + 3.25%), due 3/15/45 (b) | 4,000,000 | 3,990,009 |
| Series 2024-VLT5, Class E | ||
| 7.872%, due 11/13/46 (j) | 4,480,000 | 4,426,068 |
| Series 2024-BRBK, Class D | ||
| 9.676% (1 Month SOFR + 5.971%), due 10/15/41 (b) | 1,840,000 | 1,830,836 |
| BX Trust (a) | ||
| Series 2025-ARIA, Class C | ||
| 5.517%, due 12/13/42 (j) | 3,040,000 | 3,007,413 |
| Series 2025-VOLT, Class B | ||
| 5.776% (1 Month SOFR + 2.10%), due 12/15/44 (b) | 3,335,000 | 3,336,037 |
| Series 2025-LIFE, Class A | ||
| 5.884%, due 6/13/47 (j) | 3,125,000 | 3,053,314 |
| Series 2025-VLT7, Class E | ||
| 7.426% (1 Month SOFR + 3.75%), due 7/15/44 (b) | 1,600,000 | 1,602,957 |
| CAMB Commercial Mortgage Trust | ||
| Series 2021-CX2, Class D | ||
| 2.771%, due 11/10/46 (a)(j) | 2,000,000 | 1,395,643 |
| CFCRE Commercial Mortgage Trust | ||
| Series 2016-C4, Class D | ||
| 4.417%, due 5/10/58 (a)(j) | 2,150,000 | 2,085,478 |
| Citigroup Commercial Mortgage Trust | ||
| Series 2018-B2, Class D | ||
| 3.143%, due 3/10/51 (a)(j) | 3,585,000 | 2,600,897 |
| Series 2015-GC35, Class AS | ||
| 4.072%, due 11/10/48 (c) | 1,165,000 | 1,098,603 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| Commercial Mortgage Trust (a) | ||
| Series 2020-CX, Class D | ||
| 2.683%, due 11/10/46 (j) | $ 2,805,000 | $ 2,167,998 |
| Series 2014-CR20, Class D | ||
| 3.222%, due 11/10/47 | 1,559,595 | 795,394 |
| Series 2016-DC2, Class D | ||
| 3.857%, due 2/10/49 (j) | 4,160,000 | 3,797,914 |
| Series 2013-CR6, Class D | ||
| 3.872%, due 3/10/46 (j) | 2,110,000 | 1,940,060 |
| Series 2018-HCLV, Class A | ||
| 4.972% (1 Month SOFR + 1.296%), due 9/15/33 (b) | 3,860,000 | 3,652,858 |
| CONE Commercial Mortgage Trust | ||
| Series 2026-ACD6, Class A | ||
| 6.063%, due 7/15/43 (a)(c) | 3,360,000 | 3,332,207 |
| CSMC OA LLC | ||
| Series 2014-USA, Class A2 | ||
| 3.953%, due 9/15/37 (a) | 2,740,000 | 2,528,672 |
| CSMC Trust | ||
| Series 2017-TIME, Class A | ||
| 3.646%, due 11/13/39 (a) | 4,000,000 | 3,831,553 |
| DBUBS Mortgage Trust | ||
| Series 2011-LC3A, Class PM2 | ||
| 5.098%, due 5/10/44 (a)(j) | 4,165,000 | 62,475 |
| Durst Commercial Mortgage Trust | ||
| Series 2025-151, Class D | ||
| 6.791%, due 8/10/42 (a)(j) | 2,795,000 | 2,853,514 |
| Extended Stay America Trust | ||
| Series 2026-ESH2, Class D | ||
| 5.926% (1 Month SOFR + 2.25%), due 2/15/43 (a)(b) | 3,044,991 | 3,062,119 |
| FHLMC MSCR Trust (a)(b) | ||
| Series 2021-MN3, Class M1 | ||
| 5.916% (SOFR 30A + 2.30%), due 11/25/51 | 299,567 | 299,602 |
| REMIC, Series 2025-MN11, Class M2 | ||
| 6.266% (SOFR 30A + 2.65%), due 7/25/45 | 3,430,000 | 3,413,658 |
| Series 2025-MN10, Class M2 | ||
| 6.466% (SOFR 30A + 2.85%), due 2/25/45 | 6,000,000 | 6,034,325 |
| Series 2024-MN9, Class M2 | ||
| 6.867% (SOFR 30A + 3.25%), due 10/25/44 | 4,435,000 | 4,485,783 |
| REMIC, Series 2024-MN8, Class M2 | ||
| 7.866% (SOFR 30A + 4.25%), due 5/25/44 | 6,585,000 | 6,873,235 |
| First Citizens Loan Trust | ||
| Series 2026-SBA1A, Class M2 | ||
| 6.33%, due 5/27/53 (a) | 3,371,450 | 3,337,307 |
| GNMA | ||
| REMIC, Series 2025-112 | ||
| 0.57%, due 3/16/66 (i)(j) | 14,398,245 | 703,030 |
| REMIC, Series 2020-177 | ||
| 0.807%, due 6/16/62 (i)(j) | 5,041,315 | 301,439 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2023-194, Class CI | ||
| 0.844%, due 10/16/65 (i)(j) | $ 6,506,986 | $ 387,844 |
| REMIC, Series 2023-159, Class CI | ||
| 0.956%, due 7/16/65 (c)(i) | 9,022,328 | 604,076 |
| REMIC, Series 2020-168, Class IA | ||
| 0.975%, due 12/16/62 (i)(j) | 4,484,094 | 314,307 |
| REMIC, Series 2021-47 | ||
| 0.992%, due 3/16/61 (i)(j) | 10,029,209 | 652,054 |
| REMIC, Series 2022-185, Class DI | ||
| 1.022%, due 10/16/65 (i)(j) | 4,667,039 | 306,207 |
| REMIC, Series 2023-172 | ||
| 1.332%, due 2/16/66 (i)(j) | 6,087,354 | 535,378 |
| REMIC, Series 2018-173, Class ZA | ||
| 3.00%, due 7/16/60 | 3,275,814 | 2,395,824 |
| GS Mortgage Securities Trust | ||
| Series 2015-GC30, Class D | ||
| 3.384%, due 5/10/50 | 6,924,500 | 4,221,868 |
| Series 2015-GC30, Class B | ||
| 3.961%, due 5/10/50 (j) | 1,027,073 | 998,828 |
| Series 2014-GC22, Class B | ||
| 4.391%, due 6/10/47 (c) | 2,000,000 | 1,548,675 |
| Series 2024-FAIR, Class D | ||
| 7.949%, due 7/15/29 (a)(j) | 3,865,000 | 3,795,799 |
| Hilton USA Trust | ||
| Series 2016-SFP, Class A | ||
| 2.828%, due 11/5/35 (a) | 1,725,000 | 1,424,850 |
| IRV Trust | ||
| Series 2025-200P, Class A | ||
| 5.295%, due 3/14/47 (a)(j) | 3,500,000 | 3,470,816 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust (a) | ||
| Series 2019-COR5, Class D | ||
| 3.00%, due 6/13/52 | 520,000 | 410,532 |
| Series 2022-NLP, Class A | ||
| 4.523% (1 Month SOFR + 0.847%), due 4/15/37 (b) | 3,982,526 | 3,950,168 |
| Series 2021-1440, Class A | ||
| 5.091% (1 Month SOFR + 1.414%), due 3/15/36 (b) | 2,180,000 | 2,049,365 |
| Series 2022-NLP, Class G | ||
| 8.201% (1 Month SOFR + 4.525%), due 4/15/37 (b) | 2,817,825 | 2,745,213 |
| JPMDB Commercial Mortgage Securities Trust | ||
| Series 2017-C7, Class D | ||
| 3.00%, due 10/15/50 (a) | 1,575,000 | 1,279,588 |
| Series 2017-C5, Class B | ||
| 4.009%, due 3/15/50 (c) | 2,870,000 | 2,395,526 |
| Life Mortgage Trust | ||
| Series 2022-BMR2, Class A1 | ||
| 4.972% (1 Month SOFR + 1.295%), due 5/15/39 (a)(b) | 4,000,000 | 3,750,000 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| LONG Trust | ||
| Series 2026-ISL, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 6/15/43 (a)(b) | $ 3,185,000 | $ 3,179,465 |
| Morgan Stanley Bank of America Merrill Lynch Trust | ||
| Series 2015-C22, Class D | ||
| 3.962%, due 4/15/48 (a)(j) | 3,650,000 | 1,441,713 |
| Morgan Stanley Capital I Trust (a) | ||
| Series 2014-150E, Class A | ||
| 3.912%, due 9/9/32 | 1,300,000 | 1,229,989 |
| Series 2021-230P, Class A | ||
| 4.96% (1 Month SOFR + 1.284%), due 12/15/38 (b) | 1,760,000 | 1,707,915 |
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2024-01, Class M10 | ||
| 7.466% (SOFR 30A + 3.85%), due 7/25/54 | 3,410,000 | 3,540,882 |
| Series 2023-01, Class M7 | ||
| 7.616% (SOFR 30A + 4.00%), due 11/25/53 | 1,703,858 | 1,751,077 |
| NCMF Trust | ||
| Series 2025-MFS, Class E | ||
| 7.529%, due 6/10/33 (a)(j) | 4,165,000 | 4,156,014 |
| NYC Commercial Mortgage Trust | ||
| Series 2025-1155, Class E | ||
| 7.358%, due 6/10/42 (a)(j) | 3,685,000 | 3,584,496 |
| PTCM Re-REMIC Trust (a)(j) | ||
| Series 2026-FRR1, Class C157 | ||
| 2.016%, due 7/25/60 | 5,000,000 | 3,396,272 |
| Series 2026-FRR1, Class C169 | ||
| 2.999%, due 3/25/62 | 3,225,000 | 2,211,146 |
| SCMS Mortgage Trust | ||
| Series 2025-BNC1, Class AS | ||
| 5.308%, due 12/15/57 (a)(c) | 2,796,000 | 2,789,099 |
| SFAVE Commercial Mortgage Securities Trust | ||
| Series 2015-5AVE, Class B | ||
| 4.388%, due 1/5/43 (a)(j) | 3,460,000 | 2,959,645 |
| SKY Trust | ||
| Series 2025-LINE, Class D | ||
| 9.61% (1 Month SOFR + 5.934%), due 4/15/42 (a)(b) | 1,172,922 | 1,183,822 |
| SWCH Commercial Mortgage Trust | ||
| Series 2025-DATA, Class A | ||
| 5.119% (1 Month SOFR + 1.443%), due 2/15/42 (a)(b) | 1,930,000 | 1,915,573 |
| UBS Commercial Mortgage Trust (j) | ||
| Series 2019-C18, Class C | ||
| 3.918%, due 12/15/52 | 1,621,000 | 1,342,290 |
| Series 2018-C9, Class C | ||
| 4.942%, due 3/15/51 | 3,115,000 | 1,838,428 |
| WB Commercial Mortgage Trust (a)(j) | ||
| Series 2024-HQ, Class A | ||
| 5.937%, due 3/15/40 | 2,300,000 | 2,303,476 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| WB Commercial Mortgage Trust (a)(j) | ||
| Series 2024-HQ, Class B | ||
| 6.42%, due 3/15/40 | $ 2,000,000 | $ 2,003,020 |
| Wells Fargo Commercial Mortgage Trust | ||
| Series 2016-NXS5, Class D | ||
| 4.796%, due 1/15/59 (j) | 4,827,000 | 2,172,150 |
| WP Glimcher Mall Trust | ||
| Series 2015-WPG, Class C | ||
| 3.516%, due 6/5/35 (a)(j) | 1,940,000 | 1,473,508 |
| 210,442,518 | ||
| Whole Loan (Collateralized Mortgage Obligations) 9.7% | ||
| Angel Oak Mortgage Trust | ||
| Series 2024-13, Class M1A | ||
| 6.439%, due 12/26/69 (a)(c) | 5,442,000 | 5,479,395 |
| Aspire Mortgage Trust | ||
| Series 2026-1, Class A1 | ||
| 4.855%, due 1/25/66 (a)(c) | 2,678,411 | 2,643,791 |
| BRAVO Residential Funding Trust | ||
| Series 2024-NQM8, Class A1A | ||
| 4.30%, due 8/1/53 (a)(d) | 1,089,311 | 1,066,795 |
| CIM Trust (a)(c) | ||
| Series 2021-J2, Class AS | ||
| 0.21%, due 4/25/51 (i) | 40,536,499 | 500,018 |
| Series 2019-INV1, Class B4 | ||
| 5.025%, due 2/25/49 | 2,469,881 | 2,303,135 |
| Citigroup Mortgage Loan Trust (a)(c) | ||
| Series 2014-C, Class B3 | ||
| 4.25%, due 2/25/54 | 3,125,000 | 2,596,668 |
| Series 2025-4, Class A2 | ||
| 5.50%, due 10/25/55 | 1,287,305 | 1,263,772 |
| Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-R01, Class 1M2 | ||
| 5.116% (SOFR 30A + 1.50%), due 1/25/45 | 4,500,000 | 4,506,992 |
| Series 2021-R03, Class 1M2 | ||
| 5.266% (SOFR 30A + 1.65%), due 12/25/41 | 4,793,299 | 4,802,311 |
| Series 2024-R05, Class 2M2 | ||
| 5.316% (SOFR 30A + 1.70%), due 7/25/44 | 1,805,198 | 1,808,592 |
| Series 2025-R01, Class 1B1 | ||
| 5.316% (SOFR 30A + 1.70%), due 1/25/45 | 1,120,000 | 1,121,775 |
| Series 2024-R03, Class 2M2 | ||
| 5.566% (SOFR 30A + 1.95%), due 3/25/44 | 1,865,000 | 1,878,964 |
| Series 2025-R02, Class 1B1 | ||
| 5.566% (SOFR 30A + 1.95%), due 2/25/45 | 1,460,000 | 1,472,648 |
| Series 2024-R05, Class 2B1 | ||
| 5.616% (SOFR 30A + 2.00%), due 7/25/44 | 2,100,000 | 2,119,638 |
| Series 2021-R03, Class 1B1 | ||
| 6.366% (SOFR 30A + 2.75%), due 12/25/41 | 870,000 | 875,777 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2023-R05, Class 1M2 | ||
| 6.716% (SOFR 30A + 3.10%), due 6/25/43 | $ 3,025,000 | $ 3,124,098 |
| Series 2023-R07, Class 2M2 | ||
| 6.866% (SOFR 30A + 3.25%), due 9/25/43 | 2,780,000 | 2,858,905 |
| Series 2023-R03, Class 2M2 | ||
| 7.516% (SOFR 30A + 3.90%), due 4/25/43 | 6,161,732 | 6,423,031 |
| Series 2021-R03, Class 1B2 | ||
| 9.116% (SOFR 30A + 5.50%), due 12/25/41 | 1,900,000 | 1,930,973 |
| Series 2021-R01, Class 1B2 | ||
| 9.616% (SOFR 30A + 6.00%), due 10/25/41 | 214 | 216 |
| Series 2022-R01, Class 1B2 | ||
| 9.616% (SOFR 30A + 6.00%), due 12/25/41 | 3,848,000 | 3,917,271 |
| Series 2022-R02, Class 2B2 | ||
| 11.266% (SOFR 30A + 7.65%), due 1/25/42 | 3,710,000 | 3,818,667 |
| Series 2019-HRP1, Class B1 | ||
| 12.981% (SOFR 30A + 9.364%), due 11/25/39 | 4,071,923 | 4,170,950 |
| FHLMC STACR REMIC Trust (a)(b) | ||
| Series 2025-DNA2, Class M1 | ||
| 4.816% (SOFR 30A + 1.20%), due 5/25/45 | 898,721 | 898,712 |
| Series 2025-DNA1, Class M2 | ||
| 4.966% (SOFR 30A + 1.35%), due 1/25/45 | 3,230,000 | 3,229,999 |
| Series 2025-HQA1, Class M2 | ||
| 5.266% (SOFR 30A + 1.65%), due 2/25/45 | 2,185,000 | 2,197,286 |
| Series 2022-DNA2, Class B1 | ||
| 8.366% (SOFR 30A + 4.75%), due 2/25/42 | 3,000,000 | 3,058,447 |
| Series 2021-HQA1, Class B2 | ||
| 8.616% (SOFR 30A + 5.00%), due 8/25/33 | 4,500,000 | 5,359,509 |
| Series 2020-HQA1, Class B2 | ||
| 8.831% (SOFR 30A + 5.214%), due 1/25/50 | 2,940,000 | 3,243,233 |
| Series 2022-HQA1, Class M2 | ||
| 8.866% (SOFR 30A + 5.25%), due 3/25/42 | 1,080,000 | 1,108,058 |
| Series 2021-DNA5, Class B2 | ||
| 9.116% (SOFR 30A + 5.50%), due 1/25/34 | 3,780,000 | 4,607,906 |
| Series 2022-HQA1, Class B1 | ||
| 10.616% (SOFR 30A + 7.00%), due 3/25/42 | 2,500,000 | 2,589,075 |
| Series 2022-DNA1, Class B2 | ||
| 10.716% (SOFR 30A + 7.10%), due 1/25/42 | 2,010,000 | 2,064,195 |
| Series 2022-DNA2, Class B2 | ||
| 12.116% (SOFR 30A + 8.50%), due 2/25/42 | 1,300,000 | 1,351,548 |
| FHLMC STACR Securitized Participation Interests Trust | ||
| REMIC, Series 2018-SPI3, Class B | ||
| 4.161%, due 8/25/48 (a)(c) | 4,640,631 | 3,754,925 |
| FHLMC STACR Trust (a)(b) | ||
| REMIC, Series 2019-FTR3, Class B2 | ||
| 8.531% (SOFR 30A + 4.914%), due 9/25/47 | 3,913,000 | 4,302,493 |
| REMIC, Series 2019-DNA3, Class B2 | ||
| 11.881% (SOFR 30A + 8.264%), due 7/25/49 | 2,475,000 | 2,706,713 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| FHLMC STACR Trust (a)(b) | ||
| REMIC, Series 2019-FTR1, Class B2 | ||
| 12.081% (SOFR 30A + 8.464%), due 1/25/48 | $ 6,290,000 | $ 7,408,425 |
| REMIC, Series 2019-HQA2, Class B2 | ||
| 14.981% (SOFR 30A + 11.364%), due 4/25/49 | 6,818,500 | 8,016,033 |
| J.P. Morgan Mortgage Trust (a) | ||
| Series 2021-11, Class AX1 | ||
| 0.216%, due 1/25/52 (i)(j) | 57,263,156 | 717,244 |
| Series 2022-1, Class B3 | ||
| 3.084%, due 7/25/52 (j) | 2,890,675 | 2,318,990 |
| Series 2025-NQM4, Class A1F | ||
| 4.816% (SOFR 30A + 1.20%), due 3/25/66 (b) | 861,122 | 860,065 |
| loanDepot GMSR Master Trust | ||
| Series 2025-GT2, Class A | ||
| 6.82% (1 Month SOFR + 3.15%), due 7/16/30 (a)(b) | 3,280,000 | 3,285,725 |
| Mill City Mortgage Loan Trust (a)(c) | ||
| Series 2018-4, Class B4 | ||
| 3.099%, due 4/25/66 | 1,732,975 | 1,034,855 |
| Series 2018-3, Class B2 | ||
| 3.25%, due 8/25/58 | 6,236,704 | 4,686,414 |
| Series 2018-3, Class B4 | ||
| 3.653%, due 8/25/58 | 1,112,628 | 717,471 |
| Morgan Stanley Residential Mortgage Loan Trust | ||
| Series 2025-SPL1, Class A1 | ||
| 4.25%, due 2/25/65 (a)(c) | 3,443,862 | 3,320,531 |
| New Residential Mortgage Loan Trust (a) | ||
| Series 2024-RPL1, Class B1 | ||
| 3.863%, due 1/25/64 (j) | 2,800,000 | 2,288,066 |
| Series 2019-RPL3, Class B5 | ||
| 3.962%, due 7/25/59 (c) | 3,424,281 | 2,247,786 |
| OBX Trust (a) | ||
| Series 2025-R1, Class A1 | ||
| 4.94%, due 9/25/62 (d) | 2,349,333 | 2,317,088 |
| Series 2026-J1, Class AF | ||
| 4.966% (SOFR 30A + 1.35%), due 2/25/56 (b) | 3,798,723 | 3,801,015 |
| PMT Loan Trust | ||
| Series 2025-J4, Class A35 | ||
| 5.016% (SOFR 30A + 1.40%), due 12/1/56 (a)(b) | 2,734,087 | 2,744,207 |
| Sequoia Mortgage Trust | ||
| Series 2024-4, Class B4 | ||
| 6.494%, due 5/25/54 (a)(j) | 1,453,875 | 1,442,687 |
| STACR Trust (a)(b) | ||
| Series 2018-HRP2, Class B2 | ||
| 14.231% (SOFR 30A + 10.614%), due 2/25/47 | 4,295,000 | 5,107,013 |
| Series 2018-HRP1, Class B2 | ||
| 15.481% (SOFR 30A + 11.864%), due 5/25/43 | 6,640,356 | 7,673,242 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| Towd Point Mortgage Trust (a)(c) | ||
| Series 2018-2, Class B5 | ||
| 3.613%, due 3/25/58 | $ 7,274,754 | $ 3,420,631 |
| Series 2017-4, Class B5 | ||
| 3.636%, due 6/25/57 | 1,413,798 | 981,880 |
| Series 2026-1, Class A1A | ||
| 4.131%, due 1/25/66 | 2,929,373 | 2,879,421 |
| Verus Securitization Trust (a)(c) | ||
| Series 2026-R1, Class A1 | ||
| 4.832%, due 10/25/67 | 2,803,527 | 2,758,294 |
| Series 2025-R2, Class A1 | ||
| 5.086%, due 7/25/67 | 2,897,807 | 2,866,572 |
| 174,050,136 | ||
| Total Mortgage-Backed Securities (Cost $449,244,779) | 438,825,889 | |
| U.S. Government & Federal Agencies 18.6% | ||
| Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Securities) 0.5% | ||
| UMBS Pool, 30 Year | ||
| 5.00%, due 7/1/40 | 6,517,052 | 6,492,307 |
| 5.00%, due 12/1/55 | 2,641,289 | 2,563,337 |
| 9,055,644 | ||
| Federal National Mortgage Association (Mortgage Pass-Through Securities) 1.2% | ||
| UMBS, 30 Year | ||
| 5.00%, due 9/1/53 | 8,010,172 | 7,771,177 |
| 5.00%, due 12/1/54 | 5,454,195 | 5,274,698 |
| 5.50%, due 5/1/54 | 2,996,258 | 2,971,954 |
| 5.50%, due 2/1/55 | 4,606,849 | 4,565,349 |
| 20,583,178 | ||
| Government National Mortgage Association (Mortgage Pass-Through Security) 0.3% | ||
| GNMA I, Other | ||
| 5.72%, due 6/15/53 | 5,120,000 | 5,095,262 |
| United States Treasury Bonds 1.1% | ||
| U.S. Treasury Bonds | ||
| 5.00%, due 5/15/46 | 19,425,000 | 18,790,653 |
| 5.00%, due 5/15/56 | 1,735,000 | 1,668,853 |
| 20,459,506 | ||
| United States Treasury Notes 15.5% | ||
| U.S. Treasury Notes | ||
| 4.25%, due 7/31/28 | 4,590,000 | 4,588,386 |
| 4.375%, due 7/31/31 | 25,880,000 | 25,821,366 |
| Principal Amount | Value | ||
| U.S. Government & Federal Agencies | |||
| United States Treasury Notes | |||
| U.S. Treasury Notes | |||
| 4.375%, due 7/31/33 | $ 159,115,000 | $ 157,300,095 | |
| 4.375%, due 5/15/36 | 93,330,000 | 90,880,087 | |
| 278,589,934 | |||
| Total U.S. Government & Federal Agencies (Cost $337,415,175) | 333,783,524 | ||
| Total Long-Term Bonds (Cost $1,798,445,288) | 1,771,089,943 | ||
| Shares | |||
| Common Stocks 0.0% ‡ | |||
| Commercial Services & Supplies 0.0% ‡ | |||
| Quad/Graphics, Inc. | 14 | 146 | |
| Total Common Stocks (Cost $0) | 146 | ||
| Short-Term Investments 2.2% | |||
| Affiliated Investment Company 1.1% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (k) | 19,968,237 | 19,968,237 | |
| Unaffiliated Investment Companies 1.1% | |||
| Goldman Sachs Financial Square Government Fund, 3.67% (k)(l) | 1,000,000 | 1,000,000 | |
| Invesco Government & Agency Portfolio, 3.742% (k)(l) | 17,630,113 | 17,630,113 | |
| 18,630,113 | |||
| Total Short-Term Investments (Cost $38,598,350) | 38,598,350 | ||
| Total Investments (Cost $1,837,043,638) | 100.9% | 1,809,688,439 | |
| Other Assets, Less Liabilities | (0.9) | (15,669,192) | |
| Net Assets | 100.0% | $ 1,794,019,247 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (e) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $18,112,283; the total market value of collateral held by the Fund was $19,515,827. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $885,714. The Fund received cash collateral with a value of $18,630,113. |
| (f) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (g) | Fixed to floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | PIK ("Payment-in-Kind")—issuer may pay interest or dividends with additional securities and/or in cash. |
| (i) | Collateralized Mortgage Obligation Interest Only Strip—Pays a fixed or variable rate of interest based on mortgage loans or mortgage pass-through securities. The principal amount of the underlying pool represents the notional amount on which the current interest was calculated. The value of these stripped securities may be particularly sensitive to changes in prevailing interest rates and are typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities. |
| (j) | Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of July 31, 2026. |
| (k) | Current yield as of July 31, 2026. |
| (l) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 12,650 | $ 518,129 | $ (510,811) | $ — | $ — | $ 19,968 | $ 724 | $ — | 19,968 |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Long Contracts | |||||
| U.S. Treasury 5 Year Notes | 197 | September 2026 | $ 21,055,389 | $ 20,877,383 | $ (178,006) |
| U.S. Treasury 10 Year Notes | 174 | September 2026 | 19,018,146 | 18,792,000 | (226,146) |
| U.S. Treasury 10 Year Ultra Bonds | 224 | September 2026 | 24,913,207 | 24,573,500 | (339,707) |
| Net Unrealized Depreciation | $ (743,859) |
| 1. | As of July 31, 2026, cash in the amount of $1,258,070 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| BRL—Brazil Real |
| CLO—Collateralized Loan Obligation |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GMSR—Ginnie Mae Mortgage Servicing Rights |
| GNMA—Government National Mortgage Association |
| JSC—Joint-Stock Company |
| MSCR—Multifamily Structured Credit Risk |
| REMIC—Real Estate Mortgage Investment Conduit |
| SARL—Société À Responsabilité Limitée |
| SOFR—Secured Overnight Financing Rate |
| STACR—Structured Agency Credit Risk |
| TRY—Turkish lira |
| UMBS—Uniform Mortgage Backed Securities |
| ZAR—South African Rand |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 268,339,676 | $ — | $ 268,339,676 | |||
| Corporate Bonds | — | 550,726,102 | — | 550,726,102 | |||
| Foreign Government Bonds | — | 96,347,137 | — | 96,347,137 | |||
| Loan Assignments | — | 83,067,615 | — | 83,067,615 | |||
| Mortgage-Backed Securities | — | 438,825,889 | — | 438,825,889 | |||
| U.S. Government & Federal Agencies | — | 333,783,524 | — | 333,783,524 | |||
| Total Long-Term Bonds | — | 1,771,089,943 | — | 1,771,089,943 | |||
| Common Stocks | 146 | — | — | 146 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 19,968,237 | — | — | 19,968,237 | |||
| Unaffiliated Investment Companies | 18,630,113 | — | — | 18,630,113 | |||
| Total Short-Term Investments | 38,598,350 | — | — | 38,598,350 | |||
| Total Investments in Securities | $ 38,598,496 | $ 1,771,089,943 | $ — | $ 1,809,688,439 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | $ (743,859) | $ — | $ — | $ (743,859) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.6% | ||
| Aerospace & Defense 1.4% | ||
| L3Harris Technologies, Inc. | 44,955 | $ 12,455,232 |
| Automobile Components 1.1% | ||
| Gentex Corp. | 412,737 | 9,641,536 |
| Banks 8.1% | ||
| Huntington Bancshares, Inc. | 817,524 | 13,930,609 |
| JPMorgan Chase & Co. | 91,565 | 32,211,651 |
| M&T Bank Corp. | 57,681 | 14,206,254 |
| PNC Financial Services Group, Inc. (The) | 50,133 | 12,526,733 |
| 72,875,247 | ||
| Beverages 1.3% | ||
| Keurig Dr Pepper, Inc. | 387,591 | 12,061,832 |
| Biotechnology 1.5% | ||
| Gilead Sciences, Inc. | 106,579 | 13,877,652 |
| Building Products 1.5% | ||
| Johnson Controls International plc | 93,726 | 13,745,855 |
| Capital Markets 10.9% | ||
| Ares Management Corp. | 96,212 | 12,323,795 |
| Intercontinental Exchange, Inc. | 103,717 | 15,814,768 |
| KKR & Co., Inc. | 142,378 | 14,441,401 |
| LPL Financial Holdings, Inc. | 41,755 | 14,768,743 |
| Nasdaq, Inc. | 140,514 | 13,235,014 |
| Raymond James Financial, Inc. | 81,181 | 14,286,232 |
| S&P Global, Inc. | 32,598 | 13,428,094 |
| 98,298,047 | ||
| Communications Equipment 3.5% | ||
| Cisco Systems, Inc. | 170,609 | 19,788,938 |
| F5, Inc. (a) | 28,974 | 11,664,063 |
| 31,453,001 | ||
| Consumer Staples Distribution & Retail 1.7% | ||
| U.S. Foods Holding Corp. (a) | 153,509 | 15,441,470 |
| Diversified Consumer Services 1.1% | ||
| H&R Block, Inc. | 226,060 | 9,953,422 |
| Electric Utilities 1.3% | ||
| American Electric Power Co., Inc. | 92,020 | 11,764,757 |
| Shares | Value | |
| Common Stocks | ||
| Electrical Equipment 2.9% | ||
| Eaton Corp. plc | 32,858 | $ 13,642,642 |
| Emerson Electric Co. | 80,450 | 12,053,019 |
| 25,695,661 | ||
| Food Products 1.2% | ||
| Archer-Daniels-Midland Co. | 137,883 | 10,929,985 |
| Gas Utilities 1.2% | ||
| Atmos Energy Corp. | 64,620 | 11,165,044 |
| Health Care Equipment & Supplies 1.3% | ||
| Stryker Corp. | 36,198 | 11,789,689 |
| Health Care Providers & Services 4.0% | ||
| Elevance Health, Inc. | 42,950 | 16,142,328 |
| UnitedHealth Group, Inc. | 47,740 | 19,783,456 |
| 35,925,784 | ||
| Industrial Conglomerates 1.4% | ||
| 3M Co. | 72,339 | 12,751,919 |
| Insurance 7.7% | ||
| American International Group, Inc. | 166,709 | 13,099,993 |
| Chubb Ltd. | 36,425 | 12,773,519 |
| Marsh & McLennan Cos., Inc. | 77,857 | 14,768,694 |
| MetLife, Inc. | 145,310 | 13,968,650 |
| Progressive Corp. (The) | 70,182 | 14,837,879 |
| 69,448,735 | ||
| Interactive Media & Services 1.2% | ||
| Alphabet, Inc., Class C | 30,416 | 10,847,866 |
| IT Services 1.1% | ||
| Amdocs Ltd. | 181,304 | 10,102,259 |
| Machinery 2.4% | ||
| Middleby Corp. (The) (a) | 83,031 | 11,091,281 |
| PACCAR, Inc. | 82,635 | 10,964,012 |
| 22,055,293 | ||
| Metals & Mining 1.3% | ||
| Freeport-McMoRan, Inc. | 191,268 | 11,979,115 |
| Multi-Utilities 1.6% | ||
| Sempra | 159,977 | 14,165,963 |
| Shares | Value | |
| Common Stocks | ||
| Oil, Gas & Consumable Fuels 5.7% | ||
| Antero Resources Corp. (a) | 300,189 | $ 10,848,830 |
| Diamondback Energy, Inc. | 79,255 | 16,084,802 |
| Marathon Petroleum Corp. | 35,199 | 11,139,428 |
| Targa Resources Corp. | 48,116 | 13,009,123 |
| 51,082,183 | ||
| Personal Care Products 1.5% | ||
| Unilever plc, Sponsored ADR | 216,567 | 13,732,513 |
| Pharmaceuticals 10.6% | ||
| AstraZeneca plc | 56,400 | 9,567,696 |
| Eli Lilly & Co. | 7,615 | 8,748,416 |
| Johnson & Johnson | 93,857 | 24,060,242 |
| Merck & Co., Inc. | 173,969 | 22,650,764 |
| Pfizer, Inc. | 574,380 | 14,365,244 |
| Roche Holding AG | 18,331 | 8,014,898 |
| Zoetis, Inc. | 104,046 | 8,041,715 |
| 95,448,975 | ||
| Semiconductors & Semiconductor Equipment 4.1% | ||
| Broadcom, Inc. | 35,167 | 13,689,810 |
| NVIDIA Corp. | 65,131 | 13,075,048 |
| NXP Semiconductors NV | 43,897 | 10,059,437 |
| 36,824,295 | ||
| Software 6.6% | ||
| Microsoft Corp. | 128,090 | 59,525,985 |
| Specialized REITs 2.3% | ||
| Crown Castle, Inc. | 136,397 | 10,407,091 |
| Gaming and Leisure Properties, Inc. | 234,006 | 10,481,129 |
| 20,888,220 | ||
| Specialty Retail 2.8% | ||
| Dick's Sporting Goods, Inc. | 60,801 | 11,911,524 |
| Industria de Diseno Textil SA, ADR | 835,411 | 13,650,616 |
| 25,562,140 | ||
| Technology Hardware, Storage & Peripherals 1.4% | ||
| NetApp, Inc. | 68,975 | 12,312,038 |
| Trading Companies & Distributors 1.4% | ||
| Ferguson Enterprises, Inc. | 52,319 | 12,259,911 |
| Water Utilities 1.2% | ||
| American Water Works Co., Inc. | 80,849 | 10,847,510 |
| Shares | Value | ||
| Common Stocks | |||
| Wireless Telecommunication Services 1.3% | |||
| T-Mobile US, Inc. | 67,301 | $ 11,623,556 | |
| Total Common Stocks (Cost $662,100,441) | 898,532,690 | ||
| Short-Term Investment 0.4% | |||
| Affiliated Investment Company 0.4% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 3,846,185 | 3,846,185 | |
| Total Short-Term Investment (Cost $3,846,185) | 3,846,185 | ||
| Total Investments (Cost $665,946,626) | 100.0% | 902,378,875 | |
| Other Assets, Less Liabilities | (0.0)‡ | (167,402) | |
| Net Assets | 100.0% | $ 902,211,473 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 11,372 | $ 118,052 | $ (125,578) | $ — | $ — | $ 3,846 | $ 230 | $ — | 3,846 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| Pharmaceuticals | $ 87,434,077 | $ 8,014,898 | $ — | $ 95,448,975 | |||
| All Other Industries | 803,083,715 | — | — | 803,083,715 | |||
| Total Common Stocks | 890,517,792 | 8,014,898 | — | 898,532,690 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 3,846,185 | — | — | 3,846,185 | |||
| Total Investments in Securities | $ 894,363,977 | $ 8,014,898 | $ — | $ 902,378,875 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 95.8% | ||
| Aerospace & Defense 5.4% | ||
| Axon Enterprise, Inc. (a) | 231,700 | $ 122,281,992 |
| GE Aerospace | 694,771 | 250,166,194 |
| Howmet Aerospace, Inc. | 579,612 | 163,601,283 |
| Woodward, Inc. | 281,800 | 101,659,350 |
| 637,708,819 | ||
| Automobiles 0.8% | ||
| Tesla, Inc. (a) | 309,095 | 96,193,455 |
| Broadline Retail 4.7% | ||
| Amazon.com, Inc. (a) | 2,021,863 | 549,097,554 |
| Building Products 1.5% | ||
| Johnson Controls International plc | 1,168,600 | 171,386,876 |
| Capital Markets 3.9% | ||
| KKR & Co., Inc. | 982,300 | 99,634,689 |
| Morgan Stanley | 553,900 | 116,551,638 |
| Nasdaq, Inc. | 1,865,000 | 175,664,350 |
| Stripe Global Holdings, Inc., Class B (a)(b)(c) | 1,156,349 | 72,849,987 |
| 464,700,664 | ||
| Chemicals 1.2% | ||
| Ecolab, Inc. | 514,550 | 142,854,516 |
| Communications Equipment 3.8% | ||
| Arista Networks, Inc. (a) | 1,469,580 | 265,038,753 |
| Lumentum Holdings, Inc. (a) | 255,600 | 182,483,064 |
| 447,521,817 | ||
| Construction & Engineering 1.3% | ||
| Quanta Services, Inc. | 228,500 | 152,491,760 |
| Electrical Equipment 1.5% | ||
| GE Vernova, Inc. | 173,600 | 171,914,344 |
| Electronic Equipment, Instruments & Components 1.8% | ||
| Amphenol Corp., Class A | 1,336,270 | 214,738,589 |
| Entertainment 1.2% | ||
| Spotify Technology SA (a) | 279,100 | 139,533,254 |
| Financial Services 5.5% | ||
| Affirm Holdings, Inc. (a) | 1,843,700 | 131,842,987 |
| Mastercard, Inc., Class A | 295,588 | 169,401,483 |
| Shares | Value | |
| Common Stocks | ||
| Financial Services | ||
| Visa, Inc., Class A | 930,580 | $ 340,713,255 |
| 641,957,725 | ||
| Health Care Providers & Services 1.3% | ||
| McKesson Corp. | 181,410 | 155,321,428 |
| Hotels, Restaurants & Leisure 2.3% | ||
| Hilton Worldwide Holdings, Inc. | 834,497 | 267,447,944 |
| Interactive Media & Services 13.2% | ||
| Alphabet, Inc., Class C | 3,485,630 | 1,243,149,939 |
| Meta Platforms, Inc., Class A | 555,134 | 309,048,650 |
| 1,552,198,589 | ||
| IT Services 0.7% | ||
| Shopify, Inc., Class A (a) | 700,800 | 82,098,720 |
| Machinery 2.2% | ||
| Caterpillar, Inc. | 147,500 | 120,184,475 |
| Parker-Hannifin Corp. | 137,100 | 133,882,263 |
| 254,066,738 | ||
| Pharmaceuticals 3.9% | ||
| Elanco Animal Health, Inc. (a) | 4,697,500 | 123,873,075 |
| Eli Lilly & Co. | 292,621 | 336,174,710 |
| 460,047,785 | ||
| Semiconductors & Semiconductor Equipment 25.9% | ||
| Advanced Micro Devices, Inc. (a) | 603,650 | 287,427,947 |
| Analog Devices, Inc. | 372,200 | 136,750,002 |
| ASML Holding NV (Registered) | 99,000 | 161,271,000 |
| Broadcom, Inc. | 1,841,920 | 717,022,618 |
| KLA Corp. | 1,277,000 | 233,461,140 |
| Lam Research Corp. | 360,200 | 105,545,804 |
| Micron Technology, Inc. | 173,200 | 142,548,796 |
| NVIDIA Corp. | 5,505,179 | 1,105,164,684 |
| Texas Instruments, Inc. | 544,700 | 150,195,578 |
| 3,039,387,569 | ||
| Software 6.0% | ||
| Microsoft Corp. | 1,258,657 | 584,923,081 |
| OpenAI, Class A (a)(b)(c) | 29,095 | 20,008,250 |
| Palantir Technologies, Inc., Class A (a) | 846,700 | 104,194,902 |
| 709,126,233 | ||
| Technology Hardware, Storage & Peripherals 7.7% | ||
| Apple, Inc. | 1,918,384 | 592,608,001 |
| Sandisk Corp. (a) | 61,850 | 75,137,236 |
| Shares | Value | ||
| Common Stocks | |||
| Technology Hardware, Storage & Peripherals | |||
| Seagate Technology Holdings plc | 270,700 | $ 231,754,391 | |
| 899,499,628 | |||
| Total Common Stocks (Cost $6,690,185,930) | 11,249,294,007 | ||
| Preferred Stocks 2.6% | |||
| Software 2.6% | |||
| Anthropic PBC (a)(b)(c) | |||
| Series F-1 | 147,622 | 86,950,761 | |
| Series G-1 | 139,193 | 81,985,999 | |
| Databricks, Inc. Series L (a)(b)(c) | 217,517 | 55,031,801 | |
| OpenAI PBC Series C (a)(b)(c) | 119,017 | 81,846,432 | |
| Total Preferred Stocks (Cost $180,054,554) | 305,814,993 | ||
| Short-Term Investment 0.6% | |||
| Affiliated Investment Company 0.6% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (d)(e) | 70,775,558 | 70,775,558 | |
| Total Short-Term Investment (Cost $70,775,558) | 70,775,558 | ||
| Total Investments (Cost $6,941,016,042) | 99.0% | 11,625,884,558 | |
| Other Assets, Less Liabilities | 1.0 | 112,292,831 | |
| Net Assets | 100.0% | $ 11,738,177,389 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Non-income producing security. |
| (b) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (c) | Restricted security. |
| (d) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (e) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 89,496 | $ 2,686,890 | $ (2,705,610) | $ — | $ — | $ 70,776 | $ 2,529 | $ — | 70,776 |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 11,156,435,770 | $ — | $ 92,858,237 | $ 11,249,294,007 | |||
| Preferred Stocks | — | — | 305,814,993 | 305,814,993 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 70,775,558 | — | — | 70,775,558 | |||
| Total Investments in Securities | $ 11,227,211,328 | $ — | $ 398,673,230 | $ 11,625,884,558 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Investments in Securities | Balance as of October 31, 2025 | Accrued Discounts (Premiums) | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Purchases | Sales | Transfers in to Level 3 | Transfers out of Level 3 | Balance as of July 31, 2026 | Change in Unrealized Appreciation (Depreciation) from Investments Still Held as of July 31, 2026 | |||||||||
| Common Stocks | $12,510,850 | $— | $— | $7,497,400 | $85,360,837 | $(12,510,850) | $— | $— | $92,858,237 | $7,497,400 | |||||||||
| Preferred Stocks | 20,809,919 | — | — | 125,760,439 | 159,244,635 | — | — | — | 305,814,993 | 125,760,439 | |||||||||
| Total | $33,320,769 | $— | $— | $133,257,839 | $244,605,472 | $(12,510,850) | $— | $— | $398,673,230 | $133,257,839 |
| • | Level 1—quoted prices (unadjusted) in active markets for an identical asset or liability |
| • | Level 2—other significant observable inputs (including quoted prices for a similar asset or liability in active markets, interest rates and yield curves, prepayment speeds, credit risk, etc.) |
| • | Level 3—significant unobservable inputs (including each Fund's own assumptions about the assumptions that market participants would use in measuring fair value of an asset or liability) |
| • Benchmark yields | • Reported trades |
| • Broker/dealer quotes | • Issuer spreads |
| • Two-sided markets | • Benchmark securities |
| • Bids/offers | • Reference data (corporate actions or material event notices) |
| • Industry and economic events | • Comparable bonds |
| • Monthly payment information |