|
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
|
|
JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
|
|
J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2026.
|
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INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — 33.6%
|
||
|
Australia — 0.5%
|
||
|
AGL Energy Ltd.
|
320
|
1,864
|
|
Anglogold Ashanti plc
|
26
|
2,005
|
|
Bank of Queensland Ltd.
|
57
|
264
|
|
Beach Energy Ltd.
|
351
|
225
|
|
Bendigo & Adelaide Bank Ltd.
|
155
|
1,250
|
|
BlueScope Steel Ltd.
|
7
|
164
|
|
Dexus, REIT
|
57
|
240
|
|
Endeavour Group Ltd. (a)
|
159
|
387
|
|
Fortescue Ltd.
|
150
|
1,946
|
|
Glencore plc
|
502
|
3,698
|
|
JB Hi-Fi Ltd.
|
3
|
167
|
|
Magellan Financial Group Ltd.
|
72
|
481
|
|
Metcash Ltd.
|
320
|
683
|
|
New Hope Corp. Ltd.
|
105
|
382
|
|
Origin Energy Ltd.
|
133
|
1,003
|
|
Perpetual Ltd.
|
18
|
245
|
|
Region Group, REIT
|
94
|
158
|
|
Rio Tinto Ltd.
|
67
|
7,937
|
|
Rio Tinto plc
|
134
|
13,047
|
|
Sonic Healthcare Ltd.
|
149
|
2,274
|
|
TPG Telecom Ltd.
|
127
|
320
|
|
Treasury Wine Estates Ltd. (a)
|
70
|
241
|
|
Woodside Energy Group Ltd.
|
82
|
1,911
|
|
Woolworths Group Ltd.
|
73
|
2,041
|
|
Yancoal Australia Ltd.
|
21
|
82
|
|
|
|
43,015
|
|
Austria — 0.1%
|
||
|
ANDRITZ AG
|
17
|
1,570
|
|
BAWAG Group AG (b)
|
9
|
1,912
|
|
Erste Group Bank AG
|
22
|
2,854
|
|
OMV AG
|
44
|
3,252
|
|
Raiffeisen Bank International AG
|
26
|
1,786
|
|
Strabag SE
|
8
|
730
|
|
|
|
12,104
|
|
Belgium — 0.1%
|
||
|
Ageas SA
|
24
|
2,016
|
|
KBC Group NV
|
13
|
1,784
|
|
Umicore SA
|
95
|
2,367
|
|
|
|
6,167
|
|
Brazil — 0.4%
|
||
|
Axia Energia SA (Preference) *
|
32
|
328
|
|
B3 SA - Brasil Bolsa Balcao
|
1,260
|
3,909
|
|
Itau Unibanco Holding SA (Preference)
|
885
|
7,513
|
|
Petroleo Brasileiro SA (Preference)
|
823
|
7,048
|
|
Porto Seguro SA
|
437
|
4,743
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Brazil — continued
|
||
|
TIM SA
|
1,018
|
3,894
|
|
Vale SA
|
400
|
6,029
|
|
|
|
33,464
|
|
Canada — 1.0%
|
||
|
Agnico Eagle Mines Ltd.
|
7
|
1,061
|
|
Bank of Nova Scotia (The)
|
59
|
5,163
|
|
Barrick Mining Corp.
|
119
|
4,374
|
|
BCE, Inc. (a)
|
203
|
4,407
|
|
Canadian Natural Resources Ltd.
|
111
|
5,277
|
|
Canadian Tire Corp. Ltd., Class A
|
27
|
3,885
|
|
Emera, Inc.
|
30
|
1,625
|
|
Enbridge, Inc.
|
90
|
4,883
|
|
Fortis, Inc.
|
85
|
4,822
|
|
Great-West Lifeco, Inc.
|
50
|
3,343
|
|
Hydro One Ltd. (b)
|
9
|
375
|
|
Keyera Corp.
|
64
|
2,702
|
|
Lundin Gold, Inc.
|
52
|
2,908
|
|
Magna International, Inc.
|
78
|
5,325
|
|
Nutrien Ltd.
|
69
|
4,797
|
|
Open Text Corp. (a)
|
45
|
1,133
|
|
Pembina Pipeline Corp.
|
102
|
5,005
|
|
Power Corp. of Canada
|
8
|
532
|
|
Quebecor, Inc., Class B
|
41
|
1,901
|
|
Restaurant Brands International, Inc.
|
60
|
4,432
|
|
Sun Life Financial, Inc.
|
18
|
1,477
|
|
Suncor Energy, Inc.
|
77
|
5,144
|
|
TC Energy Corp.
|
66
|
4,457
|
|
TELUS Corp.
|
340
|
3,249
|
|
Tourmaline Oil Corp.
|
105
|
4,623
|
|
Whitecap Resources, Inc.
|
154
|
1,824
|
|
|
|
88,724
|
|
China — 1.4%
|
||
|
ANTA Sports Products Ltd.
|
384
|
3,861
|
|
China Merchants Bank Co. Ltd., Class H
|
903
|
5,859
|
|
Contemporary Amperex Technology Co. Ltd., Class A
|
101
|
5,934
|
|
Fuyao Glass Industry Group Co. Ltd., Class A
|
161
|
1,419
|
|
Fuyao Glass Industry Group Co. Ltd., Class H (b)
|
589
|
4,456
|
|
H World Group Ltd., ADR
|
129
|
5,493
|
|
Haier Smart Home Co. Ltd., Class H
|
1,372
|
3,954
|
|
Kweichow Moutai Co. Ltd., Class A
|
27
|
5,400
|
|
Lenovo Group Ltd.
|
3,870
|
11,837
|
|
Midea Group Co. Ltd., Class A
|
438
|
5,682
|
|
NetEase, Inc.
|
390
|
10,375
|
|
PetroChina Co. Ltd., Class H
|
3,660
|
4,657
|
|
PICC Property & Casualty Co. Ltd., Class H
|
2,864
|
5,979
|
|
Ping An Insurance Group Co. of China Ltd., Class H
|
925
|
6,909
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
China — continued
|
||
|
Shenzhou International Group Holdings Ltd.
|
808
|
4,594
|
|
SITC International Holdings Co. Ltd.
|
155
|
781
|
|
Tencent Holdings Ltd.
|
289
|
17,637
|
|
Tingyi Cayman Islands Holding Corp.
|
1,218
|
1,845
|
|
Wilmar International Ltd.
|
162
|
497
|
|
Yutong Bus Co. Ltd., Class A
|
931
|
4,439
|
|
Zijin Mining Group Co. Ltd., Class H
|
1,250
|
5,307
|
|
|
|
116,915
|
|
Denmark — 0.4%
|
||
|
AL Sydbank
|
15
|
1,470
|
|
Carlsberg A/S, Class B
|
14
|
1,996
|
|
Coloplast A/S, Class B
|
12
|
803
|
|
Danske Bank A/S
|
248
|
14,287
|
|
Novo Nordisk A/S, Class B
|
281
|
13,291
|
|
|
|
31,847
|
|
Finland — 0.2%
|
||
|
Elisa OYJ
|
6
|
237
|
|
Fortum OYJ
|
36
|
823
|
|
Nordea Bank Abp
|
408
|
8,236
|
|
Nordea Bank Abp
|
128
|
2,580
|
|
Orion OYJ, Class B
|
16
|
1,560
|
|
Tieto OYJ
|
75
|
1,607
|
|
UPM-Kymmene OYJ
|
34
|
917
|
|
Wartsila OYJ Abp
|
34
|
1,149
|
|
|
|
17,109
|
|
France — 1.6%
|
||
|
Altice France SA ‡ *
|
3
|
54
|
|
Amundi SA (b)
|
15
|
1,627
|
|
Arkema SA (a)
|
20
|
1,383
|
|
AXA SA
|
89
|
4,600
|
|
Ayvens SA (b)
|
129
|
1,737
|
|
Bouygues SA
|
41
|
2,319
|
|
Capgemini SE
|
60
|
7,123
|
|
Carrefour SA
|
217
|
3,979
|
|
Cie Generale des Etablissements Michelin SCA
|
49
|
1,969
|
|
Covivio SA, REIT
|
27
|
1,672
|
|
Danone SA
|
4
|
339
|
|
Eiffage SA
|
15
|
2,167
|
|
Engie SA
|
919
|
28,654
|
|
FDJ UNITED (a) (b)
|
15
|
372
|
|
Gaztransport Et Technigaz SA
|
5
|
1,075
|
|
Gecina SA, REIT
|
6
|
511
|
|
Klepierre SA, REIT
|
122
|
5,524
|
|
L'Oreal SA
|
8
|
3,661
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
5
|
2,759
|
|
Orange SA
|
197
|
3,768
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
France — continued
|
||
|
Pernod Ricard SA
|
18
|
1,358
|
|
Publicis Groupe SA
|
24
|
2,553
|
|
Rubis SCA
|
42
|
1,613
|
|
Safran SA
|
56
|
22,141
|
|
SCOR SE
|
43
|
1,702
|
|
Societe Generale SA
|
36
|
3,399
|
|
Sopra Steria Group
|
11
|
2,367
|
|
TotalEnergies SE
|
195
|
17,181
|
|
Unibail-Rodamco-Westfield, REIT
|
15
|
1,877
|
|
Vallourec SACA *
|
47
|
1,138
|
|
Veolia Environnement SA
|
60
|
2,366
|
|
Vinci SA
|
27
|
3,859
|
|
|
|
136,847
|
|
Germany — 1.1%
|
||
|
adidas AG (a)
|
13
|
2,455
|
|
Allianz SE (Registered)
|
39
|
19,249
|
|
BASF SE
|
32
|
1,837
|
|
Commerzbank AG
|
59
|
2,578
|
|
Continental AG
|
27
|
2,247
|
|
Daimler Truck Holding AG
|
58
|
3,307
|
|
Deutsche Post AG
|
51
|
3,405
|
|
Deutsche Telekom AG (Registered)
|
170
|
5,260
|
|
DWS Group GmbH & Co. KGaA (b)
|
14
|
1,189
|
|
Evonik Industries AG
|
17
|
338
|
|
Hannover Rueck SE
|
7
|
2,077
|
|
Infineon Technologies AG
|
236
|
16,945
|
|
Mercedes-Benz Group AG
|
109
|
5,907
|
|
Muenchener Rueckversicherungs-Gesellschaft AG (Registered)
|
24
|
14,213
|
|
RWE AG
|
50
|
3,268
|
|
Siemens AG (Registered)
|
36
|
11,849
|
|
Siemens Energy AG
|
13
|
2,168
|
|
|
|
98,292
|
|
Greece — 0.1%
|
||
|
National Bank of Greece SA
|
435
|
8,131
|
|
Guatemala — 0.0% ^
|
||
|
Millicom International Cellular SA
|
21
|
2,029
|
|
Hong Kong — 0.4%
|
||
|
AIA Group Ltd.
|
492
|
4,962
|
|
Cathay Pacific Airways Ltd.
|
451
|
839
|
|
Hang Lung Properties Ltd.
|
1,241
|
1,153
|
|
Henderson Land Development Co. Ltd.
|
99
|
359
|
|
Hong Kong & China Gas Co. Ltd.
|
1,448
|
1,296
|
|
Hong Kong Exchanges & Clearing Ltd.
|
229
|
11,953
|
|
Hysan Development Co. Ltd.
|
124
|
295
|
|
Kerry Properties Ltd.
|
58
|
143
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Hong Kong — continued
|
||
|
Link, REIT
|
244
|
1,214
|
|
Man Wah Holdings Ltd.
|
548
|
220
|
|
Orient Overseas International Ltd.
|
93
|
1,819
|
|
PCCW Ltd.
|
857
|
642
|
|
Power Assets Holdings Ltd.
|
301
|
2,262
|
|
Prudential plc
|
182
|
2,743
|
|
Swire Properties Ltd.
|
106
|
323
|
|
VTech Holdings Ltd.
|
95
|
627
|
|
WH Group Ltd. (b)
|
1,089
|
1,172
|
|
Yue Yuen Industrial Holdings Ltd.
|
613
|
1,109
|
|
|
|
33,131
|
|
India — 0.2%
|
||
|
Bajaj Auto Ltd.
|
27
|
3,259
|
|
HDFC Bank Ltd., ADR
|
30
|
727
|
|
HDFC Bank Ltd.
|
801
|
6,270
|
|
Maruti Suzuki India Ltd.
|
11
|
1,623
|
|
Power Grid Corp. of India Ltd.
|
2,006
|
5,972
|
|
Tata Consultancy Services Ltd.
|
51
|
1,274
|
|
|
|
19,125
|
|
Indonesia — 0.1%
|
||
|
Bank Central Asia Tbk. PT
|
8,567
|
3,003
|
|
Bank Rakyat Indonesia Persero Tbk. PT
|
16,640
|
2,798
|
|
Telkom Indonesia Persero Tbk. PT
|
21,020
|
3,069
|
|
|
|
8,870
|
|
Iraq — 0.0% ^
|
||
|
United Energy Group Ltd. *
|
3,740
|
173
|
|
Ireland — 0.1%
|
||
|
AIB Group plc
|
200
|
2,380
|
|
Bank of Ireland Group plc
|
96
|
2,012
|
|
Cairn Homes plc
|
637
|
1,793
|
|
|
|
6,185
|
|
Israel — 0.0% ^
|
||
|
Amot Investments Ltd.
|
27
|
165
|
|
Bezeq The Israeli Telecommunication Corp. Ltd.
|
172
|
413
|
|
Delek Group Ltd.
|
31
|
803
|
|
Matrix IT Ltd.
|
5
|
128
|
|
Plus500 Ltd.
|
25
|
1,332
|
|
|
|
2,841
|
|
Italy — 1.0%
|
||
|
Azimut Holding SpA
|
32
|
1,374
|
|
Banca Generali SpA
|
22
|
1,628
|
|
Banca Mediolanum SpA
|
129
|
3,455
|
|
Banca Monte dei Paschi di Siena SpA
|
411
|
5,501
|
|
Banco BPM SpA
|
122
|
2,230
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Italy — continued
|
||
|
BPER Banca SpA
|
157
|
2,542
|
|
Enel SpA
|
839
|
9,480
|
|
Eni SpA
|
114
|
3,174
|
|
FinecoBank Banca Fineco SpA (a)
|
169
|
4,623
|
|
Generali (a)
|
60
|
3,057
|
|
Infrastrutture Wireless Italiane SpA (a) (b)
|
80
|
592
|
|
Intesa Sanpaolo SpA
|
1,239
|
9,365
|
|
Lottomatica Group Spa
|
58
|
1,573
|
|
Maire SpA (a)
|
126
|
1,886
|
|
Poste Italiane SpA (a) (b)
|
69
|
2,071
|
|
Ryanair Holdings plc, ADR
|
64
|
3,742
|
|
Ryanair Holdings plc
|
295
|
8,281
|
|
Snam SpA
|
198
|
1,342
|
|
Technogym SpA (b)
|
96
|
1,497
|
|
UniCredit SpA
|
209
|
19,747
|
|
Unipol Assicurazioni SpA
|
71
|
2,229
|
|
|
|
89,389
|
|
Japan — 1.4%
|
||
|
Activia Properties, Inc., REIT
|
—
|
347
|
|
AEON REIT Investment Corp., REIT
|
—
|
448
|
|
Aozora Bank Ltd.
|
125
|
2,374
|
|
Asics Corp.
|
77
|
2,264
|
|
Astellas Pharma, Inc.
|
13
|
177
|
|
Canon, Inc.
|
80
|
2,221
|
|
Chubu Electric Power Co., Inc.
|
30
|
523
|
|
Chugoku Electric Power Co., Inc. (The)
|
134
|
784
|
|
Cosmo Energy Holdings Co. Ltd.
|
43
|
1,065
|
|
Dai Nippon Printing Co. Ltd.
|
22
|
392
|
|
Daiichi Life Group, Inc.
|
106
|
1,273
|
|
Daiwa House REIT Investment Corp., REIT
|
—
|
302
|
|
DIC Corp.
|
12
|
319
|
|
Eisai Co. Ltd.
|
26
|
791
|
|
Electric Power Development Co. Ltd.
|
80
|
1,888
|
|
FANUC Corp.
|
46
|
1,862
|
|
GLP J-REIT, REIT
|
—
|
393
|
|
Honda Motor Co. Ltd.
|
34
|
340
|
|
Hoya Corp.
|
11
|
1,621
|
|
Idemitsu Kosan Co. Ltd.
|
233
|
1,911
|
|
Industrial & Infrastructure Fund Investment Corp., REIT
|
1
|
748
|
|
Inpex Corp.
|
56
|
1,288
|
|
Invincible Investment Corp., REIT
|
3
|
1,011
|
|
Isuzu Motors Ltd.
|
9
|
142
|
|
Itoham Yonekyu Holdings, Inc.
|
14
|
437
|
|
Japan Exchange Group, Inc.
|
539
|
7,328
|
|
Japan Metropolitan Fund Invest, REIT
|
3
|
1,985
|
|
Japan Tobacco, Inc.
|
49
|
2,207
|
|
JFE Holdings, Inc.
|
103
|
1,166
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Japan — continued
|
||
|
KDX Realty Investment Corp., REIT
|
1
|
704
|
|
Kirin Holdings Co. Ltd.
|
82
|
1,511
|
|
Kobe Steel Ltd.
|
137
|
1,776
|
|
Kyoto Financial Group, Inc.
|
21
|
571
|
|
Kyushu Electric Power Co., Inc.
|
44
|
483
|
|
Kyushu Railway Co.
|
73
|
1,652
|
|
Lixil Corp.
|
42
|
452
|
|
Mitsubishi Chemical Group Corp.
|
109
|
804
|
|
Mitsubishi Electric Corp.
|
44
|
1,599
|
|
Mitsubishi UFJ Financial Group, Inc.
|
466
|
10,416
|
|
Mitsui Fudosan Logistics Park, Inc., REIT
|
1
|
458
|
|
Mitsui Fudosan Retail Fund Investment Corp., REIT
|
1
|
347
|
|
Nippon Shokubai Co. Ltd.
|
49
|
663
|
|
Nippon Yusen KK
|
13
|
499
|
|
Niterra Co. Ltd.
|
5
|
304
|
|
NOK Corp.
|
20
|
374
|
|
Nomura Holdings, Inc.
|
93
|
903
|
|
Ono Pharmaceutical Co. Ltd.
|
17
|
253
|
|
Pola Orbis Holdings, Inc.
|
53
|
445
|
|
Seiko Epson Corp.
|
21
|
386
|
|
Sekisui House REIT, Inc., REIT
|
1
|
741
|
|
Shikoku Electric Power Co., Inc.
|
17
|
172
|
|
Shin-Etsu Chemical Co. Ltd.
|
77
|
2,741
|
|
SoftBank Corp.
|
3,335
|
4,682
|
|
Sony Group Corp.
|
515
|
12,037
|
|
Subaru Corp.
|
16
|
277
|
|
Sumitomo Electric Industries Ltd.
|
949
|
12,557
|
|
Sumitomo Rubber Industries Ltd.
|
31
|
437
|
|
Suzuki Motor Corp.
|
395
|
5,160
|
|
Takeda Pharmaceutical Co. Ltd.
|
90
|
3,076
|
|
Tohoku Electric Power Co., Inc.
|
71
|
524
|
|
Tokio Marine Holdings, Inc.
|
132
|
6,738
|
|
Tokyo Electron Ltd.
|
19
|
6,419
|
|
Toyo Tire Corp.
|
28
|
743
|
|
Toyota Motor Corp.
|
256
|
4,839
|
|
Tsumura & Co.
|
11
|
261
|
|
United Urban Investment Corp., REIT
|
1
|
1,087
|
|
Yamaha Motor Co. Ltd.
|
27
|
226
|
|
|
|
124,924
|
|
Luxembourg — 0.1%
|
||
|
ArcelorMittal SA
|
38
|
2,653
|
|
Ardagh Holdings SA ‡ * (a) (c)
|
354
|
2,298
|
|
|
|
4,951
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Macau — 0.0% ^
|
||
|
MGM China Holdings Ltd.
|
264
|
381
|
|
Wynn Macau Ltd.
|
283
|
206
|
|
|
|
587
|
|
Mexico — 0.2%
|
||
|
Arca Continental SAB de CV
|
221
|
2,525
|
|
Grupo Financiero Banorte SAB de CV, Class O
|
644
|
7,421
|
|
Grupo Mexico SAB de CV
|
331
|
3,976
|
|
Southern Copper Corp.
|
8
|
1,567
|
|
|
|
15,489
|
|
Netherlands — 1.1%
|
||
|
ABN AMRO Bank NV, CVA (b)
|
36
|
1,605
|
|
ASML Holding NV
|
29
|
48,474
|
|
ASR Nederland NV
|
26
|
2,118
|
|
BE Semiconductor Industries NV
|
16
|
3,664
|
|
ING Groep NV
|
127
|
4,474
|
|
Koninklijke BAM Groep NV
|
198
|
2,656
|
|
Koninklijke Heijmans N.V., CVA
|
20
|
2,170
|
|
Koninklijke KPN NV
|
1,997
|
9,429
|
|
NN Group NV
|
27
|
2,558
|
|
NXP Semiconductors NV
|
54
|
12,480
|
|
Randstad NV
|
61
|
2,574
|
|
SBM Offshore NV
|
31
|
1,156
|
|
|
|
93,358
|
|
New Zealand — 0.0% ^
|
||
|
Spark New Zealand Ltd.
|
425
|
480
|
|
Norway — 0.3%
|
||
|
Aker BP ASA
|
103
|
3,670
|
|
Aker Solutions ASA (b)
|
331
|
1,472
|
|
DNB Bank ASA
|
68
|
2,196
|
|
DOF Group ASA
|
85
|
1,117
|
|
Equinor ASA
|
92
|
3,763
|
|
Frontline plc
|
27
|
1,065
|
|
Gjensidige Forsikring ASA
|
38
|
1,128
|
|
Norsk Hydro ASA
|
331
|
3,055
|
|
Orkla ASA
|
63
|
701
|
|
Salmar ASA
|
12
|
645
|
|
Telenor ASA
|
331
|
4,677
|
|
Var Energi ASA
|
486
|
2,444
|
|
Wallenius Wilhelmsen ASA
|
84
|
1,305
|
|
|
|
27,238
|
|
Peru — 0.0% ^
|
||
|
Credicorp Ltd.
|
4
|
1,638
|
|
Poland — 0.1%
|
||
|
Erste Bank Polska SA
|
2
|
474
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Poland — continued
|
||
|
ORLEN SA
|
49
|
1,956
|
|
Powszechny Zaklad Ubezpieczen SA
|
88
|
1,670
|
|
|
|
4,100
|
|
Portugal — 0.0% ^
|
||
|
Banco Comercial Portugues SA, Class R
|
1,440
|
1,774
|
|
NOS SGPS SA
|
360
|
2,006
|
|
|
|
3,780
|
|
Russia — 0.0%
|
||
|
Moscow Exchange MICEX-RTS PJSC ‡ *
|
2,552
|
—
(d)
|
|
Severstal PAO, GDR ‡ * (b)
|
142
|
—
(d)
|
|
|
|
—
(d)
|
|
Saudi Arabia — 0.2%
|
||
|
Al Rajhi Bank
|
171
|
2,852
|
|
Saudi Arabian Oil Co. (b)
|
669
|
4,719
|
|
Saudi National Bank (The)
|
545
|
5,707
|
|
|
|
13,278
|
|
Singapore — 0.3%
|
||
|
CapitaLand Ascendas, REIT
|
759
|
1,520
|
|
DBS Group Holdings Ltd.
|
348
|
20,085
|
|
NetLink NBN Trust (b)
|
327
|
258
|
|
Singapore Telecommunications Ltd.
|
1,190
|
4,117
|
|
Venture Corp. Ltd.
|
78
|
973
|
|
|
|
26,953
|
|
South Africa — 0.2%
|
||
|
FirstRand Ltd.
|
691
|
4,134
|
|
Gold Fields Ltd., ADR
|
105
|
3,388
|
|
Gold Fields Ltd.
|
115
|
3,725
|
|
Nedbank Group Ltd.
|
163
|
2,756
|
|
Shoprite Holdings Ltd.
|
43
|
748
|
|
Vodacom Group Ltd.
|
193
|
1,867
|
|
|
|
16,618
|
|
South Korea — 1.1%
|
||
|
APR Corp.
|
6
|
1,376
|
|
Cheil Worldwide, Inc.
|
22
|
285
|
|
DB Insurance Co. Ltd.
|
31
|
3,334
|
|
Hana Financial Group, Inc.
|
83
|
7,159
|
|
Kia Corp.
|
101
|
9,102
|
|
KT&G Corp.
|
6
|
778
|
|
LG Uplus Corp.
|
68
|
696
|
|
Samsung Electronics Co. Ltd.
|
180
|
31,350
|
|
Samsung Electronics Co. Ltd. (Preference)
|
41
|
5,188
|
|
Samsung Fire & Marine Insurance Co. Ltd.
|
16
|
6,838
|
|
Shinhan Financial Group Co. Ltd.
|
100
|
6,912
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
South Korea — continued
|
||
|
SK hynix, Inc.
|
17
|
19,540
|
|
Woori Financial Group, Inc.
|
20
|
468
|
|
|
|
93,026
|
|
Spain — 0.6%
|
||
|
ACS Actividades de Construccion y Servicios SA
|
13
|
1,663
|
|
Banco Bilbao Vizcaya Argentaria SA
|
254
|
7,115
|
|
Banco de Sabadell SA
|
333
|
1,280
|
|
Banco Santander SA
|
590
|
8,393
|
|
Bankinter SA
|
59
|
1,091
|
|
CaixaBank SA
|
221
|
3,213
|
|
Enagas SA
|
55
|
1,072
|
|
Endesa SA
|
147
|
7,182
|
|
Iberdrola SA
|
229
|
5,427
|
|
Logista Integral SA
|
50
|
2,136
|
|
Mapfre SA
|
280
|
1,430
|
|
Naturgy Energy Group SA
|
84
|
2,811
|
|
Repsol SA
|
82
|
2,488
|
|
Telefonica SA
|
330
|
1,361
|
|
Unicaja Banco SA (b)
|
359
|
1,379
|
|
|
|
48,041
|
|
Sweden — 0.6%
|
||
|
Evolution AB * (b)
|
21
|
1,617
|
|
Loomis AB
|
32
|
1,741
|
|
NCC AB, Class B
|
96
|
1,713
|
|
Securitas AB, Class B
|
120
|
1,931
|
|
Skandinaviska Enskilda Banken AB, Class A
|
23
|
527
|
|
Skanska AB, Class B
|
87
|
2,443
|
|
SSAB AB, Class B
|
267
|
2,814
|
|
Svenska Handelsbanken AB, Class A
|
135
|
2,064
|
|
Swedbank AB, Class A
|
55
|
2,190
|
|
Tele2 AB, Class B (a)
|
317
|
5,499
|
|
Telefonaktiebolaget LM Ericsson, Class B
|
227
|
2,234
|
|
Telia Co. AB
|
549
|
2,543
|
|
Volvo AB, Class B
|
701
|
26,830
|
|
|
|
54,146
|
|
Switzerland — 0.4%
|
||
|
ABB Ltd. (Registered)
|
64
|
6,283
|
|
Adecco Group AG (Registered)
|
52
|
1,448
|
|
Cie Financiere Richemont SA (Registered)
|
22
|
5,235
|
|
Clariant AG (Registered)
|
100
|
1,132
|
|
Julius Baer Group Ltd. (a)
|
24
|
2,139
|
|
Nestle SA (Registered)
|
112
|
11,245
|
|
Temenos AG (Registered)
|
9
|
716
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
Switzerland — continued
|
||
|
UBS Group AG (Registered)
|
125
|
6,608
|
|
Zurich Insurance Group AG
|
5
|
3,731
|
|
|
|
38,537
|
|
Taiwan — 1.6%
|
||
|
Advantech Co. Ltd.
|
551
|
9,391
|
|
ASE Technology Holding Co. Ltd.
|
690
|
11,775
|
|
Lite-On Technology Corp.
|
973
|
6,165
|
|
Lotes Co. Ltd. *
|
140
|
7,895
|
|
MediaTek, Inc.
|
85
|
9,033
|
|
Quanta Computer, Inc.
|
503
|
4,477
|
|
Realtek Semiconductor Corp.
|
242
|
5,018
|
|
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
|
6
|
2,483
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
1,135
|
83,935
|
|
Vanguard International Semiconductor Corp.
|
502
|
2,301
|
|
|
|
142,473
|
|
Thailand — 0.0% ^
|
||
|
SCB X PCL
|
895
|
4,065
|
|
United Arab Emirates — 0.0% ^
|
||
|
Emaar Properties PJSC
|
980
|
2,924
|
|
United Kingdom — 2.1%
|
||
|
Admiral Group plc
|
42
|
2,126
|
|
AstraZeneca plc
|
80
|
13,670
|
|
BAE Systems plc
|
216
|
6,121
|
|
Balfour Beatty plc
|
228
|
2,658
|
|
Barclays plc
|
586
|
4,031
|
|
Barratt Redrow plc
|
441
|
1,754
|
|
Bodycote plc
|
129
|
1,257
|
|
British American Tobacco plc
|
80
|
4,853
|
|
British Land Co. plc (The), REIT
|
278
|
1,660
|
|
Drax Group plc
|
151
|
1,499
|
|
Games Workshop Group plc
|
9
|
2,372
|
|
GSK plc
|
342
|
8,905
|
|
HSBC Holdings plc
|
654
|
13,927
|
|
IG Group Holdings plc
|
42
|
819
|
|
Imperial Brands plc
|
6
|
231
|
|
Inchcape plc
|
133
|
1,504
|
|
International Consolidated Airlines Group SA
|
297
|
1,740
|
|
Investec plc
|
166
|
1,451
|
|
ITV plc
|
1,422
|
1,425
|
|
Johnson Matthey plc
|
70
|
1,879
|
|
Kingfisher plc
|
273
|
1,137
|
|
Lancashire Holdings Ltd.
|
153
|
1,244
|
|
Land Securities Group plc, REIT
|
355
|
3,384
|
|
Lloyds Banking Group plc
|
2,979
|
4,604
|
|
London Stock Exchange Group plc
|
30
|
3,317
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
United Kingdom — continued
|
||
|
M&G plc
|
511
|
2,467
|
|
Man Group plc
|
376
|
1,540
|
|
Mitie Group plc
|
373
|
1,039
|
|
Morgan Sindall Group plc
|
32
|
1,931
|
|
National Grid plc
|
491
|
7,866
|
|
NatWest Group plc
|
1,433
|
13,515
|
|
Next plc
|
12
|
2,361
|
|
Persimmon plc
|
60
|
903
|
|
Quilter plc (b)
|
490
|
1,277
|
|
Reckitt Benckiser Group plc
|
67
|
4,693
|
|
RELX plc
|
414
|
14,568
|
|
Rolls-Royce Holdings plc
|
272
|
5,420
|
|
Sage Group plc (The)
|
456
|
6,012
|
|
SSE plc
|
16
|
512
|
|
Standard Chartered plc
|
84
|
2,484
|
|
Standard Life plc
|
84
|
1,053
|
|
Tesco plc
|
1,003
|
6,601
|
|
TP ICAP Group plc
|
336
|
1,550
|
|
Unilever plc
|
109
|
6,957
|
|
Vodafone Group plc
|
4,902
|
7,780
|
|
|
|
178,097
|
|
United States — 14.6%
|
||
|
3M Co.
|
53
|
9,343
|
|
Abbott Laboratories
|
82
|
8,677
|
|
AbbVie, Inc.
|
89
|
22,319
|
|
Accenture plc, Class A
|
59
|
9,774
|
|
Advanced Micro Devices, Inc. *
|
3
|
1,292
|
|
Affirm Holdings, Inc., Class A *
|
15
|
1,086
|
|
Air Products and Chemicals, Inc.
|
5
|
1,365
|
|
Alliant Energy Corp.
|
34
|
2,416
|
|
Alphabet, Inc., Class A
|
109
|
38,687
|
|
Altria Group, Inc.
|
69
|
4,684
|
|
Amazon.com, Inc. *
|
56
|
15,190
|
|
Amcor plc
|
20
|
914
|
|
American Electric Power Co., Inc.
|
37
|
4,776
|
|
American Express Co.
|
6
|
1,987
|
|
American Tower Corp., REIT
|
6
|
986
|
|
Amgen, Inc.
|
14
|
5,336
|
|
Amphenol Corp., Class A
|
108
|
17,282
|
|
Analog Devices, Inc.
|
6
|
2,107
|
|
Aon plc, Class A
|
23
|
8,340
|
|
Apple, Inc.
|
34
|
10,564
|
|
Archer-Daniels-Midland Co.
|
67
|
5,298
|
|
Ares Management Corp., Class A
|
39
|
4,972
|
|
AT&T, Inc.
|
612
|
14,226
|
|
AvalonBay Communities, Inc., REIT
|
11
|
1,983
|
|
Avery Dennison Corp.
|
20
|
3,418
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
United States — continued
|
||
|
Baker Hughes Co., Class A
|
203
|
12,278
|
|
Bank of America Corp.
|
320
|
19,833
|
|
Becton Dickinson & Co.
|
15
|
2,441
|
|
Best Buy Co., Inc.
|
66
|
5,686
|
|
Blackstone, Inc.
|
12
|
1,554
|
|
Booking Holdings, Inc.
|
10
|
1,858
|
|
BP plc
|
638
|
4,795
|
|
Bristol-Myers Squibb Co.
|
239
|
15,633
|
|
Broadcom, Inc.
|
46
|
18,072
|
|
Cadence Design Systems, Inc. *
|
4
|
1,211
|
|
Charles Schwab Corp. (The)
|
71
|
7,506
|
|
Chevron Corp.
|
75
|
14,839
|
|
Cisco Systems, Inc.
|
106
|
12,302
|
|
Clear Channel Outdoor Holdings, Inc. *
|
287
|
695
|
|
CME Group, Inc.
|
45
|
12,176
|
|
Coca-Cola Co. (The)
|
125
|
10,911
|
|
Comcast Corp., Class A
|
179
|
4,278
|
|
Consolidated Edison, Inc.
|
37
|
4,022
|
|
Constellation Brands, Inc., Class A
|
29
|
3,718
|
|
Crowdstrike Holdings, Inc., Class A *
|
7
|
1,322
|
|
Crown Castle, Inc., REIT
|
52
|
3,978
|
|
Cummins, Inc.
|
7
|
4,547
|
|
Darden Restaurants, Inc.
|
20
|
4,124
|
|
Digital Realty Trust, Inc., REIT
|
9
|
1,668
|
|
Dominion Energy, Inc.
|
69
|
4,793
|
|
Dow, Inc.
|
119
|
3,595
|
|
DTE Energy Co.
|
28
|
3,967
|
|
Duke Energy Corp.
|
35
|
4,371
|
|
Eaton Corp. plc
|
2
|
674
|
|
Edison International
|
68
|
4,954
|
|
Emerson Electric Co.
|
51
|
7,641
|
|
Endo GUC Trust ‡ *
|
377
|
217
|
|
EOG Resources, Inc.
|
82
|
12,228
|
|
Equity Residential, REIT
|
72
|
4,758
|
|
Evergy, Inc.
|
59
|
4,893
|
|
Eversource Energy
|
61
|
4,335
|
|
Exelon Corp.
|
94
|
4,304
|
|
Expand Energy Corp.
|
48
|
4,512
|
|
Extra Space Storage, Inc., REIT
|
32
|
4,782
|
|
ExxonMobil Holdings Corp. *
|
45
|
6,964
|
|
Fastenal Co.
|
92
|
4,379
|
|
Ford Motor Co.
|
367
|
5,393
|
|
General Dynamics Corp.
|
3
|
1,133
|
|
General Mills, Inc.
|
114
|
4,068
|
|
Genuine Parts Co.
|
8
|
1,013
|
|
Gilead Sciences, Inc.
|
74
|
9,579
|
|
Goldman Sachs Group, Inc. (The)
|
5
|
5,199
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
United States — continued
|
||
|
GQG Partners, Inc., CHDI (a)
|
503
|
481
|
|
Gulfport Energy Corp. *
|
8
|
1,211
|
|
Haleon plc
|
812
|
3,977
|
|
Hershey Co. (The)
|
21
|
3,747
|
|
Hewlett Packard Enterprise Co.
|
113
|
5,424
|
|
Howmet Aerospace, Inc.
|
6
|
1,690
|
|
HP, Inc.
|
220
|
6,009
|
|
iHeartMedia, Inc., Class A *
|
122
|
438
|
|
Incora Intermediate LLC ‡ *
|
40
|
478
|
|
Incora Top Holdco LLC ‡ * (a)
|
2
|
50
|
|
International Business Machines Corp.
|
15
|
3,372
|
|
International Flavors & Fragrances, Inc.
|
47
|
3,688
|
|
International Paper Co.
|
115
|
4,700
|
|
Intuitive Surgical, Inc. *
|
5
|
1,885
|
|
Invitation Homes, Inc., REIT
|
169
|
5,021
|
|
Johnson & Johnson
|
82
|
21,081
|
|
Keenova Therapeutics plc, Class A *
|
66
|
6,490
|
|
Keenova Therapeutics plc, Class B *
|
39
|
3,881
|
|
Kenvue, Inc.
|
246
|
4,729
|
|
Keurig Dr Pepper, Inc.
|
156
|
4,856
|
|
KeyCorp
|
205
|
4,635
|
|
Kimberly-Clark Corp.
|
44
|
4,801
|
|
Kimco Realty Corp., REIT
|
192
|
4,889
|
|
Kinder Morgan, Inc.
|
147
|
4,743
|
|
Kraft Heinz Co. (The)
|
188
|
4,867
|
|
Labels Buyer LLC *
|
—
|
42
|
|
Lam Research Corp.
|
76
|
22,250
|
|
Lockheed Martin Corp.
|
8
|
4,389
|
|
Lowe's Cos., Inc.
|
87
|
18,095
|
|
LyondellBasell Industries NV, Class A
|
83
|
5,158
|
|
Marriott International, Inc., Class A
|
4
|
1,585
|
|
Mastercard, Inc., Class A
|
53
|
30,551
|
|
McCormick & Co., Inc. (Non-Voting)
|
84
|
4,272
|
|
McDonald's Corp.
|
39
|
10,539
|
|
Medtronic plc
|
116
|
9,948
|
|
Merck & Co., Inc.
|
40
|
5,204
|
|
Microchip Technology, Inc.
|
10
|
734
|
|
Microsoft Corp.
|
157
|
72,792
|
|
Mid-America Apartment Communities, Inc., REIT
|
35
|
4,588
|
|
MKS, Inc.
|
5
|
1,442
|
|
Mondelez International, Inc., Class A
|
74
|
4,591
|
|
Moran Foods Backstop Equity ‡ *
|
23,005,766
|
23
|
|
Morgan Stanley
|
85
|
17,970
|
|
Motorola Solutions, Inc.
|
11
|
4,597
|
|
MYT Holding LLC ‡ *
|
1,342
|
336
|
|
National CineMedia, Inc. (a)
|
107
|
430
|
|
NetApp, Inc.
|
31
|
5,448
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
United States — continued
|
||
|
Netflix, Inc. *
|
19
|
1,327
|
|
New Evhc Physical Equity *
|
6
|
121
|
|
NextEra Energy, Inc.
|
250
|
21,765
|
|
NMG Parent LLC, Escrow ‡ *
|
41
|
—
|
|
Novartis AG (Registered)
|
123
|
19,180
|
|
NVIDIA Corp.
|
263
|
52,779
|
|
Omnicom Group, Inc.
|
152
|
12,001
|
|
ONEOK, Inc.
|
53
|
4,820
|
|
PACCAR, Inc.
|
96
|
12,768
|
|
Palantir Technologies, Inc., Class A *
|
13
|
1,543
|
|
Par Health, Inc., Class A *
|
66
|
420
|
|
Par Health, Inc., Class B *
|
39
|
251
|
|
Paychex, Inc.
|
5
|
554
|
|
PepsiCo, Inc.
|
98
|
13,740
|
|
Pfizer, Inc.
|
168
|
4,211
|
|
Philip Morris International, Inc.
|
26
|
4,950
|
|
Phillips 66
|
17
|
3,655
|
|
PPL Corp.
|
33
|
1,161
|
|
Procter & Gamble Co. (The)
|
36
|
5,167
|
|
Progressive Corp. (The)
|
21
|
4,540
|
|
Prudential Financial, Inc.
|
43
|
5,295
|
|
Public Storage, REIT
|
16
|
5,074
|
|
QIAGEN NV
|
23
|
961
|
|
Quanta Services, Inc.
|
2
|
1,476
|
|
Realty Income Corp., REIT
|
69
|
4,430
|
|
Regeneron Pharmaceuticals, Inc.
|
3
|
2,345
|
|
Roche Holding AG
|
28
|
12,212
|
|
RTX Corp.
|
25
|
5,410
|
|
Sanofi SA
|
133
|
11,443
|
|
Schneider Electric SE
|
24
|
8,034
|
|
Seagate Technology Holdings plc
|
1
|
563
|
|
Sempra
|
44
|
3,897
|
|
ServiceNow, Inc. *
|
11
|
1,189
|
|
Shell plc
|
400
|
18,305
|
|
Simon Property Group, Inc., REIT
|
23
|
5,240
|
|
Southern Co. (The)
|
46
|
4,374
|
|
Spotify Technology SA *
|
3
|
1,290
|
|
Stellantis NV * (a)
|
255
|
1,471
|
|
Stryker Corp.
|
30
|
9,704
|
|
Sun Communities, Inc., REIT
|
34
|
4,151
|
|
Sysco Corp.
|
3
|
264
|
|
T. Rowe Price Group, Inc.
|
45
|
5,017
|
|
Target Corp.
|
39
|
5,651
|
|
Tenaris SA
|
46
|
1,314
|
|
Texas Instruments, Inc.
|
17
|
4,747
|
|
Thermo Fisher Scientific, Inc.
|
3
|
1,798
|
|
T-Mobile US, Inc.
|
26
|
4,512
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Common Stocks — continued
|
||
|
United States — continued
|
||
|
Trane Technologies plc
|
49
|
22,145
|
|
TransDigm Group, Inc.
|
4
|
4,595
|
|
Truist Financial Corp.
|
93
|
4,797
|
|
Tyson Foods, Inc., Class A
|
71
|
4,101
|
|
Uber Technologies, Inc. *
|
32
|
2,220
|
|
Ubiquiti, Inc.
|
8
|
4,558
|
|
United Parcel Service, Inc., Class B
|
46
|
4,788
|
|
UnitedHealth Group, Inc.
|
33
|
13,800
|
|
US Bancorp
|
148
|
9,353
|
|
Venator Materials plc ‡ *
|
4
|
33
|
|
Ventas, Inc., REIT
|
127
|
11,912
|
|
Verizon Communications, Inc.
|
294
|
13,783
|
|
VICI Properties, Inc., REIT, Class A
|
472
|
12,434
|
|
Victoria's Secret & Co. *
|
18
|
1,561
|
|
Walt Disney Co. (The)
|
115
|
11,101
|
|
WEC Energy Group, Inc.
|
36
|
3,978
|
|
Wells Fargo & Co.
|
113
|
9,773
|
|
Weyerhaeuser Co., REIT
|
106
|
2,644
|
|
Williams Cos., Inc. (The)
|
68
|
4,871
|
|
WP Carey, Inc., REIT
|
64
|
4,685
|
|
Xcel Energy, Inc.
|
54
|
4,260
|
|
Yum! Brands, Inc.
|
97
|
14,839
|
|
|
|
1,267,699
|
|
Total Common Stocks
(Cost $2,155,461)
|
|
2,916,760
|
|
|
PRINCIPAL
AMOUNT
($000)
|
|
|
Corporate Bonds — 30.5%
|
||
|
Angola — 0.1%
|
||
|
Sonangol Finance Ltd. Series 4A2, 10.00%, 1/29/2031
|
3,530
|
3,592
|
|
Argentina — 0.0% ^
|
||
|
YPF SA 8.25%, 1/17/2034 (a) (c)
|
1,000
|
1,053
|
|
Australia — 0.0% ^
|
||
|
Glencore Funding LLC
|
|
|
|
2.50%, 9/1/2030 (c)
|
40
|
36
|
|
2.63%, 9/23/2031 (c)
|
1,229
|
1,087
|
|
Scentre Group Trust 1, REIT 3.75%, 3/23/2027 (c)
|
250
|
249
|
|
|
|
1,372
|
|
Bahrain — 0.0% ^
|
||
|
Bapco Energies BSC Closed 7.50%, 10/25/2027 (b)
|
1,400
|
1,396
|
|
Brazil — 0.1%
|
||
|
Axia Energia SA 6.50%, 1/11/2035 (a) (c)
|
900
|
893
|
|
Braskem Netherlands Finance BV
|
|
|
|
4.50%, 1/10/2028 (b)
|
1,270
|
710
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Brazil — continued
|
||
|
7.25%, 2/13/2033 (a) (c)
|
1,287
|
695
|
|
8.00%, 10/15/2034 (a) (c)
|
975
|
525
|
|
FS Luxembourg SARL
|
|
|
|
8.88%, 2/12/2031 (a) (c)
|
415
|
425
|
|
8.88%, 2/12/2031 (b)
|
700
|
716
|
|
8.63%, 6/25/2033 (c)
|
1,720
|
1,631
|
|
LD Celulose International GmbH 7.95%, 1/26/2032 (a) (c)
|
1,000
|
1,041
|
|
Petrobras Global Finance BV 6.85%, 6/5/2115
|
300
|
272
|
|
Vale Overseas Ltd.
|
|
|
|
3.75%, 7/8/2030
|
12
|
11
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 6.00%, 2/25/2056 (c) (e)
|
652
|
649
|
|
Yinson Bergenia Production BV 8.50%, 1/31/2045 (c)
|
1,338
|
1,431
|
|
Yinson Boronia Production BV 8.95%, 7/31/2042 (c)
|
1,381
|
1,518
|
|
|
|
10,517
|
|
Canada — 1.5%
|
||
|
1011778 BC ULC
|
|
|
|
3.88%, 1/15/2028 (c)
|
1,938
|
1,899
|
|
4.00%, 10/15/2030 (c)
|
2,817
|
2,647
|
|
ATS Corp. 4.13%, 12/15/2028 (c)
|
1,162
|
1,132
|
|
Bank of Montreal
|
|
|
|
Series f2f, (SOFR + 0.88%), 4.57%, 9/10/2027 (e)
|
350
|
350
|
|
5.72%, 9/25/2028
|
23
|
24
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.01%), 7.30%, 11/26/2084 (e) (f)
|
4,575
|
4,734
|
|
Bank of Nova Scotia (The)
|
|
|
|
(SOFR + 1.00%), 4.40%, 9/8/2028 (e)
|
300
|
299
|
|
5.65%, 2/1/2034
|
886
|
903
|
|
Series 2, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%),
3.63%, 10/27/2081 (e) (f)
|
1,130
|
1,115
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.39%), 8.63%, 10/27/2082 (e) (f)
|
4,250
|
4,400
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.73%), 6.88%, 10/27/2085 (e) (f)
|
1,425
|
1,415
|
|
Bausch Health Cos., Inc.
|
|
|
|
4.88%, 6/1/2028 (c)
|
3,452
|
3,210
|
|
5.25%, 1/30/2030 (c)
|
4,333
|
2,936
|
|
5.25%, 2/15/2031 (c)
|
3,270
|
1,991
|
|
Bombardier, Inc.
|
|
|
|
8.75%, 11/15/2030 (c)
|
1,515
|
1,596
|
|
7.25%, 7/1/2031 (c)
|
4,566
|
4,756
|
|
7.00%, 6/1/2032 (c)
|
1,621
|
1,670
|
|
6.75%, 6/15/2033 (c)
|
1,135
|
1,169
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
(SOFRINDX + 0.60%), 4.24%, 9/8/2028 (e)
|
247
|
246
|
|
5.26%, 4/8/2029
|
1,257
|
1,271
|
|
Element Fleet Management Corp. 5.64%, 3/13/2027 (c)
|
250
|
251
|
|
Emera US Finance LP 2.64%, 6/15/2031
|
16
|
14
|
|
Enbridge, Inc.
|
|
|
|
4.50%, 2/15/2031
|
405
|
396
|
|
Series 16-A, (3-MONTH CME TERM SOFR + 4.15%), 6.00%, 1/15/2077 (e)
|
1,924
|
1,927
|
|
Series 20-A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.31%),
5.75%, 7/15/2080 (e)
|
10,157
|
10,139
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Canada — continued
|
||
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.42%), 7.63%, 1/15/2083 (e)
|
4,061
|
4,373
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.43%), 8.50%, 1/15/2084 (e)
|
575
|
650
|
|
Federation des Caisses Desjardins du Quebec
|
|
|
|
5.70%, 3/14/2028 (c)
|
266
|
270
|
|
5.25%, 4/26/2029 (a) (c)
|
1,252
|
1,266
|
|
Garda World Security Corp.
|
|
|
|
7.75%, 2/15/2028 (c)
|
1,565
|
1,587
|
|
6.50%, 1/15/2031 (c)
|
1,602
|
1,620
|
|
8.38%, 11/15/2032 (c)
|
1,364
|
1,386
|
|
National Bank of Canada (SOFR + 0.80%), 4.95%, 2/1/2028 (e)
|
250
|
251
|
|
Northriver Midstream Finance LP 6.75%, 7/15/2032 (c)
|
1,273
|
1,283
|
|
NOVA Chemicals Corp.
|
|
|
|
5.25%, 6/1/2027 (c)
|
5,405
|
5,408
|
|
8.50%, 11/15/2028 (c)
|
2,819
|
2,906
|
|
9.00%, 2/15/2030 (c)
|
5,874
|
6,154
|
|
RB Global Holdings, Inc.
|
|
|
|
6.75%, 3/15/2028 (c)
|
766
|
773
|
|
7.75%, 3/15/2031 (c)
|
1,517
|
1,566
|
|
Rogers Communications, Inc.
|
|
|
|
3.80%, 3/15/2032
|
790
|
727
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.84%), 6.88%, 7/31/2056 (e)
|
1,405
|
1,406
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.59%), 5.25%, 3/15/2082 (c) (e)
|
4,421
|
4,404
|
|
Royal Bank of Canada
|
|
|
|
(SOFRINDX + 0.46%), 4.13%, 8/3/2026 (e)
|
457
|
457
|
|
(SOFRINDX + 1.08%), 4.65%, 10/18/2030 (e)
|
970
|
962
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.89%), 7.50%, 5/2/2084 (e) (f)
|
5,406
|
5,583
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.82%), 6.75%, 8/24/2085 (e) (f)
|
1,235
|
1,252
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.50%, 11/24/2085 (e) (f)
|
4,049
|
3,931
|
|
Superior Plus LP 4.50%, 3/15/2029 (c)
|
1,664
|
1,606
|
|
Toronto-Dominion Bank (The)
|
|
|
|
4.99%, 4/5/2029
|
854
|
859
|
|
4.46%, 6/8/2032
|
1,093
|
1,060
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.08%), 8.13%, 10/31/2082 (e) (f)
|
5,676
|
5,849
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.35%, 10/31/2085 (e) (f)
|
7,189
|
7,187
|
|
TransCanada PipeLines Ltd.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.25%), 6.13%, 10/17/2056 (e)
|
709
|
709
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.12%), 6.38%, 10/17/2056 (e)
|
778
|
780
|
|
Transcanada Trust
|
|
|
|
Series 16-A, (3-MONTH SOFR + 4.64%), 5.88%, 8/15/2076 (e)
|
2,598
|
2,597
|
|
(3-MONTH CME TERM SOFR + 4.42%), 5.50%, 9/15/2079 (e)
|
7,546
|
7,463
|
|
Wrangler Holdco Corp. 6.63%, 4/1/2032 (c)
|
2,718
|
2,722
|
|
|
|
129,537
|
|
Colombia — 0.1%
|
||
|
Ecopetrol SA
|
|
|
|
7.75%, 2/1/2032
|
1,330
|
1,371
|
|
8.88%, 1/13/2033
|
600
|
647
|
|
8.38%, 1/19/2036
|
1,469
|
1,547
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Colombia — continued
|
||
|
7.38%, 9/18/2043
|
412
|
396
|
|
5.88%, 5/28/2045
|
350
|
278
|
|
5.88%, 11/2/2051
|
1,000
|
770
|
|
EnfraGen Energia Sur SA 5.38%, 12/30/2030 (b)
|
928
|
871
|
|
Grupo Nutresa SA
|
|
|
|
9.00%, 5/12/2035 (c)
|
900
|
996
|
|
9.00%, 5/12/2035 (b)
|
1,000
|
1,107
|
|
|
|
7,983
|
|
Denmark — 0.0% ^
|
||
|
Danske Bank A/S (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.40%),
5.71%, 3/1/2030 (c) (e)
|
274
|
279
|
|
El Salvador — 0.0% ^
|
||
|
Comision Ejecutiva Hidroelectrica del Rio Lempa 8.65%, 1/24/2033 (c)
|
288
|
308
|
|
Finland — 0.1%
|
||
|
Nordea Bank Abp
|
|
|
|
1.50%, 9/30/2026 (c)
|
578
|
576
|
|
5.38%, 9/22/2027 (c)
|
330
|
333
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.66%), 6.30%, 9/25/2031 (c) (e) (f) (g) (h)
|
2,680
|
2,679
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.75%, 11/10/2033 (c) (e) (f) (g) (h)
|
3,436
|
3,426
|
|
|
|
7,014
|
|
France — 0.7%
|
||
|
Altice France SA
|
|
|
|
9.50%, 11/1/2029 (c)
|
2,361
|
2,394
|
|
6.88%, 10/15/2030 (c)
|
289
|
282
|
|
6.50%, 4/15/2032 (c)
|
2,971
|
2,876
|
|
6.88%, 7/15/2032 (c)
|
2,291
|
2,224
|
|
BNP Paribas SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.97%), 9.25%, 11/17/2027 (c) (e) (f) (g) (h)
|
4,121
|
4,298
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.90%), 7.75%, 8/16/2029 (c) (e) (f) (g) (h)
|
11,268
|
11,754
|
|
(SOFR + 1.59%), 5.50%, 5/20/2030 (c) (e)
|
880
|
891
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 6.88%, 12/15/2033 (c) (e) (f) (g) (h)
|
2,295
|
2,273
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.94%), 7.20%, 4/17/2036 (c) (e) (f) (g) (h)
|
3,000
|
2,978
|
|
BPCE SA (SOFR + 1.98%), 6.61%, 10/19/2027 (c) (e)
|
518
|
520
|
|
Credit Agricole SA
|
|
|
|
4.13%, 1/10/2027 (c)
|
482
|
482
|
|
5.13%, 3/11/2027 (a) (c)
|
476
|
478
|
|
5.30%, 7/12/2028 (c)
|
357
|
362
|
|
(USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 3.60%), 6.70%, 9/23/2034 (c) (e) (f) (g) (h)
|
9,970
|
9,885
|
|
(SOFR + 1.74%), 5.86%, 1/9/2036 (c) (e)
|
620
|
626
|
|
Forvia SE 6.75%, 9/15/2033 (a) (c)
|
766
|
762
|
|
Societe Generale SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.39%), 9.38%, 11/22/2027 (c) (e) (f) (g) (h)
|
5,786
|
6,030
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.50%), 5.52%, 1/19/2028 (c) (e)
|
897
|
900
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.79%), 8.13%, 11/21/2029 (c) (e) (f) (g) (h)
|
3,320
|
3,463
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.51%), 5.38%, 11/18/2030 (c) (e) (f) (g) (h)
|
5,432
|
5,159
|
|
|
|
58,637
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Georgia — 0.0% ^
|
||
|
Georgian Railway JSC 4.00%, 6/17/2028 (b)
|
700
|
673
|
|
Germany — 0.1%
|
||
|
Allianz SE (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.23%),
6.50%, 10/30/2034 (c) (e) (f) (g) (h)
|
1,400
|
1,389
|
|
BMW US Capital LLC 4.60%, 8/13/2027 (c)
|
250
|
250
|
|
Commerzbank AG (USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 4.32%), 7.50%, 10/9/2030 (b) (e) (f) (g) (h)
|
1,400
|
1,452
|
|
Deutsche Telekom International Finance BV 8.25%, 6/15/2030 (i)
|
878
|
978
|
|
IHO Verwaltungs GmbH
|
|
|
|
7.75% (Cash), 11/15/2030 (c) (j)
|
1,816
|
1,882
|
|
8.00% (Cash), 11/15/2032 (c) (j)
|
722
|
758
|
|
7.37% (Cash), 5/15/2033 (c) (j)
|
509
|
528
|
|
Mercedes-Benz Finance North America LLC 4.90%, 11/15/2027 (c)
|
250
|
251
|
|
|
|
7,488
|
|
Ireland — 0.0% ^
|
||
|
AerCap Ireland Capital DAC
|
|
|
|
6.45%, 4/15/2027
|
499
|
505
|
|
3.30%, 1/30/2032
|
200
|
181
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.72%), 6.95%, 3/10/2055 (e)
|
1,247
|
1,276
|
|
Avolon Holdings Funding Ltd. 4.70%, 1/30/2031 (c)
|
930
|
903
|
|
|
|
2,865
|
|
Italy — 0.1%
|
||
|
Fibercop SpA
|
|
|
|
Series 2033, 6.38%, 11/15/2033 (c)
|
856
|
841
|
|
6.00%, 9/30/2034 (c)
|
4,028
|
3,882
|
|
7.72%, 6/4/2038 (c)
|
488
|
506
|
|
Telecom Italia Capital SA
|
|
|
|
6.38%, 11/15/2033
|
147
|
151
|
|
6.00%, 9/30/2034
|
276
|
279
|
|
|
|
5,659
|
|
Jamaica — 0.0% ^
|
||
|
Digicel International Finance Ltd. 8.63%, 8/1/2032 (c)
|
1,349
|
1,388
|
|
Kingston Airport Revenue Finance Ltd. 6.75%, 12/15/2036 (c)
|
1,298
|
1,292
|
|
|
|
2,680
|
|
Japan — 0.1%
|
||
|
Kioxia Holdings Corp. 6.25%, 7/24/2030 (c)
|
4,907
|
5,018
|
|
Mitsubishi UFJ Financial Group, Inc. (US Treasury Yield Curve Rate T Note Constant
Maturity 1 Year + 0.67%), 1.64%,
10/13/2027 (e)
|
663
|
659
|
|
Mizuho Financial Group, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.08%), 5.38%, 7/10/2030 (e)
|
267
|
270
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.30%), 5.59%, 7/10/2035 (e)
|
420
|
422
|
|
NTT Finance Corp. 4.57%, 7/16/2027 (c)
|
250
|
250
|
|
Sumitomo Mitsui Financial Group, Inc.
|
|
|
|
5.80%, 7/13/2028 (a)
|
250
|
256
|
|
5.32%, 7/9/2029
|
377
|
382
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.28%), 6.60%, 6/5/2034 (e) (f) (g) (h)
|
2,696
|
2,689
|
|
|
|
9,946
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Kyrgyzstan — 0.0% ^
|
||
|
Eldik Bank OAO 8.50%, 4/23/2031 (a) (c)
|
893
|
892
|
|
Luxembourg — 0.1%
|
||
|
Altice Financing SA 5.75%, 8/15/2029 (c)
|
4,343
|
2,740
|
|
Altice France Lux 3 10.00%, 1/15/2033 (c)
|
834
|
818
|
|
INEOS Finance plc
|
|
|
|
6.75%, 5/15/2028 (c)
|
1,877
|
1,870
|
|
7.50%, 4/15/2029 (c)
|
1,780
|
1,748
|
|
|
|
7,176
|
|
Mexico — 0.4%
|
||
|
Comision Federal de Electricidad 6.50%, 1/28/2051 (c)
|
788
|
748
|
|
Petroleos Mexicanos
|
|
|
|
5.95%, 1/28/2031
|
1,460
|
1,433
|
|
6.70%, 2/16/2032
|
6,320
|
6,309
|
|
10.00%, 2/7/2033
|
5,625
|
6,503
|
|
6.38%, 1/23/2045
|
900
|
734
|
|
5.63%, 1/23/2046
|
742
|
569
|
|
6.75%, 9/21/2047
|
850
|
697
|
|
6.35%, 2/12/2048
|
500
|
396
|
|
7.69%, 1/23/2050
|
13,222
|
11,829
|
|
6.95%, 1/28/2060
|
2,900
|
2,333
|
|
Saavi Energia SARL 8.88%, 2/10/2035 (c)
|
1,729
|
1,874
|
|
|
|
33,425
|
|
Mongolia — 0.0% ^
|
||
|
Development Bank of Mongolia LLC 6.90%, 7/2/2031 (c)
|
1,510
|
1,491
|
|
Netherlands — 0.2%
|
||
|
ABN AMRO Bank NV (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.65%),
6.34%, 9/18/2027 (c) (e)
|
200
|
200
|
|
Cooperatieve Rabobank UA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.73%), 1.98%, 12/15/2027 (c) (e)
|
797
|
790
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.40%), 5.56%, 2/28/2029 (c) (e)
|
552
|
560
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.12%), 5.45%, 3/5/2030 (c) (e)
|
552
|
559
|
|
ING Groep NV
|
|
|
|
3.95%, 3/29/2027
|
729
|
727
|
|
(USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 4.36%), 8.00%, 5/16/2030 (b) (e) (f) (g) (h)
|
12,939
|
13,706
|
|
|
|
16,542
|
|
New Zealand — 0.0% ^
|
||
|
ASB Bank Ltd. 1.63%, 10/22/2026 (a) (c)
|
262
|
261
|
|
Paraguay — 0.0% ^
|
||
|
Bioceanico Sovereign Certificate Ltd., Zero Coupon, 6/5/2034 (c)
|
269
|
219
|
|
Peru — 0.0% ^
|
||
|
Petroleos del Peru SA
|
|
|
|
4.75%, 6/19/2032 (c)
|
900
|
773
|
|
4.75%, 6/19/2032 (a) (c)
|
500
|
430
|
|
5.63%, 6/19/2047 (b)
|
2,600
|
1,863
|
|
|
|
3,066
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
Serbia — 0.0% ^
|
||
|
Telecommunications co Telekom Srbija AD Belgrade 7.25%, 5/18/2031 (c)
|
2,349
|
2,320
|
|
South Africa — 0.1%
|
||
|
Eskom Holdings, 8.45%, 8/10/2028 (b)
|
2,200
|
2,305
|
|
Transnet 8.25%, 2/6/2028 (c)
|
1,600
|
1,653
|
|
|
|
3,958
|
|
Spain — 0.4%
|
||
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
|
5.38%, 3/13/2029
|
400
|
406
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.10%), 9.38%, 3/19/2029 (e) (f) (g) (h)
|
10,409
|
11,261
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.99%), 7.13%, 5/8/2033 (e) (f) (g) (h)
|
2,200
|
2,199
|
|
Banco Santander SA
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.25%), 5.55%, 3/14/2028 (e)
|
400
|
402
|
|
5.44%, 7/15/2031
|
1,200
|
1,214
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.30%), 9.63%, 5/21/2033 (e) (f) (g) (h)
|
9,800
|
11,406
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.91%), 8.00%, 2/1/2034 (e) (f) (g) (h)
|
4,600
|
4,900
|
|
Grifols SA 4.75%, 10/15/2028 (c)
|
2,824
|
2,755
|
|
|
|
34,543
|
|
Sweden — 0.1%
|
||
|
Skandinaviska Enskilda Banken AB
|
|
|
|
4.38%, 6/2/2028 (c)
|
200
|
200
|
|
5.38%, 3/5/2029 (c)
|
1,218
|
1,234
|
|
Svenska Handelsbanken AB
|
|
|
|
5.50%, 6/15/2028 (c)
|
856
|
869
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.05%), 4.75%, 3/1/2031 (b) (e) (f) (g) (h)
|
2,800
|
2,644
|
|
Swedbank AB 5.34%, 9/20/2027 (c)
|
350
|
353
|
|
|
|
5,300
|
|
Switzerland — 0.3%
|
||
|
UBS Group AG
|
|
|
|
(USD SOFR Spread-Adjusted ICE Swap Rate 1 Year + 1.34%), 5.62%, 9/13/2030 (c) (e)
|
288
|
293
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.76%), 9.25%, 11/13/2033 (c) (e) (f) (g) (h)
|
13,592
|
15,540
|
|
(USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 3.32%), 7.00%, 1/8/2036 (c) (e) (f) (g) (h)
|
5,206
|
5,178
|
|
VistaJet Malta Finance plc 9.50%, 6/1/2028 (a) (c)
|
1,844
|
1,872
|
|
|
|
22,883
|
|
Turkey — 0.0% ^
|
||
|
TC Ziraat Bankasi A/S
|
|
|
|
8.00%, 1/16/2029 (b)
|
1,400
|
1,442
|
|
7.25%, 2/4/2030 (c)
|
2,095
|
2,100
|
|
|
|
3,542
|
|
United Kingdom — 0.8%
|
||
|
Barclays plc
|
|
|
|
(SOFR + 1.49%), 5.67%, 3/12/2028 (e)
|
350
|
352
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.43%), 8.00%, 3/15/2029 (e) (f) (g) (h)
|
2,749
|
2,892
|
|
(USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 5.78%), 9.63%, 12/15/2029 (e) (f) (g) (h)
|
1,500
|
1,653
|
|
(SOFR + 1.74%), 5.69%, 3/12/2030 (e)
|
221
|
224
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United Kingdom — continued
|
||
|
BAT Capital Corp.
|
|
|
|
5.83%, 2/20/2031
|
835
|
861
|
|
5.35%, 8/15/2032
|
525
|
531
|
|
Connect Finco SARL 9.00%, 9/15/2029 (c)
|
2,325
|
2,439
|
|
HSBC Holdings plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.86%), 8.00%, 3/7/2028 (e) (f) (g) (h)
|
8,840
|
9,128
|
|
(SOFR + 2.11%), 4.76%, 6/9/2028 (e)
|
250
|
250
|
|
(SOFR + 1.73%), 2.01%, 9/22/2028 (e)
|
663
|
643
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.65%), 4.60%, 12/17/2030 (e) (f) (g) (h)
|
6,541
|
6,108
|
|
(SOFR + 1.52%), 5.73%, 5/17/2032 (e)
|
1,232
|
1,256
|
|
(SOFR + 1.19%), 2.80%, 5/24/2032 (e)
|
1,201
|
1,074
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.19%), 6.95%, 3/11/2034 (e) (f) (g) (h)
|
2,380
|
2,433
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.80%), 7.00%, 9/24/2035 (e) (f) (g) (h)
|
3,405
|
3,452
|
|
INEOS Quattro Finance 2 plc 9.63%, 3/15/2029 (a) (c)
|
1,867
|
1,650
|
|
Lloyds Banking Group plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.38%), 5.46%, 1/5/2028 (e)
|
318
|
319
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.15%), 6.75%, 9/27/2031 (e) (f) (g) (h)
|
2,000
|
2,034
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.75%), 5.68%, 1/5/2035 (e)
|
2,100
|
2,120
|
|
Nationwide Building Society
|
|
|
|
(SOFR + 1.91%), 6.56%, 10/18/2027 (c) (e)
|
250
|
251
|
|
5.13%, 7/29/2029 (c)
|
663
|
667
|
|
NatWest Group plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.10%), 4.60%, 6/28/2031 (e) (f) (g) (h)
|
4,432
|
4,069
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.75%), 8.13%, 11/10/2033 (e) (f) (g) (h)
|
3,952
|
4,301
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.50%), 5.78%, 3/1/2035 (e)
|
3,080
|
3,133
|
|
Santander UK Group Holdings plc (SOFR + 1.22%), 2.47%, 1/11/2028 (e)
|
250
|
248
|
|
Standard Chartered plc
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.98%), 7.75%, 8/15/2027 (c) (e) (f) (g) (h)
|
3,866
|
3,954
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.85%), 6.75%, 2/8/2028 (c) (e)
|
500
|
505
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.57%), 7.88%, 3/8/2030 (c) (e) (f) (g) (h)
|
2,500
|
2,621
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.87%), 7.00%, 11/14/2035 (c) (e) (f) (g) (h)
|
1,714
|
1,701
|
|
Virgin Media Secured Finance plc 5.50%, 5/15/2029 (c)
|
4,295
|
3,856
|
|
Vodafone Group plc (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year +
2.77%), 4.13%, 6/4/2081 (e)
|
6,106
|
5,596
|
|
|
|
70,321
|
|
United States — 25.0%
|
||
|
1261229 BC Ltd. 10.00%, 4/15/2032 (c)
|
4,214
|
4,308
|
|
AbbVie, Inc.
|
|
|
|
4.88%, 3/15/2030
|
985
|
988
|
|
4.05%, 11/21/2039
|
37
|
32
|
|
Acadia Healthcare Co., Inc.
|
|
|
|
5.50%, 7/1/2028 (c)
|
2,382
|
2,367
|
|
5.00%, 4/15/2029 (c)
|
1,465
|
1,434
|
|
7.38%, 3/15/2033 (a) (c)
|
663
|
684
|
|
Accendra Health, Inc.
|
|
|
|
9.00%, 6/15/2032 (a) (c)
|
6,329
|
6,040
|
|
9.75%, 6/15/2033 (a) (c)
|
4,047
|
2,643
|
|
ACCO Brands Corp. 4.25%, 3/15/2029 (a) (c)
|
5,228
|
4,928
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Acushnet Co. 5.63%, 12/1/2033 (c)
|
442
|
433
|
|
Adient Global Holdings Ltd.
|
|
|
|
7.00%, 4/15/2028 (c)
|
3,096
|
3,142
|
|
8.25%, 4/15/2031 (a) (c)
|
5,929
|
6,165
|
|
7.50%, 2/15/2033 (a) (c)
|
2,524
|
2,605
|
|
ADT Security Corp. (The)
|
|
|
|
4.13%, 8/1/2029 (c)
|
4,176
|
4,000
|
|
4.88%, 7/15/2032 (c)
|
6,595
|
6,170
|
|
Advanced Drainage Systems, Inc. 5.38%, 3/1/2034 (c)
|
658
|
637
|
|
AECOM 6.00%, 8/1/2033 (c)
|
2,366
|
2,352
|
|
Aethon United BR LP 7.50%, 10/1/2029 (c)
|
918
|
952
|
|
Albertsons Cos., Inc.
|
|
|
|
3.50%, 3/15/2029 (c)
|
5,902
|
5,555
|
|
4.88%, 2/15/2030 (c)
|
858
|
819
|
|
5.50%, 3/31/2031 (c)
|
675
|
649
|
|
5.63%, 3/31/2032 (c)
|
3,226
|
3,069
|
|
Alcoa Nederland Holding BV 7.13%, 3/15/2031 (c)
|
4,251
|
4,374
|
|
Alexandria Real Estate Equities, Inc., REIT
|
|
|
|
2.75%, 12/15/2029
|
18
|
17
|
|
2.95%, 3/15/2034
|
7
|
6
|
|
Alliant Energy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
+ 2.08%), 5.75%, 4/1/2056 (e)
|
890
|
873
|
|
Allied Universal Holdco LLC 4.63%, 6/1/2028 (c)
|
1,936
|
1,904
|
|
Allison Transmission, Inc.
|
|
|
|
4.75%, 10/1/2027 (c)
|
3,337
|
3,321
|
|
5.88%, 6/1/2029 (c)
|
8,296
|
8,323
|
|
3.75%, 1/30/2031 (c)
|
1,281
|
1,188
|
|
5.88%, 12/1/2033 (c)
|
795
|
783
|
|
Allstate Corp. (The) (3-MONTH SOFR + 2.12%), 6.50%, 5/15/2057 (e)
|
2,669
|
2,708
|
|
Altria Group, Inc.
|
|
|
|
4.80%, 2/14/2029
|
18
|
18
|
|
5.63%, 2/6/2035
|
185
|
186
|
|
Alumina Pty. Ltd.
|
|
|
|
6.13%, 3/15/2030 (c)
|
1,222
|
1,232
|
|
6.38%, 9/15/2032 (c)
|
1,414
|
1,423
|
|
Amazon.com, Inc.
|
|
|
|
4.25%, 3/13/2031
|
300
|
291
|
|
4.80%, 7/9/2031
|
410
|
406
|
|
6.10%, 7/9/2056
|
140
|
134
|
|
American Airlines, Inc. 5.75%, 4/20/2029 (c)
|
9,216
|
9,165
|
|
American Axle & Manufacturing, Inc. 6.88%, 7/1/2028
|
1,669
|
1,669
|
|
American Builders & Contractors Supply Co., Inc. 4.00%, 1/15/2028 (c)
|
2,840
|
2,797
|
|
American Express Co.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 3.55%, 9/15/2026 (e) (g) (h)
|
3,302
|
3,294
|
|
(SOFR + 0.93%), 5.04%, 7/26/2028 (e)
|
209
|
210
|
|
American Honda Finance Corp. (SOFR + 0.87%), 4.53%, 7/9/2027 (e)
|
67
|
67
|
|
American Tower Corp., REIT
|
|
|
|
1.45%, 9/15/2026
|
22
|
22
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
1.50%, 1/31/2028
|
74
|
71
|
|
5.00%, 1/31/2030
|
955
|
956
|
|
2.10%, 6/15/2030
|
27
|
24
|
|
AmeriGas Partners LP
|
|
|
|
9.38%, 6/1/2028 (c)
|
2,008
|
2,053
|
|
9.50%, 6/1/2030 (c)
|
1,411
|
1,513
|
|
6.88%, 6/1/2031 (c)
|
1,558
|
1,582
|
|
Amkor Technology, Inc. 5.88%, 10/1/2033 (c)
|
1,856
|
1,805
|
|
Antero Midstream Partners LP
|
|
|
|
5.75%, 1/15/2028 (c)
|
4,346
|
4,343
|
|
5.38%, 6/15/2029 (c)
|
4,274
|
4,261
|
|
5.75%, 10/15/2033 (c)
|
1,463
|
1,437
|
|
Antero Resources Corp. 5.38%, 3/1/2030 (c)
|
1,444
|
1,446
|
|
Anywhere Real Estate Group LLC
|
|
|
|
5.25%, 4/15/2030 (c)
|
5,332
|
5,112
|
|
9.75%, 4/15/2030 (c)
|
2,074
|
2,222
|
|
AP Core Holdings II LLC 11.00%, 5/15/2031 (c)
|
1,683
|
1,757
|
|
APi Group DE, Inc.
|
|
|
|
4.13%, 7/15/2029 (a) (c)
|
2,650
|
2,544
|
|
4.75%, 10/15/2029 (c)
|
2,087
|
2,038
|
|
APLD ComputeCo 2 LLC 6.75%, 3/15/2031 (a) (c)
|
3,251
|
3,178
|
|
Aramark Services, Inc. 5.00%, 2/1/2028 (c)
|
7,883
|
7,857
|
|
Arches Buyer, Inc.
|
|
|
|
4.25%, 6/1/2028 (c)
|
1,690
|
1,637
|
|
6.13%, 12/1/2028 (a) (c)
|
619
|
605
|
|
9.00%, 8/15/2031 (c)
|
1,694
|
1,703
|
|
Archrock Partners LP 6.63%, 9/1/2032 (c)
|
1,652
|
1,676
|
|
Archrock Services LP 6.00%, 2/1/2034 (c)
|
686
|
671
|
|
Ardagh Group SA
|
|
|
|
9.50%, 12/1/2030 (c)
|
3,754
|
3,978
|
|
11.00% (Blend (Cash 6.00% + PIK 5.00%)), 12/1/2030 (c) (j)
|
3,920
|
3,597
|
|
Asbury Automotive Group, Inc.
|
|
|
|
4.50%, 3/1/2028
|
408
|
404
|
|
4.63%, 11/15/2029 (c)
|
4,368
|
4,236
|
|
4.75%, 3/1/2030
|
422
|
409
|
|
Ascent Resources Utica Holdings LLC
|
|
|
|
5.88%, 6/30/2029 (c)
|
1,095
|
1,091
|
|
6.63%, 10/15/2032 (c)
|
1,452
|
1,460
|
|
6.63%, 7/15/2033 (c)
|
1,574
|
1,581
|
|
Asurion LLC 8.00%, 12/31/2032 (c)
|
2,671
|
2,702
|
|
AT&T, Inc.
|
|
|
|
4.55%, 11/1/2032
|
480
|
461
|
|
4.90%, 11/1/2035
|
365
|
344
|
|
AthenaHealth Group, Inc.
|
|
|
|
6.50%, 2/15/2030 (c)
|
3,071
|
2,962
|
|
7.50%, 2/15/2032 (c)
|
1,125
|
1,153
|
|
Athene Global Funding 4.86%, 8/27/2026 (c)
|
212
|
212
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Athene Holding Ltd. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
+ 2.58%), 6.88%, 6/28/2055 (e)
|
3,545
|
3,348
|
|
ATI, Inc.
|
|
|
|
4.88%, 10/1/2029
|
1,673
|
1,646
|
|
7.25%, 8/15/2030
|
1,866
|
1,924
|
|
5.13%, 10/1/2031
|
1,252
|
1,222
|
|
5.88%, 6/15/2033
|
1,811
|
1,822
|
|
Avantor Funding, Inc. 4.63%, 7/15/2028 (c)
|
10,013
|
9,875
|
|
Avient Corp. 7.13%, 8/1/2030 (c)
|
1,137
|
1,154
|
|
Avis Budget Car Rental LLC
|
|
|
|
5.75%, 7/15/2027 (c)
|
68
|
68
|
|
5.75%, 7/15/2027 (a) (c)
|
2,082
|
2,082
|
|
4.75%, 4/1/2028 (c)
|
2,564
|
2,522
|
|
5.38%, 3/1/2029 (a) (c)
|
5,026
|
4,893
|
|
8.25%, 1/15/2030 (a) (c)
|
3,876
|
3,933
|
|
8.00%, 2/15/2031 (a) (c)
|
434
|
433
|
|
8.38%, 6/15/2032 (a) (c)
|
2,128
|
2,118
|
|
Axalta Coating Systems Dutch Holding B BV 7.25%, 2/15/2031 (c)
|
832
|
860
|
|
Axalta Coating Systems LLC
|
|
|
|
4.75%, 6/15/2027 (c)
|
4,598
|
4,586
|
|
3.38%, 2/15/2029 (c)
|
4,455
|
4,238
|
|
Axon Enterprise, Inc.
|
|
|
|
6.13%, 3/15/2030 (c)
|
492
|
498
|
|
6.25%, 3/15/2033 (c)
|
696
|
706
|
|
Bank of America Corp.
|
|
|
|
Series RR, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.76%),
4.38%, 1/27/2027 (e) (g) (h)
|
2,627
|
2,611
|
|
Series TT, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%),
6.13%, 4/27/2027 (e) (g) (h)
|
2,778
|
2,793
|
|
Series FF, (3-MONTH CME TERM SOFR + 3.19%), 5.88%, 3/15/2028 (e) (g) (h)
|
4,378
|
4,392
|
|
(3-MONTH CME TERM SOFR + 1.63%), 3.59%, 7/21/2028 (e)
|
250
|
248
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.63%, 5/1/2030 (e) (g) (h)
|
4,600
|
4,696
|
|
(3-MONTH CME TERM SOFR + 1.44%), 3.19%, 7/23/2030 (e)
|
464
|
442
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.35%), 6.25%, 7/26/2030 (e) (g) (h)
|
6,205
|
6,211
|
|
(SOFR + 1.21%), 2.57%, 10/20/2032 (e)
|
694
|
612
|
|
(SOFR + 1.83%), 4.57%, 4/27/2033 (e)
|
950
|
920
|
|
(SOFR + 1.65%), 5.47%, 1/23/2035 (e)
|
673
|
676
|
|
Bank of New York Mellon Corp. (The)
|
|
|
|
Series F, (3-MONTH CME TERM SOFR + 3.39%), 4.63%, 9/20/2026 (e) (g) (h)
|
6,537
|
6,526
|
|
(SOFR + 0.68%), 4.44%, 6/9/2028 (e)
|
260
|
260
|
|
(SOFRINDX + 2.07%), 5.83%, 10/25/2033 (e)
|
22
|
23
|
|
Bath & Body Works, Inc.
|
|
|
|
6.88%, 11/1/2035
|
1,024
|
1,035
|
|
6.75%, 7/1/2036
|
2,220
|
2,195
|
|
Bausch + Lomb Corp. 8.38%, 10/1/2028 (c)
|
745
|
764
|
|
Bausch Health Americas, Inc. 8.50%, 1/31/2027 (c)
|
4,056
|
4,032
|
|
Biogen, Inc. 5.05%, 1/15/2031
|
810
|
814
|
|
Block, Inc.
|
|
|
|
5.63%, 8/15/2030 (c)
|
1,004
|
999
|
|
6.50%, 5/15/2032
|
6,278
|
6,343
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
6.00%, 8/15/2033 (c)
|
1,248
|
1,238
|
|
Blue Racer Midstream LLC
|
|
|
|
7.00%, 7/15/2029 (c)
|
1,380
|
1,416
|
|
7.25%, 7/15/2032 (c)
|
1,724
|
1,771
|
|
Boise Cascade Co. 4.88%, 7/1/2030 (a) (c)
|
871
|
853
|
|
Bond US Bidco 1, Inc. 7.13%, 6/15/2033 (c)
|
1,548
|
1,558
|
|
Boyne USA, Inc. 4.75%, 5/15/2029 (c)
|
3,692
|
3,588
|
|
BP Capital Markets America, Inc., 3.02%, 1/16/2027
|
258
|
257
|
|
BP Capital Markets plc (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
+ 2.15%), 6.45%, 12/1/2033 (e) (g)
(h)
|
1,918
|
1,969
|
|
Brink's Co. (The)
|
|
|
|
4.63%, 10/15/2027 (c)
|
3,821
|
3,796
|
|
6.50%, 6/15/2029 (c)
|
1,060
|
1,079
|
|
Broadcom, Inc.
|
|
|
|
4.30%, 11/15/2032
|
32
|
30
|
|
2.60%, 2/15/2033
|
915
|
771
|
|
Buckeye Partners LP
|
|
|
|
3.95%, 12/1/2026
|
2,451
|
2,439
|
|
4.50%, 3/1/2028 (c)
|
4,973
|
4,907
|
|
6.75%, 2/1/2030 (c)
|
1,697
|
1,739
|
|
Builders FirstSource, Inc.
|
|
|
|
5.00%, 3/1/2030 (c)
|
1,134
|
1,099
|
|
4.25%, 2/1/2032 (c)
|
3,059
|
2,784
|
|
6.38%, 6/15/2032 (c)
|
3,428
|
3,408
|
|
6.38%, 3/1/2034 (c)
|
2,258
|
2,216
|
|
6.75%, 5/15/2035 (c)
|
1,197
|
1,185
|
|
Bunge Ltd. Finance Corp.
|
|
|
|
4.80%, 3/19/2033
|
125
|
122
|
|
5.15%, 3/19/2036
|
375
|
365
|
|
BWX Technologies, Inc.
|
|
|
|
4.13%, 6/30/2028 (c)
|
2,648
|
2,583
|
|
4.13%, 4/15/2029 (c)
|
4,744
|
4,554
|
|
Caesars Entertainment, Inc.
|
|
|
|
7.00%, 2/15/2030 (c)
|
4,047
|
4,060
|
|
6.50%, 2/15/2032 (c)
|
6,143
|
5,870
|
|
Capital One Financial Corp. Series M, (US Treasury Yield Curve Rate T Note Constant
Maturity 5 Year + 3.16%), 3.95%,
9/1/2026 (e) (g) (h)
|
5,396
|
5,384
|
|
Cardinal Health, Inc. 4.70%, 11/15/2026
|
62
|
62
|
|
Carnival Corp. Ltd.
|
|
|
|
4.00%, 8/1/2028 (c)
|
1,016
|
995
|
|
7.00%, 8/15/2029 (c)
|
1,239
|
1,282
|
|
5.75%, 3/15/2030 (c)
|
1,795
|
1,798
|
|
5.88%, 6/15/2031 (c)
|
1,785
|
1,786
|
|
5.75%, 8/1/2032 (c)
|
5,779
|
5,726
|
|
6.13%, 2/15/2033 (a) (c)
|
4,351
|
4,351
|
|
Carpenter Technology Corp. 5.63%, 3/1/2034 (c)
|
728
|
718
|
|
Caturus Energy LLC 7.13%, 5/15/2031 (c)
|
990
|
981
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
CCO Holdings LLC
|
|
|
|
5.00%, 2/1/2028 (c)
|
9,594
|
9,472
|
|
4.75%, 3/1/2030 (c)
|
38,667
|
36,128
|
|
4.50%, 8/15/2030 (c)
|
19,273
|
17,585
|
|
4.25%, 2/1/2031 (c)
|
16,632
|
14,721
|
|
7.38%, 3/1/2031 (a) (c)
|
6,772
|
6,745
|
|
4.75%, 2/1/2032 (a) (c)
|
5,649
|
4,936
|
|
4.50%, 5/1/2032 (a)
|
1,342
|
1,157
|
|
7.00%, 2/1/2033 (a) (c)
|
2,133
|
2,044
|
|
CD&R Smokey Buyer, Inc. 9.50%, 10/15/2029 (c)
|
3,428
|
1,682
|
|
Celanese US Holdings LLC
|
|
|
|
7.00%, 2/15/2031
|
1,684
|
1,727
|
|
7.38%, 2/15/2034 (a)
|
8,140
|
8,373
|
|
Cencora, Inc. 2.70%, 3/15/2031
|
1,125
|
1,019
|
|
Central Garden & Pet Co.
|
|
|
|
5.13%, 2/1/2028
|
6,621
|
6,614
|
|
4.13%, 10/15/2030
|
3,493
|
3,300
|
|
Charles Schwab Corp. (The)
|
|
|
|
Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 3.08%),
4.00%, 12/1/2030 (e) (g) (h)
|
11,818
|
10,913
|
|
Series L, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.25%),
6.10%, 6/1/2031 (e) (g) (h)
|
1,159
|
1,143
|
|
Charlotte Buyer, Inc. 8.00%, 6/30/2031 (c)
|
756
|
764
|
|
Charter Communications Operating LLC
|
|
|
|
6.65%, 2/1/2034
|
610
|
606
|
|
6.55%, 6/1/2034
|
550
|
544
|
|
Chemours Co. (The)
|
|
|
|
5.75%, 11/15/2028 (c)
|
6,598
|
6,565
|
|
8.00%, 1/15/2033 (c)
|
1,528
|
1,504
|
|
7.88%, 3/15/2034 (c)
|
1,726
|
1,680
|
|
Cheniere Energy Partners LP 3.25%, 1/31/2032
|
497
|
450
|
|
Chevron Phillips Chemical Co. LLC 3.40%, 12/1/2026 (a) (c)
|
155
|
154
|
|
Chord Energy Corp.
|
|
|
|
6.00%, 10/1/2030 (c)
|
2,359
|
2,367
|
|
6.75%, 3/15/2033 (c)
|
1,748
|
1,780
|
|
Churchill Downs, Inc. 5.75%, 4/1/2030 (c)
|
5,990
|
5,972
|
|
Ciena Corp. 4.00%, 1/31/2030 (c)
|
2,389
|
2,267
|
|
Cinemark USA, Inc.
|
|
|
|
5.25%, 7/15/2028 (c)
|
2,110
|
2,095
|
|
7.00%, 8/1/2032 (c)
|
1,454
|
1,491
|
|
Cipher Compute LLC 7.13%, 11/15/2030 (c)
|
2,623
|
2,675
|
|
Citigroup, Inc.
|
|
|
|
Series CC, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.69%),
7.13%, 8/15/2029 (e) (g) (h)
|
4,928
|
5,012
|
|
Series EE, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.57%),
6.75%, 2/15/2030 (e) (g) (h)
|
1,880
|
1,882
|
|
Series FF, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.73%),
6.95%, 2/15/2030 (e) (g) (h)
|
3,789
|
3,822
|
|
Series GG, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.89%),
6.88%, 8/15/2030 (e) (g) (h)
|
5,796
|
5,852
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 6.63%, 2/15/2031 (e) (g) (h)
|
5,502
|
5,527
|
|
(SOFR + 2.11%), 2.57%, 6/3/2031 (e)
|
972
|
888
|
|
(SOFR + 1.18%), 2.52%, 11/3/2032 (e)
|
464
|
407
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
(SOFR + 1.35%), 3.06%, 1/25/2033 (e)
|
850
|
762
|
|
(SOFR + 1.94%), 3.79%, 3/17/2033 (a) (e)
|
913
|
849
|
|
Series DD, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 2.76%),
7.00%, 8/15/2034 (e) (g) (h)
|
6,264
|
6,403
|
|
Clarios Global LP
|
|
|
|
6.75%, 5/15/2028 (c)
|
4,091
|
4,142
|
|
6.75%, 2/15/2030 (c)
|
2,386
|
2,447
|
|
6.75%, 9/15/2032 (c)
|
3,468
|
3,494
|
|
Clarivate Science Holdings Corp.
|
|
|
|
3.88%, 7/1/2028 (c)
|
2,478
|
2,394
|
|
4.88%, 7/1/2029 (c)
|
2,871
|
2,644
|
|
Clean Harbors, Inc. 5.75%, 10/15/2033 (c)
|
1,877
|
1,866
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
7.75%, 4/15/2028 (c)
|
4,871
|
4,879
|
|
7.50%, 6/1/2029 (c)
|
7,562
|
7,574
|
|
7.13%, 2/15/2031 (c)
|
7,380
|
7,612
|
|
7.50%, 3/15/2033 (c)
|
3,555
|
3,726
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
4.63%, 3/1/2029 (c)
|
3,114
|
3,020
|
|
6.88%, 11/1/2029 (c)
|
2,542
|
2,569
|
|
6.75%, 4/15/2030 (c)
|
2,683
|
2,699
|
|
4.88%, 3/1/2031 (c)
|
1,817
|
1,675
|
|
7.50%, 9/15/2031 (c)
|
1,570
|
1,602
|
|
7.63%, 1/15/2034 (c)
|
913
|
924
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
6.63%, 4/15/2029 (c)
|
144
|
143
|
|
6.75%, 4/15/2032 (c)
|
5,796
|
5,520
|
|
CMS Energy Corp.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.12%), 4.75%, 6/1/2050 (e)
|
3,823
|
3,718
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.90%), 3.75%, 12/1/2050 (e)
|
1,100
|
1,013
|
|
CNX Midstream Partners LP 4.75%, 4/15/2030 (c)
|
846
|
811
|
|
CNX Resources Corp.
|
|
|
|
7.38%, 1/15/2031 (c)
|
2,432
|
2,485
|
|
5.88%, 3/1/2034 (c)
|
1,293
|
1,253
|
|
Coherent Corp. 5.00%, 12/15/2029 (c)
|
9,333
|
9,132
|
|
Coinbase Global, Inc.
|
|
|
|
3.38%, 10/1/2028 (c)
|
1,548
|
1,469
|
|
3.63%, 10/1/2031 (c)
|
1,710
|
1,479
|
|
Columbia Pipelines Operating Co. LLC 5.93%, 8/15/2030 (c)
|
1,195
|
1,233
|
|
Commercial Metals Co. 5.75%, 11/15/2033 (c)
|
1,915
|
1,881
|
|
Community Health Systems, Inc.
|
|
|
|
6.00%, 1/15/2029 (c)
|
1,849
|
1,817
|
|
6.13%, 4/1/2030 (a) (c)
|
529
|
444
|
|
5.25%, 5/15/2030 (c)
|
10,175
|
9,396
|
|
4.75%, 2/15/2031 (c)
|
2,253
|
2,010
|
|
10.88%, 1/15/2032 (c)
|
1,943
|
2,049
|
|
Compass Minerals International, Inc. 8.00%, 7/1/2030 (c)
|
1,274
|
1,331
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Comstock Resources, Inc.
|
|
|
|
6.75%, 3/1/2029 (c)
|
6,460
|
6,362
|
|
5.88%, 1/15/2030 (c)
|
3,234
|
3,047
|
|
Concentra Health Services, Inc. 6.88%, 7/15/2032 (a) (c)
|
1,130
|
1,162
|
|
Conduent Business Services LLC 6.00%, 11/1/2029 (a) (c)
|
4,123
|
3,535
|
|
Connect Holding II LLC 10.50%, 4/3/2031 (c)
|
4,762
|
4,660
|
|
Cooper-Standard Automotive, Inc. 9.25%, 3/1/2031 (c)
|
10,562
|
10,751
|
|
Core & Main LP 6.00%, 7/1/2034 (c)
|
1,146
|
1,140
|
|
Corebridge Financial, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 3.18%), 6.88%, 12/1/2030 (e)
(g) (h)
|
6,912
|
7,068
|
|
CoreCivic, Inc. 8.25%, 4/15/2029
|
4,303
|
4,467
|
|
CoreWeave, Inc.
|
|
|
|
9.25%, 6/1/2030 (a) (c)
|
3,505
|
3,276
|
|
9.00%, 2/1/2031 (a) (c)
|
3,823
|
3,451
|
|
9.63%, 7/15/2032 (c)
|
2,383
|
2,133
|
|
Coty, Inc. 4.75%, 1/15/2029 (c)
|
893
|
877
|
|
Crescent Energy Finance LLC
|
|
|
|
7.63%, 4/1/2032 (c)
|
4,424
|
4,471
|
|
7.88%, 4/15/2032 (c)
|
4,598
|
4,682
|
|
7.38%, 1/15/2033 (c)
|
3,318
|
3,333
|
|
8.38%, 1/15/2034 (c)
|
3,125
|
3,224
|
|
Crown Castle, Inc., REIT
|
|
|
|
3.65%, 9/1/2027
|
55
|
54
|
|
4.90%, 9/1/2029
|
1,035
|
1,032
|
|
CSC Holdings LLC
|
|
|
|
5.38%, 2/1/2028 (c)
|
830
|
481
|
|
11.25%, 5/15/2028 (c)
|
362
|
210
|
|
11.75%, 1/31/2029 (c)
|
691
|
396
|
|
6.50%, 2/1/2029 (c)
|
11,012
|
6,235
|
|
3.38%, 2/15/2031 (c)
|
1,735
|
960
|
|
4.50%, 11/15/2031 (c)
|
2,518
|
1,395
|
|
CVR Partners LP 6.13%, 6/15/2028 (c)
|
214
|
214
|
|
Cyprium Corp. 6.13%, 4/15/2031 (c)
|
1,748
|
1,732
|
|
DaVita, Inc.
|
|
|
|
4.63%, 6/1/2030 (c)
|
8,804
|
8,486
|
|
3.75%, 2/15/2031 (c)
|
4,885
|
4,506
|
|
6.88%, 9/1/2032 (a) (c)
|
1,654
|
1,700
|
|
Dexko Global, Inc. 7.50%, 4/15/2032 (a) (c)
|
2,861
|
2,382
|
|
Diebold Nixdorf, Inc. 7.75%, 3/31/2030 (c)
|
2,376
|
2,467
|
|
Directv Financing LLC 5.88%, 8/15/2027 (c)
|
638
|
636
|
|
Discovery Communications LLC 5.00%, 9/20/2037
|
836
|
612
|
|
Discovery Global Holdings, Inc.
|
|
|
|
4.28%, 3/15/2032
|
3,547
|
3,152
|
|
5.05%, 3/15/2042
|
2,283
|
1,587
|
|
DISH DBS Corp.
|
|
|
|
5.25%, 12/1/2026 (c)
|
10,065
|
10,015
|
|
5.75%, 12/1/2028 (c) (k)
|
2,450
|
2,364
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
DOC DR LLC, REIT
|
|
|
|
3.95%, 1/15/2028
|
13
|
13
|
|
2.63%, 11/1/2031
|
4
|
4
|
|
Dominion Energy, Inc.
|
|
|
|
Series C, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.20%),
4.35%, 1/15/2027 (e) (g) (h)
|
3,390
|
3,373
|
|
Series B, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.51%),
7.00%, 6/1/2054 (e)
|
1,144
|
1,194
|
|
Series A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.39%),
6.88%, 2/1/2055 (e)
|
1,754
|
1,794
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.21%), 6.63%, 5/15/2055 (e)
|
2,345
|
2,363
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.26%), 6.00%, 2/15/2056 (e)
|
3,945
|
3,905
|
|
Dorman Products, Inc. 6.25%, 6/15/2034 (c)
|
1,748
|
1,753
|
|
DT Midstream, Inc. 4.13%, 6/15/2029 (c)
|
3,973
|
3,875
|
|
Duke Energy Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year +
2.59%), 6.45%, 9/1/2054 (e)
|
3,268
|
3,347
|
|
Dycom Industries, Inc. 4.50%, 4/15/2029 (c)
|
5,999
|
5,823
|
|
EchoStar Corp.
|
|
|
|
10.75%, 11/30/2029
|
5,220
|
5,646
|
|
6.75% (Cash), 11/30/2030 (j)
|
2,844
|
2,884
|
|
Edged Compute LLC 7.50%, 4/30/2031 (c)
|
2,264
|
2,146
|
|
Edgewell Personal Care Co.
|
|
|
|
5.50%, 6/1/2028 (c)
|
5,021
|
5,007
|
|
4.13%, 4/1/2029 (c)
|
2,773
|
2,668
|
|
Elanco Animal Health, Inc. 6.40%, 8/28/2028 (i)
|
1,540
|
1,571
|
|
ELK Grove Village Property LLC 7.50%, 6/15/2031 (c)
|
590
|
568
|
|
Embarq LLC 8.00%, 6/1/2036 (a)
|
2,835
|
695
|
|
Emera US Finance LLC Series B, (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 2.65%), 6.85%,
10/1/2056 (e)
|
2,223
|
2,240
|
|
EMRLD Borrower LP
|
|
|
|
6.63%, 12/15/2030 (c)
|
10,970
|
11,150
|
|
6.75%, 7/15/2031 (c)
|
3,721
|
3,816
|
|
Encompass Health Corp.
|
|
|
|
4.75%, 2/1/2030
|
2,455
|
2,401
|
|
4.63%, 4/1/2031
|
4,634
|
4,460
|
|
Endo Finance Holdings LP 8.50%, 4/15/2031 (c)
|
914
|
963
|
|
Energizer Holdings, Inc.
|
|
|
|
4.75%, 6/15/2028 (c)
|
3,699
|
3,661
|
|
4.38%, 3/31/2029 (c)
|
5,476
|
5,274
|
|
6.00%, 9/15/2033 (c)
|
221
|
209
|
|
Energy Transfer LP
|
|
|
|
6.55%, 12/1/2033
|
420
|
447
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.02%), 8.00%, 5/15/2054 (e)
|
636
|
667
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 6.50%, 2/15/2056 (e)
|
7,575
|
7,576
|
|
Enpro, Inc. 6.13%, 6/1/2033 (c)
|
952
|
954
|
|
Entegris, Inc.
|
|
|
|
4.38%, 4/15/2028 (c)
|
1,542
|
1,514
|
|
4.75%, 4/15/2029 (c)
|
4,804
|
4,724
|
|
3.63%, 5/1/2029 (a) (c)
|
2,939
|
2,795
|
|
5.95%, 6/15/2030 (c)
|
7,764
|
7,767
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Entergy Corp.
|
|
|
|
2.95%, 9/1/2026
|
250
|
250
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.67%), 7.13%, 12/1/2054 (e)
|
1,531
|
1,569
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.18%), 5.88%, 6/15/2056 (e)
|
2,945
|
2,912
|
|
Enterprise Products Operating LLC Series E, (3-MONTH CME TERM SOFR + 3.29%), 5.25%,
8/16/2077 (e)
|
3,227
|
3,219
|
|
EQT Corp.
|
|
|
|
7.50%, 6/1/2030
|
535
|
573
|
|
4.75%, 1/15/2031
|
4,826
|
4,745
|
|
EquipmentShare.com, Inc.
|
|
|
|
9.00%, 5/15/2028 (c)
|
6,422
|
6,520
|
|
8.63%, 5/15/2032 (c)
|
798
|
816
|
|
8.00%, 3/15/2033 (a) (c)
|
1,302
|
1,312
|
|
7.13%, 7/1/2034 (c)
|
1,270
|
1,213
|
|
Equitable Financial Life Global Funding 4.88%, 11/19/2027 (c)
|
132
|
132
|
|
Esab Corp.
|
|
|
|
6.25%, 4/15/2029 (c)
|
1,909
|
1,929
|
|
5.63%, 4/1/2031 (c)
|
1,054
|
1,041
|
|
Escrow Rite Aid 0.00%, 12/31/2049 ‡
|
968
|
—
|
|
EUSHI Finance, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
+ 2.51%), 6.25%, 4/1/2056 (e)
|
2,815
|
2,779
|
|
Expand Energy Corp. 4.75%, 2/1/2032
|
930
|
901
|
|
F&G Global Funding 5.88%, 6/10/2027 (c)
|
160
|
162
|
|
Fair Isaac Corp. 6.00%, 5/15/2033 (c)
|
1,486
|
1,438
|
|
Fifth Third Bancorp
|
|
|
|
Series H, (3-MONTH CME TERM SOFR + 3.29%), 7.03%, 8/30/2026 (e) (g) (h)
|
1,946
|
1,950
|
|
(SOFRINDX + 2.19%), 6.36%, 10/27/2028 (e)
|
301
|
307
|
|
(SOFR + 1.84%), 5.63%, 1/29/2032 (e)
|
398
|
405
|
|
Flash Compute LLC 7.25%, 12/31/2030 (c)
|
2,250
|
2,272
|
|
Ford Motor Credit Co. LLC
|
|
|
|
2.70%, 8/10/2026
|
2,049
|
2,048
|
|
4.27%, 1/9/2027
|
4,668
|
4,659
|
|
4.13%, 8/17/2027
|
1,205
|
1,196
|
|
2.90%, 2/16/2028
|
1,455
|
1,408
|
|
6.80%, 5/12/2028
|
1,944
|
1,994
|
|
2.90%, 2/10/2029
|
880
|
826
|
|
7.20%, 6/10/2030
|
1,296
|
1,356
|
|
5.73%, 9/5/2030
|
1,140
|
1,140
|
|
4.00%, 11/13/2030
|
6,739
|
6,291
|
|
6.47%, 5/22/2036 (a)
|
2,014
|
2,020
|
|
Foundry JV Holdco LLC 5.50%, 1/25/2031 (c)
|
200
|
202
|
|
Galaxy Helios Data Centers II LLC 9.88%, 8/1/2031 (c)
|
3,307
|
3,316
|
|
Gap, Inc. (The) 3.63%, 10/1/2029 (c)
|
2,615
|
2,460
|
|
Gartner, Inc.
|
|
|
|
4.50%, 7/1/2028 (c)
|
2,005
|
1,971
|
|
3.63%, 6/15/2029 (c)
|
1,155
|
1,089
|
|
Gates Corp. 6.88%, 7/1/2029 (c)
|
898
|
916
|
|
GCI LLC 4.75%, 10/15/2028 (c)
|
9,081
|
8,904
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
General Motors Financial Co., Inc.
|
|
|
|
4.30%, 4/6/2029
|
490
|
482
|
|
2.35%, 1/8/2031
|
435
|
386
|
|
Genesis Energy LP
|
|
|
|
8.88%, 4/15/2030
|
2,447
|
2,555
|
|
7.88%, 5/15/2032
|
776
|
801
|
|
6.75%, 3/15/2034
|
1,332
|
1,328
|
|
GEO Group, Inc. (The)
|
|
|
|
8.63%, 4/15/2029
|
3,679
|
3,835
|
|
10.25%, 4/15/2031
|
484
|
522
|
|
GFL Environmental, Inc.
|
|
|
|
4.00%, 8/1/2028 (c)
|
3,868
|
3,772
|
|
4.75%, 6/15/2029 (c)
|
2,818
|
2,746
|
|
6.75%, 1/15/2031 (c)
|
4,493
|
4,547
|
|
Global Infrastructure Solutions, Inc.
|
|
|
|
5.63%, 6/1/2029 (c)
|
3,082
|
3,073
|
|
7.50%, 4/15/2032 (c)
|
3,072
|
3,198
|
|
6.38%, 7/15/2034 (c)
|
1,537
|
1,547
|
|
Global Medical Response, Inc. 7.38%, 10/1/2032 (c)
|
2,492
|
2,536
|
|
Global Payments, Inc.
|
|
|
|
3.20%, 8/15/2029
|
18
|
17
|
|
4.88%, 11/15/2030
|
640
|
623
|
|
Goat Holdco LLC 6.75%, 2/1/2032 (c)
|
1,212
|
1,231
|
|
Goldman Sachs Group, Inc. (The)
|
|
|
|
Series U, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.92%),
3.65%, 8/10/2026 (e) (g) (h)
|
1,830
|
1,828
|
|
(SOFR + 0.82%), 1.54%, 9/10/2027 (e)
|
363
|
362
|
|
(SOFR + 0.91%), 1.95%, 10/21/2027 (e)
|
19
|
19
|
|
(SOFR + 1.11%), 2.64%, 2/24/2028 (e)
|
15
|
15
|
|
(SOFR + 1.85%), 3.62%, 3/15/2028 (e)
|
983
|
977
|
|
Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%),
7.50%, 2/10/2029 (e) (g) (h)
|
4,001
|
4,147
|
|
Series X, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.81%),
7.50%, 5/10/2029 (e) (g) (h)
|
6,484
|
6,707
|
|
Series Z, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%),
6.85%, 2/10/2030 (e) (g) (h)
|
4,610
|
4,666
|
|
(SOFR + 1.28%), 2.62%, 4/22/2032 (e)
|
486
|
432
|
|
(SOFR + 1.25%), 2.38%, 7/21/2032 (e)
|
464
|
405
|
|
(SOFR + 1.26%), 2.65%, 10/21/2032 (e)
|
16
|
14
|
|
Series Y, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 2.40%),
6.13%, 11/10/2034 (e) (g) (h)
|
5,630
|
5,552
|
|
(SOFR + 1.55%), 5.33%, 7/23/2035 (e)
|
149
|
146
|
|
(SOFR + 1.42%), 5.02%, 10/23/2035 (e)
|
1,805
|
1,737
|
|
Goodyear Tire & Rubber Co. (The)
|
|
|
|
5.00%, 7/15/2029
|
5,506
|
5,275
|
|
6.63%, 7/15/2030 (a)
|
706
|
683
|
|
5.25%, 7/15/2031
|
3,331
|
2,959
|
|
8.88%, 7/15/2032
|
850
|
872
|
|
Granite Construction, Inc. 6.38%, 6/15/2034 (c)
|
1,094
|
1,091
|
|
Gray Media, Inc.
|
|
|
|
10.50%, 7/15/2029 (c)
|
7,188
|
7,580
|
|
4.75%, 10/15/2030 (c)
|
3,060
|
2,365
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
5.38%, 11/15/2031 (c)
|
1,559
|
1,159
|
|
7.25%, 8/15/2033 (a) (c)
|
5,118
|
5,062
|
|
Griffon Corp. 5.75%, 3/1/2028
|
4,776
|
4,776
|
|
Group 1 Automotive, Inc.
|
|
|
|
4.00%, 8/15/2028 (c)
|
1,242
|
1,199
|
|
6.38%, 1/15/2030 (c)
|
1,156
|
1,161
|
|
Gulfport Energy Operating Corp. 6.75%, 9/1/2029 (c)
|
3,644
|
3,689
|
|
Harvest Midstream I LP
|
|
|
|
7.50%, 5/15/2032 (c)
|
1,736
|
1,780
|
|
6.75%, 5/15/2034 (c)
|
863
|
866
|
|
HCA, Inc.
|
|
|
|
2.38%, 7/15/2031
|
1,058
|
930
|
|
5.60%, 4/1/2034
|
600
|
603
|
|
Herc Holdings, Inc.
|
|
|
|
6.63%, 6/15/2029 (c)
|
2,216
|
2,256
|
|
7.00%, 6/15/2030 (c)
|
4,198
|
4,329
|
|
Hertz Corp. (The)
|
|
|
|
4.63%, 12/1/2026 (c)
|
1,499
|
1,314
|
|
12.63%, 7/15/2029 (c)
|
5,634
|
3,675
|
|
5.00%, 12/1/2029 (c)
|
8,062
|
2,197
|
|
Hertz Corp. (The), Escrow
|
|
|
|
6.25%, 10/15/2022 ‡ (k)
|
1,106
|
—
|
|
5.50%, 10/15/2024 ‡ (c) (k)
|
11,828
|
1
|
|
7.13%, 1/29/2027 ‡ (b) (k)
|
5,505
|
1
|
|
6.00%, 1/15/2028 ‡ (k)
|
5,450
|
1
|
|
Hess Midstream Operations LP
|
|
|
|
5.88%, 3/1/2028 (c)
|
778
|
782
|
|
5.13%, 6/15/2028 (c)
|
5
|
5
|
|
6.50%, 6/1/2029 (c)
|
1,696
|
1,725
|
|
4.25%, 2/15/2030 (c)
|
2,602
|
2,491
|
|
Hilcorp Energy I LP
|
|
|
|
6.25%, 11/1/2028 (c)
|
185
|
186
|
|
6.00%, 4/15/2030 (c)
|
1,745
|
1,727
|
|
6.25%, 4/15/2032 (c)
|
1,452
|
1,410
|
|
6.88%, 5/15/2034 (c)
|
541
|
530
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
5.88%, 4/1/2029 (c)
|
1,206
|
1,215
|
|
3.75%, 5/1/2029 (c)
|
1,583
|
1,517
|
|
4.88%, 1/15/2030
|
1,053
|
1,038
|
|
5.50%, 9/15/2031 (c)
|
1,457
|
1,444
|
|
6.13%, 4/1/2032 (c)
|
1,158
|
1,168
|
|
5.88%, 3/15/2033 (c)
|
2,894
|
2,893
|
|
5.75%, 9/15/2033 (c)
|
5,775
|
5,722
|
|
5.50%, 3/31/2034 (c)
|
702
|
688
|
|
Honeywell Aerospace, Inc. 4.30%, 3/16/2031 (c)
|
415
|
404
|
|
Howard Midstream Energy Partners LLC
|
|
|
|
7.38%, 7/15/2032 (c)
|
2,235
|
2,310
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
6.63%, 1/15/2034 (c)
|
4,564
|
4,615
|
|
6.63%, 1/15/2035 (c)
|
1,204
|
1,203
|
|
Hughes Satellite Systems Corp. 6.63%, 8/1/2026
|
2,226
|
946
|
|
Hyundai Capital America
|
|
|
|
1.65%, 9/17/2026 (c)
|
37
|
37
|
|
4.30%, 9/24/2027 (c)
|
141
|
140
|
|
5.00%, 1/7/2028 (c)
|
460
|
461
|
|
2.10%, 9/15/2028 (c)
|
18
|
17
|
|
ICITII 6.00%, 1/31/2033 ‡
|
905
|
433
|
|
iHeartCommunications, Inc.
|
|
|
|
9.13%, 5/1/2029 (c)
|
7,615
|
7,057
|
|
10.88%, 5/1/2030 (c)
|
4,846
|
3,703
|
|
ILFC E-Capital Trust I 6.48%, 12/21/2065 (c) (l)
|
6,213
|
5,242
|
|
ILFC E-Capital Trust II 6.73%, 12/21/2065 (c) (l)
|
3,358
|
2,953
|
|
Infinity Natural Resources LLC 7.63%, 4/1/2031 (c)
|
1,796
|
1,792
|
|
Ingram Micro, Inc. 4.75%, 5/15/2029 (c)
|
10,563
|
10,278
|
|
Insight Enterprises, Inc. 6.63%, 5/15/2032 (c)
|
923
|
928
|
|
Installed Building Products, Inc. 5.63%, 2/1/2034 (c)
|
878
|
848
|
|
Intercontinental Exchange, Inc. 3.63%, 9/1/2028
|
250
|
245
|
|
ION Platform Finance US, Inc. 7.88%, 9/30/2032 (c)
|
2,287
|
1,811
|
|
IQVIA, Inc.
|
|
|
|
5.00%, 10/15/2026 (c)
|
6,890
|
6,886
|
|
5.00%, 5/15/2027 (c)
|
6,086
|
6,079
|
|
6.50%, 5/15/2030 (c)
|
1,000
|
1,019
|
|
6.25%, 6/1/2032 (c)
|
6,620
|
6,705
|
|
Iron Mountain, Inc., REIT
|
|
|
|
4.88%, 9/15/2027 (c)
|
3,000
|
2,990
|
|
5.25%, 3/15/2028 (c)
|
2,241
|
2,233
|
|
5.00%, 7/15/2028 (c)
|
395
|
391
|
|
5.25%, 7/15/2030 (c)
|
5,496
|
5,371
|
|
6.25%, 1/15/2033 (c)
|
350
|
351
|
|
ITC Holdings Corp., 2.95%, 5/14/2030 (c)
|
34
|
31
|
|
Jackson National Life Global Funding 5.55%, 7/2/2027 (c)
|
250
|
252
|
|
JELD-WEN Holding, Inc. 7.00%, 9/1/2032 (c)
|
1,707
|
1,041
|
|
JELD-WEN, Inc. 4.88%, 12/15/2027 (c)
|
3,325
|
2,676
|
|
JetBlue Airways Corp. 9.88%, 9/20/2031 (c)
|
4,884
|
4,250
|
|
JH North America Holdings, Inc.
|
|
|
|
5.88%, 1/31/2031 (c)
|
1,084
|
1,082
|
|
6.13%, 7/31/2032 (c)
|
1,623
|
1,624
|
|
Kimco Realty OP LLC, REIT 2.25%, 12/1/2031
|
10
|
9
|
|
Kinetik Holdings LP
|
|
|
|
6.63%, 12/15/2028 (c)
|
1,180
|
1,200
|
|
5.88%, 6/15/2030 (c)
|
2,391
|
2,394
|
|
Knife River Corp. 7.75%, 5/1/2031 (c)
|
3,188
|
3,288
|
|
Kodiak Gas Services LLC
|
|
|
|
5.88%, 4/1/2031 (c)
|
898
|
888
|
|
6.50%, 10/1/2033 (c)
|
1,422
|
1,420
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Labl 12.00%, 12/31/2033 ‡
|
1
|
560
|
|
Lamar Media Corp. 4.00%, 2/15/2030
|
481
|
459
|
|
Lamb Weston Holdings, Inc. 4.13%, 1/31/2030 (c)
|
6,622
|
6,305
|
|
Lear Corp. 2.60%, 1/15/2032
|
5
|
4
|
|
Leidos, Inc.
|
|
|
|
4.38%, 5/15/2030
|
470
|
458
|
|
5.40%, 3/15/2032
|
207
|
208
|
|
Level 3 Financing, Inc.
|
|
|
|
6.88%, 6/30/2033 (c)
|
5,763
|
5,832
|
|
7.00%, 3/31/2034 (c)
|
4,218
|
4,291
|
|
Lithia Motors, Inc.
|
|
|
|
5.50%, 10/1/2030 (c)
|
894
|
881
|
|
4.38%, 1/15/2031 (c)
|
1,559
|
1,476
|
|
Live Nation Entertainment, Inc.
|
|
|
|
6.50%, 5/15/2027 (c)
|
10,420
|
10,425
|
|
4.75%, 10/15/2027 (c)
|
8,509
|
8,465
|
|
3.75%, 1/15/2028 (c)
|
2,187
|
2,141
|
|
Lsf12 Helix Parent LLC 7.13%, 2/1/2033 (a) (c)
|
1,207
|
1,182
|
|
Lumen Technologies, Inc. 5.38%, 6/15/2029 (c)
|
3,457
|
3,306
|
|
M/I Homes, Inc. 4.95%, 2/1/2028
|
132
|
131
|
|
Madison IAQ LLC
|
|
|
|
4.13%, 6/30/2028 (c)
|
1,743
|
1,706
|
|
5.88%, 6/30/2029 (c)
|
6,204
|
6,204
|
|
Magnolia Oil & Gas Operating LLC 6.63%, 8/15/2034 (c) (m)
|
730
|
730
|
|
Marriott International, Inc. 4.20%, 7/15/2027
|
133
|
133
|
|
Mars, Inc.
|
|
|
|
4.60%, 3/1/2028 (c)
|
430
|
430
|
|
4.80%, 3/1/2030 (c)
|
250
|
249
|
|
Masterbrand, Inc. 7.00%, 7/15/2032 (a) (c)
|
4,721
|
4,724
|
|
Matador Resources Co.
|
|
|
|
6.50%, 4/15/2032 (c)
|
1,896
|
1,892
|
|
6.25%, 4/15/2033 (c)
|
2,687
|
2,644
|
|
6.00%, 4/15/2034 (c)
|
1,306
|
1,263
|
|
Mauser Packaging Solutions Holding Co. 7.88%, 4/15/2030 (c)
|
13,183
|
13,445
|
|
McGraw-Hill Education, Inc. 5.75%, 8/1/2028 (c)
|
2,008
|
1,992
|
|
Medline Borrower LP
|
|
|
|
3.88%, 4/1/2029 (c)
|
7,852
|
7,595
|
|
6.25%, 4/1/2029 (c)
|
2,570
|
2,614
|
|
5.25%, 10/1/2029 (c)
|
11,193
|
11,088
|
|
Meridian Arc Holdco LLC 6.25%, 4/30/2031 (c)
|
8,200
|
7,879
|
|
Meta Platforms, Inc.
|
|
|
|
4.88%, 5/15/2033
|
310
|
301
|
|
5.25%, 5/15/2036 (a)
|
120
|
115
|
|
MetLife Capital Trust IV 7.88%, 12/15/2037 (c)
|
8,747
|
9,508
|
|
MetLife, Inc.
|
|
|
|
Series D, (3-MONTH CME TERM SOFR + 3.22%), 5.88%, 3/15/2028 (e) (g) (h)
|
106
|
107
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.82%), 5.85%, 3/15/2056 (e)
|
1,705
|
1,662
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
MGM Resorts International
|
|
|
|
6.13%, 9/15/2029
|
2,382
|
2,397
|
|
6.50%, 4/15/2032 (a)
|
2,851
|
2,823
|
|
Midcontinent Communications 8.00%, 8/15/2032 (a) (c)
|
3,761
|
3,194
|
|
Millrose Properties, Inc., REIT
|
|
|
|
6.38%, 8/1/2030 (c)
|
2,447
|
2,465
|
|
6.25%, 9/15/2032 (c)
|
1,176
|
1,175
|
|
Miter Brands Acquisition Holdco, Inc. 6.75%, 4/1/2032 (c)
|
3,732
|
3,674
|
|
MIWD Holdco II LLC 5.50%, 2/1/2030 (a) (c)
|
1,226
|
1,135
|
|
Molina Healthcare, Inc. 6.50%, 2/15/2031 (c)
|
2,871
|
2,897
|
|
Morgan Stanley
|
|
|
|
(SOFR + 1.61%), 4.21%, 4/20/2028 (e)
|
20
|
20
|
|
(SOFR + 1.45%), 5.17%, 1/16/2030 (e)
|
619
|
622
|
|
(SOFR + 1.02%), 1.93%, 4/28/2032 (e)
|
18
|
15
|
|
(SOFR + 1.20%), 2.51%, 10/20/2032 (e)
|
948
|
829
|
|
(SOFR + 1.73%), 5.47%, 1/18/2035 (e)
|
673
|
671
|
|
(SOFR + 1.56%), 5.32%, 7/19/2035 (e)
|
130
|
128
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.43%), 5.95%, 1/19/2038 (e)
|
817
|
829
|
|
Morgan Stanley Bank NA
|
|
|
|
(SOFR + 1.08%), 4.95%, 1/14/2028 (e)
|
455
|
456
|
|
(SOFR + 0.93%), 4.97%, 7/14/2028 (e)
|
250
|
251
|
|
MPLX LP 5.50%, 6/1/2034
|
410
|
408
|
|
MPT Operating Partnership LP, REIT 8.50%, 2/15/2032 (c)
|
1,649
|
1,676
|
|
Multi-Color Corp. 8.50% (Blend (Cash 6.00% + PIK 2.50%)), 5/11/2033 (a) (c) (j)
|
2,298
|
1,984
|
|
NCL Corp. Ltd. 5.88%, 1/15/2031 (c)
|
2,388
|
2,282
|
|
NCR Atleos Corp. 9.50%, 4/1/2029 (c)
|
4,562
|
4,838
|
|
NCR Voyix Corp.
|
|
|
|
5.00%, 10/1/2028 (c)
|
110
|
107
|
|
5.13%, 4/15/2029 (c)
|
5,260
|
5,100
|
|
Neptune Bidco US, Inc.
|
|
|
|
9.29%, 4/15/2029 (c)
|
2,756
|
2,808
|
|
9.50%, 2/15/2033 (c)
|
1,906
|
1,942
|
|
NESCO Holdings II, Inc. 5.50%, 4/15/2029 (c)
|
1,217
|
1,208
|
|
New Albertsons LP
|
|
|
|
6.63%, 6/1/2028
|
450
|
451
|
|
7.45%, 8/1/2029
|
392
|
402
|
|
8.00%, 5/1/2031
|
2,108
|
2,208
|
|
Newell Brands, Inc.
|
|
|
|
6.38%, 9/15/2027
|
866
|
869
|
|
8.50%, 6/1/2028 (c)
|
3,003
|
3,134
|
|
6.63%, 9/15/2029 (a)
|
3,129
|
3,167
|
|
6.38%, 5/15/2030 (a)
|
2,603
|
2,632
|
|
6.63%, 5/15/2032 (a)
|
614
|
621
|
|
7.37%, 4/1/2036 (a) (i)
|
1,222
|
1,231
|
|
News Corp.
|
|
|
|
3.88%, 5/15/2029 (c)
|
4,437
|
4,275
|
|
5.13%, 2/15/2032 (c)
|
2,514
|
2,421
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Nexstar Media, Inc.
|
|
|
|
4.75%, 11/1/2028 (c)
|
7,939
|
7,785
|
|
6.50%, 9/15/2033 (c)
|
13,454
|
13,385
|
|
7.25%, 4/15/2034 (c)
|
8,636
|
8,655
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
5.05%, 3/15/2030
|
990
|
996
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.46%), 6.75%, 6/15/2054 (e)
|
1,617
|
1,660
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.36%), 6.70%, 9/1/2054 (e)
|
1,100
|
1,115
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.05%), 6.38%, 8/15/2055 (e)
|
1,180
|
1,185
|
|
(3-MONTH SOFR + 3.16%), 5.65%, 5/1/2079 (e)
|
3,683
|
3,656
|
|
NGL Energy Operating LLC
|
|
|
|
8.13%, 2/15/2029 (c)
|
2,519
|
2,582
|
|
8.38%, 2/15/2032 (c)
|
2,202
|
2,290
|
|
NiSource, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.45%), 6.95%, 11/30/2054 (e)
|
3,014
|
3,097
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.53%), 6.38%, 3/31/2055 (e)
|
2,550
|
2,589
|
|
Noble Finance II LLC
|
|
|
|
8.00%, 4/15/2030 (c)
|
1,386
|
1,433
|
|
6.25%, 6/15/2034 (c)
|
1,956
|
1,899
|
|
Novelis Corp.
|
|
|
|
4.75%, 1/30/2030 (c)
|
4,691
|
4,502
|
|
6.88%, 1/30/2030 (c)
|
513
|
526
|
|
6.38%, 8/15/2033 (c)
|
1,169
|
1,167
|
|
NRG Energy, Inc.
|
|
|
|
5.75%, 1/15/2028
|
1,031
|
1,031
|
|
3.38%, 2/15/2029 (c)
|
2,088
|
1,982
|
|
5.25%, 6/15/2029 (c)
|
3,099
|
3,070
|
|
5.75%, 7/15/2029 (c)
|
177
|
177
|
|
3.88%, 2/15/2032 (c)
|
744
|
681
|
|
6.00%, 2/1/2033 (c)
|
6,317
|
6,298
|
|
7.00%, 3/15/2033 (c)
|
1,304
|
1,388
|
|
5.75%, 1/15/2034 (c)
|
2,211
|
2,153
|
|
5.88%, 5/15/2034 (c)
|
2,149
|
2,110
|
|
6.00%, 1/15/2036 (c)
|
2,209
|
2,161
|
|
6.13%, 5/15/2036 (c)
|
536
|
529
|
|
NuStar Logistics LP 6.38%, 10/1/2030
|
1,968
|
2,008
|
|
OAK-Eagle Acquireco, Inc.
|
|
|
|
7.25%, 7/1/2033 (c)
|
2,300
|
2,383
|
|
8.75%, 7/1/2034 (c)
|
3,222
|
3,394
|
|
ON Semiconductor Corp. 3.88%, 9/1/2028 (c)
|
4,273
|
4,122
|
|
OneMain Finance Corp.
|
|
|
|
3.50%, 1/15/2027
|
1,831
|
1,817
|
|
6.63%, 1/15/2028
|
3,349
|
3,381
|
|
3.88%, 9/15/2028
|
361
|
349
|
|
ONEOK, Inc.
|
|
|
|
6.50%, 9/1/2030 (c)
|
695
|
725
|
|
5.60%, 4/1/2044
|
530
|
481
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Oracle Corp. 3.90%, 5/15/2035
|
264
|
216
|
|
Organon & Co.
|
|
|
|
4.13%, 4/30/2028 (c)
|
4,848
|
4,771
|
|
5.13%, 4/30/2031 (c)
|
5,971
|
5,910
|
|
6.75%, 5/15/2034 (c)
|
1,320
|
1,378
|
|
7.88%, 5/15/2034 (c)
|
525
|
560
|
|
Outfront Media Capital LLC
|
|
|
|
4.25%, 1/15/2029 (c)
|
1,173
|
1,140
|
|
7.38%, 2/15/2031 (c)
|
4,312
|
4,461
|
|
6.00%, 6/15/2034 (c)
|
865
|
854
|
|
Pacific Gas and Electric Co. 5.55%, 5/15/2029
|
1,080
|
1,096
|
|
Paramount Global (3-MONTH SOFR + 3.90%), 6.25%, 2/28/2057 (e)
|
1,171
|
909
|
|
Performance Food Group, Inc.
|
|
|
|
4.25%, 8/1/2029 (c)
|
7,399
|
7,153
|
|
6.13%, 9/15/2032 (c)
|
1,092
|
1,095
|
|
5.63%, 3/1/2034 (c)
|
1,509
|
1,464
|
|
Permian Resources Operating LLC
|
|
|
|
7.00%, 1/15/2032 (c)
|
3,181
|
3,293
|
|
6.25%, 2/1/2033 (c)
|
1,956
|
1,991
|
|
Perrigo Finance Unlimited Co. 6.13%, 9/30/2032 (a)
|
1,343
|
1,276
|
|
Petco Health & Wellness Co., Inc. 8.25%, 2/1/2031 (a) (c)
|
2,420
|
2,428
|
|
PetSmart LLC 7.50%, 9/15/2032 (c)
|
4,092
|
4,135
|
|
PG&E Corp.
|
|
|
|
5.00%, 7/1/2028
|
3,755
|
3,720
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.88%), 7.38%, 3/15/2055 (e)
|
2,898
|
2,943
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.85%, 9/15/2056 (e)
|
235
|
233
|
|
Philip Morris International, Inc.
|
|
|
|
5.13%, 2/15/2030
|
590
|
595
|
|
4.38%, 4/30/2030
|
895
|
879
|
|
Photo Holdings LLC 12.00%, 7/1/2031 (c)
|
4,536
|
4,673
|
|
Piedmont Natural Gas Co., Inc. 2.50%, 3/15/2031
|
505
|
454
|
|
Pioneer Opco LLC 7.00%, 5/15/2033 (c)
|
1,885
|
1,903
|
|
Plains All American Pipeline LP 4.70%, 1/15/2031
|
200
|
197
|
|
PM General Purchaser LLC 9.50%, 10/1/2028 (c)
|
1,093
|
915
|
|
PNC Financial Services Group, Inc. (The)
|
|
|
|
Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.60%),
3.40%, 9/15/2026 (e) (g) (h)
|
8,023
|
7,992
|
|
Series V, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.24%),
6.20%, 9/15/2027 (e) (g) (h)
|
4,543
|
4,575
|
|
(SOFR + 1.34%), 5.30%, 1/21/2028 (e)
|
214
|
215
|
|
(SOFR + 1.62%), 5.35%, 12/2/2028 (e)
|
123
|
124
|
|
Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 7 Year + 2.81%),
6.25%, 3/15/2030 (e) (g) (h)
|
1,701
|
1,719
|
|
(SOFR + 1.90%), 5.68%, 1/22/2035 (e)
|
673
|
680
|
|
Post Holdings, Inc. 6.25%, 2/15/2032 (c)
|
4,483
|
4,501
|
|
PR RNO Property Owner 1 LLC 6.50%, 5/1/2031 (c)
|
7,819
|
7,363
|
|
Prairie Acquiror LP 9.00%, 8/1/2029 (c)
|
1,085
|
1,119
|
|
Prestige Brands, Inc. 6.25%, 7/15/2034 (c)
|
893
|
896
|
|
Prime Security Services Borrower LLC 3.38%, 8/31/2027 (c)
|
1,886
|
1,852
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Primo Water Holdings, Inc.
|
|
|
|
6.25%, 4/1/2029 (c)
|
2,623
|
2,631
|
|
4.38%, 4/30/2029 (c)
|
304
|
295
|
|
Prudential Financial, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 5.13%, 3/1/2052 (e)
|
3,169
|
3,079
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.23%), 6.00%, 9/1/2052 (e)
|
286
|
288
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 6.75%, 3/1/2053 (e)
|
3,054
|
3,162
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.40%), 6.50%, 3/15/2054 (e)
|
2,743
|
2,806
|
|
Puget Energy, Inc.
|
|
|
|
4.22%, 3/15/2032
|
385
|
365
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.96%), 7.00%, 9/15/2056 (e)
|
922
|
924
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 7.25%, 9/15/2056 (e)
|
922
|
925
|
|
Qnity Electronics, Inc.
|
|
|
|
5.75%, 8/15/2032 (c)
|
1,637
|
1,625
|
|
6.25%, 8/15/2033 (c)
|
970
|
975
|
|
Quikrete Holdings, Inc. 6.38%, 3/1/2032 (c)
|
6,856
|
6,940
|
|
QXO Building Products, Inc.
|
|
|
|
6.50%, 7/15/2031 (c)
|
2,740
|
2,751
|
|
6.75%, 4/30/2032 (c)
|
3,560
|
3,636
|
|
6.88%, 7/15/2034 (c)
|
3,033
|
3,038
|
|
Radiology Partners, Inc. 8.50%, 7/15/2032 (c)
|
4,975
|
5,228
|
|
Range Resources Corp. 4.75%, 2/15/2030 (c)
|
245
|
238
|
|
Raven Acquisition Holdings LLC 6.88%, 11/15/2031 (c)
|
2,187
|
2,128
|
|
RD Michigan Property Owner I LLC 7.50%, 3/30/2045 (c)
|
322
|
312
|
|
Regal Rexnord Corp. 6.30%, 2/15/2030
|
1,822
|
1,884
|
|
Resideo Funding II LLC 6.50%, 7/15/2032 (a) (c)
|
2,971
|
2,972
|
|
RHP Hotel Properties LP, REIT
|
|
|
|
7.25%, 7/15/2028 (c)
|
896
|
913
|
|
4.50%, 2/15/2029 (c)
|
6,784
|
6,627
|
|
6.50%, 4/1/2032 (c)
|
5,172
|
5,260
|
|
6.50%, 6/15/2033 (c)
|
534
|
543
|
|
5.75%, 3/15/2034 (c)
|
903
|
884
|
|
RingCentral, Inc. 8.50%, 8/15/2030 (c)
|
4,541
|
4,737
|
|
Rivers Enterprise Borrower LLC 6.25%, 10/15/2030 (c)
|
1,255
|
1,261
|
|
Rocket Cos., Inc.
|
|
|
|
6.50%, 8/1/2029 (c)
|
192
|
195
|
|
6.13%, 8/1/2030 (c)
|
3,260
|
3,286
|
|
7.13%, 2/1/2032 (c)
|
1,563
|
1,602
|
|
6.38%, 8/1/2033 (c)
|
3,819
|
3,842
|
|
Rocket Mortgage LLC
|
|
|
|
3.63%, 3/1/2029 (c)
|
2,933
|
2,805
|
|
4.00%, 10/15/2033 (c)
|
453
|
400
|
|
Rockies Express Pipeline LLC
|
|
|
|
4.80%, 5/15/2030 (c)
|
1,182
|
1,151
|
|
6.75%, 3/15/2033 (c)
|
1,358
|
1,381
|
|
6.88%, 4/15/2040 (c)
|
411
|
413
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Royal Caribbean Cruises Ltd.
|
|
|
|
5.63%, 9/30/2031 (c)
|
2,433
|
2,442
|
|
6.25%, 3/15/2032 (c)
|
5,986
|
6,086
|
|
6.00%, 2/1/2033 (c)
|
4,126
|
4,159
|
|
SBA Communications Corp., REIT 3.13%, 2/1/2029
|
527
|
503
|
|
Science Applications International Corp. 5.88%, 11/1/2033 (c)
|
1,209
|
1,183
|
|
Scotts Miracle-Gro Co. (The)
|
|
|
|
4.50%, 10/15/2029
|
3,798
|
3,724
|
|
4.00%, 4/1/2031
|
2,760
|
2,565
|
|
4.38%, 2/1/2032
|
4,660
|
4,310
|
|
Seagate Data Storage Technology Pte. Ltd. 5.75%, 12/1/2034
|
1,357
|
1,340
|
|
Sempra
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.87%), 4.13%, 4/1/2052 (e)
|
1,453
|
1,442
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 6.38%, 4/1/2056 (e)
|
1,442
|
1,446
|
|
Sensata Technologies BV
|
|
|
|
4.00%, 4/15/2029 (c)
|
1,007
|
969
|
|
5.88%, 9/1/2030 (c)
|
1,870
|
1,872
|
|
Sensata Technologies, Inc.
|
|
|
|
3.75%, 2/15/2031 (c)
|
842
|
784
|
|
6.63%, 7/15/2032 (c)
|
1,050
|
1,075
|
|
Service Corp. International
|
|
|
|
7.50%, 4/1/2027
|
2,765
|
2,806
|
|
4.63%, 12/15/2027
|
107
|
106
|
|
5.13%, 6/1/2029
|
90
|
89
|
|
3.38%, 8/15/2030
|
1,367
|
1,262
|
|
4.00%, 5/15/2031
|
876
|
819
|
|
Shift4 Payments LLC 6.75%, 8/15/2032 (c)
|
2,647
|
2,651
|
|
Sierra Pacific Power Co. (US Treasury Yield Curve Rate T Note Constant Maturity 5
Year + 2.55%), 6.20%, 12/15/2055 (e)
|
1,765
|
1,731
|
|
Sinclair Television Group, Inc. 8.13%, 2/15/2033 (c)
|
3,564
|
3,655
|
|
Sirius XM Radio LLC
|
|
|
|
4.00%, 7/15/2028 (c)
|
20,601
|
20,038
|
|
5.50%, 7/1/2029 (c)
|
10,975
|
10,925
|
|
4.13%, 7/1/2030 (a) (c)
|
2,596
|
2,426
|
|
3.88%, 9/1/2031 (c)
|
76
|
69
|
|
5.88%, 4/15/2032 (c)
|
2,394
|
2,349
|
|
Six Flags Entertainment Corp.
|
|
|
|
5.25%, 7/15/2029 (a)
|
259
|
248
|
|
7.25%, 5/15/2031 (a) (c)
|
2,561
|
2,511
|
|
8.63%, 1/15/2032 (c)
|
4,530
|
4,582
|
|
6.63%, 5/1/2032 (a) (c)
|
9,662
|
9,728
|
|
SM Energy Co.
|
|
|
|
6.63%, 1/15/2027
|
3,200
|
3,206
|
|
6.50%, 7/15/2028
|
1,746
|
1,747
|
|
6.75%, 8/1/2029 (c)
|
263
|
267
|
|
8.63%, 11/1/2030 (c)
|
5,007
|
5,256
|
|
8.75%, 7/1/2031 (c)
|
6,137
|
6,417
|
|
7.00%, 8/1/2032 (a) (c)
|
1,708
|
1,735
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
9.63%, 6/15/2033 (c)
|
3,189
|
3,508
|
|
6.63%, 4/15/2034 (c)
|
1,875
|
1,863
|
|
Smyrna Ready Mix Concrete LLC 8.88%, 11/15/2031 (c)
|
4,079
|
4,271
|
|
Snap, Inc. 6.88%, 3/1/2033 (c)
|
996
|
973
|
|
Solaris Energy Infrastructure LLC 6.38%, 5/15/2031 (c)
|
2,291
|
2,250
|
|
Solstice Advanced Materials, Inc. 5.63%, 9/30/2033 (c)
|
3,661
|
3,580
|
|
Somnigroup International, Inc.
|
|
|
|
4.00%, 4/15/2029 (c)
|
7,385
|
7,098
|
|
3.88%, 10/15/2031 (c)
|
2,919
|
2,661
|
|
Sonic Automotive, Inc.
|
|
|
|
4.63%, 11/15/2029 (c)
|
3,872
|
3,771
|
|
4.88%, 11/15/2031 (c)
|
3,360
|
3,209
|
|
Sonoco Products Co. 5.00%, 9/1/2034 (a)
|
375
|
362
|
|
Sotera Health Holdings LLC 7.38%, 6/1/2031 (c)
|
2,565
|
2,656
|
|
Southern California Edison Co. 5.45%, 6/1/2031
|
580
|
586
|
|
Southern Co. (The) Series 21-A, (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 2.92%), 3.75%,
9/15/2051 (e)
|
2,065
|
2,061
|
|
Southern Co. Gas Capital Corp. (US Treasury Yield Curve Rate T Note Constant Maturity
5 Year + 1.82%), 6.05%,
9/15/2056 (e)
|
1,516
|
1,504
|
|
Spectrum Brands, Inc. 3.88%, 3/15/2031 (c)
|
729
|
639
|
|
SS&C Technologies, Inc.
|
|
|
|
5.50%, 9/30/2027 (c)
|
13,182
|
13,164
|
|
6.50%, 6/1/2032 (c)
|
3,450
|
3,476
|
|
Stagwell Global LLC 5.63%, 8/15/2029 (c)
|
5,885
|
5,723
|
|
Standard Building Solutions, Inc.
|
|
|
|
6.50%, 8/15/2032 (c)
|
4,535
|
4,544
|
|
6.25%, 8/1/2033 (c)
|
4,946
|
4,892
|
|
5.88%, 3/15/2034 (c)
|
1,267
|
1,217
|
|
Standard Industries, Inc.
|
|
|
|
4.75%, 1/15/2028 (c)
|
6,711
|
6,670
|
|
4.38%, 7/15/2030 (c)
|
193
|
182
|
|
Staples, Inc.
|
|
|
|
10.75%, 9/1/2029 (c)
|
8,931
|
8,546
|
|
12.75%, 1/15/2030 (c)
|
4,892
|
3,862
|
|
Starwood Property Trust, Inc., REIT 7.25%, 4/1/2029 (c)
|
1,180
|
1,216
|
|
State Street Corp.
|
|
|
|
(SOFR + 0.73%), 2.20%, 2/7/2028 (a) (e)
|
268
|
265
|
|
Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.61%),
6.70%, 3/15/2029 (e) (g) (h)
|
8,012
|
8,190
|
|
Series J, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%),
6.70%, 9/15/2029 (e) (g) (h)
|
1,240
|
1,273
|
|
(SOFR + 1.57%), 4.82%, 1/26/2034 (e)
|
464
|
454
|
|
Station Casinos LLC
|
|
|
|
4.63%, 12/1/2031 (c)
|
1,030
|
968
|
|
6.63%, 3/15/2032 (a) (c)
|
258
|
261
|
|
Stingray Compute LLC 6.00%, 6/15/2031 (a) (c)
|
1,465
|
1,429
|
|
Stryker Corp. 4.85%, 2/10/2030
|
1,005
|
1,005
|
|
Sunoco LP
|
|
|
|
5.88%, 3/15/2028
|
425
|
425
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
7.00%, 5/1/2029 (c)
|
1,131
|
1,156
|
|
4.50%, 5/15/2029
|
2,669
|
2,598
|
|
4.50%, 4/30/2030
|
4,064
|
3,921
|
|
5.38%, 7/15/2031 (c)
|
1,201
|
1,178
|
|
Surgery Center Holdings, Inc. 7.25%, 4/15/2032 (a) (c)
|
3,828
|
3,840
|
|
SV RNO Property Owner 1 LLC 5.88%, 3/1/2031 (c)
|
5,532
|
5,137
|
|
Synaptics, Inc. 4.00%, 6/15/2029 (c)
|
2,107
|
2,069
|
|
Synopsys, Inc. 4.85%, 4/1/2030
|
875
|
870
|
|
Take-Two Interactive Software, Inc. 4.00%, 4/14/2032
|
7
|
7
|
|
Talen Energy Supply LLC
|
|
|
|
6.13%, 5/1/2031 (c)
|
3,712
|
3,690
|
|
6.38%, 5/1/2033 (c)
|
5,570
|
5,485
|
|
6.25%, 2/1/2034 (c)
|
6,725
|
6,596
|
|
Tallgrass Energy Partners LP
|
|
|
|
5.50%, 1/15/2028 (c)
|
2,512
|
2,509
|
|
7.38%, 2/15/2029 (c)
|
1,549
|
1,584
|
|
6.00%, 12/31/2030 (c)
|
3,832
|
3,805
|
|
6.00%, 9/1/2031 (c)
|
5,480
|
5,392
|
|
6.75%, 3/15/2034 (c)
|
4,332
|
4,359
|
|
Teachers Insurance & Annuity Association of America 6.05%, 6/15/2056 (c)
|
175
|
169
|
|
Tenet Healthcare Corp.
|
|
|
|
5.13%, 11/1/2027
|
7,416
|
7,412
|
|
4.25%, 6/1/2029
|
981
|
951
|
|
6.13%, 6/15/2030
|
6,018
|
6,048
|
|
6.75%, 5/15/2031
|
5,219
|
5,322
|
|
Terex Corp.
|
|
|
|
5.00%, 5/15/2029 (c)
|
6,102
|
6,017
|
|
6.25%, 10/15/2032 (c)
|
1,854
|
1,861
|
|
T-Mobile USA, Inc. 2.25%, 11/15/2031
|
965
|
837
|
|
Toyota Motor Credit Corp. 4.05%, 9/5/2028
|
78
|
77
|
|
TransDigm, Inc.
|
|
|
|
6.38%, 3/1/2029 (c)
|
4,894
|
4,953
|
|
6.63%, 3/1/2032 (c)
|
3,058
|
3,109
|
|
6.25%, 1/31/2034 (c)
|
810
|
818
|
|
Transocean International Ltd. 8.75%, 2/15/2030 (c)
|
923
|
958
|
|
TriMas Corp. 4.13%, 4/15/2029 (c)
|
4,617
|
4,411
|
|
TriNet Group, Inc. 7.13%, 8/15/2031 (c)
|
2,145
|
2,175
|
|
Trinity Industries, Inc. 7.75%, 7/15/2028 (c)
|
2,612
|
2,666
|
|
Trinseo Luxco Finance SPV SARL 7.63%, 5/3/2029 (c) (k)
|
2,884
|
—
|
|
Truist Financial Corp.
|
|
|
|
Series M, (3-MONTH CME TERM SOFR + 3.05%), 5.13%, 12/15/2027 (e) (g) (h)
|
2,018
|
2,003
|
|
(SOFR + 1.31%), 5.07%, 5/20/2031 (e)
|
395
|
395
|
|
(SOFR + 1.92%), 5.71%, 1/24/2035 (e)
|
979
|
989
|
|
UDR, Inc., REIT
|
|
|
|
3.20%, 1/15/2030
|
36
|
34
|
|
3.00%, 8/15/2031
|
9
|
8
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
United Airlines Holdings, Inc.
|
|
|
|
4.88%, 3/1/2029
|
1,760
|
1,733
|
|
5.38%, 3/1/2031
|
1,109
|
1,094
|
|
United Airlines, Inc. 4.63%, 4/15/2029 (c)
|
3,366
|
3,308
|
|
United Rentals North America, Inc.
|
|
|
|
3.88%, 2/15/2031
|
2,173
|
2,031
|
|
5.38%, 11/15/2033 (c)
|
4,282
|
4,169
|
|
6.13%, 3/15/2034 (c)
|
5,861
|
5,929
|
|
United States Steel Corp. 6.88%, 3/1/2029
|
211
|
211
|
|
Univision Communications, Inc.
|
|
|
|
7.38%, 6/30/2030 (c)
|
3,317
|
3,303
|
|
8.50%, 7/31/2031 (c)
|
175
|
175
|
|
9.38%, 8/1/2032 (c)
|
2,391
|
2,388
|
|
8.88%, 4/15/2033 (c)
|
1,482
|
1,435
|
|
US Bancorp
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.54%), 3.70%, 1/15/2027 (e) (g) (h)
|
8,601
|
8,523
|
|
Series J, (3-MONTH CME TERM SOFR + 3.18%), 5.30%, 4/15/2027 (e) (g) (h)
|
1,216
|
1,213
|
|
(SOFR + 1.88%), 6.79%, 10/26/2027 (e)
|
250
|
251
|
|
(SOFR + 1.56%), 5.38%, 1/23/2030 (e)
|
82
|
83
|
|
(SOFR + 1.02%), 2.68%, 1/27/2033 (e)
|
915
|
806
|
|
(SOFR + 1.86%), 5.68%, 1/23/2035 (e)
|
810
|
821
|
|
US Foods, Inc. 6.88%, 9/15/2028 (c)
|
1,140
|
1,163
|
|
Vail Resorts, Inc.
|
|
|
|
5.63%, 7/15/2030 (c)
|
1,339
|
1,333
|
|
6.50%, 5/15/2032 (c)
|
4,552
|
4,609
|
|
Valaris Ltd. 8.38%, 4/30/2030 (c)
|
861
|
891
|
|
Validus Energy II Midcon LLC 8.00%, 8/1/2031 (c)
|
873
|
869
|
|
Ventas Realty LP, REIT 4.00%, 3/1/2028
|
22
|
22
|
|
Venture Global Calcasieu Pass LLC
|
|
|
|
6.25%, 1/15/2030 (c)
|
1,154
|
1,175
|
|
3.88%, 11/1/2033 (c)
|
508
|
446
|
|
6.00%, 5/1/2036 (c)
|
445
|
440
|
|
Venture Global LNG, Inc.
|
|
|
|
9.50%, 2/1/2029 (c)
|
3,123
|
3,343
|
|
8.38%, 6/1/2031 (c)
|
2,003
|
2,071
|
|
9.88%, 2/1/2032 (c)
|
6,510
|
6,931
|
|
6.38%, 12/15/2034 (c)
|
708
|
690
|
|
6.63%, 6/15/2036 (c)
|
708
|
694
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
6.13%, 12/15/2030 (c)
|
1,944
|
1,975
|
|
6.50%, 1/15/2034 (c)
|
6,780
|
6,996
|
|
6.50%, 6/15/2034 (c)
|
1,371
|
1,414
|
|
7.75%, 5/1/2035 (c)
|
671
|
744
|
|
6.75%, 1/15/2036 (c)
|
2,197
|
2,300
|
|
Verizon Communications, Inc.
|
|
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.04%), 6.20%, 5/14/2056 (e)
|
2,194
|
2,147
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.81%), 6.05%, 5/14/2058 (e)
|
1,987
|
1,954
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
Viking Cruises Ltd. 5.88%, 10/15/2033 (c)
|
2,982
|
2,953
|
|
Vistra Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.74%),
7.00%, 12/15/2026 (c) (e) (g) (h)
|
1,472
|
1,480
|
|
Vistra Operations Co. LLC
|
|
|
|
5.00%, 7/31/2027 (c)
|
81
|
81
|
|
4.38%, 5/1/2029 (c)
|
872
|
851
|
|
7.75%, 10/15/2031 (c)
|
5,549
|
5,785
|
|
6.88%, 4/15/2032 (c)
|
3,937
|
4,066
|
|
6.00%, 4/15/2034 (c)
|
450
|
454
|
|
VMware LLC 2.20%, 8/15/2031
|
823
|
716
|
|
VoltaGrid LLC 7.38%, 11/1/2030 (c)
|
4,486
|
4,508
|
|
Wabash National Corp. 4.50%, 10/15/2028 (a) (c)
|
3,585
|
3,344
|
|
Wand NewCo 3, Inc. 7.63%, 1/30/2032 (c)
|
3,662
|
3,760
|
|
Wayfair LLC
|
|
|
|
7.25%, 10/31/2029 (c)
|
1,898
|
1,955
|
|
7.75%, 9/15/2030 (c)
|
4,324
|
4,531
|
|
6.75%, 11/15/2032 (c)
|
1,521
|
1,548
|
|
7.13%, 5/31/2034 (c)
|
846
|
869
|
|
WBI Operating LLC 6.25%, 10/15/2030 (c)
|
2,587
|
2,587
|
|
Wells Fargo & Co.
|
|
|
|
(SOFR + 1.51%), 3.53%, 3/24/2028 (e)
|
983
|
976
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.61%), 7.63%, 9/15/2028 (e) (g) (h)
|
2,541
|
2,658
|
|
(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 6.85%, 9/15/2029 (e) (g) (h)
|
5,226
|
5,380
|
|
(SOFR + 1.50%), 5.20%, 1/23/2030 (e)
|
556
|
560
|
|
Series GG, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.34%),
6.13%, 6/15/2031 (e) (g) (h)
|
8,720
|
8,714
|
|
(SOFR + 0.97%), 4.84%, 5/20/2032 (e)
|
340
|
335
|
|
(SOFR + 2.10%), 4.90%, 7/25/2033 (e)
|
464
|
456
|
|
(SOFR + 1.78%), 5.50%, 1/23/2035 (e)
|
464
|
465
|
|
WESCO Distribution, Inc.
|
|
|
|
6.38%, 3/15/2029 (c)
|
6,030
|
6,115
|
|
5.25%, 4/15/2031 (c)
|
1,044
|
1,027
|
|
6.63%, 3/15/2032 (c)
|
3,191
|
3,256
|
|
6.38%, 3/15/2033 (c)
|
1,185
|
1,205
|
|
Western Midstream Operating LP 4.80%, 3/1/2031
|
405
|
397
|
|
Whirlpool Corp. 6.50%, 6/15/2033 (a)
|
1,451
|
1,229
|
|
Wildfire Intermediate Holdings LLC 7.50%, 10/15/2029 (c)
|
560
|
577
|
|
Williams Cos., Inc. (The) 2.60%, 3/15/2031
|
19
|
17
|
|
Williams Scotsman, Inc.
|
|
|
|
6.63%, 6/15/2029 (c)
|
1,089
|
1,107
|
|
6.63%, 4/15/2030 (c)
|
633
|
647
|
|
7.38%, 10/1/2031 (c)
|
2,641
|
2,723
|
|
WMG Acquisition Corp. 3.75%, 12/1/2029 (c)
|
126
|
120
|
|
WP Carey, Inc., REIT
|
|
|
|
2.40%, 2/1/2031
|
33
|
29
|
|
2.45%, 2/1/2032
|
7
|
6
|
|
WR Grace Holdings LLC
|
|
|
|
5.63%, 8/15/2029 (c)
|
3,155
|
2,897
|
|
6.63%, 8/15/2032 (c)
|
1,772
|
1,687
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Corporate Bonds — continued
|
||
|
United States — continued
|
||
|
7.00%, 8/1/2033 (c)
|
723
|
693
|
|
WULF Compute LLC 7.75%, 10/15/2030 (c)
|
5,257
|
5,462
|
|
Wynn Resorts Finance LLC
|
|
|
|
5.13%, 10/1/2029 (c)
|
6,271
|
6,206
|
|
7.13%, 2/15/2031 (c)
|
905
|
948
|
|
6.25%, 3/15/2033 (a) (c)
|
2,978
|
2,952
|
|
Xerox Corp. 10.25%, 10/15/2030 (a) (c)
|
1,285
|
1,160
|
|
Xerox Holdings Corp.
|
|
|
|
5.50%, 8/15/2028 (c)
|
100
|
60
|
|
8.88%, 11/30/2029 (a) (c)
|
2,419
|
1,070
|
|
XPO, Inc.
|
|
|
|
6.25%, 6/1/2028 (c)
|
1,892
|
1,906
|
|
7.13%, 2/1/2032 (c)
|
1,602
|
1,652
|
|
Yondr JK 1 LLC 6.88%, 6/30/2031 (c)
|
1,163
|
1,108
|
|
Yum! Brands, Inc.
|
|
|
|
4.63%, 1/31/2032
|
3,027
|
2,876
|
|
5.38%, 4/1/2032
|
59
|
58
|
|
Zimmer Biomet Holdings, Inc. 2.60%, 11/24/2031
|
720
|
639
|
|
|
|
2,169,888
|
|
Uzbekistan — 0.0% ^
|
||
|
Navoi Mining & Metallurgical Co. 6.95%, 10/17/2031 (c)
|
940
|
980
|
|
Venezuela, Bolivarian Republic of — 0.2%
|
||
|
Petroleos de Venezuela SA
|
|
|
|
6.00%, 11/15/2026 (b) (k)
|
12,900
|
4,841
|
|
5.38%, 4/12/2027 (b) (k)
|
17,960
|
6,580
|
|
5.50%, 4/12/2037 (b) (k)
|
4,450
|
1,633
|
|
|
|
13,054
|
|
Total Corporate Bonds
(Cost $2,658,935)
|
|
2,640,860
|
|
|
SHARES
(000)
|
|
|
Exchange-Traded Funds — 9.6%
|
||
|
United States — 9.6%
|
||
|
JPMorgan Nasdaq Equity Premium Income ETF (n)(Cost $742,246)
|
14,247
|
829,871
|
|
|
PRINCIPAL
AMOUNT
($000)
|
|
|
Equity Linked Notes — 7.1%
|
||
|
Canada — 0.8%
|
||
|
Royal Bank of Canada, ELN, 11.00%, 8/28/2026 (b)
|
38
|
4,344
|
|
Royal Bank of Canada, ELN, 11.30%, 8/10/2026 (b)
|
4
|
1,551
|
|
Royal Bank of Canada, ELN, 12.00%, 8/28/2026 (b)
|
16
|
4,355
|
|
Royal Bank of Canada, ELN, 12.40%, 8/17/2026 (b)
|
17
|
6,189
|
|
Royal Bank of Canada, ELN, 13.90%, 8/10/2026 (b)
|
31
|
6,160
|
|
Royal Bank of Canada, ELN, 16.10%, 8/17/2026 (b)
|
6
|
2,496
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Equity Linked Notes — continued
|
||
|
Canada — continued
|
||
|
Royal Bank of Canada, ELN, 6.10%, 8/14/2026 (b)
|
46
|
4,413
|
|
Royal Bank of Canada, ELN, 9.20%, 8/21/2026 (b)
|
51
|
3,644
|
|
Toronto-Dominion Bank (The), ELN, 10.10%, 8/17/2026 (b)
|
6
|
1,959
|
|
Toronto-Dominion Bank (The), ELN, 11.50%, 8/21/2026 (b)
|
17
|
4,150
|
|
Toronto-Dominion Bank (The), ELN, 12.20%, 8/21/2026 (b)
|
13
|
4,247
|
|
Toronto-Dominion Bank (The), ELN, 12.80%, 8/7/2026 (b)
|
19
|
3,698
|
|
Toronto-Dominion Bank (The), ELN, 14.60%, 8/21/2026 (b)
|
23
|
4,233
|
|
Toronto-Dominion Bank (The), ELN, 16.40%, 8/7/2026 (b)
|
12
|
3,444
|
|
Toronto-Dominion Bank (The), ELN, 16.90%, 8/17/2026 (b)
|
4
|
1,234
|
|
Toronto-Dominion Bank (The), ELN, 17.00%, 8/17/2026 (b)
|
15
|
1,092
|
|
Toronto-Dominion Bank (The), ELN, 17.30%, 8/14/2026 (b)
|
13
|
3,238
|
|
Toronto-Dominion Bank (The), ELN, 19.00%, 8/21/2026 (b)
|
46
|
3,795
|
|
Toronto-Dominion Bank (The), ELN, 19.30%, 8/7/2026 (b)
|
30
|
3,580
|
|
Toronto-Dominion Bank (The), ELN, 8.70%, 8/21/2026 (b)
|
5
|
3,831
|
|
|
|
71,653
|
|
France — 3.2%
|
||
|
BNP Paribas Issuance BV, ELN, 11.50%, 8/7/2026 (b)
|
14
|
3,879
|
|
BNP Paribas Issuance BV, ELN, 14.60%, 8/24/2026 (b)
|
2
|
1,467
|
|
BNP Paribas Issuance BV, ELN, 18.10%, 8/14/2026 (b)
|
72
|
2,579
|
|
BNP Paribas Issuance BV, ELN, 20.10%, 8/24/2026 (b)
|
11
|
1,258
|
|
BNP Paribas Issuance BV, ELN, 7.20%, 8/14/2026 (b)
|
113
|
22,741
|
|
BNP Paribas Issuance BV, ELN, 7.50%, 8/21/2026 (b)
|
120
|
8,540
|
|
BNP Paribas Issuance BV, ELN, 7.60%, 8/14/2026 (b)
|
5
|
4,046
|
|
BNP Paribas Issuance BV, ELN, 8.30%, 8/14/2026 (b)
|
29
|
4,271
|
|
BNP Paribas Issuance BV, ELN, 8.80%, 8/7/2026 (b)
|
18
|
4,513
|
|
BNP Paribas Issuance BV, ELN, 8.90%, 8/14/2026 (b)
|
15
|
17,350
|
|
BNP Paribas Issuance BV, ELN, 9.50%, 8/21/2026 (b)
|
13
|
5,217
|
|
Societe Generale SA, ELN, 10.00%, 8/7/2026 (b)
|
57
|
17,651
|
|
Societe Generale SA, ELN, 11.10%, 8/21/2026 (b)
|
8
|
5,336
|
|
Societe Generale SA, ELN, 11.90%, 8/21/2026 (b)
|
18
|
6,526
|
|
Societe Generale SA, ELN, 12.00%, 8/21/2026 (b)
|
42
|
6,709
|
|
Societe Generale SA, ELN, 12.10%, 8/28/2026 (b)
|
13
|
10,560
|
|
Societe Generale SA, ELN, 14.20%, 8/28/2026 (b)
|
5
|
4,852
|
|
Societe Generale SA, ELN, 14.50%, 8/28/2026 (b)
|
13
|
5,012
|
|
Societe Generale SA, ELN, 14.50%, 8/28/2026 (b)
|
39
|
18,625
|
|
Societe Generale SA, ELN, 14.70%, 8/7/2026 (b)
|
8
|
7,930
|
|
Societe Generale SA, ELN, 14.90%, 8/7/2026 (b)
|
29
|
8,054
|
|
Societe Generale SA, ELN, 16.40%, 8/14/2026 (b)
|
3
|
4,775
|
|
Societe Generale SA, ELN, 17.00%, 8/21/2026 (b)
|
36
|
6,880
|
|
Societe Generale SA, ELN, 17.30%, 8/14/2026 (b)
|
23
|
18,753
|
|
Societe Generale SA, ELN, 17.50%, 8/7/2026 (b)
|
37
|
10,859
|
|
Societe Generale SA, ELN, 17.60%, 8/14/2026 (b)
|
122
|
11,144
|
|
Societe Generale SA, ELN, 19.30%, 8/7/2026 (b)
|
43
|
7,981
|
|
Societe Generale SA, ELN, 19.50%, 8/14/2026 (b)
|
13
|
7,182
|
|
Societe Generale SA, ELN, 22.00%, 8/28/2026 (b)
|
8
|
9,253
|
|
Societe Generale SA, ELN, 22.00%, 8/28/2026 (b)
|
14
|
5,100
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Equity Linked Notes — continued
|
||
|
France — continued
|
||
|
Societe Generale SA, ELN, 5.20%, 8/28/2026 (b)
|
31
|
4,870
|
|
Societe Generale SA, ELN, 5.50%, 8/14/2026 (b)
|
21
|
5,051
|
|
Societe Generale SA, ELN, 5.80%, 8/14/2026 (b)
|
25
|
5,783
|
|
Societe Generale SA, ELN, 7.50%, 8/14/2026 (b)
|
15
|
4,797
|
|
Societe Generale SA, ELN, 8.10%, 8/21/2026 (b)
|
16
|
5,612
|
|
Societe Generale SA, ELN, 8.30%, 8/28/2026 (b)
|
21
|
3,690
|
|
|
|
278,846
|
|
Japan — 0.1%
|
||
|
Mizuho Markets Cayman LP, ELN, 17.10%, 8/7/2026 (b)
|
6
|
3,601
|
|
United Kingdom — 1.6%
|
||
|
Barclays Bank plc, ELN, 10.00%, 8/28/2026 (b)
|
7
|
3,913
|
|
Barclays Bank plc, ELN, 10.60%, 8/21/2026 (b)
|
5
|
4,172
|
|
Barclays Bank plc, ELN, 12.60%, 8/14/2026 (b)
|
33
|
6,945
|
|
Barclays Bank plc, ELN, 14.20%, 8/28/2026 (b)
|
8
|
4,819
|
|
Barclays Bank plc, ELN, 14.70%, 8/14/2026 (b)
|
3
|
4,505
|
|
Barclays Bank plc, ELN, 15.00%, 8/28/2026 (b)
|
13
|
4,736
|
|
Barclays Bank plc, ELN, 19.80%, 8/14/2026 (b)
|
18
|
3,728
|
|
Barclays Bank plc, ELN, 4.50%, 8/7/2026 (b)
|
21
|
4,651
|
|
Barclays Bank plc, ELN, 4.80%, 8/21/2026 (b)
|
19
|
4,848
|
|
Barclays Bank plc, ELN, 6.10%, 8/28/2026 (b)
|
14
|
4,458
|
|
Barclays Bank plc, ELN, 8.00%, 8/24/2026 (b)
|
33
|
10,223
|
|
Barclays Bank plc, ELN, 8.10%, 8/14/2026 (b)
|
30
|
4,485
|
|
Barclays Bank plc, ELN, 8.10%, 8/7/2026 (b)
|
20
|
4,171
|
|
Barclays Bank plc, ELN, 9.90%, 8/7/2026 (b)
|
22
|
4,112
|
|
Morgan Stanley Finance LLC, ELN, 11.00%, 8/28/2026 (b)
|
13
|
3,782
|
|
Morgan Stanley Finance LLC, ELN, 13.00%, 8/28/2026 (b)
|
24
|
7,868
|
|
Morgan Stanley Finance LLC, ELN, 13.00%, 8/28/2026 (b)
|
17
|
4,751
|
|
Morgan Stanley Finance LLC, ELN, 13.50%, 8/21/2026 (b)
|
14
|
4,514
|
|
Morgan Stanley Finance LLC, ELN, 14.90%, 8/21/2026 (b)
|
30
|
4,920
|
|
Morgan Stanley Finance LLC, ELN, 15.00%, 8/28/2026 (b)
|
19
|
4,943
|
|
Morgan Stanley Finance LLC, ELN, 16.20%, 8/21/2026 (b)
|
18
|
4,431
|
|
Morgan Stanley Finance LLC, ELN, 16.20%, 8/21/2026 (b)
|
24
|
3,705
|
|
Morgan Stanley Finance LLC, ELN, 16.60%, 8/28/2026 (b)
|
51
|
7,004
|
|
Morgan Stanley Finance LLC, ELN, 17.10%, 8/21/2026 (b)
|
13
|
5,391
|
|
Morgan Stanley Finance LLC, ELN, 22.00%, 8/21/2026 (b)
|
5
|
3,774
|
|
Morgan Stanley Finance LLC, ELN, 4.80%, 8/28/2026 (b)
|
54
|
4,704
|
|
Morgan Stanley Finance LLC, ELN, 8.90%, 8/21/2026 (b)
|
8
|
4,766
|
|
Morgan Stanley Finance LLC, ELN, 9.60%, 8/21/2026 (b)
|
40
|
6,290
|
|
|
|
140,609
|
|
United States — 1.4%
|
||
|
Goldman Sachs International, ELN, 10.50%, 8/21/2026 (b)
|
57
|
3,594
|
|
Goldman Sachs International, ELN, 11.20%, 8/21/2026 (b)
|
15
|
3,025
|
|
Goldman Sachs International, ELN, 11.20%, 8/28/2026 (b)
|
21
|
3,945
|
|
Goldman Sachs International, ELN, 12.60%, 8/24/2026 (b)
|
4
|
1,599
|
|
Goldman Sachs International, ELN, 17.40%, 8/24/2026 (b)
|
6
|
1,204
|
|
Goldman Sachs International, ELN, 17.50%, 8/24/2026 (b)
|
12
|
1,502
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Equity Linked Notes — continued
|
||
|
United States — continued
|
||
|
Goldman Sachs International, ELN, 18.00%, 8/28/2026 (b)
|
26
|
12,907
|
|
Goldman Sachs International, ELN, 20.80%, 8/21/2026 (b)
|
18
|
3,746
|
|
Goldman Sachs International, ELN, 5.10%, 8/21/2026 (b)
|
22
|
4,126
|
|
Goldman Sachs International, ELN, 7.50%, 8/21/2026 (b)
|
46
|
3,646
|
|
Goldman Sachs International, ELN, 8.60%, 8/21/2026 (b)
|
14
|
4,215
|
|
Morgan Stanley Finance LLC, ELN, 10.20%, 8/31/2026 (b)
|
18
|
4,883
|
|
Morgan Stanley Finance LLC, ELN, 10.40%, 8/31/2026 (b)
|
6
|
1,643
|
|
Morgan Stanley Finance LLC, ELN, 10.70%, 8/31/2026 (b)
|
9
|
1,765
|
|
Morgan Stanley Finance LLC, ELN, 11.50%, 8/7/2026 (b)
|
33
|
6,208
|
|
Morgan Stanley Finance LLC, ELN, 12.00%, 8/7/2026 (b)
|
54
|
7,173
|
|
Morgan Stanley Finance LLC, ELN, 12.60%, 8/10/2026 (b)
|
5
|
2,305
|
|
Morgan Stanley Finance LLC, ELN, 13.90%, 8/31/2026 (b)
|
12
|
1,874
|
|
Morgan Stanley Finance LLC, ELN, 14.20%, 8/7/2026 (b)
|
46
|
5,143
|
|
Morgan Stanley Finance LLC, ELN, 18.20%, 8/10/2026 (b)
|
9
|
3,315
|
|
Morgan Stanley Finance LLC, ELN, 19.50%, 8/31/2026 (b)
|
3
|
1,317
|
|
Morgan Stanley Finance LLC, ELN, 19.80%, 8/10/2026 (b)
|
19
|
1,330
|
|
Morgan Stanley Finance LLC, ELN, 20.00%, 8/7/2026 (b)
|
15
|
4,051
|
|
Morgan Stanley Finance LLC, ELN, 20.90%, 8/31/2026 (b)
|
7
|
2,187
|
|
Morgan Stanley Finance LLC, ELN, 22.00%, 8/7/2026 (b)
|
12
|
3,819
|
|
Morgan Stanley Finance LLC, ELN, 4.20%, 8/7/2026 (b)
|
19
|
4,006
|
|
Morgan Stanley Finance LLC, ELN, 4.90%, 8/7/2026 (b)
|
18
|
4,246
|
|
Morgan Stanley Finance LLC, ELN, 5.50%, 8/7/2026 (b)
|
8
|
8,601
|
|
Morgan Stanley Finance LLC, ELN, 8.50%, 8/31/2026 (b)
|
19
|
1,833
|
|
Morgan Stanley Finance LLC, ELN, 8.70%, 8/17/2026 (b)
|
5
|
2,796
|
|
Societe Generale SA, ELN, 9.10%, 8/28/2026 (b)
|
54
|
5,649
|
|
Wells Fargo Bank NA, ELN, 9.20%, 8/7/2026 (b)
|
54
|
4,531
|
|
|
|
122,184
|
|
Total Equity Linked Notes
(Cost $639,390)
|
|
616,893
|
|
Commercial Mortgage-Backed Securities — 4.5%
|
||
|
United States — 4.5%
|
||
|
BANK
|
|
|
|
Series 2017-BNK4, Class D, 3.36%, 5/15/2050 (c)
|
2,575
|
1,696
|
|
Series 2019-BN16, Class D, 3.00%, 2/15/2052 (c)
|
2,500
|
1,961
|
|
Series 2019-BN16, Class F, 3.67%, 2/15/2052 (c) (l)
|
2,000
|
741
|
|
Series 2019-BN21, Class F, 2.68%, 10/17/2052 (c)
|
2,000
|
1,189
|
|
Series 2019-BN23, Class D, 2.50%, 12/15/2052 (c)
|
4,000
|
3,061
|
|
Series 2021-BN31, Class E, 2.50%, 2/15/2054 (c) (l)
|
2,500
|
1,759
|
|
Series 2017-BNK5, Class D, 3.08%, 6/15/2060 (c) (l)
|
8,500
|
7,796
|
|
Series 2017-BNK6, Class D, 3.10%, 7/15/2060 (c)
|
2,210
|
1,866
|
|
Series 2018-BN14, Class F, 3.94%, 9/15/2060 (c)
|
1,534
|
398
|
|
Series 2019-BN19, Class C, 4.03%, 8/15/2061 (l)
|
7,500
|
5,561
|
|
Series 2018-BN15, Class E, 3.00%, 11/15/2061 (c)
|
1,000
|
791
|
|
Series 2019-BN24, Class D, 2.50%, 11/15/2062 (c)
|
1,000
|
795
|
|
Series 2019-BN24, Class C, 3.52%, 11/15/2062 (l)
|
6,000
|
5,331
|
|
Series 2020-BN26, Class D, 2.50%, 3/15/2063 (c)
|
1,350
|
1,000
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Commercial Mortgage-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2020-BN28, Class E, 2.50%, 3/15/2063 (c)
|
3,000
|
2,228
|
|
BBCMS Mortgage Trust Series 2017-C1, Class D, 3.54%, 2/15/2050 (c) (l)
|
2,887
|
2,151
|
|
Benchmark Mortgage Trust
|
|
|
|
Series 2018-B1, Class D, 2.75%, 1/15/2051 (c)
|
975
|
351
|
|
Series 2019-B9, Class F, 3.74%, 3/15/2052 (c) (l)
|
6,590
|
3,040
|
|
Series 2019-B11, Class D, 3.00%, 5/15/2052 (c)
|
4,000
|
2,149
|
|
Series 2019-B11, Class C, 3.75%, 5/15/2052 (l)
|
13,959
|
10,994
|
|
Series 2020-B21, Class E, 2.00%, 12/17/2053 (c)
|
2,500
|
1,409
|
|
Series 2026-V20, Class XA, IO, 1.22%, 2/15/2059 (l)
|
12,993
|
629
|
|
Series 2019-B14, Class E, 2.50%, 12/15/2062 (c)
|
1,415
|
530
|
|
Series 2026-B43, Class XB, IO, 0.48%, 4/15/2063 (l)
|
7,050
|
284
|
|
Series 2026-B43, Class XA, IO, 1.03%, 4/15/2063 (l)
|
6,253
|
430
|
|
Series 2019-B15, Class E, 2.75%, 12/15/2072 (c)
|
4,391
|
2,613
|
|
BMO Mortgage Trust Series 2026-C14, Class XA, IO, 1.13%, 2/15/2059 (l)
|
1,167
|
90
|
|
BX Mortgage Trust Series 2025-BIO3, Class D, 6.96%, 2/10/2042 (c) (l)
|
475
|
465
|
|
Cantor Commercial Real Estate Lending Series 2019-CF3, Class C, 3.58%, 1/15/2053 (l)
|
3,455
|
2,581
|
|
CD Mortgage Trust
|
|
|
|
Series 2016-CD2, Class C, 4.13%, 11/10/2049 (l)
|
750
|
442
|
|
Series 2017-CD3, Class A4, 3.63%, 2/10/2050
|
3,800
|
3,730
|
|
Series 2017-CD4, Class D, 3.30%, 5/10/2050 (c)
|
2,200
|
1,646
|
|
Series 2017-CD5, Class D, 3.35%, 8/15/2050 (c)
|
1,831
|
1,725
|
|
Series 2017-CD6, Class C, 4.26%, 11/13/2050 (l)
|
1,371
|
1,293
|
|
Series 2018-CD7, Class D, 3.09%, 8/15/2051 (c) (l)
|
2,000
|
1,700
|
|
Series 2019-CD8, Class E, 3.00%, 8/15/2057 (c)
|
1,790
|
1,084
|
|
CFCRE Commercial Mortgage Trust Series 2016-C6, Class D, 4.24%, 11/10/2049 (c) (l)
|
1,000
|
766
|
|
CGMS Commercial Mortgage Trust Series 2017-B1, Class E, 3.30%, 8/15/2050 (c) (l)
|
1,500
|
1,181
|
|
Citigroup Commercial Mortgage Trust
|
|
|
|
Series 2015-GC27, Class D, 4.38%, 2/10/2048 (c) (l)
|
1,243
|
1,223
|
|
Series 2015-GC29, Class C, 3.97%, 4/10/2048 (l)
|
2,000
|
1,780
|
|
Series 2015-P1, Class D, 3.23%, 9/15/2048 (c)
|
25
|
24
|
|
Series 2016-C1, Class D, 4.76%, 5/10/2049 (c) (l)
|
4,975
|
4,735
|
|
Series 2016-C2, Class D, 3.25%, 8/10/2049 (c) (l)
|
1,000
|
961
|
|
Series 2016-P6, Class D, 3.25%, 12/10/2049 (c)
|
1,325
|
980
|
|
Series 2017-P7, Class B, 4.14%, 4/14/2050 (l)
|
910
|
868
|
|
Series 2017-P7, Class C, 4.42%, 4/14/2050 (l)
|
3,295
|
2,865
|
|
Series 2020-GC46, Class E, 2.60%, 2/15/2053 (c)
|
4,500
|
2,556
|
|
COLEM Mortgage Trust Series 2022-HLNE, Class A, 2.46%, 4/12/2042 (c) (l)
|
2,500
|
2,449
|
|
Commercial Mortgage Trust
|
|
|
|
Series 2014-CR15, Class C, 3.86%, 2/10/2047 (l)
|
989
|
978
|
|
Series 2014-UBS5, Class D, 3.50%, 9/10/2047 (c)
|
4,100
|
2,663
|
|
Series 2015-CR22, Class E, 3.00%, 3/10/2048 (c)
|
2,500
|
1,331
|
|
Series 2015-CR22, Class D, 3.59%, 3/10/2048 (c) (l)
|
2,300
|
1,698
|
|
Series 2015-LC21, Class D, 4.29%, 7/10/2048 (l)
|
450
|
424
|
|
Series 2015-CR25, Class D, 3.07%, 8/10/2048 (l)
|
176
|
169
|
|
Series 2015-CR24, Class D, 3.46%, 8/10/2048 (l)
|
1,220
|
1,182
|
|
Series 2015-CR27, Class D, 3.52%, 10/10/2048 (c) (l)
|
500
|
435
|
|
Series 2015-CR26, Class D, 3.68%, 10/10/2048 (l)
|
2,500
|
2,030
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Commercial Mortgage-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2015-LC23, Class D, 3.71%, 10/10/2048 (c) (l)
|
2,750
|
2,420
|
|
Series 2015-LC23, Class E, 3.71%, 10/10/2048 (c) (l)
|
1,500
|
1,219
|
|
Series 2016-CR28, Class C, 4.58%, 2/10/2049 (l)
|
2,000
|
1,902
|
|
Series 2018-COR3, Class D, 2.81%, 5/10/2051 (c) (l)
|
2,000
|
611
|
|
CSAIL Commercial Mortgage Trust
|
|
|
|
Series 2017-CX9, Class D, 4.03%, 9/15/2050 (c) (l)
|
720
|
545
|
|
Series 2018-C14, Class C, 4.88%, 11/15/2051 (l)
|
3,537
|
3,066
|
|
Series 2018-C14, Class D, 4.88%, 11/15/2051 (c) (l)
|
2,973
|
2,136
|
|
DBJPM Mortgage Trust
|
|
|
|
Series 2016-C3, Class D, 3.45%, 8/10/2049 (c) (l)
|
3,570
|
1,963
|
|
Series 2016-C3, Class E, 4.20%, 8/10/2049 (c) (l)
|
1,250
|
437
|
|
FHLMC
|
|
|
|
Series 2025-MN11, Class M1, 5.27%, 7/25/2045 (c) (l)
|
2,638
|
2,633
|
|
Series 2025-MN11, Class M2, 6.27%, 7/25/2045 (c) (l)
|
3,772
|
3,754
|
|
FHLMC MSCR Trust
|
|
|
|
Series 2021-MN2, Class B1, 9.12%, 7/25/2041 (c) (l)
|
2,000
|
2,011
|
|
Series 2025-MN10, Class M2, 6.47%, 2/25/2045 (c) (l)
|
2,500
|
2,514
|
|
Series 2025-MN11, Class B1, 8.02%, 7/25/2045 (c) (l)
|
1,660
|
1,675
|
|
Series 2025-MN12, Class B1, 8.12%, 11/25/2045 (c) (l)
|
3,700
|
3,722
|
|
Series 2026-MN13, Class M2, 6.57%, 3/25/2046 (c) (l)
|
2,810
|
2,833
|
|
Series 2026-MN14, Class M1, 5.32%, 6/25/2046 (c) (l)
|
281
|
281
|
|
Series 2026-MN14, Class M2, 6.32%, 6/25/2046 (c) (l)
|
2,100
|
2,107
|
|
Series 2021-MN1, Class M1, 5.62%, 1/25/2051 (c) (l)
|
60
|
60
|
|
Series 2021-MN1, Class M2, 7.37%, 1/25/2051 (c) (l)
|
10,750
|
10,932
|
|
Series 2021-MN1, Class B1, 11.37%, 1/25/2051 (c) (l)
|
2,650
|
2,916
|
|
Series 2021-MN3, Class M1, 5.92%, 11/25/2051 (c) (l)
|
417
|
417
|
|
FHLMC, Multi-Class Certificates Series 2020-RR05, Class X, IO, 2.01%, 1/27/2029
|
17,110
|
695
|
|
FHLMC, Multi-Family Structured Credit Risk Series 2022-MN5, Class B1, 13.12%, 11/25/2042 (c) (l)
|
8,302
|
9,857
|
|
FHLMC, Multi-Family Structured Pass-Through Certificates
|
|
|
|
Series KC04, Class X1, IO, 1.27%, 12/25/2026 (l)
|
5,584
|
24
|
|
Series K084, Class X3, IO, 2.24%, 11/25/2028 (l)
|
6,000
|
284
|
|
Series K090, Class X3, IO, 2.31%, 10/25/2029 (l)
|
1,750
|
102
|
|
Series K-1516, Class X1, IO, 1.50%, 5/25/2035 (l)
|
5,654
|
556
|
|
Series Q012, Class X, IO, 3.94%, 9/25/2035 (l)
|
17,539
|
2,338
|
|
Series K061, Class X3, IO, 1.88%, 12/25/2044 (l)
|
1,457
|
9
|
|
Series K060, Class X3, IO, 1.90%, 12/25/2044 (l)
|
1,000
|
4
|
|
Series K087, Class X3, IO, 2.27%, 1/25/2046 (l)
|
17,957
|
875
|
|
Series K089, Class X3, IO, 2.30%, 1/25/2046 (l)
|
22,283
|
1,207
|
|
Series K102, Class X3, IO, 1.89%, 12/25/2046 (l)
|
1,180
|
68
|
|
Series K088, Class X3, IO, 2.35%, 2/25/2047 (l)
|
10,130
|
548
|
|
Series K093, Class X3, IO, 2.21%, 5/25/2047 (l)
|
15,000
|
844
|
|
Series K116, Class X3, IO, 3.02%, 9/25/2047 (l)
|
10,500
|
1,077
|
|
Series K108, Class X3, IO, 3.49%, 4/25/2048 (l)
|
16,575
|
1,748
|
|
FIVE Mortgage Trust Series 2023-V1, Class A3, 5.67%, 2/10/2056 (l)
|
800
|
807
|
|
FNMA ACES
|
|
|
|
Series 2019-M11, Class X1, IO, 0.99%, 6/25/2029 (l)
|
3,238
|
63
|
|
Series 2019-M21, Class X2, IO, 1.28%, 2/25/2031 (l)
|
80,728
|
3,403
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Commercial Mortgage-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2020-M37, Class X, IO, 0.98%, 4/25/2032 (l)
|
22,203
|
661
|
|
FREMF Mortgage Trust
|
|
|
|
Series 2017-KL1E, Class BE, 3.91%, 2/25/2027 (c) (l)
|
186
|
181
|
|
Series 2017-KF33, Class B, 6.30%, 6/25/2027 (c) (l)
|
566
|
554
|
|
Series 2018-KF43, Class B, 5.90%, 1/25/2028 (c) (l)
|
1,288
|
1,260
|
|
Series 21K-F116, Class CS, 10.03%, 6/25/2028 (c) (l)
|
4,599
|
4,574
|
|
Series 2018-KF50, Class B, 5.65%, 7/25/2028 (c) (l)
|
293
|
287
|
|
Series 2019-KG01, Class B, 4.34%, 4/25/2029 (c) (l)
|
4,765
|
4,355
|
|
Series 2019-KW09, Class X2A, IO, 0.10%, 5/25/2029 (c)
|
220,182
|
470
|
|
Series 2019-KW09, Class C, PO, 6/25/2029 (c)
|
24,011
|
18,853
|
|
Series 2019-KW09, Class X2B, IO, 0.10%, 6/25/2029 (c)
|
32,681
|
76
|
|
Series 2022-KF132, Class CS, 10.03%, 2/25/2032 (c) (l)
|
7,212
|
6,720
|
|
Series 2023-KF149, Class CS, 9.78%, 12/25/2032 (c) (l)
|
6,831
|
6,947
|
|
Series 2017-K724, Class D, PO, 12/25/2049 (c)
|
723
|
597
|
|
Series 2017-K724, Class X2B, IO, 0.10%, 12/25/2049 (c)
|
723
|
1
|
|
GNMA
|
|
|
|
Series 2012-89, IO, 0.19%, 12/16/2053 (l)
|
3,844
|
—
|
|
Series 2025-138, Class A, 4.75%, 5/16/2056
|
762
|
745
|
|
Series 2026-23, Class A, 4.50%, 1/16/2060
|
2,090
|
2,022
|
|
Series 2021-169, IO, 1.11%, 6/16/2061 (l)
|
10,427
|
837
|
|
Series 2021-178, Class SA, IF, IO, 0.03%, 10/16/2061 (l)
|
10,809
|
379
|
|
Series 2020-2, IO, 0.59%, 3/16/2062 (l)
|
6,030
|
249
|
|
Series 2020-89, Class IA, IO, 1.16%, 4/16/2062 (l)
|
3,073
|
244
|
|
Series 2021-13, IO, 0.97%, 6/16/2062 (l)
|
11,282
|
726
|
|
Series 2020-195, Class IX, IO, 1.13%, 12/16/2062 (l)
|
1,669
|
131
|
|
Series 2021-48, Class FT, 3.97%, 12/16/2062 (l)
|
1,156
|
1,026
|
|
Series 2020-145, IO, 0.73%, 3/16/2063 (l)
|
51,846
|
2,633
|
|
Series 2024-32, IO, 0.70%, 6/16/2063 (l)
|
49,007
|
2,533
|
|
Series 2025-78, IO, 1.00%, 11/16/2063 (l)
|
73,317
|
5,378
|
|
Series 2022-7, Class SA, IF, IO, 0.03%, 2/16/2064 (l)
|
14,091
|
512
|
|
Series 2025-206, IO, 0.80%, 4/16/2064 (l)
|
16,360
|
995
|
|
Series 2026-133, IO, 0.83%, 4/16/2065 (l)
|
7,300
|
456
|
|
Series 2025-21, IO, 0.95%, 4/16/2065 (l)
|
24,353
|
1,719
|
|
Series 2026-95, IO, 0.83%, 7/16/2065 (l)
|
9,400
|
575
|
|
Series 2025-42, IO, 0.53%, 11/16/2065 (l)
|
22,268
|
1,008
|
|
Series 2025-112, IO, 0.57%, 3/16/2066 (l)
|
18,059
|
882
|
|
Series 2025-202, IO, 0.72%, 9/16/2067 (l)
|
7,103
|
497
|
|
Series 2025-183, IO, 0.73%, 10/16/2067 (l)
|
7,343
|
486
|
|
Series 2026-23, Class AC, 5.00%, 11/16/2067 (l)
|
1,095
|
1,112
|
|
Series 2026-56, Class AJ, 5.00%, 11/16/2068 (l)
|
1,824
|
1,848
|
|
Series 2026-56, Class AK, 5.00%, 11/16/2068 (l)
|
1,825
|
1,837
|
|
GNMA, STRIPS Series 3, Class 23, IO, 1.40%, 9/16/2045
|
5,423
|
413
|
|
GS Mortgage Securities Trust
|
|
|
|
Series 2015-GC28, Class D, 4.42%, 2/10/2048 (c) (l)
|
1,053
|
1,023
|
|
Series 2016-GS2, Class D, 2.75%, 5/10/2049 (c)
|
2,750
|
2,336
|
|
Series 2017-GS6, Class D, 3.24%, 5/10/2050 (c)
|
1,750
|
1,204
|
|
Series 2015-GC30, Class D, 3.38%, 5/10/2050
|
1,250
|
762
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Commercial Mortgage-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2017-GS6, Class C, 4.32%, 5/10/2050 (l)
|
4,330
|
3,256
|
|
Series 2019-GC40, Class D, 3.00%, 7/10/2052 (c)
|
3,800
|
2,716
|
|
Series 2019-GC40, Class E, 3.00%, 7/10/2052 (c)
|
2,250
|
1,455
|
|
Series 2020-GC45, Class D, 2.85%, 2/13/2053 (c) (l)
|
2,824
|
2,119
|
|
IRV Trust
|
|
|
|
Series 2025-200P, Class A, 5.29%, 3/14/2047 (c) (l)
|
3,400
|
3,372
|
|
Series 2025-200P, Class B, 5.44%, 3/14/2047 (c) (l)
|
1,400
|
1,369
|
|
Series 2025-200P, Class C, 5.73%, 3/14/2047 (c) (l)
|
1,700
|
1,663
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
|
Series 2014-C26, Class C, 4.00%, 1/15/2048 (l)
|
1,926
|
1,849
|
|
Series 2015-C33, Class C, 4.80%, 12/15/2048 (l)
|
5,664
|
5,451
|
|
Series 2016-C1, Class D2, 4.26%, 3/17/2049 (c) (l)
|
1,465
|
1,258
|
|
Series 2016-C1, Class C, 4.76%, 3/17/2049 (l)
|
5,000
|
4,840
|
|
JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class D, 4.49%, 3/15/2050 (c) (l)
|
7,577
|
6,221
|
|
JPMDB Commercial Mortgage Securities Trust Series 2016-C4, Class D, 3.21%, 12/15/2049 (c) (l)
|
2,514
|
1,514
|
|
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP3, Class D, 3.56%,
8/15/2049 (c) (l)
|
4,500
|
2,139
|
|
Morgan Stanley Bank of America Merrill Lynch Trust
|
|
|
|
Series 2012-C5, Class G, 4.50%, 8/15/2045 (c)
|
1,500
|
1,339
|
|
Series 2014-C19, Class D, 3.25%, 12/15/2047 (c)
|
1,174
|
1,157
|
|
Series 2016-C31, Class D, 3.00%, 11/15/2049 (c) (l)
|
2,415
|
1,883
|
|
Series 2016-C31, Class C, 4.21%, 11/15/2049 (l)
|
1,440
|
1,358
|
|
Morgan Stanley Capital I Trust
|
|
|
|
Series 2018-MP, Class D, 4.28%, 7/11/2040 (c) (l)
|
730
|
603
|
|
Series 2018-L1, Class E, 3.00%, 10/15/2051 (c)
|
5,486
|
4,460
|
|
Series 2019-L2, Class D, 3.00%, 3/15/2052 (c)
|
7,075
|
5,599
|
|
Series 2019-L2, Class E, 3.00%, 3/15/2052 (c)
|
2,575
|
1,937
|
|
MRCD MARK Mortgage Trust
|
|
|
|
Series 2019-PARK, Class F, 2.72%, 12/15/2036 (c)
|
10,000
|
6,393
|
|
Series 2019-PARK, Class G, 2.72%, 12/15/2036 (c)
|
4,000
|
1,881
|
|
Series 2019-PARK, Class J, 4.25%, 12/15/2036 (c)
|
17,000
|
7,138
|
|
Multi-Family Connecticut Avenue Securities Trust
|
|
|
|
Series 2019-01, Class M10, 6.98%, 10/25/2049 (c) (l)
|
3,433
|
3,464
|
|
Series 2020-01, Class M10, 7.48%, 3/25/2050 (c) (l)
|
7,262
|
7,362
|
|
Series 2024-01, Class M10, 7.47%, 7/25/2054 (c) (l)
|
5,000
|
5,192
|
|
Series 2025-01, Class M1, 6.02%, 5/25/2055 (c) (l)
|
3,396
|
3,439
|
|
Series 2025-01, Class M2, 6.72%, 5/25/2055 (c) (l)
|
4,410
|
4,476
|
|
Series 2025-01, Class B1, 8.82%, 5/25/2055 (c) (l)
|
1,800
|
1,891
|
|
NYC Commercial Mortgage Trust Series 2021-909, Class E, 3.21%, 4/10/2043 (c) (l)
|
5,000
|
3,610
|
|
ROCK Trust Series 2024-CNTR, Class E, 8.82%, 11/13/2041 (c)
|
8,925
|
9,273
|
|
UBS Commercial Mortgage Trust Series 2018-C9, Class B, 4.57%, 3/15/2051 (l)
|
2,430
|
1,776
|
|
VASA Trust Series 2021-VASA, Class G, 8.79%, 7/15/2039 (c) (l)
|
1,360
|
1,128
|
|
Velocity Commercial Capital Loan Trust
|
|
|
|
Series 2018-2, Class A, 4.05%, 10/26/2048 (c) (l)
|
746
|
729
|
|
Series 2018-2, Class M2, 4.51%, 10/26/2048 (c) (l)
|
101
|
96
|
|
Series 2018-2, Class M3, 4.72%, 10/26/2048 (c) (l)
|
147
|
136
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
Series 2015-NXS1, Class E, 2.88%, 5/15/2048 (c) (l)
|
1,500
|
1,251
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Commercial Mortgage-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2015-C28, Class D, 4.13%, 5/15/2048 (l)
|
1,655
|
1,616
|
|
Series 2016-C35, Class D, 3.14%, 7/15/2048 (c)
|
5,000
|
4,798
|
|
Series 2017-C38, Class D, 3.00%, 7/15/2050 (c)
|
1,700
|
1,384
|
|
Series 2018-C43, Class D, 3.00%, 3/15/2051 (c)
|
1,250
|
1,079
|
|
Series 2018-C44, Class D, 3.00%, 5/15/2051 (c)
|
1,517
|
1,210
|
|
Series 2019-C52, Class XA, IO, 1.54%, 8/15/2052 (l)
|
5,349
|
202
|
|
WFRBS Commercial Mortgage Trust
|
|
|
|
Series 2014-C21, Class D, 3.50%, 8/15/2047 (c)
|
1,700
|
1,556
|
|
Series 2014-C22, Class D, 3.75%, 9/15/2057 (c) (l)
|
5,505
|
2,835
|
|
Total Commercial Mortgage-Backed Securities
(Cost $430,693)
|
|
393,047
|
|
Foreign Government Securities — 3.8%
|
||
|
Angola — 0.2%
|
||
|
Republic of Angola
|
|
|
|
8.00%, 11/26/2029 (a) (c)
|
672
|
686
|
|
9.24%, 1/15/2031 (c)
|
3,900
|
4,080
|
|
9.24%, 1/15/2031 (b)
|
400
|
419
|
|
8.75%, 4/14/2032 (b)
|
1,670
|
1,703
|
|
9.38%, 3/31/2033 (c)
|
1,000
|
1,028
|
|
9.88%, 10/15/2035 (c)
|
1,600
|
1,681
|
|
9.88%, 10/15/2035 (b)
|
693
|
728
|
|
9.88%, 3/31/2037 (c)
|
1,000
|
1,037
|
|
9.13%, 11/26/2049 (b)
|
2,090
|
1,950
|
|
|
|
13,312
|
|
Argentina — 0.5%
|
||
|
Argentine Republic
|
|
|
|
1.00%, 7/9/2029
|
2,271
|
2,034
|
|
0.75%, 7/9/2030 (i)
|
3,642
|
3,181
|
|
0.76%, 7/9/2030 (i)
|
3,980
|
2,155
|
|
4.12%, 7/9/2035 (i)
|
15,076
|
11,903
|
|
5.00%, 1/9/2038 (i)
|
9,291
|
7,665
|
|
3.50%, 7/9/2041 (i)
|
5,045
|
3,731
|
|
4.12%, 7/9/2046 (i)
|
5,291
|
3,928
|
|
Ciudad Autonoma De Buenos Aires 7.05%, 5/13/2036 (c)
|
1,400
|
1,373
|
|
Provincia de Cordoba 8.60%, 2/3/2035 (c)
|
1,991
|
1,981
|
|
Provincia de Neuquen Argentina 7.35%, 8/25/2034 (c)
|
2,249
|
2,219
|
|
|
|
40,170
|
|
Bahamas — 0.0% ^
|
||
|
Commonwealth of the Bahamas 8.25%, 6/24/2036 (c)
|
937
|
1,035
|
|
Bahrain — 0.0% ^
|
||
|
Kingdom of Bahrain
|
|
|
|
6.75%, 9/20/2029 (b)
|
200
|
195
|
|
6.63%, 10/6/2037 (c)
|
2,250
|
2,024
|
|
7.50%, 9/20/2047 (b)
|
1,590
|
1,456
|
|
|
|
3,675
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Foreign Government Securities — continued
|
||
|
Barbados — 0.0% ^
|
||
|
Barbados Government Bond 8.00%, 6/26/2035 (c)
|
1,931
|
2,053
|
|
Benin — 0.0% ^
|
||
|
Benin Government Bond
|
|
|
|
7.96%, 2/13/2038 (c)
|
1,332
|
1,378
|
|
7.96%, 2/13/2038 (b)
|
1,000
|
1,034
|
|
8.38%, 1/23/2041 (a) (c)
|
747
|
791
|
|
|
|
3,203
|
|
Bolivia, Plurinational State of — 0.0% ^
|
||
|
Plurinational State of Bolivia 9.45%, 5/14/2031 (c)
|
4,000
|
4,060
|
|
Brazil — 0.0% ^
|
||
|
Federative Republic of Brazil
|
|
|
|
5.00%, 1/27/2045
|
1,230
|
949
|
|
4.75%, 1/14/2050
|
620
|
439
|
|
7.13%, 5/13/2054 (a)
|
1,155
|
1,105
|
|
|
|
2,493
|
|
Cameroon — 0.0% ^
|
||
|
Republic of Cameroon 9.50%, 7/31/2031 (b)
|
2,300
|
2,293
|
|
Colombia — 0.3%
|
||
|
Barranquilla Distrito Especial Industrial y Portuario 7.35%, 7/23/2031 (c)
|
3,020
|
3,091
|
|
Republic of Colombia
|
|
|
|
3.13%, 4/15/2031
|
800
|
704
|
|
8.00%, 4/20/2033
|
2,950
|
3,181
|
|
7.75%, 11/7/2036 (a)
|
1,700
|
1,816
|
|
7.38%, 9/18/2037
|
1,000
|
1,037
|
|
6.13%, 1/18/2041
|
950
|
862
|
|
8.75%, 11/14/2053 (a)
|
2,000
|
2,275
|
|
8.38%, 11/7/2054 (a)
|
9,900
|
10,853
|
|
|
|
23,819
|
|
Congo, Democratic Republic of the — 0.1%
|
||
|
Republic of Congo
|
|
|
|
8.75%, 4/16/2032 (c)
|
1,860
|
1,915
|
|
9.50%, 2/17/2035 (b)
|
3,800
|
3,685
|
|
9.50%, 5/26/2036 (b)
|
2,400
|
2,278
|
|
9.50%, 4/16/2037 (c)
|
1,370
|
1,428
|
|
|
|
9,306
|
|
Dominican Republic — 0.2%
|
||
|
Dominican Republic Government Bond
|
|
|
|
7.05%, 2/3/2031 (c)
|
1,330
|
1,383
|
|
5.88%, 10/28/2035 (c)
|
3,980
|
3,842
|
|
6.15%, 5/17/2038 (c)
|
1,813
|
1,737
|
|
7.45%, 4/30/2044 (b)
|
900
|
945
|
|
6.85%, 1/27/2045 (b)
|
500
|
492
|
|
6.50%, 2/15/2048 (b)
|
1,950
|
1,844
|
|
6.40%, 6/5/2049 (b)
|
1,050
|
980
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Foreign Government Securities — continued
|
||
|
Dominican Republic—continued
|
||
|
7.15%, 2/24/2055 (b)
|
2,000
|
2,028
|
|
5.88%, 1/30/2060 (c)
|
880
|
744
|
|
5.88%, 1/30/2060 (b)
|
620
|
524
|
|
|
|
14,519
|
|
Ecuador — 0.3%
|
||
|
Republic of Ecuador
|
|
|
|
6.90%, 7/31/2030 (b) (i)
|
1,350
|
1,345
|
|
8.75%, 1/29/2034 (c)
|
2,393
|
2,374
|
|
6.90%, 7/31/2035 (b) (i)
|
3,616
|
3,257
|
|
9.25%, 1/29/2039 (c)
|
9,542
|
9,497
|
|
5.50%, 7/31/2040 (b) (i)
|
9,412
|
7,591
|
|
|
|
24,064
|
|
Egypt — 0.4%
|
||
|
Arab Republic of Egypt
|
|
|
|
5.88%, 2/16/2031 (b)
|
5,950
|
5,700
|
|
7.05%, 1/15/2032 (c)
|
880
|
866
|
|
7.05%, 1/15/2032 (b)
|
4,450
|
4,381
|
|
7.63%, 5/29/2032 (b)
|
2,600
|
2,608
|
|
7.30%, 9/30/2033 (b)
|
2,230
|
2,181
|
|
7.63%, 5/20/2034 (c)
|
1,842
|
1,822
|
|
8.70%, 3/1/2049 (b)
|
5,470
|
5,201
|
|
8.70%, 3/1/2049 (c)
|
1,520
|
1,445
|
|
8.88%, 5/29/2050 (b)
|
5,150
|
4,944
|
|
8.75%, 9/30/2051 (b)
|
1,200
|
1,139
|
|
|
|
30,287
|
|
El Salvador — 0.1%
|
||
|
Republic of El Salvador
|
|
|
|
9.25%, 4/17/2030 (c)
|
1,395
|
1,495
|
|
9.25%, 4/17/2030 (b)
|
620
|
664
|
|
9.50%, 7/15/2052 (b)
|
1,250
|
1,400
|
|
9.65%, 11/21/2054 (c)
|
1,628
|
1,856
|
|
|
|
5,415
|
|
Gabon — 0.1%
|
||
|
Gabonese Republic
|
|
|
|
9.50%, 2/18/2029 (b)
|
1,900
|
1,854
|
|
6.63%, 2/6/2031 (b)
|
3,406
|
3,004
|
|
9.38%, 8/5/2033 (c)
|
4,810
|
4,205
|
|
|
|
9,063
|
|
Ghana — 0.1%
|
||
|
Republic of Ghana
|
|
|
|
5.00%, 7/3/2035 (c) (i)
|
2,110
|
1,931
|
|
5.00%, 7/3/2035 (b) (i)
|
3,600
|
3,295
|
|
|
|
5,226
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Foreign Government Securities — continued
|
||
|
Honduras — 0.1%
|
||
|
Republic of Honduras
|
|
|
|
8.63%, 11/27/2034 (a) (c)
|
1,190
|
1,358
|
|
8.63%, 11/27/2034 (b)
|
1,600
|
1,827
|
|
6.40%, 7/29/2036 (c)
|
1,358
|
1,354
|
|
|
|
4,539
|
|
Iraq — 0.0% ^
|
||
|
Republic of Iraq 5.80%, 1/15/2028 (b)
|
933
|
925
|
|
Ivory Coast — 0.1%
|
||
|
Republic of Cote d'Ivoire
|
|
|
|
7.63%, 1/30/2033 (b)
|
820
|
858
|
|
6.13%, 6/15/2033 (b)
|
5,240
|
5,094
|
|
8.08%, 4/1/2036 (c)
|
1,383
|
1,470
|
|
8.25%, 1/30/2037 (c)
|
532
|
574
|
|
6.75%, 2/25/2041 (c)
|
1,346
|
1,266
|
|
|
|
9,262
|
|
Jordan — 0.1%
|
||
|
Hashemite Kingdom of Jordan
|
|
|
|
5.75%, 11/12/2032 (c)
|
3,075
|
2,991
|
|
7.38%, 10/10/2047 (b)
|
2,770
|
2,679
|
|
|
|
5,670
|
|
Kenya — 0.1%
|
||
|
Republic of Kenya
|
|
|
|
9.75%, 2/16/2031 (c)
|
1,646
|
1,746
|
|
7.88%, 10/9/2033 (c)
|
800
|
782
|
|
9.50%, 3/5/2036 (c)
|
2,316
|
2,389
|
|
8.80%, 10/9/2038 (c)
|
3,328
|
3,236
|
|
8.80%, 10/9/2038 (b)
|
1,100
|
1,069
|
|
8.70%, 2/26/2039 (b)
|
1,300
|
1,249
|
|
|
|
10,471
|
|
Kyrgyzstan — 0.0% ^
|
||
|
Kyrgyz Republic International Bond 7.75%, 6/3/2030 (c)
|
1,960
|
1,977
|
|
Lebanon — 0.1%
|
||
|
Lebanese Republic
|
|
|
|
6.65%, 4/22/2024 (b) (k)
|
6,465
|
1,729
|
|
6.60%, 11/27/2026 (b) (k)
|
6,004
|
1,606
|
|
6.85%, 3/23/2027 (b) (k)
|
10,414
|
2,836
|
|
6.65%, 11/3/2028 (b) (k)
|
4,239
|
1,146
|
|
6.65%, 2/26/2030 (b) (k)
|
5,340
|
1,458
|
|
|
|
8,775
|
|
Montenegro — 0.0% ^
|
||
|
Republic of Montenegro 7.25%, 3/12/2031 (b)
|
700
|
734
|
|
Nigeria — 0.1%
|
||
|
Federal Republic of Nigeria
|
|
|
|
9.63%, 6/9/2031 (b)
|
400
|
446
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Foreign Government Securities — continued
|
||
|
Nigeria—continued
|
||
|
7.38%, 9/28/2033 (b)
|
1,620
|
1,657
|
|
10.38%, 12/9/2034 (b)
|
1,300
|
1,549
|
|
8.63%, 1/13/2036 (b)
|
1,500
|
1,632
|
|
9.13%, 1/13/2046 (c)
|
2,490
|
2,754
|
|
7.63%, 11/28/2047 (b)
|
1,200
|
1,168
|
|
7.63%, 11/28/2047 (c)
|
1,290
|
1,256
|
|
8.25%, 9/28/2051 (b)
|
2,000
|
2,027
|
|
|
|
12,489
|
|
Pakistan — 0.1%
|
||
|
Islamic Republic of Pakistan
|
|
|
|
6.98%, 4/24/2029 (c)
|
1,000
|
985
|
|
7.38%, 4/8/2031 (c)
|
554
|
543
|
|
7.38%, 4/8/2031 (b)
|
1,350
|
1,323
|
|
8.88%, 4/8/2051 (b)
|
4,797
|
4,716
|
|
Pakistan Water & Power Development Authority 7.50%, 6/4/2031 (b)
|
634
|
613
|
|
|
|
8,180
|
|
Paraguay — 0.0% ^
|
||
|
Republic of Paraguay
|
|
|
|
6.10%, 8/11/2044 (b)
|
1,000
|
983
|
|
5.40%, 3/30/2050 (b)
|
1,700
|
1,493
|
|
6.65%, 3/4/2055 (c)
|
1,541
|
1,578
|
|
|
|
4,054
|
|
Rwanda — 0.0% ^
|
||
|
Republic of Rwanda 5.50%, 8/9/2031 (b)
|
1,000
|
962
|
|
Senegal — 0.0% ^
|
||
|
Republic of Senegal 7.75%, 6/10/2031 (b)
|
1,310
|
704
|
|
South Africa — 0.2%
|
||
|
Republic of South Africa
|
|
|
|
7.10%, 11/19/2036 (b)
|
3,600
|
3,765
|
|
6.13%, 12/11/2037 (c)
|
515
|
492
|
|
5.00%, 10/12/2046
|
700
|
527
|
|
6.30%, 6/22/2048
|
2,700
|
2,377
|
|
5.75%, 9/30/2049
|
2,170
|
1,761
|
|
7.30%, 4/20/2052
|
600
|
581
|
|
7.95%, 11/19/2054 (c)
|
2,514
|
2,607
|
|
7.25%, 12/11/2055 (c)
|
1,034
|
986
|
|
|
|
13,096
|
|
Sri Lanka — 0.1%
|
||
|
Democratic Socialist Republic of Sri Lanka
|
|
|
|
4.00%, 4/15/2028 (c)
|
898
|
862
|
|
3.35%, 3/15/2033 (c) (i)
|
1,366
|
1,293
|
|
3.60%, 6/15/2035 (c) (i)
|
1,800
|
1,480
|
|
3.60%, 6/15/2035 (b) (i)
|
2,100
|
1,727
|
|
|
|
5,362
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Foreign Government Securities — continued
|
||
|
Suriname — 0.0% ^
|
||
|
Suriname Government International Bond
|
|
|
|
7.70%, 11/6/2030 (c)
|
1,975
|
2,027
|
|
8.50%, 11/6/2035 (c)
|
2,000
|
2,154
|
|
|
|
4,181
|
|
Turkey — 0.1%
|
||
|
Istanbul Metropolitan Municipality 10.50%, 12/6/2028 (c)
|
3,146
|
3,375
|
|
Republic of Turkiye (The)
|
|
|
|
9.38%, 1/19/2033
|
1,618
|
1,805
|
|
7.63%, 5/15/2034
|
1,300
|
1,334
|
|
6.00%, 1/14/2041
|
1,040
|
887
|
|
5.75%, 5/11/2047
|
620
|
479
|
|
|
|
7,880
|
|
Ukraine — 0.2%
|
||
|
Ukraine Government Bond
|
|
|
|
4.50%, 2/1/2029 (b) (i)
|
1,945
|
1,648
|
|
4.00%, 2/1/2032 (c) (i)
|
2,961
|
2,454
|
|
0.00%, 2/1/2034 (c) (i)
|
2,700
|
1,536
|
|
4.50%, 2/1/2034 (b) (i)
|
4,530
|
3,164
|
|
0.00%, 2/1/2035 (b) (i)
|
5,570
|
3,335
|
|
4.50%, 2/1/2035 (c) (i)
|
2,450
|
1,680
|
|
0.00%, 2/1/2036 (b) (i)
|
8,340
|
4,973
|
|
4.50%, 2/1/2036 (b) (i)
|
3,385
|
2,307
|
|
|
|
21,097
|
|
Venezuela, Bolivarian Republic of — 0.2%
|
||
|
Bolivarian Republic of Venezuela
|
|
|
|
8.25%, 10/13/2024 (b) (k)
|
7,050
|
3,250
|
|
7.65%, 4/21/2025 (b) (k)
|
8,430
|
3,800
|
|
11.75%, 10/21/2026 (b) (k)
|
6,920
|
3,801
|
|
9.25%, 5/7/2028 (b) (k)
|
700
|
341
|
|
11.95%, 8/5/2031 (b) (k)
|
3,660
|
2,003
|
|
|
|
13,195
|
|
Zambia — 0.0% ^
|
||
|
Republic of Zambia 5.75%, 6/30/2033 (c) (i)
|
867
|
846
|
|
Total Foreign Government Securities
(Cost $307,544)
|
|
328,392
|
|
Collateralized Mortgage Obligations — 3.4%
|
||
|
United States — 3.4%
|
||
|
Adjustable Rate Mortgage Trust
|
|
|
|
Series 2004-2, Class 6A1, 5.16%, 2/25/2035 (l)
|
2
|
2
|
|
Series 2005-2, Class 3A1, 6.48%, 6/25/2035 (l)
|
167
|
167
|
|
Alternative Loan Trust
|
|
|
|
Series 2004-28CB, Class 4A1, 5.00%, 1/25/2020
|
5
|
4
|
|
Series 2005-50CB, Class 4A1, 5.00%, 11/25/2020
|
2
|
2
|
|
Series 2005-85CB, Class 3A2, 5.25%, 2/25/2021
|
8
|
8
|
|
Series 2007-9T1, Class 3A1, 5.50%, 5/25/2022 ‡
|
5
|
2
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Series 2005-J6, Class 2A1, 5.50%, 7/25/2025
|
3
|
3
|
|
Series 2005-J1, Class 3A1, 6.50%, 8/25/2032
|
5
|
5
|
|
Series 2004-12CB, Class 2A1, 6.00%, 6/25/2034
|
12
|
12
|
|
Series 2004-28CB, Class 2A4, 5.75%, 1/25/2035
|
202
|
191
|
|
Series 2004-28CB, Class 6A1, 6.00%, 1/25/2035
|
264
|
245
|
|
Series 2004-32CB, Class 2A5, 5.50%, 2/25/2035
|
843
|
825
|
|
Series 2005-J2, Class 1A5, 4.34%, 4/25/2035 (l)
|
—
|
—
|
|
Series 2005-6CB, Class 1A4, 5.50%, 4/25/2035
|
1,512
|
1,261
|
|
Series 2005-6CB, Class 1A6, 5.50%, 4/25/2035
|
182
|
151
|
|
Series 2005-13CB, Class A4, 5.50%, 5/25/2035
|
602
|
507
|
|
Series 2005-21CB, Class A4, 5.25%, 6/25/2035
|
335
|
239
|
|
Series 2005-21CB, Class A17, 6.00%, 6/25/2035
|
1,490
|
1,120
|
|
Series 2005-20CB, Class 1A1, 5.50%, 7/25/2035
|
71
|
55
|
|
Series 2005-23CB, Class A15, 5.50%, 7/25/2035
|
759
|
594
|
|
Series 2005-64CB, Class 1A1, 5.50%, 12/25/2035
|
250
|
218
|
|
Series 2005-64CB, Class 1A15, 5.50%, 12/25/2035
|
634
|
552
|
|
Series 2005-J14, Class A3, 5.50%, 12/25/2035
|
188
|
107
|
|
Series 2005-J14, Class A7, 5.50%, 12/25/2035
|
995
|
564
|
|
Series 2005-J14, Class A8, 5.50%, 12/25/2035
|
831
|
471
|
|
Series 2005-86CB, Class A4, 5.50%, 2/25/2036
|
248
|
130
|
|
Series 2006-J1, Class 1A13, 5.50%, 2/25/2036
|
77
|
50
|
|
Series 2006-4CB, Class 2A5, 5.50%, 4/25/2036
|
409
|
296
|
|
Series 2006-14CB, Class A1, 6.00%, 6/25/2036
|
1,051
|
525
|
|
Series 2006-19CB, Class A15, 6.00%, 8/25/2036
|
374
|
194
|
|
Series 2006-25CB, Class A2, 6.00%, 10/25/2036
|
182
|
87
|
|
Series 2006-41CB, Class 2A13, 5.75%, 1/25/2037
|
2,049
|
882
|
|
Series 2007-8CB, Class A9, 6.00%, 5/25/2037
|
130
|
64
|
|
Series 2007-19, Class 1A8, 6.00%, 8/25/2037
|
131
|
61
|
|
American Home Mortgage Investment Trust Series 2007-2, Class 12A1, 4.38%, 3/25/2037 (l)
|
3,618
|
1,245
|
|
Angel Oak Mortgage Trust
|
|
|
|
Series 2019-5, Class B1, 3.96%, 10/25/2049 (c) (l)
|
6,250
|
5,775
|
|
Series 2019-6, Class B3, 5.99%, 11/25/2059 (c) (l)
|
1,333
|
1,159
|
|
Banc of America Alternative Loan Trust
|
|
|
|
Series 2006-4, Class 2A1, 6.00%, 3/25/2029
|
2
|
2
|
|
Series 2005-11, Class 4A5, 5.75%, 12/25/2035
|
207
|
180
|
|
Series 2006-4, Class 3CB4, 6.00%, 5/25/2046
|
274
|
250
|
|
Series 2006-4, Class 4CB1, 6.50%, 5/25/2046
|
480
|
443
|
|
Series 2006-5, Class CB7, 6.00%, 6/25/2046
|
171
|
148
|
|
Banc of America Funding Trust
|
|
|
|
Series 2007-4, Class 8A1, 5.50%, 11/25/2034
|
49
|
39
|
|
Series 2005-6, Class 1A2, 5.50%, 10/25/2035
|
867
|
695
|
|
Series 2005-7, Class 4A7, 6.00%, 11/25/2035
|
20
|
19
|
|
Series 2006-A, Class 1A1, 5.60%, 2/20/2036 (l)
|
194
|
185
|
|
Series 2006-2, Class 2A20, 5.75%, 3/25/2036
|
126
|
110
|
|
Series 2007-5, Class 4A1, 4.21%, 7/25/2037 (l)
|
1,649
|
1,158
|
|
Banc of America Mortgage Trust
|
|
|
|
Series 2004-A, Class 2A2, 5.25%, 2/25/2034 (l)
|
137
|
135
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Series 2007-3, Class 1A1, 6.00%, 9/25/2037
|
75
|
61
|
|
Bear Stearns ALT-A Trust Series 2006-8, Class 3A1, 4.16%, 2/25/2034 (l)
|
83
|
79
|
|
Bear Stearns Asset-Backed Securities I Trust Series 2004-AC5, Class M1, 4.84%, 10/25/2034 (l)
|
158
|
143
|
|
BRAVO Residential Funding Trust Series 2023-NQM5, Class B1, 7.26%, 6/25/2063 (c) (l)
|
1,263
|
1,258
|
|
Chase Mortgage Finance Trust
|
|
|
|
Series 2006-S3, Class 1A2, 6.00%, 11/25/2036
|
1,040
|
397
|
|
Series 2006-S4, Class A5, 6.00%, 12/25/2036
|
812
|
303
|
|
Series 2007-S2, Class 1A8, 6.00%, 3/25/2037
|
174
|
83
|
|
CHL Mortgage Pass-Through Trust
|
|
|
|
Series 2005-20, Class A7, 5.25%, 12/25/2027
|
62
|
34
|
|
Series 2004-25, Class 2A1, 4.52%, 2/25/2035 (l)
|
1,308
|
1,210
|
|
Series 2005-26, Class 1A11, 5.50%, 11/25/2035
|
888
|
501
|
|
Series 2005-31, Class 2A1, 4.34%, 1/25/2036 (l)
|
404
|
376
|
|
Series 2005-30, Class A5, 5.50%, 1/25/2036
|
98
|
55
|
|
Series 2006-HYB1, Class 2A2C, 4.45%, 3/20/2036 (l)
|
922
|
885
|
|
Series 2006-HYB2, Class 2A1B, 4.42%, 4/20/2036 (l)
|
320
|
300
|
|
Series 2006-J2, Class 1A1, 6.00%, 4/25/2036
|
61
|
26
|
|
Series 2006-10, Class 1A16, 6.00%, 5/25/2036
|
941
|
348
|
|
Series 2006-17, Class A2, 6.00%, 12/25/2036
|
280
|
119
|
|
Series 2006-18, Class 2A4, 6.00%, 12/25/2036
|
1,586
|
783
|
|
Series 2007-2, Class A2, 6.00%, 3/25/2037
|
94
|
36
|
|
Series 2007-3, Class A18, 6.00%, 4/25/2037
|
769
|
330
|
|
Series 2007-10, Class A4, 5.50%, 7/25/2037
|
98
|
37
|
|
Series 2007-13, Class A4, 6.00%, 8/25/2037
|
206
|
89
|
|
Series 2007-16, Class A1, 6.50%, 10/25/2037
|
1,807
|
709
|
|
Series 2007-18, Class 2A1, 6.50%, 11/25/2037
|
413
|
118
|
|
Series 2006-OA5, Class 2A1, 4.24%, 4/25/2046 (l)
|
1,305
|
1,172
|
|
Citi Asset Receivables Trust
|
|
|
|
Series 2025-6, Class CERT, 0.00%, 9/20/2031 ‡ (c)
|
29
|
27
|
|
Series 2025-7, Class CERT, 0.00%, 10/20/2031 ‡ (c)
|
48
|
46
|
|
Citi Asset Receivables Trust I
|
|
|
|
Series 2025-3, Class CERT, 0.00%, 6/20/2031 ‡ (c)
|
80
|
78
|
|
Series 2025-4, Class CERT, 0.00%, 7/20/2031 ‡ (c) (k)
|
25
|
24
|
|
Series 2025-5, Class CERT, 0.00%, 8/20/2031 ‡ (c) (k)
|
38
|
36
|
|
Series 2025-8, Class CERT, 0.00%, 11/20/2031 ‡ (c)
|
62
|
59
|
|
Series 2025-9, Class CERT, 0.00%, 12/20/2031 ‡ (c)
|
75
|
72
|
|
Series 2025-10, Class CERT, 0.00%, 1/20/2032 ‡ (c)
|
81
|
78
|
|
Series 2026-1, Class CERT, 0.00%, 2/20/2032 ‡ (c)
|
102
|
99
|
|
Series 2026-2, Class CERT, 0.00%, 3/20/2032 ‡ (c)
|
92
|
87
|
|
Series 2026-3, Class CERT, 0.00%, 4/20/2032 ‡ (c)
|
206
|
199
|
|
Series 2026-4, Class CERT, 0.00%, 5/20/2032 ‡ (c)
|
414
|
408
|
|
Series 2026-5, Class CERT, 0.00%, 6/20/2032 ‡ (c)
|
1,861
|
1,881
|
|
Series 2026-6, Class CERT, 0.00%, 7/20/2032 ‡ (c)
|
2,389
|
2,485
|
|
Series 2026-7, Class CERT, 0.00%, 8/20/2032 ‡ (c)
|
1,088
|
1,134
|
|
CITI Asset Receivables Trust I Series 2025-2, Class CERT, 0.00%, 5/20/2031 ‡ (c) (k)
|
68
|
64
|
|
Citicorp Mortgage Securities Trust Series 2007-4, Class 1A9, 6.00%, 5/25/2037
|
261
|
223
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Citigroup Mortgage Loan Trust
|
|
|
|
Series 2005-9, Class 2A2, 5.50%, 11/25/2035
|
57
|
40
|
|
Series 2006-AR3, Class 1A1A, 5.31%, 6/25/2036 (l)
|
704
|
666
|
|
Series 2006-AR5, Class 1A5A, 4.61%, 7/25/2036 (l)
|
237
|
237
|
|
Citigroup Mortgage Loan Trust, Inc.
|
|
|
|
Series 2005-6, Class A1, 5.75%, 9/25/2035 (l)
|
92
|
94
|
|
Series 2006-8, Class A3, 4.19%, 10/25/2035 (c) (l)
|
415
|
173
|
|
COLT Mortgage Loan Trust
|
|
|
|
Series 2021-3, Class B1, 3.06%, 9/27/2066 (c) (l)
|
2,500
|
1,808
|
|
Series 2021-5, Class B2, 4.26%, 11/26/2066 (c) (l)
|
2,247
|
1,839
|
|
Series 2022-1, Class B2, 4.15%, 12/27/2066 (c) (l)
|
2,581
|
2,238
|
|
Series 2023-4, Class A1, 7.16%, 10/25/2068 (c) (i)
|
2,151
|
2,153
|
|
Connecticut Avenue Securities Series 2025-R01, Class 1B1, 5.32%, 1/25/2045 (c) (l)
|
1,600
|
1,603
|
|
Connecticut Avenue Securities Trust
|
|
|
|
Series 2019-R06, Class 2B1, 7.48%, 9/25/2039 (c) (l)
|
3,317
|
3,330
|
|
Series 2019-R07, Class 1B1, 7.13%, 10/25/2039 (c) (l)
|
6,212
|
6,243
|
|
Series 2019-HRP1, Class B1, 12.98%, 11/25/2039 (c) (l)
|
3,518
|
3,604
|
|
Series 2020-R02, Class 2B1, 6.73%, 1/25/2040 (c) (l)
|
7,158
|
7,216
|
|
Series 2020-R01, Class 1B1, 6.98%, 1/25/2040 (c) (l)
|
1,000
|
1,009
|
|
Series 2021-R01, Class 1B1, 6.72%, 10/25/2041 (c) (l)
|
5,200
|
5,224
|
|
Series 2024-R02, Class 1M2, 5.42%, 2/25/2044 (c) (l)
|
7,000
|
7,056
|
|
CSFB Mortgage-Backed Pass-Through Certificates
|
|
|
|
Series 2005-10, Class 11A1, 5.50%, 11/25/2020
|
572
|
67
|
|
Series 2004-AR4, Class 2A1, 4.88%, 5/25/2034 (l)
|
72
|
70
|
|
Series 2004-AR4, Class 4A1, 5.63%, 5/25/2034 (l)
|
537
|
546
|
|
Series 2004-AR5, Class 6A1, 5.39%, 6/25/2034 (l)
|
92
|
91
|
|
Series 2004-4, Class 4A1, 5.50%, 8/25/2034
|
498
|
491
|
|
Series 2005-4, Class 2A5, 4.39%, 6/25/2035 (l)
|
1,663
|
1,040
|
|
Series 2005-10, Class 5A3, 5.50%, 11/25/2035
|
208
|
141
|
|
CSMC Mortgage-Backed Trust
|
|
|
|
Series 2006-8, Class 5A1, 5.19%, 10/25/2026 (l)
|
18
|
16
|
|
Series 2007-2, Class 3A13, 5.50%, 3/25/2037
|
304
|
131
|
|
Deephaven Residential Mortgage Trust
|
|
|
|
Series 2021-3, Class B2, 4.13%, 8/25/2066 (c) (l)
|
4,502
|
3,432
|
|
Series 2021-4, Class B1, 4.16%, 11/25/2066 (c) (l)
|
6,000
|
4,855
|
|
Series 2021-4, Class B2, 4.46%, 11/25/2066 (c) (l)
|
6,508
|
5,220
|
|
Series 2022-1, Class B1, 4.25%, 1/25/2067 (c) (l)
|
3,000
|
2,448
|
|
Series 2022-1, Class B2, 4.25%, 1/25/2067 (c) (l)
|
5,640
|
4,285
|
|
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2005-1, Class 2A1, 3.49%,
2/25/2020 (l)
|
8
|
8
|
|
DSLA Mortgage Loan Trust Series 2005-AR4, Class 2A1A, 4.30%, 8/19/2045 (l)
|
914
|
808
|
|
FHLMC Seasoned Credit Risk Transfer Trust Series 2017-3, Class A, IO, 0.00%, 7/25/2056 (l)
|
159,757
|
—
|
|
FHLMC STACR REMIC Trust
|
|
|
|
Series 2021-HQA1, Class B2, 8.62%, 8/25/2033 (c) (l)
|
3,150
|
3,752
|
|
Series 2021-DNA2, Class B2, 9.62%, 8/25/2033 (c) (l)
|
3,000
|
3,753
|
|
Series 2021-HQA2, Class B2, 9.07%, 12/25/2033 (c) (l)
|
1,200
|
1,453
|
|
Series 2021-DNA5, Class B2, 9.12%, 1/25/2034 (c) (l)
|
4,000
|
4,876
|
|
Series 2021-DNA6, Class B2, 11.12%, 10/25/2041 (c) (l)
|
400
|
406
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Series 2022-DNA2, Class M2, 7.37%, 2/25/2042 (c) (l)
|
10,000
|
10,150
|
|
Series 2023-HQA2, Class M2, 7.47%, 6/25/2043 (c) (l)
|
2,800
|
2,928
|
|
Series 2026-DNA2, Class B1, 5.72%, 3/25/2046 (c) (l)
|
1,550
|
1,572
|
|
Series 2020-DNA5, Class B2, 15.12%, 10/25/2050 (c) (l)
|
3,040
|
4,150
|
|
Series 2021-DNA1, Class B2, 8.37%, 1/25/2051 (c) (l)
|
3,800
|
4,262
|
|
FHLMC, REMIC
|
|
|
|
Series 5516, Class BZ, 5.50%, 3/25/2055
|
2,378
|
2,292
|
|
Series 5623, Class ZA, 5.50%, 2/25/2056
|
181
|
178
|
|
Series 5632, Class UZ, 5.50%, 2/25/2056
|
772
|
709
|
|
First Horizon Alternative Mortgage Securities Trust Series 2006-FA6, Class 3A1, 5.75%,
11/25/2021
|
5
|
—
|
|
FNMA, Connecticut Avenue Securities Series 2016-C06, Class 1B, 12.98%, 4/25/2029 (l)
|
1,473
|
1,499
|
|
FNMA, REMIC
|
|
|
|
Series 2025-98, Class UZ, 6.00%, 8/25/2054
|
404
|
401
|
|
Series 2025-106, Class UZ, 5.50%, 12/25/2055
|
400
|
388
|
|
Series 2026-11, Class SB, IF, 4.15%, 3/25/2056 (l)
|
449
|
381
|
|
GCAT Trust Series 2020-NQM1, Class B1, 3.64%, 1/25/2060 (c) (l)
|
3,000
|
2,673
|
|
GMACM Mortgage Loan Trust
|
|
|
|
Series 2004-AR2, Class 3A, 4.44%, 8/19/2034 (l)
|
128
|
117
|
|
Series 2005-AR1, Class 3A, 3.84%, 3/18/2035 (l)
|
31
|
29
|
|
GNMA
|
|
|
|
Series 2025-208, Class ZG, 4.50%, 12/20/2055
|
1,848
|
1,760
|
|
Series 2026-2, Class AZ, 4.50%, 1/20/2056
|
563
|
510
|
|
Series 2026-2, Class GZ, 4.50%, 1/20/2056
|
1,646
|
1,437
|
|
Series 2026-3, Class ZH, 5.50%, 1/20/2056
|
1,031
|
1,019
|
|
Series 2026-25, Class GP, 6.50%, 2/20/2056
|
12,721
|
12,695
|
|
Series 2026-51, Class SN, IF, IO, 2.05%, 3/20/2056 (l)
|
23,543
|
1,076
|
|
Series 2026-121, Class SD, IF, IO, 1.07%, 6/20/2056 (l)
|
6,643
|
476
|
|
Series 2025-H19, IO, 1.03%, 9/20/2075 (l)
|
3,272
|
284
|
|
Series 2026-H15, IO, 1.00%, 10/20/2075 (l)
|
9,225
|
709
|
|
Series 2026-H11, IO, 0.94%, 4/20/2076 (l)
|
6,198
|
563
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
Series 2025-PJ7, Class A1, 6.00%, 12/25/2055 (c) (l)
|
2,043
|
2,043
|
|
Series 2025-PJ9, Class A1, 6.00%, 3/25/2056 (c) (l)
|
4,447
|
4,448
|
|
GSMSC Pass-Through Trust Series 2008-2R, Class 2A1, 7.50%, 10/25/2036 (c) (l)
|
1,195
|
111
|
|
GSR Mortgage Loan Trust
|
|
|
|
Series 2004-15F, Class 1A2, 5.50%, 12/25/2034
|
106
|
79
|
|
Series 2005-1F, Class 2A3, 6.00%, 2/25/2035
|
116
|
78
|
|
Series 2005-AR3, Class 6A1, 4.02%, 5/25/2035 (l)
|
44
|
32
|
|
Series 2005-AR4, Class 3A5, 4.47%, 7/25/2035 (l)
|
707
|
364
|
|
Series 2005-6F, Class 3A18, 5.50%, 7/25/2035
|
355
|
330
|
|
Series 2005-AR7, Class 6A1, 4.09%, 11/25/2035 (l)
|
290
|
254
|
|
Series 2006-1F, Class 2A16, 6.00%, 2/25/2036
|
460
|
169
|
|
Series 2006-1F, Class 2A9, 6.00%, 2/25/2036
|
745
|
274
|
|
Series 2006-9F, Class 3A1, 6.25%, 10/25/2036
|
307
|
281
|
|
Series 2007-1F, Class 3A13, 6.00%, 1/25/2037
|
187
|
108
|
|
HarborView Mortgage Loan Trust Series 2005-11, Class 2A1A, 4.40%, 8/19/2045 (l)
|
80
|
77
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Impac CMB Trust
|
|
|
|
Series 2004-10, Class 2A, 4.48%, 3/25/2035 (l)
|
243
|
230
|
|
Series 2005-2, Class 1A2, 4.46%, 4/25/2035 (l)
|
127
|
126
|
|
Impac Secured Assets CMN Owner Trust Series 2003-2, Class A4, 3.75%, 8/25/2033
|
128
|
83
|
|
Impac Secured Assets Trust
|
|
|
|
Series 2007-3, Class A1B, 4.32%, 9/25/2037 (l)
|
1,150
|
1,009
|
|
Series 2007-3, Class A1C, 4.56%, 9/25/2037 (l)
|
1,927
|
1,698
|
|
IndyMac INDX Mortgage Loan Trust
|
|
|
|
Series 2005-AR3, Class 3A1, 3.52%, 4/25/2035 (l)
|
102
|
95
|
|
Series 2005-AR14, Class 2A1A, 4.44%, 7/25/2035 (l)
|
540
|
408
|
|
Series 2007-AR21, Class 6A1, 3.39%, 9/25/2037 (l)
|
3,428
|
1,991
|
|
JPMorgan Mortgage Trust
|
|
|
|
Series 2006-S3, Class 2A4, 5.50%, 8/25/2021
|
7
|
6
|
|
Series 2004-A6, Class 1A1, 3.44%, 12/25/2034 (l)
|
16
|
14
|
|
Series 2005-A3, Class 6A6, 5.13%, 6/25/2035 (l)
|
70
|
70
|
|
Series 2005-A6, Class 1A2, 5.42%, 9/25/2035 (l)
|
59
|
59
|
|
Series 2005-A8, Class 1A1, 4.70%, 11/25/2035 (l)
|
52
|
40
|
|
Series 2005-A8, Class 4A1, 4.72%, 11/25/2035 (l)
|
868
|
691
|
|
Series 2006-A7, Class 2A4, 4.38%, 1/25/2037 (l)
|
248
|
206
|
|
Series 2007-S1, Class 2A17, 4.17%, 3/25/2037 (l)
|
3,541
|
895
|
|
Legacy Mortgage Asset Trust
|
|
|
|
Series 2021-GS3, Class A2, 7.25%, 7/25/2061 (c) (i)
|
3,242
|
3,245
|
|
Series 2021-GS1, Class A2, 7.84%, 10/25/2066 (c) (i)
|
2,409
|
2,411
|
|
Lehman Mortgage Trust
|
|
|
|
Series 2005-2, Class 2A5, 5.50%, 12/25/2035
|
554
|
287
|
|
Series 2007-7, Class 5A7, 6.50%, 8/25/2037
|
6,386
|
2,430
|
|
LHOME Mortgage Trust Series 2024-RTL5, Class A1, 5.32%, 9/25/2039 (c) (i)
|
480
|
480
|
|
MASTR Alternative Loan Trust
|
|
|
|
Series 2004-12, Class 3A1, 6.00%, 12/25/2034
|
238
|
237
|
|
Series 2005-3, Class 1A1, 5.50%, 4/25/2035
|
48
|
44
|
|
Series 2005-5, Class 3A1, 5.75%, 8/25/2035
|
186
|
75
|
|
Series 2005-6, Class 1A2, 5.50%, 12/25/2035
|
331
|
204
|
|
Merrill Lynch Mortgage Investors Trust
|
|
|
|
Series 2005-1, Class 2A2, 4.60%, 4/25/2035 (l)
|
72
|
66
|
|
Series 2006-1, Class 2A1, 5.09%, 2/25/2036 (l)
|
308
|
302
|
|
Series 2006-AF2, Class AF2, 6.25%, 10/25/2036
|
144
|
48
|
|
Metlife Securitization Trust Series 2017-1A, Class A, 3.00%, 4/25/2055 (c) (l)
|
1,086
|
1,034
|
|
Morgan Stanley Mortgage Loan Trust
|
|
|
|
Series 2006-2, Class 1A, 5.25%, 2/25/2021
|
189
|
169
|
|
Series 2004-9, Class 1A, 5.33%, 11/25/2034 (l)
|
226
|
221
|
|
Series 2005-4, Class 1A, 5.00%, 8/25/2035
|
9
|
8
|
|
New Residential Mortgage Loan Trust
|
|
|
|
Series 2024-RTL1, Class A1, 6.66%, 3/25/2039 (c) (i)
|
2,779
|
2,782
|
|
Series 2019-NQM4, Class B1, 3.74%, 9/25/2059 (c) (l)
|
2,500
|
2,194
|
|
Series 2019-NQM4, Class B2, 5.06%, 9/25/2059 (c) (l)
|
4,000
|
3,668
|
|
Series 2025-NQM5, Class A1, 5.11%, 8/25/2065 (c) (l)
|
2,433
|
2,404
|
|
Series 2026-NQM5, Class A1, 5.18%, 4/25/2066 (c) (l)
|
754
|
747
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Series 2026-NQM6, Class A1, 5.29%, 5/25/2066 (c) (l)
|
3,041
|
3,019
|
|
Nomura Asset Acceptance Corp. Alternative Loan Trust Series 2005-WF1, Class 2A5, 5.66%,
3/25/2035 (i)
|
1
|
1
|
|
NRM FHT1 Excess Owner LLC Series 2025-FHT1, Class A, 6.55%, 3/25/2032 (c) (i)
|
702
|
698
|
|
OBX Trust
|
|
|
|
Series 2026-INV3, Class A1, 6.00%, 4/25/2056 (c) (l)
|
1,484
|
1,493
|
|
Series 2026-INV4, Class A1, 6.00%, 5/25/2056 (c) (l)
|
3,058
|
3,069
|
|
Series 2026-INV5, Class A1, 6.00%, 8/25/2056 (c) (l)
|
825
|
829
|
|
Series 2024-NQM4, Class A3, 6.32%, 1/25/2064 (c) (i)
|
2,531
|
2,534
|
|
Series 2026-NQM2, Class A1A, 4.82%, 12/1/2065 (c) (i)
|
977
|
963
|
|
Series 2026-NQM2, Class A1B, 4.82%, 12/1/2065 (c) (i)
|
197
|
194
|
|
Series 2026-NQM7, Class A1, 5.22%, 4/25/2066 (c) (l)
|
3,036
|
3,018
|
|
Series 2026-NQM6, Class A1A, 5.06%, 4/26/2066 (c) (i)
|
2,989
|
2,968
|
|
PMT Loan Trust
|
|
|
|
Series 2025-J1, Class A1, 6.00%, 4/25/2055 (c) (l)
|
856
|
855
|
|
Series 2025-INV5, Class A2, 6.00%, 5/25/2056 (c) (l)
|
647
|
652
|
|
Series 2025-INV6, Class A2, 6.00%, 6/25/2056 (c) (l)
|
146
|
146
|
|
Series 2025-INV10, Class A2, 5.50%, 10/1/2056 (c) (l)
|
3,790
|
3,739
|
|
Series 2026-INV2, Class A2, 5.50%, 1/25/2057 (c) (l)
|
954
|
937
|
|
Series 2026-INV3, Class A1, 6.00%, 2/25/2057 (c) (l)
|
2,916
|
2,943
|
|
Series 2026-CNF3, Class A1, 5.50%, 4/25/2057 (c) (l)
|
9,056
|
8,896
|
|
Series 2026-INV6, Class A1, 6.00%, 6/25/2057 (c) (l)
|
1,018
|
1,027
|
|
Series 2026-INV7, Class A1, 6.00%, 7/25/2057 ‡ (c) (l)
|
3,100
|
3,134
|
|
Provident Funding Mortgage Trust Series 2025-3, Class A1, 6.00%, 8/25/2055 (c) (l)
|
4,548
|
4,541
|
|
PRPM LLC Series 2024-8, Class A2, 8.84%, 12/25/2029 (c) (i)
|
1,501
|
1,501
|
|
RALI Trust
|
|
|
|
Series 2005-QA5, Class A2, 4.52%, 4/25/2035 (l)
|
460
|
424
|
|
Series 2005-QS17, Class A3, 6.00%, 12/25/2035
|
350
|
303
|
|
Series 2006-QS3, Class 1A10, 6.00%, 3/25/2036
|
589
|
527
|
|
Series 2006-QS4, Class A2, 6.00%, 4/25/2036
|
725
|
584
|
|
Series 2006-QS17, Class A5, 6.00%, 12/25/2036
|
1,135
|
944
|
|
Residential Asset Securitization Trust
|
|
|
|
Series 2005-A8CB, Class A11, 6.00%, 7/25/2035
|
1,223
|
617
|
|
Series 2005-A14, Class A1, 5.50%, 12/25/2035
|
122
|
48
|
|
Series 2006-A8, Class 3A1, 6.00%, 8/25/2036
|
2,557
|
961
|
|
RFMSI Trust
|
|
|
|
Series 2005-S7, Class A6, 5.50%, 11/25/2035
|
36
|
28
|
|
Series 2006-S10, Class 1A1, 6.00%, 10/25/2036
|
830
|
666
|
|
Series 2006-SA4, Class 2A1, 5.40%, 11/25/2036 (l)
|
570
|
484
|
|
Santander Mortgage Asset Receivable Trust
|
|
|
|
Series 2026-NQMS1, Class A1A, 5.59%, 10/25/2065 (c) (i)
|
620
|
618
|
|
Series 2026-NQM4, Class A1A, 5.49%, 5/25/2066 (c) (i)
|
1,581
|
1,574
|
|
Sequoia Mortgage Trust Series 2007-3, Class 1A1, 4.18%, 7/20/2036 (l)
|
152
|
129
|
|
Starwood Mortgage Residential Trust
|
|
|
|
Series 2020-1, Class B1, 3.73%, 2/25/2050 (c) (l)
|
5,410
|
4,648
|
|
Series 2020-INV1, Class B2, 4.26%, 11/25/2055 (c)
|
1,600
|
1,362
|
|
Structured Adjustable Rate Mortgage Loan Trust Series 2005-1, Class 1A1, 4.09%, 2/25/2035 (l)
|
149
|
142
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Collateralized Mortgage Obligations — continued
|
||
|
United States — continued
|
||
|
Structured Asset Mortgage Investments II Trust
|
|
|
|
Series 2005-AR3, Class 1A1, 4.38%, 8/25/2035 (l)
|
1,323
|
1,274
|
|
Series 2007-AR7, Class 1A1, 5.54%, 5/25/2047 (l)
|
2,443
|
2,006
|
|
Verus Securitization Trust
|
|
|
|
Series 2021-R1, Class B1, 3.20%, 10/25/2063 (c) (l)
|
2,000
|
1,789
|
|
Series 2021-R1, Class B2, 4.20%, 10/25/2063 (c) (l)
|
1,322
|
1,153
|
|
Series 2021-R3, Class B1, 3.07%, 4/25/2064 (c) (l)
|
2,500
|
2,209
|
|
Series 2021-R3, Class B2, 4.07%, 4/25/2064 (c) (l)
|
1,776
|
1,444
|
|
Series 2021-5, Class B1, 3.04%, 9/25/2066 (c) (l)
|
3,826
|
2,725
|
|
Series 2021-5, Class B2, 3.94%, 9/25/2066 (c) (l)
|
3,750
|
2,803
|
|
Series 2023-6, Class B1, 7.75%, 9/25/2068 (c) (l)
|
3,500
|
3,496
|
|
WaMu Mortgage Pass-Through Certificates Trust
|
|
|
|
Series 2004-AR11, Class A, 5.83%, 10/25/2034 (l)
|
209
|
195
|
|
Series 2005-AR5, Class A6, 4.87%, 5/25/2035 (l)
|
642
|
635
|
|
Series 2005-AR16, Class 1A1, 4.38%, 12/25/2035 (l)
|
218
|
206
|
|
Series 2005-AR14, Class 1A3, 4.63%, 12/25/2035 (l)
|
556
|
527
|
|
Series 2005-AR14, Class 1A4, 4.63%, 12/25/2035 (l)
|
371
|
351
|
|
Series 2005-AR18, Class 1A3A, 4.62%, 1/25/2036 (l)
|
23
|
22
|
|
Series 2006-AR2, Class 1A1, 4.26%, 3/25/2036 (l)
|
108
|
99
|
|
Series 2004-AR10, Class A1B, 4.68%, 7/25/2044 (l)
|
273
|
264
|
|
Series 2005-AR15, Class A1A1, 4.36%, 11/25/2045 (l)
|
18
|
17
|
|
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust
|
|
|
|
Series 2005-1, Class 1A3, 5.50%, 3/25/2035
|
277
|
266
|
|
Series 2005-4, Class CB7, 5.50%, 6/25/2035
|
209
|
191
|
|
Series 2005-10, Class 2A5, 5.75%, 11/25/2035
|
1,273
|
1,220
|
|
Series 2005-10, Class 4CB1, 5.75%, 12/25/2035
|
351
|
339
|
|
Series 2006-5, Class 2CB5, 6.50%, 7/25/2036
|
120
|
88
|
|
Series 2007-1, Class 1A7, 4.44%, 2/25/2037 (l)
|
2,109
|
1,642
|
|
Wells Fargo Mortgage-Backed Securities Trust
|
|
|
|
Series 2006-AR19, Class A3, 6.29%, 12/25/2036 (l)
|
57
|
53
|
|
Series 2007-15, Class A1, 6.00%, 11/25/2037
|
45
|
44
|
|
Total Collateralized Mortgage Obligations
(Cost $331,084)
|
|
297,868
|
|
Loan Assignments — 2.8% (o)
|
||
|
Canada — 0.0% ^
|
||
|
1011778 BC ULC, 1st Lien Term Loan B-5 (1-MONTH CME TERM SOFR + 1.75%), 5.39%, 9/20/2030 (e)
|
374
|
374
|
|
Garda World Security Corp., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.51%,
2/1/2029 (e)
|
902
|
900
|
|
Knowlton Development Corp., Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.50%),
7.25%, 8/15/2028 (e)
|
556
|
558
|
|
NorthRiver Midstream Finance LP, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.25%),
5.98%, 8/16/2030 (e)
|
606
|
607
|
|
St. George's University Scholastic Services LLC, 1st Lien Term Loan (1-MONTH CME TERM
SOFR + 2.75%), 6.48%,
2/12/2029 (e)
|
483
|
479
|
|
|
|
2,918
|
|
Cayman Islands — 0.0% ^
|
||
|
Stonepeak Motion Finco LLC, 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 2.50%),
6.34%, 6/24/2033 (e) (p)
|
3,955
|
3,955
|
|
France — 0.0% ^
|
||
|
Altice France SA, 1st Lien Term Loan B-14 (3-MONTH CME TERM SOFR + 6.88%), 10.62%,
5/30/2031 (e)
|
152
|
154
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
Germany — 0.0% ^
|
||
|
TK Elevator Midco GmbH, 1st Lien Term Loan B-1 (6-MONTH CME TERM SOFR + 2.75%), 6.70%,
4/30/2030 (e)
|
519
|
521
|
|
Luxembourg — 0.1%
|
||
|
INEOS US Finance LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 6.89%, 2/18/2030 (e)
|
5,013
|
4,741
|
|
United Kingdom — 0.1%
|
||
|
Connect Finco SARL, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 4.50%), 8.23%, 9/13/2029 (e)
|
297
|
298
|
|
Crown Finance US, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 4.50%), 8.17%,
12/2/2031 (e)
|
4,723
|
4,737
|
|
|
|
5,035
|
|
United States — 2.6%
|
||
|
1261229 BC Ltd., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 6.25%), 9.89%, 10/8/2030 (e)
|
8,060
|
7,811
|
|
AAdvantage Loyalty IP Ltd., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 5.98%,
4/20/2028 (e)
|
2,503
|
2,502
|
|
Acuren Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%), 6.23%,
7/30/2031 (e)
|
471
|
472
|
|
Adient US LLC, 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 2.00%), 5.73%, 1/31/2031 (e)
|
2,575
|
2,574
|
|
Ahead DB Holdings LLC, 1st Lien Term Loan B-3 (3-MONTH CME TERM SOFR + 2.50%), 6.23%,
2/3/2031 (e)
|
5,595
|
5,541
|
|
AHP Health Partners, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
9/20/2032 (e)
|
517
|
518
|
|
Alliant Holdings Intermediate LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%),
6.14%, 9/19/2031 (e)
|
313
|
312
|
|
Allied Universal Holdco LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 6.98%,
8/20/2032 (e)
|
996
|
999
|
|
Altafiber Virginia LLC, 1st Lien Term Loan B-5 (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
11/23/2028 (e)
|
336
|
335
|
|
Altar Bidco, Inc., 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 3.35%), 6.86%, 2/1/2029 (e)
|
3,023
|
3,026
|
|
Altar Bidco, Inc., 2nd Lien Term Loan (12-MONTH CME TERM SOFR + 5.60%), 9.11%, 2/1/2030 (e)
|
219
|
211
|
|
American Axle & Manufacturing, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR +
3.00%), 6.68%, 12/13/2029 (e)
|
727
|
727
|
|
APi Group DE, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.48%, 5/16/2033 (e)
|
639
|
640
|
|
Arches Buyer, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 7.08%, 12/6/2027 (e)
|
225
|
225
|
|
Asplundh Tree Expert LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.48%,
5/30/2033 (e)
|
613
|
612
|
|
Asurion LLC, 1st Lien Term Loan B-13 (3-MONTH CME TERM SOFR + 4.25%), 8.07%, 9/19/2030 (e)
|
2,208
|
2,152
|
|
Asurion LLC, 1st Lien Term Loan B-14 (3-MONTH CME TERM SOFR + 3.75%), 7.57%, 2/23/2033 (e) (p)
|
930
|
871
|
|
AthenaHealth Group, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 6.98%,
2/16/2032 (e)
|
784
|
778
|
|
AWS Claire's LLC, 1st Lien Term Loan 10.00%, 9/18/2030 ‡
|
144
|
144
|
|
Axalta Coating Systems US Holdings, Inc., 1st Lien Term Loan B-7 (3-MONTH CME TERM
SOFR + 1.75%), 5.48%,
12/20/2029 (e)
|
352
|
352
|
|
AZZ, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.48%, 5/14/2029 (e)
|
157
|
158
|
|
Bausch + Lomb Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.75%), 7.48%, 1/15/2031 (e)
|
502
|
503
|
|
BCP VI Summit Holdings LP, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.75%), 6.40%,
1/30/2032 (e)
|
610
|
612
|
|
BCPE Lightning Buyer, Inc., 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 3.25%),
6.96%, 7/25/2033 (e) (p)
|
834
|
833
|
|
BCPE Pequod Buyer, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.75%), 6.48%,
11/25/2031 (e)
|
3,966
|
3,885
|
|
Belron Finance 2019 LLC, 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 2.00%), 5.42%,
10/16/2031 (e)
|
2,068
|
2,064
|
|
BIFM CA Buyer, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%), 6.98%, 5/31/2028 (e)
|
250
|
251
|
|
Blackfin Pipeline LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.00%), 6.75%,
9/29/2032 (e)
|
547
|
548
|
|
Bleriot US Bidco, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 5.98%,
10/31/2030 (e)
|
313
|
313
|
|
Bond US Bidco 1, Inc., 1st Lien Term Loan B-1 (3-MONTH CME TERM SOFR + 3.50%), 7.24%,
6/29/2033 (e)
|
560
|
562
|
|
Boxer Parent Co., Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.42%,
7/30/2031 (e)
|
716
|
651
|
|
Buckeye Partners LP, 1st Lien Term Loan B-7 (1-MONTH CME TERM SOFR + 1.75%), 5.48%,
11/22/2032 (e)
|
483
|
484
|
|
Caesars Entertainment, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.25%),
5.98%, 2/6/2030 (e)
|
559
|
538
|
|
Caesars Entertainment, Inc., 1st Lien Term Loan B-1 (1-MONTH CME TERM SOFR + 2.25%),
5.98%, 2/6/2031 (e)
|
245
|
233
|
|
Calpine Construction Finance Co. LP, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%),
5.39%, 7/31/2030 (e)
|
562
|
562
|
|
Chariot Buyer LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.00%), 6.64%, 9/8/2032 (e)
|
631
|
631
|
|
Charlotte Buyer, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 4.50%), 8.15%,
6/30/2031 (e)
|
1,314
|
1,315
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
United States — continued
|
||
|
Charter Communications Operating LLC, 1st Lien Term Loan B-4 (3-MONTH CME TERM SOFR
+ 2.00%), 5.73%,
12/9/2030 (e)
|
1,316
|
1,269
|
|
Charter Communications Operating LLC, 1st Lien Term Loan B-5 (3-MONTH CME TERM SOFR
+ 2.25%), 5.98%,
12/15/2031 (e)
|
840
|
807
|
|
Chemours Co. LLC, 1st Lien Term Loan B-4 (12-MONTH CME TERM SOFR + 3.25%), 7.23%,
10/15/2032 (e)
|
498
|
496
|
|
Clarios Global LP, 1st Lien Term Loan
|
|
|
|
(1-MONTH CME TERM SOFR + 2.50%), 6.23%, 5/6/2030 (e)
|
345
|
346
|
|
(1-MONTH CME TERM SOFR + 2.50%), 6.23%, 1/28/2032 (e)
|
224
|
224
|
|
Clear Channel Outdoor Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR +
4.00%), 7.85%, 8/23/2028 (e)
|
1,483
|
1,484
|
|
Clydesdale Acquisition Holdings, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR
+ 3.25%), 6.98%, 4/1/2032 (e)
|
519
|
495
|
|
Coherent Corp., 1st Lien Term Loan B-3 (1-MONTH CME TERM SOFR + 1.75%), 5.48%, 7/2/2029 (e)
|
322
|
322
|
|
Colossus Acquireco LLC, 1st Lien Term Loan (1-DAY CME TERM SOFR + 1.75%), 5.38%, 7/30/2032 (e)
|
641
|
638
|
|
Conair Holdings LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.75%), 7.60%,
5/17/2028 (e)
|
4,470
|
3,831
|
|
Constellation Renewables LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.00%),
5.67%, 12/15/2027 (e)
|
363
|
363
|
|
CPI Holdco B LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.00%), 5.64%, 5/19/2031 (e)
|
477
|
476
|
|
CPPIB OVM Member US LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 5.98%,
8/20/2031 (e) (p)
|
816
|
816
|
|
Creative Artists Agency LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%), 6.23%,
10/1/2031 (e)
|
637
|
636
|
|
DaVita, Inc., 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 1.75%), 5.39%, 5/9/2031 (e)
|
605
|
605
|
|
Dayforce Bidco LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.00%), 6.82%, 2/4/2033 (e)
|
3,972
|
3,693
|
|
DexKo Global, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.50%), 8.32%, 10/6/2031 (e)
|
4,050
|
3,923
|
|
Dycom Industries, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 1.75%), 5.40%,
1/27/2033 (e)
|
325
|
325
|
|
Ecovyst Catalyst Technologies LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.00%),
5.73%, 6/12/2031 (e)
|
453
|
451
|
|
Elanco Animal Health, Inc., 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 1.75%),
5.43%, 10/29/2032 (e)
|
147
|
147
|
|
EMRLD Borrower LP, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 6.07%, 8/4/2031 (e) (p)
|
3,318
|
3,317
|
|
EMRLD Borrower LP, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.25%), 5.92%, 5/31/2030 (e)
|
905
|
905
|
|
Endo Finance Holdings LP, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.75%), 7.48%,
4/23/2031 (e)
|
591
|
591
|
|
Entegris, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 1.75%), 5.48%, 7/6/2029 (e)
|
81
|
81
|
|
Enviri Corp., 1st Lien Term Loan B-3 (1-MONTH CME TERM SOFR + 2.25%), 6.10%, 6/9/2028 (e)
|
535
|
534
|
|
EW Scripps Co. (The), 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 5.75%), 9.53%,
6/30/2028 (e)
|
548
|
547
|
|
EW Scripps Co. (The), 1st Lien Term Loan B-3 (1-MONTH CME TERM SOFR + 3.35%), 7.13%,
11/30/2029 (e)
|
230
|
220
|
|
FGI Operating Co. LLC, 1st Lien Term Loan 0.00%, 12/31/2026 ‡ (k) (l)
|
126
|
1
|
|
First Advantage Holdings LLC, 1st Lien Term Loan B-3 (3-MONTH CME TERM SOFR + 2.75%),
6.48%, 10/31/2031 (e)
|
3,322
|
3,314
|
|
First Student Bidco, Inc., 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 2.25%),
5.67%, 8/15/2030 (e)
|
5,834
|
5,836
|
|
Gates Global LLC, 1st Lien Term Loan B-4 (1-MONTH CME TERM SOFR + 1.75%), 5.48%, 11/16/2029 (e)
|
484
|
483
|
|
GB AIT Buyer, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.25%), 8.07%, 4/29/2033 (e)
|
1,451
|
1,448
|
|
Genesee & Wyoming, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 1.75%), 5.48%,
4/10/2031 (e)
|
692
|
690
|
|
Genesys Cloud Services, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%),
6.23%, 1/30/2032 (e)
|
3,185
|
3,065
|
|
Global Medical Response, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%),
6.92%, 10/1/2032 (e)
|
324
|
325
|
|
Go Daddy Operating Co. LLC, 1st Lien Term Loan B-8 (1-MONTH CME TERM SOFR + 1.75%),
5.48%, 11/9/2029 (e)
|
487
|
480
|
|
Goat Holdco LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.50%), 6.23%, 1/27/2032 (e)
|
452
|
452
|
|
Graham Packaging Co., Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
1/26/2033 (e)
|
1,673
|
1,673
|
|
Grant Thornton Advisors LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.75%), 6.48%,
6/2/2031 (e)
|
705
|
663
|
|
Gray Media, Inc., 1st Lien Term Loan D (1-MONTH CME TERM SOFR + 3.00%), 6.76%, 12/1/2028 (e)
|
361
|
362
|
|
Grifols International Services USA, Inc., 1st Lien Term Loan B (6-MONTH CME TERM SOFR
+ 2.50%), 6.19%, 4/14/2033 (e)
|
599
|
600
|
|
Guardian US Holdco LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.25%), 6.98%,
1/31/2030 (e)
|
538
|
531
|
|
Hertz Corp. (The), 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.50%), 7.58%, 6/30/2028 (e) (p)
|
6,175
|
3,381
|
|
Hertz Corp. (The), 1st Lien Term Loan C (3-MONTH CME TERM SOFR + 3.50%), 7.58%, 6/30/2028 (e) (p)
|
1,205
|
660
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
United States — continued
|
||
|
HUB International Ltd., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 5.98%,
6/20/2030 (e)
|
309
|
309
|
|
Icon Parent I, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.45%, 11/13/2031 (e)
|
5,163
|
4,823
|
|
iHeartCommunications, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 5.78%),
9.62%, 5/1/2029 (e)
|
7,954
|
7,360
|
|
Indy US Holdco LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.25%), 5.98%, 10/31/2030 (e)
|
370
|
362
|
|
Insulet Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.00%), 5.73%, 8/4/2031 (e)
|
677
|
679
|
|
Iridium Satellite LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
9/20/2030 (e)
|
229
|
229
|
|
Jazz Financing Lux SARL, 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
5/5/2028 (e)
|
353
|
354
|
|
Jetblue Airways Corp., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.75%), 8.43%,
8/27/2029 (e)
|
526
|
456
|
|
Karman Holdings, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.48%,
4/1/2032 (e)
|
464
|
465
|
|
KBR, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.00%), 5.73%, 1/17/2031 (e)
|
462
|
462
|
|
Level 3 Financing, Inc., 1st Lien Term Loan B-5 (1-MONTH CME TERM SOFR + 2.75%), 6.48%,
3/29/2032 (e)
|
425
|
426
|
|
LSF12 Crown US Commercial Bidco LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%),
6.24%, 12/2/2031 (e)
|
4,483
|
4,488
|
|
LSF12 Helix Parent LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.50%), 7.23%,
2/10/2033 (e)
|
1,647
|
1,627
|
|
Mauser Packaging Solutions Holding Co., 1st Lien Term Loan (1-MONTH CME TERM SOFR
+ 3.50%), 7.15%, 4/15/2030 (e)
|
2,303
|
2,284
|
|
MED ParentCo LP, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 3.00%), 6.64%, 4/15/2031 (e)
|
436
|
437
|
|
MH Sub I LLC, 1st Lien Term Loan
|
|
|
|
(1-MONTH CME TERM SOFR + 4.25%), 7.98%, 5/3/2028 (e)
|
211
|
204
|
|
(1-MONTH CME TERM SOFR + 4.25%), 7.89%, 12/31/2031 (e)
|
147
|
131
|
|
Mirion Technologies, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.00%), 5.73%,
6/4/2032 (e) (p)
|
557
|
558
|
|
MIS Acquisition LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.50%), 8.16%, 4/22/2031 (e)
|
2,769
|
2,547
|
|
Mister Car Wash Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.75%),
6.48%, 3/27/2031 (e)
|
309
|
309
|
|
MIWD Holdco II LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.75%), 6.48%, 3/28/2031 (e)
|
2,811
|
2,770
|
|
Modena Buyer LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.25%), 8.07%, 7/1/2031 (e)
|
459
|
424
|
|
Moran Foods LLC, 1st Lien Super Senior Delayed Draw Term Loan (15.83% (PIK)), 15.24%,
12/31/2028 ‡ (j) (l)
|
9,685
|
9,201
|
|
Moran Foods LLC, 1st Lien Term Loan
|
|
|
|
(3-MONTH CME TERM SOFR + 11.02% (PIK)), 14.77%, 12/29/2028 ‡ (e) (j)
|
25,247
|
5,375
|
|
(3-MONTH CME TERM SOFR + 11.02% (PIK)), 14.77%, 12/29/2028 ‡ (e) (j)
|
7,768
|
—
|
|
(3-MONTH CME TERM SOFR + 12.13% (PIK)), 15.88%, 1/2/2029 ‡ (e) (j)
|
3,284
|
3,120
|
|
Moran Foods LLC, 1st Lien Term Loan A (3-MONTH CME TERM SOFR + 6.13% (PIK)), 9.88%,
1/2/2029 ‡ (e) (j)
|
3,489
|
3,315
|
|
NCR Atleos LLC, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 3.00%), 6.67%, 4/16/2029 (e)
|
154
|
153
|
|
Neon Maple US Debt Mergersub, Inc., 1st Lien Term Loan B-1 (1-MONTH CME TERM SOFR
+ 2.50%), 6.23%,
11/17/2031 (e)
|
4,958
|
4,828
|
|
Neptune Bidco US, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 5.00%), 8.86%,
2/3/2033 (e)
|
265
|
263
|
|
Nexstar Media, Inc., 1st Lien Term Loan B-7 (1-MONTH CME TERM SOFR + 2.75%), 6.48%,
3/18/2033 (e)
|
479
|
478
|
|
Novelis, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 1.75%), 5.48%, 3/11/2032 (e)
|
262
|
261
|
|
NRG Energy, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.49%, 4/16/2031 (e)
|
574
|
574
|
|
Option Care Health, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.48%,
9/22/2032 (e)
|
584
|
585
|
|
Orion Advisor Solutions, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%),
6.41%, 9/24/2030 (e)
|
527
|
523
|
|
PAREXEL International Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%), 6.23%,
12/12/2031 (e)
|
1,842
|
1,845
|
|
Pelican Pipeline LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.48%, 3/25/2033 (e)
|
295
|
296
|
|
Petco Health & Wellness Co., Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.25%),
7.98%, 1/31/2031 (e)
|
3,314
|
3,304
|
|
PetSmart LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 4.00%), 7.72%, 8/18/2032 (e)
|
4,859
|
4,866
|
|
Prairie Acquiror LP, 1st Lien Term Loan B-5 (1-MONTH CME TERM SOFR + 3.25%), 6.89%,
8/1/2029 (e)
|
416
|
418
|
|
Pre-Paid Legal Services, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.25%),
6.98%, 12/7/2028 (e)
|
537
|
499
|
|
Prestige Brands, Inc., 1st Lien Delayed Draw Term Loan B (1-MONTH CME TERM SOFR +
2.00%), 5.67%, 6/13/2033 (e)
|
297
|
298
|
|
Prime Security Services Borrower LLC, 1st Lien Term Loan B-1 (1-MONTH CME TERM SOFR
+ 2.00%), 5.66%,
10/15/2030 (e)
|
806
|
804
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
United States — continued
|
||
|
Project Boost Purchaser LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.48%,
7/16/2031 (e)
|
701
|
686
|
|
Proofpoint, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.00%), 6.73%, 8/31/2028 (e)
|
642
|
631
|
|
Quikrete Holdings, Inc., 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
3/19/2029 (e)
|
478
|
479
|
|
Quikrete Holdings, Inc., 1st Lien Term Loan B-3 (1-MONTH CME TERM SOFR + 2.25%), 5.98%,
2/10/2032 (e)
|
4,663
|
4,665
|
|
QXO Building Products, Inc., 1st Lien Term Loan B
|
|
|
|
(1-MONTH CME TERM SOFR + 2.00%), 5.64%, 4/30/2032 (e)
|
1,067
|
1,065
|
|
(1-MONTH CME TERM SOFR + 2.00%), 5.73%, 7/1/2033 (e)
|
2,124
|
2,120
|
|
Radiology Partners, Inc., 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 4.50%), 8.23%,
6/30/2032 (e)
|
496
|
497
|
|
Raven Acquisition Holdings LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.00%),
6.73%, 11/19/2031 (e)
|
2,908
|
2,889
|
|
RealPage, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.00%), 6.99%, 4/24/2028 (e)
|
420
|
401
|
|
Resilience Parent LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.50%), 6.23%,
2/28/2033 (e)
|
298
|
298
|
|
Resonetics LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.58%, 6/18/2031 (e)
|
359
|
359
|
|
Rocket Software, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.75%), 7.39%,
11/28/2028 (e)
|
2,913
|
2,801
|
|
Sanmina Corp., 1st Lien Term Loan B-1 (1-MONTH CME TERM SOFR + 1.75%), 5.40%, 10/27/2032 (e)
|
3,109
|
3,112
|
|
SCIH Salt Holdings, Inc., 1st Lien Term Loan B (12-MONTH CME TERM SOFR + 3.00%), 6.97%,
7/30/2031 (e) (p)
|
1,895
|
1,883
|
|
Sedgwick Claims Management Services, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR
+ 2.50%), 6.23%,
7/31/2031 (e)
|
324
|
321
|
|
Shift4 Payments LLC, 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.00%), 5.73%, 7/6/2032 (e)
|
373
|
372
|
|
Six Flags Entertainment Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.00%),
5.73%, 5/1/2031 (e)
|
466
|
461
|
|
Skopima Consilio Parent LLC, 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.75%), 7.48%,
5/12/2028 (e)
|
430
|
375
|
|
SS&C Technologies, Inc., 1st Lien Term Loan B-8 (1-MONTH CME TERM SOFR + 2.00%), 5.73%,
5/9/2031 (e)
|
510
|
509
|
|
Staples, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 5.75%), 9.41%, 9/4/2029 (e)
|
948
|
881
|
|
Star Parent, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 4.00%), 7.73%, 9/27/2030 (e)
|
1,686
|
1,691
|
|
Station Casinos LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.00%), 5.73%,
3/14/2031 (e)
|
542
|
543
|
|
Surgery Center Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%),
6.23%, 12/19/2030 (e)
|
486
|
485
|
|
Talen Energy Supply LLC, 1st Lien Term Loan B (3-MONTH CME TERM SOFR + 2.00%), 5.82%,
11/25/2032 (e)
|
381
|
376
|
|
Terex Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 1.75%), 5.39%, 10/8/2031 (e)
|
667
|
667
|
|
Thoughtworks, Inc., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.75%), 6.60%, 3/24/2028 (e)
|
141
|
117
|
|
TKO Worldwide Holdings LLC, 1st Lien Term Loan B-7 (3-MONTH CME TERM SOFR + 1.75%),
5.41%, 11/21/2031 (e) (p)
|
602
|
601
|
|
Trans Union LLC, 1st Lien Term Loan B-9 (1-MONTH CME TERM SOFR + 1.75%), 5.58%, 6/24/2031 (e)
|
599
|
597
|
|
TransDigm, Inc., 1st Lien Term Loan J (1-MONTH CME TERM SOFR + 2.50%), 6.23%, 2/28/2031 (e)
|
438
|
438
|
|
TransDigm, Inc., 1st Lien Term Loan K (1-MONTH CME TERM SOFR + 2.25%), 5.98%, 3/22/2030 (e)
|
478
|
478
|
|
TransDigm, Inc., 1st Lien Term Loan M (1-MONTH CME TERM SOFR + 2.50%), 6.14%, 8/19/2032 (e)
|
5,479
|
5,486
|
|
Trident TPI Holdings, Inc., 1st Lien Term Loan B-7 (3-MONTH CME TERM SOFR + 3.75%),
7.48%, 9/15/2028 (e)
|
457
|
428
|
|
UKG, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.25%), 6.07%, 2/10/2031 (e)
|
831
|
797
|
|
US Renal Care, Inc., 1st Lien Term Loan C (1-MONTH CME TERM SOFR + 5.00%), 8.85%,
6/28/2028 (e)
|
3,099
|
3,034
|
|
USI, Inc., 1st Lien Term Loan D (3-MONTH CME TERM SOFR + 2.25%), 5.98%, 11/21/2029 (e)
|
316
|
315
|
|
Utz Quality Foods LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.50%), 6.14%,
1/29/2032 (e)
|
324
|
324
|
|
Varsity Brands, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%), 6.48%, 8/26/2031 (e)
|
6,154
|
6,153
|
|
Venator Materials LLC, 1st Lien Term Loan
|
|
|
|
(PRIME + 7.00% (PIK)), 13.75%, 10/12/2028 ‡ (e) (j)
|
320
|
27
|
|
(PRIME + 7.00% (PIK)), 13.75%, 10/12/2028 (e) (j)
|
151
|
121
|
|
Venator Materials LLC, 1st Lien Term Loan B (PRIME + 7.00% (PIK)), 13.75%, 10/12/2028 (e) (j)
|
152
|
121
|
|
Vertex Aerospace Services Corp., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.00%),
5.73%, 12/6/2030 (e)
|
261
|
260
|
|
Virtusa Corp., 1st Lien Term Loan B-2 (1-MONTH CME TERM SOFR + 3.25%), 6.98%, 2/15/2029 (e)
|
511
|
458
|
|
Vista Management Holding, Inc., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 3.75%),
7.48%, 4/1/2031 (e)
|
151
|
151
|
|
VSE Corp., 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.00%), 5.66%, 5/5/2033 (e)
|
526
|
528
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Loan Assignments — continued
|
||
|
United States — continued
|
||
|
VT Topco, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 3.00%), 6.64%, 8/9/2030 (e)
|
605
|
595
|
|
Wand NewCo 3, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.50%), 6.23%, 1/30/2031 (e)
|
684
|
686
|
|
Watlow Electric Manufacturing Co., 1st Lien Term Loan (3-MONTH CME TERM SOFR + 2.75%),
6.42%, 6/17/2033 (e)
|
398
|
399
|
|
WEC US Holdings, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.00%), 5.65%,
1/27/2031 (e)
|
1,201
|
1,200
|
|
Whatabrands LLC, 1st Lien Term Loan B (1-MONTH CME TERM SOFR + 2.50%), 6.23%, 8/3/2028 (e)
|
526
|
526
|
|
White Cap Supply Holdings LLC, 1st Lien Term Loan C (1-MONTH CME TERM SOFR + 3.25%),
6.98%, 10/19/2029 (e)
|
3,707
|
3,700
|
|
Whitewater Whistler Holdings LLC, 1st Lien Term Loan B-3 (3-MONTH CME TERM SOFR +
1.75%), 5.50%, 2/15/2030 (e)
|
538
|
537
|
|
Zekelman Industries, Inc., 1st Lien Term Loan (1-MONTH CME TERM SOFR + 2.25%), 5.90%,
1/24/2031 (e)
|
318
|
318
|
|
|
|
226,123
|
|
Total Loan Assignments
(Cost $253,968)
|
|
243,447
|
|
Asset-Backed Securities — 1.1%
|
||
|
Cayman Islands — 0.1%
|
||
|
AB BSL CLO Ltd. Series 2020-1A, Class BR2, 5.40%, 10/15/2038 (c) (l)
|
850
|
851
|
|
Ballyrock CLO Ltd. Series 2021-17A, Class A2R, 5.33%, 10/20/2038 (c) (l)
|
1,400
|
1,403
|
|
Barings CLO Ltd.
|
|
|
|
Series 2023-3A, Class D2R, 7.65%, 10/15/2038 (c) (l)
|
310
|
306
|
|
Series 2023-4A, Class D1R, 6.20%, 1/20/2039 (c) (l)
|
250
|
250
|
|
Series 2023-4A, Class D2R, 7.40%, 1/20/2039 (c) (l)
|
250
|
245
|
|
Carlyle Global Market Strategies CLO Ltd. Series 2016-1A, Class CR3, 6.93%, 4/20/2034 (c) (l)
|
899
|
902
|
|
Dryden CLO Ltd.
|
|
|
|
Series 2018-64A, Class A, 4.96%, 4/18/2031 (c) (l)
|
141
|
141
|
|
Series 2019-68A, Class BRR, 5.30%, 7/15/2035 (c) (l)
|
650
|
650
|
|
Galaxy CLO Ltd. Series 2023-32A, Class D1R, 6.68%, 1/20/2039 (c) (l)
|
575
|
579
|
|
GGAM Master Trust International Ltd. Series 2026-1A, Class A, 5.86%, 9/30/2060 ‡ (c)
|
400
|
397
|
|
Neuberger Berman Loan Advisers CLO Ltd. Series 2019-34A, Class BR2, 5.38%, 7/20/2039 (c) (l)
|
900
|
903
|
|
Octagon Ltd. Series 2022-1A, Class DR, 7.33%, 7/21/2037 (c) (l)
|
250
|
242
|
|
Symphony CLO Ltd.
|
|
|
|
Series 2018-19A, Class B, 5.40%, 4/16/2031 (c) (l)
|
798
|
799
|
|
Series 2021-29A, Class BR, 5.40%, 10/15/2035 (c) (l)
|
940
|
941
|
|
Voya CLO Ltd. Series 2022-1A, Class BR, 5.48%, 4/20/2035 (c) (l)
|
1,180
|
1,182
|
|
|
|
9,791
|
|
United States — 1.0%
|
||
|
ABFC Trust
|
|
|
|
Series 2003-OPT1, Class A1A, 4.66%, 4/25/2033 (l)
|
33
|
33
|
|
Series 2004-OPT3, Class M1, 4.59%, 9/25/2033 (l)
|
6
|
6
|
|
Series 2004-HE1, Class M1, 4.74%, 3/25/2034 (l)
|
264
|
270
|
|
Accredited Mortgage Loan Trust Series 2004-4, Class M1, 4.37%, 1/25/2035 (l)
|
191
|
181
|
|
ACE Securities Corp. Home Equity Loan Trust
|
|
|
|
Series 2003-FM1, Class M1, 5.13%, 11/25/2032 (l)
|
98
|
123
|
|
Series 2004-OP1, Class M2, 5.41%, 4/25/2034 (l)
|
286
|
244
|
|
ACHD Trust Series 2026-DS1, Class A, 5.67%, 7/10/2034 (c)
|
687
|
687
|
|
American Credit Acceptance Receivables Trust
|
|
|
|
Series 2022-4, Class E, 10.00%, 1/14/2030 (c)
|
495
|
496
|
|
Series 2023-2, Class E, 9.79%, 2/12/2030 (c)
|
900
|
921
|
|
Series 2023-4, Class D, 7.65%, 9/12/2030 (c)
|
1,400
|
1,426
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2024-4, Class D, 5.34%, 8/12/2031 (c)
|
446
|
448
|
|
Series 2025-2, Class D, 5.50%, 8/12/2031 (c)
|
1,100
|
1,107
|
|
Series 2023-3, Class E, 9.54%, 10/14/2031 (c)
|
900
|
932
|
|
Series 2024-2, Class E, 7.87%, 11/12/2031 (c)
|
525
|
540
|
|
Series 2024-3, Class E, 7.92%, 3/12/2032 (c)
|
560
|
579
|
|
Series 2025-3, Class C, 4.95%, 7/12/2032 (c)
|
940
|
941
|
|
Series 2025-3, Class D, 5.19%, 7/12/2032 (c)
|
940
|
936
|
|
Series 2025-1, Class E, 7.39%, 12/13/2032 (c)
|
550
|
567
|
|
Series 2025-2, Class E, 7.66%, 2/14/2033 (c)
|
500
|
518
|
|
Series 2026-3, Class D, 5.49%, 3/8/2033 (c)
|
800
|
799
|
|
Series 2025-3, Class E, 6.77%, 6/13/2033 (c)
|
1,030
|
1,043
|
|
Series 2026-2, Class E, 6.90%, 2/8/2034 (c)
|
1,100
|
1,097
|
|
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates Series
2002-AR1, Class M1, 3.07%,
9/25/2032 (l)
|
20
|
21
|
|
Asset-Backed Securities Corp. Home Equity Loan Trust Series 2004-HE7, Class M2, 5.41%,
10/25/2034 (l)
|
48
|
49
|
|
Avis Budget Rental Car Funding AESOP LLC Series 2024-1A, Class D, 7.20%, 6/20/2030 (c)
|
575
|
576
|
|
Bayview Opportunity Master Fund LLC Series 2024-CAR1, Class C, 5.12%, 12/26/2031 (c) (l)
|
62
|
63
|
|
Bear Stearns Asset-Backed Securities Trust
|
|
|
|
Series 2003-SD1, Class M1, 5.11%, 12/25/2033 (l)
|
231
|
285
|
|
Series 2004-SD4, Class A1, 4.74%, 8/25/2044 (l)
|
395
|
398
|
|
Bridgecrest Lending Auto Securitization Trust
|
|
|
|
Series 2024-3, Class D, 5.83%, 5/15/2030
|
1,480
|
1,492
|
|
Series 2025-2, Class D, 5.62%, 3/17/2031
|
510
|
514
|
|
Series 2025-4, Class D, 5.41%, 8/15/2031
|
900
|
898
|
|
Series 2026-3, Class D, 5.59%, 4/15/2032
|
130
|
130
|
|
Series 2025-2, Class E, 7.74%, 6/15/2032 (c)
|
1,106
|
1,130
|
|
Series 2026-2, Class E, 7.17%, 5/16/2033 (c)
|
1,000
|
996
|
|
Series 2026-3, Class E, 7.36%, 8/15/2033 (c)
|
900
|
900
|
|
Centex Home Equity Loan Trust
|
|
|
|
Series 2004-C, Class M2, 4.23%, 6/25/2034 (l)
|
237
|
232
|
|
Series 2004-D, Class MV2, 4.39%, 9/25/2034 (l)
|
1
|
1
|
|
Series 2004-D, Class MF2, 6.06%, 9/25/2034 (i)
|
120
|
122
|
|
Chase Funding Trust
|
|
|
|
Series 2003-5, Class 1M2, 5.64%, 9/25/2032 (l)
|
98
|
88
|
|
Series 2004-1, Class 1M1, 4.73%, 5/25/2033
|
841
|
788
|
|
Series 2003-4, Class 1A5, 4.93%, 5/25/2033 (i)
|
313
|
307
|
|
CHEC Loan Trust Series 2004-1, Class M1, 4.74%, 7/25/2034 (c) (l)
|
356
|
357
|
|
CITI Asset Receivables Trust I Series 2025-1, Class CERT, 0.00%, 3/15/2031 ‡ (c) (k)
|
136
|
131
|
|
Citigroup Mortgage Loan Trust, Inc. Series 2005-WF2, Class AF7, 5.75%, 8/25/2035 (i)
|
16
|
15
|
|
Credit Acceptance Auto Loan Trust
|
|
|
|
Series 2023-3A, Class B, 7.09%, 10/17/2033 (c)
|
253
|
254
|
|
Series 2024-1A, Class A, 5.68%, 3/15/2034 (c)
|
210
|
211
|
|
Series 2024-1A, Class B, 6.03%, 5/15/2034 (c)
|
320
|
322
|
|
Series 2024-1A, Class C, 6.71%, 7/17/2034 (c)
|
420
|
426
|
|
CWABS Asset-Backed Certificates Trust Series 2005-11, Class AF6, 5.05%, 2/25/2036 (l)
|
11
|
11
|
|
CWABS Asset-Backed Certificates Trust, Series 2004-BC4, Class M1, 4.89%, 11/25/2034 (l)
|
—
|
1
|
|
Drive Auto Receivables Trust Series 2025-2, Class D, 4.90%, 12/15/2032
|
1,050
|
1,038
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
United States — continued
|
||
|
DT Auto Owner Trust Series 2022-3A, Class E, 10.99%, 7/16/2029 (c)
|
1,000
|
1,038
|
|
Exeter Automobile Receivables Trust
|
|
|
|
Series 2025-3A, Class D, 5.57%, 10/15/2031
|
510
|
514
|
|
Series 2026-2A, Class D, 5.51%, 8/16/2032
|
570
|
569
|
|
Series 2025-3A, Class E, 7.52%, 12/15/2032 (c)
|
3,677
|
3,726
|
|
Series 2025-5A, Class E, 7.15%, 6/15/2033 (c)
|
1,867
|
1,863
|
|
FFMLT Trust Series 2004-FF3, Class M1, 4.66%, 5/25/2034 (l)
|
177
|
175
|
|
Finance America Mortgage Loan Trust Series 2004-3, Class M2, 4.78%, 11/25/2034 (l)
|
139
|
135
|
|
Fremont Home Loan Trust
|
|
|
|
Series 2002-1, Class M1, 5.09%, 8/25/2033 (l)
|
173
|
209
|
|
Series 2004-B, Class M2, 4.78%, 5/25/2034 (l)
|
176
|
187
|
|
Series 2004-C, Class M1, 4.81%, 8/25/2034 (l)
|
359
|
338
|
|
Series 2004-D, Class M2, 4.74%, 11/25/2034 (l)
|
138
|
128
|
|
GLS Auto Receivables Issuer Trust Series 2022-2A, Class E, 5.50%, 6/15/2029 (c)
|
1,250
|
1,252
|
|
GS Mortgage-Backed Securities Trust Series 2026-CES3, Class A1A, 5.36%, 9/25/2056 (c) (i)
|
1,835
|
1,825
|
|
GSAMP Trust
|
|
|
|
Series 2003-SEA, Class A1, 4.64%, 2/25/2033 (l)
|
26
|
31
|
|
Series 2003-HE1, Class M1, 5.03%, 6/20/2033 (l)
|
393
|
421
|
|
Hertz Vehicle Financing LLC
|
|
|
|
Series 2023-3A, Class A, 5.94%, 2/25/2028 (c)
|
420
|
422
|
|
Series 2023-2A, Class D, 9.40%, 9/25/2029 (c)
|
700
|
718
|
|
Series 2025-2A, Class D, 8.34%, 9/25/2031 (c)
|
250
|
250
|
|
Series 2025-4A, Class D, 9.34%, 12/25/2031 (c)
|
250
|
258
|
|
Series 2025-6A, Class D, 8.30%, 5/25/2032 (c)
|
250
|
248
|
|
Home Equity Mortgage Loan Asset-Backed Trust
|
|
|
|
Series 2004-B, Class M2, 4.40%, 11/25/2034 (l)
|
41
|
41
|
|
Series 2004-C, Class M2, 4.00%, 3/25/2035 (l)
|
636
|
558
|
|
Lendmark Funding Trust
|
|
|
|
Series 2021-2A, Class B, 2.37%, 4/20/2032 (c)
|
500
|
472
|
|
Series 2025-2A, Class A, 4.78%, 10/20/2034 (c)
|
950
|
945
|
|
Series 2025-2A, Class C, 5.28%, 10/20/2034 (c)
|
950
|
942
|
|
Series 2025-3A, Class C, 5.04%, 5/21/2035 (c)
|
515
|
501
|
|
Series 2025-3A, Class D, 5.64%, 5/21/2035 (c)
|
515
|
501
|
|
MASTR Asset-Backed Securities Trust Series 2005-NC1, Class M4, 4.98%, 12/25/2034 (l)
|
56
|
66
|
|
Merrill Lynch Mortgage Investors Trust
|
|
|
|
Series 2003-OPT1, Class M1, 4.81%, 7/25/2034 (l)
|
21
|
19
|
|
Series 2004-HE2, Class M1, 5.04%, 8/25/2035 (l)
|
23
|
23
|
|
Morgan Stanley ABS Capital I, Inc. Trust
|
|
|
|
Series 2003-NC10, Class M1, 4.86%, 10/25/2033 (l)
|
25
|
25
|
|
Series 2004-WMC2, Class M1, 4.75%, 7/25/2034 (l)
|
415
|
424
|
|
Series 2004-WMC2, Class M2, 5.64%, 7/25/2034 (l)
|
131
|
127
|
|
Series 2004-HE6, Class M2, 4.74%, 8/25/2034 (l)
|
241
|
241
|
|
Series 2004-HE6, Class M3, 4.81%, 8/25/2034 (l)
|
140
|
135
|
|
Series 2004-HE8, Class M2, 4.86%, 9/25/2034 (l)
|
84
|
95
|
|
Series 2004-NC8, Class M3, 4.95%, 9/25/2034 (l)
|
59
|
68
|
|
Series 2005-HE1, Class M2, 4.54%, 12/25/2034 (l)
|
174
|
174
|
|
Series 2005-NC1, Class M3, 4.60%, 1/25/2035 (l)
|
263
|
262
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Morgan Stanley Mortgage Loan Trust Series 2007-5AX, Class 2A2, 4.14%, 2/25/2037 (l)
|
2,590
|
450
|
|
NovaStar Mortgage Funding Trust Series 2003-2, Class M2, 6.61%, 9/25/2033 (l)
|
416
|
420
|
|
NRM FNT1 Excess LLC Series 2024-FNT1, Class A, 7.40%, 11/25/2031 (c) (i)
|
1,847
|
1,839
|
|
Oak Street Investment Grade Net Lease Fund
|
|
|
|
Series 2021-1A, Class A3, 2.80%, 1/20/2051 (c)
|
2,478
|
1,513
|
|
Series 2021-1A, Class B1, 4.23%, 1/20/2051 (c)
|
1,250
|
638
|
|
OneMain Financial Issuance Trust Series 2026-1A, Class D, 5.94%, 7/14/2039 (c)
|
580
|
578
|
|
Oportun Issuance Trust
|
|
|
|
Series 2026-A, Class B, 5.06%, 1/9/2034 (c)
|
575
|
571
|
|
Series 2026-A, Class C, 5.45%, 1/9/2034 (c)
|
575
|
572
|
|
Option One Mortgage Accept Corp. Asset-Backed Certificates Series 2003-5, Class A2,
4.48%, 8/25/2033 (l)
|
143
|
149
|
|
Option One Mortgage Loan Trust Series 2004-3, Class M2, 4.69%, 11/25/2034 (l)
|
231
|
247
|
|
Pagaya AI Debt Selection Trust Series 2021-3, Class C, 3.27%, 5/15/2029 (c)
|
85
|
85
|
|
PAR Issuer Trust
|
|
|
|
Series 2026-3A, Class CERT, 0.00%, 5/15/2034 (c)
|
1,050
|
1,038
|
|
Series 2026-3A, Class A, 5.89%, 5/15/2034 (c)
|
1,700
|
1,700
|
|
Planet Fitness Master Issuer LLC Series 2025-1A, Class A2II, 5.65%, 12/6/2055 (c)
|
514
|
501
|
|
PRET LLC
|
|
|
|
Series 2026-NPL6, Class A1, 5.69%, 5/25/2056 (c) (i)
|
3,042
|
3,034
|
|
Series 2026-RN2, Class A1, 5.77%, 7/25/2056 (c) (i)
|
1,490
|
1,487
|
|
PRET Trust Series 2026-RN1, Class A1, 5.67%, 6/25/2066 (c) (i)
|
1,902
|
1,899
|
|
Progress Residential Trust
|
|
|
|
Series 2021-SFR8, Class G, 4.01%, 10/17/2038 (c)
|
6,080
|
6,045
|
|
Series 2022-SFR3, Class D, 4.45%, 4/17/2039 (c)
|
1,250
|
1,238
|
|
RAMP Trust Series 2002-RS2, Class AI5, 4.48%, 3/25/2032 (l)
|
82
|
81
|
|
Renaissance Home Equity Loan Trust
|
|
|
|
Series 2002-3, Class M1, 5.34%, 12/25/2032 (l)
|
239
|
223
|
|
Series 2003-1, Class M1, 5.34%, 6/25/2033 (l)
|
100
|
89
|
|
Series 2003-4, Class M1, 5.11%, 3/25/2034 (l)
|
967
|
883
|
|
Series 2003-4, Class M2F, 6.24%, 3/25/2034 (i)
|
581
|
365
|
|
Republic Finance Issuance Trust
|
|
|
|
Series 2024-A, Class A, 5.91%, 8/20/2032 (c)
|
1,546
|
1,547
|
|
Series 2026-A, Class A, 4.82%, 6/20/2039 (c)
|
290
|
287
|
|
Series 2026-A, Class B, 5.15%, 6/20/2039 (c)
|
120
|
118
|
|
Series 2026-A, Class C, 5.46%, 6/20/2039 (c)
|
170
|
168
|
|
Santander Bank Auto Credit-Linked Notes Series 2026-A, Class E, 6.81%, 7/17/2034 (c)
|
250
|
249
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
Series 2025-3, Class D, 5.11%, 9/15/2031
|
950
|
949
|
|
Series 2024-4, Class D, 5.32%, 12/15/2031
|
574
|
575
|
|
Series 2025-4, Class D, 4.95%, 1/15/2032
|
510
|
504
|
|
SASCO Mortgage Loan Trust Series 2004-GEL3, Class M1, 4.23%, 8/25/2034 (l)
|
81
|
81
|
|
Saxon Asset Securities Trust Series 2004-2, Class MV2, 3.77%, 8/25/2035 (l)
|
84
|
100
|
|
SBA Small Business Investment Cos.
|
|
|
|
Series 2023-10A, Class 1, 5.17%, 3/10/2033
|
996
|
1,002
|
|
Series 2023-10B, Class 1, 5.69%, 9/10/2033
|
399
|
409
|
|
SCF Equipment Leasing LLC
|
|
|
|
Series 2025-2A, Class D, 5.33%, 6/20/2036 (c)
|
500
|
489
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Asset-Backed Securities — continued
|
||
|
United States — continued
|
||
|
Series 2025-2A, Class E, 6.21%, 6/20/2036 (c)
|
495
|
481
|
|
Securitized Asset-Backed Receivables LLC Trust Series 2005-OP1, Class M2, 4.51%, 1/25/2035 (l)
|
269
|
246
|
|
Stanwich Mortgage Loan Co. LLC Series 2021-NPB1, Class A2, 8.38%, 10/16/2026 (c) (i)
|
318
|
319
|
|
Stifel SBA IO Trust
|
|
|
|
Series 2025-1A, Class A2, IO, 1.51%, 1/15/2051 (c) (l)
|
6,127
|
280
|
|
Series 2025-3A, Class A2, IO, 1.90%, 10/25/2051 (c) (l)
|
3,605
|
210
|
|
Structured Asset Securities Corp. Pass-Through Certificates Series 2002-AL1, Class
A3, 3.45%, 2/25/2032
|
—
|
—
|
|
Upstart Pass-Through Trust
|
|
|
|
Series 2022-PT3, Class A, 20.59%, 4/20/2030 ‡ (c) (l)
|
110
|
109
|
|
Series 2022-PT4, Class A, 16.20%, 5/20/2030 ‡ (c) (l)
|
249
|
250
|
|
VCAT LLC Series 2026-NPL3, Class A1, 5.57%, 5/25/2056 (c) (i)
|
925
|
924
|
|
Wells Fargo Home Equity Asset-Backed Securities Trust
|
|
|
|
Series 2004-2, Class M8B, 5.00%, 10/25/2034 (c) (l)
|
290
|
271
|
|
Series 2004-2, Class M8A, 8.34%, 10/25/2034 (c) (l)
|
290
|
303
|
|
|
|
81,092
|
|
Total Asset-Backed Securities
(Cost $93,682)
|
|
90,883
|
|
U.S. Treasury Obligations — 1.0%
|
||
|
United States — 1.0%
|
||
|
U.S. Treasury Notes
|
|
|
|
4.13%, 1/31/2027 (q)
|
62,206
|
62,249
|
|
3.38%, 9/15/2027
|
515
|
510
|
|
4.13%, 10/31/2027
|
250
|
250
|
|
3.50%, 2/15/2029
|
200
|
196
|
|
4.00%, 4/30/2032
|
11,330
|
11,055
|
|
4.13%, 4/30/2033
|
11,340
|
11,059
|
|
Total U.S. Treasury Obligations
(Cost $85,611)
|
|
85,319
|
|
|
SHARES
(000)
|
|
|
Preferred Stocks — 0.7%
|
||
|
United States — 0.7%
|
||
|
Allstate Corp. (The) Series J, 7.38%, 7/15/2028 ($25 par value) (r)
|
66
|
1,711
|
|
AT&T, Inc. Series C, 4.75%, 8/30/2026 ($25 par value) (r)
|
190
|
3,265
|
|
Bank of America Corp. Series QQ, 4.25%, 11/17/2026 ($25 par value) (r)
|
85
|
1,395
|
|
Citigroup, Inc. Series II, 6.25%, 2/15/2031 ($25 par value) (r)
|
96
|
2,346
|
|
DTE Energy Co. Series H, 6.25%, 10/1/2085 ($25 par value)
|
116
|
2,737
|
|
Labels Buyer LLC Series A, 12.00%, 8/31/2026 ($1,000 par value) (r)
|
—
|
12
|
|
MetLife, Inc. Series F, 4.75%, 9/15/2026 ($25 par value) (r)
|
74
|
1,348
|
|
Morgan Stanley,
|
|
|
|
Series I, 6.38%, 10/15/2026
($25 par value) (r)
|
62
|
1,538
|
|
Series O, 4.25%, 1/15/2027
($25 par value) (r)
|
59
|
983
|
|
Series K, 5.85%, 4/15/2027
($25 par value) (r)
|
254
|
5,891
|
|
INVESTMENTS
|
SHARES
(000)
|
VALUE
($000)
|
|
Preferred Stocks — continued
|
||
|
United States — continued
|
||
|
Series P, 6.50%, 10/15/2027
($25 par value) (r)
|
144
|
3,628
|
|
Series Q, 6.63%, 10/15/2029
($25 par value) (r)
|
258
|
6,561
|
|
MYT Holding LLC Series A, 10.00%, 6/6/2029 ‡
|
2,316
|
3,011
|
|
NextEra Energy Capital Holdings, Inc. Series U, 6.50%, 6/1/2085 ($25 par value)
|
86
|
2,073
|
|
SCE Trust VI 5.00%, 8/30/2026 ($25 par value) (r)
|
333
|
5,641
|
|
Truist Financial Corp. Series R, 4.75%, 9/1/2026 ($25 par value) (r)
|
164
|
3,002
|
|
US Bancorp,
|
|
|
|
Series M, 4.00%, 8/31/2026
($25 par value) (r)
|
88
|
1,341
|
|
Series O, 4.50%, 4/15/2027
($25 par value) (r)
|
25
|
437
|
|
Wells Fargo & Co. Series Z, 4.75%, 9/15/2026 ($25 par value) (r)
|
380
|
6,964
|
|
Xcel Energy, Inc. 6.25%, 10/15/2085 ($25 par value)
|
113
|
2,637
|
|
Total Preferred Stocks
(Cost $60,935)
|
|
56,521
|
|
|
NO. OF
RIGHTS
(000)
|
|
|
Rights — 0.0% ^
|
||
|
Luxembourg — 0.0% ^
|
||
|
SES SA ‡ * (Cost $—) (d)
|
270
|
4,030
|
|
|
PRINCIPAL
AMOUNT
($000)
|
|
|
Mortgage-Backed Securities — 0.0% ^
|
||
|
United States — 0.0% ^
|
||
|
FHLMC UMBS, 30 Year Pool # SD8238, 4.50%, 8/1/2052
|
77
|
73
|
|
FNMA UMBS, 20 Year Pool # CA1231, 3.50%, 2/1/2038
|
151
|
143
|
|
FNMA UMBS, 30 Year
|
|
|
|
Pool # MA4398, 2.00%, 8/1/2051
|
456
|
358
|
|
Pool # MA4465, 2.00%, 11/1/2051
|
41
|
32
|
|
Pool # MA4548, 2.50%, 2/1/2052
|
15
|
12
|
|
Pool # MA4563, 2.50%, 3/1/2052
|
44
|
36
|
|
Pool # MA4564, 3.00%, 3/1/2052
|
13
|
11
|
|
Pool # MA4624, 3.00%, 6/1/2052
|
59
|
50
|
|
Pool # MA4733, 4.50%, 9/1/2052
|
73
|
70
|
|
Total Mortgage-Backed Securities
(Cost $921)
|
|
785
|
|
|
NO. OF
WARRANTS
(000)
|
|
|
Warrants — 0.0% ^
|
||
|
United States — 0.0% ^
|
||
|
Audacy, Inc.
|
|
|
|
expiring 12/31/2049, price 1.00 USD *
|
10
|
36
|
|
INVESTMENTS
|
|
VALUE
($000)
|
|
Warrants — continued
|
||
|
United States — continued
|
||
|
expiring 12/31/2049, price 1.00 USD ‡ *
|
13
|
—
|
|
expiring 9/30/2028, price 1.00 USD ‡ *
|
2
|
—
|
|
Labels Buyer LLC expiring 4/29/2033, price 1.00 USD *
|
1
|
3
|
|
Total Warrants
(Cost $4,633)
|
|
39
|
|
|
PRINCIPAL
AMOUNT
($000)
|
|
|
Short-Term Investments — 2.5%
|
|
|
|
Certificates of Deposits — 0.0% ^
|
||
|
DNB Bank ASA, 4.19%, 3/25/2027
|
250
|
249
|
|
Mizuho Bank Ltd., 4.20%, 3/24/2027
|
250
|
250
|
|
Oversea-Chinese Banking Corp. Ltd., 3.84%, 3/3/2027
|
431
|
430
|
|
Royal Bank of Canada, 3.95%, 11/17/2026
|
250
|
250
|
|
Total Certificates of Deposits
(Cost $1,181)
|
|
1,179
|
|
Commercial Paper — 0.0% ^
|
||
|
Australia & New Zealand Banking Group Ltd., 4.12%, 1/13/2027 (c) (s)
|
250
|
245
|
|
Banco Bilbao Vizcaya Argentaria, 4.21%, 5/5/2027 (s)
|
250
|
242
|
|
Canadian Imperial Bank of Commerce, 4.43%, 6/22/2027 (c) (s)
|
250
|
241
|
|
CDP Financial, Inc.
|
|
|
|
3.80%, 9/10/2026 (c) (s)
|
250
|
249
|
|
4.31%, 7/6/2027 (c) (s)
|
250
|
240
|
|
Danske Bank A/S, 4.20%, 3/19/2027 (c) (s)
|
250
|
243
|
|
Federation des Caisses Desjardins du Quebec, 3.85%, 3/2/2027 (c) (s)
|
392
|
383
|
|
Glencore Funding LLC, 4.19%, 12/22/2026 (c) (s)
|
250
|
246
|
|
ING Bank NV, 4.40%, 7/21/2027 (s)
|
250
|
240
|
|
Lloyds Bank plc, 4.29%, 6/17/2027 (c) (s)
|
222
|
214
|
|
Macquarie Bank Ltd., 3.83%, 9/4/2026 (c) (s)
|
500
|
498
|
|
National Westminster Bank Plc, 4.19%, 5/27/2027 (c) (s)
|
250
|
241
|
|
Natixis SA, 4.18%, 2/9/2027 (s)
|
250
|
245
|
|
Royal Bank of Canada, 4.24%, 6/10/2027 (c) (s)
|
250
|
241
|
|
RWE AG, 4.60%, 4/20/2027 (c) (s)
|
250
|
242
|
|
Svenska Handelsbanken AB, 4.08%, 4/13/2027 (c) (s)
|
336
|
326
|
|
Toronto-Dominion Bank (The), 4.07%, 4/22/2027 (c) (s)
|
250
|
242
|
|
Westpac Banking Corp., 4.14%, 3/19/2027 (c) (s)
|
250
|
243
|
|
Total Commercial Paper
(Cost $4,824)
|
|
4,821
|
|
|
SHARES
(000)
|
|
|
Investment Companies — 1.0%
|
||
|
JPMorgan Prime Money Market Fund Class IM Shares, 3.78% (n) (t)
(Cost $87,488)
|
87,488
|
87,497
|
|
INVESTMENTS
|
|
VALUE
($000)
|
|
Investment of Cash Collateral from Securities Loaned — 1.5%
|
||
|
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 3.67% (n) (t)(Cost $126,377)
|
126,377
|
126,377
|
|
Total Short-Term Investments
(Cost $219,870)
|
|
219,874
|
|
Total Investments — 100.6%
(Cost $7,984,973)
|
|
8,724,589
|
|
Liabilities in Excess of Other Assets — (0.6)%
|
|
(51,779
)
|
|
NET ASSETS — 100.0%
|
|
8,672,810
|
|
Percentages indicated are based on net assets.
|
||
|
Amounts presented as a dash ("-") represent amounts that round to less than a thousand.
|
|
Abbreviations
|
|
|
ABS
|
Asset-Backed Securities
|
|
ACES
|
Alternative Credit Enhancement Securities
|
|
ADR
|
American Depositary Receipt
|
|
CHDI
|
Clearing House Electronic Subregister System (CHESS) Depository Interest
|
|
CLO
|
Collateralized Loan Obligations
|
|
CME
|
Chicago Mercantile Exchange
|
|
CSMC
|
Credit Suisse Mortgage Trust
|
|
CVA
|
Certificaten Van Aandelen (Dutch Certificate)
|
|
ELN
|
Equity-Linked Note
|
|
ETF
|
Exchange Traded Fund
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GDR
|
Global Depositary Receipt
|
|
GNMA
|
Government National Mortgage Association
|
|
ICE
|
Intercontinental Exchange
|
|
IF
|
Inverse Floaters represent securities that pay interest at a rate that increases (decreases)
with a decline (incline) in a specified index or have an interest
rate that adjusts periodically based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the
rate in effect as of July 31, 2026. The rate may be subject to a cap and floor.
|
|
IO
|
Interest Only represents the right to receive the monthly interest payments on an
underlying pool of mortgage loans. The principal amount shown
represents the par value on the underlying pool. The yields on these securities are
subject to accelerated principal paydowns as a result of prepayment or
refinancing of the underlying pool of mortgage instruments. As a result, interest
income may be reduced considerably.
|
|
JSC
|
Joint Stock Company
|
|
OYJ
|
Public Limited Company
|
|
PIK
|
Payment In Kind
|
|
PJSC
|
Public Joint Stock Company
|
|
PO
|
Principal Only represents the right to receive the principal portion only on an underlying
pool of mortgage loans. The market value of these securities is
extremely volatile in response to changes in market interest rates. As prepayments
on the underlying mortgages of these securities increase, the yield on
these securities increases.
|
|
Preference
|
A special type of equity investment that shares in the earnings of the company, has
limited voting rights, and may have a dividend preference. Preference
shares may also have liquidation preference.
|
|
PT
|
Limited liability company
|
|
REIT
|
Real Estate Investment Trust
|
|
REMIC
|
Real Estate Mortgage Investment Conduit
|
|
RTS
|
Russian Trading System
|
|
SCA
|
Limited partnership with share capital
|
|
SGPS
|
Holding company
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
SOFRINDX
|
Compounding index of the Secured Overnight Financing Rate
|
|
STRIPS
|
Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program
lets investors hold and trade individual interest and principal
components of eligible notes and bonds as separate securities.
|
|
UMBS
|
Uniform Mortgage-Backed Securities
|
|
USD
|
United States Dollar
|
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
|
‡
|
Value determined using significant unobservable inputs.
|
|
|
*
|
Non-income producing security.
|
|
|
(a)
|
The security or a portion of this security is on loan at July 31, 2026. The total
value of securities on loan at July 31, 2026 is $117,552.
|
|
|
(b)
|
Security exempt from registration pursuant to Regulation S under the Securities Act
of 1933, as amended. Regulation S applies to securities
offerings that are made outside of the United States and do not involve direct selling
efforts in the United States and as such may have
restrictions on resale.
|
|
|
(c)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
|
(d)
|
Value is zero.
|
|
|
(e)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of July 31, 2026.
|
|
|
(f)
|
Contingent Capital security (“CoCo”). CoCos are hybrid debt securities that may be convertible into equity or may be written down if a
pre-specified trigger event occurs. The total value of aggregate CoCo holdings at July 31, 2026 is $204,121 or 2.35% of the Fund’s net
assets as of July 31, 2026.
|
|
|
(g)
|
Security is an interest bearing note with preferred security characteristics.
|
|
|
(h)
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon
rate for this security is fixed for a period of time
and may be structured to adjust thereafter. The date shown, if applicable, reflects
the next call date. The coupon rate shown is the rate in
effect as of July 31, 2026.
|
|
|
(i)
|
Step bond. Interest rate is a fixed rate for an initial period that either resets
at a specific date or may reset in the future contingent upon a
predetermined trigger. The interest rate shown is the current rate as of July 31,
2026.
|
|
|
(j)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
|
|
|
(k)
|
Defaulted security.
|
|
|
(l)
|
Variable or floating rate security, the interest rate of which adjusts periodically
based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the current rate as of
July 31, 2026.
|
|
|
(m)
|
All or a portion of the security is a when-issued security, delayed delivery security,
or forward commitment.
|
|
|
(n)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
|
(o)
|
Loan assignments are presented by obligor. Each series or loan tranche underlying
each obligor may have varying terms.
|
|
|
(p)
|
All or a portion of this security is unsettled as of July 31, 2026. Unless otherwise
indicated, the coupon rate is undetermined. The coupon
rate shown may not be accrued for the entire position.
|
|
|
(q)
|
All or a portion of this security is deposited with the broker as initial margin for
futures contracts.
|
|
|
(r)
|
The date shown reflects the next call date on which the issuer may redeem the security
at par value. The coupon rate for this security is based
on par value and is in effect as of July 31, 2026.
|
|
|
(s)
|
The rate shown is the effective yield as of July 31, 2026.
|
|
|
(t)
|
The rate shown is the current yield as of July 31, 2026.
|
|
|
INDUSTRY
|
PERCENT OF
TOTAL
INVESTMENTS
|
|
U.S. Equity
|
9.5
%
|
|
Banks
|
7.7
|
|
Convertible Bonds
|
7.1
|
|
Oil, Gas & Consumable Fuels
|
5.8
|
|
Commercial Mortgage-Backed Securities
|
4.5
|
|
Semiconductors & Semiconductor Equipment
|
4.2
|
|
Foreign Government Securities
|
3.8
|
|
Collateralized Mortgage Obligations
|
3.4
|
|
Diversified Telecommunication Services
|
3.2
|
|
Media
|
2.6
|
|
Capital Markets
|
2.4
|
|
Electric Utilities
|
2.2
|
|
Pharmaceuticals
|
2.0
|
|
Insurance
|
2.0
|
|
Hotels, Restaurants & Leisure
|
1.9
|
|
Software
|
1.7
|
|
Chemicals
|
1.4
|
|
Health Care Providers & Services
|
1.3
|
|
Building Products
|
1.3
|
|
Automobile Components
|
1.2
|
|
Technology Hardware, Storage & Peripherals
|
1.2
|
|
Commercial Services & Supplies
|
1.2
|
|
Metals & Mining
|
1.2
|
|
Financial Services
|
1.1
|
|
Aerospace & Defense
|
1.1
|
|
Multi-Utilities
|
1.1
|
|
Asset-Backed Securities
|
1.0
|
|
U.S. Treasury Notes
|
1.0
|
|
Others (each less than 1.0%)
|
19.4
|
|
Short-Term Investments
|
2.5
|
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
|
Long Contracts
|
|
|
|
|
|
|
MSCI Emerging Markets Index
|
593
|
09/18/2026
|
USD
|
48,688
|
(4,516
)
|
|
S&P 500 E-Mini Index
|
233
|
09/18/2026
|
USD
|
87,623
|
(1,073
)
|
|
U.S. Treasury 10 Year Note
|
10,718
|
09/21/2026
|
USD
|
1,160,223
|
(7,802
)
|
|
U.S. Treasury 5 Year Note
|
11,521
|
09/30/2026
|
USD
|
1,222,666
|
(6,855
)
|
|
|
|
|
|
|
(20,246
)
|
|
DESCRIPTION
|
NUMBER OF
CONTRACTS
|
EXPIRATION DATE
|
TRADING CURRENCY
|
NOTIONAL
AMOUNT ($)
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
|
Short Contracts
|
|
|
|
|
|
|
EURO STOXX 50 Index
|
(3,968
)
|
09/18/2026
|
EUR
|
(292,158
)
|
(5,898
)
|
|
NASDAQ 100 E-Mini Index
|
(116
)
|
09/18/2026
|
USD
|
(65,906
)
|
(647
)
|
|
|
|
|
|
|
(6,545
)
|
|
|
|
|
|
|
(26,791
)
|
|
Abbreviations
|
|
|
EUR
|
Euro
|
|
MSCI
|
Morgan Stanley Capital International
|
|
USD
|
United States Dollar
|
|
CURRENCY
PURCHASED
|
CURRENCY
SOLD
|
COUNTERPARTY
|
SETTLEMENT
DATE
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($)
|
||
|
EUR
|
3,154
|
USD
|
3,632
|
HSBC Bank, NA
|
8/5/2026
|
5
|
|
Total unrealized appreciation
|
5
|
|||||
|
USD
|
3,597
|
EUR
|
3,154
|
Morgan Stanley
|
8/5/2026
|
(41
)
|
|
USD
|
3,636
|
EUR
|
3,154
|
HSBC Bank, NA
|
9/2/2026
|
(5
)
|
|
Total unrealized depreciation
|
(46
)
|
|||||
|
Net unrealized depreciation
|
(41
)
|
|||||
|
Abbreviations
|
|
|
EUR
|
Euro
|
|
USD
|
United States Dollar
|
|
|
|
|
||
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities
|
|
|
|
|
|
Cayman Islands
|
$—
|
$9,394
|
$397
|
$9,791
|
|
United States
|
—
|
80,602
|
490
|
81,092
|
|
Total Asset-Backed Securities
|
—
|
89,996
|
887
|
90,883
|
|
Collateralized Mortgage Obligations
|
|
|
|
|
|
United States
|
—
|
287,955
|
9,913
|
297,868
|
|
Commercial Mortgage-Backed Securities
|
—
|
393,047
|
—
|
393,047
|
|
Common Stocks
|
|
|
|
|
|
Australia
|
382
|
42,633
|
—
|
43,015
|
|
Austria
|
—
|
12,104
|
—
|
12,104
|
|
Belgium
|
—
|
6,167
|
—
|
6,167
|
|
Brazil
|
33,464
|
—
|
—
|
33,464
|
|
Canada
|
88,724
|
—
|
—
|
88,724
|
|
China
|
15,332
|
101,583
|
—
|
116,915
|
|
Denmark
|
—
|
31,847
|
—
|
31,847
|
|
Finland
|
—
|
17,109
|
—
|
17,109
|
|
France
|
3,768
|
133,025
|
54
|
136,847
|
|
Germany
|
—
|
98,292
|
—
|
98,292
|
|
Greece
|
—
|
8,131
|
—
|
8,131
|
|
Guatemala
|
2,029
|
—
|
—
|
2,029
|
|
Hong Kong
|
—
|
33,131
|
—
|
33,131
|
|
India
|
727
|
18,398
|
—
|
19,125
|
|
Indonesia
|
—
|
8,870
|
—
|
8,870
|
|
Iraq
|
—
|
173
|
—
|
173
|
|
Ireland
|
—
|
6,185
|
—
|
6,185
|
|
Israel
|
1,332
|
1,509
|
—
|
2,841
|
|
Italy
|
3,742
|
85,647
|
—
|
89,389
|
|
Japan
|
—
|
124,924
|
—
|
124,924
|
|
Luxembourg
|
—
|
2,653
|
2,298
|
4,951
|
|
Macau
|
—
|
587
|
—
|
587
|
|
Mexico
|
15,489
|
—
|
—
|
15,489
|
|
Netherlands
|
12,480
|
80,878
|
—
|
93,358
|
|
New Zealand
|
—
|
480
|
—
|
480
|
|
Norway
|
8,164
|
19,074
|
—
|
27,238
|
|
Peru
|
1,638
|
—
|
—
|
1,638
|
|
Poland
|
—
|
4,100
|
—
|
4,100
|
|
Portugal
|
—
|
3,780
|
—
|
3,780
|
|
Russia
|
—
|
—
|
—(a
)
|
—(a
)
|
|
Saudi Arabia
|
—
|
13,278
|
—
|
13,278
|
|
Singapore
|
—
|
26,953
|
—
|
26,953
|
|
South Africa
|
8,011
|
8,607
|
—
|
16,618
|
|
South Korea
|
—
|
93,026
|
—
|
93,026
|
|
|
|
|
||
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Spain
|
$—
|
$48,041
|
$—
|
$48,041
|
|
Sweden
|
—
|
54,146
|
—
|
54,146
|
|
Switzerland
|
—
|
38,537
|
—
|
38,537
|
|
Taiwan
|
2,483
|
139,990
|
—
|
142,473
|
|
Thailand
|
—
|
4,065
|
—
|
4,065
|
|
United Arab Emirates
|
—
|
2,924
|
—
|
2,924
|
|
United Kingdom
|
8,069
|
170,028
|
—
|
178,097
|
|
United States
|
1,173,665
|
92,897
|
1,137
|
1,267,699
|
|
Total Common Stocks
|
1,379,499
|
1,533,772
|
3,489
|
2,916,760
|
|
Corporate Bonds
|
|
|
|
|
|
Angola
|
—
|
3,592
|
—
|
3,592
|
|
Argentina
|
—
|
1,053
|
—
|
1,053
|
|
Australia
|
—
|
1,372
|
—
|
1,372
|
|
Bahrain
|
—
|
1,396
|
—
|
1,396
|
|
Brazil
|
—
|
10,517
|
—
|
10,517
|
|
Canada
|
—
|
129,537
|
—
|
129,537
|
|
Colombia
|
—
|
7,983
|
—
|
7,983
|
|
Denmark
|
—
|
279
|
—
|
279
|
|
El Salvador
|
—
|
308
|
—
|
308
|
|
Finland
|
—
|
7,014
|
—
|
7,014
|
|
France
|
—
|
58,637
|
—
|
58,637
|
|
Georgia
|
—
|
673
|
—
|
673
|
|
Germany
|
—
|
7,488
|
—
|
7,488
|
|
Ireland
|
—
|
2,865
|
—
|
2,865
|
|
Italy
|
—
|
5,659
|
—
|
5,659
|
|
Jamaica
|
—
|
2,680
|
—
|
2,680
|
|
Japan
|
—
|
9,946
|
—
|
9,946
|
|
Kyrgyzstan
|
—
|
892
|
—
|
892
|
|
Luxembourg
|
—
|
7,176
|
—
|
7,176
|
|
Mexico
|
—
|
33,425
|
—
|
33,425
|
|
Mongolia
|
—
|
1,491
|
—
|
1,491
|
|
Netherlands
|
—
|
16,542
|
—
|
16,542
|
|
New Zealand
|
—
|
261
|
—
|
261
|
|
Paraguay
|
—
|
219
|
—
|
219
|
|
Peru
|
—
|
3,066
|
—
|
3,066
|
|
Serbia
|
—
|
2,320
|
—
|
2,320
|
|
South Africa
|
—
|
3,958
|
—
|
3,958
|
|
Spain
|
—
|
34,543
|
—
|
34,543
|
|
Sweden
|
—
|
5,300
|
—
|
5,300
|
|
Switzerland
|
—
|
22,883
|
—
|
22,883
|
|
Turkey
|
—
|
3,542
|
—
|
3,542
|
|
United Kingdom
|
—
|
70,321
|
—
|
70,321
|
|
United States
|
—
|
2,168,892
|
996
|
2,169,888
|
|
Uzbekistan
|
—
|
980
|
—
|
980
|
|
Venezuela, Bolivarian Republic of
|
—
|
13,054
|
—
|
13,054
|
|
Total Corporate Bonds
|
—
|
2,639,864
|
996
|
2,640,860
|
|
|
|
|
||
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Equity Linked Notes
|
$—
|
$616,893
|
$—
|
$616,893
|
|
Exchange-Traded Funds
|
829,871
|
—
|
—
|
829,871
|
|
Foreign Government Securities
|
—
|
328,392
|
—
|
328,392
|
|
Loan Assignments
|
|
|
|
|
|
Canada
|
—
|
2,918
|
—
|
2,918
|
|
Cayman Islands
|
—
|
3,955
|
—
|
3,955
|
|
France
|
—
|
154
|
—
|
154
|
|
Germany
|
—
|
521
|
—
|
521
|
|
Luxembourg
|
—
|
4,741
|
—
|
4,741
|
|
United Kingdom
|
—
|
5,035
|
—
|
5,035
|
|
United States
|
—
|
204,940
|
21,183
|
226,123
|
|
Total Loan Assignments
|
—
|
222,264
|
21,183
|
243,447
|
|
Mortgage-Backed Securities
|
—
|
785
|
—
|
785
|
|
Preferred Stocks
|
|
|
|
|
|
United States
|
53,498
|
12
|
3,011
|
56,521
|
|
Rights
|
—
|
—
|
4,030
|
4,030
|
|
U.S. Treasury Obligations
|
—
|
85,319
|
—
|
85,319
|
|
Warrants
|
|
|
|
|
|
United States
|
—
|
39
|
—
(b)
|
39
|
|
Short-Term Investments
|
|
|
|
|
|
Certificates of Deposits
|
—
|
1,179
|
—
|
1,179
|
|
Commercial Paper
|
—
|
4,821
|
—
|
4,821
|
|
Investment Companies
|
87,497
|
—
|
—
|
87,497
|
|
Investment of Cash Collateral from Securities Loaned
|
126,377
|
—
|
—
|
126,377
|
|
Total Short-Term Investments
|
213,874
|
6,000
|
—
|
219,874
|
|
Total Investments in Securities
|
$2,476,742
|
$6,204,338
|
$43,509
|
$8,724,589
|
|
Appreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
$—
|
$5
|
$—
|
$5
|
|
Depreciation in Other Financial Instruments
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
$—
|
$(46
)
|
$—
|
$(46
)
|
|
Futures Contracts
|
(26,791
)
|
—
|
—
|
(26,791
)
|
|
Total Net Appreciation/ Depreciation in Other
Financial Instruments
|
$(26,791
)
|
$(41
)
|
$—
|
$(26,832
)
|
|
|
|
|
(a)
|
Value is zero.
|
|
(b)
|
Amount rounds to less than one thousand.
|
|
|
Balance as of
October 31,
2025
|
Realized
gain (loss)
|
Change in net
unrealized
appreciation
(depreciation)
|
Net
accretion
(amortization)
|
Purchases1
|
Sales2
|
Transfers
into
Level 3
|
Transfers
out of
Level 3
|
Other(a)
|
Balance as of
July 31,
2026
|
|
Investments in Securities:
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities
|
$5,576
|
$(2,117
)
|
$32
|
$(2
)
|
$400
|
$(3,002
)
|
$—
|
$—
|
$—
|
$887
|
|
Collateralized Mortgage Obligations
|
2,531
|
—
|
(91
)
|
(8
)
|
11,291
|
(3,810
)
|
—
|
—
|
—
|
9,913
|
|
Common Stocks
|
10,480
|
(2,888
)
|
1,365
|
—
|
2,258
|
(3,806
)
|
—
|
—
|
(3,920
)
|
3,489
|
|
Convertible Preferred Stocks
|
—
(b)
|
(5,709
)
|
5,709
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Corporate Bonds
|
2,762
|
794
|
327
|
39
|
731
|
(3,657
)
|
—
|
—
|
—
|
996
|
|
Loan Assignments
|
9,026
|
(496
)
|
(2,180
)
|
4,818
|
32,141
|
(22,126
)
|
—
|
—
|
—
|
21,183
|
|
Preferred Stocks
|
2,837
|
—
|
174
|
—
|
—
|
—
|
—
|
—
|
—
|
3,011
|
|
Rights
|
—
|
—
|
110
|
—
|
—
|
—
|
—
|
—
|
3,920
|
4,030
|
|
Warrants
|
—
(c)
|
—
|
—
(c)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
(c)
|
|
Total
|
$33,212
|
$(10,416
)
|
$5,446
|
$4,847
|
$46,821
|
$(36,401
)
|
$—
|
$—
|
$—
|
$43,509
|
|
|
|||||||||
|
1
|
Purchases include all purchases of securities and securities received in corporate
actions.
|
||||||||
|
2
|
Sales include all sales of securities, maturities, paydowns and securities tendered
in corporate actions.
|
||||||||
|
(a)
|
Certain Level 3 investments were re-classified between Common Stocks and Rights.
|
|
(b)
|
Value is zero.
|
|
(c)
|
Amount rounds to less than one thousand.
|
|
|
Fair Value
at July 31, 2026
|
Valuation Technique(s)
|
Unobservable Input
|
Range (Weighted Average) (a)
|
|
|
$528
|
Market Comparable Companies
|
EBITDA Multiple (b)
|
12.44x (12.44x)
|
|
|
|
|
Discount for Potential Outcome
|
60.00% (60.00%)
|
|
|
23
|
Terms of Restructuring
|
Expected Recovery
|
$0.01 ($0.01)
|
|
|
|
|
|
|
|
Common Stocks
|
551
|
|
|
|
|
|
433
|
Market Comparable Companies
|
EBITDA Multiple (b)
|
12.44x (12.44x)
|
|
|
|
|
Discount for Potential Outcome
|
60.00% (60.00%)
|
|
|
-
|
Terms of Restructuring
|
Expected Recovery
|
0.00% (0.00%)
|
|
|
|
|
|
|
|
Corporate Bonds
|
433
|
|
|
|
|
|
505
|
Discounted Cash Flow
|
Constant Prepayment Rate
|
0.00% - 15.00% (3.22%)
|
|
|
|
|
Constant Default Rate
|
0.00% - 12.00% (2.58%)
|
|
|
|
|
Yield (Discount Rate of Cash Flows)
|
6.13% - 7.45% (6.41%)
|
|
|
|
|
|
|
|
Asset-Backed Securities
|
505
|
|
|
|
|
|
21,156
|
Terms of Restructuring
|
Expected Recovery
|
0.00% - 100.00% (76.30%)
|
|
|
|
|
|
|
|
|
Fair Value
at July 31, 2026
|
Valuation Technique(s)
|
Unobservable Input
|
Range (Weighted Average) (a)
|
|
Loan Assignments
|
21,156
|
|
|
|
|
Total
|
$22,645
|
|
|
|
|
#
|
The table above does not include certain level 3 investments that are valued by brokers
and Pricing Services. At July 31, 2026, the value of
these investments was $20,864. The inputs for these investments are not readily available
or cannot be reasonably estimated and are generally
those inputs described in Note A.
|
|
(a)
|
Unobservable inputs were weighted by the relative fair value of the instruments.
|
|
(b)
|
Represents amounts used when the reporting entity has determined that market participants
would take into account such multiples when
pricing the investments.
|
|
|
|||||||||
|
For the period ended July 31, 2026
|
|||||||||
|
Security Description
|
Value at
October 31,
2025
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
July 31,
2026
|
Shares at
July 31,
2026
|
Dividend
Income
|
Capital Gain
Distributions
|
|
JPMorgan Income ETF (a)
|
$23,867
|
$—
|
$23,740
|
$1,072
|
$(1,199
)
|
$—
|
—
|
$547
|
$—
|
|
JPMorgan Nasdaq Equity Premium Income
ETF (a)
|
841,981
|
—
|
—
|
—
|
(12,110
)
|
829,871
|
14,247
|
70,238
|
—
|
|
JPMorgan Prime Money Market Fund Class IM
Shares, 3.78% (a) (b)
|
37,158
|
1,388,983
|
1,338,650
|
(3
)
|
9
|
87,497
|
87,488
|
1,560
|
—
|
|
JPMorgan Prime Money Market Fund
Class Institutional Shares, 3.68% (a) (b)
|
261,013
|
2,733,355
|
2,994,350
|
(44
)
|
26
|
—
|
—
|
5,383
|
—
|
|
JPMorgan Securities Lending Money Market
Fund Agency SL Class Shares, 3.67%
(a) (b)
|
72,131
|
510,296
|
456,050
|
—
|
—
|
126,377
|
126,377
|
3,550
|
—
|
|
Total
|
$1,236,150
|
$4,632,634
|
$4,812,790
|
$1,025
|
$(13,274
)
|
$1,043,745
|
|
$81,278
|
$—
|
|
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
(b)
|
The rate shown is the current yield as of July 31, 2026.
|