|
Principal Amount
|
Value
|
|||
|
U.S. Treasury Obligations 15.6%
|
||||
|
|
|
U.S. Treasury Bonds
|
|
|
|
$
|
9,100,000
|
2.00%, due 11/15/2041 - 2/15/2050
|
$5,863,805
|
|
|
|
14,120,000
|
4.00%, due 11/15/2042 - 11/15/2052
|
11,810,243
|
|
|
|
14,650,000
|
4.63%, due 11/15/2044 - 11/15/2055
|
13,392,924
|
|
|
|
3,340,000
|
3.00%, due 2/15/2047
|
2,374,792
|
|
|
|
4,685,000
|
3.38%, due 11/15/2048
|
3,493,985
|
|
|
|
10,065,000
|
2.88%, due 5/15/2052
|
6,612,233
|
|
|
|
8,585,000
|
3.63%, due 5/15/2053
|
6,522,588
|
|
|
|
7,020,000
|
4.25%, due 2/15/2054
|
5,960,419
|
|
|
|
14,655,000
|
4.75%, due 8/15/2055 - 2/15/2056
|
13,533,049
|
|
|
|
10,300,000
|
5.00%, due 5/15/2056
|
9,907,312
|
|
|
|
|
U.S. Treasury Notes
|
|
|
|
|
6,560,000
|
3.50%, due 11/30/2030 - 2/28/2031
|
6,322,572
|
|
|
|
5,560,000
|
3.63%, due 12/31/2030
|
5,385,816
|
|
|
|
4,680,000
|
3.88%, due 4/30/2031
|
4,571,409
|
|
|
|
16,770,000
|
4.13%, due 6/30/2031 - 2/15/2036
|
16,358,223
|
|
|
|
26,005,000
|
4.25%, due 5/31/2033 - 8/15/2035
|
25,504,253
|
|
|
|
25,300,000
|
4.38%, due 7/31/2033 - 5/15/2036
|
24,655,766
|
|
|
|
3,990,000
|
4.63%, due 2/15/2035
|
3,980,025
|
|
|
|
11,850,000
|
4.00%, due 11/15/2035
|
11,233,430
|
|
|
Total U.S. Treasury Obligations (Cost $182,445,000)
|
177,482,844
|
|||
|
U.S. Government Agency Securities 0.8%
|
|
|||
|
|
1,985,000
|
Federal National Mortgage Association Principal Strip, 0.00%, due 7/15/2037
|
1,147,754
(a)
|
|
|
|
|
Tennessee Valley Authority
|
|
|
|
|
2,160,000
|
5.25%, due 2/1/2055
|
2,028,855
|
|
|
|
2,005,000
|
4.88%, due 5/15/2035
|
2,012,376
|
|
|
|
3,520,000
|
3.88%, due 8/1/2030
|
3,449,636
|
|
|
Total U.S. Government Agency Securities (Cost $9,068,316)
|
8,638,621
|
|||
|
|
||||
|
Mortgage-Backed Securities 41.3%
|
||||
|
Collateralized Mortgage Obligations 5.5%
|
|
|||
|
|
507,581
|
A&D Mortgage Trust, Series 2025-NQM3, Class A1, 5.37%, due 8/25/2070
|
505,504
(b)
|
|
|
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
5,103
|
Series 2019-6, Class A1, 2.62%, due 11/25/2059
|
5,084
(b)(c)
|
|
|
|
588,534
|
Series 2021-3, Class A1, 1.07%, due 5/25/2066
|
506,760
(b)(c)
|
|
|
|
90,100
|
Series 2022-5, Class A1, 5.50%, due 5/25/2067
|
89,916
(b)
|
|
|
|
656,086
|
Series 2025-10, Class A2, 5.16%, due 9/25/2070
|
649,762
(b)
|
|
|
|
154,217
|
BRAVO Residential Funding Trust, Series 2026-NQM6, Class A1, 5.52%, due 5/25/2066
|
154,086
(b)(c)
|
|
|
|
|
Chase Home Lending Mortgage Trust
|
|
|
|
|
649,625
|
Series 2024-4, Class A6, 6.00%, due 3/25/2055
|
649,635
(b)(c)
|
|
|
|
1,321,792
|
Series 2024-11, Class A4, 6.00%, due 11/25/2055
|
1,323,226
(b)(c)
|
|
|
|
1,404,666
|
Series 2025-1, Class A4, 6.00%, due 11/25/2055
|
1,400,369
(b)(c)
|
|
|
|
1,981,236
|
Series 2025-10, Class A4A, 5.50%, due 7/25/2056
|
1,971,104
(b)(c)
|
|
|
|
|
Connecticut Avenue Securities Trust
|
|
|
|
|
711,000
|
Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 6.72%, due 3/25/2042
|
719,850
(b)(d)
|
|
|
|
1,540,000
|
Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.12%, due 3/25/2042
|
1,564,612
(b)(d)
|
|
|
|
1,312,000
|
Series 2022-R07, Class 1M2, (30 day USD SOFR Average + 4.65%), 8.27%, due 6/25/2042
|
1,352,878
(b)(d)
|
|
|
|
1,600,000
|
Series 2022-R09, Class 2M2, (30 day USD SOFR Average + 4.75%), 8.37%, due 9/25/2042
|
1,664,000
(b)(d)
|
|
|
|
1,948,238
|
Series 2024-R04, Class 1M2, (30 day USD SOFR Average + 1.65%), 5.27%, due 5/25/2044
|
1,953,701
(b)(d)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
196,304
|
Series 2025-R04, Class 1M1, (30 day USD SOFR Average + 1.20%), 4.82%, due 5/25/2045
|
$196,423
(b)(d)
|
|
|
|
814,000
|
Series 2025-R06, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.17%, due 9/25/2045
|
818,531
(b)(d)
|
|
|
|
881,524
|
Series 2026-R02, Class 1M1, (30 day USD SOFR Average + 1.05%), 4.67%, due 2/25/2046
|
881,041
(b)(d)
|
|
|
|
1,682,528
|
EFMT, Series 2024-INV2, Class A1, 5.04%, due 10/25/2069
|
1,674,066
(b)
|
|
|
|
275,042
|
Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, due 1/25/2067
|
240,582
(b)(c)
|
|
|
|
|
Federal Home Loan Mortgage Corp. REMIC
|
|
|
|
|
991,848
|
Series 4018, Class HS, (6.34% - 30 day USD SOFR Average), 2.71%, due 3/15/2042
|
96,274
(d)(e)
|
|
|
|
597,813
|
Series 4159, Class KS, (6.04% - 30 day USD SOFR Average), 2.41%, due 1/15/2043
|
58,718
(d)(e)
|
|
|
|
|
Federal Home Loan Mortgage Corp. STACR REMIC Trust
|
|
|
|
|
1,078,929
|
Series 2021-DNA7, Class M2, (30 day USD SOFR Average + 1.80%), 5.42%, due
11/25/2041
|
1,081,940
(b)(d)
|
|
|
|
550,000
|
Series 2022-DNA1, Class M2, (30 day USD SOFR Average + 2.50%), 6.12%, due
1/25/2042
|
553,437
(b)(d)
|
|
|
|
1,325,000
|
Series 2022-DNA3, Class M1B, (30 day USD SOFR Average + 2.90%), 6.52%, due
4/25/2042
|
1,342,397
(b)(d)
|
|
|
|
1,050,000
|
Series 2022-DNA6, Class M2, (30 day USD SOFR Average + 5.75%), 9.37%, due
9/25/2042
|
1,106,533
(b)(d)
|
|
|
|
1,238,849
|
Series 2026-HQA1, Class M1, (30 day USD SOFR Average + 1.25%), 4.87%, due
5/25/2046
|
1,240,070
(b)(d)
|
|
|
|
|
Federal National Mortgage Association REMIC
|
|
|
|
|
1,027,802
|
Series 2013-6, Class SB, (5.99% - 30 day USD SOFR Average), 2.37%, due 2/25/2043
|
87,341
(d)(e)
|
|
|
|
621,278
|
Series 2016-32, Class LI, 3.50%, due 6/25/2046
|
97,549
(e)
|
|
|
|
|
GCAT Trust
|
|
|
|
|
157,777
|
Series 2019-NQM3, Class A1, 3.69%, due 11/25/2059
|
154,731
(b)(c)
|
|
|
|
871,800
|
Series 2021-NQM5, Class A1, 1.26%, due 7/25/2066
|
726,486
(b)(c)
|
|
|
|
|
Government National Mortgage Association REMIC
|
|
|
|
|
1,265,998
|
Series 2020-112, Class KA, 1.00%, due 8/20/2050
|
951,212
|
|
|
|
2,890,177
|
Series 2021-26, Class AI, 2.00%, due 2/20/2051
|
363,447
(e)
|
|
|
|
1,096,404
|
Series 2021-103, Class HE, 2.00%, due 6/20/2051
|
886,034
|
|
|
|
2,533,003
|
JP Morgan Mortgage Trust, Series 2025-NQM5, Class A1, 4.88%, due 5/25/2066
|
2,502,794
(b)(c)
|
|
|
|
|
Morgan Stanley Residential Mortgage Loan Trust
|
|
|
|
|
519,977
|
Series 2025-NQM6, Class A1, 5.15%, due 7/25/2070
|
516,176
(b)(c)
|
|
|
|
1,584,859
|
Series 2025-NQM10, Class A1, 5.12%, due 11/25/2070
|
1,570,560
(b)(c)
|
|
|
|
884,000
|
Series 2026-NQM8, Class A1, 5.51%, due 6/25/2071
|
881,335
(b)(c)
|
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
83,777
|
Series 2019-NQM5, Class A1, 2.71%, due 11/25/2059
|
79,551
(b)(c)
|
|
|
|
1,748,080
|
Series 2025-NQM3, Class A3, 5.99%, due 5/25/2065
|
1,749,331
(b)
|
|
|
|
1,305,914
|
Series 2025-NQM7, Class A1, 5.01%, due 10/26/2065
|
1,297,797
(b)(c)
|
|
|
|
1,581,687
|
Series 2026-NQM6, Class A1, 5.29%, due 5/25/2066
|
1,570,029
(b)(c)
|
|
|
|
1,444,000
|
Series 2026-NQM8, Class A1, 5.56%, due 8/25/2066
|
1,440,372
(b)(c)
|
|
|
|
1,517,000
|
Series 2026-NQM8, Class A3, 5.77%, due 8/25/2066
|
1,510,510
(b)
|
|
|
|
|
OBX Trust
|
|
|
|
|
613,222
|
Series 2025-NQM7, Class A2, 5.76%, due 5/25/2055
|
613,859
(b)
|
|
|
|
108,287
|
Series 2024-NQM4, Class A1, 6.07%, due 1/25/2064
|
108,612
(b)
|
|
|
|
905,885
|
Series 2024-NQM14, Class A1, 4.94%, due 9/25/2064
|
901,983
(b)
|
|
|
|
380,732
|
Series 2026-NQM9, Class A1, 5.47%, due 4/25/2066
|
380,077
(b)(c)
|
|
|
|
984,235
|
PRKCM Trust, Series 2025-AFC1, Class A1, 5.10%, due 10/25/2060
|
977,091
(b)(c)
|
|
|
|
2,068,655
|
Provident Funding Mortgage Trust, Series 2025-4, Class A4, 5.50%, due 9/25/2055
|
2,059,940
(b)(c)
|
|
|
|
1,871,000
|
SG Residential Mortgage Trust, Series 2026-5, Class A1, 5.51%, due 8/25/2066
|
1,866,945
(b)(c)
|
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
|
523,361
|
Series 2021-3, Class A1, 1.13%, due 6/25/2056
|
447,962
(b)(c)
|
|
|
|
1,309,363
|
Series 2021-6, Class A1, 1.92%, due 11/25/2066
|
1,144,059
(b)(c)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
1,766,449
|
Towd Point Mortgage Trust, Series 2022-4, Class A1, 3.75%, due 9/25/2062
|
$1,660,131
(b)
|
|
|
|
|
Verus Securitization Trust
|
|
|
|
|
633,389
|
Series 2021-3, Class A1, 1.05%, due 6/25/2066
|
555,048
(b)(c)
|
|
|
|
1,046,580
|
Series 2021-6, Class A1, 1.63%, due 10/25/2066
|
896,787
(b)(c)
|
|
|
|
2,064,574
|
Series 2025-R2, Class A1, 5.09%, due 7/25/2067
|
2,042,321
(b)(c)
|
|
|
|
979,036
|
Series 2024-4, Class A1, 6.22%, due 6/25/2069
|
982,751
(b)
|
|
|
|
1,746,791
|
Series 2025-3, Class A1, 5.62%, due 5/25/2070
|
1,752,035
(b)
|
|
|
|
1,004,922
|
Series 2025-6, Class A1, 5.42%, due 7/25/2070
|
1,002,197
(b)
|
|
|
|
423,200
|
Series 2025-7, Class A1, 5.13%, due 8/25/2070
|
421,868
(b)
|
|
|
|
2,570,615
|
Series 2026-4, Class A1, 5.00%, due 4/25/2071
|
2,550,596
(b)(c)
|
|
|
|
1,517,000
|
Series 2026-6, Class A1, 5.51%, due 7/27/2071
|
1,514,969
(b)(c)
|
|
|
|
958,000
|
Series 2026-6, Class A3, 5.77%, due 7/27/2071
|
957,018
(b)
|
|
|
|
|
|
63,022,003
|
|
|
Commercial Mortgage-Backed 13.1%
|
|
|||
|
|
1,706,000
|
1301 Trust, Series 2025-1301, Class C, 5.64%, due 8/11/2042
|
1,685,947
(b)(c)
|
|
|
|
456,000
|
ALA Trust, Series 2025-OANA, Class C, (1 mo. USD Term SOFR + 2.09%), 5.77%, due
6/15/2040
|
457,710
(b)(d)
|
|
|
|
|
BANK5
|
|
|
|
|
513,000
|
Series 2023-5YR2, Class C, 7.16%, due 7/15/2056
|
516,307
(c)
|
|
|
|
1,533,000
|
Series 2024-5YR12, Class C, 6.30%, due 12/15/2057
|
1,541,944
(c)
|
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
|
1,501,000
|
Series 2024-5C27, Class A3, 6.01%, due 7/15/2057
|
1,533,285
|
|
|
|
235,000
|
Series 2024-5C31, Class AS, 5.85%, due 12/15/2057
|
238,150
(c)
|
|
|
|
321,000
|
Series 2025-5C34, Class C, 6.81%, due 5/15/2058
|
327,211
(c)
|
|
|
|
2,671,000
|
BDS LLC, Series 2026-FL18, Class A, (1.30% - 1 mo. USD Term SOFR), 0.00%, due
2/19/2044
|
2,671,830
(b)(d)(f)
|
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
|
10,449,233
|
Series 2021-B26, Class XA, 0.82%, due 6/15/2054
|
294,873
(c)(e)
|
|
|
|
1,079,000
|
Series 2023-V2, Class C, 6.77%, due 5/15/2055
|
1,080,410
(c)
|
|
|
|
796,000
|
Series 2023-V3, Class C, 7.17%, due 7/15/2056
|
791,774
(c)
|
|
|
|
1,038,000
|
Series 2026-V20, Class C, 5.44%, due 2/15/2059
|
1,004,081
|
|
|
|
970,000
|
Series 2026-V21, Class C, 6.01%, due 3/15/2059
|
947,384
|
|
|
|
812,000
|
BLP Commercial Mortgage Trust, Series 2025-IND2, Class C, (1 mo. USD Term SOFR +
2.05%), 5.73%, due 12/15/2042
|
814,031
(b)(d)
|
|
|
|
452,096
|
BX Commercial Mortgage Trust, Series 2026-XL6, Class C, (1 mo. USD Term SOFR +
1.60%), 5.28%, due 3/15/2043
|
453,791
(b)(d)
|
|
|
|
|
BX Trust
|
|
|
|
|
1,788,136
|
Series 2025-ROIC, Class C, (1 mo. USD Term SOFR + 1.54%), 5.22%, due 3/15/2030
|
1,782,595
(b)(d)
|
|
|
|
2,251,000
|
Series 2026-OPTM, Class C, (1 mo. USD Term SOFR + 1.60%), 5.28%, due 3/15/2039
|
2,232,729
(b)(d)
|
|
|
|
1,697,000
|
Series 2026-RISE, Class C, (1 mo. USD Term SOFR + 1.65%), 5.33%, due 4/15/2041
|
1,700,714
(b)(d)
|
|
|
|
1,840,321
|
Series 2024-VLT4, Class C, (1 mo. USD Term SOFR + 2.14%), 5.82%, due 6/15/2041
|
1,839,746
(b)(d)
|
|
|
|
1,730,000
|
Series 2019-OC11, Class C, 3.86%, due 12/9/2041
|
1,635,102
(b)
|
|
|
|
1,667,000
|
Series 2025-GW, Class C, (1 mo. USD Term SOFR + 2.10%), 5.78%, due 7/15/2042
|
1,673,251
(b)(d)
|
|
|
|
1,657,000
|
Series 2025-ARIA, Class C, 5.52%, due 12/13/2042
|
1,639,238
(b)(c)
|
|
|
|
1,703,000
|
Series 2025-VLT7, Class C, (1 mo. USD Term SOFR + 2.35%), 6.03%, due 7/15/2044
|
1,702,998
(b)(d)
|
|
|
|
2,440,000
|
Series 2025-VOLT, Class C, (1 mo. USD Term SOFR + 2.35%), 6.03%, due 12/15/2044
|
2,433,897
(b)(d)
|
|
|
|
2,701,000
|
CHI Commercial Mortgage Trust, Series 2025-110W, Class C, 5.84%, due 12/13/2040
|
2,647,910
(b)(c)
|
|
|
|
659,000
|
Citigroup Commercial Mortgage Trust, Series 2026-MFAM1, Class B, 6.09%, due 7/15/2059
|
668,229
(c)
|
|
|
|
1,469,000
|
COMM Mortgage Trust, Series 2024-CBM, Class C, 7.15%, due 12/10/2041
|
1,485,979
(b)(c)
|
|
|
|
1,069,000
|
ESTN Trust, Series 2026-TOWN, Class C, 5.75%, due 5/12/2046
|
1,062,205
(b)(c)
|
|
|
|
2,124,000
|
Fashion Show Mall LLC, Series 2024-SHOW, Class A, 5.10%, due 10/10/2041
|
2,118,970
(b)(c)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
$
|
2,300,000
|
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk, Series 2026-MN14,
Class M1, (30 day USD SOFR Average + 1.70%), 5.32%, due 6/25/2046
|
$2,303,473
(b)(d)
|
|
|
|
|
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
|
|
|
|
|
19,125,980
|
Series KW03, Class X1, 0.76%, due 6/25/2027
|
85,244
(c)(e)
|
|
|
|
2,485,737
|
Series K512, Class A2, 5.00%, due 11/25/2028
|
2,502,406
|
|
|
|
63,186,000
|
Series K088, Class XAM, 0.42%, due 1/25/2029
|
661,918
(c)(e)
|
|
|
|
2,947,374
|
Series K088, Class A2, 3.69%, due 1/25/2029
|
2,884,240
|
|
|
|
22,149,826
|
Series K090, Class X1, 0.70%, due 2/25/2029
|
364,816
(c)(e)
|
|
|
|
10,000,000
|
Series K098, Class XAM, 1.39%, due 8/25/2029
|
374,303
(c)(e)
|
|
|
|
4,916,000
|
Series K540, Class A2, 4.51%, due 2/25/2030
|
4,887,495
(c)
|
|
|
|
3,342,000
|
Series K110, Class A2, 1.48%, due 4/25/2030
|
2,997,132
|
|
|
|
4,726,000
|
Series K547, Class A2, 4.42%, due 5/25/2030
|
4,685,231
(c)
|
|
|
|
1,550,000
|
Series K544, Class A2, 4.27%, due 7/25/2030
|
1,526,115
(c)
|
|
|
|
2,983,000
|
Series K117, Class A2, 1.41%, due 8/25/2030
|
2,633,351
|
|
|
|
2,351,000
|
Series K548, Class A2, 4.32%, due 9/25/2030
|
2,318,263
(c)
|
|
|
|
2,906,000
|
Series K554, Class A2, 4.22%, due 12/25/2030
|
2,850,349
(c)
|
|
|
|
1,680,000
|
Series K128, Class A2, 2.02%, due 3/25/2031
|
1,501,275
|
|
|
|
2,208,000
|
Series K-1512, Class A2, 2.99%, due 5/25/2031
|
2,055,642
|
|
|
|
3,342,000
|
Series K135, Class A2, 2.15%, due 10/25/2031
|
2,950,721
(c)
|
|
|
|
2,055,188
|
Series K760, Class A2, 4.55%, due 1/25/2032
|
2,034,481
(c)
|
|
|
|
3,732,000
|
Series K145, Class A2, 2.58%, due 5/25/2032
|
3,323,768
|
|
|
|
5,691,000
|
Series K762, Class A2, 4.36%, due 9/25/2032
|
5,560,384
(c)
|
|
|
|
5,660,000
|
Series K-159, Class A2, 4.50%, due 7/25/2033
|
5,536,738
(c)
|
|
|
|
2,870,000
|
Series K-171, Class A2, 4.40%, due 6/25/2035
|
2,757,015
(c)
|
|
|
|
5,498,000
|
Series K-172, Class A2, 4.58%, due 8/25/2035
|
5,348,471
(c)
|
|
|
|
5,732,000
|
Series K-173, Class A2, 4.60%, due 9/25/2035
|
5,580,896
(c)
|
|
|
|
6,055,000
|
Series K-175, Class A2, 4.42%, due 10/25/2035
|
5,812,854
(c)
|
|
|
|
3,000,000
|
Series K-174, Class A2, 4.53%, due 10/25/2035
|
2,905,057
(c)
|
|
|
|
3,041,000
|
Series K-176, Class A2, 4.39%, due 12/25/2035
|
2,910,987
(c)
|
|
|
|
5,415,000
|
Federal National Mortgage Association-ACES, Series 2025-M4, Class A2, 4.39%, due
8/25/2035
|
5,205,435
|
|
|
|
|
GS Mortgage Securities Trust
|
|
|
|
|
950,000
|
Series 2019-GC42, Class A4, 3.00%, due 9/10/2052
|
891,794
|
|
|
|
1,200,000
|
Series 2019-GSA1, Class A4, 3.05%, due 11/10/2052
|
1,130,463
|
|
|
|
|
Hudson Yards Mortgage Trust
|
|
|
|
|
1,274,000
|
Series 2025-SPRL, Class C, 5.95%, due 1/13/2040
|
1,290,666
(b)(c)
|
|
|
|
1,460,000
|
Series 2019-55HY, Class A, 2.94%, due 12/10/2041
|
1,358,483
(b)(c)
|
|
|
|
2,086,000
|
INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%),
5.93%, due 3/15/2042
|
2,084,697
(b)(d)
|
|
|
|
|
IP Mortgage Trust
|
|
|
|
|
554,000
|
Series 2025-IP, Class A, 5.25%, due 6/10/2042
|
553,445
(b)(c)
|
|
|
|
826,000
|
Series 2025-IP, Class C, 5.83%, due 6/10/2042
|
827,368
(b)(c)
|
|
|
|
|
JP Morgan Chase Commercial Mortgage Securities Trust
|
|
|
|
|
580,000
|
Series 2022-OPO, Class A, 3.02%, due 1/5/2039
|
494,450
(b)
|
|
|
|
736,000
|
Series 2022-OPO, Class B, 3.38%, due 1/5/2039
|
607,200
(b)
|
|
|
|
2,485,000
|
LBA Trust, Series 2026-LBA6, Class C, (1 mo. USD Term SOFR + 1.60%), 5.25%, due
7/15/2043
|
2,485,000
(b)(d)
|
|
|
|
1,396,000
|
LEX Trust, Series 2026-450, Class C, (1 mo. USD Term SOFR + 1.85%), 5.53%, due
3/15/2043
|
1,400,799
(b)(d)
|
|
|
|
2,880,000
|
MAD Commercial Mortgage Trust, Series 2025-11MD, Class C, 5.63%, due 10/15/2042
|
2,867,263
(b)(c)
|
|
|
|
1,529,000
|
Manhattan West Mortgage Trust, Series 2020-1MW, Class C, 2.34%, due 9/10/2039
|
1,478,510
(b)(c)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
|
|
NYC Commercial Mortgage Trust
|
|
|
|
$
|
958,000
|
Series 2025-3BP, Class C, (1 mo. USD Term SOFR + 1.89%), 5.57%, due 2/15/2042
|
$959,197
(b)(d)
|
|
|
|
1,040,000
|
Series 2025-300P, Class C, 5.47%, due 7/13/2042
|
1,020,780
(b)(c)
|
|
|
|
1,633,000
|
ONNI Commercial Mortgage Trust, Series 2024-APT, Class D, 7.00%, due 7/15/2039
|
1,648,711
(b)(c)
|
|
|
|
488,000
|
PRM Trust, Series 2025-PRM6, Class D, 5.68%, due 7/5/2033
|
484,205
(b)(c)
|
|
|
|
2,416,000
|
ROCK Trust, Series 2024-CNTR, Class A, 5.39%, due 11/13/2041
|
2,428,111
(b)
|
|
|
|
1,781,000
|
SLG Office Trust, Series 2026-OMA, Class D, 5.79%, due 4/15/2041
|
1,768,547
(b)(c)
|
|
|
|
|
WF-RBS Commercial Mortgage Trust
|
|
|
|
|
49,820
|
Series 2014-C22, Class XA, 0.24%, due 9/15/2057
|
1
(c)(e)
|
|
|
|
15,586
|
Series 2014-C22, Class AS, 4.07%, due 9/15/2057
|
15,275
(c)
|
|
|
|
|
|
149,335,316
|
|
|
Federal Home Loan Mortgage Corp. 8.9%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
590,440
|
2.00%, due 3/1/2051
|
470,653
|
|
|
|
8,926,060
|
2.50%, due 7/1/2050 - 10/1/2052
|
7,367,059
|
|
|
|
7,355,897
|
3.00%, due 2/1/2050 - 1/1/2053
|
6,306,312
|
|
|
|
4,292,398
|
3.50%, due 3/1/2046 - 9/1/2052
|
3,832,167
|
|
|
|
12,585,665
|
4.00%, due 8/1/2050 - 3/1/2054
|
11,516,176
|
|
|
|
11,228,777
|
4.50%, due 6/1/2039 - 11/1/2054
|
10,617,427
|
|
|
|
17,124,793
|
5.00%, due 3/1/2038 - 6/1/2056
|
16,603,192
|
|
|
|
27,876,373
|
5.50%, due 12/1/2050 - 4/1/2056
|
27,700,208
|
|
|
|
15,711,758
|
6.00%, due 12/1/2052 - 11/1/2055
|
15,951,747
|
|
|
|
933,471
|
6.50%, due 7/1/2053 - 2/1/2055
|
963,376
|
|
|
|
|
|
101,328,317
|
|
|
Federal National Mortgage Association 12.2%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
8,716,116
|
2.00%, due 9/1/2050 - 10/1/2052
|
6,869,272
|
|
|
|
19,956,393
|
2.50%, due 8/1/2050 - 1/1/2054
|
16,425,172
|
|
|
|
16,533,560
|
3.00%, due 1/1/2050 - 12/1/2052
|
14,175,102
|
|
|
|
15,315,744
|
3.50%, due 8/1/2043 - 11/1/2054
|
13,632,753
|
|
|
|
15,297,567
|
4.00%, due 6/1/2046 - 3/1/2055
|
13,992,109
|
|
|
|
17,800,749
|
4.50%, due 4/1/2034 - 3/1/2055
|
16,816,889
|
|
|
|
30,770,133
|
5.00%, due 6/1/2033 - 6/1/2056
|
29,856,528
|
|
|
|
20,726,842
|
5.50%, due 11/1/2052 - 10/1/2055
|
20,615,084
|
|
|
|
6,201,923
|
6.00%, due 5/1/2053 - 10/1/2054
|
6,300,292
|
|
|
|
570,054
|
6.50%, due 12/1/2053 - 1/1/2054
|
587,897
|
|
|
|
|
|
139,271,098
|
|
|
Government National Mortgage Association 1.6%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
6,231,148
|
4.50%, due 3/20/2052 - 12/20/2054
|
5,871,716
|
|
|
|
4,497,265
|
5.00%, due 9/20/2052 - 5/20/2055
|
4,374,427
|
|
|
|
8,019,770
|
5.50%, due 11/20/2052 - 1/20/2056
|
7,999,580
|
|
|
|
|
|
18,245,723
|
|
|
Total Mortgage-Backed Securities (Cost $488,389,206)
|
471,202,457
|
|||
|
Principal Amount
|
Value
|
|||||
|
Asset-Backed Securities 11.3%
|
|
|
|
|||
|
Automobiles 1.3%
|
|
|
|
|||
|
$
|
1,599,885
|
Ally Bank Auto Credit-Linked Notes, Series 2026-A, Class C, 4.86%, due 3/15/2034
|
$1,595,699
(b)
|
|||
|
|
|
Avis Budget Rental Car Funding AESOP LLC
|
|
|||
|
|
640,000
|
Series 2025-1A, Class B, 5.24%, due 8/20/2029
|
640,585
(b)
|
|||
|
|
1,205,000
|
Series 2025-4A, Class B, 4.77%, due 2/20/2032
|
1,168,099
(b)
|
|||
|
|
749,000
|
Bridgecrest Lending Auto Securitization Trust, Series 2025-4, Class C, 4.80%, due
8/15/2031
|
746,787
|
|||
|
|
1,011,000
|
Exeter Automobile Receivables Trust, Series 2025-1A, Class C, 5.09%, due 5/15/2031
|
1,016,085
|
|||
|
|
2,421,000
|
GLS Auto Receivables Issuer Trust, Series 2026-2A, Class C, 4.90%, due 1/15/2032
|
2,410,678
(b)
|
|||
|
|
|
GLS Auto Select Receivables Issuer Trust
|
|
|||
|
|
544,000
|
Series 2026-3A, Class C, 5.18%, due 10/15/2032
|
542,337
(b)
|
|||
|
|
559,000
|
Series 2026-3A, Class D, 5.55%, due 10/17/2033
|
556,789
(b)
|
|||
|
|
2,795,000
|
SCCU Auto Receivables Trust, Series 2025-1A, Class A3, 4.57%, due 1/15/2031
|
2,793,952
(b)
|
|||
|
|
774,922
|
U.S. Bank NA, Series 2026-RVM1, Class B1, 4.96%, due 12/25/2046
|
761,661
(b)
|
|||
|
|
|
Westlake Automobile Receivables Trust
|
|
|||
|
|
996,000
|
Series 2025-1A, Class C, 5.14%, due 10/15/2030
|
1,001,922
(b)
|
|||
|
|
1,682,000
|
Series 2025-2A, Class C, 4.85%, due 1/15/2031
|
1,681,896
(b)
|
|||
|
|
|
|
14,916,490
|
|||
|
Home Equity 0.4%
|
|
|
|
|||
|
|
6,119
|
Chase Funding Trust, Series 2004-1, Class 2A2, (1 mo. USD Term SOFR + 0.57%), 4.30%,
due 12/25/2033
|
5,969
(d)
|
|||
|
|
495,633
|
JP Morgan Mortgage Trust, Series 2024-HE1, Class A1, (30 day USD SOFR Average +
1.50%), 5.12%, due 8/25/2054
|
496,543
(b)(d)
|
|||
|
|
|
RCKT Mortgage Trust
|
|
|||
|
|
1,306,493
|
Series 2025-CES8, Class A1A, 5.15%, due 8/25/2055
|
1,299,264
(b)
|
|||
|
|
2,304,038
|
Series 2025-CES10, Class A1A, 4.89%, due 11/25/2055
|
2,280,471
(b)
|
|||
|
|
|
|
4,082,247
|
|||
|
Other 9.5%
|
|
|
|
|||
|
|
2,936,000
|
AASET Ltd., Series 2026-1A, Class A1, 5.65%, due 7/16/2051
|
2,935,987
(b)(g)
|
|||
|
|
4,550,000
|
AIMCO CLO, Series 2017-AA, Class AR2, (3 mo. USD Term SOFR + 1.14%), 4.87%, due
1/20/2038
|
4,542,194
(b)(d)
|
|||
|
|
1,000,000
|
Apidos CLO XXXIX Ltd., Series 2022-39A, Class A1R, (3 mo. USD Term SOFR + 1.23%),
4.96%, due 10/21/2038
|
1,000,795
(b)(d)
|
|||
|
|
|
Blue Stream Issuer LLC
|
|
|||
|
|
500,000
|
Series 2023-1A, Class A2, 5.40%, due 5/20/2053
|
500,834
(b)
|
|||
|
|
1,098,000
|
Series 2024-1A, Class A2, 5.41%, due 11/20/2054
|
1,098,612
(b)
|
|||
|
|
|
Business Jet Securities LLC
|
|
|||
|
|
1,010,334
|
Series 2024-1A, Class A, 6.20%, due 5/15/2039
|
1,019,496
(b)
|
|||
|
|
212,521
|
Series 2024-2A, Class A, 5.36%, due 9/15/2039
|
211,481
(b)
|
|||
|
|
1,433,740
|
Series 2026-1A, Class A, 5.46%, due 6/15/2041
|
1,426,260
(b)
|
|||
|
|
4,250,000
|
Canyon Capital CLO Ltd., Series 2022-2A, Class A1R, (3 mo. USD Term SOFR + 1.18%),
4.93%, due 4/15/2038
|
4,244,274
(b)(d)
|
|||
|
|
|
Castlelake Aircraft Structured Trust
|
|
|||
|
|
1,148,925
|
Series 2025-1A, Class A, 5.78%, due 2/15/2050
|
1,151,496
(b)
|
|||
|
|
758,683
|
Series 2026-2A, Class A, 5.33%, due 4/15/2051
|
748,653
(b)
|
|||
|
|
554,000
|
Cloud Capital Holdco LP, Series 2024-1A, Class A2, 5.78%, due 11/22/2049
|
552,806
(b)
|
|||
|
|
2,065,000
|
Compass Datacenters Issuer III LLC, Series 2026-1A, Class A21, 4.90%, due 2/25/2056
|
2,012,422
(b)
|
|||
|
|
|
Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC
|
|
|||
|
|
2,102,000
|
Series 2025-1A, Class A2, 6.00%, due 5/20/2055
|
2,120,957
(b)
|
|||
|
|
843,000
|
Series 2025-4A, Class A2, 5.52%, due 12/20/2055
|
842,367
(b)
|
|||
|
Principal Amount
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
|
|
CyrusOne Data Centers Issuer I LLC
|
|
|||
|
$
|
2,594,000
|
Series 2023-2A, Class A2, 5.56%, due 11/20/2048
|
$2,598,261
(b)
|
|||
|
|
346,000
|
Series 2024-1A, Class A2, 4.76%, due 3/22/2049
|
337,844
(b)
|
|||
|
|
1,430,000
|
Series 2024-3A, Class A2, 4.65%, due 5/20/2049
|
1,352,839
(b)
|
|||
|
|
|
Foundation Finance Trust
|
|
|||
|
|
959,301
|
Series 2024-2A, Class A, 4.60%, due 3/15/2050
|
948,020
(b)
|
|||
|
|
827,927
|
Series 2025-2A, Class A, 4.67%, due 4/15/2052
|
817,756
(b)
|
|||
|
|
1,000,000
|
Galaxy 36 CLO Ltd., Series 2025-36A, Class A1, (3 mo. USD Term SOFR + 1.23%), 4.98%,
due 10/15/2038
|
1,000,770
(b)(d)
|
|||
|
|
3,000,000
|
GreenSky Home Improvement Issuer Trust, Series 2026-REV1, Class A, 4.93%, due
5/15/2041
|
2,991,190
(b)
|
|||
|
|
1,000,000
|
HalseyPoint CLO 5 Ltd., Series 2021-5A, Class A1A, (3 mo. USD Term SOFR + 1.47%),
5.31%, due 1/30/2035
|
1,000,383
(b)(d)
|
|||
|
|
|
Hilton Grand Vacations Trust
|
|
|||
|
|
687,334
|
Series 2022-2A, Class A, 4.30%, due 1/25/2037
|
681,911
(b)
|
|||
|
|
254,499
|
Series 2024-1B, Class A, 5.75%, due 9/15/2039
|
257,864
(b)
|
|||
|
|
1,625,623
|
Series 2026-1A, Class B, 5.01%, due 2/25/2043
|
1,615,180
(b)
|
|||
|
|
464,372
|
Series 2025-2A, Class C, 5.12%, due 5/25/2044
|
461,811
(b)
|
|||
|
|
2,400,000
|
Honey Hill Park CLO Ltd., Series 2026-1A, Class A1, (3 mo. USD Term SOFR + 1.15%),
4.87%, due 4/24/2039
|
2,398,800
(b)(d)
|
|||
|
|
1,431,000
|
Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035
|
1,435,663
(b)
|
|||
|
|
2,390,000
|
Lightpath Fiber Issuer LLC, Series 2026-1A, Class A2, 5.60%, due 3/25/2056
|
2,367,219
(b)
|
|||
|
|
2,398,662
|
Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, 5.60%, due 9/20/2065
|
2,406,277
(b)
|
|||
|
|
900,000
|
Magnetite XXIV Ltd., Series 2019-24A, Class AR, (3 mo. USD Term SOFR + 1.31%), 5.06%,
due 4/15/2035
|
900,031
(b)(d)
|
|||
|
|
|
MetroNet Infrastructure Issuer LLC
|
|
|||
|
|
2,325,000
|
Series 2025-2A, Class A2, 5.40%, due 8/20/2055
|
2,321,423
(b)
|
|||
|
|
779,000
|
Series 2025-4A, Class A2, 5.16%, due 12/20/2055
|
766,212
(b)
|
|||
|
|
3,000,000
|
Morgan Stanley Eaton Vance CLO Ltd., Series 2025-21A, Class A1, (3 mo. USD Term SOFR
+
1.17%), 4.92%, due 4/15/2038
|
2,994,961
(b)(d)
|
|||
|
|
3,033,000
|
MTP ABS Funding LLC, Series 2026-1A, Class A2, 5.20%, due 4/25/2056
|
2,999,722
(b)
|
|||
|
|
|
MVW LLC
|
|
|||
|
|
290,882
|
Series 2021-2A, Class A, 1.43%, due 5/20/2039
|
277,990
(b)
|
|||
|
|
295,724
|
Series 2021-2A, Class B, 1.83%, due 5/20/2039
|
282,476
(b)
|
|||
|
|
1,045,673
|
Series 2023-1A, Class A, 4.93%, due 10/20/2040
|
1,046,448
(b)
|
|||
|
|
985,966
|
Series 2024-2A, Class A, 4.43%, due 3/20/2042
|
977,486
(b)
|
|||
|
|
497,463
|
Series 2025-1A, Class B, 5.21%, due 9/22/2042
|
497,170
(b)
|
|||
|
|
404,805
|
Series 2025-1A, Class C, 5.75%, due 9/22/2042
|
404,979
(b)
|
|||
|
|
674,149
|
Series 2024-1A, Class A, 5.32%, due 2/20/2043
|
680,092
(b)
|
|||
|
|
1,762,122
|
Series 2026-1A, Class B, 4.97%, due 3/20/2043
|
1,739,814
(b)
|
|||
|
|
956,860
|
Series 2025-2A, Class C, 4.97%, due 10/20/2044
|
934,868
(b)
|
|||
|
|
1,200,000
|
Ocean Trails CLO XV Ltd., Series 2024-15A, Class AR, (3 mo. USD Term SOFR + 1.26%),
5.01%, due 1/15/2039
|
1,201,454
(b)(d)
|
|||
|
|
1,000,000
|
OCP CLO Ltd., Series 2020-8RA, Class AR2, (3 mo. USD Term SOFR + 1.22%), 4.97%, due
10/17/2038
|
1,000,116
(b)(d)
|
|||
|
|
1,616,000
|
OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, due 9/15/2036
|
1,630,603
(b)
|
|||
|
|
2,127,000
|
Oryx Funding LLC, Series 2026-1A, Class A2, 6.30%, due 6/5/2056
|
2,113,933
(b)
|
|||
|
|
1,282,534
|
PK ALIFT Loan Funding 6 LP, Series 2025-1, Class A, 5.37%, due 11/15/2042
|
1,281,562
(b)
|
|||
|
|
|
PK ALIFT Loan Funding 9 LP
|
|
|||
|
|
1,751,000
|
Series 2026-2, Class A, 5.22%, due 2/15/2044
|
1,750,994
(b)(f)(g)
|
|||
|
|
1,341,000
|
Series 2026-2, Class B, 5.38%, due 2/15/2044
|
1,340,981
(b)(f)(g)
|
|||
|
Principal Amount
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
|
|
QTS Issuer ABS II LLC
|
|
|||
|
$
|
320,481
|
Series 2025-1A, Class A2, 5.04%, due 10/5/2055
|
$310,027
(b)
|
|||
|
|
2,305,000
|
Series 2026-4A, Class A2, 5.70%, due 3/5/2056
|
2,270,034
(b)
|
|||
|
|
505,000
|
Series 2026-5A, Class A2, 6.18%, due 3/6/2056
|
502,642
(b)
|
|||
|
|
2,700,000
|
RR 43 Ltd., Series 2026-43A, Class A1A, (3 mo. USD Term SOFR + 1.20%), 4.85%, due
10/15/2039
|
2,699,509
(b)(d)
|
|||
|
|
|
Sierra Timeshare Receivables Funding LLC
|
|
|||
|
|
336,477
|
Series 2023-2A, Class A, 5.80%, due 4/20/2040
|
341,276
(b)
|
|||
|
|
250,131
|
Series 2023-3A, Class A, 6.10%, due 9/20/2040
|
254,992
(b)
|
|||
|
|
493,306
|
Series 2024-2A, Class B, 5.29%, due 6/20/2041
|
494,258
(b)
|
|||
|
|
1,282,651
|
Series 2024-1A, Class A, 5.15%, due 1/20/2043
|
1,286,938
(b)
|
|||
|
|
727,000
|
Series 2026-2A, Class C, 5.63%, due 5/20/2043
|
726,597
(b)
|
|||
|
|
547,593
|
Series 2025-3A, Class B, 4.64%, due 8/22/2044
|
540,542
(b)
|
|||
|
|
212,953
|
Series 2025-3A, Class C, 4.98%, due 8/22/2044
|
209,039
(b)
|
|||
|
|
4,000,000
|
Sixth Street CLO XVII Ltd., Series 2021-17A, Class A1R, (3 mo. USD Term SOFR + 1.15%),
4.90%, due 4/17/2038
|
3,994,012
(b)(d)
|
|||
|
|
1,388,000
|
SoFi Consumer Loan Program Trust, Series 2026-2, Class C, 5.02%, due 3/25/2036
|
1,373,250
(b)
|
|||
|
|
2,254,000
|
Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, due 10/25/2048
|
2,256,324
(b)
|
|||
|
|
2,249,000
|
Summit Issuer LLC, Series 2025-1A, Class A2, 5.21%, due 11/20/2055
|
2,212,725
(b)
|
|||
|
|
1,653,000
|
Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, due 11/15/2027
|
1,661,490
(b)
|
|||
|
|
1,000,000
|
Trestles CLO V Ltd., Series 2021-5AR, Class A1R2, (3 mo. USD Term SOFR + 1.24%), 4.90%,
due 7/20/2039
|
1,000,000
(b)(d)
|
|||
|
|
4,100,000
|
Trestles CLO VI Ltd., Series 2023-6A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 4.99%,
due 4/25/2038
|
4,094,351
(b)(d)
|
|||
|
|
2,427,000
|
Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class A2, 5.88%, due 4/20/2055
|
2,445,859
(b)
|
|||
|
|
3,316,000
|
Vantage Data Centers LLC, Series 2025-1A, Class A2, 5.13%, due 8/15/2055
|
3,232,527
(b)
|
|||
|
|
650,505
|
Volofin Finance DAC, Series 2024-1A, Class A, 5.94%, due 6/15/2037
|
652,907
(b)
|
|||
|
|
890,033
|
Willis Engine Structured Trust VIII, Series 2025-A, Class A, 5.58%, due 6/15/2050
|
885,106
(b)
|
|||
|
|
1,173,000
|
Wireless PropCo Funding LLC, Series 2025-1A, Class A2, 4.07%, due 6/25/2055
|
1,108,704
(b)
|
|||
|
|
|
|
108,776,846
|
|||
|
Telecommunications 0.1%
|
|
|
|
|||
|
|
634,000
|
Crown Castle Towers LLC, 4.24%, due 7/15/2048
|
626,612
(b)
|
|||
|
Total Asset-Backed Securities (Cost $128,903,324)
|
128,402,195
|
|||||
|
|
||||||
|
Corporate Bonds 28.0%
|
||||||
|
Advertising 0.2%
|
|
|||||
|
|
1,995,000
|
WPP LLC, 6.50%, due 3/30/2036
|
1,939,375
|
|||
|
Aerospace & Defense 0.6%
|
|
|||||
|
|
4,379,000
|
Boeing Co., 5.04%, due 5/1/2027
|
4,391,908
|
|||
|
|
|
Honeywell Aerospace, Inc.
|
|
|||
|
|
1,545,000
|
4.95%, due 3/16/2036
|
1,489,359
(b)
|
|||
|
|
1,140,000
|
5.73%, due 3/16/2056
|
1,085,809
(b)
|
|||
|
|
|
|
6,967,076
|
|||
|
Agriculture 0.3%
|
|
|||||
|
|
2,845,000
|
Imperial Brands Finance PLC, 5.50%, due 2/1/2030
|
2,884,021
(b)
|
|||
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Airlines 0.1%
|
|
|||
|
$
|
1,388,566
|
United Airlines Pass-Through Trust, Class A, 5.88%, due 4/15/2029
|
$1,402,555
|
|
|
Auto Manufacturers 0.6%
|
|
|||
|
|
3,210,000
|
General Motors Co., 6.80%, due 10/1/2027
|
3,277,514
|
|
|
|
3,260,000
|
Stellantis Finance U.S., Inc., 6.45%, due 3/18/2035
|
3,173,973
(b)
|
|
|
|
|
|
6,451,487
|
|
|
Banks 6.0%
|
|
|||
|
|
1,595,000
|
Bank of America Corp., (Secured Overnight Financing Rate + 0.83%), 4.50%, due 1/24/2029
|
1,599,637
(d)
|
|
|
|
|
Barclays PLC
|
|
|
|
|
390,000
|
4.22%, due 5/24/2030
|
381,307
(h)
|
|
|
|
1,065,000
|
4.91%, due 6/26/2030
|
1,059,332
(h)
|
|
|
|
2,285,000
|
4.52%, due 2/24/2032
|
2,208,313
(h)
|
|
|
|
1,725,000
|
5.10%, due 6/26/2032
|
1,703,048
(h)
|
|
|
|
1,415,000
|
5.59%, due 6/26/2037
|
1,380,714
(h)
|
|
|
|
|
BPCE SA
|
|
|
|
|
1,175,000
|
5.18%, due 6/2/2032
|
1,161,364
(b)(h)
|
|
|
|
455,000
|
5.77%, due 6/2/2037
|
446,361
(b)(h)
|
|
|
|
1,595,000
|
Citigroup, Inc., (Secured Overnight Financing Rate + 1.14%), 4.77%, due 5/7/2028
|
1,601,515
(d)
|
|
|
|
|
Fifth Third Bancorp
|
|
|
|
|
2,755,000
|
4.57%, due 4/29/2032
|
2,677,116
(h)
|
|
|
|
1,730,000
|
5.14%, due 1/29/2037
|
1,662,170
(h)
|
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate + 0.71%), 4.37%, due 1/21/2029
|
1,595,753
(d)
|
|
|
|
1,760,000
|
5.24%, due 7/21/2032
|
1,756,539
(h)
|
|
|
|
1,470,000
|
5.54%, due 1/21/2047
|
1,353,719
(h)
|
|
|
|
1,345,000
|
HSBC Holdings PLC, 6.00%, due 5/22/2027
|
1,349,412
(h)(i)
|
|
|
|
|
Intesa Sanpaolo SpA
|
|
|
|
|
2,420,000
|
5.00%, due 6/29/2030
|
2,409,192
(b)(h)
|
|
|
|
1,650,000
|
5.20%, due 6/29/2032
|
1,631,509
(b)(h)
|
|
|
|
3,365,000
|
6.01%, due 6/29/2037
|
3,302,224
(b)(h)
|
|
|
|
|
JPMorgan Chase & Co.
|
|
|
|
|
1,590,000
|
(Secured Overnight Financing Rate + 0.82%), 4.49%, due 4/23/2030
|
1,591,281
(d)
|
|
|
|
1,185,000
|
4.26%, due 10/22/2031
|
1,147,759
(h)
|
|
|
|
3,580,000
|
4.62%, due 4/23/2032
|
3,502,219
(h)
|
|
|
|
3,210,000
|
5.50%, due 1/24/2036
|
3,214,583
(h)
|
|
|
|
4,260,000
|
Landwirtschaftliche Rentenbank, 4.13%, due 6/3/2031
|
4,200,696
|
|
|
|
|
Morgan Stanley
|
|
|
|
|
2,295,000
|
3.63%, due 1/20/2027
|
2,289,280
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate + 1.02%), 4.68%, due 4/13/2028
|
1,599,752
(d)
|
|
|
|
1,745,000
|
5.17%, due 7/14/2032
|
1,738,413
(h)
|
|
|
|
4,250,000
|
5.30%, due 4/10/2037
|
4,124,498
(h)
|
|
|
|
2,284,000
|
NatWest Group PLC, 5.12%, due 5/23/2031
|
2,281,436
(h)
|
|
|
|
|
PNC Financial Services Group, Inc.
|
|
|
|
|
2,165,000
|
5.58%, due 1/29/2036
|
2,174,569
(h)
|
|
|
|
3,665,000
|
5.42%, due 1/25/2041
|
3,512,885
(h)
|
|
|
|
1,600,000
|
U.S. Bank NA, (Secured Overnight Financing Rate + 0.66%), 4.30%, due 5/20/2029
|
1,602,869
(d)
|
|
|
|
1,265,000
|
UBS AG, 5.65%, due 9/11/2028
|
1,292,139
|
|
|
|
|
Wells Fargo & Co.
|
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate + 0.72%), 4.36%, due 5/20/2029
|
1,595,829
(d)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Banks – cont'd
|
|
|||
|
$
|
2,895,000
|
5.50%, due 1/23/2035
|
$2,900,849
(h)
|
|
|
|
|
|
68,048,282
|
|
|
Beverages 0.4%
|
|
|||
|
|
985,000
|
Anheuser-Busch InBev Worldwide, Inc., 4.95%, due 1/15/2042
|
897,955
|
|
|
|
|
Maple Parent Holdings Corp.
|
|
|
|
|
475,000
|
4.75%, due 3/26/2029
|
473,105
(b)
|
|
|
|
1,425,000
|
5.05%, due 3/26/2031
|
1,413,078
(b)
|
|
|
|
1,688,000
|
PepsiCo, Inc., 4.65%, due 7/23/2032
|
1,677,029
|
|
|
|
|
|
4,461,167
|
|
|
Chemicals 0.8%
|
|
|||
|
|
2,110,000
|
Dow Chemical Co., 5.95%, due 3/15/2055
|
1,904,162
|
|
|
|
|
LYB International Finance III LLC
|
|
|
|
|
900,000
|
4.20%, due 10/15/2049
|
631,764
|
|
|
|
2,675,000
|
3.63%, due 4/1/2051
|
1,709,834
|
|
|
|
1,585,000
|
Mosaic Co., 4.60%, due 11/15/2030
|
1,556,261
|
|
|
|
|
Westlake Corp.
|
|
|
|
|
885,000
|
5.55%, due 11/15/2035
|
858,929
|
|
|
|
2,190,000
|
6.38%, due 11/15/2055
|
2,068,975
|
|
|
|
|
|
8,729,925
|
|
|
Cosmetics - Personal Care 0.3%
|
|
|||
|
|
|
Kenvue, Inc.
|
|
|
|
|
1,705,000
|
5.05%, due 3/22/2053
|
1,477,523
|
|
|
|
1,690,000
|
5.20%, due 3/22/2063
|
1,452,383
|
|
|
|
|
|
2,929,906
|
|
|
Diversified Financial Services 0.5%
|
|
|||
|
|
|
Stellantis Financial Services U.S. Corp.
|
|
|
|
|
2,730,000
|
4.95%, due 9/15/2028
|
2,710,333
(b)
|
|
|
|
3,615,000
|
5.40%, due 9/15/2030
|
3,517,344
(b)
|
|
|
|
|
|
6,227,677
|
|
|
Electric 2.3%
|
|
|||
|
|
2,490,000
|
Consolidated Edison Co. of New York, Inc., 5.88%, due 6/15/2056
|
2,368,888
|
|
|
|
1,385,000
|
Dominion Energy, Inc., 5.00%, due 6/15/2030
|
1,387,046
|
|
|
|
1,600,000
|
Duke Energy Carolinas LLC, 5.75%, due 6/15/2056
|
1,516,045
|
|
|
|
3,010,000
|
Duke Energy Corp., 5.70%, due 9/15/2055
|
2,736,622
|
|
|
|
265,000
|
Duke Energy Indiana LLC, 4.95%, due 3/15/2036
|
254,943
|
|
|
|
430,000
|
Entergy Mississippi LLC, 5.05%, due 4/15/2036
|
413,358
|
|
|
|
930,000
|
Exelon Corp., 4.05%, due 4/15/2030
|
900,508
|
|
|
|
|
ITC Holdings Corp.
|
|
|
|
|
1,145,000
|
4.88%, due 4/15/2031
|
1,131,226
(b)
|
|
|
|
955,000
|
5.50%, due 4/15/2036
|
942,908
(b)
|
|
|
|
800,000
|
Jersey Central Power & Light Co., 5.10%, due 1/15/2035
|
781,889
|
|
|
|
1,115,000
|
Massachusetts Electric Co., 6.24%, due 7/20/2056
|
1,085,280
(b)
|
|
|
|
1,980,000
|
National Grid PLC, 5.42%, due 1/11/2034
|
1,977,446
|
|
|
|
1,605,000
|
NextEra Energy Capital Holdings, Inc., 4.90%, due 2/28/2028
|
1,612,195
|
|
|
|
|
NRG Energy, Inc.
|
|
|
|
|
1,050,000
|
4.73%, due 10/15/2030
|
1,024,992
(b)
|
|
|
|
705,000
|
5.41%, due 10/15/2035
|
674,828
(b)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Electric – cont'd
|
|
|||
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
$
|
1,596,429
|
4.95%, due 7/1/2050
|
$1,287,949
|
|
|
|
1,415,000
|
6.10%, due 10/15/2055
|
1,319,204
|
|
|
|
|
Pinnacle West Capital Corp.
|
|
|
|
|
1,697,000
|
4.90%, due 5/15/2028
|
1,702,093
|
|
|
|
1,030,000
|
5.15%, due 5/15/2030
|
1,034,154
|
|
|
|
880,000
|
Public Service Enterprise Group, Inc., 4.90%, due 3/15/2030
|
877,399
|
|
|
|
770,000
|
Southern California Edison Co., 2.50%, due 6/1/2031
|
681,159
|
|
|
|
|
|
25,710,132
|
|
|
Electronics 0.4%
|
|
|||
|
|
|
Amphenol Corp.
|
|
|
|
|
3,200,000
|
4.40%, due 2/15/2033
|
3,069,336
|
|
|
|
1,335,000
|
5.30%, due 11/15/2055
|
1,204,440
|
|
|
|
|
|
4,273,776
|
|
|
Food 0.1%
|
|
|||
|
|
925,000
|
JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings, 5.95%, due
4/20/2035
|
934,544
|
|
|
Gas 0.2%
|
|
|||
|
|
2,030,000
|
Southern Co. Gas Capital Corp., 1.75%, due 1/15/2031
|
1,776,807
|
|
|
Hand - Machine Tools 0.1%
|
|
|||
|
|
1,635,000
|
Kennametal, Inc., 5.80%, due 5/28/2036
|
1,617,003
|
|
|
Healthcare - Products 0.4%
|
|
|||
|
|
|
Abbott Laboratories
|
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate Index + 0.50%), 4.15%, due 3/9/2029
|
1,596,669
(d)
|
|
|
|
2,135,000
|
4.65%, due 3/15/2036
|
2,028,146
|
|
|
|
1,010,000
|
5.50%, due 3/15/2056
|
941,273
|
|
|
|
525,000
|
GE HealthCare Technologies, Inc., 4.80%, due 8/14/2029
|
525,352
|
|
|
|
|
|
5,091,440
|
|
|
Healthcare - Services 0.3%
|
|
|||
|
|
2,400,000
|
Cigna Group, 5.25%, due 1/15/2036
|
2,353,397
|
|
|
|
1,065,000
|
HCA, Inc., 5.45%, due 4/1/2031
|
1,078,418
|
|
|
|
|
|
3,431,815
|
|
|
Internet 3.5%
|
|
|||
|
|
|
Alphabet, Inc.
|
|
|
|
|
2,540,000
|
4.10%, due 11/15/2030
|
2,468,948
|
|
|
|
2,300,000
|
5.45%, due 11/15/2055
|
2,044,148
|
|
|
|
800,000
|
5.30%, due 5/15/2065
|
677,681
|
|
|
|
2,175,000
|
5.70%, due 11/15/2075
|
1,926,973
|
|
|
|
|
Amazon.com, Inc.
|
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate Index + 0.58%), 4.24%, due 7/9/2029
|
1,601,252
(d)
|
|
|
|
2,295,000
|
4.25%, due 3/13/2031
|
2,226,205
|
|
|
|
1,680,000
|
4.80%, due 7/9/2031
|
1,664,063
|
|
|
|
1,310,000
|
4.55%, due 3/13/2033
|
1,265,626
|
|
|
|
1,890,000
|
4.88%, due 3/13/2036
|
1,808,835
|
|
|
|
3,620,000
|
6.10%, due 7/9/2056
|
3,476,729
|
|
|
|
1,440,000
|
5.95%, due 3/13/2066
|
1,324,195
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Internet – cont'd
|
|
|||
|
$
|
790,000
|
6.25%, due 7/9/2066
|
$757,247
|
|
|
|
5,170,000
|
Beignet Investor LLC, 6.58%, due 5/30/2049
|
5,012,126
(b)
|
|
|
|
|
Meta Platforms, Inc.
|
|
|
|
|
1,710,000
|
4.60%, due 11/15/2032
|
1,646,050
|
|
|
|
1,505,000
|
5.25%, due 5/15/2036
|
1,442,946
|
|
|
|
4,090,000
|
5.50%, due 11/15/2045
|
3,537,964
|
|
|
|
3,705,000
|
5.63%, due 11/15/2055
|
3,098,733
|
|
|
|
1,965,000
|
6.30%, due 5/15/2056
|
1,803,320
|
|
|
|
2,260,000
|
5.75%, due 11/15/2065
|
1,863,589
|
|
|
|
|
|
39,646,630
|
|
|
Machinery - Construction & Mining 0.4%
|
|
|||
|
|
1,595,000
|
Caterpillar Financial Services Corp., (Secured Overnight Financing Rate + 0.52%),
4.17%,
due 3/3/2028
|
1,598,015
(d)
|
|
|
|
|
GE Vernova, Inc.
|
|
|
|
|
1,070,000
|
4.25%, due 2/4/2031
|
1,043,309
|
|
|
|
1,339,000
|
5.50%, due 2/4/2056
|
1,234,791
|
|
|
|
515,000
|
Vertiv Holdings Co., 5.80%, due 3/15/2056
|
473,758
|
|
|
|
|
|
4,349,873
|
|
|
Machinery - Diversified 0.2%
|
|
|||
|
|
1,195,000
|
Flowserve Corp., 5.70%, due 5/15/2036
|
1,168,191
|
|
|
|
1,595,000
|
John Deere Capital Corp., (Secured Overnight Financing Rate + 0.50%), 4.15%, due
3/6/2028
|
1,597,348
(d)
|
|
|
|
|
|
2,765,539
|
|
|
Media 0.9%
|
|
|||
|
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital
|
|
|
|
|
1,705,000
|
5.85%, due 12/1/2035
|
1,592,090
|
|
|
|
1,890,000
|
3.50%, due 6/1/2041
|
1,278,769
|
|
|
|
575,000
|
4.80%, due 3/1/2050
|
402,193
|
|
|
|
1,074,000
|
6.70%, due 12/1/2055
|
947,887
|
|
|
|
1,580,000
|
Comcast Corp., 2.94%, due 11/1/2056
|
798,113
|
|
|
|
|
Space Exploration Technologies Corp.
|
|
|
|
|
1,170,000
|
5.35%, due 7/15/2031
|
1,138,795
(b)
|
|
|
|
4,275,000
|
5.65%, due 7/15/2033
|
4,095,565
(b)
|
|
|
|
270,000
|
5.88%, due 7/15/2036
|
252,202
(b)
|
|
|
|
|
|
10,505,614
|
|
|
Miscellaneous Manufacturer 0.1%
|
|
|||
|
|
|
Eaton Corp.
|
|
|
|
|
715,000
|
4.80%, due 3/6/2036
|
685,292
|
|
|
|
765,000
|
5.45%, due 3/6/2056
|
710,184
|
|
|
|
|
|
1,395,476
|
|
|
Multi-National 1.4%
|
|
|||
|
|
1,880,000
|
Corp. Andina de Fomento, 4.63%, due 1/15/2036
|
1,812,997
|
|
|
|
4,350,000
|
European Bank for Reconstruction & Development, 4.25%, due 5/29/2031
|
4,311,651
|
|
|
|
1,165,000
|
Inter-American Development Bank, 4.25%, due 8/11/2031
|
1,154,271
|
|
|
|
5,485,000
|
Inter-American Investment Corp., 4.38%, due 5/28/2031
|
5,455,982
|
|
|
|
3,445,000
|
International Finance Corp., 4.25%, due 7/14/2031
|
3,415,622
|
|
|
|
|
|
16,150,523
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Office - Business Equipment 0.1%
|
|
|||
|
$
|
798,000
|
CDW LLC/CDW Finance Corp., 2.67%, due 12/1/2026
|
$793,103
|
|
|
Oil & Gas 0.1%
|
|
|||
|
|
1,595,000
|
Chevron USA, Inc., (Secured Overnight Financing Rate + 0.57%), 4.20%, due 8/13/2028
|
1,603,458
(d)
|
|
|
Oil & Gas Services 0.3%
|
|
|||
|
|
|
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.
|
|
|
|
|
1,800,000
|
5.00%, due 6/15/2036
|
1,727,787
|
|
|
|
1,840,000
|
5.85%, due 6/15/2056
|
1,737,141
|
|
|
|
|
|
3,464,928
|
|
|
Pharmaceuticals 1.3%
|
|
|||
|
|
|
AbbVie, Inc.
|
|
|
|
|
1,595,000
|
(Secured Overnight Financing Rate Index + 0.48%), 4.13%, due 3/3/2028
|
1,596,859
(d)
|
|
|
|
1,770,000
|
5.55%, due 3/15/2056
|
1,651,439
|
|
|
|
|
CVS Health Corp.
|
|
|
|
|
2,190,000
|
3.00%, due 8/15/2026
|
2,188,700
|
|
|
|
520,000
|
5.13%, due 7/20/2045
|
451,921
|
|
|
|
1,625,000
|
Eli Lilly & Co., (Secured Overnight Financing Rate Index + 0.35%), 3.99%, due 5/20/2028
|
1,628,006
(d)
|
|
|
|
|
Merck & Co., Inc.
|
|
|
|
|
1,625,000
|
(Secured Overnight Financing Rate + 0.37%), 4.01%, due 5/22/2028
|
1,625,149
(d)
|
|
|
|
1,765,000
|
4.45%, due 12/4/2032
|
1,717,326
|
|
|
|
1,340,000
|
5.50%, due 3/15/2046
|
1,265,308
|
|
|
|
1,670,000
|
Novartis Capital Corp., (Secured Overnight Financing Rate + 0.52%), 4.15%, due 11/5/2028
|
1,675,010
(d)
|
|
|
|
1,605,000
|
Pfizer, Inc., (Secured Overnight Financing Rate + 0.50%), 4.13%, due 11/15/2027
|
1,609,191
(d)
|
|
|
|
|
|
15,408,909
|
|
|
Pipelines 0.7%
|
|
|||
|
|
|
Enbridge, Inc.
|
|
|
|
|
305,000
|
5.30%, due 4/5/2029
|
309,016
|
|
|
|
1,845,000
|
5.63%, due 4/5/2034
|
1,866,901
|
|
|
|
|
Energy Transfer LP
|
|
|
|
|
830,000
|
6.13%, due 12/15/2045
|
796,703
|
|
|
|
605,000
|
5.00%, due 5/15/2050
|
490,732
|
|
|
|
1,575,000
|
ONEOK, Inc., 6.25%, due 10/15/2055
|
1,511,940
|
|
|
|
|
Transcontinental Gas Pipe Line Co. LLC
|
|
|
|
|
605,000
|
5.10%, due 3/15/2036
|
585,796
|
|
|
|
980,000
|
5.75%, due 3/15/2056
|
916,146
|
|
|
|
1,080,000
|
Western Midstream Operating LP, 4.80%, due 3/1/2031
|
1,059,499
|
|
|
|
|
|
7,536,733
|
|
|
Real Estate Investment Trusts 0.3%
|
|
|||
|
|
3,480,000
|
Prologis Targeted U.S. Logistics Fund LP, 4.75%, due 1/15/2036
|
3,259,368
(b)
|
|
|
Retail 0.1%
|
|
|||
|
|
1,605,000
|
Walmart, Inc., (Secured Overnight Financing Rate Index + 0.40%), 4.07%, due 4/30/2029
|
1,605,904
(d)
|
|
|
Semiconductors 3.0%
|
|
|||
|
|
|
Foundry JV Holdco LLC
|
|
|
|
|
3,570,000
|
5.50%, due 1/25/2031
|
3,601,073
(b)
|
|
|
|
1,890,000
|
6.25%, due 1/25/2035
|
1,942,601
(b)
|
|
|
|
4,855,000
|
6.10%, due 1/25/2036
|
4,962,962
(b)
|
|
|
|
2,405,000
|
6.20%, due 1/25/2037
|
2,459,599
(b)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Semiconductors – cont'd
|
|
|||
|
|
|
Intel Corp.
|
|
|
|
$
|
980,000
|
4.65%, due 6/1/2031
|
$958,228
|
|
|
|
710,000
|
5.30%, due 5/15/2036
|
685,481
|
|
|
|
2,525,000
|
4.80%, due 10/1/2041
|
2,168,049
|
|
|
|
1,010,000
|
3.73%, due 12/8/2047
|
685,567
|
|
|
|
1,455,000
|
3.25%, due 11/15/2049
|
890,001
|
|
|
|
710,000
|
4.75%, due 3/25/2050
|
552,339
|
|
|
|
595,000
|
4.90%, due 8/5/2052
|
468,429
|
|
|
|
4,700,000
|
5.60%, due 2/21/2054
|
4,109,752
|
|
|
|
1,040,000
|
6.13%, due 5/15/2056
|
975,793
|
|
|
|
1,429,000
|
Marvell Technology, Inc., 5.30%, due 4/15/2036
|
1,377,333
|
|
|
|
|
NVIDIA Corp.
|
|
|
|
|
2,685,000
|
4.50%, due 6/15/2031
|
2,627,769
|
|
|
|
1,355,000
|
4.75%, due 6/15/2033
|
1,313,730
|
|
|
|
1,195,000
|
4.95%, due 6/15/2036
|
1,143,398
|
|
|
|
810,000
|
5.55%, due 6/15/2046
|
747,594
|
|
|
|
2,690,000
|
5.63%, due 6/15/2056
|
2,434,154
|
|
|
|
|
|
34,103,852
|
|
|
Software 1.4%
|
|
|||
|
|
|
Oracle Corp.
|
|
|
|
|
310,000
|
5.35%, due 5/4/2033
|
291,315
|
|
|
|
1,700,000
|
5.20%, due 9/26/2035
|
1,525,273
|
|
|
|
1,935,000
|
5.38%, due 9/27/2054
|
1,410,875
|
|
|
|
9,430,000
|
5.95%, due 9/26/2055
|
7,492,505
|
|
|
|
5,835,000
|
6.70%, due 2/4/2056
|
5,145,072
|
|
|
|
710,000
|
6.85%, due 2/4/2066
|
624,719
|
|
|
|
|
|
16,489,759
|
|
|
Telecommunications 0.5%
|
|
|||
|
|
|
AT&T, Inc.
|
|
|
|
|
3,555,000
|
5.25%, due 10/30/2036
|
3,389,651
|
|
|
|
1,660,000
|
3.65%, due 6/1/2051
|
1,051,640
|
|
|
|
830,000
|
6.20%, due 10/30/2056
|
768,245
|
|
|
|
1,055,000
|
6.30%, due 10/30/2066
|
971,480
|
|
|
|
|
|
6,181,016
|
|
|
Water 0.1%
|
|
|||
|
|
955,000
|
Essential Utilities, Inc., 5.13%, due 3/15/2036
|
920,264
|
|
|
Total Corporate Bonds (Cost $331,247,217)
|
319,057,937
|
|||
|
Foreign Government Securities 2.6%
|
|
|||
|
|
3,145,000
|
Export-Import Bank of Korea, 3.75%, due 9/22/2030
|
3,043,083
|
|
|
|
2,200,000
|
Japan International Cooperation Agency, 4.38%, due 5/28/2031
|
2,176,820
|
|
|
|
|
Mexico Government International Bonds
|
|
|
|
|
830,000
|
6.00%, due 5/13/2030
|
848,758
|
|
|
|
1,545,000
|
5.85%, due 7/2/2032
|
1,544,305
|
|
|
|
2,011,000
|
6.00%, due 5/7/2036
|
1,953,083
|
|
|
|
1,575,000
|
6.63%, due 1/29/2038
|
1,564,762
|
|
|
|
790,000
|
7.38%, due 5/13/2055
|
799,875
|
|
|
|
|
Province of British Columbia
|
|
|
|
|
2,510,000
|
3.90%, due 8/27/2030
|
2,455,324
|
|
|
Principal Amount
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
$
|
2,160,000
|
4.05%, due 4/23/2031
|
$2,113,682
|
|
|
|
2,070,000
|
4.80%, due 6/11/2035
|
2,051,938
|
|
|
|
1,195,000
|
Province of Manitoba, 4.90%, due 5/31/2034
|
1,197,226
|
|
|
|
1,155,000
|
Province of Ontario, 4.85%, due 5/29/2036
|
1,144,485
|
|
|
|
|
Province of Quebec
|
|
|
|
|
2,635,000
|
4.63%, due 8/28/2035
|
2,575,259
|
|
|
|
2,330,000
|
4.63%, due 6/3/2036
|
2,265,058
|
|
|
|
4,145,000
|
Province of Saskatchewan, 4.65%, due 1/28/2030
|
4,165,818
|
|
|
Total Foreign Government Securities (Cost $30,226,398)
|
29,899,476
|
|||
|
Number of Shares
|
|
|||
|
Short-Term Investments 0.1%
|
||||
|
Investment Companies 0.1%
|
|
|||
|
|
1,443,832
|
State Street Institutional U.S. Government Money Market Fund Premier Class,
3.68%(j) (Cost $1,443,832)
|
1,443,832
|
|
|
Total Investments 99.7% (Cost $1,171,723,293)
|
1,136,127,362
|
|||
|
Other Assets Less Liabilities 0.3%
|
3,658,241
(k)
|
|||
|
Net Assets 100.0%
|
$1,139,785,603
|
|||
|
(a)
|
Principal only security. This security entitles the holder to receive principal payments
from an underlying
pool of assets or on the security itself.
|
|
(b)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted
from
registration, may only be sold to qualified institutional investors or may have other
restrictions on resale.
At July 31, 2026, these securities amounted to $300,495,527, which represents 26.4%
of net assets of
the Fund.
|
|
(c)
|
Variable or floating rate security where the stated interest rate is not based on
a published reference
rate and spread. Rather, the interest rate adjusts periodically based on changes in
current interest rates
and prepayments on the underlying pool of assets. The interest rate shown was the
current rate as of
July 31, 2026.
|
|
(d)
|
Variable or floating rate security. The interest rate shown was the current rate as
of July 31, 2026 and
changes periodically.
|
|
(e)
|
Interest only security. These securities represent the right to receive the monthly
interest payments on
an underlying pool of mortgages. Payments of principal on the pool reduce the value
of the "interest
only" holding.
|
|
(f)
|
When-issued security. Total value of all such securities at July 31, 2026 amounted
to $5,763,805, which
represents 0.5% of net assets of the Fund.
|
|
(g)
|
Security fair valued as of July 31, 2026 in accordance with procedures approved by
the valuation
designee. Total value of all such securities at July 31, 2026 amounted to $6,027,962,
which represents
0.5% of net assets of the Fund.
|
|
(h)
|
Security issued at a fixed coupon rate, which converts to a variable rate at a future
date. Rate shown is
the rate in effect as of period end.
|
|
(i)
|
Perpetual security. Perpetual securities have no stated maturity date, but they may
be called/redeemed
by the issuer. The date shown reflects the next call date.
|
|
(j)
|
Represents 7-day effective yield as of July 31, 2026.
|
|
(k)
|
Includes the impact of the Fund’s open positions in derivatives at July 31, 2026.
|
|
POSITIONS BY COUNTRY
|
||
|
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
|
United States
|
$1,018,569,111
|
89.4%
|
|
Cayman Islands
|
29,561,909
|
2.6%
|
|
Canada
|
20,144,707
|
1.8%
|
|
Supranational
|
16,150,523
|
1.4%
|
|
United Kingdom
|
15,225,029
|
1.3%
|
|
Italy
|
7,342,925
|
0.6%
|
|
Mexico
|
6,710,783
|
0.6%
|
|
Jersey
|
5,445,728
|
0.5%
|
|
Germany
|
4,200,696
|
0.4%
|
|
Korea
|
3,043,083
|
0.3%
|
|
Ireland
|
2,314,397
|
0.2%
|
|
Japan
|
2,176,820
|
0.2%
|
|
France
|
1,607,725
|
0.1%
|
|
Switzerland
|
1,292,139
|
0.1%
|
|
Belgium
|
897,955
|
0.1%
|
|
Short-Term Investments and Other Assets—Net
|
5,102,073
|
0.4%
|
|
|
$1,139,785,603
|
100.0%
|
|
Long Futures:
|
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
9/2026
|
331
|
U.S. Treasury Long Bond
|
$35,851,437
|
$(673,194
)
|
|
9/2026
|
394
|
U.S. Treasury Note, 10 Year
|
42,552,000
|
(459,489
)
|
|
9/2026
|
1,865
|
U.S. Treasury Note, 2 Year
|
383,461,486
|
(1,297,636
)
|
|
9/2026
|
493
|
U.S. Treasury Note, 5 Year
|
52,246,446
|
(392,108
)
|
|
Total Long Positions
|
$514,111,369
|
$(2,822,427
)
|
||
|
Short Futures:
|
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
9/2026
|
841
|
U.S. Treasury Note, Ultra 10 Year
|
$(92,260,328
)
|
$1,088,511
|
|
9/2026
|
290
|
U.S. Treasury Ultra Bond
|
(31,809,375
)
|
833,731
|
|
Total Short Positions
|
$(124,069,703
)
|
$1,922,242
|
||
|
Total Futures
|
|
$(900,185
)
|
||
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
|
|
|
|
|
U.S. Treasury Obligations
|
$—
|
$177,482,844
|
$—
|
$177,482,844
|
|
U.S. Government Agency Securities
|
—
|
8,638,621
|
—
|
8,638,621
|
|
Mortgage-Backed Securities#
|
—
|
471,202,457
|
—
|
471,202,457
|
|
Asset-Backed Securities#
|
—
|
128,402,195
|
—
|
128,402,195
|
|
Corporate Bonds#
|
—
|
319,057,937
|
—
|
319,057,937
|
|
Foreign Government Securities
|
—
|
29,899,476
|
—
|
29,899,476
|
|
Short-Term Investments
|
—
|
1,443,832
|
—
|
1,443,832
|
|
Total Investments
|
$—
|
$1,136,127,362
|
$—
|
$1,136,127,362
|
|
#
|
The Schedule of Investments provides information on the industry or sector categorization
as well as a
Positions by Country summary.
|
|
Other Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Futures@
|
|
|
|
|
|
Assets
|
$1,922,242
|
$—
|
$—
|
$1,922,242
|
|
Liabilities
|
(2,822,427
)
|
—
|
—
|
(2,822,427
)
|
|
Total
|
$(900,185
)
|
$—
|
$—
|
$(900,185
)
|
|
@
|
Futures are reported at the cumulative unrealized appreciation/(depreciation) of the
instrument.
|
|
Principal Amount
|
Value
|
||
|
Asset-Backed Securities 3.1%
|
|||
|
Other 3.1%
|
|
|
|
|
$1,000,000
|
Ballyrock CLO 28 Ltd., Series 2024-28A, Class D, (3 mo. USD Term SOFR + 5.00%), 8.73%,
due
1/20/2038
|
$989,394
(a)(b)
|
|
|
700,000
|
Benefit Street Partners CLO XXXIII Ltd., Series 2023-33A, Class D2R, (3 mo. USD Term
SOFR +
3.40%), 7.21%, due 1/25/2039
|
697,302
(a)(b)
|
|
|
1,500,000
|
CIFC Funding Ltd., Series 2018-2A, Class D1R, (3 mo. USD Term SOFR + 3.05%), 6.78%,
due
10/20/2037
|
1,504,165
(a)(b)
|
|
|
1,000,000
|
Galaxy 31 CLO Ltd., Series 2023-31A, Class ER, (3 mo. USD Term SOFR + 5.50%), 9.25%,
due
7/15/2038
|
973,839
(a)(b)
|
|
|
1,000,000
|
GoldenTree Loan Management U.S. CLO 19 Ltd., Series 2024-19A, Class DJ, (3 mo. USD
Term
SOFR + 3.35%), 7.08%, due 7/20/2039
|
1,000,756
(a)(b)
|
|
|
1,000,000
|
Honey Hill Park CLO Ltd., Series 2026-1A, Class D2, (3 mo. USD Term SOFR + 3.65%),
7.37%,
due 4/24/2039
|
997,928
(a)(b)
|
|
|
|
OCP CLO Ltd.
|
||
|
1,000,000
|
Series 2021-21A, Class D1R, (3 mo. USD Term SOFR + 2.65%), 6.38%, due 1/20/2038
|
998,534
(a)(b)
|
|
|
750,000
|
Series 2026-49A, Class D2, (3 mo. USD Term SOFR + 3.35%), 7.03%, due 4/16/2039
|
729,363
(a)(b)
|
|
|
1,275,000
|
Palmer Square CLO Ltd., Series 2024-4A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.75%,
due 1/15/2038
|
1,247,578
(a)(b)
|
|
|
1,000,000
|
RR 25 Ltd., Series 2023-25A, Class C2R2, (3 mo. USD Term SOFR + 3.75%), 7.50%, due
4/15/2041
|
990,223
(a)(b)
|
|
|
1,000,000
|
RR 44 Ltd., Series 2026-44A, Class C2, (3 mo. USD Term SOFR + 3.40%), 7.15%, due
4/15/2041
|
997,747
(a)(b)
|
|
|
1,000,000
|
Trestles CLO IX Ltd., Series 2025-9A, Class D2, (3 mo. USD Term SOFR + 3.65%), 7.40%,
due
1/15/2039
|
995,436
(a)(b)
|
|
|
1,250,000
|
Voya CLO Ltd., Series 2024-2AR, Class ER, (3 mo. USD Term SOFR + 5.50%), 9.24%, due
7/20/2039
|
1,249,982
(a)(b)
|
|
|
1,300,000
|
Wellington Management CLO 4 Ltd., Series 2025-4A, Class D1, (3 mo. USD Term SOFR +
2.55%), 6.28%, due 4/18/2038
|
1,303,408
(a)(b)
|
|
|
Total Asset-Backed Securities (Cost $14,743,125)
|
14,675,655
|
||
|
|
|||
|
Corporate Bonds 1.4%
|
|||
|
Advertising 0.1%
|
|||
|
500,000
|
Neptune Bidco U.S., Inc., 9.50%, due 2/15/2033
|
509,337
(a)
|
|
|
Chemicals 0.1%
|
|||
|
400,000
|
SCIH Salt Holdings, Inc., 4.88%, due 5/1/2028
|
399,980
(a)
|
|
|
Commercial Services 0.3%
|
|||
|
|
Prime Security Services Borrower LLC/Prime Finance, Inc.
|
||
|
1,170,000
|
3.38%, due 8/31/2027
|
1,149,111
(a)
|
|
|
510,000
|
3.38%, due 8/31/2027
|
500,895
(c)
|
|
|
|
|
1,650,006
|
|
|
Environmental Control 0.1%
|
|||
|
720,000
|
Madison IAQ LLC, 4.13%, due 6/30/2028
|
704,840
(a)
|
|
|
Forest Products & Paper 0.1%
|
|||
|
545,000
|
Ahlstrom Holding 3 Oy, 4.88%, due 2/4/2028
|
543,497
(a)
|
|
|
Packaging & Containers 0.1%
|
|||
|
260,000
|
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, 9.50%, due 5/15/2030
|
234,846
(a)
|
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Pipelines 0.1%
|
||
|
$530,000
|
NGL Energy Operating LLC/NGL Energy Finance Corp., 8.13%, due 2/15/2029
|
$543,294
(c)
|
|
Software 0.2%
|
||
|
465,000
|
Capstone Borrower, Inc., 8.00%, due 6/15/2030
|
452,391
(a)
|
|
505,175
|
Rackspace Finance LLC, 3.50%, due 5/15/2028
|
444,554
(a)
|
|
|
|
896,945
|
|
Telecommunications 0.3%
|
||
|
325,000
|
Altice Financing SA, 5.00%, due 1/15/2028
|
205,730
(a)
|
|
998,476
|
Altice France SA, 6.88%, due 10/15/2030
|
974,877
(a)
|
|
|
|
1,180,607
|
|
Total Corporate Bonds (Cost $6,750,283)
|
6,663,352
|
|
|
|
||
|
Loan Assignments(b) 90.8%
|
||
|
Aerospace & Defense 3.1%
|
||
|
1,804,628
|
Air Comm Corporation LLC, Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.20%, due
12/11/2031
|
1,803,509
|
|
920,284
|
Cobham Ultra SeniorCo SARL, Term Loan B, (6 mo. USD Term SOFR + 3.75%), 7.79%, due
8/3/2029
|
923,348
|
|
|
Dynasty Acquisition Co., Inc.
|
|
|
1,277,304
|
First Lien Term Loan B1, (1 mo. USD Term SOFR + 2.00%), 5.73%, due 10/31/2031
|
1,280,191
|
|
485,846
|
First Lien Term Loan B2, (1 mo. USD Term SOFR + 2.00%), 5.73%, due 10/31/2031
|
486,944
|
|
1,237,209
|
Fastener Distribution Holdings LLC, Term Loan B, (1 mo. USD Term SOFR), due 7/23/2033
|
1,235,663
(d)(e)
|
|
1,257,834
|
Kaman Corp., Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.67%, due 2/26/2032
|
1,256,714
|
|
|
Peraton Corp.
|
|
|
2,527,747
|
Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.67%, due 2/1/2028
|
2,296,635
|
|
234,174
|
Second Lien Term Loan B1, (3 mo. USD Term SOFR + 7.75%), 11.52%, due 2/1/2029
|
159,531
|
|
1,810,463
|
Propulsion (BC) Finco SARL, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
12/1/2032
|
1,817,052
|
|
|
TransDigm, Inc.
|
|
|
743,452
|
Term Loan J, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 2/28/2031
|
744,351
|
|
1,019,954
|
Term Loan L, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 1/19/2032
|
1,021,158
|
|
1,568,038
|
VistaJet Malta Finance PLC, Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.48%, due
4/1/2031
|
1,569,026
|
|
|
|
14,594,122
|
|
Air Freight & Logistics 0.1%
|
||
|
540,100
|
Echo Global Logistics, Inc., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.58%, due
11/23/2028
|
528,034
|
|
Automobile Components 0.6%
|
||
|
1,701,450
|
Clarios Global LP, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 1/28/2032
|
1,703,577
|
|
651,878
|
Dealer Tire Financial LLC, Term Loan B4, (1 mo. USD Term SOFR + 3.00%), 6.73%, due
7/2/2031
|
639,656
|
|
635,000
|
DexKo Global, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.50%), 8.32%, due 10/6/2031
|
615,067
|
|
|
|
2,958,300
|
|
Biotechnology 0.7%
|
||
|
1,705,725
|
Alkermes, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 8/12/2031
|
1,709,273
|
|
1,755,600
|
Grifols Worldwide Operations USA, Inc., Term Loan B, (6 mo. USD Term SOFR + 2.50%),
6.19%,
due 4/14/2033
|
1,758,532
|
|
|
|
3,467,805
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Broadline Retail 0.3%
|
||
|
|
Peer Holding III BV
|
|
|
$1,220,297
|
Term Loan B4B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 10/28/2030
|
$1,223,347
|
|
265,950
|
Term Loan B5B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 7/1/2031
|
266,482
|
|
|
|
1,489,829
|
|
Building Products 0.8%
|
||
|
1,855,221
|
Cornerstone Building Brands, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.01%,
due
4/12/2028
|
933,417
|
|
828,090
|
Jeld-Wen, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.85%, due 7/28/2028
|
694,560
|
|
1,405,657
|
LBM Acquisition LLC, Term Loan B, (1 mo. USD Term SOFR + 3.75%), 7.57%, due 6/6/2031
|
1,119,845
|
|
1,194,994
|
MI Windows & Doors LLC, Term Loan B2, (1 mo. USD Term SOFR + 2.75%), 6.48%, due
3/28/2031
|
1,177,738
|
|
|
|
3,925,560
|
|
Capital Markets 3.9%
|
||
|
498,386
|
Apex Group Treasury LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.15%, due
2/27/2032
|
472,983
|
|
|
Ascensus Group Holdings, Inc.
|
|
|
1,501,238
|
Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 11/25/2032
|
1,468,406
|
|
520,000
|
Second Lien Term Loan B, (3 mo. USD Term SOFR + 5.25%), 8.98%, due 11/25/2033
|
522,600
(f)
|
|
806,925
|
Citco Funding LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.82%, due 1/30/2033
|
805,771
|
|
1,535,000
|
Edelman Financial Center LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due
12/1/2031
|
1,539,697
|
|
692,996
|
Focus Financial Partners LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
9/15/2031
|
683,342
|
|
1,808,069
|
Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%), 5.82%, due 7/31/2030
|
1,660,603
(g)
|
|
814,366
|
Guggenheim Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
11/26/2031
|
796,483
|
|
1,469,803
|
Harbourvest Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.73%, due
4/19/2030
|
1,471,640
(f)
|
|
1,544,400
|
IMC Financing LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.22%, due 6/21/2032
|
1,544,400
|
|
|
NEXUS Buyer LLC
|
|
|
1,027,173
|
Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 7/31/2031
|
994,252
|
|
493,756
|
Term Loan, (1 mo. USD Term SOFR + 4.00%), 7.73%, due 7/31/2031
|
482,306
|
|
530,000
|
Second Lien Term Loan B, (1 mo. USD Term SOFR + 5.75%), 9.48%, due 2/16/2032
|
513,602
|
|
|
Orion U.S. Finco, Inc.
|
|
|
1,326,675
|
First Lien Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.26%, due 10/8/2032
|
1,330,363
|
|
535,000
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 5.50%), 9.26%, due 10/10/2033
|
528,313
|
|
1,555,000
|
Saphilux SARL, Term Loan, (1 mo. USD Term SOFR), due 7/18/2033
|
1,555,000
(d)(e)
|
|
1,462,761
|
Superannuation & Investments U.S. LLC, Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due 12/1/2028
|
1,467,939
|
|
841,523
|
Victory Capital Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 1.75%), 5.48%, due
9/23/2032
|
839,840
|
|
|
|
18,677,540
|
|
Chemicals 2.5%
|
||
|
985,000
|
AAP Buyer, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.57%, due 9/9/2031
|
988,280
|
|
1,545,000
|
BASF Coatings, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.24%, due 6/29/2033
|
1,551,072
|
|
878,974
|
Groupe Solmax, Inc., Term Loan, (1 mo. USD Term SOFR + 4.75%, 3 mo. USD Term SOFR
+
4.75%), 8.60% – 8.74%, due 5/29/2028
|
808,568
(h)
|
|
|
Ineos U.S. Finance LLC
|
|
|
268,633
|
Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 2/18/2030
|
254,027
|
|
229,288
|
First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 2/7/2031
|
213,096
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Chemicals – cont'd
|
||
|
$697,310
|
Minerals Technologies, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.73%, due
11/26/2031
|
$695,567
(f)
|
|
2,165,000
|
Nouryon Finance BV, Term Loan B, (1 mo. USD Term SOFR + 3.50%, 3 mo. USD Term SOFR
+
3.50%), 7.17% – 7.23%, due 7/8/2031
|
2,163,658
(h)
|
|
|
Olympus Water U.S. Holding Corp.
|
|
|
1,702,163
|
Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.73%, due 6/20/2031
|
1,699,644
|
|
562,175
|
Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.98%, due 11/3/2032
|
562,001
|
|
1,044,750
|
SCIL IV LLC, Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.65%, due 11/8/2032
|
1,047,362
(f)
|
|
703,961
|
SCUR-Alpha 1503 GmbH, Term Loan B1, (3 mo. USD Term SOFR + 5.50%), 9.32%, due
3/29/2030
|
606,505
|
|
1,323,811
|
Sparta U.S. HoldCo LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.66%, due 8/2/2030
|
1,321,242
|
|
|
|
11,911,022
|
|
Commercial Services & Supplies 4.1%
|
||
|
1,612,305
|
Albion Financing 3 SARL, Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.63%, due 5/21/2031
|
1,617,545
|
|
2,589,194
|
Allied Universal Holdco LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
8/20/2032
|
2,595,848
|
|
1,806,350
|
Anticimex International AB, Term Loan, (3 mo. USD Term SOFR + 2.90%), 6.41%, due
11/17/2031
|
1,809,890
|
|
861,750
|
ASP Dream Acquisition Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 4.25%), 8.08%,
due
12/15/2028
|
801,428
|
|
862,046
|
Belfor Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 11/1/2030
|
862,761
|
|
1,703,963
|
Crash Champions LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.42%, due 2/23/2029
|
1,654,122
|
|
|
EnergySolutions LLC
|
|
|
1,101,873
|
Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 9/20/2030
|
1,101,455
|
|
1,515,000
|
Term Loan B, (1 mo. USD Term SOFR), due 7/23/2033
|
1,516,894
(d)(e)
|
|
1,387,264
|
Garda World Security Corp., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.51%, due
2/1/2029
|
1,385,183
|
|
1,272,182
|
Gategroup Fin Luxembourg SA, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.23%, due
6/10/2032
|
1,279,077
|
|
1,794,156
|
Pye-Barker Fire & Safety LLC, Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
12/16/2032
|
1,800,131
|
|
1,346,625
|
TKC Holdings, Inc., Term Loan, (1 mo. USD Term SOFR + 4.50%), 8.17%, due 8/19/2030
|
1,339,892
|
|
1,547,322
|
TMC Buyer, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.42%, due 11/1/2030
|
1,552,799
|
|
|
|
19,317,025
|
|
Communications Equipment 0.1%
|
||
|
728,802
|
WatchGuard Technologies, Inc., Term Loan, (1 mo. USD Term SOFR + 5.25%), 8.98%, due
7/2/2029
|
674,141
|
|
Construction & Engineering 1.6%
|
||
|
1,150,068
|
Artera Services LLC, Term Loan, (1 mo. USD Term SOFR + 4.50%), 8.23%, due 2/15/2031
|
1,013,291
|
|
982,500
|
Brock Holdings III, Inc., Term Loan B, (3 mo. USD Term SOFR + 6.00%), 9.73%, due 5/2/2030
|
898,987
(f)
|
|
1,695,750
|
Green Infrastructure Partners, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%,
due
9/24/2032
|
1,695,750
(f)
|
|
659,590
|
Jupiter Buyer, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.73%, due 11/3/2031
|
663,383
|
|
1,505,903
|
Pinnacle Buyer LLC, Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 10/1/2032
|
1,511,129
|
|
1,796,851
|
Tecta America Corp., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 2/18/2032
|
1,797,821
|
|
|
|
7,580,361
|
|
Construction Materials 0.8%
|
||
|
1,491,263
|
Potters Industries LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.17%, due 12/23/2032
|
1,494,245
|
|
1,697,188
|
Quikrete Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 5.98%, due 2/10/2032
|
1,697,799
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Construction Materials – cont'd
|
||
|
$797,696
|
Star Holding LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 4.50%), 8.23%, due
7/31/2031
|
$798,359
|
|
|
|
3,990,403
|
|
Consumer Staples Distribution & Retail 0.4%
|
||
|
1,835,775
|
Boots Group Bidco Ltd., Term Loan, (3 mo. USD Term SOFR + 3.25%), 6.92%, due 8/30/2032
|
1,840,364
|
|
Containers & Packaging 3.9%
|
||
|
1,068,398
|
Altium Packaging LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 6/11/2031
|
1,020,320
|
|
1,763,273
|
Berlin Packaging LLC, Term Loan B7, (3 mo. USD Term SOFR + 3.25%), 6.98% – 6.98%, due
6/7/2031
|
1,754,280
(h)
|
|
778,656
|
Clydesdale Acquisition Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%),
6.98%,
due 4/1/2032
|
742,993
|
|
1,200,777
|
Glatfelter Corp., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.07%, due 11/4/2031
|
1,191,771
|
|
1,266,825
|
Graham Packaging Co., Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 5.98%, due
1/26/2033
|
1,266,584
|
|
731,696
|
IRIS Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 4.75%), 8.67%, due 6/28/2028
|
688,446
|
|
7,463
|
Klockner-Pentaplast of America, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%), 5.84%,
due
1/30/2031
|
7,078
(g)
|
|
2,119,688
|
Mauser Packaging Solutions Holding Co., Term Loan B, (1 mo. USD Term SOFR + 3.50%),
7.15%, due 4/15/2030
|
2,102,031
|
|
1,782,438
|
Pregis TopCo Corp., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.48%, due 2/1/2029
|
1,787,856
|
|
943,640
|
Ring Container Technologies Group LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%),
6.23%, due 9/15/2032
|
944,669
|
|
|
Spa Holdings 3 Oy
|
|
|
235,000
|
Term Loan B, (1 mo. USD Term SOFR), due 5/23/2030
|
235,221
(d)(e)
|
|
663,325
|
Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.24%, due 5/23/2030
|
663,949
|
|
651,883
|
SupplyOne, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 4/21/2031
|
653,584
|
|
2,320,000
|
Sword Purchaser LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due 4/11/2033
|
2,230,935
|
|
1,046,363
|
Technimark Holdings LLC, Term Loan, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 4/14/2031
|
1,001,024
|
|
2,005,217
|
Trident TPI Holdings, Inc., Term Loan B7, (3 mo. USD Term SOFR + 3.75%), 7.48%, due
9/15/2028
|
1,878,528
|
|
474,529
|
Valcour Packaging LLC, Term Loan A1, (1 mo. USD Term SOFR + 5.25%), 8.92%, due
10/4/2028
|
473,049
|
|
|
|
18,642,318
|
|
Distributors 0.6%
|
||
|
929,271
|
PAI Holdco, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.68%, due 10/28/2027
|
904,590
|
|
|
S&S Holdings LLC
|
|
|
1,555,796
|
Term Loan, (1 mo. USD Term SOFR + 5.00%), 8.82%, due 3/11/2028
|
1,550,615
|
|
225,000
|
Second Lien Term Loan, (1 mo. USD Term SOFR + 8.75%), 12.57%, due 3/9/2029
|
213,750
|
|
|
|
2,668,955
|
|
Diversified Consumer Services 1.5%
|
||
|
965,040
|
Ascend Learning LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 12/11/2028
|
953,430
|
|
873,428
|
Belron Finance 2019 LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.66%, due
10/16/2031
|
871,794
|
|
470,000
|
Cengage Learning, Inc., Term Loan B, (1 mo. USD Term SOFR), due 3/24/2031
|
466,066
(d)(e)
|
|
2,040,454
|
Fugue Finance BV, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.92%, due 1/9/2032
|
2,034,843
|
|
308,422
|
Learning Care Group (US) No. 2, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.64% –
7.81%, due 8/11/2028
|
236,329
(h)
|
|
1,675,000
|
Mister Car Wash Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%,
due
3/27/2031
|
1,681,516
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Diversified Consumer Services – cont'd
|
||
|
$932,169
|
Wand NewCo 3, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 1/30/2031
|
$934,145
|
|
|
|
7,178,123
|
|
Diversified Telecommunication Services 2.3%
|
||
|
|
Altice France SA
|
|
|
707,498
|
Term Loan B11, (3 mo. USD Term SOFR + 4.13%), 7.87%, due 4/30/2028
|
707,498
|
|
935,682
|
Term Loan B13, (3 mo. USD Term SOFR + 5.38%), 9.13%, due 5/14/2029
|
936,272
|
|
706,427
|
Term Loan B14, (3 mo. USD Term SOFR + 6.88%), 10.63%, due 5/31/2031
|
718,054
|
|
214,300
|
Cable One, Inc., Term Loan B4, (1 mo. USD Term SOFR + 2.00%), 5.85%, due 5/3/2028
|
178,619
|
|
2,664,167
|
CSC Holdings LLC, Term Loan B5, (3 mo. USD Term SOFR + 1.50%), 8.25%, due 4/15/2027
|
1,673,096
|
|
973,606
|
ITG Communications LLC, Term Loan B, (1 mo. USD Term SOFR + 4.75%), 8.48%, due 7/9/2031
|
969,546
|
|
2,180,000
|
Level 3 Financing, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 3/29/2032
|
2,186,126
|
|
516,932
|
Radiate Holdco LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.35%, due 9/25/2029
|
459,552
(g)
|
|
1,520,000
|
Sunrise Financing Partnership, Term Loan AAA, (6 mo. USD Term SOFR + 2.47%), 6.34%,
due
2/15/2032
|
1,491,713
|
|
330,000
|
Telesat Canada, Term Loan B5, (3 mo. USD Term SOFR + 2.75%), 6.68%, due 12/7/2026
|
290,400
|
|
495,000
|
Virgin Media Bristol LLC, Term Loan Q, (1 mo. USD Term SOFR + 3.25%), 7.04%, due 1/31/2029
|
444,441
|
|
806,733
|
Zayo Group Holdings, Inc., Term Loan, (1 mo. USD Term SOFR + 3.00%), 6.85%, due
3/11/2030
|
807,379
(g)
|
|
|
|
10,862,696
|
|
Electric Utilities 2.3%
|
||
|
789,109
|
Alpha Generation LLC, Term Loan B, (1 mo. USD Term SOFR + 1.75%), 5.48%, due 9/30/2031
|
784,934
|
|
1,445,372
|
Astoria Energy LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%, 3 mo. USD Term SOFR
+
2.25%), 5.98% – 5.98%, due 6/23/2032
|
1,445,777
(h)
|
|
1,511,866
|
Bayonne Energy Center LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.73%, due
10/1/2032
|
1,516,689
|
|
1,350,000
|
Clean Energy Future Trumbull LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.73%,
due
4/29/2033
|
1,350,850
|
|
1,456,434
|
EFS Cogen Holdings I LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
10/3/2031
|
1,449,764
|
|
961,837
|
Hill Top Energy Center LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due
6/26/2032
|
963,338
|
|
1,523,504
|
Lackawanna Energy Center LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.43%, due
8/5/2032
|
1,524,463
|
|
1,831,576
|
MRP Buyer LLC, Term Loan, (3 mo. USD Term SOFR + 3.25%), 6.98%, due 6/4/2032
|
1,835,386
|
|
|
|
10,871,201
|
|
Electrical Equipment 1.1%
|
||
|
1,900,836
|
Arcline FM Holdings LLC, First Lien Term Loan, (6 mo. USD Term SOFR + 2.75%), 6.60%,
due
6/23/2030
|
1,905,588
|
|
|
Resilience Parent LLC
|
|
|
1,800,000
|
First Lien Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 2/28/2033
|
1,796,256
|
|
353,571
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 5.25%), 8.98%, due 2/27/2034
|
350,920
#(f)(i)
|
|
996,630
|
WEC U.S. Holdings Ltd., Term Loan, (1 mo. USD Term SOFR + 2.00%), 5.65%, due 1/27/2031
|
995,195
|
|
|
|
5,047,959
|
|
Electronic Equipment, Instruments & Components 1.0%
|
||
|
1,750,000
|
Belden, Inc., Term Loan, (1 mo. USD Term SOFR + 2.25%), 5.98%, due 7/1/2033
|
1,756,562
(f)
|
|
1,425,948
|
Chamberlain Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 9/8/2032
|
1,426,775
|
|
916,499
|
Ingram Micro, Inc., Term Loan, (3 mo. USD Term SOFR + 2.25%), 5.93%, due 9/22/2031
|
919,936
(f)
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Electronic Equipment, Instruments & Components – cont'd
|
||
|
$563,580
|
VM Consolidated, Inc., Term Loan, (1 mo. USD Term SOFR + 2.00%), 5.73%, due 10/1/2032
|
$531,530
|
|
|
|
4,634,803
|
|
Energy Equipment & Services 0.5%
|
||
|
1,544,400
|
Covia Holdings Corp., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.50%, due 2/26/2032
|
1,542,470
(f)
|
|
991,024
|
PG Investment Co. 59 SARL, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.73%, due
3/26/2031
|
989,478
|
|
|
|
2,531,948
|
|
Entertainment 1.2%
|
||
|
1,315,000
|
Banijay Entertainment SAS, Term Loan B5, (1 mo. USD Term SOFR + 2.25%), 5.91%, due
7/6/2033
|
1,311,713
|
|
1,782,505
|
Creative Artists Agency LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
10/1/2031
|
1,780,063
|
|
1,050,950
|
EP Purchaser LLC, Term Loan B, (3 mo. USD Term SOFR + 4.50%), 8.28%, due 11/6/2028
|
683,117
(f)
|
|
1,519,707
|
International Entertainment JJCo 3 Ltd., First Lien Term Loan B, (3 mo. USD Term SOFR
+
3.00%), 6.82%, due 4/29/2032
|
1,518,446
|
|
466,991
|
Showtime Acquisition LLC, First Lien Term Loan, (3 mo. USD Term SOFR + 4.75%), 8.39%,
due
8/16/2031
|
462,466
|
|
|
|
5,755,805
|
|
Financial Services 1.9%
|
||
|
1,573,142
|
BCPE Pequod Buyer, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due
11/25/2031
|
1,541,018
|
|
940,000
|
Daintree Bidco Pty. Ltd., Term Loan B, (3 mo. USD Term SOFR + 4.50%), 8.16%, due 4/11/2033
|
940,000
(f)
|
|
1,782,438
|
GEN II Fund Services LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due
11/26/2031
|
1,783,917
|
|
1,940,000
|
Jupiter Borrower, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 6/30/2033
|
1,949,700
|
|
759,285
|
Shift4 Payments LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.73%, due 7/3/2032
|
757,865
|
|
1,691,500
|
Speed Midco 3 SARL, Term Loan, (6 mo. USD Term SOFR + 2.50%), 6.19%, due 10/7/2032
|
1,691,500
|
|
349,116
|
Synechron, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.48%, due 10/3/2031
|
325,551
|
|
|
|
8,989,551
|
|
Food Products 2.1%
|
||
|
2,557,150
|
Froneri Lux Finco SARL, Term Loan B6, (6 mo. USD Term SOFR + 2.50%), 6.45%, due
9/30/2032
|
2,542,012
|
|
765,215
|
Max U.S. Bidco, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 8.73%, due 10/2/2030
|
713,999
|
|
1,143,450
|
Newly Weds Foods, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 5.97%, due 3/15/2032
|
1,143,450
|
|
1,510,000
|
Nomad Foods Europe Midco Ltd., Term Loan B, (6 mo. USD Term SOFR + 2.50%), 6.16%,
due
10/29/2032
|
1,499,143
|
|
1,542,250
|
PFI Lower Midco LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due 12/1/2032
|
1,547,555
|
|
1,384,122
|
Savor Acquisition, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.82%, due 2/19/2032
|
1,390,185
|
|
990,000
|
Solina Bidco, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.91%, due 9/30/2032
|
991,237
|
|
|
|
9,827,581
|
|
Gas Utilities 0.3%
|
||
|
1,496,719
|
Natgasoline LLC, Term Loan B, (1 mo. USD Term SOFR + 5.50%), 9.23%, due 3/29/2030
|
1,507,944
|
|
Ground Transportation 0.5%
|
||
|
1,061,464
|
Kenan Advantage Group, Inc., Term Loan B4, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
1/25/2029
|
1,062,133
|
|
1,465,000
|
PODS LLC, Term Loan B, (1 mo. USD Term SOFR + 4.50%), 8.18%, due 5/14/2031
|
1,415,248
|
|
|
|
2,477,381
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Health Care Equipment & Supplies 1.2%
|
||
|
$1,511,203
|
Auris Luxembourg III SARL, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.02%, due
2/28/2032
|
$1,512,457
|
|
2,311,963
|
Bausch & Lomb Corp., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.48%, due 1/15/2031
|
2,317,743
|
|
1,741,250
|
Sharp Services LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.73%, due 9/29/2032
|
1,746,335
|
|
|
|
5,576,535
|
|
Health Care Providers & Services 5.5%
|
||
|
1,319,073
|
ADMI Corp., Term Loan B2, (1 mo. USD Term SOFR + 3.38%), 7.22%, due 12/23/2027
|
1,224,272
|
|
1,791,000
|
Aveanna Healthcare LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due
9/17/2032
|
1,798,128
|
|
1,558,524
|
CNT Holdings I Corp., Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.07%, due 11/8/2032
|
1,561,376
|
|
686,086
|
Concentra Health Services, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.73%,
due
7/26/2031
|
685,228
|
|
980,000
|
Ensemble RCM LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.82%, due 2/9/2033
|
975,629
|
|
1,698,667
|
Global Medical Response, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.92%,
due
10/1/2032
|
1,704,867
|
|
|
Hanger, Inc.
|
|
|
1,391,023
|
Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 10/23/2031
|
1,399,063
|
|
127,417
|
Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 10/23/2031
|
128,153
|
|
1,189,938
|
Heartland Dental LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 8/25/2032
|
1,191,151
|
|
1,353,324
|
Help At Home, Inc., Term Loan B, (1 mo. USD Term SOFR + 5.00%), 8.73%, due 9/24/2031
|
1,204,323
|
|
|
LifePoint Health, Inc.
|
|
|
1,559,171
|
Term Loan B1, (3 mo. USD Term SOFR + 3.50%), 7.25%, due 5/19/2031
|
1,483,161
|
|
519,724
|
First Lien Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.50%, due 5/19/2031
|
495,037
|
|
1,900,000
|
Mckesson Medical-Surgical Top Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR +
2.25%),
5.98%, due 6/9/2032
|
1,900,000
|
|
|
Medical Solutions Holdings, Inc.
|
|
|
376,177
|
Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.42%, due 11/1/2030
|
43,260
|
|
95,799
|
Term Loan, (3 mo. USD Term SOFR + 5.25%), 9.17%, due 11/1/2030
|
66,101
|
|
110,640
|
Term Loan, (3 mo. USD Term SOFR + 5.25%), 9.17%, due 11/1/2030
|
73,576
|
|
132,768
|
Term Loan, (3 mo. USD Term SOFR + 7.00%), 10.92%, due 11/3/2031
|
18,146
|
|
947,625
|
National Mentor Holdings, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 6.00%),
9.73%, due 12/12/2030
|
954,438
|
|
1,022,392
|
Radnet Management, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.66%, due
4/18/2031
|
1,021,257
|
|
456,030
|
Raven Acquisition Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%,
due
11/19/2031
|
453,107
|
|
1,775,000
|
Select Medical Corp., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 12/3/2031
|
1,777,219
(f)
|
|
|
Sound Inpatient Physicians
|
|
|
844,455
|
Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.49%, due 6/28/2028
|
824,222
(g)
|
|
129,063
|
Term Loan, (3 mo. USD Term SOFR + 6.75%), 10.74%, due 6/28/2029
|
122,717
|
|
|
Summit Behavioral Healthcare LLC
|
|
|
2,008,362
|
Term Loan, (3 mo. USD Term SOFR + 4.25%), 7.98%, due 12/31/2029
|
1,248,539
|
|
272,834
|
Term Loan, (3 mo. USD Term SOFR + 5.75%), 9.48%, due 12/31/2029
|
274,062
|
|
1,582,719
|
Team Health Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.82%, due
6/30/2028
|
1,583,320
|
|
1,470,000
|
Team Services Group, Term Loan B, (3 mo. USD Term SOFR + 5.25%), 8.98%, due 3/31/2033
|
1,456,094
|
|
354,810
|
TTF Holdings LLC, Term Loan, (6 mo. USD Term SOFR + 3.75%), 7.38%, due 7/18/2031
|
278,820
|
|
|
|
25,945,266
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Health Care Technology 1.6%
|
||
|
|
Athenahealth Group, Inc.
|
|
|
$955,000
|
Term Loan B, (1 mo. USD Term SOFR), due 2/16/2032
|
$947,245
(d)(e)
|
|
973,042
|
Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 2/16/2032
|
965,140
|
|
1,561,076
|
Cotiviti Corp., Term Loan, (1 mo. USD Term SOFR + 2.75%), 6.40%, due 5/1/2031
|
1,462,728
|
|
3,030,000
|
Hologic, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.99%, due 4/7/2033
|
2,978,672
|
|
850,000
|
Imprivata, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.48%, due 11/30/2029
|
853,893
|
|
497,392
|
Zelis Payments Buyer, Inc., Term Loan, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
11/26/2031
|
487,733
|
|
|
|
7,695,411
|
|
Hotels, Restaurants & Leisure 3.1%
|
||
|
1,311,713
|
Allwyn Entertainment Financing U.S. LLC, First Lien Term Loan B, (3 mo. USD Term SOFR
+
2.50%), 6.32%, due 11/24/2032
|
1,297,612
|
|
|
Alterra Mountain Co.
|
|
|
877,388
|
Term Loan B9, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 8/17/2028
|
877,116
|
|
1,354,833
|
Term Loan B8, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 5/31/2030
|
1,353,708
|
|
1,061,975
|
Bingo Holdings I LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.48%, due 6/30/2032
|
1,059,320
|
|
1,515,000
|
Catawba Nation Gaming Authority, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.57%,
due
3/29/2032
|
1,519,924
|
|
1,645,000
|
Gaia Purchaser, Inc., Term Loan B, (1 mo. USD Term SOFR), due 6/25/2033
|
1,640,887
(d)(e)
|
|
1,411,683
|
GVC Holdings (Gibraltar) Ltd., Term Loan B6, (3 mo. USD Term SOFR + 2.25%), 5.98%,
due
10/31/2029
|
1,412,573
|
|
1,534,500
|
Herschend Entertainment Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
5/27/2032
|
1,538,336
|
|
835,987
|
Jack Ohio Finance LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due 2/2/2032
|
823,865
|
|
1,541,466
|
LC AHAB U.S. Bidco LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.32%, due 5/1/2031
|
1,538,260
|
|
661,617
|
Life Time Fitness, Inc., Term Loan, (1 mo. USD Term SOFR + 2.00%), 5.67%, due 11/5/2031
|
662,609
|
|
1,026,713
|
OEG Borrower LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.17%, due 6/30/2031
|
1,030,994
|
|
|
|
14,755,204
|
|
Household Durables 0.8%
|
||
|
2,082,411
|
Hunter Douglas, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.00%), 6.73%, due 1/20/2032
|
2,078,517
|
|
1,810,463
|
Weber-Stephen Products LLC, Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.48%, due
10/1/2032
|
1,792,647
|
|
|
|
3,871,164
|
|
Independent Power & Renewable Electricity Producers 1.1%
|
||
|
735,643
|
Carroll County Energy LLC, Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.48%, due
6/30/2031
|
737,174
|
|
760,321
|
Compass Power Generation LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
4/13/2029
|
760,526
|
|
954,560
|
Eastern Power LLC, Term Loan B, (1 mo. USD Term SOFR + 4.75%), 8.48%, due 4/3/2029
|
957,147
|
|
991,878
|
Hamilton Projects Acquiror LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
5/30/2031
|
993,118
|
|
|
Invenergy Thermal Operating I LLC
|
|
|
1,218,124
|
Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.37%, due 5/17/2032
|
1,220,792
|
|
76,833
|
Term Loan C, (3 mo. USD Term SOFR + 2.75%), 6.37%, due 5/17/2032
|
77,001
|
|
460,410
|
Kestrel Acquisition LLC, Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 11/6/2031
|
459,549
|
|
|
|
5,205,307
|
|
Insurance 2.6%
|
||
|
1,650,854
|
Acrisure LLC, First Lien Term Loan B6, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 11/6/2030
|
1,508,055
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Insurance – cont'd
|
||
|
$979,691
|
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
9/19/2031
|
$975,351
|
|
1,810,000
|
Bella Holding Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 6/16/2033
|
1,806,615
|
|
2,466,677
|
Broadstreet Partners, Inc., Term Loan B4, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
6/13/2031
|
2,424,472
|
|
2,281,588
|
Gainwell Acquisition Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.83%, due
10/1/2027
|
2,259,342
|
|
1,127,734
|
HUB International Ltd., Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.98%, due 6/20/2030
|
1,128,140
|
|
708,193
|
OneDigital Borrower LLC, Term Loan, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 7/2/2031
|
693,591
|
|
317,298
|
Truist Insurance Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%,
due
5/6/2031
|
311,746
|
|
1,108,877
|
USI, Inc., Term Loan C, (3 mo. USD Term SOFR + 2.25%), 5.98%, due 9/29/2030
|
1,107,081
|
|
|
|
12,214,393
|
|
IT Services 2.0%
|
||
|
1,439,919
|
Ahead DB Holdings LLC, Term Loan B4, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
2/3/2031
|
1,426,125
|
|
795,000
|
CyrusOne Holdco LLC, Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.74%, due 7/8/2033
|
768,169
|
|
1,147,591
|
Fortress Intermediate 3, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.68%,
due
6/27/2031
|
1,142,805
|
|
253,715
|
GTT Communications, Inc., Term Loan, (3 mo. USD Term SOFR + 14.00%), 14.00%, due
7/15/2031
|
204,664
(g)
|
|
1,860,000
|
Neptune Bidco U.S., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 8.86%, due 2/3/2033
|
1,847,743
|
|
|
Newfold Digital Holdings Group, Inc.
|
|
|
237,121
|
Term Loan, (1 mo. USD Term SOFR + 3.60%), 7.27%, due 4/30/2029
|
191,001
|
|
414,312
|
Term Loan, (1 mo. USD Term SOFR + 3.60%), 7.27%, due 4/30/2029
|
192,655
|
|
|
Rackspace Finance LLC
|
|
|
240,633
|
First Lien Term Loan, (1 mo. USD Term SOFR + 2.75%), 6.53%, due 5/15/2028
|
217,429
|
|
325,826
|
First Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.03%, due 5/15/2028
|
330,442
|
|
|
Redstone Holdco 2 LP
|
|
|
50,504
|
Term Loan, (3 mo. USD Term SOFR + 4.75%), 8.57%, due 12/31/2030
|
39,750
|
|
194,245
|
Term Loan, (3 mo. USD Term SOFR + 5.50%), 9.32%, due 12/31/2030
|
55,845
|
|
2,333,813
|
Sedgwick Claims Management Services, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%),
6.23%, due 7/31/2031
|
2,316,800
|
|
892,923
|
World Wide Technology Holding Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 2.00%),
5.73%, due 3/1/2030
|
890,137
|
|
|
|
9,623,565
|
|
Leisure Products 0.2%
|
||
|
1,036,842
|
SRAM LLC, Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.73%, due 2/27/2032
|
1,035,982
|
|
Life Sciences Tools & Services 0.1%
|
||
|
460,727
|
Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.73%, due 9/27/2030
|
462,220
|
|
Machinery 3.0%
|
||
|
250,000
|
American Trailer World Corp., Term Loan B, (1 mo. USD Term SOFR + 3.75%), 7.58%, due
3/3/2028
|
153,125
|
|
1,581,038
|
Astro Acquisition LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 8/30/2032
|
1,584,010
|
|
1,512,154
|
Barnes Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 1/27/2032
|
1,513,499
|
|
1,562,931
|
Columbus McKinnon Corp., Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.23%, due
2/3/2033
|
1,565,541
|
|
799,699
|
Crown Equipment Corp., First Lien Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.65%,
due
10/10/2031
|
800,203
|
|
1,110,310
|
EMRLD Borrower LP, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.07%, due 8/4/2031
|
1,109,943
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Machinery – cont'd
|
||
|
$1,882,349
|
Engineered Machinery Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.49%,
due 11/26/2032
|
$1,886,792
|
|
886,253
|
Illuminate Buyer LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 12/31/2029
|
879,233
|
|
1,501,338
|
LSF11 Trinity Bidco, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.24%, due
6/14/2030
|
1,497,585
|
|
420,000
|
LSF12 Badger Bidco LLC, Term Loan B, (1 mo. USD Term SOFR + 5.00%), 8.73%, due
8/30/2030
|
422,625
(f)
|
|
1,656,087
|
LSF12 Helix Parent LLC, Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 2/10/2033
|
1,636,429
|
|
1,290,018
|
TK Elevator Midco GmbH, Term Loan B, (6 mo. USD Term SOFR + 2.75%), 6.70%, due
4/30/2030
|
1,294,482
|
|
|
|
14,343,467
|
|
Media 2.7%
|
||
|
1,510,875
|
ABG Intermediate Holdings 2 LLC, Term Loan, (1 mo. USD Term SOFR + 2.25%), 5.98%,
due
2/13/2032
|
1,510,603
|
|
1,032,768
|
Charter Communications Operating LLC, Term Loan B5, (3 mo. USD Term SOFR + 2.25%),
5.98%, due 12/15/2031
|
992,036
|
|
1,593,712
|
CMG Media Corp., Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.33%, due 6/18/2029
|
1,474,184
|
|
5,060,769
|
Discovery Global Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
6/3/2033
|
5,063,958
|
|
760,974
|
Eagle Broadband Investments LLC, Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.99%,
due
11/12/2027
|
518,550
|
|
3,040,000
|
Electronic Arts, Inc., Term Loan B, (1 mo. USD Term SOFR), due 3/24/2033
|
3,055,595
(d)(e)
|
|
|
|
12,614,926
|
|
Metals & Mining 1.5%
|
||
|
746,603
|
Arsenal AIC Parent LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 8/19/2030
|
748,656
|
|
|
SCIH Salt Holdings, Inc.
|
|
|
1,668,379
|
Term Loan B, (6 mo. USD Term SOFR + 2.75%), 6.35%, due 1/31/2029
|
1,657,952
|
|
2,145,000
|
Term Loan B, (1 mo. USD Term SOFR), due 7/30/2031
|
2,131,594
(d)(e)
|
|
1,059,375
|
Trulite Holding Corp., Term Loan, (3 mo. USD Term SOFR + 6.00%), 9.73%, due 3/1/2030
|
970,652
|
|
1,435,000
|
Worthington Steel, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due 6/1/2033
|
1,439,664
|
|
|
|
6,948,518
|
|
Mortgage Real Estate Investment Trusts 0.6%
|
||
|
|
Blackstone Mortgage Trust, Inc.
|
|
|
244,706
|
Term Loan B4, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 5/9/2029
|
244,094
(f)
|
|
1,108,835
|
Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 12/10/2030
|
1,105,719
|
|
1,310,000
|
TPG RE Finance Trust, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due
5/16/2033
|
1,308,363
|
|
|
|
2,658,176
|
|
Oil, Gas & Consumable Fuels 4.5%
|
||
|
1,660,000
|
ACI Rover Parent LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.98%, due 6/9/2033
|
1,655,435
|
|
834,332
|
AL NGPL Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 5.73%, due 12/9/2030
|
833,498
|
|
1,667,400
|
Blackfin Pipeline LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.75%, due 9/29/2032
|
1,668,451
|
|
1,477,454
|
CPPIB OVM Member U.S. LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.98%, due
8/20/2031
|
1,477,720
|
|
1,640,888
|
Deep Blue Operating I LLC, Term Loan, (3 mo. USD Term SOFR + 2.25%), 5.90%, due
10/1/2032
|
1,638,836
(f)
|
|
1,323,191
|
EMG Utica LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.23%, due 4/1/2030
|
1,323,191
(f)
|
|
1,905,216
|
Freeport LNG Investments LLLP, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.98%,
due
2/11/2033
|
1,910,665
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Oil, Gas & Consumable Fuels – cont'd
|
||
|
$1,439,303
|
M6 ETX Holdings II Midco LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 2.50%),
6.23%, due 4/1/2032
|
$1,443,923
|
|
1,483,673
|
New Fortress Energy, Inc., Term Loan B, (3 mo. USD Term SOFR + 6.50%), 13.25%, due
10/30/2028
|
884,017
(j)
|
|
1,172,063
|
NGL Energy Partners LP, Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.18%, due 3/11/2033
|
1,177,196
|
|
1,395,000
|
Pelican Pipeline LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 3/25/2033
|
1,401,975
|
|
1,174,124
|
Prairie ECI Acquiror LP, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 8/1/2029
|
1,179,994
|
|
1,568,452
|
Rockpoint Gas Storage Partners LP, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.98%,
due 9/18/2031
|
1,569,440
|
|
1,475,000
|
Traverse Midstream Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.04%,
due
7/14/2033
|
1,473,156
|
|
1,675,000
|
Venture Global Calcasieu Pass LLC, Term Loan B, (6 mo. USD Term SOFR + 3.25%), 6.95%,
due 4/11/2033
|
1,685,201
|
|
|
|
21,322,698
|
|
Passenger Airlines 0.3%
|
||
|
1,362,750
|
American Airlines, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 5/28/2032
|
1,362,259
|
|
Personal Care Products 0.3%
|
||
|
1,223,858
|
Nourish Buyer I, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.76%, due 7/9/2032
|
1,229,218
|
|
Pharmaceuticals 1.4%
|
||
|
1,586,025
|
ACP Tara Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%, due
12/15/2032
|
1,586,421
|
|
2,602,205
|
Bausch Health Cos., Inc., Term Loan B, (1 mo. USD Term SOFR + 6.25%), 9.98%, due
10/8/2030
|
2,521,771
|
|
2,272,854
|
Opal Bidco SAS, Term Loan B4, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 4/28/2032
|
2,276,104
|
|
|
|
6,384,296
|
|
Professional Services 2.8%
|
||
|
1,876,650
|
AAL Delaware Holdco, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
7/30/2031
|
1,882,129
|
|
1,334,913
|
Berkeley Research Group LLC, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.98%, due
5/1/2032
|
1,334,699
|
|
689,445
|
CohnReznick LLP, Term Loan, (3 mo. USD Term SOFR + 3.25%), 6.98%, due 3/31/2032
|
674,505
|
|
1,201,326
|
Eisner Advisory Group LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), due 2/28/2031
|
1,180,459
(d)(e)
|
|
1,341,559
|
Element Materials Technology Group U.S. Holdings, Inc., Term Loan, (3 mo. USD Term
SOFR +
3.50%), 7.23%, due 7/6/2029
|
1,344,913
|
|
2,051,787
|
EOC Borrower LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 3/24/2032
|
2,054,988
|
|
523,200
|
First Advantage Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.48%, due
10/31/2031
|
521,940
|
|
731,746
|
Genuine Financial Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), due
9/27/2030
|
711,315
(d)(e)
|
|
1,582,642
|
Ryan LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.23%, due 11/5/2032
|
1,584,367
|
|
1,318,571
|
Salas O'brien, Inc., Term Loan, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 1/31/2033
|
1,320,220
(f)
|
|
980,025
|
Tempo Acquisition LLC, Term Loan B, (1 mo. USD Term SOFR + 1.75%), 5.48%, due 8/31/2028
|
836,452
|
|
|
|
13,445,987
|
|
Real Estate Management & Development 0.4%
|
||
|
1,682,909
|
Greystar Real Estate Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.92%,
due
8/21/2030
|
1,680,806
(f)
|
|
Semiconductors & Semiconductor Equipment 0.4%
|
||
|
1,722,553
|
Dwyer Instruments, Inc., Term Loan B, (1 mo. USD Term SOFR), due 7/15/2033
|
1,720,400
(d)(e)
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Software 9.3%
|
||
|
|
Applied Systems, Inc.
|
|
|
$838,007
|
First Lien Term Loan, (3 mo. USD Term SOFR + 2.25%), 5.98%, due 2/24/2031
|
$823,207
|
|
500,000
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 4.50%), 8.23%, due 2/23/2032
|
491,095
|
|
1,523,436
|
Avalara, Inc., Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.23%, due 3/26/2032
|
1,433,066
|
|
1,423,047
|
Bending Spoons U.S., Inc., Term Loan B, (1 mo. USD Term SOFR + 5.88%), 9.54%, due
3/7/2031
|
1,426,604
|
|
693,263
|
Calabrio, Inc., Term Loan, (3 mo. USD Term SOFR + 4.00%), 7.67%, due 11/26/2032
|
533,673
|
|
338,117
|
Cast & Crew Payroll LLC, Term Loan, (3 mo. USD Term SOFR + 3.75%), 7.57%, due 12/29/2028
|
114,960
|
|
871,017
|
Central Parent, Inc., Term Loan, (3 mo. USD Term SOFR + 3.25%), 6.98%, due 7/6/2029
|
432,608
|
|
|
Cloud Software Group, Inc.
|
|
|
315,000
|
Term Loan B, (3 mo. USD Term SOFR), due 3/21/2031
|
285,031
(d)(e)
|
|
320,000
|
Term Loan B, (3 mo. USD Term SOFR), due 8/13/2032
|
285,955
(d)(e)
|
|
872,076
|
Cloudera, Inc., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.58%, due 10/8/2028
|
769,067
|
|
1,229,777
|
ConnectWise LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.49%, due 9/29/2028
|
1,152,042
|
|
760,608
|
Constant Contact, Inc., Term Loan, (3 mo. USD Term SOFR + 4.00%), 8.01%, due 2/10/2028
|
719,535
|
|
245,000
|
Cvent, Inc., Term Loan B, (3 mo. USD Term SOFR), due 6/17/2030
|
237,912
(d)(e)
|
|
|
Darktrace PLC
|
|
|
1,148,609
|
First Lien Term Loan, (3 mo. USD Term SOFR + 3.25%), 6.99%, due 10/9/2031
|
1,049,542
|
|
470,000
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 5.25%), 8.99%, due 10/9/2032
|
413,130
|
|
2,195,000
|
Dayforce, Inc., Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.82%, due 2/4/2033
|
2,040,560
|
|
|
Ellucian Holdings, Inc.
|
|
|
1,012,979
|
First Lien Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 10/9/2029
|
975,498
|
|
470,000
|
Second Lien Term Loan, (1 mo. USD Term SOFR + 4.75%), 8.48%, due 11/22/2032
|
449,555
|
|
1,238,775
|
Entrata, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 9/30/2032
|
1,210,902
(f)
|
|
1,537,613
|
Epicor Software Corp., Term Loan F, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 5/30/2031
|
1,465,852
|
|
759,832
|
Foundational Education Group, Inc., First Lien Term Loan, (3 mo. USD Term SOFR + 4.25%),
8.33%, due 8/31/2028
|
700,315
|
|
1,561,935
|
Genesys Cloud Services Holdings II LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%),
6.23%, due 1/30/2032
|
1,503,206
|
|
1,132,163
|
IGT Holding IV AB, Term Loan B5, (3 mo. USD Term SOFR + 3.00%), 6.73%, due 9/1/2031
|
1,120,841
(f)
|
|
265,000
|
Imagine Learning LLC, Term Loan, (1 mo. USD Term SOFR), due 12/21/2029
|
235,519
(d)(e)
|
|
1,564,181
|
Instructure Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.45%, due
11/13/2031
|
1,461,117
|
|
|
Ivanti Software, Inc.
|
|
|
701,415
|
First Lien Term Loan, (3 mo. USD Term SOFR + 4.75%), 8.41%, due 6/1/2029
|
309,541
|
|
123,576
|
Term Loan, (3 mo. USD Term SOFR + 5.75%), 9.41%, due 6/1/2029
|
120,255
|
|
|
Javelin Buyer, Inc.
|
|
|
857,322
|
Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.57%, due 12/5/2031
|
815,527
|
|
225,000
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 5.00%), 8.67%, due 12/6/2032
|
201,751
|
|
|
Kaseya, Inc.
|
|
|
1,370,722
|
First Lien Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.07%, due 3/22/2032
|
1,024,999
|
|
540,000
|
Second Lien Term Loan B, (3 mo. USD Term SOFR + 5.00%), 8.82%, due 3/21/2033
|
303,302
|
|
1,572,338
|
McAfee LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), due 3/1/2029
|
1,417,919
(d)(e)
|
|
|
MH Sub I LLC
|
|
|
1,465,387
|
Term Loan, (1 mo. USD Term SOFR + 4.25%), 7.98%, due 5/3/2028
|
1,419,285
|
|
1,411,225
|
Term Loan B4, (1 mo. USD Term SOFR + 4.25%), 7.98%, due 12/31/2031
|
1,258,460
|
|
245,000
|
OceanKey (U.S.) II Corp., Term Loan, (1 mo. USD Term SOFR), due 12/15/2028
|
235,575
(d)(e)
|
|
1,680,788
|
Ping Identity Corp., Term Loan, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 11/15/2032
|
1,647,172
(f)
|
|
762,260
|
Project Alpha Intermediate Holding, Inc., Second Lien Term Loan, (3 mo. USD Term SOFR
+
5.00%), 8.73%, due 5/9/2033
|
453,072
|
|
693,534
|
Project Leopard Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.25%), 9.17%,
due
7/20/2029
|
417,279
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Software – cont'd
|
||
|
|
Proofpoint, Inc.
|
|
|
$2,113,782
|
Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.73%, due 8/31/2028
|
$2,075,480
|
|
2,420,000
|
Term Loan B, (1 mo. USD Term SOFR), due 8/30/2030
|
2,376,150
(d)(e)
|
|
1,568,776
|
RealPage, Inc., Term Loan, (3 mo. USD Term SOFR + 3.75%), 7.48%, due 4/24/2028
|
1,507,625
|
|
990,000
|
Relativity ODA LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.48%, due 1/30/2033
|
975,150
(f)
|
|
578,535
|
Storable Intermediate Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%,
due 4/16/2031
|
459,357
|
|
1,855,411
|
Surf Holdings LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.35%, due 3/5/2027
|
1,746,740
|
|
1,230,237
|
UKG, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.25%), due 2/10/2031
|
1,179,957
(d)(e)
|
|
|
Vision Solutions, Inc.
|
|
|
1,420,223
|
Term Loan, (3 mo. USD Term SOFR + 4.00%), 8.08%, due 4/24/2028
|
1,141,860
|
|
835,000
|
Second Lien Term Loan, (3 mo. USD Term SOFR + 7.25%), 11.33%, due 4/23/2029
|
520,480
|
|
1,288,059
|
VS Buyer LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.07%, due 4/12/2031
|
1,235,249
|
|
|
|
44,172,977
|
|
Specialized REITs 0.2%
|
||
|
999,975
|
Windstream Services LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.73%, due
10/6/2032
|
999,975
(f)
|
|
Specialty Retail 2.1%
|
||
|
2,182,188
|
Great Outdoors Group LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
1/23/2032
|
2,189,978
|
|
|
Mavis Tire Express Services Corp.
|
|
|
1,821,938
|
Term Loan, (6 mo. USD Term SOFR + 3.00%), 6.67%, due 5/4/2028
|
1,817,383
|
|
515,000
|
Term Loan, (6 mo. USD Term SOFR + 3.25%), 6.92%, due 5/6/2033
|
513,713
|
|
746,308
|
Men's Wearhouse, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.75%), 9.41%, due 1/28/2031
|
751,674
|
|
1,560,000
|
Michaels Cos., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 8.73%, due 3/15/2033
|
1,555,928
|
|
932,663
|
Petco Health & Wellness Co., Inc., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 7.98%,
due
2/3/2031
|
929,883
|
|
1,970,100
|
PetSmart, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.72%, due 8/18/2032
|
1,973,055
|
|
|
|
9,731,614
|
|
Technology Hardware, Storage & Peripherals 0.5%
|
||
|
919,123
|
Coreweave Financing DDTL V LLC, Term Loan, (1 mo. USD Term SOFR + 4.50%), 8.12% –
8.14%, due 11/17/2031
|
916,825
(h)
|
|
1,621,850
|
Spectris PLC, Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.48%, due 12/6/2032
|
1,627,251
|
|
|
|
2,544,076
|
|
Trading Companies & Distributors 3.3%
|
||
|
1,331,315
|
Azorra Soar TLB Finance Ltd., Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.16%, due
10/18/2029
|
1,334,643
|
|
1,825,311
|
Barentz International BV, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.08%, due 3/3/2031
|
1,805,160
|
|
1,894,212
|
BCPE Empire Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
12/11/2030
|
1,868,754
|
|
1,705,738
|
CD&R Hydra Buyer, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.83%, due 3/25/2031
|
1,710,957
|
|
1,553,983
|
Fluid-Flow Products, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due
3/4/2033
|
1,560,292
|
|
1,321,463
|
Johnstone Supply LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 5.90%, due 6/9/2031
|
1,319,507
|
|
795,956
|
PEARLS (Netherlands) Bidco BV, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.07%,
due
2/26/2029
|
725,315
|
|
1,895,000
|
QXO, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.73%, due 7/1/2033
|
1,891,324
|
|
2,237,367
|
Veritiv Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.73%, due 12/2/2030
|
2,123,507
|
|
1,383,351
|
White Cap Buyer LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.98%, due 10/19/2029
|
1,380,764
|
|
|
|
15,720,223
|
|
Principal Amount
|
Value
|
|
|
|
||
|
Transportation Infrastructure 1.1%
|
||
|
|
Brown Group Holding LLC
|
|
|
$1,590,768
|
Term Loan B2, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 6.17% –
6.23%, due 7/1/2031
|
$1,594,013
(h)
|
|
993,078
|
Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 7/1/2031
|
995,352
|
|
1,560,614
|
KKR Apple Bidco LLC, Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.23%, due 9/23/2031
|
1,564,063
|
|
1,098,632
|
Radar Bidco SARL, Term Loan, (3 mo. USD Term SOFR + 2.75%), 6.50%, due 4/4/2031
|
1,099,094
|
|
|
|
5,252,522
|
|
Total Loan Assignments (Cost $440,261,228)
|
430,467,956
|
|
|
Number of Shares
|
|
|
|
|
||
|
Common Stocks 0.5%
|
||
|
Commercial Services 0.2%
|
||
|
45,996
|
Envision Healthcare Corp.
|
827,928
*
|
|
Containers & Packaging 0.1%
|
||
|
11,655
|
Klockner Pentaplast Ltd. Class A
|
23,022
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class B
|
23,022
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class C
|
23,022
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class D
|
23,023
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class E
|
23,023
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class F
|
23,023
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class G
|
23,023
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class H
|
23,023
*
|
|
11,655
|
Klockner Pentaplast Ltd. Class I
|
23,023
*
|
|
|
|
207,204
|
|
Diversified Telecommunication Services 0.1%
|
||
|
20,026
|
Luxco Co. Ltd.
|
383,066
*
|
|
Energy Equipment & Services 0.1%
|
||
|
44,476
|
Brock Holdings III, Inc.
|
619,106
*#(f)(i)
|
|
IT Services 0.0%‡
|
||
|
4,020
|
Riverbed Technology, Inc.
|
40
*(f)
|
|
Total Common Stocks (Cost $2,082,314)
|
2,037,344
|
|
|
Short-Term Investments 6.3%
|
||
|
Investment Companies 6.3%
|
||
|
29,990,429
|
State Street Institutional U.S. Government Money Market Fund Premier Class, 3.68%(k)
(Cost $29,990,429)
|
29,990,429
|
|
Total Investments 102.1% (Cost $493,827,379)
|
483,834,736
|
|
|
Liabilities Less Other Assets (2.1)%
|
(9,877,548
)(l)
|
|
|
Net Assets 100.0%
|
$473,957,188
|
|
|
‡
|
Represents less than 0.05% of net assets of the Fund.
|
|
*
|
Non-income producing security.
|
|
(a)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted
from
registration, may only be sold to qualified institutional investors or may have other
restrictions on resale.
At July 31, 2026, these securities amounted to $20,294,818, which represents 4.3%
of net assets of the
Fund.
|
|
(b)
|
Variable or floating rate security. The interest rate shown was the current rate as
of July 31, 2026 and
changes periodically.
|
|
(c)
|
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 directed selling efforts in the United States and as such may have
restrictions on resale.
Total value of all such securities at July 31, 2026 amounted to $1,044,189, which
represents 0.2% of
net assets of the Fund.
|
|
(d)
|
All or a portion of this security was purchased on a delayed delivery basis.
|
|
(e)
|
All or a portion of this security had not settled as of July 31, 2026 and thus may
not have an interest
rate in effect. Interest rates do not take effect until settlement.
|
|
(f)
|
Value determined using significant unobservable inputs.
|
|
(g)
|
Payment-in-kind (PIK) security.
|
|
(h)
|
The stated interest rates represent the range of rates at July 31, 2026 of the underlying
contracts within
the Loan Assignment.
|
|
(i)
|
Security fair valued as of July 31, 2026 in accordance with procedures approved by
the valuation
designee. Total value of all such securities at July 31, 2026 amounted to $970,026,
which represents
0.2% of net assets of the Fund.
|
|
(j)
|
Defaulted security.
|
|
(k)
|
Represents 7-day effective yield as of July 31, 2026.
|
|
(l)
|
As of July 31, 2026, the value of unfunded loan commitments was $5,962,728 for the
Fund (see Notes
to Schedule of Investments).
|
|
Restricted Security
|
Acquisition
Date(s)
|
Acquisition
Cost
|
Value as of
7/31/2026
|
Fair Value
Percentage
of Net Assets
as of
7/31/2026
|
|
Brock Holdings III, Inc.
|
1/22/2024
|
$536,582
|
$619,106
|
0.1%
|
|
Resilience Parent LLC
|
2/25/2026
|
350,165
|
350,920
|
0.1%
|
|
Total
|
|
$886,747
|
$970,026
|
0.2%
|
|
POSITIONS BY COUNTRY
|
||
|
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
|
United States
|
$393,668,988
|
83.1%
|
|
Cayman Islands
|
12,018,609
|
2.5%
|
|
United Kingdom
|
7,513,075
|
1.6%
|
|
Luxembourg
|
6,046,461
|
1.3%
|
|
Canada
|
5,984,187
|
1.3%
|
|
Netherlands
|
5,732,004
|
1.2%
|
|
France
|
5,031,480
|
1.1%
|
|
Jersey
|
3,001,466
|
0.6%
|
|
Sweden
|
2,930,731
|
0.6%
|
|
Hong Kong
|
2,034,843
|
0.4%
|
|
Germany
|
1,900,987
|
0.4%
|
|
Spain
|
1,817,052
|
0.4%
|
|
Denmark
|
1,512,457
|
0.3%
|
|
Finland
|
1,442,667
|
0.3%
|
|
Switzerland
|
1,279,077
|
0.3%
|
|
Bermuda
|
990,223
|
0.2%
|
|
Australia
|
940,000
|
0.2%
|
|
Short-Term Investments and Other Liabilities—Net
|
20,112,881
|
4.2%
|
|
|
$473,957,188
|
100.0%
|
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3(a)
|
Total
|
|
Investments:
|
|
|
|
|
|
Asset-Backed Securities#
|
$—
|
$14,675,655
|
$—
|
$14,675,655
|
|
Corporate Bonds#
|
—
|
6,663,352
|
—
|
6,663,352
|
|
Loan Assignments
|
|
|
|
|
|
Capital Markets
|
—
|
16,683,300
|
1,994,240
|
18,677,540
|
|
Chemicals
|
—
|
10,168,093
|
1,742,929
|
11,911,022
|
|
Construction & Engineering
|
—
|
4,985,624
|
2,594,737
|
7,580,361
|
|
Electrical Equipment
|
—
|
4,697,039
|
350,920
|
5,047,959
|
|
Electronic Equipment, Instruments & Components
|
—
|
1,958,305
|
2,676,498
|
4,634,803
|
|
Energy Equipment & Services
|
—
|
989,478
|
1,542,470
|
2,531,948
|
|
Entertainment
|
—
|
5,072,688
|
683,117
|
5,755,805
|
|
Financial Services
|
—
|
8,049,551
|
940,000
|
8,989,551
|
|
Health Care Providers & Services
|
—
|
24,168,047
|
1,777,219
|
25,945,266
|
|
Machinery
|
—
|
13,920,842
|
422,625
|
14,343,467
|
|
Mortgage Real Estate Investment Trusts
|
—
|
2,414,082
|
244,094
|
2,658,176
|
|
Oil, Gas & Consumable Fuels
|
—
|
18,360,671
|
2,962,027
|
21,322,698
|
|
Professional Services
|
—
|
12,125,767
|
1,320,220
|
13,445,987
|
|
Real Estate Management & Development
|
—
|
—
|
1,680,806
|
1,680,806
|
|
Software
|
—
|
39,218,912
|
4,954,065
|
44,172,977
|
|
Specialized REITs
|
—
|
—
|
999,975
|
999,975
|
|
Other Loan Assignments#
|
—
|
240,769,615
|
—
|
240,769,615
|
|
Total Loan Assignments
|
—
|
403,582,014
|
26,885,942
|
430,467,956
|
|
Common Stocks
|
|
|
|
|
|
Energy Equipment & Services
|
—
|
—
|
619,106
|
619,106
|
|
IT Services
|
—
|
—
|
40
|
40
|
|
Other Common Stocks#
|
—
|
1,418,198
|
—
|
1,418,198
|
|
Total Common Stocks
|
—
|
1,418,198
|
619,146
|
2,037,344
|
|
Short-Term Investments
|
—
|
29,990,429
|
—
|
29,990,429
|
|
Total Investments
|
$—
|
$456,329,648
|
$27,505,088
|
$483,834,736
|
|
#
|
The Schedule of Investments provides information on the industry or sector categorization
as well as a
Positions by Country summary.
|
|
(a)
|
The following is a reconciliation between the beginning and ending balances of investments
in which
significant unobservable inputs (Level 3) were used in determining value:
|
|
(000's
omitted)
|
Beginning
balance as
of
11/1/2025
|
Accrued
discounts/
(premiums)
|
Realized
gain/(loss)
|
Change
in unrealized
appreciation/
(depreciation)
|
Purchases
|
Sales/
Other
Reductions
|
Transfers
into
Level 3
|
Transfers
out of
Level 3
|
Balance
as of
7/31/2026
|
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2026
|
|
Investments in
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
Loan
Assignments(1)(2)(3)(4)
|
$45,406
|
$43
|
$45
|
$(428
)
|
$12,000
|
$(18,846
)
|
$12,734
|
$(24,068
)
|
$26,886
|
$(298
)
|
|
Common Stocks(1)(4)
|
619
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
619
|
—
|
|
Total
|
$46,025
|
$43
|
$45
|
$(428
)
|
$12,000
|
$(18,846
)
|
$12,734
|
$(24,068
)
|
$27,505
|
$(298
)
|
|
(1)
Includes securities categorized as Level 3 that were valued using a single quotation
obtained
from a dealer.
|
||||||||||
|
(2)
Includes securities that at July 31, 2026, were valued in accordance with procedures
approved
by the valuation designee. These investments did not have a material impact on the
Fund's net
assets and, therefore, disclosure of significant unobservable inputs used in formulating
valuations is not presented.
|
||||||||||
|
(3)
Transfers out of Level 3 were attributable to observable market data becoming available
for those
securities. Transfers into of Level 3 were attributable to observable market data
becoming
unavailable for those securities.Transfers in or out of Level 3 represent the beginning
value of any
security where a change in the pricing level occurred from the beginning to the end
of the
period.
|
||||||||||
|
(4)
Quantitative Information about Level 3 Fair Value Measurements:
|
||||||
|
Investment type
|
Fair value
at
7/31/2026
|
Valuation
approach
|
Significant unobservable
input(s)
|
Input value/
range
|
Weighted
average(a)
|
Impact to
valuation
from
increase
in input(b)
|
|
Common Stocks
|
$619,106
|
Market Approach
|
Enterprise value/
EBITDA multiple (EV/EBITDA)
|
9.5x
|
9.5x
|
Increase
|
|
Loan Assignments
|
350,920
|
Market Approach
|
Discount rate
|
9.9%
|
9.9%
|
Increase
|
|
(a)
The weighted averages disclosed in the table above were weighted by relative fair
value.
|
||||||
|
(b)
Represents the expected directional change in the fair value of the Level 3 investments
that
would result from an increase or decrease in the corresponding input. Significant
changes
in these inputs could result in significantly higher or lower fair value measurements.
|
||||||
|
Principal Amount
|
Value
|
|||||
|
Asset-Backed Securities 0.3%
|
|
|
|
|||
|
Other 0.3%
|
|
|
|
|||
|
$
|
500,000
|
Apidos CLO LVIII, Series 2026-58A, Class D1, (2.40% - 3 mo. USD Term SOFR), 0.00%,
due
10/20/2039
|
$500,000
(a)(b)(c)
|
|||
|
|
750,000
|
Ballyrock CLO Ltd., Series 2024-26AR, Class C1R, (3 mo. USD Term SOFR + 2.65%), 0.00%,
due 7/25/2039
|
750,000
(a)(b)(c)
|
|||
|
Total Asset-Backed Securities (Cost $1,250,000)
|
1,250,000
|
|||||
|
|
||||||
|
Corporate Bonds 94.7%
|
||||||
|
Advertising 1.2%
|
|
|||||
|
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|||
|
|
1,010,000
|
7.88%, due 4/1/2030
|
1,048,908
(a)
|
|||
|
|
700,000
|
7.13%, due 2/15/2031
|
722,054
(a)
|
|||
|
|
700,000
|
7.50%, due 3/15/2033
|
733,737
(a)
|
|||
|
|
515,000
|
CMG Media Corp., 8.88%, due 6/18/2029
|
372,606
(a)
|
|||
|
|
|
Neptune Bidco U.S., Inc.
|
|
|||
|
|
1,465,000
|
9.29%, due 4/15/2029
|
1,492,606
(a)
|
|||
|
|
445,000
|
10.38%, due 5/15/2031
|
465,890
(a)
|
|||
|
|
5,000
|
9.50%, due 2/15/2033
|
5,093
(a)
|
|||
|
|
|
|
4,840,894
|
|||
|
Aerospace & Defense 2.1%
|
|
|||||
|
|
1,400,000
|
AAR Escrow Issuer LLC, 6.75%, due 3/15/2029
|
1,430,191
(a)
|
|||
|
|
|
Bombardier, Inc.
|
|
|||
|
|
730,000
|
7.25%, due 7/1/2031
|
760,347
(a)
|
|||
|
|
850,000
|
7.00%, due 6/1/2032
|
875,772
(a)
|
|||
|
|
470,000
|
6.75%, due 6/15/2033
|
484,085
(a)
|
|||
|
|
1,460,000
|
Goat Holdco LLC, 6.75%, due 2/1/2032
|
1,483,410
(a)
|
|||
|
|
|
TransDigm, Inc.
|
|
|||
|
|
1,795,000
|
6.63%, due 3/1/2032
|
1,825,030
(a)
|
|||
|
|
995,000
|
6.38%, due 5/31/2033
|
994,748
(a)
|
|||
|
|
965,000
|
6.75%, due 1/31/2034
|
980,703
(a)
|
|||
|
|
|
|
8,834,286
|
|||
|
Apparel 0.6%
|
|
|||||
|
|
1,252,831
|
Beach Acquisition Bidco LLC, 10.00% Cash/10.75% PIK, due 7/15/2033
|
1,344,925
(a)(d)
|
|||
|
|
545,000
|
Champ Acquisition Corp., 8.38%, due 12/1/2031
|
568,407
(a)
|
|||
|
|
820,000
|
VF Corp., 2.95%, due 4/23/2030
|
736,694
|
|||
|
|
|
|
2,650,026
|
|||
|
Auto Manufacturers 0.5%
|
|
|||||
|
|
|
Nissan Motor Acceptance Co. LLC
|
|
|||
|
|
290,000
|
7.05%, due 9/15/2028
|
295,917
(a)
|
|||
|
|
240,000
|
5.63%, due 9/29/2028
|
238,573
(a)
|
|||
|
|
115,000
|
5.55%, due 9/13/2029
|
111,839
(a)
|
|||
|
|
200,000
|
6.13%, due 9/30/2030
|
195,321
(a)
|
|||
|
|
|
Nissan Motor Co. Ltd.
|
|
|||
|
|
375,000
|
7.50%, due 7/17/2030
|
384,101
(a)
|
|||
|
|
705,000
|
4.81%, due 9/17/2030
|
653,497
(a)
|
|||
|
|
110,000
|
7.75%, due 7/17/2032
|
113,628
(a)
|
|||
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Auto Manufacturers – cont'd
|
|
|||
|
$
|
180,000
|
8.13%, due 7/17/2035
|
$189,929
(a)
|
|
|
|
|
|
2,182,805
|
|
|
Auto Parts & Equipment 2.3%
|
|
|||
|
|
1,835,000
|
Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 9/15/2032
|
1,848,783
(a)
|
|
|
|
|
Cyprium Corp./Cyprium Holdings Luxembourg SARL
|
|
|
|
|
755,000
|
6.13%, due 4/15/2031
|
748,303
(a)
|
|
|
|
965,000
|
6.38%, due 4/15/2034
|
950,710
(a)
|
|
|
|
818,850
|
Dexko Global, Inc., 7.50%, due 4/15/2032
|
681,791
(a)
|
|
|
|
1,630,000
|
Forvia SE, 6.75%, due 9/15/2033
|
1,621,940
(a)
|
|
|
|
510,000
|
Goodyear Tire & Rubber Co., 8.88%, due 7/15/2032
|
523,444
|
|
|
|
|
IHO Verwaltungs GmbH
|
|
|
|
|
935,000
|
7.75% Cash/8.50% PIK, due 11/15/2030
|
969,096
(a)(d)
|
|
|
|
115,000
|
8.00% Cash/8.75% PIK, due 11/15/2032
|
120,756
(a)(d)
|
|
|
|
375,000
|
7.38%, due 5/15/2033
|
388,695
(a)
|
|
|
|
|
ZF North America Capital, Inc.
|
|
|
|
|
540,000
|
6.88%, due 4/14/2028
|
549,723
(a)
|
|
|
|
610,000
|
6.75%, due 4/23/2030
|
605,346
(a)
|
|
|
|
520,000
|
7.50%, due 3/24/2031
|
523,626
(a)
|
|
|
|
|
|
9,532,213
|
|
|
Banks 0.2%
|
|
|||
|
|
930,000
|
Walker & Dunlop, Inc., 6.63%, due 4/1/2033
|
931,285
(a)
|
|
|
Building Materials 2.7%
|
|
|||
|
|
|
Builders FirstSource, Inc.
|
|
|
|
|
550,000
|
6.38%, due 3/1/2034
|
539,684
(a)
|
|
|
|
515,000
|
6.75%, due 5/15/2035
|
509,880
(a)
|
|
|
|
415,000
|
Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028
|
213,359
(a)
|
|
|
|
430,000
|
Cornerstone Building Brands, Inc., 9.50%, due 8/15/2029
|
220,857
(a)
|
|
|
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
|
1,055,000
|
6.63%, due 12/15/2030
|
1,072,299
(a)
|
|
|
|
790,000
|
6.75%, due 7/15/2031
|
810,251
(a)
|
|
|
|
600,000
|
JELD-WEN Holding, Inc., 7.00%, due 9/1/2032
|
365,736
(a)
|
|
|
|
425,000
|
Jeld-Wen, Inc., 4.88%, due 12/15/2027
|
342,037
(a)
|
|
|
|
525,000
|
JH North America Holdings, Inc., 6.13%, due 7/31/2032
|
525,410
(a)
|
|
|
|
1,140,000
|
Knife River Corp., 7.75%, due 5/1/2031
|
1,175,936
(a)
|
|
|
|
875,000
|
Masterbrand, Inc., 7.00%, due 7/15/2032
|
875,494
(a)
|
|
|
|
285,000
|
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032
|
280,610
(a)
|
|
|
|
600,000
|
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
|
555,266
(a)
|
|
|
|
1,425,000
|
Quikrete Holdings, Inc., 6.38%, due 3/1/2032
|
1,442,391
(a)
|
|
|
|
|
Standard Building Solutions, Inc.
|
|
|
|
|
920,000
|
6.50%, due 8/15/2032
|
921,760
(a)
|
|
|
|
1,600,000
|
6.25%, due 8/1/2033
|
1,582,516
(a)
|
|
|
|
|
|
11,433,486
|
|
|
Chemicals 3.6%
|
|
|||
|
|
510,000
|
Ashland, Inc., 6.88%, due 5/15/2043
|
518,795
|
|
|
|
705,000
|
Axalta Coating Systems Dutch Holding B BV, 7.25%, due 2/15/2031
|
729,147
(a)
|
|
|
|
1,290,000
|
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2, 7.13%,
due
6/15/2033
|
1,297,974
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Chemicals – cont'd
|
|
|||
|
|
|
Celanese U.S. Holdings LLC
|
|
|
|
$
|
725,000
|
7.55%, due 11/15/2030
|
$763,185
|
|
|
|
285,000
|
7.00%, due 2/15/2031
|
292,209
|
|
|
|
420,000
|
7.38%, due 7/15/2032
|
439,451
|
|
|
|
280,000
|
7.70%, due 11/15/2033
|
296,391
|
|
|
|
300,000
|
7.38%, due 2/15/2034
|
308,594
|
|
|
|
|
FMC Corp.
|
|
|
|
|
155,000
|
3.45%, due 10/1/2029
|
142,441
|
|
|
|
205,000
|
8.00%, due 6/1/2031
|
211,976
(a)
|
|
|
|
155,000
|
6.38%, due 5/18/2053
|
120,653
|
|
|
|
120,000
|
8.45%, due 11/1/2055
|
90,259
(e)
|
|
|
|
340,000
|
HB Fuller Co., 4.00%, due 2/15/2027
|
337,093
|
|
|
|
|
Olympus Water U.S. Holding Corp.
|
|
|
|
|
1,715,000
|
6.25%, due 10/1/2029
|
1,693,363
(a)
|
|
|
|
340,000
|
7.25%, due 6/15/2031
|
343,581
(a)
|
|
|
|
1,005,000
|
6.75%, due 8/1/2032
|
978,119
(a)
|
|
|
|
445,000
|
7.25%, due 2/15/2033
|
435,908
(a)
|
|
|
|
|
SCIH Salt Holdings, Inc.
|
|
|
|
|
2,425,000
|
6.63%, due 8/15/2031
|
2,424,565
(a)(c)
|
|
|
|
1,255,000
|
8.00%, due 8/15/2032
|
1,245,514
(a)(c)
|
|
|
|
|
WR Grace Holdings LLC
|
|
|
|
|
770,000
|
5.63%, due 8/15/2029
|
706,947
(a)
|
|
|
|
1,075,000
|
7.38%, due 3/1/2031
|
1,065,892
(a)
|
|
|
|
640,000
|
6.63%, due 8/15/2032
|
609,291
(a)
|
|
|
|
|
|
15,051,348
|
|
|
Commercial Services 6.9%
|
|
|||
|
|
665,000
|
ADT Security Corp., 5.88%, due 10/15/2033
|
644,799
(a)
|
|
|
|
1,580,000
|
Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%, due 5/21/2030
|
1,609,503
(a)
|
|
|
|
1,405,000
|
Allied Universal Holdco LLC, 7.88%, due 2/15/2031
|
1,458,744
(a)
|
|
|
|
|
Allied Universal Holdco LLC/Allied Universal Finance Corp.
|
|
|
|
|
1,865,000
|
6.00%, due 6/1/2029
|
1,848,585
(a)
|
|
|
|
555,000
|
6.88%, due 6/15/2030
|
567,102
(a)
|
|
|
|
|
Block, Inc.
|
|
|
|
|
1,890,000
|
6.50%, due 5/15/2032
|
1,909,474
|
|
|
|
310,000
|
6.00%, due 8/15/2033
|
307,423
(a)
|
|
|
|
1,705,000
|
Carrix, Inc., 6.13%, due 8/1/2033
|
1,697,125
(a)
|
|
|
|
275,000
|
Clarivate Science Holdings Corp., 4.88%, due 7/1/2029
|
253,224
(a)
|
|
|
|
|
EquipmentShare.com, Inc.
|
|
|
|
|
425,000
|
9.00%, due 5/15/2028
|
431,477
(a)
|
|
|
|
195,000
|
8.63%, due 5/15/2032
|
199,432
(a)
|
|
|
|
1,835,000
|
8.00%, due 3/15/2033
|
1,848,895
(a)
|
|
|
|
805,000
|
7.13%, due 7/1/2034
|
768,877
(a)
|
|
|
|
|
Garda World Security Corp.
|
|
|
|
|
940,000
|
6.00%, due 6/1/2029
|
926,377
(a)
|
|
|
|
520,000
|
6.50%, due 1/15/2031
|
525,723
(a)
|
|
|
|
895,000
|
8.25%, due 8/1/2032
|
907,602
(a)
|
|
|
|
1,010,000
|
8.38%, due 11/15/2032
|
1,026,152
(a)
|
|
|
|
|
Herc Holdings, Inc.
|
|
|
|
|
1,335,000
|
7.00%, due 6/15/2030
|
1,376,744
(a)
|
|
|
|
1,779,000
|
7.25%, due 6/15/2033
|
1,835,681
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Commercial Services – cont'd
|
|
|||
|
$
|
190,000
|
6.00%, due 3/15/2034
|
$186,282
(a)
|
|
|
|
540,000
|
Mavis Tire Express Services Topco Corp., 6.50%, due 5/15/2029
|
531,694
(a)
|
|
|
|
1,605,000
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032
|
1,607,273
(a)
|
|
|
|
1,805,000
|
Synergy Infrastructure Holdings LLC, 7.00%, due 7/15/2034
|
1,820,897
(a)
|
|
|
|
1,050,000
|
VM Consolidated, Inc., 5.50%, due 4/15/2029
|
981,367
(a)
|
|
|
|
1,645,000
|
Wand NewCo 3, Inc., 7.63%, due 1/30/2032
|
1,688,903
(a)
|
|
|
|
580,000
|
WEX, Inc., 6.50%, due 3/15/2033
|
576,296
(a)
|
|
|
|
|
Williams Scotsman, Inc.
|
|
|
|
|
660,000
|
6.63%, due 6/15/2029
|
671,151
(a)
|
|
|
|
125,000
|
6.63%, due 4/15/2030
|
127,811
(a)
|
|
|
|
799,000
|
7.38%, due 10/1/2031
|
823,800
(a)
|
|
|
|
|
|
29,158,413
|
|
|
Computers 1.3%
|
|
|||
|
|
1,855,000
|
Amentum Holdings, Inc., 7.25%, due 8/1/2032
|
1,905,814
(a)
|
|
|
|
1,340,000
|
CACI International, Inc., 6.38%, due 6/15/2033
|
1,350,369
(a)
|
|
|
|
1,240,000
|
Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031
|
1,261,678
(a)
|
|
|
|
660,000
|
Insight Enterprises, Inc., 6.63%, due 5/15/2032
|
663,691
(a)
|
|
|
|
500,000
|
McAfee Corp., 7.38%, due 2/15/2030
|
423,938
(a)
|
|
|
|
|
|
5,605,490
|
|
|
Cosmetics - Personal Care 0.1%
|
|
|||
|
|
245,000
|
Prestige Brands, Inc., 6.25%, due 7/15/2034
|
245,692
(a)
|
|
|
Distribution - Wholesale 1.8%
|
|
|||
|
|
980,000
|
ADI Escrow Issuer LLC, 7.13%, due 7/15/2034
|
999,055
(a)
|
|
|
|
465,000
|
Core & Main LP, 6.00%, due 7/1/2034
|
462,402
(a)
|
|
|
|
810,000
|
Dealer Tire Financial LLC, 10.38%, due 10/1/2031
|
786,706
(a)
|
|
|
|
500,000
|
Gates Corp., 6.88%, due 7/1/2029
|
510,062
(a)
|
|
|
|
1,195,000
|
Resideo Funding II LLC, 6.50%, due 7/15/2032
|
1,195,403
(a)
|
|
|
|
230,000
|
S&S Holdings LLC, 8.38%, due 10/1/2031
|
222,099
(a)
|
|
|
|
1,540,000
|
Veritiv Operating Co., 10.50%, due 11/30/2030
|
1,579,932
(a)
|
|
|
|
1,725,000
|
Windsor Holdings III LLC, 8.50%, due 6/15/2030
|
1,794,788
(a)
|
|
|
|
|
|
7,550,447
|
|
|
Diversified Financial Services 4.9%
|
|
|||
|
|
1,635,000
|
Champions Financing, Inc., 8.75%, due 2/15/2029
|
1,617,841
(a)(f)
|
|
|
|
775,000
|
Focus Financial Partners LLC, 6.75%, due 9/15/2031
|
770,156
(a)
|
|
|
|
620,000
|
Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032
|
622,727
(a)
|
|
|
|
1,075,000
|
Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027
|
1,092,118
(a)
|
|
|
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
1,265,000
|
7.13%, due 4/30/2031
|
1,305,509
(a)
|
|
|
|
615,000
|
6.13%, due 11/1/2032
|
611,925
(a)
|
|
|
|
655,000
|
6.75%, due 5/1/2033
|
667,523
(a)
|
|
|
|
|
Navient Corp.
|
|
|
|
|
150,000
|
4.88%, due 3/15/2028
|
146,614
|
|
|
|
440,000
|
5.50%, due 3/15/2029
|
421,425
|
|
|
|
|
OneMain Finance Corp.
|
|
|
|
|
1,090,000
|
6.63%, due 5/15/2029
|
1,103,335
|
|
|
|
1,605,000
|
6.13%, due 5/15/2030
|
1,595,360
|
|
|
|
160,000
|
7.50%, due 5/15/2031
|
164,000
|
|
|
|
655,000
|
7.13%, due 11/15/2031
|
663,770
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Diversified Financial Services – cont'd
|
|
|||
|
$
|
605,000
|
6.75%, due 3/15/2032
|
$602,068
|
|
|
|
|
PennyMac Financial Services, Inc.
|
|
|
|
|
620,000
|
7.13%, due 11/15/2030
|
618,066
(a)
|
|
|
|
400,000
|
5.75%, due 9/15/2031
|
370,773
(a)
|
|
|
|
795,000
|
Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029
|
820,851
(a)
|
|
|
|
|
Rocket Cos., Inc.
|
|
|
|
|
450,000
|
6.50%, due 8/1/2029
|
455,911
(a)
|
|
|
|
565,000
|
6.13%, due 8/1/2030
|
569,580
(a)
|
|
|
|
1,635,000
|
6.13%, due 8/1/2031
|
1,642,451
(a)
|
|
|
|
565,000
|
7.13%, due 2/1/2032
|
579,095
(a)
|
|
|
|
175,000
|
6.38%, due 8/1/2033
|
176,040
(a)
|
|
|
|
|
SLM Corp.
|
|
|
|
|
1,480,000
|
6.50%, due 1/31/2030
|
1,496,977
|
|
|
|
430,000
|
6.50%, due 5/15/2032
|
428,460
(e)
|
|
|
|
875,000
|
Velocity Commercial Capital LLC, 9.38%, due 2/15/2031
|
900,575
(a)
|
|
|
|
1,325,000
|
WS Escrow LLC, 7.75%, due 6/1/2033
|
1,370,921
(a)
|
|
|
|
|
|
20,814,071
|
|
|
Electric 2.4%
|
|
|||
|
|
|
Alpha Generation LLC
|
|
|
|
|
1,810,000
|
6.75%, due 10/15/2032
|
1,825,780
(a)
|
|
|
|
880,000
|
6.25%, due 1/15/2034
|
859,932
(a)
|
|
|
|
|
NRG Energy, Inc.
|
|
|
|
|
660,000
|
6.00%, due 2/1/2033
|
658,016
(a)
|
|
|
|
615,000
|
5.75%, due 1/15/2034
|
598,950
(a)
|
|
|
|
635,000
|
6.00%, due 1/15/2036
|
621,268
(a)
|
|
|
|
640,000
|
PG&E Corp., 6.85%, due 9/15/2056
|
633,323
(e)
|
|
|
|
|
Talen Energy Supply LLC
|
|
|
|
|
1,485,000
|
6.25%, due 2/1/2034
|
1,456,504
(a)
|
|
|
|
885,000
|
6.50%, due 2/1/2036
|
873,960
(a)
|
|
|
|
1,665,000
|
VoltaGrid LLC, 7.38%, due 11/1/2030
|
1,673,276
(a)
|
|
|
|
725,000
|
XPLR Infrastructure Operating Partners LP, 7.75%, due 4/15/2034
|
759,243
(a)
|
|
|
|
|
|
9,960,252
|
|
|
Electrical Components & Equipment 0.2%
|
|
|||
|
|
825,000
|
EnerSys, 6.63%, due 1/15/2032
|
834,865
(a)
|
|
|
Electronics 0.4%
|
|
|||
|
|
1,495,000
|
Sensata Technologies, Inc., 6.63%, due 7/15/2032
|
1,530,503
(a)
|
|
|
Engineering & Construction 0.8%
|
|
|||
|
|
790,000
|
Artera Services LLC, 8.50%, due 2/15/2031
|
719,643
(a)
|
|
|
|
210,000
|
Brand Industrial Services, Inc., 10.38%, due 8/1/2030
|
181,865
(a)
|
|
|
|
|
Global Infrastructure Solutions, Inc.
|
|
|
|
|
510,000
|
5.63%, due 6/1/2029
|
508,562
(a)
|
|
|
|
690,000
|
7.50%, due 4/15/2032
|
718,261
(a)
|
|
|
|
535,000
|
6.38%, due 7/15/2034
|
538,654
(a)
|
|
|
|
880,000
|
Granite Construction, Inc., 6.38%, due 6/15/2034
|
877,483
(a)
|
|
|
|
|
|
3,544,468
|
|
|
Entertainment 2.4%
|
|
|||
|
|
1,390,000
|
Churchill Downs, Inc., 6.75%, due 5/1/2031
|
1,406,531
(a)
|
|
|
|
1,590,000
|
Light & Wonder International, Inc., 6.25%, due 10/1/2033
|
1,562,175
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Entertainment – cont'd
|
|
|||
|
$
|
150,000
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031
|
$117,489
(a)
|
|
|
|
900,000
|
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029
|
874,022
(a)
|
|
|
|
|
Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC
|
|
|
|
|
1,070,000
|
8.25%, due 4/15/2030
|
1,112,996
(a)
|
|
|
|
405,000
|
11.88%, due 4/15/2031
|
438,963
(a)
|
|
|
|
120,000
|
Motion Bondco DAC, 6.63%, due 11/15/2027
|
113,910
(a)
|
|
|
|
725,000
|
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
|
706,287
(a)
|
|
|
|
1,435,000
|
Six Flags Entertainment Corp., 7.25%, due 5/15/2031
|
1,407,153
(a)
|
|
|
|
415,000
|
Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., 5.25%,
due 7/15/2029
|
397,426
|
|
|
|
950,000
|
Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%,
due 1/15/2032
|
960,842
(a)
|
|
|
|
915,000
|
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co.,
6.63%,
due 5/1/2032
|
921,217
(a)
|
|
|
|
|
|
10,019,011
|
|
|
Environmental Control 0.8%
|
|
|||
|
|
691,437
|
Luna 1.5 SARL, 12.00%, due 7/1/2032
|
734,399
(a)(d)
|
|
|
|
2,510,000
|
Madison IAQ LLC, 5.88%, due 6/30/2029
|
2,510,063
(a)
|
|
|
|
|
|
3,244,462
|
|
|
Food 1.1%
|
|
|||
|
|
|
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
|
|
|
|
|
320,000
|
5.63%, due 3/31/2032
|
304,385
(a)
|
|
|
|
640,000
|
6.25%, due 3/15/2033
|
619,885
(a)
|
|
|
|
|
Chobani LLC/Chobani Finance Corp., Inc.
|
|
|
|
|
225,000
|
4.63%, due 11/15/2028
|
222,344
(a)
|
|
|
|
1,420,000
|
6.38%, due 4/15/2034
|
1,423,638
(a)
|
|
|
|
705,000
|
Froneri Lux FinCo SARL, 6.00%, due 8/1/2032
|
689,081
(a)
|
|
|
|
605,000
|
Performance Food Group, Inc., 6.13%, due 9/15/2032
|
606,709
(a)
|
|
|
|
540,000
|
U.S. Foods, Inc., 7.25%, due 1/15/2032
|
557,951
(a)
|
|
|
|
|
|
4,423,993
|
|
|
Food Service 0.4%
|
|
|||
|
|
|
TKC Holdings, Inc.
|
|
|
|
|
830,000
|
8.50%, due 8/15/2030
|
848,467
(a)
|
|
|
|
840,000
|
12.00%, due 2/15/2031
|
882,883
(a)
|
|
|
|
|
|
1,731,350
|
|
|
Forest Products & Paper 0.5%
|
|
|||
|
|
1,310,000
|
Ahlstrom Holding 3 Oy, 4.88%, due 2/4/2028
|
1,306,388
(a)
|
|
|
|
970,000
|
Magnera Corp., 7.25%, due 11/15/2031
|
949,387
(a)
|
|
|
|
|
|
2,255,775
|
|
|
Gas 0.2%
|
|
|||
|
|
665,000
|
AmeriGas Partners LP/AmeriGas Finance Corp., 6.88%, due 6/1/2031
|
675,300
(a)
|
|
|
Healthcare - Products 0.2%
|
|
|||
|
|
830,000
|
Medline Borrower LP, 5.25%, due 10/1/2029
|
822,239
(a)
|
|
|
Healthcare - Services 3.9%
|
|
|||
|
|
505,000
|
Acadia Healthcare Co., Inc., 5.00%, due 4/15/2029
|
494,365
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Healthcare - Services – cont'd
|
|
|||
|
|
|
Centene Corp.
|
|
|
|
$
|
2,420,000
|
4.63%, due 12/15/2029
|
$2,347,732
|
|
|
|
1,685,000
|
3.38%, due 2/15/2030
|
1,558,438
|
|
|
|
|
CHS/Community Health Systems, Inc.
|
|
|
|
|
95,000
|
6.00%, due 1/15/2029
|
93,338
(a)
|
|
|
|
205,000
|
6.88%, due 4/15/2029
|
197,708
(a)
|
|
|
|
390,000
|
6.13%, due 4/1/2030
|
327,665
(a)
|
|
|
|
452,000
|
10.88%, due 1/15/2032
|
476,768
(a)
|
|
|
|
1,600,000
|
Global Medical Response, Inc., 7.38%, due 10/1/2032
|
1,628,194
(a)
|
|
|
|
440,000
|
HAH Group Holding Co. LLC, 9.75%, due 10/1/2031
|
399,300
(a)
|
|
|
|
|
LifePoint Health, Inc.
|
|
|
|
|
430,000
|
10.00%, due 6/1/2032
|
412,829
(a)
|
|
|
|
900,000
|
7.00%, due 5/1/2034
|
840,636
(a)
|
|
|
|
|
Molina Healthcare, Inc.
|
|
|
|
|
940,000
|
6.50%, due 2/15/2031
|
948,643
(a)
|
|
|
|
1,480,000
|
6.25%, due 1/15/2033
|
1,463,524
(a)
|
|
|
|
395,000
|
National Mentor Holdings, Inc., 10.50%, due 12/15/2030
|
416,588
(a)
|
|
|
|
640,000
|
Select Medical Corp., 6.25%, due 12/1/2032
|
614,728
(a)
|
|
|
|
2,030,000
|
Surgery Center Holdings, Inc., 7.25%, due 4/15/2032
|
2,036,322
(a)
|
|
|
|
645,000
|
TEAM Services Holding, Inc., 9.00%, due 2/15/2033
|
653,190
(a)
|
|
|
|
1,345,000
|
Tenet Healthcare Corp., 6.00%, due 11/15/2033
|
1,349,302
(a)
|
|
|
|
|
|
16,259,270
|
|
|
Home Builders 0.9%
|
|
|||
|
|
|
K Hovnanian Enterprises, Inc.
|
|
|
|
|
820,000
|
8.00%, due 4/1/2031
|
835,850
(a)
|
|
|
|
350,000
|
8.38%, due 10/1/2033
|
355,673
(a)
|
|
|
|
395,000
|
LGI Homes, Inc., 7.00%, due 11/15/2032
|
385,019
(a)
|
|
|
|
1,075,000
|
Mattamy Group Corp., 6.00%, due 12/15/2033
|
1,023,265
(a)
|
|
|
|
|
Shea Homes LP/Shea Homes Funding Corp.
|
|
|
|
|
670,000
|
4.75%, due 2/15/2028
|
660,899
|
|
|
|
445,000
|
4.75%, due 4/1/2029
|
432,236
|
|
|
|
|
|
3,692,942
|
|
|
Home Furnishings 0.4%
|
|
|||
|
|
|
Whirlpool Corp.
|
|
|
|
|
190,000
|
6.13%, due 6/15/2030
|
172,651
|
|
|
|
975,000
|
7.50%, due 7/1/2031
|
968,912
(a)
|
|
|
|
660,000
|
7.88%, due 7/1/2034
|
623,964
(a)
|
|
|
|
|
|
1,765,527
|
|
|
Housewares 0.1%
|
|
|||
|
|
|
Newell Brands, Inc.
|
|
|
|
|
405,000
|
8.50%, due 6/1/2028
|
422,713
(a)
|
|
|
|
160,000
|
6.63%, due 9/15/2029
|
161,924
|
|
|
|
|
|
584,637
|
|
|
Insurance 1.9%
|
|
|||
|
|
245,000
|
Acrisure LLC/Acrisure Finance, Inc., 7.50%, due 11/6/2030
|
236,954
(a)
|
|
|
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
|
|
|
|
|
700,000
|
6.50%, due 10/1/2031
|
699,409
(a)
|
|
|
|
825,000
|
7.38%, due 10/1/2032
|
829,628
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Insurance – cont'd
|
|
|||
|
$
|
785,000
|
Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, Inc., 7.50%, due 7/15/2033
|
$767,220
(a)
|
|
|
|
1,075,000
|
Broadstreet Partners Group LLC, 5.88%, due 4/15/2029
|
1,051,081
(a)
|
|
|
|
|
HUB International Ltd.
|
|
|
|
|
2,095,000
|
7.25%, due 6/15/2030
|
2,157,157
(a)
|
|
|
|
1,330,000
|
7.38%, due 1/31/2032
|
1,360,257
(a)
|
|
|
|
1,085,000
|
USI, Inc., 7.50%, due 1/15/2032
|
1,107,341
(a)
|
|
|
|
|
|
8,209,047
|
|
|
Internet 0.5%
|
|
|||
|
|
|
Wayfair LLC
|
|
|
|
|
680,000
|
7.25%, due 10/31/2029
|
700,254
(a)
|
|
|
|
575,000
|
6.75%, due 11/15/2032
|
585,356
(a)
|
|
|
|
655,000
|
7.13%, due 5/31/2034
|
672,875
(a)
|
|
|
|
|
|
1,958,485
|
|
|
Investment Companies 0.2%
|
|
|||
|
|
1,095,000
|
FS KKR Capital Corp., 3.13%, due 10/12/2028
|
1,029,300
|
|
|
Iron - Steel 1.0%
|
|
|||
|
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
|
735,000
|
6.88%, due 11/1/2029
|
742,839
(a)
|
|
|
|
540,000
|
7.50%, due 9/15/2031
|
551,117
(a)
|
|
|
|
610,000
|
7.00%, due 3/15/2032
|
611,278
(a)
|
|
|
|
1,180,000
|
Hybar LLC, 7.38%, due 7/1/2034
|
1,184,430
(a)
|
|
|
|
|
Mineral Resources Ltd.
|
|
|
|
|
1,085,000
|
7.00%, due 4/1/2031
|
1,116,538
(a)
|
|
|
|
20,000
|
6.25%, due 5/1/2034
|
19,493
(a)
|
|
|
|
|
|
4,225,695
|
|
|
Leisure Time 1.0%
|
|
|||
|
|
165,000
|
Acushnet Co., 5.63%, due 12/1/2033
|
161,781
(a)
|
|
|
|
145,000
|
Gaia Purchaser, Inc., 7.63%, due 7/15/2033
|
145,446
(a)
|
|
|
|
1,185,000
|
Lindblad Expeditions LLC, 7.00%, due 9/15/2030
|
1,219,889
(a)
|
|
|
|
425,000
|
NCL Corp. Ltd., 6.75%, due 2/1/2032
|
416,569
(a)
|
|
|
|
1,670,000
|
Patrick Industries, Inc., 6.38%, due 11/1/2032
|
1,646,811
(a)
|
|
|
|
490,000
|
Sabre Financial Borrower LLC, 11.13%, due 6/15/2029
|
515,541
(a)
|
|
|
|
|
|
4,106,037
|
|
|
Lodging 1.2%
|
|
|||
|
|
220,000
|
Boyd Gaming Corp., 4.75%, due 12/1/2027
|
218,828
|
|
|
|
1,300,000
|
Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.63%,
due
1/15/2032
|
1,302,983
(a)
|
|
|
|
1,580,000
|
Marriott Ownership Resorts, Inc., 6.50%, due 10/1/2033
|
1,553,832
(a)
|
|
|
|
|
Travel & Leisure Co.
|
|
|
|
|
1,395,000
|
6.25%, due 6/1/2031
|
1,397,146
(a)
|
|
|
|
675,000
|
6.13%, due 9/1/2033
|
662,833
(a)
|
|
|
|
|
|
5,135,622
|
|
|
Machinery - Construction & Mining 0.9%
|
|
|||
|
|
1,532,000
|
Manitowoc Co., Inc., 9.25%, due 10/1/2031
|
1,622,599
(a)
|
|
|
|
|
Terex Corp.
|
|
|
|
|
885,000
|
5.00%, due 5/15/2029
|
872,602
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Machinery - Construction & Mining – cont'd
|
|
|||
|
$
|
1,400,000
|
6.25%, due 10/15/2032
|
$1,405,025
(a)
|
|
|
|
|
|
3,900,226
|
|
|
Machinery - Diversified 0.6%
|
|
|||
|
|
1,540,000
|
Columbus McKinnon Corp., 7.13%, due 2/1/2033
|
1,551,550
(a)
|
|
|
|
1,155,000
|
Lsf12 Helix Parent LLC, 7.13%, due 2/1/2033
|
1,130,790
(a)
|
|
|
|
|
|
2,682,340
|
|
|
Media 5.1%
|
|
|||
|
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
585,000
|
5.00%, due 2/1/2028
|
577,535
(a)
|
|
|
|
850,000
|
6.38%, due 9/1/2029
|
844,624
(a)
|
|
|
|
895,000
|
4.75%, due 3/1/2030
|
836,221
(a)
|
|
|
|
1,135,000
|
4.25%, due 2/1/2031
|
1,004,622
(a)
|
|
|
|
545,000
|
7.38%, due 3/1/2031
|
542,865
(a)
|
|
|
|
220,000
|
4.75%, due 2/1/2032
|
192,234
(a)
|
|
|
|
665,000
|
4.50%, due 5/1/2032
|
573,487
|
|
|
|
420,000
|
7.00%, due 2/1/2033
|
402,499
(a)
|
|
|
|
555,000
|
4.50%, due 6/1/2033
|
472,188
(a)
|
|
|
|
460,000
|
4.25%, due 1/15/2034
|
375,584
(a)
|
|
|
|
375,000
|
7.38%, due 2/1/2036
|
356,509
(a)
|
|
|
|
|
CSC Holdings LLC
|
|
|
|
|
530,000
|
5.50%, due 4/15/2027
|
328,208
(a)
|
|
|
|
565,000
|
5.38%, due 2/1/2028
|
327,466
(a)
|
|
|
|
745,000
|
7.50%, due 4/1/2028
|
172,392
(a)
|
|
|
|
830,000
|
11.25%, due 5/15/2028
|
482,062
(a)
|
|
|
|
1,075,000
|
11.75%, due 1/31/2029
|
615,337
(a)
|
|
|
|
530,000
|
6.50%, due 2/1/2029
|
300,073
(a)
|
|
|
|
1,135,000
|
5.75%, due 1/15/2030
|
244,025
(a)
|
|
|
|
415,000
|
4.50%, due 11/15/2031
|
229,871
(a)
|
|
|
|
620,000
|
Discovery Communications LLC, 4.13%, due 5/15/2029
|
609,150
|
|
|
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
1,755,000
|
4.28%, due 3/15/2032
|
1,559,440
|
|
|
|
1,260,000
|
5.05%, due 3/15/2042
|
875,700
|
|
|
|
370,000
|
5.14%, due 3/15/2052
|
235,161
|
|
|
|
|
DISH DBS Corp.
|
|
|
|
|
1,270,000
|
7.38%, due 7/1/2028
|
1,215,390
|
|
|
|
890,000
|
5.75%, due 12/1/2028
|
858,850
(a)
|
|
|
|
710,000
|
5.13%, due 6/1/2029
|
643,438
|
|
|
|
984,264
|
EchoStar Corp., 6.75% Cash/6.75% PIK, due 11/30/2030
|
998,241
(d)
|
|
|
|
|
McGraw-Hill Education, Inc.
|
|
|
|
|
285,000
|
8.00%, due 8/1/2029
|
282,648
(a)
|
|
|
|
700,000
|
7.38%, due 9/1/2031
|
708,848
(a)
|
|
|
|
555,000
|
Midcontinent Communications, 8.00%, due 8/15/2032
|
471,326
(a)
|
|
|
|
555,000
|
Nexstar Media, Inc., 6.50%, due 9/15/2033
|
552,155
(a)
|
|
|
|
|
Paramount Global
|
|
|
|
|
425,000
|
7.88%, due 7/30/2030
|
443,090
|
|
|
|
575,000
|
4.95%, due 1/15/2031
|
526,931
|
|
|
|
220,000
|
4.20%, due 5/19/2032
|
187,068
|
|
|
|
450,000
|
4.38%, due 3/15/2043
|
275,129
|
|
|
|
395,000
|
5.85%, due 9/1/2043
|
280,013
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Media – cont'd
|
|
|||
|
$
|
425,000
|
4.90%, due 8/15/2044
|
$264,465
|
|
|
|
370,000
|
Sirius XM Radio LLC, 5.50%, due 7/1/2029
|
368,313
(a)
|
|
|
|
|
Space Exploration Technologies Corp.
|
|
|
|
|
460,000
|
5.35%, due 7/15/2031
|
447,732
(a)
|
|
|
|
660,000
|
5.65%, due 7/15/2033
|
632,298
(a)
|
|
|
|
410,000
|
Virgin Media Secured Finance PLC, 5.50%, due 5/15/2029
|
368,082
(a)
|
|
|
|
|
|
21,681,270
|
|
|
Mining 1.9%
|
|
|||
|
|
645,000
|
Capstone Copper Corp., 6.75%, due 3/31/2033
|
646,448
(a)
|
|
|
|
1,270,000
|
Century Aluminum Co., 6.88%, due 8/1/2032
|
1,289,688
(a)
|
|
|
|
250,000
|
Constellium SE, 5.63%, due 6/15/2028
|
249,081
(a)
|
|
|
|
|
First Quantum Minerals Ltd.
|
|
|
|
|
800,000
|
8.00%, due 3/1/2033
|
831,246
(a)
|
|
|
|
390,000
|
7.25%, due 2/15/2034
|
397,272
(a)
|
|
|
|
|
Novelis Corp.
|
|
|
|
|
840,000
|
4.75%, due 1/30/2030
|
807,364
(a)
|
|
|
|
830,000
|
6.88%, due 1/30/2030
|
851,600
(a)
|
|
|
|
1,380,000
|
Skeena Resources Ltd., 8.50%, due 4/1/2031
|
1,440,813
(a)
|
|
|
|
1,625,000
|
Trekor Metals Ltd., 8.25%, due 5/1/2030
|
1,688,594
(a)
|
|
|
|
|
|
8,202,106
|
|
|
Miscellaneous Manufacturer 1.2%
|
|
|||
|
|
1,235,000
|
Amsted Industries, Inc., 6.38%, due 3/15/2033
|
1,245,567
(a)
|
|
|
|
|
Avient Corp.
|
|
|
|
|
1,325,000
|
7.13%, due 8/1/2030
|
1,344,638
(a)
|
|
|
|
480,000
|
6.25%, due 11/1/2031
|
483,531
(a)
|
|
|
|
450,000
|
Axon Enterprise, Inc., 6.25%, due 3/15/2033
|
456,375
(a)
|
|
|
|
1,478,125
|
Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028
|
1,506,533
(a)(d)
|
|
|
|
|
|
5,036,644
|
|
|
Oil & Gas 4.5%
|
|
|||
|
|
|
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
|
|
|
|
|
1,135,000
|
5.88%, due 6/30/2029
|
1,131,002
(a)
|
|
|
|
350,000
|
6.63%, due 10/15/2032
|
351,860
(a)
|
|
|
|
1,730,000
|
Beusa Investments LLC, 7.00%, due 8/1/2031
|
1,690,850
(a)
|
|
|
|
355,000
|
BKV Upstream Midstream LLC, 7.50%, due 10/15/2030
|
354,561
(a)
|
|
|
|
|
Borr IHC Ltd./Borr Finance LLC
|
|
|
|
|
400,000
|
8.75%, due 1/15/2032
|
391,380
(a)
|
|
|
|
400,000
|
9.00%, due 1/15/2034
|
391,829
(a)
|
|
|
|
|
Caturus Energy LLC
|
|
|
|
|
1,645,000
|
8.50%, due 2/15/2030
|
1,703,802
(a)
|
|
|
|
540,000
|
7.13%, due 5/15/2031
|
535,311
(a)
|
|
|
|
|
Crescent Energy Finance LLC
|
|
|
|
|
400,000
|
7.63%, due 4/1/2032
|
404,219
(a)
|
|
|
|
500,000
|
7.38%, due 1/15/2033
|
502,258
(a)
|
|
|
|
180,000
|
8.38%, due 1/15/2034
|
185,724
(a)
|
|
|
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.
|
|
|
|
|
460,000
|
6.25%, due 11/1/2028
|
461,361
(a)
|
|
|
|
457,000
|
5.75%, due 2/1/2029
|
456,106
(a)
|
|
|
|
1,030,000
|
6.00%, due 4/15/2030
|
1,019,211
(a)
|
|
|
|
443,000
|
6.00%, due 2/1/2031
|
431,837
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Oil & Gas – cont'd
|
|
|||
|
$
|
1,210,000
|
Infinity Natural Resources LLC, 7.63%, due 4/1/2031
|
$1,207,098
(a)
|
|
|
|
|
Matador Resources Co.
|
|
|
|
|
885,000
|
6.50%, due 4/15/2032
|
883,344
(a)
|
|
|
|
345,000
|
6.25%, due 4/15/2033
|
339,475
(a)
|
|
|
|
720,000
|
6.00%, due 4/15/2034
|
696,374
(a)
|
|
|
|
345,000
|
Northern Oil & Gas, Inc., 7.88%, due 10/15/2033
|
345,247
(a)
|
|
|
|
955,000
|
Permian Resources Operating LLC, 7.00%, due 1/15/2032
|
988,614
(a)
|
|
|
|
555,000
|
SM Energy Co., 8.63%, due 11/1/2030
|
582,605
(a)
|
|
|
|
215,000
|
Sunoco LP, 7.00%, due 5/1/2029
|
219,682
(a)
|
|
|
|
685,000
|
TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029
|
670,200
(a)
|
|
|
|
|
Transocean International Ltd.
|
|
|
|
|
1,265,000
|
8.25%, due 5/15/2029
|
1,304,419
(a)
|
|
|
|
35,000
|
8.50%, due 5/15/2031
|
36,501
(a)
|
|
|
|
825,000
|
7.88%, due 10/15/2032
|
859,289
(a)
|
|
|
|
750,000
|
Validus Energy II Midcon LLC, 8.00%, due 8/1/2031
|
746,609
(a)
|
|
|
|
|
|
18,890,768
|
|
|
Oil & Gas Services 2.4%
|
|
|||
|
|
1,075,000
|
Archrock Partners LP/Archrock Partners Finance Corp., 6.63%, due 9/1/2032
|
1,090,393
(a)
|
|
|
|
|
Kodiak Gas Services LLC
|
|
|
|
|
775,000
|
6.50%, due 10/1/2033
|
773,997
(a)
|
|
|
|
845,000
|
6.75%, due 10/1/2035
|
851,418
(a)
|
|
|
|
1,450,000
|
Oceaneering International, Inc., 6.88%, due 7/15/2034
|
1,483,659
(a)
|
|
|
|
715,000
|
SESI LLC, 7.88%, due 9/30/2030
|
723,455
(a)
|
|
|
|
1,420,000
|
Star Holding LLC, 8.75%, due 8/1/2031
|
1,450,161
(a)
|
|
|
|
|
USA Compression Partners LP/USA Compression Finance Corp.
|
|
|
|
|
1,175,000
|
7.13%, due 3/15/2029
|
1,200,318
(a)
|
|
|
|
845,000
|
6.25%, due 10/1/2033
|
831,557
(a)
|
|
|
|
|
WBI Operating LLC
|
|
|
|
|
1,025,000
|
6.25%, due 10/15/2030
|
1,024,815
(a)
|
|
|
|
840,000
|
6.50%, due 10/15/2033
|
838,505
(a)
|
|
|
|
|
|
10,268,278
|
|
|
Packaging & Containers 3.2%
|
|
|||
|
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
|
|
|
|
|
2,415,000
|
4.00%, due 9/1/2029
|
2,292,693
(a)
|
|
|
|
385,000
|
6.25%, due 1/30/2031
|
387,596
(a)
|
|
|
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
|
440,000
|
6.88%, due 1/15/2030
|
436,217
(a)
|
|
|
|
245,000
|
6.75%, due 4/15/2032
|
233,314
(a)
|
|
|
|
|
Mauser Packaging Solutions Holding Co.
|
|
|
|
|
1,090,000
|
7.88%, due 4/15/2030
|
1,111,691
(a)
|
|
|
|
2,615,000
|
9.25%, due 4/15/2030
|
2,591,867
(a)
|
|
|
|
|
Sword Purchaser LLC
|
|
|
|
|
1,225,000
|
8.25%, due 4/15/2033
|
1,252,973
(a)
|
|
|
|
765,000
|
10.50%, due 4/15/2034
|
790,849
(a)
|
|
|
|
1,035,000
|
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, 9.50%, due 5/15/2030
|
934,868
(a)
|
|
|
|
935,000
|
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
|
913,231
(a)
|
|
|
|
|
Trivium Packaging Finance BV
|
|
|
|
|
1,121,000
|
8.25%, due 7/15/2030
|
1,184,995
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Packaging & Containers – cont'd
|
|
|||
|
$
|
1,045,000
|
12.25%, due 1/15/2031
|
$1,156,369
(a)
|
|
|
|
|
|
13,286,663
|
|
|
Pharmaceuticals 1.1%
|
|
|||
|
|
2,668,000
|
1261229 BC Ltd., 10.00%, due 4/15/2032
|
2,727,358
(a)
|
|
|
|
|
Bausch Health Cos., Inc.
|
|
|
|
|
640,000
|
5.00%, due 1/30/2028
|
579,686
(a)
|
|
|
|
402,000
|
4.88%, due 6/1/2028
|
373,871
(a)
|
|
|
|
185,000
|
11.00%, due 9/30/2028
|
189,016
(a)
|
|
|
|
180,000
|
5.00%, due 2/15/2029
|
137,700
(a)
|
|
|
|
75,000
|
5.25%, due 1/30/2030
|
50,812
(a)
|
|
|
|
325,000
|
Grifols SA, 4.75%, due 10/15/2028
|
317,100
(a)
|
|
|
|
175,000
|
Organon & Co./Organon Foreign Debt Co-Issuer BV, 7.88%, due 5/15/2034
|
186,690
(a)
|
|
|
|
|
|
4,562,233
|
|
|
Pipelines 6.8%
|
|
|||
|
|
1,230,000
|
Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, due 2/1/2032
|
1,251,878
(a)
|
|
|
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC
|
|
|
|
|
480,000
|
5.50%, due 6/15/2031
|
467,347
(a)
|
|
|
|
710,000
|
7.50%, due 12/15/2033
|
744,107
(a)
|
|
|
|
|
Energy Transfer LP
|
|
|
|
|
315,000
|
8.00%, due 5/15/2054
|
330,580
(e)
|
|
|
|
165,000
|
7.13%, due 10/1/2054
|
168,493
(e)
|
|
|
|
445,000
|
6.50%, due 2/15/2056
|
445,049
(e)
|
|
|
|
825,000
|
Excelerate Energy LP, 8.00%, due 5/15/2030
|
864,338
(a)
|
|
|
|
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
|
1,035,000
|
8.25%, due 1/15/2029
|
1,067,367
|
|
|
|
702,000
|
7.88%, due 5/15/2032
|
725,049
|
|
|
|
565,000
|
8.00%, due 5/15/2033
|
587,779
|
|
|
|
370,000
|
6.75%, due 3/15/2034
|
369,031
|
|
|
|
|
Global Partners LP/GLP Finance Corp.
|
|
|
|
|
730,000
|
8.25%, due 1/15/2032
|
761,010
(a)
|
|
|
|
695,000
|
7.13%, due 7/1/2033
|
703,809
(a)
|
|
|
|
2,050,000
|
Golar LNG Ltd., 7.50%, due 10/2/2030
|
2,092,324
(a)
|
|
|
|
1,175,000
|
Harvest Midstream I LP, 6.75%, due 5/15/2034
|
1,179,678
(a)
|
|
|
|
|
Howard Midstream Energy Partners LLC
|
|
|
|
|
1,695,000
|
7.38%, due 7/15/2032
|
1,752,062
(a)
|
|
|
|
290,000
|
6.63%, due 1/15/2034
|
293,235
(a)
|
|
|
|
650,000
|
6.63%, due 1/15/2035
|
649,644
(a)
|
|
|
|
220,000
|
Kinetik Holdings LP, 5.88%, due 6/15/2030
|
220,244
(a)
|
|
|
|
|
NGL Energy Operating LLC/NGL Energy Finance Corp.
|
|
|
|
|
1,605,000
|
8.13%, due 2/15/2029
|
1,645,258
(a)
|
|
|
|
305,000
|
8.38%, due 2/15/2032
|
317,165
(a)
|
|
|
|
|
Rockies Express Pipeline LLC
|
|
|
|
|
620,000
|
6.75%, due 3/15/2033
|
630,350
(a)
|
|
|
|
530,000
|
7.50%, due 7/15/2038
|
557,159
(a)
|
|
|
|
745,000
|
6.88%, due 4/15/2040
|
749,237
(a)
|
|
|
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
|
|
|
|
|
660,000
|
7.38%, due 2/15/2029
|
675,004
(a)
|
|
|
|
430,000
|
6.00%, due 12/31/2030
|
426,928
(a)
|
|
|
|
415,000
|
6.75%, due 3/15/2034
|
417,578
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Pipelines – cont'd
|
|
|||
|
$
|
715,000
|
Venture Global Calcasieu Pass LLC, 6.00%, due 5/1/2036
|
$706,648
(a)
|
|
|
|
|
Venture Global LNG, Inc.
|
|
|
|
|
1,110,000
|
9.50%, due 2/1/2029
|
1,188,166
(a)
|
|
|
|
470,000
|
9.00%, due 9/30/2029
|
468,111
(a)(e)(g)
|
|
|
|
760,000
|
7.00%, due 1/15/2030
|
772,089
(a)
|
|
|
|
900,000
|
8.38%, due 6/1/2031
|
930,418
(a)
|
|
|
|
445,000
|
6.38%, due 12/15/2034
|
433,394
(a)
|
|
|
|
445,000
|
6.63%, due 6/15/2036
|
436,128
(a)
|
|
|
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
885,000
|
6.13%, due 12/15/2030
|
899,021
(a)
|
|
|
|
547,000
|
7.50%, due 5/1/2033
|
593,505
(a)
|
|
|
|
735,000
|
6.50%, due 1/15/2034
|
758,418
(a)
|
|
|
|
230,000
|
6.50%, due 6/15/2034
|
237,206
(a)
|
|
|
|
743,000
|
7.75%, due 5/1/2035
|
823,431
(a)
|
|
|
|
410,000
|
6.75%, due 1/15/2036
|
429,145
(a)
|
|
|
|
|
|
28,767,383
|
|
|
Real Estate 0.1%
|
|
|||
|
|
500,000
|
Greystar Real Estate Partners LLC, 7.75%, due 9/1/2030
|
517,544
(a)
|
|
|
Real Estate Investment Trusts 3.3%
|
|
|||
|
|
|
Blackstone Mortgage Trust, Inc.
|
|
|
|
|
1,565,000
|
7.75%, due 12/1/2029
|
1,617,293
(a)
|
|
|
|
515,000
|
6.25%, due 6/1/2031
|
492,400
(a)
|
|
|
|
|
Brandywine Operating Partnership LP
|
|
|
|
|
925,000
|
8.88%, due 4/12/2029
|
969,483
|
|
|
|
115,000
|
6.13%, due 1/15/2031
|
110,532
|
|
|
|
615,000
|
EF Holdco/EF Cayman Holdings/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM, 7.38%,
due 9/30/2030
|
610,717
(a)
|
|
|
|
215,000
|
Iron Mountain, Inc., 7.00%, due 2/15/2029
|
218,408
(a)
|
|
|
|
85,000
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, due 7/15/2031
|
87,858
(a)
|
|
|
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
|
|
|
|
|
1,055,000
|
5.88%, due 10/1/2028
|
1,053,577
(a)
|
|
|
|
755,000
|
7.00%, due 2/1/2030
|
767,204
(a)
|
|
|
|
845,000
|
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029
|
852,866
(a)
|
|
|
|
630,000
|
RHP Hotel Properties LP/RHP Finance Corp., 6.50%, due 6/15/2033
|
640,998
(a)
|
|
|
|
470,000
|
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
|
447,692
(a)
|
|
|
|
1,360,000
|
Service Properties Trust, 8.63%, due 11/15/2031
|
1,429,202
(a)
|
|
|
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
785,000
|
5.25%, due 10/15/2028
|
778,005
(a)
|
|
|
|
170,000
|
7.25%, due 4/1/2029
|
175,168
(a)
|
|
|
|
625,000
|
5.88%, due 8/15/2029
|
626,047
(a)
|
|
|
|
1,250,000
|
6.50%, due 7/1/2030
|
1,269,543
(a)
|
|
|
|
780,000
|
6.50%, due 10/15/2030
|
790,746
(a)
|
|
|
|
530,000
|
6.13%, due 6/1/2031
|
528,745
(a)
|
|
|
|
635,000
|
XHR LP, 4.88%, due 6/1/2029
|
618,634
(a)
|
|
|
|
|
|
14,085,118
|
|
|
Retail 4.1%
|
|
|||
|
|
|
Advance Auto Parts, Inc.
|
|
|
|
|
1,250,000
|
7.00%, due 8/1/2030
|
1,280,794
(a)
|
|
|
|
1,465,000
|
7.38%, due 8/1/2033
|
1,512,070
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Retail – cont'd
|
|
|||
|
|
|
Bath & Body Works, Inc.
|
|
|
|
$
|
104,000
|
7.50%, due 6/15/2029
|
$105,421
|
|
|
|
430,000
|
6.63%, due 10/1/2030
|
436,951
(a)
|
|
|
|
285,000
|
6.88%, due 11/1/2035
|
288,170
|
|
|
|
235,000
|
6.75%, due 7/1/2036
|
232,403
|
|
|
|
1,205,000
|
Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032
|
1,260,328
(a)
|
|
|
|
590,000
|
Group 1 Automotive, Inc., 6.38%, due 1/15/2030
|
592,716
(a)
|
|
|
|
|
LCM Investments Holdings II LLC
|
|
|
|
|
480,000
|
4.88%, due 5/1/2029
|
468,215
(a)
|
|
|
|
1,000,000
|
8.25%, due 8/1/2031
|
1,041,836
(a)
|
|
|
|
800,000
|
Macy's Retail Holdings LLC, 7.38%, due 8/1/2033
|
832,472
(a)
|
|
|
|
|
Michaels Cos., Inc.
|
|
|
|
|
1,320,000
|
8.50%, due 3/15/2033
|
1,307,627
(a)
|
|
|
|
525,000
|
11.00%, due 3/15/2034
|
513,920
(a)
|
|
|
|
250,000
|
Nordstrom, Inc., 4.38%, due 4/1/2030
|
238,933
|
|
|
|
835,000
|
Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031
|
837,668
(a)
|
|
|
|
|
PetSmart LLC/PetSmart Finance Corp.
|
|
|
|
|
1,180,000
|
7.50%, due 9/15/2032
|
1,192,281
(a)
|
|
|
|
425,000
|
10.00%, due 9/15/2033
|
422,839
(a)
|
|
|
|
|
QXO Building Products, Inc.
|
|
|
|
|
605,000
|
6.50%, due 7/15/2031
|
607,453
(a)
|
|
|
|
1,790,000
|
6.75%, due 4/30/2032
|
1,828,056
(a)
|
|
|
|
300,000
|
6.88%, due 7/15/2034
|
300,448
(a)
|
|
|
|
380,000
|
Staples, Inc., 10.75%, due 9/1/2029
|
363,604
(a)
|
|
|
|
1,435,000
|
White Cap Supply Holdings LLC, 7.38%, due 11/15/2030
|
1,445,692
(a)
|
|
|
|
|
|
17,109,897
|
|
|
Semiconductors 0.1%
|
|
|||
|
|
465,000
|
Amkor Technology, Inc., 5.88%, due 10/1/2033
|
452,311
(a)
|
|
|
Software 2.5%
|
|
|||
|
|
695,000
|
Capstone Borrower, Inc., 8.00%, due 6/15/2030
|
676,154
(a)
|
|
|
|
|
Cloud Software Group LLC
|
|
|
|
|
1,695,000
|
6.50%, due 3/31/2029
|
1,656,291
(a)
|
|
|
|
575,000
|
9.00%, due 9/30/2029
|
563,357
(a)
|
|
|
|
|
CoreWeave, Inc.
|
|
|
|
|
990,000
|
9.00%, due 2/1/2031
|
893,667
(a)
|
|
|
|
365,000
|
9.75%, due 10/1/2031
|
331,187
(a)
|
|
|
|
630,000
|
Ellucian Holdings, Inc., 6.50%, due 12/1/2029
|
605,810
(a)
|
|
|
|
|
Fair Isaac Corp.
|
|
|
|
|
820,000
|
6.00%, due 5/15/2033
|
793,643
(a)
|
|
|
|
670,000
|
6.25%, due 9/15/2034
|
647,255
(a)
|
|
|
|
|
OAK-Eagle Acquireco, Inc.
|
|
|
|
|
1,595,000
|
7.25%, due 7/1/2033
|
1,652,696
(a)
|
|
|
|
765,000
|
8.75%, due 7/1/2034
|
805,918
(a)
|
|
|
|
1,775,000
|
UKG, Inc., 6.88%, due 2/1/2031
|
1,739,079
(a)
|
|
|
|
|
|
10,365,057
|
|
|
Telecommunications 7.4%
|
|
|||
|
|
|
Altice France SA
|
|
|
|
|
483,293
|
9.50%, due 11/1/2029
|
490,085
(a)
|
|
|
|
1,086,942
|
6.88%, due 10/15/2030
|
1,061,253
(a)
|
|
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Telecommunications – cont'd
|
|
|||
|
$
|
515,000
|
6.50%, due 10/15/2031
|
$496,965
(a)
|
|
|
|
90,000
|
6.50%, due 4/15/2032
|
87,114
(a)
|
|
|
|
446,971
|
6.88%, due 7/15/2032
|
433,919
(a)
|
|
|
|
855,000
|
APLD ComputeCo 2 LLC, 6.75%, due 3/15/2031
|
835,770
(a)
|
|
|
|
2,560,000
|
Black Pearl Compute LLC, 6.13%, due 2/15/2031
|
2,555,709
(a)
|
|
|
|
785,000
|
Cipher Compute LLC, 7.13%, due 11/15/2030
|
800,709
(a)
|
|
|
|
|
Fibercop SpA
|
|
|
|
|
764,000
|
6.38%, due 11/15/2033
|
750,469
(a)
|
|
|
|
305,000
|
6.00%, due 9/30/2034
|
293,918
(a)
|
|
|
|
839,000
|
7.20%, due 7/18/2036
|
851,526
(a)
|
|
|
|
2,100,000
|
Galaxy Helios Data Centers II LLC, 9.88%, due 8/1/2031
|
2,105,712
(a)
|
|
|
|
|
Iliad Holding SAS
|
|
|
|
|
650,000
|
7.00%, due 10/15/2028
|
651,572
(a)
|
|
|
|
475,000
|
7.00%, due 4/15/2032
|
479,106
(a)
|
|
|
|
|
Level 3 Financing, Inc.
|
|
|
|
|
660,000
|
6.88%, due 6/30/2033
|
667,887
(a)
|
|
|
|
1,570,000
|
7.00%, due 3/31/2034
|
1,597,032
(a)
|
|
|
|
840,000
|
8.50%, due 1/15/2036
|
873,921
(a)
|
|
|
|
305,000
|
7.50%, due 2/15/2037
|
302,925
(a)
|
|
|
|
420,000
|
Lumen Technologies, Inc., 4.50%, due 1/15/2029
|
399,000
(a)
|
|
|
|
2,890,000
|
Meridian Arc Holdco LLC, 6.25%, due 4/30/2031
|
2,776,807
(a)
|
|
|
|
2,295,000
|
PR RNO Property Owner 1 LLC, 6.50%, due 5/1/2031
|
2,161,016
(a)
|
|
|
|
60,000
|
Rogers Communications, Inc., 7.13%, due 4/15/2055
|
60,555
(e)
|
|
|
|
2,025,000
|
Stingray Compute LLC, 6.00%, due 6/15/2031
|
1,975,542
(a)
|
|
|
|
2,355,000
|
SV RNO Property Owner 1 LLC, 5.88%, due 3/1/2031
|
2,186,843
(a)
|
|
|
|
605,000
|
Telecom Italia Capital SA, 7.72%, due 6/4/2038
|
676,774
|
|
|
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
|
|
|
|
|
1,010,000
|
6.50%, due 2/15/2029
|
996,125
(a)
|
|
|
|
390,000
|
8.63%, due 6/15/2032
|
398,292
(a)
|
|
|
|
965,000
|
Uniti Services LLC, 7.50%, due 10/15/2033
|
986,119
(a)
|
|
|
|
520,000
|
Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031
|
411,085
(a)
|
|
|
|
1,445,000
|
Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031
|
1,504,287
(a)
|
|
|
|
640,000
|
Yondr JK 1 LLC, 6.88%, due 6/30/2031
|
609,545
(a)
|
|
|
|
|
Zayo Group Holdings, Inc.
|
|
|
|
|
474,704
|
5.75% Cash/0.50% PIK, due 3/9/2030
|
474,111
(a)(d)
|
|
|
|
287,731
|
7.13% Cash/1.88% PIK, due 9/9/2030
|
281,976
(a)(d)
|
|
|
|
|
|
31,233,669
|
|
|
Transportation 0.6%
|
|
|||
|
|
895,000
|
PODS LLC, 8.75%, due 5/15/2031
|
852,450
(a)
|
|
|
|
1,785,000
|
XPO, Inc., 7.13%, due 2/1/2032
|
1,840,313
(a)
|
|
|
|
|
|
2,692,763
|
|
|
Trucking & Leasing 0.2%
|
|
|||
|
|
|
FTAI Aviation Investors LLC
|
|
|
|
|
300,000
|
7.88%, due 12/1/2030
|
312,577
(a)
|
|
|
|
670,000
|
7.00%, due 5/1/2031
|
688,618
(a)
|
|
|
|
|
|
1,001,195
|
|
|
Total Corporate Bonds (Cost $399,723,952)
|
399,574,701
|
|||
|
Principal Amount
|
Value
|
|||
|
|
||||
|
Loan Assignments(b) 2.6%
|
||||
|
Capital Markets 0.5%
|
|
|||
|
$
|
858,870
|
Focus Financial Partners LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
9/15/2031
|
$846,905
(f)(h)
|
|
|
|
753,382
|
Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%), 5.82%, due 7/31/2030
|
691,936
(d)(f)
|
|
|
|
443,826
|
Jane Street Group LLC, Term Loan B1, (3 mo. USD Term SOFR + 2.00%), 5.67%, due
12/15/2031
|
441,869
|
|
|
|
|
|
1,980,710
|
|
|
Electronic Equipment, Instruments & Components 0.1%
|
|
|||
|
|
450,000
|
VM Consolidated, Inc., Term Loan, (1 mo. USD Term SOFR), 0.00%, due 10/1/2032
|
424,409
(f)(h)
|
|
|
Food Products 0.1%
|
|
|||
|
|
448,872
|
Froneri Lux Finco SARL, Term Loan B6, (6 mo. USD Term SOFR + 2.50%), 6.45%, due
9/30/2032
|
446,215
|
|
|
Health Care Providers & Services 0.5%
|
|
|||
|
|
1,174,100
|
Aveanna Healthcare LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due
9/17/2032
|
1,178,773
|
|
|
|
956,956
|
National Mentor Holdings, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 6.00%),
9.73%, due 12/12/2030
|
963,836
|
|
|
|
|
|
2,142,609
|
|
|
Hotels, Restaurants & Leisure 0.8%
|
|
|||
|
|
448,875
|
Allwyn Entertainment Financing U.S. LLC, First Lien Term Loan B, (3 mo. USD Term SOFR
+
2.50%), 6.32%, due 11/24/2032
|
444,050
|
|
|
|
|
Catawba Nation Gaming Authority
|
|
|
|
|
635,000
|
Term Loan B, (3 mo. USD Term SOFR), 0.00%, due 3/29/2032
|
637,064
(f)(h)
|
|
|
|
1,245,000
|
Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.57%, due 3/29/2032
|
1,249,046
|
|
|
|
625,000
|
Gaia Purchaser, Inc., Term Loan B, (1 mo. USD Term SOFR), 0.00%, due 6/25/2033
|
623,437
(f)(h)
|
|
|
|
448,858
|
SeaWorld Parks & Entertainment, Inc., Term Loan B3, (1 mo. USD Term SOFR + 2.00%),
5.73%, due 12/4/2031
|
445,119
|
|
|
|
|
|
3,398,716
|
|
|
Insurance 0.1%
|
|
|||
|
|
443,879
|
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
9/19/2031
|
441,913
|
|
|
IT Services 0.2%
|
|
|||
|
|
855,000
|
Ahead DB Holdings LLC, Term Loan B4, (3 mo. USD Term SOFR), 0.00%, due 2/3/2031
|
846,809
(f)(h)
|
|
|
Machinery 0.1%
|
|
|||
|
|
294,293
|
Engineered Machinery Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.49%,
due 11/26/2032
|
294,988
|
|
|
Media 0.2%
|
|
|||
|
|
1,132,788
|
Discovery Global Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%,
due
6/3/2033
|
1,133,502
|
|
|
Total Loan Assignments (Cost $11,062,059)
|
11,109,871
|
|||
|
Number of Shares
|
Value
|
|||
|
|
||||
|
Common Stocks 0.1%
|
||||
|
Diversified Telecommunication Services 0.1%
|
||||
|
|
15,890
|
Luxco Co. Ltd. (Cost $340,495)
|
$303,951
*
|
|
|
|
||||
|
Short-Term Investments 2.6%
|
||||
|
Investment Companies 2.6%
|
|
|||
|
|
11,263,410
|
State Street Institutional U.S. Government Money Market Fund Premier Class,
3.68%(i) (Cost $11,263,410)
|
11,263,410
|
|
|
Total Investments 100.3% (Cost $423,639,916)
|
423,501,933
|
|||
|
Liabilities Less Other Assets (0.3)%
|
(1,425,766
)
|
|||
|
Net Assets 100.0%
|
$422,076,167
|
|||
|
*
|
Non-income producing security.
|
|
(a)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted
from
registration, may only be sold to qualified institutional investors or may have other
restrictions on resale.
At July 31, 2026, these securities amounted to $365,048,930, which represents 86.5%
of net assets of
the Fund.
|
|
(b)
|
Variable or floating rate security. The interest rate shown was the current rate as
of July 31, 2026 and
changes periodically.
|
|
(c)
|
When-issued security. Total value of all such securities at July 31, 2026 amounted
to $4,920,079, which
represents 1.2% of net assets of the Fund.
|
|
(d)
|
Payment-in-kind (PIK) security.
|
|
(e)
|
Security issued at a fixed coupon rate, which converts to a variable rate at a future
date. Rate shown is
the rate in effect as of period end.
|
|
(f)
|
All or a portion of this security was purchased on a delayed delivery basis.
|
|
(g)
|
Perpetual security. Perpetual securities have no stated maturity date, but they may
be called/redeemed
by the issuer. The date shown reflects the next call date.
|
|
(h)
|
All or a portion of this security had not settled as of July 31, 2026 and thus may
not have an interest
rate in effect. Interest rates do not take effect until settlement.
|
|
(i)
|
Represents 7-day effective yield as of July 31, 2026.
|
|
POSITIONS BY COUNTRY
|
||
|
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
|
United States
|
$371,319,247
|
88.0%
|
|
Canada
|
12,631,686
|
3.0%
|
|
France
|
5,625,905
|
1.3%
|
|
Germany
|
3,157,242
|
0.7%
|
|
Italy
|
2,572,687
|
0.6%
|
|
Luxembourg
|
2,343,902
|
0.6%
|
|
Cayman Islands
|
2,342,118
|
0.6%
|
|
Netherlands
|
2,341,364
|
0.5%
|
|
Republic of Cameroon
|
2,092,324
|
0.5%
|
|
United Kingdom
|
1,699,647
|
0.4%
|
|
Japan
|
1,341,155
|
0.3%
|
|
Finland
|
1,306,388
|
0.3%
|
|
Zambia
|
1,228,518
|
0.3%
|
|
Australia
|
1,136,031
|
0.3%
|
|
Mexico
|
783,209
|
0.2%
|
|
Spain
|
317,100
|
0.1%
|
|
Short-Term Investments and Other Liabilities—Net
|
9,837,644
|
2.3%
|
|
|
$422,076,167
|
100.0%
|
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
|
|
|
|
|
Asset-Backed Securities#
|
$—
|
$1,250,000
|
$—
|
$1,250,000
|
|
Corporate Bonds#
|
—
|
399,574,701
|
—
|
399,574,701
|
|
Loan Assignments#
|
—
|
11,109,871
|
—
|
11,109,871
|
|
Common Stocks#
|
—
|
303,951
|
—
|
303,951
|
|
Short-Term Investments
|
—
|
11,263,410
|
—
|
11,263,410
|
|
Total Investments
|
$—
|
$423,501,933
|
$—
|
$423,501,933
|
|
#
|
The Schedule of Investments provides information on the industry or sector categorization
as well as a
Positions by Country summary.
|
|
Principal Amount
|
Value
|
|||
|
Municipal Notes 101.5%
|
||||
|
Alabama 4.6%
|
|
|||
|
|
|
Black Belt Energy Gas District (Alabama Gas Prepay Gas Supply Revenue Project No.
7)
|
|
|
|
$
|
200,000
|
Series 2021-C-1, 4.00%, due 12/1/2026 Pre-Refunded 9/1/2026
|
$201,568
|
|
|
|
330,000
|
Series 2021-C-1, 4.00%, due 10/1/2052 Pre-Refunded 9/1/2026
|
332,535
|
|
|
|
|
Black Belt Energy Gas District Revenue
|
|
|
|
|
135,000
|
Series 2024-B, 5.00%, due 10/1/2055 Putable 9/1/2032
|
139,835
|
|
|
|
2,000,000
|
Series 2024-D, 5.00%, due 3/1/2055 Putable 11/1/2034
|
2,071,878
|
|
|
|
|
Black Belt Energy Gas District Revenue (Gas Project)
|
|
|
|
|
1,000,000
|
Series 2025-G, 5.00%, due 10/1/2035
|
1,030,614
|
|
|
|
1,505,000
|
Series 2026-G, 5.00%, due 6/1/2031
|
1,570,639
|
|
|
|
|
Energy Southeast A Cooperative District Revenue
|
|
|
|
|
3,380,000
|
Series 2024-B, 5.25%, due 7/1/2054 Putable 6/1/2032
|
3,583,704
|
|
|
|
775,000
|
Series 2026-A-1, 5.00%, due 4/1/2034
|
800,210
(a)
|
|
|
|
565,000
|
Fort Payne City General Obligation (School Warrants), Series 2018-B, (AG), 5.00%,
due
5/1/2027
|
574,150
|
|
|
|
300,000
|
Gadsden General Obligation (Warrants), Series 2025-A, (BAM), 5.00%, due 10/1/2050
|
310,677
|
|
|
|
1,000,000
|
Southeast Alabama Gas Supply District Revenue Refunding, Series 2024, 5.00%, due 6/1/2049
Putable 5/1/2032
|
1,037,661
|
|
|
|
|
Southeast Energy Authority A Cooperative District Revenue
|
|
|
|
|
750,000
|
Series 2025-D, 5.00%, due 9/1/2035
|
794,427
|
|
|
|
2,135,000
|
Series 2025-E, 5.00%, due 10/1/2030
|
2,263,059
|
|
|
|
440,000
|
Series 2025-H, 5.00%, due 11/1/2035
|
455,295
|
|
|
|
|
|
15,166,252
|
|
|
Arizona 1.1%
|
|
|||
|
|
500,000
|
Maricopa County Industrial Development Authority Education Revenue Refunding (Paradise
School Project Paragon Management, Inc.), Series 2016, 5.00%, due 7/1/2036
|
500,006
(b)
|
|
|
|
500,000
|
Phoenix Industrial Development Authority Education Revenue Refunding (Great Hearts
Academies), Series 2016-A, 5.00%, due 7/1/2046
|
488,988
|
|
|
|
460,000
|
Pima County Industrial Development Authority Education Revenue Refunding (American
Leadership Academy Project), Series 2015, 5.38%, due 6/15/2035
|
459,986
(b)
|
|
|
|
1,000,000
|
Salt River Project Agricultural Improvement & Power District Revenue, Series 2025-C,
5.25%,
due 1/1/2055
|
1,050,487
|
|
|
|
1,500,000
|
Sierra Vista Industrial Development Authority Revenue (American Leadership Academy
Project),
Series 2024, 5.00%, due 6/15/2059
|
1,229,817
(b)
|
|
|
|
|
|
3,729,284
|
|
|
Arkansas 0.7%
|
|
|||
|
|
550,000
|
Benton Washington Regional Public Water Authority Revenue (Green Bond), Series 2022,
(BAM),
4.00%, due 10/1/2033
|
558,398
|
|
|
|
675,000
|
Mountain Home Arkansas Sales & Use Tax Revenue, Series 2021-B, 2.00%, due 9/1/2038
|
491,778
|
|
|
|
315,000
|
Russellville Water & Sewer Revenue, Series 2018, (AG), 4.00%, due 7/1/2028
|
315,305
|
|
|
|
800,000
|
Searcy City Sales & Use Tax Revenue, Series 2024, 5.00%, due 11/1/2029
|
842,646
|
|
|
|
|
|
2,208,127
|
|
|
California 3.5%
|
|
|||
|
|
25,000
|
Bay Area Toll Authority Toll Bridge Revenue Refunding, Series 2026-F-1, 5.00%, due
4/1/2043
|
28,429
|
|
|
|
|
California Community Choice Financing Authority Revenue (Clean Energy Project)
|
|
|
|
|
400,000
|
Series 2026-B, 5.00%, due 3/1/2036
|
410,451
|
|
|
|
2,690,000
|
Series 2026-F, 5.00%, due 6/1/2036
|
2,863,115
|
|
|
|
|
California Housing Finance Agency Municipal Certificate
|
|
|
|
|
1,298,178
|
Series 2019-2, 4.00%, due 3/20/2033
|
1,307,925
|
|
|
Principal Amount
|
Value
|
|||
|
California – cont'd
|
|
|||
|
$
|
824,421
|
Series 2019-A, 4.25%, due 1/15/2035
|
$838,222
|
|
|
|
250,000
|
California Municipal Finance Authority Charter School Lease Revenue (Santa Rosa Academy
Project), Series 2015, 5.13%, due 7/1/2035
|
250,007
(b)
|
|
|
|
400,000
|
California Municipal Finance Authority Charter School Revenue (John Adams Academics
Project), Series 2019-A, 5.00%, due 10/1/2049
|
367,283
(b)
|
|
|
|
500,000
|
California Municipal Finance Authority Charter School Revenue (Palmdale Aerospace
Academy
Project), Series 2016, 5.00%, due 7/1/2031
|
500,082
(b)
|
|
|
|
400,000
|
California Municipal Finance Authority Revenue (Baptist University), Series 2015-A,
5.00%, due
11/1/2030
|
400,114
(b)
|
|
|
|
300,000
|
California Municipal Finance Authority Revenue (Northbay Healthcare Group), Series
2017-A,
5.25%, due 11/1/2036
|
300,349
|
|
|
|
940,000
|
California Municipal Finance Authority Revenue (Olive Park Apartments), Series 2026-A,
2.95%,
due 9/1/2056 Putable 8/1/2029
|
931,497
|
|
|
|
245,111
|
California State Pollution Control Financing Authority Solid Waste Disposal Revenue
(Calplant I
Green Bond Project), Series 2019, 7.50%, due 12/1/2039
|
2
(b)(c)
|
|
|
|
500,000
|
California State School Finance Authority Charter School Revenue (Downtown College
Prep-Obligation Group), Series 2016, 4.75%, due 6/1/2036
|
300,000
(b)(c)
|
|
|
|
600,000
|
California State School Finance Authority Charter School Revenue (Rocketship Education),
Series 2016-A, 5.00%, due 6/1/2031
|
586,132
(b)
|
|
|
|
25,000
|
California Statewide Communities Development Authority Revenue (Kaiser Permanente),
Series 2004-MR, 5.00%, due 4/1/2038 Putable 11/1/2029
|
26,512
|
|
|
|
400,000
|
California Statewide Communities Development Authority Revenue Refunding (Lancer Education
Student Housing Project), Series 2016-A, 5.00%, due 6/1/2036
|
400,100
(b)
|
|
|
|
400,000
|
Chino Valley Unified School District General Obligation, Series 2020-B, (AG), 3.38%,
due
8/1/2050
|
322,002
|
|
|
|
535,000
|
Contra Costa County Redevelopment Agency Successor Agency Tax Allocation Refunding,
Series 2017-A, (BAM), 5.00%, due 8/1/2032
|
545,246
|
|
|
|
280,000
|
Fresno Joint Power Financing Authority Lease Revenue Refunding (Master Lease Project),
Series 2017-A, (AG), 5.00%, due 4/1/2032
|
283,884
|
|
|
|
760,000
|
Los Angeles Department of Water & Power Revenue Refunding, Series 2024-C, 5.00%, due
7/1/2037
|
816,726
|
|
|
|
|
|
11,478,078
|
|
|
Colorado 1.0%
|
|
|||
|
|
1,245,000
|
Colorado Health Facilities Authority Revenue Refunding (Children's Hospital), (LOC:
TD Bank
N.A.), Series 2020-A, 3.05%, due 12/1/2052
|
1,245,000
(d)
|
|
|
|
270,000
|
Colorado State Certificate of Participation (Health Sciences Facilities), Series 2024-A,
5.00%,
due 11/1/2053
|
275,439
|
|
|
|
360,000
|
Denver City & County School District No. 1 General Obligation, Series 2025-A, (ST
AID
WITHHLDG), 5.25%, due 12/1/2041
|
396,571
|
|
|
|
40,000
|
Denver Health & Hospital Authority Healthcare Revenue Refunding, Series 2019-A, 4.00%,
due
12/1/2037
|
37,144
|
|
|
|
125,000
|
Platte River Metropolitan District General Obligation Refunding, Series 2023-A, 6.50%,
due
8/1/2053
|
126,915
(b)
|
|
|
|
495,000
|
Pueblo Urban Renewal Authority Tax Increment Revenue (Evraz Project), Series 2021-A,
4.75%,
due 12/1/2045
|
474,262
(b)
|
|
|
|
500,000
|
Vail Home Partners Corp. Revenue, Series 2025, 6.00%, due 10/1/2064
|
513,701
(b)
|
|
|
|
250,000
|
Westminster Public Schools Certificate of Participation, Series 2019, (AG), 5.00%,
due
12/1/2030
|
260,977
|
|
|
|
|
|
3,330,009
|
|
|
Connecticut 0.7%
|
|
|||
|
|
440,000
|
Connecticut State Health & Educational Facilities Authority Revenue (Hartford Healthcare
Energy
Project), Series 2026-A, 5.00%, due 8/1/2040
|
474,084
|
|
|
Principal Amount
|
Value
|
|||
|
Connecticut – cont'd
|
|
|||
|
$
|
1,045,000
|
Connecticut State Special Tax Revenue (Transportation Infrastructure), Series 2024-A-2,
5.00%,
due 7/1/2038
|
$1,143,851
|
|
|
|
500,000
|
Stamford Housing Authority Revenue Refunding (Mozaic Concierge Living Project),
Series 2025-A, 6.25%, due 10/1/2060
|
505,216
|
|
|
|
|
|
2,123,151
|
|
|
District of Columbia 1.3%
|
|
|||
|
|
1,925,000
|
Deutsche Bank Spears/Lifers Trust Revenue, (LOC: Deutsche Bank A.G.),
Series 2020-DBE-8070, 2.56%, due 8/1/2040
|
1,925,000
(b)(d)
|
|
|
|
1,650,000
|
District of Columbia General Obligation, Series 2019-A, 5.00%, due 10/15/2036
|
1,715,205
|
|
|
|
775,000
|
District of Columbia Revenue Refunding (Gallaudet University), Series 2021-A, 5.00%,
due
4/1/2051
|
762,780
|
|
|
|
|
|
4,402,985
|
|
|
Florida 3.1%
|
|
|||
|
|
200,000
|
Capital Trust Agency Senior Living Revenue (H-Bay Ministries, Inc. Superior Residences-Third
Tier), Series 2018-C, 7.50%, due 7/1/2053
|
7,600
(b)(c)
|
|
|
|
500,000
|
Capital Trust Agency Senior Living Revenue (Wonderful Foundations School Project),
Series 2020-A-1, 5.00%, due 1/1/2055
|
421,715
(b)
|
|
|
|
175,000
|
City Of South Miami Health Facilities Authority, Inc. Revenue Refunding (Baptist Health
South
Florida Obligated Group), Series 2017, 5.00%, due 8/15/2029
|
178,500
|
|
|
|
650,000
|
Florida Development Finance Corp. Education Facilities Revenue Refunding (Pepin Academies,
Inc.), Series 2016-A, 5.00%, due 7/1/2036
|
616,850
|
|
|
|
|
Florida Development Finance Corp. Revenue (Tampa General Hospital Project)
|
|
|
|
|
75,000
|
Series 2024-A, 5.00%, due 8/1/2028
|
77,760
|
|
|
|
35,000
|
Series 2024-A, 5.00%, due 8/1/2029
|
36,760
|
|
|
|
440,000
|
Hillsborough County Industrial Development Authority Revenue Refunding (Baycare Health
System), (LOC: TD Bank N.A.), Series 2020-B, 2.95%, due 11/1/2038
|
440,000
(d)
|
|
|
|
500,000
|
Lee County Airport Revenue, Series 2024, 5.25%, due 10/1/2054
|
507,810
|
|
|
|
500,000
|
Miami Beach Health Facilities Authority Revenue Refunding (Mount Sinai Medical Center
of
Florida), Series 2026-A, 5.00%, due 11/15/2035
|
548,517
|
|
|
|
1,200,000
|
Miami-Dade County Water & Sewer System Revenue, Series 2025-A, 5.00%, due 10/1/2055
|
1,227,917
|
|
|
|
|
Palm Beach County Health Facilities Authority Revenue (Baptist Health South Florida
Obligated
Group)
|
|
|
|
|
40,000
|
Series 2019, 5.00%, due 8/15/2031
|
42,020
|
|
|
|
50,000
|
Series 2019, 5.00%, due 8/15/2034
|
52,100
|
|
|
|
10,000
|
Series 2019, 5.00%, due 8/15/2036
|
10,365
|
|
|
|
1,000,000
|
Palm Beach County Health Facilities Authority Revenue (Lifespace Communities, Inc.),
Series 2026-B, 5.63%, due 5/15/2061
|
1,001,323
|
|
|
|
|
Village Community Development District No. 13 Special Assessment Revenue
|
|
|
|
|
295,000
|
Series 2019, 3.00%, due 5/1/2029
|
289,805
|
|
|
|
935,000
|
Series 2019, 3.70%, due 5/1/2050
|
728,764
|
|
|
|
990,000
|
Village Community Development District No. 15 Special Assessment Revenue, Series 2024,
4.80%, due 5/1/2055
|
918,389
(b)
|
|
|
|
700,000
|
Village Community Development District No. 16 Special Assessment Revenue, Series 2025,
5.13%, due 5/1/2056
|
682,270
|
|
|
|
|
Wildwood Utility Dependent District Revenue (Senior-South Sumter Utilities Project)
|
|
|
|
|
1,350,000
|
Series 2021, (BAM), 5.00%, due 10/1/2034
|
1,443,729
|
|
|
|
300,000
|
Series 2021, (BAM), 5.00%, due 10/1/2035
|
319,503
|
|
|
|
250,000
|
Series 2021, (BAM), 5.00%, due 10/1/2036
|
265,150
|
|
|
|
300,000
|
Series 2021, (BAM), 5.00%, due 10/1/2037
|
316,837
|
|
|
|
|
|
10,133,684
|
|
|
Principal Amount
|
Value
|
|||
|
Georgia 4.9%
|
|
|||
|
$
|
300,000
|
Atlanta Development Authority Revenue (Westside Gulch Area Project), Series 2024-A,
5.50%,
due 4/1/2039
|
$304,324
(b)
|
|
|
|
75,000
|
Cartersville Water & Sewer Revenue, Series 2026, 5.00%, due 6/1/2049
|
78,304
|
|
|
|
1,450,000
|
Georgia State Revenue Refunding (General Obligation), Series 2023-C, 5.00%, due 1/1/2033
|
1,616,599
|
|
|
|
|
Main Street Natural Gas, Inc. Gas Supply Revenue
|
|
|
|
|
1,115,000
|
Series 2023-A, 5.00%, due 6/1/2053 Putable 6/1/2030
|
1,152,952
|
|
|
|
5,690,000
|
Series 2024-B, 5.00%, due 12/1/2054 Putable 3/1/2032
|
6,026,856
|
|
|
|
2,385,000
|
Series 2025-A, 5.00%, due 6/1/2055 Putable 6/1/2032
|
2,530,745
|
|
|
|
2,500,000
|
Monroe County Development Authority PCR Revenue Refunding (Georgia Power Co.
Plant-Scherer Project), Series 2009, 1.00%, due 7/1/2049 Putable 8/21/2026
|
2,497,232
|
|
|
|
345,000
|
Municipal Electric Authority of Georgia (Plant Vogtle Units 3 & 4 Project M Bonds),
Series 2019-A, 5.00%, due 1/1/2032
|
355,530
|
|
|
|
250,000
|
Municipal Electric Authority of Georgia Revenue (Plant Vogtle Units 3 & 4 Project
M Bonds),
Series 2023-A, 5.50%, due 7/1/2064
|
254,103
|
|
|
|
1,000,000
|
Savannah Georgia Convention Center Authority Revenue (Convention Center Hotel-Second
Tier),
Series 2025-B, 6.25%, due 6/1/2061
|
1,006,281
(b)
|
|
|
|
150,000
|
Savannah Georgia Convention Center Authority Revenue (Convention Center Hotel-Third
Tier),
Series 2025-C, (AG), 5.00%, due 6/1/2058
|
150,360
|
|
|
|
|
|
15,973,286
|
|
|
Hawaii 0.1%
|
|
|||
|
|
250,000
|
Hawaii State Department of Budget & Finance Special Purpose Revenue Refunding,
Series 2015-A, 5.00%, due 1/1/2035
|
241,666
(b)
|
|
|
Illinois 8.5%
|
|
|||
|
|
170,000
|
Bureau County Township High School District No. 502 General Obligation, Series 2017-A,
(BAM), 5.00%, due 12/1/2033 Pre-Refunded 12/1/2027
|
174,996
|
|
|
|
5,500,000
|
Chicago O'Hare International Airport Revenue, Series 2026-A, 5.25%, due 1/1/2061
|
5,626,381
|
|
|
|
200,000
|
Chicago O'Hare International Airport Special Facility Revenue (Trips Obligated Group),
Series 2018, 5.00%, due 7/1/2048
|
196,476
|
|
|
|
|
Cook County Community Consolidated School District No. 21 General Obligation (Wheeling
School Building)
|
|
|
|
|
1,000,000
|
Series 2019-A, (AG), 4.00%, due 12/1/2035
|
1,001,873
|
|
|
|
880,000
|
Series 2020-A, (BAM), 5.00%, due 12/1/2030
|
917,831
|
|
|
|
3,340,000
|
Cook County Sales Tax Revenue Refunding, Series 2021-A, 5.00%, due 11/15/2031
|
3,574,227
|
|
|
|
750,000
|
Illinois Finance Authority Revenue (CenterPoint Joliet Terminal Railroad Project),
Series 2010,
4.80%, due 12/1/2043 Putable 7/2/2035
|
761,308
(b)
|
|
|
|
635,000
|
Illinois Finance Authority Revenue (Government Program-Brookfield Lagrange Park School
District No. 95 Project), Series 2018, 4.00%, due 12/1/2038
|
610,056
|
|
|
|
|
Illinois Finance Authority Revenue (Government Program-E Prairie School District No.
73 Project)
|
|
|
|
|
965,000
|
Series 2018, (BAM), 5.00%, due 12/1/2029
|
992,369
|
|
|
|
35,000
|
Series 2018, (BAM), 4.00%, due 12/1/2042
|
32,670
|
|
|
|
50,000
|
Illinois Finance Authority Revenue Refunding (Carle Foundation), Series 2021-A, 5.00%,
due
8/15/2033
|
53,285
|
|
|
|
425,000
|
Illinois Finance Authority Revenue Refunding (Rosalind Franklin University of Medicine
&
Science), Series 2017-A, 5.00%, due 8/1/2047
|
402,800
|
|
|
|
900,000
|
Illinois State Finance Authority Revenue (Downers Grove Community High School District
No. 99
Project), Series 2019, 4.00%, due 12/15/2030
|
912,157
|
|
|
|
|
Illinois State General Obligation
|
|
|
|
|
670,000
|
Series 2016, 4.00%, due 1/1/2031
|
670,216
|
|
|
|
3,605,000
|
Series 2017-D, 5.00%, due 11/1/2027
|
3,696,507
|
|
|
|
2,815,000
|
Series 2017-D, 5.00%, due 11/1/2028
|
2,883,078
|
|
|
|
800,000
|
Series 2020, 5.75%, due 5/1/2045
|
837,443
|
|
|
|
600,000
|
Series 2023-B, 5.00%, due 5/1/2028
|
620,649
|
|
|
Principal Amount
|
Value
|
|||
|
Illinois – cont'd
|
|
|||
|
$
|
400,000
|
Series 2025-E, 5.00%, due 9/1/2045
|
$409,643
|
|
|
|
|
Peoria School District No. 150 General Obligation Refunding
|
|
|
|
|
395,000
|
Series 2020-A, (AG), 4.00%, due 12/1/2026
|
396,276
|
|
|
|
1,795,000
|
Series 2020-A, (AG), 4.00%, due 12/1/2027
|
1,800,821
|
|
|
|
975,000
|
Series 2020-A, (AG), 4.00%, due 12/1/2028
|
978,717
|
|
|
|
250,000
|
Southwestern Illinois Development Authority Revenue (East St. Louis School District
No. 189
Project), Series 2026-B, (BAM), 5.50%, due 1/1/2047
|
263,171
|
|
|
|
|
|
27,812,950
|
|
|
Indiana 3.4%
|
|
|||
|
|
525,000
|
Fairfield School Building Corp. Revenue, Series 2021, (ST INTERCEPT), 3.00%, due 7/15/2028
|
521,246
|
|
|
|
500,000
|
Indiana Finance Authority Revenue (Indiana University Health), Series 2023-A, 5.00%,
due
10/1/2053
|
507,673
|
|
|
|
6,000,000
|
Indiana Municipal Power Agency Revenue Refunding, (LOC: Truist Bank), Series 2019-B,
3.10%,
due 1/1/2042
|
6,000,000
(d)
|
|
|
|
1,150,000
|
Indiana State Finance Authority Revenue Refunding (Greencroft Obligation Group),
Series 2021-A, 4.00%, due 11/15/2043
|
1,022,192
|
|
|
|
1,550,000
|
Indianapolis Local Public Improvement Bond Bank Revenue (Convention Center Hotel),
Series 2023-E, 6.00%, due 3/1/2053
|
1,593,591
|
|
|
|
400,000
|
IPS Multi-School Building Corp. Revenue (Green Bond), Series 2024, (ST INTERCEPT),
5.00%,
due 7/15/2039
|
422,405
|
|
|
|
1,000,000
|
Northern Indiana Commuter Transportation District Revenue, Series 2024, 5.00%, due
1/1/2054
|
1,022,902
|
|
|
|
|
|
11,090,009
|
|
|
Iowa 0.9%
|
|
|||
|
|
655,000
|
Des Moines Metropolitan Wastewater Reclamation Authority Revenue, Series 2024-B, 5.00%,
due 6/1/2037
|
696,609
|
|
|
|
|
Iowa Finance Authority Revenue
|
|
|
|
|
300,000
|
(LOC: TD Bank N.A.), Series 2019-E, (FHLMC), (FNMA), (GNMA), 2.16%, due 1/1/2049
|
300,000
(d)
|
|
|
|
750,000
|
(LOC: TD Bank N.A.), Series 2020-E, (FHLMC), (FNMA), (GNMA), 2.16%, due 7/1/2049
|
750,000
(d)
|
|
|
|
1,050,000
|
Iowa Higher Education Loan Authority Revenue (Private College Des Moines University
Project),
Series 2020, 5.00%, due 10/1/2027
|
1,069,493
|
|
|
|
|
|
2,816,102
|
|
|
Kansas 0.9%
|
|
|||
|
|
100,000
|
Finney General Obligation, Series 2026-A, (BAM), 5.25%, due 10/1/2046
|
106,985
|
|
|
|
1,000,000
|
Garden City Revenue (Sports Of The World Bond Project), Series 2025, 5.38%, due 6/1/2039
|
994,543
(b)
|
|
|
|
600,000
|
Wichita Sales Tax Special Obligation Revenue (K-96 Greenwich Star Bond Project),
Series 2026-A, 4.13%, due 9/1/2033
|
593,807
(b)
|
|
|
|
1,085,000
|
Wichita Sales Tax Special Obligation Revenue (River District Stadium Star Bond Project),
Series 2018, 5.00%, due 9/1/2027
|
1,109,895
|
|
|
|
|
|
2,805,230
|
|
|
Kentucky 3.2%
|
|
|||
|
|
900,000
|
Berea Revenue (Berea College Project), Series 2003-B, 2.95%, due 6/1/2029
|
900,000
(d)
|
|
|
|
|
Breathitt County School District Finance Corp. Revenue
|
|
|
|
|
210,000
|
Series 2021, (ST INTERCEPT), 2.00%, due 4/1/2027
|
207,724
|
|
|
|
615,000
|
Series 2021, (ST INTERCEPT), 2.00%, due 4/1/2029
|
583,421
|
|
|
|
480,000
|
Daviess County School District Finance Corp. Revenue, Series 2021-A, (ST INTERCEPT),
2.00%,
due 12/1/2031
|
424,317
|
|
|
|
650,000
|
Green County School District Finance Corp., Series 2021, (ST INTERCEPT), 2.00%, due
10/1/2026
|
648,152
|
|
|
Principal Amount
|
Value
|
|||
|
Kentucky – cont'd
|
|
|||
|
|
|
Kentucky Bond Development Corp. Revenue (University of Kentucky Central Utility Plant
Project)
|
|
|
|
$
|
750,000
|
Series 2026-A, 5.50%, due 10/31/2056
|
$783,700
|
|
|
|
1,000,000
|
Series 2026-A, 5.00%, due 10/31/2058
|
981,885
|
|
|
|
405,000
|
Kentucky Economic Development Finance Authority Revenue (Senior Next Generation
Information Highway Project), Series 2015-A, 4.00%, due 7/1/2029
|
405,176
|
|
|
|
1,000,000
|
Kentucky Economic Development Finance Authority Revenue Refunding (Owensboro Health),
Series 2017-A, 5.00%, due 6/1/2041
|
986,996
|
|
|
|
900,000
|
Kentucky Municipal Power Agency Power System Revenue Refunding (Prairie Saint Project),
Series 2019-A, 4.00%, due 9/1/2045
|
802,535
|
|
|
|
1,675,000
|
Kentucky Public Energy Authority Revenue, Series 2024-A, 5.00%, due 5/1/2055 Putable
7/1/2030
|
1,735,515
|
|
|
|
|
Kentucky State Property & Building Commission Revenue (Project No.128)
|
|
|
|
|
785,000
|
Series 2023-A, 5.00%, due 11/1/2035
|
862,359
|
|
|
|
120,000
|
Series 2023-A, 5.50%, due 11/1/2043
|
130,493
|
|
|
|
1,000,000
|
Logan-Todd Regional Water Commission Revenue Refunding, Series 2016-A, (AG), 5.00%,
due
7/1/2028
|
1,001,409
|
|
|
|
|
|
10,453,682
|
|
|
Louisiana 1.4%
|
|
|||
|
|
900,000
|
East Baton Rouge Parish School System General Obligation, Series 2025, (BAM), 5.00%,
due
3/1/2045
|
935,718
|
|
|
|
228,953
|
Louisiana Local Government Environmental Facilities & Community Development Authority
Revenue (Lafourche Parish Gomesa Project), Series 2019, 3.95%, due 11/1/2043
|
205,459
(b)
|
|
|
|
360,000
|
Louisiana Local Government Environmental Facilities & Community Development Authority
Revenue Refunding (Westside Habilitation Center Project), Series 2017-A, 5.75%, due
2/1/2032
|
355,441
(b)
|
|
|
|
|
Louisiana Stadium & Exposition District Revenue Refunding
|
|
|
|
|
50,000
|
Series 2023-A, 5.00%, due 7/1/2037
|
53,304
|
|
|
|
1,600,000
|
Series 2023-A, 5.00%, due 7/1/2048
|
1,628,498
|
|
|
|
|
Natchitoches Parish School District No. 9 General Obligation
|
|
|
|
|
505,000
|
Series 2018, (AG), 5.00%, due 3/1/2027
|
510,861
|
|
|
|
755,000
|
Series 2018, (AG), 5.00%, due 3/1/2028
|
777,969
|
|
|
|
|
|
4,467,250
|
|
|
Maine 0.2%
|
|
|||
|
|
756,972
|
Maine State Finance Authority Revenue (TimberHP Madison LLC), Series 2025, 8.50%,
due
6/1/2035
|
567,729
#(e)(f)
|
|
|
Maryland 0.6%
|
|
|||
|
|
200,000
|
Baltimore Special Obligation Revenue Senior Lien (Harbor Point Project), Series 2022,
5.00%,
due 6/1/2051
|
199,417
|
|
|
|
240,000
|
Maryland Health & Higher Educational Facilities Authority Revenue Refunding (Medstar
Health),
Series 2026-C, 5.00%, due 8/15/2041
|
253,976
|
|
|
|
1,725,000
|
Maryland State Housing & Community Development Administration Department Revenue
Refunding, Series 2020-D, 1.95%, due 9/1/2035
|
1,409,885
|
|
|
|
|
|
1,863,278
|
|
|
Massachusetts 1.3%
|
|
|||
|
|
1,770,000
|
Commonwealth of Massachusetts General Obligation (Consolidated Loan), Series 2024-A,
5.00%, due 1/1/2035
|
1,969,120
|
|
|
|
755,000
|
Commonwealth of Massachusetts Transportation Fund Revenue (Rail Enhancement Program),
Series 2022-B, 5.00%, due 6/1/2052
|
770,699
|
|
|
|
910,000
|
Massachusetts Bay Transportation Authority Sales Tax Revenue, Series 2023-A-1, 5.00%,
due
7/1/2040
|
976,799
|
|
|
Principal Amount
|
Value
|
|||
|
Massachusetts – cont'd
|
|
|||
|
$
|
100,000
|
Massachusetts Development Finance Agency Revenue (Care Communities LLC Obligated),
Series 2025-A-1, 6.50%, due 7/15/2060
|
$101,523
(b)
|
|
|
|
285,000
|
Massachusetts State Educational Financing Authority Revenue, Series 2023-C, 5.00%,
due
7/1/2053
|
268,583
|
|
|
|
|
|
4,086,724
|
|
|
Michigan 2.5%
|
|
|||
|
|
1,000,000
|
Dearborn General Obligation (Sewer), Series 2018, 4.00%, due 4/1/2033
|
1,008,005
|
|
|
|
250,000
|
Detroit General Obligation, Series 2023-C, 6.00%, due 5/1/2043
|
272,933
|
|
|
|
400,000
|
Detroit General Obligation (Green Bond), Series 2021-A, 4.00%, due 4/1/2040
|
373,535
|
|
|
|
70,000
|
Fowlerville Community School District Refunding General Obligation, Series 2022, (Q-SBLF),
4.00%, due 5/1/2033
|
72,284
|
|
|
|
|
Kent Hospital Finance Authority Revenue (Mary Free Bed Rehabilitation Hospital)
|
|
|
|
|
105,000
|
Series 2021-A, 5.00%, due 4/1/2028
|
107,959
|
|
|
|
1,015,000
|
Series 2021-A, 4.00%, due 4/1/2033
|
1,025,125
|
|
|
|
750,000
|
Michigan State Housing Development Authority Revenue (Non Ace), Series 2016-B, 2.50%,
due
12/1/2026
|
747,983
|
|
|
|
290,000
|
Michigan State Housing Development Authority Revenue Refunding, Series 2018-B, 3.15%,
due
4/1/2028
|
290,414
|
|
|
|
1,000,000
|
Michigan State Strategic Fund Ltd. Obligation Revenue (Graphic Packaging
International LLC-Recycled Board Machine Project), Series 2021, 4.00%, due 10/1/2061
Putable
10/1/2026
|
1,000,224
|
|
|
|
|
Trenton Public School District General Obligation (School Building & Site)
|
|
|
|
|
785,000
|
Series 2018-B, (Q-SBLF), 5.00%, due 5/1/2036
|
804,749
|
|
|
|
1,025,000
|
Series 2018-B, (Q-SBLF), 5.00%, due 5/1/2039
|
1,046,122
|
|
|
|
|
Walled Lake Consolidated School District (General Obligation)
|
|
|
|
|
690,000
|
Series 2020, (Q-SBLF), 5.00%, due 5/1/2032
|
733,725
|
|
|
|
675,000
|
Series 2020, (Q-SBLF), 5.00%, due 5/1/2033
|
717,289
|
|
|
|
|
|
8,200,347
|
|
|
Minnesota 1.0%
|
|
|||
|
|
|
Duluth Economic Development Authority Revenue Refunding (Saint Luke's Hospital of
Duluth)
|
|
|
|
|
310,000
|
Series 2022-A, 5.00%, due 6/15/2027
|
315,341
|
|
|
|
410,000
|
Series 2022-A, 5.00%, due 6/15/2028
|
425,762
|
|
|
|
|
Minnesota Agricultural & Economic Development Board Revenue (HealthPartners Obligated
Group)
|
|
|
|
|
250,000
|
Series 2024, 5.00%, due 1/1/2036
|
269,094
|
|
|
|
1,000,000
|
Series 2024, 5.25%, due 1/1/2054
|
1,017,288
|
|
|
|
540,000
|
Minnesota State General Obligation Refunding, Series 2023-D, 5.00%, due 8/1/2031
|
591,356
|
|
|
|
500,000
|
Saint Paul Housing & Redevelopment Authority Charter School Lease Revenue (Academia
Cesar Chavez School Project), Series 2015-A, 5.25%, due 7/1/2050
|
417,004
|
|
|
|
400,000
|
Saint Paul Housing & Redevelopment Authority Health Care Revenue Refunding (Fairview
Health
Services Obligated Group), Series 2017-A, 4.00%, due 11/15/2043
|
355,078
|
|
|
|
|
|
3,390,923
|
|
|
Mississippi 1.0%
|
|
|||
|
|
730,000
|
Gulfport Revenue (Memorial Hospital At Gulfport), Series 2025, 5.00%, due 7/1/2032
|
773,905
|
|
|
|
|
Mississippi Business Finance Corp. Revenue (Chevron USA, Inc. Project)
|
|
|
|
|
200,000
|
Series 2009-B, 3.15%, due 12/1/2030
|
200,000
(d)
|
|
|
|
1,625,000
|
Series 2010-G, 3.05%, due 11/1/2035
|
1,625,000
(d)
|
|
|
|
235,000
|
Mississippi Development Bank Special Obligation (Jackson Co. Gomesa Project), Series
2021,
3.63%, due 11/1/2036
|
221,613
(b)
|
|
|
Principal Amount
|
Value
|
|||
|
Mississippi – cont'd
|
|
|||
|
$
|
325,000
|
Mississippi State General Obligation Refunding, Series 2015-C, 5.00%, due 10/1/2026
|
$325,560
|
|
|
|
|
|
3,146,078
|
|
|
Missouri 1.0%
|
|
|||
|
|
1,000,000
|
Bi-State Development Agency of the Missouri-Illinois Metropolitan District Revenue
Refunding
(Combined Lien Mass Transit Sales Tax Appropriation), Series 2019, 4.00%, due 10/1/2036
|
1,007,303
|
|
|
|
800,000
|
Missouri State Health & Educational Facilities Authority Revenue (Mercy Health), Series
2023,
5.50%, due 12/1/2040
|
871,311
|
|
|
|
|
Saint Louis School District General Obligation
|
|
|
|
|
410,000
|
Series 2023, (AG), 5.00%, due 4/1/2035
|
442,439
|
|
|
|
1,000,000
|
Series 2023, (AG), 5.00%, due 4/1/2039
|
1,057,193
|
|
|
|
|
|
3,378,246
|
|
|
Nebraska 0.8%
|
|
|||
|
|
2,520,000
|
Central Plains Energy Project Revenue Refunding, Series 2023-A, 5.00%, due 5/1/2054
Putable
11/1/2029
|
2,617,713
|
|
|
Nevada 0.1%
|
|
|||
|
|
500,000
|
Director of the State of Nevada Department of Business & Industrial Revenue (Somerset
Academy), Series 2015-A, 5.13%, due 12/15/2045
|
477,081
(b)
|
|
|
New Hampshire 0.5%
|
|
|||
|
|
|
New Hampshire Business Finance Authority Revenue (Pennichuck Water Works, Inc.)
|
|
|
|
|
300,000
|
Series 2024-A, 5.38%, due 4/1/2049
|
300,270
|
|
|
|
325,000
|
Series 2024-A, 5.50%, due 4/1/2054
|
316,084
|
|
|
|
400,000
|
Series 2024-A, 5.63%, due 4/1/2059
|
391,152
|
|
|
|
750,000
|
New Hampshire Business Finance Authority Revenue Refunding (Green Bond), Series 2020-B,
3.75%, due 7/1/2045 Putable 7/2/2040
|
606,124
(b)
|
|
|
|
|
|
1,613,630
|
|
|
New Jersey 4.5%
|
|
|||
|
|
5,925,000
|
Middlesex County Improvement Authority Revenue (New Jersy Health & Life Science Exchange
H-3 Project), Series 2026-D, 5.00%, due 9/15/2032
|
6,551,970
|
|
|
|
1,250,000
|
New Jersey Economic Development Authority Revenue (Repauno Port & Rail Terminal Project),
Series 2025, 6.38%, due 1/1/2035
|
1,315,667
(b)
|
|
|
|
1,500,000
|
New Jersey Health Care Facilities Financing Authority Contract Revenue Refunding (Hospital
Asset Transportation Program), Series 2017, 5.00%, due 10/1/2028
|
1,549,295
|
|
|
|
1,130,000
|
New Jersey Health Care Facilities Financing Authority Revenue (Inspira Health Obligated
Group), Series 2017-A, 5.00%, due 7/1/2029
|
1,150,019
|
|
|
|
700,000
|
New Jersey Health Care Facilities Financing Authority Revenue Refunding (Barnabas
Health
Obligated Group), Series 2026, 5.25%, due 7/1/2037
|
793,563
|
|
|
|
600,000
|
New Jersey State Transportation Trust Fund Authority, Series 2019-BB, 5.00%, due 6/15/2029
|
627,578
|
|
|
|
100,000
|
New Jersey State Transportation Trust Fund Authority Revenue Refunding, Series 2021-A,
5.00%, due 6/15/2031
|
108,047
|
|
|
|
1,270,000
|
New Jersey State Transportation Trust Fund Authority Transportation Program Revenue,
Series 2024-CC, 5.00%, due 6/15/2031
|
1,372,193
|
|
|
|
1,000,000
|
New Jersey State Transportation Trust Fund Authority Transportation Program Revenue
Refunding, Series 2024-AA, 5.25%, due 6/15/2041
|
1,086,040
|
|
|
|
|
|
14,554,372
|
|
|
New Mexico 0.3%
|
|
|||
|
|
1,000,000
|
New Mexico Municipal Energy Acquisition Authority Revenue Refunding, Series 2025,
5.00%,
due 6/1/2054 Putable 11/1/2030
|
1,053,058
|
|
|
Principal Amount
|
Value
|
|||
|
New York 17.1%
|
|
|||
|
$
|
2,000,000
|
Board of Cooperative Educational Services of Second Supervisory District Revenue,
Series 2026, 3.75%, due 6/30/2027
|
$2,002,811
(a)
|
|
|
|
410,000
|
Broome County Local Development Corp. Revenue Refunding (Good Shepherd Village at
Endwell, Inc. Project), Series 2021, 4.00%, due 7/1/2047
|
355,152
|
|
|
|
250,000
|
Buffalo Sewer Authority Environmental Impact Revenue (Green Bond), Series 2021, 1.75%,
due
6/15/2049
|
187,379
(g)
|
|
|
|
250,000
|
Build NYC Resource Corp. Revenue (261 Walton Facility LLC - Zeta Charter Schools,
Inc.
Project), Series 2026-A, 5.50%, due 6/1/2056
|
243,102
(b)
|
|
|
|
200,000
|
Build NYC Resource Corp. Revenue (New Dawn Charter School Project), Series 2019, 5.75%,
due 2/1/2049
|
197,395
(b)
|
|
|
|
500,000
|
Build NYC Resource Corp. Revenue (Riverspring Health Senior Living, Inc. Project),
Series 2026-A, 7.00%, due 12/15/2065
|
503,075
(b)
|
|
|
|
285,000
|
Empire State Development Corp. Revenue, Series 2024-A, 5.00%, due 3/15/2038
|
313,887
|
|
|
|
825,000
|
Monroe County General Obligation (Public Improvement), Series 2019-A, (BAM), 4.00%,
due
6/1/2028
|
825,839
|
|
|
|
150,000
|
Nassau County Local Economic Assistance Corp. Revenue (Catholic Health Services of
Long
Island Obligated Group Project), Series 2014, 5.00%, due 7/1/2027
|
150,671
|
|
|
|
500,000
|
New Paltz Central School District General Obligation, Series 2019, (ST AID WITHHLDG),
4.00%,
due 2/15/2029
|
503,246
|
|
|
|
1,090,000
|
New York City Housing Development Corp. Multi-Family Housing Revenue (Sustainable
Development Bonds), Series 2021-F-1, (FHA), 1.25%, due 5/1/2029
|
1,009,826
|
|
|
|
|
New York City Housing Development Corp. Revenue (Green Bond)
|
|
|
|
|
500,000
|
(LOC: TD Bank N.A.), Series 2020-I-3, 2.16%, due 11/1/2060
|
500,000
(d)
|
|
|
|
2,375,000
|
Series 2020-C, (FNMA), (HUD), 2.15%, due 8/1/2035
|
1,972,832
|
|
|
|
|
New York City Municipal Water Finance Authority Water & Sewer System Revenue (Second
General Resolution Revenue Bonds)
|
|
|
|
|
100,000
|
(LOC: JP Morgan Chase Bank N.A.), Series 2013-AA-1, 3.05%, due 6/15/2050
|
100,000
(d)
|
|
|
|
1,250,000
|
Series 2024-BB, 5.25%, due 6/15/2054
|
1,292,427
|
|
|
|
5,255,000
|
Series 2026-BB, 5.00%, due 6/15/2056
|
5,380,399
|
|
|
|
1,370,000
|
New York City Municipal Water Finance Authority Water & Sewer System Revenue Refunding
(Second General Resolution Revenue Bonds), Series 2023-DD, 5.25%, due 6/15/2047
|
1,442,673
|
|
|
|
|
New York City Transitional Finance Authority Revenue (Future Tax Secured)
|
|
|
|
|
900,000
|
(LOC: JP Morgan Chase Bank N.A.), Series 2012-C-4, 3.05%, due 11/1/2036
|
900,000
(d)
|
|
|
|
285,000
|
Series 2016-A-1, 5.00%, due 5/1/2040
|
285,323
|
|
|
|
700,000
|
Series 2024-C, 5.00%, due 5/1/2041
|
742,822
|
|
|
|
525,000
|
Series 2024-C, 5.00%, due 5/1/2045
|
550,166
|
|
|
|
500,000
|
Series 2025-E, 5.00%, due 11/1/2036
|
545,187
|
|
|
|
345,000
|
New York City Transitional Finance Authority Revenue Refunding (Future Tax Secured),
Series 2025-F-1, 5.00%, due 11/1/2038
|
373,239
|
|
|
|
|
New York City Trust for Cultural Resource Revenue Refunding (Carnegie Hall)
|
|
|
|
|
160,000
|
Series 2019, 5.00%, due 12/1/2037
|
166,675
|
|
|
|
265,000
|
Series 2019, 5.00%, due 12/1/2038
|
275,358
|
|
|
|
255,000
|
Series 2019, 5.00%, due 12/1/2039
|
264,481
|
|
|
|
|
New York General Obligation
|
|
|
|
|
5,400,000
|
(LOC: U.S. Bank N.A.), Series 2008-L4, 3.00%, due 4/1/2038
|
5,400,000
(d)
|
|
|
|
1,600,000
|
(LOC: U.S. Bank N.A.), Series 2014-I-3, 3.00%, due 3/1/2044
|
1,600,000
(d)
|
|
|
|
90,000
|
Series 2018 E-1, 5.00%, due 3/1/2031
|
92,804
|
|
|
|
1,900,000
|
Series 2024-C1, 5.00%, due 9/1/2047
|
1,966,069
|
|
|
|
250,000
|
Subseries 2018-F-1, 5.00%, due 4/1/2034
|
257,272
|
|
|
|
2,975,000
|
New York General Obligation Refunding, Series 2011-D-3A, 5.00%, due 10/1/2038
|
3,208,582
|
|
|
|
50,000
|
New York Liberty Development Corp. Revenue Refunding Green Bonds (4 World Trade Center
Project), Series 2021-A, 2.50%, due 11/15/2036
|
41,545
|
|
|
|
3,385,000
|
New York State Dormitory Authority Revenue, Series 2026, 4.13%, due 8/15/2046
|
3,235,225
|
|
|
Principal Amount
|
Value
|
|||
|
New York – cont'd
|
|
|||
|
$
|
1,000,000
|
New York State Dormitory Authority Revenue (Financing Program), Series 2023-A, (AG),
(ST AID
WITHHLDG), 5.00%, due 10/1/2036
|
$1,072,888
|
|
|
|
|
New York State Dormitory Authority Revenue Refunding
|
|
|
|
|
1,115,000
|
Series 2024-A, 5.00%, due 3/15/2035
|
1,238,225
|
|
|
|
750,000
|
Series 2025-C, 5.00%, due 3/15/2034
|
835,932
|
|
|
|
715,000
|
Series 2025-C, 5.00%, due 3/15/2039
|
773,197
|
|
|
|
4,425,000
|
Series 2026-A, 5.00%, due 3/15/2050
|
4,558,521
|
|
|
|
500,000
|
New York State Thruway Authority Revenue (Climate Bond), Series 2025-B, 5.00%, due
3/15/2056
|
507,497
|
|
|
|
1,575,000
|
New York State Thruway Authority Revenue Refunding, Series 2026-A, 5.00%, due 1/1/2045
|
1,672,838
|
|
|
|
325,000
|
New York State Transportation Development Corp. Special Facility Revenue (Delta Airlines,
Inc.-LaGuardia Airport Terminal C & D Redevelopment), Series 2018, 5.00%, due 1/1/2028
|
332,627
|
|
|
|
200,000
|
New York State Transportation Development Corp. Special Facility Revenue Refunding
(American Airlines, Inc., John F. Kennedy International Airport Project), Series 2021,
3.00%, due
8/1/2031
|
192,175
|
|
|
|
1,000,000
|
New York State Transportation Development Corp. Special Facility Revenue Refunding
(JFK
International Airport Terminal 4 Project), Series 2020-C, 5.00%, due 12/1/2038
|
1,043,907
|
|
|
|
500,000
|
Oneida Indian Nation of New York Revenue, Series 2024-B, 6.00%, due 9/1/2043
|
534,232
(b)
|
|
|
|
320,000
|
Onondaga Civic Development Corp. (Le Moyne Collage Project), Series 2021, 5.00%, due
7/1/2034
|
332,085
|
|
|
|
|
Onondaga Civic Development Corp. Refunding (Le Moyne Collage Project)
|
|
|
|
|
300,000
|
Series 2022, 4.00%, due 7/1/2034
|
296,556
|
|
|
|
150,000
|
Series 2022, 4.00%, due 7/1/2036
|
145,335
|
|
|
|
350,000
|
Series 2022, 4.00%, due 7/1/2039
|
325,772
|
|
|
|
250,000
|
Series 2022, 4.00%, due 7/1/2042
|
221,567
|
|
|
|
|
Port Authority New York & New Jersey Consolidated Bonds Revenue Refunding
|
|
|
|
|
1,000,000
|
Series 2023-238, 5.00%, due 7/15/2036
|
1,066,130
|
|
|
|
1,050,000
|
Series 2026-251, 5.00%, due 8/15/2045
|
1,129,246
|
|
|
|
350,000
|
Schenectady County Capital Resource Corp. Revenue (One Broadway Center Project),
Series 2025-A, 5.25%, due 1/1/2050
|
361,874
|
|
|
|
700,000
|
Triborough Bridge & Tunnel Authority Revenue, (LOC: TD Bank N.A.), Series 2003-B-2,
2.95%,
due 1/1/2033
|
700,000
(d)
|
|
|
|
|
Westchester County Local Development Corp. Revenue Refunding (Kendal on Hudson Project)
|
|
|
|
|
500,000
|
Series 2022-B, 5.00%, due 1/1/2041
|
512,117
|
|
|
|
420,000
|
Series 2022-B, 5.00%, due 1/1/2051
|
421,250
|
|
|
|
|
Yonkers Economic Development Corp. Education Revenue (Charter School of Education
Excellence Project)
|
|
|
|
|
420,000
|
Series 2019-A, 5.00%, due 10/15/2039
|
407,049
|
|
|
|
450,000
|
Series 2019-A, 5.00%, due 10/15/2049
|
402,907
|
|
|
|
|
|
55,969,389
|
|
|
North Carolina 0.8%
|
|
|||
|
|
610,000
|
Charlotte-Mecklenburg Hospital Authority Revenue (Atrium Health), (LOC: JP Morgan
Chase
Bank N.A.), Series 2018-G, 3.00%, due 1/15/2048
|
610,000
(d)
|
|
|
|
815,000
|
Charlotte-Mecklenburg Hospital Authority Revenue (Carolinas Healthcare System), (LOC:
TD
Bank N.A.), Series 2007-E, (AG), 2.95%, due 1/15/2044
|
815,000
(d)
|
|
|
|
1,000,000
|
Mecklenburg County (General Obligation), Series 2025-A, 5.00%, due 2/1/2037
|
1,118,562
|
|
|
|
175,000
|
Scotland County Revenue, Series 2018, 5.00%, due 12/1/2026
|
176,102
|
|
|
|
|
|
2,719,664
|
|
|
Ohio 1.8%
|
|
|||
|
|
270,000
|
Akron Bath Copley Joint Township Hospital District (Summa Health Systems Obligation),
Series 2020, 4.00%, due 11/15/2036 Pre-Refunded 11/15/2030
|
276,987
|
|
|
Principal Amount
|
Value
|
|||
|
Ohio – cont'd
|
|
|||
|
|
|
Allen County Hospital Facilities Revenue Refunding (Bon Secours Mercy Health)
|
|
|
|
$
|
10,000
|
Series 2017-A, 5.00%, due 8/1/2027
|
$10,206
|
|
|
|
10,000
|
Series 2017-A, 5.00%, due 8/1/2029
|
10,279
|
|
|
|
45,000
|
Series 2020-A, 5.00%, due 12/1/2027
|
46,221
|
|
|
|
685,000
|
Cleveland-Cuyahoga County Port Authority Tax Increment Finance Revenue Refunding
(Senior-Flats East Bank Project), Series 2021-A, 4.00%, due 12/1/2055
|
523,344
(b)
|
|
|
|
2,400,000
|
Franklin County Revenue Refunding (Nationwide Children's Hospital), (LOC: JP Morgan
Chase
Bank N.A.), Series 2022-B, 3.05%, due 11/1/2042
|
2,400,000
(d)
|
|
|
|
190,000
|
JobsOhio Beverage System Statewide Senior Lien Revenue Refunding, Series 2025-A, 5.00%,
due 1/1/2048
|
196,886
|
|
|
|
750,000
|
Ohio State Air Quality Development Authority Exempt Facilities Revenue (AMG Vanadium
LLC),
Series 2019, 5.00%, due 7/1/2049
|
679,760
(b)
|
|
|
|
650,000
|
Ohio State Air Quality Development Authority Revenue (American Electric Power Co.
Project),
Series 2014-A, 2.40%, due 12/1/2038 Putable 10/1/2029
|
621,418
|
|
|
|
|
Ohio State Revenue Refunding (Cleveland Clinic Health System Obligated Group)
|
|
|
|
|
15,000
|
Series 2017-A, 5.00%, due 1/1/2027
|
15,128
|
|
|
|
20,000
|
Series 2017-A, 5.00%, due 1/1/2032
|
20,500
|
|
|
|
20,000
|
Series 2021-B, 5.00%, due 1/1/2034
|
21,545
|
|
|
|
1,000,000
|
Port of Greater Cincinnati Development Authority Revenue Refunding (Convention Center
Hotel
Project), Series 2026, 5.75%, due 3/1/2059
|
967,676
(b)
|
|
|
|
|
|
5,789,950
|
|
|
Oklahoma 1.7%
|
|
|||
|
|
1,620,000
|
Canadian County Educational Facilities Authority Revenue (Piedmont Public Schools
Project),
Series 2024, 4.00%, due 8/15/2032
|
1,651,421
|
|
|
|
770,000
|
Johnston County Educational Facility Authority Lease Revenue (Tishomingo Public School
Project), Series 2022, 4.00%, due 9/1/2030
|
782,144
|
|
|
|
650,000
|
Lincoln County Education Facility Authority Education Facilities Lease Revenue (Stroud
Public
School Project), Series 2016, 5.00%, due 9/1/2027
|
650,852
|
|
|
|
395,000
|
Oklahoma County Finance Authority Revenue (Choctaw-Nicoma Park Public Schools Project),
Series 2023, 5.00%, due 9/1/2032
|
425,767
|
|
|
|
500,000
|
Oklahoma County Finance Authority Revenue (Midwest City-Del Public Schools Project),
Series 2024, (BAM), 5.00%, due 10/1/2044
|
521,613
|
|
|
|
1,565,000
|
Weatherford Industrial Trust Education Facility Lease Revenue (Weatherford Public
School
Project), Series 2019, 5.00%, due 3/1/2033
|
1,618,738
|
|
|
|
|
|
5,650,535
|
|
|
Oregon 0.6%
|
|
|||
|
|
1,610,000
|
Oregon State Facilities Authority Revenue Refunding (Peacehealth), (LOC: TD Bank N.A.),
Series 2018-B, 2.95%, due 8/1/2034
|
1,610,000
(d)
|
|
|
|
500,000
|
Portland General Obligation (Transportation Project), Series 2022-A, 2.25%, due 10/1/2041
|
368,063
|
|
|
|
|
|
1,978,063
|
|
|
Pennsylvania 3.4%
|
|
|||
|
|
85,000
|
Bethlehem Area School District Refunding General Obligation, Series 2020-A, (AG),
(ST AID
WITHHLDG), 5.00%, due 1/15/2030
|
90,980
|
|
|
|
810,000
|
Geisinger Authority Revenue Refunding (Geisinger Health Systems Obligated Group),
Series 2020-A, 5.00%, due 4/1/2050
|
813,625
|
|
|
|
|
Lackawanna County Industrial Development Authority Revenue Refunding (University of
Scranton)
|
|
|
|
|
940,000
|
Series 2017, 5.00%, due 11/1/2028
|
959,627
|
|
|
|
565,000
|
Series 2017, 5.00%, due 11/1/2029
|
575,972
|
|
|
|
500,000
|
Series 2017, 5.00%, due 11/1/2030
|
509,331
|
|
|
Principal Amount
|
Value
|
|||
|
Pennsylvania – cont'd
|
|
|||
|
|
|
Luzerne County General Obligation Refunding
|
|
|
|
$
|
150,000
|
Series 2017-A, (AG), 5.00%, due 12/15/2027
|
$154,306
|
|
|
|
70,000
|
Series 2017-B, (AG), 5.00%, due 12/15/2026
|
70,544
|
|
|
|
750,000
|
Pennsylvania Economic Development Financing Authority Revenue (Bridges Finco LP),
Series 2015, 5.00%, due 12/31/2038
|
750,010
|
|
|
|
500,000
|
Pennsylvania Economic Development Financing Authority Revenue Refunding (Energy
Supply LLC), Series 2009-C, 5.25%, due 12/1/2037 Putable 6/1/2027
|
500,370
|
|
|
|
400,000
|
Pennsylvania Economic Development Financing Authority Revenue Refunding (Tapestry
Moon
Senior Housing Project), Series 2018-A, 6.75%, due 12/1/2053
|
48,000
(b)(c)
|
|
|
|
20,000
|
Pennsylvania Housing Finance Agency Revenue (Green Bond), Series 2025-148A, 3.45%,
due
10/1/2031
|
20,051
|
|
|
|
580,000
|
Pennsylvania State Turnpike Commission Turnpike Revenue, Subseries 2019-A, 5.00%,
due
12/1/2033
|
613,979
|
|
|
|
1,250,000
|
Philadelphia Authority for Industrial Development Revenue (Rebuilt Project), Series
2025-A,
5.00%, due 12/1/2042
|
1,338,507
|
|
|
|
500,000
|
Philadelphia Energy Authority Revenue (Philadelphia Street Lighting Project), Series
2023-A,
5.00%, due 11/1/2034
|
547,677
|
|
|
|
1,000,000
|
Philadelphia Gas Works Co. Revenue, Series 2024-A, (AG), 5.25%, due 8/1/2054
|
1,036,875
|
|
|
|
330,000
|
Philadelphia General Obligation, Series 2025-A, 5.00%, due 8/1/2040
|
354,807
|
|
|
|
545,000
|
Philadelphia School District General Obligation, Series 2018-A, (ST AID WITHHLDG),
5.00%,
due 9/1/2028
|
567,516
|
|
|
|
660,000
|
Pittsburgh Water & Sewer Authority Revenue, Series 2026-A, 5.00%, due 9/1/2056
|
670,649
|
|
|
|
1,500,000
|
Redevelopment Authority of the City of Philadelphia Revenue Refunding, Series 2025-A,
5.00%,
due 4/15/2030
|
1,597,876
|
|
|
|
|
|
11,220,702
|
|
|
Puerto Rico 0.4%
|
|
|||
|
|
|
Puerto Rico Commonwealth General Obligation (Restructured)
|
|
|
|
|
74,376
|
Series 2021-A, 0.00%, due 7/1/2033
|
53,997
|
|
|
|
31,807
|
Series 2021-A1, 5.63%, due 7/1/2027
|
32,439
|
|
|
|
62,750
|
Series 2021-A1, 5.63%, due 7/1/2029
|
66,254
|
|
|
|
60,948
|
Series 2021-A1, 5.75%, due 7/1/2031
|
65,768
|
|
|
|
57,794
|
Series 2021-A1, 4.00%, due 7/1/2033
|
57,793
|
|
|
|
51,950
|
Series 2021-A1, 4.00%, due 7/1/2035
|
51,483
|
|
|
|
44,586
|
Series 2021-A1, 4.00%, due 7/1/2037
|
43,569
|
|
|
|
60,620
|
Series 2021-A1, 4.00%, due 7/1/2041
|
56,791
|
|
|
|
813,045
|
Series 2021-A1, 4.00%, due 7/1/2046
|
734,886
|
|
|
|
|
|
1,162,980
|
|
|
Rhode Island 0.3%
|
|
|||
|
|
595,000
|
Providence Public Building Authority Revenue (Capital Improvement Program), Series
2024-A,
(AG), 5.00%, due 9/15/2039
|
622,699
|
|
|
|
230,000
|
Rhode Island Health and Educational Building Corp. Revenue (Lifespan Obligation Group),
Series 2024, 5.25%, due 5/15/2049
|
236,771
|
|
|
|
|
|
859,470
|
|
|
South Carolina 1.2%
|
|
|||
|
|
500,000
|
Lancaster County Assessment Revenue Refunding (Walnut Creek Improvement District),
Series 2016-A-1, 5.00%, due 12/1/2031
|
500,305
|
|
|
|
5,000
|
Lexington County Health Services District, Inc. Revenue Refunding (Lexmed Obligated
Group),
Series 2017, 5.00%, due 11/1/2029
|
5,113
|
|
|
|
655,000
|
Newberry Investing in Children's Education Revenue Refunding, Series 2025, 5.00%,
due
12/1/2029
|
697,161
|
|
|
|
300,000
|
Rock Hill Combined Utility System Revenue Refunding, Series 2026, 5.00%, due 1/1/2047
|
312,033
|
|
|
Principal Amount
|
Value
|
|||
|
South Carolina – cont'd
|
|
|||
|
$
|
450,000
|
South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue
(AMT-Green Bond-Last Step Recycling LLC Project), Series 2021-A, 6.50%, due 6/1/2051
|
$49,500
(b)(c)
|
|
|
|
675,000
|
South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (Green
Bond-Jasper Pellets LLC Project), Series 2018-A, 7.00%, due 11/1/2038
|
13,500
#(c)
|
|
|
|
1,860,000
|
South Carolina State Housing Finance & Development Authority Mortgage Revenue,
Series 2021-A, 1.85%, due 7/1/2036
|
1,468,602
|
|
|
|
1,000,000
|
South Carolina State Housing Finance & Development Authority Revenue (573 Meeting
Street
Project), Series 2024, (HUD), 3.00%, due 4/1/2043 Putable 4/1/2027
|
999,832
|
|
|
|
|
|
4,046,046
|
|
|
Tennessee 1.2%
|
|
|||
|
|
500,000
|
Metropolitan Government Nashville & Davidson County Health & Educational Facilities
Board
Revenue (Blakeford At Green Hills), Series 2020-A, 4.00%, due 11/1/2045
|
440,838
|
|
|
|
1,000,000
|
Shelby County Health & Educational Facilities Board Revenue (Madrone Memphis Student
Housing I LLC), Series 2024-A1, 5.25%, due 6/1/2056
|
956,112
(b)
|
|
|
|
1,070,000
|
Tennessee Energy Acquisition Corp. Revenue Refunding (Gas Project), Series 2023-A-1,
5.00%,
due 5/1/2053 Putable 5/1/2028
|
1,094,957
|
|
|
|
235,000
|
Tennessee Housing Development Agency Residential Finance Program Revenue, Series 2019,
3.25%, due 7/1/2032
|
226,316
|
|
|
|
1,230,000
|
Tennessee Housing Development Agency Residential Finance Program Revenue Refunding,
Series 2019-2, 3.00%, due 7/1/2039
|
1,044,819
|
|
|
|
265,000
|
Williamson County General Obligation, Series 2024, 5.00%, due 4/1/2033
|
295,505
|
|
|
|
|
|
4,058,547
|
|
|
Texas 11.0%
|
|
|||
|
|
1,060,000
|
Anna Independent School District General Obligation, Series 2023, (PSF-GTD), 4.13%,
due
2/15/2053
|
952,807
|
|
|
|
750,000
|
Anson Educational Facilities Corp. Educational Revenue (Arlington Classics Academy),
Series 2016-A, 5.00%, due 8/15/2045
|
724,253
|
|
|
|
1,875,000
|
Austin Airport System Revenue, Series 2026-B, 5.25%, due 11/15/2056
|
1,915,247
|
|
|
|
400,000
|
Austin Water & Wastewater System Revenue Refunding, Series 2026, 5.25%, due 11/15/2055
|
418,080
|
|
|
|
590,000
|
Central Texas Regional Mobility Authority Senior Lien Revenue Refunding, Series 2020-A,
5.00%,
due 1/1/2027
|
595,397
|
|
|
|
1,000,000
|
Dallas Independent School District General Obligation, Series 2025-C, (PSF-GTD), 5.00%,
due
2/15/2034
|
1,112,410
|
|
|
|
500,000
|
El Paso TX Water & Sewer Revenue Refunding, Series 2025, 5.00%, due 3/1/2032
|
542,559
|
|
|
|
80,000
|
EP Essential Housing WF PFC Revenue (Home Essential Function Housing Program),
Series 2024, 4.25%, due 12/1/2034
|
77,047
|
|
|
|
1,000,000
|
EP Tuscany Zaragosa PFC Revenue (Home Essential Function Housing Program), Series
2023,
4.00%, due 12/1/2033
|
985,850
|
|
|
|
95,000
|
Fort Bend County Industrial Development Corp. Revenue (NRG Energy, Inc.), Series 2012-A,
4.75%, due 5/1/2038
|
95,002
|
|
|
|
2,720,000
|
Frenship Independent School District General Obligation, Series 2026, (PSF-GTD), 5.00%,
due
2/15/2055
|
2,771,457
|
|
|
|
975,000
|
Harris County Improvement District No. 18 General Obligation, Series 2024-A, (BAM),
4.00%,
due 9/1/2035
|
980,375
|
|
|
|
|
Harris County Municipal Utility District No. 489 General Obligation
|
|
|
|
|
900,000
|
Series 2023, (AG), 4.00%, due 9/1/2036
|
901,601
|
|
|
|
495,000
|
Series 2023, (AG), 4.00%, due 9/1/2036
|
495,880
|
|
|
|
250,000
|
Hidalgo County Regional Mobility Authority Revenue Refunding, Series 2022-B, 4.00%,
due
12/1/2041
|
219,124
|
|
|
|
625,000
|
Hidalgo County Regional Mobility Authority Revenue Toll & Vehicle Registration Junior
Lien
Refunding, Series 2022-B, 4.00%, due 12/1/2038
|
575,087
|
|
|
Principal Amount
|
Value
|
|||
|
Texas – cont'd
|
|
|||
|
|
|
Hidalgo County Regional Mobility Authority Toll & Vehicle Registration Junior Lien
Revenue
Refunding
|
|
|
|
$
|
755,000
|
Series 2022-B, 4.00%, due 12/1/2039
|
$684,518
|
|
|
|
1,000,000
|
Series 2022-B, 4.00%, due 12/1/2040
|
895,595
|
|
|
|
3,000,000
|
Houston Hotel Occupancy Tax & Special Revenue Refunding, Series 2026-C (AG), 5.50%,
due
9/1/2058
|
3,179,015
|
|
|
|
180,000
|
Irving Independent School District General Obligation, Series 2023, (PSF-GTD), 5.00%,
due
2/15/2043
|
189,651
|
|
|
|
250,000
|
La Joya Independent School District Refunding General Obligation, Series 2013, (PSF-GTD),
5.00%, due 2/15/2033
|
256,032
|
|
|
|
835,000
|
McGregor Independent School District General Obligation, Series 2024, (PSF-GTD), 5.00%,
due
2/15/2040
|
891,204
|
|
|
|
345,000
|
Montgomery County Municipal Utility District No. 99 General Obligation, Series 2025,
(AG),
6.50%, due 9/1/2027
|
358,044
|
|
|
|
500,000
|
New Hope Cultural Education Facilities Finance Corp. Revenue (Beta Academy), Series
2019-A,
5.00%, due 8/15/2049
|
452,365
(b)
|
|
|
|
1,500,000
|
New Hope Cultural Education Facilities Finance Corp. Revenue Refunding (Brazos Presbyterian
Homes, Inc. Project), Series 2025, 5.38%, due 1/1/2060
|
1,502,191
|
|
|
|
500,000
|
New Hope Cultural Education Facilities Finance Corp. Senior Living Revenue (Cardinal
Bay, Inc.
Village On The Park Carriage), Series 2016-C, 5.50%, due 7/1/2046
|
326,250
(c)
|
|
|
|
500,000
|
New Hope Cultural Education Facilities Finance Corp. Student Housing Revenue
(NCCD-College Station Properties LLC), Series 2015-A, 5.00%, due 7/1/2047
|
469,004
|
|
|
|
300,000
|
Port of Beaumont Navigation District Revenue (Jefferson Gulf Coast Energy Project),
Series 2024-A, 5.25%, due 1/1/2054
|
272,714
(b)
|
|
|
|
1,000,000
|
San Antonio Airport System Revenue Refunding, Series 2026, (BAM), 5.00%, due 7/1/2060
|
993,856
(h)
|
|
|
|
575,000
|
Tarrant County Cultural Education Facilities Finance Corp. Revenue Refunding (Baylor
Health
Care System Project), (LOC: TD Bank N.A.), Series 2011-C, 2.75%, due 11/15/2050
|
575,000
(d)
|
|
|
|
800,000
|
Tarrant County Cultural Education Facilities Finance Corp. Revenue Refunding (Methodist
Hospitals of Dallas), (LOC: TD Bank N.A.), Series 2008-A, 2.90%, due 10/1/2041
|
800,000
(d)
|
|
|
|
1,810,000
|
Texas Municipal Gas Acquisition & Supply Corp. VI Revenue, Series 2026-A, 5.25%, due
3/1/2037
|
1,902,944
(a)
|
|
|
|
|
Texas Water Development Board Revenue (State Water Implementation Revenue Fund for
Texas)
|
|
|
|
|
795,000
|
Series 2020, 4.00%, due 10/15/2031
|
819,148
|
|
|
|
2,680,000
|
Series 2022, 5.00%, due 10/15/2047
|
2,768,130
|
|
|
|
1,050,000
|
Series 2023-A, 5.00%, due 10/15/2058
|
1,068,552
|
|
|
|
1,015,000
|
Weslaco General Obligation Refunding, Series 2017, (AG), 5.00%, due 8/15/2027
|
1,034,900
|
|
|
|
1,000,000
|
Ysleta Independent School District General Obligation (School Building), Series 2017-B,
(PSF-GTD), 5.00%, due 8/15/2041
|
1,000,558
|
|
|
|
2,000,000
|
Ysleta Independent School District Revenue, Series 2026-B, 5.00%, due 3/1/2027
|
2,011,816
|
|
|
|
|
|
35,813,663
|
|
|
Utah 1.1%
|
|
|||
|
|
|
Midvale Redevelopment Agency Tax Increment & Sales Tax Revenue
|
|
|
|
|
660,000
|
Series 2018, 5.00%, due 5/1/2032
|
683,015
|
|
|
|
380,000
|
Series 2018, 5.00%, due 5/1/2034
|
392,333
|
|
|
|
|
Utah Infrastructure Agency Telecommunication Revenue
|
|
|
|
|
800,000
|
Series 2019, 4.00%, due 10/15/2036
|
759,811
|
|
|
|
1,000,000
|
Series 2021, 3.00%, due 10/15/2045
|
747,085
|
|
|
|
410,000
|
Series 2024, 5.25%, due 10/15/2039
|
425,524
|
|
|
|
465,000
|
Weber County Special Assessment (Summit Mountain Assessment Area), Series 2013, 5.50%,
due 1/15/2028
|
465,873
|
|
|
|
|
|
3,473,641
|
|
|
Principal Amount
|
Value
|
|||
|
Vermont 0.2%
|
|
|||
|
$
|
500,000
|
Vermont Economic Development Authority Solid Waste Disposal Revenue (Casella Waste
System, Inc.), Series 2013, 4.63%, due 4/1/2036 Putable 4/3/2028
|
$504,804
(b)
|
|
|
Virginia 0.4%
|
|
|||
|
|
940,000
|
Virginia Public School Authority Revenue, Series 2024, 5.00%, due 10/1/2035
|
1,041,168
|
|
|
|
265,000
|
Virginia Small Business Financing Authority Revenue (Bon Secours Mercy Health, Inc.),
Series 2022-A, 5.00%, due 10/1/2041
|
276,446
|
|
|
|
|
|
1,317,614
|
|
|
Washington 3.3%
|
|
|||
|
|
1,000,000
|
Discovery Clean Water Alliance Sewer Revenue, Series 2022, 5.00%, due 12/1/2037
|
1,068,717
|
|
|
|
85,000
|
North Thurston Public Schools General Obligation, Series 2016, (SCH BD GTY), 4.00%,
due
12/1/2028
|
85,053
|
|
|
|
2,000,000
|
Washington General Obligation (Bidding Group 1), Series 2025-A, 5.00%, due 8/1/2039
|
2,182,484
|
|
|
|
|
Washington State General Obligation (Bidding Group 2)
|
|
|
|
|
1,050,000
|
Series 2022-C, 5.00%, due 2/1/2037
|
1,126,673
|
|
|
|
1,050,000
|
Series 2024-C, 5.00%, due 2/1/2046
|
1,099,032
|
|
|
|
453,922
|
Washington State Housing Finance Commission (Sustainable Certificate), Series 2021-A-1,
3.50%, due 12/20/2035
|
429,135
|
|
|
|
3,000,000
|
Washington State Housing Finance Commission Revenue (Addison Grove Apartments Project),
Series 2026, (FNMA), 3.90%, due 6/1/2037 Putable 6/1/2036
|
2,999,775
|
|
|
|
1,000,000
|
Washington State Housing Finance Commission Revenue Refunding (Horizon House Project),
Series 2025-A, 6.25%, due 1/1/2056
|
1,023,708
|
|
|
|
800,000
|
Whitman County School District No. 267 Pullman General Obligation, Series 2016, (SCH
BD
GTY), 4.00%, due 12/1/2029
|
800,668
|
|
|
|
|
|
10,815,245
|
|
|
West Virginia 1.7%
|
|
|||
|
|
500,000
|
West Virginia Hospital Finance Authority Revenue (Improvement West Virginia University
Health
System Obligated Group), Series 2018-A, 5.00%, due 6/1/2052
|
500,024
|
|
|
|
1,210,000
|
West Virginia Hospital Finance Authority Revenue (University Health System Obligated
Group),
Series 2023-A, 5.00%, due 6/1/2043
|
1,247,292
|
|
|
|
2,000,000
|
West Virginia Hospital Finance Authority Revenue (Vandalia Health Group), Series 2023-B,
6.00%, due 9/1/2053
|
2,106,888
|
|
|
|
700,000
|
West Virginia Hospital Finance Authority Revenue (West Virginia University Health
Systems),
Series 2017-A, 5.00%, due 6/1/2035
|
707,463
|
|
|
|
30,000
|
West Virginia Hospital Finance Authority Revenue Refunding (West Virgina United Health
System
Obligated Group), Series 2016-A, 4.00%, due 6/1/2029
|
30,009
|
|
|
|
990,000
|
West Virginia Water Development Authority Revenue Refunding (Loan Program),
Series 2018-A-IV, 5.00%, due 11/1/2036
|
1,005,264
|
|
|
|
|
|
5,596,940
|
|
|
Wisconsin 2.2%
|
|
|||
|
|
275,000
|
Public Finance Authority Education Revenue (Resh Triangle High School Project), Series
2015-A,
5.38%, due 7/1/2035
|
275,032
(b)
|
|
|
|
1,000,000
|
Public Finance Authority Hospital Revenue Refunding (Carson Valley Medical Center),
Series 2021-A, 4.00%, due 12/1/2051
|
790,926
(b)
|
|
|
|
2,000,000
|
Public Finance Authority Revenue (Georgia Sr. 400 Express Lanes Project), Series 2025,
5.75%,
due 12/31/2065
|
2,063,617
|
|
|
|
359,235
|
Public Finance Authority Revenue (Goodwill Industries of Southern Nevada Project),
Series 2015-A, 5.50%, due 12/1/2038
|
350,188
|
|
|
|
720,000
|
Public Finance Authority Revenue (Signorelli Project), Series 2024, 5.38%, due 12/15/2032
|
715,445
(b)
|
|
|
|
1,000,000
|
Public Finance Authority Revenue Refunding (Million Air Two LLC General Aviation Facilities
Project), Series 2026-A, 5.38%, due 6/1/2046
|
991,060
(a)(b)
|
|
|
Principal Amount
|
Value
|
|||
|
Wisconsin – cont'd
|
|
|||
|
$
|
500,000
|
Public Finance Authority Senior Revenue (Wonderful Foundations Charter School Portfolio
Project), Series 2020-A-1, 5.00%, due 1/1/2055
|
$421,715
(b)
|
|
|
|
|
Public Finance Authority Special Facility Revenue (Sky Harbour Capital LLC Aviation
Facility
Project)
|
|
|
|
|
500,000
|
Series 2021, 4.00%, due 7/1/2041
|
457,003
|
|
|
|
500,000
|
Series 2021, 4.25%, due 7/1/2054
|
417,532
|
|
|
|
200,000
|
Saint Croix Chippewa Indians of Wisconsin Revenue Refunding, Series 2021, 5.00%, due
9/30/2041
|
179,529
(b)
|
|
|
|
500,000
|
Wisconsin Health & Educational Facilities Authority Revenue (Chiara Housing & Services,
Inc.
Project), Series 2024, 6.00%, due 7/1/2060
|
502,017
|
|
|
|
|
|
7,164,064
|
|
|
Total Municipal Notes (Cost $339,756,009)
|
331,322,241
|
|||
|
Number of Shares
|
|
|||
|
Common Stocks 0.0%‡
|
||||
|
Materials 0.0%‡
|
||||
|
|
56,109
|
TimberHP, Inc. (Cost $0)
|
0
*#(e)(f)
|
|
|
Total Investments 101.5% (Cost $339,756,009)
|
331,322,241
|
|||
|
Liabilities Less Other Assets (1.5)%
|
(4,825,848
)
|
|||
|
Net Assets 100.0%
|
$326,496,393
|
|||
|
‡
|
Represents less than 0.05% of net assets of the Fund.
|
|
*
|
Non-income producing security.
|
|
(a)
|
When-issued security. Total value of all such securities at July 31, 2026 amounted
to $5,697,025, which
represents 1.7% of net assets of the Fund.
|
|
(b)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted
from
registration, may only be sold to qualified institutional investors or may have other
restrictions on resale.
At July 31, 2026, these securities amounted to $25,871,734, which represents 7.9%
of net assets of the
Fund.
|
|
(c)
|
Defaulted security.
|
|
(d)
|
Variable rate demand obligation where the stated interest rate is not based on a published
reference
rate and spread. Rather, the interest rate generally resets daily or weekly and is
determined by the
remarketing agent. The rate shown represents the rate in effect at July 31, 2026.
|
|
(e)
|
Value determined using significant unobservable inputs.
|
|
(f)
|
Security fair valued as of July 31, 2026 in accordance with procedures approved by
the valuation
designee. Total value of all such securities at July 31, 2026 amounted to $567,729,
which represents
0.2% of net assets of the Fund.
|
|
(g)
|
Step Bond. Coupon 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
was the current
rate as of July 31, 2026.
|
|
(h)
|
All or a portion of this security was purchased on a delayed delivery basis.
|
|
Restricted Security
|
Acquisition
Date(s)
|
Acquisition
Cost
|
Value as of
7/31/2026
|
Fair Value
Percentage
of Net Assets
as of
7/31/2026
|
|
Maine State Finance Authority Revenue (TimberHP
Madison LLC)
|
6/20/2025-6/22/2026
|
$421,417
|
$567,729
|
0.2%
|
|
South Carolina Jobs Economic Development Authority
Solid Waste Disposal Revenue (Green Bond-Jasper
Pellets LLC Project)
|
12/4/2018-6/25/2020
|
655,323
|
13,500
|
0.0%
|
|
TimberHP, Inc.
|
6/23/2025
|
—
|
—
|
0.0%
|
|
Total
|
|
$1,076,740
|
$581,229
|
0.2%
|
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3(a)
|
Total
|
|
Investments:
|
|
|
|
|
|
Municipal Notes
|
|
|
|
|
|
Maine
|
$—
|
$—
|
$567,729
|
$567,729
|
|
Other Municipal Notes#
|
—
|
330,754,512
|
—
|
330,754,512
|
|
Total Municipal Notes
|
—
|
330,754,512
|
567,729
|
331,322,241
|
|
Common Stocks#
|
—
|
—
|
—
|
—
|
|
Total Investments
|
$—
|
$330,754,512
|
$567,729
|
$331,322,241
|
|
#
|
The Schedule of Investments provides information on the state/territory or industry
categorization.
|
|
(a)
|
The following is a reconciliation between the beginning and ending balances of investments
in which
significant unobservable inputs (Level 3) were used in determining value:
|
|
(000's
omitted)
|
Beginning
balance as
of
11/1/2025
|
Accrued
discounts/
(premiums)
|
Realized
gain/(loss)
|
Change
in unrealized
appreciation/
(depreciation)
|
Purchases
|
Sales/
Other
Reductions
|
Transfers
into
Level 3
|
Transfers
out of
Level 3
|
Balance
as of
7/31/2026
|
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2026
|
|
Investments in
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Notes(1)
|
$—
|
$3
|
$—
|
$146
|
$419
|
$—
|
$—
|
$—
|
$568
|
$146
|
|
Common Stocks(2)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Total
|
$—
|
$3
|
$—
|
$146
|
$419
|
$—
|
$—
|
$—
|
$568
|
$146
|
|
(1)
Quantitative Information about Level 3 Fair Value Measurements:
|
||||||
|
Investment type
|
Fair value
at
7/31/2026
|
Valuation
approach
|
Significant unobservable
input(s)
|
Input value/
range
|
Weighted
average(a)
|
Impact to
valuation
from
increase
in input(b)
|
|
Municipal Notes
|
$567,729
|
Market Approach
|
Discount rate
|
8.3%
|
8.3%
|
Decrease
|
|
|
|
Income Approach
|
Liquidity Discount
|
25.0%
|
25.0%
|
Decrease
|
|
(a)
The weighted averages disclosed in the table above were weighted by relative fair
value.
|
||||||
|
(b)
Represents the expected directional change in the fair value of the Level 3 investments
that
would result from an increase or decrease in the corresponding input. Significant
changes
in these inputs could result in significantly higher or lower fair value measurements.
|
|
(2)
At July 31, 2026, these investments were valued in accordance with procedures approved
by the
valuation designee. These investments did not have a material impact on the Fund's
net assets
and, therefore, disclosure of significant unobservable inputs used in formulating
valuations is not
presented.
|
|
Principal Amount(a)
|
Value
|
||
|
U.S. Treasury Obligations 3.1%
|
|||
|
$
|
830,000
|
U.S. Treasury Bills, 3.70%, due 9/24/2026
|
$825,567
(b)
|
|
|
|
U.S. Treasury Bonds
|
|
|
|
4,245,000
|
3.88%, due 8/15/2040 - 2/15/2043
|
3,677,433
|
|
|
2,540,000
|
2.00%, due 11/15/2041 - 2/15/2050
|
1,575,905
|
|
|
820,000
|
4.00%, due 11/15/2042
|
711,991
|
|
|
2,250,000
|
3.63%, due 8/15/2043 - 2/15/2053
|
1,778,685
|
|
|
1,120,000
|
4.50%, due 2/15/2044
|
1,024,713
|
|
|
1,150,000
|
4.13%, due 8/15/2044
|
998,568
|
|
|
2,760,000
|
4.63%, due 11/15/2044 - 11/15/2055
|
2,537,964
|
|
|
1,610,000
|
3.00%, due 2/15/2047 - 2/15/2048
|
1,137,673
|
|
|
985,000
|
2.38%, due 5/15/2051
|
584,536
|
|
|
1,175,000
|
2.88%, due 5/15/2052
|
771,920
|
|
|
5,505,000
|
4.25%, due 2/15/2054
|
4,674,089
|
|
|
65,000
|
4.75%, due 8/15/2055
|
60,021
|
|
|
730,000
|
5.00%, due 5/15/2056
|
702,169
|
|
|
|
U.S. Treasury Inflation-Indexed Bonds
|
|
|
|
3,221,307
|
3.63%, due 4/15/2028
|
3,282,392
(c)
|
|
|
2,044,360
|
2.50%, due 1/15/2029
|
2,057,378
(c)
|
|
|
2,109,464
|
3.88%, due 4/15/2029
|
2,198,225
(c)
|
|
|
9,136,129
|
3.38%, due 4/15/2032
|
9,717,734
(c)
|
|
|
4,265,094
|
2.13%, due 2/15/2040 - 2/15/2054
|
3,700,358
(c)
|
|
|
3,564,957
|
0.75%, due 2/15/2042 - 2/15/2045
|
2,505,660
(c)
|
|
|
1,297,024
|
0.63%, due 2/15/2043
|
905,612
(c)
|
|
|
1,768,297
|
1.38%, due 2/15/2044
|
1,382,268
(c)
|
|
|
2,706,173
|
1.00%, due 2/15/2046 - 2/15/2049
|
1,844,013
(c)
|
|
|
1,228,389
|
0.88%, due 2/15/2047
|
820,929
(c)
|
|
|
1,257,617
|
0.25%, due 2/15/2050
|
666,431
(c)
|
|
|
4,779,944
|
0.13%, due 2/15/2051 - 2/15/2052
|
2,331,794
(c)
|
|
|
1,346,968
|
1.50%, due 2/15/2053
|
966,122
(c)
|
|
|
1,677,920
|
2.38%, due 2/15/2055 - 2/15/2056
|
1,464,222
(c)
|
|
|
|
U.S. Treasury Inflation-Indexed Notes
|
|
|
|
9,941,852
|
1.25%, due 4/15/2028 - 4/15/2031
|
9,702,686
(c)
|
|
|
5,294,491
|
0.88%, due 1/15/2029
|
5,126,774
(c)
|
|
|
22,814,821
|
2.13%, due 4/15/2029 - 1/15/2035
|
22,541,177
(c)
|
|
|
16,578,764
|
0.13%, due 1/15/2030 - 1/15/2032
|
15,106,069
(c)
|
|
|
1,606,176
|
1.63%, due 4/15/2030
|
1,574,823
(c)
|
|
|
7,587,285
|
1.13%, due 10/15/2030 - 1/15/2033
|
7,140,288
(c)
|
|
|
1,401,077
|
1.38%, due 7/15/2033
|
1,326,737
(c)
|
|
|
4,469,000
|
1.75%, due 1/15/2034
|
4,306,651
(c)
|
|
|
58,089,619
|
1.88%, due 7/15/2035 - 1/15/2036
|
55,344,209
(c)
|
|
|
|
U.S. Treasury Notes
|
|
|
|
3,575,000
|
0.50%, due 5/31/2027
|
3,471,074
|
|
|
6,285,000
|
2.75%, due 7/31/2027 - 5/31/2029
|
6,113,179
|
|
|
4,755,000
|
0.38%, due 7/31/2027
|
4,580,737
|
|
|
13,385,000
|
3.50%, due 1/31/2028 - 2/28/2031
|
13,187,507
|
|
|
4,915,000
|
2.88%, due 8/15/2028
|
4,781,565
|
|
|
16,610,000
|
4.25%, due 2/28/2029 - 8/15/2035
|
16,373,361
|
|
|
6,785,000
|
4.00%, due 7/31/2029 - 11/15/2035
|
6,650,265
|
|
|
1,785,000
|
3.63%, due 8/31/2029 - 12/31/2030
|
1,743,149
|
|
|
2,120,000
|
3.88%, due 4/30/2030 - 12/31/2032
|
2,070,974
|
|
|
5,885,000
|
4.63%, due 9/30/2030 - 2/15/2035
|
5,909,953
|
|
Principal Amount(a)
|
Value
|
|||
|
U.S. Treasury Obligations – cont'd
|
||||
|
$
|
3,095,000
|
4.13%, due 7/31/2031 - 2/15/2036
|
$3,025,558
|
|
|
|
4,090,000
|
1.25%, due 8/15/2031
|
3,505,897
|
|
|
|
2,450,000
|
3.75%, due 8/31/2031
|
2,373,342
|
|
|
|
2,190,000
|
4.50%, due 11/15/2033
|
2,178,622
|
|
|
|
2,515,000
|
4.38%, due 5/15/2036
|
2,448,981
|
|
|
Total U.S. Treasury Obligations (Cost $261,343,912)
|
255,487,950
|
|||
|
U.S. Government Agency Securities 0.0%‡
|
|
|||
|
|
2,030,000
|
Federal National Mortgage Association, 5.63%, due 7/15/2037
|
2,163,025
|
|
|
|
340,000
|
Tennessee Valley Authority, 5.25%, due 2/1/2055
|
319,357
|
|
|
Total U.S. Government Agency Securities (Cost $2,870,188)
|
2,482,382
|
|||
|
|
||||
|
Mortgage-Backed Securities 43.2%
|
||||
|
Collateralized Mortgage Obligations 12.0%
|
|
|||
|
|
|
A&D Mortgage Trust
|
|
|
|
|
1,050,000
|
Series 2024-NQM6, Class M1, 6.57%, due 1/25/2070
|
1,051,996
(d)(e)
|
|
|
|
350,520
|
Series 2025-NQM2, Class A1, 5.79%, due 6/25/2070
|
351,664
(d)(e)
|
|
|
|
758,226
|
Series 2025-NQM5, Class A1, 5.12%, due 12/25/2070
|
751,409
(d)
|
|
|
|
8,211,536
|
Series 2026-NQM2, Class A1, 4.81%, due 3/25/2071
|
8,092,022
(d)(e)
|
|
|
|
2,235,000
|
Series 2026-NQM3, Class M1, 6.02%, due 4/25/2071
|
2,221,628
(d)(e)
|
|
|
|
4,177,967
|
Series 2026-NQM4, Class A3, 5.93%, due 6/25/2071
|
4,168,684
(d)
|
|
|
|
2,585,000
|
Series 2026-NQM4, Class M1, 6.40%, due 6/25/2071
|
2,571,138
(d)(e)
|
|
|
|
851,731
|
Angel Oak Mortgage Trust, Series 2025-10, Class A1, 4.96%, due 9/25/2070
|
842,350
(d)(e)
|
|
|
|
4,602,081
|
Aspire Mortgage Trust, Series 2026-1, Class A1, 4.86%, due 1/25/2066
|
4,542,597
(d)(e)
|
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
|
4,063,584
|
Series 2026-NQM2, Class A3, 5.03%, due 11/25/2065
|
3,995,703
(d)
|
|
|
|
2,468,000
|
Series 2026-NQM6, Class M1, 5.96%, due 5/25/2066
|
2,452,624
(d)(e)
|
|
|
|
4,235,119
|
Series 2026-NQM5, Class A3, 5.72%, due 6/25/2066
|
4,212,454
(d)
|
|
|
|
|
Chase Home Lending Mortgage Trust
|
|
|
|
|
3,595,233
|
Series 2024-3, Class A6, 6.00%, due 2/25/2055
|
3,591,391
(d)(e)
|
|
|
|
3,021,674
|
Series 2024-5, Class A6, 6.00%, due 4/25/2055
|
3,018,387
(d)(e)
|
|
|
|
5,581,674
|
Series 2024-11, Class A4, 6.00%, due 11/25/2055
|
5,587,728
(d)(e)
|
|
|
|
2,242,720
|
Series 2024-11, Class A9A, 6.00%, due 11/25/2055
|
2,240,675
(d)(e)
|
|
|
|
965,568
|
Series 2024-11, Class A9, 6.30%, due 11/25/2055
|
959,562
(d)(e)
|
|
|
|
6,291,072
|
Series 2025-10, Class A9B, 5.50%, due 7/25/2056
|
6,164,269
(d)(e)
|
|
|
|
|
Connecticut Avenue Securities Trust
|
|
|
|
|
2,225,000
|
Series 2020-R02, Class 2B1, (30 day USD SOFR Average + 3.11%), 6.73%, due
1/25/2040
|
2,243,089
(d)(f)
|
|
|
|
11,349,000
|
Series 2020-R01, Class 1B1, (30 day USD SOFR Average + 3.36%), 6.98%, due
1/25/2040
|
11,455,454
(d)(f)
|
|
|
|
1,020,000
|
Series 2021-R01, Class 1B2, (30 day USD SOFR Average + 6.00%), 9.62%, due
10/25/2041
|
1,030,787
(d)(f)
|
|
|
|
5,176,000
|
Series 2021-R03, Class 1B1, (30 day USD SOFR Average + 2.75%), 6.37%, due
12/25/2041
|
5,210,369
(d)(f)
|
|
|
|
8,267,000
|
Series 2022-R01, Class 1B2, (30 day USD SOFR Average + 6.00%), 9.62%, due
12/25/2041
|
8,415,821
(d)(f)
|
|
|
|
17,453,000
|
Series 2022-R02, Class 2B1, (30 day USD SOFR Average + 4.50%), 8.12%, due
1/25/2042
|
17,745,319
(d)(f)
|
|
|
|
6,161,000
|
Series 2022-R02, Class 2B2, (30 day USD SOFR Average + 7.65%), 11.27%, due
1/25/2042
|
6,341,458
(d)(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
7,007,000
|
Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 6.72%, due
3/25/2042
|
$7,094,222
(d)(f)
|
|
|
|
3,066,962
|
Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.12%, due
3/25/2042
|
3,115,978
(d)(f)
|
|
|
|
5,000,000
|
Series 2022-R03, Class 1B1, (30 day USD SOFR Average + 6.25%), 9.87%, due
3/25/2042
|
5,162,500
(d)(f)
|
|
|
|
1,075,000
|
Series 2022-R04, Class 1B2, (30 day USD SOFR Average + 9.50%), 13.12%, due
3/25/2042
|
1,129,503
(d)(f)
|
|
|
|
3,620,000
|
Series 2022-R03, Class 1B2, (30 day USD SOFR Average + 9.85%), 13.47%, due
3/25/2042
|
3,810,050
(d)(f)
|
|
|
|
11,495,000
|
Series 2022-R06, Class 1B1, (30 day USD SOFR Average + 6.35%), 9.97%, due
5/25/2042
|
11,969,169
(d)(f)
|
|
|
|
1,000,000
|
Series 2022-R07, Class 1B2, (30 day USD SOFR Average + 12.00%), 15.62%, due
6/25/2042
|
1,092,225
(d)(f)
|
|
|
|
8,407,200
|
Series 2022-R08, Class 1B1, (30 day USD SOFR Average + 5.60%), 9.22%, due
7/25/2042
|
8,774,876
(d)(f)
|
|
|
|
3,083,000
|
Series 2022-R09, Class 2B1, (30 day USD SOFR Average + 6.75%), 10.37%, due
9/25/2042
|
3,275,688
(d)(f)
|
|
|
|
6,443,000
|
Series 2023-R02, Class 1M2, (30 day USD SOFR Average + 3.35%), 6.97%, due
1/25/2043
|
6,642,895
(d)(f)
|
|
|
|
1,725,000
|
Series 2023-R02, Class 1B1, (30 day USD SOFR Average + 5.55%), 9.17%, due
1/25/2043
|
1,824,557
(d)(f)
|
|
|
|
5,975,000
|
Series 2023-R04, Class 1B1, (30 day USD SOFR Average + 5.35%), 8.97%, due
5/25/2043
|
6,384,340
(d)(f)
|
|
|
|
12,168,000
|
Series 2023-R05, Class 1B1, (30 day USD SOFR Average + 4.75%), 8.37%, due
6/25/2043
|
12,880,906
(d)(f)
|
|
|
|
4,500,000
|
Series 2023-R06, Class 1M2, (30 day USD SOFR Average + 2.70%), 6.32%, due
7/25/2043
|
4,607,739
(d)(f)
|
|
|
|
231,374
|
Series 2024-R01, Class 1M1, (30 day USD SOFR Average + 1.05%), 4.67%, due
1/25/2044
|
231,231
(d)(f)
|
|
|
|
1,975,000
|
Series 2024-R01, Class 1B1, (30 day USD SOFR Average + 2.70%), 6.32%, due
1/25/2044
|
2,034,667
(d)(f)
|
|
|
|
1,563,000
|
Series 2024-R01, Class 1B2, (30 day USD SOFR Average + 4.00%), 7.62%, due
1/25/2044
|
1,650,731
(d)(f)
|
|
|
|
380,000
|
Series 2024-R02, Class 1B2, (30 day USD SOFR Average + 3.70%), 7.32%, due
2/25/2044
|
399,750
(d)(f)
|
|
|
|
11,506,000
|
Series 2025-R01, Class 1B1, (30 day USD SOFR Average + 1.70%), 5.32%, due
1/25/2045
|
11,524,230
(d)(f)
|
|
|
|
212,921
|
Series 2025-R02, Class 1M1, (30 day USD SOFR Average + 1.15%), 4.77%, due
2/25/2045
|
212,921
(d)(f)
|
|
|
|
7,532,000
|
Series 2025-R02, Class 1M2, (30 day USD SOFR Average + 1.60%), 5.22%, due
2/25/2045
|
7,553,077
(d)(f)
|
|
|
|
5,230,000
|
Series 2025-R02, Class 1B1, (30 day USD SOFR Average + 1.95%), 5.57%, due
2/25/2045
|
5,275,309
(d)(f)
|
|
|
|
3,776,000
|
Series 2025-R04, Class 1M2, (30 day USD SOFR Average + 1.50%), 5.12%, due
5/25/2045
|
3,783,990
(d)(f)
|
|
|
|
10,556,000
|
Series 2025-R05, Class 2M2, (30 day USD SOFR Average + 1.60%), 5.22%, due
7/25/2045
|
10,589,498
(d)(f)
|
|
|
|
3,650,000
|
Series 2025-R06, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.17%, due
9/25/2045
|
3,670,317
(d)(f)
|
|
|
|
9,600,000
|
Series 2025-R06, Class 1B1, (30 day USD SOFR Average + 1.85%), 5.47%, due
9/25/2045
|
9,637,384
(d)(f)
|
|
|
|
500,000
|
Series 2026-R01, Class 2M2, (30 day USD SOFR Average + 1.35%), 4.97%, due
1/25/2046
|
498,867
(d)(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
5,587,000
|
Series 2026-R02, Class 1M2, (30 day USD SOFR Average + 1.50%), 5.12%, due
2/25/2046
|
$5,602,141
(d)(f)
|
|
|
|
6,583,000
|
Series 2026-R03, Class 2M2, (30 day USD SOFR Average + 1.55%), 5.17%, due
4/25/2046
|
6,619,276
(d)(f)
|
|
|
|
|
Cross Mortgage Trust
|
|
|
|
|
1,250,000
|
Series 2024-H8, Class M1, 6.32%, due 12/25/2069
|
1,256,941
(d)(e)
|
|
|
|
805,000
|
Series 2026-NQM5, Class M1, 6.00%, due 3/25/2071
|
800,362
(d)(e)
|
|
|
|
1,849,569
|
Series 2026-NQM6, Class A3, 5.62%, due 5/25/2071
|
1,832,999
(d)
|
|
|
|
1,362,000
|
Series 2026-NQM6, Class M1, 5.91%, due 5/25/2071
|
1,347,193
(d)(e)
|
|
|
|
|
EFMT
|
|
|
|
|
503,186
|
Series 2024-INV2, Class A2, 5.29%, due 10/25/2069
|
500,846
(d)
|
|
|
|
2,615,781
|
Series 2024-INV2, Class A3, 5.44%, due 10/25/2069
|
2,604,691
(d)
|
|
|
|
3,500,000
|
Series 2024-INV2, Class M1, 5.73%, due 10/25/2069
|
3,472,821
(d)(e)
|
|
|
|
4,794,895
|
Series 2025-NQM5, Class A3, 5.34%, due 11/25/2070
|
4,738,861
(d)
|
|
|
|
1,817,000
|
Series 2026-NQM5, Class M1, 6.35%, due 6/25/2071
|
1,817,872
(d)(e)
|
|
|
|
1,152,000
|
Series 2026-NQM7, Class M1, 6.08%, due 7/25/2071
|
1,145,086
(d)(e)
|
|
|
|
|
Federal Home Loan Mortgage Corp. REMIC
|
|
|
|
|
2,145,746
|
Series 4627, Class SA, (5.89% - 30 day USD SOFR Average), 2.26%, due
10/15/2046
|
237,668
(f)(g)
|
|
|
|
2,682,372
|
Series 5146, Class EC, 1.50%, due 2/25/2049
|
2,131,926
|
|
|
|
10,312,766
|
Series 5392, Class HI, 3.50%, due 7/25/2051
|
1,867,430
(g)
|
|
|
|
34,443,449
|
Series 5444, Class SC, (5.88% - 30 day USD SOFR Average), 2.26%, due
8/25/2054
|
1,791,207
(f)(g)
|
|
|
|
8,479,435
|
Series 5471, Class FK, (30 day USD SOFR Average + 1.15%), 4.77%, due
8/25/2054
|
8,524,795
(f)
|
|
|
|
1,725,083
|
Series 5438, Class FE, (30 day USD SOFR Average + 1.30%), 4.92%, due
8/25/2054
|
1,741,257
(f)
|
|
|
|
3,159,807
|
Series 5475, Class FA, (30 day USD SOFR Average + 1.10%), 4.72%, due
11/25/2054
|
3,159,277
(f)
|
|
|
|
12,159,034
|
Series 5474, Class FB, (30 day USD SOFR Average + 1.15%), 4.77%, due
11/25/2054
|
12,223,923
(f)
|
|
|
|
6,316,578
|
Series 5468, Class FB, (30 day USD SOFR Average + 1.20%), 4.82%, due
11/25/2054
|
6,339,254
(f)
|
|
|
|
4,188,236
|
Series 5475, Class FB, (30 day USD SOFR Average + 1.35%), 4.97%, due
11/25/2054
|
4,206,664
(f)
|
|
|
|
10,322,988
|
Series 5513, Class FJ, (30 day USD SOFR Average + 1.80%), 5.42%, due
11/25/2054
|
10,470,157
(f)
|
|
|
|
5,594,454
|
Series 5505, Class FB, (30 day USD SOFR Average + 1.50%), 5.12%, due
2/25/2055
|
5,682,950
(f)
|
|
|
|
8,392,211
|
Series 5599, Class FB, (30 day USD SOFR Average + 1.20%), 4.82%, due
3/25/2055
|
8,401,491
(f)
|
|
|
|
11,127,835
|
Series 5518, Class FD, (30 day USD SOFR Average + 1.70%), 5.32%, due
3/25/2055
|
11,250,782
(f)
|
|
|
|
10,525,322
|
Series 5521, Class FB, (30 day USD SOFR Average + 1.70%), 5.32%, due
3/25/2055
|
10,643,279
(f)
|
|
|
|
3,217,666
|
Series 5534, Class AF, (30 day USD SOFR Average + 1.60%), 5.22%, due
5/25/2055
|
3,243,248
(f)
|
|
|
|
7,877,208
|
Series 5561, Class FD, (30 day USD SOFR Average + 1.35%), 4.97%, due
7/25/2055
|
7,965,054
(f)
|
|
|
|
44,427,043
|
Series 5578, Class SC, (5.85% - 30 day USD SOFR Average), 2.23%, due
9/25/2055
|
2,532,377
(f)(g)
|
|
|
|
33,550,886
|
Series 5596, Class SC, (5.30% - 30 day USD SOFR Average), 1.68%, due
11/25/2055
|
1,458,423
(f)(g)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
12,625,314
|
Series 5600, Class FA, (30 day USD SOFR Average + 1.30%), 4.92%, due
11/25/2055
|
$12,677,430
(f)
|
|
|
|
11,955,506
|
Series 5597, Class FA, (30 day USD SOFR Average + 1.40%), 5.02%, due
11/25/2055
|
12,012,256
(f)
|
|
|
|
13,225,876
|
Series 5664, Class F, (30 day USD SOFR Average + 1.50%), 5.12%, due 6/25/2056
|
13,180,407
(f)
|
|
|
|
|
Federal Home Loan Mortgage Corp. STACR REMIC Trust
|
|
|
|
|
3,000,000
|
Series 2021-HQA3, Class B1, (30 day USD SOFR Average + 3.35%), 6.97%, due
9/25/2041
|
3,009,390
(d)(f)
|
|
|
|
6,253,000
|
Series 2021-DNA6, Class B1, (30 day USD SOFR Average + 3.40%), 7.02%, due
10/25/2041
|
6,286,060
(d)(f)
|
|
|
|
6,225,000
|
Series 2021-DNA7, Class B1, (30 day USD SOFR Average + 3.65%), 7.27%, due
11/25/2041
|
6,274,343
(d)(f)
|
|
|
|
2,450,000
|
Series 2021-HQA4, Class B1, (30 day USD SOFR Average + 3.75%), 7.37%, due
12/25/2041
|
2,471,438
(d)(f)
|
|
|
|
11,840,000
|
Series 2022-DNA1, Class M2, (30 day USD SOFR Average + 2.50%), 6.12%, due
1/25/2042
|
11,914,000
(d)(f)
|
|
|
|
6,402,920
|
Series 2022-DNA1, Class B1, (30 day USD SOFR Average + 3.40%), 7.02%, due
1/25/2042
|
6,436,920
(d)(f)
|
|
|
|
2,765,000
|
Series 2022-DNA1, Class B2, (30 day USD SOFR Average + 7.10%), 10.72%, due
1/25/2042
|
2,839,552
(d)(f)
|
|
|
|
13,314,000
|
Series 2022-DNA2, Class M2, (30 day USD SOFR Average + 3.75%), 7.37%, due
2/25/2042
|
13,514,027
(d)(f)
|
|
|
|
2,775,000
|
Series 2022-DNA2, Class B1, (30 day USD SOFR Average + 4.75%), 8.37%, due
2/25/2042
|
2,829,063
(d)(f)
|
|
|
|
8,855,000
|
Series 2022-DNA2, Class B2, (30 day USD SOFR Average + 8.50%), 12.12%, due
2/25/2042
|
9,206,121
(d)(f)
|
|
|
|
7,773,000
|
Series 2022-HQA1, Class M2, (30 day USD SOFR Average + 5.25%), 8.87%, due
3/25/2042
|
7,974,943
(d)(f)
|
|
|
|
7,520,000
|
Series 2022-HQA1, Class B1, (30 day USD SOFR Average + 7.00%), 10.62%, due
3/25/2042
|
7,787,938
(d)(f)
|
|
|
|
500,000
|
Series 2022-DNA3, Class M1B, (30 day USD SOFR Average + 2.90%), 6.52%, due
4/25/2042
|
506,565
(d)(f)
|
|
|
|
12,919,000
|
Series 2022-DNA3, Class M2, (30 day USD SOFR Average + 4.35%), 7.97%, due
4/25/2042
|
13,230,772
(d)(f)
|
|
|
|
11,525,000
|
Series 2022-DNA3, Class B1, (30 day USD SOFR Average + 5.65%), 9.27%, due
4/25/2042
|
11,888,729
(d)(f)
|
|
|
|
5,761,000
|
Series 2022-DNA4, Class B1, (30 day USD SOFR Average + 6.25%), 9.87%, due
5/25/2042
|
5,989,417
(d)(f)
|
|
|
|
17,407,000
|
Series 2022-DNA6, Class M2, (30 day USD SOFR Average + 5.75%), 9.37%, due
9/25/2042
|
18,344,210
(d)(f)
|
|
|
|
5,486,000
|
Series 2024-DNA1, Class M2, (30 day USD SOFR Average + 1.95%), 5.57%, due
2/25/2044
|
5,532,302
(d)(f)
|
|
|
|
9,839,000
|
Series 2024-HQA1, Class M2, (30 day USD SOFR Average + 2.00%), 5.62%, due
3/25/2044
|
9,918,876
(d)(f)
|
|
|
|
223,918
|
Series 2024-DNA3, Class M2, (30 day USD SOFR Average + 1.45%), 5.07%, due
10/25/2044
|
223,849
(d)(f)
|
|
|
|
321,316
|
Series 2025-DNA1, Class M1, (30 day USD SOFR Average + 1.05%), 4.67%, due
1/25/2045
|
321,117
(d)(f)
|
|
|
|
251,662
|
Series 2025-HQA1, Class M1, (30 day USD SOFR Average + 1.15%), 4.77%, due
2/25/2045
|
251,662
(d)(f)
|
|
|
|
4,500,000
|
Series 2025-DNA4, Class M2, (30 day USD SOFR Average + 1.55%), 5.17%, due
10/25/2045
|
4,522,104
(d)(f)
|
|
|
|
191,811
|
Series 2026-HQA1, Class M1, (30 day USD SOFR Average + 1.25%), 4.87%, due
5/25/2046
|
191,999
(d)(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
5,392,000
|
Series 2026-HQA1, Class M2, (30 day USD SOFR Average + 1.50%), 5.12%, due
5/25/2046
|
$5,391,480
(d)(f)
|
|
|
|
15,490,987
|
Federal National Mortgage Association Interest Strip, Series 437, Class C29, 3.35%,
due 5/25/2053
|
2,437,059
(e)(g)
|
|
|
|
|
Federal National Mortgage Association REMIC
|
|
|
|
|
10,137,607
|
Series 2021-76, Class AI, 3.50%, due 11/25/2051
|
1,725,148
(g)
|
|
|
|
6,186,306
|
Series 2024-61, Class FD, (30 day USD SOFR Average + 1.00%), 4.62%, due
3/25/2053
|
6,189,967
(f)
|
|
|
|
7,654,543
|
Series 2024-40, Class FA, (30 day USD SOFR Average + 1.15%), 4.77%, due
3/25/2054
|
7,694,664
(f)
|
|
|
|
43,773,287
|
Series 2024-48, Class SB, (5.90% - 30 day USD SOFR Average), 2.28%, due
7/25/2054
|
2,183,416
(f)(g)
|
|
|
|
9,892,141
|
Series 2024-67, Class FA, (30 day USD SOFR Average + 1.17%), 4.79%, due
9/25/2054
|
9,949,130
(f)
|
|
|
|
15,307,884
|
Series 2024-70, Class DF, (30 day USD SOFR Average + 1.00%), 4.62%, due
10/25/2054
|
15,324,585
(f)
|
|
|
|
42,296,298
|
Series 2024-102, Class DS, (5.90% - 30 day USD SOFR Average), 2.28%, due
1/25/2055
|
1,942,669
(f)(g)
|
|
|
|
7,712,092
|
Series 2025-6, Class FC, (30 day USD SOFR Average + 1.60%), 5.22%, due
2/25/2055
|
7,771,883
(f)
|
|
|
|
10,494,218
|
Series 2025-6, Class LF, (30 day USD SOFR Average + 1.80%), 5.42%, due
2/25/2055
|
10,642,065
(f)
|
|
|
|
1,841,817
|
Series 2025-1, Class AF, (30 day USD SOFR Average + 1.85%), 5.47%, due
2/25/2055
|
1,870,942
(f)
|
|
|
|
9,254,511
|
Series 2025-6, Class FB, (30 day USD SOFR Average + 2.00%), 5.62%, due
2/25/2055
|
9,439,287
(f)
|
|
|
|
46,995,399
|
Series 2025-19, Class SC, (5.84% - 30 day USD SOFR Average), 2.22%, due
3/25/2055
|
2,351,152
(f)(g)
|
|
|
|
7,763,971
|
Series 2025-35, Class HF, (30 day USD SOFR Average + 1.70%), 5.32%, due
5/25/2055
|
7,848,941
(f)
|
|
|
|
44,509,777
|
Series 2025-72, Class SA, (5.25% - 30 day USD SOFR Average), 1.63%, due
8/25/2055
|
2,407,080
(f)(g)
|
|
|
|
35,719,907
|
Series 2025-81, Class SB, (5.35% - 30 day USD SOFR Average), 1.73%, due
10/25/2055
|
1,578,598
(f)(g)
|
|
|
|
51,216,245
|
Series 2025-92, Class SA, (5.80% - 30 day USD SOFR Average), 2.18%, due
11/25/2055
|
2,693,288
(f)(g)
|
|
|
|
51,770,158
|
Series 2025-112, Class AS, (5.65% - 30 day USD SOFR Average), 2.03%, due
1/25/2056
|
3,019,251
(f)(g)
|
|
|
|
13,500,000
|
Series 2026-41, Class BF, (30 day USD SOFR Average + 1.60%), 5.22%, due
6/25/2056
|
13,413,325
(f)
|
|
|
|
13,239,181
|
Series 2026-43, Class FB, (30 day USD SOFR Average + 1.70%), 5.32%, due
6/25/2056
|
13,274,440
(f)
|
|
|
|
|
GCAT Trust
|
|
|
|
|
3,413,458
|
Series 2025-NQM2, Class A3, 6.01%, due 4/25/2070
|
3,409,970
(d)
|
|
|
|
2,542,000
|
Series 2025-NQM2, Class M1, 6.33%, due 4/25/2070
|
2,539,320
(d)(e)
|
|
|
|
|
Government National Mortgage Association REMIC
|
|
|
|
|
6,144,618
|
Series 2020-86, Class WK, 1.00%, due 6/20/2050
|
4,617,614
|
|
|
|
6,016,624
|
Series 2020-112, Class KA, 1.00%, due 8/20/2050
|
4,520,609
|
|
|
|
5,444,509
|
Series 2021-103, Class HE, 2.00%, due 6/20/2051
|
4,399,858
|
|
|
|
5,582,736
|
Series 2021-119, Class NC, 1.50%, due 7/20/2051
|
4,509,496
|
|
|
|
15,741,720
|
Series 2021-139, Class IE, 3.50%, due 8/20/2051
|
2,899,332
(g)
|
|
|
|
7,242,365
|
Series 2025-4, Class FY, (30 day USD SOFR Average + 1.60%), 5.22%, due
1/20/2055
|
7,303,486
(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
35,920,717
|
Series 2025-50, Class SB, (5.35% - 30 day USD SOFR Average), 1.73%, due
3/20/2055
|
$1,408,839
(f)(g)
|
|
|
|
63,298,407
|
Series 2025-50, Class SC, (5.35% - 30 day USD SOFR Average), 1.73%, due
3/20/2055
|
2,760,038
(f)(g)
|
|
|
|
45,387,921
|
Series 2025-48, Class SA, (5.95% - 30 day USD SOFR Average), 2.33%, due
3/20/2055
|
2,689,298
(f)(g)
|
|
|
|
31,596,930
|
Series 2025-97, Class SG, (7.10% - 30 day USD SOFR Average), 3.48%, due
6/20/2055
|
2,701,190
(f)(g)
|
|
|
|
37,293,262
|
Series 2026-2, Class SK, (5.70% - 30 day USD SOFR Average), 2.08%, due
1/20/2056
|
2,057,868
(f)(g)
|
|
|
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
|
274,640
|
Series 2025-PJ8, Class A5, 5.50%, due 2/25/2056
|
273,416
(d)(e)
|
|
|
|
2,573,698
|
Series 2025-PJ8, Class A19, 6.00%, due 2/25/2056
|
2,553,528
(d)(e)
|
|
|
|
|
HOMES Trust
|
|
|
|
|
1,204,683
|
Series 2025-AFC3, Class A2, 5.14%, due 8/25/2060
|
1,193,041
(d)
|
|
|
|
449,186
|
Series 2026-NQM3, Class A2, 5.47%, due 4/27/2071
|
445,380
(d)
|
|
|
|
3,412,860
|
Series 2026-NQM3, Class A3, 5.62%, due 4/27/2071
|
3,382,714
(d)
|
|
|
|
|
JP Morgan Mortgage Trust
|
|
|
|
|
391,385
|
Series 2025-2, Class A4, 6.00%, due 7/25/2055
|
390,965
(d)(e)
|
|
|
|
3,053,555
|
Series 2025-2, Class A9A, 6.00%, due 7/25/2055
|
3,043,060
(d)(e)
|
|
|
|
2,208,584
|
Series 2025-NQM3, Class A2, 5.65%, due 11/25/2065
|
2,203,180
(d)
|
|
|
|
1,970,000
|
Series 2025-NQM3, Class M1A, 5.97%, due 11/25/2065
|
1,958,372
(d)(e)
|
|
|
|
2,758,214
|
Series 2026-NQM3, Class A3, 5.84%, due 10/25/2066
|
2,752,370
(d)
|
|
|
|
2,550,000
|
Series 2026-NQM3, Class M1, 6.26%, due 10/25/2066
|
2,537,549
(d)(e)
|
|
|
|
14,325,000
|
LHOME Mortgage Trust, Series 2024-RTL4, Class A1, 5.92%, due 7/25/2039
|
14,343,037
(d)
|
|
|
|
|
Morgan Stanley Residential Mortgage Loan Trust
|
|
|
|
|
2,077,561
|
Series 2024-NQM3, Class A3, 5.40%, due 7/25/2069
|
2,061,521
(d)
|
|
|
|
2,195,000
|
Series 2024-NQM3, Class M1, 5.61%, due 7/25/2069
|
2,185,634
(d)(e)
|
|
|
|
1,548,047
|
Series 2024-NQM5, Class A3, 6.00%, due 10/25/2069
|
1,547,725
(d)
|
|
|
|
1,384,000
|
Series 2024-NQM5, Class M1, 6.52%, due 10/25/2069
|
1,387,005
(d)(e)
|
|
|
|
1,866,235
|
Series 2026-NQM5, Class A3, 5.84%, due 4/27/2071
|
1,859,979
(d)
|
|
|
|
2,214,000
|
Series 2026-NQM5, Class M1, 6.26%, due 4/27/2071
|
2,200,713
(d)(e)
|
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
|
7,627,000
|
Series 2024-RTL2, Class A1, 5.44%, due 9/25/2039
|
7,614,581
(d)
|
|
|
|
2,796,000
|
Series 2025-NQM3, Class M1, 6.32%, due 5/25/2065
|
2,795,042
(d)(e)
|
|
|
|
4,004,629
|
Series 2025-NQM4, Class A3, 5.81%, due 7/25/2065
|
3,993,242
(d)
|
|
|
|
1,496,000
|
Series 2025-NQM4, Class M1, 6.08%, due 7/25/2065
|
1,478,640
(d)(e)
|
|
|
|
5,281,694
|
Series 2026-NQM1, Class A1, 4.82%, due 11/25/2065
|
5,199,819
(d)(e)
|
|
|
|
926,505
|
Series 2026-NQM1, Class A3, 5.18%, due 11/25/2065
|
912,967
(d)
|
|
|
|
700,375
|
Series 2026-NQM2, Class A1, 4.74%, due 12/25/2065
|
687,885
(d)(e)
|
|
|
|
10,579,395
|
Series 2026-NQM2, Class A3, 5.15%, due 12/25/2065
|
10,418,105
(d)
|
|
|
|
953,090
|
Series 2026-NQM3, Class A1, 4.83%, due 2/25/2066
|
938,419
(d)(e)
|
|
|
|
1,212,000
|
Series 2026-NQM3, Class M1, 5.42%, due 2/25/2066
|
1,183,588
(d)(e)
|
|
|
|
460,305
|
Series 2026-NQM6, Class A2, 5.50%, due 5/25/2066
|
456,833
(d)
|
|
|
|
1,273,185
|
Series 2026-NQM6, Class A3, 5.60%, due 5/25/2066
|
1,263,821
(d)
|
|
|
|
1,142,000
|
Series 2026-NQM6, Class M1, 5.79%, due 5/25/2066
|
1,130,292
(d)(e)
|
|
|
|
1,236,505
|
Series 2026-NQM7, Class A3, 5.77%, due 6/25/2066
|
1,231,733
(d)
|
|
|
|
631,000
|
Series 2026-NQM7, Class M1, 6.02%, due 6/25/2066
|
626,306
(d)(e)
|
|
|
|
7,034,480
|
NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, 6.55%, due 3/25/2032
|
6,991,518
(d)
|
|
|
|
|
NYMT Loan Trust
|
|
|
|
|
2,301,867
|
Series 2026-INV3, Class A3, 5.71%, due 6/27/2061
|
2,282,662
(d)
|
|
|
|
1,547,000
|
Series 2026-INV3, Class M1, 5.96%, due 6/27/2061
|
1,528,627
(d)(e)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Collateralized Mortgage Obligations – cont'd
|
|
|||
|
$
|
2,141,643
|
Series 2024-INV1, Class A1, 5.38%, due 6/25/2069
|
$2,139,850
(d)(e)
|
|
|
|
4,278,207
|
Series 2024-INV1, Class A3, 5.83%, due 6/25/2069
|
4,274,292
(d)
|
|
|
|
|
OBX Trust
|
|
|
|
|
701,919
|
Series 2025-NQM7, Class A3, 5.86%, due 5/25/2055
|
702,625
(d)
|
|
|
|
907,289
|
Series 2026-R2, Class A3, 5.71%, due 3/25/2063
|
899,844
(d)
|
|
|
|
1,356,000
|
Series 2026-R2, Class M1, 5.93%, due 3/25/2063
|
1,340,732
(d)(e)
|
|
|
|
1,737,154
|
Series 2024-NQM14, Class A2, 5.20%, due 9/25/2064
|
1,728,655
(d)
|
|
|
|
5,090,000
|
Series 2024-NQM14, Class M1, 5.58%, due 9/25/2064
|
5,066,952
(d)(e)
|
|
|
|
1,645,949
|
Series 2025-NQM10, Class A3, 5.71%, due 5/25/2065
|
1,641,307
(d)
|
|
|
|
3,665,000
|
Series 2025-NQM10, Class M1, 6.04%, due 5/25/2065
|
3,666,166
(d)(e)
|
|
|
|
5,483,599
|
Series 2025-NQM23, Class A2, 5.18%, due 10/25/2065
|
5,424,768
(d)
|
|
|
|
2,988,000
|
Series 2026-NQM3, Class M1, 5.32%, due 1/25/2066
|
2,913,596
(d)(e)
|
|
|
|
5,292,452
|
Series 2026-NQM7, Class A3, 5.64%, due 4/25/2066
|
5,264,473
(d)
|
|
|
|
3,693,000
|
Series 2026-NQM9, Class M1, 5.82%, due 4/25/2066
|
3,677,260
(d)(e)
|
|
|
|
1,169,000
|
Series 2026-NQM7, Class M1, 5.83%, due 4/25/2066
|
1,153,507
(d)(e)
|
|
|
|
2,051,789
|
Series 2026-NQM8, Class A3, 5.60%, due 5/25/2066
|
2,039,191
(d)
|
|
|
|
3,142,000
|
Series 2026-NQM8, Class M1, 5.79%, due 5/25/2066
|
3,121,685
(d)(e)
|
|
|
|
|
PRKCM Trust
|
|
|
|
|
894,759
|
Series 2025-AFC1, Class A2, 5.25%, due 10/25/2060
|
887,559
(d)
|
|
|
|
1,213,000
|
Series 2026-AFC4, Class M1, 6.04%, due 7/25/2061
|
1,204,603
(d)(e)
|
|
|
|
2,461,000
|
SG Residential Mortgage Trust, Series 2026-4, Class M1, 6.10%, due 7/1/2066
|
2,445,244
(d)(e)
|
|
|
|
16,302,407
|
Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, due
9/25/2066
|
13,788,005
(d)(e)
|
|
|
|
500,000
|
Structured Agency Credit Risk, Series 2026-DNA1, Class M2, (30 day USD SOFR
Average + 1.30%), 4.92%, due 2/25/2046
|
500,573
(d)(f)
|
|
|
|
4,134,953
|
Towd Point Mortgage Trust, Series 2022-4, Class A1, 3.75%, due 9/25/2062
|
3,886,081
(d)
|
|
|
|
|
Verus Securitization Trust
|
|
|
|
|
6,902,195
|
Series 2021-6, Class A1, 1.63%, due 10/25/2066
|
5,914,309
(d)(e)
|
|
|
|
3,818,625
|
Series 2021-6, Class A3, 1.89%, due 10/25/2066
|
3,283,135
(d)(e)
|
|
|
|
2,375,825
|
Series 2026-R5, Class A3, 5.76%, due 3/25/2068
|
2,370,491
(d)
|
|
|
|
2,855,000
|
Series 2026-R5, Class M1, 6.25%, due 3/25/2068
|
2,851,456
(d)(e)
|
|
|
|
2,096,717
|
Series 2024-5, Class A2, 6.45%, due 6/25/2069
|
2,106,205
(d)
|
|
|
|
2,914,513
|
Series 2024-7, Class A3, 5.40%, due 9/25/2069
|
2,899,151
(d)
|
|
|
|
697,309
|
Series 2024-8, Class A2, 5.62%, due 10/25/2069
|
698,054
(d)
|
|
|
|
5,255,000
|
Series 2024-8, Class M1, 5.99%, due 10/25/2069
|
5,253,704
(d)(e)
|
|
|
|
2,817,253
|
Series 2025-4, Class A3, 5.75%, due 5/25/2070
|
2,811,382
(d)
|
|
|
|
1,733,000
|
Series 2025-4, Class M1, 6.30%, due 5/25/2070
|
1,733,173
(d)(e)
|
|
|
|
4,975,000
|
Series 2025-3, Class M1, 6.65%, due 5/25/2070
|
4,996,794
(d)(e)
|
|
|
|
7,985,624
|
Series 2025-6, Class A3, 5.72%, due 7/25/2070
|
7,960,230
(d)
|
|
|
|
1,515,136
|
Series 2025-11, Class A1, 4.91%, due 11/25/2070
|
1,496,377
(d)(e)
|
|
|
|
4,193,849
|
Series 2025-11, Class A3, 5.27%, due 11/25/2070
|
4,150,278
(d)
|
|
|
|
2,875,000
|
Series 2025-11, Class M1, 5.66%, due 11/25/2070
|
2,831,487
(d)(e)
|
|
|
|
2,327,874
|
Series 2026-1, Class A1, 4.86%, due 1/25/2071
|
2,303,621
(d)(e)
|
|
|
|
7,396,526
|
Series 2026-1, Class A3, 5.22%, due 1/25/2071
|
7,332,535
(d)
|
|
|
|
4,399,707
|
Series 2026-4, Class A2, 5.32%, due 4/25/2071
|
4,373,311
(d)
|
|
|
|
3,228,100
|
Series 2026-4, Class A3, 5.48%, due 4/25/2071
|
3,201,389
(d)
|
|
|
|
1,583,000
|
Series 2026-5, Class M1, 5.91%, due 5/25/2071
|
1,571,196
(d)(e)
|
|
|
|
|
|
978,954,742
|
|
|
Commercial Mortgage-Backed 5.8%
|
|
|||
|
|
6,290,000
|
1211 Avenue of the Americas Trust, Series 2015-1211, Class B, 4.09%, due
8/10/2035
|
6,022,675
(d)(e)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
$
|
7,000,000
|
1301 Trust, Series 2025-1301, Class D, 6.22%, due 8/11/2042
|
$6,923,359
(d)(e)
|
|
|
|
1,342,000
|
ALA Trust, Series 2025-OANA, Class D, (1 mo. USD Term SOFR + 3.09%), 6.77%,
due 6/15/2040
|
1,346,146
(d)(f)
|
|
|
|
6,690,000
|
BAHA Trust, Series 2024-MAR, Class A, 5.97%, due 12/10/2041
|
6,782,895
(d)(e)
|
|
|
|
4,725,000
|
BAMLL Trust, Series 2024-BHP, Class B, (1 mo. USD Term SOFR + 2.90%), 6.58%,
due 8/15/2039
|
4,740,905
(d)(f)
|
|
|
|
5,302,000
|
BANK, Series 2019-BN17, Class C, 4.51%, due 4/15/2052
|
4,980,063
(e)
|
|
|
|
|
BANK5
|
|
|
|
|
2,138,000
|
Series 2023-5YR3, Class C, 7.32%, due 9/15/2056
|
2,171,695
(e)
|
|
|
|
1,700,000
|
Series 2024-5YR7, Class D, 4.00%, due 6/15/2057
|
1,549,636
(d)
|
|
|
|
3,039,000
|
Series 2024-5YR12, Class C, 6.30%, due 12/15/2057
|
3,056,730
(e)
|
|
|
|
2,665,000
|
Series 2025-5YR17, Class D, 4.50%, due 11/15/2058
|
2,337,629
(d)
|
|
|
|
3,236,000
|
Barclays Commercial Mortgage Trust, Series 2019-C5, Class C, 3.71%, due
11/15/2052
|
2,969,733
|
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
|
2,570,000
|
Series 2018-TALL, Class A, (1 mo. USD Term SOFR + 0.92%), 4.60%, due
3/15/2037
|
2,428,858
(d)(f)
|
|
|
|
3,623,000
|
Series 2018-TALL, Class B, (1 mo. USD Term SOFR + 1.17%), 4.85%, due
3/15/2037
|
3,353,198
(d)(f)
|
|
|
|
3,000,000
|
Series 2018-TALL, Class C, (1 mo. USD Term SOFR + 1.32%), 5.00%, due
3/15/2037
|
2,739,916
(d)(f)
|
|
|
|
2,370,000
|
Series 2018-TALL, Class D, (1 mo. USD Term SOFR + 1.65%), 5.32%, due
3/15/2037
|
2,122,934
(d)(f)
|
|
|
|
85,028,460
|
Series 2021-C11, Class XA, 1.32%, due 9/15/2054
|
3,991,755
(e)(g)
|
|
|
|
32,733,582
|
Series 2022-C17, Class XA, 1.15%, due 9/15/2055
|
1,832,992
(e)(g)
|
|
|
|
2,167,000
|
Series 2024-5C31, Class C, 5.76%, due 12/15/2057
|
2,141,057
(e)
|
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
|
1,600,000
|
Series 2020-B16, Class C, 3.64%, due 2/15/2053
|
1,316,086
(e)
|
|
|
|
257,000
|
Series 2020-B17, Class B, 2.92%, due 3/15/2053
|
219,133
|
|
|
|
46,406,107
|
Series 2021-B30, Class XA, 0.78%, due 11/15/2054
|
1,521,587
(e)(g)
|
|
|
|
1,509,000
|
Series 2024-V5, Class C, 6.97%, due 1/10/2057
|
1,540,144
(e)
|
|
|
|
1,759,000
|
Series 2024-V6, Class D, 4.00%, due 3/15/2057
|
1,578,895
|
|
|
|
2,222,000
|
Series 2024-V6, Class C, 6.67%, due 3/15/2057
|
2,230,449
|
|
|
|
6,363,000
|
Series 2026-V21, Class C, 6.01%, due 3/15/2059
|
6,214,642
|
|
|
|
3,428,000
|
BFLD Commercial Mortgage Trust, Series 2025-5MW, Class D, 6.37%, due
10/10/2042
|
3,444,544
(d)(e)
|
|
|
|
8,003,000
|
BLP Commercial Mortgage Trust, Series 2025-IND2, Class D, (1 mo. USD Term
SOFR + 2.65%), 6.33%, due 12/15/2042
|
8,028,009
(d)(f)
|
|
|
|
|
BMO Mortgage Trust
|
|
|
|
|
1,346,000
|
Series 2024-5C3, Class B, 6.56%, due 2/15/2057
|
1,359,754
(e)
|
|
|
|
1,695,000
|
Series 2024-5C8, Class C, 5.74%, due 12/15/2057
|
1,662,633
(e)
|
|
|
|
|
BX Commercial Mortgage Trust
|
|
|
|
|
425,904
|
Series 2024-MF, Class C, (1 mo. USD Term SOFR + 1.94%), 5.62%, due 2/15/2039
|
427,101
(d)(f)
|
|
|
|
7,161,556
|
Series 2024-MF, Class D, (1 mo. USD Term SOFR + 2.69%), 6.37%, due 2/15/2039
|
7,186,174
(d)(f)
|
|
|
|
5,523,000
|
Series 2024-XL5, Class D, (1 mo. USD Term SOFR + 2.69%), 6.37%, due
3/15/2041
|
5,555,793
(d)(f)
|
|
|
|
7,046,616
|
Series 2024-GPA2, Class C, (1 mo. USD Term SOFR + 2.19%), 5.87%, due
11/15/2041
|
7,066,434
(d)(f)
|
|
|
|
3,565,981
|
Series 2025-JDI, Class C, (1 mo. USD Term SOFR + 1.75%), 5.43%, due
11/15/2042
|
3,573,782
(d)(f)
|
|
|
|
1,256,542
|
Series 2025-JDI, Class D, (1 mo. USD Term SOFR + 2.40%), 6.08%, due
11/15/2042
|
1,262,040
(d)(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
$
|
5,622,262
|
Series 2026-XL6, Class D, (1 mo. USD Term SOFR + 2.10%), 5.78%, due
3/15/2043
|
$5,650,373
(d)(f)
|
|
|
|
|
BX Trust
|
|
|
|
|
7,893,825
|
Series 2025-ROIC, Class D, (1 mo. USD Term SOFR + 1.99%), 5.67%, due
3/15/2030
|
7,879,024
(d)(f)
|
|
|
|
9,726,000
|
Series 2024-BIO, Class C, (1 mo. USD Term SOFR + 2.64%), 6.32%, due
2/15/2041
|
9,665,281
(d)(f)
|
|
|
|
9,534,551
|
Series 2024-VLT4, Class E, (1 mo. USD Term SOFR + 2.89%), 6.57%, due
6/15/2041
|
9,443,104
(d)(f)
|
|
|
|
5,000,000
|
Series 2019-OC11, Class E, 3.94%, due 12/9/2041
|
4,521,042
(d)(e)
|
|
|
|
7,275,000
|
Series 2025-GW, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 7/15/2042
|
7,311,375
(d)(f)
|
|
|
|
10,943,000
|
Series 2025-ARIA, Class C, 5.52%, due 12/13/2042
|
10,825,698
(d)(e)
|
|
|
|
9,761,000
|
Series 2025-VLT7, Class D, (1 mo. USD Term SOFR + 3.25%), 6.93%, due
7/15/2044
|
9,760,913
(d)(f)
|
|
|
|
10,842,000
|
Series 2025-VOLT, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due
12/15/2044
|
10,814,881
(d)(f)
|
|
|
|
4,150,000
|
BXP Trust, Series 2017-GM, Class D, 3.42%, due 6/13/2039
|
4,063,178
(d)(e)
|
|
|
|
|
CHI Commercial Mortgage Trust
|
|
|
|
|
11,758,000
|
Series 2025-110W, Class D, 6.63%, due 12/13/2040
|
11,611,595
(d)(e)
|
|
|
|
6,017,000
|
Series 2025-SFT, Class B, 5.87%, due 4/15/2042
|
6,034,641
(d)(e)
|
|
|
|
1,835,000
|
Series 2025-SFT, Class C, 6.60%, due 4/15/2042
|
1,857,884
(d)(e)
|
|
|
|
7,315,000
|
Series 2025-SFT, Class D, 7.32%, due 4/15/2042
|
7,325,181
(d)(e)
|
|
|
|
|
Citigroup Commercial Mortgage Trust
|
|
|
|
|
2,425,000
|
Series 2023-PRM3, Class C, 6.36%, due 7/10/2028
|
2,448,102
(d)(e)
|
|
|
|
2,776,000
|
Series 2023-SMRT, Class C, 5.85%, due 6/12/2040
|
2,776,067
(d)(e)
|
|
|
|
|
COMM Mortgage Trust
|
|
|
|
|
572,000
|
Series 2025-167G, Class E, 8.20%, due 8/10/2040
|
562,031
(d)(e)
|
|
|
|
3,733,000
|
Series 2024-CBM, Class D, 7.93%, due 12/10/2041
|
3,776,390
(d)(e)
|
|
|
|
2,900,000
|
CONE Trust, Series 2024-DFW1, Class D, (1 mo. USD Term SOFR + 3.04%), 6.72%,
due 8/15/2041
|
2,895,118
(d)(f)
|
|
|
|
4,793,000
|
DC Office Trust, Series 2019-MTC, Class D, 3.07%, due 9/15/2045
|
4,119,882
(d)(e)
|
|
|
|
3,950,000
|
ELM Trust, Series 2024-ELM, Class D15, 6.67%, due 6/10/2039
|
3,945,189
(d)(e)
|
|
|
|
|
Federal Home Loan Mortgage Corp. Multiclass Certificates
|
|
|
|
|
61,820,000
|
Series 2020-RR03, Class X1, 1.71%, due 7/27/2028
|
1,634,138
(g)
|
|
|
|
27,400,000
|
Series 2020-RR02, Class DX, 1.82%, due 9/27/2028
|
850,611
(e)(g)
|
|
|
|
64,940,176
|
Series 2020-RR04, Class X, 2.13%, due 2/27/2029
|
2,486,449
(e)(g)
|
|
|
|
18,835,000
|
Series 2020-RR02, Class CX, 1.27%, due 3/27/2029
|
509,387
(e)(g)
|
|
|
|
|
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk
|
|
|
|
|
2,231,382
|
Series 2024-MN8, Class M1, (30 day USD SOFR Average + 2.85%), 6.47%, due
5/25/2044
|
2,252,793
(d)(f)
|
|
|
|
13,348,000
|
Series 2026-MN14, Class M2, (30 day USD SOFR Average + 2.70%), 6.32%, due
6/25/2046
|
13,393,067
(d)(f)
|
|
|
|
|
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through
Certificates
|
|
|
|
|
70,984,000
|
Series K083, Class XAM, 0.05%, due 10/25/2028
|
175,778
(e)(g)
|
|
|
|
77,922,000
|
Series K085, Class XAM, 0.06%, due 10/25/2028
|
187,114
(e)(g)
|
|
|
|
|
GS Mortgage Securities Trust
|
|
|
|
|
2,612,000
|
Series 2016-GS2, Class C, 4.57%, due 5/10/2049
|
2,480,107
(e)
|
|
|
|
2,360,000
|
Series 2019-GC42, Class B, 3.36%, due 9/10/2052
|
2,043,899
|
|
|
|
3,284,000
|
Series 2019-GC42, Class C, 3.71%, due 9/10/2052
|
2,701,845
(e)
|
|
|
|
|
Hudson Yards Mortgage Trust
|
|
|
|
|
6,032,000
|
Series 2025-SPRL, Class D, 6.34%, due 1/13/2040
|
6,119,241
(d)(e)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
$
|
3,116,000
|
Series 2025-SPRL, Class E, 6.68%, due 1/13/2040
|
$3,170,136
(d)(e)
|
|
|
|
6,413,000
|
INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR +
2.25%), 5.93%, due 3/15/2042
|
6,408,994
(d)(f)
|
|
|
|
|
IP Mortgage Trust
|
|
|
|
|
3,899,000
|
Series 2025-IP, Class D, 6.31%, due 6/10/2042
|
3,907,825
(d)(e)
|
|
|
|
3,277,000
|
Series 2025-IP, Class E, 6.85%, due 6/10/2042
|
3,289,587
(d)(e)
|
|
|
|
1,193,806
|
Series 2025-IP, Class F, 7.71%, due 6/10/2042
|
1,208,323
(d)(e)
|
|
|
|
7,926,044
|
IRV Trust, Series 2025-200P, Class C, 5.73%, due 3/14/2047
|
7,751,631
(d)(e)
|
|
|
|
|
JP Morgan Chase Commercial Mortgage Securities Trust
|
|
|
|
|
6,038,000
|
Series 2022-OPO, Class D, 3.45%, due 1/5/2039
|
4,564,727
(d)(e)
|
|
|
|
346,000
|
Series 2022-OPO, Class C, 3.45%, due 1/5/2039
|
274,205
(d)(e)
|
|
|
|
1,808,813
|
Series 2019-OSB, Class D, 3.78%, due 6/5/2039
|
1,649,105
(d)(e)
|
|
|
|
4,565,000
|
LBA Trust, Series 2026-LBA6, Class C, (1 mo. USD Term SOFR + 1.60%), 5.25%, due
7/15/2043
|
4,565,000
(d)(f)
|
|
|
|
1,400,000
|
LEX Trust, Series 2026-450, Class D, (1 mo. USD Term SOFR + 2.35%), 6.03%, due
3/15/2043
|
1,405,250
(d)(f)
|
|
|
|
|
MAD Commercial Mortgage Trust
|
|
|
|
|
5,500,000
|
Series 2025-11MD, Class D, 6.36%, due 10/15/2042
|
5,537,593
(d)(e)
|
|
|
|
6,200,000
|
Series 2025-11MD, Class E, 7.33%, due 10/15/2042
|
6,162,083
(d)(e)
|
|
|
|
7,703,000
|
Manhattan West Mortgage Trust, Series 2020-1MW, Class D, 2.33%, due 9/10/2039
|
7,408,971
(d)(e)
|
|
|
|
4,042,000
|
MED Commercial Mortgage Trust, Series 2024-MOB, Class C, (1 mo. USD Term
SOFR + 2.29%), 5.97%, due 5/15/2041
|
3,915,467
(d)(f)
|
|
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust
|
|
|
|
|
1,341,000
|
Series 2017-C33, Class C, 4.56%, due 5/15/2050
|
1,273,010
(e)
|
|
|
|
5,156,000
|
Series 2025-5C1, Class C, 6.64%, due 3/15/2058
|
5,229,152
(e)
|
|
|
|
3,860,000
|
Series 2025-C35, Class C, 6.35%, due 8/15/2058
|
3,799,350
(e)
|
|
|
|
|
Morgan Stanley Capital I Trust
|
|
|
|
|
1,291,000
|
Series 2017-H1, Class B, 4.08%, due 6/15/2050
|
1,265,696
|
|
|
|
2,504,550
|
Series 2017-H1, Class C, 4.28%, due 6/15/2050
|
2,381,888
(e)
|
|
|
|
1,301,000
|
Series 2018-H4, Class C, 5.05%, due 12/15/2051
|
1,208,715
(e)
|
|
|
|
|
NXPT Commercial Mortgage Trust
|
|
|
|
|
2,420,000
|
Series 2024-STOR, Class C, 4.98%, due 11/5/2041
|
2,369,899
(d)(e)
|
|
|
|
3,743,616
|
Series 2024-STOR, Class D, 5.65%, due 11/5/2041
|
3,698,292
(d)(e)
|
|
|
|
|
NYC Commercial Mortgage Trust
|
|
|
|
|
4,651,000
|
Series 2025-3BP, Class C, (1 mo. USD Term SOFR + 1.89%), 5.57%, due
2/15/2042
|
4,656,814
(d)(f)
|
|
|
|
5,166,000
|
Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), 6.12%, due 2/15/2042
|
5,178,915
(d)(f)
|
|
|
|
|
One Market Plaza Trust
|
|
|
|
|
2,585,000
|
Series 2017-1MKT, Class B, 3.85%, due 2/10/2032
|
2,469,256
(d)
|
|
|
|
2,807,000
|
Series 2017-1MKT, Class C, 4.02%, due 2/10/2032
|
2,660,255
(d)
|
|
|
|
2,476,000
|
Series 2017-1MKT, Class D, 4.15%, due 2/10/2032
|
2,327,983
(d)
|
|
|
|
6,725,000
|
ONNI Commercial Mortgage Trust, Series 2024-APT, Class C, 6.43%, due 7/15/2039
|
6,748,099
(d)(e)
|
|
|
|
|
PENN Commercial Mortgage Trust
|
|
|
|
|
2,191,000
|
Series 2025-P11, Class C, 6.51%, due 8/10/2042
|
2,241,595
(d)(e)
|
|
|
|
3,878,000
|
Series 2025-P11, Class D, 7.38%, due 8/10/2042
|
3,978,975
(d)(e)
|
|
|
|
9,430,000
|
PRM Trust, Series 2025-PRM6, Class E, 6.58%, due 7/5/2033
|
9,391,354
(d)(e)
|
|
|
|
14,793,000
|
ROCK Trust, Series 2024-CNTR, Class D, 7.11%, due 11/13/2041
|
15,235,420
(d)
|
|
|
|
|
SFO Commercial Mortgage Trust
|
|
|
|
|
5,365,000
|
Series 2021-555, Class B, (1 mo. USD Term SOFR + 1.86%), 5.54%, due
5/15/2038
|
5,358,294
(d)(f)
|
|
|
|
3,810,000
|
Series 2021-555, Class C, (1 mo. USD Term SOFR + 2.16%), 5.84%, due
5/15/2038
|
3,802,856
(d)(f)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Commercial Mortgage-Backed – cont'd
|
|
|||
|
$
|
6,077,000
|
Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.76%), 6.44%, due
5/15/2038
|
$6,063,707
(d)(f)
|
|
|
|
6,900,000
|
SLG Office Trust, Series 2026-OMA, Class D, 5.79%, due 4/15/2041
|
6,851,755
(d)(e)
|
|
|
|
7,187,163
|
SMRT Commercial Mortgage Trust, Series 2022-MINI, Class E, (1 mo. USD Term
SOFR + 2.70%), 6.38%, due 1/15/2039
|
7,173,687
(d)(f)
|
|
|
|
3,121,000
|
TCO Commercial Mortgage Trust, Series 2024-DPM, Class C, (1 mo. USD Term
SOFR + 1.99%), 5.67%, due 12/15/2039
|
3,124,897
(d)(f)
|
|
|
|
|
TRTX Issuer Ltd.
|
|
|
|
|
4,876,000
|
Series 2025-FL7, Class C, (1 mo. USD Term SOFR + 2.20%), 5.87%, due
6/18/2043
|
4,895,965
(d)(f)
|
|
|
|
4,660,000
|
Series 2025-FL7, Class D, (1 mo. USD Term SOFR + 2.65%), 6.32%, due
6/18/2043
|
4,657,969
(d)(f)
|
|
|
|
2,069,000
|
Series 2025-FL7, Class E, (1 mo. USD Term SOFR + 3.25%), 6.92%, due
6/18/2043
|
2,072,943
(d)(f)
|
|
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
|
2,914,000
|
Series 2024-1CHI, Class D, 6.71%, due 7/15/2035
|
2,920,285
(d)(e)
|
|
|
|
1,730,000
|
Series 2016-NXS6, Class C, 4.54%, due 11/15/2049
|
1,681,371
(e)
|
|
|
|
2,770,000
|
Series 2017-C39, Class C, 4.12%, due 9/15/2050
|
2,542,910
|
|
|
|
5,086,000
|
Series 2025-5C3, Class C, 6.23%, due 1/15/2058
|
5,027,164
(e)
|
|
|
|
|
WF-RBS Commercial Mortgage Trust
|
|
|
|
|
102,868,000
|
Series 2013-C14, Class XB, 0.00%, due 6/15/2046
|
1,029
(e)(g)
|
|
|
|
61,315
|
Series 2014-C22, Class XA, 0.24%, due 9/15/2057
|
1
(e)(g)
|
|
|
|
|
|
471,309,152
|
|
|
Federal Home Loan Mortgage Corp. 3.8%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
41,751,746
|
2.50%, due 12/1/2050 - 10/1/2052
|
34,229,590
|
|
|
|
28,835,136
|
3.00%, due 11/1/2050 - 9/1/2052
|
24,728,432
|
|
|
|
22,175,318
|
3.50%, due 5/1/2052 - 8/1/2053
|
19,686,623
|
|
|
|
17,711,012
|
4.00%, due 9/1/2052 - 1/1/2055
|
16,240,357
|
|
|
|
23,283,287
|
4.50%, due 8/1/2052 - 12/1/2054
|
21,951,797
|
|
|
|
68,614,506
|
5.00%, due 10/1/2052 - 1/1/2056
|
66,541,923
|
|
|
|
94,036,115
|
5.50%, due 11/1/2052 - 7/1/2056
|
93,508,721
|
|
|
|
34,834,644
|
6.00%, due 12/1/2052 - 4/1/2054
|
35,473,843
|
|
|
|
|
|
312,361,286
|
|
|
Federal National Mortgage Association 6.5%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
57,496,834
|
2.50%, due 5/1/2051 - 1/1/2054
|
47,268,885
|
|
|
|
82,452,142
|
3.00%, due 6/1/2050 - 3/1/2053
|
70,639,085
|
|
|
|
51,665,874
|
3.50%, due 8/1/2051 - 7/1/2052
|
46,033,842
|
|
|
|
38,067,605
|
4.00%, due 2/1/2052 - 2/1/2054
|
34,873,884
|
|
|
|
83,761,507
|
4.50%, due 7/1/2052 - 3/1/2055
|
79,103,247
|
|
|
|
84,380,326
|
5.00%, due 8/1/2052 - 2/1/2056
|
81,801,907
|
|
|
|
120,615,797
|
5.50%, due 12/1/2052 - 12/1/2055
|
119,958,488
|
|
|
|
52,497,982
|
6.00%, due 1/1/2053 - 6/1/2056
|
53,515,011
|
|
|
|
|
|
533,194,349
|
|
|
Government National Mortgage Association 2.5%
|
|
|||
|
|
|
Pass-Through Certificates
|
|
|
|
|
167
|
7.00%, due 8/15/2032
|
173
|
|
|
|
14,215,000
|
4.50%, TBA, 30 Year Maturity
|
13,321,539
(h)
|
|
|
Principal Amount(a)
|
Value
|
|||||
|
|
||||||
|
Government National Mortgage Association – cont'd
|
|
|||||
|
$
|
108,535,000
|
5.00%, TBA, 30 Year Maturity
|
$105,004,590
(h)
|
|||
|
|
90,595,000
|
5.50%, TBA, 30 Year Maturity
|
89,995,684
(h)
|
|||
|
|
|
|
208,321,986
|
|||
|
Uniform Mortgage-Backed Securities 12.6%
|
|
|||||
|
|
|
Pass-Through Certificates
|
|
|||
|
|
17,070,000
|
4.00%, TBA, 30 Year Maturity
|
15,581,443
(h)
|
|||
|
|
180,460,000
|
4.50%, TBA, 30 Year Maturity
|
169,438,934
(h)
|
|||
|
|
265,945,000
|
5.00%, TBA, 30 Year Maturity
|
256,627,870
(h)
|
|||
|
|
379,740,000
|
5.50%, TBA, 30 Year Maturity
|
375,792,694
(h)
|
|||
|
|
214,615,000
|
6.00%, TBA, 30 Year Maturity
|
216,978,280
(h)
|
|||
|
|
|
|
1,034,419,221
|
|||
|
Total Mortgage-Backed Securities (Cost $3,612,008,422)
|
3,538,560,736
|
|||||
|
Asset-Backed Securities 12.0%
|
|
|
|
|||
|
Automobiles 1.2%
|
|
|
|
|||
|
|
170,000
|
Ally Auto Receivables Trust, Series 2026-1, Class A2, 3.91%, due 11/15/2028
|
169,790
|
|||
|
|
|
Ally Bank Auto Credit-Linked Notes
|
|
|||
|
|
301,277
|
Series 2024-A, Class D, 6.32%, due 5/17/2032
|
304,513
(d)
|
|||
|
|
913,988
|
Series 2024-A, Class E, 7.92%, due 5/17/2032
|
930,064
(d)
|
|||
|
|
328,367
|
Series 2024-B, Class C, 5.22%, due 9/15/2032
|
329,695
(d)
|
|||
|
|
1,385,036
|
Series 2024-B, Class E, 6.68%, due 9/15/2032
|
1,392,269
(d)
|
|||
|
|
3,381,144
|
Series 2025-A, Class D, 4.99%, due 6/15/2033
|
3,369,467
(d)
|
|||
|
|
3,898,827
|
Series 2026-A, Class D, 5.25%, due 3/15/2034
|
3,886,301
(d)
|
|||
|
|
3,423,000
|
Avis Budget Rental Car Funding AESOP LLC, Series 2023-1A, Class C, 6.23%, due
4/20/2029
|
3,463,388
(d)
|
|||
|
|
787,497
|
Bayview Opportunity Master Fund VII LLC, Series 2024-CAR1, Class C, (30 day USD
SOFR Average + 1.50%), 5.12%, due 12/26/2031
|
789,776
(d)(f)
|
|||
|
|
305,000
|
BMW Vehicle Lease Trust, Series 2026-1, Class A2A, 4.03%, due 7/25/2028
|
304,424
|
|||
|
|
159,000
|
BofA Auto Trust, Series 2026-1A, Class A2A, 4.10%, due 11/15/2028
|
158,863
(d)
|
|||
|
|
|
Bridgecrest Lending Auto Securitization Trust
|
|
|||
|
|
6,190,000
|
Series 2025-4, Class D, 5.41%, due 8/15/2031
|
6,178,199
|
|||
|
|
500,000
|
Series 2026-1, Class D, 4.99%, due 11/17/2031
|
492,180
|
|||
|
|
|
CarMax Auto Owner Trust
|
|
|||
|
|
295,930
|
Series 2025-3, Class A2B, (30 day USD SOFR Average + 0.37%), 4.00%, due
8/15/2028
|
295,959
(f)
|
|||
|
|
183,000
|
Series 2026-2, Class A2A, 4.11%, due 8/15/2029
|
182,647
|
|||
|
|
235,281
|
Chase Auto Credit Linked Notes, Series 2025-1, Class B, 4.75%, due 2/25/2033
|
234,789
(d)
|
|||
|
|
|
Exeter Automobile Receivables Trust
|
|
|||
|
|
14,653,000
|
Series 2025-1A, Class D, 5.49%, due 5/15/2031
|
14,778,460
|
|||
|
|
500,000
|
Series 2026-1A, Class D, 5.00%, due 5/17/2032
|
492,479
|
|||
|
|
|
Exeter Select Automobile Receivables Trust
|
|
|||
|
|
500,000
|
Series 2025-2, Class A3, 4.43%, due 8/15/2030
|
499,387
|
|||
|
|
4,656,000
|
Series 2025-2, Class C, 4.91%, due 12/15/2031
|
4,638,549
|
|||
|
|
|
Ford Credit Auto Owner Trust
|
|
|||
|
|
76,391
|
Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.41%), 4.04%, due
12/15/2027
|
76,411
(f)
|
|||
|
|
549,336
|
Series 2025-C, Class A2B, (30 day USD SOFR Average + 0.36%), 3.99%, due
9/15/2028
|
549,310
(f)
|
|||
|
|
284,201
|
Series 2024-C, Class A3, 4.07%, due 7/15/2029
|
283,923
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Automobiles – cont'd
|
|
|
|
|||
|
|
|
GLS Auto Receivables Issuer Trust
|
|
|||
|
$
|
334,000
|
Series 2025-2A, Class A3, 4.75%, due 1/16/2029
|
$334,497
(d)
|
|||
|
|
3,479,000
|
Series 2025-2A, Class D, 5.59%, due 1/15/2031
|
3,493,141
(d)
|
|||
|
|
|
GLS Auto Select Receivables Trust
|
|
|||
|
|
378,069
|
Series 2025-3A, Class A2, 4.46%, due 10/15/2030
|
377,836
(d)
|
|||
|
|
2,771,000
|
Series 2024-4A, Class D, 5.28%, due 10/15/2031
|
2,759,266
(d)
|
|||
|
|
300,000
|
GM Financial Automobile Leasing Trust, Series 2026-2, Class A2A, 4.12%, due
7/20/2028
|
299,419
|
|||
|
|
190,000
|
GM Financial Consumer Automobile Receivables Trust, Series 2026-2, Class A2A,
4.05%, due 5/16/2029
|
189,554
|
|||
|
|
63,462
|
Harley-Davidson Motorcycle Trust, Series 2025-A, Class A2A, 4.71%, due 7/17/2028
|
63,510
|
|||
|
|
|
Huntington Bank Auto Credit-Linked Notes
|
|
|||
|
|
2,799,045
|
Series 2024-1, Class B1, 6.15%, due 5/20/2032
|
2,820,691
(d)
|
|||
|
|
934,095
|
Series 2024-2, Class C, (30 day USD SOFR Average + 2.60%), 6.22%, due
10/20/2032
|
936,612
(d)(f)
|
|||
|
|
|
Hyundai Auto Receivables Trust
|
|
|||
|
|
59,750
|
Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.34%), 3.97%, due
12/15/2027
|
59,751
(f)
|
|||
|
|
418,788
|
Series 2025-C, Class A2B, (30 day USD SOFR Average + 0.35%), 3.98%, due
7/17/2028
|
418,802
(f)
|
|||
|
|
237,000
|
M&T Bank Auto Receivables Trust, Series 2026-1A, Class A2, 4.33%, due 7/16/2029
|
237,048
(d)
|
|||
|
|
278,000
|
Mercedes-Benz Auto Receivables Trust, Series 2026-1, Class A2A, 4.13%, due
1/16/2029
|
277,571
|
|||
|
|
123,000
|
Nissan Auto Lease Trust, Series 2026-A, Class A2A, 3.90%, due 5/15/2028
|
122,649
|
|||
|
|
|
Nissan Auto Receivables Owner Trust
|
|
|||
|
|
554,291
|
Series 2025-B, Class A2B, (30 day USD SOFR Average + 0.38%), 4.01%, due
7/17/2028
|
554,561
(f)
|
|||
|
|
152,000
|
Series 2026-A, Class A2A, 4.19%, due 3/15/2029
|
151,886
|
|||
|
|
338,000
|
PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, due
7/15/2030
|
335,610
(d)
|
|||
|
|
15,813,000
|
Santander Drive Auto Receivables Trust, Series 2025-1, Class D, 5.43%, due
3/17/2031
|
15,922,885
|
|||
|
|
2,214,000
|
SCCU Auto Receivables Trust, Series 2025-1A, Class C, 5.08%, due 2/17/2032
|
2,194,439
(d)
|
|||
|
|
685,000
|
SFS Auto Receivables Securitization Trust, Series 2026-1A, Class A2B, (30 day USD
SOFR Average + 0.46%), 4.08%, due 8/20/2029
|
685,594
(d)(f)
|
|||
|
|
305,000
|
Stellantis Financial Underwritten Enhanced Lease Trust, Series 2026-AA, Class A2A,
4.21%, due 1/22/2029
|
304,306
(d)
|
|||
|
|
|
Toyota Auto Receivables Owner Trust
|
|
|||
|
|
26,355
|
Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.33%), 3.96%, due
11/15/2027
|
26,356
(f)
|
|||
|
|
300,000
|
Series 2026-B, Class A2A, 4.04%, due 2/15/2029
|
299,439
|
|||
|
|
375,953
|
Toyota Lease Owner Trust, Series 2025-B, Class A2B, (30 day USD SOFR Average +
0.34%), 3.96%, due 5/22/2028
|
376,068
(d)(f)
|
|||
|
|
5,057,290
|
U.S. Bank NA, Series 2026-RVM1, Class B1, 4.96%, due 12/25/2046
|
4,970,746
(d)
|
|||
|
|
453,033
|
Volkswagen Auto Lease Trust, Series 2025-B, Class A2B, (30 day USD SOFR
Average + 0.37%), 3.99%, due 4/20/2028
|
453,202
(f)
|
|||
|
|
|
Volkswagen Auto Loan Enhanced Trust
|
|
|||
|
|
19,127
|
Series 2024-1, Class A2B, (30 day USD SOFR Average + 0.36%), 3.98%, due
11/22/2027
|
19,129
(f)
|
|||
|
|
59,730
|
Series 2025-1, Class A2B, (30 day USD SOFR Average + 0.44%), 4.06%, due
1/20/2028
|
59,743
(f)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Automobiles – cont'd
|
|
|
|
|||
|
$
|
489,526
|
Series 2025-2, Class A2B, (30 day USD SOFR Average + 0.37%), 3.99%, due
8/21/2028
|
$489,633
(f)
|
|||
|
|
|
Westlake Automobile Receivables Trust
|
|
|||
|
|
500,000
|
Series 2025-1A, Class D, 5.54%, due 11/15/2030
|
504,318
(d)
|
|||
|
|
9,527,000
|
Series 2025-2A, Class D, 5.08%, due 5/15/2031
|
9,504,045
(d)
|
|||
|
|
500,000
|
Series 2026-1A, Class D, 4.75%, due 7/15/2031
|
493,079
(d)
|
|||
|
|
|
World Omni Auto Receivables Trust
|
|
|||
|
|
27,253
|
Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.33%), 3.96%, due
4/17/2028
|
27,254
(f)
|
|||
|
|
307,000
|
Series 2026-B, Class A2A, 4.11%, due 6/15/2029
|
306,614
|
|||
|
|
65,454
|
World Omni Automobile Lease Securitization Trust, Series 2025-A, Class A2B, (30
day USD SOFR Average + 0.39%), 4.02%, due 12/15/2027
|
65,462
(f)
|
|||
|
|
|
|
93,935,559
|
|||
|
Credit Card 0.0%‡
|
|
|
|
|||
|
|
275,000
|
Citibank Credit Card Issuance Trust, Series 2017-A6, Class A6, (1 mo. USD Term
SOFR + 0.88%), 4.54%, due 5/14/2029
|
276,340
(f)
|
|||
|
|
595,000
|
Evergreen Credit Card Trust, Series 2025-1A, Class A, (Secured Overnight Financing
Rate + 0.59%), 4.22%, due 10/15/2029
|
596,568
(d)(f)
|
|||
|
|
|
|
872,908
|
|||
|
Home Equity 0.7%
|
|
|
|
|||
|
|
|
JP Morgan Mortgage Trust
|
|
|||
|
|
1,297,221
|
Series 2023-HE2, Class M1, (30 day USD SOFR Average + 2.25%), 5.87%, due
3/20/2054
|
1,300,424
(d)(f)
|
|||
|
|
1,877,112
|
Series 2023-HE3, Class M1, (30 day USD SOFR Average + 2.10%), 5.72%, due
5/20/2054
|
1,883,716
(d)(f)
|
|||
|
|
464,946
|
Series 2023-HE3, Class M2, (30 day USD SOFR Average + 2.50%), 6.12%, due
5/20/2054
|
467,127
(d)(f)
|
|||
|
|
1,753,869
|
Series 2024-HE1, Class M1, (30 day USD SOFR Average + 2.00%), 5.62%, due
8/25/2054
|
1,761,489
(d)(f)
|
|||
|
|
1,306,454
|
Series 2024-HE1, Class M2, (30 day USD SOFR Average + 2.40%), 6.02%, due
8/25/2054
|
1,314,604
(d)(f)
|
|||
|
|
422,663
|
Series 2024-HE2, Class A1, (30 day USD SOFR Average + 1.20%), 4.82%, due
10/20/2054
|
423,191
(d)(f)
|
|||
|
|
502,423
|
Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.15%), 4.77%, due
7/20/2055
|
502,729
(d)(f)
|
|||
|
|
1,691,457
|
Series 2025-HE3, Class A1, (30 day USD SOFR Average + 1.35%), 4.97%, due
3/20/2056
|
1,700,397
(d)(f)
|
|||
|
|
6,045,000
|
Series 2025-HE3, Class M1, (30 day USD SOFR Average + 1.45%), 5.07%, due
3/20/2056
|
6,051,881
(d)(f)
|
|||
|
|
5,781,000
|
Series 2025-HE3, Class M2, (30 day USD SOFR Average + 1.70%), 5.32%, due
3/20/2056
|
5,797,422
(d)(f)
|
|||
|
|
6,595,000
|
Series 2025-HE3, Class M3, (30 day USD SOFR Average + 2.10%), 5.72%, due
3/20/2056
|
6,613,578
(d)(f)
|
|||
|
|
|
OBX Trust
|
|
|||
|
|
3,679,816
|
Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.60%), 5.22%, due
2/25/2055
|
3,695,158
(d)(f)
|
|||
|
|
1,874,000
|
Series 2025-HE1, Class M1, (30 day USD SOFR Average + 1.90%), 5.52%, due
2/25/2055
|
1,884,419
(d)(f)
|
|||
|
|
|
RCKT Mortgage Trust
|
|
|||
|
|
1,848,206
|
Series 2025-CES10, Class A1A, 4.89%, due 11/25/2055
|
1,829,301
(d)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Home Equity – cont'd
|
|
|
|
|||
|
$
|
5,683,370
|
Series 2025-CES11, Class A1A, 4.97%, due 11/25/2055
|
$5,621,004
(d)
|
|||
|
|
5,570,719
|
Series 2025-CES11, Class A1B, 5.12%, due 11/25/2055
|
5,508,431
(d)
|
|||
|
|
2,315,000
|
Series 2025-CES10, Class A2, 5.16%, due 11/25/2055
|
2,271,716
(d)
|
|||
|
|
1,724,000
|
Series 2025-CES11, Class A2, 5.23%, due 11/25/2055
|
1,696,677
(d)
|
|||
|
|
5,775,000
|
Series 2025-CES10, Class A3, 5.31%, due 11/25/2055
|
5,667,228
(d)
|
|||
|
|
1,950,000
|
Series 2025-CES11, Class A3, 5.38%, due 11/25/2055
|
1,919,099
(d)
|
|||
|
|
899,020
|
Series 2026-CES1, Class A1A, 4.83%, due 1/25/2056
|
886,903
(d)
|
|||
|
|
|
Towd Point Mortgage Trust
|
|
|||
|
|
436,168
|
Series 2024-CES1, Class A1A, 5.85%, due 1/25/2064
|
436,153
(d)
|
|||
|
|
527,763
|
Series 2024-CES1, Class A1B, 6.05%, due 1/25/2064
|
527,754
(d)
|
|||
|
|
|
|
59,760,401
|
|||
|
Other 10.1%
|
|
|
|
|||
|
|
3,000,000
|
1988 CLO 1 Ltd., Series 2022-1A, Class ER, (3 mo. USD Term SOFR + 6.10%),
9.85%, due 10/15/2039
|
2,927,809
(d)(f)
|
|||
|
|
1,500,000
|
1988 CLO 2 Ltd., Series 2023-2A, Class ER, (3 mo. USD Term SOFR + 5.25%),
9.00%, due 4/15/2038
|
1,450,371
(d)(f)
|
|||
|
|
5,760,274
|
AASET Trust, Series 2025-1A, Class A, 5.94%, due 2/16/2050
|
5,762,005
(d)
|
|||
|
|
1,000,000
|
AB BSL CLO 5 Ltd., Series 2024-5A, Class E, (3 mo. USD Term SOFR + 6.10%),
9.83%, due 1/20/2038
|
972,840
(d)(f)
|
|||
|
|
6,000,000
|
AGL CLO 15 Ltd., Series 2021-15A, Class D1R, (3 mo. USD Term SOFR + 2.60%),
6.33%, due 1/20/2039
|
6,005,066
(d)(f)
|
|||
|
|
1,570,000
|
AGL CLO 33 Ltd., Series 2024-33A, Class A1, (3 mo. USD Term SOFR + 1.35%),
5.08%, due 7/21/2037
|
1,571,905
(d)(f)
|
|||
|
|
|
AIMCO CLO
|
|
|||
|
|
1,000,000
|
Series 2018-AA, Class ER, (3 mo. USD Term SOFR + 5.25%), 9.00%, due
10/17/2037
|
995,096
(d)(f)
|
|||
|
|
1,000,000
|
Series 2017-AA, Class D1R2, (3 mo. USD Term SOFR + 2.40%), 6.13%, due
1/20/2038
|
999,925
(d)(f)
|
|||
|
|
2,000,000
|
AIMCO CLO 23 Ltd., Series 2025-23A, Class D1, (3 mo. USD Term SOFR + 2.40%),
6.13%, due 4/20/2038
|
1,990,501
(d)(f)
|
|||
|
|
3,000,000
|
American Airlines Pass Through Trust, 5.61%, due 4/15/2031
|
2,940,647
|
|||
|
|
1,000,000
|
Amur Equipment Finance Receivables XIII LLC, Series 2024-1A, Class C, 5.55%, due
1/21/2031
|
1,007,847
(d)
|
|||
|
|
2,000,000
|
Apidos CLO LII Ltd., Series 2025-52A, Class D1, (3 mo. USD Term SOFR + 2.40%),
6.13%, due 4/20/2038
|
2,003,291
(d)(f)
|
|||
|
|
|
Apidos CLO LV
|
|
|||
|
|
3,500,000
|
Series 2025-55A, Class A1, (3 mo. USD Term SOFR + 1.21%), 4.94%, due
1/20/2039
|
3,501,840
(d)(f)
|
|||
|
|
1,875,000
|
Series 2025-55A, Class E, (3 mo. USD Term SOFR + 4.60%), 8.33%, due
1/20/2039
|
1,856,434
(d)(f)
|
|||
|
|
4,000,000
|
Apidos CLO XLVI Ltd., Series 2023-46A, Class A1R, (3 mo. USD Term SOFR +
1.20%), 4.98%, due 10/24/2038
|
4,001,023
(d)(f)
|
|||
|
|
2,650,000
|
ARES LVI CLO Ltd., Series 2020-56A, Class D1R2, (3 mo. USD Term SOFR + 2.85%),
6.66%, due 1/25/2038
|
2,645,428
(d)(f)
|
|||
|
EUR
|
1,350,000
|
Armada Euro CLO VI DAC, Series 6A, Class DR, (3 mo. EUR EURIBOR + 2.70%),
5.13%, due 4/15/2039
|
1,552,510
(d)(f)
|
|||
|
EUR
|
1,100,000
|
Avoca CLO XXXIV DAC, Series 34A, Class E, (3 mo. EUR EURIBOR + 5.40%), 7.52%,
due 1/15/2038
|
1,274,538
(d)(f)
|
|||
|
EUR
|
4,400,000
|
Avoca CLO XXXV DAC, Series 35A, Class D, (3 mo. EUR EURIBOR + 2.60%), 4.80%,
due 4/15/2039
|
5,102,087
(d)(f)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
|
|
Bain Capital Credit CLO Ltd.
|
|
|||
|
$
|
2,000,000
|
Series 2024-4A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.85%, due
10/23/2037
|
$1,965,659
(d)(f)
|
|||
|
|
1,500,000
|
Series 2025-3A, Class E, (3 mo. USD Term SOFR + 5.45%), 9.20%, due 7/23/2038
|
1,494,649
(d)(f)
|
|||
|
|
1,000,000
|
Series 2025-4A, Class E, (3 mo. USD Term SOFR + 4.95%), 8.70%, due 1/17/2039
|
989,474
(d)(f)
|
|||
|
|
5,625,000
|
Series 2026-1A, Class D1, (3 mo. USD Term SOFR + 2.45%), 6.13%, due
4/26/2039
|
5,593,058
(d)(f)
|
|||
|
|
1,000,000
|
Ballyrock CLO 14 Ltd., Series 2020-14A, Class C1R, (3 mo. USD Term SOFR +
3.00%), 6.73%, due 7/20/2037
|
999,594
(d)(f)
|
|||
|
|
1,000,000
|
Ballyrock CLO 26 Ltd., Series 2024-26A, Class D, (3 mo. USD Term SOFR + 6.10%),
9.91%, due 7/25/2037
|
999,832
(d)(f)
|
|||
|
|
1,000,000
|
Ballyrock CLO Ltd., Series 2024-26AR, Class DR, (3 mo. USD Term SOFR + 5.90%),
5.90%, due 7/25/2039
|
1,000,000
(d)(f)(i)
|
|||
|
|
|
Barings CLO Ltd.
|
|
|||
|
|
2,750,000
|
Series 2025-3A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.73%, due 3/31/2038
|
2,754,598
(d)(f)
|
|||
|
|
3,200,000
|
Series 2025-2A, Class E, (3 mo. USD Term SOFR + 5.75%), 9.48%, due 7/20/2038
|
3,226,520
(d)(f)
|
|||
|
|
1,800,000
|
Series 2025-5A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.75%, due
10/15/2038
|
1,801,364
(d)(f)
|
|||
|
|
5,200,000
|
Series 2026-1A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.76%, due
4/15/2039
|
5,214,196
(d)(f)
|
|||
|
|
1,500,000
|
Benefit Street Partners CLO 43 Ltd., Series 2025-43A, Class E, (3 mo. USD Term
SOFR + 4.70%), 8.43%, due 10/20/2038
|
1,485,065
(d)(f)
|
|||
|
|
1,000,000
|
Benefit Street Partners CLO 44 Ltd., Series 2025-44A, Class E, (3 mo. USD Term
SOFR + 4.70%), 8.45%, due 1/15/2039
|
990,747
(d)(f)
|
|||
|
|
4,500,000
|
Benefit Street Partners CLO 47 Ltd., Series 2026-47A, Class D1, (3 mo. USD Term
SOFR + 2.30%), 6.05%, due 4/15/2039
|
4,479,015
(d)(f)
|
|||
|
|
2,500,000
|
Benefit Street Partners CLO XVII Ltd., Series 2019-17A, Class D1R2, (3 mo. USD
Term SOFR + 3.15%), 6.90%, due 10/15/2037
|
2,506,806
(d)(f)
|
|||
|
|
1,000,000
|
Benefit Street Partners CLO XX Ltd., Series 2020-20A, Class ERR, (3 mo. USD Term
SOFR + 4.90%), 8.65%, due 10/15/2038
|
987,440
(d)(f)
|
|||
|
|
|
BlackRock European CLO XVI DAC
|
|
|||
|
EUR
|
3,000,000
|
Series 16A, Class D, (3 mo. EUR EURIBOR + 3.05%), 5.48%, due 1/15/2039
|
3,463,137
(d)(f)
|
|||
|
EUR
|
2,750,000
|
Series 16A, Class E, (3 mo. EUR EURIBOR + 5.40%), 7.83%, due 1/15/2039
|
3,169,968
(d)(f)
|
|||
|
$
|
6,350,000
|
Blue Stream Issuer LLC, Series 2024-1A, Class A2, 5.41%, due 11/20/2054
|
6,353,537
(d)
|
|||
|
EUR
|
2,250,000
|
Bridgepoint CLO VI DAC, Series 6A, Class DR, (3 mo. EUR EURIBOR + 3.05%),
5.48%, due 3/15/2038
|
2,601,445
(d)(f)
|
|||
|
|
|
Business Jet Securities LLC
|
|
|||
|
$
|
3,702,193
|
Series 2024-1A, Class A, 6.20%, due 5/15/2039
|
3,735,765
(d)
|
|||
|
|
1,171,523
|
Series 2024-1A, Class C, 9.13%, due 5/15/2039
|
1,186,959
(d)
|
|||
|
|
3,081,561
|
Series 2024-2A, Class B, 5.75%, due 9/15/2039
|
3,059,109
(d)
|
|||
|
|
|
Canyon CLO Ltd.
|
|
|||
|
|
500,000
|
Series 2025-1A, Class D1, (3 mo. USD Term SOFR + 2.75%), 6.50%, due
4/15/2038
|
500,068
(d)(f)
|
|||
|
|
1,125,000
|
Series 2025-1A, Class E, (3 mo. USD Term SOFR + 4.75%), 8.50%, due 4/15/2038
|
1,111,274
(d)(f)
|
|||
|
|
3,000,000
|
Series 2025-3A, Class D1, (3 mo. USD Term SOFR + 2.70%), 6.45%, due
1/15/2039
|
3,004,924
(d)(f)
|
|||
|
|
3,300,000
|
Series 2025-3A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.75%, due 1/15/2039
|
3,277,841
(d)(f)
|
|||
|
|
|
Castlelake Aircraft Structured Trust
|
|
|||
|
|
3,939,635
|
Series 2025-1A, Class C, 7.75%, due 2/15/2050
|
3,902,127
(d)
|
|||
|
|
4,722,528
|
Series 2025-2A, Class A, 5.47%, due 8/15/2050
|
4,696,742
(d)
|
|||
|
|
5,058,533
|
Series 2026-2A, Class A, 5.33%, due 4/15/2051
|
4,991,660
(d)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
|
|
CCG Receivables Trust
|
|
|||
|
$
|
3,777
|
Series 2023-1, Class A2, 5.82%, due 9/16/2030
|
$3,779
(d)
|
|||
|
|
745,174
|
Series 2025-1, Class A2, 4.48%, due 10/14/2032
|
745,591
(d)
|
|||
|
|
|
Centersquare Issuer LLC
|
|
|||
|
|
6,461,538
|
Series 2025-4A, Class A2, 5.20%, due 8/25/2055
|
5,961,198
|
|||
|
|
4,000,000
|
Series 2025-7A, Class A2, 5.80%, due 12/27/2055
|
3,796,464
|
|||
|
EUR
|
1,600,000
|
CIFC European Funding CLO VIII DAC, Series 8A, Class D, (3 mo. EUR EURIBOR +
2.95%), 5.15%, due 4/15/2039
|
1,842,840
(d)(f)
|
|||
|
|
|
CIFC Funding Ltd.
|
|
|||
|
$
|
2,000,000
|
Series 2024-4A, Class D1, (3 mo. USD Term SOFR + 2.95%), 6.74%, due
10/16/2037
|
2,007,988
(d)(f)
|
|||
|
|
3,500,000
|
Series 2015-4A, Class D1R3, (3 mo. USD Term SOFR + 2.60%), 6.35%, due
1/17/2039
|
3,503,657
(d)(f)
|
|||
|
|
2,350,000
|
Series 2023-3A, Class D1R, (3 mo. USD Term SOFR + 2.40%), 6.13%, due
1/20/2039
|
2,347,343
(d)(f)
|
|||
|
|
3,435,000
|
Cloud Capital Holdco LP, Series 2024-1A, Class A2, 5.78%, due 11/22/2049
|
3,427,593
(d)
|
|||
|
|
1,500,000
|
Clover CLO LLC, Series 2020-1A, Class DRR, (3 mo. USD Term SOFR + 3.10%),
6.72%, due 7/15/2037
|
1,465,247
(d)(f)
|
|||
|
|
89,948
|
CNH Equipment Trust, Series 2025-A, Class A2B, (30 day USD SOFR Average +
0.33%), 3.96%, due 8/15/2028
|
89,966
(f)
|
|||
|
|
|
Compass Datacenters Issuer II LLC
|
|
|||
|
|
3,335,000
|
Series 2024-1A, Class A1, 5.25%, due 2/25/2049
|
3,322,649
(d)
|
|||
|
|
2,712,000
|
Series 2024-1A, Class A2, 5.75%, due 2/25/2049
|
2,719,536
(d)
|
|||
|
|
2,760,000
|
Series 2024-1A, Class B, 7.00%, due 2/25/2049
|
2,782,190
(d)
|
|||
|
|
7,780,000
|
Series 2024-2A, Class A1, 5.02%, due 8/25/2049
|
7,669,571
(d)
|
|||
|
|
|
Compass Datacenters Issuer III LLC
|
|
|||
|
|
7,837,000
|
Series 2026-1A, Class A22, 5.29%, due 2/25/2056
|
7,674,002
(d)
|
|||
|
|
5,886,000
|
Series 2026-1A, Class A23, 5.44%, due 2/25/2056
|
5,727,390
(d)
|
|||
|
|
|
Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC
|
|
|||
|
|
10,519,000
|
Series 2025-1A, Class A2, 6.00%, due 5/20/2055
|
10,613,868
(d)
|
|||
|
|
6,600,000
|
Series 2025-1A, Class C, 9.41%, due 5/20/2055
|
6,825,761
(d)
|
|||
|
|
3,837,000
|
Series 2026-1A, Class B, 5.42%, due 3/20/2056
|
3,726,948
(d)
|
|||
|
|
3,000,000
|
Crown City CLO III, Series 2021-1A, Class C, (3 mo. USD Term SOFR + 3.56%),
7.24%, due 7/20/2034
|
2,979,100
(d)(f)
|
|||
|
|
1,500,000
|
Crown City CLO VI, Series 2024-6A, Class D1, (3 mo. USD Term SOFR + 3.50%),
7.25%, due 7/15/2037
|
1,493,147
(d)(f)
|
|||
|
EUR
|
4,000,000
|
CVC Cordatus Loan Fund XVI DAC, Series 16A, Class DR, (3 mo. EUR EURIBOR +
2.70%), 4.74%, due 3/17/2039
|
4,591,534
(d)(f)
|
|||
|
EUR
|
2,000,000
|
CVC Cordatus Loan Fund XXXVII DAC, Series 37A, Class E, (3 mo. EUR EURIBOR +
5.40%), 7.83%, due 1/15/2040
|
2,328,403
(d)(f)
|
|||
|
|
|
CyrusOne Data Centers Issuer I LLC
|
|
|||
|
$
|
2,650,000
|
Series 2023-1A, Class A2, 4.30%, due 4/20/2048
|
2,593,657
(d)
|
|||
|
|
2,422,000
|
Series 2023-2A, Class A2, 5.56%, due 11/20/2048
|
2,425,978
(d)
|
|||
|
|
130,000
|
Series 2024-1A, Class A2, 4.76%, due 3/22/2049
|
126,936
(d)
|
|||
|
|
9,990,529
|
Series 2024-2A, Class A2, 4.50%, due 5/20/2049
|
9,605,123
(d)
|
|||
|
|
12,021,000
|
Series 2024-3A, Class A2, 4.65%, due 5/20/2049
|
11,372,364
(d)
|
|||
|
|
44,750
|
Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68%, due 7/22/2027
|
44,805
(d)
|
|||
|
|
6,000,000
|
Dewolf Park CLO Ltd., Series 2017-1A, Class D1R2, (3 mo. USD Term SOFR +
2.55%), 6.28%, due 1/22/2039
|
5,954,939
(d)(f)
|
|||
|
|
119,873
|
DLLAD LLC, Series 2025-1A, Class A2, 4.46%, due 11/20/2028
|
119,927
(d)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
300,000
|
Dryden 53 CLO Ltd., Series 2017-53A, Class D, (3 mo. USD Term SOFR + 2.66%),
6.41%, due 1/15/2031
|
$298,752
(d)(f)
|
|||
|
|
|
Eaton Vance CLO Ltd.
|
|
|||
|
|
850,000
|
Series 2015-1A, Class DR, (3 mo. USD Term SOFR + 2.76%), 6.49%, due
1/20/2030
|
851,156
(d)(f)
|
|||
|
|
2,000,000
|
Series 2020-2A, Class D1R2, (3 mo. USD Term SOFR + 3.20%), 6.95%, due
10/15/2037
|
2,004,759
(d)(f)
|
|||
|
|
|
Elmwood CLO 44 Ltd.
|
|
|||
|
|
1,250,000
|
Series 2025-7A, Class D, (3 mo. USD Term SOFR + 2.60%), 6.33%, due
10/20/2038
|
1,250,649
(d)(f)
|
|||
|
|
1,250,000
|
Series 2025-7A, Class E, (3 mo. USD Term SOFR + 4.70%), 8.43%, due
10/20/2038
|
1,244,467
(d)(f)
|
|||
|
|
5,700,000
|
Elmwood CLO 48 Ltd., Series 2026-2A, Class D, (3 mo. USD Term SOFR + 3.10%),
6.77%, due 4/20/2039
|
5,710,035
(d)(f)
|
|||
|
|
1,500,000
|
Empower CLO Ltd., Series 2024-2A, Class D, (3 mo. USD Term SOFR + 3.20%),
6.95%, due 7/15/2037
|
1,499,345
(d)(f)
|
|||
|
EUR
|
6,000,000
|
Fidelity Grand Harbour CLO 8 DAC, Series 8A, Class D, (3 mo. EUR EURIBOR +
2.65%), 4.86%, due 1/15/2040
|
6,885,676
(d)(f)
|
|||
|
$
|
3,000,000
|
Flatiron CLO 20 Ltd., Series 2020-1A, Class D1R2, (3 mo. USD Term SOFR + 2.65%),
6.29%, due 11/20/2038
|
2,991,646
(d)(f)
|
|||
|
|
1,000,000
|
Flatiron RR CLO 27 Ltd., Series 2024-3A, Class D1, (3 mo. USD Term SOFR +
2.90%), 6.63%, due 10/18/2037
|
1,003,116
(d)(f)
|
|||
|
|
|
Foundation Finance Trust
|
|
|||
|
|
3,485,668
|
Series 2024-2A, Class B, 4.93%, due 3/15/2050
|
3,459,739
(d)
|
|||
|
|
1,154,434
|
Series 2024-2A, Class C, 5.32%, due 3/15/2050
|
1,148,090
(d)
|
|||
|
|
4,080,201
|
Series 2024-2A, Class D, 6.59%, due 3/15/2050
|
4,113,125
(d)
|
|||
|
|
619,418
|
Series 2025-1A, Class A, 4.95%, due 4/15/2050
|
615,401
(d)
|
|||
|
|
2,000,000
|
Galaxy 31 CLO Ltd., Series 2023-31A, Class ER, (3 mo. USD Term SOFR + 5.50%),
9.25%, due 7/15/2038
|
1,947,679
(d)(f)
|
|||
|
|
2,500,000
|
Galaxy 36 CLO Ltd., Series 2025-36A, Class A1, (3 mo. USD Term SOFR + 1.23%),
4.98%, due 10/15/2038
|
2,501,924
(d)(f)
|
|||
|
|
6,000,000
|
Garnet CLO 5 Ltd., Series 2026-5A, Class D, (3 mo. USD Term SOFR + 2.30%),
6.01%, due 4/20/2039
|
5,979,092
(d)(f)
|
|||
|
|
|
GoldenTree Loan Management U.S. CLO 19 Ltd.
|
|
|||
|
|
4,000,000
|
Series 2024-19A, Class AR, (3 mo. USD Term SOFR + 1.15%), 4.88%, due
7/20/2039
|
3,996,992
(d)(f)
|
|||
|
|
6,000,000
|
Series 2024-19A, Class DR, (3 mo. USD Term SOFR + 2.30%), 6.03%, due
7/20/2039
|
5,964,934
(d)(f)
|
|||
|
|
|
GoldenTree Loan Management U.S. CLO 27 Ltd.
|
|
|||
|
|
4,000,000
|
Series 2025-27A, Class A, (3 mo. USD Term SOFR + 1.19%), 4.92%, due
1/20/2039
|
4,000,964
(d)(f)
|
|||
|
|
3,000,000
|
Series 2025-27A, Class D, (3 mo. USD Term SOFR + 2.60%), 6.33%, due
1/20/2039
|
2,984,636
(d)(f)
|
|||
|
|
3,000,000
|
Series 2025-27A, Class E, (3 mo. USD Term SOFR + 4.75%), 8.48%, due
1/20/2039
|
2,987,282
(d)(f)
|
|||
|
|
|
GreatAmerica Leasing Receivables Funding LLC
|
|
|||
|
|
22,029
|
Series 2025-1, Class A2, 4.52%, due 10/15/2027
|
22,059
(d)
|
|||
|
|
102,000
|
Series 2026-1, Class A2, 4.47%, due 1/16/2029
|
102,020
(d)
|
|||
|
|
|
GreenSky Home Improvement Issuer Trust
|
|
|||
|
|
97,060
|
Series 2025-1A, Class A2, 5.12%, due 3/25/2060
|
97,278
(d)
|
|||
|
|
3,592,006
|
Series 2025-1A, Class B, 5.39%, due 3/25/2060
|
3,598,951
(d)
|
|||
|
|
2,804,099
|
Series 2025-1A, Class C, 5.69%, due 3/25/2060
|
2,807,508
(d)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
3,164,066
|
Series 2025-2A, Class B, 5.07%, due 6/25/2060
|
$3,147,964
(d)
|
|||
|
|
2,139,100
|
Series 2025-2A, Class C, 5.26%, due 6/25/2060
|
2,123,687
(d)
|
|||
|
|
1,743,704
|
Series 2025-2A, Class D, 5.56%, due 6/25/2060
|
1,731,403
(d)
|
|||
|
|
|
GreenSky Home Improvement Trust
|
|
|||
|
|
5,503,722
|
Series 2024-1, Class B, 5.87%, due 6/25/2059
|
5,556,614
(d)
|
|||
|
|
1,820,727
|
Series 2024-1, Class C, 6.36%, due 6/25/2059
|
1,843,603
(d)
|
|||
|
|
5,387,533
|
Series 2024-1, Class D, 7.33%, due 6/25/2059
|
5,510,327
(d)
|
|||
|
EUR
|
1,500,000
|
Harvest CLO XXXVIII DAC, Series 38A, Class D, (3 mo. EUR EURIBOR + 3.00%),
5.49%, due 1/22/2039
|
1,731,598
(d)(f)
|
|||
|
|
|
Hilton Grand Vacations Trust
|
|
|||
|
$
|
499,481
|
Series 2022-1D, Class D, 6.79%, due 6/20/2034
|
499,533
(d)
|
|||
|
|
840,959
|
Series 2022-2A, Class B, 4.74%, due 1/25/2037
|
837,365
(d)
|
|||
|
|
1,197,622
|
Series 2024-2A, Class B, 5.65%, due 3/25/2038
|
1,210,899
(d)
|
|||
|
|
2,402,448
|
Series 2024-2A, Class C, 5.99%, due 3/25/2038
|
2,426,499
(d)
|
|||
|
|
1,451,104
|
Series 2024-2A, Class D, 6.91%, due 3/25/2038
|
1,472,674
(d)
|
|||
|
|
584,843
|
Series 2024-1B, Class B, 5.99%, due 9/15/2039
|
593,409
(d)
|
|||
|
|
511,622
|
Series 2024-1B, Class D, 8.85%, due 9/15/2039
|
526,421
(d)
|
|||
|
|
3,134,199
|
Series 2025-2A, Class C, 5.12%, due 5/25/2044
|
3,116,917
(d)
|
|||
|
|
6,000,000
|
Honey Hill Park CLO Ltd., Series 2026-1A, Class D1, (3 mo. USD Term SOFR +
2.45%), 6.17%, due 4/24/2039
|
5,970,002
(d)(f)
|
|||
|
|
|
HPEFS Equipment Trust
|
|
|||
|
|
83,774
|
Series 2025-1A, Class A2, 4.49%, due 9/20/2032
|
83,841
(d)
|
|||
|
|
136,328
|
Series 2025-2A, Class A2, 4.07%, due 11/22/2032
|
136,217
(d)
|
|||
|
|
|
Invesco U.S. CLO Ltd.
|
|
|||
|
|
1,000,000
|
Series 2025-2A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.75%, due 7/15/2038
|
942,488
(d)(f)
|
|||
|
|
2,800,000
|
Series 2023-3A, Class ER, (3 mo. USD Term SOFR + 5.75%), 9.50%, due
7/15/2038
|
2,628,494
(d)(f)
|
|||
|
|
1,000,000
|
Series 2025-1A, Class E, (3 mo. USD Term SOFR + 6.00%), 9.75%, due 7/15/2038
|
998,378
(d)(f)
|
|||
|
|
7,719,000
|
Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035
|
7,744,154
(d)
|
|||
|
|
188,822
|
John Deere Owner Trust, Series 2025-B, Class A2B, (30 day USD SOFR Average +
0.30%), 3.93%, due 7/17/2028
|
188,822
(f)
|
|||
|
EUR
|
1,500,000
|
Kettles Park CLO DAC, Series 1A, Class D, (3 mo. EUR EURIBOR + 3.55%), 5.88%,
due 6/24/2039
|
1,758,573
(d)(f)
|
|||
|
$
|
1,000,000
|
Kinetic ABS Issuer LLC, Series 2026-1A, Class A2, 5.22%, due 2/25/2056
|
979,668
(d)
|
|||
|
|
5,125,000
|
KKR CLO 62 Ltd., Series 2026-62A, Class D1, (3 mo. USD Term SOFR + 2.55%),
6.25%, due 4/15/2039
|
5,099,757
(d)(f)
|
|||
|
|
|
Kubota Credit Owner Trust
|
|
|||
|
|
561,197
|
Series 2025-2A, Class A2, 4.48%, due 4/17/2028
|
561,905
(d)
|
|||
|
|
353,000
|
Series 2026-1A, Class A2, 3.84%, due 1/16/2029
|
351,013
(d)
|
|||
|
|
|
Lightpath Fiber Issuer LLC
|
|
|||
|
|
8,908,000
|
Series 2026-1A, Class A2, 5.60%, due 3/25/2056
|
8,823,092
(d)
|
|||
|
|
5,700,000
|
Series 2026-1A, Class B, 5.89%, due 3/25/2056
|
5,579,728
(d)
|
|||
|
|
8,064,692
|
Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, 5.60%, due 9/20/2065
|
8,090,293
(d)
|
|||
|
|
1,250,000
|
Magnetite LI Ltd., Series 2025-51A, Class E, (3 mo. USD Term SOFR + 4.60%),
8.41%, due 10/25/2038
|
1,241,002
(d)(f)
|
|||
|
|
|
Magnetite LII Ltd.
|
|
|||
|
|
3,000,000
|
Series 2025-52A, Class D1, (3 mo. USD Term SOFR + 2.45%), 6.26%, due
1/25/2039
|
2,987,409
(d)(f)
|
|||
|
|
1,625,000
|
Series 2025-52A, Class E, (3 mo. USD Term SOFR + 4.50%), 8.31%, due
1/25/2039
|
1,601,553
(d)(f)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
6,000,000
|
Magnetite LV Ltd., Series 2026-55A, Class D, (3 mo. USD Term SOFR + 2.45%),
6.13%, due 4/15/2039
|
$5,977,435
(d)(f)
|
|||
|
|
1,250,000
|
Magnetite XLVIII Ltd., Series 2025-48A, Class E, (3 mo. USD Term SOFR + 4.85%),
8.60%, due 10/15/2038
|
1,250,037
(d)(f)
|
|||
|
|
4,500,000
|
Magnetite XXVIII Ltd., Series 2020-28A, Class ERR, (3 mo. USD Term SOFR +
4.70%), 8.45%, due 1/15/2038
|
4,395,070
(d)(f)
|
|||
|
|
|
MetroNet Infrastructure Issuer LLC
|
|
|||
|
|
13,431,000
|
Series 2025-2A, Class A2, 5.40%, due 8/20/2055
|
13,410,338
(d)
|
|||
|
|
8,095,000
|
Series 2025-2A, Class C, 7.83%, due 8/20/2055
|
8,223,569
(d)
|
|||
|
|
2,000,000
|
MidOcean Credit CLO XXI, Series 2025-21A, Class D1, (3 mo. USD Term SOFR +
2.80%), 6.53%, due 10/20/2038
|
2,010,634
(d)(f)
|
|||
|
|
10,000,000
|
MLB Trust Senior Secured, 4.66%, due 12/10/2030
|
9,738,057
|
|||
|
|
416,023
|
MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, due 12/13/2029
|
419,604
(d)
|
|||
|
|
|
MTP ABS Funding LLC
|
|
|||
|
|
12,439,000
|
Series 2026-1A, Class A2, 5.20%, due 4/25/2056
|
12,302,519
(d)
|
|||
|
|
5,516,000
|
Series 2026-1A, Class B, 5.88%, due 4/25/2056
|
5,476,819
(d)
|
|||
|
|
|
MVW LLC
|
|
|||
|
|
499,866
|
Series 2020-1A, Class B, 2.73%, due 10/20/2037
|
499,353
(d)
|
|||
|
|
487,369
|
Series 2020-1A, Class C, 4.21%, due 10/20/2037
|
487,156
(d)
|
|||
|
|
801,508
|
Series 2021-2A, Class B, 1.83%, due 5/20/2039
|
765,602
(d)
|
|||
|
|
1,192,641
|
Series 2022-1A, Class B, 4.40%, due 11/21/2039
|
1,180,306
(d)
|
|||
|
|
1,470,774
|
Series 2023-2A, Class C, 7.06%, due 11/20/2040
|
1,502,779
(d)
|
|||
|
|
497,630
|
Series 2023-2A, Class D, 9.33%, due 11/20/2040
|
513,188
(d)
|
|||
|
|
2,584,560
|
Series 2024-2A, Class C, 4.92%, due 3/20/2042
|
2,531,075
(d)
|
|||
|
|
2,874,379
|
Series 2025-1A, Class C, 5.75%, due 9/22/2042
|
2,875,617
(d)
|
|||
|
|
2,059,482
|
Series 2024-1A, Class B, 5.51%, due 2/20/2043
|
2,079,832
(d)
|
|||
|
|
1,301,689
|
Series 2024-1A, Class C, 6.20%, due 2/20/2043
|
1,314,546
(d)
|
|||
|
|
7,350,676
|
Series 2026-1A, Class C, 5.36%, due 3/20/2043
|
7,268,718
(d)
|
|||
|
|
6,157,726
|
Series 2025-2A, Class C, 4.97%, due 10/20/2044
|
6,016,195
(d)
|
|||
|
|
5,477,369
|
NRM FNT1 Excess LLC, Series 2024-FNT1, Class A, 7.40%, due 11/25/2031
|
5,452,912
(d)
|
|||
|
|
4,000,000
|
Oaktree CLO Ltd., Series 2025-33A, Class E, (3 mo. USD Term SOFR + 5.10%),
8.83%, due 1/20/2039
|
3,996,393
(d)(f)
|
|||
|
|
|
OCP CLO Ltd.
|
|
|||
|
|
3,000,000
|
Series 2024-35A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.91%, due
10/25/2037
|
3,010,979
(d)(f)
|
|||
|
|
2,000,000
|
Series 2017-13A, Class ER2, (3 mo. USD Term SOFR + 5.90%), 9.63%, due
11/26/2037
|
1,965,301
(d)(f)
|
|||
|
|
3,000,000
|
Series 2021-21A, Class D1R, (3 mo. USD Term SOFR + 2.65%), 6.38%, due
1/20/2038
|
2,995,602
(d)(f)
|
|||
|
|
3,500,000
|
Series 2018-15A, Class ER, (3 mo. USD Term SOFR + 5.10%), 8.83%, due
1/20/2038
|
3,412,680
(d)(f)
|
|||
|
|
2,000,000
|
Series 2025-46A, Class E, (3 mo. USD Term SOFR + 4.55%), 8.30%, due
10/15/2038
|
1,975,989
(d)(f)
|
|||
|
|
3,000,000
|
Series 2025-48A, Class D1, (3 mo. USD Term SOFR + 2.45%), 6.20%, due
12/15/2038
|
2,988,424
(d)(f)
|
|||
|
|
4,000,000
|
Series 2025-48A, Class E, (3 mo. USD Term SOFR + 4.55%), 8.30%, due
12/15/2038
|
3,952,312
(d)(f)
|
|||
|
|
4,750,000
|
Series 2026-49A, Class D1, (3 mo. USD Term SOFR + 2.30%), 5.98%, due
4/16/2039
|
4,734,925
(d)(f)
|
|||
|
|
2,000,000
|
OHA Credit Funding 17-R Ltd., Series 2024-17RA, Class A1, (3 mo. USD Term SOFR
+ 1.14%), 4.87%, due 4/20/2039
|
1,998,656
(d)(f)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
6,000,000
|
OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R4, (3 mo. USD Term SOFR +
2.50%), 6.14%, due 2/20/2038
|
$5,947,748
(d)(f)
|
|||
|
|
1,000,000
|
OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, due 9/15/2036
|
1,009,036
(d)
|
|||
|
|
14,321,000
|
Oryx Funding LLC, Series 2026-1A, Class A2, 6.30%, due 6/5/2056
|
14,233,019
(d)
|
|||
|
|
|
Palmer Square CLO Ltd.
|
|
|||
|
|
1,225,000
|
Series 2024-4A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.75%, due 1/15/2038
|
1,198,654
(d)(f)
|
|||
|
|
6,000,000
|
Series 2025-1A, Class D1, (3 mo. USD Term SOFR + 2.45%), 6.18%, due
4/20/2038
|
6,006,837
(d)(f)
|
|||
|
|
5,175,000
|
Series 2026-1A, Class D, (3 mo. USD Term SOFR + 2.35%), 6.08%, due 4/20/2039
|
5,151,188
(d)(f)
|
|||
|
|
|
Palmer Square European CLO DAC
|
|
|||
|
EUR
|
1,875,000
|
Series 2023-2A, Class DR, (3 mo. EUR EURIBOR + 3.10%), 5.53%, due
10/15/2038
|
2,173,643
(d)(f)
|
|||
|
EUR
|
1,875,000
|
Series 2023-2A, Class ER, (3 mo. EUR EURIBOR + 5.40%), 7.83%, due
10/15/2038
|
2,184,370
(d)(f)
|
|||
|
EUR
|
4,875,000
|
Penta CLO 11 DAC, Series 2022-11A, Class DRR, (3 mo. EUR EURIBOR + 2.70%),
4.84%, due 1/15/2039
|
5,594,271
(d)(f)
|
|||
|
$
|
664,000
|
PFS Financing Corp., Series 2024-D, Class A, 5.34%, due 4/15/2029
|
668,437
(d)
|
|||
|
EUR
|
2,000,000
|
PGGLF 2 Assetco EUR 1 DAC, Series 2022-12A, Class ARR, (3 mo. EUR EURIBOR +
1.28%), 3.53%, due 11/9/2038
|
2,310,004
(d)(f)
|
|||
|
$
|
8,531,199
|
PK ALIFT Loan Funding 8 LP, Series 2026-1, Class C, 5.00%, due 9/15/2043
|
8,324,101
(d)
|
|||
|
|
|
QTS Issuer ABS II LLC
|
|
|||
|
|
2,158,236
|
Series 2025-1A, Class A2, 5.04%, due 10/5/2055
|
2,087,838
(d)
|
|||
|
|
7,548,000
|
Series 2026-4A, Class A2, 5.70%, due 3/5/2056
|
7,433,499
(d)
|
|||
|
|
7,182,000
|
Series 2026-4A, Class B, 6.73%, due 3/5/2056
|
7,048,640
(d)
|
|||
|
|
3,407,418
|
Series 2026-5A, Class A2, 6.18%, due 3/6/2056
|
3,391,509
(d)
|
|||
|
|
3,000,000
|
RAD CLO 28 Ltd., Series 2024-28A, Class E, (3 mo. USD Term SOFR + 5.25%),
8.98%, due 4/20/2038
|
2,770,691
(d)(f)
|
|||
|
|
2,000,000
|
Rad CLO 30 Ltd., Series 2025-30A, Class D, (3 mo. USD Term SOFR + 5.10%),
8.85%, due 10/15/2038
|
1,988,018
(d)(f)
|
|||
|
|
3,000,000
|
Regatta 30 Funding Ltd., Series 2024-4A, Class A1, (3 mo. USD Term SOFR +
1.32%), 5.13%, due 1/25/2038
|
3,004,692
(d)(f)
|
|||
|
|
3,000,000
|
RR 19 Ltd., Series 2021-19A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 4.93%,
due 4/15/2040
|
2,996,676
(d)(f)
|
|||
|
|
6,000,000
|
RR 25 Ltd., Series 2023-25A, Class C1R2, (3 mo. USD Term SOFR + 2.65%), 6.40%,
due 4/15/2041
|
5,995,475
(d)(f)
|
|||
|
|
2,500,000
|
RR 34 Ltd., Series 2024-34RA, Class DR, (3 mo. USD Term SOFR + 5.50%), 9.25%,
due 10/15/2039
|
2,500,816
(d)(f)
|
|||
|
|
1,000,000
|
RR 36 Ltd., Series 2024-36RA, Class DR, (3 mo. USD Term SOFR + 5.25%), 9.00%,
due 1/15/2040
|
1,001,457
(d)(f)
|
|||
|
|
4,000,000
|
RR 42 Ltd., Series 2025-42A, Class DR, (3 mo. USD Term SOFR + 5.10%), 8.85%,
due 10/15/2040
|
4,004,676
(d)(f)
|
|||
|
|
3,125,000
|
RR 43 Ltd., Series 2026-43A, Class C1, (3 mo. USD Term SOFR + 2.40%), 6.05%,
due 10/15/2039
|
3,130,954
(d)(f)
|
|||
|
|
6,000,000
|
RR 44 Ltd., Series 2026-44A, Class C1, (3 mo. USD Term SOFR + 2.40%), 6.15%,
due 4/15/2041
|
5,973,214
(d)(f)
|
|||
|
EUR
|
2,150,000
|
RRE 10 Loan Management DAC, Series 10A, Class DR, (3 mo. EUR EURIBOR +
5.30%), 7.73%, due 3/15/2038
|
2,500,931
(d)(f)
|
|||
|
|
|
Sierra Timeshare Receivables Funding LLC
|
|
|||
|
$
|
633,499
|
Series 2022-1A, Class D, 6.00%, due 10/20/2038
|
633,367
(d)
|
|||
|
|
384,154
|
Series 2023-1A, Class C, 7.00%, due 1/20/2040
|
391,929
(d)
|
|||
|
|
372,239
|
Series 2023-2A, Class C, 7.30%, due 4/20/2040
|
382,232
(d)
|
|||
|
|
625,496
|
Series 2023-2A, Class D, 9.72%, due 4/20/2040
|
651,359
(d)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
171,519
|
Series 2023-3A, Class C, 7.12%, due 9/20/2040
|
$175,420
(d)
|
|||
|
|
1,915,832
|
Series 2024-2A, Class C, 5.83%, due 6/20/2041
|
1,926,387
(d)
|
|||
|
|
3,243,265
|
Series 2024-3A, Class C, 5.32%, due 8/20/2041
|
3,222,989
(d)
|
|||
|
|
1,076,424
|
Series 2024-3A, Class D, 6.93%, due 8/20/2041
|
1,072,220
(d)
|
|||
|
|
447,758
|
Series 2025-1A, Class A, 4.81%, due 1/21/2042
|
445,434
(d)
|
|||
|
|
3,680,123
|
Series 2025-1A, Class D, 6.86%, due 1/21/2042
|
3,657,413
(d)
|
|||
|
|
1,336,024
|
Series 2024-1A, Class C, 5.94%, due 1/20/2043
|
1,343,578
(d)
|
|||
|
|
388,372
|
Series 2024-1A, Class D, 8.02%, due 1/20/2043
|
394,400
(d)
|
|||
|
|
5,119,000
|
Series 2026-2A, Class D, 7.19%, due 5/20/2043
|
5,122,243
(d)
|
|||
|
|
1,620,884
|
Series 2025-2A, Class C, 5.32%, due 4/20/2044
|
1,608,469
(d)
|
|||
|
|
1,942,359
|
Series 2025-2A, Class D, 6.79%, due 4/20/2044
|
1,925,897
(d)
|
|||
|
|
2,677,121
|
Series 2025-3A, Class D, 6.54%, due 8/22/2044
|
2,632,135
(d)
|
|||
|
|
|
Signal Peak CLO 11 Ltd.
|
|
|||
|
|
2,000,000
|
Series 2024-11A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.83%, due
7/18/2037
|
2,005,518
(d)(f)
|
|||
|
|
1,000,000
|
Series 2024-11A, Class E, (3 mo. USD Term SOFR + 6.00%), 9.73%, due
7/18/2037
|
999,914
(d)(f)
|
|||
|
|
3,100,000
|
Sixth Street CLO 31 Ltd., Series 2025-31A, Class E, (3 mo. USD Term SOFR +
4.70%), 8.45%, due 1/17/2039
|
3,038,184
(d)(f)
|
|||
|
|
|
Sixth Street CLO XXIII Ltd.
|
|
|||
|
|
4,000,000
|
Series 2023-23A, Class DR, (3 mo. USD Term SOFR + 2.50%), 6.25%, due
10/17/2038
|
4,008,113
(d)(f)
|
|||
|
|
2,000,000
|
Series 2023-23A, Class ER, (3 mo. USD Term SOFR + 4.85%), 8.60%, due
10/17/2038
|
1,966,036
(d)(f)
|
|||
|
|
3,284,000
|
SoFi Consumer Loan Program Trust, Series 2026-2, Class D, 5.37%, due 3/25/2036
|
3,253,744
(d)
|
|||
|
|
3,580,791
|
Sone Holdings Trust, 4.88%, due 6/30/2033
|
3,517,049
|
|||
|
|
|
Sotheby's Artfi Master Trust
|
|
|||
|
|
3,351,000
|
Series 2026-1A, Class B, 4.90%, due 6/20/2033
|
3,324,398
(d)
|
|||
|
|
3,104,000
|
Series 2026-1A, Class D, 5.54%, due 6/20/2033
|
3,091,856
(d)
|
|||
|
|
|
Stack Infrastructure Issuer LLC
|
|
|||
|
|
1,250,000
|
Series 2023-2A, Class A2, 5.90%, due 7/25/2048
|
1,250,277
(d)
|
|||
|
|
7,719,000
|
Series 2025-1A, Class A2, 5.00%, due 5/25/2050
|
7,443,435
(d)
|
|||
|
EUR
|
3,000,000
|
Stannaway Park CLO DAC, Series 1A, Class E, (3 mo. EUR EURIBOR + 5.40%),
7.88%, due 1/23/2038
|
3,450,868
(d)(f)
|
|||
|
$
|
14,294,000
|
Summit Issuer LLC, Series 2025-1A, Class A2, 5.21%, due 11/20/2055
|
14,063,449
(d)
|
|||
|
|
1,250,000
|
Symphony CLO 34-PS Ltd., Series 2022-34A, Class ER2, (3 mo. USD Term SOFR +
6.00%), 9.78%, due 7/24/2038
|
1,249,123
(d)(f)
|
|||
|
|
1,100,000
|
Symphony CLO 44 Ltd., Series 2024-44A, Class E, (3 mo. USD Term SOFR + 6.15%),
9.82%, due 7/14/2037
|
1,092,832
(d)(f)
|
|||
|
|
250,512
|
Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.08%, due 6/21/2050
|
250,147
(d)
|
|||
|
|
6,208,000
|
Trafigura Securitisation Finance PLC, Series 2024-1A, Class B, 7.29%, due
11/15/2027
|
6,193,957
(d)
|
|||
|
|
1,750,000
|
Trestles CLO III Ltd., Series 2020-3A, Class ER, (3 mo. USD Term SOFR + 6.10%),
9.83%, due 10/20/2037
|
1,750,807
(d)(f)
|
|||
|
|
1,500,000
|
Trestles CLO IX Ltd., Series 2025-9A, Class D1, (3 mo. USD Term SOFR + 2.65%),
6.40%, due 1/15/2039
|
1,500,080
(d)(f)
|
|||
|
|
|
Trestles CLO Ltd.
|
|
|||
|
|
1,200,000
|
Series 2017-1A, Class ERR, (3 mo. USD Term SOFR + 5.95%), 9.62%, due
7/25/2037
|
1,200,000
(d)(f)
|
|||
|
|
1,200,000
|
Series 2017-1AR, Class ER3, (5.25% - 3 mo. USD Term SOFR), 0.00%, due
7/25/2039
|
1,200,168
(d)(f)(i)
|
|||
|
Principal Amount(a)
|
Value
|
|||||
|
Asset-Backed Securities – cont'd
|
|
|
|
|||
|
Other – cont'd
|
|
|
|
|||
|
$
|
1,500,000
|
Trestles CLO VI Ltd., Series 2023-6A, Class ER, (3 mo. USD Term SOFR + 4.75%),
8.56%, due 4/25/2038
|
$1,476,940
(d)(f)
|
|||
|
|
2,000,000
|
Trestles CLO VII Ltd., Series 2024-7A, Class D1, (3 mo. USD Term SOFR + 3.10%),
6.91%, due 10/25/2037
|
2,006,081
(d)(f)
|
|||
|
|
5,250,000
|
Trinitas CLO XXV Ltd., Series 2023-25A, Class DR, (3 mo. USD Term SOFR + 2.75%),
6.50%, due 1/23/2039
|
5,243,629
(d)(f)
|
|||
|
|
1,000,000
|
Trinitas CLO XXXI Ltd., Series 2024-31A, Class A1, (3 mo. USD Term SOFR + 1.35%),
5.08%, due 1/22/2038
|
1,001,499
(d)(f)
|
|||
|
|
6,000,000
|
Trinitas CLO XXXV Ltd., Series 2026-35A, Class D1, (3 mo. USD Term SOFR +
2.50%), 6.23%, due 1/22/2039
|
5,981,822
(d)(f)
|
|||
|
|
3,000,000
|
Trinitas CLO XXXVII Ltd., Series 2025-37A, Class D, (3 mo. USD Term SOFR +
2.95%), 6.68%, due 1/22/2039
|
3,013,190
(d)(f)
|
|||
|
|
6,000,000
|
Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class C, 9.02%, due 4/20/2055
|
6,213,010
(d)
|
|||
|
|
4,948,624
|
Vantage Data Centers Issuer LLC, Series 2025-2A, Class A2, 5.24%, due 11/15/2055
|
4,768,714
(d)
|
|||
|
|
32,534,000
|
Vantage Data Centers LLC, Series 2025-1A, Class A2, 5.13%, due 8/15/2055
|
31,715,025
(d)
|
|||
|
|
6,532,000
|
VB-S1 Issuer LLC, Series 2026-1A, Class D, 5.19%, due 3/15/2056
|
6,383,954
(d)
|
|||
|
|
|
Verizon Master Trust
|
|
|||
|
|
274,000
|
Series 2024-3, Class A1B, (30 day USD SOFR Average + 0.58%), 4.21%, due
4/22/2030
|
274,492
(f)
|
|||
|
|
289,000
|
Series 2024-6, Class A1B, (30 day USD SOFR Average + 0.67%), 4.29%, due
8/20/2030
|
289,879
(f)
|
|||
|
|
603,000
|
Series 2025-9, Class A1B, (30 day USD SOFR Average + 0.42%), 4.05%, due
10/21/2030
|
603,505
(f)
|
|||
|
|
|
Volofin Finance DAC
|
|
|||
|
|
2,576,901
|
Series 2024-1A, Class A, 5.94%, due 6/15/2037
|
2,586,419
(d)
|
|||
|
|
1,290,810
|
Series 2024-1A, Class B, 6.21%, due 6/15/2037
|
1,291,754
(d)
|
|||
|
|
|
Voya CLO Ltd.
|
|
|||
|
|
1,000,000
|
Series 2025-3A, Class E, (3 mo. USD Term SOFR + 5.40%), 9.13%, due 7/20/2038
|
1,003,777
(d)(f)
|
|||
|
|
1,400,000
|
Series 2024-2AR, Class ER, (3 mo. USD Term SOFR + 5.50%), 9.24%, due
7/20/2039
|
1,399,980
(d)(f)
|
|||
|
|
1,750,000
|
Wellington Management CLO 3 Ltd., Series 2024-3AR, Class D1R, (3 mo. USD Term
SOFR + 2.80%), 6.61%, due 7/31/2039
|
1,750,122
(d)(f)
|
|||
|
|
2,600,000
|
Whitebox CLO II Ltd., Series 2020-2A, Class E1R2, (3 mo. USD Term SOFR +
5.75%), 9.53%, due 10/24/2037
|
2,585,547
(d)(f)
|
|||
|
|
3,090,579
|
Willis Engine Structured Trust VIII, Series 2025-A, Class B, 6.07%, due 6/15/2050
|
3,053,951
(d)
|
|||
|
|
|
Wireless PropCo Funding LLC
|
|
|||
|
|
5,350,000
|
Series 2025-1A, Class B, 4.30%, due 6/25/2055
|
5,007,806
(d)
|
|||
|
|
2,000,000
|
Series 2025-1A, Class C, 8.51%, due 6/25/2055
|
2,019,030
(d)
|
|||
|
|
|
|
826,614,376
|
|||
|
Student Loan 0.0%‡
|
|
|
|
|||
|
|
662,024
|
ELFI Graduate Loan Program LLC, Series 2024-A, Class A, 5.56%, due 8/25/2049
|
664,382
(d)
|
|||
|
|
826,373
|
Navient Private Education Refi Loan Trust, Series 2021-BA, Class A, 0.94%, due
7/15/2069
|
753,382
(d)
|
|||
|
|
1,597,000
|
SoFi Professional Loan Program LLC, Series 2020-A, Class BFX, 3.12%, due
5/15/2046
|
1,424,566
(d)
|
|||
|
|
|
|
2,842,330
|
|||
|
Total Asset-Backed Securities (Cost $990,261,443)
|
984,025,574
|
|||||
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Corporate Bonds 39.4%
|
||||
|
Advertising 0.2%
|
|
|||
|
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
$
|
2,145,000
|
7.13%, due 2/15/2031
|
$2,212,578
(d)
|
|
|
|
1,490,000
|
7.50%, due 3/15/2033
|
1,561,811
(d)
|
|
|
|
|
Neptune Bidco U.S., Inc.
|
|
|
|
|
2,680,000
|
9.29%, due 4/15/2029
|
2,730,501
(d)
|
|
|
|
475,000
|
10.38%, due 5/15/2031
|
497,298
(d)
|
|
|
EUR
|
100,000
|
WPP Finance 2013, 3.63%, due 6/9/2031
|
112,026
(j)
|
|
|
$
|
7,641,000
|
WPP LLC, 6.50%, due 3/30/2036
|
7,427,950
|
|
|
|
|
|
14,542,164
|
|
|
Aerospace & Defense 0.5%
|
|
|||
|
|
1,860,000
|
AAR Escrow Issuer LLC, 6.75%, due 3/15/2029
|
1,900,111
(d)
|
|
|
|
|
Bombardier, Inc.
|
|
|
|
|
2,735,000
|
7.25%, due 7/1/2031
|
2,848,697
(d)
|
|
|
|
535,000
|
7.00%, due 6/1/2032
|
551,221
(d)
|
|
|
|
765,000
|
6.75%, due 6/15/2033
|
787,925
(d)
|
|
|
|
4,641,000
|
Goat Holdco LLC, 6.75%, due 2/1/2032
|
4,715,414
(d)
|
|
|
|
|
Honeywell Aerospace, Inc.
|
|
|
|
|
10,465,000
|
4.95%, due 3/16/2036
|
10,088,116
(d)
|
|
|
|
9,960,000
|
5.73%, due 3/16/2056
|
9,486,544
(d)
|
|
|
|
|
TransDigm, Inc.
|
|
|
|
|
1,515,000
|
6.38%, due 3/1/2029
|
1,533,227
(d)
|
|
|
|
1,295,000
|
7.13%, due 12/1/2031
|
1,335,715
(d)
|
|
|
|
1,740,000
|
6.38%, due 5/31/2033
|
1,739,559
(d)
|
|
|
|
1,570,000
|
6.75%, due 1/31/2034
|
1,595,549
(d)
|
|
|
|
1,475,000
|
6.13%, due 7/31/2034
|
1,458,433
(d)
|
|
|
|
|
|
38,040,511
|
|
|
Agriculture 0.1%
|
|
|||
|
|
4,000,000
|
JR Simplot Co., 5.64%, due 9/30/2035
|
3,866,432
|
|
|
|
779,000
|
Philip Morris International, Inc., (Secured Overnight Financing Rate + 0.83%), 4.50%,
due 4/28/2028
|
783,921
(f)
|
|
|
EUR
|
1,300,000
|
Sudzucker International Finance BV, 5.95%, due 5/28/2030
|
1,495,114
(j)(k)(l)
|
|
|
EUR
|
615,000
|
Tereos Finance Groupe I SA, 5.75%, due 4/30/2031
|
660,165
(j)
|
|
|
|
|
|
6,805,632
|
|
|
Airlines 0.1%
|
|
|||
|
EUR
|
1,600,000
|
Air France-KLM, 4.63%, due 5/23/2029
|
1,879,373
(j)
|
|
|
$
|
254,000
|
Avianca Midco 2 PLC, 9.63%, due 2/14/2030
|
245,344
(d)
|
|
|
|
200,000
|
Azul Secured Finance LLP, 9.88%, due 2/15/2031
|
185,000
(d)
|
|
|
EUR
|
3,100,000
|
Deutsche Lufthansa AG, 5.25%, due 1/15/2055
|
3,592,553
(j)(k)
|
|
|
$
|
243,000
|
Gol Finance, Inc., 14.38%, due 6/6/2030
|
233,584
(d)
|
|
|
|
30,000
|
Latam Airlines Group SA, 7.63%, due 1/7/2031
|
30,637
(d)
|
|
|
EUR
|
2,900,000
|
Transportes Aereos Portugueses SA, 5.13%, due 11/15/2029
|
3,393,481
(j)
|
|
|
|
|
|
9,559,972
|
|
|
Apparel 0.2%
|
|
|||
|
|
|
Beach Acquisition Bidco LLC
|
|
|
|
EUR
|
3,245,000
|
5.25%, due 7/15/2032
|
3,764,198
(j)
|
|
|
$
|
2,508,635
|
10.00% Cash/10.75% PIK, due 7/15/2033
|
2,693,042
(d)(m)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Apparel – cont'd
|
|
|||
|
$
|
870,000
|
Champ Acquisition Corp., 8.38%, due 12/1/2031
|
$907,366
(d)
|
|
|
EUR
|
1,429,000
|
CT Investment GmbH, 6.38%, due 4/15/2030
|
1,691,303
(j)
|
|
|
|
|
VF Corp.
|
|
|
|
EUR
|
1,418,000
|
4.25%, due 3/7/2029
|
1,636,549
|
|
|
$
|
1,115,000
|
2.95%, due 4/23/2030
|
1,001,724
|
|
|
EUR
|
3,302,000
|
0.63%, due 2/25/2032
|
3,106,681
|
|
|
|
|
|
14,800,863
|
|
|
Auto Manufacturers 0.5%
|
|
|||
|
$
|
6,327,273
|
FCA U.S. LLC Lease-Backed Pass-Through Trust, 7.76%, due 3/10/2047
|
6,199,153
(d)
|
|
|
EUR
|
2,260,000
|
Jaguar Land Rover Automotive PLC, 4.50%, due 7/15/2028
|
2,606,958
(j)
|
|
|
|
|
Nissan Motor Acceptance Co. LLC
|
|
|
|
$
|
275,000
|
7.05%, due 9/15/2028
|
280,611
(d)
|
|
|
|
265,000
|
5.63%, due 9/29/2028
|
263,424
(d)
|
|
|
|
115,000
|
5.55%, due 9/13/2029
|
111,839
(d)
|
|
|
|
395,000
|
6.13%, due 9/30/2030
|
385,760
(d)
|
|
|
|
|
Nissan Motor Co. Ltd.
|
|
|
|
EUR
|
1,225,000
|
5.25%, due 7/17/2029
|
1,433,318
(j)
|
|
|
$
|
415,000
|
7.50%, due 7/17/2030
|
425,071
(d)
|
|
|
|
1,025,000
|
4.81%, due 9/17/2030
|
950,120
(d)
|
|
|
|
310,000
|
7.75%, due 7/17/2032
|
320,223
(d)
|
|
|
EUR
|
595,000
|
6.38%, due 7/17/2033
|
701,365
(j)
|
|
|
$
|
230,000
|
8.13%, due 7/17/2035
|
242,687
(d)
|
|
|
EUR
|
900,000
|
RCI Banque SA, 5.50%, due 10/9/2034
|
1,064,711
(j)(k)
|
|
|
EUR
|
2,100,000
|
Renault SA, 3.88%, due 9/30/2030
|
2,402,509
(j)
|
|
|
$
|
13,530,000
|
Stellantis Finance U.S., Inc., 6.45%, due 3/18/2035
|
13,172,964
(d)
|
|
|
|
|
Stellantis NV
|
|
|
|
EUR
|
2,370,000
|
6.25%, due 3/16/2031
|
2,641,192
(j)(k)(l)
|
|
|
EUR
|
1,867,000
|
6.88%, due 12/16/2033
|
2,065,774
(j)(k)(l)
|
|
|
EUR
|
1,130,000
|
4.63%, due 6/6/2035
|
1,239,906
(j)
|
|
|
|
|
Volkswagen International Finance NV
|
|
|
|
EUR
|
1,200,000
|
3.88%, due 6/14/2027
|
1,381,162
(j)(k)(l)
|
|
|
EUR
|
4,500,000
|
3.75%, due 12/28/2027
|
5,159,493
(j)(k)(l)
|
|
|
EUR
|
100,000
|
5.99%, due 11/15/2033
|
115,935
(j)(k)(l)
|
|
|
|
|
|
43,164,175
|
|
|
Auto Parts & Equipment 0.8%
|
|
|||
|
$
|
6,419,000
|
Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 9/15/2032
|
6,467,215
(d)
|
|
|
|
|
Cyprium Corp./Cyprium Holdings Luxembourg SARL
|
|
|
|
|
1,400,000
|
6.13%, due 4/15/2031
|
1,387,582
(d)
|
|
|
|
3,280,000
|
6.38%, due 4/15/2034
|
3,231,428
(d)
|
|
|
|
1,035,150
|
Dexko Global, Inc., 7.50%, due 4/15/2032
|
861,887
(d)
|
|
|
|
|
Forvia SE
|
|
|
|
EUR
|
585,714
|
3.75%, due 6/15/2028
|
673,635
(j)
|
|
|
EUR
|
1,235,000
|
5.63%, due 6/15/2030
|
1,461,024
(j)
|
|
|
EUR
|
1,137,000
|
5.38%, due 3/15/2031
|
1,331,970
(j)
|
|
|
EUR
|
1,950,000
|
5.50%, due 6/15/2031
|
2,294,366
(j)
|
|
|
$
|
5,471,000
|
6.75%, due 9/15/2033
|
5,443,946
(d)
|
|
|
EUR
|
2,052,000
|
Gestamp Automocion SA, 4.38%, due 10/15/2030
|
2,375,820
(j)
|
|
|
EUR
|
930,000
|
Goodyear Europe BV, 2.75%, due 8/15/2028
|
1,044,746
(j)
|
|
|
$
|
815,000
|
Goodyear Tire & Rubber Co., 8.88%, due 7/15/2032
|
836,485
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Auto Parts & Equipment – cont'd
|
|
|||
|
EUR
|
200,000
|
Grupo Antolin Irausa SA, 3.50%, due 4/30/2028
|
$108,669
(j)
|
|
|
|
|
IHO Verwaltungs GmbH
|
|
|
|
EUR
|
1,190,000
|
6.75% Cash/7.50% PIK, due 11/15/2029
|
1,430,430
(j)(m)
|
|
|
$
|
1,600,000
|
7.75% Cash/8.50% PIK, due 11/15/2030
|
1,658,346
(d)(m)
|
|
|
EUR
|
1,700,000
|
(0.00% / 6.38% PIK), 5.63%, due 5/15/2031
|
2,041,360
(j)
|
|
|
EUR
|
1,520,000
|
7.00% Cash/7.75% PIK, due 11/15/2031
|
1,870,303
(j)(m)
|
|
|
$
|
575,000
|
7.38%, due 5/15/2033
|
595,999
(d)
|
|
|
|
|
Schaeffler AG
|
|
|
|
EUR
|
800,000
|
4.75%, due 8/14/2029
|
934,142
(j)
|
|
|
EUR
|
4,000,000
|
4.50%, due 3/28/2030
|
4,631,293
(j)
|
|
|
EUR
|
2,400,000
|
5.38%, due 4/1/2031
|
2,854,258
(j)
|
|
|
|
|
Valeo SE
|
|
|
|
EUR
|
1,700,000
|
4.50%, due 4/11/2030
|
1,978,875
(j)
|
|
|
EUR
|
3,000,000
|
5.13%, due 5/20/2031
|
3,553,734
(j)
|
|
|
EUR
|
400,000
|
4.63%, due 3/23/2032
|
459,908
(j)
|
|
|
|
|
ZF Europe Finance BV
|
|
|
|
EUR
|
1,000,000
|
6.13%, due 3/13/2029
|
1,191,641
(j)
|
|
|
EUR
|
1,900,000
|
3.00%, due 10/23/2029
|
2,105,009
(j)
|
|
|
EUR
|
2,100,000
|
7.00%, due 6/12/2030
|
2,569,690
(j)
|
|
|
EUR
|
500,000
|
5.50%, due 2/17/2032
|
571,490
(j)
|
|
|
|
|
ZF Finance GmbH
|
|
|
|
EUR
|
900,000
|
2.25%, due 5/3/2028
|
1,008,973
(j)
|
|
|
EUR
|
900,000
|
3.75%, due 9/21/2028
|
1,031,165
(j)
|
|
|
|
|
ZF North America Capital, Inc.
|
|
|
|
$
|
885,000
|
6.88%, due 4/14/2028
|
900,934
(d)
|
|
|
|
2,130,000
|
6.75%, due 4/23/2030
|
2,113,748
(d)
|
|
|
|
320,000
|
7.50%, due 3/24/2031
|
322,232
(d)
|
|
|
|
2,380,000
|
6.88%, due 4/23/2032
|
2,338,277
(d)
|
|
|
|
|
|
63,680,580
|
|
|
Banks 9.9%
|
|
|||
|
|
5,200,000
|
ABN AMRO Bank NV, 5.52%, due 12/3/2035
|
5,197,618
(d)(k)
|
|
|
GBP
|
530,000
|
Aldermore Group PLC, 6.00%, due 10/1/2035
|
708,059
(j)(k)
|
|
|
EUR
|
300,000
|
AMCO - Asset Management Co. SpA, 0.75%, due 4/20/2028
|
331,685
(j)
|
|
|
|
|
Banco Bilbao Vizcaya Argentaria SA
|
|
|
|
$
|
7,755,000
|
7.75%, due 1/14/2032
|
8,109,326
(k)(l)
|
|
|
|
5,400,000
|
7.13%, due 5/8/2033
|
5,398,207
(k)(l)
|
|
|
EUR
|
270,000
|
Banco BPM SpA, 3.38%, due 1/24/2030
|
311,638
(j)
|
|
|
|
|
Banco Bradesco SA
|
|
|
|
$
|
200,000
|
6.50%, due 1/22/2030
|
203,990
(d)
|
|
|
|
1,320,000
|
5.38%, due 1/20/2031
|
1,292,412
(d)
|
|
|
|
206,000
|
Banco de Credito del Peru SA, 6.45%, due 7/30/2035
|
209,914
(d)(k)
|
|
|
EUR
|
1,100,000
|
Banco de Sabadell SA, 6.00%, due 8/16/2033
|
1,318,620
(j)(k)
|
|
|
|
|
Banco Mercantil del Norte SA
|
|
|
|
$
|
1,500,000
|
6.63%, due 1/24/2032
|
1,424,023
(d)(k)(l)
|
|
|
|
760,000
|
8.75%, due 5/20/2035
|
780,445
(d)(k)(l)
|
|
|
|
200,000
|
Banco Santander Chile, 4.55%, due 11/20/2030
|
195,380
(d)
|
|
|
|
570,000
|
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero
Santand, 5.62%, due 12/10/2029
|
577,182
(d)
|
|
|
|
7,600,000
|
Banco Santander SA, 7.25%, due 12/3/2035
|
7,621,014
(k)(l)
|
|
|
|
273,000
|
Banco Votorantim SA, 5.88%, due 4/8/2028
|
274,256
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Banks – cont'd
|
|
|||
|
|
|
Bangkok Bank PCL
|
|
|
|
$
|
200,000
|
4.30%, due 6/15/2027
|
$199,412
(d)
|
|
|
|
1,270,000
|
5.65%, due 7/5/2034
|
1,281,733
(d)
|
|
|
|
|
Bank of America Corp.
|
|
|
|
|
3,330,000
|
4.38%, due 1/27/2027
|
3,309,749
(k)(l)
|
|
|
|
1,905,000
|
(Secured Overnight Financing Rate + 0.83%), 4.50%, due 1/24/2029
|
1,910,538
(f)
|
|
|
|
9,005,000
|
6.63%, due 5/1/2030
|
9,192,250
(k)(l)
|
|
|
|
3,560,000
|
6.25%, due 7/26/2030
|
3,563,446
(k)(l)
|
|
|
|
2,875,000
|
5.52%, due 10/25/2035
|
2,842,860
(k)
|
|
|
|
18,240,000
|
5.46%, due 5/9/2036
|
18,215,373
(k)
|
|
|
|
17,210,000
|
5.49%, due 4/23/2037
|
16,766,622
(k)
|
|
|
CAD
|
11,945,000
|
Bank of Montreal, 3.54%, due 3/3/2032
|
8,360,350
(k)
|
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
$
|
11,125,000
|
3.75%, due 12/20/2026
|
11,049,011
(k)(l)
|
|
|
|
1,020,000
|
(Secured Overnight Financing Rate Index + 0.68%), 4.33%, due 6/9/2028
|
1,022,243
(f)
|
|
|
EUR
|
100,000
|
Bank of New Zealand, 2.55%, due 6/29/2027
|
114,964
(j)
|
|
|
|
|
Bank of Nova Scotia
|
|
|
|
CAD
|
8,955,000
|
3.62%, due 1/30/2032
|
6,295,234
(k)
|
|
|
CAD
|
8,955,000
|
4.44%, due 11/15/2035
|
6,396,164
(k)
|
|
|
|
|
Barclays PLC
|
|
|
|
$
|
3,550,000
|
4.38%, due 3/15/2028
|
3,449,917
(k)(l)
|
|
|
|
2,065,000
|
8.00%, due 3/15/2029
|
2,172,438
(k)(l)
|
|
|
|
3,090,000
|
9.63%, due 12/15/2029
|
3,404,204
(k)(l)
|
|
|
|
4,880,000
|
7.12%, due 6/27/2034
|
5,257,423
(k)
|
|
|
|
4,170,000
|
7.63%, due 3/15/2035
|
4,310,191
(k)(l)
|
|
|
EUR
|
1,200,000
|
Bayerische Landesbank, 1.38%, due 11/22/2032
|
1,350,159
(j)(k)
|
|
|
$
|
200,000
|
BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico,
5.40%, due 6/3/2031
|
198,560
(d)
|
|
|
|
|
BNP Paribas SA
|
|
|
|
|
690,000
|
9.25%, due 11/17/2027
|
719,556
(d)(k)(l)
|
|
|
|
655,000
|
4.50%, due 2/25/2030
|
608,194
(d)(k)(l)
|
|
|
|
10,480,000
|
4.63%, due 2/25/2031
|
9,575,346
(d)(k)(l)
|
|
|
|
7,090,000
|
8.00%, due 8/22/2031
|
7,522,022
(d)(k)(l)
|
|
|
|
3,880,000
|
5.91%, due 11/19/2035
|
3,889,503
(d)(k)
|
|
|
|
9,050,000
|
7.20%, due 4/17/2036
|
8,984,761
(d)(k)(l)
|
|
|
|
3,515,000
|
BPCE SA, 5.94%, due 5/30/2035
|
3,535,572
(d)(k)
|
|
|
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
CAD
|
7,460,000
|
3.70%, due 4/2/2030
|
5,321,486
(k)
|
|
|
EUR
|
100,000
|
2.50%, due 5/7/2030
|
112,213
(j)
|
|
|
CAD
|
7,460,000
|
3.65%, due 1/13/2032
|
5,253,849
(k)
|
|
|
$
|
200,000
|
CBQ Finance Ltd., 5.38%, due 3/28/2029
|
200,340
(j)
|
|
|
EUR
|
500,000
|
Cie de Financement Foncier SA, 3.50%, due 5/12/2036
|
567,227
(j)
|
|
|
$
|
1,108,000
|
Citibank NA, (Secured Overnight Financing Rate + 0.71%), 4.35%, due 11/19/2027
|
1,109,085
(f)
|
|
|
|
|
Citigroup, Inc.
|
|
|
|
|
3,140,000
|
4.15%, due 11/15/2026
|
3,134,507
(k)(l)
|
|
|
|
765,000
|
(Secured Overnight Financing Rate + 1.14%), 4.77%, due 5/7/2028
|
768,125
(f)
|
|
|
|
3,670,000
|
7.13%, due 8/15/2029
|
3,732,500
(k)(l)
|
|
|
|
8,600,000
|
6.95%, due 2/15/2030
|
8,675,878
(k)(l)
|
|
|
|
3,865,000
|
6.63%, due 2/15/2031
|
3,882,543
(k)(l)
|
|
|
|
8,215,000
|
4.50%, due 9/11/2031
|
8,027,182
(k)
|
|
|
|
4,340,000
|
7.00%, due 8/15/2034
|
4,436,587
(k)(l)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Banks – cont'd
|
|
|||
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
$
|
2,400,000
|
(3 mo. USD Term SOFR + 3.26%), 7.01%, due 10/6/2026
|
$2,399,656
(f)(l)
|
|
|
|
1,203,000
|
(3 mo. USD Term SOFR + 3.42%), 7.17%, due 10/6/2026
|
1,198,037
(f)(l)
|
|
|
EUR
|
200,000
|
Commonwealth Bank of Australia, 0.75%, due 2/28/2028
|
222,545
(j)
|
|
|
|
|
Credit Agricole SA
|
|
|
|
$
|
8,510,000
|
6.70%, due 9/23/2034
|
8,437,804
(d)(k)(l)
|
|
|
|
3,920,000
|
6.25%, due 1/10/2035
|
3,997,859
(d)(k)
|
|
|
|
4,115,000
|
5.26%, due 1/12/2037
|
3,963,323
(d)(k)
|
|
|
EUR
|
100,000
|
Crelan SA, 6.00%, due 2/28/2030
|
122,058
(j)(k)
|
|
|
$
|
5,490,000
|
Deutsche Bank AG, 4.95%, due 8/4/2031
|
5,422,244
(k)
|
|
|
|
4,035,000
|
Doha Finance Ltd., 4.50%, due 3/16/2031
|
3,870,233
(j)
|
|
|
|
|
Fifth Third Bancorp
|
|
|
|
|
1,793,000
|
(3 mo. USD Term SOFR + 3.29%), 7.03%, due 8/30/2026
|
1,796,844
(f)(l)
|
|
|
|
4,070,000
|
4.34%, due 4/25/2033
|
3,870,187
(k)
|
|
|
|
660,000
|
Fifth Third Bank NA, (Secured Overnight Financing Rate + 0.81%), 4.48%, due
1/28/2028
|
660,593
(f)
|
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
|
1,345,000
|
4.13%, due 11/10/2026
|
1,339,058
(k)(l)
|
|
|
|
1,260,000
|
(Secured Overnight Financing Rate + 1.85%), 5.50%, due 3/15/2028
|
1,269,689
(f)
|
|
|
|
605,000
|
(Secured Overnight Financing Rate + 1.29%), 4.96%, due 4/23/2028
|
608,259
(f)
|
|
|
|
7,650,000
|
7.50%, due 5/10/2029
|
7,912,877
(k)(l)
|
|
|
|
9,860,000
|
6.50%, due 8/10/2031
|
9,785,910
(k)(l)
|
|
|
|
12,596,000
|
4.37%, due 10/21/2031
|
12,192,447
(k)
|
|
|
|
4,000,000
|
6.13%, due 11/10/2034
|
3,944,356
(k)(l)
|
|
|
|
30,438,000
|
4.94%, due 10/21/2036
|
28,788,470
(k)
|
|
|
|
8,720,000
|
5.66%, due 7/21/2037
|
8,680,289
(k)
|
|
|
|
3,220,000
|
6.75%, due 10/1/2037
|
3,420,157
|
|
|
|
|
Grupo Aval Ltd.
|
|
|
|
|
1,235,000
|
4.38%, due 2/4/2030
|
1,156,269
(d)
|
|
|
|
200,000
|
4.38%, due 2/4/2030
|
187,250
(j)
|
|
|
|
6,860,000
|
Gulf International Bank BSC, 5.75%, due 6/5/2029
|
6,928,422
(j)
|
|
|
|
|
HSBC Holdings PLC
|
|
|
|
|
1,170,000
|
4.70%, due 3/9/2031
|
1,082,608
(k)(l)
|
|
|
|
3,010,000
|
6.75%, due 3/24/2031
|
3,025,848
(k)(l)
|
|
|
|
8,410,000
|
6.95%, due 8/27/2031
|
8,491,720
(k)(l)
|
|
|
|
3,240,000
|
7.00%, due 9/24/2035
|
3,284,702
(k)(l)
|
|
|
|
3,880,000
|
5.74%, due 9/10/2036
|
3,834,313
(k)
|
|
|
|
2,256,000
|
Huntington Bancshares, Inc., 4.45%, due 10/15/2027
|
2,220,627
(k)(l)
|
|
|
|
|
ING Groep NV
|
|
|
|
|
4,892,000
|
3.88%, due 5/16/2027
|
4,794,372
(k)(l)
|
|
|
|
7,160,000
|
4.25%, due 5/16/2031
|
6,403,807
(k)(l)
|
|
|
EUR
|
1,240,000
|
Intesa Sanpaolo SpA, 6.38%, due 3/30/2028
|
1,473,535
(j)(k)(l)
|
|
|
$
|
200,000
|
Itau Unibanco Holding SA, 6.00%, due 2/27/2030
|
203,190
(d)
|
|
|
|
|
JPMorgan Chase & Co.
|
|
|
|
|
1,165,000
|
(Secured Overnight Financing Rate + 0.86%), 4.49%, due 10/22/2028
|
1,168,386
(f)
|
|
|
|
385,000
|
(Secured Overnight Financing Rate + 0.80%), 4.47%, due 1/24/2029
|
386,328
(f)
|
|
|
|
3,865,000
|
6.88%, due 6/1/2029
|
3,990,670
(k)(l)
|
|
|
|
10,530,000
|
5.04%, due 7/23/2032
|
10,484,038
(k)
|
|
|
|
2,280,000
|
5.58%, due 7/23/2036
|
2,258,619
(k)
|
|
|
|
28,905,000
|
4.81%, due 10/22/2036
|
27,444,581
(k)
|
|
|
|
9,455,000
|
5.15%, due 4/23/2037
|
9,168,167
(k)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Banks – cont'd
|
|
|||
|
$
|
200,000
|
KEB Hana Bank, 3.25%, due 3/30/2027
|
$198,629
(d)
|
|
|
|
|
Kreditanstalt fuer Wiederaufbau
|
|
|
|
EUR
|
82,000
|
1.25%, due 6/30/2027
|
93,316
(j)
|
|
|
EUR
|
39,000
|
0.75%, due 1/15/2029
|
42,660
(j)
|
|
|
|
|
Lloyds Banking Group PLC
|
|
|
|
$
|
2,185,000
|
8.00%, due 9/27/2029
|
2,305,243
(k)(l)
|
|
|
|
5,874,000
|
6.07%, due 6/13/2036
|
5,933,925
(k)
|
|
|
|
3,685,000
|
M&T Bank Corp., 3.50%, due 9/1/2026
|
3,663,240
(k)(l)
|
|
|
|
|
Morgan Stanley
|
|
|
|
EUR
|
100,000
|
3.52%, due 5/22/2031
|
114,659
(k)
|
|
|
EUR
|
100,000
|
3.38%, due 1/23/2032
|
113,421
(k)
|
|
|
EUR
|
100,000
|
3.96%, due 3/21/2035
|
114,468
(k)
|
|
|
$
|
12,380,000
|
5.32%, due 7/19/2035
|
12,205,883
(k)
|
|
|
|
21,105,000
|
4.89%, due 10/22/2036
|
20,008,002
(k)
|
|
|
|
9,455,000
|
5.30%, due 4/10/2037
|
9,175,795
(k)
|
|
|
|
6,305,000
|
5.61%, due 7/17/2037
|
6,267,072
(k)
|
|
|
|
1,205,000
|
Morgan Stanley Bank NA, (Secured Overnight Financing Rate + 0.87%), 4.51%, due
5/26/2028
|
1,206,713
(f)
|
|
|
|
425,000
|
Morgan Stanley Private Bank NA, (Secured Overnight Financing Rate + 0.78%),
4.41%, due 11/17/2028
|
426,343
(f)
|
|
|
EUR
|
200,000
|
National Australia Bank Ltd., 2.35%, due 8/30/2029
|
225,123
(j)
|
|
|
|
|
National Bank of Canada
|
|
|
|
CAD
|
7,460,000
|
3.64%, due 4/13/2030
|
5,312,280
(k)
|
|
|
CAD
|
7,460,000
|
3.54%, due 1/13/2031
|
5,272,528
(k)
|
|
|
EUR
|
200,000
|
Nationale-Nederlanden Bank NV, 1.00%, due 9/25/2028
|
220,519
(j)
|
|
|
|
|
NatWest Group PLC
|
|
|
|
$
|
15,650,000
|
4.60%, due 6/28/2031
|
14,366,673
(k)(l)
|
|
|
|
4,195,000
|
8.13%, due 11/10/2033
|
4,565,012
(k)(l)
|
|
|
|
4,000,000
|
NBK SPC Ltd., 5.50%, due 6/6/2030
|
4,017,860
(d)(k)
|
|
|
|
|
Nordea Bank Abp
|
|
|
|
|
475,000
|
(Secured Overnight Financing Rate + 0.74%), 4.39%, due 3/19/2027
|
476,264
(d)(f)
|
|
|
|
3,400,000
|
3.75%, due 3/1/2029
|
3,179,000
(d)(k)(l)
|
|
|
|
260,000
|
Oversea-Chinese Banking Corp. Ltd., 4.55%, due 9/8/2035
|
254,152
(d)(k)
|
|
|
|
1,185,000
|
PNC Bank NA, (Secured Overnight Financing Rate + 0.73%), 4.39%, due 7/21/2028
|
1,187,045
(f)
|
|
|
|
|
PNC Financial Services Group, Inc.
|
|
|
|
|
7,683,000
|
3.40%, due 9/15/2026
|
7,653,617
(k)(l)
|
|
|
|
10,250,000
|
6.25%, due 3/15/2030
|
10,356,948
(k)(l)
|
|
|
|
9,075,000
|
5.37%, due 7/21/2036
|
8,969,264
(k)
|
|
|
|
4,670,000
|
5.46%, due 7/21/2037
|
4,621,996
(k)
|
|
|
|
19,225,000
|
5.42%, due 1/25/2041
|
18,427,072
(k)
|
|
|
|
|
Royal Bank of Canada
|
|
|
|
EUR
|
140,000
|
0.01%, due 10/5/2028
|
151,047
(j)
|
|
|
CAD
|
7,460,000
|
3.83%, due 3/27/2030
|
5,342,347
(k)
|
|
|
CAD
|
11,945,000
|
3.99%, due 7/22/2031
|
8,550,195
(k)
|
|
|
CAD
|
11,945,000
|
4.46%, due 10/17/2035
|
8,569,282
(k)
|
|
|
$
|
7,000,000
|
Royal Bank of Scotland International Ltd., 4.66%, due 12/16/2028
|
6,887,093
|
|
|
EUR
|
1,330,000
|
Santander U.K. Group Holdings PLC, 2.96%, due 2/16/2030
|
1,512,106
(j)(k)
|
|
|
|
|
Societe Generale SA
|
|
|
|
EUR
|
900,000
|
3.75%, due 9/2/2033
|
1,017,241
(j)(k)
|
|
|
$
|
10,990,000
|
5.40%, due 8/8/2034
|
10,739,387
(d)(k)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Banks – cont'd
|
|
|||
|
|
|
State Street Corp.
|
|
|
|
$
|
200,000
|
(Secured Overnight Financing Rate + 0.85%), 4.47%, due 8/3/2026
|
$200,000
(f)
|
|
|
|
1,005,000
|
(Secured Overnight Financing Rate + 0.64%), 4.30%, due 10/22/2027
|
1,007,923
(f)
|
|
|
|
|
Toronto-Dominion Bank
|
|
|
|
CAD
|
13,440,000
|
3.69%, due 1/9/2032
|
9,482,062
(k)
|
|
|
CAD
|
8,955,000
|
4.42%, due 10/31/2035
|
6,395,270
(k)
|
|
|
$
|
1,420,000
|
Truist Bank, (Secured Overnight Financing Rate + 0.77%), 4.44%, due 7/24/2028
|
1,421,440
(f)
|
|
|
|
2,575,000
|
Truist Financial Corp., 5.10%, due 3/1/2030
|
2,552,629
(k)(l)
|
|
|
EUR
|
100,000
|
TSB Bank PLC, 3.32%, due 3/5/2029
|
115,343
(j)
|
|
|
$
|
200,000
|
Turkiye Is Bankasi AS, 7.38%, due 4/2/2036
|
194,469
(d)(k)
|
|
|
|
|
Turkiye Vakiflar Bankasi TAO
|
|
|
|
|
280,000
|
9.00%, due 10/12/2028
|
295,281
(d)
|
|
|
|
1,750,000
|
8.99%, due 10/5/2034
|
1,795,992
(d)(k)
|
|
|
|
|
U.S. Bancorp
|
|
|
|
|
21,255,000
|
3.70%, due 1/15/2027
|
21,062,836
(k)(l)
|
|
|
|
15,550,000
|
5.08%, due 5/15/2031
|
15,571,892
(k)
|
|
|
|
2,545,000
|
4.97%, due 7/22/2033
|
2,487,934
(k)
|
|
|
|
8,455,000
|
5.42%, due 2/12/2036
|
8,441,456
(k)
|
|
|
|
1,270,000
|
U.S. Bank NA, (Secured Overnight Financing Rate + 0.69%), 4.35%, due 10/22/2027
|
1,270,928
(f)
|
|
|
|
|
UBS Group AG
|
|
|
|
|
795,000
|
4.88%, due 2/12/2027
|
792,182
(d)(k)(l)
|
|
|
|
5,115,000
|
7.00%, due 2/10/2030
|
5,173,986
(d)(k)(l)
|
|
|
|
3,370,000
|
6.63%, due 1/8/2031
|
3,360,823
(d)(k)(l)
|
|
|
|
420,000
|
4.38%, due 2/10/2031
|
381,869
(d)(k)(l)
|
|
|
|
9,160,000
|
9.25%, due 11/13/2033
|
10,472,546
(d)(k)(l)
|
|
|
|
3,225,000
|
7.00%, due 1/8/2036
|
3,207,520
(d)(k)(l)
|
|
|
|
|
UniCredit SpA
|
|
|
|
EUR
|
250,000
|
3.88%, due 6/3/2027
|
287,114
(j)(k)(l)
|
|
|
EUR
|
2,125,000
|
5.38%, due 4/16/2034
|
2,532,918
(j)(k)
|
|
|
$
|
1,155,000
|
Walker & Dunlop, Inc., 6.63%, due 4/1/2033
|
1,156,596
(d)
|
|
|
|
|
Wells Fargo & Co.
|
|
|
|
|
335,000
|
(Secured Overnight Financing Rate + 1.07%), 4.73%, due 4/22/2028
|
336,280
(f)
|
|
|
|
1,305,000
|
(Secured Overnight Financing Rate + 0.72%), 4.36%, due 5/20/2029
|
1,305,679
(f)
|
|
|
|
4,510,000
|
6.85%, due 9/15/2029
|
4,642,558
(k)(l)
|
|
|
|
17,795,000
|
5.15%, due 4/23/2031
|
17,868,753
(k)
|
|
|
|
15,120,000
|
6.13%, due 6/15/2031
|
15,109,675
(k)(l)
|
|
|
|
12,000,000
|
5.56%, due 7/25/2034
|
12,095,657
(k)
|
|
|
|
26,320,000
|
4.89%, due 9/15/2036
|
25,170,997
(k)
|
|
|
|
|
Yapi ve Kredi Bankasi AS
|
|
|
|
|
200,000
|
9.25%, due 10/16/2028
|
211,697
(d)
|
|
|
|
600,000
|
9.74%, due 4/4/2029
|
608,943
(d)(k)(l)
|
|
|
|
|
|
807,318,101
|
|
|
Beverages 0.2%
|
|
|||
|
EUR
|
1,680,000
|
Anheuser-Busch InBev SA, 3.75%, due 3/22/2037
|
1,888,482
(j)
|
|
|
$
|
10,000,000
|
L&M Co., 5.84%, due 11/30/2030
|
9,683,705
|
|
|
EUR
|
1,904,000
|
Primo Water Holdings, Inc./Triton Water Holdings, Inc., 3.88%, due 10/31/2028
|
2,191,294
(j)
|
|
|
|
|
|
13,763,481
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Building Materials 0.3%
|
|
|||
|
|
|
Builders FirstSource, Inc.
|
|
|
|
$
|
1,010,000
|
6.38%, due 3/1/2034
|
$991,055
(d)
|
|
|
|
925,000
|
6.75%, due 5/15/2035
|
915,805
(d)
|
|
|
|
6,269,743
|
Cornerstone Building Brands, Inc., 9.50%, due 8/15/2029
|
3,220,267
(d)
|
|
|
|
|
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
|
|
|
|
EUR
|
937,000
|
6.38%, due 12/15/2030
|
1,112,426
(j)
|
|
|
$
|
2,595,000
|
6.75%, due 7/15/2031
|
2,661,520
(d)
|
|
|
|
5,064,286
|
JELD-WEN Holding, Inc., 7.00%, due 9/1/2032
|
3,086,990
(d)
|
|
|
|
1,120,000
|
Jeld-Wen, Inc., 4.88%, due 12/15/2027
|
901,367
(d)
|
|
|
|
45,000
|
JH North America Holdings, Inc., 6.13%, due 7/31/2032
|
45,035
(d)
|
|
|
|
1,125,000
|
Masterbrand, Inc., 7.00%, due 7/15/2032
|
1,125,636
(d)
|
|
|
|
430,000
|
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032
|
423,376
(d)
|
|
|
|
925,000
|
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
|
856,035
(d)
|
|
|
|
|
Quikrete Holdings, Inc.
|
|
|
|
|
1,010,000
|
6.38%, due 3/1/2032
|
1,022,326
(d)
|
|
|
|
2,570,000
|
6.75%, due 3/1/2033
|
2,603,979
(d)
|
|
|
|
2,490,000
|
Standard Building Solutions, Inc., 6.25%, due 8/1/2033
|
2,462,791
(d)
|
|
|
|
|
|
21,428,608
|
|
|
Capital Markets 0.1%
|
|
|||
|
|
|
Cliffwater Corporate Lending Fund
|
|
|
|
|
5,000,000
|
5.19%, due 12/22/2028
|
4,863,138
|
|
|
|
5,000,000
|
5.37%, due 12/22/2030
|
4,770,263
|
|
|
|
|
|
9,633,401
|
|
|
Chemicals 0.6%
|
|
|||
|
|
200,000
|
Alpek SAB de CV, 4.25%, due 9/18/2029
|
188,188
(j)
|
|
|
EUR
|
1,415,000
|
Ashland Services BV, 2.00%, due 1/30/2028
|
1,592,041
(j)
|
|
|
|
|
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2
|
|
|
|
EUR
|
1,619,000
|
6.50%, due 6/15/2033
|
1,877,272
(j)
|
|
|
$
|
2,752,000
|
7.13%, due 6/15/2033
|
2,769,010
(d)
|
|
|
|
|
Celanese U.S. Holdings LLC
|
|
|
|
|
1,005,000
|
7.55%, due 11/15/2030
|
1,057,932
|
|
|
|
325,000
|
7.00%, due 2/15/2031
|
333,221
|
|
|
EUR
|
2,047,000
|
5.00%, due 4/15/2031
|
2,379,705
|
|
|
$
|
895,000
|
7.38%, due 7/15/2032
|
936,450
|
|
|
|
885,000
|
7.70%, due 11/15/2033
|
936,809
|
|
|
|
335,000
|
7.38%, due 2/15/2034
|
344,596
|
|
|
|
|
FMC Corp.
|
|
|
|
|
230,000
|
3.45%, due 10/1/2029
|
211,364
|
|
|
|
320,000
|
8.00%, due 6/1/2031
|
330,889
(d)
|
|
|
|
230,000
|
6.38%, due 5/18/2053
|
179,034
|
|
|
|
175,000
|
8.45%, due 11/1/2055
|
131,628
(k)
|
|
|
EUR
|
825,000
|
Italmatch Chemicals SpA, 6.25%, due 2/5/2031
|
962,932
(j)
|
|
|
EUR
|
1,652,000
|
Kronos International, Inc., 9.50%, due 3/15/2029
|
1,834,704
(j)
|
|
|
EUR
|
1,800,000
|
Lanxess AG, 1.75%, due 3/22/2028
|
2,014,450
(j)
|
|
|
$
|
200,000
|
Momentive Performance Materials, Inc., 4.13%, due 10/22/2028
|
197,294
(d)
|
|
|
|
|
Olympus Water U.S. Holding Corp.
|
|
|
|
EUR
|
2,283,000
|
3.88%, due 10/1/2028
|
2,617,856
(j)
|
|
|
$
|
860,000
|
4.25%, due 10/1/2028
|
830,122
(d)
|
|
|
|
1,970,000
|
6.25%, due 10/1/2029
|
1,945,146
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Chemicals – cont'd
|
|
|||
|
$
|
2,245,000
|
7.25%, due 6/15/2031
|
$2,268,642
(d)
|
|
|
|
2,231,000
|
6.75%, due 8/1/2032
|
2,171,328
(d)
|
|
|
EUR
|
1,414,000
|
6.13%, due 2/15/2033
|
1,626,382
(j)
|
|
|
$
|
1,937,000
|
7.25%, due 2/15/2033
|
1,897,426
(d)
|
|
|
|
|
Sasol Financing USA LLC
|
|
|
|
|
200,000
|
8.75%, due 5/3/2029
|
209,921
(j)
|
|
|
|
230,000
|
8.75%, due 4/10/2033
|
239,775
(d)
|
|
|
|
|
SCIH Salt Holdings, Inc.
|
|
|
|
|
225,000
|
4.88%, due 5/1/2028
|
224,989
(d)
|
|
|
|
1,355,000
|
6.63%, due 5/1/2029
|
1,355,000
(d)
|
|
|
|
3,960,000
|
6.63%, due 8/15/2031
|
3,959,290
(d)(i)
|
|
|
|
2,050,000
|
8.00%, due 8/15/2032
|
2,034,505
(d)(i)
|
|
|
EUR
|
757,000
|
SNF Group SACA, 4.50%, due 3/15/2032
|
883,779
(j)
|
|
|
|
|
Sociedad Quimica y Minera de Chile SA
|
|
|
|
$
|
897,000
|
6.50%, due 11/7/2033
|
939,431
(d)
|
|
|
|
1,140,000
|
5.50%, due 9/10/2034
|
1,122,786
(d)
|
|
|
EUR
|
100,000
|
Synthomer PLC, 7.38%, due 5/2/2029
|
94,734
(j)
|
|
|
|
|
WR Grace Holdings LLC
|
|
|
|
$
|
1,235,000
|
5.63%, due 8/15/2029
|
1,133,869
(d)
|
|
|
|
1,055,000
|
7.38%, due 3/1/2031
|
1,046,061
(d)
|
|
|
|
3,640,000
|
6.63%, due 8/15/2032
|
3,465,344
(d)
|
|
|
|
1,957,000
|
7.00%, due 8/1/2033
|
1,874,501
(d)
|
|
|
|
|
|
50,218,406
|
|
|
Commercial Services 1.2%
|
|
|||
|
|
|
AA Bond Co. Ltd.
|
|
|
|
GBP
|
570,000
|
5.50%, due 7/31/2050
|
750,341
(j)
|
|
|
GBP
|
1,509,000
|
8.45%, due 7/31/2050
|
2,121,558
(j)
|
|
|
$
|
1,980,000
|
ADT Security Corp., 5.88%, due 10/15/2033
|
1,919,854
(d)
|
|
|
EUR
|
1,405,000
|
Aegis Lux 1a SARL, 5.63%, due 10/29/2031
|
1,640,917
(j)(m)
|
|
|
|
|
Albion Financing 1 SARL/Aggreko Holdings, Inc.
|
|
|
|
EUR
|
2,214,000
|
5.38%, due 5/21/2030
|
2,622,589
(j)
|
|
|
$
|
2,235,000
|
7.00%, due 5/21/2030
|
2,276,734
(d)
|
|
|
|
3,100,000
|
Allied Universal Holdco LLC, 7.88%, due 2/15/2031
|
3,218,581
(d)
|
|
|
|
|
Allied Universal Holdco LLC/Allied Universal Finance Corp.
|
|
|
|
|
2,810,000
|
6.00%, due 6/1/2029
|
2,785,267
(d)
|
|
|
|
870,000
|
6.88%, due 6/15/2030
|
888,971
(d)
|
|
|
|
|
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL
|
|
|
|
EUR
|
415,000
|
3.63%, due 6/1/2028
|
476,223
(j)
|
|
|
GBP
|
1,819,000
|
4.88%, due 6/1/2028
|
2,425,355
(j)
|
|
|
EUR
|
1,554,000
|
Amber Finco PLC, 6.63%, due 7/15/2029
|
1,848,927
(j)
|
|
|
|
|
BCP V Modular Services Finance II PLC
|
|
|
|
EUR
|
480,000
|
4.75%, due 11/30/2028
|
518,869
(j)
|
|
|
GBP
|
1,031,000
|
6.13%, due 11/30/2028
|
1,296,413
(j)
|
|
|
|
|
Block, Inc.
|
|
|
|
$
|
690,000
|
5.63%, due 8/15/2030
|
686,470
(d)
|
|
|
|
2,195,000
|
6.50%, due 5/15/2032
|
2,217,617
|
|
|
|
695,000
|
6.00%, due 8/15/2033
|
689,224
(d)
|
|
|
EUR
|
1,962,000
|
Boels Topholding BV, 5.75%, due 5/15/2030
|
2,303,962
(j)
|
|
|
$
|
2,765,000
|
Carrix, Inc., 6.13%, due 8/1/2033
|
2,752,229
(d)
|
|
|
|
450,000
|
Clarivate Science Holdings Corp., 4.88%, due 7/1/2029
|
414,367
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Commercial Services – cont'd
|
|
|||
|
$
|
247,000
|
CMHI Finance BVI Co. Ltd., 4.00%, due 6/1/2027
|
$245,885
(j)
|
|
|
|
1,000,000
|
Cornell University, 4.73%, due 6/15/2035
|
964,690
|
|
|
EUR
|
1,676,000
|
Currenta Group Holdings SARL, 5.50%, due 5/15/2030
|
1,952,547
(j)
|
|
|
|
|
EquipmentShare.com, Inc.
|
|
|
|
$
|
1,000,000
|
8.63%, due 5/15/2032
|
1,022,728
(d)
|
|
|
|
5,905,000
|
8.00%, due 3/15/2033
|
5,949,713
(d)
|
|
|
|
675,000
|
7.13%, due 7/1/2034
|
644,711
(d)
|
|
|
|
|
Garda World Security Corp.
|
|
|
|
|
760,000
|
6.00%, due 6/1/2029
|
748,985
(d)
|
|
|
|
3,615,000
|
6.50%, due 1/15/2031
|
3,654,783
(d)
|
|
|
|
3,553,000
|
8.25%, due 8/1/2032
|
3,603,026
(d)
|
|
|
|
600,000
|
8.38%, due 11/15/2032
|
609,595
(d)
|
|
|
|
2,055,000
|
Georgetown University, 2.94%, due 4/1/2050
|
1,255,991
|
|
|
|
|
Herc Holdings, Inc.
|
|
|
|
|
1,826,000
|
7.00%, due 6/15/2030
|
1,883,097
(d)
|
|
|
|
385,000
|
5.75%, due 3/15/2031
|
381,180
(d)
|
|
|
|
2,439,000
|
7.25%, due 6/15/2033
|
2,516,709
(d)
|
|
|
|
1,960,000
|
6.00%, due 3/15/2034
|
1,921,643
(d)
|
|
|
EUR
|
100,000
|
ION Platform Finance SARL, 7.88%, due 5/1/2029
|
107,925
(j)
|
|
|
EUR
|
1,435,000
|
Kapla Holding SAS, 5.00%, due 4/30/2031
|
1,658,272
(j)
|
|
|
$
|
940,000
|
Mavis Tire Express Services Topco Corp., 6.50%, due 5/15/2029
|
925,541
(d)
|
|
|
EUR
|
1,720,000
|
Motability Operations Group PLC, 4.13%, due 2/4/2038
|
1,919,871
(j)
|
|
|
EUR
|
1,090,000
|
Multiversity SpA, 7.13%, due 5/17/2031
|
1,289,270
(j)
|
|
|
$
|
615,000
|
PayPal Holdings, Inc., (Secured Overnight Financing Rate + 0.67%), 4.32%, due
3/6/2028
|
615,718
(f)
|
|
|
EUR
|
2,994,000
|
Q-Park Holding I BV, 5.13%, due 2/15/2030
|
3,507,472
(j)
|
|
|
|
|
RAC Bond Co. PLC
|
|
|
|
GBP
|
150,000
|
5.75%, due 5/6/2046
|
202,775
(j)
|
|
|
GBP
|
1,107,000
|
5.25%, due 11/4/2046
|
1,475,357
(j)
|
|
|
|
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.
|
|
|
|
$
|
3,260,000
|
6.75%, due 8/15/2032
|
3,264,616
(d)
|
|
|
EUR
|
1,455,000
|
5.50%, due 5/15/2033
|
1,643,951
(j)
|
|
|
$
|
3,727,000
|
Synergy Infrastructure Holdings LLC, 7.00%, due 7/15/2034
|
3,759,824
(d)
|
|
|
|
|
Techem Verwaltungsgesellschaft 675 GmbH
|
|
|
|
EUR
|
3,200,000
|
5.38%, due 7/15/2029
|
3,771,579
(j)
|
|
|
EUR
|
915,000
|
4.63%, due 7/15/2032
|
1,051,425
(j)
|
|
|
$
|
1,715,000
|
VM Consolidated, Inc., 5.50%, due 4/15/2029
|
1,602,899
(d)
|
|
|
|
5,690,000
|
Wand NewCo 3, Inc., 7.63%, due 1/30/2032
|
5,841,860
(d)
|
|
|
|
950,000
|
WEX, Inc., 6.50%, due 3/15/2033
|
943,932
(d)
|
|
|
|
|
Williams Scotsman, Inc.
|
|
|
|
|
1,055,000
|
6.63%, due 4/15/2030
|
1,078,729
(d)
|
|
|
|
1,097,000
|
7.38%, due 10/1/2031
|
1,131,050
(d)
|
|
|
|
|
|
97,001,817
|
|
|
Computers 0.2%
|
|
|||
|
|
518,000
|
Ahead DB Holdings LLC, 6.63%, due 5/1/2028
|
518,099
(d)
|
|
|
|
4,730,000
|
Amentum Holdings, Inc., 7.25%, due 8/1/2032
|
4,859,569
(d)
|
|
|
|
|
Atos Group
|
|
|
|
EUR
|
1,335,916
|
5.20%, due 12/18/2030
|
1,488,331
(j)(n)
|
|
|
EUR
|
1,432,000
|
(3 mo. EUR EURIBOR + 5.25%), 7.66%, due 5/21/2031
|
1,587,797
(f)(j)
|
|
|
$
|
4,315,000
|
CACI International, Inc., 6.38%, due 6/15/2033
|
4,348,391
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Computers – cont'd
|
|
|||
|
EUR
|
100,000
|
DXC Capital Funding DAC, 4.25%, due 12/9/2030
|
$112,284
(j)
|
|
|
$
|
2,020,000
|
Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031
|
2,055,313
(d)
|
|
|
|
1,025,000
|
Insight Enterprises, Inc., 6.63%, due 5/15/2032
|
1,030,733
(d)
|
|
|
|
2,275,000
|
McAfee Corp., 7.38%, due 2/15/2030
|
1,928,916
(d)
|
|
|
|
1,110,000
|
Science Applications International Corp., 5.88%, due 11/1/2033
|
1,086,468
(d)
|
|
|
|
|
|
19,015,901
|
|
|
Cosmetics - Personal Care 0.0%‡
|
|
|||
|
|
200,000
|
Natura &Co. Luxembourg Holdings SARL, 4.13%, due 5/3/2028
|
187,765
(d)
|
|
|
EUR
|
1,150,000
|
Perrigo Finance Unlimited Co., 5.38%, due 9/30/2032
|
1,287,724
|
|
|
$
|
395,000
|
Prestige Brands, Inc., 6.25%, due 7/15/2034
|
396,116
(d)
|
|
|
|
|
|
1,871,605
|
|
|
Distribution - Wholesale 0.3%
|
|
|||
|
|
2,302,000
|
ADI Escrow Issuer LLC, 7.13%, due 7/15/2034
|
2,346,760
(d)
|
|
|
EUR
|
1,419,000
|
Azelis Finance NV, 4.75%, due 9/25/2029
|
1,660,371
(j)
|
|
|
EUR
|
1,204,000
|
Cesar SpA, 6.50%, due 9/30/2031
|
1,423,583
(j)
|
|
|
$
|
725,000
|
Core & Main LP, 6.00%, due 7/1/2034
|
720,949
(d)
|
|
|
|
1,305,000
|
Dealer Tire Financial LLC, 10.38%, due 10/1/2031
|
1,267,471
(d)
|
|
|
|
4,496,000
|
Resideo Funding II LLC, 6.50%, due 7/15/2032
|
4,497,515
(d)
|
|
|
|
360,000
|
S&S Holdings LLC, 8.38%, due 10/1/2031
|
347,633
(d)
|
|
|
|
6,000,000
|
Traxys North America LLC, 6.59%, due 6/15/2031
|
5,848,754
|
|
|
|
2,840,000
|
Veritiv Operating Co., 10.50%, due 11/30/2030
|
2,913,641
(d)
|
|
|
|
5,880,000
|
Windsor Holdings III LLC, 8.50%, due 6/15/2030
|
6,117,887
(d)
|
|
|
|
|
|
27,144,564
|
|
|
Diversified Financial Services 1.5%
|
|
|||
|
|
|
AITX FinCo LLC
|
|
|
|
|
3,000,000
|
5.38%, due 10/23/2030
|
2,944,276
|
|
|
|
5,000,000
|
6.00%, due 10/23/2035
|
4,868,428
|
|
|
|
2,408,000
|
Ally Financial, Inc., 4.70%, due 5/15/2028
|
2,326,640
(k)(l)
|
|
|
|
1,415,000
|
American Express Co., (Secured Overnight Financing Rate Index + 1.00%), 4.63%,
due 2/16/2028
|
1,418,650
(f)
|
|
|
|
770,000
|
Azorra Finance Ltd., 6.25%, due 2/15/2034
|
755,197
(d)
|
|
|
|
6,000,000
|
BAM Global LLC, 6.03%, due 4/15/2033
|
5,803,780
|
|
|
|
200,000
|
Banco BTG Pactual SA, 6.25%, due 4/8/2029
|
202,800
(d)
|
|
|
|
|
BPCE SFH SA
|
|
|
|
EUR
|
100,000
|
3.13%, due 1/24/2028
|
115,448
(j)
|
|
|
EUR
|
200,000
|
3.00%, due 3/24/2032
|
225,355
(j)
|
|
|
|
|
Capital One Financial Corp.
|
|
|
|
$
|
760,000
|
7.15%, due 10/29/2027
|
764,318
(k)
|
|
|
|
3,865,000
|
6.18%, due 1/30/2036
|
3,876,184
(k)
|
|
|
|
2,670,000
|
Champions Financing, Inc., 8.75%, due 2/15/2029
|
2,641,979
(d)
|
|
|
|
|
Charles Schwab Corp.
|
|
|
|
|
2,510,000
|
5.00%, due 6/1/2027
|
2,505,324
(k)(l)
|
|
|
|
5,557,000
|
4.00%, due 12/1/2030
|
5,131,674
(k)(l)
|
|
|
|
|
Citigroup Global Markets Holdings, Inc.
|
|
|
|
PKR
|
1,200,000,000
|
9.90%, due 7/19/2030
|
4,241,915
(d)
|
|
|
PKR
|
300,000,000
|
9.44%, due 1/17/2031
|
1,037,362
(d)
|
|
|
BDT
|
874,000,000
|
10.25%, due 8/27/2031
|
7,168,142
(d)
|
|
|
|
12,000,000
|
Clear Street Holdings LLC, 8.00%, due 9/30/2030
|
12,059,487
(d)
|
|
|
EUR
|
100,000
|
Credit Mutuel Home Loan SFH SA, 2.75%, due 12/8/2027
|
114,994
(j)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Diversified Financial Services – cont'd
|
|
|||
|
EUR
|
1,304,000
|
doValue SpA, 5.38%, due 11/15/2031
|
$1,516,369
(j)
|
|
|
$
|
1,145,000
|
Focus Financial Partners LLC, 6.75%, due 9/15/2031
|
1,137,844
(d)
|
|
|
|
1,010,000
|
Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032
|
1,014,443
(d)
|
|
|
|
1,290,000
|
Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027
|
1,310,542
(d)
|
|
|
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
|
|
2,055,000
|
7.13%, due 4/30/2031
|
2,120,807
(d)
|
|
|
|
800,000
|
6.13%, due 11/1/2032
|
795,999
(d)
|
|
|
|
1,800,000
|
6.75%, due 5/1/2033
|
1,834,414
(d)
|
|
|
EUR
|
100,000
|
Jefferies Financial Group, Inc., 4.50%, due 7/15/2033
|
115,216
|
|
|
GBP
|
1,443,000
|
Jerrold Finco PLC, 7.50%, due 6/15/2031
|
1,968,624
(j)
|
|
|
|
|
Lakeview Loan Servicing LLC
|
|
|
|
$
|
8,000,000
|
5.36%, due 12/2/2030
|
7,794,467
|
|
|
|
2,000,000
|
5.65%, due 12/2/2032
|
1,936,797
|
|
|
|
265,000
|
Mastercard, Inc., (Secured Overnight Financing Rate Index + 0.44%), 4.09%, due
3/15/2028
|
265,334
(f)
|
|
|
EUR
|
200,000
|
MMB SCF SACA, 0.05%, due 9/17/2029
|
208,166
(j)
|
|
|
|
|
Muthoot Finance Ltd.
|
|
|
|
$
|
200,000
|
7.13%, due 2/14/2028
|
201,191
(d)
|
|
|
|
200,000
|
6.38%, due 3/2/2030
|
198,419
(d)
|
|
|
|
200,000
|
5.75%, due 8/4/2030
|
194,679
(d)
|
|
|
|
|
Navient Corp.
|
|
|
|
|
235,000
|
4.88%, due 3/15/2028
|
229,696
|
|
|
|
350,000
|
5.50%, due 3/15/2029
|
335,225
|
|
|
|
510,000
|
7.88%, due 6/15/2032
|
477,807
|
|
|
|
|
OneMain Finance Corp.
|
|
|
|
|
490,000
|
6.63%, due 5/15/2029
|
495,994
|
|
|
|
2,095,000
|
6.13%, due 5/15/2030
|
2,082,417
|
|
|
|
880,000
|
7.50%, due 5/15/2031
|
902,000
|
|
|
|
2,195,000
|
7.13%, due 11/15/2031
|
2,224,391
|
|
|
|
1,160,000
|
6.75%, due 3/15/2032
|
1,154,379
|
|
|
|
595,000
|
7.13%, due 9/15/2032
|
601,230
|
|
|
|
210,000
|
6.50%, due 3/15/2033
|
205,013
|
|
|
|
235,000
|
6.75%, due 9/15/2033
|
231,212
|
|
|
|
|
PennyMac Financial Services, Inc.
|
|
|
|
|
1,275,000
|
7.88%, due 12/15/2029
|
1,309,085
(d)
|
|
|
|
230,000
|
5.75%, due 9/15/2031
|
213,194
(d)
|
|
|
|
1,225,000
|
Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029
|
1,264,833
(d)
|
|
|
|
|
Rocket Cos., Inc.
|
|
|
|
|
655,000
|
6.50%, due 8/1/2029
|
663,603
(d)
|
|
|
|
655,000
|
6.13%, due 8/1/2030
|
660,310
(d)
|
|
|
|
1,185,000
|
6.13%, due 8/1/2031
|
1,190,400
(d)
|
|
|
|
2,085,000
|
6.38%, due 8/1/2033
|
2,097,390
(d)
|
|
|
|
200,000
|
Shriram Finance Ltd., 6.63%, due 4/22/2027
|
201,887
(d)
|
|
|
|
|
SLM Corp.
|
|
|
|
|
1,285,000
|
6.50%, due 1/31/2030
|
1,299,740
|
|
|
|
660,000
|
6.50%, due 5/15/2032
|
657,637
(k)
|
|
|
|
7,810,000
|
Synchrony Financial, 7.25%, due 8/15/2031
|
7,681,544
(k)(l)
|
|
|
|
|
Terminal Investment Corp.
|
|
|
|
|
4,000,000
|
6.08%, due 7/9/2037
|
3,863,654
|
|
|
|
5,000,000
|
6.23%, due 10/1/2040
|
4,786,571
|
|
|
|
1,360,000
|
Velocity Commercial Capital LLC, 9.38%, due 2/15/2031
|
1,399,750
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Diversified Financial Services – cont'd
|
|
|||
|
$
|
2,843,000
|
WS Escrow LLC, 7.75%, due 6/1/2033
|
$2,941,530
(d)
|
|
|
|
2,158,000
|
XP, Inc., 6.75%, due 7/2/2029
|
2,193,395
(d)
|
|
|
|
|
|
122,179,151
|
|
|
Electric 3.3%
|
|
|||
|
EUR
|
1,953,000
|
A2A SpA, 5.00%, due 6/11/2029
|
2,282,414
(j)(k)(l)
|
|
|
$
|
2,980,000
|
Abu Dhabi National Energy Co. PJSC, 4.75%, due 3/9/2037
|
2,788,254
(d)
|
|
|
|
9,645,000
|
Alliant Energy Corp., 5.75%, due 4/1/2056
|
9,458,412
(k)
|
|
|
|
|
Alpha Generation LLC
|
|
|
|
|
4,960,000
|
6.75%, due 10/15/2032
|
5,003,241
(d)
|
|
|
|
3,823,000
|
6.25%, due 1/15/2034
|
3,735,820
(d)
|
|
|
|
|
American Electric Power Co., Inc.
|
|
|
|
|
6,735,000
|
7.05%, due 12/15/2054
|
6,955,217
(k)
|
|
|
|
4,640,000
|
6.05%, due 3/15/2056
|
4,559,872
(k)
|
|
|
EUR
|
100,000
|
AusNet Services Holdings Pty. Ltd., 1.63%, due 3/11/2081
|
115,114
(j)(k)
|
|
|
|
|
CenterPoint Energy, Inc.
|
|
|
|
$
|
10,620,000
|
6.70%, due 5/15/2055
|
10,797,789
(k)
|
|
|
|
9,920,000
|
5.95%, due 4/1/2056
|
9,812,157
(k)
|
|
|
|
9,570,000
|
Chpe LLC, 5.35%, due 6/30/2036
|
9,322,660
(d)
|
|
|
|
495,000
|
Clearway Energy Operating LLC, 5.75%, due 1/15/2034
|
477,304
(d)
|
|
|
|
|
CMS Energy Corp.
|
|
|
|
|
8,225,000
|
3.75%, due 12/1/2050
|
7,578,080
(k)
|
|
|
|
12,585,000
|
6.50%, due 6/1/2055
|
12,732,786
(k)
|
|
|
|
|
Comision Federal de Electricidad
|
|
|
|
|
1,710,000
|
5.70%, due 1/24/2030
|
1,705,041
(d)
|
|
|
|
265,000
|
3.35%, due 2/9/2031
|
237,237
(j)
|
|
|
|
1,610,000
|
6.50%, due 1/28/2051
|
1,529,291
(d)
|
|
|
|
560,000
|
Consolidated Edison Co. of New York, Inc., (Secured Overnight Financing Rate
Index + 0.52%), 4.15%, due 11/18/2027
|
560,688
(f)
|
|
|
|
190,000
|
Constellation Energy Generation LLC, (Secured Overnight Financing Rate + 0.60%),
4.26%, due 1/8/2028
|
190,226
(f)
|
|
|
|
|
COX Asset Mexico SA de CV
|
|
|
|
|
1,590,000
|
7.13%, due 1/8/2032
|
1,582,025
(d)
|
|
|
|
9,480,000
|
7.75%, due 5/8/2036
|
9,494,220
(d)
|
|
|
|
|
Dominion Energy, Inc.
|
|
|
|
|
8,495,000
|
6.63%, due 5/15/2055
|
8,558,772
(k)
|
|
|
|
2,145,000
|
6.20%, due 2/15/2056
|
2,111,628
(k)
|
|
|
|
|
EDP SA
|
|
|
|
EUR
|
1,600,000
|
4.75%, due 5/29/2054
|
1,861,356
(j)(k)
|
|
|
EUR
|
4,000,000
|
4.63%, due 9/16/2054
|
4,622,592
(j)(k)
|
|
|
EUR
|
1,000,000
|
1.88%, due 3/14/2082
|
1,074,798
(j)(k)
|
|
|
|
|
Electricite de France SA
|
|
|
|
EUR
|
3,400,000
|
2.63%, due 12/1/2027
|
3,833,503
(j)(k)(l)
|
|
|
EUR
|
6,800,000
|
7.50%, due 9/6/2028
|
8,318,868
(j)(k)(l)
|
|
|
EUR
|
2,600,000
|
4.38%, due 1/6/2031
|
2,920,999
(j)(k)(l)
|
|
|
GBP
|
3,800,000
|
7.38%, due 6/17/2035
|
5,289,188
(j)(k)(l)
|
|
|
$
|
12,735,000
|
5.25%, due 4/22/2036
|
12,269,571
(d)
|
|
|
EUR
|
100,000
|
4.63%, due 1/25/2043
|
111,688
(j)
|
|
|
EUR
|
1,500,000
|
4.63%, due 5/7/2045
|
1,646,119
(j)
|
|
|
EUR
|
3,500,000
|
Elia Group SA, 5.85%, due 3/15/2028
|
4,147,205
(j)(k)(l)
|
|
|
EUR
|
2,325,000
|
Enel SpA, 4.50%, due 10/14/2032
|
2,636,182
(j)(k)(l)
|
|
|
EUR
|
715,000
|
Energia Group Roi Financeco DAC, 6.88%, due 7/31/2028
|
837,895
(j)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Electric – cont'd
|
|
|||
|
|
|
Eversource Energy
|
|
|
|
$
|
4,290,000
|
6.10%, due 8/15/2056
|
$4,265,953
(k)
|
|
|
|
9,545,000
|
6.35%, due 8/15/2056
|
9,499,031
(k)
|
|
|
|
5,119,350
|
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, due
1/31/2041
|
5,081,979
(d)
|
|
|
|
565,000
|
Georgia Power Co., (Secured Overnight Financing Rate Index + 0.28%), 3.93%, due
9/15/2026
|
565,039
(f)
|
|
|
|
10,000,000
|
National Rural Utilities Cooperative Finance Corp., 5.75%, due 4/20/2056
|
9,694,265
|
|
|
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
|
1,350,000
|
(Secured Overnight Financing Rate Index + 0.80%), 4.43%, due 2/4/2028
|
1,355,180
(f)
|
|
|
|
3,315,000
|
6.38%, due 8/15/2055
|
3,327,932
(k)
|
|
|
EUR
|
1,230,000
|
4.50%, due 5/15/2056
|
1,368,078
(k)
|
|
|
$
|
4,690,000
|
6.20%, due 10/1/2056
|
4,583,057
(k)
|
|
|
|
4,690,000
|
6.63%, due 10/1/2066
|
4,567,951
(k)
|
|
|
|
|
NRG Energy, Inc.
|
|
|
|
|
3,480,000
|
5.75%, due 7/15/2029
|
3,477,998
(d)
|
|
|
|
775,000
|
6.00%, due 2/1/2033
|
772,670
(d)
|
|
|
|
710,000
|
5.75%, due 1/15/2034
|
691,471
(d)
|
|
|
|
220,000
|
5.88%, due 5/15/2034
|
215,974
(d)
|
|
|
|
375,000
|
6.00%, due 1/15/2036
|
366,891
(d)
|
|
|
|
|
Orsted AS
|
|
|
|
GBP
|
640,000
|
5.38%, due 9/13/2042
|
736,635
(j)
|
|
|
EUR
|
2,778,000
|
1.75%, due 12/31/2099
|
3,104,883
(j)(k)
|
|
|
EUR
|
2,887,000
|
5.13%, due 12/31/2099
|
3,376,179
(j)(k)
|
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
$
|
2,646,794
|
4.95%, due 7/1/2050
|
2,135,351
|
|
|
|
3,057,000
|
6.10%, due 10/15/2055
|
2,850,041
|
|
|
|
3,120,000
|
PG&E Corp., 6.85%, due 9/15/2056
|
3,087,448
(k)
|
|
|
|
200,000
|
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, due
7/14/2028
|
194,038
(j)
|
|
|
EUR
|
100,000
|
RWE AG, 4.63%, due 6/18/2055
|
114,418
(j)(k)
|
|
|
$
|
1,330,000
|
Saavi Energia SARL, 8.88%, due 2/10/2035
|
1,437,464
(d)
|
|
|
|
|
Sempra
|
|
|
|
|
9,719,000
|
6.40%, due 10/1/2054
|
9,670,772
(k)
|
|
|
|
2,460,000
|
6.38%, due 4/1/2056
|
2,467,633
(k)
|
|
|
|
9,650,000
|
Sierra Pacific Power Co., 6.38%, due 9/15/2056
|
9,596,151
(k)
|
|
|
EUR
|
3,088,000
|
Southern Co., 1.88%, due 9/15/2081
|
3,493,049
(k)
|
|
|
$
|
9,665,070
|
Sunflower Electric Power Corp., 5.75%, due 6/30/2055
|
9,299,706
|
|
|
|
|
Talen Energy Supply LLC
|
|
|
|
|
3,338,000
|
6.25%, due 2/1/2034
|
3,273,947
(d)
|
|
|
|
1,405,000
|
6.50%, due 2/1/2036
|
1,387,473
(d)
|
|
|
EUR
|
100,000
|
Tennet Netherlands BV, 1.50%, due 6/3/2039
|
90,400
(j)
|
|
|
$
|
2,470,000
|
VoltaGrid LLC, 7.38%, due 11/1/2030
|
2,482,277
(d)
|
|
|
|
1,330,000
|
XPLR Infrastructure Operating Partners LP, 7.75%, due 4/15/2034
|
1,392,817
(d)
|
|
|
|
|
|
271,182,363
|
|
|
Electrical Components & Equipment 0.2%
|
|
|||
|
|
|
Belden, Inc.
|
|
|
|
EUR
|
933,000
|
3.38%, due 7/15/2031
|
1,023,406
(j)
|
|
|
EUR
|
1,250,000
|
4.25%, due 2/1/2033
|
1,396,405
(j)
|
|
|
EUR
|
2,230,000
|
Energizer Gamma Acquisition BV, 3.50%, due 6/30/2029
|
2,519,059
(j)
|
|
|
$
|
1,175,000
|
EnerSys, 6.63%, due 1/15/2032
|
1,189,051
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Electrical Components & Equipment – cont'd
|
|
|||
|
EUR
|
2,500,000
|
Nexans SA, 4.25%, due 3/11/2030
|
$2,917,687
(j)
|
|
|
EUR
|
2,611,000
|
Prysmian SpA, 5.25%, due 5/21/2030
|
3,083,432
(j)(k)(l)
|
|
|
|
|
|
12,129,040
|
|
|
Electronics 0.0%‡
|
|
|||
|
$
|
900,000
|
Amphenol Corp., (Secured Overnight Financing Rate + 0.53%), 4.16%, due
11/15/2027
|
901,333
(f)
|
|
|
|
2,220,000
|
Sensata Technologies, Inc., 6.63%, due 7/15/2032
|
2,272,720
(d)
|
|
|
|
|
|
3,174,053
|
|
|
Energy - Alternate Sources 0.0%‡
|
|
|||
|
|
1,520,000
|
FS Luxembourg SARL, 8.63%, due 6/25/2033
|
1,447,040
(d)
|
|
|
Engineering & Construction 0.3%
|
|
|||
|
|
|
Abertis Infraestructuras Finance BV
|
|
|
|
EUR
|
2,500,000
|
4.87%, due 11/28/2029
|
2,900,433
(j)(k)(l)
|
|
|
EUR
|
800,000
|
4.75%, due 11/23/2030
|
919,336
(j)(k)(l)
|
|
|
$
|
4,505,337
|
Artera Services LLC, 8.50%, due 2/15/2031
|
4,104,092
(d)
|
|
|
|
|
Assemblin Caverion Group AB
|
|
|
|
EUR
|
1,898,000
|
6.25%, due 7/1/2030
|
2,258,910
(j)
|
|
|
EUR
|
455,000
|
(3 mo. EUR EURIBOR + 3.50%), 5.84%, due 7/1/2031
|
526,579
(f)(j)
|
|
|
$
|
217,000
|
ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C,
7.88%, due 2/3/2030
|
221,146
(d)
|
|
|
|
335,000
|
Brand Industrial Services, Inc., 10.38%, due 8/1/2030
|
290,117
(d)
|
|
|
GBP
|
1,604,000
|
Gatwick Airport Finance PLC, 6.00%, due 11/21/2030
|
2,135,426
(j)
|
|
|
|
|
Global Infrastructure Solutions, Inc.
|
|
|
|
$
|
1,520,000
|
5.63%, due 6/1/2029
|
1,515,714
(d)
|
|
|
|
715,000
|
7.50%, due 4/15/2032
|
744,285
(d)
|
|
|
|
1,265,000
|
6.38%, due 7/15/2034
|
1,273,641
(d)
|
|
|
|
2,000,000
|
Granite Construction, Inc., 6.38%, due 6/15/2034
|
1,994,280
(d)
|
|
|
|
260,000
|
IHS Holding Ltd., 7.88%, due 5/29/2030
|
266,553
(d)
|
|
|
GBP
|
1,046,000
|
Kier Group PLC, 9.00%, due 2/15/2029
|
1,462,214
(j)
|
|
|
|
|
|
20,612,726
|
|
|
Entertainment 0.6%
|
|
|||
|
GBP
|
445,000
|
888 Acquisitions Ltd., 10.75%, due 5/15/2030
|
625,996
(j)
|
|
|
EUR
|
1,105,000
|
Allwyn Entertainment Financing U.K. PLC, 4.13%, due 2/15/2031
|
1,252,347
(j)
|
|
|
EUR
|
1,215,000
|
Banijay Gaming SAS, 5.13%, due 12/10/2031
|
1,416,554
(j)
|
|
|
|
|
Churchill Downs, Inc.
|
|
|
|
$
|
1,685,000
|
5.75%, due 4/1/2030
|
1,680,016
(d)
|
|
|
|
2,920,000
|
6.75%, due 5/1/2031
|
2,954,728
(d)
|
|
|
EUR
|
625,000
|
Cirsa Finance International SARL, 6.50%, due 3/15/2029
|
743,754
(j)
|
|
|
|
|
CPUK Finance Ltd.
|
|
|
|
GBP
|
1,860,000
|
4.50%, due 8/28/2027
|
2,479,977
(j)
|
|
|
GBP
|
1,060,000
|
6.88%, due 8/28/2032
|
1,437,839
(j)
|
|
|
EUR
|
1,010,000
|
Entain PLC, 4.88%, due 11/30/2031
|
1,172,757
(j)
|
|
|
|
|
Flutter Treasury DAC
|
|
|
|
EUR
|
1,173,000
|
5.00%, due 4/29/2029
|
1,375,915
(j)
|
|
|
EUR
|
1,255,000
|
4.00%, due 6/4/2031
|
1,418,821
(j)
|
|
|
GBP
|
580,000
|
6.13%, due 6/4/2031
|
773,924
(j)
|
|
|
EUR
|
1,005,000
|
LHMC Finco 2 SARL, 8.63% Cash/9.38% PIK, due 5/15/2030
|
1,195,538
(j)(m)
|
|
|
$
|
3,205,000
|
Light & Wonder International, Inc., 6.25%, due 10/1/2033
|
3,148,912
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Entertainment – cont'd
|
|
|||
|
|
|
Lottomatica Group SpA
|
|
|
|
EUR
|
946,000
|
5.38%, due 6/1/2030
|
$1,117,930
(j)
|
|
|
EUR
|
1,745,000
|
4.88%, due 1/31/2031
|
2,046,707
(j)
|
|
|
$
|
235,000
|
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031
|
184,066
(d)
|
|
|
|
1,375,000
|
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due
5/1/2029
|
1,335,312
(d)
|
|
|
|
|
Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC
|
|
|
|
|
1,645,000
|
8.25%, due 4/15/2030
|
1,711,101
(d)
|
|
|
|
625,000
|
11.88%, due 4/15/2031
|
677,412
(d)
|
|
|
|
190,000
|
Motion Bondco DAC, 6.63%, due 11/15/2027
|
180,357
(d)
|
|
|
GBP
|
1,055,000
|
Pinewood Finco PLC, 6.00%, due 3/27/2030
|
1,423,284
(j)
|
|
|
$
|
4,190,000
|
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
|
4,081,851
(d)
|
|
|
|
3,030,000
|
Six Flags Entertainment Corp., 7.25%, due 5/15/2031
|
2,971,201
(d)
|
|
|
|
2,220,000
|
Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management
Corp., 5.25%, due 7/15/2029
|
2,125,991
|
|
|
|
3,113,000
|
Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC,
8.63%, due 1/15/2032
|
3,148,529
(d)
|
|
|
|
3,485,000
|
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland
Co., 6.63%, due 5/1/2032
|
3,508,677
(d)
|
|
|
|
|
|
46,189,496
|
|
|
Environmental Control 0.1%
|
|
|||
|
|
1,324,368
|
Luna 1.5 SARL, 12.00%, due 7/1/2032
|
1,406,657
(d)(m)
|
|
|
|
3,715,000
|
Madison IAQ LLC, 5.88%, due 6/30/2029
|
3,715,093
(d)
|
|
|
EUR
|
2,200,000
|
Paprec Holding SA, 4.50%, due 7/15/2032
|
2,514,277
(j)
|
|
|
|
|
|
7,636,027
|
|
|
Food 0.6%
|
|
|||
|
|
|
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
|
|
|
|
$
|
325,000
|
5.50%, due 3/31/2031
|
312,283
(d)
|
|
|
|
2,130,000
|
5.63%, due 3/31/2032
|
2,026,060
(d)
|
|
|
|
705,000
|
6.25%, due 3/15/2033
|
682,842
(d)
|
|
|
|
|
Bellis Acquisition Co. PLC
|
|
|
|
GBP
|
1,700,000
|
8.13%, due 5/14/2030
|
2,146,407
(j)
|
|
|
EUR
|
460,000
|
8.00%, due 7/1/2031
|
513,613
(j)
|
|
|
$
|
2,975,000
|
Chobani LLC/Chobani Finance Corp., Inc., 6.38%, due 4/15/2034
|
2,982,622
(d)
|
|
|
EUR
|
1,879,000
|
Darling Global Finance BV, 4.50%, due 7/15/2032
|
2,182,520
(j)
|
|
|
EUR
|
2,114,000
|
Flora Food Management BV, 6.88%, due 7/2/2029
|
2,348,893
(j)
|
|
|
|
|
Froneri Lux FinCo SARL
|
|
|
|
EUR
|
2,500,000
|
4.75%, due 8/1/2032
|
2,794,874
(j)
|
|
|
$
|
2,317,000
|
6.00%, due 8/1/2032
|
2,264,683
(d)
|
|
|
|
240,000
|
Grupo Nutresa SA, 8.00%, due 5/12/2030
|
253,080
(d)
|
|
|
|
|
JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings
|
|
|
|
|
1,510,000
|
5.95%, due 4/20/2035
|
1,525,580
|
|
|
|
1,885,000
|
6.50%, due 12/1/2052
|
1,822,350
|
|
|
|
22,085,000
|
6.38%, due 2/25/2055
|
20,953,998
|
|
|
EUR
|
100,000
|
Kraft Heinz Foods Co., 3.95%, due 5/21/2034
|
113,188
|
|
|
|
|
Minerva Luxembourg SA
|
|
|
|
$
|
2,635,000
|
8.88%, due 9/13/2033
|
2,727,686
(d)
|
|
|
|
1,915,000
|
7.50%, due 4/22/2036
|
1,823,463
(d)
|
|
|
|
|
Performance Food Group, Inc.
|
|
|
|
|
710,000
|
4.25%, due 8/1/2029
|
686,414
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Food – cont'd
|
|
|||
|
$
|
615,000
|
6.13%, due 9/15/2032
|
$616,737
(d)
|
|
|
EUR
|
1,800,000
|
Roquette Freres SA, 6.00%, due 1/21/2032
|
2,074,024
(j)(k)(l)
|
|
|
$
|
880,000
|
U.S. Foods, Inc., 7.25%, due 1/15/2032
|
909,254
(d)
|
|
|
|
|
|
51,760,571
|
|
|
Food Service 0.1%
|
|
|||
|
EUR
|
1,638,000
|
Aramark International Finance SARL, 4.38%, due 4/15/2033
|
1,844,939
(j)
|
|
|
EUR
|
1,809,000
|
Elior Group SA, 5.63%, due 3/15/2030
|
2,042,685
(j)
|
|
|
|
|
TKC Holdings, Inc.
|
|
|
|
$
|
3,133,000
|
8.50%, due 8/15/2030
|
3,202,706
(d)
|
|
|
|
1,290,000
|
12.00%, due 2/15/2031
|
1,355,856
(d)
|
|
|
|
|
|
8,446,186
|
|
|
Forest Products & Paper 0.1%
|
|
|||
|
EUR
|
2,615,000
|
Ahlstrom Holding 3 Oy, 3.63%, due 2/4/2028
|
2,998,990
(j)
|
|
|
$
|
2,470,000
|
Celulosa Arauco y Constitucion SA, 4.20%, due 1/29/2030
|
2,299,310
(d)
|
|
|
EUR
|
542,504
|
Fiber Midco SpA, 10.00% cash, .75% deferred interest payable if called /mat 0.00%
PIK, due 6/15/2029
|
604,519
(j)(m)
|
|
|
$
|
2,212,000
|
Magnera Corp., 7.25%, due 11/15/2031
|
2,164,995
(d)
|
|
|
|
|
|
8,067,814
|
|
|
Gas 0.2%
|
|
|||
|
|
1,360,000
|
AmeriGas Partners LP/AmeriGas Finance Corp., 6.88%, due 6/1/2031
|
1,381,065
(d)
|
|
|
|
8,300,000
|
NiSource, Inc., 5.75%, due 7/15/2056
|
8,174,923
(k)
|
|
|
EUR
|
200,000
|
Southern Gas Networks PLC, 3.50%, due 10/16/2030
|
229,348
(j)
|
|
|
|
|
Spire, Inc.
|
|
|
|
$
|
3,415,000
|
6.25%, due 6/1/2056
|
3,378,932
(k)
|
|
|
|
3,285,000
|
6.45%, due 6/1/2056
|
3,273,675
(k)
|
|
|
EUR
|
1,730,000
|
UGI International LLC, 2.50%, due 12/1/2029
|
1,891,048
(j)
|
|
|
|
|
|
18,328,991
|
|
|
Healthcare - Products 0.0%‡
|
|
|||
|
$
|
1,315,000
|
Abbott Laboratories, (Secured Overnight Financing Rate Index + 0.50%), 4.15%, due
3/9/2029
|
1,316,376
(f)
|
|
|
EUR
|
1,111,000
|
RAY Financing LLC, 6.50%, due 7/15/2031
|
1,297,347
(j)
|
|
|
|
|
|
2,613,723
|
|
|
Healthcare - Services 0.8%
|
|
|||
|
|
|
Acadia Healthcare Co., Inc.
|
|
|
|
$
|
1,070,000
|
5.00%, due 4/15/2029
|
1,047,465
(d)
|
|
|
|
640,000
|
7.38%, due 3/15/2033
|
659,998
(d)
|
|
|
|
2,125,000
|
Ascension Health, 3.11%, due 11/15/2039
|
1,610,218
|
|
|
|
1,000,000
|
Bon Secours Mercy Health, Inc., 2.10%, due 6/1/2031
|
871,725
|
|
|
EUR
|
3,262,000
|
CAB SELAS, 7.75%, due 8/9/2031
|
3,827,721
(j)
|
|
|
|
|
Centene Corp.
|
|
|
|
$
|
3,730,000
|
4.63%, due 12/15/2029
|
3,618,612
|
|
|
|
2,580,000
|
3.38%, due 2/15/2030
|
2,386,213
|
|
|
|
|
CHS/Community Health Systems, Inc.
|
|
|
|
|
135,000
|
6.00%, due 1/15/2029
|
132,638
(d)
|
|
|
|
455,000
|
5.25%, due 5/15/2030
|
420,152
(d)
|
|
|
|
676,000
|
10.88%, due 1/15/2032
|
713,042
(d)
|
|
|
|
325,000
|
9.75%, due 1/15/2034
|
329,245
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Healthcare - Services – cont'd
|
|
|||
|
EUR
|
1,115,000
|
Clariane SE, 6.88%, due 4/15/2031
|
$1,308,906
(j)
|
|
|
$
|
2,055,000
|
CommonSpirit Health, 4.19%, due 10/1/2049
|
1,534,190
|
|
|
EUR
|
2,479,000
|
Ephios Subco 3 SARL, 7.88%, due 1/31/2031
|
2,997,011
(j)
|
|
|
EUR
|
3,332,000
|
Eurofins Scientific SE, 6.75%, due 4/24/2028
|
3,984,004
(j)(k)(l)
|
|
|
$
|
7,073,000
|
Global Medical Response, Inc., 7.38%, due 10/1/2032
|
7,197,635
(d)
|
|
|
EUR
|
955,000
|
Gruppo San Donato SPA, 6.50%, due 10/31/2031
|
1,076,537
(j)
|
|
|
$
|
1,680,000
|
HAH Group Holding Co. LLC, 9.75%, due 10/1/2031
|
1,524,600
(d)
|
|
|
EUR
|
1,852,000
|
HomeVi SASU, 6.63%, due 10/31/2031
|
2,154,873
(j)
|
|
|
|
|
IQVIA, Inc.
|
|
|
|
EUR
|
785,000
|
2.25%, due 1/15/2028
|
888,452
(j)
|
|
|
EUR
|
952,000
|
2.88%, due 6/15/2028
|
1,083,144
(j)
|
|
|
EUR
|
1,380,000
|
4.63%, due 6/15/2033
|
1,593,178
(j)
|
|
|
|
|
LifePoint Health, Inc.
|
|
|
|
$
|
1,485,000
|
8.38%, due 2/15/2032
|
1,495,088
(d)
|
|
|
|
680,000
|
10.00%, due 6/1/2032
|
652,846
(d)
|
|
|
|
1,420,000
|
7.00%, due 5/1/2034
|
1,326,337
(d)
|
|
|
EUR
|
2,540,000
|
Mehilainen Yhtiot OYJ, 5.13%, due 6/30/2032
|
2,940,520
(j)
|
|
|
|
|
Molina Healthcare, Inc.
|
|
|
|
$
|
895,000
|
3.88%, due 11/15/2030
|
827,618
(d)
|
|
|
|
1,785,000
|
6.50%, due 2/15/2031
|
1,801,413
(d)
|
|
|
|
1,085,000
|
6.25%, due 1/15/2033
|
1,072,921
(d)
|
|
|
|
610,000
|
National Mentor Holdings, Inc., 10.50%, due 12/15/2030
|
643,338
(d)
|
|
|
|
1,385,000
|
Select Medical Corp., 6.25%, due 12/1/2032
|
1,330,309
(d)
|
|
|
|
3,185,000
|
Surgery Center Holdings, Inc., 7.25%, due 4/15/2032
|
3,194,920
(d)
|
|
|
|
|
Team Health Holdings, Inc.
|
|
|
|
|
1,265,000
|
8.38%, due 6/30/2028
|
1,264,304
(d)
|
|
|
|
1,183,746
|
9.00% Cash/4.50% PIK, due 6/30/2028
|
1,208,889
(d)(m)
|
|
|
|
1,000,000
|
TEAM Services Holding, Inc., 9.00%, due 2/15/2033
|
1,012,697
(d)
|
|
|
|
3,790,000
|
Tenet Healthcare Corp., 6.00%, due 11/15/2033
|
3,802,124
(d)
|
|
|
|
|
|
63,532,883
|
|
|
Holding Companies - Diversified 0.1%
|
|
|||
|
EUR
|
3,445,000
|
Benteler International Austria GmbH, 7.25%, due 6/15/2031
|
4,210,346
(j)
|
|
|
EUR
|
2,501,000
|
Progroup AG, 5.38%, due 4/15/2031
|
2,941,872
(j)
|
|
|
|
|
|
7,152,218
|
|
|
Home Builders 0.1%
|
|
|||
|
|
|
K Hovnanian Enterprises, Inc.
|
|
|
|
$
|
1,798,000
|
8.00%, due 4/1/2031
|
1,832,754
(d)
|
|
|
|
715,000
|
8.38%, due 10/1/2033
|
726,590
(d)
|
|
|
|
1,085,000
|
LGI Homes, Inc., 7.00%, due 11/15/2032
|
1,057,584
(d)
|
|
|
|
2,120,000
|
Mattamy Group Corp., 6.00%, due 12/15/2033
|
2,017,973
(d)
|
|
|
GBP
|
1,607,000
|
Miller Homes Group Finco PLC, 7.00%, due 5/15/2029
|
2,151,718
(j)
|
|
|
|
|
|
7,786,619
|
|
|
Home Furnishings 0.0%‡
|
|
|||
|
|
|
Whirlpool Corp.
|
|
|
|
$
|
375,000
|
6.13%, due 6/15/2030
|
340,758
|
|
|
|
1,510,000
|
7.50%, due 7/1/2031
|
1,500,572
(d)
|
|
|
|
1,080,000
|
7.88%, due 7/1/2034
|
1,021,031
(d)
|
|
|
|
|
|
2,862,361
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Household Products - Wares 0.0%‡
|
|
|||
|
EUR
|
1,041,000
|
Ontex Group NV, 5.25%, due 4/15/2030
|
$1,071,283
(j)
|
|
|
Housewares 0.0%‡
|
|
|||
|
|
|
Newell Brands, Inc.
|
|
|
|
$
|
1,240,000
|
8.50%, due 6/1/2028
|
1,294,231
(d)
|
|
|
|
235,000
|
6.63%, due 9/15/2029
|
237,827
|
|
|
|
651,000
|
6.38%, due 5/15/2030
|
658,148
|
|
|
|
|
|
2,190,206
|
|
|
Industrial Services 0.1%
|
|
|||
|
|
10,000,000
|
Tillman Infrastructure LLC, 7.12%, due 3/26/2033
|
9,761,671
|
|
|
Insurance 0.5%
|
|
|||
|
|
|
Acrisure LLC/Acrisure Finance, Inc.
|
|
|
|
|
1,855,000
|
7.50%, due 11/6/2030
|
1,794,079
(d)
|
|
|
|
345,000
|
6.75%, due 7/1/2032
|
316,985
(d)
|
|
|
GBP
|
500,000
|
Admiral Group PLC, 8.50%, due 1/6/2034
|
755,415
(j)
|
|
|
$
|
200,000
|
AIA Group Ltd., 5.63%, due 10/25/2027
|
202,674
(d)
|
|
|
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
|
|
|
|
|
1,845,000
|
6.50%, due 10/1/2031
|
1,843,442
(d)
|
|
|
|
1,345,000
|
7.38%, due 10/1/2032
|
1,352,545
(d)
|
|
|
|
1,210,000
|
Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, Inc., 7.50%, due
7/15/2033
|
1,182,593
(d)
|
|
|
|
|
Athene Global Funding
|
|
|
|
|
530,000
|
(Secured Overnight Financing Rate Index + 0.83%), 4.49%, due 1/7/2027
|
530,191
(d)(f)
|
|
|
|
430,000
|
(Secured Overnight Financing Rate Index + 1.00%), 4.65%, due 9/18/2028
|
427,332
(d)(f)
|
|
|
EUR
|
1,330,000
|
3.72%, due 8/22/2032
|
1,485,514
(j)
|
|
|
$
|
1,745,000
|
Broadstreet Partners Group LLC, 5.88%, due 4/15/2029
|
1,706,173
(d)
|
|
|
GBP
|
740,000
|
BUPA Finance PLC, 6.63%, due 11/18/2045
|
956,746
(j)
|
|
|
$
|
671,000
|
Corebridge Global Funding, (Secured Overnight Financing Rate + 1.30%), 4.95%,
due 9/25/2026
|
671,899
(d)(f)
|
|
|
|
7,550,000
|
Equitable Holdings, Inc., 6.70%, due 3/28/2055
|
7,666,723
(k)
|
|
|
|
200,000
|
FWD Group Holdings Ltd., 5.25%, due 9/22/2030
|
198,541
(d)
|
|
|
EUR
|
1,140,000
|
GA Global Funding Trust, 4.13%, due 9/16/2035
|
1,260,899
(j)
|
|
|
|
|
HUB International Ltd.
|
|
|
|
$
|
650,000
|
5.63%, due 12/1/2029
|
647,446
(d)
|
|
|
|
4,175,000
|
7.25%, due 6/15/2030
|
4,298,868
(d)
|
|
|
|
5,804,000
|
7.38%, due 1/31/2032
|
5,936,041
(d)
|
|
|
|
2,305,000
|
Liberty Mutual Group, Inc., 4.13%, due 12/15/2051
|
2,289,585
(d)(k)
|
|
|
|
565,000
|
Marsh & McLennan Cos., Inc., (Secured Overnight Financing Rate Index + 0.70%),
4.33%, due 11/8/2027
|
566,671
(f)
|
|
|
|
2,870,000
|
MetLife, Inc., 6.35%, due 3/15/2055
|
2,911,339
(k)
|
|
|
|
710,000
|
New York Life Global Funding, (Secured Overnight Financing Rate + 0.58%), 4.23%,
due 8/28/2026
|
710,185
(d)(f)
|
|
|
GBP
|
550,000
|
Pension Insurance Corp. PLC, 6.88%, due 11/15/2034
|
751,088
(j)
|
|
|
$
|
525,000
|
Principal Life Global Funding II, (Secured Overnight Financing Rate + 0.81%),
4.44%, due 8/18/2028
|
526,253
(d)(f)
|
|
|
|
1,550,000
|
Prudential Financial, Inc., 5.13%, due 3/1/2052
|
1,506,011
(k)
|
|
|
|
1,600,000
|
USI, Inc., 7.50%, due 1/15/2032
|
1,632,946
(d)
|
|
|
|
|
|
44,128,184
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Internet 1.5%
|
|
|||
|
|
|
Alphabet, Inc.
|
|
|
|
$
|
730,000
|
(Secured Overnight Financing Rate + 0.52%), 4.15%, due 11/15/2028
|
$733,573
(f)
|
|
|
|
370,000
|
5.35%, due 11/15/2045
|
338,083
|
|
|
|
740,000
|
5.45%, due 11/15/2055
|
657,683
|
|
|
|
17,020,000
|
5.65%, due 2/15/2056
|
15,719,056
|
|
|
EUR
|
200,000
|
4.38%, due 11/6/2064
|
202,886
|
|
|
$
|
740,000
|
5.70%, due 11/15/2075
|
655,614
|
|
|
|
|
Amazon.com, Inc.
|
|
|
|
|
385,000
|
(Secured Overnight Financing Rate + 0.44%), 4.09%, due 3/13/2028
|
385,363
(f)
|
|
|
|
820,000
|
(Secured Overnight Financing Rate + 0.59%), 4.24%, due 3/13/2029
|
822,093
(f)
|
|
|
|
12,495,000
|
4.80%, due 7/9/2031
|
12,376,470
|
|
|
|
10,680,000
|
5.30%, due 7/9/2036
|
10,493,577
|
|
|
|
32,125,000
|
6.10%, due 7/9/2056
|
30,853,573
|
|
|
|
865,000
|
Beignet Investor LLC, 6.58%, due 5/30/2049
|
838,586
(d)
|
|
|
EUR
|
100,000
|
Booking Holdings, Inc., 3.88%, due 3/21/2045
|
99,055
|
|
|
EUR
|
100,000
|
Engineering - Ingegneria Informatica - SpA, 11.13%, due 5/15/2028
|
119,890
(j)
|
|
|
|
|
Meta Platforms, Inc.
|
|
|
|
$
|
8,960,000
|
5.25%, due 5/15/2036
|
8,590,563
|
|
|
|
655,000
|
5.50%, due 11/15/2045
|
566,593
|
|
|
|
750,000
|
5.63%, due 11/15/2055
|
627,274
|
|
|
|
26,260,000
|
6.30%, due 5/15/2056
|
24,099,324
|
|
|
EUR
|
1,865,000
|
Rakuten Group, Inc., 4.25%, due 4/22/2027
|
2,124,181
(j)(k)(l)
|
|
|
|
|
United Group BV
|
|
|
|
EUR
|
665,000
|
4.63%, due 8/15/2028
|
766,747
(j)
|
|
|
EUR
|
1,160,000
|
5.25%, due 2/1/2030
|
1,338,075
(j)
|
|
|
EUR
|
2,250,000
|
6.75%, due 2/15/2031
|
2,667,817
(j)
|
|
|
EUR
|
200,000
|
6.50%, due 10/31/2031
|
235,716
(j)
|
|
|
|
|
Wayfair LLC
|
|
|
|
$
|
930,000
|
7.25%, due 10/31/2029
|
957,700
(d)
|
|
|
|
1,095,000
|
6.75%, due 11/15/2032
|
1,114,721
(d)
|
|
|
|
895,000
|
7.13%, due 5/31/2034
|
919,425
(d)
|
|
|
|
|
|
118,303,638
|
|
|
Investment Companies 0.3%
|
|
|||
|
|
|
Abu Dhabi Developmental Holding Co. PJSC
|
|
|
|
|
539,000
|
4.50%, due 5/6/2030
|
526,458
(d)
|
|
|
|
4,030,000
|
4.38%, due 10/2/2031
|
3,862,418
(d)
|
|
|
|
|
Gaci First Investment Co.
|
|
|
|
|
200,000
|
5.00%, due 1/29/2029
|
199,140
(j)
|
|
|
|
674,000
|
5.25%, due 1/29/2030
|
673,461
(j)
|
|
|
|
6,400,000
|
Kayne Anderson BDC, Inc., 6.15%, due 10/15/2030
|
6,231,061
|
|
|
|
7,405,000
|
MDGH GMTN RSC Ltd., 4.63%, due 10/16/2035
|
6,923,898
(d)
|
|
|
|
10,000,000
|
Monroe Capital Corp., 6.57%, due 7/10/2030
|
9,713,432
|
|
|
|
|
|
28,129,868
|
|
|
Iron - Steel 0.2%
|
|
|||
|
|
|
Celsa Opco SA
|
|
|
|
EUR
|
2,445,000
|
(3 mo. EUR EURIBOR + 5.50%), 7.90%, due 12/15/2030
|
2,861,672
(f)(j)
|
|
|
EUR
|
200,000
|
8.25%, due 12/15/2030
|
245,368
(j)
|
|
|
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
$
|
2,030,000
|
6.88%, due 11/1/2029
|
2,051,650
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Iron - Steel – cont'd
|
|
|||
|
$
|
580,000
|
7.00%, due 3/15/2032
|
$581,215
(d)
|
|
|
|
2,697,000
|
Hybar LLC, 7.38%, due 7/1/2034
|
2,707,125
(d)
|
|
|
|
|
Metinvest BV
|
|
|
|
|
240,000
|
7.65%, due 10/1/2027
|
236,551
(d)
|
|
|
|
1,990,000
|
7.75%, due 10/17/2029
|
1,860,968
(d)
|
|
|
|
|
Mineral Resources Ltd.
|
|
|
|
|
1,650,000
|
7.00%, due 4/1/2031
|
1,697,962
(d)
|
|
|
|
840,000
|
6.00%, due 5/1/2032
|
824,573
(d)
|
|
|
|
830,000
|
6.25%, due 5/1/2034
|
808,967
(d)
|
|
|
|
790,000
|
Vale Overseas Ltd., 6.40%, due 6/28/2054
|
783,087
|
|
|
|
|
|
14,659,138
|
|
|
Leisure Time 0.4%
|
|
|||
|
|
905,000
|
Acushnet Co., 5.63%, due 12/1/2033
|
887,343
(d)
|
|
|
|
4,505,000
|
Carnival Corp. Ltd., 6.13%, due 2/15/2033
|
4,505,221
(d)
|
|
|
GBP
|
1,230,000
|
Deuce Finco PLC, 7.00%, due 11/20/2031
|
1,683,166
(j)
|
|
|
$
|
1,240,000
|
Gaia Purchaser, Inc., 7.63%, due 7/15/2033
|
1,243,812
(d)
|
|
|
|
2,090,000
|
Lindblad Expeditions LLC, 7.00%, due 9/15/2030
|
2,151,534
(d)
|
|
|
|
|
NCL Corp. Ltd.
|
|
|
|
|
720,000
|
7.75%, due 2/15/2029
|
747,527
(d)
|
|
|
|
115,000
|
5.88%, due 1/15/2031
|
109,908
(d)
|
|
|
|
225,000
|
6.75%, due 2/1/2032
|
220,537
(d)
|
|
|
|
6,242,000
|
Patrick Industries, Inc., 6.38%, due 11/1/2032
|
6,155,327
(d)
|
|
|
GBP
|
1,417,000
|
Pinnacle Bidco PLC, 10.00%, due 10/11/2028
|
1,976,604
(j)
|
|
|
$
|
795,000
|
Sabre Financial Borrower LLC, 11.13%, due 6/15/2029
|
836,439
(d)
|
|
|
|
10,000,000
|
Safe Harbor Marinas, 5.92%, due 11/18/2030
|
9,998,186
|
|
|
EUR
|
1,275,000
|
TUI Cruises GmbH, 5.00%, due 5/15/2030
|
1,483,665
(j)
|
|
|
$
|
2,405,000
|
Viking Cruises Ltd., 5.88%, due 10/15/2033
|
2,381,395
(d)
|
|
|
|
|
|
34,380,664
|
|
|
Lodging 0.2%
|
|
|||
|
EUR
|
1,600,000
|
Accor SA, 4.88%, due 6/6/2030
|
1,857,564
(j)(k)(l)
|
|
|
EUR
|
2,565,000
|
Essendi SA, 5.50%, due 11/15/2031
|
2,985,899
(j)
|
|
|
$
|
200,000
|
Fortune Star BVI Ltd., 8.50%, due 5/19/2028
|
203,400
(j)
|
|
|
|
|
Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.
|
|
|
|
|
742,000
|
4.88%, due 7/1/2031
|
686,291
(d)
|
|
|
|
2,005,000
|
6.63%, due 1/15/2032
|
2,009,602
(d)
|
|
|
|
52,000
|
Las Vegas Sands Corp., 5.63%, due 6/15/2028
|
52,472
|
|
|
|
3,207,000
|
Marriott Ownership Resorts, Inc., 6.50%, due 10/1/2033
|
3,153,886
(d)
|
|
|
|
1,975,000
|
Melco Resorts Finance Ltd., 5.63%, due 7/17/2027
|
1,970,307
(d)
|
|
|
EUR
|
890,400
|
Motel One GmbH, 7.75%, due 4/2/2031
|
1,090,661
(j)
|
|
|
|
|
Travel & Leisure Co.
|
|
|
|
$
|
2,290,000
|
6.25%, due 6/1/2031
|
2,293,522
(d)
|
|
|
|
875,000
|
6.13%, due 9/1/2033
|
859,228
(d)
|
|
|
|
|
|
17,162,832
|
|
|
Machinery - Construction & Mining 0.2%
|
|
|||
|
|
1,500,000
|
Caterpillar Financial Services Corp., (Secured Overnight Financing Rate + 0.52%),
4.15%, due 5/14/2027
|
1,502,565
(f)
|
|
|
|
5,515,000
|
Manitowoc Co., Inc., 9.25%, due 10/1/2031
|
5,841,146
(d)
|
|
|
|
4,390,000
|
Terex Corp., 6.25%, due 10/15/2032
|
4,405,756
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Machinery - Construction & Mining – cont'd
|
|
|||
|
$
|
4,915,000
|
Vertiv Holdings Co., 5.80%, due 3/15/2056
|
$4,521,396
|
|
|
|
|
|
16,270,863
|
|
|
Machinery - Diversified 0.3%
|
|
|||
|
|
6,269,000
|
Columbus McKinnon Corp., 7.13%, due 2/1/2033
|
6,316,017
(d)
|
|
|
|
455,000
|
Esab Corp., 5.63%, due 4/1/2031
|
449,499
(d)
|
|
|
|
5,220,000
|
Flowserve Corp., 5.70%, due 5/15/2036
|
5,102,894
|
|
|
|
|
John Deere Capital Corp.
|
|
|
|
|
150,000
|
(Secured Overnight Financing Rate + 0.60%), 4.25%, due 6/11/2027
|
150,346
(f)
|
|
|
|
600,000
|
(Secured Overnight Financing Rate + 0.40%), 4.06%, due 1/7/2028
|
600,884
(f)
|
|
|
|
395,000
|
(Secured Overnight Financing Rate + 0.55%), 4.20%, due 3/9/2029
|
395,551
(f)
|
|
|
|
3,552,000
|
Lsf12 Helix Parent LLC, 7.13%, due 2/1/2033
|
3,477,545
(d)
|
|
|
EUR
|
788,698
|
TK Elevator Midco GmbH, 4.38%, due 7/15/2027
|
909,732
(j)
|
|
|
$
|
10,000,000
|
Toro Co., 5.27%, due 9/30/2032
|
9,829,094
|
|
|
|
|
|
27,231,562
|
|
|
Media 0.7%
|
|
|||
|
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
|
1,240,000
|
6.38%, due 9/1/2029
|
1,232,158
(d)
|
|
|
|
1,325,000
|
4.75%, due 3/1/2030
|
1,237,981
(d)
|
|
|
|
1,280,000
|
4.50%, due 8/15/2030
|
1,167,875
(d)
|
|
|
|
1,315,000
|
4.25%, due 2/1/2031
|
1,163,945
(d)
|
|
|
|
1,850,000
|
4.50%, due 5/1/2032
|
1,595,415
|
|
|
|
750,000
|
7.00%, due 2/1/2033
|
718,748
(d)
|
|
|
|
335,000
|
4.50%, due 6/1/2033
|
285,014
(d)
|
|
|
|
830,000
|
4.25%, due 1/15/2034
|
677,685
(d)
|
|
|
|
400,000
|
7.38%, due 2/1/2036
|
380,276
(d)
|
|
|
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital
|
|
|
|
|
2,975,000
|
6.10%, due 6/1/2029
|
3,019,284
|
|
|
|
3,825,000
|
5.75%, due 4/1/2048
|
3,010,784
|
|
|
|
10,588,000
|
4.80%, due 3/1/2050
|
7,405,946
|
|
|
|
12,455,000
|
3.95%, due 6/30/2062
|
6,791,258
|
|
|
|
|
CSC Holdings LLC
|
|
|
|
|
487,500
|
5.50%, due 4/15/2027
|
301,890
(d)
|
|
|
|
275,000
|
5.38%, due 2/1/2028
|
159,386
(d)
|
|
|
|
4,932,143
|
11.25%, due 5/15/2028
|
2,864,574
(d)
|
|
|
|
1,725,000
|
11.75%, due 1/31/2029
|
987,401
(d)
|
|
|
|
240,000
|
6.50%, due 2/1/2029
|
135,882
(d)
|
|
|
|
1,095,000
|
4.63%, due 12/1/2030
|
232,688
(d)
|
|
|
|
235,000
|
4.50%, due 11/15/2031
|
130,168
(d)
|
|
|
|
550,000
|
5.00%, due 11/15/2031
|
118,250
(d)
|
|
|
|
620,000
|
Discovery Communications LLC, 4.13%, due 5/15/2029
|
609,150
|
|
|
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
2,045,000
|
4.28%, due 3/15/2032
|
1,817,126
|
|
|
|
855,000
|
5.05%, due 3/15/2042
|
594,225
|
|
|
|
3,905,000
|
DISH DBS Corp., 7.38%, due 7/1/2028
|
3,737,085
|
|
|
|
1,588,950
|
EchoStar Corp., 6.75% Cash/6.75% PIK, due 11/30/2030
|
1,611,513
(m)
|
|
|
|
798,000
|
McGraw-Hill Education, Inc., 7.38%, due 9/1/2031
|
808,087
(d)
|
|
|
|
1,010,000
|
Midcontinent Communications, 8.00%, due 8/15/2032
|
857,728
(d)
|
|
|
|
|
Paramount Global
|
|
|
|
|
630,000
|
7.88%, due 7/30/2030
|
656,816
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Media – cont'd
|
|
|||
|
$
|
850,000
|
4.95%, due 1/15/2031
|
$778,942
|
|
|
|
1,095,000
|
4.20%, due 5/19/2032
|
931,089
|
|
|
|
665,000
|
4.38%, due 3/15/2043
|
406,580
|
|
|
|
580,000
|
5.85%, due 9/1/2043
|
411,158
|
|
|
|
630,000
|
4.90%, due 8/15/2044
|
392,030
|
|
|
EUR
|
2,062,000
|
Sunrise FinCo I BV, 4.63%, due 5/15/2032
|
2,341,563
(j)
|
|
|
GBP
|
860,000
|
Time Warner Cable LLC, 5.25%, due 7/15/2042
|
908,013
|
|
|
EUR
|
1,300,775
|
UPCB Finance VII Ltd., 3.63%, due 6/15/2029
|
1,499,193
(j)
|
|
|
$
|
665,000
|
Virgin Media Secured Finance PLC, 5.50%, due 5/15/2029
|
597,011
(d)
|
|
|
EUR
|
2,722,000
|
VZ Secured Financing BV, 5.25%, due 1/15/2033
|
2,862,039
(j)
|
|
|
EUR
|
100,000
|
Ziggo Bond Co. BV, 6.13%, due 11/15/2032
|
96,793
(j)
|
|
|
EUR
|
250,000
|
Ziggo BV, 2.88%, due 1/15/2030
|
268,348
(j)
|
|
|
|
|
|
55,801,097
|
|
|
Metal Fabricate - Hardware 0.0%‡
|
|
|||
|
EUR
|
146,000
|
Timken Co., 4.13%, due 5/23/2034
|
167,111
|
|
|
Mining 0.4%
|
|
|||
|
$
|
4,155,000
|
Capstone Copper Corp., 6.75%, due 3/31/2033
|
4,164,328
(d)
|
|
|
|
3,688,000
|
Century Aluminum Co., 6.88%, due 8/1/2032
|
3,745,171
(d)
|
|
|
|
200,000
|
Cia de Minas Buenaventura SAA, 6.80%, due 2/4/2032
|
204,400
(d)
|
|
|
EUR
|
2,357,000
|
Constellium SE, 5.38%, due 8/15/2032
|
2,806,018
(j)
|
|
|
|
|
Corp. Nacional del Cobre de Chile
|
|
|
|
$
|
4,780,000
|
6.33%, due 1/13/2035
|
4,901,412
(d)
|
|
|
|
350,000
|
6.44%, due 1/26/2036
|
363,451
(d)
|
|
|
|
1,150,000
|
5.53%, due 1/30/2037
|
1,103,080
(d)
|
|
|
|
|
First Quantum Minerals Ltd.
|
|
|
|
|
1,740,000
|
7.25%, due 2/15/2034
|
1,772,444
(d)
|
|
|
|
1,335,000
|
6.38%, due 2/15/2036
|
1,291,806
(d)
|
|
|
EUR
|
1,110,000
|
Glencore Capital Finance DAC, 3.67%, due 10/6/2032
|
1,260,774
(j)
|
|
|
$
|
450,000
|
Kaiser Aluminum Corp., 5.88%, due 3/1/2034
|
439,174
(d)
|
|
|
|
950,000
|
Nexa Resources SA, 6.60%, due 4/8/2037
|
970,081
(d)
|
|
|
|
|
Novelis Corp.
|
|
|
|
|
2,135,000
|
4.75%, due 1/30/2030
|
2,052,050
(d)
|
|
|
|
370,000
|
6.88%, due 1/30/2030
|
379,629
(d)
|
|
|
|
200,000
|
Sibanye-Stillwater U.K. Financing PLC, 6.25%, due 11/15/2031
|
196,981
(d)
|
|
|
|
3,673,000
|
Skeena Resources Ltd., 8.50%, due 4/1/2031
|
3,834,860
(d)
|
|
|
|
800,000
|
Southern Copper Corp., 5.25%, due 11/8/2042
|
731,964
|
|
|
|
4,197,000
|
Trekor Metals Ltd., 8.25%, due 5/1/2030
|
4,361,250
(d)
|
|
|
|
231,000
|
Volcan Cia Minera SAA, 8.50%, due 10/28/2032
|
238,196
(d)
|
|
|
|
200,000
|
WE Soda Investments Holding PLC, 9.50%, due 10/6/2028
|
201,236
(j)
|
|
|
|
|
|
35,018,305
|
|
|
Miscellaneous Manufacturer 0.3%
|
|
|||
|
|
3,605,000
|
Amsted Industries, Inc., 6.38%, due 3/15/2033
|
3,635,844
(d)
|
|
|
|
|
Avient Corp.
|
|
|
|
|
1,315,000
|
7.13%, due 8/1/2030
|
1,334,490
(d)
|
|
|
|
2,655,000
|
6.25%, due 11/1/2031
|
2,674,533
(d)
|
|
|
|
970,000
|
Axon Enterprise, Inc., 6.25%, due 3/15/2033
|
983,741
(d)
|
|
|
|
1,907,187
|
Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028
|
1,943,841
(d)(m)
|
|
|
EUR
|
2,253,000
|
Ctec II GmbH, 5.25%, due 2/15/2030
|
2,499,662
(j)
|
|
|
$
|
1,865,000
|
Enpro, Inc., 6.13%, due 6/1/2033
|
1,868,368
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Miscellaneous Manufacturer – cont'd
|
|
|||
|
$
|
5,000,000
|
Orica Finance Ltd., 5.79%, due 7/15/2037
|
$4,869,504
|
|
|
|
725,000
|
Siemens Funding BV, (Secured Overnight Financing Rate + 0.64%), 4.28%, due
5/26/2028
|
727,332
(d)(f)
|
|
|
|
|
|
20,537,315
|
|
|
Multi-National 0.0%‡
|
|
|||
|
|
|
African Export-Import Bank
|
|
|
|
|
200,000
|
3.80%, due 5/17/2031
|
181,028
(j)
|
|
|
|
267,000
|
6.25%, due 1/23/2032
|
266,228
(d)
|
|
|
|
|
Banque Ouest Africaine de Developpement
|
|
|
|
|
200,000
|
5.00%, due 7/27/2027
|
199,058
(j)
|
|
|
|
200,000
|
8.20%, due 2/13/2055
|
195,089
(j)(k)
|
|
|
|
|
Corp. Andina de Fomento
|
|
|
|
|
287,000
|
2.25%, due 2/8/2027
|
284,238
|
|
|
|
94,000
|
6.00%, due 4/26/2027
|
95,101
|
|
|
|
26,000
|
5.00%, due 1/24/2029
|
26,299
|
|
|
|
670,000
|
4.63%, due 1/15/2036
|
646,121
|
|
|
EUR
|
100,000
|
Dexia SA, 3.25%, due 5/7/2031
|
114,626
(j)
|
|
|
|
|
|
2,007,788
|
|
|
Oil & Gas 1.3%
|
|
|||
|
$
|
2,555,000
|
3R Lux SARL, 9.75%, due 2/5/2031
|
2,699,358
(d)
|
|
|
|
2,395,000
|
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.88%, due 6/30/2029
|
2,386,564
(d)
|
|
|
|
200,000
|
Azule Energy Finance PLC, 8.13%, due 1/23/2030
|
203,079
(d)
|
|
|
|
2,810,000
|
Beusa Investments LLC, 7.00%, due 8/1/2031
|
2,746,410
(d)
|
|
|
|
910,000
|
BKV Upstream Midstream LLC, 7.50%, due 10/15/2030
|
908,875
(d)
|
|
|
EUR
|
1,000,000
|
BP Capital Markets PLC, 4.38%, due 8/19/2031
|
1,161,831
(j)(k)(l)
|
|
|
|
|
Caturus Energy LLC
|
|
|
|
$
|
2,750,000
|
8.50%, due 2/15/2030
|
2,848,302
(d)
|
|
|
|
2,392,000
|
7.13%, due 5/15/2031
|
2,371,231
(d)
|
|
|
|
800,000
|
Chevron USA, Inc., (Secured Overnight Financing Rate + 0.57%), 4.20%, due
8/13/2028
|
804,242
(f)
|
|
|
|
78,000
|
Cia General de Combustibles SA, 11.88%, due 11/28/2030
|
79,560
(d)
|
|
|
|
|
Constellation Oil Services Holding SA
|
|
|
|
|
200,000
|
9.38%, due 11/7/2029
|
211,000
(d)
|
|
|
|
200,000
|
7.70%, due 8/3/2033
|
201,300
(d)(i)
|
|
|
|
1,350,000
|
Crescent Energy Finance LLC, 7.63%, due 4/1/2032
|
1,364,240
(d)
|
|
|
|
1,640,000
|
DBR Land Holdings LLC, 6.25%, due 12/1/2030
|
1,654,088
(d)
|
|
|
|
|
Ecopetrol SA
|
|
|
|
|
200,000
|
8.63%, due 1/19/2029
|
212,022
|
|
|
|
25,000
|
6.88%, due 4/29/2030
|
25,330
|
|
|
|
992,000
|
Geopark Ltd., 8.75%, due 1/31/2030
|
1,000,699
(d)
|
|
|
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.
|
|
|
|
|
480,000
|
5.75%, due 2/1/2029
|
479,061
(d)
|
|
|
|
740,000
|
8.38%, due 11/1/2033
|
776,383
(d)
|
|
|
|
2,060,000
|
6.88%, due 5/15/2034
|
2,017,685
(d)
|
|
|
|
1,965,000
|
Infinity Natural Resources LLC, 7.63%, due 4/1/2031
|
1,960,287
(d)
|
|
|
|
|
KazMunayGas National Co. JSC
|
|
|
|
|
1,176,000
|
5.75%, due 4/19/2047
|
1,061,943
(d)
|
|
|
|
277,000
|
6.38%, due 10/24/2048
|
266,445
(j)
|
|
|
|
|
Matador Resources Co.
|
|
|
|
|
1,430,000
|
6.50%, due 4/15/2032
|
1,427,325
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Oil & Gas – cont'd
|
|
|||
|
$
|
210,000
|
6.25%, due 4/15/2033
|
$206,637
(d)
|
|
|
|
1,180,000
|
6.00%, due 4/15/2034
|
1,141,279
(d)
|
|
|
|
570,000
|
Northern Oil & Gas, Inc., 7.88%, due 10/15/2033
|
570,408
(d)
|
|
|
|
200,000
|
Parex Resources, Inc., 8.50%, due 5/11/2031
|
203,708
(d)
|
|
|
|
|
Permian Resources Operating LLC
|
|
|
|
|
1,295,000
|
7.00%, due 1/15/2032
|
1,340,581
(d)
|
|
|
|
1,685,000
|
6.25%, due 2/1/2033
|
1,715,233
(d)
|
|
|
|
775,000
|
Pertamina Persero PT, 6.45%, due 5/30/2044
|
758,562
(d)
|
|
|
|
|
Petrobras Global Finance BV
|
|
|
|
|
202,000
|
5.13%, due 9/10/2030
|
196,980
|
|
|
|
1,970,000
|
5.50%, due 6/10/2051
|
1,551,072
|
|
|
|
|
Petroleos Mexicanos
|
|
|
|
|
3,100,000
|
6.50%, due 1/23/2029
|
3,144,020
|
|
|
EUR
|
1,725,000
|
4.75%, due 2/26/2029
|
2,007,415
(j)
|
|
|
$
|
150,000
|
6.84%, due 1/23/2030
|
152,248
|
|
|
|
2,190,000
|
6.70%, due 2/16/2032
|
2,184,563
|
|
|
|
100,000
|
10.00%, due 2/7/2033
|
115,449
|
|
|
|
2,290,000
|
6.75%, due 9/21/2047
|
1,873,220
|
|
|
|
1,875,000
|
6.35%, due 2/12/2048
|
1,482,190
|
|
|
|
12,225,000
|
7.69%, due 1/23/2050
|
10,905,264
|
|
|
|
4,730,000
|
6.95%, due 1/28/2060
|
3,813,552
|
|
|
|
79,000
|
Pluspetrol SA, 8.13%, due 5/18/2031
|
81,436
(d)
|
|
|
|
600,000
|
QatarEnergy, 1.38%, due 9/12/2026
|
598,497
(j)
|
|
|
|
227,000
|
SA Global Sukuk Ltd., 4.25%, due 10/2/2029
|
221,139
(d)
|
|
|
|
|
Saudi Arabian Oil Co.
|
|
|
|
|
18,075,000
|
5.38%, due 6/2/2035
|
17,825,502
(d)
|
|
|
|
1,625,000
|
5.75%, due 7/17/2054
|
1,457,674
(d)
|
|
|
|
1,470,000
|
6.00%, due 2/2/2056
|
1,345,181
(d)
|
|
|
|
215,000
|
SEPLAT Energy PLC, 9.13%, due 3/21/2030
|
226,824
(d)
|
|
|
|
621,000
|
SierraCol Energy Andina LLC, 6.00%, due 6/15/2028
|
602,674
(d)
|
|
|
|
200,000
|
SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy
Development, 9.00%, due 11/14/2030
|
199,856
(d)
|
|
|
|
1,645,000
|
SM Energy Co., 8.63%, due 11/1/2030
|
1,726,819
(d)
|
|
|
|
113,000
|
Tecpetrol SA, 7.63%, due 11/3/2030
|
116,367
(d)
|
|
|
|
1,045,000
|
TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029
|
1,022,423
(d)
|
|
|
EUR
|
4,800,000
|
TotalEnergies SE, 4.50%, due 8/19/2034
|
5,450,242
(j)(k)(l)
|
|
|
|
|
Transocean International Ltd.
|
|
|
|
$
|
1,975,000
|
8.25%, due 5/15/2029
|
2,036,543
(d)
|
|
|
|
975,000
|
8.50%, due 5/15/2031
|
1,016,808
(d)
|
|
|
|
3,703,000
|
7.88%, due 10/15/2032
|
3,856,904
(d)
|
|
|
|
200,000
|
Trident Energy Finance PLC, 12.50%, due 11/30/2029
|
211,291
(d)
|
|
|
|
1,215,000
|
Validus Energy II Midcon LLC, 8.00%, due 8/1/2031
|
1,209,506
(d)
|
|
|
|
|
Wintershall Dea Finance 2 BV
|
|
|
|
EUR
|
2,600,000
|
3.00%, due 7/20/2028
|
2,908,951
(j)(k)(l)
|
|
|
EUR
|
100,000
|
6.12%, due 5/8/2030
|
118,228
(j)(k)(l)
|
|
|
$
|
127,800
|
YPF SA, 9.50%, due 1/17/2031
|
135,724
(d)
|
|
|
|
|
|
104,598,230
|
|
|
Oil & Gas Services 0.3%
|
|
|||
|
|
2,210,000
|
Archrock Partners LP/Archrock Partners Finance Corp., 6.63%, due 9/1/2032
|
2,241,645
(d)
|
|
|
EUR
|
1,650,000
|
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 4.74%, due 3/11/2046
|
1,870,292
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Oil & Gas Services – cont'd
|
|
|||
|
EUR
|
1,095,000
|
Deepocean Ltd., 6.00%, due 4/8/2031
|
$1,297,564
(j)
|
|
|
|
|
Kodiak Gas Services LLC
|
|
|
|
$
|
1,295,000
|
6.50%, due 10/1/2033
|
1,293,325
(d)
|
|
|
|
1,295,000
|
6.75%, due 10/1/2035
|
1,304,835
(d)
|
|
|
|
3,117,000
|
Oceaneering International, Inc., 6.88%, due 7/15/2034
|
3,189,355
(d)
|
|
|
|
1,155,000
|
SESI LLC, 7.88%, due 9/30/2030
|
1,168,659
(d)
|
|
|
|
3,003,000
|
Star Holding LLC, 8.75%, due 8/1/2031
|
3,066,784
(d)
|
|
|
|
|
USA Compression Partners LP/USA Compression Finance Corp.
|
|
|
|
|
3,785,000
|
7.13%, due 3/15/2029
|
3,866,555
(d)
|
|
|
|
3,202,000
|
6.25%, due 10/1/2033
|
3,151,060
(d)
|
|
|
|
|
WBI Operating LLC
|
|
|
|
|
2,330,000
|
6.25%, due 10/15/2030
|
2,329,580
(d)
|
|
|
|
3,385,000
|
6.50%, due 10/15/2033
|
3,378,975
(d)
|
|
|
|
|
|
28,158,629
|
|
|
Packaging & Containers 0.6%
|
|
|||
|
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
|
|
|
|
|
3,075,000
|
4.00%, due 9/1/2029
|
2,919,267
(d)
|
|
|
EUR
|
2,644,000
|
5.00%, due 1/30/2031
|
3,065,289
(j)
|
|
|
$
|
4,275,000
|
6.25%, due 1/30/2031
|
4,303,822
(d)
|
|
|
|
|
Canpack Group, Inc./CANPACK SA
|
|
|
|
|
710,000
|
6.00%, due 5/15/2031
|
706,115
(d)
|
|
|
EUR
|
1,813,000
|
4.88%, due 1/15/2032
|
2,108,261
(j)
|
|
|
$
|
1,745,000
|
Clydesdale Acquisition Holdings, Inc., 6.75%, due 4/15/2032
|
1,661,767
(d)
|
|
|
EUR
|
861,000
|
Guala Closures SpA, 3.25%, due 6/15/2028
|
974,221
(j)
|
|
|
|
|
Mauser Packaging Solutions Holding Co.
|
|
|
|
$
|
4,435,000
|
7.88%, due 4/15/2030
|
4,523,257
(d)
|
|
|
|
4,020,000
|
9.25%, due 4/15/2030
|
3,984,438
(d)
|
|
|
EUR
|
1,491,000
|
Silgan Holdings, Inc., 4.25%, due 2/15/2031
|
1,702,826
(j)
|
|
|
|
|
Sword Purchaser LLC
|
|
|
|
EUR
|
1,105,000
|
7.25%, due 4/15/2033
|
1,314,156
(j)
|
|
|
$
|
2,625,000
|
8.25%, due 4/15/2033
|
2,684,942
(d)
|
|
|
|
1,952,000
|
10.50%, due 4/15/2034
|
2,017,958
(d)
|
|
|
|
|
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC
|
|
|
|
EUR
|
1,287,000
|
8.25%, due 5/15/2030
|
1,322,916
(j)
|
|
|
$
|
5,815,000
|
9.50%, due 5/15/2030
|
5,252,421
(d)
|
|
|
|
1,650,000
|
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
|
1,611,585
(d)
|
|
|
|
|
Trivium Packaging Finance BV
|
|
|
|
EUR
|
2,003,000
|
6.63%, due 7/15/2030
|
2,402,727
(j)
|
|
|
$
|
5,660,000
|
8.25%, due 7/15/2030
|
5,983,115
(d)
|
|
|
|
2,427,000
|
12.25%, due 1/15/2031
|
2,685,653
(d)
|
|
|
|
|
|
51,224,736
|
|
|
Pharmaceuticals 1.0%
|
|
|||
|
|
7,323,000
|
1261229 BC Ltd., 10.00%, due 4/15/2032
|
7,485,922
(d)
|
|
|
|
575,000
|
AbbVie, Inc., (Secured Overnight Financing Rate Index + 0.48%), 4.13%, due
3/3/2028
|
575,670
(f)
|
|
|
|
1,510,000
|
Adapthealth LLC, 6.13%, due 8/1/2028
|
1,510,000
(d)
|
|
|
|
|
Bausch Health Cos., Inc.
|
|
|
|
|
900,000
|
5.00%, due 1/30/2028
|
815,184
(d)
|
|
|
|
640,000
|
4.88%, due 6/1/2028
|
595,217
(d)
|
|
|
|
707,000
|
11.00%, due 9/30/2028
|
722,349
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Pharmaceuticals – cont'd
|
|
|||
|
$
|
500,000
|
5.00%, due 2/15/2029
|
$382,500
(d)
|
|
|
EUR
|
4,800,000
|
Bayer AG, 5.38%, due 3/25/2082
|
5,620,742
(j)(k)
|
|
|
EUR
|
1,790,000
|
BMS Ireland Capital Funding DAC, 4.58%, due 11/10/2055
|
1,942,892
|
|
|
|
|
Cheplapharm Arzneimittel GmbH
|
|
|
|
EUR
|
910,000
|
7.50%, due 5/15/2030
|
1,083,328
(j)
|
|
|
EUR
|
1,800,000
|
7.13%, due 6/15/2031
|
2,107,940
(j)
|
|
|
|
|
CVS Health Corp.
|
|
|
|
$
|
190,000
|
3.00%, due 8/15/2026
|
189,887
|
|
|
|
625,000
|
3.63%, due 4/1/2027
|
621,866
|
|
|
|
2,350,000
|
5.13%, due 7/20/2045
|
2,042,334
|
|
|
|
12,285,000
|
5.05%, due 3/25/2048
|
10,375,732
|
|
|
|
7,570,000
|
6.75%, due 12/10/2054
|
7,799,613
(k)
|
|
|
|
|
Eli Lilly & Co.
|
|
|
|
|
500,000
|
(Secured Overnight Financing Rate Index + 0.35%), 3.99%, due 5/20/2028
|
500,925
(f)
|
|
|
|
395,000
|
(Secured Overnight Financing Rate + 0.53%), 4.19%, due 10/15/2028
|
396,110
(f)
|
|
|
|
900,000
|
GlaxoSmithKline Capital PLC, (Secured Overnight Financing Rate + 0.50%), 4.15%,
due 3/12/2027
|
901,394
(f)
|
|
|
|
|
Grifols SA
|
|
|
|
EUR
|
2,520,000
|
3.88%, due 10/15/2028
|
2,888,901
(j)
|
|
|
$
|
750,000
|
4.75%, due 10/15/2028
|
731,769
(d)
|
|
|
EUR
|
3,031,384
|
7.50%, due 5/1/2030
|
3,638,722
(j)
|
|
|
EUR
|
4,065,000
|
Gruenenthal GmbH, 4.63%, due 11/15/2031
|
4,703,213
(j)
|
|
|
|
|
Merck & Co., Inc.
|
|
|
|
$
|
1,145,000
|
(Secured Overnight Financing Rate + 0.37%), 4.01%, due 5/22/2028
|
1,145,105
(f)
|
|
|
|
600,000
|
(Secured Overnight Financing Rate + 0.57%), 4.22%, due 3/15/2029
|
601,805
(f)
|
|
|
EUR
|
3,361,000
|
Nidda Healthcare Holding GmbH, 5.63%, due 2/21/2030
|
3,900,103
(j)
|
|
|
$
|
926,000
|
Novartis Capital Corp., (Secured Overnight Financing Rate + 0.52%), 4.15%, due
11/5/2028
|
928,778
(f)
|
|
|
|
230,000
|
Organon & Co./Organon Foreign Debt Co-Issuer BV, 7.88%, due 5/15/2034
|
245,364
(d)
|
|
|
|
|
Rossini SARL
|
|
|
|
EUR
|
893,509
|
(3 mo. EUR EURIBOR + 3.88%), 6.17%, due 12/31/2029
|
1,038,506
(f)(j)
|
|
|
EUR
|
1,030,000
|
6.75%, due 12/31/2029
|
1,229,295
(j)
|
|
|
$
|
840,000
|
Sanofi SA, (Secured Overnight Financing Rate + 0.46%), 4.13%, due 11/3/2027
|
842,671
(f)
|
|
|
|
|
Teva Pharmaceutical Finance Netherlands II BV
|
|
|
|
EUR
|
973,000
|
1.63%, due 10/15/2028
|
1,075,105
(j)
|
|
|
EUR
|
6,803,000
|
4.38%, due 5/9/2030
|
7,930,450
|
|
|
EUR
|
1,607,000
|
4.13%, due 6/1/2031
|
1,850,317
|
|
|
|
|
|
78,419,709
|
|
|
Pipelines 1.3%
|
|
|||
|
$
|
4,615,000
|
Abu Dhabi Crude Oil Pipeline LLC, 4.60%, due 11/2/2047
|
3,946,948
(d)
|
|
|
|
2,480,000
|
Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, due
2/1/2032
|
2,524,112
(d)
|
|
|
|
|
CQP Holdco LP/BIP-V Chinook Holdco LLC
|
|
|
|
|
2,555,000
|
5.50%, due 6/15/2031
|
2,487,647
(d)
|
|
|
|
155,000
|
7.50%, due 12/15/2033
|
162,446
(d)
|
|
|
|
3,695,380
|
EIG Pearl Holdings SARL, 3.55%, due 8/31/2036
|
3,267,564
(j)
|
|
|
|
|
Enbridge, Inc.
|
|
|
|
|
810,000
|
5.90%, due 11/15/2026
|
812,526
|
|
|
|
4,554,000
|
7.20%, due 6/27/2054
|
4,795,221
(k)
|
|
|
|
2,179,000
|
5.75%, due 7/15/2080
|
2,175,207
(k)
|
|
|
|
3,200,000
|
8.25%, due 1/15/2084
|
3,366,723
(k)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Pipelines – cont'd
|
|
|||
|
|
|
Energy Transfer LP
|
|
|
|
$
|
345,000
|
8.00%, due 5/15/2054
|
$362,064
(k)
|
|
|
|
185,000
|
7.13%, due 10/1/2054
|
188,917
(k)
|
|
|
|
855,000
|
6.50%, due 2/15/2056
|
855,095
(k)
|
|
|
|
655,000
|
6.75%, due 2/15/2056
|
657,030
(k)
|
|
|
|
750,000
|
Enterprise Products Operating LLC, 4.60%, due 1/11/2027
|
750,886
|
|
|
|
1,280,000
|
Esentia Energy Development SAB de CV, 6.50%, due 7/30/2038
|
1,222,720
(d)
|
|
|
|
2,490,000
|
Excelerate Energy LP, 8.00%, due 5/15/2030
|
2,608,731
(d)
|
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
|
8,115,000
|
2.63%, due 3/31/2036
|
6,939,020
(d)
|
|
|
|
2,729,246
|
2.94%, due 9/30/2040
|
2,213,675
(d)
|
|
|
|
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
|
1,605,000
|
8.25%, due 1/15/2029
|
1,655,193
|
|
|
|
3,213,000
|
8.00%, due 5/15/2033
|
3,342,540
|
|
|
|
2,231,000
|
6.75%, due 3/15/2034
|
2,225,155
|
|
|
|
10,000,000
|
GIP Sharon Finco Pty. Ltd., 6.23%, due 9/30/2046
|
9,760,176
|
|
|
|
|
Global Partners LP/GLP Finance Corp.
|
|
|
|
|
2,110,000
|
8.25%, due 1/15/2032
|
2,199,631
(d)
|
|
|
|
915,000
|
7.13%, due 7/1/2033
|
926,598
(d)
|
|
|
|
6,463,000
|
Golar LNG Ltd., 7.50%, due 10/2/2030
|
6,596,435
(d)
|
|
|
|
|
Harvest Midstream I LP
|
|
|
|
|
2,545,000
|
7.50%, due 5/15/2032
|
2,609,353
(d)
|
|
|
|
695,000
|
6.75%, due 5/15/2034
|
697,767
(d)
|
|
|
|
|
Howard Midstream Energy Partners LLC
|
|
|
|
|
2,840,000
|
7.38%, due 7/15/2032
|
2,935,609
(d)
|
|
|
|
3,106,000
|
6.63%, due 1/15/2034
|
3,140,647
(d)
|
|
|
|
1,460,000
|
6.63%, due 1/15/2035
|
1,459,199
(d)
|
|
|
|
675,000
|
Kinetik Holdings LP, 5.88%, due 6/15/2030
|
675,748
(d)
|
|
|
|
|
NGL Energy Operating LLC/NGL Energy Finance Corp.
|
|
|
|
|
2,965,000
|
8.13%, due 2/15/2029
|
3,039,370
(d)
|
|
|
|
1,648,000
|
8.38%, due 2/15/2032
|
1,713,732
(d)
|
|
|
|
2,295,000
|
Rockies Express Pipeline LLC, 6.75%, due 3/15/2033
|
2,333,310
(d)
|
|
|
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
|
|
|
|
|
1,470,000
|
6.00%, due 12/31/2030
|
1,459,499
(d)
|
|
|
|
1,305,000
|
6.00%, due 9/1/2031
|
1,284,097
(d)
|
|
|
|
2,311,000
|
6.75%, due 3/15/2034
|
2,325,356
(d)
|
|
|
|
1,090,000
|
Venture Global Calcasieu Pass LLC, 6.00%, due 5/1/2036
|
1,077,268
(d)
|
|
|
|
|
Venture Global LNG, Inc.
|
|
|
|
|
690,000
|
9.00%, due 9/30/2029
|
687,226
(d)(k)(l)
|
|
|
|
1,845,000
|
7.00%, due 1/15/2030
|
1,874,347
(d)
|
|
|
|
6,585,000
|
8.38%, due 6/1/2031
|
6,807,561
(d)
|
|
|
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
1,230,000
|
6.13%, due 12/15/2030
|
1,249,486
(d)
|
|
|
|
1,355,000
|
7.50%, due 5/1/2033
|
1,470,201
(d)
|
|
|
|
975,000
|
6.50%, due 1/15/2034
|
1,006,064
(d)
|
|
|
|
435,000
|
6.50%, due 6/15/2034
|
448,629
(d)
|
|
|
|
720,000
|
7.75%, due 5/1/2035
|
797,941
(d)
|
|
|
|
980,000
|
6.75%, due 1/15/2036
|
1,025,762
(d)
|
|
|
|
|
|
106,160,432
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Real Estate 0.5%
|
|
|||
|
EUR
|
2,016,989
|
Adler Financing SARL, 8.25%, due 12/31/2028
|
$2,639,360
(m)
|
|
|
$
|
895,186
|
Country Garden Holdings Co. Ltd., RESEARCH:, 2.25%, due 12/31/2034
|
63,907
(j)(m)
|
|
|
|
|
CPI Property Group SA
|
|
|
|
EUR
|
1,000,000
|
3.75%, due 4/28/2028
|
1,040,897
(j)(k)(l)
|
|
|
EUR
|
1,060,000
|
1.75%, due 1/14/2030
|
1,054,462
(j)
|
|
|
EUR
|
2,812,000
|
1.50%, due 1/27/2031
|
2,611,193
(j)
|
|
|
EUR
|
1,284,000
|
7.50%, due 3/26/2031
|
1,333,859
(j)(k)(l)
|
|
|
EUR
|
1,240,000
|
6.00%, due 1/27/2032
|
1,375,504
(j)
|
|
|
$
|
2,000,000
|
Domain Burlewood Holdco LLC, 6.10%, due 2/11/2031
|
1,953,740
|
|
|
EUR
|
1,390,000
|
Fastighets AB Balder, 4.00%, due 3/4/2033
|
1,548,135
(j)
|
|
|
EUR
|
3,000,000
|
Heimstaden AB, 8.38%, due 1/29/2030
|
3,621,724
(j)
|
|
|
|
|
Heimstaden Bostad AB
|
|
|
|
EUR
|
1,313,000
|
2.63%, due 2/1/2027
|
1,491,942
(j)(k)(l)
|
|
|
EUR
|
1,200,000
|
3.00%, due 10/29/2027
|
1,345,439
(j)(k)(l)
|
|
|
EUR
|
1,651,000
|
6.25%, due 12/4/2029
|
1,963,847
(j)(k)(l)
|
|
|
EUR
|
2,600,000
|
Heimstaden Bostad Treasury BV, 1.63%, due 10/13/2031
|
2,624,456
(j)
|
|
|
$
|
200,000
|
Longfor Group Holdings Ltd., 4.50%, due 1/16/2028
|
186,771
(j)
|
|
|
EUR
|
2,400,000
|
New Immo Holding SA, 6.00%, due 3/22/2029
|
2,839,334
(j)
|
|
|
$
|
9,934,226
|
Np Keystone Building 6 LLC, 5.48%, due 12/31/2044
|
9,349,359
|
|
|
|
200,000
|
NWD MTN Ltd., 4.13%, due 7/18/2029
|
167,776
(j)
|
|
|
|
|
PPI Public Property Invest AB
|
|
|
|
EUR
|
100,000
|
4.63%, due 3/12/2030
|
117,342
(j)
|
|
|
EUR
|
960,000
|
3.88%, due 10/16/2031
|
1,078,547
(j)
|
|
|
EUR
|
100,000
|
Supernova Invest GmbH, 5.00%, due 6/24/2030
|
117,324
(j)
|
|
|
EUR
|
100,000
|
Sveafastigheter AB, 4.38%, due 1/20/2031
|
114,932
(j)
|
|
|
EUR
|
1,800,000
|
Vonovia SE, 4.50%, due 11/12/2040
|
1,996,471
(j)
|
|
|
|
|
|
40,636,321
|
|
|
Real Estate Investment Trusts 0.5%
|
|
|||
|
|
|
Blackstone Mortgage Trust, Inc.
|
|
|
|
$
|
3,120,000
|
7.75%, due 12/1/2029
|
3,224,252
(d)
|
|
|
|
1,682,000
|
6.25%, due 6/1/2031
|
1,608,188
(d)
|
|
|
|
|
Brandywine Operating Partnership LP
|
|
|
|
|
1,115,000
|
8.88%, due 4/12/2029
|
1,168,620
|
|
|
|
305,000
|
6.13%, due 1/15/2031
|
293,148
|
|
|
|
1,622,318
|
CFE Fibra E, 5.88%, due 9/23/2040
|
1,555,398
(d)
|
|
|
|
1,130,000
|
EF Holdco/EF Cayman Holdings/Ellington Fin REIT Cayman/TRS/EF Cayman
Non-MTM, 7.38%, due 9/30/2030
|
1,122,131
(d)
|
|
|
EUR
|
884,921
|
Globalworth Real Estate Investments Ltd., 6.25%, due 3/31/2029
|
1,035,885
(j)
|
|
|
GBP
|
730,000
|
Hammerson PLC, 5.88%, due 10/8/2036
|
949,106
(j)
|
|
|
EUR
|
100,000
|
Immobiliare Grande Distribuzione SIIQ SpA, 4.45%, due 11/4/2030
|
115,752
(j)
|
|
|
$
|
380,000
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, due
7/15/2031
|
392,777
(d)
|
|
|
EUR
|
100,000
|
Lineage Europe Finco BV, 4.13%, due 11/26/2031
|
113,237
|
|
|
EUR
|
1,961,000
|
MPT Operating Partnership LP/MPT Finance Corp., 7.00%, due 2/15/2032
|
2,277,530
(j)
|
|
|
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
|
|
|
|
$
|
3,400,000
|
5.88%, due 10/1/2028
|
3,395,414
(d)
|
|
|
|
825,000
|
7.00%, due 2/1/2030
|
838,335
(d)
|
|
|
|
2,075,000
|
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029
|
2,094,316
(d)
|
|
|
|
|
RHP Hotel Properties LP/RHP Finance Corp.
|
|
|
|
|
395,000
|
6.50%, due 4/1/2032
|
401,686
(d)
|
|
|
|
660,000
|
6.50%, due 6/15/2033
|
671,522
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Real Estate Investment Trusts – cont'd
|
|
|||
|
$
|
1,915,000
|
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
|
$1,824,105
(d)
|
|
|
|
2,095,000
|
Service Properties Trust, 8.63%, due 11/15/2031
|
2,201,602
(d)
|
|
|
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
605,000
|
7.25%, due 4/1/2029
|
623,393
(d)
|
|
|
|
1,005,000
|
5.88%, due 8/15/2029
|
1,006,683
(d)
|
|
|
|
4,430,000
|
6.50%, due 7/1/2030
|
4,499,259
(d)
|
|
|
|
1,131,000
|
5.75%, due 1/15/2031
|
1,113,844
(d)
|
|
|
|
255,000
|
6.13%, due 6/1/2031
|
254,396
(d)
|
|
|
EUR
|
3,200,000
|
Unibail-Rodamco-Westfield SE, 4.88%, due 7/4/2030
|
3,697,369
(j)(k)(l)
|
|
|
$
|
660,000
|
XHR LP, 6.63%, due 5/15/2030
|
674,079
(d)
|
|
|
|
|
|
37,152,027
|
|
|
Retail 0.7%
|
|
|||
|
|
|
Advance Auto Parts, Inc.
|
|
|
|
|
1,595,000
|
7.00%, due 8/1/2030
|
1,634,293
(d)
|
|
|
|
2,260,000
|
7.38%, due 8/1/2033
|
2,332,614
(d)
|
|
|
|
|
B&M European Value Retail PLC
|
|
|
|
GBP
|
1,232,000
|
8.13%, due 11/15/2030
|
1,738,326
(j)
|
|
|
GBP
|
203,000
|
6.50%, due 11/27/2031
|
271,127
(j)
|
|
|
|
|
Bath & Body Works, Inc.
|
|
|
|
$
|
1,690,000
|
6.63%, due 10/1/2030
|
1,717,321
(d)
|
|
|
|
1,865,000
|
6.88%, due 11/1/2035
|
1,885,746
|
|
|
|
340,000
|
6.75%, due 7/1/2036
|
336,243
|
|
|
GBP
|
1,348,000
|
Boots Group Finco LP, 7.38%, due 8/31/2032
|
1,857,304
(j)
|
|
|
GBP
|
1,931,000
|
CD&R Firefly Bidco PLC, 8.63%, due 4/30/2029
|
2,680,337
(j)
|
|
|
EUR
|
3,251,000
|
Ceconomy AG, 6.25%, due 7/15/2029
|
3,862,108
(j)
|
|
|
$
|
200,000
|
CK Hutchison International 23 Ltd., 4.75%, due 4/21/2028
|
200,788
(d)
|
|
|
|
203,000
|
CK Hutchison International 24 Ltd., 5.38%, due 4/26/2029
|
206,874
(d)
|
|
|
|
1,835,000
|
Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032
|
1,919,254
(d)
|
|
|
EUR
|
2,087,000
|
Dufry One BV, 4.50%, due 5/23/2032
|
2,415,364
(j)
|
|
|
EUR
|
1,220,000
|
Eroski S Coop, 5.75%, due 5/15/2031
|
1,456,998
(j)
|
|
|
|
|
Fnac Darty SA
|
|
|
|
EUR
|
2,155,000
|
6.00%, due 4/1/2029
|
2,559,994
(j)
|
|
|
EUR
|
350,000
|
4.75%, due 4/1/2032
|
411,820
(j)
|
|
|
EUR
|
2,408,000
|
Fressnapf Holding SE, 5.25%, due 10/31/2031
|
2,818,489
(j)
|
|
|
$
|
1,240,000
|
Group 1 Automotive, Inc., 6.38%, due 1/15/2030
|
1,245,709
(d)
|
|
|
|
|
LCM Investments Holdings II LLC
|
|
|
|
|
685,000
|
4.88%, due 5/1/2029
|
668,182
(d)
|
|
|
|
1,485,000
|
8.25%, due 8/1/2031
|
1,547,126
(d)
|
|
|
|
1,610,000
|
Macy's Retail Holdings LLC, 7.38%, due 8/1/2033
|
1,675,351
(d)
|
|
|
|
|
Michaels Cos., Inc.
|
|
|
|
|
2,812,000
|
8.50%, due 3/15/2033
|
2,785,641
(d)
|
|
|
|
3,835,000
|
11.00%, due 3/15/2034
|
3,754,065
(d)
|
|
|
|
360,000
|
Nordstrom, Inc., 4.38%, due 4/1/2030
|
344,063
|
|
|
|
2,100,000
|
Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031
|
2,106,709
(d)
|
|
|
|
|
PetSmart LLC/PetSmart Finance Corp.
|
|
|
|
|
1,920,000
|
7.50%, due 9/15/2032
|
1,939,983
(d)
|
|
|
|
690,000
|
10.00%, due 9/15/2033
|
686,491
(d)
|
|
|
GBP
|
1,000,000
|
Punch Finance PLC, 7.88%, due 12/30/2030
|
1,392,176
(j)
|
|
|
|
|
QXO Building Products, Inc.
|
|
|
|
$
|
1,215,000
|
6.50%, due 7/15/2031
|
1,219,926
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Retail – cont'd
|
|
|||
|
$
|
2,745,000
|
6.75%, due 4/30/2032
|
$2,803,360
(d)
|
|
|
|
1,983,000
|
6.88%, due 7/15/2034
|
1,985,963
(d)
|
|
|
|
550,000
|
Staples, Inc., 10.75%, due 9/1/2029
|
526,269
(d)
|
|
|
|
3,385,000
|
White Cap Supply Holdings LLC, 7.38%, due 11/15/2030
|
3,410,222
(d)
|
|
|
|
|
|
58,396,236
|
|
|
Savings & Loans 0.1%
|
|
|||
|
|
|
Nationwide Building Society
|
|
|
|
EUR
|
100,000
|
4.00%, due 3/18/2028
|
116,053
(j)(k)
|
|
|
$
|
5,600,000
|
5.54%, due 7/14/2036
|
5,526,902
(d)(k)
|
|
|
|
|
|
5,642,955
|
|
|
Semiconductors 0.4%
|
|
|||
|
|
1,575,000
|
Amkor Technology, Inc., 5.88%, due 10/1/2033
|
1,532,020
(d)
|
|
|
|
|
Intel Corp.
|
|
|
|
|
1,075,000
|
4.90%, due 8/5/2052
|
846,322
|
|
|
|
1,925,000
|
5.60%, due 2/21/2054
|
1,683,249
|
|
|
|
26,680,000
|
6.13%, due 5/15/2056
|
25,032,847
|
|
|
EUR
|
4,175,000
|
MKS, Inc., 4.25%, due 2/15/2034
|
4,650,012
(j)
|
|
|
$
|
200,000
|
SK Hynix, Inc., 6.38%, due 1/17/2028
|
204,646
(d)
|
|
|
|
|
|
33,949,096
|
|
|
Software 1.0%
|
|
|||
|
|
770,000
|
Capstone Borrower, Inc., 8.00%, due 6/15/2030
|
749,120
(d)
|
|
|
|
|
Cloud Software Group LLC
|
|
|
|
|
685,000
|
6.50%, due 3/31/2029
|
669,357
(d)
|
|
|
|
820,000
|
9.00%, due 9/30/2029
|
803,396
(d)
|
|
|
|
1,145,000
|
8.25%, due 6/30/2032
|
1,083,156
(d)
|
|
|
|
|
CoreWeave, Inc.
|
|
|
|
|
1,445,000
|
9.00%, due 2/1/2031
|
1,304,393
(d)
|
|
|
|
2,506,000
|
9.75%, due 10/1/2031
|
2,273,852
(d)
|
|
|
|
1,030,000
|
Ellucian Holdings, Inc., 6.50%, due 12/1/2029
|
990,451
(d)
|
|
|
|
|
Fair Isaac Corp.
|
|
|
|
|
1,180,000
|
6.00%, due 5/15/2033
|
1,142,071
(d)
|
|
|
|
1,105,000
|
6.25%, due 9/15/2034
|
1,067,487
(d)
|
|
|
|
7,965,000
|
Fidelity National Information Services, Inc., 4.80%, due 3/10/2031
|
7,824,368
|
|
|
|
|
OAK-Eagle Acquireco, Inc.
|
|
|
|
EUR
|
3,036,000
|
6.25%, due 7/1/2033
|
3,659,312
(j)
|
|
|
$
|
3,005,000
|
7.25%, due 7/1/2033
|
3,113,700
(d)
|
|
|
|
3,157,000
|
8.75%, due 7/1/2034
|
3,325,858
(d)
|
|
|
|
|
Oracle Corp.
|
|
|
|
|
600,000
|
(Secured Overnight Financing Rate + 0.76%), 4.43%, due 8/3/2028
|
592,598
(f)
|
|
|
|
935,000
|
5.20%, due 9/26/2035
|
838,900
|
|
|
|
14,895,000
|
5.70%, due 2/4/2036
|
13,789,313
|
|
|
|
1,455,000
|
5.95%, due 9/26/2055
|
1,156,055
|
|
|
|
32,705,000
|
6.70%, due 2/4/2056
|
28,837,975
|
|
|
|
2,840,000
|
6.85%, due 2/4/2066
|
2,498,877
|
|
|
EUR
|
1,095,000
|
TeamSystem SpA, 5.00%, due 7/1/2031
|
1,213,237
(j)
|
|
|
$
|
3,662,000
|
UKG, Inc., 6.88%, due 2/1/2031
|
3,587,892
(d)
|
|
|
|
|
|
80,521,368
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Student Loan 0.1%
|
|
|||
|
$
|
4,000,000
|
CarbonCount Holdings 1 LLC, 6.28%, due 5/16/2046
|
$3,892,958
|
|
|
Telecommunications 2.9%
|
|
|||
|
|
|
Altice France SA
|
|
|
|
EUR
|
921,494
|
4.75%, due 10/15/2030
|
1,031,001
(j)
|
|
|
$
|
1,578,263
|
6.88%, due 10/15/2030
|
1,540,962
(d)
|
|
|
EUR
|
3,566,313
|
5.50%, due 10/15/2031
|
4,031,926
(j)
|
|
|
$
|
1,355,000
|
6.50%, due 10/15/2031
|
1,307,550
(d)
|
|
|
|
1,165,000
|
6.50%, due 4/15/2032
|
1,127,647
(d)
|
|
|
|
230,000
|
6.88%, due 7/15/2032
|
223,284
(d)
|
|
|
|
4,872,000
|
APLD ComputeCo 2 LLC, 6.75%, due 3/15/2031
|
4,762,422
(d)
|
|
|
|
880,000
|
APLD ComputeCo LLC, 9.25%, due 12/15/2030
|
935,225
(d)
|
|
|
|
|
AT&T, Inc.
|
|
|
|
|
630,000
|
3.80%, due 2/15/2027
|
627,839
|
|
|
|
250,000
|
4.25%, due 3/1/2027
|
249,829
|
|
|
|
13,280,000
|
5.25%, due 10/30/2036
|
12,662,323
|
|
|
|
5,255,000
|
6.20%, due 10/30/2056
|
4,864,012
|
|
|
|
|
Bell Telephone Co. of Canada or Bell Canada
|
|
|
|
|
5,045,000
|
6.88%, due 9/15/2055
|
5,087,015
(k)
|
|
|
|
1,300,000
|
7.00%, due 9/15/2055
|
1,310,348
(k)
|
|
|
|
7,576,000
|
Black Pearl Compute LLC, 6.13%, due 2/15/2031
|
7,563,303
(d)
|
|
|
|
|
British Telecommunications Ltd.
|
|
|
|
EUR
|
1,744,000
|
5.13%, due 10/3/2054
|
2,056,239
(j)(k)
|
|
|
GBP
|
1,535,000
|
8.38%, due 12/20/2083
|
2,176,089
(j)(k)
|
|
|
$
|
3,798,000
|
Cipher Compute LLC, 7.13%, due 11/15/2030
|
3,874,002
(d)
|
|
|
|
200,000
|
Digicel International Finance Ltd./Difl U.S. LLC, 8.63%, due 8/1/2032
|
206,526
(d)
|
|
|
EUR
|
2,390,000
|
eircom Finance DAC, 5.00%, due 4/30/2031
|
2,785,429
(j)
|
|
|
EUR
|
1,770,000
|
Eutelsat Communications SACA, 6.25%, due 3/15/2033
|
2,085,075
(j)
|
|
|
|
|
Fibercop SpA
|
|
|
|
EUR
|
604,000
|
6.88%, due 2/15/2028
|
725,990
(j)
|
|
|
EUR
|
1,421,000
|
7.88%, due 7/31/2028
|
1,753,817
(j)
|
|
|
EUR
|
3,592,000
|
1.63%, due 1/18/2029
|
3,945,277
|
|
|
$
|
1,380,000
|
6.38%, due 11/15/2033
|
1,355,560
(d)
|
|
|
|
1,585,000
|
6.00%, due 9/30/2034
|
1,527,412
(d)
|
|
|
|
580,000
|
7.20%, due 7/18/2036
|
588,659
(d)
|
|
|
|
1,848,000
|
Flash Compute LLC, 7.25%, due 12/31/2030
|
1,866,152
(d)
|
|
|
|
3,425,000
|
Galaxy Helios Data Centers II LLC, 9.88%, due 8/1/2031
|
3,434,316
(d)
|
|
|
|
5,000,000
|
Holdco Infraco SpA, 7.05%, due 4/7/2033
|
4,898,009
|
|
|
|
|
Iliad Holding SAS
|
|
|
|
EUR
|
3,710,000
|
5.63%, due 10/15/2028
|
4,290,509
(j)
|
|
|
$
|
720,000
|
7.00%, due 10/15/2028
|
721,742
(d)
|
|
|
EUR
|
1,420,000
|
6.88%, due 4/15/2031
|
1,714,730
(j)
|
|
|
$
|
655,000
|
8.50%, due 4/15/2031
|
688,995
(d)
|
|
|
|
1,220,000
|
7.00%, due 4/15/2032
|
1,230,546
(d)
|
|
|
|
2,000,000
|
Infraco SpA, 6.06%, due 4/7/2033
|
1,953,735
|
|
|
EUR
|
1,835,000
|
Koninklijke KPN NV, 4.88%, due 6/18/2029
|
2,150,954
(j)(k)(l)
|
|
|
|
|
Level 3 Financing, Inc.
|
|
|
|
$
|
2,170,000
|
6.88%, due 6/30/2033
|
2,195,930
(d)
|
|
|
|
2,730,000
|
7.00%, due 3/31/2034
|
2,777,005
(d)
|
|
|
|
2,835,000
|
8.50%, due 1/15/2036
|
2,949,483
(d)
|
|
|
|
465,000
|
7.50%, due 2/15/2037
|
461,836
(d)
|
|
|
|
480,000
|
Lumen Technologies, Inc., 4.50%, due 1/15/2029
|
456,000
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Telecommunications – cont'd
|
|
|||
|
$
|
9,036,000
|
Meridian Arc Holdco LLC, 6.25%, due 4/30/2031
|
$8,682,085
(d)
|
|
|
EUR
|
800,000
|
Odido Group Holding BV, 5.50%, due 1/15/2030
|
920,106
(j)
|
|
|
EUR
|
2,970,000
|
Odido Holding BV, 3.75%, due 1/15/2029
|
3,407,122
(j)
|
|
|
$
|
5,515,000
|
Ooredoo International Finance Ltd., 4.63%, due 10/10/2034
|
5,315,266
(j)
|
|
|
EUR
|
1,476,000
|
PLT VII Finance SARL, 6.00%, due 6/15/2031
|
1,744,475
(j)
|
|
|
$
|
4,292,000
|
PR RNO Property Owner 1 LLC, 6.50%, due 5/1/2031
|
4,041,429
(d)
|
|
|
EUR
|
2,500,000
|
Proximus SADP, 4.75%, due 7/2/2031
|
2,896,432
(j)(k)(l)
|
|
|
|
|
Rogers Communications, Inc.
|
|
|
|
$
|
6,080,000
|
7.00%, due 4/15/2055
|
6,116,486
(k)
|
|
|
|
6,320,000
|
7.13%, due 4/15/2055
|
6,378,472
(k)
|
|
|
|
4,362,000
|
6.88%, due 7/31/2056
|
4,363,780
(k)
|
|
|
EUR
|
2,803,000
|
SES SA, 3.50%, due 1/14/2029
|
3,195,479
(j)
|
|
|
|
|
SoftBank Group Corp.
|
|
|
|
EUR
|
905,000
|
5.00%, due 4/15/2028
|
1,049,552
(j)
|
|
|
EUR
|
1,115,000
|
5.25%, due 10/10/2029
|
1,276,870
(j)
|
|
|
EUR
|
1,870,000
|
5.88%, due 7/10/2031
|
2,130,914
(j)
|
|
|
EUR
|
100,000
|
6.50%, due 10/29/2062
|
102,337
(j)(k)
|
|
|
$
|
200,000
|
STC Sukuk Co. II Ltd., 4.49%, due 1/15/2031
|
194,470
(d)
|
|
|
|
3,145,000
|
Stingray Compute LLC, 6.00%, due 6/15/2031
|
3,068,187
(d)
|
|
|
EUR
|
835,000
|
Sunrise HoldCo IV BV, 3.88%, due 6/15/2029
|
962,880
(j)
|
|
|
$
|
7,331,000
|
SV RNO Property Owner 1 LLC, 5.88%, due 3/1/2031
|
6,807,535
(d)
|
|
|
|
|
Telecom Italia SpA
|
|
|
|
EUR
|
1,153,000
|
6.88%, due 2/15/2028
|
1,384,424
(j)
|
|
|
EUR
|
968,000
|
7.88%, due 7/31/2028
|
1,195,625
(j)
|
|
|
EUR
|
795,000
|
1.63%, due 1/18/2029
|
877,747
(j)
|
|
|
|
|
Telefonica Europe BV
|
|
|
|
EUR
|
1,200,000
|
6.14%, due 2/3/2030
|
1,451,822
(j)(k)(l)
|
|
|
EUR
|
1,800,000
|
6.75%, due 6/7/2031
|
2,234,963
(j)(k)(l)
|
|
|
EUR
|
3,900,000
|
5.75%, due 1/15/2032
|
4,661,824
(j)(k)(l)
|
|
|
EUR
|
900,000
|
2.88%, due 6/24/2027
|
1,028,700
(j)(k)(l)
|
|
|
$
|
6,160,000
|
TELUS Corp., 6.63%, due 6/9/2056
|
6,016,285
(k)
|
|
|
|
515,000
|
T-Mobile USA, Inc., 3.75%, due 4/15/2027
|
512,442
|
|
|
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
|
|
|
|
|
1,420,000
|
6.50%, due 2/15/2029
|
1,400,493
(d)
|
|
|
|
1,614,000
|
8.63%, due 6/15/2032
|
1,648,317
(d)
|
|
|
|
1,500,000
|
8.63%, due 6/15/2032
|
1,531,893
(d)
|
|
|
|
3,025,000
|
Uniti Services LLC, 7.50%, due 10/15/2033
|
3,091,202
(d)
|
|
|
|
220,000
|
Veon Midco BV, 6.95%, due 6/1/2031
|
218,932
(d)
|
|
|
|
|
Verizon Communications, Inc.
|
|
|
|
|
1,054,000
|
4.13%, due 3/16/2027
|
1,052,691
|
|
|
|
8,990,000
|
6.20%, due 5/14/2056
|
8,798,104
(k)
|
|
|
GBP
|
580,000
|
5.74%, due 8/15/2056
|
754,351
(k)
|
|
|
$
|
8,990,000
|
6.05%, due 5/14/2058
|
8,840,132
(k)
|
|
|
|
|
Vmed O2 U.K. Financing I PLC
|
|
|
|
GBP
|
2,856,000
|
4.50%, due 7/15/2031
|
3,150,000
(j)
|
|
|
EUR
|
1,050,000
|
5.63%, due 4/15/2032
|
1,048,620
(j)
|
|
|
|
|
Vodafone Group PLC
|
|
|
|
$
|
3,715,000
|
5.75%, due 6/28/2054
|
3,350,625
|
|
|
EUR
|
1,320,000
|
4.13%, due 9/12/2055
|
1,478,028
(j)(k)
|
|
|
EUR
|
5,801,000
|
3.00%, due 8/27/2080
|
6,344,098
(j)(k)
|
|
|
EUR
|
4,300,000
|
6.50%, due 8/30/2084
|
5,239,956
(j)(k)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Telecommunications – cont'd
|
|
|||
|
$
|
3,120,000
|
Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031
|
$3,248,010
(d)
|
|
|
|
1,812,000
|
Yondr JK 1 LLC, 6.88%, due 6/30/2031
|
1,725,773
(d)
|
|
|
|
|
Zayo Group Holdings, Inc.
|
|
|
|
|
2,261,080
|
5.75% Cash/0.50% PIK, due 3/9/2030
|
2,258,254
(d)(m)
|
|
|
|
418,977
|
7.13% Cash/1.88% PIK, due 9/9/2030
|
410,597
(d)(m)
|
|
|
|
|
|
239,802,488
|
|
|
Transportation 0.2%
|
|
|||
|
EUR
|
2,311,000
|
CMA CGM SA, 5.00%, due 1/15/2031
|
2,681,230
(j)
|
|
|
GBP
|
2,008,000
|
Edge Finco PLC, 8.13%, due 8/15/2031
|
2,805,693
(j)
|
|
|
$
|
4,500,000
|
Impala Terminals Pte. Ltd., 6.33%, due 8/6/2032
|
4,475,577
|
|
|
EUR
|
100,000
|
Mobico Group PLC, 4.88%, due 9/26/2031
|
98,178
(j)
|
|
|
$
|
413,341
|
MV24 Capital BV, 6.75%, due 6/1/2034
|
417,975
(d)
|
|
|
|
1,375,000
|
PODS LLC, 8.75%, due 5/15/2031
|
1,309,629
(d)
|
|
|
|
5,300,000
|
XPO, Inc., 7.13%, due 2/1/2032
|
5,464,236
(d)
|
|
|
|
|
|
17,252,518
|
|
|
Trucking & Leasing 0.0%‡
|
|
|||
|
|
|
FTAI Aviation Investors LLC
|
|
|
|
|
320,000
|
7.88%, due 12/1/2030
|
333,416
(d)
|
|
|
|
1,455,000
|
7.00%, due 5/1/2031
|
1,495,431
(d)
|
|
|
|
485,000
|
7.00%, due 6/15/2032
|
495,197
(d)
|
|
|
|
|
|
2,324,044
|
|
|
Water 0.2%
|
|
|||
|
GBP
|
740,000
|
Affinity Water Finance PLC, 6.25%, due 9/12/2040
|
954,712
(j)
|
|
|
|
|
Holding d'Infrastructures des Metiers de l'Environnement SAS
|
|
|
|
EUR
|
2,835,000
|
4.88%, due 10/24/2029
|
3,338,609
(j)
|
|
|
EUR
|
335,000
|
3.88%, due 1/31/2031
|
384,151
(j)
|
|
|
GBP
|
570,000
|
Northumbrian Water Finance PLC, 5.38%, due 7/22/2032
|
746,470
(j)
|
|
|
GBP
|
570,000
|
South West Water Finance PLC, 5.25%, due 9/15/2031
|
747,318
(j)
|
|
|
GBP
|
790,000
|
United Utilities Water Finance PLC, 5.75%, due 5/28/2051
|
901,652
(j)
|
|
|
|
|
Veolia Environnement SA
|
|
|
|
EUR
|
3,000,000
|
5.99%, due 11/22/2028
|
3,593,665
(j)(k)(l)
|
|
|
EUR
|
1,100,000
|
2.50%, due 1/20/2029
|
1,214,507
(j)(k)(l)
|
|
|
EUR
|
4,100,000
|
4.37%, due 5/20/2030
|
4,708,301
(j)(k)(l)
|
|
|
GBP
|
690,000
|
Wessex Water Services Finance PLC, 6.13%, due 9/19/2034
|
911,365
(j)
|
|
|
GBP
|
710,000
|
Yorkshire Water Finance PLC, 6.63%, due 7/22/2040
|
915,726
(j)
|
|
|
|
|
|
18,416,476
|
|
|
Total Corporate Bonds (Cost $3,260,046,013)
|
3,226,460,791
|
|||
|
|
||||
|
Loan Assignments(f) 0.6%
|
||||
|
Aerospace & Defense 0.2%
|
|
|||
|
$
|
12,849,538
|
Chol Aviation Capital Ltd., Term Loan, (3 mo. USD Term SOFR), due 2/11/2033
|
12,434,435
|
|
|
|
1,400,000
|
ESCO Technologies, Inc., Term Loan B, (1 mo. USD Term SOFR), due 5/27/2033
|
1,396,500
(o)(p)(q)
|
|
|
|
1,800,288
|
Peraton Corp., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.67%, due 2/1/2028
|
1,635,688
|
|
|
|
|
|
15,466,623
|
|
|
Building Products 0.0%‡
|
|
|||
|
|
1,156,394
|
Jeld-Wen, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 5.85%, due
7/28/2028
|
969,926
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Capital Markets 0.1%
|
|
|||
|
$
|
1,928,674
|
Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%), 5.82%, due
7/31/2030
|
$1,771,371
|
|
|
|
3,940,000
|
Guggenheim Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.23%,
due 11/26/2031
|
3,853,478
|
|
|
|
|
|
5,624,849
|
|
|
Containers & Packaging 0.0%‡
|
|
|||
|
|
2,607,862
|
Klockner-Pentaplast of America, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%),
5.84%, due 1/30/2031
|
2,473,400
(o)(q)
|
|
|
Diversified Telecommunication Services 0.0%‡
|
|
|||
|
|
3,282,447
|
CSC Holdings LLC, Term Loan B5, (3 mo. USD Term SOFR + 1.50%), 8.25%, due
4/15/2027
|
2,061,377
|
|
|
Entertainment 0.0%‡
|
|
|||
|
|
3,940,275
|
TKO Worldwide Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 1.75%),
5.41%, due 11/21/2031
|
3,931,567
|
|
|
Health Care Providers & Services 0.0%‡
|
|
|||
|
|
4,592,810
|
Summit Behavioral Healthcare LLC, Term Loan, (3 mo. USD Term SOFR + 4.25%),
7.98%, due 12/31/2029
|
2,855,212
|
|
|
Health Care Technology 0.1%
|
|
|||
|
|
5,000,000
|
Hologic, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.99%, due 4/7/2033
|
4,915,300
|
|
|
Machinery 0.1%
|
|
|||
|
|
6,392,894
|
EMRLD Borrower LP, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.07%, due
8/4/2031
|
6,390,784
|
|
|
Media 0.1%
|
|
|||
|
|
6,216,665
|
Charter Communications Operating LLC, Term Loan B5, (3 mo. USD Term SOFR +
2.25%), 5.98%, due 12/15/2031
|
5,971,480
|
|
|
Software 0.0%‡
|
|
|||
|
|
1,004,023
|
Project Leopard Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.25%),
9.17%, due 7/20/2029
|
604,090
|
|
|
Total Loan Assignments (Cost $52,802,256)
|
51,264,608
|
|||
|
Foreign Government Securities 8.1%
|
|
|||
|
|
|
Abu Dhabi Government International Bonds
|
|
|
|
|
6,330,000
|
5.00%, due 4/30/2034
|
6,290,767
(d)
|
|
|
|
3,190,000
|
5.50%, due 4/30/2054
|
2,962,798
(d)
|
|
|
|
|
Angolan Government International Bonds
|
|
|
|
|
1,087,000
|
8.00%, due 11/26/2029
|
1,109,986
(d)
|
|
|
|
400,000
|
9.24%, due 1/15/2031
|
418,020
(j)
|
|
|
|
760,000
|
8.75%, due 4/14/2032
|
775,683
(d)
|
|
|
|
2,240,000
|
9.38%, due 3/31/2033
|
2,308,177
(d)
|
|
|
|
3,545,000
|
9.38%, due 5/8/2048
|
3,406,185
(d)
|
|
|
|
1,990,000
|
9.13%, due 11/26/2049
|
1,868,111
(d)
|
|
|
|
|
Argentine Republic Government International Bonds
|
|
|
|
|
207,589
|
1.00%, due 7/9/2029
|
185,689
|
|
|
|
2,327,002
|
0.75%, due 7/9/2030
|
2,031,472
(n)
|
|
|
|
22,340,000
|
4.13%, due 7/9/2035
|
17,659,770
(n)
|
|
|
|
310,000
|
5.00%, due 1/9/2038
|
255,440
|
|
|
|
7,170,000
|
3.50%, due 7/9/2041
|
5,298,630
(n)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
ARS
|
1,660,331,000
|
Argentine Treasury Bonds BONTE, 29.50%, due 5/30/2030
|
$1,241,355
|
|
|
|
|
Autonomous Community of Catalonia
|
|
|
|
EUR
|
4,000,000
|
5.48%, due 5/11/2029
|
4,845,028
|
|
|
EUR
|
8,000,000
|
5.88%, due 2/15/2033
|
10,514,420
(j)
|
|
|
|
|
Autonomous Community of Madrid
|
|
|
|
EUR
|
4,000,000
|
3.60%, due 4/30/2033
|
4,662,502
(j)
|
|
|
EUR
|
90,000
|
3.46%, due 4/30/2034
|
103,679
(j)
|
|
|
$
|
200,000
|
Bahamas Government International Bonds, 8.95%, due 10/15/2032
|
222,922
(j)
|
|
|
|
200,000
|
Baiterek National Investment Holding JSC, 5.45%, due 5/8/2028
|
200,750
(d)
|
|
|
|
|
Bank Gospodarstwa Krajowego
|
|
|
|
EUR
|
100,000
|
3.75%, due 6/10/2034
|
114,008
(j)
|
|
|
EUR
|
100,000
|
4.50%, due 6/10/2041
|
114,343
(j)
|
|
|
EUR
|
100,000
|
Banque et Caisse d'Epargne de l'Etat, 3.25%, due 3/19/2031
|
113,850
(j)(k)
|
|
|
|
|
Bermuda Government International Bonds
|
|
|
|
$
|
300,000
|
3.72%, due 1/25/2027
|
298,374
(j)
|
|
|
|
200,000
|
5.00%, due 7/15/2032
|
197,000
(j)
|
|
|
EUR
|
330,000
|
BNG Bank NV, 2.50%, due 5/21/2030
|
372,164
(j)
|
|
|
EUR
|
200,000
|
Bpifrance SACA, 3.38%, due 2/25/2036
|
219,356
(j)
|
|
|
|
|
Brazil Government International Bonds
|
|
|
|
$
|
2,000,000
|
6.13%, due 1/22/2032
|
2,021,000
|
|
|
|
1,250,000
|
6.00%, due 10/20/2033
|
1,239,375
|
|
|
|
1,900,000
|
6.25%, due 5/22/2036
|
1,840,150
|
|
|
|
800,000
|
7.13%, due 5/13/2054
|
765,600
|
|
|
|
10,235,000
|
7.25%, due 1/12/2056
|
9,805,130
|
|
|
|
|
Brazil Notas do Tesouro Nacional
|
|
|
|
BRL
|
13,105,000
|
10.00%, due 1/1/2029
|
2,393,860
|
|
|
BRL
|
6,760,000
|
10.00%, due 1/1/2031
|
1,156,987
|
|
|
BRL
|
2,000,000
|
10.00%, due 1/1/2033
|
324,094
|
|
|
BRL
|
57,020,000
|
10.00%, due 1/1/2035
|
8,862,573
|
|
|
|
|
Bulgaria Government International Bonds
|
|
|
|
EUR
|
45,000
|
3.50%, due 5/7/2034
|
50,725
(j)
|
|
|
EUR
|
73,000
|
4.88%, due 5/13/2036
|
89,516
(j)
|
|
|
EUR
|
65,000
|
4.13%, due 5/7/2038
|
73,133
(j)
|
|
|
EUR
|
137,000
|
Bundesobligation, 2.40%, due 4/18/2030
|
155,406
(j)
|
|
|
|
|
Bundesrepublik Deutschland Bundesanleihe
|
|
|
|
EUR
|
286,218
|
0.00%, due 8/15/2031
|
285,665
(j)
|
|
|
EUR
|
295,000
|
0.00%, due 2/15/2032
|
289,739
(j)
|
|
|
EUR
|
43,000
|
4.75%, due 7/4/2034
|
55,388
(j)
|
|
|
EUR
|
130,000
|
1.00%, due 5/15/2038
|
116,005
(j)
|
|
|
EUR
|
136,900
|
2.50%, due 8/15/2046
|
132,893
(j)
|
|
|
EUR
|
118,000
|
3.40%, due 5/15/2047
|
131,594
(j)
|
|
|
$
|
780,000
|
Caisse d'Amortissement de la Dette Sociale, 4.00%, due 3/3/2033
|
741,279
(d)
|
|
|
EUR
|
300,000
|
Cassa Depositi e Prestiti SpA, 2.00%, due 4/20/2027
|
343,957
(j)
|
|
|
|
|
Chile Government International Bonds
|
|
|
|
$
|
9,370,000
|
3.50%, due 1/31/2034
|
8,301,820
|
|
|
|
4,125,000
|
5.33%, due 1/5/2054
|
3,747,562
|
|
|
|
|
Colombia Government International Bonds
|
|
|
|
|
320,000
|
5.38%, due 1/21/2029
|
318,352
|
|
|
|
776,000
|
7.38%, due 4/25/2030
|
811,308
|
|
|
EUR
|
140,000
|
5.00%, due 9/19/2032
|
158,132
|
|
|
$
|
1,985,000
|
7.50%, due 2/2/2034
|
2,080,280
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
$
|
850,000
|
7.75%, due 11/7/2036
|
$907,587
|
|
|
|
|
Colombian TES
|
|
|
|
COP
|
9,021,700,000
|
7.00%, due 6/30/2032
|
2,248,634
|
|
|
COP
|
702,400,000
|
13.25%, due 2/9/2033
|
231,833
|
|
|
COP
|
11,830,100,000
|
7.25%, due 10/18/2034
|
2,814,496
|
|
|
|
|
Costa Rica Government International Bonds
|
|
|
|
CRC
|
1,521,800,000
|
10.58%, due 9/26/2029
|
3,823,795
(j)
|
|
|
CRC
|
224,250,000
|
7.20%, due 7/27/2033
|
493,611
(j)
|
|
|
CRC
|
1,527,750,000
|
7.20%, due 10/19/2033
|
3,394,611
(j)
|
|
|
CRC
|
1,050,000,000
|
7.53%, due 7/26/2034
|
2,448,446
(j)
|
|
|
CRC
|
21,200,000
|
11.27%, due 3/21/2035
|
63,536
(j)
|
|
|
$
|
1,625,000
|
7.16%, due 3/12/2045
|
1,724,125
(j)
|
|
|
|
4,810,000
|
7.30%, due 11/13/2054
|
5,204,420
(d)
|
|
|
EUR
|
133,201
|
Deutsche Bundesrepublik Bonds, Inflation-Linked, 0.50%, due 4/15/2030
|
151,637
(c)(j)
|
|
|
$
|
440,000
|
Development Bank of Mongolia LLC, 6.90%, due 7/2/2031
|
436,148
(j)
|
|
|
DOP
|
42,000,000
|
Dominican Republic Central Bank Notes, 8.50%, due 10/1/2027
|
715,834
(j)
|
|
|
|
|
Dominican Republic International Bonds
|
|
|
|
$
|
116,667
|
8.63%, due 4/20/2027
|
119,233
(j)
|
|
|
|
1,395,000
|
7.05%, due 2/3/2031
|
1,447,312
(d)
|
|
|
DOP
|
134,350,000
|
13.63%, due 2/3/2033
|
2,785,963
(j)
|
|
|
$
|
1,580,000
|
5.88%, due 10/28/2035
|
1,518,838
(d)
|
|
|
DOP
|
72,600,000
|
10.75%, due 6/1/2036
|
1,361,873
(j)
|
|
|
$
|
2,075,000
|
6.95%, due 3/15/2037
|
2,126,875
(d)
|
|
|
|
1,310,000
|
5.30%, due 1/21/2041
|
1,126,600
(d)
|
|
|
|
2,420,000
|
6.85%, due 1/27/2045
|
2,371,600
(d)
|
|
|
|
635,000
|
6.40%, due 6/5/2049
|
590,550
(d)
|
|
|
|
6,790,000
|
7.15%, due 2/24/2055
|
6,895,245
(d)
|
|
|
|
5,420,000
|
5.88%, due 1/30/2060
|
4,579,900
(d)
|
|
|
|
|
Eagle Funding Luxco SARL
|
|
|
|
|
8,595,000
|
5.50%, due 8/17/2030
|
8,579,959
(d)
|
|
|
|
250,000
|
5.50%, due 8/17/2030
|
249,563
(j)
|
|
|
|
|
Ecuador Government International Bonds
|
|
|
|
|
750,000
|
8.75%, due 1/29/2034
|
742,875
(d)
|
|
|
|
200,000
|
8.75%, due 1/29/2034
|
198,100
(j)
|
|
|
|
794,797
|
6.90%, due 7/31/2035
|
714,522
(d)
|
|
|
|
4,990,000
|
9.25%, due 1/29/2039
|
4,965,050
(d)
|
|
|
|
2,400,000
|
5.50%, due 7/31/2040
|
1,936,848
(d)(n)
|
|
|
|
|
Egypt Government Bonds
|
|
|
|
EGP
|
400,000,000
|
22.70%, due 12/2/2027
|
7,655,004
|
|
|
EGP
|
57,000,000
|
21.49%, due 12/2/2028
|
1,084,189
|
|
|
EGP
|
160,000,000
|
23.06%, due 6/2/2029
|
3,103,532
|
|
|
EGP
|
47,000,000
|
19.70%, due 10/14/2030
|
832,021
|
|
|
|
|
Egypt Government International Bonds
|
|
|
|
$
|
320,000
|
8.63%, due 2/4/2030
|
336,452
(j)
|
|
|
|
5,805,000
|
7.05%, due 1/15/2032
|
5,706,010
(d)
|
|
|
|
200,000
|
7.63%, due 5/29/2032
|
200,294
(j)
|
|
|
|
1,650,000
|
7.63%, due 5/29/2032
|
1,654,550
(d)
|
|
|
|
4,903,000
|
9.45%, due 2/4/2033
|
5,331,073
(d)
|
|
|
|
1,355,000
|
8.50%, due 1/31/2047
|
1,270,497
(d)
|
|
|
|
1,055,000
|
8.88%, due 5/29/2050
|
1,011,909
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
|
|
El Salvador Government International Bonds
|
|
|
|
$
|
251,000
|
8.63%, due 2/28/2029
|
$263,249
(j)
|
|
|
|
160,000
|
4.00%, due 4/17/2030
|
4,311
(d)
|
|
|
|
160,000
|
9.25%, due 4/17/2030
|
171,123
(d)
|
|
|
|
345,000
|
9.50%, due 7/15/2052
|
385,986
(d)
|
|
|
EUR
|
3,000
|
Estonia Government International Bonds, 3.25%, due 1/17/2034
|
3,380
(j)
|
|
|
|
|
European Union
|
|
|
|
EUR
|
230,000
|
2.00%, due 10/4/2027
|
262,967
(j)
|
|
|
EUR
|
350,000
|
2.63%, due 7/4/2028
|
401,532
(j)
|
|
|
EUR
|
140,000
|
3.13%, due 12/4/2030
|
161,669
(j)
|
|
|
EUR
|
100,000
|
2.88%, due 10/13/2031
|
113,790
(j)
|
|
|
EUR
|
80,000
|
2.50%, due 12/4/2031
|
89,210
(j)
|
|
|
EUR
|
60,000
|
3.38%, due 10/4/2039
|
65,846
(j)
|
|
|
EUR
|
89,000
|
3.75%, due 10/12/2045
|
97,695
(j)
|
|
|
EUR
|
37,428
|
4.00%, due 10/12/2055
|
41,111
(j)
|
|
|
EUR
|
427,000
|
French Republic Government Bonds OAT, 4.40%, due 5/25/2057
|
463,632
(j)
|
|
|
|
|
French Republic Government Bonds OAT, Inflation-Linked
|
|
|
|
EUR
|
68,597
|
0.60%, due 7/25/2034
|
73,349
(c)(j)
|
|
|
EUR
|
85,573
|
0.10%, due 7/25/2036
|
83,505
(c)(j)
|
|
|
|
|
Ghana Government International Bonds
|
|
|
|
$
|
7,033,800
|
5.00%, due 7/3/2029
|
6,886,360
(d)(n)
|
|
|
|
150,000
|
5.00%, due 7/3/2029
|
146,825
(j)(n)
|
|
|
|
6,510
|
0.00%, due 1/3/2030
|
5,708
(d)
|
|
|
|
69,600
|
5.00%, due 7/3/2035
|
63,723
(d)(n)
|
|
|
|
|
Guatemala Government Bonds
|
|
|
|
|
3,535,000
|
6.25%, due 8/15/2036
|
3,580,955
(d)
|
|
|
|
2,545,000
|
6.88%, due 8/15/2055
|
2,656,980
(d)
|
|
|
|
|
Hellenic Republic Government Bonds
|
|
|
|
EUR
|
79,000
|
3.38%, due 6/15/2034
|
89,252
(j)
|
|
|
EUR
|
97,000
|
3.38%, due 6/16/2036
|
107,017
(j)
|
|
|
EUR
|
166,000
|
4.38%, due 7/18/2038
|
197,627
(j)
|
|
|
$
|
200,000
|
Honduras Government International Bonds, 5.63%, due 6/24/2030
|
197,860
(j)
|
|
|
|
|
Hungary Government Bonds
|
|
|
|
HUF
|
1,519,340,000
|
3.25%, due 10/22/2031
|
4,319,907
|
|
|
HUF
|
806,110,000
|
2.25%, due 6/22/2034
|
2,022,748
|
|
|
|
|
Hungary Government International Bonds
|
|
|
|
EUR
|
125,000
|
3.50%, due 3/23/2032
|
141,113
(j)
|
|
|
EUR
|
420,000
|
4.25%, due 5/26/2033
|
488,560
(j)
|
|
|
EUR
|
84,000
|
4.25%, due 5/21/2037
|
94,074
(j)
|
|
|
EUR
|
100,000
|
Iceland Government International Bonds, 3.25%, due 5/27/2031
|
114,953
(j)
|
|
|
$
|
4,000,000
|
Indonesia Government International Bonds, 4.63%, due 4/15/2043
|
3,349,696
(d)
|
|
|
|
2,625,000
|
Israel Government International Bonds, 5.88%, due 1/13/2056
|
2,450,400
|
|
|
|
|
Italy Buoni Poliennali Del Tesoro
|
|
|
|
EUR
|
40,000
|
2.20%, due 2/28/2028
|
45,603
(j)
|
|
|
EUR
|
280,000
|
3.00%, due 8/1/2029
|
322,094
(j)
|
|
|
EUR
|
60,000
|
2.95%, due 7/1/2030
|
68,428
(j)
|
|
|
EUR
|
357,000
|
0.60%, due 8/1/2031
|
359,888
(j)
|
|
|
EUR
|
136,000
|
3.15%, due 3/15/2033
|
152,610
(j)
|
|
|
EUR
|
91,000
|
3.65%, due 8/1/2035
|
103,111
(j)
|
|
|
EUR
|
209,000
|
1.45%, due 3/1/2036
|
193,665
(j)
|
|
|
EUR
|
109,000
|
4.05%, due 10/30/2037
|
125,619
(j)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
EUR
|
264,000
|
4.15%, due 10/1/2039
|
$302,383
(j)
|
|
|
EUR
|
837,000
|
3.85%, due 10/1/2040
|
920,981
(j)
|
|
|
EUR
|
243,000
|
1.80%, due 3/1/2041
|
204,784
(j)
|
|
|
EUR
|
198,000
|
3.95%, due 10/1/2041
|
218,172
(j)
|
|
|
EUR
|
290,000
|
4.30%, due 10/1/2054
|
313,666
(j)
|
|
|
EUR
|
79,000
|
4.65%, due 10/1/2055
|
89,929
(j)
|
|
|
|
|
Italy Buoni Poliennali Del Tesoro, Inflation-Linked
|
|
|
|
EUR
|
45,379
|
1.10%, due 8/15/2031
|
51,986
(c)(j)
|
|
|
EUR
|
34,123
|
1.80%, due 5/15/2036
|
38,815
(c)(j)
|
|
|
|
|
Ivory Coast Government International Bonds
|
|
|
|
EUR
|
636,000
|
5.25%, due 3/22/2030
|
734,850
(j)
|
|
|
EUR
|
100,000
|
5.88%, due 10/17/2031
|
117,019
(j)
|
|
|
$
|
1,350,000
|
7.63%, due 1/30/2033
|
1,412,930
(d)
|
|
|
|
3,715,000
|
6.13%, due 6/15/2033
|
3,596,721
(d)
|
|
|
|
200,000
|
6.13%, due 6/15/2033
|
193,632
(j)
|
|
|
|
17,215,000
|
8.08%, due 4/1/2036
|
18,365,284
(d)
|
|
|
|
6,880,000
|
8.25%, due 1/30/2037
|
7,402,747
(d)
|
|
|
|
1,620,000
|
6.75%, due 2/25/2041
|
1,519,136
(d)
|
|
|
|
|
Kazakhstan Government Bonds
|
|
|
|
KZT
|
417,674,000
|
10.47%, due 10/27/2028
|
799,418
|
|
|
KZT
|
1,954,502,000
|
16.95%, due 10/9/2030
|
4,429,509
|
|
|
KZT
|
220,000,000
|
14.94%, due 6/18/2031
|
472,347
|
|
|
KZT
|
2,424,156,000
|
10.69%, due 8/23/2033
|
4,308,131
|
|
|
KZT
|
382,703,000
|
15.10%, due 3/12/2034
|
835,774
|
|
|
|
|
Kingdom of Belgium Government Bonds
|
|
|
|
EUR
|
845,000
|
3.10%, due 6/22/2035
|
934,410
(j)
|
|
|
EUR
|
172,097
|
1.45%, due 6/22/2037
|
156,914
(j)
|
|
|
$
|
400,000
|
Korea Housing Finance Corp., 4.63%, due 2/24/2028
|
401,031
(d)
|
|
|
|
200,000
|
Korea Hydro & Nuclear Power Co. Ltd., 5.00%, due 7/18/2028
|
201,437
(d)
|
|
|
|
322,000
|
Korea National Oil Corp., 4.00%, due 9/29/2028
|
317,598
(d)
|
|
|
|
|
Latvia Government International Bonds
|
|
|
|
EUR
|
108,000
|
2.88%, due 5/21/2030
|
123,027
(j)
|
|
|
EUR
|
123,000
|
3.50%, due 10/2/2035
|
138,246
(j)
|
|
|
|
|
Lithuania Government International Bonds
|
|
|
|
EUR
|
267,000
|
3.63%, due 11/18/2033
|
306,756
(j)
|
|
|
EUR
|
37,000
|
3.50%, due 2/13/2034
|
42,014
(j)
|
|
|
|
|
Mexico Bonos
|
|
|
|
MXN
|
6,350,000
|
8.50%, due 5/31/2029
|
371,541
|
|
|
MXN
|
51,140,000
|
7.75%, due 5/29/2031
|
2,867,820
|
|
|
MXN
|
59,320,000
|
7.75%, due 11/23/2034
|
3,162,614
|
|
|
MXN
|
30,550,000
|
7.75%, due 11/13/2042
|
1,487,345
|
|
|
|
|
Mexico Government International Bonds
|
|
|
|
$
|
4,790,000
|
6.35%, due 2/9/2035
|
4,804,370
|
|
|
|
16,890,000
|
6.13%, due 2/9/2038
|
16,129,950
|
|
|
|
2,375,000
|
4.75%, due 3/8/2044
|
1,835,875
|
|
|
|
790,000
|
5.55%, due 1/21/2045
|
684,890
|
|
|
|
|
MFB Magyar Fejlesztesi Bank Zrt
|
|
|
|
|
200,000
|
6.50%, due 6/29/2028
|
204,589
(j)
|
|
|
EUR
|
100,000
|
4.38%, due 6/27/2030
|
117,742
(j)
|
|
|
MAD
|
53,200,000
|
Morocco Government Bonds, 3.05%, due 7/16/2040
|
5,274,266
|
|
|
$
|
21,920,000
|
Morocco Government International Bonds, 6.50%, due 9/8/2033
|
22,909,269
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
|
|
Netherlands Government Bonds
|
|
|
|
EUR
|
263,397
|
0.00%, due 7/15/2030
|
$271,035
(j)
|
|
|
EUR
|
28,000
|
2.50%, due 7/15/2035
|
30,465
(j)
|
|
|
EUR
|
350,633
|
4.00%, due 1/15/2037
|
427,749
(j)
|
|
|
|
|
Nigeria Government Bonds
|
|
|
|
NGN
|
7,769,943,000
|
17.95%, due 6/25/2032
|
5,768,561
|
|
|
NGN
|
3,536,359,000
|
22.60%, due 1/29/2035
|
3,165,285
|
|
|
|
|
Nigeria Government International Bonds
|
|
|
|
$
|
460,000
|
8.38%, due 3/24/2029
|
484,525
(j)
|
|
|
|
2,380,000
|
7.70%, due 2/23/2038
|
2,424,254
(d)
|
|
|
|
|
Nigeria OMO Bills
|
|
|
|
NGN
|
775,000,000
|
18.98%, due 9/22/2026
|
552,048
(b)
|
|
|
NGN
|
1,000,000,000
|
19.68%, due 12/8/2026
|
684,707
(b)
|
|
|
|
9,940,000
|
Oman Government International Bonds, 6.00%, due 8/1/2029
|
10,154,062
(d)
|
|
|
|
|
Panama Government International Bonds
|
|
|
|
|
100,000
|
8.88%, due 9/30/2027
|
104,160
|
|
|
|
1,675,000
|
2.25%, due 9/29/2032
|
1,379,362
|
|
|
|
970,000
|
5.23%, due 2/23/2034
|
935,565
|
|
|
|
4,985,000
|
6.40%, due 2/14/2035
|
5,144,520
|
|
|
|
5,740,000
|
5.66%, due 2/23/2038
|
5,556,320
|
|
|
|
|
Paraguay Government International Bonds
|
|
|
|
|
200,000
|
4.95%, due 4/28/2031
|
197,800
(d)
|
|
|
PYG
|
11,453,000,000
|
8.50%, due 3/4/2035
|
1,865,311
(j)
|
|
|
PYG
|
5,312,000,000
|
8.50%, due 4/4/2038
|
848,463
(j)
|
|
|
|
1,655,000
|
5.40%, due 3/30/2050
|
1,446,470
(d)
|
|
|
|
|
Peru Government Bonds
|
|
|
|
PEN
|
20,854,000
|
6.15%, due 8/12/2032
|
6,658,356
|
|
|
PEN
|
942,000
|
5.40%, due 8/12/2034
|
270,144
|
|
|
PEN
|
11,653,000
|
Peruvian Government International Bonds, 6.90%, due 8/12/2037
|
3,508,452
(j)
|
|
|
|
|
Portugal Obrigacoes do Tesouro OT
|
|
|
|
EUR
|
82,000
|
1.95%, due 6/15/2029
|
92,208
(j)
|
|
|
EUR
|
480,000
|
1.65%, due 7/16/2032
|
509,151
(j)
|
|
|
EUR
|
127,000
|
2.88%, due 10/14/2033
|
142,504
(j)
|
|
|
EUR
|
31,000
|
3.63%, due 6/12/2054
|
32,524
(j)
|
|
|
|
|
Province of Alberta
|
|
|
|
CAD
|
30,675,000
|
3.05%, due 12/1/2048
|
16,584,434
|
|
|
CAD
|
8,505,000
|
3.10%, due 6/1/2050
|
4,590,461
|
|
|
|
|
Province of British Columbia
|
|
|
|
EUR
|
200,000
|
3.63%, due 5/29/2036
|
229,079
(j)
|
|
|
CAD
|
29,865,000
|
4.60%, due 6/18/2057
|
20,373,007
|
|
|
|
|
Province of Ontario
|
|
|
|
CAD
|
21,210,000
|
3.60%, due 6/2/2035
|
14,734,508
|
|
|
$
|
1,335,000
|
4.85%, due 5/29/2036
|
1,322,846
|
|
|
CAD
|
21,210,000
|
3.90%, due 6/2/2036
|
14,929,232
|
|
|
CAD
|
10,210,000
|
2.90%, due 6/2/2049
|
5,360,532
|
|
|
CAD
|
21,240,000
|
2.65%, due 12/2/2050
|
10,492,501
|
|
|
CAD
|
11,910,000
|
1.90%, due 12/2/2051
|
4,909,875
|
|
|
CAD
|
8,340,000
|
4.15%, due 12/2/2054
|
5,342,217
|
|
|
CAD
|
14,685,000
|
4.60%, due 12/2/2055
|
10,149,971
|
|
|
$
|
665,000
|
Province of Quebec, 4.63%, due 6/3/2036
|
646,465
|
|
|
|
97,834
|
Provincia de Buenos Aires Government Bonds, 6.63%, due 9/1/2037
|
81,036
(j)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
|
|
Qatar Government International Bonds
|
|
|
|
$
|
7,825,000
|
4.88%, due 2/27/2035
|
$7,744,479
(d)
|
|
|
|
1,270,000
|
4.40%, due 4/16/2050
|
1,025,972
(d)
|
|
|
|
|
Region Wallonne Belgium
|
|
|
|
EUR
|
700,000
|
3.00%, due 12/6/2030
|
792,995
(j)
|
|
|
EUR
|
200,000
|
3.13%, due 6/22/2032
|
223,953
(j)
|
|
|
|
|
Republic of Ghana Government Bonds
|
|
|
|
GHS
|
8,261,083
|
8.65%, due 2/13/2029
|
650,706
|
|
|
GHS
|
3,250,000
|
9.40%, due 2/7/2034
|
201,353
|
|
|
|
|
Republic of Kenya Infrastructure Bonds
|
|
|
|
KES
|
575,000,000
|
12.50%, due 1/10/2033
|
4,564,024
|
|
|
KES
|
300,000,000
|
14.40%, due 2/20/2040
|
2,577,374
|
|
|
KES
|
460,000,000
|
12.97%, due 1/28/2041
|
3,638,961
|
|
|
|
|
Republic of Poland Government Bonds
|
|
|
|
PLN
|
3,026,000
|
4.75%, due 7/25/2029
|
812,579
|
|
|
PLN
|
5,058,000
|
4.50%, due 1/25/2031
|
1,323,199
|
|
|
PLN
|
14,657,000
|
6.00%, due 10/25/2033
|
4,043,229
|
|
|
PLN
|
12,235,000
|
5.00%, due 10/25/2034
|
3,147,993
|
|
|
|
|
Republic of Poland Government International Bonds
|
|
|
|
$
|
95,000
|
4.63%, due 3/18/2029
|
95,161
|
|
|
EUR
|
120,000
|
3.88%, due 10/22/2039
|
132,848
(j)
|
|
|
|
|
Republic of South Africa Government Bonds
|
|
|
|
ZAR
|
16,848,086
|
8.00%, due 1/31/2030
|
1,021,608
|
|
|
ZAR
|
26,204,993
|
8.25%, due 3/31/2032
|
1,584,329
|
|
|
ZAR
|
35,638,725
|
8.88%, due 2/28/2035
|
2,192,079
|
|
|
ZAR
|
9,479,631
|
8.50%, due 1/31/2037
|
558,122
|
|
|
ZAR
|
14,525,855
|
8.75%, due 1/31/2044
|
836,128
|
|
|
|
|
Republic of South Africa Government International Bonds
|
|
|
|
$
|
7,180,000
|
7.10%, due 11/19/2036
|
7,523,914
(d)
|
|
|
|
2,840,000
|
6.13%, due 12/11/2037
|
2,714,933
(d)
|
|
|
|
1,680,000
|
5.65%, due 9/27/2047
|
1,369,971
|
|
|
|
2,460,000
|
5.75%, due 9/30/2049
|
1,996,669
|
|
|
|
800,000
|
7.30%, due 4/20/2052
|
775,539
|
|
|
|
|
Republic of Uganda Government Bonds
|
|
|
|
UGX
|
9,338,800,000
|
14.25%, due 8/23/2029
|
2,594,271
|
|
|
UGX
|
1,000,000,000
|
15.50%, due 8/1/2030
|
284,904
|
|
|
UGX
|
9,167,900,000
|
16.25%, due 11/8/2035
|
2,556,869
|
|
|
UGX
|
7,264,700,000
|
15.80%, due 6/23/2039
|
1,945,435
|
|
|
|
|
Republic of Uzbekistan International Bonds
|
|
|
|
UZS
|
9,000,000,000
|
16.25%, due 10/12/2026
|
761,828
(j)
|
|
|
UZS
|
10,070,000,000
|
12.25%, due 4/13/2029
|
854,190
(j)
|
|
|
|
|
Romania Government Bonds
|
|
|
|
RON
|
7,860,000
|
4.85%, due 7/25/2029
|
1,646,031
|
|
|
RON
|
7,500,000
|
6.70%, due 2/25/2032
|
1,637,429
|
|
|
RON
|
18,715,000
|
8.25%, due 9/29/2032
|
4,395,801
|
|
|
RON
|
9,750,000
|
7.10%, due 7/31/2034
|
2,173,777
|
|
|
RON
|
395,000
|
4.75%, due 10/11/2034
|
75,644
|
|
|
|
|
Romania Government International Bonds
|
|
|
|
EUR
|
50,000
|
2.88%, due 5/26/2028
|
56,970
(j)
|
|
|
$
|
390,000
|
5.88%, due 1/30/2029
|
392,287
(j)
|
|
|
|
1,530,000
|
5.75%, due 9/16/2030
|
1,529,595
(d)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
$
|
428,000
|
5.75%, due 9/16/2030
|
$427,677
(j)
|
|
|
|
3,210,000
|
3.00%, due 2/14/2031
|
2,851,001
(j)
|
|
|
EUR
|
210,000
|
5.38%, due 3/22/2031
|
248,434
(j)
|
|
|
EUR
|
384,000
|
5.88%, due 7/11/2032
|
457,614
(j)
|
|
|
$
|
80,000
|
7.13%, due 1/17/2033
|
83,860
(j)
|
|
|
EUR
|
55,000
|
2.00%, due 4/14/2033
|
51,386
(j)
|
|
|
EUR
|
86,000
|
6.38%, due 9/18/2033
|
104,225
(j)
|
|
|
$
|
1,590,000
|
6.00%, due 5/25/2034
|
1,555,411
(d)
|
|
|
EUR
|
75,000
|
6.25%, due 9/10/2034
|
90,100
(j)
|
|
|
$
|
1,310,000
|
5.75%, due 3/24/2035
|
1,250,571
(d)
|
|
|
|
2,450,000
|
6.63%, due 5/16/2036
|
2,464,404
(d)
|
|
|
|
5,520,000
|
5.75%, due 7/4/2036
|
5,201,108
(d)
|
|
|
EUR
|
90,000
|
6.13%, due 10/7/2037
|
103,521
(j)
|
|
|
EUR
|
255,000
|
6.75%, due 7/11/2039
|
303,921
(j)
|
|
|
|
|
Saudi Government International Bonds
|
|
|
|
$
|
200,000
|
4.13%, due 1/12/2029
|
196,415
(d)
|
|
|
|
9,490,000
|
5.63%, due 1/13/2035
|
9,615,921
(d)
|
|
|
|
3,995,000
|
3.25%, due 11/17/2051
|
2,447,119
(d)
|
|
|
|
1,095,000
|
3.75%, due 1/21/2055
|
715,172
(d)
|
|
|
|
6,685,000
|
Serbia International Bonds, 6.00%, due 6/12/2034
|
6,689,937
(d)
|
|
|
EUR
|
100,000
|
SFIL SA, 3.00%, due 5/23/2031
|
112,857
(j)
|
|
|
|
|
Slovakia Government Bonds
|
|
|
|
EUR
|
275,000
|
3.63%, due 11/4/2037
|
306,612
(j)
|
|
|
EUR
|
123,000
|
3.75%, due 2/27/2040
|
135,963
(j)
|
|
|
EUR
|
101,000
|
4.13%, due 2/19/2046
|
112,105
(j)
|
|
|
EUR
|
148,000
|
Slovenia Government Bonds, 3.28%, due 3/12/2036
|
167,256
(j)
|
|
|
|
|
Spain Government Bonds
|
|
|
|
EUR
|
910,000
|
1.45%, due 10/31/2027
|
1,032,569
(j)
|
|
|
EUR
|
157,000
|
3.55%, due 10/31/2033
|
183,056
(j)
|
|
|
EUR
|
130,000
|
3.25%, due 4/30/2034
|
148,166
(j)
|
|
|
EUR
|
42,000
|
3.20%, due 10/31/2035
|
47,067
(j)
|
|
|
EUR
|
100,000
|
3.40%, due 10/31/2036
|
112,875
(j)
|
|
|
EUR
|
66,000
|
0.85%, due 7/30/2037
|
56,572
(j)
|
|
|
EUR
|
13,000
|
0.85%, due 7/30/2037
|
11,143
(j)
|
|
|
EUR
|
29,000
|
1.00%, due 7/30/2042
|
21,710
(j)
|
|
|
EUR
|
211,000
|
4.00%, due 10/31/2054
|
232,315
(j)
|
|
|
EUR
|
62,000
|
3.95%, due 10/31/2056
|
67,019
(j)
|
|
|
|
|
Spain Government Bonds, Inflation-Linked
|
|
|
|
EUR
|
185,610
|
1.00%, due 11/30/2030
|
214,861
(c)(j)
|
|
|
EUR
|
194,182
|
0.70%, due 11/30/2033
|
214,702
(c)(j)
|
|
|
|
|
Sri Lanka Government Bonds
|
|
|
|
LKR
|
800,000,000
|
9.50%, due 3/1/2030
|
2,255,274
|
|
|
LKR
|
800,000,000
|
11.00%, due 10/15/2030
|
2,337,673
|
|
|
LKR
|
1,670,000,000
|
10.75%, due 6/15/2034
|
4,621,664
|
|
|
LKR
|
360,000,000
|
11.50%, due 3/15/2035
|
1,029,676
|
|
|
LKR
|
70,000,000
|
10.75%, due 7/1/2037
|
184,777
|
|
|
|
|
Sri Lanka Government International Bonds
|
|
|
|
$
|
33,223
|
4.00%, due 4/15/2028
|
31,915
(d)
|
|
|
|
52,002
|
3.10%, due 1/15/2030
|
52,776
(d)(n)
|
|
|
|
196,125
|
3.10%, due 1/15/2030
|
199,042
(j)(n)
|
|
|
|
102,001
|
3.35%, due 3/15/2033
|
96,770
(d)(n)
|
|
|
Principal Amount(a)
|
Value
|
|||
|
Foreign Government Securities – cont'd
|
|
|||
|
$
|
100,000
|
3.35%, due 3/15/2033
|
$94,872
(j)(n)
|
|
|
|
68,874
|
3.60%, due 6/15/2035
|
56,593
(d)(n)
|
|
|
|
47,800
|
3.60%, due 5/15/2036
|
47,817
(d)(n)
|
|
|
|
95,641
|
3.60%, due 2/15/2038
|
96,215
(d)(n)
|
|
|
|
|
State of North Rhine-Westphalia
|
|
|
|
EUR
|
224,000
|
0.13%, due 6/4/2031
|
223,206
(j)
|
|
|
EUR
|
25,000
|
3.80%, due 1/14/2056
|
28,103
(j)
|
|
|
$
|
1,880,000
|
Trinidad & Tobago Government International Bonds, 6.20%, due 7/16/2038
|
1,837,700
(d)
|
|
|
TRY
|
319,976,846
|
Turkiye Government Bonds, 26.20%, due 10/5/2033
|
5,482,945
|
|
|
|
|
Turkiye Government International Bonds
|
|
|
|
$
|
200,000
|
9.38%, due 3/14/2029
|
215,201
|
|
|
|
1,395,000
|
7.13%, due 2/12/2032
|
1,401,820
|
|
|
|
2,750,000
|
5.75%, due 5/11/2047
|
2,132,712
|
|
|
|
|
Turkiye Ihracat Kredi Bankasi AS
|
|
|
|
|
200,000
|
9.00%, due 1/28/2027
|
203,276
(d)
|
|
|
|
200,000
|
6.13%, due 5/2/2029
|
197,009
(d)
|
|
|
|
259,000
|
6.38%, due 10/3/2030
|
252,042
(d)
|
|
|
|
200,000
|
6.38%, due 1/15/2031
|
193,781
(d)
|
|
|
|
|
Ukraine Government International Bonds
|
|
|
|
|
39,872
|
4.50%, due 2/1/2029
|
33,918
(j)(n)
|
|
|
|
104,581
|
0.00%, due 2/1/2030
|
76,433
(d)(n)
|
|
|
|
390,805
|
0.00%, due 2/1/2034
|
221,526
(d)(n)
|
|
|
|
20,347
|
0.00%, due 2/1/2034
|
11,515
(j)(n)
|
|
|
|
287,180
|
4.50%, due 2/1/2034
|
199,828
(d)(n)
|
|
|
|
34,888
|
4.50%, due 2/1/2034
|
24,240
(j)(n)
|
|
|
|
330,258
|
0.00%, due 2/1/2035
|
196,869
(d)(n)
|
|
|
|
17,194
|
0.00%, due 2/1/2035
|
10,232
(j)(n)
|
|
|
|
2,045,088
|
4.50%, due 2/1/2035
|
1,405,731
(d)(n)
|
|
|
|
24,920
|
4.50%, due 2/1/2035
|
17,102
(j)(n)
|
|
|
|
275,215
|
0.00%, due 2/1/2036
|
164,436
(d)(n)
|
|
|
|
14,329
|
0.00%, due 2/1/2036
|
8,546
(j)(n)
|
|
|
|
957,269
|
4.50%, due 2/1/2036
|
650,205
(d)(n)
|
|
|
GBP
|
137,657
|
United Kingdom Gilt, 4.00%, due 10/22/2063
|
136,165
(j)
|
|
|
$
|
3,500,000
|
Uruguay Government International Bonds, 5.10%, due 6/18/2050
|
3,088,750
|
|
|
|
|
Uzbekneftegaz JSC
|
|
|
|
|
400,000
|
4.75%, due 11/16/2028
|
384,723
(j)
|
|
|
|
200,000
|
8.75%, due 5/7/2030
|
213,016
(j)
|
|
|
|
12,875,000
|
Venezuela Government International Bonds, 7.75%, due 10/13/2019
|
5,909,229
(j)(r)
|
|
|
EUR
|
6,000,000
|
Xunta de Galicia, 3.30%, due 4/30/2031
|
6,938,663
(j)
|
|
|
ZMW
|
15,128,000
|
Zambia Government Bonds, 13.00%, due 1/25/2031
|
753,717
|
|
|
Total Foreign Government Securities (Cost $674,984,585)
|
665,609,863
|
|||
|
|
||||
|
Convertible Bonds 0.0%‡
|
||||
|
Real Estate 0.0%‡
|
|
|||
|
$
|
482,023
|
Country Garden Holdings Co. Ltd., 0.00%, due 12/31/2034 (Cost $11,333)
|
12,050
(j)
|
|
|
|
||||
|
Municipal Notes 0.5%
|
||||
|
California 0.1%
|
|
|||
|
|
1,025,324
|
Bay Area Toll Authority Toll Bridge Revenue (Build America Bonds), Series 2010-S1,
7.04%, due 4/1/2050
|
1,126,811
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
California – cont'd
|
|
|||
|
$
|
1,370,000
|
California State General Obligation (Build America Bonds), Series 2010, 7.63%, due
3/1/2040
|
$1,572,669
|
|
|
|
2,055,000
|
California State University Revenue Refunding, Series 2020-B, 2.98%, due 11/1/2051
|
1,317,541
|
|
|
|
2,120,000
|
Foothill-Eastern Transportation Corridor Agency Toll Road Revenue Refunding,
Series 2019-A, (AG), 3.92%, due 1/15/2053
|
1,571,806
|
|
|
|
1,105,000
|
Los Angeles Community College District General Obligation (Build America Bonds),
Series 2010, 6.75%, due 8/1/2049
|
1,162,761
|
|
|
|
1,260,000
|
Santa Clara Valley Water District Revenue Refunding, Series 2025-B, 5.38%, due
6/1/2043
|
1,227,442
|
|
|
|
1,710,000
|
University of California Regents Medical Center Pooled Revenue, Series 2020-N,
3.01%, due 5/15/2050
|
1,071,304
|
|
|
|
|
|
9,050,334
|
|
|
Hawaii 0.0%‡
|
|
|||
|
|
1,100,000
|
Hawaii General Obligation, Series 2021-GD, 2.83%, due 10/1/2039
|
840,102
|
|
|
Illinois 0.0%‡
|
|
|||
|
|
950,000
|
Illinois Housing Development Authority Revenue Refunding, Series 2026-F, (FHLMC),
(FNMA), (GNMA), 5.00%, due 4/1/2034
|
937,359
|
|
|
Massachusetts 0.0%‡
|
|
|||
|
|
1,060,000
|
Massachusetts State Education Financing Authority Revenue Refunding,
Series 2018-A, 4.08%, due 7/1/2027
|
1,055,930
|
|
|
Michigan 0.0%‡
|
|
|||
|
|
1,770,000
|
Michigan Finance Authority Hospital Revenue Refunding (Trinity Health Credit
Group), Series 2019-T, 3.38%, due 12/1/2040
|
1,442,729
|
|
|
Nevada 0.0%‡
|
|
|||
|
|
2,055,000
|
Clark County Nevada General Obligation (Las Vegas Convention & Visitors Authority),
Series 2019-D, 3.23%, due 7/1/2044
|
1,512,638
|
|
|
New Jersey 0.0%‡
|
|
|||
|
|
695,000
|
Atlantic City General Obligation Refunding, Series 2018-A, (ST AID WITHHLDG),
4.29%, due 9/1/2026
|
694,935
|
|
|
|
545,000
|
New Jersey State Housing & Mortgage Finance Agency Revenue Refunding (Single
Family Housing), Series 2018-B, 3.80%, due 10/1/2032
|
528,409
|
|
|
|
700,000
|
New Jersey Turnpike Authority Revenue (Build America Bonds), Series 2010-A,
7.10%, due 1/1/2041
|
780,980
|
|
|
|
|
|
2,004,324
|
|
|
New York 0.1%
|
|
|||
|
|
2,000,000
|
New York General Obligation, Series 2025-E-1, 5.56%, due 10/1/2045
|
1,919,468
|
|
|
|
2,740,000
|
New York State Dormitory Authority Revenue Non State Supported Debt Refunding
(New York University), Series 2020-B, 2.69%, due 7/1/2040
|
2,050,920
|
|
|
|
|
|
3,970,388
|
|
|
Ohio 0.1%
|
|
|||
|
|
2,055,000
|
Highland Local School District General Obligation Refunding, Series 2020, 3.19%,
due 12/1/2049
|
1,418,232
|
|
|
|
|
JobsOhio Beverage System Revenue Refunding
|
|
|
|
|
2,020,000
|
Series 2020-A, 2.83%, due 1/1/2038
|
1,663,398
|
|
|
|
35,000
|
Series 2020-A, 2.83%, due 1/1/2038
|
28,574
|
|
|
|
2,230,000
|
Ohio State Turnpike Commission Junior Lien Revenue Refunding (Infrastructure
Project), Series 2020-A, 3.22%, due 2/15/2048
|
1,560,200
|
|
|
Principal Amount(a)
|
Value
|
|||
|
|
||||
|
Ohio – cont'd
|
|
|||
|
$
|
2,055,000
|
Ohio University General Receipt Athens Revenue Refunding, Series 2020, 2.91%,
due 12/1/2043
|
$1,467,204
|
|
|
|
|
|
6,137,608
|
|
|
Pennsylvania 0.1%
|
|
|||
|
|
2,055,000
|
Commonwealth Financing Authority Revenue Refunding, Series 2020-C, 3.53%, due
6/1/2042
|
1,661,568
|
|
|
|
750,000
|
Pennsylvania Turnpike Commission Revenue Refunding (Motor License Fund),
Series 2020, 3.25%, due 12/1/2043
|
566,485
|
|
|
|
600,000
|
Redevelopment Authority of the City of Philadelphia Revenue, Series 2026-A, 5.57%,
due 11/1/2045
|
575,975
|
|
|
|
|
|
2,804,028
|
|
|
Texas 0.1%
|
|
|||
|
|
2,125,000
|
Central Texas Turnpike System First Tier Revenue Refunding, Series 2020-C, 3.03%,
due 8/15/2041
|
1,622,198
|
|
|
|
1,710,000
|
Dallas Area Rapid Transit Sales Tax Revenue Refunding, Series 2020-C, 2.82%, due
12/1/2042
|
1,255,105
|
|
|
|
2,055,000
|
Grand Parkway Transportation Corp. System Subordinated Tier Toll Revenue
Refunding, Series 2020-B, 3.24%, due 10/1/2052
|
1,339,205
|
|
|
|
2,000,000
|
San Antonio Electric & Gas Systems Revenue Refunding, Series 2025-A, 5.57%, due
2/1/2050
|
1,908,228
|
|
|
|
1,500,000
|
Texas General Obligation, Series 2025-F, 5.49%, due 2/1/2056
|
1,475,354
|
|
|
|
1,410,000
|
Texas State Private Activity Bond Surface Transportation Corp. Senior Lien Revenue
Refunding (North Tarrant Express Managed Lanes Project), Series 2019-B, 3.92%,
due 12/31/2049
|
1,083,358
|
|
|
|
|
|
8,683,448
|
|
|
Utah 0.0%‡
|
|
|||
|
|
2,055,000
|
Utah State Transit Authority Sales Tax Revenue Refunding, Series 2020, 2.77%, due
12/15/2038
|
1,597,397
|
|
|
Total Municipal Notes (Cost $51,077,240)
|
40,036,285
|
|||
|
Number of Shares
|
|
|||
|
|
||||
|
Closed-End Funds 0.0%‡
|
||||
|
Investment Companies 0.0%‡
|
|
|||
|
|
48,204
|
Neuberger Berman Global Monthly Income Fund Ltd. (Cost $163,714)
|
4,976
#(p)(s)
|
|
|
Exchange-Traded Funds 3.5%
|
|
|||
|
|
194,030
|
iShares Broad USD High Yield Corporate Bond ETF
|
7,136,423
|
|
|
|
195,792
|
iShares iBoxx USD High Yield Corporate Bond ETF
|
15,561,548
|
|
|
|
374,019
|
iShares iBoxx USD Investment Grade Corporate Bond ETF
|
39,739,519
|
|
|
|
284,986
|
iShares JP Morgan USD Emerging Markets Bond ETF
|
26,976,775
|
|
|
|
189,000
|
Neuberger Flexible Credit Income ETF
|
9,473,436
(s)
|
|
|
|
1,408,040
|
State Street SPDR Bloomberg Short Term High Yield Bond ETF
|
34,989,794
|
|
|
|
1,966,259
|
State Street SPDR Portfolio High Yield Bond ETF
|
45,754,847
|
|
|
|
4,155,557
|
VanEck J. P. Morgan EM Local Currency Bond ETF
|
105,842,037
|
|
|
Total Exchange-Traded Funds (Cost $285,742,827)
|
285,474,379
|
|||
|
Number of Shares
|
Value
|
|||
|
|
||||
|
Preferred Stocks 0.0%‡
|
||||
|
Oil, Gas & Consumable Fuels 0.0%‡
|
|
|||
|
|
42,000
|
Genesis Energy, LP Class A(t)(Cost$1,497,300)
|
$1,438,500
*(p)(u)
|
|
|
|
||||
|
Short-Term Investments 2.0%
|
||||
|
Investment Companies 2.0%
|
|
|||
|
|
162,351,212
|
State Street Institutional U.S. Government Money Market Fund Premier Class,
3.68%(v) (Cost $162,351,212)
|
162,351,212
|
|
|
Total Investments 112.4% (Cost $9,355,160,445)
|
9,213,209,306
|
|||
|
Liabilities Less Other Assets (12.4)%
|
(1,019,855,252
)(w)
|
|||
|
Net Assets 100.0%
|
$8,193,354,054
|
|||
|
‡
|
Represents less than 0.05% of net assets of the Fund.
|
|
*
|
Non-income producing security.
|
|
(a)
|
Principal amount is stated in the currency in which the security is denominated.
|
|
(b)
|
Rate shown was the discount rate at the date of purchase.
|
|
(c)
|
Index-linked bond whose principal amount adjusts according to a government retail
price index.
|
|
(d)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted
from
registration, may only be sold to qualified institutional investors or may have other
restrictions on resale.
At July 31, 2026, these securities amounted to $3,332,612,413, which represents 40.7%
of net assets
of the Fund.
|
|
(e)
|
Variable or floating rate security where the stated interest rate is not based on
a published reference
rate and spread. Rather, the interest rate adjusts periodically based on changes in
current interest rates
and prepayments on the underlying pool of assets. The interest rate shown was the
current rate as of
July 31, 2026.
|
|
(f)
|
Variable or floating rate security. The interest rate shown was the current rate as
of July 31, 2026 and
changes periodically.
|
|
(g)
|
Interest only security. These securities represent the right to receive the monthly
interest payments on
an underlying pool of mortgages. Payments of principal on the pool reduce the value
of the "interest
only" holding.
|
|
(h)
|
TBA (To Be Announced) Securities are purchased/sold on a forward commitment basis
with an
approximate principal amount and no defined maturity date. The actual principal amount
and maturity
date will be determined upon settlement when the specific mortgage pools are assigned.
Total value of
all such securities (excluding forward sales contracts, if any) at July 31, 2026 amounted
to
$1,242,741,034, which represents 15.2% of net assets of the Fund.
|
|
(i)
|
When-issued security. Total value of all such securities at July 31, 2026 amounted
to $8,395,263, which
represents 0.1% of net assets of the Fund.
|
|
(j)
|
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 directed selling efforts in the United States and as such may have
restrictions on resale.
Total value of all such securities at July 31, 2026 amounted to $658,097,011, which
represents 8.0% of
net assets of the Fund.
|
|
(k)
|
Security issued at a fixed coupon rate, which converts to a variable rate at a future
date. Rate shown is
the rate in effect as of period end.
|
|
(l)
|
Perpetual security. Perpetual securities have no stated maturity date, but they may
be called/redeemed
by the issuer. The date shown reflects the next call date.
|
|
(m)
|
Payment-in-kind (PIK) security.
|
|
(n)
|
Step Bond. Coupon 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
was the current
rate as of July 31, 2026.
|
|
(o)
|
All or a portion of this security was purchased on a delayed delivery basis.
|
|
(p)
|
Value determined using significant unobservable inputs.
|
|
(q)
|
All or a portion of this security had not settled as of July 31, 2026 and thus may
not have an interest
rate in effect. Interest rates do not take effect until settlement.
|
|
(r)
|
Defaulted security.
|
|
(s)
|
Affiliated company as defined under the Investment Company Act of 1940, as amended (See Note §
below).
|
|
(t)
|
Security represented in Units.
|
|
(u)
|
Security fair valued as of July 31, 2026 in accordance with procedures approved by
the valuation
designee. Total value of all such securities at July 31, 2026 amounted to $1,438,500,
which represents
0.0% of net assets of the Fund.
|
|
(v)
|
Represents 7-day effective yield as of July 31, 2026.
|
|
(w)
|
Includes the impact of the Fund’s open positions in derivatives at July 31, 2026.
|
|
Restricted Security
|
Acquisition
Date(s)
|
Acquisition
Cost
|
Value as of
7/31/2026
|
Fair Value
Percentage
of Net Assets
as of
7/31/2026
|
|
Neuberger Berman Global Monthly Income Fund Ltd.
|
4/27/2021-6/24/2021
|
$163,714
|
$4,976
|
0.0%
|
|
POSITIONS BY COUNTRY
|
||
|
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
|
United States
|
$6,887,026,972
|
84.1%
|
|
Canada
|
267,771,296
|
3.3%
|
|
Cayman Islands
|
262,482,817
|
3.2%
|
|
France
|
200,115,547
|
2.4%
|
|
United Kingdom
|
167,442,243
|
2.0%
|
|
Germany
|
97,807,234
|
1.2%
|
|
Mexico
|
93,597,585
|
1.1%
|
|
Spain
|
80,102,265
|
1.0%
|
|
Ireland
|
60,282,715
|
0.7%
|
|
Netherlands
|
51,662,186
|
0.6%
|
|
Brazil
|
46,414,203
|
0.6%
|
|
Italy
|
44,877,868
|
0.5%
|
|
Luxembourg
|
39,986,610
|
0.5%
|
|
Saudi Arabia
|
38,158,758
|
0.5%
|
|
United Arab Emirates
|
36,454,236
|
0.4%
|
|
Cote D'Ivoire
|
33,342,319
|
0.4%
|
|
Jersey
|
31,452,529
|
0.4%
|
|
Switzerland
|
30,279,867
|
0.4%
|
|
Egypt
|
28,185,531
|
0.3%
|
|
Morocco
|
28,183,535
|
0.3%
|
|
Argentina
|
27,166,479
|
0.3%
|
|
Romania
|
27,100,767
|
0.3%
|
|
Dominican Republic
|
25,639,823
|
0.3%
|
|
Chile
|
23,226,015
|
0.3%
|
|
South Africa
|
21,219,969
|
0.3%
|
|
Qatar
|
18,754,787
|
0.2%
|
|
Costa Rica
|
17,152,544
|
0.2%
|
|
Sweden
|
16,691,853
|
0.2%
|
|
Australia
|
14,915,234
|
0.2%
|
|
Belgium
|
14,008,729
|
0.2%
|
|
Nigeria
|
13,572,757
|
0.2%
|
|
Colombia
|
13,411,510
|
0.2%
|
|
Turkey
|
13,386,404
|
0.2%
|
|
Israel
|
13,306,272
|
0.2%
|
|
Panama
|
13,119,927
|
0.2%
|
|
Bermuda
|
12,983,601
|
0.2%
|
|
Kazakhstan
|
12,374,317
|
0.2%
|
|
Portugal
|
11,728,614
|
0.1%
|
|
Sri Lanka
|
11,105,064
|
0.1%
|
|
Peru
|
11,089,462
|
0.1%
|
|
Poland
|
10,819,245
|
0.1%
|
|
Kenya
|
10,780,359
|
0.1%
|
|
Japan
|
10,756,638
|
0.1%
|
|
Oman
|
10,154,062
|
0.1%
|
|
Angola
|
10,089,241
|
0.1%
|
|
Finland
|
9,594,774
|
0.1%
|
|
Ecuador
|
8,557,395
|
0.1%
|
|
POSITIONS BY COUNTRY (cont’d)
|
||
|
Country
|
Investments at
Value
|
Percentage of
Net Assets
|
|
Ghana
|
$7,954,675
|
0.1%
|
|
Czech Republic
|
7,415,915
|
0.1%
|
|
Hungary
|
7,388,733
|
0.1%
|
|
Uganda
|
7,381,479
|
0.1%
|
|
Denmark
|
7,217,697
|
0.1%
|
|
Bahrain
|
6,928,422
|
0.1%
|
|
Serbia
|
6,689,937
|
0.1%
|
|
Republic of Cameroon
|
6,596,435
|
0.1%
|
|
Guatemala
|
6,237,935
|
0.1%
|
|
Venezuela
|
5,909,229
|
0.1%
|
|
Slovenia
|
5,175,611
|
0.1%
|
|
Ukraine
|
5,118,100
|
0.1%
|
|
Paraguay
|
4,358,044
|
0.1%
|
|
Austria
|
4,327,670
|
0.1%
|
|
Indonesia
|
4,108,258
|
0.1%
|
|
Kuwait
|
4,017,860
|
0.1%
|
|
Other countries, each representing less than 0.05% of net assets of the
Fund
|
25,699,936
|
0.0%
|
|
Short-Term Investments and Other Liabilities—Net
|
(857,504,040)
|
(10.4)%
|
|
|
$8,193,354,054
|
100.0%
|
|
Long Futures:
|
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
9/2026
|
2,287
|
Canadian Bond, 5 Year
|
$182,588,037
|
$(1,418,572
)
|
|
9/2026
|
32
|
Euro-Bobl
|
4,200,786
|
(43,134
)
|
|
9/2026
|
1,249
|
Euro-BTP
|
167,389,822
|
(2,874,419
)
|
|
9/2026
|
46
|
Euro-Bund
|
6,596,663
|
(48,647
)
|
|
9/2026
|
8
|
Euro-Buxl
|
976,211
|
(31,015
)
|
|
9/2026
|
319
|
Euro-Schatz
|
38,792,127
|
4,377
|
|
9/2026
|
95
|
Long Gilt
|
11,073,861
|
(97,607
)
|
|
9/2026
|
25
|
Short Euro-BTP
|
3,065,793
|
(15,541
)
|
|
9/2026
|
38
|
U.S. Treasury Long Bond
|
4,115,875
|
(48,786
)
|
|
9/2026
|
1,026
|
U.S. Treasury Note, 10 Year
|
110,808,000
|
(781,581
)
|
|
9/2026
|
5,425
|
U.S. Treasury Note, 2 Year
|
1,115,430,865
|
(2,777,292
)
|
|
9/2026
|
16,225
|
U.S. Treasury Note, 5 Year
|
1,719,469,735
|
(15,167,180
)
|
|
9/2026
|
116
|
U.S. Treasury Note, Ultra 10 Year
|
12,725,562
|
(203,720
)
|
|
3/2027
|
3,504
|
SOFR, 3 Months
|
840,259,200
|
(5,075,585
)
|
|
Total Long Positions
|
$4,217,492,537
|
$(28,578,702
)
|
||
|
Short Futures:
|
|
Expiration
Date
|
Number of
Contracts
|
Open Contracts
|
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
9/2026
|
151
|
Euro-Bobl
|
$(19,822,461
)
|
$166,797
|
|
9/2026
|
15
|
Euro-Bund
|
(2,151,086
)
|
33,095
|
|
9/2026
|
102
|
Long Gilt
|
(11,889,829
)
|
106,218
|
|
9/2026
|
525
|
U.S. Treasury Long Bond
|
(56,864,063
)
|
508,847
|
|
9/2026
|
35
|
U.S. Treasury Note, 10 Year
|
(3,780,000
)
|
19,379
|
|
9/2026
|
1,915
|
U.S. Treasury Note, Ultra 10 Year
|
(210,081,484
)
|
2,071,922
|
|
9/2026
|
4,366
|
U.S. Treasury Ultra Bond
|
(478,895,625
)
|
18,982,842
|
|
Total Short Positions
|
$(783,484,548
)
|
$21,889,100
|
||
|
Total Futures
|
|
$(6,689,602
)
|
||
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement
Date
|
Net
Unrealized
Appreciation/
(Depreciation)
|
||
|
BRL
|
10,597,854
|
USD
|
2,066,396
|
CITI
|
8/28/2026
|
$11,264
|
|
BRL
|
1,838,541
|
USD
|
349,802
|
CITI
|
8/28/2026
|
10,635
|
|
BRL
|
3,486,555
|
USD
|
679,134
|
CITI
|
8/28/2026
|
4,389
|
|
BRL
|
1,718,750
|
USD
|
332,242
|
GSI
|
8/28/2026
|
4,711
|
|
BRL
|
1,775,922
|
USD
|
341,243
|
JPM
|
8/28/2026
|
6,918
|
|
BRL
|
20,010,000
|
USD
|
3,780,593
|
CITI
|
10/15/2026
|
103,323
|
|
CLP
|
370,314,969
|
USD
|
398,145
|
JPM
|
9/16/2026
|
277
|
|
COP
|
4,273,890,902
|
USD
|
1,165,886
|
CITI
|
9/16/2026
|
175,392
|
|
CZK
|
1,108,439
|
EUR
|
45,607
|
JPM
|
9/16/2026
|
114
|
|
DKK
|
6,278,370
|
USD
|
965,576
|
GSI
|
10/15/2026
|
6,584
|
|
EUR
|
1,506,730
|
HUF
|
539,652,552
|
JPM
|
10/1/2026
|
40,066
|
|
EUR
|
278,375
|
HUF
|
99,928,721
|
JPM
|
10/1/2026
|
6,691
|
|
EUR
|
244,827
|
HUF
|
87,630,494
|
JPM
|
10/1/2026
|
6,691
|
|
EUR
|
226,307
|
HUF
|
81,830,010
|
JPM
|
10/1/2026
|
3,573
|
|
EUR
|
1,517,423
|
USD
|
1,743,307
|
SCB
|
8/4/2026
|
6,509
|
|
EUR
|
3,854,308
|
USD
|
4,390,421
|
CITI
|
8/5/2026
|
54,348
|
|
EUR
|
1,487,186
|
USD
|
1,696,661
|
CITI
|
8/5/2026
|
18,355
|
|
EUR
|
436,720
|
USD
|
501,261
|
CITI
|
8/5/2026
|
2,362
|
|
EUR
|
435,972
|
USD
|
498,809
|
GSI
|
8/5/2026
|
3,951
|
|
EUR
|
630,394
|
USD
|
722,569
|
JPM
|
8/5/2026
|
4,399
|
|
EUR
|
186,416
|
USD
|
212,802
|
JPM
|
8/5/2026
|
2,172
|
|
EUR
|
186,457
|
USD
|
213,374
|
JPM
|
8/5/2026
|
1,647
|
|
EUR
|
126,400
|
USD
|
144,359
|
JPM
|
8/5/2026
|
1,405
|
|
EUR
|
250,698
|
USD
|
289,044
|
GSI
|
9/3/2026
|
393
|
|
EUR
|
188,478
|
USD
|
215,128
|
JPM
|
9/3/2026
|
2,474
|
|
EUR
|
7,403,437
|
USD
|
8,501,011
|
GSI
|
10/15/2026
|
60,534
|
|
EUR
|
2,645,517
|
USD
|
3,037,712
|
GSI
|
10/15/2026
|
21,639
|
|
EUR
|
1,212,535
|
USD
|
1,392,296
|
GSI
|
10/15/2026
|
9,914
|
|
GBP
|
2,065,395
|
USD
|
2,761,567
|
GSI
|
10/15/2026
|
22,059
|
|
GBP
|
720,245
|
USD
|
965,089
|
GSI
|
10/15/2026
|
5,618
|
|
USD
|
8,336,818
|
HUF
|
2,592,066,385
|
JPM
|
10/15/2026
|
168,473
|
|
INR
|
103,225,590
|
USD
|
1,073,105
|
CITI
|
10/14/2026
|
1,837
|
|
INR
|
171,884,665
|
USD
|
1,781,511
|
JPM
|
10/30/2026
|
5,634
|
|
JPY
|
6,602,980
|
USD
|
41,106
|
DB
|
10/15/2026
|
632
|
|
KRW
|
1,106,199,909
|
USD
|
712,806
|
GSI
|
8/3/2026
|
63,094
|
|
KRW
|
2,308,178,516
|
USD
|
1,601,678
|
MS
|
8/3/2026
|
17,301
|
|
KRW
|
1,201,978,607
|
USD
|
778,161
|
SCB
|
8/3/2026
|
64,919
|
|
KRW
|
645,745,436
|
USD
|
431,929
|
CITI
|
8/18/2026
|
15,449
|
|
KRW
|
968,525,521
|
USD
|
648,576
|
SCB
|
8/18/2026
|
22,426
|
|
KRW
|
365,572,241
|
USD
|
246,349
|
SCB
|
8/18/2026
|
6,922
|
|
KRW
|
2,308,178,516
|
USD
|
1,573,354
|
MS
|
8/27/2026
|
26,141
|
|
KRW
|
385,737,538
|
USD
|
263,039
|
GSI
|
9/16/2026
|
4,382
|
|
KRW
|
18,450,000,000
|
USD
|
12,071,210
|
GSI
|
10/15/2026
|
727,428
|
|
USD
|
1,102,886
|
KRW
|
1,578,714,514
|
SCB
|
8/18/2026
|
9,139
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement
Date
|
Net
Unrealized
Appreciation/
(Depreciation)
|
||
|
KZT
|
744,296,355
|
USD
|
1,450,729
|
JPM
|
11/10/2026
|
$66,414
|
|
MAD
|
9,956,589
|
USD
|
1,054,511
|
BNP
|
10/9/2026
|
16,792
|
|
MAD
|
3,675,081
|
USD
|
388,823
|
BNP
|
10/9/2026
|
6,606
|
|
MAD
|
40,017,657
|
USD
|
4,299,380
|
CITI
|
10/9/2026
|
6,416
|
|
MXN
|
141,546
|
USD
|
7,981
|
GSI
|
11/12/2026
|
125
|
|
NGN
|
1,207,910,800
|
USD
|
857,587
|
DB
|
9/30/2026
|
7,792
|
|
NGN
|
681,024,956
|
USD
|
481,405
|
SCB
|
9/30/2026
|
6,499
|
|
NZD
|
10,990,000
|
USD
|
6,273,932
|
JPM
|
10/15/2026
|
213,203
|
|
PKR
|
267,518,105
|
USD
|
952,361
|
CITI
|
9/30/2026
|
668
|
|
PLN
|
5,741,307
|
EUR
|
1,316,489
|
CITI
|
11/12/2026
|
12,869
|
|
PLN
|
5,741,307
|
EUR
|
1,317,830
|
GSI
|
11/12/2026
|
11,316
|
|
PLN
|
671,707
|
EUR
|
155,182
|
JPM
|
11/12/2026
|
164
|
|
RON
|
2,739,914
|
EUR
|
520,867
|
CITI
|
8/11/2026
|
887
|
|
RON
|
12,025,300
|
EUR
|
2,272,827
|
JPM
|
8/11/2026
|
19,145
|
|
THB
|
24,722
|
USD
|
743
|
GSI
|
9/16/2026
|
—
|
|
USD
|
644,654
|
THB
|
21,448,146
|
CITI
|
9/16/2026
|
168
|
|
USD
|
868,505
|
THB
|
28,435,717
|
HSBC
|
9/16/2026
|
14,053
|
|
USD
|
868,195
|
THB
|
28,435,717
|
HSBC
|
9/16/2026
|
13,742
|
|
TRY
|
94,355,446
|
USD
|
1,764,808
|
BCB
|
11/9/2026
|
65,016
|
|
TRY
|
15,820,501
|
USD
|
295,315
|
BCB
|
11/9/2026
|
11,490
|
|
UAH
|
52,761,282
|
USD
|
1,124,495
|
DB
|
12/9/2026
|
16,403
|
|
UAH
|
15,229,736
|
USD
|
322,938
|
DB
|
12/9/2026
|
6,387
|
|
USD
|
81,064
|
UZS
|
982,904,986
|
DB
|
10/26/2026
|
2,171
|
|
USD
|
849,015
|
UZS
|
10,311,282,964
|
JPM
|
10/26/2026
|
21,378
|
|
USD
|
438,407
|
UZS
|
5,388,022,287
|
GSI
|
2/12/2027
|
5,937
|
|
USD
|
601,025
|
UZS
|
7,392,603,433
|
GSI
|
2/16/2027
|
7,656
|
|
UZS
|
24,572,866,815
|
USD
|
1,918,257
|
CITI
|
10/26/2026
|
54,088
|
|
UZS
|
2,089,774,923
|
USD
|
164,097
|
DB
|
10/26/2026
|
3,639
|
|
UZS
|
5,388,022,287
|
USD
|
420,348
|
CITI
|
2/12/2027
|
12,122
|
|
UZS
|
5,388,022,288
|
USD
|
421,763
|
GSI
|
2/16/2027
|
10,707
|
|
VND
|
226,119,632,910
|
USD
|
8,469,403
|
CITI
|
9/16/2026
|
104,071
|
|
VND
|
66,585,637,578
|
USD
|
2,503,219
|
GSI
|
9/16/2026
|
21,418
|
|
VND
|
4,461,009,882
|
USD
|
168,499
|
SCB
|
9/16/2026
|
643
|
|
USD
|
148,651
|
ZAR
|
2,448,199
|
MS
|
9/16/2026
|
962
|
|
USD
|
5,951,942
|
ZAR
|
97,476,189
|
CITI
|
10/15/2026
|
84,944
|
|
Total unrealized appreciation
|
|
$2,558,075
|
||||
|
ARS
|
190,203,648
|
USD
|
119,776
|
CITI
|
11/30/2026
|
(970
)
|
|
ARS
|
1,056,642,498
|
USD
|
662,887
|
CITI
|
11/30/2026
|
(2,882
)
|
|
USD
|
1,554,133
|
BRL
|
8,010,000
|
GSI
|
10/15/2026
|
(598
)
|
|
USD
|
189,779,401
|
CAD
|
268,588,485
|
CITI
|
10/15/2026
|
(2,427,801
)
|
|
CLP
|
128,729,342
|
USD
|
138,774
|
CITI
|
9/16/2026
|
(274
)
|
|
CLP
|
2,491,121,496
|
USD
|
2,766,226
|
CITI
|
9/16/2026
|
(86,025
)
|
|
CLP
|
7,017,000,000
|
USD
|
7,599,255
|
CITI
|
10/15/2026
|
(47,462
)
|
|
USD
|
2,179,681
|
COP
|
7,621,473,647
|
GSI
|
9/16/2026
|
(212,171
)
|
|
USD
|
173,444
|
COP
|
568,029,444
|
MS
|
9/16/2026
|
(4,821
)
|
|
EGP
|
47,000,000
|
USD
|
909,135
|
CITI
|
12/17/2026
|
(38,788
)
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement
Date
|
Net
Unrealized
Appreciation/
(Depreciation)
|
||
|
EUR
|
1,250,952
|
CZK
|
30,463,076
|
CITI
|
9/16/2026
|
$(5,985
)
|
|
EUR
|
1,251,686
|
CZK
|
30,463,077
|
JPM
|
9/16/2026
|
(5,138
)
|
|
USD
|
1,733,093
|
EUR
|
1,517,423
|
SCB
|
8/4/2026
|
(16,723
)
|
|
USD
|
6,138,042
|
EUR
|
5,383,812
|
BCB
|
8/5/2026
|
(70,544
)
|
|
USD
|
179,278
|
EUR
|
156,585
|
CITI
|
8/5/2026
|
(1,295
)
|
|
USD
|
284,892
|
EUR
|
249,445
|
CITI
|
8/5/2026
|
(2,767
)
|
|
USD
|
570,313
|
EUR
|
501,204
|
CITI
|
8/5/2026
|
(7,673
)
|
|
USD
|
269,498
|
EUR
|
236,162
|
JPM
|
8/5/2026
|
(2,842
)
|
|
USD
|
359,735
|
EUR
|
315,442
|
JPM
|
8/5/2026
|
(4,031
)
|
|
USD
|
571,164
|
EUR
|
501,203
|
JPM
|
8/5/2026
|
(6,821
)
|
|
USD
|
1,745,311
|
EUR
|
1,517,423
|
SCB
|
9/2/2026
|
(6,518
)
|
|
USD
|
4,395,838
|
EUR
|
3,854,308
|
CITI
|
9/3/2026
|
(54,045
)
|
|
USD
|
5,795,785
|
EUR
|
5,050,407
|
DB
|
10/15/2026
|
(44,650
)
|
|
USD
|
27,717,004
|
EUR
|
24,135,583
|
DB
|
10/15/2026
|
(194,071
)
|
|
USD
|
402,046,734
|
EUR
|
350,202,723
|
GSI
|
10/15/2026
|
(2,937,665
)
|
|
USD
|
58,307,680
|
EUR
|
50,773,095
|
JPM
|
10/15/2026
|
(407,772
)
|
|
USD
|
12,173,874
|
GBP
|
9,100,393
|
CITI
|
10/15/2026
|
(91,138
)
|
|
USD
|
18,328,068
|
GBP
|
13,701,371
|
CITI
|
10/15/2026
|
(137,891
)
|
|
USD
|
33,952,103
|
GBP
|
25,344,260
|
DB
|
10/15/2026
|
(205,505
)
|
|
HUF
|
271,632,290
|
EUR
|
748,456
|
CITI
|
10/1/2026
|
(8,665
)
|
|
HUF
|
380,678,944
|
EUR
|
1,061,529
|
CITI
|
10/1/2026
|
(26,712
)
|
|
HUF
|
62,961,059
|
EUR
|
172,681
|
GSI
|
10/1/2026
|
(1,081
)
|
|
HUF
|
171,457,791
|
EUR
|
472,549
|
GSI
|
10/1/2026
|
(5,601
)
|
|
HUF
|
171,457,791
|
EUR
|
473,065
|
GSI
|
10/1/2026
|
(6,197
)
|
|
HUF
|
564,526,297
|
EUR
|
1,552,025
|
GSI
|
10/1/2026
|
(13,995
)
|
|
HUF
|
183,426,279
|
EUR
|
503,113
|
JPM
|
10/1/2026
|
(3,192
)
|
|
IDR
|
32,032,815,100
|
USD
|
1,783,034
|
CITI
|
9/16/2026
|
(13,504
)
|
|
IDR
|
17,940,574,916
|
USD
|
995,079
|
SCB
|
9/16/2026
|
(4,020
)
|
|
USD
|
2,739,484
|
IDR
|
50,130,371,892
|
HSBC
|
9/16/2026
|
(29,777
)
|
|
INR
|
171,884,665
|
USD
|
1,804,222
|
MS
|
8/6/2026
|
(2,874
)
|
|
USD
|
1,796,391
|
INR
|
171,884,665
|
JPM
|
8/6/2026
|
(4,957
)
|
|
USD
|
75,238,811
|
JPY
|
12,083,966,269
|
JPM
|
10/15/2026
|
(1,144,897
)
|
|
USD
|
767,608
|
KRW
|
1,106,199,909
|
GSI
|
8/3/2026
|
(8,291
)
|
|
USD
|
1,572,995
|
KRW
|
2,308,178,516
|
MS
|
8/3/2026
|
(45,984
)
|
|
USD
|
834,070
|
KRW
|
1,201,978,607
|
SCB
|
8/3/2026
|
(9,009
)
|
|
USD
|
358,570
|
KRW
|
518,958,083
|
HSBC
|
8/18/2026
|
(969
)
|
|
USD
|
4,082,554
|
KRW
|
6,150,000,000
|
CITI
|
10/15/2026
|
(183,659
)
|
|
USD
|
4,158,918
|
KRW
|
6,150,000,000
|
GSI
|
10/15/2026
|
(107,295
)
|
|
USD
|
4,130,982
|
KRW
|
6,150,000,000
|
GSI
|
10/15/2026
|
(135,230
)
|
|
KZT
|
203,638,520
|
USD
|
415,589
|
CITI
|
11/10/2026
|
(501
)
|
|
USD
|
228,845
|
KZT
|
117,022,065
|
CITI
|
11/10/2026
|
(9,688
)
|
|
USD
|
615,489
|
KZT
|
308,821,377
|
GSI
|
11/10/2026
|
(14,000
)
|
|
USD
|
563,379
|
KZT
|
285,633,127
|
GSI
|
11/10/2026
|
(18,844
)
|
|
USD
|
755,867
|
KZT
|
379,256,052
|
JPM
|
11/10/2026
|
(17,193
)
|
|
LKR
|
146,502,587
|
USD
|
437,452
|
JPM
|
8/10/2026
|
(1,189
)
|
|
LKR
|
304,000,000
|
USD
|
911,271
|
JPM
|
8/10/2026
|
(6,005
)
|
|
Currency Purchased
|
Currency Sold
|
Counterparty
|
Settlement
Date
|
Net
Unrealized
Appreciation/
(Depreciation)
|
||
|
MNT
|
8,800,000,000
|
USD
|
2,371,968
|
JPM
|
12/11/2026
|
$(52,356
)
|
|
MNT
|
3,230,366,397
|
USD
|
881,891
|
CITI
|
12/22/2026
|
(7,283
)
|
|
USD
|
6,094,800
|
MXN
|
107,194,219
|
GSI
|
10/15/2026
|
(57,443
)
|
|
USD
|
3,742,818
|
MXN
|
65,600,000
|
TD
|
10/15/2026
|
(22,190
)
|
|
USD
|
380,517
|
NGN
|
535,768,546
|
JPM
|
9/30/2026
|
(3,321
)
|
|
USD
|
1,262,272
|
NGN
|
1,800,000,000
|
SCB
|
9/30/2026
|
(27,295
)
|
|
USD
|
219,845
|
PEN
|
750,331
|
CITI
|
9/9/2026
|
(644
)
|
|
USD
|
1,789,349
|
SGD
|
2,295,055
|
HSBC
|
10/14/2026
|
(9,357
)
|
|
THB
|
56,871,434
|
USD
|
1,736,182
|
HSBC
|
9/16/2026
|
(27,278
)
|
|
USD
|
1,766,745
|
THB
|
58,806,106
|
GSI
|
9/16/2026
|
(294
)
|
|
TRY
|
13,512,606
|
USD
|
262,160
|
HSBC
|
11/9/2026
|
(111
)
|
|
USD
|
402,806
|
TRY
|
21,568,040
|
BCB
|
11/9/2026
|
(15,460
)
|
|
USD
|
168,494
|
TRY
|
8,709,252
|
CITI
|
11/9/2026
|
(403
)
|
|
USD
|
492,165
|
UZS
|
6,255,422,787
|
DB
|
10/26/2026
|
(9,927
)
|
|
USD
|
720,398
|
UZS
|
9,113,031,001
|
JPM
|
10/26/2026
|
(11,061
)
|
|
UZS
|
8,799,734,130
|
USD
|
713,974
|
DB
|
2/16/2027
|
(7,663
)
|
|
Total unrealized depreciation
|
|
$(9,100,281
)
|
||||
|
Total net unrealized depreciation
|
|
$(6,542,206
)
|
||||
|
Counterparty
|
Reference Entity
|
Notional
Amount
|
Expiration
Date
|
Unrealized
Appreciation/
(Depreciation)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.25%, due 4/15/2028
|
$4,000,000
|
8/28/2026
|
$(33,367
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 0.88%, due 1/15/2029
|
7,500,000
|
8/28/2026
|
(36,811
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.63%, due 10/15/2029
|
4,750,000
|
8/28/2026
|
(49,128
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 1/15/2031
|
9,500,000
|
8/28/2026
|
(43,834
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.13%, due 1/15/2033
|
4,750,000
|
8/28/2026
|
(30,696
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.75%, due 1/15/2034
|
6,000,000
|
8/28/2026
|
(46,430
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 2.13%, due 1/15/2035
|
4,500,000
|
8/28/2026
|
(38,380
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.88%, due 1/15/2036
|
4,100,000
|
8/28/2026
|
(36,485
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 0.75%, due 2/15/2042
|
2,000,000
|
8/28/2026
|
(13,548
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 0.75%, due 2/15/2045
|
1,150,000
|
8/28/2026
|
(7,171
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.00%, due 2/15/2048
|
2,000,000
|
8/28/2026
|
(13,242
)
|
|
GSI
|
U.S. Treasury Inflation-Indexed Bonds, 1.50%, due 2/15/2053
|
3,700,000
|
8/28/2026
|
(24,373
)
|
|
Total net unrealized depreciation
|
$(373,465
)
|
|||
|
Centrally Cleared Credit Default Swaps — Buy Protection
|
|
Clearinghouse
|
Reference
Entity
|
Notional
Amount
|
Financing
Rate
Paid
by
the Fund
|
Payment
Frequency
|
Maturity
Date
|
Upfront
Payments/
(Receipts)
|
Unrealized
Appreciation/
(Depreciation)
|
Accrued
Net
Interest
Receivable/
(Payable)
|
Value
|
|
|
ICE CC
|
CDX Emerging
Markets Index,
Ser. 45.V1
|
USD
|
30,000,000
|
1.00
%
|
3M
|
6/20/2031
|
$583,353
|
$(573)
|
$(33,333)
|
$549,447
|
|
ICE CC
|
iTraxx Europe
Ser. 45.V1
|
EUR
|
1,030,000
|
1.00
%
|
3M
|
6/20/2031
|
20,261
|
(26,071)
|
(1,320)
|
(7,130)
|
|
Total
|
|
|
|
|
|
|
$603,614
|
$(26,644
)
|
$(34,653
)
|
$542,317
|
|
|
|
Centrally Cleared Credit Default Swaps — Sell Protection
|
|
Clearinghouse
|
Reference
Entity
|
Notional
Amount
|
Financing
Rate
Received
by
the Fund
|
Payment
Frequency
|
Maturity
Date
|
Upfront
Payments/
(Receipts)
|
Unrealized
Appreciation/
(Depreciation)
|
Accrued
Net
Interest
Receivable/
(Payable)
|
Value
|
|
|
ICE CC
|
CDX North
America
High Yield
Index,
Ser. 46.V3
|
USD
|
301,847,040
|
5.00
%
|
3M
|
6/20/2031
|
$23,461,847
|
$(624,100
)
|
$1,676,928
|
$24,514,675
|
|
ICE CC
|
iTraxx Europe
Ser. 45.V1
|
EUR
|
267,385,000
|
5.00
%
|
3M
|
6/20/2031
|
$31,168,465
|
(453,677
)
|
1,712,972
|
32,427,760
|
|
Total
|
|
|
|
|
|
|
$54,630,312
|
$(1,077,777
)
|
$3,389,900
|
$56,942,435
|
|
|
|
Clearinghouse
|
Notional
Amount
|
Fund
Receives/
Pays
Floating
Rate
|
Floating
Rate Index
|
Annual
Fixed-
Rate
|
Frequency
of Fund
Receipt/
Payment
|
Maturity
Date
|
Unrealized
Appreciation/
(Depreciation)
|
Accrued
Net
Interest
Receivable/
(Payable)
|
Value
|
|
|
CME
|
BRL
|
133,875,000
|
Pay
|
1D CETIP
|
13.25%
|
T/T
|
1/2/2031
|
$(1,088,931)
|
$(121,219)
|
$(1,210,150)
|
|
CME
|
BRL
|
173,205,000
|
Pay
|
1D CETIP
|
13.45%
|
T/T
|
1/2/2031
|
(1,238,845)
|
(465,321)
|
(1,704,166)
|
|
LCH
|
EUR
|
520,000
|
Pay
|
€STR
|
2.15%
|
1Y/1Y
|
4/2/2030
|
(12,664)
|
234
|
(12,430)
|
|
LCH
|
EUR
|
206,577
|
Receive
|
6M EURIBOR
|
0.05%
|
6M/1Y
|
4/13/2031
|
31,381
|
1,736
|
33,117
|
|
LCH
|
EUR
|
404,461
|
Pay
|
6M EURIBOR
|
2.22%
|
6M/1Y
|
8/30/2032
|
(22,621)
|
5,235
|
(17,386)
|
|
LCH
|
EUR
|
117,250
|
Pay
|
€STR
|
2.46%
|
1Y/1Y
|
4/2/2035
|
(4,944)
|
195
|
(4,749)
|
|
LCH
|
EUR
|
222,322
|
Receive
|
€STR
|
2.89%
|
1Y/1Y
|
11/18/2055
|
15,646
|
(1,640)
|
14,006
|
|
LCH
|
EUR
|
481,020
|
Receive
|
6M EURIBOR
|
3.05%
|
6M/1Y
|
11/26/2055
|
29,353
|
(8,831)
|
20,522
|
|
Total
|
|
|
|
|
|
|
|
$(2,291,625)
|
$(589,611)
|
$(2,881,236)
|
|
Centrally cleared inflation swaps
|
|
|||||||||
|
Clearinghouse
|
Notional
Amount
|
Fund
Receives/
Pays
Floating
Rate
|
Floating
Rate Index
|
Annual
Fixed-
Rate
|
Frequency
of Fund
Receipt/
Payment
|
Maturity
Date
|
Unrealized
Appreciation/
(Depreciation)
|
Accrued
Net
Interest
Receivable/
(Payable)
|
Value
|
|
|
LCH
|
EUR
|
670,000
|
Receive
|
CPTFEMU
|
1.42
%
|
T/T
|
4/15/2031
|
$221,416
|
$(68,019
)
|
$153,397
|
|
LCH
|
USD
|
26,425,000
|
Pay
|
CPURNSA
|
2.58
%
|
T/T
|
12/2/2026
|
(1,456,160
)
|
1,144,264
|
(311,896
)
|
|
LCH
|
USD
|
10,970,000
|
Receive
|
CPURNSA
|
2.47
%
|
T/T
|
12/2/2029
|
618,647
|
(455,884
)
|
162,763
|
|
Total
|
|
|
|
|
|
|
|
$(616,097
)
|
$620,361
|
$4,264
|
|
Over-the-counter total return swaps—Long(a)
|
|
Counterparty
|
Reference
Entity
|
Notional
Amount
|
Maturity
Date
|
Variable
Rate(b)
|
Spread
|
Reference
Rate
|
Frequency
of Fund
Receipt/
Payment
|
Unrealized
Appreciation/
(Depreciation)
|
Accrued
Net
Interest
Receivable/
(Payable)
|
Value
|
|
|
GSI
|
iShares iBoxx $
High Yield Corp.
Bond ETF
|
USD
|
27,901,454
|
8/9/2026
|
3.51%
|
(0.15)%
|
SOFR
|
T/T
|
$(94,784)
|
$(59,251)
|
$(154,035)
|
|
GSI
|
iShares iBoxx $
High Yield Corp.
Bond ETF
|
USD
|
73,000,631
|
8/20/2026
|
3.36%
|
(0.30)%
|
SOFR
|
T/T
|
(349,021)
|
(262,626)
|
(611,647)
|
|
GSI
|
iShares iBoxx $
High Yield Corp.
Bond ETF
|
USD
|
91,007,541
|
9/15/2026
|
3.31%
|
(0.35)%
|
SOFR
|
T/T
|
(641,220)
|
37,813
|
(603,407)
|
|
JPM
|
iShares iBoxx $
High Yield Corp.
Bond ETF
|
USD
|
24,843,064
|
9/22/2026
|
3.26%
|
(0.40)%
|
SOFR
|
T/T
|
(143,783)
|
27,851
|
(115,932)
|
|
Total
|
|
|
|
|
|
|
|
|
$(1,228,808)
|
$(256,213)
|
$(1,485,021)
|
|
(a)
|
The Fund pays a specified rate based on a reference rate plus or minus a spread, and
receives the
total return on the reference entity.
|
|
(b)
|
Effective rate at July 31, 2026.
|
|
Asset Valuation Inputs
|
Level 1
|
Level 2
|
Level 3(a)
|
Total
|
|
Investments:
|
|
|
|
|
|
U.S. Treasury Obligations
|
$—
|
$255,487,950
|
$—
|
$255,487,950
|
|
U.S. Government Agency Securities
|
—
|
2,482,382
|
—
|
2,482,382
|
|
Mortgage-Backed Securities#
|
—
|
3,538,560,736
|
—
|
3,538,560,736
|
|
Asset-Backed Securities#
|
—
|
984,025,574
|
—
|
984,025,574
|
|
Corporate Bonds#
|
—
|
3,226,460,791
|
—
|
3,226,460,791
|
|
Loan Assignments
|
|
|
|
|
|
Aerospace & Defense#
|
—
|
14,070,123
|
1,396,500
|
15,466,623
|
|
Other Loan Assignments
|
—
|
35,797,985
|
—
|
35,797,985
|
|
Total Loan Assignments
|
—
|
49,868,108
|
1,396,500
|
51,264,608
|
|
Foreign Government Securities
|
—
|
665,609,863
|
—
|
665,609,863
|
|
Convertible Bonds
|
—
|
12,050
|
—
|
12,050
|
|
Municipal Notes#
|
—
|
40,036,285
|
—
|
40,036,285
|
|
Investment Companies
|
—
|
—
|
4,976
|
4,976
|
|
Exchange-Traded Funds
|
285,474,379
|
—
|
—
|
285,474,379
|
|
Preferred Stocks#
|
—
|
—
|
1,438,500
|
1,438,500
|
|
Short-Term Investments
|
—
|
162,351,212
|
—
|
162,351,212
|
|
Total Investments
|
$285,474,379
|
$8,924,894,951
|
$2,839,976
|
$9,213,209,306
|
|
#
|
The Schedule of Investments provides information on the industry, state/territory
or sector
categorization as well as a Positions by Country summary.
|
|
(a)
|
The following is a reconciliation between the beginning and ending balances of investments
in which
significant unobservable inputs (Level 3) were used in determining value:
|
|
(000's
omitted)
|
Beginning
balance as
of
11/1/2025
|
Accrued
discounts/
(premiums)
|
Realized
gain/(loss)
|
Change
in unrealized
appreciation/
(depreciation)
|
Purchases
|
Sales/
Other
Reductions
|
Transfers
into
Level 3
|
Transfers
out of
Level 3
|
Balance
as of
7/31/2026
|
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2026
|
|
Investments in
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
Loan Assignments(1)
|
$—
|
$—
|
$—
|
$—
|
$1,396
|
$—
|
$—
|
$—
|
$1,396
|
$—
|
|
Preferred Stocks(2)
|
1,470
|
—
|
—
|
(31
)
|
—
|
—
|
—
|
—
|
1,439
|
(31
)
|
|
Investment
Companies(1)
|
5
|
—
|
1
|
10
|
—
|
(11
)
|
—
|
—
|
5
|
10
|
|
Total
|
$1,475
|
$—
|
$1
|
$(21
)
|
$1,396
|
$(11
)
|
$—
|
$—
|
$2,840
|
$(21
)
|
|
(1)
At July 31, 2026, these investments were valued in accordance with procedures approved
by the
valuation designee. These investments did not have a material impact on the Fund's
net assets
and, therefore, disclosure of significant unobservable inputs used in formulating
valuations is not
presented.
|
||||||||||
|
(2)
Securities categorized as Level 3 were valued using a single quotation obtained from
a dealer.
|
||||||||||
|
Other Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Futures@
|
|
|
|
|
|
Assets
|
$21,893,477
|
$—
|
$—
|
$21,893,477
|
|
Liabilities
|
(28,583,079
)
|
—
|
—
|
(28,583,079
)
|
|
Forward FX Contracts@
|
|
|
|
|
|
Assets
|
—
|
2,558,075
|
—
|
2,558,075
|
|
Liabilities
|
—
|
(9,100,281
)
|
—
|
(9,100,281
)
|
|
Bond Forwards@
|
|
|
|
|
|
Liabilities
|
—
|
(373,465
)
|
—
|
(373,465
)
|
|
Swaps
|
|
|
|
|
|
Assets
|
—
|
57,875,687
|
—
|
57,875,687
|
|
Liabilities
|
—
|
(4,752,928
)
|
—
|
(4,752,928
)
|
|
Total
|
$(6,689,602
)
|
$46,207,088
|
$—
|
$39,517,486
|
|
@
|
Futures, forward FX contracts and bond forwards are reported at the cumulative unrealized
appreciation/(depreciation) of the instrument.
|
|
|
Value at
October 31,
2025
|
Purchases
|
Sales/
Other
Reductions
|
Change in
Net Unrealized
Appreciation/
(Depreciation)
from
Investments
in Affiliated
Persons
|
Net Realized
Gain/(Loss)
from
Investments
in Affiliated
Persons
|
Distributions
from
Investments
in Affiliated
Persons(b)
|
Shares
Held at
July 31,
2026
|
Value at
July 31,
2026
|
|
Strategic Income
|
|
|
|
|
|
|
|
|
|
Neuberger Berman
Global Monthly Income
Fund Ltd.
|
$4,851
|
$—
|
$(10,788
)
|
$10,286
|
$627
|
$—
|
48,204
|
$4,976
|
|
Neuberger Berman
Short Duration Income
ETF
|
32,252,532
|
—
|
(32,142,962
)
|
(196,608
)
|
87,038
|
488,206
|
—
|
—
|
|
Neuberger Flexible
Credit Income ETF
|
—
|
9,565,574
|
—
|
(92,138
)
|
—
|
150,406
|
189,000
|
9,473,436
|
|
Total for affiliates held
as of 7/31/26(c)
|
$32,257,383
|
$9,565,574
|
$(32,153,750
)
|
$(278,460
)
|
$87,665
|
$638,612
|
|
$9,478,412
|
|
(a)
|
Affiliated persons, as defined in the Investment Company Act of 1940, as amended.
|
|
(b)
|
Distributions received include distributions from net investment income and net realized
capital gains, if
any, from other investment companies managed by NBIA.
|
|
(c)
|
At July 31, 2026, the value of investments in affiliates amounted to 0.12% of net
assets of Fund.
|
|
Floating Rate Income
|
||
|
Borrower
|
Principal
Amount
|
Value
|
|
Air Comm Corporation, LLC, Term Loan DD, (3 mo. USD Term SOFR + 1.00%), 1.00%, due
12/11/2031(a)
|
$63,000
|
$62,961
|
|
CohnReznick LLP, Term Loan DD, (3 mo. USD Term SOFR + 3.25%), 3.25%, due 3/31/2032(a)
|
40,023
|
39,156
|
|
Coreweave Financing DDTL V LLC, Term Loan DD, (1 mo. USD Term SOFR), due 9/30/2031(a)
|
3,280,000
|
3,284,100
|
|
Coreweave Financing DDTL V LLC, Term Loan DD, (1 mo. USD Term SOFR + 4.50%), 8.14%,
due
11/17/2031(a)
|
1,200,877
|
1,197,875
|
|
Dwyer Instruments, Inc, Term Loan DD, (1 mo. USD Term SOFR), due 7/15/2033(a)
|
117,447
|
117,300
|
|
Fastener Distribution Holdings, LLC, Term Loan DD, (1 mo. USD Term SOFR), 7.23%, due
7/23/2033(a)
|
282,791
|
282,437
|
|
Hanger, Inc., Term Loan DD, (1 mo. USD Term SOFR + 3.50%), 3.50%, due 10/23/2023(a)
|
52,960
|
53,266
|
|
Kaman Corporation, Term Loan DD, (3 mo. USD Term SOFR ), due 2/26/2032(a)
|
145,898
|
145,769
|
|
Pinnacle Buyer LLC, Term Loan DD, (3 mo. USD Term SOFR + 2.50%), 2.50%, due 10/1/2032(a)
|
290,323
|
291,330
|
|
Pye-Barker Fire & Safety LLC, Term Loan DD, (3 mo. USD Term SOFR + 2.50%), 2.50%,
due
12/16/2032(a)
|
220,844
|
221,579
|
|
Raven Acquisition Holdings LLC, Term Loan DD, (3 mo. USD Term SOFR + 3.00%), 3.00%,
due
11/19/2031(a)
|
33,138
|
32,926
|
|
Salas O'Brien Inc, Term Loan DD, (3 mo. USD Term SOFR + 2.75%), 2.75%, due 1/31/2033(a)
|
101,429
|
101,555
(b)
|
|
Savor Acquisition, Inc., Term Loan DD, (3 mo. USD Term SOFR + 3.00%), 3.00%, due 2/19/2032(a)
|
131,897
|
132,474
|
|
(a)
|
Position is a delayed draw term loan which may be partially or fully unfunded. In
accordance with the
underlying credit agreement, the interest rate shown reflects the unfunded rate as
of July 31, 2026.
|
|
(b)
|
Value determined using significant unobservable inputs.
|
|
Clearinghouses:
|
|
|
CME
|
= CME Group, Inc.
|
|
ICE CC
|
= ICE Clear Credit LLC
|
|
LCH
|
= LCH Clearnet Limited
|
|
Counterparties:
|
|
|
BCB
|
= Barclays Bank PLC
|
|
BNP
|
= BNP Paribas SA
|
|
CITI
|
= Citibank, N.A.
|
|
DB
|
= Deutsche Bank AG
|
|
GSI
|
= Goldman Sachs International
|
|
HSBC
|
= HSBC Bank plc
|
|
JPM
|
= JPMorgan Chase Bank N.A.
|
|
MS
|
= Morgan Stanley Capital
Services LLC
|
|
SCB
|
= Standard Chartered Bank
|
|
TD
|
= TD Securities
|
|
Index Periods/Payment Frequencies:
|
|
|
1D
|
= 1 Day
|
|
3M
|
= 3 Months
|
|
6M
|
= 6 Months
|
|
T
|
= Termination
|
|
Non-Deliverable Forward Contracts:
|
|
|
ARS
|
= Argentine Peso
|
|
BRL
|
= Brazilian Real
|
|
CLP
|
= Chilean Peso
|
|
COP
|
= Colombian Peso
|
|
EGP
|
= Egyptian Pound
|
|
IDR
|
= Indonesian Rupiah
|
|
INR
|
= Indian Rupee
|
|
KRW
|
= South Korean Won
|
|
KZT
|
= Kazakhstani Tenge
|
|
LKR
|
= Sri Lankan Rupee
|
|
NGN
|
= Nigerian Naira
|
|
PEN
|
= Peruvian Nuevo Sol
|
|
PKR
|
= Pakistani Rupee
|
|
UAH
|
= Ukraine Hryvnia
|
|
VND
|
= Vietnam Dong
|
|
Other Abbreviations:
|
|
|
JSC
|
= Joint Stock Company
|
|
Management
|
= Neuberger Berman Investment
Advisers LLC
|
|
PJSC
|
= Public Joint Stock Company
|
|
Reference Rate Benchmarks:
|
|
|
€STR
|
= Euro Short Term Rate
|
|
CETIP
|
= Overnight Brazil Interbank Deposit
Rate
|
|
Reference Rate Benchmarks: (cont’d)
|
|
|
CPTFEMU
|
= Eurostat Eurozone Harmonised
Indices of Consumer Prices Ex
Tobacco Unrevised Series NSA
|
|
CPURNSA
|
= US CPI Urban Consumers NSA
|
|
EURIBOR
|
= Euro Interbank Offered Rate
|
|
SOFR
|
= Secured Overnight Financing Rate
|
|
Currency Abbreviations:
|
|
|
ARS
|
= Argentina Peso
|
|
BRL
|
= Brazilian Real
|
|
CAD
|
= Canadian Dollar
|
|
CLP
|
= Chilean Peso
|
|
COP
|
= Colombian Peso
|
|
CRC
|
= Costa Rica Colon
|
|
CZK
|
= Czech Koruna
|
|
DKK
|
= Denmark Krone
|
|
DOP
|
= Dominican Peso
|
|
EGP
|
= Egyptian Pound
|
|
EUR
|
= Euro
|
|
GBP
|
= Pound Sterling
|
|
GHS
|
= Ghanaian Cedi
|
|
HUF
|
= Hungarian Forint
|
|
IDR
|
= Indonesian Rupiah
|
|
INR
|
= Indian Rupee
|
|
JPY
|
= Japanese Yen
|
|
KES
|
= Kenyan Shilling
|
|
KRW
|
= South Korean Won
|
|
KZT
|
= Kazakhstani Tenge
|
|
LKR
|
= Sri Lanka Rupee
|
|
MNT
|
= Mongolia Tughrik
|
|
MXN
|
= Mexican Peso
|
|
NGN
|
= Nigeria Naira
|
|
NZD
|
= New Zealand Dollar
|
|
PEN
|
= Peruvian Nuevo Sol
|
|
PKR
|
= Pakistan Rupee
|
|
PLN
|
= Polish Zloty
|
|
PYG
|
= Paraguay Guarani
|
|
RON
|
= Romanian New Leu
|
|
SGD
|
= Singapore Dollar
|
|
THB
|
= Thai Baht
|
|
TRY
|
= Turkish Lira
|
|
UAH
|
= Ukraine Hryvna
|
|
UGX
|
= Ugandan Shilling
|
|
USD
|
= United States Dollar
|
|
UZS
|
= Uzbekistan Som
|
|
VND
|
= Vietnamese Dong
|
|
ZAR
|
= South African Rand
|
|
ZMW
|
= Zambian Kwacha
|