Vanguard® STAR® Core-Plus Bond Fund
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
 
 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
U.S. Government and Agency Obligations (34.3%)
U.S. Government Securities (7.7%)
 
United States Treasury Inflation Indexed Bonds
1.750%
1/15/2034
18,648
17,972
 
United States Treasury Note/Bond
3.375%
11/30/2027
33,000
32,639
 
United States Treasury Note/Bond
3.500%
1/31/2028
64,016
63,321
 
United States Treasury Note/Bond
3.750%
4/15/2028
78,000
77,330
 
United States Treasury Note/Bond
1.250%
9/30/2028
20,000
18,747
 
United States Treasury Note/Bond
3.500%
10/15/2028
42,000
41,293
 
United States Treasury Note/Bond
4.375%
11/30/2030
21,805
21,767
 
United States Treasury Note/Bond
3.875%
8/15/2040
14,000
12,379
1
United States Treasury Note/Bond
4.750%
2/15/2041
5,760
5,578
 
United States Treasury Note/Bond
1.750%
8/15/2041
3,105
1,999
2
United States Treasury Note/Bond
2.000%
11/15/2041
17,778
11,829
 
United States Treasury Note/Bond
2.375%
2/15/2042
11,852
8,301
 
United States Treasury Note/Bond
3.250%
5/15/2042
10,000
7,924
 
United States Treasury Note/Bond
2.750%
11/15/2042
45,000
32,843
 
United States Treasury Note/Bond
4.000%
11/15/2042
27,000
23,448
 
United States Treasury Note/Bond
3.875%
2/15/2043
31,000
26,409
 
United States Treasury Note/Bond
3.875%
5/15/2043
43,800
37,221
 
United States Treasury Note/Bond
3.750%
11/15/2043
20,000
16,601
 
United States Treasury Note/Bond
4.750%
11/15/2043
10,179
9,629
 
United States Treasury Note/Bond
4.625%
11/15/2044
30,000
27,770
2
United States Treasury Note/Bond
2.500%
2/15/2045
25,338
16,983
 
United States Treasury Note/Bond
4.750%
2/15/2045
31,000
29,140
 
United States Treasury Note/Bond
2.500%
2/15/2046
4,711
3,101
 
United States Treasury Note/Bond
3.000%
5/15/2047
1,040
737
 
United States Treasury Note/Bond
2.375%
11/15/2049
16,331
9,888
3
United States Treasury Note/Bond
1.250%
5/15/2050
42,300
19,022
 
United States Treasury Note/Bond
1.625%
11/15/2050
15,400
7,619
3
United States Treasury Note/Bond
2.375%
5/15/2051
32,800
19,472
4
United States Treasury Note/Bond
2.000%
8/15/2051
45,000
24,268
2
United States Treasury Note/Bond
1.875%
11/15/2051
28,707
14,928
2
United States Treasury Note/Bond
2.250%
2/15/2052
34,217
19,536
 
 
 
 
 
659,694
Conventional Mortgage-Backed Securities (18.8%)
5,6
Fannie Mae Pool
3.000%
6/1/2043
5,103
4,588
5,6
Freddie Mac Gold Pool
3.000%
6/1/2045–1/1/2047
1,249
1,096
5,6
Freddie Mac Gold Pool
3.500%
11/1/2047–8/1/2048
233
212
5,6
Freddie Mac Gold Pool
4.000%
9/1/2030–4/1/2044
252
240
5,6
Freddie Mac Gold Pool
4.500%
9/1/2035–11/1/2045
2,871
2,812
5,6
Freddie Mac Gold Pool
5.000%
1/1/2038–4/1/2044
979
977
5
Ginnie Mae I Pool
2.500%
11/15/2042–12/15/2046
7,132
6,214
5
Ginnie Mae I Pool
3.000%
11/15/2026–6/15/2030
285
282
5
Ginnie Mae I Pool
3.250%
8/15/2042
1,217
1,111
5
Ginnie Mae I Pool
3.500%
7/15/2042
10
9
5
Ginnie Mae I Pool
3.750%
7/15/2042
164
153
5
Ginnie Mae I Pool
3.875%
10/15/2040–6/15/2042
2,022
1,905
5
Ginnie Mae I Pool
5.000%
6/15/2041
1
1
5
Ginnie Mae I Pool
5.500%
1/15/2030–9/15/2045
8
1,127
5
Ginnie Mae I Pool
6.000%
3/15/2040
20
21
5
Ginnie Mae I Pool
6.500%
5/15/2037
1
1
5
Ginnie Mae I Pool
7.000%
11/15/2031–11/15/2036
498
507
5
Ginnie Mae I Pool
7.500%
10/15/2031
253
259
5
Ginnie Mae I Pool
8.000%
8/15/2031
104
106
5
Ginnie Mae II Pool
1.500%
4/20/2044–6/20/2047
46
36
5
Ginnie Mae II Pool
2.000%
10/20/2043–8/20/2051
61,304
49,187
5
Ginnie Mae II Pool
2.500%
6/20/2037–3/20/2052
81,381
68,590
5
Ginnie Mae II Pool
3.000%
4/20/2031–12/20/2052
51,371
45,023
5
Ginnie Mae II Pool
3.500%
5/20/2046–9/20/2051
41,235
37,391
5
Ginnie Mae II Pool
4.000%
6/20/2039–8/20/2052
43,864
40,460
5
Ginnie Mae II Pool
4.500%
12/20/2032–10/20/2052
27,636
26,287
5,7
Ginnie Mae II Pool
5.000%
3/20/2033–8/15/2056
87,953
86,096
5,7
Ginnie Mae II Pool
5.500%
1/20/2034–8/15/2056
67,202
67,279

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5
Ginnie Mae II Pool
6.000%
4/20/2028–10/20/2055
26,250
26,800
5
Ginnie Mae II Pool
6.500%
5/20/2037–8/20/2055
6,594
6,838
5
Ginnie Mae II Pool
7.000%
2/20/2055
1,389
1,444
5,6
UMBS Pool
1.500%
1/1/2051
36,636
27,363
5,6
UMBS Pool
2.000%
4/1/2041–5/1/2052
296,891
235,448
5,6
UMBS Pool
2.500%
7/1/2027–7/1/2053
224,188
186,955
5,6
UMBS Pool
3.000%
9/1/2026–6/1/2052
110,371
96,109
5,6
UMBS Pool
3.500%
5/1/2042–8/1/2052
89,519
80,787
5,6
UMBS Pool
4.000%
7/1/2042–6/1/2052
53,481
49,744
5,6,7
UMBS Pool
4.500%
12/1/2040–11/1/2054
53,864
51,111
5,6,7
UMBS Pool
5.000%
9/1/2035–8/25/2056
131,915
128,721
5,6,7
UMBS Pool
5.500%
5/1/2039–8/25/2056
139,890
139,411
5,6,7
UMBS Pool
6.000%
11/1/2052–9/25/2056
105,011
107,157
5,6
UMBS Pool
6.500%
2/1/2029–8/1/2055
34,223
35,574
 
 
 
 
 
1,615,432
Nonconventional Mortgage-Backed Securities (7.8%)
5,6
Fannie Mae Pool
1.646%
8/1/2051
1,066
1,015
5,6
Fannie Mae Pool
1.666%
8/1/2051
1,517
1,447
5,6
Fannie Mae Pool
1.667%
8/1/2051
1,280
1,220
5,6
Fannie Mae Pool
1.772%
8/1/2051
1,695
1,621
5,6
Fannie Mae Pool
1.858%
10/1/2051
1,003
956
5,6
Fannie Mae Pool
3.836%
4/1/2056
1,503
1,454
5,6
Fannie Mae Pool
4.304%
2/1/2056
9,774
9,499
5,6
Fannie Mae Pool
4.522%
9/1/2055
7,401
7,259
5,6
Fannie Mae Pool
4.553%
10/1/2055
12,399
12,176
5,6
Fannie Mae Pool
4.592%
3/1/2056
1,333
1,318
5,6
Fannie Mae Pool
4.606%
6/1/2056
4,755
4,702
5,6
Fannie Mae Pool
4.615%
8/1/2055
4,293
4,265
5,6
Fannie Mae Pool
4.622%
3/1/2056
2,745
2,717
5,6
Fannie Mae Pool
4.639%
3/1/2056
8,403
8,323
5,6
Fannie Mae Pool
4.664%
4/1/2056
2,277
2,257
5,6
Fannie Mae Pool
4.713%
1/1/2056
3,126
3,103
5,6
Fannie Mae Pool
4.738%
5/1/2056
15,958
15,751
5,6
Fannie Mae Pool
4.848%
12/1/2055
2,389
2,362
5,6
Fannie Mae Pool
4.859%
12/1/2055
11,452
11,352
5,6
Fannie Mae Pool
4.891%
6/1/2056
2,375
2,348
5,6
Fannie Mae Pool
4.908%
4/1/2056
2,092
2,074
5,6
Fannie Mae Pool
4.914%
6/1/2056
12,911
12,800
5,6
Fannie Mae Pool
4.920%
4/1/2056
2,692
2,667
5,6
Fannie Mae Pool
4.939%
11/1/2055
9,239
9,178
5,6
Fannie Mae Pool
4.967%
11/1/2055
5,531
5,500
5,6
Fannie Mae Pool
4.976%
3/1/2056
6,376
6,336
5,6
Fannie Mae Pool
4.996%
8/1/2055
2,007
2,012
5,6
Fannie Mae Pool
5.016%
4/1/2056
1,386
1,368
5,6
Fannie Mae Pool
5.037%
3/1/2056
4,839
4,837
5,6
Fannie Mae Pool
5.044%
4/1/2056
3,328
3,313
5,6
Fannie Mae Pool
5.047%
12/1/2055
6,721
6,701
5,6
Fannie Mae Pool
5.059%
1/1/2056
2,784
2,774
5,6
Fannie Mae Pool
5.084%
5/1/2056
1,705
1,704
5,6
Fannie Mae Pool
5.087%
12/1/2055
4,016
4,024
5,6
Fannie Mae Pool
5.095%
10/1/2055
5,734
5,747
5,6
Fannie Mae Pool
5.113%
6/1/2056
2,517
2,509
5,6
Fannie Mae Pool
5.115%
5/1/2056
2,778
2,752
5,6
Fannie Mae Pool
5.117%
10/1/2055
2,228
2,224
5,6
Fannie Mae Pool
5.133%
9/1/2055
4,767
4,764
5,6
Fannie Mae Pool
5.146%
6/1/2056
2,147
2,141
5,6
Fannie Mae Pool
5.167%
12/1/2055
1,555
1,554
5,6
Fannie Mae Pool
5.284%
8/1/2056
2,000
2,003
5,6
Fannie Mae Pool
5.368%
5/1/2055
2,508
2,524
5,6,8
Fannie Mae Pool, RFUCCT1Y + 1.560%
6.310%
8/1/2043
55
57
5,6,8
Fannie Mae Pool, RFUCCT1Y + 1.580%
6.330%
9/1/2044
302
313
5,6
Fannie Mae REMICS
1.000%
8/25/2050
2,062
1,617
5,6
Fannie Mae REMICS
1.250%
5/25/2050
896
711
5,6
Fannie Mae REMICS
1.500%
1/25/2051
10,281
7,989
5,6
Fannie Mae REMICS
1.625%
8/25/2050
18,815
14,706
5,6
Fannie Mae REMICS
2.500%
4/25/2043–11/25/2049
14,734
12,596
5,6
Fannie Mae REMICS
3.000%
11/25/2046–10/25/2049
10,530
8,890
5,6
Fannie Mae REMICS
3.500%
10/25/2042–9/25/2045
2,678
2,435
5,6
Fannie Mae REMICS
5.500%
12/25/2051–3/25/2054
10,014
9,885

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,6
Fannie Mae REMICS
6.000%
9/25/2053
1,310
1,319
5,6
Fannie Mae REMICS
6.500%
11/25/2053
2,390
2,469
5,6,8
Fannie Mae REMICS, SOFR30A + 1.100%
4.716%
4/25/2056
7,270
7,262
5,6,8
Fannie Mae REMICS, SOFR30A + 1.400%
5.016%
6/25/2056
36,527
36,703
5,6,8
Fannie Mae REMICS, SOFR30A + 1.450%
5.066%
6/25/2056
51,897
52,185
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.514%
6.263%
10/1/2044
98
101
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.600%
6.327%
10/1/2044
422
437
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.617%
6.327%
9/1/2044
263
273
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.620%
6.219%
10/1/2044
354
367
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.620%
6.370%
9/1/2043–7/1/2044
187
195
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.630%
5.855%
4/1/2044
274
283
5,6,8
Freddie Mac Non Gold Pool, RFUCCT1Y + 1.640%
6.172%
8/1/2043
298
309
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.060%
4.591%
1/1/2056
861
843
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.089%
4.624%
3/1/2056
5,572
5,500
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.100%
4.722%
5/1/2056
1,174
1,163
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.105%
5.042%
9/1/2055
2,591
2,576
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.124%
4.968%
2/1/2056
10,987
10,894
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.124%
5.381%
7/1/2056
3,250
3,248
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.138%
4.609%
5/1/2056
5,789
5,666
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.147%
5.182%
11/1/2055
2,260
2,260
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.149%
5.129%
12/1/2055
6,650
6,622
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.157%
5.024%
6/1/2056
5,407
5,361
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.159%
5.255%
5/1/2056
3,534
3,522
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.169%
5.224%
10/1/2055
1,287
1,283
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.175%
5.054%
5/1/2056
5,599
5,557
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.184%
5.309%
11/1/2055
1,540
1,536
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.186%
5.167%
10/1/2055
2,868
2,867
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.221%
5.143%
8/1/2055
2,713
2,703
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.245%
4.556%
10/1/2055
4,023
3,936
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.248%
5.137%
1/1/2056
5,893
5,891
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.265%
5.195%
6/1/2056
3,860
3,864
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.296%
4.953%
12/1/2055
3,519
3,485
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.320%
4.959%
11/1/2055
1,821
1,813
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.320%
5.095%
11/1/2055
3,187
3,171
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.320%
5.353%
10/1/2055
1,471
1,465
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.325%
5.163%
10/1/2055
2,544
2,536
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.325%
5.284%
9/1/2055
3,133
3,131
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.325%
5.290%
9/1/2055
2,876
2,875
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.340%
4.637%
6/1/2056
2,196
2,144
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.340%
4.676%
5/1/2056
1,586
1,550
5,6,8
Freddie Mac Non Gold Pool, SOFR30A + 2.350%
4.798%
4/1/2056
1,755
1,729
5,6
Freddie Mac REMICS
1.000%
8/25/2050
1,067
786
5,6
Freddie Mac REMICS
2.000%
7/25/2050–9/25/2050
23,833
20,592
5,6
Freddie Mac REMICS
2.500%
11/25/2040–12/25/2050
26,305
22,846
5,6
Freddie Mac REMICS
3.000%
3/15/2044–9/25/2049
12,382
10,932
5,6
Freddie Mac REMICS
3.500%
3/15/2042
1,485
1,345
5,6
Freddie Mac REMICS
4.000%
2/15/2042–7/15/2048
4,412
4,133
5,6
Freddie Mac REMICS
5.250%
8/25/2055
3,728
3,686
5,6
Freddie Mac REMICS
5.500%
5/25/2054
2,489
2,470
5,6
Freddie Mac REMICS
6.000%
10/25/2053–6/25/2054
7,549
7,567
5,8
Ginnie Mae II Pool, 1YR CMT + 1.500%
4.000%
11/20/2055–1/20/2056
5,666
5,483
5,8
Ginnie Mae II Pool, 1YR CMT + 1.500%
4.500%
9/20/2055–5/20/2056
26,146
25,737
5,8
Ginnie Mae II Pool, 1YR CMT + 1.500%
5.000%
11/20/2055–5/20/2056
22,279
22,227
5
Ginnie Mae REMICS
1.000%
4/20/2051
1,025
771
5
Ginnie Mae REMICS
1.250%
2/20/2050–2/20/2051
7,571
5,791
5
Ginnie Mae REMICS
1.375%
8/20/2050
12,268
9,463
5
Ginnie Mae REMICS
1.500%
2/20/2050
873
683
5
Ginnie Mae REMICS
2.500%
10/20/2043–11/20/2049
18,065
15,773
5
Ginnie Mae REMICS
3.500%
4/20/2047–5/20/2048
6,028
5,593
5
Ginnie Mae REMICS
4.000%
8/20/2041
25,093
23,422
5
Ginnie Mae REMICS
5.000%
9/20/2055
9,005
8,869
5
Ginnie Mae REMICS
6.000%
10/20/2053
1,846
1,876
5,8
Ginnie Mae REMICS, SOFR30A + 0.820%
3.000%
2/20/2052
10,368
9,005
5,8
Ginnie Mae REMICS, SOFR30A + 1.350%
4.971%
7/20/2055
8,290
8,393
 
 
 
 
 
664,387
Total U.S. Government and Agency Obligations (Cost $2,984,987)
2,939,513
Asset-Backed/Commercial Mortgage-Backed Securities (15.0%)
5,9
Affirm Asset Securitization Trust Series 2025-X2
4.930%
10/15/2030
290
290

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
Affirm Asset Securitization Trust Series 2026-X1
4.820%
4/15/2031
290
289
5,9
Affirm Master Trust Series 2025-3A
4.450%
10/16/2034
2,460
2,437
5,9
Affirm Master Trust Series 2025-3A
4.750%
10/16/2034
290
287
5,9
Affirm Master Trust Series 2025-3A
4.890%
10/16/2034
2,300
2,273
5,9
Affirm Master Trust Series 2026-1A
4.370%
2/15/2034
4,210
4,184
5,9
Affirm Master Trust Series 2026-1A
4.910%
2/15/2034
400
396
5,9
Affirm Master Trust Series 2026-3A
4.780%
8/15/2034
5,240
5,243
5,9
Affirm Master Trust Series 2026-3A
5.030%
8/15/2034
250
250
5,9
Affirm Master Trust Series 2026-3A
5.180%
8/15/2034
290
290
5,9
Affirm Master Trust Series 2026-3A
5.420%
8/15/2034
230
230
5,9
AIMCO CLO 18 Ltd. Series 2022-18AR
0.000%
7/20/2039
3,300
3,300
5,9
Aligned Data Centers Issuer LLC Series 2026-1A
5.909%
6/15/2056
2,390
2,381
5,9
Ally Auto Receivables Trust Series 2023-1
5.960%
3/15/2029
254
256
5,9
Ally Auto Receivables Trust Series 2023-1
6.740%
4/15/2034
165
167
5,9
Ally Auto Receivables Trust Series 2023-A
7.330%
1/17/2034
175
178
5
Ally Auto Receivables Trust Series 2024-1
5.410%
11/15/2029
184
186
5,9
Ally Auto Receivables Trust Series 2024-1
5.800%
2/16/2032
182
184
5,9
Ally Bank Series 2026-A
4.856%
3/15/2034
562
561
5,9
Ally Bank Series 2026-A
5.248%
3/15/2034
268
267
5,9
Ally Bank Auto Credit-Linked Notes Series 2024-A
6.022%
5/17/2032
376
380
5,9
Ally Bank Auto Credit-Linked Notes Series 2024-B
4.970%
9/15/2032
151
151
5,9
Ally Bank Auto Credit-Linked Notes Series 2024-B
5.117%
9/15/2032
108
108
5,9
Ally Bank Auto Credit-Linked Notes Series 2024-B
5.215%
9/15/2032
349
351
5,9
Ally Bank Auto Credit-Linked Notes Series 2025-A
4.844%
6/15/2033
747
746
5,9
Ally Bank Auto Credit-Linked Notes Series 2025-A
4.991%
6/15/2033
355
354
5,9
Ally Bank Auto Credit-Linked Notes Series 2025-B
4.697%
9/15/2033
893
888
5,9
Ally Bank Auto Credit-Linked Notes Series 2025-B
4.942%
9/15/2033
337
336
5,9
American Heritage Auto Receivables Trust Series 2024-1A
5.070%
6/17/2030
241
243
5
AmeriCredit Automobile Receivables Trust Series 2023-2
6.000%
7/18/2029
520
528
5
AmeriCredit Automobile Receivables Trust Series 2024-1
5.380%
6/18/2029
1,190
1,200
5,9
AMSR Trust Series 2024-SFR2
4.150%
11/17/2041
905
876
5,9
AMSR Trust Series 2024-SFR2
4.150%
11/17/2041
595
570
5,9
AMSR Trust Series 2025-SFR1
3.655%
6/17/2042
2,130
2,011
5,9
AMSR Trust Series 2025-SFR2
4.275%
11/17/2042
1,110
1,055
5,9
AMSR Trust Series 2026-SFR1
3.775%
4/17/2043
650
608
5,8,9
Apidos CLO XLVII Ltd. Series 2024-47A, TSFR3M + 1.250%
5.060%
4/26/2039
2,790
2,791
5,8,9
Apidos CLO XLVII Ltd. Series 2024-47A, TSFR3M + 1.580%
5.390%
4/26/2039
1,640
1,645
5,9
APIDOS CLO XLVIII Ltd. Series 2024-48AR
0.000%
7/25/2039
3,310
3,310
5,9
AutoNation Finance Trust Series 2025-1A
5.190%
12/10/2030
560
563
5,9
AutoNation Finance Trust Series 2025-1A
5.630%
9/10/2032
730
733
5,9
AutoNation Finance Trust Series 2026-1A
4.560%
10/14/2031
450
444
5,9
AutoNation Finance Trust Series 2026-1A
5.070%
1/11/2034
1,440
1,420
5,9
AutoNation Finance Trust Series 2026-2A
5.110%
6/15/2032
720
719
5,9
AutoNation Finance Trust Series 2026-2A
5.750%
5/15/2034
1,020
1,018
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2023-1A
6.230%
4/20/2029
258
261
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2023-7A
5.900%
8/21/2028
130
131
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2023-8A
6.020%
2/20/2030
1,306
1,339
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2024-1A
5.360%
6/20/2030
599
605
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2024-3A
5.230%
12/20/2030
575
579
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2024-3A
5.580%
12/20/2030
330
332
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2025-1A
4.800%
8/20/2029
1,420
1,419
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2025-1A
5.240%
8/20/2029
2,230
2,232
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2025-1A
5.870%
8/20/2029
210
211
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2025-2A
5.510%
8/20/2031
500
501
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2025-2A
6.240%
8/20/2031
220
224
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2026-1A
4.280%
8/20/2030
1,010
992
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2026-2A
4.600%
8/20/2032
1,060
1,037
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2026-2A
5.000%
8/20/2032
710
692
5,9
Avis Budget Rental Car Funding AESOP LLC Series 2026-3A
5.210%
4/20/2031
570
567
5,9
Avis Budget Rental Car Funding LLC Series 2026-4A
5.090%
12/20/2032
2,240
2,223
5,9
Avis Budget Rental Car Funding LLC Series 2026-4A
5.480%
12/20/2032
610
605
5,8,9
Balboa Bay Loan Funding Ltd. Series 2023-2A, TSFR3M + 1.150%
4.879%
10/20/2036
1,680
1,679
5,8,9
Balboa Bay Loan Funding Ltd. Series 2023-2A, TSFR3M + 1.550%
5.279%
10/20/2036
1,760
1,759
5
Banc of America Commercial Mortgage Trust Series 2015-UBS7
4.286%
9/15/2048
81
79
5
Banc of America Funding Trust Series 2006-H
4.607%
9/20/2046
110
96
5
BANK Series 2017-BNK4
3.625%
5/15/2050
198
196
5
BANK Series 2017-BNK7
3.435%
9/15/2060
159
156
5
BANK Series 2017-BNK8
3.488%
11/15/2050
333
325
5
BANK Series 2018-BNK15
4.407%
11/15/2061
72
71
5
BANK Series 2019-BNK16
4.005%
2/15/2052
168
163

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5
BANK Series 2019-BNK23
2.920%
12/15/2052
463
433
5
BANK Series 2019-BNK24
2.960%
11/15/2062
627
586
5
BANK Series 2022-BNK40
3.389%
3/15/2064
7,500
6,856
5
BANK Series 2024-5YR7
5.769%
6/15/2057
1,078
1,097
5
BANK Series 2025-BNK50
5.876%
5/15/2068
890
908
5
BANK Series 2026-BNK52
5.586%
5/15/2069
1,450
1,474
5
BANK Series 2026-BNK52
5.839%
5/15/2069
2,380
2,405
5
Barclays Commercial Mortgage Trust Series 2019-C3
3.583%
5/15/2052
533
513
5
Barclays Commercial Mortgage Trust Series 2019-C5
3.063%
11/15/2052
146
137
5,8,9
Barings CLO Ltd. Series 2025-7A, TSFR3M + 1.140%
4.893%
1/15/2038
1,110
1,110
5,8,9
Barings CLO Ltd. Series 2025-7A, TSFR3M + 1.500%
5.253%
1/15/2038
2,920
2,926
5,8,9
Basswood Park CLO Ltd. Series 2021-1A, TSFR3M + 1.030%
4.759%
4/20/2034
1,334
1,334
5,8,9
Basswood Park CLO Ltd. Series 2021-1A, TSFR3M + 1.500%
5.229%
4/20/2034
1,870
1,873
5,9
Bayview MSR Opportunity Master Fund Trust Series 2021-2
2.500%
6/25/2051
198
159
5,9
Bayview Opportunity Master Fund VI Trust Series 2021-6
2.500%
10/25/2051
929
744
5,9
Bayview Opportunity Master Fund VII Trust Series 2024-SN1
5.670%
8/15/2028
158
158
5,9
Bayview Opportunity Master Fund VII Trust Series 2024-SN1
5.830%
12/15/2028
231
232
5,9
Bayview Opportunity Master Fund VII Trust Series 2024-SN1
6.360%
7/16/2029
279
282
5,9
Bbam US CLO VII Ltd. Series 2026-7A
5.008%
7/27/2039
2,710
2,710
5
BBCMS Mortgage Trust Series 2018-C2
4.314%
12/15/2051
677
665
5
BBCMS Mortgage Trust Series 2022-C16
4.021%
6/15/2055
43
42
5
BBCMS Mortgage Trust Series 2024-5C25
5.946%
3/15/2057
4,600
4,682
5
BBCMS Mortgage Trust Series 2024-5C25
6.358%
3/15/2057
1,375
1,403
5
BBCMS Mortgage Trust Series 2024-5C29
5.208%
9/15/2057
3,245
3,251
5
BBCMS Mortgage Trust Series 2025-C35
5.586%
7/15/2058
1,580
1,605
5
BBCMS Mortgage Trust Series 2025-C35
5.843%
7/15/2058
600
602
5
BBCMS Mortgage Trust Series 2026-5C40
5.248%
2/15/2059
2,030
2,038
5
Bear Stearns ARM Trust Series 2006-4
3.980%
10/25/2036
147
124
5
Bear Stearns ARM Trust Series 2007-3
4.012%
5/25/2047
148
134
5
Benchmark Mortgage Trust Series 2018-B1
3.666%
1/15/2051
768
757
5
Benchmark Mortgage Trust Series 2024-V6
5.926%
3/15/2057
501
511
5
Benchmark Mortgage Trust Series 2024-V10
5.277%
9/15/2057
353
355
5
Benchmark Mortgage Trust Series 2025-B41
5.754%
7/15/2068
1,020
1,024
5,8,9
Benefit Street Partners CLO IV Ltd. Series 2014-IVA, TSFR3M + 1.250%
4.979%
10/20/2038
1,970
1,973
5,8,9
Benefit Street Partners CLO IV Ltd. Series 2014-IVA, TSFR3M + 1.550%
5.279%
10/20/2038
2,240
2,240
5,9
BFLD Commercial Mortgage Trust Series 2025-5MW
4.674%
10/10/2042
2,890
2,834
5,9
BHG Owner Loan Trust Series 2026-1CON
4.810%
6/17/2037
1,110
1,103
5
BMO Mortgage Trust Series 2024-5C4
6.526%
5/15/2057
456
471
5
BMO Mortgage Trust Series 2024-5C8
5.625%
12/15/2057
1,075
1,090
5
BMO Mortgage Trust Series 2024-C9
5.759%
7/15/2057
1,030
1,057
5
BMO Mortgage Trust Series 2025-C13
5.353%
10/15/2058
3,850
3,842
5
BMO Mortgage Trust Series 2026-5C15
5.684%
6/15/2059
4,540
4,633
5
BMO Mortgage Trust Series 2026-5C15
5.984%
6/15/2059
2,710
2,753
5
BMO Mortgage Trust Series 2026-C14
5.317%
2/15/2059
4,760
4,717
5
BMO Mortgage Trust Series 2026-C14
5.522%
2/15/2059
2,150
2,111
5
Bridgecrest Lending Auto Securitization Trust Series 2025-3
4.810%
5/15/2031
940
940
5
Bridgecrest Lending Auto Securitization Trust Series 2025-4
4.800%
8/15/2031
640
638
5
Bridgecrest Lending Auto Securitization Trust Series 2026-1
4.440%
11/17/2031
1,250
1,237
5
Bridgecrest Lending Auto Securitization Trust Series 2026-2
4.880%
2/17/2032
670
669
5,8,9
BVCLN LLC Series 2026-CRD1, SOFR30A + 1.600%
5.216%
9/25/2034
4,790
4,790
5,9
BX Commercial Mortgage Trust Series 2026-VLT10
5.358%
7/13/2058
5,350
5,071
5,9
BX Trust Series 2019-OC11
3.202%
12/9/2041
3,640
3,423
5,9
BX Trust Series 2025-ARIA
5.031%
12/13/2042
5,120
5,086
5,8,9
Capital Street Master Trust Series 2025-1, SOFR30A + 1.100%
4.724%
8/16/2029
2,710
2,709
5,8,9
Capital Street Master Trust Series 2026-1, SOFR30A + 1.150%
4.770%
5/16/2030
4,500
4,496
5,9
Capital Street Master Trust Series 2026-2
0.000%
8/16/2030
6,720
6,720
5
CarMax Auto Owner Trust Series 2024-3
5.280%
3/15/2030
124
125
5
CarMax Auto Owner Trust Series 2024-3
5.670%
1/15/2031
88
89
5
CarMax Auto Owner Trust Series 2024-4
4.820%
5/15/2030
122
122
5
CarMax Auto Owner Trust Series 2024-4
4.970%
6/17/2030
134
134
5
CarMax Auto Owner Trust Series 2024-4
5.360%
8/15/2031
108
108
5
CarMax Auto Owner Trust Series 2025-1
5.110%
9/16/2030
78
78
5
CarMax Auto Owner Trust Series 2025-1
5.260%
10/15/2030
146
147
5
CarMax Auto Owner Trust Series 2025-1
5.600%
7/15/2031
123
124
5
CarMax Auto Owner Trust Series 2025-2
4.960%
11/15/2030
540
541
5
CarMax Auto Owner Trust Series 2025-2
5.740%
10/15/2031
330
333
5
CarMax Auto Owner Trust Series 2025-3
4.880%
4/15/2031
380
379
5
CarMax Auto Owner Trust Series 2025-3
5.220%
5/17/2032
400
399
5
CarMax Auto Owner Trust Series 2025-4
4.810%
9/15/2031
480
477
5
CarMax Auto Owner Trust Series 2025-4
5.110%
5/17/2032
190
189

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5
CarMax Auto Owner Trust Series 2026-1
4.540%
3/15/2032
580
572
5
CarMax Auto Owner Trust Series 2026-1
4.930%
1/18/2033
270
267
5
CarMax Auto Owner Trust Series 2026-2
5.100%
4/18/2033
240
237
5
CarMax Auto Owner Trust Series 2026-3
5.000%
10/15/2032
200
199
5
CarMax Auto Owner Trust Series 2026-3
5.360%
7/15/2033
280
279
5
CD Mortgage Trust Series 2016-CD1
2.724%
8/10/2049
65
64
5
CD Mortgage Trust Series 2016-CD1
3.631%
8/10/2049
169
84
5
CD Mortgage Trust Series 2017-CD3
3.631%
2/10/2050
272
267
5
CD Mortgage Trust Series 2017-CD4
3.514%
5/10/2050
357
354
5
CD Mortgage Trust Series 2017-CD5
3.684%
8/15/2050
225
221
5
CD Mortgage Trust Series 2017-CD6
3.709%
11/13/2050
144
142
5
CD Mortgage Trust Series 2018-CD7
4.838%
8/15/2051
144
134
5,9
CENT Trust Series 2025-CITY
4.920%
7/10/2040
3,880
3,844
5,9
Chase Auto Credit Linked Notes Series 2025-1
4.851%
2/25/2033
326
325
5,9
Chase Auto Credit Linked Notes Series 2025-1
5.047%
2/25/2033
163
162
5,9
Chase Auto Credit Linked Notes Series 2026-1
5.085%
7/25/2034
250
250
5,9
Chase Auto Owner Trust Series 2024-1A
5.160%
11/26/2029
94
95
5,9
Chase Auto Owner Trust Series 2024-1A
5.360%
1/25/2030
88
89
5,9
Chase Auto Owner Trust Series 2024-3A
5.280%
1/25/2030
219
221
5,9
Chase Auto Owner Trust Series 2024-3A
5.410%
2/28/2030
147
149
5,9
Chase Auto Owner Trust Series 2024-4A
5.230%
4/25/2030
361
363
5,9
Chase Auto Owner Trust Series 2024-4A
5.460%
7/25/2030
391
394
5,9
Chase Auto Owner Trust Series 2024-5A
4.620%
8/26/2030
196
194
5,9
Chase Auto Owner Trust Series 2025-1A
4.930%
12/26/2030
340
339
5,9
Chase Auto Owner Trust Series 2025-1A
5.240%
11/26/2032
370
368
5,9
Chase Auto Owner Trust Series 2025-2A
4.530%
4/25/2031
230
226
5,9
Chase Auto Owner Trust Series 2025-2A
5.030%
2/25/2033
660
648
5,9
Chase Auto Owner Trust Series 2026-1A
5.110%
6/25/2032
330
330
5,9
Chase Auto Owner Trust Series 2026-1A
5.560%
9/26/2033
800
797
5,9
Chase Home Lending Mortgage Trust Series 2026-AGY1
5.000%
2/25/2057
5,682
5,587
5,9
Chase Home Lending Mortgage Trust Series 2026-HYB1
5.375%
3/25/2057
5,900
5,881
5
CHL Mortgage Pass-Through Trust Series 2006-HYB1
4.646%
3/20/2036
100
96
5
CHL Mortgage Pass-Through Trust Series 2007-HYB2
4.171%
2/25/2047
121
112
5,8,9
CIFC Funding Ltd. Series 2023-2A, TSFR3M + 1.130%
4.864%
1/21/2037
950
950
5,8,9
CIFC Funding Ltd. Series 2023-2A, TSFR3M + 1.450%
5.184%
1/21/2037
2,730
2,734
5,8,9
CIFC Funding Ltd. Series 2025-6A, TSFR3M + 1.250%
5.002%
10/23/2038
490
491
5,8,9
CIFC Funding Ltd. Series 2025-6A, TSFR3M + 1.550%
5.302%
10/23/2038
900
904
5
Citigroup Commercial Mortgage Trust Series 2015-GC33
4.336%
9/10/2058
203
174
5
Citigroup Commercial Mortgage Trust Series 2017-C4
3.471%
10/12/2050
255
251
5
Citigroup Commercial Mortgage Trust Series 2017-P8
4.192%
9/15/2050
193
177
5
Citigroup Commercial Mortgage Trust Series 2017-P8
4.245%
9/15/2050
110
91
5
Citigroup Commercial Mortgage Trust Series 2018-B2
4.009%
3/10/2051
253
250
5
Citigroup Commercial Mortgage Trust Series 2019-C7
3.102%
12/15/2072
940
882
5
Citigroup Mortgage Loan Trust Series 2007-AR8
4.738%
7/25/2037
7
7
5,9
CLI Funding IX LLC Series 2024-1A
5.630%
7/20/2049
991
995
5,9
COMM Mortgage Trust Series 2013-CR6
3.397%
3/10/2046
41
41
5,9
Compass Datacenters Issuer II LLC Series 2025-2A
4.926%
11/25/2050
3,020
2,937
5,9
Compass Datacenters Issuer III LLC Series 2025-3A
5.286%
7/25/2050
3,740
3,658
5,9
Compass Datacenters Issuer III LLC Series 2026-1A
4.897%
2/25/2056
2,540
2,475
5,9
Compass Datacenters Issuer III LLC Series 2026-1A
5.289%
2/25/2056
1,490
1,459
5,9
Concord Music Royalties LLC Series 2025-1A
5.507%
7/20/2075
4,280
4,282
5,8,9
Connecticut Avenue Securities Trust Series 2023-R06, SOFR30A +
1.700%
5.316%
7/25/2043
31
31
5,8,9
Connecticut Avenue Securities Trust Series 2023-R07, SOFR30A +
1.950%
5.566%
9/25/2043
70
70
5,8,9
Connecticut Avenue Securities Trust Series 2024-R01, SOFR30A +
1.050%
4.666%
1/25/2044
304
304
5,8,9
Connecticut Avenue Securities Trust Series 2024-R02, SOFR30A +
1.100%
4.716%
2/25/2044
17
17
5,8,9
Connecticut Avenue Securities Trust Series 2024-R04, SOFR30A +
1.000%
4.616%
5/25/2044
239
239
5,8,9
Connecticut Avenue Securities Trust Series 2024-R05, SOFR30A +
1.000%
4.616%
7/25/2044
679
679
5,8,9
Connecticut Avenue Securities Trust Series 2024-R06, SOFR30A +
1.150%
4.766%
9/25/2044
398
399
5,8,9
Connecticut Avenue Securities Trust Series 2025-R01, SOFR30A +
0.950%
4.566%
1/25/2045
351
351
5,8,9
Connecticut Avenue Securities Trust Series 2025-R02, SOFR30A +
1.000%
4.616%
2/25/2045
336
337
5,8,9
Connecticut Avenue Securities Trust Series 2025-R03, SOFR30A +
1.450%
5.066%
3/25/2045
1,253
1,258

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,8,9
Connecticut Avenue Securities Trust Series 2025-R04, SOFR30A +
1.000%
4.616%
5/25/2045
749
750
5,8,9
Connecticut Avenue Securities Trust Series 2025-R05, SOFR30A +
1.000%
4.616%
7/25/2045
1,140
1,142
5,8,9
Connecticut Avenue Securities Trust Series 2025-R06, SOFR30A +
0.900%
4.516%
9/25/2045
1,357
1,357
5,8,9
Connecticut Avenue Securities Trust Series 2026-R02, SOFR30A +
0.950%
4.566%
2/25/2046
1,623
1,624
5,8,9
Connecticut Avenue Securities Trust Series 2026-R03, SOFR30A +
1.100%
4.716%
4/25/2046
1,747
1,751
5
CSAIL Commercial Mortgage Trust Series 2015-C3
4.198%
8/15/2048
181
175
5
CSAIL Commercial Mortgage Trust Series 2016-C7
3.502%
11/15/2049
150
150
5
CSAIL Commercial Mortgage Trust Series 2019-C17
2.763%
9/15/2052
65
60
5,9
DB Master Finance LLC Series 2019-1A
4.352%
5/20/2049
309
302
5,9
DB Master Finance LLC Series 2025-1A
4.891%
8/20/2055
2,089
2,055
5,9
DB Master Finance LLC Series 2026-1A
5.200%
5/20/2056
4,740
4,703
5
DBJPM Mortgage Trust Series 2017-C6
3.328%
6/10/2050
180
178
5
DBJPM Mortgage Trust Series 2020-C9
1.926%
8/15/2053
559
497
5,9
Dell Equipment Finance Trust Series 2024-2
4.820%
8/22/2030
113
113
5,9
Dell Equipment Finance Trust Series 2025-1
4.960%
2/24/2031
110
110
5,9
Dell Equipment Finance Trust Series 2025-1
5.640%
8/22/2031
210
212
5,9
Dell Equipment Finance Trust Series 2025-2
4.530%
3/24/2031
400
397
5,9
Dell Equipment Finance Trust Series 2025-2
4.830%
3/22/2032
510
506
5,9
Dell Equipment Finance Trust Series 2026-1A
4.800%
12/22/2031
460
458
5,9
Dell Equipment Finance Trust Series 2026-1A
5.190%
11/22/2032
180
179
5,9
DLLAA LLC Series 2023-1A
5.730%
10/20/2031
139
141
5,9
DLLST LLC Series 2024-1A
4.930%
4/22/2030
57
57
5,9
Domino's Pizza Master Issuer LLC Series 2019-1A
3.668%
10/25/2049
1,150
1,099
5,9
Domino's Pizza Master Issuer LLC Series 2025-1A
4.930%
7/25/2055
4,500
4,430
5,9
Domino's Pizza Master Issuer LLC Series 2025-1A
5.217%
7/25/2055
2,820
2,772
5
Drive Auto Receivables Trust Series 2024-1
5.430%
11/17/2031
738
744
5
Drive Auto Receivables Trust Series 2024-2
4.940%
5/17/2032
1,346
1,349
5
Drive Auto Receivables Trust Series 2025-1
5.410%
9/15/2032
5,470
5,492
5
Drive Auto Receivables Trust Series 2025-2
4.900%
12/15/2032
3,740
3,698
5,8,9
Dryden 113 CLO Ltd. Series 2022-113A, TSFR3M + 1.090%
4.843%
10/15/2037
650
650
5,9
Dryden 115 CLO Ltd. Series 2024-115A
4.939%
4/18/2037
980
980
5,8,9
Dryden 42 Senior Loan Fund Series 2016-42A, TSFR3M + 1.190%
4.943%
7/15/2037
2,070
2,069
5,8,9
Dryden 90 CLO Ltd. Series 2021-90A, TSFR3M + 1.250%
4.901%
11/15/2038
2,110
2,113
5,8,9
Dryden 90 CLO Ltd. Series 2021-90A, TSFR3M + 1.600%
5.251%
11/15/2038
2,200
2,205
5,8,9
Edsouth Indenture No. 9 LLC Series 2015-1, SOFR30A + 0.914%
4.531%
10/25/2056
191
190
5,9
EDvestinU Private Education Loan Issue No. 1 LLC Series 2019-A
3.580%
11/25/2038
38
38
5,9
Ellington Financial Mortgage Trust Series 2026-AE3
5.500%
6/25/2061
18,281
18,015
5,9
Ellington Financial Mortgage Trust Series 2026-AE4
5.500%
6/25/2061
27,704
27,302
5,8,9
Elmwood CLO 21 Ltd. Series 2022-8A, TSFR3M + 1.220%
4.973%
10/15/2038
1,450
1,450
5,8,9
Elmwood CLO 21 Ltd. Series 2022-8A, TSFR3M + 1.550%
5.303%
10/15/2038
1,120
1,124
5,9
Evergreen Credit Card Trust Series 2025-CRT5
5.240%
5/15/2029
238
239
5,9
Evergreen Credit Card Trust Series 2025-CRT5
5.530%
5/15/2029
362
363
5
Exeter Automobile Receivables Trust Series 2025-5A
4.680%
3/15/2032
790
784
5
Exeter Automobile Receivables Trust Series 2025-5A
5.160%
3/15/2032
2,180
2,163
5
Exeter Automobile Receivables Trust Series 2026-1A
4.400%
5/17/2032
1,620
1,599
5
Exeter Automobile Receivables Trust Series 2026-1A
5.000%
5/17/2032
3,850
3,792
5
Exeter Automobile Receivables Trust Series 2026-3A
4.920%
10/15/2032
2,170
2,162
5
Exeter Select Automobile Receivables Trust Series 2025-2
4.630%
11/17/2031
170
169
5,9
FCCU Auto Receivables Trust Series 2025-1A
5.180%
5/15/2031
670
672
5
First Horizon Mortgage Pass-Through Trust Series 2006-AR3
3.676%
11/25/2036
61
28
5
First Horizon Mortgage Pass-Through Trust Series 2006-AR4
4.434%
1/25/2037
130
56
5,9
First Investors Auto Owner Trust Series 2025-1A
4.750%
12/15/2031
770
765
5,9
First Investors Auto Owner Trust Series 2025-1A
5.220%
12/15/2033
570
562
5,9
First Investors Auto Owner Trust Series 2026-1A
5.380%
7/15/2032
2,120
2,120
5,9
First Investors Auto Owner Trust Series 2026-1A
5.800%
4/17/2034
1,880
1,871
5
First National Master Note Trust Series 2024-1
5.340%
5/15/2030
1,100
1,108
5
FIVE Mortgage Trust Series 2023-V1
5.668%
2/10/2056
43
44
5,9
Flagstar Mortgage Trust Series 2021-7
2.500%
8/25/2051
1,600
1,045
5,9
Flagstar Mortgage Trust Series 2021-11IN
2.500%
11/25/2051
896
721
5,9
Flagstar Mortgage Trust Series 2021-12
2.500%
11/25/2051
1,400
905
5,8,9
Flatiron CLO 24 Ltd. Series 2023-2A, TSFR3M + 1.190%
4.943%
1/15/2039
2,470
2,470
5,8,9
Flatiron CLO 24 Ltd. Series 2023-2A, TSFR3M + 1.400%
5.153%
1/15/2039
990
992
5
Ford Credit Auto Lease Trust Series 2025-A
4.960%
2/15/2029
195
196
5,9
Ford Credit Auto Owner Trust Series 2022-1
4.670%
11/15/2034
1,160
1,159
5
Ford Credit Auto Owner Trust Series 2023-C
6.370%
5/15/2031
633
644

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
Ford Credit Auto Owner Trust Series 2024-1
5.240%
8/15/2036
676
682
5
Ford Credit Auto Owner Trust Series 2024-B
5.230%
5/15/2030
817
824
5
Ford Credit Auto Owner Trust Series 2024-C
4.400%
8/15/2030
967
962
5
Ford Credit Auto Owner Trust Series 2024-D
4.880%
9/15/2030
181
181
5,9
Ford Credit Auto Owner Trust Series 2025-1
4.860%
8/15/2037
1,550
1,557
5,9
Ford Credit Auto Owner Trust Series 2025-2
4.670%
2/15/2038
1,250
1,235
5
Ford Credit Auto Owner Trust Series 2025-A
4.890%
2/15/2031
2,150
2,156
5,9
Ford Credit Auto Owner Trust Series 2026-1
4.480%
8/15/2038
1,780
1,739
5,9
Ford Credit Floorplan Master Owner Trust A Series 2024-2
5.560%
4/15/2031
556
565
5,9
Ford Credit Floorplan Master Owner Trust A Series 2024-4
4.610%
9/15/2031
239
237
5
Ford Credit Floorplan Master Owner Trust A Series 2025-1
4.840%
4/15/2030
1,050
1,051
5
Ford Credit Floorplan Master Owner Trust A Series 2026-2
4.850%
5/15/2033
330
327
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2023-HQA3, SOFR30A +
1.850%
5.466%
11/25/2043
188
189
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2024-DNA3, SOFR30A +
1.050%
4.666%
10/25/2044
57
57
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2024-HQA2, SOFR30A +
1.250%
4.866%
8/25/2044
742
745
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2025-DNA1, SOFR30A +
0.950%
4.566%
1/25/2045
117
117
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2025-DNA2, SOFR30A +
1.100%
4.716%
5/25/2045
837
839
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2025-DNA3, SOFR30A +
0.950%
4.566%
9/25/2045
2,525
2,527
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2025-HQA1, SOFR30A +
0.950%
4.566%
2/25/2045
213
213
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2026-HQA1, SOFR30A +
1.000%
4.616%
5/25/2046
1,276
1,280
5,6,8,9
Freddie Mac STACR REMICS Trust Series 2026-HQA1, SOFR30A +
1.250%
4.866%
5/25/2046
2,490
2,492
5,9
GCAT Trust Series 2022-INV1
3.000%
12/25/2051
1,398
1,179
5,9
GCAT Trust Series 2024-INV4
6.000%
12/25/2054
664
667
5,9
GCM CLO Ltd. Series 2026-1A
5.016%
7/20/2039
2,780
2,784
5,9
GCM CLO Ltd. Series 2026-1A
5.296%
7/20/2039
1,130
1,134
5,9,10
GCM CLO Ltd. Series 2026-2A
0.000%
7/20/2039
1,630
1,630
5,9
GGP Trust Series 2026-TY
4.670%
3/5/2043
5,290
5,174
5,9
GLS Auto Receivables Issuer Trust Series 2025-4A
4.530%
4/15/2030
2,050
2,045
5,9
GLS Auto Receivables Issuer Trust Series 2026-2A
4.900%
1/15/2032
2,580
2,569
5,9
GLS Auto Select Receivables Issuer Trust Series 2026-1A
4.460%
2/17/2032
350
345
5
GM Financial Automobile Leasing Trust Series 2025-2
5.040%
10/22/2029
920
923
5
GM Financial Automobile Leasing Trust Series 2025-3
4.600%
1/21/2030
680
678
5
GM Financial Consumer Automobile Receivables Trust Series 2024-1
5.160%
8/16/2029
117
118
5
GM Financial Consumer Automobile Receivables Trust Series 2024-2
5.280%
10/16/2029
180
182
5
GM Financial Consumer Automobile Receivables Trust Series 2024-3
5.390%
1/16/2030
383
387
5
GM Financial Consumer Automobile Receivables Trust Series 2024-4
4.670%
5/16/2030
122
122
5
GM Financial Consumer Automobile Receivables Trust Series 2025-1
5.000%
8/16/2030
75
75
5
GM Financial Consumer Automobile Receivables Trust Series 2025-2
4.910%
10/18/2032
930
932
5
GM Financial Consumer Automobile Receivables Trust Series 2025-3
4.730%
1/18/2033
190
189
5,9
GM Financial Revolving Receivables Trust Series 2021-1
1.490%
6/12/2034
94
94
5,9
GM Financial Revolving Receivables Trust Series 2021-1
1.670%
6/12/2034
171
170
5,9
GM Financial Revolving Receivables Trust Series 2023-2
6.210%
8/11/2036
200
206
5,9
GM Financial Revolving Receivables Trust Series 2024-1
4.980%
12/11/2036
939
947
5,9
GM Financial Revolving Receivables Trust Series 2024-1
5.230%
12/11/2036
266
268
5,9
GM Financial Revolving Receivables Trust Series 2025-1
4.640%
12/11/2037
3,020
3,011
5,9
GM Financial Revolving Receivables Trust Series 2025-1
4.800%
12/11/2037
129
128
5,9
GM Financial Revolving Receivables Trust Series 2025-1
5.000%
12/11/2037
914
911
5
GMACM Mortgage Loan Trust Series 2005-AR6
3.706%
11/19/2035
12
10
5,9
GMF Floorplan Owner Revolving Trust Series 2024-2A
5.060%
3/15/2031
1,184
1,196
5,9
GMF Floorplan Owner Revolving Trust Series 2024-2A
5.350%
3/15/2031
152
153
5,9
GMF Floorplan Owner Revolving Trust Series 2024-4A
4.980%
11/15/2029
312
313
5,9
GMF Floorplan Owner Revolving Trust Series 2025-1A
4.880%
3/15/2029
560
561
5,9
GMF Floorplan Owner Revolving Trust Series 2025-2A
4.910%
3/15/2030
820
821
5,9
GMF Floorplan Owner Revolving Trust Series 2025-2A
4.960%
3/15/2030
640
639
5,9
Goldentree Loan Management US CLO 12 Ltd. Series 2022-12A
4.929%
7/20/2036
2,240
2,240
5,8,9
Goldentree Loan Management US CLO 28 Ltd. Series 2026-28A,
TSFR3M + 1.170%
4.899%
10/20/2039
1,690
1,689
5,8,9
Goldentree Loan Management US CLO 28 Ltd. Series 2026-28A,
TSFR3M + 1.400%
5.129%
10/20/2039
1,560
1,562
5,8,9
Goldentree Loan Management US CLO 9 Ltd. Series 2021-9A, TSFR3M +
1.230%
4.959%
4/20/2037
2,110
2,110

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,8,9
Goldentree Loan Management US CLO 9 Ltd. Series 2021-9A, TSFR3M +
1.600%
5.329%
4/20/2037
630
631
5
GS Mortgage Securities Trust Series 2014-GC24
4.377%
9/10/2047
893
836
5
GS Mortgage Securities Trust Series 2015-GC34
4.545%
10/10/2048
202
65
5
GS Mortgage Securities Trust Series 2017-GS6
3.433%
5/10/2050
127
125
5
GS Mortgage Securities Trust Series 2018-GS9
3.992%
3/10/2051
254
251
5
GS Mortgage Securities Trust Series 2018-GS10
4.155%
7/10/2051
197
194
5
GS Mortgage Securities Trust Series 2020-GC47
2.377%
5/12/2053
9,985
9,096
5
GS Mortgage Securities Trust Series 2020-GC47
2.731%
5/12/2053
440
398
5,9
Hertz Vehicle Financing III LLC Series 2024-1A
6.120%
1/25/2029
536
541
5,9
Hertz Vehicle Financing III LLC Series 2024-1A
6.700%
1/25/2029
338
342
5,9
Hertz Vehicle Financing III LLC Series 2025-5A
4.620%
5/25/2030
1,270
1,252
5,9
Hertz Vehicle Financing III LLC Series 2025-5A
5.500%
5/25/2030
550
540
5,9
Hertz Vehicle Financing III LLC Series 2025-6A
4.890%
5/25/2032
1,490
1,457
5,9
Hertz Vehicle Financing III LLC Series 2025-6A
5.820%
5/25/2032
760
733
5,9
Hertz Vehicle Financing III LLC Series 2026-1A
5.090%
11/25/2030
1,960
1,950
5,9
Hertz Vehicle Financing III LLC Series 2026-1A
5.670%
11/25/2030
380
379
5,9
Hertz Vehicle Financing III LLC Series 2026-1A
6.450%
11/25/2030
800
797
5,9
Hertz Vehicle Financing III LLC Series 2026-2A
5.400%
11/25/2032
1,650
1,643
5,9
Hertz Vehicle Financing III LLC Series 2026-2A
6.080%
11/25/2032
1,120
1,113
5,9
Hertz Vehicle Financing III LLC Series 2026-2A
6.760%
11/25/2032
940
934
5
Honda Auto Receivables Owner Trust Series 2024-4
4.350%
12/16/2030
242
242
5,9
HPEFS Equipment Trust Series 2024-1A
5.330%
5/20/2031
230
230
5,9
HPEFS Equipment Trust Series 2024-1A
5.820%
11/20/2031
381
383
5,9
HPEFS Equipment Trust Series 2024-2A
5.350%
10/20/2031
165
166
5,9
HPEFS Equipment Trust Series 2024-2A
5.520%
10/20/2031
517
520
5,9
HPEFS Equipment Trust Series 2024-2A
5.820%
4/20/2032
269
271
5,9
HPEFS Equipment Trust Series 2025-1A
4.790%
9/20/2032
910
908
5,9
HPEFS Equipment Trust Series 2025-1A
4.990%
3/21/2033
1,590
1,581
5,9
HPEFS Equipment Trust Series 2025-2A
4.410%
11/22/2032
420
416
5,9
HPEFS Equipment Trust Series 2025-2A
4.770%
5/20/2033
610
602
5,9
Hundred Acre Wood Trust Series 2021-INV3
2.500%
12/25/2051
930
750
5,9
Huntington Bank Auto Credit-Linked Notes Series 2024-1
6.153%
5/20/2032
198
200
5,9
Huntington Bank Auto Credit-Linked Notes Series 2024-2
5.442%
10/20/2032
273
274
5,9
Huntington Bank Auto Credit-Linked Notes Series 2025-2
4.835%
9/20/2033
3,578
3,563
5,9
Huntington Bank Auto Credit-Linked Notes Series 2026-1
4.503%
2/20/2034
2,014
1,991
5,9
Hyundai Auto Lease Securitization Trust Series 2025-B
4.940%
8/15/2029
1,290
1,295
5
Hyundai Auto Receivables Trust Series 2024-A
5.270%
7/15/2031
320
323
5
Hyundai Auto Receivables Trust Series 2024-B
5.040%
9/16/2030
315
317
5
Hyundai Auto Receivables Trust Series 2024-B
5.290%
10/15/2031
604
610
5
Hyundai Auto Receivables Trust Series 2024-C
4.670%
1/15/2031
119
119
5
Hyundai Auto Receivables Trust Series 2024-C
4.860%
2/17/2032
329
329
5
Hyundai Auto Receivables Trust Series 2025-A
4.610%
4/15/2031
209
208
5
Hyundai Auto Receivables Trust Series 2025-A
4.760%
6/15/2032
597
596
5
Hyundai Auto Receivables Trust Series 2025-B
4.920%
7/15/2032
890
889
5
Hyundai Auto Receivables Trust Series 2025-C
4.370%
1/18/2033
1,340
1,316
5
Hyundai Auto Receivables Trust Series 2026-B
5.010%
10/17/2033
1,590
1,586
5,9
INT Commercial Mortgage Trust Series 2025-PLAZA
4.879%
11/5/2037
1,100
1,087
5,9
Jersey Mike's Funding Series 2025-1A
5.610%
8/16/2055
5,895
5,886
5,9
Jersey Mike's Funding LLC Series 2026-1A
4.952%
2/15/2056
2,404
2,351
5,9
JP Morgan Chase Commercial Mortgage Securities Trust Series 2010-C2
5.582%
11/15/2043
25
24
5,9
JP Morgan Mortgage Trust Series 2021-INV4
3.000%
1/25/2052
8,552
7,195
5,9
JP Morgan Mortgage Trust Series 2021-INV6
2.500%
4/25/2052
2,131
1,718
5,9
JP Morgan Mortgage Trust Series 2021-INV6
3.000%
4/25/2052
8,459
7,127
5,9
JP Morgan Mortgage Trust Series 2026-HYB2
5.500%
11/25/2056
7,100
7,108
5
JPMCC Commercial Mortgage Securities Trust Series 2017-JP5
3.723%
3/15/2050
304
301
5
JPMCC Commercial Mortgage Securities Trust Series 2017-JP6
3.224%
7/15/2050
307
304
5
JPMDB Commercial Mortgage Securities Trust Series 2017-C7
3.409%
10/15/2050
289
285
5,9
LAD Auto Receivables Trust Series 2024-2A
5.500%
7/16/2029
155
156
5,9
LAD Auto Receivables Trust Series 2024-2A
5.660%
10/15/2029
91
92
5,9
LAD Auto Receivables Trust Series 2024-2A
6.370%
10/15/2031
76
77
5,9
LAD Auto Receivables Trust Series 2024-3A
4.740%
1/15/2030
266
266
5,9
LAD Auto Receivables Trust Series 2024-3A
4.930%
3/15/2030
216
216
5,9
LAD Auto Receivables Trust Series 2024-3A
5.180%
2/17/2032
148
148
5,9
LAD Auto Receivables Trust Series 2025-1A
5.110%
7/15/2030
269
270
5,9
LAD Auto Receivables Trust Series 2025-1A
5.520%
5/17/2032
564
567
5,9
LAD Auto Receivables Trust Series 2025-2A
4.700%
8/16/2032
530
526
5,9
LAD Auto Receivables Trust Series 2025-2A
5.010%
12/15/2032
510
505
5,9
LAD Auto Receivables Trust Series 2025-3A
4.600%
3/15/2033
710
698
5,9
LAD Auto Receivables Trust Series 2026-1A
4.420%
8/15/2033
820
802

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
LAD Auto Receivables Trust Series 2026-2A
4.940%
10/17/2033
470
465
5,9
LAD Select Auto Receivables Trust Series 2026-A
5.250%
11/15/2032
620
620
5,9
LAD Select Auto Receivables Trust Series 2026-A
5.600%
11/15/2032
260
260
5,9
LBTY Commercial Mortgage Trust Series 2026-225L
4.593%
2/10/2043
3,120
3,039
5,8,9
Lighthouse Park CLO Ltd. Series 2025-1A, TSFR3M + 1.110%
4.885%
10/24/2037
1,120
1,119
5,8,9
Lighthouse Park CLO Ltd. Series 2025-1A, TSFR3M + 1.450%
5.225%
10/24/2037
2,950
2,953
5,9
Lohrasp Enterprise II LLC Series 2026-1A
5.512%
7/17/2056
2,050
2,046
5,9
Lyra Music Assets Delaware LP Series 2025-1A
5.604%
9/20/2065
2,917
2,927
5,9
M&T Bank RV Trust Series 2026-1A
4.350%
1/15/2046
1,864
1,823
5,9
Manhattan West Mortgage Trust Series 2026-2MW
5.321%
6/10/2048
5,590
5,517
5
MASTR Adjustable Rate Mortgages Trust Series 2004-3
5.716%
4/25/2034
1
1
5,9
Mello Mortgage Capital Acceptance Series 2022-INV1
2.500%
3/25/2052
979
788
5,8
Merrill Lynch Mortgage Investors Trust Series 2003-A2, TSFR6M +
1.928%
5.766%
2/25/2033
6
6
5
Merrill Lynch Mortgage Investors Trust Series 2003-A4
6.000%
7/25/2033
2
2
5
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C10
3.949%
7/15/2046
171
158
5
Morgan Stanley Bank of America Merrill Lynch Trust Series 2017-C34
3.536%
11/15/2052
126
124
5
Morgan Stanley Bank of America Merrill Lynch Trust Series 2025-C35
5.633%
8/15/2058
1,180
1,203
5
Morgan Stanley Bank of America Merrill Lynch Trust Series 2025-C35
5.970%
8/15/2058
2,500
2,546
5
Morgan Stanley Capital I Series 2017-HR2
3.509%
12/15/2050
73
72
5,9
Morgan Stanley Capital I Trust Series 2014-150E
3.912%
9/9/2032
404
382
5
Morgan Stanley Capital I Trust Series 2018-L1
4.407%
10/15/2051
290
286
5
Morgan Stanley Capital I Trust Series 2018-L1
4.637%
10/15/2051
1,921
1,884
5
Morgan Stanley Capital I Trust Series 2019-L3
3.127%
11/15/2052
176
166
5
Morgan Stanley Mortgage Loan Trust Series 2006-8AR
5.493%
6/25/2036
42
41
5,9
Morgan Stanley Residential Mortgage Loan Trust Series 2024-INV3
6.500%
6/25/2054
1,144
1,167
5,8,9
Morgan Stanley Residential Mortgage Loan Trust Series 2026-INV1,
SOFR30A + 1.150%
4.766%
2/25/2061
9,871
9,796
5,9
MSBAM Commercial Mortgage Securities Trust Series 2012-CKSV
3.277%
10/15/2030
614
593
5,9
Navient Education Loan Trust Series 2025-A
5.020%
7/15/2055
1,566
1,560
5,9
Navient Education Loan Trust Series 2026-A
4.860%
9/15/2056
834
823
5,9
Navient Refinance Loan Trust Series 2025-C
4.800%
10/15/2055
1,227
1,215
5,9
Navient Refinance Loan Trust Series 2026-A
4.500%
1/18/2056
1,116
1,093
5,9
Navient Refinance Loan Trust Series 2026-B
5.070%
6/15/2056
2,330
2,317
5,9
Nelnet Student Loan Trust Series 2025-DA
4.650%
8/20/2054
1,166
1,138
5,9
Nelnet Student Loan Trust Series 2025-DA
4.860%
8/20/2054
1,490
1,469
5,9
Nelnet Student Loan Trust Series 2026-A
4.780%
2/21/2061
4,740
4,665
5,8,9
Nelnet Student Loan Trust Series 2026-A, SOFR30A + 1.300%
4.921%
2/21/2061
2,596
2,596
5
Nissan Auto Lease Trust Series 2025-A
5.030%
2/15/2029
212
213
5
Nissan Auto Lease Trust Series 2025-B
4.810%
11/15/2029
570
569
5
Nissan Auto Lease Trust Series 2026-B
5.080%
10/15/2030
600
600
5
Nissan Auto Receivables Owner Trust Series 2024-B
4.350%
9/15/2031
256
255
5,9
NYC Commercial Mortgage Trust Series 2025-28L
4.668%
11/5/2038
860
851
5,9
NYC Trust Series 2026-9W57
4.890%
6/6/2040
3,810
3,755
5,9
OBX Trust Series 2022-INV1
3.000%
12/25/2051
927
778
5,9
OBX Trust Series 2023-INV1
3.000%
1/25/2052
13,459
11,264
5,9
OBX Trust Series 2026-INV1
5.500%
2/25/2056
8,027
7,913
5,8,9
OBX Trust Series 2026-INV2, SOFR30A + 1.750%
5.366%
4/25/2056
21,246
21,212
5,8,9
OBX Trust Series 2026-INV4, SOFR30A + 1.700%
5.316%
5/25/2056
42,417
42,489
5,8,9
OCP Aegis CLO Ltd. Series 2024-39A, TSFR3M + 1.090%
4.883%
4/16/2038
850
849
5,8,9
OCP Aegis CLO Ltd. Series 2024-39A, TSFR3M + 1.400%
5.193%
4/16/2038
1,190
1,192
5,8,9
OCP CLO Ltd. Series 2023-30A, TSFR3M + 1.210%
4.963%
1/24/2039
1,380
1,380
5,8,9
OCP CLO Ltd. Series 2023-30A, TSFR3M + 1.550%
5.303%
1/24/2039
850
849
5,8,9
Octagon 57 Ltd. Series 2021-1A, TSFR3M + 1.070%
4.823%
10/15/2034
1,130
1,130
5,8,9
Octagon 57 Ltd. Series 2021-1A, TSFR3M + 1.450%
5.203%
10/15/2034
1,500
1,501
5,9
OneMain Financial Issuance Trust Series 2025-1A
4.820%
7/14/2038
7,230
7,207
5,9
OneMain Financial Issuance Trust Series 2025-1A
5.050%
7/14/2038
800
796
5,9
OneMain Financial Issuance Trust Series 2026-1A
4.980%
7/14/2039
2,890
2,887
5,9
OneMain Financial Issuance Trust Series 2026-1A
5.200%
7/14/2039
390
388
5,9
OneMain Financial Issuance Trust Series 2026-1A
5.400%
7/14/2039
850
847
5,9
Palmer Square CLO Ltd. Series 2026-2A
4.928%
7/20/2039
2,170
2,169
5,9
PenFed Auto Receivables Owner Trust Series 2025-A
4.670%
2/17/2032
210
207
5,9
PenFed Auto Receivables Owner Trust Series 2025-A
5.070%
10/17/2033
210
206
5,9
PenFed Auto Receivables Owner Trust Series 2026-A
5.170%
9/15/2032
310
309
5,9
PenFed Auto Receivables Owner Trust Series 2026-A
5.660%
7/17/2034
100
100
5,9
PFS Financing Corp. Series 2025-D
4.470%
5/15/2030
7,600
7,582
5,9
PFS Financing Corp. Series 2025-F
4.400%
8/15/2030
3,240
3,223
5,9
PFS Financing Corp. Series 2025-F
4.670%
8/15/2030
1,050
1,042
5,9
PMT Loan Trust Series 2025-CNF2
5.500%
1/25/2057
21,911
21,524
5,9
PMT Loan Trust Series 2025-INV1
6.000%
1/25/2060
1,392
1,398

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
PMT Loan Trust Series 2025-INV2
5.500%
2/25/2056
1,349
1,343
5,9
PMT Loan Trust Series 2025-INV3
5.500%
3/25/2056
35,938
35,405
5,9
PMT Loan Trust Series 2025-INV3
5.500%
3/25/2056
14,954
14,883
5,9
PMT Loan Trust Series 2025-INV4
5.500%
3/25/2056
32,602
32,162
5,9
PMT Loan Trust Series 2025-INV4
5.500%
3/25/2056
15,816
15,740
5,9
PMT Loan Trust Series 2025-INV9
5.500%
9/1/2056
5,177
5,108
5,9
PMT Loan Trust Series 2025-INV9
5.500%
9/1/2056
6,337
6,312
5,8,9
PMT Loan Trust Series 2025-INV10, SOFR30A + 1.350%
4.966%
10/1/2056
3,369
3,369
5,8,9
PMT Loan Trust Series 2025-INV11, SOFR30A + 1.350%
4.966%
11/25/2056
17,770
17,774
5,8,9
PMT Loan Trust Series 2025-INV12, SOFR30A + 1.300%
4.916%
12/25/2056
33,313
33,294
5,9
PMT Loan Trust Series 2026-CNF1
5.000%
1/25/2057
17,201
16,497
5,8,9
PMT Loan Trust Series 2026-CNF1, SOFR30A + 1.200%
4.816%
1/25/2057
8,059
8,041
5,9
PMT Loan Trust Series 2026-CNF5
5.000%
6/25/2057
19,273
18,485
5,9
PMT Loan Trust Series 2026-INV1
5.500%
1/25/2057
9,200
9,076
5,8,9
PMT Loan Trust Series 2026-INV1, SOFR30A + 1.300%
4.916%
1/25/2057
9,200
9,169
5,9
PMT Loan Trust Series 2026-INV2
5.500%
1/25/2057
11,538
11,342
5,9
PMT Loan Trust Series 2026-INV4
6.000%
3/25/2057
5,480
5,534
5,8,9
PMT Loan Trust Series 2026-INV4, SOFR30A + 1.450%
5.066%
3/25/2057
5,192
5,191
5,9
PMT Loan Trust Series 2026-INV5
5.500%
5/25/2057
13,415
13,212
5,8,9
PMT Loan Trust Series 2026-INV5, SOFR30A + 1.500%
5.116%
5/25/2057
4,015
4,013
5,9
PMT Loan Trust Series 2026-INV6
5.500%
6/25/2057
4,846
4,782
5,8,9
PMT Loan Trust Series 2026-J1, SOFR30A + 1.150%
4.766%
1/25/2057
5,557
5,521
5,8,9
PMT Loan Trust Series 2026-J3, SOFR30A + 1.800%
5.416%
6/25/2057
25,254
25,279
5,9
Progress Residential Trust Series 2022-SFR3
3.200%
4/17/2039
177
175
5,9
Progress Residential Trust Series 2022-SFR5
4.451%
6/17/2039
145
144
5,9
Progress Residential Trust Series 2022-SFR5
4.896%
6/17/2039
145
144
5,9
Progress Residential Trust Series 2024-SFR1
3.350%
2/17/2041
403
386
5,9
Progress Residential Trust Series 2024-SFR2
3.300%
4/17/2041
377
360
5,9
Progress Residential Trust Series 2024-SFR3
3.000%
6/17/2041
564
534
5,9
Progress Residential Trust Series 2024-SFR4
3.100%
7/17/2041
1,013
958
5,9
Progress Residential Trust Series 2024-SFR5
3.000%
8/17/2041
1,102
1,035
5,9
Progress Residential Trust Series 2025-SFR1
3.400%
2/17/2042
1,028
970
5,9
Progress Residential Trust Series 2025-SFR1
3.650%
2/17/2042
194
182
5,9
Progress Residential Trust Series 2025-SFR2
3.305%
4/17/2042
2,949
2,766
5,9
Progress Residential Trust Series 2025-SFR3
3.390%
7/17/2042
2,270
2,126
5,9
Progress Residential Trust Series 2025-SFR3
3.390%
7/17/2042
920
848
5,9
Progress Residential Trust Series 2025-SFR6
4.000%
12/17/2042
4,090
3,903
5,9
Progress Residential Trust Series 2025-SFR6
4.000%
12/17/2042
980
922
5,9
Progress Residential Trust Series 2026-SFR2
4.240%
5/17/2043
2,020
1,929
5,9
Progress Residential Trust Series 2026-SFR2
4.320%
5/17/2043
1,190
1,126
5,9
Progress Residential Trust Series 2026-SFR3
4.000%
7/17/2043
1,350
1,273
5,9
Progress Residential Trust Series 2026-SFR3
4.200%
7/17/2043
630
590
5,9
QTS Issuer ABS II LLC Series 2025-1A
5.044%
10/5/2055
180
174
5,9
QTS Issuer ABS II LLC Series 2026-1A
5.364%
1/5/2056
4,910
4,793
5,9
QTS Issuer ABS II LLC Series 2026-4A
5.704%
3/5/2056
3,000
2,955
5,9
QTS Issuer ABS II LLC Series 2026-6A
5.340%
7/5/2056
1,160
1,147
5,9
RATE Mortgage Trust Series 2026-J2
5.000%
7/25/2056
21,011
20,153
5,9
RCKT Trust Series 2025-1A
4.990%
7/25/2034
160
160
5,9
RCKTL Trust Series 2025-2A
4.600%
11/27/2034
280
279
5,8,9
Red Oak Funding Master Trust Series 2025-1A, SOFR30A + 2.000%
5.621%
12/20/2030
770
775
5,9
Retained Vantage Data Centers Issuer LLC Series 2025-1A
5.091%
8/15/2050
2,440
2,371
5
RFMSI Trust Series 2006-SA2
5.413%
8/25/2036
231
151
5
RFMSI Trust Series 2006-SA3
6.085%
9/25/2036
90
47
5,9
RKTL Trust Series 2026-1A
4.330%
2/26/2035
380
376
5,9
Robinhood Credit Card Trust Series 2026-1A
4.800%
7/21/2031
3,290
3,283
5,9
Robinhood Credit Card Trust Series 2026-1A
4.990%
7/21/2031
700
697
5,9
Robinhood Credit Card Trust Series 2026-1A
5.310%
7/21/2031
460
458
5,9
Robinhood Credit Card Trust Series 2026-1A
5.650%
7/21/2031
240
239
5,9
Rowe CLO Ltd. Series 2026-1A
4.911%
4/20/2039
2,040
2,042
5,9
Rowe CLO Ltd. Series 2026-1A
5.231%
4/20/2039
1,650
1,648
5,8,9
RR 41 Ltd. Series 2025-41A, TSFR3M + 1.250%
5.003%
10/15/2040
890
891
5,8,9
RR 44 Ltd. Series 2026-44A, TSFR3M + 1.170%
4.923%
4/15/2041
3,300
3,298
5,8,9
RR 44 Ltd. Series 2026-44A, TSFR3M + 1.400%
5.153%
4/15/2041
1,660
1,663
5,9
Sabey Data Center Issuer LLC Series 2026-1
5.482%
1/20/2051
3,140
3,082
5,9
Santander Bank Auto Credit-Linked Notes Series 2023-B
6.663%
12/15/2033
140
141
5,9
Santander Bank Auto Credit-Linked Notes Series 2025-A
5.151%
1/16/2034
570
568
5,9
Santander Bank Auto Credit-Linked Notes Series 2026-A
4.953%
7/17/2034
250
249
5,9
Santander Bank Auto Credit-Linked Notes Series 2026-A
5.247%
7/17/2034
250
249
5
Santander Drive Auto Receivables Trust Series 2023-1
5.090%
5/15/2030
59
59
5
Santander Drive Auto Receivables Trust Series 2023-6
6.400%
3/17/2031
338
345

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5
Santander Drive Auto Receivables Trust Series 2024-1
5.450%
3/15/2030
223
224
5
Santander Drive Auto Receivables Trust Series 2024-2
5.840%
6/17/2030
432
437
5
Santander Drive Auto Receivables Trust Series 2024-2
6.280%
8/15/2031
469
478
5
Santander Drive Auto Receivables Trust Series 2024-3
5.640%
8/15/2030
1,231
1,245
5
Santander Drive Auto Receivables Trust Series 2024-3
5.970%
10/15/2031
1,304
1,321
5
Santander Drive Auto Receivables Trust Series 2024-5
5.140%
2/17/2032
2,457
2,459
5
Santander Drive Auto Receivables Trust Series 2025-1
5.430%
3/17/2031
430
433
5
Santander Drive Auto Receivables Trust Series 2025-2
5.470%
5/15/2031
17,750
17,896
5
Santander Drive Auto Receivables Trust Series 2025-3
5.110%
9/15/2031
5,120
5,115
5,9
SBNA Auto Receivables Trust Series 2024-A
5.590%
1/15/2030
281
283
5,9
SBNA Auto Receivables Trust Series 2024-A
6.040%
4/15/2030
275
278
5,9
SBNA Auto Receivables Trust Series 2025-SF1
5.340%
9/15/2031
380
380
5,9
SCCU Auto Receivables Trust Series 2023-1A
5.700%
8/15/2029
59
60
5,9
SCCU Auto Receivables Trust Series 2024-1A
5.160%
5/15/2030
179
180
5,9
SCCU Auto Receivables Trust Series 2025-1A
4.680%
9/15/2031
340
340
5,9
Securitized Term Auto Receivables Trust Series 2025-A
5.038%
7/25/2031
73
73
5,9
Securitized Term Auto Receivables Trust Series 2025-A
5.185%
7/25/2031
29
29
5,9
Securitized Term Auto Receivables Trust Series 2025-B
5.121%
12/29/2032
158
159
5,9
Securitized Term Auto Receivables Trust Series 2025-B
5.463%
12/29/2032
118
119
5,9
Securitized Term Auto Receivables Trust Series 2026-A
4.431%
3/25/2033
353
351
5,9
Securitized Term Auto Receivables Trust Series 2026-A
4.873%
3/25/2033
393
391
5,9
Sequoia Mortgage Trust Series 2025-S2
4.000%
11/25/2055
30,870
27,726
5,9
Sequoia Mortgage Trust Series 2026-7
5.000%
6/25/2056
3,245
3,112
5,8,9
Sequoia Mortgage Trust Series 2026-7, SOFR30A + 1.700%
5.316%
6/25/2056
16,913
16,540
5,9
Sequoia Mortgage Trust Series 2026-HYB2
4.629%
7/25/2056
14,776
14,521
5,9
SFS Auto Receivables Securitization Trust Series 2024-1A
5.380%
1/21/2031
195
197
5,9
SFS Auto Receivables Securitization Trust Series 2024-1A
5.510%
1/20/2032
274
277
5,9
SFS Auto Receivables Securitization Trust Series 2024-2A
5.410%
8/20/2030
249
252
5,9
SFS Auto Receivables Securitization Trust Series 2024-2A
5.540%
2/20/2032
281
285
5,9
SFS Auto Receivables Securitization Trust Series 2024-3A
4.760%
11/20/2031
336
336
5,9
SFS Auto Receivables Securitization Trust Series 2024-3A
4.980%
10/20/2032
533
534
5,9
SFS Auto Receivables Securitization Trust Series 2025-1A
5.110%
2/20/2031
84
85
5,9
SFS Auto Receivables Securitization Trust Series 2025-1A
5.200%
10/20/2032
497
500
5,9
SFS Auto Receivables Securitization Trust Series 2025-2A
4.850%
7/21/2031
470
470
5,9
SFS Auto Receivables Securitization Trust Series 2025-2A
5.050%
4/20/2033
1,940
1,941
5,9
SFS Auto Receivables Securitization Trust Series 2025-3A
4.640%
11/21/2033
1,720
1,698
5,9
SFS Auto Receivables Securitization Trust Series 2026-1A
4.460%
11/21/2033
4,140
4,050
5,9
SFS Auto Receivables Securitization Trust Series 2026-2A
4.990%
7/20/2034
730
725
5,9
SMB Private Education Loan Trust Series 2018-B
3.600%
1/15/2037
53
52
5,9
SMB Private Education Loan Trust Series 2018-C
3.630%
11/15/2035
77
77
5,9
SMB Private Education Loan Trust Series 2026-A
4.680%
12/15/2053
1,751
1,703
5,9
SoFi Consumer Loan Program Series 2026-3
4.850%
6/25/2035
460
459
5,9
SoFi Consumer Loan Program Series 2026-3
5.090%
6/25/2035
1,510
1,503
5,9
SoFi Consumer Loan Program Trust Series 2025-4
4.910%
8/25/2035
540
536
5,9
SoFi Consumer Loan Program Trust Series 2026-1
4.740%
12/26/2035
960
947
5,9
SoFi Consumer Loan Program Trust Series 2026-2
4.800%
3/25/2036
690
685
5,9
SoFi Consumer Loan Program Trust Series 2026-2
5.020%
3/25/2036
820
811
5,9
Stellantis Financial Underwritten Enhanced Lease Trust Series 2025-AA
5.080%
8/20/2029
1,130
1,134
5,9
Stellantis Financial Underwritten Enhanced Lease Trust Series 2025-BA
4.710%
1/22/2030
810
807
5,9
Stellantis Financial Underwritten Enhanced Lease Trust Series 2026-AA
4.800%
12/20/2030
1,500
1,487
5,9
Stellantis Financial Underwritten Enhanced Lease Trust Series 2026-BA
5.040%
3/20/2031
1,260
1,254
5,9
Subway Funding LLC Series 2024-1A
6.028%
7/30/2054
2,258
2,262
5,9
Switch ABS Issuer LLC Series 2025-2A
5.121%
10/25/2055
2,160
2,114
5,9
Taco Bell Funding LLC Series 2025-1A
4.821%
8/25/2055
5,000
4,898
5,9
Tesla Electric Vehicle Trust Series 2023-1
5.380%
2/20/2029
244
246
5,9
Tesla Electric Vehicle Trust Series 2023-1
5.820%
5/20/2031
243
245
5,9
Tesla Lease Electric Vehicle Securitization LLC Series 2025-A
4.790%
6/20/2029
670
669
5,9
Tesla Lease Electric Vehicle Securitization LLC Series 2025-A
5.090%
6/20/2029
1,050
1,047
5,9
Tesla Sustainable Energy Business Trust Series 2026-1A
5.310%
5/20/2052
1,289
1,281
5,9
TIF Funding III LLC Series 2024-2A
5.540%
7/20/2049
1,091
1,088
5,9
TMSQ Mortgage Trust Series 2014-1500
3.680%
10/10/2036
1,117
1,038
5,9
Toyota Auto Loan Extended Note Trust Series 2024-1A
5.160%
11/25/2036
929
942
5
Toyota Auto Receivables Owner Trust Series 2024-D
4.430%
4/15/2030
245
245
5,9
Trafigura Securitisation Finance plc Series 2024-1A
5.980%
11/15/2027
1,136
1,142
5,9
Trafigura Securitisation Finance plc Series 2026-1A
5.120%
12/15/2029
2,810
2,791
5,9
Tricon Residential Trust Series 2024-SFR4
4.300%
11/17/2041
703
684
5,9
Tricon Residential Trust Series 2024-SFR4
4.650%
11/17/2041
293
284
5,9
Trinity Rail Leasing LLC Series 2024-1A
5.780%
5/19/2054
757
750
5,9
Trinity Rail Leasing LLC Series 2025-1A
5.090%
10/19/2055
947
930
5,9
Truist Bank Auto Credit-Linked Notes Series 2025-1
4.728%
9/26/2033
1,895
1,888

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
Truist Bank Auto Credit-Linked Notes Series 2026-1
5.067%
6/26/2034
5,985
5,965
5
UBS Commercial Mortgage Trust Series 2017-C7
3.679%
12/15/2050
346
340
5,9
US Bank C&I Credit-Linked Notes Series 2025-SUP2
4.818%
9/25/2032
1,838
1,812
5,9
US Bank NA Series 2026-RVM1
4.959%
12/25/2046
4,369
4,294
5,9
US Bank NA Series 2026-RVM1
5.595%
12/25/2046
812
800
5,9
US Bank NA Series 2026-SUP1
5.500%
6/27/2033
2,452
2,445
5,9
Vantage Data Centers Issuer LLC Series 2025-2A
5.239%
11/15/2055
5,500
5,300
5,9
Vantage Data Centers LLC Series 2025-1A
5.132%
8/15/2055
5,370
5,235
5,9
VB-S1 Issuer LLC Series 2026-1A
4.693%
3/15/2056
2,130
2,064
5,9
Verizon Master Trust Series 2023-6
4.860%
9/22/2031
1,680
1,680
5,9
Verizon Master Trust Series 2023-6
5.050%
9/22/2031
2,100
2,099
5,9
Verizon Master Trust Series 2024-2
5.080%
12/22/2031
479
480
5,9
Verizon Master Trust Series 2024-2
5.320%
12/22/2031
594
596
5,9
Verizon Master Trust Series 2024-5
5.250%
6/21/2032
1,048
1,057
5,9
Verizon Master Trust Series 2024-7
4.840%
8/20/2032
317
314
5
Verizon Master Trust Series 2024-8
4.990%
11/20/2030
272
272
5
Verizon Master Trust Series 2025-1
5.090%
1/21/2031
72
72
5
Verizon Master Trust Series 2025-3
4.900%
3/20/2030
1,150
1,151
5,9
Verizon Master Trust Series 2025-4
5.020%
3/21/2033
1,860
1,857
5,9
Verizon Master Trust Series 2025-4
5.200%
3/21/2033
1,600
1,597
5
Verizon Master Trust Series 2025-5
4.840%
6/20/2031
290
289
5,9
Verizon Master Trust Series 2025-6
4.850%
6/21/2033
410
407
5,9
Verizon Master Trust Series 2025-6
5.060%
6/21/2033
220
219
5,9
Verizon Master Trust Series 2025-8
4.600%
8/22/2033
240
234
5
Verizon Master Trust Series 2026-2
4.850%
6/21/2032
550
547
5,8,9
Voya CLO Ltd. Series 2022-3A, TSFR3M + 1.130%
4.859%
10/20/2036
1,640
1,639
5,9
Voya CLO Ltd. Series 2024-2A
4.972%
7/20/2039
3,320
3,320
5,9
Voya CLO Ltd. Series 2026-2A
4.951%
7/15/2039
2,730
2,730
5,9
Voya CLO Ltd. Series 2026-2A
5.251%
7/15/2039
810
812
5
WaMu Mortgage Pass-Through Certificates Trust Series 2002-AR18
5.762%
1/25/2033
2
2
5
WaMu Mortgage Pass-Through Certificates Trust Series 2003-AR7
5.425%
8/25/2033
6
6
5
WaMu Mortgage Pass-Through Certificates Trust Series 2003-AR9
5.265%
9/25/2033
10
10
5,8,9
Wellington Management CLO 1 Ltd. Series 2023-1A, TSFR3M + 1.230%
4.959%
10/20/2038
590
590
5,8,9
Wellington Management CLO 1 Ltd. Series 2023-1A, TSFR3M + 1.550%
5.279%
10/20/2038
690
691
5
Wells Fargo Commercial Mortgage Trust Series 2014-LC16
4.458%
8/15/2050
239
160
5
Wells Fargo Commercial Mortgage Trust Series 2015-LC22
4.715%
9/15/2058
14
13
5
Wells Fargo Commercial Mortgage Trust Series 2017-C39
3.157%
9/15/2050
280
276
5
Wells Fargo Commercial Mortgage Trust Series 2017-C40
3.317%
10/15/2050
336
332
5
Wells Fargo Commercial Mortgage Trust Series 2017-C40
3.581%
10/15/2050
127
125
5
Wells Fargo Commercial Mortgage Trust Series 2017-RC1
3.631%
1/15/2060
126
125
5
Wells Fargo Commercial Mortgage Trust Series 2018-C43
4.514%
3/15/2051
177
167
5
Wells Fargo Commercial Mortgage Trust Series 2018-C45
4.184%
6/15/2051
276
272
5
Wells Fargo Commercial Mortgage Trust Series 2018-C46
4.152%
8/15/2051
175
172
5
Wells Fargo Commercial Mortgage Trust Series 2018-C47
4.442%
9/15/2061
843
833
5
Wells Fargo Commercial Mortgage Trust Series 2018-C48
4.302%
1/15/2052
83
82
5
Wells Fargo Commercial Mortgage Trust Series 2025-C65
5.292%
10/15/2058
1,940
1,929
5,9
Wells Fargo Commercial Mortgage Trust Series 2026-1250B
4.677%
3/10/2041
1,960
1,928
5
Wells Fargo Commercial Mortgage Trust Series 2026-C66
5.649%
4/15/2059
5,220
5,321
5
Wells Fargo Mortgage Backed Securities Trust Series 2006-AR14
6.486%
10/25/2036
62
58
5,9
Wells Fargo Mortgage Backed Securities Trust Series 2021-INV2
2.500%
9/25/2051
1,047
840
5,9
Wells Fargo Mortgage Backed Securities Trust Series 2022-2
2.500%
12/25/2051
5,400
3,476
5,9
Wells Fargo Mortgage Backed Securities Trust Series 2022-2
3.000%
12/25/2051
1,300
898
5,9
Wendy's Funding LLC Series 2018-1A
3.884%
3/15/2048
2,442
2,389
5,9
Wendy's Funding LLC Series 2019-1A
4.080%
6/15/2049
256
246
5,9
Westlake Automobile Receivables Trust Series 2026-1A
4.370%
6/16/2031
3,110
3,079
5,9
Westlake Automobile Receivables Trust Series 2026-1A
4.750%
7/15/2031
1,740
1,716
5,9
Westlake Automobile Receivables Trust Series 2026-2A
4.890%
3/15/2032
1,830
1,828
5,9
Westlake Automobile Receivables Trust Series 2026-P2
5.010%
11/17/2031
170
169
5,9
Westlake Automobile Receivables Trust Series 2026-P2
5.350%
9/15/2033
180
179
5,9
Westlake Flooring Master Trust Series 2025-1A
4.840%
10/15/2029
670
666
5,9
WFLD Mortgage Trust Series 2014-MONT
3.755%
8/10/2031
1,437
1,408
5
WFRBS Commercial Mortgage Trust Series 2014-C20
4.378%
5/15/2047
270
241
5
WFRBS Commercial Mortgage Trust Series 2014-C20
4.513%
5/15/2047
229
101
5
Wolrd Omni Select Auto Trust Series 2026-A
5.070%
1/17/2034
1,950
1,942
5
World Omni Auto Receivables Trust Series 2024-A
5.310%
10/15/2030
240
242
5
World Omni Auto Receivables Trust Series 2025-A
5.080%
11/15/2030
248
250
5
World Omni Auto Receivables Trust Series 2025-A
5.170%
10/15/2031
348
350
5
World Omni Auto Receivables Trust Series 2026-A
4.360%
12/15/2032
1,150
1,128

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,9
Yamaha Motor Master Trust II Series 2026-A
4.890%
4/15/2031
230
227
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $1,297,992)
1,287,290
Corporate Bonds (29.6%)
Communications (2.0%)
 
Airbnb Inc.
4.400%
3/16/2029
2,930
2,903
 
Airbnb Inc.
4.650%
3/16/2031
1,560
1,538
 
Airbnb Inc.
5.250%
3/16/2036
750
731
 
Alphabet Inc.
4.400%
2/15/2033
2,744
2,631
11
Alphabet Inc.
4.800%
5/11/2063
400
439
 
Alphabet Inc.
5.700%
11/15/2075
3,390
3,002
12
Alphabet Inc.
6.125%
2/13/2126
400
484
 
AMC Global Media Inc.
4.250%
2/15/2029
49
43
9
APLD ComputeCo 2 LLC
6.750%
3/15/2031
815
797
 
AT&T Inc.
4.750%
4/30/2033
1,814
1,742
 
AT&T Inc.
3.500%
6/1/2041
2,486
1,831
 
AT&T Inc.
5.550%
11/1/2045
2,080
1,832
 
AT&T Inc.
5.850%
4/30/2046
6,004
5,463
 
AT&T Inc.
6.050%
8/15/2056
10,510
9,516
9
Beacon Point DC LLC
6.129%
11/30/2042
2,964
2,838
9
Beignet Investor LLC
6.581%
5/30/2049
2,961
2,863
9
Black Pearl Compute LLC
6.125%
2/15/2031
595
594
11
Booking Holdings Inc.
3.875%
3/21/2045
500
496
9
Cable One Inc.
4.000%
11/15/2030
383
142
9
CCO Holdings LLC
5.125%
5/1/2027
56
56
9
CCO Holdings LLC
4.750%
3/1/2030
82
77
9
CCO Holdings LLC
4.500%
8/15/2030
1,905
1,739
9
CCO Holdings LLC
4.250%
2/1/2031
94
83
9
CCO Holdings LLC
4.750%
2/1/2032
480
419
 
CCO Holdings LLC
4.500%
5/1/2032
3,550
3,062
9
CCO Holdings LLC
7.000%
2/1/2033
430
412
 
Charter Communications Operating LLC
2.250%
1/15/2029
3,700
3,432
 
Charter Communications Operating LLC
5.050%
3/30/2029
1,585
1,568
 
Charter Communications Operating LLC
6.100%
6/1/2029
790
802
 
Charter Communications Operating LLC
6.484%
10/23/2045
6,893
5,975
 
Charter Communications Operating LLC
5.750%
4/1/2048
10,160
7,980
9
Cipher Compute LLC
7.125%
11/15/2030
505
515
11
Comcast Corp.
3.250%
9/26/2032
100
110
 
Comcast Corp.
3.750%
4/1/2040
2,545
1,955
 
Comcast Corp.
3.400%
7/15/2046
3,755
2,379
 
Comcast Corp.
4.000%
8/15/2047
4,803
3,285
9
Cox Communications Inc.
4.800%
2/1/2035
5,617
4,892
9
CSC Holdings LLC
11.250%
5/15/2028
1,735
1,009
9
CSC Holdings LLC
4.500%
11/15/2031
2,800
1,588
9
Directv Financing LLC
5.875%
8/15/2027
4
4
9
Directv Financing LLC
8.875%
2/1/2030
930
948
9
Directv Financing LLC
10.000%
2/15/2031
915
956
5
Discovery Global Holdings Inc.
4.279%
3/15/2032
920
816
5
Discovery Global Holdings Inc.
5.050%
3/15/2042
640
447
5
Discovery Global Holdings Inc.
5.141%
3/15/2052
442
283
9
EW Scripps Co.
9.875%
8/15/2030
405
353
9
Flash Compute LLC
7.250%
12/31/2030
455
460
9
Gray Media Inc.
5.375%
11/15/2031
410
303
9
HUT 8 DC LLC
6.192%
11/15/2042
4,463
4,332
9
Meridian Arc Holdco LLC
6.250%
4/30/2031
945
908
 
Meta Platforms Inc.
4.875%
11/15/2035
3,100
2,907
 
Meta Platforms Inc.
5.750%
11/15/2065
1,300
1,072
9
Midcontinent Communications
8.000%
8/15/2032
2,245
1,907
 
Netflix Inc.
5.250%
8/15/2036
5,521
5,442
9
Nexstar Media Inc.
6.500%
9/15/2033
1,495
1,488
9
Nexstar Media Inc.
7.250%
4/15/2034
650
652
9,11
OAK-Eagle Acquireco Inc.
6.250%
7/1/2033
1,000
1,204
9
OAK-Eagle Acquireco Inc.
7.250%
7/1/2033
535
555
9
OAK-Eagle Acquireco Inc.
8.750%
7/1/2034
765
805
9
Orange SA
4.750%
1/13/2033
8,363
8,082
 
Paramount Global
3.375%
2/15/2028
6
6
 
Paramount Global
3.700%
6/1/2028
334
325
 
Paramount Global
4.200%
6/1/2029
360
342
 
Paramount Global
5.500%
5/15/2033
1,640
1,431

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Paramount Global
4.375%
3/15/2043
1,450
885
 
Paramount Global
5.850%
9/1/2043
90
64
 
Paramount Global
4.950%
5/19/2050
90
54
9
PR RNO Property Owner 1 LLC
6.500%
5/1/2031
1,825
1,717
9
RD Michigan Property Owner I LLC
7.500%
3/30/2045
5,960
5,757
 
Rogers Communications Inc.
7.000%
4/15/2055
180
181
 
Rogers Communications Inc.
7.125%
4/15/2055
550
552
9
Scripps Escrow II Inc.
3.875%
1/15/2029
128
117
9
Space Exploration Technologies Corp.
5.350%
7/15/2031
11,738
11,428
9
Space Exploration Technologies Corp.
5.650%
7/15/2033
13,699
13,120
 
Sprint Capital Corp.
6.875%
11/15/2028
2
2
9
Stingray Compute LLC
6.000%
6/15/2031
395
386
9
SV RNO Property Owner 1 LLC
5.875%
3/1/2031
920
855
11
Telia Co. AB
2.750%
6/30/2083
800
907
12
Time Warner Cable LLC
5.750%
6/2/2031
2,200
2,910
 
T-Mobile USA Inc.
5.700%
1/15/2056
3,343
2,949
 
Uber Technologies Inc.
4.300%
1/15/2030
2,130
2,090
9
Univision Communications Inc.
7.375%
6/30/2030
19
19
9
Univision Communications Inc.
8.500%
7/31/2031
1,635
1,632
9
Univision Communications Inc.
9.375%
8/1/2032
175
175
9
Univision Communications Inc.
8.875%
4/15/2033
595
576
 
Verizon Communications Inc.
4.750%
1/15/2033
3,401
3,296
 
Verizon Communications Inc.
5.875%
11/30/2055
3,433
3,136
9
Virgin Media O2 Vendor Financing Notes VI DAC
8.500%
3/15/2033
515
331
9
VZ Secured Financing BV
5.000%
1/15/2032
245
201
5,12
WPP Finance 2017
3.750%
5/19/2032
749
898
9
WULF Compute LLC
7.750%
10/15/2030
875
909
 
 
 
 
 
172,398
Consumer Discretionary (1.7%)
9
1011778 BC ULC
3.875%
1/15/2028
114
112
9
1011778 BC ULC
4.375%
1/15/2028
41
40
9
1011778 BC ULC
6.125%
6/15/2029
2,230
2,254
9
1011778 BC ULC
5.625%
9/15/2029
34
34
9
A&K Travel Group Holdings Ltd.
7.500%
5/15/2033
595
592
9
Academy Ltd.
5.875%
5/15/2031
580
574
5,11
Accor SA
3.500%
3/4/2033
1,000
1,102
9
Acushnet Co.
5.625%
12/1/2033
360
353
9
ADT Security Corp.
5.875%
10/15/2033
425
413
 
Advance Auto Parts Inc.
3.900%
4/15/2030
330
309
9
Advance Auto Parts Inc.
7.000%
8/1/2030
695
712
9
Advance Auto Parts Inc.
7.375%
8/1/2033
610
630
9
Air Canada
3.875%
8/15/2026
103
103
 
Amazon.com Inc.
4.550%
3/13/2033
3,760
3,628
13
Amazon.com Inc.
4.350%
6/12/2036
4,809
3,348
 
Amazon.com Inc.
5.650%
3/13/2046
4,360
4,073
 
Amazon.com Inc.
4.050%
8/22/2047
2,960
2,199
9
American Airlines Inc.
5.750%
4/20/2029
389
388
9
American Builders & Contractors Supply Co. Inc.
4.000%
1/15/2028
114
112
9
American Builders & Contractors Supply Co. Inc.
3.875%
11/15/2029
430
408
5
American Honda Finance Corp.
4.400%
9/5/2029
1,642
1,619
 
American Honda Finance Corp.
4.450%
1/8/2031
4,640
4,510
5
American Honda Finance Corp.
5.200%
4/8/2033
1,220
1,202
9
Ameritex Holdco Intermediate LLC
7.625%
8/15/2033
230
237
 
Asbury Automotive Group Inc.
4.500%
3/1/2028
23
23
9,11
Banijay Gaming SAS
5.125%
12/10/2031
425
495
 
Bath & Body Works Inc.
5.250%
2/1/2028
2,100
2,099
9,14
Beach Acquisition Bidco LLC, 10.750% PIK or 10.000% Cash
10.000%
7/15/2033
190
204
9
Belron UK Finance plc
5.750%
10/15/2029
2,000
2,000
5,11
BMW International Investment BV
3.500%
1/22/2033
1,492
1,678
9
Brightstar Lottery plc
5.750%
1/15/2033
500
482
9
Builders FirstSource Inc.
6.750%
5/15/2035
315
312
9
Carnival Corp. Ltd.
5.125%
5/1/2029
1,430
1,419
9
Carnival Corp. Ltd.
5.750%
3/15/2030
400
401
9
Carnival Corp. Ltd.
5.875%
6/15/2031
2,180
2,186
5,11
Carnival UK Ltd.
4.125%
7/15/2031
1,200
1,369
9
Champ Acquisition Corp.
8.375%
12/1/2031
1,922
2,006
9
Churchill Downs Inc.
5.500%
4/1/2027
166
166
9
Churchill Downs Inc.
4.750%
1/15/2028
103
102
9
Churchill Downs Inc.
5.750%
4/1/2030
405
404

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9,11
Cirsa Finance International Sarl
4.625%
7/20/2032
500
574
9
Clarios Global LP
6.750%
2/15/2030
305
313
9,11
Clarios Global LP
4.750%
6/15/2031
300
346
5,11
Clarios Global LP
4.750%
6/15/2031
300
346
9
Clarios Global LP
6.750%
9/15/2032
235
238
9
CompoSecure Holdings LLC
5.625%
2/1/2033
230
221
9
Cyprium Corp.
6.125%
4/15/2031
202
201
9
Flutter Treasury DAC
5.875%
6/4/2031
2,215
2,191
 
Ford Motor Credit Co. LLC
4.125%
8/17/2027
1,359
1,349
 
Ford Motor Credit Co. LLC
3.815%
11/2/2027
288
284
 
Ford Motor Credit Co. LLC
7.350%
11/4/2027
3,001
3,079
 
Ford Motor Credit Co. LLC
5.800%
3/8/2029
733
738
 
Ford Motor Credit Co. LLC
5.113%
5/3/2029
451
446
 
Ford Motor Credit Co. LLC
5.753%
4/6/2033
5,505
5,410
9
Garda World Security Corp.
6.000%
6/1/2029
400
394
9
Garda World Security Corp.
6.500%
1/15/2031
690
698
9
Garda World Security Corp.
8.250%
8/1/2032
205
208
 
General Motors Co.
6.250%
4/15/2035
1,570
1,617
 
General Motors Financial Co. Inc.
2.400%
4/10/2028
1,186
1,141
 
General Motors Financial Co. Inc.
2.400%
10/15/2028
2,446
2,323
 
General Motors Financial Co. Inc.
4.300%
4/6/2029
1,893
1,863
 
General Motors Financial Co. Inc.
4.750%
4/6/2029
5,691
5,668
 
General Motors Financial Co. Inc.
5.350%
1/7/2030
1,976
1,994
 
General Motors Financial Co. Inc.
5.100%
9/15/2031
7,390
7,347
 
General Motors Financial Co. Inc.
5.450%
1/8/2036
1,675
1,635
5
Georgetown University
2.943%
4/1/2050
3,207
1,990
 
Goodyear Tire & Rubber Co.
6.625%
7/15/2030
1,125
1,088
 
Goodyear Tire & Rubber Co.
5.250%
4/30/2031
640
575
 
Goodyear Tire & Rubber Co.
8.875%
7/15/2032
385
395
9
Hilton Domestic Operating Co. Inc.
5.875%
4/1/2029
73
74
9
Hilton Domestic Operating Co. Inc.
4.000%
5/1/2031
650
610
9
Hilton Domestic Operating Co. Inc.
5.500%
9/15/2031
765
758
9
Hilton Domestic Operating Co. Inc.
5.750%
9/15/2033
1,280
1,269
9
Hilton Domestic Operating Co. Inc.
5.500%
3/31/2034
765
749
 
Home Depot Inc.
5.300%
6/25/2054
2,552
2,297
9,11,14
IHO Verwaltungs GmbH, 6.375% PIK or 5.625% Cash
5.625%
5/15/2031
100
120
9,14
IHO Verwaltungs GmbH, 8.125% PIK or 7.375% Cash
7.375%
5/15/2033
270
280
9
JetBlue Airways Corp.
9.875%
9/20/2031
285
248
9
JH North America Holdings Inc.
6.125%
7/31/2032
245
246
9
Light & Wonder International Inc.
6.250%
10/1/2033
625
614
9
Lithia Motors Inc.
4.625%
12/15/2027
121
120
9
Live Nation Entertainment Inc.
6.500%
5/15/2027
315
315
9
Live Nation Entertainment Inc.
3.750%
1/15/2028
1,420
1,390
 
Lowe's Cos. Inc.
4.500%
10/15/2032
13,230
12,778
9
Melco Resorts Finance Ltd.
6.500%
9/24/2033
1,075
1,037
9
Men's Wearhouse LLC
9.000%
2/1/2031
90
96
9
MGM China Holdings Ltd.
7.125%
6/26/2031
275
282
9
MGM China Holdings Ltd.
6.250%
5/15/2033
780
749
9
Miter Brands Acquisition Holdco Inc.
6.750%
4/1/2032
755
744
 
Mohawk Industries Inc.
5.850%
9/18/2028
586
598
9
NCL Corp. Ltd.
7.750%
2/15/2029
400
415
9
NCL Corp. Ltd.
5.875%
1/15/2031
510
488
9
NCL Corp. Ltd.
6.750%
2/1/2032
481
471
 
Newell Brands Inc.
6.375%
9/15/2027
129
130
9
Newell Brands Inc.
8.500%
6/1/2028
1,935
2,020
 
Newell Brands Inc.
6.625%
9/15/2029
18
18
 
Newell Brands Inc.
7.375%
4/1/2036
90
91
 
Newell Brands Inc.
7.500%
4/1/2046
44
41
9
Nissan Motor Acceptance Co. LLC
5.625%
9/29/2028
465
462
9
Nissan Motor Acceptance Co. LLC
5.550%
9/13/2029
510
497
9
Nissan Motor Acceptance Co. LLC
6.125%
9/30/2030
1,380
1,347
9
Nissan Motor Co. Ltd.
7.750%
7/17/2032
560
578
9
Nissan Motor Co. Ltd.
8.125%
7/17/2035
1,125
1,185
9
Pioneer Opco LLC
7.000%
5/15/2033
425
430
5,15
Qantas Airways Ltd.
4.750%
10/12/2026
530
373
5,15
Qantas Airways Ltd.
3.150%
9/27/2028
490
328
9
QXO Building Products Inc.
6.500%
7/15/2031
250
251
9
QXO Building Products Inc.
6.875%
7/15/2034
480
481
9
Raven Acquisition Holdings LLC
6.875%
11/15/2031
49
48
9
Rivers Enterprise Borrower LLC
6.250%
10/15/2030
235
236

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Service Corp. International
4.000%
5/15/2031
875
818
9
Six Flags Entertainment Corp.
8.625%
1/15/2032
300
303
9
Stellantis Finance US Inc.
6.450%
3/18/2035
1,005
978
5,11
Stellantis NV
4.250%
6/16/2031
1,000
1,137
5,11
Stellantis NV
2.750%
4/1/2032
800
833
5,11
Stellantis NV
4.625%
6/6/2035
1,800
1,971
9
Studio City Finance Ltd.
5.000%
1/15/2029
1,090
1,039
 
Thomas Jefferson University
3.847%
11/1/2057
2,133
1,460
 
Toll Brothers Finance Corp.
3.800%
11/1/2029
312
301
5
United Airlines Pass-Through Trust Class A Series 2020-1
5.875%
10/15/2027
52
52
9
Vail Resorts Inc.
5.625%
7/15/2030
935
931
5,11
Volkswagen Bank GmbH
3.625%
10/2/2032
800
897
5,11
Volkswagen Bank GmbH
3.750%
12/10/2032
600
675
9
Volkswagen Group of America Finance LLC
4.450%
9/11/2027
3,060
3,049
5,11
Volkswagen International Finance NV
4.375%
Perpetual
1,700
1,869
9
Wayfair LLC
7.250%
10/31/2029
361
372
9
Wayfair LLC
7.750%
9/15/2030
120
126
9
Wayfair LLC
7.125%
5/31/2034
205
211
 
Whirlpool Corp.
6.125%
6/15/2030
375
341
9
Whirlpool Corp.
7.500%
7/1/2031
290
288
 
Whirlpool Corp.
6.500%
6/15/2033
936
793
9
Whirlpool Corp.
7.875%
7/1/2034
125
118
9
Wyndham Hotels & Resorts Inc.
4.375%
8/15/2028
242
237
9
Wyndham Hotels & Resorts Inc.
5.625%
3/1/2033
450
438
9
Wynn Macau Ltd.
6.750%
2/15/2034
1,510
1,482
9
ZF North America Capital Inc.
7.500%
3/24/2031
1,165
1,171
9
ZF North America Capital Inc.
6.875%
4/23/2032
110
108
 
 
 
 
 
146,232
Consumer Staples (1.4%)
9
Albertsons Cos. Inc.
5.500%
3/31/2031
230
221
9
Albertsons Cos. Inc.
6.250%
3/15/2033
3,348
3,246
9
Albertsons Cos. Inc.
5.750%
3/31/2034
1,265
1,176
 
Altria Group Inc.
3.875%
9/16/2046
4,270
3,044
 
BAT Capital Corp.
4.906%
4/2/2030
490
489
 
BAT Capital Corp.
6.343%
8/2/2030
5,330
5,589
 
BAT Capital Corp.
4.625%
3/22/2033
7,462
7,192
 
BAT Capital Corp.
6.250%
8/15/2055
5,930
5,812
 
BAT International Finance plc
5.931%
2/2/2029
4,482
4,601
5,11
BAT International Finance plc
2.000%
3/13/2045
600
466
9
Cargill Inc.
4.760%
11/23/2045
2,197
1,883
9
Chobani LLC
6.375%
4/15/2034
320
321
9
Energizer Holdings Inc.
4.750%
6/15/2028
161
159
9
Energizer Holdings Inc.
4.375%
3/31/2029
2,340
2,254
9
Energizer Holdings Inc.
6.000%
9/15/2033
405
385
9
Froneri Lux FinCo Sarl
6.000%
8/1/2032
605
590
9
Imperial Brands Finance plc
6.375%
7/1/2055
2,760
2,679
 
JBS NV
5.950%
4/20/2035
7,580
7,671
 
JBS NV
6.375%
2/25/2055
10,735
10,197
9
KeHE Distributors LLC
9.000%
2/15/2029
428
446
9
KeHE Distributors LLC
7.125%
4/30/2033
320
325
 
Kraft Heinz Foods Co.
3.750%
4/1/2030
219
210
 
Kraft Heinz Foods Co.
5.000%
6/4/2042
3,435
2,970
 
Kraft Heinz Foods Co.
4.375%
6/1/2046
268
206
 
Kraft Heinz Foods Co.
5.500%
6/1/2050
3,085
2,698
 
Kroger Co.
5.500%
9/15/2054
8,550
7,668
9
Lamb Weston Holdings Inc.
4.875%
5/15/2028
215
213
9
Lamb Weston Holdings Inc.
4.375%
1/31/2032
400
375
9
Mars Inc.
5.000%
3/1/2032
6,750
6,732
9
Mars Inc.
5.650%
5/1/2045
3,488
3,331
9
Mars Inc.
5.700%
5/1/2055
8,108
7,660
9
Mars Inc.
5.800%
5/1/2065
1,203
1,138
 
Molson Coors Beverage Co.
5.500%
7/8/2036
2,435
2,391
9
Opal Bidco SAS
6.500%
3/31/2032
4,465
4,495
11
PepsiCo Inc.
4.150%
2/11/2047
400
438
9
Performance Food Group Inc.
6.125%
9/15/2032
410
412
9
Performance Food Group Inc.
5.625%
3/1/2034
800
776
 
Philip Morris International Inc.
5.125%
2/15/2030
2,831
2,853
 
Philip Morris International Inc.
4.250%
10/29/2032
2,364
2,263
 
Philip Morris International Inc.
4.625%
10/29/2035
620
585

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Philip Morris International Inc.
4.875%
4/29/2036
9,866
9,449
 
Philip Morris International Inc.
4.125%
3/4/2043
2,227
1,800
9
Post Holdings Inc.
6.375%
3/1/2033
600
591
9
Post Holdings Inc.
6.250%
10/15/2034
635
617
9
Post Holdings Inc.
6.500%
3/15/2036
430
420
 
Sysco Corp.
2.400%
2/15/2030
407
373
 
Sysco Corp.
4.400%
7/25/2031
400
386
 
Tyson Foods Inc.
4.950%
2/20/2036
885
843
9
US Foods Inc.
6.875%
9/15/2028
121
123
9
US Foods Inc.
5.750%
4/15/2033
605
600
 
 
 
 
 
121,362
Energy (2.5%)
5
Abu Dhabi Crude Oil Pipeline LLC
3.650%
11/2/2029
15,760
15,041
9
Antero Midstream Partners LP
5.750%
10/15/2033
675
663
9
Ascent Resources Utica Holdings LLC
6.625%
10/15/2032
1,400
1,409
9
Ascent Resources Utica Holdings LLC
6.625%
7/15/2033
1,280
1,285
 
Baker Hughes Holdings LLC
4.650%
6/15/2033
6,600
6,364
 
Baker Hughes Holdings LLC
5.850%
6/15/2056
3,390
3,204
9
Blue Racer Midstream LLC
7.000%
7/15/2029
384
394
 
BP Capital Markets America Inc.
5.227%
11/17/2034
9,768
9,762
 
BP Capital Markets America Inc.
2.939%
6/4/2051
2,330
1,408
 
BP Capital Markets America Inc.
3.001%
3/17/2052
1,350
821
9
California Resources Corp.
7.000%
1/15/2034
375
367
9
Cheniere Energy Inc.
6.000%
7/30/2056
4,590
4,384
9
Cheniere Energy Partners LP
6.050%
11/30/2056
6,640
6,368
9
Chord Energy Corp.
6.000%
10/1/2030
995
999
9
CNX Resources Corp.
7.250%
3/1/2032
595
611
9
CNX Resources Corp.
5.875%
3/1/2034
605
586
 
ConocoPhillips Co.
4.300%
11/15/2044
465
377
 
ConocoPhillips Co.
3.800%
3/15/2052
8
6
 
ConocoPhillips Co.
5.700%
9/15/2063
3
3
 
ConocoPhillips Co.
5.650%
1/15/2065
2,125
1,945
9
Devon Energy Corp.
5.600%
3/15/2034
3,305
3,332
9
Devon Energy Corp.
5.400%
2/15/2035
1,530
1,510
 
Devon Energy Corp.
5.750%
9/15/2054
5,330
4,910
9
Devon Energy Corp.
5.900%
2/15/2055
4,010
3,748
 
Diamondback Energy Inc.
5.750%
4/18/2054
5,000
4,654
 
Enbridge Inc.
3.125%
11/15/2029
1,269
1,204
 
Enbridge Inc.
4.850%
3/27/2031
4,250
4,209
 
Enbridge Inc.
5.450%
3/27/2036
800
792
 
Energy Transfer LP
4.150%
9/15/2029
3,208
3,139
 
Energy Transfer LP
5.200%
4/1/2030
825
831
 
Energy Transfer LP
6.000%
6/15/2048
5,000
4,670
 
Energy Transfer LP
5.950%
5/15/2054
4,300
3,947
5,11
Eni SpA
4.250%
5/19/2033
1,386
1,629
9
Eni SpA
5.250%
5/18/2036
2,780
2,684
9
Eni SpA
6.000%
5/18/2056
1,720
1,622
 
EOG Resources Inc.
4.950%
4/15/2050
4,621
3,937
 
EQT Corp.
7.500%
6/1/2030
5
5
9
Excelerate Energy LP
8.000%
5/15/2030
320
336
11
Exxon Mobil Corp.
1.408%
6/26/2039
1,200
992
5
Galaxy Pipeline Assets Bidco Ltd.
1.750%
9/30/2027
1,309
1,280
5
Galaxy Pipeline Assets Bidco Ltd.
2.160%
3/31/2034
20,567
18,162
5
Galaxy Pipeline Assets Bidco Ltd.
2.940%
9/30/2040
2,615
2,122
 
Genesis Energy LP
7.875%
5/15/2032
410
423
 
Genesis Energy LP
8.000%
5/15/2033
27
28
 
Genesis Energy LP
6.750%
3/15/2034
500
499
5
Greensaif Pipelines Bidco Sarl
5.853%
2/23/2036
2,130
2,114
9
Harvest Midstream I LP
6.750%
5/15/2034
620
623
 
Hess Corp.
5.800%
4/1/2047
2,000
1,944
9
Hess Midstream Operations LP
6.500%
6/1/2029
107
109
9
Howard Midstream Energy Partners LLC
6.625%
1/15/2034
790
799
9
Howard Midstream Energy Partners LLC
6.625%
1/15/2035
230
230
5
KazMunayGas National Co. JSC
5.375%
4/24/2030
1,298
1,295
9
Kinetik Holdings LP
6.625%
12/15/2028
498
506
7,9
Magnolia Oil & Gas Operating LLC
6.625%
8/15/2034
155
155
 
Marathon Petroleum Corp.
5.150%
3/1/2030
2,410
2,427
9
Matador Resources Co.
6.250%
4/15/2033
15
15
9
Matador Resources Co.
6.000%
4/15/2034
503
486

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
Noble Finance II LLC
6.250%
6/15/2034
795
772
 
Occidental Petroleum Corp.
6.050%
10/1/2054
6,267
6,051
 
ONEOK Inc.
4.350%
3/15/2029
5
5
 
ONEOK Inc.
5.375%
6/1/2029
968
980
5
OQ SAOC
5.125%
5/6/2028
916
910
 
Patterson-UTI Energy Inc.
6.050%
5/15/2036
2,160
2,123
 
Petrobras Global Finance BV
5.999%
1/27/2028
121
122
 
Petrobras Global Finance BV
5.125%
9/10/2030
11,186
10,905
5
Petronas Capital Ltd.
4.950%
1/3/2031
5,164
5,179
5
Petronas Capital Ltd.
5.340%
4/3/2035
6,195
6,219
 
Plains All American Pipeline LP
4.700%
1/15/2031
1,480
1,455
 
Plains All American Pipeline LP
5.600%
1/15/2036
1,230
1,211
5
SA Global Sukuk Ltd.
4.125%
9/17/2030
9,293
8,903
5
SA Global Sukuk Ltd.
2.694%
6/17/2031
2,850
2,534
 
Schlumberger Investment SA
4.800%
5/7/2033
4,980
4,891
9
Seadrill Finance Ltd.
6.750%
7/15/2034
415
399
9
SM Energy Co.
6.750%
8/1/2029
145
147
9
SM Energy Co.
8.750%
7/1/2031
290
303
9
SM Energy Co.
7.000%
8/1/2032
1,005
1,021
9
SM Energy Co.
9.625%
6/15/2033
1,530
1,683
9
SM Energy Co.
6.625%
4/15/2034
1,130
1,123
9
Sunoco LP
5.625%
3/15/2031
525
518
9
Sunoco LP
5.375%
7/15/2031
315
309
9
Sunoco LP
5.625%
7/15/2034
430
416
9
Sunoco LP
7.875%
Perpetual
779
799
9
Tallgrass Energy Partners LP
7.375%
2/15/2029
155
158
9
Tallgrass Energy Partners LP
6.000%
12/31/2030
1,060
1,052
9
Tallgrass Energy Partners LP
6.750%
3/15/2034
1,045
1,051
 
Targa Resources Corp.
6.150%
3/1/2029
847
872
5,11
TotalEnergies Capital International SA
3.852%
3/3/2045
1,500
1,548
 
TotalEnergies Capital SA
5.425%
9/10/2064
2,336
2,078
5,11
TotalEnergies SE
1.625%
Perpetual
243
272
9
Transocean International Ltd.
8.250%
5/15/2029
517
532
9
Transocean International Ltd.
8.750%
2/15/2030
78
81
9
Transocean International Ltd.
8.500%
5/15/2031
1,567
1,635
9
Transocean International Ltd.
7.875%
10/15/2032
360
375
9
Valaris Ltd.
8.375%
4/30/2030
115
119
9
Venture Global LNG Inc.
9.500%
2/1/2029
555
595
9
Venture Global LNG Inc.
8.375%
6/1/2031
770
796
9
Venture Global LNG Inc.
9.875%
2/1/2032
1,205
1,283
9
Venture Global Plaquemines LNG LLC
6.125%
12/15/2030
245
249
9
Venture Global Plaquemines LNG LLC
6.500%
1/15/2034
1,550
1,600
9
Venture Global Plaquemines LNG LLC
6.500%
6/15/2034
2,904
2,997
9
Venture Global Plaquemines LNG LLC
6.750%
1/15/2036
565
592
 
 
 
 
 
214,228
Financials (10.4%)
9
200 Park Funding Trust
5.740%
2/15/2055
8,242
7,746
 
Aercap Funding DAC
4.875%
7/7/2031
4,340
4,268
 
AerCap Ireland Capital DAC
4.375%
11/15/2030
3,708
3,605
 
Alexandria Real Estate Equities Inc.
4.500%
7/30/2029
85
84
 
Alexandria Real Estate Equities Inc.
2.750%
12/15/2029
1,414
1,313
 
Allstate Corp.
4.200%
12/15/2046
2,414
1,877
 
Ally Financial Inc.
5.737%
5/15/2029
1,745
1,765
 
American Express Co.
5.532%
4/25/2030
1,110
1,129
 
American Express Co.
5.085%
1/30/2031
1,651
1,659
9
American National Global Funding
5.550%
1/28/2030
799
803
 
American National Group Inc.
5.750%
10/1/2029
975
987
9
AmWINS Group Inc.
6.375%
2/15/2029
136
137
9
AmWINS Group Inc.
4.875%
6/30/2029
2,302
2,217
 
Apollo Global Management Inc.
5.150%
8/12/2035
2,098
2,005
 
Arch Capital Group Ltd.
5.950%
6/15/2056
3,710
3,575
 
Ares Strategic Income Fund
5.700%
3/15/2028
1,310
1,310
 
Ares Strategic Income Fund
6.350%
8/15/2029
2,164
2,179
5,11
Artea Bankas AB
4.597%
6/25/2030
5,400
6,295
 
Arthur J Gallagher & Co.
4.850%
12/15/2029
974
974
 
Assurant Inc.
4.900%
3/27/2028
101
101
9
Asurion LLC
8.000%
12/31/2032
60
61
9
Asurion LLC
8.375%
2/1/2034
970
884
12
Athene Global Funding
1.750%
11/24/2027
1,280
1,652

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Athene Holding Ltd.
4.125%
1/12/2028
1,595
1,577
 
Athene Holding Ltd.
3.450%
5/15/2052
3,988
2,355
 
Athene Holding Ltd.
6.625%
5/19/2055
2,143
2,008
11
Athora Holding Ltd.
6.625%
6/16/2028
2,557
3,072
11
Athora Holding Ltd.
5.875%
9/10/2034
2,100
2,535
15
Australia & New Zealand Banking Group Ltd.
5.906%
8/12/2032
1,033
730
5,8,15
Australia & New Zealand Banking Group Ltd., 3M Australian Bank Bill
Rate + 2.350%
6.804%
5/16/2033
687
495
9
Aviation Capital Group LLC
4.875%
1/28/2033
3,860
3,705
 
Banco Santander SA
5.437%
4/15/2036
2,600
2,547
 
Bank of America Corp.
5.202%
4/25/2029
5
5
5
Bank of America Corp.
2.087%
6/14/2029
7
7
5
Bank of America Corp.
3.194%
7/23/2030
1,467
1,398
 
Bank of America Corp.
5.162%
1/24/2031
1,738
1,747
 
Bank of America Corp.
5.511%
1/24/2036
7
7
5
Bank of America Corp.
4.244%
4/24/2038
4,328
3,859
5
Bank of America Corp.
4.078%
4/23/2040
2,471
2,105
 
Bank of America Corp.
3.311%
4/22/2042
6,852
5,136
5
Bank of America Corp.
4.083%
3/20/2051
460
346
5
Bank of New York Mellon Corp.
4.975%
3/14/2030
412
414
 
Bank of New York Mellon Corp.
5.316%
6/6/2036
2,791
2,776
 
Bank of New York Mellon Corp.
5.085%
4/23/2037
8,505
8,258
 
Bank of Nova Scotia
5.130%
2/14/2031
609
611
5,11
Bank of Valletta plc
4.467%
5/28/2032
1,526
1,763
 
Barclays plc
5.207%
2/24/2037
4,300
4,094
 
Blackstone Secured Lending Fund
5.350%
4/13/2028
496
494
9
Block Inc.
5.625%
8/15/2030
725
722
 
Block Inc.
6.500%
5/15/2032
140
142
9
Block Inc.
6.000%
8/15/2033
350
347
 
Blue Owl Capital Corp.
5.950%
3/15/2029
3,105
3,097
 
Blue Owl Technology Finance Corp.
6.100%
3/15/2028
681
681
9
BPCE SA
5.184%
6/2/2032
8,490
8,394
5,11
BPCE SA
4.125%
2/27/2039
1,300
1,443
 
Brandywine Operating Partnership LP
8.875%
4/12/2029
1,725
1,811
 
Brandywine Operating Partnership LP
6.125%
1/15/2031
420
403
 
Brown & Brown Inc.
4.700%
6/23/2028
1,285
1,282
9
Burford Capital Global Finance LLC
6.250%
4/15/2028
160
158
9
Burford Capital Global Finance LLC
9.250%
7/1/2031
160
157
9
Burford Capital Global Finance LLC
8.500%
1/15/2034
680
589
 
Canadian Imperial Bank of Commerce
5.260%
4/8/2029
6
6
 
Canadian Imperial Bank of Commerce
4.631%
9/11/2030
1,407
1,394
 
Canadian Imperial Bank of Commerce
5.245%
1/13/2031
973
980
 
Capital One Financial Corp.
5.700%
2/1/2030
2,619
2,660
 
Capital One Financial Corp.
3.273%
3/1/2030
1,239
1,188
 
Capital One Financial Corp.
5.463%
7/26/2030
7,336
7,426
 
Capital One Financial Corp.
6.051%
2/1/2035
1,549
1,583
 
Capital One Financial Corp.
6.183%
1/30/2036
10,663
10,685
 
Capital One Financial Corp.
5.197%
9/11/2036
5,979
5,714
5
Capital One NA
5.974%
8/9/2028
734
745
 
Carlyle Group Inc.
5.050%
9/19/2035
1,179
1,119
12
Chesnara plc
4.750%
8/4/2032
1,000
1,248
9
Citadel Finance LLC
5.900%
2/10/2030
1,322
1,326
5
Citigroup Inc.
3.980%
3/20/2030
9
9
 
Citigroup Inc.
4.542%
9/19/2030
5,021
4,961
5
Citigroup Inc.
2.976%
11/5/2030
413
388
5
Citigroup Inc.
2.666%
1/29/2031
958
885
12
Close Brothers Group plc
7.750%
6/14/2028
5,225
7,281
12
Close Brothers Group plc
6.125%
8/3/2036
700
918
5,8,15
Commonwealth Bank of Australia, 3M Australian Bank Bill Rate + 0.700%
5.165%
1/14/2027
980
691
8,15
Commonwealth Bank of Australia, 3M Australian Bank Bill Rate + 1.320%
5.773%
8/20/2031
1,800
1,267
5,8,15
Commonwealth Bank of Australia, 3M Australian Bank Bill Rate + 2.050%
6.593%
10/25/2033
480
346
 
COPT Defense Properties LP
2.000%
1/15/2029
920
859
9
CRC Insurance Group LLC
7.125%
6/1/2031
2
2
9
Credit Acceptance Corp.
6.625%
3/15/2030
620
620
 
CubeSmart LP
2.250%
12/15/2028
1,995
1,884
9
Danske Bank A/S
4.999%
3/27/2032
4,540
4,491
11
Deutsche EuroShop AG
4.500%
10/15/2030
2,900
3,348
 
Digital Realty Trust LP
3.600%
7/1/2029
1,971
1,903
5,11
DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH
4.875%
8/21/2030
5,700
6,658
9
EF Holdco
7.375%
9/30/2030
560
557

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
7
Equinix Inc.
5.000%
8/15/2029
7,123
7,109
 
Equinix Inc.
3.200%
11/18/2029
663
627
 
ERP Operating LP
3.000%
7/1/2029
185
176
 
Essex Portfolio LP
3.000%
1/15/2030
486
456
 
Extra Space Storage LP
4.900%
2/1/2032
5,635
5,549
 
Extra Space Storage LP
4.950%
1/15/2033
1,875
1,832
 
Federal Realty OP LP
3.500%
6/1/2030
162
154
 
Fidelity National Financial Inc.
4.500%
8/15/2028
25
25
9
Fifth Third Bancorp
5.982%
1/30/2030
104
106
9
Freedom Mortgage Holdings LLC
9.250%
2/1/2029
400
413
9
Freedom Mortgage Holdings LLC
6.875%
5/1/2031
725
698
9
Freedom Mortgage Holdings LLC
8.000%
2/1/2032
220
218
9
Freedom Mortgage Holdings LLC
7.875%
4/1/2033
565
545
5,11
GA Global Funding Trust
3.750%
6/20/2032
1,200
1,340
5,11
GA Global Funding Trust
4.133%
9/16/2035
2,200
2,437
 
Gaci First Investment Co.
5.000%
10/13/2027
13,200
13,199
9
GGAM Finance Ltd.
8.000%
2/15/2027
111
111
9
Global Atlantic Fin Co.
3.125%
6/15/2031
487
432
 
Goldman Sachs Group Inc.
5.727%
4/25/2030
2,276
2,317
 
Goldman Sachs Group Inc.
4.692%
10/23/2030
1,798
1,778
5
Goldman Sachs Group Inc.
5.207%
1/28/2031
1,143
1,146
 
Goldman Sachs Group Inc.
5.094%
4/20/2034
13,123
12,838
 
Goldman Sachs Group Inc.
5.425%
6/3/2037
2,247
2,195
5
Goldman Sachs Group Inc.
4.017%
10/31/2038
9,264
7,890
 
Goldman Sachs Group Inc.
2.908%
7/21/2042
3,049
2,121
 
Goldman Sachs Group Inc.
3.436%
2/24/2043
3,263
2,389
 
Golub Capital Private Credit Fund
5.875%
5/1/2030
1,469
1,440
5,11
Gothaer Allgemeine Versicherung AG
5.000%
6/20/2045
2,700
3,167
11
Grand City Properties Finance Sarl
4.750%
Perpetual
1,300
1,431
5,11
Grand City Properties SA
2.000%
10/25/2032
1,000
1,006
 
Healthpeak OP LLC
2.125%
12/1/2028
238
224
 
Healthpeak OP LLC
3.500%
7/15/2029
168
162
 
Healthpeak OP LLC
3.000%
1/15/2030
725
679
 
Highwoods Realty LP
4.200%
4/15/2029
780
761
 
Host Hotels & Resorts LP
4.250%
12/15/2028
1,690
1,664
9
Howden UK Refinance plc
7.250%
2/15/2031
394
390
9
Howden UK Refinance plc
8.125%
2/15/2032
1,351
1,256
 
HPS Corporate Lending Fund
4.900%
9/11/2028
5,811
5,695
5
HSBC Holdings plc
4.583%
6/19/2029
815
811
 
HSBC Holdings plc
5.546%
3/4/2030
1,956
1,982
5
HSBC Holdings plc
3.973%
5/22/2030
3,730
3,625
 
HSBC Holdings plc
4.619%
11/6/2031
12,318
12,039
 
HSBC Holdings plc
5.208%
5/12/2034
5,860
5,758
5
HSBC Holdings plc
6.500%
9/15/2037
1,976
2,053
 
Hudson Pacific Properties LP
3.950%
11/1/2027
185
180
 
Hudson Pacific Properties LP
5.950%
2/15/2028
195
193
 
Huntington Bancshares Inc.
5.605%
1/28/2041
2,820
2,703
9
Intesa Sanpaolo SpA
5.000%
6/29/2030
6,305
6,275
9
Intesa Sanpaolo SpA
6.005%
6/29/2037
8,235
8,075
 
Invitation Homes Operating Partnership LP
2.300%
11/15/2028
192
182
 
Invitation Homes Operating Partnership LP
4.950%
2/1/2032
3,005
2,959
9
Iron Mountain Inc.
6.250%
1/15/2033
74
74
5,11
IWG US Finance LLC
6.500%
6/28/2030
1,273
1,569
11
IWG US Finance LLC
5.125%
5/14/2032
2,100
2,465
 
Jefferies Financial Group Inc.
5.875%
7/21/2028
8
8
 
Jefferies Financial Group Inc.
4.150%
1/23/2030
508
488
 
JPMorgan Chase & Co.
6.087%
10/23/2029
4
4
 
JPMorgan Chase & Co.
5.012%
1/23/2030
1,801
1,806
 
JPMorgan Chase & Co.
5.581%
4/22/2030
3,425
3,482
5
JPMorgan Chase & Co.
3.702%
5/6/2030
1,468
1,422
 
JPMorgan Chase & Co.
4.565%
6/14/2030
975
965
 
JPMorgan Chase & Co.
4.995%
7/22/2030
3,399
3,405
 
JPMorgan Chase & Co.
4.603%
10/22/2030
2,190
2,168
 
JPMorgan Chase & Co.
5.140%
1/24/2031
3
3
 
JPMorgan Chase & Co.
5.294%
7/22/2035
1,962
1,944
 
JPMorgan Chase & Co.
5.576%
7/23/2036
9,039
8,939
 
JPMorgan Chase & Co.
4.898%
1/22/2037
6,170
5,884
 
JPMorgan Chase & Co.
5.193%
2/5/2037
12,897
12,369
 
JPMorgan Chase & Co.
5.148%
4/23/2037
11,065
10,741
 
JPMorgan Chase & Co.
5.803%
7/23/2041
7,340
7,255

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
Kennedy-Wilson Inc.
7.250%
6/1/2033
85
86
5
KeyCorp
2.550%
10/1/2029
645
601
 
KKR & Co. Inc.
5.100%
8/7/2035
1,173
1,116
5,11
Kommunalkredit Austria AG
5.250%
3/28/2029
6,100
7,221
9
Liberty Mutual Group Inc.
5.250%
5/1/2036
3,030
2,929
5,8,15
Lloyds Banking Group plc, 3M Australian Bank Bill Rate + 2.000%
6.469%
3/17/2029
1,000
716
 
M&T Bank Corp.
5.179%
7/8/2031
4,742
4,747
 
M&T Bank Corp.
5.400%
7/30/2035
3,117
3,088
15
Macquarie Bank Ltd.
6.082%
6/7/2032
130
92
8,15
Macquarie Bank Ltd., 3M Australian Bank Bill Rate + 2.700%
7.184%
6/7/2032
240
171
 
Manufacturers & Traders Trust Co.
4.762%
7/6/2028
5,426
5,428
11
Mapfre SA
2.875%
4/13/2030
300
335
9
Massachusetts Mutual Life Insurance Co.
3.729%
10/15/2070
3,103
1,874
 
Mastercard Inc.
4.425%
6/8/2029
1,071
1,065
 
Mastercard Inc.
4.600%
6/8/2031
4,054
4,010
 
MetLife Inc.
4.125%
8/13/2042
6,119
4,960
 
Mid-America Apartments LP
3.950%
3/15/2029
903
885
 
Mitsubishi UFJ Financial Group Inc.
5.242%
4/19/2029
1,364
1,374
 
Mitsubishi UFJ Financial Group Inc.
4.505%
1/14/2032
4,660
4,538
 
Mitsubishi UFJ Financial Group Inc.
5.057%
1/14/2037
12,515
12,002
 
Mizuho Financial Group Inc.
5.667%
5/27/2029
209
212
5
Morgan Stanley
3.591%
7/22/2028
2,050
2,028
 
Morgan Stanley
5.123%
2/1/2029
2,425
2,436
 
Morgan Stanley
5.042%
7/19/2030
7,817
7,835
 
Morgan Stanley
4.654%
10/18/2030
3,418
3,381
 
Morgan Stanley
5.230%
1/15/2031
3,082
3,097
 
Morgan Stanley
5.831%
4/19/2035
3,995
4,069
 
Morgan Stanley
5.587%
1/18/2036
1,399
1,399
 
Morgan Stanley
5.664%
4/17/2036
5,075
5,094
 
Morgan Stanley
5.073%
1/30/2037
5,569
5,322
 
Morgan Stanley
5.296%
4/10/2037
3,639
3,534
5
Morgan Stanley
5.605%
7/17/2037
5,510
5,478
5
Morgan Stanley
3.971%
7/22/2038
12,246
10,452
 
Morgan Stanley
5.314%
1/18/2041
6,895
6,531
5
Morgan Stanley Private Bank NA
4.213%
2/8/2030
22,440
22,068
 
MPT Operating Partnership LP
3.500%
3/15/2031
2,305
1,570
9,11
MPT Operating Partnership LP
7.000%
2/15/2032
300
348
9
MPT Operating Partnership LP
8.500%
2/15/2032
449
456
11
Mutuelle Epargne Retraite Prevoyance Carac
4.375%
2/5/2046
700
773
5
NatWest Group plc
4.445%
5/8/2030
293
289
 
NatWest Group plc
4.964%
8/15/2030
2,902
2,900
11
Nippon Life Insurance Co.
4.114%
1/23/2055
500
557
9
Nippon Life Insurance Co.
6.500%
4/30/2055
3,120
3,214
5,11
Nippon Life Insurance Co.
4.165%
9/2/2055
500
556
 
NNN REIT Inc.
2.500%
4/15/2030
152
139
 
Nomura Holdings Inc.
4.996%
6/29/2029
4,250
4,247
9
Northwestern Mutual Life Insurance Co.
6.050%
6/30/2056
7,410
7,206
9
Nuveen LLC
5.550%
1/15/2030
733
739
5,11
Oldenburgische Landesbank AG
8.000%
4/24/2034
600
750
5,11
Oldenburgische Landesbank AG
8.500%
4/24/2034
1,300
1,645
9
Omnis Funding Trust
6.722%
5/15/2055
1,459
1,459
 
OneMain Finance Corp.
6.625%
5/15/2029
196
199
 
OneMain Finance Corp.
6.125%
5/15/2030
285
283
 
OneMain Finance Corp.
6.750%
3/15/2032
410
409
 
OneMain Finance Corp.
7.125%
9/15/2032
15
15
 
OneMain Finance Corp.
6.500%
3/15/2033
705
688
 
OneMain Finance Corp.
6.750%
9/15/2033
510
502
12
OSB Group plc
9.993%
7/27/2033
1,384
1,994
12
Pension Insurance Corp. plc
4.625%
5/7/2031
400
506
12
Pension Insurance Corp. plc
3.625%
10/21/2032
1,911
2,227
12
Pension Insurance Corp. plc
8.000%
11/13/2033
600
872
9
Penske Truck Leasing Co. LP
5.250%
2/1/2030
1,230
1,234
9
Phoenix Aviation Capital Ltd.
9.250%
7/15/2030
2,930
3,038
 
Pinnacle Bank
5.957%
1/15/2036
2,219
2,184
 
Pinnacle Financial Partners Inc.
5.596%
5/19/2032
4,235
4,196
 
PNC Financial Services Group Inc.
6.615%
10/20/2027
1,462
1,468
 
PNC Financial Services Group Inc.
5.582%
6/12/2029
9,776
9,920
 
PNC Financial Services Group Inc.
5.492%
5/14/2030
7,000
7,108
 
PNC Financial Services Group Inc.
5.222%
1/29/2031
2,999
3,022
 
PNC Financial Services Group Inc.
5.463%
7/21/2037
6,341
6,274

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
PNC Financial Services Group Inc.
5.423%
1/25/2041
4,930
4,718
5,11
PPI Public Property Invest AB
4.375%
10/1/2032
1,600
1,828
5,11
PPI Public Property Invest AB
4.125%
4/21/2033
1,900
2,116
 
Progressive Corp.
5.150%
3/26/2036
2,124
2,079
 
Prologis LP
5.250%
5/15/2035
5,420
5,359
 
Realty Income Corp.
4.000%
7/15/2029
488
478
 
Realty Income Corp.
3.400%
1/15/2030
166
158
 
Regions Financial Corp.
5.722%
6/6/2030
5,579
5,690
9
RHP Hotel Properties LP
6.500%
6/15/2033
640
651
9
RHP Hotel Properties LP
5.750%
3/15/2034
350
343
9
Rocket Cos. Inc.
6.125%
8/1/2030
270
272
9
Rocket Cos. Inc.
6.125%
8/1/2031
950
954
9
Rocket Cos. Inc.
6.375%
8/1/2033
1,105
1,112
9
Rocket Cos. Inc.
6.500%
6/15/2034
255
257
9
Rocket Mortgage LLC
3.875%
3/1/2031
575
533
9
Rocket Mortgage LLC
4.000%
10/15/2033
280
247
5
Royal Bank of Canada
4.650%
10/18/2030
3,033
3,007
5
Royal Bank of Canada
5.153%
2/4/2031
6,646
6,674
9
Ryan Specialty LLC
5.875%
8/1/2032
43
42
 
Santander UK Group Holdings plc
4.320%
9/22/2029
8,960
8,848
12
Scottish Widows Ltd.
7.000%
6/16/2043
700
941
9
Service Properties Trust
0.000%
9/30/2027
345
322
 
Service Properties Trust
3.950%
1/15/2028
295
286
 
Service Properties Trust
8.875%
6/15/2032
585
601
9
Shift4 Payments LLC
6.750%
8/15/2032
740
741
5,11
Shift4 Payments LLC
5.500%
5/15/2033
400
452
 
Sixth Street Lending Partners
6.500%
3/11/2029
1,986
2,017
 
Sixth Street Specialty Lending Inc.
6.950%
8/14/2028
1,455
1,492
 
Sixth Street Specialty Lending Inc.
6.125%
3/1/2029
730
736
11
Sogecap SA
6.500%
5/16/2044
900
1,147
9
Starwood Property Trust Inc.
7.250%
4/1/2029
10
10
9
Starwood Property Trust Inc.
5.875%
8/15/2029
205
206
9
Starwood Property Trust Inc.
6.000%
4/15/2030
278
279
9
Starwood Property Trust Inc.
6.500%
10/15/2030
160
162
5
State Street Corp.
3.031%
11/1/2034
1,852
1,730
 
State Street Corp.
4.784%
10/23/2036
5,850
5,564
 
State Street Corp.
5.094%
4/24/2037
4,665
4,522
 
Store Capital LLC
4.500%
3/15/2028
254
252
 
Suci Second Investment Co.
4.375%
9/10/2027
18,800
18,725
 
Sumisho Air Lease Corp.
5.100%
3/1/2029
13
13
9
Sumisho Air Lease Corp.
4.500%
3/24/2029
16,060
15,870
5
Sumisho Air Lease Corp.
3.000%
2/1/2030
663
617
9
Sumisho Air Lease Corp.
4.850%
3/24/2031
22,980
22,532
 
Sumitomo Mitsui Financial Group Inc.
2.130%
7/8/2030
787
706
 
Sumitomo Mitsui Financial Group Inc.
4.494%
1/15/2032
2,915
2,835
 
Sumitomo Mitsui Financial Group Inc.
5.138%
7/7/2034
2,655
2,609
 
Sumitomo Mitsui Financial Group Inc.
5.296%
7/7/2037
11,125
10,832
 
Sumitomo Mitsui Financial Group Inc.
5.570%
1/15/2047
7,170
6,727
 
Sun Communities Operating LP
2.300%
11/1/2028
124
118
9
Teachers Insurance & Annuity Association of America
3.300%
5/15/2050
4,110
2,615
 
Toronto-Dominion Bank
4.866%
4/22/2033
6,750
6,595
 
Toronto-Dominion Bank
4.928%
10/15/2035
4,245
4,073
5,11
Triodos Bank NV
2.250%
2/5/2032
300
343
5,11
Triodos Bank NV
5.500%
6/3/2037
1,700
1,940
5
Truist Bank
4.144%
1/27/2029
4,520
4,480
5
Truist Financial Corp.
7.161%
10/30/2029
1,794
1,879
5
Truist Financial Corp.
5.071%
5/20/2031
9,597
9,596
9
UBS Group AG
4.151%
12/23/2029
11,520
11,337
9
UBS Group AG
3.126%
8/13/2030
508
480
9
UBS Group AG
5.617%
9/13/2030
1,465
1,489
9
UBS Group AG
4.398%
9/23/2031
3,849
3,732
9
UBS Group AG
4.844%
11/6/2033
5,946
5,764
9
UBS Group AG
5.699%
2/8/2035
6,069
6,122
9
UBS Group AG
5.010%
3/23/2037
6,792
6,455
5
UDR Inc.
3.200%
1/15/2030
237
224
 
US Bancorp
5.775%
6/12/2029
2,804
2,856
 
US Bancorp
5.384%
1/23/2030
1,189
1,204
 
US Bancorp
5.046%
2/12/2031
4,872
4,874
 
US Bancorp
5.083%
5/15/2031
6,520
6,530
 
US Bancorp
5.470%
7/27/2037
15,960
15,798

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
UWM Holdings LLC
6.625%
2/1/2030
17
16
5,11
Viridium Group Sarl
4.375%
11/16/2035
600
653
11
Volksbank Wien AG
5.750%
6/21/2034
5,500
6,497
11
Volksbank Wien AG
5.500%
12/4/2035
2,200
2,585
 
Wells Fargo & Co.
6.303%
10/23/2029
8
8
5
Wells Fargo & Co.
2.879%
10/30/2030
731
686
 
Wells Fargo & Co.
5.244%
1/24/2031
3,257
3,280
 
Wells Fargo & Co.
4.960%
1/23/2037
12,478
11,914
 
Wells Fargo & Co.
5.433%
1/23/2047
10,400
9,574
 
Welltower OP LLC
2.050%
1/15/2029
1,738
1,633
 
Welltower OP LLC
3.100%
1/15/2030
1,758
1,661
5,8,15
Westpac Banking Corp., 3M Australian Bank Bill Rate + 1.230%
5.662%
11/11/2027
1,600
1,136
5,8,15
Westpac Banking Corp., 3M Australian Bank Bill Rate + 1.880%
6.337%
4/3/2034
200
144
5,8,15
Westpac Banking Corp., 3M Australian Bank Bill Rate + 2.300%
6.769%
6/23/2033
100
72
 
Willis North America Inc.
2.950%
9/15/2029
621
586
9
WS Escrow LLC
7.750%
6/1/2033
440
455
11
Wuestenrot & Wuerttembergische AG
2.125%
9/10/2041
1,800
1,852
11
Wuestenrot & Wuerttembergische AG
4.983%
10/27/2045
700
787
9
XHR LP
4.875%
6/1/2029
25
24
9
XHR LP
6.625%
5/15/2030
27
28
 
 
 
 
 
892,388
Health Care (2.2%)
9
1261229 BC Ltd.
10.000%
4/15/2032
2,035
2,080
 
Abbott Laboratories
4.300%
3/15/2033
12,521
11,999
 
Abbott Laboratories
5.600%
3/15/2066
2,750
2,555
 
AbbVie Inc.
4.400%
3/15/2033
6,905
6,653
 
AbbVie Inc.
5.350%
3/15/2044
1,804
1,695
 
AbbVie Inc.
5.650%
3/15/2066
2,520
2,344
 
Advocate Health & Hospitals Corp.
4.272%
8/15/2048
1,862
1,477
 
Advocate Health & Hospitals Corp.
3.387%
10/15/2049
1,488
1,017
 
Amgen Inc.
2.450%
2/21/2030
897
827
 
Amgen Inc.
5.650%
2/19/2056
6,015
5,613
 
Augusta SpinCo Corp.
4.945%
3/23/2033
4,030
3,955
5,11
Bayer AG
1.375%
7/6/2032
600
601
5
Baylor Scott & White Holdings
2.839%
11/15/2050
2,507
1,519
5
Beth Israel Lahey Health Inc.
3.080%
7/1/2051
2,401
1,483
9
BioMarin Pharmaceutical Inc.
5.500%
2/15/2034
250
244
 
Cardinal Health Inc.
5.000%
11/15/2029
2,439
2,449
 
Centene Corp.
2.450%
7/15/2028
1,240
1,176
 
Centene Corp.
4.625%
12/15/2029
455
441
9
Charles River Laboratories International Inc.
3.750%
3/15/2029
600
574
9
Community Health Systems Inc.
10.875%
1/15/2032
116
122
9
Community Health Systems Inc.
9.750%
1/15/2034
1,045
1,059
9
CSL Finance plc
4.750%
4/27/2052
3,054
2,495
 
CVS Health Corp.
5.000%
1/30/2029
1,936
1,947
9
DaVita Inc.
4.625%
6/1/2030
2,993
2,884
9
DaVita Inc.
6.875%
9/1/2032
485
498
9
DaVita Inc.
6.750%
7/15/2033
490
503
 
Elevance Health Inc.
5.150%
6/15/2029
1,172
1,183
 
Elevance Health Inc.
4.750%
2/15/2030
1,936
1,925
 
Elevance Health Inc.
5.700%
2/15/2055
3,150
2,904
 
Elevance Health Inc.
5.700%
9/15/2055
2,430
2,248
 
Eli Lilly & Co.
4.650%
5/20/2033
4,098
4,015
9
Encompass Health Corp.
5.875%
6/1/2034
720
713
9
Endo Finance Holdings LP
8.500%
4/15/2031
17
18
 
GE HealthCare Technologies Inc.
5.500%
6/15/2035
920
918
 
GE HealthCare Technologies Inc.
4.950%
12/15/2035
5
5
 
GE HealthCare Technologies Inc.
6.377%
11/22/2052
2,770
2,813
9
GENMAB A/S
6.250%
12/15/2032
985
994
 
Gilead Sciences Inc.
4.900%
5/20/2034
5,158
5,053
 
HCA Inc.
5.875%
2/1/2029
488
497
 
HCA Inc.
4.600%
11/15/2032
2,805
2,697
 
HCA Inc.
5.000%
5/15/2033
7,740
7,548
 
HCA Inc.
5.450%
9/15/2034
495
492
 
HCA Inc.
4.900%
11/15/2035
140
132
 
HCA Inc.
5.900%
6/1/2053
7,000
6,467
 
HCA Inc.
6.100%
4/1/2064
3,930
3,678
9
IQVIA Inc.
6.250%
6/1/2032
1,160
1,176
5
Kaiser Foundation Hospitals
2.810%
6/1/2041
3
2

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Kaiser Foundation Hospitals
4.150%
5/1/2047
908
716
5
Kaiser Foundation Hospitals
3.002%
6/1/2051
4,455
2,762
9
LifePoint Health Inc.
7.000%
5/1/2034
1,405
1,312
5
Mayo Clinic
3.196%
11/15/2061
3,289
1,992
 
McKesson Corp.
4.950%
5/30/2032
12,461
12,428
9
Medline Borrower LP
5.250%
10/1/2029
310
307
 
Merck & Co. Inc.
4.450%
12/4/2032
1,988
1,935
 
Merck & Co. Inc.
5.700%
9/15/2055
2,495
2,378
 
Merck & Co. Inc.
5.850%
5/22/2056
4,070
3,966
 
Novant Health Inc.
3.318%
11/1/2061
1,560
940
 
Novartis Capital Corp.
4.600%
3/18/2033
8,965
8,750
 
Novartis Capital Corp.
5.700%
3/18/2056
1,435
1,388
9
Organon & Co.
5.125%
4/30/2031
1,750
1,733
9
Organon & Co.
6.750%
5/15/2034
685
715
 
Pfizer Inc.
4.500%
11/15/2032
3,295
3,210
 
Pfizer Inc.
5.700%
11/15/2065
2,365
2,200
 
Pfizer Investment Enterprises Pte. Ltd.
5.110%
5/19/2043
6,113
5,580
5
Providence St. Joseph Health Obligated Group
2.532%
10/1/2029
616
574
9
Radiology Partners Inc.
8.500%
7/15/2032
845
888
5,11
RAY Financing LLC
6.500%
7/15/2031
325
379
 
Revvity Inc.
3.300%
9/15/2029
731
696
 
Stanford Health Care
3.027%
8/15/2051
4,362
2,716
5
Sutter Health
3.161%
8/15/2040
5,832
4,425
 
Takeda US Financing Inc.
5.900%
7/7/2055
3,401
3,283
9
Teleflex Inc.
5.875%
1/15/2032
205
204
 
Tenet Healthcare Corp.
4.250%
6/1/2029
684
663
9
Tenet Healthcare Corp.
5.500%
11/15/2032
1,440
1,418
 
Teva Pharmaceutical Finance Netherlands III BV
3.150%
10/1/2026
1,505
1,500
 
Teva Pharmaceutical Finance Netherlands III BV
6.000%
12/1/2032
2,095
2,136
 
Teva Pharmaceutical Finance Netherlands IV BV
5.750%
12/1/2030
1,365
1,382
 
UnitedHealth Group Inc.
4.375%
3/15/2042
3,226
2,716
 
UnitedHealth Group Inc.
3.750%
10/15/2047
4,723
3,408
 
UnitedHealth Group Inc.
3.700%
8/15/2049
3,657
2,568
 
UnitedHealth Group Inc.
3.250%
5/15/2051
3
2
 
UnitedHealth Group Inc.
5.375%
4/15/2054
1,680
1,505
 
UnitedHealth Group Inc.
5.625%
7/15/2054
2,080
1,936
 
UnitedHealth Group Inc.
5.500%
4/15/2064
2
2
 
Zimmer Biomet Holdings Inc.
5.050%
2/19/2030
4,005
4,019
 
 
 
 
 
192,420
Industrials (1.8%)
9
ADI Global Distribution Funding LLC
7.125%
7/15/2034
220
225
 
Allegion plc
3.500%
10/1/2029
595
570
9
Allison Transmission Inc.
4.750%
10/1/2027
90
90
9
Allison Transmission Inc.
3.750%
1/30/2031
3,400
3,154
9
Allison Transmission Inc.
5.875%
12/1/2033
360
354
5,7
American Airlines Pass-Through Trust Class A Series 2026-2
5.700%
2/20/2039
3,984
3,987
 
Amphenol Corp.
4.125%
11/15/2030
2,819
2,739
 
Amphenol Corp.
5.300%
11/15/2055
1,757
1,585
 
ATI Inc.
5.875%
6/15/2033
145
146
5,15
Aurizon Finance Pty Ltd.
3.000%
3/9/2028
1,340
908
 
Boeing Co.
3.200%
3/1/2029
8
8
 
Boeing Co.
6.298%
5/1/2029
3,524
3,650
 
Boeing Co.
5.150%
5/1/2030
571
574
 
Boeing Co.
5.705%
5/1/2040
2,080
2,054
 
Boeing Co.
6.858%
5/1/2054
7,710
8,260
 
Boeing Co.
7.008%
5/1/2064
9,918
10,720
9
Bombardier Inc.
7.250%
7/1/2031
2,000
2,086
9
Bombardier Inc.
6.750%
6/15/2033
600
618
9
Bombardier Inc.
5.875%
1/15/2035
320
317
5,15
Brisbane Airport Corp. Pty Ltd.
4.500%
12/30/2030
390
262
 
Burlington Northern Santa Fe LLC
4.375%
9/1/2042
2,472
2,094
9
BWX Technologies Inc.
4.125%
6/30/2028
365
356
9
BWX Technologies Inc.
4.125%
4/15/2029
3,300
3,168
 
Canadian Pacific Railway Co.
5.500%
3/15/2056
2,990
2,754
9
Carrix Inc.
6.125%
8/1/2033
775
772
9
Clean Harbors Inc.
5.750%
10/15/2033
775
771
9
Core & Main LP
6.000%
7/1/2034
315
313
 
CSX Corp.
3.800%
4/15/2050
247
179
5,11
Czechoslovak Group A/S
5.250%
1/10/2031
4,600
5,383

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
Daimler Truck Finance North America LLC
5.250%
1/13/2030
431
434
5,11
Deutsche Lufthansa AG
4.125%
9/3/2032
457
533
 
Eaton Capital ULC
4.450%
5/9/2030
2,440
2,406
9
Enpro Inc.
6.125%
6/1/2033
1,430
1,435
9
ERAC USA Finance LLC
4.500%
10/30/2029
12,283
12,141
9
ERAC USA Finance LLC
4.700%
4/30/2031
10,541
10,406
9
Fedex Freight Holding Co. Inc.
4.300%
3/15/2029
430
423
9
Fedex Freight Holding Co. Inc.
4.650%
3/15/2031
4,950
4,820
9
Fedex Freight Holding Co. Inc.
4.950%
3/15/2033
40
39
9
Fedex Freight Holding Co. Inc.
5.250%
3/15/2036
3,340
3,186
9
Gates Corp.
6.875%
7/1/2029
545
556
9
Granite Construction Inc.
6.375%
6/15/2034
160
160
 
HEICO Corp.
4.950%
8/1/2031
5,123
5,109
 
HEICO Corp.
5.400%
8/1/2036
2,738
2,710
9
Herc Holdings Inc.
7.000%
6/15/2030
1,300
1,340
9
Herc Holdings Inc.
5.750%
3/15/2031
460
456
9
Herc Holdings Inc.
7.250%
6/15/2033
459
474
9
Herc Holdings Inc.
6.000%
3/15/2034
270
265
9
Honeywell Aerospace Inc.
4.600%
3/16/2033
3,110
3,005
9
Honeywell Aerospace Inc.
4.950%
3/16/2036
5,625
5,422
9
Honeywell Aerospace Inc.
5.622%
3/16/2046
2,440
2,322
9
Honeywell Aerospace Inc.
5.732%
3/16/2056
5,691
5,411
9
Honeywell Aerospace Inc.
5.852%
3/16/2066
8,809
8,374
 
Huntington Ingalls Industries Inc.
2.043%
8/16/2028
113
107
 
Huntington Ingalls Industries Inc.
5.749%
1/15/2035
1,861
1,887
12
International Distribution Services Ltd.
7.375%
9/14/2030
300
424
 
L3Harris Technologies Inc.
5.050%
6/1/2029
2,447
2,464
 
L3Harris Technologies Inc.
2.900%
12/15/2029
869
817
5,15
Lonsdale Finance Pty Ltd.
2.450%
11/20/2026
1,640
1,145
9
Mueller Water Products Inc.
4.000%
6/15/2029
125
120
 
Northrop Grumman Corp.
4.950%
3/15/2053
2,074
1,770
 
Parker-Hannifin Corp.
3.250%
6/14/2029
1,138
1,093
9
Roller Bearing Co. of America Inc.
4.375%
10/15/2029
63
61
 
RTX Corp.
6.400%
3/15/2054
2,147
2,244
5
Ryder System Inc.
5.375%
3/15/2029
702
712
9
Siemens Funding BV
5.900%
5/28/2065
5,395
5,260
9
TransDigm Inc.
6.750%
8/15/2028
53
53
9
TransDigm Inc.
6.375%
3/1/2029
281
284
9
TransDigm Inc.
6.000%
1/15/2033
185
185
9
TransDigm Inc.
6.375%
5/31/2033
7,475
7,473
9
TransDigm Inc.
6.125%
7/31/2034
830
820
 
United Airlines Holdings Inc.
4.875%
3/1/2029
455
448
 
United Airlines Holdings Inc.
5.375%
3/1/2031
230
227
9
WESCO Distribution Inc.
6.375%
3/15/2029
147
149
9
WESCO Distribution Inc.
5.250%
4/15/2031
225
221
9
WESCO Distribution Inc.
6.375%
3/15/2033
52
53
9
WESCO Distribution Inc.
5.500%
4/15/2034
220
214
 
 
 
 
 
157,755
Materials (1.3%)
5,11
Akzo Nobel NV
4.625%
3/25/2036
1,200
1,377
9
Alumina Pty Ltd.
6.375%
9/15/2032
2,280
2,297
9
ARC Falcon I Inc.
9.750%
3/1/2033
1,350
1,282
9,11
Ardagh Metal Packaging Finance USA LLC
5.000%
1/30/2031
600
695
9
Ardagh Metal Packaging Finance USA LLC
6.250%
1/30/2031
440
443
9
Arsenal AIC Parent LLC
8.000%
10/1/2030
2,000
2,083
 
Ball Corp.
2.875%
8/15/2030
173
157
 
Ball Corp.
5.500%
9/15/2033
230
229
 
BHP Billiton Finance USA Ltd.
5.000%
9/30/2043
2,621
2,375
9,11
Bond US Bidco 1 Inc.
6.500%
6/15/2033
665
769
9
Bond US Bidco 1 Inc.
7.125%
6/15/2033
460
463
9
Canpack Group Inc.
6.000%
5/15/2031
300
298
 
Celulosa Arauco y Constitucion SA
3.875%
11/2/2027
1,432
1,410
 
Cemex SAB de CV
5.750%
6/5/2036
5,000
4,876
9
Chemours Co.
5.750%
11/15/2028
25
25
9
Chemours Co.
4.625%
11/15/2029
780
737
9
Chemours Co.
7.875%
3/15/2034
254
247
9
Cleveland-Cliffs Inc.
4.625%
3/1/2029
770
747
9
Cleveland-Cliffs Inc.
6.875%
11/1/2029
393
397
9
Cleveland-Cliffs Inc.
7.500%
9/15/2031
410
418

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
Cleveland-Cliffs Inc.
7.000%
3/15/2032
2,200
2,206
9
Commercial Metals Co.
5.750%
11/15/2033
770
757
9
Commercial Metals Co.
6.000%
12/15/2035
410
403
 
CRH America Finance Inc.
4.400%
2/9/2031
14,009
13,676
 
CRH America Finance Inc.
5.000%
2/9/2036
2,608
2,502
 
Crown Americas LLC
5.875%
6/1/2033
2,865
2,859
 
Dow Chemical Co.
5.950%
3/15/2055
1,736
1,568
 
Eastman Chemical Co.
5.000%
8/1/2029
1,452
1,454
 
Ecolab Inc.
5.150%
6/15/2033
10,470
10,454
9
Element Solutions Inc.
3.875%
9/1/2028
2,498
2,461
9
First Quantum Minerals Ltd.
8.000%
3/1/2033
590
614
9
First Quantum Minerals Ltd.
7.250%
2/15/2034
260
265
9
FMC Corp.
8.000%
6/1/2031
555
573
 
FMC Corp.
5.650%
5/18/2033
2,215
1,979
 
FMC Corp.
8.450%
11/1/2055
370
278
5
Freeport Indonesia PT
4.763%
4/14/2027
1,154
1,152
9
Georgia-Pacific LLC
4.600%
5/15/2031
7,880
7,731
9
Glencore Funding LLC
5.200%
7/1/2033
5,500
5,417
9
Graphic Packaging International LLC
4.750%
7/15/2027
65
65
9
Graphic Packaging International LLC
3.500%
3/15/2028
21
20
9
Graphic Packaging International LLC
3.750%
2/1/2030
35
33
9
Kaiser Aluminum Corp.
4.500%
6/1/2031
660
624
9
Magnera Corp.
4.750%
11/15/2029
200
186
9
Magnera Corp.
7.250%
11/15/2031
137
134
9,11
Nouryon Finance BV
6.125%
7/15/2031
200
233
9
NOVA Chemicals Corp.
4.250%
5/15/2029
525
513
9
Novelis Corp.
4.750%
1/30/2030
156
150
9
Novelis Corp.
3.875%
8/15/2031
70
64
 
Nutrien Ltd.
4.200%
4/1/2029
733
722
9
Olympus Water US Holding Corp.
6.750%
8/1/2032
1,160
1,129
9
Olympus Water US Holding Corp.
7.250%
2/15/2033
2,330
2,282
9
Owens-Brockway Glass Container Inc.
7.250%
5/15/2031
440
417
9
Owens-Brockway Glass Container Inc.
9.500%
6/1/2033
320
315
9
Qnity Electronics Inc.
5.750%
8/15/2032
1,450
1,442
9
Quikrete Holdings Inc.
6.375%
3/1/2032
1,239
1,254
9
Quikrete Holdings Inc.
6.750%
3/1/2033
3,004
3,043
 
Rio Tinto Finance USA plc
4.125%
8/21/2042
3,605
2,960
11
Silfin NV
4.250%
5/25/2032
600
685
 
Smurfit Kappa Treasury ULC
5.438%
4/3/2034
635
635
 
Smurfit Westrock Financing DAC
5.418%
1/15/2035
2,220
2,202
 
Smurfit Westrock Financing DAC
5.185%
1/15/2036
340
330
9
Standard Building Solutions Inc.
6.500%
8/15/2032
50
50
9
Standard Building Solutions Inc.
6.250%
8/1/2033
435
430
 
Steel Dynamics Inc.
4.000%
12/15/2028
2,660
2,619
9
Stonepeak Motion Holdco Ltd.
6.125%
7/15/2033
390
388
 
Suzano Austria GmbH
6.000%
1/15/2029
849
861
 
Suzano Austria GmbH
5.000%
1/15/2030
800
784
 
Suzano Netherlands BV
5.500%
1/15/2036
1,049
1,003
9
United States Steel Corp.
5.700%
8/1/2036
3,110
3,054
5
Vale Overseas Ltd.
6.000%
2/25/2056
3,206
3,193
 
WestRock MWV LLC
8.200%
1/15/2030
925
1,017
9
WR Grace Holdings LLC
5.625%
8/15/2029
1,800
1,653
9
WR Grace Holdings LLC
7.375%
3/1/2031
154
153
 
 
 
 
 
112,317
Real Estate (0.2%)
 
Equinix Europe 2 Financing Corp. LLC
4.700%
3/15/2033
6,957
6,637
5,11
Fastighets AB Balder
4.000%
3/4/2033
800
890
9
Goodman US Finance Eight LLC
5.875%
4/28/2046
2,770
2,615
9
Goodman US Finance Seven LLC
5.250%
4/28/2036
4,390
4,220
 
 
 
 
 
14,362
Technology (3.5%)
9
AthenaHealth Group Inc.
6.500%
2/15/2030
225
217
9
AthenaHealth Group Inc.
7.500%
2/15/2032
145
149
5
Bidvest Group UK plc
6.200%
9/17/2032
2,900
2,910
 
Broadcom Inc.
4.600%
7/15/2030
19,432
19,078
 
Broadcom Inc.
4.600%
1/15/2033
8,075
7,692
 
Broadcom Inc.
5.200%
7/15/2035
3,374
3,239
 
Broadcom Inc.
4.800%
2/15/2036
1,578
1,459
9
Central Parent Inc.
7.250%
6/15/2029
1,511
778

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9
Central Parent LLC
8.000%
6/15/2029
18
9
9
Cloud Software Group LLC
6.500%
3/31/2029
387
379
9
Cloud Software Group LLC
8.250%
6/30/2032
2,530
2,395
 
Dell International LLC
5.300%
10/1/2029
3,093
3,127
 
Dell International LLC
4.750%
7/15/2031
6,378
6,271
 
Dell International LLC
4.750%
10/6/2032
2,139
2,079
5,11
DXC Capital Funding DAC
4.250%
12/9/2030
805
903
5,11
DXC Capital Funding DAC
0.950%
9/15/2031
1,600
1,522
9
Ellucian Holdings Inc.
6.500%
12/1/2029
81
78
9
Entegris Inc.
4.750%
4/15/2029
7
7
 
Equifax Inc.
5.650%
8/15/2033
342
343
9
Esab Corp.
5.625%
4/1/2031
560
554
 
Fidelity National Information Services Inc.
4.800%
3/10/2031
2,530
2,484
9
Foundry JV Holdco LLC
6.150%
1/25/2032
3,286
3,389
9
Foundry JV Holdco LLC
5.900%
1/25/2033
24,251
24,700
9
Foundry JV Holdco LLC
6.100%
1/25/2036
16,006
16,346
 
Hewlett Packard Enterprise Co.
4.550%
10/15/2029
5,411
5,353
 
Hubbell Inc.
4.900%
6/15/2033
4,158
4,060
 
Hubbell Inc.
5.150%
6/15/2036
3,063
2,976
9
Ingram Micro Inc.
4.750%
5/15/2029
1,525
1,484
 
Intel Corp.
2.450%
11/15/2029
4,634
4,279
 
Intel Corp.
5.000%
8/15/2033
6,138
5,971
 
Intel Corp.
5.300%
5/15/2036
2,145
2,071
 
Intel Corp.
3.250%
11/15/2049
5,495
3,352
 
Intel Corp.
5.700%
2/10/2053
5,706
5,064
 
Intel Corp.
6.125%
5/15/2056
5,777
5,414
 
Intel Corp.
5.050%
8/5/2062
5,000
3,858
 
International Business Machines Corp.
5.800%
2/3/2056
1,485
1,333
 
Intuit Inc.
4.950%
6/15/2031
2,655
2,630
9
Kioxia Holdings Corp.
6.250%
7/24/2030
460
471
9
Kioxia Holdings Corp.
6.625%
7/24/2033
161
166
 
Kyndryl Holdings Inc.
3.150%
10/15/2031
4,220
3,515
 
Marvell Technology Inc.
5.300%
4/15/2036
3,268
3,149
9
McAfee Corp.
7.375%
2/15/2030
200
169
 
Motorola Solutions Inc.
5.200%
8/15/2032
4,800
4,774
 
NVIDIA Corp.
4.250%
6/15/2028
42,585
42,404
 
NVIDIA Corp.
4.350%
6/15/2029
42,730
42,325
 
NVIDIA Corp.
4.750%
6/15/2033
6,760
6,554
 
NVIDIA Corp.
5.550%
6/15/2046
2,180
2,012
 
Oracle Corp.
3.250%
11/15/2027
991
968
 
Oracle Corp.
2.300%
3/25/2028
734
700
 
Oracle Corp.
4.500%
5/6/2028
1,700
1,680
 
Oracle Corp.
4.550%
2/4/2029
3,164
3,084
 
Oracle Corp.
4.450%
9/26/2030
12,000
11,324
 
Oracle Corp.
4.950%
2/4/2031
6,231
5,952
 
Oracle Corp.
4.800%
9/26/2032
2,140
1,970
 
Oracle Corp.
6.500%
4/15/2038
4,480
4,277
 
Oracle Corp.
4.125%
5/15/2045
3,110
2,045
 
Oracle Corp.
5.875%
9/26/2045
2,586
2,125
 
Oracle Corp.
6.550%
2/4/2046
3,886
3,449
 
Oracle Corp.
4.000%
7/15/2046
4,604
2,924
 
Oracle Corp.
6.125%
8/3/2065
1,181
935
9
Rocket Software Inc.
9.000%
11/28/2028
45
45
5,12
Sage Group plc
5.625%
3/5/2037
500
621
 
ServiceNow Inc.
4.700%
8/15/2031
2,416
2,379
9
SS&C Technologies Inc.
5.500%
9/30/2027
894
894
5,11
Teleperformance SE
4.750%
3/28/2032
1,600
1,825
9
UKG Inc.
6.875%
2/1/2031
105
103
 
 
 
 
 
300,792
Utilities (2.6%)
5
AEP Texas Inc.
5.200%
4/15/2036
2,470
2,386
 
AEP Texas Inc.
5.850%
10/15/2055
3,570
3,318
 
AEP Transmission Co. LLC
5.375%
6/15/2035
620
616
 
Alabama Power Co.
5.500%
3/15/2041
5,253
5,101
 
American Water Capital Corp.
5.200%
4/1/2036
10,190
9,956
5,11
Amprion GmbH
4.000%
9/30/2040
800
867
5,11
Amprion GmbH
4.580%
1/15/2046
1,200
1,335
5,12
Anglian Water Osprey Financing plc
2.000%
7/31/2028
538
669
5,12
Anglian Water Services Financing plc
5.750%
6/7/2043
900
1,047

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5,15
Ausgrid Finance Pty Ltd.
1.814%
2/5/2027
1,180
816
5,15
AusNet Services Holdings Pty Ltd.
4.200%
8/21/2028
480
330
9
California Buyer Ltd.
6.375%
2/15/2032
695
685
 
CenterPoint Energy Inc.
5.400%
6/1/2029
2,476
2,515
9
Chpe LLC
4.875%
6/30/2031
3,600
3,547
9
Chpe LLC
5.100%
6/30/2033
4,940
4,846
9
Chpe LLC
5.350%
6/30/2036
3,190
3,107
9
Clearway Energy Operating LLC
4.750%
3/15/2028
305
301
 
Commonwealth Edison Co.
3.650%
6/15/2046
2,675
1,926
 
Commonwealth Edison Co.
5.850%
6/1/2056
2,330
2,235
5
Consolidated Edison Co. of New York Inc.
6.750%
4/1/2038
5
6
 
Consolidated Edison Co. of New York Inc.
5.700%
5/15/2054
1,819
1,701
 
Constellation Energy Generation LLC
4.400%
1/15/2031
2,490
2,426
 
Constellation Energy Generation LLC
5.875%
1/15/2066
1,210
1,120
 
Dominion Energy Inc.
5.350%
6/15/2036
3,010
2,928
5
DTE Energy Co.
3.400%
6/15/2029
9
9
 
Duke Energy Carolinas LLC
3.450%
4/15/2051
2,302
1,533
 
Duke Energy Corp.
3.400%
6/15/2029
4
4
5
Duke Energy Indiana LLC
4.200%
3/15/2042
3,232
2,624
 
Duke Energy Progress LLC
3.700%
10/15/2046
2,054
1,486
 
Duke Energy Progress LLC
5.550%
3/15/2055
2
2
5
Energuate Trust 2 0
6.350%
9/15/2035
9,727
9,546
5,12
Engie SA
5.625%
4/3/2053
500
568
 
Entergy Mississippi LLC
5.050%
4/15/2036
190
183
9
Evergy Missouri West Inc.
4.700%
5/21/2029
1,370
1,364
 
Exelon Corp.
5.600%
3/15/2053
2,962
2,692
 
Exelon Corp.
5.875%
3/15/2055
2,430
2,284
5
FirstEnergy Corp.
4.850%
7/15/2047
2,450
2,040
9
FirstEnergy Pennsylvania Electric Co.
4.550%
3/15/2031
4,610
4,524
 
FirstEnergy Transmission LLC
4.550%
1/15/2030
334
329
 
FirstEnergy Transmission LLC
4.750%
1/15/2033
2,044
1,976
 
Florida Power & Light Co.
5.750%
6/1/2056
6,420
6,122
 
Georgia Power Co.
4.300%
3/15/2042
2,708
2,262
5
Georgia Power Co.
3.700%
1/30/2050
4,385
3,084
9
Hawaiian Electric Co. Inc.
6.000%
10/1/2033
1,160
1,140
 
Jersey Central Power & Light Co.
5.150%
1/15/2036
2,270
2,204
9
Liberty Utilities Co.
5.100%
5/15/2031
3,370
3,329
 
MidAmerican Energy Co.
4.800%
9/15/2043
599
518
 
MidAmerican Energy Co.
4.250%
7/15/2049
1,947
1,508
9
Narragansett Electric Co.
6.000%
5/15/2056
6,300
6,117
5,15
Network Finance Co. Pty Ltd.
2.579%
10/3/2028
1,700
1,128
 
Nevada Power Co.
5.450%
5/15/2041
2,957
2,836
 
NiSource Inc.
4.750%
5/18/2031
1,200
1,185
 
NiSource Inc.
5.300%
5/18/2036
1,210
1,183
9
NRG Energy Inc.
5.750%
7/15/2029
490
490
9
NRG Energy Inc.
6.000%
2/1/2033
3,100
3,089
9
NRG Energy Inc.
5.750%
1/15/2034
1,035
1,008
9
NRG Energy Inc.
6.000%
1/15/2036
1,295
1,267
9
NRG Energy Inc.
6.125%
5/15/2036
335
330
 
OGE Energy Corp.
5.450%
5/15/2029
648
658
 
Oncor Electric Delivery Co. LLC
3.800%
9/30/2047
3,416
2,485
 
Pacific Gas & Electric Co.
5.200%
5/1/2036
4,660
4,436
 
Pacific Gas & Electric Co.
3.950%
12/1/2047
900
633
 
Pacific Gas & Electric Co.
4.950%
7/1/2050
1,758
1,418
 
Pacific Gas & Electric Co.
3.500%
8/1/2050
800
512
 
Pacific Gas & Electric Co.
6.000%
5/1/2056
2,530
2,331
9
Pattern Energy Operations LP
4.500%
8/15/2028
2,555
2,496
 
PECO Energy Co.
4.800%
10/15/2043
2,638
2,311
 
PPL Electric Utilities Corp.
6.450%
8/15/2037
1,323
1,414
9
PSEG Power LLC
5.200%
5/15/2030
9,490
9,510
9
PSEG Power LLC
5.750%
5/15/2035
4,970
4,961
 
Public Service Co. of Colorado
3.600%
9/15/2042
1
1
 
Public Service Co. of Colorado
4.050%
9/15/2049
329
243
 
Public Service Enterprise Group Inc.
5.875%
10/15/2028
1,836
1,876
 
Public Service Enterprise Group Inc.
5.200%
4/1/2029
804
811
9
Rayburn Country Securitization LLC
2.307%
12/1/2030
302
287
 
San Diego Gas & Electric Co.
3.700%
3/15/2052
1,465
1,001
 
Southern California Edison Co.
5.650%
10/1/2028
9
9
 
Southern California Edison Co.
4.800%
3/15/2033
3,200
3,092
5
Southern California Edison Co.
3.900%
3/15/2043
2,251
1,677

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Southwestern Electric Power Co.
5.300%
4/1/2033
1,285
1,280
 
Southwestern Electric Power Co.
5.200%
4/1/2036
2,200
2,125
 
Southwestern Public Service Co.
3.700%
8/15/2047
315
226
5
Southwestern Public Service Co.
3.150%
5/1/2050
6
4
5,12
SW Finance I plc
5.750%
11/19/2030
700
913
12
SW Finance I plc
7.750%
10/31/2031
6,019
8,362
5,12
SW Finance I plc
6.875%
8/7/2032
800
1,072
5,12
SW Finance I plc
7.000%
4/16/2040
600
753
9
Talen Energy Supply LLC
6.125%
5/1/2031
270
268
9
Talen Energy Supply LLC
6.375%
5/1/2033
270
266
9
Talen Energy Supply LLC
6.250%
2/1/2034
760
745
9
Talen Energy Supply LLC
6.500%
2/1/2036
500
494
9
Trans-Allegheny Interstate Line Co.
5.000%
1/15/2031
4,600
4,587
5,12
United Utilities Water Finance plc
5.250%
1/22/2046
2,700
2,980
5,15
Victoria Power Networks Finance Pty Ltd.
2.132%
4/21/2028
600
401
5
Virginia Electric & Power Co.
6.000%
5/15/2037
7
7
 
Virginia Electric & Power Co.
5.700%
8/15/2053
2,748
2,563
9
Vistra Operations Co. LLC
4.300%
10/15/2028
8,140
8,020
9
Vistra Operations Co. LLC
7.750%
10/15/2031
160
167
9
Vistra Operations Co. LLC
6.875%
4/15/2032
1,855
1,916
9
Vistra Operations Co. LLC
5.250%
4/30/2033
9,130
8,914
 
Xcel Energy Inc.
2.600%
12/1/2029
243
226
9
XPLR Infrastructure Operating Partners LP
4.500%
9/15/2027
2,805
2,774
9
XPLR Infrastructure Operating Partners LP
7.250%
1/15/2029
450
464
9
XPLR Infrastructure Operating Partners LP
8.375%
1/15/2031
165
175
12
Yorkshire Water Finance plc
1.750%
11/26/2026
1,257
1,677
5,12
Yorkshire Water Finance plc
5.500%
4/28/2035
800
1,004
5,12
Yorkshire Water Finance plc
2.750%
4/18/2041
2,141
1,780
 
 
 
 
 
220,073
Total Corporate Bonds (Cost $2,603,031)
2,544,327
Floating Rate Loan Interests (0.4%)
8
AAdvantage Loyalty IP Ltd. First Lien Incremental Term Loan, TSFR3M +
2.750%
6.479%
5/28/2032
1,458
1,457
8
AAdvantage Loyalty IP Ltd. First Lien Term Loan, TSFR3M + 2.250%
5.979%
4/20/2028
663
663
8
ADI Global Distribution Funding LLC First Lien Term Loan B, TSFR12M +
2.750%
6.457%
6/17/2033
60
60
8
American Airlines Inc. First Lien Term Loan, TSFR6M + 2.250%
5.935%
2/15/2028
332
329
8
Asurion LLC First Lien Term Loan B-13, TSFR3M + 4.250%
8.073%
9/19/2030
1,299
1,266
8
AthenaHealth Group Inc. First Lien Fourth Amendment Term Loan,
TSFR1M + 3.250%
6.981%
2/16/2032
2,769
2,747
8,11
BASF Coatings First Lien Initial Term Loan B-2, EURIBOR12M + 4.500%
7.348%
6/29/2033
350
405
8
Bausch + Lomb Corp. First Lien Refinancing Term Loan, TSFR1M +
3.750%
7.481%
1/15/2031
2,258
2,264
8
Beach Acquisition Bidco LLC First Lien Term Loan B-1, TSFR1M +
2.750%
6.481%
9/13/2032
2,985
2,994
8
Betclic Everest Group First Lien Term Loan B, TSFR3M + 2.750%
6.482%
12/9/2031
115
115
8,11
Boluda Towage Luxembourg Sarl First Lien Term Loan B, EURIBOR12M +
2.750%
5.598%
6/30/2033
120
139
8
Boluda Towage Luxembourg Sarl First Lien Term Loan B, TSFR12M +
3.000%
6.707%
6/30/2033
90
90
8
Bond US Bidco 1 Inc. First Lien Initial Term Loan B-1, TSFR12M + 4.250%
8.061%
6/29/2033
90
90
8
Boots Group Finco LP First Lien Closing Date Term Loan, TSFR3M +
3.250%
6.920%
8/30/2032
323
324
8
Chobani LLC First Lien Closing Date Term Loan, TSFR1M + 2.250%
5.981%
10/28/2032
279
280
8
Clarios Global LP First Lien Amendment No. 7 Term Loan, TSFR1M +
2.500%
6.231%
1/28/2032
2,776
2,779
8
Clarios Global LP First Lien Term Loan, TSFR1M + 2.500%
6.231%
5/6/2030
570
571
8
Cloud Software Group LLC First Lien Incremental Term Loan B, TSFR3M
+ 3.250%
6.982%
3/21/2031
150
136
8
Discovery Global Holdings Inc. First Lien Initial Term Loan, TSFR1M +
2.500%
6.231%
6/3/2033
373
373
8
Graham Packaging Co. Inc. First Lien Initial Term Loan, TSFR1M +
2.250%
5.981%
1/26/2033
185
184
8
Gryphon Acquire NewCo LLC First Lien Term Loan, TSFR3M + 2.750%
6.414%
9/13/2032
4,628
4,634
8
Hologic Inc. First Lien Term Loan B, TSFR3M + 2.250%
5.995%
4/7/2033
1,055
1,037
8,11
LSF12 Pillar Investments Sarl First Lien Term Loan B, EURIBOR12M +
3.750%
6.682%
4/29/2033
360
416
8
Magnera Corp. First Lien Term Loan, TSFR3M + 4.250%
8.073%
11/4/2031
10
10
8
McAfee Corp. First Lien Term Loan B-1, TSFR1M + 3.000%
6.731%
3/1/2029
2,762
2,491
8
Men's Wearhouse Inc. First Lien Initial Term Loan, TSFR3M + 5.750%
9.414%
1/28/2031
26
27

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
8
OAK-Eagle Acquireco Inc. First Lien Term Loan B-1, TSFR12M + 3.500%
6.967%
3/23/2033
670
673
8,11
OAK-Eagle Acquireco Inc. First Lien Term Loan B-2, EURIBOR12M +
3.500%
5.956%
3/24/2033
495
573
8
OPAL US LLC First Lien Term Loan B-6, TSFR3M + 2.500%
6.232%
4/28/2032
3,540
3,545
8
Pioneer OpCo LLC First Lien Term Loan B, TSFR1M + 3.250%
6.999%
5/16/2033
90
90
8
Prestige Brands Inc. First Lien Delayed Draw Term Loan B, TSFR1M +
2.000%
5.731%
6/13/2033
145
145
8
Rocket Software Inc. First Lien Term Loan, TSFR1M + 3.750%
7.481%
11/28/2028
1,119
1,076
8
Sazerac Co. Inc. First Lien Term Loan B-2, TSFR1M + 2.000%
5.680%
7/9/2032
1,751
1,749
8
TK Elevator Midco GmbH First Lien Term Loan B-2, TSFR3M + 2.750%
6.480%
4/30/2030
80
80
8
TKO Worldwide Holdings LLC First Lien Term Loan B-7, TSFR3M +
1.750%
5.412%
11/21/2031
179
179
8
TransDigm Inc. First Lien Term Loan L, TSFR1M + 2.500%
6.231%
1/19/2032
15
15
8
TransDigm Inc. First Lien Term Loan N, TSFR1M + 2.500%
6.231%
2/14/2033
125
125
8
Truist Insurance Holdings LLC Second Lien Initial Term Loan, TSFR3M +
4.750%
8.482%
5/6/2032
400
384
8
Versant Media Group Inc. First Lien Initial Term Loan, TSFR3M + 3.500%
7.232%
1/30/2031
225
226
8
Worthington Steel Inc. First Lien Initial Term Loan, TSFR1M + 4.000%
7.731%
6/1/2033
595
597
Total Floating Rate Loan Interests (Cost $35,615)
35,338
Sovereign Bonds (18.8%)
5
Abu Dhabi Developmental Holding Co. PJSC
5.375%
5/8/2029
1,460
1,468
5,7,9
Abu Dhabi National Energy Co. PJSC
5.125%
8/3/2031
8,370
8,342
5
Arab Republic of Egypt
7.500%
1/31/2027
6,663
6,718
5
Arab Republic of Egypt
6.588%
2/21/2028
1,511
1,518
5
Arab Republic of Egypt
7.625%
5/29/2032
10,195
10,246
5
Arab Republic of Egypt
8.700%
3/1/2049
1,390
1,323
5
Argentine Republic
1.000%
7/9/2029
362
325
5
Argentine Republic
0.750%
7/9/2030
19,097
16,681
5
Argentine Republic
5.000%
1/9/2038
7,585
6,257
5
Argentine Republic
3.500%
7/9/2041
7,515
5,557
5
Argentine Republic
4.125%
7/9/2046
4,709
3,503
5
Baiterek National Investment Holding JSC
5.450%
5/8/2028
5,000
5,017
5
Banque Ouest Africaine de Developpement
5.000%
7/27/2027
424
422
5
Benin Government Bond
7.960%
2/13/2038
3,500
3,619
5,9
Bolivia Government Bond
9.450%
5/14/2031
6,200
6,300
5,9
Cassa Depositi e Prestiti SpA
4.375%
10/1/2030
42,687
41,791
5
Cassa Depositi e Prestiti SpA
4.375%
10/1/2030
32,908
32,216
11
City of Madrid Spain
3.360%
10/31/2035
31,900
35,613
5
Comision Federal de Electricidad
5.700%
1/24/2030
1,854
1,850
11
Comunidad Autonoma de Canarias
3.500%
4/30/2036
15,375
17,438
 
Corp. Andina de Fomento
4.625%
1/15/2036
31,194
30,085
5
Corp. Financiera de Desarrollo SA
2.400%
9/28/2027
1,306
1,270
5
Corp. Nacional del Cobre de Chile
3.625%
8/1/2027
14,039
13,836
5
Corp. Nacional del Cobre de Chile
3.000%
9/30/2029
8,588
8,046
5
Corp. Nacional del Cobre de Chile
5.950%
1/8/2034
3,789
3,827
5
Corp. Nacional del Cobre de Chile
6.330%
1/13/2035
7,616
7,838
5
Development Bank of Kazakhstan JSC
5.500%
4/15/2027
10,564
10,581
5
Dominican Republic
5.950%
1/25/2027
38,691
38,835
5
Dominican Republic
5.500%
2/22/2029
43,760
43,534
5
Dominican Republic
4.500%
1/30/2030
12,634
12,099
5
Dominican Republic
7.050%
2/3/2031
5,000
5,204
5
Dominican Republic
4.875%
9/23/2032
1,585
1,485
5
Dominican Republic
5.750%
3/17/2034
150
145
 
Ecopetrol SA
8.625%
1/19/2029
80
85
 
Ecopetrol SA
7.750%
2/1/2032
7,938
8,187
 
Ecopetrol SA
8.875%
1/13/2033
17,986
19,409
5,9
Electricite de France SA
5.700%
5/23/2028
415
422
5,9
Electricite de France SA
4.500%
9/21/2028
815
811
5
Empresa Nacional del Petroleo
5.250%
11/6/2029
906
908
16
Eskom Holdings
4.314%
7/23/2027
41,430
40,978
5,11
European Union
2.875%
10/13/2031
15,600
17,749
5,11
European Union
4.000%
10/12/2046
6,400
7,234
5,11
European Union
0.300%
11/4/2050
5,442
2,711
5,11
European Union
0.700%
7/6/2051
36,263
19,499
 
Federative Republic of Brazil
6.125%
1/22/2032
2,027
2,052
5
Hashemite Kingdom of Jordan
7.750%
1/15/2028
1,700
1,746
5
Hazine Mustesarligi Varlik Kiralama A/S
6.750%
9/1/2030
990
996
5,9
Hazine Mustesarligi Varlik Kiralama A/S
6.700%
7/2/2032
14,453
14,389
9,11
Hellenic Republic
4.125%
6/15/2054
11,750
12,587

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
5
Islamic Republic of Pakistan
6.975%
4/24/2029
3,952
3,911
5
Ivory Coast Government Bond
6.125%
6/15/2033
1,295
1,256
5
Ivory Coast Government Bond
8.075%
4/1/2036
823
877
5
Ivory Coast Government Bond
6.750%
2/25/2041
2,303
2,164
5,17
Japan
0.400%
3/20/2050
621,300
1,791
5,17
Japan
0.700%
6/20/2051
3,400,000
10,262
11
Junta de Castilla y Leon
3.330%
4/30/2034
15,442
17,572
5
Kingdom of Bahrain
7.000%
10/12/2028
2,789
2,763
5,9
Kingdom of Bahrain
7.125%
6/10/2036
2,969
2,814
5
Kingdom of Morocco
2.375%
12/15/2027
8,168
7,879
5
Kingdom of Morocco
5.950%
3/8/2028
25,390
25,672
5,11
Kingdom of Morocco
4.750%
5/26/2034
15,855
18,242
5
Kingdom of Saudi Arabia
5.875%
1/12/2056
20,643
18,936
5
Kingdom of Saudi Arabia
3.450%
2/2/2061
960
567
9,11
Kingdom of Spain
3.400%
10/31/2036
10,862
12,274
9,11
Kingdom of Spain
3.950%
10/31/2056
15,086
16,303
5
Korea National Oil Corp.
4.125%
9/30/2027
1,561
1,553
 
KSA Sukuk Ltd.
5.250%
6/4/2027
8,531
8,582
5
KSA Sukuk Ltd.
4.303%
1/19/2029
6,416
6,322
5,18
Magyar Export-Import Bank Zrt.
6.125%
12/4/2027
958
969
5,11,18
Magyar Export-Import Bank Zrt.
6.000%
5/16/2029
4,434
5,397
18
MFB Magyar Fejlesztesi Bank Zrt.
6.500%
6/29/2028
487
498
5
OCP SA
6.100%
4/30/2030
1,853
1,870
5
OCP SA
6.700%
3/1/2036
1,073
1,086
5
Oman Government Bond
5.375%
3/8/2027
25,890
25,954
5
Oman Government Bond
5.625%
1/17/2028
4,321
4,350
5
Paraguay Government Bond
4.950%
4/28/2031
34,406
34,032
5
Paraguay Government Bond
6.650%
3/4/2055
308
315
5
Perusahaan Penerbit SBSN Indonesia III
5.000%
5/25/2030
1,219
1,220
5
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.125%
5/15/2027
2,715
2,696
5
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
5.450%
5/21/2028
8,245
8,275
 
Petroleos Mexicanos
6.490%
1/23/2027
3,533
3,555
 
Petroleos Mexicanos
6.500%
3/13/2027
5,506
5,561
 
Petroleos Mexicanos
5.350%
2/12/2028
7,340
7,309
 
Petroleos Mexicanos
6.500%
1/23/2029
12,014
12,194
 
Petroleos Mexicanos
8.750%
6/2/2029
40,353
42,910
 
Petroleos Mexicanos
6.840%
1/23/2030
5,315
5,398
 
Petroleos Mexicanos
6.750%
9/21/2047
1,010
828
 
Petroleos Mexicanos
6.350%
2/12/2048
594
468
5,9
Provincia de Neuquen Argentina
7.350%
8/25/2034
8,510
8,384
5
Qatar Energy
4.625%
6/23/2029
32,713
32,320
5
Republic of Azerbaijan
5.125%
9/1/2029
1,988
2,003
5,11
Republic of Bulgaria
4.125%
5/7/2038
5,344
6,002
5,11
Republic of Chile
0.100%
1/26/2027
146
166
5
Republic of Chile
2.450%
1/31/2031
5,719
5,125
5
Republic of Chile
4.350%
4/13/2031
269
261
5,11
Republic of Chile
3.875%
7/9/2031
15,000
17,318
5,7,11
Republic of Chile
4.000%
8/3/2034
9,658
11,004
 
Republic of Costa Rica
7.300%
11/13/2054
473
512
5,11
Republic of Cyprus
3.250%
6/27/2031
2,746
3,167
5,11
Republic of Cyprus
3.250%
1/28/2036
23,760
26,544
5
Republic of Ecuador
0.000%
7/31/2030
17,380
14,740
5
Republic of Ecuador
6.900%
7/31/2035
10,926
9,848
5
Republic of Ecuador
5.500%
7/31/2040
2,709
2,190
5
Republic of El Salvador
8.625%
2/28/2029
1,227
1,292
5
Republic of El Salvador
9.250%
4/17/2030
10,938
11,713
5,9
Republic of Finland
4.500%
6/3/2036
15,752
15,373
5
Republic of Ghana
5.000%
7/3/2029
5,696
5,577
5
Republic of Guatemala
4.375%
6/5/2027
4,000
3,970
5
Republic of Guatemala
4.875%
2/13/2028
5,275
5,235
5
Republic of Guatemala
5.250%
8/10/2029
6,914
6,869
5
Republic of Guatemala
4.900%
6/1/2030
6,046
5,933
5
Republic of Honduras
8.625%
11/27/2034
792
904
5
Republic of Hungary
6.125%
5/22/2028
6,011
6,126
5
Republic of Hungary
5.375%
9/26/2030
13,062
13,148
5,11
Republic of Hungary
4.250%
5/26/2033
6,490
7,545
5,11
Republic of Hungary
5.375%
9/12/2033
11,087
13,745
5,11
Republic of Hungary
4.875%
3/25/2038
650
761
5
Republic of Hungary
6.750%
9/23/2055
4,281
4,414
11
Republic of Iceland
2.625%
5/27/2030
21,077
23,714

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
11
Republic of Iceland
3.250%
5/27/2031
9,776
11,211
5
Republic of Indonesia
5.250%
1/15/2030
25,577
25,709
5
Republic of Indonesia
5.030%
5/29/2031
13,900
13,813
11
Republic of Indonesia
1.100%
3/12/2033
732
680
5,11
Republic of Indonesia
4.500%
5/29/2033
6,370
7,295
11
Republic of Indonesia
4.100%
3/4/2034
2,704
2,994
5
Republic of Indonesia
5.690%
5/29/2036
2,800
2,790
5,9,11
Republic of Italy
4.650%
10/1/2055
13,277
15,089
5,9
Republic of Italy
6.000%
7/14/2056
23,053
22,066
5
Republic of Kenya
7.875%
2/26/2034
4,890
4,724
5
Republic of Kenya
9.500%
3/5/2036
917
948
11
Republic of Korea
0.000%
10/15/2026
444
509
5,11
Republic of Lithuania
3.625%
3/10/2036
9,266
10,452
5
Republic of Panama
2.252%
9/29/2032
3,386
2,797
5
Republic of Panama
5.227%
2/23/2034
2,168
2,094
5
Republic of Peru
2.783%
1/23/2031
2,314
2,118
 
Republic of Peru
8.750%
11/21/2033
2,495
2,979
9,19
Republic of Peru
6.850%
8/12/2035
7,186
2,224
9,19
Republic of Peru
7.600%
8/12/2039
5,988
1,890
19
Republic of Peru
5.350%
8/12/2040
4,790
1,230
5
Republic of Poland
6.125%
4/14/2056
4,030
3,877
5,11
Republic of Romania
5.875%
7/11/2032
280
334
5,11
Republic of Romania
4.625%
3/4/2033
391
431
5,11
Republic of Romania
5.375%
6/7/2033
580
665
5
Republic of Romania
6.375%
1/30/2034
988
988
5,9
Republic of Romania
5.750%
7/4/2036
5,924
5,582
5,11
Republic of Romania
3.375%
1/28/2050
4,349
3,143
5
Republic of South Africa
4.850%
9/27/2027
4,795
4,792
5
Republic of South Africa
4.850%
9/30/2029
1,837
1,813
5,20
Republic of South Africa
6.250%
3/31/2036
237,985
12,069
5
Republic of Sri Lanka
3.100%
1/15/2030
580
589
5
Republic of Sri Lanka
3.350%
3/15/2033
270
256
5
Republic of Sri Lanka
3.600%
2/15/2038
483
487
 
Republic of the Philippines
5.325%
6/24/2036
9,000
8,812
5,9
Republic of Trinidad & Tobago
6.500%
1/28/2036
5,441
5,494
 
Republic of Turkiye
6.375%
5/22/2031
20,491
20,105
5
Republic of Turkiye
7.125%
2/12/2032
5,449
5,480
 
Republic of Turkiye
6.300%
3/14/2033
27,590
26,477
5
Republic of Uzbekistan International Bond
7.850%
10/12/2028
2,653
2,781
5,11
Republic of Uzbekistan International Bond
5.100%
2/25/2029
8,160
9,542
5
Republic of Zambia
5.750%
6/30/2033
8,545
8,353
5
Saudi Arabian Oil Co.
3.500%
4/16/2029
2,112
2,029
5
Saudi Arabian Oil Co.
4.375%
2/2/2031
4,079
3,936
5,11
Serbia International Bond
1.500%
6/26/2029
1,877
2,003
5
Serbia International Bond
2.125%
12/1/2030
2,500
2,171
 
Sharjah Sukuk Program Ltd.
2.942%
6/10/2027
8,477
8,313
11
Slovakia Government Bond
3.750%
2/27/2040
17,414
19,272
11
Slovakia Government Bond
4.125%
2/19/2046
13,190
14,648
5
State of Israel
5.375%
3/12/2029
3,604
3,622
5
State of Israel
5.375%
2/19/2030
2,089
2,100
5
State of Israel
4.500%
1/13/2031
7,749
7,513
 
State Oil Co. of the Azerbaijan Republic
6.570%
7/7/2056
16,100
15,962
11
Treasury Corp. of Victoria
3.625%
9/29/2040
6,890
7,655
5,9
Turkiye Ihracat Kredi Bankasi A/S
6.125%
5/2/2029
1,960
1,930
5
Ukraine Government Bond
4.000%
2/1/2032
4,117
3,417
5
Ukraine Government Bond
4.500%
2/1/2034
5,589
3,890
5
Ukraine Government Bond
0.000%
2/1/2036
688
410
5,12
United Kingdom Gilt Inflation Linked
1.750%
9/22/2038
5,217
6,750
5
United Mexican States
4.750%
4/27/2032
2,952
2,807
5
United Mexican States
5.850%
7/2/2032
42,908
43,006
5
United Mexican States
5.375%
3/22/2033
5,924
5,719
5,21
United Mexican States
7.750%
11/23/2034
781,800
41,692
5
United Mexican States
3.771%
5/24/2061
279
158
5,9
Uzbekneftegaz JSC
8.750%
5/7/2030
21,850
23,285
11
Xunta de Galicia
3.290%
4/30/2033
10,656
12,212
Total Sovereign Bonds (Cost $1,632,333)
1,613,462
Taxable Municipal Bonds (0.6%)
 
American Municipal Power Ohio Inc. Revenue (Hydroelectric Projects)
6.270%
2/15/2050
2,905
2,897

 
 
 
Coupon
Maturity
Date
Face
Amount
($000)
Market
Value
($000)
 
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay
Area)
6.263%
4/1/2049
2,650
2,695
 
California GO
7.300%
10/1/2039
4,400
4,892
 
California State University Systemwide Revenue
2.975%
11/1/2051
3,580
2,295
 
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue
6.899%
12/1/2040
5,821
6,358
 
Dallas TX Area Rapid Transit Sales Tax Revenue
2.613%
12/1/2048
5,065
3,319
 
Duke University NC Revenue
5.850%
4/1/2037
7,505
7,837
 
Golden State Tobacco Securitization Corp. California Revenue
4.214%
6/1/2050
6,655
4,513
 
New York State Dormitory Authority Revenue (Personal Income Tax)
5.628%
3/15/2039
3,255
3,258
 
New York Transportation Development Corp. Lease Revenue
(Nanotechnology Facilities Project)
4.248%
9/1/2035
120
117
 
North Texas Tollway Authority System Revenue
6.718%
1/1/2049
2,549
2,705
 
Ohio State University General Receipts Revenue
4.800%
6/1/2111
2,051
1,622
 
Rutgers State University New Jersey GO
3.915%
5/1/2119
8,660
5,393
 
University of California Regents Medical Center Pooled Revenue
6.548%
5/15/2048
1,705
1,744
 
University of Texas Financing System Revenue
4.794%
8/15/2046
2,270
2,114
 
University of Virginia Revenue
2.256%
9/1/2050
3,890
2,137
Total Taxable Municipal Bonds (Cost $56,615)
53,896
 
 
 
 
 
Shares
Temporary Cash Investments (0.8%)
Money Market Fund (0.8%)
22
Vanguard Market Liquidity Fund (Cost $70,562)
3.718%
 
705,691
70,562
 
 
Expiration
Date
Contracts
Exercise
Price
Notional
Amount
($000)
Options Purchased (0.1%)
Exchange-Traded Options (0.0%)
Call Options
 
1-Year Mid-Curve on 3-Month SOFR Futures Contracts
8/14/2026
315
$96.13
75,702
6
 
5-Year U.S. Treasury Note Futures Contracts
8/21/2026
96
106.00
10,176
37
 
5-Year U.S. Treasury Note Futures Contracts
8/21/2026
192
106.50
20,448
31
 
10-Year U.S. Treasury Note Futures Contracts
8/21/2026
73
109.00
7,957
14
 
10-Year U.S. Treasury Note Futures Contracts
10/23/2026
96
109.00
10,464
55
 
 
 
 
 
143
Put Options
 
5-Year U.S. Treasury Note Futures Contracts
8/21/2026
96
106.00
10,176
39
 
5-Year U.S. Treasury Note Futures Contracts
8/21/2026
192
106.50
20,448
132
 
5-Year U.S. Treasury Note Futures Contracts
11/20/2026
203
104.25
21,163
73
 
10-Year U.S. Treasury Note Futures Contracts
8/21/2026
73
109.00
7,957
87
 
Long U.S. Treasury Bond Futures Contracts
8/7/2026
67
109.00
7,303
71
 
 
 
 
 
402
 
 
Counterparty
Expiration
Date
Exercise
Rate
Notional
Amount
on
Underlying
Swap
($000)
Over-the-Counter Swaptions (0.1%)
Call Swaptions
 
2-Year Interest Rate Swap, Pays SOFR Annually,
Receives 2.500% Annually
BANA
3/10/2028
2.500%
71,390
110
 
2-Year Interest Rate Swap, Pays SOFR Annually,
Receives 3.910% Annually
JPMC
6/24/2027
3.910%
48,530
247
 
10-Year Interest Rate Swap, Pays SOFR Annually,
Receives 3.350% Annually
NGFP
10/16/2030
3.350%
45,900
952
 
10-Year Interest Rate Swap, Pays SOFR Annually,
Receives 4.048% Annually
BANA
1/29/2027
4.048%
106,380
925
 
30-Year Interest Rate Swap, Pays SOFR Annually,
Receives 4.338% Annually
BMO
7/14/2027
4.338%
12,690
463
 
 
 
 
 
2,697

 
 
Counterparty
Expiration
Date
Exercise
Rate
Notional
Amount
on
Underlying
Swap
($000)
Market
Value
($000)
Put Swaptions
 
2-Year Interest Rate Swap, Receives SOFR Annually,
Pays 3.450% Annually
JPMC
2/5/2027
3.450%
45,700
685
 
2-Year Interest Rate Swap, Receives SOFR Annually,
Pays 3.500% Annually
WFB
1/21/2027
3.500%
46,290
651
 
2-Year Interest Rate Swap, Receives SOFR Annually,
Pays 3.600% Annually
JPMC
1/20/2028
3.600%
48,880
711
 
2-Year Interest Rate Swap, Receives SOFR Annually,
Pays 3.910% Annually
JPMC
6/24/2027
3.910%
48,530
468
 
2-Year Interest Rate Swap, Receives SOFR Annually,
Pays 4.110% Annually
MSBNA
8/31/2026
4.110%
44,840
108
 
10-Year Interest Rate Swap, Receives SOFR Annually,
Pays 4.856% Annually
BARC
5/22/2028
4.856%
17,390
399

 
 
Counterparty
Expiration
Date
Exercise
Rate
Notional
Amount
on
Underlying
Swap
($000)
Market
Value
($000)
 
30-Year Interest Rate Swap, Receives SOFR Annually,
Pays 4.338% Annually
BMO
7/14/2027
4.338%
12,690
804
 
 
 
 
 
3,826
Total Options Purchased (Cost $6,509)
7,068
Total Investments (99.6%) (Cost $8,687,644)
8,551,456
Other Assets and Liabilities—Net (0.4%)
31,819
Net Assets (100%)
8,583,275
 
Cost is in $000.
 
1
Securities with a value of $523 have been segregated as collateral for open forward currency contracts and over-the-counter swap contracts.
2
Securities with a value of $39,804 have been segregated as initial margin for open futures contracts.
3
Securities with a value of $24,046 have been segregated as initial margin for open centrally cleared swap contracts.
4
Securities with a value of $521 have been segregated as collateral for certain open To Be Announced (TBA) transactions.
5
The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the
issue being called.
6
The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency
and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
7
Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of July 31, 2026.
8
Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are
determined by the issuer or agent based on current market conditions.
9
Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to
qualified institutional buyers. At July 31, 2026, the aggregate value was $2,009,154, representing 23.4% of net assets.
10
Security value determined using significant unobservable inputs.
11
Face amount denominated in euro.
12
Face amount denominated in British pounds.
13
Face amount denominated in Canadian dollars.
14
Payment-in-kind (PIK) security which may pay interest as additional principal.
15
Face amount denominated in Australian dollars.
16
Guaranteed by the Republic of South Africa.
17
Face amount denominated in Japanese yen.
18
Guaranteed by the Republic of Hungary.
19
Face amount denominated in Peruvian sol.
20
Face amount denominated in South African rand.
21
Face amount denominated in Mexican pesos.
22
Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
 
 
1YR—1-year.
 
3M—3-month.
 
ARM—Adjustable Rate Mortgage.
 
BANA—Bank of America, N.A.
 
BARC—Barclays Bank plc.
 
BMO—Bank of Montreal.
 
CDO—Collateralized Debt Obligation.
 
CLO—Collateralized Loan Obligation.
 
CMT—Constant Maturing Treasury Rate.
 
DAC—Designated Activity Company.
 
EURIBOR12M—Euro Interbank Offered Rate 12-Month.
 
GO—General Obligation Bond.
 
JPMC—JPMorgan Chase Bank, N.A.
 
MSBNA—Morgan Stanley Bank, N.A.
 
NGFP—Normura Global Financial Products Inc.
 
REIT—Real Estate Investment Trust.
 
REMICS—Real Estate Mortgage Investment Conduits.
 
RFUCCT1Y—Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year.
 
SOFR—Secured Overnight Financing Rate.
 
SOFR30A—30 Day Average Secured Overnight Financing Rate.
 
TSFR12M—CME Term Secured Overnight Financing Rate 12-Month.
 
TSFR1M—CME Term Secured Overnight Financing Rate 1-Month.
 
TSFR3M—CME Term Secured Overnight Financing Rate 3-Month.
 
TSFR6M—CME Term Secured Overnight Financing Rate 6-Month.
 
UMBS—Uniform Mortgage-Backed Securities.
 
WFB—Wells Fargo Bank N.A.


Derivative Financial Instruments Outstanding as of Period End
 
Options Written
 
 
Expiration
Date
Contracts
Exercise
Price
Notional
Amount
($000)
Market
Value
($000)
Exchange-Traded Options
Call Options
2-Year Mid-Curve on 3-Month SOFR Futures Contracts
8/14/2026
(315
)
$96.31
(75,844
)
(2
)
10-Year U.S. Treasury Note Futures Contracts
10/23/2026
(96
)
111.00
(10,656
)
(16
)
 
(18
)
Put Options
5-Year U.S. Treasury Note Futures Contracts
11/20/2026
(102
)
106.00
(10,812
)
(95
)
Long U.S. Treasury Bond Futures Contracts
8/7/2026
(67
)
107.50
(7,203
)
(31
)
 
(126
)
 
 
Counterparty
Expiration
Date
Exercise
Rate
Notional
Amount on
Underlying
Swap
($000)
Market
Value
($000)
Over-the-Counter Swaptions
Call Swaptions
2-Year Interest Rate Swap, Receives SOFR Annually, Pays 1.500% Annually
BANA
3/10/2028
1.500%
114,224
(50
)
2-Year Interest Rate Swap, Receives SOFR Annually, Pays 2.910% Annually
JPMC
6/24/2027
2.910%
82,500
(97
)
10-Year Interest Rate Swap, Receives SOFR Annually, Pays 3.608% Annually
NGFP
10/16/2035
3.608%
38,700
(1,564
)
10-Year Interest Rate Swap, Receives SOFR Annually, Pays 4.200% Annually
BMO
7/14/2027
4.200%
24,370
(498
)
 
(2,209
)
Put Swaptions
2-Year Interest Rate Swap, Pays SOFR Annually, Receives 3.750% Annually
JPMC
2/5/2027
3.750%
91,400
(947
)
2-Year Interest Rate Swap, Pays SOFR Annually, Receives 3.750% Annually
WFB
1/21/2027
3.750%
92,580
(943
)
2-Year Interest Rate Swap, Pays SOFR Annually, Receives 3.850% Annually
JPMC
1/20/2028
3.850%
48,880
(564
)
2-Year Interest Rate Swap, Pays SOFR Annually, Receives 4.100% Annually
JPMC
1/20/2028
4.100%
48,880
(439
)
2-Year Interest Rate Swap, Pays SOFR Annually, Receives 4.910% Annually
JPMC
6/24/2027
4.910%
82,500
(208
)
5-Year Interest Rate Swap, Pays SOFR Annually, Receives 4.110% Annually
MSBNA
8/31/2026
4.110%
19,140
(107
)
10-Year Interest Rate Swap, Pays SOFR Annually, Receives 4.200% Annually
BMO
7/14/2027
4.200%
24,370
(798
)
10-Year Interest Rate Swap, Pays SOFR Annually, Receives 4.648% Annually
BANA
1/29/2027
4.648%
106,380
(1,024
)
10-Year Interest Rate Swap, Pays SOFR Annually, Receives 5.327% Annually
BARC
5/21/2036
5.327%
17,390
(1,207
)
 
(6,237
)
 
(8,446
)
Total Options Written (Premiums Received $7,116)
(8,590
)
 
BANA—Bank of America, N.A.
BARC—Barclays Bank plc.
BMO—Bank of Montreal.
JPMC—JPMorgan Chase Bank, N.A.
MSBNA—Morgan Stanley Bank, N.A.
NGFP—Normura Global Financial Products Inc.
WFB—Wells Fargo Bank N.A.

 
Futures Contracts
 
 
 
($000)
 
Expiration
Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
2-Year U.S. Treasury Note
September 2026
3,300
678,511
(1,357
)
5-Year U.S. Treasury Note
September 2026
5,133
543,978
(3,864
)
10-Year U.S. Treasury Note
September 2026
1,977
213,516
(929
)
Long U.S. Treasury Bond
September 2026
1,335
144,597
(4,969
)
Ultra Long U.S. Treasury Bond
September 2026
1,442
158,170
(7,366
)
 
(18,485
)
 
Short Futures Contracts
10-Year Government of Canada Bond
September 2026
(384
)
(32,537
)
305
10-Year Japanese Government Bond
September 2026
(137
)
(109,416
)
251
Euro-Bobl
September 2026
(1,119
)
(146,896
)
970
Euro-BTP
September 2026
(988
)
(132,411
)
1,354
Euro-Buxl
September 2026
(836
)
(102,014
)
1,883
Euro-OAT
September 2026
(587
)
(79,285
)
1,243
Euro-Schatz
September 2026
(851
)
(103,486
)
173
Long Gilt
September 2026
(204
)
(23,780
)
221
Ultra 10-Year U.S. Treasury Note
September 2026
(155
)
(17,004
)
132
 
6,532
 
(11,953
)
 
Forward Currency Contracts
 
Contract
Settlement
Date
Contract Amount (000)
Unrealized
Appreciation
($000)
Unrealized
(Depreciation)
($000)
Counterparty
 
Receive
 
Deliver
Toronto-Dominion Bank
9/16/2026
AUD
948
USD
667
—
—
State Street Bank & Trust Co.
9/16/2026
EUR
79,763
USD
91,460
681
—
Wells Fargo Bank N.A.
9/16/2026
EUR
29,700
USD
34,022
286
—
HSBC Bank plc
9/16/2026
EUR
10,340
USD
11,826
119
—
State Street Bank & Trust Co.
9/17/2026
EUR
8,595
USD
10,000
—
(71
)
State Street Bank & Trust Co.
9/16/2026
EUR
7,406
USD
8,588
—
(33
)
Royal Bank of Canada
9/17/2026
EUR
4,413
USD
5,040
58
—
Royal Bank of Canada
9/16/2026
EUR
4,035
USD
4,613
48
—
JPMorgan Chase Bank, N.A.
9/16/2026
EUR
1,452
USD
1,680
—
(3
)
JPMorgan Chase Bank, N.A.
9/16/2026
EUR
985
USD
1,130
9
—
Wells Fargo Bank N.A.
9/16/2026
GBP
8,948
USD
12,019
41
—
Bank of Montreal
9/16/2026
GBP
8,441
USD
11,171
204
—
UBS AG
9/17/2026
MXN
644
USD
37
—
—
State Street Bank & Trust Co.
9/16/2026
USD
11,407
AUD
16,274
—
(35
)
State Street Bank & Trust Co.
9/16/2026
USD
3,325
CAD
4,639
10
—
Toronto-Dominion Bank
9/16/2026
USD
499
CAD
691
5
—
State Street Bank & Trust Co.
9/16/2026
USD
72
CAD
102
—
—
State Street Bank & Trust Co.
9/16/2026
USD
2,520
CZK
52,570
16
—
State Street Bank & Trust Co.
9/16/2026
EUR
502
CZK
12,186
—
—
Wells Fargo Bank N.A.
9/16/2026
USD
569,139
EUR
491,274
1,631
—
Wells Fargo Bank N.A.
9/16/2026
USD
43,824
EUR
38,247
—
(359
)
Royal Bank of Canada
9/16/2026
USD
19,210
EUR
16,841
—
(244
)
HSBC Bank plc
9/16/2026
USD
14,554
EUR
12,584
17
—

Forward Currency Contracts (continued)
 
Contract
Settlement
Date
Contract Amount (000)
Unrealized
Appreciation
($000)
Unrealized
(Depreciation)
($000)
Counterparty
 
Receive
 
Deliver
Royal Bank of Canada
9/16/2026
USD
13,950
EUR
11,981
110
—
State Street Bank & Trust Co.
9/16/2026
USD
13,448
EUR
11,686
—
(51
)
JPMorgan Chase Bank, N.A.
9/16/2026
USD
11,099
EUR
9,739
—
(152
)
JPMorgan Chase Bank, N.A.
9/16/2026
USD
10,038
EUR
8,627
73
—
State Street Bank & Trust Co.
9/16/2026
USD
4,823
EUR
4,163
14
—
Toronto-Dominion Bank
9/17/2026
USD
2,482
EUR
2,172
—
(29
)
State Street Bank & Trust Co.
9/17/2026
USD
1,009
EUR
867
7
—
Toronto-Dominion Bank
9/16/2026
USD
414
EUR
363
—
(5
)
State Street Bank & Trust Co.
9/17/2026
USD
343
EUR
300
—
(4
)
State Street Bank & Trust Co.
9/16/2026
USD
39,437
GBP
29,450
—
(252
)
Wells Fargo Bank N.A.
9/16/2026
USD
25,645
GBP
19,188
—
(214
)
Royal Bank of Canada
9/16/2026
USD
7,583
GBP
5,662
—
(48
)
Toronto-Dominion Bank
9/16/2026
USD
722
GBP
535
—
—
JPMorgan Chase Bank, N.A.
9/16/2026
USD
372
GBP
279
—
(4
)
Bank of Montreal
9/16/2026
USD
122
HUF
37,663
3
—
Wells Fargo Bank N.A.
9/16/2026
USD
16,794
JPY
2,665,312
—
(16
)
Wells Fargo Bank N.A.
9/17/2026
USD
41,728
MXN
731,614
—
(353
)
Toronto-Dominion Bank
9/17/2026
USD
15,390
MXN
267,011
31
—
State Street Bank & Trust Co.
9/17/2026
USD
621
MXN
10,756
2
—
HSBC Bank plc
9/17/2026
USD
193
MXN
3,338
1
—
Wells Fargo Bank N.A.
9/17/2026
USD
116
MXN
2,014
—
—
State Street Bank & Trust Co.
9/17/2026
USD
56
MXN
974
—
—
Wells Fargo Bank N.A.
9/16/2026
USD
5,145
PEN
17,820
—
(90
)
Royal Bank of Canada
9/16/2026
USD
1,558
PLN
5,701
32
—
HSBC Bank plc
9/16/2026
AUD
234
PLN
607
2
—
State Street Bank & Trust Co.
9/16/2026
USD
12,410
ZAR
207,310
—
(95
)
 
3,400
(2,058
)
 
AUD—Australian dollar.
CAD—Canadian dollar.
CZK—Czech koruna.
EUR—euro.
GBP—British pound.
HUF—Hungarian forint.
JPY—Japanese yen.
MXN—Mexican peso.
PEN—Peruvian sol.
PLN—Polish zloty.
USD—U.S. dollar.
ZAR—South African rand.

 
Centrally Cleared Credit Default Swaps
Reference Entity
Termination
Date
 
Notional
Amount
($000)
Periodic
Premium
Received
(Paid)1
(%)
Value
($000)
Unrealized
Appreciation
(Depreciation)
($000)
Credit Protection Sold
Republic of Indonesia
6/20/2031
USD
15,845
1.000
63
49
Republic of the Philippines
6/20/2031
USD
11,212
1.000
168
37
Republic of Turkiye
6/20/2031
USD
12,686
1.000
(710
)
265
 
351
 
Credit Protection Purchased
CDX-NA-IG-S46-V1
6/20/2031
USD
409,640
(1.000
)
(8,933
)
(645
)
Republic of Colombia
6/20/2031
USD
8,467
(1.000
)
157
(274
)
 
(919
)
 
(568
)
 
1Periodic premium received/(paid) quarterly.
USD—U.S. dollar.
 
Over-the-Counter Credit Default Swaps
Reference
Entity
Termination
Date
Counterparty
Notional
Amount
($000)
Periodic
Premium
Received
(Paid)1
(%)
Value
($000)
Remaining
Up-Front
Premium
Paid
(Received)
($000)
Unrealized
Appreciation
($000)
Unrealized
(Depreciation)
($000)
Credit Protection Sold/Moody's Rating
Republic of Turkiye/Ba3
6/20/2027
BANA
6,920
1.000
12
(73
)
85
—
Credit Protection Purchased
Telefonica Europe BV
12/20/2030
MSBNA
4,300
2
(1.000
)
(89
)
(72
)
—
(17
)
 
 
(77
)
(145
)
85
(17
)
 
1Periodic premium received/(paid) quarterly.
2Notional amount denominated in euro.
BANA—Bank of America, N.A.
MSBNA—Morgan Stanley Bank, N.A.
The notional amount represents the maximum potential amount the fund could be required to pay as a seller of credit protection if the reference entity was subject to a credit event.
At July 31, 2026, the counterparties had deposited in segregated accounts securities with a value of $2,397 in connection with open forward currency contracts and over-the-counter swap contracts. 
Centrally Cleared Interest Rate Swaps
Termination Date
Future
Effective
Date
Notional
Amount
(000)
Interest
Rate
Received
(%)
Interest
Rate
(Paid)
(%)
Value
($000)
Unrealized
Appreciation
(Depreciation)
($000)
4/29/2027
N/A
20,319
1
0.000
2
(3.455
)3
(29
)
(29
)
4/30/2027
N/A
40,639
1
0.000
2
(3.480
)3
(69
)
(69
)
4/30/2027
N/A
20,319
1
0.000
2
(3.535
)3
(45
)
(45
)
5/5/2027
N/A
30,479
1
0.000
2
(3.425
)3
(59
)
(59
)
5/5/2027
N/A
20,319
1
0.000
2
(3.424
)3
(39
)
(39
)
5/6/2027
N/A
20,319
1
0.000
2
(3.412
)3
(41
)
(41
)
5/8/2027
N/A
21,335
1
0.000
2
(3.282
)3
(24
)
(24
)
5/8/2027
N/A
20,319
1
0.000
2
(3.300
)3
(27
)
(27
)
5/8/2027
N/A
20,319
1
0.000
2
(3.294
)3
(25
)
(25
)
6/15/2027
N/A
170,000
1
3.935
4
(3.660
)5
(102
)
(121
)
5/3/2028
N/A
1,248,170
6
6.500
7
(7.355
)8
(385
)
(385
)

Centrally Cleared Interest Rate Swaps (continued)
Termination Date
Future
Effective
Date
Notional
Amount
(000)
Interest
Rate
Received
(%)
Interest
Rate
(Paid)
(%)
Value
($000)
Unrealized
Appreciation
(Depreciation)
($000)
5/8/2028
N/A
1,248,170
6
7.167
8
(6.512
)7
186
186
6/15/2028
N/A
90,000
1
3.660
5
(4.012
)4
144
185
6/16/2028
6/16/2027
9
88,514,270
10
0.000
11
(4.910
)3
91
91
6/30/2028
10/5/2026
9
101,200
1
0.000
5
(4.012
)4
236
236
10/8/2028
10/8/2026
9
17,874,900
12
0.000
13
(1.546
)4
313
313
1/2/2029
N/A
113,672
14
12.804
3
(14.150
)15
(897
)
(896
)
1/2/2029
N/A
72,509
14
14.171
3
(14.150
)15
42
42
1/2/2029
N/A
56,709
14
14.150
15
(14.175
)3
(34
)
(34
)
6/10/2029
N/A
60,000
1
3.994
4
(3.660
)5
(183
)
(183
)
6/10/2029
N/A
5,145
1
3.660
5
(4.005
)4
14
14
6/10/2029
N/A
5,145
1
3.660
5
(4.000
)4
15
15
6/10/2029
N/A
5,145
1
3.660
5
(3.988
)4
16
16
6/12/2029
N/A
10,290
1
3.660
5
(3.975
)4
37
37
9/19/2029
9/16/2026
9
105,570
16
2.940
17
(0.000
)18
(167
)
(173
)
9/18/2030
N/A
1,000,000
19
3.589
4
(3.590
)20
(744
)
(728
)
11/30/2030
10/5/2026
9
101,500
1
0.000
5
(3.896
)4
937
925
11/30/2030
10/5/2026
9
22,700
1
0.000
5
(3.895
)4
211
211
4/24/2031
N/A
115,520
21
7.000
22
(7.508
)23
49
49
4/28/2031
N/A
35,850
24
3.900
25
(4.425
)4
(31
)
(31
)
4/29/2031
N/A
209,650
21
6.992
22
(7.705
)23
(9
)
(9
)
4/30/2031
N/A
390,052
6
6.500
7
(7.975
)8
(204
)
(204
)
5/1/2031
N/A
184,728
6
6.500
7
(7.945
)8
(84
)
(84
)
6/5/2031
N/A
24,846,110
10
4.440
26
(5.005
)17
174
174
6/10/2031
N/A
38,000
1
3.660
5
(3.991
)4
224
224
6/29/2031
6/29/2029
9
85,500
1
3.795
4
(0.000
)5
(525
)
(525
)
9/17/2031
9/16/2026
9
40,110
27
2.690
4
(0.000
)28
(272
)
(250
)
4/2/2032
4/2/2027
9
21,350
1
3.650
4
(0.000
)5
(495
)
(495
)
5/31/2033
9/30/2026
9
30,500
1
3.956
4
(0.000
)5
(422
)
(422
)
5/31/2033
9/30/2026
9
29,600
1
4.020
4
(0.000
)5
(300
)
(300
)
5/31/2033
9/30/2026
9
28,000
1
4.050
4
(0.000
)5
(236
)
(236
)
7/13/2033
7/13/2031
9
5,507
1
4.160
4
(0.000
)5
(16
)
(16
)
7/29/2033
7/29/2031
9
11,029
1
4.244
4
(0.000
)5
(18
)
(18
)
9/19/2035
N/A
68,920
24
3.820
25
(4.400
)4
(65
)
(56
)
2/15/2036
9/30/2026
9
60,500
1
0.000
5
(4.073
)4
982
991
2/15/2036
9/30/2026
9
11,600
1
4.227
4
(0.000
)5
(51
)
(51
)
2/15/2036
9/30/2026
9
11,300
1
0.000
5
(4.048
)4
205
205
4/28/2036
N/A
340,120
6
6.512
7
(8.180
)8
98
98
6/30/2036
6/30/2031
9
77,900
1
0.000
5
(4.091
)4
1,094
1,094
7/13/2036
7/13/2033
9
8,118
1
0.000
5
(4.385
)4
33
33
7/29/2036
7/29/2033
9
16,288
1
0.000
5
(4.449
)4
45
45
2/2/2037
2/2/2027
9
58,690
1
0.000
5
(4.348
)4
—
—
2/2/2037
2/2/2027
9
29,345
1
4.344
4
(0.000
)5
—
—
4/2/2037
4/2/2027
9
11,790
1
0.000
5
(3.924
)4
392
392
10/18/2040
10/18/2030
9
18,400
1
0.000
5
(4.100
)4
638
638
1/22/2041
1/22/2031
9
3,240
1
4.517
4
(0.000
)5
(26
)
(26
)
5/27/2041
5/27/2031
9
2,800
1
4.588
4
(0.000
)5
(14
)
(14
)
7/9/2041
7/9/2036
9
15,000
1
0.000
5
(4.703
)4
94
94
7/10/2041
7/10/2036
9
15,000
1
0.000
5
(4.710
)4
91
91
7/13/2041
7/13/2036
9
2,863
1
4.711
4
(0.000
)5
(17
)
(17
)
7/29/2041
7/29/2036
9
5,766
1
4.758
4
(0.000
)5
(27
)
(27
)

Centrally Cleared Interest Rate Swaps (continued)
Termination Date
Future
Effective
Date
Notional
Amount
(000)
Interest
Rate
Received
(%)
Interest
Rate
(Paid)
(%)
Value
($000)
Unrealized
Appreciation
(Depreciation)
($000)
5/15/2044
9/30/2026
9
15,500
1
4.444
4
(0.000
)5
(145
)
(145
)
10/18/2045
10/18/2035
9
20,400
1
4.358
4
(0.000
)5
(596
)
(596
)
1/22/2046
1/22/2036
9
3,990
1
0.000
5
(4.781
)4
27
27
6/25/2046
6/25/2036
9
26,230
1
4.470
4
(0.000
)5
(606
)
(606
)
7/9/2046
7/9/2041
9
17,500
1
4.691
4
(0.000
)5
(88
)
(88
)
7/9/2046
N/A
5,956
27
2.184
28
(3.094
)4
147
147
7/10/2046
7/10/2041
9
17,500
1
4.698
4
(0.000
)5
(85
)
(85
)
7/20/2056
N/A
1,650
1
3.660
5
(4.235
)4
70
70
 
(597
)
(536
)
 
1Notional amount denominated in U.S. dollar.
2Zero-coupon. Based on the return of US Consumer Price Index for All Urban Consumers (USCPIU). Interest payment received/(paid) at maturity.
3Interest payment received/(paid) at maturity.
4Interest payment received/(paid) annually.
5Based on Secured Overnight Financing Rate (SOFR) as of the most recent reset date. Interest payment received/(paid) annually.
6Notional amount denominated in Mexican pesos.
7Based on Mexican Interbank Equilibrium Interest Rate Overnight Index Swap (TIIEOIS) as of the most recent reset date. Interest payment received/(paid) every 28 days.
8Interest payment received/(paid) every 28 days.
9Forward interest rate swap. In a forward interest rate swap, the fund and the counterparty agree to make periodic net payments beginning on a specified future effective
date.
10Notional amount denominated in Chilean peso.
11Based on Sinacofi Chile Interbank Rate Average (CLICP) as of the most recent reset date. Interest payment received/(paid) at maturity.
12Notional amount denominated in Japanese yen.
13Based on Tokyo Overnight Average Rate (TONAR) as of the most recent reset date. Interest payment received/(paid) annually.
14Notional amount denominated in Brazilian real.
15Based on Overnight Brazil CETIP Interbank Deposit Rate as of the most recent reset date. Interest payment received/(paid) at maturity.
16Notional amount denominated in Canadian dollar.
17Interest payment received/(paid) semi-annually.
18Based on Canadian Overnight Repo Rate Average (CORRA) as of the most recent reset date. Interest payment received/(paid) semi-annually.
19Notional amount denominated in Czech koruna.
20Based on 6-month Prague Interbank Offered Rate (PRIBOR) as of the most recent reset date. Interest payment received/(paid) semi-annually.
21Notional amount denominated in South African rand.
22Based on Johannesburg Interbank Agreed Rate (JIBAR) as of the most recent reset date. Interest payment received/(paid) quarterly.
23Interest payment received/(paid) quarterly.
24Notional amount denominated in Polish zloty.
25Based on 6-month Warsaw Interbank Offered Rate (WIBOR) as of the most recent reset date. Interest payment received/(paid) semi-annually.
26Based on Sinacofi Chile Interbank Rate Average (CLICP) as of the most recent reset date. Interest payment received/(paid) semi-annually.
27Notional amount denominated in euro.
28Based on Euro Short Term Rate (ESTR) as of the most recent reset date. Interest payment received/(paid) annually.

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the
valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which
considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Structured debt securities, including mortgages and asset-backed securities, are valued using the latest bid prices or using valuations based on a matrix system that considers such factors as issuer, tranche, nominal or option-adjusted spreads, weighted average coupon, weighted average maturity, credit enhancements, and
collateral, as furnished by independent pricing services. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
B. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. To Be Announced (TBA) Transactions: A TBA transaction is an agreement to buy or sell mortgage-backed securities with agreed-upon characteristics (face amount, coupon, maturity) for settlement at a future date. The fund may be a seller of TBA transactions to reduce its exposure to the mortgage-backed securities market or in order to sell mortgage-backed securities it owns under delayed-delivery arrangements. The fund may sell a TBA that it does not hold (Sales Commitments) to manage portfolio risks while giving the fund more flexibility. The settlement date of a Sales Commitment is not set, and the positions can be increased or decreased to ensure appropriate hedging ratios for the fund and may be offset by entering into an equal amount of TBA purchases. When the fund is a buyer of TBA transactions, it maintains cash, short-term investments, or Treasuries in an amount sufficient to meet the purchase price at the settlement date of the TBA transaction. The primary risk associated with TBA transactions is that a counterparty may default on its obligations. The fund mitigates its counterparty risk by, among other things, performing a credit analysis of counterparties, allocating transactions among numerous counterparties, and monitoring its exposure to each counterparty. The fund may also enter into a Master Securities Forward Transaction Agreement (MSFTA) with certain counterparties and require them to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. Under an MSFTA, upon a counterparty default (including bankruptcy), the fund may terminate any TBA transactions with that counterparty, determine the net amount owed by either party in accordance with its MSFTA, and sell or retain any collateral held up to the net amount owed to the fund under the MSFTA.
At July 31, 2026, counterparties had deposited in segregated accounts securities with a value of $819,000 and cash of $1,440,000 in connection with TBA transactions.
D. Mortgage Dollar Rolls: The fund enters into mortgage-dollar-roll transactions, in which the fund sells mortgage-backed securities to a dealer and simultaneously agrees to purchase substantially similar securities in the future at a predetermined price on a predetermined date. The fund forgoes principal and interest paid on the securities sold. In exchange for the forgone principal and interest paid, the fund is compensated by investing the proceeds of the sale, typically in high-quality short-term fixed income securities, and earning interest on such investments. Further the fund receives a lower price on the securities to be repurchased. The fund also enters into mortgage-dollar-roll transactions in which the fund buys mortgage-backed securities from a dealer pursuant to a TBA transaction and simultaneously agrees to sell substantially similar securities in the future at a predetermined price. The securities bought in mortgage-dollar-roll transactions are used to cover an open TBA sell position. The fund continues to earn interest on mortgage-backed security pools already held and receives a lower price on the securities to be sold in the future. The fund accounts for mortgage-dollar-roll transactions as purchases and sales; as such, these transactions may increase the fund’s portfolio turnover rate. Amounts to be received or paid in connection with open mortgage dollar rolls are included in Receivables for Investment Securities Sold or Payables for Investment Securities Purchased.
E. Floating Rate Loan Interests: Floating rate loan interests represent interests in amounts owed by corporate or other borrowers. These instruments may be in the form of loans, trade claims or other receivables and may include standby financing commitments such as revolving credit facilities that obligate the fund to supply additional cash to the borrower on demand. Floating rate loan interests may be made directly with a borrower or acquired through assignment or participation. The fund's right to enforce a borrower’s compliance with the terms of the loan agreement, or benefit directly from the collateral supporting the loan, varies depending on whether the loan is a direct borrowing, an assignment, or a participation. Floating rate loan interests involve various risks including risk of loss in case of default, insolvency, or the bankruptcy of the borrower and are generally subject to restrictions on transfer with limited opportunities to sell them in secondary markets. The fund may also invest in loan commitments, which are contractual obligations for a future funding. The fund may earn a commitment fee on any unfunded portion of these commitments which is amortized to interest income over the commitment period. Both the funded portion of a floating rate loan interest as well as its unfunded commitment, if any, is reflected on the Schedule of Investments.
F. Options: The fund invests in options contracts on futures to adjust its exposure to the underlying investments. The primary risk associated with purchasing options is that if interest rates move in such a way that the exercise price of the option exceeds the value of the underlying investment, the position is worthless at expiration, and the fund loses the premium paid. The primary risk associated with selling options is that if interest rates move in such a way that the exercise price of the option exceeds the value of the underlying investment, the counterparty exercises the option, and the fund loses an amount equal to the market value of the option written less the premium received. Counterparty risk involving options on futures contracts is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades options on futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouses, and has entered into clearing agreements with its clearing brokers.

The fund invests in options on foreign currency, which are transacted over-the-counter (OTC) and not on an exchange. Unlike exchange-traded options, which are standardized with respect to the underlying instrument, expiration date, contract size, and strike price, the terms of OTC options generally are established through negotiation with the other party to the option contract. Although this type of arrangement allows the purchaser or writer greater flexibility to tailor an option to its needs, OTC options generally involve greater credit risk than exchange-traded options. Credit risk involves the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund mitigates its counterparty risk by entering into options with a diverse group of prequalified counterparties and monitoring their financial strength. The primary risk associated with purchasing options on foreign currency is that the value of the underlying foreign currencies may move in such a way that the exercise price of the option exceeds the value of the underlying investment, the position is worthless at expiration, and the fund loses the premium paid. The primary risk associated with selling options on foreign currency is that the value of the underlying foreign currencies may move in such a way that the exercise price of the option exceeds the value of the underlying investment, the counterparty exercises the option, and the fund loses an amount equal to the market value of the option written less the premium received.
Options contracts on futures and foreign currency are valued at their quoted daily settlement prices. The premium paid for a purchased option is recorded as an asset that is subsequently adjusted daily to the current market value of the option purchased. The premium received for a written option is recorded as an asset with an equal liability that is subsequently adjusted daily to the current market value of the option written. Fluctuations in the value of the options are recorded as unrealized appreciation (depreciation) until expired, closed, or exercised, at which time realized gains (losses) are recognized.
The fund had no open options contracts on foreign currency at July 31, 2026.
G. Swaptions: The fund invests in options on swaps, which are transacted over-the-counter (OTC) and not on an exchange.  The fund enters into swaptions to adjust the fund's sensitivity to interest rates or to adjust its exposure to the underlying investments. The fund may purchase a swaption from a counterparty whereby the fund has the right to enter into a swap in which the fund will pay either a fixed percentage rate or a floating rate, which is reset periodically based on short-term interest rates, and receive a different floating rate, each applied to a notional amount. The fund may also sell a swaption to a counterparty whereby the fund grants the counterparty the right to enter into a swap in which the fund will pay a floating rate and receive a fixed rate, each applied to a notional amount. Swaptions also include options that allow an existing swap to be terminated or extended by one of the counterparties. Unlike exchange-traded options, which are standardized with respect to the underlying instrument, expiration date, contract size, and strike price, the terms of OTC options generally are established through negotiation with the other party to the option contract. Although this type of arrangement allows the purchaser or writer greater flexibility to tailor an option to its needs, OTC options generally involve greater credit risk than exchange-traded options. Credit risk involves the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund mitigates its counterparty risk by entering into swaptions with a diverse group of prequalified counterparties and monitoring their financial strength.
The primary risk associated with purchasing swaptions is that interest rates or the value of the underlying investments move in such a way that the exercise price of the swaption exceeds the value of the underlying investment, the position is worthless at expiration, and the fund loses the premium paid. The primary risk associated with selling swaptions is that interest rates or the value of the underlying investments move in such a way that the exercise price of the swaption exceeds the value of the underlying investment, the counterparty exercises the swaption, and the resulting interest rate swap results in a negative cash flow to the fund in an amount greater than the premium received. A risk associated with all types of swaptions is the possibility that a counterparty may default on its obligations under the swaption contract.
Swaptions are valued based on market quotations received from independent pricing services or recognized dealers. The premium paid for a purchased swaption is recorded as an asset and is subsequently adjusted daily based on the current market value of the swaption. The premium received for a written swaption is recorded as an asset with an equal liability and is subsequently adjusted daily based on the current market value of the swaption. Fluctuations in the value of swaptions are recorded as unrealized appreciation (depreciation) until expired, closed, or exercised, at which time realized gains (losses) are recognized.  
H. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates or credit exposure. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
I. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables
against changes in future foreign exchange rates. Risks associated with these types of forward currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open

contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an asset (liability).
J. Swap Contracts: The fund invests in credit default swaps to adjust the overall credit risk of the fund or to actively overweight or underweight credit risk to a specific issuer or group of issuers. The fund may sell credit protection through credit default swaps to simulate investments in long positions that are either unavailable or considered to be less attractively priced in the bond market. The fund may purchase credit protection through credit default swaps to reduce credit exposure to a given issuer or issuers. Under the terms of the swaps, an up-front payment may be exchanged between the seller and buyer. In addition, the seller of the credit protection receives a periodic payment of premium from the buyer that is a fixed percentage applied to a notional amount. If, for example, the reference entity is subject to a credit event (such as bankruptcy, failure to pay, or obligation acceleration) during the term of the swap, the seller agrees to either physically settle or cash settle the swap contract. If the swap is physically settled, the seller agrees to pay the buyer an amount equal to the notional amount and take delivery of a debt instrument of the reference issuer with a par amount equal to such notional amount. If the swap is cash settled, the seller agrees to pay the buyer the difference between the notional amount and the final price for the relevant debt instrument, as determined either in a market auction or pursuant to a pre-agreed-upon valuation procedure.
The fund enters into interest rate swap transactions to adjust the fund’s sensitivity to changes in interest rates and maintain the ability to generate income at prevailing market rates. Under the terms of the swaps, one party pays the other either an amount that is a fixed percentage rate or a floating rate, which is reset periodically based on short-term interest rates, applied to a notional amount. In return, the counterparty agrees to pay a different floating rate, which is reset periodically based on short-term interest rates, applied to the same notional amount.
The fund enters into centrally cleared credit default and interest rate swaps to achieve the same objectives specified with respect to the equivalent over-the-counter swaps but with less counterparty risk because a regulated clearinghouse is the counterparty instead of the clearing broker or executing broker. The clearinghouse imposes initial margin requirements to secure the fund's performance, and requires daily settlement of variation margin representing changes in the market value of each contract. To further mitigate counterparty risk, the fund trades with a diverse group of prequalified executing brokers; monitors the financial strength of its clearing brokers, executing brokers, and clearinghouse; and has entered into agreements with its clearing brokers and executing brokers.
The primary risk associated with selling credit protection is that, upon the occurrence of a defined credit event, the market value of the debt instrument received by the fund (or, in a cash settled swap, the debt instruments used to determine the settlement payment by the fund) will be significantly less than the amount paid by the fund and, in a physically settled swap, the fund may receive an illiquid debt instrument. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until the seller of credit protection is required to take delivery (or, in a cash settled swap, pay the settlement amount determined) upon occurrence of a credit event, periodic payments are made, or the swap terminates, at which time realized gain (loss) is recorded. The net premium to be received or paid by the fund under swap contracts is accrued daily and recorded as realized gain (loss) over the life of the contract.
K. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.

The following table summarizes the market value of the fund's investments and derivatives as of July 31, 2026, based on the inputs used to value them: 
 
Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments
 
 
 
 
Assets
U.S. Government and Agency Obligations
—
2,939,513
—
2,939,513
Asset-Backed/Commercial Mortgage-Backed Securities
—
1,285,660
1,630
1,287,290
Corporate Bonds
—
2,544,327
—
2,544,327
Floating Rate Loan Interests
—
35,338
—
35,338
Sovereign Bonds
—
1,613,462
—
1,613,462
Taxable Municipal Bonds
—
53,896
—
53,896
Temporary Cash Investments
70,562
—
—
70,562
Options Purchased
545
6,523
—
7,068
Total
71,107
8,478,719
1,630
8,551,456
 
 
 
 
 
Derivative Financial Instruments
 
 
 
 
Assets
Futures Contracts1
6,532
—
—
6,532
Forward Currency Contracts
—
3,400
—
3,400
Swap Contracts1
—
7,079
—
7,079
Total
6,532
10,479
—
17,011
Liabilities
Options Written
(144)
(8,446)
—
(8,590)
Futures Contracts1
(18,485)
—
—
(18,485)
Forward Currency Contracts
—
(2,058)
—
(2,058)
Swap Contracts1
—
(8,115)
—
(8,115)
Total
(18,629)
(18,619)
—
(37,248)
 
1
Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.