|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES - 84.3%
|
||
|
Aerospace & Defense - 2.8%
|
||
|
Boeing Co.
|
|
|
|
3.83%, 03/01/2059
|
$ 650,000
|
$ 425,972
|
|
5.81%, 05/01/2050
|
516,000
|
487,413
|
|
5.93%, 05/01/2060
|
553,000
|
516,303
|
|
6.86%, 05/01/2054
|
916,000
|
981,280
|
|
General Electric Co.
|
|
|
|
4.13%, 10/09/2042
|
406,000
|
333,017
|
|
Honeywell Aerospace, Inc.
|
|
|
|
5.73%, 03/16/2056 (A)
|
414,000
|
394,320
|
|
RTX Corp.
|
|
|
|
4.15%, 05/15/2045
|
592,000
|
471,013
|
|
4.63%, 11/16/2048
|
914,000
|
756,625
|
|
|
|
4,365,943
|
|
Automobile Components - 0.5%
|
||
|
Aptiv Swiss Holdings Ltd.
|
|
|
|
4.15%, 05/01/2052
|
625,000
|
445,555
|
|
Lear Corp.
|
|
|
|
3.55%, 01/15/2052
|
609,000
|
392,139
|
|
|
|
837,694
|
|
Automobiles - 0.2%
|
||
|
General Motors Co.
|
|
|
|
6.25%, 10/02/2043
|
290,000
|
282,372
|
|
Banks - 8.2%
|
||
|
Bank of America Corp.
|
|
|
|
Fixed until 04/22/2041,
3.31% (B), 04/22/2042
|
395,000
|
296,122
|
|
Fixed until 03/20/2050,
4.08% (B), 03/20/2051
|
916,000
|
688,494
|
|
Fixed until 02/06/2036,
5.05% (B), 02/06/2037
|
1,539,000
|
1,482,021
|
|
Barclays PLC
|
|
|
|
Fixed until 08/11/2045,
5.86% (B), 08/11/2046
|
621,000
|
593,554
|
|
Citigroup, Inc.
|
|
|
|
Fixed until 01/24/2038,
3.88% (B), 01/24/2039
|
1,197,000
|
1,013,904
|
|
Goldman Sachs Group, Inc.
|
|
|
|
Fixed until 01/21/2036,
5.07% (B), 01/21/2037
|
1,206,000
|
1,148,658
|
|
Fixed until 01/21/2046,
5.54% (B), 01/21/2047
|
583,000
|
536,883
|
|
Fixed until 01/28/2055,
5.73% (B), 01/28/2056
|
390,000
|
361,933
|
|
Intesa Sanpaolo SpA
|
|
|
|
7.80%, 11/28/2053 (A)
|
487,000
|
564,660
|
|
JPMorgan Chase & Co.
|
|
|
|
Fixed until 04/22/2040,
3.11% (B), 04/22/2041
|
2,145,000
|
1,609,210
|
|
Fixed until 04/23/2036,
5.15% (B), 04/23/2037
|
179,000
|
173,570
|
|
Fixed until 02/05/2036,
5.19% (B), 02/05/2037
|
327,000
|
314,024
|
|
Fixed until 06/01/2033,
5.35% (B), 06/01/2034
|
609,000
|
609,889
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Banks (continued)
|
||
|
Morgan Stanley
|
|
|
|
Fixed until 07/22/2037,
3.97% (B), 07/22/2038
|
$ 577,000
|
$ 493,131
|
|
Fixed until 01/18/2036,
5.31% (B), 01/18/2041
|
330,000
|
312,753
|
|
Fixed until 11/19/2054,
5.52% (B), 11/19/2055
|
203,000
|
185,775
|
|
Fixed until 03/13/2046,
5.90% (B), 03/13/2047
|
607,000
|
587,236
|
|
NatWest Group PLC
|
|
|
|
Fixed until 03/01/2034,
5.78% (B), 03/01/2035
|
221,000
|
224,816
|
|
UBS Group AG
|
|
|
|
Fixed until 03/23/2036,
5.01% (B), 03/23/2037 (A)
|
345,000
|
328,502
|
|
Wells Fargo & Co.
|
|
|
|
4.75%, 12/07/2046
|
1,413,000
|
1,152,582
|
|
|
|
12,677,717
|
|
Beverages - 0.8%
|
||
|
Anheuser-Busch InBev Worldwide, Inc.
|
|
|
|
4.44%, 10/06/2048
|
1,549,000
|
1,253,259
|
|
Biotechnology - 2.1%
|
||
|
Amgen, Inc.
|
|
|
|
4.20%, 02/22/2052
|
470,000
|
350,633
|
|
5.75%, 03/02/2063
|
700,000
|
646,109
|
|
CSL Finance PLC
|
|
|
|
4.95%, 04/27/2062 (A)
|
1,013,000
|
826,288
|
|
Gilead Sciences, Inc.
|
|
|
|
5.50%, 11/15/2054
|
729,000
|
678,975
|
|
5.55%, 10/15/2053
|
376,000
|
352,833
|
|
Royalty Pharma PLC
|
|
|
|
5.90%, 09/02/2054
|
378,000
|
358,841
|
|
|
|
3,213,679
|
|
Building Products - 1.4%
|
||
|
Carlisle Cos., Inc.
|
|
|
|
5.55%, 09/15/2040
|
662,000
|
638,267
|
|
Carrier Global Corp.
|
|
|
|
6.20%, 03/15/2054
|
420,000
|
427,307
|
|
CRH America Finance, Inc.
|
|
|
|
5.88%, 01/09/2055
|
446,000
|
429,199
|
|
Vulcan Materials Co.
|
|
|
|
5.70%, 12/01/2054
|
629,000
|
589,631
|
|
|
|
2,084,404
|
|
Chemicals - 0.8%
|
||
|
Nutrien Ltd.
|
|
|
|
5.00%, 04/01/2049
|
425,000
|
362,630
|
|
OCP SA
|
|
|
|
6.88%, 04/25/2044 (C)
|
200,000
|
195,316
|
|
Westlake Corp.
|
|
|
|
6.38%, 11/15/2055
|
628,000
|
593,295
|
|
|
|
1,151,241
|
|
Commercial Services & Supplies - 2.0%
|
||
|
Ashtead Capital, Inc.
|
|
|
|
5.80%, 04/15/2034 (A)
|
369,000
|
370,702
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Commercial Services & Supplies (continued)
|
||
|
Equifax, Inc.
|
|
|
|
7.00%, 07/01/2037
|
$ 957,000
|
$ 1,029,053
|
|
Experian Finance U.S., Inc.
|
|
|
|
5.35%, 08/24/2036 (A)
|
320,000
|
310,635
|
|
Moody's Corp.
|
|
|
|
3.25%, 05/20/2050
|
869,000
|
550,774
|
|
Siemens Funding BV
|
|
|
|
5.90%, 05/28/2065 (A)
|
450,000
|
439,807
|
|
TR Finance LLC
|
|
|
|
5.85%, 04/15/2040
|
337,000
|
327,336
|
|
|
|
3,028,307
|
|
Communications Equipment - 5.1%
|
||
|
AT&T, Inc.
|
|
|
|
3.50%, 09/15/2053
|
1,670,000
|
1,008,803
|
|
3.55%, 09/15/2055
|
2,159,000
|
1,294,931
|
|
3.65%, 06/01/2051
|
678,000
|
429,525
|
|
3.80%, 12/01/2057
|
331,000
|
204,756
|
|
Corning, Inc.
|
|
|
|
4.38%, 11/15/2057
|
572,000
|
426,955
|
|
Nokia OYJ
|
|
|
|
6.63%, 05/15/2039
|
361,000
|
362,059
|
|
Orange SA
|
|
|
|
5.75%, 01/13/2056 (A)
|
314,000
|
296,071
|
|
Telefonica Emisiones SA
|
|
|
|
5.52%, 03/01/2049
|
408,000
|
356,407
|
|
T-Mobile USA, Inc.
|
|
|
|
3.30%, 02/15/2051
|
197,000
|
119,841
|
|
3.40%, 10/15/2052
|
760,000
|
463,086
|
|
5.65%, 01/15/2053
|
733,000
|
645,668
|
|
5.70%, 01/15/2056
|
243,000
|
214,338
|
|
Verizon Communications, Inc.
|
|
|
|
2.99%, 10/30/2056
|
380,000
|
207,650
|
|
3.70%, 03/22/2061
|
1,953,000
|
1,227,577
|
|
Vodafone Group PLC
|
|
|
|
6.10%, 06/18/2056
|
565,000
|
526,345
|
|
|
|
7,784,012
|
|
Construction & Engineering - 0.3%
|
||
|
Mexico City Airport Trust
|
|
|
|
5.50%, 07/31/2047 (C)
|
554,000
|
465,847
|
|
Consumer Staples Distribution & Retail - 1.9%
|
||
|
7-Eleven, Inc.
|
|
|
|
2.50%, 02/10/2041 (A)
|
982,000
|
650,970
|
|
Alimentation Couche-Tard, Inc.
|
|
|
|
5.62%, 02/12/2054 (A)
|
601,000
|
553,932
|
|
Home Depot, Inc.
|
|
|
|
4.25%, 04/01/2046
|
472,000
|
376,829
|
|
Lowe's Cos., Inc.
|
|
|
|
3.00%, 10/15/2050
|
639,000
|
383,385
|
|
4.25%, 04/01/2052
|
609,000
|
453,207
|
|
McDonald's Corp.
|
|
|
|
3.63%, 09/01/2049
|
547,000
|
380,007
|
|
Starbucks Corp.
|
|
|
|
4.50%, 11/15/2048
|
178,000
|
142,487
|
|
|
|
2,940,817
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Containers & Packaging - 0.6%
|
||
|
Smurfit Kappa Treasury ULC
|
|
|
|
5.78%, 04/03/2054
|
$ 624,000
|
$ 594,930
|
|
Sonoco Products Co.
|
|
|
|
5.75%, 11/01/2040
|
384,000
|
379,421
|
|
|
|
974,351
|
|
Diversified REITs - 0.7%
|
||
|
Trust Fibra Uno
|
|
|
|
6.95%, 01/30/2044 (A)
|
425,000
|
410,372
|
|
VICI Properties LP
|
|
|
|
6.13%, 04/01/2054 (D)
|
646,000
|
603,914
|
|
|
|
1,014,286
|
|
Electric Utilities - 11.0%
|
||
|
Appalachian Power Co.
|
|
|
|
4.45%, 06/01/2045
|
852,000
|
679,613
|
|
Arizona Public Service Co.
|
|
|
|
5.90%, 08/15/2055
|
463,000
|
441,555
|
|
Berkshire Hathaway Energy Co.
|
|
|
|
4.50%, 02/01/2045
|
610,000
|
500,773
|
|
Black Hills Corp.
|
|
|
|
4.20%, 09/15/2046
|
1,264,000
|
975,202
|
|
Comision Federal de Electricidad
|
|
|
|
4.68%, 02/09/2051 (A)
|
800,000
|
553,235
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
4.00%, 11/15/2057
|
1,704,000
|
1,196,603
|
|
Constellation Energy Generation LLC
|
|
|
|
5.88%, 01/15/2066
|
564,000
|
520,758
|
|
DTE Electric Co.
|
|
|
|
4.05%, 05/15/2048
|
625,000
|
475,924
|
|
Duke Energy Corp.
|
|
|
|
5.70%, 09/15/2055
|
532,000
|
483,682
|
|
Duke Energy Progress LLC
|
|
|
|
5.55%, 03/15/2055
|
1,292,000
|
1,193,010
|
|
Electricite de France SA
|
|
|
|
5.00%, 09/21/2048 (A)
|
516,000
|
423,785
|
|
ENEL Finance International NV
|
|
|
|
5.75%, 09/30/2055 (A)
|
662,000
|
598,958
|
|
Entergy Arkansas LLC
|
|
|
|
4.20%, 04/01/2049
|
1,007,000
|
766,731
|
|
Evergy Metro, Inc.
|
|
|
|
4.20%, 03/15/2048
|
852,000
|
658,214
|
|
FirstEnergy Corp.
|
|
|
|
4.85%, 07/15/2047
|
892,000
|
743,699
|
|
Generadora de Gatun SA
|
|
|
|
6.87%, 09/30/2044 (A)
|
609,000
|
610,220
|
|
Interstate Power & Light Co.
|
|
|
|
5.60%, 10/01/2055
|
456,000
|
419,850
|
|
Louisville Gas & Electric Co.
|
|
|
|
5.85%, 08/15/2055
|
618,000
|
591,569
|
|
Pacific Gas & Electric Co.
|
|
|
|
3.50%, 08/01/2050
|
511,000
|
326,910
|
|
PG&E Wildfire Recovery Funding LLC
|
|
|
|
5.10%, 06/01/2054
|
57,000
|
50,267
|
|
Potomac Electric Power Co.
|
|
|
|
7.90%, 12/15/2038
|
1,007,000
|
1,218,239
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Electric Utilities (continued)
|
||
|
Public Service Electric & Gas Co.
|
|
|
|
4.05%, 05/01/2048
|
$ 852,000
|
$ 650,309
|
|
Southern Co.
|
|
|
|
4.40%, 07/01/2046
|
751,000
|
601,108
|
|
Texas Electric Market Stabilization Funding
N LLC
|
|
|
|
5.17%, 02/01/2052 (A)
|
355,000
|
318,319
|
|
Virginia Electric & Power Co.
|
|
|
|
8.88%, 11/15/2038
|
1,158,000
|
1,469,897
|
|
Vistra Operations Co. LLC
|
|
|
|
5.35%, 01/31/2036 (A)
|
480,000
|
459,423
|
|
|
|
16,927,853
|
|
Electronic Equipment, Instruments & Components - 0.2%
|
||
|
Amphenol Corp.
|
|
|
|
5.30%, 11/15/2055
|
392,000
|
353,663
|
|
Energy Equipment & Services - 0.9%
|
||
|
Baker Hughes Holdings LLC/Baker
Hughes Co-Obligor, Inc.
|
|
|
|
5.85%, 06/15/2056
|
988,000
|
932,769
|
|
Halliburton Co.
|
|
|
|
5.00%, 11/15/2045
|
517,000
|
443,663
|
|
|
|
1,376,432
|
|
Financial Services - 0.7%
|
||
|
Capital One Financial Corp.
|
|
|
|
Fixed until 09/11/2035,
5.20% (B), 09/11/2036
|
485,000
|
464,270
|
|
Fixed until 01/30/2036,
5.40% (B), 01/30/2037
|
146,000
|
141,268
|
|
FMR LLC
|
|
|
|
6.50%, 12/14/2040 (A)
|
449,000
|
480,038
|
|
|
|
1,085,576
|
|
Food Products - 4.6%
|
||
|
BAT Capital Corp.
|
|
|
|
6.25%, 08/15/2055
|
729,000
|
713,820
|
|
7.08%, 08/02/2053
|
637,000
|
689,430
|
|
Cargill, Inc.
|
|
|
|
6.63%, 09/15/2037 (A)
|
595,000
|
646,879
|
|
Imperial Brands Finance PLC
|
|
|
|
6.38%, 07/01/2055 (A)
|
757,000
|
734,479
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings
|
|
|
|
4.38%, 02/02/2052
|
1,039,000
|
746,088
|
|
6.50%, 12/01/2052
|
227,000
|
219,455
|
|
Kraft Heinz Foods Co.
|
|
|
|
5.20%, 07/15/2045
|
350,000
|
301,024
|
|
Kroger Co.
|
|
|
|
5.50%, 09/15/2054
|
941,000
|
846,799
|
|
Mars, Inc.
|
|
|
|
5.70%, 05/01/2055 (A)
|
426,000
|
402,009
|
|
Philip Morris International, Inc.
|
|
|
|
4.25%, 11/10/2044
|
986,000
|
798,209
|
|
Sysco Corp.
|
|
|
|
3.30%, 02/15/2050
|
572,000
|
364,552
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Food Products (continued)
|
||
|
Tyson Foods, Inc.
|
|
|
|
5.10%, 09/28/2048
|
$ 659,000
|
$ 567,695
|
|
|
|
7,030,439
|
|
Gas Utilities - 0.4%
|
||
|
NiSource, Inc.
|
|
|
|
5.85%, 04/01/2055
|
610,000
|
572,651
|
|
Health Care Equipment & Supplies - 1.4%
|
||
|
Abbott Laboratories
|
|
|
|
5.60%, 03/15/2066
|
415,000
|
385,626
|
|
Alcon Finance Corp.
|
|
|
|
3.80%, 09/23/2049 (A)
|
747,000
|
531,129
|
|
5.75%, 12/06/2052 (A)
|
403,000
|
381,076
|
|
Danaher Corp.
|
|
|
|
2.60%, 10/01/2050
|
304,000
|
172,517
|
|
Koninklijke Philips NV
|
|
|
|
6.88%, 03/11/2038
|
264,000
|
289,605
|
|
Zimmer Biomet Holdings, Inc.
|
|
|
|
4.45%, 08/15/2045
|
446,000
|
374,058
|
|
|
|
2,134,011
|
|
Health Care Providers & Services - 3.9%
|
||
|
Cigna Group
|
|
|
|
3.40%, 03/15/2051
|
790,000
|
515,914
|
|
3.88%, 10/15/2047
|
992,000
|
721,214
|
|
Elevance Health, Inc.
|
|
|
|
5.70%, 09/15/2055
|
425,000
|
393,551
|
|
HCA, Inc.
|
|
|
|
4.63%, 03/15/2052
|
1,055,000
|
813,317
|
|
6.10%, 04/01/2064
|
644,000
|
603,049
|
|
Health Care Service Corp. A Mutual Legal
Reserve Co.
|
|
|
|
5.88%, 06/15/2054 (A)
|
392,000
|
358,802
|
|
Humana, Inc.
|
|
|
|
6.00%, 05/01/2055
|
482,000
|
443,503
|
|
Quest Diagnostics, Inc.
|
|
|
|
4.70%, 03/30/2045
|
431,000
|
372,774
|
|
UnitedHealth Group, Inc.
|
|
|
|
5.20%, 04/15/2063
|
1,296,000
|
1,099,792
|
|
5.38%, 04/15/2054
|
802,000
|
718,346
|
|
|
|
6,040,262
|
|
Health Care REITs - 0.3%
|
||
|
Alexandria Real Estate Equities, Inc.
|
|
|
|
5.15%, 04/15/2053
|
596,000
|
502,715
|
|
Hotels, Restaurants & Leisure - 0.2%
|
||
|
Royal Caribbean Cruises Ltd.
|
|
|
|
5.25%, 02/27/2038
|
404,000
|
379,462
|
|
Insurance - 2.0%
|
||
|
200 Park Funding Trust
|
|
|
|
5.74%, 02/15/2055 (A)
|
463,000
|
435,274
|
|
Alleghany Corp.
|
|
|
|
3.25%, 08/15/2051
|
442,000
|
278,808
|
|
4.90%, 09/15/2044
|
457,000
|
395,687
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Insurance (continued)
|
||
|
Belrose Funding Trust II
|
|
|
|
6.79%, 05/15/2055 (A)
|
$ 397,000
|
$ 394,646
|
|
Brown & Brown, Inc.
|
|
|
|
6.25%, 06/23/2055
|
775,000
|
749,444
|
|
Swiss RE Subordinated Finance PLC
|
|
|
|
Fixed until 01/01/2045,
6.19% (B), 04/01/2046 (A)
|
800,000
|
773,101
|
|
|
|
3,026,960
|
|
Internet & Catalog Retail - 3.1%
|
||
|
Alphabet, Inc.
|
|
|
|
5.30%, 05/15/2065
|
407,000
|
344,770
|
|
5.50%, 02/15/2046
|
560,000
|
520,165
|
|
Amazon.com, Inc.
|
|
|
|
4.05%, 08/22/2047
|
360,000
|
268,330
|
|
5.55%, 11/20/2065
|
411,000
|
355,751
|
|
5.80%, 03/13/2056
|
330,000
|
303,435
|
|
AppLovin Corp.
|
|
|
|
5.95%, 12/01/2054
|
404,000
|
366,361
|
|
Meta Platforms, Inc.
|
|
|
|
5.40%, 08/15/2054
|
346,000
|
281,655
|
|
5.63%, 11/15/2055
|
583,000
|
487,601
|
|
5.75%, 11/15/2065
|
260,000
|
214,395
|
|
6.30%, 05/15/2056
|
516,000
|
473,544
|
|
Prosus NV
|
|
|
|
4.03%, 08/03/2050 (C)
|
314,000
|
211,295
|
|
4.99%, 01/19/2052 (A)
|
360,000
|
276,707
|
|
Uber Technologies, Inc.
|
|
|
|
5.35%, 09/15/2054
|
807,000
|
713,855
|
|
|
|
4,817,864
|
|
IT Services - 0.2%
|
||
|
Hewlett Packard Enterprise Co.
|
|
|
|
5.60%, 10/15/2054
|
373,000
|
324,461
|
|
Machinery - 0.6%
|
||
|
GE Vernova, Inc.
|
|
|
|
5.50%, 02/04/2056
|
510,000
|
470,309
|
|
Ingersoll Rand, Inc.
|
|
|
|
5.70%, 06/15/2054
|
401,000
|
379,354
|
|
|
|
849,663
|
|
Media - 2.5%
|
||
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
|
6.48%, 10/23/2045
|
2,001,000
|
1,735,047
|
|
Comcast Corp.
|
|
|
|
2.89%, 11/01/2051
|
478,000
|
253,134
|
|
2.94%, 11/01/2056
|
318,000
|
160,633
|
|
4.00%, 11/01/2049
|
934,000
|
623,345
|
|
Fox Corp.
|
|
|
|
5.58%, 01/25/2049
|
764,000
|
686,050
|
|
Space Exploration Technologies Corp.
|
|
|
|
5.88%, 07/15/2036 (A)
|
439,000
|
410,063
|
|
|
|
3,868,272
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Metals & Mining - 1.2%
|
||
|
Freeport-McMoRan, Inc.
|
|
|
|
5.45%, 03/15/2043
|
$ 449,000
|
$ 417,453
|
|
Glencore Finance Canada Ltd.
|
|
|
|
6.90%, 11/15/2037 (A)
|
324,000
|
353,247
|
|
Rio Tinto Finance USA PLC
|
|
|
|
5.88%, 03/14/2065
|
645,000
|
620,830
|
|
Steel Dynamics, Inc.
|
|
|
|
5.75%, 05/15/2055
|
503,000
|
477,890
|
|
|
|
1,869,420
|
|
Oil, Gas & Consumable Fuels - 9.4%
|
||
|
Abu Dhabi Crude Oil Pipeline LLC
|
|
|
|
4.60%, 11/02/2047 (C)
|
345,000
|
295,059
|
|
Cameron LNG LLC
|
|
|
|
3.70%, 01/15/2039 (A)
|
440,000
|
364,079
|
|
Devon Energy Corp.
|
|
|
|
5.00%, 06/15/2045
|
457,000
|
393,917
|
|
Diamondback Energy, Inc.
|
|
|
|
5.75%, 04/18/2054
|
438,000
|
407,547
|
|
Energy Transfer LP
|
|
|
|
5.00%, 05/15/2050
|
426,000
|
345,540
|
|
7.50%, 07/01/2038
|
1,127,000
|
1,269,296
|
|
Enterprise Products Operating LLC
|
|
|
|
4.90%, 05/15/2046
|
912,000
|
788,668
|
|
EOG Resources, Inc.
|
|
|
|
5.95%, 07/15/2055
|
489,000
|
476,005
|
|
Esentia Energy Development SAB de CV
|
|
|
|
6.50%, 07/30/2038 (A)
|
412,000
|
393,563
|
|
Green Palm Bidco SARL
|
|
|
|
6.46%, 06/30/2046 (A)
|
825,000
|
803,093
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
6.10%, 08/23/2042 (A)
|
411,000
|
405,085
|
|
Hess Corp.
|
|
|
|
5.60%, 02/15/2041
|
462,000
|
454,646
|
|
KazMunayGas National Co. JSC
|
|
|
|
6.38%, 10/24/2048 (C)
|
466,000
|
448,243
|
|
MPLX LP
|
|
|
|
5.50%, 02/15/2049
|
365,000
|
322,933
|
|
6.10%, 04/01/2056
|
606,000
|
574,143
|
|
Occidental Petroleum Corp.
|
|
|
|
6.60%, 03/15/2046
|
652,000
|
665,839
|
|
ONEOK Partners LP
|
|
|
|
6.20%, 09/15/2043
|
544,000
|
537,990
|
|
ONEOK, Inc.
|
|
|
|
4.25%, 09/15/2046
|
519,000
|
389,760
|
|
5.20%, 07/15/2048
|
457,000
|
389,516
|
|
Pertamina Persero PT
|
|
|
|
6.45%, 05/30/2044 (A)
|
381,000
|
372,919
|
|
Petroleos del Peru SA
|
|
|
|
5.63%, 06/19/2047 (C)
|
524,000
|
375,105
|
|
Petroleos Mexicanos
|
|
|
|
6.95%, 01/28/2060
|
389,000
|
313,630
|
|
7.69%, 01/23/2050
|
582,000
|
519,171
|
|
Plains All American Pipeline LP/PAA
Finance Corp.
|
|
|
|
5.60%, 01/15/2036
|
496,000
|
488,553
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Oil, Gas & Consumable Fuels (continued)
|
||
|
Saudi Arabian Oil Co.
|
|
|
|
6.00%, 02/02/2056 (A)
|
$ 600,000
|
$ 549,054
|
|
Shell Finance U.S., Inc.
|
|
|
|
3.75%, 09/12/2046
|
523,000
|
386,821
|
|
Spectra Energy Partners LP
|
|
|
|
4.50%, 03/15/2045
|
852,000
|
689,499
|
|
Western Midstream Operating LP
|
|
|
|
5.30%, 03/01/2048
|
609,000
|
509,769
|
|
Williams Cos., Inc.
|
|
|
|
5.95%, 03/15/2056
|
597,000
|
563,233
|
|
|
|
14,492,676
|
|
Pharmaceuticals - 6.1%
|
||
|
AbbVie, Inc.
|
|
|
|
4.70%, 05/14/2045
|
724,000
|
619,953
|
|
5.40%, 03/15/2054
|
769,000
|
703,836
|
|
Bayer U.S. Finance II LLC
|
|
|
|
4.70%, 07/15/2064 (A)
|
813,000
|
595,718
|
|
Bristol-Myers Squibb Co.
|
|
|
|
5.65%, 02/22/2064
|
452,000
|
421,784
|
|
Cencora, Inc.
|
|
|
|
5.65%, 02/13/2056
|
409,000
|
385,117
|
|
CVS Health Corp.
|
|
|
|
5.30%, 12/05/2043
|
1,038,000
|
930,216
|
|
5.88%, 06/01/2053
|
707,000
|
657,951
|
|
6.05%, 06/01/2054
|
406,000
|
386,677
|
|
Fixed until 09/10/2034,
6.75% (B), 12/10/2054
|
712,000
|
733,596
|
|
Eli Lilly & Co.
|
|
|
|
5.10%, 02/09/2064
|
477,000
|
411,357
|
|
Merck & Co., Inc.
|
|
|
|
5.00%, 05/17/2053
|
322,000
|
278,668
|
|
5.85%, 05/22/2056
|
522,000
|
509,142
|
|
Mylan, Inc.
|
|
|
|
5.40%, 11/29/2043
|
310,000
|
263,428
|
|
Pfizer Investment Enterprises Pte. Ltd.
|
|
|
|
5.34%, 05/19/2063
|
538,000
|
469,593
|
|
Pfizer, Inc.
|
|
|
|
4.20%, 09/15/2048
|
1,137,000
|
883,871
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
|
|
3.18%, 07/09/2050
|
544,000
|
343,818
|
|
Takeda U.S. Financing, Inc.
|
|
|
|
5.90%, 07/07/2055
|
484,000
|
467,056
|
|
Viatris, Inc.
|
|
|
|
4.00%, 06/22/2050
|
437,000
|
289,991
|
|
|
|
9,351,772
|
|
Residential REITs - 0.4%
|
||
|
American Homes 4 Rent LP
|
|
|
|
4.30%, 04/15/2052
|
755,000
|
568,402
|
|
Retail REITs - 0.1%
|
||
|
Kimco Realty OP LLC
|
|
|
|
3.70%, 10/01/2049
|
298,000
|
212,884
|
|
|
Principal
|
Value
|
|
CORPORATE DEBT SECURITIES (continued)
|
||
|
Semiconductors & Semiconductor Equipment - 2.9%
|
||
|
Broadcom, Inc.
|
|
|
|
3.75%, 02/15/2051
|
$ 593,000
|
$ 400,597
|
|
5.70%, 01/15/2056 (D)
|
570,000
|
509,241
|
|
Foundry JV Holdco LLC
|
|
|
|
6.30%, 01/25/2039 (A)
|
732,000
|
749,993
|
|
Intel Corp.
|
|
|
|
4.80%, 10/01/2041
|
346,000
|
297,087
|
|
5.60%, 02/21/2054
|
852,000
|
745,002
|
|
5.90%, 02/10/2063
|
457,000
|
407,995
|
|
KLA Corp.
|
|
|
|
5.00%, 03/15/2049
|
383,000
|
330,624
|
|
NXP BV/NXP Funding LLC/NXP USA, Inc.
|
|
|
|
3.25%, 05/11/2041 - 11/30/2051
|
1,060,000
|
674,277
|
|
Texas Instruments, Inc.
|
|
|
|
5.05%, 05/18/2063
|
472,000
|
394,568
|
|
|
|
4,509,384
|
|
Software - 2.7%
|
||
|
Intuit, Inc.
|
|
|
|
5.50%, 09/15/2053
|
432,000
|
370,567
|
|
Oracle Corp.
|
|
|
|
5.50%, 09/27/2064
|
387,000
|
279,553
|
|
5.95%, 09/26/2055
|
477,000
|
378,995
|
|
6.55%, 02/04/2046
|
600,000
|
530,985
|
|
6.90%, 11/09/2052
|
1,604,000
|
1,446,876
|
|
Salesforce, Inc.
|
|
|
|
6.55%, 03/15/2056
|
415,000
|
396,467
|
|
ServiceNow, Inc.
|
|
|
|
6.30%, 05/15/2056
|
412,000
|
397,728
|
|
Synopsys, Inc.
|
|
|
|
5.70%, 04/01/2055
|
467,000
|
428,262
|
|
|
|
4,229,433
|
|
Transportation Infrastructure - 2.1%
|
||
|
Burlington Northern Santa Fe LLC
|
|
|
|
2.88%, 06/15/2052
|
146,000
|
86,226
|
|
4.70%, 09/01/2045
|
1,127,000
|
966,185
|
|
5.20%, 04/15/2054
|
83,000
|
73,669
|
|
5.55%, 03/15/2056
|
143,000
|
133,343
|
|
GXO Logistics, Inc.
|
|
|
|
2.65%, 07/15/2031
|
535,000
|
470,596
|
|
6.50%, 05/06/2034
|
168,000
|
174,059
|
|
Norfolk Southern Corp.
|
|
|
|
4.65%, 01/15/2046
|
594,000
|
499,029
|
|
Union Pacific Corp.
|
|
|
|
5.60%, 12/01/2054
|
392,000
|
370,755
|
|
United Parcel Service, Inc.
|
|
|
|
6.05%, 05/14/2065
|
392,000
|
381,554
|
|
|
|
3,155,416
|
|
Total Corporate Debt Securities
(Cost $135,170,724)
|
|
129,753,600
|
|
U.S. GOVERNMENT OBLIGATIONS - 7.6%
|
||
|
U.S. Treasury - 6.6%
|
||
|
U.S. Treasury Bonds
|
|
|
|
1.25%, 05/15/2050
|
4,088,000
|
1,838,003
|
|
|
Principal
|
Value
|
|
U.S. GOVERNMENT OBLIGATIONS (continued)
|
||
|
U.S. Treasury (continued)
|
||
|
U.S. Treasury Bonds (continued)
|
|
|
|
3.00%, 11/15/2045
|
$ 1,343,000
|
$ 970,213
|
|
4.63%, 11/15/2045 - 11/15/2055
|
4,735,000
|
4,340,161
|
|
4.75%, 02/15/2056
|
453,000
|
418,600
|
|
5.00%, 05/15/2046 - 05/15/2056
|
2,527,000
|
2,439,375
|
|
U.S. Treasury Notes
|
|
|
|
4.13%, 02/15/2036
|
80,000
|
76,450
|
|
4.38%, 05/15/2036
|
177,000
|
172,354
|
|
|
|
10,255,156
|
|
U.S. Treasury Inflation-Protected Securities - 1.0%
|
||
|
U.S. Treasury Inflation-Protected Indexed
Bonds
|
|
|
|
1.50%, 02/15/2053
|
2,075,120
|
1,488,395
|
|
|
|
1,488,395
|
|
Total U.S. Government Obligations
(Cost $12,535,457)
|
|
11,743,551
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.6%
|
||
|
Cote d'Ivoire - 0.2%
|
||
|
Ivory Coast Government International Bonds
|
|
|
|
8.25%, 01/30/2037 (A)
|
277,000
|
298,047
|
|
Guatemala - 0.2%
|
||
|
Guatemala Government Bonds
|
|
|
|
6.13%, 06/01/2050 (C)
|
388,000
|
371,704
|
|
Ireland - 0.2%
|
||
|
Amazon Conservation DAC
|
|
|
|
6.03%, 01/16/2042 (A)
|
350,000
|
344,820
|
|
Israel - 0.4%
|
||
|
Israel Government International Bonds
|
|
|
|
5.75%, 03/12/2054
|
402,000
|
368,323
|
|
5.88%, 01/13/2056
|
260,000
|
242,706
|
|
|
|
611,029
|
|
Mexico - 0.6%
|
||
|
Mexico Government International Bonds
|
|
|
|
4.60%, 02/10/2048
|
395,000
|
284,597
|
|
6.75%, 02/09/2056
|
630,000
|
586,845
|
|
|
|
871,442
|
|
Panama - 0.3%
|
||
|
Panama Government International Bonds
|
|
|
|
4.50%, 04/01/2056
|
642,000
|
471,870
|
|
Poland - 0.4%
|
||
|
Bank Gospodarstwa Krajowego
|
|
|
|
6.25%, 07/09/2054 (C)
|
600,000
|
587,531
|
|
Republic of South Africa - 0.1%
|
||
|
Republic of South Africa Government
International Bonds
|
|
|
|
7.95%, 11/19/2054 (A)
|
200,000
|
207,720
|
|
|
Principal
|
Value
|
|
FOREIGN GOVERNMENT OBLIGATIONS (continued)
|
||
|
Romania - 0.2%
|
||
|
Romania Government International Bonds
|
|
|
|
4.00%, 02/14/2051 (A)
|
$ 338,000
|
$ 219,537
|
|
Total Foreign Government Obligations
(Cost $3,940,794)
|
|
3,983,700
|
|
ASSET-BACKED SECURITIES - 2.4%
|
||
|
JG Wentworth XLII LLC
|
|
|
|
Series 2018-2A, Class A,
3.96%, 10/15/2075 (A)
|
407,628
|
371,374
|
|
JG Wentworth XLIII LLC
|
|
|
|
Series 2019-1A, Class A,
3.82%, 08/17/2071 (A)
|
2,971,786
|
2,605,481
|
|
JG Wentworth XXXVIII LLC
|
|
|
|
Series 2017-1A, Class A,
3.99%, 08/16/2060 (A)
|
738,165
|
670,290
|
|
Total Asset-Backed Securities
(Cost $3,732,511)
|
3,647,145
|
|
|
U.S. GOVERNMENT AGENCY OBLIGATION - 0.4%
|
||
|
Tennessee Valley Authority
|
|
|
|
4.25%, 09/15/2065
|
861,000
|
662,702
|
|
Total U.S. Government Agency Obligation
(Cost $696,848)
|
662,702
|
|
|
MUNICIPAL GOVERNMENT OBLIGATION - 0.3%
|
||
|
New York - 0.3%
|
||
|
Metropolitan Transportation Authority,
Revenue Bonds,
|
|
|
|
Series E,
|
|
|
|
6.81%, 11/15/2040
|
440,000
|
471,909
|
|
Total Municipal Government Obligation
(Cost $486,816)
|
|
471,909
|
|
|
Shares
|
Value
|
|
OTHER INVESTMENT COMPANY - 0.3%
|
||
|
Securities Lending Collateral - 0.3%
|
||
|
State Street Navigator Securities Lending
Trust - Government Money Market Portfolio,
3.64% (E)
|
514,650
|
514,650
|
|
Total Other Investment Company
(Cost $514,650)
|
514,650
|
|
|
Total Investments
(Cost $157,077,800)
|
150,777,257
|
|
|
Net Other Assets (Liabilities) - 2.1%
|
3,229,187
|
|
|
Net Assets - 100.0%
|
$ 154,006,444
|
|
|
Valuation Inputs (F)
|
|
|
|
|
|
|
Level 1 -
Unadjusted
Quoted Prices
|
Level 2 -
Other Significant
Observable Inputs
|
Level 3 -
Significant
Unobservable Inputs
|
Value
|
|
ASSETS
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Corporate Debt Securities
|
$—
|
$129,753,600
|
$—
|
$129,753,600
|
|
U.S. Government Obligations
|
—
|
11,743,551
|
—
|
11,743,551
|
|
Foreign Government Obligations
|
—
|
3,983,700
|
—
|
3,983,700
|
|
Asset-Backed Securities
|
—
|
3,647,145
|
—
|
3,647,145
|
|
U.S. Government Agency Obligation
|
—
|
662,702
|
—
|
662,702
|
|
Municipal Government Obligation
|
—
|
471,909
|
—
|
471,909
|
|
Other Investment Company
|
514,650
|
—
|
—
|
514,650
|
|
Total Investments
|
$514,650
|
$150,262,607
|
$—
|
$150,777,257
|
|
(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 $23,238,422, representing 15.1% of the
Fund's net assets.
|
|
(B)
|
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.
|
|
(C)
|
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 $2,950,100, representing 1.9%
of the Fund's net assets.
|
|
(D)
|
All or a portion of the security is on loan. The total value of the securities on
loan is $1,112,311, collateralized by cash collateral of $514,650 and
non-cash collateral, such as U.S. government securities of $621,428. 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.
|
|
(E)
|
Rate disclosed reflects the yield at July 31, 2026.
|
|
(F)
|
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.
|
|
REIT
|
Real Estate Investment Trust
|