|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
Asset-backed securities: 0.05%
|
|
|
|
|
|
|
|
Uniti Fiber ABS Issuer LLC Series 2025-1A Class B144A
|
|
6.37
%
|
4-20-2055
|
$
|
140,000
|
$141,137
|
|
Total asset-backed securities (Cost $140,000)
|
|
|
|
|
|
141,137
|
|
|
|
|
|
Shares
|
|
|
|
Common stocks: 93.86%
|
|
|
|
|
|
|
|
Australia: 0.81%
|
|
|
|
|
|
|
|
Fortescue Ltd. (Materials, Metals & mining)
|
|
|
|
|
189,479
|
2,458,728
|
|
Brazil: 2.25%
|
|
|
|
|
|
|
|
Axia Energia SA (Utilities, Electric utilities)
|
|
|
|
|
263,038
|
2,740,828
|
|
BB Seguridade Participacoes SA (Financials, Insurance)
|
|
|
|
|
506,623
|
4,123,623
|
|
|
|
|
|
|
|
6,864,451
|
|
Canada: 1.50%
|
|
|
|
|
|
|
|
Power Corp. of Canada (Financials, Insurance)
|
|
|
|
|
66,882
|
4,570,600
|
|
China: 2.68%
|
|
|
|
|
|
|
|
China Construction Bank Corp. Class H (Financials, Banks)
|
|
|
|
|
2,806,000
|
3,292,633
|
|
Geely Automobile Holdings Ltd. (Consumer discretionary,
Automobiles)
|
|
|
|
|
971,000
|
2,451,520
|
|
Ping An Insurance Group Co. of China Ltd. Class H (Financials,
Insurance)
|
|
|
|
|
328,500
|
2,454,148
|
|
|
|
|
|
|
|
8,198,301
|
|
Denmark: 1.01%
|
|
|
|
|
|
|
|
Novo Nordisk AS Class B (Health care, Pharmaceuticals)
|
|
|
|
|
64,894
|
3,069,588
|
|
France: 3.87%
|
|
|
|
|
|
|
|
Capgemini SE (Information technology, IT services)
|
|
|
|
|
19,372
|
2,302,569
|
|
Engie SA (Utilities, Multi-utilities)
|
|
|
|
|
88,576
|
2,761,012
|
|
Publicis Groupe SA (Communication services, Media)
|
|
|
|
|
32,379
|
3,455,827
|
|
TotalEnergies SE (Energy, Oil, gas & consumable fuels)
|
|
|
|
|
37,622
|
3,316,773
|
|
|
|
|
|
|
|
11,836,181
|
|
Germany: 0.95%
|
|
|
|
|
|
|
|
Siemens AG (Industrials, Industrial conglomerates)
|
|
|
|
|
8,888
|
2,912,121
|
|
Ireland: 2.78%
|
|
|
|
|
|
|
|
Accenture PLC Class A (Information technology, IT services)
|
|
|
|
|
11,514
|
1,910,403
|
|
nVent Electric PLC (Industrials, Electrical equipment)
|
|
|
|
|
15,893
|
2,444,820
|
|
Seagate Technology Holdings PLC (Information technology,
Technology hardware, storage & peripherals)
|
|
|
|
|
4,848
|
4,150,518
|
|
|
|
|
|
|
|
8,505,741
|
|
Italy: 1.12%
|
|
|
|
|
|
|
|
UniCredit SpA (Financials, Banks)
|
|
|
|
|
36,397
|
3,432,668
|
|
Japan: 4.74%
|
|
|
|
|
|
|
|
Astellas Pharma, Inc. (Health care, Pharmaceuticals)
|
|
|
|
|
164,700
|
2,262,122
|
|
|
|
|
|
Shares
|
Value
|
|
|
Japan(continued)
|
|
|
|
|
|
|
|
Obayashi Corp. (Industrials, Construction & engineering)
|
|
|
|
|
112,400
|
$2,209,142
|
|
Recruit Holdings Co. Ltd. (Industrials, Professional services)
|
|
|
|
|
67,300
|
5,322,139
|
|
Sompo Holdings, Inc. (Financials, Insurance)
|
|
|
|
|
105,700
|
4,692,720
|
|
|
|
|
|
|
|
14,486,123
|
|
Netherlands: 2.58%
|
|
|
|
|
|
|
|
ASML Holding NV (Information technology, Semiconductors &
semiconductor equipment)
|
|
|
|
|
2,566
|
4,228,627
|
|
ING Groep NV (Financials, Banks)
|
|
|
|
|
103,685
|
3,643,651
|
|
|
|
|
|
|
|
7,872,278
|
|
Singapore: 0.73%
|
|
|
|
|
|
|
|
Singapore Telecommunications Ltd. (Communication services,
Diversified telecommunication services)
|
|
|
|
|
642,400
|
2,222,638
|
|
South Korea: 1.66%
|
|
|
|
|
|
|
|
Samsung Electronics Co. Ltd. (Information technology, Technology
hardware, storage & peripherals)
|
|
|
|
|
29,116
|
5,067,779
|
|
Spain: 1.55%
|
|
|
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria SA (Financials, Banks)
|
|
|
|
|
169,258
|
4,744,621
|
|
Taiwan: 2.43%
|
|
|
|
|
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Information
technology, Semiconductors & semiconductor equipment)
|
|
|
|
|
18,378
|
7,429,307
|
|
United Kingdom: 3.20%
|
|
|
|
|
|
|
|
3i Group PLC (Financials, Capital markets)
|
|
|
|
|
104,927
|
4,039,458
|
|
Barclays PLC (Financials, Banks)
|
|
|
|
|
462,763
|
3,180,819
|
|
Rio Tinto PLC (Materials, Metals & mining)
|
|
|
|
|
26,394
|
2,564,695
|
|
|
|
|
|
|
|
9,784,972
|
|
United States: 60.00%
|
|
|
|
|
|
|
|
Advanced Micro Devices, Inc. (Information technology,
Semiconductors & semiconductor equipment)†#
|
|
|
|
|
4,595
|
2,187,909
|
|
Aegon Ltd. (Financials, Insurance)
|
|
|
|
|
327,733
|
3,114,578
|
|
AGNC Investment Corp. (Financials, Mortgage real estate investment
trusts (REITs))#
|
|
|
|
|
103,183
|
1,099,931
|
|
Alphabet, Inc. Class A (Communication services, Interactive media &
services)#
|
|
|
|
|
29,650
|
10,559,255
|
|
Amazon.com, Inc. (Consumer discretionary, Broadline retail)†#
|
|
|
|
|
25,480
|
6,919,858
|
|
Amphenol Corp. Class A (Information technology, Electronic
equipment, instruments & components)#
|
|
|
|
|
16,434
|
2,640,944
|
|
Annaly Capital Management, Inc. (Financials, Mortgage real estate
investment trusts (REITs))#
|
|
|
|
|
115,857
|
2,632,271
|
|
APA Corp. (Energy, Oil, gas & consumable fuels)#
|
|
|
|
|
73,348
|
2,737,347
|
|
Apple, Inc. (Information technology, Technology hardware, storage &
peripherals)#
|
|
|
|
|
39,432
|
12,180,939
|
|
Arista Networks, Inc. (Information technology, Communications
equipment)†#
|
|
|
|
|
18,965
|
3,420,338
|
|
|
|
|
|
Shares
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Bank of New York Mellon Corp. (Financials, Capital markets)#
|
|
|
|
|
17,859
|
$2,791,897
|
|
Booking Holdings, Inc. (Consumer discretionary, Hotels, restaurants &
leisure)#
|
|
|
|
|
19,910
|
3,840,639
|
|
BorgWarner, Inc. (Consumer discretionary, Automobile components)#
|
|
|
|
|
44,435
|
2,832,287
|
|
Bristol-Myers Squibb Co. (Health care, Pharmaceuticals)#
|
|
|
|
|
59,278
|
3,871,446
|
|
Brixmor Property Group, Inc. (Real estate, Retail REITs)#
|
|
|
|
|
135,414
|
4,266,895
|
|
Broadcom, Inc. (Information technology, Semiconductors &
semiconductor equipment)#
|
|
|
|
|
16,440
|
6,399,763
|
|
Carpenter Technology Corp. (Industrials, Aerospace & defense)#
|
|
|
|
|
5,823
|
3,025,980
|
|
Cisco Systems, Inc. (Information technology, Communications
equipment)#
|
|
|
|
|
10,984
|
1,274,034
|
|
Citigroup, Inc. (Financials, Banks)#
|
|
|
|
|
36,467
|
4,830,054
|
|
Citizens Financial Group, Inc. (Financials, Banks)#
|
|
|
|
|
48,276
|
3,458,975
|
|
Coca-Cola Co. (Consumer staples, Beverages)#
|
|
|
|
|
75,562
|
6,618,476
|
|
Corning, Inc. (Information technology, Electronic equipment,
instruments & components)#
|
|
|
|
|
6,852
|
947,289
|
|
Edwards Lifesciences Corp. (Health care, Health care equipment &
supplies)†#
|
|
|
|
|
41,032
|
3,531,624
|
|
Eli Lilly & Co. (Health care, Pharmaceuticals)
|
|
|
|
|
4,362
|
5,011,240
|
|
Enviva, Inc. (Acquired 12-6-2024, cost $81,126) (Energy, Oil, gas &
consumable fuels)†˃
|
|
|
|
|
14,868
|
278,775
|
|
Ferguson Enterprises, Inc. (Industrials, Trading companies &
distributors)#
|
|
|
|
|
13,559
|
3,177,280
|
|
Gap, Inc. (Consumer discretionary, Specialty retail)#
|
|
|
|
|
106,128
|
2,132,112
|
|
General Motors Co. (Consumer discretionary, Automobiles)#
|
|
|
|
|
40,350
|
3,585,501
|
|
KLA Corp. (Information technology, Semiconductors & semiconductor
equipment)
|
|
|
|
|
13,195
|
2,412,310
|
|
Meta Platforms, Inc. Class A (Communication services, Interactive
media & services)#
|
|
|
|
|
5,615
|
3,125,927
|
|
Micron Technology, Inc. (Information technology, Semiconductors &
semiconductor equipment)
|
|
|
|
|
3,029
|
2,492,958
|
|
Microsoft Corp. (Information technology, Software)
|
|
|
|
|
19,503
|
9,063,434
|
|
Modivcare Topco LLC (Health care, Health care providers & services)†
|
|
|
|
|
17,721
|
87,506
|
|
NVIDIA Corp. (Information technology, Semiconductors &
semiconductor equipment)
|
|
|
|
|
66,595
|
13,368,946
|
|
Okta, Inc. (Information technology, IT services)†
|
|
|
|
|
23,586
|
3,347,561
|
|
Omega Healthcare Investors, Inc. (Real estate, Health care REITs)
|
|
|
|
|
72,379
|
3,664,549
|
|
Pfizer, Inc. (Health care, Pharmaceuticals)
|
|
|
|
|
107,390
|
2,685,824
|
|
SS&C Technologies Holdings, Inc. (Industrials, Professional services)
|
|
|
|
|
41,575
|
3,203,354
|
|
Sunococorp LLC (Energy, Oil, gas & consumable fuels)
|
|
|
|
|
41,550
|
3,176,082
|
|
Target Corp. (Consumer staples, Consumer staples distribution &
retail)
|
|
|
|
|
21,934
|
3,169,244
|
|
TD SYNNEX Corp. (Information technology, Electronic equipment,
instruments & components)
|
|
|
|
|
13,147
|
3,361,688
|
|
Tesla, Inc. (Consumer discretionary, Automobiles)†
|
|
|
|
|
6,665
|
2,074,215
|
|
United Parcel Service, Inc. Class B (Industrials, Air freight & logistics)
|
|
|
|
|
25,938
|
2,703,258
|
|
Valmont Industries, Inc. (Industrials, Construction & engineering)
|
|
|
|
|
5,858
|
2,821,799
|
|
Viatris, Inc. (Health care, Pharmaceuticals)
|
|
|
|
|
168,170
|
2,953,065
|
|
VICI Properties, Inc. Class A (Real estate, Specialized REITs)
|
|
|
|
|
108,197
|
2,850,991
|
|
|
|
|
|
Shares
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Viking Holdings Ltd. (Consumer discretionary, Hotels, restaurants &
leisure)†
|
|
|
|
|
22,371
|
$2,334,414
|
|
Virtu Financial, Inc. Class A (Financials, Capital markets)
|
|
|
|
|
45,507
|
2,672,626
|
|
Walmart, Inc. (Consumer staples, Consumer staples distribution &
retail)
|
|
|
|
|
21,199
|
2,357,329
|
|
|
|
|
|
|
|
183,294,717
|
|
Total common stocks (Cost $188,774,617)
|
|
|
|
|
|
286,750,814
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
|
|
|
Corporate bonds and notes: 14.91%
|
|
|
|
|
|
|
|
United States: 14.91%
|
|
|
|
|
|
|
|
AdaptHealth LLC (Consumer, non-cyclical, Pharmaceuticals)144A
|
|
5.13
%
|
3-1-2030
|
$
|
205,000
|
197,674
|
|
Adient Global Holdings Ltd. (Consumer, cyclical, Auto parts &
equipment)144A
|
|
7.50
|
2-15-2033
|
|
230,000
|
237,366
|
|
Adient Global Holdings Ltd. (Consumer, cyclical, Auto parts &
equipment)144A
|
|
8.25
|
4-15-2031
|
|
40,000
|
41,591
|
|
ADT Security Corp. (Consumer, non-cyclical, Commercial
services)144A
|
|
5.88
|
10-15-2033
|
|
100,000
|
96,962
|
|
Advance Auto Parts, Inc. (Consumer, cyclical, Retail)144A
|
|
7.38
|
8-1-2033
|
|
260,000
|
268,354
|
|
Aethon United BR LP/Aethon United Finance Corp. (Energy, Oil &
gas)144A
|
|
7.50
|
10-1-2029
|
|
115,000
|
119,313
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer (Financial,
Insurance)144A
|
|
7.38
|
10-1-2032
|
|
570,000
|
573,198
|
|
Allied Universal Holdco LLC (Consumer, non-cyclical, Commercial
services)144A
|
|
7.88
|
2-15-2031
|
|
185,000
|
192,077
|
|
American Axle & Manufacturing, Inc. (Consumer, cyclical, Auto parts &
equipment)144A
|
|
7.75
|
10-15-2033
|
|
295,000
|
290,493
|
|
American Greetings Corp. (Consumer, cyclical, Housewares)144A
|
|
8.88
|
1-15-2032
|
|
190,000
|
187,379
|
|
AmWINS Group, Inc. (Financial, Insurance)144A
|
|
6.38
|
2-15-2029
|
|
130,000
|
130,526
|
|
AP Core Holdings II LLC (Communications, Internet)144A
|
|
11.00
|
5-15-2031
|
|
145,000
|
151,382
|
|
APLD ComputeCo 2 LLC (Communications, Telecommunications)144A
|
|
6.75
|
3-15-2031
|
|
145,000
|
141,739
|
|
APLD ComputeCo LLC (Communications, Telecommunications)144A
|
|
9.25
|
12-15-2030
|
|
275,000
|
292,258
|
|
Arches Buyer, Inc. (Communications, Internet)144A
|
|
6.13
|
12-1-2028
|
|
245,000
|
239,496
|
|
Arches Buyer, Inc. (Communications, Internet)144A%%
|
|
9.00
|
8-15-2031
|
|
260,000
|
261,355
|
|
Archrock Partners LP/Archrock Partners Finance Corp. (Energy, Oil &
gas services)144A
|
|
6.63
|
9-1-2032
|
|
205,000
|
207,935
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging
Finance PLC (Industrial, Packaging & containers)144A
|
|
4.00
|
9-1-2029
|
|
220,000
|
208,858
|
|
Ashton Woods USA LLC/Ashton Woods Finance Co. (Consumer,
cyclical, Home builders)144A
|
|
6.88
|
8-1-2033
|
|
260,000
|
259,394
|
|
Asurion LLC/Asurion Co-Issuer, Inc. (Financial, Insurance)144A
|
|
8.00
|
12-31-2032
|
|
85,000
|
85,988
|
|
Asurion LLC/Asurion Co-Issuer, Inc. (Financial, Insurance)144A
|
|
8.38
|
2-1-2034
|
|
235,000
|
214,110
|
|
AthenaHealth Group, Inc. (Technology, Software)144A
|
|
6.50
|
2-15-2030
|
|
230,000
|
221,853
|
|
AthenaHealth Group, Inc. (Technology, Software)144A
|
|
7.50
|
2-15-2032
|
|
215,000
|
220,422
|
|
Athene Holding Ltd. (5 Year Treasury Constant Maturity+2.58%)
(Financial, Insurance)±
|
|
6.88
|
6-28-2055
|
|
150,000
|
141,684
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group
Holdings Finance (Financial, Insurance)144A
|
|
7.13
%
|
5-15-2031
|
$
|
140,000
|
$141,187
|
|
Beach Acquisition Bidco LLC (PIK at 10.75%) (Consumer, cyclical,
Apparel)144A¥
|
|
10.00
|
7-15-2033
|
|
443,918
|
476,550
|
|
Black Pearl Compute LLC (Communications,
Telecommunications)144A
|
|
6.13
|
2-15-2031
|
|
145,000
|
144,757
|
|
Blackstone Mortgage Trust, Inc. (Financial, REITs)144A
|
|
7.75
|
12-1-2029
|
|
185,000
|
191,182
|
|
Block, Inc. (Consumer, non-cyclical, Commercial services)
|
|
6.50
|
5-15-2032
|
|
250,000
|
252,576
|
|
Brandywine Operating Partnership LP (Financial, REITs)
|
|
6.13
|
1-15-2031
|
|
100,000
|
96,114
|
|
Brandywine Operating Partnership LP (Financial, REITs)
|
|
8.88
|
4-12-2029
|
|
135,000
|
141,492
|
|
Bristow Group, Inc. (Energy, Oil & gas services)144A
|
|
6.75
|
2-1-2033
|
|
240,000
|
240,275
|
|
Broadstreet Partners Group LLC (Financial, Insurance)144A
|
|
5.88
|
4-15-2029
|
|
300,000
|
293,325
|
|
Builders FirstSource, Inc. (Industrial, Building materials)144A
|
|
6.75
|
5-15-2035
|
|
330,000
|
326,719
|
|
California Resources Corp. (Energy, Oil & gas)144A
|
|
7.00
|
1-15-2034
|
|
170,000
|
166,503
|
|
California Resources Corp. (Energy, Oil & gas)144A
|
|
7.25
|
1-15-2035
|
|
210,000
|
207,496
|
|
Carnival Corp. Ltd. (Consumer, cyclical, Leisure time)144A
|
|
5.75
|
8-1-2032
|
|
270,000
|
267,512
|
|
Carnival Corp. Ltd. (Consumer, cyclical, Leisure time)144A
|
|
6.13
|
2-15-2033
|
|
250,000
|
250,012
|
|
Carvana Co. (Consumer, cyclical, Retail)144A
|
|
9.00
|
6-1-2030
|
|
395,000
|
407,137
|
|
Carvana Co. (Consumer, cyclical, Retail)144A
|
|
9.00
|
6-1-2031
|
|
145,000
|
159,488
|
|
Caturus Energy LLC (Energy, Oil & gas)144A
|
|
8.50
|
2-15-2030
|
|
55,000
|
56,966
|
|
CCO Holdings LLC/CCO Holdings Capital Corp. (Communications,
Media)144A
|
|
4.25
|
1-15-2034
|
|
270,000
|
220,452
|
|
CCO Holdings LLC/CCO Holdings Capital Corp. (Communications,
Media)144A
|
|
4.50
|
8-15-2030
|
|
825,000
|
752,732
|
|
CCO Holdings LLC/CCO Holdings Capital Corp. (Communications,
Media)
|
|
4.50
|
5-1-2032
|
|
105,000
|
90,551
|
|
Celanese U.S. Holdings LLC (Basic materials, Chemicals)
|
|
7.38
|
7-15-2032
|
|
115,000
|
120,326
|
|
Celanese U.S. Holdings LLC (Basic materials, Chemicals)
|
|
7.70
|
11-15-2033
|
|
255,000
|
269,928
|
|
Century Communities, Inc. (Consumer, cyclical, Home builders)144A
|
|
6.63
|
9-15-2033
|
|
145,000
|
145,476
|
|
Chemours Co. (Basic materials, Chemicals)144A
|
|
7.88
|
3-15-2034
|
|
125,000
|
121,637
|
|
Chemours Co. (Basic materials, Chemicals)144A
|
|
8.00
|
1-15-2033
|
|
245,000
|
241,155
|
|
CHS/Community Health Systems, Inc. (Consumer, non-cyclical,
Healthcare-services)144A
|
|
5.25
|
5-15-2030
|
|
130,000
|
120,044
|
|
CHS/Community Health Systems, Inc. (Consumer, non-cyclical,
Healthcare-services)144A
|
|
6.00
|
1-15-2029
|
|
150,000
|
147,375
|
|
CHS/Community Health Systems, Inc. (Consumer, non-cyclical,
Healthcare-services)144A
|
|
6.88
|
4-15-2029
|
|
155,000
|
149,487
|
|
CHS/Community Health Systems, Inc. (Consumer, non-cyclical,
Healthcare-services)144A
|
|
10.88
|
1-15-2032
|
|
81,000
|
85,438
|
|
Churchill Downs, Inc. (Consumer, cyclical, Entertainment)144A
|
|
6.75
|
5-1-2031
|
|
210,000
|
212,498
|
|
Cinemark USA, Inc. (Consumer, cyclical, Entertainment)144A
|
|
7.00
|
8-1-2032
|
|
445,000
|
456,190
|
|
Citigroup, Inc. Series HH (5 Year Treasury Constant Maturity+3.00%)
(Financial, Banks)ʊ±
|
|
6.63
|
2-15-2031
|
|
575,000
|
577,610
|
|
Clean Harbors, Inc. (Industrial, Environmental control)144A
|
|
6.38
|
2-1-2031
|
|
165,000
|
166,693
|
|
Clear Channel Outdoor Holdings, Inc. (Communications,
Advertising)144A
|
|
7.13
|
2-15-2031
|
|
355,000
|
366,184
|
|
Cleveland-Cliffs, Inc. (Basic materials, Iron/steel)144A
|
|
7.00
|
3-15-2032
|
|
375,000
|
375,786
|
|
Cloud Software Group LLC (Technology, Software)144A
|
|
8.25
|
6-30-2032
|
|
335,000
|
316,906
|
|
Cloud Software Group LLC (Technology, Software)144A
|
|
9.00
|
9-30-2029
|
|
260,000
|
254,735
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Clydesdale Acquisition Holdings, Inc. (Industrial, Packaging &
containers)144A
|
|
8.75
%
|
4-15-2030
|
$
|
270,000
|
$258,040
|
|
Concentra Health Services, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
6.88
|
7-15-2032
|
|
300,000
|
308,489
|
|
Core Scientific Finance I LLC (Communications,
Telecommunications)144A
|
|
7.75
|
5-15-2031
|
|
150,000
|
146,884
|
|
CoreCivic, Inc. (Consumer, non-cyclical, Commercial services)
|
|
8.25
|
4-15-2029
|
|
230,000
|
238,782
|
|
CoreWeave, Inc. (Technology, Software)144A
|
|
9.00
|
2-1-2031
|
|
250,000
|
225,673
|
|
CoreWeave, Inc. (Technology, Software)144A
|
|
9.75
|
10-1-2031
|
|
255,000
|
231,378
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC (Energy, Pipelines)144A
|
|
5.50
|
6-15-2031
|
|
75,000
|
73,023
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC (Energy, Pipelines)144A
|
|
7.50
|
12-15-2033
|
|
335,000
|
351,093
|
|
DaVita, Inc. (Consumer, non-cyclical, Healthcare-services)144A
|
|
6.88
|
9-1-2032
|
|
495,000
|
508,693
|
|
Diebold Nixdorf, Inc. (Technology, Computers)144A
|
|
7.75
|
3-31-2030
|
|
215,000
|
223,195
|
|
DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc.
(Communications, Media)144A
|
|
5.88
|
8-15-2027
|
|
10,000
|
9,976
|
|
DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc.
(Communications, Media)144A
|
|
9.25
|
6-1-2032
|
|
125,000
|
127,911
|
|
Discovery Global Holdings, Inc. (Communications, Media)
|
|
4.05
|
3-15-2029
|
|
180,000
|
176,798
|
|
Discovery Global Holdings, Inc. (Communications, Media)
|
|
4.28
|
3-15-2032
|
|
110,000
|
97,743
|
|
Discovery Global Holdings, Inc. (Communications, Media)
|
|
5.05
|
3-15-2042
|
|
145,000
|
100,775
|
|
Duke Energy Corp. (5 Year Treasury Constant Maturity+2.59%)
(Utilities, Electric)±
|
|
6.45
|
9-1-2054
|
|
275,000
|
281,646
|
|
EchoStar Corp. (PIK at 6.75%) (Communications, Media)¥
|
|
6.75
|
11-30-2030
|
|
307,275
|
311,638
|
|
Edged Compute LLC (Communications, Telecommunications)144A
|
|
7.50
|
4-30-2031
|
|
150,000
|
142,184
|
|
Edison International (5 Year Treasury Constant Maturity+3.86%)
(Utilities, Electric)±
|
|
8.13
|
6-15-2053
|
|
165,000
|
168,810
|
|
Ellucian Holdings, Inc. (Technology, Software)144A
|
|
6.50
|
12-1-2029
|
|
110,000
|
105,776
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc. (Industrial, Building
materials)144A
|
|
6.63
|
12-15-2030
|
|
280,000
|
284,591
|
|
Endo Finance Holdings LP (Consumer, non-cyclical,
Pharmaceuticals)144A
|
|
8.50
|
4-15-2031
|
|
285,000
|
300,139
|
|
Energizer Holdings, Inc. (Industrial, Electrical components &
equipment)144A
|
|
4.38
|
3-31-2029
|
|
225,000
|
216,694
|
|
Entegris, Inc. (Technology, Semiconductors)144A
|
|
5.95
|
6-15-2030
|
|
135,000
|
135,045
|
|
Enviva Partners LP/Enviva Partners Finance Corp. (Energy, Energy-
alternate sources)144A♦†
|
|
6.50
|
1-15-2026
|
|
710,000
|
0
|
|
EUSHI Finance, Inc. (5 Year Treasury Constant Maturity+3.14%)
(Utilities, Electric)±
|
|
7.63
|
12-15-2054
|
|
245,000
|
253,631
|
|
Excelerate Energy LP (Energy, Pipelines)144A
|
|
8.00
|
5-15-2030
|
|
215,000
|
225,252
|
|
EZCORP, Inc. (Financial, Diversified financial services)144A
|
|
7.38
|
4-1-2032
|
|
140,000
|
146,365
|
|
First Eagle Holdings, Inc. (Financial, Diversified financial services)144A
|
|
7.25
|
8-15-2032
|
|
145,000
|
146,693
|
|
FirstCash, Inc. (Consumer, cyclical, Retail)144A
|
|
4.63
|
9-1-2028
|
|
100,000
|
98,152
|
|
FirstCash, Inc. (Consumer, cyclical, Retail)144A
|
|
6.88
|
3-1-2032
|
|
315,000
|
319,526
|
|
FMC Corp. (Basic materials, Chemicals)
|
|
5.65
|
5-18-2033
|
|
165,000
|
147,394
|
|
FMC Corp. (Basic materials, Chemicals)144A
|
|
8.00
|
6-1-2031
|
|
40,000
|
41,361
|
|
FTAI Aviation Investors LLC (Industrial, Trucking & leasing)144A
|
|
5.50
|
5-1-2028
|
|
245,000
|
244,186
|
|
FTAI Aviation Investors LLC (Industrial, Trucking & leasing)144A
|
|
7.00
|
5-1-2031
|
|
250,000
|
256,947
|
|
FTAI Aviation Investors LLC (Industrial, Trucking & leasing)144A
|
|
7.00
|
6-15-2032
|
|
95,000
|
96,997
|
|
Genesee & Wyoming, Inc. (Industrial, Transportation)144A
|
|
6.25
|
4-15-2032
|
|
125,000
|
125,716
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Genting New York LLC/GENNY Capital, Inc. (Consumer, cyclical,
Lodging)144A
|
|
7.25
%
|
10-1-2029
|
$
|
200,000
|
$204,642
|
|
GEO Group, Inc. (Consumer, non-cyclical, Commercial services)
|
|
8.63
|
4-15-2029
|
|
110,000
|
114,674
|
|
GEO Group, Inc. (Consumer, non-cyclical, Commercial services)
|
|
10.25
|
4-15-2031
|
|
250,000
|
269,600
|
|
Global Aircraft Leasing Co. Ltd. (Financial, Diversified financial
services)144A
|
|
8.75
|
9-1-2027
|
|
265,000
|
269,220
|
|
Global Atlantic Fin Co. (5 Year Treasury Constant Maturity+3.55%)
(Financial, Insurance)144A±
|
|
7.25
|
3-1-2056
|
|
145,000
|
139,305
|
|
Goodyear Tire & Rubber Co. (Consumer, cyclical, Auto parts &
equipment)
|
|
8.88
|
7-15-2032
|
|
145,000
|
148,822
|
|
Gray Media, Inc. (Communications, Media)144A
|
|
9.63
|
7-15-2032
|
|
175,000
|
176,881
|
|
HA Sustainable Infrastructure Capital, Inc. (5 Year Treasury Constant
Maturity+4.30%) (Financial, Investment companies)±
|
|
8.00
|
6-1-2056
|
|
140,000
|
146,965
|
|
Harvest Midstream I LP (Energy, Pipelines)144A
|
|
6.75
|
5-15-2034
|
|
185,000
|
185,736
|
|
Harvest Midstream I LP (Energy, Pipelines)144A
|
|
7.50
|
5-15-2032
|
|
85,000
|
87,149
|
|
Herc Holdings, Inc. (Consumer, non-cyclical, Commercial
services)144A
|
|
7.00
|
6-15-2030
|
|
250,000
|
257,817
|
|
Herc Holdings, Inc. (Consumer, non-cyclical, Commercial
services)144A
|
|
7.25
|
6-15-2033
|
|
210,000
|
216,691
|
|
Hess Midstream Operations LP (Energy, Pipelines)144A
|
|
5.50
|
10-15-2030
|
|
85,000
|
84,698
|
|
Hilcorp Energy I LP/Hilcorp Finance Co. (Energy, Oil & gas)144A
|
|
6.00
|
2-1-2031
|
|
155,000
|
151,094
|
|
HUB International Ltd. (Financial, Insurance)144A
|
|
5.63
|
12-1-2029
|
|
105,000
|
104,587
|
|
HUB International Ltd. (Financial, Insurance)144A
|
|
7.38
|
1-31-2032
|
|
250,000
|
255,688
|
|
Industrial F&B Investments III, Inc. (Consumer, non-cyclical,
Food)144A
|
|
7.75
|
2-11-2033
|
|
170,000
|
172,602
|
|
Iron Mountain, Inc. (Financial, REITs)144A
|
|
4.50
|
2-15-2031
|
|
230,000
|
217,682
|
|
Iron Mountain, Inc. (Financial, REITs)144A
|
|
5.25
|
7-15-2030
|
|
385,000
|
376,226
|
|
Jane Street Group/JSG Finance, Inc. (Financial, Diversified financial
services)144A
|
|
6.13
|
11-1-2032
|
|
120,000
|
119,400
|
|
Jane Street Group/JSG Finance, Inc. (Financial, Diversified financial
services)144A
|
|
6.75
|
5-1-2033
|
|
150,000
|
152,868
|
|
Jane Street Group/JSG Finance, Inc. (Financial, Diversified financial
services)144A
|
|
7.13
|
4-30-2031
|
|
205,000
|
211,565
|
|
Jefferson Capital Holdings LLC (Financial, Diversified financial
services)144A
|
|
8.25
|
5-15-2030
|
|
85,000
|
88,757
|
|
Jefferson Capital Holdings LLC (Financial, Diversified financial
services)144A
|
|
9.50
|
2-15-2029
|
|
125,000
|
130,317
|
|
K Hovnanian Enterprises, Inc. (Consumer, cyclical, Home
builders)144A
|
|
8.38
|
10-1-2033
|
|
200,000
|
203,242
|
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
(Financial, REITs)144A
|
|
7.00
|
7-15-2031
|
|
265,000
|
273,910
|
|
Lamb Weston Holdings, Inc. (Consumer, non-cyclical, Food)144A
|
|
4.38
|
1-31-2032
|
|
150,000
|
140,591
|
|
Level 3 Financing, Inc. (Communications, Telecommunications)144A
|
|
6.88
|
6-30-2033
|
|
190,000
|
192,270
|
|
Level 3 Financing, Inc. (Communications, Telecommunications)144A
|
|
8.50
|
1-15-2036
|
|
210,000
|
218,480
|
|
LifePoint Health, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
7.00
|
5-1-2034
|
|
85,000
|
79,393
|
|
Lithia Motors, Inc. (Consumer, cyclical, Retail)144A
|
|
4.38
|
1-15-2031
|
|
175,000
|
165,658
|
|
Macy’s Retail Holdings LLC (Consumer, cyclical, Retail)144A
|
|
6.13
|
3-15-2032
|
|
165,000
|
165,493
|
|
Match Group Holdings II LLC (Communications, Internet)144A
|
|
5.63
|
2-15-2029
|
|
190,000
|
189,334
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Match Group Holdings II LLC (Communications, Internet)144A
|
|
6.13
%
|
9-15-2033
|
$
|
160,000
|
$155,783
|
|
MetLife, Inc. Series G (5 Year Treasury Constant Maturity+2.08%)
(Financial, Insurance)±
|
|
6.35
|
3-15-2055
|
|
125,000
|
126,801
|
|
Michaels Cos., Inc. (Consumer, cyclical, Retail)144A
|
|
8.50
|
3-15-2033
|
|
150,000
|
148,594
|
|
Michaels Cos., Inc. (Consumer, cyclical, Retail)144A
|
|
11.00
|
3-15-2034
|
|
315,000
|
308,352
|
|
Molina Healthcare, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
6.25
|
1-15-2033
|
|
295,000
|
291,716
|
|
Nabors Industries, Inc. (Energy, Oil & gas)144A
|
|
9.13
|
1-31-2030
|
|
152,000
|
158,914
|
|
NCL Corp. Ltd. (Consumer, cyclical, Leisure time)144A
|
|
6.25
|
9-15-2033
|
|
255,000
|
242,390
|
|
NCL Corp. Ltd. (Consumer, cyclical, Leisure time)144A
|
|
6.75
|
2-1-2032
|
|
105,000
|
102,917
|
|
NCL Corp. Ltd. (Consumer, cyclical, Leisure time)144A
|
|
7.75
|
2-15-2029
|
|
80,000
|
83,059
|
|
Newell Brands, Inc. (Consumer, cyclical, Housewares)
|
|
6.38
|
5-15-2030
|
|
165,000
|
166,812
|
|
Newell Brands, Inc. (Consumer, cyclical, Housewares)144A
|
|
8.50
|
6-1-2028
|
|
200,000
|
208,747
|
|
NextEra Energy Capital Holdings, Inc. Series BB (5 Year Treasury
Constant Maturity+1.77%) (Utilities, Electric)±
|
|
6.20
|
10-1-2056
|
|
445,000
|
434,853
|
|
Nissan Motor Acceptance Co. LLC (Consumer, cyclical, Auto
manufacturers)144A
|
|
7.05
|
9-15-2028
|
|
50,000
|
51,020
|
|
Oak-Eagle AcquireCo, Inc. (Technology, Software)144A
|
|
7.25
|
7-1-2033
|
|
120,000
|
124,341
|
|
Oak-Eagle AcquireCo, Inc. (Technology, Software)144A
|
|
8.75
|
7-1-2034
|
|
125,000
|
131,686
|
|
Oceaneering International, Inc. (Energy, Oil & gas services)144A
|
|
6.88
|
7-15-2034
|
|
270,000
|
276,268
|
|
OneMain Finance Corp. (Financial, Diversified financial services)
|
|
7.13
|
9-15-2032
|
|
295,000
|
298,089
|
|
OneMain Finance Corp. (Financial, Diversified financial services)
|
|
7.88
|
3-15-2030
|
|
255,000
|
263,973
|
|
Outfront Media Capital LLC/Outfront Media Capital Corp.
(Communications, Advertising)144A
|
|
4.63
|
3-15-2030
|
|
150,000
|
144,870
|
|
Outfront Media Capital LLC/Outfront Media Capital Corp.
(Communications, Advertising)144A
|
|
7.38
|
2-15-2031
|
|
225,000
|
232,761
|
|
PacifiCorp (5 Year Treasury Constant Maturity+3.29%) (Utilities,
Electric)±
|
|
7.13
|
8-15-2056
|
|
235,000
|
231,367
|
|
Paramount Global (Communications, Media)
|
|
4.20
|
5-19-2032
|
|
165,000
|
140,301
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance
Co-Issuer (Financial, REITs)144A
|
|
5.88
|
10-1-2028
|
|
140,000
|
139,811
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance
Co-Issuer (Financial, REITs)144A
|
|
7.00
|
2-1-2030
|
|
190,000
|
193,071
|
|
Pediatrix Medical Group, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
5.38
|
2-15-2030
|
|
155,000
|
151,589
|
|
Performance Food Group, Inc. (Consumer, non-cyclical, Food)144A
|
|
6.13
|
9-15-2032
|
|
130,000
|
130,367
|
|
PetSmart LLC/PetSmart Finance Corp. (Consumer, cyclical,
Retail)144A
|
|
7.50
|
9-15-2032
|
|
250,000
|
252,602
|
|
PetSmart LLC/PetSmart Finance Corp. (Consumer, cyclical,
Retail)144A
|
|
10.00
|
9-15-2033
|
|
300,000
|
298,474
|
|
PG&E Corp. (5 Year Treasury Constant Maturity+3.88%) (Utilities,
Electric)±
|
|
7.38
|
3-15-2055
|
|
245,000
|
248,778
|
|
PNC Financial Services Group, Inc. Series U (5 Year Treasury Constant
Maturity+3.00%) (Financial, Banks)ʊ±
|
|
6.00
|
5-15-2027
|
|
290,000
|
289,732
|
|
PR RNO Property Owner 1 LLC (Communications,
Telecommunications)144A
|
|
6.50
|
5-1-2031
|
|
210,000
|
197,740
|
|
PRA Group, Inc. (Financial, Diversified financial services)144A
|
|
5.00
|
10-1-2029
|
|
135,000
|
127,881
|
|
Prairie Acquiror LP (Energy, Pipelines)144A
|
|
9.00
|
8-1-2029
|
|
200,000
|
206,304
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
Provident Funding Associates LP/PFG Finance Corp. (Financial,
Diversified financial services)144A
|
|
9.75
%
|
9-15-2029
|
$
|
190,000
|
$196,178
|
|
Quikrete Holdings, Inc. (Industrial, Building materials)144A
|
|
6.75
|
3-1-2033
|
|
315,000
|
319,165
|
|
QXO Building Products, Inc. (Consumer, cyclical, Retail)144A
|
|
6.88
|
7-15-2034
|
|
125,000
|
125,187
|
|
Radiology Partners, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
8.50
|
7-15-2032
|
|
200,000
|
210,174
|
|
RHP Hotel Properties LP/RHP Finance Corp. (Financial, REITs)144A
|
|
5.75
|
3-15-2034
|
|
215,000
|
210,545
|
|
RHP Hotel Properties LP/RHP Finance Corp. (Financial, REITs)144A
|
|
6.50
|
6-15-2033
|
|
200,000
|
203,491
|
|
Rocket Cos., Inc. (Financial, Diversified financial services)144A
|
|
6.13
|
8-1-2030
|
|
100,000
|
100,811
|
|
Rocket Cos., Inc. (Financial, Diversified financial services)144A
|
|
6.50
|
8-1-2029
|
|
100,000
|
101,314
|
|
Rocket Cos., Inc. (Financial, Diversified financial services)144A
|
|
7.13
|
2-1-2032
|
|
200,000
|
204,989
|
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. (Financial,
Diversified financial services)144A
|
|
4.00
|
10-15-2033
|
|
120,000
|
105,980
|
|
Rocket Software, Inc. (Technology, Software)144A
|
|
6.50
|
2-15-2029
|
|
60,000
|
55,283
|
|
Rocket Software, Inc. (Technology, Software)144A
|
|
9.00
|
11-28-2028
|
|
225,000
|
222,702
|
|
Rockies Express Pipeline LLC (Energy, Pipelines)144A
|
|
6.75
|
3-15-2033
|
|
85,000
|
86,419
|
|
SCIH Salt Holdings, Inc. (Basic materials, Chemicals)144A
|
|
6.63
|
5-1-2029
|
|
230,000
|
230,000
|
|
SCIH Salt Holdings, Inc. (Basic materials, Chemicals)144A%%
|
|
6.63
|
8-15-2031
|
|
230,000
|
229,959
|
|
SCIH Salt Holdings, Inc. (Basic materials, Chemicals)144A%%
|
|
8.00
|
8-15-2032
|
|
85,000
|
84,358
|
|
Sempra (5 Year Treasury Constant Maturity+2.87%) (Utilities,
Electric)±
|
|
4.13
|
4-1-2052
|
|
145,000
|
143,889
|
|
Sensata Technologies, Inc. (Industrial, Electronics)144A
|
|
6.63
|
7-15-2032
|
|
30,000
|
30,712
|
|
Service Corp. International (Consumer, non-cyclical, Commercial
services)
|
|
5.75
|
10-15-2032
|
|
275,000
|
272,751
|
|
SESI LLC (Energy, Oil & gas services)144A
|
|
7.88
|
9-30-2030
|
|
235,000
|
237,779
|
|
Sirius XM Radio LLC (Communications, Media)144A
|
|
4.13
|
7-1-2030
|
|
310,000
|
289,754
|
|
Six Flags Entertainment Corp. (Consumer, cyclical,
Entertainment)144A
|
|
7.25
|
5-15-2031
|
|
60,000
|
58,836
|
|
Six Flags Entertainment Corp./Canada’s Wonderland Co./Millennium
Operations LLC (Consumer, cyclical, Entertainment)144A
|
|
8.63
|
1-15-2032
|
|
130,000
|
131,484
|
|
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada’s
Wonderland Co. (Consumer, cyclical, Entertainment)144A
|
|
6.63
|
5-1-2032
|
|
255,000
|
256,732
|
|
SM Energy Co. (Energy, Oil & gas)144A
|
|
9.63
|
6-15-2033
|
|
140,000
|
154,004
|
|
Sonic Automotive, Inc. (Consumer, cyclical, Retail)144A
|
|
4.88
|
11-15-2031
|
|
175,000
|
167,151
|
|
Sopaipilla Investor LLC (Communications, Internet)144A
|
|
7.53
|
11-30-2048
|
|
150,000
|
155,473
|
|
Sotheby’s/BidFair Holdings, Inc. (Consumer, non-cyclical, Commercial
services)144A
|
|
5.88
|
6-1-2029
|
|
350,000
|
337,619
|
|
SS&C Technologies, Inc. (Technology, Software)144A
|
|
6.50
|
6-1-2032
|
|
275,000
|
277,035
|
|
Standard Building Solutions, Inc. (Industrial, Building materials)144A
|
|
6.25
|
8-1-2033
|
|
235,000
|
232,432
|
|
Star Parent, Inc. (Consumer, non-cyclical, Healthcare-services)144A
|
|
9.00
|
10-1-2030
|
|
310,000
|
325,536
|
|
Starwood Property Trust, Inc. (Financial, REITs)144A
|
|
6.50
|
7-1-2030
|
|
245,000
|
248,830
|
|
Surgery Center Holdings, Inc. (Consumer, non-cyclical, Healthcare-
services)144A
|
|
7.25
|
4-15-2032
|
|
155,000
|
155,483
|
|
SV RNO Property Owner 1 LLC (Communications,
Telecommunications)144A
|
|
5.88
|
3-1-2031
|
|
175,000
|
162,504
|
|
Sword Purchaser LLC (Industrial, Packaging & containers)144A
|
|
8.25
|
4-15-2033
|
|
255,000
|
260,823
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. (Energy,
Pipelines)144A
|
|
6.00
|
12-31-2030
|
|
275,000
|
273,036
|
|
Tenet Healthcare Corp. (Consumer, non-cyclical, Healthcare-services)
|
|
6.75
|
5-15-2031
|
|
400,000
|
407,931
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
United States(continued)
|
|
|
|
|
|
|
|
TerraForm Power Operating LLC (Energy, Energy-alternate
sources)144A
|
|
5.00
%
|
1-31-2028
|
$
|
195,000
|
$192,930
|
|
Tri Pointe Homes, Inc. (Consumer, cyclical, Home builders)
|
|
5.70
|
6-15-2028
|
|
60,000
|
60,022
|
|
U.S. Foods, Inc. (Consumer, non-cyclical, Food)144A
|
|
5.75
|
4-15-2033
|
|
280,000
|
277,037
|
|
United Wholesale Mortgage LLC (Financial, Diversified financial
services)144A
|
|
5.50
|
4-15-2029
|
|
325,000
|
303,528
|
|
United Wholesale Mortgage LLC (Financial, Diversified financial
services)144A
|
|
6.25
|
3-15-2031
|
|
85,000
|
75,841
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC (Financial,
REITs)144A
|
|
6.00
|
1-15-2030
|
|
70,000
|
66,792
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
(Communications, Telecommunications)144A
|
|
8.63
|
6-15-2032
|
|
80,000
|
81,701
|
|
Venture Global LNG, Inc. (Energy, Pipelines)144A
|
|
8.38
|
6-1-2031
|
|
165,000
|
170,577
|
|
Venture Global LNG, Inc. (Energy, Pipelines)144A
|
|
9.88
|
2-1-2032
|
|
185,000
|
196,965
|
|
Venture Global LNG, Inc. (5 Year Treasury Constant Maturity+5.44%)
(Energy, Pipelines)144Aʊ±
|
|
9.00
|
9-30-2029
|
|
150,000
|
149,397
|
|
Venture Global Plaquemines LNG LLC (Energy, Pipelines)144A
|
|
7.50
|
5-1-2033
|
|
330,000
|
358,056
|
|
Veritiv Operating Co. (Consumer, cyclical,
Distribution/wholesale)144A
|
|
10.50
|
11-30-2030
|
|
185,000
|
189,797
|
|
Victra Holdings LLC/Victra Finance Corp. (Consumer, cyclical,
Retail)144A
|
|
8.75
|
9-15-2029
|
|
145,000
|
147,671
|
|
Viking Cruises Ltd. (Consumer, cyclical, Leisure time)144A
|
|
5.88
|
10-15-2033
|
|
65,000
|
64,362
|
|
Viking Cruises Ltd. (Consumer, cyclical, Leisure time)144A
|
|
7.00
|
2-15-2029
|
|
150,000
|
150,309
|
|
Vistra Corp. Series C (5 Year Treasury Constant Maturity+5.05%)
(Utilities, Electric)144Aʊ±
|
|
8.88
|
1-15-2029
|
|
300,000
|
317,865
|
|
Vornado Realty LP (Financial, REITs)
|
|
5.75
|
2-1-2033
|
|
155,000
|
153,687
|
|
Wayfair LLC (Communications, Internet)144A
|
|
6.75
|
11-15-2032
|
|
285,000
|
290,133
|
|
Wells Fargo & Co. (5 Year Treasury Constant Maturity+2.77%)
(Financial, Banks)ʊ±
|
|
6.85
|
9-15-2029
|
|
280,000
|
288,230
|
|
WESCO Distribution, Inc. (Industrial, Electrical components &
equipment)144A
|
|
6.63
|
3-15-2032
|
|
295,000
|
300,968
|
|
Windstream Services LLC/Windstream Escrow Finance Corp.
(Communications, Telecommunications)144A
|
|
8.25
|
10-1-2031
|
|
225,000
|
234,232
|
|
WS Escrow LLC (Financial, Diversified financial services)144A
|
|
7.75
|
6-1-2033
|
|
40,000
|
41,386
|
|
WULF Compute LLC (Communications, Telecommunications)144A
|
|
7.75
|
10-15-2030
|
|
110,000
|
114,286
|
|
Zebra Technologies Corp. (Technology, Office/business
equipment)144A
|
|
6.50
|
6-1-2032
|
|
200,000
|
202,255
|
|
ZF North America Capital, Inc. (Consumer, cyclical, Auto parts &
equipment)144A
|
|
6.88
|
4-23-2032
|
|
140,000
|
137,546
|
|
ZF North America Capital, Inc. (Consumer, cyclical, Auto parts &
equipment)144A
|
|
7.50
|
3-24-2031
|
|
115,000
|
115,802
|
|
Total corporate bonds and notes (Cost $45,417,894)
|
|
|
|
|
|
45,538,141
|
|
Loans: 1.14%
|
|
|
|
|
|
|
|
American Greetings Corp. (U.S. SOFR 1 Month+5.00%) (Consumer,
cyclical, Housewares)±
|
|
8.73
|
1-8-2032
|
|
65,000
|
64,350
|
|
Asurion LLC (U.S. SOFR 3 Month+4.25%) (Financial, Insurance)±
|
|
8.07
|
9-19-2030
|
|
83,496
|
81,391
|
|
Bausch & Lomb Corp. (U.S. SOFR 1 Month+3.75%) (Consumer, non-
cyclical, Healthcare-products)±
|
|
7.48
|
1-15-2031
|
|
109,176
|
109,449
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
Loans(continued)
|
|
|
|
|
|
|
|
Chemours Co. (U.S. SOFR 1 Month+3.50%) (Basic materials,
Chemicals)±
|
|
7.23
%
|
10-15-2032
|
|
59,850
|
$59,607
|
|
Connect Finco Sarl (U.S. SOFR 1 Month+4.50%) (Communications,
Telecommunications)±
|
|
8.23
|
9-27-2029
|
|
138,582
|
139,051
|
|
Crescent Midstream Intermediate Holdings LLC (U.S. SOFR 3
Month+3.75%) (Energy, Pipelines)±
|
|
7.40
|
2-18-2033
|
|
145,000
|
145,454
|
|
DIRECTV Financing LLC (U.S. SOFR 3 Month+4.50%) (Communications,
Media)±
|
|
8.32
|
8-2-2029
|
|
166,071
|
166,948
|
|
EW Scripps Co. (U.S. SOFR 1 Month+5.75%) (Communications,
Media)±
|
|
9.53
|
6-30-2028
|
|
66,562
|
66,384
|
|
Great Outdoors Group LLC (U.S. SOFR 1 Month+3.25%) (Consumer,
cyclical, Retail)±
|
|
6.98
|
8-31-2026
|
|
125,000
|
125,446
|
|
Mauser Packaging Solutions Holding Co. (U.S. SOFR 1 Month+3.50%)
(Industrial, Packaging & containers)±
|
|
7.15
|
4-15-2030
|
|
144,638
|
143,433
|
|
McAfee Corp. (U.S. SOFR 1 Month+3.00%) (Technology, Computers)±
|
|
6.73
|
3-1-2029
|
|
132,975
|
119,915
|
|
Modivcare Buyer LLC (U.S. SOFR 3 Month+5.00%) (Consumer, non-
cyclical, Healthcare-services)±
|
|
8.73
|
12-30-2032
|
|
132,794
|
111,325
|
|
Owens-Illinois, Inc. (U.S. SOFR 1 Month+3.00%) (Industrial, Packaging
& containers)±
|
|
6.73
|
9-30-2032
|
|
149,250
|
147,160
|
|
Petco Health & Wellness Co., Inc. (U.S. SOFR 3 Month+4.25%)
(Consumer, cyclical, Retail)±
|
|
7.98
|
2-3-2031
|
|
164,588
|
164,097
|
|
Prairie Acquiror LP (U.S. SOFR 1 Month+3.25%) (Energy, Pipelines)±
|
|
6.98
|
8-1-2029
|
|
78,215
|
78,606
|
|
Rocket Software, Inc. (U.S. SOFR 1 Month+3.75%) (Technology,
Software)±
|
|
7.48
|
11-28-2028
|
|
53,770
|
51,706
|
|
Star Parent, Inc. (U.S. SOFR 3 Month+3.50%) (Consumer, non-cyclical,
Healthcare-services)±
|
|
7.23
|
9-27-2030
|
|
144,630
|
145,099
|
|
TK Elevator Midco GmbH (U.S. SOFR 3 Month+2.75%) (Industrial,
Machinery-diversified)±
|
|
6.61
|
4-30-2030
|
|
204,488
|
205,318
|
|
Tory Burch LLC (U.S. SOFR 1 Month+4.00%) (Consumer, cyclical,
Retail)±
|
|
7.73
|
4-30-2031
|
|
145,000
|
145,061
|
|
TransDigm, Inc. (U.S. SOFR 1 Month+2.50%) (Industrial,
Aerospace/defense)±
|
|
6.23
|
1-19-2032
|
|
595,000
|
595,702
|
|
TreeHouse Foods, Inc. (U.S. SOFR 1 Month+4.25%) (Consumer, non-
cyclical, Food)±
|
|
7.98
|
2-11-2033
|
|
175,000
|
175,378
|
|
Vista Management Holding, Inc. (U.S. SOFR 3 Month+3.75%)
(Consumer, cyclical, Airlines)±
|
|
7.48
|
4-1-2031
|
|
157,645
|
157,745
|
|
Worthington Steel, Inc. (U.S. SOFR 1 Month+4.00%) (Industrial, Metal
fabricate/hardware)±
|
|
7.73
|
6-1-2033
|
|
295,000
|
295,959
|
|
Total loans (Cost $3,526,832)
|
|
|
|
|
|
3,494,584
|
|
|
|
Dividend
rate
|
|
Shares
|
|
|
|
Preferred stocks: 1.50%
|
|
|
|
|
|
|
|
Brazil: 1.31%
|
|
|
|
|
|
|
|
Petroleo Brasileiro SA (Energy, Oil, gas & consumable fuels)
|
|
0.13
|
|
|
467,139
|
4,001,297
|
|
|
|
Dividend
rate
|
|
Shares
|
Value
|
|
|
United States: 0.19%
|
|
|
|
|
|
|
|
CoBank ACB (U.S. SOFR 3 Month+1.44%) (Financials, Banks)144A±
|
|
5.19
|
|
|
750
|
$585,000
|
|
Total preferred stocks (Cost $3,824,710)
|
|
|
|
|
|
4,586,297
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
|
|
|
Yankee corporate bonds and notes: 2.28%
|
|
|
|
|
|
|
|
Canada: 0.81%
|
|
|
|
|
|
|
|
1261229 BC Ltd. (Consumer, non-cyclical, Pharmaceuticals)144A
|
|
10.00
%
|
4-15-2032
|
$
|
410,000
|
419,122
|
|
Algonquin Power & Utilities Corp. (5 Year Treasury Constant
Maturity+3.25%) (Utilities, Electric)±
|
|
4.75
|
1-18-2082
|
|
280,000
|
277,398
|
|
Bausch & Lomb Corp. (Consumer, non-cyclical, Healthcare-
products)144A
|
|
8.38
|
10-1-2028
|
|
225,000
|
230,625
|
|
Bausch Health Cos., Inc. (Consumer, non-cyclical,
Pharmaceuticals)144A
|
|
6.25
|
2-15-2029
|
|
105,000
|
82,425
|
|
Enbridge, Inc. (5 Year Treasury Constant Maturity+3.71%) (Energy,
Pipelines)±
|
|
7.38
|
1-15-2083
|
|
325,000
|
331,596
|
|
goeasy Ltd. (Financial, Diversified financial services)144A
|
|
7.63
|
7-1-2029
|
|
280,000
|
265,853
|
|
Rogers Communications, Inc. (5 Year Treasury Constant
Maturity+2.62%) (Communications, Telecommunications)±
|
|
7.13
|
4-15-2055
|
|
440,000
|
444,071
|
|
Saturn Oil & Gas, Inc. (Energy, Oil & gas)144A
|
|
8.50
|
7-30-2031
|
|
150,000
|
150,416
|
|
TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)
(Communications, Telecommunications)±
|
|
6.63
|
6-9-2056
|
|
55,000
|
53,717
|
|
TELUS Corp. (5 Year Treasury Constant Maturity+2.77%)
(Communications, Telecommunications)±
|
|
6.63
|
10-15-2055
|
|
235,000
|
234,235
|
|
|
|
|
|
|
|
2,489,458
|
|
France: 0.26%
|
|
|
|
|
|
|
|
Banijay Entertainment SASU (Consumer, cyclical, Entertainment)144A
|
|
8.13
|
5-1-2029
|
|
110,000
|
112,459
|
|
BNP Paribas SA (5 Year Treasury Constant Maturity+2.85%) (Financial,
Banks)144Aʊ±
|
|
6.88
|
12-15-2033
|
|
175,000
|
173,336
|
|
BNP Paribas SA (5 Year Treasury Constant Maturity+3.73%) (Financial,
Banks)144Aʊ±
|
|
8.00
|
8-22-2031
|
|
215,000
|
228,101
|
|
Opal Bidco SAS (Consumer, non-cyclical, Cosmetics/Personal
Care)144A
|
|
6.50
|
3-31-2032
|
|
280,000
|
281,609
|
|
|
|
|
|
|
|
795,505
|
|
Ireland: 0.20%
|
|
|
|
|
|
|
|
GGAM Finance Ltd. (Financial, Diversified financial services)144A
|
|
5.88
|
3-15-2030
|
|
275,000
|
273,281
|
|
Perrigo Finance Unlimited Co. (Consumer, non-cyclical,
Cosmetics/Personal Care)
|
|
6.13
|
9-30-2032
|
|
370,000
|
351,527
|
|
|
|
|
|
|
|
624,808
|
|
Japan: 0.22%
|
|
|
|
|
|
|
|
Kioxia Holdings Corp. (Technology, Semiconductors)144A
|
|
6.63
|
7-24-2033
|
|
140,000
|
144,685
|
|
Nissan Motor Co. Ltd. (Consumer, cyclical, Auto manufacturers)144A
|
|
8.13
|
7-17-2035
|
|
190,000
|
200,480
|
|
Rakuten Group, Inc. (Communications, Internet)144A
|
|
9.75
|
4-15-2029
|
|
315,000
|
342,018
|
|
|
|
|
|
|
|
687,183
|
|
|
|
Interest
rate
|
Maturity
date
|
Principal
|
Value
|
|
|
Liberia: 0.02%
|
|
|
|
|
|
|
|
Royal Caribbean Cruises Ltd. (Consumer, cyclical, Leisure time)144A
|
|
5.63
%
|
9-30-2031
|
$
|
60,000
|
$60,210
|
|
Luxembourg: 0.20%
|
|
|
|
|
|
|
|
Ardagh Group SA (PIK at 5.00%) (Industrial, Packaging &
containers)144A¥
|
|
11.00
|
12-1-2030
|
|
98,396
|
91,133
|
|
Froneri Lux Finco Sarl (Consumer, non-cyclical, Food)144A
|
|
6.00
|
8-1-2032
|
|
315,000
|
307,888
|
|
Telecom Italia Capital SA (Communications, Telecommunications)
|
|
7.20
|
7-18-2036
|
|
190,000
|
204,911
|
|
|
|
|
|
|
|
603,932
|
|
Netherlands: 0.36%
|
|
|
|
|
|
|
|
Sensata Technologies BV (Industrial, Electronics)144A
|
|
5.88
|
9-1-2030
|
|
250,000
|
250,205
|
|
Teva Pharmaceutical Finance Netherlands III BV (Consumer, non-
cyclical, Pharmaceuticals)
|
|
8.13
|
9-15-2031
|
|
250,000
|
276,817
|
|
Trivium Packaging Finance BV (Industrial, Packaging &
containers)144A
|
|
8.25
|
7-15-2030
|
|
175,000
|
184,990
|
|
Trivium Packaging Finance BV (Industrial, Packaging &
containers)144A
|
|
12.25
|
1-15-2031
|
|
230,000
|
254,512
|
|
VZ Secured Financing BV (Communications, Media)144A
|
|
5.00
|
1-15-2032
|
|
155,000
|
127,100
|
|
|
|
|
|
|
|
1,093,624
|
|
Switzerland: 0.10%
|
|
|
|
|
|
|
|
UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5 Year+3.24%)
(Financial, Banks)144Aʊ±
|
|
6.63
|
1-8-2031
|
|
295,000
|
294,197
|
|
United Kingdom: 0.11%
|
|
|
|
|
|
|
|
Virgin Media Finance PLC (Communications, Media)144A
|
|
5.00
|
7-15-2030
|
|
120,000
|
73,840
|
|
Virgin Media Secured Finance PLC (Communications, Media)144A
|
|
4.50
|
8-15-2030
|
|
315,000
|
258,888
|
|
|
|
|
|
|
|
332,728
|
|
Total yankee corporate bonds and notes (Cost $7,019,200)
|
|
|
|
|
|
6,981,645
|
|
|
|
Yield
|
|
Shares
|
|
|
|
Short-term investments: 1.86%
|
|
|
|
|
|
|
|
Investment companies: 1.86%
|
|
|
|
|
|
|
|
Allspring Government Money Market Fund Select Class♠∞##
|
|
3.59
|
|
|
5,673,801
|
5,673,801
|
|
Total short-term investments (Cost $5,673,801)
|
|
|
|
|
|
5,673,801
|
|
Total investments in securities (Cost $254,377,054)
|
115.60
%
|
|
|
|
|
353,166,419
|
|
Other assets and liabilities, net
|
(15.60
)
|
|
|
|
|
(47,649,552
)
|
|
Total net assets
|
100.00
%
|
|
|
|
|
$305,516,867
|
|
144A
|
The security may be resold in transactions exempt from registration, normally to qualified
institutional buyers, pursuant to Rule 144A under the Securities Act of
1933.
|
|
†
|
Non-income-earning security
|
|
#
|
All or a portion of this security is segregated as collateral for investments in derivative
instruments.
|
|
˃
|
Restricted security as to resale, excluding Rule 144A securities. The Fund held a
restricted security with current value of $278,775 (original cost of $81,126),
representing 0.09% of its net assets as of period end.
|
|
%%
|
The security is purchased on a when-issued basis.
|
|
±
|
Variable rate investment. The rate shown is the rate in effect at period end.
|
|
¥
|
A payment-in-kind (PIK) security is a security in which the issuer may make interest
or dividend payments in cash or additional securities or a combination of both.
The rate shown is the rate in effect at period end.
|
|
ʊ
|
Security is perpetual in nature and has no stated maturity date. The date shown reflects
the next call date.
|
|
♦
|
The security is fair valued in accordance with procedures approved by Allspring Funds
Management, LLC.
|
|
♠
|
The issuer of the security is an affiliated person of the Fund as defined in the Investment
Company Act of 1940.
|
|
∞
|
The rate represents the 7-day annualized yield at period end.
|
|
##
|
All or a portion of this security is segregated as collateral for when-issued securities.
|
|
Abbreviations:
|
|
|
ADR
|
American depositary receipt
|
|
REIT
|
Real estate investment trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
|
Value,
beginning of
period
|
Purchases
|
Sales
proceeds
|
Net
realized
gains
(losses)
|
Net
change in
unrealized
gains
(losses)
|
Value,
end of
period
|
Shares,
end
of period
|
Income
from
affiliated
securities
|
|
Short-term investments
|
|
|
|
|
|
|
|
|
|
Allspring Government Money Market Fund Select
Class
|
$5,417,110
|
$112,632,281
|
$(112,375,590
)
|
$0
|
$0
|
$5,673,801
|
5,673,801
|
$122,675
|
|
Description
|
Counterparty
|
Number of
contracts
|
Notional
amount
|
Exercise
price
|
Expiration
date
|
Value
|
|
Call
|
|
|
|
|
|
|
|
iShares MSCI EAFE ETF
|
Morgan Stanley Co.
|
(46
)
|
$(478,400
)
|
$104.00
|
8-7-2026
|
$(13,110
)
|
|
iShares MSCI EAFE ETF
|
Morgan Stanley Co.
|
(50
)
|
(507,500
)
|
101.50
|
8-21-2026
|
(21,625
)
|
|
iShares MSCI EAFE ETF
|
Morgan Stanley Co.
|
(30
)
|
(306,000
)
|
102.00
|
9-18-2026
|
(13,800
)
|
|
iShares MSCI EAFE ETF
|
Morgan Stanley Co.
|
(368
)
|
(3,716,800
)
|
101.00
|
10-16-2026
|
(269,560
)
|
|
iShares MSCI Emerging Markets ETF
|
Morgan Stanley Co.
|
(789
)
|
(5,838,600
)
|
74.00
|
8-7-2026
|
(145
)
|
|
iShares MSCI Emerging Markets ETF
|
Morgan Stanley Co.
|
(1,100
)
|
(7,810,000
)
|
71.00
|
8-21-2026
|
(34,650
)
|
|
iShares MSCI Emerging Markets ETF
|
Morgan Stanley Co.
|
(1,561
)
|
(11,707,500
)
|
75.00
|
9-18-2026
|
(59,318
)
|
|
Nasdaq 100 Stock Index
|
Morgan Stanley Co.
|
(2
)
|
(5,600,000
)
|
28,000.00
|
8-14-2026
|
(137,580
)
|
|
Nasdaq 100 Stock Index
|
Morgan Stanley Co.
|
(1
)
|
(3,400,000
)
|
34,000.00
|
8-21-2026
|
(315
)
|
|
Russell 2000 Index
|
Morgan Stanley Co.
|
(31
)
|
(9,842,500
)
|
3,175.00
|
8-7-2026
|
0
|
|
Russell 2000 Index
|
Morgan Stanley Co.
|
(39
)
|
(12,265,500
)
|
3,145.00
|
8-14-2026
|
(780
)
|
|
Russell 2000 Index
|
Morgan Stanley Co.
|
(2
)
|
(570,000
)
|
2,850.00
|
8-21-2026
|
(21,240
)
|
|
S&P 500 Index
|
Morgan Stanley Co.
|
(4
)
|
(2,936,000
)
|
7,340.00
|
8-7-2026
|
(67,940
)
|
|
S&P 500 Index
|
Morgan Stanley Co.
|
(2
)
|
(1,476,000
)
|
7,380.00
|
8-14-2026
|
(31,300
)
|
|
S&P 500 Index
|
Morgan Stanley Co.
|
(1
)
|
(827,500
)
|
8,275.00
|
8-21-2026
|
(33
)
|
|
S&P 500 Index
|
Morgan Stanley Co.
|
(3
)
|
(2,185,500
)
|
7,285.00
|
8-21-2026
|
(75,735
)
|
|
S&P 500 Index
|
Morgan Stanley Co.
|
(6
)
|
(4,248,000
)
|
7,080.00
|
9-18-2026
|
(293,430
)
|
|
Description
|
Counterparty
|
Number of
contracts
|
Notional
amount
|
Exercise
price
|
Expiration
date
|
Value
|
|
Call (continued)
|
|
|
|
|
|
|
|
SPDR Dow Jones Industrial Average ETF
|
Morgan Stanley Co.
|
(86
)
|
$(4,644,000
)
|
$540.00
|
8-21-2026
|
$(9,030
)
|
|
SPDR Dow Jones Industrial Average ETF
|
Morgan Stanley Co.
|
(216
)
|
(11,988,000
)
|
555.00
|
8-31-2026
|
(10,136
)
|
|
|
|
|
|
|
|
$(1,059,727
)
|
|
|
Quoted prices
(Level 1)
|
Other significant
observable inputs
(Level 2)
|
Significant
unobservable inputs
(Level 3)
|
Total
|
|
Assets
|
|
|
|
|
|
Investments in:
|
|
|
|
|
|
Asset-backed securities
|
$0
|
$141,137
|
$0
|
$141,137
|
|
Common stocks
|
|
|
|
|
|
Australia
|
0
|
2,458,728
|
0
|
2,458,728
|
|
Brazil
|
6,864,451
|
0
|
0
|
6,864,451
|
|
Canada
|
4,570,600
|
0
|
0
|
4,570,600
|
|
China
|
2,451,520
|
5,746,781
|
0
|
8,198,301
|
|
Denmark
|
0
|
3,069,588
|
0
|
3,069,588
|
|
France
|
0
|
11,836,181
|
0
|
11,836,181
|
|
Germany
|
0
|
2,912,121
|
0
|
2,912,121
|
|
Ireland
|
8,505,741
|
0
|
0
|
8,505,741
|
|
Italy
|
0
|
3,432,668
|
0
|
3,432,668
|
|
Japan
|
0
|
14,486,123
|
0
|
14,486,123
|
|
Netherlands
|
0
|
7,872,278
|
0
|
7,872,278
|
|
Singapore
|
0
|
2,222,638
|
0
|
2,222,638
|
|
South Korea
|
0
|
5,067,779
|
0
|
5,067,779
|
|
Spain
|
0
|
4,744,621
|
0
|
4,744,621
|
|
Taiwan
|
7,429,307
|
0
|
0
|
7,429,307
|
|
United Kingdom
|
0
|
9,784,972
|
0
|
9,784,972
|
|
United States
|
179,813,858
|
3,480,859
|
0
|
183,294,717
|
|
Corporate bonds and notes
|
0
|
45,538,141
|
0
|
45,538,141
|
|
Loans
|
0
|
3,494,584
|
0
|
3,494,584
|
|
Preferred stocks
|
|
|
|
|
|
Brazil
|
4,001,297
|
0
|
0
|
4,001,297
|
|
United States
|
0
|
585,000
|
0
|
585,000
|
|
Yankee corporate bonds and notes
|
0
|
6,981,645
|
0
|
6,981,645
|
|
Short-term investments
|
|
|
|
|
|
Investment companies
|
5,673,801
|
0
|
0
|
5,673,801
|
|
Total assets
|
$219,310,575
|
$133,855,844
|
$0
|
$353,166,419
|
|
Liabilities
|
|
|
|
|
|
Written options
|
$1,049,446
|
$10,281
|
$0
|
$1,059,727
|
|
Total liabilities
|
$1,049,446
|
$10,281
|
$0
|
$1,059,727
|