|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES - 52.7%
|
||
|
Aerospace & Defense - 0.4%
|
||
|
ATI, Inc.
|
|
|
|
5.13%, 10/01/2031
|
$ 50,000
|
$ 48,822
|
|
7.25%, 08/15/2030
|
135,000
|
139,192
|
|
Boeing Co.
|
|
|
|
3.60%, 05/01/2034
|
50,000
|
44,259
|
|
5.15%, 05/01/2030
|
276,000
|
277,375
|
|
Embraer Netherlands Finance BV
|
|
|
|
5.40%, 01/09/2038
|
200,000
|
190,200
|
|
Honeywell Aerospace, Inc.
|
|
|
|
4.95%, 03/16/2036 (A)
|
74,000
|
71,335
|
|
L3Harris Technologies, Inc.
|
|
|
|
5.40%, 07/31/2033
|
43,000
|
43,223
|
|
Northrop Grumman Corp.
|
|
|
|
4.90%, 06/01/2034
|
345,000
|
337,238
|
|
|
|
1,151,644
|
|
Automobile Components - 0.4%
|
||
|
American Axle & Manufacturing, Inc.
|
|
|
|
6.38%, 10/15/2032 (A)
|
212,000
|
210,868
|
|
7.75%, 10/15/2033 (A)
|
110,000
|
108,320
|
|
Cyprium Corp./Cyprium Holdings
Luxembourg SARL
|
|
|
|
6.13%, 04/15/2031 (A)
|
167,000
|
165,519
|
|
6.38%, 04/15/2034 (A)
|
75,000
|
73,889
|
|
IHO Verwaltungs GmbH
|
|
|
|
PIK Rate 8.13%, Cash Rate 7.38%,
05/15/2033 (A)(B)
|
205,000
|
212,487
|
|
ZF North America Capital, Inc.
|
|
|
|
6.88%, 04/23/2032 (A)
|
265,000
|
260,354
|
|
|
|
1,031,437
|
|
Automobiles - 0.4%
|
||
|
BMW U.S. Capital LLC
|
|
|
|
5.00%, 03/19/2033 (A)
|
29,000
|
28,255
|
|
Ford Motor Credit Co. LLC
|
|
|
|
6.05%, 11/05/2031 (C)
|
200,000
|
201,144
|
|
General Motors Financial Co., Inc.
|
|
|
|
3.10%, 01/12/2032
|
32,000
|
28,702
|
|
5.60%, 06/18/2031
|
140,000
|
142,103
|
|
5.90%, 01/07/2035
|
47,000
|
47,469
|
|
Hyundai Capital America
|
|
|
|
4.75%, 04/06/2029 - 06/18/2029 (A)
|
137,000
|
136,062
|
|
5.40%, 06/23/2032 (A)
|
53,000
|
53,194
|
|
Hyundai Capital Services, Inc.
|
|
|
|
5.13%, 02/05/2027 - 02/05/2029 (D)
|
400,000
|
401,540
|
|
Nissan Motor Co. Ltd.
|
|
|
|
8.13%, 07/17/2035 (A)
|
200,000
|
211,032
|
|
|
|
1,249,501
|
|
Banks - 9.5%
|
||
|
Abu Dhabi Commercial Bank PJSC
|
|
|
|
Fixed until 09/10/2029,
5.36% (E), 03/10/2035 (D)
|
200,000
|
197,421
|
|
Al Rajhi Sukuk Ltd.
|
|
|
|
4.75%, 04/05/2028 (D)
|
300,000
|
298,655
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
|
Fixed until 05/08/2033 (F),
7.13% (E)
|
1,000,000
|
999,668
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
Banco General SA
|
|
|
|
4.13%, 08/07/2027 (D)
|
$ 200,000
|
$ 198,700
|
|
Banco Mercantil del Norte SA
|
|
|
|
Fixed until 05/20/2035 (F),
8.75% (A)(E)
|
1,500,000
|
1,540,351
|
|
Banco Nacional de Mexico SA
|
|
|
|
Fixed until 08/07/2031,
6.70% (E), 08/07/2036 (A)
|
900,000
|
886,500
|
|
Banco Santander SA
|
|
|
|
Fixed until 05/21/2033 (F),
9.63% (E)
|
800,000
|
931,131
|
|
Bangkok Bank PCL
|
|
|
|
5.08%, 11/26/2035 (A)
|
300,000
|
288,917
|
|
Bank Muscat SAOG
|
|
|
|
4.85%, 10/01/2030 (D)
|
250,000
|
245,078
|
|
Bank of America Corp.
|
|
|
|
Fixed until 03/08/2032,
3.85% (E), 03/08/2037
|
443,000
|
407,245
|
|
Fixed until 04/23/2029,
4.48% (E), 04/23/2030
|
84,000
|
83,080
|
|
Fixed until 04/27/2032,
4.57% (E), 04/27/2033
|
269,000
|
260,436
|
|
Fixed until 01/24/2030,
5.16% (E), 01/24/2031
|
351,000
|
352,745
|
|
Fixed until 08/15/2034,
5.43% (E), 08/15/2035
|
55,000
|
54,081
|
|
Fixed until 10/25/2034,
5.52% (E), 10/25/2035
|
182,000
|
179,965
|
|
Bank of New York Mellon Corp.
|
|
|
|
Fixed until 04/23/2031,
4.54% (E), 04/23/2032
|
69,000
|
67,613
|
|
Bank of Nova Scotia
|
|
|
|
Fixed until 02/04/2032,
4.59% (E), 05/04/2037
|
98,000
|
93,265
|
|
BankUnited, Inc.
|
|
|
|
5.13%, 06/11/2030
|
86,000
|
84,497
|
|
Barclays PLC
|
|
|
|
Fixed until 06/26/2031,
5.10% (E), 06/26/2032
|
414,000
|
408,732
|
|
Fixed until 03/15/2035 (F),
7.63% (C)(E)
|
1,000,000
|
1,033,619
|
|
BNP Paribas SA
|
|
|
|
Fixed until 01/15/2033,
4.92% (E), 01/15/2034 (A)
|
250,000
|
242,099
|
|
Fixed until 08/16/2029 (F),
7.75% (A)(E)
|
1,000,000
|
1,043,121
|
|
BPCE SA
|
|
|
|
Fixed until 10/19/2041,
3.58% (E), 10/19/2042 (A)
|
250,000
|
181,759
|
|
Citigroup, Inc.
|
|
|
|
Fixed until 09/19/2029,
4.54% (E), 09/19/2030
|
172,000
|
169,951
|
|
Fixed until 05/24/2032,
4.91% (E), 05/24/2033
|
327,000
|
321,810
|
|
Fixed until 09/11/2035,
5.17% (E), 09/11/2036
|
48,000
|
46,767
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
Citigroup, Inc. (continued)
|
|
|
|
Fixed until 01/24/2035,
6.02% (E), 01/24/2036
|
$ 130,000
|
$ 131,594
|
|
Fixed until 02/15/2031 (F),
6.63% (E)
|
1,000,000
|
1,004,539
|
|
Citizens Financial Group, Inc.
|
|
|
|
Fixed until 07/23/2031,
5.72% (E), 07/23/2032
|
209,000
|
212,416
|
|
Credit Suisse Group AG
|
|
|
|
Fixed until 02/11/2027 (F),
5.25% (A)(G)(H)
|
1,667,000
|
400,080
|
|
9.75% (A)(G)(H)
|
1,000,000
|
240,000
|
|
First Abu Dhabi Bank PJSC
|
|
|
|
Fixed until 10/04/2028,
6.32% (E), 04/04/2034 (D)
|
200,000
|
203,026
|
|
First Citizens BancShares, Inc.
|
|
|
|
Fixed until 12/12/2034,
6.25% (E), 03/12/2040
|
86,000
|
83,367
|
|
FNB Corp.
|
|
|
|
Fixed until 12/11/2029,
5.72% (E), 12/11/2030
|
146,000
|
146,212
|
|
Goldman Sachs Group, Inc.
|
|
|
|
Fixed until 07/21/2031,
2.38% (E), 07/21/2032
|
309,000
|
269,951
|
|
Fixed until 01/21/2028,
4.15% (E), 01/21/2029
|
167,000
|
165,416
|
|
Fixed until 10/21/2030,
4.37% (E), 10/21/2031
|
50,000
|
48,398
|
|
Fixed until 04/20/2033,
5.09% (E), 04/20/2034
|
57,000
|
55,796
|
|
6.75%, 10/01/2037
|
53,000
|
56,294
|
|
Golomt Bank
|
|
|
|
7.95%, 05/14/2029 (A)
|
200,000
|
200,618
|
|
HSBC Holdings PLC
|
|
|
|
Fixed until 05/12/2033,
5.21% (E), 05/12/2034
|
200,000
|
196,477
|
|
Fixed until 09/10/2035,
5.74% (E), 09/10/2036
|
200,000
|
197,645
|
|
Fixed until 03/09/2028,
6.16% (E), 03/09/2029
|
200,000
|
204,103
|
|
Fixed until 03/24/2031 (F),
6.75% (E)
|
200,000
|
201,053
|
|
Huntington Bancshares, Inc.
|
|
|
|
Fixed until 10/28/2035,
5.61% (E), 01/28/2041
|
337,000
|
323,041
|
|
ING Groep NV
|
|
|
|
Fixed until 05/16/2031 (F),
4.25% (E)
|
1,000,000
|
894,386
|
|
JPMorgan Chase & Co.
|
|
|
|
Fixed until 06/01/2028,
2.07% (E), 06/01/2029
|
75,000
|
71,491
|
|
Fixed until 11/08/2031,
2.55% (E), 11/08/2032
|
346,000
|
304,169
|
|
Fixed until 05/01/2027,
3.54% (E), 05/01/2028
|
268,000
|
265,953
|
|
Fixed until 07/23/2029,
4.86% (E), 07/23/2030
|
101,000
|
100,784
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
JPMorgan Chase & Co. (continued)
|
|
|
|
Fixed until 07/23/2035,
5.58% (E), 07/23/2036
|
$ 61,000
|
$ 60,428
|
|
Fixed until 10/23/2033,
6.25% (E), 10/23/2034
|
116,000
|
121,767
|
|
KeyCorp
|
|
|
|
Fixed until 01/28/2036,
5.31% (E), 01/28/2037
|
38,000
|
36,778
|
|
KIB Sukuk Ltd.
|
|
|
|
Fixed until 10/16/2030,
5.54% (E), 04/16/2036 (D)
|
300,000
|
292,846
|
|
Kookmin Bank
|
|
|
|
4.50%, 02/01/2029 (D)
|
200,000
|
197,550
|
|
Lloyds Banking Group PLC
|
|
|
|
Fixed until 06/05/2029,
5.72% (E), 06/05/2030
|
200,000
|
204,062
|
|
Fixed until 09/27/2035 (F),
6.63% (C)(E)
|
400,000
|
393,245
|
|
M&T Bank Corp.
|
|
|
|
Fixed until 07/30/2030,
5.40% (E), 07/30/2035
|
47,000
|
46,598
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
|
|
Fixed until 02/22/2030,
5.48% (E), 02/22/2031
|
400,000
|
405,141
|
|
Mizuho Financial Group, Inc.
|
|
|
|
Fixed until 07/13/2031,
4.97% (E), 07/13/2032
|
200,000
|
197,622
|
|
Fixed until 05/26/2034,
5.58% (E), 05/26/2035
|
200,000
|
200,948
|
|
Fixed until 07/06/2028,
5.78% (E), 07/06/2029
|
200,000
|
203,775
|
|
Morgan Stanley
|
|
|
|
Fixed until 09/16/2031,
2.48% (E), 09/16/2036
|
58,000
|
49,780
|
|
Fixed until 04/01/2030,
3.62% (E), 04/01/2031
|
274,000
|
260,834
|
|
Fixed until 10/18/2029,
4.65% (E), 10/18/2030
|
25,000
|
24,726
|
|
Fixed until 07/12/2028,
4.87% (E), 07/12/2029
|
82,000
|
81,985
|
|
Fixed until 04/20/2032,
5.30% (E), 04/20/2037
|
31,000
|
30,472
|
|
Fixed until 01/18/2036,
5.31% (E), 01/18/2041
|
55,000
|
52,126
|
|
Fixed until 07/19/2034,
5.32% (E), 07/19/2035
|
47,000
|
46,339
|
|
Fixed until 07/17/2036,
5.61% (E), 07/17/2037
|
35,000
|
34,789
|
|
National Bank of Kuwait SAKP
|
|
|
|
Fixed until 11/10/2030,
5.25% (E), 02/10/2036 (D)
|
330,000
|
323,687
|
|
NatWest Group PLC
|
|
|
|
Fixed until 08/28/2030,
3.03% (E), 11/28/2035
|
200,000
|
182,291
|
|
Fixed until 08/15/2029,
4.96% (E), 08/15/2030
|
200,000
|
199,864
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
Oversea-Chinese Banking Corp. Ltd.
|
|
|
|
Fixed until 06/15/2027,
4.60% (E), 06/15/2032 (D)
|
$ 200,000
|
$ 199,499
|
|
Fixed until 05/21/2029,
5.52% (E), 05/21/2034 (D)
|
200,000
|
203,242
|
|
Pinnacle Bank
|
|
|
|
Fixed until 01/15/2031,
5.96% (E), 01/15/2036
|
428,000
|
421,632
|
|
PNC Financial Services Group, Inc.
|
|
|
|
Fixed until 01/25/2036,
5.42% (E), 01/25/2041
|
25,000
|
23,962
|
|
Regions Financial Corp.
|
|
|
|
Fixed until 06/06/2029,
5.72% (E), 06/06/2030
|
62,000
|
63,268
|
|
7.38%, 12/10/2037
|
14,000
|
15,554
|
|
Royal Bank of Canada
|
|
|
|
Fixed until 04/17/2029,
4.40% (E), 04/17/2030
|
87,000
|
85,866
|
|
Fixed until 07/10/2028,
4.65% (E), 07/10/2029
|
203,000
|
202,979
|
|
4.90%, 01/12/2028 (C)
|
161,000
|
162,013
|
|
Santander Holdings USA, Inc.
|
|
|
|
Fixed until 06/05/2036,
5.70% (E), 06/05/2037
|
98,000
|
95,524
|
|
Saudi Awwal Bank
|
|
|
|
Fixed until 09/04/2030,
5.95% (E), 09/04/2035 (D)
|
200,000
|
197,285
|
|
Shinhan Bank Co. Ltd.
|
|
|
|
4.50%, 03/26/2028 (D)
|
200,000
|
198,706
|
|
SNB Funding Ltd.
|
|
|
|
Fixed until 06/24/2030,
6.00% (E), 06/24/2035 (D)
|
200,000
|
199,706
|
|
Standard Chartered PLC
|
|
|
|
Fixed until 11/18/2030,
3.27% (E), 02/18/2036 (D)
|
200,000
|
182,410
|
|
Fixed until 06/08/2033 (F),
7.00% (A)(E)
|
1,000,000
|
993,907
|
|
Fixed until 11/14/2035 (F),
7.00% (A)(C)(E)
|
200,000
|
199,111
|
|
Sumitomo Mitsui Financial Group, Inc.
|
|
|
|
Fixed until 07/08/2032,
4.95% (E), 07/08/2033
|
200,000
|
196,412
|
|
Texas Capital Bancshares, Inc.
|
|
|
|
Fixed until 02/27/2031,
5.30% (E), 02/27/2032
|
65,000
|
63,654
|
|
Toronto-Dominion Bank
|
|
|
|
4.87%, 04/22/2033
|
133,000
|
129,902
|
|
Truist Bank
|
|
|
|
Fixed until 10/23/2028,
4.14% (E), 10/23/2029
|
250,000
|
246,297
|
|
Truist Financial Corp.
|
|
|
|
Fixed until 04/23/2036,
5.28% (E), 04/23/2037
|
87,000
|
84,270
|
|
U.S. Bancorp
|
|
|
|
Fixed until 11/03/2031,
2.49% (E), 11/03/2036
|
216,000
|
186,467
|
|
UBS Group AG
|
|
|
|
Fixed until 04/10/2029,
4.21% (E), 04/10/2030 (A)
|
200,000
|
196,153
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
UBS Group AG (continued)
|
|
|
|
Fixed until 05/12/2027,
4.75% (E), 05/12/2028 (A)
|
$ 275,000
|
$ 275,316
|
|
Fixed until 04/12/2031 (F),
7.75% (A)(E)
|
413,000
|
432,045
|
|
United Overseas Bank Ltd.
|
|
|
|
Fixed until 10/07/2027,
3.86% (E), 10/07/2032 (D)
|
200,000
|
197,753
|
|
Valley National Bancorp
|
|
|
|
Fixed until 06/01/2031,
6.22% (E), 06/01/2036
|
119,000
|
117,756
|
|
Walker & Dunlop, Inc.
|
|
|
|
6.63%, 04/01/2033 (A)
|
400,000
|
400,553
|
|
Webster Financial Corp.
|
|
|
|
Fixed until 09/11/2030,
5.78% (E), 09/11/2035
|
94,000
|
94,206
|
|
Wells Fargo & Co.
|
|
|
|
Fixed until 09/15/2028,
4.08% (E), 09/15/2029
|
100,000
|
98,518
|
|
Fixed until 05/20/2031,
4.84% (E), 05/20/2032
|
123,000
|
121,325
|
|
Fixed until 01/23/2034,
5.50% (E), 01/23/2035
|
33,000
|
33,067
|
|
Western Alliance Bank
|
|
|
|
Fixed until 11/15/2030,
6.54% (E), 11/15/2035
|
100,000
|
98,681
|
|
Zions Bancorp NA
|
|
|
|
Fixed until 08/19/2034,
6.82% (E), 11/19/2035
|
250,000
|
258,608
|
|
|
|
26,917,315
|
|
Beverages - 0.3%
|
||
|
Anheuser-Busch InBev Worldwide, Inc.
|
|
|
|
3.50%, 06/01/2030
|
288,000
|
275,543
|
|
Constellation Brands, Inc.
|
|
|
|
4.85%, 05/06/2031
|
45,000
|
44,579
|
|
Maple Parent Holdings Corp.
|
|
|
|
5.70%, 03/26/2036 (A)
|
59,000
|
58,641
|
|
Molson Coors Beverage Co.
|
|
|
|
5.50%, 07/08/2036
|
41,000
|
40,280
|
|
PepsiCo, Inc.
|
|
|
|
1.95%, 10/21/2031
|
345,000
|
300,467
|
|
4.45%, 02/07/2028
|
65,000
|
65,056
|
|
4.65%, 07/23/2032
|
50,000
|
49,675
|
|
|
|
834,241
|
|
Biotechnology - 0.3%
|
||
|
Amgen, Inc.
|
|
|
|
4.20%, 02/19/2031
|
43,000
|
41,744
|
|
5.15%, 03/02/2028
|
291,000
|
293,240
|
|
BioMarin Pharmaceutical, Inc.
|
|
|
|
5.50%, 02/15/2034 (A)
|
260,000
|
253,649
|
|
Gilead Sciences, Inc.
|
|
|
|
4.80%, 11/15/2029
|
68,000
|
68,240
|
|
4.90%, 05/20/2034
|
58,000
|
56,846
|
|
5.10%, 06/15/2035 (C)
|
46,000
|
45,521
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Biotechnology (continued)
|
||
|
Royalty Pharma PLC
|
|
|
|
2.15%, 09/02/2031
|
$ 127,000
|
$ 110,604
|
|
5.15%, 09/02/2029
|
43,000
|
43,386
|
|
|
|
913,230
|
|
Building Products - 0.3%
|
||
|
Cemex SAB de CV
|
|
|
|
5.20%, 09/17/2030 (D)
|
300,000
|
298,219
|
|
CRH SMW Finance DAC
|
|
|
|
5.20%, 05/21/2029
|
200,000
|
201,691
|
|
GCC SAB de CV
|
|
|
|
3.61%, 04/20/2032 (D)
|
200,000
|
181,178
|
|
Owens Corning
|
|
|
|
5.50%, 06/15/2027
|
41,000
|
41,326
|
|
St. Mary's Cement, Inc.
|
|
|
|
5.75%, 04/02/2034 (D)
|
200,000
|
200,111
|
|
|
|
922,525
|
|
Capital Markets - 0.2%
|
||
|
HA Sustainable Infrastructure Capital, Inc.
|
|
|
|
6.75%, 07/15/2035
|
90,000
|
91,955
|
|
Fixed until 08/17/2031,
7.13% (E), 11/15/2056
|
63,000
|
63,482
|
|
Fixed until 03/01/2031,
8.00% (E), 06/01/2056
|
285,000
|
299,178
|
|
|
|
454,615
|
|
Chemicals - 1.3%
|
||
|
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3
|
|
|
|
7.13%, 06/15/2033 (A)
|
210,000
|
211,298
|
|
Eastman Chemical Co.
|
|
|
|
4.50%, 02/20/2031
|
59,000
|
57,338
|
|
5.75%, 03/08/2033
|
155,000
|
157,532
|
|
Ecolab, Inc.
|
|
|
|
4.60%, 06/15/2029
|
132,000
|
131,664
|
|
FMC Corp.
|
|
|
|
8.00%, 06/01/2031 (A)
|
110,000
|
113,743
|
|
Fixed until 08/01/2030,
8.45% (E), 11/01/2055
|
1,975,000
|
1,485,517
|
|
GC Treasury Center Co. Ltd.
|
|
|
|
Fixed until 09/10/2030 (F),
6.50% (D)(E)
|
200,000
|
196,649
|
|
MEGlobal BV
|
|
|
|
2.63%, 04/28/2028 (D)
|
200,000
|
188,944
|
|
Methanex Corp.
|
|
|
|
5.25%, 12/15/2029
|
4,000
|
3,965
|
|
Methanex U.S. Operations, Inc.
|
|
|
|
6.25%, 03/15/2032 (A)
|
320,000
|
323,161
|
|
Nutrien Ltd.
|
|
|
|
4.85%, 05/29/2031
|
41,000
|
40,677
|
|
4.90%, 03/27/2028
|
127,000
|
127,390
|
|
OCP SA
|
|
|
|
6.10%, 04/30/2030 (D)
|
200,000
|
201,967
|
|
PPG Industries, Inc.
|
|
|
|
4.38%, 03/15/2031
|
75,000
|
73,117
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Chemicals (continued)
|
||
|
Sociedad Quimica y Minera de Chile SA
|
|
|
|
3.50%, 09/10/2051 (D)
|
$ 200,000
|
$ 129,365
|
|
5.50%, 09/10/2034 (D)
|
250,000
|
246,225
|
|
|
|
3,688,552
|
|
Commercial Services & Supplies - 1.5%
|
||
|
Automatic Data Processing, Inc.
|
|
|
|
5.00%, 05/07/2036
|
71,000
|
69,180
|
|
Clean Harbors, Inc.
|
|
|
|
5.75%, 10/15/2033 (A)
|
295,000
|
293,284
|
|
DP World Ltd.
|
|
|
|
5.63%, 09/25/2048 (D)
|
200,000
|
174,870
|
|
EquipmentShare.com, Inc.
|
|
|
|
7.13%, 07/01/2034 (A)
|
175,000
|
167,147
|
|
8.00%, 03/15/2033 (A)(C)
|
302,000
|
304,287
|
|
8.63%, 05/15/2032 (A)
|
106,000
|
108,409
|
|
ERAC USA Finance LLC
|
|
|
|
5.25%, 04/30/2036 (A)
|
131,000
|
128,159
|
|
GFL Environmental Holdings U.S., Inc.
|
|
|
|
5.50%, 02/01/2034 (A)
|
135,000
|
124,883
|
|
Global Payments, Inc.
|
|
|
|
5.20%, 11/15/2032
|
52,000
|
50,198
|
|
5.55%, 11/15/2035
|
62,000
|
59,047
|
|
Herc Holdings, Inc.
|
|
|
|
7.00%, 06/15/2030 (A)
|
68,000
|
70,126
|
|
7.25%, 06/15/2033 (A)
|
285,000
|
294,080
|
|
Hertz Corp.
|
|
|
|
12.63%, 07/15/2029 (A)(C)
|
310,000
|
202,184
|
|
Mobius Merger Sub, Inc.
|
|
|
|
9.00%, 06/01/2030 (A)
|
375,000
|
256,648
|
|
Quanta Services, Inc.
|
|
|
|
2.35%, 01/15/2032
|
61,000
|
52,974
|
|
5.10%, 08/09/2035
|
40,000
|
38,841
|
|
Republic Services, Inc.
|
|
|
|
4.75%, 07/15/2031
|
59,000
|
58,600
|
|
S&P Global, Inc.
|
|
|
|
2.95%, 03/01/2029
|
420,000
|
402,380
|
|
4.25%, 01/15/2031 (A)
|
39,000
|
37,887
|
|
Shift4 Payments LLC/Shift4 Payments
Finance Sub, Inc.
|
|
|
|
6.75%, 08/15/2032 (A)
|
309,000
|
309,437
|
|
Sunbelt Rentals Holdings, Inc.
|
|
|
|
5.65%, 08/12/2036 (A)
|
23,000
|
22,628
|
|
Triton Container International Ltd.
|
|
|
|
3.15%, 06/15/2031 (A)
|
445,000
|
399,176
|
|
Triton Container International Ltd./TAL
International Container Corp.
|
|
|
|
5.15%, 02/15/2033
|
87,000
|
84,181
|
|
Verisk Analytics, Inc.
|
|
|
|
4.45%, 03/15/2031
|
62,000
|
60,212
|
|
Waste Management, Inc.
|
|
|
|
4.88%, 02/15/2029
|
73,000
|
73,356
|
|
WEX, Inc.
|
|
|
|
6.50%, 03/15/2033 (A)
|
311,000
|
309,014
|
|
|
|
4,151,188
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Communications Equipment - 3.6%
|
||
|
America Movil SAB de CV
|
|
|
|
4.38%, 07/16/2042 - 04/22/2049
|
$ 400,000
|
$ 325,945
|
|
APLD ComputeCo 2 LLC
|
|
|
|
6.75%, 03/15/2031 (A)
|
416,000
|
406,644
|
|
APLD ComputeCo 3 LLC
|
|
|
|
7.00%, 06/15/2031 (A)
|
84,000
|
81,923
|
|
AT&T, Inc.
|
|
|
|
4.40%, 04/30/2031
|
365,000
|
354,698
|
|
4.75%, 04/30/2033
|
48,000
|
46,075
|
|
5.40%, 02/15/2034
|
20,000
|
19,870
|
|
Beacon Point DC LLC
|
|
|
|
6.13%, 11/30/2042 (A)
|
78,000
|
74,843
|
|
Bell Telephone Co. of Canada or Bell
Canada
|
|
|
|
Fixed until 06/15/2030,
6.88% (E), 09/15/2055
|
185,000
|
186,541
|
|
Fixed until 06/15/2035,
7.00% (E), 09/15/2055
|
316,000
|
318,515
|
|
Bharti Airtel Ltd.
|
|
|
|
3.25%, 06/03/2031 (D)
|
250,000
|
230,425
|
|
Black Pearl Compute LLC
|
|
|
|
6.13%, 02/15/2031 (A)
|
345,000
|
344,422
|
|
C&W Senior Finance Ltd.
|
|
|
|
9.00%, 01/15/2033 (A)
|
300,000
|
304,801
|
|
Cas Capital No. 2 Ltd.
|
|
|
|
Fixed until 01/13/2031 (F),
6.25% (D)(E)
|
200,000
|
199,414
|
|
Cisco Systems, Inc.
|
|
|
|
5.10%, 02/24/2035
|
158,000
|
156,258
|
|
Connect Finco SARL/Connect
U.S. Finco LLC
|
|
|
|
9.00%, 09/15/2029 (A)
|
400,000
|
419,592
|
|
Core Scientific Finance I LLC
|
|
|
|
7.75%, 05/15/2031 (A)
|
350,000
|
342,729
|
|
ELK Grove Village Property LLC
|
|
|
|
7.50%, 06/15/2031 (A)
|
220,000
|
211,916
|
|
Flash Compute LLC
|
|
|
|
7.25%, 12/31/2030 (A)
|
315,000
|
318,094
|
|
Galaxy Helios Data Centers II LLC
|
|
|
|
9.88%, 08/01/2031 (A)
|
400,000
|
401,088
|
|
Iliad Holding SAS
|
|
|
|
7.00%, 04/15/2032 (A)
|
604,000
|
609,221
|
|
Meridian Arc Holdco LLC
|
|
|
|
6.25%, 04/30/2031 (A)
|
365,000
|
350,704
|
|
PR RNO Property Owner 1 LLC
|
|
|
|
6.50%, 05/01/2031 (A)
|
365,000
|
343,691
|
|
Rogers Communications, Inc.
|
|
|
|
Fixed until 02/14/2030,
7.00% (E), 04/15/2055
|
95,000
|
95,570
|
|
Fixed until 02/14/2035,
7.13% (E), 04/15/2055
|
182,000
|
183,684
|
|
Sable International Finance Ltd.
|
|
|
|
7.13%, 10/15/2032 (A)
|
400,000
|
395,075
|
|
SoftBank Group Corp.
|
|
|
|
8.25%, 10/22/2031 (D)
|
380,000
|
382,655
|
|
STC Sukuk Co. II Ltd.
|
|
|
|
4.49%, 01/15/2031 (A)
|
310,000
|
301,429
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Communications Equipment (continued)
|
||
|
Stingray Compute LLC
|
|
|
|
6.00%, 06/15/2031 (A)
|
$ 80,000
|
$ 78,046
|
|
TELUS Corp.
|
|
|
|
Fixed until 03/09/2036,
6.63% (E), 06/09/2056
|
900,000
|
879,003
|
|
T-Mobile USA, Inc.
|
|
|
|
3.38%, 04/15/2029
|
274,000
|
263,553
|
|
Veon Midco BV
|
|
|
|
7.45%, 06/01/2033 (A)
|
200,000
|
198,270
|
|
Verizon Communications, Inc.
|
|
|
|
4.02%, 12/03/2029
|
316,000
|
308,418
|
|
4.50%, 08/10/2033
|
104,000
|
98,635
|
|
5.25%, 04/02/2035
|
91,000
|
88,716
|
|
Viasat, Inc.
|
|
|
|
7.50%, 05/30/2031 (A)(C)
|
92,000
|
91,977
|
|
Vodafone Group PLC
|
|
|
|
6.15%, 02/27/2037
|
150,000
|
154,728
|
|
Xiaomi Best Time International Ltd.
|
|
|
|
2.88%, 07/14/2031 (D)
|
200,000
|
181,248
|
|
Zayo Group Holdings, Inc.
|
|
|
|
PIK Rate 1.88%, Cash Rate 7.13%,
09/09/2030 (A)(B)
|
456,348
|
447,221
|
|
|
|
10,195,637
|
|
Construction & Engineering - 0.3%
|
||
|
Ashton Woods USA LLC/Ashton Woods
Finance Co.
|
|
|
|
6.88%, 08/01/2033 (A)
|
315,000
|
314,266
|
|
IHS Holding Ltd.
|
|
|
|
8.25%, 11/29/2031 (A)(C)
|
200,000
|
208,538
|
|
Lennar Corp.
|
|
|
|
5.20%, 07/30/2030
|
40,000
|
40,187
|
|
MasTec, Inc.
|
|
|
|
5.90%, 06/15/2029
|
60,000
|
61,331
|
|
Mattamy Group Corp.
|
|
|
|
4.63%, 03/01/2030 (A)
|
226,000
|
216,590
|
|
6.00%, 12/15/2033 (A)
|
140,000
|
133,263
|
|
|
|
974,175
|
|
Consumer Staples Distribution & Retail - 1.2%
|
||
|
Academy Ltd.
|
|
|
|
5.88%, 05/15/2031 (A)
|
210,000
|
207,734
|
|
Arcos Dorados BV
|
|
|
|
6.38%, 01/29/2032 (D)
|
200,000
|
206,647
|
|
AutoNation, Inc.
|
|
|
|
4.45%, 01/15/2029
|
29,000
|
28,625
|
|
Darden Restaurants, Inc.
|
|
|
|
4.35%, 10/15/2027
|
35,000
|
34,894
|
|
El Puerto de Liverpool SAB de CV
|
|
|
|
5.75%, 02/10/2038 (A)
|
255,000
|
239,062
|
|
FirstCash, Inc.
|
|
|
|
6.13%, 05/01/2034 (A)
|
230,000
|
226,733
|
|
6.88%, 03/01/2032 (A)
|
170,000
|
172,443
|
|
Home Depot, Inc.
|
|
|
|
4.90%, 04/15/2029
|
45,000
|
45,386
|
|
LBM Acquisition LLC
|
|
|
|
9.50%, 06/15/2031 (A)(C)
|
360,000
|
301,374
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Consumer Staples Distribution & Retail (continued)
|
||
|
McDonald's Corp.
|
|
|
|
4.80%, 08/14/2028
|
$ 332,000
|
$ 333,335
|
|
Murphy Oil USA, Inc.
|
|
|
|
4.75%, 09/15/2029
|
110,000
|
108,045
|
|
5.88%, 06/01/2034 (A)
|
250,000
|
247,699
|
|
O'Reilly Automotive, Inc.
|
|
|
|
3.60%, 09/01/2027
|
30,000
|
29,725
|
|
Park River Holdings, Inc.
|
|
|
|
8.00%, 03/15/2031 (A)
|
271,000
|
269,758
|
|
8.75%, 12/31/2030 (A)(C)
|
96,973
|
89,175
|
|
Petco Health & Wellness Co., Inc.
|
|
|
|
8.25%, 02/01/2031 (A)
|
255,000
|
255,815
|
|
PetSmart LLC/PetSmart Finance Corp.
|
|
|
|
10.00%, 09/15/2033 (A)
|
275,000
|
273,601
|
|
QXO Building Products, Inc.
|
|
|
|
6.50%, 07/15/2031 (A)
|
55,000
|
55,223
|
|
6.75%, 04/30/2032 (A)
|
169,000
|
172,593
|
|
6.88%, 07/15/2034 (A)
|
55,000
|
55,082
|
|
Walmart, Inc.
|
|
|
|
3.95%, 09/09/2027
|
166,000
|
165,530
|
|
|
|
3,518,479
|
|
Containers & Packaging - 0.7%
|
||
|
Amcor Flexibles North America, Inc.
|
|
|
|
2.69%, 05/25/2031
|
199,000
|
178,942
|
|
AptarGroup, Inc.
|
|
|
|
4.75%, 03/30/2031
|
81,000
|
79,636
|
|
Ardagh Metal Packaging Finance
USA LLC/Ardagh Metal Packaging
Finance PLC
|
|
|
|
6.25%, 01/30/2031 (A)
|
290,000
|
291,955
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
6.75%, 04/15/2032 (A)
|
25,000
|
23,808
|
|
8.75%, 04/15/2030 (A)
|
349,000
|
333,541
|
|
Crown Americas LLC
|
|
|
|
5.25%, 04/01/2030
|
65,000
|
64,856
|
|
5.88%, 06/01/2033
|
110,000
|
109,776
|
|
Packaging Corp. of America
|
|
|
|
5.70%, 12/01/2033
|
189,000
|
192,934
|
|
Silgan Holdings, Inc.
|
|
|
|
4.13%, 02/01/2028
|
230,000
|
226,615
|
|
Sonoco Products Co.
|
|
|
|
4.60%, 09/01/2029
|
69,000
|
68,219
|
|
Sword Purchaser LLC
|
|
|
|
8.25%, 04/15/2033 (A)
|
308,000
|
315,033
|
|
|
|
1,885,315
|
|
Distributors - 0.3%
|
||
|
ADI Escrow Issuer LLC
|
|
|
|
7.13%, 07/15/2034 (A)
|
184,000
|
187,578
|
|
Dealer Tire Financial LLC
|
|
|
|
10.38%, 10/01/2031 (A)
|
221,000
|
214,644
|
|
Veritiv Operating Co.
|
|
|
|
10.50%, 11/30/2030 (A)
|
305,000
|
312,909
|
|
|
|
715,131
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Diversified REITs - 0.4%
|
||
|
American Tower Corp.
|
|
|
|
2.30%, 09/15/2031
|
$ 60,000
|
$ 52,385
|
|
4.70%, 12/15/2032
|
27,000
|
26,177
|
|
5.20%, 02/15/2029
|
124,000
|
125,021
|
|
Champion MTN Ltd.
|
|
|
|
2.95%, 06/15/2030 (D)
|
400,000
|
354,510
|
|
Crown Castle, Inc.
|
|
|
|
5.00%, 01/11/2028
|
118,000
|
118,407
|
|
5.60%, 06/01/2029
|
52,000
|
52,874
|
|
SBA Communications Corp.
|
|
|
|
5.45%, 07/15/2033
|
59,000
|
58,715
|
|
Weyerhaeuser Co.
|
|
|
|
4.00%, 04/15/2030
|
230,000
|
222,106
|
|
|
|
1,010,195
|
|
Electric Utilities - 3.3%
|
||
|
AES Andes SA
|
|
|
|
Fixed until 03/10/2030,
8.15% (E), 06/10/2055 (A)
|
500,000
|
523,950
|
|
AES Corp.
|
|
|
|
5.20%, 07/15/2029
|
36,000
|
36,023
|
|
Berkshire Hathaway Energy Co.
|
|
|
|
3.25%, 04/15/2028
|
178,000
|
174,154
|
|
Clean Renewable Power Mauritius Pte.
Ltd.
|
|
|
|
4.25%, 03/25/2027 (D)
|
220,500
|
217,442
|
|
Clearway Energy Operating LLC
|
|
|
|
3.75%, 01/15/2032 (A)
|
345,000
|
309,694
|
|
Colbun SA
|
|
|
|
5.38%, 09/11/2035 (D)
|
200,000
|
196,500
|
|
Cometa Energia SA de CV
|
|
|
|
6.38%, 04/24/2035 (D)
|
194,939
|
198,519
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
4.45%, 03/15/2044
|
71,000
|
58,649
|
|
Dhafrah Pv2 Energy Co. LLC
|
|
|
|
5.79%, 06/30/2053 (A)
|
199,202
|
192,507
|
|
Dominion Energy, Inc.
|
|
|
|
5.25%, 08/01/2033
|
82,000
|
81,986
|
|
5.35%, 06/15/2036
|
70,000
|
68,094
|
|
DTE Energy Co.
|
|
|
|
4.88%, 06/01/2028
|
165,000
|
165,439
|
|
Duke Energy Corp.
|
|
|
|
2.45%, 06/01/2030
|
135,000
|
123,291
|
|
Duke Energy Indiana LLC
|
|
|
|
4.95%, 03/15/2036
|
28,000
|
26,937
|
|
Emera U.S. Finance LLC
|
|
|
|
5.20%, 04/01/2033
|
43,000
|
42,154
|
|
EUSHI Finance, Inc.
|
|
|
|
Fixed until 09/15/2029,
7.63% (E), 12/15/2054
|
450,000
|
465,853
|
|
Evergy Missouri West, Inc.
|
|
|
|
4.70%, 05/21/2029 (A)
|
36,000
|
35,854
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
|
5.20%, 04/01/2028 (A)
|
104,000
|
104,800
|
|
Florida Power & Light Co.
|
|
|
|
5.15%, 06/15/2029
|
86,000
|
87,212
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Electric Utilities (continued)
|
||
|
Kallpa Generacion SA
|
|
|
|
5.50%, 09/11/2035 (A)
|
$ 200,000
|
$ 195,946
|
|
Kentucky Power Co.
|
|
|
|
7.00%, 11/15/2033 (A)
|
110,000
|
116,779
|
|
Liberty Utilities Finance GP 1
|
|
|
|
2.05%, 09/15/2030 (A)
|
47,000
|
41,759
|
|
Minejesa Capital BV
|
|
|
|
4.63%, 08/10/2030 (D)
|
149,270
|
146,322
|
|
Narragansett Electric Co.
|
|
|
|
5.35%, 05/01/2034 (A)
|
47,000
|
46,910
|
|
National Rural Utilities Cooperative
Finance Corp.
|
|
|
|
3.95%, 12/10/2027
|
93,000
|
92,372
|
|
4.15%, 08/25/2028
|
24,000
|
23,772
|
|
4.40%, 05/11/2029
|
105,000
|
104,068
|
|
4.75%, 02/07/2028
|
36,000
|
36,090
|
|
New York State Electric & Gas Corp.
|
|
|
|
5.85%, 08/15/2033 (A)
|
26,000
|
26,698
|
|
NRG Energy, Inc.
|
|
|
|
3.63%, 02/15/2031 (A)
|
390,000
|
359,357
|
|
4.96%, 04/30/2031 (A)
|
47,000
|
45,951
|
|
5.75%, 01/15/2034 (A)
|
50,000
|
48,695
|
|
5.88%, 05/15/2034 (A)
|
185,000
|
181,615
|
|
6.00%, 01/15/2036 (A)
|
25,000
|
24,459
|
|
NSW Electricity Networks Finance Pty. Ltd.
|
|
|
|
Fixed until 08/20/2035,
6.30% (E), 11/20/2055 (D)
|
AUD 130,000
|
88,907
|
|
Oncor Electric Delivery Co. LLC
|
|
|
|
4.15%, 06/01/2032
|
$ 45,000
|
43,048
|
|
Pacific Gas & Electric Co.
|
|
|
|
4.30%, 03/15/2045
|
45,000
|
34,235
|
|
PacifiCorp
|
|
|
|
Fixed until 06/17/2030,
7.38% (E), 09/15/2055
|
684,000
|
680,298
|
|
Pattern Energy Operations LP/Pattern
Energy Operations, Inc.
|
|
|
|
4.50%, 08/15/2028 (A)
|
375,000
|
366,193
|
|
PG&E Corp.
|
|
|
|
Fixed until 12/15/2029,
7.38% (E), 03/15/2055
|
1,000,000
|
1,015,419
|
|
PPL Capital Funding, Inc.
|
|
|
|
5.25%, 09/01/2034
|
27,000
|
26,637
|
|
Public Service Co. of Colorado
|
|
|
|
3.70%, 06/15/2028
|
314,000
|
309,661
|
|
Puget Energy, Inc.
|
|
|
|
Fixed until 06/15/2036,
7.25% (E), 09/15/2056
|
500,000
|
501,616
|
|
ReNew Wind Energy AP2/ReNew Power
Pvt Ltd.
|
|
|
|
4.50%, 07/14/2028 (D)
|
200,000
|
194,038
|
|
Sempra
|
|
|
|
5.25%, 03/15/2036
|
60,000
|
57,896
|
|
Talen Energy Supply LLC
|
|
|
|
6.25%, 02/01/2034 (A)
|
117,000
|
114,755
|
|
6.38%, 05/01/2033 (A)
|
110,000
|
108,329
|
|
6.50%, 02/01/2036 (A)
|
187,000
|
184,667
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Electric Utilities (continued)
|
||
|
Trans-Allegheny Interstate Line Co.
|
|
|
|
5.00%, 01/15/2031 (A)
|
$ 39,000
|
$ 38,878
|
|
Vistra Operations Co. LLC
|
|
|
|
4.30%, 10/15/2028 (A)
|
61,000
|
60,100
|
|
5.55%, 04/30/2036 (A)
|
114,000
|
110,943
|
|
Wisconsin Power & Light Co.
|
|
|
|
3.95%, 09/01/2032
|
88,000
|
82,938
|
|
XPLR Infrastructure Operating Partners LP
|
|
|
|
7.25%, 01/15/2029 (A)(C)
|
364,000
|
375,389
|
|
7.75%, 04/15/2034 (A)
|
285,000
|
298,461
|
|
|
|
9,292,259
|
|
Electrical Equipment - 0.1%
|
||
|
EnerSys
|
|
|
|
4.38%, 12/15/2027 (A)
|
230,000
|
227,236
|
|
Electronic Equipment, Instruments & Components - 0.6%
|
||
|
Allegion U.S. Holding Co., Inc.
|
|
|
|
5.41%, 07/01/2032
|
127,000
|
128,203
|
|
5.60%, 05/29/2034
|
98,000
|
98,472
|
|
Amphenol Corp.
|
|
|
|
3.90%, 11/15/2028
|
49,000
|
48,317
|
|
Fortive Corp.
|
|
|
|
4.75%, 05/15/2031
|
87,000
|
85,480
|
|
Honeywell International, Inc.
|
|
|
|
1.75%, 09/01/2031
|
19,000
|
16,333
|
|
Hubbell, Inc.
|
|
|
|
5.15%, 06/15/2036
|
58,000
|
56,372
|
|
Ingram Micro, Inc.
|
|
|
|
4.75%, 05/15/2029 (A)
|
285,000
|
277,322
|
|
nVent Finance SARL
|
|
|
|
2.75%, 11/15/2031
|
140,000
|
123,862
|
|
Trimble, Inc.
|
|
|
|
6.10%, 03/15/2033
|
252,000
|
259,360
|
|
TTM Technologies, Inc.
|
|
|
|
4.00%, 03/01/2029 (A)
|
310,000
|
297,854
|
|
Vontier Corp.
|
|
|
|
2.95%, 04/01/2031
|
198,000
|
178,779
|
|
|
|
1,570,354
|
|
Energy Equipment & Services - 0.6%
|
||
|
Archrock Partners LP/Archrock Partners
Finance Corp.
|
|
|
|
6.63%, 09/01/2032 (A)
|
95,000
|
96,360
|
|
Archrock Services LP/Archrock Partners
Finance Corp.
|
|
|
|
6.00%, 02/01/2034 (A)
|
190,000
|
185,946
|
|
Greenko Power II Ltd.
|
|
|
|
4.30%, 12/13/2028 (D)
|
197,312
|
188,917
|
|
Greenko Wind Projects Mauritius Ltd.
|
|
|
|
7.25%, 09/27/2028 (D)
|
197,000
|
198,763
|
|
India Cleantech Energy
|
|
|
|
4.70%, 08/10/2026 (D)
|
82,375
|
82,164
|
|
India Green Power Holdings
|
|
|
|
4.00%, 02/22/2027 (D)
|
200,000
|
197,654
|
|
Kodiak Gas Services LLC
|
|
|
|
5.88%, 04/01/2031 (A)
|
243,000
|
240,269
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Energy Equipment & Services (continued)
|
||
|
Kodiak Gas Services LLC (continued)
|
|
|
|
6.50%, 10/01/2033 (A)
|
$ 54,000
|
$ 53,930
|
|
6.75%, 10/01/2035 (A)
|
56,000
|
56,425
|
|
WBI Operating LLC
|
|
|
|
6.25%, 10/15/2030 (A)
|
125,000
|
124,978
|
|
6.50%, 10/15/2033 (A)
|
160,000
|
159,715
|
|
|
|
1,585,121
|
|
Financial Services - 2.6%
|
||
|
Ally Financial, Inc.
|
|
|
|
Fixed until 10/19/2034,
6.65% (E), 01/17/2040
|
160,000
|
156,289
|
|
6.70%, 02/14/2033 (C)
|
150,000
|
152,899
|
|
American Express Co.
|
|
|
|
Fixed until 05/03/2029,
4.44% (E), 05/03/2030
|
98,000
|
97,028
|
|
Fixed until 07/20/2032,
4.92% (E), 07/20/2033
|
35,000
|
34,517
|
|
Fixed until 02/16/2027,
5.10% (E), 02/16/2028
|
97,000
|
97,329
|
|
Caja de Compensacion de Asignacion
Familiar de Los Andes
|
|
|
|
7.00%, 07/30/2029 (D)
|
200,000
|
206,177
|
|
Champions Financing, Inc.
|
|
|
|
8.75%, 02/15/2029 (A)(C)
|
360,000
|
356,222
|
|
Credit Acceptance Corp.
|
|
|
|
6.63%, 03/15/2030 (A)
|
350,000
|
349,624
|
|
CS Treasury Management Services Ltd.
|
|
|
|
(F)9.00% (I), 12/05/2026 (A)
|
295,000
|
302,701
|
|
CS Treasury Management Services P Ltd.
|
|
|
|
(F)9.00% (I), 12/05/2026 (D)
|
30,000
|
30,783
|
|
Equitable America Global Funding
|
|
|
|
4.30%, 12/15/2028 (A)
|
52,000
|
51,380
|
|
Figure Technology Solutions, Inc.
|
|
|
|
8.50%, 07/31/2031 (A)
|
345,000
|
339,564
|
|
Focus Financial Partners LLC
|
|
|
|
6.75%, 09/15/2031 (A)
|
305,000
|
303,094
|
|
Gabx Leasing LLC
|
|
|
|
4.63%, 04/15/2031 (A)
|
41,000
|
40,011
|
|
goeasy Ltd.
|
|
|
|
6.88%, 05/15/2030 - 02/15/2031 (A)
|
437,000
|
393,094
|
|
7.63%, 07/01/2029 (A)
|
218,000
|
206,986
|
|
IIFL Finance Ltd.
|
|
|
|
7.60%, 09/10/2029 - 07/10/2030 (A)
|
400,000
|
398,600
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
6.13%, 11/01/2032 (A)
|
129,000
|
128,355
|
|
6.75%, 05/01/2033 (A)
|
29,000
|
29,555
|
|
7.13%, 04/30/2031 (A)
|
220,000
|
227,045
|
|
Mastercard, Inc.
|
|
|
|
4.35%, 01/15/2032
|
43,000
|
41,862
|
|
Muthoot Finance Ltd.
|
|
|
|
6.38%, 03/02/2030 (A)
|
200,000
|
198,419
|
|
Phoenix Aviation Capital Ltd.
|
|
|
|
9.25%, 07/15/2030 (A)
|
400,000
|
414,131
|
|
Planet Financial Group LLC
|
|
|
|
10.50%, 12/15/2029 (A)
|
175,000
|
170,750
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Financial Services (continued)
|
||
|
Power Finance Corp. Ltd.
|
|
|
|
3.75%, 12/06/2027 (D)
|
$ 200,000
|
$ 196,717
|
|
REC Ltd.
|
|
|
|
3.88%, 07/07/2027 (D)
|
200,000
|
198,005
|
|
RFNA LP
|
|
|
|
7.88%, 02/15/2030 (A)
|
425,000
|
424,851
|
|
Rocket Cos., Inc.
|
|
|
|
6.13%, 08/01/2031 (A)
|
151,000
|
151,688
|
|
6.50%, 06/15/2034 (A)
|
38,000
|
38,300
|
|
Sammaan Capital Ltd.
|
|
|
|
7.50%, 10/16/2030 (D)
|
200,000
|
201,176
|
|
SLM Corp.
|
|
|
|
Fixed until 05/15/2031,
6.50% (E), 05/15/2032
|
210,000
|
209,248
|
|
Sumisho Air Lease Corp.
|
|
|
|
Fixed until 12/15/2026 (F),
4.13% (E)
|
110,000
|
108,340
|
|
Fixed until 09/15/2026 (F),
8.26% (E)
|
254,000
|
254,626
|
|
SURA Asset Management SA
|
|
|
|
6.35%, 05/13/2032 (D)
|
300,000
|
311,370
|
|
Synchrony Financial
|
|
|
|
5.15%, 03/19/2029
|
35,000
|
34,908
|
|
Fixed until 10/15/2029,
5.45% (E), 10/15/2030
|
36,000
|
36,048
|
|
7.25%, 02/02/2033
|
57,000
|
58,583
|
|
VFH Parent LLC/Valor Co-Issuer, Inc.
|
|
|
|
7.50%, 06/15/2031 (A)
|
290,000
|
300,711
|
|
Visa, Inc.
|
|
|
|
4.40%, 02/12/2033
|
47,000
|
45,649
|
|
|
|
7,296,635
|
|
Food Products - 2.0%
|
||
|
Albertsons Cos., Inc./Safeway, Inc./New
Albertsons LP
|
|
|
|
5.50%, 03/31/2031 (A)
|
64,000
|
61,496
|
|
5.75%, 03/31/2034 (A)
|
537,000
|
499,271
|
|
6.25%, 03/15/2033 (A)
|
65,000
|
62,957
|
|
Cencosud SA
|
|
|
|
5.75%, 04/15/2036 (A)
|
280,000
|
276,257
|
|
Conagra Brands, Inc.
|
|
|
|
5.40%, 08/01/2031
|
21,000
|
20,982
|
|
Gruma SAB de CV
|
|
|
|
5.39%, 12/09/2034 (D)
|
200,000
|
196,200
|
|
Grupo Nutresa SA
|
|
|
|
Fixed until 10/21/2031 (F),
7.88% (A)(E)
|
500,000
|
493,450
|
|
Hershey Co.
|
|
|
|
4.55%, 02/24/2028
|
176,000
|
176,434
|
|
Indofood CBP Sukses Makmur Tbk. PT
|
|
|
|
3.54%, 04/27/2032 (D)
|
200,000
|
179,722
|
|
Industrial F&B Investments III, Inc.
|
|
|
|
7.75%, 02/11/2033 (A)
|
315,000
|
319,821
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings
|
|
|
|
6.25%, 03/01/2056
|
200,000
|
187,164
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Food Products (continued)
|
||
|
Kellanova
|
|
|
|
7.45%, 04/01/2031
|
$ 124,000
|
$ 136,793
|
|
Kraft Heinz Foods Co.
|
|
|
|
5.20%, 03/15/2032
|
39,000
|
39,055
|
|
Kroger Co.
|
|
|
|
5.00%, 09/15/2034
|
37,000
|
35,860
|
|
Land O' Lakes Capital Trust I
|
|
|
|
7.45%, 03/15/2028 (A)
|
190,000
|
193,800
|
|
Land O'Lakes, Inc.
|
|
|
|
(F)7.00%, 09/18/2028 (A)
|
1,770,000
|
1,557,600
|
|
Mars, Inc.
|
|
|
|
4.65%, 04/20/2031 (A)
|
169,000
|
167,256
|
|
Performance Food Group, Inc.
|
|
|
|
5.63%, 03/01/2034 (A)
|
270,000
|
261,899
|
|
Post Holdings, Inc.
|
|
|
|
6.25%, 10/15/2034 (A)
|
385,000
|
374,323
|
|
Sysco Corp.
|
|
|
|
4.40%, 07/25/2031
|
99,000
|
95,622
|
|
4.45%, 03/15/2048
|
48,000
|
37,218
|
|
U.S. Foods, Inc.
|
|
|
|
5.75%, 04/15/2033 (A)
|
235,000
|
232,514
|
|
|
|
5,605,694
|
|
Gas Utilities - 0.4%
|
||
|
AltaGas Ltd.
|
|
|
|
Fixed until 07/17/2034,
7.20% (E), 10/15/2054 (A)
|
1,000,000
|
1,034,406
|
|
Grupo Energia Bogota SA ESP
|
|
|
|
4.88%, 05/15/2030 (D)
|
250,000
|
242,450
|
|
|
|
1,276,856
|
|
Health Care Equipment & Supplies - 0.4%
|
||
|
Abbott Laboratories
|
|
|
|
4.75%, 03/15/2038
|
49,000
|
46,088
|
|
Agilent Technologies, Inc.
|
|
|
|
2.30%, 03/12/2031
|
127,000
|
113,055
|
|
2.75%, 09/15/2029
|
99,000
|
93,187
|
|
Avantor Funding, Inc.
|
|
|
|
3.88%, 11/01/2029 (A)
|
315,000
|
300,503
|
|
Baxter International, Inc.
|
|
|
|
5.65%, 12/15/2035
|
30,000
|
29,320
|
|
GE HealthCare Technologies, Inc.
|
|
|
|
5.65%, 11/15/2027
|
100,000
|
101,247
|
|
Teleflex, Inc.
|
|
|
|
5.88%, 01/15/2032 (A)
|
250,000
|
247,838
|
|
Thermo Fisher Scientific, Inc.
|
|
|
|
4.47%, 10/07/2032
|
49,000
|
47,582
|
|
5.00%, 01/31/2029
|
45,000
|
45,434
|
|
VSP Optical Group, Inc.
|
|
|
|
5.40%, 06/01/2033 (A)
|
33,000
|
32,634
|
|
|
|
1,056,888
|
|
Health Care Providers & Services - 1.4%
|
||
|
Charles River Laboratories International,
Inc.
|
|
|
|
4.00%, 03/15/2031 (A)
|
320,000
|
298,512
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Health Care Providers & Services (continued)
|
||
|
Cigna Group
|
|
|
|
2.38%, 03/15/2031
|
$ 42,000
|
$ 37,529
|
|
4.38%, 10/15/2028
|
43,000
|
42,711
|
|
Concentra Health Services, Inc.
|
|
|
|
6.88%, 07/15/2032 (A)
|
283,000
|
291,008
|
|
Elevance Health, Inc.
|
|
|
|
2.88%, 09/15/2029
|
159,000
|
150,057
|
|
HCA, Inc.
|
|
|
|
3.38%, 03/15/2029
|
12,000
|
11,576
|
|
3.50%, 09/01/2030
|
124,000
|
116,882
|
|
5.45%, 04/01/2031
|
49,000
|
49,617
|
|
5.50%, 03/01/2032
|
56,000
|
56,603
|
|
Humana, Inc.
|
|
|
|
4.88%, 04/01/2030
|
55,000
|
54,575
|
|
5.88%, 03/01/2033
|
502,000
|
510,480
|
|
Fixed until 06/15/2031,
6.63% (E), 09/15/2056
|
500,000
|
491,986
|
|
Molina Healthcare, Inc.
|
|
|
|
3.88%, 05/15/2032 (A)
|
143,000
|
127,875
|
|
6.25%, 01/15/2033 (A)
|
175,000
|
173,052
|
|
Quest Diagnostics, Inc.
|
|
|
|
5.00%, 12/15/2034
|
68,000
|
66,501
|
|
Roche Holdings, Inc.
|
|
|
|
4.37%, 12/02/2032 (A)
|
200,000
|
194,043
|
|
Sotera Health Holdings LLC
|
|
|
|
7.38%, 06/01/2031 (A)
|
284,000
|
294,127
|
|
Star Parent, Inc.
|
|
|
|
9.00%, 10/01/2030 (A)
|
360,000
|
378,041
|
|
Tenet Healthcare Corp.
|
|
|
|
5.50%, 11/15/2032 (A)
|
267,000
|
262,885
|
|
6.00%, 11/15/2033 (A)
|
320,000
|
321,024
|
|
UnitedHealth Group, Inc.
|
|
|
|
4.90%, 04/15/2031
|
53,000
|
53,028
|
|
5.15%, 07/15/2034
|
55,000
|
54,556
|
|
|
|
4,036,668
|
|
Health Care REITs - 0.0% *
|
||
|
National Health Investors, Inc.
|
|
|
|
5.35%, 02/01/2033
|
14,000
|
13,719
|
|
Hotel & Resort REITs - 0.1%
|
||
|
RHP Hotel Properties LP/RHP Finance
Corp.
|
|
|
|
5.75%, 03/15/2034 (A)
|
220,000
|
215,441
|
|
Hotels, Restaurants & Leisure - 2.2%
|
||
|
Banijay Entertainment SAS
|
|
|
|
8.13%, 05/01/2029 (A)
|
200,000
|
204,471
|
|
Carnival Corp. Ltd.
|
|
|
|
5.75%, 08/01/2032 (A)
|
30,000
|
29,724
|
|
6.13%, 02/15/2033 (A)
|
435,000
|
435,021
|
|
Champion Path Holdings Ltd.
|
|
|
|
4.85%, 01/27/2028 (D)
|
200,000
|
193,510
|
|
Flutter Treasury DAC
|
|
|
|
5.88%, 06/04/2031 (A)
|
210,000
|
206,877
|
|
Fortune Star BVI Ltd.
|
|
|
|
8.50%, 05/19/2028 (D)
|
300,000
|
305,179
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Hotels, Restaurants & Leisure (continued)
|
||
|
Gohl Capital Ltd.
|
|
|
|
4.25%, 01/24/2027 (D)
|
$ 200,000
|
$ 198,833
|
|
Hilton Grand Vacations
Borrower LLC/Hilton Grand Vacations
Borrower, Inc.
|
|
|
|
5.00%, 06/01/2029 (A)
|
325,000
|
315,139
|
|
Light & Wonder International, Inc.
|
|
|
|
6.25%, 10/01/2033 (A)
|
330,000
|
324,225
|
|
Marriott International, Inc.
|
|
|
|
2.85%, 04/15/2031
|
130,000
|
118,336
|
|
4.50%, 05/01/2033
|
42,000
|
40,073
|
|
5.50%, 04/15/2037
|
28,000
|
27,525
|
|
Melco Resorts Finance Ltd.
|
|
|
|
5.38%, 12/04/2029 (A)
|
225,000
|
217,521
|
|
5.38%, 12/04/2029 (D)
|
200,000
|
193,352
|
|
5.75%, 07/21/2028 (D)
|
200,000
|
198,229
|
|
MGM China Holdings Ltd.
|
|
|
|
6.25%, 05/15/2033 (A)
|
200,000
|
192,393
|
|
NCL Corp. Ltd.
|
|
|
|
5.88%, 01/15/2031 (A)
|
12,000
|
11,469
|
|
6.25%, 09/15/2033 (A)
|
5,000
|
4,753
|
|
6.75%, 02/01/2032 (A)
|
580,000
|
568,495
|
|
Ontario Gaming GTA LP/OTG Co-Issuer,
Inc.
|
|
|
|
8.00%, 08/01/2030 (A)
|
435,000
|
435,066
|
|
Royal Caribbean Cruises Ltd.
|
|
|
|
6.00%, 02/01/2033 (A)
|
335,000
|
337,717
|
|
Sands China Ltd.
|
|
|
|
2.85%, 03/08/2029
|
200,000
|
188,794
|
|
SeaWorld Parks & Entertainment, Inc.
|
|
|
|
5.25%, 08/15/2029 (A)
|
215,000
|
209,451
|
|
Station Casinos LLC
|
|
|
|
6.63%, 03/15/2032 (A)
|
352,000
|
355,685
|
|
Studio City Finance Ltd.
|
|
|
|
5.00%, 01/15/2029 (D)
|
250,000
|
237,868
|
|
6.50%, 01/15/2028 (D)
|
148,000
|
147,554
|
|
Travel & Leisure Co.
|
|
|
|
6.13%, 09/01/2033 (A)
|
201,000
|
197,377
|
|
6.25%, 06/01/2031 (A)
|
155,000
|
155,238
|
|
Voyager Parent LLC
|
|
|
|
9.25%, 07/01/2032 (A)
|
317,000
|
336,805
|
|
|
|
6,386,680
|
|
Industrial REITs - 0.0% *
|
||
|
Goodman U.S. Finance Six LLC
|
|
|
|
5.13%, 10/07/2034 (A)
|
29,000
|
28,016
|
|
Insurance - 2.2%
|
||
|
Acrisure LLC/Acrisure Finance, Inc.
|
|
|
|
6.75%, 07/01/2032 (A)
|
343,000
|
315,147
|
|
7.50%, 11/06/2030 (A)
|
65,000
|
62,865
|
|
Alliant Holdings Intermediate LLC/Alliant
Holdings Co-Issuer
|
|
|
|
6.50%, 10/01/2031 (A)
|
310,000
|
309,738
|
|
Aon North America, Inc.
|
|
|
|
5.30%, 03/01/2031
|
317,000
|
320,196
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Insurance (continued)
|
||
|
Arthur J Gallagher & Co.
|
|
|
|
5.45%, 07/15/2034
|
$ 199,000
|
$ 198,205
|
|
Assurant, Inc.
|
|
|
|
5.55%, 02/15/2036
|
62,000
|
60,588
|
|
Asurion LLC/Asurion Co-Issuer, Inc.
|
|
|
|
8.00%, 12/31/2032 (A)
|
365,000
|
369,244
|
|
8.38%, 02/01/2034 (A)
|
400,000
|
364,443
|
|
Athene Global Funding
|
|
|
|
5.32%, 11/13/2031 (A)
|
120,000
|
118,215
|
|
Baldwin Insurance Group
Holdings LLC/Baldwin Insurance Group
Holdings Finance
|
|
|
|
7.13%, 05/15/2031 (A)
|
189,000
|
190,603
|
|
Chubb INA Holdings LLC
|
|
|
|
4.65%, 08/15/2029
|
124,000
|
123,738
|
|
CRC Insurance Group LLC
|
|
|
|
7.13%, 06/01/2031 (A)
|
320,000
|
319,397
|
|
Global Atlantic Finance Co.
|
|
|
|
Fixed until 07/15/2029,
7.95% (E), 10/15/2054 (A)
|
700,000
|
700,628
|
|
Liberty Mutual Group, Inc.
|
|
|
|
4.30%, 02/01/2061 (A)
|
1,822,000
|
1,116,369
|
|
Manulife Financial Corp.
|
|
|
|
4.99%, 12/11/2035
|
44,000
|
42,397
|
|
Reinsurance Group of America, Inc.
|
|
|
|
Fixed until 06/15/2036,
6.38% (E), 09/15/2056
|
1,500,000
|
1,463,701
|
|
Sompo Holdings, Inc.
|
|
|
|
Fixed until 04/22/2036,
5.41% (E), 04/22/2037 (A)
|
200,000
|
192,071
|
|
Travelers Cos., Inc.
|
|
|
|
4.95%, 07/24/2031
|
105,000
|
104,901
|
|
Unum Group
|
|
|
|
5.25%, 12/15/2035
|
17,000
|
16,345
|
|
|
|
6,388,791
|
|
Internet & Catalog Retail - 1.2%
|
||
|
Alibaba Group Holding Ltd.
|
|
|
|
4.00%, 12/06/2037
|
200,000
|
176,479
|
|
Alphabet, Inc.
|
|
|
|
0.80%, 08/15/2027
|
347,000
|
335,348
|
|
4.40%, 02/15/2033
|
72,000
|
69,066
|
|
5.35%, 11/15/2045
|
94,000
|
85,891
|
|
Amazon.com, Inc.
|
|
|
|
4.55%, 03/13/2033
|
90,000
|
86,951
|
|
4.60%, 07/09/2029
|
203,000
|
202,305
|
|
Arches Buyer, Inc.
|
|
|
|
9.00%, 08/15/2031 (A)
|
195,000
|
196,016
|
|
Gen Digital, Inc.
|
|
|
|
6.25%, 04/01/2033 (A)
|
78,000
|
76,783
|
|
7.13%, 09/30/2030 (A)
|
220,000
|
223,343
|
|
GrubHub Holdings, Inc.
|
|
|
|
PIK Rate 7.00%, Cash Rate 0.00%,
07/31/2030 (A)(B)
|
339,135
|
285,680
|
|
Match Group Holdings II LLC
|
|
|
|
3.63%, 10/01/2031 (A)
|
48,000
|
42,857
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Internet & Catalog Retail (continued)
|
||
|
Match Group Holdings II LLC (continued)
|
|
|
|
4.13%, 08/01/2030 (A)
|
$ 138,000
|
$ 129,117
|
|
6.13%, 09/15/2033 (A)
|
180,000
|
175,256
|
|
Meituan
|
|
|
|
4.63%, 10/02/2029 (A)
|
200,000
|
197,237
|
|
Meta Platforms, Inc.
|
|
|
|
4.60%, 11/15/2032
|
35,000
|
33,691
|
|
Netflix, Inc.
|
|
|
|
4.88%, 04/15/2028
|
178,000
|
178,917
|
|
Prosus NV
|
|
|
|
4.99%, 01/19/2052 (D)
|
200,000
|
153,726
|
|
Rakuten Group, Inc.
|
|
|
|
Fixed until 12/15/2029 (F),
8.13% (D)(E)
|
400,000
|
408,823
|
|
Wayfair LLC
|
|
|
|
6.75%, 11/15/2032 (A)
|
245,000
|
249,412
|
|
7.13%, 05/31/2034 (A)
|
205,000
|
210,595
|
|
|
|
3,517,493
|
|
IT Services - 0.6%
|
||
|
Accenture Capital, Inc.
|
|
|
|
4.50%, 10/04/2034
|
45,000
|
42,271
|
|
4.75%, 07/10/2029
|
47,000
|
46,986
|
|
Apple, Inc.
|
|
|
|
1.40%, 08/05/2028
|
378,000
|
357,155
|
|
Booz Allen Hamilton, Inc.
|
|
|
|
4.00%, 07/01/2029 (A)
|
53,000
|
51,159
|
|
5.38%, 01/30/2030
|
71,000
|
70,996
|
|
5.95%, 04/15/2035 (C)
|
109,000
|
107,091
|
|
CACI International, Inc.
|
|
|
|
6.38%, 06/15/2033 (A)
|
195,000
|
196,509
|
|
Dell International LLC/EMC Corp.
|
|
|
|
4.35%, 02/01/2030
|
69,000
|
67,592
|
|
4.75%, 04/01/2028 - 07/15/2031
|
113,000
|
112,582
|
|
Fortress Intermediate 3, Inc.
|
|
|
|
7.50%, 06/01/2031 (A)
|
235,000
|
239,108
|
|
Hewlett Packard Enterprise Co.
|
|
|
|
4.60%, 03/23/2029
|
42,000
|
41,754
|
|
5.25%, 04/01/2033
|
58,000
|
57,423
|
|
IBM International Capital Pte. Ltd.
|
|
|
|
4.75%, 02/05/2031
|
166,000
|
163,984
|
|
International Business Machines Corp.
|
|
|
|
4.60%, 02/03/2033
|
100,000
|
95,865
|
|
Kyndryl Holdings, Inc.
|
|
|
|
3.15%, 10/15/2031
|
6,000
|
4,999
|
|
|
|
1,655,474
|
|
Machinery - 0.8%
|
||
|
AGCO Corp.
|
|
|
|
5.45%, 03/21/2027
|
86,000
|
86,358
|
|
Caterpillar Financial Services Corp.
|
|
|
|
3.95%, 11/14/2028
|
137,000
|
135,402
|
|
4.10%, 08/15/2028
|
61,000
|
60,583
|
|
4.30%, 05/15/2029
|
67,000
|
66,473
|
|
Caterpillar, Inc.
|
|
|
|
1.90%, 03/12/2031
|
403,000
|
355,900
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Machinery (continued)
|
||
|
CNH Industrial Capital LLC
|
|
|
|
5.10%, 04/20/2029
|
$ 309,000
|
$ 310,537
|
|
Deere & Co.
|
|
|
|
5.45%, 01/16/2035
|
276,000
|
280,690
|
|
Deere Funding Canada Corp.
|
|
|
|
4.15%, 10/09/2030
|
50,000
|
48,765
|
|
4.85%, 07/15/2031
|
59,000
|
58,844
|
|
Esab Corp.
|
|
|
|
5.63%, 04/01/2031 (A)
|
240,000
|
237,098
|
|
GE Vernova, Inc.
|
|
|
|
4.88%, 02/04/2036
|
35,000
|
33,630
|
|
John Deere Capital Corp.
|
|
|
|
1.45%, 01/15/2031
|
199,000
|
172,444
|
|
4.13%, 01/18/2029
|
46,000
|
45,600
|
|
4.40%, 09/08/2031
|
78,000
|
76,467
|
|
4.55%, 06/05/2030
|
9,000
|
8,940
|
|
Solaris Energy Infrastructure LLC
|
|
|
|
6.38%, 05/15/2031 (A)
|
300,000
|
294,696
|
|
Xylem, Inc.
|
|
|
|
5.45%, 06/01/2036
|
38,000
|
38,010
|
|
|
|
2,310,437
|
|
Media - 1.6%
|
||
|
Cable One, Inc.
|
|
|
|
4.00%, 11/15/2030 (A)(C)
|
342,000
|
127,154
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
4.25%, 01/15/2034 (A)(C)
|
430,000
|
351,090
|
|
4.75%, 03/01/2030 (A)
|
135,000
|
126,134
|
|
7.00%, 02/01/2033 (A)(C)
|
150,000
|
143,750
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
|
2.80%, 04/01/2031
|
174,000
|
152,320
|
|
3.50%, 06/01/2041
|
76,000
|
51,421
|
|
Comcast Corp.
|
|
|
|
5.17%, 01/15/2037 (A)
|
129,000
|
120,173
|
|
Cox Communications, Inc.
|
|
|
|
5.45%, 09/01/2034 (A)
|
65,000
|
60,210
|
|
5.70%, 06/15/2033 (A)
|
42,000
|
40,393
|
|
CSC Holdings LLC
|
|
|
|
4.13%, 12/01/2030 (A)
|
235,000
|
131,436
|
|
6.50%, 02/01/2029 (A)
|
445,000
|
251,949
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc.
|
|
|
|
9.25%, 06/01/2032 (A)
|
315,000
|
322,335
|
|
Discovery Global Holdings, Inc.
|
|
|
|
5.05%, 03/15/2042
|
265,000
|
184,175
|
|
Neptune Bidco U.S., Inc.
|
|
|
|
9.29%, 04/15/2029 (A)
|
237,000
|
241,466
|
|
9.50%, 02/15/2033 (A)
|
260,000
|
264,855
|
|
Nexstar Media, Inc.
|
|
|
|
7.25%, 04/15/2034 (A)
|
506,000
|
507,134
|
|
Omnicom Group, Inc.
|
|
|
|
4.20%, 03/02/2029
|
33,000
|
32,418
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Media (continued)
|
||
|
Paramount Global
|
|
|
|
Fixed until 02/28/2027,
6.25% (E), 02/28/2057
|
$ 373,000
|
$ 289,647
|
|
Sirius XM Radio LLC
|
|
|
|
3.88%, 09/01/2031 (A)
|
355,000
|
320,367
|
|
5.88%, 04/15/2032 (A)
|
85,000
|
83,408
|
|
Space Exploration Technologies Corp.
|
|
|
|
5.35%, 07/15/2031 (A)
|
3,000
|
2,920
|
|
5.88%, 07/15/2036 (A)
|
33,000
|
30,825
|
|
Sunrise FinCo I BV
|
|
|
|
4.88%, 07/15/2031 (A)
|
$ 215,000
|
201,571
|
|
Univision Communications, Inc.
|
|
|
|
8.50%, 07/31/2031 (A)
|
350,000
|
349,225
|
|
9.38%, 08/01/2032 (A)
|
215,000
|
214,749
|
|
|
|
4,601,125
|
|
Metals & Mining - 1.7%
|
||
|
Advanced Drainage Systems, Inc.
|
|
|
|
5.38%, 03/01/2034 (A)
|
165,000
|
159,770
|
|
Anglo American Capital PLC
|
|
|
|
2.88%, 03/17/2031 (D)
|
200,000
|
181,621
|
|
6.00%, 04/05/2054 (D)
|
200,000
|
192,383
|
|
AngloGold Ashanti Holdings PLC
|
|
|
|
3.75%, 10/01/2030
|
200,000
|
188,907
|
|
Antofagasta PLC
|
|
|
|
5.63%, 09/09/2035 (A)
|
200,000
|
199,350
|
|
Capstone Copper Corp.
|
|
|
|
6.75%, 03/31/2033 (A)
|
382,000
|
382,858
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
7.00%, 03/15/2032 (A)
|
405,000
|
405,848
|
|
7.38%, 05/01/2033 (A)
|
10,000
|
10,107
|
|
7.63%, 01/15/2034 (A)
|
90,000
|
91,070
|
|
Commercial Metals Co.
|
|
|
|
3.88%, 02/15/2031
|
200,000
|
186,181
|
|
5.75%, 11/15/2033 (A)
|
25,000
|
24,554
|
|
6.00%, 12/15/2035 (A)
|
50,000
|
49,135
|
|
First Quantum Minerals Ltd.
|
|
|
|
6.38%, 02/15/2036 (A)
|
220,000
|
212,882
|
|
Hudbay Minerals, Inc.
|
|
|
|
6.13%, 04/01/2029 (A)
|
180,000
|
180,613
|
|
Industrias Penoles SAB de CV
|
|
|
|
4.75%, 08/06/2050 (D)
|
200,000
|
154,800
|
|
Minera Mexico SA de CV
|
|
|
|
5.63%, 02/12/2032 (A)
|
200,000
|
199,180
|
|
Mineral Resources Ltd.
|
|
|
|
6.00%, 05/01/2032 (A)
|
80,000
|
78,531
|
|
6.25%, 05/01/2034 (A)
|
85,000
|
82,846
|
|
9.25%, 10/01/2028 (A)
|
284,000
|
292,106
|
|
9.25%, 10/01/2028 (D)
|
44,000
|
45,256
|
|
NCIG Holdings Pty. Ltd.
|
|
|
|
12.50% (I), 08/26/2031 (D)
|
200,000
|
207,301
|
|
Novelis Corp.
|
|
|
|
6.38%, 08/15/2033 (A)
|
243,000
|
242,556
|
|
South32 Treasury Ltd.
|
|
|
|
4.35%, 04/14/2032 (A)
|
201,000
|
193,627
|
|
Steel Dynamics, Inc.
|
|
|
|
4.00%, 12/15/2028
|
35,000
|
34,451
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Metals & Mining (continued)
|
||
|
Vale Overseas Ltd.
|
|
|
|
6.40%, 06/28/2054
|
$ 200,000
|
$ 198,250
|
|
Vedanta Resources Finance II PLC
|
|
|
|
9.48%, 07/24/2030 (D)
|
300,000
|
300,931
|
|
Windfall Mining Group, Inc./Groupe Minier
Windfall, Inc.
|
|
|
|
5.85%, 05/13/2032 (A)
|
200,000
|
203,230
|
|
5.85%, 05/13/2032 (D)
|
200,000
|
203,230
|
|
|
|
4,901,574
|
|
Mortgage Real Estate Investment Trusts - 0.4%
|
||
|
Arbor Realty SR, Inc.
|
|
|
|
7.88%, 07/15/2030 (A)(C)
|
360,000
|
327,344
|
|
Blackstone Mortgage Trust, Inc.
|
|
|
|
7.75%, 12/01/2029 (A)
|
292,000
|
301,757
|
|
Ladder Capital Finance
Holdings LLLP/Ladder Capital Finance
Corp.
|
|
|
|
4.75%, 06/15/2029 (A)
|
190,000
|
185,037
|
|
Starwood Property Trust, Inc.
|
|
|
|
5.88%, 08/15/2029 (A)
|
80,000
|
80,134
|
|
6.13%, 06/01/2031 (A)
|
36,000
|
35,915
|
|
6.50%, 07/01/2030 (A)
|
210,000
|
213,283
|
|
|
|
1,143,470
|
|
Oil, Gas & Consumable Fuels - 5.1%
|
||
|
Antero Midstream Partners LP/Antero
Midstream Finance Corp.
|
|
|
|
5.75%, 01/15/2028 (A)
|
150,000
|
149,885
|
|
APA Corp.
|
|
|
|
6.10%, 02/15/2035
|
200,000
|
203,043
|
|
BP Capital Markets America, Inc.
|
|
|
|
4.87%, 11/25/2029
|
132,000
|
132,472
|
|
California Resources Corp.
|
|
|
|
7.25%, 01/15/2035 (A)
|
315,000
|
311,245
|
|
Crescent Energy Finance LLC
|
|
|
|
7.38%, 01/15/2033 (A)
|
150,000
|
150,677
|
|
7.63%, 04/01/2032 (A)
|
193,000
|
195,036
|
|
7.88%, 04/15/2032 (A)
|
40,000
|
40,735
|
|
DBR Land Holdings LLC
|
|
|
|
6.25%, 12/01/2030 (A)
|
255,000
|
257,190
|
|
Delek Logistics Partners LP/Delek
Logistics Finance Corp.
|
|
|
|
6.88%, 06/01/2034 (A)
|
135,000
|
135,650
|
|
7.38%, 06/30/2033 (A)
|
270,000
|
276,116
|
|
Devon Energy Corp.
|
|
|
|
5.40%, 02/15/2035 (A)
|
65,000
|
64,001
|
|
Diamondback Energy, Inc.
|
|
|
|
5.40%, 04/18/2034
|
204,000
|
203,361
|
|
EIG Pearl Holdings SARL
|
|
|
|
3.55%, 08/31/2036 (D)
|
193,983
|
171,768
|
|
Enbridge, Inc.
|
|
|
|
4.60%, 06/20/2028
|
29,000
|
28,946
|
|
Energy Transfer LP
|
|
|
|
4.95%, 05/15/2028
|
178,000
|
178,557
|
|
5.35%, 05/15/2045
|
49,000
|
42,822
|
|
Fixed until 10/15/2036,
6.70% (E), 01/15/2057
|
1,500,000
|
1,477,824
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Oil, Gas & Consumable Fuels (continued)
|
||
|
Enterprise Products Operating LLC
|
|
|
|
4.60%, 01/15/2031
|
$ 36,000
|
$ 35,607
|
|
Esentia Energy Development SAB de CV
|
|
|
|
6.50%, 07/30/2038 (A)
|
200,000
|
191,050
|
|
Excelerate Energy LP
|
|
|
|
8.00%, 05/15/2030 (A)
|
270,000
|
282,874
|
|
Expand Energy Corp.
|
|
|
|
4.75%, 02/01/2032
|
74,000
|
71,718
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
2.94%, 09/30/2040 (D)
|
254,673
|
206,564
|
|
Genesis Energy LP/Genesis Energy
Finance Corp.
|
|
|
|
6.75%, 03/15/2034
|
400,000
|
398,952
|
|
8.00%, 05/15/2033
|
15,000
|
15,605
|
|
GNL Quintero SA
|
|
|
|
4.63%, 07/31/2029 (D)
|
141,280
|
140,163
|
|
Green Palm Bidco SARL
|
|
|
|
6.46%, 06/30/2046 (A)
|
200,000
|
194,689
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
5.85%, 02/23/2036 (D)
|
200,000
|
198,724
|
|
Harvest Midstream I LP
|
|
|
|
7.50%, 05/15/2032 (A)
|
395,000
|
404,988
|
|
HF Sinclair Corp.
|
|
|
|
5.00%, 02/01/2028
|
34,000
|
33,963
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.
|
|
|
|
6.00%, 02/01/2031 (A)
|
133,000
|
129,649
|
|
6.25%, 04/15/2032 (A)
|
50,000
|
48,538
|
|
7.25%, 02/15/2035 (A)
|
255,000
|
252,917
|
|
Howard Midstream Energy Partners LLC
|
|
|
|
6.63%, 01/15/2035 (A)
|
82,000
|
81,955
|
|
7.38%, 07/15/2032 (A)
|
300,000
|
310,099
|
|
Indika Energy Tbk. PT
|
|
|
|
8.75%, 05/07/2029 (D)
|
250,000
|
254,485
|
|
ITT Holdings LLC
|
|
|
|
6.50%, 08/01/2029 (A)
|
445,000
|
440,000
|
|
KazMunayGas National Co. JSC
|
|
|
|
3.50%, 04/14/2033 (D)
|
200,000
|
177,488
|
|
6.38%, 10/24/2048 (D)
|
200,000
|
192,379
|
|
Kinder Morgan, Inc.
|
|
|
|
5.40%, 02/01/2034
|
442,000
|
443,311
|
|
Mongolian Mining Corp.
|
|
|
|
8.44%, 04/03/2030 (D)
|
200,000
|
203,535
|
|
MPLX LP
|
|
|
|
4.80%, 02/15/2031
|
53,000
|
52,321
|
|
5.30%, 04/01/2036
|
33,000
|
31,946
|
|
Murphy Oil Corp.
|
|
|
|
6.50%, 02/15/2034
|
255,000
|
252,155
|
|
NGL Energy Operating LLC/NGL Energy
Finance Corp.
|
|
|
|
8.13%, 02/15/2029 (A)
|
95,000
|
97,383
|
|
8.38%, 02/15/2032 (A)
|
250,000
|
259,972
|
|
Northern Oil & Gas, Inc.
|
|
|
|
7.88%, 10/15/2033 (A)
|
295,000
|
295,211
|
|
Occidental Petroleum Corp.
|
|
|
|
6.45%, 09/15/2036
|
40,000
|
42,101
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Oil, Gas & Consumable Fuels (continued)
|
||
|
ONEOK, Inc.
|
|
|
|
4.75%, 10/15/2031
|
$ 98,000
|
$ 95,945
|
|
ORLEN SA
|
|
|
|
6.00%, 01/30/2035 (D)
|
200,000
|
204,366
|
|
Pertamina Hulu Energi PT
|
|
|
|
5.25%, 05/21/2030 (A)
|
200,000
|
198,160
|
|
Petroleos Mexicanos
|
|
|
|
10.00%, 02/07/2033
|
727,000
|
839,314
|
|
Rio Grande LNG LLC
|
|
|
|
5.75%, 06/30/2036 (A)
|
95,000
|
92,243
|
|
Saudi Arabian Oil Co.
|
|
|
|
5.88%, 07/17/2064 (A)
|
200,000
|
177,094
|
|
Shell Finance U.S., Inc.
|
|
|
|
4.13%, 11/06/2030
|
39,000
|
38,059
|
|
SM Energy Co.
|
|
|
|
6.63%, 04/15/2034 (A)
|
140,000
|
139,136
|
|
8.63%, 11/01/2030 (A)
|
133,000
|
139,615
|
|
Sunoco LP
|
|
|
|
5.88%, 03/15/2034 (A)
|
380,000
|
371,925
|
|
Talos Production, Inc.
|
|
|
|
8.00%, 07/15/2034 (A)
|
122,000
|
123,197
|
|
9.38%, 02/01/2031 (A)
|
181,000
|
190,832
|
|
Thaioil Treasury Center Co. Ltd.
|
|
|
|
Fixed until 01/15/2031 (F),
6.10% (A)(E)
|
200,000
|
194,018
|
|
TotalEnergies Capital USA LLC
|
|
|
|
4.25%, 01/13/2031
|
52,000
|
50,785
|
|
Transportadora de Gas del Peru SA
|
|
|
|
4.25%, 04/30/2028 (D)
|
80,000
|
79,217
|
|
Valaris Ltd.
|
|
|
|
8.38%, 04/30/2030 (A)
|
250,000
|
258,825
|
|
Venture Global Calcasieu Pass LLC
|
|
|
|
6.00%, 05/01/2036 (A)
|
190,000
|
187,781
|
|
Venture Global LNG, Inc.
|
|
|
|
6.38%, 12/15/2034 (A)
|
165,000
|
160,697
|
|
6.63%, 06/15/2036 (A)
|
210,000
|
205,813
|
|
8.38%, 06/01/2031 (A)
|
251,000
|
259,483
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
7.75%, 05/01/2035 (A)
|
282,000
|
312,527
|
|
Western Midstream Operating LP
|
|
|
|
5.50%, 12/15/2035
|
27,000
|
26,277
|
|
Wildfire Intermediate Holdings LLC
|
|
|
|
7.50%, 10/15/2029 (A)
|
206,000
|
212,221
|
|
Williams Cos., Inc.
|
|
|
|
3.75%, 06/15/2027
|
89,000
|
88,449
|
|
Woodside Finance Ltd.
|
|
|
|
5.40%, 05/19/2030
|
111,000
|
111,962
|
|
|
|
14,517,611
|
|
Paper & Forest Products - 0.2%
|
||
|
Inversiones CMPC SA
|
|
|
|
6.13%, 02/26/2034 (A)
|
200,000
|
196,422
|
|
Suzano Netherlands BV
|
|
|
|
5.50%, 01/15/2036
|
350,000
|
333,804
|
|
|
|
530,226
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Passenger Airlines - 0.1%
|
||
|
Air Canada
|
|
|
|
3.88%, 08/15/2026 (A)
|
$ 165,000
|
$ 164,804
|
|
British Airways Pass-Through Trust
|
|
|
|
2.90%, 09/15/2036 (A)
|
14,543
|
13,185
|
|
Southwest Airlines Co.
|
|
|
|
5.25%, 11/15/2035
|
58,000
|
54,983
|
|
WestJet An Alberta Partnership
|
|
|
|
8.00%, 02/14/2031 (A)
|
147,765
|
145,550
|
|
|
|
378,522
|
|
Personal Care Products - 0.4%
|
||
|
Edgewell Personal Care Co.
|
|
|
|
4.13%, 04/01/2029 (A)
|
360,000
|
346,409
|
|
Kenvue, Inc.
|
|
|
|
4.85%, 05/22/2032
|
52,000
|
51,683
|
|
Perrigo Finance Unlimited Co.
|
|
|
|
6.13%, 09/30/2032 (C)
|
320,000
|
304,023
|
|
Prestige Brands, Inc.
|
|
|
|
6.25%, 07/15/2034 (A)
|
247,000
|
247,698
|
|
Procter & Gamble Co.
|
|
|
|
2.85%, 08/11/2027
|
236,000
|
232,702
|
|
3.95%, 01/26/2028
|
79,000
|
78,591
|
|
|
|
1,261,106
|
|
Pharmaceuticals - 0.8%
|
||
|
AbbVie, Inc.
|
|
|
|
3.20%, 11/21/2029
|
327,000
|
311,705
|
|
4.40%, 03/15/2033
|
63,000
|
60,714
|
|
4.95%, 03/15/2031
|
60,000
|
60,276
|
|
Astrazeneca Finance LLC
|
|
|
|
4.85%, 02/26/2029
|
98,000
|
98,623
|
|
4.88%, 03/03/2028
|
79,000
|
79,513
|
|
4.90%, 03/03/2030
|
79,000
|
79,498
|
|
Becton Dickinson & Co.
|
|
|
|
4.30%, 08/22/2032
|
60,000
|
57,526
|
|
4.69%, 02/13/2028
|
74,000
|
74,046
|
|
Bristol-Myers Squibb Co.
|
|
|
|
5.75%, 02/01/2031
|
189,000
|
195,789
|
|
Cardinal Health, Inc.
|
|
|
|
4.50%, 09/15/2030
|
36,000
|
35,405
|
|
Cencora, Inc.
|
|
|
|
5.13%, 02/15/2034
|
25,000
|
24,662
|
|
CVS Health Corp.
|
|
|
|
5.13%, 07/20/2045
|
172,000
|
149,482
|
|
5.55%, 06/01/2031
|
101,000
|
103,038
|
|
Eli Lilly & Co.
|
|
|
|
4.15%, 05/20/2029
|
29,000
|
28,725
|
|
4.75%, 02/12/2030
|
55,000
|
55,150
|
|
GlaxoSmithKline Capital, Inc.
|
|
|
|
4.50%, 04/15/2030
|
52,000
|
51,644
|
|
HLF Financing SARL LLC/Herbalife
International, Inc.
|
|
|
|
4.88%, 06/01/2029 (A)
|
271,000
|
252,027
|
|
7.75%, 05/01/2033 (A)
|
236,000
|
237,496
|
|
McKesson Corp.
|
|
|
|
4.95%, 05/30/2032
|
91,000
|
90,771
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Pharmaceuticals (continued)
|
||
|
Merck & Co., Inc.
|
|
|
|
4.30%, 05/17/2030
|
$ 116,000
|
$ 114,355
|
|
Novartis Capital Corp.
|
|
|
|
4.40%, 03/18/2031
|
95,000
|
93,400
|
|
Pfizer Investment Enterprises Pte. Ltd.
|
|
|
|
4.75%, 05/19/2033
|
60,000
|
58,570
|
|
5.11%, 05/19/2043
|
41,000
|
37,411
|
|
Pfizer, Inc.
|
|
|
|
3.88%, 11/15/2027
|
61,000
|
60,645
|
|
|
|
2,410,471
|
|
Real Estate Management & Development - 1.1%
|
||
|
Aldar Investment Properties Sukuk Ltd.
|
|
|
|
5.25%, 03/25/2035 (D)
|
200,000
|
191,143
|
|
CBRE Services, Inc.
|
|
|
|
4.90%, 01/15/2033
|
38,000
|
36,967
|
|
Corp. Inmobiliaria Vesta SAB de CV
|
|
|
|
5.50%, 01/30/2033 (A)
|
200,000
|
190,486
|
|
Cushman & Wakefield U.S. Borrower LLC
|
|
|
|
6.75%, 05/15/2028 (A)
|
85,000
|
84,999
|
|
Elect Global Investments Ltd.
|
|
|
|
(F)4.85%, 08/31/2026 (D)
|
200,000
|
148,937
|
|
Fixed until 09/11/2030 (F),
7.20% (D)(E)
|
200,000
|
209,530
|
|
Emaar Sukuk Ltd.
|
|
|
|
3.88%, 09/17/2029 (D)
|
400,000
|
385,408
|
|
GLP China Holdings Ltd.
|
|
|
|
7.75%, 04/30/2029 (D)
|
200,000
|
180,391
|
|
GLP Pte. Ltd.
|
|
|
|
Fixed until 06/29/2027 (F),
4.60% (D)(E)
|
240,000
|
132,865
|
|
9.75%, 05/20/2028 (D)
|
260,000
|
235,612
|
|
Greentown China Holdings Ltd.
|
|
|
|
8.45%, 02/24/2028 (D)
|
300,000
|
303,860
|
|
Greystar Real Estate Partners LLC
|
|
|
|
7.75%, 09/01/2030 (A)
|
190,000
|
196,666
|
|
Longfor Group Holdings Ltd.
|
|
|
|
3.38%, 04/13/2027 (D)
|
250,000
|
240,794
|
|
NWD MTN Ltd.
|
|
|
|
8.63%, 02/08/2028 (D)
|
350,000
|
338,181
|
|
PCPD Capital Ltd.
|
|
|
|
7.50%, 05/15/2029
|
200,000
|
198,970
|
|
|
|
3,074,809
|
|
Semiconductors & Semiconductor Equipment - 0.5%
|
||
|
Amkor Technology, Inc.
|
|
|
|
5.88%, 10/01/2033 (A)
|
240,000
|
233,451
|
|
Broadcom, Inc.
|
|
|
|
2.45%, 02/15/2031
|
204,000
|
181,596
|
|
3.19%, 11/15/2036
|
6,000
|
4,773
|
|
4.90%, 07/15/2032
|
48,000
|
46,920
|
|
Entegris, Inc.
|
|
|
|
5.95%, 06/15/2030 (A)
|
250,000
|
250,083
|
|
Foundry JV Holdco LLC
|
|
|
|
6.30%, 01/25/2039 (A)
|
200,000
|
204,916
|
|
Intel Corp.
|
|
|
|
4.15%, 08/05/2032
|
48,000
|
45,170
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Semiconductors & Semiconductor Equipment (continued)
|
||
|
QUALCOMM, Inc.
|
|
|
|
4.75%, 05/20/2032
|
$ 37,000
|
$ 36,548
|
|
SK Hynix, Inc.
|
|
|
|
2.38%, 01/19/2031 (D)
|
400,000
|
358,440
|
|
Texas Instruments, Inc.
|
|
|
|
4.60%, 02/15/2028 (C)
|
166,000
|
166,304
|
|
|
|
1,528,201
|
|
Software - 0.7%
|
||
|
AthenaHealth Group, Inc.
|
|
|
|
6.50%, 02/15/2030 (A)
|
211,000
|
203,526
|
|
CoreWeave, Inc.
|
|
|
|
9.63%, 07/15/2032 (A)
|
155,000
|
138,730
|
|
9.75%, 10/01/2031 (A)
|
302,000
|
274,024
|
|
Intuit, Inc.
|
|
|
|
4.95%, 06/15/2031
|
50,000
|
49,515
|
|
OAK-Eagle Acquireco, Inc.
|
|
|
|
8.75%, 07/01/2034 (A)
|
340,000
|
358,185
|
|
Oracle Corp.
|
|
|
|
2.30%, 03/25/2028
|
90,000
|
85,747
|
|
4.45%, 09/26/2030
|
51,000
|
48,142
|
|
4.50%, 07/08/2044
|
50,000
|
35,012
|
|
5.50%, 08/03/2035
|
50,000
|
45,898
|
|
Rackspace Finance LLC
|
|
|
|
3.50%, 05/15/2028 (A)
|
507,916
|
446,966
|
|
Roper Technologies, Inc.
|
|
|
|
4.25%, 09/15/2028
|
40,000
|
39,613
|
|
UKG, Inc.
|
|
|
|
6.88%, 02/01/2031 (A)
|
300,000
|
293,929
|
|
|
|
2,019,287
|
|
Specialized REITs - 0.1%
|
||
|
Iron Mountain, Inc.
|
|
|
|
6.25%, 01/15/2035 (A)
|
230,000
|
227,105
|
|
Transportation Infrastructure - 0.4%
|
||
|
Burlington Northern Santa Fe LLC
|
|
|
|
4.45%, 03/15/2043
|
141,000
|
120,374
|
|
Federal Express Corp. Pass-Through Trust
|
|
|
|
1.88%, 08/20/2035
|
29,648
|
25,379
|
|
FedEx Freight Holding Co., Inc.
|
|
|
|
4.30%, 03/15/2029 (A)
|
46,000
|
45,189
|
|
GXO Logistics, Inc.
|
|
|
|
6.25%, 05/06/2029
|
47,000
|
48,364
|
|
Kazakhstan Temir Zholy National Co. JSC
|
|
|
|
5.25%, 04/29/2036 (A)
|
200,000
|
189,536
|
|
Penske Truck Leasing Co. LP/PTL Finance
Corp.
|
|
|
|
5.25%, 02/01/2030 (A)
|
91,000
|
91,322
|
|
5.35%, 03/30/2029 (A)
|
25,000
|
25,219
|
|
6.05%, 08/01/2028 (A)
|
78,000
|
79,654
|
|
6.20%, 06/15/2030 (A)
|
108,000
|
111,790
|
|
Star Leasing Co. LLC
|
|
|
|
7.63%, 02/15/2030 (A)
|
216,000
|
210,264
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Transportation Infrastructure (continued)
|
||
|
Stonepeak Nile Parent LLC
|
|
|
|
7.25%, 03/15/2032 (A)
|
$ 324,000
|
$ 333,964
|
|
|
|
1,281,055
|
|
Total Corporate Debt Securities
(Cost $151,930,501)
|
|
149,951,504
|
|
U.S. GOVERNMENT AGENCY OBLIGATIONS - 13.3%
|
||
|
CoBank ACB
|
|
|
|
6.75% (E), 07/01/2031 (F)
|
1,000,000
|
1,005,564
|
|
Federal Home Loan Mortgage Corp.
|
|
|
|
2.00%, 04/01/2052
|
1,081,032
|
843,628
|
|
2.50%, 01/01/2037 - 05/01/2052
|
3,856,310
|
3,255,989
|
|
3.00%, 07/01/2052 - 09/01/2052
|
3,580,274
|
3,061,467
|
|
5.00%, 06/01/2055
|
1,380,810
|
1,333,844
|
|
5.50%, 08/01/2053 - 08/01/2056
|
5,638,127
|
5,594,283
|
|
6.00%, 02/01/2054
|
537,809
|
544,170
|
|
Federal National Mortgage Association
|
|
|
|
2.50%, 04/01/2037 - 07/01/2052
|
10,494,904
|
8,715,533
|
|
4.50%, 05/01/2053 - 07/01/2053
|
2,689,067
|
2,537,452
|
|
5.00%, 03/01/2054 - 12/01/2055
|
2,469,383
|
2,389,423
|
|
5.50%, 09/01/2053 - 09/01/2055
|
2,553,322
|
2,534,335
|
|
Government National Mortgage
Association
|
|
|
|
2.50%, 07/20/2051
|
1,077,631
|
900,331
|
|
3.00%, 09/20/2051 - 02/20/2052
|
3,220,002
|
2,797,329
|
|
4.50%, 03/20/2056
|
1,040,985
|
976,217
|
|
5.50%, 02/20/2055
|
1,410,296
|
1,404,781
|
|
Total U.S. Government Agency Obligations
(Cost $38,170,399)
|
37,894,346
|
|
|
LOAN ASSIGNMENTS - 10.0%
|
||
|
Aerospace & Defense - 0.2%
|
||
|
Fastener Distribution Holdings LLC
|
|
|
|
Delayed Draw Term Loan,
TBD, 07/23/2033 (J)(K)
|
11,619
|
11,604
|
|
Term Loan B,
TBD, 07/23/2033 (J)(K)
|
50,832
|
50,769
|
|
|
||
|
|
||
|
Phoenix Aviation Capital LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 10/28/2030
|
216,796
|
216,186
|
|
TransDigm, Inc.
|
|
|
|
Term Loan M,
1-Month Term SOFR + 2.50%,
6.23% (E), 08/19/2032
|
163,476
|
163,718
|
|
Term Loan N,
1-Month Term SOFR + 2.50%,
6.23% (E), 02/13/2033
|
94,104
|
94,194
|
|
|
|
536,471
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Automobile Components - 0.1%
|
||
|
American Axle & Manufacturing, Inc.
Term Loan C,
1-Month Term SOFR + 3.25%, 3-Month
Term SOFR + 3.25%,
6.92% (E), 02/03/2033
|
$ 167,877
|
$ 168,507
|
|
Clarios Global LP
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 01/28/2032
|
99,900
|
100,025
|
|
First Brands Group LLC
|
|
|
|
Term Loan,
1-Month Term SOFR + 7.00%,
10.76% (E), 03/30/2027 (G)(H)
|
85,454
|
70
|
|
Term Loan B,
1-Month Term SOFR -1.00%,
2.67% (E), 06/29/2027
|
247,098
|
618
|
|
|
||
|
|
||
|
IXS Holdings, Inc.
Repriced Term Loan B,
3-Month Term SOFR + 5.50%,
9.32% (E), 09/05/2029
|
99,448
|
99,034
|
|
Stonepeak Motion Finco LLC
Term Loan B,
TBD, 06/24/2033 (J)(K)
|
71,754
|
71,694
|
|
|
|
439,948
|
|
Banks - 0.1%
|
||
|
Ascensus Group Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 3.00%,
6.73% (E), 11/25/2032
|
131,543
|
128,665
|
|
Chrysaor Bidco SARL
Term Loan B,
3-Month Term SOFR + 3.00%,
6.76% (E), 10/30/2031
|
98,926
|
99,235
|
|
|
|
227,900
|
|
Beverages - 0.1%
|
||
|
Pegasus BidCo BV
Term Loan B,
3-Month Term SOFR + 2.50%,
6.17% (E), 07/12/2032
|
169,744
|
169,903
|
|
Biotechnology - 0.0% *
|
||
|
Grifols Worldwide Operations USA, Inc.
Term Loan B,
6-Month Term SOFR + 2.50%,
6.19% (E), 04/14/2033
|
63,404
|
63,472
|
|
Building Products - 0.2%
|
||
|
Chamberlain Group, Inc.
Term Loan B,
1-Month Term SOFR + 3.00%,
6.73% (E), 09/08/2032
|
99,169
|
99,218
|
|
Groundworks LLC
Term Loan,
1-Month Term SOFR + 3.50%,
7.22% (E), 03/14/2031
|
176,958
|
177,179
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Building Products (continued)
|
||
|
Icebox Holdco III, Inc.
1st Lien Term Loan,
3-Month Term SOFR + 3.25%,
6.98% (E), 12/22/2031 (K)
|
$ 152,257
|
$ 152,828
|
|
Quikrete Holdings, Inc.
Term Loan B1,
1-Month Term SOFR + 2.25%,
5.98% (E), 04/14/2031
|
203,343
|
203,459
|
|
|
|
632,684
|
|
Capital Markets - 0.2%
|
||
|
Dragon Buyer, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 09/30/2031
|
182,359
|
144,246
|
|
NEXUS Buyer LLC
Term Loan B,
1-Month Term SOFR + 3.50%,
7.23% (E), 07/31/2031
|
334,461
|
323,777
|
|
|
|
468,023
|
|
Chemicals - 0.1%
|
||
|
BASF Coatings
Term Loan B,
3-Month Term SOFR + 3.50%,
7.24% (E), 06/29/2033
|
31,973
|
32,106
|
|
Nouryon Finance BV
Term Loan B,
3-Month Term SOFR + 3.50%,
7.23% (E), 07/08/2031
|
247,403
|
247,197
|
|
SCIH Salt Holdings, Inc.
Term Loan B,
TBD, 07/30/2031 (J)(K)
|
132,283
|
131,498
|
|
|
|
410,801
|
|
Commercial Services & Supplies - 1.4%
|
||
|
Action Environmental Group, Inc.
Term Loan B,
3-Month Term SOFR + 3.00%,
6.73% (E), 10/24/2030
|
206,679
|
204,871
|
|
Allied Universal Holdco LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 08/20/2032
|
209,179
|
209,712
|
|
Camelot U.S. Acquisition LLC
Term Loan B,
1-Month Term SOFR + 2.75%,
6.48% (E), 01/31/2031
|
140,000
|
130,165
|
|
Creative Artists Agency LLC
Repriced Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 10/01/2031
|
204,545
|
204,289
|
|
EnergySolutions LLC
Term Loan B,
TBD, 07/23/2033 (J)(K)
|
41,415
|
41,433
|
|
Garda World Security Corp.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.51% (E), 02/01/2029
|
169,561
|
169,349
|
|
GFL Environmental, Inc.
Term Loan B,
3-Month Term SOFR + 2.50%,
6.16% (E), 03/03/2032
|
196,915
|
197,038
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Commercial Services & Supplies (continued)
|
||
|
Groupe Solmax, Inc.
Term Loan,
1-Month Term SOFR + 4.75%, 3-Month
Term SOFR + 4.75%,
8.60% (E), 05/29/2028
|
$ 203,478
|
$ 187,163
|
|
Herc Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 1.75%,
5.43% (E), 06/02/2032
|
39,413
|
39,395
|
|
Hertz Corp.
Term Loan B,
3-Month Term SOFR + 3.75%,
7.57% (E), 06/30/2028
|
208,378
|
113,045
|
|
Homeserve USA Holding Corp.
Term Loan B,
1-Month Term SOFR + 2.00%,
5.67% (E), 10/21/2030
|
197,475
|
196,699
|
|
LRS Holdings LLC
Term Loan B,
TBD, 07/29/2033 (J)(K)
|
101,672
|
101,418
|
|
Madison IAQ LLC
Term Loan B,
6-Month Term SOFR + 1.75%,
5.47% (E), 05/06/2032
|
154,318
|
154,097
|
|
Mavis Tire Express Services Corp.
Repriced Term Loan,
6-Month Term SOFR + 3.00%,
6.67% (E), 05/04/2028
|
231,208
|
230,603
|
|
Moneygram International, Inc.
Term Loan B,
1-Month Term SOFR + 4.75%,
8.43% (E), 06/03/2030
|
186,723
|
125,851
|
|
Parexel International Corp.
Repriced Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 12/12/2031
|
147,229
|
147,487
|
|
PG Investment Co. 59 SARL
Repriced Term Loan B,
3-Month Term SOFR + 2.00%,
5.73% (E), 03/26/2031 (K)
|
221,991
|
221,658
|
|
Prometric Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 3.75%,
7.48% (E), 06/25/2032
|
204,677
|
204,567
|
|
Reworld Holding Corp.
|
|
|
|
1st Lien Term Loan B,
1-Month Term SOFR + 2.25%,
5.99% (E), 01/15/2031
|
65,694
|
65,632
|
|
1st Lien Term Loan C,
1-Month Term SOFR + 2.25%,
5.92% (E), 01/15/2031
|
20,942
|
20,935
|
|
Term Loan B1,
1-Month Term SOFR + 2.25%,
5.92% (E), 01/15/2031
|
128,549
|
128,509
|
|
|
||
|
|
||
|
Ryan LLC
Term Loan,
1-Month Term SOFR + 3.50%,
7.23% (E), 11/05/2032
|
278,324
|
278,463
|
|
Spring Education Group, Inc.
Term Loan,
3-Month Term SOFR + 3.25%,
6.98% (E), 10/04/2030
|
144,939
|
144,531
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Commercial Services & Supplies (continued)
|
||
|
|
||
|
Tidal Waste & Recycling Holdings LLC
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 10/24/2031
|
$ 147,028
|
$ 147,029
|
|
United Talent Agency LLC
Term Loan B,
1-Month Term SOFR + 2.50%,
6.17% (E), 06/10/2032
|
155,760
|
155,955
|
|
Wand NewCo 3, Inc.
Repriced Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 01/30/2031
|
143,391
|
143,705
|
|
|
|
3,963,599
|
|
Communications Equipment - 0.3%
|
||
|
Connect Finco SARL
Term Loan B,
1-Month Term SOFR + 4.50%,
8.23% (E), 09/27/2029
|
199,397
|
200,095
|
|
Coral-U.S. Co-Borrower LLC
Term Loan B7,
3-Month Term SOFR + 3.25%,
7.00% (E), 01/31/2032
|
225,000
|
219,516
|
|
ViaSat, Inc.
Term Loan,
1-Month Term SOFR + 4.50%,
8.29% (E), 03/02/2029
|
236,036
|
237,478
|
|
Zayo Group Holdings, Inc.
Term Loan,
1-Month Term SOFR + 3.00%, PIK Rate
0.50%, Cash Rate 0.00%,
03/11/2030 (B)
|
160,749
|
160,905
|
|
|
|
817,994
|
|
Construction & Engineering - 0.2%
|
||
|
Azuria Water Solutions, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 04/25/2033
|
141,573
|
140,953
|
|
Brown Group Holding LLC
Term Loan B2,
1-Month Term SOFR + 2.50%, 3-Month
Term SOFR + 2.50%,
6.17% (E), 07/01/2031
|
129,818
|
130,061
|
|
Green Infrastructure Partners, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 09/24/2032
|
114,366
|
114,509
|
|
Osmose Utilities Services, Inc.
Term Loan,
1-Month Term SOFR + 3.25%,
7.10% (E), 06/23/2028
|
207,064
|
206,374
|
|
|
|
591,897
|
|
Consumer Staples Distribution & Retail - 0.9%
|
||
|
BCPE Grill Parent
Term Loan B,
3-Month Term SOFR + 4.75%,
8.42% (E), 09/30/2030
|
149,272
|
141,062
|
|
Dave & Buster's, Inc.
Term Loan B,
3-Month Term SOFR + 3.25%,
6.92% (E), 06/29/2029
|
109,898
|
95,825
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Consumer Staples Distribution & Retail (continued)
|
||
|
EG America LLC
Term Loan B,
3-Month Term SOFR + 3.25%,
6.92% (E), 02/10/2031
|
$ 99,565
|
$ 99,855
|
|
Gulfside Supply, Inc.
Term Loan B,
3-Month Term SOFR + 3.00%,
6.73% (E), 06/17/2031
|
205,209
|
178,092
|
|
LBM Acquisition LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
7.57% (E), 06/06/2031
|
194,728
|
155,296
|
|
Park River Holdings, Inc.
Term Loan,
3-Month Term SOFR + 4.50%,
8.23% (E), 03/15/2031 (K)
|
153,080
|
152,976
|
|
Peer Holding III BV
Term Loan B5B,
3-Month Term SOFR + 2.50%,
6.23% (E), 07/01/2031
|
170,494
|
170,814
|
|
Petco Health & Wellness Co., Inc.
Term Loan B,
3-Month Term SOFR + 4.25%,
7.98% (E), 02/03/2031
|
205,793
|
205,150
|
|
PetSmart, Inc.
Term Loan B,
1-Month Term SOFR + 4.00%,
7.72% (E), 08/18/2032
|
249,373
|
249,685
|
|
QXO, Inc.
|
|
|
|
Term Loan B,
1-Month Term SOFR + 2.00%,
5.73% (E), 04/30/2032
|
150,568
|
150,358
|
|
Term Loan B,
1-Month Term SOFR + 2.00%,
5.73% (E), 07/01/2033
|
48,072
|
47,970
|
|
|
||
|
|
||
|
Specialty Building Products Holdings LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
7.58% (E), 10/16/2028
|
173,297
|
161,166
|
|
Tory Burch LLC
Term Loan B,
1-Month Term SOFR + 4.00%,
7.73% (E), 04/30/2031
|
180,068
|
180,293
|
|
Whatabrands LLC
|
|
|
|
1st Lien Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 08/03/2028
|
148,812
|
148,776
|
|
Term Loan B,
TBD, 07/30/2033 (J)(K)
|
195,102
|
195,223
|
|
|
||
|
|
||
|
White Cap Buyer LLC
Term Loan B,
1-Month Term SOFR + 3.50%,
7.23% (E), 02/10/2033
|
125,874
|
125,474
|
|
|
|
2,458,015
|
|
Containers & Packaging - 0.6%
|
||
|
Altium Packaging LLC
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 06/11/2031
|
154,213
|
147,274
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Containers & Packaging (continued)
|
||
|
Berlin Packaging LLC
Term Loan B7,
3-Month Term SOFR + 3.25%,
6.98% (E), 06/07/2031
|
$ 162,944
|
$ 162,129
|
|
Charter NEX U.S., Inc.
Repriced Term Loan B,
1-Month Term SOFR + 2.50%,
6.17% (E), 11/29/2030
|
156,084
|
156,192
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
Term Loan B,
1-Month Term SOFR + 3.18%,
6.91% (E), 04/13/2029
|
133,538
|
130,283
|
|
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 04/01/2032
|
90,236
|
86,074
|
|
|
||
|
|
||
|
Graham Packaging Co., Inc.
Term Loan B,
1-Month Term SOFR + 2.25%,
5.98% (E), 01/26/2033
|
133,126
|
133,081
|
|
IRIS Holdings, Inc.
Term Loan,
3-Month Term SOFR + 4.75%,
8.67% (E), 06/28/2028 (K)
|
120,774
|
113,554
|
|
SupplyOne, Inc.
Term Loan B,
1-Month Term SOFR + 3.50%,
7.23% (E), 04/21/2031
|
146,823
|
147,210
|
|
Sword Purchaser LLC
Term Loan B,
1-Month Term SOFR + 4.00%,
7.73% (E), 04/11/2033
|
364,858
|
350,568
|
|
Trident TPI Holdings, Inc.
Term Loan B7,
3-Month Term SOFR + 3.75%,
7.48% (E), 09/15/2028
|
261,679
|
245,259
|
|
|
|
1,671,624
|
|
Distributors - 0.4%
|
||
|
Gloves Buyer, Inc.
Term Loan B,
3-Month Term SOFR + 3.75%,
7.48% (E), 05/21/2032
|
276,087
|
276,433
|
|
Openlane, Inc.
Term Loan B,
3-Month Term SOFR + 2.50%,
6.15% (E), 10/08/2032
|
149,250
|
149,250
|
|
PAI Holdco, Inc.
Term Loan B,
3-Month Term SOFR + 3.75%,
7.68% (E), 10/28/2027
|
201,695
|
196,652
|
|
RelaDyne, Inc.
Term Loan B,
1-Month Term SOFR + 3.50%,
7.23% (E), 12/23/2030
|
282,702
|
280,141
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Distributors (continued)
|
||
|
Veritiv Corp.
Term Loan B,
3-Month Term SOFR + 4.00%,
7.73% (E), 12/02/2030
|
$ 204,937
|
$ 194,477
|
|
Windsor Holdings III LLC
Term Loan B,
1-Month Term SOFR + 2.75%,
6.48% (E), 08/01/2030
|
130,836
|
130,890
|
|
|
|
1,227,843
|
|
Electric Utilities - 0.1%
|
||
|
Alpha Generation LLC
Term Loan B,
1-Month Term SOFR + 1.75%,
5.48% (E), 09/30/2031
|
195,029
|
194,013
|
|
Pathfinder Power LLC
Term Loan B,
TBD, 06/22/2033 (J)(K)
|
127,065
|
126,747
|
|
|
|
320,760
|
|
Electrical Equipment - 0.0% *
|
||
|
Belden, Inc.
Term Loan,
1-Month Term SOFR + 2.25%,
5.98% (E), 07/01/2033
|
62,467
|
62,702
|
|
Electronic Equipment, Instruments & Components - 0.1%
|
||
|
LSF12 Crown U.S. Commercial Bidco LLC
1st Lien Term Loan B,
1-Month Term SOFR + 2.50%,
6.24% (E), 12/02/2031
|
188,345
|
188,581
|
|
Resilience Parent LLC
1st Lien Term Loan,
3-Month Term SOFR + 2.50%,
6.23% (E), 02/28/2033
|
179,970
|
179,632
|
|
|
|
368,213
|
|
Energy Equipment & Services - 0.1%
|
||
|
Deep Blue Operating I LLC
Term Loan,
3-Month Term SOFR + 2.25%,
5.90% (E), 10/01/2032
|
118,883
|
118,734
|
|
Goodnight Water Solutions LLC
Term Loan B,
1-Month Term SOFR + 4.00%,
7.73% (E), 06/04/2029
|
168,370
|
168,581
|
|
|
|
287,315
|
|
Financial Services - 0.5%
|
||
|
ACI Rover Parent LLC
Term Loan B,
3-Month Term SOFR + 2.25%,
5.98% (E), 06/09/2033
|
38,095
|
38,048
|
|
Apex Group Treasury LLC
Term Loan B,
3-Month Term SOFR + 3.50%,
7.15% (E), 02/27/2032
|
168,440
|
159,807
|
|
CFC Bidco Ltd.
Term Loan B,
3-Month Term SOFR + 3.50%,
7.23% (E), 07/01/2032
|
156,289
|
149,061
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Financial Services (continued)
|
||
|
Citco Funding LLC
Term Loan B,
3-Month Term SOFR + 2.00%,
5.82% (E), 01/30/2033
|
$ 44,169
|
$ 44,114
|
|
Crash Champions LLC
Term Loan B,
3-Month Term SOFR + 4.75%,
8.42% (E), 02/23/2029
|
255,531
|
247,819
|
|
CUB Financing Intermediate LLC
Term Loan B,
TBD, 08/05/2033 (J)(K)
|
44,291
|
44,291
|
|
Focus Financial Partners LLC
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 09/15/2031
|
208,655
|
205,667
|
|
Jump Financial LLC
1st Lien Term Loan B,
3-Month Term SOFR + 3.50%,
7.23% (E), 02/26/2032
|
307,762
|
307,762
|
|
Orion U.S. Finco, Inc.
1st Lien Term Loan,
3-Month Term SOFR + 3.50%,
7.26% (E), 10/08/2032
|
158,620
|
159,102
|
|
Osaic Holdings, Inc.
Term Loan B,
3-Month Term SOFR + 2.50%,
6.23% (E), 07/30/2032
|
192,743
|
191,442
|
|
|
|
1,547,113
|
|
Food Products - 0.1%
|
||
|
Froneri Lux Finco SARL
Term Loan B6,
6-Month Term SOFR + 2.50%,
6.45% (E), 09/30/2032
|
170,263
|
169,248
|
|
Health Care Equipment & Supplies - 0.1%
|
||
|
Mckesson Medical-Surgical Top Holdings,
Inc.
Term Loan B,
3-Month Term SOFR + 2.25%,
5.98% (E), 06/09/2032
|
101,569
|
101,633
|
|
Medline Borrower LP
Term Loan B,
1-Month Term SOFR + 1.50%,
5.23% (E), 05/30/2033
|
235,364
|
234,448
|
|
|
|
336,081
|
|
Health Care Providers & Services - 0.3%
|
||
|
Bella Holding Co. LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 06/16/2033
|
171,392
|
171,178
|
|
Charlotte Buyer, Inc.
Term Loan B,
1-Month Term SOFR + 4.50%,
8.14% (E), 06/30/2031
|
138,620
|
138,716
|
|
LifePoint Health, Inc.
1st Lien Term Loan B,
3-Month Term SOFR + 3.75%,
7.50% (E), 05/19/2031
|
279,921
|
266,975
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Health Care Providers & Services (continued)
|
||
|
Outcomes Group Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 3.00%,
6.73% (E), 05/06/2031
|
$ 182,268
|
$ 183,065
|
|
Radnet Management, Inc.
Term Loan B,
3-Month Term SOFR + 2.00%,
5.66% (E), 04/18/2031
|
64,770
|
64,721
|
|
Sotera Health Holdings LLC
Term Loan B,
1-Month Term SOFR + 2.25%,
5.98% (E), 05/30/2031
|
99,821
|
100,029
|
|
|
|
924,684
|
|
Hotels, Restaurants & Leisure - 0.7%
|
||
|
EOC Borrower LLC
Term Loan B,
1-Month Term SOFR + 2.75%,
6.48% (E), 03/24/2032
|
146,277
|
146,551
|
|
Gaia Purchaser, Inc.
Term Loan B,
TBD, 06/25/2033 (J)(K)
|
125,147
|
124,886
|
|
GBT U.S. III LLC
Term Loan B,
3-Month Term SOFR + 2.00%,
5.81% (E), 07/25/2031
|
182,032
|
181,823
|
|
Herschend Entertainment Co. LLC
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 05/27/2032
|
164,759
|
165,171
|
|
Ontario Gaming GTA LP
Term Loan B,
3-Month Term SOFR + 4.25%,
7.98% (E), 08/01/2030
|
234,209
|
223,853
|
|
Recess Holdings, Inc.
Repriced Term Loan,
3-Month Term SOFR + 3.75%,
7.56% (E), 02/20/2030
|
212,384
|
212,004
|
|
SeaWorld Parks & Entertainment, Inc.
Term Loan B3,
1-Month Term SOFR + 2.00%,
5.73% (E), 12/04/2031
|
155,580
|
154,413
|
|
Showtime Acquisition LLC
1st Lien Term Loan,
3-Month Term SOFR + 4.75%,
8.39% (E), 08/16/2031
|
70,283
|
69,668
|
|
TKO Worldwide Holdings LLC
Term Loan B,
3-Month Term SOFR + 1.75%,
5.41% (E), 11/21/2031
|
86,814
|
86,611
|
|
Travel & Leisure Co.
Repriced Term Loan,
1-Month Term SOFR + 2.00%,
5.73% (E), 12/14/2029
|
169,682
|
169,709
|
|
Turquoise Topco Ltd.
Term Loan B,
3-Month Term SOFR + 3.25%,
6.98% (E), 12/30/2032
|
133,520
|
132,619
|
|
Voyager Parent LLC
Repriced Term Loan B,
3-Month Term SOFR + 4.25%,
7.98% (E), 07/01/2032
|
242,696
|
242,831
|
|
|
|
1,910,139
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Household Durables - 0.1%
|
||
|
AI Aqua Merger Sub, Inc.
Term Loan B,
1-Month Term SOFR + 2.50%,
6.15% (E), 07/05/2033
|
$ 205,587
|
$ 205,619
|
|
Weber-Stephen Products LLC
Term Loan B,
3-Month Term SOFR + 3.75%,
7.48% (E), 10/01/2032
|
100,901
|
99,913
|
|
|
|
305,532
|
|
Insurance - 0.5%
|
||
|
Acrisure LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 06/21/2032
|
133,890
|
120,501
|
|
Alliant Holdings Intermediate LLC
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 09/19/2031
|
153,854
|
153,181
|
|
AmWINS Group, Inc.
Term Loan B,
3-Month Term SOFR + 2.00%,
5.73% (E), 01/30/2032
|
139,069
|
137,779
|
|
Asurion LLC
|
|
|
|
2nd Lien Term Loan B4,
3-Month Term SOFR + 5.25%,
9.33% (E), 01/20/2029
|
139,561
|
138,240
|
|
Term Loan B14,
3-Month Term SOFR + 3.75%,
7.57% (E), 02/23/2033
|
366,781
|
343,491
|
|
|
||
|
|
||
|
Broadstreet Partners, Inc.
Term Loan B4,
1-Month Term SOFR + 2.50%,
6.23% (E), 06/13/2031
|
172,781
|
169,793
|
|
HUB International Ltd.
Term Loan B,
3-Month Term SOFR + 2.25%,
5.98% (E), 06/20/2030
|
123,915
|
123,949
|
|
Sedgwick Claims Management Services,
Inc.
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 07/31/2031
|
172,050
|
170,813
|
|
Truist Insurance Holdings LLC
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 05/06/2031
|
172,986
|
169,958
|
|
|
|
1,527,705
|
|
Internet & Catalog Retail - 0.1%
|
||
|
CNT Holdings I Corp.
Term Loan,
3-Month Term SOFR + 2.25%,
6.07% (E), 11/08/2032
|
263,201
|
263,710
|
|
IT Services - 0.3%
|
||
|
Clover Holdings 2 LLC
Term Loan B,
1-Month Term SOFR + 3.75%,
7.43% (E), 12/09/2031
|
165,164
|
161,448
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
IT Services (continued)
|
||
|
Nielsen Consumer, Inc.
1st Lien Term Loan,
1-Month Term SOFR + 2.25%,
5.98% (E), 10/31/2030
|
$ 131,079
|
$ 128,457
|
|
Peraton Corp.
Term Loan B,
3-Month Term SOFR + 3.75%,
7.67% (E), 02/01/2028
|
149,231
|
135,576
|
|
Trio Bidco, Inc.
Term Loan B,
3-Month Term SOFR + 4.00%,
7.73% (E), 10/29/2032
|
173,218
|
170,909
|
|
Verifone Systems, Inc.
Term Loan,
3-Month Term SOFR + 5.50%,
9.58% (E), 08/18/2028
|
255,704
|
241,920
|
|
|
|
838,310
|
|
Machinery - 0.3%
|
||
|
CD&R Hydra Buyer, Inc.
Term Loan B,
1-Month Term SOFR + 4.00%,
7.83% (E), 03/25/2031
|
242,552
|
243,310
|
|
TK Elevator Midco GmbH
Term Loan B,
6-Month Term SOFR + 2.75%,
6.70% (E), 04/30/2030
|
212,444
|
213,187
|
|
Victory Buyer LLC
Term Loan B,
1-Month Term SOFR + 3.00%,
6.73% (E), 02/14/2033
|
145,426
|
145,910
|
|
WEC U.S. Holdings Ltd.
Term Loan,
1-Month Term SOFR + 2.00%,
5.65% (E), 01/27/2031
|
210,042
|
209,707
|
|
|
|
812,114
|
|
Media - 0.2%
|
||
|
Discovery Global Holdings, Inc.
Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 06/03/2033
|
160,201
|
160,201
|
|
Neptune Bidco U.S., Inc.
Term Loan B,
3-Month Term SOFR + 5.00%,
8.86% (E), 02/03/2033 (K)
|
323,946
|
321,877
|
|
Nexstar Media, Inc.
Term Loan B7,
1-Month Term SOFR + 2.75%,
6.48% (E), 03/18/2033
|
231,061
|
230,739
|
|
|
|
712,817
|
|
Mortgage Real Estate Investment Trusts - 0.1%
|
||
|
Blackstone Mortgage Trust, Inc.
Repriced Term Loan,
1-Month Term SOFR + 2.50%,
6.23% (E), 12/10/2030
|
176,571
|
176,019
|
|
TPG RE Finance Trust, Inc.
Term Loan B,
1-Month Term SOFR + 2.75%,
6.48% (E), 05/16/2033
|
63,508
|
63,429
|
|
|
|
239,448
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Oil, Gas & Consumable Fuels - 0.3%
|
||
|
Crescent Midstream Operating LLC
Term Loan B,
3-Month Term SOFR + 3.75%,
7.40% (E), 02/18/2033
|
$ 194,990
|
$ 195,599
|
|
M6 ETX Holdings II Midco LLC
1st Lien Term Loan B,
1-Month Term SOFR + 2.50%,
6.23% (E), 04/01/2032
|
211,551
|
212,213
|
|
Third Coast Infrastructure LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 09/25/2030
|
281,486
|
283,245
|
|
Traverse Midstream Partners LLC
Term Loan B,
3-Month Term SOFR + 2.25%,
6.04% (E), 07/14/2033
|
77,080
|
76,984
|
|
|
|
768,041
|
|
Passenger Airlines - 0.3%
|
||
|
American Airlines, Inc.
|
|
|
|
1st Lien Term Loan B,
6-Month Term SOFR + 2.25%,
5.94% (E), 02/15/2028
|
155,152
|
154,020
|
|
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 05/28/2032
|
302,326
|
302,110
|
|
|
||
|
|
||
|
United Airlines, Inc.
Term Loan B,
1-Month Term SOFR + 1.75%,
5.48% (E), 02/22/2031
|
206,995
|
206,064
|
|
WestJet Loyalty LP
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 02/14/2031
|
272,367
|
260,395
|
|
|
|
922,589
|
|
Personal Care Products - 0.1%
|
||
|
Opal Bidco SAS
Term Loan B,
3-Month Term SOFR + 2.50%,
6.23% (E), 04/28/2032
|
190,369
|
190,686
|
|
Prestige Brands, Inc.
Term Loan B,
1-Month Term SOFR + 2.00%,
0.25% (E), 06/13/2033
|
34,421
|
34,516
|
|
|
|
225,202
|
|
Pharmaceuticals - 0.1%
|
||
|
Amneal Pharmaceuticals LLC
Term Loan,
1-Month Term SOFR + 3.00%,
6.73% (E), 08/02/2032
|
145,172
|
145,475
|
|
Covetrus, Inc.
Term Loan,
3-Month Term SOFR + 5.00%,
8.73% (E), 10/13/2029
|
266,024
|
257,616
|
|
|
|
403,091
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Real Estate Management & Development - 0.1%
|
||
|
Cushman & Wakefield U.S. Borrower LLC
Term Loan B,
1-Month Term SOFR + 2.25%,
5.98% (E), 06/13/2033
|
$ 100,219
|
$ 100,282
|
|
Greystar Real Estate Partners LLC
Term Loan B,
3-Month Term SOFR + 2.25%,
5.92% (E), 08/21/2030
|
99,249
|
99,125
|
|
|
|
199,407
|
|
Software - 0.4%
|
||
|
Athenahealth Group, Inc.
Term Loan B,
TBD, 02/16/2032 (J)(K)
|
79,634
|
78,971
|
|
Boxer Parent Co., Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.42% (E), 07/30/2031
|
158,364
|
143,869
|
|
Cloud Software Group, Inc.
|
|
|
|
Term Loan B,
3-Month Term SOFR + 3.25%,
6.98% (E), 03/21/2031
|
155,769
|
140,898
|
|
Term Loan B,
3-Month Term SOFR + 3.25%,
6.98% (E), 08/13/2032
|
69,964
|
62,408
|
|
Coreweave Financing DDTL V LLC
|
|
|
|
1st Lien Delayed Draw Term Loan,
TBD, 09/30/2031 (J)(K)
|
118,653
|
118,653
|
|
Delayed Draw Term Loan,
1-Month Term SOFR + 4.50%,
8.12% (E), 11/17/2031
|
11,549
|
11,596
|
|
|
||
|
|
||
|
Electronic Arts, Inc.
Term Loan B,
TBD, 03/24/2033 (J)(K)
|
132,940
|
133,637
|
|
Storable Intermediate Holdings LLC
Term Loan B,
1-Month Term SOFR + 3.25%,
6.98% (E), 04/16/2031
|
142,060
|
112,701
|
|
UKG, Inc.
Term Loan B,
3-Month Term SOFR + 2.25%,
6.07% (E), 02/10/2031
|
167,680
|
160,742
|
|
VS Buyer LLC
Term Loan B,
3-Month Term SOFR + 2.25%,
6.07% (E), 04/12/2031
|
103,094
|
99,099
|
|
|
|
1,062,574
|
|
Textiles, Apparel & Luxury Goods - 0.2%
|
||
|
ABG Intermediate Holdings 2 LLC
1st Lien Term Loan B,
1-Month Term SOFR + 2.25%,
5.98% (E), 12/21/2028
|
143,047
|
143,190
|
|
Beach Acquisition Bidco LLC
Term Loan B,
1-Month Term SOFR + 2.75%,
6.48% (E), 09/12/2032
|
159,407
|
160,038
|
|
Varsity Brands, Inc.
Term Loan B,
3-Month Term SOFR + 2.75%,
6.48% (E), 08/26/2031
|
243,312
|
243,160
|
|
|
|
546,388
|
|
|
Principal
|
Value
|
|
LOAN ASSIGNMENTS (continued)
|
||
|
Transportation Infrastructure - 0.1%
|
||
|
Stonepeak Nile Parent LLC
Term Loan B,
3-Month Term SOFR + 2.00%,
5.66% (E), 04/09/2032
|
$ 164,241
|
$ 163,728
|
|
Total Loan Assignments
(Cost $29,349,427)
|
|
28,597,085
|
|
ASSET-BACKED SECURITIES - 7.5%
|
||
|
AGL CLO 23 Ltd.
|
|
|
|
Series 2022-23A, Class D2R,
3-Month Term SOFR + 3.65%,
7.38% (E), 04/20/2038 (A)
|
2,000,000
|
1,887,532
|
|
Allegro CLO XV Ltd.
|
|
|
|
Series 2022-1A, Class D2R,
3-Month Term SOFR + 4.00%,
7.73% (E), 04/20/2038 (A)
|
2,000,000
|
1,914,544
|
|
Bain Capital Credit CLO Ltd.
|
|
|
|
Series 2022-2A, Class D2R,
3-Month Term SOFR + 5.00%,
8.73% (E), 04/22/2035 (A)
|
800,000
|
770,462
|
|
BlueMountain CLO XXXIII Ltd.
|
|
|
|
Series 2021-33A, Class D1R,
3-Month Term SOFR + 3.75%,
7.48% (E), 10/20/2038 (A)
|
915,000
|
922,552
|
|
Canyon Capital CLO Ltd.
|
|
|
|
Series 2022-2A, Class D2R,
3-Month Term SOFR + 4.00%,
7.75% (E), 04/15/2038 (A)
|
2,000,000
|
1,956,546
|
|
Dryden 87 CLO Ltd.
|
|
|
|
Series 2021-87A, Class D2R,
3-Month Term SOFR + 4.35%,
7.99% (E), 08/20/2038 (A)
|
1,000,000
|
997,392
|
|
Dryden 95 CLO Ltd.
|
|
|
|
Series 2021-95A, Class DR,
3-Month Term SOFR + 3.05%,
6.69% (E), 08/20/2034 (A)
|
2,125,000
|
2,114,233
|
|
LCM 41 Ltd.
|
|
|
|
Series 41A, Class D1R,
3-Month Term SOFR + 3.60%,
7.35% (E), 04/15/2036 (A)
|
2,150,000
|
2,094,459
|
|
Madison Park Funding XXXV Ltd.
|
|
|
|
Series 2019-35A, Class D2R2,
3-Month Term SOFR + 4.00%,
7.73% (E), 02/13/2039 (A)
|
1,250,000
|
1,222,114
|
|
Sculptor CLO XXX Ltd.
|
|
|
|
Series 30A, Class D2R,
3-Month Term SOFR + 4.60%,
8.33% (E), 07/20/2038 (A)
|
3,750,000
|
3,686,764
|
|
Sculptor CLO XXXVI Ltd.
|
|
|
|
Series 36A, Class D2,
3-Month Term SOFR + 4.15%,
7.99% (E), 01/30/2039 (A)
|
1,400,000
|
1,405,003
|
|
Sound Point CLO 35 Ltd.
|
|
|
|
Series 2022-35A, Class D2R,
3-Month Term SOFR + 3.85%,
7.66% (E), 04/26/2038 (A)
|
2,300,000
|
2,252,365
|
|
Total Asset-Backed Securities
(Cost $21,673,882)
|
21,223,966
|
|
|
|
Principal
|
Value
|
|
U.S. GOVERNMENT OBLIGATIONS - 5.7%
|
||
|
U.S. Treasury - 5.7%
|
||
|
U.S. Treasury Bonds
|
|
|
|
4.13%, 08/15/2044
|
$ 4,500,000
|
$ 3,907,441
|
|
U.S. Treasury Notes
|
|
|
|
3.75%, 04/15/2028 - 08/31/2031
|
1,218,000
|
1,206,456
|
|
3.88%, 07/31/2030 - 08/31/2032
|
755,000
|
735,703
|
|
4.00%, 07/31/2032 - 11/15/2035
|
753,000
|
728,230
|
|
4.13%, 07/15/2029
|
33,000
|
32,814
|
|
4.25%, 07/31/2028 - 08/15/2035
|
8,042,000
|
8,037,854
|
|
4.38%, 05/15/2034 - 05/15/2036
|
1,149,000
|
1,129,448
|
|
4.50%, 05/31/2029
|
337,100
|
338,575
|
|
Total U.S. Government Obligations
(Cost $16,711,020)
|
|
16,116,521
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.6%
|
||
|
Argentina - 0.4%
|
||
|
Argentina Republic Government
International Bonds
|
|
|
|
4.13% (I), 07/09/2035
|
1,300,000
|
1,027,650
|
|
Bahamas - 0.5%
|
||
|
Bahamas Government International Bonds
|
|
|
|
8.25%, 06/24/2036 (D)
|
1,300,000
|
1,436,071
|
|
Brazil - 0.4%
|
||
|
Brazil Notas do Tesouro Nacional
|
|
|
|
10.00%, 01/01/2031
|
BRL 7,000,000
|
1,209,126
|
|
Canada - 0.0% *
|
||
|
Province of British Columbia
|
|
|
|
4.20%, 07/06/2033
|
$ 61,000
|
58,915
|
|
Colombia - 0.4%
|
||
|
Colombia TES
|
|
|
|
11.75%, 01/24/2035
|
COP 3,850,000,000
|
1,189,396
|
|
Cote d'Ivoire - 0.5%
|
||
|
Ivory Coast Government International Bonds
|
|
|
|
8.08%, 04/01/2036 (D)
|
$ 450,000
|
480,068
|
|
8.25%, 01/30/2037 (D)
|
900,000
|
968,383
|
|
|
|
1,448,451
|
|
Hungary - 0.9%
|
||
|
Hungary Government Bonds
|
|
|
|
6.75%, 07/23/2031
|
HUF 500,000,000
|
1,660,010
|
|
7.00%, 10/24/2035
|
220,000,000
|
763,944
|
|
|
|
2,423,954
|
|
Mexico - 0.5%
|
||
|
Mexico Bonos
|
|
|
|
8.00%, 02/21/2036
|
MXN 22,000,000
|
1,175,103
|
|
|
||
|
|
||
|
Mexico Government International Bonds
|
|
|
|
5.38%, 03/22/2033
|
$ 200,000
|
192,460
|
|
|
|
1,367,563
|
|
Mongolia - 0.1%
|
||
|
City of Ulaanbaatar
|
|
|
|
7.75%, 08/21/2027 (D)
|
200,000
|
202,906
|
|
|
||
|
|
||
|
|
Principal
|
Value
|
|
FOREIGN GOVERNMENT OBLIGATIONS (continued)
|
||
|
Mongolia (continued)
|
||
|
|
||
|
Development Bank of Mongolia LLC
|
|
|
|
8.50%, 07/03/2028 (D)
|
$ 200,000
|
$ 207,427
|
|
|
|
410,333
|
|
Philippines - 0.1%
|
||
|
Philippines Government International Bonds
|
|
|
|
5.33%, 06/24/2036
|
200,000
|
195,750
|
|
Republic of South Africa - 0.4%
|
||
|
Republic of South Africa Government Bonds
|
|
|
|
8.25%, 03/31/2032
|
ZAR 19,000,000
|
1,148,803
|
|
Sri Lanka - 0.1%
|
||
|
Sri Lanka Government International Bonds
|
|
|
|
3.60% (I), 06/15/2035 - 02/15/2038 (A)
|
$ 325,000
|
303,999
|
|
Supranational - 0.3%
|
||
|
Africa Finance Corp.
|
|
|
|
5.55%, 10/08/2029 (A)
|
200,000
|
201,200
|
|
|
||
|
|
||
|
African Export-Import Bank
|
|
|
|
3.80%, 05/17/2031 (D)
|
200,000
|
181,242
|
|
7.13%, 07/23/2036 (A)
|
200,000
|
200,150
|
|
|
||
|
|
||
|
Asian Development Bank
|
|
|
|
1.88%, 01/24/2030
|
89,000
|
81,900
|
|
|
||
|
|
||
|
Inter-American Development Bank
|
|
|
|
4.00%, 01/12/2028
|
85,000
|
84,578
|
|
|
|
749,070
|
|
Total Foreign Government Obligations
(Cost $12,669,178)
|
|
12,969,081
|
|
|
Shares
|
Value
|
|
PREFERRED STOCKS - 1.3%
|
||
|
Automobiles - 0.1%
|
||
|
Ford Motor Co.,
|
|
|
|
6.20% (C)
|
20,778
|
423,664
|
|
Banks - 0.4%
|
||
|
Customers Bancorp, Inc.,
|
|
|
|
5.38%
|
48,886
|
1,097,002
|
|
Financial Services - 0.0% *
|
||
|
Corebridge Financial, Inc.,
|
|
|
|
6.38%
|
872
|
19,271
|
|
Insurance - 0.7%
|
||
|
Aspen Insurance Holdings Ltd.,
|
|
|
|
7.00%
|
49,896
|
1,186,527
|
|
Brighthouse Financial, Inc.,
|
|
|
|
6.25%
|
44,102
|
693,283
|
|
|
|
1,879,810
|
|
Multi-Utilities - 0.1%
|
||
|
Algonquin Power & Utilities Corp.,
|
|
|
|
Series 19-A, 3-Month LIBOR + 4.01%,
8.86% (E)(H)
|
10,513
|
270,289
|
|
Total Preferred Stocks
(Cost $3,944,612)
|
|
3,690,036
|
|
|
Shares
|
Value
|
|
COMMON STOCKS - 0.0% *
|
||
|
Energy Equipment & Services - 0.0%
|
||
|
Hi Crush Remainco (H)(L)(M)(N)(O)
|
78
|
$ 0
|
|
Hotels, Restaurants & Leisure - 0.0% *
|
||
|
Aimbridge Acquisition Co., Inc. (H)
|
1,345
|
51,558
|
|
Total Common Stocks
(Cost $91,405)
|
|
51,558
|
|
SHORT-TERM INVESTMENT COMPANY - 3.3%
|
||
|
Money Market Fund - 3.3%
|
||
|
State Street Institutional U.S. Government
Money Market Fund,
3.62% (P)
|
9,273,739
|
9,273,739
|
|
Total Short-Term Investment Company
(Cost $9,273,739)
|
|
9,273,739
|
|
|
Principal
|
Value
|
|
SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.2%
|
||
|
U.S. Treasury Bills
3.69% (P), 09/01/2026
|
$ 700,000
|
697,956
|
|
Total Short-Term U.S. Government Obligation
(Cost $697,841)
|
697,956
|
|
|
|
Shares
|
Value
|
|
OTHER INVESTMENT COMPANY - 1.8%
|
||
|
Securities Lending Collateral - 1.8%
|
||
|
State Street Navigator Securities Lending
Trust - Government Money Market Portfolio,
3.64% (P)
|
5,216,970
|
$ 5,216,970
|
|
Total Other Investment Company
(Cost $5,216,970)
|
5,216,970
|
|
|
Total Investments
(Cost $289,728,974)
|
285,682,762
|
|
|
Net Other Assets (Liabilities) - (0.4)%
|
(1,108,067)
|
|
|
Net Assets - 100.0%
|
$ 284,574,695
|
|
|
Long Futures Contracts
|
||||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
|
Value
|
Unrealized
Appreciation
|
Unrealized
Depreciation
|
|
10-Year U.S. Treasury Ultra Notes
|
222
|
09/21/2026
|
$24,562,768
|
$24,354,094
|
$—
|
$(208,674
)
|
|
30-Year U.S. Treasury Bonds
|
81
|
09/21/2026
|
8,907,668
|
8,773,312
|
—
|
(134,356
)
|
|
U.S. Treasury Ultra Bonds
|
150
|
09/21/2026
|
16,633,533
|
16,453,125
|
—
|
(180,408
)
|
|
Total
|
$—
|
$(523,438
)
|
||||
|
Short Futures Contracts
|
||||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
|
Value
|
Unrealized
Appreciation
|
Unrealized
Depreciation
|
|
10-Year U.S. Treasury Notes
|
(200
)
|
09/21/2026
|
$(21,714,260
)
|
$(21,600,000
)
|
$114,260
|
$—
|
|
Total Futures Contracts
|
$114,260
|
$(523,438
)
|
||||
|
Valuation Inputs (Q)
|
|
|
|
|
|
|
Level 1 -
Unadjusted
Quoted Prices
|
Level 2 -
Other Significant
Observable Inputs
|
Level 3 -
Significant
Unobservable Inputs (R)
|
Value
|
|
ASSETS
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Corporate Debt Securities
|
$—
|
$149,951,504
|
$—
|
$149,951,504
|
|
U.S. Government Agency Obligations
|
—
|
37,894,346
|
—
|
37,894,346
|
|
Loan Assignments
|
—
|
28,597,085
|
—
|
28,597,085
|
|
Asset-Backed Securities
|
—
|
21,223,966
|
—
|
21,223,966
|
|
U.S. Government Obligations
|
—
|
16,116,521
|
—
|
16,116,521
|
|
Foreign Government Obligations
|
—
|
12,969,081
|
—
|
12,969,081
|
|
Preferred Stocks
|
2,593,034
|
1,097,002
|
—
|
3,690,036
|
|
Common Stocks
|
—
|
51,558
|
0
|
51,558
|
|
Short-Term Investment Company
|
9,273,739
|
—
|
—
|
9,273,739
|
|
Short-Term U.S. Government Obligation
|
—
|
697,956
|
—
|
697,956
|
|
Other Investment Company
|
5,216,970
|
—
|
—
|
5,216,970
|
|
Total Investments
|
$17,083,743
|
$268,599,019
|
$0
|
$285,682,762
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts (S)
|
$114,260
|
$—
|
$—
|
$114,260
|
|
Total Other Financial Instruments
|
$114,260
|
$—
|
$—
|
$114,260
|
|
LIABILITIES
|
|
|
|
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts (S)
|
$(523,438
)
|
$—
|
$—
|
$(523,438
)
|
|
Total Other Financial Instruments
|
$(523,438
)
|
$—
|
$—
|
$(523,438
)
|
|
*
|
Percentage rounds to less than 0.1% or (0.1)%.
|
|
(A)
|
Security is exempt from registration pursuant to Rule 144A of the Securities Act of
1933. Security may be resold as transactions exempt from
registration, normally to qualified institutional buyers. At July 31, 2026, the total
value of 144A securities is $97,997,870, representing 34.4% of the
Fund's net assets.
|
|
(B)
|
Payment in-kind. Security pays interest or dividends in the form of additional bonds
or preferred stock. If the security makes a cash payment in addition
to in-kind, the cash rate is disclosed separately.
|
|
(C)
|
All or a portion of the security is on loan. The total value of the securities on
loan is $5,352,300, collateralized by cash collateral of $5,216,970 and
non-cash collateral, such as U.S. government securities of $248,328. The amount on
loan indicated may not correspond with the securities on loan
identified because a security with pending sales are in the process of recall from
the brokers.
|
|
(D)
|
Security exempt from registration under Regulation S of the Securities Act of 1933,
which exempts from registration securities offered and sold outside
the United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933. At July 31, 2026, the total
value of the Regulation S securities is $21,933,900, representing 7.7%
of the Fund's net assets.
|
|
(E)
|
Floating or variable rate security. The rate disclosed is as of July 31, 2026. For
securities based on a published reference rate and spread, the reference
rate and spread are indicated within the description. Variable rate securities with
a floor or ceiling feature are disclosed at the inherent rate, where
applicable. Certain variable rate securities are not based on a published reference
rate and spread, but are determined by the issuer or agent and are
based on current market conditions; these securities do not indicate a reference rate
and spread in the description.
|
|
(F)
|
Perpetual maturity. The date displayed is the next call date.
|
|
(G)
|
Security in default; no interest payments received and/or dividends declared during
the last 12 months. At July 31, 2026, the value of this security is
$640,150, representing 0.2% of the Fund's net assets.
|
|
(H)
|
Non-income producing security.
|
|
(I)
|
Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as
of July 31, 2026; the maturity date disclosed is the ultimate maturity
date.
|
|
(J)
|
All or a portion of the security represents an unsettled loan commitment at July 31,
2026 where the rate will be determined at time of settlement.
|
|
(K)
|
When-issued, delayed-delivery and/or forward commitment (including TBAs) security.
Security to be settled and delivered after July 31, 2026. Security
may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.
|
|
(L)
|
Security is Level 3 of the fair value hierarchy and is valued based on unobservable
inputs (see Notes to Schedule of Investments). At July 31, 2026, the
total value of the securities is $0, representing 0.0% of the Fund’s net assets.
|
|
(M)
|
Fair valued as determined in good faith in accordance with TAM's procedures. At July
31, 2026, the total value of the securities is $0, representing 0.0%
of the Fund’s net assets.
|
|
(N)
|
Restricted security. At July 31, 2026, the total value of such securities held by
the Fund is as follows:
|
|
Investments
|
Description
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
Value as
Percentage of
Net Assets
|
|
Common Stocks
|
Hi Crush Remainco
|
10/08/2020 - 11/02/2021
|
$473,091
|
$0
|
0.0
%
|
|
(O)
|
Security deemed worthless.
|
|
(P)
|
Rate disclosed reflects the yield at July 31, 2026.
|
|
(Q)
|
There were no transfers in or out of Level 3 during the period ended July 31, 2026.
Please reference the Investment Valuation section of the Notes to
Schedule of Investments for more information regarding investment valuation and pricing
inputs.
|
|
(R)
|
Level 3 security was not considered significant to the Fund.
|
|
(S)
|
Derivative instruments are valued at unrealized appreciation (depreciation).
|
|
AUD
|
Australian Dollar
|
|
BRL
|
Brazilian Real
|
|
COP
|
Colombian Peso
|
|
HUF
|
Hungary Forint
|
|
MXN
|
Mexico Peso
|
|
ZAR
|
South African Rand
|
|
CLO
|
Collateralized Loan Obligation
|
|
LIBOR
|
London Interbank Offered Rate
|
|
PJSC
|
Private Joint Stock Co.
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBD
|
To Be Determined
|