|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS—97.3%
|
|
||
|
ANGOLA—0.6%
|
|
|
|
|
Azule Energy Finance PLC, 8.25%,
01/22/2031(a)(b)
|
$
|
1,552,000
|
$1,579,098
|
|
Sonangol Finance Ltd., 10.00%,
01/29/2031(a)(b)
|
|
1,856,000
|
1,894,127
|
|
Total Angola
|
|
3,473,225
|
|
|
ARGENTINA—1.0%
|
|
|
|
|
Genneia SA, 7.75%, 12/02/2033(a)(b)(c)
|
|
1,751,000
|
1,788,646
|
|
Pluspetrol SA, 8.50%, 05/30/2032(a)(b)
|
|
1,717,000
|
1,815,556
|
|
Telecom Argentina SA, 9.25%,
05/28/2033(a)(b)(c)
|
|
1,752,262
|
1,877,165
|
|
Total Argentina
|
|
5,481,367
|
|
|
AUSTRALIA—1.2%
|
|
|
|
|
APA Infrastructure Ltd.
|
|
|
|
|
5.13%, 09/16/2034(a)(b)
|
|
301,000
|
292,614
|
|
2.50%, 03/15/2036(a)(b)
|
GBP
|
750,000
|
753,347
|
|
5.75%, 09/16/2044(a)(b)
|
$
|
159,000
|
151,794
|
|
BHP Billiton Finance Ltd., 3.64%,
09/04/2035(a)(b)
|
EUR
|
540,000
|
603,369
|
|
Commonwealth Bank of Australia, 2.69%,
03/11/2031(a)
|
$
|
709,000
|
635,814
|
|
Fortescue Treasury Pty. Ltd.
|
|
|
|
|
5.88%, 04/15/2030(a)(b)
|
|
157,000
|
157,384
|
|
4.38%, 04/01/2031(a)(b)
|
|
2,324,000
|
2,190,284
|
|
Goodman Australia Finance Pty. Ltd.,
3.88%, 04/29/2033(a)(b)
|
EUR
|
610,000
|
692,323
|
|
NBN Co. Ltd., 3.38%, 11/29/2032(a)(b)
|
|
100,000
|
113,297
|
|
Northern Star Resources Ltd., 6.13%,
04/11/2033(a)(b)
|
$
|
479,000
|
488,614
|
|
Santos Finance Ltd., 5.75%,
11/13/2035(a)(b)
|
|
436,000
|
430,712
|
|
Transurban Finance Co. Pty. Ltd., 4.03%,
11/26/2037(a)(b)
|
EUR
|
130,000
|
146,154
|
|
Total Australia
|
|
6,655,706
|
|
|
AUSTRIA—0.2%
|
|
|
|
|
ams-OSRAM AG
|
|
|
|
|
10.50%, 03/30/2029(a)(b)
|
|
720,756
|
877,510
|
|
7.25%, 05/31/2032(a)(b)
|
|
180,000
|
209,366
|
|
Total Austria
|
|
1,086,876
|
|
|
BELGIUM—0.2%
|
|
|
|
|
Anheuser-Busch InBev SA, 4.13%,
05/19/2045(a)(b)
|
|
110,000
|
119,810
|
|
Anheuser-Busch InBev Worldwide, Inc.
|
|
|
|
|
4.38%, 04/15/2038(b)
|
$
|
235,000
|
214,927
|
|
5.55%, 01/23/2049(b)
|
|
773,000
|
728,964
|
|
VGP NV, 2.25%, 01/17/2030(a)(b)
|
EUR
|
200,000
|
216,346
|
|
Total Belgium
|
|
1,280,047
|
|
|
BRAZIL—2.0%
|
|
|
|
|
Aegea Finance SARL, 9.00%,
01/20/2031(a)(b)
|
$
|
1,326,000
|
1,283,994
|
|
CSN Inova Ventures, 6.75%,
01/28/2028(a)(b)
|
|
1,200,000
|
1,004,640
|
|
LD Celulose International GmbH, 7.95%,
01/26/2032(a)(b)
|
|
1,830,000
|
1,905,890
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Minerva Luxembourg SA, 7.50%,
04/22/2036(a)(b)
|
$
|
2,010,000
|
$1,913,922
|
|
MV24 Capital BV, 6.75%, 06/01/2034(a)(c)
|
|
1,440,982
|
1,457,135
|
|
Raizen Fuels Finance SA, 6.45%,
03/05/2034(a)(b)(d)(e)
|
|
402,000
|
214,568
|
|
Samarco Mineracao SA, 9.500% Cash or
9.000% PIK, 06/30/2031(a)(b)
|
|
1,417,651
|
1,428,401
|
|
Yinson Boronia Production BV, 8.95%,
07/31/2042(a)(b)(c)
|
|
1,518,910
|
1,673,627
|
|
Total Brazil
|
|
10,882,177
|
|
|
BURKINA FASO—0.2%
|
|
|
|
|
IAMGOLD Corp., 5.75%, 10/15/2028(a)(b)
|
|
989,000
|
986,638
|
|
CANADA—3.0%
|
|
|
|
|
1011778 BC ULC/New Red Finance, Inc.
|
|
|
|
|
6.13%, 06/15/2029(a)(b)
|
|
1,584,000
|
1,600,514
|
|
5.63%, 09/15/2029(a)(b)
|
|
868,000
|
865,818
|
|
4.00%, 10/15/2030(a)(b)
|
|
1,138,000
|
1,069,266
|
|
Alimentation Couche-Tard, Inc., 3.90%,
04/21/2033(a)(b)
|
EUR
|
375,000
|
428,963
|
|
Baffinland Iron Mines Corp./Baffinland
Iron Mines LP, 8.75%,
07/15/2026(a)(b)(d)(e)
|
$
|
1,326,000
|
702,780
|
|
Bombardier, Inc.
|
|
|
|
|
7.25%, 07/01/2031(a)(b)
|
|
724,000
|
754,097
|
|
7.00%, 06/01/2032(a)(b)
|
|
560,000
|
576,979
|
|
6.75%, 06/15/2033(a)(b)
|
|
998,000
|
1,027,908
|
|
Bruce Power LP
|
|
|
|
|
Series 21-1, 2.68%, 12/21/2028(b)
|
CAD
|
303,000
|
211,793
|
|
4.70%, 06/21/2031(b)
|
|
238,000
|
174,121
|
|
4.27%, 12/21/2034(b)
|
|
687,000
|
479,217
|
|
Choice Properties Real Estate Investment
Trust
|
|
|
|
|
5.03%, 02/28/2031(b)
|
|
639,000
|
472,794
|
|
Series W, 4.63%, 08/08/2035(b)
|
|
102,000
|
72,174
|
|
Emera U.S. Finance LP, 2.64%,
06/15/2031(b)
|
$
|
729,000
|
649,480
|
|
Fairfax Financial Holdings Ltd.
|
|
|
|
|
4.25%, 12/06/2027(b)
|
CAD
|
517,000
|
372,400
|
|
5.75%, 05/20/2035(b)
|
$
|
295,000
|
296,164
|
|
6.35%, 03/22/2054(b)
|
|
444,000
|
430,161
|
|
Hydro One, Inc., 4.25%, 01/04/2035(b)
|
CAD
|
728,000
|
518,451
|
|
Ontario Teachers' Cadillac Fairview
Properties Trust, 2.50%,
10/15/2031(a)(b)
|
$
|
425,000
|
371,047
|
|
Pembina Pipeline Corp., 4.81%,
03/25/2044(a)(b)
|
CAD
|
449,000
|
295,143
|
|
Rio Tinto Alcan, Inc., 7.25%, 03/15/2031
|
$
|
1,200,000
|
1,308,427
|
|
Rogers Communications, Inc., 5.30%,
02/15/2034(b)
|
|
860,000
|
834,868
|
|
Saturn Oil & Gas, Inc., 8.50%,
07/30/2031(a)(b)
|
|
1,102,000
|
1,105,055
|
|
TELUS Corp., Series CAG, 5.25%,
11/15/2032(b)
|
CAD
|
770,000
|
574,736
|
|
Videotron Ltd., 3.63%, 06/15/2029(a)(b)
|
$
|
409,000
|
393,344
|
|
WSP Global, Inc.
|
|
|
|
|
5.04%, 09/18/2031(a)(b)
|
|
245,000
|
241,323
|
|
5.71%, 09/18/2036(a)(b)
|
|
579,000
|
558,261
|
|
Total Canada
|
|
16,385,284
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
CHILE—0.8%
|
|
|
|
|
Banco de Credito e Inversiones SA, VRN,
(fixed rate to 12/12/2034, variable rate
thereafter), 7.50%, 12/12/2034(a)(f)
|
$
|
820,000
|
$855,219
|
|
Inversiones CMPC SA, VRN, (fixed rate to
09/09/2032, variable rate thereafter),
6.70%, 12/09/2057(a)(b)
|
|
1,978,000
|
1,923,862
|
|
Latam Airlines Group SA, 7.88%,
04/15/2030(a)(b)
|
|
1,706,000
|
1,759,142
|
|
Total Chile
|
|
4,538,223
|
|
|
CHINA—0.2%
|
|
|
|
|
Prosus NV, 3.06%, 07/13/2031(a)(b)
|
|
1,054,000
|
944,193
|
|
COLOMBIA—1.5%
|
|
|
|
|
Banco Davivienda SA, VRN, (fixed rate to
04/22/2031, variable rate thereafter),
6.65%, 04/22/2031(a)(f)
|
|
2,071,000
|
1,930,244
|
|
Banco de Occidente SA, VRN, (fixed rate
to 05/13/2029, variable rate
thereafter), 10.88%, 08/13/2034(a)(b)
|
|
1,186,000
|
1,302,821
|
|
Bancolombia SA, VRN, (fixed rate to
06/24/2029, variable rate thereafter),
8.63%, 12/24/2034(b)
|
|
1,232,000
|
1,302,156
|
|
Ecopetrol SA, 8.88%, 01/13/2033(b)
|
|
1,562,000
|
1,686,952
|
|
Grupo Nutresa SA, VRN, (fixed rate to
10/21/2031, variable rate thereafter),
7.88%, 10/21/2031(a)(f)
|
|
1,938,000
|
1,912,612
|
|
Total Colombia
|
|
8,134,785
|
|
|
COSTA RICA—0.3%
|
|
|
|
|
Instituto Costarricense de Electricidad,
6.38%, 05/15/2043(a)
|
|
1,942,000
|
1,902,752
|
|
DENMARK—0.3%
|
|
|
|
|
Arla Foods amba, 3.38%, 05/22/2029(a)(b)
|
EUR
|
260,000
|
298,866
|
|
Danske Bank AS, VRN, (fixed rate to
10/02/2029, variable rate thereafter),
4.61%, 10/02/2030(a)(b)
|
$
|
390,000
|
384,930
|
|
ISS Global AS, 3.50%, 05/11/2031(a)(b)
|
EUR
|
550,000
|
625,216
|
|
Novonesis Novozymes B, 3.63%,
03/19/2033(a)(b)
|
|
280,000
|
319,240
|
|
Total Denmark
|
|
1,628,252
|
|
|
DOMINICAN REPUBLIC—0.4%
|
|
|
|
|
AES Espana BV, 5.70%, 05/04/2028(a)(b)
|
$
|
1,986,000
|
1,968,623
|
|
ECUADOR—0.4%
|
|
|
|
|
Corp. Quiport SA, 9.00%,
12/15/2037(a)(b)(c)
|
|
1,790,000
|
1,950,859
|
|
FRANCE—1.5%
|
|
|
|
|
Airbus SE, 3.38%, 05/13/2033(a)(b)
|
EUR
|
220,000
|
249,192
|
|
Autoroutes du Sud de la France SA,
3.38%, 01/19/2034(a)(b)
|
|
100,000
|
111,922
|
|
BNP Paribas SA, VRN, (fixed rate to
12/15/2033, variable rate thereafter),
6.88%, 12/15/2033(a)(f)
|
$
|
340,000
|
336,766
|
|
BPCE SA
|
|
|
|
|
(fixed rate to 01/20/2031, variable rate
thereafter), 2.28%, 01/20/2032(a)(b)
|
|
500,000
|
439,066
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
BPCE SA (continued)
|
|
|
|
|
(fixed rate to 05/28/2035, variable rate
thereafter), 6.03%, 05/28/2036(a)(b)
|
$
|
750,000
|
$752,413
|
|
CAB SELAS, 7.75%, 08/09/2031(a)(b)
|
EUR
|
339,000
|
397,792
|
|
Credit Agricole SA
|
|
|
|
|
(fixed rate to 08/01/2031, variable rate
thereafter), 5.19%, 08/01/2032(a)(b)
|
$
|
750,000
|
744,666
|
|
3.88%, 02/16/2038(a)
|
EUR
|
500,000
|
557,002
|
|
Electricite de France SA, 4.63%,
01/25/2043(a)(b)
|
|
200,000
|
223,617
|
|
Engie SA, 3.25%, 01/11/2032(a)(b)
|
|
300,000
|
338,871
|
|
Forvia SE, 5.38%, 03/15/2031(a)(b)
|
|
160,000
|
187,482
|
|
Iliad Holding SAS
|
|
|
|
|
7.00%, 10/15/2028(a)(b)
|
$
|
1,821,000
|
1,825,405
|
|
5.38%, 04/15/2030(a)(b)
|
EUR
|
300,000
|
353,065
|
|
L'Oreal SA, 5.00%, 05/20/2035(a)(b)
|
$
|
276,000
|
272,777
|
|
RCI Banque SA, 3.63%, 02/22/2030(a)(b)
|
EUR
|
400,000
|
457,582
|
|
Unibail-Rodamco-Westfield SE, 3.88%,
04/21/2033(a)(b)
|
|
400,000
|
454,752
|
|
WEA Finance LLC, 2.88%, 01/15/2027(a)(b)
|
$
|
350,000
|
347,232
|
|
Total France
|
|
8,049,602
|
|
|
GEORGIA—0.9%
|
|
|
|
|
Bank of Georgia JSC, VRN, (fixed rate to
07/16/2029, variable rate thereafter),
9.50%, 07/16/2029(a)(f)
|
|
1,212,000
|
1,273,435
|
|
Georgia Global Utilities JSC, 8.88%,
07/25/2029(a)(b)
|
|
1,210,000
|
1,239,794
|
|
Silk Road Group Holding LLC, 7.50%,
09/15/2030(a)(b)
|
|
1,471,000
|
1,466,475
|
|
TBC Bank JSC, VRN, (fixed rate to
07/30/2029, variable rate thereafter),
10.25%, 07/30/2029(a)(f)
|
|
1,192,000
|
1,276,880
|
|
Total Georgia
|
|
5,256,584
|
|
|
GERMANY—1.3%
|
|
|
|
|
Aroundtown SA, 3.00%, 10/16/2029(a)(b)
|
GBP
|
210,000
|
260,137
|
|
Bayer U.S. Finance II LLC, 4.40%,
07/15/2044(a)(b)
|
$
|
800,000
|
619,025
|
|
Bayer U.S. Finance LLC, 5.13%,
07/20/2031(a)(b)
|
|
717,000
|
710,806
|
|
Cheplapharm Arzneimittel GmbH, 6.75%,
02/15/2032(a)(b)
|
EUR
|
330,000
|
382,158
|
|
Deutsche Bank AG
|
|
|
|
|
(fixed rate to 01/10/2028, variable rate
thereafter), 5.37%, 01/10/2029(b)
|
$
|
590,000
|
594,150
|
|
(fixed rate to 08/04/2030, variable rate
thereafter), 4.95%, 08/04/2031(b)
|
|
413,000
|
407,903
|
|
VRN, (fixed rate to 10/30/2031,
variable rate thereafter), 7.38%,
10/30/2031(a)(f)
|
EUR
|
1,600,000
|
1,983,658
|
|
E.ON International Finance BV
|
|
|
|
|
3.50%, 09/03/2035(a)(b)
|
|
40,000
|
44,377
|
|
5.88%, 10/30/2037(a)
|
GBP
|
350,000
|
458,214
|
|
Heidelberg Materials AG, 3.50%,
10/10/2029(a)(b)
|
EUR
|
410,000
|
472,688
|
|
Rheinmetall AG, 3.38%, 05/28/2031(a)(b)
|
|
300,000
|
342,322
|
|
Sartorius Finance BV, 3.75%,
05/12/2031(a)(b)
|
|
200,000
|
229,390
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
GERMANY (continued)
|
|
|
|
|
Vier Gas Transport GmbH, 3.63%,
09/08/2033(a)(b)
|
EUR
|
200,000
|
$225,418
|
|
Volkswagen Bank GmbH, 3.75%,
12/10/2032(a)
|
|
200,000
|
225,475
|
|
Total Germany
|
|
6,955,721
|
|
|
GHANA—0.2%
|
|
|
|
|
Kosmos Energy Ltd., 7.50%,
03/01/2028(a)(b)
|
$
|
1,093,000
|
1,078,035
|
|
GUATEMALA—0.6%
|
|
|
|
|
Energuate Trust 2 0, 6.35%,
09/15/2035(a)(b)
|
|
1,500,000
|
1,477,187
|
|
Threelands Energy Ltd. SARL, 7.45%,
10/20/2035(a)(b)
|
|
1,902,000
|
1,921,400
|
|
Total Guatemala
|
|
3,398,587
|
|
|
ICELAND—0.1%
|
|
|
|
|
Landsbankinn Hf.
|
|
|
|
|
4.00%, 05/12/2031(a)
|
EUR
|
180,000
|
207,393
|
|
3.63%, 11/03/2032(a)
|
|
320,000
|
357,987
|
|
Total Iceland
|
|
565,380
|
|
|
INDIA—1.2%
|
|
|
|
|
IIFL Finance Ltd., 7.60%, 09/10/2029(a)
|
$
|
1,065,000
|
1,067,896
|
|
Renew Treasury Ifsc Pvt Ltd., 6.50%,
02/02/2031(a)(b)
|
|
1,486,000
|
1,470,382
|
|
Sammaan Capital Ltd., 7.50%,
10/16/2030(a)
|
|
1,274,000
|
1,280,152
|
|
UPL Corp. Ltd., 4.63%, 06/16/2030(a)
|
|
932,000
|
860,910
|
|
Vedanta Resources Finance II PLC, 7.00%,
07/13/2032(a)(b)(c)
|
|
1,947,000
|
1,947,521
|
|
Total India
|
|
6,626,861
|
|
|
INDONESIA—0.3%
|
|
|
|
|
Medco Cypress Tree Pte. Ltd., 8.63%,
05/19/2030(a)(b)
|
|
1,664,000
|
1,727,267
|
|
IRELAND—0.7%
|
|
|
|
|
AIB Group PLC
|
|
|
|
|
(fixed rate to 09/13/2028, variable rate
thereafter), 6.61%, 09/13/2029(a)(b)
|
|
821,000
|
849,532
|
|
(fixed rate to 03/28/2034, variable rate
thereafter), 5.87%, 03/28/2035(a)(b)
|
|
400,000
|
407,858
|
|
Avolon Holdings Funding Ltd.
|
|
|
|
|
5.75%, 03/01/2029(a)(b)
|
|
291,000
|
295,499
|
|
4.95%, 10/15/2032(a)(b)
|
|
468,000
|
451,649
|
|
SMBC Aviation Capital Finance DAC,
5.25%, 11/26/2035(a)(b)
|
|
905,000
|
870,894
|
|
Smurfit Kappa Treasury ULC, 3.49%,
11/24/2031(b)
|
EUR
|
110,000
|
124,972
|
|
TrueNoord Capital DAC, 8.75%,
03/01/2030(a)(b)
|
$
|
704,000
|
729,559
|
|
Total Ireland
|
|
3,729,963
|
|
|
ISRAEL—0.5%
|
|
|
|
|
Teva Pharmaceutical Finance Netherlands
III BV, 7.88%, 09/15/2029(b)
|
|
2,459,000
|
2,619,570
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
ITALY—0.5%
|
|
|
|
|
ENEL Finance International NV, 2.50%,
07/12/2031(a)(b)
|
$
|
484,000
|
$427,836
|
|
Eni SpA
|
|
|
|
|
4.25%, 05/19/2033(a)
|
EUR
|
310,000
|
365,339
|
|
4.00%, 05/26/2035(a)
|
|
650,000
|
740,289
|
|
6.00%, 05/18/2056(a)(b)
|
$
|
440,000
|
415,459
|
|
Flos B&b Italia SpA, 10.00%,
11/15/2028(a)(b)
|
EUR
|
264,000
|
316,558
|
|
Gruppo San Donato SpA, 6.50%,
10/31/2031(a)(b)
|
|
133,000
|
150,062
|
|
Terna - Rete Elettrica Nazionale, 3.00%,
07/22/2031(a)(b)
|
|
520,000
|
584,158
|
|
Total Italy
|
|
2,999,701
|
|
|
JAMAICA—0.3%
|
|
|
|
|
Digicel International Finance Ltd./Difl U.S.
LLC, 8.63%, 08/01/2032(a)(b)
|
$
|
1,842,000
|
1,902,108
|
|
JAPAN—1.2%
|
|
|
|
|
Japan Tobacco, Inc., 5.25%,
06/15/2030(a)(b)
|
|
566,000
|
572,427
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
|
|
|
VRN, (fixed rate to 10/13/2031, variable
rate thereafter), 2.49%,
10/13/2032(b)
|
|
550,000
|
481,878
|
|
VRN, (fixed rate to 09/12/2035,
variable rate thereafter), 5.19%,
09/12/2036(b)
|
|
424,000
|
412,544
|
|
Nissan Motor Co. Ltd., 7.75%,
07/17/2032(a)(b)
|
|
1,887,000
|
1,949,228
|
|
NTT Finance Corp., 5.14%,
07/02/2031(a)(b)
|
|
1,500,000
|
1,495,994
|
|
SoftBank Corp., 3.94%, 06/30/2032(a)(b)
|
EUR
|
210,000
|
240,814
|
|
Sumitomo Mitsui Financial Group, Inc.,
(fixed rate to 07/07/2031, variable rate
thereafter), 4.93%, 07/07/2032(b)
|
$
|
1,200,000
|
1,185,543
|
|
Toyota Motor Finance Netherlands BV,
3.25%, 04/23/2030(a)
|
EUR
|
420,000
|
480,225
|
|
Total Japan
|
|
6,818,653
|
|
|
JERSEY—0.2%
|
|
|
|
|
Waga Bondco Ltd., 8.50%,
06/15/2030(a)(b)
|
GBP
|
1,161,000
|
1,281,053
|
|
KAZAKHSTAN—0.5%
|
|
|
|
|
ForteBank JSC, VRN, (fixed rate to
11/03/2030, variable rate thereafter),
9.75%, 11/03/2030(a)(f)
|
$
|
1,876,000
|
1,935,008
|
|
KazMunayGas National Co. JSC, 6.38%,
10/24/2048(a)
|
|
1,052,000
|
1,011,914
|
|
Total Kazakhstan
|
|
2,946,922
|
|
|
KUWAIT—0.3%
|
|
|
|
|
Al Ahli Bank of Kuwait KSCP, VRN, (fixed
rate to 09/12/2029, variable rate
thereafter), 6.50%, 09/12/2029(a)(f)
|
|
1,911,000
|
1,914,400
|
|
KYRGYZSTAN—0.3%
|
|
|
|
|
Eldik Bank OAO, 8.50%, 04/23/2031(a)
|
|
1,921,000
|
1,911,408
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
LUXEMBOURG—0.4%
|
|
|
|
|
Maxam Prill SARL
|
|
|
|
|
6.00%, 07/15/2030(a)(b)
|
EUR
|
1,380,000
|
$1,624,045
|
|
6.00%, 07/15/2030(a)(b)
|
|
277,000
|
325,986
|
|
Total Luxembourg
|
|
1,950,031
|
|
|
MACAO—0.3%
|
|
|
|
|
Studio City Finance Ltd., 5.00%,
01/15/2029(a)(b)
|
$
|
1,991,000
|
1,894,379
|
|
MAURITIUS—0.3%
|
|
|
|
|
Axian Telecom Holding & Management
PLC, 7.25%, 07/11/2030(a)(b)
|
|
1,876,000
|
1,890,253
|
|
MEXICO—2.6%
|
|
|
|
|
Banco Mercantil del Norte SA, VRN, (fixed
rate to 05/20/2035, variable rate
thereafter), 8.75%, 05/20/2035(a)(f)
|
|
1,884,000
|
1,934,681
|
|
Cemex SAB de CV, 5.75%, 06/05/2036(b)
|
|
800,000
|
781,280
|
|
COX Asset Mexico SA de CV, 7.13%,
01/08/2032(a)(b)
|
|
450,000
|
447,743
|
|
FIEMEX Energia - Banco Actinver SA
Institucion de Banca Multiple, 7.25%,
01/31/2041(a)(b)(c)
|
|
1,864,757
|
1,851,144
|
|
Grupo Televisa SAB, 5.00%, 05/13/2045(b)
|
|
2,667,000
|
1,821,819
|
|
Orbia Advance Corp. SAB de CV, 7.50%,
05/13/2035(a)(b)
|
|
1,937,000
|
1,955,985
|
|
Saavi Energia SARL, 8.88%,
02/10/2035(a)(b)
|
|
1,161,000
|
1,254,809
|
|
Total Play Telecomunicaciones SA de CV,
10.50%, 12/31/2028(a)(b)(c)
|
|
616,500
|
629,755
|
|
Trust 2401, 6.39%, 01/15/2050(a)(b)
|
|
1,899,000
|
1,723,760
|
|
Trust Fibra Uno, 6.95%, 01/30/2044(a)(b)
|
|
1,919,000
|
1,852,948
|
|
Total Mexico
|
|
14,253,924
|
|
|
MONGOLIA—0.1%
|
|
|
|
|
Sands China Ltd., 4.38%, 06/18/2030(b)
|
|
320,000
|
308,259
|
|
NETHERLANDS—0.8%
|
|
|
|
|
Arcadis NV, 4.00%, 05/20/2031(a)(b)
|
EUR
|
360,000
|
413,270
|
|
Galderma Finance Europe BV, 3.38%,
03/17/2031(a)(b)
|
|
380,000
|
432,435
|
|
Heineken NV, 3.51%, 05/03/2034(a)(b)
|
|
340,000
|
383,420
|
|
Koninklijke KPN NV, 0.88%,
12/14/2032(a)(b)
|
|
400,000
|
386,562
|
|
Magnum Icc Finance BV, 4.00%,
11/26/2037(a)(b)
|
|
390,000
|
432,497
|
|
Ziggo Bond Co. BV
|
|
|
|
|
5.13%, 02/28/2030(a)(b)
|
$
|
2,427,000
|
1,971,932
|
|
6.13%, 11/15/2032(a)(b)
|
EUR
|
250,000
|
241,933
|
|
Total Netherlands
|
|
4,262,049
|
|
|
NIGERIA—0.8%
|
|
|
|
|
Dangote Fertiliser Ltd., 7.75%,
05/05/2031(a)(b)
|
$
|
1,910,000
|
1,915,804
|
|
Dangote Petroleum Refinery &
Petrochemicals Fze, 7.50%,
07/16/2031(a)(b)
|
|
537,000
|
536,441
|
|
IHS Holding Ltd., 8.25%, 11/29/2031(a)(b)
|
|
1,866,000
|
1,945,386
|
|
Total Nigeria
|
|
4,397,631
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
NORWAY—0.2%
|
|
|
|
|
Aker BP ASA, 4.00%, 05/29/2032(a)(b)
|
EUR
|
330,000
|
$379,961
|
|
Norsk Hydro ASA, 3.75%, 06/17/2033(a)(b)
|
|
140,000
|
160,064
|
|
Var Energi ASA, 3.88%, 03/12/2031(a)(b)
|
|
280,000
|
322,079
|
|
Total Norway
|
|
862,104
|
|
|
PAKISTAN—0.2%
|
|
|
|
|
Veon Midco BV, 7.45%, 06/01/2033(a)(b)
|
$
|
1,068,000
|
1,058,763
|
|
PANAMA—0.3%
|
|
|
|
|
UEP Penonome II SA, 6.50%,
10/01/2038(a)(c)
|
|
2,075,024
|
1,869,597
|
|
PERU—0.7%
|
|
|
|
|
Auna SA/Oncosalud SAC, 8.75%,
11/06/2032(a)(b)
|
|
1,928,000
|
1,920,288
|
|
Hunt Oil Co. of Peru LLC Sucursal Del
Peru, 7.75%, 11/05/2038(a)(b)(c)
|
|
1,804,000
|
1,930,460
|
|
Total Peru
|
|
3,850,748
|
|
|
PORTUGAL—0.1%
|
|
|
|
|
Caixa Geral de Depositos SA, (fixed rate to
05/20/2031, variable rate thereafter),
3.63%, 05/20/2032(a)(b)
|
EUR
|
500,000
|
572,978
|
|
QATAR—0.2%
|
|
|
|
|
Commercial Bank PSQC, VRN, (fixed rate
to 03/03/2031, variable rate
thereafter), 6.25%, 03/03/2031(a)(f)
|
$
|
1,062,000
|
1,042,922
|
|
ROMANIA—0.3%
|
|
|
|
|
Banca Transilvania SA, VRN, (fixed rate to
11/27/2030, variable rate thereafter),
7.13%, 11/27/2030(a)(f)
|
EUR
|
1,590,000
|
1,871,978
|
|
SAUDI ARABIA—0.4%
|
|
|
|
|
Dar Al-Arkan Sukuk Co. Ltd., 7.25%,
07/02/2030(a)
|
$
|
1,470,000
|
1,446,261
|
|
SNB Funding Ltd., VRN, (fixed rate to
06/24/2030, variable rate thereafter),
6.00%, 06/24/2030(a)(b)
|
|
713,000
|
710,823
|
|
Total Saudi Arabia
|
|
2,157,084
|
|
|
SERBIA—0.3%
|
|
|
|
|
Telecommunications Co. Telekom Srbija
AD Belgrade
|
|
|
|
|
7.25%, 05/18/2031(a)(b)
|
|
1,321,000
|
1,305,629
|
|
6.75%, 05/18/2033(a)(b)
|
EUR
|
480,000
|
561,265
|
|
Total Serbia
|
|
1,866,894
|
|
|
SLOVENIA—0.1%
|
|
|
|
|
Summer BidCo BV
|
|
|
|
|
8.875% Cash or 9.625% PIK,
01/31/2031(a)(b)
|
|
102,807
|
121,444
|
|
8.875% Cash or 9.625% PIK,
01/31/2031(a)(b)
|
|
158,323
|
187,024
|
|
Total Slovenia
|
|
308,468
|
|
|
SOUTH AFRICA—0.6%
|
|
|
|
|
Liquid Telecommunications Financing PLC,
10.75%, 04/14/2031(a)(b)
|
$
|
1,045,000
|
1,089,012
|
|
Petra Diamonds U.S. Treasury PLC, 9.75%,
03/08/2030(a)(b)(d)(e)
|
|
646,607
|
379,039
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
SOUTH AFRICA (continued)
|
|
|
|
|
Sasol Financing USA LLC, 8.75%,
04/10/2033(a)(b)
|
$
|
1,677,000
|
$1,748,272
|
|
Total South Africa
|
|
3,216,323
|
|
|
SPAIN—0.5%
|
|
|
|
|
Abanca Corp. Bancaria SA, (fixed rate to
06/09/2033, variable rate thereafter),
3.75%, 06/09/2034(a)(b)
|
EUR
|
500,000
|
568,649
|
|
Aena SME SA, 3.50%, 01/22/2036(a)(b)
|
|
300,000
|
333,778
|
|
CaixaBank SA, 3.38%, 06/26/2035(a)
|
|
300,000
|
335,085
|
|
Colonial SFL Socimi SA, 3.88%,
04/08/2031(a)(b)
|
|
300,000
|
345,394
|
|
Eroski S Coop, 5.75%, 05/15/2031(a)(b)
|
|
154,000
|
184,004
|
|
Grifols SA, 7.13%, 05/01/2030(a)(b)
|
|
805,000
|
966,371
|
|
Mapfre SA, 3.13%, 01/20/2032(a)(b)
|
|
100,000
|
112,069
|
|
Total Spain
|
|
2,845,350
|
|
|
SWEDEN—0.1%
|
|
|
|
|
Assa Abloy AB, 3.37%, 09/09/2032(a)(b)
|
|
210,000
|
238,282
|
|
Heimstaden AB, 8.38%, 01/29/2030(a)(b)
|
|
258,000
|
311,446
|
|
Intrum Investments & Financing AB,
Series 1, 7.75%, 09/11/2028(a)(b)
|
|
89,621
|
102,714
|
|
Svenska Handelsbanken AB, 3.50%,
04/29/2033(a)
|
|
100,000
|
113,262
|
|
Total Sweden
|
|
765,704
|
|
|
SWITZERLAND—0.8%
|
|
|
|
|
UBS Group AG
|
|
|
|
|
VRN, (fixed rate to 01/08/2031,
variable rate thereafter), 6.63%,
01/08/2031(a)(f)
|
$
|
2,703,000
|
2,695,640
|
|
VRN, (fixed rate to 02/10/2031,
variable rate thereafter), 4.38%,
02/10/2031(a)(f)
|
|
579,000
|
526,433
|
|
(fixed rate to 02/13/2030, variable rate
thereafter), 3.13%, 02/13/2031(a)(b)
|
EUR
|
410,000
|
465,198
|
|
VRN, (fixed rate to 02/11/2032,
variable rate thereafter), 2.75%,
02/11/2033(a)(b)
|
$
|
911,000
|
799,677
|
|
Total Switzerland
|
|
4,486,948
|
|
|
THAILAND—0.3%
|
|
|
|
|
GC Treasury Center Co. Ltd., VRN, (fixed
rate to 03/10/2035, variable rate
thereafter), 7.13%, 03/10/2035(a)(f)
|
|
1,926,000
|
1,894,912
|
|
TOGO—0.3%
|
|
|
|
|
Ecobank Transnational, Inc., VRN, (fixed
rate to 05/19/2031, variable rate
thereafter), 8.88%, 08/19/2036(a)(b)
|
|
1,869,000
|
1,930,936
|
|
TRINIDAD—0.3%
|
|
|
|
|
Port of Spain Waterfront Development,
7.88%, 02/19/2040(a)(b)(c)
|
|
1,821,867
|
1,881,077
|
|
TURKEY—1.7%
|
|
|
|
|
Eregli Demir ve Celik Fabrikalari TAS,
8.38%, 07/23/2029(a)
|
|
1,419,000
|
1,465,103
|
|
Limak Cimento Sanayi ve Ticaret AS,
9.75%, 07/25/2029(a)(b)
|
|
1,036,000
|
1,040,725
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Limak Yenilenebilir Enerji AS, 9.63%,
08/12/2030(a)(b)(c)
|
$
|
1,045,000
|
$1,029,260
|
|
Turkiye Vakiflar Bankasi TAO, VRN, (fixed
rate to 10/06/2030, variable rate
thereafter), 8.20%, 10/06/2030(a)(f)
|
|
1,928,000
|
1,859,640
|
|
WE Soda Investments Holding PLC,
9.38%, 02/14/2031(a)(b)
|
|
1,485,000
|
1,444,645
|
|
Yapi ve Kredi Bankasi AS, VRN, (fixed rate
to 03/11/2031, variable rate thereafter),
7.55%, 06/11/2036(a)(b)
|
|
1,972,000
|
1,923,649
|
|
Zorlu Enerji Elektrik Uretim AS, 11.00%,
04/23/2030(a)(b)(c)
|
|
640,000
|
475,131
|
|
Total Turkey
|
|
9,238,153
|
|
|
UKRAINE—0.9%
|
|
|
|
|
Kernel Holding SA, 6.75%,
10/27/2027(a)(b)
|
|
1,323,000
|
1,290,775
|
|
MHP Lux SA, 10.50%, 07/28/2029(a)(b)(c)
|
|
1,207,000
|
1,254,868
|
|
NAK Naftogaz Ukraine via Kondor Finance
PLC, 7.625% Cash or 7.625% PIK,
01/15/2033(a)(c)
|
|
962,069
|
866,011
|
|
Ukraine Railways Via Rail Capital Markets
PLC, 7.88%, 07/15/2028(a)(b)(d)(e)
|
|
1,691,655
|
1,400,370
|
|
Total Ukraine
|
|
4,812,024
|
|
|
UNITED ARAB EMIRATES—0.5%
|
|
|
|
|
Aldar Properties PJSC, VRN, (fixed rate to
01/15/2032, variable rate thereafter),
6.62%, 01/15/2032(a)(b)
|
|
861,000
|
834,605
|
|
MAF Global Securities Ltd., VRN, (fixed
rate to 11/20/2030, variable rate
thereafter), 5.75%, 11/20/2030(a)(f)
|
|
1,095,000
|
1,020,629
|
|
Sobha Sukuk Ltd., 8.75%, 07/17/2028(a)(b)
|
|
833,000
|
817,533
|
|
Total United Arab Emirates
|
|
2,672,767
|
|
|
UNITED KINGDOM—3.4%
|
|
|
|
|
180 Medical, Inc., 5.30%, 10/08/2035(a)(b)
|
|
1,000,000
|
956,815
|
|
888 Acquisitions Ltd., 10.75%,
05/15/2030(a)(b)
|
GBP
|
100,000
|
140,098
|
|
AA Bond Co. Ltd., 5.50%, 07/31/2050(a)(b)
|
|
329,000
|
433,305
|
|
Arqiva Broadcast Finance PLC, 8.63%,
07/01/2030(a)(b)
|
|
572,000
|
691,433
|
|
Avianca Midco 2 PLC, 10.25%,
01/07/2032(a)(b)
|
$
|
1,509,000
|
1,414,582
|
|
Barclays PLC, VRN, (fixed rate to
09/15/2031, variable rate thereafter),
8.38%, 09/15/2031(a)(f)
|
GBP
|
1,401,000
|
2,008,666
|
|
BAT Capital Corp., 7.08%, 08/02/2043(b)
|
$
|
400,000
|
431,060
|
|
BAT International Finance PLC
|
|
|
|
|
3.38%, 05/11/2029(a)(b)
|
EUR
|
280,000
|
322,182
|
|
4.13%, 04/12/2032(a)(b)
|
|
265,000
|
308,435
|
|
BUPA Finance PLC, 6.63%,
11/18/2045(a)(b)
|
GBP
|
210,000
|
272,004
|
|
Edge Finco PLC, 8.13%, 08/15/2031(a)(b)
|
|
114,000
|
159,314
|
|
Flutter Treasury DAC
|
|
|
|
|
6.38%, 04/29/2029(a)(b)
|
$
|
255,000
|
258,151
|
|
5.88%, 06/04/2031(a)(b)
|
|
600,000
|
591,076
|
|
6.13%, 06/04/2031(a)(b)
|
GBP
|
240,000
|
319,628
|
|
Hammerson PLC, 3.50%, 04/15/2032(a)(b)
|
EUR
|
540,000
|
602,497
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED KINGDOM (continued)
|
|
|
|
|
Heathrow Funding Ltd.
|
|
|
|
|
5.63%, 02/05/2034(a)(b)
|
GBP
|
270,000
|
$347,817
|
|
3.88%, 01/16/2038(a)(b)
|
EUR
|
100,000
|
110,975
|
|
5.88%, 05/13/2043(a)
|
GBP
|
200,000
|
249,705
|
|
HSBC Holdings PLC
|
|
|
|
|
VRN, (fixed rate to 11/18/2032, variable
rate thereafter), Series 1, 6.75%,
11/18/2032(f)
|
$
|
213,000
|
211,422
|
|
(fixed rate to 05/12/2035, variable rate
thereafter), 4.09%, 05/12/2036(a)(b)
|
EUR
|
260,000
|
297,892
|
|
(fixed rate to 03/10/2036, variable rate
thereafter), 5.28%, 03/10/2037(b)
|
$
|
318,000
|
307,711
|
|
Imperial Brands Finance PLC
|
|
|
|
|
3.88%, 08/02/2033(a)(b)
|
EUR
|
430,000
|
483,846
|
|
5.50%, 07/07/2036(a)(b)
|
$
|
550,000
|
534,847
|
|
Lloyds Banking Group PLC, VRN, (fixed
rate to 09/16/2031, variable rate
thereafter), 5.63%, 09/16/2036(a)(b)
|
GBP
|
361,000
|
480,549
|
|
Lseg Netherlands BV, 3.00%,
11/06/2031(a)(b)
|
EUR
|
350,000
|
389,959
|
|
Macquarie Airfinance Holdings Ltd.
|
|
|
|
|
5.15%, 03/17/2030(a)(b)
|
$
|
255,000
|
252,636
|
|
6.50%, 03/26/2031(a)(b)
|
|
230,000
|
238,744
|
|
NatWest Markets PLC, 3.13%,
01/13/2031(a)
|
EUR
|
100,000
|
112,995
|
|
Pinnacle Bidco PLC, 10.00%,
10/11/2028(a)(b)
|
GBP
|
114,000
|
159,021
|
|
RELX Finance BV, 3.25%, 05/22/2029(a)(b)
|
EUR
|
240,000
|
275,903
|
|
Rolls-Royce Holdings PLC, 3.88%,
05/20/2036(a)(b)
|
|
310,000
|
354,108
|
|
Santander U.K. Group Holdings PLC, (fixed
rate to 09/22/2028, variable rate
thereafter), 4.32%, 09/22/2029(b)
|
$
|
1,500,000
|
1,481,099
|
|
Scottish Hydro Electric Transmission PLC,
3.38%, 11/02/2033(a)(b)
|
EUR
|
550,000
|
612,185
|
|
Smiths Group PLC, 3.63%,
11/13/2033(a)(b)
|
|
280,000
|
312,402
|
|
Stonegate Pub Co. Financing PLC, 10.75%,
07/31/2029(a)(b)
|
GBP
|
940,000
|
1,287,293
|
|
Swiss RE Subordinated Finance PLC, (fixed
rate to 01/05/2034, variable rate
thereafter), 5.70%, 04/05/2035(a)(b)
|
$
|
800,000
|
793,595
|
|
Virgin Media Finance PLC, 5.00%,
07/15/2030(a)(b)
|
|
1,235,000
|
759,932
|
|
Total United Kingdom
|
|
18,963,882
|
|
|
UNITED STATES—55.4%
|
|
|
|
|
1261229 BC Ltd., 10.00%,
04/15/2032(a)(b)
|
|
2,165,000
|
2,213,167
|
|
Abbott Laboratories, 4.65%,
03/15/2036(b)
|
|
648,000
|
615,568
|
|
AbbVie, Inc.
|
|
|
|
|
4.40%, 03/15/2033(b)
|
|
472,000
|
454,875
|
|
5.35%, 03/15/2044(b)
|
|
467,000
|
438,460
|
|
5.40%, 03/15/2054(b)
|
|
333,000
|
304,782
|
|
Academy Ltd., 5.88%, 05/15/2031(a)(b)
|
|
2,683,000
|
2,654,051
|
|
Acushnet Co., 5.63%, 12/01/2033(a)(b)
|
|
1,665,000
|
1,632,515
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
AEP Texas, Inc.
|
|
|
|
|
5.70%, 05/15/2034(b)
|
$
|
451,000
|
$456,188
|
|
Series Q, 5.20%, 04/15/2036(b)
|
|
30,000
|
28,984
|
|
AEP Transmission Co. LLC, 5.38%,
06/15/2035(b)
|
|
424,000
|
421,400
|
|
Albertsons Cos., Inc./Safeway, Inc./New
Albertsons LP/Albertsons LLC, 6.25%,
03/15/2033(a)(b)
|
|
2,747,000
|
2,660,664
|
|
Alexander Funding Trust II, 7.47%,
07/31/2028(a)(b)
|
|
1,500,000
|
1,562,171
|
|
Alexandria Real Estate Equities, Inc.,
5.25%, 03/15/2036(b)
|
|
1,500,000
|
1,438,780
|
|
Ally Financial, Inc., VRN, (fixed rate to
08/15/2031, variable rate thereafter),
Series D, 7.10%, 08/15/2031(f)
|
|
2,637,000
|
2,651,989
|
|
Alphabet, Inc., 4.80%, 02/15/2036(b)
|
|
1,200,000
|
1,151,377
|
|
Amazon.com, Inc.
|
|
|
|
|
3.70%, 03/16/2035(b)
|
EUR
|
100,000
|
112,853
|
|
4.05%, 03/16/2039(b)
|
|
341,000
|
382,657
|
|
5.80%, 03/13/2056(b)
|
$
|
692,000
|
636,295
|
|
American International Group, Inc., 5.13%,
03/27/2033(b)
|
|
817,000
|
810,961
|
|
American Tower Corp., 4.00%,
09/01/2033(b)
|
EUR
|
300,000
|
345,680
|
|
American Transmission Systems, Inc.,
2.65%, 01/15/2032(a)(b)
|
$
|
86,000
|
76,091
|
|
Ameritex Holdco Intermediate LLC,
7.63%, 08/15/2033(a)(b)
|
|
1,437,000
|
1,479,492
|
|
Antero Resources Corp., 5.40%,
02/01/2036(b)
|
|
800,000
|
769,735
|
|
APA Corp.
|
|
|
|
|
6.10%, 02/15/2035(b)
|
|
110,000
|
111,674
|
|
6.75%, 02/15/2055(b)
|
|
202,000
|
201,949
|
|
APLD ComputeCo 2 LLC, 6.75%,
03/15/2031(a)(b)(c)
|
|
680,000
|
664,706
|
|
APLD ComputeCo LLC, 9.25%,
12/15/2030(a)(b)(c)
|
|
934,000
|
992,614
|
|
Apollo Global Management, Inc., 5.70%,
03/30/2036(b)
|
|
750,000
|
740,016
|
|
Arthur J Gallagher & Co.
|
|
|
|
|
5.00%, 02/15/2032(b)
|
|
91,000
|
90,239
|
|
6.50%, 02/15/2034(b)
|
|
135,000
|
142,998
|
|
5.75%, 03/02/2053(b)
|
|
274,000
|
252,245
|
|
Asurion LLC/Asurion Co-Issuer, Inc.
|
|
|
|
|
8.00%, 12/31/2032(a)(b)
|
|
1,437,000
|
1,453,707
|
|
8.38%, 02/01/2034(a)(b)
|
|
1,036,000
|
943,907
|
|
AT&T, Inc.
|
|
|
|
|
5.25%, 10/30/2036(b)
|
|
600,000
|
572,093
|
|
3.55%, 09/15/2055(b)
|
|
1,400,000
|
839,696
|
|
Azorra Finance Ltd., 7.75%,
04/15/2030(a)(b)
|
|
1,484,000
|
1,535,944
|
|
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc., 5.00%, 06/15/2036(b)
|
|
1,000,000
|
959,882
|
|
Ball Corp.
|
|
|
|
|
6.00%, 06/15/2029(b)
|
|
920,000
|
932,447
|
|
2.88%, 08/15/2030(b)
|
|
1,966,000
|
1,777,837
|
|
Bank of America Corp.
|
|
|
|
|
(fixed rate to 04/25/2028, variable rate
thereafter), 5.20%, 04/25/2029(b)
|
|
708,000
|
713,727
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Bank of America Corp. (continued)
|
|
|
|
|
(fixed rate to 05/09/2035, variable rate
thereafter), 5.46%, 05/09/2036(b)
|
$
|
730,000
|
$729,014
|
|
(fixed rate to 04/23/2036, variable rate
thereafter), 5.49%, 04/23/2037(b)
|
|
700,000
|
681,966
|
|
Bausch & Lomb Corp., 8.38%,
10/01/2028(a)(b)
|
|
1,071,000
|
1,097,775
|
|
Baxter International, Inc.
|
|
|
|
|
4.90%, 12/15/2030(b)
|
|
144,000
|
141,298
|
|
5.65%, 12/15/2035(b)
|
|
170,000
|
166,149
|
|
Beacon Point DC LLC, 6.13%,
11/30/2042(a)(b)(c)
|
|
416,000
|
399,165
|
|
Becton Dickinson & Co., 4.87%,
02/08/2029(b)
|
|
446,000
|
447,073
|
|
Becton Dickinson Euro Finance SARL,
1.34%, 08/13/2041(b)
|
EUR
|
590,000
|
444,177
|
|
Berkshire Hathaway Energy Co.
|
|
|
|
|
5.15%, 11/15/2043(b)
|
$
|
114,000
|
103,309
|
|
4.60%, 05/01/2053(b)
|
|
96,000
|
76,127
|
|
Black Pearl Compute LLC, 6.13%,
02/15/2031(a)(b)
|
|
1,976,000
|
1,972,688
|
|
Blackstone Private Credit Fund, 5.95%,
05/15/2031(b)
|
|
1,000,000
|
979,192
|
|
Blackstone Secured Lending Fund, 5.35%,
04/13/2028(b)
|
|
330,000
|
328,272
|
|
Block, Inc., 6.50%, 05/15/2032(b)
|
|
2,633,000
|
2,660,130
|
|
Boeing Co.
|
|
|
|
|
6.39%, 05/01/2031(b)
|
|
460,000
|
483,920
|
|
5.81%, 05/01/2050(b)
|
|
579,000
|
546,922
|
|
Booking Holdings, Inc.
|
|
|
|
|
3.00%, 11/07/2030(b)
|
EUR
|
100,000
|
112,429
|
|
4.00%, 05/11/2034(b)
|
|
360,000
|
410,828
|
|
Boston Gas Co., 5.84%, 01/10/2035(a)(b)
|
$
|
594,000
|
601,917
|
|
Boston Properties LP, 2.75%,
10/01/2026(b)
|
|
23,000
|
22,940
|
|
BP Capital Markets BV, 0.93%,
12/04/2040(a)
|
EUR
|
440,000
|
320,699
|
|
BP Capital Markets PLC, VRN, (fixed rate
to 11/19/2029, variable rate thereafter),
6.00%, 11/19/2029(a)(f)
|
GBP
|
280,000
|
380,575
|
|
Bristol-Myers Squibb Co., 6.25%,
11/15/2053(b)
|
$
|
600,000
|
612,780
|
|
Broadcom, Inc.
|
|
|
|
|
3.50%, 02/15/2041(b)
|
|
500,000
|
377,050
|
|
5.70%, 01/15/2056(b)
|
|
697,000
|
622,704
|
|
Broadridge Financial Solutions, Inc.,
5.75%, 05/15/2036(b)
|
|
800,000
|
788,145
|
|
Builders FirstSource, Inc., 6.75%,
05/15/2035(a)(b)
|
|
2,642,000
|
2,615,736
|
|
Burlington Northern Santa Fe LLC, 5.50%,
03/15/2055(b)
|
|
666,000
|
616,151
|
|
Cable One, Inc., 4.00%, 11/15/2030(a)(b)
|
|
983,000
|
365,474
|
|
Campbell's Co., 5.40%, 03/21/2034(b)
|
|
1,500,000
|
1,449,863
|
|
Capital One Financial Corp., (fixed rate to
01/30/2035, variable rate thereafter),
6.18%, 01/30/2036(b)
|
|
750,000
|
752,170
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Carlyle Group, Inc., 5.05%, 09/19/2035(b)
|
$
|
523,000
|
$497,423
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
|
4.75%, 03/01/2030(a)(b)
|
|
2,703,000
|
2,525,482
|
|
4.50%, 08/15/2030(a)(b)
|
|
1,398,000
|
1,275,538
|
|
4.50%, 05/01/2032(b)
|
|
1,522,000
|
1,312,552
|
|
CD&R Smokey Buyer, Inc./Radio Systems
Corp., 9.50%, 10/15/2029(a)(b)
|
|
1,089,000
|
534,402
|
|
Centene Corp.
|
|
|
|
|
4.63%, 12/15/2029(b)
|
|
589,000
|
571,411
|
|
3.00%, 10/15/2030(b)
|
|
943,000
|
847,428
|
|
Charles Schwab Corp., (fixed rate to
11/14/2035, variable rate thereafter),
4.91%, 11/14/2036(b)
|
|
674,000
|
643,939
|
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
|
|
|
|
|
6.10%, 06/01/2029(b)
|
|
768,000
|
779,432
|
|
6.65%, 02/01/2034(b)
|
|
123,000
|
122,270
|
|
6.38%, 10/23/2035(b)
|
|
609,000
|
589,334
|
|
6.48%, 10/23/2045(b)
|
|
195,000
|
169,083
|
|
Cheniere Energy Partners LP
|
|
|
|
|
5.55%, 10/30/2035(b)
|
|
368,000
|
365,582
|
|
6.05%, 11/30/2056(a)(b)
|
|
369,000
|
354,322
|
|
CHS/Community Health Systems, Inc.
|
|
|
|
|
6.13%, 04/01/2030(a)(b)
|
|
751,000
|
630,965
|
|
5.25%, 05/15/2030(a)(b)
|
|
1,538,000
|
1,420,207
|
|
Cigna Group, 5.60%, 02/15/2054(b)
|
|
750,000
|
691,769
|
|
Citadel Securities Global Holdings LLC,
5.75%, 03/27/2036(a)(b)
|
|
500,000
|
486,892
|
|
Clarios Global LP/Clarios U.S. Finance Co.
|
|
|
|
|
6.75%, 02/15/2030(a)(b)
|
|
224,000
|
229,688
|
|
4.75%, 06/15/2031(a)(b)
|
EUR
|
711,000
|
821,403
|
|
6.75%, 09/15/2032(a)(b)
|
$
|
363,000
|
365,727
|
|
Clean Harbors, Inc.
|
|
|
|
|
6.38%, 02/01/2031(a)(b)
|
|
205,000
|
207,103
|
|
5.75%, 10/15/2033(a)(b)
|
|
1,791,000
|
1,780,579
|
|
Clearway Energy Operating LLC
|
|
|
|
|
3.75%, 02/15/2031(a)(b)
|
|
1,604,000
|
1,471,346
|
|
5.75%, 01/15/2034(a)(b)
|
|
819,000
|
789,721
|
|
Cloud Software Group LLC
|
|
|
|
|
9.00%, 09/30/2029(a)(b)
|
|
362,000
|
354,670
|
|
8.25%, 06/30/2032(a)(b)
|
|
1,591,000
|
1,505,066
|
|
6.63%, 08/15/2033(a)(b)
|
|
964,000
|
840,463
|
|
CNX Resources Corp., 7.25%,
03/01/2032(a)(b)
|
|
1,458,000
|
1,499,396
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
|
6.04%, 11/15/2033(a)(b)
|
|
18,000
|
18,599
|
|
6.54%, 11/15/2053(a)(b)
|
|
438,000
|
446,123
|
|
Columbus McKinnon Corp., 7.13%,
02/01/2033(a)(b)
|
|
1,059,000
|
1,066,942
|
|
Comcast Corp., 6.05%, 05/15/2055(b)
|
|
382,000
|
345,513
|
|
Constellation Energy Generation LLC
|
|
|
|
|
4.63%, 02/01/2029(a)(b)
|
|
230,000
|
228,384
|
|
4.63%, 02/01/2029(b)
|
|
738,000
|
732,815
|
|
5.30%, 06/01/2036(b)
|
|
800,000
|
777,332
|
|
Corebridge Financial, Inc., 4.35%,
04/05/2042(b)
|
|
269,000
|
220,204
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Corebridge Global Funding, 4.90%,
08/21/2032(a)
|
$
|
352,000
|
$343,584
|
|
CoreWeave, Inc.
|
|
|
|
|
9.25%, 06/01/2030(a)(b)
|
|
642,000
|
599,985
|
|
9.75%, 10/01/2031(a)(b)
|
|
1,161,000
|
1,053,448
|
|
Cornerstone Building Brands, Inc., 9.50%,
08/15/2029(a)(b)
|
|
570,000
|
292,764
|
|
Cousins Properties LP, 5.88%,
10/01/2034(b)
|
|
760,000
|
765,661
|
|
Crescent Energy Finance LLC, 7.63%,
04/01/2032(a)(b)
|
|
1,304,000
|
1,317,755
|
|
Crh Finance U.K. PLC, 4.13%,
12/02/2029(a)(b)
|
GBP
|
100,000
|
130,486
|
|
Crown Americas LLC, 5.88%,
06/01/2033(b)
|
$
|
1,167,000
|
1,164,624
|
|
CSC Holdings LLC
|
|
|
|
|
5.38%, 02/01/2028(a)(b)
|
|
1,700,000
|
985,294
|
|
5.75%, 01/15/2030(a)(b)
|
|
775,000
|
166,625
|
|
CVS Health Corp., 5.13%, 07/20/2045(b)
|
|
800,000
|
695,263
|
|
Delek Logistics Partners LP/Delek Logistics
Finance Corp.
|
|
|
|
|
8.63%, 03/15/2029(a)(b)
|
|
911,000
|
945,468
|
|
7.38%, 06/30/2033(a)(b)
|
|
684,000
|
699,493
|
|
Dick's Sporting Goods, Inc., 4.10%,
01/15/2052(b)
|
|
676,000
|
466,995
|
|
Directv Financing LLC, 8.88%,
02/01/2030(a)(b)
|
|
517,000
|
524,760
|
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc.
|
|
|
|
|
10.00%, 02/15/2031(a)(b)
|
|
369,000
|
385,581
|
|
9.25%, 06/01/2032(a)(b)
|
|
1,961,000
|
2,006,662
|
|
Discovery Global Holdings, Inc.
|
|
|
|
|
4.28%, 03/15/2032(b)
|
|
233,000
|
207,037
|
|
5.05%, 03/15/2042(b)
|
|
1,301,000
|
904,195
|
|
Dotdash Meredith, Inc., 7.63%,
06/15/2032(a)(b)
|
|
1,094,000
|
1,026,380
|
|
Duke Energy Carolinas LLC, 4.95%,
01/15/2033(b)
|
|
720,000
|
713,721
|
|
Duke Energy Florida LLC, 6.20%,
11/15/2053(b)
|
|
547,000
|
551,797
|
|
Eastern Energy Gas Holdings LLC, 5.65%,
10/15/2054(b)
|
|
474,000
|
432,014
|
|
Eaton Corp.
|
|
|
|
|
4.50%, 03/06/2033(b)
|
|
200,000
|
193,135
|
|
4.80%, 03/06/2036(b)
|
|
234,000
|
224,277
|
|
Eli Lilly & Co., 5.50%, 02/12/2055(b)
|
|
455,000
|
428,127
|
|
ELK Grove Village Property LLC, 7.50%,
06/15/2031(a)(b)(c)
|
|
1,381,000
|
1,330,252
|
|
Encompass Health Corp.
|
|
|
|
|
4.75%, 02/01/2030(b)
|
|
1,615,000
|
1,579,427
|
|
4.63%, 04/01/2031(b)
|
|
506,000
|
487,041
|
|
5.88%, 06/01/2034(a)(b)
|
|
458,000
|
453,445
|
|
Energizer Holdings, Inc.
|
|
|
|
|
4.38%, 03/31/2029(a)(b)
|
|
985,000
|
948,640
|
|
6.00%, 09/15/2033(a)(b)
|
|
463,000
|
438,737
|
|
Energy Transfer LP, 5.95%, 05/15/2054(b)
|
|
733,000
|
673,231
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Equitable America Global Funding, 5.13%,
06/15/2031(a)
|
$
|
655,000
|
$650,588
|
|
ERAC USA Finance LLC, 5.25%,
04/30/2036(a)(b)
|
|
627,000
|
613,402
|
|
Esab Corp., 5.63%, 04/01/2031(a)(b)
|
|
1,410,000
|
1,392,953
|
|
Eversource Energy, 5.50%, 01/01/2034(b)
|
|
294,000
|
294,255
|
|
Exxon Mobil Corp., 1.41%, 06/26/2039(b)
|
EUR
|
550,000
|
454,870
|
|
Fair Isaac Corp., 6.00%, 05/15/2033(a)(b)
|
$
|
2,299,000
|
2,225,103
|
|
Ferguson Enterprises, Inc., 5.00%,
10/03/2034(b)
|
|
600,000
|
582,523
|
|
Ferrovial NV, 3.63%, 09/18/2032(a)(b)
|
EUR
|
400,000
|
454,627
|
|
Fidelity National Information Services,
Inc., 4.55%, 03/10/2029(b)
|
$
|
1,000,000
|
991,003
|
|
Figure Technology Solutions, Inc., 8.50%,
07/31/2031(a)(b)
|
|
971,000
|
955,701
|
|
Fiserv, Inc., 5.35%, 03/15/2031(b)
|
|
1,200,000
|
1,199,137
|
|
Flash Compute LLC, 7.25%,
12/31/2030(a)(b)(c)
|
|
946,000
|
955,292
|
|
Florida Power & Light Co., 2.88%,
12/04/2051(b)
|
|
46,000
|
27,287
|
|
Ford Motor Co., 6.10%, 08/19/2032(b)
|
|
42,000
|
42,538
|
|
Ford Motor Credit Co. LLC
|
|
|
|
|
3.31%, 05/17/2029
|
EUR
|
300,000
|
340,570
|
|
5.73%, 09/05/2030(b)
|
$
|
400,000
|
400,173
|
|
5.75%, 04/06/2033(b)
|
|
227,000
|
223,055
|
|
Fox Corp., 6.50%, 10/13/2033(b)
|
|
1,500,000
|
1,574,462
|
|
Galaxy Helios Data Centers II LLC, 9.88%,
08/01/2031(a)(b)
|
|
1,619,000
|
1,623,404
|
|
General Motors Financial Co., Inc., 6.10%,
01/07/2034(b)
|
|
800,000
|
822,828
|
|
Genting New York LLC/GENNY Capital,
Inc., 7.25%, 10/01/2029(a)(b)
|
|
1,290,000
|
1,319,944
|
|
Georgia Power Co., 4.95%, 05/17/2033(b)
|
|
320,000
|
316,420
|
|
Goldman Sachs Group, Inc.
|
|
|
|
|
(fixed rate to 10/23/2029, variable rate
thereafter), 4.69%, 10/23/2030(b)
|
|
742,000
|
733,563
|
|
(fixed rate to 10/23/2034, variable rate
thereafter), 5.02%, 10/23/2035(b)
|
|
466,000
|
448,405
|
|
(fixed rate to 01/21/2036, variable rate
thereafter), 5.07%, 01/21/2037(b)
|
|
461,000
|
439,081
|
|
(fixed rate to 07/21/2056, variable rate
thereafter), 6.22%, 07/21/2057(b)
|
|
338,000
|
334,765
|
|
Goldman Sachs Private Credit Corp.,
6.15%, 06/16/2031(a)(b)
|
|
289,000
|
285,258
|
|
Goodyear Tire & Rubber Co., 8.88%,
07/15/2032(b)
|
|
2,636,000
|
2,705,490
|
|
Graphic Packaging International LLC,
6.38%, 07/15/2032(a)(b)
|
|
2,688,000
|
2,683,673
|
|
HCA, Inc.
|
|
|
|
|
4.90%, 11/15/2035(b)
|
|
666,000
|
630,225
|
|
5.13%, 06/15/2039(b)
|
|
29,000
|
26,850
|
|
5.70%, 11/15/2055(b)
|
|
271,000
|
243,611
|
|
Highwoods Realty LP, 5.35%,
01/15/2033(b)
|
|
523,000
|
512,679
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.,
6.88%, 05/15/2034(a)(b)
|
|
1,361,000
|
1,333,043
|
|
Hilton Domestic Operating Co., Inc.
|
|
|
|
|
4.88%, 01/15/2030(b)
|
|
2,439,000
|
2,404,441
|
|
5.50%, 09/15/2031(a)(b)
|
|
181,000
|
179,334
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Hilton Domestic Operating Co.,
Inc. (continued)
|
|
|
|
|
5.88%, 03/15/2033(a)(b)
|
$
|
595,000
|
$594,830
|
|
Home Depot, Inc.
|
|
|
|
|
4.88%, 02/15/2044(b)
|
|
129,000
|
114,216
|
|
3.63%, 04/15/2052(b)
|
|
505,000
|
346,496
|
|
Honeywell Aerospace, Inc.
|
|
|
|
|
4.60%, 03/16/2033(a)(b)
|
|
650,000
|
628,418
|
|
4.95%, 03/16/2036(a)(b)
|
|
350,000
|
337,395
|
|
Host Hotels & Resorts LP, Series H,
3.38%, 12/15/2029(b)
|
|
1,500,000
|
1,422,195
|
|
Howard University, Series 22A, 5.21%,
10/01/2052(b)(c)
|
|
4,000,000
|
3,210,151
|
|
Hyundai Capital America
|
|
|
|
|
5.25%, 01/08/2027(a)
|
|
244,000
|
244,798
|
|
4.50%, 09/18/2030(a)(b)
|
|
1,034,000
|
1,006,802
|
|
Icahn Enterprises LP/Icahn Enterprises
Finance Corp.
|
|
|
|
|
9.75%, 01/15/2029(b)
|
|
1,177,000
|
1,172,118
|
|
10.00%, 11/15/2029(a)(b)
|
|
504,000
|
504,829
|
|
Intel Corp.
|
|
|
|
|
5.00%, 08/15/2033(b)
|
|
1,000,000
|
972,177
|
|
5.70%, 02/10/2053(b)
|
|
303,000
|
268,928
|
|
ION Platform Finance U.S., Inc., 7.88%,
09/30/2032(a)(b)
|
|
1,261,000
|
998,728
|
|
Iron Mountain, Inc.
|
|
|
|
|
5.63%, 07/15/2032(a)(b)
|
|
1,715,000
|
1,678,406
|
|
6.25%, 01/15/2033(a)(b)
|
|
1,003,000
|
1,006,854
|
|
4.75%, 01/15/2034(a)(b)
|
EUR
|
150,000
|
168,305
|
|
J&F Luxembourg Finance SARL, 8.00%,
04/23/2033(a)(b)
|
$
|
1,086,000
|
1,042,560
|
|
Jackson Financial, Inc., 6.15%,
01/15/2037(b)
|
|
1,000,000
|
977,542
|
|
Jane Street Group/JSG Finance, Inc.,
6.13%, 11/01/2032(a)(b)
|
|
3,545,000
|
3,527,273
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings
|
|
|
|
|
5.50%, 01/15/2036(b)
|
|
389,000
|
379,506
|
|
6.50%, 12/01/2052(b)
|
|
475,000
|
459,213
|
|
Jefferies Financial Group, Inc., 5.50%,
02/15/2036(b)
|
|
513,000
|
485,448
|
|
Jersey Central Power & Light Co.
|
|
|
|
|
2.75%, 03/01/2032(a)(b)
|
|
214,000
|
188,461
|
|
5.10%, 01/15/2035(b)
|
|
127,000
|
124,125
|
|
JH North America Holdings, Inc.
|
|
|
|
|
5.88%, 01/31/2031(a)(b)
|
|
216,000
|
215,533
|
|
6.13%, 07/31/2032(a)(b)
|
|
301,000
|
301,235
|
|
Johnson & Johnson, 3.70%, 02/26/2055(b)
|
EUR
|
310,000
|
315,119
|
|
JPMorgan Chase & Co.
|
|
|
|
|
(fixed rate to 04/22/2029, variable rate
thereafter), 5.58%, 04/22/2030(b)
|
$
|
389,000
|
395,485
|
|
(fixed rate to 10/22/2029, variable rate
thereafter), 4.60%, 10/22/2030(b)
|
|
546,000
|
540,498
|
|
(fixed rate to 02/04/2031, variable rate
thereafter), 1.95%, 02/04/2032(b)
|
|
626,000
|
547,237
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
JPMorgan Chase & Co. (continued)
|
|
|
|
|
(fixed rate to 01/24/2035, variable rate
thereafter), 5.50%, 01/24/2036(b)
|
$
|
866,000
|
$867,236
|
|
VRN, (fixed rate to 07/23/2036,
variable rate thereafter), 5.80%,
07/23/2041(b)
|
|
800,000
|
791,919
|
|
(fixed rate to 04/22/2051, variable rate
thereafter), 3.33%, 04/22/2052(b)
|
|
28,000
|
18,359
|
|
Kodiak Gas Services LLC, 6.75%,
10/01/2035(a)(b)
|
|
1,942,000
|
1,956,749
|
|
Kraft Heinz Foods Co., 4.38%,
06/01/2046(b)
|
|
597,000
|
459,463
|
|
Kraken Oil & Gas Partners LLC
|
|
|
|
|
7.63%, 08/15/2029(a)(b)
|
|
840,000
|
848,205
|
|
7.13%, 05/15/2031(a)(b)
|
|
476,000
|
469,426
|
|
Kroger Co., 5.50%, 09/15/2054(b)
|
|
384,000
|
345,559
|
|
LBM Acquisition LLC, 6.25%,
01/15/2029(a)(b)
|
|
724,000
|
463,917
|
|
Liberty Mutual Group, Inc., 3.88%,
09/26/2035(a)(b)
|
EUR
|
100,000
|
111,854
|
|
Lincoln National Corp., 5.35%,
11/15/2035(b)
|
$
|
1,000,000
|
965,999
|
|
Lowe's Cos., Inc., 4.25%, 04/01/2052(b)
|
|
800,000
|
595,345
|
|
M&T Bank Corp.
|
|
|
|
|
(fixed rate to 08/16/2027, variable rate
thereafter), 4.55%, 08/16/2028(b)
|
|
301,000
|
300,414
|
|
(fixed rate to 03/13/2031, variable rate
thereafter), 6.08%, 03/13/2032(b)
|
|
412,000
|
425,779
|
|
Macy's Retail Holdings LLC
|
|
|
|
|
5.88%, 03/15/2030(a)(b)
|
|
86,000
|
85,380
|
|
7.38%, 08/01/2033(a)(b)
|
|
1,871,000
|
1,946,945
|
|
MajorDrive Holdings IV LLC, 6.38%,
06/01/2029(a)(b)
|
|
1,282,000
|
1,048,333
|
|
Maple Parent Holdings Corp., 4.73%,
03/26/2035(a)(b)
|
EUR
|
380,000
|
441,263
|
|
Marriott Ownership Resorts, Inc., 6.50%,
10/01/2033(a)(b)
|
$
|
1,335,000
|
1,312,890
|
|
Mars, Inc.
|
|
|
|
|
4.80%, 03/01/2030(a)(b)
|
|
289,000
|
288,016
|
|
5.20%, 03/01/2035(a)(b)
|
|
597,000
|
588,777
|
|
5.70%, 05/01/2055(a)(b)
|
|
448,000
|
422,770
|
|
Marsh & McLennan Cos., Inc., 5.40%,
03/15/2055(b)
|
|
315,000
|
283,094
|
|
Men's Wearhouse LLC, 9.00%,
02/01/2031(a)(b)
|
|
727,000
|
775,296
|
|
Merck & Co., Inc., 4.75%, 12/04/2035(b)
|
|
543,000
|
521,416
|
|
Meridian Arc Holdco LLC, 6.25%,
04/30/2031(a)(b)
|
|
1,770,000
|
1,700,674
|
|
Meta Platforms, Inc., 5.75%, 11/15/2065(b)
|
|
500,000
|
412,298
|
|
Midcontinent Communications, 8.00%,
08/15/2032(a)(b)
|
|
1,522,000
|
1,292,536
|
|
Miter Brands Acquisition Holdco,
Inc./MIWD Borrower LLC, 6.75%,
04/01/2032(a)(b)
|
|
403,000
|
396,792
|
|
MIWD Holdco II LLC/MIWD Finance Corp.,
5.50%, 02/01/2030(a)(b)
|
|
1,198,000
|
1,108,682
|
|
Molson Coors Beverage Co., 5.00%,
05/01/2042
|
|
700,000
|
612,588
|
|
Moog, Inc., 5.50%, 10/15/2034(a)(b)
|
|
1,285,000
|
1,243,142
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Morgan Stanley
|
|
|
|
|
(fixed rate to 04/01/2030, variable rate
thereafter), 3.62%, 04/01/2031(b)
|
$
|
704,000
|
$670,171
|
|
(fixed rate to 07/21/2033, variable rate
thereafter), 5.42%, 07/21/2034(b)
|
|
1,075,000
|
1,072,937
|
|
(fixed rate to 07/17/2036, variable rate
thereafter), 5.61%, 07/17/2037(b)
|
|
1,000,000
|
993,984
|
|
Mylan, Inc., 4.55%, 04/15/2028(b)
|
|
1,000,000
|
992,354
|
|
National Grid North America, Inc., 3.92%,
06/03/2035(a)(b)
|
EUR
|
410,000
|
462,847
|
|
NCL Corp. Ltd., 6.25%, 09/15/2033(a)(b)
|
$
|
2,742,000
|
2,606,408
|
|
Netflix, Inc., 5.40%, 08/15/2054(b)
|
|
750,000
|
688,384
|
|
New Enterprise Stone & Lime Co., Inc.,
9.75%, 07/15/2028(a)(b)
|
|
478,000
|
479,313
|
|
New York Life Insurance Co., 5.88%,
05/15/2033(a)
|
|
1,200,000
|
1,227,622
|
|
News Corp., 3.88%, 05/15/2029(a)(b)
|
|
682,000
|
657,114
|
|
Northern States Power Co., 5.05%,
05/15/2035(b)
|
|
380,000
|
372,814
|
|
Northwestern Mutual Life Insurance Co.,
6.17%, 05/29/2055(a)(b)
|
|
482,000
|
474,279
|
|
NRG Energy, Inc.
|
|
|
|
|
5.75%, 01/15/2034(a)(b)
|
|
1,923,000
|
1,872,816
|
|
6.00%, 01/15/2036(a)(b)
|
|
1,545,000
|
1,511,589
|
|
NuStar Logistics LP, 6.38%, 10/01/2030(b)
|
|
1,458,000
|
1,487,385
|
|
NVIDIA Corp., 5.63%, 06/15/2056(b)
|
|
900,000
|
814,401
|
|
NY Society for Relief of Ruptured &
Crippled Maintaining Hosp Special
Surgery, Series 2020, 2.67%,
10/01/2050(b)
|
|
395,000
|
228,789
|
|
OAK-Eagle Acquireco, Inc., 8.75%,
07/01/2034(a)(b)
|
|
1,868,000
|
1,967,914
|
|
Occidental Petroleum Corp., 6.45%,
09/15/2036
|
|
298,000
|
313,649
|
|
Oncor Electric Delivery Co. LLC, VRN,
(fixed rate to 08/28/2031, variable rate
thereafter), 4.55%, 11/26/2056(a)(b)
|
EUR
|
337,000
|
388,307
|
|
Oracle Corp.
|
|
|
|
|
4.95%, 02/04/2031(b)
|
$
|
1,100,000
|
1,050,684
|
|
5.35%, 05/04/2033(b)
|
|
313,000
|
294,135
|
|
4.70%, 09/27/2034(b)
|
|
680,000
|
596,496
|
|
4.00%, 07/15/2046(b)
|
|
427,000
|
271,256
|
|
6.00%, 08/03/2055(b)
|
|
250,000
|
200,478
|
|
Owens-Brockway Glass Container, Inc.
|
|
|
|
|
7.25%, 05/15/2031(a)(b)
|
|
526,000
|
497,977
|
|
9.50%, 06/01/2033(a)(b)
|
|
1,321,000
|
1,299,630
|
|
Pacific Gas & Electric Co., 6.40%,
06/15/2033(b)
|
|
103,000
|
107,722
|
|
PennyMac Financial Services, Inc., 6.88%,
02/15/2033(a)(b)
|
|
2,518,000
|
2,389,198
|
|
Performance Food Group, Inc.
|
|
|
|
|
6.13%, 09/15/2032(a)(b)
|
|
1,106,000
|
1,109,124
|
|
5.63%, 03/01/2034(a)(b)
|
|
782,000
|
758,538
|
|
Petco Health & Wellness Co., Inc., 8.25%,
02/01/2031(a)(b)
|
|
828,000
|
830,645
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Pfizer Investment Enterprises Pte. Ltd.,
5.11%, 05/19/2043(b)
|
$
|
750,000
|
$684,347
|
|
PG&E Corp.
|
|
|
|
|
5.25%, 07/01/2030(b)
|
|
2,160,000
|
2,124,226
|
|
VRN, (fixed rate to 12/15/2029,
variable rate thereafter), 7.38%,
03/15/2055(b)
|
|
855,000
|
868,183
|
|
Pilgrim's Pride Corp., 3.50%,
03/01/2032(b)
|
|
1,500,000
|
1,349,878
|
|
Pinnacle Financial Partners, Inc., (fixed
rate to 05/19/2031, variable rate
thereafter), 5.60%, 05/19/2032(b)
|
|
893,000
|
885,334
|
|
Plains All American Pipeline LP/PAA
Finance Corp.
|
|
|
|
|
5.70%, 09/15/2034(b)
|
|
392,000
|
394,552
|
|
5.60%, 01/15/2036(b)
|
|
231,000
|
227,532
|
|
PNC Financial Services Group, Inc.
|
|
|
|
|
(fixed rate to 01/22/2034, variable rate
thereafter), 5.68%, 01/22/2035(b)
|
|
362,000
|
365,709
|
|
(fixed rate to 01/29/2035, variable rate
thereafter), 5.58%, 01/29/2036(b)
|
|
363,000
|
364,604
|
|
Post Holdings, Inc.
|
|
|
|
|
4.63%, 04/15/2030(a)(b)
|
|
2,438,000
|
2,348,415
|
|
6.25%, 10/15/2034(a)(b)
|
|
959,000
|
932,404
|
|
PPL Electric Utilities Corp., 5.25%,
05/15/2053(b)
|
|
626,000
|
557,988
|
|
PR RNO Property Owner 1 LLC, 6.50%,
05/01/2031(a)(b)(c)
|
|
1,639,000
|
1,543,314
|
|
Progressive Corp., 5.15%, 03/26/2036(b)
|
|
361,000
|
353,420
|
|
PSEG Power LLC, 5.20%, 05/15/2030(a)(b)
|
|
582,000
|
583,571
|
|
Public Storage Operating Co., 5.15%,
08/15/2036(b)
|
|
127,000
|
123,689
|
|
QTS Fayetteville I Dc1-2 LLC/QTS TRS
Fayetteville I DC1-2 LLC, 5.70%,
04/15/2036(a)(b)
|
|
348,000
|
318,217
|
|
Rivers Enterprise Borrower LLC, 6.25%,
10/15/2030(a)(b)
|
|
1,061,000
|
1,065,702
|
|
Rocket Cos., Inc.
|
|
|
|
|
6.13%, 08/01/2030(a)(b)
|
|
960,000
|
967,783
|
|
6.38%, 08/01/2033(a)(b)
|
|
2,179,000
|
2,191,948
|
|
Rocket Mortgage LLC/Rocket Mortgage
Co-Issuer, Inc.
|
|
|
|
|
3.88%, 03/01/2031(a)(b)
|
|
219,000
|
202,885
|
|
4.00%, 10/15/2033(a)(b)
|
|
396,000
|
349,733
|
|
Royal Caribbean Cruises Ltd.
|
|
|
|
|
5.63%, 09/30/2031(a)(b)
|
|
37,000
|
37,130
|
|
6.00%, 02/01/2033(a)(b)
|
|
523,000
|
527,241
|
|
Salesforce, Inc.
|
|
|
|
|
5.55%, 03/15/2036(b)
|
|
800,000
|
780,104
|
|
6.55%, 03/15/2056(b)
|
|
800,000
|
764,274
|
|
Service Corp. International, 5.75%,
10/15/2032(b)
|
|
2,906,000
|
2,882,230
|
|
Six Flags Entertainment Corp./Canada's
Wonderland Co./Millennium
Operations LLC, 8.63%,
01/15/2032(a)(b)
|
|
1,260,000
|
1,274,380
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Six Flags Entertainment Corp./Six Flags
Theme Parks, Inc./Canada's
Wonderland Co., 6.63%,
05/01/2032(a)(b)
|
$
|
915,000
|
$921,217
|
|
Southern California Gas Co., Series WW,
3.95%, 02/15/2050(b)
|
|
800,000
|
577,552
|
|
Space Exploration Technologies Corp.,
5.35%, 07/15/2031(a)(b)
|
|
1,500,000
|
1,459,994
|
|
Staples, Inc., 10.75%, 09/01/2029(a)(b)
|
|
1,356,000
|
1,297,491
|
|
Starwood Property Trust, Inc.
|
|
|
|
|
5.75%, 01/15/2031(a)(b)
|
|
1,539,000
|
1,515,654
|
|
6.13%, 06/01/2031(a)(b)
|
|
406,000
|
405,039
|
|
State Street Corp., (fixed rate to
04/24/2036, variable rate thereafter),
5.09%, 04/24/2037(b)
|
|
750,000
|
727,172
|
|
Stellantis Financial Services U.S. Corp.,
5.40%, 06/15/2029(a)(b)
|
|
1,139,000
|
1,130,992
|
|
Stetson University, Inc., Series 2019,
4.09%, 12/01/2059(b)
|
|
6,980,000
|
4,161,308
|
|
Store Capital LLC
|
|
|
|
|
4.63%, 03/15/2029(b)
|
|
256,000
|
252,685
|
|
2.75%, 11/18/2030(b)
|
|
460,000
|
412,230
|
|
2.70%, 12/01/2031(b)
|
|
153,000
|
133,382
|
|
Stryker Corp., 5.20%, 02/10/2035(b)
|
|
348,000
|
345,099
|
|
Sunoco LP
|
|
|
|
|
4.63%, 05/01/2030(a)(b)
|
|
1,134,000
|
1,091,896
|
|
7.25%, 05/01/2032(a)(b)
|
|
1,924,000
|
1,983,644
|
|
6.63%, 08/15/2032(a)(b)
|
|
596,000
|
601,667
|
|
SV RNO Property Owner 1 LLC, 5.88%,
03/01/2031(a)(b)(c)
|
|
1,919,000
|
1,781,975
|
|
Takeda U.S. Financing, Inc., 5.20%,
07/07/2035(b)
|
|
800,000
|
783,834
|
|
Talen Energy Supply LLC
|
|
|
|
|
6.25%, 02/01/2034(a)(b)
|
|
1,530,000
|
1,500,641
|
|
6.50%, 02/01/2036(a)(b)
|
|
586,000
|
578,690
|
|
Targa Resources Corp.
|
|
|
|
|
4.20%, 02/01/2033(b)
|
|
131,000
|
122,228
|
|
4.95%, 04/15/2052(b)
|
|
442,000
|
359,338
|
|
Texas Capital Bancshares, Inc., (fixed rate
to 02/27/2031, variable rate
thereafter), 5.30%, 02/27/2032(b)
|
|
729,000
|
713,906
|
|
Thermo Fisher Scientific, Inc., 4.47%,
10/07/2032(b)
|
|
470,000
|
456,397
|
|
T-Mobile USA, Inc.
|
|
|
|
|
3.88%, 04/15/2030(b)
|
|
18,000
|
17,287
|
|
5.05%, 07/15/2033(b)
|
|
407,000
|
398,010
|
|
5.75%, 01/15/2034(b)
|
|
130,000
|
131,827
|
|
5.88%, 11/15/2055(b)
|
|
1,000,000
|
906,931
|
|
5.85%, 02/15/2056(b)
|
|
18,000
|
16,307
|
|
Toledo Hospital, (Assured Guaranty Inc),
6.02%, 11/15/2048
|
|
252,000
|
242,344
|
|
Toll Road Investors Partnership II LP
|
|
|
|
|
(National Public Finance Guaran),
Series 1999B, 0.00%,
02/15/2027(a)(g)
|
|
353,000
|
340,819
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Toll Road Investors Partnership
II LP (continued)
|
|
|
|
|
(Assured Guaranty London PLC), Series
2005B, 0.00%, 02/15/2043(a)(c)(g)
|
$
|
419,799
|
$147,454
|
|
TransDigm, Inc.
|
|
|
|
|
6.75%, 08/15/2028(a)(b)
|
|
417,000
|
419,611
|
|
6.38%, 03/01/2029(a)(b)
|
|
871,000
|
881,479
|
|
6.88%, 12/15/2030(a)(b)
|
|
2,176,000
|
2,230,561
|
|
6.38%, 05/31/2033(a)(b)
|
|
2,501,000
|
2,500,366
|
|
6.13%, 07/31/2034(a)(b)
|
|
1,458,000
|
1,441,624
|
|
Turning Point Brands, Inc., 7.63%,
03/15/2032(a)(b)
|
|
1,169,000
|
1,187,139
|
|
U.S. Foods, Inc.
|
|
|
|
|
4.75%, 02/15/2029(a)(b)
|
|
2,052,000
|
2,021,919
|
|
5.75%, 04/15/2033(a)(b)
|
|
519,000
|
513,509
|
|
Union Pacific Corp., 3.25%, 02/05/2050(b)
|
|
936,000
|
612,764
|
|
UnitedHealth Group, Inc.
|
|
|
|
|
5.15%, 07/15/2034(b)
|
|
507,000
|
502,906
|
|
3.75%, 10/15/2047(b)
|
|
650,000
|
468,378
|
|
Univision Communications, Inc., 8.88%,
04/15/2033(a)(b)
|
|
3,153,000
|
3,052,812
|
|
USA Compression Partners LP/USA
Compression Finance Corp., 7.13%,
03/15/2029(a)(b)
|
|
1,826,000
|
1,865,345
|
|
Utah Acquisition Sub, Inc., 5.25%,
06/15/2046(b)
|
|
4,029,000
|
3,281,930
|
|
Venture Global Calcasieu Pass LLC, 4.13%,
08/15/2031(a)(b)
|
|
540,000
|
500,218
|
|
Venture Global LNG, Inc.
|
|
|
|
|
9.50%, 02/01/2029(a)(b)
|
|
1,026,000
|
1,098,251
|
|
VRN, (fixed rate to 09/30/2029,
variable rate thereafter), 9.00%,
09/30/2029(a)(f)
|
|
1,782,000
|
1,774,836
|
|
8.38%, 06/01/2031(a)(b)
|
|
1,327,000
|
1,371,850
|
|
6.38%, 12/15/2034(a)(b)
|
|
633,000
|
616,490
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
|
7.50%, 05/01/2033(a)(b)
|
|
435,000
|
471,983
|
|
6.50%, 01/15/2034(a)(b)
|
|
1,112,000
|
1,147,429
|
|
6.75%, 01/15/2036(a)(b)
|
|
1,148,000
|
1,201,607
|
|
Verizon Communications, Inc.
|
|
|
|
|
2.65%, 11/20/2040(b)
|
|
1,000,000
|
680,754
|
|
VRN, (fixed rate to 02/14/2033,
variable rate thereafter), 6.05%,
05/14/2058(b)
|
|
500,000
|
491,665
|
|
Viking Cruises Ltd., 5.88%,
10/15/2033(a)(b)
|
|
916,000
|
907,010
|
|
Viking Ocean Cruises Ship VII Ltd., 5.63%,
02/15/2029(a)(b)
|
|
1,587,000
|
1,585,643
|
|
Vistra Operations Co. LLC
|
|
|
|
|
4.70%, 01/31/2031(a)(b)
|
|
452,000
|
439,988
|
|
6.00%, 04/15/2034(a)(b)
|
|
850,000
|
857,865
|
|
5.35%, 01/31/2036(a)(b)
|
|
452,000
|
432,623
|
|
Vulcan Materials Co.
|
|
|
|
|
3.50%, 06/01/2030(b)
|
|
36,000
|
34,143
|
|
5.70%, 12/01/2054(b)
|
|
243,000
|
227,791
|
|
Wells Fargo & Co.
|
|
|
|
|
(fixed rate to 03/24/2027, variable rate
thereafter), 3.53%, 03/24/2028(b)
|
|
38,000
|
37,744
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
CORPORATE BONDS (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Wells Fargo & Co. (continued)
|
|
|
|
|
(fixed rate to 01/24/2030, variable rate
thereafter), 5.24%, 01/24/2031(b)
|
$
|
191,000
|
$192,265
|
|
(fixed rate to 03/02/2032, variable rate
thereafter), 3.35%, 03/02/2033(b)
|
|
478,000
|
434,775
|
|
Westinghouse Air Brake Technologies
Corp., 5.61%, 03/11/2034(b)
|
|
606,000
|
612,650
|
|
Whirlpool Corp., 5.50%, 03/01/2033(b)
|
|
2,514,000
|
1,957,033
|
|
WMG Acquisition Corp.
|
|
|
|
|
3.75%, 12/01/2029(a)(b)
|
|
263,000
|
250,442
|
|
3.88%, 07/15/2030(a)(b)
|
|
437,000
|
411,550
|
|
WULF Compute LLC, 7.75%,
10/15/2030(a)(b)(c)
|
|
952,000
|
989,097
|
|
Wyndham Hotels & Resorts, Inc.
|
|
|
|
|
4.38%, 08/15/2028(a)(b)
|
|
1,700,000
|
1,664,461
|
|
5.63%, 03/01/2033(a)(b)
|
|
647,000
|
629,678
|
|
Xcel Energy, Inc., 5.50%, 03/15/2034(b)
|
|
184,000
|
183,671
|
|
Total United States
|
|
307,339,231
|
|
|
UZBEKISTAN—0.8%
|
|
|
|
|
Uzauto Motors AJ, 7.38%, 11/19/2030(a)(b)
|
|
1,474,000
|
1,491,784
|
|
Uzbek Industrial & Construction Bank
ATB, 8.95%, 07/24/2029(a)
|
|
1,478,000
|
1,578,861
|
|
Uzbekneftegaz JSC, 8.75%, 05/07/2030(a)
|
|
1,202,000
|
1,280,229
|
|
Total Uzbekistan
|
|
4,350,874
|
|
|
ZAMBIA—0.7%
|
|
|
|
|
First Quantum Minerals Ltd.
|
|
|
|
|
8.63%, 06/01/2031(a)(b)
|
|
1,927,000
|
2,004,704
|
|
8.00%, 03/01/2033(a)(b)
|
|
1,820,000
|
1,891,086
|
|
Total Zambia
|
|
3,895,790
|
|
|
Total Corporate Bonds
|
|
539,792,855
|
|
|
U.S. TREASURIES—11.9%
|
|
||
|
U.S. Treasury Bonds
|
|
|
|
|
1.13%, 08/15/2040
|
|
9,914,000
|
5,983,641
|
|
2.38%, 02/15/2042
|
|
8,816,000
|
6,178,776
|
|
3.88%, 05/15/2043
|
|
9,021,000
|
7,663,621
|
|
4.75%, 11/15/2053
|
|
1,028,000
|
947,286
|
|
4.63%, 05/15/2054
|
|
1,272,000
|
1,150,415
|
|
U.S. Treasury Notes
|
|
|
|
|
4.13%, 08/31/2030
|
|
6,295,000
|
6,229,345
|
|
3.63%, 09/30/2030
|
|
7,698,000
|
7,472,473
|
|
4.88%, 10/31/2030
|
|
5,878,000
|
5,982,472
|
|
3.88%, 03/31/2031
|
|
3,073,000
|
3,002,897
|
|
2.75%, 08/15/2032
|
|
13,150,000
|
11,933,625
|
|
4.00%, 02/15/2034
|
|
2,467,000
|
2,372,946
|
|
4.63%, 02/15/2035
|
|
4,061,000
|
4,050,847
|
|
4.25%, 05/15/2035
|
|
1,150,000
|
1,115,096
|
|
4.25%, 08/15/2035
|
|
1,627,000
|
1,575,330
|
|
4.38%, 05/15/2036
|
|
377,000
|
367,104
|
|
Total U.S. Treasuries
|
|
66,025,874
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
ASSET-BACKED SECURITIES—10.3%
|
|
||
|
AUSTRALIA—0.1%
|
|
|
|
|
Panorama Auto Trust, FRN, 1 mo. AUD
Bank Bill Swap + 1.020%, Series
2026-1, Class A, 5.33%,
03/15/2034(a)(b)(h)
|
AUD
|
592,930
|
$417,094
|
|
CAYMAN ISLANDS—8.0%
|
|
|
|
|
Bain Capital Credit CLO Ltd., FRN, 3 mo.
USD SOFR + 1.500%, Series 2021-7A,
Class BR, 5.23%, 01/22/2035(a)(b)(h)
|
$
|
390,025
|
390,259
|
|
Benefit Street Partners CLO X Ltd., FRN, 3
mo. USD SOFR + 2.850%, Series
2016-10A, 6.58%, 07/20/2038(a)(b)(h)
|
|
3,000,000
|
3,001,464
|
|
Cathedral Lake VI Ltd., FRN, 3 mo. USD
SOFR + 1.850%, Series 2021-6A,
Class BR, 5.66%, 04/25/2034(a)(b)(h)
|
|
370,578
|
371,132
|
|
Cedar Funding IV CLO Ltd., FRN, 3 mo.
USD SOFR + 3.300%, Series 2014-4A,
Class DR3, 7.05%, 01/23/2038(a)(b)(h)
|
|
3,000,000
|
2,968,489
|
|
Empower CLO Ltd., FRN, 3 mo. USD SOFR
+ 1.950%, Series 2023-2A, Class CR,
5.70%, 10/15/2038(a)(b)(h)
|
|
5,200,000
|
5,218,121
|
|
Invesco U.S. CLO Ltd.
|
|
|
|
|
FRN, 3 mo. USD SOFR + 1.750%, Series
2024-1RA, Class BR2, 5.50%,
04/15/2037(a)(b)(h)
|
|
6,000,000
|
6,014,414
|
|
FRN, 3 mo. USD SOFR + 2.700%, Series
2024-4A, Class D1, 6.45%,
01/15/2038(a)(b)(h)
|
|
2,000,000
|
2,000,913
|
|
KKR CLO 40 Ltd., FRN, 3 mo. USD SOFR +
1.700%, Series 40A, 5.43%,
10/20/2034(a)(b)(h)
|
|
2,700,000
|
2,703,333
|
|
Palmer Square CLO Ltd.
|
|
|
|
|
FRN, 3 mo. USD SOFR + 2.750%, Series
2024-2AR, 6.50%,
07/20/2038(a)(b)(h)
|
|
3,000,000
|
2,991,441
|
|
FRN, 3 mo. USD SOFR + 4.500%, Series
2024-2AR, 8.25%,
07/20/2038(a)(b)(h)
|
|
2,000,000
|
1,993,377
|
|
Regatta XXIX Funding Ltd., FRN, 3 mo.
USD SOFR + 1.750%, Series 2024-3A,
Class B, 5.50%, 09/06/2037(a)(b)(h)
|
|
5,525,000
|
5,539,080
|
|
Rowe CLO Ltd., FRN, 3 mo. USD SOFR +
1.800%, Series 2026-2A, Class C,
0.00%, 07/20/2039(a)(b)(h)(i)
|
|
3,250,000
|
3,250,000
|
|
Sixth Street CLO XVIII Ltd., FRN, 3 mo.
USD SOFR + 2.700%, Series 2021-18A,
Class D1R, 6.45%, 10/17/2038(a)(b)(h)
|
|
5,000,000
|
5,002,537
|
|
TCW CLO Ltd., FRN, 3 mo. USD SOFR +
1.600%, Series 2020-1A, Class BR3,
5.33%, 04/20/2034(a)(b)(h)
|
|
235,000
|
235,171
|
|
Voya Ltd., FRN, 3 mo. USD SOFR +
1.750%, Series 2024-3AR, Class CR,
5.57%, 07/20/2039(a)(b)(h)(i)
|
|
2,750,000
|
2,750,000
|
|
Total Cayman Islands
|
|
44,429,731
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
ASSET-BACKED SECURITIES (continued)
|
|
||
|
FRANCE—0.1%
|
|
|
|
|
Boursobank Consumer Loans France, FRN,
1 mo. Euribor + 0.660%, Series 26,
Class A1, 2.84%, 05/24/2044(a)(b)(h)
|
EUR
|
400,000
|
$461,262
|
|
Red & Black Auto Germany 14 UG, FRN, 1
mo. Euribor + 0.520%, Series 14,
Class A, 2.79%, 02/15/2035(a)(b)(h)
|
|
262,396
|
302,319
|
|
Total France
|
|
763,581
|
|
|
IRELAND—0.1%
|
|
|
|
|
Finance Ireland Auto Receivables No. 1
DAC, FRN, 1 mo. Euribor + 0.850%,
Series 1, Class A, 3.11%,
09/12/2033(a)(b)(h)
|
|
388,589
|
448,534
|
|
JERSEY—1.3%
|
|
|
|
|
AGL CLO 21 Ltd., FRN, 3 mo. USD SOFR +
1.950%, Series 2022-21A, Class CR,
5.68%, 10/21/2037(a)(b)(h)
|
$
|
2,000,000
|
1,999,831
|
|
AGL CLO 26 Ltd., FRN, 3 mo. USD SOFR +
1.900%, Series 2023-26A, Class CR,
5.57%, 10/21/2038(a)(b)(h)
|
|
5,000,000
|
5,017,504
|
|
Total Jersey
|
|
7,017,335
|
|
|
LUXEMBOURG—0.6%
|
|
|
|
|
Advanzia Master Issuer SARL, FRN, 1 mo.
Euribor + 0.780%, Series 2026-1,
Class A, 2.95%, 05/16/2036(a)(b)(h)
|
EUR
|
300,000
|
346,141
|
|
Cars Alliance SARL, FRN, 1 mo. Euribor +
0.610%, Series 2026-G1V, Class A,
2.82%, 05/19/2036(a)(b)(h)
|
|
300,000
|
345,712
|
|
FACT SA, FRN, 1 mo. Euribor + 0.630%,
Series 2026-1, Class A, 2.92%,
04/20/2033(a)(b)(h)
|
|
191,279
|
220,622
|
|
First Mobility Swiss Lease, FRN, 1 mo.
Euribor + 0.680%, Series 2026-1,
Class A, 2.88%, 09/23/2033(a)(b)(h)
|
|
374,870
|
432,619
|
|
RevoCar SA - Compartment, FRN, 1 mo.
Euribor + 0.550%, Series 2026-1,
Class A, 2.76%, 10/21/2039(a)(b)(h)
|
|
700,000
|
806,817
|
|
SC Germany SA, FRN, 1 mo. Euribor +
0.670%, Series 2026-1, Class A, 2.94%,
05/14/2036(a)(b)(h)
|
|
400,000
|
461,355
|
|
SC Sweden I SARL, FRN, 1 mo. Euribor +
0.630%, Series 1, Class A1, 2.83%,
12/25/2039(a)(b)(h)
|
|
320,000
|
368,712
|
|
Silver Arrow SA acting in respect of its
Compartment 21, FRN, 1 mo. Euribor +
0.420%, Series 21, Class A, 2.64%,
12/15/2033(a)(b)(h)
|
|
270,503
|
311,596
|
|
Total Luxembourg
|
|
3,293,574
|
|
|
SPAIN—0.1%
|
|
|
|
|
Auto ABS Spanish Loans Fondo De
Titulizacion, FRN, 1 mo. Euribor +
0.600%, Series 2026-1, Class A, 2.80%,
12/28/2038(a)(b)(h)
|
|
200,000
|
230,470
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
BBVA Consumer Auto FT, FRN, 3 mo.
Euribor + 0.600%, Series 2026-1,
Class A, 2.82%, 02/25/2042(a)(b)(h)
|
EUR
|
100,000
|
$115,150
|
|
Total Spain
|
|
345,620
|
|
|
UNITED STATES—0.0%
|
|
|
|
|
ARI Fleet Lease Trust, Series 2023-B,
Class A2, 6.05%, 07/15/2032(a)(b)
|
$
|
18,860
|
18,909
|
|
Business Jet Securities LLC, Series
2026-1A, Class A, 5.46%,
06/15/2041(a)(b)
|
|
98,000
|
97,489
|
|
Enterprise Fleet Financing LLC
|
|
|
|
|
Series 2024-3, Class A2, 5.31%,
04/20/2027(a)(b)
|
|
14,671
|
14,679
|
|
Series 2025-1, Class A2, 4.65%,
10/20/2027(a)(b)
|
|
26,878
|
26,911
|
|
M&T Bank Auto Receivables Trust, Series
2025-1A, Class A2A, 4.63%,
05/15/2028(a)(b)
|
|
73,637
|
73,695
|
|
Total United States
|
|
231,683
|
|
|
Total Asset-Backed Securities
|
|
56,947,152
|
|
|
GOVERNMENT BONDS—8.2%
|
|
||
|
ARGENTINA—0.3%
|
|
|
|
|
Provincia de Buenos Aires/Government
Bonds, 6.63%, 09/01/2037(a)(c)
|
|
2,188,369
|
1,812,626
|
|
AUSTRALIA—0.1%
|
|
|
|
|
Australia Government Bonds, 2.75%,
05/21/2041(a)
|
AUD
|
648,000
|
342,375
|
|
BENIN—0.3%
|
|
|
|
|
Benin Government International Bonds,
8.38%, 01/23/2041(a)(c)
|
$
|
1,767,000
|
1,869,889
|
|
CANADA—0.3%
|
|
|
|
|
Canada Government Bonds
|
|
|
|
|
2.25%, 02/01/2028
|
CAD
|
951,000
|
672,382
|
|
2.75%, 12/01/2055
|
|
246,000
|
136,706
|
|
Province of Alberta, 1.65%, 06/01/2031
|
|
553,000
|
363,485
|
|
Province of British Columbia, 2.95%,
06/18/2050
|
|
520,000
|
270,121
|
|
Total Canada
|
|
1,442,694
|
|
|
EGYPT—0.3%
|
|
|
|
|
Egypt Government International Bonds,
7.63%, 05/29/2032(a)
|
$
|
1,920,000
|
1,922,824
|
|
FRANCE—0.4%
|
|
|
|
|
French Republic Government Bonds OAT
|
|
|
|
|
2.70%, 02/25/2031(a)
|
EUR
|
635,000
|
714,735
|
|
3.50%, 11/25/2035(a)
|
|
305,000
|
341,584
|
|
4.10%, 05/25/2046(a)
|
|
306,000
|
334,622
|
|
3.25%, 05/25/2055(a)
|
|
643,000
|
572,434
|
|
Total France
|
|
1,963,375
|
|
|
GABON—0.3%
|
|
|
|
|
Gabon Government International Bonds,
9.38%, 08/05/2033(a)(c)(i)
|
$
|
1,959,000
|
1,783,335
|
|
GERMANY—0.0%
|
|
|
|
|
Bundesobligation, 2.50%, 04/16/2031(a)
|
EUR
|
131,000
|
148,368
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
GOVERNMENT BONDS (continued)
|
|
||
|
GERMANY (continued)
|
|
|
|
|
Bundesrepublik Deutschland
Bundesanleihe, 2.90%, 02/15/2036(a)
|
EUR
|
70,000
|
$78,985
|
|
Total Germany
|
|
227,353
|
|
|
GREECE—0.5%
|
|
|
|
|
Hellenic Republic Government Bonds
|
|
|
|
|
3.38%, 06/16/2036(a)
|
|
365,000
|
403,449
|
|
4.13%, 06/15/2054(a)
|
|
2,148,000
|
2,309,799
|
|
Total Greece
|
|
2,713,248
|
|
|
ITALY—1.6%
|
|
|
|
|
Italy Buoni Poliennali Del Tesoro
|
|
|
|
|
2.85%, 02/01/2031(a)
|
|
209,000
|
236,247
|
|
1.45%, 03/01/2036(a)
|
|
2,133,000
|
1,979,295
|
|
4.10%, 04/30/2046(a)
|
|
612,000
|
668,955
|
|
4.30%, 10/01/2054(a)
|
|
5,569,000
|
6,037,914
|
|
Total Italy
|
|
8,922,411
|
|
|
IVORY COAST—0.2%
|
|
|
|
|
Ivory Coast Government International
Bonds, 5.25%, 03/22/2030(a)(c)
|
|
812,000
|
938,540
|
|
KAZAKHSTAN—0.9%
|
|
|
|
|
Development Bank of Kazakhstan JSC
|
|
|
|
|
13.49%, 05/23/2028(a)
|
KZT
|
720,000,000
|
1,424,906
|
|
18.40%, 10/16/2028(a)
|
|
1,550,000,000
|
3,388,700
|
|
Total Kazakhstan
|
|
4,813,606
|
|
|
KENYA—0.3%
|
|
|
|
|
Republic of Kenya Government
International Bonds, 8.70%,
02/26/2039(a)(c)
|
$
|
1,908,000
|
1,833,727
|
|
KYRGYZSTAN—0.3%
|
|
|
|
|
Kyrgyz Republic International Bonds,
7.75%, 06/03/2030(a)
|
|
1,483,000
|
1,495,041
|
|
MEXICO—0.1%
|
|
|
|
|
Mexico Bonos, 7.50%, 05/26/2033
|
MXN
|
10,494,000
|
562,839
|
|
MONGOLIA—0.3%
|
|
|
|
|
Development Bank of Mongolia LLC,
6.90%, 07/02/2031(a)
|
$
|
1,969,000
|
1,951,762
|
|
NEW ZEALAND—0.2%
|
|
|
|
|
New Zealand Government Bonds
|
|
|
|
|
4.50%, 05/15/2030
|
NZD
|
688,000
|
412,294
|
|
1.50%, 05/15/2031
|
|
515,000
|
268,587
|
|
4.25%, 05/15/2036
|
|
300,000
|
170,694
|
|
Total New Zealand
|
|
851,575
|
|
|
ROMANIA—0.3%
|
|
|
|
|
Romania Government International
Bonds, 7.50%, 02/10/2037(a)
|
$
|
1,666,000
|
1,769,538
|
|
SPAIN—0.4%
|
|
|
|
|
Spain Government Bonds
|
|
|
|
|
3.20%, 10/31/2035(a)
|
EUR
|
1,941,000
|
2,178,043
|
|
3.90%, 07/30/2039(a)
|
|
290,000
|
336,311
|
|
Total Spain
|
|
2,514,354
|
|
|
UNITED KINGDOM—1.1%
|
|
|
|
|
U.K. Gilts
|
|
|
|
|
4.00%, 10/22/2031(a)
|
GBP
|
1,789,680
|
2,341,568
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
U.K. Gilts (continued)
|
|
|
|
|
4.50%, 03/07/2035(a)
|
GBP
|
1,102,400
|
$1,436,665
|
|
1.25%, 10/22/2041(a)
|
|
2,562,000
|
1,963,731
|
|
1.50%, 07/22/2047(a)
|
|
257,000
|
168,639
|
|
Total United Kingdom
|
|
5,910,603
|
|
|
Total Government Bonds
|
|
45,641,715
|
|
|
MUNICIPAL BONDS—1.5%
|
|
||
|
CALIFORNIA—0.5%
|
|
|
|
|
Golden State Tobacco Securitization
Corp.Series A-1, 4.21%, 06/01/2050(b)
|
$
|
4,250,000
|
2,882,048
|
|
IOWA—0.0%
|
|
|
|
|
Iowa Student Loan Liquidity Corp.Series A,
5.08%, 12/01/2039(b)
|
|
45,000
|
42,548
|
|
MASSACHUSETTS—0.1%
|
|
|
|
|
Massachusetts Development Finance
AgencySeries B, 7.38%, 10/01/2035(b)
|
|
145,000
|
145,821
|
|
Massachusetts Educational Financing
Authority
|
|
|
|
|
Series A, 2.64%, 07/01/2037(b)
|
|
500,000
|
443,940
|
|
Series A, 4.95%, 07/01/2038(b)
|
|
145,000
|
140,631
|
|
Massachusetts Housing Finance Agency,
(GNMA/FNMA/FHLMC), Series 226,
5.56%, 12/01/2052(b)
|
|
110,000
|
111,422
|
|
Total Massachusetts
|
|
841,814
|
|
|
MICHIGAN—0.1%
|
|
|
|
|
Michigan Finance AuthoritySeries T,
3.38%, 12/01/2040
|
|
400,000
|
326,041
|
|
NEW HAMPSHIRE—0.1%
|
|
|
|
|
New Hampshire Business Finance
AuthoritySeries A, 6.89%,
04/01/2034(a)(b)
|
|
345,000
|
359,688
|
|
NEW YORK—0.7%
|
|
|
|
|
New York Transportation Development
Corp.Series B, 6.97%, 06/30/2051
|
|
4,000,000
|
3,876,227
|
|
OKLAHOMA—0.0%
|
|
|
|
|
Oklahoma Development Finance
AuthoritySeries C, 5.45%, 08/15/2028
|
|
246,000
|
243,110
|
|
Total Municipal Bonds
|
|
8,571,476
|
|
|
COMMERCIAL MORTGAGE-BACKED SECURITIES—1.0%
|
|
||
|
CAYMAN ISLANDS—0.0%
|
|
|
|
|
CREST Ltd., Series 2004-1A, Class G2,
7.00%, 01/28/2040(a)(b)(d)(e)
|
|
9,172,641
|
–
|
|
TRTX Issuer Ltd., FRN, 1 mo. USD SOFR +
1.700%, Series 2025-FL7, Class AS,
5.37%, 06/18/2043(a)(b)(h)
|
|
100,000
|
100,188
|
|
Total Cayman Islands
|
|
100,188
|
|
|
UNITED STATES—1.0%
|
|
|
|
|
3650R Commercial Mortgage Trust, Series
2021-PF1, Class XA, 0.99%,
11/15/2054(h)(j)
|
|
7,299,690
|
226,335
|
|
Arbor Realty Commercial Real Estate
Notes Ltd., FRN, 30 day USD SOFR
Average + 3.000%, Series 2022-FL1,
Class D, 6.63%, 01/15/2037(a)(b)(h)
|
|
808,000
|
802,654
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
COMMERCIAL MORTGAGE-BACKED SECURITIES
(continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Bank
|
|
|
|
|
Series 2021-BN32, Class XA, 0.70%,
04/15/2054(b)(h)(j)
|
$
|
4,882,660
|
$126,022
|
|
Series 2021-BN34, Class XA, 0.95%,
06/15/2063(b)(h)(j)
|
|
982,831
|
32,138
|
|
Series 2021-BN35, Class XA, 1.00%,
06/15/2064(b)(h)(j)
|
|
1,190,625
|
45,187
|
|
BBCMS Mortgage Trust
|
|
|
|
|
Series 2020-C7, Class XA, 1.59%,
04/15/2053(b)(h)(j)
|
|
2,818,055
|
102,819
|
|
Series 2021-C9, Class XA, 1.54%,
02/15/2054(b)(h)(j)
|
|
8,304,112
|
458,314
|
|
Series 2021-C10, Class XA, 1.19%,
07/15/2054(b)(h)(j)
|
|
1,709,381
|
75,594
|
|
Benchmark Mortgage Trust
|
|
|
|
|
Series 2020-B18, Class XA, 1.75%,
07/15/2053(b)(h)(j)
|
|
2,363,782
|
116,088
|
|
Series 2021-B23, Class XA, 1.25%,
02/15/2054(b)(h)(j)
|
|
7,404,337
|
296,895
|
|
Series 2021-B24, Class XA, 1.07%,
03/15/2054(b)(h)(j)
|
|
3,721,413
|
127,569
|
|
Series 2021-B26, Class XA, 0.82%,
06/15/2054(b)(h)(j)
|
|
11,849,607
|
334,391
|
|
Series 2021-B27, Class XA, 1.23%,
07/15/2054(b)(h)(j)
|
|
13,392,931
|
554,864
|
|
Series 2021-B28, Class XA, 1.22%,
08/15/2054(h)(j)
|
|
2,210,960
|
95,767
|
|
Series 2022-B36, Class XA, 0.64%,
07/15/2055(b)(h)(j)
|
|
17,553,594
|
618,664
|
|
BX Commercial Mortgage Trust, FRN, 1
day CAD CORRA + 1.900%, Series
2024-PURE, Class A, 4.20%,
11/15/2041(a)(h)
|
CAD
|
147,723
|
105,381
|
|
BX Trust
|
|
|
|
|
FRN, 1 mo. USD SOFR + 2.350%, Series
2026-CLS, Class C, 6.03%,
05/15/2043(a)(h)
|
$
|
100,000
|
100,210
|
|
FRN, 1 mo. USD SOFR + 3.450%, Series
2026-CLS, Class D, 7.13%,
05/15/2043(a)(h)
|
|
100,000
|
100,313
|
|
EQT Trust
|
|
|
|
|
Series 2024-EXTR, Class B, 5.65%,
07/05/2041(a)(h)
|
|
269,941
|
270,543
|
|
Series 2024-EXTR, Class C, 6.05%,
07/05/2041(a)(h)
|
|
100,000
|
100,354
|
|
FORT CRE Issuer LLC, FRN, 30 day USD
SOFR Average + 2.250%, Series
2022-FL3, Class AS, 5.87%,
02/23/2039(a)(b)(h)
|
|
74,204
|
74,175
|
|
LoanCore Issuer LLC, FRN, 1 mo. USD
SOFR + 1.841%, Series 2025-CRE8,
Class B, 5.52%, 08/17/2042(a)(b)(h)
|
|
300,000
|
298,875
|
|
Morgan Stanley Capital I Trust
|
|
|
|
|
Series 2021-L5, Class XA, 1.18%,
05/15/2054(b)(h)(j)
|
|
2,479,235
|
104,977
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Morgan Stanley Capital I Trust (continued)
|
|
|
|
|
Series 2021-L6, Class XA, 1.14%,
06/15/2054(b)(h)(j)
|
$
|
4,765,851
|
$168,007
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
|
Series 2021-C59, Class XA, 1.46%,
04/15/2054(b)(h)(j)
|
|
2,216,007
|
112,216
|
|
Series 2021-C60, Class XA, 1.51%,
08/15/2054(b)(h)(j)
|
|
3,470,664
|
201,346
|
|
Total United States
|
|
5,649,698
|
|
|
Total Commercial Mortgage-Backed
Securities
|
|
5,749,886
|
|
|
SUPRANATIONAL—0.7%
|
|
|
|
|
Bladex, Inc., VRN, (fixed rate to
09/17/2032, variable rate thereafter),
7.50%, 09/17/2032(a)(f)
|
|
1,854,000
|
1,918,427
|
|
Eastern & Southern African Trade &
Development Bank, 4.13%,
06/30/2028(a)
|
|
2,004,000
|
1,909,047
|
|
Total Supranational
|
|
|
3,827,474
|
|
AGENCY MORTGAGE-BACKED SECURITIES—0.4%
|
|
||
|
UNITED STATES—0.4%
|
|
|
|
|
Federal Home Loan Mortgage Corp.
|
|
|
|
|
MBS, 6.00%, 08/01/2034
|
|
7,190
|
7,282
|
|
UMBS, 5.00%, 11/01/2052
|
|
174,780
|
170,362
|
|
UMBS, 6.00%, 08/01/2053
|
|
31,133
|
31,705
|
|
UMBS, 4.50%, 11/01/2053
|
|
105,698
|
99,495
|
|
UMBS, 6.50%, 11/01/2054
|
|
56,479
|
58,552
|
|
Federal Home Loan Mortgage Corp.
REMICS
|
|
|
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.500%, Series 5481, Class FC,
5.12%, 12/25/2054(h)
|
|
104,126
|
105,765
|
|
CMO, FRN, 30 day USD SOFR Average
+ 3.950%, Series 5575, Class MB,
7.57%, 09/25/2055(h)
|
|
88,354
|
91,151
|
|
Federal National Mortgage Association
|
|
|
|
|
UMBS, 6.50%, 04/01/2032
|
|
4,734
|
4,880
|
|
UMBS, 6.50%, 04/01/2032
|
|
2,055
|
2,119
|
|
UMBS, 6.50%, 01/01/2033
|
|
498
|
513
|
|
UMBS, 5.50%, 07/01/2033
|
|
15,331
|
15,304
|
|
UMBS, 5.50%, 08/01/2033
|
|
2,362
|
2,346
|
|
UMBS, 6.00%, 08/01/2034
|
|
1,275
|
1,290
|
|
UMBS, 5.50%, 07/01/2035
|
|
11,110
|
11,282
|
|
UMBS, 6.00%, 02/01/2037
|
|
15,628
|
16,172
|
|
UMBS, 6.50%, 02/01/2043
|
|
19,859
|
20,511
|
|
UMBS, 3.00%, 05/01/2051
|
|
309,832
|
265,906
|
|
UMBS, 5.00%, 08/01/2052
|
|
128,817
|
125,309
|
|
UMBS, 5.50%, 11/01/2052
|
|
83,629
|
83,410
|
|
UMBS, 6.00%, 08/01/2054
|
|
30,029
|
30,410
|
|
Federal National Mortgage Association
REMICS
|
|
|
|
|
CMO, Series 2020-67, Class IH, 2.00%,
09/25/2050(j)
|
|
72,353
|
9,483
|
|
CMO, Series 2020-65, Class EI, 4.00%,
09/25/2050(j)
|
|
97,114
|
18,535
|
|
CMO, Series 2021-1, Class IH, 2.50%,
02/25/2051(j)
|
|
85,198
|
11,536
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
AGENCY MORTGAGE-BACKED SECURITIES (continued)
|
|
||
|
UNITED STATES (continued)
|
|
|
|
|
Federal National Mortgage Association
REMICS (continued)
|
|
|
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.500%, Series 2024-90, Class FA,
5.12%, 12/25/2054(h)
|
$
|
61,353
|
$61,951
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.450%, Series 2024-99, Class FE,
5.07%, 01/25/2055(h)
|
|
112,296
|
113,910
|
|
Government National Mortgage
Association
|
|
|
|
|
MBS, 3.00%, 06/20/2052
|
|
38,189
|
33,175
|
|
MBS, 4.00%, 07/20/2052
|
|
17,844
|
16,371
|
|
MBS, 3.00%, 11/20/2052
|
|
35,930
|
31,269
|
|
MBS, 4.00%, 11/20/2052
|
|
37,264
|
34,331
|
|
MBS, 5.50%, 02/20/2053
|
|
43,625
|
43,605
|
|
MBS, 5.00%, 03/20/2053
|
|
52,884
|
51,537
|
|
MBS, 5.00%, 04/20/2053
|
|
90,284
|
87,985
|
|
MBS, 5.50%, 10/20/2053
|
|
34,672
|
34,681
|
|
MBS, 3.50%, 04/20/2056
|
|
74,741
|
65,458
|
|
Government National Mortgage
Association REMICS
|
|
|
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.400%, Series 2023-135, Class FG,
5.02%, 09/20/2053(b)(h)
|
|
92,340
|
93,763
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.300%, Series 2023-149, Class YF,
4.92%, 10/20/2053(b)(h)
|
|
2,512
|
2,544
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.200%, Series 2023-189, Class FG,
4.82%, 12/20/2053(b)(h)
|
|
4,050
|
4,091
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.200%, Series 2024-44, Class FG,
4.82%, 03/20/2054(b)(h)
|
|
8,436
|
8,496
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.050%, Series 2024-164,
Class FM, 4.67%, 10/20/2054(b)(h)
|
|
1,882
|
1,889
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.250%, Series 2025-63, Class FL,
4.87%, 04/20/2055(b)(h)
|
|
3,129
|
3,157
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.500%, Series 2025-80, Class FB,
5.12%, 05/20/2055(b)(h)
|
|
64,832
|
65,798
|
|
CMO, FRN, 30 day USD SOFR Average
+ 3.950%, Series 2025-89, Class MD,
7.57%, 05/20/2055(b)(h)
|
|
61,965
|
62,947
|
|
CMO, FRN, 30 day USD SOFR Average
+ 11.575%, Series 2025-98, Class SW,
6.14%, 06/20/2055(b)(h)
|
|
94,323
|
90,709
|
|
CMO, FRN, 30 day USD SOFR Average
+ 11.650%, Series 2025-97, Class SC,
6.22%, 06/20/2055(b)(h)
|
|
45,320
|
43,126
|
|
CMO, FRN, 30 day USD SOFR Average
+ 5.350%, Series 2025-115, Class GS,
1.73%, 07/20/2055(b)(h)(j)
|
|
129,414
|
5,810
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|
|
|
|
Government National Mortgage
Association REMICS (continued)
|
|
|
|
|
CMO, FRN, 30 day USD SOFR Average
+ 1.200%, Series 2024-48, Class FA,
4.82%, 03/20/2064(b)(h)
|
$
|
7,762
|
$7,818
|
|
CMO, FRN, 30 day USD SOFR Average
+ 0.800%, Series 2025-177, Class FA,
4.42%, 08/20/2065(b)(h)
|
|
3,856
|
3,855
|
|
CMO, FRN, 30 day USD SOFR Average
+ 0.500%, Series 2026-H12,
Class FA, 4.12%, 08/20/2067(b)(h)
|
|
53,477
|
53,357
|
|
Total United States
|
|
2,204,951
|
|
|
Total Agency Mortgage-Backed Securities
|
|
2,204,951
|
|
|
RESIDENTIAL MORTGAGE-BACKED SECURITIES—0.4%
|
|
||
|
AUSTRALIA—0.1%
|
|
|
|
|
Liberty Funding Pty. Ltd., CMO, FRN, 1
mo. AUD Bank Bill Swap + 0.700%,
Series 2026-1, Class A1A, 5.01%,
10/10/2058(a)(b)(h)
|
AUD
|
218,711
|
153,860
|
|
Triton Bond Trust, CMO, FRN, 1 mo. AUD
Bank Bill Swap + 0.700%, Series
2026-1, Class A1MM, 5.01%,
02/15/2058(b)(h)
|
|
716,545
|
504,106
|
|
Total Australia
|
|
657,966
|
|
|
UNITED STATES—0.3%
|
|
|
|
|
Angel Oak Mortgage Trust
|
|
|
|
|
CMO, Series 2024-12, Class A1, 5.65%,
10/25/2069(a)(b)(h)
|
$
|
140,988
|
141,038
|
|
CMO, Series 2024-13, Class A1, 5.46%,
12/26/2069(a)(b)(h)
|
|
238,681
|
238,102
|
|
CMO, Series 2025-1, Class A2, 5.84%,
01/25/2070(a)(b)(h)
|
|
68,621
|
68,671
|
|
COLT Mortgage Loan Trust
|
|
|
|
|
CMO, Series 2024-1, Class A2, 5.99%,
02/25/2069(a)(b)(h)
|
|
72,768
|
72,766
|
|
CMO, Series 2024-6, Class A1, 5.39%,
11/25/2069(a)(b)(h)
|
|
182,735
|
182,196
|
|
HOMES Trust, CMO, Series 2026-INV1,
Class A1D, 5.08%, 08/25/2060(a)(b)(h)
|
|
198,289
|
195,859
|
|
New Residential Mortgage Loan Trust,
CMO, Series 2025-NQM3, Class A1,
5.53%, 05/25/2065(a)(b)(h)
|
|
200,577
|
199,954
|
|
OBX Trust
|
|
|
|
|
CMO, Series 2024-NQM1, Class A1,
5.93%, 11/25/2063(a)(b)(h)
|
|
124,767
|
125,073
|
|
CMO, Series 2024-NQM1, Class A2,
6.25%, 11/25/2063(a)(b)(h)
|
|
101,155
|
101,191
|
|
PMT Loan Trust, CMO, FRN, 30 day USD
SOFR Average + 1.350%, Series
2025-INV10, Class A36, 4.97%,
10/01/2056(a)(b)(h)
|
|
86,670
|
86,690
|
|
Verus Securitization Trust, CMO, Series
2024-1, Class A1, 5.71%,
01/25/2069(a)(b)(h)
|
|
67,646
|
67,791
|
|
Total United States
|
|
1,479,331
|
|
|
Total Residential Mortgage-Backed
Securities
|
|
|
2,137,297
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
U.S. AGENCIES—0.2%
|
|
||
|
UNITED STATES—0.2%
|
|
|
|
|
Federal Home Loan Mortgage Corp.
Multifamily Structured Pass-Through
Certificates
|
|
|
|
|
Series K738, Class XAM, 1.37%,
03/25/2027(b)(h)(j)
|
$
|
448,000
|
$2,908
|
|
Series K075, Class XAM, 0.11%,
02/25/2028(b)(h)(j)
|
|
36,576,000
|
75,508
|
|
Series K074, Class XAM, 0.29%,
02/25/2028(b)(h)(j)
|
|
15,572,000
|
68,771
|
|
Series K076, Class XAM, 0.10%,
04/25/2028(b)(h)(j)
|
|
15,983,000
|
38,493
|
|
Series K097, Class X1, 1.08%,
07/25/2029(b)(h)(j)
|
|
1,804,403
|
49,574
|
|
Series K538, Class X1, 0.57%,
01/25/2030(b)(h)(j)
|
|
354,231
|
6,375
|
|
Series K109, Class XAM, 1.80%,
04/25/2030(b)(h)(j)
|
|
845,640
|
50,548
|
|
Series K110, Class XAM, 1.84%,
04/25/2030(b)(h)(j)
|
|
731,897
|
44,429
|
|
Series K112, Class XAM, 1.67%,
05/25/2030(b)(h)(j)
|
|
896,340
|
52,074
|
|
Series K111, Class XAM, 1.80%,
05/25/2030(b)(h)(j)
|
|
2,034,877
|
124,563
|
|
Series K114, Class XAM, 1.34%,
06/25/2030(b)(h)(j)
|
|
821,458
|
37,902
|
|
Series K116, Class XAM, 1.60%,
08/25/2030(b)(h)(j)
|
|
719,995
|
40,756
|
|
Series K118, Class XAM, 1.17%,
09/25/2030(b)(h)(j)
|
|
455,646
|
19,543
|
|
Series K122, Class XAM, 1.08%,
11/25/2030(b)(h)(j)
|
|
901,677
|
37,285
|
|
Series K127, Class X1, 0.31%,
01/25/2031(b)(h)(j)
|
|
3,131,740
|
33,538
|
|
Series K128, Class X1, 0.50%,
03/25/2031(b)(h)(j)
|
|
3,682,314
|
69,794
|
|
Series K131, Class XAM, 0.94%,
07/25/2031(b)(h)(j)
|
|
670,491
|
28,154
|
|
Series K133, Class XAM, 0.54%,
09/25/2031(b)(h)(j)
|
|
2,699,427
|
64,729
|
|
Series K136, Class XAM, 0.57%,
12/25/2031(b)(h)(j)
|
|
659,754
|
16,747
|
|
Total United States
|
|
861,691
|
|
|
Total U.S. Agencies
|
|
861,691
|
|
|
COMMON STOCKS—0.0%
|
|
||
|
SOUTH AFRICA—0.0%
|
|
|
|
|
Petra Diamonds Ltd.(k)
|
|
43,910
|
3,634
|
|
UNITED STATES—0.0%
|
|
|
|
|
LTRI Holdings LP(e)(k)(l)
|
|
1,335
|
64,801
|
|
Total Common Stocks
|
|
68,435
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
SHORT-TERM INVESTMENT—5.5%
|
|
||
|
State Street Institutional U.S. Government
Money Market Fund, Premier Class,
3.62%(m)
|
|
30,645,784
|
$30,645,785
|
|
Total Short-Term Investment
|
|
30,645,785
|
|
|
Total Investments
(Cost $786,427,807)—137.4%
|
762,474,591
|
||
|
Long Term Debt Securities
|
(205,000,000
)
|
||
|
Liabilities in Excess of Other Assets—(0.5%)
|
(2,605,474
)
|
||
|
Net Assets—100.0%
|
$554,869,117
|
||
|
(a)
|
Denotes a security issued under Regulation S or Rule 144A.
|
|
(b)
|
The maturity date presented for these instruments represents the next call/put
date.
|
|
(c)
|
Sinkable security.
|
|
(d)
|
Security is in default.
|
|
(e)
|
Illiquid security.
|
|
(f)
|
Perpetual maturity. Maturity date presented represents the next call date.
|
|
(g)
|
Zero coupon bond.
|
|
(h)
|
Variable or Floating Rate security. Rate disclosed is as of July 31, 2026.
|
|
(i)
|
All or a portion of the security has been designated as collateral for when
issued trading. When-issued trading is trading in securities that have been
authorized but not yet been issued.
|
|
(j)
|
Interest only security for which the fund receives interest on notional principal.
|
|
(k)
|
Non-income producing security.
|
|
(l)
|
Fair Value is determined pursuant to procedures approved by the Fund’s Board
of Trustees. Unless otherwise noted, securities are valued by applying valuation
factors to the exchange traded price. See Note 1(a) of the accompanying
Notes to Portfolio of Investments for inputs used.
|
|
(m)
|
Registered investment company advised by State Street Investment
Management. The rate shown is the 7 day yield as of July 31, 2026.
|
|
AG
|
Assured Guaranty Inc.
|
|
AUD
|
Australian Dollar
|
|
CAD
|
Canadian Dollar
|
|
CMO
|
Collateralized Mortgage Obligation
|
|
DAC
|
Designated Activity Company
|
|
EUR
|
Euro Currency
|
|
FRN
|
Floating Rate Note
|
|
GBP
|
British Pound Sterling
|
|
KZT
|
Kazakhstan Tenge
|
|
MBS
|
Mortgage-Backed Security
|
|
MXN
|
Mexican Peso
|
|
NZD
|
New Zealand Dollar
|
|
PIK
|
Payment-In-Kind
|
|
PLC
|
Public Limited Company
|
|
REMICS
|
Real Estate Mortgage Investment Conduits
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
UMBS
|
Uniform Mortgage-Backed Security
|
|
USD
|
U.S. Dollar
|
|
VRN
|
Variable Rate Note
|
|
As of July 31, 2026, the Fund held the following forward foreign currency contracts:
|
|
Purchase Contracts
Settlement Date*
|
Counterparty
|
Currency
Purchased
|
Amount
Purchased
|
Currency
Sold
|
Amount
Sold
|
Fair Value
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Australian Dollar/United States Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
Goldman Sachs & Co.
|
AUD
|
107,158
|
USD
|
74,999
|
$75,311
|
$312
|
|
|
10/14/2026
|
Standard Chartered Bank
|
AUD
|
47,919
|
USD
|
33,247
|
33,677
|
430
|
|
|
British Pound/United States Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
Barclays Bank PLC
|
GBP
|
106,731
|
USD
|
143,224
|
143,844
|
620
|
|
|
Euro/United States Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
HSBC Bank PLC
|
EUR
|
1,134,250
|
USD
|
1,298,349
|
1,311,586
|
13,237
|
|
|
Total
|
$1,564,418
|
$14,599
|
||||||
|
Sale Contracts
Settlement Date*
|
Counterparty
|
Currency
Purchased
|
Amount
Purchased
|
Currency
Sold
|
Amount
Sold
|
Fair Value
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
United States Dollar/Australian Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
Barclays Bank PLC
|
USD
|
1,493,367
|
AUD
|
2,160,640
|
$1,518,499
|
$(25,132
)
|
|
|
United States Dollar/British Pound
|
|
|
|
|
|
|||
|
10/14/2026
|
Goldman Sachs & Co.
|
USD
|
15,933,070
|
GBP
|
11,919,216
|
16,063,776
|
(130,706
)
|
|
|
United States Dollar/Canadian Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
Goldman Sachs & Co.
|
USD
|
4,746,905
|
CAD
|
6,693,759
|
4,790,059
|
(43,154
)
|
|
|
United States Dollar/Euro
|
|
|
|
|
|
|||
|
10/14/2026
|
Barclays Bank PLC
|
USD
|
355,966
|
EUR
|
310,140
|
358,629
|
(2,663
)
|
|
|
10/14/2026
|
Goldman Sachs & Co.
|
USD
|
1,236,506
|
EUR
|
1,077,963
|
1,246,499
|
(9,993
)
|
|
|
10/14/2026
|
HSBC Bank PLC
|
USD
|
57,221,483
|
EUR
|
49,965,803
|
57,777,787
|
(556,304
)
|
|
|
10/14/2026
|
Standard Chartered Bank
|
USD
|
2,751,797
|
EUR
|
2,400,000
|
2,775,232
|
(23,435
)
|
|
|
United States Dollar/New Zealand Dollar
|
|
|
|
|
|
|||
|
10/14/2026
|
Goldman Sachs & Co.
|
USD
|
830,422
|
NZD
|
1,453,151
|
857,712
|
(27,290
)
|
|
|
Total
|
$85,388,193
|
$(818,677
)
|
||||||
|
Unrealized appreciation on forward foreign currency exchange contracts
|
$14,599
|
|||||||
|
Unrealized depreciation on forward foreign currency exchange contracts
|
$(818,677
)
|
|||||||
|
*
|
Certain contracts with different trade dates and like characteristics have been shown
net.
|
|
|
19
|
|
20
|
|