|
PORTFOLIO OF INVESTMENTS‡ |
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
ASSET-BACKED SECURITIES 6.1% | ||
|
Car Loan 2.0% |
|
|
|
Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class A2, 4.452%, 6/15/33 (1) |
869 |
867 |
|
Ally Bank Auto Credit-Linked Notes, Series 2025-B, Class A2, 4.305%, 9/15/33 (1) |
1,016 |
1,011 |
|
Ally Bank Auto Credit-Linked Notes, Series 2026-A, Class A2, 4.582%, 3/15/34 (1) |
1,370 |
1,367 |
|
Ally Bank Auto Credit-Linked Notes, Series 2026-A, Class B, 4.709%, 3/15/34 (1) |
223 |
223 |
|
ARI Fleet Lease Trust, Series 2025-A, Class A3, 4.46%, 1/17/34 (1) |
1,255 |
1,252 |
|
ARI Fleet Lease Trust, Series 2026-A, Class A2, 3.96%, 11/15/34 (1) |
310 |
308 |
|
ARI Fleet Lease Trust, Series 2026-A, Class A3, 4.09%, 11/15/34 (1) |
110 |
108 |
|
Avis Budget Rental Car Funding AESOP, Series 2025-3A, Class A, 4.17%, 2/20/30 (1) |
385 |
379 |
|
Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A3, 4.04%, 12/17/29 |
755 |
752 |
|
Bridgecrest Lending Auto Securitization Trust, Series 2026-2, Class A3, 4.27%, 1/15/30 |
325 |
324 |
|
CarMax Auto Owner Trust, Series 2023-3, Class B, 5.47%, 2/15/29 |
65 |
66 |
|
CarMax Auto Owner Trust, Series 2025-4, Class A4, 4.08%, 6/16/31 |
560 |
553 |
|
Carvana Auto Receivables Trust, Series 2021-P4, Class C, 2.33%, 2/10/28 |
45 |
44 |
|
Carvana Auto Receivables Trust, Series 2023-N1, Class C, 5.92%, 7/10/29 (1) |
189 |
189 |
|
Carvana Auto Receivables Trust, Series 2024-P4, Class A3, 4.64%, 1/10/30 |
31 |
31 |
|
Carvana Auto Receivables Trust, Series 2024-P4, Class A4, 4.74%, 12/10/30 |
65 |
65 |
|
Carvana Auto Receivables Trust, Series 2025-N1, Class A3, 4.91%, 8/10/29 (1) |
490 |
492 |
|
Carvana Auto Receivables Trust, Series 2025-P1, Class B, 4.98%, 5/12/31 |
1,550 |
1,551 |
|
Carvana Auto Receivables Trust, Series 2025-P2, Class A4, 4.75%, 6/10/31 |
1,340 |
1,336 |
|
Carvana Auto Receivables Trust, Series 2025-P4, Class A4, 4.25%, 11/10/31 |
775 |
763 |
|
Carvana Auto Receivables Trust, Series 2026-P1, Class A4, 4.35%, 7/12/32 |
3,650 |
3,603 |
|
Carvana Auto Receivables Trust, Series 2026-P1, Class B, 4.76%, 7/12/32 |
810 |
802 |
|
Carvana Auto Receivables Trust, Series 2026-P2, Class A3, 4.77%, 4/10/31 |
985 |
987 |
|
Carvana Auto Receivables Trust, Series 2026-P2, Class A4, 4.91%, 8/10/32 |
2,456 |
2,464 |
|
Carvana Auto Receivables Trust, Series 2026-P2, Class B, 5.19%, 8/10/32 |
265 |
266 |
|
Chase Auto Credit Linked Notes, Series 2026-1, Class B, 4.938%, 7/25/34 (1) |
600 |
600 |
|
Chase Auto Owner Trust, Series 2025-1A, Class A3, 4.29%, 6/25/30 (1) |
1,135 |
1,133 |
|
Enterprise Fleet Financing, Series 2023-2, Class A2, 5.56%, 4/22/30 (1) |
5 |
5 |
|
Enterprise Fleet Financing, Series 2024-4, Class A2, 4.69%, 7/20/27 (1) |
17 |
17 |
|
Enterprise Fleet Financing, Series 2024-4, Class A4, 4.70%, 6/20/31 (1) |
50 |
50 |
|
Enterprise Fleet Financing, Series 2025-3, Class A3, 4.46%, 9/20/29 (1) |
1,330 |
1,326 |
|
Exeter Automobile Receivables Trust, Series 2025-2A, Class A3, 4.74%, 1/16/29 |
361 |
361 |
|
Exeter Automobile Receivables Trust, Series 2025-4A, Class B, 4.40%, 5/15/30 |
1,000 |
998 |
|
Exeter Automobile Receivables Trust, Series 2026-3A, Class A3, 4.47%, 7/15/30 |
1,430 |
1,429 |
|
Exeter Select Automobile Receivables Trust, Series 2025-1, Class B, 4.87%, 8/15/31 |
990 |
992 |
|
Exeter Select Automobile Receivables Trust, Series 2025-2, Class A3, 4.43%, 8/15/30 |
880 |
879 |
|
Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85%, 8/15/35 (1) |
100 |
100 |
|
Ford Credit Floorplan Master Owner Trust A, Series 2026-2, Class A, 4.60%, 5/15/33 |
2,765 |
2,742 |
|
Ford Credit Floorplan Master Owner Trust A, Series 2026-2, Class B, 4.85%, 5/15/33 |
230 |
229 |
|
GM Financial Automobile Leasing Trust, Series 2025-1, Class A4, 4.70%, 2/20/29 |
250 |
251 |
|
GM Financial Consumer Automobile Receivables Trust, Series 2025-1, Class A3, 4.62%,
12/17/29 |
39 |
39 |
|
GM Financial Consumer Automobile Receivables Trust, Series 2025-1, Class A4, 4.73%,
8/16/30 |
45 |
45 |
|
GMF Floorplan Owner Revolving Trust, Series 2025-1A, Class B, 4.79%, 3/15/29 (1) |
1,400 |
1,402 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
GMF Floorplan Owner Revolving Trust, Series 2025-2A, Class B, 4.91%, 3/15/30 (1) |
1,370 |
1,372 |
|
Huntington Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.957%, 3/21/33 (1) |
232 |
232 |
|
Hyundai Auto Receivables Trust, Series 2026-A, Class B, 4.10%, 12/15/32 |
485 |
474 |
|
Navistar Financial Dealer Note Master Owner Trust II, Series 2025-1, Class A, 4.18%,
9/25/30 (1) |
765 |
762 |
|
Santander Bank Auto Credit-Linked Notes, Series 2026-A, Class B, 4.806%, 7/17/34 (1) |
585 |
583 |
|
Santander Drive Auto Receivables Trust, Series 2024-5, Class A3, 4.62%, 11/15/28 |
9 |
9 |
|
Santander Drive Auto Receivables Trust, Series 2024-5, Class B, 4.63%, 8/15/29 |
60 |
60 |
|
Santander Drive Auto Receivables Trust, Series 2025-1, Class A3, 4.74%, 1/16/29 |
35 |
35 |
|
Santander Drive Auto Receivables Trust, Series 2026-1, Class B, 4.07%, 4/15/32 |
1,170 |
1,156 |
|
Santander Drive Auto Receivables Trust, Series 2026-1, Class A3, 3.93%, 7/15/30 |
785 |
779 |
|
SBNA Auto Lease Trust, Series 2025-A, Class A3, 4.83%, 4/20/28 (1) |
338 |
339 |
|
SBNA Auto Lease Trust, Series 2025-A, Class A4, 4.87%, 7/20/29 (1) |
510 |
511 |
|
SFS Auto Receivables Securitization Trust, Series 2025-1A, Class A4, 4.83%, 12/20/30 (1) |
405 |
406 |
|
SFS Auto Receivables Securitization Trust, Series 2025-1A, Class B, 5.11%, 2/20/31 (1) |
405 |
408 |
|
SFS Auto Receivables Securitization Trust, Series 2026-1A, Class A4, 4.07%, 1/20/32 (1) |
765 |
746 |
|
SFS Auto Receivables Securitization Trust, Series 2026-1A, Class B, 4.27%, 6/21/32 (1) |
650 |
635 |
|
Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-BA, Class B, 4.47%,
7/20/29 (1) |
415 |
414 |
|
Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-BA, Class A4,
4.29%, 6/20/29 (1) |
905 |
902 |
|
Stellantis Financial Underwritten Enhanced Lease Trust, Series 2026-AA, Class A4,
4.41%, 4/22/30 (1) |
525 |
521 |
|
Stellantis Financial Underwritten Enhanced Lease Trust, Series 2026-AA, Class B, 4.61%,
4/22/30 (1) |
285 |
283 |
|
US Bank, Series 2023-1, Class B, 6.789%, 8/25/32 (1) |
23 |
23 |
|
Wheels Fleet Lease Funding, Series 2026-1, Class A2A, 4.30%, 4/18/39 (1) |
1,290 |
1,287 |
|
Wheels Fleet Lease Funding 1, Series 2025-1A, Class A1, 4.57%, 1/18/40 (1) |
1,121 |
1,121 |
|
|
|
45,459 |
|
Home Equity 0.2% |
|
|
|
ACHM Trust, Series 2026-HE1, Class A, 5.82%, 8/25/56 (1) |
2,540 |
2,542 |
|
FIGRE Trust, Series 2026-HF3, Class A1A, FRN, SOFR30A + 1.40%, 5.016%, 3/25/56 (1) |
1,126 |
1,120 |
|
FIGRE Trust, Series 2026-HF7, Class A, FRN, SOFR30A + 1.30%, 4.916%, 7/25/56 (1) |
1,680 |
1,681 |
|
|
|
5,343 |
|
Other Asset-Backed Securities 3.7% |
|
|
|
720 East IV, Series 2024-1A, Class A1R, CLO, FRN, 3M TSFR + 1.26%, 4.932%, 7/15/39
(1) |
3,075 |
3,077 |
|
Abry Liquid Credit, Series 2026-3A, Class A1, CLO, FRN, 3M TSFR + 1.23%, 4.959%,
4/20/39 (1) |
1,835 |
1,833 |
|
Affirm Asset Securitization Trust, Series 2026-X1, Class B, 4.59%, 4/15/31 (1) |
100 |
100 |
|
Affirm Asset Securitization Trust, Series 2026-X1, Class A, 4.27%, 4/15/31 (1) |
520 |
519 |
|
Affirm Master Trust, Series 2025-2A, Class A, 4.67%, 7/15/33 (1) |
2,395 |
2,399 |
|
Affirm Master Trust, Series 2026-2A, Class A, 4.67%, 4/16/35 (1) |
3,155 |
3,135 |
|
Affirm Master Trust, Series 2026-3A, Class A, 4.78%, 8/15/34 (1) |
1,775 |
1,775 |
|
Affirm Master Trust, Series 2026-3A, Class B, 5.03%, 8/15/34 (1) |
335 |
335 |
|
AGL 10, Series 2021-10A, Class A1R2, CLO, FRN, 3M TSFR + 1.17%, 4.923%, 4/15/39
(1) |
3,210 |
3,216 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
AGL 13, Series 2021-13A, Class A1R, CLO, FRN, 3M TSFR + 1.10%, 4.829%, 10/20/34
(1) |
3,435 |
3,435 |
|
Anchorage Capital, Series 2026-22A, Class AR4, CLO, FRN, 3M TSFR + 1.23%, 4.959%,
1/20/39 (1) |
865 |
866 |
|
Apex Credit 13, Series 2025-13A, Class A1, CLO, FRN, 3M TSFR + 1.35%, 5.083%,
1/22/39 (1) |
2,580 |
2,587 |
|
Ares Loan Funding IX, Series 2025-ALF9A, Class A1, FRN, 3M TSFR + 1.18%, 4.933%,
3/31/38 (1) |
950 |
949 |
|
Atlas Senior Loan Fund XXII, Series 2023-22A, Class A1R, FRN, 3M TSFR + 1.30%,
5.029%, 4/20/39 (1) |
495 |
496 |
|
Atlas Senior Loan Fund XXIII, Series 2024-23AR, Class A1R, FRN, 3M TSFR + 1.28%,
5.103%, 7/20/37 (1) |
5,765 |
5,765 |
|
Barings, Series 2021-3A, Class B1R, CLO, FRN, 3M TSFR + 1.63%, 5.359%, 1/18/35 (1) |
1,695 |
1,698 |
|
Barings, Series 2023-4A, Class A1R, CLO, FRN, 3M TSFR + 1.17%, 4.899%, 1/20/39 (1) |
890 |
889 |
|
Battalion XXV, Series 2024-25A, Class BR, CLO, FRN, 3M TSFR + 1.75%, 5.479%,
3/13/37 (1) |
1,900 |
1,905 |
|
Benefit Street Partners, Series 2015-6BR, Class A1R, FRN, 3M TSFR + 1.18%, 4.909%,
4/20/38 (1) |
1,260 |
1,260 |
|
Clarus Capital Funding, Series 2024-1A, Class A2, 4.71%, 8/20/32 (1) |
26 |
27 |
|
CyrusOne Data Centers Issuer I, Series 2024-2A, Class A2, 4.50%, 5/20/49 (1) |
170 |
164 |
|
Dell Equipment Finance Trust, Series 2026-1A, Class A3, 4.32%, 12/22/31 (1) |
770 |
767 |
|
Dext ABS, Series 2025-1, Class A3, 4.77%, 8/15/35 (1) |
1,550 |
1,553 |
|
DLLAA, Series 2023-1A, Class A3, 5.64%, 2/22/28 (1) |
25 |
25 |
|
DLLAA, Series 2023-1A, Class A4, 5.73%, 10/20/31 (1) |
70 |
71 |
|
Elara HGV Timeshare Issuer, Series 2023-A, Class A, 6.16%, 2/25/38 (1) |
40 |
41 |
|
Elara HGV Timeshare Issuer, Series 2023-A, Class B, 6.53%, 2/25/38 (1) |
40 |
41 |
|
Eldridge, Series 2025-2A, Class A1, CLO, FRN, 3M TSFR + 1.28%, 5.009%, 1/20/39 (1) |
3,105 |
3,110 |
|
Fortress Credit BSL XIX, Series 2023-2A, Class A1R, FRN, 3M TSFR + 1.35%, 5.125%,
7/24/36 (1) |
3,825 |
3,826 |
|
Goto Foods Funding, Series 2026-1A, Class A2, 6.854%, 4/30/56 (1) |
3,510 |
3,497 |
|
GreatAmerica Leasing Receivables Funding, Series 2026-1, Class A3, 4.76%, 9/16/30 (1) |
415 |
415 |
|
GreatAmerica Leasing Receivables Funding, Series 2026-1, Class A4, 4.96%, 5/16/33 (1) |
645 |
649 |
|
GreatAmerica Leasing Receivables Funding, Series 2026-1, Class B, 5.14%, 5/16/33 (1) |
310 |
308 |
|
Halseypoint, Series 2022-6A, Class A1R, FRN, 3M TSFR + 1.35%, 5.079%, 1/20/38 (1) |
1,285 |
1,286 |
|
Hilton Grand Vacations Trust, Series 2025-2A, Class A, 4.54%, 5/25/44 (1) |
557 |
554 |
|
HPEFS Equipment Trust, Series 2024-1A, Class D, 5.82%, 11/20/31 (1) |
1,750 |
1,761 |
|
Madison Park Funding XXXV, Series 2019-35A, Class A1R2, FRN, 3M TSFR + 1.22%,
4.949%, 2/13/39 (1) |
4,060 |
4,065 |
|
Midocean Credit XV, Series 2024-15AR, Class A1R, CLO, FRN, 3M TSFR + 1.25%,
4.984%, 7/21/39 (1) |
2,385 |
2,384 |
|
Neuberger Berman Loan Advisers, Series 2021-43A, Class AR, FRN, 3M TSFR + 1.05%,
4.80%, 7/17/36 (1) |
1,250 |
1,250 |
|
Neuberger Berman Loan Advisers, Series 2022-48A, Class A1R, FRN, 3M TSFR + 1.09%,
4.90%, 4/25/36 (1) |
3,580 |
3,580 |
|
NMEF Funding, Series 2025-A, Class A2, 4.72%, 7/15/32 (1) |
169 |
169 |
|
NMEF Funding, Series 2026-A, Class A3, 4.20%, 2/15/34 (1) |
185 |
183 |
|
NMEF Funding, Series 2026-A, Class B, 4.48%, 2/15/34 (1) |
120 |
118 |
|
Octane Receivables Trust, Series 2024-1A, Class A2, 5.68%, 5/20/30 (1) |
15 |
15 |
|
Octane Receivables Trust, Series 2024-RVM1, Class A, 5.01%, 1/22/46 (1) |
652 |
656 |
|
Octane Receivables Trust, Series 2025-RVM1, Class A, 4.48%, 12/20/46 (1) |
890 |
884 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
PEAC Solutions Receivables, Series 2024-1A, Class A2, 5.79%, 6/21/27 (1) |
180 |
180 |
|
PEAC Solutions Receivables, Series 2025-1A, Class A2, 4.94%, 10/20/28 (1) |
175 |
176 |
|
PEAC Solutions Receivables, Series 2026-1A, Class A3, 4.39%, 7/20/33 (1) |
985 |
977 |
|
Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90%, 5/15/31 (1) |
86 |
86 |
|
Post Road Equipment Finance, Series 2026-1A, Class A2, 4.47%, 1/18/33 (1) |
685 |
683 |
|
Progress Residential Trust, Series 2022-SFR2, Class A, 2.95%, 4/17/27 (1) |
615 |
606 |
|
Progress Residential Trust, Series 2024-SFR5, Class A, 3.00%, 8/17/41 (1) |
99 |
93 |
|
Progress Residential Trust, Series 2025-SFR5, Class A, 3.85%, 10/17/42 (1) |
493 |
467 |
|
Regatta XVI Funding, Series 2019-2A, Class A1R2, FRN, 3M TSFR + 1.19%, 4.943%,
4/15/39 (1) |
700 |
700 |
|
Rockford Tower, Series 2022-1A, Class A1R, FRN, 3M TSFR + 1.20%, 4.929%, 7/20/35
(1) |
3,560 |
3,561 |
|
SCF Equipment Trust, Series 2025-1A, Class A2, 4.82%, 7/22/30 (1) |
19 |
19 |
|
SCF Equipment Trust, Series 2025-1A, Class A3, 5.11%, 11/21/33 (1) |
100 |
101 |
|
Sierra Timeshare Receivables Funding, Series 2025-2A, Class A, 4.72%, 4/20/44 (1) |
419 |
416 |
|
Signal Peak, Series 2021-10A, Class A1R, FRN, 3M TSFR + 1.19%, 4.965%, 1/24/38 (1) |
2,100 |
2,103 |
|
Symphony 37, Series 2022-37A, Class AR2, CLO, FRN, 3M TSFR + 1.13%, 4.859%,
1/20/37 (1) |
1,530 |
1,531 |
|
Symphony XXXI, Series 2022-31A, Class AR, CLO, FRN, 3M TSFR + 1.17%, 4.903%,
1/22/38 (1) |
555 |
556 |
|
THL Credit Wind River, Series 2019-3A, Class AR3, FRN, 3M TSFR + 1.20%, 4.953%,
1/15/38 (1) |
660 |
661 |
|
Trestles VIII, Series 2025-8A, Class A1R, CLO, FRN, 3M TSFR + 1.23%, 4.93%, 7/20/39
(1) |
1,890 |
1,889 |
|
Tricon Residential Trust, Series 2022-SFR1, Class A, 3.856%, 4/17/39 (1) |
1,750 |
1,735 |
|
Trinitas VII, Series 2017-7A, Class A1R2, CLO, FRN, 3M TSFR + 1.06%, 4.87%, 1/25/35
(1) |
905 |
905 |
|
Verdant Receivables, Series 2023-1A, Class A2, 6.24%, 1/13/31 (1) |
38 |
38 |
|
Verdant Receivables, Series 2025-1A, Class B, 5.37%, 5/12/33 (1) |
100 |
100 |
|
Wingspire Equipment Finance, Series 2025-1A, Class A2, 4.33%, 9/20/33 (1) |
213 |
213 |
|
|
|
85,434 |
|
Student Loan 0.2% |
|
|
|
Bayview Opportunity Master Fund VII, Series 2025-EDU1, Class A, FRN, SOFR30A +
1.30%, 4.916%, 7/27/48 (1) |
752 |
749 |
|
Navient Private Education Refi Loan Trust, Series 2019-CA, Class A2, 3.13%, 2/15/68 (1) |
18 |
18 |
|
Navient Private Education Refi Loan Trust, Series 2020-A, Class A2A, 2.46%, 11/15/68 (1) |
52 |
50 |
|
Navient Private Education Refi Loan Trust, Series 2023-A, Class A, 5.51%, 10/15/71 (1) |
703 |
710 |
|
Navient Refinance Loan Trust, Series 2026-A, Class A, 4.50%, 1/18/56 (1) |
832 |
814 |
|
Navient Refinance Loan Trust, Series 2026-A, Class A, 4.86%, 9/15/56 (1) |
752 |
742 |
|
Navient Refinance Loan Trust, Series 2026-B, Class A, 5.07%, 6/15/56 (1) |
1,615 |
1,608 |
|
Nelnet Student Loan Trust, Series 2021-BA, Class AFX, 1.42%, 4/20/62 (1) |
293 |
278 |
|
Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32%, 4/20/62 (1) |
25 |
24 |
|
Nelnet Student Loan Trust, Series 2021-DA, Class AFX, 1.63%, 4/20/62 (1) |
36 |
34 |
|
|
|
5,027 |
|
Total Asset-Backed Securities
(Cost $141,500) |
|
141,263 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
CORPORATE BONDS 30.2% | ||
|
FINANCIAL INSTITUTIONS 11.1% |
|
|
|
Banking 6.6% |
|
|
|
Ally Financial, 2.20%, 11/2/28 |
35 |
33 |
|
Ally Financial, VR, 6.848%, 1/3/30 (2) |
680 |
704 |
|
American Express, VR, 4.918%, 7/20/33 (2) |
630 |
621 |
|
Banco Bilbao Vizcaya Argentaria, 5.127%, 3/3/36 |
600 |
572 |
|
Banco Bilbao Vizcaya Argentaria, 5.381%, 3/13/29 |
400 |
405 |
|
Banco Bilbao Vizcaya Argentaria, VR, 6.138%, 9/14/28 (2) |
800 |
813 |
|
Banco Santander, 3.49%, 5/28/30 |
3,600 |
3,403 |
|
Banco Santander, 4.867%, 4/15/31 |
600 |
591 |
|
Banco Santander, 5.439%, 7/15/31 |
400 |
405 |
|
Banco Santander, VR, 5.552%, 3/14/28 (2) |
1,200 |
1,206 |
|
Banco Santander, 5.565%, 1/17/30 |
600 |
609 |
|
Banco Santander, 5.588%, 8/8/28 |
600 |
609 |
|
Banco Santander, VR, 6.527%, 11/7/27 (2) |
600 |
603 |
|
Bank Leumi Le-Israel BM, 5.343%, 6/29/29 (1)(3) |
1,300 |
1,305 |
|
Bank of America, VR, 1.898%, 7/23/31 (2) |
280 |
248 |
|
Bank of America, VR, 1.922%, 10/24/31 (2) |
240 |
211 |
|
Bank of America, VR, 2.551%, 2/4/28 (2) |
130 |
129 |
|
Bank of America, VR, 2.572%, 10/20/32 (2) |
65 |
57 |
|
Bank of America, VR, 2.592%, 4/29/31 (2) |
310 |
284 |
|
Bank of America, VR, 2.676%, 6/19/41 (2) |
530 |
373 |
|
Bank of America, VR, 2.831%, 10/24/51 (2) |
110 |
65 |
|
Bank of America, VR, 3.705%, 4/24/28 (2) |
120 |
119 |
|
Bank of America, VR, 3.824%, 1/20/28 (2) |
345 |
344 |
|
Bank of America, VR, 3.846%, 3/8/37 (2) |
280 |
257 |
|
Bank of America, VR, 4.078%, 4/23/40 (2) |
1,040 |
886 |
|
Bank of America, VR, 4.244%, 4/24/38 (2) |
15 |
13 |
|
Bank of America, VR, 4.271%, 7/23/29 (2) |
2,230 |
2,211 |
|
Bank of America, VR, 4.376%, 4/27/28 (2) |
130 |
130 |
|
Bank of America, VR, 4.571%, 4/27/33 (2) |
2,330 |
2,256 |
|
Bank of America, VR, 5.202%, 4/25/29 (2) |
2,300 |
2,319 |
|
Bank of America, VR, 5.468%, 1/23/35 (2) |
900 |
903 |
|
Bank of America, VR, 5.819%, 9/15/29 (2) |
450 |
459 |
|
Bank of America, 5.875%, 2/7/42 |
15 |
15 |
|
Bank of America, VR, 5.933%, 9/15/27 (2) |
360 |
361 |
|
Bank of America, 7.75%, 5/14/38 |
800 |
927 |
|
Bank of Montreal, Series J, VR, 4.439%, 1/14/32 (2) |
1,360 |
1,324 |
|
Bank of Montreal, Series J, VR, 5.298%, 6/2/37 (2) |
1,460 |
1,428 |
|
Bank of New York Mellon, VR, 3.442%, 2/7/28 (2) |
810 |
806 |
|
Bank of New York Mellon, VR, 3.992%, 6/13/28 (2) |
240 |
239 |
|
Bank of New York Mellon, VR, 5.606%, 7/21/39 (2) |
120 |
120 |
|
Bank of New York Mellon, VR, 5.834%, 10/25/33 (2) |
220 |
228 |
|
Bank of New York Mellon, VR, 6.317%, 10/25/29 (2) |
1,110 |
1,148 |
|
Bank of New York Mellon, VR, 6.474%, 10/25/34 (2) |
600 |
642 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Barclays, VR, 2.279%, 11/24/27 (2) |
200 |
199 |
|
Barclays, VR, 4.911%, 6/26/30 (2) |
1,100 |
1,094 |
|
Barclays, VR, 5.335%, 9/10/35 (2) |
600 |
584 |
|
Barclays, VR, 5.674%, 3/12/28 (2) |
1,400 |
1,408 |
|
Barclays, VR, 5.69%, 3/12/30 (2) |
990 |
1,006 |
|
Barclays, VR, 7.437%, 11/2/33 (2) |
2,050 |
2,258 |
|
BBVA Mexico Institucion De Banca Multiple Grupo Financiero BBVA Mexico, 5.25%,
9/10/29 |
700 |
701 |
|
CaixaBank, VR, 6.84%, 9/13/34 (1)(2) |
600 |
643 |
|
Capital One Financial, VR, 2.359%, 7/29/32 (2) |
50 |
43 |
|
Capital One Financial, 3.65%, 5/11/27 |
155 |
154 |
|
Capital One Financial, VR, 4.927%, 5/10/28 (2) |
220 |
220 |
|
Capital One Financial, VR, 5.268%, 5/10/33 (2) |
110 |
109 |
|
Capital One Financial, VR, 5.884%, 7/26/35 (2) |
1,260 |
1,273 |
|
Capital One Financial, VR, 7.149%, 10/29/27 (2) |
220 |
221 |
|
Citigroup, VR, 2.666%, 1/29/31 (2) |
140 |
129 |
|
Citigroup, VR, 3.07%, 2/24/28 (2) |
1,390 |
1,379 |
|
Citigroup, VR, 3.785%, 3/17/33 (2) |
260 |
242 |
|
Citigroup, VR, 3.878%, 1/24/39 (2) |
1,600 |
1,356 |
|
Citigroup, VR, 3.887%, 1/10/28 (2) |
560 |
558 |
|
Citigroup, VR, 3.98%, 3/20/30 (2) |
60 |
59 |
|
Citigroup, 4.65%, 7/30/45 |
15 |
13 |
|
Citigroup, VR, 4.91%, 5/24/33 (2) |
520 |
512 |
|
Citigroup, VR, 5.411%, 9/19/39 (2) |
200 |
194 |
|
Citigroup, VR, 5.449%, 6/11/35 (2) |
860 |
859 |
|
Citigroup, 5.875%, 1/30/42 |
2,115 |
2,110 |
|
Citigroup, VR, 6.27%, 11/17/33 (2) |
260 |
274 |
|
Commonwealth Bank of Australia, 4.577%, 11/27/26 |
320 |
320 |
|
Cooperatieve Rabobank UA, 5.25%, 5/24/41 |
120 |
115 |
|
Credit Agricole, VR, 4.656%, 1/12/32 (1)(2) |
1,320 |
1,287 |
|
Danske Bank, VR, 4.298%, 4/1/28 (1)(2) |
200 |
200 |
|
Danske Bank, VR, 4.662%, 3/27/29 (1)(2) |
600 |
599 |
|
Danske Bank, VR, 5.705%, 3/1/30 (1)(2) |
600 |
610 |
|
Fifth Third Bancorp, VR, 4.566%, 4/29/32 (2) |
1,780 |
1,729 |
|
Fifth Third Bancorp, VR, 4.895%, 9/6/30 (2) |
30 |
30 |
|
Fifth Third Bancorp, VR, 6.339%, 7/27/29 (2) |
945 |
972 |
|
Fifth Third Bancorp, 8.25%, 3/1/38 |
300 |
358 |
|
Goldman Sachs Group, VR, 1.542%, 9/10/27 (2) |
140 |
140 |
|
Goldman Sachs Group, VR, 1.948%, 10/21/27 (2) |
465 |
462 |
|
Goldman Sachs Group, VR, 2.615%, 4/22/32 (2) |
150 |
133 |
|
Goldman Sachs Group, VR, 2.64%, 2/24/28 (2) |
520 |
514 |
|
Goldman Sachs Group, VR, 2.908%, 7/21/42 (2) |
300 |
209 |
|
Goldman Sachs Group, 3.50%, 11/16/26 |
790 |
788 |
|
Goldman Sachs Group, VR, 3.615%, 3/15/28 (2) |
260 |
259 |
|
Goldman Sachs Group, VR, 3.691%, 6/5/28 (2) |
390 |
387 |
|
Goldman Sachs Group, 3.80%, 3/15/30 |
140 |
134 |
|
Goldman Sachs Group, VR, 5.727%, 4/25/30 (2) |
60 |
61 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Goldman Sachs Group, VR, 5.851%, 4/25/35 (2) |
60 |
61 |
|
Goldman Sachs Group, 6.25%, 2/1/41 |
1,940 |
1,995 |
|
Goldman Sachs Group, VR, 6.484%, 10/24/29 (2) |
1,370 |
1,414 |
|
Goldman Sachs Group, 6.75%, 10/1/37 |
15 |
16 |
|
HSBC Holdings, VR, 2.013%, 9/22/28 (2) |
265 |
257 |
|
HSBC Holdings, VR, 3.973%, 5/22/30 (2) |
840 |
816 |
|
HSBC Holdings, VR, 4.041%, 3/13/28 (2) |
1,200 |
1,196 |
|
HSBC Holdings, VR, 4.711%, 5/12/30 (2) |
1,400 |
1,388 |
|
HSBC Holdings, VR, 4.755%, 6/9/28 (2) |
1,400 |
1,400 |
|
HSBC Holdings, VR, 5.402%, 8/11/33 (2) |
780 |
781 |
|
HSBC Holdings, VR, 5.79%, 5/13/36 (2) |
600 |
605 |
|
HSBC Holdings, VR, 6.161%, 3/9/29 (2) |
900 |
919 |
|
HSBC Holdings, VR, 6.332%, 3/9/44 (2) |
380 |
390 |
|
Huntington Bancshares, VR, 6.141%, 11/18/39 (2) |
210 |
210 |
|
Huntington Bancshares, VR, 6.208%, 8/21/29 (2) |
50 |
51 |
|
Huntington Bancshares / OH, VR, 5.272%, 1/15/31 (2) |
600 |
603 |
|
ING Groep, 4.55%, 10/2/28 |
1,290 |
1,286 |
|
ING Groep, VR, 5.55%, 3/19/35 (2) |
2,500 |
2,504 |
|
ING Groep, VR, 6.114%, 9/11/34 (2) |
200 |
208 |
|
Intesa Sanpaolo, VR, 5.00%, 6/29/30 (1)(2) |
1,830 |
1,821 |
|
JPMorgan Chase, VR, 1.47%, 9/22/27 (2) |
520 |
518 |
|
JPMorgan Chase, VR, 2.182%, 6/1/28 (2) |
240 |
235 |
|
JPMorgan Chase, VR, 2.947%, 2/24/28 (2) |
380 |
377 |
|
JPMorgan Chase, VR, 2.956%, 5/13/31 (2) |
275 |
255 |
|
JPMorgan Chase, VR, 3.109%, 4/22/51 (2) |
15 |
10 |
|
JPMorgan Chase, VR, 3.54%, 5/1/28 (2) |
145 |
144 |
|
JPMorgan Chase, VR, 3.782%, 2/1/28 (2) |
485 |
483 |
|
JPMorgan Chase, VR, 4.203%, 7/23/29 (2) |
2,180 |
2,157 |
|
JPMorgan Chase, VR, 4.493%, 3/24/31 (2) |
300 |
295 |
|
JPMorgan Chase, VR, 4.586%, 4/26/33 (2) |
210 |
204 |
|
JPMorgan Chase, 4.95%, 6/1/45 |
600 |
526 |
|
JPMorgan Chase, VR, 4.979%, 7/22/28 (2) |
90 |
90 |
|
JPMorgan Chase, VR, 5.04%, 1/23/28 (2) |
390 |
391 |
|
JPMorgan Chase, VR, 5.299%, 7/24/29 (2) |
3,650 |
3,688 |
|
JPMorgan Chase, VR, 5.336%, 1/23/35 (2) |
300 |
299 |
|
JPMorgan Chase, 5.50%, 10/15/40 |
750 |
740 |
|
JPMorgan Chase, VR, 5.576%, 7/23/36 (2) |
900 |
890 |
|
JPMorgan Chase, 5.60%, 7/15/41 |
900 |
888 |
|
JPMorgan Chase, VR, 6.087%, 10/23/29 (2) |
1,790 |
1,838 |
|
Manufacturers & Traders Trust, VR, 4.762%, 7/6/28 (2) |
850 |
850 |
|
Mitsubishi UFJ Financial Group, VR, 4.505%, 1/14/32 (2) |
1,935 |
1,884 |
|
Morgan Stanley, VR, 2.475%, 1/21/28 (2) |
1,840 |
1,822 |
|
Morgan Stanley, VR, 3.622%, 4/1/31 (2) |
1,210 |
1,152 |
|
Morgan Stanley, 3.971%, 7/22/38 |
300 |
256 |
|
Morgan Stanley, VR, 4.21%, 4/20/28 (2) |
260 |
259 |
|
Morgan Stanley, VR, 4.431%, 1/23/30 (2) |
230 |
228 |
|
Morgan Stanley, VR, 4.555%, 4/10/30 (2) |
1,700 |
1,682 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Morgan Stanley, VR, 4.889%, 7/20/33 (2) |
130 |
127 |
|
Morgan Stanley, VR, 5.173%, 1/16/30 (2) |
1,360 |
1,367 |
|
Morgan Stanley, VR, 5.297%, 4/20/37 (2) |
260 |
256 |
|
Morgan Stanley, VR, 5.32%, 7/19/35 (2) |
260 |
256 |
|
Morgan Stanley, VR, 5.449%, 7/20/29 (2) |
120 |
121 |
|
Morgan Stanley, VR, 5.652%, 4/13/28 (2) |
240 |
242 |
|
Morgan Stanley, VR, 5.656%, 4/18/30 (2) |
2,755 |
2,802 |
|
Morgan Stanley, VR, 5.831%, 4/19/35 (2) |
120 |
122 |
|
Morgan Stanley, VR, 6.342%, 10/18/33 (2) |
1,150 |
1,209 |
|
Morgan Stanley, VR, 6.407%, 11/1/29 (2) |
60 |
62 |
|
Morgan Stanley, 7.25%, 4/1/32 |
120 |
133 |
|
Morgan Stanley Private Bank, VR, 4.734%, 7/18/31 (2) |
2,150 |
2,123 |
|
National Bank of Canada, VR, 4.166%, 1/20/29 (2) |
1,975 |
1,960 |
|
National Bank of Canada, VR, 4.928%, 6/4/32 (2) |
1,775 |
1,750 |
|
National Bank of Canada, 5.60%, 12/18/28 |
1,400 |
1,429 |
|
Northern Trust, 4.15%, 11/19/30 |
1,580 |
1,541 |
|
PNC Financial Services Group, VR, 4.626%, 6/6/33 (2) |
110 |
105 |
|
PNC Financial Services Group, VR, 4.831%, 7/19/30 (2) |
545 |
544 |
|
PNC Financial Services Group, VR, 5.222%, 1/29/31 (2) |
300 |
302 |
|
PNC Financial Services Group, VR, 6.037%, 10/28/33 (2) |
3,400 |
3,527 |
|
Regions Financial, VR, 5.722%, 6/6/30 (2) |
300 |
306 |
|
Royal Bank of Canada, 2.30%, 11/3/31 |
650 |
573 |
|
Royal Bank of Canada, 5.20%, 8/1/28 |
600 |
607 |
|
Santander Holdings USA, VR, 2.49%, 1/6/28 (2) |
380 |
376 |
|
Santander Holdings USA, 3.244%, 10/5/26 |
540 |
539 |
|
Santander Holdings USA, VR, 5.04%, 6/5/30 (2) |
725 |
722 |
|
Santander Holdings USA, VR, 5.701%, 6/5/37 (2) |
300 |
292 |
|
Santander Holdings USA, VR, 5.741%, 3/20/31 (2) |
600 |
608 |
|
Santander Holdings USA, VR, 6.174%, 1/9/30 (2) |
720 |
737 |
|
Santander Holdings USA, VR, 6.499%, 3/9/29 (2) |
680 |
696 |
|
Santander Holdings USA, VR, 6.565%, 6/12/29 (2) |
120 |
123 |
|
Santander UK Group Holdings, VR, 2.469%, 1/11/28 (2) |
1,400 |
1,386 |
|
Santander UK Group Holdings, VR, 4.32%, 9/22/29 (2) |
905 |
894 |
|
Skandinaviska Enskilda Banken, 5.125%, 3/5/27 (1) |
230 |
231 |
|
Standard Chartered, VR, 4.529%, 6/5/32 (1)(2) |
3,145 |
3,047 |
|
Standard Chartered, VR, 5.243%, 1/13/37 (1)(2) |
760 |
730 |
|
State Street, VR, 2.203%, 2/7/28 (2) |
160 |
158 |
|
State Street, VR, 4.421%, 5/13/33 (2) |
430 |
416 |
|
State Street, 5.272%, 8/3/26 |
190 |
190 |
|
State Street, VR, 5.684%, 11/21/29 (2)(3) |
1,400 |
1,430 |
|
Toronto-Dominion Bank, VR, 3.625%, 9/15/31 (2) |
240 |
240 |
|
Toronto-Dominion Bank, 4.456%, 6/8/32 |
95 |
92 |
|
Toronto-Dominion Bank, 5.264%, 12/11/26 |
1,570 |
1,575 |
|
Toronto-Dominion Bank, 5.523%, 7/17/28 |
340 |
345 |
|
Truist Financial, Series I, VR, 4.957%, 7/23/30 (2) |
1,350 |
1,348 |
|
UBS, 5.65%, 9/11/28 |
800 |
817 |
|
UBS Americas, 7.125%, 7/15/32 |
220 |
242 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
US Bancorp, VR, 4.857%, 7/27/30 (2) |
2,355 |
2,350 |
|
US Bancorp, VR, 4.967%, 7/22/33 (2) |
240 |
235 |
|
US Bancorp, VR, 5.85%, 10/21/33 (2) |
1,700 |
1,751 |
|
US Bancorp, VR, 6.787%, 10/26/27 (2) |
220 |
221 |
|
Wells Fargo, VR, 2.393%, 6/2/28 (2) |
710 |
697 |
|
Wells Fargo, VR, 2.879%, 10/30/30 (2) |
735 |
690 |
|
Wells Fargo, VR, 3.068%, 4/30/41 (2) |
300 |
222 |
|
Wells Fargo, VR, 3.526%, 3/24/28 (2) |
1,520 |
1,510 |
|
Wells Fargo, VR, 3.584%, 5/22/28 (2) |
1,600 |
1,587 |
|
Wells Fargo, 3.90%, 5/1/45 |
500 |
379 |
|
Wells Fargo, VR, 4.808%, 7/25/28 (2) |
260 |
260 |
|
Wells Fargo, VR, 5.15%, 4/23/31 (2) |
900 |
904 |
|
Wells Fargo, VR, 5.605%, 4/23/36 (2) |
2,500 |
2,515 |
|
Wells Fargo, VR, 5.707%, 4/22/28 (2) |
860 |
867 |
|
Wells Fargo, VR, 6.303%, 10/23/29 (2) |
690 |
711 |
|
Wells Fargo Bank, 5.254%, 12/11/26 |
760 |
762 |
|
Westpac Banking, 3.35%, 3/8/27 |
580 |
577 |
|
Westpac Banking, VR, 4.322%, 11/23/31 (2) |
240 |
240 |
|
Westpac Banking, VR, 5.405%, 8/10/33 (2) |
200 |
200 |
|
|
|
152,744 |
|
Brokerage Asset Managers Exchanges 0.4% |
|
|
|
Blackrock, 4.70%, 3/14/29 |
900 |
904 |
|
Blackrock, 5.25%, 3/14/54 |
3,300 |
2,944 |
|
Charles Schwab, VR, 4.914%, 11/14/36 (2) |
2,995 |
2,862 |
|
Charles Schwab, VR, 6.196%, 11/17/29 (2) |
460 |
474 |
|
Intercontinental Exchange, 1.85%, 9/15/32 |
15 |
13 |
|
Intercontinental Exchange, 5.20%, 6/15/62 |
800 |
683 |
|
Intercontinental Exchange, 5.25%, 6/15/31 |
110 |
111 |
|
LPL Holdings, 5.15%, 6/15/30 |
600 |
598 |
|
Nasdaq, 5.95%, 8/15/53 |
15 |
14 |
|
|
|
8,603 |
|
Finance Companies 0.2% |
|
|
|
Aercap Funding DAC, 4.875%, 7/7/31 |
2,580 |
2,537 |
|
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/26 |
150 |
149 |
|
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.85%, 10/29/41 |
1,750 |
1,364 |
|
Avolon Holdings Funding, 6.375%, 5/4/28 (1) |
150 |
154 |
|
|
|
4,204 |
|
Financial Other 0.1% |
|
|
|
Atlas Warehouse Lending, 4.625%, 11/15/28 (1) |
2,865 |
2,826 |
|
HA Sustainable Infrastructure Capital, 5.95%, 7/15/33 (1) |
690 |
682 |
|
|
|
3,508 |
|
Insurance 2.7% |
|
|
|
Aetna, 3.875%, 8/15/47 |
110 |
79 |
|
Aetna, 6.625%, 6/15/36 |
745 |
795 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Aetna, 6.75%, 12/15/37 |
240 |
256 |
|
Aflac, 5.15%, 5/14/36 |
600 |
587 |
|
American International Group, 3.875%, 1/15/35 |
40 |
36 |
|
American International Group, 4.85%, 5/7/30 |
600 |
599 |
|
American International Group, 5.45%, 5/7/35 |
300 |
300 |
|
Arthur J Gallagher, 4.85%, 12/15/29 |
25 |
25 |
|
Arthur J Gallagher, 5.45%, 7/15/34 |
920 |
917 |
|
Arthur J Gallagher, 6.75%, 2/15/54 |
50 |
52 |
|
Athene Global Funding, 4.86%, 8/27/26 (1) |
200 |
200 |
|
Athene Global Funding, 5.033%, 7/17/30 (1) |
2,115 |
2,085 |
|
Berkshire Hathaway Finance, 5.75%, 1/15/40 |
240 |
250 |
|
Centene, 2.45%, 7/15/28 |
1,550 |
1,471 |
|
Centene, 2.50%, 3/1/31 |
60 |
52 |
|
Centene, 3.00%, 10/15/30 |
300 |
270 |
|
Centene, 4.25%, 12/15/27 |
130 |
130 |
|
Chubb INA Holdings, 4.90%, 8/15/35 |
300 |
290 |
|
Chubb INA Holdings, 5.00%, 3/15/34 |
700 |
690 |
|
Corebridge Financial, 3.65%, 4/5/27 |
240 |
239 |
|
Corebridge Financial, 3.85%, 4/5/29 |
720 |
701 |
|
Corebridge Financial, 5.75%, 1/15/34 |
300 |
303 |
|
Corebridge Financial, VR, 6.875%, 12/15/52 (2) |
210 |
213 |
|
Corebridge Global Funding, 4.25%, 8/21/28 (1) |
450 |
445 |
|
Corebridge Global Funding, 4.65%, 8/20/27 (1) |
70 |
70 |
|
Elevance Health, 2.25%, 5/15/30 |
60 |
55 |
|
Elevance Health, 4.101%, 3/1/28 |
15 |
15 |
|
Elevance Health, 4.55%, 3/1/48 |
30 |
24 |
|
Elevance Health, 4.65%, 1/15/43 |
85 |
73 |
|
Elevance Health, 6.10%, 10/15/52 |
560 |
544 |
|
Enact Holdings, 6.25%, 5/28/29 |
2,709 |
2,777 |
|
Equitable America Global Funding, 4.95%, 6/25/29 (1) |
3,785 |
3,763 |
|
Fidelity National Financial, 4.50%, 8/15/28 |
70 |
70 |
|
First American Financial, 4.00%, 5/15/30 |
600 |
574 |
|
First American Financial, 5.45%, 9/30/34 |
480 |
465 |
|
GA Global Funding Trust, 5.50%, 7/17/31 (1) |
4,515 |
4,485 |
|
Globe Life, 4.55%, 9/15/28 |
360 |
359 |
|
Globe Life, 5.85%, 9/15/34 |
680 |
690 |
|
Health Care Service, 2.20%, 6/1/30 (1) |
15 |
14 |
|
Humana, 5.375%, 4/15/31 |
220 |
221 |
|
Humana, 5.75%, 12/1/28 |
160 |
163 |
|
Humana, 5.95%, 3/15/34 |
50 |
51 |
|
Jackson Financial, 3.125%, 11/23/31 |
560 |
497 |
|
Jackson National Life Global Funding, 4.70%, 6/5/28 (1) |
2,260 |
2,250 |
|
Jackson National Life Global Funding, 4.90%, 1/13/27 (1) |
225 |
225 |
|
Marsh & McLennan, 5.00%, 3/15/35 |
240 |
233 |
|
Marsh & McLennan, 5.75%, 11/1/32 |
340 |
351 |
|
MassMutual Global Funding II, 5.10%, 4/9/27 (1) |
220 |
221 |
|
Met Tower Global Funding, 4.00%, 1/14/29 (1) |
1,015 |
997 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
MetLife, 5.30%, 12/15/34 |
140 |
140 |
|
MetLife, 5.875%, 2/6/41 |
220 |
221 |
|
MetLife, 6.375%, 6/15/34 |
220 |
234 |
|
MetLife, 10.75%, 8/1/69 |
80 |
101 |
|
MGIC Investment, 5.25%, 8/15/28 |
850 |
849 |
|
New York Life Global Funding, 4.05%, 2/2/29 (1) |
2,730 |
2,686 |
|
New York Life Global Funding, 5.20%, 6/3/36 (1) |
300 |
293 |
|
New York Life Insurance, 3.75%, 5/15/50 (1) |
20 |
14 |
|
Northwestern Mutual Global Funding, 4.74%, 6/30/31 (1) |
2,610 |
2,580 |
|
Pacific Life Global Funding II, 4.375%, 2/3/31 (1) |
2,030 |
1,985 |
|
Pricoa Global Funding I, 4.35%, 11/25/30 (1) |
4,085 |
3,982 |
|
Principal Financial Group, 2.125%, 6/15/30 |
215 |
193 |
|
Principal Financial Group, 3.70%, 5/15/29 |
195 |
189 |
|
Progressive, 2.45%, 1/15/27 |
160 |
159 |
|
Progressive, 6.25%, 12/1/32 |
60 |
64 |
|
Prudential Financial, VR, 5.125%, 3/1/52 (2) |
240 |
233 |
|
Prudential Financial, VR, 6.00%, 9/1/52 (2) |
120 |
121 |
|
Reinsurance Group of America, 5.75%, 9/15/34 |
1,060 |
1,069 |
|
RGA Global Funding, 4.35%, 8/25/28 (1) |
870 |
861 |
|
RGA Global Funding, 4.60%, 11/25/30 (1) |
1,220 |
1,192 |
|
RGA Global Funding, 5.448%, 5/24/29 (1) |
1,200 |
1,215 |
|
Sammons Financial Group, 5.95%, 6/15/36 (1) |
2,340 |
2,292 |
|
Sammons Financial Group Global Funding, 4.80%, 12/12/30 (1) |
1,895 |
1,855 |
|
Teachers Insurance & Annuity Association of America, 4.27%, 5/15/47 (1) |
20 |
15 |
|
Travelers, 5.35%, 11/1/40 |
240 |
232 |
|
UnitedHealth Group, 2.00%, 5/15/30 |
2,810 |
2,536 |
|
UnitedHealth Group, 3.50%, 8/15/39 |
1,340 |
1,074 |
|
UnitedHealth Group, 3.85%, 6/15/28 |
60 |
59 |
|
UnitedHealth Group, 3.875%, 12/15/28 |
120 |
118 |
|
UnitedHealth Group, 4.20%, 5/15/32 |
860 |
826 |
|
UnitedHealth Group, 4.20%, 1/15/47 |
35 |
27 |
|
UnitedHealth Group, 4.25%, 1/15/29 |
1,940 |
1,923 |
|
UnitedHealth Group, 4.95%, 1/15/32 |
120 |
120 |
|
UnitedHealth Group, 4.95%, 5/15/62 |
330 |
268 |
|
UnitedHealth Group, 5.00%, 4/15/34 |
100 |
98 |
|
UnitedHealth Group, 5.35%, 2/15/33 |
150 |
152 |
|
UnitedHealth Group, 5.75%, 7/15/64 |
120 |
111 |
|
UnitedHealth Group, 5.80%, 3/15/36 |
220 |
227 |
|
Willis North America, 5.15%, 3/15/36 |
2,410 |
2,311 |
|
|
|
62,797 |
|
Real Estate Investment Trusts 1.1% |
|
|
|
American Homes 4 Rent, 5.50%, 7/15/34 |
480 |
477 |
|
AvalonBay Communities, 4.35%, 12/1/30 |
2,455 |
2,405 |
|
Boston Properties, 2.75%, 10/1/26 |
680 |
678 |
|
Boston Properties, 3.25%, 1/30/31 |
60 |
55 |
|
Boston Properties, 4.50%, 12/1/28 |
580 |
576 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Brixmor Operating Partnership, 3.90%, 3/15/27 |
15 |
15 |
|
Brixmor Operating Partnership, 4.05%, 7/1/30 |
85 |
82 |
|
Brixmor Operating Partnership, 4.125%, 5/15/29 |
480 |
471 |
|
Brixmor Operating Partnership, 4.85%, 2/15/33 |
930 |
902 |
|
Camden Property Trust, 4.10%, 10/15/28 |
240 |
238 |
|
Camden Property Trust, 5.85%, 11/3/26 |
900 |
902 |
|
Cousins Properties, 5.375%, 2/15/32 |
540 |
542 |
|
Cousins Properties, 5.875%, 10/1/34 |
460 |
464 |
|
Digital Realty Trust, 4.45%, 7/15/28 |
240 |
238 |
|
Essex Portfolio, 2.65%, 3/15/32 |
35 |
31 |
|
Essex Portfolio, 4.50%, 3/15/48 |
20 |
16 |
|
Essex Portfolio, 4.875%, 2/15/36 |
1,405 |
1,334 |
|
Extra Space Storage, 4.00%, 6/15/29 |
315 |
307 |
|
Extra Space Storage, 5.35%, 1/15/35 |
300 |
295 |
|
Healthcare Realty Holdings, 2.00%, 3/15/31 |
120 |
104 |
|
Healthcare Realty Holdings, 3.625%, 1/15/28 |
1,200 |
1,179 |
|
Healthpeak Properties, 2.125%, 12/1/28 |
15 |
14 |
|
Healthpeak Properties, 2.875%, 1/15/31 |
15 |
14 |
|
Invitation Homes Operating Partnership, 4.15%, 4/15/32 |
120 |
113 |
|
Kilroy Realty, 4.25%, 8/15/29 |
150 |
145 |
|
Kilroy Realty, 4.75%, 12/15/28 |
240 |
238 |
|
Kilroy Realty, 6.25%, 1/15/36 |
240 |
239 |
|
Mid-America Apartments, 1.10%, 9/15/26 |
120 |
120 |
|
Mid-America Apartments, 3.95%, 3/15/29 |
660 |
647 |
|
Mid-America Apartments, 5.30%, 2/15/32 |
180 |
182 |
|
Physicians Realty, 2.625%, 11/1/31 |
15 |
13 |
|
Prologis, 4.00%, 9/15/28 |
735 |
726 |
|
Prologis Targeted US Logistics Fund, 4.625%, 3/15/33 (1) |
300 |
287 |
|
Public Storage Operating, 1.85%, 5/1/28 |
380 |
363 |
|
Public Storage Operating, 1.95%, 11/9/28 |
555 |
523 |
|
Public Storage Operating, 5.125%, 1/15/29 (3) |
700 |
709 |
|
Public Storage Operating, 5.35%, 8/1/53 |
40 |
36 |
|
Realty Income, 3.00%, 1/15/27 |
900 |
895 |
|
Realty Income, 3.25%, 1/15/31 |
120 |
112 |
|
Realty Income, 3.95%, 8/15/27 |
25 |
25 |
|
Realty Income, 4.125%, 10/15/26 |
140 |
140 |
|
Realty Income, 5.125%, 2/15/34 |
200 |
198 |
|
Realty Income, 5.625%, 10/13/32 |
430 |
440 |
|
Regency Centers, 3.60%, 2/1/27 |
40 |
40 |
|
Rexford Industrial Realty, 2.15%, 9/1/31 |
720 |
622 |
|
Simon Property Group, 1.375%, 1/15/27 |
240 |
237 |
|
Simon Property Group, 2.65%, 2/1/32 |
70 |
62 |
|
Simon Property Group, 3.25%, 11/30/26 |
360 |
359 |
|
Simon Property Group, 3.80%, 7/15/50 |
35 |
25 |
|
Simon Property Group, 4.30%, 1/15/31 |
2,400 |
2,339 |
|
Simon Property Group, 4.75%, 9/26/34 |
60 |
57 |
|
Ventas Realty, 3.00%, 1/15/30 |
360 |
337 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Ventas Realty, 4.40%, 1/15/29 |
1,950 |
1,932 |
|
Ventas Realty, 5.00%, 1/15/35 |
80 |
77 |
|
Ventas Realty, 5.625%, 7/1/34 |
230 |
232 |
|
Welltower OP, 2.80%, 6/1/31 |
920 |
836 |
|
Welltower OP, 4.125%, 3/15/29 |
240 |
237 |
|
Welltower OP, 4.25%, 4/15/28 |
370 |
368 |
|
Welltower OP, 5.125%, 7/1/35 |
1,310 |
1,291 |
|
|
|
26,541 |
|
Total Financial Institutions |
|
258,397 |
|
INDUSTRIAL 16.7% |
|
|
|
Basic Industry 0.7% |
|
|
|
Air Products & Chemicals, 2.80%, 5/15/50 |
120 |
73 |
|
Air Products & Chemicals, 4.60%, 2/8/29 |
440 |
440 |
|
Air Products & Chemicals, 4.75%, 2/8/31 |
180 |
180 |
|
Anglo American Capital, 4.625%, 3/19/31 (1) |
585 |
571 |
|
ArcelorMittal, 6.00%, 6/17/34 |
120 |
123 |
|
ArcelorMittal, 6.55%, 11/29/27 |
160 |
164 |
|
ArcelorMittal, 6.80%, 11/29/32 |
1,030 |
1,117 |
|
ArcelorMittal, 7.00%, 10/15/39 |
120 |
130 |
|
BHP Billiton Finance USA, 4.90%, 2/28/33 |
120 |
118 |
|
BHP Billiton Finance USA, 5.10%, 9/8/28 |
1,530 |
1,545 |
|
Carpenter Technology, 5.625%, 3/1/34 (1) |
300 |
296 |
|
Celanese US Holdings, 1.40%, 8/5/26 |
150 |
150 |
|
Ecolab, 5.15%, 6/15/33 |
300 |
300 |
|
Freeport-McMoRan, 4.125%, 3/1/28 |
840 |
831 |
|
Freeport-McMoRan, 4.625%, 8/1/30 |
370 |
364 |
|
Freeport-McMoRan, 5.45%, 3/15/43 |
1,150 |
1,068 |
|
Nutrien, 4.00%, 12/15/26 |
180 |
180 |
|
Nutrien, 4.20%, 4/1/29 |
680 |
670 |
|
Nutrien, 4.85%, 5/29/31 |
520 |
515 |
|
Nutrien, 5.40%, 6/21/34 |
1,350 |
1,351 |
|
Reliance, 2.15%, 8/15/30 |
400 |
358 |
|
SNF Group SACA, 5.626%, 3/31/31 (1) |
600 |
601 |
|
Southern Copper, 5.25%, 11/8/42 |
250 |
229 |
|
Southern Copper, 5.875%, 4/23/45 |
180 |
176 |
|
Southern Copper, 7.50%, 7/27/35 |
110 |
124 |
|
Southernpper, 5.35%, 6/24/36 |
3,135 |
3,051 |
|
Steel Dynamics, 3.25%, 1/15/31 |
120 |
112 |
|
Steel Dynamics, 5.375%, 8/15/34 |
240 |
239 |
|
United States Steel, 5.20%, 8/1/31 (1) |
620 |
614 |
|
Vale, 5.625%, 9/11/42 |
120 |
116 |
|
WRKCo, 4.90%, 3/15/29 |
900 |
901 |
|
Yara International, 7.378%, 11/14/32 (1) |
100 |
109 |
|
|
|
16,816 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Capital Goods 1.9% |
|
|
|
AGCO, 5.45%, 3/21/27 |
240 |
241 |
|
Amphenol, 5.05%, 4/5/29 |
1,460 |
1,474 |
|
BAE Systems, 5.00%, 3/26/27 (1) |
900 |
903 |
|
BAE Systems, 5.30%, 3/26/34 (1) |
600 |
599 |
|
Boeing, 2.70%, 2/1/27 |
150 |
149 |
|
Boeing, 2.80%, 3/1/27 |
420 |
416 |
|
Boeing, 3.60%, 5/1/34 |
4,100 |
3,629 |
|
Boeing, 5.04%, 5/1/27 |
230 |
231 |
|
Boeing, 5.805%, 5/1/50 |
600 |
566 |
|
Boeing, 6.259%, 5/1/27 |
1,560 |
1,577 |
|
Boeing, 6.858%, 5/1/54 |
1,010 |
1,082 |
|
Boeing, 6.875%, 3/15/39 |
510 |
557 |
|
Caterpillar Financial Services, 3.95%, 11/14/28 |
3,325 |
3,286 |
|
Caterpillar Financial Services, Series L, 4.50%, 5/15/31 |
1,200 |
1,183 |
|
CNH Industrial Capital, 4.375%, 3/7/31 |
3,155 |
3,057 |
|
CRH America Finance, 5.50%, 1/9/35 |
600 |
600 |
|
CRH SMW Finance DAC, 5.125%, 1/9/30 |
350 |
352 |
|
Eagle Materials, 5.00%, 3/15/36 |
300 |
283 |
|
Ferguson Enterprises, 5.00%, 10/3/34 |
1,250 |
1,214 |
|
Flowserve, 5.70%, 5/15/36 |
600 |
586 |
|
GE Vernova, 4.875%, 2/4/36 |
2,325 |
2,234 |
|
General Dynamics, 3.75%, 5/15/28 |
210 |
208 |
|
General Dynamics, 4.25%, 4/1/40 |
1,050 |
918 |
|
General Electric Captial, 6.75%, 3/15/32 |
460 |
501 |
|
Howmet Aerospace, 3.00%, 1/15/29 |
60 |
58 |
|
Howmet Aerospace, 5.95%, 2/1/37 |
580 |
601 |
|
John Deere Capital, 1.75%, 3/9/27 |
240 |
236 |
|
John Deere Capital, 2.35%, 3/8/27 |
1,520 |
1,503 |
|
John Deere Capital, 4.40%, 9/8/31 |
215 |
211 |
|
John Deere Capital, 4.50%, 1/16/29 |
60 |
60 |
|
John Deere Capital, 4.95%, 7/14/28 |
80 |
81 |
|
John Deere Capital, 5.10%, 4/11/34 |
200 |
199 |
|
Johnson Controls International / Tyco Fire & Security Finance, 1.75%, 9/15/30 |
190 |
168 |
|
Johnson Controls International / Tyco Fire & Security Finance, 5.50%, 4/19/29 |
320 |
326 |
|
L3Harris Technologies, 5.25%, 6/1/31 |
720 |
727 |
|
L3Harris Technologies, 5.40%, 1/15/27 |
410 |
412 |
|
Lockheed Martin, 4.75%, 2/15/34 |
500 |
488 |
|
Northrop Grumman, 3.85%, 4/15/45 |
15 |
11 |
|
Northrop Grumman, 5.25%, 5/1/50 |
460 |
412 |
|
Owens Corning, 3.95%, 8/15/29 |
360 |
351 |
|
Owens Corning, 5.70%, 6/15/34 |
160 |
162 |
|
Parker-Hannifin, 3.25%, 6/14/29 |
300 |
288 |
|
Parker-Hannifin, 4.25%, 9/15/27 |
900 |
898 |
|
Parker-Hannifin, 4.50%, 9/15/29 |
25 |
25 |
|
Regal Rexnord, 6.30%, 2/15/30 |
350 |
362 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Regal Rexnord, 6.40%, 4/15/33 |
1,880 |
1,960 |
|
Republic Services, 2.375%, 3/15/33 |
490 |
418 |
|
Republic Services, 5.00%, 4/1/34 |
495 |
489 |
|
RTX, 4.125%, 11/16/28 |
650 |
643 |
|
RTX, 4.50%, 6/1/42 |
2,050 |
1,767 |
|
RTX, 6.10%, 3/15/34 |
3,000 |
3,162 |
|
Stanley Black & Decker, 4.25%, 11/15/28 |
460 |
456 |
|
Stanley Black & Decker, 5.20%, 9/1/40 |
160 |
147 |
|
Tyco Electronics Group, 4.875%, 2/9/36 |
735 |
704 |
|
Waste Connections, 3.20%, 6/1/32 |
65 |
59 |
|
Waste Connections, 5.00%, 3/1/34 |
1,220 |
1,201 |
|
Westinghouse Air Brake Technologies, 4.70%, 9/15/28 |
330 |
330 |
|
|
|
44,761 |
|
Communications 2.4% |
|
|
|
America Movil SAB de CV, 6.375%, 3/1/35 |
85 |
90 |
|
American Tower, 5.80%, 11/15/28 |
1,450 |
1,481 |
|
AppLovin, 5.50%, 12/1/34 |
1,680 |
1,654 |
|
AT&T, 2.25%, 2/1/32 |
345 |
296 |
|
AT&T, 2.75%, 6/1/31 |
2,500 |
2,251 |
|
AT&T, 3.50%, 6/1/41 |
950 |
700 |
|
AT&T, 4.55%, 11/1/32 |
1,215 |
1,167 |
|
AT&T, 5.40%, 2/15/34 |
1,300 |
1,290 |
|
AT&T, 5.85%, 4/30/46 |
300 |
273 |
|
AT&T, 6.20%, 10/30/56 |
300 |
277 |
|
Charter Communications Operating / Charter Communications Operating Capital, 2.80%,
4/1/31 |
245 |
215 |
|
Charter Communications Operating / Charter Communications Operating Capital, 3.70%,
4/1/51 |
255 |
150 |
|
Charter Communications Operating / Charter Communications Operating Capital, 6.384%,
10/23/35 |
360 |
348 |
|
Chartermmunications Operating / Chartermmunications Operating Capital, 5.85%, 12/1/35 |
300 |
280 |
|
Chartermmunications Operating / Chartermmunications Operating Capital, 6.484%,
10/23/45 |
300 |
260 |
|
Comcast, 2.65%, 2/1/30 |
40 |
37 |
|
Comcast, 2.80%, 1/15/51 |
220 |
116 |
|
Comcast, 5.30%, 6/1/34 |
220 |
216 |
|
Comcast, 7.05%, 3/15/33 |
1,000 |
1,088 |
|
Crown Castle, 2.10%, 4/1/31 |
1,800 |
1,568 |
|
Crown Castle, 2.25%, 1/15/31 |
1,165 |
1,027 |
|
Crown Castle, 2.90%, 3/15/27 |
850 |
842 |
|
Crown Castle, 4.80%, 9/1/28 |
490 |
490 |
|
Meta Platforms, 5.40%, 8/15/54 |
1,800 |
1,462 |
|
Meta Platforms, 5.50%, 11/15/45 |
4,790 |
4,146 |
|
Meta Platforms, 5.60%, 5/15/53 |
220 |
184 |
|
Netflix, 4.375%, 11/15/26 |
90 |
90 |
|
Netflix, 4.90%, 8/15/34 |
240 |
235 |
|
Netflix, 5.25%, 8/15/36 |
4,570 |
4,504 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Netflix, 5.875%, 11/15/28 |
240 |
247 |
|
NTT Finance, 4.876%, 7/16/30 (1) |
1,465 |
1,449 |
|
Orange, 4.75%, 1/13/33 (1) |
1,310 |
1,266 |
|
Orange, 5.00%, 1/13/36 (1) |
600 |
571 |
|
Orange, 5.375%, 1/13/42 |
240 |
224 |
|
Orange, 9.00%, 3/1/31 |
300 |
346 |
|
Rogers Communications, 4.50%, 3/15/42 |
205 |
167 |
|
Rogers Communications, 5.00%, 2/15/29 |
2,645 |
2,648 |
|
Rogersmmunications, 5.30%, 2/15/34 |
600 |
582 |
|
Space Exploration Technologies, 5.35%, 7/15/31 (1) |
815 |
794 |
|
Space Exploration Technologies, 5.65%, 7/15/33 (1) |
1,320 |
1,264 |
|
Sprint Capital, 6.875%, 11/15/28 |
1,000 |
1,044 |
|
Sprint Capital, 8.75%, 3/15/32 |
1,170 |
1,361 |
|
Take-Two Interactive Software, 4.95%, 3/28/28 |
580 |
583 |
|
Take-Two Interactive Software, 5.60%, 6/12/34 |
480 |
484 |
|
Telefonica Emisiones, 7.045%, 6/20/36 |
1,060 |
1,141 |
|
Time Warner Cable, 5.50%, 9/1/41 |
660 |
545 |
|
Time Warner Cable, 6.55%, 5/1/37 |
530 |
504 |
|
Time Warner Cable, 6.75%, 6/15/39 |
410 |
386 |
|
Time Warner Cable, 7.30%, 7/1/38 |
240 |
237 |
|
T-Mobile USA, 2.25%, 11/15/31 |
15 |
13 |
|
T-Mobile USA, 2.55%, 2/15/31 |
260 |
233 |
|
T-Mobile USA, 2.875%, 2/15/31 |
240 |
218 |
|
T-Mobile USA, 3.375%, 4/15/29 |
900 |
866 |
|
T-Mobile USA, 3.40%, 10/15/52 |
860 |
525 |
|
T-Mobile USA, 3.50%, 4/15/31 |
140 |
131 |
|
T-Mobile USA, 3.75%, 4/15/27 |
395 |
393 |
|
T-Mobile USA, 4.375%, 4/15/40 |
980 |
827 |
|
T-Mobile USA, 4.80%, 7/15/28 |
230 |
230 |
|
T-Mobile USA, 4.95%, 11/15/35 |
2,100 |
1,990 |
|
T-Mobile USA, 5.00%, 2/15/36 (3) |
1,400 |
1,327 |
|
T-Mobile USA, 5.15%, 4/15/34 |
240 |
235 |
|
TWDC Enterprises 18, 7.00%, 3/1/32 |
440 |
484 |
|
Verizon Communications, 2.355%, 3/15/32 |
150 |
130 |
|
Verizon Communications, 2.65%, 11/20/40 |
700 |
476 |
|
Verizon Communications, 4.00%, 3/22/50 |
10 |
7 |
|
Verizon Communications, 4.329%, 9/21/28 |
644 |
640 |
|
Verizon Communications, 4.75%, 1/15/33 |
1,800 |
1,744 |
|
Walt Disney, 2.00%, 9/1/29 |
130 |
120 |
|
Walt Disney, 2.65%, 1/13/31 |
1,040 |
953 |
|
Walt Disney, 3.375%, 11/15/26 |
220 |
219 |
|
Walt Disney, 6.20%, 12/15/34 |
280 |
299 |
|
|
|
54,640 |
|
Consumer Cyclical 2.1% |
|
|
|
Airbnb, 4.65%, 3/16/31 |
1,030 |
1,015 |
|
Airbnb, 5.25%, 3/16/36 |
300 |
292 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Amazon.com, 3.875%, 8/22/37 |
115 |
100 |
|
Amazon.com, 4.65%, 11/20/35 |
3,100 |
2,921 |
|
Amazon.com, 4.80%, 7/9/31 |
2,500 |
2,477 |
|
Amazon.com, 5.65%, 3/13/46 |
1,855 |
1,733 |
|
American Honda Finance, 4.55%, 7/9/27 |
2,450 |
2,451 |
|
AutoZone, 1.65%, 1/15/31 |
30 |
26 |
|
AutoZone, 3.75%, 6/1/27 |
30 |
30 |
|
AutoZone, 4.95%, 7/15/31 |
610 |
606 |
|
Best Buy, 1.95%, 10/1/30 |
920 |
815 |
|
Best Buy, 4.45%, 10/1/28 |
240 |
239 |
|
Booking Holdings, 5.375%, 5/7/36 |
600 |
590 |
|
CBRE Services, 2.50%, 4/1/31 |
60 |
53 |
|
CBRE Services, 4.90%, 1/15/33 |
560 |
545 |
|
CBRE Services, 5.95%, 8/15/34 |
250 |
256 |
|
Cummins, 5.15%, 2/20/34 |
300 |
299 |
|
Cummins, 5.45%, 2/20/54 |
210 |
195 |
|
Daimler Truck Finance North America, 4.15%, 1/12/29 (1) |
635 |
625 |
|
Darden Restaurants, 3.85%, 5/1/27 |
240 |
239 |
|
Denso, 4.864%, 6/29/31 (1) |
3,325 |
3,308 |
|
Dollar General, 5.20%, 7/5/28 |
240 |
242 |
|
Dollar General, 5.50%, 11/1/52 |
620 |
562 |
|
Ford Motor, 4.346%, 12/8/26 |
480 |
479 |
|
Ford Motor, 4.75%, 1/15/43 |
160 |
123 |
|
Ford Motor, 6.625%, 10/1/28 |
220 |
227 |
|
Ford Motor, 7.40%, 11/1/46 |
830 |
845 |
|
Ford Motor, 7.45%, 7/16/31 |
70 |
75 |
|
Ford Motor Credit, 4.271%, 1/9/27 |
1,320 |
1,317 |
|
Ford Motor Credit, 7.122%, 11/7/33 |
200 |
211 |
|
General Motors, 5.00%, 10/1/28 |
80 |
80 |
|
General Motors, 6.25%, 10/2/43 |
940 |
914 |
|
General Motors Financial, 2.35%, 2/26/27 |
240 |
237 |
|
General Motors Financial, 2.40%, 4/10/28 |
130 |
125 |
|
General Motors Financial, 4.35%, 1/17/27 |
140 |
140 |
|
General Motors Financial, 5.00%, 4/9/27 |
240 |
241 |
|
General Motors Financial, 5.45%, 1/8/36 |
1,065 |
1,040 |
|
General Motors Financial, 5.80%, 6/23/28 |
120 |
122 |
|
General Motors Financial, 5.80%, 1/7/29 |
500 |
510 |
|
GLP Capital / GLP Financing II, 5.625%, 9/15/34 |
880 |
856 |
|
GLP Capital / GLP Financing II, 5.625%, 3/1/36 |
300 |
288 |
|
Home Depot, 4.95%, 6/25/34 |
540 |
532 |
|
Home Depot, 5.40%, 6/25/64 |
60 |
54 |
|
Home Depot, 5.875%, 12/16/36 |
90 |
93 |
|
Home Depot, 5.95%, 4/1/41 |
480 |
493 |
|
Hyundai Capital America, 4.55%, 1/8/31 (1) |
610 |
594 |
|
Hyundai Capital America, 4.75%, 6/18/29 (1) |
660 |
655 |
|
Hyundai Capital America, 4.90%, 6/23/28 (1) |
2,890 |
2,890 |
|
Hyundai Capital America, 5.00%, 4/7/31 (1) |
600 |
594 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Hyundai Capital America, 5.35%, 3/19/29 (1) |
620 |
625 |
|
Las Vegas Sands, 5.90%, 6/1/27 |
200 |
202 |
|
Las Vegas Sands, 6.00%, 8/15/29 |
60 |
61 |
|
Lowe's, 4.45%, 4/1/62 |
1,370 |
1,005 |
|
Lowe's, 5.00%, 4/15/33 |
250 |
247 |
|
O'Reilly Automotive, 3.60%, 9/1/27 |
30 |
30 |
|
O'Reilly Automotive, 3.90%, 6/1/29 |
285 |
278 |
|
O'Reilly Automotive, 5.00%, 8/19/34 |
2,065 |
2,004 |
|
PACCAR Financial, Series R, 3.90%, 2/5/29 |
2,695 |
2,654 |
|
PACCAR Financial, Series R, 4.00%, 11/7/28 |
745 |
737 |
|
PACCAR Financial, 5.20%, 11/9/26 |
205 |
205 |
|
Ross Stores, 1.875%, 4/15/31 |
890 |
777 |
|
Royal Caribbean Cruises, 5.625%, 9/30/31 (1) |
900 |
903 |
|
Starbucks, 2.55%, 11/15/30 |
320 |
291 |
|
Starbucks, 4.00%, 11/15/28 |
220 |
217 |
|
Starbucks, 4.90%, 2/15/31 |
170 |
170 |
|
TJX, 1.60%, 5/15/31 |
30 |
26 |
|
TJX, 2.25%, 9/15/26 |
240 |
239 |
|
Toyota Motor Credit, 1.90%, 4/6/28 |
120 |
115 |
|
Toyota Motor Credit, 3.20%, 1/11/27 |
240 |
239 |
|
Toyota Motor Credit, 3.65%, 1/8/29 |
1,140 |
1,116 |
|
Toyota Motor Credit, 4.60%, 10/10/31 |
80 |
79 |
|
Toyota Motor Credit, 4.65%, 1/5/29 |
60 |
60 |
|
Toyota Motor Credit, 4.80%, 1/5/34 |
120 |
117 |
|
Toyota Motor Credit, 5.05%, 5/16/29 |
60 |
61 |
|
Toyota Motor Credit, 5.25%, 9/11/28 |
970 |
983 |
|
Tractor Supply, 1.75%, 11/1/30 |
240 |
210 |
|
Uber Technologies, 4.80%, 9/15/35 |
300 |
285 |
|
Uber Technologies, 5.35%, 9/15/54 |
40 |
35 |
|
Volkswagen Group of America Finance, 4.95%, 8/15/29 (1) |
800 |
797 |
|
Volkswagen Group of America Finance, 6.45%, 11/16/30 (1) |
600 |
626 |
|
|
|
48,748 |
|
Consumer Non-Cyclical 3.7% |
|
|
|
Abbott Laboratories, 1.40%, 6/30/30 |
140 |
124 |
|
Abbott Laboratories, 3.75%, 11/30/26 |
220 |
220 |
|
Abbott Laboratories, 4.75%, 11/30/36 |
710 |
678 |
|
Abbott Laboratories, 4.90%, 11/30/46 |
300 |
265 |
|
Abbott Laboratories, 5.30%, 5/27/40 |
300 |
294 |
|
Abbott Laboratories, 6.15%, 11/30/37 |
200 |
213 |
|
AbbVie, 2.95%, 11/21/26 |
990 |
986 |
|
AbbVie, 3.20%, 11/21/29 |
15 |
14 |
|
AbbVie, 4.05%, 11/21/39 |
560 |
479 |
|
AbbVie, 4.25%, 11/21/49 |
300 |
234 |
|
AbbVie, 4.50%, 5/14/35 |
1,615 |
1,526 |
|
AbbVie, 4.55%, 3/15/35 |
240 |
228 |
|
AbbVie, 4.80%, 3/15/29 |
145 |
145 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
AbbVie, 5.05%, 3/15/34 |
960 |
952 |
|
Agilent Technologies, 4.90%, 1/15/32 (1) |
4,030 |
3,991 |
|
Amgen, 1.65%, 8/15/28 |
800 |
754 |
|
Amgen, 3.15%, 2/21/40 |
120 |
91 |
|
Amgen, 4.40%, 2/22/62 |
120 |
89 |
|
Amgen, 5.15%, 11/15/41 |
240 |
222 |
|
Amgen, 5.75%, 3/2/63 |
910 |
839 |
|
Anheuser-Busch InBev Worldwide, 5.45%, 1/23/39 |
15 |
15 |
|
Anheuser-Busch InBev Worldwide, 8.20%, 1/15/39 |
1,320 |
1,619 |
|
AstraZeneca, 1.375%, 8/6/30 |
135 |
118 |
|
AstraZeneca, 4.00%, 1/17/29 |
520 |
513 |
|
AstraZeneca, 4.00%, 9/18/42 |
350 |
286 |
|
Astrazeneca Finance, 1.75%, 5/28/28 |
400 |
381 |
|
Astrazeneca Finance, 4.85%, 2/26/29 |
1,920 |
1,932 |
|
Astrazeneca Finance, 4.875%, 3/3/28 |
220 |
221 |
|
Astrazeneca Finance, 4.875%, 3/3/33 |
100 |
99 |
|
Astrazeneca Finance, 5.00%, 2/26/34 |
200 |
198 |
|
Augusta SpinCo, 4.656%, 3/23/31 |
1,645 |
1,618 |
|
Augusta SpinCo, 4.945%, 3/23/33 |
300 |
294 |
|
BAT Capital, 3.557%, 8/15/27 |
538 |
533 |
|
BAT Capital, 4.39%, 8/15/37 |
550 |
492 |
|
BAT Capital, 4.70%, 4/2/27 |
180 |
180 |
|
BAT Capital, 7.079%, 8/2/43 |
690 |
744 |
|
BAT Capital, 7.081%, 8/2/53 |
1,100 |
1,190 |
|
Bayer US Finance, 5.125%, 7/20/31 (1) |
740 |
734 |
|
Becton Dickinson, 4.874%, 2/8/29 |
180 |
180 |
|
Biogen, 3.15%, 5/1/50 |
15 |
9 |
|
Cencora, 2.70%, 3/15/31 |
280 |
254 |
|
Cencora, 4.85%, 12/15/29 |
970 |
971 |
|
Cigna Group, 4.90%, 12/15/48 |
3,410 |
2,866 |
|
CommonSpirit Health, 2.782%, 10/1/30 |
20 |
18 |
|
CSL Finance, 4.25%, 4/27/32 (1) |
300 |
286 |
|
CVS Health, 1.30%, 8/21/27 |
240 |
232 |
|
CVS Health, 1.875%, 2/28/31 |
15 |
13 |
|
CVS Health, 3.00%, 8/15/26 |
200 |
200 |
|
CVS Health, 3.25%, 8/15/29 |
50 |
48 |
|
CVS Health, 4.125%, 4/1/40 |
660 |
547 |
|
CVS Health, 4.875%, 7/20/35 |
710 |
674 |
|
CVS Health, 5.00%, 1/30/29 |
60 |
60 |
|
CVS Health, 5.00%, 9/15/32 |
320 |
317 |
|
CVS Health, 5.05%, 3/25/48 |
300 |
254 |
|
CVS Health, 5.125%, 7/20/45 |
145 |
126 |
|
CVS Health, 5.25%, 2/21/33 |
600 |
600 |
|
CVS Health, 5.40%, 6/1/29 |
720 |
731 |
|
CVS Health, 5.625%, 2/21/53 |
600 |
540 |
|
CVS Health, 5.70%, 6/1/34 |
60 |
61 |
|
CVS Health, 5.875%, 6/1/53 |
380 |
353 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
CVS Health, 6.00%, 6/1/63 |
850 |
788 |
|
CVS Health, 6.125%, 9/15/39 |
80 |
81 |
|
CVS Health, 6.25%, 6/1/27 |
240 |
243 |
|
Eli Lilly, 4.70%, 2/9/34 |
240 |
235 |
|
Eli Lilly, 4.90%, 10/15/35 |
3,100 |
3,032 |
|
Eli Lilly, 5.10%, 2/9/64 |
170 |
147 |
|
Eli Lilly, 5.20%, 8/14/64 |
180 |
158 |
|
Eli Lilly, 5.60%, 2/12/65 |
300 |
281 |
|
Estee Lauder, 5.00%, 2/14/34 |
640 |
630 |
|
Hackensack Meridian Health, 4.211%, 7/1/48 |
85 |
66 |
|
Haleon US Capital, 3.375%, 3/24/27 |
620 |
616 |
|
HCA, 4.125%, 6/15/29 |
1,400 |
1,374 |
|
HCA, 4.375%, 3/15/42 |
20 |
16 |
|
HCA, 5.875%, 2/1/29 |
2,150 |
2,192 |
|
Imperial Brands Finance, 4.875%, 2/7/32 (1) |
1,545 |
1,514 |
|
IQVIA, 6.25%, 2/1/29 |
2,495 |
2,564 |
|
Kaiser Foundation Hospitals, 2.81%, 6/1/41 |
1,250 |
894 |
|
Kaiser Foundation Hospitals, 3.002%, 6/1/51 |
840 |
521 |
|
Kenvue, 4.85%, 5/22/32 |
300 |
298 |
|
Kenvue, 4.90%, 3/22/33 |
550 |
543 |
|
Kenvue, 5.00%, 3/22/30 |
700 |
703 |
|
Kenvue, 5.10%, 3/22/43 |
60 |
55 |
|
Kenvue, 5.20%, 3/22/63 |
90 |
77 |
|
Keurig Dr Pepper, 4.60%, 5/15/30 |
300 |
295 |
|
Keurig Dr. Pepper, 3.20%, 5/1/30 |
3,800 |
3,555 |
|
Kraft Heinz Foods, 5.20%, 3/15/32 |
3,000 |
3,005 |
|
Kraft Heinz Foods, 6.875%, 1/26/39 |
600 |
641 |
|
Kroger, 2.65%, 10/15/26 |
1,550 |
1,545 |
|
Kroger, 5.00%, 9/15/34 |
120 |
116 |
|
Maple Parent Holdings, 5.70%, 3/26/36 (1) |
600 |
596 |
|
Mars, 4.60%, 3/1/28 (1) |
300 |
300 |
|
Mars, 4.75%, 4/20/33 (1) |
100 |
98 |
|
Mars, 5.00%, 3/1/32 (1) |
2,000 |
1,995 |
|
McCormick, 4.15%, 2/15/29 |
1,140 |
1,122 |
|
McKesson, 1.30%, 8/15/26 |
240 |
240 |
|
McKesson, 4.90%, 7/15/28 |
240 |
241 |
|
MedStar Health, 3.626%, 8/15/49 |
30 |
21 |
|
Memorial Sloan-Kettering Cancer Center, 4.20%, 7/1/55 |
10 |
8 |
|
Merck, 5.15%, 5/17/63 |
230 |
198 |
|
Mondelez International, 4.75%, 2/20/29 |
3,400 |
3,405 |
|
Northwell Healthcare, 3.979%, 11/1/46 |
20 |
15 |
|
NYU Langone Hospitals, 4.368%, 7/1/47 |
15 |
12 |
|
Pfizer, 4.50%, 11/15/32 |
3,365 |
3,278 |
|
Pfizer Investment Enterprises, 4.45%, 5/19/28 |
180 |
180 |
|
Providence St Joseph Health Obligated Group, 2.532%, 10/1/29 |
120 |
112 |
|
Revvity, 3.30%, 9/15/29 |
1,100 |
1,047 |
|
Reynolds American, 5.70%, 8/15/35 |
630 |
638 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Reynolds American, 7.25%, 6/15/37 |
240 |
269 |
|
Roche Holdings, 4.075%, 12/2/30 (1) |
1,605 |
1,560 |
|
Smithfield Foods, 5.20%, 4/1/29 (1) |
15 |
15 |
|
Solventum, 5.40%, 3/1/29 |
1,491 |
1,509 |
|
Stanford Health Care, 3.795%, 11/15/48 |
10 |
7 |
|
Sutter Health, 3.695%, 8/15/28 |
240 |
236 |
|
Takeda Pharmaceutical, 5.00%, 11/26/28 |
1,160 |
1,166 |
|
Thermo Fisher Scientific, 2.60%, 10/1/29 |
600 |
563 |
|
Thermo Fisher Scientific, 4.902%, 2/12/36 |
300 |
290 |
|
Thermo Fisher Scientific, 5.404%, 8/10/43 |
3,000 |
2,850 |
|
Tyson Foods, 3.55%, 6/2/27 |
180 |
179 |
|
Tyson Foods, 4.35%, 3/1/29 |
120 |
119 |
|
Tyson Foods, 5.40%, 3/15/29 |
660 |
670 |
|
Wyeth, 5.95%, 4/1/37 |
240 |
249 |
|
Wyeth, 6.00%, 2/15/36 |
220 |
229 |
|
Zoetis, 4.15%, 8/17/28 |
2,890 |
2,866 |
|
|
|
85,319 |
|
Energy 2.3% |
|
|
|
Boardwalk Pipelines, 3.40%, 2/15/31 |
25 |
23 |
|
BP Capital Markets America, 3.543%, 4/6/27 |
1,080 |
1,074 |
|
BP Capital Markets America, 3.937%, 9/21/28 |
760 |
750 |
|
BP Capital Markets America, 4.812%, 2/13/33 |
430 |
421 |
|
BP Capital Markets America, 4.989%, 4/10/34 |
380 |
374 |
|
BP Capital Markets America, 5.227%, 11/17/34 |
360 |
360 |
|
Cameron LNG, 3.701%, 1/15/39 (1) |
40 |
33 |
|
Canadian Natural Resources, 2.95%, 7/15/30 |
20 |
19 |
|
Cheniere Corpus Christi Holdings, 5.125%, 6/30/27 |
580 |
581 |
|
Cheniere Energy, 4.625%, 10/15/28 |
330 |
328 |
|
Cheniere Energy, 6.00%, 7/30/56 (1) |
600 |
573 |
|
Cheniere Energy Partners, 3.25%, 1/31/32 |
300 |
271 |
|
Cheniere Energy Partners, 4.50%, 10/1/29 |
240 |
237 |
|
Cheniere Energy Partners, 5.35%, 11/30/36 (1) |
385 |
374 |
|
Cheniere Energy Partners, 5.95%, 6/30/33 |
1,000 |
1,030 |
|
Chevron USA, 4.30%, 10/15/30 |
1,725 |
1,702 |
|
Columbia Pipelines Holding, 4.999%, 11/17/32 (1) |
2,580 |
2,520 |
|
Continental Resources, 4.375%, 1/15/28 |
310 |
308 |
|
Continental Resources, 4.90%, 6/1/44 |
180 |
143 |
|
Devon Energy, 3.90%, 5/15/27 (1) |
1,350 |
1,346 |
|
Devon Energy, 4.375%, 3/15/29 (1) |
60 |
59 |
|
Devon Energy, 4.75%, 5/15/42 |
250 |
215 |
|
Devon Energy, 5.20%, 9/15/34 |
90 |
89 |
|
Devon Energy, 7.95%, 4/15/32 |
60 |
68 |
|
Enbridge, 1.60%, 10/4/26 |
1,020 |
1,015 |
|
Enbridge, 4.20%, 11/20/28 |
1,710 |
1,691 |
|
Enbridge, 5.625%, 4/5/34 |
55 |
56 |
|
Enbridge, 5.90%, 11/15/26 |
90 |
90 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Enbridge, 6.70%, 11/15/53 |
35 |
37 |
|
Enbridge, VR, 7.375%, 3/15/55 (2) |
210 |
219 |
|
Enbridge Energy Partners, 5.50%, 9/15/40 |
10 |
10 |
|
Energy Transfer, 4.95%, 6/15/28 |
60 |
60 |
|
Energy Transfer, 5.35%, 1/15/36 |
2,155 |
2,107 |
|
Energy Transfer, 5.55%, 5/15/34 |
100 |
100 |
|
Energy Transfer, 5.60%, 9/1/34 |
60 |
60 |
|
Eni, 5.50%, 5/15/34 (1) |
600 |
598 |
|
Enterprise Products Operating, 4.15%, 10/16/28 |
110 |
109 |
|
Enterprise Products Operating, 4.30%, 6/20/28 |
710 |
707 |
|
Enterprise Products Operating, 4.60%, 1/11/27 |
580 |
581 |
|
Enterprise Products Operating, 4.60%, 1/15/31 |
1,070 |
1,059 |
|
Enterprise Products Operating, 4.85%, 1/31/34 |
1,020 |
996 |
|
Enterprise Products Operating, VR, 5.25%, 8/16/77 (2) |
240 |
239 |
|
Enterprise Products Operating, 5.35%, 1/31/33 |
100 |
101 |
|
Enterprise Products Operating, VR, 5.375%, 2/15/78 (2) |
110 |
109 |
|
Enterprise Products Operating, 5.95%, 2/1/41 |
220 |
223 |
|
Enterprise Products Operating, 6.65%, 10/15/34 |
120 |
131 |
|
EOG Resources, 4.40%, 7/15/28 |
960 |
957 |
|
EOG Resources, 4.40%, 1/15/31 |
805 |
789 |
|
Halliburton, 2.92%, 3/1/30 |
500 |
467 |
|
Harbour Energy, 6.327%, 4/1/35 (1) |
600 |
604 |
|
Hess, 5.60%, 2/15/41 |
620 |
610 |
|
Hess, 7.125%, 3/15/33 |
50 |
56 |
|
Marathon Petroleum, 5.70%, 3/1/35 (3) |
2,500 |
2,525 |
|
MPLX, 4.80%, 2/15/31 |
1,635 |
1,614 |
|
MPLX, 5.50%, 6/1/34 |
280 |
279 |
|
MPLX, 5.65%, 3/1/53 |
350 |
313 |
|
National Fuel Gas, 5.05%, 10/15/31 |
300 |
296 |
|
Occidental Petroleum, 5.375%, 1/1/32 (3) |
90 |
91 |
|
Occidental Petroleum, 6.45%, 9/15/36 |
70 |
74 |
|
Occidental Petroleum, 6.60%, 3/15/46 |
300 |
307 |
|
Occidental Petroleum, 7.875%, 9/15/31 |
920 |
1,027 |
|
Occidental Petroleum, 7.95%, 6/15/39 |
70 |
81 |
|
ONEOK, 4.75%, 10/15/31 |
1,200 |
1,174 |
|
ONEOK, 5.375%, 6/1/29 |
1,280 |
1,295 |
|
ONEOK, 5.55%, 11/1/26 |
710 |
711 |
|
ONEOK, 5.60%, 4/1/44 |
240 |
218 |
|
ONEOK, 6.625%, 9/1/53 |
200 |
201 |
|
Ovintiv, 6.50%, 8/15/34 |
80 |
84 |
|
Ovintiv, 7.375%, 11/1/31 |
60 |
66 |
|
Patterson-UTI Energy, 5.15%, 11/15/29 |
560 |
558 |
|
Patterson-UTI Energy, 7.15%, 10/1/33 |
590 |
626 |
|
Sabine Pass Liquefaction, 4.20%, 3/15/28 |
70 |
69 |
|
Sabine Pass Liquefaction, 4.50%, 5/15/30 |
85 |
84 |
|
Schlumberger Holdings, 3.90%, 5/17/28 (1) |
300 |
296 |
|
Schlumberger Holdings, 5.00%, 6/1/34 |
300 |
294 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Schlumberger Investment, 4.50%, 5/15/28 |
240 |
239 |
|
Shell Finance US, 2.375%, 11/7/29 |
590 |
550 |
|
Shell Finance US, 2.75%, 4/6/30 |
1,030 |
960 |
|
Shell Finance US, 3.875%, 11/13/28 |
80 |
79 |
|
Shell Finance US, 6.375%, 12/15/38 |
240 |
255 |
|
South Bow USA Infrastructure Holdings, 4.911%, 9/1/27 |
1,080 |
1,082 |
|
South Bow USA Infrastructure Holdings, 5.026%, 10/1/29 |
90 |
90 |
|
Spectra Energy Partners, 3.375%, 10/15/26 |
520 |
519 |
|
Targa Resources, 5.20%, 7/1/27 |
1,260 |
1,267 |
|
Targa Resources, 5.50%, 2/15/35 |
170 |
168 |
|
Targa Resources Partners / Targa Resources Partners Finance, 5.00%, 1/15/28 |
203 |
203 |
|
Targa Resources Partners / Targa Resources Partners Finance, 5.50%, 3/1/30 |
460 |
463 |
|
TotalEnergies Capital, 3.883%, 10/11/28 |
240 |
237 |
|
TotalEnergies Capital, 5.15%, 4/5/34 |
240 |
240 |
|
TotalEnergies Capital, 5.275%, 9/10/54 |
450 |
402 |
|
TotalEnergies Capital International, 3.127%, 5/29/50 |
1,450 |
918 |
|
TotalEnergies Capital USA, 4.569%, 1/13/33 |
1,550 |
1,503 |
|
TransCanada PipeLines, 4.625%, 3/1/34 |
1,060 |
1,007 |
|
TransCanada PipeLines, 5.85%, 3/15/36 |
200 |
204 |
|
TransCanada PipeLines, 7.625%, 1/15/39 |
120 |
138 |
|
Transcontinental Gas Pipe Line, 4.60%, 3/15/48 |
10 |
8 |
|
Western Midstream Operating, 5.45%, 11/15/34 |
450 |
441 |
|
Western Midstream Operating, 6.35%, 1/15/29 |
640 |
660 |
|
Williams, 4.625%, 6/30/30 |
1,025 |
1,012 |
|
Williams, 5.15%, 3/15/34 |
585 |
574 |
|
Williams, 5.30%, 8/15/28 |
920 |
930 |
|
Williams, 8.75%, 3/15/32 |
120 |
140 |
|
Woodside Finance, 4.50%, 3/4/29 (1) |
20 |
20 |
|
|
|
53,271 |
|
Industrial Other 0.2% |
|
|
|
Booz Allen Hamilton, 5.90%, 1/30/34 (4) |
440 |
434 |
|
Booz Allen Hamilton, 5.95%, 8/4/33 |
600 |
597 |
|
Booz Allen Hamilton, 5.95%, 4/15/35 (3) |
2,000 |
1,966 |
|
Cornell University, 4.835%, 6/15/34 |
360 |
355 |
|
President and Fellows of Harvard College, 4.609%, 2/15/35 |
810 |
787 |
|
Washington University, 3.524%, 4/15/54 |
120 |
84 |
|
|
|
4,223 |
|
Technology 2.9% |
|
|
|
Accenture Capital, 4.05%, 10/4/29 |
840 |
823 |
|
Accenture Capital, 4.25%, 10/4/31 |
600 |
578 |
|
Accenture Capital, 4.50%, 10/4/34 |
990 |
929 |
|
Alphabet, 4.80%, 2/15/36 |
2,155 |
2,058 |
|
Analog Devices, 1.70%, 10/1/28 |
1,020 |
960 |
|
Analog Devices, 3.50%, 12/5/26 |
530 |
528 |
|
Broadcom, 2.45%, 2/15/31 |
540 |
481 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Broadcom, 3.50%, 2/15/41 |
210 |
158 |
|
Broadcom, 4.00%, 4/15/29 |
240 |
235 |
|
Broadcom, 4.60%, 7/15/30 |
830 |
815 |
|
Broadcom, 4.60%, 1/15/33 |
2,475 |
2,358 |
|
Broadcom, 5.15%, 11/15/31 |
140 |
140 |
|
Broadcom / Broadcom Cayman Finance, 3.50%, 1/15/28 |
210 |
207 |
|
Cadence Design Systems, 4.30%, 9/10/29 |
365 |
360 |
|
Cadence Design Systems, 4.70%, 9/10/34 |
300 |
289 |
|
CDW / CDW Finance, 2.67%, 12/1/26 |
1,110 |
1,103 |
|
CDW / CDW Finance, 3.25%, 2/15/29 |
260 |
248 |
|
CDW / CDW Finance, 4.25%, 4/1/28 |
45 |
44 |
|
CDW / CDW Finance, 5.55%, 8/22/34 |
160 |
155 |
|
Dell International / EMC, 4.75%, 7/15/31 |
1,530 |
1,504 |
|
Dell International / EMC, 8.10%, 7/15/36 |
810 |
939 |
|
Equinix, 2.90%, 11/18/26 |
520 |
518 |
|
Equinix Europe 2 Financing, 5.50%, 6/15/34 |
920 |
909 |
|
Fidelity National Information Services, 4.80%, 3/10/31 |
1,695 |
1,664 |
|
Fiserv, 4.20%, 10/1/28 |
910 |
896 |
|
Fiserv, 5.15%, 8/12/34 |
360 |
343 |
|
Fiserv, 5.375%, 8/21/28 |
800 |
807 |
|
Fiserv, 5.45%, 3/2/28 |
1,500 |
1,512 |
|
Fiserv, 5.45%, 3/15/34 |
600 |
584 |
|
Fortinet, 2.20%, 3/15/31 |
1,060 |
937 |
|
Foundry JV Holdco, 6.10%, 1/25/36 (1) |
600 |
613 |
|
Foundry JV Holdco, 6.15%, 1/25/32 (1) |
200 |
206 |
|
Foundry JV Holdco, 6.20%, 1/25/37 (1) |
3,200 |
3,275 |
|
Gartner, 3.625%, 6/15/29 (1) |
600 |
565 |
|
HUT 8 DC, 6.192%, 11/15/42 (1) |
300 |
291 |
|
Intel, 1.60%, 8/12/28 |
260 |
245 |
|
Intel, 3.15%, 5/11/27 |
240 |
238 |
|
Intel, 3.75%, 3/25/27 |
910 |
905 |
|
Intel, 4.60%, 3/25/40 |
190 |
164 |
|
Intel, 4.80%, 10/1/41 |
300 |
256 |
|
Intel, 4.875%, 2/10/28 |
120 |
120 |
|
Intel, 5.00%, 2/21/31 |
160 |
159 |
|
International Business Machines, 1.70%, 5/15/27 |
240 |
235 |
|
International Business Machines, 4.15%, 5/15/39 |
240 |
200 |
|
International Business Machines, 6.22%, 8/1/27 |
1,160 |
1,180 |
|
Keysight Technologies, 3.00%, 10/30/29 |
50 |
47 |
|
Keysight Technologies, 4.60%, 4/6/27 |
120 |
120 |
|
Keysight Technologies, 4.95%, 10/15/34 |
240 |
232 |
|
Keysight Technologies, 5.35%, 7/30/30 |
600 |
608 |
|
Leidos, 2.30%, 2/15/31 |
2,600 |
2,295 |
|
Leidos, 4.10%, 3/15/29 |
300 |
294 |
|
Marvell Technology, 2.45%, 4/15/28 |
80 |
77 |
|
Marvell Technology, 2.95%, 4/15/31 |
2,240 |
2,032 |
|
Marvell Technology, 4.75%, 7/15/30 |
215 |
212 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Marvell Technology, 4.875%, 6/22/28 |
120 |
120 |
|
Marvell Technology, 5.75%, 2/15/29 |
70 |
71 |
|
Motorola Solutions, 2.30%, 11/15/30 |
70 |
63 |
|
Motorola Solutions, 5.00%, 4/15/29 |
2,490 |
2,502 |
|
Motorola Solutions, 5.40%, 4/15/34 |
160 |
159 |
|
NXP / NXP Funding, 5.55%, 12/1/28 |
1,330 |
1,349 |
|
NXP / NXP Funding / NXP USA, 2.50%, 5/11/31 |
135 |
120 |
|
NXP / NXP Funding / NXP USA, 3.15%, 5/1/27 |
305 |
302 |
|
NXP / NXP Funding / NXP USA, 3.40%, 5/1/30 |
15 |
14 |
|
NXP / NXP Funding / NXP USA, 4.30%, 8/19/28 |
225 |
223 |
|
Oracle, 2.875%, 3/25/31 |
260 |
227 |
|
Oracle, 3.60%, 4/1/40 |
15 |
10 |
|
Oracle, 4.00%, 11/15/47 |
3,135 |
1,968 |
|
Oracle, 5.20%, 9/26/35 |
2,100 |
1,886 |
|
Oracle, 5.375%, 7/15/40 |
300 |
251 |
|
Oracle, 5.70%, 2/4/36 |
300 |
278 |
|
Oracle, 6.90%, 11/9/52 |
1,490 |
1,341 |
|
Paychex, 5.35%, 4/15/32 |
600 |
602 |
|
Qorvo, 4.375%, 10/15/29 |
1,556 |
1,499 |
|
QTS Fayetteville I Dc1-2 / QTS TRS Fayetteville I DC1-2, 5.70%, 4/15/36 (1) |
600 |
549 |
|
RD Michigan Property Owner I, 7.50%, 3/30/45 (1) |
600 |
580 |
|
RELX Capital, 3.00%, 5/22/30 |
25 |
23 |
|
RELX Capital, 4.00%, 3/18/29 |
560 |
549 |
|
Salesforce, 1.50%, 7/15/28 |
1,350 |
1,273 |
|
Salesforce, 1.95%, 7/15/31 |
70 |
60 |
|
Salesforce, 2.70%, 7/15/41 |
4,580 |
3,002 |
|
Salesforce, 6.55%, 3/15/56 |
300 |
286 |
|
ServiceNow, 1.40%, 9/1/30 |
1,190 |
1,036 |
|
ServiceNow, 6.30%, 5/15/56 |
300 |
289 |
|
Synopsys, 5.15%, 4/1/35 |
600 |
582 |
|
Teledyne Technologies, 2.25%, 4/1/28 |
130 |
125 |
|
Teledyne Technologies, 2.75%, 4/1/31 |
870 |
787 |
|
Texas Instruments, 1.90%, 9/15/31 |
1,900 |
1,648 |
|
Texas Instruments, 3.875%, 3/15/39 |
190 |
161 |
|
Texas Instruments, 5.05%, 5/18/63 |
1,900 |
1,590 |
|
VeriSign, 5.10%, 7/15/31 |
1,745 |
1,738 |
|
Visa, 1.90%, 4/15/27 |
450 |
443 |
|
Visa, 2.70%, 4/15/40 |
915 |
674 |
|
Visa, 4.30%, 12/14/45 |
70 |
58 |
|
VMware, 1.40%, 8/15/26 |
225 |
225 |
|
VMware, 1.80%, 8/15/28 |
120 |
113 |
|
|
|
66,427 |
|
Transportation 0.5% |
|
|
|
Burlington Northern Santa Fe, 5.05%, 3/1/41 |
140 |
132 |
|
Burlington Northern Santa Fe, 5.15%, 9/1/43 |
440 |
406 |
|
Burlington Northern Santa Fe, 5.50%, 3/15/55 |
210 |
195 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Burlington Northern Santa Fe, 6.15%, 5/1/37 |
1,080 |
1,150 |
|
Canadian National Railway, 3.85%, 8/5/32 |
300 |
283 |
|
Canadian Pacific Railway, 1.75%, 12/2/26 |
95 |
94 |
|
Canadian Pacific Railway, 2.875%, 11/15/29 |
120 |
113 |
|
Canadian Pacific Railway, 3.50%, 5/1/50 |
15 |
10 |
|
Canadian Pacific Railway, 4.70%, 5/1/48 |
10 |
8 |
|
Canadian Pacific Railway, 6.125%, 12/31/99 |
290 |
284 |
|
Element Fleet Management, 4.641%, 11/24/30 (1) |
2,565 |
2,509 |
|
ERAC USA Finance, 4.50%, 10/30/29 (1) |
600 |
593 |
|
ERAC USA Finance, 4.50%, 2/15/45 (1) |
10 |
8 |
|
ERAC USA Finance, 4.70%, 4/30/31 (1) |
2,935 |
2,897 |
|
ERAC USA Finance, 4.90%, 5/1/33 (1) |
185 |
181 |
|
FedEx, 5.10%, 1/15/44 |
135 |
120 |
|
FedEx 2025 Notes, 4.75%, 11/15/45 |
70 |
60 |
|
Norfolk Southern, 5.95%, 3/15/64 |
720 |
693 |
|
Southwest Airlines, 3.00%, 11/15/26 |
240 |
239 |
|
Southwest Airlines, 5.125%, 6/15/27 |
580 |
582 |
|
Sydney Airport Finance, 5.248%, 3/26/36 (1) |
1,660 |
1,609 |
|
Transurban Finance, 2.45%, 3/16/31 (1) |
30 |
27 |
|
United Airlines Pass-Through Trust, Series 2019-1, Class AA, 4.15%, 2/25/33 |
37 |
36 |
|
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.875%, 4/15/29 |
166 |
168 |
|
|
|
12,397 |
|
Total Industrial |
|
386,602 |
|
UTILITY 2.4% |
|
|
|
Electric 2.2% |
|
|
|
AEP Texas, 4.70%, 5/15/32 |
30 |
29 |
|
AES, 5.20%, 7/15/29 |
180 |
180 |
|
AES, 5.75%, 7/15/33 |
230 |
228 |
|
AES, 5.80%, 3/15/32 |
900 |
904 |
|
Ameren, 3.50%, 1/15/31 |
360 |
338 |
|
Ameren, 5.00%, 1/15/29 |
800 |
804 |
|
Ameren, 5.00%, 5/15/36 |
1,010 |
968 |
|
Ameren, 5.70%, 12/1/26 |
615 |
617 |
|
American Electric Power, VR, 6.95%, 12/15/54 (2) |
170 |
179 |
|
American Electric Power, VR, 7.05%, 12/15/54 (2) |
60 |
62 |
|
Appalachian Power, Series AA, 2.70%, 4/1/31 |
300 |
271 |
|
Appalachian Power, 4.40%, 5/15/44 |
800 |
644 |
|
Appalachian Power, 4.50%, 8/1/32 |
1,090 |
1,055 |
|
Appalachian Power, 7.00%, 4/1/38 |
760 |
833 |
|
Berkshire Hathaway Energy, 6.125%, 4/1/36 |
65 |
68 |
|
Chpe, 5.10%, 6/30/33 (1) |
795 |
780 |
|
Chpe, 5.35%, 6/30/36 (1) |
300 |
292 |
|
CMS Energy, VR, 3.75%, 12/1/50 (2) |
130 |
120 |
|
Commonwealth Edison, 3.70%, 8/15/28 |
1,640 |
1,612 |
|
Commonwealth Edison, 4.00%, 3/1/48 |
60 |
45 |
|
Constellation Energy Generation, 4.40%, 1/15/31 |
1,275 |
1,242 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Constellation Energy Generation, 4.80%, 1/15/32 |
1,975 |
1,936 |
|
Constellation Energy Generation, 5.80%, 3/1/33 |
320 |
329 |
|
Constellation Energy Generation, 6.25%, 10/1/39 |
120 |
123 |
|
Constellation Energy Generation, 6.50%, 10/1/53 |
50 |
51 |
|
Dominion Energy, 5.35%, 6/15/36 |
1,460 |
1,420 |
|
DTE Energy, 2.85%, 10/1/26 |
800 |
798 |
|
DTE Energy, 5.10%, 3/1/29 |
450 |
453 |
|
Duke Energy, 6.10%, 9/15/53 |
300 |
290 |
|
Duke Energy Florida, 4.85%, 12/1/35 |
1,680 |
1,610 |
|
Duke Energy Florida, 5.95%, 11/15/52 |
2,050 |
1,995 |
|
Duke Energy Indiana, 5.40%, 4/1/53 |
40 |
36 |
|
ENEL Finance International, 4.875%, 7/13/31 (1) |
2,945 |
2,899 |
|
Entergy Arkansas, 5.45%, 6/1/34 |
240 |
242 |
|
Eversource Energy, 2.90%, 3/1/27 |
120 |
119 |
|
Eversource Energy, Series O, 4.25%, 4/1/29 |
1,200 |
1,185 |
|
Eversource Energy, 5.85%, 4/15/31 |
300 |
309 |
|
Eversource Energy, 5.95%, 7/15/34 |
160 |
164 |
|
FirstEnergy Pennsylvania Electric, 4.55%, 3/15/31 (1) |
300 |
294 |
|
FirstEnergy Transmission, 5.00%, 1/15/35 |
375 |
362 |
|
Georgia Power, 4.95%, 5/17/33 |
100 |
99 |
|
Metropolitan Edison, 4.30%, 1/15/29 (1) |
75 |
74 |
|
Mid-Atlantic Interstate Transmission, 4.10%, 5/15/28 (1) |
15 |
15 |
|
National Grid, 5.602%, 6/12/28 |
320 |
325 |
|
Nevada Power, 3.70%, 5/1/29 |
1,840 |
1,792 |
|
Nevada Power, Series N, 6.65%, 4/1/36 |
600 |
645 |
|
New York State Electric & Gas, 5.30%, 8/15/34 (1) |
75 |
74 |
|
NextEra Energy Capital Holdings, 4.40%, 3/1/31 |
3,575 |
3,497 |
|
NextEra Energy Capital Holdings, 4.685%, 9/1/27 |
420 |
421 |
|
NextEra Energy Capital Holdings, VR, 5.65%, 5/1/79 (2) |
240 |
238 |
|
Niagara Mohawk Power, 4.647%, 10/3/30 (1) |
865 |
851 |
|
Niagara Mohawk Power, 5.112%, 1/12/36 (1) |
2,330 |
2,234 |
|
NRG Energy, 5.75%, 7/15/29 (1) |
300 |
300 |
|
Ohio Edison, 6.875%, 7/15/36 |
2,727 |
2,996 |
|
Pacific Gas & Electric, 4.95%, 7/1/50 |
300 |
242 |
|
Pacific Gas & Electric, 5.00%, 6/4/28 |
300 |
301 |
|
PacifiCorp, 2.90%, 6/15/52 |
90 |
51 |
|
PacifiCorp, 5.10%, 2/15/29 |
220 |
221 |
|
PacifiCorp, 5.10%, 4/15/31 |
300 |
300 |
|
PacifiCorp, 5.30%, 2/15/31 |
300 |
302 |
|
PacifiCorp, 5.75%, 4/1/37 |
240 |
237 |
|
PacifiCorp, 5.80%, 1/15/55 |
150 |
136 |
|
PPL Capital Funding, 5.25%, 9/1/34 |
300 |
296 |
|
Public Service Enterprise Group, 4.80%, 6/15/31 |
2,800 |
2,766 |
|
Southern, VR, 3.75%, 9/15/51 (2) |
240 |
240 |
|
Southern, 4.40%, 7/1/46 |
300 |
240 |
|
Southern California Edison, 5.15%, 6/1/29 |
150 |
151 |
|
Southern California Edison, 5.95%, 11/1/32 |
1,200 |
1,237 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Southern Power, Series B, 4.90%, 10/1/35 |
850 |
807 |
|
Southwestern Public Service, 6.00%, 6/1/54 |
300 |
290 |
|
Union Electric, 5.20%, 4/1/34 |
220 |
219 |
|
Vistra Operations, 5.25%, 4/30/33 (1) |
2,440 |
2,382 |
|
Vistra Operations, 5.70%, 12/30/34 (1) |
300 |
296 |
|
Xcel Energy, 4.00%, 6/15/28 |
90 |
89 |
|
Xcel Energy, 4.60%, 6/1/32 |
1,410 |
1,368 |
|
Xcel Energy, 5.45%, 8/15/33 |
120 |
120 |
|
|
|
51,738 |
|
Natural Gas 0.2% |
|
|
|
Engie, 5.625%, 4/10/34 (1) |
600 |
610 |
|
NiSource, 1.70%, 2/15/31 |
160 |
138 |
|
NiSource, 3.49%, 5/15/27 |
55 |
55 |
|
NiSource, 3.95%, 3/30/48 |
45 |
33 |
|
NiSource, 5.65%, 2/1/45 |
15 |
14 |
|
NiSource, VR, 6.375%, 3/31/55 (2) |
220 |
223 |
|
NiSource, VR, 6.95%, 11/30/54 (2) |
60 |
62 |
|
Sempra, 5.25%, 3/15/36 |
350 |
338 |
|
Southern California Gas, 2.95%, 4/15/27 |
220 |
218 |
|
Southern California Gas, 5.20%, 6/1/33 |
200 |
200 |
|
Southern California Gas, 5.75%, 6/1/53 |
210 |
197 |
|
Southern Co Gas Capital, 1.75%, 1/15/31 |
120 |
105 |
|
Southern Co Gas Capital, 4.95%, 9/15/34 |
1,330 |
1,291 |
|
Southern Co Gas Capital, 5.15%, 9/15/32 |
100 |
100 |
|
|
|
3,584 |
|
Total Utility |
|
55,322 |
|
Total Corporate Bonds
(Cost $711,832) |
|
700,321 |
|
FOREIGN GOVERNMENT OBLIGATIONS & MUNICIPALITIES 1.3% | ||
|
Local Authorities 0.5% |
|
|
|
Kentucky Power Cost Recovery, 5.296%, 9/1/45 |
2,370 |
2,326 |
|
Province of Alberta, 4.50%, 1/24/34 |
205 |
201 |
|
Province of British Columbia Canada, 4.20%, 7/6/33 |
98 |
95 |
|
Province of British Columbia Canada, 4.80%, 6/11/35 |
2,619 |
2,593 |
|
Province of Manitoba Canada, 4.30%, 7/27/33 |
250 |
243 |
|
Province of Ontario Canada, 3.70%, 9/17/29 |
2,600 |
2,544 |
|
Province of Quebec, 4.625%, 6/3/36 |
2,605 |
2,532 |
|
|
|
10,534 |
|
Owned No Guarantee 0.0% |
|
|
|
Corp Nacional del Cobre de Chile, 3.75%, 1/15/31 (1) |
1,200 |
1,121 |
|
|
|
1,121 |
|
Sovereign 0.8% |
|
|
|
Chile Government International Bonds, 5.65%, 1/13/37 |
2,500 |
2,533 |
|
Eagle Funding Luxco, 5.50%, 8/17/30 (1) |
2,060 |
2,057 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
Peruvian Government International Bond, 5.375%, 2/8/35 |
1,000 |
989 |
|
Republic of Poland Government International Bonds, 5.75%, 11/16/32 |
2,200 |
2,270 |
|
Republic of Poland Government International Bonds, 5.50%, 3/18/54 |
2,000 |
1,789 |
|
Republic of Poland Government International Bonds, 5.375%, 4/14/36 |
1,800 |
1,775 |
|
Romanian Government International Bonds, 6.625%, 5/16/36 (1) |
4,500 |
4,527 |
|
United Mexican States, 4.75%, 3/8/44 |
300 |
232 |
|
United Mexican States, 2.659%, 5/24/31 |
2,800 |
2,466 |
|
United Mexican States, 3.50%, 2/12/34 |
700 |
588 |
|
United Mexican States, 6.125%, 2/9/38 |
610 |
585 |
|
|
|
19,811 |
|
Total Foreign Government Obligations & Municipalities
(Cost $31,887) |
|
31,466 |
|
MUNICIPAL SECURITIES 0.8% | ||
|
California 0.2% |
|
|
|
Bay Area Toll Auth., Series S-10, 3.176%, 4/1/41 |
50 |
39 |
|
California, GO, 7.50%, 4/1/34 |
1,500 |
1,679 |
|
California, GO, 7.60%, 11/1/40 |
1,200 |
1,394 |
|
California State Univ., 6.484%, 11/1/41 |
250 |
258 |
|
Regents of the University of California Medical Center Pooled Revenue, Series H, 6.548%,
5/15/48 |
600 |
614 |
|
Regents of the University of California Medical Center Pooled Revenue, Series F, 6.583%,
5/15/49 |
500 |
512 |
|
|
|
4,496 |
|
District Of Columbia 0.0% |
|
|
|
Metropolitan Washington Airports Auth. Dulles Toll Road Revenue, 7.462%, 10/1/46 |
225 |
255 |
|
|
|
255 |
|
Georgia 0.1% |
|
|
|
County of Fulton, GO, 5.148%, 7/1/39 |
205 |
201 |
|
Municipal Electric Auth. of Georgia, Series A, 6.637%, 4/1/57 |
1,746 |
1,811 |
|
|
|
2,012 |
|
Illinois 0.2% |
|
|
|
Chicago O'Hare Int'l Airport, Third Lien, 6.395%, 1/1/40 |
250 |
264 |
|
Chicago Wastewater Transmission Revenue, Series B, 6.90%, 1/1/40 (5) |
2,000 |
2,136 |
|
Cook County, GO, 6.36%, 11/15/33 |
25 |
26 |
|
Illinois Municipal Electric Agency, 6.832%, 2/1/35 |
875 |
909 |
|
|
|
3,335 |
|
Louisiana 0.0% |
|
|
|
Louisiana Local Government Environmental Facilities & CDA, Series A, 4.475%, 8/1/39 |
60 |
57 |
|
|
|
57 |
|
Maryland 0.0% |
|
|
|
Maryland HHEFA, Series B, 4.815%, 7/1/43 |
40 |
36 |
|
|
|
36 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
New York 0.0% |
|
|
|
New York City Transitional Fin. Auth., Future Tax Secured Revenue, Series I-2, 5.658%,
5/1/40 |
480 |
485 |
|
New York State Urban Dev. Sales Tax Revenue, Series B, 2.59%, 3/15/35 |
70 |
58 |
|
|
|
543 |
|
Ohio 0.1% |
|
|
|
American Municipal Power, Series B, 7.834%, 2/15/41 |
1,200 |
1,383 |
|
American Municipal Power, Series C, 6.053%, 2/15/43 |
1,500 |
1,485 |
|
|
|
2,868 |
|
Tennessee 0.0% |
|
|
|
Metropolitan Government Nashville & Davidson County HEFA, Series B, 3.235%, 7/1/52 |
75 |
46 |
|
|
|
46 |
|
Texas 0.2% |
|
|
|
Dallas Area Rapid Transit, 4.922%, 12/1/41 |
1,955 |
1,877 |
|
Dallas Fort Worth Int'l Airport, Series C, 2.843%, 11/1/46 |
65 |
45 |
|
Dallas Fort Worth Int'l Airport, Series A, 4.507%, 11/1/51 |
750 |
618 |
|
Dallas Fort Worth Int'l Airport, Series A, 5.045%, 11/1/47 |
250 |
227 |
|
Grand Parkway Transportation, Series B, 3.236%, 10/1/52 |
2,500 |
1,629 |
|
Texas Natural Gas Securitization Fin., Consumer Rate Relief Bonds, 5.169%, 4/1/41 |
30 |
30 |
|
Texas Private Activity Bond Surface Transportation, Series B, 3.922%, 12/31/49 |
30 |
23 |
|
|
|
4,449 |
|
Virginia 0.0% |
|
|
|
Univ. of Virginia, Series B, 2.584%, 11/1/51 |
75 |
44 |
|
|
|
44 |
|
Wisconsin 0.0% |
|
|
|
PFA, Series B, 3.405%, 7/1/51 |
70 |
46 |
|
|
|
46 |
|
Total Municipal Securities
(Cost $19,054) |
|
18,187 |
|
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES 4.5% | ||
|
Collateralized Mortgage Obligations 2.2% |
|
|
|
Angel Oak Mortgage Trust, Series 2019-5, Class A1, CMO, ARM, 2.593%, 10/25/49 (1) |
3 |
3 |
|
Angel Oak Mortgage Trust, Series 2021-6, Class A3, CMO, ARM, 1.714%, 9/25/66 (1) |
51 |
43 |
|
Angel Oak Mortgage Trust, Series 2022-6, Class A1, CMO, ARM, 4.30%, 7/25/67 (1) |
235 |
234 |
|
Angel Oak Mortgage Trust, Series 2025-3, Class A1, CMO, ARM, 5.42%, 3/25/70 (1) |
468 |
468 |
|
Barclays Mortgage Loan Trust, Series 2021-NQM1, Class A3, CMO, ARM, 2.189%,
9/25/51 (1) |
36 |
33 |
|
Barclays Mortgage Loan Trust, Series 2026-NQM6, Class A1, CMO, ARM, 5.76%, 7/25/66
(1) |
1,475 |
1,475 |
|
Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A20, CMO, ARM,
2.50%, 11/25/51 (1) |
92 |
73 |
|
BRAVO Residential Funding Trust, Series 2021-NQM3, Class A1, CMO, ARM, 1.699%,
4/25/60 (1) |
24 |
22 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
BRAVO Residential Funding Trust, Series 2026-NQMR1, Class A1, CMO, ARM, 5.395%,
8/25/62 (1) |
463 |
460 |
|
COLT Mortgage Loan Trust, Series 2022-3, Class A1, CMO, ARM, 4.901%, 2/25/67 (1) |
62 |
60 |
|
COLT Mortgage Loan Trust, Series 2025-4, Class A1, CMO, ARM, 5.794%, 4/25/70 (1) |
163 |
164 |
|
COLT Mortgage Loan Trust, Series 2025-8, Class A1, CMO, ARM, 5.48%, 8/25/70 (1) |
1,253 |
1,254 |
|
COLT Mortgage Loan Trust, Series 2025-INV2, Class A1, CMO, ARM, 5.601%, 2/25/70 (1) |
174 |
174 |
|
Connecticut Avenue Securities Trust, Series 2026-R02, Class 1M1, FRN, CMO, ARM,
SOFR30A + 1.05%, 4.666%, 2/25/46 (1) |
469 |
469 |
|
Deephaven Residential Mortgage Trust, Series 2026-INV1, Class A1, CMO, ARM,
4.797%, 12/25/70 (1) |
1,420 |
1,399 |
|
Ellington Financial Mortgage Trust, Series 2020-2, Class A1, CMO, ARM, 1.178%,
10/25/65 (1) |
12 |
12 |
|
Ellington Financial Mortgage Trust, Series 2021-3, Class M1, CMO, ARM, 2.53%, 9/25/66
(1) |
100 |
68 |
|
Ellington Financial Mortgage Trust, Series 2025-INV1, Class A1, CMO, ARM, 5.626%,
3/25/70 (1) |
124 |
124 |
|
Ellington Financial Mortgage Trust, Series 2025-INV5, Class A1, CMO, ARM, 5.077%,
12/25/70 (1) |
357 |
354 |
|
Ellington Financial Mortgage Trust, Series 2025-NQM5, Class A1, CMO, ARM, 5.033%,
11/25/70 (1) |
254 |
252 |
|
Ellington Financial Mortgage Trust, Series 2026-NQM1, Class A1F, FRN, CMO, ARM,
SOFR30A + 1.20%, 4.816%, 2/25/71 (1) |
831 |
829 |
|
Ellington Financial Mortgage Trust, Series 2026-NQM6, Class A1, CMO, ARM, 5.466%,
6/25/71 (1) |
1,419 |
1,411 |
|
Freddie Mac STACR REMIC Trust, Series 2024-HQA2, Class A1, FRN, CMO, ARM,
SOFR30A + 1.25%, 4.866%, 8/25/44 (1) |
783 |
785 |
|
Freddie Mac STACR REMIC Trust, Series 2025-DNA3, Class M1, FRN, CMO, ARM,
SOFR30A + 1.10%, 4.716%, 9/25/45 (1) |
828 |
827 |
|
Freddie Mac STACR REMIC Trust, Series 2025-HQA1, Class A1, FRN, CMO, ARM,
SOFR30A + 0.95%, 4.566%, 2/25/45 (1) |
88 |
88 |
|
Freddie Mac STACR REMIC Trust, Series 2026-HQA1, Class A1, CMO, ARM, SOFR30A
+ 1.00%, 4.616%, 5/25/46 (1) |
83 |
83 |
|
GCAT Trust, Series 2021-NQM5, Class A1, CMO, ARM, 1.262%, 7/25/66 (1) |
50 |
41 |
|
GCAT Trust, Series 2025-NQM1, Class A1, CMO, ARM, 5.373%, 11/25/69 (1) |
457 |
454 |
|
GCAT Trust, Series 2025-NQM4, Class A1, CMO, ARM, 5.529%, 6/25/70 (1) |
1,657 |
1,653 |
|
GS Mortgage-Backed Securities Trust, Series 2025-NQM3, Class A1, CMO, ARM,
5.137%, 11/25/65 (1) |
925 |
920 |
|
HOMES Trust, Series 2025-NQM4, Class A1, CMO, ARM, 5.22%, 8/25/70 (1) |
1,735 |
1,723 |
|
JP Morgan Mortgage Trust, Series 2019-HYB1, Class B4, CMO, ARM, 5.148%, 10/25/49
(1) |
812 |
807 |
|
JP Morgan Mortgage Trust, Series 2023-DSC2, Class A1, CMO, ARM, 5.25%, 11/25/63 (1) |
167 |
163 |
|
JP Morgan Mortgage Trust, Series 2025-DSC2, Class A1, CMO, ARM, 5.195%, 10/25/65
(1) |
1,054 |
1,043 |
|
JP Morgan Mortgage Trust, Series 2025-NQM3, Class A1, CMO, ARM, 5.495%, 11/25/65
(1) |
2,670 |
2,665 |
|
Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC2, Class A1, CMO,
ARM, 5.443%, 7/25/70 (1) |
251 |
251 |
|
Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM5, Class A1, CMO,
ARM, 5.439%, 7/25/70 (1) |
207 |
205 |
|
New Residential Mortgage Loan Trust, Series 2022-INV1, Class A4, CMO, ARM, 3.00%,
3/25/52 (1) |
75 |
63 |
|
New Residential Mortgage Loan Trust, Series 2025-NQM3, Class A1, CMO, ARM, 5.53%,
5/25/65 (1) |
696 |
694 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
New Residential Mortgage Loan Trust, Series 2025-NQM4, Class A1, CMO, ARM, 5.35%,
7/25/65 (1) |
2,022 |
2,011 |
|
New Residential Mortgage Loan Trust, Series 2025-NQM6, Class A1, CMO, ARM,
5.085%, 10/25/65 (1) |
571 |
565 |
|
New Residential Mortgage Loan Trust, Series 2026-NQM8, Class A1, CMO, ARM,
5.564%, 8/25/66 (1) |
2,500 |
2,494 |
|
NYMT Loan Trust, Series 2025-INV1, Class A1, CMO, ARM, 5.402%, 4/25/60 (1) |
393 |
392 |
|
OBX Trust, Series 2025-NQM15, Class A1, CMO, ARM, 5.143%, 7/27/65 (1) |
856 |
850 |
|
OBX Trust, Series 2025-NQM15, Class A1F, FRN, CMO, ARM, SOFR30A + 1.15%,
4.766%, 7/27/65 (1) |
453 |
453 |
|
OBX Trust, Series 2025-NQM6, Class A1, CMO, ARM, 5.603%, 3/25/65 (1) |
1,729 |
1,729 |
|
OBX Trust, Series 2026-R1, Class A1, CMO, ARM, 4.884%, 1/25/63 (1) |
2,501 |
2,466 |
|
PENN Commercial Mortgage Trust, Series 2025-P11, Class A, ARM, 5.522%, 8/10/42 (1) |
2,090 |
2,095 |
|
Santander Mortgage Asset Receivable Trust, Series 2025-NQM6, Class A1, CMO, ARM,
5.138%, 11/25/65 (1) |
154 |
153 |
|
Sequoia Mortgage Trust, Series 2024-HYB1, Class A1A, CMO, ARM, 4.508%, 11/25/63
(1) |
785 |
782 |
|
SG Residential Mortgage Trust, Series 2026-3, Class A1, CMO, ARM, 5.188%, 4/25/66 (1) |
1,290 |
1,279 |
|
Towd Point Mortgage Trust, Series 2024-2, Class A1B, CMO, ARM, 4.922%, 12/25/64 (1) |
3,569 |
3,556 |
|
Towd Point Mortgage Trust, Series 2026-1, Class A1A, CMO, ARM, 4.131%, 1/25/66 (1) |
1,554 |
1,528 |
|
Verus Securitization Trust, Series 2025-2, Class A1, CMO, ARM, 5.307%, 3/25/70 (1) |
441 |
440 |
|
Verus Securitization Trust, Series 2025-3, Class A1, CMO, ARM, 5.623%, 5/25/70 (1) |
313 |
314 |
|
Verus Securitization Trust, Series 2025-7, Class A1F, FRN, CMO, ARM, SOFR30A +
1.20%, 4.816%, 8/25/70 (1) |
1,334 |
1,334 |
|
Verus Securitization Trust, Series 2026-6, Class A1, CMO, ARM, 5.513%, 7/27/71 (1) |
5,760 |
5,752 |
|
|
|
50,039 |
|
Commercial Mortgage-Backed Securities 2.3% |
|
|
|
Bank, Series 2019-BN17, Class A4, ARM, 3.714%, 4/15/52 |
385 |
373 |
|
Bank, Series 2026-BNK52, Class A5, ARM, 5.586%, 5/15/69 |
1,285 |
1,306 |
|
Bank5, Series 2024-5YR10, Class A3, ARM, 5.302%, 10/15/57 |
500 |
503 |
|
Bank5, Series 2024-5YR8, Class A3, ARM, 5.884%, 8/15/57 |
10 |
10 |
|
Bank5, Series 2024-5YR8, Class AS, ARM, 6.378%, 8/15/57 |
2,010 |
2,056 |
|
Bank5, Series 2025-5YR14, Class A3, ARM, 5.646%, 4/15/58 |
2,495 |
2,538 |
|
Bank5, Series 2026-5YR20, Class A3, ARM, 5.104%, 2/15/59 |
140 |
140 |
|
Bank5, Series 2026-5YR21, Class A3, ARM, 5.525%, 4/15/59 |
1,230 |
1,248 |
|
BBCMS Mortgage Trust, Series 2024-5C27, Class A3, ARM, 6.014%, 7/15/57 |
25 |
26 |
|
Benchmark Mortgage Trust, Series 2019-B12, Class A5, ARM, 3.116%, 8/15/52 |
555 |
526 |
|
Benchmark Mortgage Trust, Series 2019-B13, Class A4, ARM, 2.952%, 8/15/57 |
2,735 |
2,568 |
|
Benchmark Mortgage Trust, Series 2022-B36, Class A5, ARM, 4.47%, 7/15/55 |
2,255 |
2,159 |
|
Benchmark Mortgage Trust, Series 2023-B39, Class A5, ARM, 5.754%, 7/15/56 |
810 |
830 |
|
Benchmark Mortgage Trust, Series 2024-V5, Class AM, ARM, 6.417%, 1/10/57 |
695 |
711 |
|
Benchmark Mortgage Trust, Series 2024-V8, Class AM, ARM, 6.628%, 7/15/57 |
55 |
57 |
|
Benchmark Mortgage Trust, Series 2024-V8, Class A3, ARM, 6.189%, 7/15/57 |
386 |
397 |
|
Benchmark Mortgage Trust, Series 2025-B41, Class A5, ARM, 5.407%, 7/15/68 |
540 |
541 |
|
Benchmark Mortgage Trust, Series 2025-V16, Class A3, ARM, 5.439%, 8/15/58 |
400 |
404 |
|
Benchmark Mortgage Trust, Series 2026-B42, Class A5, ARM, 5.10%, 3/15/59 |
2,748 |
2,691 |
|
BMO Mortgage Trust, Series 2024-5C5, Class AS, ARM, 6.364%, 2/15/57 |
490 |
501 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
BX Commercial Mortgage Trust, Series 2024-SLCT, Class A, ARM, FRN, 1M TSFR +
1.32%, 5.00%, 1/15/42 (1) |
190 |
190 |
|
BX Commercial Mortgage Trust, Series 2026-CSMO, Class A, ARM, FRN, 1M TSFR +
1.40%, 5.076%, 2/15/43 (1) |
3,650 |
3,660 |
|
BX Trust, Series 2023-LIFE, Class B, ARM, 5.391%, 2/15/28 (1) |
100 |
97 |
|
BX Trust, Series 2025-ROIC, Class A, ARM, FRN, 1M TSFR + 1.14%, 4.82%, 3/15/30 (1) |
709 |
707 |
|
BX Trust, Series 2026-CLS, Class B, ARM, FRN, 1M TSFR + 1.70%, 5.376%, 5/15/43 (1) |
425 |
426 |
|
CENT Trust, Series 2025-CITY, Class A, ARM, 4.92%, 7/10/40 (1) |
2,810 |
2,784 |
|
CONE Commercial Mortgage Trust, Series 2026-DFW3, Class A, ARM, 5.565%, 5/15/43
(1) |
3,700 |
3,658 |
|
DBC Mortgage Trust, Series 2025-DBC, Class A, ARM, FRN, 1M TSFR + 1.35%, 5.027%,
11/15/42 (1) |
2,505 |
2,508 |
|
Extended Stay America Trust, Series 2025-ESH, Class A, ARM, FRN, 1M TSFR + 1.30%,
4.976%, 10/15/42 (1) |
457 |
458 |
|
Five Mortgage Trust, Series 2023-V1, Class A3, ARM, 5.668%, 2/10/56 |
50 |
50 |
|
Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, ARM, 5.467%, 1/13/40 (1) |
745 |
753 |
|
Hudson Yards Mortgage Trust, Series 2025-SPRL, Class B, ARM, 5.758%, 1/13/40 (1) |
1,340 |
1,353 |
|
Hudson Yards Mortgage Trust, Series 2026-10HY, Class A, ARM, 5.086%, 12/10/39 (1) |
235 |
233 |
|
MAD Commercial Mortgage Trust, Series 2025-11MD, Class A, ARM, 4.754%, 10/15/42
(1) |
1,480 |
1,455 |
|
Manhattan West Mortgage Trust, Series 2026-2MW, Class A, ARM, 5.321%, 6/10/48 (1) |
415 |
410 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-C35, Class A5, ARM,
5.633%, 8/15/58 |
1,215 |
1,238 |
|
MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, ARM, 6.014%, 12/15/56 |
1,080 |
1,125 |
|
NYC Commercial Mortgage Trust, Series 2026-9W57, Class A, ARM, 5.053%, 6/6/40 (1) |
10,105 |
9,959 |
|
SCG Mortgage Trust, Series 2026-PALM, Class A, ARM, FRN, 1M TSFR + 1.27%, 4.90%,
7/15/43 (1) |
370 |
370 |
|
SCG Mortgage Trust, Series 2026-PALM, Class B, ARM, FRN, 1M TSFR + 1.50%, 5.13%,
7/15/43 (1) |
115 |
115 |
|
TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A1, ARM, FRN, 1M TSFR +
1.29%, 4.97%, 4/15/42 (1) |
2,325 |
2,322 |
|
TX Trust, Series 2024-HOU, Class A, ARM, FRN, 1M TSFR + 1.59%, 5.268%, 6/15/39 (1) |
100 |
100 |
|
WB Commercial Mortgage Trust, Series 2024-HQ, Class A, ARM, 5.937%, 3/15/40 (1) |
200 |
200 |
|
Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, ARM, 3.146%,
12/15/52 |
600 |
565 |
|
|
|
54,321 |
|
Total Non-U.S. Government Mortgage-Backed Securities
(Cost $105,250) |
|
104,360 |
|
U.S. GOVERNMENT & AGENCY MORTGAGE-BACKED SECURITIES 25.4% | ||
|
U.S. Government Agency Obligations 20.8% |
|
|
|
Federal Home Loan Mortgage |
|
|
|
1.50%, 2/1/36 - 4/1/41 |
383 |
333 |
|
2.00%, 8/1/36 - 4/1/52 |
23,789 |
19,041 |
|
ARM, 2.347%, 11/25/31 |
390 |
347 |
|
2.50%, 3/1/42 - 1/1/54 |
37,253 |
30,711 |
|
3.00%, 9/1/32 - 7/1/52 |
22,377 |
19,346 |
|
3.50%, 10/1/47 - 7/1/52 |
6,469 |
5,765 |
|
3.71%, 9/25/32 |
165 |
155 |
|
ARM, 3.97%, 4/25/31 |
4,215 |
4,082 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
4.00%, 11/1/37 - 11/1/52 |
8,526 |
7,897 |
|
ARM, 4.13%, 3/25/31 |
1,805 |
1,763 |
|
ARM, 4.163%, 10/25/30 |
1,430 |
1,402 |
|
ARM, 4.22%, 12/25/30 |
2,205 |
2,163 |
|
4.25%, 6/25/31 - 4/25/33 |
8,970 |
8,739 |
|
4.32%, 9/25/30 - 3/25/36 |
4,460 |
4,302 |
|
ARM, 4.34%, 9/25/30 |
1,325 |
1,308 |
|
ARM, 4.361%, 5/25/30 |
1,335 |
1,320 |
|
4.40%, 10/25/30 |
730 |
722 |
|
ARM, 4.421%, 5/25/30 |
3,115 |
3,088 |
|
4.43%, 2/25/33 |
125 |
122 |
|
4.50%, 11/1/52 - 10/1/53 |
1,416 |
1,340 |
|
ARM, 4.60%, 9/25/35 |
2,395 |
2,332 |
|
ARM, 4.85%, 1/25/30 |
4,435 |
4,456 |
|
5.00%, 11/25/28 - 11/1/55 |
10,533 |
10,324 |
|
ARM, 5.355%, 1/25/29 |
5,025 |
5,096 |
|
5.50%, 4/1/53 - 12/1/55 |
27,122 |
26,981 |
|
6.00%, 2/1/53 - 1/1/56 |
15,078 |
15,323 |
|
6.50%, 5/1/54 - 10/1/54 |
2,171 |
2,247 |
|
7.00%, 6/1/54 |
116 |
122 |
|
Federal National Mortgage Assn. |
|
|
|
1.50%, 10/1/36 - 1/1/42 |
5,240 |
4,627 |
|
2.00%, 9/1/36 - 3/1/52 |
73,830 |
59,520 |
|
2.50%, 7/1/30 - 1/1/61 |
21,523 |
17,769 |
|
3.00%, 1/1/35 - 8/1/52 |
12,268 |
10,810 |
|
3.50%, 1/1/33 - 8/1/53 |
20,280 |
18,149 |
|
4.00%, 11/1/39 - 6/1/53 |
7,748 |
7,140 |
|
4.50%, 4/1/41 - 1/1/55 |
16,117 |
15,248 |
|
5.00%, 11/1/44 - 3/1/56 |
21,300 |
20,676 |
|
5.50%, 5/1/44 - 10/1/55 |
14,695 |
14,609 |
|
6.00%, 12/1/52 - 11/1/55 |
18,451 |
18,753 |
|
6.50%, 5/1/54 - 8/1/55 |
5,493 |
5,672 |
|
FREMF Mortgage Trust, 4.00%, 3/25/31 |
1,280 |
1,242 |
|
UMBS, TBA (6) |
|
|
|
2.00%, 8/18/41 - 8/13/56 |
20,375 |
16,188 |
|
2.50%, 8/18/41 - 8/13/56 |
15,430 |
13,045 |
|
3.00%, 8/13/56 |
7,655 |
6,510 |
|
3.50%, 8/13/56 |
8,190 |
7,253 |
|
4.00%, 8/13/56 |
16,815 |
15,321 |
|
4.50%, 8/13/56 |
5,795 |
5,440 |
|
5.00%, 8/13/56 |
18,150 |
17,513 |
|
5.50%, 8/13/56 |
13,870 |
13,720 |
|
6.00%, 8/13/56 |
8,515 |
8,604 |
|
6.50%, 8/13/56 |
4,550 |
4,688 |
|
|
|
483,324 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
U.S. Government Obligations 4.6% |
|
|
|
Government National Mortgage Assn. |
|
|
|
1.50%, 5/20/37 |
31 |
28 |
|
2.00%, 1/20/51 - 3/20/52 |
14,311 |
11,469 |
|
2.50%, 8/20/50 - 4/20/52 |
21,384 |
17,869 |
|
3.00%, 6/20/45 - 4/20/52 |
9,606 |
8,354 |
|
3.50%, 6/20/46 - 7/20/52 |
8,107 |
7,307 |
|
4.00%, 10/20/40 - 11/20/52 |
3,667 |
3,375 |
|
4.50%, 10/20/47 - 6/20/53 |
10,673 |
10,123 |
|
5.00%, 8/20/47 - 12/20/54 |
5,990 |
5,845 |
|
5.50%, 8/20/54 - 9/20/54 |
6,940 |
6,934 |
|
6.00%, 9/20/52 - 12/20/52 |
2,257 |
2,307 |
|
Government National Mortgage Assn., TBA (6) |
|
|
|
4.00%, 8/20/56 |
3,810 |
3,447 |
|
4.50%, 8/20/56 |
10,770 |
10,096 |
|
5.00%, 8/20/56 |
8,610 |
8,332 |
|
5.50%, 8/20/56 |
9,720 |
9,654 |
|
6.00%, 8/20/56 |
1,215 |
1,234 |
|
|
|
106,374 |
|
Total U.S. Government & Agency Mortgage-Backed Securities
(Cost $602,085) |
|
589,698 |
|
U.S. GOVERNMENT AGENCY OBLIGATIONS (EXCLUDING MORTGAGE-BACKED) 30.6% | ||
|
U.S. Treasury Obligations 30.6% |
|
|
|
U.S. Treasury Bonds, 1.75%, 8/15/41 |
1,710 |
1,103 |
|
U.S. Treasury Bonds, 2.00%, 8/15/51 |
1,665 |
898 |
|
U.S. Treasury Bonds, 2.25%, 2/15/52 |
350 |
200 |
|
U.S. Treasury Bonds, 3.125%, 11/15/41 |
2,800 |
2,204 |
|
U.S. Treasury Bonds, 3.375%, 8/15/42 |
115 |
92 |
|
U.S. Treasury Bonds, 3.625%, 2/15/53 |
205 |
156 |
|
U.S. Treasury Bonds, 3.625%, 5/15/53 |
3,180 |
2,416 |
|
U.S. Treasury Bonds, 3.875%, 2/15/43 |
140 |
119 |
|
U.S. Treasury Bonds, 3.875%, 5/15/43 |
2,355 |
2,001 |
|
U.S. Treasury Bonds, 4.125%, 8/15/44 |
735 |
638 |
|
U.S. Treasury Bonds, 4.25%, 8/15/54 |
190 |
161 |
|
U.S. Treasury Bonds, 4.25%, 2/15/54 |
350 |
297 |
|
U.S. Treasury Bonds, 4.375%, 5/15/40 |
7,100 |
6,660 |
|
U.S. Treasury Bonds, 4.50%, 11/15/54 |
44,460 |
39,396 |
|
U.S. Treasury Bonds, 4.625%, 5/15/44 |
210 |
195 |
|
U.S. Treasury Bonds, 4.625%, 11/15/55 |
8,500 |
7,692 |
|
U.S. Treasury Bonds, 4.625%, 11/15/45 |
10,200 |
9,406 |
|
U.S. Treasury Bonds, 4.625%, 2/15/55 |
11,625 |
10,515 |
|
U.S. Treasury Bonds, 4.625%, 2/15/46 |
41,500 |
38,238 |
|
U.S. Treasury Bonds, 4.625%, 11/15/44 |
43,960 |
40,704 |
|
U.S. Treasury Bonds, 4.75%, 11/15/53 |
265 |
244 |
|
U.S. Treasury Bonds, 4.75%, 5/15/55 |
11,495 |
10,615 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
U.S. Treasury Bonds, 4.75%, 8/15/55 |
13,800 |
12,746 |
|
U.S. Treasury Bonds, 4.75%, 2/15/45 |
23,100 |
21,714 |
|
U.S. Treasury Bonds, 4.75%, 2/15/56 |
30,100 |
27,824 |
|
U.S. Treasury Bonds, 4.875%, 8/15/45 |
32,820 |
31,287 |
|
U.S. Treasury Bonds, 5.00%, 5/15/45 |
11,650 |
11,288 |
|
U.S. Treasury Notes, 1.25%, 8/15/31 |
590 |
506 |
|
U.S. Treasury Notes, 3.375%, 5/15/33 |
565 |
526 |
|
U.S. Treasury Notes, 3.50%, 2/15/33 |
200 |
188 |
|
U.S. Treasury Notes, 3.50%, 9/30/29 |
1,300 |
1,268 |
|
U.S. Treasury Notes, 3.50%, 10/15/28 (7) |
5,500 |
5,408 |
|
U.S. Treasury Notes, 3.50%, 11/30/30 |
30,300 |
29,223 |
|
U.S. Treasury Notes, 3.50%, 12/15/28 |
50,000 |
49,098 |
|
U.S. Treasury Notes, 3.625%, 8/31/29 |
570 |
558 |
|
U.S. Treasury Notes, 3.625%, 5/31/28 |
800 |
791 |
|
U.S. Treasury Notes, 3.625%, 8/15/28 |
2,500 |
2,468 |
|
U.S. Treasury Notes, 3.625%, 10/31/30 |
4,100 |
3,977 |
|
U.S. Treasury Notes, 3.625%, 9/30/30 |
13,990 |
13,581 |
|
U.S. Treasury Notes, 3.625%, 12/31/30 (7) |
16,800 |
16,276 |
|
U.S. Treasury Notes, 3.625%, 8/31/30 |
21,580 |
20,961 |
|
U.S. Treasury Notes, 3.75%, 12/31/28 |
195 |
193 |
|
U.S. Treasury Notes, 3.75%, 1/31/31 |
5,200 |
5,060 |
|
U.S. Treasury Notes, 3.875%, 8/15/34 |
230 |
218 |
|
U.S. Treasury Notes, 3.875%, 6/30/30 |
5,700 |
5,595 |
|
U.S. Treasury Notes, 3.875%, 4/30/30 |
8,000 |
7,862 |
|
U.S. Treasury Notes, 3.875%, 3/31/31 |
13,945 |
13,630 |
|
U.S. Treasury Notes, 3.875%, 4/30/31 |
24,400 |
23,838 |
|
U.S. Treasury Notes, 3.875%, 5/15/29 |
25,000 |
24,709 |
|
U.S. Treasury Notes, 3.875%, 3/15/28 |
38,400 |
38,178 |
|
U.S. Treasury Notes, 4.00%, 2/29/28 |
1,130 |
1,126 |
|
U.S. Treasury Notes, 4.00%, 11/15/35 |
4,700 |
4,456 |
|
U.S. Treasury Notes, 4.00%, 5/31/30 |
15,400 |
15,193 |
|
U.S. Treasury Notes, 4.00%, 3/31/30 |
18,000 |
17,774 |
|
U.S. Treasury Notes, 4.00%, 2/28/30 |
45,005 |
44,464 |
|
U.S. Treasury Notes, 4.125%, 11/30/29 |
1,950 |
1,936 |
|
U.S. Treasury Notes, 4.125%, 5/31/31 |
9,400 |
9,280 |
|
U.S. Treasury Notes, 4.125%, 2/15/36 |
13,100 |
12,523 |
|
U.S. Treasury Notes, 4.25%, 2/15/28 |
1,195 |
1,195 |
|
U.S. Treasury Notes, 4.25%, 2/28/29 |
1,345 |
1,343 |
|
U.S. Treasury Notes, 4.25%, 8/15/35 |
9,100 |
8,813 |
|
U.S. Treasury Notes, 4.25%, 11/15/34 |
12,570 |
12,232 |
|
U.S. Treasury Notes, 4.25%, 1/31/30 |
37,305 |
37,162 |
|
U.S. Treasury Notes, 4.375%, 12/31/29 |
250 |
250 |
|
|
|
710,668 |
|
Total U.S. Government Agency Obligations (Excluding Mortgage-Backed)
(Cost $736,497) |
|
710,668 |
|
|
Par/Shares |
$ Value |
|
(Amounts in 000s) |
|
|
|
SHORT-TERM INVESTMENTS 6.6% | ||
|
Money Market Funds 6.6% |
|
|
|
T. Rowe Price Government Reserve Fund, 3.72% (8)(9) |
153,198 |
153,198 |
|
|
|
153,198 |
|
Total Short-Term Investments
(Cost $153,198) |
|
153,198 |
|
SECURITIES LENDING COLLATERAL 0.3% | ||
|
Investments in a Pooled Account through Securities Lending Program with State
Street Bank and Trust Company 0.3% |
|
|
|
Money Market Funds 0.3% |
|
|
|
T. Rowe Price Treasury Reserve Fund, 3.70% (8)(9) |
6,375 |
6,375 |
|
Total Investments in a Pooled Account through Securities Lending Program with
State Street Bank and Trust Company |
|
6,375 |
|
Total Securities Lending Collateral
(Cost $6,375) |
|
6,375 |
|
Total Investments in Securities
105.8% of Net Assets (Cost $2,507,678) |
|
$2,455,536 |
|
Other Assets Less Liabilities (5.8%) |
|
(134,428
) |
|
Net Assets 100.0% |
|
$2,321,108 |
|
‡ |
Par/Shares and Notional Amount are denominated in U.S. dollars unless otherwise noted. |
|
(1) |
Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be resold in
transactions exempt from registration only to qualified institutional buyers. Total value of such securities at
period-end amounts to $317,997 and represents 13.7% of net assets. |
|
(2) |
Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a
floating rate. Reference rate and spread are provided if the rate is currently floating. |
|
(3) |
All or a portion of this security is on loan at July 31, 2026. |
|
(4) |
When-issued security. |
|
(5) |
Insured by Build America Mutual Assurance Company |
|
(6) |
To-Be-Announced purchase commitment. Total value of such securities at period-end amounts to $141,045
and represents 6.1% of net assets. |
|
(7) |
At July 31, 2026, all or a portion of this security is pledged as collateral and/or margin deposit to cover future
funding obligations. |
|
(8) |
Seven-day yield |
|
(9) |
Affiliated Companies |
|
1M TSFR |
One month term SOFR (Secured overnight financing rate) |
|
3M TSFR |
Three month term SOFR (Secured overnight financing rate) |
|
ARM |
Adjustable Rate Mortgage (ARM); rate shown is effective rate at period-end. The rates for certain ARMs are not
based on a published reference rate and spread but may be determined using a formula based on the rates of
the underlying loans. |
|
CDA |
Community Development Administration/Authority |
|
CLO |
Collateralized Loan Obligation |
|
CMO |
Collateralized Mortgage Obligation |
|
FRN |
Floating Rate Note |
|
GO |
General Obligation |
|
HEFA |
Health & Educational Facility Authority |
|
HHEFA |
Health & Higher Educational Facility Authority |
|
PFA |
Public Finance Authority/Agency |
|
SOFR30A |
30-day Average term SOFR (Secured Overnight Financing Rate) |
|
TBA |
To-Be-Announced |
|
UMBS |
Uniform Mortgage-Backed Securities |
|
VR |
Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not
based on a published reference rate and spread but are determined by the issuer or agent and based on
current market conditions. |
|
SWAPS 0.1% |
|
|
|
Description |
Notional
Amount |
$ Value |
Initial
$ Value |
Unrealized
$ Gain/(Loss) |
|
CENTRALLY CLEARED SWAPS 0.1% | ||||
|
Credit Default Swaps, Protection Sold 0.1% | ||||
|
Protection Sold (Relevant Credit: Markit
CDX.NA.IG.S45, 5 Year Index), Receive 1.00%
Quarterly, Pay upon credit default, 12/20/30 |
67,450 |
1,468 |
1,260 |
208 |
|
Protection Sold (Relevant Credit: Markit
CDX.NA.IG.S46, 5 Year Index), Receive 1.00%
Quarterly, Pay upon credit default, 6/20/31 |
67,700 |
1,476 |
1,131 |
345 |
|
Total Centrally Cleared Credit Default Swaps, Protection Sold |
553 | |||
|
Net payments (receipts) of variation margin to date |
$(553
) | |||
|
Variation margin receivable (payable) on centrally cleared swaps |
$— | |||
|
FUTURES CONTRACTS |
|
($000s) |
|
|
Expiration
Date |
Notional
Amount |
Value and
Unrealized
Gain (Loss) |
|
Long, 154 Ultra U.S. Treasury Bonds contracts |
09/26 |
17,369 |
$(477
) |
|
Long, 54 Ultra U.S. Treasury Notes ten year contracts |
09/26 |
5,996 |
(72
) |
|
Long, 350 U.S. Treasury Notes five year contracts |
09/26 |
37,424 |
(332
) |
|
Short, 23 U.S. Treasury Notes two year contracts |
09/26 |
(4,747
) |
18 |
|
Net payments (receipts) of variation margin to date |
— | ||
|
Variation margin receivable (payable) on open futures contracts |
$(863
) | ||
|
Affiliate |
Net Realized Gain
(Loss) |
Changes in Net
Unrealized
Gain/Loss |
Investment
Income |
|
T. Rowe Price Government Reserve Fund |
$— |
$— |
$1,937++ |
|
T. Rowe Price Treasury Reserve Fund |
— |
— |
—
++ |
|
Totals |
$—
# |
$— |
$1,937+ |
|
Supplementary Investment Schedule | ||||
|
Affiliate |
Value
10/31/25 |
Purchase
Cost |
Sales
Cost |
Value
7/31/26 |
|
T. Rowe Price Government Reserve Fund |
$58,096 |
¤ |
¤ |
$153,198 |
|
T. Rowe Price Treasury Reserve Fund |
— |
¤ |
¤ |
6,375 |
|
|
Total |
|
|
$159,573^ |
|
++ |
Excludes earnings on securities lending collateral, which are subject to rebates and fees. |
|
# |
Capital gain distributions from underlying Price funds represented $0 of the net realized gain (loss). |
|
+ |
Investment income comprised $1,937 of dividend income and $0 of interest income. |
|
¤ |
Purchase and sale information not shown for cash management funds. |
|
^ |
The cost basis of investments in affiliated companies was $159,573. |
|
($000s) |
Level 1 |
Level 2 |
Level 3 |
Total Value |
|
Assets |
|
|
|
|
|
Fixed Income Securities1
|
$— |
$2,295,963 |
$— |
$2,295,963 |
|
Short-Term Investments |
153,198 |
— |
— |
153,198 |
|
Securities Lending Collateral |
6,375 |
— |
— |
6,375 |
|
Total |
159,573 |
2,295,963 |
— |
2,455,536 |
|
Swaps* |
— |
553 |
— |
553 |
|
Futures Contracts* |
18 |
— |
— |
18 |
|
Total |
$159,591 |
$2,296,516 |
$— |
$2,456,107 |
|
Liabilities |
|
|
|
|
|
Futures Contracts* |
$881 |
$— |
$— |
$881 |
|
1 |
Includes Asset-Backed Securities, Corporate Bonds, Foreign Government Obligations & Municipalities, Municipal Securities,
Non-U.S. Government Mortgage-Backed Securities, U.S. Government & Agency Mortgage-Backed Securities and
U.S. Government Agency Obligations (Excluding Mortgage-Backed). |
|
* |
The fair value presented includes cumulative gain (loss) on open futures contracts and centrally cleared swaps; however, the
net value reflected on the accompanying Portfolio of Investments is only the unsettled variation margin receivable (payable)
at that date. |