|
|
Principal
Amount
|
Value
|
|
|
Asset-Backed Securities-97.60%
|
|||
|
522 Funding CLO Ltd. (Cayman Islands),
Series 2020-6A, Class A1R2, 4.95% (3
mo. Term SOFR + 1.20%),
10/23/2034(a)(b)
|
$
|
130,000
|
$130,183
|
|
ABPCI Direct Lending Fund CLO XVII LLC
(Cayman Islands), Series 2024-17A,
Class A1R, 5.25% (3 mo. Term SOFR +
1.48%), 08/01/2038(a)(b)
|
|
15,000,000
|
15,010,965
|
|
AGL CLO 14 Ltd. (Cayman Islands),
Series 2021-14A, Class AR, 4.86% (3
mo. Term SOFR + 1.13%),
12/02/2034(a)(b)
|
|
2,800,000
|
2,803,993
|
|
AGL CLO 15 Ltd. (Cayman Islands),
Series 2021-15A, Class A1R, 4.93% (3
mo. Term SOFR + 1.20%),
01/20/2039(a)(b)
|
|
2,000,000
|
2,000,798
|
|
AGL CLO 20 Ltd. (Jersey), Series 2022-
20A, Class BR, 5.48% (3 mo. Term
SOFR + 1.75%), 10/20/2037(a)(b)
|
|
250,000
|
250,332
|
|
AGL CLO 30 Ltd. (Jersey)
|
|
|
|
|
Series 2024-30RA, Class A1R, 4.93%
(3 mo. Term SOFR + 1.20%),
04/21/2037(a)(b)
|
|
10,000,000
|
9,999,950
|
|
Series 2024-30RA, Class BR, 5.28% (3
mo. Term SOFR + 1.55%),
04/21/2037(a)(b)
|
|
10,000,000
|
10,024,230
|
|
AGL CLO 6 Ltd. (Cayman Islands),
Series 2020-6A, Class A1R2, 5.01% (3
mo. Term SOFR + 1.28%),
04/20/2038(a)(b)
|
|
1,000,000
|
1,000,900
|
|
AGL Core CLO 31 Ltd. (Cayman Islands),
Series 2024-31A, Class A, 5.13% (3
mo. Term SOFR + 1.40%),
07/20/2037(a)(b)
|
|
2,200,000
|
2,201,654
|
|
AGL Core CLO 4 Ltd. (Cayman Islands),
Series 2020-4A, Class AR2, 5.11% (3
mo. Term SOFR + 1.38%),
10/20/2037(a)(b)
|
|
1,250,000
|
1,252,240
|
|
AIMCO CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2020-11A, Class A2R, 5.25% (3
mo. Term SOFR + 1.50%),
07/17/2037(a)(b)
|
|
4,250,000
|
4,258,071
|
|
Series 2025-23A, Class B, 5.13% (3
mo. Term SOFR + 1.40%),
04/20/2038(a)(b)
|
|
1,000,000
|
1,002,103
|
|
Antares CLO Ltd. (Cayman Islands),
Series 2018-3A, Class A2R, 5.53% (3
mo. Term SOFR + 1.80%),
07/20/2036(a)(b)
|
|
1,400,000
|
1,401,354
|
|
Apidos CLO XLVI Ltd. (Jersey),
Series 2023-46A, Class BR, 5.28% (3
mo. Term SOFR + 1.50%),
10/24/2038(a)(b)
|
|
1,175,000
|
1,177,087
|
|
Apidos CLO XXVIII (Cayman Islands),
Series 2017-28A, Class A1BR, 5.28%
(3 mo. Term SOFR + 1.55%),
10/20/2038(a)(b)
|
|
2,000,000
|
2,005,644
|
|
Apidos Loan Fund Ltd. (Cayman Islands),
Series 2024-1A, Class A1R, 5.06% (3
mo. Term SOFR + 1.25%),
10/25/2038(a)(b)
|
|
300,000
|
300,575
|
|
|
Principal
Amount
|
Value
|
|
|
Ares LVI CLO Ltd. (Cayman Islands),
Series 2020-56A, Class A1R2, 5.06%
(3 mo. Term SOFR + 1.25%),
01/25/2038(a)(b)
|
$
|
4,000,000
|
$4,003,304
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2020-1A, Class A1RR, 4.72% (3
mo. Term SOFR + 0.99%),
04/18/2033(a)(b)
|
|
2,216,289
|
2,216,761
|
|
Series 2020-3A, Class A1R3, 4.74% (3
mo. Term SOFR + 0.99%),
10/23/2034(a)(b)
|
|
2,000,000
|
2,000,426
|
|
Series 2021-7A, Class A1R, 4.71% (3
mo. Term SOFR + 0.98%),
01/22/2035(a)(b)
|
|
1,000,000
|
1,000,668
|
|
Series 2022-1A, Class A1R, 4.97% (3
mo. Term SOFR + 1.24%),
10/18/2038(a)(b)
|
|
2,600,000
|
2,601,256
|
|
Series 2023-3A, Class A1R, 5.09% (3
mo. Term SOFR + 1.31%),
10/24/2038(a)(b)
|
|
4,000,000
|
4,003,244
|
|
Series 2024-2A, Class A1R, 5.01% (3
mo. Term SOFR + 1.24%),
07/15/2039(a)(b)
|
|
6,500,000
|
6,505,258
|
|
Series 2025-4A, Class A1, 4.99% (3
mo. Term SOFR + 1.24%),
01/17/2039(a)(b)
|
|
5,000,000
|
5,001,865
|
|
Balboa Bay Loan Funding Ltd. (Cayman
Islands), Series 2024-1A, Class B1R,
5.23% (3 mo. Term SOFR + 1.50%),
07/20/2037(a)(b)
|
|
6,000,000
|
6,003,270
|
|
Ballyrock CLO 16 Ltd. (Cayman Islands),
Series 2021-16A, Class A1R, 4.88% (3
mo. Term SOFR + 1.15%),
04/20/2038(a)(b)
|
|
1,000,000
|
999,576
|
|
Barings CLO Ltd. (Cayman Islands),
Series 2019-1A, Class AR2, 5.00% (3
mo. Term SOFR + 1.25%),
10/15/2038(a)(b)
|
|
2,000,000
|
1,999,980
|
|
Barings Euro CLO DAC (Ireland),
Series 2024-1A, Class AR, 3.76% (3
mo. EURIBOR + 1.27%),
04/20/2039(a)(b)(c)
|
EUR
|
12,000,000
|
13,827,070
|
|
Benefit Street Partners CLO XXIX Ltd.
(Jersey), Series 2022-29A, Class AR,
4.99% (3 mo. Term SOFR + 1.18%),
01/25/2038(a)(b)
|
$
|
2,500,000
|
2,501,517
|
|
Benefit Street Partners CLO XXXVII Ltd.
(Cayman Islands), Series 2024-37A,
Class A, 5.16% (3 mo. Term SOFR +
1.35%), 01/25/2038(a)(b)
|
|
2,500,000
|
2,506,297
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 4.91% (3 mo. Term SOFR +
1.27%), 11/21/2033(a)(b)
|
|
8,953,026
|
8,960,189
|
|
Blackrock MT. Lassen CLO XV LLC,
Series 2025-1A, Class A1, 5.40% (3
mo. Term SOFR + 1.65%),
07/15/2037(a)(b)
|
|
7,500,000
|
7,508,790
|
|
Cairn CLO XIII DAC (Ireland),
Series 2021-13A, Class B, 4.09% (3
mo. EURIBOR + 1.60%),
10/20/2033(a)(b)(c)
|
EUR
|
4,500,000
|
5,190,764
|
|
|
Principal
Amount
|
Value
|
|
|
Cairn Clo XVI DAC (Ireland), Series 2023-
16A, Class AR, 3.69% (3 mo. EURIBOR
+ 1.26%), 01/15/2040(a)(b)(c)
|
EUR
|
8,100,000
|
$9,331,008
|
|
Carlyle US CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-3A, Class BR3, 5.18% (3
mo. Term SOFR + 1.45%),
04/20/2039(a)(b)
|
$
|
1,000,000
|
1,000,656
|
|
Series 2021-6A, Class A1R, 5.04% (3
mo. Term SOFR + 1.29%),
01/15/2038(a)(b)
|
|
2,000,000
|
2,003,254
|
|
Series 2022-1A, Class A1R, 4.73% (3
mo. Term SOFR + 0.98%),
04/15/2035(a)(b)
|
|
2,000,000
|
2,001,746
|
|
Series 2022-3A, Class A1R2, 4.89% (3
mo. Term SOFR + 1.16%),
04/20/2039(a)(b)
|
|
8,000,000
|
7,990,568
|
|
CARLYLE US CLO Ltd. (Cayman Islands),
Series 2019-4A, Class A1R2, 4.97% (3
mo. Term SOFR + 1.22%),
06/22/2039(a)(b)
|
|
10,000,000
|
10,007,350
|
|
CBAMR Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-9A, Class AR, 5.38% (3
mo. Term SOFR + 1.63%),
07/15/2037(a)(b)
|
|
1,000,000
|
1,001,875
|
|
Series 2021-14A, Class A1R, 5.01% (3
mo. Term SOFR + 1.28%),
10/20/2038(a)(b)
|
|
1,600,000
|
1,606,954
|
|
Cedar Funding II CLO Ltd. (Cayman
Islands), Series 2013-1A, Class AR3,
5.04% (3 mo. Term SOFR + 1.31%),
07/22/2038(a)(b)
|
|
2,500,000
|
2,501,790
|
|
Cedar Funding IX CLO Ltd. (Cayman
Islands), Series 2018-9A, Class AR,
5.15% (3 mo. Term SOFR + 1.42%),
07/20/2037(a)(b)
|
|
6,000,000
|
6,000,300
|
|
Cedar Funding XI CLO Ltd. (Cayman
Islands), Series 2019-11A, Class A1R2,
4.73% (3 mo. Term SOFR + 1.06%),
05/29/2032(a)(b)
|
|
514,832
|
515,584
|
|
Cedar Funding XIV CLO Ltd. (Cayman
Islands), Series 2021-14A, Class AR,
5.13% (3 mo. Term SOFR + 1.38%),
10/15/2037(a)(b)
|
|
5,000,000
|
5,009,775
|
|
Cerberus Loan Funding XL LLC,
Series 2023-1A, Class AR, 5.35% (3
mo. Term SOFR + 1.60%),
03/22/2035(a)(b)
|
|
5,000,000
|
5,003,705
|
|
Cerberus Loan Funding XLI LLC,
Series 2023-2A, Class A1, 6.30% (3
mo. Term SOFR + 2.55%),
07/15/2035(a)(b)
|
|
512,000
|
513,391
|
|
CIFC Funding Ltd. (Cayman Islands)
|
|
|
|
|
Series 2014-5A, Class A1R3, 5.13% (3
mo. Term SOFR + 1.38%),
07/17/2037(a)(b)
|
|
1,300,000
|
1,302,713
|
|
Series 2015-4A, Class BR3, 5.30% (3
mo. Term SOFR + 1.55%),
01/17/2039(a)(b)
|
|
1,350,000
|
1,353,059
|
|
Series 2017-1A, Class AR3, 4.93% (3
mo. Term SOFR + 1.20%),
04/21/2037(a)(b)
|
|
10,300,000
|
10,312,731
|
|
|
Principal
Amount
|
Value
|
|
|
Series 2017-5A, Class AR, 5.16% (3
mo. Term SOFR + 1.41%),
07/17/2037(a)(b)
|
$
|
1,300,000
|
$1,300,658
|
|
Series 2020-3A, Class A1R2, 4.94% (3
mo. Term SOFR + 1.21%),
10/20/2038(a)(b)
|
|
1,500,000
|
1,502,067
|
|
Series 2022-2A, Class A1R, 4.70% (3
mo. Term SOFR + 0.97%),
04/19/2035(a)(b)
|
|
11,500,000
|
11,497,884
|
|
Series 2023-2A, Class AR, 4.86% (3
mo. Term SOFR + 1.13%),
01/21/2037(a)(b)
|
|
2,625,000
|
2,626,585
|
|
Contego CLO IV DAC (Ireland), Series 4A,
Class A2RR, 4.23% (3 mo. EURIBOR +
1.75%), 10/23/2039(a)(b)(c)
|
EUR
|
1,000,000
|
1,153,304
|
|
Contego Clo XIV DAC (Ireland),
Series 14A, Class B, 3.91% (3 mo.
EURIBOR + 1.80%),
10/15/2037(a)(b)(c)
|
EUR
|
1,500,000
|
1,731,545
|
|
Dryden 56 Euro CLO 2017 DAC (Ireland),
Series 2017-56A, Class B1R, 4.23% (3
mo. EURIBOR + 1.80%),
04/15/2038(a)(b)(c)
|
EUR
|
1,000,000
|
1,154,446
|
|
Eaton Vance CLO Ltd. (Cayman Islands),
Series 2013-1A, Class AR4, 5.09% (3
mo. Term SOFR + 1.34%),
10/15/2038(a)(b)
|
$
|
2,200,000
|
2,203,777
|
|
Elmwood CLO 16 Ltd. (Cayman Islands),
Series 2022-3A, Class ARR, 4.84% (3
mo. Term SOFR + 1.11%),
04/20/2037(a)(b)
|
|
500,000
|
499,848
|
|
Elmwood CLO 21 Ltd. (Cayman Islands),
Series 2022-8A, Class AR2, 4.97% (3
mo. Term SOFR + 1.22%),
10/15/2038(a)(b)
|
|
3,500,000
|
3,501,669
|
|
Elmwood CLO 24 Ltd. (Cayman Islands),
Series 2023-3A, Class AR, 5.07% (3
mo. Term SOFR + 1.32%),
01/17/2038(a)(b)
|
|
1,000,000
|
1,001,914
|
|
Elmwood CLO 29 Ltd. (Cayman Islands)
|
|
|
|
|
Series 2024-5A, Class A1R2, 4.93% (3
mo. Term SOFR + 1.20%),
04/20/2037(a)(b)
|
|
20,000,000
|
20,039,840
|
|
Series 2024-5A, Class BR2, 5.28% (3
mo. Term SOFR + 1.55%),
04/20/2037(a)(b)
|
|
5,000,000
|
5,002,600
|
|
Elmwood CLO III Ltd. (Cayman Islands)
|
|
|
|
|
Series 2019-3A, Class A1RR, 5.11% (3
mo. Term SOFR + 1.38%),
07/18/2037(a)(b)
|
|
6,000,000
|
6,002,796
|
|
Series 2019-3A, Class A2RR, 5.33% (3
mo. Term SOFR + 1.60%),
07/18/2037(a)(b)
|
|
325,000
|
325,287
|
|
Elmwood CLO X Ltd. (Cayman Islands),
Series 2021-3A, Class BR2, 5.38% (3
mo. Term SOFR + 1.65%),
07/20/2038(a)(b)
|
|
1,000,000
|
1,002,801
|
|
Empower CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2022-1A, Class A1R, 5.12% (3
mo. Term SOFR + 1.39%),
10/20/2037(a)(b)
|
|
3,750,000
|
3,757,687
|
|
|
Principal
Amount
|
Value
|
|
|
Series 2023-1A, Class BR, 5.81% (3
mo. Term SOFR + 2.00%),
04/25/2038(a)(b)
|
$
|
1,000,000
|
$1,002,802
|
|
Series 2024-1A, Class A1R, 5.09% (3
mo. Term SOFR + 1.28%),
04/25/2037(a)(b)
|
|
5,000,000
|
5,007,500
|
|
Series 2025-1A, Class B, 5.53% (3 mo.
Term SOFR + 1.80%),
07/20/2038(a)(b)
|
|
1,750,000
|
1,755,838
|
|
Flatiron CLO 25 Ltd. (Cayman Islands),
Series 2024-2A, Class A, 5.10% (3
mo. Term SOFR + 1.35%),
10/17/2037(a)(b)
|
|
3,500,000
|
3,506,492
|
|
Flatiron RR CLO 30 Ltd. (Cayman
Islands), Series 2025-30A, Class A1,
4.91% (3 mo. Term SOFR + 1.16%),
04/15/2038(a)(b)
|
|
750,000
|
751,372
|
|
Galaxy Xxiv Clo Ltd. (Cayman Islands),
Series 2017-24A, Class AR2, 4.88% (3
mo. Term SOFR + 1.13%),
04/15/2037(a)(b)
|
|
2,000,000
|
1,996,392
|
|
Goldentree Loan Management Us Clo 16,
Ltd. (Jersey), Series 2022-16A,
Class ARR, 4.85% (3 mo. Term SOFR
+ 1.12%), 01/20/2038(a)(b)
|
|
5,660,000
|
5,650,344
|
|
GoldenTree Loan Management US CLO 8
Ltd. (Cayman Islands), Series 2020-8A,
Class ARR, 4.88% (3 mo. Term SOFR
+ 1.15%), 10/20/2034(a)(b)
|
|
1,100,000
|
1,101,194
|
|
Golub Capital Partners CLO 52(B)-R Ltd.
(Cayman Islands), Series 2020-52A,
Class AR2, 4.86% (3 mo. Term SOFR +
1.22%), 07/20/2039(a)(b)
|
|
10,000,000
|
9,997,500
|
|
Golub Capital Partners CLO 53(B) Ltd.
(Cayman Islands), Series 2021-53A,
Class AR, 4.71% (3 mo. Term SOFR +
0.98%), 07/20/2034(a)(b)
|
|
500,000
|
500,552
|
|
Golub Capital Partners CLO 54(M) L.P.
(Cayman Islands), Series 2021-54A,
Class A1R, 5.23% (3 mo. Term SOFR +
1.47%), 08/05/2037(a)(b)
|
|
2,400,000
|
2,401,774
|
|
Golub Capital Partners CLO 61(M),
Series 2022-61A, Class A1A, 5.04% (3
mo. Term SOFR + 1.23%),
07/25/2035(a)(b)
|
|
5,000,000
|
5,002,040
|
|
Golub Capital Partners CLO 69(M),
Series 2023-69A, Class AR, 5.05% (3
mo. Term SOFR + 1.40%),
11/09/2038(a)(b)
|
|
2,000,000
|
2,001,308
|
|
Green Lakes Park CLO LLC, Series 2025-
1A, Class ARR, 4.99% (3 mo. Term
SOFR + 1.18%), 01/25/2038(a)(b)
|
|
5,350,000
|
5,345,581
|
|
Hartwick Park CLO Ltd. (Jersey),
Series 2023-1A, Class AR, 4.89% (3
mo. Term SOFR + 1.16%),
01/20/2037(a)(b)
|
|
1,495,000
|
1,495,420
|
|
Honey Hill Park CLO Ltd. (Cayman
Islands), Series 2026-1A, Class A1,
4.87% (3 mo. Term SOFR + 1.15%),
04/24/2039(a)(b)
|
|
3,000,000
|
2,995,479
|
|
|
Principal
Amount
|
Value
|
|
|
Ivy Hill Middle Market Credit Fund IX Ltd.
(Cayman Islands), Series 9A,
Class A1R3, 5.27% (3 mo. Term SOFR
+ 1.52%), 07/23/2037(a)(b)
|
$
|
1,200,000
|
$1,200,395
|
|
Ivy Hill Middle Market Credit Fund VII Ltd.
(Cayman Islands), Series 7A,
Class AR3, 5.35% (3 mo. Term SOFR +
1.60%), 10/15/2036(a)(b)
|
|
500,000
|
500,433
|
|
Magnetite Xlii Ltd., Series 2024-42A,
Class A1, 5.12% (3 mo. Term SOFR +
1.31%), 01/25/2038(a)(b)
|
|
1,500,000
|
1,502,970
|
|
Magnetite XVII Ltd. (Cayman Islands),
Series 2016-17A, Class A1R, 4.88% (3
mo. Term SOFR + 1.20%),
07/25/2039(a)(b)
|
|
5,000,000
|
5,002,110
|
|
Magnetite XXVII Ltd. (Cayman Islands),
Series 2020-27A, Class BRR, 5.28% (3
mo. Term SOFR + 1.55%),
10/20/2038(a)(b)
|
|
1,000,000
|
1,003,389
|
|
Milford Park CLO Ltd. (Cayman Islands),
Series 2022-1A, Class AR, 4.89% (3
mo. Term SOFR + 1.16%),
01/20/2038(a)(b)
|
|
6,200,000
|
6,193,800
|
|
Neuberger Berman CLO XVI-S Ltd.
(Cayman Islands), Series 2017-16SA,
Class A1R, 4.93% (3 mo. Term SOFR +
1.18%), 04/15/2039(a)(b)
|
|
500,000
|
500,465
|
|
Neuberger Berman Loan Advisers CLO
26 Ltd. (Cayman Islands),
Series 2017-26A, Class AR2, 5.09% (3
mo. Term SOFR + 1.36%),
10/18/2038(a)(b)
|
|
2,100,000
|
2,103,923
|
|
Neuberger Berman Loan Advisers CLO
Ltd. (Cayman Islands), Series 2020-
39A, Class A1R2, 4.95% (3 mo. Term
SOFR + 1.22%), 04/20/2038(a)(b)
|
|
3,500,000
|
3,513,471
|
|
Neuberger Berman Loan Advisers Euro
CLO (Ireland), Series 2026-9A,
Class A, 3.75% (3 mo. EURIBOR +
1.26%), 07/15/2040(a)(b)(c)
|
EUR
|
5,000,000
|
5,765,133
|
|
Neuberger Berman Loan Advisers Lasalle
Street Lending Clo II Ltd. (Jersey),
Series 2024-2A, Class A1R, 5.07% (3
mo. Term SOFR + 1.34%),
04/20/2038(a)(b)
|
$
|
5,000,000
|
5,008,315
|
|
Neuberger Berman Loan Advisers NBLA
CLO 52 Ltd. (Jersey), Series 2022-
52A, Class AR, 5.13% (3 mo. Term
SOFR + 1.35%), 10/24/2038(a)(b)
|
|
2,500,000
|
2,503,090
|
|
New Mountain CLO 8 Ltd. (Cayman
Islands), Series CLO-8A, Class A1,
5.00% (3 mo. Term SOFR + 1.27%),
10/20/2038(a)(b)
|
|
5,000,000
|
5,017,630
|
|
Newbridge Park CLO DAC (Ireland),
Series 1A, Class B, 3.85% (3 mo.
EURIBOR + 1.65%),
04/15/2040(a)(b)(c)
|
EUR
|
3,000,000
|
3,456,809
|
|
Oak Hill Credit Partners X-R Ltd. (Cayman
Islands), Series 2014-10RA, Class AR2,
4.86% (3 mo. Term SOFR + 1.13%),
04/20/2038(a)(b)
|
$
|
5,000,000
|
4,994,545
|
|
|
Principal
Amount
|
Value
|
|
|
OCP CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2015-9A, Class AR3, 4.85% (3
mo. Term SOFR + 1.10%),
01/15/2037(a)(b)
|
$
|
3,500,000
|
$3,501,354
|
|
Series 2016-12A, Class A1R3, 5.10%
(3 mo. Term SOFR + 1.37%),
10/18/2037(a)(b)
|
|
1,000,000
|
1,002,242
|
|
Series 2020-20A, Class A1R2, 4.99%
(3 mo. Term SOFR + 1.26%),
04/18/2037(a)(b)
|
|
2,000,000
|
2,005,974
|
|
OHA Credit Funding 12-R Ltd. (Cayman
Islands), Series 2022-12RA, Class B1,
5.33% (3 mo. Term SOFR + 1.60%),
07/20/2037(a)(b)
|
|
1,000,000
|
1,003,461
|
|
OHA Credit Funding 15-R Ltd. (Cayman
Islands), Series 2023-15RA, Class A,
5.02% (3 mo. Term SOFR + 1.29%),
07/20/2038(a)(b)
|
|
1,275,000
|
1,277,431
|
|
OHA Credit Funding 17-R Ltd. (Cayman
Islands), Series 2024-17RA, Class A2,
5.03% (3 mo. Term SOFR + 1.30%),
04/20/2039(a)(b)
|
|
6,000,000
|
6,003,516
|
|
OHA Credit Funding 4 Ltd. (Cayman
Islands), Series 2019-4A, Class AR2,
5.02% (3 mo. Term SOFR + 1.29%),
01/22/2038(a)(b)
|
|
2,331,000
|
2,335,021
|
|
OHA Credit Funding 8 Ltd. (Cayman
Islands), Series 2021-8A, Class B1R,
5.28% (3 mo. Term SOFR + 1.55%),
01/20/2038(a)(b)
|
|
2,250,000
|
2,253,544
|
|
OHA Credit Funding Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2013-1A, Class BR4, 5.25% (3
mo. Term SOFR + 1.50%),
07/23/2039(a)(b)
|
|
10,000,000
|
10,025,040
|
|
Series 2020-7A, Class A1R2, 5.01% (3
mo. Term SOFR + 1.28%),
07/19/2038(a)(b)
|
|
4,620,000
|
4,630,663
|
|
Series 2026-25A, Class A1, 4.82% (3
mo. Term SOFR + 1.13%),
04/20/2039(a)(b)
|
|
3,000,000
|
3,000,750
|
|
OHA Credit Partners VII Ltd. (Cayman
Islands), Series 2012-7A, Class AR4,
4.78% (3 mo. Term SOFR + 1.14%),
02/20/2038(a)(b)
|
|
2,250,000
|
2,248,115
|
|
OWL Rock CLO XXV LLC, Series 2026-
25A, Class A, 5.13% (3 mo. Term
SOFR + 1.40%), 07/22/2036(a)(b)
|
|
10,000,000
|
10,003,940
|
|
Palmer Square CLO Ltd. (Cayman
Islands), Series 2021-1A, Class A1AR,
4.88% (3 mo. Term SOFR + 1.15%),
04/20/2038(a)(b)
|
|
2,618,000
|
2,616,903
|
|
Palmer Square European CLO DAC
(Ireland), Series 2026-1A, Class B,
3.82% (3 mo. EURIBOR + 1.65%),
04/15/2039(a)(b)(c)
|
EUR
|
1,000,000
|
1,155,686
|
|
Park Blue CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2022-1A, Class A1R, 5.15% (3
mo. Term SOFR + 1.42%),
10/20/2037(a)(b)
|
$
|
6,400,000
|
6,410,253
|
|
|
Principal
Amount
|
Value
|
|
|
Series 2025-7A, Class A1, 5.03% (3
mo. Term SOFR + 1.22%),
04/25/2038(a)(b)
|
$
|
7,250,000
|
$7,246,375
|
|
Series 2026-11A, Class X, 4.75% (3
mo. Term SOFR + 1.10%),
07/20/2039(a)(b)
|
|
4,250,000
|
4,253,064
|
|
Peace Park CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2021-1A, Class AR, 4.98% (3
mo. Term SOFR + 1.25%),
10/20/2038(a)(b)
|
|
1,000,000
|
1,000,483
|
|
Series 2021-1A, Class BR, 5.31% (3
mo. Term SOFR + 1.58%),
10/20/2038(a)(b)
|
|
1,000,000
|
1,001,146
|
|
Pikes Peak CLO 16 Ltd. (Jersey),
Series 2024-16A, Class A1R, 4.99% (3
mo. Term SOFR + 1.21%),
07/25/2039(a)(b)
|
|
8,000,000
|
7,994,800
|
|
Pikes Peak CLO 4 (Cayman Islands),
Series 2019-4A, Class ARR, 4.96% (3
mo. Term SOFR + 1.21%),
07/15/2034(a)(b)
|
|
1,500,000
|
1,502,261
|
|
Point Au Roche Park CLO Ltd. (Cayman
Islands), Series 2021-1A, Class AR,
4.90% (3 mo. Term SOFR + 1.17%),
01/20/2039(a)(b)
|
|
3,025,000
|
3,024,955
|
|
RAD CLO Ltd. (Cayman Islands),
Series 2025-31A, Class A1B, 5.20% (3
mo. Term SOFR + 1.45%),
04/17/2039(a)(b)
|
|
2,600,000
|
2,602,228
|
|
Regatta 30 Funding Ltd. (Cayman
Islands), Series 2024-4A, Class A2,
5.36% (3 mo. Term SOFR + 1.55%),
01/25/2038(a)(b)
|
|
1,300,000
|
1,302,016
|
|
Regatta XVII Funding Ltd. (Cayman
Islands), Series 2020-1A, Class AR,
5.13% (3 mo. Term SOFR + 1.38%),
10/15/2037(a)(b)
|
|
4,600,000
|
4,608,855
|
|
Regatta XX Funding Ltd. (Cayman
Islands), Series 2021-2A, Class AR,
4.93% (3 mo. Term SOFR + 1.18%),
01/15/2038(a)(b)
|
|
1,350,000
|
1,348,778
|
|
Regatta XXII Funding Ltd. (Cayman
Islands), Series 2022-2A, Class A1R2,
5.01% (3 mo. Term SOFR + 1.26%),
01/15/2039(a)(b)
|
|
2,000,000
|
2,001,096
|
|
RR 29 Ltd. (Cayman Islands),
Series 2024-29RA, Class A1R, 5.06%
(3 mo. Term SOFR + 1.39%),
07/15/2039(a)(b)
|
|
1,500,000
|
1,503,716
|
|
RR 38 Ltd. (Cayman Islands),
Series 2025-38A, Class A1A, 4.90% (3
mo. Term SOFR + 1.15%),
04/15/2040(a)(b)
|
|
1,300,000
|
1,298,289
|
|
Shackleton CLO Ltd. (Cayman Islands),
Series 2019-14A, Class A1R, 4.93% (3
mo. Term SOFR + 1.20%),
07/20/2034(a)(b)
|
|
1,250,000
|
1,250,765
|
|
Signal Peak CLO 10 Ltd. (Cayman
Islands), Series 2021-10A, Class A1R,
4.97% (3 mo. Term SOFR + 1.19%),
01/24/2038(a)(b)
|
|
4,500,000
|
4,508,878
|
|
|
Principal
Amount
|
Value
|
|
|
Signal Peak CLO 14 Ltd. (Cayman
Islands), Series 2024-14A, Class A,
5.03% (3 mo. Term SOFR + 1.30%),
01/22/2038(a)(b)
|
$
|
2,000,000
|
$2,003,580
|
|
Signal Peak CLO 9 Ltd. (Cayman Islands),
Series 2021-9A, Class A1R, 5.09% (3
mo. Term SOFR + 1.36%),
01/21/2038(a)(b)
|
|
1,300,000
|
1,302,538
|
|
Sixth Street CLO XIV Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2019-14A, Class A1R, 4.88% (3
mo. Term SOFR + 1.15%),
01/20/2038(a)(b)
|
|
1,750,000
|
1,747,797
|
|
Series 2019-14A, Class A2R, 5.13% (3
mo. Term SOFR + 1.40%),
01/20/2038(a)(b)
|
|
2,280,000
|
2,276,094
|
|
Sixth Street CLO XX Ltd. (Cayman
Islands), Series 2021-20A, Class A2R,
5.32% (3 mo. Term SOFR + 1.57%),
07/17/2038(a)(b)
|
|
5,000,000
|
5,013,270
|
|
Sona Fios CLO II DAC (Ireland),
Series 2A, Class AR, 3.55% (3 mo.
EURIBOR + 1.27%),
02/15/2039(a)(b)(c)
|
EUR
|
7,000,000
|
8,076,720
|
|
Sona Fios CLO IV DAC (Ireland),
Series 4A, Class A, 3.76% (3 mo.
EURIBOR + 1.27%),
04/20/2038(a)(b)(c)
|
EUR
|
2,000,000
|
2,304,443
|
|
Symphony CLO 30 Ltd. (Jersey),
Series 2023-30A, Class A1R2, 4.93%
(3 mo. Term SOFR + 1.20%),
10/20/2037(a)(b)
|
$
|
10,000,000
|
9,993,200
|
|
Symphony CLO 40 Ltd. (Bermuda)
|
|
|
|
|
Series 2023-40A, Class AR, 5.05% (3
mo. Term SOFR + 1.31%),
01/05/2038(a)(b)
|
|
1,500,000
|
1,501,469
|
|
Series 2023-40A, Class BR, 5.44% (3
mo. Term SOFR + 1.70%),
01/05/2038(a)(b)
|
|
1,500,000
|
1,503,533
|
|
Symphony CLO 47 Ltd. (Cayman Islands),
Series 2025-47A, Class A1, 4.87% (3
mo. Term SOFR + 1.14%),
04/20/2038(a)(b)
|
|
2,000,000
|
1,996,454
|
|
Symphony CLO 49 Ltd. (Cayman Islands),
Series 2025-49A, Class B, 5.43% (3
mo. Term SOFR + 1.70%),
07/20/2038(a)(b)
|
|
1,081,046
|
1,084,423
|
|
|
Principal
Amount
|
Value
|
|
|
Symphony CLO XIX Ltd. (Cayman
Islands), Series 2018-19A, Class B,
5.40% (3 mo. Term SOFR + 1.61%),
04/16/2031(a)(b)
|
$
|
512,772
|
$514,807
|
|
Symphony CLO XX Ltd. (Cayman Islands),
Series 2018-20A, Class AR2, 4.89% (3
mo. Term SOFR + 1.10%),
01/16/2032(a)(b)
|
|
357,848
|
358,884
|
|
Symphony CLO XXII Ltd. (Cayman
Islands), Series 2020-22A, Class BR,
5.41% (3 mo. Term SOFR + 1.68%),
04/18/2033(a)(b)
|
|
750,000
|
750,885
|
|
Symphony CLO XXXII Ltd. (Cayman
Islands), Series 2022-32A, Class BR,
5.40% (3 mo. Term SOFR + 1.65%),
10/23/2035(a)(b)
|
|
3,500,000
|
3,506,454
|
|
Symphony Loan Funding CLO 1 Ltd.
(Cayman Islands), Series 2024-1A,
Class B, 5.58% (3 mo. Term SOFR +
1.85%), 01/22/2038(a)(b)
|
|
1,000,000
|
1,003,209
|
|
Texas Debt Capital CLO Ltd. (Cayman
Islands), Series 2023-1A, Class A1R,
5.03% (3 mo. Term SOFR + 1.30%),
07/20/2038(a)(b)
|
|
3,550,000
|
3,560,497
|
|
Valley Stream Park CLO Ltd. (Jersey),
Series 2022-1A, Class ARR, 4.92% (3
mo. Term SOFR + 1.19%),
01/20/2037(a)(b)
|
|
1,112,000
|
1,113,573
|
|
Total Asset-Backed Securities
(Cost $518,606,138)
|
517,722,975
|
||
|
|
Shares
|
|
|
|
Money Market Funds-2.02%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(e)
(Cost $10,700,149)
|
|
10,700,149
|
10,700,149
|
|
TOTAL INVESTMENTS IN SECURITIES-99.62%
(Cost $529,306,287)
|
528,423,124
|
||
|
OTHER ASSETS LESS LIABILITIES-0.38%
|
2,023,021
|
||
|
NET ASSETS-100.00%
|
$530,446,145
|
||
|
Investment Abbreviations:
|
|
|
BR
|
-Bearer Shares
|
|
EUR
|
-Euro
|
|
EURIBOR
|
-Euro Interbank Offered Rate
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $517,722,975, which represented 97.60% of the Fund’s Net Assets.
|
|
(b)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(c)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$539,116
|
$206,764,893
|
$(196,603,860
)
|
$-
|
$-
|
$10,700,149
|
$154,677
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
8/28/2026
|
BNP Paribas
|
USD
|
53,365,896
|
EUR
|
46,836,511
|
$583,764
|
|
Subtotal—Appreciation
|
583,764
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
8/28/2026
|
BNP Paribas
|
EUR
|
14,144,022
|
USD
|
16,137,642
|
(154,460
)
|
|
8/28/2026
|
JPMorgan
|
EUR
|
5,250,000
|
USD
|
6,016,808
|
(30,519
)
|
|
8/28/2026
|
RBC Capital Markets, LLC
|
EUR
|
13,720,215
|
USD
|
15,657,633
|
(146,297
)
|
|
8/28/2026
|
State Street Global Markets
|
EUR
|
13,722,274
|
USD
|
15,661,972
|
(144,329
)
|
|
9/28/2026
|
BNP Paribas
|
EUR
|
46,836,511
|
USD
|
53,435,729
|
(582,085
)
|
|
Subtotal—Depreciation
|
(1,057,690
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$(473,926
)
|
|||||
|
Abbreviations:
|
|
|
EUR
|
-Euro
|
|
USD
|
-U.S. Dollar
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.95%
|
|||
|
Apartments -7.35%
|
|||
|
Camden Property Trust
|
|
20,186
|
$2,236,810
|
|
UDR, Inc.
|
|
57,742
|
2,203,435
|
|
|
|
|
4,440,245
|
|
Data Centers -14.39%
|
|||
|
Digital Realty Trust, Inc.
|
|
23,430
|
4,417,023
|
|
Equinix, Inc.
|
|
2,908
|
2,964,066
|
|
Iron Mountain, Inc.
|
|
10,699
|
1,308,702
|
|
|
|
|
8,689,791
|
|
Diversified -5.24%
|
|||
|
Broadstone Net Lease, Inc.(b)
|
|
44,813
|
959,446
|
|
W.P. Carey, Inc.
|
|
29,944
|
2,203,879
|
|
|
|
|
3,163,325
|
|
Free Standing-0.76%
|
|||
|
Essential Properties Realty Trust, Inc.(b)
|
|
14,644
|
458,211
|
|
Gaming REITs-2.84%
|
|||
|
Gaming and Leisure Properties, Inc.
|
|
38,330
|
1,716,801
|
|
Health Care-16.59%
|
|||
|
American Healthcare REIT, Inc.(b)
|
|
36,142
|
2,009,495
|
|
CareTrust REIT, Inc.(b)
|
|
13,344
|
559,647
|
|
Omega Healthcare Investors, Inc.
|
|
49,551
|
2,508,767
|
|
Welltower, Inc.
|
|
21,088
|
4,943,871
|
|
|
|
|
10,021,780
|
|
Industrial-14.76%
|
|||
|
EastGroup Properties, Inc.
|
|
2,675
|
559,102
|
|
Prologis, Inc.
|
|
38,781
|
5,608,120
|
|
Terreno Realty Corp.
|
|
38,350
|
2,747,778
|
|
|
|
|
8,915,000
|
|
Lodging Resorts-2.30%
|
|||
|
Ryman Hospitality Properties, Inc.
|
|
10,387
|
1,388,223
|
|
Manufactured Homes-2.52%
|
|||
|
Equity LifeStyle Properties, Inc.
|
|
23,347
|
1,519,189
|
|
Office-3.31%
|
|||
|
BXP, Inc.
|
|
13,443
|
942,623
|
|
Vornado Realty Trust(b)
|
|
26,763
|
1,054,195
|
|
|
|
|
1,996,818
|
|
Regional Malls-1.88%
|
|||
|
Simon Property Group, Inc.
|
|
4,948
|
1,134,923
|
|
Self Storage-5.83%
|
|||
|
CubeSmart
|
|
32,277
|
1,338,204
|
|
Public Storage
|
|
6,724
|
2,179,719
|
|
|
|
|
3,517,923
|
|
|
Shares
|
Value
|
|
|
Shopping Centers-4.19%
|
|||
|
Brixmor Property Group, Inc.
|
|
32,942
|
$1,038,002
|
|
Tanger, Inc.
|
|
36,762
|
1,494,743
|
|
|
|
|
2,532,745
|
|
Single Family Homes-2.06%
|
|||
|
American Homes 4 Rent, Class A
|
|
37,306
|
1,246,766
|
|
Specialty-2.31%
|
|||
|
Lamar Advertising Co., Class A
|
|
5,677
|
908,093
|
|
Outfront Media, Inc.
|
|
15,316
|
488,121
|
|
|
|
|
1,396,214
|
|
Telecommunications REIT-11.72%
|
|||
|
American Tower Corp.
|
|
33,526
|
5,812,067
|
|
Crown Castle, Inc.
|
|
16,558
|
1,263,376
|
|
|
|
|
7,075,443
|
|
Timber REITs-1.90%
|
|||
|
Rayonier, Inc.(b)
|
|
52,810
|
1,150,202
|
|
Total Common Stocks & Other Equity Interests
(Cost $53,099,117)
|
60,363,599
|
||
|
|
|||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(c)(d)
(Cost $30,040)
|
|
30,040
|
30,040
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.00%
(Cost $53,129,157)
|
60,393,639
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-8.93%
|
|||
|
Invesco Private Government Fund,
3.69%(c)(d)(e)
|
|
1,498,950
|
1,498,950
|
|
Invesco Private Prime Fund, 3.82%(c)(d)(e)
|
|
3,893,859
|
3,894,248
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,393,150)
|
5,393,198
|
||
|
TOTAL INVESTMENTS IN SECURITIES-108.93%
(Cost $58,522,307)
|
65,786,837
|
||
|
OTHER ASSETS LESS LIABILITIES-(8.93)%
|
(5,390,752
)
|
||
|
NET ASSETS-100.00%
|
$60,396,085
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Property type classifications used in this report are generally according to FTSE
National Association of Real Estate Investment Trusts ("NAREIT") Equity REITs
Index, which is exclusively owned by NAREIT.
|
|
(b)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$127,342
|
$1,482,784
|
$(1,580,086
)
|
$-
|
$-
|
$30,040
|
$1,901
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
187,263
|
11,576,950
|
(10,265,263
)
|
-
|
-
|
1,498,950
|
31,602
*
|
|
Invesco Private Prime Fund
|
491,339
|
26,116,669
|
(22,713,708
)
|
48
|
(100
)
|
3,894,248
|
37,176
*
|
|
Total
|
$805,944
|
$39,176,403
|
$(34,559,057
)
|
$48
|
$(100
)
|
$5,423,238
|
$70,679
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(e)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-98.87%
|
|||
|
Federal Home Loan Mortgage Corp. (FHLMC)-33.72%
|
|||
|
2.00%, 11/01/2035 to 07/01/2051
|
$
|
863,404
|
$725,028
|
|
4.50%, 09/01/2051
|
|
292,857
|
280,958
|
|
2.50%, 10/01/2051 to 02/01/2052
|
|
679,478
|
565,291
|
|
5.50%, 01/01/2053 to 02/01/2056
|
|
1,537,423
|
1,530,084
|
|
6.00%, 05/01/2054 to 11/01/2054
|
|
763,760
|
776,507
|
|
6.50%, 10/01/2054 to 06/01/2055
|
|
403,013
|
419,666
|
|
5.00%, 11/01/2054 to 02/01/2056
|
|
591,935
|
573,889
|
|
|
|
|
4,871,423
|
|
Federal National Mortgage Association (FNMA)-15.99%
|
|||
|
3.50%, 07/01/2037
|
|
256,047
|
241,369
|
|
4.50%, 04/01/2049
|
|
295,124
|
281,872
|
|
2.50%, 06/01/2050 to 01/01/2052
|
|
1,331,183
|
1,106,245
|
|
2.00%, 03/01/2052
|
|
96,013
|
75,090
|
|
4.00%, 06/01/2052
|
|
408,186
|
374,703
|
|
5.00%, 11/01/2054
|
|
236,080
|
231,092
|
|
|
|
|
2,310,371
|
|
Government National Mortgage Association (GNMA)-25.73%
|
|||
|
TBA, 2.00%, 08/01/2056(a)
|
|
1,361,500
|
1,090,476
|
|
TBA, 2.50%, 08/01/2056(a)
|
|
1,019,000
|
850,695
|
|
TBA, 3.00%, 08/01/2056(a)
|
|
440,000
|
381,580
|
|
TBA, 4.00%, 08/01/2056(a)
|
|
235,000
|
212,634
|
|
TBA, 4.50%, 08/01/2056(a)
|
|
298,000
|
279,363
|
|
TBA, 5.00%, 08/01/2056(a)
|
|
645,000
|
624,171
|
|
TBA, 6.00%, 08/01/2056(a)
|
|
274,000
|
278,511
|
|
|
|
|
3,717,430
|
|
Uniform Mortgage-Backed Securities-23.43%
|
|||
|
TBA, 3.00%, 08/01/2041 to 08/01/2056(a)
|
|
1,531,000
|
1,321,215
|
|
TBA, 4.50%, 08/01/2041(a)
|
|
47,000
|
45,916
|
|
TBA, 5.00%, 08/01/2041(a)
|
|
677,400
|
674,169
|
|
TBA, 2.00%, 08/01/2056(a)
|
|
735,000
|
572,726
|
|
TBA, 3.50%, 08/01/2056(a)
|
|
786,000
|
697,360
|
|
TBA, 6.00%, 08/01/2056(a)
|
|
73,000
|
73,815
|
|
|
|
|
3,385,201
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $14,562,500)
|
14,284,425
|
||
|
Certificates of Deposit-13.16%
|
|||
|
Diversified Banks-13.16%
|
|||
|
Bank of Nova Scotia (Canada), 3.92% (SOFR +
0.30%), 02/24/2027(b)
|
|
600,000
|
600,732
|
|
Commonwealth Bank of Australia (Australia),
3.93% (SOFR + 0.27%), 02/25/2027(b)
|
|
600,000
|
600,168
|
|
Nordea Bank Abp (Finland), 4.04% (SOFR +
0.38%), 02/05/2027(b)
|
|
700,000
|
700,502
|
|
Total Certificates of Deposit
(Cost $1,900,393)
|
1,901,402
|
||
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Asset-Backed Securities-9.90%
|
|||
|
Angel Oak Mortgage Trust, Series 2026-2,
Class A3, 5.20%, 02/25/2071(c)
|
$
|
276,748
|
$273,167
|
|
BRAVO Residential Funding Trust, Series 2026-
NQM1, Class A3, 5.21%, 12/25/2065(c)
|
|
279,239
|
275,762
|
|
GS Mortgage-Backed Securities Trust,
Series 2026-NQM5, Class A3, 6.09%,
11/25/2066(c)
|
|
50,000
|
50,164
|
|
Lightpath Fiber Issuer LLC, Series 2026-1A,
Class B, 5.89%, 03/25/2056(c)
|
|
250,000
|
245,290
|
|
Morgan Stanley Residential Mortgage Loan
Trust, Series 2025-DSC1, Class A3, 5.97%,
03/25/2070(c)
|
|
188,848
|
188,993
|
|
OBX Trust, Series 2026-R1, Class A3, 5.29%,
01/25/2063(c)
|
|
151,981
|
149,468
|
|
Subway Funding LLC, Series 2024-1A,
Class A2I, 6.27%, 07/30/2054(c)
|
|
245,625
|
247,185
|
|
Total Asset-Backed Securities
(Cost $1,451,541)
|
1,430,029
|
||
|
U.S. Treasury Securities-0.24%
|
|||
|
U.S. Treasury Bills-0.24%(d)
|
|||
|
3.62%–3.65%, 09/17/2026(e)
(Cost $34,835)
|
|
35,000
|
34,840
|
|
|
|||
|
Commercial Paper-12.46%
|
|||
|
Royal Bank of Canada, 3.92% (SOFR + 0.29%),
02/05/2027(b)(c)
|
|
600,000
|
600,111
|
|
Svenska Handelsbanken AB, 3.92% (SOFR +
0.27%), 02/19/2027(b)(c)
|
|
600,000
|
599,973
|
|
Swedbank AB, 3.92% (SOFR + 0.27%),
02/11/2027(b)(c)
|
|
600,000
|
600,062
|
|
Total Commercial Paper
(Cost $1,800,025)
|
1,800,146
|
||
|
|
Shares
|
|
|
|
Money Market Funds-14.54%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(f)(g)
(Cost $2,100,052)
|
|
2,100,052
|
2,100,052
|
|
TOTAL INVESTMENTS IN SECURITIES-149.17%
(Cost $21,849,346)
|
21,550,894
|
||
|
OTHER ASSETS LESS LIABILITIES-(49.17)%
|
(7,103,878
)
|
||
|
NET ASSETS-100.00%
|
$14,447,016
|
||
|
Investment Abbreviations:
|
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
TBA
|
-To Be Announced
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(b)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $3,230,175, which represented 22.36% of the Fund’s Net Assets.
|
|
(d)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(e)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for open futures contracts.
|
|
(f)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the period ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$-
|
$34,382,476
|
$(32,282,424
)
|
$-
|
$-
|
$2,100,052
|
$49,464
|
|
(g)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
2
|
September-2026
|
$411,219
|
$(435
)
|
$(435
)
|
|
U.S. Treasury 5 Year Notes
|
2
|
September-2026
|
211,953
|
(755
)
|
(755
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(1,190
)
|
(1,190
)
|
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Ultra Notes
|
2
|
September-2026
|
(219,406
)
|
2,763
|
2,763
|
|
U.S. Treasury Long Bonds
|
2
|
September-2026
|
(216,625
)
|
4,833
|
4,833
|
|
U.S. Treasury Ultra Bonds
|
1
|
September-2026
|
(109,688
)
|
2,559
|
2,559
|
|
Subtotal—Short Futures Contracts
|
|
|
|
10,155
|
10,155
|
|
Total Futures Contracts
|
$8,965
|
$8,965
|
|||
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-98.03%
|
|||
|
Aerospace & Defense-1.40%
|
|||
|
Textron, Inc.
|
|
28,900
|
$2,464,014
|
|
Air Freight & Logistics-1.72%
|
|||
|
FedEx Corp.
|
|
9,819
|
3,018,361
|
|
Banks-13.23%
|
|||
|
Bank of America Corp.
|
|
104,600
|
6,479,970
|
|
Citizens Financial Group, Inc.
|
|
37,172
|
2,663,374
|
|
Fifth Third Bancorp
|
|
60,149
|
3,398,419
|
|
Huntington Bancshares, Inc.
|
|
190,505
|
3,246,205
|
|
M&T Bank Corp.
|
|
8,638
|
2,127,453
|
|
Wells Fargo & Co.
|
|
62,090
|
5,367,680
|
|
|
|
|
23,283,101
|
|
Beverages-1.93%
|
|||
|
Coca-Cola Co. (The)
|
|
38,857
|
3,403,485
|
|
Biotechnology-1.41%
|
|||
|
Regeneron Pharmaceuticals, Inc.
|
|
3,245
|
2,474,734
|
|
Broadline Retail-1.49%
|
|||
|
eBay, Inc.
|
|
22,977
|
2,619,608
|
|
Building Products-2.15%
|
|||
|
Johnson Controls International PLC
|
|
25,735
|
3,774,295
|
|
Capital Markets-2.71%
|
|||
|
State Street Corp.
|
|
25,932
|
4,775,637
|
|
Chemicals-1.65%
|
|||
|
International Flavors & Fragrances, Inc.
|
|
36,694
|
2,906,899
|
|
Communications Equipment-3.57%
|
|||
|
Cisco Systems, Inc.
|
|
54,226
|
6,289,674
|
|
Consumer Finance-1.00%
|
|||
|
Capital One Financial Corp.
|
|
8,427
|
1,761,327
|
|
Electrical Equipment-4.14%
|
|||
|
Eaton Corp. PLC
|
|
9,067
|
3,764,618
|
|
Emerson Electric Co.
|
|
23,490
|
3,519,272
|
|
|
|
|
7,283,890
|
|
Entertainment-1.26%
|
|||
|
Walt Disney Co. (The)
|
|
23,136
|
2,225,452
|
|
Health Care Equipment & Supplies-2.77%
|
|||
|
Becton, Dickinson and Co.
|
|
12,721
|
2,106,852
|
|
GE HealthCare Technologies, Inc.
|
|
18,949
|
1,288,911
|
|
Medtronic PLC
|
|
17,345
|
1,481,090
|
|
|
|
|
4,876,853
|
|
Health Care Providers & Services-7.11%
|
|||
|
CVS Health Corp.
|
|
49,622
|
5,182,026
|
|
Elevance Health, Inc.
|
|
10,291
|
3,867,769
|
|
UnitedHealth Group, Inc.
|
|
8,358
|
3,463,555
|
|
|
|
|
12,513,350
|
|
Hotels, Restaurants & Leisure-3.84%
|
|||
|
Booking Holdings, Inc.
|
|
10,115
|
1,951,184
|
|
Domino’s Pizza, Inc.
|
|
6,417
|
2,229,522
|
|
Starbucks Corp.
|
|
24,414
|
2,569,573
|
|
|
|
|
6,750,279
|
|
Household Products-1.68%
|
|||
|
Clorox Co. (The)
|
|
31,020
|
2,963,341
|
|
Insurance-4.17%
|
|||
|
Allstate Corp. (The)
|
|
8,520
|
2,249,962
|
|
|
Shares
|
Value
|
|
|
Insurance-(continued)
|
|||
|
American International Group, Inc.
|
|
34,513
|
$2,712,031
|
|
MetLife, Inc.
|
|
24,748
|
2,379,025
|
|
|
|
|
7,341,018
|
|
Interactive Media & Services-5.53%
|
|||
|
Alphabet, Inc., Class A
|
|
20,013
|
7,127,229
|
|
Meta Platforms, Inc., Class A
|
|
4,687
|
2,609,300
|
|
|
|
|
9,736,529
|
|
IT Services-1.29%
|
|||
|
Cognizant Technology Solutions Corp.,
Class A
|
|
40,934
|
2,265,697
|
|
Machinery-2.03%
|
|||
|
Caterpillar, Inc.
|
|
4,378
|
3,567,238
|
|
Multi-Utilities-3.38%
|
|||
|
Dominion Energy, Inc.
|
|
32,220
|
2,228,657
|
|
Sempra
|
|
42,005
|
3,719,543
|
|
|
|
|
5,948,200
|
|
Oil, Gas & Consumable Fuels-8.52%
|
|||
|
Chevron Corp.
|
|
24,243
|
4,771,750
|
|
ConocoPhillips
|
|
27,020
|
3,255,369
|
|
Devon Energy Corp.
|
|
67,567
|
3,049,299
|
|
ExxonMobil Holdings Corp.
|
|
10,130
|
1,574,607
|
|
Occidental Petroleum Corp.
|
|
40,981
|
2,338,786
|
|
|
|
|
14,989,811
|
|
Pharmaceuticals-5.88%
|
|||
|
AstraZeneca PLC (United Kingdom)
|
|
12,577
|
2,133,562
|
|
Johnson & Johnson
|
|
6,580
|
1,686,783
|
|
Merck & Co., Inc.
|
|
36,619
|
4,767,794
|
|
Zoetis, Inc.
|
|
22,814
|
1,763,294
|
|
|
|
|
10,351,433
|
|
Professional Services-1.40%
|
|||
|
TransUnion
|
|
31,303
|
2,461,042
|
|
Semiconductors & Semiconductor Equipment-5.75%
|
|||
|
Intel Corp.(b)
|
|
32,336
|
2,916,707
|
|
Micron Technology, Inc.
|
|
2,894
|
2,381,849
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
13,251
|
3,036,599
|
|
QUALCOMM, Inc.
|
|
12,030
|
1,775,748
|
|
|
|
|
10,110,903
|
|
Software-3.06%
|
|||
|
Microsoft Corp.
|
|
11,598
|
5,389,823
|
|
Textiles, Apparel & Luxury Goods-1.25%
|
|||
|
NIKE, Inc., Class B
|
|
52,864
|
2,204,957
|
|
Tobacco-2.71%
|
|||
|
Philip Morris International, Inc. (Switzerland)
|
|
24,947
|
4,760,387
|
|
Total Common Stocks & Other Equity Interests
(Cost $144,366,650)
|
172,511,338
|
||
|
|
|||
|
Money Market Funds-1.96%
|
|
|
|
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(c)(d)
(Cost $3,451,508)
|
|
3,451,508
|
3,451,508
|
|
TOTAL INVESTMENTS IN SECURITIES-99.99%
(Cost $147,818,158)
|
175,962,846
|
||
|
OTHER ASSETS LESS LIABILITIES-0.01%
|
22,268
|
||
|
NET ASSETS-100.00%
|
$175,985,114
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$2,024,441
|
$11,063,500
|
$(9,636,433
)
|
$-
|
$-
|
$3,451,508
|
$87,787
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
55,727
|
4,560,042
|
(4,615,769
)
|
-
|
-
|
-
|
7,923
*
|
|
Invesco Private Prime Fund
|
141,148
|
11,724,581
|
(11,865,495
)
|
-
|
(234
)
|
-
|
11,417
*
|
|
Total
|
$2,221,316
|
$27,348,123
|
$(26,117,697
)
|
$-
|
$(234
)
|
$3,451,508
|
$107,127
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Securities-43.09%
|
|||
|
U.S. Treasury Bills-0.23%(b)
|
|||
|
3.61%–3.69%, 09/17/2026(c)
|
$
|
545,000
|
$542,513
|
|
3.86%–3.91%, 01/14/2027(c)
|
|
269,000
|
264,378
|
|
|
|
|
806,891
|
|
U.S. Treasury Bonds-9.14%
|
|||
|
5.00%, 05/15/2046
|
|
5,408,900
|
5,232,688
|
|
4.75%, 02/15/2056
|
|
28,701,000
|
26,528,245
|
|
|
|
|
31,760,933
|
|
U.S. Treasury Notes-33.72%
|
|||
|
4.13%, 06/30/2028
|
|
40,436,600
|
40,333,929
|
|
4.13%, 07/15/2029
|
|
13,498,600
|
13,423,198
|
|
3.88%, 03/31/2031
|
|
1,928,000
|
1,884,356
|
|
4.13%, 06/30/2031
|
|
21,823,200
|
21,536,771
|
|
4.38%, 07/31/2031
|
|
1,200,000
|
1,197,328
|
|
4.25%, 06/30/2033
|
|
5,047,500
|
4,955,225
|
|
4.38%, 05/15/2036
|
|
34,761,800
|
33,852,018
|
|
|
|
|
117,182,825
|
|
Total U.S. Treasury Securities
(Cost $151,378,303)
|
149,750,649
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-28.89%
|
|||
|
Collateralized Mortgage Obligations-0.57%
|
|||
|
Freddie Mac Multifamily Structured Pass
Through Ctfs.
|
|
|
|
|
Series K558, Class A2, 4.13%,
03/25/2031(d)
|
|
250,000
|
244,299
|
|
Series K562, Class A2, 3.97%,
04/25/2031(d)
|
|
1,100,000
|
1,065,878
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
Series K519, Class AS, 4.11%,
03/25/2029(e)
|
|
266,064
|
265,693
|
|
Series K530, Class A2, 4.79%,
09/25/2029(d)
|
|
100,000
|
100,292
|
|
Series KF153, Class AS, 4.31%,
02/25/2033(e)
|
|
301,356
|
302,407
|
|
Series KF81, Class AL, 4.11%,
06/25/2027(e)
|
|
6,169
|
6,168
|
|
|
|
|
1,984,737
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-0.42%
|
|||
|
4.50%, 04/01/2035
|
|
1,500,000
|
1,458,302
|
|
Federal National Mortgage Association (FNMA)-6.02%
|
|||
|
4.53%, 07/01/2030
|
|
3,500,000
|
3,480,351
|
|
4.39%, 09/01/2030
|
|
3,500,000
|
3,459,009
|
|
4.29%, 10/01/2030 to 06/01/2031
|
|
5,000,000
|
4,912,283
|
|
3.93%, 12/01/2030
|
|
1,500,000
|
1,455,875
|
|
4.36%, 04/01/2031 to 06/01/2031
|
|
7,750,000
|
7,630,177
|
|
|
|
|
20,937,695
|
|
Government National Mortgage Association (GNMA)-5.87%
|
|||
|
TBA, 2.00%, 08/01/2056(f)
|
|
8,490,000
|
6,799,960
|
|
TBA, 2.50%, 08/01/2056(f)
|
|
12,220,000
|
10,201,656
|
|
TBA, 3.00%, 08/01/2056(f)
|
|
3,920,000
|
3,399,527
|
|
|
|
|
20,401,143
|
|
Uniform Mortgage-Backed Securities-16.01%
|
|||
|
TBA, 4.50%, 08/01/2041 to 08/01/2056(f)
|
|
5,539,027
|
5,302,514
|
|
TBA, 5.00%, 08/01/2041 to 08/01/2056(f)
|
|
9,412,290
|
9,163,423
|
|
|
Principal
Amount
|
Value
|
|
|
Uniform Mortgage-Backed Securities-(continued)
|
|||
|
TBA, 2.00%, 08/01/2056(f)
|
$
|
3,983,445
|
$3,103,975
|
|
TBA, 2.50%, 08/01/2056(f)
|
|
5,131,458
|
4,184,487
|
|
TBA, 3.00%, 08/01/2056(f)
|
|
8,066,070
|
6,877,898
|
|
TBA, 3.50%, 08/01/2056(f)
|
|
5,983,316
|
5,308,557
|
|
TBA, 4.00%, 08/01/2056(f)
|
|
4,793,952
|
4,377,028
|
|
TBA, 5.50%, 08/01/2056(f)
|
|
8,862,384
|
8,771,646
|
|
TBA, 6.00%, 08/01/2056(f)
|
|
6,090,922
|
6,158,945
|
|
TBA, 6.50%, 08/01/2056(f)
|
|
2,305,000
|
2,376,580
|
|
|
|
|
55,625,053
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $101,816,229)
|
100,406,930
|
||
|
U.S. Dollar Denominated Bonds & Notes-28.44%
|
|||
|
Advertising-0.11%
|
|||
|
Omnicom Group, Inc.
|
|
|
|
|
4.20% 03/02/2029
|
|
10,000
|
9,826
|
|
5.30% 06/02/2036(g)
|
|
402,000
|
381,873
|
|
|
|
|
391,699
|
|
Aerospace & Defense-0.07%
|
|||
|
Honeywell Aerospace, Inc.
|
|
|
|
|
3.90% 03/16/2028(h)
|
|
95,000
|
93,951
|
|
4.00% 03/16/2029(h)
|
|
36,000
|
35,346
|
|
4.30% 03/16/2031(h)
|
|
15,000
|
14,598
|
|
4.60% 03/16/2033(h)
|
|
12,000
|
11,606
|
|
4.95% 03/16/2036(h)
|
|
28,000
|
27,002
|
|
Howmet Aerospace, Inc.
|
|
|
|
|
3.75% 03/03/2028
|
|
19,000
|
18,759
|
|
3.90% 04/15/2029
|
|
4,000
|
3,914
|
|
4.55% 11/15/2032
|
|
23,000
|
22,315
|
|
4.75% 04/15/2036
|
|
6,000
|
5,714
|
|
Lockheed Martin Corp.
|
|
|
|
|
4.15% 08/15/2028
|
|
8,000
|
7,951
|
|
4.40% 08/15/2030
|
|
4,000
|
3,958
|
|
Textron, Inc., 4.95%, 03/15/2036
|
|
1,000
|
956
|
|
|
|
|
246,070
|
|
Agricultural & Farm Machinery-0.07%
|
|||
|
Deere Funding Canada Corp., 4.15%,
10/09/2030
|
|
30,000
|
29,267
|
|
John Deere Capital Corp.
|
|
|
|
|
4.38% 10/15/2030
|
|
31,000
|
30,560
|
|
Series I, 4.13% 01/18/2029
|
|
145,000
|
143,773
|
|
Series I, 3.90% 03/09/2029
|
|
23,000
|
22,626
|
|
Series I, 4.20% 03/10/2031
|
|
24,000
|
23,405
|
|
|
|
|
249,631
|
|
Agricultural Products & Services-0.16%
|
|||
|
Cargill, Inc., 4.13%, 10/23/2030(h)
|
|
10,000
|
9,715
|
|
Imperial Brands Finance PLC (United
Kingdom)
|
|
|
|
|
4.88% 02/07/2032(h)
|
|
356,000
|
349,041
|
|
5.50% 07/07/2036(h)
|
|
200,000
|
194,563
|
|
|
|
|
553,319
|
|
Alternative Carriers-0.19%
|
|||
|
Space Exploration Technologies Corp.
|
|
|
|
|
5.35% 07/15/2031(h)
|
|
494,000
|
480,999
|
|
5.65% 07/15/2033(h)
|
|
99,000
|
94,895
|
|
5.88% 07/15/2036(h)
|
|
85,000
|
79,458
|
|
|
|
|
655,352
|
|
|
Principal
Amount
|
Value
|
|
|
Apparel, Accessories & Luxury Goods-0.00%
|
|||
|
Gildan Activewear, Inc. (Canada)
|
|
|
|
|
4.70% 10/07/2030(h)
|
$
|
4,000
|
$3,910
|
|
5.40% 10/07/2035(h)
|
|
1,000
|
961
|
|
|
|
|
4,871
|
|
Application Software-0.43%
|
|||
|
RD Michigan Property Owner I LLC, 7.50%,
03/30/2045(h)
|
|
489,000
|
474,316
|
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
3,000
|
2,972
|
|
4.45% 09/15/2030
|
|
2,350
|
2,303
|
|
5.10% 09/15/2035
|
|
1,640
|
1,565
|
|
Salesforce, Inc.
|
|
|
|
|
4.90% 09/15/2031
|
|
610,000
|
601,281
|
|
5.55% 03/15/2036
|
|
429,000
|
418,537
|
|
|
|
|
1,500,974
|
|
Asset Management & Custody Banks-0.08%
|
|||
|
Ameriprise Financial, Inc., 5.35%,
06/15/2036
|
|
29,000
|
28,397
|
|
Bank of New York Mellon Corp. (The)
|
|
|
|
|
4.33% (SOFR + 0.68%), 06/09/2028(e)
|
|
4,000
|
4,009
|
|
4.54% 04/23/2032(i)
|
|
23,000
|
22,542
|
|
5.09% 04/23/2037(i)
|
|
33,000
|
32,037
|
|
Blue Owl Capital Corp., 6.30%, 08/15/2031
|
|
61,000
|
60,241
|
|
Hercules Capital, Inc., 6.30%, 07/24/2031
|
|
44,000
|
43,453
|
|
Northern Trust Corp.
|
|
|
|
|
4.15% 11/19/2030
|
|
4,000
|
3,905
|
|
5.12% 11/19/2040(i)
|
|
2,000
|
1,917
|
|
State Street Corp., 4.78%, 10/23/2036(i)
|
|
3,000
|
2,858
|
|
Trinity Capital, Inc., 7.00%, 05/21/2031
|
|
81,000
|
81,385
|
|
Voya Global Funding, 4.60%, 11/24/2030(h)
|
|
10,400
|
10,181
|
|
|
|
|
290,925
|
|
Automobile Manufacturers-0.45%
|
|||
|
American Honda Finance Corp.
|
|
|
|
|
4.15% 01/08/2029
|
|
29,000
|
28,559
|
|
Series A, 4.55% 04/10/2028
|
|
29,000
|
28,944
|
|
Series A, 4.90% 04/10/2031
|
|
21,000
|
20,712
|
|
Daimler Truck Finance North America LLC
(Germany), 4.15%, 01/12/2029(h)
|
|
265,000
|
261,089
|
|
Honda Motor Co. Ltd. (Japan), 4.44%,
07/08/2028
|
|
4,000
|
3,978
|
|
Hyundai Capital America
|
|
|
|
|
4.88% 06/23/2027(h)
|
|
4,000
|
4,015
|
|
4.50% 06/16/2028(h)
|
|
370,000
|
367,899
|
|
4.75% 06/18/2029(h)
|
|
173,000
|
171,854
|
|
5.00% 06/18/2031(h)
|
|
79,000
|
78,131
|
|
5.25% 06/21/2033(h)
|
|
82,000
|
80,668
|
|
Mercedes-Benz Finance North America LLC
(Germany), 4.13%, 03/10/2028(h)
|
|
316,000
|
313,273
|
|
PACCAR Financial Corp., Series R, 3.90%,
02/05/2029
|
|
34,000
|
33,505
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
Series B, 4.05% 03/13/2029
|
|
49,000
|
48,340
|
|
Series B, 4.55% 05/14/2031
|
|
116,000
|
114,159
|
|
Series B, 4.60% 03/11/2033
|
|
20,000
|
19,346
|
|
|
|
|
1,574,472
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Parts & Equipment-0.39%
|
|||
|
BMW US Capital LLC (Germany)
|
|
|
|
|
4.15% 08/11/2027(h)
|
$
|
12,000
|
$11,970
|
|
4.30% 03/17/2028(h)
|
|
190,000
|
188,924
|
|
4.40% 03/19/2029(h)
|
|
89,000
|
88,052
|
|
4.50% 08/11/2030(h)
|
|
4,000
|
3,919
|
|
4.65% 03/19/2031(h)
|
|
61,000
|
59,676
|
|
5.00% 03/19/2033(h)
|
|
21,000
|
20,468
|
|
ERAC USA Finance LLC
|
|
|
|
|
4.50% 10/30/2029(h)
|
|
73,000
|
72,196
|
|
4.70% 04/30/2031(h)
|
|
901,000
|
889,692
|
|
5.25% 04/30/2036(h)
|
|
23,000
|
22,512
|
|
|
|
|
1,357,409
|
|
Brewers-0.01%
|
|||
|
Maple Parent Holdings Corp., 4.75%,
03/26/2029(h)
|
|
27,000
|
26,900
|
|
Broadline Retail-0.75%
|
|||
|
Amazon.com, Inc.
|
|
|
|
|
4.60% 07/09/2029
|
|
896,000
|
893,100
|
|
4.25% 03/13/2031
|
|
92,000
|
89,269
|
|
4.80% 07/09/2031
|
|
813,000
|
805,508
|
|
4.88% 03/13/2036
|
|
440,000
|
421,295
|
|
5.30% 07/09/2036
|
|
374,000
|
367,612
|
|
5.65% 03/13/2046
|
|
37,000
|
34,629
|
|
|
|
|
2,611,413
|
|
Building Products-0.04%
|
|||
|
CRH America Finance, Inc.
|
|
|
|
|
4.40% 02/09/2031
|
|
12,000
|
11,715
|
|
5.00% 02/09/2036
|
|
2,000
|
1,918
|
|
5.60% 02/09/2056
|
|
2,000
|
1,869
|
|
Rentokil Terminix Funding PLC (United
Kingdom), 4.63%, 04/23/2031(h)
|
|
139,000
|
135,205
|
|
|
|
|
150,707
|
|
Cable & Satellite-0.00%
|
|||
|
Charter Communications Operating LLC/
Charter Communications Operating Capital
Corp.
|
|
|
|
|
5.85% 12/01/2035
|
|
1,000
|
934
|
|
6.70% 12/01/2055(g)
|
|
2,000
|
1,767
|
|
|
|
|
2,701
|
|
Cargo Ground Transportation-0.22%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(h)
|
|
12,000
|
11,793
|
|
4.65% 03/15/2031(h)
|
|
7,300
|
7,110
|
|
4.95% 03/15/2033(h)
|
|
2,000
|
1,931
|
|
Penske Truck Leasing Co. L.P./PTL Finance
Corp., 4.55%, 01/15/2031(h)
|
|
10,000
|
9,808
|
|
Ryder System, Inc., 5.00%, 09/15/2031
|
|
752,000
|
747,577
|
|
|
|
|
778,219
|
|
Coal & Consumable Fuels-0.25%
|
|||
|
Rio Grande LNG LLC
|
|
|
|
|
5.25% 06/30/2031(h)
|
|
286,000
|
282,558
|
|
5.50% 01/30/2034(h)
|
|
168,000
|
164,351
|
|
5.75% 06/30/2036(h)
|
|
262,000
|
254,494
|
|
6.15% 06/30/2041(h)
|
|
170,000
|
164,566
|
|
|
|
|
865,969
|
|
|
Principal
Amount
|
Value
|
|
|
Commercial & Residential Mortgage Finance-0.13%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
4.25% 04/30/2029(h)
|
$
|
4,000
|
$3,924
|
|
4.80% 10/24/2030(h)
|
|
10,000
|
9,827
|
|
Nationwide Building Society (United
Kingdom), 5.05%, 07/14/2032(h)(i)
|
|
450,000
|
444,222
|
|
|
|
|
457,973
|
|
Computer & Electronics Retail-0.01%
|
|||
|
Leidos, Inc., 4.10%, 03/15/2029
|
|
22,000
|
21,574
|
|
Construction Machinery & Heavy Transportation Equipment-0.12%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
3.75% 02/23/2029
|
|
103,000
|
100,955
|
|
4.13% (SOFR + 0.49%), 02/23/2029(e)
|
|
51,000
|
50,981
|
|
Series L, 4.50% 05/15/2031
|
|
67,000
|
66,073
|
|
SMBC Aviation Capital Finance DAC (Ireland),
4.95%, 07/23/2029(h)
|
|
200,000
|
199,597
|
|
Westinghouse Air Brake Technologies Corp.
|
|
|
|
|
4.90% 05/29/2030
|
|
4,000
|
3,989
|
|
5.50% 05/29/2035
|
|
1,000
|
1,003
|
|
|
|
|
422,598
|
|
Consumer Finance-0.49%
|
|||
|
American Express Co.
|
|
|
|
|
4.73% 04/25/2029(i)
|
|
14,000
|
14,014
|
|
4.35% 07/20/2029(i)
|
|
16,000
|
15,911
|
|
4.48% (SOFR + 0.81%), 07/20/2029(e)
|
|
66,000
|
66,324
|
|
4.44% 05/03/2030(i)
|
|
956,000
|
946,655
|
|
4.92% 07/20/2033(i)
|
|
11,000
|
10,851
|
|
4.80% 10/24/2036(i)
|
|
5,000
|
4,740
|
|
Capital One Financial Corp.
|
|
|
|
|
4.49% 09/11/2031(i)
|
|
2,900
|
2,827
|
|
5.40% 01/30/2037(i)
|
|
573,000
|
554,633
|
|
General Motors Financial Co., Inc., 4.20%,
10/27/2028
|
|
67,000
|
66,193
|
|
Synchrony Financial, 5.02%, 07/29/2029(i)
|
|
4,000
|
3,990
|
|
|
|
|
1,686,138
|
|
Distillers & Vintners-0.00%
|
|||
|
Constellation Brands, Inc., 4.95%,
11/01/2035(g)
|
|
1,000
|
955
|
|
Distributors-0.01%
|
|||
|
Genuine Parts Co., 4.95%, 08/15/2029
|
|
20,000
|
19,871
|
|
Diversified Banks-8.04%
|
|||
|
Banco Bilbao Vizcaya Argentaria S.A.
(Spain), 4.97%, 05/08/2031
|
|
200,000
|
197,964
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
4.60% 04/15/2029
|
|
200,000
|
198,437
|
|
5.07% 11/06/2030
|
|
200,000
|
195,508
|
|
4.87% 04/15/2031
|
|
200,000
|
197,015
|
|
Bank of America Corp.
|
|
|
|
|
4.48% 04/23/2030(i)
|
|
851,000
|
841,812
|
|
4.46% 02/06/2032(i)
|
|
33,000
|
32,115
|
|
4.70% 04/23/2032(i)
|
|
521,000
|
511,386
|
|
5.49% 04/23/2037(i)
|
|
47,000
|
45,806
|
|
Series N, 4.55% (SOFR + 0.87%),
02/06/2032(e)
|
|
42,000
|
41,889
|
|
Series RR, 4.38% (i)(j)
|
|
61,000
|
60,660
|
|
Bank of Montreal (Canada), Series J, 4.34%,
03/19/2030(g)(i)
|
|
35,000
|
34,603
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
4.58% 06/05/2029(i)
|
$
|
255,000
|
$253,938
|
|
4.90% 06/05/2032(i)
|
|
146,000
|
144,145
|
|
8.63% 10/27/2082(i)
|
|
207,000
|
214,444
|
|
Banque Federative du Credit Mutuel S.A.
(France), 5.15%, 07/09/2032(h)(i)
|
|
574,000
|
566,685
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
4.22% 05/24/2030(i)
|
|
756,000
|
739,439
|
|
4.57% (SOFR + 0.93%), 05/24/2030(e)
|
|
200,000
|
200,080
|
|
4.91% 06/26/2030(i)
|
|
244,000
|
242,737
|
|
4.52% 02/24/2032(i)
|
|
201,000
|
194,372
|
|
5.10% 06/26/2032(i)
|
|
202,000
|
199,472
|
|
BNP Paribas S.A. (France), 7.20%(h)(i)(j)
|
|
206,000
|
204,629
|
|
Canadian Imperial Bank of Commerce
(Canada), 6.75%, 01/28/2087(i)
|
|
1,002,000
|
988,395
|
|
Citigroup, Inc.
|
|
|
|
|
4.50% 09/11/2031(i)
|
|
8,300
|
8,112
|
|
6.63% (i)(j)
|
|
324,200
|
325,887
|
|
Series JJ, 6.50% (i)(j)
|
|
278,000
|
277,697
|
|
Cooperatieve Rabobank U.A. (Netherlands),
3.96%, 10/17/2028
|
|
695,000
|
687,618
|
|
Credit Agricole S.A. (France), 5.19%,
08/01/2032(h)(i)
|
|
440,000
|
437,007
|
|
Danske Bank A/S (Denmark)
|
|
|
|
|
4.66% 03/27/2029(h)(i)
|
|
200,000
|
199,913
|
|
5.00% 03/27/2032(h)(i)
|
|
200,000
|
198,089
|
|
Depository Trust Co. (The), 4.30%,
03/27/2029(h)
|
|
262,000
|
259,784
|
|
Federation des Caisses Desjardins du Quebec
(Canada), 5.02%, 05/27/2031(h)
|
|
299,000
|
298,016
|
|
Fifth Third Bancorp, 4.57%, 04/29/2032(i)
|
|
16,000
|
15,552
|
|
Goldman Sachs Bank USA, 4.66%,
06/03/2029(i)
|
|
1,145,000
|
1,142,214
|
|
HSBC Holdings PLC (United Kingdom)
|
|
|
|
|
4.40% 03/10/2030(i)
|
|
203,000
|
200,205
|
|
4.71% 05/12/2030(i)
|
|
1,055,000
|
1,046,280
|
|
4.68% 03/10/2032(i)
|
|
201,000
|
196,300
|
|
6.75% (i)(j)
|
|
207,000
|
208,235
|
|
7.00% (i)(j)
|
|
202,000
|
205,439
|
|
Series 1, 6.75% (i)(j)
|
|
200,000
|
198,607
|
|
ING Bank N.V. (Netherlands), 4.56%,
07/07/2029(h)
|
|
496,000
|
494,023
|
|
Intesa Sanpaolo S.p.A. (Italy), 5.20%,
06/29/2032(h)(i)
|
|
250,000
|
247,316
|
|
JPMorgan Chase & Co.
|
|
|
|
|
4.41% 04/23/2030(i)
|
|
81,000
|
79,922
|
|
4.86% 07/23/2030(i)
|
|
396,000
|
395,220
|
|
5.10% 04/22/2031(i)
|
|
14,000
|
14,042
|
|
4.26% 10/22/2031(i)
|
|
8,000
|
7,750
|
|
4.35% 01/22/2032(i)
|
|
530,000
|
513,845
|
|
4.62% 04/23/2032(i)
|
|
67,000
|
65,563
|
|
5.04% 07/23/2032(i)
|
|
217,000
|
216,100
|
|
5.72% 09/14/2033(i)
|
|
2,500
|
2,547
|
|
4.81% 10/22/2036(i)
|
|
2,700
|
2,564
|
|
4.90% 01/22/2037(i)
|
|
5,000
|
4,773
|
|
5.15% 04/23/2037(i)
|
|
593,000
|
575,227
|
|
5.80% 07/23/2041(i)
|
|
330,000
|
326,789
|
|
Series 1, 4.52% (SOFR + 0.85%),
07/23/2030(e)(g)
|
|
540,000
|
540,913
|
|
Series PP, 6.10% (i)(j)
|
|
210,000
|
209,250
|
|
KeyCorp, 5.31%, 01/28/2037(i)
|
|
3,000
|
2,905
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Lloyds Banking Group PLC (United Kingdom)
|
|
|
|
|
4.43% 11/04/2031(i)
|
$
|
211,000
|
$205,386
|
|
6.63% (g)(i)(j)
|
|
200,000
|
196,728
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
4.16% (SOFR + 0.48%),
02/03/2028(e)(g)(h)
|
|
30,000
|
30,042
|
|
5.82% 06/10/2037(h)(i)
|
|
340,000
|
332,762
|
|
Mitsubishi Ufj Financial Group, Inc. (Japan)
|
|
|
|
|
4.59% 04/18/2030(i)
|
|
200,000
|
198,374
|
|
4.98% 07/24/2030(i)
|
|
216,000
|
216,223
|
|
4.85% 04/21/2032(i)
|
|
144,000
|
141,924
|
|
5.19% 07/23/2032(i)
|
|
207,000
|
206,716
|
|
5.33% 04/21/2037(i)
|
|
304,000
|
296,994
|
|
5.87% 04/21/2047(i)
|
|
249,000
|
242,122
|
|
6.05% 07/24/2047(i)
|
|
211,000
|
209,446
|
|
Mizuho Bank Ltd. (Japan)
|
|
|
|
|
5.19% 04/16/2036(h)
|
|
200,000
|
195,537
|
|
5.77% 04/16/2046(h)
|
|
284,000
|
273,266
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
4.78% 07/13/2030(i)
|
|
890,000
|
884,869
|
|
4.71% 07/08/2031(i)
|
|
547,000
|
539,409
|
|
4.91% (SOFR + 1.25%), 07/08/2031(e)(g)
|
|
358,000
|
362,549
|
|
4.97% 07/13/2032(i)
|
|
537,000
|
530,731
|
|
5.82% 07/13/2047(i)
|
|
1,021,000
|
977,943
|
|
Morgan Stanley Bank N.A., 4.61% (SOFR +
0.98%), 05/10/2030(e)
|
|
494,000
|
496,818
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.47% 07/06/2028(i)
|
|
615,000
|
614,147
|
|
4.21% 02/08/2030(i)
|
|
250,000
|
245,815
|
|
4.40% (SOFR + 0.77%), 02/08/2030(e)
|
|
550,000
|
548,517
|
|
Pinnacle Bank, 5.96%, 01/15/2036(i)
|
|
88,600
|
87,312
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
|
4.08% 01/26/2029(i)
|
|
14,000
|
13,870
|
|
4.30% (SOFR + 0.62%), 01/26/2029(e)
|
|
27,000
|
26,988
|
|
4.36% (SOFR + 0.68%), 10/26/2029(e)
|
|
262,000
|
261,821
|
|
4.62% 10/26/2029(i)
|
|
208,000
|
207,357
|
|
5.37% 07/21/2036(i)
|
|
3,000
|
2,966
|
|
5.42% 01/25/2041(i)
|
|
4,000
|
3,836
|
|
Royal Bank of Canada (Canada), 6.50%,
05/24/2086(i)
|
|
319,000
|
312,946
|
|
Societe Generale S.A. (France), 4.86%,
07/07/2029(h)(i)
|
|
444,000
|
442,337
|
|
Standard Chartered PLC (United Kingdom),
4.58% (SOFR + 0.92%), 01/13/2030(e)(h)
|
|
579,000
|
580,167
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan)
|
|
|
|
|
4.93% 07/07/2032(i)
|
|
237,000
|
234,214
|
|
5.14% 07/07/2034(i)
|
|
216,000
|
212,324
|
|
5.33% 03/03/2041(i)
|
|
17,000
|
16,239
|
|
5.75% 07/07/2047(i)
|
|
209,000
|
200,227
|
|
Toronto-Dominion Bank (The) (Canada),
4.93%, 10/15/2035
|
|
1,000
|
960
|
|
Truist Bank, 4.44% (SOFR + 0.77%),
07/24/2028(e)
|
|
500,000
|
500,644
|
|
U.S. Bancorp, 4.48%, 01/26/2032(i)
|
|
17,500
|
17,061
|
|
UBS AG (Switzerland)
|
|
|
|
|
4.13% (SOFR + 0.50%), 05/17/2027(e)
|
|
270,000
|
269,820
|
|
4.30% 03/16/2029(i)
|
|
316,000
|
314,347
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Wells Fargo & Co.
|
|
|
|
|
4.58% 05/20/2029(i)
|
$
|
203,000
|
$202,344
|
|
4.18% 01/23/2030(i)
|
|
11,000
|
10,824
|
|
5.15% 04/23/2031(i)
|
|
6,000
|
6,026
|
|
4.84% 05/20/2032(i)
|
|
70,000
|
69,065
|
|
5.39% 04/24/2034(i)
|
|
4,000
|
4,002
|
|
4.96% 01/23/2037(i)
|
|
8,000
|
7,636
|
|
5.43% 01/23/2047(i)
|
|
5,000
|
4,608
|
|
Series GG, 6.13% (i)(j)
|
|
83,000
|
82,996
|
|
Westpac Banking Corp. (Australia), 4.48%
(SOFR + 0.82%), 07/01/2030(e)
|
|
4,000
|
4,036
|
|
|
|
|
27,952,526
|
|
Diversified Capital Markets-0.46%
|
|||
|
Deutsche Bank AG (Germany), 4.47%,
12/10/2031(i)
|
|
211,200
|
205,942
|
|
UBS Group AG (Switzerland)
|
|
|
|
|
4.21% 04/10/2030(h)(i)
|
|
334,000
|
327,623
|
|
4.88% (h)(i)(j)
|
|
628,000
|
627,642
|
|
6.88% (h)(i)(j)
|
|
446,000
|
442,824
|
|
|
|
|
1,604,031
|
|
Diversified Financial Services-2.12%
|
|||
|
Aircastle Ltd./Aircastle Ireland DAC
|
|
|
|
|
5.00% 09/15/2030(h)
|
|
479,000
|
473,828
|
|
5.00% 05/15/2031(h)
|
|
104,000
|
102,271
|
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
4.20% 04/15/2029(h)
|
|
19,000
|
18,582
|
|
4.70% 01/30/2031(h)
|
|
860,200
|
838,037
|
|
4.95% 10/15/2032(h)
|
|
16,000
|
15,447
|
|
Citadel Finance LLC
|
|
|
|
|
4.75% 02/14/2029(h)
|
|
1,006,000
|
986,622
|
|
5.15% 02/14/2031(h)
|
|
1,113,000
|
1,082,717
|
|
Citadel Securities Global Holdings LLC
|
|
|
|
|
5.13% 01/27/2032(h)
|
|
176,000
|
172,268
|
|
6.20% 06/18/2035(h)
|
|
314,000
|
315,971
|
|
5.75% 03/27/2036(h)
|
|
335,000
|
326,460
|
|
GABX Leasing LLC, 4.63%, 04/15/2031(h)
|
|
37,000
|
36,130
|
|
HUT 8 DC LLC, 6.19%, 11/15/2042(h)
|
|
12,000
|
11,675
|
|
Jackson Financial, Inc., 6.15%, 01/15/2037
|
|
670,000
|
655,201
|
|
LPL Holdings, Inc., 5.15%, 06/15/2030
|
|
11,000
|
10,968
|
|
LSEG US Fin Corp. (United Kingdom)
|
|
|
|
|
4.25% 03/23/2029(h)
|
|
345,000
|
340,269
|
|
4.50% 03/23/2031(h)
|
|
210,000
|
205,006
|
|
5.25% 03/23/2036(h)
|
|
200,000
|
194,961
|
|
Mitsubishi HC Finance America LLC (Japan),
5.20%, 07/21/2031(h)
|
|
473,000
|
470,218
|
|
Pershing Square Holdings Ltd., 5.50%,
10/28/2032(h)
|
|
1,118,000
|
1,095,968
|
|
|
|
|
7,352,599
|
|
Diversified Metals & Mining-0.26%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
5.75%, 09/05/2055
|
|
1,500
|
1,447
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
5.19% 04/01/2030(h)
|
|
4,000
|
4,013
|
|
4.90% 07/01/2031(h)
|
|
866,000
|
856,772
|
|
5.20% 07/01/2033(h)
|
|
25,000
|
24,644
|
|
Rio Tinto Finance (USA) PLC (Australia),
5.75%, 03/14/2055
|
|
1,000
|
963
|
|
|
|
|
887,839
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified REITs-0.00%
|
|||
|
ERP Operating L.P., 4.95%, 06/15/2032
|
$
|
4,000
|
$3,976
|
|
Diversified Support Services-0.02%
|
|||
|
Element Fleet Management Corp. (Canada),
4.80%, 05/29/2029(h)
|
|
85,000
|
84,500
|
|
Electric Utilities-2.93%
|
|||
|
AEP Texas, Inc., 5.70%, 05/15/2034
|
|
1,000
|
1,012
|
|
Alabama Power Co., Series C, 4.30%,
03/15/2031
|
|
28,500
|
27,818
|
|
American Electric Power Co., Inc.
|
|
|
|
|
Series C, 5.80% 03/15/2056(i)
|
|
47,600
|
46,775
|
|
Series D, 6.05% 03/15/2056(i)
|
|
3,000
|
2,949
|
|
Arizona Public Service Co., 5.90%,
08/15/2055
|
|
2,400
|
2,291
|
|
Chpe LLC
|
|
|
|
|
4.88% 06/30/2031(h)
|
|
112,000
|
110,412
|
|
5.10% 06/30/2033(h)
|
|
20,000
|
19,683
|
|
5.35% 06/30/2036(h)
|
|
66,000
|
64,323
|
|
5.88% 06/29/2046(h)
|
|
66,000
|
63,654
|
|
Consolidated Edison Co. of New York, Inc.,
5.75%, 11/15/2055
|
|
2,000
|
1,877
|
|
Constellation Energy Generation LLC
|
|
|
|
|
3.90% 01/08/2028
|
|
35,000
|
34,700
|
|
4.55% 06/01/2029
|
|
981,000
|
973,613
|
|
4.80% 01/15/2032
|
|
589,000
|
577,687
|
|
5.30% 06/01/2036
|
|
59,000
|
57,350
|
|
5.88% 01/15/2066
|
|
500
|
462
|
|
Duke Energy Carolinas LLC
|
|
|
|
|
5.15% 06/15/2036
|
|
432,000
|
422,189
|
|
5.75% 06/15/2056
|
|
133,000
|
126,108
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
4,800
|
4,675
|
|
Edison International, 5.00%, 05/05/2028
|
|
20,000
|
20,015
|
|
Electricite de France S.A. (France)
|
|
|
|
|
5.25% 04/22/2036(h)
|
|
422,000
|
406,795
|
|
6.13% 04/22/2056(h)
|
|
442,000
|
417,022
|
|
6.25% 04/22/2066(h)
|
|
219,000
|
205,044
|
|
Emera US Finance LLC
|
|
|
|
|
4.50% 04/01/2029
|
|
43,000
|
42,552
|
|
5.20% 04/01/2033
|
|
6,000
|
5,885
|
|
ENEL Finance International N.V. (Italy)
|
|
|
|
|
4.63% 07/13/2029(h)
|
|
774,000
|
768,183
|
|
4.88% 07/13/2031(h)
|
|
791,000
|
778,913
|
|
5.38% 07/13/2036(h)
|
|
287,000
|
278,023
|
|
Entergy Corp., 5.88%, 06/15/2056(i)
|
|
4,000
|
3,957
|
|
Evergy Metro, Inc., 5.13%, 08/15/2035
|
|
1,000
|
975
|
|
Evergy Missouri West, Inc., 5.25%,
12/15/2035(h)
|
|
1,000
|
977
|
|
Evergy, Inc., 4.25%, 03/15/2029
|
|
5,000
|
4,931
|
|
Exelon Corp., 5.45%, 03/15/2034
|
|
1,000
|
1,003
|
|
FirstEnergy Pennsylvania Electric Co.,
4.15%, 03/15/2028(h)
|
|
92,000
|
91,409
|
|
Florida Power & Light Co.
|
|
|
|
|
4.70% 02/15/2036
|
|
2,000
|
1,895
|
|
5.13% 06/01/2036
|
|
40,000
|
39,180
|
|
5.75% 06/01/2056
|
|
36,000
|
34,371
|
|
5.60% 02/15/2066
|
|
2,000
|
1,816
|
|
5.90% 06/01/2066
|
|
45,000
|
42,893
|
|
Indiana Michigan Power Co., 5.60%,
03/15/2056
|
|
4,000
|
3,688
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
ITC Holdings Corp.
|
|
|
|
|
4.88% 04/15/2031(h)
|
$
|
35,000
|
$34,623
|
|
5.50% 04/15/2036(h)
|
|
6,000
|
5,932
|
|
Louisville Gas and Electric Co., 5.85%,
08/15/2055
|
|
2,000
|
1,916
|
|
Monongahela Power Co., 4.45%,
08/15/2029(h)
|
|
29,000
|
28,732
|
|
National Rural Utilities Cooperative Finance
Corp.
|
|
|
|
|
4.40% 05/11/2029
|
|
85,000
|
84,298
|
|
5.00% 08/15/2034
|
|
52,000
|
51,293
|
|
5.75% 04/20/2056
|
|
358,000
|
353,392
|
|
Series D, 4.06% (SOFR + 0.43%),
08/09/2027(e)
|
|
223,000
|
223,170
|
|
Series D, 4.15% 08/25/2028
|
|
112,000
|
110,958
|
|
Series D, 4.05% 02/09/2029
|
|
135,000
|
132,914
|
|
NextEra Energy Capital Holdings, Inc.,
4.69%, 09/01/2027
|
|
25,000
|
25,045
|
|
Niagara Mohawk Power Corp., 4.65%,
10/03/2030(h)
|
|
4,000
|
3,941
|
|
NRG Energy, Inc.
|
|
|
|
|
4.73% 10/15/2030(h)
|
|
36,000
|
35,164
|
|
4.96% 04/30/2031(h)
|
|
16,000
|
15,651
|
|
5.41% 10/15/2035(h)
|
|
2,000
|
1,916
|
|
Pacific Gas and Electric Co.
|
|
|
|
|
6.10% 01/15/2029
|
|
10,000
|
10,264
|
|
5.05% 11/15/2031
|
|
602,000
|
595,837
|
|
5.25% 02/01/2032
|
|
563,000
|
561,391
|
|
5.20% 05/01/2036
|
|
4,000
|
3,809
|
|
5.60% 08/15/2036
|
|
681,000
|
668,248
|
|
5.85% 11/01/2036
|
|
396,000
|
395,519
|
|
6.00% 05/01/2056
|
|
103,000
|
94,887
|
|
6.30% 08/15/2056
|
|
104,000
|
99,753
|
|
PPL Electric Utilities Corp., 5.55%,
08/15/2055
|
|
3,000
|
2,788
|
|
Southern Co. (The), 6.00%, 04/01/2058(i)
|
|
38,000
|
37,636
|
|
Southwestern Electric Power Co., 5.20%,
04/01/2036
|
|
6,000
|
5,801
|
|
Union Electric Co., 5.25%, 04/15/2035
|
|
1,000
|
991
|
|
Virginia Electric & Power Co.
|
|
|
|
|
Series C, 4.90% 09/15/2035
|
|
3,000
|
2,870
|
|
Series D, 5.60% 09/15/2055
|
|
2,000
|
1,838
|
|
Vistra Operations Co. LLC
|
|
|
|
|
4.30% 10/15/2028(h)
|
|
859,000
|
848,520
|
|
4.60% 10/15/2030(h)
|
|
7,000
|
6,816
|
|
4.70% 01/31/2031(h)
|
|
4,000
|
3,901
|
|
5.35% 01/31/2036(h)
|
|
2,500
|
2,394
|
|
Wisconsin Electric Power Co., 3.95%,
03/01/2029
|
|
17,000
|
16,749
|
|
Wisconsin Public Service Corp., 4.25%,
01/15/2031
|
|
17,000
|
16,604
|
|
|
|
|
10,172,666
|
|
Electrical Components & Equipment-0.65%
|
|||
|
Hubbell, Inc.
|
|
|
|
|
4.65% 06/15/2031
|
|
908,000
|
895,535
|
|
4.90% 06/15/2033
|
|
115,000
|
112,296
|
|
5.15% 06/15/2036
|
|
28,000
|
27,224
|
|
Molex Electronic Technologies LLC
|
|
|
|
|
4.75% 04/30/2028(h)
|
|
4,000
|
4,012
|
|
5.25% 04/30/2032(h)
|
|
2,000
|
2,002
|
|
|
Principal
Amount
|
Value
|
|
|
Electrical Components & Equipment-(continued)
|
|||
|
Vertiv Holdings Co.
|
|
|
|
|
4.85% 03/15/2036
|
$
|
387,000
|
$364,608
|
|
5.65% 03/15/2046
|
|
578,000
|
533,859
|
|
5.80% 03/15/2056
|
|
330,000
|
303,859
|
|
5.95% 03/15/2066
|
|
18,000
|
16,507
|
|
|
|
|
2,259,902
|
|
Electronic Components-0.01%
|
|||
|
Amphenol Corp.
|
|
|
|
|
4.13% 11/15/2030
|
|
6,000
|
5,833
|
|
4.40% 02/15/2033
|
|
8,000
|
7,676
|
|
Tyco Electronics Group S.A. (Switzerland)
|
|
|
|
|
4.50% 02/09/2031
|
|
11,000
|
10,840
|
|
4.88% 02/09/2036
|
|
6,000
|
5,750
|
|
|
|
|
30,099
|
|
Electronic Manufacturing Services-0.00%
|
|||
|
Jabil, Inc., 4.75%, 02/01/2033
|
|
5,000
|
4,801
|
|
Environmental & Facilities Services-0.03%
|
|||
|
Veralto Corp., 4.85%, 01/15/2032
|
|
97,000
|
95,881
|
|
Waste Connections, Inc., 4.80%,
07/15/2036
|
|
20,000
|
19,119
|
|
|
|
|
115,000
|
|
Fertilizers & Agricultural Chemicals-0.06%
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
|
41,000
|
40,524
|
|
4.60% 11/15/2030
|
|
7,000
|
6,880
|
|
Nutrien Ltd. (Canada)
|
|
|
|
|
4.85% 05/29/2031
|
|
125,000
|
124,106
|
|
5.35% 05/29/2036
|
|
48,000
|
46,992
|
|
|
|
|
218,502
|
|
Financial Exchanges & Data-0.02%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
30,000
|
29,571
|
|
4.20% 03/15/2031
|
|
27,000
|
26,129
|
|
MSCI, Inc., 5.25%, 09/01/2035
|
|
2,000
|
1,920
|
|
Nasdaq, Inc.
|
|
|
|
|
5.35% 06/28/2028
|
|
3,000
|
3,037
|
|
5.95% 08/15/2053
|
|
2,000
|
1,930
|
|
|
|
|
62,587
|
|
Food Distributors-0.01%
|
|||
|
Bunge Ltd. Finance Corp.
|
|
|
|
|
4.55% 08/04/2030
|
|
35,000
|
34,534
|
|
5.15% 08/04/2035
|
|
1,000
|
977
|
|
|
|
|
35,511
|
|
Food Retail-0.00%
|
|||
|
Alimentation Couche-Tard, Inc. (Canada),
5.08%, 09/29/2035(h)
|
|
3,000
|
2,900
|
|
Forest Products-0.02%
|
|||
|
Georgia-Pacific LLC
|
|
|
|
|
4.40% 06/30/2028(h)
|
|
4,000
|
3,984
|
|
4.60% 05/15/2031(h)
|
|
56,000
|
55,029
|
|
4.95% 06/30/2032(h)
|
|
2,000
|
1,987
|
|
4.90% 05/15/2033(h)
|
|
18,000
|
17,691
|
|
|
|
|
78,691
|
|
Gas Utilities-0.04%
|
|||
|
Atmos Energy Corp., 5.20%, 08/15/2035(g)
|
|
1,000
|
992
|
|
|
Principal
Amount
|
Value
|
|
|
Gas Utilities-(continued)
|
|||
|
Southern California Gas Co., 5.90%,
06/01/2056
|
$
|
133,000
|
$126,115
|
|
Southern Natural Gas Co. L.L.C., 5.45%,
08/01/2035(h)
|
|
2,000
|
1,994
|
|
|
|
|
129,101
|
|
Health Care Distributors-0.01%
|
|||
|
Cardinal Health, Inc.
|
|
|
|
|
4.50% 09/15/2030
|
|
2,600
|
2,558
|
|
5.15% 09/15/2035
|
|
1,900
|
1,857
|
|
Cencora, Inc.
|
|
|
|
|
3.95% 02/13/2029
|
|
15,000
|
14,726
|
|
4.25% 11/15/2030
|
|
10,000
|
9,722
|
|
McKesson Corp.
|
|
|
|
|
4.65% 05/30/2030
|
|
7,000
|
6,960
|
|
4.95% 05/30/2032
|
|
2,000
|
1,996
|
|
|
|
|
37,819
|
|
Health Care Equipment-0.05%
|
|||
|
Abbott Laboratories
|
|
|
|
|
3.70% 03/09/2029
|
|
42,000
|
41,050
|
|
5.50% 03/15/2056
|
|
50,000
|
46,630
|
|
5.60% 03/15/2066
|
|
13,000
|
12,089
|
|
Augusta SpinCo Corp.
|
|
|
|
|
4.40% 03/23/2029
|
|
57,000
|
56,414
|
|
4.66% 03/23/2031
|
|
24,000
|
23,614
|
|
4.95% 03/23/2033
|
|
6,000
|
5,891
|
|
GE HealthCare Technologies, Inc., 4.80%,
01/15/2031
|
|
4,000
|
3,971
|
|
|
|
|
189,659
|
|
Health Care Facilities-0.01%
|
|||
|
Ascension Health
|
|
|
|
|
Series 2025, 4.29% 11/15/2030
|
|
14,000
|
13,678
|
|
Series 2025, 4.92% 11/15/2035
|
|
4,000
|
3,876
|
|
|
|
|
17,554
|
|
Health Care REITs-0.00%
|
|||
|
National Health Investors, Inc., 5.35%,
02/01/2033
|
|
2,000
|
1,961
|
|
Omega Healthcare Investors, Inc., 5.20%,
07/01/2030
|
|
4,000
|
3,979
|
|
Ventas Realty L.P., 5.00%, 02/15/2036(g)
|
|
1,200
|
1,154
|
|
|
|
|
7,094
|
|
Health Care Services-0.01%
|
|||
|
Cigna Group (The), 4.50%, 09/15/2030
|
|
11,400
|
11,236
|
|
CommonSpirit Health
|
|
|
|
|
4.35% 09/01/2030
|
|
11,000
|
10,690
|
|
4.83% 09/01/2035
|
|
4,000
|
3,826
|
|
5.58% 09/01/2045
|
|
3,000
|
2,803
|
|
5.66% 09/01/2055
|
|
2,000
|
1,851
|
|
Series 2025, 4.98% 09/01/2035
|
|
4,000
|
3,811
|
|
CVS Health Corp.
|
|
|
|
|
5.00% 09/15/2032
|
|
1,000
|
991
|
|
5.45% 09/15/2035
|
|
3,000
|
2,970
|
|
6.20% 09/15/2055
|
|
2,000
|
1,949
|
|
HCA, Inc.
|
|
|
|
|
4.30% 11/15/2030
|
|
3,000
|
2,909
|
|
5.45% 09/15/2034
|
|
2,000
|
1,987
|
|
|
|
|
45,023
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Supplies-0.05%
|
|||
|
Medline Borrower L.P./Medline Co-Issuer,
Inc., 5.00%, 06/15/2031(h)
|
$
|
170,000
|
$167,763
|
|
Solventum Corp., 5.45%, 02/25/2027
|
|
4,000
|
4,019
|
|
|
|
|
171,782
|
|
Heavy Electrical Equipment-0.23%
|
|||
|
GE Vernova, Inc.
|
|
|
|
|
4.25% 02/04/2031
|
|
406,000
|
396,044
|
|
4.88% 02/04/2036
|
|
424,000
|
407,608
|
|
5.50% 02/04/2056
|
|
5,000
|
4,614
|
|
|
|
|
808,266
|
|
Highways & Railtracks-0.00%
|
|||
|
Burlington Northern Santa Fe LLC
|
|
|
|
|
5.55% 03/15/2056
|
|
2,400
|
2,240
|
|
5.80% 03/15/2056
|
|
1,000
|
969
|
|
|
|
|
3,209
|
|
Home Improvement Retail-0.02%
|
|||
|
Home Depot, Inc. (The)
|
|
|
|
|
3.75% 09/15/2028
|
|
35,000
|
34,561
|
|
3.95% 09/15/2030
|
|
20,000
|
19,422
|
|
4.65% 09/15/2035
|
|
5,000
|
4,786
|
|
|
|
|
58,769
|
|
Homebuilding-0.00%
|
|||
|
Toll Brothers Finance Corp., 5.60%,
06/15/2035
|
|
1,000
|
997
|
|
Hotel & Resort REITs-0.00%
|
|||
|
Phillips Edison Grocery Center Operating
Partnership I L.P.
|
|
|
|
|
5.25% 08/15/2032
|
|
4,000
|
3,993
|
|
4.75% 03/15/2033
|
|
6,000
|
5,786
|
|
|
|
|
9,779
|
|
Hotels, Resorts & Cruise Lines-0.04%
|
|||
|
Airbnb, Inc.
|
|
|
|
|
4.40% 03/16/2029
|
|
14,000
|
13,887
|
|
4.65% 03/16/2031
|
|
12,000
|
11,834
|
|
5.25% 03/16/2036
|
|
3,000
|
2,925
|
|
Expedia Group, Inc., 5.50%, 04/15/2036
|
|
33,000
|
32,022
|
|
Marriott International, Inc., 4.20%,
07/15/2027
|
|
4,000
|
3,990
|
|
VOC Escrow Ltd., 5.00%, 02/15/2028(h)
|
|
68,000
|
67,819
|
|
|
|
|
132,477
|
|
Independent Power Producers & Energy Traders-0.02%
|
|||
|
AES Corp. (The)
|
|
|
|
|
5.20% 07/15/2029
|
|
48,000
|
48,043
|
|
5.75% 07/15/2033
|
|
33,000
|
32,703
|
|
|
|
|
80,746
|
|
Industrial Conglomerates-0.39%
|
|||
|
Eaton Corp.
|
|
|
|
|
3.85% 03/06/2028
|
|
629,000
|
622,280
|
|
3.95% 03/06/2029
|
|
200,000
|
196,566
|
|
5.45% 03/06/2056
|
|
200,000
|
185,840
|
|
Siemens Funding B.V. (Germany), 4.90%,
05/28/2032(h)
|
|
353,000
|
353,729
|
|
|
|
|
1,358,415
|
|
Industrial Machinery & Supplies & Components-0.02%
|
|||
|
Flowserve Corp., 5.70%, 05/15/2036
|
|
4,000
|
3,913
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Machinery & Supplies & Components-(continued)
|
|||
|
Xylem, Inc.
|
|
|
|
|
5.20% 06/01/2033
|
$
|
40,000
|
$40,069
|
|
5.45% 06/01/2036
|
|
17,000
|
17,011
|
|
|
|
|
60,993
|
|
Insurance Brokers-0.01%
|
|||
|
Marsh & McLennan Cos., Inc., 4.95%,
03/15/2036
|
|
13,000
|
12,529
|
|
Willis North America, Inc.
|
|
|
|
|
4.55% 03/15/2031
|
|
11,000
|
10,702
|
|
5.15% 03/15/2036
|
|
4,800
|
4,605
|
|
|
|
|
27,836
|
|
Integrated Oil & Gas-0.10%
|
|||
|
Eni S.p.A. (Italy), 5.25%, 05/18/2036(h)
|
|
357,000
|
344,660
|
|
Occidental Petroleum Corp., 4.40%,
04/15/2046
|
|
2,000
|
1,604
|
|
|
|
|
346,264
|
|
Integrated Telecommunication Services-0.37%
|
|||
|
AT&T, Inc.
|
|
|
|
|
6.05% 08/15/2056
|
|
1,000
|
906
|
|
6.20% 10/30/2056
|
|
35,000
|
32,426
|
|
6.30% 10/30/2066
|
|
24,000
|
22,121
|
|
Grupo Televisa S.A.B. (Mexico), 4.81%,
06/01/2031(h)
|
|
148,000
|
146,482
|
|
NTT Finance Corp. (Japan), 5.50%,
07/16/2035(h)
|
|
251,000
|
248,757
|
|
Orange S.A. (France), 4.00%,
01/13/2029(h)
|
|
389,000
|
382,064
|
|
QTS Fayetteville I Dc1-2 LLC/QTS TRS
Fayetteville I DC1-2 LLC, 5.70%,
04/15/2036(h)
|
|
163,000
|
149,157
|
|
TELUS Corp. (Canada)
|
|
|
|
|
6.38% 06/09/2056(i)
|
|
133,600
|
131,970
|
|
6.63% 06/09/2056(i)
|
|
12,800
|
12,512
|
|
Verizon Communications, Inc.
|
|
|
|
|
5.25% 04/02/2035
|
|
6,000
|
5,852
|
|
5.00% 01/15/2036
|
|
2,000
|
1,898
|
|
5.75% 11/30/2045
|
|
4,000
|
3,698
|
|
6.20% 05/14/2056(i)
|
|
79,000
|
77,350
|
|
6.05% 05/14/2058(i)
|
|
79,000
|
77,722
|
|
6.00% 11/30/2065
|
|
1,800
|
1,636
|
|
|
|
|
1,294,551
|
|
Interactive Media & Services-0.34%
|
|||
|
Alphabet, Inc.
|
|
|
|
|
4.10% 02/15/2031
|
|
877,000
|
850,416
|
|
4.38% 11/15/2032
|
|
1,000
|
967
|
|
4.40% 02/15/2033
|
|
30,000
|
28,786
|
|
4.70% 11/15/2035
|
|
2,000
|
1,905
|
|
4.80% 02/15/2036
|
|
8,000
|
7,679
|
|
5.35% 11/15/2045
|
|
3,000
|
2,743
|
|
5.45% 11/15/2055
|
|
3,000
|
2,668
|
|
5.30% 05/15/2065
|
|
2,000
|
1,696
|
|
|
Principal
Amount
|
Value
|
|
|
Interactive Media & Services-(continued)
|
|||
|
Meta Platforms, Inc.
|
|
|
|
|
4.88% 05/15/2033
|
$
|
77,000
|
$74,723
|
|
4.88% 11/15/2035
|
|
5,400
|
5,068
|
|
5.25% 05/15/2036(g)
|
|
40,000
|
38,368
|
|
6.20% 05/15/2046
|
|
43,000
|
40,382
|
|
5.63% 11/15/2055
|
|
4,000
|
3,349
|
|
6.30% 05/15/2056
|
|
42,000
|
38,581
|
|
5.75% 11/15/2065
|
|
5,000
|
4,127
|
|
6.45% 05/15/2066
|
|
93,000
|
85,280
|
|
|
|
|
1,186,738
|
|
Internet Services & Infrastructure-0.41%
|
|||
|
Beignet Investor LLC, 6.58%,
05/30/2049(h)
|
|
1,463,000
|
1,419,467
|
|
Investment Banking & Brokerage-1.36%
|
|||
|
Charles Schwab Corp. (The)
|
|
|
|
|
4.74% 05/21/2030(i)
|
|
146,000
|
145,692
|
|
4.34% 11/14/2031(i)
|
|
21,000
|
20,493
|
|
4.91% 11/14/2036(i)
|
|
4,000
|
3,824
|
|
5.49% 05/21/2037(i)
|
|
67,000
|
66,594
|
|
Series L, 6.10% (i)(j)
|
|
80,000
|
78,953
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.15% 01/21/2029(i)
|
|
42,000
|
41,610
|
|
4.59% 04/20/2030(i)
|
|
38,000
|
37,597
|
|
5.73% 04/25/2030(i)
|
|
7,000
|
7,127
|
|
4.37% 10/21/2031(i)
|
|
17,400
|
16,846
|
|
4.97% 06/03/2032(i)
|
|
88,000
|
86,827
|
|
5.24% 07/21/2032(i)
|
|
165,000
|
164,711
|
|
5.09% 04/20/2034(i)
|
|
38,000
|
37,208
|
|
4.94% 10/21/2036(i)
|
|
700
|
662
|
|
5.43% 06/03/2037(i)
|
|
120,000
|
117,275
|
|
5.66% 07/21/2037(i)
|
|
332,000
|
330,613
|
|
5.39% 02/02/2041(i)
|
|
401,000
|
380,010
|
|
6.22% 07/21/2057(i)
|
|
321,000
|
318,144
|
|
Series AA, 6.50% (i)(j)
|
|
612,000
|
607,707
|
|
Morgan Stanley
|
|
|
|
|
4.87% 07/12/2029(i)
|
|
254,000
|
254,030
|
|
4.24% 01/09/2030(i)
|
|
56,000
|
55,076
|
|
4.49% 01/16/2032(i)
|
|
27,000
|
26,215
|
|
4.71% 03/12/2032(i)
|
|
51,000
|
49,854
|
|
4.81% 04/16/2032(i)
|
|
39,000
|
38,262
|
|
5.17% 07/14/2032(i)
|
|
165,000
|
164,419
|
|
5.66% 04/17/2036(i)
|
|
3,000
|
3,011
|
|
5.07% 01/30/2037(i)
|
|
5,000
|
4,799
|
|
5.30% 04/10/2037(i)
|
|
549,000
|
533,005
|
|
5.61% 07/17/2037(i)
|
|
326,000
|
324,161
|
|
5.31% 01/18/2041(i)
|
|
6,000
|
5,689
|
|
5.90% 03/13/2047(i)
|
|
43,000
|
41,624
|
|
Series I, 4.52% (SOFR + 0.85%),
07/12/2029(e)(g)
|
|
383,000
|
383,580
|
|
Series I, 4.36% 10/22/2031(i)
|
|
17,300
|
16,763
|
|
Series I, 4.89% 10/22/2036(i)
|
|
6,100
|
5,785
|
|
Nomura Holdings, Inc. (Japan), 5.49%,
06/29/2035(g)
|
|
361,500
|
360,056
|
|
Raymond James Financial, Inc., 4.90%,
09/11/2035
|
|
2,000
|
1,909
|
|
|
|
|
4,730,131
|
|
|
Principal
Amount
|
Value
|
|
|
IT Consulting & Other Services-0.23%
|
|||
|
International Business Machines Corp.
|
|
|
|
|
4.00% 02/03/2029
|
$
|
120,000
|
$117,923
|
|
4.30% 02/03/2031
|
|
350,000
|
339,513
|
|
4.95% 02/03/2036
|
|
176,000
|
166,129
|
|
5.80% 02/03/2056
|
|
210,000
|
188,824
|
|
|
|
|
812,389
|
|
Leisure Products-0.00%
|
|||
|
Hasbro, Inc., 4.65%, 03/12/2031
|
|
14,000
|
13,724
|
|
Life & Health Insurance-1.38%
|
|||
|
American National Group, Inc., 6.00%,
07/15/2035
|
|
1,000
|
976
|
|
Constellation Global Funding
|
|
|
|
|
4.85% 10/22/2030(h)
|
|
43,000
|
41,879
|
|
5.70% 08/05/2031(h)
|
|
2,197,000
|
2,191,608
|
|
Corebridge Global Funding
|
|
|
|
|
4.52% (SOFR + 0.86%), 12/15/2028(e)(h)
|
|
526,000
|
525,091
|
|
4.80% 05/29/2029(h)
|
|
96,000
|
95,740
|
|
Equitable America Global Funding, 4.65%,
06/09/2028(h)
|
|
4,000
|
3,989
|
|
Grand River Funding Trust I, 6.31%,
02/15/2036(g)(h)
|
|
183,000
|
179,893
|
|
Grand River Funding Trust II, 7.28%,
02/15/2056(h)
|
|
517,000
|
513,738
|
|
Jackson National Life Global Funding
|
|
|
|
|
4.70% 06/05/2028(h)
|
|
500
|
498
|
|
4.85% 06/23/2028(h)
|
|
476,000
|
475,565
|
|
Lincoln Financial Global Funding
|
|
|
|
|
4.63% 05/28/2028(h)
|
|
4,000
|
3,990
|
|
4.63% 08/18/2030(h)
|
|
4,000
|
3,922
|
|
4.95% 05/21/2031(h)
|
|
55,000
|
54,264
|
|
Lincoln National Corp., 6.80%,
07/15/2056(i)
|
|
160,000
|
158,229
|
|
Northwestern Mutual Global Funding, 4.74%,
06/30/2031(h)
|
|
88,000
|
87,078
|
|
Northwestern Mutual Life Insurance Co.
(The), 6.05%, 06/30/2056(h)
|
|
66,000
|
64,422
|
|
Principal Financial Group, Inc., 5.30%,
01/15/2037
|
|
57,000
|
55,306
|
|
Protective Life Corp.
|
|
|
|
|
4.70% 01/15/2031(h)
|
|
10,000
|
9,779
|
|
5.35% 12/15/2035(h)
|
|
1,800
|
1,735
|
|
Protective Life Global Funding, 4.83%,
04/14/2031(h)
|
|
319,000
|
315,456
|
|
|
|
|
4,783,158
|
|
Life Sciences Tools & Services-0.01%
|
|||
|
Thermo Fisher Scientific, Inc.
|
|
|
|
|
4.22% 02/12/2031
|
|
9,000
|
8,761
|
|
4.55% 06/15/2033
|
|
4,000
|
3,873
|
|
4.90% 02/12/2036
|
|
4,500
|
4,352
|
|
|
|
|
16,986
|
|
Multi-line Insurance-0.01%
|
|||
|
AEGON Funding Co. LLC, 5.63%,
05/07/2036
|
|
27,000
|
26,303
|
|
Multi-Utilities-0.28%
|
|||
|
CenterPoint Energy, Inc.
|
|
|
|
|
5.95% 04/01/2056(i)
|
|
4,000
|
3,973
|
|
Series E, 6.40% 08/15/2058(i)
|
|
648,000
|
647,882
|
|
|
Principal
Amount
|
Value
|
|
|
Multi-Utilities-(continued)
|
|||
|
Dominion Energy, Inc.
|
|
|
|
|
5.35% 06/15/2036
|
$
|
57,000
|
$55,471
|
|
6.00% 02/15/2056(i)
|
|
5,000
|
4,953
|
|
6.20% 02/15/2056(i)
|
|
2,000
|
1,970
|
|
DTE Energy Co., Series C, 6.20%,
07/01/2058(i)
|
|
185,000
|
184,377
|
|
NiSource, Inc.
|
|
|
|
|
5.25% 03/30/2028
|
|
4,000
|
4,036
|
|
4.75% 05/18/2031
|
|
22,000
|
21,753
|
|
5.35% 04/01/2034
|
|
1,000
|
1,001
|
|
5.30% 05/18/2036
|
|
15,000
|
14,682
|
|
Sempra, 5.25%, 03/15/2036
|
|
14,000
|
13,516
|
|
WEC Energy Group, Inc., 4.75%,
01/15/2028
|
|
28,000
|
28,073
|
|
|
|
|
981,687
|
|
Office REITs-0.01%
|
|||
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
4,000
|
3,910
|
|
Cousins Properties L.P.
|
|
|
|
|
5.38% 02/15/2032
|
|
4,000
|
4,017
|
|
4.88% 03/01/2033
|
|
12,000
|
11,507
|
|
Piedmont Operating Partnership L.P., 5.63%,
01/15/2033
|
|
8,000
|
7,865
|
|
|
|
|
27,299
|
|
Oil & Gas Equipment & Services-0.02%
|
|||
|
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc.
|
|
|
|
|
4.05% 03/11/2029
|
|
27,000
|
26,543
|
|
4.35% 06/15/2031
|
|
41,000
|
39,834
|
|
|
|
|
66,377
|
|
Oil & Gas Exploration & Production-0.00%
|
|||
|
EOG Resources, Inc.
|
|
|
|
|
4.40% 07/15/2028
|
|
4,000
|
3,992
|
|
5.35% 01/15/2036
|
|
1,000
|
993
|
|
5.95% 07/15/2055
|
|
2,000
|
1,948
|
|
|
|
|
6,933
|
|
Oil & Gas Storage & Transportation-0.31%
|
|||
|
Cheniere Energy Partners L.P.
|
|
|
|
|
5.35% 11/30/2036(h)
|
|
71,000
|
69,100
|
|
6.05% 11/30/2056(h)
|
|
40,000
|
38,435
|
|
Cheniere Energy, Inc., 5.20%,
07/30/2036(h)
|
|
5,000
|
4,838
|
|
Enbridge, Inc. (Canada), 5.45%,
03/27/2036
|
|
35,000
|
34,647
|
|
Energy Transfer L.P.
|
|
|
|
|
4.55% 01/15/2031
|
|
38,000
|
37,213
|
|
5.35% 01/15/2036
|
|
2,000
|
1,955
|
|
6.30% 01/15/2056
|
|
2,000
|
1,927
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
10,000
|
9,953
|
|
4.60% 01/15/2031
|
|
6,200
|
6,134
|
|
Gulfstream Natural Gas System L.L.C.,
5.60%, 07/23/2035(h)
|
|
2,000
|
1,991
|
|
Kinder Morgan, Inc., 5.15%, 06/01/2030
|
|
4,000
|
4,036
|
|
MPLX L.P.
|
|
|
|
|
4.80% 02/15/2031
|
|
4,000
|
3,950
|
|
5.00% 01/15/2033
|
|
2,000
|
1,959
|
|
5.40% 09/15/2035
|
|
1,000
|
981
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Southern Co. Gas Capital Corp.
|
|
|
|
|
Series A, 4.05% 09/15/2028
|
$
|
3,000
|
$2,965
|
|
Series B, 5.10% 09/15/2035
|
|
2,400
|
2,325
|
|
TransCanada Pipelines Ltd. (Canada)
|
|
|
|
|
6.13% 10/17/2056(g)(i)
|
|
18,000
|
17,996
|
|
6.38% 10/17/2056(i)
|
|
3,000
|
3,011
|
|
Western Midstream Operating L.P.
|
|
|
|
|
4.80% 03/01/2031
|
|
859,600
|
843,645
|
|
5.50% 12/15/2035
|
|
1,800
|
1,753
|
|
Williams Cos., Inc. (The), 6.00%,
03/15/2055
|
|
2,500
|
2,387
|
|
|
|
|
1,091,201
|
|
Other Specialty Retail-0.00%
|
|||
|
VSP Optical Group, Inc., 5.45%,
12/01/2035(h)
|
|
1,000
|
984
|
|
Packaged Foods & Meats-0.00%
|
|||
|
Mars, Inc., 5.70%, 05/01/2055(h)
|
|
2,000
|
1,889
|
|
McCormick & Co., Inc., 4.15%, 02/15/2029
|
|
6,000
|
5,910
|
|
|
|
|
7,799
|
|
Passenger Airlines-0.14%
|
|||
|
American Airlines Pass-Through Trust
|
|
|
|
|
Series A, 4.90% 05/11/2038
|
|
6,000
|
5,761
|
|
Series A, 5.25% 11/10/2038
|
|
211,000
|
205,247
|
|
Series A, 5.70% 02/20/2039
|
|
265,000
|
264,560
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
4,000
|
4,006
|
|
5.25% 07/10/2030
|
|
4,000
|
4,024
|
|
|
|
|
483,598
|
|
Passenger Ground Transportation-0.00%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.15% 01/15/2031
|
|
4,400
|
4,246
|
|
4.80% 09/15/2035
|
|
1,000
|
948
|
|
|
|
|
5,194
|
|
Pharmaceuticals-0.85%
|
|||
|
Bayer US Finance LLC (Germany)
|
|
|
|
|
5.13% 07/20/2031(h)
|
|
305,000
|
302,431
|
|
5.38% 07/20/2033(h)
|
|
213,000
|
210,488
|
|
5.63% 07/20/2036(h)
|
|
350,000
|
343,854
|
|
6.25% 07/20/2046(h)
|
|
469,000
|
450,580
|
|
6.38% 07/20/2056(h)
|
|
564,000
|
545,662
|
|
Eli Lilly and Co.
|
|
|
|
|
3.99% (SOFR + 0.35%), 05/20/2028(e)
|
|
187,000
|
187,395
|
|
5.55% 10/15/2055
|
|
1,600
|
1,515
|
|
5.65% 10/15/2065
|
|
1,500
|
1,420
|
|
EMD Finance LLC (Germany), 4.38%,
10/15/2030(h)
|
|
31,000
|
30,333
|
|
Merck & Co., Inc.
|
|
|
|
|
4.15% 03/15/2031
|
|
38,000
|
36,972
|
|
4.65% 05/22/2031
|
|
81,000
|
80,472
|
|
4.45% 12/04/2032
|
|
3,000
|
2,920
|
|
4.95% 05/22/2033
|
|
45,000
|
44,717
|
|
4.75% 12/04/2035
|
|
4,000
|
3,842
|
|
5.20% 05/22/2036
|
|
57,000
|
56,608
|
|
5.75% 05/22/2046
|
|
68,000
|
66,242
|
|
5.85% 05/22/2056
|
|
23,000
|
22,449
|
|
5.70% 12/04/2065
|
|
2,000
|
1,879
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
Novartis Capital Corp.
|
|
|
|
|
4.40% 03/18/2031
|
$
|
24,000
|
$23,601
|
|
4.60% 03/18/2033
|
|
16,000
|
15,621
|
|
4.90% 03/18/2036
|
|
13,000
|
12,637
|
|
5.60% 03/18/2046
|
|
6,000
|
5,814
|
|
Pfizer, Inc.
|
|
|
|
|
4.20% 11/15/2030
|
|
17,000
|
16,626
|
|
4.50% 11/15/2032
|
|
12,000
|
11,688
|
|
5.60% 11/15/2055
|
|
1,000
|
949
|
|
5.70% 11/15/2065
|
|
3,000
|
2,798
|
|
Takeda U.S. Financing, Inc.
|
|
|
|
|
5.20% 07/07/2035
|
|
361,500
|
354,366
|
|
5.90% 07/07/2055
|
|
111,500
|
107,686
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
25,000
|
24,796
|
|
|
|
|
2,966,361
|
|
Property & Casualty Insurance-0.18%
|
|||
|
American International Group, Inc., 4.85%,
05/07/2030
|
|
4,000
|
3,997
|
|
Chubb INA Holdings LLC, 5.30%,
05/20/2036
|
|
413,000
|
409,068
|
|
CNA Financial Corp., 5.20%, 08/15/2035
|
|
3,000
|
2,896
|
|
Hanover Insurance Group, Inc. (The), 5.50%,
09/01/2035
|
|
3,000
|
2,955
|
|
Sompo Holdings, Inc. (Japan), 5.41%,
04/22/2037(h)(i)
|
|
200,000
|
192,171
|
|
Travelers Cos., Inc. (The)
|
|
|
|
|
5.05% 07/24/2035
|
|
1,000
|
978
|
|
5.70% 07/24/2055
|
|
1,000
|
957
|
|
|
|
|
613,022
|
|
Rail Transportation-0.01%
|
|||
|
Canadian Pacific Railway Co. (Canada),
4.00%, 03/15/2029
|
|
21,000
|
20,625
|
|
Real Estate Development-0.12%
|
|||
|
Essential Properties L.P.
|
|
|
|
|
5.40% 12/01/2035
|
|
1,400
|
1,363
|
|
5.38% 07/15/2036
|
|
414,000
|
401,289
|
|
Prologis Targeted U.S. Logistics Fund L.P.
|
|
|
|
|
4.25% 01/15/2031(h)
|
|
4,000
|
3,863
|
|
4.75% 01/15/2036(h)
|
|
1,000
|
937
|
|
|
|
|
407,452
|
|
Regional Banks-0.42%
|
|||
|
Citizens Financial Group, Inc., 5.30%,
01/29/2036(i)
|
|
5,000
|
4,897
|
|
Huntington Bancshares, Inc.
|
|
|
|
|
4.62% 01/28/2032(i)
|
|
38,000
|
36,981
|
|
5.61% 01/28/2041(i)
|
|
4,000
|
3,836
|
|
M&T Bank Corp., 5.30%, 04/18/2036(i)
|
|
112,000
|
110,050
|
|
Pinnacle Financial Partners, Inc., 5.60%,
05/19/2032(i)
|
|
32,000
|
31,735
|
|
Santander Holdings USA, Inc.
|
|
|
|
|
5.04% 06/05/2030(i)
|
|
72,000
|
71,657
|
|
5.22% 06/05/2032(i)
|
|
91,000
|
89,831
|
|
5.70% 06/05/2037(i)
|
|
66,000
|
64,357
|
|
Truist Financial Corp., 4.60%, 01/27/2032(i)
|
|
533,000
|
520,486
|
|
Webster Financial Corp., 5.78%,
09/11/2035(i)
|
|
6,000
|
6,015
|
|
Zions Bancorp. N.A., 5.24%, 10/01/2029(i)
|
|
512,000
|
512,268
|
|
|
|
|
1,452,113
|
|
|
Principal
Amount
|
Value
|
|
|
Reinsurance-0.08%
|
|||
|
Argentum Netherlands B.V. for Swiss Re Ltd.
(Switzerland), 5.63%, 08/15/2052(h)(i)
|
$
|
232,000
|
$232,235
|
|
Fortitude Global Funding, 4.63%,
10/06/2028(h)
|
|
14,000
|
13,850
|
|
Reinsurance Group of America, Inc., 6.38%,
09/15/2056(i)
|
|
2,000
|
1,952
|
|
RGA Global Funding
|
|
|
|
|
4.35% 08/25/2028(h)
|
|
19,000
|
18,824
|
|
5.00% 08/25/2032(h)
|
|
11,000
|
10,768
|
|
|
|
|
277,629
|
|
Renewable Electricity-0.04%
|
|||
|
Southern Power Co.
|
|
|
|
|
4.80% 06/15/2031
|
|
125,000
|
123,688
|
|
Series A, 4.25% 10/01/2030
|
|
4,000
|
3,899
|
|
Series B, 4.90% 10/01/2035
|
|
2,000
|
1,902
|
|
|
|
|
129,489
|
|
Research & Consulting Services-0.16%
|
|||
|
Mobility Global, Inc.
|
|
|
|
|
5.05% 06/15/2029(h)
|
|
34,000
|
33,876
|
|
5.45% 06/15/2031(h)
|
|
78,000
|
78,039
|
|
6.05% 06/15/2036(h)
|
|
422,000
|
415,999
|
|
Verisk Analytics, Inc., 4.45%, 03/15/2031
|
|
11,000
|
10,693
|
|
|
|
|
538,607
|
|
Restaurants-0.01%
|
|||
|
McDonald’s Corp.
|
|
|
|
|
4.40% 02/12/2031
|
|
13,000
|
12,807
|
|
5.00% 02/13/2036
|
|
6,000
|
5,873
|
|
|
|
|
18,680
|
|
Retail REITs-0.01%
|
|||
|
Brixmor Operating Partnership L.P., 4.85%,
02/15/2033
|
|
1,000
|
972
|
|
Kimco Realty OP LLC, 5.30%, 02/01/2036
|
|
1,000
|
993
|
|
Kite Realty Group L.P.
|
|
|
|
|
4.95% 12/15/2031
|
|
2,000
|
1,970
|
|
5.50% 03/01/2034
|
|
1,000
|
1,000
|
|
Realty Income Corp., 4.50%, 02/01/2033
|
|
6,000
|
5,762
|
|
Regency Centers L.P., 4.50%, 03/15/2033
|
|
6,000
|
5,762
|
|
|
|
|
16,459
|
|
Self-Storage REITs-0.01%
|
|||
|
Americold Realty Operating Partnership L.P.,
5.60%, 05/15/2032
|
|
2,000
|
1,987
|
|
Extra Space Storage L.P., 4.95%,
01/15/2033
|
|
4,000
|
3,911
|
|
Goodman US Finance Eight LLC (Australia),
5.88%, 04/28/2046(h)
|
|
6,000
|
5,672
|
|
Goodman US Finance Seven LLC (Australia),
5.25%, 04/28/2036(h)
|
|
4,000
|
3,850
|
|
Public Storage Operating Co., 5.00%,
12/15/2035
|
|
7,000
|
6,807
|
|
|
|
|
22,227
|
|
Semiconductors-0.73%
|
|||
|
Broadcom, Inc.
|
|
|
|
|
5.15% 11/15/2031
|
|
11,000
|
10,971
|
|
5.20% 07/15/2035
|
|
1,000
|
961
|
|
4.80% 02/15/2036
|
|
3,000
|
2,775
|
|
|
Principal
Amount
|
Value
|
|
|
Semiconductors-(continued)
|
|||
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(h)
|
$
|
205,000
|
$209,580
|
|
5.50% 01/25/2031(h)
|
|
213,000
|
214,978
|
|
6.15% 01/25/2032(h)
|
|
200,000
|
206,660
|
|
5.90% 01/25/2033(h)
|
|
214,000
|
218,119
|
|
5.88% 01/25/2034(h)
|
|
200,000
|
198,746
|
|
6.25% 01/25/2035(h)
|
|
204,000
|
209,879
|
|
6.20% 01/25/2037(h)
|
|
960,000
|
982,904
|
|
6.40% 01/25/2038(h)
|
|
217,000
|
224,370
|
|
Intel Corp.
|
|
|
|
|
5.30% 05/15/2036
|
|
17,000
|
16,422
|
|
6.13% 05/15/2056
|
|
30,000
|
28,174
|
|
|
|
|
2,524,539
|
|
Soft Drinks & Non-alcoholic Beverages-0.02%
|
|||
|
PepsiCo, Inc.
|
|
|
|
|
4.10% 01/15/2029
|
|
57,000
|
56,492
|
|
4.60% 02/07/2030
|
|
20,000
|
20,012
|
|
5.00% 07/23/2035(g)
|
|
6,000
|
5,926
|
|
|
|
|
82,430
|
|
Sovereign Debt-0.20%
|
|||
|
Israel Government International Bond
(Israel), 5.00%, 01/13/2036(g)
|
|
93,500
|
89,829
|
|
Korea National Oil Corp. (South Korea)
|
|
|
|
|
4.50% 03/30/2029(h)
|
|
362,000
|
360,175
|
|
4.63% 03/30/2031(h)
|
|
253,000
|
250,295
|
|
|
|
|
700,299
|
|
Specialized Finance-0.03%
|
|||
|
HA Sustainable Infrastructure Capital, Inc.,
5.95%, 07/15/2033(h)
|
|
116,000
|
114,693
|
|
Specialty Chemicals-0.02%
|
|||
|
Sherwin-Williams Co. (The)
|
|
|
|
|
4.30% 08/15/2028
|
|
58,000
|
57,592
|
|
4.50% 08/15/2030
|
|
16,000
|
15,749
|
|
5.15% 08/15/2035
|
|
2,000
|
1,969
|
|
|
|
|
75,310
|
|
Systems Software-0.58%
|
|||
|
Oracle Corp.
|
|
|
|
|
4.55% 02/04/2029
|
|
36,000
|
35,105
|
|
4.79% (SOFR + 1.11%), 02/04/2029(e)
|
|
27,000
|
26,772
|
|
4.45% 09/26/2030
|
|
6,700
|
6,326
|
|
4.95% 02/04/2031
|
|
882,000
|
842,702
|
|
5.35% 05/04/2033
|
|
16,000
|
15,044
|
|
5.20% 09/26/2035
|
|
2,000
|
1,796
|
|
5.70% 02/04/2036
|
|
2,000
|
1,853
|
|
5.88% 09/26/2045
|
|
3,000
|
2,464
|
|
5.38% 09/27/2054
|
|
2,000
|
1,459
|
|
5.95% 09/26/2055
|
|
1,000
|
795
|
|
6.70% 02/04/2056
|
|
8,500
|
7,503
|
|
6.85% 02/04/2066
|
|
2,350
|
2,070
|
|
ServiceNow, Inc.
|
|
|
|
|
4.25% 05/15/2028
|
|
911,000
|
906,409
|
|
5.05% 05/15/2033
|
|
40,000
|
39,457
|
|
5.40% 05/15/2036
|
|
132,000
|
128,980
|
|
|
|
|
2,018,735
|
|
Tobacco-0.41%
|
|||
|
B.A.T. Capital Corp. (United Kingdom)
|
|
|
|
|
4.63% 03/22/2033
|
|
2,000
|
1,929
|
|
7.08% 08/02/2053
|
|
2,000
|
2,166
|
|
|
Principal
Amount
|
Value
|
|
|
Tobacco-(continued)
|
|||
|
Philip Morris International, Inc.
|
|
|
|
|
4.13% 04/27/2029
|
$
|
1,040,000
|
$1,025,278
|
|
4.00% 10/29/2030
|
|
6,000
|
5,798
|
|
4.63% 10/29/2035
|
|
1,000
|
945
|
|
4.88% 04/29/2036
|
|
417,000
|
399,519
|
|
|
|
|
1,435,635
|
|
Trading Companies & Distributors-0.03%
|
|||
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
6,000
|
5,845
|
|
Sumisho Air Lease Corp.
|
|
|
|
|
4.40% 03/24/2028(h)
|
|
52,000
|
51,677
|
|
4.50% 03/24/2029(h)
|
|
36,000
|
35,577
|
|
|
|
|
93,099
|
|
Water Utilities-0.00%
|
|||
|
American Water Capital Corp., 5.70%,
09/01/2055
|
|
2,000
|
1,893
|
|
Wireless Telecommunication Services-0.05%
|
|||
|
Beacon Point DC LLC, 6.13%,
11/30/2042(h)
|
|
165,000
|
158,423
|
|
T-Mobile USA, Inc.
|
|
|
|
|
4.95% 11/15/2035
|
|
3,000
|
2,844
|
|
5.70% 01/15/2056
|
|
3,000
|
2,649
|
|
|
|
|
163,916
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $100,293,164)
|
98,849,385
|
||
|
|
|||
|
Asset-Backed Securities-20.92%
|
|||
|
AGL CLO 17 Ltd. (Cayman Islands),
Series 2022-17A, Class AR, 4.68% (3 mo.
Term SOFR + 0.95%), 01/21/2035(e)(h)
|
|
3,000,000
|
3,001,707
|
|
ALA Trust, Series 2025-OANA, Class B,
5.52% (1 mo. Term SOFR + 1.84%),
06/15/2040(e)(h)
|
|
100,000
|
100,526
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(h)
|
|
287,057
|
286,318
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(h)
|
|
91,098
|
91,217
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(h)
|
|
1,188,999
|
1,190,120
|
|
Ares LIII CLO Ltd. (Cayman Islands),
Series 2019-53A, Class A1R2, 4.87% (3
mo. Term SOFR + 1.09%),
10/24/2036(e)(h)
|
|
4,800,000
|
4,797,744
|
|
Auxilior Term Funding, Series 2026-1A,
Class A3, 4.99%, 08/15/2036(h)
|
|
194,000
|
194,164
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands), Series 2021-3A, Class AR, 4.84%
(3 mo. Term SOFR + 1.06%),
07/24/2034(e)(h)
|
|
250,000
|
250,210
|
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.82% (3
mo. Term SOFR + 1.07%),
01/17/2035(e)(h)
|
|
1,780,000
|
1,781,652
|
|
Benchmark Mortgage Trust, Series 2026-
V20, Class AM, 5.44%, 02/15/2059
|
|
145,000
|
144,924
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 4.91% (3 mo. Term SOFR +
1.27%), 11/21/2033(e)(h)
|
|
957,202
|
957,967
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
BSTN Commercial Mortgage Trust,
Series 2025-1C, Class A, 5.37%,
06/15/2044(d)(h)
|
$
|
100,000
|
$100,297
|
|
BX Commercial Mortgage Trust,
Series 2026-CSMO, Class A, 5.08% (1 mo.
Term SOFR + 1.40%), 02/15/2043(e)(h)
|
|
545,000
|
547,258
|
|
BX Trust
|
|
|
|
|
Series 2025-VOLT, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 12/15/2044(e)(h)
|
|
800,000
|
799,358
|
|
Series 2025-VOLT, Class B, 5.78% (1 mo.
Term SOFR + 2.10%), 12/15/2044(e)(h)
|
|
925,000
|
927,134
|
|
Series 2026-OPTM, Class A, 4.88% (1 mo.
Term SOFR + 1.20%), 03/15/2039(e)(h)
|
|
240,000
|
239,564
|
|
Carvana Auto Receivables Trust,
Series 2026-P1, Class A3, 4.26%,
02/10/2031
|
|
500,000
|
497,052
|
|
Cedar Funding VI CLO Ltd. (Cayman Islands),
Series 2016-6A, Class AR3, 4.82% (3 mo.
Term SOFR + 1.09%), 04/20/2034(e)(h)
|
|
461,000
|
461,611
|
|
Cerberus Loan Funding XL LLC,
Series 2023-1A, Class AR, 5.35% (3 mo.
Term SOFR + 1.60%), 03/22/2035(e)(h)
|
|
261,000
|
261,193
|
|
CIFC Funding Ltd. (Cayman Islands),
Series 2022-2A, Class A1R, 4.70% (3 mo.
Term SOFR + 0.97%), 04/19/2035(e)(h)
|
|
3,000,000
|
2,999,448
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2024-INV2, Class A1, 6.42%,
05/25/2069(h)
|
|
220,779
|
222,528
|
|
Series 2025-3, Class A1, 5.35%,
03/25/2070(h)
|
|
215,051
|
214,535
|
|
Series 2025-4, Class A1, 5.79%,
04/25/2070(h)
|
|
426,520
|
427,992
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(h)
|
|
105,458
|
105,594
|
|
Compass Datacenters Issuer II LLC,
Series 2025-2A, Class A1, 4.93%,
11/25/2050(h)
|
|
1,440,000
|
1,401,972
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2024-H2, Class A1, 6.09%,
04/25/2069(h)
|
|
94,755
|
94,993
|
|
Series 2025-H5, Class A1, 5.51%,
07/25/2070(d)(h)
|
|
1,420,894
|
1,418,449
|
|
Series 2026-NQM3, Class A1, 5.13%,
03/25/2071(d)(h)
|
|
241,010
|
238,577
|
|
Series 2026-NQM4, Class A1, 5.49%,
04/25/2071(d)(h)
|
|
149,979
|
149,457
|
|
Series 2026-NQM8, Class A1, 5.58%,
07/25/2071(d)(h)
|
|
690,000
|
689,897
|
|
CROSS Mortgage Trust, Series 2026-NQM9,
Class A1, 5.73%, 08/25/2071(d)(h)
|
|
820,000
|
821,936
|
|
DB Master Finance LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(h)
|
|
517,400
|
509,874
|
|
Series 2025-1A, Class A2II, 5.17%,
08/20/2055(h)
|
|
258,700
|
253,945
|
|
Dryden 98 CLO Ltd. (Cayman Islands),
Series 2022-98A, Class AR, 4.75% (3 mo.
Term SOFR + 1.02%), 04/20/2035(e)(h)
|
|
3,000,000
|
3,002,121
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2025-NQM5, Class A1, 5.03%,
11/25/2070(d)(h)
|
|
199,857
|
198,377
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2026-NQM3, Class A1, 5.03%,
03/25/2071(d)(h)
|
$
|
411,439
|
$407,661
|
|
Series 2026-NQM7, Class A1, 5.60%,
07/25/2071(d)(h)
|
|
3,500,000
|
3,494,802
|
|
GCAT Trust, Series 2025-NQM4, Class A1A,
5.53%, 06/25/2070(h)
|
|
115,571
|
115,416
|
|
GGP Trust, Series 2026-TY, Class A, 4.67%,
03/05/2043(d)(h)
|
|
275,000
|
269,204
|
|
Gordon Brothers Equipment Finance LLC,
Series 2026-1A, Class A2, 5.15%,
06/20/2034(h)
|
|
550,000
|
550,902
|
|
GS Mortgage-Backed Securities Corp. Trust,
Series 2025-NQM6, Class A1, 5.02%,
02/25/2066(h)
|
|
922,896
|
914,030
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2025-HE1, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
10/25/2055(e)(h)
|
|
1,132,746
|
1,137,756
|
|
Series 2025-HE2, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
12/25/2065(e)(h)
|
|
2,031,639
|
2,040,906
|
|
Series 2025-NQM5, Class A1, 5.01%,
07/25/2065(h)
|
|
473,123
|
468,231
|
|
Series 2026-DSC2, Class A1, 5.49%,
09/25/2066(h)
|
|
2,800,000
|
2,788,899
|
|
Series 2026-NQM1, Class A1, 4.87%,
03/25/2066(d)(h)
|
|
102,935
|
101,416
|
|
Series 2026-NQM3, Class A1, 5.22%,
05/25/2066(d)(h)
|
|
547,926
|
542,658
|
|
Series 2026-NQM5, Class A1, 5.79%,
11/25/2066(d)(h)
|
|
5,010,000
|
5,023,403
|
|
Hilton Grand Vacations Trust, Series 2025-
1A, Class A, 4.88%, 05/27/2042(h)
|
|
29,710
|
29,634
|
|
IP Mortgage Trust, Series 2025-IP, Class A,
5.25%, 06/10/2042(d)(h)
|
|
100,000
|
99,985
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-VIS1, Class A1, 5.99%,
07/25/2064(d)(h)
|
|
274,508
|
274,946
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(d)(h)
|
|
703,615
|
702,760
|
|
Series 2025-NQM4, Class A1, 4.95%,
03/25/2066(d)(h)
|
|
822,371
|
812,641
|
|
Series 2026-5, Class A4, 5.50%,
12/25/2056(d)(h)
|
|
1,474,380
|
1,467,961
|
|
Jersey Mike’s Funding, Series 2025-1A,
Class A2, 5.61%, 08/16/2055(h)
|
|
148,875
|
149,044
|
|
Jersey Mike’s Funding LLC, Series 2024-1A,
Class A2, 5.64%, 02/15/2055(h)
|
|
74,063
|
74,162
|
|
Jimmy John’s Funding LLC, Series 2026-1A,
Class A2, 5.69%, 04/30/2056(h)
|
|
560,000
|
557,274
|
|
Magnetite XXI Ltd. (Cayman Islands),
Series 2019-21A, Class AR2, 4.71% (3
mo. Term SOFR + 0.98%),
04/20/2034(e)(h)
|
|
370,000
|
370,254
|
|
Metronet Infrastructure Issuer LLC,
Series 2025-4A, Class A2, 5.16%,
12/20/2055(h)
|
|
160,000
|
157,720
|
|
Morgan Stanley Bank of America Merrill
Lynch Trust, Series 2025-5C2, Class B,
5.69%, 11/15/2058(d)
|
|
1,671,000
|
1,662,022
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(d)(h)
|
$
|
110,273
|
$110,479
|
|
Series 2025-NQM8, Class A1, 4.96%,
09/25/2070(d)(h)
|
|
665,829
|
658,477
|
|
Series 2026-NQM3, Class A1, 5.21%,
03/25/2071(d)(h)
|
|
118,347
|
117,600
|
|
Neuberger Berman Loan Advisers CLO 38
Ltd. (Cayman Islands), Series 2020-38A,
Class AR2, 4.69% (3 mo. Term SOFR +
0.96%), 10/20/2036(e)(h)
|
|
250,000
|
250,165
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2025-NQM2, Class A1, 5.57%,
04/25/2065(h)
|
|
472,074
|
470,943
|
|
Series 2026-NQM8, Class A1, 5.56%,
08/25/2066(d)(h)
|
|
640,000
|
640,138
|
|
NextGear Floorplan Master Owner Trust,
Series 2025-2A, Class A2, 4.23%,
10/15/2030(h)
|
|
240,000
|
237,441
|
|
OBX Trust, Series 2026-HE2, Class A1A,
4.97% (30 Day Average SOFR + 1.35%),
06/25/2056(e)(h)
|
|
1,870,893
|
1,875,928
|
|
OWL Rock CLO XXV LLC, Series 2026-25A,
Class A, 5.13% (3 mo. Term SOFR +
1.40%), 07/22/2036(e)(h)
|
|
1,750,000
|
1,750,689
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1, 4.70%
(3 mo. Term SOFR + 0.95%),
01/15/2034(e)(h)
|
|
856,174
|
856,689
|
|
Qdoba Funding LLC, Series 2026-1A,
Class A2, 6.70%, 06/14/2056(h)
|
|
860,000
|
860,113
|
|
RCKT Mortgage Trust
|
|
|
|
|
Series 2025-CES6, Class A1A, 5.47%,
06/25/2055(h)
|
|
98,581
|
98,545
|
|
Series 2026-CES1, Class A1A, 4.83%,
01/25/2056(h)
|
|
166,319
|
164,216
|
|
SCG Mortgage Trust
|
|
|
|
|
Series 2026-PALM, Class A, 4.90% (1 mo.
Term SOFR + 1.27%), 07/15/2043(e)(h)
|
|
1,780,000
|
1,784,070
|
|
Series 2026-PALM, Class B, 5.13% (1 mo.
Term SOFR + 1.50%), 07/15/2043(e)(h)
|
|
255,000
|
255,644
|
|
Series 2026-PALM, Class C, 5.33% (1 mo.
Term SOFR + 1.70%), 07/09/2043(e)(h)
|
|
100,000
|
100,304
|
|
SHRN Trust, Series 2025-MF18, Class C,
5.38% (1 mo. Term SOFR + 1.70%),
10/15/2040(e)(h)
|
|
500,000
|
501,556
|
|
SoFi Consumer Loan Program
|
|
|
|
|
Series 2026-3, Class A, 4.46%,
06/25/2035(h)
|
|
1,780,000
|
1,780,245
|
|
Series 2026-3, Class B, 4.85%,
06/25/2035(h)
|
|
690,000
|
688,948
|
|
Series 2026-3, Class C, 5.09%,
06/25/2035(h)
|
|
870,000
|
867,041
|
|
Sonic Capital LLC, Series 2020-1A,
Class A2I, 3.85%, 01/20/2050(h)
|
|
611,542
|
608,443
|
|
Switch ABS Issuer LLC, Series 2025-2A,
Class A21, 5.12%, 10/25/2055(h)
|
|
760,000
|
744,825
|
|
Symphony CLO XXIV Ltd. (Cayman Islands),
Series 2020-24A, Class A1R, 4.88% (3
mo. Term SOFR + 1.13%),
10/23/2035(e)(h)
|
|
200,000
|
200,261
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.73% (3 mo. Term SOFR +
1.00%), 04/20/2034(e)(h)
|
$
|
816,421
|
$816,864
|
|
Vantage Data Centers Issuer LLC,
Series 2025-2A, Class A2, 5.24%,
11/15/2055(h)
|
|
700,000
|
675,756
|
|
VB-S1 Issuer LLC, Series 2026-1A, Class C2,
4.69%, 03/15/2056(h)
|
|
230,000
|
223,153
|
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.06%,
07/13/2044(d)(h)
|
|
50,000
|
49,120
|
|
Series 2025-AZ, Class B, 5.30%,
07/13/2044(d)(h)
|
|
150,000
|
146,657
|
|
Voya CLO Ltd. (Cayman Islands),
Series 2021-1A, Class AR, 4.75% (3 mo.
Term SOFR + 1.00%), 07/15/2034(e)(h)
|
|
350,000
|
350,389
|
|
Wells Fargo Commercial Mortgage Trust,
Series 2026-C66, Class A5, 5.65%,
04/15/2059
|
|
110,000
|
112,281
|
|
WEST Trust, Series 2025-ROSE, Class A,
5.28%, 04/10/2035(d)(h)
|
|
150,000
|
149,092
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.80% (3 mo. Term SOFR +
1.07%), 01/20/2035(e)(h)
|
|
300,000
|
300,099
|
|
Zayo Issuer LLC, Series 2025-2A, Class A2,
5.95%, 06/20/2055(h)
|
|
650,000
|
655,022
|
|
Total Asset-Backed Securities
(Cost $72,971,356)
|
72,694,591
|
||
|
|
|||
|
Agency Credit Risk Transfer Notes-0.11%
|
|||
|
Freddie Mac, Series 2025-DNA4, Class A1,
STACR®, 4.52% (30 Day Average SOFR +
0.90%), 10/25/2045(e)(h)(k)
(Cost $364,375)
|
|
364,375
|
364,554
|
|
|
Shares
|
|
|
|
Money Market Funds-0.34%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(l)(m)
(Cost $1,186,988)
|
|
1,186,988
|
1,186,988
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-121.79%
(Cost $428,010,415)
|
423,253,097
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.76%
|
|||
|
Invesco Private Government Fund,
3.69%(l)(m)(n)
|
|
733,620
|
733,620
|
|
Invesco Private Prime Fund, 3.82%(l)(m)(n)
|
|
1,905,845
|
1,906,036
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $2,639,611)
|
2,639,656
|
||
|
TOTAL INVESTMENTS IN SECURITIES-122.55%
(Cost $430,650,026)
|
425,892,753
|
||
|
OTHER ASSETS LESS LIABILITIES-(22.55)%
|
(78,378,456
)
|
||
|
NET ASSETS-100.00%
|
$347,514,297
|
||
|
Investment Abbreviations:
|
|
|
Ctfs.
|
-Certificates
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
TBA
|
-To Be Announced
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(c)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(d)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on July 31, 2026.
|
|
(e)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(f)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(g)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(h)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $109,264,970, which represented 31.44% of the Fund’s Net Assets.
|
|
(i)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(j)
|
Perpetual bond with no specified maturity date.
|
|
(k)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(l)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$35,553,401
|
$283,957,618
|
$(318,324,031
)
|
$-
|
$-
|
$1,186,988
|
$397,999
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
459,793
|
4,638,939
|
(4,365,112
)
|
-
|
-
|
733,620
|
11,755
*
|
|
Invesco Private Prime Fund
|
1,314,677
|
9,555,680
|
(8,964,272
)
|
67
|
(116
)
|
1,906,036
|
18,265
*
|
|
Total
|
$37,327,871
|
$298,152,237
|
$(331,653,415
)
|
$67
|
$(116
)
|
$3,826,644
|
$428,019
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(m)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(n)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Notes
|
29
|
September-2026
|
$3,132,000
|
$(21,073
)
|
$(21,073
)
|
|
U.S. Treasury 2 Year Notes
|
32
|
September-2026
|
6,579,500
|
(6,843
)
|
(6,843
)
|
|
U.S. Treasury Ultra Bonds
|
26
|
September-2026
|
2,851,875
|
(66,953
)
|
(66,953
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(94,869
)
|
(94,869
)
|
|
Open Futures Contracts—(continued)
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Ultra Notes
|
54
|
September-2026
|
$(5,923,969
)
|
$68,730
|
$68,730
|
|
U.S. Treasury 5 Year Notes
|
247
|
September-2026
|
(26,176,211
)
|
131,162
|
131,162
|
|
U.S. Treasury Long Bonds
|
29
|
September-2026
|
(3,141,062
)
|
69,540
|
69,540
|
|
Subtotal—Short Futures Contracts
|
|
|
|
269,432
|
269,432
|
|
Total Futures Contracts
|
$174,563
|
$174,563
|
|||
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.09%
|
|||
|
Communication Services-6.42%
|
|||
|
Alphabet, Inc., Class A
|
|
212
|
$75,500
|
|
AT&T, Inc.
|
|
1,267
|
29,458
|
|
Meta Platforms, Inc., Class A
|
|
68
|
37,856
|
|
Verizon Communications, Inc.
|
|
671
|
31,409
|
|
|
|
|
174,223
|
|
Consumer Discretionary-5.70%
|
|||
|
Lowe’s Cos., Inc.
|
|
238
|
49,459
|
|
Marriott International, Inc., Class A
|
|
70
|
26,098
|
|
McDonald’s Corp.
|
|
184
|
49,798
|
|
Yum! Brands, Inc.
|
|
191
|
29,276
|
|
|
|
|
154,631
|
|
Consumer Staples-7.81%
|
|||
|
Colgate-Palmolive Co.
|
|
319
|
29,125
|
|
Mondelez International, Inc., Class A
|
|
753
|
46,919
|
|
PepsiCo, Inc.
|
|
217
|
30,284
|
|
Philip Morris International, Inc. (Switzerland)
|
|
312
|
59,536
|
|
Walmart, Inc.
|
|
413
|
45,926
|
|
|
|
|
211,790
|
|
Energy-7.37%
|
|||
|
Chevron Corp.
|
|
285
|
56,097
|
|
ConocoPhillips
|
|
371
|
44,698
|
|
Devon Energy Corp.
|
|
614
|
27,710
|
|
SLB Ltd.
|
|
561
|
27,820
|
|
Williams Cos., Inc. (The)
|
|
612
|
43,782
|
|
|
|
|
200,107
|
|
Financials-18.04%
|
|||
|
Bank of America Corp.
|
|
1,462
|
90,571
|
|
Capital One Financial Corp.
|
|
181
|
37,831
|
|
Citigroup, Inc.
|
|
394
|
52,185
|
|
CME Group, Inc., Class A
|
|
191
|
51,148
|
|
Fifth Third Bancorp
|
|
440
|
24,860
|
|
Hartford Insurance Group, Inc. (The)
|
|
222
|
31,504
|
|
JPMorgan Chase & Co.
|
|
360
|
126,645
|
|
Marsh & McLennan Cos., Inc.
|
|
144
|
27,315
|
|
Morgan Stanley
|
|
226
|
47,555
|
|
|
|
|
489,614
|
|
Health Care-13.76%
|
|||
|
Abbott Laboratories
|
|
389
|
41,117
|
|
Becton, Dickinson and Co.
|
|
242
|
40,080
|
|
Cardinal Health, Inc.
|
|
120
|
27,604
|
|
CVS Health Corp.
|
|
415
|
43,339
|
|
Danaher Corp.
|
|
250
|
48,745
|
|
Eli Lilly and Co.
|
|
23
|
26,423
|
|
Medtronic PLC
|
|
305
|
26,044
|
|
Merck & Co., Inc.
|
|
521
|
67,834
|
|
UnitedHealth Group, Inc.
|
|
126
|
52,214
|
|
|
|
|
373,400
|
|
|
Shares
|
Value
|
|
|
Industrials-12.04%
|
|||
|
Deere & Co.
|
|
63
|
$37,338
|
|
Eaton Corp. PLC
|
|
135
|
56,052
|
|
Honeywell Aerospace, Inc.(b)
|
|
153
|
31,631
|
|
Honeywell International, Inc.
|
|
122
|
29,652
|
|
Johnson Controls International PLC
|
|
305
|
44,731
|
|
Northrop Grumman Corp.
|
|
68
|
36,889
|
|
RTX Corp.
|
|
276
|
59,401
|
|
Xylem, Inc.
|
|
264
|
30,880
|
|
|
|
|
326,574
|
|
Information Technology-16.54%
|
|||
|
Apple, Inc.
|
|
170
|
52,515
|
|
Broadcom, Inc.
|
|
106
|
41,264
|
|
Cisco Systems, Inc.
|
|
533
|
61,823
|
|
Corning, Inc.
|
|
68
|
9,401
|
|
International Business Machines Corp.
|
|
161
|
36,007
|
|
Lam Research Corp.
|
|
83
|
24,320
|
|
Microsoft Corp.
|
|
301
|
139,881
|
|
NVIDIA Corp.
|
|
200
|
40,150
|
|
Texas Instruments, Inc.
|
|
158
|
43,567
|
|
|
|
|
448,928
|
|
Materials-3.07%
|
|||
|
CRH PLC
|
|
266
|
25,273
|
|
Linde PLC
|
|
121
|
57,884
|
|
|
|
|
83,157
|
|
Real Estate-3.49%
|
|||
|
American Tower Corp.
|
|
251
|
43,514
|
|
Prologis, Inc.
|
|
353
|
51,047
|
|
|
|
|
94,561
|
|
Utilities-4.85%
|
|||
|
Atmos Energy Corp.
|
|
203
|
35,074
|
|
Entergy Corp.
|
|
507
|
54,563
|
|
PPL Corp.
|
|
1,193
|
42,006
|
|
|
|
|
131,643
|
|
Total Common Stocks & Other Equity Interests
(Cost $2,524,625)
|
2,688,628
|
||
|
Money Market Funds-0.86%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(c)(d)
(Cost $23,372)
|
|
23,372
|
23,372
|
|
TOTAL INVESTMENTS IN SECURITIES-99.95%
(Cost $2,547,997)
|
2,712,000
|
||
|
OTHER ASSETS LESS LIABILITIES-0.05%
|
1,481
|
||
|
NET ASSETS-100.00%
|
$2,713,481
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the period ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$-
|
$73,965
|
$(50,593
)
|
$-
|
$-
|
$23,372
|
$198
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
|
Principal
Amount
|
Value
|
|
|
Asset-Backed Securities-36.81%
|
|||
|
Angel Oak Mortgage Trust, Series 2026-2,
Class A3, 5.20%, 02/25/2071(b)
|
$
|
322,873
|
$318,695
|
|
Braccan Mortgage Funding PLC (United
Kingdom), Series 2025-2X, Class B,
4.85% (SONIA + 1.10%),
01/17/2068(b)(c)
|
GBP
|
140,000
|
188,727
|
|
BRAVO Residential Funding Trust,
Series 2026-NQM1, Class A3, 5.21%,
12/25/2065(b)
|
$
|
279,239
|
275,762
|
|
East One PLC (United Kingdom)
|
|
|
|
|
Series 2025-1, Class B, 5.14% (SONIA +
1.40%), 02/25/2058(b)(c)
|
GBP
|
139,999
|
189,133
|
|
Series 2025-1, Class C, 5.64% (SONIA +
1.90%), 02/25/2058(b)(c)
|
GBP
|
139,999
|
190,045
|
|
Series 2025-1, Class D, 5.99% (SONIA +
2.25%), 02/25/2058(b)(c)
|
GBP
|
139,999
|
189,523
|
|
Series 2025-1, Class E, 6.97% (SONIA +
3.23%), 02/25/2058(b)(c)
|
GBP
|
124,999
|
169,284
|
|
Eurohome UK Mortgages PLC (United
Kingdom)
|
|
|
|
|
Series 2007-1, Class M1, 4.17% (SONIA
+ 0.42%), 06/15/2044(b)(c)
|
GBP
|
140,000
|
187,442
|
|
Series 2007-1, Class M2, 4.37% (SONIA
+ 0.62%), 06/15/2044(b)(c)
|
GBP
|
140,000
|
185,949
|
|
Series 2007-2, Class B1, 5.27% (SONIA
+ 1.52%), 09/15/2044(b)(c)
|
GBP
|
140,000
|
187,655
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2025-CES2, Class A1, 5.18%,
09/25/2055(b)
|
$
|
266,911
|
264,998
|
|
Series 2025-HE1, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(c)
|
|
267,879
|
269,064
|
|
Series 2026-NQM4, Class A3, 5.82%,
06/25/2066(b)
|
|
213,407
|
212,666
|
|
Harvest Funding PLC (United Kingdom),
Series 1A, Class C, 0.00% (SONIA +
1.70%), 11/15/2069(b)(c)(d)
|
GBP
|
150,000
|
201,688
|
|
Lightpath Fiber Issuer LLC, Series 2026-
1A, Class B, 5.89%, 03/25/2056(b)
|
$
|
200,000
|
196,232
|
|
Morgan Stanley Residential Mortgage Loan
Trust, Series 2026-1, Class A3, 5.50%,
04/25/2056(b)(e)
|
|
276,909
|
275,734
|
|
Paragon Mortgages (No. 12) PLC (United
Kingdom), Series B1B, 2.76% (3 mo.
EURIBOR + 0.48%), 11/15/2038(b)(c)
|
EUR
|
141,405
|
158,730
|
|
Qdoba Funding LLC, Series 2026-1A,
Class A2, 6.70%, 06/14/2056(b)
|
$
|
340,000
|
340,045
|
|
RCKT Mortgage Trust, Series 2026-CES1,
Class A1A, 4.83%, 01/25/2056(b)
|
|
404,559
|
399,445
|
|
RMAC Securities No. 1 PLC (United
Kingdom)
|
|
|
|
|
Series 2006-NS4X, Class B1C, 3.25% (3
mo. EURIBOR + 0.85%),
06/12/2044(b)(c)
|
EUR
|
112,584
|
122,030
|
|
Series 2007-NS1X, Class B1, 3.60% (3
mo. EURIBOR + 1.20%),
06/12/2044(b)(c)
|
EUR
|
131,014
|
141,628
|
|
Structured Agency Credit Risk,
Series 2026-DNA1, Class M2, STACR,
4.92% (30 Day Average SOFR +
1.30%), 02/25/2046(b)(c)(f)
|
$
|
275,000
|
275,700
|
|
|
Principal
Amount
|
Value
|
|
|
Subway Funding LLC, Series 2024-1A,
Class A2I, 6.27%, 07/30/2054(b)
|
$
|
245,625
|
$247,185
|
|
VB-S1 Issuer LLC, Series 2026-1A,
Class C2, 4.69%, 03/15/2056(b)
|
|
150,000
|
145,535
|
|
Total Asset-Backed Securities
(Cost $5,389,199)
|
5,332,895
|
||
|
U.S. Dollar Denominated Bonds & Notes-24.95%
|
|||
|
Automobile Manufacturers-1.37%
|
|||
|
Ford Motor Credit Co. LLC, 4.13%,
08/17/2027
|
|
200,000
|
198,487
|
|
Automotive Parts & Equipment-1.40%
|
|||
|
United Rentals (North America), Inc.,
6.00%, 12/15/2029(b)
|
|
200,000
|
202,320
|
|
Cargo Ground Transportation-2.75%
|
|||
|
Fedex Freight Holding Co., Inc., 4.65%,
03/15/2031(b)
|
|
200,000
|
194,798
|
|
Penske Truck Leasing Co. L.P./PTL
Finance Corp., 6.05%, 08/01/2028(b)
|
|
200,000
|
204,316
|
|
|
|
|
399,114
|
|
Coal & Consumable Fuels-1.46%
|
|||
|
Promigas S.A. ESP/Gases del Pacifico SAC
(Colombia), 7.75%, 06/24/2056(b)(g)
|
|
207,000
|
211,285
|
|
Consumer Electronics-1.37%
|
|||
|
Telecommunications Co. Telekom Srbija
AD Belgrade (Serbia), 7.00%,
10/28/2029(b)
|
|
200,000
|
199,357
|
|
Consumer Finance-1.38%
|
|||
|
Muthoot Finance Ltd. (India), 6.38%,
04/23/2029(b)
|
|
200,000
|
199,722
|
|
Diversified Banks-1.29%
|
|||
|
HSBC Holdings PLC (United Kingdom),
4.60%(g)(h)
|
|
200,000
|
186,882
|
|
Diversified Capital Markets-1.40%
|
|||
|
UBS Group AG (Switzerland), 7.00%(b)(g)(h)
|
|
200,000
|
202,446
|
|
Electric Utilities-2.77%
|
|||
|
American Electric Power Co., Inc.,
Series C, 5.80%, 03/15/2056(g)
|
|
200,000
|
196,533
|
|
Pacific Gas and Electric Co., 5.90%,
06/15/2032
|
|
200,000
|
205,033
|
|
|
|
|
401,566
|
|
Integrated Oil & Gas-1.35%
|
|||
|
BP Capital Markets PLC, 4.88%(g)(h)
|
|
200,000
|
195,517
|
|
Integrated Telecommunication Services-2.90%
|
|||
|
Bell Canada (Canada), 6.88%,
09/15/2055(g)
|
|
200,000
|
201,807
|
|
Verizon Communications, Inc., 6.20%,
05/14/2056(g)
|
|
223,000
|
218,344
|
|
|
|
|
420,151
|
|
Multi-Utilities-1.37%
|
|||
|
Sempra, 4.13%, 04/01/2052(g)
|
|
200,000
|
198,574
|
|
Oil & Gas Storage & Transportation-2.76%
|
|||
|
Enbridge, Inc. (Canada), Series 20-A,
Conv., 5.75%, 07/15/2080(g)
|
|
200,000
|
199,794
|
|
Enterprise Products Operating LLC,
5.38%, 02/15/2078(g)
|
|
200,000
|
199,814
|
|
|
|
|
399,608
|
|
|
Principal
Amount
|
Value
|
|
|
Steel-1.38%
|
|||
|
Vale Overseas Ltd. (Brazil), 6.00%,
02/25/2056(b)(g)
|
$
|
200,000
|
$199,680
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $3,670,894)
|
3,614,709
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-18.07%
|
|||
|
Federal Home Loan Mortgage Corp. (FHLMC)-3.61%
|
|||
|
4.50%, 12/01/2054
|
|
550,797
|
523,309
|
|
Federal National Mortgage Association (FNMA)-14.46%
|
|||
|
4.50%, 07/01/2052 to 02/01/2056
|
|
2,219,483
|
2,094,897
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $2,751,702)
|
2,618,206
|
||
|
Non-U.S. Dollar Denominated Bonds & Notes-11.70%
|
|||
|
Diversified Banks-6.95%
|
|||
|
Barclays PLC (United Kingdom), 8.50%,
(g)(h)
|
GBP
|
200,000
|
285,525
|
|
BNP Paribas S.A. (France), 6.88%, (b)(g)(h)
|
EUR
|
200,000
|
244,863
|
|
BPCE S.A. (France), 5.13%,
01/25/2035(b)(g)
|
EUR
|
200,000
|
238,023
|
|
KBC Group N.V. (Belgium), 6.00%, (b)(g)(h)
|
EUR
|
200,000
|
238,163
|
|
|
|
|
1,006,574
|
|
Sovereign Debt-4.75%
|
|||
|
Republic of South Africa Government Bond
(South Africa), Series 2048, 8.75%,
02/28/2048
|
ZAR
|
12,000,000
|
688,461
|
|
Total Non-U.S. Dollar Denominated Bonds & Notes
(Cost $1,803,894)
|
1,695,035
|
||
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Securities-3.57%
|
|||
|
U.S. Treasury Bills-3.57%(i)
|
|||
|
3.64%–3.70%, 09/17/2026(j)
(Cost $516,509)
|
$
|
519,000
|
$516,632
|
|
|
|||
|
Agency Credit Risk Transfer Notes-2.07%
|
|||
|
Fannie Mae Connecticut Avenue Securities,
Series 2026-R01, Class 2M2, 4.97%
(30 Day Average SOFR + 1.35%),
01/25/2046(b)(c)(k)
(Cost $300,154)
|
|
300,000
|
299,768
|
|
|
Shares
|
|
|
|
Options Purchased-0.07%
|
|||
|
(Cost $35,198)†
|
10,531
|
||
|
Money Market Funds-0.19%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(l)(m)
(Cost $27,261)
|
|
27,261
|
27,261
|
|
TOTAL INVESTMENTS IN SECURITIES-97.43%
(Cost $14,494,811)
|
14,115,037
|
||
|
OTHER ASSETS LESS LIABILITIES-2.57%
|
371,874
|
||
|
NET ASSETS-100.00%
|
$14,486,911
|
||
|
Investment Abbreviations:
|
|
|
Conv.
|
-Convertible
|
|
EUR
|
-Euro
|
|
EURIBOR
|
-Euro Interbank Offered Rate
|
|
GBP
|
-British Pound Sterling
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
SONIA
|
-Sterling Overnight Index Average
|
|
STACR
|
-Structured Agency Credit Risk
|
|
ZAR
|
-South African Rand
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $7,967,636, which represented 55.00% of the Fund’s Net Assets.
|
|
(c)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(d)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(e)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on July 31, 2026.
|
|
(f)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(g)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(h)
|
Perpetual bond with no specified maturity date.
|
|
(i)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(j)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(k)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(l)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the period ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$-
|
$8,395,198
|
$(8,367,987
)
|
$-
|
$50
|
$27,261
|
$8,904
|
|
(m)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
†
|
The table below details options purchased.
|
|
Open Over-The-Counter Foreign Currency Options Purchased
|
||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Expiration
Date
|
Exercise
Price
|
Notional
Value
|
Value
|
||
|
Currency Risk
|
|
|
|
|
|
|
||
|
EUR versus USD
|
Call
|
Bank of America, N.A.
|
10/12/2026
|
USD
|
1
|
USD
|
175,000
|
$1,719
|
|
Subtotal — Foreign Currency Call Options Purchased
|
|
|
|
|
1,719
|
|||
|
Currency Risk
|
|
|
|
|
|
|
||
|
USD versus BRL
|
Put
|
Bank of America, N.A.
|
09/30/2026
|
BRL
|
5
|
BRL
|
100,000
|
4,293
|
|
EUR versus NOK
|
Put
|
Goldman Sachs International
|
11/13/2026
|
NOK
|
10
|
NOK
|
50,000
|
1,489
|
|
USD versus JPY
|
Put
|
Goldman Sachs International
|
02/05/2027
|
JPY
|
140
|
JPY
|
40,000
|
1,499
|
|
Subtotal — Foreign Currency Put Options Purchased
|
|
|
|
|
7,281
|
|||
|
Total Foreign Currency Options Purchased
|
|
|
|
|
$9,000
|
|||
|
Open Over-The-Counter Foreign Currency Options Written
|
||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Expiration
Date
|
Exercise
Price
|
Notional
Value
|
Value
|
||
|
Currency Risk
|
|
|
|
|
|
|
||
|
EUR versus NOK
|
Call
|
Goldman Sachs International
|
11/13/2026
|
NOK
|
11
|
NOK
|
500,000
|
$(5,035
)
|
|
Open Over-The-Counter Credit Default Swaptions Purchased
|
||||||||||
|
Counterparty
|
Type of
Contract
|
Exercise
Rate
|
Reference
Entity
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Expiration
Date
|
Implied
Credit
Spread
|
Notional
Value
|
Value
|
|
|
Credit Risk
|
|
|
|
|
|
|
|
|
||
|
Goldman Sachs International
|
Put
|
60
%
|
Markit CDX North America High
Yield Index, Series 46, Version 1
|
5
|
Quarterly
|
09/16/2026
|
0.529
%
|
USD
|
2,000,000
|
$1,531
|
|
Subtotal — Interest Rate Put Swaptions Purchased
|
|
|
|
|
|
|
|
1,531
|
||
|
Total Credit Default Swaptions Purchased
|
|
|
|
|
|
|
|
$1,531
|
||
|
Open Over-The-Counter Credit Default Swaptions Written
|
||||||||||||
|
Counterparty
|
Type of
Contract
|
Exercise
Rate
|
Reference
Entity
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Expiration
Date
|
Implied
Credit
Spread
|
Premiums
Received
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Credit Risk
|
|
|
|
|
|
|
|
|
|
|
||
|
Goldman Sachs
International
|
Put
|
375.00
%
|
Markit iTraxx
Europe Crossover
Index, Series 45,
Version 1
|
(5.00
)%
|
Quarterly
|
08/19/2026
|
2.613
%
|
$(8,126
)
|
EUR
|
(2,000,000
)
|
$(368
)
|
$7,758
|
|
Goldman Sachs
International
|
Put
|
105.00
|
Markit CDX North
America High Yield
Index, Series 46,
Version 2
|
(5.00
)
|
Quarterly
|
09/16/2026
|
3.115
|
(6,504
)
|
USD
|
(1,000,000
)
|
(2,532
)
|
3,972
|
|
Goldman Sachs
International
|
Put
|
312.50
|
Markit iTraxx
Europe Crossover
Index, Series 45,
Version 1
|
(5.00
)
|
Quarterly
|
09/16/2026
|
2.613
|
(5,586
)
|
EUR
|
(1,000,000
)
|
(3,353
)
|
2,233
|
|
J.P. Morgan
Chase Bank, N.A.
|
Put
|
350.00
|
Markit iTraxx
Europe Crossover
Index, Series 45,
Version 1
|
(5.00
)
|
Quarterly
|
12/16/2026
|
2.613
|
$(10,395
)
|
EUR
|
(1,250,000
)
|
$(10,995
)
|
$(600
)
|
|
Total Credit Default Swaptions Written
|
|
|
|
|
$(30,611
)
|
|
|
$(17,248
)
|
$13,363
|
|||
|
Open Over-The-Counter Interest Rate Swaptions Written
|
||||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Exercise
Rate
|
Pay/
Receive
Exercise
Rate
|
Floating
Rate Index
|
Payment
Frequency
|
Expiration
Date
|
Notional
Value
|
Value
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
|
|
|
|
|
10 Year Interest Rate Swap
|
Call
|
Bank of America, N.A.
|
4
%
|
Receive
|
SOFR
|
Annually
|
12/15/2026
|
USD
|
(4,000,000
)
|
$7,041
|
|
2 Year Interest Rate Swap
|
Call
|
Goldman Sachs International
|
4
|
Receive
|
SOFR
|
Annually
|
12/14/2026
|
USD
|
(8,000,000
)
|
526
|
|
10 Year Interest Rate Swap
|
Call
|
J.P. Morgan Chase Bank, N.A.
|
3
|
Receive
|
6 Month
EURIBOR
|
Semi-Annually
|
01/22/2027
|
EUR
|
(620,000
)
|
1,026
|
|
Subtotal—Interest Rate Call Swaptions Written
|
|
|
|
|
|
8,593
|
||||
|
Interest Rate Risk
|
|
|
|
|
|
|
|
|
|
|
|
2 Year Interest Rate Swap
|
Put
|
Morgan Stanley and Co.
International PLC
|
3
|
Pay
|
6 Month
EURIBOR
|
Semi-Annually
|
09/03/2026
|
EUR
|
(12,000,000
)
|
(15,179
)
|
|
2 Year Interest Rate Swap
|
Put
|
Morgan Stanley and Co.
International PLC
|
4
|
Pay
|
SOFR
|
Annually
|
12/09/2026
|
USD
|
(24,000,000
)
|
(13,932
)
|
|
Open Over-The-Counter Interest Rate Swaptions Written—(continued)
|
||||||||||
|
Description
|
Type of
Contract
|
Counterparty
|
Exercise
Rate
|
Pay/
Receive
Exercise
Rate
|
Floating
Rate Index
|
Payment
Frequency
|
Expiration
Date
|
Notional
Value
|
Value
|
|
|
2 Year Interest Rate Swap
|
Put
|
Morgan Stanley and Co.
International PLC
|
3
%
|
Pay
|
6 Month
EURIBOR
|
Semi-Annually
|
12/21/2026
|
EUR
|
(4,180,000
)
|
$(2,287
)
|
|
Subtotal—Interest Rate Put Swaptions Written
|
|
|
|
|
|
(31,398
)
|
||||
|
Total Interest Rate Swaptions Written
|
|
|
|
|
|
|
$(22,805
)
|
|||
|
Open Centrally Cleared Credit Default Swap Agreements
|
|||||||||
|
Reference Entity
|
Buy/Sell
Protection
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity Date
|
Implied
Credit
Spread
|
Notional
Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Credit Risk
|
|||||||||
|
Markit iTraxx Europe
Crossover Index,
Series 45, Version 1
|
Buy
|
(5.00)%
|
Quarterly
|
06/20/2031
|
2.613%
|
EUR
750,000
|
$(77,370
)
|
$(90,700
)
|
$(13,330
)
|
|
Markit iTraxx Europe
Crossover Index,
Series 44, Version 1
|
Sell
|
5.00
|
Quarterly
|
12/20/2030
|
1.810
|
EUR
1,000,000
|
167,838
|
156,378
|
(11,460
)
|
|
Subtotal Depreciation
|
90,468
|
65,678
|
(24,790
)
|
||||||
|
Total Credit Default Swap Agreements
|
$90,468
|
$65,678
|
$(24,790
)
|
||||||
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
9/16/2026
|
Morgan Stanley Bank, N.A.
|
EUR
|
1,020,884
|
USD
|
1,194,732
|
$17,894
|
|
9/16/2026
|
Morgan Stanley Bank, N.A.
|
GBP
|
1,477,603
|
USD
|
1,990,349
|
1,907
|
|
9/16/2026
|
Morgan Stanley Bank, N.A.
|
ZAR
|
7,244,910
|
USD
|
442,864
|
6,792
|
|
Subtotal—Appreciation
|
26,593
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
9/16/2026
|
Bank of America, N.A.
|
USD
|
533,250
|
EUR
|
460,000
|
(2,979
)
|
|
9/16/2026
|
Morgan Stanley Bank, N.A.
|
USD
|
351,088
|
EUR
|
300,000
|
(5,258
)
|
|
Subtotal—Depreciation
|
(8,237
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$18,356
|
|||||
|
Open Centrally Cleared Interest Rate Swap Agreements
|
||||||||||
|
Pay/
Receive
Floating
Rate
|
Floating Rate
Index
|
Payment
Frequency
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity
Date
|
Notional Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
|
Interest Rate Risk
|
||||||||||
|
Pay
|
3M JIBAR
|
Quarterly
|
8.15
%
|
Quarterly
|
06/17/2036
|
ZAR
|
12,000,000
|
$-
|
$3
|
$3
|
|
Pay
|
BZDIOVR
|
Annually
|
14.17
%
|
Annually
|
01/02/2029
|
BRL
|
17,635,991
|
-
|
10,221
|
10,221
|
|
Receive
|
SOFR
|
Annually
|
4.26
%
|
Annually
|
07/06/2056
|
USD
|
950,000
|
-
|
40,376
|
40,376
|
|
Subtotal — Appreciation
|
-
|
50,600
|
50,600
|
|||||||
|
Interest Rate Risk
|
||||||||||
|
Pay
|
6M BBR BBSW
|
Semi Annually
|
4.96
%
|
Semi Annually
|
07/15/2036
|
AUD
|
1,300,000
|
(34
)
|
(7,495
)
|
(7,461
)
|
|
Subtotal — Depreciation
|
(34
)
|
(7,495
)
|
(7,461
)
|
|||||||
|
Total Centrally Cleared Interest Rate Swap Agreements
|
$(34
)
|
$43,139
|
$43,139
|
|||||||
|
Abbreviations:
|
|
|
AUD
|
—Australian Dollar
|
|
BBSW
|
—Bank Bill Swap Rate
|
|
BRL
|
—Brazilian Real
|
|
BZDIOVR
|
—Brazil Ceptip DI Interbank Deposit Rate
|
|
EUR
|
—Euro
|
|
GBP
|
—British Pound Sterling
|
|
JIBAR
|
—Johannesburg Interbank Average Rate
|
|
JPY
|
—Japanese Yen
|
|
NOK
|
—Norwegian Krone
|
|
SOFR
|
—Secured Overnight Financing Rate
|
|
USD
|
—U.S. Dollar
|
|
ZAR
|
—South African Rand
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.74%
|
|||
|
Aerospace & Defense-0.24%
|
|||
|
Howmet Aerospace, Inc.
|
|
1,501
|
$423,672
|
|
Agricultural & Farm Machinery-0.07%
|
|||
|
Kubota Corp. (Japan)
|
|
6,722
|
113,956
|
|
Agricultural Products & Services-0.22%
|
|||
|
Archer-Daniels-Midland Co.
|
|
4,810
|
381,289
|
|
Air Freight & Logistics-0.90%
|
|||
|
Deutsche Post AG (Germany)
|
|
7,493
|
499,418
|
|
FedEx Corp.
|
|
1,380
|
424,212
|
|
JD Logistics, Inc. (China)(b)(c)
|
|
96,862
|
185,756
|
|
Nippon Express Holdings, Inc., Class H (Japan)
|
|
7,409
|
244,336
|
|
United Parcel Service, Inc., Class B
|
|
2,091
|
217,924
|
|
|
|
|
1,571,646
|
|
Airport Services-0.10%
|
|||
|
Aena S.M.E. S.A. (Spain)(b)
|
|
5,575
|
171,478
|
|
Aluminum-0.18%
|
|||
|
Hindalco Industries Ltd., GDR (India)(b)
|
|
19,489
|
199,601
|
|
Norsk Hydro ASA (Norway)
|
|
12,973
|
119,579
|
|
|
|
|
319,180
|
|
Apparel Retail-1.15%
|
|||
|
Fast Retailing Co. Ltd. (Japan)
|
|
510
|
249,543
|
|
Industria de Diseno Textil S.A. (Spain)
|
|
5,994
|
390,308
|
|
Ross Stores, Inc.
|
|
2,238
|
561,895
|
|
TJX Cos., Inc. (The)
|
|
5,067
|
797,242
|
|
|
|
|
1,998,988
|
|
Apparel, Accessories & Luxury Goods-0.80%
|
|||
|
Burberry Group PLC (United Kingdom)(c)
|
|
7,962
|
128,144
|
|
Kering S.A. (France)
|
|
528
|
173,886
|
|
LVMH Moet Hennessy Louis Vuitton SE
(France)
|
|
510
|
279,428
|
|
Moncler S.p.A. (Italy)
|
|
1,838
|
104,308
|
|
Ralph Lauren Corp.
|
|
705
|
268,140
|
|
Tapestry, Inc.
|
|
2,939
|
447,815
|
|
|
|
|
1,401,721
|
|
Application Software-1.27%
|
|||
|
Adobe, Inc.(c)
|
|
1,717
|
429,954
|
|
Autodesk, Inc.(c)
|
|
816
|
191,107
|
|
DocuSign, Inc.(c)
|
|
3,248
|
178,088
|
|
Intuit, Inc.
|
|
508
|
160,564
|
|
Palantir Technologies, Inc., Class A(c)
|
|
3,637
|
447,569
|
|
Salesforce, Inc.
|
|
1,871
|
344,302
|
|
Synopsys, Inc.(c)
|
|
217
|
84,361
|
|
Temenos AG (Switzerland)
|
|
1,416
|
117,702
|
|
Zoom Communications, Inc., Class A(c)
|
|
2,791
|
268,131
|
|
|
|
|
2,221,778
|
|
Asset Management & Custody Banks-1.27%
|
|||
|
Ameriprise Financial, Inc.
|
|
288
|
157,202
|
|
Bank of New York Mellon Corp. (The)
|
|
5,404
|
844,807
|
|
Brookfield Corp. (Canada)
|
|
3,241
|
137,648
|
|
Northern Trust Corp.
|
|
2,292
|
417,579
|
|
State Street Corp.
|
|
3,536
|
651,190
|
|
|
|
|
2,208,426
|
|
Automobile Manufacturers-1.46%
|
|||
|
Ford Motor Co.
|
|
14,617
|
214,578
|
|
Geely Automobile Holdings Ltd. (China)
|
|
43,264
|
109,601
|
|
General Motors Co.
|
|
3,714
|
330,026
|
|
Kia Corp. (South Korea)
|
|
1,495
|
134,789
|
|
|
Shares
|
Value
|
|
|
Automobile Manufacturers-(continued)
|
|||
|
Mahindra & Mahindra Ltd., GDR (India)(b)
|
|
3,119
|
$109,941
|
|
Tesla, Inc.(c)
|
|
4,932
|
1,534,888
|
|
Toyota Motor Corp. (Japan)
|
|
5,672
|
107,260
|
|
|
|
|
2,541,083
|
|
Automotive Parts & Equipment-0.10%
|
|||
|
Aptiv PLC(c)
|
|
1,605
|
90,635
|
|
Sumitomo Electric Industries Ltd. (Japan)
|
|
6,518
|
86,201
|
|
|
|
|
176,836
|
|
Automotive Retail-0.07%
|
|||
|
O’Reilly Automotive, Inc., Class R(c)
|
|
1,379
|
123,214
|
|
Biotechnology-1.28%
|
|||
|
AbbVie, Inc.
|
|
3,471
|
871,013
|
|
Amgen, Inc.
|
|
1,481
|
570,422
|
|
Biogen, Inc.(c)
|
|
1,048
|
212,691
|
|
Gilead Sciences, Inc.
|
|
2,600
|
338,546
|
|
Incyte Corp.(c)
|
|
2,052
|
245,255
|
|
|
|
|
2,237,927
|
|
Brewers-0.54%
|
|||
|
Ambev S.A. (Brazil)
|
|
63,300
|
199,220
|
|
Anheuser-Busch InBev S.A./N.V. (Belgium)
|
|
4,522
|
391,868
|
|
Heineken N.V. (Netherlands)
|
|
2,188
|
197,656
|
|
Kirin Holdings Co. Ltd. (Japan)
|
|
8,658
|
160,050
|
|
|
|
|
948,794
|
|
Broadline Retail-3.31%
|
|||
|
Alibaba Group Holding Ltd. (China)
|
|
20,072
|
305,796
|
|
Amazon.com, Inc.(c)
|
|
17,431
|
4,733,911
|
|
eBay, Inc.
|
|
2,182
|
248,770
|
|
Naspers Ltd. (South Africa)
|
|
2,703
|
141,765
|
|
Prosus N.V. (Netherlands)(c)
|
|
3,054
|
141,608
|
|
Wesfarmers Ltd. (Australia)
|
|
3,302
|
206,440
|
|
|
|
|
5,778,290
|
|
Building Products-0.55%
|
|||
|
Allegion PLC
|
|
1,482
|
233,267
|
|
Johnson Controls International PLC
|
|
2,830
|
415,048
|
|
Trane Technologies PLC
|
|
688
|
313,005
|
|
|
|
|
961,320
|
|
Cargo Ground Transportation-0.05%
|
|||
|
FedEx Freight Holding Co., Inc.(c)
|
|
683
|
95,982
|
|
Commercial Printing-0.06%
|
|||
|
Dai Nippon Printing Co. Ltd. (Japan)
|
|
5,806
|
105,196
|
|
Commodity Chemicals-0.12%
|
|||
|
Dow, Inc.
|
|
3,357
|
101,683
|
|
LyondellBasell Industries N.V., Class A
|
|
1,734
|
107,647
|
|
|
|
|
209,330
|
|
Communications Equipment-1.43%
|
|||
|
Accton Technology Corp. (Taiwan)
|
|
3,000
|
194,451
|
|
Arista Networks, Inc.(c)
|
|
2,653
|
478,469
|
|
Ciena Corp.(c)
|
|
635
|
239,427
|
|
Cisco Systems, Inc.
|
|
8,749
|
1,014,796
|
|
Lumentum Holdings, Inc.(c)
|
|
131
|
93,526
|
|
Motorola Solutions, Inc.
|
|
492
|
214,389
|
|
Nokia OYJ (Finland)
|
|
12,830
|
118,319
|
|
Telefonaktiebolaget LM Ericsson, Class B
(Sweden)
|
|
15,052
|
147,786
|
|
|
|
|
2,501,163
|
|
|
Shares
|
Value
|
|
|
Computer & Electronics Retail-0.14%
|
|||
|
Best Buy Co., Inc.
|
|
2,800
|
$241,528
|
|
Construction & Engineering-1.30%
|
|||
|
ACS Actividades de Construccion y Servicios
S.A. (Spain)
|
|
2,598
|
330,423
|
|
Bouygues S.A. (France)
|
|
7,212
|
405,335
|
|
Eiffage S.A. (France)
|
|
1,965
|
278,655
|
|
EMCOR Group, Inc.
|
|
289
|
230,457
|
|
Ferrovial N.V.
|
|
2,060
|
134,638
|
|
HOCHTIEF AG (Germany)
|
|
338
|
172,843
|
|
Vinci S.A. (France)
|
|
4,410
|
621,257
|
|
WSP Global, Inc. (Canada)
|
|
778
|
94,984
|
|
|
|
|
2,268,592
|
|
Construction Machinery & Heavy Transportation Equipment-0.67%
|
|||
|
Cummins, Inc.
|
|
735
|
466,137
|
|
Epiroc AB, Class A (Sweden)
|
|
4,166
|
106,603
|
|
HD Korea Shipbuilding & Offshore Engineering
Co. Ltd. (South Korea)
|
|
408
|
108,349
|
|
Knorr-Bremse AG (Germany)
|
|
1,023
|
121,397
|
|
Metso OYJ (Finland)
|
|
6,157
|
114,988
|
|
Volvo AB, Class B (Sweden)
|
|
3,337
|
127,408
|
|
Weichai Power Co. Ltd., H Shares (China)
|
|
29,119
|
121,765
|
|
|
|
|
1,166,647
|
|
Construction Materials-0.08%
|
|||
|
CRH PLC
|
|
1,538
|
146,125
|
|
Consumer Electronics-0.22%
|
|||
|
Panasonic Holdings Corp. (Japan)
|
|
3,981
|
105,188
|
|
Sony Group Corp. (Japan)
|
|
11,700
|
273,210
|
|
|
|
|
378,398
|
|
Consumer Finance-0.21%
|
|||
|
American Express Co.
|
|
1,090
|
366,513
|
|
Consumer Staples Merchandise Retail-0.74%
|
|||
|
Dollar Tree, Inc.(c)
|
|
2,157
|
274,392
|
|
Target Corp.
|
|
1,575
|
227,572
|
|
Wal-Mart de Mexico S.A.B. de C.V., Series V
(Mexico)
|
|
29,667
|
85,921
|
|
Walmart, Inc.
|
|
6,285
|
698,892
|
|
|
|
|
1,286,777
|
|
Copper-0.18%
|
|||
|
Freeport-McMoRan, Inc.
|
|
1,807
|
113,172
|
|
Southern Copper Corp. (Mexico)
|
|
1,059
|
193,490
|
|
|
|
|
306,662
|
|
Data Processing & Outsourced Services-0.17%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
768
|
118,234
|
|
SS&C Technologies Holdings, Inc.
|
|
2,404
|
185,228
|
|
|
|
|
303,462
|
|
Diversified Banks-9.27%
|
|||
|
Absa Group Ltd. (South Africa)
|
|
9,817
|
135,061
|
|
AIB Group PLC (Ireland)
|
|
17,004
|
201,783
|
|
ANZ Group Holdings Ltd. (Australia)
|
|
10,424
|
271,929
|
|
Banco Bradesco S.A., Preference Shares
(Brazil)
|
|
27,200
|
98,668
|
|
Banco Santander S.A. (Spain)(d)
|
|
40,464
|
574,193
|
|
Bank of America Corp.
|
|
16,684
|
1,033,574
|
|
Bank of China Ltd., H Shares (China)
|
|
157,826
|
110,727
|
|
Bank of Nova Scotia (The) (Canada)
|
|
2,454
|
215,111
|
|
Bank Polska Kasa Opieki S.A. (Poland)
|
|
1,754
|
115,375
|
|
Barclays PLC (United Kingdom)
|
|
26,096
|
179,106
|
|
BNP Paribas S.A. (France)
|
|
1,062
|
134,643
|
|
|
Shares
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
BOC Hong Kong (Holdings) Ltd. (China)
|
|
14,999
|
$99,755
|
|
CaixaBank S.A. (Spain)
|
|
9,259
|
134,196
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
4,723
|
559,010
|
|
Citigroup, Inc.
|
|
7,207
|
954,567
|
|
Commonwealth Bank of Australia (Australia)(d)
|
|
1,533
|
191,278
|
|
CTBC Financial Holding Co. Ltd. (Taiwan)
|
|
61,297
|
122,345
|
|
Danske Bank A/S (Denmark)
|
|
10,012
|
574,879
|
|
DNB Bank ASA (Norway)
|
|
4,047
|
130,216
|
|
E.Sun Financial Holding Co. Ltd. (Taiwan)
|
|
99,573
|
118,762
|
|
First Abu Dhabi Bank PJSC (United Arab
Emirates)
|
|
20,463
|
107,783
|
|
First Financial Holding Co. Ltd. (Taiwan)
|
|
156,128
|
177,371
|
|
Grupo Financiero Banorte S.A.B. de C.V.,
Class O (Mexico)
|
|
15,176
|
175,443
|
|
Hana Financial Group, Inc. (South Korea)
|
|
1,562
|
135,018
|
|
HDFC Bank Ltd., ADR (India)
|
|
10,090
|
241,454
|
|
HSBC Holdings PLC (United Kingdom)
|
|
38,392
|
816,356
|
|
ICICI Bank Ltd., ADR (India)
|
|
3,603
|
108,054
|
|
Industrial & Commercial Bank of China Ltd., H
Shares (China)
|
|
279,074
|
266,986
|
|
ING Groep N.V. (Netherlands)
|
|
13,367
|
468,678
|
|
Itau Unibanco Holding S.A., Preference Shares
(Brazil)
|
|
10,900
|
92,016
|
|
JPMorgan Chase & Co.
|
|
3,931
|
1,382,887
|
|
Jyske Bank A/S (Denmark)
|
|
2,110
|
334,150
|
|
KB Financial Group, Inc. (South Korea)
|
|
2,112
|
247,182
|
|
Lloyds Banking Group PLC (United Kingdom)
|
|
151,297
|
233,500
|
|
Mitsubishi UFJ Financial Group, Inc. (Japan)
|
|
8,244
|
184,003
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
3,339
|
172,977
|
|
NatWest Group PLC (United Kingdom)
|
|
15,299
|
144,096
|
|
Nordea Bank Abp (Finland)
|
|
21,459
|
432,134
|
|
Royal Bank of Canada (Canada)(d)
|
|
1,527
|
319,376
|
|
Shinhan Financial Group Co. Ltd. (South
Korea)
|
|
3,459
|
240,124
|
|
Societe Generale S.A. (France)
|
|
1,257
|
117,887
|
|
Standard Bank Group Ltd. (South Africa)
|
|
14,912
|
296,390
|
|
Standard Chartered PLC (United Kingdom)
|
|
5,219
|
154,084
|
|
State Bank of India, GDR (India)(b)(d)
|
|
2,448
|
266,709
|
|
Sumitomo Mitsui Financial Group, Inc. (Japan)
|
|
3,472
|
149,076
|
|
Sumitomo Mitsui Trust Group, Inc. (Japan)
|
|
26,412
|
271,382
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
11,259
|
1,348,656
|
|
U.S. Bancorp
|
|
11,063
|
697,080
|
|
UniCredit S.p.A. (Italy)
|
|
1,401
|
131,833
|
|
Wells Fargo & Co.
|
|
4,620
|
399,399
|
|
Westpac Banking Corp. (Australia)
|
|
4,039
|
106,905
|
|
|
|
|
16,174,167
|
|
Diversified Capital Markets-0.29%
|
|||
|
Macquarie Group Ltd. (Australia)
|
|
1,199
|
212,452
|
|
UBS Group AG (Switzerland)
|
|
5,704
|
301,276
|
|
|
|
|
513,728
|
|
Diversified Chemicals-0.14%
|
|||
|
Mitsubishi Chemical Group Corp. (Japan)
|
|
17,895
|
131,587
|
|
Sumitomo Chemical Co. Ltd. (Japan)
|
|
32,898
|
106,372
|
|
|
|
|
237,959
|
|
Diversified Financial Services-0.17%
|
|||
|
ORIX Corp. (Japan)
|
|
4,482
|
180,754
|
|
Yuanta Financial Holding Co. Ltd. (Taiwan)
|
|
58,000
|
120,999
|
|
|
|
|
301,753
|
|
|
Shares
|
Value
|
|
|
Diversified Metals & Mining-0.88%
|
|||
|
Anglo American PLC (South Africa)
|
|
3,088
|
$156,087
|
|
BHP Group Ltd. (Australia)
|
|
13,377
|
562,807
|
|
Glencore PLC (Australia)(c)
|
|
32,022
|
235,503
|
|
Grupo Mexico S.A.B. de C.V., Class B (Mexico)
|
|
22,175
|
265,480
|
|
Rio Tinto PLC (Australia)
|
|
1,807
|
175,325
|
|
Teck Resources Ltd., Class B (Canada)
|
|
2,342
|
140,836
|
|
|
|
|
1,536,038
|
|
Diversified Real Estate Activities-0.07%
|
|||
|
Mitsubishi Estate Co. Ltd. (Japan)
|
|
5,194
|
126,001
|
|
Diversified Support Services-0.17%
|
|||
|
ISS A/S (Denmark)
|
|
6,605
|
292,078
|
|
Electric Utilities-1.43%
|
|||
|
Acciona S.A. (Spain)
|
|
501
|
137,487
|
|
American Electric Power Co., Inc.
|
|
2,284
|
292,009
|
|
Axia Energia S.A. (Brazil)
|
|
9,600
|
99,805
|
|
CLP Holdings Ltd. (Hong Kong)
|
|
13,750
|
136,721
|
|
Edison International
|
|
8,012
|
587,841
|
|
Endesa S.A. (Spain)
|
|
4,556
|
221,354
|
|
Enel S.p.A. (Italy)
|
|
26,760
|
301,530
|
|
Eversource Energy
|
|
3,880
|
277,769
|
|
Exelon Corp.
|
|
4,682
|
214,529
|
|
SSE PLC (United Kingdom)
|
|
3,899
|
123,000
|
|
Tenaga Nasional Bhd. (Malaysia)
|
|
30,300
|
108,246
|
|
|
|
|
2,500,291
|
|
Electrical Components & Equipment-1.26%
|
|||
|
ABB Ltd. (Switzerland)
|
|
5,054
|
498,252
|
|
Acuity, Inc.
|
|
379
|
124,460
|
|
Eaton Corp. PLC
|
|
391
|
162,343
|
|
Emerson Electric Co.
|
|
2,015
|
301,887
|
|
Prysmian S.p.A. (Italy)
|
|
942
|
129,697
|
|
Regal Rexnord Corp.
|
|
551
|
113,082
|
|
Rockwell Automation, Inc.
|
|
922
|
442,634
|
|
Schneider Electric SE (France)
|
|
951
|
318,802
|
|
WEG S.A. (Brazil)
|
|
11,100
|
103,121
|
|
|
|
|
2,194,278
|
|
Electronic Components-0.70%
|
|||
|
Coherent Corp.(c)
|
|
320
|
84,125
|
|
Delta Electronics (Thailand) PCL, Foreign
Shares (Thailand)
|
|
12,834
|
105,083
|
|
Delta Electronics, Inc. (Taiwan)
|
|
4,340
|
213,518
|
|
Elite Material Co. Ltd. (Taiwan)
|
|
1,000
|
143,553
|
|
Ibiden Co. Ltd. (Japan)
|
|
814
|
81,373
|
|
Kyocera Corp. (Japan)
|
|
5,602
|
127,667
|
|
Murata Manufacturing Co. Ltd. (Japan)
|
|
4,482
|
204,066
|
|
Samsung Electro-Mechanics Co. Ltd. (South
Korea)
|
|
118
|
90,169
|
|
TDK Corp. (Japan)
|
|
6,926
|
133,076
|
|
Yageo Corp. (Taiwan)
|
|
3,000
|
45,154
|
|
|
|
|
1,227,784
|
|
Electronic Equipment & Instruments-0.48%
|
|||
|
Chroma ATE, Inc. (Taiwan)
|
|
2,000
|
125,652
|
|
Halma PLC (United Kingdom)
|
|
3,991
|
190,396
|
|
Keyence Corp. (Japan)
|
|
306
|
153,370
|
|
Keysight Technologies, Inc.(c)
|
|
1,143
|
364,708
|
|
|
|
|
834,126
|
|
Electronic Manufacturing Services-0.34%
|
|||
|
Flex Ltd.(c)
|
|
1,364
|
155,155
|
|
|
Shares
|
Value
|
|
|
Electronic Manufacturing Services-(continued)
|
|||
|
Hon Hai Precision Industry Co. Ltd. (Taiwan)
|
|
33,779
|
$257,970
|
|
Jabil, Inc.
|
|
595
|
187,455
|
|
|
|
|
600,580
|
|
Fertilizers & Agricultural Chemicals-0.42%
|
|||
|
CF Industries Holdings, Inc.
|
|
1,453
|
181,901
|
|
Corteva, Inc.
|
|
4,205
|
330,976
|
|
UPL Ltd., GDR (India)
|
|
6,381
|
89,009
|
|
Yara International ASA (Brazil)
|
|
2,602
|
122,654
|
|
|
|
|
724,540
|
|
Financial Exchanges & Data-0.34%
|
|||
|
B3 S.A. - Brasil, Bolsa, Balcao (Brazil)
|
|
54,200
|
167,807
|
|
Nasdaq, Inc.
|
|
2,665
|
251,016
|
|
S&P Global, Inc.
|
|
411
|
169,303
|
|
|
|
|
588,126
|
|
Food Retail-0.40%
|
|||
|
George Weston Ltd. (Canada)
|
|
1,400
|
104,557
|
|
Koninklijke Ahold Delhaize N.V. (Netherlands)
|
|
9,096
|
358,982
|
|
Seven & i Holdings Co. Ltd. (Japan)
|
|
7,842
|
103,908
|
|
Woolworths Group Ltd. (Australia)
|
|
4,633
|
129,048
|
|
|
|
|
696,495
|
|
Footwear-0.06%
|
|||
|
Asics Corp. (Japan)
|
|
3,838
|
113,076
|
|
Gold-0.61%
|
|||
|
Agnico Eagle Mines Ltd. (Canada)
|
|
2,277
|
330,338
|
|
Franco-Nevada Corp. (Canada)
|
|
421
|
89,503
|
|
Newmont Corp.
|
|
4,098
|
384,024
|
|
OceanaGold Corp. (Australia)
|
|
5,976
|
143,985
|
|
Wheaton Precious Metals Corp. (Canada)
|
|
1,139
|
123,801
|
|
|
|
|
1,071,651
|
|
Health Care Distributors-0.18%
|
|||
|
Cardinal Health, Inc.
|
|
1,335
|
307,090
|
|
Health Care Equipment-0.48%
|
|||
|
Becton, Dickinson and Co.
|
|
858
|
142,102
|
|
Edwards Lifesciences Corp.(c)
|
|
1,209
|
104,059
|
|
Intuitive Surgical, Inc.(c)
|
|
554
|
195,745
|
|
Koninklijke Philips N.V. (Netherlands)
|
|
4,271
|
112,278
|
|
Medtronic PLC
|
|
2,158
|
184,271
|
|
Smith & Nephew PLC (United Kingdom)
|
|
5,904
|
92,219
|
|
|
|
|
830,674
|
|
Health Care Facilities-0.17%
|
|||
|
Rede D’Or Sao Luiz S.A. (Brazil)(b)
|
|
13,948
|
95,098
|
|
Universal Health Services, Inc., Class B
|
|
1,206
|
203,138
|
|
|
|
|
298,236
|
|
Health Care Services-0.25%
|
|||
|
Cigna Group (The)
|
|
505
|
140,920
|
|
CVS Health Corp.
|
|
2,905
|
303,369
|
|
|
|
|
444,289
|
|
Health Care Supplies-0.06%
|
|||
|
Hoya Corp. (Japan)
|
|
712
|
108,795
|
|
Heavy Electrical Equipment-0.66%
|
|||
|
GE Vernova, Inc.
|
|
471
|
466,427
|
|
HD Hyundai Electric Co. Ltd. (South Korea)
|
|
155
|
71,676
|
|
Mitsubishi Electric Corp. (Japan)
|
|
4,801
|
172,817
|
|
Siemens Energy AG, Class A (Germany)
|
|
1,225
|
208,811
|
|
Vestas Wind Systems A/S (Denmark)
|
|
8,820
|
236,873
|
|
|
|
|
1,156,604
|
|
|
Shares
|
Value
|
|
|
Highways & Railtracks-0.08%
|
|||
|
Getlink SE (France)
|
|
6,400
|
$136,222
|
|
Home Improvement Retail-0.35%
|
|||
|
Kingfisher PLC (United Kingdom)
|
|
24,268
|
101,094
|
|
Lowe’s Cos., Inc.
|
|
2,484
|
516,200
|
|
|
|
|
617,294
|
|
Homefurnishing Retail-0.20%
|
|||
|
Williams-Sonoma, Inc.
|
|
1,501
|
343,219
|
|
Hotel & Resort REITs-0.38%
|
|||
|
Host Hotels & Resorts, Inc.
|
|
26,360
|
662,427
|
|
Hotels, Resorts & Cruise Lines-1.32%
|
|||
|
Airbnb, Inc., Class A(c)
|
|
2,175
|
329,556
|
|
Booking Holdings, Inc.
|
|
2,657
|
512,535
|
|
Carnival Corp. Ltd.
|
|
8,286
|
230,434
|
|
Expedia Group, Inc.
|
|
2,103
|
619,838
|
|
H World Group Ltd., ADR (China)
|
|
2,175
|
92,851
|
|
Marriott International, Inc., Class A
|
|
1,024
|
381,778
|
|
Royal Caribbean Cruises Ltd.
|
|
411
|
130,821
|
|
|
|
|
2,297,813
|
|
Household Products-0.48%
|
|||
|
Colgate-Palmolive Co.
|
|
3,615
|
330,050
|
|
Procter & Gamble Co. (The)
|
|
3,456
|
499,357
|
|
|
|
|
829,407
|
|
Human Resource & Employment Services-0.32%
|
|||
|
Automatic Data Processing, Inc.
|
|
929
|
247,541
|
|
Recruit Holdings Co. Ltd. (Japan)
|
|
3,958
|
312,766
|
|
|
|
|
560,307
|
|
Independent Power Producers & Energy Traders-0.07%
|
|||
|
Vistra Corp.
|
|
871
|
129,073
|
|
Industrial Conglomerates-0.59%
|
|||
|
CITIC Ltd. (China)
|
|
66,204
|
104,217
|
|
CK Hutchison Holdings Ltd. (Hong Kong)
|
|
35,138
|
329,251
|
|
Hitachi Ltd. (Japan)
|
|
7,020
|
229,876
|
|
Siemens AG (Germany)
|
|
873
|
285,391
|
|
SK Square Co. Ltd. (South Korea)(c)
|
|
112
|
77,013
|
|
|
|
|
1,025,748
|
|
Industrial Gases-0.12%
|
|||
|
Linde PLC
|
|
431
|
206,182
|
|
Industrial Machinery & Supplies & Components-1.50%
|
|||
|
Dover Corp.
|
|
441
|
90,237
|
|
FANUC Corp. (Japan)
|
|
3,963
|
159,571
|
|
Konecranes OYJ (Finland)
|
|
3,577
|
111,336
|
|
Makita Corp. (Japan)
|
|
3,462
|
111,428
|
|
Nordson Corp.
|
|
1,241
|
369,545
|
|
Parker-Hannifin Corp.
|
|
838
|
818,332
|
|
Pentair PLC
|
|
1,653
|
108,172
|
|
Sandvik AB (Sweden)
|
|
11,921
|
444,951
|
|
SMC Corp. (Japan)
|
|
306
|
132,111
|
|
Stanley Black & Decker, Inc.
|
|
1,344
|
127,116
|
|
Xylem, Inc.
|
|
1,204
|
140,832
|
|
|
|
|
2,613,631
|
|
Industrial REITs-0.26%
|
|||
|
Prologis, Inc.
|
|
3,163
|
457,401
|
|
Integrated Oil & Gas-2.80%
|
|||
|
BP PLC
|
|
39,378
|
295,414
|
|
Chevron Corp.
|
|
5,001
|
984,347
|
|
Eni S.p.A. (Italy)
|
|
3,647
|
101,219
|
|
Equinor ASA (Norway)
|
|
3,818
|
156,622
|
|
|
Shares
|
Value
|
|
|
Integrated Oil & Gas-(continued)
|
|||
|
ExxonMobil Holdings Corp.
|
|
7,792
|
$1,211,188
|
|
Occidental Petroleum Corp.
|
|
5,410
|
308,749
|
|
PetroChina Co. Ltd., H Shares (China)
|
|
258,704
|
329,224
|
|
Petroleo Brasileiro S.A., Preference Shares
(Brazil)
|
|
57,586
|
492,139
|
|
Repsol S.A. (Spain)
|
|
3,543
|
107,892
|
|
Saudi Arabian Oil Co. (Saudi Arabia)(b)
|
|
48,926
|
345,184
|
|
Shell PLC (United Kingdom)
|
|
9,825
|
449,040
|
|
TotalEnergies SE (France)
|
|
1,205
|
105,994
|
|
|
|
|
4,887,012
|
|
Integrated Telecommunication Services-0.80%
|
|||
|
AT&T, Inc.
|
|
17,277
|
401,690
|
|
Chunghwa Telecom Co. Ltd. (Taiwan)
|
|
25,000
|
107,486
|
|
Comcast Corp., Class A
|
|
12,891
|
308,869
|
|
Deutsche Telekom AG (Germany)
|
|
3,130
|
96,377
|
|
NTT, Inc. (Japan)
|
|
112,954
|
108,187
|
|
Verizon Communications, Inc.
|
|
8,152
|
381,595
|
|
|
|
|
1,404,204
|
|
Interactive Home Entertainment-0.12%
|
|||
|
Electronic Arts, Inc.
|
|
958
|
201,046
|
|
Interactive Media & Services-5.30%
|
|||
|
Alphabet, Inc., Class A
|
|
10,103
|
3,597,981
|
|
Alphabet, Inc., Class C
|
|
8,176
|
2,915,970
|
|
Meta Platforms, Inc., Class A
|
|
3,960
|
2,204,572
|
|
Tencent Holdings Ltd. (China)
|
|
8,689
|
530,978
|
|
|
|
|
9,249,501
|
|
Internet Services & Infrastructure-0.19%
|
|||
|
MongoDB, Inc.(c)
|
|
443
|
149,504
|
|
Shopify, Inc., Class A (Canada)(c)
|
|
1,496
|
175,081
|
|
|
|
|
324,585
|
|
Investment Banking & Brokerage-1.35%
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
849
|
864,604
|
|
Morgan Stanley
|
|
5,476
|
1,152,260
|
|
Nomura Holdings, Inc. (Japan)
|
|
35,404
|
342,258
|
|
|
|
|
2,359,122
|
|
IT Consulting & Other Services-0.67%
|
|||
|
Accenture PLC, Class A
|
|
1,398
|
231,956
|
|
Infosys Ltd., ADR (India)(d)
|
|
22,701
|
273,093
|
|
International Business Machines Corp.
|
|
1,377
|
307,966
|
|
Otsuka Corp. (Japan)
|
|
7,638
|
157,488
|
|
Wipro Ltd., ADR (India)
|
|
97,605
|
193,258
|
|
|
|
|
1,163,761
|
|
Leisure Products-0.10%
|
|||
|
Hasbro, Inc.
|
|
1,936
|
181,868
|
|
Life & Health Insurance-1.82%
|
|||
|
Aflac, Inc.
|
|
899
|
114,605
|
|
AIA Group Ltd. (Hong Kong)
|
|
13,852
|
139,655
|
|
Cathay Financial Holding Co. Ltd. (Taiwan)
|
|
44,000
|
136,940
|
|
Dai-ichi Life Holdings, Inc. (Japan)
|
|
11,918
|
143,591
|
|
Discovery Ltd. (South Africa)
|
|
7,663
|
121,651
|
|
Fubon Financial Holding Co. Ltd. (Taiwan)
|
|
35,000
|
139,509
|
|
Japan Post Holdings Co. Ltd. (Japan)
|
|
18,549
|
274,214
|
|
Japan Post Insurance Co. Ltd. (Japan)
|
|
12,180
|
134,014
|
|
MetLife, Inc.
|
|
4,871
|
468,249
|
|
NN Group N.V. (Netherlands)
|
|
2,560
|
240,765
|
|
Poste Italiane S.p.A. (Italy)(d)
|
|
6,229
|
188,018
|
|
Principal Financial Group, Inc.
|
|
1,117
|
127,003
|
|
Prudential Financial, Inc.
|
|
2,293
|
279,929
|
|
|
Shares
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Prudential PLC (Hong Kong)
|
|
23,276
|
$349,286
|
|
Samsung Life Insurance Co. Ltd. (South
Korea)
|
|
429
|
89,927
|
|
Storebrand ASA (Norway)
|
|
10,911
|
232,080
|
|
|
|
|
3,179,436
|
|
Life Sciences Tools & Services-0.35%
|
|||
|
Illumina, Inc.(c)
|
|
946
|
194,025
|
|
IQVIA Holdings, Inc.(c)
|
|
565
|
132,786
|
|
Thermo Fisher Scientific, Inc.
|
|
481
|
276,238
|
|
|
|
|
603,049
|
|
Managed Health Care-0.50%
|
|||
|
Elevance Health, Inc.
|
|
674
|
253,316
|
|
UnitedHealth Group, Inc.
|
|
1,491
|
617,871
|
|
|
|
|
871,187
|
|
Marine Ports & Services-0.10%
|
|||
|
International Container Terminal Services, Inc.
(Philippines)
|
|
11,560
|
181,533
|
|
Marine Transportation-0.49%
|
|||
|
A.P. Moller - Maersk A/S, Class B
|
|
49
|
131,653
|
|
Evergreen Marine Corp. Taiwan Ltd. (Taiwan)
|
|
19,253
|
120,998
|
|
Nippon Yusen K.K. (Japan)
|
|
3,666
|
140,659
|
|
Orient Overseas International Ltd. (Hong
Kong)(d)
|
|
9,541
|
186,590
|
|
SITC International Holdings Co. Ltd. (China)
|
|
30,556
|
154,073
|
|
Yang Ming Marine Transport Corp. (Taiwan)
|
|
74,000
|
115,768
|
|
|
|
|
849,741
|
|
Metal, Glass & Plastic Containers-0.48%
|
|||
|
Ball Corp.
|
|
3,079
|
199,827
|
|
CCL Industries, Inc., Class B (Canada)
|
|
1,607
|
106,477
|
|
Crown Holdings, Inc.
|
|
4,538
|
534,803
|
|
|
|
|
841,107
|
|
Movies & Entertainment-0.50%
|
|||
|
Netflix, Inc.(c)
|
|
7,477
|
536,176
|
|
Walt Disney Co. (The)
|
|
3,418
|
328,777
|
|
|
|
|
864,953
|
|
Multi-line Insurance-0.41%
|
|||
|
Ageas S.A./N.V. (Belgium)
|
|
1,501
|
123,939
|
|
Allianz SE (Germany)
|
|
247
|
122,754
|
|
Assicurazioni Generali S.p.A. (Italy)(d)
|
|
5,085
|
257,122
|
|
AXA S.A. (France)
|
|
2,141
|
110,717
|
|
Mapfre S.A. (Spain)
|
|
20,399
|
104,073
|
|
|
|
|
718,605
|
|
Multi-Sector Holdings-0.58%
|
|||
|
Berkshire Hathaway, Inc., Class B(c)
|
|
1,970
|
1,007,734
|
|
Multi-Utilities-0.05%
|
|||
|
National Grid PLC (United Kingdom)
|
|
5,271
|
84,242
|
|
Oil & Gas Equipment & Services-0.21%
|
|||
|
Baker Hughes Co., Class A
|
|
2,352
|
142,272
|
|
SBM Offshore N.V. (Netherlands)
|
|
2,743
|
102,209
|
|
SLB Ltd.
|
|
2,588
|
128,339
|
|
|
|
|
372,820
|
|
Oil & Gas Exploration & Production-0.77%
|
|||
|
ConocoPhillips
|
|
3,557
|
428,547
|
|
EOG Resources, Inc.
|
|
3,978
|
591,489
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Exploration & Production-(continued)
|
|||
|
Var Energi ASA (Norway)
|
|
29,810
|
$149,660
|
|
Woodside Energy Group Ltd. (Australia)
|
|
7,467
|
174,442
|
|
|
|
|
1,344,138
|
|
Oil & Gas Refining & Marketing-1.03%
|
|||
|
ENEOS Holdings, Inc. (Japan)
|
|
22,916
|
189,110
|
|
Idemitsu Kosan Co. Ltd. (Japan)
|
|
27,704
|
226,629
|
|
ORLEN S.A. (Poland)
|
|
10,994
|
435,353
|
|
Reliance Industries Ltd., GDR (India)(b)
|
|
4,443
|
243,865
|
|
Valero Energy Corp.
|
|
2,259
|
706,841
|
|
|
|
|
1,801,798
|
|
Oil & Gas Storage & Transportation-0.09%
|
|||
|
Williams Cos., Inc. (The)
|
|
2,148
|
153,668
|
|
Other Specialty Retail-0.07%
|
|||
|
Avolta AG (Switzerland)(c)
|
|
2,009
|
120,519
|
|
Packaged Foods & Meats-0.54%
|
|||
|
Glanbia PLC (Ireland)
|
|
4,534
|
120,099
|
|
Nestle S.A. (Switzerland)
|
|
4,052
|
404,701
|
|
Orkla ASA (Norway)
|
|
11,111
|
123,333
|
|
Tyson Foods, Inc., Class A
|
|
3,161
|
183,212
|
|
WH Group Ltd. (Hong Kong)
|
|
99,351
|
106,909
|
|
|
|
|
938,254
|
|
Paper Products-0.06%
|
|||
|
UBS AG (Finland)
|
|
3,972
|
107,818
|
|
Passenger Airlines-0.49%
|
|||
|
ANA Holdings, Inc. (Japan)(d)
|
|
5,500
|
107,344
|
|
China Airlines Ltd. (Taiwan)
|
|
201,664
|
139,803
|
|
Delta Air Lines, Inc.
|
|
2,896
|
253,226
|
|
Eva Airways Corp. (Taiwan)
|
|
80,000
|
106,734
|
|
LATAM Airlines Group S.A. (Chile)
|
|
9,095,088
|
242,346
|
|
|
|
|
849,453
|
|
Passenger Ground Transportation-0.08%
|
|||
|
Uber Technologies, Inc.(c)
|
|
1,861
|
130,940
|
|
Personal Care Products-0.30%
|
|||
|
L’Oreal S.A. (France)
|
|
567
|
251,970
|
|
Unilever PLC (United Kingdom)
|
|
4,289
|
272,494
|
|
|
|
|
524,464
|
|
Pharmaceuticals-4.24%
|
|||
|
Astellas Pharma, Inc. (Japan)
|
|
14,972
|
205,483
|
|
AstraZeneca PLC (United Kingdom)
|
|
2,657
|
451,313
|
|
Bristol-Myers Squibb Co.
|
|
7,908
|
516,472
|
|
Eli Lilly and Co.
|
|
1,248
|
1,433,752
|
|
GSK PLC (United Kingdom)
|
|
15,031
|
390,269
|
|
Ipsen S.A. (France)
|
|
603
|
116,252
|
|
Johnson & Johnson
|
|
5,503
|
1,410,694
|
|
Merck & Co., Inc.
|
|
4,706
|
612,721
|
|
Novartis AG
|
|
3,937
|
615,258
|
|
Novo Nordisk A/S, Class B (Denmark)
|
|
2,547
|
120,204
|
|
Otsuka Holdings Co. Ltd. (Japan)
|
|
1,732
|
120,005
|
|
Pfizer, Inc.
|
|
10,305
|
257,728
|
|
Roche Holding AG (Switzerland)
|
|
1,127
|
492,238
|
|
Sandoz Group AG (Switzerland)
|
|
1,384
|
112,737
|
|
Sanofi S.A.
|
|
3,805
|
326,916
|
|
Teva Pharmaceutical Industries Ltd., ADR
(Israel)(c)
|
|
3,755
|
131,463
|
|
UCB S.A. (Belgium)
|
|
365
|
93,478
|
|
|
|
|
7,406,983
|
|
|
Shares
|
Value
|
|
|
Property & Casualty Insurance-1.73%
|
|||
|
Allstate Corp. (The)
|
|
2,276
|
$601,046
|
|
American International Group, Inc.
|
|
5,406
|
424,804
|
|
Hartford Insurance Group, Inc. (The)
|
|
3,793
|
538,265
|
|
MS&AD Insurance Group Holdings, Inc.
(Japan)
|
|
4,380
|
134,730
|
|
QBE Insurance Group Ltd. (Australia)
|
|
16,981
|
293,987
|
|
Sompo Holdings, Inc. (Japan)
|
|
3,820
|
169,467
|
|
Travelers Cos., Inc. (The)
|
|
2,296
|
859,531
|
|
|
|
|
3,021,830
|
|
Publishing-0.07%
|
|||
|
New York Times Co. (The), Class A
|
|
1,627
|
121,846
|
|
Rail Transportation-0.68%
|
|||
|
Canadian National Railway Co. (Canada)
|
|
2,424
|
308,000
|
|
Central Japan Railway Co. (Japan)
|
|
9,592
|
238,516
|
|
East Japan Railway Co. (Japan)
|
|
5,854
|
134,591
|
|
Tokyu Corp. (Japan)
|
|
16,735
|
183,577
|
|
Union Pacific Corp.
|
|
1,078
|
314,916
|
|
|
|
|
1,179,600
|
|
Real Estate Services-0.07%
|
|||
|
Jones Lang LaSalle, Inc.(c)
|
|
351
|
124,616
|
|
Regional Banks-0.29%
|
|||
|
Citizens Financial Group, Inc.
|
|
1,934
|
138,571
|
|
Truist Financial Corp.
|
|
7,137
|
369,982
|
|
|
|
|
508,553
|
|
Reinsurance-0.16%
|
|||
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
886
|
283,502
|
|
Research & Consulting Services-0.00%
|
|||
|
Mobility Global, Inc.(c)
|
|
411
|
8,376
|
|
Restaurants-0.51%
|
|||
|
Aramark
|
|
2,143
|
122,087
|
|
McDonald’s Corp.
|
|
1,669
|
451,698
|
|
Yum! Brands, Inc.
|
|
2,067
|
316,830
|
|
|
|
|
890,615
|
|
Retail REITs-0.06%
|
|||
|
Regency Centers Corp.
|
|
1,322
|
106,143
|
|
Semiconductor Materials & Equipment-2.58%
|
|||
|
Advantest Corp. (Japan)
|
|
1,444
|
285,093
|
|
Applied Materials, Inc.
|
|
1,656
|
840,702
|
|
ASM International N.V. (Netherlands)
|
|
214
|
197,749
|
|
ASML Holding N.V. (Netherlands)
|
|
755
|
1,241,394
|
|
KLA Corp.
|
|
2,565
|
468,933
|
|
Lam Research Corp.
|
|
3,066
|
898,399
|
|
SCREEN Holdings Co. Ltd. (Japan)
|
|
916
|
69,824
|
|
Teradyne, Inc.
|
|
544
|
200,024
|
|
Tokyo Electron Ltd. (Japan)
|
|
913
|
305,020
|
|
|
|
|
4,507,138
|
|
Semiconductors-11.05%
|
|||
|
Analog Devices, Inc.
|
|
1,658
|
609,166
|
|
ASE Technology Holding Co. Ltd. (Taiwan)
|
|
9,000
|
153,581
|
|
Broadcom, Inc.
|
|
3,175
|
1,235,964
|
|
First Solar, Inc.(c)
|
|
468
|
98,762
|
|
Infineon Technologies AG (Germany)
|
|
2,367
|
169,482
|
|
Intel Corp.(c)
|
|
6,506
|
586,841
|
|
Marvell Technology, Inc.
|
|
1,479
|
277,401
|
|
MediaTek, Inc. (Taiwan)
|
|
3,220
|
343,019
|
|
Microchip Technology, Inc.
|
|
1,293
|
96,057
|
|
Micron Technology, Inc.
|
|
2,186
|
1,799,144
|
|
NVIDIA Corp.
|
|
41,151
|
8,261,063
|
|
|
Shares
|
Value
|
|
|
Semiconductors-(continued)
|
|||
|
NXP Semiconductors N.V. (Netherlands)
|
|
676
|
$154,912
|
|
ON Semiconductor Corp.(c)
|
|
1,586
|
129,433
|
|
QUALCOMM, Inc.
|
|
1,920
|
283,411
|
|
Renesas Electronics Corp. (Japan)
|
|
4,176
|
83,640
|
|
SK hynix, Inc. (South Korea)
|
|
1,039
|
1,179,946
|
|
STMicroelectronics N.V. (France)
|
|
2,294
|
122,266
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
(Taiwan)
|
|
47,609
|
3,521,413
|
|
Tower Semiconductor Ltd. (Israel)(c)
|
|
421
|
92,057
|
|
United Microelectronics Corp. (Taiwan)
|
|
24,337
|
91,047
|
|
|
|
|
19,288,605
|
|
Soft Drinks & Non-alcoholic Beverages-0.51%
|
|||
|
Monster Beverage Corp.(c)
|
|
3,231
|
311,404
|
|
PepsiCo, Inc.
|
|
4,139
|
577,639
|
|
|
|
|
889,043
|
|
Specialized Finance-0.09%
|
|||
|
Mitsubishi HC Capital, Inc. (Japan)(d)
|
|
17,566
|
161,612
|
|
Specialty Chemicals-0.06%
|
|||
|
Ecolab, Inc.
|
|
381
|
105,777
|
|
Steel-0.47%
|
|||
|
Fortescue Ltd. (Australia)
|
|
15,712
|
203,507
|
|
Nucor Corp.
|
|
1,411
|
363,036
|
|
Tata Steel Ltd., GDR (India)(b)
|
|
4,982
|
101,065
|
|
voestalpine AG (Austria)
|
|
2,976
|
154,671
|
|
|
|
|
822,279
|
|
Systems Software-3.76%
|
|||
|
CrowdStrike Holdings, Inc., Class A(c)
|
|
1,532
|
292,397
|
|
Fortinet, Inc.(c)
|
|
1,426
|
230,941
|
|
Microsoft Corp.
|
|
11,819
|
5,492,526
|
|
Oracle Corp.
|
|
2,252
|
292,467
|
|
Palo Alto Networks, Inc.(c)
|
|
767
|
254,514
|
|
|
|
|
6,562,845
|
|
Technology Distributors-0.14%
|
|||
|
TD SYNNEX Corp.
|
|
966
|
247,006
|
|
Technology Hardware, Storage & Peripherals-6.92%
|
|||
|
Apple, Inc.
|
|
26,477
|
8,179,010
|
|
Brother Industries Ltd. (Japan)
|
|
5,296
|
131,788
|
|
Dell Technologies, Inc., Class C
|
|
862
|
349,429
|
|
Everpure, Inc., Class A(c)
|
|
1,607
|
124,012
|
|
Hewlett Packard Enterprise Co.
|
|
2,473
|
118,457
|
|
HP, Inc.
|
|
7,556
|
206,052
|
|
Logitech International S.A., Class R
(Switzerland)
|
|
963
|
98,279
|
|
Pegatron Corp. (Taiwan)
|
|
35,318
|
91,388
|
|
Samsung Electronics Co. Ltd. (South Korea)
|
|
9,253
|
1,610,529
|
|
Samsung Electronics Co. Ltd., Preference
Shares (South Korea)
|
|
757
|
95,129
|
|
Seagate Technology Holdings PLC
|
|
546
|
467,447
|
|
Western Digital Corp.
|
|
1,104
|
601,503
|
|
|
|
|
12,073,023
|
|
Trading Companies & Distributors-1.11%
|
|||
|
Diploma PLC (United Kingdom)
|
|
3,244
|
320,786
|
|
Fastenal Co.
|
|
2,550
|
121,660
|
|
ITOCHU Corp. (Japan)
|
|
8,658
|
108,573
|
|
Marubeni Corp. (Japan)
|
|
5,181
|
167,327
|
|
Mitsubishi Corp. (Japan)
|
|
12,172
|
363,581
|
|
Mitsui & Co. Ltd. (Japan)
|
|
8,352
|
256,082
|
|
Rexel S.A. (France)
|
|
2,881
|
119,280
|
|
|
Shares
|
Value
|
|
|
Trading Companies & Distributors-(continued)
|
|||
|
Sumitomo Corp. (Japan)
|
|
23,878
|
$247,666
|
|
Toyota Tsusho Corp. (Japan)
|
|
5,674
|
235,324
|
|
|
|
|
1,940,279
|
|
Transaction & Payment Processing Services-1.05%
|
|||
|
Mastercard, Inc., Class A
|
|
1,524
|
873,405
|
|
Visa, Inc., Class A
|
|
2,626
|
961,457
|
|
|
|
|
1,834,862
|
|
Wireless Telecommunication Services-0.56%
|
|||
|
America Movil S.A.B. de C.V., Class B (Mexico)
|
|
129,250
|
164,408
|
|
MTN Group Ltd. (South Africa)
|
|
11,875
|
146,948
|
|
SoftBank Corp. (Japan)
|
|
178,731
|
250,674
|
|
SoftBank Group Corp. (Japan)
|
|
6,170
|
192,035
|
|
T-Mobile US, Inc.
|
|
632
|
109,153
|
|
Vodafone Group PLC (United Kingdom)
|
|
71,418
|
113,171
|
|
|
|
|
976,389
|
|
Total Common Stocks & Other Equity Interests
(Cost $143,545,163)
|
174,090,536
|
||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(e)(f)
(Cost $89,563)
|
|
89,563
|
89,563
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.79%
(Cost $143,634,726)
|
174,180,099
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.21%
|
|||
|
Invesco Private Government Fund,
3.69%(e)(f)(g)
|
|
587,865
|
$587,865
|
|
Invesco Private Prime Fund, 3.82%(e)(f)(g)
|
|
1,527,531
|
1,527,684
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $2,115,506)
|
2,115,549
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.00%
(Cost $145,750,232)
|
176,295,648
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.00)%
|
(1,751,733
)
|
||
|
NET ASSETS-100.00%
|
$174,543,915
|
||
|
Investment Abbreviations:
|
|
|
ADR
|
-American Depositary Receipt
|
|
GDR
|
-Global Depositary Receipt
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $1,718,697, which represented less than 1% of the Fund’s Net Assets.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$18,704
|
$6,981,089
|
$(6,910,230
)
|
$-
|
$-
|
$89,563
|
$5,227
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
$-
|
$8,995,490
|
$(8,407,625
)
|
$-
|
$-
|
$587,865
|
$32,804
*
|
|
Invesco Private Prime Fund
|
820,018
|
15,252,149
|
(14,544,378
)
|
48
|
(153
)
|
1,527,684
|
44,899
*
|
|
Total
|
$838,722
|
$31,228,728
|
$(29,862,233
)
|
$48
|
$(153
)
|
$2,205,112
|
$82,930
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-97.30%
|
|||
|
Advertising-0.67%
|
|||
|
Belo Corp., 7.25%, 09/15/2027
|
$
|
900,000
|
$921,582
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
|
7.75% 04/15/2028(b)
|
|
80,000
|
80,189
|
|
7.50% 06/01/2029(b)
|
|
60,000
|
60,179
|
|
Dotdash Meredith, Inc., 7.63%,
06/15/2032(b)
|
|
150,000
|
141,103
|
|
|
|
|
1,203,053
|
|
Aerospace & Defense-0.65%
|
|||
|
Efesto Bidco S.p.A. Efesto US LLC (Italy),
Series XR, 7.50%, 02/15/2032(b)
|
|
200,000
|
202,400
|
|
TransDigm, Inc.
|
|
|
|
|
6.38% 03/01/2029(b)
|
|
700,000
|
709,297
|
|
6.88% 12/15/2030(b)
|
|
250,000
|
256,438
|
|
|
|
|
1,168,135
|
|
Air Freight & Logistics-0.26%
|
|||
|
Clue Opco LLC, 9.50%, 10/15/2031(b)(c)
|
|
336,000
|
328,024
|
|
Star Leasing Co. LLC, 7.63%,
02/15/2030(b)
|
|
140,000
|
136,409
|
|
|
|
|
464,433
|
|
Alternative Carriers-0.38%
|
|||
|
APLD ComputeCo 2 LLC, 6.75%,
03/15/2031(b)
|
|
700,000
|
684,960
|
|
Apparel Retail-0.20%
|
|||
|
Victoria’s Secret & Co., 4.63%,
07/15/2029(b)
|
|
300,000
|
291,554
|
|
William Carter Co. (The), 7.38%,
02/15/2031(b)
|
|
75,000
|
77,000
|
|
|
|
|
368,554
|
|
Apparel, Accessories & Luxury Goods-0.16%
|
|||
|
V.F. Corp., 6.45%, 11/01/2037
|
|
300,000
|
283,808
|
|
Application Software-2.75%
|
|||
|
Cloud Software Group LLC, 8.25%,
06/30/2032(b)
|
|
900,000
|
852,104
|
|
Cloud Software Group, Inc.
|
|
|
|
|
6.50% 03/31/2029(b)
|
|
900,000
|
880,216
|
|
6.63% 08/15/2033(b)(c)
|
|
500,000
|
436,383
|
|
Elastic N.V., 4.13%, 07/15/2029(b)
|
|
200,000
|
190,718
|
|
Fair Isaac Corp., 4.00%, 06/15/2028(b)(c)
|
|
240,000
|
232,126
|
|
NCR Voyix Corp.
|
|
|
|
|
5.00% 10/01/2028(b)
|
|
80,000
|
77,555
|
|
5.13% 04/15/2029(b)
|
|
300,000
|
291,132
|
|
Open Text Corp. (Canada)
|
|
|
|
|
3.88% 02/15/2028(b)
|
|
500,000
|
487,763
|
|
3.88% 12/01/2029(b)
|
|
400,000
|
368,168
|
|
Open Text Holdings, Inc. (Canada)
|
|
|
|
|
4.13% 02/15/2030(b)
|
|
300,000
|
277,001
|
|
4.13% 12/01/2031(b)(c)
|
|
400,000
|
353,178
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
520,000
|
519,651
|
|
|
|
|
4,965,995
|
|
Asset Management & Custody Banks-1.36%
|
|||
|
BlackRock TCP Capital Corp., 6.95%,
05/30/2029
|
|
500,000
|
494,686
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks-(continued)
|
|||
|
FS KKR Capital Corp.
|
|
|
|
|
7.88% 01/15/2029
|
$
|
800,000
|
$823,033
|
|
6.13% 01/15/2030
|
|
600,000
|
585,058
|
|
Prospect Capital Corp., 3.44%,
10/15/2028(c)
|
|
590,000
|
552,916
|
|
|
|
|
2,455,693
|
|
Automobile Manufacturers-1.69%
|
|||
|
Allison Transmission, Inc., 4.75%,
10/01/2027(b)
|
|
450,000
|
449,143
|
|
Global Auto Holdings Ltd./AAG FH UK Ltd.
(United Kingdom), 8.75%,
01/15/2032(b)(c)
|
|
600,000
|
582,583
|
|
Nissan Motor Co. Ltd. (Japan)
|
|
|
|
|
4.35% 09/17/2027(b)
|
|
500,000
|
491,829
|
|
7.50% 07/17/2030(b)
|
|
500,000
|
512,558
|
|
4.81% 09/17/2030(b)
|
|
400,000
|
370,896
|
|
8.13% 07/17/2035(b)(c)
|
|
350,000
|
369,609
|
|
Winnebago Industries, Inc., 6.25%,
07/15/2028(b)
|
|
260,000
|
260,813
|
|
|
|
|
3,037,431
|
|
Automotive Parts & Equipment-2.69%
|
|||
|
Adient Global Holdings Ltd., 7.00%,
04/15/2028(b)
|
|
440,000
|
446,934
|
|
American Axle & Manufacturing, Inc., 7.75%,
10/15/2033(b)
|
|
100,000
|
98,545
|
|
ANGI Group LLC, 3.88%, 08/15/2028(b)(c)
|
|
400,000
|
341,760
|
|
Avis Budget Car Rental LLC/Avis Budget
Finance, Inc.
|
|
|
|
|
5.75% 07/15/2027(b)
|
|
118,000
|
118,103
|
|
4.75% 04/01/2028(b)
|
|
240,000
|
236,237
|
|
IHO Verwaltungs GmbH (Germany)
|
|
|
|
|
7.38% 05/15/2033(b)
|
|
400,000
|
414,906
|
|
7.75% PIK, 1.00% Cash ,
7.75%11/15/2030(b)(d)
|
|
400,000
|
415,920
|
|
Kronos Acquisition Holdings, Inc. (Canada),
8.25%, 06/30/2031(b)
|
|
80,000
|
56,125
|
|
Tenneco, Inc., 8.00%, 11/17/2028(b)
|
|
800,000
|
802,468
|
|
United Rentals (North America), Inc., 3.88%,
11/15/2027
|
|
274,000
|
271,062
|
|
ZF North America Capital, Inc. (Germany)
|
|
|
|
|
6.88% 04/14/2028(b)(c)
|
|
300,000
|
305,597
|
|
7.13% 04/14/2030(b)
|
|
500,000
|
503,567
|
|
6.75% 04/23/2030(b)
|
|
180,000
|
178,767
|
|
7.50% 03/24/2031(b)
|
|
650,000
|
654,991
|
|
|
|
|
4,844,982
|
|
Automotive Retail-0.65%
|
|||
|
Advance Auto Parts, Inc., 5.95%,
03/09/2028
|
|
360,000
|
362,354
|
|
Ken Garff Automotive LLC, 4.88%,
09/15/2028(b)(c)
|
|
320,000
|
316,811
|
|
Sonic Automotive, Inc., 4.63%,
11/15/2029(b)
|
|
45,000
|
43,857
|
|
Velocity Vehicle Group LLC, 8.00%,
06/01/2029(b)(c)
|
|
450,000
|
446,363
|
|
|
|
|
1,169,385
|
|
Broadcasting-1.15%
|
|||
|
AMC Global Media, Inc., 10.50%,
07/15/2032(b)
|
|
300,000
|
309,306
|
|
|
Principal
Amount
|
Value
|
|
|
Broadcasting-(continued)
|
|||
|
Gray Media, Inc.
|
|
|
|
|
10.50% 07/15/2029(b)
|
$
|
188,000
|
$198,389
|
|
5.38% 11/15/2031(b)
|
|
50,000
|
37,208
|
|
9.63% 07/15/2032(b)
|
|
25,000
|
25,288
|
|
iHeartCommunications, Inc.
|
|
|
|
|
5.25% 08/15/2027(b)
|
|
100,000
|
95,000
|
|
4.75% 01/15/2028(b)
|
|
50,000
|
47,074
|
|
9.13% 05/01/2029(b)
|
|
80,000
|
74,200
|
|
Paramount Global
|
|
|
|
|
3.38% 02/15/2028
|
|
500,000
|
488,462
|
|
3.70% 06/01/2028
|
|
100,000
|
97,293
|
|
4.20% 06/01/2029
|
|
150,000
|
142,475
|
|
Univision Communications, Inc., 8.50%,
07/31/2031(b)
|
|
200,000
|
199,702
|
|
Urban One, Inc., 7.63%, 04/01/2031(b)
|
|
41,000
|
15,196
|
|
Ziggo Bond Co. B.V. (Netherlands), 5.13%,
02/28/2030(b)
|
|
420,000
|
341,772
|
|
|
|
|
2,071,365
|
|
Broadline Retail-2.87%
|
|||
|
Go Daddy Operating Co. LLC, 5.25%,
12/01/2027(b)
|
|
500,000
|
499,585
|
|
Go Daddy Operating Co. LLC/GD Finance Co.,
Inc., 3.50%, 03/01/2029(b)
|
|
800,000
|
749,111
|
|
Kohl’s Corp.
|
|
|
|
|
10.00% 06/01/2030(b)
|
|
240,000
|
259,377
|
|
5.13% 05/01/2031
|
|
880,000
|
789,382
|
|
Macy’s Retail Holdings LLC, 6.70%,
07/15/2034(b)
|
|
737,000
|
712,194
|
|
Nordstrom, Inc.
|
|
|
|
|
6.95% 03/15/2028
|
|
384,000
|
391,862
|
|
4.38% 04/01/2030
|
|
79,000
|
75,556
|
|
4.25% 08/01/2031
|
|
450,000
|
418,882
|
|
Rakuten Group, Inc. (Japan), 9.75%,
04/15/2029(b)
|
|
1,180,000
|
1,281,661
|
|
|
|
|
5,177,610
|
|
Building Products-3.06%
|
|||
|
Adams Homes, Inc., 9.25%, 10/15/2028(b)
|
|
206,000
|
212,818
|
|
Builders FirstSource, Inc.
|
|
|
|
|
4.25% 02/01/2032(b)
|
|
140,000
|
127,541
|
|
6.75% 05/15/2035(b)(c)
|
|
550,000
|
545,220
|
|
Griffon Corp., 5.75%, 03/01/2028
|
|
640,000
|
640,395
|
|
JELD-WEN, Inc., 4.88%, 12/15/2027(b)
|
|
360,000
|
290,067
|
|
LBM Acquisition LLC, 9.50%, 06/15/2031(b)
|
|
450,000
|
378,967
|
|
MasterBrand, Inc., 7.00%, 07/15/2032(b)(c)
|
|
820,000
|
821,082
|
|
Park River Holdings, Inc., 8.00%,
03/15/2031(b)
|
|
200,000
|
199,257
|
|
Specialty Building Products Holdings LLC/
SBP Finance Corp., 7.75%,
10/15/2029(b)
|
|
450,000
|
427,729
|
|
Standard Building Solutions, Inc.
|
|
|
|
|
6.25% 08/01/2033(b)
|
|
600,000
|
594,242
|
|
5.88% 03/15/2034(b)
|
|
200,000
|
192,269
|
|
Standard Industries, Inc.
|
|
|
|
|
4.75% 01/15/2028(b)
|
|
500,000
|
497,296
|
|
4.38% 07/15/2030(b)
|
|
108,000
|
102,053
|
|
3.38% 01/15/2031(b)
|
|
261,000
|
234,501
|
|
STL Holding Co. LLC, 8.75%, 02/15/2029(b)
|
|
240,000
|
249,109
|
|
|
|
|
5,512,546
|
|
|
Principal
Amount
|
Value
|
|
|
Cable & Satellite-4.19%
|
|||
|
Altice Financing S.A. (Luxembourg), 5.75%,
08/15/2029(b)
|
$
|
200,000
|
$126,374
|
|
Cable One, Inc., 4.00%, 11/15/2030(b)(c)
|
|
520,000
|
193,866
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
|
5.00% 02/01/2028(b)
|
|
600,000
|
592,836
|
|
5.38% 06/01/2029(b)
|
|
300,000
|
291,541
|
|
6.38% 09/01/2029(b)
|
|
300,000
|
298,289
|
|
4.50% 05/01/2032
|
|
245,000
|
211,446
|
|
4.50% 06/01/2033(b)(c)
|
|
560,000
|
476,890
|
|
4.25% 01/15/2034(b)
|
|
100,000
|
81,751
|
|
CSC Holdings LLC
|
|
|
|
|
5.75% 01/15/2030(b)
|
|
300,000
|
64,875
|
|
4.13% 12/01/2030(b)
|
|
400,000
|
224,063
|
|
4.63% 12/01/2030(b)
|
|
200,000
|
42,750
|
|
4.50% 11/15/2031(b)
|
|
450,000
|
249,611
|
|
Directv Financing LLC, 8.88%,
02/01/2030(b)
|
|
350,000
|
355,506
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc.
|
|
|
|
|
5.88% 08/15/2027(b)
|
|
39,000
|
39,005
|
|
10.00% 02/15/2031(b)
|
|
500,000
|
522,945
|
|
9.25% 06/01/2032(b)
|
|
500,000
|
512,130
|
|
DISH DBS Corp.
|
|
|
|
|
5.75% 12/01/2028(b)
|
|
210,000
|
202,803
|
|
5.13% 06/01/2029
|
|
100,000
|
90,704
|
|
EchoStar Corp., 6.75% PIK Rate, 2.00%
Cash Rate, 11/30/2030(d)
|
|
180,000
|
182,781
|
|
Radiate Holdco LLC/Radiate Finance, Inc.,
9.25% PIK, 1.00% Cash 9.25%,
03/25/2030(b)(d)
|
|
33,967
|
27,343
|
|
Sirius XM Radio LLC
|
|
|
|
|
5.00% 08/01/2027(b)
|
|
628,000
|
627,505
|
|
4.00% 07/15/2028(b)
|
|
320,000
|
311,492
|
|
Telenet Finance Luxembourg Notes S.a.r.l.
(Belgium), 5.50%, 03/01/2028(b)
|
|
600,000
|
593,446
|
|
Virgin Media Finance PLC (United Kingdom),
5.00%, 07/15/2030(b)(c)
|
|
300,000
|
184,967
|
|
Virgin Media O2 Vendor Financing Notes VI
DAC (Ireland), 8.50%, 03/15/2033(b)
|
|
200,000
|
126,331
|
|
Virgin Media Secured Finance PLC (United
Kingdom), 5.50%, 05/15/2029(b)
|
|
300,000
|
269,674
|
|
VZ Secured Financing B.V. (Netherlands),
5.00%, 01/15/2032(b)
|
|
800,000
|
656,935
|
|
|
|
|
7,557,859
|
|
Casinos & Gaming-2.78%
|
|||
|
Affinity Interactive, 6.88%, 12/15/2027(b)
|
|
187,000
|
92,600
|
|
Churchill Downs, Inc., 4.75%,
01/15/2028(b)
|
|
745,000
|
738,178
|
|
Great Canadian Gaming Corp. (Canada),
8.75%, 11/15/2029(b)(c)
|
|
600,000
|
606,098
|
|
Melco Resorts Finance Ltd. (Hong Kong)
|
|
|
|
|
5.75% 07/21/2028(b)
|
|
200,000
|
198,338
|
|
5.38% 12/04/2029(b)(c)
|
|
600,000
|
580,462
|
|
6.50% 09/24/2033(b)(c)
|
|
320,000
|
309,070
|
|
Studio City Finance Ltd. (Macau), 5.00%,
01/15/2029(b)
|
|
260,000
|
247,585
|
|
Voyager Parent LLC, 9.25%,
07/01/2032(b)(c)
|
|
800,000
|
850,402
|
|
|
Principal
Amount
|
Value
|
|
|
Casinos & Gaming-(continued)
|
|||
|
Wynn Macau Ltd. (Macau)
|
|
|
|
|
5.50% 10/01/2027(b)(c)
|
$
|
500,000
|
$498,090
|
|
5.63% 08/26/2028(b)
|
|
600,000
|
593,363
|
|
6.75% 02/15/2034(b)
|
|
300,000
|
294,952
|
|
|
|
|
5,009,138
|
|
Commercial Printing-0.60%
|
|||
|
Deluxe Corp., 8.13%, 09/15/2029(b)
|
|
450,000
|
466,553
|
|
R.R. Donnelley & Sons Co., 9.50%,
08/01/2029(b)
|
|
600,000
|
622,365
|
|
|
|
|
1,088,918
|
|
Commodity Chemicals-0.12%
|
|||
|
Methanex Corp. (Canada), 5.13%,
10/15/2027
|
|
220,000
|
220,417
|
|
Construction & Engineering-0.10%
|
|||
|
Brand Industrial Services, Inc., 10.38%,
08/01/2030(b)
|
|
100,000
|
86,727
|
|
Brookfield Residential Properties,
Inc./Brookfield Residential U.S. LLC
(Canada), 6.25%, 09/15/2027(b)
|
|
88,000
|
88,065
|
|
|
|
|
174,792
|
|
Construction Machinery & Heavy Transportation Equipment-0.94%
|
|||
|
Terex Corp.
|
|
|
|
|
5.00% 05/15/2029(b)
|
|
200,000
|
197,370
|
|
6.25% 10/15/2032(b)(c)
|
|
220,000
|
220,979
|
|
Trinity Industries, Inc., 7.75%,
07/15/2028(b)
|
|
640,000
|
653,559
|
|
Wabash National Corp., 4.50%,
10/15/2028(b)
|
|
665,000
|
620,822
|
|
|
|
|
1,692,730
|
|
Construction Materials-0.76%
|
|||
|
Smyrna Ready Mix Concrete LLC
|
|
|
|
|
6.00% 11/01/2028(b)
|
|
800,000
|
799,469
|
|
8.88% 11/15/2031(b)
|
|
250,000
|
261,953
|
|
Williams Scotsman, Inc., 4.63%,
08/15/2028(b)
|
|
320,000
|
317,012
|
|
|
|
|
1,378,434
|
|
Consumer Finance-2.54%
|
|||
|
Ally Financial, Inc., 6.65%, 01/17/2040(c)(e)
|
|
650,000
|
635,333
|
|
goeasy Ltd. (Canada)
|
|
|
|
|
7.63% 07/01/2029(b)(c)
|
|
265,000
|
251,870
|
|
6.88% 05/15/2030(b)(c)
|
|
580,000
|
527,349
|
|
7.38% 10/01/2030(b)
|
|
120,000
|
110,559
|
|
6.88% 02/15/2031(b)
|
|
100,000
|
89,511
|
|
Navient Corp.
|
|
|
|
|
4.88% 03/15/2028
|
|
300,000
|
293,443
|
|
9.38% 07/25/2030
|
|
300,000
|
304,531
|
|
11.50% 03/15/2031(c)
|
|
500,000
|
529,112
|
|
9.38% 10/15/2031
|
|
200,000
|
200,041
|
|
5.63% 08/01/2033
|
|
400,000
|
330,347
|
|
OneMain Finance Corp., 6.63%,
01/15/2028
|
|
280,000
|
282,975
|
|
PRA Group, Inc.
|
|
|
|
|
8.38% 02/01/2028(b)
|
|
600,000
|
608,074
|
|
8.88% 01/31/2030(b)(c)
|
|
400,000
|
412,132
|
|
|
|
|
4,575,277
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Capital Markets-0.55%
|
|||
|
Icahn Enterprises L.P./Icahn Enterprises
Finance Corp.
|
|
|
|
|
9.75% 01/15/2029(c)
|
$
|
300,000
|
$298,990
|
|
4.38% 02/01/2029
|
|
800,000
|
697,092
|
|
|
|
|
996,082
|
|
Diversified Chemicals-0.57%
|
|||
|
Chemours Co. (The), 5.75%, 11/15/2028(b)
|
|
122,000
|
121,486
|
|
INEOS Finance PLC (Luxembourg)
|
|
|
|
|
6.75% 05/15/2028(b)
|
|
325,000
|
323,994
|
|
7.50% 04/15/2029(b)(c)
|
|
600,000
|
589,620
|
|
|
|
|
1,035,100
|
|
Diversified Financial Services-4.14%
|
|||
|
Burford Capital Global Finance LLC
|
|
|
|
|
6.25% 04/15/2028(b)
|
|
200,000
|
197,164
|
|
9.25% 07/01/2031(b)
|
|
200,000
|
195,104
|
|
7.50% 07/15/2033(b)(c)
|
|
800,000
|
675,236
|
|
Compass Group Diversified Holdings LLC,
5.25%, 04/15/2029(b)
|
|
702,601
|
669,524
|
|
Freedom Mortgage Holdings LLC, 9.25%,
02/01/2029(b)
|
|
800,000
|
822,702
|
|
Global Aircraft Leasing Co. Ltd. (Cayman
Islands), 8.75%, 09/01/2027(b)
|
|
900,000
|
915,456
|
|
Jefferies Finance LLC/JFIN Co-Issuer Corp.
|
|
|
|
|
5.00% 08/15/2028(b)
|
|
600,000
|
580,491
|
|
6.63% 10/15/2031(b)
|
|
200,000
|
196,584
|
|
Provident Funding Associates L.P./PFG
Finance Corp., 9.75%, 09/15/2029(b)
|
|
120,000
|
123,987
|
|
Resorts World Las Vegas LLC/RWLV Capital,
Inc.
|
|
|
|
|
4.63% 04/16/2029(b)
|
|
900,000
|
810,466
|
|
8.45% 07/27/2030(b)
|
|
500,000
|
493,664
|
|
4.63% 04/06/2031(b)
|
|
200,000
|
168,192
|
|
United Wholesale Mortgage LLC
|
|
|
|
|
5.75% 06/15/2027(b)
|
|
700,000
|
694,778
|
|
5.50% 04/15/2029(b)
|
|
600,000
|
560,848
|
|
UWM Holdings LLC
|
|
|
|
|
6.63% 02/01/2030(b)
|
|
100,000
|
92,838
|
|
6.25% 03/15/2031(b)(c)
|
|
300,000
|
267,955
|
|
|
|
|
7,464,989
|
|
Diversified Metals & Mining-0.53%
|
|||
|
Algoma Steel, Inc. (Canada), 9.13%,
04/15/2029(b)
|
|
200,000
|
188,726
|
|
Champion Iron Canada, Inc. (Canada),
7.88%, 07/15/2032(b)
|
|
525,000
|
538,656
|
|
Mineral Resources Ltd. (Australia), 9.25%,
10/01/2028(b)
|
|
219,000
|
225,305
|
|
|
|
|
952,687
|
|
Diversified REITs-0.37%
|
|||
|
Global Net Lease, Inc., 4.50%,
09/30/2028(b)
|
|
116,000
|
113,352
|
|
Uniti Group L.P./Uniti Fiber Holdings,
Inc./CSL Capital LLC, 6.00%,
01/15/2030(b)
|
|
40,000
|
38,200
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified REITs-(continued)
|
|||
|
Uniti Group L.P./Uniti Group Finance 2019,
Inc./CSL Capital LLC
|
|
|
|
|
4.75% 04/15/2028(b)
|
$
|
150,000
|
$149,564
|
|
6.50% 02/15/2029(b)
|
|
300,000
|
296,150
|
|
8.63% 06/15/2032(b)
|
|
75,000
|
76,669
|
|
|
|
|
673,935
|
|
Diversified Support Services-1.36%
|
|||
|
Dcli Bidco LLC, 7.75%, 11/15/2029(b)
|
|
625,000
|
642,575
|
|
Kingpin Intermediate Holdings LLC, 7.25%,
10/15/2032(b)(c)
|
|
450,000
|
366,278
|
|
Neptune Bidco US, Inc., 9.29%,
04/15/2029(b)
|
|
707,000
|
720,832
|
|
Prime Security Services Borrower LLC/Prime
Finance, Inc., 3.38%, 08/31/2027(b)
|
|
500,000
|
491,426
|
|
Sabre GLBL, Inc.
|
|
|
|
|
10.75% 11/15/2029(b)
|
|
8,000
|
7,705
|
|
10.75% 03/15/2030(b)
|
|
134,000
|
128,472
|
|
11.13% 07/15/2030(b)
|
|
100,000
|
96,375
|
|
|
|
|
2,453,663
|
|
Education Services-0.34%
|
|||
|
Grand Canyon University, 5.13%,
10/01/2028
|
|
625,000
|
619,681
|
|
Electric Utilities-2.20%
|
|||
|
DPL LLC, 4.35%, 04/15/2029
|
|
320,000
|
311,846
|
|
NRG Energy, Inc., 3.38%, 02/15/2029(b)
|
|
640,000
|
609,282
|
|
PacifiCorp
|
|
|
|
|
7.38% 09/15/2055(e)
|
|
450,000
|
447,857
|
|
7.13% 08/15/2056(e)
|
|
800,000
|
788,025
|
|
Pattern Energy Operations L.P./Pattern
Energy Operations, Inc., 4.50%,
08/15/2028(b)
|
|
250,000
|
244,977
|
|
PG&E Corp.
|
|
|
|
|
5.00% 07/01/2028
|
|
480,000
|
475,762
|
|
6.85% 09/15/2056(e)
|
|
300,000
|
297,032
|
|
XPLR Infrastructure Operating Partners L.P.
|
|
|
|
|
4.50% 09/15/2027(b)
|
|
590,000
|
583,538
|
|
7.25% 01/15/2029(b)
|
|
200,000
|
206,371
|
|
|
|
|
3,964,690
|
|
Electrical Components & Equipment-1.14%
|
|||
|
Atkore, Inc., 4.25%, 06/01/2031(b)
|
|
170,000
|
161,242
|
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
920,000
|
909,727
|
|
Nissan Motor Acceptance Co. LLC
|
|
|
|
|
2.75% 03/09/2028(b)
|
|
300,000
|
286,238
|
|
7.05% 09/15/2028(b)
|
|
200,000
|
204,209
|
|
5.63% 09/29/2028(b)(c)
|
|
500,000
|
497,334
|
|
|
|
|
2,058,750
|
|
Electronic Components-0.16%
|
|||
|
Ingram Micro, Inc., 4.75%, 05/15/2029(b)
|
|
300,000
|
292,179
|
|
Environmental & Facilities Services-0.14%
|
|||
|
GFL Environmental, Inc., 4.00%,
08/01/2028(b)(c)
|
|
250,000
|
243,981
|
|
Fertilizers & Agricultural Chemicals-1.19%
|
|||
|
Consolidated Energy Finance S.A.
(Switzerland)
|
|
|
|
|
5.63% 10/15/2028(b)
|
|
167,000
|
161,501
|
|
12.00% 02/15/2031(b)
|
|
400,000
|
418,378
|
|
CVR Partners L.P./CVR Nitrogen Finance
Corp., 6.13%, 06/15/2028(b)
|
|
300,000
|
299,863
|
|
|
Principal
Amount
|
Value
|
|
|
Fertilizers & Agricultural Chemicals-(continued)
|
|||
|
FMC Corp.
|
|
|
|
|
3.45% 10/01/2029
|
$
|
600,000
|
$551,820
|
|
5.65% 05/18/2033(c)
|
|
650,000
|
581,198
|
|
Nufarm Australia Ltd./Nufarm Americas, Inc.
(Australia), 5.00%, 01/27/2030(b)(c)
|
|
140,000
|
133,286
|
|
|
|
|
2,146,046
|
|
Financial Exchanges & Data-0.47%
|
|||
|
Coinbase Global, Inc., 3.38%,
10/01/2028(b)
|
|
900,000
|
854,827
|
|
Food Retail-1.12%
|
|||
|
Albertson’s Cos., Inc./Safeway, Inc./New
Albertson’s L.P./Albertson’s LLC
|
|
|
|
|
3.50% 03/15/2029(b)
|
|
600,000
|
565,093
|
|
5.75% 03/31/2034(b)
|
|
1,100,000
|
1,024,091
|
|
BCPE Flavor Debt Merger Sub LLC and BCPE
Flavor Issuer, Inc., 9.50%, 07/01/2032(b)
|
|
440,000
|
426,028
|
|
|
|
|
2,015,212
|
|
Footwear-0.00%
|
|||
|
Beach Acquisition Bidco LLC, 10.00% PIK,
0.75% Cash10.00%, 07/15/2033(b)(d)
|
|
1
|
1
|
|
Gas Utilities-0.29%
|
|||
|
Ferrellgas L.P./Ferrellgas Finance Corp.,
9.25%, 01/15/2031(b)
|
|
500,000
|
526,160
|
|
Health Care Distributors-0.12%
|
|||
|
Accendra Health, Inc.
|
|
|
|
|
9.75% 06/15/2033(b)
|
|
259,500
|
174,514
|
|
9.75% 06/15/2033(b)
|
|
51,300
|
33,088
|
|
|
|
|
207,602
|
|
Health Care Equipment-0.27%
|
|||
|
HAH Group Holding Co. LLC, 9.75%,
10/01/2031(b)
|
|
100,000
|
90,826
|
|
Miter Brands Acquisition Holdco, Inc./MIWD
Borrower LLC, 6.75%, 04/01/2032(b)(c)
|
|
400,000
|
394,088
|
|
|
|
|
484,914
|
|
Health Care Facilities-0.30%
|
|||
|
Encompass Health Corp., 4.50%,
02/01/2028
|
|
110,000
|
108,909
|
|
LifePoint Health, Inc., 9.88%,
08/15/2030(b)
|
|
110,000
|
115,614
|
|
Tenet Healthcare Corp., 4.63%,
06/15/2028
|
|
320,000
|
316,963
|
|
|
|
|
541,486
|
|
Health Care REITs-0.14%
|
|||
|
MPT Operating Partnership L.P./MPT Finance
Corp.
|
|
|
|
|
5.00% 10/15/2027
|
|
148,000
|
143,682
|
|
4.63% 08/01/2029
|
|
131,000
|
105,075
|
|
|
|
|
248,757
|
|
Health Care Services-0.68%
|
|||
|
Avantor Funding, Inc., 4.63%,
07/15/2028(b)
|
|
200,000
|
197,365
|
|
CHS/Community Health Systems, Inc.,
5.25%, 05/15/2030(b)
|
|
200,000
|
184,817
|
|
Community Health Systems, Inc.
|
|
|
|
|
6.88% 04/15/2029(b)
|
|
100,000
|
96,525
|
|
10.88% 01/15/2032(b)
|
|
230,000
|
242,891
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Services-(continued)
|
|||
|
MPH Acquisition Holdings LLC, 5.75%,
12/31/2030(b)
|
$
|
100,002
|
$77,074
|
|
Prime Healthcare Services, Inc., 9.38%,
09/01/2029(b)
|
|
200,000
|
208,629
|
|
Team Health Holdings, Inc., 8.38%,
06/30/2028(b)
|
|
220,000
|
220,035
|
|
|
|
|
1,227,336
|
|
Health Care Supplies-0.39%
|
|||
|
DENTSPLY SIRONA, Inc., 8.38%,
09/12/2055(c)(e)
|
|
700,000
|
698,838
|
|
Health Care Technology-0.90%
|
|||
|
athenahealth Group, Inc., 6.50%,
02/15/2030(b)
|
|
244,000
|
235,481
|
|
Cogent Communications Group LLC/Cogent
Finance, Inc.
|
|
|
|
|
7.00% 06/15/2027(b)
|
|
220,000
|
217,110
|
|
7.00% 06/15/2027(b)(c)
|
|
280,000
|
276,701
|
|
6.50% 07/01/2032(b)(c)
|
|
275,000
|
245,099
|
|
U.S. Acute Care Solutions LLC, 9.75%,
05/15/2029(b)
|
|
700,000
|
653,303
|
|
|
|
|
1,627,694
|
|
Home Furnishings-0.67%
|
|||
|
Somnigroup International, Inc., 4.00%,
04/15/2029(b)
|
|
450,000
|
432,810
|
|
Wayfair LLC, 7.13%, 05/31/2034(b)(c)
|
|
760,000
|
781,300
|
|
|
|
|
1,214,110
|
|
Homebuilding-0.75%
|
|||
|
Dream Finders Homes, Inc.
|
|
|
|
|
8.25% 08/15/2028(b)
|
|
200,000
|
204,125
|
|
6.88% 09/15/2030(b)(c)
|
|
980,000
|
957,351
|
|
LGI Homes, Inc., 4.00%, 07/15/2029(b)
|
|
202,000
|
186,835
|
|
|
|
|
1,348,311
|
|
Hotel & Resort REITs-0.71%
|
|||
|
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer
|
|
|
|
|
4.88% 05/15/2029(b)
|
|
200,000
|
195,059
|
|
7.00% 02/01/2030(b)
|
|
300,000
|
305,058
|
|
RLJ Lodging Trust L.P., 4.00%,
09/15/2029(b)
|
|
100,000
|
95,317
|
|
Service Properties Trust
|
|
|
|
|
4.95% 10/01/2029
|
|
67,000
|
62,666
|
|
8.88% 06/15/2032(c)
|
|
600,000
|
616,942
|
|
|
|
|
1,275,042
|
|
Hotels, Resorts & Cruise Lines-0.39%
|
|||
|
Carnival Corp., 5.13%, 05/01/2029(b)
|
|
500,000
|
496,373
|
|
Carnival Corp. Ltd., 6.65%, 01/15/2028
|
|
200,000
|
203,444
|
|
|
|
|
699,817
|
|
Household Appliances-0.79%
|
|||
|
Whirlpool Corp.
|
|
|
|
|
4.75% 02/26/2029(c)
|
|
300,000
|
280,133
|
|
2.40% 05/15/2031(c)
|
|
300,000
|
220,993
|
|
4.70% 05/14/2032
|
|
200,000
|
155,787
|
|
5.50% 03/01/2033
|
|
300,000
|
233,898
|
|
5.75% 03/01/2034
|
|
200,000
|
151,812
|
|
7.88% 07/01/2034(b)
|
|
400,000
|
379,160
|
|
|
|
|
1,421,783
|
|
|
Principal
Amount
|
Value
|
|
|
Housewares & Specialties-0.30%
|
|||
|
Newell Brands, Inc.
|
|
|
|
|
6.63% 05/15/2032(c)
|
$
|
330,000
|
$334,100
|
|
7.38% 04/01/2036
|
|
200,000
|
201,691
|
|
|
|
|
535,791
|
|
Human Resource & Employment Services-0.54%
|
|||
|
AMN Healthcare, Inc., 4.00%,
04/15/2029(b)(c)
|
|
1,020,000
|
980,786
|
|
Independent Power Producers & Energy Traders-0.41%
|
|||
|
AES Corp. (The)
|
|
|
|
|
7.60% 01/15/2055(e)
|
|
200,000
|
203,487
|
|
6.95% 07/15/2055(c)(e)
|
|
540,000
|
530,799
|
|
|
|
|
734,286
|
|
Industrial Machinery & Supplies & Components-0.35%
|
|||
|
Park-Ohio Industries, Inc., 8.50%,
08/01/2030(b)(c)
|
|
595,000
|
622,162
|
|
Insurance Brokers-0.61%
|
|||
|
Alliant Holdings Intermediate LLC, 7.00%,
01/15/2031(b)
|
|
100,000
|
101,541
|
|
Howden UK Refinance PLC/Howden UK
Refinance 2 PLC/Howden US
Refinance LLC (United Kingdom), 7.25%,
02/15/2031(b)
|
|
675,000
|
669,035
|
|
HUB International Ltd., 7.38%,
01/31/2032(b)
|
|
130,000
|
133,039
|
|
Panther Escrow Issuer LLC, 7.13%,
06/01/2031(b)
|
|
200,000
|
199,722
|
|
|
|
|
1,103,337
|
|
Integrated Telecommunication Services-1.97%
|
|||
|
Altice France Lux 3/Altice Holdings 1
(Luxembourg), 10.00%, 01/15/2033(b)
|
|
50,000
|
49,119
|
|
Altice France S.A. (France)
|
|
|
|
|
6.88% 10/15/2030(b)
|
|
152,439
|
148,965
|
|
6.50% 04/15/2032(b)
|
|
152,439
|
147,659
|
|
6.88% 07/15/2032(b)
|
|
100,000
|
97,149
|
|
Core Scientific Finance I LLC, 7.75%,
05/15/2031(b)
|
|
1,240,000
|
1,215,740
|
|
FiberCop S.p.A. (Italy), 7.72%,
06/04/2038(b)
|
|
300,000
|
312,152
|
|
Flash Compute LLC, 7.25%, 12/31/2030(b)
|
|
800,000
|
808,858
|
|
Grubhub Holdings, Inc., 13.00% PIK, 1.00%
Cash 13.00%, 07/31/2030(b)(d)
|
|
80,816
|
68,482
|
|
Iliad Holding S.A.S. (France), 7.00%,
10/15/2028(b)
|
|
320,000
|
320,964
|
|
ION Platform Finance US, Inc./ION Platform
Finance S.a.r.l., 5.75%, 05/15/2028(b)
|
|
150,000
|
142,016
|
|
SE Cosmos LLC, 8.88%, 05/01/2031(b)
|
|
250,000
|
246,843
|
|
|
|
|
3,557,947
|
|
Interactive Home Entertainment-0.37%
|
|||
|
Jacobs Entertainment, Inc., 6.75%,
02/15/2029(b)
|
|
400,000
|
392,738
|
|
Playtika Holding Corp., 4.25%,
03/15/2029(b)(c)
|
|
300,000
|
272,843
|
|
|
|
|
665,581
|
|
Interactive Media & Services-0.72%
|
|||
|
Cars.com, Inc., 6.38%, 11/01/2028(b)(c)
|
|
600,000
|
596,752
|
|
|
Principal
Amount
|
Value
|
|
|
Interactive Media & Services-(continued)
|
|||
|
Match Group Holdings II LLC
|
|
|
|
|
4.63% 06/01/2028(b)
|
$
|
100,000
|
$98,469
|
|
5.63% 02/15/2029(b)
|
|
600,000
|
599,710
|
|
|
|
|
1,294,931
|
|
Internet Services & Infrastructure-0.75%
|
|||
|
CoreWeave, Inc., 9.25%, 06/01/2030(b)
|
|
150,000
|
140,336
|
|
Edged Compute LLC, 7.50%, 04/30/2031(b)
|
|
1,100,000
|
1,044,094
|
|
Getty Images, Inc., 9.75%, 03/01/2027(b)
|
|
200,000
|
175,000
|
|
|
|
|
1,359,430
|
|
IT Consulting & Other Services-0.08%
|
|||
|
Unisys Corp., 10.63%, 01/15/2031(b)
|
|
150,000
|
141,094
|
|
Leisure Facilities-0.25%
|
|||
|
Six Flags Entertainment Corp./Canada’s
Wonderland Co./Magnum Management
Corp., 6.50%, 10/01/2028(c)
|
|
300,000
|
300,338
|
|
Speedway Motorsports LLC/Speedway
Funding II, Inc., 4.88%, 11/01/2027(b)
|
|
144,000
|
143,252
|
|
|
|
|
443,590
|
|
Life & Health Insurance-1.37%
|
|||
|
American National Group, Inc., 7.00%,
12/01/2055(e)
|
|
800,000
|
770,240
|
|
APH Somerset Investor 2 LLC/APH2
Somerset Investor 2 LLC/APH3 Somerset
Investor 2 LLC, 7.88%, 11/01/2029(b)
|
|
930,000
|
942,615
|
|
Constellation Insurance, Inc., 6.80%,
01/24/2030(b)
|
|
200,000
|
197,908
|
|
Nassau Cos. of New York (The), 7.88%,
07/15/2030(b)
|
|
600,000
|
565,163
|
|
|
|
|
2,475,926
|
|
Life Sciences Tools & Services-0.70%
|
|||
|
Charles River Laboratories International, Inc.,
4.25%, 05/01/2028(b)
|
|
500,000
|
490,889
|
|
Fortrea Holdings, Inc., 7.50%,
07/01/2030(b)
|
|
760,000
|
774,504
|
|
|
|
|
1,265,393
|
|
Managed Health Care-0.27%
|
|||
|
Centene Corp.
|
|
|
|
|
4.63% 12/15/2029
|
|
400,000
|
388,299
|
|
3.38% 02/15/2030
|
|
100,000
|
92,550
|
|
|
|
|
480,849
|
|
Marine Transportation-0.92%
|
|||
|
Seaspan Corp Pte Ltd. (Hong Kong), 5.50%,
08/01/2029(b)
|
|
851,000
|
827,493
|
|
Stena International S.A. (Sweden), 7.63%,
02/15/2031(b)
|
|
800,000
|
825,361
|
|
|
|
|
1,652,854
|
|
Metal, Glass & Plastic Containers-0.77%
|
|||
|
Mauser Packaging Solutions Holding Co.,
9.25%, 04/15/2030(b)
|
|
58,000
|
57,535
|
|
OI European Group B.V., 4.75%,
02/15/2030(b)(c)
|
|
220,000
|
201,927
|
|
|
Principal
Amount
|
Value
|
|
|
Metal, Glass & Plastic Containers-(continued)
|
|||
|
Owens-Brockway Glass Container, Inc.
|
|
|
|
|
7.25% 05/15/2031(b)
|
$
|
160,000
|
$151,676
|
|
7.38% 06/01/2032(b)
|
|
200,000
|
184,918
|
|
9.50% 06/01/2033(b)
|
|
200,000
|
196,920
|
|
Silgan Holdings, Inc., 4.13%, 02/01/2028(c)
|
|
600,000
|
592,507
|
|
|
|
|
1,385,483
|
|
Mortgage REITs-0.67%
|
|||
|
Rithm Capital Corp.
|
|
|
|
|
8.00% 07/15/2030(b)
|
|
480,000
|
480,361
|
|
8.50% 06/01/2031(b)(c)
|
|
400,000
|
401,477
|
|
Starwood Property Trust, Inc., 7.25%,
04/01/2029(b)
|
|
320,000
|
330,129
|
|
|
|
|
1,211,967
|
|
Movies & Entertainment-1.10%
|
|||
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.05% 03/15/2029
|
|
300,000
|
294,894
|
|
4.28% 03/15/2032
|
|
200,000
|
159,964
|
|
4.28% 03/15/2032
|
|
440,000
|
391,286
|
|
5.05% 03/15/2042
|
|
400,000
|
279,000
|
|
Live Nation Entertainment, Inc., 3.75%,
01/15/2028(b)
|
|
880,000
|
862,281
|
|
|
|
|
1,987,425
|
|
Multi-line Insurance-0.04%
|
|||
|
Acrisure LLC/Acrisure Finance, Inc., 4.25%,
02/15/2029(b)
|
|
75,000
|
69,975
|
|
Multi-Sector Holdings-0.11%
|
|||
|
Planet Financial Group LLC, 10.50%,
12/15/2029(b)
|
|
200,000
|
195,288
|
|
Office REITs-1.02%
|
|||
|
Brandywine Operating Partnership L.P.
|
|
|
|
|
3.95% 11/15/2027
|
|
200,000
|
195,667
|
|
8.30% 03/15/2028
|
|
200,000
|
207,425
|
|
8.88% 04/12/2029(c)
|
|
300,000
|
314,668
|
|
4.55% 10/01/2029
|
|
100,000
|
93,775
|
|
6.13% 01/15/2031(c)
|
|
500,000
|
481,116
|
|
Hudson Pacific Properties L.P.
|
|
|
|
|
3.95% 11/01/2027
|
|
160,000
|
156,366
|
|
5.95% 02/15/2028(c)
|
|
400,000
|
396,755
|
|
|
|
|
1,845,772
|
|
Office Services & Supplies-0.41%
|
|||
|
ACCO Brands Corp., 4.25%,
03/15/2029(b)(c)
|
|
700,000
|
660,298
|
|
Pitney Bowes, Inc., 7.25%, 03/15/2029(b)
|
|
75,000
|
75,770
|
|
|
|
|
736,068
|
|
Oil & Gas Drilling-0.95%
|
|||
|
Nabors Industries, Inc.
|
|
|
|
|
9.13% 01/31/2030(b)(c)
|
|
475,000
|
497,959
|
|
8.88% 08/15/2031(b)
|
|
300,000
|
308,904
|
|
7.63% 11/15/2032(b)
|
|
200,000
|
204,131
|
|
Noble Finance II LLC, 8.00%, 04/15/2030(b)
|
|
260,000
|
268,922
|
|
Summit Midstream Holdings LLC, 8.63%,
10/31/2029(b)
|
|
150,000
|
155,859
|
|
Transocean International Ltd.
|
|
|
|
|
8.50% 05/15/2031(b)
|
|
195,000
|
203,467
|
|
6.80% 03/15/2038
|
|
75,000
|
70,246
|
|
|
|
|
1,709,488
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Equipment & Services-0.35%
|
|||
|
SESI L.L.C., 7.88%, 09/30/2030(b)
|
$
|
275,000
|
$278,442
|
|
Viridien (France), 10.00%, 10/15/2030(b)
|
|
330,000
|
344,668
|
|
|
|
|
623,110
|
|
Oil & Gas Exploration & Production-3.97%
|
|||
|
Caturus Energy LLC, 8.50%, 02/15/2030(b)
|
|
120,000
|
124,355
|
|
Comstock Resources, Inc.
|
|
|
|
|
6.75% 03/01/2029(b)
|
|
200,000
|
197,067
|
|
5.88% 01/15/2030(b)
|
|
75,000
|
70,710
|
|
Crescent Energy Finance LLC
|
|
|
|
|
9.75% 10/15/2030(b)
|
|
150,000
|
158,842
|
|
7.63% 04/01/2032(b)
|
|
130,000
|
131,471
|
|
7.88% 04/15/2032(b)
|
|
100,000
|
101,892
|
|
7.38% 01/15/2033(b)
|
|
130,000
|
130,676
|
|
8.38% 01/15/2034(b)(c)
|
|
760,000
|
784,602
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.
|
|
|
|
|
6.25% 11/01/2028(b)
|
|
400,000
|
401,438
|
|
5.75% 02/01/2029(b)
|
|
300,000
|
299,605
|
|
8.38% 11/01/2033(b)(c)
|
|
300,000
|
314,915
|
|
6.88% 05/15/2034(b)
|
|
750,000
|
735,093
|
|
Ithaca Energy (North Sea) PLC (United
Kingdom), 8.13%, 10/15/2029(b)
|
|
200,000
|
207,094
|
|
Kraken Oil & Gas Partners LLC, 7.63%,
08/15/2029(b)(c)
|
|
380,000
|
384,555
|
|
Long Ridge Energy LLC, 8.75%,
02/15/2032(b)
|
|
700,000
|
725,031
|
|
Moss Creek Resources Holdings, Inc., 8.25%,
09/01/2031(b)
|
|
580,000
|
581,687
|
|
Murphy Oil Corp., 5.88%, 12/01/2042(c)
|
|
900,000
|
785,634
|
|
Northern Oil and Gas, Inc., 7.88%,
10/15/2033(b)
|
|
75,000
|
75,114
|
|
SM Energy Co.
|
|
|
|
|
6.50% 07/15/2028
|
|
500,000
|
500,612
|
|
8.63% 11/01/2030(b)
|
|
130,000
|
136,526
|
|
7.00% 08/01/2032(b)(c)
|
|
300,000
|
304,980
|
|
|
|
|
7,151,899
|
|
Oil & Gas Refining & Marketing-0.68%
|
|||
|
CVR Energy, Inc., 7.88%, 02/15/2034(b)
|
|
400,000
|
406,734
|
|
PBF Holding Co. LLC/PBF Finance Corp.
|
|
|
|
|
9.88% 03/15/2030(b)
|
|
200,000
|
214,355
|
|
7.88% 09/15/2030(b)(c)
|
|
590,000
|
612,759
|
|
|
|
|
1,233,848
|
|
Oil & Gas Storage & Transportation-4.21%
|
|||
|
Energy Transfer L.P., 6.50%,
02/15/2056(e)
|
|
700,000
|
700,459
|
|
Harvest Midstream I L.P., 7.50%,
05/15/2032(b)
|
|
100,000
|
102,592
|
|
Hess Midstream Operations L.P., 5.88%,
03/01/2028(b)
|
|
550,000
|
553,021
|
|
Kinetik Holdings L.P., 6.63%,
12/15/2028(b)
|
|
900,000
|
915,479
|
|
NGL Energy Operating LLC/NGL Energy
Finance Corp., 8.13%, 02/15/2029(b)
|
|
700,000
|
717,827
|
|
South Bow Canadian Infrastructure Holdings
Ltd. (Canada)
|
|
|
|
|
7.50% 03/01/2055(e)
|
|
100,000
|
105,591
|
|
7.63% 03/01/2055(e)
|
|
640,000
|
666,032
|
|
Sunoco L.P./Sunoco Finance Corp.
|
|
|
|
|
5.88% 03/15/2028
|
|
1,000,000
|
1,000,923
|
|
7.00% 09/15/2028(b)
|
|
125,000
|
127,239
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Tallgrass Energy Partners L.P./Tallgrass
Energy Finance Corp., 5.50%,
01/15/2028(b)
|
$
|
525,000
|
$524,679
|
|
Venture Global Calcasieu Pass LLC, 3.88%,
08/15/2029(b)
|
|
200,000
|
190,318
|
|
Venture Global LNG, Inc.
|
|
|
|
|
9.50% 02/01/2029(b)
|
|
800,000
|
856,692
|
|
8.38% 06/01/2031(b)
|
|
400,000
|
413,723
|
|
9.88% 02/01/2032(b)(c)
|
|
675,000
|
718,972
|
|
|
|
|
7,593,547
|
|
Other Specialized REITs-0.80%
|
|||
|
Iron Mountain, Inc.
|
|
|
|
|
4.88% 09/15/2027(b)
|
|
458,000
|
456,768
|
|
5.25% 03/15/2028(b)
|
|
300,000
|
299,066
|
|
5.00% 07/15/2028(b)
|
|
700,000
|
693,715
|
|
|
|
|
1,449,549
|
|
Other Specialty Retail-1.22%
|
|||
|
Bath & Body Works, Inc.
|
|
|
|
|
5.25% 02/01/2028
|
|
600,000
|
600,269
|
|
6.88% 11/01/2035(c)
|
|
900,000
|
910,713
|
|
Michaels Cos., Inc. (The), 8.50%,
03/15/2033(b)
|
|
700,000
|
693,925
|
|
|
|
|
2,204,907
|
|
Packaged Foods & Meats-0.76%
|
|||
|
B&G Foods, Inc., 8.00%, 09/15/2028(b)(c)
|
|
600,000
|
587,324
|
|
J&F Luxembourg Finance S.a.r.l., 8.50%,
12/01/2032(b)
|
|
275,000
|
274,656
|
|
Lamb Weston Holdings, Inc., 4.88%,
05/15/2028(b)
|
|
200,000
|
198,814
|
|
Viking Baked Goods Acquisition Corp.,
8.63%, 11/01/2031(b)
|
|
300,000
|
301,859
|
|
|
|
|
1,362,653
|
|
Paper & Plastic Packaging Products & Materials-1.15%
|
|||
|
Cascades, Inc./Cascades USA, Inc. (Canada),
5.38%, 01/15/2028(b)
|
|
150,000
|
149,612
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
6.63% 04/15/2029(b)
|
|
320,000
|
318,308
|
|
6.88% 01/15/2030(b)
|
|
150,000
|
148,898
|
|
8.75% 04/15/2030(b)
|
|
300,000
|
286,983
|
|
6.75% 04/15/2032(b)
|
|
600,000
|
571,870
|
|
Sealed Air Corp., 6.88%, 07/15/2033(b)
|
|
151,000
|
147,791
|
|
Sword Purchaser LLC
|
|
|
|
|
8.25% 04/15/2033(b)
|
|
200,000
|
204,670
|
|
10.50% 04/15/2034(b)
|
|
100,000
|
103,454
|
|
Toucan FinCo Ltd./Toucan FinCo Can,
Inc./Toucan FinCo US LLC (Canada),
9.50%, 05/15/2030(b)
|
|
150,000
|
135,632
|
|
|
|
|
2,067,218
|
|
Paper Products-0.55%
|
|||
|
Clearwater Paper Corp., 4.75%,
08/15/2028(b)
|
|
600,000
|
530,088
|
|
Domtar Corp., 6.75%, 10/01/2028(b)
|
|
366,000
|
260,231
|
|
Magnera Corp., 7.25%, 11/15/2031(b)
|
|
200,000
|
195,884
|
|
|
|
|
986,203
|
|
Passenger Airlines-2.19%
|
|||
|
American Airlines, Inc., 7.25%,
02/15/2028(b)(c)
|
|
1,180,000
|
1,190,627
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines-(continued)
|
|||
|
American Airlines, Inc./AAdvantage Loyalty
IP Ltd., 5.75%, 04/20/2029(b)
|
$
|
366,667
|
$364,989
|
|
Avianca Midco 2 PLC (Colombia)
|
|
|
|
|
9.50% 01/28/2031(b)
|
|
600,000
|
561,896
|
|
10.25% 01/07/2032(b)
|
|
200,000
|
187,736
|
|
JetBlue Airways Corp./JetBlue Loyalty L.P.,
9.88%, 09/20/2031(b)(c)
|
|
830,000
|
723,091
|
|
United Airlines Holdings, Inc., 4.88%,
03/01/2029
|
|
927,000
|
915,124
|
|
|
|
|
3,943,463
|
|
Personal Care Products-0.41%
|
|||
|
Edgewell Personal Care Co.
|
|
|
|
|
5.50% 06/01/2028(b)
|
|
200,000
|
199,564
|
|
4.13% 04/01/2029(b)(c)
|
|
560,000
|
539,237
|
|
|
|
|
738,801
|
|
Pharmaceuticals-3.26%
|
|||
|
1261229 BC Ltd., 10.00%, 04/15/2032(b)
|
|
800,000
|
818,450
|
|
AdaptHealth LLC
|
|
|
|
|
6.13% 08/01/2028(b)
|
|
570,000
|
570,000
|
|
4.63% 08/01/2029(b)(c)
|
|
500,000
|
482,430
|
|
5.13% 03/01/2030(b)(c)
|
|
400,000
|
385,914
|
|
Bausch Health Cos., Inc. (Canada)
|
|
|
|
|
4.88% 06/01/2028(b)
|
|
100,000
|
93,074
|
|
11.00% 09/30/2028(b)
|
|
275,000
|
281,188
|
|
Elanco Animal Health, Inc., 6.40%,
08/28/2028
|
|
460,000
|
470,345
|
|
Endo Finance Holdings L.P., 8.50%,
04/15/2031(b)(c)
|
|
315,000
|
331,946
|
|
HLF Financing S.a.r.l. LLC/Herbalife
International, Inc.
|
|
|
|
|
4.88% 06/01/2029(b)(c)
|
|
250,000
|
232,677
|
|
7.75% 05/01/2033(b)
|
|
800,000
|
805,662
|
|
Organon & Co./Organon Foreign Debt
Co-Issuer B.V., 4.13%, 04/30/2028(b)(c)
|
|
400,000
|
393,874
|
|
P&L Development LLC/PLD Finance Corp.,
3.50% PIK Rate, 9.00% Cash Rate,
05/15/2029(b)(d)
|
|
27,775
|
25,908
|
|
Paradigm Parent LLC and Paradigm Parent
CO-Issuer, Inc., 8.75%, 04/17/2032(b)
|
|
150,000
|
137,679
|
|
Perrigo Finance Unlimited Co.
|
|
|
|
|
5.15% 06/15/2030
|
|
300,000
|
283,904
|
|
6.13% 09/30/2032(c)
|
|
600,000
|
570,458
|
|
|
|
|
5,883,509
|
|
Property & Casualty Insurance-0.79%
|
|||
|
Asurion LLC and Asurion Co-Issuer, Inc.
|
|
|
|
|
8.00% 12/31/2032(b)
|
|
1,000,000
|
1,012,436
|
|
8.38% 02/01/2034(b)
|
|
300,000
|
273,566
|
|
MBIA, Inc., 5.70%, 12/01/2034
|
|
140,000
|
137,874
|
|
|
|
|
1,423,876
|
|
Real Estate Development-0.68%
|
|||
|
Forestar Group, Inc., 5.00%, 03/01/2028(b)
|
|
600,000
|
597,299
|
|
Hunt Cos., Inc., 5.25%, 04/15/2029(b)
|
|
640,000
|
623,371
|
|
|
|
|
1,220,670
|
|
Real Estate Services-0.40%
|
|||
|
Newmark Group, Inc., 7.50%, 01/12/2029
|
|
690,000
|
716,275
|
|
Regional Banks-0.33%
|
|||
|
Veritiv Operating Co., 10.50%,
11/30/2030(b)
|
|
587,000
|
602,955
|
|
|
Principal
Amount
|
Value
|
|
|
Reinsurance-0.17%
|
|||
|
Global Atlantic (Fin) Co., 7.95%,
10/15/2054(b)(e)
|
$
|
300,000
|
$300,472
|
|
Research & Consulting Services-0.59%
|
|||
|
Clarivate Science Holdings Corp., 3.88%,
07/01/2028(b)
|
|
1,050,000
|
1,015,218
|
|
Science Applications International Corp.,
4.88%, 04/01/2028(b)
|
|
50,000
|
49,322
|
|
|
|
|
1,064,540
|
|
Restaurants-0.33%
|
|||
|
Bloomin’ Brands, Inc./OSI Restaurant
Partners LLC, 5.13%, 04/15/2029(b)
|
|
475,000
|
452,579
|
|
Fertitta Entertainment LLC/Fertitta
Entertainment Finance Co., Inc., 6.75%,
01/15/2030(b)
|
|
150,000
|
147,389
|
|
|
|
|
599,968
|
|
Security & Alarm Services-1.10%
|
|||
|
Brink’s Co. (The), 4.63%, 10/15/2027(b)
|
|
1,000,000
|
994,387
|
|
CoreCivic, Inc.
|
|
|
|
|
4.75% 10/15/2027
|
|
620,000
|
621,928
|
|
8.25% 04/15/2029
|
|
350,000
|
363,590
|
|
|
|
|
1,979,905
|
|
Single-Family Residential REITs-0.58%
|
|||
|
Ashton Woods USA LLC/Ashton Woods
Finance Co.
|
|
|
|
|
4.63% 08/01/2029(b)
|
|
800,000
|
768,813
|
|
4.63% 04/01/2030(b)(c)
|
|
300,000
|
285,071
|
|
|
|
|
1,053,884
|
|
Specialized Consumer Services-0.57%
|
|||
|
Sotheby’s, 8.25%, 04/15/2031(b)(c)
|
|
400,000
|
399,386
|
|
Sotheby’s/Bidfair Holdings, Inc., 5.88%,
06/01/2029(b)(c)
|
|
400,000
|
386,948
|
|
StoneMor, Inc., 8.50%, 05/15/2029(b)
|
|
250,000
|
248,473
|
|
|
|
|
1,034,807
|
|
Specialty Chemicals-1.35%
|
|||
|
Celanese US Holdings LLC
|
|
|
|
|
7.17% 07/15/2027
|
|
200,000
|
202,247
|
|
7.33% 07/15/2029
|
|
200,000
|
208,053
|
|
6.75% 04/15/2033(c)
|
|
650,000
|
663,120
|
|
Herens Holdco S.a.r.l. (Luxembourg), 4.75%,
05/15/2028(b)
|
|
200,000
|
178,754
|
|
Huntsman International LLC
|
|
|
|
|
4.50% 05/01/2029
|
|
500,000
|
481,572
|
|
5.70% 10/15/2034(c)
|
|
540,000
|
506,653
|
|
Tronox, Inc., 4.63%, 03/15/2029(b)
|
|
170,000
|
104,615
|
|
WR Grace Holdings LLC, 5.63%,
08/15/2029(b)
|
|
90,000
|
82,701
|
|
|
|
|
2,427,715
|
|
Steel-0.99%
|
|||
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
6.88% 11/01/2029(b)
|
|
130,000
|
131,473
|
|
6.75% 04/15/2030(b)
|
|
130,000
|
130,924
|
|
7.00% 03/15/2032(b)(c)
|
|
270,000
|
270,903
|
|
7.63% 01/15/2034(b)
|
|
450,000
|
455,704
|
|
SunCoke Energy, Inc., 4.88%,
06/30/2029(b)(c)
|
|
825,000
|
787,511
|
|
|
|
|
1,776,515
|
|
|
Principal
Amount
|
Value
|
|
|
Systems Software-0.64%
|
|||
|
Gen Digital, Inc., 6.75%, 09/30/2027(b)
|
$
|
1,042,000
|
$1,044,281
|
|
McAfee Corp., 7.38%, 02/15/2030(b)
|
|
129,000
|
109,493
|
|
|
|
|
1,153,774
|
|
Tires & Rubber-0.19%
|
|||
|
Goodyear Tire & Rubber Co. (The), 8.88%,
07/15/2032(c)
|
|
325,000
|
333,854
|
|
Trading Companies & Distributors-1.06%
|
|||
|
Herc Holdings, Inc.
|
|
|
|
|
7.00% 06/15/2030(b)
|
|
200,000
|
206,426
|
|
7.25% 06/15/2033(b)(c)
|
|
400,000
|
413,070
|
|
6.00% 03/15/2034(b)(c)
|
|
500,000
|
490,728
|
|
QXO Building Products, Inc., 6.75%,
04/30/2032(b)
|
|
780,000
|
797,285
|
|
|
|
|
1,907,509
|
|
Transaction & Payment Processing Services-0.57%
|
|||
|
NCR Atleos Corp., 9.50%, 04/01/2029(b)
|
|
401,000
|
425,479
|
|
Shift4 Payments LLC/Shift4 Payments
Finance Sub, Inc., 6.75%,
08/15/2032(b)(c)
|
|
600,000
|
601,258
|
|
|
|
|
1,026,737
|
|
Water Utilities-0.23%
|
|||
|
S&S Holdings LLC, 8.38%, 10/01/2031(b)
|
|
430,000
|
415,598
|
|
Wireless Telecommunication Services-1.25%
|
|||
|
APLD ComputeCo 3 LLC, 7.00%,
06/15/2031(b)
|
|
500,000
|
488,263
|
|
Ontario Gaming GTA L.P./OTG Co-Issuer, Inc.
(Canada), 8.00%, 08/01/2030(b)
|
|
200,000
|
200,154
|
|
PR RNO Property Owner 1 LLC, 6.50%,
05/01/2031(b)
|
|
600,000
|
565,709
|
|
VMED O2 UK Financing I PLC (United
Kingdom)
|
|
|
|
|
7.75% 04/15/2032(b)(c)
|
|
700,000
|
589,577
|
|
6.75% 01/15/2033(b)(c)
|
|
500,000
|
400,759
|
|
|
|
|
2,244,462
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $177,521,026)
|
175,376,834
|
||
|
U.S. Treasury Securities-0.23%
|
|||
|
U.S. Treasury Bills-0.23%(f)
|
|||
|
3.63%–3.68%, 09/17/2026(g)
(Cost $406,072)
|
|
408,000
|
406,138
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-0.02%
|
|||
|
Integrated Telecommunication Services-0.02%
|
|||
|
Altice France S.A. (France)(h)
|
|
1,810
|
$35,179
|
|
Pharmaceuticals-0.00%
|
|||
|
Keenova Therapeutics PLC(h)(i)
|
|
11
|
1,089
|
|
PAR HEALTH(h)(i)
|
|
11
|
71
|
|
|
|
|
1,160
|
|
Total Common Stocks & Other Equity Interests
(Cost $32,687)
|
36,339
|
||
|
Money Market Funds-1.84%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(j)(k)
(Cost $3,311,820)
|
|
3,311,820
|
3,311,820
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.39%
(Cost $181,271,605)
|
179,131,131
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-22.05%
|
|||
|
Invesco Private Government Fund,
3.69%(j)(k)(l)
|
|
11,048,775
|
11,048,775
|
|
Invesco Private Prime Fund, 3.82%(j)(k)(l)
|
|
28,701,410
|
28,704,280
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $39,753,562)
|
39,753,055
|
||
|
TOTAL INVESTMENTS IN SECURITIES-121.44%
(Cost $221,025,167)
|
218,884,186
|
||
|
OTHER ASSETS LESS LIABILITIES-(21.44)%
|
(38,641,657
)
|
||
|
NET ASSETS-100.00%
|
$180,242,529
|
||
|
Investment Abbreviations:
|
|
|
PIK
|
-Pay-in-Kind
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $138,188,050, which represented 76.67% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest
income in the form of securities.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(g)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(h)
|
Non-income producing security.
|
|
(i)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(j)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$881,378
|
$28,070,666
|
$(25,640,224
)
|
$-
|
$-
|
$3,311,820
|
$32,416
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
10,645,658
|
36,950,902
|
(36,547,785
)
|
-
|
-
|
11,048,775
|
682,411
*
|
|
Invesco Private Prime
Fund
|
29,109,030
|
81,453,260
|
(81,851,000
)
|
(443
)
|
(6,567
)
|
28,704,280
|
848,843
*
|
|
Total
|
$40,636,066
|
$146,474,828
|
$(144,039,009
)
|
$(443
)
|
$(6,567
)
|
$43,064,875
|
$1,563,670
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(k)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(l)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Notes
|
49
|
September-2026
|
$5,292,000
|
$(46,937
)
|
$(46,937
)
|
|
U.S. Treasury 10 Year Ultra
|
12
|
September-2026
|
1,316,437
|
(27,440
)
|
(27,440
)
|
|
U.S. Treasury 5 Year Notes
|
151
|
September-2026
|
16,002,461
|
(123,135
)
|
(123,135
)
|
|
U.S. Treasury Long Bonds
|
5
|
September-2026
|
541,563
|
(13,040
)
|
(13,040
)
|
|
U.S. Treasury Ultra Bonds
|
1
|
September-2026
|
109,688
|
(2,564
)
|
(2,564
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(213,116
)
|
(213,116
)
|
|
Open Futures Contracts—(continued)
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
76
|
September-2026
|
$(15,626,313
)
|
$47,123
|
$47,123
|
|
Total Futures Contracts
|
$(165,993
)
|
$(165,993
)
|
|||
|
Open Centrally Cleared Credit Default Swap Agreements
|
|||||||||
|
Reference Entity
|
Buy/Sell
Protection
|
(Pay)/
Receive
Fixed
Rate
|
Payment
Frequency
|
Maturity Date
|
Implied
Credit
Spread(a)
|
Notional
Value
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Credit Risk
|
|||||||||
|
Markit CDX North
America High Yield
Index, Series 40,
Version 1
|
Sell
|
5.00%
|
Quarterly
|
06/20/2028
|
2.055%
|
USD
8,342,000
|
$450,468
|
$480,401
|
$29,933
|
|
Credit Risk
|
|||||||||
|
Markit CDX North
America High Yield
Index, Series 46,
Version 1
|
Sell
|
5.00
|
Quarterly
|
06/20/2031
|
3.115
|
USD
2,722,500
|
210,112
|
207,918
|
(2,194
)
|
|
Total Credit Default Swap Agreements
|
$660,580
|
$688,319
|
$27,739
|
||||||
|
(a)
|
Implied credit spreads represent the current level, as of July 31, 2026, at which
protection could be bought or sold given the terms of the existing credit
default swap agreement and serve as an indicator of the current status of the payment/performance
risk of the credit default swap agreement. An implied
credit spread that has widened or increased since entry into the initial agreement
may indicate a deteriorating credit profile and increased risk of default for the
reference entity. A declining or narrowing spread may indicate an improving credit
profile or decreased risk of default for the reference entity. Alternatively,
credit spreads may increase or decrease reflecting the general tolerance for risk
in the credit markets generally.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-98.82%
|
|||
|
Australia-0.69%
|
|||
|
AngloGold Ashanti PLC
|
|
12,095
|
$959,375
|
|
Austria-1.08%
|
|||
|
Erste Group Bank AG
|
|
11,534
|
1,504,363
|
|
Belgium-1.15%
|
|||
|
Anheuser-Busch InBev S.A./N.V.
|
|
18,588
|
1,610,803
|
|
Canada-1.67%
|
|||
|
Canadian Pacific Kansas City Ltd.(a)
|
|
26,301
|
2,334,534
|
|
China-5.99%
|
|||
|
Alibaba Group Holding Ltd., ADR(a)
|
|
14,035
|
1,715,779
|
|
Contemporary Amperex Technology Co. Ltd.,
H Shares
|
|
51,127
|
4,047,870
|
|
Tencent Holdings Ltd.
|
|
42,399
|
2,590,970
|
|
|
|
|
8,354,619
|
|
Denmark-3.38%
|
|||
|
Novo Nordisk A/S, Class B
|
|
71,416
|
3,370,420
|
|
Orsted A/S(b)(c)
|
|
60,494
|
1,345,674
|
|
|
|
|
4,716,094
|
|
France-8.18%
|
|||
|
Air Liquide S.A.
|
|
8,978
|
1,764,756
|
|
Airbus SE
|
|
14,954
|
3,502,669
|
|
Sartorius Stedim Biotech
|
|
15,555
|
3,000,626
|
|
Schneider Electric SE
|
|
9,362
|
3,138,407
|
|
Vinci S.A.
|
|
84
|
11,833
|
|
|
|
|
11,418,291
|
|
Germany-5.42%
|
|||
|
SAP SE
|
|
9,332
|
1,706,655
|
|
Siemens AG
|
|
17,919
|
5,857,865
|
|
|
|
|
7,564,520
|
|
India-4.60%
|
|||
|
ICICI Bank Ltd., ADR
|
|
103,853
|
3,114,552
|
|
Reliance Industries Ltd., GDR(b)
|
|
60,181
|
3,303,184
|
|
|
|
|
6,417,736
|
|
Israel-1.64%
|
|||
|
Teva Pharmaceutical Industries Ltd., ADR(c)
|
|
65,332
|
2,287,273
|
|
Italy-1.60%
|
|||
|
Ryanair Holdings PLC
|
|
79,890
|
2,235,186
|
|
Japan-7.61%
|
|||
|
Advantest Corp.
|
|
7,163
|
1,414,213
|
|
Hitachi Ltd.
|
|
87,714
|
2,872,270
|
|
Keyence Corp.
|
|
5,303
|
2,657,911
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
164,654
|
3,675,022
|
|
|
|
|
10,619,416
|
|
Mexico-1.73%
|
|||
|
Arca Continental S.A.B. de C.V.
|
|
210,812
|
2,411,342
|
|
Netherlands-8.39%
|
|||
|
Argenx SE, ADR(c)
|
|
1,269
|
1,083,497
|
|
ASML Holding N.V.
|
|
5,564
|
9,148,501
|
|
IMCD N.V.
|
|
13,579
|
1,484,306
|
|
|
|
|
11,716,304
|
|
Poland-2.27%
|
|||
|
Allegro.eu S.A.(b)(c)
|
|
263,336
|
3,165,624
|
|
Singapore-1.10%
|
|||
|
Sea Ltd., ADR(c)
|
|
14,336
|
1,530,225
|
|
|
Shares
|
Value
|
|
|
South Korea-3.20%
|
|||
|
Samsung Electronics Co. Ltd.
|
|
9,260
|
$1,611,747
|
|
SK hynix, Inc.
|
|
2,516
|
2,857,310
|
|
|
|
|
4,469,057
|
|
Spain-1.73%
|
|||
|
Banco Santander S.A.(a)
|
|
169,877
|
2,410,591
|
|
Sweden-0.88%
|
|||
|
Epiroc AB, Class A
|
|
47,969
|
1,227,469
|
|
Switzerland-9.38%
|
|||
|
Cie Financiere Richemont S.A.
|
|
12,308
|
2,906,739
|
|
Galderma Group AG, Class A(c)
|
|
6,342
|
1,379,069
|
|
Lonza Group AG(c)
|
|
5,574
|
3,882,076
|
|
Straumann Holding AG
|
|
17,048
|
2,109,664
|
|
UBS Group AG
|
|
53,234
|
2,811,737
|
|
|
|
|
13,089,285
|
|
Taiwan-9.38%
|
|||
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
177,000
|
13,091,854
|
|
United Kingdom-12.77%
|
|||
|
AstraZeneca PLC
|
|
11,989
|
2,036,426
|
|
BAE Systems PLC
|
|
81,698
|
2,309,384
|
|
British American Tobacco PLC
|
|
44,527
|
2,697,042
|
|
Halma PLC
|
|
30,005
|
1,431,427
|
|
HSBC Holdings PLC
|
|
98,716
|
2,099,069
|
|
London Stock Exchange Group PLC
|
|
21,252
|
2,387,143
|
|
Rolls-Royce Holdings PLC
|
|
114,039
|
2,271,663
|
|
Tesco PLC
|
|
395,124
|
2,596,910
|
|
|
|
|
17,829,064
|
|
United States-4.98%
|
|||
|
Booking Holdings, Inc.
|
|
10,223
|
1,972,017
|
|
Ferguson Enterprises, Inc.
|
|
10,626
|
2,489,990
|
|
Illumina, Inc.(c)
|
|
12,169
|
2,495,862
|
|
|
|
|
6,957,869
|
|
Total Common Stocks & Other Equity Interests
(Cost $122,419,034)
|
137,920,894
|
||
|
Money Market Funds-1.69%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(e)
(Cost $2,356,833)
|
|
2,356,833
|
2,356,833
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.51%
(Cost $124,775,867)
|
140,277,727
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-3.26%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
1,273,015
|
1,273,015
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
3,275,317
|
3,275,645
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $4,548,660)
|
4,548,660
|
||
|
TOTAL INVESTMENTS IN SECURITIES-103.77%
(Cost $129,324,527)
|
144,826,387
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.77)%
|
(5,259,980
)
|
||
|
NET ASSETS-100.00%
|
$139,566,407
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
GDR-Global Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $7,814,482, which represented 5.60% of the Fund’s Net Assets.
|
|
(c)
|
Non-income producing security.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$-
|
$42,630,425
|
$(40,273,592
)
|
$-
|
$-
|
$2,356,833
|
$26,075
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
252,196
|
22,329,233
|
(21,308,414
)
|
-
|
-
|
1,273,015
|
86,871
*
|
|
Invesco Private Prime Fund
|
654,550
|
48,485,565
|
(45,863,366
)
|
1
|
(1,105
)
|
3,275,645
|
116,433
*
|
|
Total
|
$906,746
|
$113,445,223
|
$(107,445,372
)
|
$1
|
$(1,105
)
|
$6,905,493
|
$229,379
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-78.42%
|
|||
|
Australia-5.83%
|
|||
|
ANZ Group Holdings Ltd.
|
|
66,465
|
$1,733,860
|
|
APA Group
|
|
29,195
|
208,458
|
|
Aristocrat Leisure Ltd.
|
|
11,951
|
536,146
|
|
ASX Ltd.
|
|
4,323
|
166,446
|
|
BHP Group Ltd.
|
|
111,999
|
4,712,100
|
|
Brambles Ltd.
|
|
29,771
|
407,933
|
|
CAR Group Ltd.(a)
|
|
7,932
|
144,562
|
|
Cochlear Ltd.
|
|
1,458
|
121,967
|
|
Coles Group Ltd.
|
|
29,625
|
499,530
|
|
Commonwealth Bank of Australia
|
|
36,893
|
4,603,285
|
|
Computershare Ltd.
|
|
11,469
|
328,931
|
|
CSL Ltd.
|
|
10,712
|
924,452
|
|
Evolution Mining Ltd.
|
|
44,793
|
354,522
|
|
Fortescue Ltd.
|
|
35,636
|
461,568
|
|
Glencore PLC(b)
|
|
207,010
|
1,522,438
|
|
Goodman Group
|
|
43,959
|
913,489
|
|
Insurance Australia Group Ltd.
|
|
49,230
|
292,780
|
|
Lottery Corp. Ltd. (The)
|
|
49,066
|
191,885
|
|
Lynas Rare Earths Ltd.(b)
|
|
19,978
|
195,717
|
|
Macquarie Group Ltd.
|
|
7,972
|
1,412,566
|
|
Medibank Pvt. Ltd.
|
|
60,713
|
219,662
|
|
National Australia Bank Ltd.
|
|
67,629
|
1,954,646
|
|
Northern Star Resources Ltd.
|
|
29,963
|
414,485
|
|
Origin Energy Ltd.
|
|
37,992
|
286,098
|
|
PLS Group Ltd.(a)(b)
|
|
69,261
|
200,875
|
|
Pro Medicus Ltd.
|
|
1,280
|
145,342
|
|
Qantas Airways Ltd.
|
|
16,335
|
113,466
|
|
QBE Insurance Group Ltd.
|
|
33,107
|
573,172
|
|
REA Group Ltd.
|
|
1,151
|
129,748
|
|
Rio Tinto Ltd.(a)
|
|
8,187
|
973,939
|
|
Rio Tinto PLC
|
|
23,520
|
2,282,039
|
|
Santos Ltd.
|
|
71,599
|
396,908
|
|
Scentre Group
|
|
115,145
|
315,549
|
|
SGH Ltd.
|
|
4,472
|
138,044
|
|
Sigma Healthcare Ltd.
|
|
114,552
|
235,770
|
|
Sonic Healthcare Ltd.
|
|
10,138
|
154,870
|
|
South32 Ltd.
|
|
98,901
|
314,724
|
|
Stockland
|
|
53,411
|
159,584
|
|
Suncorp Group Ltd.
|
|
23,890
|
320,840
|
|
Telstra Group Ltd.
|
|
86,717
|
305,578
|
|
Transurban Group
|
|
68,797
|
713,121
|
|
Vicinity Ltd.
|
|
87,398
|
163,948
|
|
Washington H Soul Pattinson & Co. Ltd.(a)
|
|
7,538
|
244,193
|
|
Wesfarmers Ltd.
|
|
25,036
|
1,565,242
|
|
Westpac Banking Corp.
|
|
75,410
|
1,995,975
|
|
WiseTech Global Ltd.
|
|
4,247
|
109,264
|
|
Woodside Energy Group Ltd.
|
|
41,909
|
979,066
|
|
Woolworths Group Ltd.
|
|
26,933
|
750,194
|
|
|
|
|
35,888,977
|
|
Austria-0.28%
|
|||
|
BAWAG Group AG(c)
|
|
1,600
|
323,742
|
|
Erste Group Bank AG
|
|
6,793
|
886,001
|
|
OMV AG
|
|
3,256
|
237,559
|
|
Raiffeisen Bank International AG
|
|
2,894
|
198,250
|
|
Verbund AG(a)
|
|
1,505
|
103,069
|
|
|
|
|
1,748,621
|
|
Belgium-0.68%
|
|||
|
Ageas S.A./N.V.
|
|
3,291
|
271,740
|
|
Anheuser-Busch InBev S.A./N.V.
|
|
19,808
|
1,716,526
|
|
D’Ieteren Group
|
|
468
|
96,380
|
|
|
Shares
|
Value
|
|
|
Belgium-(continued)
|
|||
|
Elia Group S.A./N.V.
|
|
948
|
$135,528
|
|
Financiere de Tubize S.A.(a)
|
|
441
|
98,406
|
|
Groupe Bruxelles Lambert N.V.
|
|
1,602
|
144,169
|
|
KBC Group N.V.
|
|
5,063
|
726,715
|
|
Lotus Bakeries N.V.
|
|
7
|
89,581
|
|
Sofina S.A.(a)
|
|
360
|
101,789
|
|
Syensqo S.A.
|
|
1,545
|
137,129
|
|
UCB S.A.
|
|
2,673
|
684,569
|
|
|
|
|
4,202,532
|
|
Brazil-0.03%
|
|||
|
Yara International ASA
|
|
3,511
|
165,503
|
|
Chile-0.06%
|
|||
|
Antofagasta PLC
|
|
7,622
|
379,323
|
|
China-0.16%
|
|||
|
BOC Hong Kong (Holdings) Ltd.
|
|
81,443
|
541,656
|
|
SITC International Holdings Co. Ltd.
|
|
30,481
|
153,695
|
|
Wilmar International Ltd.
|
|
35,230
|
107,624
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
56,920
|
173,566
|
|
|
|
|
976,541
|
|
Czech Republic-0.01%
|
|||
|
CSG N.V.(a)(b)
|
|
3,306
|
63,116
|
|
Denmark-1.26%
|
|||
|
Carlsberg A/S, Class B
|
|
2,057
|
302,216
|
|
Coloplast A/S, Class B
|
|
2,794
|
184,347
|
|
Danske Bank A/S
|
|
13,815
|
793,244
|
|
Demant A/S(b)
|
|
1,886
|
81,448
|
|
DSV A/S
|
|
4,230
|
912,116
|
|
Genmab A/S(b)
|
|
1,341
|
385,115
|
|
Novo Nordisk A/S, Class B
|
|
70,988
|
3,350,221
|
|
Novonesis (Novozymes) B, Class B
|
|
7,757
|
504,013
|
|
Orsted A/S(b)(c)
|
|
10,182
|
226,496
|
|
Pandora A/S
|
|
1,671
|
208,782
|
|
Rockwool A/S, Class B
|
|
2,057
|
65,574
|
|
Tryg A/S
|
|
6,753
|
160,340
|
|
Vestas Wind Systems A/S
|
|
21,144
|
567,851
|
|
|
|
|
7,741,763
|
|
Finland-0.90%
|
|||
|
Elisa OYJ(a)
|
|
3,126
|
125,784
|
|
Fortum OYJ(a)
|
|
9,892
|
224,376
|
|
Kesko OYJ, Class B
|
|
6,008
|
149,366
|
|
Kone OYJ, Class B
|
|
7,246
|
417,130
|
|
Metso OYJ
|
|
14,149
|
264,247
|
|
Neste OYJ
|
|
9,312
|
329,258
|
|
Nokia OYJ
|
|
110,764
|
1,021,477
|
|
Nordea Bank Abp
|
|
67,702
|
1,363,360
|
|
Orion OYJ, Class B
|
|
2,417
|
225,449
|
|
Sampo OYJ
|
|
52,673
|
581,868
|
|
Stora Enso OYJ, Class R
|
|
12,153
|
139,439
|
|
UBS AG
|
|
11,638
|
315,907
|
|
Wartsila OYJ Abp
|
|
10,765
|
364,243
|
|
|
|
|
5,521,904
|
|
France-7.31%
|
|||
|
Abivax S.A.(a)(b)
|
|
1,166
|
144,382
|
|
Accor S.A.
|
|
4,146
|
215,131
|
|
Aeroports de Paris S.A.(a)
|
|
706
|
97,635
|
|
Air Liquide S.A.
|
|
14,053
|
2,762,320
|
|
Airbus SE
|
|
13,116
|
3,072,155
|
|
Alstom S.A.(b)
|
|
7,649
|
141,386
|
|
Amundi S.A.(c)
|
|
1,357
|
147,945
|
|
|
Shares
|
Value
|
|
|
France-(continued)
|
|||
|
AXA S.A.
|
|
34,561
|
$1,787,246
|
|
Ayvens S.A.(c)
|
|
7,330
|
98,569
|
|
bioMerieux
|
|
853
|
67,838
|
|
BNP Paribas S.A.
|
|
21,861
|
2,771,588
|
|
Bollore SE
|
|
13,629
|
60,729
|
|
Bouygues S.A.
|
|
4,877
|
274,101
|
|
Bureau Veritas S.A.
|
|
7,010
|
223,745
|
|
Capgemini SE
|
|
3,359
|
398,353
|
|
Carrefour S.A.
|
|
12,985
|
237,763
|
|
Cie de Saint-Gobain S.A.
|
|
9,831
|
921,905
|
|
Cie Generale des Etablissements Michelin
S.C.A.
|
|
13,642
|
550,173
|
|
Covivio S.A.
|
|
1,157
|
70,472
|
|
Credit Agricole S.A.
|
|
20,013
|
446,192
|
|
Danone S.A.
|
|
13,889
|
1,077,936
|
|
Dassault Aviation S.A.
|
|
388
|
133,733
|
|
Dassault Systemes SE
|
|
14,782
|
343,128
|
|
Eiffage S.A.
|
|
1,511
|
214,274
|
|
ENGIE S.A.
|
|
39,239
|
1,220,367
|
|
EssilorLuxottica S.A.
|
|
6,632
|
1,252,753
|
|
Gecina S.A.
|
|
958
|
82,807
|
|
Getlink SE
|
|
5,464
|
116,299
|
|
Hermes International S.C.A.
|
|
585
|
1,034,210
|
|
Ipsen S.A.
|
|
726
|
139,966
|
|
Kering S.A.
|
|
1,567
|
516,059
|
|
Klepierre S.A.
|
|
4,759
|
215,672
|
|
Legrand S.A.
|
|
5,651
|
857,181
|
|
L’Oreal S.A.
|
|
5,293
|
2,352,164
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
5,488
|
3,006,861
|
|
Orange S.A.
|
|
41,064
|
782,623
|
|
Pernod Ricard S.A.
|
|
4,325
|
336,302
|
|
Publicis Groupe S.A.
|
|
5,048
|
537,561
|
|
Renault S.A.
|
|
4,092
|
128,919
|
|
Rexel S.A.
|
|
4,886
|
202,291
|
|
Safran S.A.
|
|
7,624
|
2,989,336
|
|
Sartorius Stedim Biotech
|
|
645
|
124,423
|
|
Schneider Electric SE
|
|
12,085
|
4,051,234
|
|
Societe Generale S.A.
|
|
14,085
|
1,320,959
|
|
Sodexo S.A.
|
|
1,716
|
112,584
|
|
STMicroelectronics N.V.
|
|
13,919
|
741,855
|
|
Thales S.A.
|
|
2,032
|
577,167
|
|
TotalEnergies SE
|
|
43,411
|
3,818,509
|
|
Unibail-Rodamco-Westfield
|
|
2,389
|
290,416
|
|
Veolia Environnement S.A.
|
|
13,082
|
519,403
|
|
Vinci S.A.
|
|
10,281
|
1,448,332
|
|
|
|
|
45,034,952
|
|
Germany-6.93%
|
|||
|
adidas AG
|
|
3,563
|
657,752
|
|
Allianz SE
|
|
8,382
|
4,165,684
|
|
BASF SE
|
|
19,678
|
1,139,804
|
|
Bayer AG
|
|
21,659
|
1,199,274
|
|
Bayerische Motoren Werke AG
|
|
7,344
|
502,249
|
|
Beiersdorf AG
|
|
2,001
|
185,456
|
|
Brenntag SE
|
|
2,562
|
180,256
|
|
Commerzbank AG(a)
|
|
14,293
|
621,970
|
|
Continental AG
|
|
2,424
|
201,133
|
|
CTS Eventim AG & Co. KGaA
|
|
1,278
|
86,033
|
|
Daimler Truck Holding AG
|
|
10,125
|
571,387
|
|
Deutsche Bank AG
|
|
40,017
|
1,469,546
|
|
Deutsche Boerse AG
|
|
3,997
|
1,201,251
|
|
Deutsche Lufthansa AG
|
|
13,216
|
138,363
|
|
Deutsche Post AG
|
|
20,274
|
1,351,287
|
|
|
Shares
|
Value
|
|
|
Germany-(continued)
|
|||
|
Deutsche Telekom AG
|
|
75,710
|
$2,331,220
|
|
Dr. Ing. h.c. F. Porsche AG, Preference
Shares(a)(c)
|
|
2,412
|
117,817
|
|
E.ON SE
|
|
49,495
|
1,063,881
|
|
Evonik Industries AG
|
|
5,662
|
114,282
|
|
Fresenius Medical Care AG
|
|
4,200
|
215,066
|
|
Fresenius SE & Co. KGaA
|
|
9,300
|
476,917
|
|
GEA Group AG
|
|
3,242
|
229,797
|
|
Hannover Rueck SE
|
|
1,328
|
381,929
|
|
Heidelberg Materials AG
|
|
2,907
|
539,962
|
|
Henkel AG & Co. KGaA
|
|
2,000
|
163,511
|
|
Henkel AG & Co. KGaA, Preference Shares
|
|
3,332
|
289,825
|
|
Hensoldt AG
|
|
1,334
|
122,264
|
|
HOCHTIEF AG
|
|
308
|
157,502
|
|
Infineon Technologies AG
|
|
28,794
|
2,061,703
|
|
Knorr-Bremse AG
|
|
1,404
|
166,609
|
|
Mercedes-Benz Group AG
|
|
15,925
|
859,111
|
|
Merck KGaA
|
|
2,851
|
470,118
|
|
MTU Aero Engines AG
|
|
1,174
|
491,123
|
|
Muenchener Rueckversicherungs-Gesellschaft
AG in Muenchen, Class R
|
|
2,877
|
1,724,319
|
|
Nemetschek SE
|
|
1,283
|
86,285
|
|
Porsche Automobil Holding SE, Preference
Shares
|
|
3,363
|
111,370
|
|
Rational AG
|
|
131
|
101,761
|
|
Rheinmetall AG
|
|
1,038
|
1,369,090
|
|
RWE AG
|
|
14,182
|
930,831
|
|
SAP SE
|
|
23,033
|
4,212,322
|
|
Sartorius AG, Preference Shares
|
|
574
|
144,341
|
|
Scout24 SE(c)
|
|
1,539
|
131,647
|
|
Siemens AG
|
|
16,374
|
5,352,792
|
|
Siemens Energy AG, Class A
|
|
17,097
|
2,914,320
|
|
Siemens Healthineers AG(c)
|
|
7,463
|
317,092
|
|
Symrise AG
|
|
2,916
|
298,566
|
|
Talanx AG
|
|
1,311
|
173,858
|
|
Volkswagen AG, Preference Shares
|
|
4,558
|
393,024
|
|
Vonovia SE
|
|
15,888
|
384,584
|
|
Zalando SE(b)(c)
|
|
4,653
|
151,417
|
|
|
|
|
42,721,701
|
|
Guatemala-0.03%
|
|||
|
Millicom International Cellular S.A.
|
|
2,037
|
194,493
|
|
Hong Kong-1.45%
|
|||
|
AIA Group Ltd.
|
|
231,611
|
2,335,085
|
|
CK Asset Holdings Ltd.
|
|
38,779
|
236,228
|
|
CK Hutchison Holdings Ltd.
|
|
58,710
|
550,127
|
|
CK Infrastructure Holdings Ltd.
|
|
13,694
|
109,242
|
|
CLP Holdings Ltd.
|
|
36,421
|
362,147
|
|
Futu Holdings Ltd., ADR
|
|
1,086
|
114,160
|
|
Henderson Land Development Co. Ltd.
|
|
30,757
|
111,517
|
|
HKT Trust & HKT Ltd.
|
|
75,466
|
127,765
|
|
Hong Kong & China Gas Co. Ltd. (The)
|
|
246,406
|
220,614
|
|
Hong Kong Exchanges & Clearing Ltd.
|
|
26,547
|
1,383,316
|
|
Hongkong Land Holdings Ltd.
|
|
21,312
|
172,814
|
|
Jardine Matheson Holdings Ltd.
|
|
3,524
|
234,046
|
|
Link REIT(a)
|
|
57,635
|
287,311
|
|
MTR Corp. Ltd.
|
|
34,322
|
144,825
|
|
Power Assets Holdings Ltd.(a)
|
|
30,179
|
227,224
|
|
Prudential PLC
|
|
55,645
|
835,023
|
|
Sino Land Co. Ltd.
|
|
80,635
|
109,839
|
|
Sun Hung Kai Properties Ltd.
|
|
28,704
|
450,551
|
|
Swire Pacific Ltd., Class A
|
|
7,239
|
91,940
|
|
|
Shares
|
Value
|
|
|
Hong Kong-(continued)
|
|||
|
Techtronic Industries Co. Ltd.
|
|
30,163
|
$506,789
|
|
WH Group Ltd.
|
|
169,455
|
182,347
|
|
Wharf Real Estate Investment Co. Ltd.
|
|
34,008
|
115,026
|
|
|
|
|
8,907,936
|
|
Ireland-0.39%
|
|||
|
AIB Group PLC
|
|
46,741
|
554,667
|
|
Bank of Ireland Group PLC
|
|
20,946
|
438,873
|
|
Experian PLC
|
|
19,840
|
747,447
|
|
Kerry Group PLC, Class A
|
|
3,514
|
334,724
|
|
Kingspan Group PLC
|
|
3,364
|
311,958
|
|
|
|
|
2,387,669
|
|
Israel-0.88%
|
|||
|
Azrieli Group Ltd.
|
|
947
|
124,784
|
|
Bank Hapoalim B.M.
|
|
28,888
|
700,048
|
|
Bank Leumi le-Israel B.M.
|
|
32,574
|
768,249
|
|
Check Point Software Technologies Ltd.(b)
|
|
1,730
|
219,935
|
|
Elbit Systems Ltd.
|
|
623
|
502,352
|
|
Enlight Renewable Energy Ltd.(b)
|
|
3,070
|
260,069
|
|
Harel Insurance Investments & Financial
Services Ltd.
|
|
2,614
|
149,578
|
|
ICL Group Ltd.
|
|
15,644
|
79,794
|
|
Israel Discount Bank Ltd., Class A
|
|
26,986
|
281,120
|
|
Mizrahi Tefahot Bank Ltd.
|
|
3,453
|
256,492
|
|
Nova Ltd.(b)
|
|
671
|
266,144
|
|
OPC Energy Ltd.(b)
|
|
3,755
|
117,597
|
|
Phoenix Finance Ltd.
|
|
5,024
|
281,173
|
|
Teva Pharmaceutical Industries Ltd., ADR(b)
|
|
25,681
|
899,092
|
|
Tower Semiconductor Ltd.(b)
|
|
2,456
|
537,034
|
|
|
|
|
5,443,461
|
|
Italy-2.65%
|
|||
|
Assicurazioni Generali S.p.A.(a)
|
|
17,954
|
907,841
|
|
Banca Mediolanum S.p.A.
|
|
4,536
|
121,268
|
|
Banca Monte dei Paschi di Siena S.p.A.
|
|
41,871
|
559,531
|
|
Banco BPM S.p.A.
|
|
25,056
|
456,446
|
|
BPER Banca S.p.A.
|
|
34,500
|
559,334
|
|
Coca-Cola HBC AG(b)
|
|
4,416
|
297,328
|
|
Davide Campari-Milano N.V.(a)
|
|
12,908
|
87,715
|
|
Enel S.p.A.
|
|
168,109
|
1,894,244
|
|
Eni S.p.A.
|
|
40,049
|
1,111,519
|
|
Ferrari N.V.
|
|
2,667
|
1,046,283
|
|
FinecoBank Banca Fineco S.p.A.
|
|
13,477
|
368,395
|
|
Intesa Sanpaolo S.p.A.
|
|
307,159
|
2,316,677
|
|
Italgas S.p.A.
|
|
13,439
|
138,275
|
|
Leonardo S.p.A.
|
|
8,938
|
568,375
|
|
Moncler S.p.A.
|
|
4,845
|
274,957
|
|
Poste Italiane S.p.A.
|
|
10,085
|
304,409
|
|
Prysmian S.p.A.
|
|
6,200
|
853,630
|
|
Recordati Industria Chimica e Farmaceutica
S.p.A.
|
|
2,287
|
135,927
|
|
Ryanair Holdings PLC
|
|
9,211
|
257,708
|
|
Snam S.p.A.
|
|
44,452
|
300,742
|
|
Telecom Italia S.p.A.(b)
|
|
37,675
|
319,210
|
|
Terna S.p.A.
|
|
31,018
|
354,793
|
|
UniCredit S.p.A.
|
|
29,919
|
2,815,356
|
|
Unipol Assicurazioni S.p.A.
|
|
7,910
|
246,942
|
|
|
|
|
16,296,905
|
|
Ivory Coast-0.04%
|
|||
|
Endeavour Mining PLC
|
|
4,689
|
223,359
|
|
|
Shares
|
Value
|
|
|
Japan-18.06%
|
|||
|
Advantest Corp.
|
|
16,089
|
$3,176,500
|
|
AEON Co. Ltd.
|
|
47,591
|
408,010
|
|
AGC, Inc.(a)
|
|
4,214
|
158,803
|
|
Aisin Corp.
|
|
10,001
|
137,777
|
|
Ajinomoto Co., Inc.
|
|
18,826
|
580,126
|
|
ANA Holdings, Inc.(a)
|
|
3,526
|
68,817
|
|
Asahi Group Holdings Ltd.(a)
|
|
30,980
|
323,070
|
|
Asahi Kasei Corp.
|
|
27,072
|
288,774
|
|
Asics Corp.
|
|
15,000
|
441,933
|
|
Astellas Pharma, Inc.
|
|
37,849
|
519,457
|
|
Bandai Namco Holdings, Inc.
|
|
11,148
|
322,706
|
|
Bridgestone Corp.
|
|
23,487
|
579,585
|
|
Canon, Inc.(a)
|
|
17,644
|
490,753
|
|
Capcom Co. Ltd.
|
|
5,908
|
148,299
|
|
Central Japan Railway Co.
|
|
16,539
|
411,260
|
|
Chiba Bank Ltd. (The)
|
|
11,908
|
193,419
|
|
Chubu Electric Power Co., Inc.
|
|
14,585
|
252,350
|
|
Chugai Pharmaceutical Co. Ltd.
|
|
14,778
|
640,754
|
|
Dai Nippon Printing Co. Ltd.
|
|
7,931
|
143,698
|
|
Daifuku Co. Ltd.
|
|
6,846
|
251,991
|
|
Dai-ichi Life Holdings, Inc.
|
|
75,778
|
912,995
|
|
Daiichi Sankyo Co. Ltd.
|
|
37,579
|
606,877
|
|
Daikin Industries Ltd.
|
|
5,757
|
833,301
|
|
Daito Trust Construction Co. Ltd.
|
|
6,214
|
131,067
|
|
Daiwa House Industry Co. Ltd.
|
|
12,416
|
364,340
|
|
Daiwa Securities Group, Inc.
|
|
27,672
|
309,324
|
|
Denso Corp.
|
|
35,296
|
433,070
|
|
Disco Corp.
|
|
1,847
|
659,684
|
|
East Japan Railway Co.
|
|
21,258
|
488,747
|
|
Ebara Corp.(a)
|
|
10,053
|
341,018
|
|
Eisai Co. Ltd.(a)
|
|
5,622
|
168,886
|
|
ENEOS Holdings, Inc.
|
|
56,713
|
468,013
|
|
FANUC Corp.
|
|
20,632
|
830,750
|
|
Fast Retailing Co. Ltd.
|
|
4,161
|
2,035,978
|
|
Fuji Electric Co. Ltd.
|
|
3,026
|
263,878
|
|
FUJIFILM Holdings Corp.
|
|
24,724
|
581,556
|
|
Fujikura Ltd.
|
|
33,201
|
841,886
|
|
Fujitsu Ltd.
|
|
37,411
|
861,647
|
|
Furukawa Electric Co. Ltd.
|
|
13,582
|
258,975
|
|
Hankyu Hanshin Holdings, Inc.
|
|
5,000
|
147,828
|
|
Hikari Tsushin, Inc.
|
|
425
|
103,841
|
|
Hitachi Ltd.
|
|
97,466
|
3,191,608
|
|
Honda Motor Co. Ltd.
|
|
79,921
|
804,966
|
|
Hoya Corp.
|
|
7,464
|
1,140,512
|
|
Hulic Co. Ltd.(a)
|
|
10,181
|
111,853
|
|
Ibiden Co. Ltd.
|
|
5,118
|
511,633
|
|
Idemitsu Kosan Co. Ltd.
|
|
17,028
|
139,295
|
|
IHI Corp.
|
|
21,487
|
375,416
|
|
Inpex Corp.
|
|
19,365
|
446,001
|
|
Isuzu Motors Ltd.(a)
|
|
11,361
|
169,373
|
|
ITOCHU Corp.
|
|
122,314
|
1,533,836
|
|
Japan Exchange Group, Inc.
|
|
21,046
|
286,075
|
|
Japan Post Bank Co. Ltd.
|
|
39,395
|
761,134
|
|
Japan Post Holdings Co. Ltd.
|
|
37,123
|
548,797
|
|
Japan Post Insurance Co. Ltd.
|
|
11,625
|
127,908
|
|
Japan Tobacco, Inc.
|
|
24,215
|
1,078,858
|
|
JFE Holdings, Inc.(a)
|
|
12,609
|
142,955
|
|
JX Advanced Metals Corp.
|
|
12,038
|
278,688
|
|
Kajima Corp.
|
|
8,736
|
291,687
|
|
Kansai Electric Power Co., Inc. (The)(a)
|
|
20,856
|
315,615
|
|
Kao Corp.
|
|
18,735
|
384,828
|
|
Kawasaki Heavy Industries Ltd.
|
|
16,196
|
276,495
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
Kawasaki Kisen Kaisha Ltd.(a)
|
|
7,514
|
$133,790
|
|
KDDI Corp.
|
|
64,619
|
1,189,625
|
|
Keyence Corp.
|
|
4,152
|
2,081,020
|
|
Kikkoman Corp.
|
|
14,986
|
154,224
|
|
Kioxia Holdings Corp.(b)
|
|
6,919
|
1,927,124
|
|
Kirin Holdings Co. Ltd.
|
|
17,099
|
316,089
|
|
Komatsu Ltd.
|
|
18,959
|
822,016
|
|
Konami Group Corp.
|
|
2,188
|
281,645
|
|
Kubota Corp.
|
|
21,286
|
360,855
|
|
Kyocera Corp.
|
|
25,829
|
588,633
|
|
Kyowa Kirin Co. Ltd.
|
|
5,217
|
83,683
|
|
Lasertec Corp.
|
|
1,721
|
395,071
|
|
LY Corp.
|
|
56,960
|
158,585
|
|
Makita Corp.
|
|
4,776
|
153,721
|
|
Marubeni Corp.
|
|
31,176
|
1,006,870
|
|
MINEBEA MITSUMI, Inc.
|
|
7,288
|
165,853
|
|
Mitsubishi Chemical Group Corp.
|
|
26,218
|
192,789
|
|
Mitsubishi Corp.
|
|
66,639
|
1,990,524
|
|
Mitsubishi Electric Corp.
|
|
41,962
|
1,510,463
|
|
Mitsubishi Estate Co. Ltd.
|
|
22,810
|
553,345
|
|
Mitsubishi HC Capital, Inc.(a)
|
|
19,444
|
178,890
|
|
Mitsubishi Heavy Industries Ltd.
|
|
70,578
|
1,647,624
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
235,420
|
5,254,495
|
|
Mitsui & Co. Ltd.
|
|
52,137
|
1,598,581
|
|
Mitsui Fudosan Co. Ltd.
|
|
54,708
|
532,532
|
|
Mitsui Kinzoku Co. Ltd.
|
|
1,185
|
222,936
|
|
Mitsui OSK Lines Ltd.(a)
|
|
7,395
|
272,980
|
|
Mizuho Financial Group, Inc.
|
|
52,181
|
2,703,243
|
|
MS&AD Insurance Group Holdings, Inc.
|
|
26,323
|
809,705
|
|
Murata Manufacturing Co. Ltd.
|
|
35,704
|
1,625,604
|
|
NEC Corp.
|
|
27,039
|
802,958
|
|
Nexon Co. Ltd.
|
|
6,527
|
102,217
|
|
Nidec Corp.(b)
|
|
18,357
|
294,552
|
|
Nintendo Co. Ltd.
|
|
24,177
|
1,152,426
|
|
Nippon Building Fund, Inc.
|
|
174
|
146,660
|
|
Nippon Paint Holdings Co. Ltd.(a)
|
|
20,928
|
157,802
|
|
Nippon Sanso Holdings Corp.
|
|
3,761
|
135,103
|
|
Nippon Steel Corp.(a)
|
|
106,670
|
434,227
|
|
Nippon Yusen K.K.(a)
|
|
8,534
|
327,437
|
|
Nissan Motor Co. Ltd.(a)(b)
|
|
51,190
|
107,995
|
|
Nitori Holdings Co. Ltd.(a)
|
|
8,499
|
137,011
|
|
Nitto Denko Corp.
|
|
14,957
|
315,600
|
|
Nomura Holdings, Inc.
|
|
64,652
|
625,004
|
|
Nomura Research Institute Ltd.
|
|
8,347
|
246,748
|
|
NTT, Inc.
|
|
664,800
|
636,740
|
|
Obayashi Corp.
|
|
13,675
|
268,570
|
|
OBIC Co. Ltd.
|
|
7,165
|
205,363
|
|
Olympus Corp.
|
|
23,287
|
265,956
|
|
Oriental Land Co. Ltd.
|
|
23,843
|
475,539
|
|
ORIX Corp.
|
|
24,173
|
974,871
|
|
Osaka Gas Co. Ltd.
|
|
7,480
|
256,437
|
|
Otsuka Corp.
|
|
4,988
|
102,848
|
|
Otsuka Holdings Co. Ltd.
|
|
9,260
|
641,599
|
|
Pan Pacific International Holdings Corp.
|
|
42,037
|
238,372
|
|
Panasonic Holdings Corp.
|
|
51,340
|
1,356,533
|
|
Rakuten Group, Inc.(b)
|
|
31,124
|
162,163
|
|
Recruit Holdings Co. Ltd.
|
|
29,240
|
2,310,581
|
|
Renesas Electronics Corp.
|
|
38,124
|
763,572
|
|
Resona Holdings, Inc.
|
|
45,722
|
619,560
|
|
Resonac Holdings Corp.(a)
|
|
3,866
|
321,792
|
|
Ryohin Keikaku Co. Ltd.
|
|
11,199
|
293,532
|
|
Sanrio Co. Ltd.(a)
|
|
21,118
|
169,326
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
SBI Holdings, Inc.
|
|
11,647
|
$219,710
|
|
SCREEN Holdings Co. Ltd.
|
|
3,432
|
261,612
|
|
Secom Co. Ltd.
|
|
8,728
|
375,685
|
|
Seibu Holdings, Inc.(a)
|
|
4,367
|
97,725
|
|
Sekisui House Ltd.(a)
|
|
13,200
|
288,760
|
|
Seven & i Holdings Co. Ltd.(a)
|
|
41,590
|
551,073
|
|
Shimano, Inc.
|
|
1,572
|
198,284
|
|
Shimizu Corp.
|
|
10,597
|
155,985
|
|
Shin-Etsu Chemical Co. Ltd.
|
|
36,092
|
1,285,715
|
|
Shionogi & Co. Ltd.
|
|
16,692
|
301,585
|
|
Shiseido Co. Ltd.
|
|
8,857
|
174,826
|
|
SMC Corp.
|
|
1,132
|
488,724
|
|
SoftBank Corp.
|
|
634,421
|
889,788
|
|
SoftBank Group Corp.
|
|
81,887
|
2,548,654
|
|
Sompo Holdings, Inc.
|
|
18,054
|
800,933
|
|
Sony Group Corp.
|
|
128,768
|
3,006,895
|
|
Subaru Corp.
|
|
11,415
|
194,165
|
|
Sumitomo Corp.
|
|
83,958
|
870,824
|
|
Sumitomo Electric Industries Ltd.
|
|
59,072
|
781,234
|
|
Sumitomo Metal Mining Co. Ltd.
|
|
5,298
|
266,106
|
|
Sumitomo Mitsui Financial Group, Inc.
|
|
80,182
|
3,442,739
|
|
Sumitomo Mitsui Trust Group, Inc.
|
|
55,248
|
567,669
|
|
Sumitomo Realty & Development Co. Ltd.
|
|
12,858
|
287,986
|
|
Suntory Beverage & Food Ltd.
|
|
2,678
|
77,582
|
|
Suzuki Motor Corp.
|
|
34,640
|
451,834
|
|
T&D Holdings, Inc.
|
|
9,689
|
305,127
|
|
Taisei Corp.
|
|
3,139
|
254,075
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
35,121
|
1,204,993
|
|
TDK Corp.
|
|
41,771
|
802,587
|
|
Terumo Corp.
|
|
29,399
|
430,955
|
|
Toho Co. Ltd.
|
|
11,690
|
112,172
|
|
Tokio Marine Holdings, Inc.
|
|
39,409
|
2,007,021
|
|
Tokyo Electron Ltd.
|
|
9,902
|
3,308,113
|
|
Tokyo Gas Co. Ltd.
|
|
6,577
|
253,713
|
|
TOPPAN Holdings, Inc.
|
|
4,833
|
135,419
|
|
Toray Industries, Inc.
|
|
28,177
|
202,250
|
|
Toyota Motor Corp.
|
|
208,850
|
3,949,441
|
|
Toyota Tsusho Corp.
|
|
14,057
|
583,001
|
|
Unicharm Corp.
|
|
23,555
|
149,296
|
|
West Japan Railway Co.
|
|
8,991
|
169,531
|
|
Yamaha Motor Co. Ltd.(a)
|
|
19,765
|
165,207
|
|
Yokogawa Electric Corp.
|
|
4,851
|
172,879
|
|
Yokohama Financial Group, Inc.
|
|
21,423
|
243,670
|
|
Zensho Holdings Co. Ltd.
|
|
1,998
|
124,664
|
|
|
|
|
111,221,092
|
|
Luxembourg-0.15%
|
|||
|
ArcelorMittal S.A.
|
|
9,407
|
662,988
|
|
CVC Capital Partners PLC(a)(c)
|
|
4,635
|
77,647
|
|
Eurofins Scientific SE
|
|
2,505
|
197,101
|
|
|
|
|
937,736
|
|
Macau-0.05%
|
|||
|
Galaxy Entertainment Group Ltd.
|
|
43,585
|
190,093
|
|
Sands China Ltd.
|
|
53,285
|
99,936
|
|
|
|
|
290,029
|
|
Mexico-0.02%
|
|||
|
Fresnillo PLC
|
|
4,044
|
136,024
|
|
Netherlands-4.40%
|
|||
|
ABN AMRO Bank N.V., CVA(c)
|
|
13,616
|
614,566
|
|
Adyen N.V.(b)(c)
|
|
603
|
611,999
|
|
Akzo Nobel N.V.(a)
|
|
3,378
|
236,070
|
|
|
Shares
|
Value
|
|
|
Netherlands-(continued)
|
|||
|
argenx SE(b)
|
|
1,357
|
$1,159,647
|
|
ASM International N.V.
|
|
1,044
|
964,720
|
|
ASML Holding N.V.
|
|
8,558
|
14,071,328
|
|
ASR Nederland N.V.
|
|
3,468
|
282,894
|
|
BE Semiconductor Industries N.V.
|
|
1,561
|
357,160
|
|
Euronext N.V.(c)
|
|
1,722
|
314,151
|
|
EXOR N.V.(a)
|
|
1,952
|
155,965
|
|
Heineken Holding N.V.
|
|
2,648
|
222,263
|
|
Heineken N.V.
|
|
6,354
|
573,997
|
|
ING Groep N.V.
|
|
64,393
|
2,257,770
|
|
Koninklijke Ahold Delhaize N.V.
|
|
19,508
|
769,901
|
|
Koninklijke KPN N.V.
|
|
84,375
|
397,507
|
|
Koninklijke Philips N.V.
|
|
16,975
|
446,247
|
|
Magnum Ice Cream Co. N.V. (The)(b)
|
|
10,753
|
200,498
|
|
Nebius Group N.V., Class A(a)(b)
|
|
4,443
|
845,992
|
|
NN Group N.V.
|
|
5,785
|
544,072
|
|
Prosus N.V.(b)
|
|
28,840
|
1,337,255
|
|
Universal Music Group N.V.
|
|
22,298
|
367,078
|
|
Wolters Kluwer N.V.
|
|
5,008
|
392,285
|
|
|
|
|
27,123,365
|
|
New Zealand-0.17%
|
|||
|
Auckland International Airport Ltd.
|
|
37,481
|
191,716
|
|
Contact Energy Ltd.
|
|
20,656
|
110,198
|
|
Fisher & Paykel Healthcare Corp. Ltd.
|
|
12,952
|
309,034
|
|
Infratil Ltd.
|
|
19,822
|
171,662
|
|
Meridian Energy Ltd.
|
|
29,500
|
98,687
|
|
Xero Ltd.(b)
|
|
3,550
|
176,907
|
|
|
|
|
1,058,204
|
|
Nigeria-0.01%
|
|||
|
Airtel Africa PLC(c)
|
|
16,900
|
76,172
|
|
Norway-0.47%
|
|||
|
Aker BP ASA
|
|
6,979
|
248,656
|
|
DNB Bank ASA
|
|
17,917
|
576,495
|
|
Equinor ASA
|
|
15,501
|
635,881
|
|
Gjensidige Forsikring ASA
|
|
4,434
|
132,177
|
|
Kongsberg Gruppen ASA
|
|
9,216
|
287,000
|
|
Mowi ASA
|
|
9,605
|
205,548
|
|
Norsk Hydro ASA
|
|
28,355
|
261,363
|
|
Orkla ASA
|
|
16,015
|
177,768
|
|
SalMar ASA
|
|
1,502
|
81,829
|
|
Telenor ASA
|
|
13,585
|
191,907
|
|
Var Energi ASA
|
|
20,645
|
103,647
|
|
|
|
|
2,902,271
|
|
Poland-0.02%
|
|||
|
InPost S.A.(a)(b)
|
|
5,509
|
98,035
|
|
Portugal-0.14%
|
|||
|
Banco Comercial Portugues S.A., Class R
|
|
179,523
|
220,693
|
|
EDP S.A.
|
|
64,566
|
331,721
|
|
Galp Energia SGPS S.A.
|
|
9,022
|
204,433
|
|
Jeronimo Martins SGPS S.A.
|
|
6,229
|
124,640
|
|
|
|
|
881,487
|
|
Singapore-1.38%
|
|||
|
CapitaLand Ascendas REIT
|
|
90,806
|
181,691
|
|
CapitaLand Integrated Commercial Trust
|
|
134,481
|
260,718
|
|
CapitaLand Investment Ltd.(a)
|
|
51,645
|
106,914
|
|
DBS Group Holdings Ltd.
|
|
45,479
|
2,621,231
|
|
Grab Holdings Ltd., Class A(b)
|
|
52,553
|
183,935
|
|
Keppel Ltd.
|
|
31,053
|
277,041
|
|
Oversea-Chinese Banking Corp. Ltd.
|
|
72,117
|
1,636,287
|
|
|
Shares
|
Value
|
|
|
Singapore-(continued)
|
|||
|
Sea Ltd., ADR(b)
|
|
8,300
|
$885,942
|
|
Sembcorp Industries Ltd.(a)
|
|
19,635
|
84,363
|
|
Singapore Airlines Ltd.
|
|
33,108
|
198,400
|
|
Singapore Exchange Ltd.
|
|
17,768
|
338,377
|
|
Singapore Technologies Engineering Ltd.
|
|
34,461
|
270,502
|
|
Singapore Telecommunications Ltd.
|
|
163,495
|
565,081
|
|
United Overseas Bank Ltd.
|
|
26,629
|
899,622
|
|
|
|
|
8,510,104
|
|
South Africa-0.19%
|
|||
|
Anglo American PLC
|
|
23,364
|
1,180,966
|
|
South Korea-0.03%
|
|||
|
Delivery Hero SE(a)(b)(c)
|
|
3,693
|
160,625
|
|
Spain-3.05%
|
|||
|
Acciona S.A.
|
|
527
|
144,622
|
|
ACS Actividades de Construccion y Servicios
S.A.
|
|
3,953
|
502,757
|
|
Aena S.M.E. S.A.(c)
|
|
16,528
|
508,375
|
|
Amadeus IT Group S.A.
|
|
9,682
|
596,197
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
124,236
|
3,474,723
|
|
Banco de Sabadell S.A.
|
|
105,219
|
403,049
|
|
Banco Santander S.A.(a)
|
|
315,659
|
4,479,269
|
|
Bankinter S.A.
|
|
13,869
|
254,544
|
|
CaixaBank S.A.
|
|
77,448
|
1,122,501
|
|
Cellnex Telecom S.A.(c)
|
|
10,536
|
326,553
|
|
EDP Renovaveis S.A.
|
|
7,017
|
108,635
|
|
Endesa S.A.
|
|
6,878
|
334,169
|
|
Iberdrola S.A.(a)
|
|
136,475
|
3,234,466
|
|
Indra Sistemas S.A.
|
|
1,673
|
109,746
|
|
Industria de Diseno Textil S.A.
|
|
24,054
|
1,566,313
|
|
Mapfre S.A.
|
|
20,382
|
103,987
|
|
Naturgy Energy Group S.A.
|
|
9,074
|
302,025
|
|
Redeia Corp. S.A.
|
|
8,958
|
157,636
|
|
Repsol S.A.
|
|
24,377
|
742,334
|
|
Telefonica S.A.(a)
|
|
81,255
|
334,721
|
|
|
|
|
18,806,622
|
|
Sweden-2.71%
|
|||
|
Addtech AB, Class B
|
|
5,728
|
208,031
|
|
Alfa Laval AB
|
|
6,379
|
376,793
|
|
Assa Abloy AB, Class B
|
|
21,522
|
797,101
|
|
Atlas Copco AB, Class A
|
|
55,519
|
1,170,918
|
|
Atlas Copco AB, Class B
|
|
32,704
|
603,162
|
|
Beijer Ref AB
|
|
9,016
|
126,999
|
|
Boliden AB
|
|
6,285
|
315,656
|
|
Epiroc AB, Class A
|
|
13,623
|
348,596
|
|
Epiroc AB, Class B
|
|
8,415
|
184,160
|
|
EQT AB
|
|
9,518
|
322,683
|
|
Essity AB, Class B
|
|
12,603
|
365,443
|
|
Evolution AB(b)(c)
|
|
2,694
|
205,226
|
|
Fastighets AB Balder, Class B(b)
|
|
15,213
|
83,109
|
|
H & M Hennes & Mauritz AB, Class B
|
|
9,311
|
170,201
|
|
Hexagon AB, Class B
|
|
45,768
|
450,913
|
|
Industrivarden AB, Class A
|
|
2,338
|
134,565
|
|
Industrivarden AB, Class C
|
|
3,534
|
201,851
|
|
Indutrade AB
|
|
6,010
|
150,612
|
|
Investment AB Latour, Class B
|
|
3,016
|
63,507
|
|
Investor AB, Class B
|
|
38,158
|
1,645,269
|
|
L E Lundbergforetagen AB, Class B
|
|
1,583
|
94,906
|
|
Lifco AB, Class B
|
|
4,663
|
158,516
|
|
NIBE Industrier AB, Class B
|
|
31,447
|
125,821
|
|
Saab AB, Class B
|
|
7,058
|
442,682
|
|
|
Shares
|
Value
|
|
|
Sweden-(continued)
|
|||
|
Sagax AB, Class B
|
|
4,876
|
$85,552
|
|
Sandvik AB
|
|
22,825
|
851,942
|
|
Securitas AB, Class B
|
|
10,544
|
169,067
|
|
Skandinaviska Enskilda Banken AB, Class A
|
|
32,275
|
754,873
|
|
Skanska AB, Class B
|
|
7,278
|
203,842
|
|
SKF AB, Class B
|
|
7,514
|
203,004
|
|
Spotify Technology S.A.(b)
|
|
3,245
|
1,622,305
|
|
Svenska Cellulosa AB S.C.A., Class B
|
|
13,169
|
149,441
|
|
Svenska Handelsbanken AB, Class A(a)
|
|
30,013
|
458,060
|
|
Swedbank AB, Class A
|
|
18,084
|
722,010
|
|
Swedish Orphan Biovitrum AB, Class B(b)
|
|
3,943
|
195,036
|
|
Tele2 AB, Class B
|
|
12,089
|
209,040
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
|
58,274
|
572,153
|
|
Telia Co. AB(a)
|
|
52,013
|
240,589
|
|
Trelleborg AB, Class B
|
|
4,236
|
187,956
|
|
Volvo AB, Class B
|
|
34,234
|
1,307,067
|
|
|
|
|
16,678,657
|
|
Switzerland-5.98%
|
|||
|
ABB Ltd.
|
|
34,540
|
3,405,153
|
|
Avolta AG(b)
|
|
1,891
|
113,441
|
|
Banque Cantonale Vaudoise
|
|
663
|
103,929
|
|
Barry Callebaut AG
|
|
65
|
90,492
|
|
Belimo Holding AG
|
|
217
|
226,118
|
|
BKW AG
|
|
437
|
72,140
|
|
Chocoladefabriken Lindt & Spruengli AG
|
|
2
|
235,327
|
|
Chocoladefabriken Lindt & Spruengli AG, PC
|
|
17
|
196,070
|
|
Cie Financiere Richemont S.A.
|
|
11,856
|
2,799,992
|
|
DSM-Firmenich AG(b)
|
|
3,652
|
392,827
|
|
EMS-Chemie Holding AG(a)
|
|
166
|
167,973
|
|
Galderma Group AG, Class A(b)
|
|
4,084
|
888,066
|
|
Geberit AG
|
|
702
|
462,205
|
|
Givaudan S.A.
|
|
206
|
822,741
|
|
Helvetia Baloise Holding AG
|
|
1,709
|
457,962
|
|
Julius Baer Group Ltd.(a)
|
|
4,555
|
400,181
|
|
Kuehne + Nagel International AG, Class R
|
|
1,071
|
272,541
|
|
Logitech International S.A., Class R
|
|
3,209
|
327,493
|
|
Lonza Group AG(b)
|
|
1,547
|
1,077,426
|
|
Nestle S.A.
|
|
56,795
|
5,672,511
|
|
Partners Group Holding AG(a)
|
|
466
|
388,137
|
|
Roche Holding AG
|
|
15,487
|
6,764,232
|
|
Roche Holding AG, BR
|
|
649
|
287,486
|
|
Sandoz Group AG
|
|
9,219
|
750,956
|
|
Schindler Holding AG
|
|
442
|
135,096
|
|
Schindler Holding AG, PC
|
|
880
|
276,801
|
|
SGS S.A.
|
|
3,665
|
433,967
|
|
Sika AG(b)
|
|
3,351
|
753,384
|
|
Sonova Holding AG, Class A
|
|
1,087
|
295,938
|
|
Straumann Holding AG
|
|
2,454
|
303,679
|
|
Swatch Group AG (The), BR
|
|
628
|
140,302
|
|
Swiss Life Holding AG
|
|
621
|
732,235
|
|
Swiss Prime Site AG(b)
|
|
1,767
|
287,984
|
|
Swisscom AG
|
|
586
|
449,975
|
|
UBS Group AG
|
|
69,976
|
3,696,024
|
|
VAT Group AG(c)
|
|
606
|
453,241
|
|
Zurich Insurance Group AG
|
|
3,298
|
2,510,316
|
|
|
|
|
36,844,341
|
|
United Kingdom-9.85%
|
|||
|
3i Group PLC
|
|
21,477
|
825,590
|
|
Admiral Group PLC
|
|
5,736
|
290,341
|
|
Associated British Foods PLC(a)
|
|
6,217
|
174,404
|
|
AstraZeneca PLC
|
|
33,326
|
5,660,684
|
|
|
Shares
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
Aviva PLC
|
|
66,804
|
$624,304
|
|
BAE Systems PLC
|
|
64,601
|
1,826,098
|
|
Barclays PLC
|
|
301,702
|
2,070,682
|
|
British American Tobacco PLC
|
|
44,279
|
2,682,020
|
|
BT Group PLC
|
|
126,355
|
341,616
|
|
Bunzl PLC
|
|
7,166
|
270,023
|
|
Centrica PLC
|
|
102,152
|
212,854
|
|
Coca-Cola Europacific Partners PLC
|
|
4,421
|
483,923
|
|
Compass Group PLC
|
|
37,490
|
1,190,527
|
|
Diageo PLC
|
|
49,098
|
1,077,001
|
|
GSK PLC
|
|
89,431
|
2,322,011
|
|
Haleon PLC
|
|
196,378
|
959,954
|
|
Halma PLC
|
|
8,157
|
389,140
|
|
HSBC Holdings PLC
|
|
378,744
|
8,053,503
|
|
Imperial Brands PLC
|
|
16,313
|
618,174
|
|
Informa PLC
|
|
28,008
|
335,028
|
|
International Consolidated Airlines Group
S.A.
|
|
25,557
|
148,954
|
|
Intertek Group PLC
|
|
3,378
|
266,409
|
|
J Sainsbury PLC
|
|
37,604
|
181,069
|
|
Kingfisher PLC
|
|
37,262
|
155,224
|
|
Land Securities Group PLC
|
|
16,437
|
156,329
|
|
Legal & General Group PLC
|
|
115,488
|
468,226
|
|
Lloyds Banking Group PLC
|
|
1,291,211
|
1,992,757
|
|
London Stock Exchange Group PLC
|
|
9,839
|
1,105,171
|
|
M&G PLC
|
|
49,145
|
237,053
|
|
Marks & Spencer Group PLC
|
|
45,535
|
248,542
|
|
Melrose Industries PLC
|
|
27,517
|
169,014
|
|
National Grid PLC(a)
|
|
109,644
|
1,752,342
|
|
NatWest Group PLC
|
|
175,963
|
1,657,331
|
|
Next PLC
|
|
2,550
|
509,900
|
|
Pearson PLC
|
|
10,402
|
175,270
|
|
Reckitt Benckiser Group PLC
|
|
14,143
|
996,695
|
|
RELX PLC
|
|
39,369
|
1,382,630
|
|
Rentokil Initial PLC
|
|
55,700
|
256,132
|
|
Rolls-Royce Holdings PLC
|
|
185,113
|
3,687,461
|
|
Sage Group PLC (The)
|
|
20,377
|
268,027
|
|
Schroders PLC
|
|
17,765
|
140,703
|
|
Segro PLC
|
|
26,856
|
350,292
|
|
Severn Trent PLC
|
|
5,968
|
241,667
|
|
Shell PLC
|
|
123,794
|
5,657,855
|
|
Smith & Nephew PLC
|
|
16,943
|
264,645
|
|
Smiths Group PLC
|
|
6,728
|
239,898
|
|
Spirax Group PLC
|
|
1,613
|
151,006
|
|
SSE PLC
|
|
26,723
|
843,019
|
|
Standard Chartered PLC
|
|
39,244
|
1,158,629
|
|
Standard Life PLC
|
|
15,546
|
193,436
|
|
Tesco PLC
|
|
140,674
|
924,565
|
|
Unilever PLC
|
|
48,169
|
3,060,329
|
|
United Utilities Group PLC
|
|
16,378
|
304,577
|
|
Verisure PLC(b)
|
|
5,117
|
63,484
|
|
Vodafone Group PLC
|
|
406,881
|
644,758
|
|
Wise Group PLC, Class A(b)
|
|
15,830
|
188,793
|
|
|
|
|
60,650,069
|
|
United States-2.85%
|
|||
|
A.P. Moller - Maersk A/S, Class A
|
|
45
|
117,242
|
|
A.P. Moller - Maersk A/S, Class B
|
|
61
|
163,895
|
|
Aegon Ltd.
|
|
26,870
|
254,781
|
|
AerCap Holdings N.V.
|
|
3,547
|
535,242
|
|
Alcon AG(a)
|
|
11,013
|
755,804
|
|
BP PLC
|
|
346,168
|
2,596,958
|
|
Buzzi S.p.A.
|
|
1,709
|
80,884
|
|
|
Shares
|
Value
|
|
|
United States-(continued)
|
|||
|
Ferrovial N.V.
|
|
10,394
|
$679,335
|
|
Holcim AG(b)
|
|
11,243
|
1,020,379
|
|
InterContinental Hotels Group PLC
|
|
3,134
|
506,790
|
|
Novartis AG
|
|
40,360
|
6,307,296
|
|
Octave Intelligence PLC(b)
|
|
4,584
|
82,022
|
|
Qiagen N.V.
|
|
4,556
|
187,052
|
|
Sanofi S.A.
|
|
24,056
|
2,066,833
|
|
Stellantis N.V.(b)
|
|
44,722
|
256,910
|
|
Sunbelt Rentals Holdings, Inc.
|
|
9,045
|
647,078
|
|
Swiss Re AG
|
|
6,589
|
1,095,696
|
|
Tenaris S.A.
|
|
7,081
|
202,693
|
|
|
|
|
17,556,890
|
|
Total Common Stocks & Other Equity Interests
(Cost $425,866,993)
|
483,011,445
|
||
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-5.24%
|
|
|
|
|
Canada-1.66%
|
|
|
|
|
Bank of Montreal (iShares MSCI EAFE ETF),
120.03%, 08/12/2026(c)
|
|
1,035,000
|
1,023,140
|
|
Bank of Montreal (iShares MSCI EAFE ETF),
144.27%, 08/19/2026(c)
|
|
2,158,000
|
2,133,444
|
|
Bank of Montreal (iShares MSCI EAFE ETF),
127.89%, 08/28/2026(c)
|
|
2,175,000
|
2,176,427
|
|
Royal Bank of Canada (iShares MSCI EAFE
ETF), 143.69%, 08/18/2026(c)
|
|
1,455,000
|
1,373,517
|
|
Toronto-Dominion Bank (The) (iShares MSCI
EAFE ETF), 118.00%, 08/11/2026(c)
|
|
1,211,000
|
1,209,203
|
|
Toronto-Dominion Bank (The) (iShares MSCI
EAFE ETF), 145.20%, 08/12/2026(c)
|
|
848,000
|
828,634
|
|
Toronto-Dominion Bank (The) (iShares MSCI
EAFE ETF), 140.15%, 08/14/2026(c)
|
|
1,511,000
|
1,476,574
|
|
|
|
|
10,220,939
|
|
France-1.30%
|
|
|
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 138.23%, 08/10/2026(c)
|
|
1,950,000
|
1,947,547
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 129.26%, 08/11/2026(c)
|
|
694,000
|
677,043
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 137.58%, 08/20/2026(c)
|
|
2,340,000
|
2,323,112
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 139.75%, 08/21/2026(c)
|
|
1,652,000
|
1,607,532
|
|
Societe Generale S.A. (iShares MSCI EAFE
ETF), 122.38%, 08/27/2026(c)
|
|
1,488,000
|
1,455,335
|
|
|
|
|
8,010,569
|
|
United States-2.28%
|
|
|
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 123.63%, 08/06/2026(c)
|
|
1,121,000
|
1,121,319
|
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-5.24%
|
|
|
|
|
United States-(continued)
|
|
|
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 136.76%, 08/07/2026(c)
|
|
1,791,000
|
$1,753,878
|
|
Morgan Stanley Finance LLC (iShares MSCI
EAFE ETF), 126.20%, 08/24/2026(c)
|
|
1,507,000
|
1,482,950
|
|
Wells Fargo Bank N.A. (iShares MSCI EAFE
ETF), 149.82%, 08/13/2026(c)
|
|
1,369,000
|
1,371,429
|
|
Wells Fargo Bank N.A. (iShares MSCI EAFE
ETF), 141.78%, 08/17/2026(c)
|
|
2,357,000
|
2,276,652
|
|
Wells Fargo Bank N.A. (iShares MSCI EAFE
ETF), 125.72%, 08/25/2026(c)
|
|
1,891,000
|
1,873,028
|
|
Wells Fargo Bank N.A. (iShares MSCI EAFE
ETF), 120.09%, 08/26/2026(c)
|
|
2,165,000
|
2,144,190
|
|
Wells Fargo Bank, N.A. (iShares MSCI EAFE
ETF), 124.82%, 08/31/2026(c)
|
|
2,043,000
|
2,043,000
|
|
|
|
|
14,066,446
|
|
Total Equity Linked Notes
(Cost $32,761,000)
|
32,297,954
|
||
|
|
Shares
|
|
|
|
Money Market Funds-16.05%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(e)
(Cost $98,832,699)
|
|
98,832,699
|
98,832,699
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.71%
(Cost $557,460,692)
|
614,142,098
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-2.25%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
3,860,939
|
3,860,939
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
10,026,966
|
10,027,969
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $13,889,229)
|
13,888,908
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.96%
(Cost $571,349,921)
|
628,031,006
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.96)%
|
(12,051,434
)
|
||
|
NET ASSETS-100.00%
|
$615,979,572
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
BR-Bearer Shares
|
|
CVA-Dutch Certificates
|
|
ETF-Exchange-Traded Fund
|
|
PC-Participation Certificate
|
|
REIT-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $37,161,234, which represented 6.03% of the Fund’s Net Assets.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
$43,461,647
|
$117,113,762
|
$(61,742,710
)
|
$-
|
$-
|
$98,832,699
|
$1,949,258
|
|
Investments Purchased
with Cash Collateral
from Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
2,026,786
|
15,696,413
|
(13,862,260
)
|
-
|
-
|
3,860,939
|
174,943
*
|
|
Invesco Private Prime
Fund
|
5,273,730
|
37,174,329
|
(32,418,850
)
|
(292
)
|
(948
)
|
10,027,969
|
243,439
*
|
|
Total
|
$50,762,163
|
$169,984,504
|
$(108,023,820
)
|
$(292
)
|
$(948
)
|
$112,721,607
|
$2,367,640
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(f)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-93.30%
|
|||
|
Advertising-0.10%
|
|||
|
Omnicom Group, Inc.
|
|
162
|
$12,749
|
|
Aerospace & Defense-0.54%
|
|||
|
Boeing Co. (The)(b)
|
|
61
|
13,185
|
|
General Electric Co.
|
|
57
|
20,524
|
|
Howmet Aerospace, Inc.
|
|
82
|
23,145
|
|
RTX Corp.
|
|
63
|
13,559
|
|
|
|
|
70,413
|
|
Agricultural & Farm Machinery-0.05%
|
|||
|
Deere & Co.
|
|
11
|
6,519
|
|
Alternative Carriers-0.10%
|
|||
|
Liberty Global Ltd., Class C (Belgium)(b)
|
|
1,224
|
12,681
|
|
Apparel Retail-0.56%
|
|||
|
TJX Cos., Inc. (The)
|
|
457
|
71,904
|
|
Application Software-4.64%
|
|||
|
AppFolio, Inc., Class A(b)
|
|
75
|
13,514
|
|
Atlassian Corp., Class A(b)
|
|
141
|
14,243
|
|
Aurora Innovation, Inc.(b)
|
|
1,505
|
9,707
|
|
Bentley Systems, Inc., Class B
|
|
459
|
16,267
|
|
DocuSign, Inc.(b)
|
|
418
|
22,919
|
|
Dynatrace, Inc.(b)
|
|
690
|
30,581
|
|
Elastic N.V.(b)
|
|
196
|
12,895
|
|
Fair Isaac Corp.(b)
|
|
9
|
10,107
|
|
Guidewire Software, Inc.(b)
|
|
120
|
18,233
|
|
HubSpot, Inc.(b)
|
|
36
|
8,545
|
|
Manhattan Associates, Inc.(b)
|
|
192
|
36,741
|
|
Nutanix, Inc., Class A(b)
|
|
351
|
20,712
|
|
Palantir Technologies, Inc., Class A(b)
|
|
1,393
|
171,423
|
|
Procore Technologies, Inc.(b)
|
|
383
|
20,977
|
|
PTC, Inc.(b)
|
|
155
|
21,266
|
|
Sailpoint, Inc.(b)
|
|
678
|
11,370
|
|
Salesforce, Inc.
|
|
488
|
89,802
|
|
Samsara, Inc., Class A(b)
|
|
407
|
15,169
|
|
Trimble, Inc.(b)
|
|
232
|
13,126
|
|
Tyler Technologies, Inc.(b)
|
|
66
|
20,434
|
|
Zoom Communications, Inc., Class A(b)
|
|
228
|
21,904
|
|
|
|
|
599,935
|
|
Automobile Manufacturers-2.51%
|
|||
|
Tesla, Inc.(b)
|
|
1,045
|
325,214
|
|
Biotechnology-1.66%
|
|||
|
AbbVie, Inc.
|
|
213
|
53,450
|
|
Ascendis Pharma A/S (Denmark)(b)
|
|
48
|
11,708
|
|
Biogen, Inc.(b)
|
|
54
|
10,959
|
|
Biogen, Inc., Rts.(b)(c)
|
|
319
|
0
|
|
BioMarin Pharmaceutical, Inc.(b)
|
|
283
|
16,986
|
|
Exelixis, Inc.(b)
|
|
187
|
9,917
|
|
Incyte Corp.(b)
|
|
117
|
13,984
|
|
Insmed, Inc.(b)
|
|
82
|
8,085
|
|
Ionis Pharmaceuticals, Inc.(b)
|
|
160
|
8,283
|
|
Madrigal Pharmaceuticals, Inc.(b)
|
|
24
|
11,216
|
|
Natera, Inc.(b)
|
|
59
|
15,798
|
|
Neurocrine Biosciences, Inc.(b)
|
|
77
|
12,843
|
|
Revolution Medicines, Inc.(b)
|
|
79
|
14,815
|
|
Roivant Sciences Ltd.(b)
|
|
375
|
12,716
|
|
United Therapeutics Corp.(b)
|
|
26
|
13,460
|
|
|
|
|
214,220
|
|
Broadcasting-0.08%
|
|||
|
Fox Corp., Class B
|
|
211
|
10,959
|
|
|
Shares
|
Value
|
|
|
Broadline Retail-4.92%
|
|||
|
Amazon.com, Inc.(b)
|
|
2,313
|
$628,164
|
|
eBay, Inc.
|
|
73
|
8,323
|
|
|
|
|
636,487
|
|
Building Products-0.25%
|
|||
|
Johnson Controls International PLC
|
|
95
|
13,933
|
|
Trane Technologies PLC
|
|
42
|
19,108
|
|
|
|
|
33,041
|
|
Communications Equipment-1.45%
|
|||
|
Arista Networks, Inc.(b)
|
|
201
|
36,250
|
|
Ciena Corp.(b)
|
|
54
|
20,361
|
|
F5, Inc.(b)
|
|
87
|
35,023
|
|
Motorola Solutions, Inc.
|
|
137
|
59,698
|
|
Ubiquiti, Inc.
|
|
29
|
16,139
|
|
Viavi Solutions, Inc.(b)
|
|
546
|
20,175
|
|
|
|
|
187,646
|
|
Construction & Engineering-0.22%
|
|||
|
Comfort Systems USA, Inc.
|
|
11
|
19,027
|
|
Quanta Services, Inc.
|
|
14
|
9,343
|
|
|
|
|
28,370
|
|
Construction Machinery & Heavy Transportation Equipment-0.26%
|
|||
|
Caterpillar, Inc.
|
|
41
|
33,407
|
|
Consumer Staples Merchandise Retail-1.06%
|
|||
|
BJ’s Wholesale Club Holdings, Inc., Class C(b)
|
|
386
|
37,743
|
|
Dollar General Corp.
|
|
181
|
22,996
|
|
Dollar Tree, Inc.(b)
|
|
160
|
20,353
|
|
Target Corp.
|
|
385
|
55,629
|
|
|
|
|
136,721
|
|
Copper-0.35%
|
|||
|
Freeport-McMoRan, Inc.
|
|
259
|
16,221
|
|
Southern Copper Corp. (Mexico)
|
|
161
|
29,417
|
|
|
|
|
45,638
|
|
Data Center REITs-0.16%
|
|||
|
Equinix, Inc.
|
|
20
|
20,386
|
|
Distillers & Vintners-0.08%
|
|||
|
Constellation Brands, Inc., Class A
|
|
80
|
10,418
|
|
Electric Utilities-1.06%
|
|||
|
Duke Energy Corp.
|
|
101
|
12,669
|
|
Entergy Corp.
|
|
200
|
21,524
|
|
NextEra Energy, Inc.
|
|
486
|
42,243
|
|
Southern Co. (The)
|
|
647
|
61,167
|
|
|
|
|
137,603
|
|
Electrical Components & Equipment-0.28%
|
|||
|
AMETEK, Inc.
|
|
50
|
12,085
|
|
Eaton Corp. PLC
|
|
31
|
12,871
|
|
Vertiv Holdings Co., Class A
|
|
45
|
10,871
|
|
|
|
|
35,827
|
|
Electronic Components-0.36%
|
|||
|
Amphenol Corp., Class A
|
|
120
|
19,284
|
|
Coherent Corp.(b)
|
|
25
|
6,572
|
|
Corning, Inc.
|
|
62
|
8,571
|
|
Littelfuse, Inc.
|
|
27
|
11,938
|
|
|
|
|
46,365
|
|
Electronic Equipment & Instruments-0.41%
|
|||
|
Keysight Technologies, Inc.(b)
|
|
124
|
39,566
|
|
Teledyne Technologies, Inc.(b)
|
|
21
|
13,767
|
|
|
|
|
53,333
|
|
|
Shares
|
Value
|
|
|
Electronic Manufacturing Services-0.19%
|
|||
|
Flex Ltd.(b)
|
|
80
|
$9,100
|
|
Jabil, Inc.
|
|
49
|
15,437
|
|
|
|
|
24,537
|
|
Environmental & Facilities Services-0.50%
|
|||
|
Republic Services, Inc.
|
|
149
|
31,372
|
|
Rollins, Inc.
|
|
193
|
7,328
|
|
Waste Management, Inc.
|
|
116
|
26,280
|
|
|
|
|
64,980
|
|
Fertilizers & Agricultural Chemicals-0.10%
|
|||
|
Corteva, Inc.
|
|
161
|
12,672
|
|
Financial Exchanges & Data-0.17%
|
|||
|
CME Group, Inc., Class A
|
|
50
|
13,389
|
|
S&P Global, Inc.
|
|
20
|
8,239
|
|
|
|
|
21,628
|
|
Food Distributors-0.83%
|
|||
|
Performance Food Group Co.(b)
|
|
284
|
32,487
|
|
Sysco Corp.
|
|
496
|
42,279
|
|
US Foods Holding Corp.(b)
|
|
320
|
32,189
|
|
|
|
|
106,955
|
|
Food Retail-0.85%
|
|||
|
Casey’s General Stores, Inc.
|
|
54
|
47,034
|
|
Kroger Co. (The)
|
|
700
|
40,418
|
|
Maplebear, Inc.(b)
|
|
263
|
11,730
|
|
Sprouts Farmers Market, Inc.(b)
|
|
128
|
11,156
|
|
|
|
|
110,338
|
|
Gas Utilities-0.39%
|
|||
|
Atmos Energy Corp.
|
|
289
|
49,933
|
|
Gold-0.12%
|
|||
|
Newmont Corp.
|
|
165
|
15,462
|
|
Health Care Distributors-0.36%
|
|||
|
Cardinal Health, Inc.
|
|
54
|
12,422
|
|
Cencora, Inc.
|
|
32
|
9,963
|
|
McKesson Corp.
|
|
28
|
23,973
|
|
|
|
|
46,358
|
|
Health Care Equipment-0.83%
|
|||
|
Abbott Laboratories
|
|
273
|
28,856
|
|
Boston Scientific Corp.(b)
|
|
152
|
7,103
|
|
Edwards Lifesciences Corp.(b)
|
|
176
|
15,148
|
|
Medtronic PLC
|
|
182
|
15,541
|
|
ResMed, Inc.
|
|
58
|
12,237
|
|
Stryker Corp.
|
|
88
|
28,662
|
|
|
|
|
107,547
|
|
Health Care REITs-0.48%
|
|||
|
Ventas, Inc.
|
|
140
|
13,092
|
|
Welltower, Inc.
|
|
212
|
49,701
|
|
|
|
|
62,793
|
|
Health Care Services-0.05%
|
|||
|
CVS Health Corp.
|
|
57
|
5,953
|
|
Heavy Electrical Equipment-0.11%
|
|||
|
GE Vernova, Inc.
|
|
15
|
14,854
|
|
Home Improvement Retail-0.40%
|
|||
|
Home Depot, Inc. (The)
|
|
137
|
45,479
|
|
Lowe’s Cos., Inc.
|
|
30
|
6,234
|
|
|
|
|
51,713
|
|
|
Shares
|
Value
|
|
|
Hotels, Resorts & Cruise Lines-0.74%
|
|||
|
Hilton Worldwide Holdings, Inc.
|
|
180
|
$57,688
|
|
Royal Caribbean Cruises Ltd.
|
|
70
|
22,281
|
|
Viking Holdings Ltd.(b)
|
|
146
|
15,235
|
|
|
|
|
95,204
|
|
Household Products-0.47%
|
|||
|
Procter & Gamble Co. (The)
|
|
424
|
61,264
|
|
Industrial Gases-0.07%
|
|||
|
Air Products and Chemicals, Inc.
|
|
32
|
9,437
|
|
Industrial Machinery & Supplies & Components-0.23%
|
|||
|
Parker-Hannifin Corp.
|
|
30
|
29,296
|
|
Industrial REITs-0.23%
|
|||
|
Prologis, Inc.
|
|
204
|
29,500
|
|
Integrated Oil & Gas-0.60%
|
|||
|
Chevron Corp.
|
|
141
|
27,753
|
|
ExxonMobil Holdings Corp.
|
|
321
|
49,896
|
|
|
|
|
77,649
|
|
Integrated Telecommunication Services-1.76%
|
|||
|
AT&T, Inc.
|
|
4,475
|
104,044
|
|
Verizon Communications, Inc.
|
|
2,643
|
123,719
|
|
|
|
|
227,763
|
|
Interactive Media & Services-9.16%
|
|||
|
Alphabet, Inc., Class C
|
|
2,297
|
819,225
|
|
Meta Platforms, Inc., Class A
|
|
640
|
356,294
|
|
Reddit, Inc., Class A(b)
|
|
65
|
9,144
|
|
|
|
|
1,184,663
|
|
Internet Services & Infrastructure-0.96%
|
|||
|
Akamai Technologies, Inc.(b)
|
|
60
|
6,911
|
|
Cloudflare, Inc., Class A(b)
|
|
60
|
16,739
|
|
GoDaddy, Inc., Class A(b)
|
|
142
|
11,749
|
|
MongoDB, Inc.(b)
|
|
49
|
16,536
|
|
Okta, Inc.(b)
|
|
148
|
21,006
|
|
Snowflake, Inc., Class A(b)
|
|
90
|
26,395
|
|
Twilio, Inc., Class A(b)
|
|
58
|
11,446
|
|
VeriSign, Inc.
|
|
48
|
13,921
|
|
|
|
|
124,703
|
|
Investment Banking & Brokerage-0.10%
|
|||
|
Charles Schwab Corp. (The)
|
|
123
|
12,945
|
|
IT Consulting & Other Services-0.62%
|
|||
|
Accenture PLC, Class A
|
|
232
|
38,493
|
|
Cognizant Technology Solutions Corp., Class A
|
|
239
|
13,229
|
|
Gartner, Inc.(b)
|
|
50
|
7,551
|
|
International Business Machines Corp.
|
|
93
|
20,800
|
|
|
|
|
80,073
|
|
Managed Health Care-0.15%
|
|||
|
UnitedHealth Group, Inc.
|
|
48
|
19,891
|
|
Movies & Entertainment-0.75%
|
|||
|
Liberty Media Corp.-Liberty Formula One(b)
|
|
140
|
13,738
|
|
Roku, Inc., Class A(b)
|
|
89
|
12,906
|
|
Spotify Technology S.A. (Sweden)(b)
|
|
30
|
14,998
|
|
TKO Group Holdings, Inc.
|
|
84
|
15,272
|
|
Walt Disney Co. (The)
|
|
416
|
40,015
|
|
|
|
|
96,929
|
|
Multi-Sector Holdings-0.21%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
52
|
26,600
|
|
|
Shares
|
Value
|
|
|
Multi-Utilities-0.12%
|
|||
|
CenterPoint Energy, Inc.
|
|
159
|
$6,684
|
|
Sempra
|
|
107
|
9,475
|
|
|
|
|
16,159
|
|
Oil & Gas Refining & Marketing-0.08%
|
|||
|
Valero Energy Corp.
|
|
35
|
10,952
|
|
Oil & Gas Storage & Transportation-0.06%
|
|||
|
Williams Cos., Inc. (The)
|
|
105
|
7,512
|
|
Packaged Foods & Meats-0.15%
|
|||
|
Hershey Co. (The)
|
|
63
|
11,028
|
|
McCormick & Co., Inc.
|
|
175
|
8,908
|
|
|
|
|
19,936
|
|
Passenger Ground Transportation-0.09%
|
|||
|
Uber Technologies, Inc.(b)
|
|
159
|
11,187
|
|
Pharmaceuticals-0.65%
|
|||
|
Eli Lilly and Co.
|
|
20
|
22,977
|
|
Johnson & Johnson
|
|
165
|
42,298
|
|
Merck & Co., Inc.
|
|
141
|
18,358
|
|
|
|
|
83,633
|
|
Property & Casualty Insurance-0.21%
|
|||
|
Chubb Ltd.
|
|
39
|
13,676
|
|
Progressive Corp. (The)
|
|
61
|
12,897
|
|
|
|
|
26,573
|
|
Publishing-0.27%
|
|||
|
New York Times Co. (The), Class A
|
|
234
|
17,524
|
|
News Corp., Class A
|
|
636
|
17,528
|
|
|
|
|
35,052
|
|
Rail Transportation-0.13%
|
|||
|
Union Pacific Corp.
|
|
58
|
16,944
|
|
Restaurants-0.84%
|
|||
|
Chipotle Mexican Grill, Inc.(b)
|
|
530
|
19,727
|
|
Darden Restaurants, Inc.
|
|
33
|
6,718
|
|
McDonald’s Corp.
|
|
192
|
51,963
|
|
Restaurant Brands International, Inc. (Canada)
|
|
150
|
11,103
|
|
Texas Roadhouse, Inc.
|
|
59
|
12,121
|
|
Yum! Brands, Inc.
|
|
46
|
7,051
|
|
|
|
|
108,683
|
|
Semiconductor Materials & Equipment-5.83%
|
|||
|
Amkor Technology, Inc.
|
|
111
|
5,536
|
|
Applied Materials, Inc.
|
|
514
|
260,942
|
|
Entegris, Inc.
|
|
106
|
12,619
|
|
FormFactor, Inc.(b)
|
|
108
|
11,470
|
|
KLA Corp.
|
|
874
|
159,785
|
|
Lam Research Corp.
|
|
853
|
249,946
|
|
MKS, Inc.
|
|
77
|
22,904
|
|
Onto Innovation, Inc.(b)
|
|
44
|
11,377
|
|
Qnity Electronics, Inc.
|
|
154
|
20,202
|
|
|
|
|
754,781
|
|
Semiconductors-22.65%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
944
|
449,486
|
|
Allegro MicroSystems, Inc.(b)
|
|
260
|
10,790
|
|
Broadcom, Inc.
|
|
1,025
|
399,012
|
|
Cirrus Logic, Inc.(b)
|
|
112
|
14,487
|
|
Credo Technology Group Holding Ltd.(b)
|
|
49
|
10,143
|
|
First Solar, Inc.(b)
|
|
32
|
6,753
|
|
GLOBALFOUNDRIES, Inc.
|
|
188
|
9,398
|
|
Intel Corp.(b)
|
|
2,896
|
261,219
|
|
Lattice Semiconductor Corp.(b)
|
|
192
|
23,860
|
|
|
Shares
|
Value
|
|
|
Semiconductors-(continued)
|
|||
|
MACOM Technology Solutions Holdings, Inc.(b)
|
|
65
|
$16,344
|
|
Marvell Technology, Inc.
|
|
579
|
108,597
|
|
Micron Technology, Inc.
|
|
638
|
525,093
|
|
NVIDIA Corp.
|
|
5,030
|
1,009,773
|
|
ON Semiconductor Corp.(b)
|
|
203
|
16,567
|
|
Qorvo, Inc.(b)
|
|
200
|
18,114
|
|
Rambus, Inc.(b)
|
|
113
|
10,286
|
|
Semtech Corp.(b)
|
|
122
|
14,374
|
|
SiTime Corp.(b)
|
|
21
|
11,239
|
|
Skyworks Solutions, Inc.
|
|
244
|
15,196
|
|
|
|
|
2,930,731
|
|
Soft Drinks & Non-alcoholic Beverages-1.13%
|
|||
|
Coca-Cola Co. (The)
|
|
1,668
|
146,100
|
|
Specialty Chemicals-0.21%
|
|||
|
Ecolab, Inc.
|
|
55
|
15,269
|
|
Sherwin-Williams Co. (The)
|
|
35
|
11,930
|
|
|
|
|
27,199
|
|
Steel-0.09%
|
|||
|
Nucor Corp.
|
|
47
|
12,093
|
|
Systems Software-7.53%
|
|||
|
Gen Digital, Inc.
|
|
349
|
9,580
|
|
GitLab, Inc., Class A(b)
|
|
368
|
12,700
|
|
Microsoft Corp.
|
|
1,794
|
833,708
|
|
Oracle Corp.
|
|
147
|
19,091
|
|
Rubrik, Inc., Class A(b)
|
|
122
|
8,828
|
|
SentinelOne, Inc., Class A(b)
|
|
955
|
18,202
|
|
ServiceNow, Inc.(b)
|
|
330
|
36,706
|
|
UiPath, Inc., Class A(b)
|
|
1,095
|
13,972
|
|
Zscaler, Inc.(b)
|
|
140
|
21,168
|
|
|
|
|
973,955
|
|
Technology Hardware, Storage & Peripherals-9.30%
|
|||
|
Apple, Inc.
|
|
3,070
|
948,354
|
|
Dell Technologies, Inc., Class C
|
|
20
|
8,107
|
|
Everpure, Inc., Class A(b)
|
|
91
|
7,022
|
|
Hewlett Packard Enterprise Co.
|
|
136
|
6,514
|
|
NetApp, Inc.
|
|
63
|
11,246
|
|
Sandisk Corp.(b)
|
|
85
|
103,261
|
|
Western Digital Corp.
|
|
217
|
118,230
|
|
|
|
|
1,202,734
|
|
Tobacco-0.54%
|
|||
|
Altria Group, Inc.
|
|
413
|
28,220
|
|
Philip Morris International, Inc. (Switzerland)
|
|
219
|
41,790
|
|
|
|
|
70,010
|
|
Trading Companies & Distributors-0.10%
|
|||
|
W.W. Grainger, Inc.
|
|
9
|
12,440
|
|
Transaction & Payment Processing Services-0.66%
|
|||
|
Mastercard, Inc., Class A
|
|
68
|
38,971
|
|
Visa, Inc., Class A
|
|
127
|
46,498
|
|
|
|
|
85,469
|
|
Wireless Telecommunication Services-0.13%
|
|||
|
Millicom International Cellular S.A. (Guatemala)
|
|
180
|
17,186
|
|
Total Common Stocks & Other Equity Interests
(Cost $8,717,621)
|
12,070,805
|
||
|
Options Purchased-6.53%
|
|||
|
(Cost $801,055)†
|
844,908
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-1.10%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(e)
(Cost $141,372)
|
|
141,372
|
$141,372
|
|
TOTAL INVESTMENTS IN SECURITIES-100.93%
(Cost $9,660,048)
|
13,057,085
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.93)%
|
(119,831
)
|
||
|
NET ASSETS-100.00%
|
$12,937,254
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Rts.
|
-Rights
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$-
|
$1,409,024
|
$(1,267,652
)
|
$-
|
$-
|
$141,372
|
$1,273
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
†
|
The table below details options purchased.
|
|
Open Exchange-Traded Index Options Purchased
|
||||||||
|
Description
|
Type of
Contract
|
Expiration Date
|
Number of
Contracts
|
Exercise Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Put
|
05/21/2027
|
31
|
|
$275
|
|
$852,500
|
$55,800
|
|
Nasdaq-100 Micro Index
|
Put
|
04/16/2027
|
31
|
|
275
|
|
852,500
|
52,700
|
|
Nasdaq-100 Micro Index
|
Put
|
10/16/2026
|
38
|
|
276
|
|
1,048,800
|
33,060
|
|
Nasdaq-100 Micro Index
|
Put
|
12/18/2026
|
38
|
|
290
|
|
1,102,000
|
68,400
|
|
Nasdaq-100 Micro Index
|
Put
|
03/19/2027
|
42
|
|
290
|
|
1,218,000
|
90,300
|
|
Nasdaq-100 Micro Index
|
Put
|
09/18/2026
|
21
|
|
295
|
|
619,500
|
34,188
|
|
Nasdaq-100 Micro Index
|
Put
|
01/15/2027
|
38
|
|
295
|
|
1,121,000
|
81,700
|
|
Nasdaq-100 Micro Index
|
Put
|
11/20/2026
|
34
|
|
295
|
|
1,003,000
|
64,600
|
|
Nasdaq-100 Micro Index
|
Put
|
02/19/2027
|
31
|
|
300
|
|
930,000
|
79,050
|
|
Nasdaq-100 Micro Index
|
Put
|
06/17/2027
|
28
|
|
305
|
|
854,000
|
89,600
|
|
Nasdaq-100 Micro Index
|
Put
|
07/16/2027
|
35
|
|
302
|
|
1,057,000
|
108,500
|
|
Nasdaq-100 Micro Index
|
Put
|
08/20/2027
|
35
|
|
285
|
|
997,500
|
87,010
|
|
Total Index Options Purchased
|
|
|
|
|
|
$844,908
|
||
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
Open Exchange-Traded Index Options Written
|
||||||||
|
Description
|
Type of
Contract
|
Expiration
Date
|
Number of
Contracts
|
Exercise
Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Put
|
11/20/2026
|
17
|
|
$196
|
|
$(333,200
)
|
$(1,632
)
|
|
Nasdaq-100 Micro Index
|
Put
|
09/18/2026
|
21
|
|
177
|
|
(371,700
)
|
(263
)
|
|
Nasdaq-100 Micro Index
|
Put
|
10/16/2026
|
19
|
|
185
|
|
(351,500
)
|
(665
)
|
|
Nasdaq-100 Micro Index
|
Put
|
12/18/2026
|
19
|
|
189
|
|
(359,100
)
|
(2,023
)
|
|
Nasdaq-100 Micro Index
|
Put
|
02/19/2027
|
16
|
|
195
|
|
(312,000
)
|
(3,184
)
|
|
Nasdaq-100 Micro Index
|
Put
|
01/15/2027
|
19
|
|
191
|
|
(362,900
)
|
(2,869
)
|
|
Nasdaq-100 Micro Index
|
Put
|
03/19/2027
|
21
|
|
187
|
|
(392,700
)
|
(4,200
)
|
|
Nasdaq-100 Micro Index
|
Put
|
04/16/2027
|
15
|
|
175
|
|
(262,500
)
|
(2,700
)
|
|
Nasdaq-100 Micro Index
|
Put
|
05/21/2027
|
16
|
|
206
|
|
(329,600
)
|
(7,200
)
|
|
Nasdaq-100 Micro Index
|
Put
|
06/17/2027
|
14
|
|
230
|
|
(322,000
)
|
(11,200
)
|
|
Nasdaq-100 Micro Index
|
Put
|
07/16/2027
|
17
|
|
227
|
|
(385,900
)
|
(13,600
)
|
|
Nasdaq-100 Micro Index
|
Put
|
08/20/2027
|
17
|
|
211
|
|
(358,700
)
|
(11,390
)
|
|
Equity Risk
|
|
|
|
|
|
|
||
|
Nasdaq-100 Micro Index
|
Call
|
08/07/2026
|
114
|
|
319
|
|
(3,636,600
)
|
(570
)
|
|
Nasdaq-100 Micro Index
|
Call
|
08/14/2026
|
105
|
|
310
|
|
(3,255,000
)
|
(1,260
)
|
|
Nasdaq-100 Micro Index
|
Call
|
08/21/2026
|
113
|
|
310
|
|
(3,503,000
)
|
(1,526
)
|
|
Nasdaq-100 Micro Index
|
Call
|
08/28/2026
|
92
|
|
310
|
|
(2,852,000
)
|
(2,668
)
|
|
Total Exchange-Traded Options Written
|
|
|
|
|
|
$(66,950
)
|
||
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-76.89%
|
|||
|
Aerospace & Defense-0.51%
|
|||
|
Axon Enterprise, Inc.(b)
|
|
2,238
|
$1,181,127
|
|
Honeywell Aerospace, Inc.(b)
|
|
8,772
|
1,813,523
|
|
Rocket Lab Corp.(b)
|
|
16,034
|
1,041,408
|
|
|
|
|
4,036,058
|
|
Alternative Carriers-0.73%
|
|||
|
Space Exploration Technologies Corp.,
Class A(b)
|
|
53,106
|
5,755,097
|
|
Apparel Retail-0.28%
|
|||
|
Ross Stores, Inc.
|
|
8,927
|
2,241,302
|
|
Application Software-3.52%
|
|||
|
Adobe, Inc.(b)
|
|
11,203
|
2,805,343
|
|
AppLovin Corp., Class A(b)
|
|
8,465
|
3,351,294
|
|
Autodesk, Inc.(b)
|
|
5,842
|
1,368,196
|
|
Cadence Design Systems, Inc.(b)
|
|
7,635
|
2,596,053
|
|
Datadog, Inc., Class A(b)
|
|
9,171
|
2,457,553
|
|
Intuit, Inc.
|
|
7,575
|
2,394,230
|
|
Palantir Technologies, Inc., Class A(b)
|
|
63,620
|
7,829,077
|
|
Roper Technologies, Inc.
|
|
2,802
|
1,098,300
|
|
Strategy, Inc., Class A(b)
|
|
9,170
|
855,378
|
|
Synopsys, Inc.(b)
|
|
5,299
|
2,060,039
|
|
Workday, Inc., Class A(b)
|
|
5,564
|
892,132
|
|
|
|
|
27,707,595
|
|
Automobile Manufacturers-1.98%
|
|||
|
Tesla, Inc.(b)
|
|
50,135
|
15,602,513
|
|
Automotive Retail-0.26%
|
|||
|
O’Reilly Automotive, Inc., Class R(b)
|
|
22,960
|
2,051,476
|
|
Biotechnology-2.10%
|
|||
|
Alnylam Pharmaceuticals, Inc.(b)
|
|
3,702
|
760,835
|
|
Amgen, Inc.
|
|
14,957
|
5,760,838
|
|
Gilead Sciences, Inc.
|
|
34,398
|
4,478,964
|
|
Regeneron Pharmaceuticals, Inc.
|
|
2,856
|
2,178,071
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
7,026
|
3,352,105
|
|
|
|
|
16,530,813
|
|
Broadline Retail-4.27%
|
|||
|
Amazon.com, Inc.(b)
|
|
107,956
|
29,318,690
|
|
MercadoLibre, Inc. (Brazil)(b)
|
|
1,407
|
2,642,276
|
|
PDD Holdings, Inc., ADR (China)(b)
|
|
18,505
|
1,638,803
|
|
|
|
|
33,599,769
|
|
Cargo Ground Transportation-0.16%
|
|||
|
Old Dominion Freight Line, Inc.
|
|
5,763
|
1,222,563
|
|
Communications Equipment-1.80%
|
|||
|
Cisco Systems, Inc.
|
|
109,206
|
12,666,804
|
|
Lumentum Holdings, Inc.(b)
|
|
2,148
|
1,533,543
|
|
|
|
|
14,200,347
|
|
Construction & Engineering-0.16%
|
|||
|
Ferrovial N.V.
|
|
19,933
|
1,297,638
|
|
Construction Machinery & Heavy Transportation Equipment-0.25%
|
|||
|
PACCAR, Inc.
|
|
14,581
|
1,934,607
|
|
Consumer Staples Merchandise Retail-3.40%
|
|||
|
Costco Wholesale Corp.
|
|
12,292
|
11,700,632
|
|
Walmart, Inc.
|
|
135,159
|
15,029,681
|
|
|
|
|
26,730,313
|
|
|
Shares
|
Value
|
|
|
Diversified Support Services-0.38%
|
|||
|
Cintas Corp.
|
|
11,079
|
$2,267,096
|
|
Copart, Inc.(b)
|
|
25,654
|
747,044
|
|
|
|
|
3,014,140
|
|
Electric Utilities-0.92%
|
|||
|
American Electric Power Co., Inc.
|
|
15,072
|
1,926,955
|
|
Constellation Energy Corp.
|
|
10,013
|
2,630,916
|
|
Exelon Corp.
|
|
28,347
|
1,298,859
|
|
Xcel Energy, Inc.
|
|
17,298
|
1,352,704
|
|
|
|
|
7,209,434
|
|
Health Care Equipment-0.82%
|
|||
|
Dexcom, Inc.(b)
|
|
10,691
|
892,164
|
|
GE HealthCare Technologies, Inc.
|
|
12,610
|
857,732
|
|
IDEXX Laboratories, Inc.(b)
|
|
2,193
|
1,226,041
|
|
Intuitive Surgical, Inc.(b)
|
|
9,813
|
3,467,227
|
|
|
|
|
6,443,164
|
|
Hotels, Resorts & Cruise Lines-1.09%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
11,578
|
1,754,299
|
|
Booking Holdings, Inc.
|
|
21,465
|
4,140,598
|
|
Marriott International, Inc., Class A
|
|
7,301
|
2,722,032
|
|
|
|
|
8,616,929
|
|
Human Resource & Employment Services-0.52%
|
|||
|
Automatic Data Processing, Inc.
|
|
11,069
|
2,949,446
|
|
Paychex, Inc.
|
|
9,921
|
1,159,169
|
|
|
|
|
4,108,615
|
|
Industrial Conglomerates-0.27%
|
|||
|
Honeywell International, Inc.
|
|
8,772
|
2,132,035
|
|
Industrial Gases-0.78%
|
|||
|
Linde PLC
|
|
12,804
|
6,125,177
|
|
Integrated Telecommunication Services-0.30%
|
|||
|
Comcast Corp., Class A
|
|
98,710
|
2,365,092
|
|
Interactive Home Entertainment-0.34%
|
|||
|
Electronic Arts, Inc.
|
|
6,947
|
1,457,898
|
|
Take-Two Interactive Software, Inc.(b)
|
|
5,147
|
1,250,309
|
|
|
|
|
2,708,207
|
|
Interactive Media & Services-7.23%
|
|||
|
Alphabet, Inc., Class A
|
|
58,452
|
20,816,511
|
|
Alphabet, Inc., Class C
|
|
54,757
|
19,529,084
|
|
Meta Platforms, Inc., Class A
|
|
29,722
|
16,546,534
|
|
|
|
|
56,892,129
|
|
Internet Services & Infrastructure-0.62%
|
|||
|
CoreWeave, Inc., Class A(b)
|
|
12,402
|
890,091
|
|
Shopify, Inc., Class A (Canada)(b)
|
|
33,791
|
3,958,616
|
|
|
|
|
4,848,707
|
|
Movies & Entertainment-1.30%
|
|||
|
Netflix, Inc.(b)
|
|
116,666
|
8,366,119
|
|
Warner Bros. Discovery, Inc.(b)
|
|
69,464
|
1,826,903
|
|
|
|
|
10,193,022
|
|
Oil & Gas Equipment & Services-0.21%
|
|||
|
Baker Hughes Co., Class A
|
|
27,484
|
1,662,507
|
|
Oil & Gas Exploration & Production-0.20%
|
|||
|
Diamondback Energy, Inc.
|
|
7,794
|
1,581,792
|
|
Packaged Foods & Meats-0.39%
|
|||
|
Kraft Heinz Co. (The)
|
|
32,857
|
849,353
|
|
Mondelez International, Inc., Class A
|
|
35,563
|
2,215,931
|
|
|
|
|
3,065,284
|
|
|
Shares
|
Value
|
|
|
Rail Transportation-0.33%
|
|||
|
CSX Corp.
|
|
51,485
|
$2,594,844
|
|
Research & Consulting Services-0.13%
|
|||
|
Thomson Reuters Corp. (Canada)
|
|
10,565
|
1,036,756
|
|
Restaurants-0.71%
|
|||
|
DoorDash, Inc., Class A(b)
|
|
11,397
|
2,235,636
|
|
Starbucks Corp.
|
|
31,577
|
3,323,479
|
|
|
|
|
5,559,115
|
|
Semiconductor Materials & Equipment-4.28%
|
|||
|
Applied Materials, Inc.
|
|
21,995
|
11,166,202
|
|
ASML Holding N.V., New York Shares
(Netherlands)
|
|
2,542
|
4,140,918
|
|
KLA Corp.
|
|
36,192
|
6,616,621
|
|
Lam Research Corp.
|
|
34,650
|
10,153,143
|
|
Teradyne, Inc.
|
|
4,337
|
1,594,672
|
|
|
|
|
33,671,556
|
|
Semiconductors-19.93%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
45,179
|
21,511,981
|
|
Analog Devices, Inc.
|
|
13,500
|
4,960,035
|
|
ARM Holdings PLC, ADR(b)
|
|
11,753
|
2,817,077
|
|
Astera Labs, Inc.(b)
|
|
4,742
|
1,475,853
|
|
Broadcom, Inc.
|
|
47,580
|
18,521,942
|
|
Intel Corp.(b)
|
|
139,246
|
12,559,989
|
|
Marvell Technology, Inc.
|
|
24,239
|
4,546,267
|
|
Microchip Technology, Inc.
|
|
15,019
|
1,115,761
|
|
Micron Technology, Inc.
|
|
31,243
|
25,713,926
|
|
Monolithic Power Systems, Inc.
|
|
1,366
|
1,947,957
|
|
NVIDIA Corp.
|
|
242,874
|
48,756,955
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
6,991
|
1,602,058
|
|
QUALCOMM, Inc.
|
|
29,201
|
4,310,360
|
|
Texas Instruments, Inc.
|
|
25,211
|
6,951,681
|
|
|
|
|
156,791,842
|
|
Soft Drinks & Non-alcoholic Beverages-1.32%
|
|||
|
Coca-Cola Europacific Partners PLC (United
Kingdom)
|
|
12,358
|
1,352,707
|
|
Keurig Dr Pepper, Inc.
|
|
37,696
|
1,173,100
|
|
Monster Beverage Corp.(b)
|
|
27,100
|
2,611,898
|
|
PepsiCo, Inc.
|
|
37,867
|
5,284,718
|
|
|
|
|
10,422,423
|
|
Systems Software-6.61%
|
|||
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
28,219
|
5,385,879
|
|
Fortinet, Inc.(b)
|
|
20,294
|
3,286,613
|
|
Microsoft Corp.
|
|
74,557
|
34,648,129
|
|
Nebius Group N.V., Class A
(Netherlands)(b)(c)
|
|
6,104
|
1,162,263
|
|
Palo Alto Networks, Inc.(b)
|
|
22,604
|
7,500,685
|
|
|
|
|
51,983,569
|
|
Technology Hardware, Storage & Peripherals-7.76%
|
|||
|
Apple, Inc.
|
|
147,403
|
45,534,261
|
|
Sandisk Corp.(b)
|
|
4,100
|
4,980,803
|
|
Seagate Technology Holdings PLC
|
|
6,214
|
5,319,992
|
|
Western Digital Corp.
|
|
9,549
|
5,202,677
|
|
|
|
|
61,037,733
|
|
Trading Companies & Distributors-0.19%
|
|||
|
Fastenal Co.
|
|
31,806
|
1,517,464
|
|
Transaction & Payment Processing Services-0.18%
|
|||
|
PayPal Holdings, Inc.
|
|
24,439
|
1,398,155
|
|
|
Shares
|
Value
|
|
|
Wireless Telecommunication Services-0.66%
|
|||
|
T-Mobile US, Inc.
|
|
29,987
|
$5,179,055
|
|
Total Common Stocks & Other Equity Interests
(Cost $490,231,108)
|
605,068,837
|
||
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-5.27%
|
|
|
|
|
Diversified Banks-4.83%
|
|
|
|
|
Canadian Imperial Bank of Commerce
(NASDAQ 100 Stock Index), 195.60%,
08/11/2026(d)
|
|
$2,776,000
|
2,694,452
|
|
Citigroup, Inc. (NASDAQ 100 Stock Index),
189.64%, 08/19/2026(d)
|
|
2,972,000
|
2,952,432
|
|
Citigroup, Inc. (NASDAQ 100 Stock Index),
178.32%, 08/26/2026(d)
|
|
2,332,000
|
2,346,333
|
|
Citigroup, Inc. (NASDAQ 100 Stock Index),
185.40%, 08/28/2026(d)
|
|
1,904,000
|
1,932,229
|
|
Mizuho Financial Group, Inc. (NASDAQ 100
Stock Index), 209.50%, 08/14/2026(d)
|
|
2,256,000
|
2,250,317
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 205.09%, 08/07/2026(d)
|
|
2,583,000
|
2,329,282
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 192.82%, 08/12/2026(d)
|
|
2,003,000
|
1,858,776
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 191.09%, 08/17/2026(d)
|
|
1,944,000
|
1,996,647
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 197.57%, 08/18/2026(d)
|
|
1,856,000
|
1,901,899
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 209.48%, 08/20/2026(d)
|
|
2,475,000
|
2,500,446
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 203.48%, 08/21/2026(d)
|
|
2,670,000
|
2,780,834
|
|
Royal Bank of Canada (NASDAQ 100 Stock
Index), 180.83%, 08/24/2026(d)
|
|
2,307,000
|
2,368,385
|
|
Societe Generale S.A. (NASDAQ 100 Stock
Index), 182.90%, 08/25/2026(d)
|
|
1,825,000
|
1,880,489
|
|
Toronto-Dominion Bank (The) (NASDAQ
100 Stock Index), 213.50%,
08/13/2026(d)
|
|
3,208,000
|
3,051,607
|
|
Toronto-Dominion Bank (The) (NASDAQ
100 Stock Index), 169.60%,
08/31/2026(d)
|
|
2,892,000
|
2,892,000
|
|
Wells Fargo Bank N.A. (NASDAQ 100 Stock
Index), 190.02%, 08/27/2026(d)
|
|
2,330,000
|
2,283,971
|
|
|
|
|
38,020,099
|
|
Diversified Capital Markets-0.44%
|
|
|
|
|
UBS AG (NASDAQ 100 Stock Index),
210.39%, 08/06/2026(d)
|
|
1,183,000
|
1,145,317
|
|
UBS AG (NASDAQ 100 Stock Index),
182.26%, 08/10/2026(d)
|
|
2,572,000
|
2,295,677
|
|
|
|
|
3,440,994
|
|
Total Equity Linked Notes
(Cost $42,088,000)
|
41,461,093
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-17.47%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(e)(f)
(Cost $137,489,884)
|
|
137,489,884
|
$137,489,884
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.63%
(Cost $669,808,992)
|
784,019,814
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.15%
|
|||
|
Invesco Private Government Fund,
3.69%(e)(f)(g)
|
|
318,891
|
318,891
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.82%(e)(f)(g)
|
|
819,917
|
$819,999
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,138,890)
|
1,138,890
|
||
|
TOTAL INVESTMENTS IN SECURITIES-99.78%
(Cost $670,947,882)
|
785,158,704
|
||
|
OTHER ASSETS LESS LIABILITIES-0.22%
|
1,714,150
|
||
|
NET ASSETS-100.00%
|
$786,872,854
|
||
|
Investment Abbreviations:
|
|
|
ADR
|
-American Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $41,461,093, which represented 5.27% of the Fund’s Net Assets.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$81,835,754
|
$153,368,231
|
$(97,714,101
)
|
$-
|
$-
|
$137,489,884
|
$2,911,668
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
100,203
|
14,574,325
|
(14,355,637
)
|
-
|
-
|
318,891
|
26,468
*
|
|
Invesco Private Prime Fund
|
405,221
|
30,877,730
|
(30,462,637
)
|
-
|
(315
)
|
819,999
|
20,013
*
|
|
Total
|
$82,341,178
|
$198,820,286
|
$(142,532,375
)
|
$-
|
$(315
)
|
$138,628,774
|
$2,958,149
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-80.68%
|
|||
|
Communication Services-7.94%
|
|||
|
Alphabet, Inc., Class A
|
|
4,621
|
$1,645,677
|
|
Alphabet, Inc., Class C
|
|
3,726
|
1,328,878
|
|
AppLovin Corp., Class A(b)
|
|
213
|
84,327
|
|
AT&T, Inc.
|
|
5,474
|
127,270
|
|
Charter Communications, Inc., Class A(b)(c)
|
|
72
|
10,438
|
|
Comcast Corp., Class A
|
|
2,807
|
67,256
|
|
EchoStar Corp., Class A(b)
|
|
120
|
10,091
|
|
Electronic Arts, Inc.
|
|
178
|
37,355
|
|
Fox Corp., Class A(c)
|
|
173
|
10,074
|
|
Fox Corp., Class B
|
|
120
|
6,233
|
|
Live Nation Entertainment, Inc.(b)
|
|
137
|
23,856
|
|
Meta Platforms, Inc., Class A
|
|
1,732
|
964,222
|
|
Netflix, Inc.(b)
|
|
3,319
|
238,005
|
|
News Corp., Class A
|
|
325
|
8,957
|
|
News Corp., Class B
|
|
109
|
3,408
|
|
Omnicom Group, Inc.
|
|
247
|
19,439
|
|
Paramount Skydance Corp.
|
|
277
|
2,205
|
|
Take-Two Interactive Software, Inc.(b)
|
|
137
|
33,280
|
|
TKO Group Holdings, Inc.(c)
|
|
54
|
9,818
|
|
T-Mobile US, Inc.
|
|
368
|
63,557
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
380
|
6,855
|
|
Verizon Communications, Inc.
|
|
3,290
|
154,005
|
|
Walt Disney Co. (The)
|
|
1,369
|
131,684
|
|
Warner Bros. Discovery, Inc.(b)
|
|
1,952
|
51,338
|
|
|
|
|
5,038,228
|
|
Consumer Discretionary-7.58%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
329
|
49,850
|
|
Amazon.com, Inc.(b)
|
|
7,713
|
2,094,697
|
|
Aptiv PLC(b)
|
|
183
|
10,334
|
|
AutoZone, Inc.(b)
|
|
14
|
42,227
|
|
Best Buy Co., Inc.
|
|
170
|
14,664
|
|
Booking Holdings, Inc.
|
|
610
|
117,669
|
|
Carnival Corp. Ltd.
|
|
1,113
|
30,953
|
|
Carvana Co.(b)
|
|
565
|
35,233
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
1,012
|
37,667
|
|
D.R. Horton, Inc.
|
|
228
|
32,618
|
|
Darden Restaurants, Inc.
|
|
99
|
20,154
|
|
Deckers Outdoor Corp.(b)
|
|
123
|
11,916
|
|
Domino’s Pizza, Inc.
|
|
26
|
9,033
|
|
DoorDash, Inc., Class A(b)
|
|
299
|
58,652
|
|
eBay, Inc.
|
|
350
|
39,904
|
|
Expedia Group, Inc.
|
|
99
|
29,179
|
|
Ford Motor Co.
|
|
3,083
|
45,258
|
|
Garmin Ltd.
|
|
142
|
41,717
|
|
General Motors Co.
|
|
711
|
63,179
|
|
Genuine Parts Co.
|
|
119
|
14,800
|
|
Hasbro, Inc.
|
|
117
|
10,991
|
|
Hilton Worldwide Holdings, Inc.
|
|
180
|
57,688
|
|
Home Depot, Inc. (The)
|
|
785
|
260,589
|
|
Las Vegas Sands Corp.
|
|
258
|
12,614
|
|
Lennar Corp., Class A
|
|
186
|
15,317
|
|
Lowe’s Cos., Inc.
|
|
441
|
91,644
|
|
lululemon Athletica, Inc.(b)
|
|
93
|
11,055
|
|
Marriott International, Inc., Class A
|
|
173
|
64,500
|
|
McDonald’s Corp.
|
|
560
|
151,558
|
|
MGM Resorts International(b)
|
|
171
|
7,621
|
|
NIKE, Inc., Class B
|
|
945
|
39,416
|
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
406
|
7,523
|
|
NVR, Inc.(b)
|
|
2
|
12,294
|
|
O’Reilly Automotive, Inc., Class R(b)
|
|
653
|
58,346
|
|
PulteGroup, Inc.
|
|
165
|
20,868
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
Ralph Lauren Corp.
|
|
33
|
$12,551
|
|
Ross Stores, Inc.
|
|
252
|
63,270
|
|
Royal Caribbean Cruises Ltd.
|
|
197
|
62,705
|
|
Starbucks Corp.
|
|
898
|
94,514
|
|
Tapestry, Inc.
|
|
175
|
26,665
|
|
Tesla, Inc.(b)
|
|
2,218
|
690,264
|
|
TJX Cos., Inc. (The)
|
|
871
|
137,043
|
|
Tractor Supply Co.
|
|
454
|
13,970
|
|
Ulta Beauty, Inc.(b)
|
|
38
|
19,488
|
|
Williams-Sonoma, Inc.
|
|
102
|
23,323
|
|
Wynn Resorts Ltd.
|
|
75
|
7,448
|
|
Yum! Brands, Inc.
|
|
239
|
36,634
|
|
|
|
|
4,809,603
|
|
Consumer Staples-3.79%
|
|||
|
Altria Group, Inc.
|
|
1,316
|
89,922
|
|
Archer-Daniels-Midland Co.
|
|
417
|
33,056
|
|
Brown-Forman Corp., Class B(c)
|
|
152
|
4,367
|
|
Bunge Global S.A.
|
|
118
|
12,535
|
|
Casey’s General Stores, Inc.
|
|
32
|
27,872
|
|
Church & Dwight Co., Inc.
|
|
205
|
20,256
|
|
Clorox Co. (The)
|
|
105
|
10,031
|
|
Coca-Cola Co. (The)
|
|
3,050
|
267,149
|
|
Colgate-Palmolive Co.
|
|
630
|
57,519
|
|
Constellation Brands, Inc., Class A
|
|
121
|
15,758
|
|
Costco Wholesale Corp.
|
|
350
|
333,161
|
|
Dollar General Corp.
|
|
191
|
24,267
|
|
Dollar Tree, Inc.(b)
|
|
157
|
19,972
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
214
|
17,955
|
|
General Mills, Inc.
|
|
462
|
16,517
|
|
Hershey Co. (The)
|
|
128
|
22,406
|
|
Hormel Foods Corp.
|
|
260
|
6,503
|
|
J.M. Smucker Co. (The)
|
|
92
|
10,972
|
|
Kenvue, Inc.
|
|
1,661
|
31,958
|
|
Keurig Dr Pepper, Inc.
|
|
1,177
|
36,628
|
|
Kimberly-Clark Corp.
|
|
287
|
31,372
|
|
Kraft Heinz Co. (The)
|
|
739
|
19,103
|
|
Kroger Co. (The)
|
|
491
|
28,350
|
|
McCormick & Co., Inc.
|
|
220
|
11,198
|
|
Molson Coors Beverage Co., Class B
|
|
143
|
5,943
|
|
Mondelez International, Inc., Class A
|
|
1,013
|
63,120
|
|
Monster Beverage Corp.(b)
|
|
563
|
54,262
|
|
PepsiCo, Inc.
|
|
1,075
|
150,027
|
|
Philip Morris International, Inc. (Switzerland)
|
|
1,229
|
234,518
|
|
Procter & Gamble Co. (The)
|
|
1,835
|
265,139
|
|
Sysco Corp.
|
|
414
|
35,289
|
|
Target Corp.
|
|
358
|
51,727
|
|
Tyson Foods, Inc., Class A
|
|
244
|
14,142
|
|
Walmart, Inc.
|
|
3,454
|
384,085
|
|
|
|
|
2,407,079
|
|
Energy-2.71%
|
|||
|
APA Corp.
|
|
306
|
11,420
|
|
Baker Hughes Co., Class A
|
|
781
|
47,243
|
|
Chevron Corp.
|
|
1,476
|
290,521
|
|
ConocoPhillips
|
|
960
|
115,661
|
|
Devon Energy Corp.
|
|
909
|
41,023
|
|
Diamondback Energy, Inc.
|
|
168
|
34,096
|
|
EOG Resources, Inc.
|
|
419
|
62,301
|
|
EQT Corp.
|
|
541
|
28,830
|
|
Expand Energy Corp.
|
|
207
|
19,464
|
|
ExxonMobil Holdings Corp.
|
|
3,266
|
507,667
|
|
Halliburton Co.
|
|
723
|
23,317
|
|
|
Shares
|
Value
|
|
|
Energy-(continued)
|
|||
|
Kinder Morgan, Inc.
|
|
1,543
|
$49,654
|
|
Marathon Petroleum Corp.
|
|
231
|
73,104
|
|
Occidental Petroleum Corp.
|
|
628
|
35,840
|
|
ONEOK, Inc.
|
|
496
|
45,042
|
|
Phillips 66
|
|
316
|
66,891
|
|
SLB Ltd.
|
|
1,178
|
58,417
|
|
Targa Resources Corp.
|
|
169
|
45,692
|
|
Texas Pacific Land Corp.
|
|
50
|
20,129
|
|
Valero Energy Corp.
|
|
235
|
73,531
|
|
Williams Cos., Inc. (The)
|
|
963
|
68,893
|
|
|
|
|
1,718,736
|
|
Financials-10.08%
|
|||
|
Aflac, Inc.
|
|
362
|
46,148
|
|
Allstate Corp. (The)
|
|
203
|
53,608
|
|
American Express Co.
|
|
419
|
140,889
|
|
American International Group, Inc.
|
|
418
|
32,846
|
|
Ameriprise Financial, Inc.
|
|
72
|
39,301
|
|
Aon PLC, Class A
|
|
168
|
60,572
|
|
Apollo Global Management, Inc.
|
|
364
|
45,715
|
|
Arch Capital Group Ltd.(b)
|
|
301
|
30,260
|
|
Ares Management Corp., Class A
|
|
183
|
23,441
|
|
Arthur J. Gallagher & Co.
|
|
203
|
50,632
|
|
Assurant, Inc.
|
|
43
|
12,005
|
|
Bank of America Corp.
|
|
5,144
|
318,671
|
|
Bank of New York Mellon Corp. (The)
|
|
542
|
84,731
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
1,445
|
739,175
|
|
BlackRock, Inc.
|
|
114
|
124,304
|
|
Blackstone, Inc., Class A
|
|
586
|
74,862
|
|
Block, Inc., Class A(b)
|
|
420
|
34,121
|
|
Brown & Brown, Inc.
|
|
252
|
17,741
|
|
Capital One Financial Corp.
|
|
490
|
102,415
|
|
Cboe Global Markets, Inc.
|
|
91
|
28,231
|
|
Charles Schwab Corp. (The)
|
|
1,288
|
135,549
|
|
Chubb Ltd.
|
|
284
|
99,593
|
|
Cincinnati Financial Corp.
|
|
134
|
23,809
|
|
Citigroup, Inc.
|
|
1,344
|
178,013
|
|
Citizens Financial Group, Inc.
|
|
366
|
26,224
|
|
CME Group, Inc., Class A
|
|
285
|
76,320
|
|
Coinbase Global, Inc., Class A(b)
|
|
192
|
28,082
|
|
Corpay, Inc.(b)
|
|
57
|
21,780
|
|
Erie Indemnity Co., Class A
|
|
23
|
5,567
|
|
Everest Group Ltd.
|
|
34
|
12,721
|
|
FactSet Research Systems, Inc.(c)
|
|
32
|
8,422
|
|
Fidelity National Information Services, Inc.
|
|
447
|
20,012
|
|
Fifth Third Bancorp
|
|
715
|
40,398
|
|
Fiserv, Inc.(b)
|
|
461
|
24,866
|
|
Franklin Resources, Inc.
|
|
265
|
8,973
|
|
Global Payments, Inc.
|
|
201
|
16,900
|
|
Globe Life, Inc.
|
|
67
|
12,211
|
|
Goldman Sachs Group, Inc. (The)
|
|
234
|
238,301
|
|
Hartford Insurance Group, Inc. (The)
|
|
237
|
33,633
|
|
Huntington Bancshares, Inc.
|
|
1,754
|
29,888
|
|
Interactive Brokers Group, Inc., Class A
|
|
385
|
33,876
|
|
Intercontinental Exchange, Inc.
|
|
445
|
67,854
|
|
Invesco Ltd.(d)
|
|
384
|
11,366
|
|
Jack Henry & Associates, Inc.
|
|
61
|
9,396
|
|
JPMorgan Chase & Co.
|
|
2,110
|
742,277
|
|
KeyCorp
|
|
797
|
18,004
|
|
KKR & Co., Inc., Class A
|
|
545
|
55,279
|
|
Loews Corp.
|
|
146
|
16,937
|
|
M&T Bank Corp.
|
|
127
|
31,279
|
|
Marsh & McLennan Cos., Inc.
|
|
381
|
72,272
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Mastercard, Inc., Class A
|
|
636
|
$364,492
|
|
MetLife, Inc.
|
|
425
|
40,855
|
|
Moody’s Corp.
|
|
119
|
56,927
|
|
Morgan Stanley
|
|
944
|
198,637
|
|
MSCI, Inc.
|
|
63
|
36,051
|
|
Nasdaq, Inc.
|
|
387
|
36,452
|
|
Northern Trust Corp.
|
|
160
|
29,150
|
|
PayPal Holdings, Inc.
|
|
696
|
39,818
|
|
PNC Financial Services Group, Inc. (The)
|
|
316
|
78,959
|
|
Principal Financial Group, Inc.
|
|
170
|
19,329
|
|
Progressive Corp. (The)
|
|
461
|
97,465
|
|
Prudential Financial, Inc.
|
|
273
|
33,328
|
|
Raymond James Financial, Inc.
|
|
150
|
26,397
|
|
Regions Financial Corp.
|
|
738
|
22,841
|
|
Robinhood Markets, Inc., Class A(b)
|
|
623
|
53,927
|
|
S&P Global, Inc.
|
|
239
|
98,451
|
|
State Street Corp.
|
|
219
|
40,331
|
|
Synchrony Financial
|
|
291
|
22,055
|
|
T. Rowe Price Group, Inc.
|
|
185
|
20,674
|
|
TPG, Inc.(b)(e)
|
|
172
|
0
|
|
Travelers Cos., Inc. (The)
|
|
168
|
62,893
|
|
Truist Financial Corp.
|
|
982
|
50,907
|
|
U.S. Bancorp
|
|
1,224
|
77,124
|
|
Visa, Inc., Class A
|
|
1,308
|
478,898
|
|
W.R. Berkley Corp.
|
|
254
|
18,425
|
|
Wells Fargo & Co.
|
|
2,412
|
208,517
|
|
Willis Towers Watson PLC
|
|
82
|
27,545
|
|
|
|
|
6,399,918
|
|
Health Care-7.37%
|
|||
|
Abbott Laboratories
|
|
1,372
|
145,020
|
|
AbbVie, Inc.
|
|
1,392
|
349,309
|
|
Agilent Technologies, Inc.
|
|
245
|
33,901
|
|
Align Technology, Inc.(b)
|
|
59
|
9,980
|
|
Amgen, Inc.
|
|
424
|
163,308
|
|
Baxter International, Inc.
|
|
450
|
11,772
|
|
Becton, Dickinson and Co.
|
|
238
|
39,418
|
|
Biogen, Inc.(b)
|
|
128
|
25,978
|
|
Bio-Techne Corp.
|
|
135
|
9,732
|
|
Boston Scientific Corp.(b)
|
|
1,171
|
54,721
|
|
Bristol-Myers Squibb Co.
|
|
1,609
|
105,084
|
|
Cardinal Health, Inc.
|
|
185
|
42,556
|
|
Cencora, Inc.
|
|
153
|
47,635
|
|
Centene Corp.(b)
|
|
406
|
25,261
|
|
Charles River Laboratories International, Inc.(b)
|
|
43
|
9,998
|
|
Cigna Group (The)
|
|
209
|
58,321
|
|
Cooper Cos., Inc. (The)(b)
|
|
169
|
12,222
|
|
CVS Health Corp.
|
|
1,006
|
105,057
|
|
Danaher Corp.
|
|
496
|
96,710
|
|
DaVita, Inc.(b)
|
|
29
|
6,963
|
|
Dexcom, Inc.(b)
|
|
334
|
27,872
|
|
Edwards Lifesciences Corp.(b)
|
|
453
|
38,990
|
|
Elevance Health, Inc.
|
|
173
|
65,020
|
|
Eli Lilly and Co.
|
|
623
|
715,727
|
|
GE HealthCare Technologies, Inc.
|
|
394
|
26,800
|
|
Gilead Sciences, Inc.
|
|
978
|
127,345
|
|
HCA Healthcare, Inc.
|
|
123
|
49,519
|
|
Henry Schein, Inc.(b)
|
|
86
|
7,375
|
|
Humana, Inc.
|
|
95
|
34,567
|
|
IDEXX Laboratories, Inc.(b)
|
|
68
|
38,017
|
|
Incyte Corp.(b)
|
|
145
|
17,330
|
|
Insulet Corp.(b)
|
|
60
|
9,921
|
|
Intuitive Surgical, Inc.(b)
|
|
278
|
98,226
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
IQVIA Holdings, Inc.(b)
|
|
144
|
$33,843
|
|
Johnson & Johnson
|
|
1,896
|
486,040
|
|
Labcorp Holdings, Inc.
|
|
71
|
21,953
|
|
McKesson Corp.
|
|
95
|
81,338
|
|
Medtronic PLC
|
|
1,013
|
86,500
|
|
Merck & Co., Inc.
|
|
1,947
|
253,499
|
|
Mettler-Toledo International, Inc.(b)
|
|
17
|
24,077
|
|
Moderna, Inc.(b)
|
|
310
|
16,994
|
|
Pfizer, Inc.
|
|
4,490
|
112,295
|
|
Quest Diagnostics, Inc.
|
|
96
|
22,369
|
|
Regeneron Pharmaceuticals, Inc.
|
|
79
|
60,248
|
|
ResMed, Inc.
|
|
126
|
26,584
|
|
Revvity, Inc.
|
|
99
|
11,139
|
|
Solventum Corp.(b)
|
|
127
|
10,851
|
|
STERIS PLC
|
|
85
|
19,414
|
|
Stryker Corp.
|
|
272
|
88,590
|
|
Thermo Fisher Scientific, Inc.
|
|
293
|
168,270
|
|
UnitedHealth Group, Inc.
|
|
716
|
296,710
|
|
Universal Health Services, Inc., Class B
|
|
47
|
7,917
|
|
Veeva Systems, Inc., Class A(b)
|
|
130
|
26,491
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
200
|
95,420
|
|
Viatris, Inc.
|
|
1,008
|
17,700
|
|
Waters Corp.(b)
|
|
85
|
32,071
|
|
West Pharmaceutical Services, Inc.
|
|
61
|
20,799
|
|
Zimmer Biomet Holdings, Inc.
|
|
167
|
15,686
|
|
Zoetis, Inc.
|
|
363
|
28,056
|
|
|
|
|
4,674,509
|
|
Industrials-7.08%
|
|||
|
3M Co.
|
|
409
|
72,099
|
|
A.O. Smith Corp.
|
|
100
|
6,013
|
|
Allegion PLC
|
|
74
|
11,648
|
|
AMETEK, Inc.
|
|
181
|
43,750
|
|
Automatic Data Processing, Inc.
|
|
315
|
83,935
|
|
Axon Enterprise, Inc.(b)
|
|
70
|
36,943
|
|
Boeing Co. (The)(b)
|
|
621
|
134,223
|
|
Broadridge Financial Solutions, Inc.
|
|
100
|
15,395
|
|
Builders FirstSource, Inc.(b)
|
|
96
|
6,378
|
|
C.H. Robinson Worldwide, Inc.
|
|
102
|
15,068
|
|
Carrier Global Corp.
|
|
614
|
37,951
|
|
Caterpillar, Inc.
|
|
364
|
296,591
|
|
Cintas Corp.
|
|
267
|
54,636
|
|
Comfort Systems USA, Inc.
|
|
30
|
51,891
|
|
Copart, Inc.(b)
|
|
767
|
22,335
|
|
CSX Corp.
|
|
1,464
|
73,786
|
|
Cummins, Inc.
|
|
109
|
69,128
|
|
Deere & Co.
|
|
199
|
117,941
|
|
Delta Air Lines, Inc.
|
|
515
|
45,032
|
|
Dover Corp.
|
|
117
|
23,941
|
|
DuPont de Nemours, Inc.
|
|
118
|
16,166
|
|
Eaton Corp. PLC
|
|
305
|
126,636
|
|
EMCOR Group, Inc.
|
|
38
|
30,302
|
|
Emerson Electric Co.
|
|
441
|
66,071
|
|
Equifax, Inc.
|
|
103
|
17,780
|
|
Expeditors International of Washington, Inc.
|
|
113
|
18,972
|
|
Fastenal Co.
|
|
904
|
43,130
|
|
FedEx Corp.
|
|
174
|
53,488
|
|
FedEx Freight Holding Co., Inc.(b)
|
|
94
|
13,210
|
|
Fortive Corp.
|
|
264
|
15,631
|
|
GE Vernova, Inc.
|
|
213
|
210,932
|
|
Generac Holdings, Inc.(b)
|
|
52
|
10,250
|
|
General Dynamics Corp.
|
|
200
|
76,684
|
|
General Electric Co.
|
|
822
|
295,978
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Honeywell Aerospace, Inc.(b)
|
|
250
|
$51,685
|
|
Honeywell International, Inc.
|
|
250
|
60,763
|
|
Howmet Aerospace, Inc.
|
|
316
|
89,194
|
|
Hubbell, Inc.
|
|
46
|
21,737
|
|
Huntington Ingalls Industries, Inc.
|
|
34
|
11,099
|
|
IDEX Corp.
|
|
64
|
14,749
|
|
Illinois Tool Works, Inc.
|
|
207
|
59,399
|
|
Ingersoll Rand, Inc.
|
|
308
|
25,681
|
|
J.B. Hunt Transport Services, Inc.
|
|
64
|
17,392
|
|
Jacobs Solutions, Inc.
|
|
102
|
13,763
|
|
Johnson Controls International PLC
|
|
482
|
70,690
|
|
L3Harris Technologies, Inc.
|
|
147
|
40,728
|
|
Leidos Holdings, Inc.
|
|
109
|
12,600
|
|
Lennox International, Inc.
|
|
27
|
11,229
|
|
Lockheed Martin Corp.
|
|
161
|
93,821
|
|
Masco Corp.
|
|
175
|
12,509
|
|
Nordson Corp.
|
|
46
|
13,698
|
|
Norfolk Southern Corp.
|
|
178
|
59,715
|
|
Northrop Grumman Corp.
|
|
105
|
56,960
|
|
Old Dominion Freight Line, Inc.
|
|
158
|
33,518
|
|
Otis Worldwide Corp.
|
|
332
|
23,887
|
|
PACCAR, Inc.
|
|
414
|
54,930
|
|
Parker-Hannifin Corp.
|
|
99
|
96,676
|
|
Paychex, Inc.
|
|
279
|
32,598
|
|
Pentair PLC
|
|
144
|
9,423
|
|
Quanta Services, Inc.
|
|
119
|
79,416
|
|
Republic Services, Inc.
|
|
158
|
33,267
|
|
Rockwell Automation, Inc.
|
|
87
|
41,767
|
|
Rollins, Inc.
|
|
254
|
9,644
|
|
RTX Corp.
|
|
1,062
|
228,564
|
|
Snap-on, Inc.
|
|
45
|
18,468
|
|
Southwest Airlines Co.
|
|
423
|
19,022
|
|
Stanley Black & Decker, Inc.
|
|
135
|
12,768
|
|
Textron, Inc.
|
|
150
|
12,789
|
|
Trane Technologies PLC
|
|
174
|
79,161
|
|
TransDigm Group, Inc.
|
|
48
|
60,210
|
|
Uber Technologies, Inc.(b)
|
|
1,604
|
112,857
|
|
Union Pacific Corp.
|
|
468
|
136,717
|
|
United Airlines Holdings, Inc.(b)
|
|
281
|
34,094
|
|
United Parcel Service, Inc., Class B
|
|
587
|
61,177
|
|
United Rentals, Inc.
|
|
51
|
55,042
|
|
Veralto Corp.
|
|
213
|
20,058
|
|
Verisk Analytics, Inc.
|
|
113
|
22,018
|
|
Vertiv Holdings Co., Class A
|
|
304
|
73,437
|
|
W.W. Grainger, Inc.
|
|
38
|
52,524
|
|
Waste Management, Inc.
|
|
290
|
65,700
|
|
Westinghouse Air Brake Technologies Corp.
|
|
135
|
39,266
|
|
Xylem, Inc.
|
|
206
|
24,096
|
|
|
|
|
4,494,420
|
|
Information Technology-29.33%
|
|||
|
Accenture PLC, Class A
|
|
483
|
80,139
|
|
Adobe, Inc.(b)
|
|
318
|
79,630
|
|
Advanced Micro Devices, Inc.(b)
|
|
1,284
|
611,377
|
|
Akamai Technologies, Inc.(b)
|
|
128
|
14,743
|
|
Amphenol Corp., Class A
|
|
969
|
155,718
|
|
Analog Devices, Inc.
|
|
386
|
141,820
|
|
Apple, Inc.
|
|
11,573
|
3,575,015
|
|
Applied Materials, Inc.
|
|
625
|
317,294
|
|
Arista Networks, Inc.(b)
|
|
814
|
146,805
|
|
Autodesk, Inc.(b)
|
|
167
|
39,111
|
|
Broadcom, Inc.
|
|
3,732
|
1,452,793
|
|
Cadence Design Systems, Inc.(b)
|
|
218
|
74,124
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
CDW Corp.
|
|
111
|
$16,407
|
|
Ciena Corp.(b)
|
|
111
|
41,853
|
|
Cisco Systems, Inc.
|
|
3,112
|
360,961
|
|
Cognizant Technology Solutions Corp., Class A
|
|
410
|
22,694
|
|
Coherent Corp.(b)
|
|
154
|
40,485
|
|
Corning, Inc.
|
|
617
|
85,300
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
802
|
153,070
|
|
Datadog, Inc., Class A(b)
|
|
261
|
69,940
|
|
Dell Technologies, Inc., Class C
|
|
229
|
92,830
|
|
F5, Inc.(b)
|
|
49
|
19,726
|
|
Fair Isaac Corp.(b)(c)
|
|
20
|
22,459
|
|
First Solar, Inc.(b)
|
|
93
|
19,626
|
|
Flex Ltd.(b)
|
|
289
|
32,874
|
|
Fortinet, Inc.(b)
|
|
491
|
79,517
|
|
Gartner, Inc.(b)
|
|
58
|
8,759
|
|
Gen Digital, Inc.
|
|
477
|
13,094
|
|
GoDaddy, Inc., Class A(b)
|
|
115
|
9,515
|
|
Hewlett Packard Enterprise Co.
|
|
1,046
|
50,103
|
|
HP, Inc.
|
|
791
|
21,571
|
|
Intel Corp.(b)
|
|
3,721
|
335,634
|
|
International Business Machines Corp.
|
|
741
|
165,725
|
|
Intuit, Inc.
|
|
219
|
69,219
|
|
Jabil, Inc.
|
|
91
|
28,670
|
|
Keysight Technologies, Inc.(b)
|
|
136
|
43,395
|
|
KLA Corp.
|
|
1,029
|
188,122
|
|
Lam Research Corp.
|
|
986
|
288,918
|
|
Lumentum Holdings, Inc.(b)
|
|
67
|
47,834
|
|
Marvell Technology, Inc.
|
|
690
|
129,416
|
|
Microchip Technology, Inc.
|
|
425
|
31,573
|
|
Micron Technology, Inc.
|
|
889
|
731,674
|
|
Microsoft Corp.
|
|
5,854
|
2,720,471
|
|
Monolithic Power Systems, Inc.
|
|
40
|
57,041
|
|
Motorola Solutions, Inc.
|
|
131
|
57,083
|
|
NetApp, Inc.
|
|
171
|
30,523
|
|
NVIDIA Corp.
|
|
19,082
|
3,830,711
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
200
|
45,832
|
|
ON Semiconductor Corp.(b)
|
|
339
|
27,666
|
|
Oracle Corp.
|
|
1,336
|
173,506
|
|
Palantir Technologies, Inc., Class A(b)
|
|
1,809
|
222,616
|
|
Palo Alto Networks, Inc.(b)
|
|
639
|
212,039
|
|
PTC, Inc.(b)
|
|
100
|
13,720
|
|
Qnity Electronics, Inc.
|
|
181
|
23,744
|
|
QUALCOMM, Inc.
|
|
831
|
122,664
|
|
Roper Technologies, Inc.
|
|
87
|
34,101
|
|
Salesforce, Inc.
|
|
644
|
118,509
|
|
Sandisk Corp.(b)
|
|
117
|
142,135
|
|
Seagate Technology Holdings PLC
|
|
178
|
152,391
|
|
ServiceNow, Inc.(b)
|
|
813
|
90,430
|
|
Skyworks Solutions, Inc.(c)
|
|
134
|
8,346
|
|
Super Micro Computer, Inc.(b)(c)
|
|
487
|
13,831
|
|
Synopsys, Inc.(b)
|
|
151
|
58,703
|
|
TE Connectivity PLC (China)
|
|
231
|
47,514
|
|
Teledyne Technologies, Inc.(b)
|
|
40
|
26,223
|
|
Teradyne, Inc.
|
|
123
|
45,226
|
|
Texas Instruments, Inc.
|
|
717
|
197,706
|
|
Trimble, Inc.(b)
|
|
203
|
11,486
|
|
Tyler Technologies, Inc.(b)
|
|
36
|
11,146
|
|
VeriSign, Inc.
|
|
71
|
20,591
|
|
Western Digital Corp.
|
|
272
|
148,196
|
|
Workday, Inc., Class A(b)
|
|
176
|
28,220
|
|
Zebra Technologies Corp., Class A(b)
|
|
41
|
12,047
|
|
|
|
|
18,613,950
|
|
|
Shares
|
Value
|
|
|
Materials-1.46%
|
|||
|
Air Products and Chemicals, Inc.
|
|
175
|
$51,606
|
|
Albemarle Corp.
|
|
102
|
11,999
|
|
Amcor PLC(c)
|
|
400
|
17,952
|
|
Avery Dennison Corp.
|
|
66
|
11,202
|
|
Ball Corp.
|
|
230
|
14,927
|
|
CF Industries Holdings, Inc.
|
|
133
|
16,650
|
|
Corteva, Inc.
|
|
528
|
41,559
|
|
CRH PLC
|
|
527
|
50,070
|
|
Dow, Inc.
|
|
624
|
18,901
|
|
Ecolab, Inc.
|
|
200
|
55,526
|
|
Freeport-McMoRan, Inc.
|
|
1,132
|
70,897
|
|
International Flavors & Fragrances, Inc.
|
|
221
|
17,508
|
|
International Paper Co.
|
|
458
|
18,700
|
|
Linde PLC
|
|
365
|
174,609
|
|
LyondellBasell Industries N.V., Class A
|
|
223
|
13,844
|
|
Martin Marietta Materials, Inc.
|
|
52
|
27,307
|
|
Mosaic Co. (The)
|
|
283
|
6,260
|
|
Newmont Corp.
|
|
842
|
78,904
|
|
Nucor Corp.
|
|
180
|
46,312
|
|
Packaging Corp. of America
|
|
77
|
18,930
|
|
PPG Industries, Inc.
|
|
193
|
21,330
|
|
Sherwin-Williams Co. (The)
|
|
181
|
61,694
|
|
Smurfit WestRock PLC
|
|
454
|
20,870
|
|
Steel Dynamics, Inc.
|
|
117
|
29,398
|
|
Vulcan Materials Co.
|
|
112
|
30,080
|
|
|
|
|
927,035
|
|
Real Estate-1.56%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
139
|
7,152
|
|
American Tower Corp.
|
|
368
|
63,797
|
|
AvalonBay Communities, Inc.
|
|
120
|
22,273
|
|
BXP, Inc.
|
|
128
|
8,975
|
|
Camden Property Trust
|
|
89
|
9,862
|
|
CBRE Group, Inc., Class A(b)
|
|
253
|
37,143
|
|
CoStar Group, Inc.(b)
|
|
353
|
10,152
|
|
Crown Castle, Inc.
|
|
378
|
28,841
|
|
Digital Realty Trust, Inc.
|
|
273
|
51,466
|
|
Equinix, Inc.
|
|
79
|
80,523
|
|
Equity Residential
|
|
295
|
19,603
|
|
Essex Property Trust, Inc.
|
|
56
|
15,912
|
|
Extra Space Storage, Inc.
|
|
183
|
27,091
|
|
Federal Realty Investment Trust
|
|
70
|
8,686
|
|
Healthpeak Properties, Inc.
|
|
597
|
13,033
|
|
Host Hotels & Resorts, Inc.
|
|
551
|
13,847
|
|
Invitation Homes, Inc.
|
|
473
|
14,058
|
|
Iron Mountain, Inc.
|
|
257
|
31,436
|
|
Kimco Realty Corp.
|
|
584
|
14,880
|
|
Mid-America Apartment Communities, Inc.
|
|
101
|
13,366
|
|
Prologis, Inc.
|
|
734
|
106,144
|
|
Public Storage
|
|
132
|
42,790
|
|
Realty Income Corp.
|
|
734
|
46,881
|
|
Regency Centers Corp.
|
|
143
|
11,482
|
|
SBA Communications Corp., Class A
|
|
92
|
16,650
|
|
Simon Property Group, Inc.
|
|
255
|
58,489
|
|
UDR, Inc.
|
|
256
|
9,769
|
|
Ventas, Inc.
|
|
383
|
35,814
|
|
VICI Properties, Inc.
|
|
946
|
24,927
|
|
Welltower, Inc.
|
|
556
|
130,349
|
|
Weyerhaeuser Co.
|
|
624
|
15,619
|
|
|
|
|
991,010
|
|
Utilities-1.78%
|
|||
|
AES Corp. (The)
|
|
617
|
9,058
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Alliant Energy Corp.
|
|
223
|
$15,784
|
|
Ameren Corp.
|
|
239
|
26,197
|
|
American Electric Power Co., Inc.
|
|
429
|
54,848
|
|
American Water Works Co., Inc.
|
|
169
|
22,675
|
|
Atmos Energy Corp.
|
|
144
|
24,880
|
|
CenterPoint Energy, Inc.
|
|
566
|
23,795
|
|
CMS Energy Corp.
|
|
267
|
19,221
|
|
Consolidated Edison, Inc.
|
|
289
|
31,458
|
|
Constellation Energy Corp.
|
|
251
|
65,950
|
|
Dominion Energy, Inc.
|
|
694
|
48,004
|
|
DTE Energy Co.
|
|
180
|
25,537
|
|
Duke Energy Corp.
|
|
613
|
76,889
|
|
Edison International
|
|
333
|
24,432
|
|
Entergy Corp.
|
|
361
|
38,851
|
|
Evergy, Inc.
|
|
199
|
16,519
|
|
Eversource Energy
|
|
325
|
23,267
|
|
Exelon Corp.
|
|
806
|
36,931
|
|
FirstEnergy Corp.
|
|
450
|
21,739
|
|
NextEra Energy, Inc.
|
|
1,643
|
142,809
|
|
NiSource, Inc.
|
|
415
|
18,438
|
|
NRG Energy, Inc.
|
|
183
|
24,575
|
|
PG&E Corp.
|
|
1,906
|
33,126
|
|
Pinnacle West Capital Corp.
|
|
107
|
10,806
|
|
PPL Corp.
|
|
651
|
22,922
|
|
Public Service Enterprise Group, Inc.
|
|
431
|
33,049
|
|
Sempra
|
|
516
|
45,692
|
|
Southern Co. (The)
|
|
889
|
84,046
|
|
Vistra Corp.
|
|
250
|
37,047
|
|
WEC Energy Group, Inc.
|
|
282
|
30,856
|
|
Xcel Energy, Inc.
|
|
492
|
38,474
|
|
|
|
|
1,127,875
|
|
Total Common Stocks & Other Equity Interests
(Cost $51,632,245)
|
51,202,363
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-15.30%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(f)
(Cost $9,712,588)
|
|
9,712,588
|
$9,712,588
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-95.98%
(Cost $61,344,833)
|
60,914,951
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.15%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(f)(g)
|
|
26,107
|
26,107
|
|
Invesco Private Prime Fund, 3.82%(d)(f)(g)
|
|
67,856
|
67,863
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $93,969)
|
93,970
|
||
|
TOTAL INVESTMENTS IN SECURITIES-96.13%
(Cost $61,438,802)
|
61,008,921
|
||
|
OTHER ASSETS LESS LIABILITIES-3.87%
|
2,453,459
|
||
|
NET ASSETS-100.00%
|
$63,462,380
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco Ltd.
|
$9,622
|
$43,673
|
$(43,729
)
|
$(835
)
|
$2,635
|
$11,366
|
$231
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
|
16,335,707
|
263,518,526
|
(270,141,645
)
|
-
|
-
|
9,712,588
|
467,267
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$44,090
|
$702,357
|
$(720,340
)
|
$-
|
$-
|
$26,107
|
$7,561
*
|
|
Invesco Private Prime
Fund
|
114,713
|
1,638,258
|
(1,685,076
)
|
13
|
(45
)
|
67,863
|
2,457
*
|
|
Total
|
$16,504,132
|
$265,902,814
|
$(272,590,790
)
|
$(822
)
|
$2,590
|
$9,817,924
|
$477,516
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Equity Risk
|
|
|
|
|
|
|
CBOE Volatility Index
|
204
|
August-2026
|
$3,693,338
|
$(119,867
)
|
$(119,867
)
|
|
CBOE Volatility Index
|
136
|
September-2026
|
2,617,986
|
(57,077
)
|
(57,077
)
|
|
E-Mini S&P 500 Index
|
16
|
September-2026
|
6,015,400
|
55,564
|
55,564
|
|
Total Futures Contracts
|
$(121,380
)
|
$(121,380
)
|
|||
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-73.43%
|
|||
|
Advertising-0.28%
|
|||
|
Omnicom Group, Inc.
|
|
19,780
|
$1,556,686
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
75,838
|
1,368,118
|
|
|
|
|
2,924,804
|
|
Aerospace & Defense-1.97%
|
|||
|
Axon Enterprise, Inc.(b)
|
|
3,265
|
1,723,137
|
|
Boeing Co. (The)(b)
|
|
7,002
|
1,513,412
|
|
General Dynamics Corp.
|
|
4,286
|
1,643,338
|
|
General Electric Co.
|
|
4,585
|
1,650,921
|
|
Honeywell Aerospace, Inc.(b)
|
|
6,967
|
1,440,358
|
|
Howmet Aerospace, Inc.
|
|
5,859
|
1,653,761
|
|
Huntington Ingalls Industries, Inc.
|
|
5,063
|
1,652,816
|
|
L3Harris Technologies, Inc.
|
|
4,827
|
1,337,369
|
|
Lockheed Martin Corp.
|
|
2,792
|
1,627,010
|
|
Northrop Grumman Corp.
|
|
2,694
|
1,461,441
|
|
RTX Corp.
|
|
8,251
|
1,775,780
|
|
Textron, Inc.
|
|
16,019
|
1,365,780
|
|
TransDigm Group, Inc.
|
|
1,211
|
1,519,054
|
|
|
|
|
20,364,177
|
|
Agricultural & Farm Machinery-0.15%
|
|||
|
Deere & Co.
|
|
2,610
|
1,546,869
|
|
Agricultural Products & Services-0.26%
|
|||
|
Archer-Daniels-Midland Co.
|
|
17,999
|
1,426,781
|
|
Bunge Global S.A.
|
|
11,417
|
1,212,828
|
|
|
|
|
2,639,609
|
|
Air Freight & Logistics-0.54%
|
|||
|
C.H. Robinson Worldwide, Inc.
|
|
7,914
|
1,169,135
|
|
Expeditors International of Washington,
Inc.
|
|
8,887
|
1,492,038
|
|
FedEx Corp.
|
|
4,577
|
1,406,970
|
|
United Parcel Service, Inc., Class B
|
|
14,167
|
1,476,485
|
|
|
|
|
5,544,628
|
|
Apparel Retail-0.29%
|
|||
|
Ross Stores, Inc.
|
|
6,313
|
1,585,005
|
|
TJX Cos., Inc. (The)
|
|
8,722
|
1,372,319
|
|
|
|
|
2,957,324
|
|
Apparel, Accessories & Luxury Goods-0.44%
|
|||
|
lululemon Athletica, Inc.(b)
|
|
12,297
|
1,461,744
|
|
Ralph Lauren Corp.
|
|
3,884
|
1,477,241
|
|
Tapestry, Inc.
|
|
10,378
|
1,581,296
|
|
|
|
|
4,520,281
|
|
Application Software-2.18%
|
|||
|
Adobe, Inc.(b)
|
|
6,276
|
1,571,573
|
|
AppLovin Corp., Class A(b)
|
|
2,963
|
1,173,052
|
|
Autodesk, Inc.(b)
|
|
6,618
|
1,549,936
|
|
Cadence Design Systems, Inc.(b)
|
|
3,801
|
1,292,416
|
|
Datadog, Inc., Class A(b)
|
|
6,426
|
1,721,975
|
|
Fair Isaac Corp.(b)(c)
|
|
1,203
|
1,350,933
|
|
Intuit, Inc.
|
|
5,146
|
1,626,496
|
|
Palantir Technologies, Inc., Class A(b)
|
|
11,234
|
1,382,456
|
|
PTC, Inc.(b)
|
|
10,834
|
1,486,425
|
|
Roper Technologies, Inc.
|
|
4,384
|
1,718,397
|
|
Salesforce, Inc.
|
|
8,564
|
1,575,947
|
|
Synopsys, Inc.(b)
|
|
3,178
|
1,235,479
|
|
Trimble, Inc.(b)
|
|
28,911
|
1,635,784
|
|
Tyler Technologies, Inc.(b)(c)
|
|
4,830
|
1,495,368
|
|
Workday, Inc., Class A(b)
|
|
10,641
|
1,706,178
|
|
|
|
|
22,522,415
|
|
|
Shares
|
Value
|
|
|
Asset Management & Custody Banks-1.70%
|
|||
|
Ameriprise Financial, Inc.
|
|
3,244
|
$1,770,705
|
|
Ares Management Corp., Class A
|
|
11,400
|
1,460,226
|
|
Bank of New York Mellon Corp. (The)
|
|
10,474
|
1,637,400
|
|
BlackRock, Inc.
|
|
1,456
|
1,587,608
|
|
Blackstone, Inc., Class A
|
|
12,342
|
1,576,691
|
|
Franklin Resources, Inc.
|
|
46,975
|
1,590,574
|
|
Invesco Ltd.(d)
|
|
53,277
|
1,576,999
|
|
KKR & Co., Inc., Class A
|
|
15,395
|
1,561,515
|
|
Northern Trust Corp.
|
|
8,801
|
1,603,454
|
|
State Street Corp.
|
|
9,038
|
1,664,438
|
|
T. Rowe Price Group, Inc.
|
|
13,747
|
1,536,227
|
|
TPG, Inc.(b)(e)
|
|
13,629
|
0
|
|
|
|
|
17,565,837
|
|
Automobile Manufacturers-0.42%
|
|||
|
Ford Motor Co.
|
|
102,307
|
1,501,867
|
|
General Motors Co.
|
|
18,420
|
1,636,801
|
|
Tesla, Inc.(b)
|
|
3,834
|
1,193,179
|
|
|
|
|
4,331,847
|
|
Automotive Parts & Equipment-0.12%
|
|||
|
Aptiv PLC(b)
|
|
22,441
|
1,267,243
|
|
Automotive Retail-0.41%
|
|||
|
AutoZone, Inc.(b)
|
|
462
|
1,393,508
|
|
Carvana Co.(b)
|
|
21,759
|
1,356,891
|
|
O’Reilly Automotive, Inc., Class R(b)
|
|
16,167
|
1,444,521
|
|
|
|
|
4,194,920
|
|
Biotechnology-1.28%
|
|||
|
AbbVie, Inc.
|
|
6,498
|
1,630,608
|
|
Amgen, Inc.
|
|
4,326
|
1,666,202
|
|
Biogen, Inc.(b)
|
|
7,526
|
1,527,402
|
|
Gilead Sciences, Inc.
|
|
12,038
|
1,567,468
|
|
Incyte Corp.(b)
|
|
13,879
|
1,658,818
|
|
Moderna, Inc.(b)(c)
|
|
31,809
|
1,743,769
|
|
Regeneron Pharmaceuticals, Inc.
|
|
2,439
|
1,860,055
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
3,353
|
1,599,716
|
|
|
|
|
13,254,038
|
|
Brewers-0.14%
|
|||
|
Molson Coors Beverage Co., Class B
|
|
35,764
|
1,486,352
|
|
Broadcasting-0.23%
|
|||
|
Fox Corp., Class A(c)
|
|
13,233
|
770,558
|
|
Fox Corp., Class B
|
|
9,229
|
479,354
|
|
Paramount Skydance Corp.(c)
|
|
141,898
|
1,129,508
|
|
|
|
|
2,379,420
|
|
Broadline Retail-0.31%
|
|||
|
Amazon.com, Inc.(b)
|
|
6,144
|
1,668,588
|
|
eBay, Inc.
|
|
13,750
|
1,567,637
|
|
|
|
|
3,236,225
|
|
Building Products-1.13%
|
|||
|
A.O. Smith Corp.
|
|
25,574
|
1,537,765
|
|
Allegion PLC
|
|
11,308
|
1,779,879
|
|
Builders FirstSource, Inc.(b)
|
|
19,605
|
1,302,556
|
|
Carrier Global Corp.
|
|
21,524
|
1,330,399
|
|
Johnson Controls International PLC
|
|
10,502
|
1,540,223
|
|
Lennox International, Inc.
|
|
2,897
|
1,204,804
|
|
Masco Corp.
|
|
20,639
|
1,475,276
|
|
Trane Technologies PLC
|
|
3,255
|
1,480,862
|
|
|
|
|
11,651,764
|
|
|
Shares
|
Value
|
|
|
Cable & Satellite-0.25%
|
|||
|
Charter Communications, Inc.,
Class A(b)(c)
|
|
10,615
|
$1,538,963
|
|
EchoStar Corp., Class A(b)
|
|
12,701
|
1,068,027
|
|
|
|
|
2,606,990
|
|
Cargo Ground Transportation-0.38%
|
|||
|
FedEx Freight Holding Co., Inc.(b)
|
|
8,342
|
1,172,301
|
|
J.B. Hunt Transport Services, Inc.
|
|
5,206
|
1,414,730
|
|
Old Dominion Freight Line, Inc.
|
|
6,197
|
1,314,632
|
|
|
|
|
3,901,663
|
|
Casinos & Gaming-0.40%
|
|||
|
Las Vegas Sands Corp.
|
|
28,798
|
1,407,934
|
|
MGM Resorts International(b)
|
|
31,184
|
1,389,871
|
|
Wynn Resorts Ltd.
|
|
13,895
|
1,379,913
|
|
|
|
|
4,177,718
|
|
Commodity Chemicals-0.26%
|
|||
|
Dow, Inc.
|
|
42,727
|
1,294,201
|
|
LyondellBasell Industries N.V., Class A
|
|
22,457
|
1,394,130
|
|
|
|
|
2,688,331
|
|
Communications Equipment-0.84%
|
|||
|
Arista Networks, Inc.(b)
|
|
9,638
|
1,738,213
|
|
Ciena Corp.(b)
|
|
3,360
|
1,266,888
|
|
Cisco Systems, Inc.
|
|
12,310
|
1,427,837
|
|
F5, Inc.(b)
|
|
3,749
|
1,509,235
|
|
Lumentum Holdings, Inc.(b)
|
|
1,709
|
1,220,124
|
|
Motorola Solutions, Inc.
|
|
3,552
|
1,547,784
|
|
|
|
|
8,710,081
|
|
Computer & Electronics Retail-0.16%
|
|||
|
Best Buy Co., Inc.
|
|
19,338
|
1,668,096
|
|
Construction & Engineering-0.43%
|
|||
|
Comfort Systems USA, Inc.
|
|
857
|
1,482,344
|
|
EMCOR Group, Inc.
|
|
1,886
|
1,503,953
|
|
Quanta Services, Inc.
|
|
2,247
|
1,499,558
|
|
|
|
|
4,485,855
|
|
Construction Machinery & Heavy Transportation Equipment-0.60%
|
|||
|
Caterpillar, Inc.
|
|
1,703
|
1,387,621
|
|
Cummins, Inc.
|
|
2,316
|
1,468,807
|
|
PACCAR, Inc.
|
|
12,833
|
1,702,683
|
|
Westinghouse Air Brake Technologies
Corp.
|
|
5,707
|
1,659,938
|
|
|
|
|
6,219,049
|
|
Construction Materials-0.41%
|
|||
|
CRH PLC
|
|
14,638
|
1,390,756
|
|
Martin Marietta Materials, Inc.
|
|
2,642
|
1,387,420
|
|
Vulcan Materials Co.
|
|
5,370
|
1,442,221
|
|
|
|
|
4,220,397
|
|
Consumer Electronics-0.18%
|
|||
|
Garmin Ltd.
|
|
6,319
|
1,856,396
|
|
Consumer Finance-0.47%
|
|||
|
American Express Co.
|
|
4,676
|
1,572,305
|
|
Capital One Financial Corp.
|
|
8,241
|
1,722,451
|
|
Synchrony Financial
|
|
21,026
|
1,593,561
|
|
|
|
|
4,888,317
|
|
Consumer Staples Merchandise Retail-0.75%
|
|||
|
Costco Wholesale Corp.
|
|
1,494
|
1,422,123
|
|
Dollar General Corp.
|
|
13,299
|
1,689,638
|
|
Dollar Tree, Inc.(b)
|
|
13,257
|
1,686,423
|
|
|
Shares
|
Value
|
|
|
Consumer Staples Merchandise Retail-(continued)
|
|||
|
Target Corp.
|
|
11,437
|
$1,652,532
|
|
Walmart, Inc.
|
|
12,134
|
1,349,301
|
|
|
|
|
7,800,017
|
|
Copper-0.14%
|
|||
|
Freeport-McMoRan, Inc.
|
|
23,559
|
1,475,500
|
|
Data Center REITs-0.29%
|
|||
|
Digital Realty Trust, Inc.
|
|
8,088
|
1,524,750
|
|
Equinix, Inc.
|
|
1,402
|
1,429,030
|
|
|
|
|
2,953,780
|
|
Data Processing & Outsourced Services-0.15%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
9,987
|
1,537,499
|
|
Distillers & Vintners-0.28%
|
|||
|
Brown-Forman Corp., Class B
|
|
55,148
|
1,584,402
|
|
Constellation Brands, Inc., Class A
|
|
10,281
|
1,338,895
|
|
|
|
|
2,923,297
|
|
Distributors-0.18%
|
|||
|
Genuine Parts Co.
|
|
14,859
|
1,848,014
|
|
Diversified Banks-1.22%
|
|||
|
Bank of America Corp.
|
|
26,829
|
1,662,057
|
|
Citigroup, Inc.
|
|
10,967
|
1,452,579
|
|
Fifth Third Bancorp
|
|
27,792
|
1,570,248
|
|
JPMorgan Chase & Co.
|
|
4,736
|
1,666,077
|
|
KeyCorp
|
|
66,555
|
1,503,477
|
|
PNC Financial Services Group, Inc. (The)
|
|
6,295
|
1,572,932
|
|
U.S. Bancorp
|
|
25,749
|
1,622,445
|
|
Wells Fargo & Co.
|
|
17,853
|
1,543,392
|
|
|
|
|
12,593,207
|
|
Diversified Financial Services-0.14%
|
|||
|
Apollo Global Management, Inc.
|
|
11,159
|
1,401,459
|
|
Diversified Support Services-0.29%
|
|||
|
Cintas Corp.
|
|
8,107
|
1,658,935
|
|
Copart, Inc.(b)
|
|
46,646
|
1,358,332
|
|
|
|
|
3,017,267
|
|
Electric Utilities-2.45%
|
|||
|
Alliant Energy Corp.
|
|
20,034
|
1,418,007
|
|
American Electric Power Co., Inc.
|
|
11,376
|
1,454,422
|
|
Constellation Energy Corp.
|
|
6,040
|
1,587,010
|
|
Duke Energy Corp.
|
|
11,694
|
1,466,778
|
|
Edison International
|
|
20,463
|
1,501,370
|
|
Entergy Corp.
|
|
13,239
|
1,424,781
|
|
Evergy, Inc.
|
|
17,663
|
1,466,206
|
|
Eversource Energy
|
|
21,150
|
1,514,129
|
|
Exelon Corp.
|
|
32,077
|
1,469,768
|
|
FirstEnergy Corp.
|
|
31,506
|
1,522,055
|
|
NextEra Energy, Inc.
|
|
17,191
|
1,494,242
|
|
NRG Energy, Inc.
|
|
12,128
|
1,628,669
|
|
PG&E Corp.
|
|
87,496
|
1,520,680
|
|
Pinnacle West Capital Corp.(c)
|
|
14,188
|
1,432,846
|
|
PPL Corp.
|
|
41,118
|
1,447,765
|
|
Southern Co. (The)
|
|
15,554
|
1,470,475
|
|
Xcel Energy, Inc.
|
|
18,727
|
1,464,451
|
|
|
|
|
25,283,654
|
|
Electrical Components & Equipment-1.00%
|
|||
|
AMETEK, Inc.
|
|
6,603
|
1,596,011
|
|
Eaton Corp. PLC
|
|
3,894
|
1,616,789
|
|
Emerson Electric Co.
|
|
10,668
|
1,598,280
|
|
Generac Holdings, Inc.(b)
|
|
6,117
|
1,205,722
|
|
|
Shares
|
Value
|
|
|
Electrical Components & Equipment-(continued)
|
|||
|
Hubbell, Inc.
|
|
3,133
|
$1,480,499
|
|
Rockwell Automation, Inc.
|
|
3,318
|
1,592,905
|
|
Vertiv Holdings Co., Class A
|
|
5,202
|
1,256,647
|
|
|
|
|
10,346,853
|
|
Electronic Components-0.37%
|
|||
|
Amphenol Corp., Class A
|
|
9,811
|
1,576,628
|
|
Coherent Corp.(b)
|
|
4,126
|
1,084,684
|
|
Corning, Inc.
|
|
8,697
|
1,202,360
|
|
|
|
|
3,863,672
|
|
Electronic Equipment & Instruments-0.49%
|
|||
|
Keysight Technologies, Inc.(b)
|
|
4,514
|
1,440,327
|
|
Teledyne Technologies, Inc.(b)
|
|
2,440
|
1,599,591
|
|
Zebra Technologies Corp., Class A(b)
|
|
6,747
|
1,982,403
|
|
|
|
|
5,022,321
|
|
Electronic Manufacturing Services-0.39%
|
|||
|
Flex Ltd.(b)
|
|
10,492
|
1,193,465
|
|
Jabil, Inc.
|
|
4,153
|
1,308,402
|
|
TE Connectivity PLC (China)
|
|
7,249
|
1,491,047
|
|
|
|
|
3,992,914
|
|
Environmental & Facilities Services-0.56%
|
|||
|
Republic Services, Inc.
|
|
6,876
|
1,447,742
|
|
Rollins, Inc.
|
|
30,618
|
1,162,565
|
|
Veralto Corp.
|
|
17,706
|
1,667,374
|
|
Waste Management, Inc.
|
|
6,520
|
1,477,106
|
|
|
|
|
5,754,787
|
|
Fertilizers & Agricultural Chemicals-0.47%
|
|||
|
CF Industries Holdings, Inc.
|
|
13,393
|
1,676,669
|
|
Corteva, Inc.
|
|
19,645
|
1,546,258
|
|
Mosaic Co. (The)
|
|
73,815
|
1,632,788
|
|
|
|
|
4,855,715
|
|
Financial Exchanges & Data-1.31%
|
|||
|
Cboe Global Markets, Inc.
|
|
4,856
|
1,506,477
|
|
CME Group, Inc., Class A
|
|
5,540
|
1,483,556
|
|
Coinbase Global, Inc., Class A(b)
|
|
9,507
|
1,390,494
|
|
FactSet Research Systems, Inc.(c)
|
|
5,871
|
1,545,247
|
|
Intercontinental Exchange, Inc.
|
|
10,418
|
1,588,537
|
|
Moody’s Corp.
|
|
3,244
|
1,551,865
|
|
MSCI, Inc.
|
|
2,399
|
1,372,804
|
|
Nasdaq, Inc.
|
|
16,876
|
1,589,550
|
|
S&P Global, Inc.
|
|
3,602
|
1,483,772
|
|
|
|
|
13,512,302
|
|
Food Distributors-0.15%
|
|||
|
Sysco Corp.
|
|
18,628
|
1,587,851
|
|
Food Retail-0.26%
|
|||
|
Casey’s General Stores, Inc.
|
|
1,598
|
1,391,858
|
|
Kroger Co. (The)
|
|
22,698
|
1,310,583
|
|
|
|
|
2,702,441
|
|
Footwear-0.26%
|
|||
|
Deckers Outdoor Corp.(b)
|
|
13,157
|
1,274,650
|
|
NIKE, Inc., Class B
|
|
33,285
|
1,388,318
|
|
|
|
|
2,662,968
|
|
Gas Utilities-0.14%
|
|||
|
Atmos Energy Corp.
|
|
8,643
|
1,493,338
|
|
Gold-0.14%
|
|||
|
Newmont Corp.
|
|
15,769
|
1,477,713
|
|
|
Shares
|
Value
|
|
|
Health Care Distributors-0.61%
|
|||
|
Cardinal Health, Inc.
|
|
6,762
|
$1,555,463
|
|
Cencora, Inc.
|
|
5,198
|
1,618,345
|
|
Henry Schein, Inc.(b)
|
|
18,555
|
1,591,091
|
|
McKesson Corp.
|
|
1,855
|
1,588,233
|
|
|
|
|
6,353,132
|
|
Health Care Equipment-2.28%
|
|||
|
Abbott Laboratories
|
|
16,406
|
1,734,114
|
|
Baxter International, Inc.(c)
|
|
72,027
|
1,884,226
|
|
Becton, Dickinson and Co.
|
|
9,901
|
1,639,804
|
|
Boston Scientific Corp.(b)
|
|
30,259
|
1,414,003
|
|
Dexcom, Inc.(b)
|
|
19,568
|
1,632,950
|
|
Edwards Lifesciences Corp.(b)
|
|
17,016
|
1,464,567
|
|
GE HealthCare Technologies, Inc.
|
|
22,937
|
1,560,175
|
|
IDEXX Laboratories, Inc.(b)
|
|
2,623
|
1,466,441
|
|
Insulet Corp.(b)
|
|
9,705
|
1,604,722
|
|
Intuitive Surgical, Inc.(b)
|
|
3,549
|
1,253,968
|
|
Medtronic PLC
|
|
18,232
|
1,556,830
|
|
ResMed, Inc.(c)
|
|
7,565
|
1,596,064
|
|
STERIS PLC
|
|
7,031
|
1,605,880
|
|
Stryker Corp.
|
|
4,741
|
1,544,144
|
|
Zimmer Biomet Holdings, Inc.
|
|
16,596
|
1,558,862
|
|
|
|
|
23,516,750
|
|
Health Care Facilities-0.32%
|
|||
|
HCA Healthcare, Inc.
|
|
3,915
|
1,576,140
|
|
Universal Health Services, Inc., Class B
|
|
10,096
|
1,700,570
|
|
|
|
|
3,276,710
|
|
Health Care REITs-0.60%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
27,965
|
1,438,799
|
|
Healthpeak Properties, Inc.
|
|
71,472
|
1,560,234
|
|
Ventas, Inc.
|
|
17,345
|
1,621,931
|
|
Welltower, Inc.
|
|
6,928
|
1,624,200
|
|
|
|
|
6,245,164
|
|
Health Care Services-0.78%
|
|||
|
Cigna Group (The)
|
|
4,941
|
1,378,786
|
|
CVS Health Corp.
|
|
14,918
|
1,557,887
|
|
DaVita, Inc.(b)
|
|
7,369
|
1,769,223
|
|
Labcorp Holdings, Inc.
|
|
5,446
|
1,683,903
|
|
Quest Diagnostics, Inc.
|
|
7,175
|
1,671,847
|
|
|
|
|
8,061,646
|
|
Health Care Supplies-0.44%
|
|||
|
Align Technology, Inc.(b)
|
|
8,584
|
1,452,069
|
|
Cooper Cos., Inc. (The)(b)
|
|
21,608
|
1,562,691
|
|
Solventum Corp.(b)
|
|
18,071
|
1,543,986
|
|
|
|
|
4,558,746
|
|
Health Care Technology-0.18%
|
|||
|
Veeva Systems, Inc., Class A(b)
|
|
8,936
|
1,820,978
|
|
Heavy Electrical Equipment-0.16%
|
|||
|
GE Vernova, Inc.
|
|
1,683
|
1,666,658
|
|
Home Improvement Retail-0.28%
|
|||
|
Home Depot, Inc. (The)
|
|
4,582
|
1,521,041
|
|
Lowe’s Cos., Inc.
|
|
6,765
|
1,405,834
|
|
|
|
|
2,926,875
|
|
Homebuilding-0.56%
|
|||
|
D.R. Horton, Inc.
|
|
9,970
|
1,426,308
|
|
Lennar Corp., Class A
|
|
16,285
|
1,341,070
|
|
|
Shares
|
Value
|
|
|
Homebuilding-(continued)
|
|||
|
NVR, Inc.(b)
|
|
237
|
$1,456,851
|
|
PulteGroup, Inc.
|
|
12,341
|
1,560,766
|
|
|
|
|
5,784,995
|
|
Homefurnishing Retail-0.16%
|
|||
|
Williams-Sonoma, Inc.
|
|
7,068
|
1,616,169
|
|
Hotel & Resort REITs-0.15%
|
|||
|
Host Hotels & Resorts, Inc.
|
|
61,079
|
1,534,915
|
|
Hotels, Resorts & Cruise Lines-1.26%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
11,329
|
1,716,570
|
|
Booking Holdings, Inc.
|
|
9,103
|
1,755,969
|
|
Carnival Corp. Ltd.
|
|
56,284
|
1,565,258
|
|
Expedia Group, Inc.
|
|
6,684
|
1,970,042
|
|
Hilton Worldwide Holdings, Inc.
|
|
4,320
|
1,384,517
|
|
Marriott International, Inc., Class A
|
|
3,791
|
1,413,399
|
|
Norwegian Cruise Line Holdings Ltd.(b)(c)
|
|
81,634
|
1,512,678
|
|
Royal Caribbean Cruises Ltd.
|
|
5,444
|
1,732,825
|
|
|
|
|
13,051,258
|
|
Household Products-0.71%
|
|||
|
Church & Dwight Co., Inc.
|
|
14,894
|
1,471,676
|
|
Clorox Co. (The)
|
|
14,730
|
1,407,157
|
|
Colgate-Palmolive Co.
|
|
16,268
|
1,485,269
|
|
Kimberly-Clark Corp.
|
|
14,403
|
1,574,392
|
|
Procter & Gamble Co. (The)
|
|
9,821
|
1,419,036
|
|
|
|
|
7,357,530
|
|
Human Resource & Employment Services-0.33%
|
|||
|
Automatic Data Processing, Inc.
|
|
6,335
|
1,688,024
|
|
Paychex, Inc.
|
|
14,471
|
1,690,792
|
|
|
|
|
3,378,816
|
|
Independent Power Producers & Energy Traders-0.29%
|
|||
|
AES Corp. (The)
|
|
99,993
|
1,467,897
|
|
Vistra Corp.
|
|
10,561
|
1,565,035
|
|
|
|
|
3,032,932
|
|
Industrial Conglomerates-0.32%
|
|||
|
3M Co.
|
|
9,325
|
1,643,811
|
|
Honeywell International, Inc.
|
|
6,990
|
1,698,919
|
|
|
|
|
3,342,730
|
|
Industrial Gases-0.28%
|
|||
|
Air Products and Chemicals, Inc.
|
|
5,285
|
1,558,494
|
|
Linde PLC
|
|
2,874
|
1,374,864
|
|
|
|
|
2,933,358
|
|
Industrial Machinery & Supplies & Components-1.82%
|
|||
|
Dover Corp.
|
|
6,841
|
1,399,805
|
|
Fortive Corp.
|
|
24,361
|
1,442,415
|
|
IDEX Corp.
|
|
6,815
|
1,570,517
|
|
Illinois Tool Works, Inc.
|
|
5,844
|
1,676,936
|
|
Ingersoll Rand, Inc.
|
|
20,761
|
1,731,052
|
|
Nordson Corp.
|
|
5,248
|
1,562,750
|
|
Otis Worldwide Corp.
|
|
20,995
|
1,510,590
|
|
Parker-Hannifin Corp.
|
|
1,667
|
1,627,876
|
|
Pentair PLC
|
|
20,494
|
1,341,127
|
|
Snap-on, Inc.
|
|
3,865
|
1,586,235
|
|
Stanley Black & Decker, Inc.
|
|
18,885
|
1,786,143
|
|
Xylem, Inc.
|
|
13,662
|
1,598,044
|
|
|
|
|
18,833,490
|
|
Industrial REITs-0.14%
|
|||
|
Prologis, Inc.
|
|
10,034
|
1,451,017
|
|
|
Shares
|
Value
|
|
|
Insurance Brokers-0.82%
|
|||
|
Aon PLC, Class A
|
|
4,357
|
$1,570,916
|
|
Arthur J. Gallagher & Co.
|
|
6,650
|
1,658,643
|
|
Brown & Brown, Inc.
|
|
24,315
|
1,711,776
|
|
Marsh & McLennan Cos., Inc.
|
|
8,750
|
1,659,788
|
|
Willis Towers Watson PLC
|
|
5,538
|
1,860,325
|
|
|
|
|
8,461,448
|
|
Integrated Oil & Gas-0.43%
|
|||
|
Chevron Corp.
|
|
7,707
|
1,517,003
|
|
ExxonMobil Holdings Corp.
|
|
9,711
|
1,509,478
|
|
Occidental Petroleum Corp.
|
|
25,625
|
1,462,419
|
|
|
|
|
4,488,900
|
|
Integrated Telecommunication Services-0.42%
|
|||
|
AT&T, Inc.
|
|
63,028
|
1,465,401
|
|
Comcast Corp., Class A
|
|
61,031
|
1,462,303
|
|
Verizon Communications, Inc.
|
|
31,159
|
1,458,553
|
|
|
|
|
4,386,257
|
|
Interactive Home Entertainment-0.31%
|
|||
|
Electronic Arts, Inc.
|
|
7,195
|
1,509,943
|
|
Take-Two Interactive Software, Inc.(b)
|
|
6,956
|
1,689,751
|
|
|
|
|
3,199,694
|
|
Interactive Media & Services-0.28%
|
|||
|
Alphabet, Inc., Class A
|
|
2,280
|
811,977
|
|
Alphabet, Inc., Class C
|
|
1,844
|
657,662
|
|
Meta Platforms, Inc., Class A
|
|
2,562
|
1,426,291
|
|
|
|
|
2,895,930
|
|
Internet Services & Infrastructure-0.41%
|
|||
|
Akamai Technologies, Inc.(b)
|
|
11,254
|
1,296,236
|
|
GoDaddy, Inc., Class A(b)
|
|
18,225
|
1,507,936
|
|
VeriSign, Inc.
|
|
5,081
|
1,473,592
|
|
|
|
|
4,277,764
|
|
Investment Banking & Brokerage-0.91%
|
|||
|
Charles Schwab Corp. (The)
|
|
16,389
|
1,724,778
|
|
Goldman Sachs Group, Inc. (The)
|
|
1,469
|
1,496,000
|
|
Interactive Brokers Group, Inc., Class A
|
|
17,122
|
1,506,565
|
|
Morgan Stanley
|
|
7,077
|
1,489,142
|
|
Raymond James Financial, Inc.
|
|
9,712
|
1,709,118
|
|
Robinhood Markets, Inc., Class A(b)
|
|
16,942
|
1,466,500
|
|
|
|
|
9,392,103
|
|
IT Consulting & Other Services-0.54%
|
|||
|
Accenture PLC, Class A
|
|
8,584
|
1,424,257
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
28,238
|
1,562,973
|
|
Gartner, Inc.(b)
|
|
9,439
|
1,425,478
|
|
International Business Machines Corp.
|
|
5,375
|
1,202,119
|
|
|
|
|
5,614,827
|
|
Leisure Products-0.16%
|
|||
|
Hasbro, Inc.
|
|
17,773
|
1,669,596
|
|
Life & Health Insurance-0.78%
|
|||
|
Aflac, Inc.
|
|
12,492
|
1,592,480
|
|
Globe Life, Inc.
|
|
9,000
|
1,640,250
|
|
MetLife, Inc.
|
|
16,988
|
1,633,056
|
|
Principal Financial Group, Inc.
|
|
13,399
|
1,523,466
|
|
Prudential Financial, Inc.
|
|
13,906
|
1,697,645
|
|
|
|
|
8,086,897
|
|
Life Sciences Tools & Services-1.65%
|
|||
|
Agilent Technologies, Inc.
|
|
11,120
|
1,538,674
|
|
|
Shares
|
Value
|
|
|
Life Sciences Tools & Services-(continued)
|
|||
|
Bio-Techne Corp.
|
|
27,869
|
$2,009,076
|
|
Charles River Laboratories International,
Inc.(b)
|
|
7,847
|
1,824,506
|
|
Danaher Corp.
|
|
7,969
|
1,553,796
|
|
IQVIA Holdings, Inc.(b)
|
|
8,030
|
1,887,211
|
|
Mettler-Toledo International, Inc.(b)
|
|
1,291
|
1,828,443
|
|
Revvity, Inc.
|
|
14,442
|
1,625,014
|
|
Thermo Fisher Scientific, Inc.
|
|
3,030
|
1,740,129
|
|
Waters Corp.(b)
|
|
4,035
|
1,522,446
|
|
West Pharmaceutical Services, Inc.
|
|
4,424
|
1,508,407
|
|
|
|
|
17,037,702
|
|
Managed Health Care-0.55%
|
|||
|
Centene Corp.(b)
|
|
22,395
|
1,393,417
|
|
Elevance Health, Inc.
|
|
3,611
|
1,357,158
|
|
Humana, Inc.
|
|
4,008
|
1,458,351
|
|
UnitedHealth Group, Inc.
|
|
3,587
|
1,486,453
|
|
|
|
|
5,695,379
|
|
Metal, Glass & Plastic Containers-0.17%
|
|||
|
Ball Corp.
|
|
26,731
|
1,734,842
|
|
Movies & Entertainment-0.68%
|
|||
|
Live Nation Entertainment, Inc.(b)
|
|
8,733
|
1,520,677
|
|
Netflix, Inc.(b)
|
|
17,846
|
1,279,737
|
|
TKO Group Holdings, Inc.(c)
|
|
7,085
|
1,288,124
|
|
Walt Disney Co. (The)
|
|
14,834
|
1,426,882
|
|
Warner Bros. Discovery, Inc.(b)
|
|
55,779
|
1,466,988
|
|
|
|
|
6,982,408
|
|
Multi-Family Residential REITs-0.83%
|
|||
|
AvalonBay Communities, Inc.
|
|
7,836
|
1,454,440
|
|
Camden Property Trust
|
|
12,685
|
1,405,625
|
|
Equity Residential
|
|
21,632
|
1,437,446
|
|
Essex Property Trust, Inc.
|
|
5,139
|
1,460,195
|
|
Mid-America Apartment Communities,
Inc.
|
|
10,472
|
1,385,865
|
|
UDR, Inc.
|
|
37,207
|
1,419,819
|
|
|
|
|
8,563,390
|
|
Multi-Sector Holdings-0.15%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
3,020
|
1,544,851
|
|
Multi-Utilities-1.39%
|
|||
|
Ameren Corp.
|
|
13,450
|
1,474,254
|
|
CenterPoint Energy, Inc.
|
|
34,235
|
1,439,239
|
|
CMS Energy Corp.
|
|
19,915
|
1,433,681
|
|
Consolidated Edison, Inc.
|
|
13,592
|
1,479,489
|
|
Dominion Energy, Inc.
|
|
21,907
|
1,515,307
|
|
DTE Energy Co.
|
|
10,014
|
1,420,686
|
|
NiSource, Inc.
|
|
31,378
|
1,394,125
|
|
Public Service Enterprise Group, Inc.
|
|
18,616
|
1,427,475
|
|
Sempra
|
|
16,072
|
1,423,176
|
|
WEC Energy Group, Inc.
|
|
12,831
|
1,403,968
|
|
|
|
|
14,411,400
|
|
Office REITs-0.15%
|
|||
|
BXP, Inc.
|
|
22,347
|
1,566,972
|
|
Oil & Gas Equipment & Services-0.38%
|
|||
|
Baker Hughes Co., Class A
|
|
23,210
|
1,403,973
|
|
Halliburton Co.
|
|
36,827
|
1,187,670
|
|
SLB Ltd.
|
|
26,354
|
1,306,895
|
|
|
|
|
3,898,538
|
|
Oil & Gas Exploration & Production-1.16%
|
|||
|
APA Corp.
|
|
38,499
|
1,436,783
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Exploration & Production-(continued)
|
|||
|
ConocoPhillips
|
|
12,198
|
$1,469,615
|
|
Devon Energy Corp.
|
|
31,397
|
1,416,946
|
|
Diamondback Energy, Inc.
|
|
7,439
|
1,509,745
|
|
EOG Resources, Inc.
|
|
10,423
|
1,549,796
|
|
EQT Corp.
|
|
27,814
|
1,482,208
|
|
Expand Energy Corp.
|
|
16,513
|
1,552,717
|
|
Texas Pacific Land Corp.
|
|
3,896
|
1,568,452
|
|
|
|
|
11,986,262
|
|
Oil & Gas Refining & Marketing-0.51%
|
|||
|
Marathon Petroleum Corp.
|
|
5,554
|
1,757,674
|
|
Phillips 66
|
|
8,048
|
1,703,601
|
|
Valero Energy Corp.
|
|
5,676
|
1,776,020
|
|
|
|
|
5,237,295
|
|
Oil & Gas Storage & Transportation-0.57%
|
|||
|
Kinder Morgan, Inc.
|
|
45,946
|
1,478,542
|
|
ONEOK, Inc.
|
|
16,149
|
1,466,491
|
|
Targa Resources Corp.
|
|
5,372
|
1,452,427
|
|
Williams Cos., Inc. (The)
|
|
20,246
|
1,448,399
|
|
|
|
|
5,845,859
|
|
Other Specialized REITs-0.27%
|
|||
|
Iron Mountain, Inc.
|
|
11,859
|
1,450,593
|
|
VICI Properties, Inc.
|
|
51,488
|
1,356,709
|
|
|
|
|
2,807,302
|
|
Other Specialty Retail-0.30%
|
|||
|
Tractor Supply Co.
|
|
47,544
|
1,462,929
|
|
Ulta Beauty, Inc.(b)
|
|
3,113
|
1,596,440
|
|
|
|
|
3,059,369
|
|
Packaged Foods & Meats-1.16%
|
|||
|
General Mills, Inc.
|
|
43,260
|
1,546,545
|
|
Hershey Co. (The)
|
|
8,286
|
1,450,464
|
|
Hormel Foods Corp.
|
|
60,233
|
1,506,427
|
|
J.M. Smucker Co. (The)
|
|
12,498
|
1,490,512
|
|
Kraft Heinz Co. (The)
|
|
60,827
|
1,572,378
|
|
McCormick & Co., Inc.
|
|
29,447
|
1,498,852
|
|
Mondelez International, Inc., Class A
|
|
22,795
|
1,420,356
|
|
Tyson Foods, Inc., Class A
|
|
26,061
|
1,510,496
|
|
|
|
|
11,996,030
|
|
Paper & Plastic Packaging Products & Materials-0.83%
|
|||
|
Amcor PLC(c)
|
|
38,323
|
1,719,936
|
|
Avery Dennison Corp.
|
|
9,372
|
1,590,710
|
|
International Paper Co.
|
|
45,933
|
1,875,444
|
|
Packaging Corp. of America
|
|
6,752
|
1,659,912
|
|
Smurfit WestRock PLC
|
|
37,559
|
1,726,587
|
|
|
|
|
8,572,589
|
|
Passenger Airlines-0.48%
|
|||
|
Delta Air Lines, Inc.
|
|
19,136
|
1,673,252
|
|
Southwest Airlines Co.
|
|
35,335
|
1,589,015
|
|
United Airlines Holdings, Inc.(b)
|
|
14,230
|
1,726,526
|
|
|
|
|
4,988,793
|
|
Passenger Ground Transportation-0.15%
|
|||
|
Uber Technologies, Inc.(b)
|
|
21,317
|
1,499,864
|
|
Personal Care Products-0.29%
|
|||
|
Estee Lauder Cos., Inc. (The), Class A
|
|
17,128
|
1,437,039
|
|
Kenvue, Inc.
|
|
81,045
|
1,559,306
|
|
|
|
|
2,996,345
|
|
|
Shares
|
Value
|
|
|
Pharmaceuticals-1.05%
|
|||
|
Bristol-Myers Squibb Co.
|
|
26,313
|
$1,718,502
|
|
Eli Lilly and Co.
|
|
1,287
|
1,478,557
|
|
Johnson & Johnson
|
|
6,132
|
1,571,938
|
|
Merck & Co., Inc.
|
|
12,282
|
1,599,116
|
|
Pfizer, Inc.
|
|
57,147
|
1,429,247
|
|
Viatris, Inc.
|
|
92,769
|
1,629,024
|
|
Zoetis, Inc.
|
|
17,997
|
1,390,988
|
|
|
|
|
10,817,372
|
|
Property & Casualty Insurance-1.85%
|
|||
|
Allstate Corp. (The)
|
|
6,546
|
1,728,668
|
|
American International Group, Inc.
|
|
19,523
|
1,534,117
|
|
Arch Capital Group Ltd.(b)
|
|
16,022
|
1,610,692
|
|
Assurant, Inc.
|
|
5,689
|
1,588,312
|
|
Chubb Ltd.
|
|
4,429
|
1,553,162
|
|
Cincinnati Financial Corp.
|
|
8,786
|
1,561,096
|
|
Erie Indemnity Co., Class A(c)
|
|
6,312
|
1,527,756
|
|
Hartford Insurance Group, Inc. (The)
|
|
11,315
|
1,605,712
|
|
Loews Corp.
|
|
13,538
|
1,570,543
|
|
Progressive Corp. (The)
|
|
7,161
|
1,513,979
|
|
Travelers Cos., Inc. (The)
|
|
4,822
|
1,805,164
|
|
W.R. Berkley Corp.
|
|
21,470
|
1,557,434
|
|
|
|
|
19,156,635
|
|
Publishing-0.14%
|
|||
|
News Corp., Class A
|
|
39,362
|
1,084,816
|
|
News Corp., Class B(c)
|
|
12,988
|
406,135
|
|
|
|
|
1,490,951
|
|
Rail Transportation-0.46%
|
|||
|
CSX Corp.
|
|
31,519
|
1,588,557
|
|
Norfolk Southern Corp.
|
|
4,739
|
1,589,840
|
|
Union Pacific Corp.
|
|
5,477
|
1,599,996
|
|
|
|
|
4,778,393
|
|
Real Estate Services-0.27%
|
|||
|
CBRE Group, Inc., Class A(b)
|
|
10,912
|
1,601,991
|
|
CoStar Group, Inc.(b)
|
|
42,739
|
1,229,173
|
|
|
|
|
2,831,164
|
|
Regional Banks-0.76%
|
|||
|
Citizens Financial Group, Inc.
|
|
22,519
|
1,613,486
|
|
Huntington Bancshares, Inc.
|
|
86,872
|
1,480,299
|
|
M&T Bank Corp.
|
|
6,529
|
1,608,027
|
|
Regions Financial Corp.
|
|
51,181
|
1,584,052
|
|
Truist Financial Corp.
|
|
29,407
|
1,524,459
|
|
|
|
|
7,810,323
|
|
Reinsurance-0.16%
|
|||
|
Everest Group Ltd.
|
|
4,354
|
1,629,049
|
|
Research & Consulting Services-0.59%
|
|||
|
Equifax, Inc.
|
|
8,804
|
1,519,746
|
|
Jacobs Solutions, Inc.
|
|
12,010
|
1,620,509
|
|
Leidos Holdings, Inc.
|
|
12,016
|
1,389,050
|
|
Verisk Analytics, Inc.
|
|
7,990
|
1,556,852
|
|
|
|
|
6,086,157
|
|
Restaurants-1.08%
|
|||
|
Chipotle Mexican Grill, Inc.(b)
|
|
48,093
|
1,790,021
|
|
Darden Restaurants, Inc.
|
|
7,180
|
1,461,704
|
|
Domino’s Pizza, Inc.
|
|
4,642
|
1,612,817
|
|
DoorDash, Inc., Class A(b)
|
|
9,687
|
1,900,202
|
|
McDonald’s Corp.
|
|
5,176
|
1,400,833
|
|
|
Shares
|
Value
|
|
|
Restaurants-(continued)
|
|||
|
Starbucks Corp.
|
|
14,812
|
$1,558,963
|
|
Yum! Brands, Inc.
|
|
9,683
|
1,484,210
|
|
|
|
|
11,208,750
|
|
Retail REITs-0.72%
|
|||
|
Federal Realty Investment Trust
|
|
11,835
|
1,468,605
|
|
Kimco Realty Corp.
|
|
57,641
|
1,468,693
|
|
Realty Income Corp.
|
|
23,549
|
1,504,075
|
|
Regency Centers Corp.
|
|
18,267
|
1,466,657
|
|
Simon Property Group, Inc.
|
|
6,869
|
1,575,542
|
|
|
|
|
7,483,572
|
|
Self-Storage REITs-0.28%
|
|||
|
Extra Space Storage, Inc.
|
|
9,773
|
1,446,795
|
|
Public Storage
|
|
4,515
|
1,463,627
|
|
|
|
|
2,910,422
|
|
Semiconductor Materials & Equipment-0.68%
|
|||
|
Applied Materials, Inc.
|
|
2,940
|
1,492,550
|
|
KLA Corp.
|
|
6,847
|
1,251,769
|
|
Lam Research Corp.
|
|
4,543
|
1,331,190
|
|
Qnity Electronics, Inc.
|
|
10,475
|
1,374,110
|
|
Teradyne, Inc.
|
|
4,207
|
1,546,872
|
|
|
|
|
6,996,491
|
|
Semiconductors-1.89%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
3,232
|
1,538,917
|
|
Analog Devices, Inc.
|
|
3,732
|
1,371,174
|
|
Broadcom, Inc.
|
|
3,927
|
1,528,702
|
|
First Solar, Inc.(b)
|
|
5,864
|
1,237,480
|
|
Intel Corp.(b)
|
|
13,673
|
1,233,305
|
|
Marvell Technology, Inc.
|
|
5,791
|
1,086,160
|
|
Microchip Technology, Inc.
|
|
16,643
|
1,236,408
|
|
Micron Technology, Inc.
|
|
1,638
|
1,348,123
|
|
Monolithic Power Systems, Inc.
|
|
991
|
1,413,196
|
|
NVIDIA Corp.
|
|
7,303
|
1,466,077
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
5,123
|
1,173,987
|
|
ON Semiconductor Corp.(b)
|
|
13,275
|
1,083,373
|
|
QUALCOMM, Inc.
|
|
7,654
|
1,129,807
|
|
Skyworks Solutions, Inc.(c)
|
|
20,817
|
1,296,483
|
|
Texas Instruments, Inc.
|
|
5,184
|
1,429,436
|
|
|
|
|
19,572,628
|
|
Single-Family Residential REITs-0.14%
|
|||
|
Invitation Homes, Inc.
|
|
49,236
|
1,463,294
|
|
Soft Drinks & Non-alcoholic Beverages-0.57%
|
|||
|
Coca-Cola Co. (The)
|
|
17,496
|
1,532,475
|
|
Keurig Dr Pepper, Inc.
|
|
46,153
|
1,436,281
|
|
Monster Beverage Corp.(b)
|
|
16,041
|
1,546,032
|
|
PepsiCo, Inc.
|
|
10,143
|
1,415,557
|
|
|
|
|
5,930,345
|
|
Specialty Chemicals-0.86%
|
|||
|
Albemarle Corp.
|
|
9,937
|
1,168,989
|
|
DuPont de Nemours, Inc.
|
|
10,826
|
1,483,162
|
|
Ecolab, Inc.
|
|
5,697
|
1,581,658
|
|
International Flavors & Fragrances, Inc.
|
|
19,703
|
1,560,871
|
|
PPG Industries, Inc.
|
|
12,946
|
1,430,792
|
|
Sherwin-Williams Co. (The)
|
|
4,813
|
1,640,511
|
|
|
|
|
8,865,983
|
|
|
Shares
|
Value
|
|
|
Steel-0.28%
|
|||
|
Nucor Corp.
|
|
5,837
|
$1,501,802
|
|
Steel Dynamics, Inc.
|
|
5,452
|
1,369,869
|
|
|
|
|
2,871,671
|
|
Systems Software-1.07%
|
|||
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
9,031
|
1,723,657
|
|
Fortinet, Inc.(b)
|
|
10,536
|
1,706,305
|
|
Gen Digital, Inc.
|
|
59,420
|
1,631,079
|
|
Microsoft Corp.
|
|
3,676
|
1,708,311
|
|
Oracle Corp.
|
|
7,274
|
944,674
|
|
Palo Alto Networks, Inc.(b)
|
|
5,555
|
1,843,316
|
|
ServiceNow, Inc.(b)
|
|
13,793
|
1,534,195
|
|
|
|
|
11,091,537
|
|
Technology Distributors-0.16%
|
|||
|
CDW Corp.
|
|
11,312
|
1,672,027
|
|
Technology Hardware, Storage & Peripherals-1.32%
|
|||
|
Apple, Inc.
|
|
5,023
|
1,551,655
|
|
Dell Technologies, Inc., Class C
|
|
3,950
|
1,601,212
|
|
Hewlett Packard Enterprise Co.
|
|
32,157
|
1,540,320
|
|
HP, Inc.
|
|
59,251
|
1,615,775
|
|
NetApp, Inc.
|
|
9,102
|
1,624,707
|
|
Sandisk Corp.(b)
|
|
894
|
1,086,058
|
|
Seagate Technology Holdings PLC
|
|
1,800
|
1,541,034
|
|
Super Micro Computer, Inc.(b)(c)
|
|
49,985
|
1,419,574
|
|
Western Digital Corp.
|
|
2,980
|
1,623,623
|
|
|
|
|
13,603,958
|
|
Telecom Tower REITs-0.37%
|
|||
|
American Tower Corp.
|
|
7,605
|
1,318,403
|
|
Crown Castle, Inc.
|
|
15,669
|
1,195,544
|
|
SBA Communications Corp., Class A
|
|
7,056
|
1,276,995
|
|
|
|
|
3,790,942
|
|
Timber REITs-0.15%
|
|||
|
Weyerhaeuser Co.
|
|
60,557
|
1,515,742
|
|
Tobacco-0.28%
|
|||
|
Altria Group, Inc.
|
|
20,001
|
1,366,668
|
|
Philip Morris International, Inc.
(Switzerland)
|
|
7,997
|
1,525,988
|
|
|
|
|
2,892,656
|
|
Trading Companies & Distributors-0.44%
|
|||
|
Fastenal Co.
|
|
31,782
|
1,516,319
|
|
United Rentals, Inc.
|
|
1,379
|
1,488,300
|
|
W.W. Grainger, Inc.
|
|
1,105
|
1,527,353
|
|
|
|
|
4,531,972
|
|
Transaction & Payment Processing Services-1.52%
|
|||
|
Block, Inc., Class A(b)
|
|
21,951
|
1,783,299
|
|
Corpay, Inc.(b)
|
|
4,191
|
1,601,423
|
|
Fidelity National Information Services,
Inc.
|
|
37,541
|
1,680,710
|
|
Fiserv, Inc.(b)
|
|
27,454
|
1,480,869
|
|
Global Payments, Inc.(c)
|
|
23,420
|
1,969,154
|
|
Jack Henry & Associates, Inc.
|
|
11,470
|
1,766,839
|
|
Mastercard, Inc., Class A
|
|
2,986
|
1,711,277
|
|
PayPal Holdings, Inc.
|
|
35,945
|
2,056,413
|
|
Visa, Inc., Class A
|
|
4,528
|
1,657,837
|
|
|
|
|
15,707,821
|
|
Water Utilities-0.15%
|
|||
|
American Water Works Co., Inc.
|
|
11,567
|
1,551,944
|
|
|
Shares
|
Value
|
|
|
Wireless Telecommunication Services-0.13%
|
|||
|
T-Mobile US, Inc.
|
|
7,891
|
$1,362,855
|
|
Total Common Stocks & Other Equity Interests
(Cost $676,121,589)
|
759,184,344
|
||
|
|
|
Principal
Amount
|
|
|
Equity Linked Notes-6.01%
|
|
|
|
|
Diversified Banks-3.26%
|
|
|
|
|
Barclays Bank PLC (Invesco S&P 500
Equal Weight ETF), 154.50%,
08/10/2026(f)
|
|
$1,463,000
|
1,439,931
|
|
Barclays Bank PLC (Invesco S&P 500
Equal Weight ETF), 150.90%,
08/12/2026(f)
|
|
3,244,000
|
3,172,759
|
|
Canadian Imperial Bank of Commerce
(Invesco S&P 500 Equal Weight ETF),
184.50%, 08/06/2026(f)
|
|
2,902,000
|
2,882,615
|
|
Canadian Imperial Bank of Commerce
(Invesco S&P 500 Equal Weight ETF),
182.80%, 08/07/2026(f)
|
|
2,916,000
|
2,881,976
|
|
Citibank, N.A. (Invesco S&P 500 Equal
Weight ETF), 154.64%, 08/28/2026(f)
|
|
3,227,000
|
3,227,000
|
|
J.P. Morgan Cahse Bank, N.A. (Invesco
S&P 500 Equal Weight ETF), 156.70%,
08/07/2026(f)
|
|
2,650,000
|
2,620,598
|
|
JPMorgan Chase & Co. (Invesco S&P 500
Equal Weight ETF), 158.67%,
08/27/2026(f)
|
|
3,524,000
|
3,540,446
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 131.90%,
08/11/2026(f)
|
|
3,851,000
|
3,809,694
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 162.01%,
08/20/2026(f)
|
|
3,942,000
|
3,900,763
|
|
Societe Generale S.A. (Invesco S&P 500
Equal Weight ETF), 150.61%,
08/21/2026(f)
|
|
2,594,000
|
2,580,392
|
|
Toronto-Dominion Bank (The) (Invesco
S&P 500 Equal Weight ETF), 150.25%,
08/24/2026(f)
|
|
3,626,000
|
3,656,734
|
|
|
|
|
33,712,908
|
|
Investment Banking & Brokerage-
2.75%
|
|
|
|
|
Goldman Sachs Group, Inc. (The) (Invesco
S&P 500 Equal Weight ETF), 140.00%,
08/13/2026(f)
|
|
3,930,000
|
3,892,119
|
|
Goldman Sachs Group, Inc. (The) (Invesco
S&P 500 Equal Weight ETF), 137.13%,
08/25/2026(f)
|
|
2,734,000
|
2,731,591
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 166.03%,
08/06/2026(f)
|
|
2,502,000
|
2,453,244
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 133.26%,
08/10/2026(f)
|
|
3,025,000
|
3,003,132
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 159.23%,
08/14/2026(f)
|
|
4,307,000
|
4,254,020
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 140.39%,
08/17/2026(f)
|
|
2,738,000
|
2,690,205
|
|
|
|
Principal
Amount
|
Value
|
|
Investment Banking & Brokerage-
(continued)
|
|
|
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 140.17%,
08/18/2026(f)
|
|
$3,637,000
|
$3,570,588
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 150.49%,
08/19/2026(f)
|
|
2,753,000
|
2,713,514
|
|
Morgan Stanley Finance LLC (Invesco
S&P 500 Equal Weight ETF), 161.19%,
08/26/2026(f)
|
|
3,082,000
|
3,120,500
|
|
|
|
|
28,428,913
|
|
Total Equity Linked Notes
(Cost $62,647,000)
|
62,141,821
|
||
|
|
Shares
|
|
|
|
Money Market Funds-20.00%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(d)(g)
(Cost $206,766,764)
|
|
206,766,764
|
206,766,764
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.44%
(Cost $945,535,353)
|
1,028,092,929
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.44%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(g)(h)
|
|
4,149,358
|
$4,149,358
|
|
Invesco Private Prime Fund,
3.82%(d)(g)(h)
|
|
10,783,673
|
10,784,751
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $14,933,945)
|
14,934,109
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.88%
(Cost $960,469,298)
|
1,043,027,038
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.88)%
|
(9,112,421
)
|
||
|
NET ASSETS-100.00%
|
$1,033,914,617
|
||
|
Investment Abbreviations:
|
|
|
ETF
|
-Exchange-Traded Fund
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco Ltd.
|
$752,759
|
$969,123
|
$(419,224
)
|
$247,455
|
$26,886
|
$1,576,999
|
$24,600
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
85,547,006
|
223,150,428
|
(101,930,670
)
|
-
|
-
|
206,766,764
|
3,441,299
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
1,948,347
|
57,778,479
|
(55,577,468
)
|
-
|
-
|
4,149,358
|
265,488
*
|
|
Invesco Private Prime Fund
|
5,576,063
|
116,317,351
|
(111,105,381
)
|
294
|
(3,576
)
|
10,784,751
|
293,624
*
|
|
Total
|
$93,824,175
|
$398,215,381
|
$(269,032,743
)
|
$247,749
|
$23,310
|
$223,277,872
|
$4,025,011
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(f)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $62,141,821, which represented 6.01% of the Fund’s Net Assets.
|
|
(g)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(h)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-89.70%
|
|||
|
Advertising-0.44%
|
|||
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
|
7.13% 02/15/2031(b)
|
$
|
31,000
|
$31,995
|
|
7.50% 03/15/2033(b)
|
|
23,000
|
24,128
|
|
|
|
|
56,123
|
|
Aerospace & Defense-2.46%
|
|||
|
TransDigm, Inc.
|
|
|
|
|
6.38% 03/01/2029(b)
|
|
128,000
|
129,700
|
|
4.88% 05/01/2029
|
|
35,000
|
34,407
|
|
6.88% 12/15/2030(b)
|
|
148,000
|
151,811
|
|
|
|
|
315,918
|
|
Alternative Carriers-0.25%
|
|||
|
APLD ComputeCo 2 LLC, 6.75%,
03/15/2031(b)
|
|
33,000
|
32,291
|
|
Application Software-0.78%
|
|||
|
Cloud Software Group LLC
|
|
|
|
|
9.00% 09/30/2029(b)
|
|
34,000
|
33,342
|
|
8.25% 06/30/2032(b)
|
|
53,000
|
50,179
|
|
RD Michigan Property Owner I LLC, 7.50%,
03/30/2045(b)
|
|
17,000
|
16,490
|
|
|
|
|
100,011
|
|
Asset Management & Custody Banks-0.71%
|
|||
|
FS KKR Capital Corp., 6.13%, 01/15/2030
|
|
29,000
|
28,278
|
|
Osaic Holdings, Inc., 6.75%, 08/01/2032(b)
|
|
62,000
|
62,253
|
|
|
|
|
90,531
|
|
Automobile Manufacturers-1.20%
|
|||
|
Allison Transmission, Inc.
|
|
|
|
|
3.75% 01/30/2031(b)
|
|
138,000
|
128,085
|
|
5.88% 12/01/2033(b)
|
|
26,000
|
25,634
|
|
|
|
|
153,719
|
|
Automotive Parts & Equipment-2.99%
|
|||
|
American Axle & Manufacturing, Inc., 5.00%,
10/01/2029(c)
|
|
70,000
|
67,680
|
|
Clarios Global L.P./Clarios US Finance Co.,
6.75%, 02/15/2030(b)
|
|
61,000
|
62,581
|
|
NESCO Holdings II, Inc., 5.50%,
04/15/2029(b)
|
|
196,000
|
194,764
|
|
Phinia, Inc., 6.63%, 10/15/2032(b)
|
|
58,000
|
58,629
|
|
|
|
|
383,654
|
|
Automotive Retail-2.24%
|
|||
|
Advance Auto Parts, Inc.
|
|
|
|
|
3.90% 04/15/2030
|
|
27,000
|
25,272
|
|
7.00% 08/01/2030(b)
|
|
67,000
|
68,707
|
|
Carvana Co., 0.00% PIK Rate, 9.00% Cash
Rate, 06/01/2031(b)(d)
|
|
87,660
|
96,484
|
|
Lithia Motors, Inc.
|
|
|
|
|
5.50% 10/01/2030(b)
|
|
29,000
|
28,604
|
|
4.38% 01/15/2031(b)
|
|
73,000
|
69,159
|
|
|
|
|
288,226
|
|
Broadcasting-1.68%
|
|||
|
Gray Media, Inc., 9.63%, 07/15/2032(b)
|
|
20,000
|
20,230
|
|
Nexstar Media, Inc., 4.75%, 11/01/2028(b)
|
|
70,000
|
68,682
|
|
Paramount Global, 4.95%, 01/15/2031
|
|
71,000
|
65,094
|
|
Univision Communications, Inc., 8.50%,
07/31/2031(b)
|
|
62,000
|
61,908
|
|
|
|
|
215,914
|
|
|
Principal
Amount
|
Value
|
|
|
Cable & Satellite-5.57%
|
|||
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
5.38% 06/01/2029(b)
|
$
|
63,000
|
$61,224
|
|
6.38% 09/01/2029(b)
|
|
56,000
|
55,680
|
|
4.75% 03/01/2030(b)
|
|
135,000
|
126,216
|
|
4.25% 02/01/2031(b)
|
|
132,000
|
116,970
|
|
7.38% 03/01/2031(b)(c)
|
|
57,000
|
56,829
|
|
Directv Financing LLC, 8.88%, 02/01/2030(b)
|
|
60,000
|
61,163
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc., 10.00%, 02/15/2031(b)
|
|
60,000
|
62,753
|
|
EchoStar Corp., 6.75% PIK Rate, 2.00% Cash
Rate, 11/30/2030(d)
|
|
95,000
|
96,468
|
|
Sinclair Television Group, Inc., 8.13%,
02/15/2033(b)
|
|
14,000
|
14,374
|
|
Versant Media Group, Inc., 7.25%,
01/30/2031(b)
|
|
62,000
|
63,961
|
|
|
|
|
715,638
|
|
Casinos & Gaming-2.99%
|
|||
|
Melco Resorts Finance Ltd. (Hong Kong),
5.38%, 12/04/2029(b)
|
|
200,000
|
193,488
|
|
Studio City Finance Ltd. (Macau), 5.00%,
01/15/2029(b)
|
|
200,000
|
190,450
|
|
|
|
|
383,938
|
|
Commercial & Residential Mortgage Finance-2.72%
|
|||
|
Nationstar Mortgage Holdings LLC
|
|
|
|
|
6.50% 08/01/2029(b)
|
|
30,000
|
29,775
|
|
7.13% 02/01/2032(b)
|
|
44,000
|
43,560
|
|
Rocket Cos., Inc.
|
|
|
|
|
6.13% 08/01/2030(b)
|
|
116,000
|
117,004
|
|
6.13% 08/01/2031(b)
|
|
110,000
|
110,562
|
|
Walker & Dunlop, Inc., 6.63%, 04/01/2033(b)
|
|
48,000
|
48,099
|
|
|
|
|
349,000
|
|
Construction & Engineering-0.38%
|
|||
|
AECOM, 6.00%, 08/01/2033(b)
|
|
49,000
|
48,773
|
|
Consumer Finance-4.36%
|
|||
|
Bread Financial Holdings, Inc., 8.38%,
06/15/2035(b)(c)(e)
|
|
26,000
|
26,930
|
|
EZCORP, Inc., 7.38%, 04/01/2032(b)
|
|
166,000
|
173,963
|
|
FirstCash, Inc., 5.63%, 01/01/2030(b)
|
|
133,000
|
131,015
|
|
Navient Corp.
|
|
|
|
|
4.88% 03/15/2028
|
|
16,000
|
15,650
|
|
9.38% 07/25/2030(c)
|
|
23,000
|
23,347
|
|
7.88% 06/15/2032(c)
|
|
67,000
|
62,854
|
|
OneMain Finance Corp.
|
|
|
|
|
4.00% 09/15/2030
|
|
37,000
|
33,947
|
|
7.13% 11/15/2031
|
|
20,000
|
20,280
|
|
6.75% 03/15/2032
|
|
31,000
|
30,889
|
|
7.13% 09/15/2032
|
|
40,000
|
40,469
|
|
|
|
|
559,344
|
|
Diversified Banks-0.53%
|
|||
|
Brundage-Bone Concrete Pumping Holdings,
Inc., 7.50%, 02/01/2032(b)
|
|
66,000
|
67,699
|
|
Saks Global Enterprises LLC, 11.00%,
12/15/2029(f)
|
|
22,350
|
0
|
|
|
|
|
67,699
|
|
Diversified Capital Markets-0.10%
|
|||
|
Icahn Enterprises L.P./Icahn Enterprises
Finance Corp., 10.00%, 11/15/2029(b)
|
|
13,000
|
13,038
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-4.98%
|
|||
|
Freedom Mortgage Holdings LLC, 8.38%,
04/01/2032(b)
|
$
|
31,000
|
$31,160
|
|
Global Aircraft Leasing Co. Ltd. (Cayman
Islands), 8.75%, 09/01/2027(b)
|
|
184,000
|
187,160
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
4.50% 11/15/2029(b)
|
|
65,000
|
63,107
|
|
7.13% 04/30/2031(b)
|
|
52,000
|
53,696
|
|
6.13% 11/01/2032(b)
|
|
66,000
|
65,711
|
|
6.75% 05/01/2033(b)
|
|
79,000
|
80,568
|
|
Phoenix Aviation Capital Ltd. (Ireland), 9.25%,
07/15/2030(b)
|
|
60,000
|
62,170
|
|
Provident Funding Associates L.P./PFG
Finance Corp., 9.75%, 09/15/2029(b)
|
|
93,000
|
96,090
|
|
|
|
|
639,662
|
|
Diversified Support Services-0.25%
|
|||
|
Neptune Bidco US, Inc., 9.29%,
04/15/2029(b)
|
|
31,000
|
31,606
|
|
Electric Utilities-1.38%
|
|||
|
California Buyer Ltd./Atlantica Sustainable
Infrastructure PLC (United Kingdom),
6.38%, 02/15/2032(b)
|
|
50,000
|
49,336
|
|
NRG Energy, Inc., 5.75%, 07/15/2029(b)
|
|
128,000
|
128,004
|
|
|
|
|
177,340
|
|
Electrical Components & Equipment-1.48%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
64,000
|
63,286
|
|
Nissan Motor Acceptance Co. LLC, 6.13%,
09/30/2030(b)
|
|
130,000
|
127,049
|
|
|
|
|
190,335
|
|
Electronic Components-0.59%
|
|||
|
Sensata Technologies, Inc., 3.75%,
02/15/2031(b)
|
|
82,000
|
76,369
|
|
Electronic Manufacturing Services-0.80%
|
|||
|
EMRLD Borrower L.P./Emerald Co-Issuer, Inc.,
6.63%, 12/15/2030(b)
|
|
101,000
|
102,782
|
|
Environmental & Facilities Services-0.97%
|
|||
|
GFL Environmental, Inc., 6.75%,
01/15/2031(b)
|
|
123,000
|
124,642
|
|
Fertilizers & Agricultural Chemicals-0.98%
|
|||
|
FMC Corp., 8.00%, 06/01/2031(b)
|
|
122,000
|
126,242
|
|
Food Distributors-0.19%
|
|||
|
Core & Main L.P., 6.00%, 07/01/2034(b)
|
|
24,000
|
23,888
|
|
Gold-0.51%
|
|||
|
Coeur Mining, Inc., 6.88%, 04/01/2032(b)
|
|
64,000
|
65,564
|
|
Health Care Facilities-0.56%
|
|||
|
Tenet Healthcare Corp.
|
|
|
|
|
6.75% 05/15/2031
|
|
8,000
|
8,164
|
|
5.50% 11/15/2032(b)
|
|
65,000
|
64,042
|
|
|
|
|
72,206
|
|
Health Care REITs-0.63%
|
|||
|
Diversified Healthcare Trust, 4.38%,
03/01/2031
|
|
76,000
|
69,560
|
|
MPT Operating Partnership L.P./MPT Finance
Corp., 8.50%, 02/15/2032(b)
|
|
11,000
|
11,187
|
|
|
|
|
80,747
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Services-0.95%
|
|||
|
CHS/Community Health Systems, Inc.
|
|
|
|
|
5.25% 05/15/2030(b)
|
$
|
36,000
|
$33,267
|
|
4.75% 02/15/2031(b)
|
|
32,000
|
28,569
|
|
DaVita, Inc.
|
|
|
|
|
6.88% 09/01/2032(b)
|
|
29,000
|
29,825
|
|
6.75% 07/15/2033(b)
|
|
29,000
|
29,757
|
|
|
|
|
121,418
|
|
Home Furnishings-1.03%
|
|||
|
Wayfair LLC, 7.75%, 09/15/2030(b)
|
|
126,000
|
132,121
|
|
Hotels, Resorts & Cruise Lines-2.06%
|
|||
|
Marriott Ownership Resorts, Inc., 4.50%,
06/15/2029(b)
|
|
69,000
|
66,554
|
|
VOC Escrow Ltd., 5.00%, 02/15/2028(b)
|
|
199,000
|
198,471
|
|
|
|
|
265,025
|
|
Household Appliances-0.75%
|
|||
|
Whirlpool Corp.
|
|
|
|
|
6.13% 06/15/2030
|
|
28,000
|
25,469
|
|
7.50% 07/01/2031(b)
|
|
71,000
|
70,734
|
|
|
|
|
96,203
|
|
Housewares & Specialties-0.75%
|
|||
|
Newell Brands, Inc., 6.38%, 05/15/2030(c)
|
|
95,000
|
96,102
|
|
Independent Power Producers & Energy Traders-0.88%
|
|||
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
112,000
|
112,623
|
|
Industrial Machinery & Supplies & Components-1.38%
|
|||
|
Enpro, Inc., 6.13%, 06/01/2033(b)
|
|
113,000
|
113,487
|
|
ESAB Corp., 5.63%, 04/01/2031(b)
|
|
64,000
|
63,386
|
|
|
|
|
176,873
|
|
Insurance Brokers-0.24%
|
|||
|
Alliant Holdings Intermediate LLC, 6.50%,
10/01/2031(b)
|
|
31,000
|
31,013
|
|
Integrated Oil & Gas-0.66%
|
|||
|
Petroleos Mexicanos (Mexico), 5.95%,
01/28/2031
|
|
87,000
|
85,272
|
|
Integrated Telecommunication Services-2.94%
|
|||
|
APLD ComputeCo LLC, 9.25%,
12/15/2030(b)
|
|
119,000
|
126,562
|
|
Cipher Compute LLC, 7.13%, 11/15/2030(b)
|
|
31,000
|
31,659
|
|
Core Scientific Finance I LLC, 7.75%,
05/15/2031(b)
|
|
32,000
|
31,374
|
|
ION Platform Finance US, Inc./ION Platform
Finance S.a.r.l., 8.75%, 05/01/2029(b)
|
|
28,000
|
26,113
|
|
Uniti Services LLC, 7.50%, 10/15/2033(b)
|
|
63,000
|
64,441
|
|
WULF Compute LLC, 7.75%, 10/15/2030(b)
|
|
64,000
|
66,551
|
|
Yondr JK 1 LLC, 6.88%, 06/30/2031(b)
|
|
32,000
|
30,509
|
|
|
|
|
377,209
|
|
Internet Services & Infrastructure-0.92%
|
|||
|
CoreWeave, Inc.
|
|
|
|
|
9.25% 06/01/2030(b)(c)
|
|
59,000
|
55,199
|
|
9.00% 02/01/2031(b)(c)
|
|
22,000
|
19,887
|
|
9.75% 10/01/2031(b)
|
|
37,000
|
33,605
|
|
9.63% 07/15/2032(b)
|
|
11,000
|
9,859
|
|
|
|
|
118,550
|
|
Leisure Facilities-0.24%
|
|||
|
Six Flags Entertainment Corp./Six Flags
Theme Parks, Inc./Canada’s Wonderland
Co., 6.63%, 05/01/2032(b)
|
|
31,000
|
31,262
|
|
|
Principal
Amount
|
Value
|
|
|
Managed Health Care-0.71%
|
|||
|
Centene Corp., 2.50%, 03/01/2031
|
$
|
82,000
|
$71,349
|
|
Molina Healthcare, Inc., 3.88%,
11/15/2030(b)
|
|
21,000
|
19,434
|
|
|
|
|
90,783
|
|
Marine Transportation-0.21%
|
|||
|
Danaos Corp. (Greece), 6.88%,
10/15/2032(b)
|
|
27,000
|
27,608
|
|
Metal, Glass & Plastic Containers-0.98%
|
|||
|
Ball Corp., 2.88%, 08/15/2030
|
|
70,000
|
63,340
|
|
Crown Americas LLC, 5.25%, 04/01/2030
|
|
63,000
|
62,906
|
|
|
|
|
126,246
|
|
Movies & Entertainment-1.27%
|
|||
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.05% 03/15/2029
|
|
67,000
|
65,860
|
|
4.28% 03/15/2032
|
|
40,000
|
35,571
|
|
Starz Capital Holdings 1, Inc., 6.00%,
04/15/2030(b)
|
|
64,000
|
61,754
|
|
|
|
|
163,185
|
|
Oil & Gas Drilling-1.00%
|
|||
|
Summit Midstream Holdings LLC, 8.63%,
10/31/2029(b)
|
|
64,000
|
66,500
|
|
Transocean International Ltd., 7.88%,
10/15/2032(b)
|
|
59,000
|
61,491
|
|
|
|
|
127,991
|
|
Oil & Gas Equipment & Services-1.13%
|
|||
|
Oceaneering International, Inc., 6.88%,
07/15/2034(b)
|
|
24,000
|
24,569
|
|
Solaris Energy Infrastructure LLC, 6.38%,
05/15/2031(b)
|
|
59,000
|
57,988
|
|
Tidewater, Inc., 9.13%, 07/15/2030(b)
|
|
59,000
|
63,097
|
|
|
|
|
145,654
|
|
Oil & Gas Exploration & Production-1.69%
|
|||
|
Caturus Energy LLC
|
|
|
|
|
8.50% 02/15/2030(b)
|
|
56,000
|
58,033
|
|
7.13% 05/15/2031(b)
|
|
37,000
|
36,725
|
|
Comstock Resources, Inc., 6.75%,
03/01/2029(b)
|
|
77,000
|
75,871
|
|
Crescent Energy Co., Conv., 2.75%,
03/15/2031(b)
|
|
13,000
|
13,796
|
|
Saturn Oil & Gas, Inc. (Canada), 8.50%,
07/30/2031(b)(c)
|
|
32,000
|
32,108
|
|
|
|
|
216,533
|
|
Oil & Gas Refining & Marketing-2.08%
|
|||
|
CVR Energy, Inc.
|
|
|
|
|
7.50% 02/15/2031(b)
|
|
41,000
|
41,561
|
|
7.88% 02/15/2034(b)
|
|
67,000
|
68,128
|
|
PBF Holding Co. LLC/PBF Finance Corp.,
9.88%, 03/15/2030(b)
|
|
59,000
|
63,235
|
|
Sunoco L.P.
|
|
|
|
|
7.00% 05/01/2029(b)
|
|
68,000
|
69,523
|
|
5.63% 03/15/2031(b)
|
|
25,000
|
24,689
|
|
|
|
|
267,136
|
|
Oil & Gas Storage & Transportation-7.66%
|
|||
|
Excelerate Energy L.P., 8.00%,
05/15/2030(b)
|
|
64,000
|
67,076
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Genesis Energy L.P./Genesis Energy Finance
Corp.
|
|
|
|
|
8.25% 01/15/2029
|
$
|
78,000
|
$80,482
|
|
8.88% 04/15/2030
|
|
43,000
|
44,910
|
|
Global Partners L.P./GLP Finance Corp.,
7.13%, 07/01/2033(b)
|
|
57,000
|
57,762
|
|
Northriver Midstream Finance L.P. (Canada),
6.75%, 07/15/2032(b)
|
|
70,000
|
70,614
|
|
Prairie Acquiror L.P., 9.00%, 08/01/2029(b)
|
|
48,000
|
49,540
|
|
Sunoco L.P./Sunoco Finance Corp., 4.50%,
04/30/2030
|
|
163,000
|
157,338
|
|
Venture Global LNG, Inc.
|
|
|
|
|
9.50% 02/01/2029(b)
|
|
49,000
|
52,472
|
|
7.00% 01/15/2030(b)
|
|
63,000
|
64,032
|
|
8.38% 06/01/2031(b)
|
|
140,000
|
144,803
|
|
Venture Global Plaquemines LNG LLC, 6.13%,
12/15/2030(b)
|
|
192,000
|
195,168
|
|
|
|
|
984,197
|
|
Other Specialized REITs-2.79%
|
|||
|
Iron Mountain, Inc.
|
|
|
|
|
7.00% 02/15/2029(b)
|
|
130,000
|
132,156
|
|
5.25% 07/15/2030(b)
|
|
100,000
|
97,778
|
|
4.50% 02/15/2031(b)
|
|
136,000
|
128,813
|
|
|
|
|
358,747
|
|
Other Specialty Retail-2.32%
|
|||
|
Bath & Body Works, Inc., 6.63%,
10/01/2030(b)
|
|
193,000
|
196,249
|
|
Michaels Cos., Inc. (The), 8.50%,
03/15/2033(b)
|
|
71,000
|
70,384
|
|
Petco Health & Wellness Co., Inc., 8.25%,
02/01/2031(b)
|
|
31,000
|
31,122
|
|
|
|
|
297,755
|
|
Packaged Foods & Meats-0.24%
|
|||
|
Fiesta Purchaser, Inc., 7.88%, 03/01/2031(b)
|
|
31,000
|
31,036
|
|
Paper & Plastic Packaging Products & Materials-0.65%
|
|||
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
8.75% 04/15/2030(b)
|
|
31,000
|
29,655
|
|
6.75% 04/15/2032(b)
|
|
56,000
|
53,374
|
|
|
|
|
83,029
|
|
Paper Products-0.25%
|
|||
|
Magnera Corp., 7.25%, 11/15/2031(b)(c)
|
|
33,000
|
32,321
|
|
Passenger Airlines-2.10%
|
|||
|
American Airlines Pass-Through Trust,
Series B, 5.75%, 05/10/2035
|
|
25,000
|
24,620
|
|
American Airlines, Inc./AAdvantage Loyalty IP
Ltd., 5.75%, 04/20/2029(b)
|
|
91,667
|
91,247
|
|
United Airlines Holdings, Inc., 5.38%,
03/01/2031
|
|
156,000
|
154,151
|
|
|
|
|
270,018
|
|
Pharmaceuticals-0.82%
|
|||
|
1261229 BC Ltd., 10.00%, 04/15/2032(b)
|
|
30,000
|
30,692
|
|
Endo Finance Holdings L.P., 8.50%,
04/15/2031(b)
|
|
71,000
|
74,819
|
|
|
|
|
105,511
|
|
Property & Casualty Insurance-0.89%
|
|||
|
Asurion LLC and Asurion Co-Issuer, Inc.,
8.00%, 12/31/2032(b)
|
|
113,000
|
114,405
|
|
|
Principal
Amount
|
Value
|
|
|
Real Estate Development-1.12%
|
|||
|
Cushman & Wakefield U.S. Borrower LLC,
8.88%, 09/01/2031(b)
|
$
|
71,000
|
$74,305
|
|
Greystar Real Estate Partners LLC, 7.75%,
09/01/2030(b)
|
|
67,000
|
69,400
|
|
|
|
|
143,705
|
|
Regional Banks-0.25%
|
|||
|
Veritiv Operating Co., 10.50%,
11/30/2030(b)
|
|
31,000
|
31,843
|
|
Research & Consulting Services-0.27%
|
|||
|
Clarivate Science Holdings Corp., 4.88%,
07/01/2029(b)
|
|
37,000
|
34,106
|
|
Security & Alarm Services-0.51%
|
|||
|
Brink’s Co. (The), 6.75%, 06/15/2032(b)
|
|
64,000
|
65,389
|
|
Specialized Consumer Services-0.52%
|
|||
|
Carriage Services, Inc., 4.25%,
05/15/2029(b)
|
|
70,000
|
66,413
|
|
Specialized Finance-0.79%
|
|||
|
TrueNoord Capital DAC (Ireland), 8.75%,
03/01/2030(b)
|
|
97,000
|
100,928
|
|
Specialty Chemicals-0.50%
|
|||
|
Celanese US Holdings LLC, 7.33%,
07/15/2029
|
|
62,000
|
64,496
|
|
Tires & Rubber-0.50%
|
|||
|
Goodyear Tire & Rubber Co. (The), 5.25%,
07/15/2031(c)
|
|
72,000
|
64,021
|
|
Trading Companies & Distributors-0.50%
|
|||
|
FTAI Aviation Investors LLC, 7.00%,
05/01/2031(b)
|
|
62,000
|
63,777
|
|
Water Utilities-0.25%
|
|||
|
S&S Holdings LLC, 8.38%, 10/01/2031(b)
|
|
33,000
|
31,895
|
|
Wireless Telecommunication Services-2.18%
|
|||
|
APLD ComputeCo 3 LLC, 7.00%,
06/15/2031(b)
|
|
66,000
|
64,451
|
|
ELK Grove Village Property LLC, 7.50%,
06/15/2031(b)
|
|
65,000
|
62,692
|
|
Meridian Arc Holdco LLC, 6.25%,
04/30/2031(b)
|
|
65,000
|
62,517
|
|
PR RNO Property Owner 1 LLC, 6.50%,
05/01/2031(b)
|
|
96,000
|
90,513
|
|
|
|
|
280,173
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $11,566,725)
|
11,517,772
|
||
|
Variable Rate Senior Loan Interests-6.34%(g)(h)
|
|||
|
Aerospace & Defense-0.78%
|
|||
|
TransDigm, Inc., Term Loan L, 6.23% (3 mo.
Term SOFR + 2.50%), 01/19/2032
|
|
99,494
|
99,733
|
|
Automotive Parts & Equipment-0.78%
|
|||
|
American Axle & Manufacturing, Inc., Term
Loan B, 6.68% (1 mo. Term SOFR +
3.00%), 12/13/2029
|
|
99,479
|
99,770
|
|
|
Principal
Amount
|
Value
|
|
|
Electronic Manufacturing Services-0.77%
|
|||
|
EMRLD Borrower L.P. (Copeland), Incremental
Term Loan B, 6.07% (3 mo. Term SOFR +
2.25%), 08/04/2031
|
$
|
99,497
|
$99,612
|
|
Marine Transportation-2.13%
|
|||
|
Carrix, Inc.
|
|
|
|
|
Term Loan, - , 07/15/2033(i)
|
|
228,000
|
227,715
|
|
Term Loan, - , 07/15/2033(i)
|
|
46,000
|
45,942
|
|
|
|
|
273,657
|
|
Paper & Plastic Packaging Products & Materials-0.74%
|
|||
|
Flex Acquisition Co., Inc., Term Loan B, 6.98%
(1 mo. Term SOFR + 3.25%), 04/01/2032
|
|
99,497
|
95,269
|
|
Passenger Airlines-0.78%
|
|||
|
AAdvantage Loyality IP Ltd. (American
Airlines, Inc.), Term Loan B, 6.48% (3 mo.
Term SOFR + 3.25%), 05/28/2032
|
|
99,496
|
99,620
|
|
Technology Hardware, Storage & Peripherals-0.36%
|
|||
|
CoreWeave Compute Acquisition Co. VIII LLC,
Delayed Draw Term Loan, 5.95% (1 mo.
Term SOFR + 2.25%), 03/31/2032(f)
|
|
46,000
|
46,115
|
|
Total Variable Rate Senior Loan Interests
(Cost $818,205)
|
813,776
|
||
|
Non-U.S. Dollar Denominated Bonds & Notes-0.86%
|
|||
|
Wireless Telecommunication Services-0.86%
|
|||
|
VMED O2 UK Financing I PLC (United
Kingdom), 4.50%, 07/15/2031(b)
(Cost $113,265)
|
GBP
|
100,000
|
110,419
|
|
|
Shares
|
|
|
|
Money Market Funds-2.27%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(j)(k)
(Cost $291,957)
|
|
291,957
|
291,957
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.17%
(Cost $12,790,152)
|
12,733,924
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-3.84%
|
|||
|
Invesco Private Government Fund,
3.69%(j)(k)(l)
|
|
96,040
|
96,040
|
|
Invesco Private Prime Fund, 3.82%(j)(k)(l)
|
|
396,614
|
396,654
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $492,679)
|
492,694
|
||
|
TOTAL INVESTMENTS IN SECURITIES-103.01%
(Cost $13,282,831)
|
13,226,618
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.01)%
|
(386,477
)
|
||
|
NET ASSETS-100.00%
|
$12,840,141
|
||
|
Investment Abbreviations:
|
|
|
Conv.
|
-Convertible
|
|
GBP
|
-British Pound Sterling
|
|
PIK
|
-Pay-in-Kind
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $9,909,945, which represented 77.18% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest
income in the form of securities.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(g)
|
Variable rate senior loan interests often require prepayments from excess cash flow
or permit the borrower to repay at its election. The degree to which
borrowers repay, whether as a contractual requirement or at their election, cannot
be predicted with accuracy. As a result, the actual remaining maturity may
be substantially less than the stated maturities shown. However, it is anticipated
that the variable rate senior loan interests will have an expected average life of
three to five years.
|
|
(h)
|
Variable rate senior loan interests are, at present, not readily marketable, not registered
under the 1933 Act and may be subject to contractual and legal
restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the Secured
Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not
greater than one year, and/or have interest rates that float at margin above
a widely recognized base lending rate such as the Prime Rate of a designated U.S.
bank.
|
|
(i)
|
This variable rate interest will settle after July 31, 2026, at which time the interest
rate will be determined.
|
|
(j)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$50,248
|
$5,005,293
|
$(4,763,584
)
|
$-
|
$-
|
$291,957
|
$5,849
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
160,468
|
1,489,087
|
(1,553,515
)
|
-
|
-
|
96,040
|
8,995
*
|
|
Invesco Private Prime Fund
|
416,835
|
2,775,204
|
(2,795,343
)
|
19
|
(61
)
|
396,654
|
8,664
*
|
|
Total
|
$627,551
|
$9,269,584
|
$(9,112,442
)
|
$19
|
$(61
)
|
$784,651
|
$23,508
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(k)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(l)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Forward Foreign Currency Contracts
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
10/20/2026
|
State Street Bank & Trust
|
USD
|
113,667
|
GBP
|
85,000
|
$723
|
|
Subtotal—Appreciation
|
723
|
|||||
|
Currency Risk
|
|
|
|
|
|
|
|
10/20/2026
|
State Street Bank & Trust
|
GBP
|
85,000
|
USD
|
113,942
|
(448
)
|
|
10/28/2026
|
State Street Bank & Trust
|
EUR
|
99,000
|
USD
|
113,408
|
(907
)
|
|
Open Forward Foreign Currency Contracts—(continued)
|
||||||
|
Settlement Date
|
Counterparty
|
Contract to
|
Unrealized
Appreciation
(Depreciation)
|
|||
|
Deliver
|
Receive
|
|||||
|
10/28/2026
|
State Street Bank & Trust
|
GBP
|
40,000
|
USD
|
53,491
|
$(341
)
|
|
Subtotal—Depreciation
|
(1,696
)
|
|||||
|
Total Forward Foreign Currency Contracts
|
$(973
)
|
|||||
|
Abbreviations:
|
|
|
EUR
|
-Euro
|
|
GBP
|
-British Pound Sterling
|
|
USD
|
-U.S. Dollar
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-57.98%
|
|||
|
Advertising-0.44%
|
|||
|
Lamar Media Corp., 4.88%, 01/15/2029
|
$
|
514,000
|
$506,948
|
|
Omnicom Group, Inc., 4.20%, 03/02/2029
|
|
28,000
|
27,513
|
|
|
|
|
534,461
|
|
Aerospace & Defense-0.90%
|
|||
|
Boeing Co. (The)
|
|
|
|
|
6.26% 05/01/2027
|
|
9,000
|
9,107
|
|
6.30% 05/01/2029
|
|
8,000
|
8,288
|
|
Honeywell Aerospace, Inc.
|
|
|
|
|
3.90% 03/16/2028(b)
|
|
132,000
|
130,542
|
|
4.00% 03/16/2029(b)
|
|
39,000
|
38,292
|
|
4.30% 03/16/2031(b)
|
|
5,000
|
4,866
|
|
Howmet Aerospace, Inc.
|
|
|
|
|
3.75% 03/03/2028
|
|
39,000
|
38,506
|
|
3.90% 04/15/2029
|
|
10,000
|
9,786
|
|
L3Harris Technologies, Inc., 5.40%,
01/15/2027
|
|
6,000
|
6,028
|
|
Lockheed Martin Corp., 4.15%, 08/15/2028
|
|
6,000
|
5,963
|
|
RTX Corp., 5.75%, 11/08/2026
|
|
8,000
|
8,023
|
|
TransDigm, Inc.
|
|
|
|
|
6.75% 08/15/2028(b)
|
|
12,000
|
12,090
|
|
6.38% 03/01/2029(b)
|
|
810,000
|
820,758
|
|
|
|
|
1,092,249
|
|
Agricultural & Farm Machinery-0.19%
|
|||
|
AGCO Corp., 5.45%, 03/21/2027
|
|
2,000
|
2,009
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
6,000
|
5,999
|
|
Deere Funding Canada Corp., 4.15%,
10/09/2030
|
|
17,000
|
16,585
|
|
John Deere Capital Corp.
|
|
|
|
|
4.38% 10/15/2030(c)
|
|
2,000
|
1,971
|
|
Series I, 4.13% 01/18/2029
|
|
182,000
|
180,461
|
|
Series I, 3.90% 03/09/2029
|
|
24,000
|
23,609
|
|
Series I, 4.20% 03/10/2031
|
|
7,000
|
6,826
|
|
|
|
|
237,460
|
|
Agricultural Products & Services-0.02%
|
|||
|
Cargill, Inc., 4.13%, 10/23/2030(b)
|
|
28,000
|
27,202
|
|
Alternative Carriers-0.11%
|
|||
|
Space Exploration Technologies Corp., 5.35%,
07/15/2031(b)
|
|
137,000
|
133,394
|
|
Apparel Retail-0.31%
|
|||
|
Gap, Inc. (The), 3.63%, 10/01/2029(b)
|
|
404,000
|
380,287
|
|
Apparel, Accessories & Luxury Goods-0.00%
|
|||
|
Gildan Activewear, Inc. (Canada), 4.70%,
10/07/2030(b)
|
|
2,000
|
1,955
|
|
Application Software-0.82%
|
|||
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
4,000
|
3,962
|
|
4.50% 10/15/2029(c)
|
|
5,000
|
4,949
|
|
4.45% 09/15/2030
|
|
1,350
|
1,323
|
|
Salesforce, Inc., 4.50%, 03/15/2028
|
|
301,000
|
300,426
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
694,000
|
693,534
|
|
|
|
|
1,004,194
|
|
Asset Management & Custody Banks-0.10%
|
|||
|
Ares Strategic Income Fund, 4.85%,
01/15/2029
|
|
22,000
|
21,590
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks-(continued)
|
|||
|
Bank of New York Mellon Corp. (The)
|
|
|
|
|
4.33% (SOFR + 0.68%), 06/09/2028(d)
|
$
|
8,000
|
$8,019
|
|
4.44% 06/09/2028(e)
|
|
6,000
|
6,000
|
|
4.03% 01/22/2030(e)
|
|
76,000
|
74,761
|
|
Hercules Capital, Inc., 6.30%, 07/24/2031
|
|
9,000
|
8,888
|
|
Voya Global Funding, 4.60%, 11/24/2030(b)
|
|
5,000
|
4,895
|
|
|
|
|
124,153
|
|
Automobile Manufacturers-3.12%
|
|||
|
Allison Transmission, Inc., 4.75%,
10/01/2027(b)
|
|
781,000
|
779,512
|
|
American Honda Finance Corp.
|
|
|
|
|
4.15% 01/08/2029
|
|
73,000
|
71,890
|
|
Series A, 4.55% 04/10/2028
|
|
43,000
|
42,917
|
|
Series A, 4.80% 07/06/2029
|
|
450,000
|
448,635
|
|
Series A, 4.90% 04/10/2031
|
|
13,000
|
12,822
|
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.95% 01/13/2028(b)
|
|
35,000
|
35,143
|
|
4.15% 01/12/2029(b)
|
|
106,000
|
104,436
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
5.85% 05/17/2027
|
|
447,000
|
450,082
|
|
4.97% 04/06/2029
|
|
351,000
|
346,966
|
|
5.42% 04/09/2031
|
|
200,000
|
196,895
|
|
Honda Motor Co. Ltd. (Japan)
|
|
|
|
|
4.44% 07/08/2028
|
|
11,000
|
10,941
|
|
4.69% 07/08/2030
|
|
52,000
|
51,318
|
|
Hyundai Capital America
|
|
|
|
|
5.30% 03/19/2027(b)
|
|
7,000
|
7,036
|
|
4.88% 06/23/2027(b)
|
|
10,000
|
10,037
|
|
5.00% 01/07/2028(b)
|
|
10,000
|
10,030
|
|
4.60% 04/06/2028(b)
|
|
116,000
|
115,616
|
|
4.50% 06/16/2028(b)
|
|
239,000
|
237,643
|
|
4.25% 09/18/2028(b)
|
|
11,000
|
10,856
|
|
4.25% 01/08/2029(b)
|
|
271,000
|
266,872
|
|
4.75% 04/06/2029(b)
|
|
83,000
|
82,448
|
|
4.75% 06/18/2029(b)
|
|
111,000
|
110,265
|
|
5.30% 01/08/2030(b)
|
|
3,000
|
3,022
|
|
4.50% 09/18/2030(b)
|
|
4,000
|
3,896
|
|
5.00% 06/18/2031(b)
|
|
19,000
|
18,791
|
|
Mercedes-Benz Finance North America LLC
(Germany), 4.13%, 03/10/2028(b)
|
|
195,000
|
193,317
|
|
PACCAR Financial Corp., Series R, 3.90%,
02/05/2029
|
|
85,000
|
83,762
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.55% 08/07/2026
|
|
6,000
|
6,000
|
|
4.55% 08/09/2029
|
|
2,000
|
1,992
|
|
Series B, 4.05% 03/13/2029
|
|
47,000
|
46,367
|
|
Series B, 4.55% 05/14/2031
|
|
48,000
|
47,238
|
|
|
|
|
3,806,745
|
|
Automotive Parts & Equipment-0.48%
|
|||
|
BMW US Capital LLC (Germany)
|
|
|
|
|
4.15% 08/11/2027(b)
|
|
9,000
|
8,977
|
|
4.34% (SOFR + 0.71%), 08/11/2027(b)(d)
|
|
10,000
|
10,033
|
|
4.30% 03/17/2028(b)
|
|
262,000
|
260,516
|
|
4.40% 03/19/2029(b)
|
|
144,000
|
142,467
|
|
4.65% 03/19/2031(b)
|
|
41,000
|
40,110
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Parts & Equipment-(continued)
|
|||
|
ERAC USA Finance LLC
|
|
|
|
|
4.50% 10/30/2029(b)
|
$
|
69,000
|
$68,240
|
|
4.70% 04/30/2031(b)
|
|
42,000
|
41,473
|
|
Phinia, Inc., 6.75%, 04/15/2029(b)
|
|
13,000
|
13,231
|
|
|
|
|
585,047
|
|
Automotive Retail-0.23%
|
|||
|
Asbury Automotive Group, Inc., 4.50%,
03/01/2028
|
|
31,000
|
30,681
|
|
Group 1 Automotive, Inc., 4.00%,
08/15/2028(b)
|
|
212,000
|
204,725
|
|
Lithia Motors, Inc., 5.50%, 10/01/2030(b)
|
|
40,000
|
39,453
|
|
O’Reilly Automotive, Inc., 5.75%,
11/20/2026
|
|
5,000
|
5,016
|
|
|
|
|
279,875
|
|
Biotechnology-0.01%
|
|||
|
AbbVie, Inc., 4.80%, 03/15/2027
|
|
7,000
|
7,019
|
|
Brewers-0.04%
|
|||
|
Maple Parent Holdings Corp., 4.75%,
03/26/2029(b)
|
|
49,000
|
48,818
|
|
Broadline Retail-0.30%
|
|||
|
Amazon.com, Inc., 4.60%, 07/09/2029
|
|
317,000
|
315,974
|
|
eBay, Inc., 4.25%, 03/06/2029
|
|
55,000
|
54,300
|
|
|
|
|
370,274
|
|
Building Products-0.10%
|
|||
|
CRH America Finance, Inc., 4.40%,
02/09/2031
|
|
31,000
|
30,264
|
|
Rentokil Terminix Funding PLC (United
Kingdom), 4.63%, 04/23/2031(b)
|
|
90,000
|
87,543
|
|
|
|
|
117,807
|
|
Cable & Satellite-0.34%
|
|||
|
Sirius XM Radio LLC, 5.00%, 08/01/2027(b)
|
|
418,000
|
417,670
|
|
Cargo Ground Transportation-0.40%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(b)
|
|
135,000
|
132,667
|
|
4.65% 03/15/2031(b)
|
|
23,700
|
23,084
|
|
Penske Truck Leasing Co. L.P./PTL Finance
Corp.
|
|
|
|
|
5.35% 01/12/2027(b)
|
|
3,000
|
3,010
|
|
4.40% 07/01/2027(b)
|
|
11,000
|
10,986
|
|
6.05% 08/01/2028(b)
|
|
8,000
|
8,173
|
|
4.55% 01/15/2031(b)
|
|
5,000
|
4,904
|
|
Ryder System, Inc.
|
|
|
|
|
5.30% 03/15/2027
|
|
9,000
|
9,038
|
|
4.90% 12/01/2029(c)
|
|
2,000
|
2,004
|
|
4.30% 12/01/2030
|
|
28,000
|
27,342
|
|
5.00% 09/15/2031
|
|
264,000
|
262,447
|
|
|
|
|
483,655
|
|
Casinos & Gaming-0.62%
|
|||
|
Las Vegas Sands Corp., 5.30%, 05/15/2031
|
|
15,000
|
14,807
|
|
Melco Resorts Finance Ltd. (Hong Kong),
5.63%, 07/17/2027(b)
|
|
250,000
|
249,481
|
|
Station Casinos LLC, 4.50%, 02/15/2028(b)
|
|
500,000
|
491,933
|
|
|
|
|
756,221
|
|
Coal & Consumable Fuels-0.03%
|
|||
|
Rio Grande LNG LLC, 5.25%, 06/30/2031(b)
|
|
31,000
|
30,627
|
|
|
Principal
Amount
|
Value
|
|
|
Commercial & Residential Mortgage Finance-0.50%
|
|||
|
Aviation Capital Group LLC, 4.25%,
04/30/2029(b)
|
$
|
10,000
|
$9,810
|
|
Nationwide Building Society (United Kingdom),
4.35%, 09/30/2030(b)
|
|
200,000
|
194,390
|
|
Rocket Cos., Inc., 6.13%, 08/01/2030(b)
|
|
404,000
|
407,495
|
|
|
|
|
611,695
|
|
Computer & Electronics Retail-0.11%
|
|||
|
Dell International LLC/EMC Corp., 4.15%,
02/15/2029
|
|
47,000
|
46,304
|
|
Leidos, Inc., 4.10%, 03/15/2029
|
|
94,000
|
92,181
|
|
|
|
|
138,485
|
|
Construction Machinery & Heavy Transportation Equipment-0.51%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
4.21% (SOFR + 0.58%), 11/14/2028(d)
|
|
120,000
|
120,304
|
|
3.75% 02/23/2029
|
|
120,000
|
117,618
|
|
4.13% (SOFR + 0.49%), 02/23/2029(d)
|
|
173,000
|
172,933
|
|
Cummins, Inc., 4.25%, 05/09/2028
|
|
6,000
|
5,980
|
|
SMBC Aviation Capital Finance DAC (Ireland),
4.95%, 07/23/2029(b)
|
|
200,000
|
199,597
|
|
Westinghouse Air Brake Technologies Corp.,
4.90%, 05/29/2030
|
|
3,000
|
2,992
|
|
|
|
|
619,424
|
|
Construction Materials-0.01%
|
|||
|
JH North America Holdings, Inc., 5.88%,
01/31/2031(b)
|
|
7,000
|
6,991
|
|
Consumer Finance-0.38%
|
|||
|
American Express Co.
|
|
|
|
|
4.73% 04/25/2029(e)
|
|
10,000
|
10,010
|
|
4.94% (SOFR + 1.26%), 04/25/2029(d)
|
|
11,000
|
11,128
|
|
4.35% 07/20/2029(e)
|
|
5,000
|
4,972
|
|
4.48% (SOFR + 0.81%), 07/20/2029(d)
|
|
11,000
|
11,054
|
|
4.44% 05/03/2030(e)
|
|
90,000
|
89,120
|
|
Capital One Financial Corp., 7.15%,
10/29/2027(e)
|
|
8,000
|
8,046
|
|
FirstCash, Inc., 4.63%, 09/01/2028(b)
|
|
250,000
|
245,555
|
|
General Motors Financial Co., Inc., 4.20%,
10/27/2028
|
|
80,000
|
79,036
|
|
Synchrony Financial, 5.02%, 07/29/2029(e)
|
|
2,000
|
1,995
|
|
|
|
|
460,916
|
|
Distributors-0.07%
|
|||
|
Genuine Parts Co., 6.50%, 11/01/2028
|
|
78,000
|
80,502
|
|
Diversified Banks-15.18%
|
|||
|
ANZ New Zealand (Int’l) Ltd. (New Zealand),
4.00%, 01/22/2029(b)
|
|
235,000
|
231,441
|
|
ASB Bank Ltd. (New Zealand), 4.16%,
10/29/2030(b)
|
|
227,000
|
220,930
|
|
Banco Bilbao Vizcaya Argentaria S.A. (Spain)
|
|
|
|
|
4.15% 03/03/2029(c)
|
|
400,000
|
393,509
|
|
4.53% (SOFR + 0.88%), 03/03/2029(d)
|
|
400,000
|
401,172
|
|
4.97% 05/08/2031
|
|
200,000
|
197,964
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
4.60% 04/15/2029
|
|
200,000
|
198,437
|
|
5.07% 11/06/2030
|
|
200,000
|
195,508
|
|
4.87% 04/15/2031
|
|
200,000
|
197,015
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Bank of America Corp.
|
|
|
|
|
4.62% 05/09/2029(e)
|
$
|
8,000
|
$7,984
|
|
4.74% (SOFR + 1.11%), 05/09/2029(d)
|
|
10,000
|
10,083
|
|
5.82% 09/15/2029(e)
|
|
102,000
|
104,069
|
|
4.48% 04/23/2030(e)
|
|
55,000
|
54,406
|
|
Series N, 4.56% (SOFR + 0.88%),
04/23/2030(d)
|
|
269,000
|
269,499
|
|
Series N, 4.55% (SOFR + 0.87%),
02/06/2032(d)
|
|
38,000
|
37,900
|
|
Series RR, 4.38% (e)(f)
|
|
129,000
|
128,282
|
|
Bank of Montreal (Canada), Series J, 4.34%,
03/19/2030(e)
|
|
39,000
|
38,558
|
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
4.58% 06/05/2029(e)
|
|
191,000
|
190,205
|
|
4.25% 02/02/2030(e)
|
|
128,000
|
126,048
|
|
4.90% 06/05/2032(e)
|
|
69,000
|
68,123
|
|
8.63% 10/27/2082(e)
|
|
295,000
|
305,608
|
|
Banque Federative du Credit Mutuel S.A.
(France), 4.48% (SOFR + 0.82%),
07/09/2029(b)(d)
|
|
556,000
|
556,577
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
4.22% 05/24/2030(e)
|
|
593,000
|
580,010
|
|
4.57% (SOFR + 0.93%), 05/24/2030(d)
|
|
214,000
|
214,085
|
|
4.91% 06/26/2030(e)
|
|
114,000
|
113,410
|
|
BNP Paribas S.A. (France), 4.89%,
06/30/2030(b)(e)
|
|
335,000
|
333,465
|
|
Canadian Imperial Bank of Commerce
(Canada), 4.28%, 01/29/2030(e)
|
|
123,000
|
121,240
|
|
Citigroup, Inc.
|
|
|
|
|
4.64% 05/07/2028(e)
|
|
15,000
|
15,006
|
|
4.77% (SOFR + 1.14%), 05/07/2028(d)
|
|
11,000
|
11,046
|
|
4.79% 03/04/2029(e)
|
|
15,000
|
15,003
|
|
4.54% 09/19/2030(e)
|
|
4,000
|
3,953
|
|
5.09% (SOFR + 1.46%), 05/07/2031(d)
|
|
11,000
|
11,207
|
|
4.83% (SOFR + 1.17%), 09/11/2031(d)
|
|
5,000
|
5,041
|
|
Series T, 6.25% (e)(f)
|
|
595,000
|
594,362
|
|
Danske Bank A/S (Denmark)
|
|
|
|
|
4.66% 03/27/2029(b)(e)
|
|
200,000
|
199,913
|
|
5.00% 03/27/2032(b)(e)
|
|
200,000
|
198,089
|
|
Depository Trust Co. (The), 4.30%,
03/27/2029(b)
|
|
262,000
|
259,784
|
|
Fifth Third Bancorp
|
|
|
|
|
6.34% 07/27/2029(e)
|
|
4,000
|
4,114
|
|
4.57% 04/29/2032(e)
|
|
1,000
|
972
|
|
Goldman Sachs Bank USA, 4.66%,
06/03/2029(e)
|
|
200,000
|
199,513
|
|
HSBC Holdings PLC (United Kingdom), 4.71%,
05/12/2030(e)
|
|
209,000
|
207,272
|
|
ING Bank N.V. (Netherlands), 4.56%,
07/07/2029(b)
|
|
200,000
|
199,203
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
JPMorgan Chase & Co.
|
|
|
|
|
6.07% 10/22/2027(e)
|
$
|
11,000
|
$11,039
|
|
5.04% 01/23/2028(e)
|
|
9,000
|
9,021
|
|
5.57% 04/22/2028(e)
|
|
8,000
|
8,056
|
|
4.98% 07/22/2028(e)
|
|
170,000
|
170,572
|
|
4.51% 10/22/2028(e)
|
|
9,000
|
8,982
|
|
6.09% 10/23/2029(e)
|
|
7,000
|
7,189
|
|
4.41% 04/23/2030(e)
|
|
236,000
|
232,860
|
|
4.49% (SOFR + 0.82%), 04/23/2030(d)
|
|
322,000
|
322,423
|
|
4.86% 07/23/2030(e)
|
|
304,000
|
303,401
|
|
4.26% 10/22/2031(e)
|
|
22,000
|
21,314
|
|
Series 1, 4.52% (SOFR + 0.85%),
07/23/2030(c)(d)
|
|
191,000
|
191,323
|
|
Series CC, 6.65% (3 mo. Term SOFR +
2.84%)(c)(d)(f)
|
|
16,000
|
16,065
|
|
Series II, 6.47% (3 mo. Term SOFR +
2.75%)(d)(f)
|
|
72,000
|
72,232
|
|
Lloyds Banking Group PLC (United Kingdom),
4.43%, 11/04/2031(e)
|
|
212,000
|
206,359
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
4.16% (SOFR + 0.48%), 02/03/2028(b)(d)
|
|
47,000
|
47,066
|
|
4.53% 03/29/2029(b)
|
|
330,000
|
328,756
|
|
Manufacturers & Traders Trust Co., 4.55%,
04/18/2030(e)
|
|
327,000
|
323,473
|
|
Mitsubishi Ufj Financial Group, Inc. (Japan)
|
|
|
|
|
4.59% 04/18/2030(e)
|
|
200,000
|
198,374
|
|
4.51% (SOFR + 0.84%), 07/24/2030(d)
|
|
540,000
|
539,998
|
|
4.98% 07/24/2030(e)
|
|
201,000
|
201,208
|
|
4.85% 04/21/2032(e)
|
|
94,000
|
92,645
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
4.51% (SOFR + 0.85%), 07/13/2030(d)
|
|
284,000
|
283,873
|
|
4.78% 07/13/2030(e)
|
|
311,000
|
309,207
|
|
Morgan Stanley Bank N.A., 4.61% (SOFR +
0.98%), 05/10/2030(d)
|
|
681,000
|
684,885
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.20% 11/17/2028(e)
|
|
690,000
|
685,983
|
|
4.21% 02/08/2030(e)
|
|
250,000
|
245,815
|
|
National Australia Bank Ltd. (Australia),
4.19% (SOFR + 0.53%), 12/13/2028(b)(d)
|
|
250,000
|
250,313
|
|
NatWest Markets PLC (United Kingdom),
4.65%, 03/27/2029(b)
|
|
200,000
|
198,927
|
|
Pinnacle Bank, 5.96%, 01/15/2036(e)
|
|
66,000
|
65,041
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
|
6.62% 10/20/2027(e)
|
|
9,000
|
9,039
|
|
4.08% 01/26/2029(e)
|
|
43,000
|
42,600
|
|
4.30% (SOFR + 0.62%), 01/26/2029(d)
|
|
28,000
|
27,987
|
|
4.36% (SOFR + 0.68%), 10/26/2029(d)
|
|
151,000
|
150,897
|
|
4.62% 10/26/2029(e)
|
|
330,000
|
328,979
|
|
4.83% 07/19/2030(e)
|
|
153,000
|
152,737
|
|
Series T, 3.40% (e)(f)
|
|
80,000
|
79,735
|
|
Series U, 6.00% (e)(f)
|
|
45,000
|
45,099
|
|
Royal Bank of Canada (Canada), 4.31%,
11/03/2031(e)
|
|
61,000
|
59,313
|
|
Santander UK Group Holdings PLC (United
Kingdom), 4.32%, 09/22/2029(e)
|
|
200,000
|
197,515
|
|
Societe Generale S.A. (France), 4.86%,
07/07/2029(b)(e)
|
|
200,000
|
199,251
|
|
Standard Chartered PLC (United Kingdom),
4.58% (SOFR + 0.92%), 01/13/2030(b)(d)
|
|
499,000
|
500,006
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Toronto-Dominion Bank (The) (Canada)
|
|
|
|
|
4.11% 10/13/2028
|
$
|
154,000
|
$152,155
|
|
4.81% 06/03/2030
|
|
13,000
|
12,975
|
|
Truist Bank
|
|
|
|
|
4.34% (SOFR + 0.66%), 01/27/2029(d)
|
|
500,000
|
500,055
|
|
4.14% 10/23/2029(e)
|
|
540,000
|
532,069
|
|
Series I, 4.14% 01/27/2029(e)
|
|
380,000
|
376,674
|
|
U.S. Bancorp
|
|
|
|
|
6.79% 10/26/2027(e)
|
|
203,000
|
204,096
|
|
4.86% 07/27/2030(e)
|
|
181,000
|
180,681
|
|
UBS AG (Switzerland)
|
|
|
|
|
4.13% (SOFR + 0.50%), 05/17/2027(d)
|
|
430,000
|
429,714
|
|
4.30% 03/16/2029(c)(e)
|
|
250,000
|
248,693
|
|
Wells Fargo & Co.
|
|
|
|
|
5.71% 04/22/2028(e)
|
|
8,000
|
8,062
|
|
4.97% 04/23/2029(e)
|
|
11,000
|
11,044
|
|
5.04% (SOFR + 1.37%), 04/23/2029(d)
|
|
11,000
|
11,134
|
|
4.58% 05/20/2029(e)
|
|
228,000
|
227,263
|
|
5.57% 07/25/2029(e)
|
|
11,000
|
11,169
|
|
6.30% 10/23/2029(e)
|
|
10,000
|
10,312
|
|
4.18% 01/23/2030(e)
|
|
12,000
|
11,808
|
|
7.63% (c)(e)(f)
|
|
11,000
|
11,516
|
|
Westpac Banking Corp. (Australia), 4.48%
(SOFR + 0.82%), 07/01/2030(d)
|
|
1,000
|
1,009
|
|
Westpac New Zealand Ltd. (New Zealand)
|
|
|
|
|
4.13% 01/29/2029(b)
|
|
211,000
|
207,945
|
|
4.43% (SOFR + 0.75%), 01/30/2031(b)(d)
|
|
297,000
|
297,810
|
|
|
|
|
18,495,748
|
|
Diversified Capital Markets-0.75%
|
|||
|
UBS Group AG (Switzerland)
|
|
|
|
|
4.15% 12/23/2029(b)(e)
|
|
200,000
|
196,852
|
|
4.50% (SOFR + 0.84%), 12/23/2029(b)(d)
|
|
300,000
|
300,054
|
|
4.21% 04/10/2030(b)(e)
|
|
208,000
|
204,029
|
|
4.88% (b)(e)(f)
|
|
207,000
|
206,882
|
|
|
|
|
907,817
|
|
Diversified Financial Services-1.68%
|
|||
|
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust (Ireland)
|
|
|
|
|
6.10% 01/15/2027
|
|
150,000
|
150,950
|
|
4.38% 11/15/2030
|
|
154,000
|
149,884
|
|
Aircastle Ltd./Aircastle Ireland DAC, 5.00%,
05/15/2031(b)
|
|
68,000
|
66,870
|
|
Avilease Capital Ltd. (Saudi Arabia), 5.50%,
06/30/2031(b)
|
|
200,000
|
198,968
|
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
4.20% 04/15/2029(b)
|
|
148,000
|
144,742
|
|
4.70% 01/30/2031(b)
|
|
44,000
|
42,866
|
|
Blackstone Reg Finance Co. L.L.C., 4.30%,
11/03/2030
|
|
13,000
|
12,681
|
|
Citadel Finance LLC, 4.75%, 02/14/2029(b)
|
|
353,000
|
346,200
|
|
Eagle Funding LuxCo S.a.r.l. (Mexico), 5.50%,
08/17/2030(b)
|
|
700,000
|
699,650
|
|
GABX Leasing LLC, 4.63%, 04/15/2031(b)
|
|
10,000
|
9,765
|
|
LPL Holdings, Inc.
|
|
|
|
|
5.70% 05/20/2027
|
|
9,000
|
9,073
|
|
6.75% 11/17/2028
|
|
8,000
|
8,301
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-(continued)
|
|||
|
LSEG US Fin Corp. (United Kingdom), 4.25%,
03/23/2029(b)
|
$
|
211,000
|
$208,107
|
|
Macquarie Airfinance Holdings Ltd. (United
Kingdom), 5.15%, 03/17/2030(b)
|
|
3,000
|
2,973
|
|
|
|
|
2,051,030
|
|
Diversified Metals & Mining-0.04%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia),
5.25%, 09/08/2026
|
|
8,000
|
8,008
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.91% 04/01/2028(b)
|
|
4,000
|
4,011
|
|
5.37% 04/04/2029(b)
|
|
10,000
|
10,127
|
|
4.90% 07/01/2031(b)
|
|
18,000
|
17,808
|
|
Rio Tinto Finance (USA) PLC (Australia)
|
|
|
|
|
4.38% 03/12/2027
|
|
6,000
|
6,006
|
|
4.50% 03/14/2028
|
|
4,000
|
4,005
|
|
|
|
|
49,965
|
|
Diversified Support Services-0.07%
|
|||
|
Element Fleet Management Corp. (Canada)
|
|
|
|
|
4.80% 05/29/2029(b)
|
|
64,000
|
63,623
|
|
5.04% 03/25/2030(b)
|
|
7,000
|
6,972
|
|
RB Global Holdings, Inc. (Canada), 6.75%,
03/15/2028(b)
|
|
12,000
|
12,122
|
|
|
|
|
82,717
|
|
Electric Utilities-2.42%
|
|||
|
Alabama Power Co., Series C, 4.30%,
03/15/2031
|
|
1,500
|
1,464
|
|
American Electric Power Co., Inc., Series C,
5.80%, 03/15/2056(e)
|
|
31,000
|
30,463
|
|
Chpe LLC, 4.88%, 06/30/2031(b)
|
|
29,000
|
28,589
|
|
Constellation Energy Generation LLC
|
|
|
|
|
3.90% 01/08/2028
|
|
123,000
|
121,946
|
|
4.55% 06/01/2029
|
|
168,000
|
166,735
|
|
4.80% 01/15/2032
|
|
49,000
|
48,059
|
|
Duke Energy Corp.
|
|
|
|
|
4.85% 01/05/2027
|
|
7,000
|
7,016
|
|
4.85% 01/05/2029
|
|
2,000
|
2,006
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
21,000
|
20,454
|
|
Edison International, 5.00%, 05/05/2028
|
|
201,000
|
201,154
|
|
Emera US Finance LLC, 4.50%, 04/01/2029
|
|
82,000
|
81,146
|
|
ENEL Finance International N.V. (Italy),
4.63%, 07/13/2029(b)
|
|
395,000
|
392,031
|
|
Entergy Corp., 5.88%, 06/15/2056(e)
|
|
55,000
|
54,413
|
|
Evergy, Inc., 4.25%, 03/15/2029
|
|
10,000
|
9,863
|
|
Exelon Corp., 5.15%, 03/15/2029
|
|
6,000
|
6,053
|
|
FirstEnergy Pennsylvania Electric Co., 4.15%,
03/15/2028(b)
|
|
127,000
|
126,184
|
|
FirstEnergy Transmission LLC, 4.55%,
01/15/2030
|
|
142,000
|
140,130
|
|
Georgia Power Co., 4.00%, 10/01/2028
|
|
12,000
|
11,867
|
|
ITC Holdings Corp., 4.88%, 04/15/2031(b)
|
|
21,000
|
20,774
|
|
Jersey Central Power & Light Co., 4.15%,
01/15/2029
|
|
11,000
|
10,859
|
|
Monongahela Power Co., 4.45%,
08/15/2029(b)
|
|
23,000
|
22,787
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
National Rural Utilities Cooperative Finance
Corp.
|
|
|
|
|
5.60% 11/13/2026(c)
|
$
|
6,000
|
$6,017
|
|
4.48% (SOFR + 0.80%), 02/05/2027(d)
|
|
20,000
|
20,050
|
|
4.12% 09/16/2027
|
|
10,000
|
9,965
|
|
3.95% 12/10/2027
|
|
269,000
|
267,269
|
|
4.85% 02/07/2029
|
|
4,000
|
4,015
|
|
4.40% 05/11/2029
|
|
50,000
|
49,587
|
|
Series D, 4.06% (SOFR + 0.43%),
08/09/2027(d)
|
|
128,000
|
128,098
|
|
Series D, 4.15% 08/25/2028
|
|
13,000
|
12,879
|
|
Series D, 4.05% 02/09/2029
|
|
31,000
|
30,521
|
|
NextEra Energy Capital Holdings, Inc., 4.69%,
09/01/2027
|
|
147,000
|
147,265
|
|
Niagara Mohawk Power Corp., 4.65%,
10/03/2030(b)
|
|
4,000
|
3,940
|
|
NRG Energy, Inc.
|
|
|
|
|
4.73% 10/15/2030(b)
|
|
5,000
|
4,884
|
|
4.96% 04/30/2031(b)
|
|
6,000
|
5,869
|
|
Oncor Electric Delivery Co. LLC, 4.65%,
11/01/2029
|
|
30,000
|
29,874
|
|
Pacific Gas and Electric Co.
|
|
|
|
|
6.10% 01/15/2029
|
|
50,000
|
51,321
|
|
5.25% 02/01/2032
|
|
198,000
|
197,434
|
|
PacifiCorp, 5.10%, 02/15/2029
|
|
8,000
|
8,052
|
|
PPL Capital Funding, Inc., Conv., 3.00%,
12/01/2030(b)
|
|
103,000
|
103,247
|
|
Vistra Operations Co. LLC
|
|
|
|
|
5.05% 12/30/2026(b)
|
|
196,000
|
196,583
|
|
4.30% 10/15/2028(b)
|
|
70,000
|
69,146
|
|
4.60% 10/15/2030(b)
|
|
4,000
|
3,895
|
|
4.70% 01/31/2031(b)
|
|
23,000
|
22,431
|
|
Wisconsin Electric Power Co.
|
|
|
|
|
3.95% 03/01/2029
|
|
66,000
|
65,027
|
|
4.15% 10/15/2030
|
|
7,000
|
6,806
|
|
Xcel Energy, Inc., 4.75%, 03/21/2028
|
|
3,000
|
3,005
|
|
|
|
|
2,951,173
|
|
Electrical Components & Equipment-0.97%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
755,000
|
746,569
|
|
Hubbell, Inc., 4.65%, 06/15/2031
|
|
19,000
|
18,739
|
|
Vertiv Group Corp., 4.13%, 11/15/2028(b)
|
|
420,000
|
415,398
|
|
|
|
|
1,180,706
|
|
Electronic Components-0.46%
|
|||
|
Amphenol Corp.
|
|
|
|
|
3.80% 11/15/2027
|
|
90,000
|
89,306
|
|
4.16% (SOFR + 0.53%), 11/15/2027(d)
|
|
307,000
|
307,513
|
|
3.90% 11/15/2028
|
|
141,000
|
139,063
|
|
4.13% 11/15/2030
|
|
18,000
|
17,501
|
|
Tyco Electronics Group S.A. (Switzerland),
4.50%, 02/09/2031
|
|
4,000
|
3,942
|
|
|
|
|
557,325
|
|
Electronic Equipment & Instruments-0.01%
|
|||
|
Keysight Technologies, Inc., 5.35%,
07/30/2030
|
|
17,000
|
17,227
|
|
Electronic Manufacturing Services-0.06%
|
|||
|
Jabil, Inc., 4.20%, 02/01/2029
|
|
75,000
|
73,655
|
|
Environmental & Facilities Services-0.29%
|
|||
|
GFL Environmental Holdings (US), Inc., 5.63%,
07/01/2031(b)
|
|
133,000
|
129,315
|
|
|
Principal
Amount
|
Value
|
|
|
Environmental & Facilities Services-(continued)
|
|||
|
Veralto Corp.
|
|
|
|
|
5.50% 09/18/2026
|
$
|
170,000
|
$170,102
|
|
5.35% 09/18/2028
|
|
7,000
|
7,084
|
|
4.85% 01/15/2032
|
|
46,000
|
45,470
|
|
|
|
|
351,971
|
|
Fertilizers & Agricultural Chemicals-0.27%
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
|
240,000
|
237,215
|
|
4.60% 11/15/2030
|
|
54,000
|
53,072
|
|
Nutrien Ltd. (Canada), 4.85%, 05/29/2031
|
|
37,000
|
36,735
|
|
|
|
|
327,022
|
|
Financial Exchanges & Data-0.14%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
134,000
|
132,083
|
|
4.20% 03/15/2031
|
|
34,000
|
32,903
|
|
|
|
|
164,986
|
|
Health Care Distributors-0.10%
|
|||
|
Cardinal Health, Inc., 4.50%, 09/15/2030
|
|
600
|
590
|
|
Cencora, Inc.
|
|
|
|
|
3.95% 02/13/2029
|
|
87,000
|
85,411
|
|
4.25% 11/15/2030
|
|
26,000
|
25,277
|
|
McKesson Corp., 4.65%, 05/30/2030
|
|
7,000
|
6,960
|
|
|
|
|
118,238
|
|
Health Care Equipment-0.61%
|
|||
|
Augusta SpinCo Corp.
|
|
|
|
|
4.32% 09/23/2027
|
|
484,000
|
482,565
|
|
4.40% 03/23/2029
|
|
93,000
|
92,044
|
|
4.66% 03/23/2031
|
|
17,000
|
16,726
|
|
GE HealthCare Technologies, Inc.
|
|
|
|
|
4.15% 12/15/2028
|
|
109,000
|
107,742
|
|
4.80% 01/15/2031
|
|
18,000
|
17,870
|
|
Smith & Nephew PLC (United Kingdom),
5.15%, 03/20/2027
|
|
7,000
|
7,029
|
|
Stryker Corp.
|
|
|
|
|
4.55% 02/10/2027
|
|
10,000
|
10,017
|
|
4.70% 02/10/2028
|
|
10,000
|
10,018
|
|
|
|
|
744,011
|
|
Health Care Facilities-0.09%
|
|||
|
Ascension Health, Series 2025, 4.08%,
11/15/2028
|
|
106,000
|
104,726
|
|
Health Care Services-0.19%
|
|||
|
Cigna Group (The), 4.50%, 09/15/2030
|
|
400
|
394
|
|
CommonSpirit Health, 4.35%, 09/01/2030
|
|
12,000
|
11,662
|
|
CVS Health Corp., 7.00%, 03/10/2055(e)
|
|
21,000
|
21,634
|
|
HCA, Inc.
|
|
|
|
|
5.00% 03/01/2028
|
|
189,000
|
189,887
|
|
4.30% 11/15/2030
|
|
13,000
|
12,605
|
|
|
|
|
236,182
|
|
Health Care Supplies-0.47%
|
|||
|
Medline Borrower L.P., 3.88%,
04/01/2029(b)
|
|
500,000
|
483,934
|
|
Medline Borrower L.P./Medline Co-Issuer, Inc.,
5.00%, 06/15/2031(b)
|
|
65,000
|
64,145
|
|
Solventum Corp.
|
|
|
|
|
5.45% 02/25/2027
|
|
11,000
|
11,051
|
|
5.40% 03/01/2029
|
|
9,000
|
9,114
|
|
|
|
|
568,244
|
|
|
Principal
Amount
|
Value
|
|
|
Heavy Electrical Equipment-0.00%
|
|||
|
GE Vernova, Inc., 4.25%, 02/04/2031
|
$
|
5,000
|
$4,877
|
|
Home Improvement Retail-0.04%
|
|||
|
Lowe`s Cos., Inc.
|
|
|
|
|
3.95% 10/15/2027
|
|
28,000
|
27,820
|
|
4.00% 10/15/2028
|
|
15,000
|
14,795
|
|
|
|
|
42,615
|
|
Hotel & Resort REITs-0.07%
|
|||
|
Host Hotels & Resorts L.P., 4.25%,
12/15/2028
|
|
90,000
|
88,655
|
|
Hotels, Resorts & Cruise Lines-1.45%
|
|||
|
Airbnb, Inc.
|
|
|
|
|
4.40% 03/16/2029
|
|
22,000
|
21,822
|
|
4.65% 03/16/2031
|
|
4,000
|
3,944
|
|
Carnival Corp., 5.13%, 05/01/2029(b)
|
|
269,000
|
267,049
|
|
Carnival Corp. Ltd., 5.75%, 03/15/2030(b)
|
|
9,000
|
9,021
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
|
5.88% 04/01/2029(b)
|
|
215,000
|
216,761
|
|
3.75% 05/01/2029(b)
|
|
500,000
|
479,445
|
|
Marriott International, Inc.
|
|
|
|
|
4.20% 07/15/2027
|
|
8,000
|
7,980
|
|
4.88% 05/15/2029
|
|
4,000
|
4,014
|
|
4.80% 03/15/2030
|
|
2,000
|
1,991
|
|
Royal Caribbean Cruises Ltd., 5.50%,
04/01/2028(b)
|
|
396,000
|
399,314
|
|
VOC Escrow Ltd., 5.00%, 02/15/2028(b)
|
|
356,000
|
355,053
|
|
|
|
|
1,766,394
|
|
Housewares & Specialties-0.00%
|
|||
|
Newell Brands, Inc., 6.38%, 05/15/2030(c)
|
|
5,000
|
5,058
|
|
Independent Power Producers & Energy Traders-0.85%
|
|||
|
AES Corp. (The), 5.20%, 07/15/2029
|
|
20,000
|
20,018
|
|
Clearway Energy Operating LLC, 4.75%,
03/15/2028(b)
|
|
11,000
|
10,861
|
|
VoltaGrid LLC, 7.38%, 11/01/2030(b)
|
|
1,000,000
|
1,005,566
|
|
|
|
|
1,036,445
|
|
Industrial Conglomerates-0.69%
|
|||
|
Eaton Corp.
|
|
|
|
|
3.85% 03/06/2028
|
|
387,000
|
382,866
|
|
3.95% 03/06/2029
|
|
200,000
|
196,566
|
|
4.20% 03/06/2031
|
|
270,000
|
261,925
|
|
|
|
|
841,357
|
|
Industrial Machinery & Supplies & Components-0.82%
|
|||
|
ESAB Corp.
|
|
|
|
|
6.25% 04/15/2029(b)
|
|
514,000
|
520,083
|
|
5.63% 04/01/2031(b)
|
|
128,000
|
126,773
|
|
Ingersoll Rand, Inc., 5.20%, 06/15/2027
|
|
70,000
|
70,421
|
|
Nordson Corp., 5.60%, 09/15/2028
|
|
83,000
|
84,347
|
|
Roller Bearing Co. of America, Inc., 4.38%,
10/15/2029(b)
|
|
200,000
|
194,063
|
|
|
|
|
995,687
|
|
Industrial REITs-0.01%
|
|||
|
LXP Industrial Trust, 6.75%, 11/15/2028
|
|
13,000
|
13,466
|
|
Insurance Brokers-0.01%
|
|||
|
Arthur J. Gallagher & Co., 4.60%,
12/15/2027
|
|
9,000
|
9,004
|
|
Integrated Oil & Gas-0.33%
|
|||
|
Saudi Arabian Oil Co. (Saudi Arabia), 4.00%,
02/02/2029(b)
|
|
405,000
|
397,161
|
|
|
Principal
Amount
|
Value
|
|
|
Integrated Telecommunication Services-1.71%
|
|||
|
APLD ComputeCo LLC, 9.25%,
12/15/2030(b)
|
$
|
183,000
|
$194,629
|
|
Cipher Compute LLC, 7.13%, 11/15/2030(b)
|
|
101,000
|
103,147
|
|
Grupo Televisa S.A.B. (Mexico), 4.81%,
06/01/2031(b)
|
|
44,000
|
43,549
|
|
NTT Finance Corp. (Japan)
|
|
|
|
|
4.74% 03/31/2028(b)
|
|
230,000
|
229,873
|
|
4.49% (SOFR + 0.83%), 06/20/2029(b)(d)
|
|
418,000
|
418,098
|
|
4.83% 11/01/2029(b)(c)
|
|
200,000
|
199,158
|
|
Orange S.A. (France), 4.00%, 01/13/2029(b)
|
|
235,000
|
230,810
|
|
QTS Thunder Managing Issuer LLC, 5.65%,
12/10/2030
|
|
575,000
|
573,846
|
|
WULF Compute LLC, 7.75%, 10/15/2030(b)
|
|
85,000
|
88,388
|
|
|
|
|
2,081,498
|
|
Interactive Media & Services-0.19%
|
|||
|
Match Group Holdings II LLC, 5.00%,
12/15/2027(b)
|
|
213,000
|
212,540
|
|
Meta Platforms, Inc., 4.20%, 11/15/2030
|
|
18,000
|
17,450
|
|
|
|
|
229,990
|
|
Investment Banking & Brokerage-2.06%
|
|||
|
Charles Schwab Corp. (The)
|
|
|
|
|
5.88% 08/24/2026
|
|
11,000
|
11,004
|
|
4.74% 05/21/2030(e)
|
|
84,000
|
83,823
|
|
4.34% 11/14/2031(e)
|
|
18,000
|
17,566
|
|
Series L, 6.10% (e)(f)
|
|
41,000
|
40,463
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.94% 04/23/2028(e)
|
|
15,000
|
15,031
|
|
4.96% (SOFR + 1.29%), 04/23/2028(d)
|
|
15,000
|
15,082
|
|
4.15% 01/21/2029(e)
|
|
156,000
|
154,553
|
|
4.15% 10/21/2029(e)
|
|
200,000
|
196,846
|
|
4.59% 04/20/2030(e)
|
|
126,000
|
124,662
|
|
4.67% (SOFR + 1.00%), 04/20/2030(d)
|
|
320,000
|
321,286
|
|
4.37% 10/21/2031(e)
|
|
23,400
|
22,655
|
|
4.97% 06/03/2032(e)
|
|
42,000
|
41,440
|
|
Series O, 5.30% (e)(f)
|
|
331,000
|
332,502
|
|
Morgan Stanley
|
|
|
|
|
5.65% 04/13/2028(e)
|
|
9,000
|
9,070
|
|
4.87% 07/12/2029(e)
|
|
346,000
|
346,041
|
|
5.45% 07/20/2029(e)
|
|
8,000
|
8,086
|
|
4.24% 01/09/2030(e)
|
|
84,000
|
82,613
|
|
4.56% 04/10/2030(e)
|
|
150,000
|
148,482
|
|
Series I, 4.52% (SOFR + 0.85%),
07/12/2029(c)(d)
|
|
338,000
|
338,512
|
|
Series I, 4.13% 10/18/2029(e)
|
|
169,000
|
166,397
|
|
Series I, 4.36% 10/22/2031(e)
|
|
33,300
|
32,266
|
|
|
|
|
2,508,380
|
|
IT Consulting & Other Services-0.14%
|
|||
|
International Business Machines Corp., 4.00%,
02/03/2029
|
|
173,000
|
170,005
|
|
Leisure Facilities-0.34%
|
|||
|
Vail Resorts, Inc., 5.63%, 07/15/2030(b)
|
|
416,000
|
414,428
|
|
Leisure Products-0.01%
|
|||
|
Hasbro, Inc., 4.65%, 03/12/2031
|
|
7,000
|
6,862
|
|
Life & Health Insurance-2.23%
|
|||
|
American National Global Funding, 5.00%,
06/22/2029(b)
|
|
208,000
|
206,641
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Athene Global Funding
|
|
|
|
|
4.86% 08/27/2026(b)
|
$
|
116,000
|
$116,042
|
|
5.52% 03/25/2027(b)
|
|
9,000
|
9,058
|
|
Constellation Global Funding
|
|
|
|
|
4.85% 10/22/2030(b)
|
|
56,000
|
54,541
|
|
5.70% 08/05/2031(b)
|
|
560,000
|
558,626
|
|
Corebridge Global Funding
|
|
|
|
|
4.96% (SOFR + 1.30%), 09/25/2026(b)(d)
|
|
7,000
|
7,010
|
|
4.65% 08/20/2027(b)
|
|
10,000
|
10,010
|
|
5.90% 09/19/2028(b)
|
|
9,000
|
9,194
|
|
4.52% (SOFR + 0.86%), 12/15/2028(b)(d)
|
|
324,000
|
323,440
|
|
4.80% 05/29/2029(b)
|
|
72,000
|
71,805
|
|
5.20% 06/24/2029(b)
|
|
6,000
|
6,043
|
|
Equitable America Global Funding, 3.95%,
09/15/2027(b)
|
|
11,000
|
10,901
|
|
Jackson National Life Global Funding, 4.85%,
06/23/2028(b)
|
|
740,000
|
739,323
|
|
Lincoln Financial Global Funding
|
|
|
|
|
4.63% 05/28/2028(b)
|
|
11,000
|
10,972
|
|
4.95% 05/21/2031(b)
|
|
21,000
|
20,719
|
|
New York Life Global Funding
|
|
|
|
|
4.15% 07/25/2028(b)
|
|
10,000
|
9,919
|
|
4.34% (SOFR + 0.66%), 07/25/2028(b)(d)
|
|
13,000
|
13,027
|
|
Northwestern Mutual Global Funding, 4.74%,
06/30/2031(b)
|
|
26,000
|
25,728
|
|
Pacific Life Global Funding II
|
|
|
|
|
5.50% 08/28/2026(b)(c)
|
|
10,000
|
10,011
|
|
4.50% 08/28/2029(b)
|
|
6,000
|
5,939
|
|
Protective Life Corp., 4.70%, 01/15/2031(b)
|
|
4,700
|
4,596
|
|
Protective Life Global Funding
|
|
|
|
|
4.16% 01/15/2029(b)
|
|
298,000
|
293,212
|
|
4.83% 04/14/2031(b)
|
|
206,000
|
203,711
|
|
|
|
|
2,720,468
|
|
Life Sciences Tools & Services-0.00%
|
|||
|
Thermo Fisher Scientific, Inc., 4.22%,
02/12/2031
|
|
4,000
|
3,894
|
|
Marine Transportation-0.17%
|
|||
|
NCL Corp. Ltd., 5.88%, 01/15/2031(b)
|
|
216,000
|
206,568
|
|
Movies & Entertainment-0.26%
|
|||
|
Discovery Global Holdings, Inc., 4.05%,
03/15/2029
|
|
323,000
|
317,503
|
|
Multi-Family Residential REITs-0.01%
|
|||
|
Camden Property Trust, 5.85%, 11/03/2026
|
|
10,000
|
10,029
|
|
Multi-line Insurance-0.40%
|
|||
|
Metropolitan Life Global Funding I, 4.25%,
04/13/2028(b)
|
|
493,000
|
490,123
|
|
Multi-Utilities-0.04%
|
|||
|
CenterPoint Energy, Inc., 5.95%,
04/01/2056(e)
|
|
4,000
|
3,973
|
|
Dominion Energy, Inc., 6.00%, 02/15/2056(e)
|
|
5,000
|
4,952
|
|
DTE Energy Co., 4.95%, 07/01/2027
|
|
5,000
|
5,020
|
|
NiSource, Inc., 4.75%, 05/18/2031
|
|
7,000
|
6,922
|
|
WEC Energy Group, Inc., 4.75%, 01/15/2028
|
|
22,000
|
22,058
|
|
|
|
|
42,925
|
|
Office REITs-0.00%
|
|||
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
1,000
|
978
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Equipment & Services-0.03%
|
|||
|
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc.
|
|
|
|
|
4.05% 03/11/2029
|
$
|
20,000
|
$19,662
|
|
4.35% 06/15/2031
|
|
21,000
|
20,402
|
|
|
|
|
40,064
|
|
Oil & Gas Exploration & Production-0.02%
|
|||
|
Diamondback Energy, Inc.
|
|
|
|
|
5.20% 04/18/2027
|
|
6,000
|
6,028
|
|
5.15% 01/30/2030
|
|
4,000
|
4,031
|
|
EOG Resources, Inc., 4.40%, 07/15/2028
|
|
6,000
|
5,988
|
|
Hilcorp Energy I L.P./Hilcorp Finance Co.,
5.75%, 02/01/2029(b)
|
|
14,000
|
13,982
|
|
|
|
|
30,029
|
|
Oil & Gas Refining & Marketing-0.49%
|
|||
|
Sunoco L.P., 5.88%, 07/15/2027(b)
|
|
600,000
|
600,544
|
|
Oil & Gas Storage & Transportation-2.10%
|
|||
|
Cheniere Energy Partners L.P., 4.50%,
10/01/2029
|
|
130,000
|
128,612
|
|
Energy Transfer L.P.
|
|
|
|
|
6.05% 12/01/2026
|
|
177,000
|
177,745
|
|
4.55% 01/15/2031
|
|
40,000
|
39,172
|
|
Series H, 6.50% (e)(f)
|
|
1,485,000
|
1,485,415
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
129,000
|
128,399
|
|
4.60% 01/15/2031
|
|
31,800
|
31,463
|
|
Kinder Morgan, Inc., 5.10%, 08/01/2029
|
|
58,000
|
58,565
|
|
ONEOK, Inc., 5.55%, 11/01/2026
|
|
6,000
|
6,013
|
|
Plains All American Pipeline L.P., Series B,
8.02% (3 mo. Term SOFR + 4.37%)(d)(f)
|
|
399,000
|
399,018
|
|
South Bow USA Infrastructure Holdings LLC
(Canada)
|
|
|
|
|
4.91% 09/01/2027
|
|
10,000
|
10,019
|
|
5.03% 10/01/2029
|
|
5,000
|
4,986
|
|
Southern Co. Gas Capital Corp., Series A,
4.05%, 09/15/2028
|
|
7,000
|
6,918
|
|
Venture Global LNG, Inc., 6.38%,
12/15/2034(b)
|
|
56,000
|
54,572
|
|
Western Midstream Operating L.P., 4.80%,
03/01/2031
|
|
31,000
|
30,425
|
|
Williams Cos., Inc. (The), 4.80%, 11/15/2029
|
|
3,000
|
2,997
|
|
|
|
|
2,564,319
|
|
Other Specialized REITs-0.49%
|
|||
|
Iron Mountain, Inc., 4.88%, 09/15/2027(b)
|
|
600,000
|
598,386
|
|
Packaged Foods & Meats-0.05%
|
|||
|
Conagra Brands, Inc., 5.40%, 08/01/2031
|
|
24,000
|
23,986
|
|
Mars, Inc.
|
|
|
|
|
4.45% 03/01/2027(b)
|
|
10,000
|
10,020
|
|
4.60% 03/01/2028(b)
|
|
10,000
|
10,007
|
|
4.80% 03/01/2030(b)
|
|
3,000
|
2,991
|
|
McCormick & Co., Inc., 4.15%, 02/15/2029
|
|
13,000
|
12,805
|
|
|
|
|
59,809
|
|
Passenger Airlines-0.80%
|
|||
|
American Airlines Pass-Through Trust,
Series B, 5.65%, 11/11/2034
|
|
28,000
|
27,407
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
208,000
|
208,329
|
|
5.25% 07/10/2030
|
|
5,000
|
5,029
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines-(continued)
|
|||
|
Southwest Airlines Co., 4.38%, 11/15/2028
|
$
|
438,000
|
$433,032
|
|
United Airlines Holdings, Inc., 4.88%,
03/01/2029
|
|
305,000
|
301,093
|
|
|
|
|
974,890
|
|
Passenger Ground Transportation-0.08%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.50% 08/15/2029(b)
|
|
97,000
|
95,819
|
|
4.15% 01/15/2031(c)
|
|
2,400
|
2,316
|
|
|
|
|
98,135
|
|
Pharmaceuticals-0.24%
|
|||
|
AstraZeneca Finance LLC (United Kingdom)
|
|
|
|
|
4.80% 02/26/2027
|
|
6,000
|
6,019
|
|
4.85% 02/26/2029
|
|
6,000
|
6,040
|
|
Eli Lilly and Co., 3.99% (SOFR + 0.35%),
05/20/2028(d)
|
|
196,000
|
196,414
|
|
Johnson & Johnson, 4.70%, 03/01/2030
|
|
2,000
|
2,013
|
|
Merck & Co., Inc., 4.65%, 05/22/2031
|
|
27,000
|
26,824
|
|
Novartis Capital Corp.
|
|
|
|
|
3.80% 09/18/2029
|
|
2,000
|
1,954
|
|
4.10% 11/05/2030
|
|
28,000
|
27,271
|
|
4.40% 03/18/2031
|
|
14,000
|
13,767
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
10,000
|
9,918
|
|
|
|
|
290,220
|
|
Rail Transportation-0.01%
|
|||
|
Canadian Pacific Railway Co. (Canada),
4.00%, 03/15/2029
|
|
14,000
|
13,750
|
|
Real Estate Development-0.02%
|
|||
|
Prologis Targeted U.S. Logistics Fund L.P.,
4.25%, 01/15/2031(b)
|
|
22,000
|
21,246
|
|
Regional Banks-0.59%
|
|||
|
Pinnacle Financial Partners, Inc., 5.60%,
05/19/2032(e)
|
|
21,000
|
20,826
|
|
Santander Holdings USA, Inc.
|
|
|
|
|
5.04% 06/05/2030(e)
|
|
34,000
|
33,838
|
|
5.22% 06/05/2032(e)
|
|
38,000
|
37,512
|
|
Truist Financial Corp., Series I, 4.96%,
07/23/2030(e)
|
|
122,000
|
121,832
|
|
Zions Bancorp. N.A., 5.24%, 10/01/2029(e)
|
|
250,000
|
250,131
|
|
Zions Bancorporation N.A., 4.48%,
02/09/2029(e)
|
|
256,000
|
254,045
|
|
|
|
|
718,184
|
|
Reinsurance-0.25%
|
|||
|
Argentum Netherlands B.V. for Swiss Re Ltd.
(Switzerland), 5.63%, 08/15/2052(b)(e)
|
|
200,000
|
200,202
|
|
Fortitude Global Funding, 4.63%,
10/06/2028(b)
|
|
99,000
|
97,944
|
|
RGA Global Funding, 4.35%, 08/25/2028(b)
|
|
11,000
|
10,898
|
|
|
|
|
309,044
|
|
Research & Consulting Services-0.07%
|
|||
|
Mobility Global, Inc., 5.05%, 06/15/2029(b)
|
|
90,000
|
89,670
|
|
Restaurants-0.00%
|
|||
|
McDonald’s Corp., 4.40%, 02/12/2031
|
|
2,000
|
1,970
|
|
Retail REITs-0.02%
|
|||
|
Realty Income Corp., 3.95%, 02/01/2029
|
|
23,000
|
22,599
|
|
Security & Alarm Services-0.49%
|
|||
|
Brink’s Co. (The), 4.63%, 10/15/2027(b)
|
|
600,000
|
596,632
|
|
|
Principal
Amount
|
Value
|
|
|
Self-Storage REITs-0.01%
|
|||
|
Public Storage Operating Co., 4.37% (SOFR +
0.70%), 04/16/2027(d)
|
$
|
10,000
|
$10,024
|
|
Semiconductors-1.43%
|
|||
|
Broadcom, Inc.
|
|
|
|
|
4.60% 07/15/2030
|
|
3,000
|
2,947
|
|
4.20% 10/15/2030
|
|
4,000
|
3,861
|
|
4.30% 01/15/2031
|
|
39,000
|
37,711
|
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(b)
|
|
391,000
|
399,735
|
|
5.50% 01/25/2031(b)
|
|
225,000
|
227,090
|
|
Intel Corp., 4.65%, 06/01/2031
|
|
29,000
|
28,362
|
|
NVIDIA Corp., 4.35%, 06/15/2029
|
|
814,000
|
806,285
|
|
ON Semiconductor Corp., Conv., 0.00%,
05/01/2031(b)(g)
|
|
37,000
|
34,503
|
|
SK hynix, Inc. (South Korea), 4.25%,
09/11/2028(b)
|
|
200,000
|
198,033
|
|
|
|
|
1,738,527
|
|
Soft Drinks & Non-alcoholic Beverages-0.01%
|
|||
|
Keurig Dr Pepper, Inc., 4.21% (SOFR +
0.58%), 11/15/2026(d)
|
|
11,000
|
11,003
|
|
PepsiCo, Inc., 4.10%, 01/15/2029
|
|
5,000
|
4,955
|
|
|
|
|
15,958
|
|
Sovereign Debt-1.50%
|
|||
|
Colombia Government International Bond
(Colombia), 5.38%, 01/21/2029
|
|
390,000
|
388,576
|
|
Egyptian Financial Co. for Sovereign Taskeek
(The) (Egypt), 6.38%, 04/07/2029(b)
|
|
200,000
|
202,198
|
|
Korea National Oil Corp. (South Korea)
|
|
|
|
|
4.50% 03/30/2029(b)
|
|
224,000
|
222,871
|
|
4.63% 03/30/2031(b)
|
|
200,000
|
197,862
|
|
Kuwait International Government Bond
(Kuwait)
|
|
|
|
|
4.02% 10/09/2028(b)
|
|
353,000
|
346,695
|
|
4.14% 10/09/2030(b)
|
|
200,000
|
192,997
|
|
Romanian Government International Bond
(Romania)
|
|
|
|
|
6.63% 02/17/2028(b)
|
|
228,000
|
232,469
|
|
5.88% 01/30/2029(b)
|
|
44,000
|
44,374
|
|
|
|
|
1,828,042
|
|
Specialty Chemicals-0.01%
|
|||
|
Sherwin-Williams Co. (The), 4.30%,
08/15/2028
|
|
14,000
|
13,902
|
|
Steel-0.36%
|
|||
|
Cleveland-Cliffs, Inc., 6.88%, 11/01/2029(b)
|
|
431,000
|
435,883
|
|
Systems Software-0.84%
|
|||
|
CrowdStrike Holdings, Inc., 3.00%,
02/15/2029
|
|
610,000
|
580,007
|
|
Oracle Corp.
|
|
|
|
|
4.55% 02/04/2029
|
|
153,000
|
149,195
|
|
4.79% (SOFR + 1.11%), 02/04/2029(d)
|
|
181,000
|
179,471
|
|
4.45% 09/26/2030
|
|
17,700
|
16,712
|
|
ServiceNow, Inc.
|
|
|
|
|
4.25% 05/15/2028
|
|
86,000
|
85,567
|
|
4.70% 08/15/2031
|
|
14,000
|
13,787
|
|
|
|
|
1,024,739
|
|
Telecom Tower REITs-0.54%
|
|||
|
SBA Communications Corp., 3.88%,
02/15/2027
|
|
662,000
|
658,119
|
|
|
Principal
Amount
|
Value
|
|
|
Tobacco-0.82%
|
|||
|
Altria Group, Inc., 4.88%, 02/04/2028
|
$
|
58,000
|
$58,255
|
|
B.A.T. Capital Corp. (United Kingdom), 4.70%,
04/02/2027
|
|
220,000
|
220,354
|
|
Philip Morris International, Inc.
|
|
|
|
|
4.38% 11/01/2027
|
|
3,000
|
2,996
|
|
3.88% 10/27/2028
|
|
206,000
|
202,850
|
|
4.34% (SOFR + 0.66%), 10/27/2028(d)
|
|
231,000
|
231,479
|
|
4.13% 04/27/2029
|
|
268,000
|
264,206
|
|
4.00% 10/29/2030
|
|
18,000
|
17,394
|
|
|
|
|
997,534
|
|
Trading Companies & Distributors-0.32%
|
|||
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
13,000
|
12,666
|
|
Sumisho Air Lease Corp.
|
|
|
|
|
4.40% 03/24/2028(b)
|
|
99,000
|
98,384
|
|
4.50% 03/24/2029(b)
|
|
71,000
|
70,166
|
|
Series B, 8.26% (e)(f)
|
|
204,000
|
205,478
|
|
|
|
|
386,694
|
|
Wireless Telecommunication Services-0.62%
|
|||
|
APLD ComputeCo 3 LLC, 7.00%,
06/15/2031(b)
|
|
42,000
|
41,014
|
|
Meridian Arc Holdco LLC, 6.25%,
04/30/2031(b)
|
|
128,000
|
123,111
|
|
PR RNO Property Owner 1 LLC, 6.50%,
05/01/2031(b)
|
|
567,000
|
534,596
|
|
T-Mobile USA, Inc., 4.95%, 03/15/2028
|
|
58,000
|
58,254
|
|
|
|
|
756,975
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $71,138,094)
|
70,640,127
|
||
|
|
|||
|
Asset-Backed Securities-31.21%
|
|||
|
ALA Trust
|
|
|
|
|
Series 2025-OANA, Class A, 5.42% (1 mo.
Term SOFR + 1.74%), 06/15/2040(b)(d)
|
|
295,000
|
296,526
|
|
Series 2025-OANA, Class B, 5.52% (1 mo.
Term SOFR + 1.84%), 06/15/2040(b)(d)
|
|
50,000
|
50,263
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(b)
|
|
267,652
|
266,963
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(b)
|
|
30,366
|
30,406
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(b)
|
|
792,666
|
793,413
|
|
Aspire Mortgage Trust, Series 2026-2,
Class A1, 5.33%, 04/26/2066(b)(h)
|
|
201,732
|
200,495
|
|
Avis Budget Rental Car Funding (AESOP) LLC
|
|
|
|
|
Series 2023-2A, Class A, 5.20%,
10/20/2027(b)
|
|
50,000
|
50,080
|
|
Series 2023-4A, Class A, 5.49%,
06/20/2029(b)
|
|
100,000
|
101,137
|
|
Series 2025-3A, Class A, 4.17%,
02/20/2030(b)
|
|
100,000
|
98,459
|
|
Barings CLO Ltd. (Cayman Islands),
Series 2021-2A, Class A1R, 4.82% (3 mo.
Term SOFR + 1.07%), 07/15/2034(b)(d)
|
|
500,000
|
500,408
|
|
Barings Equipment Finance LLC, Series 2025-
B, Class A3, 4.13%, 10/13/2032(b)
|
|
140,000
|
138,123
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.82% (3 mo.
Term SOFR + 1.07%), 01/17/2035(b)(d)
|
$
|
300,000
|
$300,278
|
|
BlackRock CLO L.P., Series 2025-2A, Class A,
4.91% (3 mo. Term SOFR + 1.27%),
11/21/2033(b)(d)
|
|
255,254
|
255,458
|
|
Bowling Green Park CLO LLC, Series 2019-1A,
Class ARR, 4.73% (3 mo. Term SOFR +
1.00%), 04/18/2035(b)(d)
|
|
560,000
|
560,288
|
|
BX Commercial Mortgage Trust, Series 2026-
CSMO, Class A, 5.08% (1 mo. Term SOFR +
1.40%), 02/15/2043(b)(d)
|
|
1,130,000
|
1,134,682
|
|
BX Trust
|
|
|
|
|
Series 2025-VLT6, Class A, 5.12% (1 mo.
Term SOFR + 1.44%), 03/15/2042(b)(d)
|
|
40,000
|
39,974
|
|
Series 2025-VLT6, Class B, 5.57% (1 mo.
Term SOFR + 1.89%), 03/15/2042(b)(d)
|
|
15,000
|
14,968
|
|
Series 2025-VLT7, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 07/15/2044(b)(d)
|
|
170,000
|
169,788
|
|
Series 2025-VOLT, Class A, 5.38% (1 mo.
Term SOFR + 1.70%), 12/15/2044(b)(d)
|
|
650,000
|
649,478
|
|
Series 2025-VOLT, Class B, 5.78% (1 mo.
Term SOFR + 2.10%), 12/15/2044(b)(d)
|
|
600,000
|
601,384
|
|
Series 2025-VOLT, Class C, 6.03% (1 mo.
Term SOFR + 2.35%), 12/15/2044(b)(d)
|
|
520,000
|
519,875
|
|
Series 2025-VOLT, Class D, 6.43% (1 mo.
Term SOFR + 2.75%), 12/15/2044(b)(d)
|
|
170,000
|
170,015
|
|
Carlyle US CLO Ltd. (Cayman Islands)
|
|
|
|
|
Series 2020-2A, Class A1R2, 4.89% (3 mo.
Term SOFR + 1.08%), 01/25/2035(b)(d)
|
|
250,000
|
250,321
|
|
Series 2022-1A, Class A1R, 4.73% (3 mo.
Term SOFR + 0.98%), 04/15/2035(b)(d)
|
|
250,000
|
250,218
|
|
Carvana Auto Receivables Trust, Series 2026-
P1, Class A3, 4.26%, 02/10/2031
|
|
500,000
|
497,052
|
|
Cedar Funding VI CLO Ltd. (Cayman Islands),
Series 2016-6A, Class AR3, 4.82% (3 mo.
Term SOFR + 1.09%), 04/20/2034(b)(d)
|
|
250,000
|
250,332
|
|
Centersquare Issuer LLC, Series 2025-3A,
Class A2, 5.00%, 08/25/2055(b)
|
|
125,000
|
119,207
|
|
Cerberus Loan Funding XL LLC, Series 2023-
1A, Class AR, 5.35% (3 mo. Term SOFR +
1.60%), 03/22/2035(b)(d)
|
|
250,000
|
250,185
|
|
CIFC Funding Ltd. (Cayman Islands)
|
|
|
|
|
Series 2021-7A, Class AR, 4.84% (3 mo.
Term SOFR + 1.09%), 01/23/2035(b)(d)
|
|
250,000
|
250,108
|
|
Series 2022-2A, Class A1R, 4.70% (3 mo.
Term SOFR + 0.97%), 04/19/2035(b)(d)
|
|
500,000
|
499,908
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2024-INV2, Class A1, 6.42%,
05/25/2069(b)
|
|
157,699
|
158,948
|
|
Series 2025-3, Class A1, 5.35%,
03/25/2070(b)
|
|
171,481
|
171,070
|
|
Series 2025-4, Class A1, 5.79%,
04/25/2070(b)
|
|
284,347
|
285,328
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(b)
|
|
219,029
|
219,310
|
|
Compass Datacenters Issuer II LLC,
Series 2025-2A, Class A1, 4.93%,
11/25/2050(b)
|
|
960,000
|
934,648
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2024-H2, Class A1, 6.09%,
04/25/2069(b)
|
|
63,170
|
63,329
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2024-H8, Class A1, 5.55%,
12/25/2069(b)(h)
|
$
|
68,981
|
$69,194
|
|
Series 2025-H5, Class A1, 5.51%,
07/25/2070(b)(h)
|
|
710,447
|
709,225
|
|
Series 2026-NQM3, Class A1, 5.13%,
03/25/2071(b)(h)
|
|
151,222
|
149,695
|
|
Series 2026-NQM4, Class A1, 5.49%,
04/25/2071(b)(h)
|
|
391,881
|
390,516
|
|
Series 2026-NQM5, Class A1, 5.09%,
03/25/2071(b)(h)
|
|
676,597
|
670,121
|
|
Series 2026-NQM7, Class A1, 5.46%,
06/25/2071(b)(h)
|
|
175,082
|
174,663
|
|
DB Master Finance LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(b)
|
|
417,900
|
411,821
|
|
Series 2026-1A, Class A2I, 5.20%,
05/20/2056(b)
|
|
100,000
|
99,461
|
|
Domino’s Pizza Master Issuer LLC,
Series 2025-1A, Class A2I, 4.93%,
07/25/2055(b)
|
|
60,000
|
59,187
|
|
Eclipse Aircraft LLC, Series 2026-1, Class A,
5.63%, 05/15/2051(b)
|
|
668,387
|
665,165
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2025-NQM5, Class A1, 5.03%,
11/25/2070(b)(h)
|
|
349,749
|
347,160
|
|
Series 2026-NQM3, Class A1, 5.03%,
03/25/2071(b)(h)
|
|
253,710
|
251,381
|
|
Series 2026-NQM5, Class A1, 5.56%,
06/25/2071(b)(h)
|
|
234,848
|
234,477
|
|
Series 2026-NQM7, Class A1, 5.60%,
07/25/2071(b)(h)
|
|
1,000,000
|
998,515
|
|
Enterprise Fleet Financing LLC, Series 2025-4,
Class A3, 4.11%, 12/20/2029(b)
|
|
150,000
|
148,281
|
|
Galaxy XXII CLO Ltd. (Cayman Islands),
Series 2016-22A, Class AR4, 4.81% (3 mo.
Term SOFR + 1.02%), 04/16/2034(b)(d)
|
|
415,231
|
415,493
|
|
GCAT Trust
|
|
|
|
|
Series 2024-INV1, Class 2A2, 6.50%,
01/25/2054(b)(h)
|
|
39,663
|
40,534
|
|
Series 2025-NQM2, Class A1, 5.60%,
04/25/2070(b)
|
|
69,975
|
69,930
|
|
Series 2026-NQM1, Class A1, 4.79%,
12/25/2070(b)(h)
|
|
468,336
|
462,150
|
|
Gordon Brothers Equipment Finance LLC,
Series 2026-1A, Class A2, 5.15%,
06/20/2034(b)
|
|
100,000
|
100,164
|
|
GS Mortgage-Backed Securities Corp. Trust,
Series 2025-NQM6, Class A1, 5.02%,
02/25/2066(b)
|
|
537,688
|
532,522
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2025-HE1, Class A1, 5.17% (30 Day
Average SOFR + 1.55%), 10/25/2055(b)(d)
|
|
254,868
|
255,995
|
|
Series 2025-HE2, Class A1, 5.17% (30 Day
Average SOFR + 1.55%), 12/25/2065(b)(d)
|
|
791,995
|
795,607
|
|
Series 2025-NQM3, Class A1, 5.14%,
11/25/2065(b)
|
|
70,638
|
70,266
|
|
Series 2025-NQM4, Class A1, 5.01%,
10/25/2065(b)
|
|
361,903
|
358,598
|
|
Series 2025-NQM5, Class A1, 5.01%,
07/25/2065(b)
|
|
477,066
|
472,133
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2026-DSC2, Class A1, 5.49%,
09/25/2066(b)
|
$
|
800,000
|
$796,828
|
|
Series 2026-NQM1, Class A1, 4.87%,
03/25/2066(b)(h)
|
|
261,626
|
257,765
|
|
Harbor Park CLO Ltd. (Cayman Islands),
Series 2018-1A, Class AR2, 4.68% (3 mo.
Term SOFR + 0.95%), 01/20/2031(b)(d)
|
|
211,068
|
211,042
|
|
Hilton Grand Vacations Trust, Series 2026-2A,
Class A, 4.83%, 03/27/2045(b)
|
|
100,000
|
99,718
|
|
IP Mortgage Trust, Series 2025-IP, Class A,
5.25%, 06/10/2042(b)(h)
|
|
50,000
|
49,993
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-VIS1, Class A1, 5.99%,
07/25/2064(b)(h)
|
|
223,437
|
223,793
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(b)(h)
|
|
586,346
|
585,633
|
|
Series 2025-NQM4, Class A1, 4.95%,
03/25/2066(b)(h)
|
|
275,559
|
272,299
|
|
Series 2026-5, Class A4, 5.50%,
12/25/2056(b)(h)
|
|
196,584
|
195,728
|
|
Juniper Valley Park CLO Ltd. (Jersey),
Series 2023-1A, Class ARR, 4.81% (3 mo.
Term SOFR + 1.08%), 07/20/2036(b)(d)
|
|
430,000
|
430,117
|
|
Lightpath Fiber Issuer LLC
|
|
|
|
|
Series 2026-1A, Class A2, 5.60%,
03/25/2056(b)
|
|
300,000
|
297,824
|
|
Series 2026-1A, Class B, 5.89%,
03/25/2056(b)
|
|
200,000
|
196,232
|
|
Magnetite XXI Ltd. (Cayman Islands),
Series 2019-21A, Class AR2, 4.71% (3 mo.
Term SOFR + 0.98%), 04/20/2034(b)(d)
|
|
628,000
|
628,431
|
|
Merchants Fleet Funding LLC, Series 2025-
1A, Class A, 4.49%, 01/20/2039(b)
|
|
190,000
|
189,843
|
|
Metronet Infrastructure Issuer LLC,
Series 2025-4A, Class A2, 5.16%,
12/20/2055(b)
|
|
300,000
|
295,725
|
|
MFA Trust, Series 2026-INVR1, Class A1,
5.39%, 12/25/2059(b)(h)
|
|
95,685
|
95,087
|
|
MILE Trust
|
|
|
|
|
Series 2025-STNE, Class A, 5.18% (1 mo.
Term SOFR + 1.50%), 07/15/2042(b)(d)
|
|
100,000
|
100,589
|
|
Series 2025-STNE, Class B, 5.38% (1 mo.
Term SOFR + 1.70%), 07/15/2042(b)(d)
|
|
100,000
|
100,780
|
|
Series 2025-STNE, Class C, 5.78% (1 mo.
Term SOFR + 2.10%), 07/15/2042(b)(d)
|
|
100,000
|
100,460
|
|
Morgan Stanley Bank of America Merrill Lynch
Trust, Series 2025-5C2, Class B, 5.69%,
11/15/2058(h)
|
|
653,000
|
649,491
|
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(b)(h)
|
|
73,515
|
73,653
|
|
Series 2025-NQM8, Class A1, 4.96%,
09/25/2070(b)(h)
|
|
398,675
|
394,273
|
|
Series 2026-NQM3, Class A1, 5.21%,
03/25/2071(b)(h)
|
|
184,621
|
183,457
|
|
Neuberger Berman Loan Advisers CLO 47 Ltd.
(Cayman Islands), Series 2022-47A,
Class AR, 4.83% (3 mo. Term SOFR +
1.09%), 04/16/2035(b)(d)
|
|
250,000
|
250,251
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2025-NQM2, Class A1, 5.57%,
04/25/2065(b)
|
$
|
363,133
|
$362,264
|
|
Series 2026-NQM5, Class A1, 5.18%,
04/25/2066(b)(h)
|
|
117,514
|
116,508
|
|
Series 2026-NQM6, Class A1, 5.29%,
05/25/2066(b)(h)
|
|
156,700
|
155,662
|
|
NextGear Floorplan Master Owner Trust,
Series 2025-2A, Class A2, 4.23%,
10/15/2030(b)
|
|
110,000
|
108,827
|
|
OBX Trust, Series 2026-HE2, Class A1A,
4.97% (30 Day Average SOFR + 1.35%),
06/25/2056(b)(d)
|
|
249,779
|
250,451
|
|
One Bryant Park Trust, Series 2019-OBP,
Class A, 2.52%, 09/15/2054(b)
|
|
300,000
|
276,471
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1, 4.70%
(3 mo. Term SOFR + 0.95%),
01/15/2034(b)(d)
|
|
642,130
|
642,517
|
|
Planet Fitness Master Issuer LLC,
Series 2025-1A, Class A2I, 5.27%,
12/06/2055(b)
|
|
99,750
|
98,007
|
|
PRKCM Trust, Series 2023-AFC4, Class A1,
7.23%, 11/25/2058(b)
|
|
43,654
|
43,702
|
|
Provident Funding Mortgage Trust,
Series 2025-4, Class A1, 6.00%,
09/25/2055(b)(h)
|
|
80,096
|
80,181
|
|
Qdoba Funding LLC, Series 2026-1A,
Class A2, 6.70%, 06/14/2056(b)
|
|
1,110,000
|
1,110,146
|
|
RCKT Mortgage Trust, Series 2026-CES1,
Class A1A, 4.83%, 01/25/2056(b)
|
|
134,853
|
133,148
|
|
RR 17 Ltd. (Cayman Islands), Series 2021-
17A, Class A1AR, 4.82% (3 mo. Term
SOFR + 1.07%), 07/15/2034(b)(d)
|
|
250,000
|
250,044
|
|
RR 20 Ltd. (Cayman Islands), Series 2022-
20A, Class A1R, 4.74% (3 mo. Term SOFR
+ 0.99%), 07/15/2037(b)(d)
|
|
500,000
|
499,887
|
|
SCG Mortgage Trust, Series 2026-PALM,
Class A, 4.90% (1 mo. Term SOFR +
1.27%), 07/15/2043(b)(d)
|
|
170,000
|
170,389
|
|
Sequoia Mortgage Trust, Series 2025-10,
Class A1, 5.50%, 11/25/2055(b)(h)
|
|
230,354
|
226,363
|
|
SHRN Trust
|
|
|
|
|
Series 2025-MF18, Class A, 4.88% (1 mo.
Term SOFR + 1.20%), 10/15/2040(b)(d)
|
|
250,000
|
250,283
|
|
Series 2025-MF18, Class B, 5.13% (1 mo.
Term SOFR + 1.45%), 10/15/2040(b)(d)
|
|
160,000
|
160,266
|
|
Series 2025-MF18, Class C, 5.38% (1 mo.
Term SOFR + 1.70%), 10/15/2040(b)(d)
|
|
360,000
|
361,120
|
|
SoFi Consumer Loan Program
|
|
|
|
|
Series 2026-3, Class A, 4.46%,
06/25/2035(b)
|
|
610,000
|
610,084
|
|
Series 2026-3, Class B, 4.85%,
06/25/2035(b)
|
|
230,000
|
229,649
|
|
Series 2026-3, Class C, 5.09%,
06/25/2035(b)
|
|
290,000
|
289,014
|
|
Sonic Capital LLC, Series 2020-1A, Class A2I,
3.85%, 01/20/2050(b)
|
|
493,938
|
491,435
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Subway Funding LLC
|
|
|
|
|
Series 2024-1A, Class A2I, 6.03%,
07/30/2054(b)
|
$
|
36,353
|
$36,483
|
|
Series 2024-3A, Class A2I, 5.25%,
07/30/2054(b)
|
|
24,625
|
24,111
|
|
Switch ABS Issuer LLC, Series 2025-2A,
Class A21, 5.12%, 10/25/2055(b)
|
|
570,000
|
558,619
|
|
Synchrony Card Funding LLC, Series 2024-
A2, Class A, 4.93%, 07/15/2030
|
|
10,000
|
10,059
|
|
Taco Bell Funding LLC, Series 2025-1A,
Class A2I, 4.82%, 08/25/2055(b)
|
|
170,000
|
166,888
|
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.73% (3 mo. Term SOFR +
1.00%), 04/20/2034(b)(d)
|
|
544,281
|
544,576
|
|
TierPoint Issuer LLC, Series 2025-1A,
Class A2, 6.15%, 04/26/2055(b)
|
|
25,000
|
24,966
|
|
UBS Commercial Mortgage Trust,
Series 2017-C6, Class AS, 3.93%,
12/15/2050(h)
|
|
50,000
|
48,330
|
|
Vantage Data Centers Issuer LLC,
Series 2025-2A, Class A2, 5.24%,
11/15/2055(b)
|
|
350,000
|
337,878
|
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.06%,
07/13/2044(b)(h)
|
|
110,000
|
108,064
|
|
Series 2025-AZ, Class B, 5.30%,
07/13/2044(b)(h)
|
|
105,000
|
102,660
|
|
Series 2025-AZ, Class C, 5.84%,
07/13/2044(b)(h)
|
|
200,000
|
196,661
|
|
Series 2025-AZ, Class D, 6.23%,
07/13/2044(b)(h)
|
|
235,000
|
231,944
|
|
Verus Securitization Trust
|
|
|
|
|
Series 2021-R3, Class A1, 1.02%,
04/25/2064(b)(h)
|
|
32,983
|
31,829
|
|
Series 2026-4, Class A1, 5.00%,
04/25/2071(b)(h)
|
|
98,870
|
98,174
|
|
Voya CLO Ltd. (Cayman Islands),
Series 2021-1A, Class AR, 4.75% (3 mo.
Term SOFR + 1.00%), 07/15/2034(b)(d)
|
|
455,000
|
455,505
|
|
WEST Trust, Series 2025-ROSE, Class A,
5.28%, 04/10/2035(b)(h)
|
|
50,000
|
49,697
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.80% (3 mo. Term SOFR +
1.07%), 01/20/2035(b)(d)
|
|
1,000,000
|
1,000,329
|
|
Zayo Issuer LLC, Series 2025-2A, Class A2,
5.95%, 06/20/2055(b)
|
|
300,000
|
302,318
|
|
Total Asset-Backed Securities
(Cost $38,221,436)
|
38,019,200
|
||
|
U.S. Treasury Securities-4.50%
|
|||
|
U.S. Treasury Bills-0.48%(i)
|
|||
|
3.63%–3.71%, 09/17/2026(j)
|
|
566,000
|
563,418
|
|
3.89%, 01/14/2027(j)
|
|
20,000
|
19,656
|
|
|
|
|
583,074
|
|
U.S. Treasury Notes-4.02%
|
|||
|
4.13%, 06/30/2028
|
|
227,500
|
226,922
|
|
4.13%, 07/15/2029
|
|
1,808,900
|
1,798,796
|
|
4.13%, 06/30/2031
|
|
2,908,700
|
2,870,523
|
|
|
|
|
4,896,241
|
|
Total U.S. Treasury Securities
(Cost $5,475,718)
|
5,479,315
|
||
|
|
Principal
Amount
|
Value
|
|
|
Variable Rate Senior Loan Interests-1.74%(k)(l)
|
|||
|
Health Care Equipment-0.23%
|
|||
|
Olympus Holdings
|
|
|
|
|
Term Loan, 5.97% , 06/01/2051
|
$
|
35,743
|
$35,743
|
|
Term Loan, 5.77% , 07/16/2051
|
|
247,912
|
247,912
|
|
|
|
|
283,655
|
|
Technology Hardware, Storage & Peripherals-1.51%
|
|||
|
CoreWeave Compute Acquisition Co. VIII LLC,
Delayed Draw Term Loan, 5.95% (1 mo.
Term SOFR + 2.25%), 03/31/2032(m)
|
|
1,832,000
|
1,836,580
|
|
Total Variable Rate Senior Loan Interests
(Cost $2,115,655)
|
2,120,235
|
||
|
|
|||
|
Agency Credit Risk Transfer Notes-0.38%
|
|||
|
Fannie Mae Connecticut Avenue Securities,
Series 2025-R04, Class 1A1, 4.62%
(30 Day Average SOFR + 1.00%),
05/25/2045(b)(d)(n)
|
|
12,283
|
12,299
|
|
Freddie Mac
|
|
|
|
|
Series 2023-DNA1, Class M1, STACR®,
5.72% (30 Day Average SOFR + 2.10%),
03/25/2043(b)(d)(o)
|
|
19,634
|
19,842
|
|
Series 2025-DNA4, Class A1, STACR®,
4.52% (30 Day Average SOFR + 0.90%),
10/25/2045(b)(d)(o)
|
|
125,875
|
125,937
|
|
Series 2026-DNA2, Class M1, STACR®,
4.82% (30 Day Average SOFR + 1.20%),
03/25/2046(b)(d)(o)
|
|
96,524
|
96,643
|
|
Series 2026-HQA1, Class A1, STACR®,
4.62% (30 Day Average SOFR + 1.00%),
05/25/2046(b)(d)(o)
|
|
208,125
|
208,876
|
|
Total Agency Credit Risk Transfer Notes
(Cost $462,441)
|
463,597
|
||
|
|
Shares
|
|
|
|
Exchange-Traded Funds-0.20%
|
|||
|
Invesco Short Duration High Yield ETF(c)(p)
(Cost $247,956)
|
|
9,750
|
246,227
|
|
|
Shares
|
Value
|
|
|
Preferred Stocks-0.18%
|
|||
|
Diversified Financial Services-0.02%
|
|||
|
Apollo Global Management, Inc., Pfd., 7.63%,
09/15/2053(e)
|
|
1,100
|
$28,248
|
|
Interactive Media & Services-0.11%
|
|||
|
Alphabet, Inc., Series A, Conv. Pfd., 6.25%,
05/15/2029
|
|
2,560
|
128,409
|
|
Systems Software-0.05%
|
|||
|
Oracle Corp., Class D, Conv. Pfd., 6.50%,
01/15/2029
|
|
1,436
|
60,140
|
|
Total Preferred Stocks
(Cost $227,300)
|
216,797
|
||
|
Money Market Funds-4.04%
|
|||
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(p)(q)
(Cost $4,918,346)
|
|
4,918,346
|
4,918,346
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.23%
(Cost $122,806,946)
|
122,103,844
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.17%
|
|||
|
Invesco Private Government Fund,
3.69%(p)(q)(r)
|
|
397,655
|
397,655
|
|
Invesco Private Prime Fund, 3.82%(p)(q)(r)
|
|
1,033,260
|
1,033,363
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,430,984)
|
1,431,018
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.40%
(Cost $124,237,930)
|
123,534,862
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.40)%
|
(1,703,292
)
|
||
|
NET ASSETS-100.00%
|
$121,831,570
|
||
|
Investment Abbreviations:
|
|
|
Conv.
|
-Convertible
|
|
ETF
|
-Exchange-Traded Fund
|
|
Pfd.
|
-Preferred
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $70,266,200, which represented 57.67% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Perpetual bond with no specified maturity date.
|
|
(g)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(h)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate
shown is the rate in effect on July 31, 2026.
|
|
(i)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(j)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(k)
|
Variable rate senior loan interests often require prepayments from excess cash flow
or permit the borrower to repay at its election. The degree to which
borrowers repay, whether as a contractual requirement or at their election, cannot
be predicted with any accuracy. As a result, the actual remaining maturity
may be substantially less than the stated maturities shown. However, it is anticipated
that the variable rate senior loan interests will have an expected average
life of three to five years.
|
|
(l)
|
Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the “1933 Act”) and
may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust
to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically
every 30 days, but not greater than one year, and/or have interest
rates that float at margin above a widely recognized base lending rate such as the
Prime Rate of a designated U.S. bank.
|
|
(m)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(n)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(o)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(p)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco Short Duration High
Yield ETF
|
$-
|
$247,956
|
$-
|
$(1,729
)
|
$-
|
$246,227
|
$3,613
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
4,436,367
|
58,704,295
|
(58,222,316
)
|
-
|
-
|
4,918,346
|
29,375
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
255,436
|
7,394,048
|
(7,251,829
)
|
-
|
-
|
397,655
|
19,350
*
|
|
Invesco Private Prime Fund
|
665,608
|
15,049,668
|
(14,681,763
)
|
42
|
(192
)
|
1,033,363
|
27,968
*
|
|
Total
|
$5,357,411
|
$81,395,967
|
$(80,155,908
)
|
$(1,687
)
|
$(192
)
|
$6,595,591
|
$80,306
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(q)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(r)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 2 Year Notes
|
294
|
September-2026
|
$60,449,157
|
$(202,321
)
|
$(202,321
)
|
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 5 Year Notes
|
134
|
September-2026
|
(14,200,859
)
|
106,659
|
106,659
|
|
U.S. Treasury 10 Year Notes
|
75
|
September-2026
|
(8,100,000
)
|
81,208
|
81,208
|
|
U.S. Treasury Long Bonds
|
4
|
September-2026
|
(433,250
)
|
8,665
|
8,665
|
|
U.S. Treasury Ultra Bonds
|
1
|
September-2026
|
(109,688
)
|
2,560
|
2,560
|
|
Subtotal—Short Futures Contracts
|
|
|
|
199,092
|
199,092
|
|
Total Futures Contracts
|
$(3,229
)
|
$(3,229
)
|
|||
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-82.40%
|
|||
|
Gas Utilities-2.03%
|
|||
|
AltaGas Ltd. (Canada)
|
|
33,317
|
$1,324,748
|
|
Oil & Gas Equipment & Services-6.27%
|
|||
|
Archrock, Inc.
|
|
38,481
|
1,376,081
|
|
Kodiak Gas Services, Inc.
|
|
46,451
|
2,727,138
|
|
|
|
|
4,103,219
|
|
Oil & Gas Refining & Marketing-3.45%
|
|||
|
Sunococorp LLC
|
|
29,548
|
2,258,649
|
|
Oil & Gas Storage & Transportation-70.65%
|
|||
|
Antero Midstream Corp.
|
|
95,235
|
2,092,313
|
|
Cheniere Energy, Inc.
|
|
11,380
|
2,999,427
|
|
DT Midstream, Inc.(b)
|
|
10,539
|
1,454,382
|
|
Enbridge, Inc. (Canada)
|
|
52,664
|
2,868,081
|
|
Enterprise Products Partners L.P.
|
|
71,823
|
2,732,865
|
|
Gibson Energy, Inc. (Canada)
|
|
32,446
|
742,198
|
|
Hess Midstream L.P., Class A
|
|
26,250
|
1,071,788
|
|
Keyera Corp. (Canada)
|
|
73,311
|
3,112,523
|
|
Kinder Morgan, Inc.
|
|
90,313
|
2,906,272
|
|
Kinetik Holdings, Inc., Class A
|
|
35,261
|
1,783,149
|
|
MPLX L.P.
|
|
44,298
|
2,589,218
|
|
ONEOK, Inc.
|
|
34,837
|
3,163,548
|
|
Pembina Pipeline Corp. (Canada)
|
|
64,469
|
3,154,468
|
|
South Bow Corp. (Canada)(b)
|
|
67,173
|
2,492,118
|
|
Targa Resources Corp.
|
|
19,116
|
5,168,393
|
|
TC Energy Corp. (Canada)
|
|
57,851
|
3,900,893
|
|
Williams Cos., Inc. (The)
|
|
55,696
|
3,984,492
|
|
|
|
|
46,216,128
|
|
Total Common Stocks & Other Equity Interests
(Cost $41,888,925)
|
53,902,744
|
||
|
Master Limited Partnerships &
Related Entities-16.52%
|
|
|
|
|
Oil & Gas Storage & Transportation-16.52%
|
|
|
|
|
Energy Transfer L.P.
|
|
143,603
|
2,923,757
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Storage & Transportation-
(continued)
|
|
|
|
|
Genesis Energy L.P.
|
|
129,233
|
$1,978,557
|
|
Plains GP Holdings L.P., Class A
|
|
155,349
|
4,090,339
|
|
Western Midstream Partners L.P.
|
|
38,898
|
1,811,480
|
|
|
|
|
10,804,133
|
|
Total Master Limited Partnerships & Related Entities
(Cost $8,632,892)
|
10,804,133
|
||
|
Money Market Funds-0.77%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(c)(d)
(Cost $505,447)
|
|
505,447
|
505,447
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.69%
(Cost $51,027,264)
|
65,212,324
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-6.11%
|
|||
|
Invesco Private Government Fund,
3.69%(c)(d)(e)
|
|
1,112,787
|
1,112,787
|
|
Invesco Private Prime Fund, 3.82%(c)(d)(e)
|
|
2,885,344
|
2,885,633
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $3,998,381)
|
3,998,420
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.80%
(Cost $55,025,645)
|
69,210,744
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.80)%
|
(3,793,127
)
|
||
|
NET ASSETS-100.00%
|
$65,417,617
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$606,735
|
$1,952,274
|
$(2,053,562
)
|
$-
|
$-
|
$505,447
|
$20,000
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
$430,356
|
$29,557,378
|
$(28,874,947
)
|
$-
|
$-
|
$1,112,787
|
$57,838
*
|
|
Invesco Private Prime Fund
|
1,120,268
|
61,745,756
|
(59,980,051
)
|
53
|
(393
)
|
2,885,633
|
75,648
*
|
|
Total
|
$2,157,359
|
$93,255,408
|
$(90,908,560
)
|
$53
|
$(393
)
|
$4,503,867
|
$153,486
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(e)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-36.98%
|
|||
|
Automobiles-2.48%
|
|||
|
Tesla, Inc.(b)
|
|
2,720
|
$846,491
|
|
Broadline Retail-4.66%
|
|||
|
Amazon.com, Inc.(b)
|
|
5,856
|
1,590,372
|
|
Interactive Media & Services-6.41%
|
|||
|
Alphabet, Inc., Class A
|
|
3,170
|
1,128,932
|
|
Alphabet, Inc., Class C
|
|
2,970
|
1,059,251
|
|
|
|
|
2,188,183
|
|
Semiconductors & Semiconductor Equipment-10.69%
|
|||
|
Broadcom, Inc.
|
|
2,581
|
1,004,732
|
|
NVIDIA Corp.
|
|
13,176
|
2,645,082
|
|
|
|
|
3,649,814
|
|
Software-5.50%
|
|||
|
Microsoft Corp.
|
|
4,044
|
1,879,328
|
|
|
Shares
|
Value
|
|
|
Technology Hardware, Storage & Peripherals-7.24%
|
|||
|
Apple, Inc.
|
|
7,996
|
$2,470,044
|
|
Total Common Stocks & Other Equity Interests
(Cost $9,585,519)
|
12,624,232
|
||
|
|
|||
|
Money Market Funds-53.85%
|
|
|
|
|
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.61%(c)(d)
(Cost $18,382,066)
|
|
18,382,066
|
18,382,066
|
|
TOTAL INVESTMENTS IN SECURITIES-90.83%
(Cost $27,967,585)
|
31,006,298
|
||
|
OTHER ASSETS LESS LIABILITIES-9.17%
|
3,130,800
|
||
|
NET ASSETS-100.00%
|
$34,137,098
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Premier
U.S. Government Money
Portfolio, Institutional Class
|
$15,759,350
|
$4,824,763
|
$(2,202,047
)
|
$-
|
$-
|
$18,382,066
|
$488,774
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
Open Over-The-Counter Total Return Swap Agreements
|
||||||||||
|
Counterparty
|
Pay/
Receive(a)
|
Reference Entity
|
Rate
|
Payment
Frequency
|
Maturity Date
|
Notional
Value(b)
|
Upfront
Payments
Paid
(Received)
|
Value
|
Unrealized
Appreciation
|
|
|
Equity Risk
|
|
|
|
|
|
|
|
|
||
|
Bank of America, N.A.
|
Receive
|
Bank of America
NDXMEGA2T Index
|
SOFR +
0.65%
|
Annually
|
April-2027
|
$
|
5,046,511
|
$-
|
$857,985
|
$857,985
|
|
Goldman Sachs
International
|
Receive
|
Goldman Sachs
NDXMEGA2T Index
|
SOFR +
0.70%
|
Annually
|
April-2027
|
|
5,046,525
|
-
|
856,469
|
856,469
|
|
Morgan Stanley Capital
Services LLC
|
Receive
|
Morgan Stanley
NDXMEGA2T Index
|
SOFR +
0.80%
|
Annually
|
April-2027
|
|
5,046,525
|
-
|
855,838
|
855,838
|
|
Societe Generale SA
|
Receive
|
Societe Generale
NDXMEGA2T Index
|
SOFR +
0.70%
|
Annually
|
April-2027
|
|
3,027,906
|
-
|
513,116
|
513,116
|
|
Total Over-The-Counter Total Return Swap Agreements
|
|
|
|
$—
|
$3,083,408
|
$3,083,408
|
||||
|
Abbreviations:
|
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
(a)
|
The Fund receives or pays payments based on any positive or negative return on the
Reference Entity, respectively.
|
|
(b)
|
Notional Value is denominated in U.S. Dollars unless otherwise noted.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-34.77%
|
|||
|
Advertising-0.06%
|
|||
|
Lamar Media Corp., 5.38%,
11/01/2033(b)
|
$
|
1,159,000
|
$1,127,347
|
|
Omnicom Group, Inc.
|
|
|
|
|
4.20% 03/02/2029
|
|
200,000
|
196,526
|
|
5.30% 06/02/2036(c)
|
|
215,000
|
204,235
|
|
|
|
|
1,528,108
|
|
Aerospace & Defense-0.36%
|
|||
|
BAE Systems PLC (United Kingdom)
|
|
|
|
|
5.00% 03/26/2027(b)
|
|
502,000
|
503,912
|
|
5.13% 03/26/2029(b)
|
|
462,000
|
466,544
|
|
Boeing Co. (The)
|
|
|
|
|
6.26% 05/01/2027
|
|
2,000
|
2,024
|
|
6.30% 05/01/2029
|
|
2,000
|
2,072
|
|
6.39% 05/01/2031
|
|
2,000
|
2,105
|
|
6.53% 05/01/2034
|
|
1,000
|
1,071
|
|
General Dynamics Corp., 4.95%,
08/15/2035
|
|
1,000
|
983
|
|
Honeywell Aerospace, Inc.
|
|
|
|
|
3.90% 03/16/2028(b)
|
|
1,484,000
|
1,467,610
|
|
4.00% 03/16/2029(b)
|
|
541,000
|
531,171
|
|
4.30% 03/16/2031(b)
|
|
266,000
|
258,872
|
|
4.60% 03/16/2033(b)
|
|
161,000
|
155,708
|
|
4.95% 03/16/2036(b)
|
|
311,000
|
299,913
|
|
Howmet Aerospace, Inc.
|
|
|
|
|
3.75% 03/03/2028(c)
|
|
796,000
|
785,909
|
|
3.90% 04/15/2029
|
|
97,000
|
94,927
|
|
4.85% 10/15/2031
|
|
1,000
|
993
|
|
4.55% 11/15/2032
|
|
163,000
|
158,147
|
|
4.75% 04/15/2036
|
|
75,000
|
71,424
|
|
Huntington Ingalls Industries, Inc.
|
|
|
|
|
5.35% 01/15/2030
|
|
4,000
|
4,040
|
|
5.75% 01/15/2035
|
|
1,000
|
1,017
|
|
L3Harris Technologies, Inc., 5.40%,
07/31/2033
|
|
1,000
|
1,006
|
|
Lockheed Martin Corp.
|
|
|
|
|
4.15% 08/15/2028
|
|
18,000
|
17,890
|
|
4.50% 02/15/2029
|
|
3,000
|
2,991
|
|
4.40% 08/15/2030
|
|
75,000
|
74,214
|
|
RTX Corp.
|
|
|
|
|
5.75% 01/15/2029
|
|
2,000
|
2,052
|
|
5.15% 02/27/2033
|
|
1,000
|
1,002
|
|
6.40% 03/15/2054
|
|
1,000
|
1,044
|
|
Textron, Inc., 4.95%, 03/15/2036
|
|
10,000
|
9,560
|
|
TransDigm, Inc.
|
|
|
|
|
6.75% 08/15/2028(b)
|
|
183,000
|
184,374
|
|
6.38% 03/01/2029(b)
|
|
3,280,000
|
3,323,562
|
|
6.38% 05/31/2033(b)
|
|
450,000
|
450,266
|
|
|
|
|
8,876,403
|
|
Agricultural & Farm Machinery-0.06%
|
|||
|
AGCO Corp.
|
|
|
|
|
5.45% 03/21/2027
|
|
2,000
|
2,009
|
|
5.80% 03/21/2034
|
|
1,000
|
1,005
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
9,000
|
8,998
|
|
|
Principal
Amount
|
Value
|
|
|
Agricultural & Farm Machinery-(continued)
|
|||
|
John Deere Capital Corp.
|
|
|
|
|
4.70% 06/10/2030
|
$
|
4,000
|
$4,000
|
|
4.38% 10/15/2030
|
|
114,000
|
112,381
|
|
5.10% 04/11/2034
|
|
2,000
|
1,996
|
|
Series I, 3.90% 03/09/2029
|
|
724,000
|
712,215
|
|
Series I, 4.20% 03/10/2031
|
|
698,000
|
680,685
|
|
|
|
|
1,523,289
|
|
Agricultural Products & Services-0.08%
|
|||
|
Cargill, Inc., 4.13%, 10/23/2030(b)
|
|
292,000
|
283,681
|
|
Imperial Brands Finance PLC (United
Kingdom)
|
|
|
|
|
4.88% 02/07/2032(b)
|
|
1,195,000
|
1,171,640
|
|
5.50% 07/07/2036(b)(c)
|
|
351,000
|
341,458
|
|
6.38% 07/01/2055(b)
|
|
107,000
|
103,910
|
|
|
|
|
1,900,689
|
|
Air Freight & Logistics-0.00%
|
|||
|
GXO Logistics, Inc.
|
|
|
|
|
6.25% 05/06/2029
|
|
3,000
|
3,088
|
|
6.50% 05/06/2034
|
|
1,000
|
1,038
|
|
United Parcel Service, Inc., 4.65%,
10/15/2030
|
|
23,000
|
22,932
|
|
|
|
|
27,058
|
|
Alternative Carriers-0.49%
|
|||
|
Space Exploration Technologies Corp.
|
|
|
|
|
5.35% 07/15/2031(b)
|
|
4,665,000
|
4,542,224
|
|
5.65% 07/15/2033(b)
|
|
1,248,000
|
1,196,258
|
|
5.88% 07/15/2036(b)
|
|
876,000
|
818,888
|
|
6.60% 07/15/2046(b)
|
|
1,296,000
|
1,156,708
|
|
6.65% 07/15/2056(b)(c)
|
|
4,718,000
|
4,179,315
|
|
|
|
|
11,893,393
|
|
Apparel Retail-0.02%
|
|||
|
Gap, Inc. (The), 3.63%,
10/01/2029(b)
|
|
466,000
|
438,648
|
|
Apparel, Accessories & Luxury Goods-0.01%
|
|||
|
Gildan Activewear, Inc. (Canada)
|
|
|
|
|
4.70% 10/07/2030(b)
|
|
119,000
|
116,333
|
|
5.40% 10/07/2035(b)
|
|
13,000
|
12,488
|
|
|
|
|
128,821
|
|
Application Software-0.19%
|
|||
|
RD Michigan Property Owner I LLC,
7.50%, 03/30/2045(b)
|
|
2,840,000
|
2,754,719
|
|
Roper Technologies, Inc.
|
|
|
|
|
4.25% 09/15/2028
|
|
23,000
|
22,785
|
|
4.50% 10/15/2029
|
|
3,000
|
2,969
|
|
4.45% 09/15/2030(c)
|
|
48,950
|
47,977
|
|
5.10% 09/15/2035
|
|
8,720
|
8,322
|
|
Salesforce, Inc.
|
|
|
|
|
4.90% 09/15/2031
|
|
1,007,000
|
992,607
|
|
5.55% 03/15/2036
|
|
432,000
|
421,463
|
|
6.40% 03/15/2046
|
|
199,000
|
191,705
|
|
SS&C Technologies, Inc., 5.50%,
09/30/2027(b)
|
|
182,000
|
181,878
|
|
|
|
|
4,624,425
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks-0.25%
|
|||
|
Ameriprise Financial, Inc.
|
|
|
|
|
5.70% 12/15/2028
|
$
|
3,000
|
$3,071
|
|
5.20% 04/15/2035
|
|
10,000
|
9,819
|
|
5.35% 06/15/2036
|
|
2,782,000
|
2,724,195
|
|
Bank of New York Mellon Corp. (The)
|
|
|
|
|
4.33% (SOFR + 0.68%),
06/09/2028(d)
|
|
84,000
|
84,195
|
|
4.89% 07/21/2028(e)
|
|
3,000
|
3,010
|
|
4.98% 03/14/2030(e)
|
|
2,000
|
2,009
|
|
4.54% 04/23/2032(e)
|
|
300,000
|
294,032
|
|
5.83% 10/25/2033(e)
|
|
1,000
|
1,038
|
|
5.19% 03/14/2035(e)
|
|
1,000
|
994
|
|
5.09% 04/23/2037(c)(e)
|
|
361,000
|
350,466
|
|
Series I, 3.75% (e)(f)
|
|
4,000
|
3,975
|
|
Series J, 4.97% 04/26/2034(e)
|
|
1,000
|
984
|
|
Blue Owl Capital Corp., 6.30%,
08/15/2031
|
|
585,000
|
577,717
|
|
Citadel L.P., 6.00%, 01/23/2030(b)
|
|
3,000
|
3,067
|
|
Hercules Capital, Inc., 6.30%,
07/24/2031
|
|
305,000
|
301,210
|
|
Northern Trust Corp.
|
|
|
|
|
4.15% 11/19/2030
|
|
105,000
|
102,507
|
|
5.12% 11/19/2040(e)
|
|
12,000
|
11,499
|
|
State Street Corp.
|
|
|
|
|
4.56% 04/23/2032(c)(e)
|
|
264,000
|
258,694
|
|
4.78% 10/23/2036(e)
|
|
14,000
|
13,336
|
|
5.09% 04/24/2037(e)
|
|
312,000
|
302,618
|
|
Trinity Capital, Inc., 7.00%,
05/21/2031
|
|
958,000
|
962,550
|
|
Voya Global Funding, 4.60%,
11/24/2030(b)(c)
|
|
221,600
|
216,942
|
|
|
|
|
6,227,928
|
|
Automobile Manufacturers-0.80%
|
|||
|
American Honda Finance Corp.
|
|
|
|
|
Series A, 4.55% 04/10/2028
|
|
473,000
|
472,085
|
|
Series A, 4.90% 04/10/2031
|
|
369,000
|
363,932
|
|
Daimler Truck Finance North
America LLC (Germany)
|
|
|
|
|
5.00% 01/15/2027(b)
|
|
440,000
|
441,288
|
|
4.65% 10/12/2030(b)
|
|
92,000
|
90,601
|
|
5.00% 10/12/2032(b)
|
|
298,000
|
292,983
|
|
5.38% 01/18/2034(b)
|
|
250,000
|
248,115
|
|
5.63% 01/13/2035(b)
|
|
213,000
|
213,063
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
2.70% 08/10/2026
|
|
594,000
|
593,795
|
|
7.35% 11/04/2027
|
|
480,000
|
492,472
|
|
5.92% 03/20/2028
|
|
449,000
|
454,016
|
|
6.80% 05/12/2028
|
|
485,000
|
497,700
|
|
6.80% 11/07/2028
|
|
598,000
|
615,811
|
|
7.20% 06/10/2030
|
|
471,000
|
492,978
|
|
5.42% 04/09/2031
|
|
776,000
|
763,954
|
|
Honda Motor Co. Ltd. (Japan),
4.44%, 07/08/2028
|
|
94,000
|
93,495
|
|
|
Principal
Amount
|
Value
|
|
|
Automobile Manufacturers-(continued)
|
|||
|
Hyundai Capital America
|
|
|
|
|
4.88% 06/23/2027(b)
|
$
|
96,000
|
$96,354
|
|
5.00% 01/07/2028(b)
|
|
38,000
|
38,115
|
|
5.60% 03/30/2028(b)
|
|
3,000
|
3,036
|
|
4.60% 04/06/2028(b)
|
|
1,089,000
|
1,085,393
|
|
5.35% 03/19/2029(b)
|
|
3,000
|
3,026
|
|
4.75% 04/06/2029(b)
|
|
773,000
|
767,860
|
|
5.30% 01/08/2030(b)
|
|
18,000
|
18,135
|
|
5.80% 04/01/2030(b)
|
|
3,000
|
3,064
|
|
5.00% 06/18/2031(b)(c)
|
|
1,004,000
|
992,962
|
|
5.25% 06/21/2033(b)
|
|
863,000
|
848,979
|
|
Hyundai Capital Services, Inc. (South
Korea), 5.25%, 01/22/2028(b)
|
|
2,198,000
|
2,211,267
|
|
Mercedes-Benz Finance North
America LLC (Germany)
|
|
|
|
|
4.80% 01/11/2027(b)(c)
|
|
443,000
|
443,853
|
|
4.13% 03/10/2028(b)
|
|
1,528,000
|
1,514,815
|
|
5.10% 08/03/2028(b)(c)
|
|
469,000
|
472,169
|
|
4.85% 01/11/2029(b)
|
|
382,000
|
382,049
|
|
PACCAR Financial Corp., 4.00%,
09/26/2029
|
|
14,000
|
13,795
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.55% 08/09/2029
|
|
4,000
|
3,984
|
|
5.10% 03/21/2031
|
|
4,000
|
4,033
|
|
Series B, 4.05% 03/13/2029
|
|
772,000
|
761,605
|
|
Series B, 4.55% 05/14/2031
|
|
1,552,000
|
1,527,368
|
|
Series B, 4.60% 03/11/2033
|
|
236,000
|
228,284
|
|
Volkswagen Group of America
Finance LLC (Germany)
|
|
|
|
|
4.90% 08/14/2026(b)(c)
|
|
614,000
|
614,081
|
|
5.25% 03/22/2029(b)(c)
|
|
596,000
|
599,091
|
|
4.95% 08/15/2029(b)
|
|
474,000
|
472,180
|
|
5.60% 03/22/2034(b)
|
|
199,000
|
197,137
|
|
|
|
|
19,428,923
|
|
Automotive Parts & Equipment-0.37%
|
|||
|
American Axle & Manufacturing, Inc.
|
|
|
|
|
6.38% 10/15/2032(b)
|
|
328,000
|
326,413
|
|
7.75% 10/15/2033(b)(c)
|
|
122,000
|
120,225
|
|
BMW US Capital LLC (Germany)
|
|
|
|
|
4.40% 03/19/2029(b)(c)
|
|
1,447,000
|
1,431,596
|
|
4.50% 08/11/2030(b)
|
|
24,000
|
23,514
|
|
4.65% 03/19/2031(b)
|
|
984,000
|
962,639
|
|
5.00% 03/19/2033(b)
|
|
274,000
|
267,066
|
|
Clarios Global L.P./Clarios US Finance
Co., 6.75%, 02/15/2030(b)
|
|
361,000
|
370,354
|
|
ERAC USA Finance LLC
|
|
|
|
|
5.00% 02/15/2029(b)
|
|
3,000
|
3,019
|
|
4.50% 10/30/2029(b)
|
|
1,190,000
|
1,176,888
|
|
4.70% 04/30/2031(b)(c)
|
|
1,111,000
|
1,097,056
|
|
4.90% 05/01/2033(b)
|
|
1,000
|
980
|
|
5.25% 04/30/2036(b)
|
|
265,000
|
259,376
|
|
Phinia, Inc., 6.75%, 04/15/2029(b)
|
|
806,000
|
820,357
|
|
ZF North America Capital, Inc.
(Germany)
|
|
|
|
|
6.88% 04/14/2028(b)
|
|
730,000
|
743,618
|
|
7.13% 04/14/2030(b)
|
|
146,000
|
147,041
|
|
6.75% 04/23/2030(b)
|
|
26,000
|
25,822
|
|
7.50% 03/24/2031(b)(c)
|
|
1,039,000
|
1,046,978
|
|
6.88% 04/23/2032(b)
|
|
162,000
|
159,252
|
|
|
|
|
8,982,194
|
|
|
Principal
Amount
|
Value
|
|
|
Automotive Retail-0.10%
|
|||
|
Advance Auto Parts, Inc.
|
|
|
|
|
7.00% 08/01/2030(b)
|
$
|
595,000
|
$610,158
|
|
7.38% 08/01/2033(b)(c)
|
|
369,000
|
381,155
|
|
AutoZone, Inc., 5.20%, 08/01/2033
|
|
1,000
|
991
|
|
Lithia Motors, Inc., 5.50%,
10/01/2030(b)
|
|
1,548,000
|
1,526,847
|
|
O’Reilly Automotive, Inc., 5.00%,
08/19/2034
|
|
1,000
|
972
|
|
|
|
|
2,520,123
|
|
Biotechnology-0.00%
|
|||
|
AbbVie, Inc.
|
|
|
|
|
4.80% 03/15/2029
|
|
4,000
|
4,013
|
|
5.05% 03/15/2034
|
|
1,000
|
993
|
|
5.40% 03/15/2054
|
|
1,000
|
916
|
|
Amgen, Inc.
|
|
|
|
|
5.15% 03/02/2028
|
|
2,000
|
2,016
|
|
5.25% 03/02/2030
|
|
3,000
|
3,037
|
|
Gilead Sciences, Inc., 5.55%,
10/15/2053
|
|
1,000
|
939
|
|
|
|
|
11,914
|
|
Brewers-0.02%
|
|||
|
Maple Parent Holdings Corp., 4.75%,
03/26/2029(b)
|
|
407,000
|
405,487
|
|
Broadcasting-0.12%
|
|||
|
Nexstar Media, Inc.
|
|
|
|
|
6.50% 09/15/2033(b)
|
|
1,487,000
|
1,480,673
|
|
7.25% 04/15/2034(b)(c)
|
|
1,478,000
|
1,482,524
|
|
|
|
|
2,963,197
|
|
Broadline Retail-0.67%
|
|||
|
Amazon.com, Inc.
|
|
|
|
|
4.60% 07/09/2029
|
|
6,321,000
|
6,300,542
|
|
4.25% 03/13/2031
|
|
1,329,000
|
1,289,558
|
|
4.80% 07/09/2031
|
|
5,730,000
|
5,677,196
|
|
4.88% 03/13/2036
|
|
540,000
|
517,044
|
|
5.30% 07/09/2036(c)
|
|
2,122,000
|
2,085,754
|
|
5.65% 03/13/2046
|
|
456,000
|
426,777
|
|
eBay, Inc., 4.25%, 03/06/2029
|
|
164,000
|
161,913
|
|
|
|
|
16,458,784
|
|
Building Products-0.05%
|
|||
|
Carrier Global Corp., 5.90%,
03/15/2034
|
|
1,000
|
1,034
|
|
CRH America Finance, Inc.
|
|
|
|
|
4.40% 02/09/2031
|
|
179,000
|
174,752
|
|
5.00% 02/09/2036
|
|
22,000
|
21,103
|
|
5.60% 02/09/2056
|
|
1,000
|
934
|
|
HP Communities LLC
|
|
|
|
|
5.78% 03/15/2046(b)
|
|
150,000
|
135,948
|
|
5.86% 09/15/2053(b)
|
|
100,000
|
87,652
|
|
Lennox International, Inc., 5.50%,
09/15/2028
|
|
2,000
|
2,031
|
|
Rentokil Terminix Funding PLC (United
Kingdom), 4.63%, 04/23/2031(b)
|
|
795,000
|
773,295
|
|
|
|
|
1,196,749
|
|
|
Principal
Amount
|
Value
|
|
|
Cable & Satellite-0.01%
|
|||
|
CCO Holdings LLC/CCO Holdings
Capital Corp.
|
|
|
|
|
6.38% 09/01/2029(b)
|
$
|
126,000
|
$125,281
|
|
7.38% 03/01/2031(b)
|
|
10,000
|
9,970
|
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
Corp., 5.85%, 12/01/2035
|
|
8,000
|
7,475
|
|
|
|
|
142,726
|
|
Cargo Ground Transportation-0.25%
|
|||
|
Fedex Freight Holding Co., Inc.
|
|
|
|
|
4.30% 03/15/2029(b)
|
|
236,000
|
231,922
|
|
4.65% 03/15/2031(b)(c)
|
|
205,600
|
200,252
|
|
4.95% 03/15/2033(b)
|
|
39,000
|
37,663
|
|
Penske Truck Leasing Co. L.P./PTL
Finance Corp.
|
|
|
|
|
5.35% 01/12/2027(b)
|
|
2,000
|
2,006
|
|
5.70% 02/01/2028(b)
|
|
3,000
|
3,039
|
|
5.55% 05/01/2028(b)
|
|
2,000
|
2,022
|
|
6.05% 08/01/2028(b)
|
|
2,000
|
2,043
|
|
5.25% 02/01/2030(b)
|
|
29,000
|
29,115
|
|
4.55% 01/15/2031(b)
|
|
181,000
|
177,524
|
|
Ryder System, Inc.
|
|
|
|
|
4.90% 12/01/2029
|
|
12,000
|
12,024
|
|
4.30% 12/01/2030
|
|
196,000
|
191,394
|
|
5.00% 09/15/2031
|
|
5,256,000
|
5,225,086
|
|
|
|
|
6,114,090
|
|
Casinos & Gaming-0.02%
|
|||
|
Las Vegas Sands Corp.
|
|
|
|
|
5.30% 05/15/2031
|
|
266,000
|
262,585
|
|
5.65% 05/18/2033
|
|
215,000
|
212,570
|
|
|
|
|
475,155
|
|
Coal & Consumable Fuels-0.25%
|
|||
|
Australian MetCoal Financing Pty Ltd.
(Australia)
|
|
|
|
|
6.25% 10/22/2031(b)
|
|
326,000
|
328,903
|
|
6.75% 04/22/2034(b)
|
|
383,000
|
389,373
|
|
Rio Grande LNG LLC
|
|
|
|
|
5.25% 06/30/2031(b)
|
|
2,040,000
|
2,015,452
|
|
5.50% 01/30/2034(b)(c)
|
|
1,132,000
|
1,107,411
|
|
5.75% 06/30/2036(b)
|
|
1,482,000
|
1,439,542
|
|
6.15% 06/30/2041(b)
|
|
918,000
|
888,654
|
|
|
|
|
6,169,335
|
|
Commercial & Residential Mortgage Finance-0.16%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
6.25% 04/15/2028(b)
|
|
3,000
|
3,060
|
|
6.75% 10/25/2028(b)
|
|
3,000
|
3,107
|
|
4.25% 04/30/2029(b)
|
|
89,000
|
87,305
|
|
4.80% 10/24/2030(b)
|
|
122,000
|
119,886
|
|
Nationwide Building Society (United
Kingdom)
|
|
|
|
|
6.56% 10/18/2027(b)(e)
|
|
434,000
|
435,589
|
|
5.05% 07/14/2032(b)(e)
|
|
2,872,000
|
2,835,126
|
|
Radian Group, Inc., 6.20%,
05/15/2029
|
|
3,000
|
3,090
|
|
|
Principal
Amount
|
Value
|
|
|
Commercial & Residential Mortgage Finance-(continued)
|
|||
|
Rocket Cos., Inc.
|
|
|
|
|
6.13% 08/01/2030(b)
|
$
|
229,000
|
$230,981
|
|
6.50% 06/15/2034(b)
|
|
298,000
|
300,728
|
|
|
|
|
4,018,872
|
|
Computer & Electronics Retail-0.02%
|
|||
|
Dell International LLC/EMC Corp.,
5.50%, 04/01/2035
|
|
18,000
|
17,886
|
|
Leidos, Inc.
|
|
|
|
|
4.10% 03/15/2029
|
|
370,000
|
362,838
|
|
5.75% 03/15/2033
|
|
1,000
|
1,017
|
|
|
|
|
381,741
|
|
Construction Machinery & Heavy Transportation Equipment-0.26%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
3.75% 02/23/2029
|
|
2,024,000
|
1,983,822
|
|
4.13% (SOFR + 0.49%),
02/23/2029(c)(d)
|
|
807,000
|
806,691
|
|
Series L, 4.50% 05/15/2031
|
|
919,000
|
906,289
|
|
Caterpillar, Inc., 5.20%, 05/15/2035
|
|
8,000
|
8,013
|
|
Cummins, Inc.
|
|
|
|
|
4.70% 02/15/2031
|
|
76,000
|
75,664
|
|
5.30% 05/09/2035
|
|
12,000
|
11,982
|
|
Komatsu Finance America, Inc.,
4.20%, 09/18/2030(b)
|
|
730,000
|
710,472
|
|
SMBC Aviation Capital Finance DAC
(Ireland), 4.95%, 07/23/2029(b)
|
|
1,763,000
|
1,759,446
|
|
Westinghouse Air Brake Technologies
Corp.
|
|
|
|
|
4.90% 05/29/2030
|
|
47,000
|
46,873
|
|
5.50% 05/29/2035
|
|
15,000
|
15,037
|
|
|
|
|
6,324,289
|
|
Construction Materials-0.00%
|
|||
|
JH North America Holdings, Inc.
|
|
|
|
|
5.88% 01/31/2031(b)
|
|
31,000
|
30,958
|
|
6.13% 07/31/2032(b)
|
|
20,000
|
20,035
|
|
|
|
|
50,993
|
|
Consumer Electronics-0.03%
|
|||
|
LG Electronics, Inc. (South Korea),
5.63%, 04/24/2029(b)(c)
|
|
554,000
|
562,828
|
|
Sensata Technologies B.V., 4.00%,
04/15/2029(b)
|
|
142,000
|
136,765
|
|
|
|
|
699,593
|
|
Consumer Finance-0.18%
|
|||
|
American Express Co.
|
|
|
|
|
4.01% 02/09/2029(e)
|
|
1,000,000
|
991,063
|
|
4.73% 04/25/2029(e)
|
|
27,000
|
27,027
|
|
4.94% (SOFR + 1.26%),
04/25/2029(d)
|
|
91,000
|
92,056
|
|
4.35% 07/20/2029(e)
|
|
164,000
|
163,085
|
|
4.48% (SOFR + 0.81%),
07/20/2029(c)(d)
|
|
245,000
|
246,203
|
|
5.53% 04/25/2030(e)
|
|
3,000
|
3,052
|
|
5.02% 04/25/2031(e)
|
|
40,000
|
40,137
|
|
4.92% 07/20/2033(e)
|
|
53,000
|
52,282
|
|
4.80% 10/24/2036(e)
|
|
45,000
|
42,661
|
|
Capital One Financial Corp.
|
|
|
|
|
7.15% 10/29/2027(e)
|
|
2,000
|
2,011
|
|
4.49% 09/11/2031(e)
|
|
57,200
|
55,762
|
|
5.40% 01/30/2037(e)
|
|
12,000
|
11,615
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance-(continued)
|
|||
|
FirstCash, Inc.
|
|
|
|
|
4.63% 09/01/2028(b)(c)
|
$
|
2,056,000
|
$2,019,445
|
|
6.88% 03/01/2032(b)
|
|
549,000
|
557,575
|
|
Synchrony Financial, 5.02%,
07/29/2029(e)
|
|
19,000
|
18,952
|
|
|
|
|
4,322,926
|
|
Distillers & Vintners-0.00%
|
|||
|
Constellation Brands, Inc.
|
|
|
|
|
4.90% 05/01/2033
|
|
1,000
|
975
|
|
4.95% 11/01/2035
|
|
8,000
|
7,641
|
|
|
|
|
8,616
|
|
Distributors-0.00%
|
|||
|
Genuine Parts Co.
|
|
|
|
|
6.50% 11/01/2028
|
|
2,000
|
2,064
|
|
4.95% 08/15/2029
|
|
18,000
|
17,884
|
|
|
|
|
19,948
|
|
Diversified Banks-6.97%
|
|||
|
Australia and New Zealand Banking
Group Ltd. (Australia), 6.74%,
12/08/2032(b)(c)
|
|
417,000
|
444,407
|
|
Banco Bilbao Vizcaya Argentaria S.A.
(Spain)
|
|
|
|
|
4.53% (SOFR + 0.88%),
03/03/2029(d)
|
|
800,000
|
802,343
|
|
4.97% 05/08/2031
|
|
800,000
|
791,856
|
|
7.13% (e)(f)
|
|
1,816,000
|
1,816,387
|
|
9.38% (c)(e)(f)
|
|
422,000
|
457,584
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
5.55% 03/14/2028(e)
|
|
600,000
|
603,285
|
|
4.60% 04/15/2029
|
|
800,000
|
793,749
|
|
5.07% 11/06/2030
|
|
800,000
|
782,033
|
|
4.87% 04/15/2031
|
|
800,000
|
788,059
|
|
7.25% (e)(f)
|
|
950,000
|
953,073
|
|
9.63% (e)(f)
|
|
800,000
|
868,904
|
|
9.63% (e)(f)
|
|
200,000
|
233,465
|
|
Bank of America Corp.
|
|
|
|
|
4.73% (SOFR + 1.05%),
02/04/2028(d)
|
|
2,000
|
2,006
|
|
4.95% 07/22/2028(e)
|
|
3,000
|
3,009
|
|
4.51% (SOFR + 0.83%),
01/24/2029(d)
|
|
18,000
|
18,056
|
|
4.98% 01/24/2029(e)
|
|
57,000
|
57,228
|
|
5.20% 04/25/2029(e)
|
|
3,000
|
3,025
|
|
4.62% 05/09/2029(e)
|
|
32,000
|
31,938
|
|
4.48% 04/23/2030(e)
|
|
284,000
|
280,934
|
|
4.69% (SOFR + 1.01%),
01/24/2031(d)
|
|
14,000
|
14,073
|
|
5.16% 01/24/2031(e)
|
|
4,000
|
4,021
|
|
4.46% 02/06/2032(e)
|
|
386,000
|
375,647
|
|
4.70% 04/23/2032(e)
|
|
144,000
|
141,343
|
|
5.49% 04/23/2037(e)
|
|
529,000
|
515,563
|
|
6.63% (e)(f)
|
|
43,000
|
43,924
|
|
Series N, 4.55% (SOFR + 0.87%),
02/06/2032(d)
|
|
492,000
|
490,703
|
|
Series RR, 4.38% (e)(f)
|
|
152,000
|
151,154
|
|
Bank of Montreal (Canada)
|
|
|
|
|
7.70% 05/26/2084(e)
|
|
553,000
|
573,916
|
|
7.30% 11/26/2084(e)
|
|
262,000
|
271,228
|
|
Series J, 4.34% 03/19/2030(c)(e)
|
|
503,000
|
497,295
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Bank of New Zealand (New Zealand),
5.70%, 01/28/2035(b)(e)
|
$
|
760,000
|
$768,703
|
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
4.58% 06/05/2029(c)(e)
|
|
3,315,000
|
3,301,198
|
|
4.90% 06/05/2032(e)
|
|
1,526,000
|
1,506,610
|
|
8.63% 10/27/2082(e)
|
|
762,000
|
789,401
|
|
8.00% 01/27/2084(c)(e)
|
|
531,000
|
557,281
|
|
Banque Federative du Credit Mutuel
S.A. (France)
|
|
|
|
|
4.59% 10/16/2028(b)(c)
|
|
752,000
|
748,372
|
|
5.15% 07/09/2032(b)(e)
|
|
3,173,000
|
3,132,566
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
4.22% 05/24/2030(e)
|
|
916,000
|
895,935
|
|
4.57% (SOFR + 0.93%),
05/24/2030(d)
|
|
682,000
|
682,272
|
|
4.91% 06/26/2030(e)
|
|
2,471,000
|
2,458,210
|
|
5.37% 02/25/2031(c)(e)
|
|
491,000
|
493,879
|
|
4.52% 02/24/2032(e)
|
|
391,000
|
378,107
|
|
5.10% 06/26/2032(e)
|
|
2,511,000
|
2,479,576
|
|
BBVA Bancomer S.A. (Mexico),
5.40%, 06/03/2031(b)
|
|
1,087,000
|
1,081,076
|
|
BNP Paribas S.A. (France)
|
|
|
|
|
4.79% 05/09/2029(b)(e)
|
|
613,000
|
612,158
|
|
5.06% (SOFR + 1.43%),
05/09/2029(b)(d)
|
|
754,000
|
761,687
|
|
5.09% 05/09/2031(b)(e)
|
|
640,000
|
639,170
|
|
Canadian Imperial Bank of Commerce
(Canada), 6.75%, 01/28/2087(e)
|
|
5,952,000
|
5,871,186
|
|
Citigroup, Inc.
|
|
|
|
|
4.77% (SOFR + 1.14%),
05/07/2028(d)
|
|
77,000
|
77,323
|
|
5.17% 02/13/2030(e)
|
|
4,000
|
4,023
|
|
4.54% 09/19/2030(e)
|
|
17,000
|
16,800
|
|
5.09% (SOFR + 1.46%),
05/07/2031(d)
|
|
240,000
|
244,510
|
|
4.50% 09/11/2031(e)
|
|
81,400
|
79,554
|
|
6.17% 05/25/2034(e)
|
|
2,000
|
2,053
|
|
5.83% 02/13/2035(e)
|
|
2,000
|
2,006
|
|
5.41% 09/19/2039(e)
|
|
7,000
|
6,789
|
|
5.61% 03/04/2056(e)
|
|
2,000
|
1,873
|
|
6.63% (c)(e)(f)
|
|
1,656,400
|
1,665,020
|
|
Series AA, 7.63% (e)(f)
|
|
1,638,000
|
1,701,058
|
|
Series BB, 7.20% (c)(e)(f)
|
|
1,392,000
|
1,419,769
|
|
Series DD, 7.00% (c)(e)(f)
|
|
1,097,000
|
1,121,968
|
|
Series JJ, 6.50% (c)(e)(f)
|
|
4,229,000
|
4,224,392
|
|
Series Z, 7.38% (c)(e)(f)
|
|
1,324,000
|
1,355,750
|
|
Commonwealth Bank of Australia
(Australia), Series C, 4.36%,
03/27/2029(c)
|
|
1,093,000
|
1,087,934
|
|
Cooperatieve Rabobank U.A.
(Netherlands)
|
|
|
|
|
3.65% 04/06/2028(b)(c)(e)
|
|
652,000
|
647,885
|
|
3.96% 10/17/2028
|
|
1,043,000
|
1,031,922
|
|
Corporacion Financiera de Desarrollo
S.A. (Peru), 5.95%,
04/30/2029(b)(c)
|
|
915,000
|
932,385
|
|
Credit Agricole S.A. (France)
|
|
|
|
|
5.19% 08/01/2032(b)(e)
|
|
2,617,000
|
2,599,201
|
|
4.82% 09/25/2033(b)(c)(e)
|
|
482,000
|
466,270
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Danske Bank A/S (Denmark)
|
|
|
|
|
4.66% 03/27/2029(b)(c)(e)
|
$
|
862,000
|
$861,625
|
|
5.00% 03/27/2032(b)(e)
|
|
459,000
|
454,615
|
|
Depository Trust Co. (The)
|
|
|
|
|
4.30% 03/27/2029(b)(c)
|
|
1,038,000
|
1,029,219
|
|
4.55% 03/27/2031(b)
|
|
831,000
|
820,021
|
|
Federation des Caisses Desjardins du
Quebec (Canada)
|
|
|
|
|
4.55% 08/23/2027(b)(c)
|
|
574,000
|
574,997
|
|
5.02% 05/27/2031(b)
|
|
1,927,000
|
1,920,656
|
|
Fifth Third Bancorp
|
|
|
|
|
1.71% 11/01/2027(e)
|
|
2,000
|
1,986
|
|
6.34% 07/27/2029(e)
|
|
2,000
|
2,057
|
|
5.98% 01/30/2030(b)(e)
|
|
2,000
|
2,047
|
|
4.77% 07/28/2030(e)
|
|
3,000
|
2,984
|
|
5.63% 01/29/2032(e)
|
|
2,000
|
2,034
|
|
4.57% 04/29/2032(c)(e)
|
|
187,000
|
181,760
|
|
HSBC Holdings PLC (United Kingdom)
|
|
|
|
|
5.60% 05/17/2028(e)
|
|
442,000
|
445,110
|
|
5.21% 08/11/2028(e)
|
|
456,000
|
458,241
|
|
4.40% 03/10/2030(e)
|
|
790,000
|
779,124
|
|
4.71% 05/12/2030(c)(e)
|
|
738,000
|
731,900
|
|
5.29% 11/19/2030(e)
|
|
500,000
|
502,908
|
|
5.13% 03/03/2031(e)
|
|
600,000
|
599,251
|
|
5.20% (SOFR + 1.57%),
05/13/2031(d)
|
|
758,000
|
775,451
|
|
5.24% 05/13/2031(e)
|
|
761,000
|
762,786
|
|
4.68% 03/10/2032(e)
|
|
352,000
|
343,768
|
|
6.33% 03/09/2044(e)
|
|
156,000
|
160,257
|
|
6.75% (e)(f)
|
|
761,000
|
765,539
|
|
6.88% (e)(f)
|
|
623,000
|
633,764
|
|
7.00% (e)(f)
|
|
325,000
|
330,534
|
|
7.05% (e)(f)
|
|
721,000
|
737,694
|
|
Series 1, 6.75% (e)(f)
|
|
422,000
|
419,061
|
|
ING Bank N.V. (Netherlands), 4.56%,
07/07/2029(b)
|
|
3,109,000
|
3,096,610
|
|
ING Groep N.V. (Netherlands), 5.34%,
03/19/2030(e)
|
|
590,000
|
596,837
|
|
Intesa Sanpaolo S.p.A. (Italy)
|
|
|
|
|
5.00% 06/29/2030(b)(e)
|
|
960,000
|
955,918
|
|
5.20% 06/29/2032(b)(e)
|
|
2,042,000
|
2,020,074
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
JPMorgan Chase & Co.
|
|
|
|
|
5.57% 04/22/2028(e)
|
$
|
4,000
|
$4,028
|
|
4.85% 07/25/2028(e)
|
|
3,000
|
3,006
|
|
4.92% 01/24/2029(e)
|
|
4,000
|
4,015
|
|
5.30% 07/24/2029(e)
|
|
3,000
|
3,032
|
|
6.09% 10/23/2029(e)
|
|
3,000
|
3,081
|
|
5.01% 01/23/2030(e)
|
|
3,000
|
3,009
|
|
5.58% 04/22/2030(e)
|
|
3,000
|
3,051
|
|
4.41% 04/23/2030(e)
|
|
1,237,000
|
1,220,544
|
|
5.00% 07/22/2030(e)
|
|
3,000
|
3,006
|
|
4.86% 07/23/2030(c)(e)
|
|
2,787,000
|
2,781,510
|
|
4.60% 10/22/2030(e)
|
|
16,000
|
15,842
|
|
5.14% 01/24/2031(e)
|
|
13,000
|
13,051
|
|
5.10% 04/22/2031(e)
|
|
34,000
|
34,101
|
|
4.26% 10/22/2031(e)
|
|
121,000
|
117,225
|
|
4.35% 01/22/2032(e)
|
|
165,000
|
159,971
|
|
4.62% 04/23/2032(e)
|
|
1,150,000
|
1,125,332
|
|
5.04% 07/23/2032(e)
|
|
1,468,000
|
1,461,910
|
|
5.72% 09/14/2033(e)
|
|
1,000
|
1,019
|
|
5.34% 01/23/2035(e)
|
|
1,000
|
997
|
|
4.81% 10/22/2036(e)
|
|
24,600
|
23,366
|
|
4.90% 01/22/2037(e)
|
|
41,000
|
39,136
|
|
5.15% 04/23/2037(c)(e)
|
|
242,000
|
234,747
|
|
5.80% 07/23/2041(e)
|
|
2,114,000
|
2,093,428
|
|
5.53% 11/29/2045(e)
|
|
3,000
|
2,859
|
|
Series 1, 4.52% (SOFR + 0.85%),
07/23/2030(d)
|
|
3,797,000
|
3,803,417
|
|
Series NN, 6.88% (e)(f)
|
|
4,000
|
4,133
|
|
Series OO, 6.50% (e)(f)
|
|
19,000
|
19,304
|
|
Series PP, 6.10% (e)(f)
|
|
2,615,000
|
2,605,667
|
|
KeyBank N.A., 5.85%, 11/15/2027
|
|
571,000
|
578,992
|
|
KeyCorp
|
|
|
|
|
2.55% 10/01/2029
|
|
3,000
|
2,797
|
|
5.31% 01/28/2037(e)
|
|
19,000
|
18,398
|
|
Lloyds Banking Group PLC (United
Kingdom)
|
|
|
|
|
4.43% 11/04/2031(c)(e)
|
|
438,000
|
426,346
|
|
6.63% (e)(f)
|
|
151,000
|
148,529
|
|
Macquarie Bank Ltd. (Australia)
|
|
|
|
|
4.16% (SOFR + 0.48%),
02/03/2028(b)(d)
|
|
471,000
|
471,657
|
|
5.82% 06/10/2037(b)(e)
|
|
2,123,000
|
2,077,807
|
|
Manufacturers & Traders Trust Co.,
4.70%, 01/27/2028
|
|
548,000
|
548,437
|
|
Mitsubishi Ufj Financial Group, Inc.
(Japan)
|
|
|
|
|
4.59% 04/18/2030(e)
|
|
740,000
|
733,985
|
|
4.98% 07/24/2030(c)(e)
|
|
1,533,000
|
1,534,584
|
|
4.85% 04/21/2032(e)
|
|
480,000
|
473,079
|
|
5.19% 07/23/2032(e)
|
|
1,126,000
|
1,124,455
|
|
5.33% 04/21/2037(e)
|
|
339,000
|
331,188
|
|
5.87% 04/21/2047(e)
|
|
311,000
|
302,409
|
|
6.05% 07/24/2047(e)
|
|
925,000
|
918,187
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Mitsubishi UFJ Financial Group, Inc.
(Japan)
|
|
|
|
|
5.02% 07/20/2028(e)
|
$
|
479,000
|
$480,731
|
|
5.26% 04/17/2030(e)
|
|
553,000
|
557,771
|
|
5.15% (SOFR + 1.48%),
04/24/2031(d)
|
|
482,000
|
491,899
|
|
5.16% 04/24/2031(e)
|
|
459,000
|
459,654
|
|
4.53% 09/12/2031(e)
|
|
349,000
|
341,274
|
|
5.41% 04/19/2034(e)
|
|
50,000
|
50,222
|
|
5.43% 04/17/2035(e)
|
|
63,000
|
62,792
|
|
5.57% 01/16/2036(e)
|
|
65,000
|
65,069
|
|
5.19% 09/12/2036(c)(e)
|
|
359,000
|
349,497
|
|
6.35% (c)(e)(f)
|
|
969,000
|
959,475
|
|
8.20% (e)(f)
|
|
1,378,000
|
1,481,911
|
|
Mizuho Bank Ltd. (Japan)
|
|
|
|
|
4.40% 04/16/2029(b)
|
|
860,000
|
855,160
|
|
5.19% 04/16/2036(b)(c)
|
|
357,000
|
349,034
|
|
5.77% 04/16/2046(b)
|
|
432,000
|
415,672
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
5.78% 07/06/2029(e)
|
|
570,000
|
580,928
|
|
5.38% 07/10/2030(c)(e)
|
|
499,000
|
504,959
|
|
4.78% 07/13/2030(e)
|
|
5,400,000
|
5,368,868
|
|
4.71% 07/08/2031(e)
|
|
719,000
|
709,022
|
|
4.91% (SOFR + 1.25%),
07/08/2031(d)
|
|
746,000
|
755,480
|
|
4.97% 07/13/2032(e)
|
|
2,890,000
|
2,856,259
|
|
5.59% 07/10/2035(e)
|
|
258,000
|
259,585
|
|
5.82% 07/13/2047(e)
|
|
3,248,000
|
3,111,028
|
|
Morgan Stanley Bank N.A.
|
|
|
|
|
5.02% 01/12/2029(e)
|
|
730,000
|
733,514
|
|
4.61% (SOFR + 0.98%),
05/10/2030(c)(d)
|
|
2,291,000
|
2,304,069
|
|
Morgan Stanley Private Bank N.A.
|
|
|
|
|
4.47% 07/06/2028(c)(e)
|
|
1,027,000
|
1,025,575
|
|
4.21% 02/08/2030(e)
|
|
1,073,000
|
1,055,038
|
|
4.40% (SOFR + 0.77%),
02/08/2030(d)
|
|
1,048,000
|
1,045,175
|
|
4.73% 07/18/2031(e)
|
|
553,000
|
545,974
|
|
National Australia Bank Ltd.
(Australia), 5.90%,
01/14/2036(b)(e)
|
|
67,000
|
67,379
|
|
National Securities Clearing Corp.
|
|
|
|
|
5.10% 11/21/2027(b)
|
|
596,000
|
600,944
|
|
5.00% 05/30/2028(b)
|
|
560,000
|
564,604
|
|
NatWest Markets PLC (United
Kingdom), 4.65%, 03/27/2029(b)
|
|
816,000
|
811,624
|
|
Nordea Bank Abp (Finland)
|
|
|
|
|
4.25% 08/28/2030(b)(c)
|
|
759,000
|
742,985
|
|
6.30% (b)(c)(e)(f)
|
|
420,000
|
421,589
|
|
6.75% (b)(c)(e)(f)
|
|
303,000
|
302,225
|
|
Norinchukin Bank (The) (Japan),
5.09%, 10/16/2029(b)(c)
|
|
623,000
|
623,820
|
|
Pinnacle Bank
|
|
|
|
|
5.63% 02/15/2028
|
|
730,000
|
735,045
|
|
5.96% 01/15/2036(e)
|
|
843,400
|
831,142
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
PNC Financial Services Group, Inc.
(The)
|
|
|
|
|
6.62% 10/20/2027(e)
|
$
|
3,000
|
$3,013
|
|
4.08% 01/26/2029(e)
|
|
260,000
|
257,584
|
|
4.30% (SOFR + 0.62%),
01/26/2029(d)
|
|
427,000
|
426,803
|
|
5.58% 06/12/2029(e)
|
|
2,000
|
2,030
|
|
4.36% (SOFR + 0.68%),
10/26/2029(d)
|
|
3,127,000
|
3,124,860
|
|
4.62% 10/26/2029(c)(e)
|
|
2,484,000
|
2,476,317
|
|
4.90% 05/13/2031(e)
|
|
62,000
|
61,782
|
|
5.37% 07/21/2036(e)
|
|
6,000
|
5,932
|
|
5.42% 01/25/2041(e)
|
|
24,000
|
23,014
|
|
Series V, 6.20% (e)(f)
|
|
4,000
|
4,030
|
|
Series W, 6.25% (e)(f)
|
|
4,000
|
4,044
|
|
Royal Bank of Canada (Canada)
|
|
|
|
|
4.38% (SOFR + 0.71%),
01/21/2027(d)
|
|
2,000
|
2,004
|
|
4.95% 02/01/2029
|
|
2,000
|
2,015
|
|
7.50% 05/02/2084(c)(e)
|
|
448,000
|
462,952
|
|
6.50% 11/24/2085(e)
|
|
137,000
|
133,093
|
|
6.50% 05/24/2086(c)(e)
|
|
439,000
|
430,669
|
|
Societe Generale S.A. (France),
4.86%, 07/07/2029(b)(e)
|
|
2,774,000
|
2,763,611
|
|
Standard Chartered PLC (United
Kingdom)
|
|
|
|
|
6.75% 02/08/2028(b)(c)(e)
|
|
448,000
|
452,691
|
|
7.02% 02/08/2030(b)(e)
|
|
525,000
|
549,853
|
|
5.01% 10/15/2030(b)(c)(e)
|
|
585,000
|
584,137
|
|
5.24% 05/13/2031(b)(c)(e)
|
|
543,000
|
545,670
|
|
5.31% (SOFR + 1.68%),
05/13/2031(b)(c)(d)
|
|
659,000
|
676,156
|
|
2.68% 06/29/2032(b)(e)
|
|
810,000
|
718,394
|
|
7.00% (b)(e)(f)
|
|
1,519,000
|
1,510,496
|
|
7.75% (b)(e)(f)
|
|
557,000
|
572,187
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan)
|
|
|
|
|
4.93% 07/07/2032(c)(e)
|
|
1,084,000
|
1,071,258
|
|
5.14% 07/07/2034(e)
|
|
495,000
|
486,575
|
|
5.33% 03/03/2041(e)
|
|
167,000
|
159,522
|
|
5.75% 07/07/2047(e)
|
|
670,000
|
641,875
|
|
6.60% (c)(e)(f)
|
|
676,000
|
674,690
|
|
Sumitomo Mitsui Trust Bank Ltd.
(Japan)
|
|
|
|
|
5.65% 09/14/2026(b)
|
|
558,000
|
558,950
|
|
5.55% 09/14/2028(b)
|
|
487,000
|
495,730
|
|
5.20% 03/07/2029(b)
|
|
560,000
|
566,020
|
|
4.35% 09/11/2030(b)(c)
|
|
624,000
|
612,508
|
|
Sumitomo Mitsui Trust Group, Inc.
(Japan), 5.42%, 09/11/2036(b)(e)
|
|
284,000
|
274,228
|
|
Toronto-Dominion Bank (The)
(Canada)
|
|
|
|
|
4.93% 10/15/2035
|
|
13,000
|
12,477
|
|
8.13% 10/31/2082(e)
|
|
501,000
|
516,536
|
|
Truist Bank, 4.44% (SOFR + 0.77%),
07/24/2028(d)
|
|
993,000
|
994,280
|
|
U.S. Bancorp
|
|
|
|
|
5.78% 06/12/2029(e)
|
|
111,000
|
113,063
|
|
5.38% 01/23/2030(e)
|
|
4,000
|
4,050
|
|
4.48% 01/26/2032(e)
|
|
212,000
|
206,679
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
UBS AG (Switzerland)
|
|
|
|
|
4.13% (SOFR + 0.50%),
05/17/2027(d)
|
$
|
1,074,000
|
$1,073,285
|
|
5.65% 09/11/2028
|
|
474,000
|
484,254
|
|
4.30% 03/16/2029(e)
|
|
1,009,000
|
1,003,723
|
|
Wells Fargo & Co.
|
|
|
|
|
5.71% 04/22/2028(e)
|
|
4,000
|
4,031
|
|
4.81% 07/25/2028(e)
|
|
3,000
|
3,005
|
|
5.04% (SOFR + 1.37%),
04/23/2029(d)
|
|
43,000
|
43,523
|
|
4.58% 05/20/2029(e)
|
|
2,741,000
|
2,732,136
|
|
5.57% 07/25/2029(e)
|
|
4,000
|
4,061
|
|
6.30% 10/23/2029(e)
|
|
4,000
|
4,125
|
|
4.18% 01/23/2030(e)
|
|
167,000
|
164,330
|
|
5.20% 01/23/2030(e)
|
|
4,000
|
4,032
|
|
5.15% 04/23/2031(e)
|
|
32,000
|
32,139
|
|
4.84% 05/20/2032(e)
|
|
771,000
|
760,699
|
|
5.39% 04/24/2034(e)
|
|
1,000
|
1,001
|
|
5.56% 07/25/2034(e)
|
|
1,000
|
1,008
|
|
5.50% 01/23/2035(e)
|
|
1,000
|
1,002
|
|
4.96% 01/23/2037(e)
|
|
39,000
|
37,224
|
|
5.43% 01/23/2047(e)
|
|
11,000
|
10,138
|
|
6.85% (e)(f)
|
|
8,000
|
8,241
|
|
7.63% (e)(f)
|
|
4,000
|
4,188
|
|
Series GG, 6.13% (c)(e)(f)
|
|
1,213,000
|
1,212,948
|
|
Westpac Banking Corp. (Australia)
|
|
|
|
|
4.15% 05/11/2028(c)
|
|
974,000
|
969,546
|
|
5.62% 11/20/2035(e)
|
|
1,000
|
991
|
|
|
|
|
170,317,945
|
|
Diversified Capital Markets-0.33%
|
|||
|
Credit Suisse Group AG (Switzerland)
|
|
|
|
|
4.50% (b)(e)(f)(g)(h)
|
|
332,000
|
94,537
|
|
5.25% (b)(e)(f)(g)(h)
|
|
271,000
|
77,167
|
|
Deutsche Bank AG (Germany)
|
|
|
|
|
4.47% 12/10/2031(c)(e)
|
|
322,800
|
314,764
|
|
5.06% 04/14/2032(e)
|
|
264,000
|
260,926
|
|
UBS Group AG (Switzerland)
|
|
|
|
|
5.43% 02/08/2030(b)(c)(e)
|
|
527,000
|
532,611
|
|
4.21% 04/10/2030(b)(e)
|
|
786,000
|
770,993
|
|
4.40% 09/23/2031(b)(e)
|
|
392,000
|
380,290
|
|
5.01% 03/23/2037(b)(c)(e)
|
|
320,000
|
304,812
|
|
4.88% (b)(e)(f)
|
|
713,000
|
712,594
|
|
6.60% (b)(e)(f)
|
|
97,000
|
97,915
|
|
6.88% (b)(e)(f)
|
|
3,249,000
|
3,225,865
|
|
7.00% (b)(e)(f)
|
|
68,000
|
67,668
|
|
7.13% (b)(e)(f)
|
|
123,000
|
123,052
|
|
Series 28, 9.25% (b)(e)(f)
|
|
584,000
|
625,731
|
|
Series 33, 9.25% (b)(c)(e)(f)
|
|
318,000
|
364,626
|
|
|
|
|
7,953,551
|
|
Diversified Financial Services-1.75%
|
|||
|
AerCap Ireland Capital DAC/AerCap
Global Aviation Trust (Ireland)
|
|
|
|
|
5.10% 01/19/2029
|
|
429,000
|
430,907
|
|
4.38% 11/15/2030
|
|
561,000
|
546,004
|
|
6.50% 01/31/2056(c)(e)
|
|
514,000
|
516,875
|
|
Aircastle Ltd./Aircastle Ireland DAC
|
|
|
|
|
5.00% 09/15/2030(b)
|
|
548,000
|
542,083
|
|
5.00% 05/15/2031(b)(c)
|
|
1,074,000
|
1,056,145
|
|
AMC East Communities LLC, 6.01%,
01/15/2053(b)
|
|
176,357
|
154,069
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-(continued)
|
|||
|
Amrize Finance US LLC
|
|
|
|
|
4.60% 04/07/2027
|
$
|
28,000
|
$28,040
|
|
4.70% 04/07/2028
|
|
23,000
|
23,005
|
|
4.95% 04/07/2030
|
|
13,000
|
13,004
|
|
Avilease Capital Ltd. (Saudi Arabia),
5.50%, 06/30/2031(b)
|
|
1,745,000
|
1,735,994
|
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
4.95% 01/15/2028(b)
|
|
22,000
|
22,049
|
|
6.38% 05/04/2028(b)
|
|
3,000
|
3,070
|
|
4.20% 04/15/2029(b)
|
|
307,000
|
300,241
|
|
4.70% 01/30/2031(b)(c)
|
|
417,800
|
407,035
|
|
4.95% 10/15/2032(b)
|
|
140,000
|
135,159
|
|
BlackRock Funding, Inc., 4.90%,
01/08/2035
|
|
1,000
|
983
|
|
Citadel Finance LLC
|
|
|
|
|
4.75% 02/14/2029(b)
|
|
1,023,000
|
1,003,294
|
|
5.15% 02/14/2031(b)(c)
|
|
922,000
|
896,914
|
|
Citadel Securities Global Holdings LLC
|
|
|
|
|
5.50% 06/18/2030(b)
|
|
750,000
|
753,855
|
|
5.13% 01/27/2032(b)
|
|
542,000
|
530,507
|
|
6.20% 06/18/2035(b)
|
|
336,000
|
338,109
|
|
5.75% 03/27/2036(b)
|
|
565,000
|
550,597
|
|
Eagle Funding LuxCo S.a.r.l. (Mexico),
5.50%, 08/17/2030(b)
|
|
12,301,000
|
12,294,849
|
|
Gabon Blue Bond Master Trust
(Gabon), Series 2, 6.10%,
08/01/2038(b)
|
|
1,270,000
|
1,249,523
|
|
GABX Leasing LLC, 4.63%,
04/15/2031(b)
|
|
1,068,000
|
1,042,887
|
|
Green Palm Bidco S.a.r.l. (Saudi
Arabia), 6.46%, 06/30/2046(b)
|
|
3,020,000
|
2,943,916
|
|
HUT 8 DC LLC, 6.19%,
11/15/2042(b)
|
|
163,000
|
158,581
|
|
Jackson Financial, Inc., 6.15%,
01/15/2037(c)
|
|
918,000
|
897,724
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
4.50% 11/15/2029(b)(c)
|
|
1,819,000
|
1,766,014
|
|
7.13% 04/30/2031(b)
|
|
417,000
|
430,600
|
|
6.13% 11/01/2032(b)
|
|
1,796,000
|
1,788,133
|
|
6.75% 05/01/2033(b)
|
|
2,129,000
|
2,171,259
|
|
LPL Holdings, Inc.
|
|
|
|
|
5.70% 05/20/2027
|
|
4,000
|
4,033
|
|
5.15% 06/15/2030
|
|
22,000
|
21,935
|
|
LSEG US Fin Corp. (United Kingdom)
|
|
|
|
|
4.25% 03/23/2029(b)
|
|
892,000
|
879,769
|
|
4.50% 03/23/2031(b)
|
|
862,000
|
841,502
|
|
5.25% 03/23/2036(b)(c)
|
|
253,000
|
246,625
|
|
Mid-Atlantic Military Family
Communities LLC, 5.30%,
08/01/2050(b)
|
|
206,790
|
175,963
|
|
Mitsubishi HC Finance America LLC
(Japan), 5.20%, 07/21/2031(b)
|
|
2,909,000
|
2,891,888
|
|
Pacific Beacon LLC, 5.51%,
07/15/2036(b)
|
|
500,000
|
479,604
|
|
Pershing Square Holdings Ltd.
|
|
|
|
|
3.25% 10/01/2031(b)
|
|
1,300,000
|
1,156,672
|
|
5.50% 10/28/2032(b)
|
|
1,138,000
|
1,115,574
|
|
Wynnton Funding Trust II, 5.99%,
08/15/2055(b)
|
|
85,000
|
81,719
|
|
|
|
|
42,626,709
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Metals & Mining-0.16%
|
|||
|
BHP Billiton Finance (USA) Ltd.
(Australia)
|
|
|
|
|
5.10% 09/08/2028
|
$
|
3,000
|
$3,031
|
|
5.25% 09/08/2030
|
|
3,000
|
3,043
|
|
5.75% 09/05/2055
|
|
1,000
|
965
|
|
Corp. Nacional del Cobre de Chile
(Chile)
|
|
|
|
|
5.13% 02/02/2033(b)
|
|
674,000
|
654,533
|
|
5.53% 01/30/2037(b)
|
|
1,738,000
|
1,669,262
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.72% (SOFR + 1.06%),
04/04/2027(b)(d)
|
|
7,000
|
7,029
|
|
4.91% 04/01/2028(b)
|
|
27,000
|
27,072
|
|
5.37% 04/04/2029(b)
|
|
4,000
|
4,051
|
|
5.19% 04/01/2030(b)
|
|
20,000
|
20,066
|
|
4.90% 07/01/2031(b)
|
|
416,000
|
411,567
|
|
5.20% 07/01/2033(b)
|
|
308,000
|
303,608
|
|
6.14% 04/01/2055(b)
|
|
1,000
|
980
|
|
Hudbay Minerals, Inc. (Canada),
6.13%, 04/01/2029(b)
|
|
806,000
|
811,684
|
|
Rio Tinto Finance (USA) PLC
(Australia)
|
|
|
|
|
4.38% 03/12/2027
|
|
19,000
|
19,019
|
|
4.50% 03/14/2028
|
|
4,000
|
4,005
|
|
4.88% 03/14/2030
|
|
20,000
|
20,034
|
|
5.00% 03/14/2032
|
|
11,000
|
10,996
|
|
|
|
|
3,970,945
|
|
Diversified REITs-0.01%
|
|||
|
ERP Operating L.P., 4.95%,
06/15/2032
|
|
10,000
|
9,939
|
|
Fort Moore Family Communities LLC,
5.81%, 01/15/2051(b)
|
|
200,000
|
174,670
|
|
|
|
|
184,609
|
|
Diversified Support Services-0.19%
|
|||
|
Amazon Conservation DAC (Ecuador),
6.03%, 01/16/2042(b)
|
|
3,415,000
|
3,372,996
|
|
Element Fleet Management Corp.
(Canada)
|
|
|
|
|
6.32% 12/04/2028(b)
|
|
3,000
|
3,097
|
|
4.80% 05/29/2029(b)
|
|
1,052,000
|
1,045,806
|
|
5.04% 03/25/2030(b)
|
|
31,000
|
30,877
|
|
RB Global Holdings, Inc. (Canada)
|
|
|
|
|
6.75% 03/15/2028(b)
|
|
53,000
|
53,539
|
|
7.75% 03/15/2031(b)
|
|
98,000
|
101,254
|
|
|
|
|
4,607,569
|
|
Drug Retail-0.14%
|
|||
|
CK Hutchison International (23) Ltd.
(United Kingdom), 4.88%,
04/21/2033(b)
|
|
354,000
|
349,511
|
|
Teva Pharmaceutical Finance
Netherlands IV B.V. (Israel), 5.75%,
12/01/2030(c)
|
|
2,952,000
|
2,990,854
|
|
|
|
|
3,340,365
|
|
Electric Utilities-3.39%
|
|||
|
AEP Texas, Inc., 5.70%, 05/15/2034
|
|
9,000
|
9,107
|
|
Alabama Power Co.
|
|
|
|
|
5.85% 11/15/2033
|
|
1,000
|
1,035
|
|
Series C, 4.30% 03/15/2031
|
|
130,000
|
126,891
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Alexander Funding Trust II, 7.47%,
07/31/2028(b)
|
$
|
250,000
|
$260,469
|
|
American Electric Power Co., Inc.
|
|
|
|
|
5.75% 11/01/2027
|
|
3,000
|
3,041
|
|
5.20% 01/15/2029
|
|
2,000
|
2,021
|
|
Series C, 5.80% 03/15/2056(e)
|
|
468,400
|
460,280
|
|
Series D, 6.05% 03/15/2056(e)
|
|
7,000
|
6,882
|
|
Arizona Public Service Co., 5.90%,
08/15/2055
|
|
600
|
573
|
|
Capital Power (US Holdings), Inc.
(Canada)
|
|
|
|
|
5.26% 06/01/2028(b)
|
|
12,000
|
12,044
|
|
6.19% 06/01/2035(b)
|
|
1,000
|
1,013
|
|
CenterPoint Energy Houston
Electric LLC, 4.80%, 03/15/2030
|
|
7,000
|
6,993
|
|
Chpe LLC
|
|
|
|
|
4.88% 06/30/2031(b)
|
|
1,209,000
|
1,191,852
|
|
5.10% 06/30/2033(b)
|
|
204,000
|
200,763
|
|
5.35% 06/30/2036(b)
|
|
657,000
|
640,305
|
|
5.88% 06/29/2046(b)
|
|
630,000
|
607,607
|
|
Consolidated Edison Co. of New York,
Inc.
|
|
|
|
|
5.50% 03/15/2034
|
|
1,000
|
1,018
|
|
5.75% 11/15/2055
|
|
2,500
|
2,346
|
|
Constellation Energy Generation LLC
|
|
|
|
|
3.90% 01/08/2028
|
|
274,000
|
271,653
|
|
4.55% 06/01/2029
|
|
2,012,000
|
1,996,849
|
|
4.80% 01/15/2032
|
|
808,000
|
792,480
|
|
6.13% 01/15/2034
|
|
1,000
|
1,044
|
|
5.30% 06/01/2036
|
|
557,000
|
541,422
|
|
5.88% 01/15/2066
|
|
5,000
|
4,621
|
|
Duke Energy Carolinas LLC
|
|
|
|
|
4.85% 03/15/2030
|
|
4,000
|
4,008
|
|
5.25% 03/15/2035
|
|
3,000
|
2,987
|
|
5.15% 06/15/2036(c)
|
|
493,000
|
481,804
|
|
5.75% 06/15/2056
|
|
1,277,000
|
1,210,828
|
|
Duke Energy Corp., 4.85%,
01/05/2029
|
|
2,000
|
2,006
|
|
Duke Energy Florida LLC, 4.20%,
12/01/2030
|
|
122,200
|
119,026
|
|
Edison International, 5.00%,
05/05/2028
|
|
305,000
|
305,234
|
|
Electricite de France S.A. (France)
|
|
|
|
|
5.70% 05/23/2028(b)(c)
|
|
336,000
|
341,345
|
|
5.25% 04/22/2036(b)
|
|
5,938,000
|
5,724,043
|
|
6.38% 01/13/2055(b)
|
|
1,481,000
|
1,435,015
|
|
6.13% 04/22/2056(b)
|
|
7,502,000
|
7,078,050
|
|
6.25% 04/22/2066(b)
|
|
6,715,000
|
6,287,090
|
|
9.13% (b)(e)(f)
|
|
685,000
|
793,534
|
|
Emera US Finance LLC
|
|
|
|
|
4.50% 04/01/2029
|
|
710,000
|
702,607
|
|
5.20% 04/01/2033
|
|
108,000
|
105,926
|
|
Series A, 6.65% 10/01/2056(e)
|
|
852,000
|
858,249
|
|
Series B, 6.85% 10/01/2056(e)
|
|
668,000
|
673,434
|
|
ENEL Finance International N.V. (Italy)
|
|
|
|
|
4.63% 07/13/2029(b)
|
|
5,469,000
|
5,427,896
|
|
4.88% 07/13/2031(b)
|
|
5,586,000
|
5,500,645
|
|
5.38% 07/13/2036(b)
|
|
1,385,000
|
1,341,677
|
|
Entergy Corp.
|
|
|
|
|
7.13% 12/01/2054(e)
|
|
4,000
|
4,103
|
|
5.88% 06/15/2056(e)
|
|
573,000
|
566,885
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Entergy Louisiana LLC, 5.15%,
09/15/2034
|
$
|
2,000
|
$1,981
|
|
Entergy Texas, Inc., 5.25%,
04/15/2035
|
|
6,000
|
5,908
|
|
Evergy Metro, Inc., 5.13%,
08/15/2035
|
|
8,000
|
7,796
|
|
Evergy Missouri West, Inc., 5.25%,
12/15/2035(b)
|
|
15,000
|
14,649
|
|
Evergy, Inc., 4.25%, 03/15/2029
|
|
327,000
|
322,513
|
|
Exelon Corp.
|
|
|
|
|
5.15% 03/15/2029
|
|
2,000
|
2,018
|
|
5.13% 03/15/2031
|
|
26,000
|
26,120
|
|
5.60% 03/15/2053
|
|
1,000
|
911
|
|
FirstEnergy Pennsylvania Electric Co.,
5.20%, 04/01/2028(b)
|
|
2,000
|
2,016
|
|
FirstEnergy Transmission LLC, 4.55%,
01/15/2030
|
|
4,000
|
3,947
|
|
Florida Power & Light Co.
|
|
|
|
|
4.80% 05/15/2033
|
|
1,000
|
984
|
|
4.70% 02/15/2036
|
|
15,000
|
14,211
|
|
5.13% 06/01/2036
|
|
341,000
|
334,006
|
|
5.75% 06/01/2056(c)
|
|
333,000
|
317,931
|
|
5.60% 02/15/2066
|
|
3,500
|
3,179
|
|
5.90% 06/01/2066
|
|
417,000
|
397,471
|
|
Georgia Power Co., 4.95%,
05/17/2033
|
|
1,000
|
990
|
|
Indiana Michigan Power Co., 5.60%,
03/15/2056
|
|
92,000
|
84,817
|
|
ITC Holdings Corp.
|
|
|
|
|
4.88% 04/15/2031(b)
|
|
544,000
|
538,141
|
|
5.50% 04/15/2036(b)
|
|
92,000
|
90,956
|
|
Louisville Gas and Electric Co., 5.85%,
08/15/2055
|
|
1,000
|
958
|
|
MidAmerican Energy Co., 5.35%,
01/15/2034
|
|
1,000
|
1,011
|
|
Monongahela Power Co., 4.45%,
08/15/2029(b)
|
|
401,000
|
397,295
|
|
National Rural Utilities Cooperative
Finance Corp.
|
|
|
|
|
4.85% 02/07/2029
|
|
19,000
|
19,070
|
|
4.40% 05/11/2029
|
|
985,000
|
976,870
|
|
5.00% 02/07/2031
|
|
4,000
|
4,020
|
|
5.80% 01/15/2033
|
|
1,000
|
1,036
|
|
5.00% 08/15/2034
|
|
27,000
|
26,633
|
|
5.75% 04/20/2056
|
|
3,880,000
|
3,830,054
|
|
5.95% 04/20/2056
|
|
4,537,000
|
4,420,777
|
|
Series D, 4.06% (SOFR + 0.43%),
08/09/2027(d)
|
|
2,445,000
|
2,446,864
|
|
Series D, 4.15% 08/25/2028
|
|
333,000
|
329,903
|
|
Series D, 4.05% 02/09/2029
|
|
1,475,000
|
1,452,207
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
|
4.90% 03/15/2029
|
|
4,000
|
4,019
|
|
5.05% 03/15/2030
|
|
17,000
|
17,113
|
|
5.45% 03/15/2035
|
|
12,000
|
11,888
|
|
Niagara Mohawk Power Corp.
|
|
|
|
|
4.65% 10/03/2030(b)
|
|
142,000
|
139,888
|
|
5.29% 01/17/2034(b)
|
|
1,000
|
988
|
|
6.00% 07/03/2055(b)
|
|
5,000
|
4,727
|
|
Northern States Power Co., 5.65%,
05/15/2055
|
|
3,000
|
2,806
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
NRG Energy, Inc.
|
|
|
|
|
4.73% 10/15/2030(b)
|
$
|
252,000
|
$246,149
|
|
4.96% 04/30/2031(b)
|
|
685,000
|
670,048
|
|
5.75% 01/15/2034(b)
|
|
659,000
|
642,240
|
|
5.88% 05/15/2034(b)
|
|
929,000
|
912,496
|
|
5.41% 10/15/2035(b)
|
|
20,000
|
19,164
|
|
6.00% 01/15/2036(b)
|
|
555,000
|
543,314
|
|
6.13% 05/15/2036(b)
|
|
908,000
|
896,782
|
|
Oglethorpe Power Corp., 5.90%,
02/01/2055
|
|
1,000
|
947
|
|
Oncor Electric Delivery Co. LLC
|
|
|
|
|
4.50% 03/20/2027
|
|
25,000
|
25,033
|
|
4.65% 11/01/2029
|
|
22,000
|
21,907
|
|
5.80% 04/01/2055
|
|
2,000
|
1,904
|
|
Pacific Gas and Electric Co.
|
|
|
|
|
6.10% 01/15/2029
|
|
181,000
|
185,782
|
|
5.05% 11/15/2031
|
|
903,000
|
893,755
|
|
5.25% 02/01/2032
|
|
3,938,000
|
3,926,747
|
|
5.20% 05/01/2036
|
|
71,000
|
67,602
|
|
5.60% 08/15/2036
|
|
1,057,000
|
1,037,208
|
|
5.85% 11/01/2036
|
|
2,766,000
|
2,762,642
|
|
6.00% 05/01/2056
|
|
110,000
|
101,336
|
|
6.30% 08/15/2056(c)
|
|
1,113,000
|
1,067,547
|
|
PacifiCorp
|
|
|
|
|
5.10% 02/15/2029
|
|
2,000
|
2,013
|
|
5.30% 02/15/2031
|
|
2,000
|
2,013
|
|
5.45% 02/15/2034
|
|
1,000
|
995
|
|
7.13% 08/15/2056(e)
|
|
625,000
|
615,645
|
|
PG&E Corp., 7.38%, 03/15/2055(e)
|
|
2,089,000
|
2,122,714
|
|
PPL Capital Funding, Inc.
|
|
|
|
|
5.25% 09/01/2034
|
|
1,000
|
987
|
|
Conv., 3.00% 12/01/2030(b)
|
|
1,872,000
|
1,876,498
|
|
PPL Electric Utilities Corp., 5.55%,
08/15/2055
|
|
2,000
|
1,858
|
|
San Diego Gas & Electric Co., 5.35%,
04/01/2053
|
|
1,000
|
892
|
|
Southern Co. (The)
|
|
|
|
|
5.70% 10/15/2032
|
|
2,000
|
2,059
|
|
6.00% 04/01/2058(c)(e)
|
|
712,000
|
705,182
|
|
Southwestern Electric Power Co.,
5.20%, 04/01/2036(c)
|
|
261,000
|
252,339
|
|
Trans-Allegheny Interstate Line Co.,
5.00%, 01/15/2031(b)
|
|
3,000
|
2,995
|
|
Union Electric Co., 5.25%,
04/15/2035
|
|
1,000
|
991
|
|
Virginia Electric & Power Co.
|
|
|
|
|
Series C, 4.90% 09/15/2035
|
|
20,000
|
19,131
|
|
Series D, 5.60% 09/15/2055
|
|
2,000
|
1,838
|
|
Virginia Electric and Power Co.,
5.00%, 04/01/2033
|
|
1,000
|
987
|
|
Vistra Operations Co. LLC
|
|
|
|
|
5.05% 12/30/2026(b)
|
|
10,000
|
10,030
|
|
4.60% 10/15/2030(b)
|
|
122,000
|
118,795
|
|
4.70% 01/31/2031(b)
|
|
301,000
|
293,558
|
|
7.75% 10/15/2031(b)
|
|
128,000
|
133,503
|
|
6.88% 04/15/2032(b)
|
|
69,000
|
71,310
|
|
6.95% 10/15/2033(b)
|
|
1,000
|
1,065
|
|
6.00% 04/15/2034(b)
|
|
1,000
|
1,012
|
|
5.70% 12/30/2034(b)
|
|
8,000
|
7,898
|
|
5.35% 01/31/2036(b)
|
|
29,500
|
28,252
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Wisconsin Electric Power Co., 4.15%,
10/15/2030
|
$
|
51,000
|
$49,584
|
|
Xcel Energy, Inc., 4.75%,
03/21/2028
|
|
3,000
|
3,005
|
|
|
|
|
82,717,125
|
|
Electrical Components & Equipment-0.23%
|
|||
|
EnerSys, 4.38%, 12/15/2027(b)
|
|
1,426,000
|
1,410,077
|
|
Hubbell, Inc.
|
|
|
|
|
4.65% 06/15/2031
|
|
957,000
|
943,862
|
|
4.90% 06/15/2033
|
|
1,203,000
|
1,174,718
|
|
5.15% 06/15/2036
|
|
277,000
|
269,328
|
|
Regal Rexnord Corp., 6.30%,
02/15/2030
|
|
3,000
|
3,102
|
|
Vertiv Group Corp., 4.13%,
11/15/2028(b)
|
|
241,000
|
238,359
|
|
Vertiv Holdings Co.
|
|
|
|
|
4.85% 03/15/2036(c)
|
|
581,000
|
547,383
|
|
5.65% 03/15/2046
|
|
495,000
|
457,197
|
|
5.80% 03/15/2056
|
|
337,000
|
310,304
|
|
5.95% 03/15/2066
|
|
220,000
|
201,752
|
|
|
|
|
5,556,082
|
|
Electronic Components-0.03%
|
|||
|
Amphenol Corp.
|
|
|
|
|
3.90% 11/15/2028
|
|
145,000
|
143,009
|
|
4.13% 11/15/2030
|
|
249,000
|
242,094
|
|
4.40% 02/15/2033
|
|
114,000
|
109,385
|
|
5.00% 01/15/2035
|
|
1,000
|
978
|
|
Tyco Electronics Group S.A.
(Switzerland)
|
|
|
|
|
4.50% 02/09/2031
|
|
197,000
|
194,134
|
|
4.88% 02/09/2036
|
|
87,000
|
83,370
|
|
|
|
|
772,970
|
|
Electronic Equipment & Instruments-0.00%
|
|||
|
Keysight Technologies, Inc., 5.35%,
07/30/2030
|
|
24,000
|
24,320
|
|
Electronic Manufacturing Services-0.01%
|
|||
|
EMRLD Borrower L.P./Emerald
Co-Issuer, Inc., 6.63%,
12/15/2030(b)
|
|
173,000
|
176,053
|
|
Jabil, Inc., 4.75%, 02/01/2033
|
|
80,000
|
76,823
|
|
|
|
|
252,876
|
|
Environmental & Facilities Services-0.11%
|
|||
|
GFL Environmental Holdings (US),
Inc., 5.63%, 07/01/2031(b)
|
|
1,316,000
|
1,279,542
|
|
Republic Services, Inc.
|
|
|
|
|
4.88% 04/01/2029
|
|
3,000
|
3,014
|
|
5.00% 12/15/2033
|
|
1,000
|
994
|
|
5.00% 04/01/2034
|
|
1,000
|
988
|
|
Veralto Corp.
|
|
|
|
|
5.50% 09/18/2026
|
|
4,000
|
4,002
|
|
5.35% 09/18/2028
|
|
2,000
|
2,024
|
|
4.85% 01/15/2032
|
|
983,000
|
971,664
|
|
Waste Connections, Inc., 4.80%,
07/15/2036
|
|
445,000
|
425,392
|
|
|
|
|
2,687,620
|
|
Fertilizers & Agricultural Chemicals-0.43%
|
|||
|
ICL Group Ltd. (Israel), 6.04%,
06/16/2036(b)
|
|
3,534,000
|
3,488,692
|
|
|
Principal
Amount
|
Value
|
|
|
Fertilizers & Agricultural Chemicals-(continued)
|
|||
|
Mosaic Co. (The)
|
|
|
|
|
4.35% 01/15/2029
|
$
|
283,000
|
$279,716
|
|
4.60% 11/15/2030
|
|
240,000
|
235,873
|
|
Nutrien Ltd. (Canada)
|
|
|
|
|
4.85% 05/29/2031(c)
|
|
1,549,000
|
1,537,924
|
|
5.35% 05/29/2036(c)
|
|
405,000
|
396,495
|
|
OCP S.A. (Morocco)
|
|
|
|
|
6.10% 04/30/2030(b)
|
|
1,527,000
|
1,544,488
|
|
6.70% 03/01/2036(b)
|
|
163,000
|
165,672
|
|
6.74% (b)(e)(f)
|
|
2,851,000
|
2,802,260
|
|
|
|
|
10,451,120
|
|
Financial Exchanges & Data-0.02%
|
|||
|
Intercontinental Exchange, Inc.
|
|
|
|
|
3.95% 12/01/2028
|
|
183,000
|
180,382
|
|
4.20% 03/15/2031
|
|
376,000
|
363,870
|
|
MSCI, Inc., 5.25%, 09/01/2035
|
|
6,000
|
5,761
|
|
Nasdaq, Inc.
|
|
|
|
|
5.35% 06/28/2028
|
|
3,000
|
3,037
|
|
5.55% 02/15/2034
|
|
1,000
|
1,011
|
|
|
|
|
554,061
|
|
Food Distributors-0.01%
|
|||
|
Bunge Ltd. Finance Corp.
|
|
|
|
|
4.55% 08/04/2030
|
|
244,000
|
240,748
|
|
5.15% 08/04/2035
|
|
8,000
|
7,818
|
|
Sysco Corp., 5.10%, 09/23/2030
|
|
6,000
|
6,003
|
|
|
|
|
254,569
|
|
Food Retail-0.01%
|
|||
|
Alimentation Couche-Tard, Inc.
(Canada)
|
|
|
|
|
4.15% 09/29/2028(b)
|
|
313,000
|
309,651
|
|
5.08% 09/29/2035(b)
|
|
30,000
|
28,998
|
|
Kroger Co. (The), 5.65%,
09/15/2064
|
|
1,000
|
893
|
|
|
|
|
339,542
|
|
Forest Products-0.04%
|
|||
|
Georgia-Pacific LLC
|
|
|
|
|
4.60% 05/15/2031(b)
|
|
820,000
|
805,787
|
|
4.95% 06/30/2032(b)
|
|
14,000
|
13,912
|
|
4.90% 05/15/2033(b)(c)
|
|
220,000
|
216,220
|
|
|
|
|
1,035,919
|
|
Gas Utilities-0.45%
|
|||
|
Atmos Energy Corp., 5.20%,
08/15/2035
|
|
13,000
|
12,891
|
|
Snam S.p.A. (Italy)
|
|
|
|
|
5.75% 05/28/2035(b)
|
|
218,000
|
220,308
|
|
6.50% 05/28/2055(b)
|
|
72,000
|
72,383
|
|
Soth Jersey Industries, Inc., 7.38%,
06/09/2056
|
|
9,627,000
|
9,615,741
|
|
Southern California Gas Co., 5.90%,
06/01/2056
|
|
1,013,000
|
960,564
|
|
Southern Natural Gas Co. L.L.C.,
5.45%, 08/01/2035(b)
|
|
8,000
|
7,977
|
|
Southwest Gas Corp., 5.45%,
03/23/2028
|
|
2,000
|
2,017
|
|
|
|
|
10,891,881
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Distributors-0.04%
|
|||
|
Cardinal Health, Inc.
|
|
|
|
|
4.50% 09/15/2030
|
$
|
47,200
|
$46,447
|
|
5.15% 09/15/2035
|
|
3,200
|
3,127
|
|
Cencora, Inc.
|
|
|
|
|
3.95% 02/13/2029
|
|
838,000
|
822,689
|
|
4.25% 11/15/2030(c)
|
|
180,000
|
174,998
|
|
McKesson Corp.
|
|
|
|
|
4.25% 09/15/2029
|
|
4,000
|
3,944
|
|
4.95% 05/30/2032
|
|
44,000
|
43,906
|
|
|
|
|
1,095,111
|
|
Health Care Equipment-0.16%
|
|||
|
Abbott Laboratories
|
|
|
|
|
3.70% 03/09/2029
|
|
1,719,000
|
1,680,092
|
|
5.50% 03/15/2056
|
|
428,000
|
399,156
|
|
5.60% 03/15/2066
|
|
323,000
|
300,365
|
|
Augusta SpinCo Corp.
|
|
|
|
|
4.40% 03/23/2029
|
|
976,000
|
965,968
|
|
4.66% 03/23/2031
|
|
426,000
|
419,148
|
|
4.95% 03/23/2033
|
|
130,000
|
127,628
|
|
GE HealthCare Technologies, Inc.,
4.80%, 01/15/2031
|
|
55,000
|
54,603
|
|
Smith & Nephew PLC (United
Kingdom)
|
|
|
|
|
5.15% 03/20/2027
|
|
2,000
|
2,008
|
|
5.40% 03/20/2034
|
|
1,000
|
991
|
|
Stryker Corp.
|
|
|
|
|
4.55% 02/10/2027
|
|
3,000
|
3,005
|
|
4.25% 09/11/2029
|
|
3,000
|
2,963
|
|
4.85% 02/10/2030
|
|
23,000
|
23,006
|
|
|
|
|
3,978,933
|
|
Health Care Facilities-0.01%
|
|||
|
Adventist Health System, 5.76%,
12/01/2034
|
|
2,000
|
2,016
|
|
Ascension Health
|
|
|
|
|
Series 2025, 4.29% 11/15/2030
|
|
215,000
|
210,061
|
|
Series 2025, 4.92% 11/15/2035
|
|
15,000
|
14,534
|
|
Universal Health Services, Inc.,
4.63%, 10/15/2029
|
|
3,000
|
2,954
|
|
UPMC
|
|
|
|
|
5.04% 05/15/2033
|
|
2,000
|
1,985
|
|
5.38% 05/15/2043
|
|
1,000
|
939
|
|
|
|
|
232,489
|
|
Health Care REITs-0.00%
|
|||
|
National Health Investors, Inc., 5.35%,
02/01/2033
|
|
15,000
|
14,707
|
|
Omega Healthcare Investors, Inc.,
5.20%, 07/01/2030
|
|
43,000
|
42,777
|
|
Ventas Realty L.P., 5.00%,
02/15/2036
|
|
900
|
865
|
|
|
|
|
58,349
|
|
Health Care Services-0.31%
|
|||
|
Cigna Group (The), 4.50%,
09/15/2030
|
|
136,800
|
134,832
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Services-(continued)
|
|||
|
CommonSpirit Health
|
|
|
|
|
4.35% 09/01/2030
|
$
|
80,000
|
$77,746
|
|
5.32% 12/01/2034
|
|
6,000
|
5,899
|
|
4.83% 09/01/2035
|
|
20,000
|
19,129
|
|
5.58% 09/01/2045
|
|
2,000
|
1,869
|
|
5.55% 12/01/2054
|
|
1,000
|
909
|
|
5.66% 09/01/2055(c)
|
|
2,000
|
1,851
|
|
Series 2025, 4.98% 09/01/2035
|
|
11,000
|
10,480
|
|
CVS Health Corp.
|
|
|
|
|
5.00% 01/30/2029
|
|
3,000
|
3,018
|
|
5.25% 01/30/2031
|
|
3,000
|
3,031
|
|
5.00% 09/15/2032
|
|
11,000
|
10,906
|
|
5.45% 09/15/2035
|
|
11,000
|
10,890
|
|
6.75% 12/10/2054(c)(e)
|
|
392,000
|
404,080
|
|
7.00% 03/10/2055(e)
|
|
5,135,000
|
5,290,123
|
|
6.20% 09/15/2055
|
|
8,000
|
7,797
|
|
6.00% 06/01/2063
|
|
1,000
|
928
|
|
DaVita, Inc., 6.88%, 09/01/2032(b)
|
|
7,000
|
7,199
|
|
HCA, Inc.
|
|
|
|
|
5.00% 03/01/2028
|
|
3,000
|
3,014
|
|
4.30% 11/15/2030
|
|
42,000
|
40,723
|
|
5.45% 09/15/2034
|
|
1,000
|
994
|
|
5.75% 03/01/2035
|
|
2,000
|
2,017
|
|
5.90% 06/01/2053
|
|
1,000
|
924
|
|
6.20% 03/01/2055
|
|
1,000
|
966
|
|
Icon Investments Six DAC
|
|
|
|
|
5.81% 05/08/2027
|
|
623,000
|
627,640
|
|
5.85% 05/08/2029
|
|
521,000
|
531,701
|
|
6.00% 05/08/2034
|
|
237,000
|
239,876
|
|
Laboratory Corp. of America Holdings,
4.35%, 04/01/2030
|
|
14,000
|
13,726
|
|
Piedmont Healthcare, Inc., 2.86%,
01/01/2052
|
|
1,000
|
588
|
|
Quest Diagnostics, Inc., 6.40%,
11/30/2033
|
|
1,000
|
1,067
|
|
|
|
|
7,453,923
|
|
Health Care Supplies-0.12%
|
|||
|
180 Medical, Inc. (United Kingdom),
5.30%, 10/08/2035(b)
|
|
240,000
|
230,236
|
|
Medline Borrower L.P., 3.88%,
04/01/2029(b)
|
|
554,000
|
536,199
|
|
Medline Borrower L.P./Medline
Co-Issuer, Inc., 5.00%,
06/15/2031(b)
|
|
2,173,000
|
2,144,411
|
|
Solventum Corp.
|
|
|
|
|
5.45% 02/25/2027
|
|
2,000
|
2,009
|
|
5.40% 03/01/2029
|
|
3,000
|
3,038
|
|
|
|
|
2,915,893
|
|
Heavy Electrical Equipment-0.02%
|
|||
|
GE Vernova, Inc.
|
|
|
|
|
4.25% 02/04/2031
|
|
292,000
|
284,839
|
|
4.88% 02/04/2036
|
|
101,000
|
97,096
|
|
5.50% 02/04/2056
|
|
45,000
|
41,527
|
|
|
|
|
423,462
|
|
|
Principal
Amount
|
Value
|
|
|
Highways & Railtracks-0.01%
|
|||
|
Burlington Northern Santa Fe LLC,
5.55%, 03/15/2056
|
$
|
600
|
$560
|
|
TransJamaican Highway Ltd.
(Jamaica), 5.75%, 10/10/2036(b)
|
|
314,562
|
290,183
|
|
|
|
|
290,743
|
|
Home Improvement Retail-0.00%
|
|||
|
Home Depot, Inc. (The)
|
|
|
|
|
4.90% 04/15/2029
|
|
3,000
|
3,027
|
|
3.95% 09/15/2030
|
|
70,000
|
67,976
|
|
4.65% 09/15/2035
|
|
8,000
|
7,658
|
|
Lowe’s Cos., Inc., 5.85%,
04/01/2063
|
|
1,000
|
933
|
|
|
|
|
79,594
|
|
Homebuilding-0.00%
|
|||
|
D.R. Horton, Inc., 5.00%,
10/15/2034
|
|
1,000
|
971
|
|
Toll Brothers Finance Corp., 5.60%,
06/15/2035
|
|
8,000
|
7,978
|
|
|
|
|
8,949
|
|
Hotel & Resort REITs-0.00%
|
|||
|
Phillips Edison Grocery Center
Operating Partnership I L.P.
|
|
|
|
|
5.25% 08/15/2032
|
|
19,000
|
18,967
|
|
4.75% 03/15/2033
|
|
93,000
|
89,690
|
|
4.95% 01/15/2035
|
|
12,000
|
11,492
|
|
|
|
|
120,149
|
|
Hotels, Resorts & Cruise Lines-0.18%
|
|||
|
A&K Travel Group Holdings Ltd.
(United Kingdom), 7.50%,
05/15/2033(b)
|
|
373,000
|
371,513
|
|
Airbnb, Inc.
|
|
|
|
|
4.40% 03/16/2029
|
|
242,000
|
240,048
|
|
4.65% 03/16/2031
|
|
197,000
|
194,269
|
|
5.25% 03/16/2036
|
|
66,000
|
64,334
|
|
Carnival Corp., 7.88%, 06/01/2027
|
|
20,000
|
20,555
|
|
Carnival Corp. Ltd.
|
|
|
|
|
7.00% 08/15/2029(b)
|
|
3,000
|
3,107
|
|
5.75% 03/15/2030(b)
|
|
133,000
|
133,311
|
|
5.88% 06/15/2031(b)
|
|
703,000
|
703,968
|
|
5.75% 08/01/2032(b)
|
|
319,000
|
316,459
|
|
Expedia Group, Inc.
|
|
|
|
|
5.40% 02/15/2035
|
|
3,000
|
2,921
|
|
5.50% 04/15/2036(c)
|
|
369,000
|
358,066
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
|
5.88% 04/01/2029(b)
|
|
242,000
|
243,982
|
|
6.13% 04/01/2032(b)
|
|
51,000
|
51,478
|
|
5.75% 09/15/2033(b)
|
|
365,000
|
361,896
|
|
Marriott International, Inc.
|
|
|
|
|
4.88% 05/15/2029
|
|
2,000
|
2,007
|
|
4.80% 03/15/2030
|
|
4,000
|
3,981
|
|
5.35% 03/15/2035
|
|
1,000
|
990
|
|
Marriott Ownership Resorts, Inc.,
6.50%, 10/01/2033(b)(c)
|
|
261,000
|
256,817
|
|
|
Principal
Amount
|
Value
|
|
|
Hotels, Resorts & Cruise Lines-(continued)
|
|||
|
Royal Caribbean Cruises Ltd.
|
|
|
|
|
6.25% 03/15/2032(b)
|
$
|
3,000
|
$3,051
|
|
6.00% 02/01/2033(b)
|
|
4,000
|
4,033
|
|
VOC Escrow Ltd., 5.00%,
02/15/2028(b)
|
|
1,030,000
|
1,027,261
|
|
|
|
|
4,364,047
|
|
Independent Power Producers & Energy Traders-0.21%
|
|||
|
AES Corp. (The)
|
|
|
|
|
5.20% 07/15/2029
|
|
603,000
|
603,535
|
|
5.75% 07/15/2033
|
|
336,000
|
332,975
|
|
FIEMEX Energia - Banco Actinver S.A.
Institucion de Banca Multiple
(Mexico), 7.25%, 01/31/2041(b)
|
|
636,896
|
633,362
|
|
Vistra Corp., 7.00%(b)(e)(f)
|
|
525,000
|
528,128
|
|
VoltaGrid LLC, 7.38%,
11/01/2030(b)
|
|
3,097,000
|
3,114,237
|
|
|
|
|
5,212,237
|
|
Industrial Conglomerates-0.22%
|
|||
|
Eaton Corp.
|
|
|
|
|
3.85% 03/06/2028
|
|
1,708,000
|
1,689,752
|
|
3.95% 03/06/2029
|
|
861,000
|
846,218
|
|
4.20% 03/06/2031
|
|
751,000
|
728,540
|
|
4.50% 03/06/2033
|
|
292,000
|
282,094
|
|
4.80% 03/06/2036
|
|
289,000
|
277,126
|
|
5.45% 03/06/2056(c)
|
|
581,000
|
539,865
|
|
Honeywell International, Inc., 5.35%,
03/01/2064
|
|
1,000
|
886
|
|
Siemens Funding B.V. (Germany)
|
|
|
|
|
4.60% 05/28/2030(b)
|
|
702,000
|
698,304
|
|
5.20% 05/28/2035(b)
|
|
205,000
|
204,699
|
|
5.90% 05/28/2065(b)
|
|
127,000
|
124,306
|
|
|
|
|
5,391,790
|
|
Industrial Machinery & Supplies & Components-0.18%
|
|||
|
ESAB Corp., 5.63%, 04/01/2031(b)
|
|
2,220,000
|
2,198,710
|
|
Flowserve Corp., 5.70%,
05/15/2036
|
|
61,000
|
59,664
|
|
Ingersoll Rand, Inc.
|
|
|
|
|
5.20% 06/15/2027
|
|
3,000
|
3,018
|
|
5.40% 08/14/2028
|
|
3,000
|
3,042
|
|
Nordson Corp.
|
|
|
|
|
5.60% 09/15/2028
|
|
3,000
|
3,049
|
|
5.80% 09/15/2033
|
|
1,000
|
1,025
|
|
Roller Bearing Co. of America, Inc.,
4.38%, 10/15/2029(b)
|
|
1,225,000
|
1,188,636
|
|
Weir Group, Inc. (United Kingdom),
5.35%, 05/06/2030(b)
|
|
508,000
|
509,262
|
|
Xylem, Inc.
|
|
|
|
|
5.20% 06/01/2033
|
|
386,000
|
386,669
|
|
5.45% 06/01/2036(c)
|
|
146,000
|
146,097
|
|
|
|
|
4,499,172
|
|
Industrial REITs-0.00%
|
|||
|
LXP Industrial Trust, 6.75%,
11/15/2028
|
|
2,000
|
2,072
|
|
Insurance Brokers-0.02%
|
|||
|
Arthur J. Gallagher & Co.
|
|
|
|
|
4.85% 12/15/2029
|
|
4,000
|
4,002
|
|
5.15% 02/15/2035
|
|
1,000
|
973
|
|
|
Principal
Amount
|
Value
|
|
|
Insurance Brokers-(continued)
|
|||
|
Marsh & McLennan Cos., Inc.
|
|
|
|
|
4.95% 03/15/2036
|
$
|
158,000
|
$152,268
|
|
5.70% 09/15/2053
|
|
1,000
|
940
|
|
Willis North America, Inc.
|
|
|
|
|
4.55% 03/15/2031
|
|
202,500
|
197,017
|
|
5.15% 03/15/2036
|
|
16,600
|
15,927
|
|
|
|
|
371,127
|
|
Integrated Oil & Gas-0.48%
|
|||
|
Ecopetrol S.A. (Colombia), 8.88%,
01/13/2033
|
|
961,000
|
1,038,476
|
|
Eni S.p.A. (Italy)
|
|
|
|
|
5.50% 05/15/2034(b)
|
|
334,000
|
333,530
|
|
5.25% 05/18/2036(b)
|
|
350,000
|
337,902
|
|
Occidental Petroleum Corp., 4.63%,
06/15/2045
|
|
1,000
|
810
|
|
SA Global Sukuk Ltd. (Saudi Arabia),
4.13%, 09/17/2030(b)
|
|
5,350,000
|
5,139,001
|
|
Saudi Arabian Oil Co. (Saudi Arabia)
|
|
|
|
|
4.00% 02/02/2029(b)
|
|
2,520,000
|
2,471,224
|
|
4.75% 06/02/2030(b)
|
|
2,502,000
|
2,462,258
|
|
|
|
|
11,783,201
|
|
Integrated Telecommunication Services-1.08%
|
|||
|
APLD ComputeCo LLC, 9.25%,
12/15/2030(b)(c)
|
|
3,634,000
|
3,864,926
|
|
AT&T, Inc.
|
|
|
|
|
6.20% 10/30/2056
|
|
389,000
|
360,387
|
|
6.30% 10/30/2066
|
|
291,000
|
268,219
|
|
British Telecommunications PLC
(United Kingdom), 4.25%,
11/23/2081(b)(e)
|
|
1,258,000
|
1,252,616
|
|
Cipher Compute LLC, 7.13%,
11/15/2030(b)
|
|
1,083,000
|
1,106,026
|
|
Grupo Televisa S.A.B. (Mexico),
4.81%, 06/01/2031(b)
|
|
1,832,000
|
1,813,211
|
|
NTT Finance Corp. (Japan)
|
|
|
|
|
4.88% 07/16/2030(b)
|
|
598,000
|
591,808
|
|
5.50% 07/16/2035(b)
|
|
287,000
|
284,436
|
|
QTS Fayetteville I Dc1-2 LLC/QTS TRS
Fayetteville I DC1-2 LLC, 5.70%,
04/15/2036(b)
|
|
1,858,000
|
1,700,204
|
|
QTS Thunder Managing Issuer LLC,
5.65%, 12/10/2030
|
|
10,530,000
|
10,508,869
|
|
TELUS Corp. (Canada)
|
|
|
|
|
6.63% 10/15/2055(e)
|
|
312,000
|
312,120
|
|
6.38% 06/09/2056(e)
|
|
714,400
|
705,684
|
|
6.63% 06/09/2056(e)
|
|
1,554,200
|
1,519,269
|
|
Verizon Communications, Inc.
|
|
|
|
|
5.25% 04/02/2035
|
|
20,000
|
19,507
|
|
5.00% 01/15/2036
|
|
25,000
|
23,723
|
|
5.75% 11/30/2045
|
|
20,000
|
18,488
|
|
6.20% 05/14/2056(e)
|
|
724,000
|
708,883
|
|
6.05% 05/14/2058(e)
|
|
871,000
|
856,911
|
|
6.00% 11/30/2065
|
|
6,600
|
5,997
|
|
WULF Compute LLC, 7.75%,
10/15/2030(b)
|
|
554,000
|
576,084
|
|
|
|
|
26,497,368
|
|
|
Principal
Amount
|
Value
|
|
|
Interactive Media & Services-0.23%
|
|||
|
Alphabet, Inc.
|
|
|
|
|
4.10% 02/15/2031(c)
|
$
|
658,000
|
$638,054
|
|
4.38% 11/15/2032
|
|
14,000
|
13,531
|
|
4.40% 02/15/2033
|
|
370,000
|
355,030
|
|
4.70% 11/15/2035
|
|
11,000
|
10,477
|
|
4.80% 02/15/2036
|
|
120,000
|
115,187
|
|
5.35% 11/15/2045
|
|
9,000
|
8,230
|
|
5.45% 11/15/2055
|
|
5,000
|
4,447
|
|
5.65% 02/15/2056(c)
|
|
209,000
|
193,157
|
|
5.30% 05/15/2065
|
|
1,000
|
848
|
|
Flutter Treasury DAC (United
Kingdom), 5.88%,
06/04/2031(b)(c)
|
|
714,000
|
703,698
|
|
Match Group Holdings II LLC, 6.13%,
09/15/2033(b)(c)
|
|
439,000
|
427,816
|
|
Meta Platforms, Inc.
|
|
|
|
|
4.55% 08/15/2031
|
|
1,000
|
975
|
|
4.88% 05/15/2033(c)
|
|
926,000
|
898,615
|
|
4.75% 08/15/2034
|
|
1,000
|
952
|
|
4.88% 11/15/2035(c)
|
|
59,800
|
56,125
|
|
5.25% 05/15/2036(c)
|
|
416,000
|
399,023
|
|
6.20% 05/15/2046
|
|
491,000
|
461,109
|
|
5.40% 08/15/2054
|
|
1,000
|
815
|
|
5.63% 11/15/2055
|
|
21,000
|
17,581
|
|
6.30% 05/15/2056
|
|
477,000
|
438,170
|
|
5.75% 05/15/2063
|
|
1,000
|
830
|
|
5.55% 08/15/2064
|
|
1,000
|
800
|
|
5.75% 11/15/2065
|
|
31,000
|
25,589
|
|
6.45% 05/15/2066
|
|
1,025,000
|
939,915
|
|
|
|
|
5,710,974
|
|
Internet Services & Infrastructure-0.49%
|
|||
|
Beignet Investor LLC, 6.58%,
05/30/2049(b)
|
|
9,822,000
|
9,529,735
|
|
CoreWeave, Inc., 9.25%,
06/01/2030(b)(c)
|
|
1,054,000
|
986,098
|
|
Edged Compute LLC, 7.50%,
04/30/2031(b)
|
|
1,405,000
|
1,333,592
|
|
|
|
|
11,849,425
|
|
Investment Banking & Brokerage-1.38%
|
|||
|
Charles Schwab Corp. (The)
|
|
|
|
|
4.74% 05/21/2030(e)
|
|
1,722,000
|
1,718,364
|
|
4.34% 11/14/2031(e)
|
|
245,000
|
239,090
|
|
4.91% 11/14/2036(e)
|
|
40,000
|
38,236
|
|
5.49% 05/21/2037(e)
|
|
584,000
|
580,462
|
|
Series K, 5.00% (e)(f)
|
|
4,000
|
3,995
|
|
Series L, 6.10% (e)(f)
|
|
1,202,000
|
1,186,265
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage-(continued)
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.96% (SOFR + 1.29%),
04/23/2028(d)
|
$
|
35,000
|
$35,192
|
|
4.15% 01/21/2029(e)
|
|
651,000
|
644,963
|
|
4.59% 04/20/2030(e)
|
|
567,000
|
560,980
|
|
5.73% 04/25/2030(e)
|
|
4,000
|
4,073
|
|
5.05% 07/23/2030(e)
|
|
6,000
|
6,012
|
|
4.69% 10/23/2030(e)
|
|
10,000
|
9,888
|
|
5.21% 01/28/2031(e)
|
|
14,000
|
14,044
|
|
5.22% 04/23/2031(e)
|
|
33,000
|
33,060
|
|
4.37% 10/21/2031(e)
|
|
179,800
|
174,073
|
|
4.97% 06/03/2032(e)
|
|
930,000
|
917,604
|
|
5.24% 07/21/2032(e)
|
|
1,106,000
|
1,104,064
|
|
5.09% 04/20/2034(e)
|
|
457,000
|
447,476
|
|
5.85% 04/25/2035(e)
|
|
1,000
|
1,018
|
|
5.33% 07/23/2035(e)
|
|
1,000
|
983
|
|
4.94% 10/21/2036(e)
|
|
20,600
|
19,491
|
|
5.43% 06/03/2037(e)
|
|
1,177,000
|
1,150,275
|
|
5.66% 07/21/2037(c)(e)
|
|
2,138,000
|
2,129,065
|
|
5.39% 02/02/2041(e)
|
|
228,000
|
216,066
|
|
6.22% 07/21/2057(e)
|
|
2,071,000
|
2,052,576
|
|
Series AA, 6.50% (e)(f)
|
|
4,275,000
|
4,245,014
|
|
Series V, 4.13% (e)(f)
|
|
321,000
|
319,765
|
|
Series W, 7.50% (c)(e)(f)
|
|
2,512,000
|
2,605,489
|
|
Series X, 7.50% (c)(e)(f)
|
|
2,527,000
|
2,615,642
|
|
Morgan Stanley
|
|
|
|
|
5.12% 02/01/2029(e)
|
|
3,000
|
3,014
|
|
4.99% 04/12/2029(e)
|
|
18,000
|
18,063
|
|
5.16% 04/20/2029(e)
|
|
4,000
|
4,021
|
|
4.87% 07/12/2029(c)(e)
|
|
1,785,000
|
1,785,210
|
|
5.45% 07/20/2029(e)
|
|
4,000
|
4,043
|
|
6.41% 11/01/2029(e)
|
|
4,000
|
4,128
|
|
4.24% 01/09/2030(e)
|
|
763,000
|
750,405
|
|
5.17% 01/16/2030(e)
|
|
4,000
|
4,020
|
|
5.04% 07/19/2030(e)
|
|
18,000
|
18,043
|
|
4.65% 10/18/2030(e)
|
|
16,000
|
15,827
|
|
5.23% 01/15/2031(e)
|
|
56,000
|
56,299
|
|
5.19% 04/17/2031(e)
|
|
39,000
|
39,126
|
|
4.49% 01/16/2032(e)
|
|
305,000
|
296,131
|
|
4.71% 03/12/2032(e)
|
|
607,000
|
593,359
|
|
4.81% 04/16/2032(e)
|
|
479,000
|
469,941
|
|
5.17% 07/14/2032(e)
|
|
1,107,000
|
1,103,104
|
|
5.25% 04/21/2034(e)
|
|
1,000
|
991
|
|
5.42% 07/21/2034(e)
|
|
1,000
|
998
|
|
5.47% 01/18/2035(e)
|
|
1,000
|
997
|
|
5.83% 04/19/2035(e)
|
|
1,000
|
1,019
|
|
5.32% 07/19/2035(e)
|
|
1,000
|
986
|
|
5.07% 01/30/2037(e)
|
|
10,000
|
9,598
|
|
5.30% 04/10/2037(e)
|
|
110,000
|
106,795
|
|
5.61% 07/17/2037(e)
|
|
1,788,000
|
1,777,915
|
|
5.95% 01/19/2038(e)
|
|
2,000
|
2,029
|
|
5.31% 01/18/2041(e)
|
|
29,000
|
27,499
|
|
5.90% 03/13/2047(e)
|
|
547,000
|
529,491
|
|
Series I, 4.52% (SOFR + 0.85%),
07/12/2029(c)(d)
|
|
2,691,000
|
2,695,073
|
|
Series I, 4.36% 10/22/2031(e)
|
|
184,100
|
178,386
|
|
Raymond James Financial, Inc.,
4.90%, 09/11/2035
|
|
11,000
|
10,501
|
|
|
|
|
33,580,237
|
|
|
Principal
Amount
|
Value
|
|
|
IT Consulting & Other Services-0.05%
|
|||
|
International Business Machines Corp.
|
|
|
|
|
4.80% 02/10/2030(c)
|
$
|
397,000
|
$395,391
|
|
4.30% 02/03/2031
|
|
612,000
|
593,663
|
|
5.20% 02/10/2035(c)
|
|
174,000
|
169,658
|
|
5.70% 02/10/2055
|
|
33,000
|
29,116
|
|
|
|
|
1,187,828
|
|
Leisure Products-0.04%
|
|||
|
Brunswick Corp., 5.85%,
03/18/2029
|
|
2,000
|
2,039
|
|
Hasbro, Inc., 4.65%, 03/12/2031
|
|
464,000
|
454,841
|
|
Viking Cruises Ltd., 5.88%,
10/15/2033(b)
|
|
567,000
|
561,699
|
|
|
|
|
1,018,579
|
|
Life & Health Insurance-1.45%
|
|||
|
200 Park Funding Trust, 5.74%,
02/15/2055(b)
|
|
97,000
|
91,279
|
|
American National Global Funding
|
|
|
|
|
5.00% 06/22/2029(b)
|
|
3,036,000
|
3,016,157
|
|
5.55% 01/28/2030(b)
|
|
4,000
|
4,024
|
|
American National Group, Inc.,
6.00%, 07/15/2035
|
|
6,000
|
5,858
|
|
Athene Global Funding, 5.58%,
01/09/2029(b)
|
|
3,000
|
3,026
|
|
Constellation Global Funding
|
|
|
|
|
4.85% 10/22/2030(b)
|
|
258,000
|
251,276
|
|
5.70% 08/05/2031(b)
|
|
8,196,000
|
8,175,886
|
|
Corebridge Global Funding
|
|
|
|
|
5.90% 09/19/2028(b)
|
|
3,000
|
3,065
|
|
4.52% (SOFR + 0.86%),
12/15/2028(b)(d)
|
|
5,798,000
|
5,787,981
|
|
5.20% 01/12/2029(b)
|
|
3,000
|
3,020
|
|
4.80% 05/29/2029(b)
|
|
1,187,000
|
1,183,786
|
|
5.20% 06/24/2029(b)
|
|
4,000
|
4,028
|
|
Dai-ichi Life Insurance Co. Ltd. (The)
(Japan), 6.20%(b)(c)(e)(f)
|
|
159,000
|
160,704
|
|
GA Global Funding Trust
|
|
|
|
|
5.50% 01/08/2029(b)(c)
|
|
352,000
|
354,920
|
|
4.50% 09/18/2030(b)
|
|
555,000
|
533,658
|
|
Grand River Funding Trust I, 6.31%,
02/15/2036(b)(c)
|
|
168,000
|
165,147
|
|
Grand River Funding Trust II, 7.28%,
02/15/2056(b)(c)
|
|
304,000
|
302,082
|
|
Jackson National Life Global Funding,
4.85%, 06/23/2028(b)
|
|
6,318,000
|
6,312,224
|
|
Lincoln Financial Global Funding
|
|
|
|
|
4.63% 08/18/2030(b)
|
|
38,000
|
37,258
|
|
4.95% 05/21/2031(b)
|
|
657,000
|
648,213
|
|
Lincoln National Corp., 6.80%,
07/15/2056(c)(e)
|
|
907,000
|
896,963
|
|
MAG Mutual Holding Co., 4.75%,
04/30/2041(b)(h)
|
|
3,179,000
|
2,842,026
|
|
MassMutual Global Funding II, 4.55%,
05/07/2030(b)
|
|
608,000
|
599,780
|
|
MetLife, Inc., Series G, 6.35%,
03/15/2055(e)
|
|
6,000
|
6,090
|
|
Nippon Life Insurance Co. (Japan)
|
|
|
|
|
5.95% 04/16/2054(b)(e)
|
|
179,000
|
179,297
|
|
6.50% 04/30/2055(b)(c)(e)
|
|
258,000
|
265,974
|
|
Northwestern Mutual Global Funding,
4.74%, 06/30/2031(b)(c)
|
|
905,000
|
895,520
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Northwestern Mutual Life Insurance
Co. (The), 6.05%, 06/30/2056(b)
|
$
|
584,000
|
$570,032
|
|
Pricoa Global Funding I, 4.65%,
08/27/2031(b)
|
|
209,000
|
205,564
|
|
Principal Financial Group, Inc., 5.30%,
01/15/2037
|
|
524,000
|
508,431
|
|
Protective Life Corp.
|
|
|
|
|
4.70% 01/15/2031(b)
|
|
189,600
|
185,413
|
|
5.35% 12/15/2035(b)
|
|
29,600
|
28,527
|
|
Protective Life Global Funding,
4.83%, 04/14/2031(b)(c)
|
|
1,009,000
|
997,790
|
|
Prudential Financial, Inc., 5.20%,
03/14/2035
|
|
12,000
|
11,841
|
|
Wynnton Funding Trust, 5.25%,
08/15/2035(b)
|
|
150,000
|
145,087
|
|
|
|
|
35,381,927
|
|
Life Sciences Tools & Services-0.03%
|
|||
|
Thermo Fisher Scientific, Inc.
|
|
|
|
|
4.22% 02/12/2031
|
|
598,000
|
582,087
|
|
4.55% 06/15/2033
|
|
77,000
|
74,555
|
|
4.90% 02/12/2036
|
|
77,000
|
74,474
|
|
|
|
|
731,116
|
|
Managed Health Care-0.00%
|
|||
|
UnitedHealth Group, Inc.
|
|
|
|
|
5.25% 02/15/2028
|
|
2,000
|
2,023
|
|
5.30% 02/15/2030
|
|
2,000
|
2,031
|
|
5.35% 02/15/2033
|
|
1,000
|
1,011
|
|
5.63% 07/15/2054
|
|
1,000
|
932
|
|
5.75% 07/15/2064
|
|
1,000
|
926
|
|
|
|
|
6,923
|
|
Marine Transportation-0.12%
|
|||
|
A.P. Moller - Maersk A/S, 5.88%,
09/14/2033(b)
|
|
1,000
|
1,028
|
|
Carrix, Inc., 6.13%, 08/01/2033(b)
|
|
1,707,000
|
1,703,383
|
|
NCL Corp. Ltd.
|
|
|
|
|
5.88% 01/15/2031(b)
|
|
791,000
|
756,458
|
|
6.25% 09/15/2033(b)(c)
|
|
446,000
|
424,191
|
|
|
|
|
2,885,060
|
|
Metal, Glass & Plastic Containers-0.04%
|
|||
|
Smurfit Kappa Treasury Unlimited Co.
(Ireland)
|
|
|
|
|
5.20% 01/15/2030
|
|
700,000
|
705,070
|
|
5.44% 04/03/2034
|
|
155,000
|
154,696
|
|
|
|
|
859,766
|
|
Movies & Entertainment-0.00%
|
|||
|
Netflix, Inc., 5.40%, 08/15/2054
|
|
1,000
|
918
|
|
Multi-Family Residential REITs-0.00%
|
|||
|
AvalonBay Communities, Inc., 5.30%,
12/07/2033
|
|
1,000
|
1,009
|
|
Essex Portfolio L.P., 5.50%,
04/01/2034
|
|
1,000
|
1,001
|
|
|
|
|
2,010
|
|
Multi-line Insurance-0.04%
|
|||
|
AEGON Funding Co. LLC, 5.63%,
05/07/2036
|
|
256,000
|
249,393
|
|
|
Principal
Amount
|
Value
|
|
|
Multi-line Insurance-(continued)
|
|||
|
Allianz SE (Germany), 6.50%(b)(e)(f)
|
$
|
400,000
|
$397,094
|
|
Metropolitan Life Global Funding I,
5.15%, 03/28/2033(b)
|
|
210,000
|
209,018
|
|
|
|
|
855,505
|
|
Multi-Utilities-0.54%
|
|||
|
Black Hills Corp., 6.15%,
05/15/2034
|
|
1,000
|
1,035
|
|
CenterPoint Energy, Inc.
|
|
|
|
|
5.95% 04/01/2056(c)(e)
|
|
206,000
|
204,629
|
|
Conv., 3.00% 08/01/2028(b)
|
|
3,272,000
|
3,413,514
|
|
Series E, 6.40% 08/15/2058(e)
|
|
4,546,000
|
4,545,173
|
|
Dominion Energy, Inc.
|
|
|
|
|
5.35% 06/15/2036
|
|
540,000
|
525,514
|
|
6.00% 02/15/2056(c)(e)
|
|
240,000
|
237,714
|
|
6.20% 02/15/2056(e)
|
|
20,000
|
19,698
|
|
DTE Energy Co.
|
|
|
|
|
4.95% 07/01/2027
|
|
3,000
|
3,012
|
|
5.85% 06/01/2034
|
|
1,000
|
1,027
|
|
Series C, 6.20% 07/01/2058(c)(e)
|
|
1,899,000
|
1,892,608
|
|
ENGIE S.A. (France)
|
|
|
|
|
5.25% 04/10/2029(b)
|
|
566,000
|
572,094
|
|
5.63% 04/10/2034(b)(c)
|
|
275,000
|
279,940
|
|
5.88% 04/10/2054(b)
|
|
106,000
|
101,951
|
|
NiSource, Inc.
|
|
|
|
|
5.25% 03/30/2028
|
|
3,000
|
3,027
|
|
4.75% 05/18/2031(c)
|
|
307,000
|
303,556
|
|
5.30% 05/18/2036
|
|
152,000
|
148,781
|
|
Sempra
|
|
|
|
|
5.25% 03/15/2036(c)
|
|
448,000
|
432,511
|
|
6.88% 10/01/2054(e)
|
|
4,000
|
4,063
|
|
6.38% 04/01/2056(e)
|
|
132,000
|
132,917
|
|
WEC Energy Group, Inc.
|
|
|
|
|
5.15% 10/01/2027
|
|
4,000
|
4,025
|
|
4.75% 01/15/2028
|
|
390,000
|
391,018
|
|
|
|
|
13,217,807
|
|
Office REITs-0.09%
|
|||
|
Boston Properties L.P., Conv., 2.00%,
10/01/2030(b)
|
|
1,857,000
|
1,824,503
|
|
COPT Defense Properties L.P., 4.50%,
10/15/2030
|
|
31,000
|
30,303
|
|
Cousins Properties L.P.
|
|
|
|
|
5.38% 02/15/2032
|
|
2,000
|
2,008
|
|
4.88% 03/01/2033
|
|
151,000
|
144,791
|
|
5.88% 10/01/2034
|
|
3,000
|
3,024
|
|
Piedmont Operating Partnership L.P.
|
|
|
|
|
6.88% 07/15/2029
|
|
4,000
|
4,165
|
|
5.63% 01/15/2033
|
|
113,000
|
111,100
|
|
|
|
|
2,119,894
|
|
Oil & Gas Equipment & Services-0.12%
|
|||
|
Baker Hughes Holdings LLC/Baker
Hughes Co-Obligor, Inc.
|
|
|
|
|
4.05% 03/11/2029
|
|
676,000
|
664,568
|
|
4.35% 06/15/2031
|
|
1,350,000
|
1,311,602
|
|
Bristow Group, Inc., 6.75%,
02/01/2033(b)
|
|
1,075,000
|
1,076,948
|
|
|
|
|
3,053,118
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Exploration & Production-0.09%
|
|||
|
Aethon United BR L.P./Aethon United
Finance Corp., 7.50%,
10/01/2029(b)
|
$
|
161,000
|
$167,115
|
|
Diamondback Energy, Inc.
|
|
|
|
|
5.20% 04/18/2027
|
|
3,000
|
3,014
|
|
5.15% 01/30/2030
|
|
4,000
|
4,031
|
|
EOG Resources, Inc., 4.40%,
07/15/2028
|
|
22,000
|
21,957
|
|
Expand Energy Corp., 5.38%,
03/15/2030
|
|
2,000
|
2,006
|
|
Hilcorp Energy I L.P./Hilcorp Finance
Co.
|
|
|
|
|
6.88% 05/15/2034(b)
|
|
47,000
|
46,066
|
|
7.25% 02/15/2035(b)
|
|
85,000
|
84,370
|
|
Uzbekneftegaz JSC (Uzbekistan),
4.75%, 11/16/2028(b)
|
|
1,278,000
|
1,232,674
|
|
Var Energi ASA (Norway), 5.88%,
05/22/2030(b)
|
|
519,000
|
529,888
|
|
Woodside Finance Ltd. (Australia),
5.70%, 05/19/2032
|
|
12,000
|
12,240
|
|
|
|
|
2,103,361
|
|
Oil & Gas Refining & Marketing-0.11%
|
|||
|
Empresa Nacional del Petroleo (Chile),
5.95%, 07/30/2034(b)
|
|
929,000
|
933,701
|
|
Sunoco L.P.
|
|
|
|
|
5.63% 03/15/2031(b)
|
|
469,000
|
463,177
|
|
5.88% 03/15/2034(b)
|
|
695,000
|
680,677
|
|
7.88% (b)(e)(f)
|
|
674,000
|
691,327
|
|
|
|
|
2,768,882
|
|
Oil & Gas Storage & Transportation-1.24%
|
|||
|
Antero Midstream Partners
L.P./Antero Midstream Finance
Corp.
|
|
|
|
|
6.63% 02/01/2032(b)
|
|
301,000
|
306,543
|
|
5.75% 10/15/2033(b)
|
|
1,246,000
|
1,224,605
|
|
Cheniere Energy Partners L.P.
|
|
|
|
|
5.35% 11/30/2036(b)
|
|
697,000
|
678,345
|
|
6.05% 11/30/2056(b)(c)
|
|
391,000
|
375,701
|
|
Cheniere Energy, Inc., 5.20%,
07/30/2036(b)
|
|
158,000
|
152,894
|
|
Columbia Pipelines Holding Co. LLC,
5.10%, 10/01/2031(b)
|
|
1,000
|
991
|
|
Columbia Pipelines Operating Co. LLC,
5.70%, 10/01/2054(b)
|
|
1,000
|
916
|
|
Enbridge, Inc. (Canada)
|
|
|
|
|
5.70% 03/08/2033
|
|
1,000
|
1,020
|
|
5.45% 03/27/2036
|
|
391,000
|
387,056
|
|
7.63% 01/15/2083(e)
|
|
1,000
|
1,077
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Energy Transfer L.P.
|
|
|
|
|
6.05% 12/01/2026
|
$
|
3,000
|
$3,013
|
|
5.50% 06/01/2027
|
|
3,000
|
3,018
|
|
6.10% 12/01/2028
|
|
2,000
|
2,057
|
|
6.40% 12/01/2030
|
|
3,000
|
3,149
|
|
4.55% 01/15/2031
|
|
202,000
|
197,819
|
|
5.35% 01/15/2036
|
|
37,000
|
36,167
|
|
8.00% 05/15/2054(e)
|
|
798,000
|
837,960
|
|
7.13% 10/01/2054(c)(e)
|
|
3,021,000
|
3,087,027
|
|
6.30% 01/15/2056
|
|
8,000
|
7,708
|
|
6.50% 02/15/2056(e)
|
|
2,231,000
|
2,232,464
|
|
6.55% 01/15/2057(c)(e)
|
|
3,779,000
|
3,732,664
|
|
6.70% 01/15/2057(e)
|
|
3,823,000
|
3,768,315
|
|
Series H, 6.50% (e)(f)
|
|
3,000,000
|
3,000,839
|
|
Enterprise Products Operating LLC
|
|
|
|
|
4.30% 06/20/2028
|
|
194,000
|
193,096
|
|
4.60% 01/15/2031(c)
|
|
173,600
|
171,760
|
|
GreenSaif Pipelines Bidco S.a.r.l.
(Saudi Arabia)
|
|
|
|
|
5.85% 02/23/2036(b)
|
|
2,835,000
|
2,818,707
|
|
6.51% 02/23/2042(b)
|
|
970,000
|
986,626
|
|
6.10% 08/23/2042(b)
|
|
908,000
|
896,266
|
|
Gulfstream Natural Gas System L.L.C.,
5.60%, 07/23/2035(b)
|
|
12,000
|
11,949
|
|
Kinder Morgan, Inc.
|
|
|
|
|
7.80% 08/01/2031
|
|
2,000
|
2,244
|
|
4.80% 02/01/2033
|
|
1,000
|
975
|
|
MPLX L.P.
|
|
|
|
|
4.80% 02/15/2031
|
|
130,000
|
128,370
|
|
5.00% 01/15/2033
|
|
40,000
|
39,187
|
|
5.40% 09/15/2035
|
|
14,000
|
13,728
|
|
4.95% 03/14/2052
|
|
1,000
|
812
|
|
NGL Energy Operating LLC/NGL
Energy Finance Corp., 8.38%,
02/15/2032(b)
|
|
149,000
|
155,006
|
|
Northriver Midstream Finance L.P.
(Canada), 6.75%, 07/15/2032(b)
|
|
53,000
|
53,465
|
|
South Bow Canadian Infrastructure
Holdings Ltd. (Canada), 7.63%,
03/01/2055(e)
|
|
753,000
|
783,628
|
|
South Bow USA Infrastructure
Holdings LLC (Canada)
|
|
|
|
|
4.91% 09/01/2027
|
|
18,000
|
18,033
|
|
5.03% 10/01/2029
|
|
19,000
|
18,947
|
|
5.58% 10/01/2034
|
|
1,000
|
983
|
|
6.18% 10/01/2054
|
|
2,000
|
1,838
|
|
Southern Co. Gas Capital Corp.
|
|
|
|
|
5.75% 09/15/2033
|
|
1,000
|
1,026
|
|
Series A, 4.05% 09/15/2028
|
|
22,000
|
21,743
|
|
Series B, 5.10% 09/15/2035
|
|
6,600
|
6,393
|
|
Tallgrass Energy Partners
L.P./Tallgrass Energy Finance
Corp., 7.38%, 02/15/2029(b)
|
|
293,000
|
300,108
|
|
TransCanada Pipelines Ltd. (Canada)
|
|
|
|
|
6.13% 10/17/2056(c)(e)
|
|
484,000
|
483,886
|
|
6.38% 10/17/2056(c)(e)
|
|
116,000
|
116,410
|
|
Venture Global Calcasieu Pass LLC,
6.00%, 05/01/2036(b)
|
|
551,000
|
544,834
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-(continued)
|
|||
|
Venture Global LNG, Inc.
|
|
|
|
|
9.50% 02/01/2029(b)
|
$
|
210,000
|
$224,882
|
|
9.88% 02/01/2032(b)
|
|
68,000
|
72,430
|
|
6.38% 12/15/2034(b)
|
|
612,033
|
596,425
|
|
6.63% 06/15/2036(b)
|
|
509,667
|
499,801
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
7.50% 05/01/2033(b)
|
|
184,000
|
199,738
|
|
6.50% 01/15/2034(b)
|
|
163,000
|
168,272
|
|
7.75% 05/01/2035(b)
|
|
331,000
|
367,037
|
|
6.75% 01/15/2036(b)
|
|
98,000
|
102,628
|
|
Western Midstream Operating L.P.
|
|
|
|
|
4.80% 03/01/2031
|
|
289,700
|
284,323
|
|
6.15% 04/01/2033
|
|
1,000
|
1,029
|
|
5.45% 11/15/2034
|
|
1,000
|
981
|
|
5.50% 12/15/2035
|
|
24,600
|
23,954
|
|
5.30% 03/01/2048
|
|
1,000
|
838
|
|
Williams Cos., Inc. (The)
|
|
|
|
|
5.30% 08/15/2028
|
|
2,000
|
2,022
|
|
4.80% 11/15/2029
|
|
4,000
|
3,996
|
|
5.80% 11/15/2054
|
|
1,000
|
928
|
|
6.00% 03/15/2055
|
|
3,000
|
2,864
|
|
|
|
|
30,363,516
|
|
Other Specialty Retail-0.00%
|
|||
|
Tractor Supply Co., 5.25%,
05/15/2033(c)
|
|
1,000
|
993
|
|
VSP Optical Group, Inc., 5.45%,
12/01/2035(b)
|
|
8,000
|
7,875
|
|
|
|
|
8,868
|
|
Packaged Foods & Meats-0.15%
|
|||
|
Campbell’s Co. (The)
|
|
|
|
|
5.20% 03/21/2029
|
|
2,000
|
2,010
|
|
5.40% 03/21/2034
|
|
1,000
|
967
|
|
Conagra Brands, Inc., 5.40%,
08/01/2031
|
|
608,000
|
607,641
|
|
General Mills, Inc., 5.50%,
10/17/2028
|
|
3,000
|
3,053
|
|
JBS N.V./JBS USA Foods Group
Holdings, Inc./JBS USA Food Co.
Holdings
|
|
|
|
|
6.25% 03/01/2056
|
|
9,000
|
8,434
|
|
6.38% 04/15/2066
|
|
1,000
|
934
|
|
Mars, Inc.
|
|
|
|
|
4.60% 03/01/2028(b)
|
|
58,000
|
58,040
|
|
4.80% 03/01/2030(b)
|
|
17,000
|
16,946
|
|
5.00% 03/01/2032(b)
|
|
18,000
|
17,948
|
|
5.20% 03/01/2035(b)
|
|
11,000
|
10,852
|
|
McCormick & Co., Inc., 4.15%,
02/15/2029
|
|
172,000
|
169,420
|
|
Minerva Luxembourg S.A. (Brazil),
7.50%, 04/22/2036(b)
|
|
2,915,000
|
2,779,307
|
|
Post Holdings, Inc., 6.25%,
10/15/2034(b)
|
|
47,000
|
45,732
|
|
|
|
|
3,721,284
|
|
Paper & Plastic Packaging Products & Materials-0.01%
|
|||
|
Cascades, Inc./Cascades USA, Inc.
(Canada), 6.75%, 07/15/2030(b)(c)
|
|
309,000
|
314,129
|
|
Paper Products-0.00%
|
|||
|
Magnera Corp., 7.25%,
11/15/2031(b)
|
|
47,000
|
46,033
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines-0.41%
|
|||
|
American Airlines Pass-Through Trust
|
|
|
|
|
Series 2021-1, Class B, 3.95%
07/11/2030
|
$
|
11,520
|
$10,962
|
|
Series A, 4.90% 05/11/2038
|
|
96,000
|
92,173
|
|
Series A, 5.25% 11/10/2038
|
|
2,402,000
|
2,336,512
|
|
Series A, 5.70% 02/20/2039
|
|
1,848,000
|
1,844,931
|
|
Series B, 5.65% 11/11/2034
|
|
65,000
|
63,623
|
|
Series B, 5.75% 05/10/2035
|
|
338,000
|
332,855
|
|
Series B, 6.30% 08/20/2035
|
|
3,846,000
|
3,846,394
|
|
AS Mileage Plan IP Ltd., 5.02%,
10/20/2029(b)
|
|
4,000
|
3,943
|
|
British Airways Pass-Through Trust
(United Kingdom), Series 2021-1,
Class A, 2.90%, 03/15/2035(b)
|
|
3,062
|
2,782
|
|
Delta Air Lines, Inc.
|
|
|
|
|
4.95% 07/10/2028
|
|
55,000
|
55,087
|
|
5.25% 07/10/2030
|
|
58,000
|
58,342
|
|
Delta Air Lines, Inc./SkyMiles IP Ltd.,
4.75%, 10/20/2028(b)
|
|
5,218
|
5,211
|
|
Southwest Airlines Co., 4.38%,
11/15/2028
|
|
435,000
|
430,066
|
|
United Airlines Holdings, Inc., 4.88%,
03/01/2029
|
|
1,042,000
|
1,028,651
|
|
United Airlines Pass-Through Trust
|
|
|
|
|
Series 2020-1, Class A, 5.88%
10/15/2027
|
|
1,187
|
1,199
|
|
Series 24-A, 5.88% 02/15/2037
|
|
2,819
|
2,799
|
|
Series AA, 5.45% 02/15/2037
|
|
2,819
|
2,833
|
|
|
|
|
10,118,363
|
|
Passenger Ground Transportation-0.01%
|
|||
|
Uber Technologies, Inc.
|
|
|
|
|
4.30% 01/15/2030
|
|
22,000
|
21,587
|
|
4.15% 01/15/2031
|
|
110,800
|
106,924
|
|
4.80% 09/15/2035
|
|
1,000
|
948
|
|
|
|
|
129,459
|
|
Personal Care Products-0.00%
|
|||
|
Coty, Inc./HFC Prestige Products,
Inc./HFC Prestige International
US LLC, 5.60%, 01/15/2031(b)
|
|
2,000
|
1,964
|
|
Pharmaceuticals-0.92%
|
|||
|
AstraZeneca Finance LLC (United
Kingdom)
|
|
|
|
|
4.85% 02/26/2029
|
|
4,000
|
4,026
|
|
4.90% 02/26/2031
|
|
3,000
|
3,012
|
|
Bayer US Finance LLC (Germany)
|
|
|
|
|
5.13% 07/20/2031(b)
|
|
2,107,000
|
2,089,249
|
|
5.38% 07/20/2033(b)(c)
|
|
821,000
|
811,317
|
|
5.63% 07/20/2036(b)
|
|
2,487,000
|
2,443,327
|
|
6.25% 07/20/2046(b)
|
|
2,962,000
|
2,845,666
|
|
6.38% 07/20/2056(b)
|
|
3,433,000
|
3,321,379
|
|
Bristol-Myers Squibb Co., 5.75%,
02/01/2031
|
|
3,000
|
3,109
|
|
Eli Lilly and Co.
|
|
|
|
|
3.99% (SOFR + 0.35%),
05/20/2028(d)
|
|
2,527,000
|
2,532,340
|
|
5.55% 10/15/2055
|
|
1,800
|
1,705
|
|
5.20% 08/14/2064
|
|
1,000
|
876
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals-(continued)
|
|||
|
EMD Finance LLC (Germany)
|
|
|
|
|
4.13% 08/15/2028(b)
|
$
|
502,000
|
$496,484
|
|
4.38% 10/15/2030(b)
|
|
895,000
|
875,750
|
|
4.63% 10/15/2032(b)
|
|
341,000
|
330,541
|
|
Merck & Co., Inc.
|
|
|
|
|
4.23% (SOFR + 0.57%),
03/15/2029(d)
|
|
326,000
|
327,103
|
|
4.30% 05/17/2030
|
|
2,000
|
1,972
|
|
4.15% 03/15/2031(c)
|
|
663,000
|
645,071
|
|
4.65% 05/22/2031
|
|
958,000
|
951,753
|
|
4.45% 12/04/2032
|
|
63,000
|
61,321
|
|
4.95% 05/22/2033(c)
|
|
441,000
|
438,222
|
|
4.75% 12/04/2035
|
|
46,000
|
44,188
|
|
5.20% 05/22/2036
|
|
456,000
|
452,863
|
|
5.75% 05/22/2046
|
|
591,000
|
575,719
|
|
5.85% 05/22/2056
|
|
227,000
|
221,562
|
|
5.70% 12/04/2065
|
|
3,000
|
2,819
|
|
Novartis Capital Corp.
|
|
|
|
|
4.40% 03/18/2031(c)
|
|
407,000
|
400,227
|
|
4.60% 03/18/2033
|
|
220,000
|
214,786
|
|
4.20% 09/18/2034
|
|
5,000
|
4,724
|
|
4.90% 03/18/2036
|
|
149,000
|
144,843
|
|
5.60% 03/18/2046(c)
|
|
115,000
|
111,426
|
|
4.70% 09/18/2054
|
|
3,000
|
2,510
|
|
Pfizer, Inc.
|
|
|
|
|
4.20% 11/15/2030
|
|
279,000
|
272,864
|
|
4.50% 11/15/2032
|
|
158,000
|
153,891
|
|
5.60% 11/15/2055
|
|
4,000
|
3,795
|
|
5.70% 11/15/2065
|
|
5,000
|
4,664
|
|
Takeda U.S. Financing, Inc.
|
|
|
|
|
5.20% 07/07/2035
|
|
266,000
|
260,751
|
|
5.90% 07/07/2055
|
|
225,000
|
217,304
|
|
Teva Pharmaceutical Finance
Netherlands III B.V. (Israel), 6.00%,
12/01/2032
|
|
1,046,000
|
1,066,062
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
84,000
|
83,316
|
|
|
|
|
22,422,537
|
|
Property & Casualty Insurance-0.04%
|
|||
|
American International Group, Inc.,
4.85%, 05/07/2030
|
|
10,000
|
9,992
|
|
Asurion LLC and Asurion Co-Issuer,
Inc., 8.38%, 02/01/2034(b)
|
|
405,000
|
369,314
|
|
Chubb INA Holdings LLC, 5.30%,
05/20/2036
|
|
258,000
|
255,544
|
|
CNA Financial Corp., 5.20%,
08/15/2035
|
|
15,000
|
14,483
|
|
Fairfax Financial Holdings Ltd.
(Canada), 6.10%, 03/15/2055
|
|
1,000
|
937
|
|
Hanover Insurance Group, Inc. (The),
5.50%, 09/01/2035
|
|
7,000
|
6,896
|
|
Sompo Holdings, Inc. (Japan), 5.41%,
04/22/2037(b)(e)
|
|
366,000
|
351,672
|
|
|
|
|
1,008,838
|
|
Rail Transportation-0.03%
|
|||
|
Canadian Pacific Railway Co. (Canada)
|
|
|
|
|
4.00% 03/15/2029
|
|
346,000
|
339,827
|
|
5.20% 03/30/2035
|
|
1,000
|
993
|
|
TTX Co., 5.05%, 11/15/2034(b)
|
|
344,000
|
338,782
|
|
|
|
|
679,602
|
|
|
Principal
Amount
|
Value
|
|
|
Real Estate Development-0.02%
|
|||
|
Essential Properties L.P.
|
|
|
|
|
5.40% 12/01/2035
|
$
|
1,200
|
$1,168
|
|
5.38% 07/15/2036(c)
|
|
312,000
|
302,421
|
|
Prologis Targeted U.S. Logistics Fund
L.P.
|
|
|
|
|
4.25% 01/15/2031(b)
|
|
101,000
|
97,538
|
|
4.75% 01/15/2036(b)
|
|
16,000
|
14,991
|
|
|
|
|
416,118
|
|
Regional Banks-0.48%
|
|||
|
Citizens Financial Group, Inc.
|
|
|
|
|
5.30% 01/29/2036(e)
|
|
71,500
|
70,023
|
|
5.64% 05/21/2037(e)
|
|
1,000
|
992
|
|
CoBank ACB, Series N, 6.75%(e)(f)
|
|
935,000
|
940,789
|
|
Huntington Bancshares, Inc.
|
|
|
|
|
4.62% 01/28/2032(c)(e)
|
|
444,000
|
432,094
|
|
5.61% 01/28/2041(e)
|
|
51,000
|
48,909
|
|
M&T Bank Corp., 5.30%,
04/18/2036(e)
|
|
1,187,000
|
1,166,334
|
|
Pinnacle Financial Partners, Inc.
|
|
|
|
|
6.17% 11/01/2030(e)
|
|
4,000
|
4,071
|
|
5.60% 05/19/2032(c)(e)
|
|
357,000
|
354,042
|
|
Regions Financial Corp., 5.72%,
06/06/2030(e)
|
|
4,000
|
4,083
|
|
Santander Holdings USA, Inc.
|
|
|
|
|
5.04% 06/05/2030(e)
|
|
935,000
|
930,549
|
|
5.22% 06/05/2032(e)
|
|
948,000
|
935,828
|
|
5.70% 06/05/2037(e)
|
|
629,000
|
613,338
|
|
Truist Financial Corp., 4.60%,
01/27/2032(e)
|
|
191,000
|
186,516
|
|
Zions Bancorp. N.A.
|
|
|
|
|
5.24% 10/01/2029(e)
|
|
3,663,000
|
3,664,917
|
|
6.82% 11/19/2035(e)
|
|
288,000
|
298,777
|
|
Zions Bancorporation N.A.
|
|
|
|
|
4.70% 08/18/2028(e)
|
|
1,032,000
|
1,028,754
|
|
4.48% 02/09/2029(e)
|
|
950,000
|
942,744
|
|
|
|
|
11,622,760
|
|
Reinsurance-0.27%
|
|||
|
Argentum Netherlands B.V. for Swiss
Re Ltd. (Switzerland), 5.63%,
08/15/2052(b)(e)
|
|
2,244,000
|
2,246,270
|
|
Enstar Group Ltd., 6.69%,
07/15/2037(b)(e)
|
|
985,000
|
962,559
|
|
Fortitude Global Funding, 4.63%,
10/06/2028(b)
|
|
209,000
|
206,770
|
|
Reinsurance Group of America, Inc.,
6.38%, 09/15/2056(e)
|
|
44,000
|
42,957
|
|
RenaissanceRe Holdings Ltd.
(Bermuda), 5.75%, 06/05/2033
|
|
2,915,000
|
2,938,844
|
|
RGA Global Funding, 5.00%,
08/25/2032(b)
|
|
98,000
|
95,931
|
|
|
|
|
6,493,331
|
|
Renewable Electricity-0.19%
|
|||
|
Idaho Power Co., 5.20%,
08/15/2034
|
|
2,000
|
1,993
|
|
Puget Energy, Inc.
|
|
|
|
|
7.00% 09/15/2056(e)
|
|
1,856,000
|
1,862,102
|
|
7.25% 09/15/2056(e)
|
|
1,099,000
|
1,103,119
|
|
|
Principal
Amount
|
Value
|
|
|
Renewable Electricity-(continued)
|
|||
|
Southern Power Co.
|
|
|
|
|
4.80% 06/15/2031
|
$
|
1,595,000
|
$1,578,258
|
|
Series A, 4.25% 10/01/2030(c)
|
|
89,000
|
86,749
|
|
Series B, 4.90% 10/01/2035
|
|
10,000
|
9,513
|
|
|
|
|
4,641,734
|
|
Research & Consulting Services-0.08%
|
|||
|
Mobility Global, Inc.
|
|
|
|
|
5.05% 06/15/2029(b)
|
|
384,000
|
382,594
|
|
5.45% 06/15/2031(b)
|
|
879,000
|
879,440
|
|
6.05% 06/15/2036(b)
|
|
360,000
|
354,881
|
|
Verisk Analytics, Inc., 4.45%,
03/15/2031
|
|
224,000
|
217,753
|
|
|
|
|
1,834,668
|
|
Restaurants-0.04%
|
|||
|
1011778 BC ULC/New Red Finance,
Inc. (Canada), 5.63%,
09/15/2029(b)
|
|
179,000
|
178,774
|
|
Arcos Dorados B.V. (Brazil), 6.38%,
01/29/2032(b)
|
|
464,000
|
480,350
|
|
McDonald’s Corp.
|
|
|
|
|
4.80% 08/14/2028
|
|
4,000
|
4,018
|
|
4.60% 05/15/2030
|
|
20,000
|
19,934
|
|
4.40% 02/12/2031
|
|
258,000
|
254,177
|
|
4.95% 08/14/2033
|
|
2,000
|
1,993
|
|
4.95% 03/03/2035
|
|
6,000
|
5,850
|
|
5.00% 02/13/2036
|
|
24,000
|
23,492
|
|
|
|
|
968,588
|
|
Retail REITs-0.06%
|
|||
|
Brixmor Operating Partnership L.P.,
4.85%, 02/15/2033
|
|
17,000
|
16,521
|
|
Kimco Realty OP LLC, 5.30%,
02/01/2036
|
|
8,000
|
7,943
|
|
Kite Realty Group L.P.
|
|
|
|
|
5.50% 03/01/2034
|
|
1,000
|
1,000
|
|
Conv., 3.25% 04/15/2032(b)
|
|
1,232,000
|
1,230,768
|
|
NNN REIT, Inc., 5.60%, 10/15/2033
|
|
1,000
|
1,011
|
|
Realty Income Corp.
|
|
|
|
|
2.20% 06/15/2028
|
|
2,000
|
1,915
|
|
4.50% 02/01/2033
|
|
73,000
|
70,106
|
|
5.13% 04/15/2035
|
|
1,000
|
977
|
|
Regency Centers L.P.
|
|
|
|
|
5.00% 07/15/2032
|
|
9,000
|
8,958
|
|
4.50% 03/15/2033
|
|
83,000
|
79,702
|
|
5.25% 01/15/2034
|
|
1,000
|
994
|
|
Simon Property Group L.P., 4.75%,
09/26/2034
|
|
9,000
|
8,620
|
|
|
|
|
1,428,515
|
|
Security & Alarm Services-0.05%
|
|||
|
Brink’s Co. (The), 4.63%,
10/15/2027(b)
|
|
1,225,000
|
1,218,124
|
|
Self-Storage REITs-0.06%
|
|||
|
Americold Realty Operating
Partnership L.P.
|
|
|
|
|
5.60% 05/15/2032
|
|
13,000
|
12,914
|
|
5.41% 09/12/2034
|
|
3,000
|
2,879
|
|
Extra Space Storage L.P.
|
|
|
|
|
5.70% 04/01/2028
|
|
2,000
|
2,029
|
|
4.95% 01/15/2033(c)
|
|
179,000
|
175,022
|
|
|
Principal
Amount
|
Value
|
|
|
Self-Storage REITs-(continued)
|
|||
|
Goodman US Finance Eight LLC
(Australia), 5.88%, 04/28/2046(b)
|
$
|
172,000
|
$162,602
|
|
Goodman US Finance Seven LLC
(Australia), 5.25%, 04/28/2036(b)
|
|
114,000
|
109,743
|
|
Goodman US Finance Six LLC
(Australia), 5.13%, 10/07/2034(b)
|
|
1,000
|
967
|
|
Prologis L.P.
|
|
|
|
|
4.88% 06/15/2028
|
|
3,000
|
3,020
|
|
4.75% 01/15/2031
|
|
44,000
|
43,840
|
|
4.25% 06/15/2031
|
|
1,000,000
|
971,723
|
|
5.13% 01/15/2034
|
|
1,000
|
990
|
|
5.00% 01/31/2035
|
|
1,000
|
973
|
|
5.25% 03/15/2054(c)
|
|
1,000
|
900
|
|
Public Storage Operating Co.
|
|
|
|
|
5.00% 12/15/2035
|
|
99,000
|
96,267
|
|
5.35% 08/01/2053
|
|
1,000
|
908
|
|
|
|
|
1,584,777
|
|
Semiconductors-0.73%
|
|||
|
Broadcom, Inc.
|
|
|
|
|
5.15% 11/15/2031
|
|
11,000
|
10,972
|
|
5.20% 07/15/2035
|
|
6,000
|
5,764
|
|
4.80% 02/15/2036
|
|
10,000
|
9,249
|
|
Foundry JV Holdco LLC
|
|
|
|
|
5.90% 01/25/2030(b)
|
|
813,000
|
831,162
|
|
5.50% 01/25/2031(b)
|
|
763,000
|
770,087
|
|
6.15% 01/25/2032(b)
|
|
425,000
|
439,152
|
|
5.90% 01/25/2033(b)
|
|
374,000
|
381,199
|
|
5.88% 01/25/2034(b)
|
|
255,000
|
253,401
|
|
6.25% 01/25/2035(b)
|
|
299,000
|
307,617
|
|
6.10% 01/25/2036(b)
|
|
229,000
|
234,339
|
|
6.20% 01/25/2037(b)
|
|
289,000
|
295,895
|
|
6.40% 01/25/2038(b)
|
|
283,000
|
292,611
|
|
6.30% 01/25/2039(b)
|
|
219,000
|
224,669
|
|
Intel Corp.
|
|
|
|
|
5.30% 05/15/2036
|
|
183,000
|
176,782
|
|
6.13% 05/15/2056
|
|
327,000
|
307,094
|
|
ON Semiconductor Corp., Conv.,
0.00%, 05/01/2031(b)(i)
|
|
693,000
|
646,223
|
|
SK hynix, Inc. (South Korea)
|
|
|
|
|
4.25% 09/11/2028(b)
|
|
5,344,000
|
5,291,443
|
|
4.38% 09/11/2030(b)
|
|
7,609,000
|
7,447,714
|
|
|
|
|
17,925,373
|
|
Single-Family Residential REITs-0.00%
|
|||
|
American Homes 4 Rent L.P.
|
|
|
|
|
2.38% 07/15/2031
|
|
2,000
|
1,755
|
|
5.50% 07/15/2034
|
|
3,000
|
2,982
|
|
5.25% 03/15/2035
|
|
1,000
|
978
|
|
|
|
|
5,715
|
|
Soft Drinks & Non-alcoholic Beverages-0.01%
|
|||
|
Coca-Cola Co. (The), 5.40%,
05/13/2064
|
|
1,000
|
915
|
|
PepsiCo, Inc.
|
|
|
|
|
4.10% 01/15/2029
|
|
140,000
|
138,751
|
|
4.60% 02/07/2030
|
|
28,000
|
28,017
|
|
5.00% 02/07/2035
|
|
1,000
|
989
|
|
5.00% 07/23/2035
|
|
17,000
|
16,792
|
|
|
|
|
185,464
|
|
|
Principal
Amount
|
Value
|
|
|
Sovereign Debt-2.04%
|
|||
|
Bahamas Government International
Bond (Bahamas), 8.25%,
06/24/2036(b)
|
$
|
881,000
|
$976,078
|
|
Benin Sukuk S.A. (Benin), 6.20%,
01/29/2033(b)
|
|
1,611,000
|
1,551,188
|
|
Colombia Government International
Bond (Colombia), 5.38%,
01/21/2029
|
|
4,354,000
|
4,338,108
|
|
Dominican Republic International Bond
(Dominican Republic)
|
|
|
|
|
5.75% 03/17/2034(b)
|
|
1,880,000
|
1,820,780
|
|
6.15% 05/17/2038(b)
|
|
1,537,000
|
1,476,289
|
|
Egypt Government International Bond
(Egypt), 7.63%, 05/20/2034(b)
|
|
1,445,000
|
1,429,377
|
|
Egyptian Financial Co. for Sovereign
Taskeek (The) (Egypt), 6.38%,
04/07/2029(b)
|
|
681,000
|
688,484
|
|
Guatemala Government Bond
(Guatemala)
|
|
|
|
|
6.05% 08/06/2031(b)
|
|
3,287,000
|
3,334,662
|
|
6.88% 08/15/2055(b)(c)
|
|
582,000
|
609,791
|
|
Israel Government International Bond
(Israel), 5.00%, 01/13/2036
|
|
100,500
|
96,554
|
|
Korea National Oil Corp. (South Korea)
|
|
|
|
|
4.50% 03/30/2029(b)
|
|
3,945,000
|
3,925,113
|
|
4.63% 03/30/2031(b)
|
|
2,878,000
|
2,847,229
|
|
Kuwait International Government
Bond (Kuwait), 4.14%,
10/09/2030(b)(c)
|
|
1,845,000
|
1,780,398
|
|
Mexico Government International
Bond (Mexico)
|
|
|
|
|
4.75% 03/22/2031
|
|
3,992,000
|
3,878,627
|
|
5.38% 03/22/2033
|
|
738,000
|
712,760
|
|
6.25% 08/27/2037
|
|
1,817,000
|
1,771,126
|
|
Panama Government International
Bond (Panama), 5.23%,
02/23/2034
|
|
7,000,000
|
6,760,250
|
|
Romanian Government International
Bond (Romania)
|
|
|
|
|
6.63% 02/17/2028(b)
|
|
1,832,000
|
1,867,909
|
|
5.88% 01/30/2029(b)
|
|
3,084,000
|
3,110,202
|
|
Trinidad & Tobago Government
International Bond (Trinidad)
|
|
|
|
|
6.40% 06/26/2034(b)
|
|
232,000
|
234,784
|
|
6.20% 07/16/2038(b)
|
|
2,967,000
|
2,904,693
|
|
Turkiye Government International
Bond (Turkey), 6.38%,
05/22/2031
|
|
3,884,000
|
3,822,038
|
|
|
|
|
49,936,440
|
|
Specialized Consumer Services-0.04%
|
|||
|
Rentokil Terminix Funding LLC
|
|
|
|
|
5.00% 04/28/2030(b)
|
|
619,000
|
617,018
|
|
5.63% 04/28/2035(b)
|
|
376,000
|
371,057
|
|
|
|
|
988,075
|
|
Specialized Finance-0.07%
|
|||
|
HA Sustainable Infrastructure Capital,
Inc., 5.95%, 07/15/2033(b)
|
|
1,735,000
|
1,715,448
|
|
|
Principal
Amount
|
Value
|
|
|
Specialty Chemicals-0.04%
|
|||
|
Sherwin-Williams Co. (The)
|
|
|
|
|
4.30% 08/15/2028
|
$
|
231,000
|
$229,375
|
|
4.50% 08/15/2030
|
|
71,000
|
69,888
|
|
5.15% 08/15/2035
|
|
8,000
|
7,876
|
|
Stonepeak Motion Holdco
Ltd./Stonepeak Motion Finco LLC
(Jersey), 6.13%, 07/15/2033(b)
|
|
762,000
|
758,547
|
|
|
|
|
1,065,686
|
|
Steel-0.11%
|
|||
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
6.88% 11/01/2029(b)
|
|
502,000
|
507,688
|
|
7.63% 01/15/2034(b)(c)
|
|
706,000
|
714,948
|
|
POSCO Holdings, Inc. (South Korea),
5.13%, 05/07/2030(b)
|
|
1,381,000
|
1,382,485
|
|
|
|
|
2,605,121
|
|
Systems Software-0.21%
|
|||
|
CrowdStrike Holdings, Inc., 3.00%,
02/15/2029(c)
|
|
766,000
|
728,337
|
|
Oak-Eagle AcquireCo, Inc., 7.25%,
07/01/2033(b)
|
|
539,000
|
558,923
|
|
Oracle Corp.
|
|
|
|
|
4.55% 02/04/2029
|
|
581,000
|
566,550
|
|
4.79% (SOFR + 1.11%),
02/04/2029(d)
|
|
426,000
|
422,402
|
|
4.45% 09/26/2030(c)
|
|
137,900
|
130,204
|
|
4.95% 02/04/2031(c)
|
|
703,000
|
671,678
|
|
6.25% 11/09/2032
|
|
1,000
|
993
|
|
5.35% 05/04/2033(c)
|
|
205,000
|
192,749
|
|
4.70% 09/27/2034
|
|
1,000
|
878
|
|
5.20% 09/26/2035
|
|
9,000
|
8,081
|
|
5.70% 02/04/2036
|
|
29,000
|
26,867
|
|
5.88% 09/26/2045
|
|
5,000
|
4,106
|
|
6.00% 08/03/2055
|
|
1,000
|
803
|
|
5.95% 09/26/2055
|
|
2,000
|
1,590
|
|
6.70% 02/04/2056
|
|
34,000
|
30,011
|
|
6.13% 08/03/2065
|
|
1,000
|
791
|
|
6.85% 02/04/2066
|
|
28,400
|
25,013
|
|
ServiceNow, Inc.
|
|
|
|
|
4.25% 05/15/2028
|
|
1,051,000
|
1,045,703
|
|
5.05% 05/15/2033(c)
|
|
473,000
|
466,582
|
|
5.40% 05/15/2036
|
|
319,000
|
311,701
|
|
|
|
|
5,193,962
|
|
Technology Hardware, Storage & Peripherals-0.00%
|
|||
|
Hewlett Packard Enterprise Co.
|
|
|
|
|
5.00% 10/15/2034
|
|
3,000
|
2,875
|
|
5.60% 10/15/2054
|
|
2,000
|
1,742
|
|
|
|
|
4,617
|
|
Telecom Tower REITs-0.04%
|
|||
|
SBA Communications Corp., 3.88%,
02/15/2027
|
|
940,000
|
934,490
|
|
Tobacco-0.03%
|
|||
|
B.A.T. Capital Corp. (United Kingdom)
|
|
|
|
|
5.83% 02/20/2031
|
|
4,000
|
4,127
|
|
4.63% 03/22/2033
|
|
39,000
|
37,612
|
|
7.08% 08/02/2043
|
|
1,000
|
1,078
|
|
|
Principal
Amount
|
Value
|
|
|
Tobacco-(continued)
|
|||
|
Philip Morris International, Inc.
|
|
|
|
|
4.75% 02/12/2027
|
$
|
4,000
|
$4,011
|
|
4.38% 11/01/2027
|
|
17,000
|
16,977
|
|
4.88% 02/15/2028
|
|
2,000
|
2,009
|
|
4.13% 04/28/2028
|
|
4,000
|
3,972
|
|
5.25% 09/07/2028
|
|
3,000
|
3,036
|
|
3.88% 10/27/2028
|
|
156,000
|
153,614
|
|
4.88% 02/13/2029
|
|
4,000
|
4,019
|
|
4.63% 11/01/2029
|
|
19,000
|
18,947
|
|
4.38% 04/30/2030
|
|
28,000
|
27,518
|
|
4.00% 10/29/2030
|
|
105,000
|
101,465
|
|
5.13% 02/13/2031
|
|
2,000
|
2,017
|
|
4.75% 11/01/2031
|
|
8,000
|
7,943
|
|
5.75% 11/17/2032
|
|
1,000
|
1,035
|
|
5.25% 02/13/2034
|
|
1,000
|
1,002
|
|
4.90% 11/01/2034
|
|
8,000
|
7,816
|
|
4.88% 04/30/2035
|
|
2,000
|
1,932
|
|
4.63% 10/29/2035
|
|
10,000
|
9,448
|
|
4.88% 04/29/2036(c)
|
|
348,000
|
333,412
|
|
|
|
|
742,990
|
|
Trading Companies & Distributors-0.16%
|
|||
|
Ferguson Enterprises, Inc., 4.35%,
03/15/2031
|
|
120,000
|
116,910
|
|
Mitsubishi Corp. (Japan)
|
|
|
|
|
5.00% 07/02/2029(b)
|
|
548,000
|
551,916
|
|
5.13% 07/17/2034(b)
|
|
245,000
|
242,968
|
|
Sumisho Air Lease Corp.
|
|
|
|
|
4.40% 03/24/2028(b)
|
|
1,287,000
|
1,278,994
|
|
4.50% 03/24/2029(b)(c)
|
|
991,000
|
979,360
|
|
Series B, 8.26% (e)(f)
|
|
619,000
|
623,485
|
|
|
|
|
3,793,633
|
|
Transaction & Payment Processing Services-0.00%
|
|||
|
Mastercard, Inc., 4.85%,
03/09/2033
|
|
1,000
|
993
|
|
Water Utilities-0.00%
|
|||
|
American Water Capital Corp., 5.70%,
09/01/2055
|
|
2,000
|
1,893
|
|
Wireless Telecommunication Services-0.26%
|
|||
|
APLD ComputeCo 3 LLC, 7.00%,
06/15/2031(b)(c)
|
|
800,000
|
781,220
|
|
Beacon Point DC LLC, 6.13%,
11/30/2042(b)
|
|
1,349,000
|
1,295,229
|
|
Meridian Arc Holdco LLC, 6.25%,
04/30/2031(b)
|
|
2,976,000
|
2,862,325
|
|
PR RNO Property Owner 1 LLC,
6.50%, 05/01/2031(b)
|
|
1,549,000
|
1,460,473
|
|
T-Mobile USA, Inc.
|
|
|
|
|
4.95% 11/15/2035
|
|
17,000
|
16,118
|
|
6.00% 06/15/2054
|
|
1,000
|
926
|
|
5.88% 11/15/2055
|
|
1,000
|
908
|
|
5.70% 01/15/2056
|
|
9,000
|
7,947
|
|
|
|
|
6,425,146
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $858,550,793)
|
849,064,388
|
||
|
|
Principal
Amount
|
Value
|
|
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-27.84%
|
|||
|
Collateralized Mortgage Obligations-3.60%
|
|||
|
Freddie Mac Military Housing Bonds
Resecuritization Trust Ctfs.,
Series 2015-R1, Class B1, 5.25%,
11/25/2055(b)(j)
|
$
|
859,903
|
$735,512
|
|
Freddie Mac Multifamily Structured
Pass Through Ctfs.
|
|
|
|
|
Series K558, Class A2, 4.13%,
03/25/2031(j)
|
|
24,750,000
|
24,185,628
|
|
Series K562, Class A2, 3.97%,
04/25/2031(j)
|
|
13,900,000
|
13,468,822
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
Series 2017-K066, Class AM,
3.20%, 06/25/2027
|
|
250,000
|
247,142
|
|
Series 2017-KGX1, Class AFX,
3.00%, 10/25/2027
|
|
1,000,000
|
981,383
|
|
Series 2018-K074, Class AM,
3.60%, 02/25/2028
|
|
1,000,000
|
986,197
|
|
Series 2018-K154, Class A3,
3.46%, 11/25/2032(j)
|
|
1,000,000
|
930,257
|
|
Series K156, Class A2, 4.43%,
02/25/2033(j)
|
|
6,000,000
|
5,869,055
|
|
Series K-161, Class A2, 4.90%,
10/25/2033(j)
|
|
10,000,000
|
10,014,518
|
|
Series K-162, Class A2, 5.15%,
12/25/2033(j)
|
|
15,000,000
|
15,242,955
|
|
Series K-164, Class A2, 5.00%,
05/25/2034
|
|
10,000,000
|
10,063,736
|
|
Series K512, Class A2, 5.00%,
11/25/2028
|
|
4,259,922
|
4,289,658
|
|
Freddie Mac STRIPS, 0.00%,
09/15/2030(i)
|
|
350,000
|
290,624
|
|
Seasoned Credit Risk Transfer Trust
|
|
|
|
|
Series 2017-3, Class HT, 3.25%,
07/25/2056
|
|
225,348
|
199,904
|
|
Series 2017-4, Class HT, 3.25%,
06/25/2057
|
|
326,594
|
293,719
|
|
|
|
|
87,799,110
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-1.87%
|
|||
|
0.00%, 12/14/2029(i)
|
|
150,000
|
129,589
|
|
3.55%, 10/01/2033
|
|
440,787
|
409,911
|
|
3.00%, 10/01/2034
|
|
136,793
|
130,166
|
|
4.50%, 04/01/2035 to 04/01/2035
|
|
25,562,141
|
24,859,523
|
|
4.00%, 11/01/2048 to 07/01/2049
|
|
202,014
|
187,343
|
|
3.50%, 08/01/2049
|
|
1,291,214
|
1,163,637
|
|
6.00%, 06/01/2053 to 08/01/2054
|
|
13,280,722
|
13,586,110
|
|
5.50%, 07/01/2053
|
|
5,267,752
|
5,270,710
|
|
|
|
|
45,736,989
|
|
Federal National Mortgage Association (FNMA)-1.92%
|
|||
|
2.82%, 10/01/2029
|
|
456,345
|
433,740
|
|
2.90%, 11/01/2029
|
|
466,330
|
442,421
|
|
3.93%, 12/01/2030
|
|
10,000,000
|
9,705,835
|
|
4.36%, 04/01/2031
|
|
14,500,000
|
14,279,506
|
|
3.08%, 10/01/2032
|
|
727,466
|
666,023
|
|
3.31%, 01/01/2033
|
|
939,081
|
867,159
|
|
2.50%, 10/01/2034 to 12/01/2034
|
|
1,422,781
|
1,332,504
|
|
4.69%, 04/01/2035
|
|
4,500,000
|
4,423,017
|
|
4.68%, 09/01/2035
|
|
6,140,000
|
6,015,670
|
|
|
Principal
Amount
|
Value
|
|
|
Federal National Mortgage Association (FNMA)-(continued)
|
|||
|
3.50%, 05/01/2047 to 06/01/2047
|
$
|
1,264,611
|
$1,148,404
|
|
4.00%, 11/01/2047
|
|
57,528
|
53,702
|
|
3.00%, 09/01/2049 to 10/01/2049
|
|
2,316,346
|
2,024,862
|
|
5.50%, 09/01/2053
|
|
5,399,847
|
5,402,880
|
|
|
|
|
46,795,723
|
|
Government National Mortgage Association (GNMA)-8.50%
|
|||
|
4.00%, 07/20/2049
|
|
32,248
|
29,773
|
|
TBA, 2.00%, 08/01/2056(k)
|
|
64,306,634
|
51,505,595
|
|
TBA, 2.50%, 08/01/2056(k)
|
|
107,512,321
|
89,754,808
|
|
TBA, 3.00%, 08/01/2056(k)
|
|
27,670,000
|
23,996,151
|
|
TBA, 4.50%, 08/01/2056(k)
|
|
3,906,070
|
3,661,781
|
|
TBA, 5.00%, 08/01/2056(k)
|
|
14,603,000
|
14,131,418
|
|
TBA, 5.50%, 08/01/2056(k)
|
|
13,902,317
|
13,812,521
|
|
TBA, 6.00%, 08/01/2056(k)
|
|
10,552,000
|
10,725,743
|
|
|
|
|
207,617,790
|
|
Uniform Mortgage-Backed Securities-11.95%
|
|||
|
TBA, 1.50%, 08/01/2041(k)
|
|
9,520,000
|
8,403,827
|
|
TBA, 2.00%, 08/01/2041 to
08/01/2056(k)
|
|
29,310,914
|
23,638,117
|
|
TBA, 4.50%, 08/01/2041 to
08/01/2056(k)
|
|
26,572,014
|
25,338,422
|
|
TBA, 5.00%, 08/01/2041 to
08/01/2056(k)
|
|
42,842,860
|
41,652,535
|
|
TBA, 2.50%, 08/01/2056(k)
|
|
13,634,860
|
11,118,652
|
|
TBA, 3.00%, 08/01/2056(k)
|
|
53,512,549
|
45,629,884
|
|
TBA, 3.50%, 08/01/2056(k)
|
|
39,160,382
|
34,744,131
|
|
TBA, 4.00%, 08/01/2056(k)
|
|
33,081,694
|
30,204,621
|
|
TBA, 5.50%, 08/01/2056(k)
|
|
36,797,376
|
36,420,626
|
|
TBA, 6.00%, 08/01/2056(k)
|
|
18,296,340
|
18,500,673
|
|
TBA, 6.50%, 08/01/2056(k)
|
|
15,700,000
|
16,187,554
|
|
|
|
|
291,839,042
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $690,627,622)
|
679,788,654
|
||
|
|
|||
|
Asset-Backed Securities-24.16%
|
|||
|
AGL CLO 17 Ltd. (Cayman Islands),
Series 2022-17A, Class AR, 4.68%
(3 mo. Term SOFR + 0.95%),
01/21/2035(b)(d)
|
|
4,125,000
|
4,127,347
|
|
ALA Trust, Series 2025-OANA,
Class B, 5.52% (1 mo. Term SOFR
+ 1.84%), 06/15/2040(b)(d)
|
|
4,039,000
|
4,060,229
|
|
AMSR Trust, Series 2021-SFR3,
Class B, 1.73%, 10/17/2038(b)
|
|
4,460,000
|
4,427,080
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.16%,
12/25/2059(b)(j)
|
|
21,195
|
20,836
|
|
Series 2020-3, Class A1, 1.69%,
04/25/2065(b)(j)
|
|
110,713
|
106,131
|
|
Series 2020-5, Class A1, 1.37%,
05/25/2065(b)(j)
|
|
89,797
|
87,202
|
|
Series 2021-3, Class A1, 1.07%,
05/25/2066(b)(j)
|
|
759,398
|
655,325
|
|
Series 2022-1, Class A1, 3.88%,
12/25/2066(b)
|
|
1,905,633
|
1,763,369
|
|
Series 2023-6, Class A1, 6.50%,
12/25/2067(b)
|
|
503,398
|
502,975
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2024-10, Class A1, 5.35%,
10/25/2069(b)
|
$
|
2,151,920
|
$2,146,385
|
|
Series 2024-2, Class A1, 5.99%,
01/25/2069(b)
|
|
2,276,847
|
2,279,811
|
|
Series 2024-8, Class A1, 5.34%,
05/27/2069(b)
|
|
5,859,446
|
5,845,424
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(b)
|
|
792,666
|
793,413
|
|
Series 2025-HB1, Class A1, 5.42%
(30 Day Average SOFR + 1.80%),
02/25/2055(b)(d)
|
|
554,612
|
558,395
|
|
Auxilior Term Funding, Series 2026-
1A, Class A3, 4.99%,
08/15/2036(b)
|
|
1,098,000
|
1,098,928
|
|
Avis Budget Rental Car Funding
(AESOP) LLC
|
|
|
|
|
Series 2023-1A, Class A, 5.25%,
04/20/2029(b)
|
|
718,000
|
723,958
|
|
Series 2023-4A, Class A, 5.49%,
06/20/2029(b)
|
|
2,738,000
|
2,769,144
|
|
Series 2025-3A, Class A, 4.17%,
02/20/2030(b)
|
|
2,024,000
|
1,992,811
|
|
Series 2025-3A, Class B, 4.46%,
02/20/2030(b)
|
|
1,054,000
|
1,035,679
|
|
Series 2025-3A, Class C, 4.95%,
02/20/2030(b)
|
|
433,700
|
427,756
|
|
Series 2025-4A, Class A, 4.40%,
02/20/2032(b)
|
|
4,525,000
|
4,411,674
|
|
Series 2025-4A, Class B, 4.77%,
02/20/2032(b)
|
|
1,972,000
|
1,915,819
|
|
Series 2025-4A, Class C, 5.26%,
02/20/2032(b)
|
|
862,000
|
844,751
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands)
|
|
|
|
|
Series 2019-1A, Class AR3, 4.71%
(3 mo. Term SOFR + 0.98%),
04/19/2034(b)(d)
|
|
16,965,036
|
16,973,264
|
|
Series 2021-1A, Class AR, 4.67%
(3 mo. Term SOFR + 0.94%),
04/18/2034(b)(d)
|
|
2,167,557
|
2,168,194
|
|
Bank5, Series 2024-5YR10, Class A,
5.64%, 10/15/2057
|
|
1,020,000
|
1,026,153
|
|
Bayview MSR Opportunity Master
Fund Trust
|
|
|
|
|
Series 2021-4, Class A3, 3.00%,
10/25/2051(b)(j)
|
|
1,416,737
|
1,190,257
|
|
Series 2021-4, Class A4, 2.50%,
10/25/2051(b)(j)
|
|
1,416,737
|
1,140,809
|
|
Series 2021-4, Class A8, 2.50%,
10/25/2051(b)(j)
|
|
1,201,984
|
1,062,310
|
|
Series 2021-5, Class A1, 3.00%,
11/25/2051(b)(j)
|
|
1,527,108
|
1,285,880
|
|
Series 2021-5, Class A2, 2.50%,
11/25/2051(b)(j)
|
|
1,863,416
|
1,506,305
|
|
Bear Stearns Asset Backed Securities I
Trust, Series 2006-HE9, Class 2A,
4.12% (1 mo. Term SOFR +
0.39%), 11/25/2036(d)
|
|
38,105
|
37,788
|
|
Benchmark Mortgage Trust,
Series 2026-V20, Class AM, 5.44%,
02/15/2059
|
|
2,030,000
|
2,028,935
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Benefit Street Partners CLO XXV Ltd.
(Cayman Islands), Series 2021-25A,
Class A1R, 4.75% (3 mo. Term
SOFR + 1.00%), 01/15/2035(b)(d)
|
$
|
5,715,000
|
$5,717,766
|
|
BINOM Mortgage Loan Trust,
Series 2026-NQM1, Class A1,
5.06%, 02/25/2066(b)(j)
|
|
2,838,718
|
2,807,403
|
|
Bowling Green Park CLO LLC,
Series 2019-1A, Class ARR, 4.73%
(3 mo. Term SOFR + 1.00%),
04/18/2035(b)(d)
|
|
7,416,000
|
7,419,819
|
|
BRAVO Residential Funding Trust
|
|
|
|
|
Series 2021-NQM2, Class A1,
0.97%, 03/25/2060(b)(j)
|
|
23,074
|
22,920
|
|
Series 2021-NQM2, Class A2,
1.28%, 03/25/2060(b)(j)
|
|
75,773
|
75,273
|
|
Buckhorn Park CLO Ltd. (Cayman
Islands), Series 2019-1A,
Class ARR, 4.80% (3 mo. Term
SOFR + 1.07%), 07/18/2034(b)(d)
|
|
3,826,000
|
3,826,673
|
|
BX Commercial Mortgage Trust
|
|
|
|
|
Series 2024-VLT5, Class A, 5.41%,
11/13/2046(b)(j)
|
|
3,115,000
|
3,017,388
|
|
Series 2024-VLT5, Class B, 5.80%,
11/13/2046(b)(j)
|
|
1,995,000
|
1,949,645
|
|
Series 2026-CSMO, Class A, 5.08%
(1 mo. Term SOFR + 1.40%),
02/15/2043(b)(d)
|
|
12,680,000
|
12,732,536
|
|
BX Trust
|
|
|
|
|
Series 2025-VLT6, Class B, 5.57%
(1 mo. Term SOFR + 1.89%),
03/15/2042(b)(d)
|
|
4,375,000
|
4,365,676
|
|
Series 2026-OPTM, Class A, 4.88%
(1 mo. Term SOFR + 1.20%),
03/15/2039(b)(d)
|
|
4,285,000
|
4,277,221
|
|
Carlyle Global Market Strategies CLO
Ltd. (Cayman Islands), Series 2016-
1A, Class A1R3, 4.82% (3 mo.
Term SOFR + 1.09%),
04/20/2034(b)(d)
|
|
2,257,062
|
2,260,569
|
|
Carlyle US CLO Ltd. (Cayman Islands),
Series 2022-1A, Class A1R, 4.73%
(3 mo. Term SOFR + 0.98%),
04/15/2035(b)(d)
|
|
3,304,380
|
3,307,265
|
|
CarMax Auto Owner Trust,
Series 2024-1, Class A3, 4.92%,
10/16/2028
|
|
1,934,455
|
1,940,703
|
|
Carvana Auto Receivables Trust,
Series 2026-P1, Class A3, 4.26%,
02/10/2031
|
|
10,050,000
|
9,990,749
|
|
Cedar Funding VI CLO Ltd. (Cayman
Islands), Series 2016-6A,
Class AR3, 4.82% (3 mo. Term
SOFR + 1.09%), 04/20/2034(b)(d)
|
|
7,011,000
|
7,020,297
|
|
Cedar Funding XI CLO Ltd. (Cayman
Islands), Series 2019-11A,
Class A1R2, 4.73% (3 mo. Term
SOFR + 1.06%), 05/29/2032(b)(d)
|
|
3,602,597
|
3,607,860
|
|
Cerberus Loan Funding XL LLC,
Series 2023-1A, Class AR, 5.35%
(3 mo. Term SOFR + 1.60%),
03/22/2035(b)(d)
|
|
3,351,000
|
3,353,483
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Chase Home Lending Mortgage Trust,
Series 2019-ATR2, Class A3,
3.50%, 07/25/2049(b)(j)
|
$
|
60,476
|
$53,913
|
|
CIFC Funding Ltd. (Cayman Islands)
|
|
|
|
|
Series 2022-2A, Class A1R, 4.70%
(3 mo. Term SOFR + 0.97%),
04/19/2035(b)(d)
|
|
2,000,000
|
1,999,632
|
|
Series 2022-3A, Class AR, 4.68%
(3 mo. Term SOFR + 0.95%),
04/21/2035(b)(d)
|
|
3,736,000
|
3,738,167
|
|
Citigroup Mortgage Loan Trust
|
|
|
|
|
Series 2021-INV3, Class A3,
2.50%, 05/25/2051(b)(j)
|
|
1,438,272
|
1,160,877
|
|
Series 2024-1, Class A3A, 6.00%,
07/25/2054(b)(j)
|
|
1,511,995
|
1,511,636
|
|
CLI Funding IX LLC, Series 2025-1A,
Class A, 5.35%, 06/20/2050(b)
|
|
1,926,929
|
1,931,414
|
|
Clover CLO LLC, Series 2021-3A,
Class AR, 4.88% (3 mo. Term SOFR
+ 1.07%), 01/25/2035(b)(d)
|
|
6,000,000
|
6,005,544
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
Series 2022-1, Class A1, 2.28%,
12/27/2066(b)(j)
|
|
976,277
|
911,591
|
|
Series 2022-2, Class A1, 3.99%,
02/25/2067(b)
|
|
1,120,476
|
1,056,198
|
|
Series 2025-8, Class A1, 5.48%,
08/25/2070(b)
|
|
2,068,603
|
2,071,259
|
|
Credit Suisse Mortgage Capital Trust
|
|
|
|
|
Series 2021-NQM1, Class A1,
0.81%, 05/25/2065(b)(j)
|
|
262,448
|
233,219
|
|
Series 2021-NQM2, Class A1,
1.18%, 02/25/2066(b)(j)
|
|
172,233
|
153,485
|
|
Series 2022-ATH1, Class A1A,
3.87%, 01/25/2067(b)(j)
|
|
1,155,260
|
1,123,079
|
|
Series 2022-ATH1, Class A1B,
4.35%, 01/25/2067(b)(j)
|
|
1,160,000
|
1,066,265
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2024-H8, Class A1, 5.55%,
12/25/2069(b)(j)
|
|
5,488,091
|
5,505,050
|
|
Series 2026-NQM3, Class A1,
5.13%, 03/25/2071(b)(j)
|
|
2,632,209
|
2,605,633
|
|
Series 2026-NQM4, Class A1,
5.49%, 04/25/2071(b)(j)
|
|
2,128,738
|
2,121,322
|
|
Series 2026-NQM7, Class A1,
5.46%, 06/25/2071(b)(j)
|
|
3,934,473
|
3,925,063
|
|
CROSS Mortgage Trust, Series 2026-
NQM9, Class A1, 5.73%,
08/25/2071(b)(j)
|
|
3,150,000
|
3,157,436
|
|
CSAIL Commercial Mortgage Trust,
Series 2020-C19, Class A3, 2.56%,
03/15/2053
|
|
1,459,000
|
1,320,345
|
|
DB Master Finance LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.89%,
08/20/2055(b)
|
|
1,502,450
|
1,480,596
|
|
Series 2025-1A, Class A2II, 5.17%,
08/20/2055(b)
|
|
1,154,200
|
1,132,984
|
|
DLLST LLC, Series 2024-1A,
Class A3, 5.05%, 08/20/2027(b)
|
|
479,860
|
480,624
|
|
Domino’s Pizza Master Issuer LLC
|
|
|
|
|
Series 2019-1A, Class A2, 3.67%,
10/25/2049(b)
|
|
1,920,000
|
1,837,561
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-1A, Class A2I, 4.93%,
07/25/2055(b)
|
$
|
3,290,000
|
$3,245,427
|
|
Series 2025-1A, Class A2II, 5.22%,
07/25/2055(b)
|
|
2,830,000
|
2,790,383
|
|
Dryden 98 CLO Ltd. (Cayman Islands),
Series 2022-98A, Class AR, 4.75%
(3 mo. Term SOFR + 1.02%),
04/20/2035(b)(d)
|
|
990,000
|
990,700
|
|
Eclipse Aircraft LLC, Series 2026-1,
Class A, 5.63%, 05/15/2051(b)
|
|
6,810,060
|
6,777,225
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2019-2, Class A1, 2.74%,
11/25/2059(b)(j)
|
|
48,828
|
47,651
|
|
Series 2021-1, Class A1, 0.80%,
02/25/2066(b)(j)
|
|
192,295
|
165,179
|
|
Series 2022-1, Class A1, 2.21%,
01/25/2067(b)(j)
|
|
1,030,617
|
903,423
|
|
Series 2024-INV2, Class A1,
5.04%, 10/25/2069(b)
|
|
1,391,624
|
1,385,668
|
|
Series 2025-NQM2, Class A1,
5.60%, 06/25/2070(b)(j)
|
|
6,730,424
|
6,736,918
|
|
Series 2026-NQM3, Class A1,
5.03%, 03/25/2071(b)(j)
|
|
10,131,702
|
10,038,675
|
|
Elmwood CLO 15 Ltd., Series 2022-
2A, Class A1R, 4.88% (3 mo. Term
SOFR + 1.15%), 04/22/2035(b)(d)
|
|
2,280,000
|
2,282,453
|
|
Enterprise Fleet Financing LLC
|
|
|
|
|
Series 2024-2, Class A3, 5.61%,
04/20/2028(b)
|
|
381,625
|
384,338
|
|
Series 2024-2, Class A4, 5.69%,
12/20/2030(b)
|
|
515,000
|
523,524
|
|
Flagstar Mortgage Trust, Series 2021-
11IN, Class A6, 3.70%,
11/25/2051(b)(j)
|
|
2,073,607
|
1,832,778
|
|
Fort Greene Park CLO LLC,
Series 2025-2A, Class AR, 4.68%
(3 mo. Term SOFR + 0.95%),
04/22/2034(b)(d)
|
|
8,059,952
|
8,063,700
|
|
GCAT Trust
|
|
|
|
|
Series 2019-NQM3, Class A1,
3.69%, 11/25/2059(b)(j)
|
|
84,223
|
82,679
|
|
Series 2024-INV1, Class 2A2,
6.50%, 01/25/2054(b)(j)
|
|
3,966,273
|
4,053,377
|
|
Series 2025-NQM2, Class A1,
5.60%, 04/25/2070(b)
|
|
2,439,118
|
2,437,561
|
|
Series 2025-NQM4, Class A1A,
5.53%, 06/25/2070(b)
|
|
3,101,162
|
3,096,986
|
|
Series 2026-NQM1, Class A1,
4.79%, 12/25/2070(b)(j)
|
|
4,027,693
|
3,974,488
|
|
GGP Trust, Series 2026-TY, Class A,
4.67%, 03/05/2043(b)(j)
|
|
3,005,000
|
2,941,668
|
|
GoldenTree Loan Management US
CLO 8 Ltd. (Cayman Islands),
Series 2020-8A, Class ARR, 4.88%
(3 mo. Term SOFR + 1.15%),
10/20/2034(b)(d)
|
|
5,223,000
|
5,228,667
|
|
Golub Capital Partners CLO 53(B) Ltd.
(Cayman Islands), Series 2021-53A,
Class AR, 4.71% (3 mo. Term SOFR
+ 0.98%), 07/20/2034(b)(d)
|
|
5,796,000
|
5,802,393
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Gordon Brothers Equipment
Finance LLC, Series 2026-1A,
Class A2, 5.15%, 06/20/2034(b)
|
$
|
2,620,000
|
$2,624,297
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2021-INV1, Class A6,
2.50%, 12/25/2051(b)(j)
|
|
3,015,107
|
2,658,947
|
|
Series 2025-HE1, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(d)
|
|
1,412,105
|
1,418,352
|
|
Series 2026-NQM3, Class A1,
5.22%, 05/25/2066(b)(j)
|
|
6,570,391
|
6,507,218
|
|
Hertz Vehicle Financing III L.P.
|
|
|
|
|
Series 2021-2A, Class A, 1.68%,
12/27/2027(b)
|
|
2,694,000
|
2,677,710
|
|
Series 2021-2A, Class B, 2.12%,
12/27/2027(b)
|
|
286,000
|
284,255
|
|
Hilton Grand Vacations Trust,
Series 2025-1A, Class A, 4.88%,
05/27/2042(b)
|
|
952,490
|
950,057
|
|
Hudson Yards Mortgage Trust,
Series 2026-10HY, Class B, 5.33%,
12/10/2039(b)(j)
|
|
4,185,000
|
4,149,541
|
|
Invitation Homes Trust, Series 2024-
SFR1, Class A, 4.00%,
09/17/2041(b)
|
|
4,176,554
|
4,050,395
|
|
IP Mortgage Trust, Series 2025-IP,
Class A, 5.25%, 06/10/2042(b)(j)
|
|
5,716,000
|
5,715,144
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-8, Class A3, 5.50%,
01/25/2055(b)(j)
|
|
3,291,208
|
3,236,277
|
|
Series 2024-VIS1, Class A1, 5.99%,
07/25/2064(b)(j)
|
|
1,538,521
|
1,540,977
|
|
Series 2025-NQM3, Class A1,
5.50%, 11/25/2065(b)(j)
|
|
3,091,216
|
3,087,459
|
|
Series 2026-5, Class A4, 5.50%,
12/25/2056(b)(j)
|
|
3,012,651
|
2,999,534
|
|
Jimmy John’s Funding LLC,
Series 2026-1A, Class A2, 5.69%,
04/30/2056(b)
|
|
7,150,000
|
7,115,192
|
|
JP Morgan Mortgage Trust,
Series 2021-LTV2, Class A1,
2.52%, 05/25/2052(b)(j)
|
|
1,817,714
|
1,526,064
|
|
Juniper Valley Park CLO Ltd. (Jersey),
Series 2023-1A, Class ARR, 4.81%
(3 mo. Term SOFR + 1.08%),
07/20/2036(b)(d)
|
|
4,090,000
|
4,091,112
|
|
KKR CLO 15 Ltd. (Cayman Islands),
Series 15, Class A1R2, 4.83% (3
mo. Term SOFR + 1.10%),
01/18/2032(b)(d)
|
|
831,431
|
831,738
|
|
Life Mortgage Trust, Series 2021-
BMR, Class C, 4.89% (1 mo. Term
SOFR + 1.21%), 03/15/2038(b)(d)
|
|
53,400
|
52,233
|
|
Lightpath Fiber Issuer LLC
|
|
|
|
|
Series 2026-1A, Class A2, 5.60%,
03/25/2056(b)
|
|
3,900,000
|
3,871,708
|
|
Series 2026-1A, Class B, 5.89%,
03/25/2056(b)
|
|
3,021,970
|
2,965,032
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Mello Mortgage Capital Acceptance
Trust
|
|
|
|
|
Series 2021-INV2, Class A4,
2.50%, 08/25/2051(b)(j)
|
$
|
774,743
|
$683,737
|
|
Series 2021-INV3, Class A4,
2.50%, 10/25/2051(b)(j)
|
|
831,789
|
729,317
|
|
Merchants Fleet Funding LLC,
Series 2025-1A, Class A, 4.49%,
01/20/2039(b)
|
|
1,460,000
|
1,458,796
|
|
Metronet Infrastructure Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2, 6.01%,
07/20/2055(h)
|
|
2,750,000
|
2,764,857
|
|
Series 2025-4A, Class A2, 5.16%,
12/20/2055(b)
|
|
1,190,000
|
1,173,044
|
|
MFA Trust
|
|
|
|
|
Series 2021-INV2, Class A1,
1.91%, 11/25/2056(b)(j)
|
|
2,571,439
|
2,314,128
|
|
Series 2026-INVR1, Class A1,
5.39%, 12/25/2059(b)(j)
|
|
1,086,026
|
1,079,241
|
|
MILE Trust
|
|
|
|
|
Series 2025-STNE, Class A, 5.18%
(1 mo. Term SOFR + 1.50%),
07/15/2042(b)(d)
|
|
4,695,000
|
4,722,654
|
|
Series 2025-STNE, Class B, 5.38%
(1 mo. Term SOFR + 1.70%),
07/15/2042(b)(d)
|
|
1,425,000
|
1,436,114
|
|
Series 2025-STNE, Class C, 5.78%
(1 mo. Term SOFR + 2.10%),
07/15/2042(b)(d)
|
|
1,200,000
|
1,205,515
|
|
Morgan Stanley Capital I Trust,
Series 2019-L3, Class AS, 3.49%,
11/15/2052
|
|
1,580,000
|
1,482,327
|
|
Morgan Stanley Residential Mortgage
Loan Trust
|
|
|
|
|
Series 2025-NQM1, Class A1,
5.74%, 11/25/2069(b)(j)
|
|
6,527,428
|
6,539,617
|
|
Series 2026-NQM3, Class A1,
5.21%, 03/25/2071(b)(j)
|
|
3,053,348
|
3,034,090
|
|
Navient Refinance Loan Trust,
Series 2025-A, Class A, 5.15%,
02/16/2055(b)
|
|
5,057,749
|
5,050,414
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2019-NQM4, Class A1,
2.49%, 09/25/2059(b)(j)
|
|
71,269
|
68,684
|
|
Series 2020-NQM1, Class A1,
2.46%, 01/26/2060(b)(j)
|
|
318,929
|
298,582
|
|
Series 2022-NQM2, Class A1,
3.85%, 03/27/2062(b)(j)
|
|
1,114,248
|
1,040,999
|
|
Series 2024-NQM3, Class A1,
5.47%, 11/25/2064(b)
|
|
731,865
|
730,637
|
|
Series 2025-NQM2, Class A1,
5.57%, 04/25/2065(b)
|
|
7,139,203
|
7,122,103
|
|
Series 2026-NQM5, Class A1,
5.18%, 04/25/2066(b)(j)
|
|
7,295,641
|
7,233,201
|
|
Series 2026-NQM8, Class A1,
5.56%, 08/25/2066(b)(j)
|
|
2,635,000
|
2,635,568
|
|
NextGear Floorplan Master Owner
Trust, Series 2025-2A, Class A2,
4.23%, 10/15/2030(b)
|
|
1,310,000
|
1,296,032
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Oaktree CLO Ltd. (Cayman Islands),
Series 2021-2A, Class AR, 4.72%
(3 mo. Term SOFR + 0.97%),
01/15/2035(b)(d)
|
$
|
6,445,000
|
$6,449,144
|
|
OBX Trust
|
|
|
|
|
Series 2021-NQM4, Class A1,
1.96%, 10/25/2061(b)(j)
|
|
1,421,530
|
1,202,540
|
|
Series 2022-NQM1, Class A1,
2.31%, 11/25/2061(b)(j)
|
|
1,240,378
|
1,107,283
|
|
Series 2022-NQM2, Class A1B,
4.38%, 01/25/2062(b)
|
|
1,415,000
|
1,295,860
|
|
Series 2024-NQM14, Class A1,
4.94%, 09/25/2064(b)
|
|
1,196,949
|
1,192,691
|
|
Series 2024-NQM18, Class A1,
5.41%, 10/25/2064(b)(j)
|
|
817,372
|
817,608
|
|
Series 2026-HE2, Class A1A,
4.97% (30 Day Average SOFR +
1.35%), 06/25/2056(b)(d)
|
|
3,820,148
|
3,830,429
|
|
OWL Rock CLO XXV LLC,
Series 2026-25A, Class A, 5.13%
(3 mo. Term SOFR + 1.40%),
07/22/2036(b)(d)
|
|
5,138,000
|
5,140,024
|
|
Palmer Square Loan Funding Ltd.
(Cayman Islands), Series 2025-2A,
Class A1, 4.69% (3 mo. Term SOFR
+ 0.94%), 07/15/2033(b)(d)
|
|
3,989,838
|
3,989,762
|
|
Pikes Peak CLO 6 (Cayman Islands),
Series 2020-6A, Class ARR, 4.59%
(3 mo. Term SOFR + 0.94%),
05/18/2034(b)(d)
|
|
4,742,000
|
4,741,289
|
|
Planet Fitness Master Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 5.27%,
12/06/2055(b)
|
|
4,089,750
|
4,018,267
|
|
Series 2025-1A, Class A2II, 5.65%,
12/06/2055(b)
|
|
3,291,750
|
3,219,013
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%, 01/25/2060(b)(j)
|
|
1,133,970
|
1,134,824
|
|
Provident Funding Mortgage Trust,
Series 2025-4, Class A1, 6.00%,
09/25/2055(b)(j)
|
|
3,720,440
|
3,724,394
|
|
Qdoba Funding LLC, Series 2026-1A,
Class A2, 6.70%, 06/14/2056(b)
|
|
14,070,000
|
14,071,852
|
|
Rate Mortgage Trust
|
|
|
|
|
Series 2024-J4, Class A1, 6.00%,
12/25/2054(b)(j)
|
|
1,580,129
|
1,579,725
|
|
Series 2025-J1, Class A4, 6.00%,
03/25/2055(b)(j)
|
|
1,233,193
|
1,229,698
|
|
Series 2025-J2, Class A5, 5.50%,
07/25/2055(b)(j)
|
|
3,807,282
|
3,792,306
|
|
RCKT Mortgage Trust, Series 2025-
CES6, Class A1A, 5.47%,
06/25/2055(b)
|
|
2,191,790
|
2,190,989
|
|
RR 20 Ltd. (Cayman Islands),
Series 2022-20A, Class A1R,
4.74% (3 mo. Term SOFR +
0.99%), 07/15/2037(b)(d)
|
|
11,400,000
|
11,397,412
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
SCG Mortgage Trust
|
|
|
|
|
Series 2026-PALM, Class B, 5.13%
(1 mo. Term SOFR + 1.50%),
07/15/2043(b)(d)
|
$
|
930,000
|
$932,348
|
|
Series 2026-PALM, Class C, 5.33%
(1 mo. Term SOFR + 1.70%),
07/09/2043(b)(d)
|
|
510,000
|
511,548
|
|
SG Residential Mortgage Trust,
Series 2022-1, Class A1, 3.95%,
03/27/2062(b)(j)
|
|
2,002,538
|
1,870,504
|
|
Signal Peak CLO 1 Ltd., Series 2014-
1A, Class AR4, 4.83% (3 mo. Term
SOFR + 1.08%), 04/17/2034(b)(d)
|
|
5,353,881
|
5,357,961
|
|
Signal Peak CLO 4 Ltd. (Cayman
Islands), Series 2017-4A,
Class AR2, 4.93% (3 mo. Term
SOFR + 1.12%), 10/26/2034(b)(d)
|
|
6,145,000
|
6,148,896
|
|
SoFi Consumer Loan Program
|
|
|
|
|
Series 2026-3, Class B, 4.85%,
06/25/2035(b)
|
|
2,200,000
|
2,196,645
|
|
Series 2026-3, Class C, 5.09%,
06/25/2035(b)
|
|
2,080,000
|
2,072,925
|
|
Sonic Capital LLC
|
|
|
|
|
Series 2020-1A, Class A2I, 3.85%,
01/20/2050(b)
|
|
3,413,344
|
3,396,050
|
|
Series 2021-1A, Class A2I, 2.19%,
08/20/2051(b)
|
|
1,751,067
|
1,635,938
|
|
Series 2021-1A, Class A2II, 2.64%,
08/20/2051(b)
|
|
1,789,134
|
1,533,340
|
|
STAR Trust, Series 2021-1, Class A1,
1.22%, 05/25/2065(b)(j)
|
|
426,276
|
400,728
|
|
Starwood Mortgage Residential Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.28%,
02/25/2050(b)(j)
|
|
7,241
|
6,993
|
|
Series 2020-INV1, Class A1,
1.03%, 11/25/2055(b)(j)
|
|
133,041
|
129,648
|
|
Series 2021-6, Class A1, 1.92%,
11/25/2066(b)(j)
|
|
1,680,999
|
1,471,933
|
|
Series 2022-1, Class A1, 2.45%,
12/25/2066(b)(j)
|
|
1,294,445
|
1,142,726
|
|
Store Master Funding I-VII,
Series 2016-1A, Class A2, 4.32%,
10/20/2046(b)
|
|
403,427
|
400,674
|
|
Subway Funding LLC
|
|
|
|
|
Series 2024-1A, Class A23, 6.51%,
07/30/2054(b)
|
|
3,509,490
|
3,514,404
|
|
Series 2024-1A, Class A2I, 6.03%,
07/30/2054(b)
|
|
2,014,125
|
2,021,375
|
|
Series 2024-1A, Class A2I, 6.27%,
07/30/2054(b)
|
|
7,578,023
|
7,626,169
|
|
Series 2024-3A, Class A23, 5.91%,
07/30/2054(b)
|
|
3,954,775
|
3,783,764
|
|
Series 2024-3A, Class A2I, 5.25%,
07/30/2054(b)
|
|
4,998,875
|
4,894,595
|
|
Series 2024-3A, Class A2I, 5.57%,
07/30/2054(b)
|
|
3,063,350
|
2,973,857
|
|
Switch ABS Issuer LLC, Series 2025-
2A, Class A21, 5.12%,
10/25/2055(b)
|
|
1,800,000
|
1,764,060
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Symphony CLO XX Ltd. (Cayman
Islands), Series 2018-20A,
Class AR2, 4.89% (3 mo. Term
SOFR + 1.10%), 01/16/2032(b)(d)
|
$
|
302,621
|
$303,497
|
|
Symphony CLO XXI Ltd. (Cayman
Islands), Series 2019-21A,
Class AR2, 4.65% (3 mo. Term
SOFR + 0.90%), 07/15/2032(b)(d)
|
|
1,258,368
|
1,259,073
|
|
Symphony CLO XXII Ltd. (Cayman
Islands), Series 2020-22A,
Class A1AR, 4.91% (3 mo. Term
SOFR + 1.18%), 04/18/2033(b)(d)
|
|
1,198,711
|
1,199,047
|
|
Symphony CLO XXIII Ltd. (Cayman
Islands), Series 2020-23A,
Class AR2, 4.65% (3 mo. Term
SOFR + 0.90%), 01/15/2034(b)(d)
|
|
791,641
|
792,150
|
|
Taco Bell Funding LLC
|
|
|
|
|
Series 2025-1A, Class A2I, 4.82%,
08/25/2055(b)
|
|
2,320,000
|
2,277,530
|
|
Series 2025-1A, Class A2II, 5.05%,
08/25/2055(b)
|
|
1,230,000
|
1,202,704
|
|
Textainer Marine Containers VII Ltd.
(China), Series 2021-2A, Class A,
2.23%, 04/20/2046(b)
|
|
933,800
|
879,136
|
|
Thayer Park, CLO Ltd., Series 2017-
1A, Class A1RR, 4.73% (3 mo.
Term SOFR + 1.00%),
04/20/2034(b)(d)
|
|
2,721,404
|
2,722,879
|
|
TierPoint Issuer LLC
|
|
|
|
|
Series 2025-1A, Class A2, 6.15%,
04/26/2055(b)
|
|
4,120,000
|
4,114,362
|
|
Series 2025-2A, Class A2, 6.40%,
04/26/2055(b)
|
|
3,221,000
|
3,142,988
|
|
Tricon American Homes Trust,
Series 2020-SFR2, Class A, 1.48%,
11/17/2039(b)
|
|
856,020
|
820,254
|
|
Tricon Residential Trust, Series 2025-
SFR1, Class A, 4.78% (1 mo. Term
SOFR + 1.10%), 03/17/2042(b)(d)
|
|
4,574,111
|
4,563,722
|
|
VB-S1 Issuer LLC, Series 2026-1A,
Class C2, 4.69%, 03/15/2056(b)
|
|
2,570,000
|
2,493,497
|
|
VDCM Commercial Mortgage Trust
|
|
|
|
|
Series 2025-AZ, Class A, 5.06%,
07/13/2044(b)(j)
|
|
4,760,000
|
4,676,215
|
|
Series 2025-AZ, Class C, 5.84%,
07/13/2044(b)(j)
|
|
800,000
|
786,644
|
|
Series 2025-AZ, Class D, 6.23%,
07/13/2044(b)(j)
|
|
4,657,000
|
4,596,443
|
|
Verus Securitization Trust
|
|
|
|
|
Series 2021-1, Class A1B, 0.82%,
01/25/2066(b)(j)
|
|
523,641
|
475,274
|
|
Series 2021-2, Class A1, 1.03%,
02/25/2066(b)(j)
|
|
671,726
|
606,556
|
|
Series 2021-7, Class A1, 2.83%,
10/25/2066(b)
|
|
1,316,789
|
1,192,893
|
|
Series 2021-R1, Class A1, 0.82%,
10/25/2063(b)(j)
|
|
144,827
|
141,291
|
|
Series 2022-1, Class A1, 3.72%,
01/25/2067(b)
|
|
1,019,640
|
951,967
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2024-7, Class A1, 5.10%,
09/25/2069(b)(j)
|
$
|
1,785,400
|
$1,776,722
|
|
Series 2026-4, Class A1, 5.00%,
04/25/2071(b)(j)
|
|
1,965,312
|
1,951,480
|
|
Visio Trust, Series 2020-1R, Class A1,
1.31%, 11/25/2055(b)
|
|
42,639
|
41,585
|
|
Wells Fargo Commercial Mortgage
Trust, Series 2026-C66, Class A5,
5.65%, 04/15/2059
|
|
1,195,000
|
1,219,781
|
|
Wendy’s Funding LLC, Series 2019-
1A, Class A2II, 4.08%,
06/15/2049(b)
|
|
437,436
|
420,241
|
|
WEST Trust, Series 2025-ROSE,
Class A, 5.28%, 04/10/2035(b)(j)
|
|
3,098,000
|
3,079,238
|
|
Whetstone Park CLO Ltd.,
Series 2021-1A, Class A1R, 4.80%
(3 mo. Term SOFR + 1.07%),
01/20/2035(b)(d)
|
|
9,140,000
|
9,143,007
|
|
Zaxby’s Funding LLC
|
|
|
|
|
Series 2021-1A, Class A2, 3.24%,
07/30/2051(b)
|
|
4,085,000
|
3,896,347
|
|
Series 2024-1A, Class A2I, 6.59%,
04/30/2054(b)
|
|
1,179,000
|
1,193,938
|
|
Zayo Issuer LLC
|
|
|
|
|
Series 2025-2A, Class A2, 5.95%,
06/20/2055(b)
|
|
7,989,000
|
8,050,718
|
|
Series 2025-3A, Class A2, 5.57%,
10/20/2055(b)
|
|
2,703,000
|
2,658,689
|
|
Total Asset-Backed Securities
(Cost $598,437,824)
|
590,071,295
|
||
|
U.S. Treasury Securities-21.61%
|
|||
|
U.S. Treasury Bills-0.36%(l)
|
|||
|
3.62%–3.71%, 09/17/2026(m)
|
|
7,689,000
|
7,653,918
|
|
3.86%–3.95%, 01/14/2027(m)
|
|
1,186,000
|
1,165,620
|
|
|
|
|
8,819,538
|
|
U.S. Treasury Bonds-4.98%
|
|||
|
5.00%, 05/15/2046
|
|
25,236,300
|
24,414,149
|
|
4.75%, 02/15/2056
|
|
104,987,700
|
97,039,803
|
|
|
|
|
121,453,952
|
|
U.S. Treasury Notes-16.27%
|
|||
|
4.13%, 06/30/2028
|
|
37,273,900
|
37,179,259
|
|
4.13%, 07/15/2029
|
|
75,408,500
|
74,987,273
|
|
3.88%, 03/31/2031
|
|
2,636,000
|
2,576,330
|
|
4.13%, 06/30/2031
|
|
95,189,800
|
93,940,434
|
|
4.38%, 07/31/2031
|
|
1,750,000
|
1,746,103
|
|
4.25%, 06/30/2033
|
|
28,521,000
|
27,999,600
|
|
4.38%, 05/15/2036
|
|
163,239,600
|
158,967,313
|
|
|
|
|
397,396,312
|
|
Total U.S. Treasury Securities
(Cost $532,374,773)
|
527,669,802
|
||
|
Variable Rate Senior Loan Interests-2.55%(n)(o)
|
|||
|
Aerospace & Defense-0.04%
|
|||
|
TransDigm, Inc., Term Loan M, 6.23%
(1 mo. Term SOFR + 2.50%),
08/19/2032
|
|
1,018,967
|
1,021,540
|
|
|
Principal
Amount
|
Value
|
|
|
Broadcasting-0.10%
|
|||
|
Nexstar Media, Inc., Term Loan,
6.48% (1 mo. Term SOFR +
2.75%), 03/18/2033
|
$
|
2,396,751
|
$2,397,123
|
|
Health Care Equipment-0.23%
|
|||
|
Olympus Holdings
|
|
|
|
|
Term Loan, 5.97% , 06/01/2051
|
|
704,195
|
704,195
|
|
Term Loan, 5.77% , 07/16/2051
|
|
4,875,148
|
4,875,148
|
|
|
|
|
5,579,343
|
|
Leisure Products-0.20%
|
|||
|
Electronic Arts, Term Loan, -,
03/23/2033(p)
|
|
4,699,000
|
4,733,373
|
|
Marine Transportation-0.04%
|
|||
|
Carrix, Inc.
|
|
|
|
|
Term Loan, - , 07/15/2033(p)
|
|
850,000
|
848,937
|
|
Term Loan, - , 07/15/2033(p)
|
|
169,000
|
168,789
|
|
|
|
|
1,017,726
|
|
Oil & Gas Refining & Marketing-0.04%
|
|||
|
Castrol, Inc., Term Loan, -,
06/30/2033(p)
|
|
1,063,500
|
1,065,441
|
|
Real Estate Development-0.20%
|
|||
|
VCI Asset Holdings 2 LLC, Term Loan,
11.11% (1 mo. Term SOFR +
7.38%), 02/06/2031
|
|
4,651,855
|
4,814,670
|
|
Restaurants-0.98%
|
|||
|
Raising Cane’s Restaurants LLC
|
|
|
|
|
Term Loan, 5.73% (1 mo. Term
SOFR + 2.00%), 11/03/2032
|
|
10,701,225
|
10,679,822
|
|
Term Loan B, 5.73% (1 mo. Term
SOFR + 2.00%), 09/10/2031
|
|
8,472,169
|
8,457,131
|
|
Term Loan B, 5.66% (1 mo. Term
SOFR + 2.00%), 05/30/2033
|
|
4,794,000
|
4,779,019
|
|
|
|
|
23,915,972
|
|
Technology Hardware, Storage & Peripherals-0.72%
|
|||
|
CoreWeave Compute Acquisition Co.
VIII LLC, Delayed Draw Term Loan,
5.95% (1 mo. Term SOFR +
2.25%), 03/31/2032(h)
|
|
17,622,000
|
17,666,055
|
|
Total Variable Rate Senior Loan Interests
(Cost $61,840,965)
|
62,211,243
|
||
|
|
Shares
|
|
|
|
Exchange-Traded Funds-1.33%
|
|||
|
Invesco Core Fixed Income ETF(c)(q)
|
|
306,500
|
7,548,574
|
|
Invesco High Yield Systematic Bond
ETF(c)(q)
|
|
209,200
|
4,640,014
|
|
Invesco Short Duration High Yield
ETF(c)(q)
|
|
9,000
|
227,286
|
|
Invesco Short Duration Total Return
Bond ETF(q)
|
|
809,300
|
20,147,524
|
|
Total Exchange-Traded Funds
(Cost $33,038,139)
|
32,563,398
|
||
|
|
Principal
Amount
|
|
|
|
Municipal Obligations-0.48%
|
|||
|
Illinois (State of), Series 2010-1, GO
Bonds, (INS - AGI), 6.63%,
02/01/2035(r)
|
$
|
138,462
|
143,709
|
|
|
Principal
Amount
|
Value
|
|
|
Los Angeles (City of), CA Department
of Water & Power, Series 2010, RB,
6.57%, 07/01/2045
|
$
|
255,000
|
$263,108
|
|
Virgin Islands (Government of) Public
Finance Authority (Frenchman’s
Reef Hotel Development),
Series 2024 B, RB, 9.00%,
04/01/2053(b)
|
|
12,000,000
|
11,360,982
|
|
Total Municipal Obligations(s)
(Cost $12,501,334)
|
11,767,799
|
||
|
|
Shares
|
|
|
|
Preferred Stocks-0.46%
|
|||
|
Aerospace & Defense-0.03%
|
|||
|
Boeing Co. (The), Conv. Pfd., 6.00%,
10/15/2027
|
|
12,000
|
801,720
|
|
Diversified Banks-0.04%
|
|||
|
Citigroup, Inc., Series II, Pfd., 6.25%
|
|
42,150
|
1,035,625
|
|
Diversified Financial Services-0.12%
|
|||
|
Apollo Global Management, Inc., Pfd.,
7.63%, 09/15/2053(e)
|
|
111,250
|
2,856,900
|
|
Electric Utilities-0.01%
|
|||
|
Southern Co. (The), Series A, Conv.
Pfd., 7.13%, 12/15/2028
|
|
7,000
|
347,550
|
|
Interactive Media & Services-0.10%
|
|||
|
Alphabet, Inc., Series A, Conv. Pfd.,
6.25%, 05/15/2029
|
|
46,760
|
2,345,482
|
|
Regional Banks-0.10%
|
|||
|
M&T Bank Corp., Series J, Pfd.,
7.50%
|
|
91,792
|
2,400,361
|
|
Systems Software-0.06%
|
|||
|
Oracle Corp., Class D, Conv. Pfd.,
6.50%, 01/15/2029
|
|
31,869
|
1,334,674
|
|
Total Preferred Stocks
(Cost $11,016,834)
|
11,122,312
|
||
|
|
Principal
Amount
|
|
|
|
Agency Credit Risk Transfer Notes-0.33%
|
|||
|
Fannie Mae Connecticut Avenue
Securities, Series 2025-R04,
Class 1A1, 4.62% (30 Day Average
SOFR + 1.00%),
05/25/2045(b)(d)(t)
|
$
|
1,541,540
|
1,543,524
|
|
Freddie Mac
|
|
|
|
|
Series 2023-DNA1, Class M1,
STACR®, 5.72% (30 Day Average
SOFR + 2.10%),
03/25/2043(b)(d)(u)
|
|
241,492
|
244,054
|
|
Series 2025-DNA4, Class A1,
STACR®, 4.52% (30 Day Average
SOFR + 0.90%),
10/25/2045(b)(d)(u)
|
|
354,438
|
354,612
|
|
|
Principal
Amount
|
Value
|
|
|
Series 2026-DNA2, Class M1,
STACR®, 4.82% (30 Day Average
SOFR + 1.20%),
03/25/2046(b)(d)(u)
|
$
|
1,682,272
|
$1,684,339
|
|
Series 2026-HQA1, Class A1,
STACR®, 4.62% (30 Day Average
SOFR + 1.00%),
05/25/2046(b)(d)(u)
|
|
4,227,250
|
4,242,508
|
|
Total Agency Credit Risk Transfer Notes
(Cost $8,046,992)
|
8,069,037
|
||
|
|
|||
|
U.S. Government Sponsored Agency Securities-0.10%
|
|||
|
Fannie Mae STRIPS
|
|
|
|
|
0.00%, 05/15/2029(i)
|
|
450,000
|
398,068
|
|
0.00%, 01/15/2030(i)
|
|
1,300,000
|
1,115,315
|
|
0.00%, 05/15/2030(i)
|
|
850,000
|
719,192
|
|
Tennessee Valley Authority
|
|
|
|
|
5.38%, 04/01/2056(c)
|
|
100,000
|
96,666
|
|
4.25%, 09/15/2065
|
|
250,000
|
192,895
|
|
Total U.S. Government Sponsored Agency Securities
(Cost $2,188,485)
|
2,522,136
|
||
|
|
Shares
|
|
|
|
Common Stocks & Other Equity Interests-0.03%
|
|||
|
Technology Hardware, Storage & Peripherals-0.03%
|
|||
|
VCI Compute II LLC(h)(v)
(Cost $857,300)
|
|
857,300
|
857,300
|
|
|
Principal
Amount
|
|
|
|
Non-U.S. Dollar Denominated Bonds & Notes-0.02%(w)
|
|||
|
Drug Retail-0.02%
|
|||
|
Boots Group Finco L.P. (United
Kingdom), 5.38%, 08/31/2032(b)
(Cost $465,900)
|
EUR
|
400,000
|
470,602
|
|
|
Principal
Amount
|
Value
|
|
|
Drug Retail-(continued)
|
|||
|
|
Shares
|
|
|
|
Options Purchased-0.04%
|
|||
|
(Cost $996,573)†
|
1,087,685
|
||
|
Money Market Funds-7.17%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
3.64%(q)(x)
(Cost $174,974,394)
|
|
174,974,394
|
$174,974,394
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-120.89%
(Cost $2,985,917,928)
|
2,952,240,045
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-4.04%
|
|||
|
Invesco Private Government Fund,
3.69%(q)(x)(y)
|
|
27,406,118
|
27,406,118
|
|
Invesco Private Prime Fund,
3.82%(q)(x)(y)
|
|
71,201,228
|
71,208,348
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $98,613,149)
|
98,614,466
|
||
|
TOTAL INVESTMENTS IN SECURITIES-124.93%
(Cost $3,084,531,077)
|
3,050,854,511
|
||
|
OTHER ASSETS LESS LIABILITIES-(24.93)%
|
(608,744,402
)
|
||
|
NET ASSETS-100.00%
|
$2,442,110,109
|
||
|
Investment Abbreviations:
|
|
|
AGI
|
-Assured Guaranty, Inc.
|
|
Conv.
|
-Convertible
|
|
Ctfs.
|
-Certificates
|
|
ETF
|
-Exchange-Traded Fund
|
|
EUR
|
-Euro
|
|
GO
|
-General Obligation
|
|
INS
|
-Insurer
|
|
Pfd.
|
-Preferred
|
|
RB
|
-Revenue Bonds
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
STRIPS
|
-Separately Traded Registered Interest and Principal Security
|
|
TBA
|
-To Be Announced
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $1,017,406,479, which represented 41.66% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Perpetual bond with no specified maturity date.
|
|
(g)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at July 31,
2026 was $171,704, which represented less than 1% of the Fund’s Net Assets.
|
|
(h)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(i)
|
Denotes a zero coupon security issued at a substantial discount from its value at
maturity.
|
|
(j)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate
shown is the rate in effect on July 31, 2026.
|
|
(k)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(l)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(m)
|
All or a portion of the value was pledged as collateral to cover margin requirements
for futures contracts.
|
|
(n)
|
Variable rate senior loan interests often require prepayments from excess cash flow
or permit the borrower to repay at its election. The degree to which
borrowers repay, whether as a contractual requirement or at their election, cannot
be predicted with any accuracy. As a result, the actual remaining maturity
may be substantially less than the stated maturities shown. However, it is anticipated
that the variable rate senior loan interests will have an expected average
life of three to five years.
|
|
(o)
|
Variable rate senior loan interests are, at present, not readily marketable, not registered
under the 1933 Act and may be subject to contractual and legal
restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the Secured
Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not
greater than one year, and/or have interest rates that float at margin above
a widely recognized base lending rate such as the Prime Rate of a designated U.S.
bank.
|
|
(p)
|
This variable rate interest will settle after July 31, 2026, at which time the interest
rate will be determined.
|
|
(q)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco Core Fixed
Income ETF
|
$229,338
|
$7,515,801
|
$-
|
$(196,565
)
|
$-
|
$7,548,574
|
$122,747
|
|
Invesco High Yield
Systematic Bond ETF
|
2,510,551
|
2,223,159
|
-
|
(93,696
)
|
-
|
4,640,014
|
210,104
|
|
Invesco Short
Duration High Yield
ETF
|
231,371
|
-
|
(630
)
|
(4,085
)
|
630
|
227,286
|
10,066
|
|
Invesco Short
Duration Total
Return Bond ETF
|
7,866,368
|
12,466,574
|
-
|
(185,418
)
|
-
|
20,147,524
|
643,047
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government
& Agency Portfolio,
Institutional Class
|
$-
|
$1,506,789,404
|
$(1,331,815,010
)
|
$-
|
$-
|
$174,974,394
|
$1,637,629
|
|
Investments
Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
33,601,272
|
216,030,995
|
(222,226,149
)
|
-
|
-
|
27,406,118
|
2,330,120
*
|
|
Invesco Private
Prime Fund
|
96,659,440
|
443,415,342
|
(468,853,484
)
|
2,130
|
(15,080
)
|
71,208,348
|
2,441,969
*
|
|
Total
|
$141,098,340
|
$2,188,441,275
|
$(2,022,895,273
)
|
$(477,634
)
|
$(14,450
)
|
$306,152,258
|
$7,395,682
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(r)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(s)
|
Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s
obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each.
|
|
(t)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(u)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(v)
|
Non-income producing security.
|
|
(w)
|
Foreign denominated security. Principal amount is denominated in the currency indicated.
|
|
(x)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(y)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
†
|
The table below details options purchased.
|
|
Open Exchange-Traded Index Options Purchased
|
||||||||
|
Description
|
Type of
Contract
|
Expiration Date
|
Number of
Contracts
|
Exercise Price
|
Notional
Value*
|
Value
|
||
|
Equity Risk
|
|
|
|
|
|
|
||
|
S&P 500 Index
|
Call
|
01/15/2027
|
43
|
|
$7,700
|
|
$33,110,000
|
$1,087,685
|
|
*
|
Notional Value is calculated by multiplying the Number of Contracts by the Exercise
Price by the multiplier.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Notes
|
187
|
September-2026
|
$20,196,000
|
$(118,984
)
|
$(118,984
)
|
|
U.S. Treasury 2 Year Notes
|
1,147
|
September-2026
|
235,833,954
|
(637,982
)
|
(637,982
)
|
|
U.S. Treasury Long Bonds
|
945
|
September-2026
|
102,355,313
|
(2,973,454
)
|
(2,973,454
)
|
|
U.S. Treasury Ultra Bonds
|
314
|
September-2026
|
34,441,875
|
(1,055,299
)
|
(1,055,299
)
|
|
Subtotal—Long Futures Contracts
|
|
|
|
(4,785,719
)
|
(4,785,719
)
|
|
Open Futures Contracts—(continued)
|
|||||
|
Short Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|
|
|
|
|
|
U.S. Treasury 10 Year Ultra Notes
|
1,194
|
September-2026
|
$(130,985,531
)
|
$1,674,662
|
$1,674,662
|
|
U.S. Treasury 5 Year Notes
|
1,312
|
September-2026
|
(139,041,251
)
|
511,565
|
511,565
|
|
Subtotal—Short Futures Contracts
|
|
|
|
2,186,227
|
2,186,227
|
|
Total Futures Contracts
|
$(2,599,492
)
|
$(2,599,492
)
|
|||
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-65.99%
|
|||
|
Aerospace & Defense-1.20%
|
|||
|
Honeywell Aerospace, Inc., 4.29% (SOFR +
0.63%), 03/16/2029(b)(c)
|
$
|
12,000,000
|
$11,996,134
|
|
Howmet Aerospace, Inc., 3.75%,
03/03/2028
|
|
17,017,000
|
16,801,276
|
|
Huntington Ingalls Industries, Inc., 2.04%,
08/16/2028
|
|
7,382,000
|
6,999,489
|
|
L3Harris Technologies, Inc., 5.40%,
01/15/2027
|
|
11,141,000
|
11,193,685
|
|
|
|
|
46,990,584
|
|
Agricultural Products & Services-0.31%
|
|||
|
Cargill, Inc., 4.24% (SOFR + 0.61%),
02/11/2028(b)(c)
|
|
12,000,000
|
12,026,076
|
|
Application Software-0.45%
|
|||
|
Roper Technologies, Inc., 4.25%,
09/15/2028
|
|
1,524,000
|
1,509,729
|
|
Salesforce, Inc., 4.50%, 03/15/2028
|
|
13,111,000
|
13,085,984
|
|
Synopsys, Inc., 4.55%, 04/01/2027
|
|
3,000,000
|
3,004,008
|
|
|
|
|
17,599,721
|
|
Asset Management & Custody Banks-0.46%
|
|||
|
Ares Capital Corp., 7.00%, 01/15/2027
|
|
13,829,000
|
13,967,086
|
|
Golub Capital Private Credit Fund, 5.45%,
08/15/2028
|
|
2,453,000
|
2,435,925
|
|
State Street Corp., 4.54%,
04/24/2028(d)(e)
|
|
1,719,000
|
1,719,717
|
|
|
|
|
18,122,728
|
|
Automobile Manufacturers-4.49%
|
|||
|
American Honda Finance Corp.
|
|
|
|
|
4.38% (SOFR + 0.72%), 10/05/2026(c)
|
|
10,000,000
|
10,006,284
|
|
4.53% (SOFR + 0.87%),
07/09/2027(c)(d)
|
|
12,000,000
|
12,033,750
|
|
4.47% (SOFR + 0.82%), 03/03/2028(c)
|
|
12,000,000
|
12,011,890
|
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.30% 08/12/2027(b)
|
|
5,015,000
|
5,004,902
|
|
5.13% 09/25/2027(b)
|
|
5,905,000
|
5,936,827
|
|
Hyundai Capital America
|
|
|
|
|
4.88% 06/23/2027(b)
|
|
8,590,000
|
8,621,679
|
|
5.28% 06/24/2027(b)
|
|
16,000,000
|
16,116,288
|
|
2.38% 10/15/2027(b)
|
|
8,870,000
|
8,630,704
|
|
4.55% (SOFR + 0.89%),
01/08/2029(b)(c)
|
|
9,900,000
|
9,903,173
|
|
Hyundai Capital Services, Inc. (South
Korea), 5.25%, 01/22/2028(b)
|
|
9,500,000
|
9,557,342
|
|
Mercedes-Benz Finance North America LLC
(Germany)
|
|
|
|
|
4.44% (SOFR + 0.78%),
04/01/2027(b)(c)
|
|
12,000,000
|
12,033,790
|
|
4.65% 04/01/2027(b)
|
|
4,000,000
|
4,007,254
|
|
4.90% 11/15/2027(b)
|
|
8,000,000
|
8,028,420
|
|
4.36% (SOFR + 0.71%),
03/10/2028(b)(c)
|
|
8,789,000
|
8,796,313
|
|
5.10% 08/03/2028(b)
|
|
12,000,000
|
12,081,078
|
|
Toyota Motor Credit Corp.
|
|
|
|
|
4.40% (SOFR + 0.77%), 08/07/2026(c)
|
|
5,000,000
|
5,000,325
|
|
Series B, 4.31% (SOFR + 0.65%),
03/13/2029(c)
|
|
15,000,000
|
15,037,646
|
|
|
Principal
Amount
|
Value
|
|
|
Automobile Manufacturers-(continued)
|
|||
|
Volkswagen Group of America Finance LLC
(Germany)
|
|
|
|
|
4.69% (SOFR + 1.06%),
08/14/2026(b)(c)
|
$
|
5,000,000
|
$5,001,162
|
|
4.35% 06/08/2027(b)(d)
|
|
2,500,000
|
2,493,710
|
|
4.45% 09/11/2027(b)
|
|
5,600,000
|
5,581,583
|
|
|
|
|
175,884,120
|
|
Automotive Parts & Equipment-0.39%
|
|||
|
BMW US Capital LLC (Germany), 4.45%
(SOFR + 0.79%), 03/17/2028(b)(c)
|
|
15,000,000
|
15,086,864
|
|
Biotechnology-0.17%
|
|||
|
AbbVie, Inc., 4.13% (SOFR + 0.48%),
03/03/2028(c)
|
|
6,504,000
|
6,513,095
|
|
Brewers-0.52%
|
|||
|
Heineken N.V. (Netherlands), 3.50%,
01/29/2028(b)
|
|
20,866,000
|
20,555,346
|
|
Broadline Retail-1.13%
|
|||
|
Amazon.com, Inc.
|
|
|
|
|
3.90% 11/20/2028
|
|
13,889,000
|
13,669,465
|
|
4.24% (SOFR + 0.58%),
07/09/2029(c)(d)
|
|
25,000,000
|
25,108,485
|
|
eBay, Inc., 4.25%, 03/06/2029
|
|
5,514,000
|
5,443,824
|
|
|
|
|
44,221,774
|
|
Building Products-0.51%
|
|||
|
Owens Corning, 5.50%, 06/15/2027
|
|
20,000,000
|
20,163,432
|
|
Commercial & Residential Mortgage Finance-0.43%
|
|||
|
Aviation Capital Group LLC
|
|
|
|
|
4.75% 04/14/2027(b)
|
|
2,904,000
|
2,909,092
|
|
4.25% 04/30/2029(b)
|
|
1,941,000
|
1,904,027
|
|
Nationwide Building Society (United
Kingdom), 4.74% (SOFR + 1.07%),
07/14/2029(b)(c)(d)
|
|
12,000,000
|
12,069,858
|
|
|
|
|
16,882,977
|
|
Construction & Engineering-0.51%
|
|||
|
Quanta Services, Inc., 4.30%,
08/09/2028
|
|
20,000,000
|
19,860,990
|
|
Construction Machinery & Heavy Transportation Equipment-0.85%
|
|||
|
Caterpillar Financial Services Corp.
|
|
|
|
|
4.19% (SOFR + 0.53%),
07/07/2027(c)(d)
|
|
14,000,000
|
14,031,936
|
|
4.21% (SOFR + 0.58%), 11/14/2028(c)
|
|
8,999,000
|
9,021,809
|
|
Series K, 4.10% 08/15/2028
|
|
10,480,000
|
10,410,269
|
|
|
|
|
33,464,014
|
|
Consumer Finance-0.97%
|
|||
|
American Express Co., 4.22% (SOFR +
0.59%), 02/09/2029(c)
|
|
10,000,000
|
10,009,525
|
|
Capital One Financial Corp., 4.93%,
05/10/2028(e)
|
|
7,000,000
|
7,013,843
|
|
General Motors Financial Co., Inc.
|
|
|
|
|
5.00% 07/15/2027
|
|
4,000,000
|
4,018,826
|
|
4.83% (SOFR + 1.17%), 04/04/2028(c)
|
|
16,800,000
|
16,879,372
|
|
|
|
|
37,921,566
|
|
Data Processing & Outsourced Services-0.06%
|
|||
|
Concentrix Corp., 6.65%, 08/02/2026
|
|
2,500,000
|
2,500,000
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-17.40%
|
|||
|
Australia and New Zealand Banking Group
Ltd. (Australia), 4.24% (SOFR + 0.59%),
12/08/2028(b)(c)
|
$
|
5,854,000
|
$5,873,216
|
|
Banco Bilbao Vizcaya Argentaria S.A.
(Spain), 4.53% (SOFR + 0.88%),
03/03/2029(c)
|
|
8,400,000
|
8,424,603
|
|
Banco Santander S.A. (Spain), 4.65%
(SOFR + 0.99%), 04/15/2029(c)
|
|
11,800,000
|
11,882,042
|
|
Bank of America Corp.
|
|
|
|
|
3.71% 04/24/2028(e)
|
|
11,250,000
|
11,181,925
|
|
3.97% 03/05/2029(e)
|
|
18,000,000
|
17,791,760
|
|
4.62% 05/09/2029(e)
|
|
4,033,000
|
4,025,138
|
|
Bank of Montreal (Canada), 4.81% (SOFR
+ 1.16%), 12/11/2026(c)
|
|
10,000,000
|
10,032,439
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
6.50% 09/13/2027(e)
|
|
12,000,000
|
12,025,498
|
|
4.34% 01/10/2028
|
|
5,200,000
|
5,176,379
|
|
BNP Paribas S.A. (France), 1.90%,
09/30/2028(b)(e)
|
|
15,000,000
|
14,539,205
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
|
|
|
4.88% (SOFR + 1.22%), 10/02/2026(c)
|
|
10,000,000
|
10,016,334
|
|
4.45% (SOFR + 0.80%), 09/08/2028(c)
|
|
10,000,000
|
10,023,820
|
|
4.48% (SOFR + 0.80%), 01/29/2030(c)
|
|
20,000,000
|
20,002,100
|
|
Citibank N.A., 5.49%, 12/04/2026
|
|
9,783,000
|
9,816,616
|
|
Citigroup, Inc., 4.64%, 05/07/2028(e)
|
|
12,000,000
|
12,004,459
|
|
Citizens Bank N.A., 4.19%, 01/29/2029(e)
|
|
8,800,000
|
8,723,116
|
|
Cooperatieve Rabobank U.A.
(Netherlands), 4.24% (SOFR + 0.59%),
05/27/2027(c)
|
|
10,715,000
|
10,741,058
|
|
Credit Agricole S.A. (France)
|
|
|
|
|
4.86% (SOFR + 1.21%),
09/11/2028(b)(c)
|
|
6,000,000
|
6,037,646
|
|
4.79% (SOFR + 1.13%),
01/09/2029(b)(c)
|
|
7,000,000
|
7,039,838
|
|
Fifth Third Bank N.A., 4.49% (SOFR +
0.81%), 01/28/2028(c)
|
|
6,366,000
|
6,373,034
|
|
HSBC USA, Inc., 4.62% (SOFR + 0.97%),
06/03/2028(c)
|
|
7,826,000
|
7,879,231
|
|
Huntington National Bank (The), 4.38%
(SOFR + 0.72%), 04/12/2028(c)
|
|
17,438,000
|
17,444,630
|
|
JPMorgan Chase & Co.
|
|
|
|
|
4.87% (SOFR + 1.20%), 01/23/2028(c)
|
|
5,556,000
|
5,576,754
|
|
2.95% 02/24/2028(e)
|
|
18,000,000
|
17,844,413
|
|
4.59% (SOFR + 0.92%), 04/22/2028(c)
|
|
10,000,000
|
10,034,287
|
|
3.54% 05/01/2028(e)
|
|
8,866,000
|
8,799,288
|
|
4.41% 04/23/2030(e)
|
|
20,000,000
|
19,733,930
|
|
Lloyds Banking Group PLC (United
Kingdom)
|
|
|
|
|
5.19% (SOFR + 1.56%), 08/07/2027(c)
|
|
9,474,000
|
9,475,277
|
|
5.46% 01/05/2028(e)
|
|
14,500,000
|
14,560,961
|
|
Macquarie Bank Ltd. (Australia), 4.85%
(SOFR + 1.20%), 12/07/2026(b)(c)
|
|
6,213,000
|
6,233,207
|
|
Manufacturers & Traders Trust Co., 4.76%,
07/06/2028(e)
|
|
19,250,000
|
19,259,081
|
|
Mitsubishi Ufj Financial Group, Inc. (Japan),
5.42%, 02/22/2029(e)
|
|
8,950,000
|
9,037,333
|
|
Mizuho Bank Ltd. (Japan), 4.47% (SOFR +
0.80%), 04/16/2029(b)(c)
|
|
6,504,000
|
6,539,367
|
|
Mizuho Markets Cayman L.P. (Japan),
4.48% (SOFR + 0.85%), 08/14/2026(c)
|
|
10,000,000
|
10,001,700
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Morgan Stanley Bank N.A., 4.75% (SOFR +
1.08%), 01/14/2028(c)
|
$
|
10,000,000
|
$10,026,841
|
|
Morgan Stanley Private Bank N.A., 4.43%
(SOFR + 0.77%), 07/06/2028(c)
|
|
8,363,000
|
8,378,807
|
|
National Bank of Canada (Canada), 4.17%,
01/20/2029(e)
|
|
12,699,000
|
12,602,823
|
|
NatWest Group PLC (United Kingdom),
5.58%, 03/01/2028(e)
|
|
20,650,000
|
20,775,167
|
|
PNC Bank N.A., 4.40% (SOFR + 0.73%),
07/21/2028(c)
|
|
3,159,000
|
3,164,674
|
|
PNC Financial Services Group, Inc. (The),
4.30% (SOFR + 0.62%), 01/26/2029(c)
|
|
8,163,000
|
8,159,237
|
|
Regions Banks, 4.76%, 07/27/2029(e)
|
|
9,000,000
|
8,985,102
|
|
Royal Bank of Canada (Canada)
|
|
|
|
|
4.62% (SOFR + 0.95%), 01/19/2027(c)
|
|
8,333,000
|
8,357,994
|
|
4.50% 08/06/2029(e)
|
|
9,600,000
|
9,555,285
|
|
Santander UK Group Holdings PLC (United
Kingdom), 6.53%, 01/10/2029(e)
|
|
12,500,000
|
12,784,563
|
|
Societe Generale S.A. (France)
|
|
|
|
|
5.07% (SOFR + 1.41%),
04/13/2029(b)(c)(d)
|
|
12,000,000
|
12,099,839
|
|
4.86% 07/07/2029(b)(e)
|
|
9,073,000
|
9,039,021
|
|
Sumitomo Mitsui Financial Group, Inc.
(Japan), 4.11%, 01/15/2029
|
|
7,305,000
|
7,190,203
|
|
Sumitomo Mitsui Trust Bank Ltd. (Japan)
|
|
|
|
|
5.20% 03/07/2027(b)
|
|
4,372,000
|
4,396,069
|
|
4.40% (SOFR + 0.75%),
09/11/2028(b)(c)
|
|
2,163,000
|
2,172,486
|
|
Svenska Handelsbanken AB (Sweden),
4.38% (SOFR + 0.74%),
05/23/2028(b)(c)
|
|
7,826,000
|
7,865,192
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
|
|
|
4.67% (SOFR + 1.00%), 10/20/2026(c)
|
|
9,800,000
|
9,815,891
|
|
4.50% (SOFR + 0.82%), 01/31/2028(c)
|
|
10,550,000
|
10,605,503
|
|
4.56% (SOFR + 0.91%), 06/02/2028(c)
|
|
12,000,000
|
12,095,077
|
|
Truist Bank
|
|
|
|
|
4.44% (SOFR + 0.77%), 07/24/2028(c)
|
|
11,709,000
|
11,724,092
|
|
4.34% (SOFR + 0.66%), 01/27/2029(c)
|
|
20,000,000
|
20,002,198
|
|
U.S. Bank N.A.
|
|
|
|
|
4.54% (SOFR + 0.91%), 05/15/2028(c)
|
|
12,000,000
|
12,036,818
|
|
4.30% (SOFR + 0.66%), 05/20/2029(c)
|
|
15,000,000
|
15,030,830
|
|
UBS AG (Switzerland), 4.47% (SOFR +
0.81%), 03/16/2029(c)
|
|
15,000,000
|
15,050,007
|
|
Wells Fargo & Co.
|
|
|
|
|
4.45% (SOFR + 0.78%), 01/24/2028(c)
|
|
8,953,000
|
8,970,888
|
|
4.74% (SOFR + 1.07%), 04/22/2028(c)
|
|
10,000,000
|
10,039,273
|
|
2.39% 06/02/2028(e)
|
|
12,000,000
|
11,785,259
|
|
4.36% (SOFR + 0.72%), 05/20/2029(c)
|
|
15,000,000
|
15,013,611
|
|
4.54% (SOFR + 0.88%), 09/15/2029(c)
|
|
20,000,000
|
20,068,423
|
|
|
|
|
681,940,858
|
|
Diversified Capital Markets-0.36%
|
|||
|
Deutsche Bank AG (Germany), 4.87%
(SOFR + 1.21%), 01/10/2029(c)
|
|
14,000,000
|
14,054,983
|
|
Diversified Financial Services-0.92%
|
|||
|
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust (Ireland)
|
|
|
|
|
6.45% 04/15/2027
|
|
10,000,000
|
10,120,710
|
|
3.88% 01/23/2028
|
|
10,000,000
|
9,874,952
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services-(continued)
|
|||
|
Avolon Holdings Funding Ltd. (Ireland)
|
|
|
|
|
2.75% 02/21/2028(b)
|
$
|
12,000,000
|
$11,627,211
|
|
4.20% 04/15/2029(b)
|
|
4,369,000
|
4,272,812
|
|
|
|
|
35,895,685
|
|
Diversified Metals & Mining-1.51%
|
|||
|
BHP Billiton Finance (USA) Ltd. (Australia)
|
|
|
|
|
5.25% 09/08/2026
|
|
14,815,000
|
14,829,268
|
|
4.75% 02/28/2028
|
|
20,000,000
|
20,077,145
|
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.41% (SOFR + 0.75%),
10/01/2026(b)(c)
|
|
6,429,000
|
6,433,195
|
|
4.72% (SOFR + 1.06%),
04/04/2027(b)(c)
|
|
5,682,000
|
5,705,648
|
|
5.34% 04/04/2027(b)
|
|
10,000,000
|
10,058,699
|
|
Rio Tinto Finance (USA) PLC (Australia),
4.38%, 03/12/2027
|
|
2,089,000
|
2,091,132
|
|
|
|
|
59,195,087
|
|
Diversified Support Services-0.07%
|
|||
|
Element Fleet Management Corp.
(Canada), 4.80%, 05/29/2029(b)
|
|
2,616,000
|
2,600,598
|
|
Electric Utilities-1.82%
|
|||
|
Constellation Energy Generation LLC,
3.90%, 01/08/2028
|
|
10,000,000
|
9,914,328
|
|
Evergy Missouri West, Inc., 5.15%,
12/15/2027(b)
|
|
5,191,000
|
5,217,873
|
|
National Rural Utilities Cooperative Finance
Corp., 4.48% (SOFR + 0.82%),
09/16/2027(c)
|
|
10,000,000
|
10,050,315
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
|
4.69% 09/01/2027
|
|
19,000,000
|
19,034,316
|
|
4.48% (SOFR + 0.80%), 02/04/2028(c)
|
|
8,796,000
|
8,831,696
|
|
1.90% 06/15/2028
|
|
18,426,000
|
17,525,053
|
|
Pinnacle West Capital Corp., 4.90%,
05/15/2028
|
|
779,000
|
781,631
|
|
|
|
|
71,355,212
|
|
Electronic Components-0.38%
|
|||
|
Amphenol Corp., 4.16% (SOFR + 0.53%),
11/15/2027(c)(d)
|
|
15,000,000
|
15,025,053
|
|
Fertilizers & Agricultural Chemicals-0.18%
|
|||
|
Nutrien Ltd. (Canada), 4.50%,
03/12/2027
|
|
7,165,000
|
7,173,380
|
|
Food Retail-0.48%
|
|||
|
Alimentation Couche-Tard, Inc. (Canada),
4.15%, 09/29/2028(b)
|
|
19,000,000
|
18,796,686
|
|
Gas Utilities-0.20%
|
|||
|
Boston Gas Co., 3.15%, 08/01/2027(b)
|
|
7,998,000
|
7,885,688
|
|
Health Care Equipment-0.38%
|
|||
|
Abbott Laboratories, 4.15% (SOFR +
0.50%), 03/09/2029(c)
|
|
15,000,000
|
15,021,306
|
|
Home Improvement Retail-0.51%
|
|||
|
Lowe`s Cos., Inc., 3.95%, 10/15/2027
|
|
20,000,000
|
19,871,502
|
|
Hotels, Resorts & Cruise Lines-0.27%
|
|||
|
Marriott International, Inc.
|
|
|
|
|
4.20% 07/15/2027
|
|
2,051,000
|
2,045,987
|
|
5.00% 10/15/2027
|
|
8,300,000
|
8,343,079
|
|
|
|
|
10,389,066
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Machinery & Supplies & Components-0.88%
|
|||
|
Ingersoll Rand, Inc., 5.20%, 06/15/2027
|
$
|
15,176,000
|
$15,267,313
|
|
Nordson Corp., 5.60%, 09/15/2028
|
|
19,000,000
|
19,308,441
|
|
|
|
|
34,575,754
|
|
Integrated Telecommunication Services-1.38%
|
|||
|
AT&T, Inc.
|
|
|
|
|
4.25% 03/01/2027
|
|
20,000,000
|
19,988,486
|
|
2.30% 06/01/2027
|
|
18,000,000
|
17,680,369
|
|
NTT Finance Corp. (Japan)
|
|
|
|
|
4.57% 07/16/2027(b)
|
|
6,370,000
|
6,375,896
|
|
4.74% (SOFR + 1.08%),
07/16/2028(b)(c)
|
|
10,000,000
|
10,074,845
|
|
|
|
|
54,119,596
|
|
Interactive Media & Services-0.11%
|
|||
|
Alphabet, Inc., (Acquired 11/03/2025;
Cost $3,636,000), 4.15% (SOFR +
0.52%), 11/15/2028(c)
|
|
4,364,000
|
4,386,807
|
|
Investment Banking & Brokerage-2.78%
|
|||
|
Goldman Sachs Group, Inc. (The), 4.94%,
04/23/2028(e)
|
|
15,925,000
|
15,958,229
|
|
Jefferies Financial Group, Inc.
|
|
|
|
|
4.50% 09/15/2026(d)
|
|
25,000,000
|
24,984,069
|
|
4.30% 02/11/2027
|
|
18,211,000
|
18,195,142
|
|
Morgan Stanley
|
|
|
|
|
4.69% (SOFR + 1.02%), 04/13/2028(c)
|
|
10,000,000
|
10,030,830
|
|
5.05% (SOFR + 1.38%), 04/12/2029(c)
|
|
12,000,000
|
12,114,874
|
|
4.87% 07/12/2029(e)
|
|
7,683,000
|
7,683,902
|
|
4.63% (SOFR + 0.97%), 04/10/2030(c)
|
|
20,000,000
|
20,075,469
|
|
|
|
|
109,042,515
|
|
Leisure Products-0.26%
|
|||
|
Hasbro, Inc., 3.55%, 11/19/2026
|
|
10,000,000
|
9,979,854
|
|
Life & Health Insurance-9.10%
|
|||
|
Athene Global Funding
|
|
|
|
|
2.95% 11/12/2026(b)
|
|
5,000,000
|
4,979,054
|
|
4.49% (SOFR + 0.83%),
01/07/2027(b)(c)
|
|
10,000,000
|
10,004,248
|
|
5.52% 03/25/2027(b)
|
|
12,711,000
|
12,793,299
|
|
5.35% 07/09/2027(b)(d)
|
|
15,000,000
|
15,111,602
|
|
Brighthouse Financial Global Funding,
5.55%, 04/09/2027(b)
|
|
8,150,000
|
8,191,280
|
|
CNO Global Funding, 4.88%,
12/10/2027(b)
|
|
4,918,000
|
4,917,851
|
|
Corebridge Global Funding
|
|
|
|
|
4.96% (SOFR + 1.30%),
09/25/2026(b)(c)
|
|
10,000,000
|
10,013,617
|
|
4.41% (SOFR + 0.75%),
01/07/2028(b)(c)
|
|
10,000,000
|
9,992,436
|
|
4.25% 08/21/2028(b)
|
|
3,653,000
|
3,614,504
|
|
4.80% 05/29/2029(b)
|
|
2,956,000
|
2,947,996
|
|
Equitable America Global Funding
|
|
|
|
|
3.95% 09/15/2027(b)
|
|
6,263,000
|
6,206,732
|
|
4.30% 12/15/2028(b)
|
|
15,000,000
|
14,826,570
|
|
Equitable Financial Life Global Funding,
1.80%, 03/08/2028(b)
|
|
8,294,000
|
7,917,663
|
|
F&G Global Funding
|
|
|
|
|
5.88% 06/10/2027(b)
|
|
7,514,000
|
7,589,065
|
|
4.65% 09/08/2028(b)
|
|
3,402,000
|
3,362,528
|
|
4.98% (SOFR + 1.33%),
09/08/2028(b)(c)
|
|
4,418,000
|
4,436,729
|
|
4.50% 01/09/2029(b)
|
|
16,129,000
|
15,859,214
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
GA Global Funding Trust
|
|
|
|
|
4.40% 09/23/2027(b)
|
$
|
20,700,000
|
$20,611,647
|
|
5.50% 01/08/2029(b)
|
|
8,072,000
|
8,138,960
|
|
Jackson National Life Global Funding
|
|
|
|
|
4.54% (SOFR + 0.89%),
06/09/2027(b)(c)(d)
|
|
20,000,000
|
20,063,388
|
|
5.55% 07/02/2027(b)
|
|
6,719,000
|
6,785,282
|
|
4.64% (SOFR + 0.97%),
01/14/2028(b)(c)
|
|
4,000,000
|
4,010,376
|
|
4.85% 06/23/2028(b)
|
|
15,000,000
|
14,986,288
|
|
4.61% (SOFR + 0.95%),
09/12/2028(b)(c)
|
|
3,968,000
|
3,964,113
|
|
Lincoln Financial Global Funding, 4.63%,
05/28/2028(b)
|
|
7,383,000
|
7,364,117
|
|
MassMutual Global Funding II
|
|
|
|
|
4.45% (SOFR + 0.77%),
01/29/2027(b)(c)
|
|
10,700,000
|
10,725,749
|
|
4.40% (SOFR + 0.74%),
04/09/2027(b)(c)
|
|
10,000,000
|
10,028,453
|
|
4.36% (SOFR + 0.68%),
08/01/2028(b)(c)(d)
|
|
6,000,000
|
6,014,411
|
|
Met Tower Global Funding, 4.00%,
01/14/2029(b)
|
|
11,539,000
|
11,352,848
|
|
New York Life Global Funding
|
|
|
|
|
4.33% (SOFR + 0.67%),
04/02/2027(b)(c)
|
|
15,000,000
|
15,035,987
|
|
4.40% 04/25/2028(b)(d)
|
|
4,434,000
|
4,424,807
|
|
Northwestern Mutual Global Funding
|
|
|
|
|
4.35% 09/15/2027(b)
|
|
13,000,000
|
12,984,387
|
|
4.30% (SOFR + 0.66%),
08/25/2028(b)(c)(d)
|
|
8,750,000
|
8,763,032
|
|
Pacific Life Global Funding II, 4.45%,
05/01/2028(b)
|
|
11,321,000
|
11,288,626
|
|
Principal Financial Group, Inc., 4.11%,
02/15/2028(b)
|
|
3,120,000
|
3,097,656
|
|
Principal Life Global Funding II
|
|
|
|
|
5.00% 01/16/2027(b)
|
|
3,000,000
|
3,009,481
|
|
4.25% 08/18/2028(b)
|
|
18,717,000
|
18,532,008
|
|
Protective Life Global Funding, 4.50%
(SOFR + 0.85%), 09/11/2028(b)(c)
|
|
12,855,000
|
12,887,671
|
|
|
|
|
356,833,675
|
|
Life Sciences Tools & Services-0.51%
|
|||
|
Agilent Technologies, Inc., 4.20%,
09/09/2027
|
|
20,000,000
|
19,932,100
|
|
Multi-line Insurance-0.55%
|
|||
|
Metropolitan Life Global Funding I, 4.28%
(SOFR + 0.62%), 04/13/2028(b)(c)
|
|
11,539,000
|
11,549,848
|
|
USAA Capital Corp., 5.25%,
06/01/2027(b)(d)
|
|
10,000,000
|
10,077,649
|
|
|
|
|
21,627,497
|
|
Multi-Utilities-0.80%
|
|||
|
DTE Energy Co., 4.95%, 07/01/2027
|
|
12,280,000
|
12,329,497
|
|
Sempra, 4.33% (SOFR + 0.67%),
01/07/2028(c)
|
|
19,000,000
|
19,065,374
|
|
|
|
|
31,394,871
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation-3.13%
|
|||
|
Enbridge, Inc. (Canada)
|
|
|
|
|
5.90% 11/15/2026
|
$
|
8,300,000
|
$8,326,263
|
|
5.25% 04/05/2027
|
|
14,666,000
|
14,745,129
|
|
4.60% 06/20/2028
|
|
3,485,000
|
3,480,508
|
|
4.20% 11/20/2028
|
|
5,769,000
|
5,707,877
|
|
Energy Transfer L.P.
|
|
|
|
|
4.40% 03/15/2027
|
|
20,000,000
|
19,999,632
|
|
5.50% 06/01/2027
|
|
15,000,000
|
15,088,538
|
|
5.55% 02/15/2028
|
|
15,000,000
|
15,189,120
|
|
Kinder Morgan, Inc., 1.75%, 11/15/2026
|
|
12,698,000
|
12,604,413
|
|
Spectra Energy Partners L.P., 3.38%,
10/15/2026
|
|
8,118,000
|
8,103,042
|
|
Western Midstream Operating L.P., 6.35%,
01/15/2029
|
|
19,000,000
|
19,578,778
|
|
|
|
|
122,823,300
|
|
Packaged Foods & Meats-1.18%
|
|||
|
Mars, Inc.
|
|
|
|
|
4.45% 03/01/2027(b)
|
|
7,446,000
|
7,461,214
|
|
4.60% 03/01/2028(b)
|
|
19,000,000
|
19,013,184
|
|
Tyson Foods, Inc., 3.55%, 06/02/2027
|
|
20,000,000
|
19,857,859
|
|
|
|
|
46,332,257
|
|
Passenger Airlines-0.09%
|
|||
|
Delta Air Lines, Inc., 4.95%, 07/10/2028
|
|
3,614,000
|
3,619,722
|
|
Personal Care Products-0.63%
|
|||
|
Haleon US Capital LLC, 3.38%,
03/24/2027
|
|
25,000,000
|
24,833,842
|
|
Pharmaceuticals-0.45%
|
|||
|
GlaxoSmithKline Capital PLC (United
Kingdom), 4.16% (SOFR + 0.50%),
03/12/2027(c)
|
|
7,912,000
|
7,924,978
|
|
Pfizer, Inc., 4.13% (SOFR + 0.50%),
11/15/2027(c)
|
|
4,039,000
|
4,050,314
|
|
Zoetis, Inc., 4.15%, 08/17/2028
|
|
5,769,000
|
5,721,992
|
|
|
|
|
17,697,284
|
|
Precious Metals & Minerals-0.24%
|
|||
|
Anglo American Capital PLC (South Africa),
4.75%, 04/10/2027(b)
|
|
9,253,000
|
9,272,362
|
|
Regional Banks-0.71%
|
|||
|
Zions Bancorp. N.A., 5.24%,
10/01/2029(e)
|
|
9,892,000
|
9,897,178
|
|
Zions Bancorporation N.A.
|
|
|
|
|
4.70% 08/18/2028(e)
|
|
15,015,000
|
14,967,767
|
|
4.48% 02/09/2029(e)
|
|
2,931,000
|
2,908,613
|
|
|
|
|
27,773,558
|
|
Self-Storage REITs-0.26%
|
|||
|
Public Storage Operating Co., 4.37%
(SOFR + 0.70%), 04/16/2027(c)
|
|
10,000,000
|
10,023,611
|
|
Semiconductors-0.34%
|
|||
|
Intel Corp., 3.75%, 03/25/2027
|
|
13,493,000
|
13,432,692
|
|
Soft Drinks & Non-alcoholic Beverages-0.43%
|
|||
|
Keurig Dr Pepper, Inc.
|
|
|
|
|
4.21% (SOFR + 0.58%), 11/15/2026(c)
|
|
12,000,000
|
12,003,132
|
|
4.54% (SOFR + 0.88%), 03/15/2027(c)
|
|
5,000,000
|
5,012,012
|
|
|
|
|
17,015,144
|
|
Specialized Finance-0.42%
|
|||
|
Blackstone Private Credit Fund, 2.63%,
12/15/2026
|
|
16,490,000
|
16,349,966
|
|
|
Principal
Amount
|
Value
|
|
|
Specialty Chemicals-0.51%
|
|||
|
Sherwin-Williams Co. (The), 3.45%,
06/01/2027
|
$
|
20,000,000
|
$19,845,024
|
|
Systems Software-0.34%
|
|||
|
ServiceNow, Inc., 4.25%, 05/15/2028
|
|
2,294,000
|
2,282,440
|
|
VMware LLC, 1.40%, 08/15/2026
|
|
11,000,000
|
10,987,203
|
|
|
|
|
13,269,643
|
|
Technology Hardware, Storage & Peripherals-0.74%
|
|||
|
Hewlett Packard Enterprise Co.
|
|
|
|
|
4.05% 09/15/2027
|
|
14,000,000
|
13,917,400
|
|
4.64% (SOFR + 0.98%), 03/23/2028(c)
|
|
15,000,000
|
15,092,410
|
|
|
|
|
29,009,810
|
|
Telecom Tower REITs-1.14%
|
|||
|
American Tower Corp.
|
|
|
|
|
1.45% 09/15/2026
|
|
13,000,000
|
12,959,139
|
|
3.38% 10/15/2026
|
|
6,165,000
|
6,153,765
|
|
2.75% 01/15/2027
|
|
25,917,000
|
25,726,420
|
|
|
|
|
44,839,324
|
|
Trading Companies & Distributors-0.92%
|
|||
|
Sumisho Air Lease Corp.
|
|
|
|
|
1.88% 08/15/2026
|
|
10,300,000
|
10,289,488
|
|
5.85% 12/15/2027
|
|
15,000,000
|
15,210,755
|
|
4.63% 10/01/2028
|
|
10,600,000
|
10,547,784
|
|
|
|
|
36,048,027
|
|
Transaction & Payment Processing Services-1.01%
|
|||
|
Fidelity National Information Services, Inc.,
4.45%, 03/10/2028
|
|
15,000,000
|
14,923,900
|
|
Global Payments Inc., 4.55%,
03/15/2028
|
|
5,639,000
|
5,603,223
|
|
Global Payments, Inc., 4.45%,
06/01/2028
|
|
11,514,000
|
11,411,596
|
|
PayPal Holdings, Inc.
|
|
|
|
|
4.32% (SOFR + 0.67%),
03/06/2028(c)(d)
|
|
1,851,000
|
1,853,592
|
|
4.55% 06/01/2028
|
|
5,826,000
|
5,814,471
|
|
|
|
|
39,606,782
|
|
Wireless Telecommunication Services-0.15%
|
|||
|
T-Mobile USA, Inc., 2.05%, 02/15/2028
|
|
6,100,000
|
5,862,784
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $2,587,139,391)
|
2,586,546,192
|
||
|
|
|||
|
Asset-Backed Securities-14.51%
|
|||
|
Amur Equipment Finance Receivables
XII LLC, Series 2023-1A, Class A2,
6.09%, 12/20/2029(b)
|
|
1,197,344
|
1,200,654
|
|
Amur Equipment Finance Receivables
XVI LLC, Series 2026-1A, Class A2,
4.73%, 11/21/2033(b)
|
|
5,730,000
|
5,734,407
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.16%,
12/25/2059(b)(f)
|
|
353,974
|
347,991
|
|
Series 2020-5, Class A1, 1.37%,
05/25/2065(b)(f)
|
|
674,559
|
655,061
|
|
Series 2024-8, Class A1, 5.34%,
05/27/2069(b)
|
|
5,859,446
|
5,845,424
|
|
Series 2025-2, Class A1, 5.64%,
02/25/2070(b)
|
|
11,493,654
|
11,504,493
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Ares LIII CLO Ltd. (Cayman Islands),
Series 2019-53A, Class A1R2, 4.87% (3
mo. Term SOFR + 1.09%),
10/24/2036(b)(c)
|
$
|
12,000,000
|
$11,994,360
|
|
AutoNation Finance Trust
|
|
|
|
|
Series 2025-1A, Class A2, 4.72%,
04/10/2028(b)
|
|
680,827
|
681,024
|
|
Series 2026-1A, Class A2, 3.95%,
01/11/2029(b)
|
|
3,967,000
|
3,963,589
|
|
Series 2026-2A, Class A3, 4.56%,
06/16/2031(b)
|
|
3,780,000
|
3,776,721
|
|
Auxilior Term Funding, Series 2026-1A,
Class A2, 4.64%, 02/15/2029(b)
|
|
4,330,000
|
4,331,965
|
|
Barings CLO Ltd. (Cayman Islands),
Series 2021-2A, Class A1R, 4.82% (3
mo. Term SOFR + 1.07%),
07/15/2034(b)(c)
|
|
12,000,000
|
12,009,804
|
|
Barings Equipment Finance LLC,
Series 2025-B, Class A2, 4.02%,
02/13/2029(b)
|
|
4,517,996
|
4,508,074
|
|
Bear Stearns Asset Backed Securities I
Trust, Series 2006-HE9, Class 2A,
4.12% (1 mo. Term SOFR + 0.39%),
11/25/2036(c)
|
|
228,632
|
226,729
|
|
Beechwood Park CLO Ltd. (Jersey),
Series 2019-1A, Class A1RR, 4.82% (3
mo. Term SOFR + 1.07%),
01/17/2035(b)(c)
|
|
10,000,000
|
10,009,280
|
|
BINOM Securitization Trust, Series 2021-
INV1, Class A1, 2.03%,
06/25/2056(b)(f)
|
|
2,317,352
|
2,115,940
|
|
BlackRock CLO L.P., Series 2025-2A,
Class A, 4.91% (3 mo. Term SOFR +
1.27%), 11/21/2033(b)(c)
|
|
9,572,017
|
9,579,674
|
|
BofA Auto Trust
|
|
|
|
|
Series 2025-1A, Class A2A, 4.52%,
11/22/2027(b)
|
|
129,695
|
129,720
|
|
Series 2026-1A, Class A2A, 4.10%,
11/15/2028(b)
|
|
5,600,000
|
5,596,251
|
|
BRAVO Residential Funding Trust,
Series 2021-NQM2, Class A1, 0.97%,
03/25/2060(b)(f)
|
|
172,021
|
170,873
|
|
CarMax Auto Owner Trust
|
|
|
|
|
Series 2025-2, Class A2A, 4.59%,
07/17/2028
|
|
1,644,651
|
1,646,668
|
|
Series 2026-3, Class A2, 4.36%,
10/15/2029
|
|
3,500,000
|
3,499,393
|
|
Carvana Auto Receivables Trust,
Series 2026-P1, Class A3, 4.26%,
02/10/2031
|
|
15,000,000
|
14,911,566
|
|
CCG Receivables Trust, Series 2025-1,
Class A2, 4.48%, 10/14/2032(b)
|
|
3,540,712
|
3,544,019
|
|
Chesapeake Funding II LLC (Canada)
|
|
|
|
|
Series 2023-2A, Class A2, 4.73%
(30 Day Average SOFR + 1.10%),
10/15/2035(b)(c)
|
|
1,988,764
|
1,989,247
|
|
Series 2024-1A, Class A2, 4.40%
(30 Day Average SOFR + 0.77%),
05/15/2036(b)(c)
|
|
932,145
|
933,644
|
|
Citizens Auto Receivables Trust,
Series 2024-2, Class A3, 5.33%,
08/15/2028(b)
|
|
2,889,015
|
2,899,239
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
COLT Mortgage Loan Trust, Series 2020-
2R, Class A1, 1.33%, 10/26/2065(b)(f)
|
$
|
698,571
|
$664,197
|
|
Cross Mortgage Trust
|
|
|
|
|
Series 2023-H1, Class A1, 6.62%,
03/25/2068(b)
|
|
2,176,982
|
2,171,466
|
|
Series 2024-H5, Class A1, 5.85%,
08/26/2069(b)
|
|
5,511,207
|
5,528,259
|
|
Series 2026-NQM7, Class A1, 5.46%,
06/25/2071(b)(f)
|
|
7,470,148
|
7,452,283
|
|
Deephaven Residential Mortgage Trust,
Series 2021-2, Class A1, 0.90%,
04/25/2066(b)(f)
|
|
3,085,950
|
2,752,789
|
|
Dell Equipment Finance Trust
|
|
|
|
|
Series 2024-1, Class A3, 5.39%,
03/22/2030(b)
|
|
975,048
|
978,479
|
|
Series 2025-1, Class A3, 4.61%,
02/24/2031(b)
|
|
2,970,000
|
2,977,454
|
|
Series 2025-2, Class A3, 4.12%,
03/24/2031(b)
|
|
1,750,000
|
1,742,124
|
|
Series 2026-1A, Class A3, 4.32%,
12/22/2031(b)
|
|
1,950,000
|
1,943,313
|
|
DLLST LLC, Series 2024-1A, Class A3,
5.05%, 08/20/2027(b)
|
|
639,033
|
640,050
|
|
Ellington Financial Mortgage Trust
|
|
|
|
|
Series 2019-2, Class A1, 2.74%,
11/25/2059(b)(f)
|
|
351,742
|
343,263
|
|
Series 2020-2, Class A1, 1.18%,
10/25/2065(b)(f)
|
|
121,760
|
116,574
|
|
Enterprise Fleet Financing LLC
|
|
|
|
|
Series 2023-3, Class A2, 6.40%,
03/20/2030(b)
|
|
1,510,968
|
1,521,587
|
|
Series 2024-1, Class A2, 5.23%,
03/20/2030(b)
|
|
820,101
|
823,300
|
|
Series 2024-3, Class A2, 5.31%,
04/20/2027(b)
|
|
129,544
|
129,613
|
|
Series 2024-4, Class A2, 4.69%,
07/20/2027(b)
|
|
1,367,903
|
1,369,731
|
|
Series 2025-2, Class A2, 4.51%,
02/22/2028(b)
|
|
3,104,528
|
3,108,273
|
|
Series 2025-4, Class A2, 4.05%,
08/20/2028(b)
|
|
5,347,324
|
5,336,106
|
|
Series 2026-1, Class A2, 4.00%,
10/20/2028(b)
|
|
9,375,000
|
9,343,192
|
|
Series 2026-2, Class A2, 4.33%,
02/20/2029(b)
|
|
5,140,000
|
5,130,522
|
|
FCCU Auto Receivables Trust,
Series 2026-1A, Class A2, 3.98%,
10/15/2029(b)
|
|
7,583,868
|
7,563,357
|
|
First National Master Note Trust,
Series 2024-1, Class A, 5.34%,
05/15/2030
|
|
3,870,000
|
3,900,220
|
|
GCAT Trust, Series 2025-NQM2, Class A1,
5.60%, 04/25/2070(b)
|
|
5,624,601
|
5,621,010
|
|
GCRED BSL CLO 1, Series 2025-BSL1A,
Class A, 4.78% (3 mo. Term SOFR +
1.05%), 01/20/2034(b)(c)
|
|
12,219,751
|
12,214,521
|
|
Gordon Brothers Equipment Finance LLC,
Series 2026-1A, Class A2, 5.15%,
06/20/2034(b)
|
|
6,990,000
|
7,001,463
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
GreatAmerica Leasing Receivables
Funding LLC
|
|
|
|
|
Series 2024-2, Class A2, 5.28%,
03/15/2027(b)
|
$
|
198,841
|
$198,996
|
|
Series 2025-1, Class A2, 4.52%,
10/15/2027(b)
|
|
1,692,499
|
1,695,031
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2020-NQM1, Class A1, 1.38%,
09/27/2060(b)(f)
|
|
751,234
|
730,168
|
|
Series 2025-HE1, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(c)
|
|
3,555,138
|
3,570,864
|
|
Series 2025-HE2, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
12/25/2065(b)(c)
|
|
12,707,992
|
12,765,956
|
|
Series 2025-PJ1, Class A7, 6.00%,
06/25/2055(b)(f)
|
|
4,582,394
|
4,582,774
|
|
Harbor Park CLO Ltd. (Cayman Islands),
Series 2018-1A, Class AR2, 4.68% (3
mo. Term SOFR + 0.95%),
01/20/2031(b)(c)
|
|
5,065,631
|
5,065,003
|
|
HPEFS Equipment Trust, Series 2025-2A,
Class A3, 4.03%, 11/22/2032(b)
|
|
8,750,000
|
8,707,569
|
|
Hyundai Auto Lease Securitization Trust,
Series 2025-B, Class A3, 4.53%,
04/17/2028(b)
|
|
3,800,000
|
3,807,313
|
|
Hyundai Auto Receivables Trust,
Series 2025-A, Class A2B, 3.97%
(30 Day Average SOFR + 0.34%),
12/15/2027(c)
|
|
1,906,671
|
1,906,773
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-INV1, Class A4, 6.00%,
04/25/2055(b)(f)
|
|
3,738,522
|
3,741,118
|
|
Series 2025-HE3, Class A1, 4.97%
(30 Day Average SOFR + 1.35%),
03/20/2056(b)(c)
|
|
11,256,375
|
11,324,312
|
|
Series 2025-NQM3, Class A1, 5.50%,
11/25/2065(b)(f)
|
|
7,817,947
|
7,808,444
|
|
Series 2026-CES1, Class A1, 4.91%,
06/25/2056(b)
|
|
13,276,650
|
13,134,571
|
|
John Deere Owner Trust, Series 2025-A,
Class A2B, 3.92% (30 Day Average
SOFR + 0.29%), 03/15/2028(c)
|
|
2,095,565
|
2,095,901
|
|
Kubota Credit Owner Trust, Series 2026-
2A, Class A2, 4.40%, 04/16/2029(b)
|
|
7,750,000
|
7,749,205
|
|
M&T Equipment LLC
|
|
|
|
|
Series 2025-1A, Class A2, 4.70%,
12/16/2027(b)
|
|
3,178,530
|
3,186,357
|
|
Series 2026-1A, Class A2, 4.56%,
03/19/2029(b)
|
|
3,000,000
|
3,002,837
|
|
Magnetite XXXI Ltd. (Cayman Islands),
Series 2021-31A, Class A1R, 4.75% (3
mo. Term SOFR + 1.00%),
07/15/2034(b)(c)
|
|
12,000,000
|
12,011,568
|
|
Merchants Fleet Funding LLC,
Series 2025-1A, Class A, 4.49%,
01/20/2039(b)
|
|
3,750,000
|
3,746,907
|
|
MFA Trust, Series 2026-INVR1, Class A1,
5.39%, 12/25/2059(b)(f)
|
|
1,803,664
|
1,792,396
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
|
Series 2023-NQM1, Class A1, 7.28%,
09/25/2068(b)
|
$
|
3,637,076
|
$3,640,900
|
|
Series 2024-NQM3, Class A1, 5.04%,
07/25/2069(b)(f)
|
|
5,350,910
|
5,336,287
|
|
Series 2025-DSC2, Class A1, 5.44%,
07/25/2070(b)(f)
|
|
5,387,724
|
5,374,262
|
|
Series 2025-NQM1, Class A1, 5.74%,
11/25/2069(b)(f)
|
|
7,645,596
|
7,659,874
|
|
Series 2026-1, Class A3, 5.50%,
04/25/2056(b)(f)
|
|
13,845,435
|
13,786,678
|
|
Series 2026-NQM4, Class A1, 5.08%,
03/25/2071(b)(f)
|
|
4,200,422
|
4,155,557
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
|
Series 2020-FA, Class A, 1.22%,
07/15/2069(b)
|
|
787,697
|
742,971
|
|
Series 2021-FA, Class A, 1.11%,
02/18/2070(b)
|
|
2,163,537
|
1,908,457
|
|
Navistar Financial Dealer Note Master
Owner Trust II, Series 2025-1, Class A,
4.18%, 09/25/2030(b)
|
|
4,350,000
|
4,334,213
|
|
Neuberger Berman Loan Advisers CLO 47
Ltd. (Cayman Islands), Series 2022-47A,
Class AR, 4.83% (3 mo. Term SOFR +
1.09%), 04/16/2035(b)(c)
|
|
6,000,000
|
6,006,024
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
Series 2017-5A, Class A1, 5.34% (1 mo.
Term SOFR + 1.61%), 06/25/2057(b)(c)
|
|
155,044
|
157,749
|
|
Series 2019-NQM4, Class A1, 2.49%,
09/25/2059(b)(f)
|
|
855,232
|
824,204
|
|
Series 2020-NQM1, Class A1, 2.46%,
01/26/2060(b)(f)
|
|
764,100
|
715,352
|
|
Series 2026-NQM6, Class A1, 5.29%,
05/25/2066(b)(f)
|
|
5,337,581
|
5,302,243
|
|
Nissan Auto Lease Trust, Series 2026-A,
Class A2B, 4.08% (30 Day Average
SOFR + 0.45%), 05/15/2028(c)
|
|
12,300,000
|
12,317,021
|
|
OBX Trust
|
|
|
|
|
Series 2024-NQM12, Class A1, 5.48%,
07/25/2064(b)
|
|
3,257,137
|
3,258,389
|
|
Series 2024-NQM18, Class A1, 5.41%,
10/25/2064(b)(f)
|
|
4,081,126
|
4,082,300
|
|
Series 2024-NQM6, Class A1, 6.45%,
02/25/2064(b)
|
|
2,632,768
|
2,646,960
|
|
Palmer Square Loan Funding Ltd. (Cayman
Islands), Series 2025-3A, Class A1,
4.70% (3 mo. Term SOFR + 0.95%),
01/15/2034(b)(c)
|
|
10,274,083
|
10,280,268
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%, 01/25/2060(b)(f)
|
|
2,498,224
|
2,500,105
|
|
Porsche Innovative Lease Owner Trust,
Series 2026-1A, Class A3, 4.41%,
08/20/2029
|
|
6,640,000
|
6,635,503
|
|
PRKCM Trust, Series 2023-AFC4,
Class A1, 7.23%, 11/25/2058(b)
|
|
3,219,512
|
3,223,032
|
|
SBNA Auto Lease Trust, Series 2024-C,
Class A3, 4.56%, 02/22/2028(b)
|
|
633,114
|
633,554
|
|
SCCU Auto Receivables Trust,
Series 2026-1A, Class A2, 4.18%,
08/15/2029(b)
|
|
9,400,000
|
9,390,498
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
SFS Auto Receivables Securitization Trust,
Series 2026-1A, Class A2B, 4.08%
(30 Day Average SOFR + 0.46%),
08/20/2029(b)(c)
|
$
|
13,500,000
|
$13,514,681
|
|
SoFi Consumer Loan Program,
Series 2026-3, Class A, 4.46%,
06/25/2035(b)
|
|
12,490,000
|
12,491,719
|
|
SoFi Consumer Loan Program Trust,
Series 2026-1, Class A, 4.06%,
12/26/2035(b)
|
|
4,534,822
|
4,522,015
|
|
Starwood Mortgage Residential Trust
|
|
|
|
|
Series 2020-1, Class A1, 2.28%,
02/25/2050(b)(f)
|
|
119,669
|
115,571
|
|
Series 2020-INV1, Class A1, 1.03%,
11/25/2055(b)(f)
|
|
665,788
|
648,808
|
|
Series 2021-2, Class A1, 0.94%,
05/25/2065(b)(f)
|
|
836,069
|
804,602
|
|
Synchrony Card Funding LLC
|
|
|
|
|
Series 2023-A2, Class A, 5.74%,
10/15/2029
|
|
8,500,000
|
8,527,968
|
|
Series 2024-A1, Class A, 5.04%,
03/15/2030
|
|
10,000,000
|
10,051,174
|
|
Thayer Park, CLO Ltd., Series 2017-1A,
Class A1RR, 4.73% (3 mo. Term SOFR +
1.00%), 04/20/2034(b)(c)
|
|
8,178,535
|
8,182,967
|
|
Toyota Auto Receivables Owner Trust,
Series 2025-B, Class A2A, 4.46%,
03/15/2028
|
|
2,655,671
|
2,658,005
|
|
USAA Auto Owner Trust, Series 2025-A,
Class A3, 3.95%, 12/17/2029(b)
|
|
4,350,000
|
4,331,940
|
|
Verus Securitization Trust, Series 2023-7,
Class A1, 7.07%, 10/25/2068(b)
|
|
4,170,958
|
4,177,308
|
|
Visio Trust, Series 2020-1R, Class A1,
1.31%, 11/25/2055(b)
|
|
529,942
|
516,840
|
|
Volvo Financial Equipment LLC,
Series 2025-1A, Class A2, 4.41%,
11/15/2027(b)
|
|
1,631,508
|
1,632,708
|
|
Westlake Automobile Receivables Trust,
Series 2025-P1, Class A2, 4.65%,
02/15/2028(b)
|
|
1,835,538
|
1,836,852
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
|
Series 2024-1A, Class A2, 4.50% (1
mo. Term SOFR + 0.83%),
02/18/2039(b)(c)
|
|
1,923,988
|
1,927,794
|
|
Series 2024-2A, Class A2, 4.67% (1
mo. Term SOFR + 1.00%),
06/21/2039(b)(c)
|
|
3,321,172
|
3,336,966
|
|
Series 2025-1A, Class A1, 4.57%,
01/18/2040(b)
|
|
6,557,961
|
6,563,128
|
|
Series 2025-2A, Class A1, 4.41%,
05/18/2040(b)
|
|
13,685,468
|
13,663,938
|
|
Series 2025-3A, Class A1, 4.08%,
09/18/2040(b)
|
|
8,030,000
|
7,971,007
|
|
Wheels Fleet Lease Funding LLC,
Series 2026-1A, Class A2B, 4.29% (1
mo. Term SOFR + 0.62%),
04/18/2039(b)(c)
|
|
6,000,000
|
6,012,600
|
|
Whetstone Park CLO Ltd., Series 2021-1A,
Class A1R, 4.80% (3 mo. Term SOFR +
1.07%), 01/20/2035(b)(c)
|
|
12,000,000
|
12,003,948
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
World Omni Auto Receivables Trust,
Series 2025-B, Class A2A, 4.38%,
08/15/2028
|
$
|
905,069
|
$905,639
|
|
World Omni Automobile Lease
Securitization Trust, Series 2025-A,
Class A2B, 4.02% (30 Day Average
SOFR + 0.39%), 12/15/2027(c)
|
|
520,046
|
520,121
|
|
Total Asset-Backed Securities
(Cost $569,998,549)
|
568,633,719
|
||
|
U.S. Treasury Securities-4.26%
|
|||
|
U.S. Treasury Bills-2.10%(g)
|
|||
|
3.77%, 05/13/2027
|
|
50,000,000
|
48,508,787
|
|
3.96%, 06/10/2027
|
|
20,000,000
|
19,341,941
|
|
4.09%, 07/08/2027
|
|
15,000,000
|
14,453,440
|
|
|
|
|
82,304,168
|
|
U.S. Treasury Notes-2.16%
|
|||
|
4.00%, 05/31/2028
|
|
45,000,000
|
44,793,457
|
|
4.13%, 06/30/2028
|
|
40,000,000
|
39,898,437
|
|
|
|
|
84,691,894
|
|
Total U.S. Treasury Securities
(Cost $167,211,399)
|
166,996,062
|
||
|
Certificates of Deposit-1.67%
|
|||
|
Diversified Banks-1.67%
|
|||
|
Banco Bilbao Vizcaya Argentaria S.A.,
4.79%, 10/27/2027
|
|
20,000,000
|
19,985,076
|
|
Intesa Sanpaolo S.p.A. (Italy)
|
|
|
|
|
4.66% (SOFR + 1.00%), 10/16/2026(c)
|
|
15,500,000
|
15,518,383
|
|
4.45% , 07/19/2027
|
|
15,000,000
|
14,997,176
|
|
Royal Bank of Canada, 4.44%,
07/20/2027
|
|
15,000,000
|
15,012,076
|
|
Total Certificates of Deposit
(Cost $65,500,000)
|
65,512,711
|
||
|
|
Shares
|
|
|
|
Exchange-Traded Funds-0.23%
|
|||
|
Invesco AAA CLO Floating Rate
Note ETF(d)(h)
|
|
274,672
|
7,026,110
|
|
Invesco Short Duration Total Return Bond
ETF(d)(h)
|
|
90,000
|
2,240,550
|
|
Total Exchange-Traded Funds
(Cost $9,322,542)
|
9,266,660
|
||
|
|
Principal
Amount
|
|
|
|
Commercial Paper-12.21%(g)
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
|
|
|
4.12%–4.17%, 08/03/2026(b)
|
$
|
16,750,000
|
16,744,591
|
|
4.17%, 08/07/2026(b)
|
|
10,000,000
|
9,992,456
|
|
Ares Capital Corp., 4.27%, 08/12/2026(b)
|
|
20,000,000
|
19,971,992
|
|
Arrow Electronics, Inc., 4.23%,
08/05/2026(b)
|
|
20,000,000
|
19,988,992
|
|
Bayer Corp.
|
|
|
|
|
4.54%, 08/03/2026(b)
|
|
12,000,000
|
11,996,009
|
|
4.41%, 11/09/2026(b)
|
|
15,000,000
|
14,825,536
|
|
Brookfield BRP Holdings Canada, Inc.,
4.17%, 08/18/2026
|
|
19,000,000
|
18,962,355
|
|
Brookfield Corporate Treasury Ltd.,
4.02%, 09/01/2026(b)
|
|
14,300,000
|
14,249,232
|
|
|
Principal
Amount
|
Value
|
|
|
Brookfield Infrastructure Holdings Canada,
Inc., 4.12%, 09/09/2026
|
$
|
13,000,000
|
$12,940,633
|
|
Brunswick Corp.
|
|
|
|
|
4.30%, 08/04/2026(b)
|
|
10,000,000
|
9,995,176
|
|
4.28%, 08/06/2026(b)
|
|
9,000,000
|
8,993,480
|
|
General Motors Financial Co., Inc., 4.14%,
08/06/2026(b)
|
|
4,500,000
|
4,497,123
|
|
Genuine Parts Co.
|
|
|
|
|
4.44%, 08/05/2026(b)
|
|
5,000,000
|
4,997,070
|
|
4.39%, 08/10/2026(b)
|
|
10,000,000
|
9,988,165
|
|
4.41%, 08/18/2026(b)
|
|
12,000,000
|
11,973,886
|
|
Gildan Activewear, Inc.
|
|
|
|
|
4.23%, 08/03/2026(b)
|
|
5,000,000
|
4,998,292
|
|
4.27%, 08/04/2026(b)
|
|
20,000,000
|
19,990,370
|
|
4.29%, 08/10/2026(b)
|
|
20,000,000
|
19,976,928
|
|
Global Payments, Inc.
|
|
|
|
|
4.18%, 08/03/2026
|
|
20,000,000
|
19,993,166
|
|
4.18%, 08/04/2026
|
|
20,000,000
|
19,990,866
|
|
4.18%, 08/06/2026
|
|
8,000,000
|
7,994,494
|
|
4.18%, 08/07/2026
|
|
1,750,000
|
1,748,591
|
|
HA Sustainable Infrastructure Capital, Inc.,
4.15%, 08/20/2026(b)
|
|
20,000,000
|
19,960,806
|
|
HCA, Inc., 4.47%, 11/10/2026(b)
|
|
14,000,000
|
13,827,132
|
|
Intesa Sanpaolo Funding LLC, 4.04%,
10/02/2026
|
|
15,000,000
|
14,891,142
|
|
Keurig Dr Pepper, Inc.
|
|
|
|
|
4.26%, 08/17/2026(b)
|
|
15,000,000
|
14,970,331
|
|
4.28%, 08/24/2026(b)
|
|
11,500,000
|
11,467,417
|
|
4.43%, 09/09/2026(b)
|
|
14,000,000
|
13,933,682
|
|
MUFG Securities Canada Ltd.
|
|
|
|
|
4.15%, 08/05/2026(b)
|
|
6,000,000
|
5,996,905
|
|
4.14%, 10/01/2026(b)
|
|
14,000,000
|
13,908,024
|
|
RWE AG
|
|
|
|
|
4.46%, 01/21/2027(b)
|
|
20,000,000
|
19,594,000
|
|
4.60%, 04/19/2027(b)
|
|
20,000,000
|
19,375,276
|
|
TELUS Corp.
|
|
|
|
|
4.43%, 08/21/2026(b)
|
|
20,000,000
|
19,951,436
|
|
4.39%, 01/12/2027(b)
|
|
11,000,000
|
10,779,932
|
|
Washington Morgan Capital Co. LLC,
Series A, 4.27% (SOFR + 0.50%),
09/10/2026(b)(c)
|
|
15,000,000
|
15,001,717
|
|
Total Commercial Paper
(Cost $478,460,830)
|
478,467,203
|
||
|
|
Repurchase
Amount
|
|
|
|
Repurchase Agreements-1.02%(i)
|
|||
|
CF Secured LLC, joint open agreement
dated 02/07/2025 (collateralized by
agency and non-agency asset-backed
securities, agency and non-agency
mortgage-backed securities and a
corporate obligation valued at
$27,515,452; 2.00% - 9.41%;
06/15/2028 - 04/20/2069), (SOFR +
0.75%), 4.40%, 08/03/2026(j)
|
|
10,040,069
|
10,000,000
|
|
|
Repurchase
Amount
|
Value
|
|
|
Nomura Securities International, Inc., joint
term agreement dated 07/23/2026,
aggregate maturing value of
$30,010,950 (collateralized by
non-agency asset-backed securities and
non-agency mortgage-backed securities
valued at $33,000,000; 0.00% -
10.18%; 06/25/2030 - 07/25/2071),
(OBFR01 + 0.75%), 4.38%,
08/03/2026(k)
|
$
|
15,005,475
|
$15,000,000
|
|
Santander US Capital Markets LLC, joint
term agreement dated 07/22/2026,
aggregate maturing value of
$30,010,876 (collateralized by
non-agency asset-backed securities and
an agency mortgage-backed security
valued at $33,358,756; 3.02% -
14.05%; 09/15/2027 - 09/20/2055),
(SOFR + 0.70%), 4.35%,
08/03/2026(k)
|
|
15,005,438
|
15,000,000
|
|
Total Repurchase Agreements
(Cost $40,000,000)
|
40,000,000
|
||
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.89%
(Cost $3,917,632,711)
|
3,915,422,547
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-0.69%
|
|||
|
Invesco Private Government Fund,
3.69%(h)(l)(m)
|
|
7,479,835
|
$7,479,835
|
|
Invesco Private Prime Fund, 3.82%(h)(l)(m)
|
|
19,447,964
|
19,449,909
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $26,929,444)
|
26,929,744
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.58%
(Cost $3,944,562,155)
|
3,942,352,291
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.58)%
|
(22,728,411
)
|
||
|
NET ASSETS-100.00%
|
$3,919,623,880
|
||
|
Investment Abbreviations:
|
|
|
ETF
|
-Exchange-Traded Fund
|
|
REIT
|
-Real Estate Investment Trust
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $1,664,210,785, which represented 42.46% of the Fund’s Net Assets.
|
|
(c)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(d)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(e)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(f)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on July 31, 2026.
|
|
(g)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(h)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco AAA CLO Floating
Rate Note ETF
|
$7,027,483
|
$-
|
$-
|
$(1,373
)
|
$-
|
$7,026,110
|
$252,635
|
|
Invesco Short Duration
Total Return Bond ETF
|
251,081
|
2,012,792
|
-
|
(23,323
)
|
-
|
2,240,550
|
73,342
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$2,769,608
|
$93,979,084
|
$(89,268,857
)
|
$-
|
$-
|
$7,479,835
|
$360,014
*
|
|
Invesco Private Prime
Fund
|
7,209,383
|
207,517,752
|
(195,276,603
)
|
300
|
(923
)
|
19,449,909
|
403,222
*
|
|
Total
|
$17,257,555
|
$303,509,628
|
$(284,545,460
)
|
$(24,396
)
|
$(923
)
|
$36,196,404
|
$1,089,213
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(i)
|
Principal amount equals value at period end.
|
|
(j)
|
Either party may terminate the agreement upon demand. Interest rate, principal amount
and collateral are redetermined periodically. The Maturity Date
represents the next reset date, and the Repurchase Amount is calculated based on the
next reset date.
|
|
(k)
|
Interest rate is redetermined periodically. The Maturity Date represents the next
reset date, and the Repurchase Amount is calculated based on the next reset
date.
|
|
(l)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(m)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-31.01%
|
|||
|
Automobile Manufacturers-2.15%
|
|||
|
Daimler Truck Finance North America LLC
(Germany)
|
|
|
|
|
4.62% (SOFR + 0.96%),
09/25/2027(b)(c)
|
$
|
4,250,000
|
$4,268,492
|
|
4.50% (SOFR + 0.84%),
01/13/2028(b)(c)
|
|
4,000,000
|
4,012,050
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
5.13% (SOFR + 1.45%),
11/05/2026(c)
|
|
7,625,000
|
7,637,198
|
|
5.69% (SOFR + 2.03%),
03/20/2028(c)(d)
|
|
2,540,000
|
2,575,543
|
|
Hyundai Capital America
|
|
|
|
|
5.16% (SOFR + 1.50%),
01/08/2027(b)(c)
|
|
4,700,000
|
4,718,838
|
|
4.70% (SOFR + 1.04%),
06/24/2027(b)(c)
|
|
5,225,000
|
5,247,903
|
|
4.58% (SOFR + 0.92%),
01/07/2028(b)(c)
|
|
3,000,000
|
3,007,795
|
|
Volkswagen Group of America
Finance LLC (Germany), 4.72% (SOFR
+ 1.06%), 03/25/2027(b)(c)
|
|
8,000,000
|
8,021,359
|
|
|
|
|
39,489,178
|
|
Commercial & Residential Mortgage Finance-1.04%
|
|||
|
Nationwide Building Society (United
Kingdom)
|
|
|
|
|
4.92% (SOFR + 1.29%),
02/16/2028(b)(c)(d)
|
|
4,000,000
|
4,013,860
|
|
4.74% (SOFR + 1.07%),
07/14/2029(b)(c)
|
|
5,000,000
|
5,029,107
|
|
4.67% (SOFR + 1.01%),
09/30/2030(b)(c)
|
|
10,000,000
|
10,047,839
|
|
|
|
|
19,090,806
|
|
Consumer Finance-1.48%
|
|||
|
American Express Co., 4.61% (SOFR +
0.93%), 07/26/2028(c)
|
|
4,075,000
|
4,092,227
|
|
General Motors Financial Co., Inc.
|
|
|
|
|
4.68% (SOFR + 1.04%),
02/26/2027(c)
|
|
7,597,000
|
7,613,387
|
|
4.98% (SOFR + 1.35%),
05/08/2027(c)
|
|
6,500,000
|
6,531,514
|
|
4.72% (SOFR + 1.05%),
07/15/2027(c)
|
|
4,000,000
|
4,009,285
|
|
4.83% (SOFR + 1.17%),
04/04/2028(c)(d)
|
|
5,000,000
|
5,023,623
|
|
|
|
|
27,270,036
|
|
Diversified Banks-16.69%
|
|||
|
ABN AMRO Bank N.V. (Netherlands)
|
|
|
|
|
5.44% (SOFR + 1.78%),
09/18/2027(b)(c)(d)
|
|
7,000,000
|
7,012,119
|
|
4.65% (SOFR + 1.00%),
12/03/2028(b)(c)
|
|
7,600,000
|
7,627,815
|
|
Banco Santander S.A. (Spain)
|
|
|
|
|
5.03% (SOFR + 1.38%),
03/14/2028(c)
|
|
1,200,000
|
1,204,735
|
|
4.78% (SOFR + 1.12%),
07/15/2028(c)(d)
|
|
5,000,000
|
5,027,633
|
|
4.65% (SOFR + 0.99%),
04/15/2029(c)
|
|
6,200,000
|
6,243,107
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Bank of America Corp.
|
|
|
|
|
4.69% (3 mo. Term SOFR + 1.02%),
09/15/2026(c)
|
$
|
2,706,000
|
$2,707,665
|
|
4.73% (SOFR + 1.05%),
02/04/2028(c)(d)
|
|
1,685,000
|
1,690,115
|
|
4.51% (SOFR + 0.83%),
01/24/2029(c)
|
|
200,000
|
200,625
|
|
4.74% (SOFR + 1.11%),
05/09/2029(c)
|
|
1,500,000
|
1,512,425
|
|
Series N, 4.56% (SOFR + 0.88%),
04/23/2030(c)
|
|
7,500,000
|
7,513,899
|
|
Bank of Montreal (Canada), 4.54% (SOFR
+ 0.86%), 01/27/2029(c)
|
|
125,000
|
125,463
|
|
Bank of Nova Scotia (The) (Canada)
|
|
|
|
|
5.25% 06/12/2028
|
|
2,500,000
|
2,533,319
|
|
4.52% (SOFR + 0.89%),
02/14/2029(c)
|
|
5,625,000
|
5,647,696
|
|
Banque Federative du Credit Mutuel S.A.
(France)
|
|
|
|
|
4.48% (SOFR + 0.82%),
07/09/2029(b)(c)
|
|
7,500,000
|
7,507,780
|
|
4.90% (SOFR + 1.23%),
01/22/2030(b)(c)
|
|
5,000,000
|
5,066,297
|
|
Barclays PLC (United Kingdom)
|
|
|
|
|
5.54% (SOFR + 1.88%),
09/13/2027(c)(d)
|
|
2,750,000
|
2,754,429
|
|
5.15% (SOFR + 1.49%),
03/12/2028(c)
|
|
6,500,000
|
6,534,049
|
|
BNP Paribas S.A. (France), 5.06% (SOFR
+ 1.43%), 05/09/2029(b)(c)
|
|
6,250,000
|
6,313,722
|
|
BPCE S.A. (France), 5.65% (SOFR +
1.98%), 10/19/2027(b)(c)
|
|
6,250,000
|
6,268,778
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
|
|
|
4.38% (SOFR + 0.72%),
01/13/2028(c)
|
|
5,000,000
|
5,006,185
|
|
4.69% (SOFR + 1.03%),
03/30/2029(c)(d)
|
|
4,000,000
|
4,025,104
|
|
Citigroup, Inc.
|
|
|
|
|
4.92% (SOFR + 1.28%),
02/24/2028(c)(d)
|
|
6,077,000
|
6,103,174
|
|
4.52% (SOFR + 0.87%),
03/04/2029(c)
|
|
3,274,000
|
3,281,837
|
|
5.09% (SOFR + 1.46%),
05/07/2031(c)
|
|
8,990,000
|
9,158,954
|
|
Credit Agricole S.A. (France), 4.86%
(SOFR + 1.21%), 09/11/2028(b)(c)
|
|
75,000
|
75,471
|
|
Fifth Third Bank N.A., 4.49% (SOFR +
0.81%), 01/28/2028(c)
|
|
2,634,000
|
2,636,910
|
|
Goldman Sachs Bank USA, 4.37% (SOFR
+ 0.72%), 06/03/2029(c)
|
|
6,500,000
|
6,509,639
|
|
HSBC Holdings PLC (United Kingdom)
|
|
|
|
|
4.68% (SOFR + 1.03%),
03/03/2029(c)
|
|
3,636,000
|
3,655,395
|
|
4.92% (SOFR + 1.29%),
11/19/2030(c)
|
|
5,000,000
|
5,054,784
|
|
4.86% (SOFR + 1.21%),
03/10/2032(c)
|
|
7,500,000
|
7,551,581
|
|
Huntington National Bank (The), 4.38%
(SOFR + 0.72%), 04/12/2028(c)
|
|
3,103,000
|
3,104,180
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
ING Groep N.V. (Netherlands)
|
|
|
|
|
5.21% (SOFR + 1.56%),
09/11/2027(c)
|
$
|
6,575,000
|
$6,581,553
|
|
4.67% (SOFR + 1.01%),
03/25/2029(c)
|
|
5,000,000
|
5,026,584
|
|
JPMorgan Chase & Co.
|
|
|
|
|
4.82% (SOFR + 1.18%),
02/24/2028(c)
|
|
3,500,000
|
3,514,693
|
|
4.59% (SOFR + 0.92%),
04/22/2028(c)
|
|
7,500,000
|
7,525,715
|
|
4.60% (SOFR + 0.93%),
07/22/2028(c)
|
|
5,000,000
|
5,026,076
|
|
4.47% (SOFR + 0.80%),
01/24/2029(c)
|
|
5,200,000
|
5,219,046
|
|
4.51% (SOFR + 0.84%),
01/22/2032(c)(d)
|
|
2,800,000
|
2,791,489
|
|
Lloyds Banking Group PLC (United
Kingdom)
|
|
|
|
|
5.19% (SOFR + 1.56%),
08/07/2027(c)
|
|
3,158,000
|
3,158,426
|
|
5.24% (SOFR + 1.58%),
01/05/2028(c)
|
|
4,575,000
|
4,596,802
|
|
4.70% (SOFR + 1.06%),
11/26/2028(c)
|
|
125,000
|
125,679
|
|
Mitsubishi Ufj Financial Group, Inc.
(Japan), 4.51% (SOFR + 0.84%),
07/24/2030(c)
|
|
5,000,000
|
4,999,984
|
|
Mitsubishi UFJ Financial Group, Inc.
(Japan), 5.15% (SOFR + 1.48%),
04/24/2031(c)
|
|
3,625,000
|
3,699,450
|
|
Mizuho Financial Group, Inc. (Japan)
|
|
|
|
|
4.51% (SOFR + 0.85%),
07/13/2030(c)
|
|
8,000,000
|
7,996,422
|
|
4.71% (SOFR + 1.08%),
05/13/2031(c)
|
|
5,000,000
|
5,029,780
|
|
Morgan Stanley Bank N.A.
|
|
|
|
|
4.51% (SOFR + 0.87%),
05/26/2028(c)
|
|
3,200,000
|
3,204,937
|
|
4.61% (SOFR + 0.94%),
07/14/2028(c)
|
|
5,000,000
|
5,019,311
|
|
4.61% (SOFR + 0.98%),
05/10/2030(c)
|
|
6,496,000
|
6,533,056
|
|
Morgan Stanley Private Bank N.A., 4.40%
(SOFR + 0.77%), 02/08/2030(c)
|
|
5,000,000
|
4,986,520
|
|
NatWest Group PLC (United Kingdom),
4.93% (SOFR + 1.30%),
11/15/2028(c)
|
|
3,500,000
|
3,526,295
|
|
NatWest Markets PLC (United Kingdom),
4.59% (SOFR + 0.93%),
03/27/2029(b)(c)(d)
|
|
5,000,000
|
5,023,542
|
|
PNC Financial Services Group, Inc. (The),
4.36% (SOFR + 0.68%),
10/26/2029(c)
|
|
6,500,000
|
6,495,552
|
|
Royal Bank of Canada (Canada), 4.53%
(SOFR + 0.86%), 10/18/2028(c)
|
|
200,000
|
200,851
|
|
Skandinaviska Enskilda Banken AB
(Sweden), 4.71% (SOFR + 1.06%),
09/03/2030(b)(c)(d)
|
|
7,500,000
|
7,543,642
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks-(continued)
|
|||
|
Societe Generale S.A. (France)
|
|
|
|
|
4.74% (SOFR + 1.10%),
02/19/2027(b)(c)
|
$
|
2,000,000
|
$2,008,638
|
|
5.33% (SOFR + 1.66%),
01/19/2028(b)(c)
|
|
5,575,000
|
5,602,483
|
|
5.06% (SOFR + 1.42%),
05/22/2029(b)(c)(d)
|
|
4,000,000
|
4,035,329
|
|
4.76% (SOFR + 1.10%),
04/12/2030(b)(c)
|
|
3,000,000
|
3,006,876
|
|
Standard Chartered Bank (United
Kingdom), 4.31% (SOFR + 0.65%),
10/08/2026(c)
|
|
3,000,000
|
3,002,269
|
|
Standard Chartered PLC (United
Kingdom)
|
|
|
|
|
5.66% (SOFR + 2.03%),
02/08/2028(b)(c)
|
|
4,000,000
|
4,029,512
|
|
4.80% (SOFR + 1.17%),
05/14/2028(b)(c)(d)
|
|
4,000,000
|
4,018,102
|
|
4.91% (SOFR + 1.24%),
01/21/2029(b)(c)
|
|
3,500,000
|
3,525,966
|
|
Svenska Handelsbanken AB (Sweden),
4.31% (SOFR + 0.66%),
05/28/2027(b)(c)(d)
|
|
5,475,000
|
5,493,929
|
|
U.S. Bank N.A., 4.54% (SOFR + 0.91%),
05/15/2028(c)(d)
|
|
7,500,000
|
7,523,011
|
|
USB Realty Corp., 5.16% (3 mo. Term
SOFR + 1.41%)(b)(c)(e)
|
|
1,100,000
|
984,589
|
|
Wells Fargo & Co.
|
|
|
|
|
4.45% (SOFR + 0.78%),
01/24/2028(c)
|
|
5,596,000
|
5,607,181
|
|
4.74% (SOFR + 1.07%),
04/22/2028(c)
|
|
7,075,000
|
7,102,786
|
|
5.04% (SOFR + 1.37%),
04/23/2029(c)(d)
|
|
3,750,000
|
3,795,635
|
|
|
|
|
307,216,596
|
|
Diversified Capital Markets-0.91%
|
|||
|
Deutsche Bank AG (Germany)
|
|
|
|
|
4.85% (SOFR + 1.22%),
11/16/2027(c)
|
|
4,050,000
|
4,058,153
|
|
4.87% (SOFR + 1.21%),
01/10/2029(c)
|
|
6,597,000
|
6,622,909
|
|
4.98% (SOFR + 1.30%),
08/04/2031(c)(d)
|
|
6,000,000
|
6,017,355
|
|
Macquarie Group Ltd. (Australia), 4.58%
(SOFR + 0.92%), 09/23/2027(b)(c)
|
|
75,000
|
75,048
|
|
|
|
|
16,773,465
|
|
Diversified Financial Services-0.09%
|
|||
|
LPL Holdings, Inc., 4.90%, 04/03/2028
|
|
1,629,000
|
1,629,263
|
|
Diversified Metals & Mining-0.51%
|
|||
|
Glencore Funding LLC (Australia)
|
|
|
|
|
4.41% (SOFR + 0.75%),
10/01/2026(b)(c)
|
|
3,214,000
|
3,216,097
|
|
4.72% (SOFR + 1.06%),
04/04/2027(b)(c)
|
|
6,223,000
|
6,248,900
|
|
|
|
|
9,464,997
|
|
Electric Utilities-0.49%
|
|||
|
Consolidated Edison Co. of New York,
Inc., 4.15% (SOFR + 0.52%),
11/18/2027(c)
|
|
1,324,000
|
1,325,879
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities-(continued)
|
|||
|
Georgia Power Co., 3.94% (SOFR +
0.28%), 09/15/2026(c)(d)
|
$
|
3,679,000
|
$3,679,319
|
|
National Rural Utilities Cooperative
Finance Corp., 4.48% (SOFR + 0.82%),
09/16/2027(c)
|
|
4,000,000
|
4,020,126
|
|
|
|
|
9,025,324
|
|
Integrated Telecommunication Services-0.70%
|
|||
|
NTT Finance Corp. (Japan)
|
|
|
|
|
4.74% (SOFR + 1.08%),
07/16/2028(b)(c)
|
|
2,333,000
|
2,350,461
|
|
4.49% (SOFR + 0.83%),
06/20/2029(b)(c)(d)
|
|
5,625,000
|
5,626,320
|
|
4.69% (SOFR + 1.03%),
06/20/2031(b)(c)
|
|
5,000,000
|
4,998,644
|
|
|
|
|
12,975,425
|
|
Investment Banking & Brokerage-1.80%
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
|
4.47% (SOFR + 0.82%),
09/10/2027(c)
|
|
3,500,000
|
3,501,044
|
|
5.85% (3 mo. Term SOFR + 2.01%),
10/28/2027(c)
|
|
1,220,000
|
1,224,752
|
|
5.51% (SOFR + 1.85%),
03/15/2028(c)
|
|
3,500,000
|
3,527,238
|
|
4.96% (SOFR + 1.29%),
04/23/2028(c)
|
|
1,308,000
|
1,315,187
|
|
Morgan Stanley
|
|
|
|
|
4.69% (SOFR + 1.02%),
04/13/2028(c)
|
|
7,500,000
|
7,523,123
|
|
5.05% (SOFR + 1.38%),
04/12/2029(c)
|
|
3,500,000
|
3,533,505
|
|
4.46% (SOFR + 0.80%),
01/09/2030(c)
|
|
7,500,000
|
7,472,624
|
|
Nomura Holdings, Inc. (Japan), 4.80%
(SOFR + 1.14%), 07/14/2031(c)
|
|
5,000,000
|
5,024,493
|
|
|
|
|
33,121,966
|
|
Life & Health Insurance-3.35%
|
|||
|
Athene Global Funding
|
|
|
|
|
4.68% (SOFR + 1.03%),
08/27/2026(b)(c)
|
|
6,000,000
|
6,002,700
|
|
4.87% (SOFR + 1.21%),
03/25/2027(b)(c)
|
|
5,000,000
|
5,014,940
|
|
4.61% (SOFR + 0.95%),
04/19/2027(b)(c)
|
|
7,500,000
|
7,514,602
|
|
4.60% (SOFR + 0.95%),
03/06/2028(b)(c)
|
|
3,000,000
|
2,996,950
|
|
4.66% (SOFR + 1.00%),
09/18/2028(b)(c)
|
|
8,000,000
|
7,952,801
|
|
Corebridge Global Funding
|
|
|
|
|
4.96% (SOFR + 1.30%),
09/25/2026(b)(c)
|
|
4,320,000
|
4,325,883
|
|
4.41% (SOFR + 0.75%),
01/07/2028(b)(c)
|
|
7,000,000
|
6,994,705
|
|
4.52% (SOFR + 0.86%),
12/15/2028(b)(c)
|
|
5,000,000
|
4,991,360
|
|
F&G Global Funding, 4.98% (SOFR +
1.33%), 09/08/2028(b)(c)
|
|
7,250,000
|
7,280,735
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance-(continued)
|
|||
|
Jackson National Life Global Funding,
4.64% (SOFR + 0.97%),
01/14/2028(b)(c)
|
$
|
5,000,000
|
$5,012,970
|
|
Protective Life Global Funding, 4.50%
(SOFR + 0.85%), 09/11/2028(b)(c)
|
|
3,500,000
|
3,508,895
|
|
|
|
|
61,596,541
|
|
Regional Banks-0.41%
|
|||
|
Santander Holdings USA, Inc., 5.27%
(SOFR + 1.61%), 03/20/2029(c)
|
|
7,500,000
|
7,580,938
|
|
Soft Drinks & Non-alcoholic Beverages-0.60%
|
|||
|
Keurig Dr Pepper, Inc.
|
|
|
|
|
4.21% (SOFR + 0.58%),
11/15/2026(c)
|
|
6,000,000
|
6,001,566
|
|
4.54% (SOFR + 0.88%),
03/15/2027(c)(d)
|
|
5,000,000
|
5,012,012
|
|
|
|
|
11,013,578
|
|
Systems Software-0.27%
|
|||
|
Oracle Corp., 4.79% (SOFR + 1.11%),
02/04/2029(c)
|
|
5,000,000
|
4,957,767
|
|
Technology Hardware, Storage & Peripherals-0.33%
|
|||
|
Hewlett Packard Enterprise Co., 4.64%
(SOFR + 0.98%), 03/23/2028(c)
|
|
6,000,000
|
6,036,964
|
|
Transaction & Payment Processing Services-0.19%
|
|||
|
Fidelity National Information Services,
Inc., 4.86% (SOFR + 1.21%),
03/10/2029(c)(d)
|
|
3,500,000
|
3,512,510
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $568,875,547)
|
570,755,354
|
||
|
|
|||
|
Agency Credit Risk Transfer Notes-24.52%
|
|||
|
Fannie Mae Connecticut Avenue
Securities
|
|
|
|
|
Series 2021-R03, Class 1M2, 5.27%
(30 Day Average SOFR + 1.65%),
12/25/2041(b)(c)(f)
|
|
9,499,702
|
9,519,274
|
|
Series 2022-R02, Class 2M2, 6.62%
(30 Day Average SOFR + 3.00%),
01/25/2042(b)(c)(f)
|
|
12,870,286
|
12,990,560
|
|
Series 2022-R03, Class 1M2, 7.12%
(30 Day Average SOFR + 3.50%),
03/25/2042(b)(c)(f)
|
|
11,850,000
|
12,042,574
|
|
Series 2022-R04, Class 1M2, 6.72%
(30 Day Average SOFR + 3.10%),
03/25/2042(b)(c)(f)
|
|
4,510,000
|
4,567,492
|
|
Series 2022-R05, Class 2M2, 6.62%
(30 Day Average SOFR + 3.00%),
04/25/2042(b)(c)(f)
|
|
8,371,972
|
8,476,376
|
|
Series 2022-R06, Class 1M1, 6.37%
(30 Day Average SOFR + 2.75%),
05/25/2042(b)(c)(f)
|
|
4,034,165
|
4,071,023
|
|
Series 2022-R06, Class 1M2, 7.47%
(30 Day Average SOFR + 3.85%),
05/25/2042(b)(c)(f)
|
|
15,500,000
|
15,857,652
|
|
Series 2022-R07, Class 1M1, 6.57%
(30 Day Average SOFR + 2.95%),
06/25/2042(b)(c)(f)
|
|
716,347
|
723,793
|
|
Series 2022-R08, Class 1M2, 7.22%
(30 Day Average SOFR + 3.60%),
07/25/2042(b)(c)(f)
|
|
8,290,000
|
8,498,973
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2022-R09, Class 2M1, 6.12%
(30 Day Average SOFR + 2.50%),
09/25/2042(b)(c)(f)
|
$
|
5,829,412
|
$5,873,568
|
|
Series 2023-R01, Class 1M2, 7.37%
(30 Day Average SOFR + 3.75%),
12/25/2042(b)(c)(f)
|
|
1,225,000
|
1,270,426
|
|
Series 2023-R02, Class 1M2, 6.97%
(30 Day Average SOFR + 3.35%),
01/25/2043(b)(c)(f)
|
|
700,000
|
722,194
|
|
Series 2023-R03, Class 2M1, 6.12%
(30 Day Average SOFR + 2.50%),
04/25/2043(b)(c)(f)
|
|
7,046,075
|
7,088,239
|
|
Series 2023-R03, Class 2M2, 7.52%
(30 Day Average SOFR + 3.90%),
04/25/2043(b)(c)(f)
|
|
4,046,476
|
4,220,047
|
|
Series 2023-R04, Class 1M1, 5.92%
(30 Day Average SOFR + 2.30%),
05/25/2043(b)(c)(f)
|
|
7,741,551
|
7,848,097
|
|
Series 2023-R04, Class 1M2, 7.17%
(30 Day Average SOFR + 3.55%),
05/25/2043(b)(c)(f)
|
|
6,850,000
|
7,141,911
|
|
Series 2023-R05, Class 1M1, 5.52%
(30 Day Average SOFR + 1.90%),
06/25/2043(b)(c)(f)
|
|
858,952
|
863,411
|
|
Series 2023-R05, Class 1M2, 6.72%
(30 Day Average SOFR + 3.10%),
06/25/2043(b)(c)(f)
|
|
1,100,000
|
1,136,856
|
|
Series 2023-R06, Class 1M1, 5.32%
(30 Day Average SOFR + 1.70%),
07/25/2043(b)(c)(f)
|
|
1,097,214
|
1,099,759
|
|
Series 2023-R06, Class 1M2, 6.32%
(30 Day Average SOFR + 2.70%),
07/25/2043(b)(c)(f)
|
|
5,180,000
|
5,307,889
|
|
Series 2023-R07, Class 2M1, 5.57%
(30 Day Average SOFR + 1.95%),
09/25/2043(b)(c)(f)
|
|
2,650,075
|
2,653,638
|
|
Series 2023-R07, Class 2M2, 6.87%
(30 Day Average SOFR + 3.25%),
09/25/2043(b)(c)(f)
|
|
2,500,000
|
2,572,343
|
|
Series 2023-R08, Class 1M1, 5.12%
(30 Day Average SOFR + 1.50%),
10/25/2043(b)(c)(f)
|
|
1,009,515
|
1,009,941
|
|
Series 2024-R02, Class 1M2, 5.42%
(30 Day Average SOFR + 1.80%),
02/25/2044(b)(c)(f)
|
|
6,986,440
|
7,048,009
|
|
Series 2024-R03, Class 2M1, 4.77%
(30 Day Average SOFR + 1.15%),
03/25/2044(b)(c)(f)
|
|
771,458
|
771,528
|
|
Series 2024-R03, Class 2M2, 5.57%
(30 Day Average SOFR + 1.95%),
03/25/2044(b)(c)(f)
|
|
9,173,000
|
9,249,539
|
|
Series 2024-R04, Class 1M2, 5.27%
(30 Day Average SOFR + 1.65%),
05/25/2044(b)(c)(f)
|
|
4,257,055
|
4,272,273
|
|
Series 2024-R05, Class 2M2, 5.32%
(30 Day Average SOFR + 1.70%),
07/25/2044(b)(c)(f)
|
|
7,516,844
|
7,535,048
|
|
Series 2025-R01, Class 1A1, 4.57%
(30 Day Average SOFR + 0.95%),
01/25/2045(b)(c)(f)
|
|
6,746,534
|
6,750,935
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-R02, Class 1M1, 4.77%
(30 Day Average SOFR + 1.15%),
02/25/2045(b)(c)(f)
|
$
|
1,220,445
|
$1,220,669
|
|
Series 2025-R02, Class 1M2, 5.22%
(30 Day Average SOFR + 1.60%),
02/25/2045(b)(c)(f)
|
|
1,888,000
|
1,895,459
|
|
Series 2025-R03, Class 2M1, 5.22%
(30 Day Average SOFR + 1.60%),
03/25/2045(b)(c)(f)
|
|
2,140,252
|
2,142,016
|
|
Series 2025-R03, Class 2M2, 5.87%
(30 Day Average SOFR + 2.25%),
03/25/2045(b)(c)(f)
|
|
11,508,000
|
11,635,902
|
|
Series 2025-R04, Class 1M1, 4.82%
(30 Day Average SOFR + 1.20%),
05/25/2045(b)(c)(f)
|
|
4,659,738
|
4,664,320
|
|
Series 2025-R04, Class 1M2, 5.12%
(30 Day Average SOFR + 1.50%),
05/25/2045(b)(c)(f)
|
|
2,575,000
|
2,584,219
|
|
Series 2025-R05, Class 2A1, 4.62%
(30 Day Average SOFR + 1.00%),
07/25/2045(b)(c)(f)
|
|
2,214,543
|
2,218,231
|
|
Series 2025-R05, Class 2M1, 4.82%
(30 Day Average SOFR + 1.20%),
07/25/2045(b)(c)(f)
|
|
6,640,043
|
6,642,460
|
|
Series 2025-R06, Class 1A1, 4.52%
(30 Day Average SOFR + 0.90%),
09/25/2045(b)(c)(f)
|
|
3,745,811
|
3,747,360
|
|
Series 2025-R06, Class 1M1, 4.57%
(30 Day Average SOFR + 0.95%),
09/25/2045(b)(c)(f)
|
|
3,389,625
|
3,386,869
|
|
Series 2026-R01, Class 2M1, 4.62%
(30 Day Average SOFR + 1.00%),
01/25/2046(b)(c)(f)
|
|
7,347,748
|
7,349,645
|
|
Series 2026-R02, Class 1M1, 4.67%
(30 Day Average SOFR + 1.05%),
02/25/2046(b)(c)(f)
|
|
5,293,378
|
5,293,661
|
|
Series 2026-R03, Class 2M1, 4.87%
(30 Day Average SOFR + 1.25%),
04/25/2046(b)(c)(f)
|
|
8,856,872
|
8,873,017
|
|
Series 2026-R03, Class 2M2, 5.17%
(30 Day Average SOFR + 1.55%),
04/25/2046(b)(c)(f)
|
|
1,500,000
|
1,510,998
|
|
Freddie Mac
|
|
|
|
|
Series 2021-DNA5, Class M2, STACR®,
5.27% (30 Day Average SOFR +
1.65%), 01/25/2034(b)(c)(g)
|
|
520,212
|
520,910
|
|
Series 2021-DNA6, Class M2, STACR®,
5.12% (30 Day Average SOFR +
1.50%), 10/25/2041(b)(c)(g)
|
|
3,727,428
|
3,732,298
|
|
Series 2021-DNA7, Class M2, STACR®,
5.42% (30 Day Average SOFR +
1.80%), 11/25/2041(b)(c)(g)
|
|
2,610,527
|
2,618,134
|
|
Series 2021-HQA3, Class M1, STACR®,
4.47% (30 Day Average SOFR +
0.85%), 09/25/2041(b)(c)(g)
|
|
3,753,050
|
3,751,042
|
|
Series 2022-DNA1, Class M2, STACR®,
6.12% (30 Day Average SOFR +
2.50%), 01/25/2042(b)(c)(g)
|
|
5,834,000
|
5,871,826
|
|
Series 2022-DNA2, Class M1A,
STACR®, 4.92% (30 Day Average
SOFR + 1.30%), 02/25/2042(b)(c)(g)
|
|
251,589
|
251,601
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2022-DNA2, Class M2, STACR®,
7.37% (30 Day Average SOFR +
3.75%), 02/25/2042(b)(c)(g)
|
$
|
13,846,000
|
$14,057,560
|
|
Series 2022-DNA3, Class M1B,
STACR®, 6.52% (30 Day Average
SOFR + 2.90%), 04/25/2042(b)(c)(g)
|
|
9,343,000
|
9,468,663
|
|
Series 2022-DNA3, Class M2, STACR®,
7.97% (30 Day Average SOFR +
4.35%), 04/25/2042(b)(c)(g)
|
|
2,000,000
|
2,048,889
|
|
Series 2022-DNA4, Class M1A,
STACR®, 5.82% (30 Day Average
SOFR + 2.20%), 05/25/2042(b)(c)(g)
|
|
1,799,353
|
1,806,931
|
|
Series 2022-DNA4, Class M2, STACR®,
8.87% (30 Day Average SOFR +
5.25%), 05/25/2042(b)(c)(g)
|
|
10,000,000
|
10,342,734
|
|
Series 2022-DNA5, Class M1, STACR®,
8.12% (30 Day Average SOFR +
4.50%), 06/25/2042(b)(c)(g)
|
|
9,283,103
|
9,579,720
|
|
Series 2022-DNA5, Class M1A,
STACR®, 6.57% (30 Day Average
SOFR + 2.95%), 06/25/2042(b)(c)(g)
|
|
3,470,952
|
3,507,033
|
|
Series 2022-DNA5, Class M2, STACR®,
10.37% (30 Day Average SOFR +
6.75%), 06/25/2042(b)(c)(g)
|
|
8,500,000
|
8,937,670
|
|
Series 2022-DNA6, Class M1, STACR®,
5.77% (30 Day Average SOFR +
2.15%), 09/25/2042(b)(c)(g)
|
|
252,385
|
252,711
|
|
Series 2022-DNA6, Class M1, STACR®,
7.32% (30 Day Average SOFR +
3.70%), 09/25/2042(b)(c)(g)
|
|
2,750,000
|
2,825,008
|
|
Series 2022-HQA2, Class M1,
STACR®, 6.27% (30 Day Average
SOFR + 2.65%), 07/25/2042(b)(c)(g)
|
|
362,874
|
367,411
|
|
Series 2022-HQA3, Class M1, STACR®,
7.17% (30 Day Average SOFR +
3.55%), 08/25/2042(b)(c)(g)
|
|
2,905,000
|
2,984,423
|
|
Series 2023-DNA1, Class M1, STACR®,
6.72% (30 Day Average SOFR +
3.10%), 03/25/2043(b)(c)(g)
|
|
9,125,000
|
9,405,328
|
|
Series 2023-DNA1, Class M1, STACR®,
5.72% (30 Day Average SOFR +
2.10%), 03/25/2043(b)(c)(g)
|
|
11,444,880
|
11,566,338
|
|
Series 2023-DNA2, Class M1, STACR®,
6.87% (30 Day Average SOFR +
3.25%), 04/25/2043(b)(c)(g)
|
|
9,268,982
|
9,602,465
|
|
Series 2023-HQA1, Class M1, STACR®,
5.62% (30 Day Average SOFR +
2.00%), 05/25/2043(b)(c)(g)
|
|
1,785,608
|
1,794,234
|
|
Series 2023-HQA2, Class M1, STACR®,
5.62% (30 Day Average SOFR +
2.00%), 06/25/2043(b)(c)(g)
|
|
214,769
|
214,991
|
|
Series 2023-HQA2, Class M1, STACR®,
6.97% (30 Day Average SOFR +
3.35%), 06/25/2043(b)(c)(g)
|
|
2,500,000
|
2,569,004
|
|
Series 2023-HQA3, Class A1, STACR®,
5.47% (30 Day Average SOFR +
1.85%), 11/25/2043(b)(c)(g)
|
|
6,897,567
|
6,932,970
|
|
Series 2023-HQA3, Class M2, STACR®,
5.47% (30 Day Average SOFR +
1.85%), 11/25/2043(b)(c)(g)
|
|
7,526,092
|
7,562,540
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2023-HQA3, Class M2, STACR®,
6.97% (30 Day Average SOFR +
3.35%), 11/25/2043(b)(c)(g)
|
$
|
6,000,000
|
$6,237,611
|
|
Series 2024-DNA1, Class A1, STACR®,
4.97% (30 Day Average SOFR +
1.35%), 02/25/2044(b)(c)(g)
|
|
885,033
|
888,985
|
|
Series 2024-DNA1, Class M2, STACR®,
5.57% (30 Day Average SOFR +
1.95%), 02/25/2044(b)(c)(g)
|
|
2,880,000
|
2,906,948
|
|
Series 2024-DNA2, Class A1, STACR®,
4.87% (30 Day Average SOFR +
1.25%), 05/25/2044(b)(c)(g)
|
|
9,183,941
|
9,225,848
|
|
Series 2024-DNA2, Class M1, STACR®,
4.82% (30 Day Average SOFR +
1.20%), 05/25/2044(b)(c)(g)
|
|
2,864,055
|
2,865,050
|
|
Series 2024-DNA3, Class A1, STACR®,
4.67% (30 Day Average SOFR +
1.05%), 10/25/2044(b)(c)(g)
|
|
500,000
|
500,800
|
|
Series 2024-DNA3, Class M2, STACR®,
5.07% (30 Day Average SOFR +
1.45%), 10/25/2044(b)(c)(g)
|
|
36,283
|
36,274
|
|
Series 2024-HQA1, Class A1, STACR®,
4.87% (30 Day Average SOFR +
1.25%), 03/25/2044(b)(c)(g)
|
|
8,695,209
|
8,725,809
|
|
Series 2024-HQA1, Class M1, STACR®,
4.87% (30 Day Average SOFR +
1.25%), 03/25/2044(b)(c)(g)
|
|
897,170
|
897,843
|
|
Series 2024-HQA1, Class M2, STACR®,
5.62% (30 Day Average SOFR +
2.00%), 03/25/2044(b)(c)(g)
|
|
7,500,000
|
7,568,753
|
|
Series 2024-HQA2, Class M1, STACR®,
4.82% (30 Day Average SOFR +
1.20%), 08/25/2044(b)(c)(g)
|
|
4,355,679
|
4,356,341
|
|
Series 2025-DNA1, Class A1, STACR®,
4.57% (30 Day Average SOFR +
0.95%), 01/25/2045(b)(c)(g)
|
|
1,112,500
|
1,113,654
|
|
Series 2025-DNA2, Class A1, STACR®,
4.72% (30 Day Average SOFR +
1.10%), 05/25/2045(b)(c)(g)
|
|
800,800
|
803,174
|
|
Series 2025-DNA2, Class M1, STACR®,
4.82% (30 Day Average SOFR +
1.20%), 05/25/2045(b)(c)(g)
|
|
683,028
|
683,146
|
|
Series 2025-DNA4, Class A1, STACR®,
4.52% (30 Day Average SOFR +
0.90%), 10/25/2045(b)(c)(g)
|
|
1,679,438
|
1,680,264
|
|
Series 2025-DNA4, Class M1, STACR®,
4.72% (30 Day Average SOFR +
1.10%), 10/25/2045(b)(c)(g)
|
|
3,892,465
|
3,903,117
|
|
Series 2025-HQA1, Class A1, STACR®,
4.57% (30 Day Average SOFR +
0.95%), 02/25/2045(b)(c)(g)
|
|
7,546,875
|
7,554,855
|
|
Series 2025-HQA1, Class M1, STACR®,
4.77% (30 Day Average SOFR +
1.15%), 02/25/2045(b)(c)(g)
|
|
7,298,208
|
7,299,846
|
|
Series 2026-DNA2, Class M1, STACR®,
4.82% (30 Day Average SOFR +
1.20%), 03/25/2046(b)(c)(g)
|
|
8,273,470
|
8,283,637
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2026-HQA1, Class A1, STACR®,
4.62% (30 Day Average SOFR +
1.00%), 05/25/2046(b)(c)(g)
|
$
|
8,505,375
|
$8,536,074
|
|
Series 2026-HQA1, Class M1,
STACR®, 4.87% (30 Day Average
SOFR + 1.25%), 05/25/2046(b)(c)(g)
|
|
10,276,817
|
10,293,093
|
|
Total Agency Credit Risk Transfer Notes
(Cost $451,141,354)
|
451,281,750
|
||
|
|
|||
|
Asset-Backed Securities-18.59%
|
|||
|
Adjustable Rate Mortgage Trust,
Series 2004-2, Class 6A1, 0.71%,
02/25/2035(h)
|
|
267
|
266
|
|
Affirm Asset Securitization Trust,
Series 2025-X1, Class D, 6.11%,
04/15/2030(b)
|
|
4,750,000
|
4,768,943
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
Series 2025-5, Class A1, 5.57%,
04/25/2070(b)
|
|
2,947,547
|
2,946,482
|
|
Series 2025-HB1, Class A1, 5.42%
(30 Day Average SOFR + 1.80%),
02/25/2055(b)(c)
|
|
1,052,263
|
1,059,441
|
|
Arby’s Funding LLC, Series 2020-1A,
Class A2, 3.24%, 07/30/2050(b)
|
|
1,724,625
|
1,679,345
|
|
BBCMS Mortgage Trust, Series 2019-
BWAY, Class B, 5.10% (1 mo. Term
SOFR + 1.42%), 11/15/2034(b)(c)
|
|
3,250,000
|
153,460
|
|
Bear Stearns Adjustable Rate Mortgage
Trust
|
|
|
|
|
Series 2003-7, Class 6A, 5.44%,
10/25/2033(h)
|
|
51,572
|
50,164
|
|
Series 2003-8, Class 4A1, 6.14%,
01/25/2034(h)
|
|
86,533
|
83,743
|
|
BRAVO Residential Funding Trust
|
|
|
|
|
Series 2025-NQM3, Class A1, 5.57%,
03/25/2065(b)
|
|
3,977,646
|
3,989,393
|
|
Series 2026-NQM6, Class A1, 4.87%
(30 Day Average SOFR + 1.25%),
05/25/2066(b)(c)
|
|
4,974,746
|
4,977,794
|
|
BX Commercial Mortgage Trust
|
|
|
|
|
Series 2021-ACNT, Class B, 5.04% (1
mo. Term SOFR + 1.36%),
11/15/2038(b)(c)
|
|
3,384,403
|
3,384,736
|
|
Series 2024-MF, Class A, 5.12% (1 mo.
Term SOFR + 1.44%),
02/15/2039(b)(c)
|
|
8,854,545
|
8,875,539
|
|
Series 2026-CSMO, Class A, 5.08% (1
mo. Term SOFR + 1.40%),
02/15/2043(b)(c)
|
|
6,000,000
|
6,024,859
|
|
BX Trust
|
|
|
|
|
Series 2021-BXMF, Class A, 4.43% (1
mo. Term SOFR + 0.75%),
10/15/2026(b)(c)
|
|
1,938,494
|
1,937,979
|
|
Series 2024-VLT4, Class A, 5.17% (1
mo. Term SOFR + 1.49%),
06/15/2041(b)(c)
|
|
4,797,500
|
4,797,827
|
|
Series 2025-VLT7, Class A, 5.38% (1
mo. Term SOFR + 1.70%),
07/15/2044(b)(c)
|
|
4,000,000
|
3,995,007
|
|
Series 2025-VOLT, Class B, 5.78% (1
mo. Term SOFR + 2.10%),
12/15/2044(b)(c)
|
|
7,040,000
|
7,056,241
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
CarMax Auto Owner Trust, Series 2024-
1, Class C, 5.47%, 08/15/2029
|
$
|
2,000,000
|
$2,019,273
|
|
Carmax Select Receivables Trust,
Series 2024-A, Class C, 5.62%,
01/15/2030
|
|
1,400,000
|
1,416,102
|
|
Chase Home Lending Mortgage Trust
|
|
|
|
|
Series 2024-6, Class A11, 4.87%
(30 Day Average SOFR + 1.25%),
05/25/2055(b)(c)
|
|
1,748,978
|
1,751,344
|
|
Series 2024-7, Class A11, 4.92%
(30 Day Average SOFR + 1.30%),
06/25/2055(b)(c)
|
|
2,212,994
|
2,213,591
|
|
Series 2025-1, Class A11, 4.82%
(30 Day Average SOFR + 1.20%),
11/25/2055(b)(c)
|
|
3,538,226
|
3,530,654
|
|
Citigroup Mortgage Loan Trust,
Series 2024-1, Class A11, 4.98%
(30 Day Average SOFR + 1.35%),
07/25/2054(b)(c)
|
|
2,243,315
|
2,245,318
|
|
CLI Funding VI LLC, Series 2020-3A,
Class A, 2.07%, 10/18/2045(b)
|
|
1,644,215
|
1,536,987
|
|
Commonbond Student Loan Trust
|
|
|
|
|
Series 2017-BGS, Class A2, 4.49% (1
mo. Term SOFR + 0.76%),
09/25/2042(b)(c)
|
|
49,861
|
49,396
|
|
Series 2018-AGS, Class A2, 4.34% (1
mo. Term SOFR + 0.61%),
02/25/2044(b)(c)
|
|
120,685
|
119,831
|
|
Series 2018-CGS, Class A2, 4.64% (1
mo. Term SOFR + 0.91%),
02/25/2046(b)(c)
|
|
244,750
|
243,205
|
|
CONE Trust, Series 2024-DFW1, Class A,
5.32% (1 mo. Term SOFR + 1.64%),
08/15/2041(b)(c)
|
|
6,370,000
|
6,348,103
|
|
CPS Auto Receivables Trust
|
|
|
|
|
Series 2023-D, Class C, 7.17%,
01/15/2030(b)
|
|
1,974,602
|
1,986,234
|
|
Series 2024-D, Class C, 4.76%,
01/15/2031(b)
|
|
1,558,000
|
1,557,583
|
|
Cross Mortgage Trust, Series 2024-H7,
Class A1, 5.59%, 11/25/2069(b)(h)
|
|
3,288,818
|
3,293,367
|
|
DBC Mortgage Trust, Series 2025-DBC,
Class A, 5.03% (1 mo. Term SOFR +
1.35%), 11/15/2042(b)(c)
|
|
8,760,000
|
8,782,031
|
|
Edsouth Indenture No. 9 LLC,
Series 2015-1, Class A, 4.53% (30 Day
Average SOFR + 0.91%),
10/25/2056(b)(c)
|
|
197,534
|
197,557
|
|
Ellington Financial Mortgage Trust,
Series 2026-NQM7, Class A1F, 4.92%
(30 Day Average SOFR + 1.30%),
07/25/2071(b)(c)
|
|
3,737,673
|
3,739,957
|
|
Ford Credit Auto Lease Trust,
Series 2024-B, Class B, 5.18%,
02/15/2028
|
|
5,000,000
|
5,021,163
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
Series 2024-HE1, Class A1, 5.22%
(30 Day Average SOFR + 1.60%),
08/25/2054(b)(c)
|
|
6,249,463
|
6,276,868
|
|
Series 2024-HE2, Class A1, 5.12%
(30 Day Average SOFR + 1.50%),
01/25/2055(b)(c)
|
|
3,709,543
|
3,723,880
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2025-HE1, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
10/25/2055(b)(c)
|
$
|
2,219,570
|
$2,229,387
|
|
Series 2025-HE2, Class A1, 5.17%
(30 Day Average SOFR + 1.55%),
12/25/2065(b)(c)
|
|
6,968,899
|
7,000,685
|
|
Hertz Vehicle Financing III L.P.,
Series 2021-2A, Class C, 2.52%,
12/27/2027(b)
|
|
2,170,000
|
2,157,030
|
|
Hotwire Funding LLC, Series 2021-1,
Class B, 2.66%, 11/20/2051(b)
|
|
3,000,000
|
2,979,462
|
|
HPEFS Equipment Trust, Series 2023-2A,
Class D, 6.97%, 07/21/2031(b)
|
|
641,786
|
644,808
|
|
J.P. Morgan Mortgage Trust
|
|
|
|
|
Series 2024-11, Class A11, 4.87%
(30 Day Average SOFR + 1.25%),
04/25/2055(b)(c)
|
|
1,571,245
|
1,576,457
|
|
Series 2024-9, Class A11, 4.97%
(30 Day Average SOFR + 1.35%),
02/25/2055(b)(c)
|
|
1,114,290
|
1,116,215
|
|
Series 2024-HE2, Class M1, 5.32%
(30 Day Average SOFR + 1.70%),
10/20/2054(b)(c)
|
|
1,349,593
|
1,357,181
|
|
Series 2024-HE3, Class M1, 5.27%
(30 Day Average SOFR + 1.65%),
02/25/2055(b)(c)
|
|
3,486,403
|
3,507,730
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust, Series 2018-PHH,
Class B, 5.18% (1 mo. Term SOFR +
1.51%), 06/15/2035(b)(c)
|
|
2,385,000
|
1,180,575
|
|
JP Morgan Mortgage Trust
|
|
|
|
|
Series 2019-6, Class A11, 4.74% (1
mo. Term SOFR + 1.01%),
12/25/2049(b)(c)
|
|
33,678
|
33,174
|
|
Series 2019-INV2, Class A1, 4.74% (1
mo. Term SOFR + 1.01%),
02/25/2050(b)(c)
|
|
139,305
|
137,080
|
|
Series 2019-INV3, Class A11, 4.84%
(1 mo. Term SOFR + 1.11%),
05/25/2050(b)(c)
|
|
56,075
|
55,320
|
|
Series 2020-8, Class A11, 4.53%
(30 Day Average SOFR + 0.90%),
03/25/2051(b)(c)
|
|
159,064
|
150,489
|
|
Series 2020-LTV1, Class A11, 4.76%
(1 mo. Term SOFR + 1.11%),
06/25/2050(b)(c)
|
|
579
|
579
|
|
Series 2021-1, Class A11, 4.28%
(30 Day Average SOFR + 0.65%),
06/25/2051(b)(c)
|
|
505,244
|
469,876
|
|
Series 2024-5, Class A11, 4.87%
(30 Day Average SOFR + 1.25%),
11/25/2054(b)(c)
|
|
2,375,058
|
2,373,634
|
|
KRE Commercial Mortgage Trust,
Series 2025-AIP4, Class A, 4.98% (1
mo. Term SOFR + 1.30%),
03/15/2042(b)(c)
|
|
6,449,056
|
6,442,114
|
|
MED Commercial Mortgage Trust,
Series 2024-MOB, Class A, 5.27% (1
mo. Term SOFR + 1.59%),
05/15/2041(b)(c)
|
|
5,000,000
|
4,939,456
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Mello Mortgage Capital Acceptance Trust,
Series 2021-INV2, Class A1, 4.58%
(30 Day Average SOFR + 0.95%),
08/25/2051(b)(c)
|
$
|
2,453,959
|
$2,317,081
|
|
Merrill Lynch Mortgage Investors Trust
|
|
|
|
|
Series 2003-F, Class A1, 4.48% (1 mo.
Term SOFR + 0.75%), 10/25/2028(c)
|
|
7,874
|
7,773
|
|
Series 2005-A2, Class A5, 5.11%,
02/25/2035(h)
|
|
29,271
|
28,112
|
|
MFA Trust, Series 2025-NQM5,
Class A1F, 4.87% (30 Day Average
SOFR + 1.25%), 11/25/2070(b)(c)
|
|
3,043,047
|
3,041,659
|
|
MILE Trust, Series 2025-STNE, Class B,
5.38% (1 mo. Term SOFR + 1.70%),
07/15/2042(b)(c)
|
|
1,000,000
|
1,007,800
|
|
Mission Lane Credit Card Master Trust
|
|
|
|
|
Series 2024-B, Class A, 5.88%,
01/15/2030(b)
|
|
3,750,000
|
3,755,798
|
|
Series 2026-A, Class A, 4.95%,
07/15/2032(b)
|
|
5,380,000
|
5,338,309
|
|
Morgan Stanley Residential Mortgage
Loan Trust, Series 2024-4, Class AF,
4.97% (30 Day Average SOFR +
1.35%), 09/25/2054(b)(c)
|
|
2,759,250
|
2,765,062
|
|
Navient Private Education Refi Loan
Trust, Series 2019-D, Class A2B,
4.84% (1 mo. Term SOFR + 1.16%),
12/15/2059(b)(c)
|
|
1,091,927
|
1,093,226
|
|
Navient Student Loan Trust
|
|
|
|
|
Series 2021-1A, Class A1B, 4.33%
(30 Day Average SOFR + 0.71%),
12/26/2069(b)(c)
|
|
3,718,072
|
3,695,787
|
|
Series 2021-2A, Class A1B, 4.28%
(30 Day Average SOFR + 0.66%),
02/25/2070(b)(c)
|
|
1,353,418
|
1,342,417
|
|
Nelnet Student Loan Trust
|
|
|
|
|
Series 2014-3A, Class A, 4.31%
(30 Day Average SOFR + 0.69%),
06/25/2041(b)(c)
|
|
431,732
|
428,488
|
|
Series 2020-5A, Class A, 4.72% (1 mo.
Term SOFR + 0.99%),
10/25/2068(b)(c)
|
|
2,619,907
|
2,626,460
|
|
Series 2021-A, Class A2, 4.81% (1 mo.
Term SOFR + 1.14%),
04/20/2062(b)(c)
|
|
9,125,000
|
9,140,100
|
|
Series 2025-AA, Class A1B, 4.73%
(30 Day Average SOFR + 1.10%),
03/15/2057(b)(c)
|
|
1,880,772
|
1,874,792
|
|
NextGear Floorplan Master Owner Trust,
Series 2024-1A, Class A1, 4.53%
(30 Day Average SOFR + 0.90%),
03/15/2029(b)(c)
|
|
4,000,000
|
4,012,490
|
|
NRTH Commercial Mortgage Trust,
Series 2025-PARK, Class A, 5.07% (1
mo. Term SOFR + 1.39%),
10/15/2040(b)(c)
|
|
10,000,000
|
10,037,510
|
|
OBX Trust
|
|
|
|
|
Series 2019-EXP2, Class 2A2, 4.96%
(1 mo. Term SOFR + 1.31%),
06/25/2059(b)(c)
|
|
57,190
|
56,953
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2019-INV2, Class A11, 4.71%
(1 mo. Term SOFR + 1.06%),
05/27/2049(b)(c)
|
$
|
2,115,993
|
$2,087,818
|
|
Series 2020-EXP1, Class 2A2, 4.79%
(1 mo. Term SOFR + 1.06%),
02/25/2060(b)(c)
|
|
135,966
|
135,430
|
|
Series 2020-EXP3, Class 2A2, 5.04%
(1 mo. Term SOFR + 1.31%),
01/25/2060(b)(c)
|
|
129,967
|
130,209
|
|
Series 2020-INV1, Class A11, 4.66%
(1 mo. Term SOFR + 1.01%),
12/25/2049(b)(c)
|
|
150,303
|
147,239
|
|
Series 2024-NQM5, Class A1, 5.99%,
01/25/2064(b)
|
|
442,357
|
443,344
|
|
Series 2025-HE1, Class A1, 5.22%
(30 Day Average SOFR + 1.60%),
02/25/2055(b)(c)
|
|
1,900,865
|
1,910,216
|
|
Series 2025-HE2, Class A1, 5.07%
(30 Day Average SOFR + 1.45%),
08/25/2055(b)(c)
|
|
6,862,745
|
6,881,166
|
|
Series 2026-HE2, Class A1A, 4.97%
(30 Day Average SOFR + 1.35%),
06/25/2056(b)(c)
|
|
12,518,330
|
12,552,021
|
|
Series 2026-NQM1, Class A1F, 4.87%
(30 Day Average SOFR + 1.25%),
11/25/2065(b)(c)
|
|
2,327,144
|
2,327,830
|
|
OneMain Financial Issuance Trust,
Series 2023-2A, Class A2, 5.13%
(30 Day Average SOFR + 1.50%),
09/15/2036(b)(c)
|
|
9,000,000
|
9,049,943
|
|
Pagaya AI Debt Selection Trust,
Series 2026-5, Class B, 6.39%,
03/15/2034(b)
|
|
7,100,000
|
7,108,628
|
|
Rate Mortgage Trust, Series 2025-J3,
Class A27, 5.17% (30 Day Average
SOFR + 1.55%), 11/25/2055(b)(c)
|
|
4,436,586
|
4,452,889
|
|
Research-Driven Pagaya Motor Asset
Trust, Series 2026-4A, Class A4,
5.80%, 05/25/2035(b)
|
|
4,000,000
|
4,006,217
|
|
SCG Commercial Mortgage Trust,
Series 2025-FLWR, Class A, 4.93% (1
mo. Term SOFR + 1.25%),
08/15/2042(b)(c)
|
|
11,446,000
|
11,459,011
|
|
SCG Mortgage Trust, Series 2026-PALM,
Class A, 4.90% (1 mo. Term SOFR +
1.27%), 07/15/2043(b)(c)
|
|
8,400,000
|
8,419,205
|
|
SHRN Trust, Series 2025-MF18, Class A,
4.88% (1 mo. Term SOFR + 1.20%),
10/15/2040(b)(c)
|
|
11,460,000
|
11,472,980
|
|
SMB Private Education Loan Trust
|
|
|
|
|
Series 2019-B, Class A2B, 4.79% (1
mo. Term SOFR + 1.11%),
06/15/2037(b)(c)
|
|
531,274
|
531,519
|
|
Series 2020-A, Class A2B, 4.62% (1
mo. Term SOFR + 0.94%),
09/15/2037(b)(c)
|
|
396,544
|
396,242
|
|
Series 2021-A, Class A2A2, 4.52% (1
mo. Term SOFR + 0.84%),
01/15/2053(b)(c)
|
|
1,832,980
|
1,819,516
|
|
Series 2022-B, Class A1B, 5.08%
(30 Day Average SOFR + 1.45%),
02/16/2055(b)(c)
|
|
1,933,749
|
1,940,316
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Series 2022-C, Class A1B, 5.48%
(30 Day Average SOFR + 1.85%),
05/16/2050(b)(c)
|
$
|
2,290,418
|
$2,314,802
|
|
Series 2023-A, Class A1B, 5.13%
(30 Day Average SOFR + 1.50%),
01/15/2053(b)(c)
|
|
2,257,847
|
2,268,792
|
|
Series 2023-C, Class A1B, 5.17%
(30 Day Average SOFR + 1.55%),
11/15/2052(b)(c)
|
|
1,056,307
|
1,065,740
|
|
Series 2024-A, Class A1B, 5.08%
(30 Day Average SOFR + 1.45%),
03/15/2056(b)(c)
|
|
7,232,762
|
7,293,548
|
|
Series 2024-D, Class A1B, 4.72%
(30 Day Average SOFR + 1.10%),
07/15/2053(b)(c)
|
|
2,902,591
|
2,888,296
|
|
Series 2024-F, Class A1B, 4.63%
(30 Day Average SOFR + 1.00%),
03/16/2054(b)(c)
|
|
5,523,626
|
5,512,355
|
|
Sonic Capital LLC, Series 2020-1A,
Class A2I, 3.85%, 01/20/2050(b)
|
|
2,648,446
|
2,635,028
|
|
SREIT Trust
|
|
|
|
|
Series 2021-MFP2, Class A, 4.61% (1
mo. Term SOFR + 0.94%),
11/15/2036(b)(c)
|
|
1,530,000
|
1,529,637
|
|
Series 2021-MFP2, Class B, 4.96% (1
mo. Term SOFR + 1.29%),
11/15/2036(b)(c)
|
|
718,000
|
717,848
|
|
Structured Agency Credit Risk,
Series 2026-DNA1, Class M1, STACR®,
4.62% (30 Day Average SOFR +
1.00%), 02/25/2046(b)(c)(g)
|
|
6,542,075
|
6,537,234
|
|
Textainer Marine Containers VII Ltd.
(China), Series 2020-1A, Class A,
2.73%, 08/21/2045(b)
|
|
1,210,060
|
1,169,663
|
|
WaMu Mortgage Pass-Through Ctfs.
Trust, Series 2004-AR3, Class A2,
4.52%, 06/25/2034(h)
|
|
32,564
|
31,011
|
|
WBHT Commercial Mortgage Trust,
Series 2025-WBM, Class B, 5.87% (1
mo. Term SOFR + 2.19%),
06/15/2042(b)(c)
|
|
7,565,000
|
7,560,595
|
|
Westlake Automobile Receivables Trust
|
|
|
|
|
Series 2023-4A, Class C, 6.64%,
11/15/2028(b)
|
|
2,683,094
|
2,704,587
|
|
Series 2026-2A, Class D, 5.25%,
03/15/2032(b)
|
|
8,000,000
|
7,958,758
|
|
Total Asset-Backed Securities
(Cost $346,195,166)
|
342,214,365
|
||
|
U.S. Treasury Securities-17.64%
|
|||
|
U.S. Treasury Floating Rate Notes-17.64%
|
|||
|
3.88% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.10%),
01/31/2027(c)
|
|
10,600,000
|
10,605,809
|
|
3.95% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.16%),
04/30/2027(c)
|
|
42,100,000
|
42,154,699
|
|
3.95% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.16%),
07/31/2027(c)
|
|
40,000,000
|
40,056,921
|
|
|
Principal
Amount
|
Value
|
|
|
U.S. Treasury Floating Rate Notes-(continued)
|
|||
|
3.98% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.19%),
10/31/2027(c)
|
$
|
69,250,000
|
$69,390,185
|
|
3.89% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.10%),
01/31/2028(c)
|
|
17,000,000
|
17,019,450
|
|
3.89% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.10%),
04/30/2028(c)
|
|
136,750,000
|
136,910,616
|
|
3.84% (3 mo. U.S. Treasury Bill Money
Market Yield Rate + 0.05%),
07/31/2028(c)
|
|
8,500,000
|
8,503,080
|
|
Total U.S. Treasury Securities
(Cost $324,302,730)
|
324,640,760
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities-6.74%
|
|||
|
Collateralized Mortgage Obligations-6.16%
|
|||
|
Fannie Mae REMICs
|
|
|
|
|
4.03%, 01/25/45 to 12/25/47(c)
|
|
360,983
|
354,692
|
|
4.23%, 05/25/2046(c)
|
|
155,967
|
154,339
|
|
4.01%, 09/25/2047(c)
|
|
344,353
|
340,620
|
|
4.72%, 07/25/54 to 02/25/55(c)
|
|
6,932,914
|
6,988,823
|
|
4.82%, 07/25/54 to 09/25/54(c)
|
|
8,315,634
|
8,369,268
|
|
4.87%, 07/25/2054(c)
|
|
10,211,613
|
10,208,997
|
|
4.77%, 10/25/54 to 01/25/55(c)
|
|
7,959,606
|
8,011,610
|
|
4.32%, 01/25/2055(c)
|
|
3,373,810
|
3,350,547
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.
|
|
|
|
|
Series KF151, Class AS, 4.14%,
12/25/2032(c)
|
|
732,361
|
733,173
|
|
Series KF158, Class AS, 4.35%,
07/25/2033(c)
|
|
4,054,710
|
4,062,693
|
|
Series KF65, Class A, 4.27%,
07/25/2029(c)
|
|
1,094,908
|
1,094,538
|
|
Series KF81, Class AS, 4.03%,
06/25/2027(c)
|
|
514,072
|
513,650
|
|
Freddie Mac REMICs
|
|
|
|
|
4.06%, 09/15/2038(c)
|
|
277,538
|
274,250
|
|
4.16%, 09/15/2040(c)
|
|
251,440
|
249,554
|
|
4.24%, 06/15/2041(c)
|
|
100,683
|
100,108
|
|
4.03%, 08/15/2043(c)
|
|
322,018
|
317,535
|
|
4.09%, 01/15/2048(c)
|
|
1,891,701
|
1,850,344
|
|
4.72%, 07/25/2054(c)
|
|
4,778,264
|
4,816,080
|
|
4.67%, 10/25/2054(c)
|
|
5,916,298
|
5,954,795
|
|
4.77%, 11/25/54 to 11/25/54(c)
|
|
11,593,879
|
11,604,881
|
|
4.52%, 02/25/2055(c)
|
|
3,045,812
|
3,053,269
|
|
4.82%, 04/25/2055(c)
|
|
4,334,246
|
4,364,562
|
|
5.12%, 04/25/2055(c)
|
|
6,307,810
|
6,350,740
|
|
4.92%, 11/25/55 to 11/25/55(c)
|
|
17,018,481
|
17,099,613
|
|
4.57%, 02/25/2056(c)
|
|
13,336,514
|
13,219,017
|
|
|
|
|
113,437,698
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-0.35%
|
|||
|
ARM, 5.74% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.55%),
06/01/2037(c)
|
|
99,159
|
101,310
|
|
ARM, 6.20% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.72%),
11/01/2038(c)
|
|
150,670
|
155,573
|
|
|
Principal
Amount
|
Value
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC)-(continued)
|
|||
|
ARM, 6.10% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.72%),
03/01/2043(c)
|
$
|
118,457
|
$123,397
|
|
ARM, 6.16% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.76%),
11/01/2047(c)
|
|
2,047,864
|
2,137,755
|
|
ARM, 5.87% (1 yr. U.S. Treasury Yield
Curve Rate + 2.17%), 11/01/2048(c)
|
|
1,839,988
|
1,915,270
|
|
ARM, 6.04% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.63%),
01/01/2049(c)
|
|
1,894,509
|
1,969,811
|
|
|
|
|
6,403,116
|
|
Federal National Mortgage Association (FNMA)-0.12%
|
|||
|
ARM, 5.89% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.64%),
02/01/2035(c)
|
|
36,461
|
37,221
|
|
ARM, 5.69% (6 mo. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.57%),
07/01/2035(c)
|
|
21,822
|
22,513
|
|
ARM, 6.15% (1 yr. U.S. Treasury Yield
Curve Rate + 2.42%), 07/01/2035(c)
|
|
344,348
|
355,982
|
|
ARM, 6.41% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.66%),
10/01/2036(c)
|
|
72,455
|
74,386
|
|
ARM, 5.97% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.72%),
03/01/2037(c)
|
|
97,872
|
100,122
|
|
ARM, 5.81% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.51%),
11/01/2037(c)
|
|
37,412
|
38,082
|
|
ARM, 6.06% (1 yr. Refinitiv USD IBOR
Consumer Cash Fallbacks + 1.58%),
04/01/2045(c)
|
|
1,573,640
|
1,636,838
|
|
|
|
|
2,265,144
|
|
Government National Mortgage Association (GNMA)-0.11%
|
|||
|
ARM, 5.15% (1 yr. U.S. Treasury Yield
Curve Rate + 1.50%), 08/20/2049(c)
|
|
2,038,076
|
2,069,824
|
|
Total U.S. Government Sponsored Agency Mortgage-
Backed Securities
(Cost $123,614,981)
|
124,175,782
|
||
|
|
Shares
|
|
|
|
Money Market Funds-1.29%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(i)(j)
(Cost $23,745,441)
|
|
23,745,441
|
23,745,441
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.79%
(Cost $1,837,875,219)
|
1,836,813,452
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-1.21%
|
|||
|
Invesco Private Government Fund,
3.69%(i)(j)(k)
|
|
6,184,289
|
6,184,289
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.82%(i)(j)(k)
|
|
16,064,944
|
$16,066,550
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $22,250,540)
|
22,250,839
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.00%
(Cost $1,860,125,759)
|
1,859,064,291
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.00)%
|
(18,450,021
)
|
||
|
NET ASSETS-100.00%
|
$1,840,614,270
|
||
|
Investment Abbreviations:
|
|
|
ARM
|
-Adjustable Rate Mortgage
|
|
Ctfs.
|
-Certificates
|
|
IBOR
|
-Interbank Offered Rate
|
|
REMICs
|
-Real Estate Mortgage Investment Conduits
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
STACR®
|
-Structured Agency Credit Risk
|
|
USD
|
-U.S. Dollar
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $1,002,462,352, which represented 54.46% of the Fund’s Net Assets.
|
|
(c)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2026.
|
|
(d)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(e)
|
Perpetual bond with no specified maturity date.
|
|
(f)
|
CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate
principal paid by Fannie Mae is determined by the performance of a
large and diverse reference pool.
|
|
(g)
|
Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from
the mortgages in the reference pool to credit investors who invest in the STACR® debt notes.
|
|
(h)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown
is the rate in effect on July 31, 2026.
|
|
(i)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$24,666,318
|
$470,274,677
|
$(471,195,554
)
|
$-
|
$-
|
$23,745,441
|
$464,031
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
3,019,907
|
58,117,746
|
(54,953,364
)
|
-
|
-
|
6,184,289
|
375,986
*
|
|
Invesco Private Prime Fund
|
7,888,876
|
145,444,688
|
(137,264,767
)
|
306
|
(2,553
)
|
16,066,550
|
386,727
*
|
|
Total
|
$35,575,101
|
$673,837,111
|
$(663,413,685
)
|
$306
|
$(2,553
)
|
$45,996,280
|
$1,226,744
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(j)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2026.
|
|
(k)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco AAA CLO Floating Rate Note ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$-
|
$517,722,975
|
$-
|
$517,722,975
|
|
Money Market Funds
|
10,700,149
|
-
|
-
|
10,700,149
|
|
Total Investments in Securities
|
10,700,149
|
517,722,975
|
-
|
528,423,124
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
583,764
|
-
|
583,764
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(1,057,690
)
|
-
|
(1,057,690
)
|
|
Total Other Investments
|
-
|
(473,926
)
|
-
|
(473,926
)
|
|
Total Investments
|
$10,700,149
|
$517,249,049
|
$-
|
$527,949,198
|
|
Invesco Active U.S. Real Estate ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$60,363,599
|
$-
|
$-
|
$60,363,599
|
|
Money Market Funds
|
30,040
|
5,393,198
|
-
|
5,423,238
|
|
Total Investments
|
$60,393,639
|
$5,393,198
|
$-
|
$65,786,837
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Agency MBS ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
$-
|
$14,284,425
|
$-
|
$14,284,425
|
|
Certificates of Deposit
|
-
|
1,901,402
|
-
|
1,901,402
|
|
Commercial Paper
|
-
|
1,800,146
|
-
|
1,800,146
|
|
Asset-Backed Securities
|
-
|
1,430,029
|
-
|
1,430,029
|
|
U.S. Treasury Securities
|
-
|
34,840
|
-
|
34,840
|
|
Money Market Funds
|
2,100,052
|
-
|
-
|
2,100,052
|
|
Total Investments in Securities
|
2,100,052
|
19,450,842
|
-
|
21,550,894
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
10,155
|
-
|
-
|
10,155
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(1,190
)
|
-
|
-
|
(1,190
)
|
|
Total Other Investments
|
8,965
|
-
|
-
|
8,965
|
|
Total Investments
|
$2,109,017
|
$19,450,842
|
$-
|
$21,559,859
|
|
Invesco Core Fixed Income ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Treasury Securities
|
$-
|
$149,750,649
|
$-
|
$149,750,649
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
100,406,930
|
-
|
100,406,930
|
|
U.S. Dollar Denominated Bonds & Notes
|
-
|
98,849,385
|
-
|
98,849,385
|
|
Asset-Backed Securities
|
-
|
72,694,591
|
-
|
72,694,591
|
|
Agency Credit Risk Transfer Notes
|
-
|
364,554
|
-
|
364,554
|
|
Money Market Funds
|
1,186,988
|
2,639,656
|
-
|
3,826,644
|
|
Total Investments in Securities
|
1,186,988
|
424,705,765
|
-
|
425,892,753
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
269,432
|
-
|
-
|
269,432
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(94,869
)
|
-
|
-
|
(94,869
)
|
|
Total Other Investments
|
174,563
|
-
|
-
|
174,563
|
|
Total Investments
|
$1,361,551
|
$424,705,765
|
$-
|
$426,067,316
|
|
Invesco Flexible Income ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
$-
|
$5,332,895
|
$-
|
$5,332,895
|
|
U.S. Dollar Denominated Bonds & Notes
|
-
|
3,614,709
|
-
|
3,614,709
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
2,618,206
|
-
|
2,618,206
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
-
|
1,695,035
|
-
|
1,695,035
|
|
U.S. Treasury Securities
|
-
|
516,632
|
-
|
516,632
|
|
Agency Credit Risk Transfer Notes
|
-
|
299,768
|
-
|
299,768
|
|
Options Purchased
|
-
|
10,531
|
-
|
10,531
|
|
Money Market Funds
|
27,261
|
-
|
-
|
27,261
|
|
Total Investments in Securities
|
27,261
|
14,087,776
|
-
|
14,115,037
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
26,593
|
-
|
26,593
|
|
Swap Agreements
|
-
|
50,600
|
-
|
50,600
|
|
|
-
|
77,193
|
-
|
77,193
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(8,237
)
|
-
|
(8,237
)
|
|
Swap Agreements
|
-
|
(32,251
)
|
-
|
(32,251
)
|
|
Options Written
|
-
|
(14,477
)
|
-
|
(14,477
)
|
|
|
-
|
(54,965
)
|
-
|
(54,965
)
|
|
Total Other Investments
|
-
|
22,228
|
-
|
22,228
|
|
Total Investments
|
$27,261
|
$14,110,004
|
$-
|
$14,137,265
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Global Equity Net Zero ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$118,116,596
|
$55,973,940
|
$-
|
$174,090,536
|
|
Money Market Funds
|
89,563
|
2,115,549
|
-
|
2,205,112
|
|
Total Investments
|
$118,206,159
|
$58,089,489
|
$-
|
$176,295,648
|
|
Invesco High Yield Systematic Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$175,376,834
|
$-
|
$175,376,834
|
|
U.S. Treasury Securities
|
-
|
406,138
|
-
|
406,138
|
|
Common Stocks & Other Equity Interests
|
-
|
35,179
|
1,160
|
36,339
|
|
Money Market Funds
|
3,311,820
|
39,753,055
|
-
|
43,064,875
|
|
Total Investments in Securities
|
3,311,820
|
215,571,206
|
1,160
|
218,884,186
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
47,123
|
-
|
-
|
47,123
|
|
Swap Agreements
|
-
|
29,933
|
-
|
29,933
|
|
|
47,123
|
29,933
|
-
|
77,056
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(213,116
)
|
-
|
-
|
(213,116
)
|
|
Swap Agreements
|
-
|
(2,194
)
|
-
|
(2,194
)
|
|
|
(213,116
)
|
(2,194
)
|
-
|
(215,310
)
|
|
Total Other Investments
|
(165,993
)
|
27,739
|
-
|
(138,254
)
|
|
Total Investments
|
$3,145,827
|
$215,598,945
|
$1,160
|
$218,745,932
|
|
Invesco International Growth Focus ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$22,394,446
|
$115,526,448
|
$-
|
$137,920,894
|
|
Money Market Funds
|
2,356,833
|
4,548,660
|
-
|
6,905,493
|
|
Total Investments
|
$24,751,279
|
$120,075,108
|
$-
|
$144,826,387
|
|
Invesco MSCI EAFE Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$6,067,042
|
$476,944,403
|
$-
|
$483,011,445
|
|
Equity Linked Notes
|
-
|
32,297,954
|
-
|
32,297,954
|
|
Money Market Funds
|
98,832,699
|
13,888,908
|
-
|
112,721,607
|
|
Total Investments
|
$104,899,741
|
$523,131,265
|
$-
|
$628,031,006
|
|
Invesco QQQ Hedged Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$12,070,805
|
$-
|
$0
|
$12,070,805
|
|
Options Purchased
|
844,908
|
-
|
-
|
844,908
|
|
Money Market Funds
|
141,372
|
-
|
-
|
141,372
|
|
Total Investments in Securities
|
13,057,085
|
-
|
0
|
13,057,085
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Options Written
|
(66,950
)
|
-
|
-
|
(66,950
)
|
|
Total Investments
|
$12,990,135
|
$-
|
$0
|
$12,990,135
|
|
Invesco QQQ Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$605,068,837
|
$-
|
$-
|
$605,068,837
|
|
Equity Linked Notes
|
-
|
41,461,093
|
-
|
41,461,093
|
|
Money Market Funds
|
137,489,884
|
1,138,890
|
-
|
138,628,774
|
|
Total Investments
|
$742,558,721
|
$42,599,983
|
$-
|
$785,158,704
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco S&P 500® Downside Hedged ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$51,202,363
|
$-
|
$0
|
$51,202,363
|
|
Money Market Funds
|
9,712,588
|
93,970
|
-
|
9,806,558
|
|
Total Investments in Securities
|
60,914,951
|
93,970
|
0
|
61,008,921
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
55,564
|
-
|
-
|
55,564
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(176,944
)
|
-
|
-
|
(176,944
)
|
|
Total Other Investments
|
(121,380
)
|
-
|
-
|
(121,380
)
|
|
Total Investments
|
$60,793,571
|
$93,970
|
$0
|
$60,887,541
|
|
Invesco S&P 500 Equal Weight Income Advantage ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$759,184,344
|
$-
|
$0
|
$759,184,344
|
|
Equity Linked Notes
|
-
|
62,141,821
|
-
|
62,141,821
|
|
Money Market Funds
|
206,766,764
|
14,934,109
|
-
|
221,700,873
|
|
Total Investments
|
$965,951,108
|
$77,075,930
|
$0
|
$1,043,027,038
|
|
Invesco Short Duration High Yield ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$11,517,772
|
$0
|
$11,517,772
|
|
Variable Rate Senior Loan Interests
|
-
|
767,661
|
46,115
|
813,776
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
-
|
110,419
|
-
|
110,419
|
|
Money Market Funds
|
291,957
|
492,694
|
-
|
784,651
|
|
Total Investments in Securities
|
291,957
|
12,888,546
|
46,115
|
13,226,618
|
|
Other Investments - Assets*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
723
|
-
|
723
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Forward Foreign Currency Contracts
|
-
|
(1,696
)
|
-
|
(1,696
)
|
|
Total Other Investments
|
-
|
(973
)
|
-
|
(973
)
|
|
Total Investments
|
$291,957
|
$12,887,573
|
$46,115
|
$13,225,645
|
|
Invesco Short Duration Total Return Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$70,640,127
|
$-
|
$70,640,127
|
|
Asset-Backed Securities
|
-
|
38,019,200
|
-
|
38,019,200
|
|
U.S. Treasury Securities
|
-
|
5,479,315
|
-
|
5,479,315
|
|
Variable Rate Senior Loan Interests
|
-
|
283,655
|
1,836,580
|
2,120,235
|
|
Agency Credit Risk Transfer Notes
|
-
|
463,597
|
-
|
463,597
|
|
Exchange-Traded Funds
|
246,227
|
-
|
-
|
246,227
|
|
Preferred Stocks
|
216,797
|
-
|
-
|
216,797
|
|
Money Market Funds
|
4,918,346
|
1,431,018
|
-
|
6,349,364
|
|
Total Investments in Securities
|
5,381,370
|
116,316,912
|
1,836,580
|
123,534,862
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
199,092
|
-
|
-
|
199,092
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(202,321
)
|
-
|
-
|
(202,321
)
|
|
Total Other Investments
|
(3,229
)
|
-
|
-
|
(3,229
)
|
|
Total Investments
|
$5,378,141
|
$116,316,912
|
$1,836,580
|
$123,531,633
|
|
Invesco SteelPath MLP & Energy Infrastructure ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$53,902,744
|
$-
|
$-
|
$53,902,744
|
|
Master Limited Partnerships & Related Entities
|
10,804,133
|
-
|
-
|
10,804,133
|
|
Money Market Funds
|
505,447
|
3,998,420
|
-
|
4,503,867
|
|
Total Investments
|
$65,212,324
|
$3,998,420
|
$-
|
$69,210,744
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Top QQQ ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$12,624,232
|
$-
|
$-
|
$12,624,232
|
|
Money Market Funds
|
18,382,066
|
-
|
-
|
18,382,066
|
|
Total Investments in Securities
|
31,006,298
|
-
|
-
|
31,006,298
|
|
Other Investments - Assets*
|
|
|
|
|
|
Swap Agreements
|
-
|
3,083,408
|
-
|
3,083,408
|
|
Total Investments
|
$31,006,298
|
$3,083,408
|
$-
|
$34,089,706
|
|
Invesco Total Return Bond ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$846,050,658
|
$3,013,730
|
$849,064,388
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
679,788,654
|
-
|
679,788,654
|
|
Asset-Backed Securities
|
-
|
587,306,438
|
2,764,857
|
590,071,295
|
|
U.S. Treasury Securities
|
-
|
527,669,802
|
-
|
527,669,802
|
|
Variable Rate Senior Loan Interests
|
-
|
44,545,188
|
17,666,055
|
62,211,243
|
|
Exchange-Traded Funds
|
32,563,398
|
-
|
-
|
32,563,398
|
|
Municipal Obligations
|
-
|
11,767,799
|
-
|
11,767,799
|
|
Preferred Stocks
|
11,122,312
|
-
|
-
|
11,122,312
|
|
Agency Credit Risk Transfer Notes
|
-
|
8,069,037
|
-
|
8,069,037
|
|
U.S. Government Sponsored Agency Securities
|
-
|
2,522,136
|
-
|
2,522,136
|
|
Common Stocks & Other Equity Interests
|
-
|
-
|
857,300
|
857,300
|
|
Non-U.S. Dollar Denominated Bonds & Notes
|
-
|
470,602
|
-
|
470,602
|
|
Options Purchased
|
1,087,685
|
-
|
-
|
1,087,685
|
|
Money Market Funds
|
174,974,394
|
98,614,466
|
-
|
273,588,860
|
|
Total Investments in Securities
|
219,747,789
|
2,806,804,780
|
24,301,942
|
3,050,854,511
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
2,186,227
|
-
|
-
|
2,186,227
|
|
Investments Matured
|
-
|
18,500
|
-
|
18,500
|
|
|
2,186,227
|
18,500
|
-
|
2,204,727
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(4,785,719
)
|
-
|
-
|
(4,785,719
)
|
|
Total Other Investments
|
(2,599,492
)
|
18,500
|
-
|
(2,580,992
)
|
|
Total Investments
|
$217,148,297
|
$2,806,823,280
|
$24,301,942
|
$3,048,273,519
|
|
Invesco Ultra Short Duration ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$2,586,546,192
|
$-
|
$2,586,546,192
|
|
Asset-Backed Securities
|
-
|
568,633,719
|
-
|
568,633,719
|
|
Commercial Paper
|
-
|
478,467,203
|
-
|
478,467,203
|
|
U.S. Treasury Securities
|
-
|
166,996,062
|
-
|
166,996,062
|
|
Certificates of Deposit
|
-
|
65,512,711
|
-
|
65,512,711
|
|
Repurchase Agreements
|
-
|
40,000,000
|
-
|
40,000,000
|
|
Exchange-Traded Funds
|
9,266,660
|
-
|
-
|
9,266,660
|
|
Money Market Funds
|
-
|
26,929,744
|
-
|
26,929,744
|
|
Total Investments
|
$9,266,660
|
$3,933,085,631
|
$-
|
$3,942,352,291
|
|
Invesco Variable Rate Investment Grade ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$-
|
$570,755,354
|
$-
|
$570,755,354
|
|
Agency Credit Risk Transfer Notes
|
-
|
451,281,750
|
-
|
451,281,750
|
|
Asset-Backed Securities
|
-
|
342,214,365
|
-
|
342,214,365
|
|
U.S. Treasury Securities
|
-
|
324,640,760
|
-
|
324,640,760
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
-
|
124,175,782
|
-
|
124,175,782
|
|
Money Market Funds
|
23,745,441
|
22,250,839
|
-
|
45,996,280
|
|
Total Investments
|
$23,745,441
|
$1,835,318,850
|
$-
|
$1,859,064,291
|
|
*
|
Forward foreign currency contracts, futures contracts and swap agreements are valued
at unrealized appreciation (depreciation). Investments matured and
options written are shown at value.
|
|
Invesco Short Duration Total
Return Bond ETF (GTOS)
|
Value
10/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Accrued
Discounts/
Premiums
|
Realized
Gain
(Loss)
|
Unrealized
Appreciation
(Depreciation)
|
Transfers
into
Level 3
|
Transfers
out of
Level 3
|
Value
07/31/26
|
|
Variable Rate Senior Loan Interests
|
$—
|
$10,931,480
|
$(9,099,480
)
|
$—
|
$—
|
$4,580
|
$—
|
$—
|
$1,836,580
|
|
|
Fair Value
at 07/31/26
|
Valuation
Technique
|
Unobservable
Inputs
|
Range of
Unobservable
Inputs
|
Weighted Average of
Unobservable Inputs
Based on Fair Value
|
|
|
Variable Rate Senior Loan Interests
|
$1,836,580
|
Third-Party Pricing
|
Broker Quote
|
100.25% of Par
|
100.25% of Par
|
|