|
Description
|
|
Par Value
|
Value
|
|
ADJUSTABLE RATE MORTGAGE − 0.0%**
|
|||
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) − 0.0%**
|
|||
|
Pool 612514, (RFUCCT1Y + 1.72%, Cap
9.04%, Floor 1.72%), 6.09%, 05/01/33Δ
|
|
$4,001
|
$4,029
|
|
TOTAL ADJUSTABLE RATE MORTGAGE
(COST $3,996)
|
$4,029
|
||
|
COLLATERALIZED MORTGAGE OBLIGATIONS − 0.0%**
|
|||
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) − 0.0%**
|
|||
|
Series 2005-29, Class WC, 4.75%, 04/25/35
|
|
1,709
|
1,704
|
|
WHOLE LOAN − 0.0%**
|
|||
|
Bank of America Mortgage Securities, Inc.,
Series 2004-A, Class 2A1, 5.25%,
02/25/34Δ
|
|
15,100
|
14,967
|
|
IndyMac INDA Mortgage Loan Trust,
Series 2005-AR1, Class 2A1, 4.75%,
11/25/35Δ
|
|
7,971
|
9,450
|
|
TOTAL WHOLE LOAN
|
$24,417
|
||
|
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(COST $24,677)
|
$26,121
|
||
|
CORPORATE BONDS − 40.4%
|
|||
|
AEROSPACE & DEFENSE − 1.7%
|
|||
|
Boeing Co. (The), Sr. Unsecured,
5.88%, 02/15/40
|
|
4,000,000
|
4,015,605
|
|
General Dynamics Corp., Company
Guaranteed,
4.95%, 08/15/35
|
|
1,000,000
|
982,373
|
|
L3Harris Technologies, Inc., Sr. Unsecured
|
|
|
|
|
2.90%, 12/15/29
|
|
1,000,000
|
941,327
|
|
5.40%, 07/31/33
|
|
3,000,000
|
3,020,356
|
|
5.35%, 06/01/34
|
|
2,900,000
|
2,891,557
|
|
TOTAL AEROSPACE & DEFENSE
|
$11,851,218
|
||
|
AUTOMOTIVE − 1.0%
|
|||
|
Ford Motor Credit Co. LLC, Sr. Unsecured
|
|
|
|
|
5.73%, 09/05/30
|
|
3,000,000
|
3,004,162
|
|
5.87%, 10/31/35
|
|
1,000,000
|
963,697
|
|
General Motors Co., Sr. Unsecured,
6.25%, 10/02/43
|
|
1,000,000
|
975,980
|
|
General Motors Financial Co., Inc., Sr.
Unsecured,
5.45%, 07/15/30
|
|
2,000,000
|
2,025,037
|
|
TOTAL AUTOMOTIVE
|
$6,968,876
|
||
|
BIOTECHNOLOGY − 0.4%
|
|||
|
Amgen, Inc., Sr. Unsecured,
5.65%, 03/02/53
|
|
3,000,000
|
2,783,243
|
|
BUILDING PRODUCTS − 0.2%
|
|||
|
Johnson Controls International PLC, Sr.
Unsecured,
5.50%, 04/19/29
|
|
1,400,000
|
1,425,915
|
|
Description
|
|
Par Value
|
Value
|
|
CAPITAL MARKETS − 1.4%
|
|||
|
Goldman Sachs Group, Inc. (The), Sr.
Unsecured
|
|
|
|
|
(3 Month Term SOFR + 1.77%), 3.69%,
06/05/28Δ
|
|
$2,080,000
|
$2,062,285
|
|
(SOFR + 1.03%), 4.97%, 06/03/32Δ
|
|
3,000,000
|
2,957,229
|
|
(SOFR + 1.25%), 2.38%, 07/21/32Δ
|
|
1,115,000
|
973,787
|
|
Morgan Stanley, Sr. Unsecured, (SOFR +
1.18%),
5.07%, 01/30/37Δ
|
|
3,000,000
|
2,878,405
|
|
Morgan Stanley, Sr. Unsecured, MTN, (SOFR +
3.12%),
3.62%, 04/01/31Δ
|
|
1,000,000
|
951,389
|
|
TOTAL CAPITAL MARKETS
|
$9,823,095
|
||
|
CHEMICALS − 0.6%
|
|||
|
Ecolab, Inc., Sr. Unsecured,
4.60%, 06/15/29
|
|
3,000,000
|
2,993,259
|
|
Nutrien Ltd., Sr. Unsecured,
4.50%, 03/12/27#
|
|
1,000,000
|
1,001,108
|
|
TOTAL CHEMICALS
|
$3,994,367
|
||
|
COMMERCIAL SERVICES & SUPPLIES − 0.5%
|
|||
|
Global Payments, Inc., Sr. Unsecured
|
|
|
|
|
4.50%, 11/15/28
|
|
2,600,000
|
2,567,798
|
|
2.90%, 05/15/30
|
|
1,000,000
|
912,921
|
|
TOTAL COMMERCIAL SERVICES & SUPPLIES
|
$3,480,719
|
||
|
COMPUTERS − 0.4%
|
|||
|
Hewlett Packard Enterprise Co., Sr.
Unsecured,
4.50%, 03/23/28
|
|
3,000,000
|
2,988,396
|
|
DIVERSIFIED FINANCIAL SERVICES − 9.3%
|
|||
|
American Express Co., Sr. Unsecured, (SOFR
+ 0.81%),
4.35%, 07/20/29Δ
|
|
1,770,000
|
1,760,632
|
|
Bank of America Corp., Sr. Unsecured, MTN,
3.25%, 10/21/27
|
|
1,095,000
|
1,081,551
|
|
Bank of America Corp., Subordinated, (SOFR
+ 1.57%),
5.49%, 04/23/37Δ
|
|
3,000,000
|
2,925,381
|
|
Bank of America Corp., Subordinated, MTN,
4.25%, 10/22/26
|
|
1,000,000
|
1,000,316
|
|
Bank of Montreal, Sr. Unsecured, (SOFR +
0.67%),
5.00%, 01/27/29#,Δ
|
|
2,550,000
|
2,565,545
|
|
Bank of Nova Scotia (The), Sr. Unsecured,
GMTN,
5.40%, 06/04/27
|
|
4,675,000
|
4,717,552
|
|
Canadian Imperial Bank of Commerce, Sr.
Unsecured,
5.24%, 06/28/27#
|
|
2,120,000
|
2,136,586
|
|
Capital One Financial Corp., Subordinated,
(SOFR + 2.04%),
6.18%, 01/30/36Δ
|
|
3,000,000
|
3,012,282
|
|
Charles Schwab Corp. (The), Sr. Unsecured,
3.20%, 03/02/27
|
|
2,894,000
|
2,874,976
|
|
Description
|
|
Par Value
|
Value
|
|
Citigroup, Inc., Sr. Unsecured, (SOFR +
1.49%),
5.17%, 09/11/36#,Δ
|
|
$3,000,000
|
$2,922,069
|
|
Citigroup, Inc., Subordinated,
4.13%, 07/25/28
|
|
3,900,000
|
3,849,228
|
|
Fifth Third Bancorp, Sr. Unsecured
|
|
|
|
|
3.95%, 03/14/28
|
|
3,000,000
|
2,966,424
|
|
(SOFR + 1.84%), 5.63%, 01/29/32Δ
|
|
1,250,000
|
1,273,622
|
|
(SOFR + 0.95%), 4.57%, 04/29/32Δ
|
|
2,000,000
|
1,946,221
|
|
FMR LLC, Sr. Unsecured,
6.45%, 11/15/39Ω
|
|
1,000,000
|
1,061,384
|
|
Huntington National Bank (The), Sr.
Unsecured, (SOFR + 0.72%),
4.87%, 04/12/28Δ
|
|
3,000,000
|
3,001,264
|
|
JPMorgan Chase & Co., Series W, Jr.
Subordinated, (3 Month Term SOFR +
1.26%),
4.91%, 05/15/47#,Δ
|
|
1,000,000
|
908,750
|
|
JPMorgan Chase & Co., Sr. Unsecured, (SOFR
+ 1.26%),
5.15%, 04/23/37Δ
|
|
3,000,000
|
2,914,800
|
|
PNC Bank NA, Subordinated, BKNT,
2.70%, 10/22/29
|
|
1,125,000
|
1,049,950
|
|
PNC Financial Services Group, Inc. (The), Sr.
Unsecured, (SOFR + 1.20%),
5.49%, 05/14/30Δ
|
|
2,000,000
|
2,032,701
|
|
Royal Bank of Canada, Sr. Unsecured,, (SOFR
+ 0.89%),
4.50%, 08/06/29Δ
|
|
3,430,000
|
3,415,575
|
|
Toronto-Dominion Bank (The), Sr. Unsecured,
4.86%, 01/31/28
|
|
1,510,000
|
1,515,960
|
|
Toronto-Dominion Bank (The), Sr. Unsecured,
MTN,
4.57%, 06/02/28
|
|
3,095,000
|
3,092,546
|
|
Truist Bank, Subordinated, BKNT
|
|
|
|
|
3.80%, 10/30/26
|
|
1,000,000
|
998,875
|
|
2.25%, 03/11/30
|
|
1,850,000
|
1,678,077
|
|
Truist Financial Corp., Sr. Unsecured, MTN,
(SOFR + 2.36%),
5.87%, 06/08/34Δ
|
|
1,500,000
|
1,534,105
|
|
U.S. Bancorp, Sr. Unsecured, (SOFR + 1.30%),
5.08%, 05/15/31Δ
|
|
1,745,000
|
1,751,105
|
|
U.S. Bancorp, Subordinated, (5 yr. US Treasury
Yield Curve Rate T Note Constant Maturity
+ 1.25%),
5.72%, 05/20/41Δ
|
|
3,000,000
|
2,931,492
|
|
Wells Fargo & Co., Subordinated, MTN,
4.40%, 06/14/46
|
|
1,000,000
|
780,334
|
|
TOTAL DIVERSIFIED FINANCIAL SERVICES
|
$63,699,303
|
||
|
ELECTRIC − 4.4%
|
|||
|
Ameren Corp., Sr. Unsecured,
5.70%, 12/01/26
|
|
1,450,000
|
1,454,913
|
|
DTE Energy Co., Sr. Unsecured
|
|
|
|
|
4.95%, 07/01/27
|
|
2,000,000
|
2,007,851
|
|
5.20%, 04/01/30
|
|
4,000,000
|
4,038,510
|
|
Duke Energy Indiana LLC, 1st Mortgage,
5.90%, 05/15/55
|
|
5,000,000
|
4,805,727
|
|
Entergy Arkansas LLC, 1st Mortgage,
5.75%, 01/15/56
|
|
1,000,000
|
943,370
|
|
Exelon Corp., Sr. Unsecured
|
|
|
|
|
5.15%, 03/15/29
|
|
3,015,000
|
3,045,791
|
|
5.13%, 03/15/31#
|
|
2,000,000
|
2,020,861
|
|
Description
|
|
Par Value
|
Value
|
|
4.70%, 04/15/50
|
|
$2,000,000
|
$1,600,929
|
|
FirstEnergy Corp., Series B, Sr. Unsecured,
3.90%, 07/15/27
|
|
5,000,000
|
4,976,445
|
|
Public Service Electric and Gas Co., Secured,
4.20%, 01/01/31
|
|
2,000,000
|
1,950,696
|
|
Southwestern Public Service Co., 1st
Mortgage,
6.00%, 06/01/54
|
|
1,175,000
|
1,151,391
|
|
Union Electric Co., 1st Mortgage,
3.50%, 03/15/29
|
|
220,000
|
213,545
|
|
WEC Energy Group, Inc., Sr. Unsecured,
1.80%, 10/15/30
|
|
394,000
|
348,943
|
|
Wisconsin Public Service Corp., Sr.
Unsecured,
4.25%, 01/15/31
|
|
2,000,000
|
1,955,946
|
|
TOTAL ELECTRIC
|
$30,514,918
|
||
|
ELECTRONICS − 0.3%
|
|||
|
Hubbell, Inc., Sr. Unsecured,
5.15%, 06/15/36
|
|
1,890,000
|
1,836,028
|
|
FOOD & STAPLES RETAILING − 1.0%
|
|||
|
Campbell's Company (The), Sr. Unsecured,
4.55%, 03/21/31
|
|
3,000,000
|
2,898,198
|
|
Conagra Brands, Inc., Sr. Unsecured,
5.40%, 11/01/48
|
|
665,000
|
562,991
|
|
General Mills, Inc., Sr. Unsecured,
2.88%, 04/15/30
|
|
4,000,000
|
3,717,292
|
|
TOTAL FOOD & STAPLES RETAILING
|
$7,178,481
|
||
|
GAS − 0.2%
|
|||
|
Southern Co. Gas Capital Corp., Company
Guaranteed,
3.95%, 10/01/46
|
|
1,425,000
|
1,078,679
|
|
HEALTHCARE-PRODUCTS − 0.6%
|
|||
|
Baxter International, Inc., Sr. Unsecured,
1.73%, 04/01/31
|
|
2,500,000
|
2,116,787
|
|
Zimmer Biomet Holdings, Inc., Sr. Unsecured,
4.70%, 02/19/27#
|
|
2,000,000
|
2,004,252
|
|
TOTAL HEALTHCARE-PRODUCTS
|
$4,121,039
|
||
|
HEALTHCARE-SERVICES − 0.7%
|
|||
|
Cigna Group (The), Company Guaranteed,
4.80%, 07/15/46
|
|
1,000,000
|
844,458
|
|
CommonSpirit Health, Sr. Secured,
3.35%, 10/01/29
|
|
150,000
|
143,102
|
|
Elevance Health, Inc., Sr. Unsecured,
3.65%, 12/01/27
|
|
1,650,000
|
1,631,314
|
|
NYU Langone Hospitals, Series 2020,
Secured,
3.38%, 07/01/55#
|
|
1,000,000
|
648,200
|
|
UnitedHealth Group, Inc., Sr. Unsecured
|
|
|
|
|
2.95%, 10/15/27
|
|
1,350,000
|
1,327,590
|
|
3.95%, 10/15/42
|
|
290,000
|
230,383
|
|
TOTAL HEALTHCARE-SERVICES
|
$4,825,047
|
||
|
INSURANCE − 2.1%
|
|||
|
Aon North America, Inc., Company
Guaranteed
|
|
|
|
|
5.15%, 03/01/29
|
|
2,000,000
|
2,014,730
|
|
5.75%, 03/01/54
|
|
2,000,000
|
1,876,278
|
|
Description
|
|
Par Value
|
Value
|
|
CNA Financial Corp., Sr. Unsecured,
5.20%, 08/15/35
|
|
$3,000,000
|
$2,884,585
|
|
Hartford Insurance Group, Inc. (The), Sr.
Unsecured,
5.95%, 10/15/36
|
|
2,000,000
|
2,063,301
|
|
Lincoln Financial Global Funding, Secured,
5.30%, 01/13/30Ω
|
|
3,000,000
|
3,008,202
|
|
W.R. Berkley Corp., Sr. Unsecured
|
|
|
|
|
4.75%, 08/01/44
|
|
1,715,000
|
1,472,523
|
|
4.00%, 05/12/50
|
|
1,425,000
|
1,052,317
|
|
TOTAL INSURANCE
|
$14,371,936
|
||
|
MACHINERY − 0.7%
|
|||
|
Caterpillar Financial Services Corp., Sr.
Unsecured,
4.30%, 05/15/29
|
|
4,975,000
|
4,934,538
|
|
MEDIA − 0.3%
|
|||
|
Space Exploration Technologies Corp., Sr.
Unsecured,
5.35%, 07/15/31Ω
|
|
2,000,000
|
1,947,560
|
|
MISCELLANEOUS MANUFACTURING − 0.3%
|
|||
|
Textron, Inc., Sr. Unsecured,
2.45%, 03/15/31
|
|
2,000,000
|
1,790,532
|
|
OIL & GAS − 0.5%
|
|||
|
Diamondback Energy, Inc., Company
Guaranteed,
5.40%, 04/18/34
|
|
1,245,000
|
1,248,104
|
|
Pioneer Natural Resources Co., Sr.
Unsecured,
2.15%, 01/15/31
|
|
1,000,000
|
890,480
|
|
Valero Energy Corp., Sr. Unsecured
|
|
|
|
|
2.15%, 09/15/27
|
|
800,000
|
779,264
|
|
4.90%, 03/15/45#
|
|
563,000
|
487,669
|
|
TOTAL OIL & GAS
|
$3,405,517
|
||
|
ONLINE RETAILER − 0.4%
|
|||
|
Meta Platforms, Inc., Sr. Unsecured,
5.50%, 11/15/45
|
|
3,000,000
|
2,599,949
|
|
PHARMACEUTICALS − 1.8%
|
|||
|
Cardinal Health, Inc., Sr. Unsecured,
5.15%, 09/15/35
|
|
3,000,000
|
2,932,891
|
|
CVS Health Corp., Sr. Unsecured
|
|
|
|
|
5.00%, 01/30/29
|
|
2,000,000
|
2,010,038
|
|
5.45%, 09/15/35
|
|
1,000,000
|
987,865
|
|
Eli Lilly & Co., Sr. Unsecured,
4.65%, 05/20/33
|
|
5,525,000
|
5,413,340
|
|
Pfizer, Inc., Sr. Unsecured,
2.63%, 04/01/30
|
|
650,000
|
603,802
|
|
Zoetis, Inc., Sr. Unsecured,
3.95%, 09/12/47
|
|
1,005,000
|
750,753
|
|
TOTAL PHARMACEUTICALS
|
$12,698,689
|
||
|
PIPELINES − 3.4%
|
|||
|
Enbridge, Inc., Company Guaranteed
|
|
|
|
|
4.90%, 06/20/30
|
|
1,000,000
|
1,000,019
|
|
4.85%, 03/27/31
|
|
2,000,000
|
1,986,820
|
|
Energy Transfer LP, Sr. Unsecured
|
|
|
|
|
4.00%, 10/01/27
|
|
2,000,000
|
1,985,937
|
|
4.95%, 06/15/28
|
|
2,000,000
|
2,008,940
|
|
5.30%, 04/15/47
|
|
3,000,000
|
2,592,087
|
|
Description
|
|
Par Value
|
Value
|
|
Enterprise Products Operating LLC, Company
Guaranteed
|
|
|
|
|
4.20%, 01/31/50
|
|
$1,120,000
|
$863,273
|
|
4.95%, 10/15/54
|
|
500,000
|
425,189
|
|
Kinder Morgan Energy Partners LP, Company
Guaranteed,
5.40%, 09/01/44
|
|
1,000,000
|
913,915
|
|
Kinder Morgan, Inc., Company Guaranteed,
3.60%, 02/15/51
|
|
1,315,000
|
881,116
|
|
MPLX LP, Sr. Unsecured,
6.10%, 04/01/56
|
|
3,000,000
|
2,850,567
|
|
ONEOK Partners LP, Company Guaranteed,
6.20%, 09/15/43
|
|
1,000,000
|
996,339
|
|
ONEOK, Inc., Company Guaranteed,
6.10%, 11/15/32
|
|
1,000,000
|
1,043,164
|
|
Targa Resources Corp., Company Guaranteed,
5.65%, 02/15/36
|
|
3,900,000
|
3,886,748
|
|
Targa Resources Partners LP, Company
Guaranteed,
4.88%, 02/01/31
|
|
1,245,000
|
1,233,315
|
|
Williams Cos., Inc. (The), Sr. Unsecured,
3.50%, 10/15/51
|
|
1,485,000
|
980,511
|
|
TOTAL PIPELINES
|
$23,647,940
|
||
|
REAL ESTATE INVESTMENT TRUSTS − 3.7%
|
|||
|
American Tower Corp., Sr. Unsecured
|
|
|
|
|
3.13%, 01/15/27
|
|
1,000,000
|
994,003
|
|
4.05%, 03/15/32
|
|
1,000,000
|
943,952
|
|
3.10%, 06/15/50
|
|
1,500,000
|
925,932
|
|
AvalonBay Communities, Inc., Sr. Unsecured,
MTN,
3.35%, 05/15/27#
|
|
1,420,000
|
1,409,966
|
|
Boston Properties LP, Sr. Unsecured
|
|
|
|
|
3.25%, 01/30/31
|
|
1,000,000
|
924,397
|
|
5.75%, 01/15/35
|
|
3,000,000
|
2,972,938
|
|
Crown Castle, Inc., Sr. Unsecured,
3.80%, 02/15/28
|
|
2,000,000
|
1,970,907
|
|
Healthcare Realty Holdings LP, Company
Guaranteed
|
|
|
|
|
3.63%, 01/15/28
|
|
1,100,000
|
1,080,799
|
|
3.10%, 02/15/30
|
|
4,000,000
|
3,739,174
|
|
Healthpeak OP LLC, Company Guaranteed,
2.88%, 01/15/31
|
|
2,350,000
|
2,148,331
|
|
Prologis LP, Sr. Unsecured,
4.25%, 06/15/31#
|
|
3,000,000
|
2,917,552
|
|
Ventas Realty LP, Company Guaranteed
|
|
|
|
|
4.00%, 03/01/28
|
|
250,000
|
247,388
|
|
5.10%, 07/15/32
|
|
4,000,000
|
3,987,626
|
|
Welltower OP LLC, Company Guaranteed,
4.95%, 09/01/48
|
|
1,000,000
|
884,712
|
|
TOTAL REAL ESTATE INVESTMENT TRUSTS
|
$25,147,677
|
||
|
RETAIL − 0.1%
|
|||
|
Nordstrom, Inc., Sr. Secured,
5.00%, 01/15/44
|
|
1,000,000
|
722,400
|
|
SEMICONDUCTORS − 1.1%
|
|||
|
Broadcom, Inc., Sr. Unsecured
|
|
|
|
|
4.35%, 02/15/30
|
|
2,000,000
|
1,953,955
|
|
5.20%, 07/15/35
|
|
3,000,000
|
2,886,121
|
|
Description
|
|
Par Value
|
Value
|
|
Intel Corp., Sr. Unsecured,
4.65%, 06/01/31
|
|
$3,000,000
|
$2,936,454
|
|
TOTAL SEMICONDUCTORS
|
$7,776,530
|
||
|
SOFTWARE − 1.0%
|
|||
|
Oracle Corp., Sr. Unsecured,
6.00%, 08/03/55
|
|
4,000,000
|
3,223,304
|
|
Roper Technologies, Inc., Sr. Unsecured,
5.10%, 09/15/35
|
|
2,000,000
|
1,905,206
|
|
Workday, Inc., Sr. Unsecured,
3.50%, 04/01/27
|
|
1,385,000
|
1,376,910
|
|
TOTAL SOFTWARE
|
$6,505,420
|
||
|
TELECOMMUNICATIONS − 1.0%
|
|||
|
AT&T, Inc., Sr. Unsecured
|
|
|
|
|
4.50%, 05/15/35
|
|
845,000
|
774,811
|
|
3.55%, 09/15/55
|
|
1,423,000
|
858,445
|
|
T-Mobile USA, Inc., Company Guaranteed
|
|
|
|
|
2.55%, 02/15/31
|
|
4,000,000
|
3,590,456
|
|
5.75%, 01/15/34
|
|
1,275,000
|
1,297,412
|
|
Verizon Communications, Inc., Sr. Unsecured,
2.36%, 03/15/32
|
|
305,000
|
264,045
|
|
TOTAL TELECOMMUNICATIONS
|
$6,785,169
|
||
|
TRANSPORTATION − 0.9%
|
|||
|
FedEx Corp., Company Guaranteed,
3.10%, 08/05/29
|
|
2,000,000
|
1,904,383
|
|
Ryder System, Inc., Sr. Unsecured,,
4.30%, 12/01/30
|
|
1,300,000
|
1,266,656
|
|
Ryder System, Inc., Sr. Unsecured, MTN,
2.85%, 03/01/27
|
|
2,645,000
|
2,620,338
|
|
Union Pacific Corp., Sr. Unsecured,
4.30%, 03/01/49
|
|
675,000
|
532,739
|
|
TOTAL TRANSPORTATION
|
$6,324,116
|
||
|
TRUCKING & LEASING − 0.4%
|
|||
|
GATX Corp., Sr. Unsecured
|
|
|
|
|
3.85%, 03/30/27
|
|
1,500,000
|
1,491,862
|
|
4.00%, 06/30/30
|
|
1,000,000
|
966,140
|
|
5.20%, 03/15/44
|
|
640,000
|
573,503
|
|
TOTAL TRUCKING & LEASING
|
$3,031,505
|
||
|
TOTAL CORPORATE BONDS
(COST $289,061,507)
|
$278,258,802
|
||
|
GOVERNMENT AGENCIES − 0.8%
|
|||
|
FEDERAL HOME LOAN BANK (FHLB) − 0.6%
|
|||
|
3.25%, 11/16/28#
|
|
4,460,000
|
4,351,254
|
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) − 0.2%
|
|||
|
6.25%, 05/15/29#
|
|
750,000
|
786,194
|
|
7.25%, 05/15/30#
|
|
400,000
|
439,282
|
|
TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
|
$1,225,476
|
||
|
TOTAL GOVERNMENT AGENCIES
(COST $5,810,286)
|
$5,576,730
|
||
|
MORTGAGE-BACKED SECURITIES − 26.9%
|
|||
|
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC) − 9.6%
|
|||
|
Pool C00478, 8.50%, 09/01/26
|
|
90
|
90
|
|
Pool E09010, 2.50%, 09/01/27
|
|
27,155
|
26,816
|
|
Description
|
|
Par Value
|
Value
|
|
Pool G18497, 3.00%, 01/01/29
|
|
$7,853
|
$7,755
|
|
Pool C01272, 6.00%, 12/01/31
|
|
3,334
|
3,391
|
|
Pool A13990, 4.50%, 10/01/33
|
|
3,341
|
3,311
|
|
Pool G01625, 5.00%, 11/01/33
|
|
10,820
|
10,794
|
|
Pool A18401, 6.00%, 02/01/34
|
|
4,136
|
4,294
|
|
Pool QN1900, 3.00%, 04/01/35
|
|
331,177
|
314,120
|
|
Pool G08097, 6.50%, 11/01/35
|
|
7,037
|
7,324
|
|
Pool G02296, 5.00%, 06/01/36
|
|
30,393
|
30,620
|
|
Pool G02390, 6.00%, 09/01/36
|
|
3,276
|
3,387
|
|
Pool G05317, 5.00%, 04/01/37
|
|
127,210
|
128,186
|
|
Pool G08193, 6.00%, 04/01/37
|
|
5,821
|
6,074
|
|
Pool G03703, 5.50%, 12/01/37
|
|
3,771
|
3,850
|
|
Pool G04776, 5.50%, 07/01/38
|
|
14,407
|
14,634
|
|
Pool G05500, 5.00%, 05/01/39
|
|
117,336
|
117,710
|
|
Pool A93415, 4.00%, 08/01/40
|
|
183,148
|
174,126
|
|
Pool A93505, 4.50%, 08/01/40
|
|
225,567
|
219,519
|
|
Pool A93996, 4.50%, 09/01/40
|
|
168,367
|
163,852
|
|
Pool G06222, 4.00%, 01/01/41
|
|
264,625
|
250,685
|
|
Pool A97047, 4.50%, 02/01/41
|
|
164,583
|
160,430
|
|
Pool G06956, 4.50%, 08/01/41
|
|
165,258
|
161,087
|
|
Pool C03750, 3.50%, 02/01/42
|
|
76,620
|
70,203
|
|
Pool C03849, 3.50%, 04/01/42
|
|
41,904
|
37,828
|
|
Pool Q08305, 3.50%, 05/01/42
|
|
296,906
|
277,028
|
|
Pool C04305, 3.00%, 11/01/42
|
|
812,542
|
724,856
|
|
Pool C09020, 3.50%, 11/01/42
|
|
609,478
|
558,514
|
|
Pool G07266, 4.00%, 12/01/42
|
|
524,070
|
494,565
|
|
Pool C04444, 3.00%, 01/01/43
|
|
26,947
|
24,140
|
|
Pool C09029, 3.00%, 03/01/43
|
|
115,995
|
103,745
|
|
Pool G08534, 3.00%, 06/01/43
|
|
142,977
|
127,880
|
|
Pool Q19476, 3.50%, 06/01/43
|
|
227,565
|
208,916
|
|
Pool C09044, 3.50%, 07/01/43
|
|
270,903
|
248,701
|
|
Pool G07889, 3.50%, 08/01/43
|
|
220,186
|
201,724
|
|
Pool G07624, 4.00%, 12/01/43
|
|
242,628
|
230,248
|
|
Pool G60038, 3.50%, 01/01/44
|
|
1,299,963
|
1,191,134
|
|
Pool G07680, 4.00%, 04/01/44
|
|
419,773
|
395,758
|
|
Pool G07943, 4.50%, 08/01/44
|
|
22,237
|
21,588
|
|
Pool G08607, 4.50%, 09/01/44
|
|
152,859
|
148,588
|
|
Pool Q33547, 3.50%, 05/01/45
|
|
213,681
|
194,704
|
|
Pool Q36970, 4.00%, 10/01/45
|
|
98,950
|
91,944
|
|
Pool G60384, 4.50%, 12/01/45
|
|
15,453
|
15,006
|
|
Pool Q39644, 3.50%, 03/01/46
|
|
621,863
|
561,161
|
|
Pool Q39438, 4.00%, 03/01/46
|
|
652,704
|
610,884
|
|
Pool G08705, 3.00%, 05/01/46
|
|
59,501
|
52,381
|
|
Pool G08708, 4.50%, 05/01/46
|
|
105,341
|
101,066
|
|
Pool ZS4671, 3.00%, 08/01/46
|
|
384,852
|
338,348
|
|
Pool Q44452, 3.00%, 11/01/46
|
|
556,337
|
488,206
|
|
Pool ZS4693, 3.00%, 12/01/46
|
|
1,074,715
|
938,798
|
|
Pool SD8037, 2.50%, 01/01/50
|
|
2,182,354
|
1,811,808
|
|
Pool RA2341, 2.50%, 04/01/50
|
|
1,885,175
|
1,559,651
|
|
Pool SD8104, 1.50%, 11/01/50
|
|
2,014,269
|
1,498,803
|
|
Pool RA4349, 2.50%, 01/01/51
|
|
963,523
|
796,609
|
|
Pool SD8141, 2.50%, 04/01/51
|
|
918,851
|
754,791
|
|
Pool SD0778, 2.50%, 12/01/51
|
|
3,989,540
|
3,252,325
|
|
Pool SD8190, 3.00%, 01/01/52
|
|
1,652,622
|
1,423,905
|
|
Pool SD8199, 2.00%, 03/01/52
|
|
4,149,540
|
3,254,828
|
|
Pool QE2363, 3.50%, 05/01/52
|
|
961,188
|
854,195
|
|
Pool SD3139, 3.50%, 07/01/52
|
|
837,649
|
743,934
|
|
Description
|
|
Par Value
|
Value
|
|
Pool RA7777, 4.50%, 08/01/52
|
|
$2,583,214
|
$2,429,878
|
|
Pool SD8254, 3.00%, 10/01/52
|
|
3,101,465
|
2,643,092
|
|
Pool SD2066, 4.00%, 12/01/52
|
|
531,828
|
485,889
|
|
Pool SD3238, 5.50%, 12/01/52
|
|
1,445,131
|
1,438,564
|
|
Pool SD2617, 5.00%, 03/01/53
|
|
4,390,622
|
4,266,277
|
|
Pool RA8714, 4.50%, 04/01/53
|
|
6,086,904
|
5,730,078
|
|
Pool RA8647, 4.50%, 05/01/53
|
|
1,913,851
|
1,813,983
|
|
Pool SD3786, 5.00%, 05/01/53
|
|
1,060,410
|
1,029,975
|
|
Pool RA9431, 5.50%, 07/01/53
|
|
2,623,071
|
2,628,938
|
|
Pool SD3745, 6.00%, 09/01/53
|
|
2,646,457
|
2,695,014
|
|
Pool SD5763, 5.50%, 07/01/54
|
|
1,874,453
|
1,866,190
|
|
Pool RJ2210, 6.00%, 08/01/54
|
|
4,243,501
|
4,304,571
|
|
Pool RJ3017, 5.00%, 12/01/54
|
|
504,731
|
487,447
|
|
Pool SL0727, 5.50%, 02/01/55
|
|
2,119,008
|
2,115,659
|
|
Pool SL3524, 5.50%, 06/01/55
|
|
6,241,173
|
6,203,699
|
|
TOTAL FEDERAL HOME LOAN MORTGAGE CORPORATION
(FHLMC)
|
$66,360,072
|
||
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) − 17.3%
|
|||
|
Pool 256639, 5.00%, 02/01/27
|
|
597
|
597
|
|
Pool 256752, 6.00%, 06/01/27
|
|
1,057
|
1,060
|
|
Pool 257007, 6.00%, 12/01/27
|
|
1,529
|
1,538
|
|
Pool AB8997, 2.50%, 04/01/28
|
|
10,293
|
10,153
|
|
Pool AS4480, 2.50%, 02/01/30
|
|
112,163
|
109,063
|
|
Pool AS7462, 2.50%, 06/01/31
|
|
65,890
|
63,347
|
|
Pool 254007, 6.50%, 10/01/31
|
|
1,669
|
1,720
|
|
Pool 254240, 7.00%, 03/01/32
|
|
5,767
|
5,994
|
|
Pool 638023, 6.50%, 04/01/32
|
|
16,775
|
17,232
|
|
Pool 642345, 6.50%, 05/01/32
|
|
9,811
|
10,082
|
|
Pool 651292, 6.50%, 07/01/32
|
|
23,687
|
24,149
|
|
Pool 686398, 6.00%, 03/01/33
|
|
26,648
|
27,446
|
|
Pool BP6496, 2.00%, 07/01/35
|
|
490,268
|
446,902
|
|
Pool MA4095, 2.00%, 08/01/35
|
|
632,938
|
574,922
|
|
Pool 745412, 5.50%, 12/01/35
|
|
9,062
|
9,214
|
|
Pool 888789, 5.00%, 07/01/36
|
|
53,445
|
53,615
|
|
Pool 256515, 6.50%, 12/01/36
|
|
3,800
|
3,992
|
|
Pool AE0217, 4.50%, 08/01/40
|
|
26,972
|
26,502
|
|
Pool AB1796, 3.50%, 11/01/40
|
|
156,453
|
145,084
|
|
Pool AH5583, 4.50%, 02/01/41
|
|
70,025
|
68,124
|
|
Pool 890551, 4.50%, 08/01/41
|
|
17,604
|
17,123
|
|
Pool AL0658, 4.50%, 08/01/41
|
|
102,299
|
99,501
|
|
Pool AL1319, 4.50%, 10/01/41
|
|
123,258
|
119,167
|
|
Pool AL6302, 4.50%, 10/01/41
|
|
181,323
|
176,401
|
|
Pool AX5302, 4.00%, 01/01/42
|
|
314,861
|
298,267
|
|
Pool AK4523, 4.00%, 03/01/42
|
|
350,596
|
329,636
|
|
Pool AL2034, 4.50%, 04/01/42
|
|
34,556
|
33,568
|
|
Pool AB7936, 3.00%, 02/01/43
|
|
536,223
|
480,544
|
|
Pool AL3761, 4.50%, 02/01/43
|
|
53,788
|
52,346
|
|
Pool MA1458, 3.00%, 06/01/43
|
|
113,186
|
101,585
|
|
Pool AT7899, 3.50%, 07/01/43
|
|
747,567
|
688,881
|
|
Pool AS0302, 3.00%, 08/01/43
|
|
1,237,702
|
1,110,833
|
|
Pool AU4279, 3.00%, 09/01/43
|
|
251,690
|
225,893
|
|
Pool AL5537, 4.50%, 04/01/44
|
|
83,842
|
81,550
|
|
Pool AS3155, 4.00%, 08/01/44
|
|
12,664
|
11,939
|
|
Pool AX0833, 3.50%, 09/01/44
|
|
199,928
|
183,709
|
|
Pool AL6325, 3.00%, 10/01/44
|
|
792,442
|
711,134
|
|
Pool AS5136, 4.00%, 06/01/45
|
|
70,998
|
66,668
|
|
Pool AZ7362, 4.00%, 11/01/45
|
|
193,945
|
182,163
|
|
Description
|
|
Par Value
|
Value
|
|
Pool AZ9565, 3.50%, 12/01/45
|
|
$274,838
|
$249,777
|
|
Pool BC0326, 3.50%, 12/01/45
|
|
253,039
|
229,967
|
|
Pool BC0245, 3.00%, 02/01/46
|
|
158,154
|
139,041
|
|
Pool BC0830, 3.00%, 04/01/46
|
|
236,485
|
207,913
|
|
Pool AS7568, 4.50%, 07/01/46
|
|
33,319
|
32,102
|
|
Pool BC4764, 3.00%, 10/01/46
|
|
330,771
|
290,636
|
|
Pool MA2771, 3.00%, 10/01/46
|
|
97,804
|
85,932
|
|
Pool AS8276, 3.00%, 11/01/46
|
|
336,700
|
295,823
|
|
Pool BC9003, 3.00%, 11/01/46
|
|
345,764
|
303,790
|
|
Pool BE1899, 3.00%, 11/01/46
|
|
1,354,377
|
1,189,933
|
|
Pool BE3767, 3.50%, 07/01/47
|
|
296,629
|
268,265
|
|
Pool BH2618, 3.50%, 08/01/47
|
|
86,708
|
78,415
|
|
Pool MA3088, 4.00%, 08/01/47
|
|
254,136
|
236,091
|
|
Pool BH4010, 4.50%, 09/01/47
|
|
230,905
|
220,711
|
|
Pool BH9215, 3.50%, 01/01/48
|
|
428,436
|
387,445
|
|
Pool BJ0650, 3.50%, 03/01/48
|
|
1,788,327
|
1,612,048
|
|
Pool BJ0639, 4.00%, 03/01/48
|
|
100,463
|
93,190
|
|
Pool BJ9169, 4.00%, 05/01/48
|
|
464,518
|
430,915
|
|
Pool BK4764, 4.00%, 08/01/48
|
|
444,596
|
412,414
|
|
Pool BN1628, 4.50%, 11/01/48
|
|
200,324
|
190,473
|
|
Pool BM5334, 3.50%, 01/01/49
|
|
403,502
|
364,995
|
|
Pool MA3871, 3.00%, 12/01/49
|
|
1,105,459
|
955,080
|
|
Pool CA5306, 3.00%, 03/01/50
|
|
891,843
|
770,770
|
|
Pool CA5353, 3.50%, 03/01/50
|
|
824,506
|
737,316
|
|
Pool MA4100, 2.00%, 08/01/50
|
|
1,066,737
|
840,571
|
|
Pool FM3989, 2.50%, 08/01/50
|
|
671,036
|
554,451
|
|
Pool CA6983, 2.00%, 09/01/50
|
|
1,862,397
|
1,473,632
|
|
Pool CA7106, 2.00%, 09/01/50
|
|
1,182,478
|
935,611
|
|
Pool MA4119, 2.00%, 09/01/50
|
|
800,285
|
630,585
|
|
Pool BQ2999, 2.50%, 10/01/50
|
|
1,559,573
|
1,285,563
|
|
Pool CA7383, 3.00%, 10/01/50
|
|
1,028,203
|
885,569
|
|
Pool CA7734, 2.50%, 11/01/50
|
|
1,073,048
|
884,147
|
|
Pool FM5297, 3.00%, 11/01/50
|
|
1,380,069
|
1,199,854
|
|
Pool MA4208, 2.00%, 12/01/50
|
|
828,443
|
654,045
|
|
Pool CA8021, 2.50%, 12/01/50
|
|
3,190,363
|
2,636,268
|
|
Pool FM5166, 3.00%, 12/01/50
|
|
711,638
|
615,097
|
|
Pool BQ4495, 2.00%, 02/01/51
|
|
4,462,910
|
3,510,965
|
|
Pool CA8929, 2.00%, 02/01/51
|
|
2,092,898
|
1,656,016
|
|
Pool FM6426, 2.00%, 03/01/51
|
|
1,753,513
|
1,404,315
|
|
Pool CB0199, 3.00%, 04/01/51
|
|
563,008
|
482,022
|
|
Pool BR7857, 2.50%, 05/01/51
|
|
2,748,659
|
2,263,396
|
|
Pool FM7188, 2.50%, 05/01/51
|
|
1,848,197
|
1,540,366
|
|
Pool CB0727, 2.50%, 06/01/51
|
|
4,782,618
|
3,957,619
|
|
Pool FM8440, 2.50%, 08/01/51
|
|
1,095,974
|
905,845
|
|
Pool FM8745, 2.50%, 09/01/51
|
|
1,912,740
|
1,563,592
|
|
Pool BT6823, 2.50%, 10/01/51
|
|
2,809,018
|
2,312,520
|
|
Pool FM9482, 3.00%, 11/01/51
|
|
1,458,645
|
1,243,883
|
|
Pool FM9949, 2.00%, 12/01/51
|
|
699,951
|
559,253
|
|
Pool FM9871, 2.50%, 12/01/51
|
|
5,092,015
|
4,214,326
|
|
Pool BU1416, 3.00%, 01/01/52
|
|
1,676,207
|
1,449,547
|
|
Pool FS6380, 2.50%, 02/01/52
|
|
3,216,976
|
2,623,338
|
|
Pool FS0982, 3.00%, 03/01/52
|
|
1,442,256
|
1,242,292
|
|
Pool FS1571, 2.00%, 04/01/52
|
|
3,152,500
|
2,475,121
|
|
Pool CB3334, 3.50%, 04/01/52
|
|
4,506,861
|
4,025,735
|
|
Pool MA4598, 2.50%, 05/01/52
|
|
5,904,717
|
4,836,461
|
|
Pool BV7245, 4.00%, 05/01/52
|
|
5,108,701
|
4,686,407
|
|
Pool MA4644, 4.00%, 05/01/52
|
|
1,005,858
|
923,535
|
|
Description
|
|
Par Value
|
Value
|
|
Pool FA0609, 2.00%, 06/01/52
|
|
$4,113,170
|
$3,219,701
|
|
Pool CB4818, 4.00%, 10/01/52
|
|
882,263
|
810,161
|
|
Pool CB4800, 4.50%, 10/01/52
|
|
5,157,381
|
4,884,662
|
|
Pool FS5676, 5.00%, 12/01/52
|
|
5,405,425
|
5,269,524
|
|
Pool FS6931, 5.50%, 01/01/53
|
|
2,365,265
|
2,354,524
|
|
Pool FS5113, 5.50%, 07/01/53
|
|
526,484
|
521,788
|
|
Pool MA5108, 6.00%, 08/01/53
|
|
1,833,630
|
1,854,831
|
|
Pool CB7336, 5.50%, 10/01/53
|
|
3,119,165
|
3,100,464
|
|
Pool FA4725, 5.50%, 11/01/53
|
|
2,004,472
|
1,997,697
|
|
Pool CB8151, 5.50%, 03/01/54
|
|
3,101,239
|
3,078,007
|
|
Pool CB8709, 6.00%, 06/01/54
|
|
2,128,396
|
2,158,534
|
|
Pool FS9945, 6.50%, 09/01/54
|
|
1,684,582
|
1,740,110
|
|
Pool FS9801, 5.50%, 11/01/54
|
|
7,128,136
|
7,092,348
|
|
Pool CB9610, 5.00%, 12/01/54
|
|
4,245,449
|
4,125,996
|
|
TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
|
$119,034,980
|
||
|
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA) − 0.0%**
|
|||
|
Pool 780825, 6.50%, 07/15/28
|
|
3,842
|
3,894
|
|
Pool 2616, 7.00%, 07/20/28
|
|
2,282
|
2,313
|
|
Pool 2701, 6.50%, 01/20/29
|
|
5,896
|
5,991
|
|
Pool 426727, 7.00%, 02/15/29
|
|
993
|
998
|
|
Pool 503405, 6.50%, 04/15/29
|
|
3,538
|
3,625
|
|
Pool 781231, 7.00%, 12/15/30
|
|
3,536
|
3,592
|
|
TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
(GNMA)
|
$20,413
|
||
|
TOTAL MORTGAGE-BACKED SECURITIES
(COST $202,981,239)
|
$185,415,465
|
||
|
U.S. TREASURY OBLIGATIONS − 30.7%
|
|||
|
U.S. TREASURY BONDS − 9.4%
|
|||
|
6.38%, 08/15/27#
|
|
450,000
|
458,951
|
|
5.25%, 02/15/29
|
|
9,000,000
|
9,205,533
|
|
6.25%, 05/15/30
|
|
500,000
|
531,515
|
|
4.38%, 05/15/40
|
|
2,000,000
|
1,877,910
|
|
2.00%, 11/15/41
|
|
985,000
|
655,735
|
|
2.38%, 02/15/42
|
|
2,000,000
|
1,401,470
|
|
3.00%, 05/15/42
|
|
500,000
|
382,880
|
|
3.63%, 08/15/43
|
|
881,000
|
721,124
|
|
3.75%, 11/15/43
|
|
365,000
|
303,143
|
|
3.63%, 02/15/44
|
|
2,106,000
|
1,713,961
|
|
3.13%, 08/15/44
|
|
6,637,000
|
4,981,661
|
|
3.00%, 11/15/44
|
|
2,000,000
|
1,465,156
|
|
4.63%, 11/15/44
|
|
5,250,000
|
4,862,355
|
|
2.50%, 02/15/45
|
|
2,135,000
|
1,431,910
|
|
4.75%, 02/15/45
|
|
575,000
|
540,792
|
|
3.00%, 05/15/45
|
|
2,000,000
|
1,455,712
|
|
2.88%, 08/15/45
|
|
300,000
|
212,904
|
|
3.00%, 11/15/45
|
|
765,000
|
552,891
|
|
2.50%, 02/15/46
|
|
280,000
|
184,411
|
|
4.63%, 02/15/46
|
|
3,145,000
|
2,899,388
|
|
5.00%, 05/15/46
|
|
3,000,000
|
2,902,038
|
|
3.00%, 02/15/47
|
|
1,098,000
|
781,304
|
|
3.00%, 05/15/47
|
|
1,695,000
|
1,202,605
|
|
2.75%, 11/15/47
|
|
2,235,000
|
1,504,086
|
|
1.25%, 05/15/50
|
|
3,300,000
|
1,485,043
|
|
1.38%, 08/15/50
|
|
3,000,000
|
1,391,660
|
|
1.63%, 11/15/50
|
|
2,500,000
|
1,237,679
|
|
Description
|
|
Par Value
|
Value
|
|
2.00%, 08/15/51
|
|
$9,755,000
|
$5,263,076
|
|
3.63%, 05/15/53
|
|
3,035,000
|
2,306,422
|
|
4.13%, 08/15/53
|
|
3,000,000
|
2,496,799
|
|
4.63%, 05/15/54
|
|
3,000,000
|
2,713,666
|
|
4.63%, 11/15/55
|
|
3,000,000
|
2,715,035
|
|
5.00%, 05/15/56
|
|
2,500,000
|
2,405,351
|
|
TOTAL U.S. TREASURY BONDS
|
$64,244,166
|
||
|
U.S. TREASURY NOTES − 21.3%
|
|||
|
4.00%, 02/29/28#
|
|
8,250,000
|
8,219,411
|
|
3.88%, 03/15/28
|
|
5,000,000
|
4,971,124
|
|
1.25%, 06/30/28
|
|
500,000
|
472,609
|
|
2.88%, 08/15/28
|
|
5,000,000
|
4,863,796
|
|
4.38%, 08/31/28
|
|
5,500,000
|
5,510,051
|
|
1.38%, 10/31/28
|
|
8,000,000
|
7,504,346
|
|
4.88%, 10/31/28
|
|
3,000,000
|
3,036,105
|
|
3.13%, 11/15/28
|
|
350,000
|
341,142
|
|
2.38%, 05/15/29
|
|
6,900,000
|
6,551,451
|
|
3.88%, 05/15/29
|
|
3,000,000
|
2,965,424
|
|
4.25%, 06/30/29
|
|
2,000,000
|
1,995,172
|
|
1.63%, 08/15/29
|
|
5,000,000
|
4,620,789
|
|
3.13%, 08/31/29
|
|
4,000,000
|
3,861,027
|
|
3.50%, 04/30/30
|
|
8,500,000
|
8,242,774
|
|
0.63%, 05/15/30
|
|
550,000
|
478,588
|
|
4.00%, 05/31/30
|
|
1,500,000
|
1,479,927
|
|
3.50%, 11/30/30
|
|
2,985,000
|
2,878,652
|
|
1.13%, 02/15/31
|
|
4,000,000
|
3,465,294
|
|
3.88%, 03/31/31
|
|
5,000,000
|
4,887,336
|
|
3.88%, 04/30/31
|
|
3,000,000
|
2,931,236
|
|
1.63%, 05/15/31
|
|
5,000,000
|
4,400,595
|
|
4.63%, 05/31/31
|
|
6,250,000
|
6,300,860
|
|
1.38%, 11/15/31
|
|
1,880,000
|
1,608,522
|
|
1.88%, 02/15/32
|
|
3,000,000
|
2,619,545
|
|
4.13%, 03/31/32
|
|
8,145,000
|
8,003,978
|
|
4.13%, 05/31/32
|
|
4,500,000
|
4,416,479
|
|
2.75%, 08/15/32
|
|
7,000,000
|
6,352,992
|
|
4.13%, 11/15/32
|
|
4,000,000
|
3,913,923
|
|
3.38%, 05/15/33
|
|
6,000,000
|
5,590,139
|
|
3.88%, 08/15/33
|
|
3,000,000
|
2,875,280
|
|
3.88%, 08/15/34
|
|
5,000,000
|
4,749,439
|
|
4.25%, 11/15/34
|
|
9,000,000
|
8,758,930
|
|
4.63%, 02/15/35
|
|
3,000,000
|
2,993,960
|
|
4.25%, 08/15/35
|
|
2,000,000
|
1,936,836
|
|
4.13%, 02/15/36
|
|
3,000,000
|
2,868,597
|
|
TOTAL U.S. TREASURY NOTES
|
$146,666,329
|
||
|
TOTAL U.S. TREASURY OBLIGATIONS
(COST $231,836,118)
|
$210,910,495
|
||
|
|
|
Number of
Shares
|
|
|
MONEY MARKET FUND − 0.4%
|
|||
|
BNY Dreyfus Government Cash Management
Fund, Institutional Shares, 3.56%^
|
|
2,728,634
|
2,728,634
|
|
TOTAL MONEY MARKET FUND
(COST $2,728,634)
|
$2,728,634
|
||
|
Description
|
|
Par Value
|
Value
|
|
CASH COLLATERAL INVESTED FOR SECURITIES ON LOAN − 3.5%
|
|||
|
REPURCHASE AGREEMENTS − 3.5%
|
|||
|
Citadel Securities LLC, 3.70%, dated 7/31/26,
due 8/03/26, repurchase price
$4,430,533, collateralized by U.S. Treasury
Securities, 0.00% to 5.00%, maturing
8/15/26 to 5/15/56; total market value of
$4,519,143.
|
|
$4,429,167
|
$4,429,167
|
|
Daiwa Capital Markets America, Inc., 3.65%,
dated 7/31/26, due 8/03/26, repurchase
price $4,164,683, collateralized by
U.S. Government Agency Securities, 3.50%
to 5.50%, maturing 9/20/46 to 7/01/56;
total market value of $4,246,685.
|
|
4,163,417
|
4,163,417
|
|
Deutsche Bank Securities, Inc., 3.62%, dated
7/31/26, due 8/03/26, repurchase price
$1,437,881, collateralized by U.S. Treasury
Securities, 1.25% to 4.63%, maturing
11/30/27 to 9/30/30; total market value of
$1,466,197.
|
|
1,437,447
|
1,437,447
|
|
HSBC Securities USA, Inc., 3.65%, dated
7/31/26, due 8/03/26, repurchase price
$4,164,683, collateralized by
U.S. Government Agency Securities, 1.57%
to 7.50%, maturing 7/01/31 to 6/01/56;
total market value of $4,246,685.
|
|
4,163,417
|
4,163,417
|
|
Natwest Markets Securities, Inc., 3.65%,
dated 7/31/26, due 8/03/26, repurchase
price $2,434,043, collateralized by
U.S. Government Agency Securities, 1.51%
to 6.38%, maturing 12/01/30 to 9/01/54;
total market value of $2,481,969.
|
|
2,433,303
|
2,433,303
|
|
Description
|
|
Par Value
|
Value
|
|
Nomura Securities International, Inc., 3.65%,
dated 7/31/26, due 8/03/26, repurchase
price $3,172,436, collateralized by
U.S. Government Agency & Treasury
Securities, 3.00% to 6.50%, maturing
7/31/31 to 3/01/56; total market value of
$3,234,905.
|
|
$3,171,471
|
$3,171,471
|
|
TD Securities, Inc., 3.65%, dated 7/31/26,
due 8/03/26, repurchase price
$4,144,485, collateralized by
U.S. Government Agency Securities, 2.50%
to 5.50%, maturing 10/01/51 to 11/01/55;
total market value of $4,226,090.
|
|
4,143,225
|
4,143,225
|
|
TOTAL REPURCHASE AGREEMENTS
(COST $23,941,447)
|
$23,941,447
|
||
|
TOTAL CASH COLLATERAL INVESTED FOR SECURITIES ON
LOAN
(COST $23,941,447)
|
$23,941,447
|
||
|
TOTAL INVESTMENTS − 102.7%
(COST $756,387,904)
|
$706,861,723
|
||
|
COLLATERAL FOR SECURITIES ON LOAN − (3.5%)
|
(23,941,447
)
|
||
|
OTHER ASSETS LESS LIABILITIES − 0.8%
|
5,372,725
|
||
|
TOTAL NET ASSETS − 100.0%
|
$688,293,001
|
||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Adjustable Rate Mortgage
|
$—
|
$4,029
|
$—
|
$4,029
|
|
Collateralized Mortgage Obligations
|
—
|
26,121
|
—
|
26,121
|
|
Corporate Bonds
|
—
|
278,258,802
|
—
|
278,258,802
|
|
Government Agencies
|
—
|
5,576,730
|
—
|
5,576,730
|
|
Mortgage-Backed Securities
|
—
|
185,415,465
|
—
|
185,415,465
|
|
U.S. Treasury Obligations
|
—
|
210,910,495
|
—
|
210,910,495
|
|
Money Market Fund
|
2,728,634
|
—
|
—
|
2,728,634
|
|
Repurchase Agreements
|
—
|
23,941,447
|
—
|
23,941,447
|
|
Total
|
$2,728,634
|
$704,133,089
|
$—
|
$706,861,723
|
|
**
|
Represents less than 0.05%.
|
|
Δ
|
Variable rate security. The rate disclosed is the rate in effect on the report date.
The information in parenthesis represents the benchmark and reference rate for each
relevant
security and the rate floats based upon the reference rate and spread. The security
may be further subject to interest rate floor and caps. Certain variable rate securities
are not
based on a published reference rate and spread, but are determined by the issuer or
agent and are based on current market conditions, or, for mortgage-backed securities,
are
impacted by the individual mortgages which are paying off over time. These securities
do not indicate a reference rate and spread in their descriptions.
|
|
#
|
Security, or a portion thereof, is on loan.
|
|
Ω
|
Security exempt from registration under Rule 144A under the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally
to
qualified institutional buyers. At July 31, 2026, these liquid restricted securities
amounted to $6,017,146, representing 0.87% of total net assets.
|
|
^
|
7-Day net yield.
|
|
The following acronyms are used throughout this Portfolio of Investments:
|
|
|
BKNT
|
Bank Notes
|
|
GMTN
|
Global Medium Term Note
|
|
LLC
|
Limited Liability Corporation
|
|
LP
|
Limited Partnership
|
|
MTN
|
Medium Term Note
|
|
NA
|
National Association
|
|
PLC
|
Public Limited Company
|
|
RFUCCT1Y
|
Refinitiv USD IBOR Consumer Cash Fallbacks Term 1 Year
|
|
SOFR
|
Secured Overnight Financing Rate
|