Schwab
U.S. TIPS ETF |
SCHP |
Schwab
Short-Term U.S. Treasury ETF |
SCHO |
Schwab
Intermediate-Term U.S. Treasury ETF |
SCHR |
Schwab
Long-Term U.S. Treasury ETF |
SCHQ |
Schwab
U.S. Aggregate Bond ETF |
SCHZ |
Schwab
1-5 Year Corporate Bond ETF |
SCHJ |
Schwab
5-10 Year Corporate Bond ETF |
SCHI |
No
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Delivery |
Beginning
on July 24, 2024, fund shareholder reports will be streamlined to
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and
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• If
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• If
you currently receive a notification when a shareholder report is
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the streamlined shareholder report (in
paper). |
2 | |
3 | |
5 | |
| |
6 | |
8 | |
10 | |
12 | |
14 | |
16 | |
18 | |
20 | |
| |
21 | |
27 | |
33 | |
39 | |
45 | |
125 | |
156 | |
185 | |
198 | |
199 | |
200 | |
201 | |
202 | |
205 |
Total
Returns for the 12 Months Ended December 31, 2023 | |
Schwab
U.S. TIPS ETF
(Ticker
Symbol: SCHP) |
|
Market
Price Return1 |
3.91% |
NAV
Return1 |
3.87% |
Bloomberg
US Treasury Inflation-Linked Bond Index (Series-L)SM |
3.90% |
ETF
Category: Morningstar Inflation-Protected Bond2
|
2.82% |
Performance
Details |
pages
6-7 |
|
|
Schwab
Short-Term U.S. Treasury ETF
(Ticker
Symbol: SCHO) |
|
Market
Price Return1 |
4.31% |
NAV
Return1 |
4.26% |
Bloomberg
US Treasury 1-3 Year Index |
4.29% |
ETF
Category: Morningstar Short Government2
|
4.18% |
Performance
Details |
pages
8-9 |
|
|
Schwab
Intermediate-Term U.S. Treasury ETF
(Ticker
Symbol: SCHR) |
|
Market
Price Return1 |
4.27% |
NAV
Return1 |
4.29% |
Bloomberg
US Treasury 3-10 Year Index |
4.27% |
ETF
Category: Morningstar Intermediate Government2
|
4.42% |
Performance
Details |
pages
10-11 |
|
|
Schwab
Long-Term U.S. Treasury ETF
(Ticker
Symbol: SCHQ) |
|
Market
Price Return1 |
3.43% |
NAV
Return1 |
3.29% |
Bloomberg
US Long Treasury Index |
3.06% |
ETF
Category: Morningstar Long Government2
|
2.79% |
Performance
Details |
pages
12-13 |
Total
Returns for the 12 Months Ended December 31, 2023 | |
Schwab
U.S. Aggregate Bond ETF
(Ticker
Symbol: SCHZ) |
|
Market
Price Return1 |
5.60% |
NAV
Return1 |
5.53% |
Bloomberg
US Aggregate Bond Index |
5.53% |
ETF
Category: Morningstar Intermediate Core Bond2
|
5.59% |
Performance
Details |
pages
14-15 |
|
|
Schwab
1-5 Year Corporate Bond ETF
(Ticker
Symbol: SCHJ) |
|
Market
Price Return1 |
6.36% |
NAV
Return1 |
6.14% |
Bloomberg
US 1-5 Year Corporate Bond Index |
6.20% |
ETF
Category: Morningstar Short-Term Bond2
|
5.73% |
Performance
Details |
pages
16-17 |
|
|
Schwab
5-10 Year Corporate Bond ETF
(Ticker
Symbol: SCHI) |
|
Market
Price Return1 |
8.97% |
NAV
Return1 |
8.84% |
Bloomberg
US 5-10 Year Corporate Bond Index |
8.84% |
ETF
Category: Morningstar Corporate Bond2
|
8.33% |
Performance
Details |
pages
18-19 |
|
Matthew
Hastings, CFA,
Managing Director and Head of Taxable Bond Strategies for Schwab Asset
Management,
leads the portfolio management team for the Schwab Fixed-Income ETFs and
Schwab Taxable
Bond
Funds. He also has overall responsibility for all aspects of the
management of the funds. Prior to joining
Schwab
in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman
Brothers. He has worked in
the
fixed-income securities industry since
1996. |
|
Steven
Hung,
Senior Portfolio Manager for Schwab Asset Management, is responsible for
the day-to-day
co-management
of the Schwab U.S. Aggregate Bond ETF, Schwab 1-5 Year Corporate Bond ETF
and Schwab
5-10
Year Corporate Bond ETF. He is primarily responsible for the management
and oversight of corporate
bonds
within the taxable bond strategies, with additional responsibility for
managing municipal bond index
strategies.
Mr. Hung has been a portfolio manager with Schwab Asset Management since
2005 and prior to
that,
served in various roles as an associate portfolio manager and trader since
1999. In 1998, he joined
Charles
Schwab & Co.’s management training program and worked as a clerk on
the options trading floor of
the
Pacific Coast Stock Exchange. |
|
Mark
McKissick, CFA,
Senior Portfolio Manager for Schwab Asset Management, is responsible for
the
day-to-day
co-management of the Schwab U.S. TIPS ETF, Schwab Short-Term U.S. Treasury
ETF, Schwab
Intermediate-Term
U.S. Treasury ETF, Schwab Long-Term U.S. Treasury ETF and Schwab U.S.
Aggregate Bond
ETF.
Prior to joining Schwab in 2016, Mr. McKissick worked at Denver
Investments for 17 years, most recently
as
a director of fixed income and portfolio manager. In this role he
co-managed multiple bond strategies, as
well
as oversaw the firm’s fixed-income business including the investment
process, client service and other
administrative
functions. He also served as a credit/security analyst from 1999 to 2005.
Prior to that, he
worked
as a senior research analyst with Hotchkis & Wiley, a portfolio
manager at Payden & Rygel, and a vice
president
in fixed income at Salomon
Brothers. |
|
Alfonso
Portillo, Jr.,
Senior Portfolio Manager for Schwab Asset Management, is responsible for
the
day-to-day
co-management of the Schwab U.S. Aggregate Bond ETF. His primary focus is
securitized
products.
Prior to joining Schwab in 2007, Mr. Portillo worked for ten years at
Pacific Investment Management
Company,
most recently as a vice president and member of the mortgage- and
asset-backed portfolio
management
team. He has worked in fixed-income asset management since
1996. |
Weighted
Average Maturity4 |
7.1
Yrs |
Weighted
Average Duration4 |
6.6
Yrs |
Fund
and Inception Date |
1
Year |
5
Years |
10
Years |
Fund:
Schwab U.S. TIPS ETF
(8/5/10) |
|
|
|
Market
Price Return2
|
3.91% |
3.09% |
2.38% |
NAV
Return2
|
3.87% |
3.07% |
2.34% |
Bloomberg
US Treasury Inflation-Linked Bond Index (Series-L)SM |
3.90% |
3.15% |
2.42% |
ETF
Category: Morningstar Inflation-Protected Bond3
|
2.82% |
2.93% |
1.98% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity3 |
2.0
Yrs |
Weighted
Average Duration3 |
1.9
Yrs |
Fund
and Inception Date |
1
Year |
5
Years |
10
Years |
Fund:
Schwab Short-Term U.S. Treasury ETF
(8/5/10) |
|
|
|
Market
Price Return2
|
4.31% |
1.23% |
0.97% |
NAV
Return2
|
4.26% |
1.23% |
0.97% |
Bloomberg
US Treasury 1-3 Year Index |
4.29% |
1.28% |
1.04% |
ETF
Category: Morningstar Short Government3
|
4.18% |
0.91% |
0.90% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity4 |
5.6
Yrs |
Weighted
Average Duration4 |
5.1
Yrs |
Fund
and Inception Date |
1
Year |
5
Years |
10
Years |
Fund:
Schwab Intermediate-Term U.S. Treasury ETF
(8/5/10) |
|
|
|
Market
Price Return2
|
4.27% |
0.76% |
1.37% |
NAV
Return2
|
4.29% |
0.78% |
1.37% |
Bloomberg
US Treasury 3-10 Year Index |
4.27% |
0.84% |
1.44% |
ETF
Category: Morningstar Intermediate Government3
|
4.42% |
0.27% |
0.96% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity4 |
22.7
Yrs |
Weighted
Average Duration4 |
15.5
Yrs |
Fund
and Inception Date |
1
Year |
3
Years |
Since
Inception*
|
Fund:
Schwab Long-Term U.S. Treasury ETF
(10/10/19) |
|
|
|
Market
Price Return2
|
3.43% |
-11.45% |
-5.85% |
NAV
Return2
|
3.29% |
-11.52% |
-5.85% |
Bloomberg
US Long Treasury Index |
3.06% |
-11.41% |
-5.76% |
ETF
Category: Morningstar Long Government3
|
2.79% |
-11.57% |
N/A |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity4 |
8.5
Yrs |
Weighted
Average Duration4 |
6.2
Yrs |
Fund
and Inception Date |
1
Year |
5
Years |
10
Years |
Fund:
Schwab U.S. Aggregate Bond ETF
(7/14/11) |
|
|
|
Market
Price Return2
|
5.60% |
1.02% |
1.73% |
NAV
Return2
|
5.53% |
1.03% |
1.74% |
Bloomberg
US Aggregate Bond Index |
5.53% |
1.10% |
1.81% |
ETF
Category: Morningstar Intermediate Core Bond3
|
5.59% |
1.05% |
1.66% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity3 |
2.9
Yrs |
Weighted
Average Duration3 |
2.6
Yrs |
Fund
and Inception Date |
1
Year |
3
Years |
Since
Inception*
|
Fund:
Schwab 1-5 Year Corporate Bond ETF
(10/10/19) |
|
|
|
Market
Price Return2
|
6.36% |
-0.14% |
1.25% |
NAV
Return2
|
6.14% |
-0.16% |
1.23% |
Bloomberg
US 1-5 Year Corporate Bond Index |
6.20% |
-0.08% |
1.33% |
ETF
Category: Morningstar Short-Term Bond3
|
5.73% |
0.14% |
N/A |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity3 |
7.3
Yrs |
Weighted
Average Duration3 |
6.1
Yrs |
Fund
and Inception Date |
1
Year |
3
Years |
Since
Inception*
|
Fund:
Schwab 5-10 Year Corporate Bond ETF
(10/10/19) |
|
|
|
Market
Price Return2
|
8.97% |
-2.77% |
0.36% |
NAV
Return2
|
8.84% |
-2.77% |
0.38% |
Bloomberg
US 5-10 Year Corporate Bond Index |
8.84% |
-2.64% |
0.48% |
ETF
Category: Morningstar Corporate Bond3
|
8.33% |
-3.00% |
N/A |
Fund
Expense Ratio4:
0.03% |
|
EXPENSE
RATIO
(ANNUALIZED)
1
|
BEGINNING
ACCOUNT
VALUE
AT
7/1/23 |
ENDING
ACCOUNT
VALUE
(NET OF
EXPENSES)
AT
12/31/23 |
EXPENSES
PAID
DURING
PERIOD
7/1/23-12/31/23
2
|
Schwab
U.S. TIPS ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,018.20 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
Short-Term U.S. Treasury ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,032.50 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
Intermediate-Term U.S. Treasury ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,029.30 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
Long-Term U.S. Treasury ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$990.30 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
U.S. Aggregate Bond ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,032.40 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
1-5 Year Corporate Bond ETF
|
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,043.00 |
$0.15 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
Schwab
5-10 Year Corporate Bond ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$1,053.80 |
$0.16 |
Hypothetical
5% Return |
0.03% |
$1,000.00 |
$1,025.05 |
$0.15 |
1 |
Based
on the most recent six-month expense ratio; may differ from the expense
ratio provided in the Financial Highlights. Effective September 25, 2023,
the advisory fee of
the
Schwab U.S. TIPS ETF, was reduced to 0.03%. If the fund expense changes
had been in place throughout the entire most recent fiscal half-year the
expenses paid during
the period
under the actual return and hypothetical 5% return example would have been
$0.15 and $0.15, respectively (see financial note
4). |
2 |
Expenses
for each fund are equal to its annualized expense ratio, multiplied by the
average account value over the period, multiplied by 184 days in the
period, and divided
by
365 days in the fiscal year. |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$51.77 |
$62.83 |
$62.06 |
$56.57 |
$53.27 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.50 |
3.62 |
2.93 |
0.81 |
1.21 |
|
Net
realized and unrealized gains (losses) |
0.47 |
(10.95
) |
0.60 |
5.37 |
3.23 |
|
Total
from investment operations |
1.97 |
(7.33
) |
3.53 |
6.18 |
4.44 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.58
) |
(3.73
) |
(2.76
) |
(0.69
) |
(1.14
) |
|
Net
asset value at end of period |
$52.16 |
$51.77 |
$62.83 |
$62.06 |
$56.57 |
|
Total
return |
3.87
% |
(11.96
%) |
5.80
% |
10.94
% |
8.36
% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04
%2 |
0.05
%3,4 |
0.05
% |
0.05
% |
0.05
% |
|
Net
investment income (loss) |
2.88
% |
6.34
% |
4.69
% |
1.36
% |
2.18
% |
|
Portfolio
turnover rate5
|
26
% |
18
% |
19
% |
23
% |
20
% |
|
Net
assets, end of period (x 1,000,000) |
$11,420 |
$13,832 |
$21,304 |
$14,090 |
$8,734 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
September 25, 2023, the annual operating expense ratio was reduced to
0.03%. The ratio presented for the period ended December 31, 2023 is a
blended ratio (see
financial
note 4 for additional information). |
3 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.04%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
4 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
5 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.7%
OF NET ASSETS | ||
U.S.
Treasury Inflation Protected Securities | ||
0.25%,
01/15/25
|
347,424,721 |
337,362,328 |
2.38%,
01/15/25
|
236,836,777 |
235,104,126 |
0.13%,
04/15/25
|
277,613,224 |
267,836,214 |
0.38%,
07/15/25
|
380,976,494 |
369,273,620 |
0.13%,
10/15/25
|
337,747,122 |
324,874,431 |
0.63%,
01/15/26
|
320,767,434 |
309,685,112 |
2.00%,
01/15/26
|
152,867,389 |
151,733,663 |
0.13%,
04/15/26
|
260,869,088 |
248,384,702 |
0.13%,
07/15/26
|
319,731,478 |
304,780,643 |
0.13%,
10/15/26
|
361,016,134 |
342,963,270 |
0.38%,
01/15/27
|
297,723,898 |
283,164,663 |
2.38%,
01/15/27
|
147,775,794 |
149,171,034 |
0.13%,
04/15/27
|
368,804,532 |
346,722,176 |
0.38%,
07/15/27
|
328,241,643 |
312,058,280 |
1.63%,
10/15/27
|
369,830,637 |
367,136,124 |
0.50%,
01/15/28
|
335,210,379 |
317,409,501 |
1.75%,
01/15/28
|
138,947,822 |
138,234,964 |
1.25%,
04/15/28
|
365,225,563 |
355,987,219 |
3.63%,
04/15/28
|
142,235,628 |
152,533,843 |
0.75%,
07/15/28
|
291,795,314 |
279,520,944 |
2.38%,
10/15/28
|
376,833,568 |
388,271,936 |
0.88%,
01/15/29
|
250,285,309 |
239,774,027 |
2.50%,
01/15/29
|
128,313,797 |
132,809,566 |
3.88%,
04/15/29
|
165,048,385 |
182,194,107 |
0.25%,
07/15/29
|
295,687,331 |
273,632,575 |
0.13%,
01/15/30
|
334,034,875 |
303,082,234 |
0.13%,
07/15/30
|
369,857,586 |
334,431,443 |
0.13%,
01/15/31
|
382,805,324 |
341,990,812 |
0.13%,
07/15/31
|
391,184,969 |
348,162,094 |
0.13%,
01/15/32
|
427,076,644 |
375,558,816 |
3.38%,
04/15/32
|
59,437,698 |
66,620,292 |
0.63%,
07/15/32
|
443,117,095 |
405,402,734 |
1.13%,
01/15/33
|
432,380,127 |
409,649,947 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.38%,
07/15/33
|
422,704,294 |
410,312,760 |
2.13%,
02/15/40
|
77,514,406 |
79,851,202 |
2.13%,
02/15/41
|
112,137,315 |
115,618,876 |
0.75%,
02/15/42
|
181,773,712 |
147,920,376 |
0.63%,
02/15/43
|
142,746,556 |
111,890,517 |
1.38%,
02/15/44
|
196,324,627 |
175,977,307 |
0.75%,
02/15/45
|
216,067,676 |
169,529,399 |
1.00%,
02/15/46
|
111,300,288 |
91,348,042 |
0.88%,
02/15/47
|
136,370,867 |
107,854,778 |
1.00%,
02/15/48
|
99,141,001 |
80,278,950 |
1.00%,
02/15/49
|
92,865,685 |
75,021,961 |
0.25%,
02/15/50
|
140,354,887 |
91,919,075 |
0.13%,
02/15/51
|
141,280,607 |
87,853,029 |
0.13%,
02/15/52
|
163,770,021 |
100,907,193 |
1.50%,
02/15/53
|
156,629,380 |
142,523,307 |
Total
Treasuries
(Cost
$12,611,934,239) |
11,384,324,212 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS | ||
| ||
Money
Market Funds 0.0% | ||
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 5.32%
(a) |
101,762 |
101,762 |
Total
Short-Term Investments
(Cost
$101,762) |
101,762 | |
Total
Investments in Securities
(Cost
$12,612,036,001) |
11,384,425,974 |
(a) |
The
rate shown is the annualized 7-day
yield. |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Treasuries1
|
$— |
$11,384,324,212 |
$— |
$11,384,324,212
|
Short-Term
Investments1
|
101,762 |
— |
— |
101,762 |
Total |
$101,762 |
$11,384,324,212 |
$— |
$11,384,425,974 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$12,612,036,001) |
|
$11,384,425,974
|
Receivables: |
|
|
Investments
sold |
|
248,946,572 |
Interest |
|
36,196,215 |
Dividends |
+ |
30,510 |
Total
assets |
|
11,669,599,271 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
183,724,097 |
Fund
shares redeemed |
|
65,199,222 |
Management
fees |
+ |
296,801 |
Total
liabilities |
|
249,220,120 |
Net
assets |
|
$11,420,379,151 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$13,541,337,368
|
Total
distributable loss |
+ |
(2,120,958,217
) |
Net
assets |
|
$11,420,379,151 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$11,420,379,151 |
|
218,950,000 |
|
$52.16 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$358,276,809 |
Dividends
received from securities - unaffiliated
|
+ |
400,378 |
Total
investment income
|
|
358,677,187 |
| ||
Expenses | ||
Management
fees |
|
4,604,229 |
Total
expenses |
– |
4,604,229 |
Net
investment income |
|
354,072,958 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(575,761,163
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(208,915,006
) |
Net
realized losses |
|
(784,676,169
) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
935,992,462 |
Net
realized and unrealized gains |
|
151,316,293 |
Increase
in net assets resulting from operations |
|
$505,389,251 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$354,072,958 |
$1,070,635,987 |
Net
realized losses |
|
(784,676,169
) |
(386,638,993
) |
Net
change in unrealized appreciation (depreciation) |
+ |
935,992,462 |
(2,910,566,700
) |
Increase
(decrease) in net assets resulting from operations |
|
$505,389,251 |
($2,226,569,706
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($357,550,940
) |
($1,069,955,140
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
75,500,000 |
$3,952,028,772 |
120,550,000 |
$7,032,380,314 |
Shares
redeemed |
+ |
(123,750,000
) |
(6,511,799,695
) |
(192,400,000
) |
(11,207,272,315
) |
Net
transactions in fund shares
|
|
(48,250,000
) |
($2,559,770,923
) |
(71,850,000
) |
($4,174,892,001
) |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
267,200,000 |
$13,832,311,763 |
339,050,000 |
$21,303,728,610
|
Total
decrease |
+ |
(48,250,000
) |
(2,411,932,612
) |
(71,850,000
) |
(7,471,416,847
) |
End
of period |
|
218,950,000 |
$11,420,379,151 |
267,200,000 |
$13,832,311,763 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$48.24 |
$50.84 |
$51.39 |
$50.48 |
$49.88 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.82 |
0.68 |
0.21 |
0.65 |
1.14 |
|
Net
realized and unrealized gains (losses) |
0.19 |
(2.64
) |
(0.55
) |
0.91 |
0.60 |
|
Total
from investment operations |
2.01 |
(1.96
) |
(0.34
) |
1.56 |
1.74 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.82
) |
(0.64
) |
(0.21
) |
(0.65
) |
(1.14
) |
|
Net
asset value at end of period |
$48.43 |
$48.24 |
$50.84 |
$51.39 |
$50.48 |
|
Total
return |
4.26
% |
(3.85
%) |
(0.66
%) |
3.11
% |
3.53
% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%2,3 |
0.05
%4 |
0.05
% |
0.06
%5 |
|
Net
investment income (loss) |
3.78
% |
1.39
% |
0.41
% |
1.26
% |
2.27
% |
|
Portfolio
turnover rate6
|
81
% |
106
% |
73
% |
74
% |
77
% |
|
Net
assets, end of period (x 1,000,000) |
$11,900 |
$10,256 |
$8,956 |
$7,508 |
$5,263 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
3 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
4 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for the period ended December 31, 2021 is
a blended ratio. |
5 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended December 31, 2019 is a
blended ratio. |
6 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.4%
OF NET ASSETS | ||
U.S.
Treasury Bonds | ||
7.63%,
02/15/25
|
11,586,000 |
11,997,617 |
6.88%,
08/15/25
|
11,842,000 |
12,303,418 |
6.00%,
02/15/26
|
21,948,000 |
22,723,893 |
6.75%,
08/15/26
|
12,502,000 |
13,324,387 |
6.50%,
11/15/26
|
13,918,000 |
14,840,059 |
U.S.
Treasury Notes | ||
1.13%,
01/15/25
|
137,678,000 |
132,668,696 |
1.38%,
01/31/25
|
91,223,000 |
88,048,239 |
2.50%,
01/31/25
|
89,314,000 |
87,241,817 |
4.13%,
01/31/25
|
143,933,000 |
143,061,730 |
1.50%,
02/15/25
|
164,875,000 |
159,169,187 |
2.00%,
02/15/25
|
176,568,000 |
171,402,397 |
1.13%,
02/28/25
|
108,409,000 |
104,136,450 |
2.75%,
02/28/25
|
90,508,000 |
88,581,347 |
4.63%,
02/28/25
|
132,451,000 |
132,381,304 |
1.75%,
03/15/25
|
156,817,000 |
151,570,750 |
0.50%,
03/31/25
|
131,317,000 |
124,877,214 |
2.63%,
03/31/25
|
54,923,000 |
53,642,289 |
3.88%,
03/31/25
|
138,590,000 |
137,396,491 |
2.63%,
04/15/25
|
144,767,000 |
141,238,594 |
0.38%,
04/30/25
|
136,434,000 |
129,149,066 |
2.88%,
04/30/25
|
84,707,000 |
82,879,014 |
3.88%,
04/30/25
|
132,817,000 |
131,642,074 |
2.13%,
05/15/25
|
162,656,000 |
157,497,137 |
2.75%,
05/15/25
|
147,292,000 |
143,799,869 |
0.25%,
05/31/25
|
132,919,000 |
125,203,903 |
2.88%,
05/31/25
|
74,544,000 |
72,856,719 |
4.25%,
05/31/25
|
130,641,000 |
130,174,220 |
2.88%,
06/15/25
|
134,858,000 |
131,831,867 |
0.25%,
06/30/25
|
142,517,000 |
133,882,964 |
2.75%,
06/30/25
|
56,165,000 |
54,804,869 |
4.63%,
06/30/25
|
137,888,000 |
138,230,169 |
3.00%,
07/15/25
|
137,599,000 |
134,637,663 |
0.25%,
07/31/25
|
144,161,000 |
135,044,446 |
2.88%,
07/31/25
|
68,973,000 |
67,340,416 |
4.75%,
07/31/25
|
136,012,000 |
136,652,344 |
2.00%,
08/15/25
|
178,370,000 |
171,695,519 |
3.13%,
08/15/25
|
137,622,000 |
134,904,764 |
0.25%,
08/31/25
|
143,553,000 |
134,073,980 |
2.75%,
08/31/25
|
71,425,000 |
69,548,851 |
5.00%,
08/31/25
|
147,530,000 |
148,918,965 |
3.50%,
09/15/25
|
125,339,000 |
123,517,874 |
0.25%,
09/30/25
|
163,136,000 |
151,968,802 |
3.00%,
09/30/25
|
64,623,000 |
63,160,278 |
5.00%,
09/30/25
|
154,461,000 |
156,057,015 |
4.25%,
10/15/25
|
128,394,000 |
128,188,518 |
0.25%,
10/31/25
|
174,887,000 |
162,505,525 |
3.00%,
10/31/25
|
59,417,000 |
58,054,705 |
5.00%,
10/31/25
|
163,595,000 |
165,480,285 |
2.25%,
11/15/25
|
192,075,000 |
185,052,738 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.50%,
11/15/25
|
129,406,000 |
129,878,759 |
0.38%,
11/30/25
|
168,908,000 |
156,897,037 |
2.88%,
11/30/25
|
72,796,000 |
70,942,126 |
4.88%,
11/30/25
|
173,518,000 |
175,344,815 |
4.00%,
12/15/25
|
130,830,000 |
130,165,802 |
0.38%,
12/31/25
|
178,520,000 |
165,501,304 |
2.63%,
12/31/25
|
69,220,000 |
67,105,703 |
4.25%,
12/31/25
|
185,000,000 |
185,007,276 |
3.88%,
01/15/26
|
127,922,000 |
126,987,747 |
0.38%,
01/31/26
|
189,719,000 |
175,305,592 |
2.63%,
01/31/26
|
82,582,000 |
80,020,868 |
1.63%,
02/15/26
|
164,412,000 |
155,883,654 |
4.00%,
02/15/26
|
129,278,000 |
128,732,783 |
0.50%,
02/28/26
|
196,735,000 |
181,857,742 |
2.50%,
02/28/26
|
87,415,000 |
84,389,847 |
4.63%,
03/15/26
|
132,745,000 |
133,927,386 |
0.75%,
03/31/26
|
181,824,000 |
168,798,765 |
2.25%,
03/31/26
|
86,395,000 |
82,909,083 |
3.75%,
04/15/26
|
133,805,000 |
132,587,401 |
0.75%,
04/30/26
|
178,096,000 |
164,802,184 |
2.38%,
04/30/26
|
64,745,000 |
62,233,794 |
1.63%,
05/15/26
|
164,262,000 |
155,061,357 |
3.63%,
05/15/26
|
133,215,000 |
131,706,180 |
0.75%,
05/31/26
|
189,831,000 |
175,290,496 |
2.13%,
05/31/26
|
78,637,000 |
75,110,878 |
4.13%,
06/15/26
|
128,418,000 |
128,428,235 |
0.88%,
06/30/26
|
167,815,000 |
155,236,192 |
1.88%,
06/30/26
|
70,010,000 |
66,416,772 |
4.50%,
07/15/26
|
128,067,000 |
129,282,791 |
0.63%,
07/31/26
|
181,298,000 |
166,101,021 |
1.88%,
07/31/26
|
75,904,000 |
71,839,272 |
1.50%,
08/15/26
|
171,085,000 |
160,185,722 |
4.38%,
08/15/26
|
137,041,000 |
137,999,410 |
0.75%,
08/31/26
|
195,121,000 |
178,955,889 |
1.38%,
08/31/26
|
71,336,000 |
66,529,487 |
4.63%,
09/15/26
|
141,331,000 |
143,313,125 |
0.88%,
09/30/26
|
178,996,000 |
164,460,451 |
1.63%,
09/30/26
|
59,424,000 |
55,738,108 |
4.63%,
10/15/26
|
150,075,000 |
152,343,909 |
1.13%,
10/31/26
|
177,801,000 |
164,084,791 |
1.63%,
10/31/26
|
77,600,000 |
72,677,584 |
2.00%,
11/15/26
|
161,606,000 |
152,838,260 |
4.63%,
11/15/26
|
156,655,000 |
159,170,253 |
1.25%,
11/30/26
|
191,436,000 |
177,049,068 |
1.63%,
11/30/26
|
72,426,000 |
67,718,556 |
4.38%,
12/15/26
|
165,000,000 |
166,669,336 |
1.25%,
12/31/26
|
185,000,000 |
170,843,522 |
1.75%,
12/31/26
|
75,000,000 |
70,297,980 |
Total
Treasuries
(Cost
$11,812,172,108) |
11,823,988,751 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS | ||
| ||
Money
Market Funds 0.0% | ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(a) |
6,844,438 |
6,844,438 |
Total
Short-Term Investments
(Cost
$6,844,438) |
6,844,438 | |
Total
Investments in Securities
(Cost
$11,819,016,546) |
11,830,833,189 |
(a) |
The
rate shown is the annualized 7-day
yield. |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Treasuries1
|
$— |
$11,823,988,751 |
$— |
$11,823,988,751
|
Short-Term
Investments1
|
6,844,438 |
— |
— |
6,844,438 |
Total |
$6,844,438 |
$11,823,988,751 |
$— |
$11,830,833,189 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$11,819,016,546) |
|
$11,830,833,189
|
Receivables: |
|
|
Investments
sold |
|
583,969,785 |
Interest |
|
78,647,658 |
Fund
shares sold |
|
7,265,253 |
Dividends |
+ |
54,535 |
Total
assets |
|
12,500,770,420 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
600,132,739 |
Management
fees |
+ |
302,150 |
Total
liabilities |
|
600,434,889 |
Net
assets |
|
$11,900,335,531 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$12,386,675,467
|
Total
distributable loss |
+ |
(486,339,936
) |
Net
assets |
|
$11,900,335,531 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$11,900,335,531 |
|
245,700,000 |
|
$48.43 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$488,429,219 |
Dividends
received from securities - unaffiliated
|
+ |
585,350 |
Total
investment income
|
|
489,014,569 |
| ||
Expenses | ||
Management
fees |
|
3,852,335 |
Total
expenses |
– |
3,852,335 |
Net
investment income |
|
485,162,234 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(218,157,256
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(18,906,416
) |
Net
realized losses |
|
(237,063,672
) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
241,576,809 |
Net
realized and unrealized gains |
|
4,513,137 |
Increase
in net assets resulting from operations |
|
$489,675,371 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$485,162,234 |
$126,577,182 |
Net
realized losses |
|
(237,063,672
) |
(295,587,090
) |
Net
change in unrealized appreciation (depreciation) |
+ |
241,576,809 |
(170,555,069
) |
Increase
(decrease) in net assets resulting from operations |
|
$489,675,371 |
($339,564,977
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($486,218,420
) |
($125,786,895
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
124,000,000 |
$6,014,290,572 |
102,900,000 |
$5,050,820,539 |
Shares
redeemed |
+ |
(90,900,000
) |
(4,373,360,928
) |
(66,450,000
) |
(3,285,327,283
) |
Net
transactions in fund shares
|
|
33,100,000 |
$1,640,929,644 |
36,450,000 |
$1,765,493,256 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
212,600,000 |
$10,255,948,936 |
176,150,000 |
$8,955,807,552 |
Total
increase |
+ |
33,100,000 |
1,644,386,595 |
36,450,000 |
1,300,141,384 |
End
of period |
|
245,700,000 |
$11,900,335,531 |
212,600,000 |
$10,255,948,936 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$49.22 |
$56.16 |
$58.21 |
$54.97 |
$52.89 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.57 |
1.12 |
0.55 |
0.94 |
1.28 |
|
Net
realized and unrealized gains (losses) |
0.50 |
(7.06
) |
(2.04
) |
3.24 |
2.07 |
|
Total
from investment operations |
2.07 |
(5.94
) |
(1.49
) |
4.18 |
3.35 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.57
) |
(1.00
) |
(0.56
) |
(0.94
) |
(1.27
) |
|
Net
asset value at end of period |
$49.72 |
$49.22 |
$56.16 |
$58.21 |
$54.97 |
|
Total
return |
4.29
% |
(10.63
%) |
(2.57
%) |
7.62
% |
6.38
% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%2,3 |
0.05
%4 |
0.05
% |
0.06
%5 |
|
Net
investment income (loss) |
3.20
% |
2.18
% |
0.97
% |
1.63
% |
2.35
% |
|
Portfolio
turnover rate6
|
56
% |
88
% |
56
% |
51
% |
38
% |
|
Net
assets, end of period (x 1,000,000) |
$7,878 |
$7,555 |
$3,712 |
$3,953 |
$4,736 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
3 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
4 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for the period ended December 31, 2021 is
a blended ratio. |
5 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended December 31, 2019 is a
blended ratio. |
6 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.3%
OF NET ASSETS | ||
U.S.
Treasury Bonds | ||
6.63%,
02/15/27
|
4,634,000 |
4,988,966 |
6.38%,
08/15/27
|
5,788,000 |
6,254,141 |
6.13%,
11/15/27
|
12,928,000 |
13,948,384 |
5.50%,
08/15/28
|
7,218,000 |
7,718,249 |
5.25%,
11/15/28
|
12,877,000 |
13,653,689 |
5.25%,
02/15/29
|
7,384,000 |
7,843,483 |
6.13%,
08/15/29
|
6,708,000 |
7,446,339 |
6.25%,
05/15/30
|
10,550,000 |
11,934,426 |
5.38%,
02/15/31
|
12,998,000 |
14,246,584 |
U.S.
Treasury Notes | ||
2.25%,
02/15/27
|
77,178,000 |
73,288,931 |
1.13%,
02/28/27
|
22,354,000 |
20,484,455 |
1.88%,
02/28/27
|
97,164,000 |
91,129,115 |
0.63%,
03/31/27
|
37,293,000 |
33,531,568 |
2.50%,
03/31/27
|
106,570,000 |
101,898,930 |
0.50%,
04/30/27
|
53,454,000 |
47,738,821 |
2.75%,
04/30/27
|
92,874,000 |
89,365,406 |
2.38%,
05/15/27
|
91,030,000 |
86,488,686 |
0.50%,
05/31/27
|
48,348,000 |
43,057,801 |
2.63%,
05/31/27
|
79,229,000 |
75,864,374 |
0.50%,
06/30/27
|
58,153,000 |
51,660,375 |
3.25%,
06/30/27
|
77,762,000 |
76,014,742 |
0.38%,
07/31/27
|
68,116,000 |
60,087,882 |
2.75%,
07/31/27
|
73,195,000 |
70,272,280 |
2.25%,
08/15/27
|
72,414,000 |
68,303,260 |
0.50%,
08/31/27
|
61,669,000 |
54,501,810 |
3.13%,
08/31/27
|
70,053,000 |
68,103,915 |
0.38%,
09/30/27
|
78,329,000 |
68,729,797 |
4.13%,
09/30/27
|
69,126,000 |
69,589,552 |
0.50%,
10/31/27
|
74,904,000 |
65,870,712 |
4.13%,
10/31/27
|
69,652,000 |
70,110,791 |
2.25%,
11/15/27
|
71,234,000 |
66,995,121 |
0.63%,
11/30/27
|
80,543,000 |
71,002,577 |
3.88%,
11/30/27
|
68,661,000 |
68,523,094 |
0.63%,
12/31/27
|
83,008,000 |
73,013,347 |
3.88%,
12/31/27
|
67,011,000 |
66,920,783 |
0.75%,
01/31/28
|
92,488,000 |
81,564,936 |
3.50%,
01/31/28
|
65,570,000 |
64,554,524 |
2.75%,
02/15/28
|
93,891,000 |
89,763,195 |
1.13%,
02/29/28
|
96,869,000 |
86,624,096 |
4.00%,
02/29/28
|
68,470,000 |
68,709,330 |
1.25%,
03/31/28
|
85,677,000 |
76,863,296 |
3.63%,
03/31/28
|
67,743,000 |
67,011,172 |
1.25%,
04/30/28
|
96,698,000 |
86,587,982 |
3.50%,
04/30/28
|
58,196,000 |
57,285,326 |
2.88%,
05/15/28
|
98,982,000 |
94,946,920 |
1.25%,
05/31/28
|
96,610,000 |
86,339,217 |
3.63%,
05/31/28
|
65,684,000 |
65,004,972 |
1.25%,
06/30/28
|
88,596,000 |
79,028,252 |
4.00%,
06/30/28
|
62,748,000 |
63,052,660 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.00%,
07/31/28
|
92,285,000 |
81,179,663 |
4.13%,
07/31/28
|
61,777,000 |
62,419,598 |
2.88%,
08/15/28
|
99,044,000 |
94,804,838 |
1.13%,
08/31/28
|
91,377,000 |
80,694,910 |
4.38%,
08/31/28
|
65,528,000 |
66,936,433 |
1.25%,
09/30/28
|
94,974,000 |
84,190,329 |
4.63%,
09/30/28
|
74,901,000 |
77,327,036 |
1.38%,
10/31/28
|
84,136,000 |
74,904,867 |
4.88%,
10/31/28
|
80,725,000 |
84,269,724 |
3.13%,
11/15/28
|
89,906,000 |
86,882,794 |
1.50%,
11/30/28
|
86,693,000 |
77,519,840 |
4.38%,
11/30/28
|
81,291,000 |
83,199,729 |
1.38%,
12/31/28
|
84,834,000 |
75,284,152 |
3.75%,
12/31/28
|
90,000,000 |
89,612,187 |
1.75%,
01/31/29
|
81,831,000 |
73,852,960 |
2.63%,
02/15/29
|
93,342,000 |
87,935,099 |
1.88%,
02/28/29
|
76,596,000 |
69,478,294 |
2.38%,
03/31/29
|
71,915,000 |
66,794,026 |
2.88%,
04/30/29
|
65,214,000 |
62,067,927 |
2.38%,
05/15/29
|
77,277,000 |
71,680,461 |
2.75%,
05/31/29
|
64,861,000 |
61,275,821 |
3.25%,
06/30/29
|
59,666,000 |
57,787,219 |
2.63%,
07/31/29
|
59,418,000 |
55,676,359 |
1.63%,
08/15/29
|
71,296,000 |
63,475,570 |
3.13%,
08/31/29
|
55,143,000 |
52,995,158 |
3.88%,
09/30/29
|
52,448,000 |
52,371,772 |
4.00%,
10/31/29
|
55,629,000 |
55,923,967 |
1.75%,
11/15/29
|
49,179,000 |
43,916,916 |
3.88%,
11/30/29
|
51,566,000 |
51,500,955 |
3.88%,
12/31/29
|
55,223,000 |
55,148,935 |
3.50%,
01/31/30
|
54,480,000 |
53,311,012 |
1.50%,
02/15/30
|
89,077,000 |
77,645,856 |
4.00%,
02/28/30
|
54,200,000 |
54,493,498 |
3.63%,
03/31/30
|
49,953,000 |
49,202,936 |
3.50%,
04/30/30
|
53,587,000 |
52,397,149 |
0.63%,
05/15/30
|
120,170,000 |
98,251,869 |
3.75%,
05/31/30
|
54,366,000 |
53,908,385 |
3.75%,
06/30/30
|
54,369,000 |
53,904,895 |
4.00%,
07/31/30
|
55,069,000 |
55,399,133 |
0.63%,
08/15/30
|
163,232,000 |
132,496,361 |
4.13%,
08/31/30
|
56,819,000 |
57,559,022 |
4.63%,
09/30/30
|
57,310,000 |
59,771,058 |
4.88%,
10/31/30
|
57,755,000 |
61,123,907 |
0.88%,
11/15/30
|
165,553,000 |
136,086,900 |
4.38%,
11/30/30
|
57,912,000 |
59,588,888 |
3.88%,
12/31/30
|
62,000,000 |
61,516,535 |
1.13%,
02/15/31
|
161,438,000 |
134,809,932 |
1.63%,
05/15/31
|
160,012,000 |
137,306,153 |
1.25%,
08/15/31
|
174,744,000 |
144,718,804 |
1.38%,
11/15/31
|
173,013,000 |
143,744,131 |
1.88%,
02/15/32
|
156,405,000 |
134,539,440 |
2.88%,
05/15/32
|
158,829,000 |
147,269,759 |
2.75%,
08/15/32
|
149,010,000 |
136,546,953 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.13%,
11/15/32
|
152,780,000 |
155,385,312 |
3.50%,
02/15/33
|
153,361,000 |
148,799,569 |
3.38%,
05/15/33
|
151,583,000 |
145,568,353 |
3.88%,
08/15/33
|
163,172,000 |
163,071,225 |
4.50%,
11/15/33
|
119,460,000 |
125,497,031 |
Total
Treasuries
(Cost
$7,927,955,345) |
7,822,939,869 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS | ||
| ||
Money
Market Funds 0.0% | ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(a) |
2,588,319 |
2,588,319 |
Total
Short-Term Investments
(Cost
$2,588,319) |
2,588,319 | |
Total
Investments in Securities
(Cost
$7,930,543,664) |
7,825,528,188 |
(a) |
The
rate shown is the annualized 7-day
yield. |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Treasuries1
|
$— |
$7,822,939,869 |
$— |
$7,822,939,869 |
Short-Term
Investments1
|
2,588,319 |
— |
— |
2,588,319 |
Total |
$2,588,319 |
$7,822,939,869 |
$— |
$7,825,528,188 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$7,930,543,664) |
|
$7,825,528,188 |
Receivables: |
|
|
Investments
sold |
|
210,323,379 |
Interest |
|
54,096,305 |
Fund
shares sold |
|
14,916,812 |
Dividends |
+ |
30,990 |
Total
assets |
|
8,104,895,674 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
226,255,253 |
Management
fees |
+ |
196,485 |
Total
liabilities |
|
226,451,738 |
Net
assets |
|
$7,878,443,936 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$8,590,850,532 |
Total
distributable loss |
+ |
(712,406,596
) |
Net
assets |
|
$7,878,443,936 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$7,878,443,936 |
|
158,450,000 |
|
$49.72 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$240,145,562 |
Dividends
received from securities - unaffiliated
|
+ |
406,716 |
Total
investment income
|
|
240,552,278 |
| ||
Expenses | ||
Management
fees |
|
2,237,471 |
Total
expenses |
– |
2,237,471 |
Net
investment income |
|
238,314,807 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(244,279,190
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(5,479,649
) |
Net
realized losses |
|
(249,758,839
) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
316,546,557 |
Net
realized and unrealized gains |
|
66,787,718 |
Increase
in net assets resulting from operations |
|
$305,102,525 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$238,314,807 |
$140,884,355 |
Net
realized losses |
|
(249,758,839
) |
(373,456,484
) |
Net
change in unrealized appreciation (depreciation) |
+ |
316,546,557 |
(373,736,025
) |
Increase
(decrease) in net assets resulting from operations |
|
$305,102,525 |
($606,308,154
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($238,302,970
) |
($140,863,160
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
95,000,000 |
$4,712,985,986 |
139,150,000 |
$7,219,464,611 |
Shares
redeemed |
+ |
(90,050,000
) |
(4,456,708,447
) |
(51,750,000
) |
(2,628,923,902
) |
Net
transactions in fund shares
|
|
4,950,000 |
$256,277,539 |
87,400,000 |
$4,590,540,709 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
153,500,000 |
$7,555,366,842 |
66,100,000 |
$3,711,997,447 |
Total
increase |
+ |
4,950,000 |
323,077,094 |
87,400,000 |
3,843,369,395 |
End
of period |
|
158,450,000 |
$7,878,443,936 |
153,500,000 |
$7,555,366,842 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
10/10/191–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$35.28 |
$51.26 |
$54.87 |
$47.34 |
$50.00 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
1.40 |
1.12 |
0.86 |
0.86 |
0.22 |
|
Net
realized and unrealized gains (losses) |
(0.28
)3 |
(16.08
) |
(3.60
) |
7.50 |
(2.67
) |
|
Total
from investment operations |
1.12 |
(14.96
) |
(2.74
) |
8.36 |
(2.45
) |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.33
) |
(1.02
) |
(0.87
) |
(0.83
) |
(0.21
) |
|
Net
asset value at end of period |
$35.07 |
$35.28 |
$51.26 |
$54.87 |
$47.34 |
|
Total
return |
3.29
% |
(29.42
%) |
(4.96
%) |
17.64
% |
(4.91
%)4 |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%5,6 |
0.05
%7 |
0.05
% |
0.06
%8,9 |
|
Net
investment income (loss) |
4.11
% |
2.83
% |
1.70
% |
1.55
% |
2.07
%8 |
|
Portfolio
turnover rate10
|
35
% |
41
% |
68
% |
45
% |
3
%4 |
|
Net
assets, end of period (x 1,000) |
$620,780 |
$188,739 |
$99,948 |
$90,535 |
$18,935 |
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
The
per share amount does not accord with the change in aggregate gains and
losses in securities during the period because of the timing of fund
transactions in relation to
fluctuating
market values. |
4 |
Not
annualized. |
5 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
6 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
7 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for the period ended December 31, 2021 is
a blended ratio. |
8 |
Annualized. |
9 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended December 31, 2019 is a
blended ratio. |
10 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.1%
OF NET ASSETS | ||
U.S.
Treasury Bonds | ||
4.50%,
02/15/36
|
2,284,600 |
2,439,256 |
4.75%,
02/15/37
|
1,357,600 |
1,487,156 |
5.00%,
05/15/37
|
1,754,800 |
1,964,706 |
4.38%,
02/15/38
|
1,845,800 |
1,941,773 |
4.50%,
05/15/38
|
2,090,100 |
2,222,714 |
3.50%,
02/15/39
|
2,140,900 |
2,028,949 |
4.25%,
05/15/39
|
3,178,100 |
3,275,996 |
4.50%,
08/15/39
|
3,394,300 |
3,594,314 |
4.38%,
11/15/39
|
3,651,800 |
3,806,394 |
4.63%,
02/15/40
|
3,679,000 |
3,942,233 |
1.13%,
05/15/40
|
11,010,700 |
7,106,242 |
4.38%,
05/15/40
|
3,563,000 |
3,703,426 |
1.13%,
08/15/40
|
13,451,600 |
8,595,371 |
3.88%,
08/15/40
|
3,541,300 |
3,456,245 |
1.38%,
11/15/40
|
14,978,600 |
9,954,656 |
4.25%,
11/15/40
|
3,516,300 |
3,586,388 |
1.88%,
02/15/41
|
18,140,300 |
13,057,705 |
4.75%,
02/15/41
|
3,726,600 |
4,032,895 |
2.25%,
05/15/41
|
15,628,000 |
11,924,084 |
4.38%,
05/15/41
|
3,440,600 |
3,551,007 |
1.75%,
08/15/41
|
20,478,500 |
14,262,069 |
3.75%,
08/15/41
|
3,482,700 |
3,317,244 |
2.00%,
11/15/41
|
17,213,100 |
12,472,974 |
3.13%,
11/15/41
|
3,656,100 |
3,182,451 |
2.38%,
02/15/42
|
13,929,900 |
10,704,301 |
3.13%,
02/15/42
|
3,869,900 |
3,357,373 |
3.00%,
05/15/42
|
3,599,300 |
3,048,874 |
3.25%,
05/15/42
|
12,290,800 |
10,797,159 |
2.75%,
08/15/42
|
4,206,400 |
3,415,286 |
3.38%,
08/15/42
|
10,650,400 |
9,509,193 |
2.75%,
11/15/42
|
6,098,500 |
4,936,152 |
4.00%,
11/15/42
|
10,646,900 |
10,360,677 |
3.13%,
02/15/43
|
5,229,400 |
4,476,556 |
3.88%,
02/15/43
|
10,648,600 |
10,168,575 |
2.88%,
05/15/43
|
8,275,000 |
6,803,631 |
3.88%,
05/15/43
|
10,609,200 |
10,128,992 |
3.63%,
08/15/43
|
5,942,400 |
5,472,006 |
4.38%,
08/15/43
|
11,469,400 |
11,722,484 |
3.75%,
11/15/43
|
6,044,400 |
5,654,528 |
4.75%,
11/15/43
|
7,901,000 |
8,484,843 |
3.63%,
02/15/44
|
6,434,500 |
5,902,393 |
3.38%,
05/15/44
|
5,968,400 |
5,267,706 |
3.13%,
08/15/44
|
7,685,200 |
6,514,065 |
3.00%,
11/15/44
|
6,725,900 |
5,572,092 |
2.50%,
02/15/45
|
8,927,800 |
6,766,638 |
3.00%,
05/15/45
|
4,367,700 |
3,606,744 |
2.88%,
08/15/45
|
5,945,500 |
4,798,692 |
3.00%,
11/15/45
|
3,511,400 |
2,892,153 |
2.50%,
02/15/46
|
7,225,300 |
5,426,895 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
05/15/46
|
7,320,400 |
5,486,733 |
2.25%,
08/15/46
|
9,033,600 |
6,431,713 |
2.88%,
11/15/46
|
4,070,700 |
3,263,637 |
3.00%,
02/15/47
|
8,043,600 |
6,583,330 |
3.00%,
05/15/47
|
6,196,700 |
5,068,669 |
2.75%,
08/15/47
|
8,848,100 |
6,901,020 |
2.75%,
11/15/47
|
8,911,800 |
6,947,226 |
3.00%,
02/15/48
|
10,191,600 |
8,315,501 |
3.13%,
05/15/48
|
10,939,800 |
9,125,728 |
3.00%,
08/15/48
|
11,979,900 |
9,767,127 |
3.38%,
11/15/48
|
12,291,000 |
10,722,832 |
3.00%,
02/15/49
|
12,941,700 |
10,547,236 |
2.88%,
05/15/49
|
12,645,300 |
10,066,880 |
2.25%,
08/15/49
|
11,903,100 |
8,326,115 |
2.38%,
11/15/49
|
11,179,100 |
8,033,407 |
2.00%,
02/15/50
|
14,049,600 |
9,259,670 |
1.25%,
05/15/50
|
16,326,900 |
8,818,928 |
1.38%,
08/15/50
|
18,396,000 |
10,271,018 |
1.63%,
11/15/50
|
18,205,900 |
10,869,532 |
1.88%,
02/15/51
|
20,302,800 |
12,905,678 |
2.38%,
05/15/51
|
20,453,900 |
14,624,948 |
2.00%,
08/15/51
|
20,243,800 |
13,247,300 |
1.88%,
11/15/51
|
18,843,300 |
11,935,290 |
2.25%,
02/15/52
|
17,213,000 |
11,953,036 |
2.88%,
05/15/52
|
16,388,800 |
13,070,088 |
3.00%,
08/15/52
|
15,569,800 |
12,753,480 |
4.00%,
11/15/52
|
15,564,600 |
15,377,526 |
3.63%,
02/15/53
|
15,568,300 |
14,399,585 |
3.63%,
05/15/53
|
15,568,400 |
14,419,114 |
4.13%,
08/15/53
|
17,205,200 |
17,422,662 |
4.75%,
11/15/53
|
12,259,800 |
13,773,232 |
Total
Treasuries
(Cost
$601,475,202) |
615,382,497 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS | ||
| ||
Money
Market Funds 0.0% | ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(a) |
1,032 |
1,032 |
Total
Short-Term Investments
(Cost
$1,032) |
1,032 | |
Total
Investments in Securities
(Cost
$601,476,234) |
615,383,529 |
(a) |
The
rate shown is the annualized 7-day
yield. |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Treasuries1
|
$— |
$615,382,497 |
$— |
$615,382,497 |
Short-Term
Investments1
|
1,032 |
— |
— |
1,032 |
Total |
$1,032 |
$615,382,497 |
$— |
$615,383,529 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$601,476,234) |
|
$615,383,529 |
Cash |
|
13,672 |
Receivables: |
|
|
Investments
sold |
|
10,094,145 |
Interest |
|
5,418,651 |
Fund
shares sold |
|
3,507,211 |
Dividends |
+ |
1,682 |
Total
assets |
|
634,418,890 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
13,624,269 |
Management
fees |
+ |
14,642 |
Total
liabilities |
|
13,638,911 |
Net
assets |
|
$620,779,979 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$645,072,014 |
Total
distributable loss |
+ |
(24,292,035
) |
Net
assets |
|
$620,779,979 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$620,779,979 |
|
17,700,000 |
|
$35.07 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$13,968,119 |
Dividends
received from securities - unaffiliated
|
+ |
30,479 |
Total
investment income
|
|
13,998,598 |
| ||
Expenses | ||
Management
fees |
|
101,381 |
Total
expenses |
– |
101,381 |
Net
investment income |
|
13,897,217 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(26,508,249
) |
Net
realized gains on sales of in-kind redemptions -
unaffiliated |
+ |
2,997,505 |
Net
realized losses |
|
(23,510,744
) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
31,909,450 |
Net
realized and unrealized gains |
|
8,398,706 |
Increase
in net assets resulting from operations |
|
$22,295,923 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$13,897,217 |
$2,886,195 |
Net
realized losses |
|
(23,510,744
) |
(14,922,098
) |
Net
change in unrealized appreciation (depreciation) |
+ |
31,909,450 |
(16,768,720
) |
Increase
(decrease) in net assets resulting from operations |
|
$22,295,923 |
($28,804,623
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($13,873,040
) |
($2,856,565
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
15,000,000 |
$511,867,145 |
5,450,000 |
$203,105,803 |
Shares
redeemed |
+ |
(2,650,000
) |
(88,248,979
) |
(2,050,000
) |
(82,653,392
) |
Net
transactions in fund shares
|
|
12,350,000 |
$423,618,166 |
3,400,000 |
$120,452,411 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
5,350,000 |
$188,738,930 |
1,950,000 |
$99,947,707 |
Total
increase |
+ |
12,350,000 |
432,041,049 |
3,400,000 |
88,791,223 |
End
of period |
|
17,700,000 |
$620,779,979 |
5,350,000 |
$188,738,930 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$45.70 |
$53.91 |
$56.05 |
$53.43 |
$50.59 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.50 |
1.11 |
0.96 |
1.19 |
1.43 |
|
Net
realized and unrealized gains (losses) |
0.97 |
(8.12
) |
(1.93
) |
2.79 |
2.90 |
|
Total
from investment operations |
2.47 |
(7.01
) |
(0.97
) |
3.98 |
4.33 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.53
) |
(1.20
) |
(1.17
) |
(1.36
) |
(1.49
) |
|
Net
asset value at end of period |
$46.64 |
$45.70 |
$53.91 |
$56.05 |
$53.43 |
|
Total
return |
5.53
% |
(13.09
%) |
(1.74
%) |
7.50
% |
8.64
% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%2,3 |
0.04
% |
0.04
% |
0.04
% |
|
Net
investment income (loss) |
3.28
% |
2.29
% |
1.76
% |
2.14
% |
2.71
% |
|
Portfolio
turnover rate4,5
|
63
% |
53
% |
48
% |
68
% |
63
% |
|
Net
assets, end of period (x 1,000,000) |
$7,584 |
$6,805 |
$9,074 |
$8,733 |
$7,384 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
3 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
4 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or redemptions. |
5 |
Includes
to-be-announced (TBA)
transactions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
24.6%
OF NET ASSETS | ||
| ||
Financial
Institutions 8.1% | ||
Banking
5.7%
| ||
Ally
Financial, Inc. | ||
4.63%,
03/30/25
|
150,000 |
148,181 |
5.80%,
05/01/25
(a) |
250,000 |
250,478 |
2.20%,
11/02/28
(a) |
150,000 |
128,423 |
6.99%,
06/13/29
(a)(b) |
200,000 |
206,963 |
6.85%,
01/03/30
(a)(b) |
270,000 |
277,769 |
8.00%,
11/01/31
|
950,000 |
1,041,128 |
8.00%,
11/01/31
(c) |
350,000 |
383,045 |
American
Express Co. | ||
2.25%,
03/04/25
(a) |
575,000 |
556,519 |
3.95%,
08/01/25
(a) |
600,000 |
590,675 |
4.20%,
11/06/25
(a) |
300,000 |
296,672 |
4.90%,
02/13/26
(a) |
300,000 |
300,755 |
4.99%,
05/01/26
(a)(b) |
250,000 |
249,443 |
3.13%,
05/20/26
(a) |
75,000 |
72,405 |
6.34%,
10/30/26
(a)(b) |
400,000 |
408,173 |
1.65%,
11/04/26
(a) |
250,000 |
230,806 |
2.55%,
03/04/27
(a) |
575,000 |
539,152 |
3.30%,
05/03/27
(a) |
600,000 |
574,107 |
5.39%,
07/28/27
(a)(b) |
400,000 |
404,908 |
5.85%,
11/05/27
(a) |
500,000 |
522,103 |
4.05%,
05/03/29
(a) |
300,000 |
297,252 |
5.28%,
07/27/29
(a)(b) |
400,000 |
408,466 |
6.49%,
10/30/31
(a)(b) |
300,000 |
325,585 |
4.99%,
05/26/33
(a)(b) |
250,000 |
249,561 |
4.42%,
08/03/33
(a)(b) |
400,000 |
385,509 |
5.04%,
05/01/34
(a)(b) |
300,000 |
299,739 |
4.05%,
12/03/42
|
240,000 |
217,296 |
American
Express Credit Corp. | ||
3.30%,
05/03/27
(a) |
50,000 |
47,801 |
Australia
& New Zealand Banking Group Ltd. | ||
5.38%,
07/03/25
|
300,000 |
302,793 |
5.67%,
10/03/25
|
275,000 |
279,484 |
3.70%,
11/16/25
|
350,000 |
343,529 |
5.09%,
12/08/25
|
250,000 |
251,599 |
Banco
Bilbao Vizcaya Argentaria SA | ||
1.13%,
09/18/25
|
400,000 |
373,317 |
5.86%,
09/14/26
(a)(b) |
200,000 |
201,154 |
6.14%,
09/14/28
(a)(b) |
200,000 |
205,616 |
7.88%,
11/15/34
(a)(b) |
400,000 |
436,263 |
Banco
Santander SA | ||
3.50%,
03/24/25
|
200,000 |
195,771 |
2.75%,
05/28/25
|
800,000 |
772,385 |
5.15%,
08/18/25
|
600,000 |
596,900 |
5.18%,
11/19/25
|
600,000 |
595,113 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.25%,
04/11/27
|
600,000 |
581,751 |
5.29%,
08/18/27
|
600,000 |
601,972 |
1.72%,
09/14/27
(a)(b) |
400,000 |
362,260 |
3.80%,
02/23/28
|
600,000 |
567,213 |
4.18%,
03/24/28
(a)(b) |
400,000 |
384,823 |
4.38%,
04/12/28
|
400,000 |
388,911 |
5.59%,
08/08/28
|
400,000 |
408,346 |
3.31%,
06/27/29
|
600,000 |
554,198 |
3.49%,
05/28/30
|
600,000 |
541,107 |
2.75%,
12/03/30
|
400,000 |
332,561 |
2.96%,
03/25/31
|
200,000 |
172,157 |
3.23%,
11/22/32
(a)(b) |
400,000 |
334,793 |
6.92%,
08/08/33
|
200,000 |
213,543 |
6.94%,
11/07/33
|
200,000 |
222,653 |
Bank
of America Corp. | ||
4.00%,
01/22/25
|
700,000 |
690,579 |
3.95%,
04/21/25
|
700,000 |
688,448 |
3.88%,
08/01/25
|
800,000 |
789,132 |
3.37%,
01/23/26
(a)(b) |
500,000 |
488,446 |
2.02%,
02/13/26
(a)(b) |
390,000 |
374,818 |
4.45%,
03/03/26
|
550,000 |
544,016 |
3.38%,
04/02/26
(a)(b) |
500,000 |
486,788 |
3.50%,
04/19/26
|
850,000 |
827,682 |
1.32%,
06/19/26
(a)(b) |
700,000 |
659,248 |
4.83%,
07/22/26
(a)(b) |
325,000 |
322,742 |
6.22%,
09/15/26
|
200,000 |
207,415 |
4.25%,
10/22/26
|
500,000 |
491,333 |
1.20%,
10/24/26
(a)(b) |
900,000 |
836,125 |
5.08%,
01/20/27
(a)(b) |
1,000,000 |
998,630 |
1.66%,
03/11/27
(a)(b) |
900,000 |
832,831 |
3.56%,
04/23/27
(a)(b) |
850,000 |
818,821 |
1.73%,
07/22/27
(a)(b) |
1,700,000 |
1,558,082 |
5.93%,
09/15/27
(a)(b) |
250,000 |
255,170 |
3.25%,
10/21/27
(a) |
800,000 |
762,003 |
4.18%,
11/25/27
(a) |
500,000 |
486,455 |
3.82%,
01/20/28
(a)(b) |
950,000 |
913,972 |
2.55%,
02/04/28
(a)(b) |
485,000 |
449,843 |
3.71%,
04/24/28
(a)(b) |
500,000 |
478,245 |
4.38%,
04/27/28
(a)(b) |
750,000 |
733,573 |
3.59%,
07/21/28
(a)(b) |
850,000 |
807,030 |
4.95%,
07/22/28
(a)(b) |
900,000 |
899,867 |
6.20%,
11/10/28
(a)(b) |
500,000 |
522,308 |
3.42%,
12/20/28
(a)(b) |
1,750,000 |
1,648,146 |
3.97%,
03/05/29
(a)(b) |
800,000 |
764,783 |
5.20%,
04/25/29
(a)(b) |
950,000 |
956,204 |
2.09%,
06/14/29
(a)(b) |
1,075,000 |
949,122 |
4.27%,
07/23/29
(a)(b) |
850,000 |
821,171 |
5.82%,
09/15/29
(a)(b) |
750,000 |
774,619 |
3.97%,
02/07/30
(a)(b) |
850,000 |
806,725 |
3.19%,
07/23/30
(a)(b) |
800,000 |
725,905 |
2.88%,
10/22/30
(a)(b) |
600,000 |
532,993 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
02/13/31
(a)(b) |
1,000,000 |
860,048 |
2.59%,
04/29/31
(a)(b) |
800,000 |
689,967 |
1.90%,
07/23/31
(a)(b) |
800,000 |
654,358 |
1.92%,
10/24/31
(a)(b) |
750,000 |
609,951 |
2.65%,
03/11/32
(a)(b) |
600,000 |
507,510 |
2.69%,
04/22/32
(a)(b) |
1,450,000 |
1,225,703 |
2.30%,
07/21/32
(a)(b) |
1,250,000 |
1,021,686 |
2.57%,
10/20/32
(a)(b) |
1,000,000 |
830,349 |
2.97%,
02/04/33
(a)(b) |
1,000,000 |
850,645 |
4.57%,
04/27/33
(a)(b) |
1,000,000 |
954,747 |
5.02%,
07/22/33
(a)(b) |
1,450,000 |
1,435,233 |
5.29%,
04/25/34
(a)(b) |
1,000,000 |
1,004,099 |
5.87%,
09/15/34
(a)(b) |
1,000,000 |
1,048,411 |
2.48%,
09/21/36
(a)(b) |
425,000 |
337,387 |
6.11%,
01/29/37
|
575,000 |
614,898 |
3.85%,
03/08/37
(a)(b) |
700,000 |
615,731 |
4.24%,
04/24/38
(a)(b) |
500,000 |
451,821 |
7.75%,
05/14/38
|
500,000 |
608,898 |
4.08%,
04/23/40
(a)(b) |
400,000 |
350,977 |
2.68%,
06/19/41
(a)(b) |
1,500,000 |
1,076,278 |
5.88%,
02/07/42
|
450,000 |
486,262 |
3.31%,
04/22/42
(a)(b) |
1,000,000 |
781,325 |
5.00%,
01/21/44
|
775,000 |
763,855 |
4.88%,
04/01/44
|
150,000 |
146,176 |
4.75%,
04/21/45
|
200,000 |
183,407 |
4.44%,
01/20/48
(a)(b) |
650,000 |
586,025 |
3.95%,
01/23/49
(a)(b) |
400,000 |
337,577 |
4.33%,
03/15/50
(a)(b) |
600,000 |
528,036 |
4.08%,
03/20/51
(a)(b) |
1,550,000 |
1,309,629 |
2.83%,
10/24/51
(a)(b) |
350,000 |
237,626 |
3.48%,
03/13/52
(a)(b) |
75,000 |
58,096 |
2.97%,
07/21/52
(a)(b) |
650,000 |
458,788 |
Bank
of America NA | ||
5.65%,
08/18/25
(a) |
500,000 |
506,467 |
5.53%,
08/18/26
(a) |
300,000 |
305,677 |
6.00%,
10/15/36
|
350,000 |
380,461 |
Bank
of Montreal | ||
1.50%,
01/10/25
|
500,000 |
481,851 |
1.85%,
05/01/25
|
475,000 |
455,810 |
3.70%,
06/07/25
|
400,000 |
392,405 |
5.92%,
09/25/25
|
300,000 |
304,816 |
5.30%,
06/05/26
|
500,000 |
505,229 |
1.25%,
09/15/26
|
400,000 |
364,625 |
5.27%,
12/11/26
|
270,000 |
273,940 |
0.95%,
01/22/27
(a)(b) |
200,000 |
184,713 |
2.65%,
03/08/27
|
300,000 |
282,579 |
4.70%,
09/14/27
(a) |
300,000 |
300,879 |
5.20%,
02/01/28
(a) |
350,000 |
356,763 |
3.80%,
12/15/32
(a)(b) |
404,000 |
372,024 |
3.09%,
01/10/37
(a)(b) |
350,000 |
284,794 |
Bank
of New York Mellon Corp. | ||
3.00%,
02/24/25
(a) |
350,000 |
342,551 |
1.60%,
04/24/25
(a) |
350,000 |
336,125 |
3.95%,
11/18/25
(a) |
300,000 |
295,029 |
0.75%,
01/28/26
(a) |
150,000 |
138,397 |
2.80%,
05/04/26
(a) |
250,000 |
239,655 |
4.41%,
07/24/26
(a)(b) |
400,000 |
395,945 |
2.45%,
08/17/26
(a) |
300,000 |
283,436 |
1.05%,
10/15/26
(a) |
150,000 |
135,896 |
2.05%,
01/26/27
(a) |
250,000 |
232,424 |
4.95%,
04/26/27
(a)(b) |
400,000 |
400,186 |
3.25%,
05/16/27
(a) |
325,000 |
311,751 |
3.40%,
01/29/28
(a) |
300,000 |
286,390 |
3.44%,
02/07/28
(a)(b) |
225,000 |
216,789 |
3.85%,
04/28/28
|
300,000 |
292,815 |
3.99%,
06/13/28
(a)(b) |
150,000 |
146,644 |
1.65%,
07/14/28
(a) |
100,000 |
88,281 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.80%,
10/25/28
(a)(b) |
400,000 |
415,215 |
3.00%,
10/30/28
(a) |
225,000 |
208,413 |
4.54%,
02/01/29
(a)(b) |
250,000 |
248,777 |
3.85%,
04/26/29
(a) |
125,000 |
121,848 |
3.30%,
08/23/29
(a) |
250,000 |
234,264 |
6.32%,
10/25/29
(a)(b) |
250,000 |
265,634 |
4.60%,
07/26/30
(a)(b) |
150,000 |
149,420 |
1.80%,
07/28/31
(a) |
300,000 |
245,445 |
4.29%,
06/13/33
(a)(b) |
270,000 |
258,150 |
5.83%,
10/25/33
(a)(b) |
500,000 |
530,544 |
4.97%,
04/26/34
(a)(b) |
250,000 |
249,244 |
Bank
of Nova Scotia | ||
1.45%,
01/10/25
|
500,000 |
481,657 |
2.20%,
02/03/25
|
400,000 |
388,018 |
3.45%,
04/11/25
|
500,000 |
489,684 |
1.30%,
06/11/25
|
350,000 |
331,891 |
5.45%,
06/12/25
|
500,000 |
502,297 |
4.50%,
12/16/25
|
400,000 |
393,786 |
4.75%,
02/02/26
|
300,000 |
299,526 |
1.05%,
03/02/26
|
350,000 |
322,596 |
1.35%,
06/24/26
|
250,000 |
229,911 |
2.70%,
08/03/26
|
400,000 |
379,250 |
5.35%,
12/07/26
|
300,000 |
305,453 |
1.95%,
02/02/27
|
250,000 |
230,412 |
2.95%,
03/11/27
|
250,000 |
236,828 |
5.25%,
06/12/28
|
200,000 |
203,297 |
4.85%,
02/01/30
|
200,000 |
199,640 |
2.15%,
08/01/31
|
210,000 |
174,481 |
2.45%,
02/02/32
|
300,000 |
251,707 |
5.65%,
02/01/34
|
250,000 |
259,629 |
4.59%,
05/04/37
(a)(b) |
400,000 |
358,399 |
Bank
OZK | ||
2.75%,
10/01/31
(a)(b) |
125,000 |
101,519 |
BankUnited,
Inc. | ||
4.88%,
11/17/25
(a) |
150,000 |
146,490 |
5.13%,
06/11/30
(a) |
95,000 |
87,507 |
Barclays
PLC | ||
3.65%,
03/16/25
|
600,000 |
586,860 |
4.38%,
01/12/26
|
750,000 |
740,612 |
2.85%,
05/07/26
(a)(b) |
750,000 |
724,442 |
5.20%,
05/12/26
|
550,000 |
546,789 |
5.30%,
08/09/26
(a)(b) |
500,000 |
498,480 |
7.33%,
11/02/26
(a)(b) |
525,000 |
542,545 |
5.83%,
05/09/27
(a)(b) |
100,000 |
100,909 |
6.50%,
09/13/27
(a)(b) |
400,000 |
411,390 |
2.28%,
11/24/27
(a)(b) |
400,000 |
367,275 |
4.34%,
01/10/28
(a) |
400,000 |
388,990 |
4.84%,
05/09/28
(a) |
600,000 |
585,791 |
5.50%,
08/09/28
(a)(b) |
500,000 |
503,029 |
7.39%,
11/02/28
(a)(b) |
400,000 |
427,692 |
4.97%,
05/16/29
(a)(b) |
500,000 |
491,707 |
6.49%,
09/13/29
(a)(b) |
300,000 |
313,106 |
5.09%,
06/20/30
(a)(b) |
450,000 |
436,477 |
2.65%,
06/24/31
(a)(b) |
400,000 |
338,035 |
2.67%,
03/10/32
(a)(b) |
250,000 |
206,533 |
2.89%,
11/24/32
(a)(b) |
300,000 |
247,175 |
5.75%,
08/09/33
(a)(b) |
300,000 |
302,935 |
7.44%,
11/02/33
(a)(b) |
500,000 |
561,268 |
6.22%,
05/09/34
(a)(b) |
600,000 |
622,925 |
7.12%,
06/27/34
(a)(b) |
400,000 |
425,958 |
6.69%,
09/13/34
(a)(b) |
600,000 |
642,412 |
3.56%,
09/23/35
(a)(b) |
300,000 |
257,701 |
3.81%,
03/10/42
(a)(b) |
300,000 |
225,686 |
3.33%,
11/24/42
(a)(b) |
400,000 |
296,932 |
5.25%,
08/17/45
|
400,000 |
392,322 |
4.95%,
01/10/47
|
500,000 |
469,111 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
BPCE
SA | ||
3.38%,
12/02/26
|
250,000 |
241,770 |
Canadian
Imperial Bank of Commerce | ||
2.25%,
01/28/25
|
400,000 |
387,688 |
3.30%,
04/07/25
|
400,000 |
390,921 |
3.95%,
08/04/25
|
450,000 |
443,242 |
0.95%,
10/23/25
|
200,000 |
186,779 |
1.25%,
06/22/26
|
100,000 |
91,734 |
5.93%,
10/02/26
|
300,000 |
308,638 |
3.45%,
04/07/27
(a) |
300,000 |
288,540 |
5.00%,
04/28/28
(a) |
400,000 |
402,418 |
3.60%,
04/07/32
(a) |
400,000 |
365,273 |
6.09%,
10/03/33
(a) |
570,000 |
608,739 |
Capital
One Financial Corp. | ||
3.20%,
02/05/25
(a) |
300,000 |
293,118 |
4.20%,
10/29/25
(a) |
475,000 |
466,536 |
2.64%,
03/03/26
(a)(b) |
500,000 |
479,373 |
4.99%,
07/24/26
(a)(b) |
400,000 |
396,208 |
3.75%,
07/28/26
(a) |
400,000 |
383,633 |
3.75%,
03/09/27
(a) |
350,000 |
334,694 |
3.65%,
05/11/27
(a) |
250,000 |
238,669 |
1.88%,
11/02/27
(a)(b) |
400,000 |
360,047 |
3.80%,
01/31/28
(a) |
550,000 |
522,793 |
4.93%,
05/10/28
(a)(b) |
525,000 |
516,292 |
6.31%,
06/08/29
(a)(b) |
500,000 |
513,164 |
3.27%,
03/01/30
(a)(b) |
450,000 |
402,124 |
5.25%,
07/26/30
(a)(b) |
100,000 |
98,348 |
7.62%,
10/30/31
(a)(b) |
500,000 |
550,240 |
2.36%,
07/29/32
(a)(b) |
375,000 |
284,861 |
2.62%,
11/02/32
(a)(b) |
250,000 |
201,799 |
5.27%,
05/10/33
(a)(b) |
500,000 |
491,607 |
5.82%,
02/01/34
(a)(b) |
450,000 |
448,642 |
6.38%,
06/08/34
(a)(b) |
350,000 |
361,083 |
Capital
One NA | ||
2.28%,
01/28/26
(a)(b) |
375,000 |
361,627 |
Citibank
NA | ||
5.86%,
09/29/25
(a) |
250,000 |
254,289 |
5.80%,
09/29/28
(a) |
750,000 |
783,565 |
Citigroup,
Inc. | ||
3.88%,
03/26/25
|
200,000 |
196,563 |
3.30%,
04/27/25
|
415,000 |
405,803 |
4.40%,
06/10/25
|
800,000 |
791,066 |
5.50%,
09/13/25
|
450,000 |
452,629 |
3.70%,
01/12/26
|
995,000 |
971,988 |
2.01%,
01/25/26
(a)(b) |
600,000 |
576,639 |
4.60%,
03/09/26
|
450,000 |
444,574 |
3.29%,
03/17/26
(a)(b) |
400,000 |
389,704 |
3.11%,
04/08/26
(a)(b) |
1,000,000 |
972,577 |
3.40%,
05/01/26
|
600,000 |
579,556 |
5.61%,
09/29/26
(a)(b) |
700,000 |
705,335 |
3.20%,
10/21/26
(a) |
850,000 |
811,313 |
4.30%,
11/20/26
|
350,000 |
343,270 |
1.12%,
01/28/27
(a)(b) |
750,000 |
689,759 |
1.46%,
06/09/27
(a)(b) |
900,000 |
824,101 |
4.45%,
09/29/27
|
1,050,000 |
1,026,550 |
3.89%,
01/10/28
(a)(b) |
800,000 |
774,589 |
6.63%,
01/15/28
|
150,000 |
162,371 |
3.07%,
02/24/28
(a)(b) |
500,000 |
471,491 |
4.66%,
05/24/28
(a)(b) |
300,000 |
298,165 |
3.67%,
07/24/28
(a)(b) |
700,000 |
667,831 |
4.13%,
07/25/28
|
650,000 |
624,765 |
3.52%,
10/27/28
(a)(b) |
700,000 |
662,364 |
4.08%,
04/23/29
(a)(b) |
650,000 |
626,352 |
3.98%,
03/20/30
(a)(b) |
750,000 |
712,141 |
2.98%,
11/05/30
(a)(b) |
600,000 |
535,339 |
2.67%,
01/29/31
(a)(b) |
750,000 |
651,642 |
4.41%,
03/31/31
(a)(b) |
1,200,000 |
1,149,946 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.57%,
06/03/31
(a)(b) |
1,090,000 |
932,587 |
2.56%,
05/01/32
(a)(b) |
875,000 |
730,518 |
6.63%,
06/15/32
|
250,000 |
272,268 |
2.52%,
11/03/32
(a)(b) |
475,000 |
392,352 |
3.06%,
01/25/33
(a)(b) |
900,000 |
769,379 |
5.88%,
02/22/33
|
150,000 |
156,824 |
3.79%,
03/17/33
(a)(b) |
700,000 |
630,539 |
4.91%,
05/24/33
(a)(b) |
700,000 |
686,178 |
6.00%,
10/31/33
|
200,000 |
211,118 |
6.27%,
11/17/33
(a)(b) |
700,000 |
749,512 |
6.17%,
05/25/34
(a)(b) |
750,000 |
777,926 |
6.13%,
08/25/36
|
200,000 |
214,505 |
3.88%,
01/24/39
(a)(b) |
310,000 |
267,953 |
8.13%,
07/15/39
|
550,000 |
710,640 |
5.32%,
03/26/41
(a)(b) |
450,000 |
451,923 |
5.88%,
01/30/42
|
250,000 |
266,673 |
2.90%,
11/03/42
(a)(b) |
350,000 |
252,562 |
6.68%,
09/13/43
|
300,000 |
337,545 |
5.30%,
05/06/44
|
300,000 |
289,024 |
4.65%,
07/30/45
|
200,000 |
182,307 |
4.75%,
05/18/46
|
550,000 |
493,644 |
4.28%,
04/24/48
(a)(b) |
350,000 |
307,419 |
4.65%,
07/23/48
(a) |
800,000 |
741,039 |
Citizens
Bank NA | ||
2.25%,
04/28/25
(a) |
250,000 |
239,162 |
3.75%,
02/18/26
(a) |
100,000 |
95,859 |
Citizens
Financial Group, Inc. | ||
4.30%,
12/03/25
(a) |
200,000 |
195,416 |
2.85%,
07/27/26
(a) |
305,000 |
284,261 |
2.50%,
02/06/30
(a) |
240,000 |
202,051 |
3.25%,
04/30/30
(a) |
300,000 |
263,892 |
2.64%,
09/30/32
(a) |
50,000 |
38,717 |
5.64%,
05/21/37
(a)(b) |
150,000 |
139,109 |
Comerica
Bank | ||
4.00%,
07/27/25
|
275,000 |
267,270 |
Comerica,
Inc. | ||
4.00%,
02/01/29
(a) |
150,000 |
141,892 |
Commonwealth
Bank of Australia | ||
5.08%,
01/10/25
|
300,000 |
300,562 |
5.50%,
09/12/25
|
250,000 |
253,291 |
5.32%,
03/13/26
|
300,000 |
304,258 |
Cooperatieve
Rabobank UA | ||
1.38%,
01/10/25
|
300,000 |
289,009 |
3.38%,
05/21/25
|
500,000 |
490,289 |
5.50%,
07/18/25
|
250,000 |
252,670 |
4.38%,
08/04/25
|
500,000 |
491,422 |
3.75%,
07/21/26
|
600,000 |
575,514 |
5.25%,
05/24/41
|
350,000 |
370,641 |
5.75%,
12/01/43
|
345,000 |
356,126 |
5.25%,
08/04/45
|
250,000 |
248,051 |
Credit
Suisse AG | ||
7.95%,
01/09/25
|
350,000 |
358,156 |
3.70%,
02/21/25
|
500,000 |
489,923 |
2.95%,
04/09/25
|
300,000 |
290,828 |
1.25%,
08/07/26
|
350,000 |
317,655 |
5.00%,
07/09/27
|
450,000 |
450,510 |
7.50%,
02/15/28
|
750,000 |
822,335 |
Credit
Suisse USA, Inc. | ||
7.13%,
07/15/32
(c) |
375,000 |
428,332 |
Deutsche
Bank AG | ||
4.50%,
04/01/25
|
500,000 |
491,379 |
4.16%,
05/13/25
|
150,000 |
148,052 |
4.10%,
01/13/26
|
400,000 |
390,737 |
1.69%,
03/19/26
|
300,000 |
279,427 |
6.12%,
07/14/26
(a)(b) |
200,000 |
202,100 |
2.13%,
11/24/26
(a)(b) |
600,000 |
562,970 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
7.15%,
07/13/27
(a)(b) |
250,000 |
259,927 |
2.31%,
11/16/27
(a)(b) |
510,000 |
466,632 |
2.55%,
01/07/28
(a)(b) |
450,000 |
413,897 |
6.72%,
01/18/29
(a)(b) |
225,000 |
235,850 |
6.82%,
11/20/29
(a)(b) |
300,000 |
315,933 |
5.88%,
07/08/31
(a)(b) |
150,000 |
146,528 |
3.55%,
09/18/31
(a)(b) |
650,000 |
571,330 |
3.73%,
01/14/32
(a)(b) |
415,000 |
348,894 |
3.04%,
05/28/32
(a)(b) |
350,000 |
292,844 |
4.88%,
12/01/32
(a)(b) |
250,000 |
233,852 |
3.74%,
01/07/33
(a)(b) |
400,000 |
329,118 |
7.08%,
02/10/34
(a)(b) |
300,000 |
308,713 |
Discover
Bank | ||
4.65%,
09/13/28
(a) |
500,000 |
477,499 |
2.70%,
02/06/30
(a) |
370,000 |
313,973 |
Discover
Financial Services | ||
3.75%,
03/04/25
(a) |
250,000 |
244,739 |
4.50%,
01/30/26
(a) |
50,000 |
49,373 |
4.10%,
02/09/27
(a) |
300,000 |
288,058 |
6.70%,
11/29/32
(a) |
250,000 |
262,131 |
7.96%,
11/02/34
(a)(b) |
275,000 |
306,073 |
Fifth
Third Bancorp | ||
2.38%,
01/28/25
(a) |
125,000 |
121,007 |
2.55%,
05/05/27
(a) |
300,000 |
276,795 |
1.71%,
11/01/27
(a)(b) |
300,000 |
270,724 |
3.95%,
03/14/28
(a) |
200,000 |
192,072 |
6.36%,
10/27/28
(a)(b) |
200,000 |
207,891 |
4.77%,
07/28/30
(a)(b) |
100,000 |
98,185 |
4.34%,
04/25/33
(a)(b) |
75,000 |
69,860 |
8.25%,
03/01/38
|
350,000 |
414,747 |
Fifth
Third Bank NA | ||
3.95%,
07/28/25
(a) |
600,000 |
587,908 |
3.85%,
03/15/26
(a) |
500,000 |
481,199 |
2.25%,
02/01/27
(a) |
50,000 |
46,241 |
First
Citizens BancShares, Inc. | ||
3.38%,
03/15/30
(a)(b) |
25,000 |
23,701 |
First
Horizon Bank | ||
5.75%,
05/01/30
(a) |
250,000 |
236,802 |
First-Citizens
Bank & Trust Co. | ||
6.13%,
03/09/28
|
335,000 |
342,109 |
FNB
Corp. | ||
5.15%,
08/25/25
(a) |
50,000 |
49,573 |
Goldman
Sachs Capital I | ||
6.35%,
02/15/34
|
300,000 |
315,186 |
Goldman
Sachs Group, Inc. | ||
3.50%,
01/23/25
(a) |
750,000 |
735,934 |
3.50%,
04/01/25
(a) |
975,000 |
954,445 |
3.75%,
05/22/25
(a) |
700,000 |
686,769 |
4.25%,
10/21/25
|
450,000 |
441,956 |
0.86%,
02/12/26
(a)(b) |
150,000 |
142,293 |
3.75%,
02/25/26
(a) |
475,000 |
464,259 |
5.80%,
08/10/26
(a)(b) |
750,000 |
757,778 |
3.50%,
11/16/26
(a) |
850,000 |
819,142 |
1.09%,
12/09/26
(a)(b) |
625,000 |
576,134 |
5.95%,
01/15/27
|
290,000 |
298,547 |
3.85%,
01/26/27
(a) |
1,045,000 |
1,017,673 |
1.43%,
03/09/27
(a)(b) |
900,000 |
830,152 |
1.54%,
09/10/27
(a)(b) |
800,000 |
726,280 |
1.95%,
10/21/27
(a)(b) |
1,200,000 |
1,098,774 |
2.64%,
02/24/28
(a)(b) |
850,000 |
788,569 |
3.62%,
03/15/28
(a)(b) |
685,000 |
656,881 |
3.69%,
06/05/28
(a)(b) |
750,000 |
717,988 |
4.48%,
08/23/28
(a)(b) |
500,000 |
491,346 |
3.81%,
04/23/29
(a)(b) |
775,000 |
736,618 |
4.22%,
05/01/29
(a)(b) |
1,050,000 |
1,015,912 |
6.48%,
10/24/29
(a)(b) |
750,000 |
796,112 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.60%,
02/07/30
(a) |
600,000 |
527,715 |
3.80%,
03/15/30
(a) |
700,000 |
658,500 |
1.99%,
01/27/32
(a)(b) |
750,000 |
607,414 |
2.62%,
04/22/32
(a)(b) |
800,000 |
672,342 |
2.38%,
07/21/32
(a)(b) |
1,200,000 |
987,200 |
2.65%,
10/21/32
(a)(b) |
1,000,000 |
834,304 |
6.13%,
02/15/33
|
200,000 |
219,920 |
3.10%,
02/24/33
(a)(b) |
1,000,000 |
859,073 |
6.56%,
10/24/34
(a)(b) |
200,000 |
220,283 |
6.45%,
05/01/36
|
295,000 |
319,366 |
6.75%,
10/01/37
|
1,500,000 |
1,655,942 |
4.02%,
10/31/38
(a)(b) |
700,000 |
611,911 |
4.41%,
04/23/39
(a)(b) |
585,000 |
531,610 |
6.25%,
02/01/41
|
650,000 |
725,227 |
3.21%,
04/22/42
(a)(b) |
600,000 |
459,868 |
2.91%,
07/21/42
(a)(b) |
450,000 |
329,579 |
3.44%,
02/24/43
(a)(b) |
550,000 |
430,760 |
4.80%,
07/08/44
(a) |
510,000 |
483,388 |
5.15%,
05/22/45
|
690,000 |
668,344 |
4.75%,
10/21/45
(a) |
500,000 |
475,159 |
HSBC
Bank USA NA | ||
5.63%,
08/15/35
|
250,000 |
248,853 |
7.00%,
01/15/39
|
250,000 |
290,640 |
HSBC
Holdings PLC | ||
4.25%,
08/18/25
|
550,000 |
538,643 |
4.30%,
03/08/26
|
1,000,000 |
984,000 |
3.00%,
03/10/26
(a)(b) |
400,000 |
388,123 |
1.65%,
04/18/26
(a)(b) |
550,000 |
522,911 |
3.90%,
05/25/26
|
700,000 |
682,208 |
2.10%,
06/04/26
(a)(b) |
650,000 |
619,078 |
4.29%,
09/12/26
(a)(b) |
750,000 |
734,693 |
7.34%,
11/03/26
(a)(b) |
600,000 |
623,670 |
4.38%,
11/23/26
|
400,000 |
391,123 |
1.59%,
05/24/27
(a)(b) |
550,000 |
504,401 |
5.89%,
08/14/27
(a)(b) |
500,000 |
507,454 |
2.25%,
11/22/27
(a)(b) |
450,000 |
413,345 |
4.04%,
03/13/28
(a)(b) |
800,000 |
771,475 |
4.76%,
06/09/28
(a)(b) |
700,000 |
690,460 |
5.21%,
08/11/28
(a)(b) |
700,000 |
700,231 |
2.01%,
09/22/28
(a)(b) |
650,000 |
579,014 |
7.39%,
11/03/28
(a)(b) |
600,000 |
643,194 |
6.16%,
03/09/29
(a)(b) |
600,000 |
620,395 |
4.58%,
06/19/29
(a)(b) |
850,000 |
825,317 |
2.21%,
08/17/29
(a)(b) |
650,000 |
567,746 |
4.95%,
03/31/30
|
600,000 |
595,231 |
3.97%,
05/22/30
(a)(b) |
1,050,000 |
982,105 |
2.85%,
06/04/31
(a)(b) |
250,000 |
215,466 |
2.36%,
08/18/31
(a)(b) |
500,000 |
415,412 |
2.80%,
05/24/32
(a)(b) |
1,100,000 |
919,208 |
2.87%,
11/22/32
(a)(b) |
500,000 |
416,623 |
4.76%,
03/29/33
(a)(b) |
685,000 |
638,800 |
5.40%,
08/11/33
(a)(b) |
600,000 |
603,339 |
8.11%,
11/03/33
(a)(b) |
400,000 |
460,977 |
6.25%,
03/09/34
(a)(b) |
600,000 |
636,329 |
6.55%,
06/20/34
(a)(b) |
500,000 |
523,508 |
7.40%,
11/13/34
(a)(b) |
500,000 |
549,002 |
6.50%,
05/02/36
|
625,000 |
659,343 |
6.50%,
09/15/37
|
450,000 |
478,974 |
6.80%,
06/01/38
|
600,000 |
650,823 |
6.10%,
01/14/42
|
275,000 |
313,223 |
6.33%,
03/09/44
(a)(b) |
700,000 |
757,326 |
5.25%,
03/14/44
|
545,000 |
533,002 |
Huntington
Bancshares, Inc. | ||
4.00%,
05/15/25
(a) |
150,000 |
147,122 |
4.44%,
08/04/28
(a)(b) |
450,000 |
436,956 |
2.55%,
02/04/30
(a)(c) |
325,000 |
278,556 |
2.49%,
08/15/36
(a)(b) |
350,000 |
265,518 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Huntington
National Bank | ||
4.55%,
05/17/28
(a)(b) |
250,000 |
241,797 |
5.65%,
01/10/30
(a) |
250,000 |
253,187 |
ING
Groep NV | ||
3.87%,
03/28/26
(a)(b) |
300,000 |
294,146 |
3.95%,
03/29/27
|
545,000 |
528,116 |
1.73%,
04/01/27
(a)(b) |
300,000 |
277,684 |
6.08%,
09/11/27
(a)(b) |
300,000 |
306,461 |
4.02%,
03/28/28
(a)(b) |
400,000 |
389,730 |
4.55%,
10/02/28
|
250,000 |
246,960 |
4.05%,
04/09/29
|
255,000 |
246,632 |
2.73%,
04/01/32
(a)(b) |
250,000 |
214,641 |
4.25%,
03/28/33
(a)(b) |
400,000 |
375,468 |
6.11%,
09/11/34
(a)(b) |
550,000 |
578,911 |
JPMorgan
Chase & Co. | ||
3.13%,
01/23/25
(a) |
850,000 |
832,857 |
3.90%,
07/15/25
(a) |
750,000 |
739,458 |
7.75%,
07/15/25
|
100,000 |
104,298 |
2.60%,
02/24/26
(a)(b) |
500,000 |
484,588 |
2.01%,
03/13/26
(a)(b) |
800,000 |
768,793 |
3.30%,
04/01/26
(a) |
825,000 |
798,499 |
2.08%,
04/22/26
(a)(b) |
1,050,000 |
1,006,525 |
4.08%,
04/26/26
(a)(b) |
500,000 |
492,202 |
3.20%,
06/15/26
(a) |
349,000 |
337,126 |
2.95%,
10/01/26
(a) |
925,000 |
882,517 |
7.63%,
10/15/26
|
200,000 |
215,316 |
1.05%,
11/19/26
(a)(b) |
1,200,000 |
1,111,441 |
4.13%,
12/15/26
|
600,000 |
588,555 |
3.96%,
01/29/27
(a)(b) |
650,000 |
635,171 |
1.04%,
02/04/27
(a)(b) |
650,000 |
597,577 |
1.58%,
04/22/27
(a)(b) |
1,200,000 |
1,107,836 |
8.00%,
04/29/27
|
225,000 |
248,998 |
1.47%,
09/22/27
(a)(b) |
850,000 |
770,349 |
4.25%,
10/01/27
|
543,000 |
537,455 |
3.63%,
12/01/27
(a) |
350,000 |
336,008 |
3.78%,
02/01/28
(a)(b) |
800,000 |
773,059 |
2.95%,
02/24/28
(a)(b) |
500,000 |
470,691 |
4.32%,
04/26/28
(a)(b) |
500,000 |
492,121 |
3.54%,
05/01/28
(a)(b) |
800,000 |
764,500 |
2.18%,
06/01/28
(a)(b) |
500,000 |
457,174 |
4.85%,
07/25/28
(a)(b) |
1,000,000 |
1,000,468 |
3.51%,
01/23/29
(a)(b) |
750,000 |
710,540 |
4.01%,
04/23/29
(a)(b) |
750,000 |
722,284 |
2.07%,
06/01/29
(a)(b) |
600,000 |
532,300 |
4.20%,
07/23/29
(a)(b) |
925,000 |
899,007 |
6.09%,
10/23/29
(a)(b) |
500,000 |
526,140 |
4.45%,
12/05/29
(a)(b) |
950,000 |
931,775 |
3.70%,
05/06/30
(a)(b) |
995,000 |
936,588 |
4.57%,
06/14/30
(a)(b) |
500,000 |
489,342 |
8.75%,
09/01/30
|
200,000 |
241,043 |
2.74%,
10/15/30
(a)(b) |
1,000,000 |
889,878 |
4.49%,
03/24/31
(a)(b) |
875,000 |
854,023 |
2.52%,
04/22/31
(a)(b) |
900,000 |
779,453 |
2.96%,
05/13/31
(a)(b) |
950,000 |
836,364 |
1.76%,
11/19/31
(a)(b) |
450,000 |
365,577 |
1.95%,
02/04/32
(a)(b) |
900,000 |
732,726 |
2.58%,
04/22/32
(a)(b) |
1,100,000 |
931,482 |
2.55%,
11/08/32
(a)(b) |
1,000,000 |
836,053 |
2.96%,
01/25/33
(a)(b) |
800,000 |
686,175 |
4.59%,
04/26/33
(a)(b) |
500,000 |
482,883 |
4.91%,
07/25/33
(a)(b) |
1,000,000 |
989,440 |
5.72%,
09/14/33
(a)(b) |
700,000 |
724,454 |
5.35%,
06/01/34
(a)(b) |
1,250,000 |
1,270,705 |
6.25%,
10/23/34
(a)(b) |
900,000 |
976,527 |
6.40%,
05/15/38
|
750,000 |
860,371 |
3.88%,
07/24/38
(a)(b) |
750,000 |
665,678 |
5.50%,
10/15/40
|
350,000 |
365,007 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.11%,
04/22/41
(a)(b) |
450,000 |
348,263 |
5.60%,
07/15/41
|
525,000 |
558,406 |
2.53%,
11/19/41
(a)(b) |
600,000 |
425,388 |
5.40%,
01/06/42
|
350,000 |
363,295 |
3.16%,
04/22/42
(a)(b) |
650,000 |
504,526 |
5.63%,
08/16/43
|
450,000 |
471,942 |
4.85%,
02/01/44
|
300,000 |
294,622 |
4.95%,
06/01/45
|
400,000 |
383,127 |
4.26%,
02/22/48
(a)(b) |
575,000 |
510,583 |
4.03%,
07/24/48
(a)(b) |
400,000 |
341,811 |
3.96%,
11/15/48
(a)(b) |
1,200,000 |
1,009,417 |
3.90%,
01/23/49
(a)(b) |
500,000 |
416,446 |
3.11%,
04/22/51
(a)(b) |
600,000 |
431,921 |
3.33%,
04/22/52
(a)(b) |
1,000,000 |
750,806 |
JPMorgan
Chase Bank NA | ||
5.11%,
12/08/26
(a) |
270,000 |
272,601 |
KeyBank
NA | ||
3.30%,
06/01/25
|
250,000 |
240,964 |
4.15%,
08/08/25
|
250,000 |
242,814 |
3.40%,
05/20/26
|
250,000 |
235,704 |
5.85%,
11/15/27
(a) |
285,000 |
285,180 |
4.39%,
12/14/27
|
300,000 |
282,662 |
3.90%,
04/13/29
|
250,000 |
220,184 |
4.90%,
08/08/32
|
250,000 |
221,268 |
5.00%,
01/26/33
(a) |
250,000 |
233,863 |
KeyCorp | ||
4.15%,
10/29/25
|
225,000 |
219,753 |
2.25%,
04/06/27
|
135,000 |
121,702 |
4.10%,
04/30/28
|
250,000 |
235,696 |
2.55%,
10/01/29
|
250,000 |
212,784 |
4.79%,
06/01/33
(a)(b) |
150,000 |
137,988 |
Lloyds
Banking Group PLC | ||
4.45%,
05/08/25
|
400,000 |
395,427 |
4.58%,
12/10/25
|
400,000 |
392,268 |
2.44%,
02/05/26
(a)(b) |
350,000 |
337,955 |
3.51%,
03/18/26
(a)(b) |
350,000 |
341,877 |
4.65%,
03/24/26
|
450,000 |
442,620 |
4.72%,
08/11/26
(a)(b) |
400,000 |
395,080 |
3.75%,
01/11/27
|
400,000 |
384,496 |
1.63%,
05/11/27
(a)(b) |
300,000 |
275,189 |
5.99%,
08/07/27
(a)(b) |
400,000 |
407,343 |
3.75%,
03/18/28
(a)(b) |
400,000 |
383,281 |
4.38%,
03/22/28
|
400,000 |
391,352 |
4.55%,
08/16/28
|
300,000 |
295,527 |
3.57%,
11/07/28
(a)(b) |
500,000 |
470,760 |
5.87%,
03/06/29
(a)(b) |
200,000 |
205,153 |
4.98%,
08/11/33
(a)(b) |
400,000 |
390,796 |
7.95%,
11/15/33
(a)(b) |
200,000 |
229,617 |
5.30%,
12/01/45
|
275,000 |
263,914 |
3.37%,
12/14/46
(a)(b) |
345,000 |
240,393 |
4.34%,
01/09/48
|
500,000 |
403,104 |
M&T
Bank Corp. | ||
4.55%,
08/16/28
(a)(b) |
10,000 |
9,656 |
7.41%,
10/30/29
(a)(b) |
200,000 |
215,680 |
5.05%,
01/27/34
(a)(b) |
250,000 |
237,349 |
Manufacturers
& Traders Trust Co. | ||
2.90%,
02/06/25
(a) |
365,000 |
353,820 |
4.65%,
01/27/26
(a) |
350,000 |
342,867 |
3.40%,
08/17/27
|
300,000 |
279,156 |
4.70%,
01/27/28
(a) |
350,000 |
340,781 |
Mitsubishi
UFJ Financial Group, Inc. | ||
2.19%,
02/25/25
|
850,000 |
821,380 |
3.78%,
03/02/25
(c) |
350,000 |
344,329 |
1.41%,
07/17/25
|
600,000 |
566,836 |
5.72%,
02/20/26
(a)(b) |
400,000 |
401,759 |
3.85%,
03/01/26
|
750,000 |
732,768 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.76%,
09/13/26
|
200,000 |
188,873 |
3.68%,
02/22/27
|
400,000 |
388,047 |
1.54%,
07/20/27
(a)(b) |
750,000 |
685,937 |
3.29%,
07/25/27
|
350,000 |
334,041 |
1.64%,
10/13/27
(a)(b) |
300,000 |
273,431 |
2.34%,
01/19/28
(a)(b) |
500,000 |
462,517 |
3.96%,
03/02/28
|
350,000 |
340,995 |
5.02%,
07/20/28
(a)(b) |
400,000 |
400,738 |
5.35%,
09/13/28
(a)(b) |
500,000 |
507,446 |
5.42%,
02/22/29
(a)(b) |
250,000 |
254,867 |
3.74%,
03/07/29
|
550,000 |
526,092 |
3.20%,
07/18/29
|
500,000 |
459,906 |
2.56%,
02/25/30
|
400,000 |
350,565 |
2.05%,
07/17/30
|
550,000 |
461,892 |
5.48%,
02/22/31
(a)(b) |
200,000 |
204,997 |
2.31%,
07/20/32
(a)(b) |
800,000 |
665,272 |
2.49%,
10/13/32
(a)(b) |
390,000 |
327,744 |
2.85%,
01/19/33
(a)(b) |
450,000 |
386,184 |
4.32%,
04/19/33
(a)(b) |
200,000 |
191,307 |
5.13%,
07/20/33
(a)(b) |
400,000 |
406,577 |
5.44%,
02/22/34
(a)(b) |
250,000 |
258,755 |
5.41%,
04/19/34
(a)(b) |
25,000 |
25,822 |
4.29%,
07/26/38
|
150,000 |
141,308 |
4.15%,
03/07/39
|
200,000 |
184,488 |
3.75%,
07/18/39
|
400,000 |
350,711 |
Mizuho
Financial Group, Inc. | ||
2.65%,
05/22/26
(a)(b) |
250,000 |
240,697 |
2.23%,
05/25/26
(a)(b) |
400,000 |
382,435 |
2.84%,
09/13/26
|
350,000 |
332,405 |
3.66%,
02/28/27
|
300,000 |
288,818 |
1.23%,
05/22/27
(a)(b) |
250,000 |
227,956 |
1.55%,
07/09/27
(a)(b) |
250,000 |
228,755 |
3.17%,
09/11/27
|
500,000 |
470,175 |
4.02%,
03/05/28
|
300,000 |
291,355 |
5.67%,
05/27/29
(a)(b) |
200,000 |
204,905 |
5.78%,
07/06/29
(a)(b) |
500,000 |
514,817 |
4.25%,
09/11/29
(a)(b) |
300,000 |
290,234 |
3.15%,
07/16/30
(a)(b) |
250,000 |
225,585 |
2.87%,
09/13/30
(a)(b) |
200,000 |
177,178 |
2.59%,
05/25/31
(a)(b) |
285,000 |
244,424 |
2.20%,
07/10/31
(a)(b) |
400,000 |
333,655 |
1.98%,
09/08/31
(a)(b) |
400,000 |
327,294 |
2.56%,
09/13/31
|
235,000 |
191,660 |
2.26%,
07/09/32
(a)(b) |
250,000 |
204,099 |
5.67%,
09/13/33
(a)(b) |
200,000 |
206,643 |
5.75%,
05/27/34
(a)(b) |
200,000 |
207,927 |
5.75%,
07/06/34
(a)(b) |
300,000 |
311,445 |
Morgan
Stanley | ||
4.00%,
07/23/25
|
975,000 |
961,446 |
5.00%,
11/24/25
|
700,000 |
699,692 |
3.88%,
01/27/26
|
850,000 |
833,386 |
2.63%,
02/18/26
(a)(b) |
500,000 |
484,144 |
2.19%,
04/28/26
(a)(b) |
750,000 |
720,813 |
4.68%,
07/17/26
(a)(b) |
625,000 |
619,377 |
3.13%,
07/27/26
|
850,000 |
814,333 |
6.25%,
08/09/26
|
200,000 |
206,385 |
4.35%,
09/08/26
|
675,000 |
663,331 |
6.14%,
10/16/26
(a)(b) |
300,000 |
305,737 |
0.99%,
12/10/26
(a)(b) |
700,000 |
644,397 |
3.63%,
01/20/27
|
900,000 |
873,164 |
5.05%,
01/28/27
(a)(b) |
400,000 |
400,556 |
3.95%,
04/23/27
|
650,000 |
631,301 |
1.59%,
05/04/27
(a)(b) |
1,050,000 |
967,659 |
1.51%,
07/20/27
(a)(b) |
750,000 |
685,543 |
2.48%,
01/21/28
(a)(b) |
750,000 |
696,703 |
4.21%,
04/20/28
(a)(b) |
725,000 |
708,846 |
3.59%,
07/22/28
(a)(b) |
900,000 |
859,815 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.30%,
10/18/28
(a)(b) |
500,000 |
524,441 |
3.77%,
01/24/29
(a)(b) |
1,050,000 |
1,002,433 |
5.12%,
02/01/29
(a)(b) |
500,000 |
502,613 |
5.16%,
04/20/29
(a)(b) |
800,000 |
804,686 |
5.45%,
07/20/29
(a)(b) |
500,000 |
509,856 |
6.41%,
11/01/29
(a)(b) |
550,000 |
583,552 |
4.43%,
01/23/30
(a)(b) |
950,000 |
925,730 |
2.70%,
01/22/31
(a)(b) |
1,000,000 |
877,152 |
3.62%,
04/01/31
(a)(b) |
850,000 |
783,718 |
1.79%,
02/13/32
(a)(b) |
750,000 |
599,385 |
7.25%,
04/01/32
|
300,000 |
354,076 |
1.93%,
04/28/32
(a)(b) |
725,000 |
583,292 |
2.24%,
07/21/32
(a)(b) |
1,000,000 |
817,523 |
2.51%,
10/20/32
(a)(b) |
750,000 |
622,295 |
2.94%,
01/21/33
(a)(b) |
750,000 |
638,451 |
4.89%,
07/20/33
(a)(b) |
600,000 |
585,780 |
6.34%,
10/18/33
(a)(b) |
800,000 |
862,597 |
5.25%,
04/21/34
(a)(b) |
1,025,000 |
1,025,637 |
5.42%,
07/21/34
(a)(b) |
700,000 |
710,952 |
6.63%,
11/01/34
(a)(b) |
500,000 |
554,229 |
2.48%,
09/16/36
(a)(b) |
900,000 |
714,867 |
5.30%,
04/20/37
(a)(b) |
600,000 |
584,327 |
5.95%,
01/19/38
(a)(b) |
410,000 |
415,319 |
3.97%,
07/22/38
(a)(b) |
525,000 |
460,933 |
4.46%,
04/22/39
(a)(b) |
650,000 |
600,577 |
3.22%,
04/22/42
(a)(b) |
600,000 |
464,005 |
6.38%,
07/24/42
|
600,000 |
695,267 |
4.30%,
01/27/45
|
575,000 |
519,782 |
4.38%,
01/22/47
|
600,000 |
541,027 |
5.60%,
03/24/51
(a)(b) |
500,000 |
540,357 |
2.80%,
01/25/52
(a)(b) |
600,000 |
402,073 |
Morgan
Stanley Bank NA | ||
5.48%,
07/16/25
(a) |
350,000 |
353,249 |
4.75%,
04/21/26
(a) |
450,000 |
449,868 |
5.88%,
10/30/26
(a) |
250,000 |
257,505 |
National
Australia Bank Ltd. | ||
3.50%,
06/09/25
|
250,000 |
245,773 |
3.38%,
01/14/26
|
490,000 |
477,701 |
2.50%,
07/12/26
|
450,000 |
427,429 |
3.91%,
06/09/27
|
500,000 |
490,360 |
4.90%,
06/13/28
|
500,000 |
505,524 |
National
Bank of Canada | ||
5.25%,
01/17/25
|
300,000 |
299,995 |
5.60%,
12/18/28
|
300,000 |
308,007 |
NatWest
Group PLC | ||
4.80%,
04/05/26
|
600,000 |
595,043 |
7.47%,
11/10/26
(a)(b) |
200,000 |
207,092 |
5.85%,
03/02/27
(a)(b) |
300,000 |
302,915 |
1.64%,
06/14/27
(a)(b) |
600,000 |
548,323 |
3.07%,
05/22/28
(a)(b) |
300,000 |
279,008 |
5.52%,
09/30/28
(a)(b) |
300,000 |
302,124 |
4.89%,
05/18/29
(a)(b) |
550,000 |
541,137 |
5.08%,
01/27/30
(a)(b) |
825,000 |
814,851 |
4.45%,
05/08/30
(a)(b) |
300,000 |
287,429 |
6.02%,
03/02/34
(a)(b) |
200,000 |
210,597 |
3.03%,
11/28/35
(a)(b) |
250,000 |
208,347 |
Northern
Trust Corp. | ||
3.95%,
10/30/25
|
250,000 |
246,111 |
4.00%,
05/10/27
(a) |
150,000 |
148,079 |
3.65%,
08/03/28
(a) |
250,000 |
242,750 |
3.15%,
05/03/29
(a) |
150,000 |
141,622 |
1.95%,
05/01/30
(a) |
325,000 |
280,358 |
3.38%,
05/08/32
(a)(b) |
350,000 |
324,150 |
PNC
Bank NA | ||
2.95%,
02/23/25
(a) |
250,000 |
243,608 |
3.88%,
04/10/25
(a) |
250,000 |
244,986 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.25%,
06/01/25
(a) |
350,000 |
341,111 |
3.10%,
10/25/27
(a) |
300,000 |
281,857 |
3.25%,
01/22/28
(a) |
400,000 |
377,175 |
4.05%,
07/26/28
|
550,000 |
531,038 |
2.70%,
10/22/29
|
300,000 |
264,159 |
PNC
Financial Services Group, Inc. | ||
5.81%,
06/12/26
(a)(b) |
300,000 |
302,454 |
2.60%,
07/23/26
(a) |
300,000 |
284,586 |
1.15%,
08/13/26
(a) |
200,000 |
182,063 |
4.76%,
01/26/27
(a)(b) |
400,000 |
397,060 |
3.15%,
05/19/27
(a) |
200,000 |
189,811 |
6.62%,
10/20/27
(a)(b) |
300,000 |
311,533 |
5.35%,
12/02/28
(a)(b) |
250,000 |
253,227 |
3.45%,
04/23/29
(a) |
600,000 |
568,675 |
5.58%,
06/12/29
(a)(b) |
550,000 |
561,236 |
2.55%,
01/22/30
(a) |
600,000 |
525,625 |
2.31%,
04/23/32
(a)(b) |
300,000 |
251,246 |
6.04%,
10/28/33
(a)(b) |
350,000 |
366,196 |
5.07%,
01/24/34
(a)(b) |
400,000 |
391,670 |
6.88%,
10/20/34
(a)(b) |
500,000 |
555,692 |
Regions
Bank | ||
6.45%,
06/26/37
|
250,000 |
255,171 |
Regions
Financial Corp. | ||
2.25%,
05/18/25
(a) |
250,000 |
238,710 |
1.80%,
08/12/28
(a) |
280,000 |
240,584 |
Royal
Bank of Canada | ||
1.60%,
01/21/25
|
225,000 |
217,085 |
3.38%,
04/14/25
|
400,000 |
392,341 |
4.95%,
04/25/25
|
450,000 |
450,456 |
1.15%,
06/10/25
|
600,000 |
569,065 |
4.88%,
01/12/26
|
400,000 |
401,203 |
0.88%,
01/20/26
|
350,000 |
324,676 |
4.65%,
01/27/26
|
450,000 |
446,633 |
1.20%,
04/27/26
|
490,000 |
452,691 |
1.15%,
07/14/26
|
300,000 |
274,575 |
5.20%,
07/20/26
|
300,000 |
303,373 |
1.40%,
11/02/26
|
400,000 |
366,088 |
3.63%,
05/04/27
|
400,000 |
386,667 |
4.24%,
08/03/27
|
550,000 |
544,309 |
6.00%,
11/01/27
|
500,000 |
524,502 |
2.30%,
11/03/31
|
300,000 |
253,418 |
3.88%,
05/04/32
|
350,000 |
330,375 |
5.00%,
02/01/33
|
500,000 |
509,083 |
Santander
Holdings USA, Inc. | ||
3.45%,
06/02/25
(a) |
250,000 |
243,151 |
4.50%,
07/17/25
(a) |
500,000 |
494,788 |
5.81%,
09/09/26
(a)(b) |
200,000 |
200,689 |
3.24%,
10/05/26
(a)(d) |
300,000 |
284,833 |
4.40%,
07/13/27
(a) |
300,000 |
291,719 |
2.49%,
01/06/28
(a)(b) |
235,000 |
215,775 |
6.50%,
03/09/29
(a)(b) |
250,000 |
258,921 |
6.57%,
06/12/29
(a)(b) |
155,000 |
160,187 |
Santander
U.K. Group Holdings PLC | ||
1.53%,
08/21/26
(a)(b) |
400,000 |
373,567 |
6.83%,
11/21/26
(a)(b) |
400,000 |
407,960 |
1.67%,
06/14/27
(a)(b) |
200,000 |
182,122 |
2.47%,
01/11/28
(a)(b) |
500,000 |
456,044 |
3.82%,
11/03/28
(a)(b) |
425,000 |
399,640 |
2.90%,
03/15/32
(a)(b) |
200,000 |
172,370 |
State
Street Corp. | ||
3.55%,
08/18/25
|
571,000 |
560,682 |
2.90%,
03/30/26
(a)(b) |
100,000 |
97,191 |
5.10%,
05/18/26
(a)(b) |
300,000 |
300,518 |
2.65%,
05/19/26
|
250,000 |
238,969 |
5.27%,
08/03/26
(a) |
150,000 |
152,136 |
1.68%,
11/18/27
(a)(b) |
300,000 |
275,324 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.20%,
02/07/28
(a)(b) |
75,000 |
69,654 |
5.82%,
11/04/28
(a)(b) |
185,000 |
192,049 |
5.68%,
11/21/29
(a)(b) |
300,000 |
310,592 |
4.14%,
12/03/29
(a)(b) |
345,000 |
335,380 |
2.40%,
01/24/30
|
250,000 |
223,464 |
2.20%,
03/03/31
|
200,000 |
166,898 |
3.15%,
03/30/31
(a)(b) |
200,000 |
180,557 |
2.62%,
02/07/33
(a)(b) |
300,000 |
253,068 |
4.42%,
05/13/33
(a)(b) |
200,000 |
194,799 |
4.16%,
08/04/33
(a)(b) |
250,000 |
235,852 |
4.82%,
01/26/34
(a)(b) |
200,000 |
197,263 |
3.03%,
11/01/34
(a)(b) |
200,000 |
179,628 |
6.12%,
11/21/34
(a)(b) |
250,000 |
265,738 |
Sumitomo
Mitsui Banking Corp. | ||
3.65%,
07/23/25
|
250,000 |
244,484 |
Sumitomo
Mitsui Financial Group, Inc. | ||
2.35%,
01/15/25
|
250,000 |
242,703 |
1.47%,
07/08/25
|
750,000 |
710,049 |
5.46%,
01/13/26
|
400,000 |
403,475 |
3.78%,
03/09/26
|
550,000 |
536,537 |
5.88%,
07/13/26
|
250,000 |
255,786 |
2.63%,
07/14/26
|
700,000 |
663,767 |
1.40%,
09/17/26
|
600,000 |
546,487 |
3.01%,
10/19/26
|
400,000 |
381,076 |
3.45%,
01/11/27
|
300,000 |
288,465 |
2.17%,
01/14/27
|
300,000 |
277,572 |
3.36%,
07/12/27
|
600,000 |
571,170 |
5.52%,
01/13/28
|
500,000 |
511,990 |
3.54%,
01/17/28
|
400,000 |
380,948 |
5.80%,
07/13/28
|
300,000 |
310,836 |
3.94%,
07/19/28
|
150,000 |
144,846 |
1.90%,
09/17/28
|
700,000 |
613,219 |
4.31%,
10/16/28
|
450,000 |
439,042 |
3.04%,
07/16/29
|
750,000 |
685,228 |
3.20%,
09/17/29
|
50,000 |
45,505 |
2.72%,
09/27/29
|
200,000 |
177,808 |
5.71%,
01/13/30
|
400,000 |
415,769 |
2.75%,
01/15/30
|
450,000 |
398,263 |
2.13%,
07/08/30
|
450,000 |
379,531 |
2.14%,
09/23/30
|
375,000 |
311,983 |
2.22%,
09/17/31
|
350,000 |
289,117 |
5.77%,
01/13/33
|
500,000 |
528,901 |
5.81%,
09/14/33
|
520,000 |
554,306 |
2.93%,
09/17/41
|
250,000 |
188,140 |
3.05%,
01/14/42
|
50,000 |
38,844 |
6.18%,
07/13/43
|
300,000 |
334,553 |
Synchrony
Bank | ||
5.40%,
08/22/25
(a) |
250,000 |
246,508 |
Synchrony
Financial | ||
4.88%,
06/13/25
(a) |
185,000 |
181,897 |
4.50%,
07/23/25
(a) |
300,000 |
293,462 |
3.70%,
08/04/26
(a) |
350,000 |
329,733 |
3.95%,
12/01/27
(a) |
400,000 |
375,530 |
5.15%,
03/19/29
(a) |
200,000 |
194,734 |
2.88%,
10/28/31
(a) |
195,000 |
156,425 |
Synovus
Financial Corp. | ||
5.20%,
08/11/25
(a) |
50,000 |
49,176 |
Toronto-Dominion
Bank | ||
1.45%,
01/10/25
|
200,000 |
192,841 |
3.77%,
06/06/25
|
525,000 |
516,622 |
1.15%,
06/12/25
|
300,000 |
284,167 |
0.75%,
09/11/25
|
275,000 |
256,729 |
0.75%,
01/06/26
|
375,000 |
346,455 |
5.10%,
01/09/26
|
200,000 |
201,448 |
1.20%,
06/03/26
|
300,000 |
275,591 |
5.53%,
07/17/26
|
500,000 |
509,787 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.25%,
09/10/26
|
400,000 |
365,580 |
1.95%,
01/12/27
|
250,000 |
231,425 |
2.80%,
03/10/27
|
350,000 |
330,790 |
4.11%,
06/08/27
|
500,000 |
491,382 |
4.69%,
09/15/27
|
500,000 |
500,242 |
5.16%,
01/10/28
|
400,000 |
407,321 |
5.52%,
07/17/28
|
300,000 |
309,141 |
2.00%,
09/10/31
|
350,000 |
291,239 |
3.63%,
09/15/31
(a)(b) |
475,000 |
456,654 |
3.20%,
03/10/32
|
450,000 |
399,117 |
4.46%,
06/08/32
|
600,000 |
583,435 |
Truist
Bank | ||
1.50%,
03/10/25
(a) |
625,000 |
597,232 |
3.63%,
09/16/25
(a) |
350,000 |
339,085 |
4.05%,
11/03/25
(a) |
150,000 |
147,768 |
3.30%,
05/15/26
(a) |
250,000 |
238,629 |
3.80%,
10/30/26
(a) |
260,000 |
249,127 |
2.25%,
03/11/30
(a) |
500,000 |
415,912 |
Truist
Financial Corp. | ||
4.00%,
05/01/25
(a) |
300,000 |
295,014 |
3.70%,
06/05/25
(a) |
230,000 |
225,061 |
1.20%,
08/05/25
(a) |
400,000 |
376,120 |
4.26%,
07/28/26
(a)(b) |
400,000 |
392,295 |
1.27%,
03/02/27
(a)(b) |
300,000 |
275,146 |
6.05%,
06/08/27
(a)(b) |
500,000 |
509,243 |
1.13%,
08/03/27
(a) |
300,000 |
263,452 |
4.12%,
06/06/28
(a)(b) |
300,000 |
289,460 |
4.87%,
01/26/29
(a)(b) |
400,000 |
395,570 |
3.88%,
03/19/29
(a) |
200,000 |
187,495 |
1.89%,
06/07/29
(a)(b) |
375,000 |
324,504 |
7.16%,
10/30/29
(a)(b) |
250,000 |
269,924 |
1.95%,
06/05/30
(a) |
300,000 |
251,040 |
4.92%,
07/28/33
(a)(b) |
300,000 |
280,716 |
5.12%,
01/26/34
(a)(b) |
400,000 |
387,754 |
5.87%,
06/08/34
(a)(b) |
500,000 |
511,172 |
U.S.
Bancorp | ||
1.45%,
05/12/25
(a) |
500,000 |
476,658 |
3.95%,
11/17/25
(a) |
345,000 |
339,900 |
3.10%,
04/27/26
(a) |
100,000 |
95,944 |
2.38%,
07/22/26
(a) |
400,000 |
375,766 |
5.73%,
10/21/26
(a)(b) |
400,000 |
402,780 |
3.15%,
04/27/27
(a) |
400,000 |
380,932 |
2.22%,
01/27/28
(a)(b) |
460,000 |
423,089 |
3.90%,
04/26/28
(a) |
350,000 |
338,740 |
4.55%,
07/22/28
(a)(b) |
600,000 |
591,587 |
5.78%,
06/12/29
(a)(b) |
500,000 |
513,870 |
3.00%,
07/30/29
(a) |
25,000 |
22,658 |
1.38%,
07/22/30
(a) |
550,000 |
443,846 |
2.68%,
01/27/33
(a)(b) |
250,000 |
209,081 |
4.97%,
07/22/33
(a)(b) |
475,000 |
451,059 |
5.85%,
10/21/33
(a)(b) |
530,000 |
547,470 |
4.84%,
02/01/34
(a)(b) |
500,000 |
480,019 |
5.84%,
06/12/34
(a)(b) |
500,000 |
516,515 |
2.49%,
11/03/36
(a)(b) |
500,000 |
392,062 |
U.S.
Bank NA | ||
2.05%,
01/21/25
(a) |
300,000 |
290,585 |
2.80%,
01/27/25
(a) |
250,000 |
243,514 |
UBS
AG | ||
5.80%,
09/11/25
|
300,000 |
303,597 |
1.25%,
06/01/26
|
250,000 |
229,843 |
5.65%,
09/11/28
|
400,000 |
415,205 |
4.50%,
06/26/48
|
250,000 |
246,920 |
UBS
Group AG | ||
3.75%,
03/26/25
|
500,000 |
490,010 |
4.55%,
04/17/26
|
625,000 |
617,107 |
4.88%,
05/15/45
|
500,000 |
477,020 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Wachovia
Corp. | ||
7.57%,
08/01/26
(e) |
100,000 |
105,914 |
5.50%,
08/01/35
|
200,000 |
202,814 |
Webster
Financial Corp. | ||
4.10%,
03/25/29
(a) |
150,000 |
139,317 |
Wells
Fargo & Co. | ||
3.00%,
02/19/25
|
700,000 |
684,652 |
3.55%,
09/29/25
|
750,000 |
733,565 |
2.16%,
02/11/26
(a)(b) |
900,000 |
866,966 |
3.00%,
04/22/26
|
900,000 |
862,596 |
3.91%,
04/25/26
(a)(b) |
800,000 |
784,729 |
2.19%,
04/30/26
(a)(b) |
850,000 |
815,026 |
4.10%,
06/03/26
|
600,000 |
586,941 |
4.54%,
08/15/26
(a)(b) |
550,000 |
544,671 |
3.00%,
10/23/26
|
1,000,000 |
950,193 |
3.20%,
06/17/27
(a)(b) |
750,000 |
717,745 |
4.30%,
07/22/27
|
700,000 |
685,869 |
3.53%,
03/24/28
(a)(b) |
1,075,000 |
1,026,197 |
3.58%,
05/22/28
(a)(b) |
900,000 |
858,139 |
2.39%,
06/02/28
(a)(b) |
900,000 |
824,907 |
4.81%,
07/25/28
(a)(b) |
975,000 |
968,704 |
4.15%,
01/24/29
(a) |
750,000 |
730,163 |
5.57%,
07/25/29
(a)(b) |
1,000,000 |
1,021,951 |
6.30%,
10/23/29
(a)(b) |
750,000 |
791,667 |
7.95%,
11/15/29
|
100,000 |
112,293 |
2.88%,
10/30/30
(a)(b) |
1,025,000 |
911,341 |
2.57%,
02/11/31
(a)(b) |
1,000,000 |
865,617 |
4.48%,
04/04/31
(a)(b) |
700,000 |
677,557 |
3.35%,
03/02/33
(a)(b) |
1,000,000 |
874,930 |
4.90%,
07/25/33
(a)(b) |
1,200,000 |
1,170,329 |
5.39%,
04/24/34
(a)(b) |
1,000,000 |
1,004,734 |
5.56%,
07/25/34
(a)(b) |
1,150,000 |
1,172,295 |
6.49%,
10/23/34
(a)(b) |
1,050,000 |
1,144,211 |
5.38%,
02/07/35
|
125,000 |
130,211 |
3.07%,
04/30/41
(a)(b) |
1,100,000 |
833,458 |
5.38%,
11/02/43
|
600,000 |
584,793 |
5.61%,
01/15/44
|
600,000 |
599,576 |
4.65%,
11/04/44
|
550,000 |
484,586 |
3.90%,
05/01/45
|
650,000 |
537,397 |
4.90%,
11/17/45
|
585,000 |
533,760 |
4.40%,
06/14/46
|
550,000 |
462,805 |
4.75%,
12/07/46
|
600,000 |
531,189 |
5.01%,
04/04/51
(a)(b) |
1,650,000 |
1,574,168 |
4.61%,
04/25/53
(a)(b) |
925,000 |
836,369 |
5.95%,
12/01/86
|
150,000 |
153,298 |
Wells
Fargo Bank NA | ||
5.55%,
08/01/25
(a) |
500,000 |
505,305 |
5.45%,
08/07/26
(a) |
550,000 |
559,293 |
5.25%,
12/11/26
(a) |
670,000 |
678,647 |
5.95%,
08/26/36
|
250,000 |
258,627 |
5.85%,
02/01/37
|
350,000 |
367,843 |
6.60%,
01/15/38
|
210,000 |
234,350 |
Westpac
Banking Corp. | ||
2.35%,
02/19/25
|
400,000 |
389,195 |
5.51%,
11/17/25
|
250,000 |
254,190 |
2.85%,
05/13/26
|
500,000 |
480,616 |
1.15%,
06/03/26
|
400,000 |
368,650 |
2.70%,
08/19/26
|
300,000 |
286,637 |
3.35%,
03/08/27
|
575,000 |
554,624 |
5.46%,
11/18/27
|
350,000 |
361,556 |
3.40%,
01/25/28
|
300,000 |
287,222 |
5.54%,
11/17/28
|
300,000 |
311,795 |
1.95%,
11/20/28
|
150,000 |
132,881 |
2.65%,
01/16/30
|
250,000 |
224,192 |
2.89%,
02/04/30
(a)(b) |
400,000 |
385,570 |
2.15%,
06/03/31
|
375,000 |
317,258 |
4.32%,
11/23/31
(a)(b) |
550,000 |
529,341 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.41%,
08/10/33
(a)(b) |
250,000 |
248,555 |
6.82%,
11/17/33
|
200,000 |
217,583 |
4.11%,
07/24/34
(a)(b) |
500,000 |
459,111 |
2.67%,
11/15/35
(a)(b) |
325,000 |
264,743 |
3.02%,
11/18/36
(a)(b) |
250,000 |
203,342 |
4.42%,
07/24/39
|
325,000 |
284,354 |
2.96%,
11/16/40
|
450,000 |
311,606 |
3.13%,
11/18/41
|
300,000 |
209,950 |
Wintrust
Financial Corp. | ||
4.85%,
06/06/29
|
100,000 |
91,609 |
Zions
Bancorp NA | ||
3.25%,
10/29/29
(a) |
250,000 |
205,571 |
|
|
431,315,074 |
Brokerage/Asset
Managers/Exchanges 0.4%
| ||
Affiliated
Managers Group, Inc. | ||
3.50%,
08/01/25
|
100,000 |
97,080 |
3.30%,
06/15/30
(a) |
125,000 |
111,377 |
Ameriprise
Financial, Inc. | ||
3.00%,
04/02/25
(a) |
150,000 |
146,363 |
2.88%,
09/15/26
(a) |
150,000 |
143,672 |
5.70%,
12/15/28
(a) |
175,000 |
183,481 |
5.15%,
05/15/33
(a) |
300,000 |
309,594 |
Apollo
Global Management, Inc. | ||
6.38%,
11/15/33
(a) |
150,000 |
161,802 |
BGC
Group, Inc. | ||
8.00%,
05/25/28
(a) |
125,000 |
131,491 |
BlackRock,
Inc. | ||
3.20%,
03/15/27
|
250,000 |
242,327 |
3.25%,
04/30/29
(a) |
400,000 |
384,963 |
2.40%,
04/30/30
(a) |
400,000 |
357,610 |
1.90%,
01/28/31
(a) |
550,000 |
464,416 |
2.10%,
02/25/32
(a) |
100,000 |
83,686 |
Brookfield
Capital Finance LLC | ||
6.09%,
06/14/33
(a) |
150,000 |
156,894 |
Brookfield
Corp. | ||
4.00%,
01/15/25
(a) |
150,000 |
147,764 |
Brookfield
Finance I U.K. PLC/Brookfield Finance, Inc. | ||
2.34%,
01/30/32
(a) |
200,000 |
160,287 |
Brookfield
Finance LLC/Brookfield Finance, Inc. | ||
3.45%,
04/15/50
(a) |
205,000 |
142,945 |
Brookfield
Finance, Inc. | ||
3.90%,
01/25/28
(a) |
385,000 |
370,855 |
4.85%,
03/29/29
(a) |
350,000 |
348,422 |
4.35%,
04/15/30
(a) |
250,000 |
241,164 |
2.72%,
04/15/31
(a) |
50,000 |
42,700 |
6.35%,
01/05/34
(a) |
300,000 |
319,318 |
4.70%,
09/20/47
(a) |
310,000 |
271,084 |
3.50%,
03/30/51
(a) |
200,000 |
146,578 |
3.63%,
02/15/52
(a) |
75,000 |
54,151 |
Cboe
Global Markets, Inc. | ||
3.65%,
01/12/27
(a) |
200,000 |
194,312 |
1.63%,
12/15/30
(a) |
150,000 |
123,596 |
3.00%,
03/16/32
(a) |
100,000 |
88,861 |
Charles
Schwab Corp. | ||
3.00%,
03/10/25
(a)(f) |
75,000 |
73,087 |
4.20%,
03/24/25
(a)(f) |
160,000 |
158,246 |
3.63%,
04/01/25
(a)(f) |
100,000 |
98,256 |
3.85%,
05/21/25
(a)(f) |
200,000 |
196,460 |
3.45%,
02/13/26
(a)(f) |
75,000 |
72,745 |
0.90%,
03/11/26
(a)(f) |
325,000 |
298,113 |
1.15%,
05/13/26
(a)(f) |
260,000 |
238,505 |
5.88%,
08/24/26
(a)(f) |
250,000 |
256,543 |
3.20%,
03/02/27
(a)(f) |
175,000 |
167,095 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.45%,
03/03/27
(a)(f) |
400,000 |
372,683 |
3.30%,
04/01/27
(a)(f) |
175,000 |
167,094 |
3.20%,
01/25/28
(a)(f) |
175,000 |
165,327 |
2.00%,
03/20/28
(a)(f) |
335,000 |
298,637 |
4.00%,
02/01/29
(a)(f) |
150,000 |
145,831 |
5.64%,
05/19/29
(a)(b)(f) |
300,000 |
308,395 |
3.25%,
05/22/29
(a)(f) |
155,000 |
145,464 |
2.75%,
10/01/29
(a)(f) |
125,000 |
112,709 |
6.20%,
11/17/29
(a)(b)(f) |
300,000 |
315,410 |
4.63%,
03/22/30
(a)(f) |
130,000 |
130,740 |
1.65%,
03/11/31
(a)(f) |
200,000 |
161,500 |
2.30%,
05/13/31
(a)(f) |
200,000 |
167,286 |
1.95%,
12/01/31
(a)(f) |
230,000 |
185,212 |
2.90%,
03/03/32
(a)(f) |
250,000 |
215,881 |
5.85%,
05/19/34
(a)(b)(f) |
350,000 |
361,466 |
6.14%,
08/24/34
(a)(b)(f) |
350,000 |
369,850 |
CI
Financial Corp. | ||
3.20%,
12/17/30
(a) |
315,000 |
249,360 |
4.10%,
06/15/51
(a) |
375,000 |
221,775 |
CME
Group, Inc. | ||
3.00%,
03/15/25
(a) |
200,000 |
195,844 |
3.75%,
06/15/28
(a) |
200,000 |
195,812 |
2.65%,
03/15/32
(a) |
225,000 |
200,101 |
5.30%,
09/15/43
(a) |
200,000 |
213,014 |
4.15%,
06/15/48
(a) |
250,000 |
227,506 |
Eaton
Vance Corp. | ||
3.50%,
04/06/27
(a) |
123,000 |
118,181 |
Franklin
Resources, Inc. | ||
2.85%,
03/30/25
|
125,000 |
121,706 |
1.60%,
10/30/30
(a) |
250,000 |
204,661 |
2.95%,
08/12/51
(a) |
100,000 |
63,891 |
Intercontinental
Exchange, Inc. | ||
3.65%,
05/23/25
|
200,000 |
196,289 |
3.75%,
12/01/25
(a) |
350,000 |
344,069 |
3.10%,
09/15/27
(a) |
200,000 |
190,772 |
4.00%,
09/15/27
(a) |
450,000 |
442,189 |
3.75%,
09/21/28
(a) |
200,000 |
194,670 |
4.35%,
06/15/29
(a) |
275,000 |
274,131 |
2.10%,
06/15/30
(a) |
375,000 |
324,459 |
1.85%,
09/15/32
(a) |
500,000 |
401,525 |
4.60%,
03/15/33
(a) |
575,000 |
574,526 |
2.65%,
09/15/40
(a) |
350,000 |
261,620 |
4.25%,
09/21/48
(a) |
290,000 |
260,650 |
3.00%,
06/15/50
(a) |
375,000 |
269,038 |
4.95%,
06/15/52
(a) |
400,000 |
400,483 |
3.00%,
09/15/60
(a) |
450,000 |
305,362 |
5.20%,
06/15/62
(a) |
300,000 |
307,379 |
Invesco
Finance PLC | ||
3.75%,
01/15/26
|
230,000 |
224,170 |
5.38%,
11/30/43
|
100,000 |
99,682 |
Janus
Henderson U.S. Holdings, Inc. | ||
4.88%,
08/01/25
(a) |
100,000 |
99,016 |
Jefferies
Financial Group, Inc. | ||
4.85%,
01/15/27
|
200,000 |
199,388 |
6.45%,
06/08/27
|
100,000 |
104,079 |
5.88%,
07/21/28
(a) |
300,000 |
308,020 |
4.15%,
01/23/30
|
300,000 |
282,249 |
2.63%,
10/15/31
(a) |
325,000 |
270,045 |
2.75%,
10/15/32
(a) |
150,000 |
123,466 |
6.25%,
01/15/36
|
150,000 |
158,138 |
6.50%,
01/20/43
|
75,000 |
79,562 |
Lazard
Group LLC | ||
3.75%,
02/13/25
|
50,000 |
48,987 |
3.63%,
03/01/27
(a) |
100,000 |
94,500 |
4.50%,
09/19/28
(a) |
200,000 |
194,985 |
4.38%,
03/11/29
(a) |
150,000 |
146,021 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Legg
Mason, Inc. | ||
4.75%,
03/15/26
|
150,000 |
149,593 |
5.63%,
01/15/44
|
176,000 |
180,858 |
LPL
Holdings, Inc. | ||
6.75%,
11/17/28
(a) |
200,000 |
213,132 |
Nasdaq,
Inc. | ||
5.65%,
06/28/25
|
125,000 |
126,275 |
3.85%,
06/30/26
(a) |
150,000 |
146,363 |
5.35%,
06/28/28
(a) |
250,000 |
257,561 |
1.65%,
01/15/31
(a) |
200,000 |
162,445 |
5.55%,
02/15/34
(a) |
350,000 |
364,416 |
2.50%,
12/21/40
(a) |
250,000 |
173,810 |
3.25%,
04/28/50
(a) |
200,000 |
141,701 |
3.95%,
03/07/52
(a) |
300,000 |
238,264 |
5.95%,
08/15/53
(a) |
200,000 |
215,758 |
6.10%,
06/28/63
(a) |
200,000 |
217,491 |
Nomura
Holdings, Inc. | ||
2.65%,
01/16/25
|
500,000 |
485,099 |
5.10%,
07/03/25
|
200,000 |
198,799 |
1.85%,
07/16/25
|
500,000 |
473,272 |
1.65%,
07/14/26
|
600,000 |
548,937 |
2.33%,
01/22/27
|
500,000 |
458,907 |
2.17%,
07/14/28
|
600,000 |
527,239 |
3.10%,
01/16/30
|
650,000 |
575,188 |
2.68%,
07/16/30
|
400,000 |
340,979 |
2.61%,
07/14/31
|
800,000 |
664,601 |
3.00%,
01/22/32
|
200,000 |
168,887 |
Raymond
James Financial, Inc. | ||
4.65%,
04/01/30
(a) |
200,000 |
201,746 |
4.95%,
07/15/46
|
200,000 |
187,030 |
3.75%,
04/01/51
(a) |
235,000 |
177,853 |
Stifel
Financial Corp. | ||
4.00%,
05/15/30
(a) |
175,000 |
159,386 |
|
|
27,756,239 |
Finance
Companies 0.3%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.50%,
01/15/25
(a) |
300,000 |
293,678 |
6.50%,
07/15/25
(a) |
425,000 |
431,571 |
4.45%,
10/01/25
(a) |
150,000 |
147,292 |
1.75%,
01/30/26
(a) |
400,000 |
371,966 |
4.45%,
04/03/26
(a) |
150,000 |
147,436 |
2.45%,
10/29/26
(a) |
1,000,000 |
926,571 |
6.10%,
01/15/27
(a) |
200,000 |
204,372 |
6.45%,
04/15/27
(a)(d) |
150,000 |
155,382 |
3.65%,
07/21/27
(a) |
350,000 |
332,966 |
4.63%,
10/15/27
(a) |
200,000 |
196,532 |
3.88%,
01/23/28
(a) |
300,000 |
286,185 |
5.75%,
06/06/28
(a) |
150,000 |
153,707 |
3.00%,
10/29/28
(a) |
1,000,000 |
913,131 |
3.30%,
01/30/32
(a) |
1,635,000 |
1,424,782 |
3.40%,
10/29/33
(a) |
450,000 |
386,806 |
3.85%,
10/29/41
(a) |
460,000 |
371,943 |
Air
Lease Corp. | ||
2.30%,
02/01/25
(a) |
250,000 |
241,288 |
3.25%,
03/01/25
(a) |
200,000 |
194,813 |
3.38%,
07/01/25
(a) |
275,000 |
266,444 |
2.88%,
01/15/26
(a) |
325,000 |
309,952 |
3.75%,
06/01/26
(a) |
250,000 |
241,695 |
1.88%,
08/15/26
(a) |
200,000 |
184,337 |
2.20%,
01/15/27
(a) |
250,000 |
229,223 |
3.63%,
04/01/27
(a) |
150,000 |
143,451 |
3.63%,
12/01/27
(a) |
199,000 |
188,584 |
2.10%,
09/01/28
(a) |
200,000 |
175,584 |
4.63%,
10/01/28
(a) |
200,000 |
195,723 |
3.25%,
10/01/29
(a) |
250,000 |
226,327 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.00%,
02/01/30
(a) |
300,000 |
266,309 |
3.13%,
12/01/30
(a) |
250,000 |
219,151 |
2.88%,
01/15/32
(a) |
250,000 |
212,074 |
Aircastle
Ltd. | ||
4.25%,
06/15/26
(a) |
250,000 |
241,976 |
ARES
Capital Corp. | ||
4.25%,
03/01/25
(a) |
150,000 |
146,567 |
3.25%,
07/15/25
(a) |
250,000 |
239,599 |
3.88%,
01/15/26
(a) |
350,000 |
336,525 |
2.15%,
07/15/26
(a) |
385,000 |
351,226 |
2.88%,
06/15/27
(a) |
160,000 |
146,452 |
2.88%,
06/15/28
(a) |
350,000 |
310,445 |
3.20%,
11/15/31
(a) |
350,000 |
293,158 |
Bain
Capital Specialty Finance, Inc. | ||
2.95%,
03/10/26
(a) |
200,000 |
186,316 |
BlackRock
TCP Capital Corp. | ||
2.85%,
02/09/26
(a) |
150,000 |
140,876 |
Blackstone
Private Credit Fund | ||
2.70%,
01/15/25
(a) |
200,000 |
193,303 |
4.70%,
03/24/25
|
200,000 |
196,744 |
7.05%,
09/29/25
|
225,000 |
229,223 |
2.63%,
12/15/26
(a) |
310,000 |
280,979 |
3.25%,
03/15/27
(a) |
400,000 |
367,283 |
4.00%,
01/15/29
(a) |
250,000 |
228,513 |
Blackstone
Secured Lending Fund | ||
3.63%,
01/15/26
(a) |
300,000 |
286,741 |
2.75%,
09/16/26
(a) |
200,000 |
183,598 |
2.13%,
02/15/27
(a) |
250,000 |
222,170 |
2.85%,
09/30/28
(a) |
200,000 |
173,597 |
Blue
Owl Capital Corp. | ||
4.00%,
03/30/25
(a) |
150,000 |
145,929 |
3.75%,
07/22/25
(a) |
150,000 |
144,016 |
4.25%,
01/15/26
(a) |
200,000 |
193,585 |
3.40%,
07/15/26
(a) |
275,000 |
256,061 |
2.63%,
01/15/27
(a) |
150,000 |
135,442 |
2.88%,
06/11/28
(a) |
250,000 |
219,986 |
Blue
Owl Capital Corp. II | ||
8.45%,
11/15/26
(a)(d) |
200,000 |
206,560 |
Blue
Owl Capital Corp. III | ||
3.13%,
04/13/27
(a) |
100,000 |
88,871 |
Blue
Owl Credit Income Corp. | ||
5.50%,
03/21/25
|
200,000 |
197,325 |
3.13%,
09/23/26
(a) |
150,000 |
137,159 |
4.70%,
02/08/27
(a) |
200,000 |
189,549 |
Blue
Owl Technology Finance Corp. | ||
2.50%,
01/15/27
(a) |
100,000 |
87,415 |
FS
KKR Capital Corp. | ||
4.13%,
02/01/25
(a) |
150,000 |
146,273 |
3.40%,
01/15/26
(a) |
250,000 |
236,938 |
2.63%,
01/15/27
(a) |
100,000 |
89,815 |
3.25%,
07/15/27
(a) |
125,000 |
114,045 |
3.13%,
10/12/28
(a) |
250,000 |
218,513 |
GATX
Corp. | ||
3.85%,
03/30/27
(a) |
235,000 |
225,978 |
3.50%,
03/15/28
(a) |
150,000 |
141,232 |
4.55%,
11/07/28
(a) |
250,000 |
245,500 |
4.70%,
04/01/29
(a) |
255,000 |
253,158 |
4.00%,
06/30/30
(a) |
50,000 |
47,017 |
1.90%,
06/01/31
(a) |
100,000 |
79,888 |
3.50%,
06/01/32
(a) |
100,000 |
87,619 |
6.90%,
05/01/34
(a) |
150,000 |
165,490 |
5.20%,
03/15/44
(a) |
200,000 |
188,264 |
3.10%,
06/01/51
(a) |
150,000 |
99,499 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Goldman
Sachs BDC, Inc. | ||
3.75%,
02/10/25
(a) |
150,000 |
147,058 |
2.88%,
01/15/26
(a) |
100,000 |
95,087 |
Golub
Capital BDC, Inc. | ||
2.50%,
08/24/26
(a) |
200,000 |
181,814 |
2.05%,
02/15/27
(a) |
100,000 |
88,254 |
Hercules
Capital, Inc. | ||
3.38%,
01/20/27
(a) |
225,000 |
204,895 |
Main
Street Capital Corp. | ||
3.00%,
07/14/26
(a) |
150,000 |
137,225 |
Morgan
Stanley Direct Lending Fund | ||
4.50%,
02/11/27
(a) |
150,000 |
144,773 |
Oaktree
Specialty Lending Corp. | ||
3.50%,
02/25/25
(a) |
100,000 |
96,812 |
2.70%,
01/15/27
(a) |
100,000 |
89,652 |
Prospect
Capital Corp. | ||
3.71%,
01/22/26
(a) |
125,000 |
117,659 |
3.36%,
11/15/26
(a) |
200,000 |
180,177 |
3.44%,
10/15/28
(a) |
25,000 |
21,079 |
Sixth
Street Specialty Lending, Inc. | ||
2.50%,
08/01/26
(a) |
300,000 |
274,370 |
|
|
20,914,548 |
Financial
Other 0.0%
| ||
Andrew
W Mellon Foundation | ||
0.95%,
08/01/27
(a) |
50,000 |
44,270 |
ORIX
Corp. | ||
3.70%,
07/18/27
|
143,000 |
137,845 |
5.00%,
09/13/27
|
150,000 |
151,450 |
2.25%,
03/09/31
(c) |
190,000 |
162,491 |
5.20%,
09/13/32
|
200,000 |
206,655 |
|
|
702,711 |
Insurance
1.1%
| ||
ACE
Capital Trust II | ||
9.70%,
04/01/30
|
135,000 |
159,500 |
Aegon
Ltd. | ||
5.50%,
04/11/48
(a)(b) |
350,000 |
333,638 |
Aetna,
Inc. | ||
6.63%,
06/15/36
|
215,000 |
241,121 |
6.75%,
12/15/37
|
150,000 |
168,758 |
4.50%,
05/15/42
(a) |
200,000 |
177,129 |
4.13%,
11/15/42
(a) |
150,000 |
124,987 |
4.75%,
03/15/44
(a) |
125,000 |
112,713 |
3.88%,
08/15/47
(a) |
240,000 |
188,191 |
Aflac,
Inc. | ||
1.13%,
03/15/26
(a) |
150,000 |
138,516 |
3.60%,
04/01/30
(a) |
250,000 |
236,362 |
4.00%,
10/15/46
(a) |
150,000 |
123,204 |
4.75%,
01/15/49
(a) |
150,000 |
141,383 |
Alleghany
Corp. | ||
3.63%,
05/15/30
(a) |
200,000 |
189,382 |
3.25%,
08/15/51
(a) |
200,000 |
151,865 |
Allied
World Assurance Co. Holdings Ltd. | ||
4.35%,
10/29/25
(a) |
200,000 |
195,063 |
Allstate
Corp. | ||
0.75%,
12/15/25
(a) |
300,000 |
277,029 |
3.28%,
12/15/26
(a) |
150,000 |
144,984 |
1.45%,
12/15/30
(a) |
215,000 |
174,223 |
5.35%,
06/01/33
|
104,000 |
107,044 |
5.55%,
05/09/35
|
200,000 |
208,018 |
5.95%,
04/01/36
|
200,000 |
214,228 |
4.50%,
06/15/43
|
100,000 |
90,068 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.20%,
12/15/46
(a) |
276,000 |
234,896 |
3.85%,
08/10/49
(a) |
150,000 |
121,357 |
6.50%,
05/15/67
(a)(b) |
130,000 |
129,672 |
American
Equity Investment Life Holding Co. | ||
5.00%,
06/15/27
(a)(c) |
125,000 |
120,140 |
American
Financial Group, Inc. | ||
5.25%,
04/02/30
(a) |
100,000 |
100,536 |
4.50%,
06/15/47
(a) |
200,000 |
169,190 |
American
International Group, Inc. | ||
3.40%,
06/30/30
(a) |
100,000 |
92,100 |
5.13%,
03/27/33
(a) |
250,000 |
253,908 |
3.88%,
01/15/35
(a) |
75,000 |
68,036 |
6.25%,
05/01/36
|
150,000 |
159,927 |
4.50%,
07/16/44
(a) |
200,000 |
181,185 |
4.80%,
07/10/45
(a) |
275,000 |
259,902 |
4.75%,
04/01/48
(a) |
275,000 |
260,629 |
5.75%,
04/01/48
(a)(b) |
335,000 |
331,429 |
4.38%,
06/30/50
(a) |
300,000 |
268,761 |
Aon
Corp. | ||
8.21%,
01/01/27
|
150,000 |
160,237 |
4.50%,
12/15/28
(a) |
100,000 |
98,836 |
3.75%,
05/02/29
(a) |
100,000 |
95,736 |
2.80%,
05/15/30
(a) |
325,000 |
288,481 |
6.25%,
09/30/40
|
150,000 |
162,552 |
Aon
Corp./Aon Global Holdings PLC | ||
2.05%,
08/23/31
(a) |
200,000 |
163,607 |
5.00%,
09/12/32
(a) |
150,000 |
150,363 |
2.90%,
08/23/51
(a) |
200,000 |
131,765 |
3.90%,
02/28/52
(a) |
250,000 |
198,811 |
Aon
Global Ltd. | ||
3.88%,
12/15/25
(a) |
500,000 |
489,972 |
4.60%,
06/14/44
(a) |
200,000 |
179,978 |
4.75%,
05/15/45
(a) |
200,000 |
184,983 |
Arch
Capital Finance LLC | ||
4.01%,
12/15/26
(a) |
200,000 |
194,351 |
5.03%,
12/15/46
(a) |
150,000 |
140,665 |
Arch
Capital Group Ltd. | ||
3.64%,
06/30/50
(a) |
300,000 |
229,876 |
Arch
Capital Group U.S., Inc. | ||
5.14%,
11/01/43
|
175,000 |
166,823 |
Arthur
J Gallagher & Co. | ||
5.50%,
03/02/33
(a) |
100,000 |
101,996 |
6.50%,
02/15/34
(a) |
125,000 |
137,027 |
3.50%,
05/20/51
(a) |
300,000 |
222,968 |
3.05%,
03/09/52
(a) |
150,000 |
101,035 |
5.75%,
03/02/53
(a) |
250,000 |
256,375 |
Assurant,
Inc. | ||
4.90%,
03/27/28
(a) |
100,000 |
99,116 |
3.70%,
02/22/30
(a) |
100,000 |
90,299 |
2.65%,
01/15/32
(a) |
150,000 |
121,896 |
Assured
Guaranty U.S. Holdings, Inc. | ||
3.15%,
06/15/31
(a) |
200,000 |
177,307 |
3.60%,
09/15/51
(a) |
125,000 |
90,102 |
Athene
Holding Ltd. | ||
4.13%,
01/12/28
(a) |
350,000 |
335,215 |
6.15%,
04/03/30
(a) |
100,000 |
103,470 |
3.50%,
01/15/31
(a) |
175,000 |
154,512 |
6.65%,
02/01/33
(a) |
125,000 |
133,010 |
5.88%,
01/15/34
(a) |
100,000 |
101,076 |
AXA
SA | ||
8.60%,
12/15/30
|
200,000 |
240,890 |
AXIS
Specialty Finance LLC | ||
3.90%,
07/15/29
(a) |
120,000 |
113,982 |
4.90%,
01/15/40
(a)(b) |
125,000 |
104,342 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
AXIS
Specialty Finance PLC | ||
4.00%,
12/06/27
(a) |
150,000 |
144,044 |
Berkshire
Hathaway Finance Corp. | ||
2.30%,
03/15/27
(a) |
250,000 |
236,681 |
1.85%,
03/12/30
(a) |
150,000 |
130,759 |
1.45%,
10/15/30
(a) |
300,000 |
253,188 |
2.88%,
03/15/32
(a) |
200,000 |
180,548 |
5.75%,
01/15/40
|
250,000 |
283,910 |
4.40%,
05/15/42
|
500,000 |
483,444 |
4.30%,
05/15/43
|
100,000 |
93,997 |
4.20%,
08/15/48
(a) |
650,000 |
599,775 |
4.25%,
01/15/49
(a) |
600,000 |
560,427 |
2.85%,
10/15/50
(a) |
375,000 |
263,724 |
2.50%,
01/15/51
(a) |
300,000 |
196,281 |
3.85%,
03/15/52
(a) |
800,000 |
671,346 |
Berkshire
Hathaway, Inc. | ||
3.13%,
03/15/26
(a) |
650,000 |
632,257 |
4.50%,
02/11/43
|
50,000 |
48,722 |
Brighthouse
Financial, Inc. | ||
3.70%,
06/22/27
(a) |
250,000 |
236,732 |
5.63%,
05/15/30
(a) |
200,000 |
203,090 |
4.70%,
06/22/47
(a) |
335,000 |
266,651 |
3.85%,
12/22/51
(a) |
125,000 |
82,689 |
Brown
& Brown, Inc. | ||
4.50%,
03/15/29
(a) |
50,000 |
48,832 |
2.38%,
03/15/31
(a) |
200,000 |
164,336 |
4.20%,
03/17/32
(a) |
185,000 |
169,569 |
4.95%,
03/17/52
(a) |
200,000 |
178,126 |
Centene
Corp. | ||
4.25%,
12/15/27
(a) |
715,000 |
691,047 |
2.45%,
07/15/28
(a) |
700,000 |
625,359 |
4.63%,
12/15/29
(a) |
1,000,000 |
962,200 |
3.38%,
02/15/30
(a) |
500,000 |
449,043 |
3.00%,
10/15/30
(a) |
600,000 |
522,630 |
2.50%,
03/01/31
(a) |
600,000 |
500,702 |
2.63%,
08/01/31
(a) |
400,000 |
334,092 |
Chubb
Corp. | ||
6.00%,
05/11/37
|
200,000 |
221,577 |
6.50%,
05/15/38
|
260,000 |
301,793 |
Chubb
INA Holdings, Inc. | ||
3.15%,
03/15/25
|
200,000 |
195,737 |
3.35%,
05/03/26
(a) |
425,000 |
413,681 |
1.38%,
09/15/30
(a) |
350,000 |
288,622 |
4.35%,
11/03/45
(a) |
400,000 |
376,417 |
2.85%,
12/15/51
(a) |
150,000 |
109,115 |
3.05%,
12/15/61
(a) |
320,000 |
229,925 |
Cincinnati
Financial Corp. | ||
6.92%,
05/15/28
|
200,000 |
214,849 |
6.13%,
11/01/34
|
50,000 |
52,540 |
CNA
Financial Corp. | ||
4.50%,
03/01/26
(a) |
210,000 |
207,940 |
3.45%,
08/15/27
(a) |
150,000 |
143,688 |
3.90%,
05/01/29
(a) |
25,000 |
23,951 |
2.05%,
08/15/30
(a) |
250,000 |
209,240 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/25
(a) |
50,000 |
49,760 |
5.25%,
05/30/29
(a) |
220,000 |
218,086 |
Corebridge
Financial, Inc. | ||
3.50%,
04/04/25
(a) |
250,000 |
243,997 |
3.65%,
04/05/27
(a) |
400,000 |
385,449 |
3.85%,
04/05/29
(a) |
400,000 |
378,036 |
3.90%,
04/05/32
(a) |
650,000 |
589,359 |
4.35%,
04/05/42
(a) |
150,000 |
127,415 |
4.40%,
04/05/52
(a) |
350,000 |
294,507 |
6.88%,
12/15/52
(a)(b) |
130,000 |
129,817 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Elevance
Health, Inc. | ||
2.38%,
01/15/25
(a) |
550,000 |
534,552 |
5.35%,
10/15/25
(a) |
200,000 |
201,491 |
1.50%,
03/15/26
(a) |
250,000 |
233,261 |
3.65%,
12/01/27
(a) |
500,000 |
485,424 |
4.10%,
03/01/28
(a) |
350,000 |
345,047 |
2.88%,
09/15/29
(a) |
210,000 |
192,620 |
2.25%,
05/15/30
(a) |
350,000 |
303,656 |
2.55%,
03/15/31
(a) |
300,000 |
260,631 |
4.10%,
05/15/32
(a) |
50,000 |
47,768 |
5.50%,
10/15/32
(a) |
200,000 |
209,423 |
4.75%,
02/15/33
(a) |
250,000 |
250,401 |
5.95%,
12/15/34
|
100,000 |
107,644 |
5.85%,
01/15/36
|
100,000 |
107,028 |
6.38%,
06/15/37
|
50,000 |
55,584 |
4.63%,
05/15/42
|
225,000 |
210,163 |
4.65%,
01/15/43
|
300,000 |
278,224 |
5.10%,
01/15/44
|
200,000 |
196,063 |
4.65%,
08/15/44
(a) |
250,000 |
232,279 |
4.38%,
12/01/47
(a) |
425,000 |
380,562 |
4.55%,
03/01/48
(a) |
250,000 |
228,382 |
3.70%,
09/15/49
(a) |
250,000 |
198,912 |
3.13%,
05/15/50
(a) |
300,000 |
217,493 |
3.60%,
03/15/51
(a) |
250,000 |
196,640 |
4.55%,
05/15/52
(a) |
235,000 |
215,037 |
6.10%,
10/15/52
(a) |
200,000 |
227,608 |
5.13%,
02/15/53
(a) |
250,000 |
250,741 |
Enstar
Finance LLC | ||
5.50%,
01/15/42
(a)(b) |
75,000 |
63,907 |
Enstar
Group Ltd. | ||
4.95%,
06/01/29
(a) |
150,000 |
146,652 |
3.10%,
09/01/31
(a) |
175,000 |
143,040 |
Equitable
Holdings, Inc. | ||
4.35%,
04/20/28
(a) |
650,000 |
629,157 |
5.00%,
04/20/48
(a) |
550,000 |
513,145 |
Everest
Reinsurance Holdings, Inc. | ||
4.87%,
06/01/44
|
115,000 |
106,066 |
3.50%,
10/15/50
(a) |
325,000 |
240,865 |
3.13%,
10/15/52
(a) |
315,000 |
216,371 |
F&G
Annuities & Life, Inc. | ||
7.40%,
01/13/28
(a) |
150,000 |
154,794 |
Fairfax
Financial Holdings Ltd. | ||
4.85%,
04/17/28
(a) |
250,000 |
246,792 |
4.63%,
04/29/30
(a) |
300,000 |
289,011 |
Fidelity
National Financial, Inc. | ||
4.50%,
08/15/28
(a) |
150,000 |
146,331 |
3.40%,
06/15/30
(a) |
200,000 |
179,671 |
2.45%,
03/15/31
(a) |
200,000 |
165,916 |
3.20%,
09/17/51
(a) |
100,000 |
63,848 |
First
American Financial Corp. | ||
4.00%,
05/15/30
(a) |
150,000 |
136,031 |
2.40%,
08/15/31
(a) |
200,000 |
158,342 |
Globe
Life, Inc. | ||
4.55%,
09/15/28
(a) |
170,000 |
168,995 |
2.15%,
08/15/30
(a) |
200,000 |
168,474 |
4.80%,
06/15/32
(a) |
100,000 |
97,442 |
Hanover
Insurance Group, Inc. | ||
4.50%,
04/15/26
(a) |
150,000 |
147,572 |
2.50%,
09/01/30
(a) |
100,000 |
82,458 |
Hartford
Financial Services Group, Inc. | ||
2.80%,
08/19/29
(a) |
145,000 |
132,041 |
5.95%,
10/15/36
|
200,000 |
212,902 |
6.10%,
10/01/41
|
150,000 |
160,821 |
4.40%,
03/15/48
(a) |
75,000 |
65,798 |
3.60%,
08/19/49
(a) |
300,000 |
232,432 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Humana,
Inc. | ||
4.50%,
04/01/25
(a) |
250,000 |
248,197 |
5.70%,
03/13/26
(a) |
50,000 |
50,046 |
1.35%,
02/03/27
(a) |
250,000 |
225,736 |
3.95%,
03/15/27
(a) |
150,000 |
146,829 |
5.75%,
03/01/28
(a) |
250,000 |
260,145 |
3.70%,
03/23/29
(a) |
275,000 |
264,887 |
3.13%,
08/15/29
(a) |
100,000 |
92,879 |
4.88%,
04/01/30
(a) |
250,000 |
253,343 |
2.15%,
02/03/32
(a) |
250,000 |
206,049 |
5.95%,
03/15/34
(a) |
250,000 |
267,907 |
4.63%,
12/01/42
(a) |
125,000 |
114,670 |
4.95%,
10/01/44
(a) |
250,000 |
237,532 |
4.80%,
03/15/47
(a) |
150,000 |
139,981 |
3.95%,
08/15/49
(a) |
150,000 |
123,889 |
5.50%,
03/15/53
(a) |
225,000 |
233,531 |
Jackson
Financial, Inc. | ||
5.17%,
06/08/27
(a) |
120,000 |
120,024 |
3.13%,
11/23/31
(a) |
150,000 |
126,314 |
5.67%,
06/08/32
(a) |
100,000 |
101,910 |
4.00%,
11/23/51
(a) |
150,000 |
107,309 |
Kemper
Corp. | ||
4.35%,
02/15/25
(a) |
115,000 |
112,753 |
2.40%,
09/30/30
(a) |
300,000 |
235,138 |
Lincoln
National Corp. | ||
3.35%,
03/09/25
|
100,000 |
97,607 |
3.63%,
12/12/26
(a) |
104,000 |
101,131 |
3.80%,
03/01/28
(a) |
150,000 |
144,176 |
3.05%,
01/15/30
(a) |
150,000 |
132,650 |
3.40%,
01/15/31
(a)(c) |
150,000 |
134,664 |
6.30%,
10/09/37
|
150,000 |
159,420 |
7.00%,
06/15/40
|
150,000 |
169,339 |
4.35%,
03/01/48
(a) |
200,000 |
159,869 |
4.38%,
06/15/50
(a) |
50,000 |
39,943 |
Loews
Corp. | ||
3.75%,
04/01/26
(a) |
150,000 |
146,399 |
3.20%,
05/15/30
(a) |
150,000 |
137,668 |
6.00%,
02/01/35
|
100,000 |
109,205 |
4.13%,
05/15/43
(a) |
150,000 |
133,765 |
Manulife
Financial Corp. | ||
4.15%,
03/04/26
|
350,000 |
345,915 |
2.48%,
05/19/27
(a)(c) |
125,000 |
116,089 |
4.06%,
02/24/32
(a)(b) |
300,000 |
284,040 |
3.70%,
03/16/32
(a) |
150,000 |
140,869 |
5.38%,
03/04/46
|
150,000 |
152,767 |
Markel
Group, Inc. | ||
3.50%,
11/01/27
(a) |
100,000 |
95,300 |
3.35%,
09/17/29
(a) |
100,000 |
91,739 |
5.00%,
04/05/46
|
100,000 |
90,956 |
4.30%,
11/01/47
(a) |
100,000 |
82,287 |
5.00%,
05/20/49
(a) |
200,000 |
186,144 |
4.15%,
09/17/50
(a) |
200,000 |
163,396 |
3.45%,
05/07/52
(a) |
150,000 |
107,526 |
Marsh
& McLennan Cos., Inc. | ||
3.50%,
03/10/25
(a) |
250,000 |
245,731 |
3.75%,
03/14/26
(a) |
250,000 |
245,437 |
4.38%,
03/15/29
(a) |
550,000 |
547,844 |
2.25%,
11/15/30
(a) |
375,000 |
324,253 |
5.75%,
11/01/32
(a) |
150,000 |
161,823 |
4.75%,
03/15/39
(a) |
250,000 |
243,603 |
4.35%,
01/30/47
(a) |
200,000 |
179,778 |
4.20%,
03/01/48
(a) |
100,000 |
87,623 |
4.90%,
03/15/49
(a) |
475,000 |
460,092 |
2.90%,
12/15/51
(a) |
100,000 |
67,512 |
5.70%,
09/15/53
(a) |
275,000 |
299,123 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Mercury
General Corp. | ||
4.40%,
03/15/27
(a) |
150,000 |
143,776 |
MetLife,
Inc. | ||
3.00%,
03/01/25
|
110,000 |
107,635 |
4.55%,
03/23/30
(a) |
400,000 |
402,810 |
6.50%,
12/15/32
|
500,000 |
568,629 |
5.70%,
06/15/35
|
400,000 |
430,694 |
5.88%,
02/06/41
|
300,000 |
328,260 |
4.13%,
08/13/42
|
475,000 |
422,263 |
4.88%,
11/13/43
|
100,000 |
97,734 |
4.72%,
12/15/44
(e) |
350,000 |
330,606 |
4.05%,
03/01/45
|
150,000 |
130,634 |
4.60%,
05/13/46
(a) |
300,000 |
286,052 |
5.00%,
07/15/52
(a) |
300,000 |
298,729 |
5.25%,
01/15/54
(a) |
75,000 |
77,248 |
6.40%,
12/15/66
(a) |
400,000 |
412,866 |
10.75%,
08/01/69
(a)(b) |
100,000 |
135,506 |
Munich
Re America Corp. | ||
7.45%,
12/15/26
|
25,000 |
26,968 |
Nationwide
Financial Services, Inc. | ||
6.75%,
05/15/87
(b) |
115,000 |
112,394 |
Old
Republic International Corp. | ||
3.88%,
08/26/26
(a) |
150,000 |
144,673 |
3.85%,
06/11/51
(a) |
190,000 |
140,107 |
PartnerRe
Finance B LLC | ||
3.70%,
07/02/29
(a) |
160,000 |
151,749 |
4.50%,
10/01/50
(a)(b) |
150,000 |
129,794 |
Primerica,
Inc. | ||
2.80%,
11/19/31
(a) |
250,000 |
212,028 |
Principal
Financial Group, Inc. | ||
3.10%,
11/15/26
(a) |
150,000 |
143,129 |
3.70%,
05/15/29
(a) |
250,000 |
235,983 |
2.13%,
06/15/30
(a) |
260,000 |
220,057 |
4.63%,
09/15/42
|
200,000 |
182,874 |
4.35%,
05/15/43
|
160,000 |
141,952 |
4.30%,
11/15/46
(a) |
250,000 |
213,009 |
Progressive
Corp. | ||
4.00%,
03/01/29
(a) |
360,000 |
355,503 |
3.20%,
03/26/30
(a) |
275,000 |
254,756 |
3.00%,
03/15/32
(a) |
150,000 |
133,994 |
6.25%,
12/01/32
|
210,000 |
234,393 |
4.35%,
04/25/44
|
150,000 |
134,633 |
3.70%,
01/26/45
|
150,000 |
120,874 |
4.13%,
04/15/47
(a) |
350,000 |
309,203 |
4.20%,
03/15/48
(a) |
125,000 |
111,753 |
3.95%,
03/26/50
(a) |
150,000 |
127,536 |
Prudential
Financial, Inc. | ||
1.50%,
03/10/26
(a) |
200,000 |
186,669 |
3.88%,
03/27/28
(a) |
92,000 |
89,825 |
2.10%,
03/10/30
(a) |
150,000 |
131,498 |
5.75%,
07/15/33
|
100,000 |
109,360 |
5.70%,
12/14/36
|
90,000 |
97,470 |
6.63%,
12/01/37
|
100,000 |
115,445 |
3.00%,
03/10/40
(a) |
230,000 |
179,214 |
4.60%,
05/15/44
|
200,000 |
186,793 |
5.38%,
05/15/45
(a)(b) |
300,000 |
296,874 |
4.50%,
09/15/47
(a)(b) |
300,000 |
280,532 |
3.91%,
12/07/47
(a) |
350,000 |
287,206 |
4.42%,
03/27/48
(a) |
225,000 |
199,077 |
5.70%,
09/15/48
(a)(b) |
300,000 |
292,305 |
3.94%,
12/07/49
(a) |
380,000 |
313,653 |
4.35%,
02/25/50
(a) |
250,000 |
222,558 |
3.70%,
10/01/50
(a)(b) |
250,000 |
217,020 |
3.70%,
03/13/51
(a) |
450,000 |
357,557 |
5.13%,
03/01/52
(a)(b) |
300,000 |
282,112 |
6.00%,
09/01/52
(a)(b) |
300,000 |
299,362 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Prudential
Funding Asia PLC | ||
3.13%,
04/14/30
|
300,000 |
270,200 |
3.63%,
03/24/32
(a) |
150,000 |
135,433 |
Radian
Group, Inc. | ||
6.63%,
03/15/25
(a) |
100,000 |
100,171 |
4.88%,
03/15/27
(a) |
200,000 |
194,939 |
Reinsurance
Group of America, Inc. | ||
3.90%,
05/15/29
(a) |
200,000 |
191,024 |
3.15%,
06/15/30
(a) |
200,000 |
180,019 |
RenaissanceRe
Finance, Inc. | ||
3.70%,
04/01/25
(a) |
100,000 |
97,810 |
3.45%,
07/01/27
(a) |
150,000 |
142,028 |
RenaissanceRe
Holdings Ltd. | ||
3.60%,
04/15/29
(a) |
275,000 |
256,356 |
Selective
Insurance Group, Inc. | ||
5.38%,
03/01/49
(a) |
100,000 |
97,446 |
Stewart
Information Services Corp. | ||
3.60%,
11/15/31
(a) |
150,000 |
117,375 |
Transatlantic
Holdings, Inc. | ||
8.00%,
11/30/39
|
121,000 |
157,627 |
Travelers
Cos., Inc. | ||
6.75%,
06/20/36
|
50,000 |
59,028 |
6.25%,
06/15/37
|
375,000 |
426,194 |
5.35%,
11/01/40
|
200,000 |
209,503 |
4.60%,
08/01/43
|
200,000 |
191,418 |
4.30%,
08/25/45
(a) |
200,000 |
179,952 |
3.75%,
05/15/46
(a) |
200,000 |
166,127 |
4.00%,
05/30/47
(a) |
175,000 |
151,112 |
4.10%,
03/04/49
(a) |
150,000 |
130,949 |
2.55%,
04/27/50
(a) |
225,000 |
149,211 |
3.05%,
06/08/51
(a) |
275,000 |
203,195 |
Travelers
Property Casualty Corp. | ||
6.38%,
03/15/33
|
200,000 |
229,030 |
Trinity
Acquisition PLC | ||
4.40%,
03/15/26
(a) |
110,000 |
108,826 |
UnitedHealth
Group, Inc. | ||
3.75%,
07/15/25
|
650,000 |
641,024 |
5.15%,
10/15/25
|
400,000 |
404,899 |
3.70%,
12/15/25
|
100,000 |
98,434 |
1.25%,
01/15/26
|
225,000 |
210,885 |
3.10%,
03/15/26
|
350,000 |
340,289 |
1.15%,
05/15/26
(a) |
300,000 |
278,110 |
3.45%,
01/15/27
|
250,000 |
244,542 |
2.95%,
10/15/27
|
100,000 |
95,107 |
5.25%,
02/15/28
(a) |
300,000 |
310,468 |
3.85%,
06/15/28
|
450,000 |
441,048 |
3.88%,
12/15/28
|
350,000 |
342,998 |
4.00%,
05/15/29
(a) |
250,000 |
246,406 |
2.88%,
08/15/29
|
300,000 |
278,769 |
5.30%,
02/15/30
(a) |
400,000 |
418,885 |
2.00%,
05/15/30
|
400,000 |
346,002 |
2.30%,
05/15/31
(a) |
400,000 |
346,775 |
4.20%,
05/15/32
(a) |
375,000 |
367,064 |
5.35%,
02/15/33
(a) |
500,000 |
529,029 |
4.50%,
04/15/33
(a) |
400,000 |
397,080 |
4.63%,
07/15/35
|
350,000 |
352,544 |
5.80%,
03/15/36
|
250,000 |
273,763 |
6.50%,
06/15/37
|
175,000 |
206,062 |
6.63%,
11/15/37
|
200,000 |
235,318 |
6.88%,
02/15/38
|
300,000 |
363,113 |
3.50%,
08/15/39
(a) |
350,000 |
298,049 |
2.75%,
05/15/40
(a) |
300,000 |
227,482 |
5.70%,
10/15/40
(a) |
100,000 |
107,863 |
5.95%,
02/15/41
(a) |
150,000 |
165,130 |
3.05%,
05/15/41
(a) |
400,000 |
313,304 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.63%,
11/15/41
(a) |
173,000 |
165,853 |
4.38%,
03/15/42
(a) |
150,000 |
139,269 |
3.95%,
10/15/42
(a) |
175,000 |
153,576 |
4.75%,
07/15/45
|
700,000 |
680,360 |
4.20%,
01/15/47
(a) |
200,000 |
177,994 |
4.25%,
04/15/47
(a) |
250,000 |
223,716 |
3.75%,
10/15/47
(a) |
325,000 |
268,221 |
4.25%,
06/15/48
(a) |
450,000 |
403,329 |
4.45%,
12/15/48
(a) |
350,000 |
320,932 |
3.70%,
08/15/49
(a) |
370,000 |
301,465 |
2.90%,
05/15/50
(a) |
475,000 |
333,686 |
3.25%,
05/15/51
(a) |
650,000 |
493,933 |
4.75%,
05/15/52
(a) |
550,000 |
529,421 |
5.88%,
02/15/53
(a) |
500,000 |
566,481 |
5.05%,
04/15/53
(a) |
500,000 |
506,155 |
3.88%,
08/15/59
(a) |
350,000 |
286,132 |
3.13%,
05/15/60
(a) |
250,000 |
177,955 |
4.95%,
05/15/62
(a) |
275,000 |
270,466 |
6.05%,
02/15/63
(a) |
400,000 |
462,782 |
5.20%,
04/15/63
(a) |
500,000 |
511,622 |
Unum
Group | ||
4.00%,
06/15/29
(a) |
150,000 |
142,469 |
5.75%,
08/15/42
|
150,000 |
146,433 |
4.50%,
12/15/49
(a) |
200,000 |
158,600 |
4.13%,
06/15/51
(a) |
150,000 |
112,608 |
Voya
Financial, Inc. | ||
3.65%,
06/15/26
|
150,000 |
145,144 |
5.70%,
07/15/43
|
125,000 |
124,340 |
4.80%,
06/15/46
|
75,000 |
65,488 |
4.70%,
01/23/48
(a)(b) |
100,000 |
82,726 |
W
R Berkley Corp. | ||
4.75%,
08/01/44
|
100,000 |
89,855 |
4.00%,
05/12/50
(a) |
150,000 |
120,295 |
3.55%,
03/30/52
(a) |
150,000 |
108,972 |
3.15%,
09/30/61
(a) |
100,000 |
63,280 |
Willis
North America, Inc. | ||
4.65%,
06/15/27
(a) |
200,000 |
198,376 |
4.50%,
09/15/28
(a) |
250,000 |
243,835 |
2.95%,
09/15/29
(a) |
200,000 |
179,545 |
5.35%,
05/15/33
(a) |
200,000 |
202,300 |
5.05%,
09/15/48
(a) |
150,000 |
139,898 |
3.88%,
09/15/49
(a) |
150,000 |
116,182 |
XL
Group Ltd. | ||
5.25%,
12/15/43
|
250,000 |
242,402 |
|
|
84,117,535 |
REITs
0.6%
| ||
Agree
LP | ||
2.00%,
06/15/28
(a) |
150,000 |
130,465 |
2.90%,
10/01/30
(a) |
250,000 |
215,890 |
Alexandria
Real Estate Equities, Inc. | ||
3.45%,
04/30/25
(a) |
25,000 |
24,442 |
4.30%,
01/15/26
(a) |
150,000 |
147,707 |
3.80%,
04/15/26
(a) |
115,000 |
112,025 |
3.95%,
01/15/28
(a) |
150,000 |
143,925 |
4.50%,
07/30/29
(a) |
100,000 |
97,447 |
2.75%,
12/15/29
(a) |
270,000 |
238,433 |
4.70%,
07/01/30
(a) |
150,000 |
147,259 |
4.90%,
12/15/30
(a) |
250,000 |
250,763 |
3.38%,
08/15/31
(a) |
230,000 |
207,726 |
2.00%,
05/18/32
(a) |
210,000 |
168,516 |
1.88%,
02/01/33
(a) |
350,000 |
273,217 |
2.95%,
03/15/34
(a) |
300,000 |
250,689 |
4.85%,
04/15/49
(a) |
100,000 |
89,131 |
4.00%,
02/01/50
(a) |
200,000 |
158,480 |
3.00%,
05/18/51
(a) |
200,000 |
133,000 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.55%,
03/15/52
(a) |
250,000 |
182,872 |
5.15%,
04/15/53
(a) |
150,000 |
145,181 |
American
Assets Trust LP | ||
3.38%,
02/01/31
(a) |
150,000 |
122,553 |
American
Homes 4 Rent LP | ||
4.25%,
02/15/28
(a) |
140,000 |
136,027 |
4.90%,
02/15/29
(a) |
100,000 |
99,203 |
2.38%,
07/15/31
(a) |
100,000 |
82,683 |
3.63%,
04/15/32
(a) |
150,000 |
134,676 |
3.38%,
07/15/51
(a) |
125,000 |
86,093 |
4.30%,
04/15/52
(a) |
100,000 |
81,303 |
AvalonBay
Communities, Inc. | ||
3.45%,
06/01/25
(a) |
200,000 |
195,967 |
2.95%,
05/11/26
(a) |
125,000 |
120,018 |
2.90%,
10/15/26
(a) |
100,000 |
95,411 |
3.35%,
05/15/27
(a) |
200,000 |
191,601 |
3.20%,
01/15/28
(a) |
150,000 |
142,543 |
1.90%,
12/01/28
(a) |
150,000 |
132,556 |
3.30%,
06/01/29
(a) |
250,000 |
233,724 |
2.30%,
03/01/30
(a) |
250,000 |
218,396 |
2.45%,
01/15/31
(a) |
200,000 |
172,551 |
2.05%,
01/15/32
(a) |
200,000 |
167,666 |
3.90%,
10/15/46
(a) |
150,000 |
123,037 |
4.35%,
04/15/48
(a) |
100,000 |
85,328 |
Boston
Properties LP | ||
3.20%,
01/15/25
(a) |
375,000 |
364,716 |
3.65%,
02/01/26
(a) |
200,000 |
192,722 |
2.75%,
10/01/26
(a) |
225,000 |
208,960 |
6.75%,
12/01/27
(a) |
100,000 |
104,932 |
4.50%,
12/01/28
(a) |
300,000 |
285,928 |
3.40%,
06/21/29
(a) |
350,000 |
314,897 |
2.90%,
03/15/30
(a) |
200,000 |
171,453 |
3.25%,
01/30/31
(a) |
383,000 |
329,274 |
2.55%,
04/01/32
(a) |
250,000 |
199,454 |
2.45%,
10/01/33
(a) |
475,000 |
362,225 |
Brixmor
Operating Partnership LP | ||
3.85%,
02/01/25
(a) |
250,000 |
244,913 |
4.13%,
06/15/26
(a) |
50,000 |
48,500 |
3.90%,
03/15/27
(a) |
150,000 |
143,144 |
4.13%,
05/15/29
(a) |
250,000 |
238,393 |
4.05%,
07/01/30
(a) |
225,000 |
211,617 |
2.50%,
08/16/31
(a) |
225,000 |
189,200 |
Broadstone
Net Lease LLC | ||
2.60%,
09/15/31
(a) |
150,000 |
116,897 |
Camden
Property Trust | ||
4.10%,
10/15/28
(a) |
150,000 |
146,099 |
3.15%,
07/01/29
(a) |
116,000 |
107,368 |
2.80%,
05/15/30
(a) |
250,000 |
224,663 |
3.35%,
11/01/49
(a) |
100,000 |
75,123 |
Corporate
Office Properties LP | ||
2.25%,
03/15/26
(a) |
150,000 |
140,294 |
2.00%,
01/15/29
(a) |
200,000 |
167,078 |
2.75%,
04/15/31
(a) |
200,000 |
163,488 |
CubeSmart
LP | ||
4.00%,
11/15/25
(a) |
150,000 |
146,492 |
3.13%,
09/01/26
(a) |
200,000 |
190,097 |
4.38%,
02/15/29
(a) |
118,000 |
114,698 |
3.00%,
02/15/30
(a) |
100,000 |
88,945 |
2.00%,
02/15/31
(a) |
250,000 |
204,439 |
Digital
Realty Trust LP | ||
3.70%,
08/15/27
(a) |
370,000 |
357,178 |
5.55%,
01/15/28
(a) |
350,000 |
357,173 |
4.45%,
07/15/28
(a) |
50,000 |
49,014 |
3.60%,
07/01/29
(a) |
225,000 |
211,893 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
EPR
Properties | ||
4.75%,
12/15/26
(a) |
150,000 |
144,057 |
4.50%,
06/01/27
(a) |
150,000 |
141,242 |
4.95%,
04/15/28
(a) |
200,000 |
190,725 |
3.75%,
08/15/29
(a) |
200,000 |
176,445 |
ERP
Operating LP | ||
3.38%,
06/01/25
(a) |
150,000 |
146,870 |
2.85%,
11/01/26
(a) |
150,000 |
142,615 |
3.25%,
08/01/27
(a) |
150,000 |
142,856 |
3.50%,
03/01/28
(a) |
200,000 |
191,518 |
4.15%,
12/01/28
(a) |
70,000 |
68,789 |
3.00%,
07/01/29
(a) |
200,000 |
184,963 |
2.50%,
02/15/30
(a) |
200,000 |
177,305 |
4.50%,
07/01/44
(a) |
200,000 |
178,063 |
4.50%,
06/01/45
(a) |
125,000 |
108,479 |
Essential
Properties LP | ||
2.95%,
07/15/31
(a) |
150,000 |
118,151 |
Essex
Portfolio LP | ||
3.50%,
04/01/25
(a) |
150,000 |
146,952 |
3.38%,
04/15/26
(a) |
30,000 |
28,963 |
3.63%,
05/01/27
(a) |
150,000 |
143,297 |
1.70%,
03/01/28
(a) |
100,000 |
87,799 |
4.00%,
03/01/29
(a) |
250,000 |
238,778 |
3.00%,
01/15/30
(a) |
150,000 |
133,929 |
1.65%,
01/15/31
(a) |
150,000 |
119,477 |
2.65%,
03/15/32
(a) |
250,000 |
209,731 |
4.50%,
03/15/48
(a) |
114,000 |
98,062 |
2.65%,
09/01/50
(a) |
50,000 |
30,404 |
Extra
Space Storage LP | ||
3.50%,
07/01/26
(a) |
100,000 |
96,329 |
3.88%,
12/15/27
(a) |
200,000 |
191,953 |
3.90%,
04/01/29
(a) |
200,000 |
189,946 |
4.00%,
06/15/29
(a) |
150,000 |
143,419 |
5.50%,
07/01/30
(a) |
200,000 |
204,700 |
2.20%,
10/15/30
(a) |
300,000 |
250,066 |
2.55%,
06/01/31
(a) |
150,000 |
124,842 |
2.35%,
03/15/32
(a) |
200,000 |
163,287 |
Federal
Realty OP LP | ||
1.25%,
02/15/26
(a) |
150,000 |
138,488 |
3.25%,
07/15/27
(a) |
200,000 |
187,453 |
5.38%,
05/01/28
(a) |
100,000 |
101,079 |
3.20%,
06/15/29
(a) |
100,000 |
91,006 |
4.50%,
12/01/44
(a) |
200,000 |
167,596 |
Healthcare
Realty Holdings LP | ||
3.50%,
08/01/26
(a) |
200,000 |
191,127 |
3.75%,
07/01/27
(a) |
175,000 |
165,891 |
3.10%,
02/15/30
(a) |
250,000 |
219,223 |
Healthpeak
OP LLC | ||
3.40%,
02/01/25
(a) |
150,000 |
146,580 |
4.00%,
06/01/25
(a) |
150,000 |
147,223 |
3.25%,
07/15/26
(a) |
250,000 |
240,462 |
3.50%,
07/15/29
(a) |
250,000 |
233,545 |
3.00%,
01/15/30
(a) |
300,000 |
267,847 |
5.25%,
12/15/32
(a) |
200,000 |
202,694 |
6.75%,
02/01/41
(a) |
150,000 |
168,180 |
Highwoods
Realty LP | ||
3.88%,
03/01/27
(a) |
25,000 |
23,239 |
4.13%,
03/15/28
(a) |
200,000 |
184,756 |
4.20%,
04/15/29
(a) |
100,000 |
90,981 |
2.60%,
02/01/31
(a) |
150,000 |
117,428 |
7.65%,
02/01/34
(a) |
100,000 |
108,279 |
Host
Hotels & Resorts LP | ||
4.00%,
06/15/25
(a) |
100,000 |
97,856 |
4.50%,
02/01/26
(a) |
150,000 |
147,404 |
3.38%,
12/15/29
(a) |
200,000 |
180,197 |
3.50%,
09/15/30
(a) |
275,000 |
246,257 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Hudson
Pacific Properties LP | ||
3.95%,
11/01/27
(a) |
150,000 |
126,528 |
5.95%,
02/15/28
(a) |
100,000 |
89,680 |
4.65%,
04/01/29
(a) |
150,000 |
123,141 |
3.25%,
01/15/30
(a) |
185,000 |
139,098 |
Invitation
Homes Operating Partnership LP | ||
2.30%,
11/15/28
(a) |
150,000 |
133,798 |
5.45%,
08/15/30
(a) |
150,000 |
151,365 |
2.00%,
08/15/31
(a) |
200,000 |
159,394 |
4.15%,
04/15/32
(a) |
200,000 |
184,490 |
2.70%,
01/15/34
(a) |
150,000 |
120,486 |
Kilroy
Realty LP | ||
4.38%,
10/01/25
(a) |
150,000 |
146,189 |
4.75%,
12/15/28
(a) |
150,000 |
143,004 |
4.25%,
08/15/29
(a) |
175,000 |
161,651 |
3.05%,
02/15/30
(a) |
200,000 |
170,346 |
2.50%,
11/15/32
(a) |
150,000 |
114,086 |
Kimco
Realty OP LLC | ||
2.80%,
10/01/26
(a) |
450,000 |
424,564 |
1.90%,
03/01/28
(a) |
250,000 |
220,683 |
2.70%,
10/01/30
(a) |
300,000 |
260,548 |
6.40%,
03/01/34
(a) |
150,000 |
164,856 |
4.25%,
04/01/45
(a) |
150,000 |
122,125 |
4.13%,
12/01/46
(a) |
100,000 |
78,713 |
4.45%,
09/01/47
(a) |
200,000 |
166,890 |
3.70%,
10/01/49
(a) |
150,000 |
112,822 |
Kite
Realty Group LP | ||
4.00%,
10/01/26
(a) |
100,000 |
94,751 |
Kite
Realty Group Trust | ||
4.00%,
03/15/25
(a) |
100,000 |
97,550 |
4.75%,
09/15/30
(a) |
180,000 |
169,953 |
LXP
Industrial Trust | ||
2.70%,
09/15/30
(a) |
250,000 |
208,351 |
Mid-America
Apartments LP | ||
4.00%,
11/15/25
(a) |
150,000 |
147,404 |
3.60%,
06/01/27
(a) |
80,000 |
77,326 |
4.20%,
06/15/28
(a) |
200,000 |
196,053 |
3.95%,
03/15/29
(a) |
50,000 |
48,680 |
2.75%,
03/15/30
(a) |
100,000 |
87,822 |
1.70%,
02/15/31
(a) |
370,000 |
301,680 |
2.88%,
09/15/51
(a) |
150,000 |
99,340 |
National
Health Investors, Inc. | ||
3.00%,
02/01/31
(a) |
150,000 |
120,923 |
NNN
REIT, Inc. | ||
3.60%,
12/15/26
(a) |
150,000 |
143,563 |
3.50%,
10/15/27
(a) |
125,000 |
118,161 |
4.30%,
10/15/28
(a) |
150,000 |
145,521 |
2.50%,
04/15/30
(a) |
100,000 |
86,417 |
4.80%,
10/15/48
(a) |
85,000 |
75,154 |
3.10%,
04/15/50
(a) |
150,000 |
100,066 |
3.50%,
04/15/51
(a) |
100,000 |
73,452 |
3.00%,
04/15/52
(a) |
125,000 |
81,981 |
Omega
Healthcare Investors, Inc. | ||
4.50%,
01/15/25
(a) |
50,000 |
49,260 |
5.25%,
01/15/26
(a) |
100,000 |
99,542 |
4.50%,
04/01/27
(a) |
300,000 |
288,472 |
4.75%,
01/15/28
(a) |
143,000 |
138,266 |
3.63%,
10/01/29
(a) |
150,000 |
133,168 |
3.38%,
02/01/31
(a) |
200,000 |
169,933 |
3.25%,
04/15/33
(a) |
250,000 |
201,855 |
Phillips
Edison Grocery Center Operating Partnership I LP | ||
2.63%,
11/15/31
(a) |
100,000 |
82,106 |
Physicians
Realty LP | ||
4.30%,
03/15/27
(a) |
300,000 |
292,437 |
2.63%,
11/01/31
(a) |
100,000 |
82,848 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Piedmont
Operating Partnership LP | ||
3.15%,
08/15/30
(a) |
250,000 |
190,275 |
2.75%,
04/01/32
(a) |
100,000 |
69,728 |
Prologis
LP | ||
3.25%,
06/30/26
(a) |
50,000 |
48,386 |
3.25%,
10/01/26
(a) |
150,000 |
144,890 |
4.88%,
06/15/28
(a) |
435,000 |
441,091 |
4.38%,
02/01/29
(a) |
25,000 |
24,735 |
2.88%,
11/15/29
(a) |
150,000 |
136,924 |
2.25%,
04/15/30
(a) |
350,000 |
306,701 |
1.75%,
07/01/30
(a) |
250,000 |
210,631 |
1.25%,
10/15/30
(a) |
250,000 |
202,489 |
1.63%,
03/15/31
(a) |
200,000 |
162,354 |
2.25%,
01/15/32
(a) |
150,000 |
126,134 |
4.63%,
01/15/33
(a) |
100,000 |
100,700 |
4.75%,
06/15/33
(a) |
200,000 |
202,968 |
5.13%,
01/15/34
(a) |
200,000 |
206,503 |
4.38%,
09/15/48
(a) |
50,000 |
44,519 |
3.05%,
03/01/50
(a) |
200,000 |
143,686 |
3.00%,
04/15/50
(a) |
325,000 |
233,701 |
2.13%,
10/15/50
(a) |
250,000 |
148,583 |
5.25%,
06/15/53
(a) |
250,000 |
261,141 |
Public
Storage Operating Co. | ||
0.88%,
02/15/26
(a) |
200,000 |
185,178 |
1.50%,
11/09/26
(a) |
150,000 |
137,960 |
3.09%,
09/15/27
(a) |
250,000 |
238,363 |
5.13%,
01/15/29
(a) |
200,000 |
206,719 |
3.39%,
05/01/29
(a) |
340,000 |
325,164 |
2.30%,
05/01/31
(a) |
275,000 |
238,177 |
2.25%,
11/09/31
(a) |
200,000 |
171,130 |
5.35%,
08/01/53
(a) |
150,000 |
157,326 |
Realty
Income Corp. | ||
4.63%,
11/01/25
(a) |
250,000 |
248,618 |
0.75%,
03/15/26
(a) |
150,000 |
136,819 |
4.88%,
06/01/26
(a) |
100,000 |
100,133 |
4.13%,
10/15/26
(a) |
250,000 |
245,711 |
3.00%,
01/15/27
(a) |
300,000 |
285,011 |
3.95%,
08/15/27
(a) |
400,000 |
389,467 |
3.40%,
01/15/28
(a) |
150,000 |
142,815 |
3.65%,
01/15/28
(a) |
200,000 |
192,264 |
2.20%,
06/15/28
(a) |
250,000 |
224,437 |
3.10%,
12/15/29
(a) |
200,000 |
183,731 |
3.25%,
01/15/31
(a) |
400,000 |
364,273 |
5.63%,
10/13/32
(a) |
250,000 |
263,735 |
2.85%,
12/15/32
(a) |
200,000 |
170,840 |
4.65%,
03/15/47
(a) |
200,000 |
187,078 |
Regency
Centers LP | ||
3.60%,
02/01/27
(a) |
160,000 |
154,043 |
4.13%,
03/15/28
(a) |
225,000 |
216,324 |
2.95%,
09/15/29
(a) |
150,000 |
134,559 |
3.70%,
06/15/30
(a) |
50,000 |
46,609 |
4.40%,
02/01/47
(a) |
150,000 |
125,110 |
4.65%,
03/15/49
(a) |
50,000 |
42,957 |
Retail
Opportunity Investments Partnership LP | ||
6.75%,
10/15/28
(a) |
100,000 |
105,198 |
Rexford
Industrial Realty LP | ||
2.15%,
09/01/31
(a) |
250,000 |
200,901 |
Sabra
Health Care LP | ||
5.13%,
08/15/26
(a) |
175,000 |
172,373 |
3.90%,
10/15/29
(a) |
75,000 |
68,034 |
3.20%,
12/01/31
(a) |
250,000 |
205,216 |
Safehold
GL Holdings LLC | ||
2.80%,
06/15/31
(a) |
150,000 |
124,244 |
2.85%,
01/15/32
(a) |
80,000 |
65,723 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Simon
Property Group LP | ||
3.50%,
09/01/25
(a) |
400,000 |
391,234 |
3.30%,
01/15/26
(a) |
300,000 |
291,187 |
3.25%,
11/30/26
(a) |
200,000 |
192,399 |
1.38%,
01/15/27
(a) |
150,000 |
137,095 |
3.38%,
06/15/27
(a) |
250,000 |
239,948 |
3.38%,
12/01/27
(a) |
125,000 |
119,475 |
1.75%,
02/01/28
(a) |
300,000 |
270,000 |
2.45%,
09/13/29
(a) |
400,000 |
356,577 |
2.65%,
07/15/30
(a) |
100,000 |
88,703 |
2.20%,
02/01/31
(a) |
200,000 |
167,872 |
2.25%,
01/15/32
(a) |
100,000 |
83,216 |
2.65%,
02/01/32
(a) |
250,000 |
213,995 |
5.50%,
03/08/33
(a) |
150,000 |
155,613 |
6.25%,
01/15/34
(a) |
150,000 |
163,601 |
6.75%,
02/01/40
(a) |
220,000 |
249,870 |
4.75%,
03/15/42
(a) |
150,000 |
137,539 |
4.25%,
10/01/44
(a) |
100,000 |
84,091 |
4.25%,
11/30/46
(a) |
100,000 |
84,255 |
3.25%,
09/13/49
(a) |
400,000 |
290,711 |
3.80%,
07/15/50
(a) |
275,000 |
217,990 |
5.85%,
03/08/53
(a) |
150,000 |
159,647 |
SITE
Centers Corp. | ||
3.63%,
02/01/25
(a) |
150,000 |
146,083 |
4.25%,
02/01/26
(a) |
100,000 |
97,585 |
4.70%,
06/01/27
(a) |
154,000 |
151,826 |
Spirit
Realty LP | ||
4.45%,
09/15/26
(a) |
60,000 |
58,881 |
3.20%,
01/15/27
(a) |
200,000 |
189,175 |
3.40%,
01/15/30
(a) |
250,000 |
228,099 |
3.20%,
02/15/31
(a) |
250,000 |
221,145 |
STORE
Capital Corp. | ||
4.50%,
03/15/28
(a) |
125,000 |
116,171 |
4.63%,
03/15/29
(a) |
100,000 |
92,022 |
2.75%,
11/18/30
(a) |
125,000 |
98,568 |
2.70%,
12/01/31
(a) |
100,000 |
76,505 |
Sun
Communities Operating LP | ||
2.30%,
11/01/28
(a) |
150,000 |
131,906 |
2.70%,
07/15/31
(a) |
300,000 |
250,536 |
5.70%,
01/15/33
(a) |
125,000 |
127,331 |
Tanger
Properties LP | ||
3.13%,
09/01/26
(a) |
100,000 |
93,864 |
3.88%,
07/15/27
(a) |
150,000 |
137,742 |
2.75%,
09/01/31
(a) |
75,000 |
60,465 |
UDR,
Inc. | ||
2.95%,
09/01/26
(a) |
100,000 |
94,983 |
3.50%,
01/15/28
(a) |
145,000 |
136,794 |
4.40%,
01/26/29
(a) |
300,000 |
290,447 |
3.00%,
08/15/31
(a) |
400,000 |
354,329 |
2.10%,
08/01/32
(a) |
100,000 |
78,755 |
Ventas
Realty LP | ||
2.65%,
01/15/25
(a) |
150,000 |
145,428 |
3.50%,
02/01/25
(a) |
200,000 |
195,615 |
4.13%,
01/15/26
(a) |
150,000 |
146,549 |
3.25%,
10/15/26
(a) |
100,000 |
94,784 |
3.85%,
04/01/27
(a) |
100,000 |
96,200 |
4.00%,
03/01/28
(a) |
200,000 |
191,265 |
4.40%,
01/15/29
(a) |
250,000 |
243,389 |
4.75%,
11/15/30
(a) |
200,000 |
195,093 |
5.70%,
09/30/43
(a) |
100,000 |
96,695 |
4.38%,
02/01/45
(a) |
100,000 |
81,367 |
4.88%,
04/15/49
(a) |
150,000 |
131,438 |
Welltower
OP LLC | ||
4.00%,
06/01/25
(a) |
350,000 |
343,851 |
4.25%,
04/01/26
(a) |
400,000 |
394,271 |
2.70%,
02/15/27
(a) |
100,000 |
93,995 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.25%,
04/15/28
(a) |
200,000 |
196,443 |
4.13%,
03/15/29
(a) |
400,000 |
386,252 |
3.10%,
01/15/30
(a) |
150,000 |
135,561 |
2.75%,
01/15/31
(a) |
315,000 |
274,368 |
6.50%,
03/15/41
(a) |
250,000 |
276,091 |
4.95%,
09/01/48
(a) |
150,000 |
142,545 |
WP
Carey, Inc. | ||
4.00%,
02/01/25
(a) |
150,000 |
147,853 |
3.85%,
07/15/29
(a) |
200,000 |
187,911 |
2.40%,
02/01/31
(a) |
200,000 |
169,318 |
2.45%,
02/01/32
(a) |
100,000 |
81,456 |
2.25%,
04/01/33
(a) |
150,000 |
117,425 |
|
|
50,070,838 |
|
|
614,876,945 |
| ||
Industrial
14.3% | ||
Basic
Industry 0.7%
| ||
Air
Products & Chemicals, Inc. | ||
1.50%,
10/15/25
(a) |
250,000 |
236,755 |
1.85%,
05/15/27
(a) |
300,000 |
276,568 |
2.05%,
05/15/30
(a) |
125,000 |
109,336 |
2.70%,
05/15/40
(a) |
300,000 |
229,411 |
2.80%,
05/15/50
(a) |
300,000 |
215,282 |
Albemarle
Corp. | ||
4.65%,
06/01/27
(a)(c) |
200,000 |
196,757 |
5.05%,
06/01/32
(a) |
200,000 |
195,393 |
5.45%,
12/01/44
(a) |
335,000 |
314,678 |
AngloGold
Ashanti Holdings PLC | ||
3.38%,
11/01/28
(a) |
100,000 |
90,270 |
3.75%,
10/01/30
(a) |
400,000 |
348,511 |
ArcelorMittal
SA | ||
4.55%,
03/11/26
|
150,000 |
147,918 |
6.55%,
11/29/27
(a) |
350,000 |
367,534 |
4.25%,
07/16/29
(c) |
150,000 |
146,444 |
6.80%,
11/29/32
(a) |
300,000 |
324,820 |
7.00%,
10/15/39
|
200,000 |
216,804 |
6.75%,
03/01/41
(e)(g) |
100,000 |
106,151 |
Barrick
North America Finance LLC | ||
5.70%,
05/30/41
|
250,000 |
263,867 |
5.75%,
05/01/43
|
200,000 |
214,493 |
Barrick
PD Australia Finance Pty. Ltd. | ||
5.95%,
10/15/39
|
400,000 |
429,012 |
BHP
Billiton Finance USA Ltd. | ||
4.88%,
02/27/26
|
200,000 |
201,144 |
6.42%,
03/01/26
|
100,000 |
103,473 |
5.25%,
09/08/26
|
250,000 |
255,729 |
4.75%,
02/28/28
(a) |
250,000 |
252,694 |
5.10%,
09/08/28
(a) |
250,000 |
257,264 |
5.25%,
09/08/30
(a) |
250,000 |
259,172 |
4.90%,
02/28/33
(a) |
200,000 |
204,735 |
5.25%,
09/08/33
(a) |
400,000 |
415,523 |
4.13%,
02/24/42
|
275,000 |
249,982 |
5.00%,
09/30/43
|
700,000 |
707,957 |
5.50%,
09/08/53
(a) |
200,000 |
218,729 |
Cabot
Corp. | ||
4.00%,
07/01/29
(a) |
150,000 |
142,919 |
Celanese
U.S. Holdings LLC | ||
6.05%,
03/15/25
|
500,000 |
502,976 |
1.40%,
08/05/26
(a) |
250,000 |
228,004 |
6.17%,
07/15/27
(a) |
500,000 |
513,043 |
6.35%,
11/15/28
(a) |
250,000 |
262,303 |
6.33%,
07/15/29
(a) |
200,000 |
210,032 |
6.38%,
07/15/32
(a) |
300,000 |
317,761 |
6.70%,
11/15/33
(a) |
100,000 |
108,785 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Celulosa
Arauco y Constitucion SA | ||
3.88%,
11/02/27
(a) |
250,000 |
233,482 |
5.50%,
11/02/47
(a) |
50,000 |
43,152 |
CF
Industries, Inc. | ||
5.15%,
03/15/34
|
300,000 |
297,662 |
4.95%,
06/01/43
|
100,000 |
91,876 |
5.38%,
03/15/44
|
250,000 |
239,848 |
Dow
Chemical Co. | ||
4.80%,
11/30/28
(a) |
50,000 |
50,539 |
7.38%,
11/01/29
|
450,000 |
508,708 |
2.10%,
11/15/30
(a) |
250,000 |
214,164 |
6.30%,
03/15/33
(a) |
175,000 |
193,279 |
4.25%,
10/01/34
(a) |
200,000 |
191,805 |
5.25%,
11/15/41
(a) |
400,000 |
394,091 |
4.38%,
11/15/42
(a) |
450,000 |
397,623 |
4.63%,
10/01/44
(a) |
150,000 |
137,917 |
5.55%,
11/30/48
(a) |
250,000 |
256,155 |
4.80%,
05/15/49
(a) |
200,000 |
184,353 |
3.60%,
11/15/50
(a) |
350,000 |
270,854 |
6.90%,
05/15/53
(a) |
300,000 |
362,554 |
DuPont
de Nemours, Inc. | ||
4.49%,
11/15/25
(a) |
400,000 |
397,738 |
4.73%,
11/15/28
(a) |
750,000 |
762,513 |
5.32%,
11/15/38
(a) |
450,000 |
462,825 |
5.42%,
11/15/48
(a) |
605,000 |
631,970 |
Eastman
Chemical Co. | ||
3.80%,
03/15/25
(a) |
250,000 |
245,916 |
4.50%,
12/01/28
(a) |
100,000 |
97,980 |
4.80%,
09/01/42
(a) |
300,000 |
273,089 |
4.65%,
10/15/44
(a) |
270,000 |
238,149 |
Ecolab,
Inc. | ||
2.70%,
11/01/26
(a) |
300,000 |
287,484 |
3.25%,
12/01/27
(a) |
350,000 |
336,617 |
4.80%,
03/24/30
(a) |
50,000 |
51,431 |
1.30%,
01/30/31
(a) |
310,000 |
253,650 |
2.13%,
02/01/32
(a) |
305,000 |
260,351 |
2.13%,
08/15/50
(a) |
250,000 |
154,629 |
2.70%,
12/15/51
(a) |
350,000 |
239,298 |
2.75%,
08/18/55
(a) |
264,000 |
178,805 |
EIDP,
Inc. | ||
1.70%,
07/15/25
(a) |
250,000 |
237,376 |
2.30%,
07/15/30
(a) |
150,000 |
131,768 |
4.80%,
05/15/33
(a) |
200,000 |
202,734 |
FMC
Corp. | ||
5.15%,
05/18/26
(a) |
200,000 |
199,991 |
3.20%,
10/01/26
(a) |
150,000 |
142,131 |
3.45%,
10/01/29
(a) |
200,000 |
182,824 |
4.50%,
10/01/49
(a) |
165,000 |
130,151 |
6.38%,
05/18/53
(a) |
110,000 |
112,846 |
Freeport-McMoRan,
Inc. | ||
5.00%,
09/01/27
(a) |
150,000 |
148,652 |
4.13%,
03/01/28
(a) |
250,000 |
240,174 |
4.38%,
08/01/28
(a) |
150,000 |
144,514 |
5.25%,
09/01/29
(a) |
150,000 |
152,128 |
4.25%,
03/01/30
(a) |
200,000 |
188,014 |
4.63%,
08/01/30
(a) |
210,000 |
205,398 |
5.40%,
11/14/34
(a) |
200,000 |
201,753 |
5.45%,
03/15/43
(a) |
250,000 |
242,651 |
Georgia-Pacific
LLC | ||
7.75%,
11/15/29
|
200,000 |
231,369 |
Huntsman
International LLC | ||
4.50%,
05/01/29
(a) |
200,000 |
193,332 |
2.95%,
06/15/31
(a) |
125,000 |
106,605 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
International
Flavors & Fragrances, Inc. | ||
4.45%,
09/26/28
(a) |
150,000 |
146,388 |
4.38%,
06/01/47
(a) |
140,000 |
108,075 |
5.00%,
09/26/48
(a) |
250,000 |
213,683 |
International
Paper Co. | ||
5.00%,
09/15/35
(a) |
150,000 |
150,289 |
7.30%,
11/15/39
|
100,000 |
120,539 |
6.00%,
11/15/41
(a) |
225,000 |
239,079 |
4.80%,
06/15/44
(a) |
135,000 |
124,656 |
5.15%,
05/15/46
(a) |
100,000 |
96,515 |
4.40%,
08/15/47
(a) |
250,000 |
217,296 |
4.35%,
08/15/48
(a) |
200,000 |
180,364 |
Kinross
Gold Corp. | ||
4.50%,
07/15/27
(a) |
150,000 |
146,883 |
Linde,
Inc. | ||
2.65%,
02/05/25
(a) |
150,000 |
146,407 |
3.20%,
01/30/26
(a) |
250,000 |
243,155 |
1.10%,
08/10/30
(a) |
200,000 |
166,070 |
3.55%,
11/07/42
(a) |
150,000 |
124,977 |
2.00%,
08/10/50
(a) |
100,000 |
59,223 |
Lubrizol
Corp. | ||
6.50%,
10/01/34
|
246,000 |
289,064 |
LYB
International Finance BV | ||
5.25%,
07/15/43
|
200,000 |
192,065 |
4.88%,
03/15/44
(a) |
250,000 |
231,491 |
LYB
International Finance II BV | ||
3.50%,
03/02/27
(a) |
200,000 |
193,059 |
LYB
International Finance III LLC | ||
1.25%,
10/01/25
(a) |
135,000 |
126,191 |
2.25%,
10/01/30
(a) |
100,000 |
85,840 |
5.63%,
05/15/33
(a) |
200,000 |
209,350 |
3.38%,
10/01/40
(a) |
200,000 |
153,812 |
4.20%,
10/15/49
(a) |
150,000 |
119,788 |
4.20%,
05/01/50
(a) |
300,000 |
239,902 |
3.63%,
04/01/51
(a) |
300,000 |
218,999 |
3.80%,
10/01/60
(a) |
250,000 |
178,372 |
LyondellBasell
Industries NV | ||
4.63%,
02/26/55
(a) |
300,000 |
261,281 |
Mosaic
Co. | ||
4.05%,
11/15/27
(a) |
250,000 |
244,037 |
5.45%,
11/15/33
(a) |
150,000 |
153,170 |
4.88%,
11/15/41
(a) |
100,000 |
89,790 |
5.63%,
11/15/43
(a) |
150,000 |
148,341 |
NewMarket
Corp. | ||
2.70%,
03/18/31
(a) |
150,000 |
126,429 |
Newmont
Corp. | ||
2.80%,
10/01/29
(a) |
250,000 |
228,764 |
2.25%,
10/01/30
(a) |
350,000 |
302,847 |
2.60%,
07/15/32
(a) |
75,000 |
64,213 |
5.88%,
04/01/35
|
250,000 |
269,517 |
6.25%,
10/01/39
|
325,000 |
361,548 |
4.88%,
03/15/42
(a) |
300,000 |
292,496 |
5.45%,
06/09/44
(a) |
100,000 |
101,887 |
Nucor
Corp. | ||
2.00%,
06/01/25
(a) |
250,000 |
240,354 |
3.95%,
05/01/28
(a) |
200,000 |
195,366 |
2.70%,
06/01/30
(a) |
250,000 |
226,676 |
3.13%,
04/01/32
(a) |
200,000 |
180,238 |
6.40%,
12/01/37
|
100,000 |
113,947 |
3.85%,
04/01/52
(a) |
100,000 |
83,487 |
2.98%,
12/15/55
(a) |
400,000 |
272,704 |
Nutrien
Ltd. | ||
3.00%,
04/01/25
(a) |
100,000 |
97,209 |
5.95%,
11/07/25
|
150,000 |
152,828 |
4.00%,
12/15/26
(a) |
350,000 |
342,712 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.20%,
04/01/29
(a) |
250,000 |
246,167 |
4.13%,
03/15/35
(a) |
250,000 |
231,813 |
5.88%,
12/01/36
|
125,000 |
130,802 |
5.63%,
12/01/40
|
50,000 |
50,368 |
6.13%,
01/15/41
(a) |
300,000 |
319,286 |
4.90%,
06/01/43
(a) |
200,000 |
187,658 |
5.25%,
01/15/45
(a) |
155,000 |
150,736 |
5.00%,
04/01/49
(a) |
125,000 |
119,193 |
3.95%,
05/13/50
(a) |
275,000 |
225,722 |
Packaging
Corp. of America | ||
3.40%,
12/15/27
(a) |
200,000 |
190,887 |
4.05%,
12/15/49
(a) |
150,000 |
123,974 |
3.05%,
10/01/51
(a) |
200,000 |
140,024 |
PPG
Industries, Inc. | ||
3.75%,
03/15/28
(a) |
300,000 |
289,318 |
2.80%,
08/15/29
(a) |
175,000 |
159,331 |
2.55%,
06/15/30
(a) |
100,000 |
87,205 |
Rayonier
LP | ||
2.75%,
05/17/31
(a) |
225,000 |
188,455 |
Reliance
Steel & Aluminum Co. | ||
1.30%,
08/15/25
(a) |
75,000 |
70,237 |
2.15%,
08/15/30
(a) |
200,000 |
169,895 |
Rio
Tinto Alcan, Inc. | ||
7.25%,
03/15/31
|
281,000 |
321,768 |
6.13%,
12/15/33
|
200,000 |
219,376 |
5.75%,
06/01/35
|
50,000 |
53,151 |
Rio
Tinto Finance USA Ltd. | ||
7.13%,
07/15/28
|
250,000 |
275,836 |
5.20%,
11/02/40
|
350,000 |
361,200 |
2.75%,
11/02/51
(a) |
300,000 |
205,781 |
Rio
Tinto Finance USA PLC | ||
4.75%,
03/22/42
(a) |
200,000 |
194,324 |
4.13%,
08/21/42
(a) |
150,000 |
135,921 |
5.13%,
03/09/53
(a) |
300,000 |
312,338 |
RPM
International, Inc. | ||
3.75%,
03/15/27
(a) |
250,000 |
240,655 |
4.25%,
01/15/48
(a) |
250,000 |
207,772 |
Sherwin-Williams
Co. | ||
3.45%,
08/01/25
(a) |
150,000 |
146,142 |
3.95%,
01/15/26
(a) |
100,000 |
98,407 |
3.45%,
06/01/27
(a) |
450,000 |
434,930 |
2.95%,
08/15/29
(a) |
200,000 |
185,375 |
2.30%,
05/15/30
(a) |
200,000 |
174,470 |
2.20%,
03/15/32
(a) |
100,000 |
83,323 |
4.55%,
08/01/45
(a) |
250,000 |
224,194 |
4.50%,
06/01/47
(a) |
400,000 |
366,454 |
3.80%,
08/15/49
(a) |
200,000 |
161,312 |
3.30%,
05/15/50
(a) |
200,000 |
147,347 |
Southern
Copper Corp. | ||
3.88%,
04/23/25
|
100,000 |
98,063 |
7.50%,
07/27/35
|
350,000 |
406,697 |
6.75%,
04/16/40
|
200,000 |
223,976 |
5.25%,
11/08/42
|
375,000 |
362,156 |
5.88%,
04/23/45
|
495,000 |
504,451 |
Steel
Dynamics, Inc. | ||
2.40%,
06/15/25
(a) |
150,000 |
143,761 |
5.00%,
12/15/26
(a) |
125,000 |
125,655 |
1.65%,
10/15/27
(a) |
100,000 |
89,180 |
3.45%,
04/15/30
(a) |
200,000 |
184,770 |
3.25%,
01/15/31
(a) |
150,000 |
136,198 |
3.25%,
10/15/50
(a) |
150,000 |
104,529 |
Suzano
Austria GmbH | ||
6.00%,
01/15/29
(a) |
600,000 |
613,422 |
5.00%,
01/15/30
(a) |
300,000 |
289,775 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.75%,
01/15/31
(a) |
325,000 |
285,866 |
3.13%,
01/15/32
(a) |
330,000 |
273,623 |
Suzano
International Finance BV | ||
4.00%,
01/14/25
|
100,000 |
97,985 |
5.50%,
01/17/27
|
200,000 |
202,492 |
Teck
Resources Ltd. | ||
3.90%,
07/15/30
(a) |
325,000 |
302,786 |
6.13%,
10/01/35
|
150,000 |
157,321 |
6.00%,
08/15/40
(a) |
240,000 |
245,128 |
5.40%,
02/01/43
(a) |
100,000 |
95,779 |
Vale
Overseas Ltd. | ||
6.25%,
08/10/26
|
150,000 |
153,913 |
3.75%,
07/08/30
(a) |
700,000 |
643,458 |
6.13%,
06/12/33
(a) |
400,000 |
414,692 |
6.88%,
11/21/36
|
533,000 |
580,727 |
6.88%,
11/10/39
|
350,000 |
381,494 |
Westlake
Corp. | ||
3.60%,
08/15/26
(a) |
185,000 |
178,856 |
3.38%,
06/15/30
(a) |
100,000 |
90,722 |
2.88%,
08/15/41
(a) |
75,000 |
53,167 |
5.00%,
08/15/46
(a) |
150,000 |
137,640 |
4.38%,
11/15/47
(a) |
130,000 |
109,039 |
3.13%,
08/15/51
(a) |
200,000 |
132,931 |
3.38%,
08/15/61
(a) |
160,000 |
103,630 |
WestRock
MWV LLC | ||
8.20%,
01/15/30
|
190,000 |
219,173 |
Weyerhaeuser
Co. | ||
6.95%,
10/01/27
|
200,000 |
214,642 |
4.00%,
11/15/29
(a) |
375,000 |
359,076 |
4.00%,
04/15/30
(a) |
100,000 |
95,508 |
7.38%,
03/15/32
|
285,000 |
331,588 |
3.38%,
03/09/33
(a) |
160,000 |
142,306 |
WRKCo,
Inc. | ||
3.75%,
03/15/25
(a) |
200,000 |
196,262 |
4.65%,
03/15/26
(a) |
250,000 |
248,443 |
3.90%,
06/01/28
(a) |
250,000 |
238,851 |
4.90%,
03/15/29
(a) |
300,000 |
301,720 |
4.20%,
06/01/32
(a) |
300,000 |
288,078 |
3.00%,
06/15/33
(a) |
250,000 |
215,841 |
Yamana
Gold, Inc. | ||
2.63%,
08/15/31
(a)(d) |
165,000 |
139,736 |
|
|
49,994,773 |
Capital
Goods 1.3%
| ||
3M
Co. | ||
2.00%,
02/14/25
(a) |
200,000 |
192,691 |
2.65%,
04/15/25
(a) |
150,000 |
145,436 |
3.00%,
08/07/25
(c) |
200,000 |
194,028 |
2.25%,
09/19/26
(a)(c) |
175,000 |
163,938 |
2.88%,
10/15/27
(a)(c) |
300,000 |
282,617 |
3.38%,
03/01/29
(a) |
300,000 |
281,164 |
2.38%,
08/26/29
(a) |
300,000 |
265,711 |
3.05%,
04/15/30
(a) |
200,000 |
180,711 |
3.13%,
09/19/46
(a)(c) |
200,000 |
146,630 |
3.63%,
10/15/47
(a) |
250,000 |
191,614 |
4.00%,
09/14/48
(a)(c) |
400,000 |
343,013 |
3.25%,
08/26/49
(a)(c) |
350,000 |
254,895 |
3.70%,
04/15/50
(a) |
260,000 |
206,513 |
ABB
Finance USA, Inc. | ||
3.80%,
04/03/28
(a) |
200,000 |
196,579 |
4.38%,
05/08/42
|
150,000 |
138,532 |
Acuity
Brands Lighting, Inc. | ||
2.15%,
12/15/30
(a) |
200,000 |
166,334 |
Allegion
PLC | ||
3.50%,
10/01/29
(a) |
110,000 |
101,894 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Allegion
U.S. Holding Co., Inc. | ||
5.41%,
07/01/32
(a) |
200,000 |
205,981 |
Amcor
Finance USA, Inc. | ||
3.63%,
04/28/26
(a) |
80,000 |
77,373 |
4.50%,
05/15/28
(a) |
150,000 |
146,631 |
5.63%,
05/26/33
(a) |
250,000 |
260,388 |
Amcor
Flexibles North America, Inc. | ||
4.00%,
05/17/25
(a) |
100,000 |
98,368 |
2.63%,
06/19/30
(a) |
250,000 |
216,919 |
2.69%,
05/25/31
(a) |
250,000 |
216,365 |
Amphenol
Corp. | ||
2.05%,
03/01/25
(a) |
100,000 |
96,620 |
4.35%,
06/01/29
(a) |
100,000 |
99,689 |
2.80%,
02/15/30
(a) |
300,000 |
273,524 |
2.20%,
09/15/31
(a) |
250,000 |
210,599 |
Avery
Dennison Corp. | ||
4.88%,
12/06/28
(a) |
225,000 |
228,023 |
2.65%,
04/30/30
(a) |
200,000 |
177,148 |
5.75%,
03/15/33
(a) |
100,000 |
105,946 |
Berry
Global, Inc. | ||
1.57%,
01/15/26
(a) |
500,000 |
465,061 |
1.65%,
01/15/27
(a) |
200,000 |
180,529 |
Boeing
Co. | ||
4.88%,
05/01/25
(a) |
1,075,000 |
1,070,552 |
2.60%,
10/30/25
(a) |
100,000 |
95,646 |
2.75%,
02/01/26
(a) |
200,000 |
191,500 |
2.20%,
02/04/26
(a) |
1,525,000 |
1,441,451 |
3.10%,
05/01/26
(a) |
200,000 |
192,436 |
2.25%,
06/15/26
(a) |
125,000 |
117,234 |
2.70%,
02/01/27
(a) |
300,000 |
283,155 |
2.80%,
03/01/27
(a) |
150,000 |
141,555 |
5.04%,
05/01/27
(a) |
550,000 |
555,183 |
3.25%,
02/01/28
(a) |
200,000 |
189,863 |
3.25%,
03/01/28
(a) |
200,000 |
188,137 |
3.45%,
11/01/28
(a) |
150,000 |
141,499 |
3.20%,
03/01/29
(a) |
300,000 |
280,963 |
2.95%,
02/01/30
(a) |
200,000 |
180,722 |
5.15%,
05/01/30
(a) |
1,150,000 |
1,171,326 |
3.63%,
02/01/31
(a) |
450,000 |
418,407 |
6.13%,
02/15/33
|
135,000 |
145,825 |
3.60%,
05/01/34
(a) |
250,000 |
221,515 |
3.25%,
02/01/35
(a) |
250,000 |
211,335 |
6.63%,
02/15/38
|
175,000 |
195,490 |
3.55%,
03/01/38
(a) |
130,000 |
106,066 |
3.50%,
03/01/39
(a) |
150,000 |
119,602 |
6.88%,
03/15/39
|
100,000 |
114,509 |
5.88%,
02/15/40
|
300,000 |
312,205 |
5.71%,
05/01/40
(a) |
850,000 |
881,227 |
3.63%,
03/01/48
(a) |
125,000 |
92,791 |
3.85%,
11/01/48
(a) |
100,000 |
77,755 |
3.90%,
05/01/49
(a) |
200,000 |
158,708 |
3.75%,
02/01/50
(a) |
350,000 |
272,946 |
5.81%,
05/01/50
(a) |
1,500,000 |
1,556,851 |
3.83%,
03/01/59
(a) |
100,000 |
74,351 |
3.95%,
08/01/59
(a) |
300,000 |
230,769 |
5.93%,
05/01/60
(a) |
950,000 |
987,302 |
Carlisle
Cos., Inc. | ||
2.75%,
03/01/30
(a) |
250,000 |
222,111 |
Carrier
Global Corp. | ||
2.24%,
02/15/25
(a) |
450,000 |
435,528 |
5.80%,
11/30/25
(d) |
300,000 |
304,220 |
2.49%,
02/15/27
(a) |
89,000 |
83,775 |
2.72%,
02/15/30
(a) |
600,000 |
537,386 |
2.70%,
02/15/31
(a)(d) |
250,000 |
218,503 |
5.90%,
03/15/34
(a)(d) |
250,000 |
270,677 |
3.38%,
04/05/40
(a) |
510,000 |
410,988 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.58%,
04/05/50
(a)(d) |
500,000 |
391,836 |
6.20%,
03/15/54
(a)(d) |
150,000 |
173,919 |
Caterpillar
Financial Services Corp. | ||
4.90%,
01/17/25
|
200,000 |
200,206 |
3.40%,
05/13/25
|
400,000 |
393,367 |
1.45%,
05/15/25
|
300,000 |
286,956 |
5.15%,
08/11/25
|
300,000 |
302,347 |
3.65%,
08/12/25
|
250,000 |
246,082 |
0.80%,
11/13/25
|
500,000 |
467,153 |
4.80%,
01/06/26
|
150,000 |
151,064 |
0.90%,
03/02/26
|
400,000 |
370,904 |
4.35%,
05/15/26
|
150,000 |
149,756 |
1.70%,
01/08/27
|
400,000 |
370,044 |
1.10%,
09/14/27
|
485,000 |
433,751 |
Caterpillar,
Inc. | ||
2.60%,
04/09/30
(a) |
250,000 |
227,626 |
6.05%,
08/15/36
|
250,000 |
282,268 |
5.20%,
05/27/41
|
225,000 |
238,078 |
3.80%,
08/15/42
|
525,000 |
461,836 |
4.30%,
05/15/44
(a) |
175,000 |
167,129 |
3.25%,
09/19/49
(a) |
335,000 |
265,468 |
3.25%,
04/09/50
(a) |
400,000 |
317,762 |
4.75%,
05/15/64
(a) |
150,000 |
145,722 |
CNH
Industrial Capital LLC | ||
3.95%,
05/23/25
|
150,000 |
147,476 |
1.88%,
01/15/26
(a) |
200,000 |
187,748 |
1.45%,
07/15/26
(a) |
150,000 |
137,838 |
4.55%,
04/10/28
(a) |
200,000 |
197,465 |
CNH
Industrial NV | ||
3.85%,
11/15/27
(a) |
250,000 |
242,241 |
Deere
& Co. | ||
2.75%,
04/15/25
(a) |
200,000 |
195,135 |
5.38%,
10/16/29
|
250,000 |
264,554 |
3.10%,
04/15/30
(a) |
350,000 |
324,937 |
7.13%,
03/03/31
|
150,000 |
175,421 |
3.90%,
06/09/42
(a) |
250,000 |
225,518 |
2.88%,
09/07/49
(a) |
200,000 |
150,074 |
3.75%,
04/15/50
(a)(c) |
300,000 |
263,146 |
Dover
Corp. | ||
2.95%,
11/04/29
(a) |
150,000 |
136,027 |
5.38%,
10/15/35
|
100,000 |
104,441 |
5.38%,
03/01/41
(a) |
100,000 |
100,964 |
Eagle
Materials, Inc. | ||
2.50%,
07/01/31
(a) |
250,000 |
212,433 |
Eaton
Corp. | ||
3.10%,
09/15/27
(a) |
200,000 |
191,610 |
4.00%,
11/02/32
|
300,000 |
290,902 |
4.15%,
03/15/33
(a) |
300,000 |
293,903 |
4.15%,
11/02/42
|
300,000 |
276,133 |
3.92%,
09/15/47
(a) |
100,000 |
87,402 |
4.70%,
08/23/52
(a) |
200,000 |
197,187 |
Emerson
Electric Co. | ||
0.88%,
10/15/26
(a) |
400,000 |
363,124 |
1.80%,
10/15/27
(a) |
250,000 |
228,422 |
1.95%,
10/15/30
(a) |
250,000 |
215,638 |
2.20%,
12/21/31
(a) |
300,000 |
257,002 |
5.25%,
11/15/39
|
100,000 |
104,760 |
2.75%,
10/15/50
(a) |
150,000 |
103,066 |
2.80%,
12/21/51
(a) |
300,000 |
207,225 |
Flowserve
Corp. | ||
3.50%,
10/01/30
(a) |
200,000 |
177,931 |
2.80%,
01/15/32
(a) |
100,000 |
82,979 |
Fortive
Corp. | ||
3.15%,
06/15/26
(a) |
250,000 |
240,284 |
4.30%,
06/15/46
(a) |
200,000 |
170,717 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Fortune
Brands Innovations, Inc. | ||
4.00%,
06/15/25
(a) |
150,000 |
147,836 |
3.25%,
09/15/29
(a) |
350,000 |
323,853 |
4.00%,
03/25/32
(a) |
100,000 |
93,392 |
5.88%,
06/01/33
(a) |
175,000 |
183,295 |
GE
Capital Funding LLC | ||
4.55%,
05/15/32
(a) |
200,000 |
196,320 |
GE
Capital International Funding Co. Unlimited Co. | ||
4.42%,
11/15/35
|
300,000 |
291,439 |
General
Dynamics Corp. | ||
3.25%,
04/01/25
(a) |
250,000 |
245,185 |
3.50%,
05/15/25
(a) |
150,000 |
147,475 |
1.15%,
06/01/26
(a) |
125,000 |
115,746 |
2.13%,
08/15/26
(a) |
150,000 |
141,633 |
3.50%,
04/01/27
(a) |
250,000 |
243,640 |
2.63%,
11/15/27
(a) |
150,000 |
140,760 |
3.75%,
05/15/28
(a) |
300,000 |
294,883 |
3.63%,
04/01/30
(a) |
300,000 |
288,559 |
2.25%,
06/01/31
(a) |
200,000 |
174,230 |
4.25%,
04/01/40
(a) |
250,000 |
234,028 |
3.60%,
11/15/42
(a) |
150,000 |
126,677 |
4.25%,
04/01/50
(a) |
185,000 |
172,058 |
General
Electric Co. | ||
6.75%,
03/15/32
|
600,000 |
684,080 |
5.88%,
01/14/38
|
200,000 |
220,458 |
6.88%,
01/10/39
|
100,000 |
121,659 |
4.35%,
05/01/50
(a) |
225,000 |
204,317 |
HEICO
Corp. | ||
5.25%,
08/01/28
(a) |
150,000 |
153,341 |
5.35%,
08/01/33
(a) |
150,000 |
153,863 |
Hexcel
Corp. | ||
4.95%,
08/15/25
(a) |
125,000 |
124,129 |
4.20%,
02/15/27
(a) |
150,000 |
144,603 |
Honeywell
International, Inc. | ||
1.35%,
06/01/25
(a) |
400,000 |
382,157 |
2.50%,
11/01/26
(a) |
450,000 |
428,770 |
1.10%,
03/01/27
(a) |
275,000 |
249,741 |
4.95%,
02/15/28
(a) |
150,000 |
154,619 |
4.25%,
01/15/29
(a) |
250,000 |
250,703 |
2.70%,
08/15/29
(a) |
250,000 |
231,356 |
1.95%,
06/01/30
(a) |
300,000 |
260,786 |
1.75%,
09/01/31
(a) |
450,000 |
375,885 |
5.00%,
02/15/33
(a) |
450,000 |
471,503 |
5.70%,
03/15/36
|
200,000 |
219,721 |
5.70%,
03/15/37
|
200,000 |
219,431 |
3.81%,
11/21/47
(a) |
150,000 |
129,122 |
2.80%,
06/01/50
(a) |
250,000 |
191,217 |
Howmet
Aerospace, Inc. | ||
3.00%,
01/15/29
(a) |
500,000 |
457,008 |
5.95%,
02/01/37
|
250,000 |
261,759 |
Hubbell,
Inc. | ||
3.35%,
03/01/26
(a) |
50,000 |
48,458 |
3.15%,
08/15/27
(a) |
100,000 |
94,818 |
3.50%,
02/15/28
(a) |
150,000 |
143,945 |
2.30%,
03/15/31
(a) |
150,000 |
126,346 |
Huntington
Ingalls Industries, Inc. | ||
3.84%,
05/01/25
(a) |
100,000 |
97,995 |
3.48%,
12/01/27
(a) |
190,000 |
179,981 |
2.04%,
08/16/28
(a) |
100,000 |
88,202 |
4.20%,
05/01/30
(a) |
250,000 |
238,036 |
IDEX
Corp. | ||
3.00%,
05/01/30
(a) |
300,000 |
267,815 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Illinois
Tool Works, Inc. | ||
2.65%,
11/15/26
(a) |
300,000 |
286,685 |
4.88%,
09/15/41
(a) |
150,000 |
151,872 |
3.90%,
09/01/42
(a) |
350,000 |
313,831 |
Ingersoll
Rand, Inc. | ||
5.40%,
08/14/28
(a) |
150,000 |
154,649 |
5.70%,
08/14/33
(a) |
250,000 |
264,823 |
John
Deere Capital Corp. | ||
2.05%,
01/09/25
|
250,000 |
243,201 |
1.25%,
01/10/25
|
300,000 |
289,460 |
5.15%,
03/03/25
|
150,000 |
150,910 |
2.13%,
03/07/25
|
250,000 |
242,364 |
3.45%,
03/13/25
|
75,000 |
73,878 |
3.40%,
06/06/25
|
735,000 |
723,312 |
4.05%,
09/08/25
|
225,000 |
223,064 |
3.40%,
09/11/25
|
200,000 |
196,093 |
4.80%,
01/09/26
|
350,000 |
352,089 |
0.70%,
01/15/26
|
200,000 |
185,554 |
2.65%,
06/10/26
|
200,000 |
191,533 |
1.05%,
06/17/26
|
350,000 |
322,549 |
2.25%,
09/14/26
|
400,000 |
378,289 |
1.75%,
03/09/27
|
150,000 |
138,201 |
2.80%,
09/08/27
|
350,000 |
331,992 |
4.15%,
09/15/27
|
250,000 |
248,532 |
3.05%,
01/06/28
|
300,000 |
285,935 |
4.75%,
01/20/28
|
325,000 |
330,694 |
1.50%,
03/06/28
|
110,000 |
98,306 |
3.45%,
03/07/29
|
400,000 |
383,992 |
2.80%,
07/18/29
|
400,000 |
371,107 |
2.45%,
01/09/30
|
300,000 |
270,830 |
4.70%,
06/10/30
|
400,000 |
406,659 |
2.00%,
06/17/31
|
200,000 |
169,936 |
3.90%,
06/07/32
|
215,000 |
207,635 |
Johnson
Controls International PLC | ||
3.90%,
02/14/26
(a) |
283,000 |
276,706 |
6.00%,
01/15/36
|
292,000 |
313,123 |
4.63%,
07/02/44
(a) |
200,000 |
180,672 |
5.13%,
09/14/45
(a) |
104,000 |
100,132 |
4.50%,
02/15/47
(a) |
50,000 |
44,801 |
Johnson
Controls International PLC/Tyco Fire & Security Finance
SCA | ||
1.75%,
09/15/30
(a) |
150,000 |
124,754 |
Kennametal,
Inc. | ||
4.63%,
06/15/28
(a) |
200,000 |
195,380 |
2.80%,
03/01/31
(a) |
50,000 |
42,212 |
L3Harris
Technologies, Inc. | ||
3.83%,
04/27/25
(a) |
200,000 |
196,592 |
3.85%,
12/15/26
(a) |
150,000 |
147,146 |
5.40%,
01/15/27
|
250,000 |
255,420 |
4.40%,
06/15/28
(a) |
495,000 |
489,314 |
2.90%,
12/15/29
(a) |
150,000 |
135,870 |
1.80%,
01/15/31
(a) |
200,000 |
164,855 |
5.40%,
07/31/33
(a) |
450,000 |
468,689 |
4.85%,
04/27/35
(a) |
100,000 |
99,071 |
6.15%,
12/15/40
|
75,000 |
82,285 |
5.05%,
04/27/45
(a) |
150,000 |
148,505 |
5.60%,
07/31/53
(a) |
150,000 |
160,352 |
Lafarge
SA | ||
7.13%,
07/15/36
|
150,000 |
172,585 |
Leggett
& Platt, Inc. | ||
3.50%,
11/15/27
(a) |
225,000 |
212,722 |
4.40%,
03/15/29
(a) |
176,000 |
171,027 |
3.50%,
11/15/51
(a) |
160,000 |
115,668 |
Legrand
France SA | ||
8.50%,
02/15/25
|
250,000 |
260,073 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Lennox
International, Inc. | ||
1.35%,
08/01/25
(a) |
100,000 |
94,205 |
1.70%,
08/01/27
(a) |
130,000 |
116,904 |
Lockheed
Martin Corp. | ||
3.55%,
01/15/26
(a) |
225,000 |
221,208 |
5.10%,
11/15/27
(a) |
200,000 |
206,609 |
1.85%,
06/15/30
(a) |
150,000 |
129,013 |
3.90%,
06/15/32
(a) |
300,000 |
289,790 |
5.25%,
01/15/33
(a) |
250,000 |
265,486 |
4.75%,
02/15/34
(a) |
300,000 |
305,532 |
3.60%,
03/01/35
(a) |
150,000 |
137,478 |
4.50%,
05/15/36
(a) |
125,000 |
123,961 |
6.15%,
09/01/36
|
200,000 |
226,913 |
5.72%,
06/01/40
|
150,000 |
163,946 |
4.07%,
12/15/42
|
625,000 |
565,415 |
3.80%,
03/01/45
(a) |
350,000 |
301,870 |
4.70%,
05/15/46
(a) |
425,000 |
416,968 |
2.80%,
06/15/50
(a) |
380,000 |
271,980 |
4.09%,
09/15/52
(a) |
400,000 |
355,850 |
4.15%,
06/15/53
(a) |
300,000 |
269,046 |
5.70%,
11/15/54
(a) |
250,000 |
282,659 |
4.30%,
06/15/62
(a) |
210,000 |
189,071 |
5.90%,
11/15/63
(a) |
200,000 |
234,397 |
Martin
Marietta Materials, Inc. | ||
3.45%,
06/01/27
(a) |
25,000 |
23,955 |
3.50%,
12/15/27
(a) |
200,000 |
191,952 |
2.50%,
03/15/30
(a) |
200,000 |
176,581 |
2.40%,
07/15/31
(a) |
300,000 |
255,867 |
4.25%,
12/15/47
(a) |
250,000 |
220,684 |
3.20%,
07/15/51
(a) |
225,000 |
167,501 |
Masco
Corp. | ||
1.50%,
02/15/28
(a) |
150,000 |
131,544 |
2.00%,
10/01/30
(a) |
375,000 |
310,142 |
4.50%,
05/15/47
(a) |
225,000 |
194,288 |
Mohawk
Industries, Inc. | ||
3.63%,
05/15/30
(a) |
175,000 |
162,223 |
Nordson
Corp. | ||
5.80%,
09/15/33
(a) |
150,000 |
159,557 |
Northrop
Grumman Corp. | ||
2.93%,
01/15/25
(a) |
450,000 |
439,934 |
3.20%,
02/01/27
(a) |
300,000 |
288,896 |
3.25%,
01/15/28
(a) |
450,000 |
430,702 |
4.40%,
05/01/30
(a) |
200,000 |
198,956 |
4.70%,
03/15/33
(a) |
250,000 |
252,505 |
5.15%,
05/01/40
(a) |
100,000 |
101,657 |
5.05%,
11/15/40
|
100,000 |
100,019 |
4.75%,
06/01/43
|
250,000 |
239,747 |
3.85%,
04/15/45
(a) |
200,000 |
168,110 |
4.03%,
10/15/47
(a) |
650,000 |
558,790 |
5.25%,
05/01/50
(a) |
300,000 |
309,497 |
4.95%,
03/15/53
(a) |
250,000 |
248,055 |
nVent
Finance SARL | ||
4.55%,
04/15/28
(a) |
150,000 |
146,006 |
2.75%,
11/15/31
(a) |
100,000 |
82,358 |
5.65%,
05/15/33
(a) |
150,000 |
152,741 |
Oshkosh
Corp. | ||
4.60%,
05/15/28
(a) |
100,000 |
98,695 |
3.10%,
03/01/30
(a) |
100,000 |
90,128 |
Otis
Worldwide Corp. | ||
2.06%,
04/05/25
(a) |
300,000 |
288,711 |
2.29%,
04/05/27
(a) |
200,000 |
186,623 |
5.25%,
08/16/28
(a) |
200,000 |
205,967 |
2.57%,
02/15/30
(a) |
450,000 |
400,794 |
3.11%,
02/15/40
(a) |
200,000 |
160,469 |
3.36%,
02/15/50
(a) |
200,000 |
155,253 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Owens
Corning | ||
3.40%,
08/15/26
(a) |
100,000 |
96,488 |
3.95%,
08/15/29
(a) |
150,000 |
143,160 |
3.88%,
06/01/30
(a) |
100,000 |
94,113 |
7.00%,
12/01/36
|
145,000 |
166,846 |
4.30%,
07/15/47
(a) |
100,000 |
88,265 |
4.40%,
01/30/48
(a) |
150,000 |
130,980 |
Parker-Hannifin
Corp. | ||
3.25%,
03/01/27
(a) |
100,000 |
96,057 |
4.25%,
09/15/27
(a) |
350,000 |
347,048 |
3.25%,
06/14/29
(a) |
495,000 |
466,361 |
4.20%,
11/21/34
(a) |
200,000 |
192,102 |
6.25%,
05/15/38
|
150,000 |
167,143 |
4.45%,
11/21/44
(a) |
150,000 |
136,713 |
4.10%,
03/01/47
(a) |
150,000 |
130,349 |
4.00%,
06/14/49
(a) |
275,000 |
240,267 |
Pentair
Finance SARL | ||
4.50%,
07/01/29
(a) |
280,000 |
270,237 |
Precision
Castparts Corp. | ||
3.25%,
06/15/25
(a) |
173,000 |
169,502 |
3.90%,
01/15/43
(a) |
175,000 |
152,546 |
4.38%,
06/15/45
(a) |
139,000 |
126,450 |
Regal
Rexnord Corp. | ||
6.05%,
02/15/26
(d) |
325,000 |
328,637 |
6.05%,
04/15/28
(a)(d) |
350,000 |
354,856 |
6.30%,
02/15/30
(a)(d) |
375,000 |
386,325 |
6.40%,
04/15/33
(a)(d) |
400,000 |
418,376 |
Republic
Services, Inc. | ||
0.88%,
11/15/25
(a) |
200,000 |
185,439 |
2.90%,
07/01/26
(a) |
200,000 |
192,293 |
3.38%,
11/15/27
(a) |
300,000 |
288,492 |
3.95%,
05/15/28
(a) |
75,000 |
73,634 |
4.88%,
04/01/29
(a) |
150,000 |
153,030 |
2.30%,
03/01/30
(a) |
200,000 |
176,411 |
1.45%,
02/15/31
(a) |
275,000 |
223,803 |
1.75%,
02/15/32
(a) |
250,000 |
203,940 |
5.00%,
12/15/33
(a) |
150,000 |
153,252 |
5.00%,
04/01/34
(a) |
250,000 |
256,188 |
6.20%,
03/01/40
|
100,000 |
112,322 |
5.70%,
05/15/41
(a) |
75,000 |
81,015 |
3.05%,
03/01/50
(a) |
150,000 |
110,886 |
Rockwell
Automation, Inc. | ||
2.88%,
03/01/25
(a) |
100,000 |
97,810 |
3.50%,
03/01/29
(a) |
150,000 |
145,525 |
1.75%,
08/15/31
(a) |
150,000 |
124,063 |
4.20%,
03/01/49
(a) |
100,000 |
90,144 |
2.80%,
08/15/61
(a) |
150,000 |
97,664 |
RTX
Corp. | ||
3.95%,
08/16/25
(a) |
400,000 |
394,365 |
5.00%,
02/27/26
(a) |
250,000 |
251,169 |
2.65%,
11/01/26
(a) |
200,000 |
189,509 |
5.75%,
11/08/26
(a) |
500,000 |
513,609 |
3.50%,
03/15/27
(a) |
200,000 |
192,897 |
3.13%,
05/04/27
(a) |
350,000 |
333,205 |
7.20%,
08/15/27
|
50,000 |
54,101 |
4.13%,
11/16/28
(a) |
875,000 |
855,114 |
7.50%,
09/15/29
|
150,000 |
169,555 |
2.25%,
07/01/30
(a) |
250,000 |
216,124 |
6.00%,
03/15/31
(a) |
250,000 |
266,470 |
1.90%,
09/01/31
(a) |
350,000 |
285,056 |
5.15%,
02/27/33
(a) |
350,000 |
357,009 |
6.10%,
03/15/34
(a) |
500,000 |
542,999 |
5.40%,
05/01/35
|
250,000 |
258,584 |
6.05%,
06/01/36
|
100,000 |
108,560 |
6.13%,
07/15/38
|
300,000 |
327,796 |
4.45%,
11/16/38
(a) |
300,000 |
276,665 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.70%,
04/15/40
|
100,000 |
104,462 |
4.88%,
10/15/40
(d) |
150,000 |
143,503 |
4.70%,
12/15/41
|
150,000 |
139,095 |
4.50%,
06/01/42
|
1,000,000 |
911,510 |
4.80%,
12/15/43
(a) |
100,000 |
93,237 |
4.15%,
05/15/45
(a) |
130,000 |
111,132 |
3.75%,
11/01/46
(a) |
375,000 |
298,596 |
4.35%,
04/15/47
(a) |
250,000 |
218,886 |
4.05%,
05/04/47
(a) |
185,000 |
154,632 |
4.63%,
11/16/48
(a) |
450,000 |
412,405 |
3.13%,
07/01/50
(a) |
400,000 |
283,213 |
2.82%,
09/01/51
(a) |
350,000 |
231,464 |
3.03%,
03/15/52
(a) |
360,000 |
249,328 |
5.38%,
02/27/53
(a) |
200,000 |
203,830 |
6.40%,
03/15/54
(a) |
500,000 |
579,613 |
Snap-on,
Inc. | ||
3.25%,
03/01/27
(a) |
75,000 |
72,520 |
4.10%,
03/01/48
(a) |
140,000 |
124,754 |
3.10%,
05/01/50
(a) |
225,000 |
172,776 |
Sonoco
Products Co. | ||
1.80%,
02/01/25
(a) |
125,000 |
120,324 |
3.13%,
05/01/30
(a) |
200,000 |
181,093 |
2.85%,
02/01/32
(a) |
100,000 |
85,463 |
5.75%,
11/01/40
(a) |
230,000 |
235,987 |
Stanley
Black & Decker, Inc. | ||
2.30%,
02/24/25
(a) |
150,000 |
145,009 |
3.40%,
03/01/26
(a) |
150,000 |
145,180 |
6.00%,
03/06/28
(a) |
125,000 |
131,621 |
4.25%,
11/15/28
(a) |
150,000 |
147,109 |
2.30%,
03/15/30
(a) |
250,000 |
212,837 |
3.00%,
05/15/32
(a)(c) |
125,000 |
108,276 |
5.20%,
09/01/40
|
134,000 |
130,865 |
4.85%,
11/15/48
(a) |
175,000 |
158,778 |
2.75%,
11/15/50
(a) |
235,000 |
145,020 |
4.00%,
03/15/60
(a)(b) |
215,000 |
179,916 |
Teledyne
Technologies, Inc. | ||
1.60%,
04/01/26
(a) |
150,000 |
139,228 |
2.25%,
04/01/28
(a) |
200,000 |
181,354 |
2.75%,
04/01/31
(a) |
300,000 |
261,567 |
Textron,
Inc. | ||
3.88%,
03/01/25
(a) |
100,000 |
98,422 |
4.00%,
03/15/26
(a) |
135,000 |
132,389 |
3.65%,
03/15/27
(a) |
150,000 |
144,166 |
3.38%,
03/01/28
(a) |
100,000 |
94,619 |
3.90%,
09/17/29
(a) |
185,000 |
176,414 |
2.45%,
03/15/31
(a) |
150,000 |
127,851 |
Timken
Co. | ||
4.50%,
12/15/28
(a) |
150,000 |
146,034 |
Trane
Technologies Financing Ltd. | ||
3.80%,
03/21/29
(a) |
200,000 |
193,976 |
5.25%,
03/03/33
(a) |
200,000 |
207,436 |
4.65%,
11/01/44
(a) |
100,000 |
93,142 |
Trane
Technologies Global Holding Co. Ltd. | ||
3.75%,
08/21/28
(a) |
300,000 |
293,030 |
5.75%,
06/15/43
|
150,000 |
161,584 |
4.30%,
02/21/48
(a) |
150,000 |
135,217 |
Valmont
Industries, Inc. | ||
5.00%,
10/01/44
(a) |
180,000 |
162,782 |
5.25%,
10/01/54
(a) |
100,000 |
90,422 |
Veralto
Corp. | ||
5.50%,
09/18/26
(a)(d) |
200,000 |
203,364 |
5.35%,
09/18/28
(a)(d) |
200,000 |
205,073 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Vontier
Corp. | ||
1.80%,
04/01/26
(a) |
150,000 |
138,026 |
2.40%,
04/01/28
(a) |
190,000 |
168,111 |
2.95%,
04/01/31
(a) |
225,000 |
189,555 |
Vulcan
Materials Co. | ||
4.50%,
04/01/25
(a) |
50,000 |
49,462 |
5.80%,
03/01/26
(a) |
58,000 |
58,057 |
3.90%,
04/01/27
(a) |
150,000 |
145,247 |
3.50%,
06/01/30
(a) |
250,000 |
232,889 |
4.50%,
06/15/47
(a) |
200,000 |
181,215 |
4.70%,
03/01/48
(a) |
150,000 |
140,714 |
Waste
Connections, Inc. | ||
4.25%,
12/01/28
(a) |
200,000 |
199,111 |
3.50%,
05/01/29
(a) |
184,000 |
176,230 |
2.60%,
02/01/30
(a) |
200,000 |
179,839 |
2.20%,
01/15/32
(a) |
250,000 |
208,971 |
3.20%,
06/01/32
(a) |
100,000 |
89,949 |
3.05%,
04/01/50
(a) |
225,000 |
163,250 |
2.95%,
01/15/52
(a) |
300,000 |
212,172 |
Waste
Management, Inc. | ||
0.75%,
11/15/25
(a) |
300,000 |
278,934 |
3.15%,
11/15/27
(a) |
300,000 |
287,627 |
1.15%,
03/15/28
(a) |
250,000 |
220,217 |
2.00%,
06/01/29
(a) |
140,000 |
124,766 |
4.63%,
02/15/30
(a) |
250,000 |
253,091 |
1.50%,
03/15/31
(a) |
200,000 |
163,564 |
4.15%,
04/15/32
(a) |
200,000 |
195,528 |
4.63%,
02/15/33
(a) |
150,000 |
150,653 |
4.88%,
02/15/34
(a) |
350,000 |
357,474 |
4.10%,
03/01/45
(a) |
150,000 |
135,647 |
4.15%,
07/15/49
(a) |
250,000 |
226,084 |
2.50%,
11/15/50
(a) |
250,000 |
166,790 |
Westinghouse
Air Brake Technologies Corp. | ||
3.20%,
06/15/25
(a) |
200,000 |
193,665 |
3.45%,
11/15/26
(a) |
200,000 |
191,396 |
4.70%,
09/15/28
(a)(g) |
350,000 |
346,446 |
WW
Grainger, Inc. | ||
1.85%,
02/15/25
(a) |
300,000 |
289,786 |
4.60%,
06/15/45
(a) |
150,000 |
144,898 |
4.20%,
05/15/47
(a) |
225,000 |
203,004 |
Xylem,
Inc. | ||
3.25%,
11/01/26
(a) |
160,000 |
154,320 |
1.95%,
01/30/28
(a) |
100,000 |
90,605 |
2.25%,
01/30/31
(a) |
150,000 |
128,677 |
4.38%,
11/01/46
(a) |
145,000 |
126,344 |
|
|
99,864,812 |
Communications
2.1%
| ||
America
Movil SAB de CV | ||
3.63%,
04/22/29
(a) |
300,000 |
283,902 |
2.88%,
05/07/30
(a) |
425,000 |
379,041 |
6.38%,
03/01/35
|
350,000 |
391,192 |
6.13%,
11/15/37
|
100,000 |
109,210 |
6.13%,
03/30/40
|
625,000 |
681,900 |
4.38%,
07/16/42
|
300,000 |
271,219 |
4.38%,
04/22/49
(a) |
350,000 |
311,609 |
American
Tower Corp. | ||
2.95%,
01/15/25
(a) |
280,000 |
273,253 |
2.40%,
03/15/25
(a) |
150,000 |
145,169 |
4.00%,
06/01/25
(a) |
100,000 |
98,408 |
4.40%,
02/15/26
(a) |
300,000 |
296,540 |
1.60%,
04/15/26
(a) |
360,000 |
333,136 |
1.45%,
09/15/26
(a) |
15,000 |
13,685 |
3.38%,
10/15/26
(a) |
425,000 |
407,797 |
2.75%,
01/15/27
(a) |
65,000 |
60,977 |
3.13%,
01/15/27
(a) |
150,000 |
142,028 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.65%,
03/15/27
(a) |
225,000 |
216,690 |
3.55%,
07/15/27
(a) |
250,000 |
240,171 |
3.60%,
01/15/28
(a) |
300,000 |
286,256 |
1.50%,
01/31/28
(a) |
250,000 |
218,712 |
5.80%,
11/15/28
(a) |
205,000 |
213,565 |
3.95%,
03/15/29
(a) |
600,000 |
573,902 |
3.80%,
08/15/29
(a) |
395,000 |
375,118 |
2.90%,
01/15/30
(a) |
185,000 |
165,422 |
1.88%,
10/15/30
(a) |
400,000 |
328,319 |
2.70%,
04/15/31
(a) |
200,000 |
172,158 |
2.30%,
09/15/31
(a) |
200,000 |
165,770 |
4.05%,
03/15/32
(a) |
250,000 |
234,645 |
5.65%,
03/15/33
(a) |
200,000 |
208,089 |
5.55%,
07/15/33
(a) |
350,000 |
363,075 |
3.70%,
10/15/49
(a) |
250,000 |
190,061 |
3.10%,
06/15/50
(a) |
325,000 |
222,523 |
2.95%,
01/15/51
(a) |
275,000 |
183,621 |
AT&T,
Inc. | ||
3.88%,
01/15/26
(a) |
125,000 |
122,591 |
5.54%,
02/20/26
(a) |
525,000 |
525,566 |
1.70%,
03/25/26
(a) |
850,000 |
795,358 |
2.95%,
07/15/26
(a) |
100,000 |
95,531 |
3.80%,
02/15/27
(a) |
250,000 |
244,071 |
4.25%,
03/01/27
(a) |
420,000 |
415,563 |
2.30%,
06/01/27
(a) |
700,000 |
650,171 |
1.65%,
02/01/28
(a) |
800,000 |
712,782 |
4.10%,
02/15/28
(a) |
350,000 |
342,422 |
4.35%,
03/01/29
(a) |
950,000 |
938,350 |
4.30%,
02/15/30
(a) |
800,000 |
783,410 |
2.75%,
06/01/31
(a) |
900,000 |
789,206 |
2.25%,
02/01/32
(a) |
800,000 |
662,150 |
2.55%,
12/01/33
(a) |
1,241,000 |
1,013,388 |
5.40%,
02/15/34
(a) |
765,000 |
789,604 |
4.50%,
05/15/35
(a) |
710,000 |
673,968 |
5.25%,
03/01/37
(a) |
300,000 |
301,645 |
4.90%,
08/15/37
(a) |
239,000 |
231,581 |
6.30%,
01/15/38
|
175,000 |
192,594 |
4.85%,
03/01/39
(a) |
300,000 |
287,062 |
5.35%,
09/01/40
|
250,000 |
247,314 |
3.50%,
06/01/41
(a) |
700,000 |
556,605 |
5.55%,
08/15/41
|
175,000 |
178,131 |
4.30%,
12/15/42
(a) |
450,000 |
392,013 |
3.10%,
02/01/43
(a)(c) |
300,000 |
226,654 |
4.65%,
06/01/44
(a) |
155,000 |
138,250 |
4.80%,
06/15/44
(a) |
50,000 |
45,892 |
4.35%,
06/15/45
(a) |
350,000 |
303,097 |
4.75%,
05/15/46
(a) |
550,000 |
499,199 |
5.15%,
11/15/46
(a) |
300,000 |
289,365 |
5.65%,
02/15/47
(a) |
250,000 |
260,625 |
5.45%,
03/01/47
(a) |
128,000 |
127,954 |
4.50%,
03/09/48
(a) |
500,000 |
438,265 |
4.55%,
03/09/49
(a) |
309,000 |
271,170 |
5.15%,
02/15/50
(a) |
200,000 |
193,006 |
3.65%,
06/01/51
(a) |
875,000 |
660,713 |
3.30%,
02/01/52
(a) |
275,000 |
196,817 |
3.50%,
09/15/53
(a) |
2,115,000 |
1,538,650 |
3.55%,
09/15/55
(a) |
2,105,000 |
1,517,719 |
3.80%,
12/01/57
(a) |
1,700,000 |
1,265,882 |
3.65%,
09/15/59
(a) |
1,820,000 |
1,307,135 |
3.85%,
06/01/60
(a) |
400,000 |
298,899 |
3.50%,
02/01/61
(a) |
100,000 |
70,055 |
Bell
Telephone Co. of Canada or Bell Canada | ||
5.10%,
05/11/33
(a) |
300,000 |
307,787 |
4.46%,
04/01/48
(a) |
500,000 |
450,506 |
4.30%,
07/29/49
(a) |
50,000 |
43,051 |
3.20%,
02/15/52
(a) |
300,000 |
212,815 |
3.65%,
08/15/52
(a) |
250,000 |
193,785 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
British
Telecommunications PLC | ||
5.13%,
12/04/28
(a) |
625,000 |
635,181 |
9.63%,
12/15/30
(g) |
400,000 |
495,661 |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
4.91%,
07/23/25
(a) |
1,265,000 |
1,253,523 |
6.15%,
11/10/26
(a) |
485,000 |
496,205 |
3.75%,
02/15/28
(a) |
265,000 |
250,699 |
4.20%,
03/15/28
(a) |
400,000 |
384,810 |
2.25%,
01/15/29
(a) |
200,000 |
173,852 |
5.05%,
03/30/29
(a) |
375,000 |
371,601 |
2.80%,
04/01/31
(a) |
500,000 |
422,536 |
2.30%,
02/01/32
(a) |
300,000 |
239,026 |
4.40%,
04/01/33
(a) |
150,000 |
138,971 |
6.65%,
02/01/34
(a) |
50,000 |
52,848 |
6.38%,
10/23/35
(a) |
600,000 |
610,185 |
5.38%,
04/01/38
(a) |
250,000 |
226,736 |
3.50%,
06/01/41
(a) |
300,000 |
212,416 |
3.50%,
03/01/42
(a) |
400,000 |
279,578 |
6.48%,
10/23/45
(a) |
1,000,000 |
983,571 |
5.38%,
05/01/47
(a) |
700,000 |
598,517 |
5.75%,
04/01/48
(a) |
700,000 |
622,597 |
5.13%,
07/01/49
(a) |
450,000 |
366,945 |
4.80%,
03/01/50
(a) |
925,000 |
721,899 |
3.70%,
04/01/51
(a) |
650,000 |
423,980 |
3.90%,
06/01/52
(a) |
675,000 |
455,225 |
5.25%,
04/01/53
(a) |
400,000 |
336,452 |
6.83%,
10/23/55
(a) |
160,000 |
160,818 |
3.85%,
04/01/61
(a) |
500,000 |
314,503 |
4.40%,
12/01/61
(a) |
375,000 |
260,242 |
3.95%,
06/30/62
(a) |
435,000 |
276,882 |
5.50%,
04/01/63
(a) |
300,000 |
251,341 |
Comcast
Corp. | ||
3.38%,
08/15/25
(a) |
300,000 |
293,354 |
3.95%,
10/15/25
(a) |
940,000 |
928,194 |
5.25%,
11/07/25
|
300,000 |
303,424 |
3.15%,
03/01/26
(a) |
500,000 |
485,560 |
2.35%,
01/15/27
(a) |
450,000 |
423,070 |
3.30%,
02/01/27
(a) |
380,000 |
366,982 |
3.30%,
04/01/27
(a) |
25,000 |
24,088 |
5.35%,
11/15/27
(a) |
200,000 |
206,807 |
3.15%,
02/15/28
(a) |
500,000 |
476,896 |
3.55%,
05/01/28
(a) |
292,000 |
282,242 |
4.15%,
10/15/28
(a) |
1,200,000 |
1,184,313 |
2.65%,
02/01/30
(a) |
600,000 |
540,101 |
3.40%,
04/01/30
(a) |
500,000 |
468,466 |
4.25%,
10/15/30
(a) |
425,000 |
419,209 |
1.95%,
01/15/31
(a) |
500,000 |
421,978 |
1.50%,
02/15/31
(a) |
500,000 |
408,143 |
5.50%,
11/15/32
(a) |
300,000 |
319,681 |
4.25%,
01/15/33
|
550,000 |
534,682 |
7.05%,
03/15/33
|
250,000 |
292,375 |
4.20%,
08/15/34
(a) |
350,000 |
334,917 |
5.65%,
06/15/35
|
300,000 |
322,641 |
4.40%,
08/15/35
(a) |
230,000 |
221,798 |
6.50%,
11/15/35
|
150,000 |
171,644 |
3.20%,
07/15/36
(a) |
375,000 |
316,097 |
6.95%,
08/15/37
|
50,000 |
59,263 |
3.90%,
03/01/38
(a) |
350,000 |
313,481 |
4.60%,
10/15/38
(a) |
300,000 |
290,968 |
3.25%,
11/01/39
(a) |
425,000 |
345,260 |
3.75%,
04/01/40
(a) |
450,000 |
387,564 |
4.65%,
07/15/42
|
150,000 |
141,387 |
4.75%,
03/01/44
|
200,000 |
190,255 |
4.60%,
08/15/45
(a) |
250,000 |
235,048 |
3.40%,
07/15/46
(a) |
400,000 |
310,499 |
4.00%,
08/15/47
(a) |
276,000 |
233,364 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.97%,
11/01/47
(a) |
598,000 |
502,748 |
4.00%,
03/01/48
(a) |
300,000 |
252,922 |
4.70%,
10/15/48
(a) |
550,000 |
525,858 |
4.00%,
11/01/49
(a) |
600,000 |
502,931 |
3.45%,
02/01/50
(a) |
550,000 |
423,190 |
2.80%,
01/15/51
(a) |
500,000 |
333,734 |
2.89%,
11/01/51
(a) |
1,433,000 |
970,684 |
2.45%,
08/15/52
(a) |
500,000 |
311,914 |
4.05%,
11/01/52
(a) |
303,000 |
255,896 |
5.35%,
05/15/53
(a) |
500,000 |
518,761 |
2.94%,
11/01/56
(a) |
1,688,000 |
1,112,592 |
4.95%,
10/15/58
(a) |
300,000 |
296,097 |
2.65%,
08/15/62
(a) |
350,000 |
215,509 |
2.99%,
11/01/63
(a) |
1,050,000 |
678,813 |
5.50%,
05/15/64
(a) |
400,000 |
421,619 |
Crown
Castle, Inc. | ||
1.35%,
07/15/25
(a) |
200,000 |
189,025 |
4.45%,
02/15/26
(a) |
300,000 |
295,658 |
3.70%,
06/15/26
(a) |
250,000 |
241,687 |
1.05%,
07/15/26
(a) |
250,000 |
225,893 |
4.00%,
03/01/27
(a) |
200,000 |
193,782 |
2.90%,
03/15/27
(a) |
250,000 |
234,266 |
3.65%,
09/01/27
(a) |
485,000 |
461,799 |
3.80%,
02/15/28
(a) |
300,000 |
285,558 |
4.30%,
02/15/29
(a) |
150,000 |
144,575 |
3.10%,
11/15/29
(a) |
300,000 |
269,015 |
3.30%,
07/01/30
(a) |
200,000 |
179,513 |
2.25%,
01/15/31
(a) |
350,000 |
290,157 |
2.10%,
04/01/31
(a) |
300,000 |
244,559 |
2.50%,
07/15/31
(a) |
250,000 |
208,658 |
5.10%,
05/01/33
(a) |
200,000 |
198,608 |
5.80%,
03/01/34
(a) |
200,000 |
207,266 |
2.90%,
04/01/41
(a) |
300,000 |
214,737 |
4.75%,
05/15/47
(a) |
150,000 |
131,036 |
5.20%,
02/15/49
(a) |
125,000 |
118,396 |
4.00%,
11/15/49
(a) |
75,000 |
59,429 |
4.15%,
07/01/50
(a) |
300,000 |
243,662 |
3.25%,
01/15/51
(a) |
250,000 |
175,336 |
Deutsche
Telekom International Finance BV | ||
8.75%,
06/15/30
(g) |
1,150,000 |
1,387,209 |
9.25%,
06/01/32
|
50,000 |
64,953 |
Discovery
Communications LLC | ||
3.45%,
03/15/25
(a) |
250,000 |
243,747 |
3.95%,
06/15/25
(a) |
225,000 |
219,953 |
4.90%,
03/11/26
(a) |
100,000 |
99,829 |
3.95%,
03/20/28
(a) |
635,000 |
605,574 |
4.13%,
05/15/29
(a) |
250,000 |
237,287 |
3.63%,
05/15/30
(a) |
250,000 |
227,050 |
5.00%,
09/20/37
(a) |
150,000 |
134,858 |
6.35%,
06/01/40
|
200,000 |
201,310 |
4.88%,
04/01/43
|
125,000 |
104,607 |
5.20%,
09/20/47
(a) |
375,000 |
324,061 |
5.30%,
05/15/49
(a) |
225,000 |
194,708 |
4.65%,
05/15/50
(a) |
300,000 |
241,713 |
4.00%,
09/15/55
(a) |
439,000 |
312,535 |
Electronic
Arts, Inc. | ||
4.80%,
03/01/26
(a) |
75,000 |
75,173 |
1.85%,
02/15/31
(a) |
250,000 |
208,878 |
2.95%,
02/15/51
(a) |
250,000 |
176,958 |
Fox
Corp. | ||
3.05%,
04/07/25
(a) |
150,000 |
146,101 |
4.71%,
01/25/29
(a) |
550,000 |
547,558 |
3.50%,
04/08/30
(a) |
200,000 |
184,649 |
6.50%,
10/13/33
(a) |
350,000 |
379,168 |
5.48%,
01/25/39
(a) |
350,000 |
341,845 |
5.58%,
01/25/49
(a) |
475,000 |
456,826 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Grupo
Televisa SAB | ||
8.50%,
03/11/32
|
100,000 |
117,484 |
6.63%,
01/15/40
|
200,000 |
210,698 |
5.00%,
05/13/45
(a) |
200,000 |
172,286 |
6.13%,
01/31/46
(a) |
250,000 |
250,326 |
5.25%,
05/24/49
(a) |
200,000 |
179,820 |
Interpublic
Group of Cos., Inc. | ||
4.75%,
03/30/30
(a) |
300,000 |
295,685 |
2.40%,
03/01/31
(a) |
200,000 |
169,643 |
5.40%,
10/01/48
(a) |
200,000 |
190,032 |
Koninklijke
KPN NV | ||
8.38%,
10/01/30
|
200,000 |
235,902 |
Meta
Platforms, Inc. | ||
3.50%,
08/15/27
(a) |
800,000 |
779,086 |
4.60%,
05/15/28
(a) |
400,000 |
406,292 |
4.80%,
05/15/30
(a) |
350,000 |
358,870 |
3.85%,
08/15/32
(a) |
975,000 |
927,937 |
4.95%,
05/15/33
(a) |
500,000 |
516,474 |
4.45%,
08/15/52
(a) |
700,000 |
644,174 |
5.60%,
05/15/53
(a) |
600,000 |
651,319 |
4.65%,
08/15/62
(a) |
425,000 |
396,978 |
5.75%,
05/15/63
(a) |
500,000 |
548,327 |
NBCUniversal
Media LLC | ||
6.40%,
04/30/40
|
300,000 |
337,230 |
5.95%,
04/01/41
|
175,000 |
190,404 |
4.45%,
01/15/43
|
200,000 |
183,236 |
Netflix,
Inc. | ||
5.88%,
02/15/25
|
250,000 |
252,048 |
4.38%,
11/15/26
|
300,000 |
298,724 |
4.88%,
04/15/28
|
450,000 |
455,914 |
5.88%,
11/15/28
|
500,000 |
528,539 |
6.38%,
05/15/29
|
250,000 |
272,478 |
Omnicom
Group, Inc. | ||
2.45%,
04/30/30
(a) |
225,000 |
195,786 |
4.20%,
06/01/30
(a) |
320,000 |
310,434 |
Omnicom
Group, Inc./Omnicom Capital, Inc. | ||
3.60%,
04/15/26
(a) |
350,000 |
341,365 |
Orange
SA | ||
9.00%,
03/01/31
|
800,000 |
989,292 |
5.38%,
01/13/42
|
250,000 |
255,003 |
5.50%,
02/06/44
(a) |
150,000 |
156,378 |
Paramount
Global | ||
2.90%,
01/15/27
(a) |
250,000 |
231,729 |
3.38%,
02/15/28
(a) |
50,000 |
45,751 |
3.70%,
06/01/28
(a) |
150,000 |
138,812 |
4.20%,
06/01/29
(a) |
169,000 |
158,405 |
7.88%,
07/30/30
|
225,000 |
243,978 |
4.95%,
01/15/31
(a)(c) |
250,000 |
237,541 |
4.20%,
05/19/32
(a) |
325,000 |
290,773 |
5.50%,
05/15/33
|
200,000 |
189,960 |
6.88%,
04/30/36
|
325,000 |
330,324 |
5.90%,
10/15/40
(a) |
100,000 |
90,924 |
4.85%,
07/01/42
(a) |
150,000 |
120,455 |
4.38%,
03/15/43
|
450,000 |
334,391 |
5.85%,
09/01/43
(a) |
300,000 |
270,795 |
5.25%,
04/01/44
(a) |
125,000 |
102,895 |
4.90%,
08/15/44
(a) |
220,000 |
174,937 |
4.60%,
01/15/45
(a) |
125,000 |
95,286 |
4.95%,
05/19/50
(a) |
300,000 |
243,773 |
Rogers
Communications, Inc. | ||
2.95%,
03/15/25
(a) |
280,000 |
272,333 |
3.63%,
12/15/25
(a) |
240,000 |
233,240 |
2.90%,
11/15/26
(a) |
140,000 |
132,985 |
3.20%,
03/15/27
(a) |
360,000 |
343,736 |
3.80%,
03/15/32
(a) |
550,000 |
507,082 |
7.50%,
08/15/38
|
100,000 |
115,822 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.50%,
03/15/42
(a) |
200,000 |
176,868 |
4.50%,
03/15/43
(a) |
200,000 |
177,374 |
5.45%,
10/01/43
(a) |
200,000 |
194,713 |
5.00%,
03/15/44
(a) |
350,000 |
328,578 |
4.30%,
02/15/48
(a) |
215,000 |
179,770 |
4.35%,
05/01/49
(a) |
300,000 |
254,115 |
3.70%,
11/15/49
(a) |
300,000 |
227,670 |
4.55%,
03/15/52
(a) |
450,000 |
393,491 |
Sprint
Capital Corp. | ||
6.88%,
11/15/28
|
700,000 |
759,287 |
8.75%,
03/15/32
|
575,000 |
709,714 |
Sprint
LLC | ||
7.63%,
02/15/25
(a) |
400,000 |
407,234 |
7.63%,
03/01/26
(a) |
450,000 |
470,112 |
Take-Two
Interactive Software, Inc. | ||
3.55%,
04/14/25
|
100,000 |
97,971 |
5.00%,
03/28/26
|
250,000 |
251,045 |
3.70%,
04/14/27
(a) |
250,000 |
242,378 |
4.00%,
04/14/32
(a) |
200,000 |
190,499 |
TCI
Communications, Inc. | ||
7.88%,
02/15/26
|
200,000 |
212,515 |
7.13%,
02/15/28
|
250,000 |
274,084 |
Telefonica
Emisiones SA | ||
4.10%,
03/08/27
|
350,000 |
343,326 |
7.05%,
06/20/36
|
550,000 |
622,922 |
5.21%,
03/08/47
|
760,000 |
707,249 |
4.90%,
03/06/48
|
375,000 |
331,530 |
5.52%,
03/01/49
(a) |
350,000 |
338,733 |
Telefonica
Europe BV | ||
8.25%,
09/15/30
|
400,000 |
469,364 |
TELUS
Corp. | ||
2.80%,
02/16/27
(a) |
150,000 |
141,484 |
3.70%,
09/15/27
(a) |
250,000 |
240,440 |
3.40%,
05/13/32
(a) |
250,000 |
223,061 |
4.60%,
11/16/48
(a) |
200,000 |
178,792 |
4.30%,
06/15/49
(a) |
200,000 |
167,946 |
Time
Warner Cable Enterprises LLC | ||
8.38%,
07/15/33
|
300,000 |
349,121 |
Time
Warner Cable LLC | ||
6.55%,
05/01/37
|
415,000 |
409,392 |
7.30%,
07/01/38
|
400,000 |
414,818 |
6.75%,
06/15/39
|
435,000 |
433,411 |
5.88%,
11/15/40
(a) |
385,000 |
350,768 |
5.50%,
09/01/41
(a) |
375,000 |
329,691 |
4.50%,
09/15/42
(a) |
375,000 |
296,593 |
T-Mobile
USA, Inc. | ||
3.50%,
04/15/25
(a) |
850,000 |
832,490 |
1.50%,
02/15/26
(a) |
450,000 |
419,432 |
2.25%,
02/15/26
(a) |
500,000 |
474,118 |
2.63%,
04/15/26
(a) |
325,000 |
309,399 |
3.75%,
04/15/27
(a) |
1,200,000 |
1,164,701 |
5.38%,
04/15/27
(a) |
450,000 |
451,896 |
4.75%,
02/01/28
(a) |
450,000 |
448,746 |
2.05%,
02/15/28
(a) |
600,000 |
541,778 |
4.95%,
03/15/28
(a) |
300,000 |
304,824 |
4.80%,
07/15/28
(a) |
250,000 |
252,108 |
2.63%,
02/15/29
(a) |
325,000 |
293,049 |
2.40%,
03/15/29
(a) |
200,000 |
179,487 |
3.38%,
04/15/29
(a) |
800,000 |
743,804 |
3.88%,
04/15/30
(a) |
1,750,000 |
1,661,837 |
2.55%,
02/15/31
(a) |
750,000 |
645,897 |
2.88%,
02/15/31
(a) |
200,000 |
176,179 |
3.50%,
04/15/31
(a) |
825,000 |
755,423 |
2.25%,
11/15/31
(a) |
250,000 |
208,223 |
2.70%,
03/15/32
(a) |
450,000 |
384,219 |
5.20%,
01/15/33
(a) |
250,000 |
256,329 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.05%,
07/15/33
(a) |
350,000 |
353,164 |
4.38%,
04/15/40
(a) |
525,000 |
475,852 |
3.00%,
02/15/41
(a) |
600,000 |
450,379 |
4.50%,
04/15/50
(a) |
825,000 |
730,545 |
3.30%,
02/15/51
(a) |
850,000 |
615,863 |
3.40%,
10/15/52
(a) |
900,000 |
657,809 |
5.65%,
01/15/53
(a) |
400,000 |
417,668 |
5.75%,
01/15/54
(a) |
500,000 |
530,811 |
6.00%,
06/15/54
(a) |
250,000 |
274,901 |
3.60%,
11/15/60
(a) |
500,000 |
365,771 |
5.80%,
09/15/62
(a) |
200,000 |
214,125 |
TWDC
Enterprises 18 Corp. | ||
3.15%,
09/17/25
|
200,000 |
194,880 |
3.00%,
02/13/26
|
350,000 |
338,650 |
1.85%,
07/30/26
|
200,000 |
187,272 |
2.95%,
06/15/27
|
150,000 |
144,020 |
7.00%,
03/01/32
|
150,000 |
175,719 |
4.38%,
08/16/41
|
150,000 |
138,219 |
4.13%,
12/01/41
|
200,000 |
179,656 |
4.13%,
06/01/44
|
330,000 |
294,957 |
3.00%,
07/30/46
|
150,000 |
110,452 |
Verizon
Communications, Inc. | ||
3.38%,
02/15/25
|
525,000 |
515,447 |
0.85%,
11/20/25
(a) |
400,000 |
371,934 |
1.45%,
03/20/26
(a) |
650,000 |
605,606 |
2.63%,
08/15/26
|
425,000 |
405,209 |
4.13%,
03/16/27
|
720,000 |
709,941 |
3.00%,
03/22/27
(a) |
250,000 |
237,886 |
2.10%,
03/22/28
(a) |
870,000 |
786,984 |
4.33%,
09/21/28
|
1,174,000 |
1,162,218 |
3.88%,
02/08/29
(a) |
525,000 |
509,310 |
4.02%,
12/03/29
(a) |
1,232,000 |
1,192,830 |
3.15%,
03/22/30
(a) |
470,000 |
430,165 |
1.50%,
09/18/30
(a) |
300,000 |
247,512 |
1.68%,
10/30/30
(a) |
418,000 |
344,566 |
7.75%,
12/01/30
|
150,000 |
175,998 |
1.75%,
01/20/31
(a) |
600,000 |
493,947 |
2.55%,
03/21/31
(a) |
1,100,000 |
949,159 |
2.36%,
03/15/32
(a) |
1,290,000 |
1,074,510 |
5.05%,
05/09/33
(a) |
300,000 |
306,465 |
4.50%,
08/10/33
|
500,000 |
488,168 |
4.40%,
11/01/34
(a) |
550,000 |
530,133 |
4.27%,
01/15/36
|
350,000 |
329,780 |
5.25%,
03/16/37
|
400,000 |
416,526 |
4.81%,
03/15/39
|
400,000 |
387,503 |
2.65%,
11/20/40
(a) |
900,000 |
649,751 |
3.40%,
03/22/41
(a) |
1,100,000 |
878,224 |
2.85%,
09/03/41
(a) |
35,000 |
25,902 |
4.75%,
11/01/41
|
50,000 |
48,626 |
3.85%,
11/01/42
(a) |
206,000 |
173,341 |
6.55%,
09/15/43
|
200,000 |
230,978 |
4.13%,
08/15/46
|
350,000 |
301,155 |
4.86%,
08/21/46
|
650,000 |
621,415 |
4.52%,
09/15/48
|
400,000 |
365,747 |
4.00%,
03/22/50
(a) |
350,000 |
290,739 |
2.88%,
11/20/50
(a) |
1,050,000 |
715,262 |
3.55%,
03/22/51
(a) |
1,350,000 |
1,041,504 |
3.88%,
03/01/52
(a) |
250,000 |
203,222 |
5.01%,
08/21/54
|
200,000 |
197,019 |
4.67%,
03/15/55
|
225,000 |
209,287 |
2.99%,
10/30/56
(a) |
1,000,000 |
665,623 |
3.00%,
11/20/60
(a) |
550,000 |
361,393 |
3.70%,
03/22/61
(a) |
1,150,000 |
879,837 |
Vodafone
Group PLC | ||
4.13%,
05/30/25
|
480,000 |
474,189 |
4.38%,
05/30/28
|
300,000 |
299,623 |
7.88%,
02/15/30
|
200,000 |
229,563 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.25%,
11/30/32
|
135,000 |
147,340 |
6.15%,
02/27/37
|
430,000 |
465,794 |
5.00%,
05/30/38
|
250,000 |
251,282 |
4.38%,
02/19/43
|
400,000 |
349,486 |
5.25%,
05/30/48
|
400,000 |
390,561 |
4.88%,
06/19/49
|
500,000 |
454,391 |
4.25%,
09/17/50
|
475,000 |
395,603 |
5.13%,
06/19/59
|
240,000 |
219,398 |
5.75%,
02/10/63
(a) |
100,000 |
101,777 |
Walt
Disney Co. | ||
3.35%,
03/24/25
|
500,000 |
490,903 |
3.70%,
10/15/25
(a) |
160,000 |
157,306 |
1.75%,
01/13/26
|
500,000 |
473,364 |
3.38%,
11/15/26
(a) |
200,000 |
194,325 |
3.70%,
03/23/27
|
200,000 |
197,093 |
2.20%,
01/13/28
|
350,000 |
324,167 |
2.00%,
09/01/29
(a) |
625,000 |
555,533 |
3.80%,
03/22/30
|
100,000 |
97,194 |
2.65%,
01/13/31
|
700,000 |
623,521 |
6.55%,
03/15/33
|
175,000 |
202,873 |
6.20%,
12/15/34
|
200,000 |
226,568 |
6.40%,
12/15/35
|
250,000 |
286,716 |
6.15%,
03/01/37
|
100,000 |
111,203 |
6.65%,
11/15/37
|
350,000 |
411,691 |
4.63%,
03/23/40
(a) |
250,000 |
244,066 |
3.50%,
05/13/40
(a) |
525,000 |
443,239 |
6.15%,
02/15/41
|
175,000 |
196,920 |
5.40%,
10/01/43
|
50,000 |
52,445 |
4.75%,
09/15/44
(a) |
190,000 |
183,713 |
4.95%,
10/15/45
(a) |
135,000 |
132,836 |
7.75%,
12/01/45
|
100,000 |
133,838 |
4.75%,
11/15/46
(a) |
125,000 |
119,994 |
2.75%,
09/01/49
(a) |
500,000 |
343,837 |
4.70%,
03/23/50
(a)(c) |
550,000 |
535,205 |
3.60%,
01/13/51
(a) |
890,000 |
716,052 |
3.80%,
05/13/60
(a) |
475,000 |
386,882 |
Warnermedia
Holdings, Inc. | ||
3.64%,
03/15/25
|
515,000 |
504,271 |
3.79%,
03/15/25
(a) |
90,000 |
88,183 |
6.41%,
03/15/26
(a) |
180,000 |
180,188 |
3.76%,
03/15/27
(a) |
1,200,000 |
1,150,474 |
4.05%,
03/15/29
(a) |
450,000 |
426,986 |
4.28%,
03/15/32
(a) |
1,350,000 |
1,235,420 |
5.05%,
03/15/42
(a) |
1,225,000 |
1,080,814 |
5.14%,
03/15/52
(a) |
1,975,000 |
1,699,798 |
5.39%,
03/15/62
(a) |
800,000 |
688,022 |
Weibo
Corp. | ||
3.38%,
07/08/30
(a) |
215,000 |
185,172 |
|
|
160,243,957 |
Consumer
Cyclical 1.8%
| ||
Alibaba
Group Holding Ltd. | ||
3.40%,
12/06/27
(a) |
700,000 |
664,255 |
2.13%,
02/09/31
(a)(c) |
450,000 |
373,060 |
4.50%,
11/28/34
(a) |
200,000 |
188,136 |
4.00%,
12/06/37
(a) |
300,000 |
259,191 |
2.70%,
02/09/41
(a) |
250,000 |
171,705 |
4.20%,
12/06/47
(a) |
350,000 |
286,087 |
3.15%,
02/09/51
(a) |
425,000 |
282,856 |
4.40%,
12/06/57
(a) |
300,000 |
244,590 |
3.25%,
02/09/61
(a) |
300,000 |
190,360 |
Amazon.com,
Inc. | ||
3.00%,
04/13/25
|
500,000 |
489,769 |
0.80%,
06/03/25
(a) |
350,000 |
331,829 |
4.60%,
12/01/25
|
500,000 |
501,866 |
5.20%,
12/03/25
(a) |
200,000 |
202,511 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.00%,
05/12/26
(a) |
825,000 |
762,683 |
3.30%,
04/13/27
(a) |
600,000 |
582,840 |
1.20%,
06/03/27
(a) |
300,000 |
270,720 |
3.15%,
08/22/27
(a) |
750,000 |
721,289 |
4.55%,
12/01/27
(a) |
500,000 |
507,741 |
1.65%,
05/12/28
(a) |
700,000 |
630,557 |
3.45%,
04/13/29
(a) |
350,000 |
339,302 |
4.65%,
12/01/29
(a) |
425,000 |
436,491 |
1.50%,
06/03/30
(a) |
750,000 |
635,825 |
2.10%,
05/12/31
(a) |
700,000 |
604,121 |
3.60%,
04/13/32
(a) |
700,000 |
666,831 |
4.70%,
12/01/32
(a) |
625,000 |
642,489 |
4.80%,
12/05/34
(a) |
300,000 |
310,639 |
3.88%,
08/22/37
(a) |
800,000 |
743,102 |
2.88%,
05/12/41
(a) |
650,000 |
510,724 |
4.95%,
12/05/44
(a) |
400,000 |
413,039 |
4.05%,
08/22/47
(a) |
1,075,000 |
969,589 |
2.50%,
06/03/50
(a) |
750,000 |
499,764 |
3.10%,
05/12/51
(a) |
1,155,000 |
864,211 |
3.95%,
04/13/52
(a) |
700,000 |
613,987 |
4.25%,
08/22/57
(a) |
570,000 |
525,636 |
2.70%,
06/03/60
(a) |
620,000 |
411,625 |
3.25%,
05/12/61
(a) |
500,000 |
368,214 |
4.10%,
04/13/62
(a) |
325,000 |
287,624 |
American
Honda Finance Corp. | ||
1.50%,
01/13/25
|
300,000 |
289,536 |
5.00%,
05/23/25
|
400,000 |
401,431 |
1.20%,
07/08/25
|
300,000 |
284,627 |
1.00%,
09/10/25
|
200,000 |
188,124 |
5.80%,
10/03/25
|
250,000 |
254,602 |
5.25%,
07/07/26
|
250,000 |
254,533 |
1.30%,
09/09/26
|
300,000 |
275,787 |
2.30%,
09/09/26
|
425,000 |
402,291 |
2.35%,
01/08/27
|
200,000 |
188,048 |
3.50%,
02/15/28
|
200,000 |
192,834 |
2.00%,
03/24/28
|
300,000 |
272,141 |
5.13%,
07/07/28
|
300,000 |
309,547 |
2.25%,
01/12/29
|
350,000 |
316,160 |
4.60%,
04/17/30
|
200,000 |
200,221 |
1.80%,
01/13/31
|
200,000 |
169,358 |
Aptiv
PLC | ||
4.35%,
03/15/29
(a) |
100,000 |
97,655 |
4.40%,
10/01/46
(a) |
75,000 |
60,839 |
5.40%,
03/15/49
(a) |
125,000 |
116,970 |
3.10%,
12/01/51
(a) |
350,000 |
228,888 |
Aptiv
PLC/Aptiv Corp. | ||
2.40%,
02/18/25
(a) |
200,000 |
193,475 |
3.25%,
03/01/32
(a) |
250,000 |
221,079 |
4.15%,
05/01/52
(a) |
300,000 |
238,000 |
AutoNation,
Inc. | ||
3.80%,
11/15/27
(a) |
350,000 |
328,895 |
1.95%,
08/01/28
(a) |
50,000 |
43,074 |
4.75%,
06/01/30
(a) |
200,000 |
193,268 |
2.40%,
08/01/31
(a) |
150,000 |
120,986 |
3.85%,
03/01/32
(a) |
35,000 |
31,212 |
AutoZone,
Inc. | ||
3.25%,
04/15/25
(a) |
300,000 |
293,084 |
3.63%,
04/15/25
(a) |
100,000 |
98,230 |
3.13%,
04/21/26
(a) |
50,000 |
48,153 |
3.75%,
06/01/27
(a) |
200,000 |
194,471 |
6.25%,
11/01/28
(a) |
200,000 |
212,920 |
3.75%,
04/18/29
(a) |
200,000 |
191,363 |
4.00%,
04/15/30
(a) |
280,000 |
269,497 |
1.65%,
01/15/31
(a) |
150,000 |
122,072 |
4.75%,
08/01/32
(a) |
225,000 |
223,175 |
6.55%,
11/01/33
(a) |
200,000 |
222,484 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Best
Buy Co., Inc. | ||
4.45%,
10/01/28
(a) |
100,000 |
99,490 |
1.95%,
10/01/30
(a) |
200,000 |
166,326 |
Block
Financial LLC | ||
5.25%,
10/01/25
(a) |
125,000 |
124,360 |
2.50%,
07/15/28
(a) |
150,000 |
133,929 |
3.88%,
08/15/30
(a) |
200,000 |
183,243 |
Booking
Holdings, Inc. | ||
3.65%,
03/15/25
(a) |
20,000 |
19,704 |
3.60%,
06/01/26
(a) |
300,000 |
294,306 |
3.55%,
03/15/28
(a) |
150,000 |
144,959 |
4.63%,
04/13/30
(a) |
500,000 |
504,276 |
BorgWarner,
Inc. | ||
2.65%,
07/01/27
(a) |
425,000 |
394,524 |
4.38%,
03/15/45
(a) |
150,000 |
124,172 |
California
Endowment | ||
2.50%,
04/01/51
(a) |
150,000 |
98,467 |
CBRE
Services, Inc. | ||
4.88%,
03/01/26
(a) |
200,000 |
199,950 |
2.50%,
04/01/31
(a) |
385,000 |
325,978 |
Choice
Hotels International, Inc. | ||
3.70%,
12/01/29
(a) |
125,000 |
111,219 |
3.70%,
01/15/31
(a) |
155,000 |
134,167 |
Costco
Wholesale Corp. | ||
3.00%,
05/18/27
(a) |
475,000 |
457,809 |
1.60%,
04/20/30
(a) |
400,000 |
343,025 |
1.75%,
04/20/32
(a) |
450,000 |
374,817 |
Cummins,
Inc. | ||
0.75%,
09/01/25
(a) |
150,000 |
140,680 |
1.50%,
09/01/30
(a) |
250,000 |
208,764 |
4.88%,
10/01/43
(a) |
100,000 |
98,536 |
2.60%,
09/01/50
(a) |
210,000 |
139,663 |
Darden
Restaurants, Inc. | ||
3.85%,
05/01/27
(a) |
155,000 |
150,192 |
4.55%,
02/15/48
(a) |
120,000 |
102,159 |
Dick's
Sporting Goods, Inc. | ||
3.15%,
01/15/32
(a) |
225,000 |
191,831 |
4.10%,
01/15/52
(a) |
200,000 |
143,213 |
Dollar
General Corp. | ||
4.15%,
11/01/25
(a) |
89,000 |
87,594 |
3.88%,
04/15/27
(a) |
150,000 |
145,520 |
4.63%,
11/01/27
(a) |
200,000 |
198,917 |
4.13%,
05/01/28
(a) |
150,000 |
146,972 |
3.50%,
04/03/30
(a) |
300,000 |
276,654 |
5.00%,
11/01/32
(a)(c) |
200,000 |
199,804 |
5.45%,
07/05/33
(a) |
300,000 |
306,045 |
4.13%,
04/03/50
(a) |
165,000 |
131,231 |
5.50%,
11/01/52
(a) |
105,000 |
102,648 |
Dollar
Tree, Inc. | ||
4.00%,
05/15/25
(a) |
250,000 |
245,625 |
4.20%,
05/15/28
(a) |
325,000 |
318,288 |
2.65%,
12/01/31
(a) |
400,000 |
339,911 |
3.38%,
12/01/51
(a) |
150,000 |
104,239 |
DR
Horton, Inc. | ||
2.60%,
10/15/25
(a) |
210,000 |
201,444 |
1.40%,
10/15/27
(a) |
225,000 |
200,624 |
eBay,
Inc. | ||
1.90%,
03/11/25
(a) |
230,000 |
221,224 |
5.90%,
11/22/25
(a) |
150,000 |
152,635 |
1.40%,
05/10/26
(a) |
200,000 |
185,298 |
3.60%,
06/05/27
(a) |
350,000 |
338,975 |
2.70%,
03/11/30
(a) |
200,000 |
178,323 |
2.60%,
05/10/31
(a) |
250,000 |
218,155 |
6.30%,
11/22/32
(a) |
100,000 |
110,224 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
07/15/42
(a) |
275,000 |
229,238 |
3.65%,
05/10/51
(a) |
250,000 |
191,376 |
Expedia
Group, Inc. | ||
5.00%,
02/15/26
(a) |
100,000 |
100,089 |
4.63%,
08/01/27
(a) |
225,000 |
224,511 |
3.80%,
02/15/28
(a) |
430,000 |
414,605 |
3.25%,
02/15/30
(a) |
350,000 |
321,299 |
2.95%,
03/15/31
(a) |
150,000 |
132,729 |
Ford
Foundation | ||
2.42%,
06/01/50
(a) |
205,000 |
134,942 |
2.82%,
06/01/70
(a) |
130,000 |
83,182 |
Ford
Motor Co. | ||
4.35%,
12/08/26
(a)(c) |
500,000 |
487,706 |
6.63%,
10/01/28
(c) |
200,000 |
210,873 |
9.63%,
04/22/30
(a) |
200,000 |
235,755 |
3.25%,
02/12/32
(a) |
750,000 |
624,362 |
6.10%,
08/19/32
(a) |
500,000 |
504,932 |
4.75%,
01/15/43
|
550,000 |
454,943 |
7.40%,
11/01/46
|
100,000 |
109,286 |
5.29%,
12/08/46
(a)(c) |
400,000 |
354,129 |
Ford
Motor Credit Co. LLC | ||
2.30%,
02/10/25
(a) |
400,000 |
384,984 |
4.69%,
06/09/25
(a) |
100,000 |
98,237 |
5.13%,
06/16/25
(a) |
500,000 |
494,129 |
4.13%,
08/04/25
|
500,000 |
486,246 |
3.38%,
11/13/25
(a) |
600,000 |
574,038 |
4.39%,
01/08/26
|
450,000 |
437,684 |
6.95%,
03/06/26
(a) |
350,000 |
358,736 |
6.95%,
06/10/26
(a) |
250,000 |
256,660 |
4.54%,
08/01/26
(a) |
200,000 |
193,990 |
2.70%,
08/10/26
(a) |
400,000 |
370,747 |
4.27%,
01/09/27
(a) |
250,000 |
240,111 |
4.95%,
05/28/27
(a) |
450,000 |
439,590 |
4.13%,
08/17/27
(a) |
350,000 |
332,013 |
3.82%,
11/02/27
(a) |
300,000 |
280,186 |
7.35%,
11/04/27
(a) |
450,000 |
474,584 |
2.90%,
02/16/28
(a) |
250,000 |
224,531 |
6.80%,
05/12/28
(a) |
470,000 |
491,213 |
6.80%,
11/07/28
(a) |
400,000 |
418,941 |
2.90%,
02/10/29
(a) |
200,000 |
175,376 |
5.11%,
05/03/29
(a) |
400,000 |
389,583 |
7.35%,
03/06/30
(a) |
300,000 |
322,299 |
7.20%,
06/10/30
(a) |
250,000 |
266,670 |
4.00%,
11/13/30
(a) |
500,000 |
448,681 |
3.63%,
06/17/31
(a) |
300,000 |
259,051 |
7.12%,
11/07/33
(a) |
250,000 |
269,549 |
General
Motors Co. | ||
4.00%,
04/01/25
|
150,000 |
147,486 |
6.13%,
10/01/25
(a) |
350,000 |
354,625 |
4.20%,
10/01/27
(a) |
250,000 |
244,526 |
6.80%,
10/01/27
(a) |
650,000 |
689,648 |
5.00%,
10/01/28
(a)(c) |
300,000 |
302,823 |
5.40%,
10/15/29
(a) |
400,000 |
407,266 |
5.60%,
10/15/32
(a) |
350,000 |
358,079 |
5.00%,
04/01/35
|
200,000 |
191,123 |
6.60%,
04/01/36
(a) |
350,000 |
374,773 |
5.15%,
04/01/38
(a) |
350,000 |
331,636 |
6.25%,
10/02/43
|
450,000 |
460,986 |
5.20%,
04/01/45
|
250,000 |
225,811 |
6.75%,
04/01/46
(a) |
225,000 |
242,244 |
5.40%,
04/01/48
(a) |
200,000 |
183,649 |
5.95%,
04/01/49
(a)(c) |
200,000 |
196,346 |
General
Motors Financial Co., Inc. | ||
4.00%,
01/15/25
(a) |
250,000 |
245,958 |
2.90%,
02/26/25
(a) |
500,000 |
485,504 |
3.80%,
04/07/25
|
350,000 |
343,006 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.35%,
04/09/25
(a) |
61,000 |
60,149 |
2.75%,
06/20/25
(a) |
250,000 |
240,693 |
6.05%,
10/10/25
|
375,000 |
379,896 |
1.25%,
01/08/26
(a) |
425,000 |
393,392 |
5.25%,
03/01/26
(a) |
400,000 |
400,464 |
5.40%,
04/06/26
|
500,000 |
503,593 |
1.50%,
06/10/26
(a) |
550,000 |
504,627 |
4.00%,
10/06/26
(a) |
300,000 |
292,035 |
4.35%,
01/17/27
(a) |
500,000 |
490,460 |
2.35%,
02/26/27
(a) |
250,000 |
230,429 |
5.00%,
04/09/27
(a) |
400,000 |
399,598 |
2.70%,
08/20/27
(a) |
300,000 |
276,930 |
3.85%,
01/05/28
(a) |
175,000 |
167,410 |
2.40%,
04/10/28
(a) |
325,000 |
292,082 |
5.80%,
06/23/28
(a) |
100,000 |
102,854 |
2.40%,
10/15/28
(a) |
300,000 |
266,656 |
5.80%,
01/07/29
(a) |
500,000 |
512,385 |
5.65%,
01/17/29
(a) |
150,000 |
153,640 |
4.30%,
04/06/29
(a) |
350,000 |
337,783 |
3.60%,
06/21/30
(a) |
500,000 |
454,871 |
2.35%,
01/08/31
(a) |
300,000 |
248,249 |
2.70%,
06/10/31
(a) |
350,000 |
293,735 |
3.10%,
01/12/32
(a) |
400,000 |
341,066 |
6.40%,
01/09/33
(a) |
100,000 |
106,546 |
6.10%,
01/07/34
(a) |
500,000 |
514,993 |
Genuine
Parts Co. | ||
1.75%,
02/01/25
(a) |
250,000 |
240,420 |
1.88%,
11/01/30
(a) |
125,000 |
101,451 |
2.75%,
02/01/32
(a) |
250,000 |
209,290 |
GLP
Capital LP/GLP Financing II, Inc. | ||
5.25%,
06/01/25
(a) |
400,000 |
399,148 |
5.38%,
04/15/26
(a) |
325,000 |
323,558 |
5.75%,
06/01/28
(a) |
170,000 |
171,560 |
5.30%,
01/15/29
(a) |
225,000 |
224,126 |
4.00%,
01/15/30
(a) |
200,000 |
182,641 |
4.00%,
01/15/31
(a) |
250,000 |
225,372 |
3.25%,
01/15/32
(a) |
200,000 |
169,778 |
Harley-Davidson,
Inc. | ||
3.50%,
07/28/25
(a) |
100,000 |
97,133 |
4.63%,
07/28/45
(a) |
100,000 |
80,424 |
Harman
International Industries, Inc. | ||
4.15%,
05/15/25
(a) |
200,000 |
197,021 |
Home
Depot, Inc. | ||
3.35%,
09/15/25
(a) |
300,000 |
294,333 |
3.00%,
04/01/26
(a) |
400,000 |
387,926 |
2.13%,
09/15/26
(a) |
300,000 |
282,654 |
4.95%,
09/30/26
(a) |
300,000 |
304,339 |
2.50%,
04/15/27
(a) |
200,000 |
188,813 |
2.80%,
09/14/27
(a) |
150,000 |
142,772 |
0.90%,
03/15/28
(a) |
275,000 |
240,866 |
1.50%,
09/15/28
(a) |
450,000 |
399,370 |
3.90%,
12/06/28
(a) |
300,000 |
295,765 |
4.90%,
04/15/29
(a) |
300,000 |
308,501 |
2.95%,
06/15/29
(a) |
650,000 |
612,060 |
2.70%,
04/15/30
(a) |
550,000 |
503,333 |
1.38%,
03/15/31
(a) |
275,000 |
224,984 |
1.88%,
09/15/31
(a) |
300,000 |
251,256 |
3.25%,
04/15/32
(a) |
400,000 |
369,993 |
4.50%,
09/15/32
(a) |
300,000 |
306,187 |
5.88%,
12/16/36
|
850,000 |
951,218 |
3.30%,
04/15/40
(a) |
430,000 |
356,858 |
5.40%,
09/15/40
(a) |
206,000 |
217,627 |
5.95%,
04/01/41
(a) |
200,000 |
224,123 |
4.20%,
04/01/43
(a) |
250,000 |
227,861 |
4.88%,
02/15/44
(a) |
150,000 |
148,834 |
4.40%,
03/15/45
(a) |
325,000 |
302,363 |
4.25%,
04/01/46
(a) |
425,000 |
385,286 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.90%,
06/15/47
(a) |
360,000 |
309,813 |
4.50%,
12/06/48
(a) |
350,000 |
330,816 |
3.13%,
12/15/49
(a) |
400,000 |
298,208 |
3.35%,
04/15/50
(a) |
300,000 |
233,264 |
2.38%,
03/15/51
(a) |
400,000 |
254,429 |
2.75%,
09/15/51
(a) |
250,000 |
171,332 |
3.63%,
04/15/52
(a) |
600,000 |
487,059 |
4.95%,
09/15/52
(a) |
300,000 |
304,210 |
3.50%,
09/15/56
(a) |
297,000 |
234,214 |
Honda
Motor Co. Ltd. | ||
2.27%,
03/10/25
(a) |
250,000 |
242,434 |
2.53%,
03/10/27
(a) |
200,000 |
188,838 |
2.97%,
03/10/32
(a) |
225,000 |
205,905 |
Hyatt
Hotels Corp. | ||
5.38%,
04/23/25
(a)(e) |
200,000 |
200,330 |
4.85%,
03/15/26
(a) |
125,000 |
124,071 |
4.38%,
09/15/28
(a) |
200,000 |
194,565 |
5.75%,
04/23/30
(a)(e) |
150,000 |
155,771 |
JD.com,
Inc. | ||
3.88%,
04/29/26
|
200,000 |
194,944 |
3.38%,
01/14/30
(a)(c) |
200,000 |
181,247 |
4.13%,
01/14/50
(a) |
190,000 |
149,050 |
Lear
Corp. | ||
3.80%,
09/15/27
(a) |
150,000 |
144,811 |
4.25%,
05/15/29
(a) |
225,000 |
216,555 |
2.60%,
01/15/32
(a) |
100,000 |
82,033 |
5.25%,
05/15/49
(a) |
250,000 |
231,650 |
Lennar
Corp. | ||
4.75%,
05/30/25
(a) |
175,000 |
174,127 |
5.25%,
06/01/26
(a) |
100,000 |
100,493 |
5.00%,
06/15/27
(a) |
180,000 |
181,035 |
4.75%,
11/29/27
(a) |
200,000 |
200,223 |
LKQ
Corp. | ||
5.75%,
06/15/28
(a) |
225,000 |
231,172 |
6.25%,
06/15/33
(a) |
200,000 |
209,180 |
Lowe's
Cos., Inc. | ||
4.00%,
04/15/25
(a) |
200,000 |
197,429 |
4.40%,
09/08/25
|
115,000 |
114,285 |
3.38%,
09/15/25
(a) |
400,000 |
390,456 |
4.80%,
04/01/26
(a) |
105,000 |
105,113 |
2.50%,
04/15/26
(a) |
450,000 |
428,843 |
3.10%,
05/03/27
(a) |
710,000 |
681,032 |
1.30%,
04/15/28
(a) |
350,000 |
307,754 |
6.50%,
03/15/29
|
401,000 |
435,560 |
3.65%,
04/05/29
(a) |
672,000 |
648,209 |
4.50%,
04/15/30
(a) |
400,000 |
398,190 |
1.70%,
10/15/30
(a) |
300,000 |
249,614 |
2.63%,
04/01/31
(a) |
500,000 |
438,666 |
3.75%,
04/01/32
(a) |
500,000 |
467,701 |
5.00%,
04/15/33
(a) |
425,000 |
434,343 |
5.00%,
04/15/40
(a) |
125,000 |
122,476 |
4.65%,
04/15/42
(a) |
150,000 |
140,114 |
4.38%,
09/15/45
(a) |
150,000 |
132,753 |
3.70%,
04/15/46
(a) |
450,000 |
355,883 |
4.05%,
05/03/47
(a) |
450,000 |
371,640 |
4.55%,
04/05/49
(a) |
200,000 |
177,706 |
5.13%,
04/15/50
(a) |
150,000 |
145,207 |
3.00%,
10/15/50
(a) |
395,000 |
269,312 |
3.50%,
04/01/51
(a) |
175,000 |
130,790 |
4.25%,
04/01/52
(a) |
555,000 |
470,679 |
5.63%,
04/15/53
(a) |
400,000 |
421,777 |
5.75%,
07/01/53
(a) |
150,000 |
159,488 |
4.45%,
04/01/62
(a) |
375,000 |
317,895 |
5.80%,
09/15/62
(a) |
300,000 |
317,629 |
5.85%,
04/01/63
(a) |
150,000 |
157,979 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Magna
International, Inc. | ||
4.15%,
10/01/25
(a) |
250,000 |
246,337 |
2.45%,
06/15/30
(a) |
125,000 |
109,590 |
5.50%,
03/21/33
(a) |
150,000 |
159,084 |
Marriott
International, Inc. | ||
3.75%,
03/15/25
(a) |
150,000 |
147,486 |
5.75%,
05/01/25
(a) |
350,000 |
352,291 |
3.75%,
10/01/25
(a) |
150,000 |
146,551 |
3.13%,
06/15/26
(a) |
300,000 |
288,286 |
5.55%,
10/15/28
(a) |
250,000 |
257,924 |
4.65%,
12/01/28
(a) |
150,000 |
149,473 |
4.63%,
06/15/30
(a) |
500,000 |
492,042 |
2.85%,
04/15/31
(a) |
325,000 |
282,144 |
3.50%,
10/15/32
(a) |
475,000 |
424,045 |
McDonald's
Corp. | ||
3.38%,
05/26/25
(a) |
200,000 |
196,166 |
3.30%,
07/01/25
(a) |
200,000 |
195,586 |
1.45%,
09/01/25
(a) |
125,000 |
118,405 |
3.70%,
01/30/26
(a) |
650,000 |
639,407 |
3.50%,
03/01/27
(a) |
250,000 |
243,544 |
3.50%,
07/01/27
(a) |
250,000 |
243,104 |
3.80%,
04/01/28
(a) |
350,000 |
341,641 |
4.80%,
08/14/28
(a) |
150,000 |
152,840 |
2.63%,
09/01/29
(a) |
300,000 |
274,715 |
2.13%,
03/01/30
(a) |
250,000 |
218,669 |
3.60%,
07/01/30
(a) |
350,000 |
332,286 |
4.60%,
09/09/32
(a) |
200,000 |
202,772 |
4.70%,
12/09/35
(a) |
400,000 |
395,711 |
6.30%,
10/15/37
|
230,000 |
260,972 |
6.30%,
03/01/38
|
250,000 |
284,661 |
5.70%,
02/01/39
|
83,000 |
89,370 |
3.70%,
02/15/42
|
100,000 |
84,646 |
3.63%,
05/01/43
|
200,000 |
166,161 |
4.60%,
05/26/45
(a) |
100,000 |
94,385 |
4.88%,
12/09/45
(a) |
525,000 |
517,691 |
4.45%,
03/01/47
(a) |
325,000 |
298,339 |
4.45%,
09/01/48
(a) |
200,000 |
185,496 |
3.63%,
09/01/49
(a) |
475,000 |
381,977 |
4.20%,
04/01/50
(a) |
150,000 |
133,257 |
5.15%,
09/09/52
(a) |
250,000 |
254,540 |
5.45%,
08/14/53
(a) |
225,000 |
239,827 |
MDC
Holdings, Inc. | ||
3.85%,
01/15/30
(a) |
100,000 |
91,796 |
2.50%,
01/15/31
(a) |
100,000 |
82,249 |
6.00%,
01/15/43
(a) |
135,000 |
126,091 |
3.97%,
08/06/61
(a) |
145,000 |
95,057 |
Mercedes-Benz
Finance North America LLC | ||
8.50%,
01/18/31
|
425,000 |
533,376 |
NIKE,
Inc. | ||
2.40%,
03/27/25
(a) |
300,000 |
291,718 |
2.38%,
11/01/26
(a) |
300,000 |
284,976 |
2.75%,
03/27/27
(a) |
250,000 |
238,470 |
2.85%,
03/27/30
(a) |
600,000 |
552,170 |
3.25%,
03/27/40
(a) |
300,000 |
252,356 |
3.63%,
05/01/43
(a) |
115,000 |
99,452 |
3.88%,
11/01/45
(a) |
225,000 |
198,682 |
3.38%,
11/01/46
(a) |
150,000 |
121,227 |
3.38%,
03/27/50
(a)(c) |
450,000 |
369,101 |
NVR,
Inc. | ||
3.00%,
05/15/30
(a) |
250,000 |
223,108 |
O'Reilly
Automotive, Inc. | ||
3.55%,
03/15/26
(a) |
200,000 |
194,475 |
3.60%,
09/01/27
(a) |
250,000 |
241,171 |
4.35%,
06/01/28
(a) |
209,000 |
207,897 |
3.90%,
06/01/29
(a) |
260,000 |
251,275 |
1.75%,
03/15/31
(a) |
250,000 |
204,248 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
PACCAR
Financial Corp. | ||
1.80%,
02/06/25
|
300,000 |
290,425 |
2.85%,
04/07/25
|
100,000 |
97,759 |
3.55%,
08/11/25
|
175,000 |
172,336 |
4.95%,
10/03/25
|
130,000 |
130,742 |
4.45%,
03/30/26
|
150,000 |
149,999 |
1.10%,
05/11/26
|
250,000 |
231,311 |
PulteGroup,
Inc. | ||
5.50%,
03/01/26
(a) |
150,000 |
152,012 |
5.00%,
01/15/27
(a) |
150,000 |
151,141 |
7.88%,
06/15/32
|
50,000 |
58,877 |
6.38%,
05/15/33
|
150,000 |
164,389 |
6.00%,
02/15/35
|
100,000 |
105,308 |
PVH
Corp. | ||
4.63%,
07/10/25
(a)(d) |
300,000 |
295,313 |
Ralph
Lauren Corp. | ||
3.75%,
09/15/25
(a) |
170,000 |
166,623 |
2.95%,
06/15/30
(a) |
200,000 |
182,249 |
Rockefeller
Foundation | ||
2.49%,
10/01/50
(a) |
300,000 |
199,289 |
Ross
Stores, Inc. | ||
4.60%,
04/15/25
(a) |
200,000 |
198,540 |
0.88%,
04/15/26
(a) |
150,000 |
137,680 |
1.88%,
04/15/31
(a) |
160,000 |
131,837 |
Sands
China Ltd. | ||
5.38%,
08/08/25
(a)(e) |
500,000 |
493,331 |
4.30%,
01/08/26
(a)(e) |
200,000 |
192,683 |
5.65%,
08/08/28
(a)(e) |
600,000 |
593,147 |
3.10%,
03/08/29
(a)(e) |
200,000 |
174,013 |
4.63%,
06/18/30
(a)(e) |
200,000 |
182,465 |
3.50%,
08/08/31
(a)(e) |
200,000 |
167,093 |
Starbucks
Corp. | ||
3.80%,
08/15/25
(a) |
350,000 |
343,828 |
4.75%,
02/15/26
|
250,000 |
251,137 |
2.00%,
03/12/27
(a)(c) |
200,000 |
185,477 |
3.50%,
03/01/28
(a) |
150,000 |
144,393 |
4.00%,
11/15/28
(a) |
250,000 |
246,279 |
3.55%,
08/15/29
(a) |
300,000 |
289,477 |
2.25%,
03/12/30
(a) |
250,000 |
219,661 |
2.55%,
11/15/30
(a) |
375,000 |
331,762 |
3.00%,
02/14/32
(a)(c) |
400,000 |
358,903 |
4.80%,
02/15/33
(a) |
150,000 |
153,229 |
4.30%,
06/15/45
(a) |
125,000 |
112,173 |
3.75%,
12/01/47
(a) |
150,000 |
121,156 |
4.50%,
11/15/48
(a) |
250,000 |
228,362 |
4.45%,
08/15/49
(a) |
350,000 |
318,308 |
3.35%,
03/12/50
(a) |
150,000 |
112,674 |
3.50%,
11/15/50
(a) |
300,000 |
233,574 |
Tapestry,
Inc. | ||
4.25%,
04/01/25
(a) |
100,000 |
98,586 |
7.00%,
11/27/26
|
200,000 |
207,658 |
4.13%,
07/15/27
(a) |
150,000 |
143,143 |
7.35%,
11/27/28
(a) |
485,000 |
509,222 |
3.05%,
03/15/32
(a) |
200,000 |
162,779 |
7.85%,
11/27/33
(a) |
350,000 |
373,885 |
Target
Corp. | ||
2.25%,
04/15/25
(a) |
500,000 |
485,052 |
2.50%,
04/15/26
|
250,000 |
240,826 |
1.95%,
01/15/27
(a)(c) |
300,000 |
280,104 |
3.38%,
04/15/29
(a) |
375,000 |
361,244 |
2.35%,
02/15/30
(a) |
300,000 |
268,416 |
2.65%,
09/15/30
(a) |
250,000 |
224,466 |
4.50%,
09/15/32
(a) |
300,000 |
303,246 |
6.50%,
10/15/37
|
200,000 |
233,106 |
7.00%,
01/15/38
|
100,000 |
121,909 |
4.00%,
07/01/42
|
450,000 |
408,436 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.63%,
04/15/46
|
125,000 |
103,733 |
3.90%,
11/15/47
(a) |
200,000 |
173,560 |
2.95%,
01/15/52
(a) |
300,000 |
215,044 |
4.80%,
01/15/53
(a)(c) |
200,000 |
198,681 |
TJX
Cos., Inc. | ||
2.25%,
09/15/26
(a) |
400,000 |
379,506 |
1.15%,
05/15/28
(a) |
100,000 |
87,637 |
3.88%,
04/15/30
(a) |
250,000 |
241,848 |
Toll
Brothers Finance Corp. | ||
4.88%,
11/15/25
(a) |
150,000 |
149,113 |
4.88%,
03/15/27
(a) |
250,000 |
249,288 |
3.80%,
11/01/29
(a) |
100,000 |
93,770 |
Toyota
Motor Corp. | ||
1.34%,
03/25/26
(a) |
300,000 |
279,795 |
3.67%,
07/20/28
|
250,000 |
244,598 |
2.76%,
07/02/29
|
150,000 |
140,785 |
5.12%,
07/13/33
(a) |
150,000 |
162,146 |
Toyota
Motor Credit Corp. | ||
4.80%,
01/10/25
|
350,000 |
350,250 |
1.45%,
01/13/25
|
400,000 |
386,112 |
1.80%,
02/13/25
|
500,000 |
483,726 |
3.00%,
04/01/25
|
550,000 |
537,969 |
3.95%,
06/30/25
|
400,000 |
395,578 |
3.65%,
08/18/25
|
250,000 |
246,217 |
0.80%,
10/16/25
|
400,000 |
374,201 |
0.80%,
01/09/26
|
300,000 |
278,522 |
4.45%,
05/18/26
|
500,000 |
499,455 |
1.13%,
06/18/26
|
250,000 |
230,944 |
5.40%,
11/20/26
|
300,000 |
307,395 |
3.20%,
01/11/27
|
450,000 |
434,150 |
3.05%,
03/22/27
|
550,000 |
527,436 |
1.15%,
08/13/27
|
400,000 |
357,557 |
4.55%,
09/20/27
|
300,000 |
302,601 |
5.45%,
11/10/27
|
125,000 |
129,695 |
3.05%,
01/11/28
|
250,000 |
238,600 |
4.63%,
01/12/28
|
300,000 |
304,193 |
3.65%,
01/08/29
|
400,000 |
390,857 |
2.15%,
02/13/30
|
250,000 |
220,898 |
3.38%,
04/01/30
|
400,000 |
376,305 |
5.55%,
11/20/30
|
300,000 |
316,249 |
1.65%,
01/10/31
|
300,000 |
250,130 |
1.90%,
09/12/31
|
150,000 |
125,172 |
4.70%,
01/12/33
|
250,000 |
256,905 |
Tractor
Supply Co. | ||
1.75%,
11/01/30
(a) |
200,000 |
164,132 |
5.25%,
05/15/33
(a) |
200,000 |
205,414 |
VF
Corp. | ||
2.40%,
04/23/25
(a) |
275,000 |
262,836 |
2.80%,
04/23/27
(a) |
225,000 |
206,986 |
2.95%,
04/23/30
(a) |
250,000 |
209,254 |
VICI
Properties LP | ||
4.75%,
02/15/28
(a) |
400,000 |
393,330 |
4.95%,
02/15/30
(a) |
300,000 |
291,324 |
5.13%,
05/15/32
(a) |
400,000 |
390,433 |
5.63%,
05/15/52
(a) |
215,000 |
206,247 |
Walmart,
Inc. | ||
3.55%,
06/26/25
(a) |
570,000 |
562,435 |
3.90%,
09/09/25
|
500,000 |
495,632 |
3.05%,
07/08/26
(a) |
100,000 |
97,081 |
1.05%,
09/17/26
(a) |
175,000 |
161,046 |
5.88%,
04/05/27
(c) |
300,000 |
317,168 |
3.95%,
09/09/27
(a) |
100,000 |
99,470 |
3.70%,
06/26/28
(a) |
550,000 |
543,723 |
1.50%,
09/22/28
(a) |
200,000 |
178,826 |
3.25%,
07/08/29
(a) |
350,000 |
336,276 |
2.38%,
09/24/29
(a) |
150,000 |
136,866 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
7.55%,
02/15/30
|
250,000 |
295,704 |
1.80%,
09/22/31
(a) |
650,000 |
551,614 |
4.15%,
09/09/32
(a) |
600,000 |
600,349 |
4.10%,
04/15/33
(a) |
325,000 |
321,571 |
5.25%,
09/01/35
|
600,000 |
655,641 |
6.50%,
08/15/37
|
100,000 |
121,093 |
6.20%,
04/15/38
|
150,000 |
177,190 |
3.95%,
06/28/38
(a) |
350,000 |
333,741 |
5.63%,
04/01/40
|
100,000 |
111,549 |
5.00%,
10/25/40
|
150,000 |
158,969 |
5.63%,
04/15/41
|
150,000 |
168,369 |
2.50%,
09/22/41
(a) |
450,000 |
333,323 |
4.00%,
04/11/43
(a) |
225,000 |
205,224 |
4.30%,
04/22/44
(a) |
200,000 |
191,745 |
3.63%,
12/15/47
(a) |
150,000 |
127,434 |
4.05%,
06/29/48
(a) |
500,000 |
457,737 |
2.95%,
09/24/49
(a) |
450,000 |
336,845 |
2.65%,
09/22/51
(a) |
250,000 |
174,731 |
4.50%,
04/15/53
(a) |
400,000 |
389,653 |
|
|
137,258,685 |
Consumer
Non-Cyclical 3.8%
| ||
Abbott
Laboratories | ||
2.95%,
03/15/25
(a) |
110,000 |
107,803 |
3.88%,
09/15/25
(a) |
140,000 |
138,723 |
3.75%,
11/30/26
(a) |
578,000 |
570,376 |
1.15%,
01/30/28
(a) |
250,000 |
222,991 |
1.40%,
06/30/30
(a) |
100,000 |
84,705 |
4.75%,
11/30/36
(a) |
500,000 |
512,688 |
6.15%,
11/30/37
|
150,000 |
172,902 |
6.00%,
04/01/39
|
160,000 |
185,289 |
5.30%,
05/27/40
|
195,000 |
212,025 |
4.75%,
04/15/43
(a) |
200,000 |
203,552 |
4.90%,
11/30/46
(a) |
925,000 |
948,480 |
AbbVie,
Inc. | ||
3.80%,
03/15/25
(a) |
1,000,000 |
987,442 |
3.60%,
05/14/25
(a) |
1,235,000 |
1,213,332 |
3.20%,
05/14/26
(a) |
550,000 |
533,691 |
2.95%,
11/21/26
(a) |
1,100,000 |
1,055,630 |
4.25%,
11/14/28
(a) |
490,000 |
487,912 |
3.20%,
11/21/29
(a) |
1,520,000 |
1,421,103 |
4.55%,
03/15/35
(a) |
500,000 |
491,050 |
4.50%,
05/14/35
(a) |
625,000 |
611,695 |
4.30%,
05/14/36
(a) |
300,000 |
287,924 |
4.05%,
11/21/39
(a) |
1,050,000 |
949,795 |
4.63%,
10/01/42
(a) |
125,000 |
118,941 |
4.40%,
11/06/42
|
750,000 |
696,910 |
4.85%,
06/15/44
(a) |
275,000 |
268,019 |
4.75%,
03/15/45
(a) |
218,000 |
209,803 |
4.70%,
05/14/45
(a) |
775,000 |
739,780 |
4.45%,
05/14/46
(a) |
550,000 |
505,740 |
4.88%,
11/14/48
(a) |
500,000 |
489,358 |
4.25%,
11/21/49
(a) |
1,600,000 |
1,427,382 |
AdventHealth
Obligated Group | ||
2.80%,
11/15/51
(a) |
150,000 |
104,476 |
Adventist
Health System | ||
2.95%,
03/01/29
(a) |
175,000 |
158,378 |
3.63%,
03/01/49
(a) |
75,000 |
55,919 |
Advocate
Health & Hospitals Corp. | ||
3.83%,
08/15/28
(a) |
100,000 |
97,346 |
2.21%,
06/15/30
(a) |
150,000 |
129,175 |
4.27%,
08/15/48
(a) |
189,000 |
169,468 |
3.39%,
10/15/49
(a) |
150,000 |
115,603 |
3.01%,
06/15/50
(a) |
50,000 |
35,781 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Agilent
Technologies, Inc. | ||
2.75%,
09/15/29
(a) |
350,000 |
320,772 |
2.30%,
03/12/31
(a) |
250,000 |
217,011 |
Ahold
Finance USA LLC | ||
6.88%,
05/01/29
|
150,000 |
166,349 |
AHS
Hospital Corp. | ||
5.02%,
07/01/45
|
115,000 |
112,708 |
2.78%,
07/01/51
(a) |
150,000 |
99,767 |
Allina
Health System | ||
3.89%,
04/15/49
(a) |
100,000 |
83,629 |
2.90%,
11/15/51
(a) |
100,000 |
67,868 |
Altria
Group, Inc. | ||
2.35%,
05/06/25
(a) |
250,000 |
241,194 |
4.40%,
02/14/26
(a) |
250,000 |
247,760 |
2.63%,
09/16/26
(a) |
150,000 |
141,913 |
4.80%,
02/14/29
(a) |
560,000 |
559,097 |
3.40%,
05/06/30
(a) |
200,000 |
182,920 |
2.45%,
02/04/32
(a) |
550,000 |
449,813 |
5.80%,
02/14/39
(a) |
450,000 |
460,233 |
3.40%,
02/04/41
(a) |
425,000 |
312,361 |
4.25%,
08/09/42
|
375,000 |
306,424 |
4.50%,
05/02/43
|
200,000 |
167,033 |
5.38%,
01/31/44
|
600,000 |
594,138 |
3.88%,
09/16/46
(a) |
450,000 |
338,907 |
5.95%,
02/14/49
(a) |
650,000 |
662,807 |
4.45%,
05/06/50
(a) |
210,000 |
167,178 |
3.70%,
02/04/51
(a) |
400,000 |
282,463 |
4.00%,
02/04/61
(a) |
200,000 |
146,497 |
Amgen,
Inc. | ||
1.90%,
02/21/25
(a) |
150,000 |
144,934 |
5.25%,
03/02/25
|
590,000 |
591,614 |
3.13%,
05/01/25
(a) |
425,000 |
414,447 |
5.51%,
03/02/26
(a) |
450,000 |
450,301 |
2.60%,
08/19/26
(a) |
400,000 |
380,274 |
2.20%,
02/21/27
(a) |
450,000 |
418,589 |
3.20%,
11/02/27
(a) |
400,000 |
382,304 |
5.15%,
03/02/28
(a) |
1,050,000 |
1,073,998 |
1.65%,
08/15/28
(a) |
200,000 |
176,972 |
3.00%,
02/22/29
(a) |
250,000 |
235,270 |
4.05%,
08/18/29
(a) |
400,000 |
391,801 |
2.45%,
02/21/30
(a) |
400,000 |
354,839 |
5.25%,
03/02/30
(a) |
750,000 |
771,542 |
2.30%,
02/25/31
(a) |
475,000 |
406,427 |
2.00%,
01/15/32
(a) |
400,000 |
327,984 |
3.35%,
02/22/32
(a) |
300,000 |
274,105 |
4.20%,
03/01/33
(a) |
225,000 |
214,329 |
5.25%,
03/02/33
(a) |
1,250,000 |
1,281,670 |
6.38%,
06/01/37
|
50,000 |
55,756 |
6.40%,
02/01/39
|
80,000 |
89,296 |
3.15%,
02/21/40
(a) |
500,000 |
390,015 |
5.75%,
03/15/40
|
100,000 |
104,289 |
2.80%,
08/15/41
(a) |
200,000 |
145,739 |
4.95%,
10/01/41
|
235,000 |
225,870 |
5.15%,
11/15/41
(a) |
321,000 |
317,034 |
5.65%,
06/15/42
(a) |
100,000 |
103,985 |
5.60%,
03/02/43
(a) |
750,000 |
776,169 |
4.40%,
05/01/45
(a) |
650,000 |
578,158 |
4.56%,
06/15/48
(a) |
400,000 |
361,661 |
3.38%,
02/21/50
(a) |
650,000 |
485,506 |
4.66%,
06/15/51
(a) |
1,000,000 |
911,412 |
3.00%,
01/15/52
(a) |
200,000 |
140,269 |
4.20%,
02/22/52
(a) |
250,000 |
211,931 |
4.88%,
03/01/53
(a) |
300,000 |
281,022 |
5.65%,
03/02/53
(a) |
1,000,000 |
1,053,829 |
2.77%,
09/01/53
(a) |
322,000 |
207,393 |
4.40%,
02/22/62
(a) |
425,000 |
360,437 |
5.75%,
03/02/63
(a) |
700,000 |
736,500 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Anheuser-Busch
Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%,
02/01/26
(a) |
625,000 |
613,706 |
4.70%,
02/01/36
(a) |
1,525,000 |
1,522,662 |
4.90%,
02/01/46
(a) |
2,885,000 |
2,846,458 |
Anheuser-Busch
InBev Finance, Inc. | ||
4.70%,
02/01/36
(a) |
187,000 |
187,156 |
4.63%,
02/01/44
|
250,000 |
238,685 |
4.90%,
02/01/46
(a) |
475,000 |
463,540 |
Anheuser-Busch
InBev Worldwide, Inc. | ||
4.00%,
04/13/28
(a) |
750,000 |
742,136 |
4.75%,
01/23/29
(a) |
1,100,000 |
1,118,875 |
3.50%,
06/01/30
(a) |
500,000 |
476,738 |
4.90%,
01/23/31
(a) |
275,000 |
286,166 |
4.38%,
04/15/38
(a) |
125,000 |
118,830 |
8.20%,
01/15/39
|
350,000 |
468,235 |
5.45%,
01/23/39
(a) |
650,000 |
686,273 |
8.00%,
11/15/39
|
125,000 |
162,312 |
4.35%,
06/01/40
(a) |
400,000 |
374,676 |
4.95%,
01/15/42
|
490,000 |
491,441 |
4.60%,
04/15/48
(a) |
600,000 |
569,482 |
4.44%,
10/06/48
(a) |
450,000 |
415,866 |
5.55%,
01/23/49
(a) |
1,200,000 |
1,294,365 |
4.75%,
04/15/58
(a) |
300,000 |
286,343 |
5.80%,
01/23/59
(a) |
600,000 |
674,077 |
Archer-Daniels-Midland
Co. | ||
2.50%,
08/11/26
(a) |
500,000 |
476,410 |
3.25%,
03/27/30
(a) |
450,000 |
420,571 |
2.90%,
03/01/32
(a) |
85,000 |
75,699 |
5.38%,
09/15/35
|
200,000 |
214,531 |
3.75%,
09/15/47
(a) |
190,000 |
157,257 |
4.50%,
03/15/49
(a) |
250,000 |
235,218 |
2.70%,
09/15/51
(a) |
200,000 |
135,605 |
Ascension
Health | ||
2.53%,
11/15/29
(a) |
345,000 |
308,845 |
3.11%,
11/15/39
(a) |
80,000 |
63,095 |
3.95%,
11/15/46
|
325,000 |
280,930 |
4.85%,
11/15/53
|
125,000 |
122,436 |
Astrazeneca
Finance LLC | ||
1.20%,
05/28/26
(a) |
350,000 |
324,076 |
4.88%,
03/03/28
(a) |
300,000 |
305,857 |
1.75%,
05/28/28
(a) |
350,000 |
313,571 |
4.90%,
03/03/30
(a) |
350,000 |
360,643 |
2.25%,
05/28/31
(a) |
100,000 |
86,300 |
AstraZeneca
PLC | ||
3.38%,
11/16/25
|
400,000 |
391,444 |
0.70%,
04/08/26
(a) |
375,000 |
345,397 |
3.13%,
06/12/27
(a) |
50,000 |
48,080 |
4.00%,
01/17/29
(a) |
210,000 |
207,542 |
1.38%,
08/06/30
(a) |
550,000 |
457,888 |
6.45%,
09/15/37
|
850,000 |
994,436 |
4.00%,
09/18/42
|
350,000 |
318,435 |
4.38%,
11/16/45
|
250,000 |
235,382 |
4.38%,
08/17/48
(a) |
225,000 |
211,863 |
2.13%,
08/06/50
(a) |
200,000 |
128,371 |
3.00%,
05/28/51
(a) |
250,000 |
187,099 |
Banner
Health | ||
2.34%,
01/01/30
(a) |
125,000 |
109,097 |
1.90%,
01/01/31
(a) |
100,000 |
82,851 |
2.91%,
01/01/42
(a) |
100,000 |
73,968 |
3.18%,
01/01/50
(a) |
100,000 |
73,767 |
2.91%,
01/01/51
(a) |
100,000 |
68,954 |
Baptist
Health South Florida Obligated Group | ||
3.12%,
11/15/71
(a) |
50,000 |
30,345 |
Baptist
Healthcare System Obligated Group | ||
Series
20B
3.54%,
08/15/50
(a) |
175,000 |
130,259 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
BAT
Capital Corp. | ||
3.22%,
09/06/26
(a) |
300,000 |
287,297 |
4.70%,
04/02/27
(a) |
250,000 |
247,612 |
3.56%,
08/15/27
(a) |
700,000 |
668,923 |
2.26%,
03/25/28
(a) |
540,000 |
483,367 |
3.46%,
09/06/29
(a) |
200,000 |
184,289 |
4.91%,
04/02/30
(a) |
300,000 |
295,379 |
6.34%,
08/02/30
(a) |
250,000 |
263,073 |
2.73%,
03/25/31
(a) |
550,000 |
461,801 |
4.74%,
03/16/32
(a) |
325,000 |
312,539 |
7.75%,
10/19/32
(a) |
250,000 |
282,251 |
4.39%,
08/15/37
(a) |
750,000 |
629,938 |
3.73%,
09/25/40
(a) |
300,000 |
221,447 |
7.08%,
08/02/43
(a) |
200,000 |
212,700 |
4.54%,
08/15/47
(a) |
900,000 |
693,229 |
4.76%,
09/06/49
(a) |
300,000 |
238,434 |
5.28%,
04/02/50
(a) |
100,000 |
85,974 |
3.98%,
09/25/50
(a) |
300,000 |
212,101 |
5.65%,
03/16/52
(a) |
10,000 |
9,086 |
7.08%,
08/02/53
(a) |
300,000 |
321,163 |
BAT
International Finance PLC | ||
1.67%,
03/25/26
(a) |
350,000 |
325,210 |
4.45%,
03/16/28
(a) |
450,000 |
443,536 |
Baxalta,
Inc. | ||
4.00%,
06/23/25
(a) |
225,000 |
221,442 |
5.25%,
06/23/45
(a) |
173,000 |
173,148 |
Baxter
International, Inc. | ||
2.60%,
08/15/26
(a) |
200,000 |
188,705 |
1.92%,
02/01/27
(a) |
500,000 |
458,389 |
2.27%,
12/01/28
(a) |
200,000 |
179,301 |
3.95%,
04/01/30
(a) |
100,000 |
95,054 |
1.73%,
04/01/31
(a) |
200,000 |
162,897 |
2.54%,
02/01/32
(a) |
450,000 |
377,947 |
3.50%,
08/15/46
(a) |
150,000 |
110,430 |
3.13%,
12/01/51
(a) |
285,000 |
196,657 |
BayCare
Health System, Inc. | ||
Series
2020
3.83%,
11/15/50
(a) |
150,000 |
125,884 |
Baylor
Scott & White Holdings | ||
1.78%,
11/15/30
(a) |
100,000 |
83,222 |
4.19%,
11/15/45
(a) |
150,000 |
135,011 |
3.97%,
11/15/46
(a) |
50,000 |
42,905 |
2.84%,
11/15/50
(a) |
325,000 |
224,537 |
Becton
Dickinson & Co. | ||
3.70%,
06/06/27
(a) |
551,000 |
534,362 |
4.69%,
02/13/28
(a) |
200,000 |
201,075 |
2.82%,
05/20/30
(a) |
350,000 |
313,193 |
1.96%,
02/11/31
(a) |
300,000 |
250,295 |
4.69%,
12/15/44
(a) |
375,000 |
351,666 |
4.67%,
06/06/47
(a) |
350,000 |
327,164 |
3.79%,
05/20/50
(a) |
150,000 |
122,437 |
Beth
Israel Lahey Health, Inc. | ||
3.08%,
07/01/51
(a) |
150,000 |
97,710 |
Biogen,
Inc. | ||
4.05%,
09/15/25
(a) |
525,000 |
516,659 |
2.25%,
05/01/30
(a) |
500,000 |
427,226 |
3.15%,
05/01/50
(a) |
625,000 |
438,730 |
3.25%,
02/15/51
(a) |
335,000 |
240,347 |
Bio-Rad
Laboratories, Inc. | ||
3.30%,
03/15/27
(a) |
125,000 |
118,909 |
3.70%,
03/15/32
(a) |
250,000 |
225,468 |
Bon
Secours Mercy Health, Inc. | ||
4.30%,
07/01/28
(a) |
100,000 |
98,271 |
3.46%,
06/01/30
(a) |
100,000 |
90,999 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.10%,
06/01/31
(a) |
100,000 |
82,491 |
3.21%,
06/01/50
(a) |
100,000 |
69,926 |
Boston
Scientific Corp. | ||
1.90%,
06/01/25
(a) |
150,000 |
143,712 |
4.00%,
03/01/28
(a) |
50,000 |
48,884 |
2.65%,
06/01/30
(a) |
350,000 |
312,874 |
6.50%,
11/15/35
(g) |
125,000 |
141,883 |
4.55%,
03/01/39
(a) |
100,000 |
95,734 |
7.38%,
01/15/40
|
100,000 |
121,630 |
4.70%,
03/01/49
(a) |
160,000 |
154,243 |
Bristol-Myers
Squibb Co. | ||
0.75%,
11/13/25
(a) |
250,000 |
233,406 |
3.20%,
06/15/26
(a) |
547,000 |
531,133 |
3.25%,
02/27/27
|
150,000 |
145,562 |
1.13%,
11/13/27
(a) |
300,000 |
266,967 |
3.45%,
11/15/27
(a) |
150,000 |
145,752 |
3.90%,
02/20/28
(a) |
350,000 |
344,084 |
3.40%,
07/26/29
(a) |
800,000 |
759,115 |
1.45%,
11/13/30
(a) |
200,000 |
164,459 |
5.75%,
02/01/31
(a) |
275,000 |
294,577 |
2.95%,
03/15/32
(a) |
600,000 |
533,743 |
5.90%,
11/15/33
(a) |
275,000 |
299,833 |
4.13%,
06/15/39
(a) |
650,000 |
586,776 |
2.35%,
11/13/40
(a) |
350,000 |
244,582 |
3.55%,
03/15/42
(a) |
200,000 |
163,822 |
3.25%,
08/01/42
|
150,000 |
116,890 |
4.50%,
03/01/44
(a) |
50,000 |
46,054 |
4.63%,
05/15/44
(a) |
50,000 |
46,820 |
5.00%,
08/15/45
(a) |
300,000 |
298,125 |
4.35%,
11/15/47
(a) |
425,000 |
374,865 |
4.55%,
02/20/48
(a) |
406,000 |
370,219 |
4.25%,
10/26/49
(a) |
1,100,000 |
955,327 |
2.55%,
11/13/50
(a) |
450,000 |
285,466 |
3.70%,
03/15/52
(a) |
650,000 |
511,317 |
6.25%,
11/15/53
(a) |
300,000 |
343,657 |
3.90%,
03/15/62
(a) |
300,000 |
233,944 |
6.40%,
11/15/63
(a) |
200,000 |
232,461 |
Brown-Forman
Corp. | ||
3.50%,
04/15/25
(a) |
200,000 |
196,374 |
4.00%,
04/15/38
(a) |
155,000 |
140,910 |
4.50%,
07/15/45
(a) |
150,000 |
139,968 |
Brunswick
Corp. | ||
2.40%,
08/18/31
(a) |
160,000 |
129,735 |
4.40%,
09/15/32
(a) |
160,000 |
145,926 |
5.10%,
04/01/52
(a) |
100,000 |
78,441 |
Bunge
Ltd. Finance Corp. | ||
1.63%,
08/17/25
(a) |
200,000 |
189,064 |
3.75%,
09/25/27
(a) |
300,000 |
289,411 |
2.75%,
05/14/31
(a) |
350,000 |
305,043 |
Campbell
Soup Co. | ||
3.95%,
03/15/25
(a) |
250,000 |
246,217 |
3.30%,
03/19/25
(a) |
100,000 |
97,630 |
4.15%,
03/15/28
(a) |
200,000 |
196,221 |
2.38%,
04/24/30
(a) |
250,000 |
216,850 |
4.80%,
03/15/48
(a) |
265,000 |
242,488 |
3.13%,
04/24/50
(a) |
25,000 |
17,286 |
Cardinal
Health, Inc. | ||
3.75%,
09/15/25
(a) |
200,000 |
195,550 |
3.41%,
06/15/27
(a) |
350,000 |
336,132 |
4.60%,
03/15/43
|
150,000 |
133,779 |
4.50%,
11/15/44
(a) |
25,000 |
21,817 |
4.90%,
09/15/45
(a) |
150,000 |
137,824 |
4.37%,
06/15/47
(a) |
175,000 |
150,333 |
Catholic
Health Services of Long Island Obligated Group | ||
3.37%,
07/01/50
(a) |
125,000 |
87,547 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Cedars-Sinai
Health System | ||
2.29%,
08/15/31
(a) |
150,000 |
125,975 |
Cencora,
Inc. | ||
3.25%,
03/01/25
(a) |
100,000 |
97,935 |
3.45%,
12/15/27
(a) |
300,000 |
289,175 |
2.80%,
05/15/30
(a) |
100,000 |
89,767 |
2.70%,
03/15/31
(a) |
300,000 |
263,294 |
4.25%,
03/01/45
(a) |
150,000 |
132,754 |
4.30%,
12/15/47
(a) |
150,000 |
134,721 |
Children's
Health System of Texas | ||
2.51%,
08/15/50
(a) |
175,000 |
109,830 |
Children's
Hospital | ||
2.93%,
07/15/50
(a) |
125,000 |
81,890 |
Children's
Hospital Corp. | ||
4.12%,
01/01/47
(a) |
100,000 |
88,351 |
2.59%,
02/01/50
(a) |
120,000 |
78,989 |
Children's
Hospital Medical Center | ||
4.27%,
05/15/44
|
100,000 |
91,843 |
Children's
Hospital of Philadelphia | ||
2.70%,
07/01/50
(a) |
150,000 |
100,507 |
CHRISTUS
Health | ||
4.34%,
07/01/28
(a) |
150,000 |
147,758 |
Church
& Dwight Co., Inc. | ||
3.15%,
08/01/27
(a) |
350,000 |
335,441 |
5.60%,
11/15/32
(a) |
150,000 |
161,238 |
5.00%,
06/15/52
(a) |
150,000 |
150,779 |
Cigna
Group | ||
3.25%,
04/15/25
(a) |
300,000 |
292,848 |
4.13%,
11/15/25
(a) |
700,000 |
691,858 |
4.50%,
02/25/26
(a) |
385,000 |
382,493 |
1.25%,
03/15/26
(a) |
150,000 |
139,065 |
5.69%,
03/15/26
(a) |
50,000 |
50,044 |
3.40%,
03/01/27
(a) |
435,000 |
419,421 |
3.05%,
10/15/27
(a) |
191,000 |
181,593 |
4.38%,
10/15/28
(a) |
1,075,000 |
1,066,724 |
2.40%,
03/15/30
(a) |
500,000 |
438,193 |
2.38%,
03/15/31
(a) |
450,000 |
384,404 |
4.80%,
08/15/38
(a) |
625,000 |
605,709 |
3.20%,
03/15/40
(a) |
150,000 |
117,539 |
6.13%,
11/15/41
|
145,000 |
159,255 |
4.80%,
07/15/46
(a) |
405,000 |
381,375 |
3.88%,
10/15/47
(a) |
289,000 |
235,605 |
4.90%,
12/15/48
(a) |
850,000 |
809,575 |
3.40%,
03/15/50
(a) |
325,000 |
240,660 |
3.40%,
03/15/51
(a) |
550,000 |
408,293 |
City
of Hope | ||
5.62%,
11/15/43
|
195,000 |
196,341 |
Cleveland
Clinic Foundation | ||
4.86%,
01/01/14
|
125,000 |
118,059 |
Clorox
Co. | ||
3.10%,
10/01/27
(a) |
100,000 |
94,627 |
3.90%,
05/15/28
(a) |
250,000 |
242,557 |
4.40%,
05/01/29
(a) |
150,000 |
148,734 |
1.80%,
05/15/30
(a) |
200,000 |
167,182 |
Coca-Cola
Co. | ||
3.38%,
03/25/27
|
350,000 |
342,154 |
1.45%,
06/01/27
|
500,000 |
457,200 |
1.00%,
03/15/28
|
500,000 |
441,230 |
2.13%,
09/06/29
|
275,000 |
248,698 |
3.45%,
03/25/30
|
400,000 |
384,061 |
1.65%,
06/01/30
|
450,000 |
385,807 |
2.00%,
03/05/31
|
205,000 |
177,087 |
1.38%,
03/15/31
|
400,000 |
330,337 |
2.25%,
01/05/32
|
500,000 |
437,056 |
2.50%,
06/01/40
|
350,000 |
265,140 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.20%,
03/25/50
|
150,000 |
140,089 |
2.60%,
06/01/50
|
560,000 |
387,104 |
3.00%,
03/05/51
|
550,000 |
415,950 |
2.50%,
03/15/51
|
500,000 |
336,704 |
2.75%,
06/01/60
|
325,000 |
225,709 |
Coca-Cola
Consolidated, Inc. | ||
3.80%,
11/25/25
(a) |
200,000 |
195,850 |
Coca-Cola
Femsa SAB de CV | ||
2.75%,
01/22/30
(a) |
350,000 |
314,967 |
1.85%,
09/01/32
(a) |
200,000 |
159,530 |
5.25%,
11/26/43
|
150,000 |
151,109 |
Colgate-Palmolive
Co. | ||
3.10%,
08/15/27
(a) |
300,000 |
289,896 |
3.25%,
08/15/32
(a) |
250,000 |
232,493 |
4.60%,
03/01/33
(a) |
300,000 |
312,155 |
4.00%,
08/15/45
|
200,000 |
185,008 |
3.70%,
08/01/47
(a) |
57,000 |
49,957 |
CommonSpirit
Health | ||
6.07%,
11/01/27
(a) |
150,000 |
154,946 |
3.35%,
10/01/29
(a) |
350,000 |
319,839 |
4.35%,
11/01/42
|
250,000 |
218,583 |
3.82%,
10/01/49
(a) |
250,000 |
198,883 |
4.19%,
10/01/49
(a) |
275,000 |
232,194 |
3.91%,
10/01/50
(a) |
185,000 |
146,579 |
6.46%,
11/01/52
(a) |
75,000 |
88,119 |
Community
Health Network, Inc. | ||
3.10%,
05/01/50
(a) |
165,000 |
111,064 |
Conagra
Brands, Inc. | ||
4.60%,
11/01/25
(a) |
250,000 |
247,901 |
1.38%,
11/01/27
(a) |
400,000 |
351,778 |
7.00%,
10/01/28
|
100,000 |
107,888 |
4.85%,
11/01/28
(a) |
400,000 |
400,071 |
8.25%,
09/15/30
|
50,000 |
58,471 |
5.30%,
11/01/38
(a) |
300,000 |
294,065 |
5.40%,
11/01/48
(a) |
330,000 |
319,758 |
Constellation
Brands, Inc. | ||
4.40%,
11/15/25
(a) |
250,000 |
247,254 |
4.75%,
12/01/25
|
200,000 |
199,200 |
3.70%,
12/06/26
(a) |
200,000 |
195,187 |
4.35%,
05/09/27
(a) |
125,000 |
124,116 |
3.60%,
02/15/28
(a) |
100,000 |
96,134 |
4.65%,
11/15/28
(a) |
250,000 |
250,677 |
3.15%,
08/01/29
(a) |
400,000 |
372,760 |
2.88%,
05/01/30
(a) |
200,000 |
179,388 |
2.25%,
08/01/31
(a) |
300,000 |
252,536 |
4.75%,
05/09/32
(a) |
200,000 |
199,665 |
4.90%,
05/01/33
(a) |
100,000 |
100,662 |
4.50%,
05/09/47
(a) |
175,000 |
156,164 |
4.10%,
02/15/48
(a) |
175,000 |
148,965 |
5.25%,
11/15/48
(a) |
200,000 |
198,354 |
3.75%,
05/01/50
(a) |
100,000 |
79,988 |
Corewell
Health Obligated Group | ||
3.49%,
07/15/49
(a) |
125,000 |
97,439 |
Cottage
Health Obligated Group | ||
3.30%,
11/01/49
(a) |
150,000 |
112,112 |
CVS
Health Corp. | ||
4.10%,
03/25/25
(a) |
300,000 |
297,183 |
3.88%,
07/20/25
(a) |
800,000 |
786,071 |
5.00%,
02/20/26
(a) |
400,000 |
401,903 |
2.88%,
06/01/26
(a) |
400,000 |
382,361 |
3.00%,
08/15/26
(a) |
250,000 |
239,199 |
3.63%,
04/01/27
(a) |
350,000 |
339,484 |
6.25%,
06/01/27
|
235,000 |
246,989 |
1.30%,
08/21/27
(a) |
600,000 |
533,750 |
4.30%,
03/25/28
(a) |
1,422,000 |
1,398,806 |
5.00%,
01/30/29
(a) |
250,000 |
254,433 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.25%,
08/15/29
(a) |
500,000 |
465,821 |
5.13%,
02/21/30
(a) |
400,000 |
406,552 |
3.75%,
04/01/30
(a) |
500,000 |
471,515 |
1.75%,
08/21/30
(a) |
100,000 |
82,721 |
5.25%,
01/30/31
(a) |
300,000 |
308,259 |
1.88%,
02/28/31
(a) |
400,000 |
329,391 |
2.13%,
09/15/31
(a) |
500,000 |
414,146 |
5.25%,
02/21/33
(a) |
400,000 |
409,176 |
5.30%,
06/01/33
(a) |
350,000 |
359,507 |
4.88%,
07/20/35
(a) |
200,000 |
196,857 |
4.78%,
03/25/38
(a) |
1,400,000 |
1,325,358 |
6.13%,
09/15/39
|
150,000 |
159,520 |
4.13%,
04/01/40
(a) |
300,000 |
258,292 |
2.70%,
08/21/40
(a) |
400,000 |
285,903 |
5.30%,
12/05/43
(a) |
200,000 |
194,124 |
5.13%,
07/20/45
(a) |
900,000 |
853,278 |
5.05%,
03/25/48
(a) |
2,200,000 |
2,064,686 |
4.25%,
04/01/50
(a) |
250,000 |
209,438 |
5.63%,
02/21/53
(a) |
350,000 |
355,576 |
5.88%,
06/01/53
(a) |
350,000 |
368,685 |
6.00%,
06/01/63
(a) |
200,000 |
212,974 |
Danaher
Corp. | ||
3.35%,
09/15/25
(a) |
150,000 |
146,765 |
4.38%,
09/15/45
(a) |
125,000 |
116,451 |
2.60%,
10/01/50
(a) |
250,000 |
167,697 |
2.80%,
12/10/51
(a) |
275,000 |
190,925 |
Dartmouth-Hitchcock
Health | ||
4.18%,
08/01/48
(a) |
100,000 |
79,682 |
DENTSPLY
SIRONA, Inc. | ||
3.25%,
06/01/30
(a) |
250,000 |
221,223 |
DH
Europe Finance II SARL | ||
2.60%,
11/15/29
(a) |
250,000 |
226,384 |
3.25%,
11/15/39
(a) |
245,000 |
203,579 |
3.40%,
11/15/49
(a) |
325,000 |
257,417 |
Diageo
Capital PLC | ||
1.38%,
09/29/25
(a) |
200,000 |
189,112 |
5.38%,
10/05/26
(a) |
200,000 |
204,534 |
5.30%,
10/24/27
(a) |
300,000 |
310,017 |
3.88%,
05/18/28
(a) |
250,000 |
245,086 |
2.38%,
10/24/29
(a) |
200,000 |
180,482 |
2.00%,
04/29/30
(a) |
350,000 |
303,055 |
2.13%,
04/29/32
(a) |
250,000 |
208,963 |
5.50%,
01/24/33
(a) |
225,000 |
239,821 |
5.63%,
10/05/33
(a) |
300,000 |
324,074 |
5.88%,
09/30/36
|
200,000 |
220,706 |
3.88%,
04/29/43
(a) |
50,000 |
43,597 |
Diageo
Investment Corp. | ||
7.45%,
04/15/35
|
100,000 |
121,859 |
4.25%,
05/11/42
|
100,000 |
91,337 |
Dignity
Health | ||
4.50%,
11/01/42
|
145,000 |
128,036 |
5.27%,
11/01/64
|
100,000 |
94,533 |
Duke
University Health System, Inc. | ||
3.92%,
06/01/47
(a) |
200,000 |
170,740 |
Edwards
Lifesciences Corp. | ||
4.30%,
06/15/28
(a) |
225,000 |
221,840 |
Eli
Lilly & Co. | ||
2.75%,
06/01/25
(a) |
50,000 |
48,708 |
5.00%,
02/27/26
(a) |
250,000 |
250,168 |
5.50%,
03/15/27
|
25,000 |
25,989 |
3.10%,
05/15/27
(a) |
150,000 |
144,791 |
3.38%,
03/15/29
(a) |
350,000 |
336,800 |
4.70%,
02/27/33
(a) |
300,000 |
308,124 |
3.70%,
03/01/45
(a) |
275,000 |
241,419 |
3.95%,
05/15/47
(a) |
150,000 |
137,123 |
3.95%,
03/15/49
(a) |
350,000 |
312,105 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.25%,
05/15/50
(a) |
500,000 |
324,135 |
4.88%,
02/27/53
(a) |
200,000 |
207,605 |
4.15%,
03/15/59
(a) |
225,000 |
206,619 |
2.50%,
09/15/60
(a) |
400,000 |
252,334 |
4.95%,
02/27/63
(a) |
200,000 |
207,732 |
Estee
Lauder Cos., Inc. | ||
3.15%,
03/15/27
(a) |
350,000 |
335,626 |
4.38%,
05/15/28
(a) |
200,000 |
199,963 |
2.38%,
12/01/29
(a) |
200,000 |
178,276 |
2.60%,
04/15/30
(a) |
250,000 |
221,781 |
4.65%,
05/15/33
(a)(c) |
200,000 |
201,281 |
4.38%,
06/15/45
(a) |
150,000 |
136,206 |
4.15%,
03/15/47
(a) |
150,000 |
130,143 |
3.13%,
12/01/49
(a) |
200,000 |
146,093 |
5.15%,
05/15/53
(a) |
150,000 |
153,114 |
Flowers
Foods, Inc. | ||
2.40%,
03/15/31
(a) |
200,000 |
168,555 |
Fomento
Economico Mexicano SAB de CV | ||
3.50%,
01/16/50
(a) |
600,000 |
458,052 |
Franciscan
Missionaries of Our Lady Health System, Inc. | ||
3.91%,
07/01/49
(a) |
50,000 |
38,439 |
GE
HealthCare Technologies, Inc. | ||
5.60%,
11/15/25
(a) |
400,000 |
403,678 |
5.65%,
11/15/27
(a) |
525,000 |
544,210 |
5.86%,
03/15/30
(a) |
350,000 |
368,173 |
5.91%,
11/22/32
(a) |
500,000 |
534,029 |
6.38%,
11/22/52
(a) |
300,000 |
349,302 |
General
Mills, Inc. | ||
4.00%,
04/17/25
(a) |
200,000 |
197,617 |
5.24%,
11/18/25
(a) |
100,000 |
100,018 |
3.20%,
02/10/27
(a) |
400,000 |
383,307 |
4.20%,
04/17/28
(a) |
325,000 |
320,834 |
2.88%,
04/15/30
(a) |
350,000 |
316,499 |
2.25%,
10/14/31
(a) |
200,000 |
168,370 |
4.95%,
03/29/33
(a) |
300,000 |
304,399 |
4.70%,
04/17/48
(a) |
50,000 |
46,972 |
3.00%,
02/01/51
(a) |
501,000 |
350,099 |
Gilead
Sciences, Inc. | ||
3.50%,
02/01/25
(a) |
600,000 |
590,731 |
3.65%,
03/01/26
(a) |
800,000 |
784,007 |
2.95%,
03/01/27
(a) |
475,000 |
453,168 |
1.20%,
10/01/27
(a) |
300,000 |
267,312 |
1.65%,
10/01/30
(a) |
50,000 |
41,932 |
5.25%,
10/15/33
(a) |
200,000 |
208,818 |
4.60%,
09/01/35
(a) |
175,000 |
173,177 |
4.00%,
09/01/36
(a) |
300,000 |
276,463 |
5.65%,
12/01/41
(a) |
325,000 |
347,538 |
4.80%,
04/01/44
(a) |
750,000 |
724,968 |
4.50%,
02/01/45
(a) |
400,000 |
370,418 |
4.75%,
03/01/46
(a) |
650,000 |
621,065 |
4.15%,
03/01/47
(a) |
575,000 |
501,957 |
2.80%,
10/01/50
(a) |
500,000 |
346,245 |
5.55%,
10/15/53
(a) |
200,000 |
217,120 |
GlaxoSmithKline
Capital PLC | ||
3.38%,
06/01/29
(a) |
150,000 |
144,567 |
GlaxoSmithKline
Capital, Inc. | ||
3.63%,
05/15/25
|
350,000 |
344,305 |
3.88%,
05/15/28
|
550,000 |
543,181 |
5.38%,
04/15/34
|
130,000 |
140,278 |
6.38%,
05/15/38
|
775,000 |
902,004 |
4.20%,
03/18/43
|
175,000 |
163,642 |
Hackensack
Meridian Health, Inc. | ||
2.68%,
09/01/41
(a) |
200,000 |
143,949 |
4.21%,
07/01/48
(a) |
100,000 |
89,120 |
4.50%,
07/01/57
(a) |
145,000 |
131,927 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Haleon
U.K. Capital PLC | ||
3.13%,
03/24/25
|
600,000 |
585,995 |
Haleon
U.S. Capital LLC | ||
3.38%,
03/24/27
(a) |
500,000 |
481,517 |
3.38%,
03/24/29
(a) |
300,000 |
284,251 |
3.63%,
03/24/32
(a) |
500,000 |
462,272 |
4.00%,
03/24/52
(a) |
300,000 |
255,219 |
Hartford
HealthCare Corp. | ||
3.45%,
07/01/54
|
140,000 |
102,115 |
Hasbro,
Inc. | ||
3.55%,
11/19/26
(a) |
200,000 |
189,891 |
3.50%,
09/15/27
(a) |
150,000 |
141,530 |
3.90%,
11/19/29
(a) |
250,000 |
233,419 |
6.35%,
03/15/40
|
150,000 |
156,806 |
5.10%,
05/15/44
(a) |
100,000 |
88,814 |
HCA,
Inc. | ||
5.38%,
02/01/25
|
750,000 |
749,994 |
5.25%,
04/15/25
|
450,000 |
450,228 |
5.88%,
02/15/26
(a) |
565,000 |
570,617 |
5.25%,
06/15/26
(a) |
350,000 |
351,830 |
5.38%,
09/01/26
(a) |
300,000 |
301,758 |
4.50%,
02/15/27
(a) |
350,000 |
346,466 |
3.13%,
03/15/27
(a) |
350,000 |
332,259 |
5.20%,
06/01/28
(a) |
250,000 |
252,692 |
5.63%,
09/01/28
(a) |
400,000 |
409,900 |
5.88%,
02/01/29
(a) |
250,000 |
258,047 |
3.38%,
03/15/29
(a) |
150,000 |
138,561 |
4.13%,
06/15/29
(a) |
575,000 |
550,527 |
3.50%,
09/01/30
(a) |
750,000 |
680,502 |
2.38%,
07/15/31
(a) |
310,000 |
256,567 |
3.63%,
03/15/32
(a) |
500,000 |
447,634 |
5.50%,
06/01/33
(a) |
300,000 |
305,384 |
5.13%,
06/15/39
(a) |
225,000 |
214,975 |
4.38%,
03/15/42
(a) |
160,000 |
135,780 |
5.50%,
06/15/47
(a) |
450,000 |
433,295 |
5.25%,
06/15/49
(a) |
550,000 |
513,014 |
3.50%,
07/15/51
(a) |
450,000 |
317,352 |
4.63%,
03/15/52
(a) |
600,000 |
512,393 |
5.90%,
06/01/53
(a) |
250,000 |
256,837 |
Hershey
Co. | ||
0.90%,
06/01/25
(a) |
265,000 |
251,335 |
2.30%,
08/15/26
(a) |
310,000 |
294,521 |
2.45%,
11/15/29
(a) |
100,000 |
90,654 |
3.13%,
11/15/49
(a) |
225,000 |
172,309 |
2.65%,
06/01/50
(a) |
165,000 |
114,476 |
Hoag
Memorial Hospital Presbyterian | ||
3.80%,
07/15/52
(a) |
175,000 |
145,497 |
Hormel
Foods Corp. | ||
1.70%,
06/03/28
(a) |
200,000 |
180,145 |
1.80%,
06/11/30
(a) |
250,000 |
212,952 |
3.05%,
06/03/51
(a) |
250,000 |
181,249 |
IHC
Health Services, Inc. | ||
4.13%,
05/15/48
(a) |
150,000 |
138,161 |
Illumina,
Inc. | ||
5.75%,
12/13/27
(a) |
150,000 |
154,252 |
2.55%,
03/23/31
(a) |
175,000 |
148,116 |
Indiana
University Health, Inc. Obligated Group | ||
3.97%,
11/01/48
(a) |
140,000 |
121,009 |
2.85%,
11/01/51
(a) |
50,000 |
34,541 |
Ingredion,
Inc. | ||
3.20%,
10/01/26
(a) |
150,000 |
143,635 |
2.90%,
06/01/30
(a) |
250,000 |
223,468 |
3.90%,
06/01/50
(a) |
100,000 |
74,206 |
Inova
Health System Foundation | ||
4.07%,
05/15/52
(a) |
150,000 |
131,638 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Integris
Baptist Medical Center, Inc. | ||
3.88%,
08/15/50
(a) |
150,000 |
116,283 |
Iowa
Health System | ||
Series
2020
3.67%,
02/15/50
(a) |
100,000 |
76,172 |
IQVIA,
Inc. | ||
5.70%,
05/15/28
(a)(d) |
200,000 |
204,211 |
6.25%,
02/01/29
(a)(d) |
200,000 |
208,958 |
J
M Smucker Co. | ||
3.50%,
03/15/25
|
350,000 |
343,465 |
5.90%,
11/15/28
(a) |
300,000 |
316,022 |
2.38%,
03/15/30
(a) |
200,000 |
172,968 |
2.13%,
03/15/32
(a) |
200,000 |
162,375 |
6.20%,
11/15/33
(a) |
300,000 |
327,486 |
4.25%,
03/15/35
|
200,000 |
186,511 |
6.50%,
11/15/43
(a) |
200,000 |
223,301 |
4.38%,
03/15/45
|
200,000 |
177,031 |
3.55%,
03/15/50
(a) |
100,000 |
73,879 |
6.50%,
11/15/53
(a) |
200,000 |
231,099 |
JBS
USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL | ||
6.75%,
03/15/34
(a)(d) |
500,000 |
526,485 |
7.25%,
11/15/53
(a)(d) |
200,000 |
218,137 |
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
2.50%,
01/15/27
(a) |
300,000 |
276,405 |
5.13%,
02/01/28
(a) |
250,000 |
249,070 |
5.50%,
01/15/30
(a) |
400,000 |
392,337 |
3.75%,
12/01/31
(a) |
200,000 |
172,329 |
3.63%,
01/15/32
(a) |
225,000 |
192,379 |
3.00%,
05/15/32
(a) |
500,000 |
407,294 |
5.75%,
04/01/33
(a) |
500,000 |
494,991 |
4.38%,
02/02/52
(a) |
375,000 |
278,418 |
6.50%,
12/01/52
(a) |
375,000 |
376,729 |
Johnson
& Johnson | ||
2.63%,
01/15/25
(a) |
220,000 |
215,380 |
0.55%,
09/01/25
(a) |
370,000 |
346,962 |
2.45%,
03/01/26
(a) |
500,000 |
480,969 |
2.95%,
03/03/27
(a) |
275,000 |
265,719 |
0.95%,
09/01/27
(a) |
450,000 |
402,003 |
2.90%,
01/15/28
(a) |
350,000 |
335,123 |
6.95%,
09/01/29
|
100,000 |
115,563 |
1.30%,
09/01/30
(a) |
575,000 |
483,155 |
4.95%,
05/15/33
|
100,000 |
108,136 |
4.38%,
12/05/33
(a) |
250,000 |
257,171 |
3.55%,
03/01/36
(a) |
317,000 |
293,507 |
3.63%,
03/03/37
(a) |
550,000 |
507,590 |
3.40%,
01/15/38
(a) |
300,000 |
266,255 |
5.85%,
07/15/38
|
232,000 |
265,955 |
2.10%,
09/01/40
(a) |
350,000 |
249,900 |
4.50%,
09/01/40
|
50,000 |
49,923 |
4.85%,
05/15/41
|
150,000 |
156,254 |
4.50%,
12/05/43
(a) |
200,000 |
200,290 |
3.70%,
03/01/46
(a) |
575,000 |
503,071 |
3.75%,
03/03/47
(a) |
300,000 |
264,733 |
3.50%,
01/15/48
(a) |
175,000 |
147,543 |
2.25%,
09/01/50
(a) |
375,000 |
248,138 |
2.45%,
09/01/60
(a) |
425,000 |
273,700 |
Kaiser
Foundation Hospitals | ||
3.15%,
05/01/27
(a) |
200,000 |
191,762 |
2.81%,
06/01/41
(a) |
400,000 |
300,491 |
4.88%,
04/01/42
|
50,000 |
49,311 |
4.15%,
05/01/47
(a) |
400,000 |
354,276 |
3.27%,
11/01/49
(a) |
300,000 |
225,852 |
3.00%,
06/01/51
(a) |
450,000 |
321,801 |
Kellanova | ||
3.25%,
04/01/26
|
200,000 |
193,961 |
4.30%,
05/15/28
(a) |
350,000 |
346,805 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.10%,
06/01/30
(a) |
250,000 |
215,035 |
7.45%,
04/01/31
|
200,000 |
229,301 |
4.50%,
04/01/46
|
246,000 |
220,802 |
Kenvue,
Inc. | ||
5.50%,
03/22/25
|
200,000 |
201,721 |
5.35%,
03/22/26
(a) |
200,000 |
203,530 |
5.05%,
03/22/28
(a) |
350,000 |
358,861 |
5.00%,
03/22/30
(a) |
200,000 |
207,130 |
4.90%,
03/22/33
(a) |
400,000 |
412,459 |
5.10%,
03/22/43
(a) |
260,000 |
270,830 |
5.05%,
03/22/53
(a) |
400,000 |
414,112 |
5.20%,
03/22/63
(a) |
200,000 |
209,612 |
Keurig
Dr Pepper, Inc. | ||
4.42%,
05/25/25
(a) |
150,000 |
148,549 |
3.40%,
11/15/25
(a) |
200,000 |
194,527 |
2.55%,
09/15/26
(a) |
150,000 |
141,801 |
3.43%,
06/15/27
(a) |
200,000 |
193,068 |
4.60%,
05/25/28
(a) |
400,000 |
401,088 |
3.20%,
05/01/30
(a) |
300,000 |
275,971 |
2.25%,
03/15/31
(a) |
250,000 |
213,807 |
4.50%,
11/15/45
(a) |
150,000 |
136,100 |
4.42%,
12/15/46
(a) |
200,000 |
178,040 |
5.09%,
05/25/48
(a) |
75,000 |
73,992 |
3.80%,
05/01/50
(a) |
295,000 |
239,516 |
4.50%,
04/15/52
(a) |
400,000 |
366,655 |
Kimberly-Clark
Corp. | ||
2.75%,
02/15/26
|
150,000 |
145,047 |
1.05%,
09/15/27
(a) |
200,000 |
178,638 |
3.95%,
11/01/28
(a) |
200,000 |
197,441 |
3.20%,
04/25/29
(a) |
200,000 |
189,796 |
3.10%,
03/26/30
(a) |
200,000 |
186,731 |
2.00%,
11/02/31
(a)(c) |
150,000 |
126,992 |
6.63%,
08/01/37
|
300,000 |
357,744 |
5.30%,
03/01/41
|
200,000 |
208,945 |
3.20%,
07/30/46
(a) |
150,000 |
115,146 |
3.90%,
05/04/47
(a) |
50,000 |
42,530 |
Koninklijke
Ahold Delhaize NV | ||
5.70%,
10/01/40
|
123,000 |
126,799 |
Koninklijke
Philips NV | ||
6.88%,
03/11/38
|
217,000 |
242,911 |
5.00%,
03/15/42
|
150,000 |
138,207 |
Kraft
Heinz Foods Co. | ||
3.00%,
06/01/26
(a) |
500,000 |
480,726 |
3.88%,
05/15/27
(a) |
400,000 |
392,556 |
4.63%,
01/30/29
(a) |
100,000 |
100,857 |
3.75%,
04/01/30
(a) |
250,000 |
239,203 |
4.25%,
03/01/31
(a) |
65,000 |
63,804 |
6.75%,
03/15/32
|
100,000 |
113,041 |
5.00%,
07/15/35
(a) |
300,000 |
302,234 |
6.88%,
01/26/39
|
175,000 |
202,942 |
4.63%,
10/01/39
(a) |
125,000 |
116,784 |
6.50%,
02/09/40
|
200,000 |
224,824 |
5.00%,
06/04/42
|
550,000 |
531,907 |
5.20%,
07/15/45
(a) |
525,000 |
514,958 |
4.38%,
06/01/46
(a) |
600,000 |
525,494 |
4.88%,
10/01/49
(a) |
300,000 |
284,717 |
5.50%,
06/01/50
(a) |
200,000 |
206,691 |
Kroger
Co. | ||
2.65%,
10/15/26
(a) |
200,000 |
189,233 |
3.70%,
08/01/27
(a) |
150,000 |
145,449 |
4.50%,
01/15/29
(a) |
200,000 |
198,938 |
2.20%,
05/01/30
(a) |
250,000 |
214,458 |
1.70%,
01/15/31
(a) |
200,000 |
162,072 |
7.50%,
04/01/31
|
100,000 |
114,946 |
6.90%,
04/15/38
|
190,000 |
216,777 |
5.40%,
07/15/40
(a) |
50,000 |
49,307 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.00%,
04/15/42
(a) |
100,000 |
94,072 |
5.15%,
08/01/43
(a) |
117,000 |
112,773 |
3.88%,
10/15/46
(a) |
110,000 |
86,864 |
4.45%,
02/01/47
(a) |
300,000 |
266,087 |
4.65%,
01/15/48
(a) |
150,000 |
134,811 |
5.40%,
01/15/49
(a) |
200,000 |
202,357 |
3.95%,
01/15/50
(a) |
120,000 |
98,254 |
Laboratory
Corp. of America Holdings | ||
3.60%,
02/01/25
(a) |
210,000 |
206,452 |
1.55%,
06/01/26
(a) |
96,000 |
88,736 |
3.60%,
09/01/27
(a) |
200,000 |
193,221 |
2.95%,
12/01/29
(a) |
250,000 |
225,352 |
2.70%,
06/01/31
(a) |
150,000 |
129,565 |
4.70%,
02/01/45
(a) |
250,000 |
230,984 |
Mass
General Brigham, Inc. | ||
3.77%,
07/01/48
(a) |
100,000 |
83,183 |
3.19%,
07/01/49
(a) |
140,000 |
103,895 |
4.12%,
07/01/55
|
100,000 |
85,986 |
3.34%,
07/01/60
(a) |
175,000 |
126,026 |
Mattel,
Inc. | ||
5.45%,
11/01/41
(a) |
200,000 |
179,468 |
Mayo
Clinic | ||
3.77%,
11/15/43
|
100,000 |
86,161 |
4.00%,
11/15/47
|
75,000 |
65,559 |
4.13%,
11/15/52
|
110,000 |
98,368 |
3.20%,
11/15/61
(a) |
150,000 |
105,598 |
McCormick
& Co., Inc. | ||
0.90%,
02/15/26
(a) |
150,000 |
138,229 |
3.40%,
08/15/27
(a) |
250,000 |
238,984 |
2.50%,
04/15/30
(a) |
200,000 |
175,390 |
4.20%,
08/15/47
(a) |
275,000 |
238,388 |
McKesson
Corp. | ||
0.90%,
12/03/25
(a) |
350,000 |
324,982 |
1.30%,
08/15/26
(a) |
400,000 |
368,130 |
3.95%,
02/16/28
(a) |
100,000 |
98,583 |
McLaren
Health Care Corp. | ||
Series
A
4.39%,
05/15/48
(a) |
150,000 |
130,637 |
Mead
Johnson Nutrition Co. | ||
4.13%,
11/15/25
(a) |
200,000 |
197,407 |
5.90%,
11/01/39
|
125,000 |
133,706 |
4.60%,
06/01/44
(a) |
175,000 |
164,240 |
MedStar
Health, Inc. | ||
3.63%,
08/15/49
|
100,000 |
76,306 |
Medtronic
Global Holdings SCA | ||
4.25%,
03/30/28
(a) |
250,000 |
249,247 |
4.50%,
03/30/33
(a) |
375,000 |
375,351 |
Medtronic,
Inc. | ||
4.38%,
03/15/35
|
550,000 |
537,407 |
4.63%,
03/15/45
|
500,000 |
487,366 |
Memorial
Health Services | ||
3.45%,
11/01/49
(a) |
100,000 |
76,317 |
Memorial
Sloan-Kettering Cancer Center | ||
5.00%,
07/01/42
|
130,000 |
130,244 |
2.96%,
01/01/50
(a) |
150,000 |
106,372 |
4.13%,
07/01/52
|
50,000 |
44,031 |
4.20%,
07/01/55
|
200,000 |
175,814 |
Merck
& Co., Inc. | ||
2.75%,
02/10/25
(a) |
800,000 |
782,453 |
0.75%,
02/24/26
(a) |
300,000 |
278,259 |
1.70%,
06/10/27
(a) |
450,000 |
413,051 |
1.90%,
12/10/28
(a) |
300,000 |
270,172 |
3.40%,
03/07/29
(a) |
505,000 |
485,176 |
4.30%,
05/17/30
(a) |
200,000 |
200,164 |
1.45%,
06/24/30
(a) |
350,000 |
293,023 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.15%,
12/10/31
(a) |
500,000 |
427,714 |
4.50%,
05/17/33
(a) |
400,000 |
403,082 |
6.50%,
12/01/33
(g) |
275,000 |
323,457 |
3.90%,
03/07/39
(a) |
250,000 |
227,505 |
2.35%,
06/24/40
(a) |
300,000 |
218,161 |
3.60%,
09/15/42
(a) |
175,000 |
148,871 |
4.15%,
05/18/43
|
350,000 |
322,388 |
4.90%,
05/17/44
(a) |
300,000 |
303,812 |
3.70%,
02/10/45
(a) |
500,000 |
425,655 |
4.00%,
03/07/49
(a) |
450,000 |
397,757 |
2.45%,
06/24/50
(a) |
470,000 |
310,700 |
2.75%,
12/10/51
(a) |
575,000 |
396,772 |
5.00%,
05/17/53
(a) |
400,000 |
411,901 |
2.90%,
12/10/61
(a) |
400,000 |
268,443 |
5.15%,
05/17/63
(a) |
300,000 |
313,888 |
Merck
Sharp & Dohme Corp. | ||
5.95%,
12/01/28
|
50,000 |
53,653 |
5.75%,
11/15/36
|
100,000 |
109,185 |
Methodist
Hospital | ||
2.71%,
12/01/50
(a) |
175,000 |
117,582 |
Molson
Coors Beverage Co. | ||
3.00%,
07/15/26
(a) |
590,000 |
565,351 |
5.00%,
05/01/42
|
300,000 |
290,349 |
4.20%,
07/15/46
(a) |
450,000 |
384,331 |
Mondelez
International, Inc. | ||
1.50%,
05/04/25
(a) |
250,000 |
238,519 |
2.63%,
03/17/27
(a) |
250,000 |
235,948 |
2.75%,
04/13/30
(a) |
275,000 |
248,718 |
1.50%,
02/04/31
(a) |
200,000 |
163,379 |
3.00%,
03/17/32
(a) |
250,000 |
222,047 |
1.88%,
10/15/32
(a)(c) |
225,000 |
183,458 |
2.63%,
09/04/50
(a) |
250,000 |
168,016 |
Montefiore
Obligated Group | ||
5.25%,
11/01/48
|
140,000 |
102,996 |
4.29%,
09/01/50
|
100,000 |
62,125 |
Mount
Nittany Medical Center Obligated Group | ||
3.80%,
11/15/52
|
125,000 |
99,391 |
Mount
Sinai Hospital | ||
3.98%,
07/01/48
|
100,000 |
82,680 |
3.74%,
07/01/49
(a) |
150,000 |
115,725 |
3.39%,
07/01/50
(a) |
125,000 |
88,023 |
MultiCare
Health System | ||
2.80%,
08/15/50
(a) |
125,000 |
77,504 |
Mylan,
Inc. | ||
4.55%,
04/15/28
(a) |
200,000 |
194,526 |
5.40%,
11/29/43
(a) |
150,000 |
130,322 |
5.20%,
04/15/48
(a) |
225,000 |
186,658 |
MyMichigan
Health | ||
3.41%,
06/01/50
(a) |
125,000 |
90,731 |
New
York & Presbyterian Hospital | ||
2.26%,
08/01/40
(a) |
150,000 |
103,551 |
4.02%,
08/01/45
|
100,000 |
86,557 |
4.06%,
08/01/56
|
100,000 |
84,973 |
2.61%,
08/01/60
(a) |
100,000 |
59,602 |
3.95%,
08/01/19
(a) |
175,000 |
129,696 |
Northwell
Healthcare, Inc. | ||
3.98%,
11/01/46
(a) |
150,000 |
121,944 |
4.26%,
11/01/47
(a) |
250,000 |
212,201 |
3.81%,
11/01/49
(a) |
125,000 |
96,590 |
Northwestern
Memorial Healthcare Obligated Group | ||
2.63%,
07/15/51
(a) |
125,000 |
83,735 |
Novant
Health, Inc. | ||
2.64%,
11/01/36
(a) |
150,000 |
115,893 |
3.17%,
11/01/51
(a) |
175,000 |
122,604 |
3.32%,
11/01/61
(a) |
125,000 |
84,769 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Novartis
Capital Corp. | ||
1.75%,
02/14/25
(a) |
350,000 |
338,906 |
3.00%,
11/20/25
(a) |
450,000 |
437,977 |
2.00%,
02/14/27
(a) |
200,000 |
187,459 |
3.10%,
05/17/27
(a) |
350,000 |
337,078 |
2.20%,
08/14/30
(a) |
470,000 |
414,257 |
3.70%,
09/21/42
|
100,000 |
87,212 |
4.40%,
05/06/44
|
625,000 |
599,740 |
4.00%,
11/20/45
(a) |
375,000 |
338,591 |
2.75%,
08/14/50
(a) |
350,000 |
253,041 |
NY
Society for Relief of Ruptured & Crippled Maintaining Hosp Special
Surgery | ||
Series
2020
2.67%,
10/01/50
(a) |
125,000 |
78,389 |
NYU
Langone Hospitals | ||
5.75%,
07/01/43
|
100,000 |
106,303 |
4.78%,
07/01/44
|
100,000 |
94,556 |
4.37%,
07/01/47
(a) |
155,000 |
139,260 |
3.38%,
07/01/55
(a) |
150,000 |
107,255 |
OhioHealth
Corp. | ||
2.30%,
11/15/31
(a) |
135,000 |
113,570 |
2.83%,
11/15/41
(a) |
50,000 |
37,244 |
3.04%,
11/15/50
(a) |
150,000 |
110,737 |
Orlando
Health Obligated Group | ||
4.09%,
10/01/48
(a) |
100,000 |
84,694 |
3.33%,
10/01/50
(a) |
100,000 |
74,703 |
PeaceHealth
Obligated Group | ||
1.38%,
11/15/25
(a) |
125,000 |
115,920 |
4.79%,
11/15/48
(a) |
175,000 |
154,364 |
3.22%,
11/15/50
(a) |
150,000 |
98,016 |
PepsiCo,
Inc. | ||
2.25%,
03/19/25
(a) |
400,000 |
388,850 |
2.75%,
04/30/25
(a) |
300,000 |
292,486 |
3.50%,
07/17/25
(a) |
200,000 |
196,854 |
5.25%,
11/10/25
|
300,000 |
304,815 |
4.55%,
02/13/26
(a) |
150,000 |
150,739 |
2.85%,
02/24/26
(a) |
300,000 |
290,245 |
2.38%,
10/06/26
(a) |
300,000 |
285,293 |
2.63%,
03/19/27
(a) |
250,000 |
237,402 |
3.00%,
10/15/27
(a) |
500,000 |
480,842 |
3.60%,
02/18/28
(a) |
300,000 |
294,100 |
7.00%,
03/01/29
|
200,000 |
224,696 |
2.63%,
07/29/29
(a) |
300,000 |
276,689 |
2.75%,
03/19/30
(a) |
500,000 |
459,591 |
1.63%,
05/01/30
(a) |
295,000 |
251,621 |
1.40%,
02/25/31
(a) |
200,000 |
165,441 |
1.95%,
10/21/31
(a) |
600,000 |
509,544 |
3.90%,
07/18/32
(a) |
350,000 |
343,025 |
3.50%,
03/19/40
(a) |
200,000 |
170,955 |
2.63%,
10/21/41
(a) |
50,000 |
37,733 |
4.00%,
03/05/42
|
250,000 |
227,250 |
3.60%,
08/13/42
|
145,000 |
123,170 |
4.45%,
04/14/46
(a) |
375,000 |
361,600 |
3.45%,
10/06/46
(a) |
200,000 |
165,693 |
4.00%,
05/02/47
(a) |
225,000 |
201,554 |
3.38%,
07/29/49
(a) |
250,000 |
200,066 |
2.88%,
10/15/49
(a) |
350,000 |
257,688 |
3.63%,
03/19/50
(a) |
300,000 |
252,405 |
2.75%,
10/21/51
(a) |
250,000 |
178,014 |
4.20%,
07/18/52
(a) |
50,000 |
46,402 |
3.88%,
03/19/60
(a) |
250,000 |
217,164 |
Pfizer
Investment Enterprises Pte. Ltd. | ||
4.65%,
05/19/25
|
750,000 |
748,423 |
4.45%,
05/19/26
(a) |
900,000 |
897,748 |
4.45%,
05/19/28
(a) |
1,100,000 |
1,100,560 |
4.65%,
05/19/30
(a) |
800,000 |
806,091 |
4.75%,
05/19/33
(a) |
1,350,000 |
1,352,655 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.11%,
05/19/43
(a) |
800,000 |
798,574 |
5.30%,
05/19/53
(a) |
1,600,000 |
1,636,278 |
5.34%,
05/19/63
(a) |
1,000,000 |
1,011,620 |
Pfizer,
Inc. | ||
0.80%,
05/28/25
(a) |
150,000 |
142,013 |
2.75%,
06/03/26
|
400,000 |
383,853 |
3.00%,
12/15/26
|
550,000 |
530,387 |
3.60%,
09/15/28
(a) |
300,000 |
292,404 |
3.45%,
03/15/29
(a) |
500,000 |
481,811 |
2.63%,
04/01/30
(a) |
350,000 |
315,866 |
1.70%,
05/28/30
(a) |
250,000 |
213,072 |
1.75%,
08/18/31
(a) |
300,000 |
249,433 |
4.00%,
12/15/36
|
250,000 |
236,076 |
4.10%,
09/15/38
(a) |
200,000 |
184,308 |
3.90%,
03/15/39
(a) |
300,000 |
266,298 |
7.20%,
03/15/39
|
650,000 |
806,979 |
2.55%,
05/28/40
(a) |
300,000 |
220,177 |
5.60%,
09/15/40
|
140,000 |
148,382 |
4.30%,
06/15/43
|
250,000 |
230,075 |
4.40%,
05/15/44
|
350,000 |
331,250 |
4.13%,
12/15/46
|
200,000 |
178,249 |
4.20%,
09/15/48
(a) |
300,000 |
271,638 |
4.00%,
03/15/49
(a) |
395,000 |
346,105 |
2.70%,
05/28/50
(a) |
250,000 |
174,222 |
Pharmacia
LLC | ||
6.60%,
12/01/28
(e) |
400,000 |
437,082 |
Philip
Morris International, Inc. | ||
1.50%,
05/01/25
(a) |
200,000 |
191,294 |
3.38%,
08/11/25
(a) |
150,000 |
146,512 |
5.00%,
11/17/25
|
300,000 |
301,515 |
4.88%,
02/13/26
|
700,000 |
702,341 |
2.75%,
02/25/26
(a) |
255,000 |
244,526 |
0.88%,
05/01/26
(a) |
250,000 |
229,104 |
3.13%,
08/17/27
(a) |
50,000 |
47,638 |
5.13%,
11/17/27
(a) |
500,000 |
509,307 |
4.88%,
02/15/28
(a) |
600,000 |
607,404 |
3.13%,
03/02/28
(a) |
250,000 |
236,443 |
5.25%,
09/07/28
(a) |
100,000 |
103,010 |
3.38%,
08/15/29
(a) |
200,000 |
187,634 |
5.63%,
11/17/29
(a) |
400,000 |
420,040 |
5.13%,
02/15/30
(a) |
600,000 |
610,918 |
2.10%,
05/01/30
(a) |
250,000 |
215,536 |
1.75%,
11/01/30
(a) |
250,000 |
206,191 |
5.75%,
11/17/32
(a) |
400,000 |
420,277 |
5.38%,
02/15/33
(a) |
450,000 |
462,357 |
6.38%,
05/16/38
|
530,000 |
593,325 |
4.38%,
11/15/41
|
250,000 |
222,213 |
4.50%,
03/20/42
|
250,000 |
225,015 |
3.88%,
08/21/42
|
250,000 |
205,343 |
4.13%,
03/04/43
|
250,000 |
212,454 |
4.88%,
11/15/43
|
310,000 |
292,643 |
4.25%,
11/10/44
|
350,000 |
301,046 |
Piedmont
Healthcare, Inc. | ||
2.04%,
01/01/32
(a) |
175,000 |
142,490 |
2.86%,
01/01/52
(a) |
75,000 |
50,095 |
Pilgrim's
Pride Corp. | ||
4.25%,
04/15/31
(a) |
300,000 |
271,234 |
3.50%,
03/01/32
(a) |
300,000 |
254,347 |
6.25%,
07/01/33
(a) |
250,000 |
257,540 |
Presbyterian
Healthcare Services | ||
4.88%,
08/01/52
(a) |
100,000 |
99,290 |
Procter
& Gamble Co. | ||
0.55%,
10/29/25
|
300,000 |
280,496 |
4.10%,
01/26/26
|
200,000 |
199,491 |
2.70%,
02/02/26
|
45,000 |
43,519 |
1.00%,
04/23/26
|
250,000 |
232,238 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.45%,
11/03/26
|
350,000 |
334,618 |
2.80%,
03/25/27
|
200,000 |
191,704 |
2.85%,
08/11/27
|
200,000 |
191,691 |
3.95%,
01/26/28
|
275,000 |
274,871 |
3.00%,
03/25/30
|
470,000 |
440,494 |
1.20%,
10/29/30
|
375,000 |
310,714 |
1.95%,
04/23/31
|
325,000 |
281,786 |
2.30%,
02/01/32
|
275,000 |
243,138 |
4.05%,
01/26/33
|
250,000 |
250,781 |
5.80%,
08/15/34
|
125,000 |
145,497 |
5.55%,
03/05/37
|
115,000 |
129,006 |
3.55%,
03/25/40
|
210,000 |
187,913 |
3.50%,
10/25/47
|
150,000 |
128,043 |
3.60%,
03/25/50
|
150,000 |
132,257 |
Providence
St Joseph Health Obligated Group | ||
2.53%,
10/01/29
(a) |
210,000 |
183,832 |
3.74%,
10/01/47
|
112,000 |
86,114 |
3.93%,
10/01/48
(a) |
200,000 |
155,816 |
2.70%,
10/01/51
(a) |
150,000 |
92,439 |
Queen's
Health Systems | ||
4.81%,
07/01/52
(a) |
100,000 |
96,166 |
Quest
Diagnostics, Inc. | ||
3.50%,
03/30/25
(a) |
225,000 |
220,342 |
3.45%,
06/01/26
(a) |
100,000 |
97,333 |
4.20%,
06/30/29
(a) |
350,000 |
343,707 |
2.95%,
06/30/30
(a) |
200,000 |
179,212 |
2.80%,
06/30/31
(a) |
200,000 |
174,951 |
4.70%,
03/30/45
(a) |
100,000 |
91,346 |
Rady
Children's Hospital-San Diego | ||
3.15%,
08/15/51
(a) |
75,000 |
53,989 |
Regeneron
Pharmaceuticals, Inc. | ||
1.75%,
09/15/30
(a) |
375,000 |
308,490 |
2.80%,
09/15/50
(a) |
250,000 |
165,717 |
Revvity,
Inc. | ||
1.90%,
09/15/28
(a) |
150,000 |
130,059 |
3.30%,
09/15/29
(a) |
250,000 |
227,097 |
2.55%,
03/15/31
(a) |
75,000 |
63,894 |
2.25%,
09/15/31
(a) |
200,000 |
164,902 |
3.63%,
03/15/51
(a) |
125,000 |
90,330 |
Reynolds
American, Inc. | ||
4.45%,
06/12/25
(a) |
650,000 |
642,902 |
5.70%,
08/15/35
(a) |
200,000 |
197,723 |
7.25%,
06/15/37
|
125,000 |
136,529 |
6.15%,
09/15/43
|
175,000 |
174,741 |
5.85%,
08/15/45
(a) |
670,000 |
632,186 |
Royalty
Pharma PLC | ||
1.20%,
09/02/25
(a) |
325,000 |
303,485 |
1.75%,
09/02/27
(a) |
300,000 |
269,441 |
2.20%,
09/02/30
(a) |
300,000 |
252,618 |
2.15%,
09/02/31
(a) |
175,000 |
143,326 |
3.30%,
09/02/40
(a) |
300,000 |
226,194 |
3.55%,
09/02/50
(a) |
250,000 |
178,206 |
3.35%,
09/02/51
(a) |
125,000 |
85,026 |
Rush
Obligated Group | ||
3.92%,
11/15/29
(a) |
150,000 |
143,119 |
RWJ
Barnabas Health, Inc. | ||
3.95%,
07/01/46
(a) |
175,000 |
145,409 |
3.48%,
07/01/49
(a) |
80,000 |
62,409 |
Sanofi
SA | ||
3.63%,
06/19/28
(a) |
275,000 |
269,814 |
Seattle
Children's Hospital | ||
2.72%,
10/01/50
(a) |
135,000 |
89,683 |
Sentara
Healthcare | ||
2.93%,
11/01/51
(a) |
100,000 |
68,542 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Sharp
HealthCare | ||
2.68%,
08/01/50
(a) |
100,000 |
65,751 |
Shire
Acquisitions Investments Ireland DAC | ||
3.20%,
09/23/26
(a) |
800,000 |
770,037 |
Smith
& Nephew PLC | ||
2.03%,
10/14/30
(a) |
270,000 |
223,515 |
Stanford
Health Care | ||
3.31%,
08/15/30
(a) |
50,000 |
46,029 |
3.80%,
11/15/48
(a) |
150,000 |
125,432 |
3.03%,
08/15/51
(a) |
150,000 |
106,496 |
STERIS
Irish FinCo UnLtd Co. | ||
2.70%,
03/15/31
(a) |
200,000 |
172,277 |
3.75%,
03/15/51
(a) |
200,000 |
155,308 |
Stryker
Corp. | ||
1.15%,
06/15/25
(a) |
200,000 |
189,277 |
3.38%,
11/01/25
(a) |
200,000 |
194,793 |
3.50%,
03/15/26
(a) |
240,000 |
234,249 |
3.65%,
03/07/28
(a) |
150,000 |
145,359 |
1.95%,
06/15/30
(a) |
300,000 |
256,905 |
4.10%,
04/01/43
(a) |
100,000 |
88,233 |
4.38%,
05/15/44
(a) |
155,000 |
142,376 |
4.63%,
03/15/46
(a) |
250,000 |
241,880 |
2.90%,
06/15/50
(a) |
200,000 |
145,257 |
Summa
Health | ||
3.51%,
11/15/51
(a) |
100,000 |
72,027 |
Sutter
Health | ||
1.32%,
08/15/25
(a) |
200,000 |
187,227 |
2.29%,
08/15/30
(a) |
250,000 |
213,852 |
3.16%,
08/15/40
(a) |
100,000 |
78,498 |
4.09%,
08/15/48
(a) |
330,000 |
287,666 |
3.36%,
08/15/50
(a) |
200,000 |
149,185 |
Sysco
Corp. | ||
3.75%,
10/01/25
(a) |
200,000 |
195,625 |
3.30%,
07/15/26
(a) |
250,000 |
241,696 |
3.25%,
07/15/27
(a) |
200,000 |
191,469 |
2.40%,
02/15/30
(a) |
200,000 |
176,534 |
5.95%,
04/01/30
(a) |
200,000 |
213,062 |
2.45%,
12/14/31
(a) |
150,000 |
127,114 |
5.38%,
09/21/35
|
200,000 |
206,050 |
6.60%,
04/01/40
(a) |
170,000 |
191,740 |
4.85%,
10/01/45
(a) |
175,000 |
161,977 |
4.50%,
04/01/46
(a) |
150,000 |
133,621 |
4.45%,
03/15/48
(a) |
175,000 |
154,415 |
3.30%,
02/15/50
(a) |
215,000 |
158,292 |
6.60%,
04/01/50
(a) |
431,000 |
505,554 |
Takeda
Pharmaceutical Co. Ltd. | ||
5.00%,
11/26/28
(a) |
500,000 |
507,783 |
2.05%,
03/31/30
(a) |
750,000 |
643,648 |
3.03%,
07/09/40
(a) |
450,000 |
346,650 |
3.18%,
07/09/50
(a) |
490,000 |
351,160 |
3.38%,
07/09/60
(a) |
300,000 |
210,926 |
Texas
Health Resources | ||
2.33%,
11/15/50
(a) |
100,000 |
60,963 |
4.33%,
11/15/55
|
100,000 |
90,561 |
Thermo
Fisher Scientific, Inc. | ||
4.95%,
08/10/26
(a) |
250,000 |
253,565 |
5.00%,
12/05/26
(a) |
300,000 |
304,926 |
1.75%,
10/15/28
(a) |
200,000 |
178,513 |
5.00%,
01/31/29
(a) |
300,000 |
308,209 |
2.60%,
10/01/29
(a) |
260,000 |
237,143 |
4.98%,
08/10/30
(a) |
250,000 |
256,376 |
2.00%,
10/15/31
(a) |
375,000 |
316,301 |
4.95%,
11/21/32
(a) |
200,000 |
206,555 |
5.09%,
08/10/33
(a) |
250,000 |
260,574 |
5.20%,
01/31/34
(a) |
200,000 |
209,993 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.80%,
10/15/41
(a) |
350,000 |
265,961 |
5.30%,
02/01/44
(a) |
98,000 |
102,099 |
4.10%,
08/15/47
(a) |
235,000 |
210,079 |
Toledo
Hospital | ||
5.75%,
11/15/38
(a) |
145,000 |
145,106 |
Trinity
Health Corp. | ||
2.63%,
12/01/40
(a) |
50,000 |
36,417 |
4.13%,
12/01/45
|
175,000 |
153,155 |
3.43%,
12/01/48
|
125,000 |
98,880 |
Tyson
Foods, Inc. | ||
4.00%,
03/01/26
(a) |
300,000 |
294,413 |
3.55%,
06/02/27
(a) |
300,000 |
286,607 |
4.35%,
03/01/29
(a) |
360,000 |
350,403 |
4.88%,
08/15/34
(a) |
250,000 |
242,845 |
5.15%,
08/15/44
(a) |
175,000 |
161,240 |
4.55%,
06/02/47
(a) |
250,000 |
210,172 |
5.10%,
09/28/48
(a) |
310,000 |
282,127 |
Unilever
Capital Corp. | ||
3.10%,
07/30/25
|
200,000 |
196,425 |
2.00%,
07/28/26
|
250,000 |
235,776 |
2.90%,
05/05/27
(a) |
345,000 |
329,580 |
3.50%,
03/22/28
(a) |
350,000 |
339,687 |
2.13%,
09/06/29
(a) |
200,000 |
178,512 |
1.38%,
09/14/30
(a) |
195,000 |
161,897 |
1.75%,
08/12/31
(a) |
300,000 |
249,646 |
5.90%,
11/15/32
|
325,000 |
362,531 |
5.00%,
12/08/33
(a) |
300,000 |
311,907 |
2.63%,
08/12/51
(a) |
300,000 |
206,717 |
Universal
Health Services, Inc. | ||
1.65%,
09/01/26
(a) |
200,000 |
182,179 |
2.65%,
10/15/30
(a) |
250,000 |
212,493 |
2.65%,
01/15/32
(a) |
150,000 |
123,461 |
UPMC | ||
3.60%,
04/03/25
|
295,000 |
288,586 |
Utah
Acquisition Sub, Inc. | ||
3.95%,
06/15/26
(a) |
550,000 |
532,754 |
5.25%,
06/15/46
(a) |
250,000 |
208,595 |
Viatris,
Inc. | ||
1.65%,
06/22/25
(a) |
100,000 |
94,727 |
2.30%,
06/22/27
(a) |
250,000 |
227,205 |
2.70%,
06/22/30
(a) |
500,000 |
424,072 |
3.85%,
06/22/40
(a) |
460,000 |
343,253 |
4.00%,
06/22/50
(a) |
575,000 |
405,621 |
West
Virginia United Health System Obligated Group | ||
3.13%,
06/01/50
(a) |
100,000 |
66,765 |
Whirlpool
Corp. | ||
3.70%,
05/01/25
|
100,000 |
97,845 |
4.75%,
02/26/29
(a) |
270,000 |
269,154 |
2.40%,
05/15/31
(a) |
100,000 |
83,968 |
4.50%,
06/01/46
(a) |
200,000 |
169,613 |
4.60%,
05/15/50
(a) |
150,000 |
126,853 |
Willis-Knighton
Medical Center | ||
4.81%,
09/01/48
(a) |
130,000 |
116,457 |
3.07%,
03/01/51
(a) |
125,000 |
80,773 |
Wyeth
LLC | ||
6.50%,
02/01/34
|
200,000 |
226,114 |
6.00%,
02/15/36
|
300,000 |
331,765 |
5.95%,
04/01/37
|
550,000 |
604,479 |
Yale-New
Haven Health Services Corp. | ||
2.50%,
07/01/50
(a) |
150,000 |
91,437 |
Zimmer
Biomet Holdings, Inc. | ||
3.55%,
04/01/25
(a) |
250,000 |
244,924 |
3.05%,
01/15/26
(a) |
150,000 |
144,925 |
2.60%,
11/24/31
(a) |
350,000 |
299,791 |
4.45%,
08/15/45
(a) |
149,000 |
133,605 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Zoetis,
Inc. | ||
4.50%,
11/13/25
(a) |
100,000 |
99,592 |
3.00%,
09/12/27
(a) |
300,000 |
285,061 |
3.90%,
08/20/28
(a) |
320,000 |
313,554 |
2.00%,
05/15/30
(a) |
500,000 |
431,538 |
4.70%,
02/01/43
(a) |
350,000 |
334,958 |
4.45%,
08/20/48
(a) |
150,000 |
137,125 |
3.00%,
05/15/50
(a) |
215,000 |
156,646 |
|
|
284,651,277 |
Energy
1.7%
| ||
Apache
Corp. | ||
4.38%,
10/15/28
(a) |
105,000 |
99,742 |
4.25%,
01/15/30
(a) |
125,000 |
117,842 |
6.00%,
01/15/37
|
125,000 |
123,242 |
5.10%,
09/01/40
(a) |
350,000 |
300,095 |
5.25%,
02/01/42
(a) |
100,000 |
84,315 |
4.75%,
04/15/43
(a) |
150,000 |
118,665 |
5.35%,
07/01/49
(a) |
300,000 |
249,622 |
Baker
Hughes Holdings LLC | ||
5.13%,
09/15/40
|
300,000 |
303,533 |
Baker
Hughes Holdings LLC/Baker Hughes Co.-Obligor,
Inc. | ||
2.06%,
12/15/26
(a) |
200,000 |
187,125 |
3.34%,
12/15/27
(a) |
400,000 |
383,054 |
3.14%,
11/07/29
(a) |
150,000 |
139,764 |
4.49%,
05/01/30
(a) |
200,000 |
200,572 |
4.08%,
12/15/47
(a) |
300,000 |
254,674 |
Boardwalk
Pipelines LP | ||
5.95%,
06/01/26
(a) |
150,000 |
152,231 |
4.45%,
07/15/27
(a) |
250,000 |
245,440 |
3.40%,
02/15/31
(a) |
350,000 |
314,091 |
BP
Capital Markets America, Inc. | ||
3.80%,
09/21/25
(a) |
200,000 |
197,371 |
3.41%,
02/11/26
(a) |
367,000 |
358,648 |
3.12%,
05/04/26
(a) |
300,000 |
290,471 |
3.02%,
01/16/27
(a) |
325,000 |
311,588 |
3.54%,
04/06/27
(a) |
150,000 |
146,131 |
3.59%,
04/14/27
(a) |
250,000 |
242,753 |
3.94%,
09/21/28
(a) |
325,000 |
318,670 |
4.23%,
11/06/28
(a) |
550,000 |
547,288 |
3.63%,
04/06/30
(a) |
200,000 |
191,783 |
1.75%,
08/10/30
(a) |
200,000 |
169,534 |
2.72%,
01/12/32
(a) |
600,000 |
523,836 |
4.81%,
02/13/33
(a) |
500,000 |
504,782 |
4.89%,
09/11/33
(a) |
400,000 |
407,353 |
3.06%,
06/17/41
(a) |
400,000 |
310,231 |
3.00%,
02/24/50
(a) |
775,000 |
552,620 |
2.77%,
11/10/50
(a) |
525,000 |
352,226 |
2.94%,
06/04/51
(a) |
650,000 |
451,051 |
3.00%,
03/17/52
(a) |
400,000 |
281,278 |
3.38%,
02/08/61
(a) |
525,000 |
380,570 |
BP
Capital Markets PLC | ||
3.28%,
09/19/27
(a) |
450,000 |
433,280 |
3.72%,
11/28/28
(a) |
250,000 |
242,769 |
Burlington
Resources LLC | ||
7.20%,
08/15/31
|
100,000 |
115,831 |
7.40%,
12/01/31
|
25,000 |
29,303 |
Canadian
Natural Resources Ltd. | ||
3.90%,
02/01/25
(a) |
100,000 |
98,404 |
2.05%,
07/15/25
(a) |
150,000 |
143,050 |
3.85%,
06/01/27
(a) |
200,000 |
194,297 |
2.95%,
07/15/30
(a) |
225,000 |
198,519 |
7.20%,
01/15/32
|
75,000 |
83,634 |
6.45%,
06/30/33
|
225,000 |
242,094 |
5.85%,
02/01/35
|
100,000 |
102,387 |
6.50%,
02/15/37
|
150,000 |
159,708 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.25%,
03/15/38
|
300,000 |
314,921 |
6.75%,
02/01/39
|
100,000 |
108,725 |
4.95%,
06/01/47
(a) |
250,000 |
227,307 |
Cenovus
Energy, Inc. | ||
4.25%,
04/15/27
(a) |
100,000 |
97,925 |
2.65%,
01/15/32
(a) |
100,000 |
83,111 |
5.25%,
06/15/37
(a) |
169,000 |
161,623 |
6.75%,
11/15/39
|
200,000 |
218,942 |
5.40%,
06/15/47
(a) |
175,000 |
165,759 |
3.75%,
02/15/52
(a) |
200,000 |
147,771 |
Cheniere
Corpus Christi Holdings LLC | ||
5.88%,
03/31/25
(a) |
425,000 |
426,167 |
5.13%,
06/30/27
(a) |
350,000 |
351,769 |
3.70%,
11/15/29
(a) |
325,000 |
307,699 |
2.74%,
12/31/39
(a) |
200,000 |
159,784 |
Cheniere
Energy Partners LP | ||
4.50%,
10/01/29
(a) |
450,000 |
430,062 |
4.00%,
03/01/31
(a) |
350,000 |
318,617 |
3.25%,
01/31/32
(a) |
385,000 |
328,320 |
5.95%,
06/30/33
(a)(d) |
400,000 |
410,880 |
Cheniere
Energy, Inc. | ||
4.63%,
10/15/28
(a) |
300,000 |
292,909 |
Chevron
Corp. | ||
1.55%,
05/11/25
(a) |
950,000 |
911,220 |
3.33%,
11/17/25
(a) |
50,000 |
49,053 |
2.95%,
05/16/26
(a) |
425,000 |
411,303 |
2.00%,
05/11/27
(a) |
100,000 |
92,919 |
2.24%,
05/11/30
(a) |
500,000 |
443,404 |
3.08%,
05/11/50
(a) |
310,000 |
234,800 |
Chevron
USA, Inc. | ||
0.69%,
08/12/25
(a) |
250,000 |
235,194 |
1.02%,
08/12/27
(a) |
250,000 |
222,844 |
3.85%,
01/15/28
(a) |
150,000 |
148,129 |
3.25%,
10/15/29
(a) |
50,000 |
47,536 |
6.00%,
03/01/41
(a) |
150,000 |
171,928 |
5.25%,
11/15/43
(a) |
100,000 |
105,646 |
2.34%,
08/12/50
(a) |
210,000 |
134,924 |
Columbia
Pipeline Group, Inc. | ||
4.50%,
06/01/25
(a) |
383,000 |
378,576 |
5.80%,
06/01/45
(a) |
100,000 |
100,050 |
ConocoPhillips
Co. | ||
2.40%,
03/07/25
(a) |
200,000 |
194,390 |
6.95%,
04/15/29
|
400,000 |
446,431 |
5.90%,
10/15/32
|
100,000 |
109,931 |
5.05%,
09/15/33
(a) |
300,000 |
309,097 |
6.50%,
02/01/39
|
500,000 |
580,317 |
3.76%,
03/15/42
(a) |
400,000 |
339,412 |
4.30%,
11/15/44
(a) |
200,000 |
179,716 |
4.88%,
10/01/47
(a) |
375,000 |
365,987 |
3.80%,
03/15/52
(a) |
300,000 |
243,245 |
5.30%,
05/15/53
(a) |
250,000 |
257,389 |
5.55%,
03/15/54
(a) |
150,000 |
159,725 |
4.03%,
03/15/62
(a) |
550,000 |
449,315 |
5.70%,
09/15/63
(a) |
150,000 |
162,467 |
Continental
Resources, Inc. | ||
4.38%,
01/15/28
(a) |
300,000 |
290,692 |
4.90%,
06/01/44
(a) |
200,000 |
162,048 |
Coterra
Energy, Inc. | ||
3.90%,
05/15/27
(a) |
200,000 |
193,541 |
4.38%,
03/15/29
(a) |
150,000 |
146,002 |
DCP
Midstream Operating LP | ||
5.38%,
07/15/25
(a) |
100,000 |
100,160 |
5.63%,
07/15/27
(a) |
200,000 |
205,137 |
5.13%,
05/15/29
(a) |
300,000 |
300,712 |
8.13%,
08/16/30
|
150,000 |
174,051 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.25%,
02/15/32
(a) |
200,000 |
173,848 |
5.60%,
04/01/44
(a) |
50,000 |
48,934 |
Devon
Energy Corp. | ||
5.85%,
12/15/25
(a) |
150,000 |
151,865 |
5.25%,
10/15/27
(a) |
100,000 |
100,867 |
5.88%,
06/15/28
(a)(d) |
150,000 |
151,510 |
4.50%,
01/15/30
(a) |
170,000 |
163,537 |
7.88%,
09/30/31
|
150,000 |
175,245 |
7.95%,
04/15/32
|
100,000 |
116,612 |
5.60%,
07/15/41
(a) |
250,000 |
242,219 |
4.75%,
05/15/42
(a) |
250,000 |
219,331 |
5.00%,
06/15/45
(a) |
250,000 |
221,819 |
Diamondback
Energy, Inc. | ||
3.25%,
12/01/26
(a) |
250,000 |
242,570 |
3.50%,
12/01/29
(a) |
300,000 |
279,174 |
3.13%,
03/24/31
(a) |
180,000 |
160,299 |
6.25%,
03/15/33
(a) |
300,000 |
321,367 |
4.40%,
03/24/51
(a) |
225,000 |
187,247 |
4.25%,
03/15/52
(a) |
150,000 |
121,276 |
6.25%,
03/15/53
(a) |
200,000 |
214,621 |
Eastern
Gas Transmission & Storage, Inc. | ||
3.00%,
11/15/29
(a) |
150,000 |
135,107 |
4.80%,
11/01/43
(a)(d) |
110,000 |
100,320 |
4.60%,
12/15/44
(a) |
225,000 |
192,772 |
Enbridge
Energy Partners LP | ||
5.88%,
10/15/25
(a) |
150,000 |
151,744 |
7.50%,
04/15/38
|
100,000 |
117,200 |
5.50%,
09/15/40
(a) |
200,000 |
197,291 |
7.38%,
10/15/45
(a) |
150,000 |
177,257 |
Enbridge,
Inc. | ||
2.50%,
02/14/25
|
150,000 |
145,463 |
5.97%,
03/08/26
(a) |
200,000 |
200,218 |
1.60%,
10/04/26
(a) |
150,000 |
137,453 |
5.90%,
11/15/26
(a) |
200,000 |
205,459 |
4.25%,
12/01/26
(a) |
300,000 |
296,530 |
3.70%,
07/15/27
(a) |
225,000 |
217,570 |
6.00%,
11/15/28
(a) |
200,000 |
210,276 |
3.13%,
11/15/29
(a) |
500,000 |
457,969 |
6.20%,
11/15/30
(a) |
200,000 |
214,135 |
5.70%,
03/08/33
(a) |
700,000 |
729,515 |
2.50%,
08/01/33
(a) |
425,000 |
348,248 |
4.50%,
06/10/44
(a) |
670,000 |
577,474 |
5.50%,
12/01/46
(a) |
150,000 |
148,376 |
4.00%,
11/15/49
(a) |
150,000 |
119,932 |
Energy
Transfer LP | ||
4.05%,
03/15/25
(a) |
200,000 |
196,937 |
2.90%,
05/15/25
(a) |
300,000 |
291,108 |
5.95%,
12/01/25
(a) |
125,000 |
126,516 |
4.75%,
01/15/26
(a) |
200,000 |
198,767 |
6.05%,
12/01/26
(a) |
350,000 |
359,892 |
4.40%,
03/15/27
(a) |
200,000 |
195,826 |
4.20%,
04/15/27
(a) |
250,000 |
243,219 |
5.50%,
06/01/27
(a) |
425,000 |
430,912 |
4.00%,
10/01/27
(a) |
200,000 |
193,054 |
5.55%,
02/15/28
(a) |
250,000 |
255,767 |
4.95%,
05/15/28
(a) |
250,000 |
249,270 |
4.95%,
06/15/28
(a) |
350,000 |
349,414 |
5.25%,
04/15/29
(a) |
500,000 |
504,147 |
4.15%,
09/15/29
(a) |
200,000 |
190,858 |
3.75%,
05/15/30
(a) |
250,000 |
232,203 |
6.40%,
12/01/30
(a) |
400,000 |
428,151 |
5.75%,
02/15/33
(a) |
425,000 |
439,776 |
6.55%,
12/01/33
(a) |
400,000 |
434,578 |
4.90%,
03/15/35
(a) |
275,000 |
262,440 |
6.63%,
10/15/36
|
225,000 |
242,894 |
7.50%,
07/01/38
|
150,000 |
174,129 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.05%,
06/01/41
(a) |
200,000 |
202,040 |
6.50%,
02/01/42
(a) |
350,000 |
370,837 |
6.10%,
02/15/42
|
100,000 |
100,852 |
4.95%,
01/15/43
(a) |
100,000 |
87,730 |
5.15%,
02/01/43
(a) |
150,000 |
134,009 |
5.95%,
10/01/43
(a) |
148,000 |
147,088 |
5.30%,
04/01/44
(a) |
150,000 |
138,587 |
5.00%,
05/15/44
(a) |
75,000 |
66,151 |
5.15%,
03/15/45
(a) |
300,000 |
275,725 |
5.35%,
05/15/45
(a) |
100,000 |
93,152 |
6.13%,
12/15/45
(a) |
300,000 |
304,050 |
5.30%,
04/15/47
(a) |
250,000 |
230,587 |
5.40%,
10/01/47
(a) |
400,000 |
373,924 |
6.00%,
06/15/48
(a) |
300,000 |
303,457 |
6.25%,
04/15/49
(a) |
500,000 |
518,954 |
5.00%,
05/15/50
(a) |
550,000 |
492,247 |
Eni
USA, Inc. | ||
7.30%,
11/15/27
|
100,000 |
107,684 |
Enterprise
Products Operating LLC | ||
3.75%,
02/15/25
(a) |
400,000 |
394,876 |
5.05%,
01/10/26
|
200,000 |
202,036 |
3.70%,
02/15/26
(a) |
150,000 |
147,951 |
3.95%,
02/15/27
(a) |
25,000 |
24,631 |
4.15%,
10/16/28
(a) |
300,000 |
296,777 |
3.13%,
07/31/29
(a) |
450,000 |
421,377 |
2.80%,
01/31/30
(a) |
400,000 |
362,581 |
6.88%,
03/01/33
|
150,000 |
172,819 |
6.65%,
10/15/34
|
100,000 |
114,862 |
7.55%,
04/15/38
|
150,000 |
184,259 |
6.13%,
10/15/39
|
225,000 |
246,445 |
6.45%,
09/01/40
|
170,000 |
192,948 |
5.95%,
02/01/41
|
200,000 |
215,757 |
5.70%,
02/15/42
|
175,000 |
184,776 |
4.85%,
08/15/42
(a) |
200,000 |
192,142 |
4.45%,
02/15/43
(a) |
300,000 |
274,966 |
4.85%,
03/15/44
(a) |
400,000 |
385,573 |
5.10%,
02/15/45
(a) |
350,000 |
345,585 |
4.90%,
05/15/46
(a) |
250,000 |
239,173 |
4.25%,
02/15/48
(a) |
350,000 |
308,666 |
4.80%,
02/01/49
(a) |
400,000 |
380,165 |
4.20%,
01/31/50
(a) |
400,000 |
348,102 |
3.70%,
01/31/51
(a) |
325,000 |
259,779 |
3.20%,
02/15/52
(a) |
350,000 |
256,367 |
3.30%,
02/15/53
(a) |
100,000 |
74,428 |
4.95%,
10/15/54
(a) |
125,000 |
121,126 |
3.95%,
01/31/60
(a) |
325,000 |
265,287 |
5.25%,
08/16/77
(a)(b) |
300,000 |
288,445 |
5.38%,
02/15/78
(a)(b) |
210,000 |
188,629 |
EOG
Resources, Inc. | ||
3.15%,
04/01/25
(a) |
150,000 |
147,156 |
4.15%,
01/15/26
(a) |
250,000 |
247,853 |
4.38%,
04/15/30
(a) |
250,000 |
249,659 |
3.90%,
04/01/35
(a) |
165,000 |
152,015 |
4.95%,
04/15/50
(a) |
100,000 |
98,918 |
EQT
Corp. | ||
6.63%,
02/01/25
(a)(g) |
150,000 |
150,622 |
3.90%,
10/01/27
(a) |
350,000 |
335,389 |
5.70%,
04/01/28
(a) |
150,000 |
152,717 |
5.00%,
01/15/29
(a) |
100,000 |
99,438 |
7.50%,
02/01/30
(a)(g) |
200,000 |
215,110 |
Exxon
Mobil Corp. | ||
2.71%,
03/06/25
(a) |
500,000 |
488,682 |
2.99%,
03/19/25
(a) |
800,000 |
783,978 |
3.04%,
03/01/26
(a) |
750,000 |
728,774 |
2.28%,
08/16/26
(a) |
300,000 |
285,631 |
3.29%,
03/19/27
(a) |
300,000 |
291,406 |
2.44%,
08/16/29
(a) |
250,000 |
227,711 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.48%,
03/19/30
(a) |
550,000 |
523,528 |
2.61%,
10/15/30
(a) |
600,000 |
536,115 |
3.00%,
08/16/39
(a) |
150,000 |
120,702 |
4.23%,
03/19/40
(a) |
550,000 |
511,412 |
3.57%,
03/06/45
(a) |
300,000 |
247,426 |
4.11%,
03/01/46
(a) |
750,000 |
668,903 |
3.10%,
08/16/49
(a) |
475,000 |
353,589 |
4.33%,
03/19/50
(a) |
675,000 |
616,857 |
3.45%,
04/15/51
(a) |
750,000 |
590,136 |
Halliburton
Co. | ||
2.92%,
03/01/30
(a) |
300,000 |
270,305 |
4.85%,
11/15/35
(a) |
375,000 |
369,598 |
6.70%,
09/15/38
|
350,000 |
410,324 |
7.45%,
09/15/39
|
300,000 |
375,968 |
4.75%,
08/01/43
(a) |
200,000 |
188,357 |
5.00%,
11/15/45
(a) |
650,000 |
631,402 |
Helmerich
& Payne, Inc. | ||
2.90%,
09/29/31
(a) |
200,000 |
168,383 |
Hess
Corp. | ||
4.30%,
04/01/27
(a) |
200,000 |
198,102 |
7.88%,
10/01/29
|
175,000 |
201,379 |
7.30%,
08/15/31
|
163,000 |
188,694 |
7.13%,
03/15/33
|
160,000 |
185,690 |
6.00%,
01/15/40
|
225,000 |
245,258 |
5.60%,
02/15/41
|
375,000 |
394,575 |
5.80%,
04/01/47
(a) |
150,000 |
162,135 |
HF
Sinclair Corp. | ||
5.88%,
04/01/26
(a) |
200,000 |
202,261 |
4.50%,
10/01/30
(a) |
125,000 |
117,233 |
Kinder
Morgan Energy Partners LP | ||
7.40%,
03/15/31
|
100,000 |
112,183 |
7.75%,
03/15/32
|
100,000 |
113,974 |
7.30%,
08/15/33
|
125,000 |
142,277 |
5.80%,
03/15/35
|
150,000 |
153,367 |
6.50%,
02/01/37
|
250,000 |
264,357 |
6.95%,
01/15/38
|
350,000 |
385,464 |
6.50%,
09/01/39
|
200,000 |
210,969 |
6.55%,
09/15/40
|
150,000 |
159,418 |
7.50%,
11/15/40
|
150,000 |
170,250 |
6.38%,
03/01/41
|
285,000 |
293,596 |
5.63%,
09/01/41
|
100,000 |
96,062 |
5.00%,
08/15/42
(a) |
100,000 |
90,293 |
4.70%,
11/01/42
(a) |
100,000 |
85,936 |
5.00%,
03/01/43
(a) |
350,000 |
314,417 |
5.50%,
03/01/44
(a) |
290,000 |
276,319 |
5.40%,
09/01/44
(a) |
100,000 |
94,129 |
Kinder
Morgan, Inc. | ||
4.30%,
06/01/25
(a) |
650,000 |
642,521 |
4.30%,
03/01/28
(a) |
390,000 |
385,442 |
2.00%,
02/15/31
(a) |
375,000 |
312,007 |
7.80%,
08/01/31
|
250,000 |
286,742 |
7.75%,
01/15/32
|
250,000 |
286,461 |
4.80%,
02/01/33
(a) |
250,000 |
241,349 |
5.20%,
06/01/33
(a) |
100,000 |
99,555 |
5.30%,
12/01/34
(a) |
150,000 |
149,570 |
5.55%,
06/01/45
(a) |
525,000 |
507,433 |
5.05%,
02/15/46
(a) |
150,000 |
134,633 |
5.20%,
03/01/48
(a) |
246,000 |
226,562 |
3.25%,
08/01/50
(a) |
275,000 |
184,760 |
5.45%,
08/01/52
(a) |
225,000 |
216,206 |
Magellan
Midstream Partners LP | ||
3.25%,
06/01/30
(a) |
250,000 |
227,279 |
5.15%,
10/15/43
(a) |
200,000 |
188,066 |
4.25%,
09/15/46
(a) |
150,000 |
121,499 |
4.20%,
10/03/47
(a) |
150,000 |
119,915 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.85%,
02/01/49
(a) |
174,000 |
154,876 |
3.95%,
03/01/50
(a) |
250,000 |
192,176 |
Marathon
Oil Corp. | ||
4.40%,
07/15/27
(a) |
300,000 |
293,095 |
6.80%,
03/15/32
|
88,000 |
95,565 |
6.60%,
10/01/37
|
250,000 |
265,323 |
5.20%,
06/01/45
(a) |
150,000 |
133,753 |
Marathon
Petroleum Corp. | ||
4.70%,
05/01/25
(a) |
300,000 |
298,074 |
5.13%,
12/15/26
(a) |
200,000 |
202,466 |
3.80%,
04/01/28
(a) |
100,000 |
95,727 |
6.50%,
03/01/41
(a) |
425,000 |
458,328 |
4.75%,
09/15/44
(a) |
275,000 |
247,094 |
4.50%,
04/01/48
(a) |
100,000 |
84,305 |
5.00%,
09/15/54
(a) |
125,000 |
110,553 |
MPLX
LP | ||
4.00%,
02/15/25
(a) |
150,000 |
147,840 |
4.88%,
06/01/25
(a) |
350,000 |
347,972 |
1.75%,
03/01/26
(a) |
450,000 |
421,302 |
4.13%,
03/01/27
(a) |
400,000 |
392,031 |
4.25%,
12/01/27
(a) |
246,000 |
240,622 |
4.00%,
03/15/28
(a) |
275,000 |
265,731 |
4.80%,
02/15/29
(a) |
250,000 |
248,703 |
2.65%,
08/15/30
(a) |
450,000 |
388,903 |
4.95%,
09/01/32
(a) |
275,000 |
269,788 |
5.00%,
03/01/33
(a) |
300,000 |
294,406 |
4.50%,
04/15/38
(a) |
500,000 |
445,438 |
5.20%,
03/01/47
(a) |
300,000 |
279,170 |
5.20%,
12/01/47
(a) |
100,000 |
92,073 |
4.70%,
04/15/48
(a) |
675,000 |
584,671 |
5.50%,
02/15/49
(a) |
425,000 |
412,229 |
4.95%,
03/14/52
(a) |
400,000 |
357,495 |
4.90%,
04/15/58
(a) |
200,000 |
170,920 |
National
Fuel Gas Co. | ||
5.20%,
07/15/25
(a) |
150,000 |
149,403 |
5.50%,
01/15/26
(a) |
150,000 |
150,242 |
3.95%,
09/15/27
(a) |
200,000 |
190,688 |
4.75%,
09/01/28
(a) |
100,000 |
97,338 |
2.95%,
03/01/31
(a) |
70,000 |
58,875 |
Northwest
Pipeline LLC | ||
4.00%,
04/01/27
(a) |
250,000 |
247,433 |
NOV,
Inc. | ||
3.60%,
12/01/29
(a) |
150,000 |
138,983 |
3.95%,
12/01/42
(a) |
300,000 |
232,669 |
Occidental
Petroleum Corp. | ||
5.88%,
09/01/25
(a) |
200,000 |
201,470 |
5.55%,
03/15/26
(a) |
200,000 |
201,703 |
8.50%,
07/15/27
(a) |
250,000 |
272,928 |
8.88%,
07/15/30
(a) |
350,000 |
409,920 |
6.63%,
09/01/30
(a) |
500,000 |
532,355 |
6.13%,
01/01/31
(a) |
400,000 |
416,159 |
7.50%,
05/01/31
|
250,000 |
280,626 |
7.88%,
09/15/31
|
150,000 |
170,809 |
6.45%,
09/15/36
|
300,000 |
318,315 |
7.95%,
06/15/39
|
195,000 |
227,682 |
6.20%,
03/15/40
|
200,000 |
206,268 |
6.60%,
03/15/46
(a) |
200,000 |
216,164 |
4.40%,
04/15/46
(a) |
150,000 |
122,863 |
4.20%,
03/15/48
(a) |
150,000 |
117,968 |
ONEOK
Partners LP | ||
4.90%,
03/15/25
(a) |
175,000 |
174,201 |
6.65%,
10/01/36
|
210,000 |
229,474 |
6.85%,
10/15/37
|
175,000 |
193,454 |
6.13%,
02/01/41
(a) |
200,000 |
209,420 |
6.20%,
09/15/43
(a) |
150,000 |
158,809 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
ONEOK,
Inc. | ||
2.20%,
09/15/25
(a) |
150,000 |
142,829 |
5.85%,
01/15/26
(a) |
200,000 |
203,239 |
5.55%,
11/01/26
(a) |
250,000 |
254,576 |
4.00%,
07/13/27
(a) |
150,000 |
145,807 |
4.55%,
07/15/28
(a) |
225,000 |
222,252 |
4.35%,
03/15/29
(a) |
200,000 |
194,591 |
3.40%,
09/01/29
(a) |
250,000 |
230,640 |
3.10%,
03/15/30
(a) |
250,000 |
225,038 |
6.35%,
01/15/31
(a) |
200,000 |
213,973 |
6.10%,
11/15/32
(a) |
500,000 |
532,136 |
6.00%,
06/15/35
|
100,000 |
103,310 |
4.95%,
07/13/47
(a) |
225,000 |
202,529 |
5.20%,
07/15/48
(a) |
300,000 |
282,068 |
4.45%,
09/01/49
(a) |
200,000 |
168,412 |
4.50%,
03/15/50
(a) |
75,000 |
63,029 |
7.15%,
01/15/51
(a) |
150,000 |
173,169 |
6.63%,
09/01/53
(a) |
500,000 |
561,881 |
Ovintiv,
Inc. | ||
5.38%,
01/01/26
(a) |
150,000 |
150,184 |
5.65%,
05/15/28
(a) |
200,000 |
204,301 |
7.20%,
11/01/31
|
200,000 |
218,059 |
7.38%,
11/01/31
|
200,000 |
220,893 |
6.25%,
07/15/33
(a) |
200,000 |
207,104 |
6.50%,
08/15/34
|
250,000 |
266,738 |
6.63%,
08/15/37
|
100,000 |
103,954 |
6.50%,
02/01/38
|
200,000 |
207,045 |
Patterson-UTI
Energy, Inc. | ||
5.15%,
11/15/29
(a) |
250,000 |
239,576 |
7.15%,
10/01/33
(a) |
50,000 |
53,028 |
Phillips
66 | ||
3.85%,
04/09/25
(a) |
200,000 |
196,895 |
1.30%,
02/15/26
(a) |
200,000 |
185,781 |
3.90%,
03/15/28
(a) |
200,000 |
194,868 |
2.15%,
12/15/30
(a) |
250,000 |
211,136 |
4.65%,
11/15/34
(a) |
150,000 |
146,254 |
5.88%,
05/01/42
|
400,000 |
433,545 |
4.88%,
11/15/44
(a) |
425,000 |
408,487 |
3.30%,
03/15/52
(a) |
300,000 |
215,454 |
Phillips
66 Co. | ||
3.61%,
02/15/25
(a) |
200,000 |
196,596 |
4.95%,
12/01/27
(a) |
200,000 |
202,073 |
3.75%,
03/01/28
(a) |
275,000 |
264,977 |
3.15%,
12/15/29
(a) |
325,000 |
300,074 |
4.68%,
02/15/45
(a) |
185,000 |
169,048 |
4.90%,
10/01/46
(a) |
175,000 |
164,263 |
Pioneer
Natural Resources Co. | ||
1.13%,
01/15/26
(a) |
250,000 |
232,416 |
5.10%,
03/29/26
|
300,000 |
302,237 |
1.90%,
08/15/30
(a) |
300,000 |
255,475 |
2.15%,
01/15/31
(a) |
250,000 |
213,279 |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
4.65%,
10/15/25
(a) |
350,000 |
346,351 |
4.50%,
12/15/26
(a) |
210,000 |
207,655 |
3.55%,
12/15/29
(a) |
150,000 |
138,158 |
3.80%,
09/15/30
(a) |
200,000 |
184,411 |
6.65%,
01/15/37
|
250,000 |
269,092 |
5.15%,
06/01/42
(a) |
150,000 |
136,188 |
4.30%,
01/31/43
(a) |
200,000 |
160,516 |
4.70%,
06/15/44
(a) |
100,000 |
83,973 |
4.90%,
02/15/45
(a) |
200,000 |
173,303 |
Sabine
Pass Liquefaction LLC | ||
5.63%,
03/01/25
(a) |
550,000 |
551,130 |
5.88%,
06/30/26
(a) |
500,000 |
509,078 |
5.00%,
03/15/27
(a) |
420,000 |
422,102 |
4.20%,
03/15/28
(a) |
450,000 |
441,191 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.50%,
05/15/30
(a) |
525,000 |
514,322 |
5.90%,
09/15/37
(a) |
150,000 |
158,781 |
Schlumberger
Finance Canada Ltd. | ||
1.40%,
09/17/25
(a) |
200,000 |
189,557 |
Schlumberger
Investment SA | ||
4.50%,
05/15/28
(a) |
200,000 |
202,343 |
2.65%,
06/26/30
(a) |
225,000 |
202,341 |
Shell
International Finance BV | ||
3.25%,
05/11/25
|
800,000 |
785,200 |
2.88%,
05/10/26
|
500,000 |
481,822 |
2.50%,
09/12/26
|
300,000 |
285,771 |
3.88%,
11/13/28
(a) |
500,000 |
492,846 |
2.38%,
11/07/29
(a) |
400,000 |
360,300 |
2.75%,
04/06/30
(a) |
500,000 |
457,696 |
4.13%,
05/11/35
|
450,000 |
430,255 |
6.38%,
12/15/38
|
700,000 |
806,813 |
5.50%,
03/25/40
|
25,000 |
26,711 |
2.88%,
11/26/41
(a) |
125,000 |
94,817 |
3.63%,
08/21/42
|
250,000 |
211,926 |
4.55%,
08/12/43
|
375,000 |
355,341 |
4.38%,
05/11/45
|
825,000 |
757,741 |
4.00%,
05/10/46
|
725,000 |
629,738 |
3.75%,
09/12/46
|
400,000 |
332,843 |
3.13%,
11/07/49
(a) |
500,000 |
369,115 |
3.25%,
04/06/50
(a) |
650,000 |
489,648 |
3.00%,
11/26/51
(a) |
275,000 |
196,915 |
Spectra
Energy Partners LP | ||
3.50%,
03/15/25
(a) |
185,000 |
181,039 |
3.38%,
10/15/26
(a) |
150,000 |
144,538 |
5.95%,
09/25/43
(a) |
200,000 |
205,034 |
4.50%,
03/15/45
(a) |
100,000 |
85,855 |
Suncor
Energy, Inc. | ||
5.95%,
12/01/34
|
150,000 |
157,425 |
6.80%,
05/15/38
|
235,000 |
257,698 |
6.50%,
06/15/38
|
500,000 |
535,859 |
6.85%,
06/01/39
|
150,000 |
165,625 |
4.00%,
11/15/47
(a) |
350,000 |
277,790 |
3.75%,
03/04/51
(a) |
200,000 |
150,500 |
Targa
Resources Corp. | ||
5.20%,
07/01/27
(a) |
225,000 |
226,379 |
6.15%,
03/01/29
(a) |
250,000 |
261,774 |
4.20%,
02/01/33
(a) |
250,000 |
230,566 |
6.13%,
03/15/33
(a) |
250,000 |
264,004 |
6.50%,
03/30/34
(a) |
250,000 |
270,644 |
4.95%,
04/15/52
(a) |
225,000 |
198,002 |
6.25%,
07/01/52
(a) |
150,000 |
155,580 |
6.50%,
02/15/53
(a) |
250,000 |
270,893 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
6.50%,
07/15/27
(a) |
450,000 |
457,347 |
5.50%,
03/01/30
(a) |
200,000 |
199,985 |
4.88%,
02/01/31
(a) |
450,000 |
437,349 |
4.00%,
01/15/32
(a) |
400,000 |
364,792 |
TC
PipeLines LP | ||
4.38%,
03/13/25
(a) |
200,000 |
197,637 |
3.90%,
05/25/27
(a) |
100,000 |
96,105 |
Tennessee
Gas Pipeline Co. LLC | ||
7.00%,
03/15/27
|
100,000 |
105,628 |
Tosco
Corp. | ||
8.13%,
02/15/30
|
200,000 |
235,898 |
TotalEnergies
Capital International SA | ||
2.43%,
01/10/25
(a) |
600,000 |
585,564 |
3.46%,
02/19/29
(a) |
356,000 |
343,769 |
2.83%,
01/10/30
(a) |
300,000 |
276,277 |
2.99%,
06/29/41
(a) |
250,000 |
195,206 |
3.46%,
07/12/49
(a) |
300,000 |
237,411 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.13%,
05/29/50
(a) |
700,000 |
515,411 |
3.39%,
06/29/60
(a) |
250,000 |
186,526 |
TotalEnergies
Capital SA | ||
3.88%,
10/11/28
|
275,000 |
270,238 |
TransCanada
PipeLines Ltd. | ||
4.88%,
01/15/26
(a) |
335,000 |
334,329 |
4.25%,
05/15/28
(a) |
575,000 |
560,617 |
4.10%,
04/15/30
(a) |
150,000 |
142,778 |
2.50%,
10/12/31
(a) |
150,000 |
125,646 |
4.63%,
03/01/34
(a) |
400,000 |
379,070 |
5.85%,
03/15/36
|
150,000 |
155,495 |
6.20%,
10/15/37
|
275,000 |
293,645 |
4.75%,
05/15/38
(a) |
170,000 |
157,745 |
7.25%,
08/15/38
|
200,000 |
233,457 |
7.63%,
01/15/39
|
350,000 |
420,128 |
6.10%,
06/01/40
|
250,000 |
264,546 |
5.00%,
10/16/43
(a) |
210,000 |
197,364 |
4.88%,
05/15/48
(a) |
300,000 |
275,472 |
5.10%,
03/15/49
(a) |
300,000 |
287,812 |
Transcontinental
Gas Pipe Line Co. LLC | ||
7.85%,
02/01/26
(a) |
250,000 |
262,227 |
4.00%,
03/15/28
(a) |
150,000 |
145,600 |
3.25%,
05/15/30
(a) |
250,000 |
227,211 |
5.40%,
08/15/41
(a) |
125,000 |
124,492 |
4.45%,
08/01/42
(a) |
125,000 |
110,757 |
4.60%,
03/15/48
(a) |
150,000 |
135,937 |
Valero
Energy Corp. | ||
2.15%,
09/15/27
(a) |
200,000 |
182,924 |
4.35%,
06/01/28
(a) |
150,000 |
148,051 |
4.00%,
04/01/29
(a) |
150,000 |
144,634 |
2.80%,
12/01/31
(a) |
375,000 |
319,875 |
7.50%,
04/15/32
|
175,000 |
202,396 |
6.63%,
06/15/37
|
400,000 |
439,351 |
4.90%,
03/15/45
|
200,000 |
185,481 |
3.65%,
12/01/51
(a) |
225,000 |
164,430 |
4.00%,
06/01/52
(a) |
185,000 |
143,776 |
Valero
Energy Partners LP | ||
4.50%,
03/15/28
(a) |
150,000 |
147,600 |
Western
Midstream Operating LP | ||
3.10%,
02/01/25
(a)(e) |
200,000 |
194,917 |
3.95%,
06/01/25
(a) |
100,000 |
97,777 |
4.65%,
07/01/26
(a) |
250,000 |
245,931 |
4.50%,
03/01/28
(a) |
150,000 |
145,382 |
4.75%,
08/15/28
(a) |
200,000 |
195,746 |
4.05%,
02/01/30
(a) |
400,000 |
375,161 |
5.45%,
04/01/44
(a) |
375,000 |
340,508 |
5.30%,
03/01/48
(a) |
125,000 |
109,575 |
5.50%,
08/15/48
(a) |
135,000 |
120,394 |
5.25%,
02/01/50
(a) |
300,000 |
268,412 |
Williams
Cos., Inc. | ||
3.90%,
01/15/25
(a) |
237,000 |
233,403 |
4.00%,
09/15/25
(a) |
200,000 |
196,474 |
3.75%,
06/15/27
(a) |
500,000 |
482,337 |
5.30%,
08/15/28
(a) |
250,000 |
256,196 |
3.50%,
11/15/30
(a) |
350,000 |
320,955 |
7.50%,
01/15/31
|
200,000 |
226,436 |
2.60%,
03/15/31
(a) |
500,000 |
428,343 |
8.75%,
03/15/32
|
150,000 |
182,367 |
4.65%,
08/15/32
(a) |
25,000 |
24,464 |
5.65%,
03/15/33
(a) |
150,000 |
156,911 |
6.30%,
04/15/40
|
275,000 |
294,326 |
5.80%,
11/15/43
(a) |
150,000 |
151,650 |
5.40%,
03/04/44
(a) |
210,000 |
205,473 |
5.75%,
06/24/44
(a) |
200,000 |
202,239 |
4.90%,
01/15/45
(a) |
175,000 |
159,754 |
5.10%,
09/15/45
(a) |
300,000 |
282,999 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.85%,
03/01/48
(a) |
250,000 |
228,040 |
3.50%,
10/15/51
(a) |
225,000 |
165,079 |
5.30%,
08/15/52
(a) |
225,000 |
218,550 |
|
|
129,924,611 |
Industrial
Other 0.1%
| ||
American
University | ||
3.67%,
04/01/49
|
200,000 |
163,480 |
California
Institute of Technology | ||
4.32%,
08/01/45
|
100,000 |
93,345 |
4.70%,
11/01/11
|
125,000 |
112,928 |
3.65%,
09/01/19
(a) |
150,000 |
107,670 |
Case
Western Reserve University | ||
5.41%,
06/01/22
(a) |
100,000 |
100,447 |
Cintas
Corp. No. 2 | ||
3.45%,
05/01/25
(a) |
50,000 |
49,111 |
3.70%,
04/01/27
(a) |
300,000 |
293,714 |
4.00%,
05/01/32
(a) |
200,000 |
193,583 |
Duke
University | ||
2.68%,
10/01/44
|
165,000 |
123,601 |
2.76%,
10/01/50
|
100,000 |
70,634 |
2.83%,
10/01/55
|
200,000 |
138,508 |
Emory
University | ||
2.14%,
09/01/30
(a) |
235,000 |
203,568 |
2.97%,
09/01/50
(a) |
50,000 |
36,052 |
George
Washington University | ||
4.30%,
09/15/44
|
125,000 |
111,004 |
4.87%,
09/15/45
|
100,000 |
98,273 |
4.13%,
09/15/48
(a) |
225,000 |
201,579 |
Georgetown
University | ||
4.32%,
04/01/49
(a) |
101,000 |
90,484 |
2.94%,
04/01/50
(a) |
125,000 |
87,902 |
5.22%,
10/01/18
(a) |
150,000 |
144,422 |
Howard
University | ||
5.21%,
10/01/52
(a) |
175,000 |
159,700 |
Jacobs
Engineering Group, Inc. | ||
6.35%,
08/18/28
(a) |
300,000 |
313,764 |
Johns
Hopkins University | ||
4.08%,
07/01/53
|
150,000 |
133,422 |
2.81%,
01/01/60
(a) |
170,000 |
113,281 |
Leland
Stanford Junior University | ||
1.29%,
06/01/27
(a) |
100,000 |
90,561 |
3.65%,
05/01/48
(a) |
200,000 |
173,713 |
2.41%,
06/01/50
(a) |
175,000 |
117,770 |
Massachusetts
Institute of Technology | ||
3.96%,
07/01/38
|
50,000 |
45,917 |
2.99%,
07/01/50
(a) |
200,000 |
150,491 |
2.29%,
07/01/51
(a) |
175,000 |
111,965 |
3.07%,
04/01/52
(a) |
100,000 |
75,892 |
5.60%,
01/07/11
|
200,000 |
231,333 |
4.68%,
01/07/14
|
150,000 |
146,307 |
3.89%,
07/01/16
|
150,000 |
119,873 |
Northeastern
University | ||
2.89%,
10/01/50
|
100,000 |
70,320 |
Northwestern
University | ||
4.64%,
12/01/44
|
200,000 |
192,918 |
2.64%,
12/01/50
(a) |
100,000 |
69,421 |
3.66%,
12/01/57
(a) |
110,000 |
89,596 |
President
& Fellows of Harvard College | ||
4.88%,
10/15/40
|
50,000 |
51,009 |
3.15%,
07/15/46
(a) |
182,000 |
142,780 |
2.52%,
10/15/50
(a) |
200,000 |
136,082 |
3.75%,
11/15/52
(a) |
150,000 |
130,685 |
3.30%,
07/15/56
(a) |
150,000 |
114,634 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Quanta
Services, Inc. | ||
2.90%,
10/01/30
(a) |
200,000 |
176,380 |
2.35%,
01/15/32
(a) |
210,000 |
174,152 |
3.05%,
10/01/41
(a) |
200,000 |
147,543 |
Thomas
Jefferson University | ||
3.85%,
11/01/57
(a) |
175,000 |
130,695 |
Trustees
of Boston College | ||
3.13%,
07/01/52
|
150,000 |
110,304 |
Trustees
of Boston University | ||
4.06%,
10/01/48
(a) |
130,000 |
115,367 |
Trustees
of Princeton University | ||
5.70%,
03/01/39
|
225,000 |
251,930 |
2.52%,
07/01/50
(a) |
200,000 |
138,444 |
Trustees
of the University of Pennsylvania | ||
2.40%,
10/01/50
(a) |
100,000 |
65,131 |
4.67%,
09/01/12
|
100,000 |
93,057 |
3.61%,
02/15/19
(a) |
100,000 |
72,509 |
University
of Chicago | ||
2.76%,
04/01/45
(a) |
150,000 |
116,838 |
2.55%,
04/01/50
(a) |
150,000 |
102,415 |
3.00%,
10/01/52
(a) |
100,000 |
73,195 |
4.00%,
10/01/53
(a) |
125,000 |
110,714 |
University
of Notre Dame du Lac | ||
3.44%,
02/15/45
|
150,000 |
122,892 |
3.39%,
02/15/48
(a) |
159,000 |
129,171 |
University
of Southern California | ||
3.03%,
10/01/39
|
380,000 |
313,908 |
3.84%,
10/01/47
(a) |
290,000 |
249,506 |
2.81%,
10/01/50
(a) |
100,000 |
70,035 |
2.95%,
10/01/51
(a) |
125,000 |
89,072 |
3.23%,
10/01/20
(a) |
75,000 |
48,061 |
Washington
University | ||
3.52%,
04/15/54
(a) |
50,000 |
40,294 |
4.35%,
04/15/22
(a) |
150,000 |
128,010 |
William
Marsh Rice University | ||
3.57%,
05/15/45
|
150,000 |
126,139 |
3.77%,
05/15/55
|
125,000 |
105,089 |
Yale
University | ||
1.48%,
04/15/30
(a) |
150,000 |
125,518 |
2.40%,
04/15/50
(a) |
200,000 |
132,735 |
|
|
8,960,843 |
Technology
2.3%
| ||
Adobe,
Inc. | ||
1.90%,
02/01/25
(a) |
150,000 |
145,501 |
3.25%,
02/01/25
(a) |
230,000 |
226,138 |
2.15%,
02/01/27
(a) |
275,000 |
258,194 |
2.30%,
02/01/30
(a) |
300,000 |
269,201 |
Advanced
Micro Devices, Inc. | ||
3.92%,
06/01/32
(a) |
150,000 |
145,303 |
4.39%,
06/01/52
(a) |
150,000 |
142,333 |
Alphabet,
Inc. | ||
0.45%,
08/15/25
(a) |
225,000 |
211,309 |
2.00%,
08/15/26
(a) |
500,000 |
472,315 |
0.80%,
08/15/27
(a) |
200,000 |
178,860 |
1.10%,
08/15/30
(a) |
650,000 |
539,410 |
1.90%,
08/15/40
(a) |
500,000 |
347,705 |
2.05%,
08/15/50
(a) |
750,000 |
469,326 |
2.25%,
08/15/60
(a) |
475,000 |
295,250 |
Amdocs
Ltd. | ||
2.54%,
06/15/30
(a) |
250,000 |
216,137 |
Analog
Devices, Inc. | ||
2.95%,
04/01/25
(a) |
200,000 |
195,859 |
3.50%,
12/05/26
(a) |
225,000 |
220,078 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.45%,
06/15/27
(a) |
275,000 |
267,206 |
1.70%,
10/01/28
(a) |
200,000 |
177,933 |
2.10%,
10/01/31
(a) |
300,000 |
255,854 |
2.80%,
10/01/41
(a) |
250,000 |
187,066 |
2.95%,
10/01/51
(a) |
375,000 |
269,347 |
Apple,
Inc. | ||
2.75%,
01/13/25
(a) |
400,000 |
392,196 |
2.50%,
02/09/25
|
450,000 |
439,131 |
1.13%,
05/11/25
(a) |
500,000 |
476,858 |
3.20%,
05/13/25
|
600,000 |
588,360 |
0.55%,
08/20/25
(a) |
400,000 |
376,251 |
0.70%,
02/08/26
(a) |
700,000 |
648,696 |
3.25%,
02/23/26
(a) |
900,000 |
878,729 |
4.42%,
05/08/26
(a) |
300,000 |
300,311 |
2.45%,
08/04/26
(a) |
630,000 |
601,318 |
2.05%,
09/11/26
(a) |
550,000 |
518,862 |
3.35%,
02/09/27
(a) |
600,000 |
584,942 |
3.20%,
05/11/27
(a) |
500,000 |
484,297 |
3.00%,
06/20/27
(a) |
250,000 |
240,518 |
2.90%,
09/12/27
(a) |
600,000 |
574,606 |
3.00%,
11/13/27
(a) |
450,000 |
432,152 |
1.20%,
02/08/28
(a) |
750,000 |
667,874 |
4.00%,
05/10/28
(a) |
500,000 |
499,056 |
1.40%,
08/05/28
(a) |
650,000 |
576,342 |
3.25%,
08/08/29
(a) |
300,000 |
286,921 |
2.20%,
09/11/29
(a) |
715,000 |
647,708 |
1.65%,
05/11/30
(a) |
600,000 |
513,877 |
1.25%,
08/20/30
(a) |
200,000 |
166,224 |
1.65%,
02/08/31
(a) |
800,000 |
674,875 |
1.70%,
08/05/31
(a) |
350,000 |
292,993 |
3.35%,
08/08/32
(a)(c) |
450,000 |
422,357 |
4.30%,
05/10/33
(a) |
300,000 |
304,810 |
4.50%,
02/23/36
(a) |
300,000 |
307,078 |
2.38%,
02/08/41
(a) |
450,000 |
330,718 |
3.85%,
05/04/43
|
1,000,000 |
890,683 |
4.45%,
05/06/44
|
230,000 |
223,916 |
3.45%,
02/09/45
|
600,000 |
500,872 |
4.38%,
05/13/45
|
600,000 |
570,655 |
4.65%,
02/23/46
(a) |
850,000 |
839,985 |
3.85%,
08/04/46
(a) |
588,000 |
512,811 |
4.25%,
02/09/47
(a) |
300,000 |
283,726 |
3.75%,
09/12/47
(a) |
350,000 |
299,875 |
3.75%,
11/13/47
(a) |
419,000 |
358,599 |
2.95%,
09/11/49
(a) |
500,000 |
368,177 |
2.65%,
05/11/50
(a) |
800,000 |
552,323 |
2.40%,
08/20/50
(a) |
450,000 |
295,647 |
2.65%,
02/08/51
(a) |
550,000 |
378,178 |
2.70%,
08/05/51
(a) |
600,000 |
413,632 |
3.95%,
08/08/52
(a) |
510,000 |
447,410 |
4.85%,
05/10/53
(a) |
375,000 |
382,774 |
2.55%,
08/20/60
(a)(c) |
550,000 |
363,534 |
2.80%,
02/08/61
(a) |
550,000 |
375,007 |
2.85%,
08/05/61
(a) |
460,000 |
315,269 |
4.10%,
08/08/62
(a) |
250,000 |
223,263 |
Applied
Materials, Inc. | ||
3.90%,
10/01/25
(a) |
250,000 |
246,761 |
3.30%,
04/01/27
(a) |
400,000 |
387,981 |
1.75%,
06/01/30
(a) |
250,000 |
213,096 |
5.10%,
10/01/35
(a) |
100,000 |
105,249 |
5.85%,
06/15/41
|
250,000 |
277,035 |
4.35%,
04/01/47
(a) |
125,000 |
118,266 |
2.75%,
06/01/50
(a) |
325,000 |
235,183 |
Arrow
Electronics, Inc. | ||
4.00%,
04/01/25
(a) |
50,000 |
49,089 |
3.88%,
01/12/28
(a) |
325,000 |
308,891 |
2.95%,
02/15/32
(a) |
50,000 |
42,491 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Autodesk,
Inc. | ||
4.38%,
06/15/25
(a) |
200,000 |
198,653 |
3.50%,
06/15/27
(a) |
75,000 |
72,885 |
2.85%,
01/15/30
(a) |
50,000 |
45,155 |
2.40%,
12/15/31
(a) |
375,000 |
321,473 |
Automatic
Data Processing, Inc. | ||
3.38%,
09/15/25
(a) |
250,000 |
245,186 |
1.70%,
05/15/28
(a) |
250,000 |
225,755 |
1.25%,
09/01/30
(a) |
350,000 |
291,466 |
Avnet,
Inc. | ||
4.63%,
04/15/26
(a) |
250,000 |
247,059 |
3.00%,
05/15/31
(a) |
125,000 |
106,140 |
5.50%,
06/01/32
(a) |
150,000 |
149,039 |
Baidu,
Inc. | ||
3.08%,
04/07/25
(a) |
200,000 |
194,771 |
1.72%,
04/09/26
(a) |
200,000 |
185,816 |
3.63%,
07/06/27
|
200,000 |
192,009 |
4.38%,
03/29/28
(a) |
200,000 |
196,542 |
4.88%,
11/14/28
(a) |
200,000 |
200,240 |
3.43%,
04/07/30
(a) |
200,000 |
182,084 |
2.38%,
10/09/30
(a) |
50,000 |
42,229 |
2.38%,
08/23/31
(a) |
200,000 |
165,442 |
Broadcom
Corp./Broadcom Cayman Finance Ltd. | ||
3.13%,
01/15/25
(a) |
100,000 |
98,224 |
3.88%,
01/15/27
(a) |
750,000 |
732,234 |
3.50%,
01/15/28
(a) |
250,000 |
239,991 |
Broadcom,
Inc. | ||
3.15%,
11/15/25
(a) |
250,000 |
242,361 |
3.46%,
09/15/26
(a) |
204,000 |
197,241 |
1.95%,
02/15/28
(a)(d) |
300,000 |
269,625 |
4.11%,
09/15/28
(a) |
300,000 |
293,277 |
4.00%,
04/15/29
(a)(d) |
200,000 |
193,401 |
4.75%,
04/15/29
(a) |
700,000 |
702,311 |
5.00%,
04/15/30
(a) |
200,000 |
203,376 |
4.15%,
11/15/30
(a) |
543,000 |
518,939 |
2.45%,
02/15/31
(a)(d) |
775,000 |
663,574 |
4.15%,
04/15/32
(a)(d) |
350,000 |
330,533 |
4.30%,
11/15/32
(a) |
575,000 |
551,935 |
2.60%,
02/15/33
(a)(d) |
500,000 |
411,941 |
3.42%,
04/15/33
(a)(d) |
610,000 |
536,431 |
3.47%,
04/15/34
(a)(d) |
850,000 |
740,227 |
3.14%,
11/15/35
(a)(d) |
881,000 |
724,034 |
3.19%,
11/15/36
(a)(d) |
707,000 |
574,062 |
4.93%,
05/15/37
(a)(d) |
655,000 |
633,962 |
3.50%,
02/15/41
(a)(d) |
850,000 |
675,526 |
3.75%,
02/15/51
(a)(d) |
500,000 |
393,949 |
Broadridge
Financial Solutions, Inc. | ||
3.40%,
06/27/26
(a) |
150,000 |
144,769 |
2.90%,
12/01/29
(a) |
250,000 |
224,566 |
2.60%,
05/01/31
(a) |
250,000 |
213,874 |
CDW
LLC/CDW Finance Corp. | ||
4.13%,
05/01/25
(a) |
175,000 |
171,716 |
2.67%,
12/01/26
(a) |
425,000 |
398,066 |
4.25%,
04/01/28
(a) |
150,000 |
143,942 |
3.28%,
12/01/28
(a) |
150,000 |
137,541 |
3.25%,
02/15/29
(a) |
200,000 |
183,080 |
3.57%,
12/01/31
(a) |
300,000 |
266,679 |
CGI,
Inc. | ||
1.45%,
09/14/26
(a) |
200,000 |
181,490 |
2.30%,
09/14/31
(a) |
150,000 |
122,530 |
Cisco
Systems, Inc. | ||
3.50%,
06/15/25
|
50,000 |
49,351 |
2.95%,
02/28/26
|
150,000 |
145,337 |
2.50%,
09/20/26
(a) |
450,000 |
429,393 |
5.90%,
02/15/39
|
525,000 |
583,082 |
5.50%,
01/15/40
|
750,000 |
799,981 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Concentrix
Corp. | ||
6.65%,
08/02/26
(a) |
200,000 |
205,201 |
6.60%,
08/02/28
(a) |
200,000 |
206,341 |
6.85%,
08/02/33
(a) |
200,000 |
205,820 |
Corning,
Inc. | ||
4.70%,
03/15/37
|
50,000 |
47,822 |
5.75%,
08/15/40
|
150,000 |
154,066 |
4.75%,
03/15/42
|
100,000 |
93,494 |
5.35%,
11/15/48
(a) |
250,000 |
250,760 |
3.90%,
11/15/49
(a) |
100,000 |
81,462 |
4.38%,
11/15/57
(a) |
250,000 |
218,745 |
5.85%,
11/15/68
(a) |
100,000 |
100,563 |
5.45%,
11/15/79
(a) |
300,000 |
290,296 |
Dell
International LLC/EMC Corp. | ||
5.85%,
07/15/25
(a) |
200,000 |
202,100 |
6.02%,
06/15/26
(a) |
950,000 |
972,879 |
4.90%,
10/01/26
(a) |
600,000 |
601,261 |
6.10%,
07/15/27
(a) |
200,000 |
208,496 |
5.25%,
02/01/28
(a) |
250,000 |
256,598 |
5.30%,
10/01/29
(a) |
550,000 |
566,942 |
6.20%,
07/15/30
(a) |
200,000 |
214,847 |
5.75%,
02/01/33
(a)(c) |
300,000 |
316,229 |
8.10%,
07/15/36
(a) |
200,000 |
246,070 |
3.38%,
12/15/41
(a) |
250,000 |
189,782 |
8.35%,
07/15/46
(a) |
88,000 |
116,181 |
3.45%,
12/15/51
(a) |
350,000 |
253,999 |
Dell,
Inc. | ||
7.10%,
04/15/28
|
50,000 |
53,970 |
6.50%,
04/15/38
|
350,000 |
375,196 |
DXC
Technology Co. | ||
1.80%,
09/15/26
(a) |
250,000 |
228,430 |
2.38%,
09/15/28
(a) |
200,000 |
175,127 |
Equifax,
Inc. | ||
2.60%,
12/15/25
(a) |
160,000 |
152,749 |
5.10%,
12/15/27
(a) |
250,000 |
252,825 |
5.10%,
06/01/28
(a) |
200,000 |
202,016 |
3.10%,
05/15/30
(a) |
200,000 |
179,554 |
2.35%,
09/15/31
(a) |
350,000 |
291,191 |
Equinix,
Inc. | ||
1.00%,
09/15/25
(a) |
250,000 |
233,566 |
1.45%,
05/15/26
(a) |
200,000 |
184,985 |
2.90%,
11/18/26
(a) |
250,000 |
237,877 |
1.80%,
07/15/27
(a) |
150,000 |
136,121 |
1.55%,
03/15/28
(a) |
250,000 |
219,996 |
3.20%,
11/18/29
(a) |
350,000 |
322,274 |
2.15%,
07/15/30
(a) |
300,000 |
255,104 |
2.50%,
05/15/31
(a) |
300,000 |
255,480 |
3.90%,
04/15/32
(a) |
350,000 |
325,625 |
3.00%,
07/15/50
(a) |
175,000 |
119,467 |
2.95%,
09/15/51
(a) |
155,000 |
103,711 |
3.40%,
02/15/52
(a) |
100,000 |
73,352 |
FactSet
Research Systems, Inc. | ||
2.90%,
03/01/27
(a) |
200,000 |
188,404 |
3.45%,
03/01/32
(a) |
160,000 |
144,019 |
Fidelity
National Information Services, Inc. | ||
4.50%,
07/15/25
|
250,000 |
247,864 |
1.15%,
03/01/26
(a) |
350,000 |
323,735 |
4.70%,
07/15/27
(a) |
200,000 |
200,229 |
1.65%,
03/01/28
(a) |
250,000 |
223,216 |
3.75%,
05/21/29
(a) |
50,000 |
48,192 |
2.25%,
03/01/31
(a) |
400,000 |
338,286 |
5.10%,
07/15/32
(a) |
225,000 |
230,339 |
3.10%,
03/01/41
(a) |
210,000 |
156,358 |
4.50%,
08/15/46
(a) |
150,000 |
127,595 |
5.63%,
07/15/52
(a) |
100,000 |
102,454 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Fiserv,
Inc. | ||
3.85%,
06/01/25
(a) |
250,000 |
245,638 |
3.20%,
07/01/26
(a) |
800,000 |
770,356 |
2.25%,
06/01/27
(a) |
200,000 |
185,381 |
5.38%,
08/21/28
(a) |
200,000 |
206,005 |
4.20%,
10/01/28
(a) |
500,000 |
489,645 |
3.50%,
07/01/29
(a) |
750,000 |
706,875 |
2.65%,
06/01/30
(a) |
200,000 |
176,346 |
5.60%,
03/02/33
(a) |
250,000 |
261,666 |
5.63%,
08/21/33
(a) |
375,000 |
392,976 |
4.40%,
07/01/49
(a) |
625,000 |
552,427 |
Flex
Ltd. | ||
4.75%,
06/15/25
(a) |
150,000 |
148,177 |
3.75%,
02/01/26
(a) |
200,000 |
193,863 |
4.88%,
06/15/29
(a) |
250,000 |
246,201 |
4.88%,
05/12/30
(a) |
200,000 |
196,802 |
Fortinet,
Inc. | ||
1.00%,
03/15/26
(a) |
200,000 |
183,425 |
Genpact
Luxembourg SARL/Genpact USA, Inc. | ||
1.75%,
04/10/26
(a) |
110,000 |
102,346 |
Global
Payments, Inc. | ||
2.65%,
02/15/25
(a) |
280,000 |
271,399 |
1.20%,
03/01/26
(a) |
400,000 |
367,763 |
2.15%,
01/15/27
(a) |
350,000 |
322,447 |
4.45%,
06/01/28
(a) |
150,000 |
146,168 |
3.20%,
08/15/29
(a) |
400,000 |
362,736 |
5.30%,
08/15/29
(a) |
150,000 |
151,183 |
2.90%,
05/15/30
(a) |
275,000 |
241,896 |
2.90%,
11/15/31
(a) |
200,000 |
171,210 |
5.40%,
08/15/32
(a) |
225,000 |
227,468 |
4.15%,
08/15/49
(a) |
210,000 |
167,024 |
5.95%,
08/15/52
(a) |
200,000 |
204,662 |
Hewlett
Packard Enterprise Co. | ||
4.90%,
10/15/25
(a) |
750,000 |
747,795 |
1.75%,
04/01/26
(a) |
350,000 |
326,176 |
6.10%,
04/01/26
(a) |
150,000 |
150,226 |
6.20%,
10/15/35
(a) |
225,000 |
247,400 |
6.35%,
10/15/45
(a) |
425,000 |
459,427 |
HP,
Inc. | ||
2.20%,
06/17/25
(a) |
350,000 |
335,536 |
1.45%,
06/17/26
(a) |
200,000 |
184,318 |
3.00%,
06/17/27
(a) |
300,000 |
283,776 |
4.00%,
04/15/29
(a) |
300,000 |
291,594 |
3.40%,
06/17/30
(a) |
200,000 |
183,069 |
2.65%,
06/17/31
(a) |
250,000 |
213,205 |
4.20%,
04/15/32
(a) |
250,000 |
237,362 |
5.50%,
01/15/33
(a)(c) |
350,000 |
359,293 |
6.00%,
09/15/41
|
350,000 |
370,070 |
Intel
Corp. | ||
3.40%,
03/25/25
(a) |
455,000 |
447,499 |
3.70%,
07/29/25
(a) |
725,000 |
713,828 |
4.88%,
02/10/26
|
500,000 |
503,854 |
2.60%,
05/19/26
(a) |
350,000 |
335,203 |
3.75%,
03/25/27
(a) |
250,000 |
245,111 |
3.15%,
05/11/27
(a) |
300,000 |
288,659 |
3.75%,
08/05/27
(a) |
200,000 |
196,117 |
4.88%,
02/10/28
(a) |
500,000 |
508,458 |
1.60%,
08/12/28
(a) |
300,000 |
265,433 |
4.00%,
08/05/29
(a) |
250,000 |
246,361 |
2.45%,
11/15/29
(a) |
600,000 |
540,645 |
5.13%,
02/10/30
(a) |
50,000 |
51,929 |
3.90%,
03/25/30
(a) |
450,000 |
436,316 |
2.00%,
08/12/31
(a) |
400,000 |
338,280 |
4.15%,
08/05/32
(a)(c) |
375,000 |
367,113 |
4.00%,
12/15/32
|
100,000 |
96,775 |
5.20%,
02/10/33
(a) |
725,000 |
757,901 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.60%,
03/25/40
(a) |
250,000 |
243,605 |
2.80%,
08/12/41
(a) |
300,000 |
225,490 |
4.80%,
10/01/41
|
275,000 |
268,887 |
4.25%,
12/15/42
|
200,000 |
180,534 |
5.63%,
02/10/43
(a) |
50,000 |
53,633 |
4.90%,
07/29/45
(a) |
200,000 |
202,748 |
4.10%,
05/19/46
(a) |
250,000 |
220,211 |
4.10%,
05/11/47
(a) |
275,000 |
240,070 |
3.73%,
12/08/47
(a) |
550,000 |
448,759 |
3.25%,
11/15/49
(a) |
600,000 |
446,778 |
4.75%,
03/25/50
(a) |
750,000 |
711,095 |
3.05%,
08/12/51
(a) |
350,000 |
247,764 |
4.90%,
08/05/52
(a) |
475,000 |
466,093 |
5.70%,
02/10/53
(a) |
500,000 |
541,470 |
3.10%,
02/15/60
(a) |
300,000 |
207,471 |
4.95%,
03/25/60
(a) |
300,000 |
297,444 |
3.20%,
08/12/61
(a) |
250,000 |
173,199 |
5.05%,
08/05/62
(a) |
260,000 |
257,351 |
5.90%,
02/10/63
(a) |
400,000 |
446,451 |
International
Business Machines Corp. | ||
4.00%,
07/27/25
|
400,000 |
395,873 |
7.00%,
10/30/25
|
150,000 |
156,375 |
4.50%,
02/06/26
|
300,000 |
299,170 |
3.45%,
02/19/26
|
500,000 |
487,452 |
3.30%,
05/15/26
|
950,000 |
923,021 |
3.30%,
01/27/27
|
250,000 |
241,101 |
2.20%,
02/09/27
(a) |
200,000 |
186,378 |
1.70%,
05/15/27
(a) |
160,000 |
146,220 |
4.15%,
07/27/27
(a) |
300,000 |
296,821 |
3.50%,
05/15/29
|
1,000,000 |
954,592 |
1.95%,
05/15/30
(a) |
400,000 |
344,176 |
2.72%,
02/09/32
(a) |
150,000 |
132,192 |
4.40%,
07/27/32
(a) |
300,000 |
295,318 |
5.88%,
11/29/32
|
200,000 |
219,036 |
4.15%,
05/15/39
|
650,000 |
591,450 |
2.85%,
05/15/40
(a) |
300,000 |
224,507 |
4.00%,
06/20/42
|
375,000 |
327,423 |
4.70%,
02/19/46
|
280,000 |
265,726 |
4.25%,
05/15/49
|
950,000 |
835,405 |
2.95%,
05/15/50
(a) |
260,000 |
179,615 |
3.43%,
02/09/52
(a) |
300,000 |
224,236 |
4.90%,
07/27/52
(a) |
100,000 |
96,359 |
7.13%,
12/01/96
|
125,000 |
159,709 |
Intuit,
Inc. | ||
0.95%,
07/15/25
(a) |
150,000 |
141,445 |
5.25%,
09/15/26
(a) |
200,000 |
204,038 |
1.35%,
07/15/27
(a) |
200,000 |
180,660 |
1.65%,
07/15/30
(a) |
150,000 |
126,258 |
5.20%,
09/15/33
(a) |
350,000 |
366,902 |
5.50%,
09/15/53
(a) |
360,000 |
394,922 |
Jabil,
Inc. | ||
3.95%,
01/12/28
(a) |
420,000 |
400,958 |
3.60%,
01/15/30
(a) |
150,000 |
135,808 |
3.00%,
01/15/31
(a) |
300,000 |
260,172 |
Juniper
Networks, Inc. | ||
1.20%,
12/10/25
(a) |
150,000 |
139,098 |
3.75%,
08/15/29
(a) |
200,000 |
190,184 |
2.00%,
12/10/30
(a) |
150,000 |
121,642 |
Keysight
Technologies, Inc. | ||
4.60%,
04/06/27
(a) |
250,000 |
249,499 |
3.00%,
10/30/29
(a) |
200,000 |
181,952 |
KLA
Corp. | ||
4.10%,
03/15/29
(a) |
224,000 |
223,163 |
4.65%,
07/15/32
(a) |
300,000 |
306,843 |
5.00%,
03/15/49
(a) |
125,000 |
124,456 |
3.30%,
03/01/50
(a) |
250,000 |
191,462 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.95%,
07/15/52
(a) |
250,000 |
252,904 |
5.25%,
07/15/62
(a) |
250,000 |
260,107 |
Kyndryl
Holdings, Inc. | ||
2.05%,
10/15/26
(a) |
200,000 |
182,388 |
2.70%,
10/15/28
(a) |
150,000 |
132,495 |
3.15%,
10/15/31
(a) |
200,000 |
168,174 |
4.10%,
10/15/41
(a) |
100,000 |
75,735 |
Lam
Research Corp. | ||
3.80%,
03/15/25
(a) |
150,000 |
148,175 |
3.75%,
03/15/26
(a) |
150,000 |
147,435 |
4.00%,
03/15/29
(a) |
300,000 |
296,336 |
1.90%,
06/15/30
(a) |
250,000 |
215,216 |
4.88%,
03/15/49
(a) |
220,000 |
219,839 |
2.88%,
06/15/50
(a) |
225,000 |
160,814 |
3.13%,
06/15/60
(a) |
125,000 |
86,887 |
Leidos,
Inc. | ||
3.63%,
05/15/25
(a) |
250,000 |
243,986 |
4.38%,
05/15/30
(a) |
300,000 |
287,295 |
2.30%,
02/15/31
(a) |
250,000 |
209,270 |
Marvell
Technology, Inc. | ||
1.65%,
04/15/26
(a) |
150,000 |
139,727 |
2.45%,
04/15/28
(a) |
275,000 |
249,051 |
4.88%,
06/22/28
(a) |
189,000 |
188,356 |
2.95%,
04/15/31
(a) |
150,000 |
131,258 |
5.95%,
09/15/33
(a) |
130,000 |
138,113 |
Mastercard,
Inc. | ||
2.00%,
03/03/25
(a) |
300,000 |
290,916 |
2.95%,
11/21/26
(a) |
300,000 |
289,454 |
3.30%,
03/26/27
(a) |
300,000 |
291,083 |
4.88%,
03/09/28
(a) |
200,000 |
206,497 |
2.95%,
06/01/29
(a) |
350,000 |
329,563 |
3.35%,
03/26/30
(a) |
400,000 |
381,547 |
2.00%,
11/18/31
(a) |
250,000 |
211,316 |
4.85%,
03/09/33
(a) |
150,000 |
155,181 |
3.80%,
11/21/46
(a) |
125,000 |
109,767 |
3.95%,
02/26/48
(a) |
100,000 |
89,757 |
3.65%,
06/01/49
(a) |
300,000 |
253,856 |
3.85%,
03/26/50
(a) |
450,000 |
394,478 |
2.95%,
03/15/51
(a) |
250,000 |
185,776 |
Microchip
Technology, Inc. | ||
4.25%,
09/01/25
(a) |
400,000 |
393,937 |
Micron
Technology, Inc. | ||
4.98%,
02/06/26
(a) |
50,000 |
50,085 |
4.19%,
02/15/27
(a) |
250,000 |
245,367 |
5.38%,
04/15/28
(a) |
150,000 |
152,915 |
5.33%,
02/06/29
(a) |
200,000 |
204,114 |
6.75%,
11/01/29
(a) |
200,000 |
216,302 |
4.66%,
02/15/30
(a) |
250,000 |
245,131 |
2.70%,
04/15/32
(a) |
350,000 |
294,185 |
5.88%,
02/09/33
(a) |
200,000 |
208,856 |
5.88%,
09/15/33
(a) |
250,000 |
260,223 |
3.37%,
11/01/41
(a) |
200,000 |
150,339 |
3.48%,
11/01/51
(a) |
150,000 |
109,499 |
Microsoft
Corp. | ||
2.70%,
02/12/25
(a) |
550,000 |
538,429 |
3.13%,
11/03/25
(a) |
900,000 |
879,445 |
2.40%,
08/08/26
(a) |
1,150,000 |
1,098,231 |
3.40%,
09/15/26
(a)(d) |
250,000 |
243,926 |
3.30%,
02/06/27
(a) |
1,300,000 |
1,267,601 |
3.40%,
06/15/27
(a)(d) |
215,000 |
209,103 |
1.35%,
09/15/30
(a)(d) |
175,000 |
145,758 |
3.50%,
02/12/35
(a) |
525,000 |
498,191 |
4.20%,
11/03/35
(a) |
150,000 |
150,647 |
3.45%,
08/08/36
(a) |
450,000 |
414,031 |
4.10%,
02/06/37
(a) |
275,000 |
270,475 |
3.50%,
11/15/42
|
65,000 |
56,934 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.75%,
02/12/45
(a) |
100,000 |
89,733 |
4.45%,
11/03/45
(a) |
200,000 |
197,311 |
3.70%,
08/08/46
(a) |
450,000 |
394,868 |
4.25%,
02/06/47
(a) |
410,000 |
396,745 |
4.50%,
06/15/47
(a)(d) |
78,000 |
76,733 |
2.53%,
06/01/50
(a) |
1,825,000 |
1,249,016 |
2.50%,
09/15/50
(a)(d) |
465,000 |
314,940 |
2.92%,
03/17/52
(a) |
1,769,000 |
1,304,457 |
4.00%,
02/12/55
(a) |
400,000 |
360,466 |
3.95%,
08/08/56
(a) |
250,000 |
222,702 |
4.50%,
02/06/57
(a) |
250,000 |
246,194 |
2.68%,
06/01/60
(a) |
960,000 |
646,422 |
3.04%,
03/17/62
(a) |
491,000 |
355,266 |
Moody's
Corp. | ||
3.75%,
03/24/25
(a) |
215,000 |
211,732 |
3.25%,
01/15/28
(a) |
100,000 |
95,537 |
4.25%,
02/01/29
(a) |
100,000 |
99,147 |
2.00%,
08/19/31
(a) |
200,000 |
166,359 |
2.75%,
08/19/41
(a) |
175,000 |
127,822 |
5.25%,
07/15/44
|
175,000 |
178,618 |
4.88%,
12/17/48
(a) |
150,000 |
141,921 |
3.25%,
05/20/50
(a) |
100,000 |
74,015 |
3.75%,
02/25/52
(a) |
160,000 |
131,406 |
3.10%,
11/29/61
(a) |
175,000 |
118,836 |
Motorola
Solutions, Inc. | ||
4.60%,
02/23/28
(a) |
200,000 |
199,122 |
4.60%,
05/23/29
(a) |
200,000 |
198,899 |
2.30%,
11/15/30
(a) |
275,000 |
232,435 |
2.75%,
05/24/31
(a) |
305,000 |
260,680 |
5.60%,
06/01/32
(a) |
175,000 |
180,895 |
5.50%,
09/01/44
|
100,000 |
99,576 |
NetApp,
Inc. | ||
1.88%,
06/22/25
(a) |
200,000 |
190,392 |
2.38%,
06/22/27
(a) |
175,000 |
162,669 |
2.70%,
06/22/30
(a) |
250,000 |
221,265 |
Nokia
OYJ | ||
4.38%,
06/12/27
|
160,000 |
155,473 |
6.63%,
05/15/39
|
165,000 |
163,988 |
NVIDIA
Corp. | ||
3.20%,
09/16/26
(a) |
450,000 |
438,166 |
1.55%,
06/15/28
(a) |
225,000 |
201,682 |
2.85%,
04/01/30
(a) |
400,000 |
370,223 |
2.00%,
06/15/31
(a) |
200,000 |
171,526 |
3.50%,
04/01/40
(a) |
350,000 |
304,112 |
3.50%,
04/01/50
(a) |
550,000 |
459,927 |
3.70%,
04/01/60
(a) |
175,000 |
147,085 |
NXP
BV/NXP Funding LLC | ||
5.35%,
03/01/26
(a) |
50,000 |
50,263 |
5.55%,
12/01/28
(a) |
305,000 |
314,063 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%,
05/01/25
(a) |
150,000 |
144,612 |
3.88%,
06/18/26
(a) |
250,000 |
243,845 |
3.15%,
05/01/27
(a) |
200,000 |
190,021 |
4.30%,
06/18/29
(a) |
375,000 |
364,852 |
3.40%,
05/01/30
(a) |
325,000 |
298,735 |
2.50%,
05/11/31
(a) |
400,000 |
340,605 |
2.65%,
02/15/32
(a) |
300,000 |
252,967 |
3.25%,
05/11/41
(a) |
250,000 |
191,456 |
3.13%,
02/15/42
(a) |
190,000 |
142,098 |
3.25%,
11/30/51
(a) |
200,000 |
143,382 |
Oracle
Corp. | ||
2.50%,
04/01/25
(a) |
1,000,000 |
968,652 |
2.95%,
05/15/25
(a) |
850,000 |
825,829 |
5.80%,
11/10/25
|
300,000 |
305,038 |
1.65%,
03/25/26
(a) |
775,000 |
723,289 |
2.65%,
07/15/26
(a) |
756,000 |
717,285 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.80%,
04/01/27
(a) |
650,000 |
613,362 |
3.25%,
11/15/27
(a) |
775,000 |
736,485 |
2.30%,
03/25/28
(a) |
490,000 |
446,571 |
4.50%,
05/06/28
(a) |
200,000 |
200,131 |
6.15%,
11/09/29
(a) |
350,000 |
376,325 |
2.95%,
04/01/30
(a) |
950,000 |
857,920 |
3.25%,
05/15/30
(a) |
150,000 |
137,781 |
2.88%,
03/25/31
(a) |
925,000 |
819,863 |
6.25%,
11/09/32
(a) |
650,000 |
707,815 |
4.90%,
02/06/33
(a) |
300,000 |
298,698 |
4.30%,
07/08/34
(a) |
525,000 |
490,495 |
3.90%,
05/15/35
(a) |
350,000 |
312,041 |
3.85%,
07/15/36
(a) |
355,000 |
310,001 |
3.80%,
11/15/37
(a) |
775,000 |
659,899 |
6.50%,
04/15/38
|
400,000 |
443,120 |
6.13%,
07/08/39
|
350,000 |
373,479 |
3.60%,
04/01/40
(a) |
900,000 |
720,074 |
5.38%,
07/15/40
|
600,000 |
591,000 |
3.65%,
03/25/41
(a) |
600,000 |
477,802 |
4.50%,
07/08/44
(a) |
300,000 |
262,087 |
4.13%,
05/15/45
(a) |
550,000 |
450,788 |
4.00%,
07/15/46
(a) |
800,000 |
642,060 |
4.00%,
11/15/47
(a) |
740,000 |
588,134 |
3.60%,
04/01/50
(a) |
1,270,000 |
941,739 |
3.95%,
03/25/51
(a) |
940,000 |
738,941 |
6.90%,
11/09/52
(a) |
700,000 |
820,643 |
5.55%,
02/06/53
(a) |
645,000 |
646,214 |
4.38%,
05/15/55
(a) |
375,000 |
311,698 |
3.85%,
04/01/60
(a) |
1,000,000 |
727,923 |
4.10%,
03/25/61
(a) |
400,000 |
305,858 |
PayPal
Holdings, Inc. | ||
1.65%,
06/01/25
(a) |
185,000 |
176,652 |
2.65%,
10/01/26
(a) |
400,000 |
380,206 |
3.90%,
06/01/27
(a) |
150,000 |
147,903 |
2.85%,
10/01/29
(a) |
425,000 |
389,575 |
2.30%,
06/01/30
(a) |
300,000 |
262,724 |
4.40%,
06/01/32
(a) |
300,000 |
298,393 |
3.25%,
06/01/50
(a) |
280,000 |
210,165 |
5.05%,
06/01/52
(a) |
250,000 |
252,771 |
5.25%,
06/01/62
(a) |
150,000 |
149,634 |
Qorvo,
Inc. | ||
4.38%,
10/15/29
(a) |
225,000 |
214,666 |
QUALCOMM,
Inc. | ||
3.45%,
05/20/25
(a) |
450,000 |
442,340 |
3.25%,
05/20/27
(a) |
550,000 |
532,972 |
1.30%,
05/20/28
(a) |
234,000 |
207,420 |
2.15%,
05/20/30
(a) |
450,000 |
397,502 |
1.65%,
05/20/32
(a) |
350,000 |
285,497 |
4.25%,
05/20/32
(a) |
150,000 |
149,207 |
5.40%,
05/20/33
(a) |
50,000 |
54,043 |
4.65%,
05/20/35
(a) |
300,000 |
307,554 |
4.80%,
05/20/45
(a) |
450,000 |
447,346 |
4.30%,
05/20/47
(a) |
425,000 |
390,268 |
3.25%,
05/20/50
(a) |
175,000 |
136,803 |
4.50%,
05/20/52
(a) |
300,000 |
280,713 |
6.00%,
05/20/53
(a) |
350,000 |
404,455 |
RELX
Capital, Inc. | ||
4.00%,
03/18/29
(a) |
250,000 |
245,871 |
3.00%,
05/22/30
(a) |
300,000 |
275,926 |
4.75%,
05/20/32
(a) |
150,000 |
151,840 |
Roper
Technologies, Inc. | ||
1.00%,
09/15/25
(a) |
250,000 |
233,849 |
3.85%,
12/15/25
(a) |
100,000 |
98,261 |
3.80%,
12/15/26
(a) |
200,000 |
195,811 |
1.40%,
09/15/27
(a) |
200,000 |
179,055 |
4.20%,
09/15/28
(a) |
250,000 |
245,972 |
2.95%,
09/15/29
(a) |
200,000 |
183,579 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.00%,
06/30/30
(a) |
250,000 |
212,718 |
1.75%,
02/15/31
(a) |
350,000 |
288,479 |
S&P
Global, Inc. | ||
2.95%,
01/22/27
(a) |
150,000 |
143,327 |
2.45%,
03/01/27
(a) |
400,000 |
377,347 |
4.75%,
08/01/28
(a) |
150,000 |
152,500 |
2.70%,
03/01/29
(a) |
350,000 |
324,267 |
4.25%,
05/01/29
(a) |
200,000 |
199,501 |
2.50%,
12/01/29
(a) |
150,000 |
135,393 |
1.25%,
08/15/30
(a) |
100,000 |
81,986 |
2.90%,
03/01/32
(a) |
400,000 |
357,721 |
5.25%,
09/15/33
(a)(d) |
200,000 |
209,403 |
3.25%,
12/01/49
(a) |
200,000 |
150,760 |
3.70%,
03/01/52
(a) |
275,000 |
228,803 |
2.30%,
08/15/60
(a) |
225,000 |
135,679 |
3.90%,
03/01/62
(a) |
150,000 |
126,035 |
Salesforce,
Inc. | ||
3.70%,
04/11/28
(a) |
425,000 |
416,802 |
1.50%,
07/15/28
(a) |
300,000 |
267,153 |
1.95%,
07/15/31
(a) |
425,000 |
363,183 |
2.70%,
07/15/41
(a) |
350,000 |
267,830 |
2.90%,
07/15/51
(a) |
550,000 |
394,137 |
3.05%,
07/15/61
(a) |
350,000 |
246,366 |
ServiceNow,
Inc. | ||
1.40%,
09/01/30
(a) |
450,000 |
370,537 |
Skyworks
Solutions, Inc. | ||
1.80%,
06/01/26
(a) |
200,000 |
186,556 |
3.00%,
06/01/31
(a) |
175,000 |
150,737 |
TD
SYNNEX Corp. | ||
1.75%,
08/09/26
(a) |
150,000 |
136,364 |
2.38%,
08/09/28
(a) |
100,000 |
87,994 |
2.65%,
08/09/31
(a) |
250,000 |
203,024 |
Teledyne
FLIR LLC | ||
2.50%,
08/01/30
(a) |
200,000 |
172,216 |
Tencent
Music Entertainment Group | ||
2.00%,
09/03/30
(a) |
250,000 |
203,027 |
Texas
Instruments, Inc. | ||
1.38%,
03/12/25
(a) |
300,000 |
288,757 |
1.13%,
09/15/26
(a)(c) |
200,000 |
183,944 |
2.90%,
11/03/27
(a) |
325,000 |
310,479 |
2.25%,
09/04/29
(a) |
350,000 |
316,531 |
1.75%,
05/04/30
(a) |
500,000 |
432,604 |
1.90%,
09/15/31
(a) |
150,000 |
128,116 |
3.88%,
03/15/39
(a) |
50,000 |
46,280 |
4.15%,
05/15/48
(a) |
550,000 |
500,561 |
2.70%,
09/15/51
(a) |
250,000 |
170,943 |
5.00%,
03/14/53
(a) |
200,000 |
205,671 |
5.05%,
05/18/63
(a) |
450,000 |
461,592 |
Thomson
Reuters Corp. | ||
5.50%,
08/15/35
|
175,000 |
180,766 |
5.85%,
04/15/40
|
175,000 |
182,270 |
5.65%,
11/23/43
(a) |
100,000 |
99,991 |
Trimble,
Inc. | ||
4.90%,
06/15/28
(a) |
175,000 |
176,250 |
6.10%,
03/15/33
(a) |
225,000 |
241,828 |
TSMC
Arizona Corp. | ||
1.75%,
10/25/26
(a) |
400,000 |
369,196 |
3.88%,
04/22/27
(a) |
300,000 |
293,973 |
4.13%,
04/22/29
(a) |
200,000 |
196,694 |
2.50%,
10/25/31
(a) |
350,000 |
300,181 |
4.25%,
04/22/32
(a) |
300,000 |
295,024 |
3.13%,
10/25/41
(a) |
200,000 |
162,321 |
3.25%,
10/25/51
(a) |
300,000 |
237,550 |
4.50%,
04/22/52
(a) |
300,000 |
298,108 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Tyco
Electronics Group SA | ||
3.70%,
02/15/26
(a) |
250,000 |
245,002 |
3.13%,
08/15/27
(a) |
150,000 |
143,407 |
7.13%,
10/01/37
|
100,000 |
118,037 |
VeriSign,
Inc. | ||
5.25%,
04/01/25
(a) |
150,000 |
150,119 |
4.75%,
07/15/27
(a) |
100,000 |
99,150 |
2.70%,
06/15/31
(a) |
250,000 |
214,587 |
Verisk
Analytics, Inc. | ||
4.00%,
06/15/25
(a) |
300,000 |
296,111 |
4.13%,
03/15/29
(a) |
175,000 |
171,106 |
5.50%,
06/15/45
(a) |
150,000 |
148,396 |
3.63%,
05/15/50
(a) |
150,000 |
114,095 |
Visa,
Inc. | ||
3.15%,
12/14/25
(a) |
1,000,000 |
975,985 |
1.90%,
04/15/27
(a) |
400,000 |
372,589 |
0.75%,
08/15/27
(a) |
200,000 |
177,119 |
2.75%,
09/15/27
(a) |
150,000 |
142,925 |
2.05%,
04/15/30
(a) |
450,000 |
395,850 |
1.10%,
02/15/31
(a) |
385,000 |
312,565 |
4.15%,
12/14/35
(a) |
500,000 |
490,260 |
2.70%,
04/15/40
(a) |
260,000 |
201,201 |
4.30%,
12/14/45
(a) |
875,000 |
816,260 |
3.65%,
09/15/47
(a) |
440,000 |
371,220 |
2.00%,
08/15/50
(a)(c) |
400,000 |
247,784 |
VMware
LLC | ||
4.50%,
05/15/25
(a) |
200,000 |
198,129 |
1.40%,
08/15/26
(a) |
500,000 |
457,478 |
3.90%,
08/21/27
(a) |
500,000 |
485,890 |
4.70%,
05/15/30
(a) |
300,000 |
296,175 |
2.20%,
08/15/31
(a) |
500,000 |
414,609 |
Western
Digital Corp. | ||
2.85%,
02/01/29
(a) |
175,000 |
150,570 |
3.10%,
02/01/32
(a) |
175,000 |
139,548 |
Western
Union Co. | ||
2.85%,
01/10/25
(a) |
150,000 |
145,787 |
1.35%,
03/15/26
(a) |
200,000 |
184,144 |
2.75%,
03/15/31
(a) |
100,000 |
83,377 |
6.20%,
11/17/36
|
150,000 |
155,914 |
Workday,
Inc. | ||
3.50%,
04/01/27
(a) |
300,000 |
290,386 |
3.70%,
04/01/29
(a) |
200,000 |
192,304 |
3.80%,
04/01/32
(a) |
400,000 |
373,019 |
Xilinx,
Inc. | ||
2.38%,
06/01/30
(a) |
225,000 |
199,370 |
|
|
175,593,695 |
Transportation
0.5%
| ||
American
Airlines 2012-1 Class AA Pass-Through Trust | ||
2.88%,
01/11/36
|
189,275 |
157,847 |
American
Airlines 2015-1 Class A Pass-Through Trust | ||
3.38%,
11/01/28
|
172,579 |
158,184 |
American
Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%,
03/22/29
|
128,941 |
118,957 |
American
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%,
07/15/29
|
166,723 |
154,994 |
American
Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%,
12/15/29
|
232,702 |
213,388 |
American
Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%,
08/15/30
|
34,313 |
31,612 |
American
Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%,
04/15/31
|
126,419 |
114,256 |
American
Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%,
08/15/33
|
307,854 |
273,737 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
BNSF
Funding Trust I | ||
6.61%,
12/15/55
(a)(b) |
100,000 |
97,736 |
Burlington
Northern Santa Fe LLC | ||
3.00%,
04/01/25
(a) |
240,000 |
234,831 |
7.00%,
12/15/25
|
150,000 |
156,814 |
3.25%,
06/15/27
(a) |
200,000 |
193,129 |
6.20%,
08/15/36
|
100,000 |
112,584 |
6.15%,
05/01/37
|
50,000 |
56,221 |
5.75%,
05/01/40
(a) |
50,000 |
54,634 |
5.05%,
03/01/41
(a) |
200,000 |
200,911 |
5.40%,
06/01/41
(a) |
250,000 |
262,766 |
4.40%,
03/15/42
(a) |
250,000 |
231,807 |
4.38%,
09/01/42
(a) |
350,000 |
323,614 |
4.45%,
03/15/43
(a) |
200,000 |
186,092 |
5.15%,
09/01/43
(a) |
200,000 |
205,955 |
4.90%,
04/01/44
(a) |
150,000 |
148,552 |
4.55%,
09/01/44
(a) |
425,000 |
397,738 |
4.70%,
09/01/45
(a) |
200,000 |
192,417 |
3.90%,
08/01/46
(a) |
100,000 |
85,147 |
4.13%,
06/15/47
(a) |
225,000 |
197,938 |
4.05%,
06/15/48
(a) |
400,000 |
348,386 |
4.15%,
12/15/48
(a) |
500,000 |
442,419 |
3.05%,
02/15/51
(a) |
225,000 |
163,358 |
3.30%,
09/15/51
(a) |
450,000 |
343,588 |
2.88%,
06/15/52
(a) |
150,000 |
105,231 |
4.45%,
01/15/53
(a) |
250,000 |
236,021 |
5.20%,
04/15/54
(a) |
450,000 |
469,926 |
Canadian
National Railway Co. | ||
6.90%,
07/15/28
|
150,000 |
165,200 |
3.85%,
08/05/32
(a) |
250,000 |
238,206 |
6.38%,
11/15/37
|
150,000 |
170,270 |
3.20%,
08/02/46
(a) |
250,000 |
193,795 |
3.65%,
02/03/48
(a) |
200,000 |
166,754 |
4.45%,
01/20/49
(a) |
200,000 |
186,355 |
2.45%,
05/01/50
(a) |
200,000 |
131,665 |
4.40%,
08/05/52
(a) |
250,000 |
235,028 |
Canadian
Pacific Railway Co. | ||
2.90%,
02/01/25
(a) |
171,000 |
166,726 |
1.75%,
12/02/26
(a) |
200,000 |
184,642 |
4.00%,
06/01/28
(a) |
200,000 |
195,833 |
2.88%,
11/15/29
(a) |
150,000 |
135,417 |
2.05%,
03/05/30
(a) |
200,000 |
171,560 |
7.13%,
10/15/31
|
125,000 |
142,131 |
2.45%,
12/02/31
(a) |
450,000 |
417,620 |
4.80%,
09/15/35
(a) |
145,000 |
142,180 |
5.95%,
05/15/37
|
155,000 |
165,794 |
3.00%,
12/02/41
(a) |
300,000 |
268,364 |
4.30%,
05/15/43
(a) |
125,000 |
109,715 |
4.80%,
08/01/45
(a) |
150,000 |
141,616 |
4.95%,
08/15/45
(a) |
100,000 |
95,321 |
4.70%,
05/01/48
(a) |
350,000 |
319,254 |
3.50%,
05/01/50
(a) |
150,000 |
115,447 |
3.10%,
12/02/51
(a) |
500,000 |
362,320 |
4.20%,
11/15/69
(a) |
75,000 |
62,465 |
6.13%,
09/15/15
(a) |
239,000 |
267,506 |
CH
Robinson Worldwide, Inc. | ||
4.20%,
04/15/28
(a) |
200,000 |
193,795 |
CSX
Corp. | ||
3.35%,
11/01/25
(a) |
150,000 |
146,334 |
2.60%,
11/01/26
(a) |
250,000 |
238,203 |
3.25%,
06/01/27
(a) |
378,000 |
364,847 |
3.80%,
03/01/28
(a) |
300,000 |
294,846 |
2.40%,
02/15/30
(a) |
275,000 |
243,872 |
4.10%,
11/15/32
(a) |
85,000 |
82,704 |
6.00%,
10/01/36
|
200,000 |
220,083 |
6.15%,
05/01/37
|
250,000 |
279,568 |
6.22%,
04/30/40
|
275,000 |
309,938 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.50%,
04/15/41
(a) |
150,000 |
156,907 |
4.75%,
05/30/42
(a) |
50,000 |
47,886 |
4.40%,
03/01/43
(a) |
150,000 |
137,213 |
4.10%,
03/15/44
(a) |
250,000 |
219,099 |
3.80%,
11/01/46
(a) |
250,000 |
208,015 |
4.30%,
03/01/48
(a) |
50,000 |
44,624 |
4.75%,
11/15/48
(a) |
220,000 |
209,827 |
4.50%,
03/15/49
(a) |
150,000 |
137,227 |
3.35%,
09/15/49
(a) |
450,000 |
340,986 |
3.80%,
04/15/50
(a) |
150,000 |
123,128 |
3.95%,
05/01/50
(a) |
150,000 |
126,537 |
2.50%,
05/15/51
(a) |
150,000 |
97,326 |
4.50%,
11/15/52
(a) |
100,000 |
93,056 |
4.50%,
08/01/54
(a) |
150,000 |
138,902 |
4.25%,
11/01/66
(a) |
250,000 |
214,066 |
4.65%,
03/01/68
(a) |
125,000 |
115,235 |
Delta
Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%,
12/10/29
|
138,376 |
123,056 |
FedEx
Corp. 2020-1 Class AA Pass-Through Trust | ||
1.88%,
08/20/35
|
209,896 |
175,582 |
FedEx
Corp. | ||
3.25%,
04/01/26
(a) |
250,000 |
241,934 |
3.40%,
02/15/28
(a) |
150,000 |
144,023 |
4.20%,
10/17/28
(a) |
150,000 |
147,679 |
3.10%,
08/05/29
(a) |
350,000 |
324,361 |
4.25%,
05/15/30
(a) |
300,000 |
293,965 |
2.40%,
05/15/31
(a) |
50,000 |
43,041 |
4.90%,
01/15/34
|
112,000 |
113,740 |
3.90%,
02/01/35
|
150,000 |
137,481 |
3.25%,
05/15/41
(a) |
250,000 |
193,707 |
3.88%,
08/01/42
|
200,000 |
166,897 |
5.10%,
01/15/44
|
225,000 |
218,014 |
4.10%,
02/01/45
|
227,000 |
191,972 |
4.75%,
11/15/45
(a) |
265,000 |
244,675 |
4.55%,
04/01/46
(a) |
400,000 |
359,711 |
4.40%,
01/15/47
(a) |
275,000 |
240,391 |
4.05%,
02/15/48
(a) |
300,000 |
250,633 |
4.95%,
10/17/48
(a) |
250,000 |
237,754 |
5.25%,
05/15/50
(a)(c) |
275,000 |
274,697 |
GXO
Logistics, Inc. | ||
1.65%,
07/15/26
(a) |
210,000 |
190,126 |
2.65%,
07/15/31
(a) |
150,000 |
123,405 |
JB
Hunt Transport Services, Inc. | ||
3.88%,
03/01/26
(a) |
225,000 |
220,381 |
JetBlue
2019-1 Class AA Pass-Through Trust | ||
2.75%,
11/15/33
|
122,566 |
103,603 |
JetBlue
2020-1 Class A Pass-Through Trust | ||
4.00%,
05/15/34
(c) |
200,922 |
183,737 |
Kirby
Corp. | ||
4.20%,
03/01/28
(a) |
250,000 |
241,738 |
Norfolk
Southern Corp. | ||
2.90%,
06/15/26
(a) |
300,000 |
288,060 |
7.80%,
05/15/27
|
50,000 |
54,977 |
3.15%,
06/01/27
(a) |
100,000 |
95,722 |
2.55%,
11/01/29
(a) |
200,000 |
179,953 |
5.05%,
08/01/30
(a) |
250,000 |
256,513 |
2.30%,
05/15/31
(a) |
200,000 |
172,837 |
3.00%,
03/15/32
(a) |
235,000 |
209,359 |
4.45%,
03/01/33
(a) |
100,000 |
98,825 |
4.84%,
10/01/41
|
200,000 |
193,725 |
3.95%,
10/01/42
(a) |
100,000 |
85,608 |
4.45%,
06/15/45
(a) |
250,000 |
224,718 |
4.65%,
01/15/46
(a) |
150,000 |
138,579 |
3.94%,
11/01/47
(a) |
250,000 |
209,077 |
4.15%,
02/28/48
(a) |
275,000 |
237,713 |
4.10%,
05/15/49
(a) |
250,000 |
213,672 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.40%,
11/01/49
(a) |
250,000 |
189,674 |
3.05%,
05/15/50
(a) |
350,000 |
249,823 |
2.90%,
08/25/51
(a) |
75,000 |
51,415 |
4.05%,
08/15/52
(a) |
250,000 |
211,442 |
3.70%,
03/15/53
(a) |
100,000 |
79,476 |
4.55%,
06/01/53
(a) |
270,000 |
247,256 |
3.16%,
05/15/55
(a) |
360,000 |
254,602 |
Ryder
System, Inc. | ||
3.35%,
09/01/25
(a) |
185,000 |
179,603 |
1.75%,
09/01/26
(a) |
150,000 |
138,343 |
2.90%,
12/01/26
(a) |
200,000 |
188,920 |
2.85%,
03/01/27
(a) |
150,000 |
141,062 |
4.30%,
06/15/27
(a) |
50,000 |
48,959 |
5.25%,
06/01/28
(a) |
200,000 |
202,873 |
6.30%,
12/01/28
(a) |
100,000 |
106,083 |
6.60%,
12/01/33
(a) |
200,000 |
222,291 |
Southwest
Airlines Co. | ||
5.25%,
05/04/25
(a) |
375,000 |
375,284 |
3.00%,
11/15/26
(a) |
200,000 |
190,074 |
5.13%,
06/15/27
(a) |
475,000 |
477,459 |
3.45%,
11/16/27
(a) |
100,000 |
94,811 |
2.63%,
02/10/30
(a) |
150,000 |
131,308 |
Triton
Container International Ltd./TAL International Container
Corp. | ||
3.25%,
03/15/32
(a) |
200,000 |
161,615 |
Union
Pacific Corp. | ||
3.25%,
08/15/25
(a) |
200,000 |
195,666 |
2.75%,
03/01/26
(a) |
200,000 |
192,875 |
2.15%,
02/05/27
(a) |
175,000 |
163,699 |
3.00%,
04/15/27
(a) |
75,000 |
71,784 |
3.95%,
09/10/28
(a) |
300,000 |
298,149 |
6.63%,
02/01/29
|
200,000 |
221,616 |
3.70%,
03/01/29
(a) |
300,000 |
293,575 |
2.40%,
02/05/30
(a) |
475,000 |
424,640 |
2.38%,
05/20/31
(a) |
300,000 |
260,998 |
2.80%,
02/14/32
(a) |
400,000 |
355,225 |
3.38%,
02/01/35
(a) |
150,000 |
132,616 |
2.89%,
04/06/36
(a) |
250,000 |
210,893 |
3.60%,
09/15/37
(a) |
200,000 |
178,581 |
3.55%,
08/15/39
(a) |
150,000 |
129,030 |
3.20%,
05/20/41
(a) |
350,000 |
281,111 |
3.38%,
02/14/42
(a) |
100,000 |
81,957 |
4.05%,
11/15/45
(a) |
120,000 |
102,675 |
4.05%,
03/01/46
(a) |
275,000 |
235,799 |
4.00%,
04/15/47
(a) |
200,000 |
169,669 |
4.50%,
09/10/48
(a) |
125,000 |
114,696 |
4.30%,
03/01/49
(a) |
250,000 |
222,529 |
3.25%,
02/05/50
(a) |
550,000 |
421,686 |
3.80%,
10/01/51
(a) |
290,000 |
243,499 |
3.50%,
02/14/53
(a) |
545,000 |
432,447 |
3.88%,
02/01/55
(a) |
150,000 |
123,230 |
3.95%,
08/15/59
(a) |
250,000 |
205,605 |
3.84%,
03/20/60
(a) |
550,000 |
449,690 |
3.55%,
05/20/61
(a) |
200,000 |
151,364 |
2.97%,
09/16/62
(a) |
350,000 |
236,630 |
4.10%,
09/15/67
(a) |
225,000 |
187,848 |
3.75%,
02/05/70
(a) |
250,000 |
195,142 |
3.80%,
04/06/71
(a) |
300,000 |
237,717 |
United
Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%,
02/15/27
|
221,301 |
213,744 |
United
Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%,
10/11/27
|
77,583 |
73,740 |
United
Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%,
03/03/28
|
184,260 |
173,861 |
United
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%,
01/07/30
|
307,532 |
281,130 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
United
Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%,
04/07/30
|
206,355 |
184,990 |
United
Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%,
09/01/31
|
189,887 |
172,486 |
United
Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%,
02/25/33
|
130,852 |
120,922 |
United
Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%,
11/01/33
|
208,368 |
175,733 |
United
Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%,
04/15/29
|
48,524 |
49,089 |
United
Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%,
07/15/27
|
218,880 |
212,750 |
United
Airlines 2023-1 Class A Pass-Through Trust | ||
5.80%,
07/15/37
|
375,000 |
380,920 |
United
Parcel Service, Inc. | ||
3.90%,
04/01/25
(a) |
250,000 |
247,274 |
3.05%,
11/15/27
(a) |
250,000 |
239,706 |
3.40%,
03/15/29
(a) |
125,000 |
121,118 |
2.50%,
09/01/29
(a) |
150,000 |
136,539 |
4.45%,
04/01/30
(a) |
325,000 |
328,410 |
4.88%,
03/03/33
(a) |
250,000 |
259,707 |
6.20%,
01/15/38
|
400,000 |
458,804 |
5.20%,
04/01/40
(a) |
150,000 |
156,449 |
4.88%,
11/15/40
(a) |
150,000 |
150,775 |
3.63%,
10/01/42
|
100,000 |
85,362 |
3.40%,
11/15/46
(a) |
150,000 |
120,751 |
3.75%,
11/15/47
(a) |
360,000 |
305,697 |
4.25%,
03/15/49
(a) |
210,000 |
191,542 |
3.40%,
09/01/49
(a) |
200,000 |
161,577 |
5.30%,
04/01/50
(a) |
350,000 |
372,745 |
5.05%,
03/03/53
(a) |
300,000 |
311,645 |
|
|
41,104,319 |
|
|
1,087,596,972 |
| ||
Utility
2.2% | ||
Electric
1.9%
| ||
AEP
Texas, Inc. | ||
3.95%,
06/01/28
(a) |
95,000 |
91,695 |
2.10%,
07/01/30
(a) |
300,000 |
252,171 |
3.80%,
10/01/47
(a) |
185,000 |
140,516 |
4.15%,
05/01/49
(a) |
100,000 |
81,318 |
3.45%,
01/15/50
(a) |
200,000 |
145,645 |
3.45%,
05/15/51
(a) |
200,000 |
144,492 |
5.25%,
05/15/52
(a) |
175,000 |
170,206 |
AEP
Transmission Co. LLC | ||
3.75%,
12/01/47
(a) |
250,000 |
199,945 |
4.25%,
09/15/48
(a) |
285,000 |
246,931 |
3.80%,
06/15/49
(a) |
100,000 |
79,821 |
3.15%,
09/15/49
(a) |
75,000 |
53,957 |
3.65%,
04/01/50
(a) |
200,000 |
158,426 |
5.40%,
03/15/53
(a) |
200,000 |
208,720 |
AES
Corp. | ||
1.38%,
01/15/26
(a) |
140,000 |
129,625 |
5.45%,
06/01/28
(a) |
250,000 |
254,328 |
2.45%,
01/15/31
(a) |
275,000 |
231,257 |
Alabama
Power Co. | ||
1.45%,
09/15/30
(a) |
190,000 |
154,286 |
3.05%,
03/15/32
(a) |
200,000 |
177,740 |
3.94%,
09/01/32
(a) |
175,000 |
166,857 |
6.00%,
03/01/39
|
150,000 |
161,800 |
3.85%,
12/01/42
|
150,000 |
126,807 |
4.15%,
08/15/44
(a) |
150,000 |
129,785 |
3.75%,
03/01/45
(a) |
175,000 |
142,926 |
4.30%,
01/02/46
(a) |
150,000 |
131,700 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.70%,
12/01/47
(a) |
200,000 |
159,292 |
4.30%,
07/15/48
(a) |
150,000 |
130,835 |
3.45%,
10/01/49
(a) |
200,000 |
152,373 |
3.13%,
07/15/51
(a) |
200,000 |
144,550 |
3.00%,
03/15/52
(a) |
150,000 |
105,128 |
Ameren
Corp. | ||
3.65%,
02/15/26
(a) |
175,000 |
170,148 |
5.70%,
12/01/26
(a) |
200,000 |
204,876 |
5.00%,
01/15/29
(a) |
200,000 |
201,184 |
3.50%,
01/15/31
(a) |
300,000 |
273,899 |
Ameren
Illinois Co. | ||
3.85%,
09/01/32
(a) |
200,000 |
186,864 |
4.95%,
06/01/33
(a) |
150,000 |
152,042 |
4.15%,
03/15/46
(a) |
175,000 |
152,296 |
3.70%,
12/01/47
(a) |
175,000 |
143,486 |
4.50%,
03/15/49
(a) |
150,000 |
137,858 |
3.25%,
03/15/50
(a) |
100,000 |
73,939 |
2.90%,
06/15/51
(a) |
50,000 |
34,215 |
5.90%,
12/01/52
(a) |
100,000 |
112,250 |
American
Electric Power Co., Inc. | ||
5.75%,
11/01/27
(a) |
250,000 |
258,978 |
3.20%,
11/13/27
(a) |
50,000 |
47,671 |
4.30%,
12/01/28
(a) |
350,000 |
342,450 |
5.20%,
01/15/29
(a) |
200,000 |
202,974 |
2.30%,
03/01/30
(a) |
200,000 |
171,413 |
5.95%,
11/01/32
(a) |
200,000 |
214,387 |
5.63%,
03/01/33
(a) |
200,000 |
208,603 |
3.25%,
03/01/50
(a) |
150,000 |
107,453 |
3.88%,
02/15/62
(a)(b) |
250,000 |
212,117 |
Appalachian
Power Co. | ||
3.40%,
06/01/25
(a) |
200,000 |
195,731 |
3.30%,
06/01/27
(a) |
250,000 |
238,482 |
2.70%,
04/01/31
(a) |
100,000 |
85,799 |
4.50%,
08/01/32
(a) |
100,000 |
96,443 |
7.00%,
04/01/38
|
210,000 |
243,707 |
4.40%,
05/15/44
(a) |
150,000 |
126,005 |
4.45%,
06/01/45
(a) |
150,000 |
127,678 |
4.50%,
03/01/49
(a) |
160,000 |
136,233 |
3.70%,
05/01/50
(a) |
195,000 |
146,563 |
Arizona
Public Service Co. | ||
3.15%,
05/15/25
(a) |
75,000 |
73,141 |
2.20%,
12/15/31
(a) |
150,000 |
122,453 |
5.55%,
08/01/33
(a) |
200,000 |
207,367 |
5.05%,
09/01/41
(a) |
155,000 |
147,476 |
4.35%,
11/15/45
(a) |
175,000 |
147,988 |
3.75%,
05/15/46
(a) |
100,000 |
76,480 |
4.20%,
08/15/48
(a) |
125,000 |
101,788 |
4.25%,
03/01/49
(a) |
150,000 |
121,797 |
3.50%,
12/01/49
(a) |
50,000 |
35,819 |
3.35%,
05/15/50
(a) |
190,000 |
136,845 |
2.65%,
09/15/50
(a) |
250,000 |
154,985 |
Atlantic
City Electric Co. | ||
4.00%,
10/15/28
(a) |
145,000 |
142,021 |
Avangrid,
Inc. | ||
3.20%,
04/15/25
(a) |
175,000 |
170,308 |
3.80%,
06/01/29
(a) |
195,000 |
183,840 |
Avista
Corp. | ||
4.35%,
06/01/48
(a) |
150,000 |
127,186 |
4.00%,
04/01/52
(a) |
150,000 |
119,997 |
Baltimore
Gas & Electric Co. | ||
2.25%,
06/15/31
(a) |
150,000 |
128,180 |
6.35%,
10/01/36
|
155,000 |
170,491 |
3.50%,
08/15/46
(a) |
100,000 |
77,260 |
3.75%,
08/15/47
(a) |
150,000 |
120,669 |
4.25%,
09/15/48
(a) |
100,000 |
86,907 |
3.20%,
09/15/49
(a) |
100,000 |
73,154 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.90%,
06/15/50
(a) |
180,000 |
123,823 |
4.55%,
06/01/52
(a) |
175,000 |
160,782 |
5.40%,
06/01/53
(a) |
150,000 |
155,445 |
Berkshire
Hathaway Energy Co. | ||
3.50%,
02/01/25
(a) |
150,000 |
147,766 |
4.05%,
04/15/25
(a) |
350,000 |
346,197 |
3.25%,
04/15/28
(a) |
200,000 |
190,148 |
3.70%,
07/15/30
(a) |
200,000 |
189,527 |
1.65%,
05/15/31
(a) |
175,000 |
140,662 |
6.13%,
04/01/36
|
500,000 |
542,741 |
5.95%,
05/15/37
|
150,000 |
160,496 |
5.15%,
11/15/43
(a) |
260,000 |
257,751 |
4.50%,
02/01/45
(a) |
250,000 |
232,459 |
3.80%,
07/15/48
(a) |
305,000 |
242,220 |
4.45%,
01/15/49
(a) |
300,000 |
263,901 |
4.25%,
10/15/50
(a) |
200,000 |
170,011 |
2.85%,
05/15/51
(a) |
500,000 |
339,134 |
4.60%,
05/01/53
(a) |
300,000 |
268,098 |
Black
Hills Corp. | ||
3.15%,
01/15/27
(a) |
150,000 |
142,570 |
5.95%,
03/15/28
(a) |
25,000 |
25,932 |
3.05%,
10/15/29
(a) |
175,000 |
157,526 |
2.50%,
06/15/30
(a) |
200,000 |
168,714 |
4.35%,
05/01/33
(a) |
150,000 |
139,200 |
4.20%,
09/15/46
(a) |
100,000 |
80,567 |
3.88%,
10/15/49
(a) |
110,000 |
82,696 |
CenterPoint
Energy Houston Electric LLC | ||
2.40%,
09/01/26
(a) |
100,000 |
94,408 |
3.00%,
03/01/32
(a) |
250,000 |
221,708 |
4.45%,
10/01/32
(a) |
200,000 |
196,717 |
6.95%,
03/15/33
|
125,000 |
144,989 |
4.95%,
04/01/33
(a) |
350,000 |
357,490 |
3.55%,
08/01/42
(a) |
128,000 |
104,124 |
3.95%,
03/01/48
(a) |
200,000 |
171,281 |
4.25%,
02/01/49
(a) |
250,000 |
221,211 |
2.90%,
07/01/50
(a) |
225,000 |
158,887 |
3.60%,
03/01/52
(a) |
385,000 |
306,830 |
CenterPoint
Energy, Inc. | ||
2.95%,
03/01/30
(a) |
300,000 |
266,654 |
3.70%,
09/01/49
(a) |
175,000 |
132,961 |
Cleco
Corporate Holdings LLC | ||
3.74%,
05/01/26
(a) |
170,000 |
164,277 |
4.97%,
05/01/46
(a) |
200,000 |
169,494 |
Cleveland
Electric Illuminating Co. | ||
5.95%,
12/15/36
|
150,000 |
154,310 |
CMS
Energy Corp. | ||
3.00%,
05/15/26
(a) |
100,000 |
95,598 |
3.45%,
08/15/27
(a) |
200,000 |
190,655 |
4.88%,
03/01/44
(a) |
100,000 |
95,292 |
4.75%,
06/01/50
(a)(b) |
200,000 |
181,304 |
Commonwealth
Edison Co. | ||
2.55%,
06/15/26
(a) |
323,000 |
308,186 |
3.70%,
08/15/28
(a) |
300,000 |
290,539 |
6.45%,
01/15/38
|
300,000 |
333,198 |
3.80%,
10/01/42
(a) |
200,000 |
167,155 |
4.60%,
08/15/43
(a) |
150,000 |
139,544 |
4.70%,
01/15/44
(a) |
150,000 |
140,370 |
3.70%,
03/01/45
(a) |
100,000 |
81,089 |
4.35%,
11/15/45
(a) |
150,000 |
131,929 |
3.65%,
06/15/46
(a) |
250,000 |
198,449 |
3.75%,
08/15/47
(a) |
200,000 |
161,969 |
4.00%,
03/01/48
(a) |
150,000 |
127,574 |
4.00%,
03/01/49
(a) |
150,000 |
126,474 |
3.20%,
11/15/49
(a) |
100,000 |
72,075 |
3.00%,
03/01/50
(a) |
300,000 |
209,511 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.13%,
03/15/51
(a) |
250,000 |
177,599 |
3.85%,
03/15/52
(a) |
100,000 |
81,090 |
Connecticut
Light & Power Co. | ||
0.75%,
12/01/25
(a) |
50,000 |
46,360 |
3.20%,
03/15/27
(a) |
200,000 |
192,217 |
2.05%,
07/01/31
(a) |
100,000 |
83,320 |
4.90%,
07/01/33
(a) |
110,000 |
111,758 |
4.30%,
04/15/44
(a) |
150,000 |
133,290 |
4.00%,
04/01/48
(a) |
250,000 |
213,741 |
Consolidated
Edison Co. of New York, Inc. | ||
4.00%,
12/01/28
(a) |
200,000 |
195,567 |
3.35%,
04/01/30
(a) |
400,000 |
374,050 |
2.40%,
06/15/31
(a) |
125,000 |
108,231 |
5.50%,
03/15/34
(a) |
250,000 |
263,049 |
5.30%,
03/01/35
|
150,000 |
153,622 |
5.85%,
03/15/36
|
150,000 |
159,144 |
6.30%,
08/15/37
|
200,000 |
219,629 |
6.75%,
04/01/38
|
200,000 |
229,807 |
5.50%,
12/01/39
|
250,000 |
253,030 |
5.70%,
06/15/40
|
150,000 |
155,844 |
4.20%,
03/15/42
|
100,000 |
86,906 |
3.95%,
03/01/43
(a) |
250,000 |
213,445 |
4.45%,
03/15/44
(a) |
275,000 |
247,295 |
4.50%,
12/01/45
(a) |
415,000 |
370,842 |
3.88%,
06/15/47
(a) |
175,000 |
142,457 |
4.13%,
05/15/49
(a) |
200,000 |
168,201 |
3.95%,
04/01/50
(a) |
350,000 |
293,212 |
6.15%,
11/15/52
(a) |
250,000 |
284,596 |
4.63%,
12/01/54
(a) |
275,000 |
248,560 |
4.30%,
12/01/56
(a) |
100,000 |
84,341 |
4.00%,
11/15/57
(a) |
150,000 |
125,098 |
4.50%,
05/15/58
(a) |
190,000 |
165,476 |
3.70%,
11/15/59
(a) |
250,000 |
189,235 |
3.00%,
12/01/60
(a) |
200,000 |
130,902 |
3.60%,
06/15/61
(a) |
200,000 |
151,187 |
Constellation
Energy Generation LLC | ||
3.25%,
06/01/25
(a) |
250,000 |
243,006 |
5.60%,
03/01/28
(a) |
200,000 |
206,112 |
5.80%,
03/01/33
(a) |
200,000 |
210,949 |
6.13%,
01/15/34
(a) |
150,000 |
160,952 |
6.25%,
10/01/39
|
250,000 |
268,405 |
5.75%,
10/01/41
(a) |
100,000 |
100,438 |
5.60%,
06/15/42
(a) |
225,000 |
225,400 |
6.50%,
10/01/53
(a) |
150,000 |
169,693 |
Consumers
Energy Co. | ||
4.90%,
02/15/29
(a) |
200,000 |
204,165 |
3.95%,
05/15/43
(a) |
250,000 |
215,761 |
3.25%,
08/15/46
(a) |
100,000 |
79,500 |
3.95%,
07/15/47
(a) |
145,000 |
123,038 |
4.05%,
05/15/48
(a) |
200,000 |
175,385 |
4.35%,
04/15/49
(a) |
200,000 |
180,521 |
3.75%,
02/15/50
(a) |
150,000 |
124,320 |
3.10%,
08/15/50
(a) |
350,000 |
259,120 |
3.50%,
08/01/51
(a) |
125,000 |
98,349 |
2.50%,
05/01/60
(a) |
275,000 |
168,948 |
Dayton
Power & Light Co. | ||
3.95%,
06/15/49
(a) |
240,000 |
185,714 |
Delmarva
Power & Light Co. | ||
4.15%,
05/15/45
(a) |
400,000 |
336,524 |
Dominion
Energy South Carolina, Inc. | ||
2.30%,
12/01/31
(a) |
150,000 |
126,105 |
5.30%,
05/15/33
|
100,000 |
103,869 |
6.05%,
01/15/38
|
250,000 |
272,257 |
5.45%,
02/01/41
(a) |
100,000 |
101,789 |
5.10%,
06/01/65
(a) |
100,000 |
95,763 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Dominion
Energy, Inc. | ||
3.30%,
03/15/25
(a) |
100,000 |
97,722 |
3.90%,
10/01/25
(a) |
200,000 |
196,374 |
1.45%,
04/15/26
(a) |
150,000 |
139,217 |
2.85%,
08/15/26
(a) |
200,000 |
188,835 |
3.60%,
03/15/27
(a) |
200,000 |
192,217 |
4.25%,
06/01/28
(a) |
250,000 |
246,052 |
3.38%,
04/01/30
(a) |
400,000 |
369,047 |
5.38%,
11/15/32
(a) |
250,000 |
256,599 |
6.30%,
03/15/33
|
245,000 |
263,272 |
5.25%,
08/01/33
|
250,000 |
254,227 |
5.95%,
06/15/35
|
150,000 |
158,384 |
7.00%,
06/15/38
|
250,000 |
282,605 |
4.90%,
08/01/41
(a) |
200,000 |
185,324 |
4.05%,
09/15/42
(a) |
200,000 |
163,575 |
4.70%,
12/01/44
(a) |
150,000 |
133,304 |
4.60%,
03/15/49
(a) |
150,000 |
133,074 |
DTE
Electric Co. | ||
3.38%,
03/01/25
(a) |
250,000 |
245,818 |
2.25%,
03/01/30
(a) |
250,000 |
219,549 |
2.63%,
03/01/31
(a) |
300,000 |
263,808 |
4.00%,
04/01/43
(a) |
150,000 |
129,581 |
4.30%,
07/01/44
(a) |
150,000 |
134,576 |
3.70%,
03/15/45
(a) |
275,000 |
225,324 |
3.70%,
06/01/46
(a) |
125,000 |
101,542 |
3.75%,
08/15/47
(a) |
150,000 |
121,301 |
4.05%,
05/15/48
(a) |
200,000 |
170,963 |
3.95%,
03/01/49
(a) |
189,000 |
159,323 |
2.95%,
03/01/50
(a) |
50,000 |
35,173 |
3.25%,
04/01/51
(a) |
200,000 |
147,062 |
5.40%,
04/01/53
(a) |
200,000 |
210,507 |
DTE
Energy Co. | ||
2.85%,
10/01/26
(a) |
320,000 |
302,782 |
3.40%,
06/15/29
(a) |
250,000 |
233,825 |
2.95%,
03/01/30
(a) |
150,000 |
133,158 |
Duke
Energy Carolinas LLC | ||
3.95%,
11/15/28
(a) |
236,000 |
232,365 |
2.45%,
02/01/30
(a) |
250,000 |
222,860 |
2.55%,
04/15/31
(a) |
475,000 |
413,590 |
6.45%,
10/15/32
|
325,000 |
359,524 |
4.95%,
01/15/33
(a) |
250,000 |
255,062 |
6.10%,
06/01/37
|
150,000 |
161,843 |
6.00%,
01/15/38
|
200,000 |
215,945 |
6.05%,
04/15/38
|
175,000 |
190,472 |
5.30%,
02/15/40
|
250,000 |
253,571 |
4.25%,
12/15/41
(a) |
250,000 |
221,781 |
4.00%,
09/30/42
(a) |
200,000 |
171,268 |
3.75%,
06/01/45
(a) |
200,000 |
160,464 |
3.88%,
03/15/46
(a) |
150,000 |
122,176 |
3.70%,
12/01/47
(a) |
200,000 |
157,765 |
3.95%,
03/15/48
(a) |
350,000 |
290,876 |
3.20%,
08/15/49
(a) |
300,000 |
218,846 |
3.45%,
04/15/51
(a) |
150,000 |
114,161 |
5.35%,
01/15/53
(a) |
200,000 |
205,539 |
Duke
Energy Corp. | ||
0.90%,
09/15/25
(a) |
200,000 |
186,682 |
2.65%,
09/01/26
(a) |
500,000 |
474,741 |
3.15%,
08/15/27
(a) |
420,000 |
397,520 |
5.00%,
12/08/27
(a) |
200,000 |
202,576 |
4.30%,
03/15/28
(a) |
200,000 |
197,276 |
3.40%,
06/15/29
(a) |
200,000 |
188,288 |
2.45%,
06/01/30
(a) |
300,000 |
262,415 |
2.55%,
06/15/31
(a) |
500,000 |
427,373 |
4.50%,
08/15/32
(a) |
300,000 |
290,906 |
3.30%,
06/15/41
(a) |
150,000 |
115,301 |
4.80%,
12/15/45
(a) |
100,000 |
92,272 |
3.75%,
09/01/46
(a) |
400,000 |
310,117 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.95%,
08/15/47
(a) |
175,000 |
139,115 |
4.20%,
06/15/49
(a) |
200,000 |
164,634 |
3.50%,
06/15/51
(a) |
250,000 |
184,235 |
5.00%,
08/15/52
(a) |
275,000 |
257,226 |
3.25%,
01/15/82
(a)(b) |
145,000 |
113,608 |
Duke
Energy Florida LLC | ||
3.80%,
07/15/28
(a) |
330,000 |
320,663 |
2.50%,
12/01/29
(a) |
150,000 |
133,963 |
1.75%,
06/15/30
(a) |
275,000 |
230,047 |
5.88%,
11/15/33
(a) |
200,000 |
216,068 |
6.35%,
09/15/37
|
170,000 |
189,294 |
6.40%,
06/15/38
|
300,000 |
336,472 |
5.65%,
04/01/40
|
155,000 |
161,746 |
3.85%,
11/15/42
(a) |
150,000 |
124,134 |
3.40%,
10/01/46
(a) |
300,000 |
225,897 |
4.20%,
07/15/48
(a) |
200,000 |
173,934 |
3.00%,
12/15/51
(a) |
50,000 |
34,314 |
Duke
Energy Indiana LLC | ||
6.12%,
10/15/35
|
100,000 |
107,151 |
6.35%,
08/15/38
|
200,000 |
223,243 |
6.45%,
04/01/39
|
200,000 |
224,616 |
4.90%,
07/15/43
(a) |
75,000 |
72,303 |
3.75%,
05/15/46
(a) |
200,000 |
160,116 |
3.25%,
10/01/49
(a) |
200,000 |
145,844 |
2.75%,
04/01/50
(a) |
85,000 |
55,292 |
Duke
Energy Ohio, Inc. | ||
3.65%,
02/01/29
(a) |
150,000 |
144,857 |
2.13%,
06/01/30
(a) |
200,000 |
170,345 |
3.70%,
06/15/46
(a) |
125,000 |
100,383 |
4.30%,
02/01/49
(a) |
550,000 |
469,685 |
Duke
Energy Progress LLC | ||
3.25%,
08/15/25
(a) |
250,000 |
244,418 |
2.00%,
08/15/31
(a) |
200,000 |
165,647 |
6.30%,
04/01/38
|
275,000 |
304,917 |
4.10%,
05/15/42
(a) |
225,000 |
195,227 |
4.10%,
03/15/43
(a) |
100,000 |
85,789 |
4.38%,
03/30/44
(a) |
175,000 |
155,843 |
4.15%,
12/01/44
(a) |
220,000 |
188,381 |
4.20%,
08/15/45
(a) |
75,000 |
64,305 |
3.70%,
10/15/46
(a) |
200,000 |
157,023 |
3.60%,
09/15/47
(a) |
250,000 |
194,073 |
2.50%,
08/15/50
(a) |
250,000 |
158,081 |
2.90%,
08/15/51
(a) |
150,000 |
101,697 |
Edison
International | ||
5.75%,
06/15/27
(a) |
300,000 |
306,874 |
4.13%,
03/15/28
(a) |
200,000 |
193,555 |
5.25%,
11/15/28
(a) |
200,000 |
201,587 |
6.95%,
11/15/29
(a) |
200,000 |
217,621 |
El
Paso Electric Co. | ||
6.00%,
05/15/35
|
169,000 |
172,665 |
5.00%,
12/01/44
(a) |
50,000 |
42,177 |
Emera
U.S. Finance LP | ||
3.55%,
06/15/26
(a) |
212,000 |
204,374 |
2.64%,
06/15/31
(a) |
100,000 |
82,188 |
4.75%,
06/15/46
(a) |
400,000 |
330,235 |
Enel
Americas SA | ||
4.00%,
10/25/26
(a) |
175,000 |
170,733 |
Enel
Chile SA | ||
4.88%,
06/12/28
(a) |
335,000 |
330,688 |
Entergy
Arkansas LLC | ||
3.50%,
04/01/26
(a) |
160,000 |
155,765 |
5.15%,
01/15/33
(a) |
125,000 |
127,971 |
5.30%,
09/15/33
(a) |
200,000 |
206,193 |
4.20%,
04/01/49
(a) |
175,000 |
150,657 |
2.65%,
06/15/51
(a) |
110,000 |
69,539 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Entergy
Corp. | ||
0.90%,
09/15/25
(a) |
350,000 |
326,152 |
2.95%,
09/01/26
(a) |
350,000 |
332,953 |
2.80%,
06/15/30
(a) |
250,000 |
220,831 |
2.40%,
06/15/31
(a) |
300,000 |
251,266 |
3.75%,
06/15/50
(a) |
245,000 |
185,382 |
Entergy
Louisiana LLC | ||
2.40%,
10/01/26
(a) |
200,000 |
187,564 |
3.12%,
09/01/27
(a) |
200,000 |
189,171 |
3.25%,
04/01/28
(a) |
200,000 |
188,140 |
1.60%,
12/15/30
(a) |
175,000 |
140,517 |
3.05%,
06/01/31
(a) |
200,000 |
177,070 |
4.00%,
03/15/33
(a) |
211,000 |
197,188 |
4.95%,
01/15/45
(a) |
125,000 |
115,992 |
4.20%,
09/01/48
(a) |
325,000 |
272,237 |
4.20%,
04/01/50
(a) |
220,000 |
187,007 |
2.90%,
03/15/51
(a) |
300,000 |
200,991 |
Entergy
Mississippi LLC | ||
3.85%,
06/01/49
(a) |
225,000 |
181,015 |
Entergy
Texas, Inc. | ||
4.00%,
03/30/29
(a) |
197,000 |
191,781 |
1.75%,
03/15/31
(a) |
250,000 |
204,810 |
3.55%,
09/30/49
(a) |
200,000 |
151,957 |
Evergy
Kansas Central, Inc. | ||
3.10%,
04/01/27
(a) |
250,000 |
238,622 |
4.13%,
03/01/42
(a) |
150,000 |
129,556 |
4.10%,
04/01/43
(a) |
250,000 |
211,804 |
4.25%,
12/01/45
(a) |
275,000 |
233,959 |
3.25%,
09/01/49
(a) |
285,000 |
202,316 |
3.45%,
04/15/50
(a) |
100,000 |
73,595 |
Evergy
Metro, Inc. | ||
2.25%,
06/01/30
(a) |
190,000 |
162,176 |
5.30%,
10/01/41
(a) |
50,000 |
49,717 |
4.20%,
06/15/47
(a) |
95,000 |
81,679 |
4.20%,
03/15/48
(a) |
75,000 |
63,497 |
4.13%,
04/01/49
(a) |
100,000 |
82,602 |
Evergy,
Inc. | ||
2.90%,
09/15/29
(a) |
250,000 |
226,667 |
Eversource
Energy | ||
3.15%,
01/15/25
(a) |
85,000 |
83,121 |
0.80%,
08/15/25
(a) |
200,000 |
186,624 |
4.75%,
05/15/26
|
200,000 |
199,163 |
2.90%,
03/01/27
(a) |
200,000 |
189,576 |
3.30%,
01/15/28
(a) |
250,000 |
237,444 |
5.45%,
03/01/28
(a) |
250,000 |
257,219 |
5.95%,
02/01/29
(a) |
200,000 |
209,958 |
4.25%,
04/01/29
(a) |
200,000 |
194,706 |
1.65%,
08/15/30
(a) |
400,000 |
325,985 |
2.55%,
03/15/31
(a) |
300,000 |
254,712 |
3.38%,
03/01/32
(a) |
200,000 |
177,470 |
5.13%,
05/15/33
(a) |
200,000 |
201,254 |
3.45%,
01/15/50
(a) |
200,000 |
145,028 |
Exelon
Corp. | ||
3.95%,
06/15/25
(a) |
150,000 |
147,550 |
3.40%,
04/15/26
(a) |
100,000 |
96,914 |
2.75%,
03/15/27
(a) |
200,000 |
188,513 |
5.15%,
03/15/28
(a) |
300,000 |
304,628 |
4.05%,
04/15/30
(a) |
450,000 |
430,181 |
3.35%,
03/15/32
(a) |
360,000 |
323,068 |
5.30%,
03/15/33
(a) |
250,000 |
255,516 |
4.95%,
06/15/35
(a)(d) |
200,000 |
192,559 |
5.63%,
06/15/35
|
150,000 |
154,877 |
5.10%,
06/15/45
(a) |
200,000 |
189,447 |
4.45%,
04/15/46
(a) |
100,000 |
87,131 |
4.70%,
04/15/50
(a) |
250,000 |
226,264 |
5.60%,
03/15/53
(a) |
200,000 |
203,450 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Florida
Power & Light Co. | ||
2.85%,
04/01/25
(a) |
500,000 |
488,372 |
3.13%,
12/01/25
(a) |
350,000 |
340,671 |
5.05%,
04/01/28
(a) |
300,000 |
307,126 |
4.40%,
05/15/28
(a) |
40,000 |
40,102 |
2.45%,
02/03/32
(a) |
500,000 |
430,161 |
5.10%,
04/01/33
(a) |
200,000 |
206,742 |
5.63%,
04/01/34
|
200,000 |
215,459 |
4.95%,
06/01/35
|
150,000 |
152,651 |
5.95%,
02/01/38
|
150,000 |
164,628 |
5.96%,
04/01/39
|
250,000 |
277,974 |
5.69%,
03/01/40
|
165,000 |
178,737 |
5.25%,
02/01/41
(a) |
100,000 |
102,213 |
4.13%,
02/01/42
(a) |
415,000 |
374,450 |
4.05%,
06/01/42
(a) |
200,000 |
177,530 |
3.80%,
12/15/42
(a) |
175,000 |
153,980 |
4.05%,
10/01/44
(a) |
100,000 |
87,736 |
3.70%,
12/01/47
(a) |
55,000 |
44,682 |
3.95%,
03/01/48
(a) |
250,000 |
213,642 |
4.13%,
06/01/48
(a) |
250,000 |
219,352 |
3.99%,
03/01/49
(a) |
250,000 |
214,388 |
3.15%,
10/01/49
(a) |
250,000 |
184,674 |
2.88%,
12/04/51
(a) |
400,000 |
277,882 |
5.30%,
04/01/53
(a) |
200,000 |
210,067 |
Fortis,
Inc. | ||
3.06%,
10/04/26
(a) |
310,000 |
294,765 |
Georgia
Power Co. | ||
3.25%,
04/01/26
(a) |
200,000 |
192,610 |
3.25%,
03/30/27
(a) |
100,000 |
95,679 |
4.65%,
05/16/28
(a) |
200,000 |
201,788 |
2.65%,
09/15/29
(a) |
100,000 |
90,825 |
4.70%,
05/15/32
(a) |
250,000 |
249,506 |
4.95%,
05/17/33
(a) |
250,000 |
252,912 |
4.75%,
09/01/40
|
100,000 |
93,365 |
4.30%,
03/15/42
|
275,000 |
244,235 |
4.30%,
03/15/43
|
150,000 |
130,923 |
3.70%,
01/30/50
(a) |
175,000 |
138,975 |
3.25%,
03/15/51
(a) |
200,000 |
145,414 |
5.13%,
05/15/52
(a) |
250,000 |
248,576 |
Iberdrola
International BV | ||
5.81%,
03/15/25
|
150,000 |
150,825 |
6.75%,
07/15/36
|
125,000 |
146,015 |
Idaho
Power Co. | ||
4.20%,
03/01/48
(a) |
200,000 |
170,296 |
Indiana
Michigan Power Co. | ||
3.85%,
05/15/28
(a) |
50,000 |
48,331 |
4.55%,
03/15/46
(a) |
100,000 |
89,773 |
3.75%,
07/01/47
(a) |
100,000 |
76,862 |
4.25%,
08/15/48
(a) |
200,000 |
168,861 |
Interstate
Power & Light Co. | ||
4.10%,
09/26/28
(a) |
250,000 |
243,242 |
3.60%,
04/01/29
(a) |
80,000 |
76,154 |
2.30%,
06/01/30
(a) |
300,000 |
257,504 |
3.70%,
09/15/46
(a) |
50,000 |
38,642 |
3.50%,
09/30/49
(a) |
150,000 |
112,178 |
3.10%,
11/30/51
(a) |
125,000 |
85,353 |
IPALCO
Enterprises, Inc. | ||
4.25%,
05/01/30
(a) |
210,000 |
194,863 |
ITC
Holdings Corp. | ||
3.25%,
06/30/26
(a) |
120,000 |
115,508 |
3.35%,
11/15/27
(a) |
175,000 |
166,706 |
5.30%,
07/01/43
(a) |
100,000 |
96,832 |
Kentucky
Utilities Co. | ||
5.13%,
11/01/40
(a) |
200,000 |
195,888 |
4.38%,
10/01/45
(a) |
150,000 |
130,092 |
3.30%,
06/01/50
(a) |
150,000 |
109,946 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Louisville
Gas & Electric Co. | ||
5.45%,
04/15/33
(a) |
150,000 |
156,575 |
4.25%,
04/01/49
(a) |
150,000 |
127,897 |
MidAmerican
Energy Co. | ||
3.10%,
05/01/27
(a) |
50,000 |
47,909 |
3.65%,
04/15/29
(a) |
300,000 |
286,954 |
6.75%,
12/30/31
|
200,000 |
228,213 |
5.35%,
01/15/34
(a) |
300,000 |
316,597 |
5.80%,
10/15/36
|
100,000 |
107,404 |
4.80%,
09/15/43
(a) |
200,000 |
189,282 |
4.40%,
10/15/44
(a) |
125,000 |
112,097 |
4.25%,
05/01/46
(a) |
150,000 |
131,411 |
3.95%,
08/01/47
(a) |
100,000 |
83,699 |
3.65%,
08/01/48
(a) |
250,000 |
199,724 |
4.25%,
07/15/49
(a) |
300,000 |
262,672 |
3.15%,
04/15/50
(a) |
315,000 |
227,044 |
Mississippi
Power Co. | ||
3.95%,
03/30/28
(a) |
225,000 |
218,802 |
4.25%,
03/15/42
|
100,000 |
85,655 |
3.10%,
07/30/51
(a) |
100,000 |
67,744 |
National
Grid PLC | ||
5.81%,
06/12/33
(a) |
250,000 |
263,433 |
National
Rural Utilities Cooperative Finance Corp. | ||
1.88%,
02/07/25
|
100,000 |
96,562 |
5.45%,
10/30/25
|
200,000 |
202,165 |
3.25%,
11/01/25
(a) |
400,000 |
388,701 |
4.45%,
03/13/26
(a) |
200,000 |
199,680 |
3.40%,
02/07/28
(a) |
350,000 |
336,187 |
3.90%,
11/01/28
(a) |
250,000 |
243,168 |
3.70%,
03/15/29
(a) |
200,000 |
190,421 |
2.40%,
03/15/30
(a) |
200,000 |
173,964 |
1.35%,
03/15/31
(a) |
250,000 |
196,883 |
1.65%,
06/15/31
(a) |
150,000 |
120,021 |
8.00%,
03/01/32
|
200,000 |
239,917 |
4.15%,
12/15/32
(a) |
200,000 |
190,432 |
5.80%,
01/15/33
(a) |
200,000 |
212,540 |
5.25%,
04/20/46
(a)(b) |
150,000 |
143,654 |
4.40%,
11/01/48
(a) |
130,000 |
114,221 |
4.30%,
03/15/49
(a) |
100,000 |
87,920 |
Nevada
Power Co. | ||
3.70%,
05/01/29
(a) |
150,000 |
144,443 |
6.65%,
04/01/36
|
250,000 |
275,607 |
6.75%,
07/01/37
|
75,000 |
85,493 |
3.13%,
08/01/50
(a) |
325,000 |
225,976 |
NextEra
Energy Capital Holdings, Inc. | ||
6.05%,
03/01/25
|
850,000 |
858,156 |
4.45%,
06/20/25
|
400,000 |
396,596 |
1.88%,
01/15/27
(a) |
350,000 |
322,183 |
3.55%,
05/01/27
(a) |
450,000 |
433,987 |
4.63%,
07/15/27
(a) |
400,000 |
399,681 |
4.90%,
02/28/28
(a) |
375,000 |
378,617 |
1.90%,
06/15/28
(a) |
725,000 |
643,717 |
3.50%,
04/01/29
(a) |
150,000 |
142,115 |
2.75%,
11/01/29
(a) |
350,000 |
314,535 |
2.25%,
06/01/30
(a) |
700,000 |
599,313 |
2.44%,
01/15/32
(a) |
400,000 |
335,782 |
5.00%,
07/15/32
(a) |
300,000 |
302,865 |
3.00%,
01/15/52
(a) |
200,000 |
134,591 |
5.25%,
02/28/53
(a) |
340,000 |
333,580 |
4.80%,
12/01/77
(a)(b) |
225,000 |
195,485 |
3.80%,
03/15/82
(a)(b) |
150,000 |
127,866 |
Northern
States Power Co. | ||
2.25%,
04/01/31
(a) |
200,000 |
172,183 |
6.25%,
06/01/36
|
145,000 |
161,359 |
6.20%,
07/01/37
|
175,000 |
192,844 |
5.35%,
11/01/39
|
110,000 |
113,134 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.40%,
08/15/42
(a) |
145,000 |
115,643 |
4.00%,
08/15/45
(a) |
100,000 |
83,435 |
3.60%,
05/15/46
(a) |
250,000 |
197,576 |
3.60%,
09/15/47
(a) |
250,000 |
197,617 |
2.90%,
03/01/50
(a) |
120,000 |
84,203 |
2.60%,
06/01/51
(a) |
175,000 |
114,905 |
4.50%,
06/01/52
(a) |
150,000 |
138,626 |
NorthWestern
Corp. | ||
4.18%,
11/15/44
(a) |
185,000 |
153,866 |
NSTAR
Electric Co. | ||
3.20%,
05/15/27
(a) |
350,000 |
338,318 |
3.25%,
05/15/29
(a) |
115,000 |
108,411 |
3.95%,
04/01/30
(a) |
150,000 |
143,683 |
1.95%,
08/15/31
(a) |
150,000 |
123,277 |
5.50%,
03/15/40
|
100,000 |
101,925 |
4.40%,
03/01/44
(a) |
175,000 |
160,413 |
3.10%,
06/01/51
(a) |
175,000 |
124,287 |
Oglethorpe
Power Corp. | ||
5.95%,
11/01/39
|
150,000 |
154,508 |
5.38%,
11/01/40
|
200,000 |
193,008 |
5.05%,
10/01/48
(a) |
200,000 |
184,537 |
3.75%,
08/01/50
(a) |
150,000 |
113,232 |
5.25%,
09/01/50
|
50,000 |
47,447 |
Ohio
Edison Co. | ||
6.88%,
07/15/36
|
100,000 |
112,763 |
Ohio
Power Co. | ||
2.60%,
04/01/30
(a) |
200,000 |
175,842 |
1.63%,
01/15/31
(a) |
200,000 |
162,315 |
4.15%,
04/01/48
(a) |
200,000 |
168,680 |
4.00%,
06/01/49
(a) |
150,000 |
122,967 |
Oklahoma
Gas & Electric Co. | ||
3.30%,
03/15/30
(a) |
125,000 |
114,707 |
3.25%,
04/01/30
(a) |
350,000 |
320,465 |
5.40%,
01/15/33
(a) |
150,000 |
157,315 |
4.15%,
04/01/47
(a) |
225,000 |
190,088 |
Oncor
Electric Delivery Co. LLC | ||
3.70%,
11/15/28
(a) |
365,000 |
352,932 |
5.75%,
03/15/29
(a) |
123,000 |
130,049 |
2.75%,
05/15/30
(a) |
200,000 |
180,115 |
7.00%,
05/01/32
|
250,000 |
287,258 |
4.15%,
06/01/32
(a) |
150,000 |
144,916 |
4.55%,
09/15/32
(a) |
200,000 |
198,457 |
5.65%,
11/15/33
(a)(d) |
250,000 |
267,065 |
7.50%,
09/01/38
|
100,000 |
123,152 |
5.25%,
09/30/40
|
175,000 |
179,090 |
4.55%,
12/01/41
(a) |
150,000 |
140,833 |
3.75%,
04/01/45
(a) |
250,000 |
207,402 |
3.80%,
09/30/47
(a) |
275,000 |
222,993 |
4.10%,
11/15/48
(a) |
300,000 |
261,297 |
3.80%,
06/01/49
(a) |
150,000 |
124,079 |
3.10%,
09/15/49
(a) |
250,000 |
180,028 |
3.70%,
05/15/50
(a) |
150,000 |
121,784 |
4.60%,
06/01/52
(a) |
150,000 |
140,259 |
5.35%,
10/01/52
(a) |
100,000 |
104,102 |
Pacific
Gas & Electric Co. | ||
4.95%,
06/08/25
|
100,000 |
99,430 |
3.50%,
06/15/25
(a) |
300,000 |
291,489 |
3.45%,
07/01/25
|
360,000 |
349,006 |
3.15%,
01/01/26
|
550,000 |
527,305 |
2.95%,
03/01/26
(a) |
225,000 |
213,614 |
3.30%,
03/15/27
(a) |
100,000 |
93,567 |
2.10%,
08/01/27
(a) |
350,000 |
315,927 |
3.30%,
12/01/27
(a) |
500,000 |
467,611 |
3.00%,
06/15/28
(a) |
350,000 |
319,379 |
3.75%,
07/01/28
|
325,000 |
305,076 |
4.65%,
08/01/28
(a) |
100,000 |
96,284 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.55%,
07/01/30
(a) |
900,000 |
858,436 |
2.50%,
02/01/31
(a) |
600,000 |
496,345 |
3.25%,
06/01/31
(a) |
600,000 |
520,672 |
4.40%,
03/01/32
(a) |
200,000 |
185,600 |
5.90%,
06/15/32
(a) |
200,000 |
203,691 |
6.15%,
01/15/33
(a) |
300,000 |
311,633 |
4.50%,
07/01/40
(a) |
500,000 |
423,057 |
3.30%,
08/01/40
(a) |
350,000 |
256,921 |
4.20%,
06/01/41
(a) |
300,000 |
241,015 |
4.45%,
04/15/42
(a) |
350,000 |
282,957 |
3.75%,
08/15/42
(a) |
100,000 |
73,939 |
4.60%,
06/15/43
(a) |
200,000 |
165,714 |
4.75%,
02/15/44
(a) |
200,000 |
167,917 |
4.30%,
03/15/45
(a) |
260,000 |
204,020 |
4.25%,
03/15/46
(a) |
175,000 |
135,271 |
4.00%,
12/01/46
(a) |
240,000 |
176,904 |
4.95%,
07/01/50
(a) |
900,000 |
771,810 |
3.50%,
08/01/50
(a) |
200,000 |
138,631 |
5.25%,
03/01/52
(a) |
455,000 |
406,869 |
6.75%,
01/15/53
(a) |
200,000 |
218,174 |
PacifiCorp | ||
3.50%,
06/15/29
(a) |
125,000 |
117,520 |
2.70%,
09/15/30
(a) |
150,000 |
130,095 |
7.70%,
11/15/31
|
275,000 |
322,224 |
5.75%,
04/01/37
|
100,000 |
102,933 |
6.25%,
10/15/37
|
200,000 |
214,946 |
6.35%,
07/15/38
|
250,000 |
271,359 |
6.00%,
01/15/39
|
100,000 |
105,015 |
4.10%,
02/01/42
(a) |
175,000 |
145,771 |
4.15%,
02/15/50
(a) |
200,000 |
162,691 |
3.30%,
03/15/51
(a) |
250,000 |
174,355 |
2.90%,
06/15/52
(a) |
200,000 |
129,253 |
5.35%,
12/01/53
(a) |
325,000 |
312,961 |
5.50%,
05/15/54
(a) |
400,000 |
393,631 |
PECO
Energy Co. | ||
4.90%,
06/15/33
(a) |
175,000 |
178,291 |
3.70%,
09/15/47
(a) |
300,000 |
244,671 |
3.90%,
03/01/48
(a) |
200,000 |
169,521 |
3.00%,
09/15/49
(a) |
100,000 |
71,753 |
2.80%,
06/15/50
(a) |
200,000 |
137,120 |
3.05%,
03/15/51
(a) |
50,000 |
35,529 |
2.85%,
09/15/51
(a) |
150,000 |
100,912 |
4.38%,
08/15/52
(a) |
140,000 |
126,387 |
Pinnacle
West Capital Corp. | ||
1.30%,
06/15/25
(a) |
250,000 |
235,641 |
Potomac
Electric Power Co. | ||
4.15%,
03/15/43
(a) |
200,000 |
178,952 |
PPL
Capital Funding, Inc. | ||
3.10%,
05/15/26
(a) |
260,000 |
249,567 |
4.13%,
04/15/30
(a) |
150,000 |
143,011 |
PPL
Electric Utilities Corp. | ||
5.00%,
05/15/33
(a) |
200,000 |
205,146 |
6.25%,
05/15/39
|
300,000 |
337,587 |
4.75%,
07/15/43
(a) |
100,000 |
94,626 |
4.15%,
06/15/48
(a) |
150,000 |
132,599 |
3.00%,
10/01/49
(a) |
110,000 |
79,453 |
5.25%,
05/15/53
(a) |
200,000 |
206,824 |
Progress
Energy, Inc. | ||
7.75%,
03/01/31
|
250,000 |
289,095 |
7.00%,
10/30/31
|
210,000 |
237,683 |
6.00%,
12/01/39
|
185,000 |
194,540 |
Public
Service Co. of Colorado | ||
3.70%,
06/15/28
(a) |
150,000 |
144,773 |
1.90%,
01/15/31
(a) |
155,000 |
128,869 |
1.88%,
06/15/31
(a) |
225,000 |
186,006 |
4.10%,
06/01/32
(a) |
150,000 |
143,955 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.25%,
09/01/37
|
210,000 |
228,957 |
3.60%,
09/15/42
(a) |
100,000 |
79,249 |
3.80%,
06/15/47
(a) |
50,000 |
39,905 |
4.05%,
09/15/49
(a) |
325,000 |
266,310 |
3.20%,
03/01/50
(a) |
250,000 |
178,923 |
2.70%,
01/15/51
(a) |
180,000 |
114,215 |
5.25%,
04/01/53
(a) |
200,000 |
199,746 |
Public
Service Co. of New Hampshire | ||
3.60%,
07/01/49
(a) |
100,000 |
79,643 |
Public
Service Co. of Oklahoma | ||
2.20%,
08/15/31
(a) |
150,000 |
124,304 |
5.25%,
01/15/33
(a) |
150,000 |
151,538 |
3.15%,
08/15/51
(a) |
150,000 |
103,477 |
Public
Service Electric & Gas Co. | ||
0.95%,
03/15/26
(a) |
150,000 |
138,841 |
3.00%,
05/15/27
(a) |
205,000 |
195,621 |
3.70%,
05/01/28
(a) |
175,000 |
169,847 |
3.20%,
05/15/29
(a) |
225,000 |
211,109 |
2.45%,
01/15/30
(a) |
250,000 |
221,459 |
1.90%,
08/15/31
(a) |
200,000 |
164,330 |
4.90%,
12/15/32
(a) |
220,000 |
223,956 |
4.65%,
03/15/33
(a) |
110,000 |
110,063 |
3.95%,
05/01/42
(a) |
100,000 |
86,547 |
3.65%,
09/01/42
(a) |
100,000 |
83,590 |
3.80%,
01/01/43
(a) |
175,000 |
148,158 |
3.80%,
03/01/46
(a) |
150,000 |
125,498 |
3.60%,
12/01/47
(a) |
275,000 |
223,876 |
4.05%,
05/01/48
(a) |
175,000 |
153,592 |
3.85%,
05/01/49
(a) |
150,000 |
125,531 |
3.20%,
08/01/49
(a) |
150,000 |
111,739 |
3.15%,
01/01/50
(a) |
25,000 |
18,442 |
2.70%,
05/01/50
(a) |
150,000 |
103,230 |
2.05%,
08/01/50
(a) |
250,000 |
146,535 |
5.13%,
03/15/53
(a) |
150,000 |
156,125 |
Public
Service Enterprise Group, Inc. | ||
0.80%,
08/15/25
(a) |
225,000 |
210,360 |
5.85%,
11/15/27
(a) |
200,000 |
208,505 |
1.60%,
08/15/30
(a) |
360,000 |
295,521 |
2.45%,
11/15/31
(a) |
300,000 |
252,517 |
6.13%,
10/15/33
(a) |
5,000 |
5,383 |
Puget
Energy, Inc. | ||
3.65%,
05/15/25
(a) |
150,000 |
146,384 |
4.10%,
06/15/30
(a) |
300,000 |
275,840 |
4.22%,
03/15/32
(a) |
150,000 |
136,044 |
Puget
Sound Energy, Inc. | ||
6.27%,
03/15/37
|
100,000 |
108,673 |
5.80%,
03/15/40
|
175,000 |
182,436 |
5.64%,
04/15/41
(a) |
150,000 |
154,481 |
4.30%,
05/20/45
(a) |
150,000 |
128,587 |
4.22%,
06/15/48
(a) |
200,000 |
171,198 |
3.25%,
09/15/49
(a) |
200,000 |
142,706 |
San
Diego Gas & Electric Co. | ||
2.50%,
05/15/26
(a) |
200,000 |
190,919 |
1.70%,
10/01/30
(a) |
210,000 |
174,078 |
3.00%,
03/15/32
(a) |
250,000 |
222,356 |
6.00%,
06/01/39
|
150,000 |
162,191 |
3.75%,
06/01/47
(a) |
125,000 |
101,221 |
4.15%,
05/15/48
(a) |
294,000 |
251,866 |
4.10%,
06/15/49
(a) |
165,000 |
137,480 |
3.32%,
04/15/50
(a) |
200,000 |
143,319 |
3.70%,
03/15/52
(a) |
260,000 |
202,741 |
5.35%,
04/01/53
(a) |
200,000 |
203,271 |
Sierra
Pacific Power Co. | ||
2.60%,
05/01/26
(a) |
200,000 |
190,615 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Southern
California Edison Co. | ||
3.70%,
08/01/25
(a) |
350,000 |
343,057 |
1.20%,
02/01/26
(a) |
250,000 |
232,943 |
5.85%,
11/01/27
(a) |
250,000 |
261,380 |
3.65%,
03/01/28
(a) |
100,000 |
96,021 |
5.30%,
03/01/28
(a) |
200,000 |
205,536 |
4.20%,
03/01/29
(a) |
150,000 |
147,240 |
6.65%,
04/01/29
|
150,000 |
160,173 |
2.85%,
08/01/29
(a) |
200,000 |
182,796 |
2.25%,
06/01/30
(a) |
250,000 |
215,105 |
2.75%,
02/01/32
(a) |
200,000 |
173,868 |
5.95%,
11/01/32
(a) |
200,000 |
215,086 |
6.00%,
01/15/34
|
200,000 |
220,034 |
5.75%,
04/01/35
|
200,000 |
209,135 |
5.35%,
07/15/35
|
200,000 |
206,835 |
5.55%,
01/15/37
|
200,000 |
202,171 |
5.95%,
02/01/38
|
250,000 |
263,276 |
6.05%,
03/15/39
|
150,000 |
159,643 |
5.50%,
03/15/40
|
300,000 |
303,947 |
4.05%,
03/15/42
(a) |
105,000 |
88,773 |
3.90%,
03/15/43
(a) |
125,000 |
102,613 |
4.65%,
10/01/43
(a) |
250,000 |
228,287 |
3.60%,
02/01/45
(a) |
150,000 |
116,601 |
4.00%,
04/01/47
(a) |
600,000 |
492,614 |
4.13%,
03/01/48
(a) |
520,000 |
439,599 |
4.88%,
03/01/49
(a) |
225,000 |
208,263 |
3.65%,
02/01/50
(a) |
400,000 |
310,584 |
3.65%,
06/01/51
(a) |
100,000 |
75,566 |
3.45%,
02/01/52
(a) |
225,000 |
164,781 |
Southern
Co. | ||
3.25%,
07/01/26
(a) |
600,000 |
579,129 |
5.11%,
08/01/27
(e) |
250,000 |
253,949 |
4.85%,
06/15/28
(a) |
250,000 |
252,149 |
5.50%,
03/15/29
(a) |
200,000 |
208,220 |
3.70%,
04/30/30
(a) |
350,000 |
330,309 |
5.20%,
06/15/33
(a) |
200,000 |
204,150 |
5.70%,
03/15/34
(a) |
200,000 |
210,825 |
4.25%,
07/01/36
(a) |
200,000 |
184,150 |
4.40%,
07/01/46
(a) |
600,000 |
529,741 |
4.00%,
01/15/51
(a)(b) |
250,000 |
239,118 |
3.75%,
09/15/51
(a)(b) |
275,000 |
250,951 |
Southern
Power Co. | ||
0.90%,
01/15/26
(a) |
225,000 |
207,553 |
5.15%,
09/15/41
|
200,000 |
190,257 |
5.25%,
07/15/43
|
200,000 |
189,908 |
4.95%,
12/15/46
(a) |
128,000 |
115,900 |
Southwestern
Electric Power Co. | ||
2.75%,
10/01/26
(a) |
300,000 |
282,344 |
4.10%,
09/15/28
(a) |
200,000 |
193,635 |
3.90%,
04/01/45
(a) |
100,000 |
77,443 |
3.85%,
02/01/48
(a) |
200,000 |
150,729 |
3.25%,
11/01/51
(a) |
200,000 |
135,345 |
Southwestern
Public Service Co. | ||
4.50%,
08/15/41
(a) |
150,000 |
133,766 |
3.40%,
08/15/46
(a) |
150,000 |
111,494 |
3.70%,
08/15/47
(a) |
150,000 |
115,125 |
4.40%,
11/15/48
(a) |
100,000 |
84,807 |
3.75%,
06/15/49
(a) |
130,000 |
100,221 |
3.15%,
05/01/50
(a) |
165,000 |
113,876 |
Tampa
Electric Co. | ||
4.10%,
06/15/42
(a) |
125,000 |
109,185 |
4.35%,
05/15/44
(a) |
100,000 |
86,139 |
4.30%,
06/15/48
(a) |
150,000 |
126,464 |
4.45%,
06/15/49
(a) |
150,000 |
129,795 |
3.63%,
06/15/50
(a) |
125,000 |
94,539 |
3.45%,
03/15/51
(a) |
25,000 |
18,476 |
5.00%,
07/15/52
(a) |
150,000 |
143,667 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Toledo
Edison Co. | ||
6.15%,
05/15/37
|
100,000 |
108,364 |
Tucson
Electric Power Co. | ||
1.50%,
08/01/30
(a) |
175,000 |
143,492 |
4.85%,
12/01/48
(a) |
175,000 |
161,871 |
4.00%,
06/15/50
(a) |
100,000 |
79,547 |
3.25%,
05/01/51
(a) |
200,000 |
141,290 |
Union
Electric Co. | ||
2.95%,
06/15/27
(a) |
44,000 |
41,989 |
3.50%,
03/15/29
(a) |
425,000 |
403,284 |
2.95%,
03/15/30
(a) |
150,000 |
135,629 |
2.15%,
03/15/32
(a) |
200,000 |
166,427 |
8.45%,
03/15/39
|
150,000 |
197,376 |
3.90%,
09/15/42
(a) |
115,000 |
96,638 |
3.65%,
04/15/45
(a) |
100,000 |
78,882 |
4.00%,
04/01/48
(a) |
150,000 |
123,820 |
3.25%,
10/01/49
(a) |
150,000 |
105,504 |
2.63%,
03/15/51
(a) |
250,000 |
160,202 |
3.90%,
04/01/52
(a) |
185,000 |
153,106 |
Virginia
Electric & Power Co. | ||
3.10%,
05/15/25
(a) |
200,000 |
195,224 |
3.15%,
01/15/26
(a) |
250,000 |
242,571 |
2.95%,
11/15/26
(a) |
200,000 |
191,467 |
3.50%,
03/15/27
(a) |
350,000 |
338,569 |
2.88%,
07/15/29
(a) |
150,000 |
138,099 |
2.40%,
03/30/32
(a) |
175,000 |
148,198 |
5.00%,
04/01/33
(a) |
200,000 |
202,754 |
6.00%,
01/15/36
|
250,000 |
268,976 |
6.00%,
05/15/37
|
275,000 |
296,875 |
8.88%,
11/15/38
|
300,000 |
410,402 |
4.00%,
01/15/43
(a) |
250,000 |
213,864 |
4.45%,
02/15/44
(a) |
250,000 |
223,985 |
4.20%,
05/15/45
(a) |
50,000 |
42,918 |
3.80%,
09/15/47
(a) |
300,000 |
240,989 |
4.60%,
12/01/48
(a) |
250,000 |
227,153 |
3.30%,
12/01/49
(a) |
300,000 |
220,378 |
2.45%,
12/15/50
(a) |
450,000 |
278,058 |
4.63%,
05/15/52
(a) |
225,000 |
203,846 |
5.45%,
04/01/53
(a) |
200,000 |
206,557 |
WEC
Energy Group, Inc. | ||
4.75%,
01/09/26
(a) |
200,000 |
199,324 |
5.60%,
09/12/26
(a) |
175,000 |
178,242 |
5.15%,
10/01/27
(a) |
225,000 |
228,657 |
1.38%,
10/15/27
(a) |
250,000 |
221,183 |
4.75%,
01/15/28
(a) |
200,000 |
200,248 |
2.20%,
12/15/28
(a) |
150,000 |
133,507 |
1.80%,
10/15/30
(a) |
250,000 |
204,429 |
Wisconsin
Electric Power Co. | ||
1.70%,
06/15/28
(a) |
150,000 |
133,505 |
4.30%,
10/15/48
(a) |
125,000 |
110,461 |
Wisconsin
Power & Light Co. | ||
3.05%,
10/15/27
(a) |
100,000 |
94,482 |
3.00%,
07/01/29
(a) |
225,000 |
209,372 |
3.65%,
04/01/50
(a) |
200,000 |
153,983 |
Wisconsin
Public Service Corp. | ||
3.67%,
12/01/42
|
200,000 |
162,611 |
4.75%,
11/01/44
(a) |
150,000 |
139,416 |
3.30%,
09/01/49
(a) |
222,000 |
162,539 |
Xcel
Energy, Inc. | ||
3.30%,
06/01/25
(a) |
165,000 |
161,244 |
3.35%,
12/01/26
(a) |
100,000 |
96,400 |
4.00%,
06/15/28
(a) |
175,000 |
171,011 |
3.40%,
06/01/30
(a) |
300,000 |
277,281 |
4.60%,
06/01/32
(a) |
300,000 |
293,294 |
5.45%,
08/15/33
(a) |
200,000 |
206,573 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.50%,
07/01/36
|
90,000 |
102,185 |
3.50%,
12/01/49
(a) |
200,000 |
148,397 |
|
|
146,743,205 |
Natural
Gas 0.2%
| ||
Atmos
Energy Corp. | ||
3.00%,
06/15/27
(a) |
200,000 |
190,737 |
2.63%,
09/15/29
(a) |
100,000 |
91,163 |
1.50%,
01/15/31
(a) |
375,000 |
305,988 |
5.90%,
11/15/33
(a) |
125,000 |
135,899 |
5.50%,
06/15/41
(a) |
150,000 |
157,394 |
4.15%,
01/15/43
(a) |
200,000 |
181,971 |
4.13%,
10/15/44
(a) |
100,000 |
89,045 |
4.30%,
10/01/48
(a) |
225,000 |
200,815 |
4.13%,
03/15/49
(a) |
165,000 |
144,140 |
3.38%,
09/15/49
(a) |
200,000 |
152,684 |
2.85%,
02/15/52
(a) |
55,000 |
37,696 |
5.75%,
10/15/52
(a) |
150,000 |
165,359 |
CenterPoint
Energy Resources Corp. | ||
5.25%,
03/01/28
(a) |
200,000 |
205,327 |
4.00%,
04/01/28
(a) |
50,000 |
48,747 |
1.75%,
10/01/30
(a) |
200,000 |
167,215 |
5.40%,
03/01/33
(a) |
200,000 |
208,922 |
5.85%,
01/15/41
(a) |
125,000 |
132,073 |
4.10%,
09/01/47
(a) |
100,000 |
84,269 |
National
Grid USA | ||
5.80%,
04/01/35
|
150,000 |
152,929 |
NiSource,
Inc. | ||
0.95%,
08/15/25
(a) |
300,000 |
280,574 |
3.49%,
05/15/27
(a) |
225,000 |
216,807 |
5.25%,
03/30/28
(a) |
200,000 |
204,425 |
2.95%,
09/01/29
(a) |
350,000 |
320,261 |
3.60%,
05/01/30
(a) |
350,000 |
326,963 |
1.70%,
02/15/31
(a) |
200,000 |
162,970 |
5.95%,
06/15/41
(a) |
160,000 |
167,300 |
5.25%,
02/15/43
(a) |
275,000 |
267,958 |
4.80%,
02/15/44
(a) |
199,000 |
183,161 |
5.65%,
02/01/45
(a) |
150,000 |
151,225 |
4.38%,
05/15/47
(a) |
350,000 |
302,591 |
3.95%,
03/30/48
(a) |
100,000 |
81,282 |
5.00%,
06/15/52
(a) |
100,000 |
94,154 |
ONE
Gas, Inc. | ||
4.66%,
02/01/44
(a) |
200,000 |
182,745 |
4.50%,
11/01/48
(a) |
250,000 |
221,758 |
Piedmont
Natural Gas Co., Inc. | ||
3.50%,
06/01/29
(a) |
270,000 |
252,950 |
3.64%,
11/01/46
(a) |
200,000 |
148,176 |
3.35%,
06/01/50
(a) |
150,000 |
105,387 |
5.05%,
05/15/52
(a) |
170,000 |
159,266 |
Sempra | ||
3.30%,
04/01/25
(a) |
250,000 |
243,964 |
3.25%,
06/15/27
(a) |
300,000 |
284,588 |
3.40%,
02/01/28
(a) |
300,000 |
286,374 |
3.70%,
04/01/29
(a) |
200,000 |
190,903 |
5.50%,
08/01/33
(a) |
50,000 |
51,903 |
3.80%,
02/01/38
(a) |
250,000 |
214,321 |
6.00%,
10/15/39
|
365,000 |
385,268 |
4.00%,
02/01/48
(a) |
225,000 |
185,426 |
4.13%,
04/01/52
(a)(b) |
300,000 |
258,981 |
Southern
California Gas Co. | ||
3.20%,
06/15/25
(a) |
50,000 |
48,824 |
2.60%,
06/15/26
(a) |
215,000 |
205,272 |
2.95%,
04/15/27
(a) |
210,000 |
199,422 |
2.55%,
02/01/30
(a) |
250,000 |
220,331 |
5.13%,
11/15/40
|
200,000 |
198,374 |
3.75%,
09/15/42
(a) |
150,000 |
121,774 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.13%,
06/01/48
(a) |
125,000 |
106,079 |
4.30%,
01/15/49
(a) |
175,000 |
149,243 |
3.95%,
02/15/50
(a) |
200,000 |
159,549 |
5.75%,
06/01/53
(a) |
150,000 |
158,511 |
Southern
Co. Gas Capital Corp. | ||
3.25%,
06/15/26
(a) |
100,000 |
96,286 |
1.75%,
01/15/31
(a) |
200,000 |
163,596 |
5.15%,
09/15/32
(a) |
90,000 |
91,325 |
5.75%,
09/15/33
(a) |
150,000 |
157,744 |
5.88%,
03/15/41
(a) |
200,000 |
204,173 |
4.40%,
06/01/43
(a) |
131,000 |
111,432 |
3.95%,
10/01/46
(a) |
225,000 |
175,954 |
4.40%,
05/30/47
(a) |
250,000 |
212,560 |
Southwest
Gas Corp. | ||
5.45%,
03/23/28
(a) |
100,000 |
102,509 |
2.20%,
06/15/30
(a) |
330,000 |
281,581 |
4.05%,
03/15/32
(a) |
140,000 |
131,658 |
3.80%,
09/29/46
(a) |
100,000 |
75,125 |
4.15%,
06/01/49
(a) |
135,000 |
106,972 |
3.18%,
08/15/51
(a) |
50,000 |
32,993 |
Spire
Missouri, Inc. | ||
3.30%,
06/01/51
(a) |
125,000 |
88,955 |
Washington
Gas Light Co. | ||
3.80%,
09/15/46
(a) |
155,000 |
119,396 |
3.65%,
09/15/49
(a) |
175,000 |
132,460 |
|
|
12,636,152 |
Utility
Other 0.1%
| ||
American
Water Capital Corp. | ||
3.40%,
03/01/25
(a) |
25,000 |
24,498 |
2.95%,
09/01/27
(a) |
100,000 |
94,661 |
3.75%,
09/01/28
(a) |
250,000 |
241,008 |
3.45%,
06/01/29
(a) |
165,000 |
156,067 |
2.80%,
05/01/30
(a) |
200,000 |
179,625 |
2.30%,
06/01/31
(a) |
200,000 |
171,118 |
4.45%,
06/01/32
(a) |
325,000 |
323,390 |
6.59%,
10/15/37
|
200,000 |
232,778 |
4.30%,
12/01/42
(a) |
200,000 |
180,976 |
4.30%,
09/01/45
(a) |
45,000 |
40,417 |
4.00%,
12/01/46
(a) |
140,000 |
118,843 |
3.75%,
09/01/47
(a) |
250,000 |
204,993 |
4.20%,
09/01/48
(a) |
300,000 |
262,379 |
4.15%,
06/01/49
(a) |
150,000 |
129,650 |
3.45%,
05/01/50
(a) |
155,000 |
118,929 |
Essential
Utilities, Inc. | ||
3.57%,
05/01/29
(a) |
150,000 |
140,551 |
2.70%,
04/15/30
(a) |
160,000 |
140,315 |
2.40%,
05/01/31
(a) |
50,000 |
41,896 |
4.28%,
05/01/49
(a) |
175,000 |
146,224 |
3.35%,
04/15/50
(a) |
200,000 |
142,809 |
5.30%,
05/01/52
(a) |
150,000 |
144,335 |
|
|
3,235,462 |
|
|
162,614,819 |
Total
Corporates
(Cost
$2,033,768,040) |
1,865,088,736 | |
| ||
TREASURIES
41.3%
OF NET ASSETS | ||
U.S.
Treasury Bonds | ||
7.63%,
02/15/25
|
1,000,000 |
1,035,527 |
6.88%,
08/15/25
|
1,000,000 |
1,038,965 |
6.00%,
02/15/26
|
1,889,000 |
1,955,779 |
6.75%,
08/15/26
|
1,209,000 |
1,288,529 |
6.50%,
11/15/26
|
1,748,000 |
1,863,804 |
6.63%,
02/15/27
|
1,000,000 |
1,076,600 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.38%,
08/15/27
|
1,200,000 |
1,296,643 |
6.13%,
11/15/27
|
2,434,000 |
2,626,111 |
5.50%,
08/15/28
|
1,748,000 |
1,869,147 |
5.25%,
11/15/28
|
2,248,000 |
2,383,590 |
5.25%,
02/15/29
|
1,174,000 |
1,247,054 |
6.13%,
08/15/29
|
1,044,000 |
1,158,911 |
6.25%,
05/15/30
|
2,131,000 |
2,410,641 |
5.38%,
02/15/31
|
2,594,000 |
2,843,179 |
4.50%,
02/15/36
|
2,844,000 |
3,036,525 |
4.75%,
02/15/37
|
1,182,000 |
1,294,799 |
5.00%,
05/15/37
|
1,648,000 |
1,845,131 |
4.38%,
02/15/38
|
1,596,000 |
1,678,984 |
4.50%,
05/15/38
|
2,096,000 |
2,228,989 |
3.50%,
02/15/39
|
1,972,000 |
1,868,881 |
4.25%,
05/15/39
|
1,946,000 |
2,005,943 |
4.50%,
08/15/39
|
2,446,000 |
2,590,134 |
4.38%,
11/15/39
|
2,825,000 |
2,944,592 |
4.63%,
02/15/40
|
2,955,000 |
3,166,431 |
1.13%,
05/15/40
|
11,200,000 |
7,228,415 |
4.38%,
05/15/40
|
3,194,000 |
3,319,883 |
1.13%,
08/15/40
|
13,000,000 |
8,306,805 |
3.88%,
08/15/40
|
4,494,000 |
4,386,063 |
1.38%,
11/15/40
|
15,500,000 |
10,301,174 |
4.25%,
11/15/40
|
4,253,000 |
4,337,772 |
1.88%,
02/15/41
|
18,900,000 |
13,604,551 |
4.75%,
02/15/41
|
4,292,000 |
4,644,766 |
2.25%,
05/15/41
|
17,500,000 |
13,352,411 |
4.38%,
05/15/41
|
3,944,000 |
4,070,561 |
1.75%,
08/15/41
|
21,400,000 |
14,903,840 |
3.75%,
08/15/41
|
3,817,000 |
3,635,662 |
2.00%,
11/15/41
|
18,000,000 |
13,043,178 |
3.13%,
11/15/41
|
4,344,000 |
3,781,233 |
2.38%,
02/15/42
|
15,900,000 |
12,218,206 |
3.13%,
02/15/42
|
4,082,000 |
3,541,382 |
3.00%,
05/15/42
|
3,998,000 |
3,386,602 |
3.25%,
05/15/42
|
13,100,000 |
11,508,021 |
2.75%,
08/15/42
|
4,191,000 |
3,402,782 |
3.38%,
08/15/42
|
11,500,000 |
10,267,757 |
2.75%,
11/15/42
|
6,158,000 |
4,984,312 |
4.00%,
11/15/42
|
11,200,000 |
10,898,908 |
3.13%,
02/15/43
|
5,286,000 |
4,525,008 |
3.88%,
02/15/43
|
11,450,000 |
10,933,849 |
2.88%,
05/15/43
|
8,231,000 |
6,767,455 |
3.88%,
05/15/43
|
12,800,000 |
12,220,628 |
3.63%,
08/15/43
|
5,817,000 |
5,356,532 |
4.38%,
08/15/43
|
12,250,000 |
12,520,309 |
3.75%,
11/15/43
|
6,150,000 |
5,753,317 |
4.75%,
11/15/43
|
9,200,000 |
9,879,832 |
3.63%,
02/15/44
|
6,427,000 |
5,895,513 |
3.38%,
05/15/44
|
5,794,000 |
5,113,781 |
3.13%,
08/15/44
|
5,882,000 |
4,985,651 |
3.00%,
11/15/44
|
5,136,000 |
4,254,935 |
2.50%,
02/15/45
|
8,632,000 |
6,542,443 |
3.00%,
05/15/45
|
6,534,000 |
5,395,623 |
2.88%,
08/15/45
|
5,332,000 |
4,303,528 |
3.00%,
11/15/45
|
1,782,000 |
1,467,738 |
2.50%,
02/15/46
|
8,091,000 |
6,077,119 |
2.50%,
05/15/46
|
6,732,000 |
5,045,720 |
2.25%,
08/15/46
|
9,078,000 |
6,463,324 |
2.88%,
11/15/46
|
3,719,000 |
2,981,666 |
3.00%,
02/15/47
|
6,584,000 |
5,388,712 |
3.00%,
05/15/47
|
5,038,000 |
4,120,896 |
2.75%,
08/15/47
|
8,280,000 |
6,457,934 |
2.75%,
11/15/47
|
7,878,000 |
6,141,323 |
3.00%,
02/15/48
|
10,200,000 |
8,322,354 |
3.13%,
05/15/48
|
10,320,000 |
8,608,706 |
3.00%,
08/15/48
|
11,678,000 |
9,520,990 |
3.38%,
11/15/48
|
11,100,000 |
9,683,788 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.00%,
02/15/49
|
12,376,000 |
10,086,201 |
2.88%,
05/15/49
|
12,000,000 |
9,553,159 |
2.25%,
08/15/49
|
12,400,000 |
8,673,692 |
2.38%,
11/15/49
|
12,000,000 |
8,623,314 |
2.00%,
02/15/50
|
14,598,000 |
9,621,104 |
1.25%,
05/15/50
|
16,900,000 |
9,128,486 |
1.38%,
08/15/50
|
18,850,000 |
10,524,500 |
1.63%,
11/15/50
|
18,900,000 |
11,283,933 |
1.88%,
02/15/51
|
21,000,000 |
13,348,860 |
2.38%,
05/15/51
|
21,300,000 |
15,229,926 |
2.00%,
08/15/51
|
21,200,000 |
13,873,026 |
1.88%,
11/15/51
|
19,650,000 |
12,446,251 |
2.25%,
02/15/52
|
18,000,000 |
12,499,544 |
2.88%,
05/15/52
|
17,300,000 |
13,796,771 |
3.00%,
08/15/52
|
18,000,000 |
14,744,097 |
4.00%,
11/15/52
|
17,250,000 |
17,042,669 |
3.63%,
02/15/53
|
18,100,000 |
16,741,229 |
3.63%,
05/15/53
|
17,650,000 |
16,347,047 |
4.13%,
08/15/53
|
19,900,000 |
20,151,522 |
4.75%,
11/15/53
|
13,200,000 |
14,829,496 |
U.S.
Treasury Notes | ||
1.38%,
01/31/25
|
9,196,000 |
8,875,959 |
2.50%,
01/31/25
|
7,488,000 |
7,314,270 |
4.13%,
01/31/25
|
14,000,000 |
13,915,254 |
1.50%,
02/15/25
|
14,000,000 |
13,515,503 |
2.00%,
02/15/25
|
14,486,000 |
14,062,203 |
1.13%,
02/28/25
|
8,998,000 |
8,643,376 |
2.75%,
02/28/25
|
7,890,000 |
7,722,045 |
4.63%,
02/28/25
|
14,000,000 |
13,992,633 |
1.75%,
03/15/25
|
14,000,000 |
13,531,636 |
0.50%,
03/31/25
|
12,200,000 |
11,601,712 |
2.63%,
03/31/25
|
4,724,000 |
4,613,844 |
3.88%,
03/31/25
|
13,800,000 |
13,681,157 |
2.63%,
04/15/25
|
13,000,000 |
12,683,151 |
0.38%,
04/30/25
|
12,900,000 |
12,211,201 |
2.88%,
04/30/25
|
6,986,000 |
6,835,241 |
3.88%,
04/30/25
|
12,500,000 |
12,389,423 |
2.13%,
05/15/25
|
13,880,400 |
13,440,164 |
2.75%,
05/15/25
|
12,500,000 |
12,203,639 |
0.25%,
05/31/25
|
11,700,000 |
11,020,890 |
2.88%,
05/31/25
|
5,788,000 |
5,656,990 |
4.25%,
05/31/25
|
12,300,000 |
12,256,052 |
2.88%,
06/15/25
|
13,500,000 |
13,197,068 |
0.25%,
06/30/25
|
11,500,000 |
10,803,301 |
2.75%,
06/30/25
|
5,988,000 |
5,842,990 |
4.63%,
06/30/25
|
12,000,000 |
12,029,778 |
3.00%,
07/15/25
|
13,000,000 |
12,720,221 |
0.25%,
07/31/25
|
13,100,000 |
12,271,573 |
2.88%,
07/31/25
|
6,386,000 |
6,234,844 |
4.75%,
07/31/25
|
12,500,000 |
12,558,850 |
2.00%,
08/15/25
|
14,168,000 |
13,637,843 |
3.13%,
08/15/25
|
9,300,000 |
9,116,379 |
0.25%,
08/31/25
|
14,400,000 |
13,449,146 |
2.75%,
08/31/25
|
6,236,000 |
6,072,196 |
5.00%,
08/31/25
|
14,000,000 |
14,131,807 |
3.50%,
09/15/25
|
11,500,000 |
11,332,910 |
0.25%,
09/30/25
|
16,100,000 |
14,997,902 |
3.00%,
09/30/25
|
5,682,000 |
5,553,390 |
5.00%,
09/30/25
|
14,000,000 |
14,144,659 |
4.25%,
10/15/25
|
13,000,000 |
12,979,195 |
0.25%,
10/31/25
|
14,800,000 |
13,752,204 |
3.00%,
10/31/25
|
5,688,000 |
5,557,587 |
5.00%,
10/31/25
|
14,000,000 |
14,161,337 |
2.25%,
11/15/25
|
15,072,000 |
14,520,968 |
4.50%,
11/15/25
|
13,000,000 |
13,047,493 |
0.38%,
11/30/25
|
14,600,000 |
13,561,801 |
2.88%,
11/30/25
|
5,682,000 |
5,537,298 |
4.88%,
11/30/25
|
17,000,000 |
17,178,978 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
12/15/25
|
12,100,000 |
12,038,571 |
0.38%,
12/31/25
|
15,000,000 |
13,906,115 |
2.63%,
12/31/25
|
6,486,000 |
6,287,888 |
4.25%,
12/31/25
|
18,000,000 |
18,000,708 |
3.88%,
01/15/26
|
11,200,000 |
11,118,203 |
0.38%,
01/31/26
|
17,000,000 |
15,708,469 |
2.63%,
01/31/26
|
6,938,000 |
6,722,830 |
1.63%,
02/15/26
|
14,672,000 |
13,910,937 |
4.00%,
02/15/26
|
14,000,000 |
13,940,956 |
0.50%,
02/28/26
|
16,000,000 |
14,790,067 |
2.50%,
02/28/26
|
5,976,000 |
5,769,190 |
4.63%,
03/15/26
|
11,500,000 |
11,602,433 |
0.75%,
03/31/26
|
16,000,000 |
14,853,816 |
2.25%,
03/31/26
|
6,286,000 |
6,032,369 |
3.75%,
04/15/26
|
13,000,000 |
12,881,703 |
0.75%,
04/30/26
|
15,800,000 |
14,620,623 |
2.38%,
04/30/26
|
5,084,000 |
4,886,811 |
1.63%,
05/15/26
|
14,685,000 |
13,862,464 |
3.63%,
05/15/26
|
11,000,000 |
10,875,412 |
0.75%,
05/31/26
|
17,000,000 |
15,697,849 |
2.13%,
05/31/26
|
7,388,000 |
7,056,718 |
4.13%,
06/15/26
|
12,000,000 |
12,000,956 |
0.88%,
06/30/26
|
14,500,000 |
13,413,132 |
1.88%,
06/30/26
|
5,984,000 |
5,676,874 |
4.50%,
07/15/26
|
11,000,000 |
11,104,427 |
0.63%,
07/31/26
|
16,000,000 |
14,658,829 |
1.88%,
07/31/26
|
6,284,000 |
5,947,486 |
1.50%,
08/15/26
|
14,724,000 |
13,785,981 |
4.38%,
08/15/26
|
11,000,000 |
11,076,930 |
0.75%,
08/31/26
|
19,700,000 |
18,067,922 |
1.38%,
08/31/26
|
6,486,000 |
6,048,983 |
4.63%,
09/15/26
|
13,000,000 |
13,182,321 |
0.88%,
09/30/26
|
15,700,000 |
14,425,066 |
1.63%,
09/30/26
|
4,990,000 |
4,680,485 |
4.63%,
10/15/26
|
15,000,000 |
15,226,778 |
1.13%,
10/31/26
|
16,500,000 |
15,227,131 |
1.63%,
10/31/26
|
6,584,000 |
6,166,356 |
2.00%,
11/15/26
|
14,032,000 |
13,270,711 |
4.63%,
11/15/26
|
16,000,000 |
16,256,896 |
1.25%,
11/30/26
|
16,000,000 |
14,797,557 |
1.63%,
11/30/26
|
6,286,000 |
5,877,431 |
4.38%,
12/15/26
|
15,000,000 |
15,151,758 |
1.25%,
12/31/26
|
17,000,000 |
15,699,134 |
1.75%,
12/31/26
|
6,990,000 |
6,551,772 |
1.50%,
01/31/27
|
22,000,000 |
20,432,513 |
2.25%,
02/15/27
|
12,626,000 |
11,989,765 |
1.13%,
02/28/27
|
4,300,000 |
3,940,376 |
1.88%,
02/28/27
|
15,000,000 |
14,068,346 |
0.63%,
03/31/27
|
5,600,000 |
5,035,175 |
2.50%,
03/31/27
|
14,000,000 |
13,386,366 |
0.50%,
04/30/27
|
8,350,000 |
7,457,237 |
2.75%,
04/30/27
|
13,000,000 |
12,508,886 |
2.38%,
05/15/27
|
15,420,000 |
14,650,726 |
0.50%,
05/31/27
|
8,700,000 |
7,748,053 |
2.63%,
05/31/27
|
13,250,000 |
12,687,311 |
0.50%,
06/30/27
|
9,400,000 |
8,350,515 |
3.25%,
06/30/27
|
13,500,000 |
13,196,664 |
0.38%,
07/31/27
|
11,600,000 |
10,232,830 |
2.75%,
07/31/27
|
13,000,000 |
12,480,902 |
2.25%,
08/15/27
|
11,272,000 |
10,632,120 |
0.50%,
08/31/27
|
10,500,000 |
9,279,687 |
3.13%,
08/31/27
|
12,500,000 |
12,152,213 |
0.38%,
09/30/27
|
13,000,000 |
11,406,853 |
4.13%,
09/30/27
|
12,500,000 |
12,583,824 |
0.50%,
10/31/27
|
12,200,000 |
10,728,702 |
4.13%,
10/31/27
|
12,000,000 |
12,079,043 |
2.25%,
11/15/27
|
12,474,000 |
11,731,717 |
0.63%,
11/30/27
|
13,500,000 |
11,900,907 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.88%,
11/30/27
|
12,000,000 |
11,975,898 |
0.63%,
12/31/27
|
15,000,000 |
13,193,912 |
3.88%,
12/31/27
|
12,000,000 |
11,983,844 |
0.75%,
01/31/28
|
17,700,000 |
15,609,586 |
3.50%,
01/31/28
|
12,000,000 |
11,814,157 |
2.75%,
02/15/28
|
16,322,000 |
15,604,423 |
1.13%,
02/29/28
|
18,000,000 |
16,096,313 |
4.00%,
02/29/28
|
12,000,000 |
12,041,945 |
1.25%,
03/31/28
|
16,500,000 |
14,802,624 |
3.63%,
03/31/28
|
13,500,000 |
13,354,160 |
1.25%,
04/30/28
|
19,000,000 |
17,013,502 |
3.50%,
04/30/28
|
14,300,000 |
14,076,228 |
2.88%,
05/15/28
|
17,770,000 |
17,045,592 |
1.25%,
05/31/28
|
17,005,000 |
15,197,168 |
3.63%,
05/31/28
|
11,500,000 |
11,381,115 |
1.25%,
06/30/28
|
16,500,000 |
14,718,116 |
4.00%,
06/30/28
|
12,100,000 |
12,158,749 |
1.00%,
07/31/28
|
17,500,000 |
15,394,096 |
4.13%,
07/31/28
|
12,000,000 |
12,124,823 |
2.88%,
08/15/28
|
18,368,000 |
17,581,835 |
1.13%,
08/31/28
|
15,500,000 |
13,688,030 |
4.38%,
08/31/28
|
14,000,000 |
14,300,910 |
1.25%,
09/30/28
|
16,000,000 |
14,183,306 |
4.63%,
09/30/28
|
13,000,000 |
13,421,069 |
1.38%,
10/31/28
|
16,500,000 |
14,689,673 |
4.88%,
10/31/28
|
15,000,000 |
15,658,667 |
3.13%,
11/15/28
|
16,714,000 |
16,151,970 |
1.50%,
11/30/28
|
16,000,000 |
14,307,008 |
4.38%,
11/30/28
|
19,000,000 |
19,446,124 |
1.38%,
12/31/28
|
16,000,000 |
14,198,864 |
3.75%,
12/31/28
|
17,000,000 |
16,926,746 |
1.75%,
01/31/29
|
14,800,000 |
13,357,087 |
2.63%,
02/15/29
|
17,166,000 |
16,171,647 |
1.88%,
02/28/29
|
14,000,000 |
12,699,046 |
2.38%,
03/31/29
|
14,400,000 |
13,374,595 |
2.88%,
04/30/29
|
12,500,000 |
11,896,971 |
2.38%,
05/15/29
|
14,358,000 |
13,318,168 |
2.75%,
05/31/29
|
12,000,000 |
11,336,702 |
3.25%,
06/30/29
|
11,000,000 |
10,653,629 |
2.63%,
07/31/29
|
11,500,000 |
10,775,828 |
1.63%,
08/15/29
|
8,166,000 |
7,270,275 |
3.13%,
08/31/29
|
10,500,000 |
10,091,021 |
3.88%,
09/30/29
|
8,500,000 |
8,487,646 |
4.00%,
10/31/29
|
8,000,000 |
8,042,419 |
1.75%,
11/15/29
|
7,266,000 |
6,488,548 |
3.88%,
11/30/29
|
8,000,000 |
7,989,909 |
3.88%,
12/31/29
|
7,500,000 |
7,489,941 |
3.50%,
01/31/30
|
7,000,000 |
6,849,800 |
1.50%,
02/15/30
|
15,898,000 |
13,857,829 |
4.00%,
02/28/30
|
10,000,000 |
10,054,151 |
3.63%,
03/31/30
|
10,500,000 |
10,342,338 |
3.50%,
04/30/30
|
8,200,000 |
8,017,926 |
0.63%,
05/15/30
|
21,705,000 |
17,746,166 |
3.75%,
05/31/30
|
8,500,000 |
8,428,453 |
3.75%,
06/30/30
|
10,750,000 |
10,658,236 |
4.00%,
07/31/30
|
8,000,000 |
8,047,959 |
0.63%,
08/15/30
|
30,000,000 |
24,351,174 |
4.13%,
08/31/30
|
9,500,000 |
9,623,730 |
4.63%,
09/30/30
|
10,500,000 |
10,950,900 |
4.88%,
10/31/30
|
9,800,000 |
10,371,644 |
0.88%,
11/15/30
|
29,500,000 |
24,249,416 |
4.38%,
11/30/30
|
11,000,000 |
11,318,514 |
3.88%,
12/31/30
|
12,000,000 |
11,906,426 |
1.13%,
02/15/31
|
26,000,000 |
21,711,482 |
1.63%,
05/15/31
|
28,500,000 |
24,455,824 |
1.25%,
08/15/31
|
31,900,000 |
26,418,818 |
1.38%,
11/15/31
|
30,800,000 |
25,589,518 |
1.88%,
02/15/32
|
33,200,000 |
28,558,610 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.88%,
05/15/32
|
28,750,000 |
26,657,635 |
2.75%,
08/15/32
|
31,500,000 |
28,865,371 |
4.13%,
11/15/32
|
31,000,000 |
31,528,634 |
3.50%,
02/15/33
|
34,500,000 |
33,473,863 |
3.38%,
05/15/33
|
35,800,000 |
34,379,495 |
3.88%,
08/15/33
|
38,000,000 |
37,976,531 |
4.50%,
11/15/33
|
26,500,000 |
27,839,204 |
Total
Treasuries
(Cost
$3,174,533,787) |
3,135,044,046 | |
| ||
GOVERNMENT
RELATED
4.8%
OF NET ASSETS | ||
| ||
Agency
1.7% | ||
Foreign
0.7%
| ||
Austria
0.0%
| ||
Oesterreichische
Kontrollbank AG | ||
1.50%,
02/12/25
|
700,000 |
675,365 |
0.38%,
09/17/25
|
350,000 |
326,633 |
4.63%,
11/03/25
|
375,000 |
375,907 |
0.50%,
02/02/26
|
925,000 |
855,040 |
3.63%,
09/09/27
|
100,000 |
98,540 |
4.25%,
03/01/28
|
500,000 |
503,375 |
|
|
2,834,860 |
Canada
0.0%
| ||
Export
Development Canada | ||
3.00%,
05/25/27
|
1,000,000 |
965,758 |
3.88%,
02/14/28
|
1,250,000 |
1,242,531 |
|
|
2,208,289 |
China
0.0%
| ||
Industrial
& Commercial Bank of China Ltd. | ||
3.54%,
11/08/27
|
300,000 |
289,572 |
Germany
0.3%
| ||
Kreditanstalt
fuer Wiederaufbau | ||
1.38%,
08/05/24(h) |
1,300,000 |
1,271,739 |
2.50%,
11/20/24(h) |
2,000,000 |
1,958,559 |
1.25%,
01/31/25(h) |
1,800,000 |
1,734,211 |
2.00%,
05/02/25(h) |
350,000 |
338,238 |
3.13%,
06/10/25(h) |
25,000 |
24,504 |
0.38%,
07/18/25(h) |
1,650,000 |
1,549,020 |
5.13%,
09/29/25(h) |
750,000 |
758,330 |
0.63%,
01/22/26(h) |
1,825,000 |
1,694,649 |
4.63%,
08/07/26(h) |
800,000 |
808,911 |
1.00%,
10/01/26(h) |
1,300,000 |
1,196,380 |
3.00%,
05/20/27(h) |
1,750,000 |
1,691,124 |
3.75%,
02/15/28(h) |
50,000 |
49,518 |
2.88%,
04/03/28(h) |
1,100,000 |
1,051,177 |
3.88%,
06/15/28(h) |
1,000,000 |
994,590 |
1.75%,
09/14/29(h) |
700,000 |
622,062 |
0.75%,
09/30/30(h) |
700,000 |
568,709 |
4.75%,
10/29/30(h) |
50,000 |
52,222 |
4.13%,
07/15/33(h) |
1,250,000 |
1,257,540 |
0.00%,
04/18/36(h)(i) |
485,000 |
291,249 |
0.00%,
06/29/37(h)(i) |
950,000 |
541,303 |
Landwirtschaftliche
Rentenbank | ||
2.00%,
01/13/25(h) |
1,025,000 |
996,625 |
2.38%,
06/10/25(h) |
600,000 |
581,317 |
0.88%,
03/30/26(h) |
550,000 |
510,522 |
1.75%,
07/27/26(h) |
600,000 |
564,717 |
2.50%,
11/15/27(h) |
500,000 |
472,775 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.88%,
09/03/30(h) |
850,000 |
693,414 |
5.00%,
10/24/33(h) |
465,000 |
500,251 |
|
|
22,773,656 |
Japan
0.1%
| ||
Japan
Bank for International Cooperation | ||
2.13%,
02/10/25
|
130,000 |
126,112 |
2.88%,
04/14/25
|
200,000 |
195,054 |
2.50%,
05/28/25
|
200,000 |
193,643 |
0.63%,
07/15/25
|
700,000 |
657,315 |
1.88%,
07/21/26
|
350,000 |
328,040 |
2.25%,
11/04/26
|
1,200,000 |
1,129,488 |
2.88%,
06/01/27
|
1,000,000 |
953,365 |
2.88%,
07/21/27
|
750,000 |
714,361 |
4.38%,
10/05/27
|
550,000 |
551,577 |
2.75%,
11/16/27
|
875,000 |
826,386 |
3.25%,
07/20/28
|
420,000 |
401,804 |
3.50%,
10/31/28
|
450,000 |
434,090 |
2.13%,
02/16/29
|
515,000 |
462,527 |
2.00%,
10/17/29
|
700,000 |
616,580 |
1.25%,
01/21/31
|
550,000 |
446,638 |
1.88%,
04/15/31
|
1,050,000 |
887,309 |
Japan
International Cooperation Agency | ||
2.13%,
10/20/26
|
200,000 |
187,587 |
2.75%,
04/27/27
|
700,000 |
663,629 |
3.38%,
06/12/28(c) |
475,000 |
455,902 |
1.00%,
07/22/30
|
370,000 |
298,775 |
1.75%,
04/28/31
|
350,000 |
291,297 |
|
|
10,821,479 |
Norway
0.1%
| ||
Equinor
ASA | ||
3.25%,
11/10/24
|
150,000 |
147,636 |
2.88%,
04/06/25(a) |
550,000 |
537,257 |
1.75%,
01/22/26(a) |
250,000 |
236,642 |
3.00%,
04/06/27(a) |
150,000 |
143,681 |
7.25%,
09/23/27
|
50,000 |
54,957 |
3.63%,
09/10/28(a) |
100,000 |
97,637 |
3.13%,
04/06/30(a) |
550,000 |
517,733 |
2.38%,
05/22/30(a) |
500,000 |
447,600 |
3.63%,
04/06/40(a) |
200,000 |
173,112 |
4.25%,
11/23/41
|
250,000 |
231,479 |
3.95%,
05/15/43
|
300,000 |
265,039 |
4.80%,
11/08/43
|
260,000 |
256,277 |
3.25%,
11/18/49(a) |
450,000 |
342,095 |
3.70%,
04/06/50(a) |
550,000 |
455,226 |
|
|
3,906,371 |
Republic
of Korea 0.1%
| ||
Export-Import
Bank of Korea | ||
1.25%,
01/18/25
|
300,000 |
289,229 |
2.88%,
01/21/25
|
800,000 |
784,046 |
1.88%,
02/12/25
|
200,000 |
193,678 |
3.25%,
11/10/25
|
750,000 |
730,041 |
2.63%,
05/26/26
|
690,000 |
656,839 |
3.25%,
08/12/26
|
200,000 |
192,705 |
1.13%,
12/29/26
|
550,000 |
495,667 |
1.63%,
01/18/27
|
300,000 |
275,409 |
2.38%,
04/21/27
|
250,000 |
233,627 |
5.00%,
01/11/28
|
500,000 |
509,477 |
1.25%,
09/21/30
|
700,000 |
566,373 |
2.13%,
01/18/32
|
550,000 |
459,797 |
5.13%,
01/11/33
|
300,000 |
311,576 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Korea
Development Bank | ||
3.38%,
09/16/25
|
500,000 |
488,168 |
3.00%,
01/13/26
|
200,000 |
193,315 |
0.80%,
07/19/26
|
550,000 |
498,155 |
1.00%,
09/09/26
|
250,000 |
226,711 |
2.00%,
09/12/26(c) |
350,000 |
326,051 |
5.38%,
10/23/26
|
400,000 |
407,617 |
4.38%,
02/15/28
|
400,000 |
399,061 |
1.63%,
01/19/31
|
450,000 |
370,759 |
2.00%,
10/25/31
|
250,000 |
207,950 |
4.25%,
09/08/32
|
200,000 |
195,163 |
|
|
9,011,414 |
Sweden
0.1%
| ||
Svensk
Exportkredit AB | ||
0.38%,
03/11/24
|
200,000 |
198,095 |
0.38%,
07/30/24
|
550,000 |
534,893 |
0.63%,
05/14/25
|
750,000 |
709,259 |
0.50%,
08/26/25
|
550,000 |
514,325 |
2.25%,
03/22/27
|
450,000 |
423,276 |
4.13%,
06/14/28
|
900,000 |
899,323 |
4.88%,
10/04/30
|
700,000 |
725,441 |
|
|
4,004,612 |
|
|
55,850,253 |
U.S.
1.0% | ||
Federal
Farm Credit Banks Funding Corp. |
|
|
1.75%,
02/14/25
|
2,000,000 |
1,937,264 |
4.88%,
11/13/25
|
1,000,000 |
1,008,826 |
3.88%,
02/02/26
|
500,000 |
495,012 |
4.50%,
08/14/26
|
2,000,000 |
2,017,645 |
Federal
Home Loan Banks |
|
|
5.00%,
02/28/25
|
1,000,000 |
1,003,123 |
0.50%,
04/14/25
|
2,000,000 |
1,899,919 |
0.50%,
06/13/25
|
2,000,000 |
1,886,116 |
0.38%,
09/04/25
|
1,000,000 |
935,227 |
4.50%,
12/12/25
|
500,000 |
501,103 |
4.38%,
06/12/26
|
1,000,000 |
1,002,997 |
4.75%,
06/12/26
|
1,000,000 |
1,012,825 |
1.25%,
12/21/26
|
500,000 |
460,364 |
4.25%,
12/10/27
|
2,000,000 |
2,020,577 |
4.00%,
06/30/28
|
2,000,000 |
2,010,650 |
3.25%,
11/16/28
|
5,000,000 |
4,860,088 |
5.50%,
07/15/36
|
400,000 |
450,117 |
Federal
Home Loan Mortgage Corp. |
|
|
1.50%,
02/12/25
|
5,000,000 |
4,828,093 |
0.38%,
07/21/25
|
4,000,000 |
3,759,899 |
0.38%,
09/23/25
|
6,000,000 |
5,602,284 |
6.75%,
09/15/29
|
500,000 |
570,642 |
6.75%,
03/15/31
|
1,564,000 |
1,823,931 |
6.25%,
07/15/32
|
700,000 |
812,853 |
Federal
National Mortgage Association |
|
|
0.50%,
06/17/25
|
3,000,000 |
2,831,387 |
0.38%,
08/25/25
|
3,500,000 |
3,276,357 |
0.50%,
11/07/25
|
4,000,000 |
3,728,224 |
2.13%,
04/24/26
|
6,000,000 |
5,732,269 |
1.88%,
09/24/26
|
2,500,000 |
2,360,609 |
0.75%,
10/08/27
|
5,000,000 |
4,443,769 |
7.13%,
01/15/30
|
527,000 |
613,662 |
7.25%,
05/15/30
|
1,000,000 |
1,180,483 |
0.88%,
08/05/30
|
1,000,000 |
816,139 |
6.63%,
11/15/30
|
2,700,000 |
3,106,172 |
5.63%,
07/15/37
|
1,500,000 |
1,709,824 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Tennessee
Valley Authority |
|
|
6.75%,
11/01/25
|
488,000 |
507,515 |
2.88%,
02/01/27
|
500,000 |
481,826 |
5.25%,
09/15/39
|
750,000 |
797,936 |
4.63%,
09/15/60
|
100,000 |
98,177 |
|
|
72,583,904 |
|
|
128,434,157 |
| ||
Local
Authority 0.8% | ||
Foreign
0.2%
| ||
Canada
0.2%
| ||
Hydro-Quebec | ||
8.05%,
07/07/24
|
310,000 |
314,026 |
9.38%,
04/15/30
|
200,000 |
252,657 |
9.50%,
11/15/30
|
30,000 |
38,643 |
Province
of Alberta | ||
1.00%,
05/20/25
|
765,000 |
726,968 |
3.30%,
03/15/28
|
400,000 |
386,746 |
1.30%,
07/22/30
|
700,000 |
583,701 |
Province
of British Columbia | ||
1.75%,
09/27/24
|
100,000 |
97,603 |
2.25%,
06/02/26
|
500,000 |
476,686 |
0.90%,
07/20/26
|
600,000 |
551,507 |
4.80%,
11/15/28
|
200,000 |
206,017 |
1.30%,
01/29/31(c) |
700,000 |
579,746 |
7.25%,
09/01/36
|
395,000 |
499,733 |
Province
of Manitoba | ||
2.13%,
06/22/26
|
325,000 |
308,388 |
1.50%,
10/25/28
|
100,000 |
88,587 |
4.30%,
07/27/33
|
200,000 |
199,066 |
Province
of New Brunswick | ||
3.63%,
02/24/28
|
100,000 |
97,271 |
Province
of Ontario | ||
0.63%,
01/21/26
|
950,000 |
880,306 |
1.05%,
04/14/26
|
775,000 |
720,037 |
2.50%,
04/27/26
|
600,000 |
575,747 |
2.30%,
06/15/26
|
550,000 |
524,477 |
3.10%,
05/19/27
|
350,000 |
338,068 |
1.05%,
05/21/27
|
400,000 |
360,861 |
2.00%,
10/02/29
|
485,000 |
432,893 |
1.13%,
10/07/30
|
575,000 |
471,853 |
1.60%,
02/25/31
|
500,000 |
420,662 |
1.80%,
10/14/31
|
650,000 |
547,483 |
2.13%,
01/21/32(c) |
375,000 |
321,140 |
Province
of Quebec | ||
1.50%,
02/11/25
|
700,000 |
674,953 |
0.60%,
07/23/25
|
1,080,000 |
1,015,635 |
2.50%,
04/20/26
|
300,000 |
288,052 |
2.75%,
04/12/27
|
400,000 |
382,364 |
3.63%,
04/13/28
|
1,000,000 |
980,365 |
7.50%,
09/15/29
|
468,000 |
546,316 |
1.35%,
05/28/30
|
425,000 |
357,934 |
1.90%,
04/21/31
|
300,000 |
257,011 |
4.50%,
09/08/33
|
300,000 |
303,962 |
|
|
15,807,464 |
U.S.
0.6% | ||
Alabama
Federal Aid Highway Finance
Authority |
|
|
RB
Series B |
|
|
2.65%,
09/01/37
(a) |
50,000 |
40,082 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Alameda
County Joint Powers Authority |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
7.05%,
12/01/44
|
105,000 |
127,405 |
American
Municipal Power, Inc. |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
8.08%,
02/15/50
|
250,000 |
337,004 |
Bay
Area Toll Authority |
|
|
RB
(Build America Bonds) Series
2009F2 |
|
|
6.26%,
04/01/49
|
500,000 |
582,648 |
RB
(Build America Bonds) Series
2010S1 |
|
|
7.04%,
04/01/50
|
300,000 |
379,927 |
RB
(Build America Bonds) Series
2010S3 |
|
|
6.91%,
10/01/50
|
250,000 |
314,901 |
RB
Sereis F3 |
|
|
3.13%,
04/01/55(a) |
165,000 |
116,748 |
Broward
Cnty Airport System Revenue |
|
|
RB
Series C |
|
|
3.48%,
10/01/43
(a) |
30,000 |
24,924 |
California |
|
|
GO
(Build America Bonds) Series 2009 |
|
|
7.50%,
04/01/34
|
1,050,000 |
1,272,918 |
GO
(Build America Bonds) Series 2009 |
|
|
7.55%,
04/01/39
|
1,000,000 |
1,260,915 |
GO
(Build America Bonds) Series 2009 |
|
|
7.30%,
10/01/39
|
800,000 |
971,510 |
GO
(Build America Bonds) Series 2009 |
|
|
7.35%,
11/01/39
|
615,000 |
745,741 |
California
Health Facilities Financing
Authority |
|
|
4.19%,
06/01/37
(a) |
10,000 |
9,122 |
California
State University |
|
|
RB
Series 2017B |
|
|
3.90%,
11/01/47(a) |
115,000 |
99,367 |
RB
Series E |
|
|
2.90%,
11/01/51(a) |
100,000 |
73,158 |
Series
B |
|
|
2.72%,
11/01/52
|
400,000 |
274,092 |
Central
Puget Sound Regional Transit
Authority |
|
|
RB
(Build America Bonds) Series
2009-S |
|
|
5.49%,
11/01/39
|
15,000 |
16,195 |
Chicago
O'Hare International Airport |
|
|
RB
(Build America Bonds) Series
2010B |
|
|
6.40%,
01/01/40
|
150,000 |
172,058 |
Series
C |
|
|
4.47%,
01/01/49
|
150,000 |
142,651 |
Series
C |
|
|
4.57%,
01/01/54
|
50,000 |
47,777 |
Chicago
Transit Authority Sales & Transfer
Tax
Receipts Revenue |
|
|
RB
(Pension Funding) Series 2008A |
|
|
6.90%,
12/01/40
|
422,080 |
479,842 |
RB
(Pension Funding) Series 2008B |
|
|
6.90%,
12/01/40
|
189,209 |
214,869 |
City
of Atlanta GA Water & Wastewater
Revenue |
|
|
2.26%,
11/01/35
(a) |
125,000 |
101,046 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
City
of Houston TX |
|
|
GO
Bonds (Pension Funding) Series
2017 |
|
|
3.96%,
03/01/47
|
255,000 |
226,679 |
City
of New York NY |
|
|
GO
Bonds (Build America Bonds)
Series
C1 |
|
|
5.52%,
10/01/37
|
15,000 |
15,622 |
City
of Riverside CA |
|
|
RB
Series A |
|
|
3.86%,
06/01/45
(a) |
40,000 |
34,332 |
City
of San Antonio TX Electric & Gas
Systems
Revenue |
|
|
RB
(Build America Bonds) Series 2009 |
|
|
5.99%,
02/01/39
|
150,000 |
164,419 |
RB
Series 2012 |
|
|
4.43%,
02/01/42
|
210,000 |
199,564 |
City
of San Francisco CA Public Utilities
Commission
Water Revenue |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
6.95%,
11/01/50
|
150,000 |
179,956 |
City
of Tucson AZ |
|
|
Series
A, (AGM) |
|
|
2.86%,
07/01/47
|
560,000 |
413,770 |
Commonwealth
Financing Authority |
|
|
RB
Series A |
|
|
3.86%,
06/01/38
|
75,000 |
68,360 |
RB
Series A |
|
|
2.99%,
06/01/42
|
20,000 |
15,568 |
Series
A |
|
|
4.14%,
06/01/38
|
215,000 |
199,803 |
Commonwealth
of Massachusetts |
|
|
GO
(Build America Bonds) Series 2009 |
|
|
5.46%,
12/01/39
|
100,000 |
104,815 |
GO
(Build America Bonds) Series
2010D |
|
|
4.50%,
08/01/31
|
400,000 |
397,248 |
RB
Series B |
|
|
4.11%,
07/15/31
|
158,210 |
154,104 |
Series
D |
|
|
2.66%,
09/01/39
|
142,099 |
114,462 |
Series
D |
|
|
2.81%,
09/01/43
|
150,000 |
111,010 |
Series
H |
|
|
2.90%,
09/01/49
|
300,000 |
215,418 |
Commonwealth
of Massachusetts
Transportation
Fund Revenue |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
5.73%,
06/01/40
|
200,000 |
214,494 |
Connecticut |
|
|
GO
Bonds Series 2008A |
|
|
5.85%,
03/15/32
|
400,000 |
428,127 |
County
of Clark Department of Aviation |
|
|
RB
(Build America Bonds) Series
2010C |
|
|
6.82%,
07/01/45
|
350,000 |
431,038 |
County
of Cook IL |
|
|
GO
(Build America Bonds) Series D |
|
|
6.23%,
11/15/34
|
115,000 |
125,065 |
County
of Miami-Dade FL Aviation Revenue |
|
|
RB
Series C |
|
|
4.28%,
10/01/41
(a) |
35,000 |
31,566 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
County
of Miami-Dade FL Water & Sewer
System
Revenue |
|
|
Series
C |
|
|
3.49%,
10/01/42
(a) |
200,000 |
167,122 |
Dallas
Area Rapid Transit |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
5.02%,
12/01/48
|
250,000 |
249,005 |
Series
B |
|
|
6.00%,
12/01/44
|
300,000 |
338,156 |
Dallas
Convention Center Hotel Development
Corp. |
|
|
7.09%,
01/01/42
|
105,000 |
120,136 |
Dallas
County Hospital District |
|
|
GO
(Build America Bonds) Series C |
|
|
5.62%,
08/15/44
|
150,000 |
160,973 |
Dallas
Fort Worth International Airport |
|
|
RB
Series 2020C |
|
|
2.92%,
11/01/50
|
150,000 |
110,985 |
RB
Series A |
|
|
4.09%,
11/01/51
|
25,000 |
22,065 |
RB
Series C |
|
|
2.84%,
11/01/46(a) |
35,000 |
26,344 |
Series
A |
|
|
2.99%,
11/01/38
|
175,000 |
147,255 |
Series
A |
|
|
3.14%,
11/01/45
|
105,000 |
82,123 |
Series
C |
|
|
3.09%,
11/01/40(a) |
205,000 |
166,611 |
Dallas
Independent School District |
|
|
GO
(Build America Bonds) Series
2010C |
|
|
6.45%,
02/15/35
(a) |
350,000 |
351,206 |
District
of Columbia Income Tax Revenue |
|
|
Series
E |
|
|
5.59%,
12/01/34
|
350,000 |
369,652 |
District
of Columbia Water & Sewer Authority |
|
|
RB
Series 2014A |
|
|
4.81%,
10/01/14
|
185,000 |
180,904 |
East
Bay Municipal Utility District Water
System
Revenue |
|
|
Water
System RB (Build America
Bonds)
Series 2010 |
|
|
5.87%,
06/01/40
|
50,000 |
55,162 |
Foothill-Eastern
Transportation Corridor
Agency |
|
|
Series
A |
|
|
4.09%,
01/15/49(a) |
130,000 |
108,868 |
Series
A |
|
|
3.92%,
01/15/53(a) |
125,000 |
99,242 |
Golden
State Tobacco Securitization Corp. |
|
|
RB
Series B |
|
|
2.75%,
06/01/34(a) |
100,000 |
83,619 |
RB
Series B |
|
|
3.00%,
06/01/46
|
155,000 |
142,324 |
RB
Series B-1 |
|
|
3.85%,
06/01/50(a) |
70,000 |
65,007 |
Grand
Parkway Transportation Corp. |
|
|
RB
Series 2013E |
|
|
5.18%,
10/01/42
|
200,000 |
206,879 |
Series
B |
|
|
3.24%,
10/01/52(a) |
300,000 |
225,832 |
Great
Lakes Water Authority Water Supply
System
Revenue |
|
|
RB
Series C |
|
|
3.47%,
07/01/41
(a) |
275,000 |
235,283 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Illinois |
|
|
GO
(Build America Bonds) Series 2010 |
|
|
6.63%,
02/01/35
|
138,462 |
145,541 |
GO
(Build America Bonds) Series 2010 |
|
|
6.73%,
04/01/35
|
318,461 |
337,108 |
GO
Bonds (Pension Funding) Series
2003 |
|
|
5.10%,
06/01/33
|
2,145,000 |
2,123,422 |
Illinois
State Toll Highway Authority |
|
|
RB
(Build America Bonds) Series A |
|
|
6.18%,
01/01/34
|
30,000 |
32,964 |
Indiana
Finance Authority |
|
|
3.05%,
01/01/51
|
60,000 |
45,444 |
JobsOhio
Beverage System |
|
|
RB
(Build America Bonds) Series B |
|
|
3.99%,
01/01/29
|
100,000 |
98,267 |
Series
B |
|
|
4.53%,
01/01/35
|
200,000 |
197,314 |
Kansas
Development Finance Authority |
|
|
RB
Series H |
|
|
4.93%,
04/15/45
|
40,000 |
39,345 |
RB
Series K |
|
|
2.77%,
05/01/51
|
30,000 |
21,621 |
Los
Angeles Community College District |
|
|
GO
(Build America Bonds) Series 2010 |
|
|
6.75%,
08/01/49
|
85,000 |
106,071 |
GO
Bonds Series 2020 |
|
|
1.61%,
08/01/28
|
125,000 |
112,033 |
GO
Bonds Series 2020 |
|
|
1.81%,
08/01/30
|
200,000 |
171,405 |
GO
Bonds Series 2020 |
|
|
2.11%,
08/01/32(a) |
350,000 |
290,671 |
Los
Angeles County Metropolitan
Transportation
Authority Sales Tax Revenue |
|
|
5.74%,
06/01/39
|
230,000 |
242,934 |
Los
Angeles Department of Water & Power
Power
System |
|
|
5.72%,
07/01/39
|
145,000 |
155,493 |
RB
(Build America Bonds) Series 2010 |
|
|
6.57%,
07/01/45
|
250,000 |
296,101 |
Los
Angeles Unified School District |
|
|
GO
(Build America Bonds) Series 2009 |
|
|
5.76%,
07/01/29
|
300,000 |
311,936 |
GO
(Build America Bonds) Series 2009 |
|
|
5.75%,
07/01/34
|
225,000 |
239,828 |
GO
(Build America Bonds) Series 2010 |
|
|
6.76%,
07/01/34
|
450,000 |
509,492 |
Louisiana
Local Government Environmental
Facilities
& Community Development
Authority |
|
|
RB
Sereis A1 |
|
|
5.08%,
06/01/31(a) |
138,517 |
139,601 |
RB
Series A |
|
|
3.62%,
02/01/29(a) |
51,628 |
50,494 |
RB
Series A |
|
|
4.15%,
02/01/33(a) |
200,000 |
193,474 |
Louisville
and Jefferson County Metropolitan
Sewer
District |
|
|
RB
(Build America Bonds) |
|
|
6.25%,
05/15/43
|
100,000 |
115,115 |
Maryland
Health & Higher Educational
Facilities
Authority |
|
|
RB
Series D |
|
|
3.05%,
07/01/40(a) |
100,000 |
78,256 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
RB
Series D |
|
|
3.20%,
07/01/50
|
100,000 |
72,418 |
Massachusetts
School Building Authority |
|
|
5.72%,
08/15/39
|
50,000 |
53,524 |
RB
Series B |
|
|
1.75%,
08/15/30
|
550,000 |
472,255 |
RB
Series B |
|
|
3.40%,
10/15/40(a) |
250,000 |
214,658 |
Metropolitan
Government Nashville &
Davidson
County Health & Educational Facs
Bd |
|
|
RB
(Vanderbilt Univ Medical Center)
Series
2016 B |
|
|
4.05%,
07/01/26
(a) |
200,000 |
195,990 |
Metropolitan
Government of Nashville &
Davidson
County Convention Center Auth |
|
|
RB
(Build America Bonds) Series B |
|
|
6.73%,
07/01/43
|
10,000 |
11,369 |
Metropolitan
Transportation Authority |
|
|
6.67%,
11/15/39
|
40,000 |
44,072 |
RB
(Build America Bonds) Series C |
|
|
7.34%,
11/15/39
|
350,000 |
434,476 |
RB
(Build America Bonds) Series E |
|
|
6.81%,
11/15/40
|
450,000 |
501,013 |
Metropolitan
Washington Airports Authority
Dulles
Toll Road Revenue |
|
|
RB
(Build America Bonds) Series B |
|
|
7.46%,
10/01/46
|
75,000 |
95,264 |
Metropolitan
Water Reclamation District of
Greater
Chicago |
|
|
5.72%,
12/01/38
|
250,000 |
267,084 |
Michigan
Finance Authority |
|
|
RB
Series 2019 |
|
|
3.38%,
12/01/40
|
350,000 |
293,072 |
Michigan
State Building Authority |
|
|
RB
Series 2020 |
|
|
2.71%,
10/15/40
(a) |
250,000 |
194,427 |
Michigan
State University |
|
|
RB
Series A |
|
|
4.50%,
08/15/48
(a) |
25,000 |
23,830 |
Missouri
Health & Educational Facilities
Authority |
|
|
RB
Series 2017A |
|
|
3.65%,
08/15/57
(a) |
120,000 |
95,462 |
Municipal
Electric Authority of Georgia |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
6.66%,
04/01/57
|
250,000 |
291,399 |
RB
(Build America Bonds) Series A |
|
|
6.64%,
04/01/57
|
247,000 |
282,810 |
RB
Series B |
|
|
7.06%,
04/01/57
|
35,000 |
39,062 |
New
Jersey Economic Development
Authority |
|
|
Series
A |
|
|
7.43%,
02/15/29
|
516,000 |
557,859 |
New
Jersey Transportation Trust Fund
Authority |
|
|
RB
(Build America Bonds) Series
2010C |
|
|
5.75%,
12/15/28
|
200,000 |
204,397 |
RB
(Build America Bonds) Series B |
|
|
6.56%,
12/15/40
|
50,000 |
56,421 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
New
Jersey Turnpike Authority |
|
|
RB
(Build America Bonds) Series 2009F |
|
|
7.41%,
01/01/40
|
500,000 |
625,589 |
RB
(Build America Bonds) Series
2010A |
|
|
7.10%,
01/01/41
|
650,000 |
791,929 |
New
York City Transitional Finance Authority |
|
|
RB
(Build America Bonds) Series
2011A1 |
|
|
5.51%,
08/01/37
|
450,000 |
465,152 |
New
York City Water & Sewer System |
|
|
RB
(Build America Bonds) Series GG |
|
|
5.72%,
06/15/42
|
100,000 |
109,296 |
Water
System RB (Build America
Bonds) |
|
|
6.01%,
06/15/42
|
250,000 |
282,116 |
Water
System RB (Build America
Bonds)
Series 2009 |
|
|
5.75%,
06/15/41
|
300,000 |
329,643 |
Water
System RB (Build America
Bonds)
Series 2011CC |
|
|
5.88%,
06/15/44
|
250,000 |
278,485 |
New
York State Dormitory Authority |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
5.60%,
03/15/40
|
200,000 |
212,077 |
RB
Series 2009F |
|
|
5.63%,
03/15/39
|
200,000 |
208,551 |
New
York State Thruway Authority |
|
|
RB
Series M |
|
|
3.50%,
01/01/42(a) |
115,000 |
98,481 |
Series
M |
|
|
2.90%,
01/01/35
|
150,000 |
129,734 |
New
York State Urban Development Corp. |
|
|
RB
(Build America Bonds) Series 2009 |
|
|
5.77%,
03/15/39
|
385,000 |
398,763 |
North
Texas Tollway Authority |
|
|
RB
(Build America Bonds) Series
2009B |
|
|
6.72%,
01/01/49
|
350,000 |
426,513 |
Ohio
State University |
|
|
RB
(Build America Bonds) Series
2010C |
|
|
4.91%,
06/01/40
|
650,000 |
652,292 |
Ohio
Turnpike & Infrastructure Commission |
|
|
RB
Series A |
|
|
3.22%,
02/15/48
(a) |
100,000 |
75,565 |
Oklahoma
Development Finance Authority |
|
|
4.38%,
11/01/45(a) |
45,000 |
42,833 |
4.71%,
05/01/52(a) |
150,000 |
146,531 |
Oregon |
|
|
GO
Bonds (Pension Funding) Series
2003 |
|
|
5.89%,
06/01/27
|
300,000 |
307,641 |
Oregon
School Boards Association |
|
|
Series
B |
|
|
5.55%,
06/30/28
|
500,000 |
510,278 |
Oregon
State University |
|
|
3.42%,
03/01/60
(a) |
270,000 |
202,826 |
Port
Authority of New York & New Jersey |
|
|
5.31%,
08/01/46(a) |
380,000 |
378,272 |
Consolidated
Bonds 164th Series |
|
|
5.65%,
11/01/40
|
240,000 |
258,763 |
Consolidated
Bonds 165th Series |
|
|
5.65%,
11/01/40
|
200,000 |
215,484 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Consolidated
Bonds 168th Series |
|
|
4.93%,
10/01/51
|
500,000 |
498,417 |
Consolidated
Bonds 174th Series |
|
|
4.46%,
10/01/62
|
950,000 |
866,424 |
Consolidated
Bonds 181st Series |
|
|
4.96%,
08/01/46
|
200,000 |
198,643 |
Regents
of the University of California
Medical
Center Pooled Revenue |
|
|
RB
(Build America Bonds) Series F |
|
|
6.58%,
05/15/49
|
310,000 |
361,807 |
RB
(Build America Bonds) Series H |
|
|
6.55%,
05/15/48
|
100,000 |
117,026 |
Series
N |
|
|
3.01%,
05/15/50(a) |
235,000 |
164,495 |
Regional
Transportation District Sales Tax
Revenue |
|
|
Series
B |
|
|
5.84%,
11/01/50
|
200,000 |
221,450 |
Rutgers
The State University of New Jersey |
|
|
RB
(Build America Bonds) Series H |
|
|
5.67%,
05/01/40
|
30,000 |
31,990 |
Series
P |
|
|
3.92%,
05/01/19(a) |
150,000 |
109,970 |
Series
R |
|
|
3.27%,
05/01/43
|
100,000 |
80,640 |
Sales
Tax Securitization Corp. |
|
|
RB
Series 2017B |
|
|
3.59%,
01/01/43
|
300,000 |
258,699 |
RB
Series B |
|
|
3.24%,
01/01/42
|
150,000 |
123,241 |
RB
Series B |
|
|
3.82%,
01/01/48
|
250,000 |
206,540 |
Salt
River Project Agricultural Improvement &
Power
District |
|
|
RB
(Build America Bonds) Series 2010 |
|
|
4.84%,
01/01/41
|
75,000 |
74,249 |
San
Diego County Regional Transportation
Commission |
|
|
RB
(Build America Bonds) Series
2010A |
|
|
5.91%,
04/01/48
|
300,000 |
333,698 |
San
Diego County Water Authority., Class B |
|
|
RB
(Build America Bonds) Series
2010B |
|
|
6.14%,
05/01/49
|
350,000 |
394,836 |
San
Joaquin Hills Transportation Corridor
Agency |
|
|
RB
Series B |
|
|
3.49%,
01/15/50
(a) |
240,000 |
183,094 |
San
Jose Redevelopment Agency Successor
Agency |
|
|
Series
A |
|
|
3.38%,
08/01/34
(a) |
425,000 |
384,613 |
State
Board of Administration Finance Corp. |
|
|
Series
A |
|
|
1.26%,
07/01/25
|
350,000 |
332,266 |
Series
A |
|
|
1.71%,
07/01/27
|
350,000 |
317,557 |
Series
A |
|
|
2.15%,
07/01/30
|
350,000 |
298,636 |
State
of California |
|
|
2.38%,
10/01/26
|
175,000 |
165,831 |
1.70%,
02/01/28
|
100,000 |
90,581 |
4.50%,
04/01/33(a) |
15,000 |
14,705 |
7.63%,
03/01/40
|
100,000 |
125,841 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.20%,
03/01/43(a) |
200,000 |
200,370 |
GO
Bonds |
|
|
7.60%,
11/01/40
|
300,000 |
385,130 |
GO
Bonds Series B |
|
|
2.65%,
04/01/26
|
40,000 |
38,463 |
State
of Illinois |
|
|
GO
(Build America Bonds) Series 2010 |
|
|
7.35%,
07/01/35
|
214,285 |
232,802 |
State
of Louisiana Gasoline and Fuels Tax
Revenue |
|
|
RB
Series A |
|
|
2.95%,
05/01/41
|
30,000 |
23,704 |
State
of Mississippi |
|
|
GO
Bonds (Build America Bonds)
Series
F |
|
|
5.25%,
11/01/34
|
75,000 |
77,737 |
State
of Oregon Department of
Transportation |
|
|
RB
(Build America Bonds) Series
2010A |
|
|
5.83%,
11/15/34
|
135,000 |
147,290 |
State
of Wisconsin |
|
|
RB
Series A |
|
|
3.95%,
05/01/36
(a) |
200,000 |
185,981 |
State
Public School Building Auth |
|
|
RB
Series A |
|
|
5.00%,
09/15/27
|
10,000 |
10,068 |
Texas |
|
|
GO
(Build America Bonds) Series
2010A |
|
|
4.68%,
04/01/40
|
200,000 |
198,970 |
GO
Mobility Fund Bonds (Build
America
Bonds) Series 2009A |
|
|
5.52%,
04/01/39
|
500,000 |
538,182 |
Texas
Private Activity Bond Surface
Transportation
Corp. |
|
|
RB
Series B |
|
|
3.92%,
12/31/49
|
430,000 |
351,768 |
Texas
Transportation Commission |
|
|
GO
Bonds Series 2020 |
|
|
2.47%,
10/01/44(a) |
465,000 |
333,573 |
RB
(Build America Bonds) Series B |
|
|
5.18%,
04/01/30
|
130,000 |
133,108 |
University
of California |
|
|
RB
(Build America Bonds) Series 2009 |
|
|
5.77%,
05/15/43
|
300,000 |
325,233 |
RB
Series 2015AQ |
|
|
4.77%,
05/15/15
|
300,000 |
272,582 |
RB
Series AD |
|
|
4.86%,
05/15/12
|
400,000 |
372,243 |
RB
Series AS |
|
|
5.95%,
05/15/45
|
250,000 |
274,607 |
RB
Series BG |
|
|
1.32%,
05/15/27(a) |
100,000 |
90,478 |
RB
Series BG |
|
|
1.61%,
05/15/30(a) |
250,000 |
209,872 |
RB
Series BJ |
|
|
3.07%,
05/15/51(a) |
250,000 |
173,851 |
University
of Michigan |
|
|
RB
Series C |
|
|
3.60%,
04/01/47
|
130,000 |
113,981 |
Series
B |
|
|
2.44%,
04/01/40(a) |
430,000 |
324,205 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
University
of Pittsburgh-of the
Commonwealth
System of Higher Education |
|
|
RB
Series 2019A |
|
|
3.56%,
09/15/19
(a) |
250,000 |
173,146 |
University
of Texas System |
|
|
RB
(Build America Bonds) Series C |
|
|
4.79%,
08/15/46
|
60,000 |
60,082 |
University
of Virginia |
|
|
General
Revenue Pledge and Refunding
Bonds,
Series 2020 |
|
|
2.26%,
09/01/50(a) |
400,000 |
251,815 |
Series
B |
|
|
2.58%,
11/01/51(a) |
325,000 |
217,950 |
Series
C |
|
|
4.18%,
09/01/17(a) |
150,000 |
124,477 |
Utah |
|
|
GO
(Build America Bonds) Series B |
|
|
3.54%,
07/01/25
|
104,803 |
103,690 |
GO
(Build America Bonds) Series D |
|
|
4.55%,
07/01/24
|
75,000 |
74,893 |
Wisconsin |
|
|
RB
Series A |
|
|
5.70%,
05/01/26
|
280,000 |
282,774 |
|
|
45,224,953 |
|
|
61,032,417 |
| ||
Sovereign
1.0% | ||
Canada
0.1%
| ||
Canada
Government International Bonds | ||
1.63%,
01/22/25
|
450,000 |
436,184 |
2.88%,
04/28/25
|
1,250,000 |
1,222,659 |
0.75%,
05/19/26
|
850,000 |
784,970 |
3.75%,
04/26/28
|
1,340,000 |
1,329,231 |
|
|
3,773,044 |
Chile
0.1%
| ||
Chile
Government International Bonds | ||
3.13%,
01/21/26
|
200,000 |
194,247 |
2.75%,
01/31/27(a) |
500,000 |
472,714 |
3.24%,
02/06/28(a) |
550,000 |
524,540 |
2.45%,
01/31/31(a) |
650,000 |
566,672 |
2.55%,
01/27/32(a) |
600,000 |
516,223 |
2.55%,
07/27/33(a) |
620,000 |
513,238 |
3.50%,
01/31/34(a) |
500,000 |
446,469 |
4.95%,
01/05/36(a) |
750,843 |
742,475 |
3.10%,
05/07/41(a) |
470,000 |
357,388 |
4.34%,
03/07/42(a) |
250,000 |
223,569 |
3.63%,
10/30/42
|
100,000 |
81,105 |
3.50%,
01/25/50(a) |
750,000 |
570,360 |
4.00%,
01/31/52(a) |
350,000 |
288,270 |
5.33%,
01/05/54(a) |
200,000 |
198,983 |
3.10%,
01/22/61(a) |
650,000 |
435,443 |
3.25%,
09/21/71(a) |
350,000 |
234,458 |
|
|
6,366,154 |
Hungary
0.0%
| ||
Hungary
Government International Bonds | ||
7.63%,
03/29/41
|
500,000 |
597,154 |
Indonesia
0.1%
| ||
Indonesia
Government International Bonds | ||
3.50%,
01/11/28
|
700,000 |
671,943 |
4.55%,
01/11/28(a) |
200,000 |
200,073 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.10%,
04/24/28
|
300,000 |
294,803 |
4.75%,
02/11/29
|
400,000 |
404,259 |
3.40%,
09/18/29
|
200,000 |
188,179 |
2.85%,
02/14/30
|
600,000 |
544,084 |
3.85%,
10/15/30
|
600,000 |
573,545 |
1.85%,
03/12/31(c) |
425,000 |
354,652 |
3.55%,
03/31/32(a) |
350,000 |
324,527 |
4.65%,
09/20/32(a) |
275,000 |
275,810 |
4.35%,
01/11/48
|
700,000 |
650,239 |
5.35%,
02/11/49
|
300,000 |
319,302 |
3.70%,
10/30/49
|
250,000 |
209,901 |
3.50%,
02/14/50(c) |
500,000 |
403,659 |
4.20%,
10/15/50
|
800,000 |
721,178 |
3.05%,
03/12/51
|
350,000 |
268,166 |
3.20%,
09/23/61(a) |
100,000 |
72,494 |
4.45%,
04/15/70
|
450,000 |
406,339 |
3.35%,
03/12/71
|
350,000 |
257,424 |
|
|
7,140,577 |
Israel
0.1%
| ||
Israel
Government International Bonds | ||
2.88%,
03/16/26
|
400,000 |
381,430 |
3.25%,
01/17/28
|
300,000 |
280,560 |
2.75%,
07/03/30
|
1,050,000 |
928,100 |
4.50%,
01/30/43
|
400,000 |
353,084 |
4.13%,
01/17/48
|
250,000 |
202,321 |
3.88%,
07/03/50
|
650,000 |
501,868 |
4.50%,
04/03/20
|
300,000 |
234,742 |
State
of Israel | ||
2.50%,
01/15/30
|
400,000 |
348,911 |
3.38%,
01/15/50
|
600,000 |
426,008 |
|
|
3,657,024 |
Italy
0.0%
| ||
Republic
of Italy Government International Bonds | ||
1.25%,
02/17/26
|
850,000 |
786,671 |
2.88%,
10/17/29
|
700,000 |
628,050 |
5.38%,
06/15/33
|
704,000 |
708,438 |
4.00%,
10/17/49
|
735,000 |
556,420 |
3.88%,
05/06/51
|
650,000 |
466,618 |
|
|
3,146,197 |
Mexico
0.2%
| ||
Mexico
Government International Bonds | ||
3.90%,
04/27/25(a)(c) |
200,000 |
198,312 |
4.13%,
01/21/26
|
750,000 |
745,791 |
4.15%,
03/28/27
|
885,000 |
878,357 |
3.75%,
01/11/28
|
425,000 |
410,759 |
5.40%,
02/09/28(a) |
450,000 |
461,874 |
4.50%,
04/22/29
|
1,150,000 |
1,136,464 |
3.25%,
04/16/30(a) |
800,000 |
725,906 |
2.66%,
05/24/31(a) |
1,050,000 |
889,016 |
8.30%,
08/15/31
|
450,000 |
546,554 |
4.75%,
04/27/32(a) |
700,000 |
675,039 |
7.50%,
04/08/33
|
250,000 |
287,099 |
3.50%,
02/12/34(a) |
815,000 |
691,102 |
6.75%,
09/27/34
|
650,000 |
705,021 |
6.05%,
01/11/40
|
850,000 |
859,720 |
4.28%,
08/14/41(a) |
800,000 |
663,033 |
4.75%,
03/08/44
|
1,225,000 |
1,052,955 |
5.55%,
01/21/45
|
850,000 |
813,415 |
4.60%,
01/23/46
|
800,000 |
668,010 |
4.35%,
01/15/47
|
450,000 |
362,798 |
4.60%,
02/10/48
|
700,000 |
578,660 |
4.50%,
01/31/50(a) |
725,000 |
593,234 |
5.00%,
04/27/51(a) |
1,000,000 |
869,739 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.34%,
05/04/53(a) |
200,000 |
204,000 |
3.77%,
05/24/61(a) |
1,075,000 |
730,492 |
5.75%,
10/12/10
|
1,050,000 |
941,652 |
|
|
16,689,002 |
Panama
0.1%
| ||
Panama
Government International Bonds | ||
3.75%,
03/16/25(a) |
500,000 |
486,885 |
7.13%,
01/29/26
|
400,000 |
410,003 |
8.88%,
09/30/27
|
425,000 |
464,141 |
3.88%,
03/17/28(a) |
400,000 |
370,122 |
9.38%,
04/01/29
|
400,000 |
455,103 |
3.16%,
01/23/30(a) |
525,000 |
448,646 |
2.25%,
09/29/32(a) |
850,000 |
623,225 |
6.40%,
02/14/35(a) |
500,000 |
488,664 |
6.70%,
01/26/36
|
650,000 |
646,346 |
6.88%,
01/31/36(a) |
200,000 |
199,993 |
4.50%,
05/15/47
|
400,000 |
284,461 |
4.50%,
04/16/50(a) |
800,000 |
556,110 |
4.30%,
04/29/53
|
700,000 |
470,051 |
4.50%,
04/01/56(a) |
700,000 |
471,718 |
3.87%,
07/23/60(a) |
1,025,000 |
615,390 |
4.50%,
01/19/63(a) |
475,000 |
312,247 |
|
|
7,303,105 |
Peru
0.1%
| ||
Peru
Government International Bonds | ||
7.35%,
07/21/25
|
100,000 |
103,443 |
4.13%,
08/25/27
|
325,000 |
319,115 |
2.84%,
06/20/30
|
300,000 |
266,774 |
2.78%,
01/23/31(a) |
1,200,000 |
1,046,751 |
1.86%,
12/01/32(a) |
425,000 |
333,281 |
8.75%,
11/21/33
|
450,000 |
566,375 |
3.00%,
01/15/34(a) |
550,000 |
464,817 |
6.55%,
03/14/37
|
400,000 |
446,127 |
3.30%,
03/11/41(a) |
375,000 |
291,760 |
5.63%,
11/18/50
|
700,000 |
730,684 |
3.55%,
03/10/51(a) |
400,000 |
303,775 |
2.78%,
12/01/60(a) |
600,000 |
374,820 |
3.60%,
01/15/72(a) |
250,000 |
176,471 |
3.23%,
07/28/21(a) |
350,000 |
218,076 |
|
|
5,642,269 |
Philippines
0.1%
| ||
Philippines
Government International Bonds | ||
10.63%,
03/16/25
|
570,000 |
608,447 |
5.50%,
03/30/26
|
425,000 |
433,027 |
3.00%,
02/01/28
|
650,000 |
613,998 |
4.63%,
07/17/28
|
200,000 |
201,198 |
3.75%,
01/14/29
|
425,000 |
409,985 |
9.50%,
02/02/30
|
775,000 |
975,301 |
2.46%,
05/05/30
|
350,000 |
310,739 |
7.75%,
01/14/31
|
750,000 |
891,489 |
1.65%,
06/10/31
|
400,000 |
329,108 |
1.95%,
01/06/32
|
50,000 |
41,395 |
6.38%,
01/15/32
|
350,000 |
391,455 |
3.56%,
09/29/32
|
200,000 |
185,314 |
5.00%,
07/17/33
|
400,000 |
412,131 |
6.38%,
10/23/34
|
700,000 |
793,355 |
5.00%,
01/13/37
|
500,000 |
512,766 |
3.95%,
01/20/40
|
725,000 |
657,774 |
3.70%,
03/01/41
|
500,000 |
430,757 |
3.70%,
02/02/42
|
650,000 |
558,762 |
2.95%,
05/05/45
|
650,000 |
489,399 |
2.65%,
12/10/45
|
600,000 |
428,000 |
4.20%,
03/29/47
|
100,000 |
89,169 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.95%,
10/13/47
|
275,000 |
306,914 |
5.50%,
01/17/48
|
250,000 |
263,982 |
|
|
10,334,465 |
Poland
0.0%
| ||
Republic
of Poland Government International Bonds | ||
3.25%,
04/06/26
|
549,000 |
532,987 |
5.75%,
11/16/32(a) |
600,000 |
648,871 |
4.88%,
10/04/33(a) |
800,000 |
810,515 |
5.50%,
04/04/53(a) |
825,000 |
860,810 |
|
|
2,853,183 |
Republic
of Korea 0.0%
| ||
Korea
International Bonds | ||
2.75%,
01/19/27
|
270,000 |
258,642 |
3.50%,
09/20/28
|
200,000 |
194,166 |
2.50%,
06/19/29
|
475,000 |
437,587 |
1.00%,
09/16/30
|
395,000 |
322,510 |
1.75%,
10/15/31
|
200,000 |
168,082 |
3.88%,
09/20/48
|
200,000 |
176,369 |
|
|
1,557,356 |
Uruguay
0.1%
| ||
Uruguay
Government International Bonds | ||
4.38%,
10/27/27
|
550,000 |
554,568 |
4.38%,
01/23/31(a) |
950,000 |
943,199 |
5.75%,
10/28/34(a) |
50,000 |
54,262 |
7.63%,
03/21/36
|
425,000 |
529,796 |
4.13%,
11/20/45
|
300,000 |
272,696 |
5.10%,
06/18/50
|
1,000,000 |
1,004,267 |
4.98%,
04/20/55
|
850,000 |
829,336 |
|
|
4,188,124 |
|
|
73,247,654 |
| ||
Supranational*
1.3% | ||
African
Development Bank | ||
3.38%,
07/07/25
|
465,000 |
457,174 |
0.88%,
03/23/26
|
100,000 |
92,868 |
0.88%,
07/22/26
|
900,000 |
828,081 |
4.38%,
11/03/27
|
500,000 |
505,541 |
4.38%,
03/14/28
|
625,000 |
632,967 |
Arab
Petroleum Investments Corp. | ||
1.48%,
10/06/26
(c)(d) |
125,000 |
113,928 |
Asian
Development Bank | ||
0.63%,
10/08/24
|
175,000 |
169,305 |
2.00%,
01/22/25
|
1,350,000 |
1,311,856 |
0.63%,
04/29/25
|
1,220,000 |
1,158,123 |
0.38%,
09/03/25
|
950,000 |
887,981 |
4.25%,
01/09/26
|
1,025,000 |
1,024,382 |
0.50%,
02/04/26
|
1,150,000 |
1,063,767 |
1.00%,
04/14/26
|
1,755,000 |
1,632,557 |
2.00%,
04/24/26
|
500,000 |
475,535 |
2.63%,
01/12/27
|
1,000,000 |
957,866 |
1.50%,
01/20/27
|
1,250,000 |
1,157,463 |
3.13%,
08/20/27
|
650,000 |
629,888 |
2.50%,
11/02/27
|
1,038,000 |
981,666 |
2.75%,
01/19/28
|
525,000 |
499,938 |
3.75%,
04/25/28
|
250,000 |
247,283 |
1.25%,
06/09/28
|
300,000 |
266,456 |
5.82%,
06/16/28
|
525,000 |
561,429 |
4.50%,
08/25/28
|
750,000 |
765,438 |
1.88%,
03/15/29
|
550,000 |
495,668 |
1.75%,
09/19/29
|
1,150,000 |
1,019,978 |
1.88%,
01/24/30
|
1,200,000 |
1,061,641 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.75%,
10/08/30
|
1,150,000 |
928,584 |
1.50%,
03/04/31
|
500,000 |
422,249 |
3.13%,
04/27/32
|
200,000 |
187,226 |
3.88%,
09/28/32
|
500,000 |
493,555 |
4.00%,
01/12/33
|
300,000 |
299,111 |
3.88%,
06/14/33
|
100,000 |
98,631 |
Asian
Infrastructure Investment Bank | ||
0.50%,
05/28/25
|
1,125,000 |
1,062,116 |
0.50%,
01/27/26
|
1,225,000 |
1,132,049 |
3.75%,
09/14/27
|
500,000 |
493,718 |
4.00%,
01/18/28
|
630,000 |
626,897 |
Corp.
Andina de Fomento | ||
1.63%,
09/23/25
|
1,000,000 |
942,982 |
5.25%,
11/21/25
|
100,000 |
100,202 |
2.25%,
02/08/27
|
250,000 |
230,913 |
6.00%,
04/26/27
|
500,000 |
517,502 |
Council
of Europe Development Bank | ||
1.38%,
02/27/25
|
350,000 |
336,855 |
3.00%,
06/16/25
|
525,000 |
513,058 |
3.75%,
05/25/26
|
50,000 |
49,463 |
0.88%,
09/22/26
|
525,000 |
480,740 |
European
Bank for Reconstruction & Development | ||
1.50%,
02/13/25
|
25,000 |
24,127 |
0.50%,
05/19/25
|
1,295,000 |
1,224,191 |
0.50%,
11/25/25
|
750,000 |
697,303 |
0.50%,
01/28/26
|
850,000 |
786,746 |
4.38%,
03/09/28
|
750,000 |
760,731 |
European
Investment Bank | ||
1.88%,
02/10/25
|
1,200,000 |
1,164,030 |
1.63%,
03/14/25
|
2,125,000 |
2,050,866 |
0.63%,
07/25/25
|
1,075,000 |
1,012,944 |
0.38%,
12/15/25
|
90,000 |
83,402 |
0.38%,
03/26/26
|
1,525,000 |
1,401,829 |
2.13%,
04/13/26
|
800,000 |
764,065 |
0.75%,
10/26/26
|
625,000 |
569,965 |
1.38%,
03/15/27
|
1,425,000 |
1,311,193 |
2.38%,
05/24/27
|
667,000 |
632,126 |
0.63%,
10/21/27
|
225,000 |
198,371 |
3.25%,
11/15/27
|
2,150,000 |
2,092,182 |
3.88%,
03/15/28
|
325,000 |
323,660 |
1.75%,
03/15/29
|
1,050,000 |
941,790 |
1.63%,
10/09/29
|
230,000 |
202,514 |
0.88%,
05/17/30
|
255,000 |
210,820 |
3.63%,
07/15/30
|
1,200,000 |
1,174,629 |
0.75%,
09/23/30
|
300,000 |
243,949 |
1.25%,
02/14/31(c) |
1,900,000 |
1,588,141 |
1.63%,
05/13/31
|
500,000 |
427,019 |
3.75%,
02/14/33
|
1,600,000 |
1,570,852 |
4.88%,
02/15/36
|
450,000 |
481,972 |
Inter-American
Development Bank | ||
3.00%,
02/21/24
|
250,000 |
249,156 |
2.13%,
01/15/25
|
1,400,000 |
1,363,061 |
1.75%,
03/14/25
|
1,350,000 |
1,304,242 |
0.88%,
04/03/25
|
835,000 |
796,776 |
0.63%,
07/15/25
|
950,000 |
895,585 |
0.88%,
04/20/26
|
1,525,000 |
1,414,581 |
2.00%,
06/02/26
|
550,000 |
522,230 |
2.00%,
07/23/26
|
700,000 |
663,166 |
2.38%,
07/07/27
|
1,200,000 |
1,134,904 |
0.63%,
09/16/27
|
750,000 |
663,287 |
1.13%,
07/20/28
|
950,000 |
836,883 |
3.13%,
09/18/28
|
1,700,000 |
1,636,433 |
2.25%,
06/18/29
|
1,400,000 |
1,280,419 |
1.13%,
01/13/31
|
700,000 |
578,070 |
3.50%,
04/12/33
|
750,000 |
718,115 |
3.88%,
10/28/41
|
150,000 |
138,860 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.20%,
08/07/42
|
200,000 |
167,816 |
4.38%,
01/24/44
|
350,000 |
345,274 |
Inter-American
Investment Corp. | ||
2.63%,
04/22/25
|
500,000 |
486,603 |
4.13%,
02/15/28
|
500,000 |
499,556 |
International
Bank for Reconstruction & Development | ||
2.50%,
11/25/24
|
650,000 |
636,412 |
1.63%,
01/15/25
|
1,550,000 |
1,501,416 |
2.13%,
03/03/25
|
100,000 |
97,129 |
0.75%,
03/11/25
|
1,650,000 |
1,575,869 |
0.63%,
04/22/25
|
2,975,000 |
2,827,308 |
0.38%,
07/28/25
|
200,000 |
187,595 |
2.50%,
07/29/25
|
2,375,000 |
2,303,771 |
0.50%,
10/28/25
|
2,310,000 |
2,153,638 |
3.13%,
11/20/25
|
450,000 |
439,755 |
0.88%,
07/15/26
|
750,000 |
691,202 |
1.88%,
10/27/26
|
275,000 |
258,683 |
3.13%,
06/15/27
|
500,000 |
484,916 |
2.50%,
11/22/27
|
540,000 |
510,362 |
0.75%,
11/24/27
|
1,875,000 |
1,655,062 |
1.38%,
04/20/28
|
1,525,000 |
1,367,415 |
3.50%,
07/12/28
|
1,000,000 |
979,624 |
4.63%,
08/01/28
|
750,000 |
769,500 |
1.13%,
09/13/28
|
1,000,000 |
877,920 |
3.63%,
09/21/29
|
25,000 |
24,543 |
1.75%,
10/23/29
|
1,050,000 |
928,461 |
3.88%,
02/14/30
|
1,000,000 |
992,659 |
0.88%,
05/14/30
|
2,000,000 |
1,647,938 |
4.00%,
07/25/30
|
350,000 |
349,624 |
0.75%,
08/26/30
|
1,200,000 |
972,083 |
1.25%,
02/10/31
|
1,225,000 |
1,018,879 |
1.63%,
11/03/31
|
1,200,000 |
1,011,229 |
2.50%,
03/29/32
|
1,000,000 |
895,200 |
4.75%,
02/15/35
|
600,000 |
626,454 |
International
Finance Corp. | ||
0.38%,
07/16/25
|
675,000 |
633,958 |
3.63%,
09/15/25
|
440,000 |
434,111 |
2.13%,
04/07/26
|
50,000 |
47,756 |
0.75%,
10/08/26
|
825,000 |
753,183 |
0.75%,
08/27/30
|
1,200,000 |
973,568 |
Nordic
Investment Bank | ||
2.63%,
04/04/25
|
500,000 |
487,596 |
0.38%,
09/11/25
|
750,000 |
700,828 |
0.50%,
01/21/26
|
250,000 |
231,539 |
3.38%,
09/08/27
|
150,000 |
146,618 |
4.38%,
03/14/28
|
500,000 |
506,647 |
|
|
98,249,515 |
Total
Government Related
(Cost
$391,862,589) |
360,963,743 | |
| ||
SECURITIZED
28.6%
OF NET ASSETS | ||
| ||
Asset-Backed
Securities 0.0% | ||
Credit
Card 0.0%
| ||
Capital
One Multi-Asset Execution Trust | ||
Series
2019-A3, Class A3 |
|
|
2.06%,
08/15/28
(a) |
2,000,000 |
1,873,426 |
Electric
0.0%
| ||
PG&E
Wildfire Recovery Funding LLC | ||
3.59%,
06/01/32
|
123,492 |
119,031 |
4.26%,
06/01/38
|
150,000 |
143,203 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.45%,
12/01/49
|
400,000 |
363,952 |
4.67%,
12/01/53
|
275,000 |
259,114 |
|
|
885,300 |
Utilities
0.0%
| ||
Duke
Energy Florida Project Finance LLC | ||
2.54%,
09/01/31
|
300,493 |
281,561 |
Duke
Energy Progress NC Storm Funding LLC | ||
2.39%,
07/01/39
|
125,000 |
102,265 |
PG&E
Energy Recovery Funding LLC | ||
2.82%,
07/15/48
|
100,000 |
72,848 |
PG&E
Wildfire Recovery Funding LLC | ||
4.38%,
06/03/41
|
125,000 |
117,618 |
5.10%,
06/01/54
|
300,000 |
301,627 |
|
|
875,919 |
|
|
3,634,645 |
| ||
Commercial
Mortgage-Backed Security 2.0% | ||
Bank | ||
Series
2017-BNK7, Class A5 |
|
|
3.44%,
09/15/60(a) |
1,000,000 |
941,635 |
Series
2017-BNK8, Class A4 |
|
|
3.49%,
11/15/50(a) |
600,000 |
554,272 |
Series
2017-BNK9, Class A4 |
|
|
3.54%,
11/15/54(a) |
1,000,000 |
943,253 |
Series
2019-BN19, Class A3 |
|
|
3.18%,
08/15/61(a) |
800,000 |
703,436 |
Series
2020-BN26, Class A4 |
|
|
2.40%,
03/15/63(a) |
700,000 |
598,414 |
BBCMS
Mortgage Trust | ||
Series
2018-C2, Class A4 |
|
|
4.05%,
12/15/51(a) |
1,150,000 |
1,094,749 |
Series
2022-C15, Class A5 |
|
|
3.66%,
04/15/55(a) |
3,145,000 |
2,850,811 |
Benchmark
Mortgage Trust | ||
Series
2019-B12, Class A5 |
|
|
3.12%,
08/15/52(a) |
1,875,000 |
1,689,876 |
Series
2019-B13, Class A4 |
|
|
2.95%,
08/15/57(a) |
2,600,000 |
2,329,077 |
Series
2019-B9, Class A5 |
|
|
4.02%,
03/15/52(a) |
2,600,000 |
2,424,941 |
Series
2020-B16, Class A5 |
|
|
2.73%,
02/15/53(a) |
1,073,000 |
941,524 |
Series
2020-B18, Class A5 |
|
|
1.93%,
07/15/53(a) |
1,845,000 |
1,494,813 |
CD
Mortgage Trust | ||
Series
2017-CD3, Class A4 |
|
|
3.63%,
02/10/50
(a) |
1,715,000 |
1,594,125 |
CFCRE
Commercial Mortgage Trust | ||
Series
2016-C3, Class A3 |
|
|
3.87%,
01/10/48(a) |
5,325,000 |
5,120,297 |
Series
2016-C4, Class A4 |
|
|
3.28%,
05/10/58(a) |
1,000,000 |
948,262 |
Series
2016-C7, Class A3 |
|
|
3.84%,
12/10/54(a) |
3,625,000 |
3,421,962 |
Citigroup
Commercial Mortgage Trust | ||
Series
2014-GC23, Class A4 |
|
|
3.62%,
07/10/47(a) |
1,000,000 |
983,798 |
Series
2014-GC25, Class A4 |
|
|
3.64%,
10/10/47(a) |
210,000 |
206,285 |
Series
2016-GC36, Class A5 |
|
|
3.62%,
02/10/49(a) |
3,350,000 |
3,193,860 |
Series
2016-GC37, Class A4 |
|
|
3.31%,
04/10/49(a) |
600,000 |
571,649 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
2017-C4, Class A4 |
|
|
3.47%,
10/12/50(a) |
5,600,000 |
5,196,550 |
Series
2017-P7, Class A4 |
|
|
3.71%,
04/14/50(a) |
500,000 |
463,485 |
COMM
Mortgage Trust | ||
Series
2014-CR19, Class ASB |
|
|
3.50%,
08/10/47(a) |
49,551 |
49,182 |
Series
2014-CR21, Class A3 |
|
|
3.53%,
12/10/47(a) |
156,564 |
153,681 |
Series
2014-LC15, Class A4 |
|
|
4.01%,
04/10/47(a) |
209,626 |
208,884 |
Series
2015-CR22, Class A5 |
|
|
3.31%,
03/10/48(a) |
750,000 |
726,499 |
Series
2015-CR24, Class A5 |
|
|
3.70%,
08/10/48(a) |
400,000 |
386,579 |
Series
2015-LC23, Class A4 |
|
|
3.77%,
10/10/48(a) |
440,000 |
425,134 |
Series
2015-PC1, Class A5 |
|
|
3.90%,
07/10/50(a) |
497,400 |
484,938 |
Series
2016-CR28, Class A4 |
|
|
3.76%,
02/10/49(a) |
2,700,000 |
2,601,558 |
Series
2016-DC2, Class A5 |
|
|
3.77%,
02/10/49(a) |
100,000 |
96,377 |
CSAIL
Commercial Mortgage Trust | ||
Series
2015-C3, Class A4 |
|
|
3.72%,
08/15/48(a) |
300,000 |
289,035 |
Series
2019-C17, Class A5 |
|
|
3.02%,
09/15/52(a) |
2,238,000 |
1,957,836 |
CSMC
Trust | ||
Series
2016-NXSR, Class A4 |
|
|
3.79%,
12/15/49
(a)(j) |
100,000 |
94,966 |
Federal
Home Loan Mortgage Corp. Multifamily Structured Pass-Through
Certificates | ||
Series
K046, Class A2 |
|
|
3.21%,
03/25/25(a) |
920,000 |
900,233 |
Series
K053, Class A2 |
|
|
3.00%,
12/25/25(a) |
950,000 |
921,162 |
Series
K054, Class A2 |
|
|
2.75%,
01/25/26(a) |
300,000 |
289,301 |
Series
K055, Class A2 |
|
|
2.67%,
03/25/26(a) |
750,000 |
720,578 |
Series
K058, Class A2 |
|
|
2.65%,
08/25/26(a) |
750,000 |
716,122 |
Series
K061, Class A2 |
|
|
3.35%,
11/25/26(a)(j) |
519,223 |
504,137 |
Series
K062, Class A2 |
|
|
3.41%,
12/25/26(a) |
257,767 |
250,589 |
Series
K064, Class A2 |
|
|
3.22%,
03/25/27(a) |
107,000 |
103,376 |
Series
K070, Class A2 |
|
|
3.30%,
11/25/27(a)(j) |
308,000 |
296,520 |
Series
K071, Class A2 |
|
|
3.29%,
11/25/27(a) |
4,768,000 |
4,583,837 |
Series
K072, Class A2 |
|
|
3.44%,
12/25/27(a) |
1,500,000 |
1,449,947 |
Series
K074, Class A2 |
|
|
3.60%,
01/25/28(a) |
8,175,000 |
7,942,209 |
Series
K078, Class A2 |
|
|
3.85%,
06/25/28(a) |
1,183,000 |
1,159,327 |
Series
K083, Class A2 |
|
|
4.05%,
09/25/28(a)(j) |
2,100,000 |
2,071,506 |
Series
K084, Class A2 |
|
|
3.78%,
10/25/28(a)(j) |
2,000,000 |
1,948,540 |
Series
K085, Class A2 |
|
|
4.06%,
10/25/28(a)(j) |
900,000 |
887,491 |
Series
K087, Class A2 |
|
|
3.77%,
12/25/28(a) |
2,560,000 |
2,496,080 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
K088, Class A2 |
|
|
3.69%,
01/25/29(a) |
2,600,000 |
2,525,655 |
Series
K089, Class A2 |
|
|
3.56%,
01/25/29(a) |
2,990,000 |
2,887,333 |
Series
K091, Class A2 |
|
|
3.51%,
03/25/29(a) |
800,000 |
769,610 |
Series
K098, Class A2 |
|
|
2.43%,
08/25/29(a) |
500,000 |
452,580 |
Series
K100, Class A2 |
|
|
2.67%,
09/25/29(a) |
800,000 |
731,849 |
Series
K103, Class A2 |
|
|
2.65%,
11/25/29(a) |
2,200,000 |
2,006,347 |
Series
K112, Class A2 |
|
|
1.31%,
05/25/30(a) |
2,000,000 |
1,662,349 |
Series
K130, Class A2 |
|
|
1.72%,
06/25/31(a) |
3,500,000 |
2,916,697 |
Series
K131, Class A2 |
|
|
1.85%,
07/25/31(a) |
1,000,000 |
840,177 |
Series
K132, Class A2 |
|
|
2.02%,
08/25/31(a) |
1,000,000 |
846,637 |
Series
K149, Class A2 |
|
|
3.53%,
08/25/32(a) |
3,185,000 |
2,983,151 |
Series
K150, Class A2 |
|
|
3.71%,
09/25/32(a) |
1,600,000 |
1,518,001 |
Series
K-1511, Class A2 |
|
|
3.47%,
03/25/31(a) |
500,000 |
468,965 |
Series
K-1512, Class A2 |
|
|
2.99%,
05/25/31(a) |
1,425,000 |
1,301,889 |
Series
K153, Class A2 |
|
|
3.82%,
12/25/32(a)(j) |
4,200,000 |
4,014,688 |
Series
K154, Class A2 |
|
|
3.42%,
04/25/32(a) |
1,760,000 |
1,677,320 |
Series
K155, Class A3 |
|
|
3.75%,
04/25/33(a) |
835,000 |
791,995 |
Series
K157, Class A2 |
|
|
3.99%,
05/25/33(a) |
1,700,000 |
1,656,693 |
Series
K157, Class A2 |
|
|
4.20%,
05/25/33(a) |
400,000 |
392,933 |
Series
K733, Class A2 |
|
|
3.75%,
08/25/25(a)(j) |
1,490,189 |
1,464,452 |
Series
K735, Class A2 |
|
|
2.86%,
05/25/26(a) |
97,961 |
94,357 |
Series
K742, Class A2 |
|
|
1.76%,
03/25/28(a) |
700,000 |
632,163 |
Series
KS03, Class A4 |
|
|
3.16%,
05/25/25(a)(j) |
250,000 |
244,979 |
Federal
National Mortgage Association-Aces | ||
Series
2015-M13, Class A2 |
|
|
2.70%,
06/25/25(a)(j) |
100,373 |
97,495 |
Series
2015-M3, Class A2 |
|
|
2.72%,
10/25/24(a) |
350,481 |
343,119 |
Series
2016-M6, Class A2 |
|
|
2.49%,
05/25/26(a) |
2,081,397 |
1,986,845 |
GS
Mortgage Securities Trust | ||
Series
2016-GS4, Class A4 |
|
|
3.44%,
11/10/49(a) |
365,000 |
345,256 |
Series
2020-GC45, Class A5 |
|
|
2.91%,
02/13/53(a) |
3,500,000 |
3,104,144 |
JP
Morgan Chase Commercial Mortgage Securities Trust | ||
Series
2014-C20, Class A4A1 |
|
|
3.54%,
07/15/47(a) |
92,862 |
92,419 |
Series
2015-JP1, Class A4 |
|
|
3.65%,
01/15/49(a) |
556,031 |
535,747 |
JPMBB
Commercial Mortgage Securities Trust | ||
Series
2015-C28, Class A4 |
|
|
3.23%,
10/15/48(a) |
2,000,000 |
1,928,716 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
2015-C29, Class A4 |
|
|
3.61%,
05/15/48(a) |
1,000,000 |
964,380 |
Series
2015-C33, Class A4 |
|
|
3.77%,
12/15/48(a) |
1,150,000 |
1,108,154 |
Morgan
Stanley Bank of America Merrill Lynch Trust | ||
Series
2014-C16, Class A5 |
|
|
3.89%,
06/15/47(a) |
190,558 |
189,057 |
Series
2015-C24, Class A4 |
|
|
3.73%,
05/15/48(a) |
93,000 |
90,043 |
Series
2015-C24, Class ASB |
|
|
3.48%,
05/15/48(a) |
297,266 |
292,212 |
Morgan
Stanley Capital I Trust | ||
Series
2015-UBS8, Class A4 |
|
|
3.81%,
12/15/48(a) |
400,000 |
385,464 |
Series
2017-H1, Class A4 |
|
|
3.26%,
06/15/50(a) |
250,000 |
233,977 |
Series
2017-HR2, Class A4 |
|
|
3.59%,
12/15/50(a) |
1,300,000 |
1,228,563 |
Series
2020-HR8, Class A4 |
|
|
2.04%,
07/15/53(a) |
3,000,000 |
2,493,372 |
UBS
Commercial Mortgage Trust | ||
Series
2017-C1, Class A4 |
|
|
3.54%,
11/15/50(a) |
1,747,000 |
1,641,202 |
Series
2017-C3, Class A4 |
|
|
3.43%,
08/15/50(a) |
1,550,000 |
1,437,405 |
Series
2017-C6, Class A5 |
|
|
3.58%,
12/15/50(a) |
1,000,000 |
940,867 |
Series
2019-C18, Class A4 |
|
|
3.04%,
12/15/52(a) |
500,000 |
444,953 |
Wells
Fargo Commercial Mortgage Trust | ||
Series
2014-LC16 Class A4 |
|
|
3.55%,
08/15/50(a) |
280,370 |
279,037 |
Series
2015-C28, Class A3 |
|
|
3.29%,
05/15/48(a) |
971,679 |
942,501 |
Series
2015-C30, Class A4 |
|
|
3.66%,
09/15/58(a) |
723,000 |
698,626 |
Series
2015-C31, Class A3 |
|
|
3.43%,
11/15/48(a) |
1,188,128 |
1,155,917 |
Series
2015-NXS4, Class A4 |
|
|
3.72%,
12/15/48(a) |
2,000,000 |
1,928,756 |
Series
2015-P2, Class A4 |
|
|
3.81%,
12/15/48(a) |
1,500,000 |
1,446,754 |
Series
2016-C32, Class A4 |
|
|
3.56%,
01/15/59(a) |
500,000 |
479,659 |
Series
2016-NXS5, Class A4 |
|
|
3.37%,
01/15/59(a) |
1,158,206 |
1,094,903 |
Series
2016-NXS5, Class A6 |
|
|
3.64%,
01/15/59(a) |
2,000,000 |
1,917,925 |
Series
2016-NXS6, Class A4 |
|
|
2.92%,
11/15/49(a) |
150,000 |
140,677 |
Series
2017-C40, Class A4 |
|
|
3.58%,
10/15/50(a) |
1,551,000 |
1,464,931 |
Series
2017-C41, Class A4 |
|
|
3.47%,
11/15/50(a) |
2,000,000 |
1,885,399 |
Series
2017-C42, Class A4 |
|
|
3.59%,
12/15/50(a) |
2,400,000 |
2,213,556 |
Series
2018-C44, Class A5 |
|
|
4.21%,
05/15/51(a) |
1,500,000 |
1,439,807 |
Series
2018-C47, Class A3 |
|
|
4.18%,
09/15/61(a) |
1,230,173 |
1,178,465 |
Series
2019-C50, Class A5 |
|
|
3.73%,
05/15/52(a) |
1,000,000 |
929,731 |
Series
2019-C53, Class A4 |
|
|
3.04%,
10/15/52(a) |
4,000,000 |
3,583,225 |
Series
2019-C54, Class A4 |
|
|
3.15%,
12/15/52(a) |
800,000 |
718,259 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
2020-C55, Class A5 |
|
|
2.73%,
02/15/53(a) |
750,000 |
659,957 |
Series
2020-C58, Class A4 |
|
|
2.09%,
07/15/53(a) |
3,000,000 |
2,480,194 |
|
|
152,385,187 |
| ||
Mortgage-Backed
Securities Pass-Through 26.6% | ||
Federal
Home Loan Mortgage Corp. | ||
1.00%,
10/01/36(a) |
483,641 |
411,286 |
1.50%,
08/01/35 to 08/01/51 (a) |
61,755,346 |
50,589,438 |
2.00%,
01/01/28 to 03/01/52 (a) |
262,920,869 |
218,828,810 |
2.50%,
04/01/27 to 05/01/52 (a) |
160,588,522 |
138,717,368 |
3.00%,
08/01/26 to 08/01/52 (a) |
86,238,943 |
78,182,028 |
3.50%,
01/01/26 to 02/01/53 (a) |
53,114,399 |
49,700,172 |
4.00%,
04/01/26 to 10/01/52 (a) |
29,138,260 |
28,117,258 |
4.50%,
05/01/34 to 09/01/52 (a) |
14,915,371 |
14,750,360 |
5.00%,
11/01/33 to 06/01/53 (a) |
12,563,814 |
12,606,667 |
5.50%,
05/01/24 to 07/01/53 (a) |
11,072,627 |
11,255,951 |
6.00%,
07/01/33 to 12/01/53 (a) |
12,499,080 |
12,803,520 |
6.50%,
12/01/33 to 11/01/53 (a) |
7,178,837 |
7,414,574 |
Federal
National Mortgage Association | ||
1.00%,
03/01/36 to 07/01/36 (a) |
1,298,468 |
1,109,194 |
1.50%,
09/01/35 to 09/01/51 (a) |
49,394,300 |
41,224,975 |
2.00%,
04/01/28 to 05/01/52 (a) |
262,600,036 |
220,079,899 |
2.50%,
07/01/27 to 05/01/52 (a) |
199,069,347 |
172,609,605 |
3.00%,
12/01/25 to 05/01/52 (a) |
121,153,222 |
109,899,560 |
3.50%,
10/01/25 to 08/01/51 (a) |
74,993,629 |
70,494,824 |
4.00%,
02/01/26 to 07/01/52 (a) |
53,380,143 |
51,568,443 |
4.50%,
12/01/24 to 09/01/52 (a) |
26,663,728 |
26,451,661 |
5.00%,
09/01/33 to 08/01/53 (a) |
16,449,419 |
16,534,346 |
5.50%,
06/01/24 to 10/01/53 (a) |
19,073,617 |
19,452,025 |
6.00%,
04/01/35 to 11/01/53 (a) |
25,332,911 |
25,973,092 |
6.50%,
08/01/34 to 12/01/53 (a) |
19,088,032 |
19,676,908 |
7.00%,
12/01/53(a) |
2,500,000 |
2,588,112 |
Government
National Mortgage Association | ||
1.50%,
03/20/51 to 10/20/51 (a) |
1,400,681 |
1,142,228 |
2.00%,
04/20/36 to 04/20/52 (a) |
100,701,403 |
85,334,153 |
2.50%,
03/20/27 to 04/20/52 (a) |
103,535,534 |
90,908,408 |
3.00%,
01/20/27 to 06/20/52 (a) |
77,589,642 |
70,980,248 |
3.50%,
09/20/32 to 06/20/51 (a) |
52,243,870 |
49,365,493 |
4.00%,
06/15/39 to 09/20/52 (a) |
33,167,259 |
32,045,368 |
4.50%,
01/20/39 to 08/20/53 (a) |
24,072,850 |
23,719,053 |
5.00%,
03/20/33 to 11/20/53 (a) |
24,900,209 |
24,817,187 |
5.50%,
10/20/33 to 11/20/53 (a) |
24,697,399 |
24,861,839 |
6.00%,
10/15/36 to 11/20/53 (a) |
18,284,578 |
18,594,767 |
6.50%,
04/20/53 to 10/20/53 (a) |
7,964,207 |
8,150,859 |
7.00%,
01/20/53 to 11/20/53 (a) |
2,720,994 |
2,798,052 |
Government
National Mortgage Association, TBA | ||
3.50%,
01/20/54(a)(k) |
12,000,000 |
11,168,286 |
4.00%,
01/20/54(a)(k) |
5,500,000 |
5,251,379 |
4.50%,
01/20/54(a)(k) |
9,000,000 |
8,783,675 |
5.00%,
01/20/54(a)(k) |
5,500,000 |
5,462,907 |
Uniform
Mortgage-Backed Security, TBA | ||
3.50%,
02/25/49(a)(k) |
16,000,000 |
14,667,789 |
4.00%,
01/01/39 to 01/12/53 (a)(k) |
25,500,000 |
24,171,298 |
4.50%,
01/01/39 to 01/12/53 (a)(k) |
32,500,000 |
31,522,690 |
5.00%,
01/01/39 to 01/12/53 (a)(k) |
42,000,000 |
41,597,777 |
5.50%,
01/01/39 to 01/12/53 (a)(k) |
33,000,000 |
33,171,085 |
6.00%,
01/01/54(a)(k) |
4,000,000 |
4,062,262 |
|
|
2,013,616,879 |
Total
Securitized
(Cost
$2,417,742,099) |
2,169,636,711 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
3.2%
OF NET ASSETS | ||
| ||
Money
Market Funds 3.2% | ||
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 5.32%
(l) |
235,214,615 |
235,214,615 |
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 5.32%
(l)(m) |
10,690,700 |
10,690,700 |
|
|
245,905,315 |
Total
Short-Term Investments
(Cost
$245,905,315) |
245,905,315 | |
Total
Investments in Securities
(Cost
$8,263,811,830) |
7,776,638,551 |
* |
Supranational
bonds represent the debt of international organizations or
institutions
such as the World Bank, the International Monetary Fund, regional
multilateral
development banks and others. |
(a) |
The
effective maturity may be shorter than the final maturity shown because of
the
possibility of interim principal payments and prepayments or as the result
of
embedded demand features (puts or calls). |
(b) |
Security
is in a fixed-rate coupon period. Based on index eligibility
requirements
and the fund’s investment objective this security will be removed
from
the index prior to converting to a floating rate
security. |
(c) |
All
or a portion of this security is on loan. Securities on loan were valued
at
$10,223,476. |
(d) |
Securities
exempt from registration under Rule 144A of the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from
registrations,
normally to qualified institutional buyers. At the period end, the
value
of these amounted to $14,222,294 or 0.2% of net
assets. |
(e) |
Step
up security that pays an initial coupon rate for a set period and
increased
coupon
rates at one or more preset intervals. Rate shown is as of period
end. |
(f) |
Issuer
is affiliated with the fund’s investment adviser. |
(g) |
Interest
rate is subject to adjustments from time to time if a nationally
recognized
statistical rating organization downgrades (or subsequently
upgrades)
the debt rating assigned to the bond. |
(h) |
Guaranteed
by the Republic of Germany. |
(i) |
Zero
coupon security. |
(j) |
Fixed
rate is determined by a formula set forth in the security’s offering
documents
and is affected by the current WAC of the underlying
loans. |
(k) |
Security
or a portion of the security purchased on a delayed-delivery or
when-issued
basis. |
(l) |
The
rate shown is the annualized 7-day yield. |
(m) |
Security
purchased with cash collateral received for securities on
loan. |
GO
— |
General
obligation |
RB
— |
Revenue
bond |
REIT
— |
Real
Estate Investment Trust |
TBA
— |
To-be-announced |
WAC
— |
Weighted
Average Coupon, which is the weighted average gross interest rate
of
the securitized asset pool and is determined by the different speeds at
which
the underlying mortgages are paid
down. |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/22 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/23 |
FACE
AMOUNT
AT
12/31/23 |
INTEREST
INCOME
EARNED |
CORPORATES
0.1%
OF NET ASSETS | |||||||||
| |||||||||
Financial
Institutions 0.1% | |||||||||
Brokerage/Asset
Managers/Exchanges 0.1% | |||||||||
Charles
Schwab Corp. | |||||||||
3.55%,
02/01/24 |
$123,351 |
$— |
($123,057
) |
($3,858
) |
$3,943 |
($379
) |
$— |
$— |
$752 |
0.75%,
03/18/24 |
380,421 |
— |
(382,416
) |
(18,492
) |
20,711 |
(224
) |
— |
— |
692 |
3.75%,
04/01/24 |
78,848 |
— |
(78,612
) |
(4,646
) |
5,712 |
(1,302
) |
— |
— |
1,008 |
3.00%,
03/10/25 |
72,189 |
— |
— |
— |
815 |
83 |
73,087 |
75,000 |
2,250 |
4.20%,
03/24/25 |
148,416 |
9,875 |
— |
— |
4,070 |
(4,115
) |
158,246 |
160,000 |
6,313 |
3.63%,
04/01/25 |
97,517 |
— |
— |
— |
3,107 |
(2,368
) |
98,256 |
100,000 |
3,625 |
3.85%,
05/21/25 |
195,396 |
— |
— |
— |
4,785 |
(3,721
) |
196,460 |
200,000 |
7,700 |
3.45%,
02/13/26 |
72,709 |
— |
— |
— |
1,469 |
(1,433
) |
72,745 |
75,000 |
2,588 |
0.90%,
03/11/26 |
288,169 |
— |
— |
— |
10,380 |
(436
) |
298,113 |
325,000 |
2,925 |
1.15%,
05/13/26 |
222,469 |
8,891 |
— |
— |
7,036 |
109 |
238,505 |
260,000 |
2,925 |
5.88%,
08/24/26 |
— |
250,171 |
— |
— |
6,381 |
(9
) |
256,543 |
250,000 |
2,122 |
3.20%,
03/02/27 |
164,842 |
— |
— |
— |
5,177 |
(2,924
) |
167,095 |
175,000 |
5,600 |
2.45%,
03/03/27 |
366,072 |
— |
— |
— |
4,383 |
2,228 |
372,683 |
400,000 |
9,800 |
3.30%,
04/01/27 |
166,021 |
— |
— |
— |
3,968 |
(2,895
) |
167,094 |
175,000 |
5,775 |
3.20%,
01/25/28 |
163,390 |
— |
— |
— |
3,214 |
(1,277
) |
165,327 |
175,000 |
5,600 |
2.00%,
03/20/28 |
285,768 |
8,594 |
— |
— |
4,703 |
(428
) |
298,637 |
335,000 |
6,574 |
4.00%,
02/01/29 |
142,884 |
— |
— |
— |
5,587 |
(2,640
) |
145,831 |
150,000 |
6,000 |
5.64%,
05/19/29 |
— |
299,630 |
— |
— |
8,735 |
30 |
308,395 |
300,000 |
9,546 |
3.25%,
05/22/29 |
136,225 |
4,492 |
— |
— |
5,675 |
(928
) |
145,464 |
155,000 |
4,945 |
2.75%,
10/01/29 |
109,189 |
— |
— |
— |
4,287 |
(767
) |
112,709 |
125,000 |
3,437 |
6.20%,
11/17/29 |
— |
306,660 |
— |
— |
8,828 |
(78
) |
315,410 |
300,000 |
1,188 |
4.63%,
03/22/30 |
122,891 |
4,922 |
— |
— |
5,163 |
(2,236
) |
130,740 |
130,000 |
5,884 |
1.65%,
03/11/31 |
155,971 |
— |
— |
— |
4,548 |
981 |
161,500 |
200,000 |
3,300 |
2.30%,
05/13/31 |
163,819 |
— |
— |
— |
3,923 |
(456
) |
167,286 |
200,000 |
4,600 |
1.95%,
12/01/31 |
176,691 |
3,900 |
— |
— |
4,235 |
386 |
185,212 |
230,000 |
4,428 |
2.90%,
03/03/32 |
212,768 |
— |
— |
— |
2,298 |
815 |
215,881 |
250,000 |
7,250 |
5.85%,
05/19/34 |
— |
354,991 |
— |
— |
6,685 |
(210
) |
361,466 |
350,000 |
11,328 |
6.14%,
08/24/34 |
— |
350,431 |
— |
— |
19,429 |
(10
) |
369,850 |
350,000 |
6,562 |
Total |
$4,046,016 |
$1,602,557 |
($584,085
) |
($26,996
) |
$169,247 |
($24,204
) |
$5,182,535 |
|
$134,717 |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Corporates1
|
$— |
$1,865,088,736 |
$— |
$1,865,088,736 |
Treasuries1
|
— |
3,135,044,046 |
— |
3,135,044,046 |
Government
Related1
|
— |
360,963,743 |
— |
360,963,743 |
Securitized1
|
— |
2,169,636,711 |
— |
2,169,636,711 |
Short-Term
Investments1
|
245,905,315 |
— |
— |
245,905,315 |
Total |
$245,905,315 |
$7,530,733,236 |
$— |
$7,776,638,551 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - affiliated (cost
$5,509,519) |
|
$5,182,535 |
Investments
in securities, at value - unaffiliated (cost $8,258,302,311) including
securities on loan of $10,223,476 |
|
7,771,456,016 |
Cash |
|
251,889 |
Receivables: |
|
|
Investments
sold |
|
96,645,643 |
Interest |
|
52,480,342 |
Dividends |
|
936,213 |
Income
from securities on loan |
|
13,945 |
Foreign
tax reclaims |
+ |
155 |
Total
assets |
|
7,926,966,738 |
| ||
Liabilities | ||
Collateral
held for securities on loan |
|
10,690,700 |
Payables: |
|
|
Investments
bought - delayed-delivery |
|
206,390,205 |
Investments
bought |
|
126,192,540 |
Management
fees |
+ |
187,545 |
Total
liabilities |
|
343,460,990 |
Net
assets |
|
$7,583,505,748 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$8,544,850,263 |
Total
distributable loss |
+ |
(961,344,515
) |
Net
assets |
|
$7,583,505,748 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$7,583,505,748 |
|
162,600,000 |
|
$46.64 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated (net of foreign withholding tax of
$208)
|
|
$225,549,692 |
Dividends
received from securities - unaffiliated
|
|
7,421,014 |
Interest
received from securities - affiliated |
|
110,513 |
Securities
on loan, net |
+ |
89,972 |
Total
investment income
|
|
233,171,191 |
| ||
Expenses | ||
Management
fees |
|
2,115,296 |
Total
expenses |
– |
2,115,296 |
Net
investment income |
|
231,055,895 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(8,504
) |
Net
realized losses on sales of securities -
unaffiliated |
|
(174,640,637
) |
Net
realized losses on sales of in-kind redemptions -
affiliated |
|
(18,492
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(15,009,952
) |
Net
realized losses |
|
(189,677,585
) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
169,247 |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
337,149,714 |
Net
change in unrealized appreciation (depreciation) |
+ |
337,318,961 |
Net
realized and unrealized gains |
|
147,641,376 |
Increase
in net assets resulting from operations |
|
$378,697,271 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$231,055,895 |
$173,767,705 |
Net
realized losses |
|
(189,677,585
) |
(288,649,413
) |
Net
change in unrealized appreciation (depreciation) |
+ |
337,318,961 |
(1,020,183,841
) |
Increase
(decrease) in net assets resulting from operations |
|
$378,697,271 |
($1,135,065,549
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($236,337,780
) |
($185,912,810
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
31,700,000 |
$1,459,583,818 |
12,800,000 |
$619,764,211 |
Shares
redeemed |
+ |
(18,000,000
) |
(823,547,528
) |
(32,200,000
) |
(1,567,471,655
) |
Net
transactions in fund shares
|
|
13,700,000 |
$636,036,290 |
(19,400,000
) |
($947,707,444
) |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
148,900,000 |
$6,805,109,967 |
168,300,000 |
$9,073,795,770 |
Total
increase (decrease) |
+ |
13,700,000 |
778,395,781 |
(19,400,000
) |
(2,268,685,803
) |
End
of period |
|
162,600,000 |
$7,583,505,748 |
148,900,000 |
$6,805,109,967 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
10/10/191–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$46.95 |
$50.57 |
$51.37 |
$50.04 |
$50.00 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
1.44 |
0.75 |
0.50 |
0.89 |
0.23 |
|
Net
realized and unrealized gains (losses) |
1.39 |
(3.60
) |
(0.82
) |
1.74 |
0.02 |
|
Total
from investment operations |
2.83 |
(2.85
) |
(0.32
) |
2.63 |
0.25 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.44
) |
(0.77
) |
(0.48
) |
(0.89
) |
(0.21
) |
|
Distributions
from net realized gains |
— |
— |
— |
(0.41
) |
— |
|
Total
distributions |
(1.44
) |
(0.77
) |
(0.48
) |
(1.30
) |
(0.21
) |
|
Net
asset value at end of period |
$48.34 |
$46.95 |
$50.57 |
$51.37 |
$50.04 |
|
Total
return |
6.14
% |
(5.65
%) |
(0.64
%) |
5.31
% |
0.50
%3 |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%4,5 |
0.05
%6 |
0.05
% |
0.06
%7,8 |
|
Net
investment income (loss) |
3.04
% |
1.56
% |
0.99
% |
1.74
% |
2.01
%7 |
|
Portfolio
turnover rate9
|
28
% |
14
% |
13
% |
80
% |
12
%3 |
|
Net
assets, end of period (x 1,000) |
$389,173 |
$370,872 |
$609,404 |
$118,146 |
$35,029 |
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
Not
annualized. |
4 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
5 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
6 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for the period ended December 31, 2021 is
a blended ratio. |
7 |
Annualized. |
8 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended December 31, 2019 is a
blended ratio. |
9 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
99.0%
OF NET ASSETS | ||
| ||
Financial
Institutions 44.6% | ||
Banking
35.1%
| ||
Ally
Financial, Inc. | ||
4.63%,
03/30/25
|
75,000 |
74,091 |
5.80%,
05/01/25
(a) |
150,000 |
150,287 |
4.75%,
06/09/27
(a) |
125,000 |
120,647 |
7.10%,
11/15/27
(a) |
50,000 |
52,187 |
2.20%,
11/02/28
(a) |
75,000 |
64,211 |
6.99%,
06/13/29
(a)(b) |
150,000 |
155,222 |
American
Express Co. | ||
2.25%,
03/04/25
(a) |
250,000 |
241,965 |
3.95%,
08/01/25
(a) |
350,000 |
344,561 |
4.20%,
11/06/25
(a) |
125,000 |
123,614 |
4.99%,
05/01/26
(a)(b) |
100,000 |
99,777 |
3.13%,
05/20/26
(a) |
225,000 |
217,214 |
6.34%,
10/30/26
(a)(b) |
175,000 |
178,576 |
1.65%,
11/04/26
(a) |
175,000 |
161,564 |
2.55%,
03/04/27
(a) |
300,000 |
281,297 |
3.30%,
05/03/27
(a) |
350,000 |
334,896 |
5.39%,
07/28/27
(a)(b) |
200,000 |
202,454 |
5.85%,
11/05/27
(a) |
200,000 |
208,841 |
5.28%,
07/27/29
(a)(b) |
250,000 |
255,291 |
American
Express Credit Corp. | ||
3.30%,
05/03/27
(a) |
75,000 |
71,702 |
Australia
& New Zealand Banking Group Ltd. | ||
5.38%,
07/03/25
|
250,000 |
252,327 |
5.09%,
12/08/25
|
250,000 |
251,599 |
Banco
Bilbao Vizcaya Argentaria SA | ||
1.13%,
09/18/25
|
200,000 |
186,659 |
6.14%,
09/14/28
(a)(b) |
200,000 |
205,616 |
Banco
Santander SA | ||
3.50%,
03/24/25
|
200,000 |
195,771 |
2.75%,
05/28/25
|
200,000 |
193,096 |
5.15%,
08/18/25
|
200,000 |
198,967 |
5.18%,
11/19/25
|
200,000 |
198,371 |
1.85%,
03/25/26
|
200,000 |
185,314 |
4.25%,
04/11/27
|
200,000 |
193,917 |
5.29%,
08/18/27
|
200,000 |
200,657 |
1.72%,
09/14/27
(a)(b) |
200,000 |
181,130 |
6.53%,
11/07/27
(a)(b) |
200,000 |
207,107 |
4.18%,
03/24/28
(a)(b) |
200,000 |
192,412 |
4.38%,
04/12/28
|
200,000 |
194,456 |
5.59%,
08/08/28
|
400,000 |
408,346 |
6.61%,
11/07/28
|
200,000 |
213,197 |
Bank
of America Corp. | ||
4.00%,
01/22/25
|
400,000 |
394,616 |
3.95%,
04/21/25
|
400,000 |
393,399 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.88%,
08/01/25
|
275,000 |
271,264 |
3.37%,
01/23/26
(a)(b) |
320,000 |
312,605 |
2.02%,
02/13/26
(a)(b) |
300,000 |
288,321 |
4.45%,
03/03/26
|
350,000 |
346,192 |
3.38%,
04/02/26
(a)(b) |
450,000 |
438,110 |
3.50%,
04/19/26
|
425,000 |
413,841 |
1.32%,
06/19/26
(a)(b) |
475,000 |
447,347 |
4.83%,
07/22/26
(a)(b) |
300,000 |
297,915 |
6.22%,
09/15/26
|
100,000 |
103,708 |
4.25%,
10/22/26
|
150,000 |
147,400 |
1.20%,
10/24/26
(a)(b) |
350,000 |
325,160 |
5.08%,
01/20/27
(a)(b) |
350,000 |
349,521 |
1.66%,
03/11/27
(a)(b) |
450,000 |
416,415 |
3.56%,
04/23/27
(a)(b) |
450,000 |
433,493 |
1.73%,
07/22/27
(a)(b) |
860,000 |
788,206 |
5.93%,
09/15/27
(a)(b) |
250,000 |
255,170 |
3.25%,
10/21/27
(a) |
400,000 |
381,001 |
4.18%,
11/25/27
(a) |
325,000 |
316,195 |
3.82%,
01/20/28
(a)(b) |
400,000 |
384,830 |
2.55%,
02/04/28
(a)(b) |
350,000 |
324,629 |
3.71%,
04/24/28
(a)(b) |
250,000 |
239,122 |
4.38%,
04/27/28
(a)(b) |
350,000 |
342,334 |
3.59%,
07/21/28
(a)(b) |
300,000 |
284,834 |
4.95%,
07/22/28
(a)(b) |
500,000 |
499,926 |
6.20%,
11/10/28
(a)(b) |
300,000 |
313,385 |
3.42%,
12/20/28
(a)(b) |
900,000 |
847,618 |
3.97%,
03/05/29
(a)(b) |
350,000 |
334,592 |
5.20%,
04/25/29
(a)(b) |
550,000 |
553,592 |
2.09%,
06/14/29
(a)(b) |
500,000 |
441,452 |
4.27%,
07/23/29
(a)(b) |
450,000 |
434,738 |
5.82%,
09/15/29
(a)(b) |
400,000 |
413,130 |
Bank
of America NA | ||
5.65%,
08/18/25
(a) |
250,000 |
253,233 |
5.53%,
08/18/26
(a) |
300,000 |
305,677 |
Bank
of Montreal | ||
1.50%,
01/10/25
|
225,000 |
216,833 |
1.85%,
05/01/25
|
250,000 |
239,900 |
3.70%,
06/07/25
|
200,000 |
196,203 |
5.30%,
06/05/26
|
200,000 |
202,092 |
1.25%,
09/15/26
|
250,000 |
227,891 |
5.27%,
12/11/26
|
100,000 |
101,459 |
0.95%,
01/22/27
(a)(b) |
250,000 |
230,891 |
2.65%,
03/08/27
|
200,000 |
188,386 |
4.70%,
09/14/27
(a) |
150,000 |
150,439 |
5.20%,
02/01/28
(a) |
200,000 |
203,864 |
5.72%,
09/25/28
(a) |
150,000 |
155,578 |
3.80%,
12/15/32
(a)(b) |
175,000 |
161,149 |
Bank
of New York Mellon Corp. | ||
3.00%,
02/24/25
(a) |
145,000 |
141,914 |
1.60%,
04/24/25
(a) |
200,000 |
192,071 |
3.95%,
11/18/25
(a) |
75,000 |
73,757 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.75%,
01/28/26
(a) |
100,000 |
92,265 |
2.80%,
05/04/26
(a) |
150,000 |
143,793 |
4.41%,
07/24/26
(a)(b) |
100,000 |
98,986 |
2.45%,
08/17/26
(a) |
270,000 |
255,093 |
1.05%,
10/15/26
(a) |
150,000 |
135,896 |
2.05%,
01/26/27
(a) |
100,000 |
92,970 |
3.25%,
05/16/27
(a) |
150,000 |
143,885 |
3.40%,
01/29/28
(a) |
100,000 |
95,463 |
3.44%,
02/07/28
(a)(b) |
150,000 |
144,526 |
3.85%,
04/28/28
|
225,000 |
219,611 |
3.99%,
06/13/28
(a)(b) |
150,000 |
146,644 |
5.80%,
10/25/28
(a)(b) |
200,000 |
207,608 |
4.54%,
02/01/29
(a)(b) |
150,000 |
149,266 |
6.32%,
10/25/29
(a)(b) |
150,000 |
159,381 |
Bank
of Nova Scotia | ||
1.45%,
01/10/25
|
250,000 |
240,829 |
2.20%,
02/03/25
|
230,000 |
223,110 |
3.45%,
04/11/25
|
250,000 |
244,842 |
1.30%,
06/11/25
|
150,000 |
142,239 |
5.45%,
06/12/25
|
200,000 |
200,919 |
4.50%,
12/16/25
|
225,000 |
221,504 |
4.75%,
02/02/26
|
200,000 |
199,684 |
1.05%,
03/02/26
|
100,000 |
92,170 |
1.35%,
06/24/26
|
150,000 |
137,947 |
2.70%,
08/03/26
|
200,000 |
189,625 |
1.30%,
09/15/26
|
175,000 |
159,535 |
1.95%,
02/02/27
|
150,000 |
138,247 |
2.95%,
03/11/27
|
125,000 |
118,414 |
5.25%,
06/12/28
|
125,000 |
127,060 |
Bank
OZK | ||
2.75%,
10/01/31
(a)(b) |
100,000 |
81,215 |
BankUnited,
Inc. | ||
4.88%,
11/17/25
(a) |
75,000 |
73,245 |
Barclays
PLC | ||
3.65%,
03/16/25
|
300,000 |
293,430 |
4.38%,
01/12/26
|
200,000 |
197,497 |
2.85%,
05/07/26
(a)(b) |
250,000 |
241,481 |
5.20%,
05/12/26
|
300,000 |
298,248 |
5.30%,
08/09/26
(a)(b) |
250,000 |
249,240 |
7.33%,
11/02/26
(a)(b) |
250,000 |
258,355 |
5.83%,
05/09/27
(a)(b) |
300,000 |
302,727 |
6.50%,
09/13/27
(a)(b) |
250,000 |
257,119 |
2.28%,
11/24/27
(a)(b) |
300,000 |
275,456 |
4.34%,
01/10/28
(a) |
200,000 |
194,495 |
4.84%,
05/09/28
(a) |
300,000 |
292,895 |
5.50%,
08/09/28
(a)(b) |
275,000 |
276,666 |
7.39%,
11/02/28
(a)(b) |
250,000 |
267,307 |
4.97%,
05/16/29
(a)(b) |
250,000 |
245,853 |
6.49%,
09/13/29
(a)(b) |
200,000 |
208,737 |
BPCE
SA | ||
3.38%,
12/02/26
|
250,000 |
241,770 |
Canadian
Imperial Bank of Commerce | ||
2.25%,
01/28/25
|
225,000 |
218,075 |
3.30%,
04/07/25
|
250,000 |
244,325 |
5.14%,
04/28/25
|
150,000 |
150,106 |
3.95%,
08/04/25
|
100,000 |
98,498 |
0.95%,
10/23/25
|
200,000 |
186,779 |
1.25%,
06/22/26
|
200,000 |
183,469 |
3.45%,
04/07/27
(a) |
150,000 |
144,270 |
5.00%,
04/28/28
(a) |
200,000 |
201,209 |
5.99%,
10/03/28
(a) |
125,000 |
130,966 |
Capital
One Financial Corp. | ||
3.20%,
02/05/25
(a) |
195,000 |
190,527 |
4.25%,
04/30/25
(a) |
150,000 |
148,018 |
4.20%,
10/29/25
(a) |
275,000 |
270,100 |
2.64%,
03/03/26
(a)(b) |
200,000 |
191,749 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.99%,
07/24/26
(a)(b) |
300,000 |
297,156 |
3.75%,
07/28/26
(a) |
250,000 |
239,771 |
3.75%,
03/09/27
(a) |
250,000 |
239,067 |
3.65%,
05/11/27
(a) |
175,000 |
167,068 |
1.88%,
11/02/27
(a)(b) |
225,000 |
202,526 |
4.93%,
05/10/28
(a)(b) |
300,000 |
295,024 |
5.47%,
02/01/29
(a)(b) |
250,000 |
250,449 |
6.31%,
06/08/29
(a)(b) |
250,000 |
256,582 |
Citibank
NA | ||
5.86%,
09/29/25
(a) |
250,000 |
254,289 |
5.49%,
12/04/26
(a) |
250,000 |
254,696 |
5.80%,
09/29/28
(a) |
400,000 |
417,901 |
Citigroup,
Inc. | ||
3.88%,
03/26/25
|
175,000 |
171,992 |
3.30%,
04/27/25
|
250,000 |
244,460 |
4.40%,
06/10/25
|
400,000 |
395,533 |
5.50%,
09/13/25
|
250,000 |
251,461 |
3.70%,
01/12/26
|
325,000 |
317,483 |
2.01%,
01/25/26
(a)(b) |
300,000 |
288,320 |
4.60%,
03/09/26
|
275,000 |
271,684 |
3.29%,
03/17/26
(a)(b) |
250,000 |
243,565 |
3.11%,
04/08/26
(a)(b) |
500,000 |
486,289 |
3.40%,
05/01/26
|
300,000 |
289,778 |
5.61%,
09/29/26
(a)(b) |
425,000 |
428,239 |
3.20%,
10/21/26
(a) |
475,000 |
453,381 |
4.30%,
11/20/26
|
150,000 |
147,116 |
1.12%,
01/28/27
(a)(b) |
400,000 |
367,871 |
1.46%,
06/09/27
(a)(b) |
425,000 |
389,159 |
4.45%,
09/29/27
|
500,000 |
488,833 |
3.89%,
01/10/28
(a)(b) |
400,000 |
387,295 |
3.07%,
02/24/28
(a)(b) |
400,000 |
377,193 |
4.66%,
05/24/28
(a)(b) |
200,000 |
198,777 |
3.67%,
07/24/28
(a)(b) |
350,000 |
333,915 |
4.13%,
07/25/28
|
300,000 |
288,353 |
3.52%,
10/27/28
(a)(b) |
400,000 |
378,494 |
4.08%,
04/23/29
(a)(b) |
350,000 |
337,267 |
Citizens
Bank NA | ||
2.25%,
04/28/25
(a) |
250,000 |
239,162 |
3.75%,
02/18/26
(a) |
250,000 |
239,648 |
Citizens
Financial Group, Inc. | ||
4.30%,
12/03/25
(a) |
25,000 |
24,427 |
2.85%,
07/27/26
(a) |
100,000 |
93,200 |
Comerica
Bank | ||
4.00%,
07/27/25
|
25,000 |
24,297 |
Commonwealth
Bank of Australia | ||
5.08%,
01/10/25
|
250,000 |
250,468 |
5.32%,
03/13/26
|
250,000 |
253,549 |
Cooperatieve
Rabobank UA | ||
3.38%,
05/21/25
|
250,000 |
245,144 |
5.50%,
07/18/25
|
250,000 |
252,670 |
4.38%,
08/04/25
|
300,000 |
294,853 |
3.75%,
07/21/26
|
250,000 |
239,797 |
Credit
Suisse AG | ||
7.95%,
01/09/25
|
250,000 |
255,825 |
3.70%,
02/21/25
|
250,000 |
244,962 |
2.95%,
04/09/25
|
250,000 |
242,356 |
1.25%,
08/07/26
|
250,000 |
226,897 |
5.00%,
07/09/27
|
250,000 |
250,283 |
7.50%,
02/15/28
|
300,000 |
328,934 |
Deutsche
Bank AG | ||
4.50%,
04/01/25
|
200,000 |
196,552 |
4.10%,
01/13/26
|
100,000 |
97,520 |
1.69%,
03/19/26
|
250,000 |
232,856 |
6.12%,
07/14/26
(a)(b) |
200,000 |
202,100 |
2.13%,
11/24/26
(a)(b) |
250,000 |
234,571 |
7.15%,
07/13/27
(a)(b) |
200,000 |
207,942 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.31%,
11/16/27
(a)(b) |
250,000 |
228,741 |
2.55%,
01/07/28
(a)(b) |
200,000 |
183,954 |
6.72%,
01/18/29
(a)(b) |
250,000 |
262,055 |
6.82%,
11/20/29
(a)(b) |
200,000 |
210,622 |
4.88%,
12/01/32
(a)(b) |
200,000 |
187,082 |
Discover
Bank | ||
3.45%,
07/27/26
(a) |
250,000 |
236,890 |
Discover
Financial Services | ||
3.75%,
03/04/25
(a) |
100,000 |
97,896 |
4.50%,
01/30/26
(a) |
150,000 |
148,118 |
4.10%,
02/09/27
(a) |
225,000 |
216,044 |
Fifth
Third Bancorp | ||
2.38%,
01/28/25
(a) |
170,000 |
164,569 |
2.55%,
05/05/27
(a) |
200,000 |
184,530 |
1.71%,
11/01/27
(a)(b) |
125,000 |
112,802 |
6.36%,
10/27/28
(a)(b) |
150,000 |
155,918 |
6.34%,
07/27/29
(a)(b) |
225,000 |
234,626 |
Fifth
Third Bank NA | ||
3.95%,
07/28/25
(a) |
200,000 |
195,969 |
2.25%,
02/01/27
(a) |
150,000 |
138,723 |
First
Citizens BancShares, Inc. | ||
3.38%,
03/15/30
(a)(b) |
75,000 |
71,103 |
First
Horizon Corp. | ||
4.00%,
05/26/25
(a) |
75,000 |
72,975 |
FNB
Corp. | ||
5.15%,
08/25/25
(a) |
75,000 |
74,359 |
Goldman
Sachs Group, Inc. | ||
3.50%,
01/23/25
(a) |
375,000 |
367,967 |
3.50%,
04/01/25
(a) |
550,000 |
538,405 |
3.75%,
05/22/25
(a) |
325,000 |
318,857 |
4.25%,
10/21/25
|
300,000 |
294,637 |
0.86%,
02/12/26
(a)(b) |
100,000 |
94,862 |
3.75%,
02/25/26
(a) |
300,000 |
293,216 |
5.80%,
08/10/26
(a)(b) |
350,000 |
353,630 |
3.50%,
11/16/26
(a) |
425,000 |
409,571 |
1.09%,
12/09/26
(a)(b) |
325,000 |
299,590 |
5.95%,
01/15/27
|
100,000 |
102,947 |
3.85%,
01/26/27
(a) |
450,000 |
438,233 |
1.43%,
03/09/27
(a)(b) |
450,000 |
415,076 |
4.39%,
06/15/27
(a)(b) |
100,000 |
98,476 |
1.54%,
09/10/27
(a)(b) |
400,000 |
363,140 |
1.95%,
10/21/27
(a)(b) |
650,000 |
595,169 |
2.64%,
02/24/28
(a)(b) |
425,000 |
394,284 |
3.62%,
03/15/28
(a)(b) |
500,000 |
479,475 |
3.69%,
06/05/28
(a)(b) |
375,000 |
358,994 |
4.48%,
08/23/28
(a)(b) |
400,000 |
393,077 |
3.81%,
04/23/29
(a)(b) |
375,000 |
356,428 |
4.22%,
05/01/29
(a)(b) |
550,000 |
532,145 |
6.48%,
10/24/29
(a)(b) |
425,000 |
451,130 |
HSBC
Holdings PLC | ||
4.25%,
08/18/25
|
250,000 |
244,838 |
4.30%,
03/08/26
|
400,000 |
393,600 |
3.00%,
03/10/26
(a)(b) |
250,000 |
242,577 |
1.65%,
04/18/26
(a)(b) |
300,000 |
285,224 |
3.90%,
05/25/26
|
400,000 |
389,833 |
2.10%,
06/04/26
(a)(b) |
300,000 |
285,729 |
4.29%,
09/12/26
(a)(b) |
400,000 |
391,836 |
7.34%,
11/03/26
(a)(b) |
200,000 |
207,890 |
4.38%,
11/23/26
|
200,000 |
195,561 |
1.59%,
05/24/27
(a)(b) |
300,000 |
275,128 |
5.89%,
08/14/27
(a)(b) |
350,000 |
355,218 |
2.25%,
11/22/27
(a)(b) |
400,000 |
367,417 |
4.04%,
03/13/28
(a)(b) |
400,000 |
385,738 |
4.76%,
06/09/28
(a)(b) |
350,000 |
345,230 |
5.21%,
08/11/28
(a)(b) |
350,000 |
350,116 |
2.01%,
09/22/28
(a)(b) |
250,000 |
222,698 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
7.39%,
11/03/28
(a)(b) |
350,000 |
375,196 |
6.16%,
03/09/29
(a)(b) |
300,000 |
310,198 |
4.58%,
06/19/29
(a)(b) |
400,000 |
388,385 |
2.21%,
08/17/29
(a)(b) |
400,000 |
349,382 |
HSBC
USA, Inc. | ||
5.63%,
03/17/25
|
200,000 |
201,138 |
Huntington
Bancshares, Inc. | ||
4.00%,
05/15/25
(a) |
50,000 |
49,041 |
4.44%,
08/04/28
(a)(b) |
100,000 |
97,101 |
6.21%,
08/21/29
(a)(b) |
125,000 |
128,944 |
Huntington
National Bank | ||
4.55%,
05/17/28
(a)(b) |
250,000 |
241,797 |
ING
Groep NV | ||
3.87%,
03/28/26
(a)(b) |
350,000 |
343,170 |
3.95%,
03/29/27
|
400,000 |
387,608 |
1.73%,
04/01/27
(a)(b) |
200,000 |
185,123 |
6.08%,
09/11/27
(a)(b) |
200,000 |
204,307 |
4.02%,
03/28/28
(a)(b) |
200,000 |
194,865 |
JPMorgan
Chase & Co. | ||
3.13%,
01/23/25
(a) |
200,000 |
195,966 |
3.90%,
07/15/25
(a) |
375,000 |
369,729 |
7.75%,
07/15/25
|
50,000 |
52,149 |
2.60%,
02/24/26
(a)(b) |
250,000 |
242,294 |
2.01%,
03/13/26
(a)(b) |
350,000 |
336,347 |
3.30%,
04/01/26
(a) |
400,000 |
387,151 |
2.08%,
04/22/26
(a)(b) |
500,000 |
479,298 |
4.08%,
04/26/26
(a)(b) |
500,000 |
492,202 |
3.20%,
06/15/26
(a) |
300,000 |
289,793 |
2.95%,
10/01/26
(a) |
450,000 |
429,332 |
7.63%,
10/15/26
|
110,000 |
118,424 |
1.05%,
11/19/26
(a)(b) |
450,000 |
416,790 |
4.13%,
12/15/26
|
300,000 |
294,277 |
3.96%,
01/29/27
(a)(b) |
300,000 |
293,156 |
1.04%,
02/04/27
(a)(b) |
325,000 |
298,789 |
1.58%,
04/22/27
(a)(b) |
550,000 |
507,758 |
8.00%,
04/29/27
|
100,000 |
110,666 |
1.47%,
09/22/27
(a)(b) |
425,000 |
385,174 |
4.25%,
10/01/27
|
250,000 |
247,447 |
6.07%,
10/22/27
(a)(b) |
300,000 |
308,741 |
3.63%,
12/01/27
(a) |
100,000 |
96,002 |
3.78%,
02/01/28
(a)(b) |
425,000 |
410,688 |
2.95%,
02/24/28
(a)(b) |
250,000 |
235,346 |
4.32%,
04/26/28
(a)(b) |
475,000 |
467,515 |
3.54%,
05/01/28
(a)(b) |
400,000 |
382,250 |
2.18%,
06/01/28
(a)(b) |
250,000 |
228,587 |
4.85%,
07/25/28
(a)(b) |
550,000 |
550,257 |
3.51%,
01/23/29
(a)(b) |
250,000 |
236,847 |
4.01%,
04/23/29
(a)(b) |
300,000 |
288,914 |
2.07%,
06/01/29
(a)(b) |
300,000 |
266,150 |
4.20%,
07/23/29
(a)(b) |
400,000 |
388,760 |
5.30%,
07/24/29
(a)(b) |
375,000 |
380,868 |
6.09%,
10/23/29
(a)(b) |
350,000 |
368,298 |
4.45%,
12/05/29
(a)(b) |
450,000 |
441,367 |
JPMorgan
Chase Bank NA | ||
5.11%,
12/08/26
(a) |
250,000 |
252,408 |
KeyBank
NA | ||
4.15%,
08/08/25
|
250,000 |
242,814 |
5.85%,
11/15/27
(a) |
250,000 |
250,158 |
KeyCorp | ||
4.15%,
10/29/25
|
75,000 |
73,251 |
2.25%,
04/06/27
|
200,000 |
180,300 |
4.10%,
04/30/28
|
100,000 |
94,278 |
Lloyds
Banking Group PLC | ||
4.45%,
05/08/25
|
350,000 |
345,998 |
4.58%,
12/10/25
|
225,000 |
220,651 |
3.51%,
03/18/26
(a)(b) |
200,000 |
195,358 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.65%,
03/24/26
|
200,000 |
196,720 |
4.72%,
08/11/26
(a)(b) |
200,000 |
197,540 |
3.75%,
01/11/27
|
330,000 |
317,209 |
1.63%,
05/11/27
(a)(b) |
250,000 |
229,324 |
3.75%,
03/18/28
(a)(b) |
200,000 |
191,641 |
4.38%,
03/22/28
|
200,000 |
195,676 |
4.55%,
08/16/28
|
200,000 |
197,018 |
3.57%,
11/07/28
(a)(b) |
250,000 |
235,380 |
5.87%,
03/06/29
(a)(b) |
200,000 |
205,153 |
Manufacturers
& Traders Trust Co. | ||
2.90%,
02/06/25
(a) |
300,000 |
290,811 |
4.65%,
01/27/26
(a) |
250,000 |
244,905 |
3.40%,
08/17/27
|
75,000 |
69,789 |
4.70%,
01/27/28
(a) |
250,000 |
243,415 |
Mitsubishi
UFJ Financial Group, Inc. | ||
2.19%,
02/25/25
|
400,000 |
386,532 |
3.78%,
03/02/25
|
100,000 |
98,380 |
1.41%,
07/17/25
|
200,000 |
188,945 |
5.72%,
02/20/26
(a)(b) |
250,000 |
251,099 |
3.85%,
03/01/26
|
200,000 |
195,405 |
5.54%,
04/17/26
(a)(b) |
200,000 |
200,568 |
2.76%,
09/13/26
|
350,000 |
330,527 |
3.68%,
02/22/27
|
50,000 |
48,506 |
1.54%,
07/20/27
(a)(b) |
300,000 |
274,375 |
3.29%,
07/25/27
|
200,000 |
190,881 |
1.64%,
10/13/27
(a)(b) |
200,000 |
182,287 |
2.34%,
01/19/28
(a)(b) |
200,000 |
185,007 |
3.96%,
03/02/28
|
200,000 |
194,854 |
4.08%,
04/19/28
(a)(b) |
250,000 |
243,299 |
5.02%,
07/20/28
(a)(b) |
200,000 |
200,369 |
5.35%,
09/13/28
(a)(b) |
200,000 |
202,978 |
5.42%,
02/22/29
(a)(b) |
300,000 |
305,841 |
Mizuho
Financial Group, Inc. | ||
2.23%,
05/25/26
(a)(b) |
200,000 |
191,218 |
2.84%,
09/13/26
|
200,000 |
189,946 |
3.66%,
02/28/27
|
200,000 |
192,546 |
1.23%,
05/22/27
(a)(b) |
200,000 |
182,365 |
1.55%,
07/09/27
(a)(b) |
200,000 |
183,004 |
3.17%,
09/11/27
|
200,000 |
188,070 |
4.02%,
03/05/28
|
200,000 |
194,237 |
5.41%,
09/13/28
(a)(b) |
200,000 |
202,676 |
5.67%,
05/27/29
(a)(b) |
100,000 |
102,453 |
5.78%,
07/06/29
(a)(b) |
250,000 |
257,408 |
Morgan
Stanley | ||
4.00%,
07/23/25
|
475,000 |
468,397 |
5.00%,
11/24/25
|
300,000 |
299,868 |
3.88%,
01/27/26
|
475,000 |
465,716 |
2.63%,
02/18/26
(a)(b) |
250,000 |
242,072 |
2.19%,
04/28/26
(a)(b) |
475,000 |
456,515 |
4.68%,
07/17/26
(a)(b) |
300,000 |
297,301 |
3.13%,
07/27/26
|
350,000 |
335,314 |
6.25%,
08/09/26
|
200,000 |
206,385 |
4.35%,
09/08/26
|
350,000 |
343,949 |
6.14%,
10/16/26
(a)(b) |
200,000 |
203,825 |
0.99%,
12/10/26
(a)(b) |
475,000 |
437,269 |
3.63%,
01/20/27
|
500,000 |
485,091 |
5.05%,
01/28/27
(a)(b) |
250,000 |
250,347 |
3.95%,
04/23/27
|
325,000 |
315,651 |
1.59%,
05/04/27
(a)(b) |
550,000 |
506,869 |
1.51%,
07/20/27
(a)(b) |
475,000 |
434,177 |
2.48%,
01/21/28
(a)(b) |
300,000 |
278,681 |
4.21%,
04/20/28
(a)(b) |
400,000 |
391,087 |
3.59%,
07/22/28
(a)(b) |
475,000 |
453,791 |
6.30%,
10/18/28
(a)(b) |
350,000 |
367,108 |
3.77%,
01/24/29
(a)(b) |
550,000 |
525,084 |
5.12%,
02/01/29
(a)(b) |
400,000 |
402,090 |
5.16%,
04/20/29
(a)(b) |
375,000 |
377,197 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.45%,
07/20/29
(a)(b) |
350,000 |
356,899 |
6.41%,
11/01/29
(a)(b) |
200,000 |
212,201 |
Morgan
Stanley Bank NA | ||
4.75%,
04/21/26
(a) |
250,000 |
249,927 |
National
Australia Bank Ltd. | ||
5.20%,
05/13/25
|
250,000 |
251,387 |
2.50%,
07/12/26
|
400,000 |
379,937 |
3.91%,
06/09/27
|
250,000 |
245,180 |
4.94%,
01/12/28
|
250,000 |
252,894 |
4.90%,
06/13/28
|
100,000 |
101,105 |
National
Bank of Canada | ||
5.60%,
12/18/28
|
250,000 |
256,672 |
NatWest
Group PLC | ||
4.80%,
04/05/26
|
300,000 |
297,522 |
7.47%,
11/10/26
(a)(b) |
300,000 |
310,639 |
1.64%,
06/14/27
(a)(b) |
200,000 |
182,774 |
3.07%,
05/22/28
(a)(b) |
250,000 |
232,507 |
5.52%,
09/30/28
(a)(b) |
200,000 |
201,416 |
4.89%,
05/18/29
(a)(b) |
200,000 |
196,777 |
5.81%,
09/13/29
(a)(b) |
200,000 |
205,348 |
Northern
Trust Corp. | ||
3.95%,
10/30/25
|
100,000 |
98,445 |
4.00%,
05/10/27
(a) |
225,000 |
222,119 |
3.38%,
05/08/32
(a)(b) |
100,000 |
92,614 |
PNC
Bank NA | ||
2.95%,
02/23/25
(a) |
250,000 |
243,608 |
3.25%,
06/01/25
(a) |
250,000 |
243,651 |
3.10%,
10/25/27
(a) |
250,000 |
234,881 |
3.25%,
01/22/28
(a) |
250,000 |
235,734 |
4.05%,
07/26/28
|
250,000 |
241,381 |
PNC
Financial Services Group, Inc. | ||
5.81%,
06/12/26
(a)(b) |
100,000 |
100,818 |
2.60%,
07/23/26
(a) |
200,000 |
189,724 |
1.15%,
08/13/26
(a) |
150,000 |
136,548 |
3.15%,
05/19/27
(a) |
100,000 |
94,905 |
6.62%,
10/20/27
(a)(b) |
75,000 |
77,883 |
5.35%,
12/02/28
(a)(b) |
150,000 |
151,936 |
5.58%,
06/12/29
(a)(b) |
400,000 |
408,172 |
Regions
Financial Corp. | ||
2.25%,
05/18/25
(a) |
100,000 |
95,484 |
1.80%,
08/12/28
(a) |
85,000 |
73,034 |
Royal
Bank of Canada | ||
1.60%,
01/21/25
|
100,000 |
96,482 |
3.38%,
04/14/25
|
200,000 |
196,170 |
4.95%,
04/25/25
|
200,000 |
200,203 |
1.15%,
06/10/25
|
350,000 |
331,955 |
4.88%,
01/12/26
|
150,000 |
150,451 |
0.88%,
01/20/26
|
150,000 |
139,147 |
4.65%,
01/27/26
|
250,000 |
248,130 |
1.20%,
04/27/26
|
325,000 |
300,254 |
1.15%,
07/14/26
|
150,000 |
137,288 |
1.40%,
11/02/26
|
200,000 |
183,044 |
2.05%,
01/21/27
|
75,000 |
69,675 |
3.63%,
05/04/27
|
250,000 |
241,667 |
4.24%,
08/03/27
|
200,000 |
197,931 |
6.00%,
11/01/27
|
150,000 |
157,351 |
4.90%,
01/12/28
|
200,000 |
202,397 |
5.20%,
08/01/28
|
100,000 |
102,038 |
Santander
Holdings USA, Inc. | ||
3.45%,
06/02/25
(a) |
150,000 |
145,891 |
4.50%,
07/17/25
(a) |
150,000 |
148,436 |
5.81%,
09/09/26
(a)(b) |
100,000 |
100,345 |
3.24%,
10/05/26
(a)(c) |
150,000 |
142,417 |
4.40%,
07/13/27
(a) |
150,000 |
145,859 |
2.49%,
01/06/28
(a)(b) |
125,000 |
114,774 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.50%,
03/09/29
(a)(b) |
150,000 |
155,353 |
6.57%,
06/12/29
(a)(b) |
75,000 |
77,510 |
Santander
U.K. Group Holdings PLC | ||
1.53%,
08/21/26
(a)(b) |
200,000 |
186,784 |
1.67%,
06/14/27
(a)(b) |
200,000 |
182,122 |
2.47%,
01/11/28
(a)(b) |
200,000 |
182,417 |
3.82%,
11/03/28
(a)(b) |
200,000 |
188,066 |
6.53%,
01/10/29
(a)(b) |
200,000 |
207,309 |
State
Street Corp. | ||
3.55%,
08/18/25
|
200,000 |
196,386 |
4.86%,
01/26/26
(a)(b) |
75,000 |
74,617 |
2.90%,
03/30/26
(a)(b) |
100,000 |
97,191 |
5.10%,
05/18/26
(a)(b) |
200,000 |
200,345 |
2.65%,
05/19/26
|
150,000 |
143,381 |
5.27%,
08/03/26
(a) |
100,000 |
101,424 |
5.75%,
11/04/26
(a)(b) |
50,000 |
50,686 |
1.68%,
11/18/27
(a)(b) |
150,000 |
137,662 |
2.20%,
02/07/28
(a)(b) |
125,000 |
116,090 |
5.82%,
11/04/28
(a)(b) |
100,000 |
103,810 |
5.68%,
11/21/29
(a)(b) |
150,000 |
155,296 |
Sumitomo
Mitsui Financial Group, Inc. | ||
2.35%,
01/15/25
|
250,000 |
242,703 |
1.47%,
07/08/25
|
400,000 |
378,693 |
0.95%,
01/12/26
|
100,000 |
92,199 |
5.46%,
01/13/26
|
250,000 |
252,172 |
3.78%,
03/09/26
|
300,000 |
292,657 |
2.63%,
07/14/26
|
350,000 |
331,883 |
1.40%,
09/17/26
|
350,000 |
318,784 |
3.01%,
10/19/26
|
250,000 |
238,172 |
3.45%,
01/11/27
|
250,000 |
240,388 |
3.36%,
07/12/27
|
300,000 |
285,585 |
3.35%,
10/18/27
|
100,000 |
94,804 |
5.52%,
01/13/28
|
300,000 |
307,194 |
3.54%,
01/17/28
|
200,000 |
190,474 |
5.80%,
07/13/28
|
325,000 |
336,739 |
1.90%,
09/17/28
|
350,000 |
306,609 |
Synchrony
Financial | ||
4.88%,
06/13/25
(a) |
100,000 |
98,322 |
4.50%,
07/23/25
(a) |
200,000 |
195,642 |
3.70%,
08/04/26
(a) |
150,000 |
141,314 |
3.95%,
12/01/27
(a) |
250,000 |
234,706 |
Synovus
Financial Corp. | ||
5.20%,
08/11/25
(a) |
125,000 |
122,939 |
Toronto-Dominion
Bank | ||
1.45%,
01/10/25
|
150,000 |
144,631 |
3.77%,
06/06/25
|
225,000 |
221,409 |
1.15%,
06/12/25
|
150,000 |
142,083 |
0.75%,
09/11/25
|
175,000 |
163,373 |
0.75%,
01/06/26
|
200,000 |
184,776 |
1.20%,
06/03/26
|
225,000 |
206,694 |
5.53%,
07/17/26
|
250,000 |
254,894 |
1.25%,
09/10/26
|
250,000 |
228,488 |
1.95%,
01/12/27
|
150,000 |
138,855 |
2.80%,
03/10/27
|
100,000 |
94,511 |
4.11%,
06/08/27
|
250,000 |
245,691 |
4.69%,
09/15/27
|
225,000 |
225,109 |
5.16%,
01/10/28
|
150,000 |
152,745 |
5.52%,
07/17/28
|
200,000 |
206,094 |
3.63%,
09/15/31
(a)(b) |
250,000 |
240,344 |
Truist
Bank | ||
1.50%,
03/10/25
(a) |
250,000 |
238,893 |
4.05%,
11/03/25
(a) |
100,000 |
98,512 |
3.30%,
05/15/26
(a) |
200,000 |
190,903 |
3.80%,
10/30/26
(a) |
250,000 |
239,545 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Truist
Financial Corp. | ||
4.00%,
05/01/25
(a) |
150,000 |
147,507 |
3.70%,
06/05/25
(a) |
150,000 |
146,779 |
1.20%,
08/05/25
(a) |
200,000 |
188,060 |
4.26%,
07/28/26
(a)(b) |
225,000 |
220,666 |
1.27%,
03/02/27
(a)(b) |
200,000 |
183,431 |
6.05%,
06/08/27
(a)(b) |
200,000 |
203,697 |
1.13%,
08/03/27
(a) |
100,000 |
87,817 |
4.12%,
06/06/28
(a)(b) |
175,000 |
168,851 |
4.87%,
01/26/29
(a)(b) |
250,000 |
247,231 |
1.89%,
06/07/29
(a)(b) |
175,000 |
151,435 |
7.16%,
10/30/29
(a)(b) |
150,000 |
161,954 |
U.S.
Bancorp | ||
1.45%,
05/12/25
(a) |
250,000 |
238,329 |
3.95%,
11/17/25
(a) |
200,000 |
197,044 |
3.10%,
04/27/26
(a) |
175,000 |
167,902 |
2.38%,
07/22/26
(a) |
250,000 |
234,854 |
5.73%,
10/21/26
(a)(b) |
225,000 |
226,564 |
3.15%,
04/27/27
(a) |
200,000 |
190,466 |
2.22%,
01/27/28
(a)(b) |
200,000 |
183,952 |
3.90%,
04/26/28
(a) |
100,000 |
96,783 |
4.55%,
07/22/28
(a)(b) |
300,000 |
295,794 |
4.65%,
02/01/29
(a)(b) |
250,000 |
246,197 |
5.78%,
06/12/29
(a)(b) |
300,000 |
308,322 |
U.S.
Bank NA | ||
2.05%,
01/21/25
(a) |
100,000 |
96,862 |
2.80%,
01/27/25
(a) |
200,000 |
194,812 |
UBS
AG | ||
5.80%,
09/11/25
|
200,000 |
202,398 |
5.65%,
09/11/28
|
300,000 |
311,404 |
UBS
Group AG | ||
3.75%,
03/26/25
|
350,000 |
343,007 |
4.55%,
04/17/26
|
300,000 |
296,211 |
Wachovia
Corp. | ||
7.57%,
08/01/26
(d) |
50,000 |
52,957 |
Wells
Fargo & Co. | ||
3.00%,
02/19/25
|
400,000 |
391,230 |
3.55%,
09/29/25
|
350,000 |
342,330 |
2.16%,
02/11/26
(a)(b) |
450,000 |
433,483 |
3.00%,
04/22/26
|
550,000 |
527,142 |
3.91%,
04/25/26
(a)(b) |
400,000 |
392,365 |
2.19%,
04/30/26
(a)(b) |
500,000 |
479,427 |
4.10%,
06/03/26
|
375,000 |
366,838 |
4.54%,
08/15/26
(a)(b) |
275,000 |
272,335 |
3.00%,
10/23/26
|
525,000 |
498,851 |
3.20%,
06/17/27
(a)(b) |
350,000 |
334,948 |
4.30%,
07/22/27
|
375,000 |
367,430 |
3.53%,
03/24/28
(a)(b) |
625,000 |
596,626 |
3.58%,
05/22/28
(a)(b) |
450,000 |
429,070 |
2.39%,
06/02/28
(a)(b) |
500,000 |
458,282 |
4.81%,
07/25/28
(a)(b) |
450,000 |
447,094 |
5.57%,
07/25/29
(a)(b) |
650,000 |
664,268 |
6.30%,
10/23/29
(a)(b) |
425,000 |
448,611 |
Wells
Fargo Bank NA | ||
5.55%,
08/01/25
(a) |
300,000 |
303,183 |
5.45%,
08/07/26
(a) |
350,000 |
355,914 |
5.25%,
12/11/26
(a) |
250,000 |
253,226 |
Westpac
Banking Corp. | ||
2.35%,
02/19/25
|
175,000 |
170,273 |
3.74%,
08/26/25
|
100,000 |
98,426 |
2.85%,
05/13/26
|
250,000 |
240,308 |
1.15%,
06/03/26
|
250,000 |
230,406 |
2.70%,
08/19/26
|
100,000 |
95,546 |
3.35%,
03/08/27
|
150,000 |
144,685 |
4.04%,
08/26/27
|
150,000 |
148,392 |
5.46%,
11/18/27
|
200,000 |
206,604 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.40%,
01/25/28
|
175,000 |
167,546 |
5.54%,
11/17/28
|
225,000 |
233,846 |
1.95%,
11/20/28
|
200,000 |
177,174 |
2.89%,
02/04/30
(a)(b) |
200,000 |
192,785 |
4.32%,
11/23/31
(a)(b) |
275,000 |
264,670 |
|
|
136,519,543 |
Brokerage/Asset
Managers/Exchanges 1.6%
| ||
Affiliated
Managers Group, Inc. | ||
3.50%,
08/01/25
|
75,000 |
72,810 |
Ameriprise
Financial, Inc. | ||
3.00%,
04/02/25
(a) |
75,000 |
73,181 |
2.88%,
09/15/26
(a) |
100,000 |
95,781 |
Ares
Management Corp. | ||
6.38%,
11/10/28
(a) |
75,000 |
78,760 |
BGC
Group, Inc. | ||
8.00%,
05/25/28
(a) |
75,000 |
78,894 |
BlackRock,
Inc. | ||
3.20%,
03/15/27
|
125,000 |
121,163 |
Brookfield
Corp. | ||
4.00%,
01/15/25
(a) |
75,000 |
73,882 |
Brookfield
Finance, Inc. | ||
4.25%,
06/02/26
(a) |
100,000 |
97,833 |
3.90%,
01/25/28
(a) |
150,000 |
144,489 |
Cboe
Global Markets, Inc. | ||
3.65%,
01/12/27
(a) |
110,000 |
106,872 |
Charles
Schwab Corp. | ||
3.00%,
03/10/25
(a)(e) |
40,000 |
38,980 |
4.20%,
03/24/25
(a)(e) |
85,000 |
84,068 |
3.63%,
04/01/25
(a)(e) |
55,000 |
54,041 |
3.85%,
05/21/25
(a)(e) |
95,000 |
93,319 |
3.45%,
02/13/26
(a)(e) |
30,000 |
29,098 |
0.90%,
03/11/26
(a)(e) |
175,000 |
160,522 |
1.15%,
05/13/26
(a)(e) |
135,000 |
123,839 |
5.88%,
08/24/26
(a)(e) |
100,000 |
102,617 |
3.20%,
03/02/27
(a)(e) |
75,000 |
71,612 |
2.45%,
03/03/27
(a)(e) |
210,000 |
195,659 |
3.30%,
04/01/27
(a)(e) |
50,000 |
47,741 |
3.20%,
01/25/28
(a)(e) |
90,000 |
85,025 |
2.00%,
03/20/28
(a)(e) |
160,000 |
142,633 |
5.64%,
05/19/29
(a)(b)(e) |
175,000 |
179,897 |
6.20%,
11/17/29
(a)(b)(e) |
175,000 |
183,989 |
CME
Group, Inc. | ||
3.00%,
03/15/25
(a) |
125,000 |
122,403 |
3.75%,
06/15/28
(a) |
75,000 |
73,430 |
Eaton
Vance Corp. | ||
3.50%,
04/06/27
(a) |
50,000 |
48,041 |
Franklin
Resources, Inc. | ||
2.85%,
03/30/25
|
100,000 |
97,365 |
Intercontinental
Exchange, Inc. | ||
3.65%,
05/23/25
|
150,000 |
147,217 |
3.75%,
12/01/25
(a) |
250,000 |
245,764 |
3.10%,
09/15/27
(a) |
75,000 |
71,540 |
4.00%,
09/15/27
(a) |
250,000 |
245,661 |
3.75%,
09/21/28
(a) |
75,000 |
73,001 |
Invesco
Finance PLC | ||
3.75%,
01/15/26
|
100,000 |
97,465 |
Janus
Henderson U.S. Holdings, Inc. | ||
4.88%,
08/01/25
(a) |
75,000 |
74,262 |
Jefferies
Financial Group, Inc. | ||
4.85%,
01/15/27
|
200,000 |
199,388 |
5.88%,
07/21/28
(a) |
175,000 |
179,678 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Lazard
Group LLC | ||
3.75%,
02/13/25
|
110,000 |
107,772 |
3.63%,
03/01/27
(a) |
50,000 |
47,250 |
4.50%,
09/19/28
(a) |
50,000 |
48,746 |
Legg
Mason, Inc. | ||
4.75%,
03/15/26
|
100,000 |
99,728 |
LPL
Holdings, Inc. | ||
6.75%,
11/17/28
(a) |
125,000 |
133,207 |
Nasdaq,
Inc. | ||
3.85%,
06/30/26
(a) |
100,000 |
97,575 |
5.35%,
06/28/28
(a) |
150,000 |
154,537 |
Nomura
Holdings, Inc. | ||
2.65%,
01/16/25
|
200,000 |
194,040 |
1.85%,
07/16/25
|
200,000 |
189,309 |
1.65%,
07/14/26
|
200,000 |
182,979 |
2.33%,
01/22/27
|
200,000 |
183,563 |
5.39%,
07/06/27
|
200,000 |
200,889 |
6.07%,
07/12/28
|
200,000 |
206,868 |
2.17%,
07/14/28
|
200,000 |
175,746 |
|
|
6,234,129 |
Finance
Companies 2.3%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.50%,
01/15/25
(a) |
150,000 |
146,839 |
6.50%,
07/15/25
(a) |
250,000 |
253,865 |
4.45%,
10/01/25
(a) |
150,000 |
147,292 |
1.75%,
01/30/26
(a) |
150,000 |
139,487 |
4.45%,
04/03/26
(a) |
150,000 |
147,436 |
2.45%,
10/29/26
(a) |
500,000 |
463,285 |
6.10%,
01/15/27
(a) |
250,000 |
255,465 |
6.45%,
04/15/27
(a)(c) |
150,000 |
155,382 |
3.65%,
07/21/27
(a) |
200,000 |
190,267 |
3.88%,
01/23/28
(a) |
100,000 |
95,395 |
5.75%,
06/06/28
(a) |
150,000 |
153,707 |
3.00%,
10/29/28
(a) |
450,000 |
410,909 |
Air
Lease Corp. | ||
2.30%,
02/01/25
(a) |
100,000 |
96,515 |
3.25%,
03/01/25
(a) |
125,000 |
121,758 |
3.38%,
07/01/25
(a) |
125,000 |
121,111 |
2.88%,
01/15/26
(a) |
325,000 |
309,952 |
3.75%,
06/01/26
(a) |
125,000 |
120,848 |
1.88%,
08/15/26
(a) |
200,000 |
184,337 |
2.20%,
01/15/27
(a) |
100,000 |
91,689 |
3.63%,
04/01/27
(a) |
100,000 |
95,634 |
3.63%,
12/01/27
(a) |
120,000 |
113,719 |
5.30%,
02/01/28
(a) |
100,000 |
101,225 |
2.10%,
09/01/28
(a) |
50,000 |
43,896 |
4.63%,
10/01/28
(a) |
100,000 |
97,862 |
Aircastle
Ltd. | ||
4.25%,
06/15/26
(a) |
150,000 |
145,186 |
ARES
Capital Corp. | ||
4.25%,
03/01/25
(a) |
95,000 |
92,826 |
3.25%,
07/15/25
(a) |
175,000 |
167,719 |
3.88%,
01/15/26
(a) |
200,000 |
192,300 |
2.15%,
07/15/26
(a) |
175,000 |
159,648 |
7.00%,
01/15/27
|
125,000 |
128,825 |
2.88%,
06/15/28
(a) |
225,000 |
199,572 |
Bain
Capital Specialty Finance, Inc. | ||
2.95%,
03/10/26
(a) |
100,000 |
93,158 |
Barings
BDC, Inc. | ||
3.30%,
11/23/26
(a) |
50,000 |
45,706 |
BlackRock
TCP Capital Corp. | ||
2.85%,
02/09/26
(a) |
50,000 |
46,959 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Blackstone
Private Credit Fund | ||
2.70%,
01/15/25
(a) |
75,000 |
72,488 |
4.70%,
03/24/25
|
150,000 |
147,558 |
2.63%,
12/15/26
(a) |
250,000 |
226,596 |
3.25%,
03/15/27
(a) |
175,000 |
160,686 |
7.30%,
11/27/28
(a)(c) |
75,000 |
77,854 |
Blackstone
Secured Lending Fund | ||
3.63%,
01/15/26
(a) |
125,000 |
119,475 |
2.75%,
09/16/26
(a) |
100,000 |
91,799 |
2.13%,
02/15/27
(a) |
100,000 |
88,868 |
2.85%,
09/30/28
(a) |
75,000 |
65,099 |
Blue
Owl Capital Corp. | ||
4.00%,
03/30/25
(a) |
80,000 |
77,829 |
3.75%,
07/22/25
(a) |
100,000 |
96,011 |
4.25%,
01/15/26
(a) |
75,000 |
72,594 |
3.40%,
07/15/26
(a) |
150,000 |
139,670 |
2.88%,
06/11/28
(a) |
150,000 |
131,992 |
Blue
Owl Capital Corp. III | ||
3.13%,
04/13/27
(a) |
50,000 |
44,436 |
Blue
Owl Credit Income Corp. | ||
3.13%,
09/23/26
(a) |
75,000 |
68,580 |
4.70%,
02/08/27
(a) |
100,000 |
94,774 |
7.75%,
09/16/27
(a) |
125,000 |
129,637 |
7.95%,
06/13/28
(a)(c) |
100,000 |
103,720 |
Blue
Owl Technology Finance Corp. | ||
2.50%,
01/15/27
(a) |
50,000 |
43,707 |
FS
KKR Capital Corp. | ||
4.13%,
02/01/25
(a) |
60,000 |
58,509 |
3.40%,
01/15/26
(a) |
175,000 |
165,857 |
2.63%,
01/15/27
(a) |
50,000 |
44,907 |
3.25%,
07/15/27
(a) |
100,000 |
91,236 |
3.13%,
10/12/28
(a) |
125,000 |
109,257 |
GATX
Corp. | ||
3.25%,
03/30/25
(a) |
50,000 |
48,689 |
3.25%,
09/15/26
(a) |
75,000 |
71,613 |
3.50%,
03/15/28
(a) |
75,000 |
70,616 |
Goldman
Sachs BDC, Inc. | ||
3.75%,
02/10/25
(a) |
60,000 |
58,823 |
2.88%,
01/15/26
(a) |
75,000 |
71,315 |
Golub
Capital BDC, Inc. | ||
2.50%,
08/24/26
(a) |
100,000 |
90,907 |
2.05%,
02/15/27
(a) |
50,000 |
44,127 |
7.05%,
12/05/28
(a) |
50,000 |
52,697 |
Hercules
Capital, Inc. | ||
2.63%,
09/16/26
(a) |
75,000 |
67,699 |
3.38%,
01/20/27
(a) |
25,000 |
22,766 |
Main
Street Capital Corp. | ||
3.00%,
07/14/26
(a) |
75,000 |
68,613 |
Morgan
Stanley Direct Lending Fund | ||
4.50%,
02/11/27
(a) |
75,000 |
72,386 |
Oaktree
Specialty Lending Corp. | ||
3.50%,
02/25/25
(a) |
60,000 |
58,087 |
2.70%,
01/15/27
(a) |
50,000 |
44,826 |
Oaktree
Strategic Credit Fund | ||
8.40%,
11/14/28
(a)(c) |
75,000 |
79,313 |
Prospect
Capital Corp. | ||
3.71%,
01/22/26
(a) |
75,000 |
70,596 |
3.36%,
11/15/26
(a) |
50,000 |
45,044 |
3.44%,
10/15/28
(a) |
50,000 |
42,157 |
Sixth
Street Specialty Lending, Inc. | ||
2.50%,
08/01/26
(a) |
50,000 |
45,728 |
6.95%,
08/14/28
(a) |
50,000 |
51,655 |
|
|
9,030,570 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Financial
Other 0.1%
| ||
Andrew
W Mellon Foundation | ||
0.95%,
08/01/27
(a) |
50,000 |
44,270 |
ORIX
Corp. | ||
3.70%,
07/18/27
|
50,000 |
48,197 |
5.00%,
09/13/27
|
100,000 |
100,967 |
|
|
193,434 |
Insurance
2.7%
| ||
Aegon
Ltd. | ||
5.50%,
04/11/48
(a)(b) |
200,000 |
190,650 |
Aflac,
Inc. | ||
1.13%,
03/15/26
(a) |
75,000 |
69,258 |
2.88%,
10/15/26
(a) |
50,000 |
47,589 |
Allied
World Assurance Co. Holdings Ltd. | ||
4.35%,
10/29/25
(a) |
100,000 |
97,532 |
Allstate
Corp. | ||
0.75%,
12/15/25
(a) |
100,000 |
92,343 |
3.28%,
12/15/26
(a) |
100,000 |
96,656 |
American
Equity Investment Life Holding Co. | ||
5.00%,
06/15/27
(a) |
100,000 |
96,112 |
American
International Group, Inc. | ||
4.20%,
04/01/28
(a) |
50,000 |
48,942 |
5.75%,
04/01/48
(a)(b) |
110,000 |
108,828 |
Aon
Corp. | ||
8.21%,
01/01/27
|
100,000 |
106,825 |
Aon
Corp./Aon Global Holdings PLC | ||
2.85%,
05/28/27
(a) |
75,000 |
70,931 |
Aon
Global Ltd. | ||
3.88%,
12/15/25
(a) |
100,000 |
97,994 |
Arch
Capital Finance LLC | ||
4.01%,
12/15/26
(a) |
100,000 |
97,175 |
Assured
Guaranty U.S. Holdings, Inc. | ||
6.13%,
09/15/28
(a) |
50,000 |
52,502 |
Athene
Holding Ltd. | ||
4.13%,
01/12/28
(a) |
200,000 |
191,551 |
Berkshire
Hathaway Finance Corp. | ||
2.30%,
03/15/27
(a) |
100,000 |
94,672 |
Berkshire
Hathaway, Inc. | ||
3.13%,
03/15/26
(a) |
375,000 |
364,764 |
Brighthouse
Financial, Inc. | ||
3.70%,
06/22/27
(a) |
100,000 |
94,693 |
Centene
Corp. | ||
4.25%,
12/15/27
(a) |
350,000 |
338,275 |
2.45%,
07/15/28
(a) |
350,000 |
312,680 |
Chubb
INA Holdings, Inc. | ||
3.15%,
03/15/25
|
125,000 |
122,335 |
3.35%,
05/03/26
(a) |
225,000 |
219,007 |
Cincinnati
Financial Corp. | ||
6.92%,
05/15/28
|
50,000 |
53,712 |
CNA
Financial Corp. | ||
4.50%,
03/01/26
(a) |
75,000 |
74,264 |
3.45%,
08/15/27
(a) |
100,000 |
95,792 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/25
(a) |
75,000 |
74,640 |
Corebridge
Financial, Inc. | ||
3.50%,
04/04/25
(a) |
150,000 |
146,398 |
3.65%,
04/05/27
(a) |
200,000 |
192,725 |
6.88%,
12/15/52
(a)(b) |
150,000 |
149,789 |
Elevance
Health, Inc. | ||
2.38%,
01/15/25
(a) |
250,000 |
242,978 |
1.50%,
03/15/26
(a) |
125,000 |
116,630 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.65%,
12/01/27
(a) |
275,000 |
266,983 |
4.10%,
03/01/28
(a) |
200,000 |
197,170 |
Enstar
Finance LLC | ||
5.75%,
09/01/40
(a)(b) |
75,000 |
70,970 |
5.50%,
01/15/42
(a)(b) |
75,000 |
63,907 |
Equitable
Holdings, Inc. | ||
4.35%,
04/20/28
(a) |
280,000 |
271,021 |
F&G
Annuities & Life, Inc. | ||
7.40%,
01/13/28
(a) |
75,000 |
77,397 |
Fairfax
Financial Holdings Ltd. | ||
4.85%,
04/17/28
(a) |
100,000 |
98,717 |
Fidelity
National Financial, Inc. | ||
4.50%,
08/15/28
(a) |
50,000 |
48,777 |
Globe
Life, Inc. | ||
4.55%,
09/15/28
(a) |
100,000 |
99,409 |
Hanover
Insurance Group, Inc. | ||
4.50%,
04/15/26
(a) |
75,000 |
73,786 |
Horace
Mann Educators Corp. | ||
7.25%,
09/15/28
(a) |
50,000 |
53,230 |
Humana,
Inc. | ||
4.50%,
04/01/25
(a) |
100,000 |
99,279 |
5.70%,
03/13/26
(a) |
50,000 |
50,046 |
1.35%,
02/03/27
(a) |
125,000 |
112,868 |
3.95%,
03/15/27
(a) |
100,000 |
97,886 |
5.75%,
03/01/28
(a) |
75,000 |
78,044 |
5.75%,
12/01/28
(a) |
75,000 |
78,436 |
Jackson
Financial, Inc. | ||
5.17%,
06/08/27
(a) |
75,000 |
75,015 |
Kemper
Corp. | ||
4.35%,
02/15/25
(a) |
70,000 |
68,632 |
Lincoln
National Corp. | ||
3.63%,
12/12/26
(a) |
50,000 |
48,620 |
3.80%,
03/01/28
(a) |
100,000 |
96,117 |
Loews
Corp. | ||
3.75%,
04/01/26
(a) |
150,000 |
146,400 |
Manulife
Financial Corp. | ||
4.15%,
03/04/26
|
175,000 |
172,957 |
4.06%,
02/24/32
(a)(b) |
125,000 |
118,350 |
Markel
Group, Inc. | ||
3.50%,
11/01/27
(a) |
50,000 |
47,650 |
Marsh
& McLennan Cos., Inc. | ||
3.50%,
03/10/25
(a) |
75,000 |
73,719 |
3.75%,
03/14/26
(a) |
100,000 |
98,175 |
Mercury
General Corp. | ||
4.40%,
03/15/27
(a) |
75,000 |
71,888 |
MetLife,
Inc. | ||
3.00%,
03/01/25
|
100,000 |
97,850 |
3.60%,
11/13/25
(a) |
75,000 |
73,817 |
Old
Republic International Corp. | ||
3.88%,
08/26/26
(a) |
75,000 |
72,336 |
Principal
Financial Group, Inc. | ||
3.40%,
05/15/25
(a) |
100,000 |
97,771 |
Progressive
Corp. | ||
2.45%,
01/15/27
|
100,000 |
93,996 |
2.50%,
03/15/27
(a) |
75,000 |
70,499 |
Prudential
Financial, Inc. | ||
1.50%,
03/10/26
(a) |
100,000 |
93,335 |
5.38%,
05/15/45
(a)(b) |
250,000 |
247,395 |
4.50%,
09/15/47
(a)(b) |
125,000 |
116,889 |
5.70%,
09/15/48
(a)(b) |
100,000 |
97,435 |
Radian
Group, Inc. | ||
6.63%,
03/15/25
(a) |
75,000 |
75,128 |
4.88%,
03/15/27
(a) |
75,000 |
73,102 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Reinsurance
Group of America, Inc. | ||
3.95%,
09/15/26
(a) |
125,000 |
121,317 |
RenaissanceRe
Finance, Inc. | ||
3.70%,
04/01/25
(a) |
45,000 |
44,015 |
3.45%,
07/01/27
(a) |
100,000 |
94,685 |
Trinity
Acquisition PLC | ||
4.40%,
03/15/26
(a) |
100,000 |
98,933 |
UnitedHealth
Group, Inc. | ||
3.75%,
07/15/25
|
100,000 |
98,619 |
5.15%,
10/15/25
|
125,000 |
126,531 |
3.70%,
12/15/25
|
100,000 |
98,434 |
1.25%,
01/15/26
|
100,000 |
93,727 |
3.10%,
03/15/26
|
200,000 |
194,451 |
1.15%,
05/15/26
(a) |
200,000 |
185,407 |
3.45%,
01/15/27
|
125,000 |
122,271 |
3.70%,
05/15/27
(a) |
150,000 |
147,035 |
2.95%,
10/15/27
|
200,000 |
190,213 |
5.25%,
02/15/28
(a) |
100,000 |
103,489 |
3.85%,
06/15/28
|
175,000 |
171,519 |
3.88%,
12/15/28
|
100,000 |
98,000 |
Voya
Financial, Inc. | ||
3.65%,
06/15/26
|
75,000 |
72,572 |
4.70%,
01/23/48
(a)(b) |
55,000 |
45,499 |
Willis
North America, Inc. | ||
4.65%,
06/15/27
(a) |
100,000 |
99,188 |
4.50%,
09/15/28
(a) |
100,000 |
97,534 |
|
|
10,526,683 |
REITs
2.8%
| ||
Agree
LP | ||
2.00%,
06/15/28
(a) |
50,000 |
43,488 |
Alexandria
Real Estate Equities, Inc. | ||
3.45%,
04/30/25
(a) |
100,000 |
97,767 |
4.30%,
01/15/26
(a) |
50,000 |
49,236 |
3.95%,
01/15/27
(a) |
100,000 |
96,808 |
3.95%,
01/15/28
(a) |
75,000 |
71,962 |
American
Homes 4 Rent LP | ||
4.25%,
02/15/28
(a) |
100,000 |
97,162 |
AvalonBay
Communities, Inc. | ||
3.45%,
06/01/25
(a) |
75,000 |
73,488 |
3.50%,
11/15/25
(a) |
100,000 |
97,284 |
2.95%,
05/11/26
(a) |
125,000 |
120,018 |
3.35%,
05/15/27
(a) |
75,000 |
71,850 |
1.90%,
12/01/28
(a) |
50,000 |
44,185 |
Boston
Properties LP | ||
3.20%,
01/15/25
(a) |
170,000 |
165,338 |
3.65%,
02/01/26
(a) |
200,000 |
192,722 |
6.75%,
12/01/27
(a) |
125,000 |
131,164 |
4.50%,
12/01/28
(a) |
175,000 |
166,791 |
Brixmor
Operating Partnership LP | ||
3.85%,
02/01/25
(a) |
20,000 |
19,593 |
4.13%,
06/15/26
(a) |
150,000 |
145,501 |
3.90%,
03/15/27
(a) |
50,000 |
47,715 |
2.25%,
04/01/28
(a) |
50,000 |
44,455 |
Camden
Property Trust | ||
4.10%,
10/15/28
(a) |
75,000 |
73,049 |
Corporate
Office Properties LP | ||
2.25%,
03/15/26
(a) |
75,000 |
70,147 |
CubeSmart
LP | ||
4.00%,
11/15/25
(a) |
50,000 |
48,831 |
3.13%,
09/01/26
(a) |
50,000 |
47,524 |
2.25%,
12/15/28
(a) |
50,000 |
44,181 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Digital
Realty Trust LP | ||
3.70%,
08/15/27
(a) |
150,000 |
144,802 |
5.55%,
01/15/28
(a) |
150,000 |
153,074 |
4.45%,
07/15/28
(a) |
125,000 |
122,536 |
EPR
Properties | ||
4.75%,
12/15/26
(a) |
25,000 |
24,010 |
4.50%,
06/01/27
(a) |
100,000 |
94,161 |
4.95%,
04/15/28
(a) |
125,000 |
119,203 |
ERP
Operating LP | ||
3.25%,
08/01/27
(a) |
150,000 |
142,856 |
3.50%,
03/01/28
(a) |
100,000 |
95,759 |
4.15%,
12/01/28
(a) |
50,000 |
49,135 |
Essex
Portfolio LP | ||
3.50%,
04/01/25
(a) |
15,000 |
14,695 |
3.63%,
05/01/27
(a) |
75,000 |
71,649 |
1.70%,
03/01/28
(a) |
100,000 |
87,799 |
Extra
Space Storage LP | ||
3.50%,
07/01/26
(a) |
100,000 |
96,329 |
3.88%,
12/15/27
(a) |
75,000 |
71,982 |
5.70%,
04/01/28
(a) |
100,000 |
102,620 |
Federal
Realty OP LP | ||
1.25%,
02/15/26
(a) |
100,000 |
92,325 |
5.38%,
05/01/28
(a) |
100,000 |
101,079 |
Healthcare
Realty Holdings LP | ||
3.50%,
08/01/26
(a) |
100,000 |
95,563 |
3.75%,
07/01/27
(a) |
75,000 |
71,096 |
Healthpeak
OP LLC | ||
3.40%,
02/01/25
(a) |
25,000 |
24,430 |
4.00%,
06/01/25
(a) |
100,000 |
98,149 |
1.35%,
02/01/27
(a) |
125,000 |
112,337 |
2.13%,
12/01/28
(a) |
75,000 |
66,036 |
Highwoods
Realty LP | ||
3.88%,
03/01/27
(a) |
75,000 |
69,716 |
4.13%,
03/15/28
(a) |
50,000 |
46,189 |
Host
Hotels & Resorts LP | ||
4.50%,
02/01/26
(a) |
100,000 |
98,269 |
Hudson
Pacific Properties LP | ||
3.95%,
11/01/27
(a) |
75,000 |
63,264 |
5.95%,
02/15/28
(a) |
50,000 |
44,840 |
Invitation
Homes Operating Partnership LP | ||
2.30%,
11/15/28
(a) |
75,000 |
66,899 |
Kilroy
Realty LP | ||
4.38%,
10/01/25
(a) |
50,000 |
48,730 |
4.75%,
12/15/28
(a) |
50,000 |
47,668 |
Kimco
Realty OP LLC | ||
3.30%,
02/01/25
(a) |
125,000 |
122,227 |
2.80%,
10/01/26
(a) |
100,000 |
94,347 |
1.90%,
03/01/28
(a) |
75,000 |
66,205 |
Kite
Realty Group LP | ||
4.00%,
10/01/26
(a) |
100,000 |
94,752 |
LXP
Industrial Trust | ||
6.75%,
11/15/28
(a) |
50,000 |
52,630 |
Mid-America
Apartments LP | ||
4.00%,
11/15/25
(a) |
100,000 |
98,269 |
1.10%,
09/15/26
(a) |
125,000 |
113,599 |
3.60%,
06/01/27
(a) |
50,000 |
48,329 |
NNN
REIT, Inc. | ||
4.00%,
11/15/25
(a) |
75,000 |
73,578 |
3.50%,
10/15/27
(a) |
100,000 |
94,529 |
4.30%,
10/15/28
(a) |
50,000 |
48,507 |
Omega
Healthcare Investors, Inc. | ||
4.50%,
01/15/25
(a) |
75,000 |
73,890 |
5.25%,
01/15/26
(a) |
75,000 |
74,657 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.50%,
04/01/27
(a) |
125,000 |
120,197 |
4.75%,
01/15/28
(a) |
75,000 |
72,517 |
Physicians
Realty LP | ||
4.30%,
03/15/27
(a) |
75,000 |
73,109 |
3.95%,
01/15/28
(a) |
50,000 |
47,634 |
Piedmont
Operating Partnership LP | ||
9.25%,
07/20/28
(a) |
75,000 |
79,346 |
Prologis
LP | ||
3.25%,
06/30/26
(a) |
75,000 |
72,579 |
3.25%,
10/01/26
(a) |
75,000 |
72,445 |
3.38%,
12/15/27
(a) |
100,000 |
95,446 |
3.88%,
09/15/28
(a) |
200,000 |
193,531 |
Public
Storage Operating Co. | ||
0.88%,
02/15/26
(a) |
100,000 |
92,589 |
1.50%,
11/09/26
(a) |
200,000 |
183,947 |
3.09%,
09/15/27
(a) |
100,000 |
95,345 |
1.85%,
05/01/28
(a) |
50,000 |
45,045 |
1.95%,
11/09/28
(a) |
50,000 |
44,671 |
Realty
Income Corp. | ||
3.88%,
04/15/25
(a) |
75,000 |
73,761 |
4.63%,
11/01/25
(a) |
150,000 |
149,171 |
0.75%,
03/15/26
(a) |
175,000 |
159,622 |
4.88%,
06/01/26
(a) |
75,000 |
75,100 |
4.13%,
10/15/26
(a) |
100,000 |
98,285 |
3.00%,
01/15/27
(a) |
150,000 |
142,506 |
3.95%,
08/15/27
(a) |
100,000 |
97,367 |
3.40%,
01/15/28
(a) |
100,000 |
95,210 |
2.20%,
06/15/28
(a) |
25,000 |
22,444 |
4.70%,
12/15/28
(a) |
50,000 |
50,406 |
Regency
Centers LP | ||
3.60%,
02/01/27
(a) |
125,000 |
120,346 |
Retail
Opportunity Investments Partnership LP | ||
6.75%,
10/15/28
(a) |
50,000 |
52,599 |
Rexford
Industrial Realty LP | ||
5.00%,
06/15/28
(a) |
75,000 |
75,669 |
Sabra
Health Care LP | ||
5.13%,
08/15/26
(a) |
75,000 |
73,874 |
Simon
Property Group LP | ||
3.50%,
09/01/25
(a) |
175,000 |
171,165 |
3.30%,
01/15/26
(a) |
125,000 |
121,328 |
3.25%,
11/30/26
(a) |
135,000 |
129,869 |
1.38%,
01/15/27
(a) |
75,000 |
68,548 |
3.38%,
06/15/27
(a) |
150,000 |
143,969 |
3.38%,
12/01/27
(a) |
185,000 |
176,823 |
SITE
Centers Corp. | ||
3.63%,
02/01/25
(a) |
100,000 |
97,389 |
4.25%,
02/01/26
(a) |
100,000 |
97,585 |
4.70%,
06/01/27
(a) |
50,000 |
49,294 |
Spirit
Realty LP | ||
3.20%,
01/15/27
(a) |
75,000 |
70,940 |
2.10%,
03/15/28
(a) |
100,000 |
88,906 |
STORE
Capital Corp. | ||
4.50%,
03/15/28
(a) |
50,000 |
46,468 |
Sun
Communities Operating LP | ||
2.30%,
11/01/28
(a) |
50,000 |
43,969 |
Tanger
Properties LP | ||
3.13%,
09/01/26
(a) |
50,000 |
46,932 |
3.88%,
07/15/27
(a) |
50,000 |
45,914 |
UDR,
Inc. | ||
2.95%,
09/01/26
(a) |
75,000 |
71,237 |
3.50%,
07/01/27
(a) |
110,000 |
104,955 |
Ventas
Realty LP | ||
2.65%,
01/15/25
(a) |
110,000 |
106,647 |
4.13%,
01/15/26
(a) |
155,000 |
151,434 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.25%,
10/15/26
(a) |
75,000 |
71,088 |
4.00%,
03/01/28
(a) |
100,000 |
95,633 |
Welltower
OP LLC | ||
4.00%,
06/01/25
(a) |
200,000 |
196,486 |
4.25%,
04/01/26
(a) |
125,000 |
123,210 |
2.70%,
02/15/27
(a) |
75,000 |
70,496 |
4.25%,
04/15/28
(a) |
100,000 |
98,221 |
WP
Carey, Inc. | ||
4.00%,
02/01/25
(a) |
75,000 |
73,926 |
4.25%,
10/01/26
(a) |
75,000 |
73,302 |
|
|
10,863,473 |
|
|
173,367,832 |
| ||
Industrial
48.8% | ||
Basic
Industry 1.8%
| ||
Air
Products & Chemicals, Inc. | ||
1.50%,
10/15/25
(a) |
50,000 |
47,351 |
1.85%,
05/15/27
(a) |
100,000 |
92,189 |
Albemarle
Corp. | ||
4.65%,
06/01/27
(a) |
100,000 |
98,378 |
AngloGold
Ashanti Holdings PLC | ||
3.38%,
11/01/28
(a) |
200,000 |
180,540 |
ArcelorMittal
SA | ||
4.55%,
03/11/26
|
75,000 |
73,959 |
6.55%,
11/29/27
(a) |
150,000 |
157,514 |
BHP
Billiton Finance USA Ltd. | ||
4.88%,
02/27/26
|
175,000 |
176,001 |
6.42%,
03/01/26
|
50,000 |
51,737 |
4.75%,
02/28/28
(a) |
189,000 |
191,037 |
5.10%,
09/08/28
(a) |
150,000 |
154,359 |
Celanese
U.S. Holdings LLC | ||
6.05%,
03/15/25
|
150,000 |
150,893 |
1.40%,
08/05/26
(a) |
50,000 |
45,601 |
6.17%,
07/15/27
(a) |
300,000 |
307,826 |
6.35%,
11/15/28
(a) |
150,000 |
157,382 |
Celulosa
Arauco y Constitucion SA | ||
3.88%,
11/02/27
(a) |
200,000 |
186,785 |
Dow
Chemical Co. | ||
4.80%,
11/30/28
(a) |
100,000 |
101,077 |
DuPont
de Nemours, Inc. | ||
4.49%,
11/15/25
(a) |
300,000 |
298,303 |
4.73%,
11/15/28
(a) |
300,000 |
305,005 |
Eastman
Chemical Co. | ||
3.80%,
03/15/25
(a) |
125,000 |
122,958 |
4.50%,
12/01/28
(a) |
50,000 |
48,990 |
Ecolab,
Inc. | ||
2.70%,
11/01/26
(a) |
100,000 |
95,828 |
1.65%,
02/01/27
(a) |
125,000 |
115,016 |
3.25%,
12/01/27
(a) |
125,000 |
120,220 |
5.25%,
01/15/28
(a) |
35,000 |
36,213 |
EIDP,
Inc. | ||
1.70%,
07/15/25
(a) |
150,000 |
142,425 |
FMC
Corp. | ||
3.20%,
10/01/26
(a) |
125,000 |
118,442 |
Freeport-McMoRan,
Inc. | ||
4.13%,
03/01/28
(a) |
125,000 |
120,087 |
International
Flavors & Fragrances, Inc. | ||
4.45%,
09/26/28
(a) |
75,000 |
73,194 |
Kinross
Gold Corp. | ||
4.50%,
07/15/27
(a) |
75,000 |
73,441 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Linde,
Inc. | ||
2.65%,
02/05/25
(a) |
15,000 |
14,641 |
4.70%,
12/05/25
(a) |
75,000 |
75,176 |
3.20%,
01/30/26
(a) |
225,000 |
218,840 |
LYB
International Finance II BV | ||
3.50%,
03/02/27
(a) |
100,000 |
96,529 |
LYB
International Finance III LLC | ||
1.25%,
10/01/25
(a) |
75,000 |
70,106 |
Mosaic
Co. | ||
4.05%,
11/15/27
(a) |
125,000 |
122,019 |
5.38%,
11/15/28
(a) |
50,000 |
51,101 |
Nucor
Corp. | ||
2.00%,
06/01/25
(a) |
100,000 |
96,142 |
4.30%,
05/23/27
(a) |
150,000 |
148,647 |
Nutrien
Ltd. | ||
3.00%,
04/01/25
(a) |
50,000 |
48,604 |
4.00%,
12/15/26
(a) |
75,000 |
73,438 |
4.90%,
03/27/28
(a) |
150,000 |
151,751 |
Packaging
Corp. of America | ||
3.40%,
12/15/27
(a) |
100,000 |
95,444 |
PPG
Industries, Inc. | ||
1.20%,
03/15/26
(a) |
125,000 |
115,663 |
3.75%,
03/15/28
(a) |
100,000 |
96,439 |
Reliance
Steel & Aluminum Co. | ||
1.30%,
08/15/25
(a) |
75,000 |
70,237 |
Rio
Tinto Finance USA Ltd. | ||
7.13%,
07/15/28
|
130,000 |
143,435 |
RPM
International, Inc. | ||
3.75%,
03/15/27
(a) |
75,000 |
72,197 |
Sherwin-Williams
Co. | ||
3.45%,
08/01/25
(a) |
75,000 |
73,071 |
4.25%,
08/08/25
|
25,000 |
24,797 |
3.95%,
01/15/26
(a) |
50,000 |
49,203 |
3.45%,
06/01/27
(a) |
250,000 |
241,628 |
Southern
Copper Corp. | ||
3.88%,
04/23/25
|
100,000 |
98,063 |
Steel
Dynamics, Inc. | ||
2.40%,
06/15/25
(a) |
85,000 |
81,465 |
5.00%,
12/15/26
(a) |
75,000 |
75,393 |
1.65%,
10/15/27
(a) |
50,000 |
44,590 |
Suzano
International Finance BV | ||
4.00%,
01/14/25
|
75,000 |
73,489 |
5.50%,
01/17/27
|
75,000 |
75,935 |
Vale
Overseas Ltd. | ||
6.25%,
08/10/26
|
100,000 |
102,609 |
Westlake
Corp. | ||
3.60%,
08/15/26
(a) |
125,000 |
120,849 |
Weyerhaeuser
Co. | ||
6.95%,
10/01/27
|
50,000 |
53,660 |
WRKCo,
Inc. | ||
3.75%,
03/15/25
(a) |
100,000 |
98,131 |
4.65%,
03/15/26
(a) |
150,000 |
149,066 |
4.00%,
03/15/28
(a) |
100,000 |
96,629 |
3.90%,
06/01/28
(a) |
100,000 |
95,540 |
|
|
7,157,278 |
Capital
Goods 5.4%
| ||
3M
Co. | ||
2.00%,
02/14/25
(a) |
120,000 |
115,615 |
2.65%,
04/15/25
(a) |
75,000 |
72,718 |
3.00%,
08/07/25
|
100,000 |
97,014 |
2.88%,
10/15/27
(a) |
150,000 |
141,308 |
3.63%,
09/14/28
(a) |
75,000 |
71,576 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Allegion
U.S. Holding Co., Inc. | ||
3.55%,
10/01/27
(a) |
50,000 |
47,556 |
Amcor
Finance USA, Inc. | ||
3.63%,
04/28/26
(a) |
150,000 |
145,074 |
4.50%,
05/15/28
(a) |
100,000 |
97,754 |
Amphenol
Corp. | ||
2.05%,
03/01/25
(a) |
75,000 |
72,465 |
Avery
Dennison Corp. | ||
4.88%,
12/06/28
(a) |
75,000 |
76,008 |
Berry
Global, Inc. | ||
1.57%,
01/15/26
(a) |
270,000 |
251,133 |
1.65%,
01/15/27
(a) |
100,000 |
90,265 |
Boeing
Co. | ||
4.88%,
05/01/25
(a) |
500,000 |
497,931 |
2.60%,
10/30/25
(a) |
50,000 |
47,823 |
2.75%,
02/01/26
(a) |
200,000 |
191,500 |
2.20%,
02/04/26
(a) |
800,000 |
756,171 |
3.10%,
05/01/26
(a) |
100,000 |
96,218 |
2.25%,
06/15/26
(a) |
75,000 |
70,340 |
2.70%,
02/01/27
(a) |
150,000 |
141,578 |
2.80%,
03/01/27
(a) |
50,000 |
47,185 |
5.04%,
05/01/27
(a) |
300,000 |
302,827 |
3.25%,
02/01/28
(a) |
150,000 |
142,397 |
3.25%,
03/01/28
(a) |
75,000 |
70,551 |
3.45%,
11/01/28
(a) |
75,000 |
70,750 |
Carlisle
Cos., Inc. | ||
3.75%,
12/01/27
(a) |
100,000 |
95,975 |
Carrier
Global Corp. | ||
2.24%,
02/15/25
(a) |
180,000 |
174,211 |
5.80%,
11/30/25
(c) |
100,000 |
101,407 |
2.49%,
02/15/27
(a) |
150,000 |
141,194 |
Caterpillar
Financial Services Corp. | ||
4.90%,
01/17/25
|
175,000 |
175,181 |
5.40%,
03/10/25
|
75,000 |
75,618 |
3.40%,
05/13/25
|
275,000 |
270,440 |
3.65%,
08/12/25
|
175,000 |
172,257 |
0.80%,
11/13/25
|
200,000 |
186,861 |
4.80%,
01/06/26
|
200,000 |
201,419 |
0.90%,
03/02/26
|
150,000 |
139,089 |
4.35%,
05/15/26
|
75,000 |
74,878 |
1.15%,
09/14/26
|
100,000 |
91,859 |
1.70%,
01/08/27
|
100,000 |
92,511 |
3.60%,
08/12/27
|
100,000 |
97,798 |
1.10%,
09/14/27
|
185,000 |
165,451 |
CNH
Industrial Capital LLC | ||
3.95%,
05/23/25
|
75,000 |
73,738 |
5.45%,
10/14/25
|
75,000 |
75,468 |
1.88%,
01/15/26
(a) |
100,000 |
93,874 |
1.45%,
07/15/26
(a) |
100,000 |
91,892 |
4.55%,
04/10/28
(a) |
100,000 |
98,733 |
CNH
Industrial NV | ||
3.85%,
11/15/27
(a) |
50,000 |
48,448 |
Deere
& Co. | ||
2.75%,
04/15/25
(a) |
125,000 |
121,959 |
Dover
Corp. | ||
3.15%,
11/15/25
(a) |
75,000 |
72,640 |
Eaton
Corp. | ||
3.10%,
09/15/27
(a) |
100,000 |
95,805 |
4.35%,
05/18/28
(a) |
100,000 |
100,381 |
Emerson
Electric Co. | ||
3.15%,
06/01/25
(a) |
100,000 |
97,838 |
0.88%,
10/15/26
(a) |
150,000 |
136,172 |
2.00%,
12/21/28
(a) |
150,000 |
134,583 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Fortive
Corp. | ||
3.15%,
06/15/26
(a) |
150,000 |
144,170 |
Fortune
Brands Innovations, Inc. | ||
4.00%,
06/15/25
(a) |
100,000 |
98,558 |
GE
Capital International Funding Co. Unlimited Co. | ||
3.37%,
11/15/25
|
50,000 |
48,552 |
General
Dynamics Corp. | ||
3.25%,
04/01/25
(a) |
100,000 |
98,074 |
3.50%,
05/15/25
(a) |
100,000 |
98,317 |
1.15%,
06/01/26
(a) |
75,000 |
69,448 |
2.13%,
08/15/26
(a) |
75,000 |
70,817 |
3.50%,
04/01/27
(a) |
125,000 |
121,820 |
2.63%,
11/15/27
(a) |
50,000 |
46,920 |
3.75%,
05/15/28
(a) |
175,000 |
172,015 |
HEICO
Corp. | ||
5.25%,
08/01/28
(a) |
110,000 |
112,450 |
Hexcel
Corp. | ||
4.95%,
08/15/25
(a) |
55,000 |
54,617 |
4.20%,
02/15/27
(a) |
75,000 |
72,301 |
Honeywell
International, Inc. | ||
1.35%,
06/01/25
(a) |
225,000 |
214,963 |
2.50%,
11/01/26
(a) |
275,000 |
262,026 |
1.10%,
03/01/27
(a) |
150,000 |
136,222 |
Howmet
Aerospace, Inc. | ||
5.90%,
02/01/27
|
100,000 |
102,684 |
6.75%,
01/15/28
|
75,000 |
79,014 |
Hubbell,
Inc. | ||
3.35%,
03/01/26
(a) |
50,000 |
48,458 |
3.15%,
08/15/27
(a) |
130,000 |
123,263 |
Huntington
Ingalls Industries, Inc. | ||
3.84%,
05/01/25
(a) |
125,000 |
122,494 |
3.48%,
12/01/27
(a) |
50,000 |
47,363 |
2.04%,
08/16/28
(a) |
100,000 |
88,202 |
Illinois
Tool Works, Inc. | ||
2.65%,
11/15/26
(a) |
150,000 |
143,342 |
Ingersoll
Rand, Inc. | ||
5.40%,
08/14/28
(a) |
75,000 |
77,325 |
John
Deere Capital Corp. | ||
2.05%,
01/09/25
|
20,000 |
19,456 |
5.15%,
03/03/25
|
75,000 |
75,455 |
2.13%,
03/07/25
|
70,000 |
67,862 |
3.45%,
03/13/25
|
100,000 |
98,504 |
3.40%,
06/06/25
|
150,000 |
147,615 |
4.95%,
06/06/25
|
150,000 |
150,667 |
4.05%,
09/08/25
|
200,000 |
198,279 |
3.40%,
09/11/25
|
125,000 |
122,558 |
4.80%,
01/09/26
|
200,000 |
201,194 |
0.70%,
01/15/26
|
225,000 |
208,748 |
2.65%,
06/10/26
|
100,000 |
95,766 |
1.05%,
06/17/26
|
125,000 |
115,196 |
1.30%,
10/13/26
|
75,000 |
69,009 |
1.70%,
01/11/27
|
100,000 |
92,389 |
2.35%,
03/08/27
|
100,000 |
94,097 |
1.75%,
03/09/27
|
100,000 |
92,134 |
2.80%,
09/08/27
|
100,000 |
94,855 |
4.15%,
09/15/27
|
150,000 |
149,119 |
4.75%,
01/20/28
|
200,000 |
203,504 |
4.90%,
03/03/28
|
100,000 |
101,930 |
1.50%,
03/06/28
|
100,000 |
89,369 |
4.95%,
07/14/28
|
225,000 |
230,770 |
Johnson
Controls International PLC | ||
3.90%,
02/14/26
(a) |
100,000 |
97,776 |
Kennametal,
Inc. | ||
4.63%,
06/15/28
(a) |
50,000 |
48,845 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
L3Harris
Technologies, Inc. | ||
3.83%,
04/27/25
(a) |
100,000 |
98,296 |
3.85%,
12/15/26
(a) |
50,000 |
49,049 |
5.40%,
01/15/27
|
100,000 |
102,168 |
4.40%,
06/15/28
(a) |
350,000 |
345,932 |
Leggett
& Platt, Inc. | ||
3.50%,
11/15/27
(a) |
75,000 |
70,907 |
Legrand
France SA | ||
8.50%,
02/15/25
|
70,000 |
72,820 |
Lennox
International, Inc. | ||
1.35%,
08/01/25
(a) |
75,000 |
70,654 |
5.50%,
09/15/28
(a) |
75,000 |
77,171 |
Lockheed
Martin Corp. | ||
3.55%,
01/15/26
(a) |
125,000 |
122,893 |
5.10%,
11/15/27
(a) |
150,000 |
154,957 |
4.45%,
05/15/28
(a) |
100,000 |
100,699 |
Martin
Marietta Materials, Inc. | ||
3.50%,
12/15/27
(a) |
100,000 |
95,976 |
Masco
Corp. | ||
3.50%,
11/15/27
(a) |
50,000 |
47,582 |
1.50%,
02/15/28
(a) |
100,000 |
87,696 |
Mohawk
Industries, Inc. | ||
5.85%,
09/18/28
(a) |
125,000 |
129,729 |
Nordson
Corp. | ||
5.60%,
09/15/28
(a) |
50,000 |
52,033 |
Northrop
Grumman Corp. | ||
2.93%,
01/15/25
(a) |
250,000 |
244,408 |
3.20%,
02/01/27
(a) |
150,000 |
144,448 |
3.25%,
01/15/28
(a) |
250,000 |
239,279 |
nVent
Finance SARL | ||
4.55%,
04/15/28
(a) |
100,000 |
97,337 |
Oshkosh
Corp. | ||
4.60%,
05/15/28
(a) |
50,000 |
49,347 |
Otis
Worldwide Corp. | ||
2.06%,
04/05/25
(a) |
200,000 |
192,474 |
2.29%,
04/05/27
(a) |
100,000 |
93,311 |
5.25%,
08/16/28
(a) |
100,000 |
102,984 |
Owens
Corning | ||
3.40%,
08/15/26
(a) |
75,000 |
72,366 |
Parker-Hannifin
Corp. | ||
3.25%,
03/01/27
(a) |
100,000 |
96,057 |
4.25%,
09/15/27
(a) |
195,000 |
193,355 |
Precision
Castparts Corp. | ||
3.25%,
06/15/25
(a) |
150,000 |
146,967 |
Regal
Rexnord Corp. | ||
6.05%,
02/15/26
(c) |
200,000 |
202,238 |
6.05%,
04/15/28
(a)(c) |
180,000 |
182,497 |
Republic
Services, Inc. | ||
3.20%,
03/15/25
(a) |
80,000 |
78,220 |
0.88%,
11/15/25
(a) |
50,000 |
46,360 |
3.38%,
11/15/27
(a) |
150,000 |
144,246 |
3.95%,
05/15/28
(a) |
125,000 |
122,724 |
Rockwell
Automation, Inc. | ||
2.88%,
03/01/25
(a) |
50,000 |
48,905 |
RTX
Corp. | ||
3.95%,
08/16/25
(a) |
225,000 |
221,830 |
2.65%,
11/01/26
(a) |
125,000 |
118,443 |
5.75%,
11/08/26
(a) |
250,000 |
256,804 |
3.50%,
03/15/27
(a) |
200,000 |
192,897 |
3.13%,
05/04/27
(a) |
175,000 |
166,602 |
7.20%,
08/15/27
|
25,000 |
27,050 |
4.13%,
11/16/28
(a) |
450,000 |
439,773 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Snap-on,
Inc. | ||
3.25%,
03/01/27
(a) |
50,000 |
48,347 |
Sonoco
Products Co. | ||
1.80%,
02/01/25
(a) |
60,000 |
57,755 |
2.25%,
02/01/27
(a) |
50,000 |
46,080 |
Stanley
Black & Decker, Inc. | ||
3.40%,
03/01/26
(a) |
150,000 |
145,180 |
6.27%,
03/06/26
(a) |
75,000 |
75,396 |
6.00%,
03/06/28
(a) |
100,000 |
105,297 |
4.25%,
11/15/28
(a) |
50,000 |
49,036 |
4.00%,
03/15/60
(a)(b) |
100,000 |
83,682 |
Teledyne
Technologies, Inc. | ||
1.60%,
04/01/26
(a) |
100,000 |
92,819 |
2.25%,
04/01/28
(a) |
100,000 |
90,677 |
Textron,
Inc. | ||
3.88%,
03/01/25
(a) |
75,000 |
73,816 |
4.00%,
03/15/26
(a) |
75,000 |
73,549 |
3.65%,
03/15/27
(a) |
75,000 |
72,083 |
3.38%,
03/01/28
(a) |
50,000 |
47,310 |
Timken
Co. | ||
4.50%,
12/15/28
(a) |
50,000 |
48,678 |
Trane
Technologies Financing Ltd. | ||
3.50%,
03/21/26
(a) |
75,000 |
73,020 |
Trane
Technologies Global Holding Co. Ltd. | ||
3.75%,
08/21/28
(a) |
100,000 |
97,677 |
Veralto
Corp. | ||
5.50%,
09/18/26
(a)(c) |
100,000 |
101,682 |
5.35%,
09/18/28
(a)(c) |
125,000 |
128,171 |
Vontier
Corp. | ||
1.80%,
04/01/26
(a) |
100,000 |
92,017 |
2.40%,
04/01/28
(a) |
75,000 |
66,360 |
Vulcan
Materials Co. | ||
4.50%,
04/01/25
(a) |
100,000 |
98,924 |
3.90%,
04/01/27
(a) |
75,000 |
72,623 |
Waste
Management, Inc. | ||
3.13%,
03/01/25
(a) |
75,000 |
73,436 |
0.75%,
11/15/25
(a) |
75,000 |
69,734 |
3.15%,
11/15/27
(a) |
100,000 |
95,876 |
1.15%,
03/15/28
(a) |
100,000 |
88,087 |
Westinghouse
Air Brake Technologies Corp. | ||
3.20%,
06/15/25
(a) |
75,000 |
72,624 |
3.45%,
11/15/26
(a) |
125,000 |
119,623 |
4.70%,
09/15/28
(a)(f) |
150,000 |
148,477 |
WW
Grainger, Inc. | ||
1.85%,
02/15/25
(a) |
90,000 |
86,936 |
Xylem,
Inc. | ||
3.25%,
11/01/26
(a) |
75,000 |
72,338 |
1.95%,
01/30/28
(a) |
100,000 |
90,605 |
|
|
21,087,348 |
Communications
5.6%
| ||
American
Tower Corp. | ||
2.95%,
01/15/25
(a) |
100,000 |
97,590 |
2.40%,
03/15/25
(a) |
115,000 |
111,296 |
4.00%,
06/01/25
(a) |
150,000 |
147,612 |
1.30%,
09/15/25
(a) |
100,000 |
93,810 |
4.40%,
02/15/26
(a) |
100,000 |
98,847 |
1.60%,
04/15/26
(a) |
125,000 |
115,672 |
1.45%,
09/15/26
(a) |
100,000 |
91,231 |
3.38%,
10/15/26
(a) |
150,000 |
143,928 |
2.75%,
01/15/27
(a) |
150,000 |
140,717 |
3.13%,
01/15/27
(a) |
75,000 |
71,014 |
3.55%,
07/15/27
(a) |
100,000 |
96,068 |
3.60%,
01/15/28
(a) |
175,000 |
166,983 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.50%,
01/31/28
(a) |
100,000 |
87,485 |
5.25%,
07/15/28
(a) |
125,000 |
127,136 |
5.80%,
11/15/28
(a) |
100,000 |
104,178 |
AT&T,
Inc. | ||
3.88%,
01/15/26
(a) |
100,000 |
98,073 |
5.54%,
02/20/26
(a) |
100,000 |
100,108 |
1.70%,
03/25/26
(a) |
475,000 |
444,465 |
2.95%,
07/15/26
(a) |
50,000 |
47,765 |
3.80%,
02/15/27
(a) |
100,000 |
97,628 |
4.25%,
03/01/27
(a) |
250,000 |
247,359 |
2.30%,
06/01/27
(a) |
400,000 |
371,526 |
1.65%,
02/01/28
(a) |
275,000 |
245,019 |
4.10%,
02/15/28
(a) |
300,000 |
293,505 |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
4.91%,
07/23/25
(a) |
650,000 |
644,103 |
6.15%,
11/10/26
(a) |
175,000 |
179,043 |
3.75%,
02/15/28
(a) |
150,000 |
141,905 |
4.20%,
03/15/28
(a) |
200,000 |
192,405 |
Comcast
Corp. | ||
3.38%,
08/15/25
(a) |
250,000 |
244,461 |
3.95%,
10/15/25
(a) |
450,000 |
444,348 |
3.15%,
03/01/26
(a) |
350,000 |
339,892 |
2.35%,
01/15/27
(a) |
200,000 |
188,031 |
3.30%,
02/01/27
(a) |
225,000 |
217,292 |
3.30%,
04/01/27
(a) |
140,000 |
134,891 |
5.35%,
11/15/27
(a) |
125,000 |
129,254 |
3.15%,
02/15/28
(a) |
225,000 |
214,603 |
3.55%,
05/01/28
(a) |
150,000 |
144,988 |
4.15%,
10/15/28
(a) |
700,000 |
690,850 |
Crown
Castle, Inc. | ||
1.35%,
07/15/25
(a) |
100,000 |
94,512 |
4.45%,
02/15/26
(a) |
175,000 |
172,467 |
3.70%,
06/15/26
(a) |
50,000 |
48,337 |
1.05%,
07/15/26
(a) |
160,000 |
144,571 |
4.00%,
03/01/27
(a) |
100,000 |
96,891 |
2.90%,
03/15/27
(a) |
125,000 |
117,133 |
3.65%,
09/01/27
(a) |
150,000 |
142,825 |
5.00%,
01/11/28
(a) |
250,000 |
249,365 |
3.80%,
02/15/28
(a) |
150,000 |
142,779 |
Discovery
Communications LLC | ||
3.95%,
06/15/25
(a) |
125,000 |
122,196 |
4.90%,
03/11/26
(a) |
100,000 |
99,829 |
3.95%,
03/20/28
(a) |
250,000 |
238,415 |
Electronic
Arts, Inc. | ||
4.80%,
03/01/26
(a) |
75,000 |
75,174 |
Fox
Corp. | ||
3.05%,
04/07/25
(a) |
95,000 |
92,531 |
Interpublic
Group of Cos., Inc. | ||
4.65%,
10/01/28
(a) |
75,000 |
74,280 |
Meta
Platforms, Inc. | ||
3.50%,
08/15/27
(a) |
400,000 |
389,543 |
4.60%,
05/15/28
(a) |
250,000 |
253,933 |
Netflix,
Inc. | ||
5.88%,
02/15/25
|
125,000 |
126,024 |
4.38%,
11/15/26
|
175,000 |
174,256 |
4.88%,
04/15/28
|
275,000 |
278,614 |
5.88%,
11/15/28
|
250,000 |
264,270 |
Omnicom
Group, Inc./Omnicom Capital, Inc. | ||
3.60%,
04/15/26
(a) |
225,000 |
219,449 |
Paramount
Global | ||
3.38%,
02/15/28
(a) |
150,000 |
137,253 |
3.70%,
06/01/28
(a) |
50,000 |
46,271 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Rogers
Communications, Inc. | ||
2.95%,
03/15/25
(a) |
150,000 |
145,893 |
3.63%,
12/15/25
(a) |
125,000 |
121,479 |
2.90%,
11/15/26
(a) |
75,000 |
71,242 |
3.20%,
03/15/27
(a) |
200,000 |
190,964 |
Sprint
Capital Corp. | ||
6.88%,
11/15/28
|
350,000 |
379,644 |
Sprint
LLC | ||
7.63%,
02/15/25
(a) |
275,000 |
279,974 |
7.63%,
03/01/26
(a) |
225,000 |
235,056 |
Take-Two
Interactive Software, Inc. | ||
3.55%,
04/14/25
|
100,000 |
97,971 |
3.70%,
04/14/27
(a) |
100,000 |
96,951 |
4.95%,
03/28/28
(a) |
125,000 |
126,058 |
TCI
Communications, Inc. | ||
7.88%,
02/15/26
|
75,000 |
79,693 |
7.13%,
02/15/28
|
50,000 |
54,817 |
Telefonica
Emisiones SA | ||
4.10%,
03/08/27
|
250,000 |
245,233 |
TELUS
Corp. | ||
2.80%,
02/16/27
(a) |
40,000 |
37,729 |
3.70%,
09/15/27
(a) |
150,000 |
144,264 |
T-Mobile
USA, Inc. | ||
3.50%,
04/15/25
(a) |
450,000 |
440,730 |
1.50%,
02/15/26
(a) |
175,000 |
163,113 |
2.25%,
02/15/26
(a) |
275,000 |
260,765 |
2.63%,
04/15/26
(a) |
200,000 |
190,400 |
3.75%,
04/15/27
(a) |
600,000 |
582,350 |
5.38%,
04/15/27
(a) |
100,000 |
100,421 |
4.75%,
02/01/28
(a) |
250,000 |
249,303 |
2.05%,
02/15/28
(a) |
200,000 |
180,593 |
4.95%,
03/15/28
(a) |
150,000 |
152,412 |
4.80%,
07/15/28
(a) |
150,000 |
151,265 |
TWDC
Enterprises 18 Corp. | ||
3.15%,
09/17/25
|
100,000 |
97,440 |
3.00%,
02/13/26
|
150,000 |
145,136 |
1.85%,
07/30/26
|
210,000 |
196,636 |
2.95%,
06/15/27
|
100,000 |
96,014 |
Verizon
Communications, Inc. | ||
3.38%,
02/15/25
|
200,000 |
196,361 |
0.85%,
11/20/25
(a) |
150,000 |
139,475 |
1.45%,
03/20/26
(a) |
350,000 |
326,095 |
2.63%,
08/15/26
|
285,000 |
271,728 |
4.13%,
03/16/27
|
500,000 |
493,015 |
3.00%,
03/22/27
(a) |
125,000 |
118,943 |
2.10%,
03/22/28
(a) |
450,000 |
407,061 |
4.33%,
09/21/28
|
650,000 |
643,477 |
Vodafone
Group PLC | ||
4.13%,
05/30/25
|
225,000 |
222,276 |
4.38%,
05/30/28
|
125,000 |
124,843 |
Walt
Disney Co. | ||
3.35%,
03/24/25
|
275,000 |
269,997 |
3.70%,
10/15/25
(a) |
100,000 |
98,316 |
1.75%,
01/13/26
|
225,000 |
213,014 |
3.38%,
11/15/26
(a) |
75,000 |
72,872 |
3.70%,
03/23/27
|
100,000 |
98,546 |
2.20%,
01/13/28
|
150,000 |
138,929 |
Warnermedia
Holdings, Inc. | ||
3.64%,
03/15/25
|
275,000 |
269,271 |
3.79%,
03/15/25
(a) |
100,000 |
97,981 |
6.41%,
03/15/26
(a) |
175,000 |
175,183 |
3.76%,
03/15/27
(a) |
650,000 |
623,173 |
|
|
21,660,101 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Consumer
Cyclical 8.6%
| ||
Alibaba
Group Holding Ltd. | ||
3.40%,
12/06/27
(a) |
375,000 |
355,851 |
Amazon.com,
Inc. | ||
3.00%,
04/13/25
|
240,000 |
235,089 |
0.80%,
06/03/25
(a) |
200,000 |
189,617 |
4.60%,
12/01/25
|
170,000 |
170,634 |
5.20%,
12/03/25
(a) |
125,000 |
126,570 |
1.00%,
05/12/26
(a) |
410,000 |
379,030 |
3.30%,
04/13/27
(a) |
285,000 |
276,849 |
1.20%,
06/03/27
(a) |
200,000 |
180,480 |
3.15%,
08/22/27
(a) |
575,000 |
552,988 |
4.55%,
12/01/27
(a) |
300,000 |
304,645 |
1.65%,
05/12/28
(a) |
360,000 |
324,287 |
American
Honda Finance Corp. | ||
1.50%,
01/13/25
|
100,000 |
96,512 |
4.60%,
04/17/25
|
125,000 |
124,650 |
1.20%,
07/08/25
|
25,000 |
23,719 |
1.00%,
09/10/25
|
150,000 |
141,093 |
5.80%,
10/03/25
|
250,000 |
254,602 |
5.25%,
07/07/26
|
100,000 |
101,813 |
1.30%,
09/09/26
|
150,000 |
137,893 |
2.30%,
09/09/26
|
125,000 |
118,321 |
2.35%,
01/08/27
|
75,000 |
70,518 |
4.70%,
01/12/28
|
100,000 |
100,913 |
3.50%,
02/15/28
|
100,000 |
96,417 |
2.00%,
03/24/28
|
100,000 |
90,714 |
5.13%,
07/07/28
|
150,000 |
154,773 |
5.65%,
11/15/28
|
175,000 |
183,299 |
Aptiv
PLC/Aptiv Corp. | ||
2.40%,
02/18/25
(a) |
125,000 |
120,922 |
AutoNation,
Inc. | ||
3.80%,
11/15/27
(a) |
50,000 |
46,985 |
1.95%,
08/01/28
(a) |
75,000 |
64,611 |
AutoZone,
Inc. | ||
3.25%,
04/15/25
(a) |
65,000 |
63,501 |
3.63%,
04/15/25
(a) |
115,000 |
112,965 |
3.13%,
04/21/26
(a) |
75,000 |
72,229 |
3.75%,
06/01/27
(a) |
125,000 |
121,544 |
4.50%,
02/01/28
(a) |
50,000 |
49,779 |
6.25%,
11/01/28
(a) |
125,000 |
133,075 |
Best
Buy Co., Inc. | ||
4.45%,
10/01/28
(a) |
75,000 |
74,617 |
Block
Financial LLC | ||
5.25%,
10/01/25
(a) |
50,000 |
49,744 |
Booking
Holdings, Inc. | ||
3.65%,
03/15/25
(a) |
50,000 |
49,260 |
3.60%,
06/01/26
(a) |
200,000 |
196,204 |
3.55%,
03/15/28
(a) |
75,000 |
72,479 |
BorgWarner,
Inc. | ||
2.65%,
07/01/27
(a) |
200,000 |
185,658 |
CBRE
Services, Inc. | ||
4.88%,
03/01/26
(a) |
125,000 |
124,969 |
Costco
Wholesale Corp. | ||
3.00%,
05/18/27
(a) |
100,000 |
96,381 |
1.38%,
06/20/27
(a) |
250,000 |
227,104 |
Cummins,
Inc. | ||
0.75%,
09/01/25
(a) |
100,000 |
93,787 |
Darden
Restaurants, Inc. | ||
3.85%,
05/01/27
(a) |
100,000 |
96,898 |
Dollar
General Corp. | ||
4.15%,
11/01/25
(a) |
100,000 |
98,420 |
3.88%,
04/15/27
(a) |
100,000 |
97,013 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.13%,
05/01/28
(a) |
100,000 |
97,981 |
5.20%,
07/05/28
(a) |
100,000 |
101,471 |
Dollar
Tree, Inc. | ||
4.00%,
05/15/25
(a) |
150,000 |
147,375 |
4.20%,
05/15/28
(a) |
200,000 |
195,870 |
DR
Horton, Inc. | ||
2.60%,
10/15/25
(a) |
65,000 |
62,352 |
1.30%,
10/15/26
(a) |
100,000 |
91,301 |
1.40%,
10/15/27
(a) |
75,000 |
66,875 |
eBay,
Inc. | ||
1.90%,
03/11/25
(a) |
125,000 |
120,230 |
1.40%,
05/10/26
(a) |
125,000 |
115,811 |
3.60%,
06/05/27
(a) |
125,000 |
121,063 |
5.95%,
11/22/27
(a) |
75,000 |
78,381 |
Expedia
Group, Inc. | ||
5.00%,
02/15/26
(a) |
125,000 |
125,112 |
4.63%,
08/01/27
(a) |
250,000 |
249,457 |
Ford
Motor Co. | ||
4.35%,
12/08/26
(a)(g) |
250,000 |
243,853 |
6.63%,
10/01/28
|
75,000 |
79,077 |
Ford
Motor Credit Co. LLC | ||
5.13%,
06/16/25
(a) |
300,000 |
296,477 |
4.13%,
08/04/25
|
250,000 |
243,123 |
3.38%,
11/13/25
(a) |
300,000 |
287,019 |
4.39%,
01/08/26
|
200,000 |
194,526 |
6.95%,
03/06/26
(a) |
250,000 |
256,240 |
6.95%,
06/10/26
(a) |
200,000 |
205,328 |
2.70%,
08/10/26
(a) |
300,000 |
278,061 |
4.27%,
01/09/27
(a) |
200,000 |
192,088 |
4.95%,
05/28/27
(a) |
200,000 |
195,373 |
4.13%,
08/17/27
(a) |
200,000 |
189,722 |
7.35%,
11/04/27
(a) |
200,000 |
210,926 |
2.90%,
02/16/28
(a) |
200,000 |
179,625 |
6.80%,
05/12/28
(a) |
250,000 |
261,284 |
6.80%,
11/07/28
(a) |
200,000 |
209,471 |
General
Motors Co. | ||
4.00%,
04/01/25
|
105,000 |
103,240 |
6.13%,
10/01/25
(a) |
325,000 |
329,294 |
4.20%,
10/01/27
(a) |
100,000 |
97,811 |
6.80%,
10/01/27
(a) |
150,000 |
159,150 |
General
Motors Financial Co., Inc. | ||
4.00%,
01/15/25
(a) |
150,000 |
147,575 |
2.90%,
02/26/25
(a) |
225,000 |
218,477 |
3.80%,
04/07/25
|
200,000 |
196,003 |
4.35%,
04/09/25
(a) |
150,000 |
147,908 |
2.75%,
06/20/25
(a) |
200,000 |
192,555 |
4.30%,
07/13/25
(a) |
125,000 |
123,025 |
6.05%,
10/10/25
|
100,000 |
101,306 |
1.25%,
01/08/26
(a) |
225,000 |
208,267 |
5.25%,
03/01/26
(a) |
225,000 |
225,261 |
5.40%,
04/06/26
|
150,000 |
151,078 |
1.50%,
06/10/26
(a) |
250,000 |
229,376 |
4.00%,
10/06/26
(a) |
125,000 |
121,681 |
4.35%,
01/17/27
(a) |
200,000 |
196,184 |
2.35%,
02/26/27
(a) |
150,000 |
138,258 |
5.00%,
04/09/27
(a) |
200,000 |
199,799 |
2.70%,
08/20/27
(a) |
175,000 |
161,542 |
3.85%,
01/05/28
(a) |
50,000 |
47,831 |
6.00%,
01/09/28
(a) |
150,000 |
155,228 |
2.40%,
04/10/28
(a) |
225,000 |
202,211 |
5.80%,
06/23/28
(a) |
200,000 |
205,708 |
2.40%,
10/15/28
(a) |
150,000 |
133,328 |
Genuine
Parts Co. | ||
1.75%,
02/01/25
(a) |
50,000 |
48,084 |
6.50%,
11/01/28
(a) |
75,000 |
79,724 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
GLP
Capital LP/GLP Financing II, Inc. | ||
5.25%,
06/01/25
(a) |
140,000 |
139,702 |
5.38%,
04/15/26
(a) |
150,000 |
149,334 |
5.75%,
06/01/28
(a) |
75,000 |
75,688 |
Harley-Davidson,
Inc. | ||
3.50%,
07/28/25
(a) |
100,000 |
97,133 |
Harman
International Industries, Inc. | ||
4.15%,
05/15/25
(a) |
125,000 |
123,138 |
Home
Depot, Inc. | ||
3.35%,
09/15/25
(a) |
225,000 |
220,750 |
3.00%,
04/01/26
(a) |
250,000 |
242,454 |
2.13%,
09/15/26
(a) |
200,000 |
188,436 |
2.50%,
04/15/27
(a) |
100,000 |
94,406 |
2.88%,
04/15/27
(a) |
125,000 |
119,590 |
2.80%,
09/14/27
(a) |
225,000 |
214,157 |
0.90%,
03/15/28
(a) |
50,000 |
43,794 |
1.50%,
09/15/28
(a) |
160,000 |
141,998 |
3.90%,
12/06/28
(a) |
150,000 |
147,882 |
Honda
Motor Co. Ltd. | ||
2.27%,
03/10/25
(a) |
100,000 |
96,974 |
2.53%,
03/10/27
(a) |
150,000 |
141,629 |
Hyatt
Hotels Corp. | ||
5.38%,
04/23/25
(a) |
100,000 |
100,165 |
4.85%,
03/15/26
(a) |
50,000 |
49,629 |
5.75%,
01/30/27
(a) |
50,000 |
51,168 |
4.38%,
09/15/28
(a) |
75,000 |
72,962 |
JD.com,
Inc. | ||
3.88%,
04/29/26
|
200,000 |
194,944 |
Jones
Lang LaSalle, Inc. | ||
6.88%,
12/01/28
(a) |
50,000 |
52,947 |
Lear
Corp. | ||
3.80%,
09/15/27
(a) |
100,000 |
96,541 |
Lennar
Corp. | ||
4.75%,
05/30/25
(a) |
75,000 |
74,626 |
5.25%,
06/01/26
(a) |
50,000 |
50,247 |
5.00%,
06/15/27
(a) |
50,000 |
50,288 |
4.75%,
11/29/27
(a) |
150,000 |
150,167 |
LKQ
Corp. | ||
5.75%,
06/15/28
(a) |
100,000 |
102,743 |
Lowe's
Cos., Inc. | ||
4.00%,
04/15/25
(a) |
75,000 |
74,036 |
4.40%,
09/08/25
|
200,000 |
198,757 |
3.38%,
09/15/25
(a) |
150,000 |
146,421 |
2.50%,
04/15/26
(a) |
225,000 |
214,421 |
3.35%,
04/01/27
(a) |
125,000 |
120,530 |
3.10%,
05/03/27
(a) |
250,000 |
239,800 |
1.30%,
04/15/28
(a) |
150,000 |
131,895 |
1.70%,
09/15/28
(a) |
150,000 |
132,738 |
Magna
International, Inc. | ||
4.15%,
10/01/25
(a) |
175,000 |
172,436 |
5.98%,
03/21/26
(a) |
50,000 |
50,138 |
Marriott
International, Inc. | ||
3.75%,
03/15/25
(a) |
50,000 |
49,162 |
5.75%,
05/01/25
(a) |
125,000 |
125,818 |
3.75%,
10/01/25
(a) |
100,000 |
97,701 |
3.13%,
06/15/26
(a) |
100,000 |
96,095 |
5.00%,
10/15/27
(a) |
175,000 |
177,318 |
4.00%,
04/15/28
(a) |
75,000 |
72,709 |
5.55%,
10/15/28
(a) |
100,000 |
103,170 |
4.65%,
12/01/28
(a) |
50,000 |
49,824 |
McDonald's
Corp. | ||
3.38%,
05/26/25
(a) |
50,000 |
49,041 |
3.30%,
07/01/25
(a) |
150,000 |
146,689 |
1.45%,
09/01/25
(a) |
50,000 |
47,362 |
3.70%,
01/30/26
(a) |
275,000 |
270,518 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.50%,
03/01/27
(a) |
135,000 |
131,514 |
3.50%,
07/01/27
(a) |
150,000 |
145,862 |
3.80%,
04/01/28
(a) |
175,000 |
170,820 |
4.80%,
08/14/28
(a) |
100,000 |
101,893 |
Meritage
Homes Corp. | ||
5.13%,
06/06/27
(a) |
50,000 |
49,569 |
NIKE,
Inc. | ||
2.40%,
03/27/25
(a) |
80,000 |
77,791 |
2.38%,
11/01/26
(a) |
225,000 |
213,732 |
2.75%,
03/27/27
(a) |
150,000 |
143,082 |
O'Reilly
Automotive, Inc. | ||
3.55%,
03/15/26
(a) |
100,000 |
97,238 |
3.60%,
09/01/27
(a) |
100,000 |
96,469 |
4.35%,
06/01/28
(a) |
150,000 |
149,208 |
PACCAR
Financial Corp. | ||
1.80%,
02/06/25
|
10,000 |
9,681 |
3.55%,
08/11/25
|
150,000 |
147,717 |
4.95%,
10/03/25
|
50,000 |
50,285 |
4.45%,
03/30/26
|
75,000 |
74,999 |
1.10%,
05/11/26
|
50,000 |
46,262 |
2.00%,
02/04/27
|
100,000 |
93,168 |
4.60%,
01/10/28
|
50,000 |
50,541 |
4.95%,
08/10/28
|
50,000 |
51,646 |
PulteGroup,
Inc. | ||
5.50%,
03/01/26
(a) |
125,000 |
126,677 |
5.00%,
01/15/27
(a) |
25,000 |
25,190 |
PVH
Corp. | ||
4.63%,
07/10/25
(a)(c) |
100,000 |
98,438 |
Ralph
Lauren Corp. | ||
3.75%,
09/15/25
(a) |
100,000 |
98,013 |
Ross
Stores, Inc. | ||
4.60%,
04/15/25
(a) |
120,000 |
119,124 |
0.88%,
04/15/26
(a) |
75,000 |
68,840 |
Sands
China Ltd. | ||
5.38%,
08/08/25
(a)(d) |
200,000 |
197,333 |
4.30%,
01/08/26
(a)(d) |
200,000 |
192,683 |
5.65%,
08/08/28
(a)(d) |
310,000 |
306,459 |
Starbucks
Corp. | ||
3.80%,
08/15/25
(a) |
250,000 |
245,592 |
4.75%,
02/15/26
|
150,000 |
150,682 |
2.00%,
03/12/27
(a) |
75,000 |
69,554 |
3.50%,
03/01/28
(a) |
100,000 |
96,262 |
4.00%,
11/15/28
(a) |
100,000 |
98,512 |
Tapestry,
Inc. | ||
4.25%,
04/01/25
(a) |
25,000 |
24,647 |
7.00%,
11/27/26
|
100,000 |
103,829 |
4.13%,
07/15/27
(a) |
100,000 |
95,429 |
7.35%,
11/27/28
(a) |
150,000 |
157,491 |
Target
Corp. | ||
2.25%,
04/15/25
(a) |
275,000 |
266,778 |
2.50%,
04/15/26
|
150,000 |
144,495 |
1.95%,
01/15/27
(a) |
100,000 |
93,368 |
TJX
Cos., Inc. | ||
2.25%,
09/15/26
(a) |
175,000 |
166,034 |
1.15%,
05/15/28
(a) |
75,000 |
65,727 |
Toll
Brothers Finance Corp. | ||
4.88%,
11/15/25
(a) |
50,000 |
49,704 |
4.88%,
03/15/27
(a) |
75,000 |
74,786 |
4.35%,
02/15/28
(a) |
75,000 |
73,381 |
Toyota
Motor Corp. | ||
1.34%,
03/25/26
(a) |
210,000 |
195,857 |
Toyota
Motor Credit Corp. | ||
1.45%,
01/13/25
|
100,000 |
96,528 |
1.80%,
02/13/25
|
285,000 |
275,724 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.00%,
04/01/25
|
310,000 |
303,219 |
3.40%,
04/14/25
|
100,000 |
98,210 |
3.95%,
06/30/25
|
200,000 |
197,789 |
3.65%,
08/18/25
|
200,000 |
196,973 |
0.80%,
10/16/25
|
225,000 |
210,488 |
5.40%,
11/10/25
|
100,000 |
101,609 |
0.80%,
01/09/26
|
150,000 |
139,261 |
4.45%,
05/18/26
|
250,000 |
249,728 |
1.13%,
06/18/26
|
250,000 |
230,944 |
3.20%,
01/11/27
|
50,000 |
48,239 |
1.90%,
01/13/27
|
150,000 |
139,304 |
3.05%,
03/22/27
|
250,000 |
239,743 |
1.15%,
08/13/27
|
150,000 |
134,084 |
4.55%,
09/20/27
|
210,000 |
211,821 |
5.45%,
11/10/27
|
100,000 |
103,756 |
3.05%,
01/11/28
|
200,000 |
190,880 |
4.63%,
01/12/28
|
150,000 |
152,097 |
1.90%,
04/06/28
|
100,000 |
90,904 |
5.25%,
09/11/28
|
125,000 |
129,645 |
VF
Corp. | ||
2.40%,
04/23/25
(a) |
125,000 |
119,471 |
2.80%,
04/23/27
(a) |
75,000 |
68,995 |
VICI
Properties LP | ||
4.38%,
05/15/25
|
100,000 |
98,378 |
4.75%,
02/15/28
(a) |
200,000 |
196,665 |
Walmart,
Inc. | ||
3.55%,
06/26/25
(a) |
225,000 |
222,014 |
3.90%,
09/09/25
|
285,000 |
282,510 |
3.05%,
07/08/26
(a) |
125,000 |
121,352 |
1.05%,
09/17/26
(a) |
225,000 |
207,059 |
3.95%,
09/09/27
(a) |
160,000 |
159,153 |
3.90%,
04/15/28
(a) |
100,000 |
99,118 |
3.70%,
06/26/28
(a) |
225,000 |
222,432 |
1.50%,
09/22/28
(a) |
225,000 |
201,179 |
|
|
33,350,503 |
Consumer
Non-Cyclical 11.6%
| ||
Abbott
Laboratories | ||
2.95%,
03/15/25
(a) |
200,000 |
196,005 |
3.88%,
09/15/25
(a) |
75,000 |
74,316 |
3.75%,
11/30/26
(a) |
275,000 |
271,373 |
1.15%,
01/30/28
(a) |
75,000 |
66,897 |
AbbVie,
Inc. | ||
3.80%,
03/15/25
(a) |
400,000 |
394,977 |
3.60%,
05/14/25
(a) |
575,000 |
564,912 |
3.20%,
05/14/26
(a) |
350,000 |
339,622 |
2.95%,
11/21/26
(a) |
600,000 |
575,798 |
4.25%,
11/14/28
(a) |
250,000 |
248,935 |
Agilent
Technologies, Inc. | ||
3.05%,
09/22/26
(a) |
75,000 |
71,725 |
Altria
Group, Inc. | ||
2.35%,
05/06/25
(a) |
130,000 |
125,421 |
4.40%,
02/14/26
(a) |
125,000 |
123,880 |
2.63%,
09/16/26
(a) |
75,000 |
70,957 |
Amgen,
Inc. | ||
1.90%,
02/21/25
(a) |
70,000 |
67,636 |
5.25%,
03/02/25
|
250,000 |
250,684 |
3.13%,
05/01/25
(a) |
175,000 |
170,655 |
5.51%,
03/02/26
(a) |
200,000 |
200,134 |
2.60%,
08/19/26
(a) |
225,000 |
213,904 |
2.20%,
02/21/27
(a) |
275,000 |
255,804 |
3.20%,
11/02/27
(a) |
125,000 |
119,470 |
5.15%,
03/02/28
(a) |
575,000 |
588,142 |
1.65%,
08/15/28
(a) |
200,000 |
176,972 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Anheuser-Busch
Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%,
02/01/26
(a) |
350,000 |
343,676 |
Anheuser-Busch
InBev Worldwide, Inc. | ||
4.00%,
04/13/28
(a) |
350,000 |
346,330 |
Archer-Daniels-Midland
Co. | ||
2.50%,
08/11/26
(a) |
175,000 |
166,743 |
Astrazeneca
Finance LLC | ||
1.20%,
05/28/26
(a) |
200,000 |
185,186 |
4.88%,
03/03/28
(a) |
150,000 |
152,928 |
1.75%,
05/28/28
(a) |
150,000 |
134,387 |
AstraZeneca
PLC | ||
3.38%,
11/16/25
|
325,000 |
318,048 |
0.70%,
04/08/26
(a) |
200,000 |
184,212 |
3.13%,
06/12/27
(a) |
125,000 |
120,199 |
BAT
Capital Corp. | ||
3.22%,
09/06/26
(a) |
150,000 |
143,648 |
4.70%,
04/02/27
(a) |
150,000 |
148,567 |
3.56%,
08/15/27
(a) |
370,000 |
353,573 |
2.26%,
03/25/28
(a) |
200,000 |
179,025 |
BAT
International Finance PLC | ||
1.67%,
03/25/26
(a) |
225,000 |
209,064 |
4.45%,
03/16/28
(a) |
200,000 |
197,127 |
Baxalta,
Inc. | ||
4.00%,
06/23/25
(a) |
150,000 |
147,628 |
Baxter
International, Inc. | ||
2.60%,
08/15/26
(a) |
75,000 |
70,764 |
1.92%,
02/01/27
(a) |
250,000 |
229,195 |
2.27%,
12/01/28
(a) |
150,000 |
134,476 |
Becton
Dickinson & Co. | ||
3.70%,
06/06/27
(a) |
275,000 |
266,696 |
4.69%,
02/13/28
(a) |
125,000 |
125,672 |
Biogen,
Inc. | ||
4.05%,
09/15/25
(a) |
275,000 |
270,631 |
Bio-Rad
Laboratories, Inc. | ||
3.30%,
03/15/27
(a) |
100,000 |
95,127 |
Boston
Scientific Corp. | ||
1.90%,
06/01/25
(a) |
100,000 |
95,808 |
4.00%,
03/01/28
(a) |
50,000 |
48,884 |
Bristol-Myers
Squibb Co. | ||
0.75%,
11/13/25
(a) |
225,000 |
210,065 |
3.20%,
06/15/26
(a) |
275,000 |
267,023 |
1.13%,
11/13/27
(a) |
150,000 |
133,483 |
3.45%,
11/15/27
(a) |
150,000 |
145,752 |
3.90%,
02/20/28
(a) |
200,000 |
196,619 |
Brown-Forman
Corp. | ||
3.50%,
04/15/25
(a) |
50,000 |
49,093 |
Bunge
Ltd. Finance Corp. | ||
1.63%,
08/17/25
(a) |
100,000 |
94,532 |
3.25%,
08/15/26
(a) |
175,000 |
168,065 |
3.75%,
09/25/27
(a) |
50,000 |
48,235 |
Campbell
Soup Co. | ||
3.95%,
03/15/25
(a) |
125,000 |
123,108 |
3.30%,
03/19/25
(a) |
50,000 |
48,815 |
4.15%,
03/15/28
(a) |
150,000 |
147,166 |
Cardinal
Health, Inc. | ||
3.75%,
09/15/25
(a) |
125,000 |
122,219 |
3.41%,
06/15/27
(a) |
150,000 |
144,057 |
Cencora,
Inc. | ||
3.25%,
03/01/25
(a) |
95,000 |
93,038 |
3.45%,
12/15/27
(a) |
100,000 |
96,392 |
Cigna
Group | ||
3.25%,
04/15/25
(a) |
75,000 |
73,212 |
4.13%,
11/15/25
(a) |
350,000 |
345,929 |
4.50%,
02/25/26
(a) |
200,000 |
198,698 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.25%,
03/15/26
(a) |
100,000 |
92,710 |
5.69%,
03/15/26
(a) |
100,000 |
100,089 |
3.40%,
03/01/27
(a) |
225,000 |
216,942 |
3.05%,
10/15/27
(a) |
100,000 |
95,075 |
4.38%,
10/15/28
(a) |
575,000 |
570,573 |
Clorox
Co. | ||
3.10%,
10/01/27
(a) |
50,000 |
47,313 |
3.90%,
05/15/28
(a) |
100,000 |
97,023 |
Coca-Cola
Co. | ||
3.38%,
03/25/27
|
150,000 |
146,637 |
2.90%,
05/25/27
|
75,000 |
71,831 |
1.45%,
06/01/27
|
225,000 |
205,740 |
1.50%,
03/05/28
|
125,000 |
112,788 |
1.00%,
03/15/28
|
150,000 |
132,369 |
Colgate-Palmolive
Co. | ||
3.10%,
08/15/27
(a) |
150,000 |
144,948 |
4.60%,
03/01/28
(a) |
40,000 |
41,022 |
CommonSpirit
Health | ||
1.55%,
10/01/25
(a) |
100,000 |
93,696 |
6.07%,
11/01/27
(a) |
50,000 |
51,649 |
Conagra
Brands, Inc. | ||
4.60%,
11/01/25
(a) |
175,000 |
173,530 |
5.30%,
10/01/26
|
50,000 |
50,656 |
1.38%,
11/01/27
(a) |
150,000 |
131,917 |
7.00%,
10/01/28
|
75,000 |
80,916 |
4.85%,
11/01/28
(a) |
200,000 |
200,035 |
Conopco,
Inc. | ||
7.25%,
12/15/26
|
100,000 |
107,344 |
Constellation
Brands, Inc. | ||
4.40%,
11/15/25
(a) |
75,000 |
74,176 |
4.75%,
12/01/25
|
75,000 |
74,700 |
3.70%,
12/06/26
(a) |
100,000 |
97,593 |
3.50%,
05/09/27
(a) |
75,000 |
72,303 |
4.35%,
05/09/27
(a) |
100,000 |
99,293 |
3.60%,
02/15/28
(a) |
125,000 |
120,168 |
4.65%,
11/15/28
(a) |
75,000 |
75,203 |
CVS
Health Corp. | ||
4.10%,
03/25/25
(a) |
150,000 |
148,591 |
3.88%,
07/20/25
(a) |
400,000 |
393,035 |
5.00%,
02/20/26
(a) |
250,000 |
251,190 |
2.88%,
06/01/26
(a) |
250,000 |
238,975 |
3.00%,
08/15/26
(a) |
50,000 |
47,840 |
3.63%,
04/01/27
(a) |
125,000 |
121,244 |
6.25%,
06/01/27
|
75,000 |
78,826 |
1.30%,
08/21/27
(a) |
375,000 |
333,594 |
4.30%,
03/25/28
(a) |
750,000 |
737,767 |
Danaher
Corp. | ||
3.35%,
09/15/25
(a) |
60,000 |
58,706 |
Diageo
Capital PLC | ||
1.38%,
09/29/25
(a) |
200,000 |
189,112 |
5.20%,
10/24/25
|
200,000 |
201,877 |
5.30%,
10/24/27
(a) |
250,000 |
258,348 |
Edwards
Lifesciences Corp. | ||
4.30%,
06/15/28
(a) |
100,000 |
98,596 |
Eli
Lilly & Co. | ||
5.00%,
02/27/26
(a) |
125,000 |
125,084 |
5.50%,
03/15/27
|
100,000 |
103,954 |
3.10%,
05/15/27
(a) |
75,000 |
72,395 |
Estee
Lauder Cos., Inc. | ||
3.15%,
03/15/27
(a) |
100,000 |
95,893 |
4.38%,
05/15/28
(a) |
125,000 |
124,977 |
Flowers
Foods, Inc. | ||
3.50%,
10/01/26
(a) |
75,000 |
71,938 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
GE
HealthCare Technologies, Inc. | ||
5.60%,
11/15/25
(a) |
200,000 |
201,839 |
5.65%,
11/15/27
(a) |
300,000 |
310,977 |
General
Mills, Inc. | ||
4.00%,
04/17/25
(a) |
100,000 |
98,809 |
5.24%,
11/18/25
(a) |
100,000 |
100,018 |
3.20%,
02/10/27
(a) |
125,000 |
119,783 |
4.20%,
04/17/28
(a) |
200,000 |
197,436 |
5.50%,
10/17/28
(a) |
75,000 |
77,788 |
Gilead
Sciences, Inc. | ||
3.50%,
02/01/25
(a) |
275,000 |
270,752 |
3.65%,
03/01/26
(a) |
425,000 |
416,504 |
2.95%,
03/01/27
(a) |
175,000 |
166,957 |
1.20%,
10/01/27
(a) |
125,000 |
111,380 |
GlaxoSmithKline
Capital, Inc. | ||
3.63%,
05/15/25
|
150,000 |
147,559 |
3.88%,
05/15/28
|
275,000 |
271,591 |
Haleon
U.K. Capital PLC | ||
3.13%,
03/24/25
|
250,000 |
244,165 |
Haleon
U.S. Capital LLC | ||
3.38%,
03/24/27
(a) |
275,000 |
264,834 |
Hasbro,
Inc. | ||
3.55%,
11/19/26
(a) |
100,000 |
94,946 |
3.50%,
09/15/27
(a) |
100,000 |
94,354 |
HCA,
Inc. | ||
5.38%,
02/01/25
|
400,000 |
399,997 |
5.25%,
04/15/25
|
225,000 |
225,114 |
5.88%,
02/15/26
(a) |
200,000 |
201,988 |
5.25%,
06/15/26
(a) |
275,000 |
276,438 |
5.38%,
09/01/26
(a) |
175,000 |
176,025 |
4.50%,
02/15/27
(a) |
200,000 |
197,981 |
3.13%,
03/15/27
(a) |
150,000 |
142,397 |
5.20%,
06/01/28
(a) |
150,000 |
151,615 |
5.63%,
09/01/28
(a) |
250,000 |
256,187 |
Hershey
Co. | ||
2.30%,
08/15/26
(a) |
125,000 |
118,759 |
4.25%,
05/04/28
(a) |
50,000 |
50,135 |
Hormel
Foods Corp. | ||
1.70%,
06/03/28
(a) |
125,000 |
112,591 |
Illumina,
Inc. | ||
5.75%,
12/13/27
(a) |
100,000 |
102,835 |
Ingredion,
Inc. | ||
3.20%,
10/01/26
(a) |
100,000 |
95,757 |
IQVIA,
Inc. | ||
5.70%,
05/15/28
(a)(c) |
200,000 |
204,211 |
J
M Smucker Co. | ||
3.50%,
03/15/25
|
150,000 |
147,199 |
3.38%,
12/15/27
(a) |
100,000 |
95,228 |
5.90%,
11/15/28
(a) |
100,000 |
105,341 |
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
2.50%,
01/15/27
(a) |
150,000 |
138,203 |
5.13%,
02/01/28
(a) |
150,000 |
149,442 |
Johnson
& Johnson | ||
0.55%,
09/01/25
(a) |
175,000 |
164,103 |
2.45%,
03/01/26
(a) |
350,000 |
336,678 |
2.95%,
03/03/27
(a) |
225,000 |
217,406 |
0.95%,
09/01/27
(a) |
275,000 |
245,669 |
2.90%,
01/15/28
(a) |
150,000 |
143,624 |
Kaiser
Foundation Hospitals | ||
3.15%,
05/01/27
(a) |
100,000 |
95,881 |
Kellanova | ||
3.25%,
04/01/26
|
100,000 |
96,980 |
3.40%,
11/15/27
(a) |
100,000 |
96,108 |
4.30%,
05/15/28
(a) |
100,000 |
99,087 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Kenvue,
Inc. | ||
5.50%,
03/22/25
|
150,000 |
151,291 |
5.35%,
03/22/26
(a) |
100,000 |
101,765 |
5.05%,
03/22/28
(a) |
150,000 |
153,798 |
Keurig
Dr Pepper, Inc. | ||
4.42%,
05/25/25
(a) |
100,000 |
99,032 |
3.40%,
11/15/25
(a) |
100,000 |
97,263 |
2.55%,
09/15/26
(a) |
50,000 |
47,267 |
4.60%,
05/25/28
(a) |
175,000 |
175,476 |
Kimberly-Clark
Corp. | ||
3.05%,
08/15/25
|
50,000 |
48,769 |
2.75%,
02/15/26
|
75,000 |
72,524 |
1.05%,
09/15/27
(a) |
100,000 |
89,319 |
Kraft
Heinz Foods Co. | ||
3.00%,
06/01/26
(a) |
300,000 |
288,436 |
3.88%,
05/15/27
(a) |
200,000 |
196,278 |
Kroger
Co. | ||
3.50%,
02/01/26
(a) |
75,000 |
73,103 |
2.65%,
10/15/26
(a) |
125,000 |
118,271 |
3.70%,
08/01/27
(a) |
100,000 |
96,966 |
Laboratory
Corp. of America Holdings | ||
3.60%,
02/01/25
(a) |
150,000 |
147,466 |
1.55%,
06/01/26
(a) |
75,000 |
69,325 |
3.60%,
09/01/27
(a) |
100,000 |
96,610 |
McCormick
& Co., Inc. | ||
0.90%,
02/15/26
(a) |
75,000 |
69,114 |
3.40%,
08/15/27
(a) |
125,000 |
119,492 |
McKesson
Corp. | ||
0.90%,
12/03/25
(a) |
75,000 |
69,639 |
1.30%,
08/15/26
(a) |
100,000 |
92,032 |
4.90%,
07/15/28
(a) |
100,000 |
101,821 |
Mead
Johnson Nutrition Co. | ||
4.13%,
11/15/25
(a) |
125,000 |
123,379 |
Medtronic
Global Holdings SCA | ||
4.25%,
03/30/28
(a) |
150,000 |
149,548 |
Merck
& Co., Inc. | ||
2.75%,
02/10/25
(a) |
395,000 |
386,336 |
0.75%,
02/24/26
(a) |
150,000 |
139,130 |
1.70%,
06/10/27
(a) |
300,000 |
275,368 |
4.05%,
05/17/28
(a) |
100,000 |
99,770 |
1.90%,
12/10/28
(a) |
50,000 |
45,029 |
Molson
Coors Beverage Co. | ||
3.00%,
07/15/26
(a) |
300,000 |
287,467 |
Mondelez
International, Inc. | ||
1.50%,
05/04/25
(a) |
125,000 |
119,260 |
2.63%,
03/17/27
(a) |
100,000 |
94,379 |
4.13%,
05/07/28
(a) |
100,000 |
99,106 |
Mylan,
Inc. | ||
4.55%,
04/15/28
(a) |
100,000 |
97,263 |
Novartis
Capital Corp. | ||
1.75%,
02/14/25
(a) |
135,000 |
130,721 |
3.00%,
11/20/25
(a) |
325,000 |
316,317 |
2.00%,
02/14/27
(a) |
250,000 |
234,324 |
3.10%,
05/17/27
(a) |
75,000 |
72,231 |
PeaceHealth
Obligated Group | ||
1.38%,
11/15/25
(a) |
75,000 |
69,552 |
PepsiCo,
Inc. | ||
2.25%,
03/19/25
(a) |
200,000 |
194,425 |
2.75%,
04/30/25
(a) |
220,000 |
214,490 |
3.50%,
07/17/25
(a) |
125,000 |
123,033 |
4.55%,
02/13/26
(a) |
150,000 |
150,739 |
2.85%,
02/24/26
(a) |
150,000 |
145,123 |
2.38%,
10/06/26
(a) |
125,000 |
118,872 |
2.63%,
03/19/27
(a) |
100,000 |
94,961 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.00%,
10/15/27
(a) |
300,000 |
288,505 |
3.60%,
02/18/28
(a) |
100,000 |
98,033 |
4.45%,
05/15/28
(a) |
150,000 |
152,908 |
Pfizer
Investment Enterprises Pte. Ltd. | ||
4.65%,
05/19/25
|
400,000 |
399,159 |
4.45%,
05/19/26
(a) |
450,000 |
448,874 |
4.45%,
05/19/28
(a) |
600,000 |
600,305 |
Pfizer,
Inc. | ||
0.80%,
05/28/25
(a) |
100,000 |
94,676 |
2.75%,
06/03/26
|
200,000 |
191,926 |
3.00%,
12/15/26
|
250,000 |
241,085 |
3.60%,
09/15/28
(a) |
200,000 |
194,936 |
Pharmacia
LLC | ||
6.60%,
12/01/28
(d) |
100,000 |
109,270 |
Philip
Morris International, Inc. | ||
1.50%,
05/01/25
(a) |
175,000 |
167,382 |
3.38%,
08/11/25
(a) |
150,000 |
146,512 |
4.88%,
02/13/26
|
200,000 |
200,669 |
2.75%,
02/25/26
(a) |
150,000 |
143,839 |
0.88%,
05/01/26
(a) |
150,000 |
137,462 |
3.13%,
08/17/27
(a) |
100,000 |
95,276 |
5.13%,
11/17/27
(a) |
250,000 |
254,653 |
4.88%,
02/15/28
(a) |
250,000 |
253,085 |
5.25%,
09/07/28
(a) |
100,000 |
103,010 |
Procter
& Gamble Co. | ||
0.55%,
10/29/25
|
175,000 |
163,623 |
2.70%,
02/02/26
|
100,000 |
96,709 |
1.00%,
04/23/26
|
150,000 |
139,343 |
2.45%,
11/03/26
|
175,000 |
167,309 |
1.90%,
02/01/27
|
175,000 |
163,361 |
2.80%,
03/25/27
|
125,000 |
119,815 |
2.85%,
08/11/27
|
150,000 |
143,768 |
Providence
St Joseph Health Obligated Group | ||
2.75%,
10/01/26
(a) |
100,000 |
94,166 |
Quest
Diagnostics, Inc. | ||
3.50%,
03/30/25
(a) |
50,000 |
48,965 |
3.45%,
06/01/26
(a) |
100,000 |
97,333 |
Reynolds
American, Inc. | ||
4.45%,
06/12/25
(a) |
275,000 |
271,997 |
Royalty
Pharma PLC | ||
1.20%,
09/02/25
(a) |
175,000 |
163,415 |
1.75%,
09/02/27
(a) |
150,000 |
134,720 |
Sanofi
SA | ||
3.63%,
06/19/28
(a) |
150,000 |
147,171 |
Shire
Acquisitions Investments Ireland DAC | ||
3.20%,
09/23/26
(a) |
450,000 |
433,146 |
SSM
Health Care Corp. | ||
3.82%,
06/01/27
(a) |
125,000 |
121,448 |
Stryker
Corp. | ||
1.15%,
06/15/25
(a) |
100,000 |
94,638 |
3.38%,
11/01/25
(a) |
125,000 |
121,746 |
3.50%,
03/15/26
(a) |
150,000 |
146,406 |
3.65%,
03/07/28
(a) |
100,000 |
96,906 |
4.85%,
12/08/28
(a) |
75,000 |
75,899 |
Sutter
Health | ||
1.32%,
08/15/25
(a) |
125,000 |
117,017 |
Sysco
Corp. | ||
3.75%,
10/01/25
(a) |
125,000 |
122,266 |
3.30%,
07/15/26
(a) |
150,000 |
145,018 |
3.25%,
07/15/27
(a) |
100,000 |
95,735 |
Takeda
Pharmaceutical Co. Ltd. | ||
5.00%,
11/26/28
(a) |
250,000 |
253,891 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Thermo
Fisher Scientific, Inc. | ||
5.00%,
12/05/26
(a) |
150,000 |
152,463 |
4.80%,
11/21/27
(a) |
125,000 |
127,526 |
1.75%,
10/15/28
(a) |
100,000 |
89,256 |
Tyson
Foods, Inc. | ||
4.00%,
03/01/26
(a) |
125,000 |
122,672 |
3.55%,
06/02/27
(a) |
200,000 |
191,071 |
Unilever
Capital Corp. | ||
3.38%,
03/22/25
(a) |
50,000 |
49,192 |
2.00%,
07/28/26
|
150,000 |
141,466 |
2.90%,
05/05/27
(a) |
175,000 |
167,178 |
3.50%,
03/22/28
(a) |
150,000 |
145,580 |
4.88%,
09/08/28
(a) |
150,000 |
154,360 |
Universal
Health Services, Inc. | ||
1.65%,
09/01/26
(a) |
125,000 |
113,862 |
UPMC | ||
3.60%,
04/03/25
|
135,000 |
132,065 |
Utah
Acquisition Sub, Inc. | ||
3.95%,
06/15/26
(a) |
350,000 |
339,026 |
Viatris,
Inc. | ||
1.65%,
06/22/25
(a) |
125,000 |
118,409 |
2.30%,
06/22/27
(a) |
100,000 |
90,882 |
Whirlpool
Corp. | ||
3.70%,
05/01/25
|
75,000 |
73,383 |
Zimmer
Biomet Holdings, Inc. | ||
3.55%,
04/01/25
(a) |
175,000 |
171,447 |
5.35%,
12/01/28
(a) |
100,000 |
103,050 |
Zoetis,
Inc. | ||
4.50%,
11/13/25
(a) |
100,000 |
99,592 |
5.40%,
11/14/25
(a) |
125,000 |
126,088 |
3.00%,
09/12/27
(a) |
150,000 |
142,530 |
|
|
45,208,520 |
Energy
5.5%
| ||
Baker
Hughes Holdings LLC/Baker Hughes Co.-Obligor,
Inc. | ||
2.06%,
12/15/26
(a) |
100,000 |
93,562 |
3.34%,
12/15/27
(a) |
200,000 |
191,527 |
Boardwalk
Pipelines LP | ||
5.95%,
06/01/26
(a) |
100,000 |
101,487 |
4.45%,
07/15/27
(a) |
75,000 |
73,632 |
BP
Capital Markets America, Inc. | ||
3.80%,
09/21/25
(a) |
150,000 |
148,028 |
3.41%,
02/11/26
(a) |
100,000 |
97,724 |
3.12%,
05/04/26
(a) |
200,000 |
193,647 |
3.02%,
01/16/27
(a) |
100,000 |
95,873 |
3.54%,
04/06/27
(a) |
75,000 |
73,066 |
3.59%,
04/14/27
(a) |
125,000 |
121,376 |
3.94%,
09/21/28
(a) |
100,000 |
98,052 |
4.23%,
11/06/28
(a) |
300,000 |
298,521 |
BP
Capital Markets PLC | ||
3.28%,
09/19/27
(a) |
250,000 |
240,711 |
3.72%,
11/28/28
(a) |
150,000 |
145,662 |
Canadian
Natural Resources Ltd. | ||
3.90%,
02/01/25
(a) |
50,000 |
49,202 |
2.05%,
07/15/25
(a) |
150,000 |
143,050 |
3.85%,
06/01/27
(a) |
200,000 |
194,297 |
Cenovus
Energy, Inc. | ||
4.25%,
04/15/27
(a) |
50,000 |
48,962 |
Cheniere
Corpus Christi Holdings LLC | ||
5.88%,
03/31/25
(a) |
225,000 |
225,618 |
5.13%,
06/30/27
(a) |
200,000 |
201,011 |
Cheniere
Energy, Inc. | ||
4.63%,
10/15/28
(a) |
225,000 |
219,682 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Chevron
Corp. | ||
1.55%,
05/11/25
(a) |
350,000 |
335,713 |
3.33%,
11/17/25
(a) |
100,000 |
98,106 |
2.95%,
05/16/26
(a) |
300,000 |
290,331 |
2.00%,
05/11/27
(a) |
175,000 |
162,608 |
Chevron
USA, Inc. | ||
0.69%,
08/12/25
(a) |
175,000 |
164,636 |
1.02%,
08/12/27
(a) |
150,000 |
133,706 |
3.85%,
01/15/28
(a) |
100,000 |
98,753 |
Columbia
Pipeline Group, Inc. | ||
4.50%,
06/01/25
(a) |
175,000 |
172,979 |
ConocoPhillips
Co. | ||
2.40%,
03/07/25
(a) |
50,000 |
48,598 |
Continental
Resources, Inc. | ||
4.38%,
01/15/28
(a) |
150,000 |
145,346 |
Coterra
Energy, Inc. | ||
3.90%,
05/15/27
(a) |
125,000 |
120,963 |
DCP
Midstream Operating LP | ||
5.38%,
07/15/25
(a) |
100,000 |
100,160 |
5.63%,
07/15/27
(a) |
100,000 |
102,569 |
Devon
Energy Corp. | ||
5.85%,
12/15/25
(a) |
75,000 |
75,933 |
5.25%,
10/15/27
(a) |
75,000 |
75,651 |
5.88%,
06/15/28
(a)(c) |
50,000 |
50,503 |
Diamondback
Energy, Inc. | ||
3.25%,
12/01/26
(a) |
150,000 |
145,542 |
Enbridge,
Inc. | ||
2.50%,
01/15/25
(a) |
50,000 |
48,528 |
5.97%,
03/08/26
(a) |
100,000 |
100,109 |
1.60%,
10/04/26
(a) |
100,000 |
91,635 |
4.25%,
12/01/26
(a) |
150,000 |
148,265 |
3.70%,
07/15/27
(a) |
100,000 |
96,698 |
6.00%,
11/15/28
(a) |
150,000 |
157,707 |
Energy
Transfer LP | ||
4.05%,
03/15/25
(a) |
175,000 |
172,320 |
5.75%,
04/01/25
(a) |
100,000 |
100,045 |
2.90%,
05/15/25
(a) |
150,000 |
145,554 |
5.95%,
12/01/25
(a) |
50,000 |
50,606 |
4.75%,
01/15/26
(a) |
150,000 |
149,076 |
3.90%,
07/15/26
(a) |
100,000 |
97,262 |
6.05%,
12/01/26
(a) |
100,000 |
102,826 |
4.40%,
03/15/27
(a) |
150,000 |
146,869 |
4.20%,
04/15/27
(a) |
100,000 |
97,287 |
5.50%,
06/01/27
(a) |
150,000 |
152,087 |
4.00%,
10/01/27
(a) |
100,000 |
96,527 |
5.55%,
02/15/28
(a) |
150,000 |
153,460 |
4.95%,
05/15/28
(a) |
150,000 |
149,562 |
4.95%,
06/15/28
(a) |
100,000 |
99,832 |
Enterprise
Products Operating LLC | ||
3.75%,
02/15/25
(a) |
185,000 |
182,630 |
3.70%,
02/15/26
(a) |
200,000 |
197,268 |
3.95%,
02/15/27
(a) |
100,000 |
98,525 |
4.15%,
10/16/28
(a) |
150,000 |
148,388 |
5.25%,
08/16/77
(a)(b) |
250,000 |
240,371 |
5.38%,
02/15/78
(a)(b) |
25,000 |
22,456 |
EOG
Resources, Inc. | ||
3.15%,
04/01/25
(a) |
75,000 |
73,578 |
4.15%,
01/15/26
(a) |
125,000 |
123,927 |
EQT
Corp. | ||
6.63%,
02/01/25
(a)(f) |
100,000 |
100,415 |
3.90%,
10/01/27
(a) |
175,000 |
167,694 |
5.70%,
04/01/28
(a) |
100,000 |
101,812 |
Exxon
Mobil Corp. | ||
2.71%,
03/06/25
(a) |
250,000 |
244,341 |
2.99%,
03/19/25
(a) |
430,000 |
421,388 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.04%,
03/01/26
(a) |
375,000 |
364,387 |
2.28%,
08/16/26
(a) |
150,000 |
142,816 |
3.29%,
03/19/27
(a) |
150,000 |
145,703 |
Halliburton
Co. | ||
3.80%,
11/15/25
(a) |
100,000 |
98,126 |
Hess
Corp. | ||
4.30%,
04/01/27
(a) |
150,000 |
148,576 |
HF
Sinclair Corp. | ||
5.88%,
04/01/26
(a) |
150,000 |
151,695 |
6.38%,
04/15/27
(a)(c) |
50,000 |
50,479 |
Kinder
Morgan, Inc. | ||
4.30%,
06/01/25
(a) |
225,000 |
222,411 |
1.75%,
11/15/26
(a) |
75,000 |
69,065 |
4.30%,
03/01/28
(a) |
150,000 |
148,247 |
Magellan
Midstream Partners LP | ||
5.00%,
03/01/26
(a) |
100,000 |
99,849 |
Marathon
Oil Corp. | ||
4.40%,
07/15/27
(a) |
150,000 |
146,548 |
Marathon
Petroleum Corp. | ||
4.70%,
05/01/25
(a) |
250,000 |
248,395 |
5.13%,
12/15/26
(a) |
135,000 |
136,665 |
MPLX
LP | ||
4.00%,
02/15/25
(a) |
70,000 |
68,992 |
4.88%,
06/01/25
(a) |
175,000 |
173,986 |
1.75%,
03/01/26
(a) |
250,000 |
234,057 |
4.13%,
03/01/27
(a) |
175,000 |
171,514 |
4.25%,
12/01/27
(a) |
100,000 |
97,814 |
4.00%,
03/15/28
(a) |
200,000 |
193,259 |
National
Fuel Gas Co. | ||
5.20%,
07/15/25
(a) |
75,000 |
74,701 |
5.50%,
01/15/26
(a) |
200,000 |
200,323 |
4.75%,
09/01/28
(a) |
75,000 |
73,003 |
Northwest
Pipeline LLC | ||
4.00%,
04/01/27
(a) |
125,000 |
123,717 |
Occidental
Petroleum Corp. | ||
5.88%,
09/01/25
(a) |
100,000 |
100,735 |
5.50%,
12/01/25
(a) |
75,000 |
75,189 |
5.55%,
03/15/26
(a) |
150,000 |
151,277 |
8.50%,
07/15/27
(a) |
100,000 |
109,171 |
6.38%,
09/01/28
(a) |
50,000 |
52,746 |
ONEOK
Partners LP | ||
4.90%,
03/15/25
(a) |
75,000 |
74,657 |
ONEOK,
Inc. | ||
2.20%,
09/15/25
(a) |
125,000 |
119,025 |
5.85%,
01/15/26
(a) |
70,000 |
71,134 |
4.00%,
07/13/27
(a) |
100,000 |
97,204 |
4.55%,
07/15/28
(a) |
175,000 |
172,862 |
5.65%,
11/01/28
(a) |
100,000 |
103,407 |
Ovintiv,
Inc. | ||
5.65%,
05/15/25
|
50,000 |
50,223 |
5.38%,
01/01/26
(a) |
125,000 |
125,153 |
5.65%,
05/15/28
(a) |
100,000 |
102,150 |
Phillips
66 | ||
3.85%,
04/09/25
(a) |
100,000 |
98,447 |
1.30%,
02/15/26
(a) |
50,000 |
46,445 |
3.90%,
03/15/28
(a) |
100,000 |
97,434 |
Phillips
66 Co. | ||
3.61%,
02/15/25
(a) |
70,000 |
68,809 |
3.55%,
10/01/26
(a) |
25,000 |
24,252 |
4.95%,
12/01/27
(a) |
100,000 |
101,037 |
3.75%,
03/01/28
(a) |
150,000 |
144,533 |
Pioneer
Natural Resources Co. | ||
1.13%,
01/15/26
(a) |
150,000 |
139,450 |
5.10%,
03/29/26
|
150,000 |
151,119 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
4.65%,
10/15/25
(a) |
175,000 |
173,176 |
4.50%,
12/15/26
(a) |
100,000 |
98,883 |
Sabine
Pass Liquefaction LLC | ||
5.63%,
03/01/25
(a) |
250,000 |
250,514 |
5.88%,
06/30/26
(a) |
250,000 |
254,539 |
5.00%,
03/15/27
(a) |
250,000 |
251,251 |
4.20%,
03/15/28
(a) |
200,000 |
196,085 |
Schlumberger
Finance Canada Ltd. | ||
1.40%,
09/17/25
(a) |
75,000 |
71,084 |
Schlumberger
Investment SA | ||
4.50%,
05/15/28
(a) |
100,000 |
101,172 |
Shell
International Finance BV | ||
3.25%,
05/11/25
|
350,000 |
343,525 |
2.88%,
05/10/26
|
275,000 |
265,002 |
2.50%,
09/12/26
|
225,000 |
214,328 |
3.88%,
11/13/28
(a) |
225,000 |
221,781 |
Spectra
Energy Partners LP | ||
3.50%,
03/15/25
(a) |
125,000 |
122,323 |
3.38%,
10/15/26
(a) |
100,000 |
96,359 |
Targa
Resources Corp. | ||
5.20%,
07/01/27
(a) |
125,000 |
125,766 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
6.50%,
07/15/27
(a) |
125,000 |
127,041 |
5.00%,
01/15/28
(a) |
100,000 |
98,917 |
TC
PipeLines LP | ||
4.38%,
03/13/25
(a) |
75,000 |
74,114 |
3.90%,
05/25/27
(a) |
75,000 |
72,078 |
Tennessee
Gas Pipeline Co. LLC | ||
7.00%,
03/15/27
|
75,000 |
79,221 |
7.00%,
10/15/28
|
100,000 |
108,489 |
TotalEnergies
Capital International SA | ||
2.43%,
01/10/25
(a) |
150,000 |
146,391 |
TotalEnergies
Capital SA | ||
3.88%,
10/11/28
|
150,000 |
147,402 |
TransCanada
PipeLines Ltd. | ||
4.88%,
01/15/26
(a) |
125,000 |
124,750 |
6.20%,
03/09/26
(a) |
150,000 |
149,989 |
4.25%,
05/15/28
(a) |
225,000 |
219,372 |
Transcontinental
Gas Pipe Line Co. LLC | ||
7.85%,
02/01/26
(a) |
250,000 |
262,227 |
4.00%,
03/15/28
(a) |
100,000 |
97,066 |
Valero
Energy Corp. | ||
2.15%,
09/15/27
(a) |
75,000 |
68,596 |
4.35%,
06/01/28
(a) |
100,000 |
98,701 |
Valero
Energy Partners LP | ||
4.50%,
03/15/28
(a) |
75,000 |
73,800 |
Western
Midstream Operating LP | ||
3.10%,
02/01/25
(a)(d) |
100,000 |
97,458 |
4.65%,
07/01/26
(a) |
75,000 |
73,779 |
4.50%,
03/01/28
(a) |
50,000 |
48,461 |
4.75%,
08/15/28
(a) |
75,000 |
73,405 |
Williams
Cos., Inc. | ||
3.90%,
01/15/25
(a) |
125,000 |
123,103 |
4.00%,
09/15/25
(a) |
150,000 |
147,356 |
3.75%,
06/15/27
(a) |
200,000 |
192,935 |
5.30%,
08/15/28
(a) |
125,000 |
128,098 |
|
|
21,335,159 |
Industrial
Other 0.1%
| ||
Cintas
Corp. No. 2 | ||
3.70%,
04/01/27
(a) |
200,000 |
195,809 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Jacobs
Engineering Group, Inc. | ||
6.35%,
08/18/28
(a) |
50,000 |
52,294 |
Leland
Stanford Junior University | ||
1.29%,
06/01/27
(a) |
75,000 |
67,921 |
Yale
University | ||
0.87%,
04/15/25
(a) |
75,000 |
71,367 |
|
|
387,391 |
Technology
8.8%
| ||
Adobe,
Inc. | ||
1.90%,
02/01/25
(a) |
95,000 |
92,150 |
3.25%,
02/01/25
(a) |
225,000 |
221,222 |
2.15%,
02/01/27
(a) |
50,000 |
46,944 |
Alphabet,
Inc. | ||
2.00%,
08/15/26
(a) |
325,000 |
307,005 |
0.80%,
08/15/27
(a) |
175,000 |
156,502 |
Analog
Devices, Inc. | ||
2.95%,
04/01/25
(a) |
75,000 |
73,447 |
3.50%,
12/05/26
(a) |
175,000 |
171,172 |
1.70%,
10/01/28
(a) |
100,000 |
88,966 |
Apple,
Inc. | ||
2.75%,
01/13/25
(a) |
210,000 |
205,903 |
2.50%,
02/09/25
|
150,000 |
146,377 |
1.13%,
05/11/25
(a) |
400,000 |
381,486 |
3.20%,
05/13/25
|
300,000 |
294,180 |
0.55%,
08/20/25
(a) |
200,000 |
188,126 |
0.70%,
02/08/26
(a) |
400,000 |
370,684 |
3.25%,
02/23/26
(a) |
525,000 |
512,592 |
4.42%,
05/08/26
(a) |
100,000 |
100,104 |
2.45%,
08/04/26
(a) |
350,000 |
334,065 |
2.05%,
09/11/26
(a) |
300,000 |
283,016 |
3.35%,
02/09/27
(a) |
375,000 |
365,589 |
3.20%,
05/11/27
(a) |
325,000 |
314,793 |
3.00%,
06/20/27
(a) |
125,000 |
120,259 |
2.90%,
09/12/27
(a) |
350,000 |
335,187 |
3.00%,
11/13/27
(a) |
200,000 |
192,068 |
1.20%,
02/08/28
(a) |
375,000 |
333,937 |
4.00%,
05/10/28
(a) |
225,000 |
224,575 |
1.40%,
08/05/28
(a) |
300,000 |
266,004 |
Applied
Materials, Inc. | ||
3.90%,
10/01/25
(a) |
100,000 |
98,704 |
3.30%,
04/01/27
(a) |
185,000 |
179,441 |
Arrow
Electronics, Inc. | ||
4.00%,
04/01/25
(a) |
75,000 |
73,634 |
3.88%,
01/12/28
(a) |
75,000 |
71,282 |
Autodesk,
Inc. | ||
4.38%,
06/15/25
(a) |
50,000 |
49,663 |
3.50%,
06/15/27
(a) |
75,000 |
72,885 |
Automatic
Data Processing, Inc. | ||
3.38%,
09/15/25
(a) |
150,000 |
147,112 |
1.70%,
05/15/28
(a) |
160,000 |
144,483 |
Avnet,
Inc. | ||
4.63%,
04/15/26
(a) |
100,000 |
98,824 |
6.25%,
03/15/28
(a) |
75,000 |
77,816 |
Baidu,
Inc. | ||
3.08%,
04/07/25
(a) |
150,000 |
146,079 |
1.72%,
04/09/26
(a) |
200,000 |
185,816 |
1.63%,
02/23/27
(a) |
200,000 |
181,230 |
Broadcom
Corp./Broadcom Cayman Finance Ltd. | ||
3.13%,
01/15/25
(a) |
90,000 |
88,401 |
3.88%,
01/15/27
(a) |
450,000 |
439,341 |
3.50%,
01/15/28
(a) |
150,000 |
143,995 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Broadcom,
Inc. | ||
3.15%,
11/15/25
(a) |
155,000 |
150,264 |
3.46%,
09/15/26
(a) |
125,000 |
120,859 |
4.11%,
09/15/28
(a) |
175,000 |
171,078 |
Broadridge
Financial Solutions, Inc. | ||
3.40%,
06/27/26
(a) |
75,000 |
72,385 |
CDW
LLC/CDW Finance Corp. | ||
4.13%,
05/01/25
(a) |
110,000 |
107,935 |
2.67%,
12/01/26
(a) |
200,000 |
187,325 |
4.25%,
04/01/28
(a) |
100,000 |
95,961 |
CGI,
Inc. | ||
1.45%,
09/14/26
(a) |
100,000 |
90,745 |
Cisco
Systems, Inc. | ||
3.50%,
06/15/25
|
200,000 |
197,404 |
2.95%,
02/28/26
|
125,000 |
121,114 |
2.50%,
09/20/26
(a) |
100,000 |
95,421 |
Concentrix
Corp. | ||
6.65%,
08/02/26
(a) |
100,000 |
102,601 |
6.60%,
08/02/28
(a) |
125,000 |
128,963 |
Dell
International LLC/EMC Corp. | ||
5.85%,
07/15/25
(a) |
150,000 |
151,575 |
6.02%,
06/15/26
(a) |
500,000 |
512,042 |
4.90%,
10/01/26
(a) |
255,000 |
255,536 |
6.10%,
07/15/27
(a) |
75,000 |
78,186 |
5.25%,
02/01/28
(a) |
150,000 |
153,959 |
Dell,
Inc. | ||
7.10%,
04/15/28
|
75,000 |
80,955 |
DXC
Technology Co. | ||
1.80%,
09/15/26
(a) |
125,000 |
114,215 |
2.38%,
09/15/28
(a) |
75,000 |
65,673 |
Equifax,
Inc. | ||
2.60%,
12/15/25
(a) |
50,000 |
47,734 |
5.10%,
12/15/27
(a) |
125,000 |
126,412 |
5.10%,
06/01/28
(a) |
110,000 |
111,109 |
Equinix,
Inc. | ||
1.25%,
07/15/25
(a) |
100,000 |
94,221 |
1.00%,
09/15/25
(a) |
125,000 |
116,783 |
1.45%,
05/15/26
(a) |
125,000 |
115,616 |
2.90%,
11/18/26
(a) |
100,000 |
95,151 |
1.80%,
07/15/27
(a) |
75,000 |
68,060 |
1.55%,
03/15/28
(a) |
100,000 |
87,999 |
2.00%,
05/15/28
(a) |
50,000 |
44,746 |
FactSet
Research Systems, Inc. | ||
2.90%,
03/01/27
(a) |
75,000 |
70,652 |
Fidelity
National Information Services, Inc. | ||
4.50%,
07/15/25
|
100,000 |
99,146 |
1.15%,
03/01/26
(a) |
200,000 |
184,991 |
4.70%,
07/15/27
(a) |
100,000 |
100,114 |
1.65%,
03/01/28
(a) |
100,000 |
89,286 |
Fiserv,
Inc. | ||
3.85%,
06/01/25
(a) |
150,000 |
147,383 |
3.20%,
07/01/26
(a) |
300,000 |
288,884 |
2.25%,
06/01/27
(a) |
150,000 |
139,036 |
5.45%,
03/02/28
(a) |
150,000 |
154,690 |
5.38%,
08/21/28
(a) |
100,000 |
103,002 |
4.20%,
10/01/28
(a) |
150,000 |
146,894 |
Flex
Ltd. | ||
4.75%,
06/15/25
(a) |
100,000 |
98,784 |
3.75%,
02/01/26
(a) |
100,000 |
96,931 |
6.00%,
01/15/28
(a) |
75,000 |
77,624 |
Fortinet,
Inc. | ||
1.00%,
03/15/26
(a) |
100,000 |
91,713 |
Genpact
Luxembourg SARL/Genpact USA, Inc. | ||
1.75%,
04/10/26
(a) |
75,000 |
69,781 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Global
Payments, Inc. | ||
2.65%,
02/15/25
(a) |
150,000 |
145,392 |
1.20%,
03/01/26
(a) |
175,000 |
160,896 |
4.80%,
04/01/26
(a) |
125,000 |
124,057 |
2.15%,
01/15/27
(a) |
100,000 |
92,128 |
4.95%,
08/15/27
(a) |
75,000 |
75,250 |
4.45%,
06/01/28
(a) |
75,000 |
73,084 |
Hewlett
Packard Enterprise Co. | ||
4.90%,
10/15/25
(a) |
400,000 |
398,824 |
1.75%,
04/01/26
(a) |
100,000 |
93,193 |
6.10%,
04/01/26
(a) |
75,000 |
75,113 |
5.25%,
07/01/28
(a) |
125,000 |
128,001 |
HP,
Inc. | ||
2.20%,
06/17/25
(a) |
150,000 |
143,801 |
1.45%,
06/17/26
(a) |
100,000 |
92,159 |
3.00%,
06/17/27
(a) |
150,000 |
141,888 |
4.75%,
01/15/28
(a) |
125,000 |
125,326 |
Intel
Corp. | ||
3.40%,
03/25/25
(a) |
150,000 |
147,527 |
3.70%,
07/29/25
(a) |
375,000 |
369,222 |
4.88%,
02/10/26
|
250,000 |
251,927 |
2.60%,
05/19/26
(a) |
200,000 |
191,544 |
3.75%,
03/25/27
(a) |
150,000 |
147,066 |
3.15%,
05/11/27
(a) |
150,000 |
144,330 |
3.75%,
08/05/27
(a) |
250,000 |
245,146 |
4.88%,
02/10/28
(a) |
300,000 |
305,075 |
International
Business Machines Corp. | ||
7.00%,
10/30/25
|
150,000 |
156,375 |
3.45%,
02/19/26
|
275,000 |
268,098 |
3.30%,
05/15/26
|
500,000 |
485,801 |
2.20%,
02/09/27
(a) |
110,000 |
102,508 |
1.70%,
05/15/27
(a) |
200,000 |
182,775 |
4.15%,
07/27/27
(a) |
100,000 |
98,940 |
6.22%,
08/01/27
|
75,000 |
79,149 |
6.50%,
01/15/28
|
100,000 |
107,122 |
4.50%,
02/06/28
(a) |
200,000 |
201,194 |
Intuit,
Inc. | ||
0.95%,
07/15/25
(a) |
175,000 |
165,019 |
1.35%,
07/15/27
(a) |
75,000 |
67,747 |
5.13%,
09/15/28
(a) |
150,000 |
155,293 |
Jabil,
Inc. | ||
1.70%,
04/15/26
(a) |
75,000 |
69,496 |
4.25%,
05/15/27
(a) |
75,000 |
73,160 |
3.95%,
01/12/28
(a) |
100,000 |
95,466 |
Juniper
Networks, Inc. | ||
1.20%,
12/10/25
(a) |
75,000 |
69,549 |
Keysight
Technologies, Inc. | ||
4.60%,
04/06/27
(a) |
125,000 |
124,749 |
Kyndryl
Holdings, Inc. | ||
2.05%,
10/15/26
(a) |
100,000 |
91,194 |
2.70%,
10/15/28
(a) |
50,000 |
44,165 |
Lam
Research Corp. | ||
3.80%,
03/15/25
(a) |
65,000 |
64,209 |
3.75%,
03/15/26
(a) |
100,000 |
98,290 |
Leidos,
Inc. | ||
3.63%,
05/15/25
(a) |
60,000 |
58,557 |
Marvell
Technology, Inc. | ||
1.65%,
04/15/26
(a) |
75,000 |
69,863 |
2.45%,
04/15/28
(a) |
100,000 |
90,564 |
4.88%,
06/22/28
(a) |
100,000 |
99,659 |
Mastercard,
Inc. | ||
2.00%,
03/03/25
(a) |
125,000 |
121,215 |
2.95%,
11/21/26
(a) |
125,000 |
120,606 |
3.30%,
03/26/27
(a) |
150,000 |
145,541 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.50%,
02/26/28
(a) |
75,000 |
73,353 |
4.88%,
03/09/28
(a) |
135,000 |
139,385 |
Microchip
Technology, Inc. | ||
4.25%,
09/01/25
(a) |
200,000 |
196,969 |
Micron
Technology, Inc. | ||
4.98%,
02/06/26
(a) |
75,000 |
75,127 |
4.19%,
02/15/27
(a) |
150,000 |
147,220 |
5.38%,
04/15/28
(a) |
100,000 |
101,943 |
Microsoft
Corp. | ||
2.70%,
02/12/25
(a) |
340,000 |
332,847 |
3.13%,
11/03/25
(a) |
450,000 |
439,723 |
2.40%,
08/08/26
(a) |
600,000 |
572,990 |
3.40%,
09/15/26
(a)(c) |
150,000 |
146,356 |
3.30%,
02/06/27
(a) |
550,000 |
536,293 |
3.40%,
06/15/27
(a)(c) |
50,000 |
48,629 |
Moody's
Corp. | ||
3.75%,
03/24/25
(a) |
100,000 |
98,480 |
3.25%,
01/15/28
(a) |
20,000 |
19,107 |
Motorola
Solutions, Inc. | ||
4.60%,
02/23/28
(a) |
100,000 |
99,561 |
NetApp,
Inc. | ||
1.88%,
06/22/25
(a) |
125,000 |
118,995 |
2.38%,
06/22/27
(a) |
50,000 |
46,477 |
Nokia
OYJ | ||
4.38%,
06/12/27
|
75,000 |
72,878 |
NVIDIA
Corp. | ||
3.20%,
09/16/26
(a) |
175,000 |
170,398 |
1.55%,
06/15/28
(a) |
175,000 |
156,864 |
NXP
BV/NXP Funding LLC | ||
5.35%,
03/01/26
(a) |
25,000 |
25,132 |
5.55%,
12/01/28
(a) |
100,000 |
102,972 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%,
05/01/25
(a) |
100,000 |
96,408 |
3.88%,
06/18/26
(a) |
75,000 |
73,153 |
3.15%,
05/01/27
(a) |
100,000 |
95,010 |
4.40%,
06/01/27
(a) |
100,000 |
98,872 |
Oracle
Corp. | ||
2.50%,
04/01/25
(a) |
510,000 |
494,013 |
2.95%,
05/15/25
(a) |
350,000 |
340,047 |
5.80%,
11/10/25
|
150,000 |
152,519 |
1.65%,
03/25/26
(a) |
425,000 |
396,643 |
2.65%,
07/15/26
(a) |
450,000 |
426,956 |
2.80%,
04/01/27
(a) |
350,000 |
330,272 |
3.25%,
11/15/27
(a) |
400,000 |
380,121 |
2.30%,
03/25/28
(a) |
300,000 |
273,411 |
4.50%,
05/06/28
(a) |
115,000 |
115,075 |
PayPal
Holdings, Inc. | ||
1.65%,
06/01/25
(a) |
150,000 |
143,231 |
2.65%,
10/01/26
(a) |
175,000 |
166,340 |
3.90%,
06/01/27
(a) |
100,000 |
98,602 |
QUALCOMM,
Inc. | ||
3.45%,
05/20/25
(a) |
200,000 |
196,596 |
3.25%,
05/20/27
(a) |
315,000 |
305,248 |
1.30%,
05/20/28
(a) |
125,000 |
110,801 |
Roper
Technologies, Inc. | ||
1.00%,
09/15/25
(a) |
125,000 |
116,924 |
3.85%,
12/15/25
(a) |
25,000 |
24,565 |
3.80%,
12/15/26
(a) |
100,000 |
97,906 |
1.40%,
09/15/27
(a) |
150,000 |
134,291 |
4.20%,
09/15/28
(a) |
100,000 |
98,389 |
S&P
Global, Inc. | ||
2.95%,
01/22/27
(a) |
75,000 |
71,663 |
2.45%,
03/01/27
(a) |
200,000 |
188,674 |
4.75%,
08/01/28
(a) |
100,000 |
101,667 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Salesforce,
Inc. | ||
3.70%,
04/11/28
(a) |
250,000 |
245,177 |
1.50%,
07/15/28
(a) |
125,000 |
111,314 |
Skyworks
Solutions, Inc. | ||
1.80%,
06/01/26
(a) |
125,000 |
116,597 |
TD
SYNNEX Corp. | ||
1.75%,
08/09/26
(a) |
100,000 |
90,910 |
2.38%,
08/09/28
(a) |
100,000 |
87,994 |
Texas
Instruments, Inc. | ||
1.38%,
03/12/25
(a) |
125,000 |
120,315 |
1.13%,
09/15/26
(a) |
50,000 |
45,986 |
2.90%,
11/03/27
(a) |
100,000 |
95,532 |
4.60%,
02/15/28
(a) |
75,000 |
76,377 |
Thomson
Reuters Corp. | ||
3.35%,
05/15/26
(a) |
100,000 |
96,342 |
Trimble,
Inc. | ||
4.90%,
06/15/28
(a) |
100,000 |
100,715 |
TSMC
Arizona Corp. | ||
1.75%,
10/25/26
(a) |
200,000 |
184,598 |
3.88%,
04/22/27
(a) |
150,000 |
146,986 |
Tyco
Electronics Group SA | ||
3.70%,
02/15/26
(a) |
125,000 |
122,501 |
3.13%,
08/15/27
(a) |
85,000 |
81,264 |
VeriSign,
Inc. | ||
5.25%,
04/01/25
(a) |
50,000 |
50,040 |
4.75%,
07/15/27
(a) |
100,000 |
99,150 |
Verisk
Analytics, Inc. | ||
4.00%,
06/15/25
(a) |
150,000 |
148,055 |
Visa,
Inc. | ||
3.15%,
12/14/25
(a) |
600,000 |
585,591 |
1.90%,
04/15/27
(a) |
300,000 |
279,442 |
0.75%,
08/15/27
(a) |
75,000 |
66,419 |
2.75%,
09/15/27
(a) |
125,000 |
119,104 |
VMware
LLC | ||
4.50%,
05/15/25
(a) |
100,000 |
99,065 |
1.40%,
08/15/26
(a) |
275,000 |
251,613 |
3.90%,
08/21/27
(a) |
250,000 |
242,945 |
1.80%,
08/15/28
(a) |
100,000 |
87,880 |
Western
Union Co. | ||
2.85%,
01/10/25
(a) |
100,000 |
97,192 |
1.35%,
03/15/26
(a) |
100,000 |
92,072 |
Workday,
Inc. | ||
3.50%,
04/01/27
(a) |
150,000 |
145,193 |
|
|
34,358,715 |
Transportation
1.4%
| ||
American
Airlines 2015-1 Class A Pass-Through Trust | ||
3.38%,
11/01/28
|
115,053 |
105,456 |
American
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%,
07/15/29
|
66,689 |
61,998 |
American
Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%,
12/15/29
|
101,175 |
92,777 |
BNSF
Funding Trust I | ||
6.61%,
12/15/55
(a)(b) |
75,000 |
73,302 |
Burlington
Northern Santa Fe LLC | ||
3.00%,
04/01/25
(a) |
100,000 |
97,846 |
3.65%,
09/01/25
(a) |
50,000 |
49,158 |
7.00%,
12/15/25
|
50,000 |
52,271 |
3.25%,
06/15/27
(a) |
75,000 |
72,424 |
Canadian
National Railway Co. | ||
2.75%,
03/01/26
(a) |
75,000 |
72,284 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Canadian
Pacific Railway Co. | ||
2.90%,
02/01/25
(a) |
140,000 |
136,501 |
1.75%,
12/02/26
(a) |
175,000 |
161,561 |
4.00%,
06/01/28
(a) |
100,000 |
97,917 |
CH
Robinson Worldwide, Inc. | ||
4.20%,
04/15/28
(a) |
100,000 |
96,897 |
CSX
Corp. | ||
3.35%,
11/01/25
(a) |
100,000 |
97,556 |
2.60%,
11/01/26
(a) |
115,000 |
109,573 |
3.25%,
06/01/27
(a) |
150,000 |
144,781 |
3.80%,
03/01/28
(a) |
100,000 |
98,282 |
Delta
Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%,
12/10/29
|
118,608 |
105,477 |
FedEx
Corp. | ||
3.25%,
04/01/26
(a) |
125,000 |
120,967 |
3.40%,
02/15/28
(a) |
75,000 |
72,012 |
4.20%,
10/17/28
(a) |
50,000 |
49,226 |
GXO
Logistics, Inc. | ||
1.65%,
07/15/26
(a) |
75,000 |
67,902 |
JB
Hunt Transport Services, Inc. | ||
3.88%,
03/01/26
(a) |
125,000 |
122,434 |
Kirby
Corp. | ||
4.20%,
03/01/28
(a) |
75,000 |
72,521 |
Norfolk
Southern Corp. | ||
2.90%,
06/15/26
(a) |
150,000 |
144,030 |
7.80%,
05/15/27
|
100,000 |
109,954 |
3.80%,
08/01/28
(a) |
75,000 |
73,130 |
Ryder
System, Inc. | ||
4.63%,
06/01/25
(a) |
100,000 |
99,341 |
3.35%,
09/01/25
(a) |
65,000 |
63,104 |
1.75%,
09/01/26
(a) |
25,000 |
23,057 |
2.90%,
12/01/26
(a) |
100,000 |
94,460 |
2.85%,
03/01/27
(a) |
100,000 |
94,041 |
4.30%,
06/15/27
(a) |
50,000 |
48,959 |
5.25%,
06/01/28
(a) |
150,000 |
152,155 |
Southwest
Airlines Co. | ||
5.25%,
05/04/25
(a) |
225,000 |
225,171 |
3.00%,
11/15/26
(a) |
50,000 |
47,519 |
5.13%,
06/15/27
(a) |
305,000 |
306,579 |
3.45%,
11/16/27
(a) |
50,000 |
47,405 |
Union
Pacific Corp. | ||
3.25%,
01/15/25
(a) |
65,000 |
63,823 |
3.75%,
07/15/25
(a) |
75,000 |
73,851 |
3.25%,
08/15/25
(a) |
75,000 |
73,375 |
4.75%,
02/21/26
(a) |
75,000 |
75,523 |
2.75%,
03/01/26
(a) |
110,000 |
106,081 |
2.15%,
02/05/27
(a) |
75,000 |
70,157 |
3.00%,
04/15/27
(a) |
75,000 |
71,784 |
3.95%,
09/10/28
(a) |
150,000 |
149,075 |
United
Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%,
02/15/27
|
110,650 |
106,872 |
United
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%,
01/07/30
|
102,510 |
93,710 |
United
Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%,
04/15/29
|
355,841 |
359,986 |
United
Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%,
07/15/27
|
91,200 |
88,646 |
United
Parcel Service, Inc. | ||
3.90%,
04/01/25
(a) |
150,000 |
148,364 |
2.40%,
11/15/26
(a) |
75,000 |
71,393 |
3.05%,
11/15/27
(a) |
155,000 |
148,618 |
|
|
5,461,286 |
|
|
190,006,301 |
|
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Utility
5.6% | ||
Electric
5.1%
| ||
AEP
Texas, Inc. | ||
3.95%,
06/01/28
(a) |
75,000 |
72,391 |
AES
Corp. | ||
1.38%,
01/15/26
(a) |
150,000 |
138,884 |
5.45%,
06/01/28
(a) |
125,000 |
127,164 |
Alabama
Power Co. | ||
3.75%,
09/01/27
(a) |
100,000 |
97,975 |
Ameren
Corp. | ||
3.65%,
02/15/26
(a) |
175,000 |
170,148 |
1.95%,
03/15/27
(a) |
100,000 |
91,773 |
1.75%,
03/15/28
(a) |
50,000 |
44,276 |
Ameren
Illinois Co. | ||
3.25%,
03/01/25
(a) |
50,000 |
49,080 |
3.80%,
05/15/28
(a) |
25,000 |
24,378 |
American
Electric Power Co., Inc. | ||
1.00%,
11/01/25
(a) |
100,000 |
93,011 |
5.75%,
11/01/27
(a) |
200,000 |
207,182 |
4.30%,
12/01/28
(a) |
100,000 |
97,843 |
3.88%,
02/15/62
(a)(b) |
125,000 |
106,059 |
Appalachian
Power Co. | ||
3.40%,
06/01/25
(a) |
75,000 |
73,399 |
Arizona
Public Service Co. | ||
3.15%,
05/15/25
(a) |
75,000 |
73,141 |
Avangrid,
Inc. | ||
3.20%,
04/15/25
(a) |
140,000 |
136,246 |
Berkshire
Hathaway Energy Co. | ||
3.50%,
02/01/25
(a) |
30,000 |
29,553 |
4.05%,
04/15/25
(a) |
150,000 |
148,370 |
3.25%,
04/15/28
(a) |
75,000 |
71,305 |
Black
Hills Corp. | ||
3.95%,
01/15/26
(a) |
75,000 |
73,277 |
3.15%,
01/15/27
(a) |
100,000 |
95,047 |
5.95%,
03/15/28
(a) |
25,000 |
25,932 |
CenterPoint
Energy Houston Electric LLC | ||
2.40%,
09/01/26
(a) |
75,000 |
70,806 |
5.20%,
10/01/28
(a) |
100,000 |
103,304 |
CenterPoint
Energy, Inc. | ||
1.45%,
06/01/26
(a) |
100,000 |
92,241 |
5.25%,
08/10/26
|
100,000 |
101,029 |
Cleco
Corporate Holdings LLC | ||
3.74%,
05/01/26
(a) |
75,000 |
72,475 |
CMS
Energy Corp. | ||
3.00%,
05/15/26
(a) |
100,000 |
95,598 |
3.45%,
08/15/27
(a) |
50,000 |
47,664 |
Commonwealth
Edison Co. | ||
2.55%,
06/15/26
(a) |
75,000 |
71,560 |
2.95%,
08/15/27
(a) |
50,000 |
47,361 |
3.70%,
08/15/28
(a) |
100,000 |
96,846 |
Connecticut
Light & Power Co. | ||
0.75%,
12/01/25
(a) |
100,000 |
92,719 |
3.20%,
03/15/27
(a) |
175,000 |
168,189 |
Consolidated
Edison Co. of New York, Inc. | ||
3.80%,
05/15/28
(a) |
175,000 |
169,582 |
Constellation
Energy Generation LLC | ||
3.25%,
06/01/25
(a) |
150,000 |
145,804 |
5.60%,
03/01/28
(a) |
150,000 |
154,584 |
Dominion
Energy, Inc. | ||
3.30%,
03/15/25
(a) |
50,000 |
48,861 |
3.90%,
10/01/25
(a) |
125,000 |
122,734 |
1.45%,
04/15/26
(a) |
100,000 |
92,811 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.85%,
08/15/26
(a) |
75,000 |
70,813 |
3.60%,
03/15/27
(a) |
50,000 |
48,054 |
4.25%,
06/01/28
(a) |
100,000 |
98,421 |
DTE
Electric Co. | ||
3.38%,
03/01/25
(a) |
50,000 |
49,164 |
1.90%,
04/01/28
(a) |
100,000 |
90,080 |
DTE
Energy Co. | ||
1.05%,
06/01/25
(a) |
150,000 |
141,464 |
2.85%,
10/01/26
(a) |
100,000 |
94,619 |
4.88%,
06/01/28
(a) |
100,000 |
100,966 |
Duke
Energy Carolinas LLC | ||
2.95%,
12/01/26
(a) |
125,000 |
120,824 |
6.00%,
12/01/28
|
50,000 |
52,892 |
Duke
Energy Corp. | ||
0.90%,
09/15/25
(a) |
100,000 |
93,341 |
2.65%,
09/01/26
(a) |
250,000 |
237,370 |
3.15%,
08/15/27
(a) |
100,000 |
94,648 |
5.00%,
12/08/27
(a) |
150,000 |
151,932 |
4.30%,
03/15/28
(a) |
216,000 |
213,058 |
3.25%,
01/15/82
(a)(b) |
100,000 |
78,351 |
Duke
Energy Florida LLC | ||
3.20%,
01/15/27
(a) |
100,000 |
96,782 |
Duke
Energy Progress LLC | ||
3.25%,
08/15/25
(a) |
100,000 |
97,767 |
3.70%,
09/01/28
(a) |
71,000 |
68,969 |
Edison
International | ||
4.95%,
04/15/25
(a) |
90,000 |
89,462 |
4.70%,
08/15/25
|
75,000 |
74,159 |
5.75%,
06/15/27
(a) |
100,000 |
102,291 |
4.13%,
03/15/28
(a) |
100,000 |
96,777 |
5.25%,
11/15/28
(a) |
100,000 |
100,794 |
Emera
U.S. Finance LP | ||
3.55%,
06/15/26
(a) |
125,000 |
120,504 |
Enel
Americas SA | ||
4.00%,
10/25/26
(a) |
100,000 |
97,562 |
Enel
Chile SA | ||
4.88%,
06/12/28
(a) |
150,000 |
148,069 |
Entergy
Arkansas LLC | ||
3.50%,
04/01/26
(a) |
50,000 |
48,676 |
4.00%,
06/01/28
(a) |
50,000 |
48,685 |
Entergy
Corp. | ||
0.90%,
09/15/25
(a) |
175,000 |
163,076 |
2.95%,
09/01/26
(a) |
100,000 |
95,129 |
1.90%,
06/15/28
(a) |
100,000 |
88,688 |
Entergy
Louisiana LLC | ||
2.40%,
10/01/26
(a) |
100,000 |
93,782 |
3.25%,
04/01/28
(a) |
175,000 |
164,622 |
Evergy
Metro, Inc. | ||
3.65%,
08/15/25
(a) |
75,000 |
73,409 |
Eversource
Energy | ||
3.15%,
01/15/25
(a) |
75,000 |
73,342 |
0.80%,
08/15/25
(a) |
75,000 |
69,984 |
1.40%,
08/15/26
(a) |
75,000 |
68,490 |
2.90%,
03/01/27
(a) |
100,000 |
94,788 |
4.60%,
07/01/27
(a) |
150,000 |
149,034 |
3.30%,
01/15/28
(a) |
100,000 |
94,978 |
5.45%,
03/01/28
(a) |
150,000 |
154,331 |
Exelon
Corp. | ||
3.95%,
06/15/25
(a) |
125,000 |
122,958 |
3.40%,
04/15/26
(a) |
150,000 |
145,371 |
2.75%,
03/15/27
(a) |
125,000 |
117,821 |
5.15%,
03/15/28
(a) |
150,000 |
152,314 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Florida
Power & Light Co. | ||
2.85%,
04/01/25
(a) |
200,000 |
195,349 |
3.13%,
12/01/25
(a) |
100,000 |
97,335 |
3.30%,
05/30/27
(a) |
100,000 |
95,878 |
5.05%,
04/01/28
(a) |
175,000 |
179,157 |
4.40%,
05/15/28
(a) |
100,000 |
100,256 |
Fortis,
Inc. | ||
3.06%,
10/04/26
(a) |
140,000 |
133,120 |
Georgia
Power Co. | ||
3.25%,
03/30/27
(a) |
75,000 |
71,759 |
4.65%,
05/16/28
(a) |
125,000 |
126,118 |
Iberdrola
International BV | ||
5.81%,
03/15/25
|
50,000 |
50,275 |
Indiana
Michigan Power Co. | ||
3.85%,
05/15/28
(a) |
100,000 |
96,663 |
Interstate
Power & Light Co. | ||
4.10%,
09/26/28
(a) |
75,000 |
72,972 |
ITC
Holdings Corp. | ||
3.25%,
06/30/26
(a) |
75,000 |
72,193 |
3.35%,
11/15/27
(a) |
100,000 |
95,261 |
Louisville
Gas & Electric Co. | ||
3.30%,
10/01/25
(a) |
50,000 |
48,824 |
MidAmerican
Energy Co. | ||
3.10%,
05/01/27
(a) |
75,000 |
71,864 |
Mississippi
Power Co. | ||
3.95%,
03/30/28
(a) |
80,000 |
77,796 |
National
Grid PLC | ||
5.60%,
06/12/28
(a) |
125,000 |
129,024 |
National
Rural Utilities Cooperative Finance Corp. | ||
2.85%,
01/27/25
(a) |
50,000 |
48,772 |
1.88%,
02/07/25
|
75,000 |
72,421 |
5.45%,
10/30/25
|
100,000 |
101,083 |
3.25%,
11/01/25
(a) |
100,000 |
97,175 |
4.45%,
03/13/26
(a) |
100,000 |
99,840 |
1.00%,
06/15/26
(a) |
100,000 |
91,865 |
3.05%,
04/25/27
(a) |
50,000 |
47,535 |
3.40%,
02/07/28
(a) |
150,000 |
144,080 |
4.80%,
03/15/28
(a) |
150,000 |
152,065 |
3.90%,
11/01/28
(a) |
100,000 |
97,267 |
5.25%,
04/20/46
(a)(b) |
75,000 |
71,827 |
NextEra
Energy Capital Holdings, Inc. | ||
6.05%,
03/01/25
|
300,000 |
302,879 |
4.45%,
06/20/25
|
100,000 |
99,149 |
5.75%,
09/01/25
|
200,000 |
202,171 |
1.88%,
01/15/27
(a) |
175,000 |
161,092 |
3.55%,
05/01/27
(a) |
250,000 |
241,104 |
4.63%,
07/15/27
(a) |
200,000 |
199,841 |
4.90%,
02/28/28
(a) |
200,000 |
201,929 |
1.90%,
06/15/28
(a) |
275,000 |
244,168 |
4.80%,
12/01/77
(a)(b) |
50,000 |
43,441 |
3.80%,
03/15/82
(a)(b) |
125,000 |
106,555 |
Oklahoma
Gas & Electric Co. | ||
3.80%,
08/15/28
(a) |
100,000 |
97,014 |
Oncor
Electric Delivery Co. LLC | ||
2.95%,
04/01/25
(a) |
75,000 |
73,225 |
0.55%,
10/01/25
(a) |
75,000 |
69,844 |
4.30%,
05/15/28
(a)(c) |
100,000 |
98,892 |
Pacific
Gas & Electric Co. | ||
4.95%,
06/08/25
|
50,000 |
49,715 |
3.50%,
06/15/25
(a) |
100,000 |
97,163 |
3.45%,
07/01/25
|
150,000 |
145,419 |
3.15%,
01/01/26
|
325,000 |
311,589 |
2.95%,
03/01/26
(a) |
100,000 |
94,939 |
3.30%,
03/15/27
(a) |
75,000 |
70,175 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.45%,
06/15/27
(a) |
100,000 |
100,888 |
2.10%,
08/01/27
(a) |
100,000 |
90,265 |
3.30%,
12/01/27
(a) |
125,000 |
116,903 |
3.00%,
06/15/28
(a) |
150,000 |
136,877 |
3.75%,
07/01/28
|
50,000 |
46,935 |
4.65%,
08/01/28
(a) |
100,000 |
96,284 |
PECO
Energy Co. | ||
3.15%,
10/15/25
(a) |
50,000 |
48,767 |
Pinnacle
West Capital Corp. | ||
1.30%,
06/15/25
(a) |
100,000 |
94,256 |
PPL
Capital Funding, Inc. | ||
3.10%,
05/15/26
(a) |
100,000 |
95,987 |
Public
Service Electric & Gas Co. | ||
0.95%,
03/15/26
(a) |
100,000 |
92,561 |
2.25%,
09/15/26
(a) |
50,000 |
47,195 |
3.70%,
05/01/28
(a) |
100,000 |
97,055 |
Public
Service Enterprise Group, Inc. | ||
0.80%,
08/15/25
(a) |
100,000 |
93,494 |
5.85%,
11/15/27
(a) |
100,000 |
104,252 |
5.88%,
10/15/28
(a) |
100,000 |
105,065 |
Puget
Energy, Inc. | ||
3.65%,
05/15/25
(a) |
50,000 |
48,795 |
2.38%,
06/15/28
(a) |
125,000 |
111,845 |
San
Diego Gas & Electric Co. | ||
2.50%,
05/15/26
(a) |
125,000 |
119,324 |
Sierra
Pacific Power Co. | ||
2.60%,
05/01/26
(a) |
100,000 |
95,308 |
Southern
California Edison Co. | ||
3.70%,
08/01/25
(a) |
150,000 |
147,025 |
1.20%,
02/01/26
(a) |
50,000 |
46,589 |
4.70%,
06/01/27
(a) |
100,000 |
100,700 |
5.85%,
11/01/27
(a) |
150,000 |
156,828 |
5.30%,
03/01/28
(a) |
150,000 |
154,152 |
5.65%,
10/01/28
(a) |
75,000 |
78,260 |
Southern
Co. | ||
5.15%,
10/06/25
|
100,000 |
100,356 |
3.25%,
07/01/26
(a) |
290,000 |
279,912 |
5.11%,
08/01/27
(d) |
100,000 |
101,579 |
4.85%,
06/15/28
(a) |
100,000 |
100,860 |
4.00%,
01/15/51
(a)(b) |
188,000 |
179,817 |
3.75%,
09/15/51
(a)(b) |
175,000 |
159,696 |
Southern
Power Co. | ||
4.15%,
12/01/25
(a) |
75,000 |
73,937 |
0.90%,
01/15/26
(a) |
100,000 |
92,246 |
Southwestern
Electric Power Co. | ||
1.65%,
03/15/26
(a) |
75,000 |
69,930 |
2.75%,
10/01/26
(a) |
205,000 |
192,935 |
System
Energy Resources, Inc. | ||
6.00%,
04/15/28
(a) |
100,000 |
102,342 |
Tucson
Electric Power Co. | ||
3.05%,
03/15/25
(a) |
50,000 |
48,793 |
Virginia
Electric & Power Co. | ||
3.15%,
01/15/26
(a) |
110,000 |
106,731 |
2.95%,
11/15/26
(a) |
50,000 |
47,867 |
3.50%,
03/15/27
(a) |
100,000 |
96,734 |
3.75%,
05/15/27
(a) |
100,000 |
97,753 |
3.80%,
04/01/28
(a) |
125,000 |
121,403 |
WEC
Energy Group, Inc. | ||
5.00%,
09/27/25
(a) |
100,000 |
99,940 |
4.75%,
01/09/26
(a) |
160,000 |
159,459 |
5.15%,
10/01/27
(a) |
100,000 |
101,625 |
1.38%,
10/15/27
(a) |
100,000 |
88,473 |
4.75%,
01/15/28
(a) |
100,000 |
100,124 |
2.20%,
12/15/28
(a) |
50,000 |
44,502 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Wisconsin
Electric Power Co. | ||
1.70%,
06/15/28
(a) |
50,000 |
44,502 |
Xcel
Energy, Inc. | ||
3.30%,
06/01/25
(a) |
100,000 |
97,724 |
3.35%,
12/01/26
(a) |
75,000 |
72,300 |
1.75%,
03/15/27
(a) |
100,000 |
91,398 |
4.00%,
06/15/28
(a) |
125,000 |
122,151 |
|
|
19,757,990 |
Natural
Gas 0.4%
| ||
Atmos
Energy Corp. | ||
3.00%,
06/15/27
(a) |
100,000 |
95,368 |
CenterPoint
Energy Resources Corp. | ||
5.25%,
03/01/28
(a) |
200,000 |
205,327 |
NiSource,
Inc. | ||
0.95%,
08/15/25
(a) |
185,000 |
173,021 |
3.49%,
05/15/27
(a) |
150,000 |
144,538 |
5.25%,
03/30/28
(a) |
155,000 |
158,429 |
Sempra | ||
3.30%,
04/01/25
(a) |
100,000 |
97,586 |
3.25%,
06/15/27
(a) |
150,000 |
142,294 |
3.40%,
02/01/28
(a) |
150,000 |
143,187 |
4.13%,
04/01/52
(a)(b) |
175,000 |
151,072 |
Southern
California Gas Co. | ||
3.20%,
06/15/25
(a) |
55,000 |
53,706 |
2.60%,
06/15/26
(a) |
100,000 |
95,475 |
2.95%,
04/15/27
(a) |
105,000 |
99,711 |
Southern
Co. Gas Capital Corp. | ||
3.25%,
06/15/26
(a) |
75,000 |
72,215 |
Southwest
Gas Corp. | ||
5.45%,
03/23/28
(a) |
125,000 |
128,137 |
|
|
1,760,066 |
Utility
Other 0.1%
| ||
American
Water Capital Corp. | ||
3.40%,
03/01/25
(a) |
60,000 |
58,796 |
2.95%,
09/01/27
(a) |
159,000 |
150,510 |
3.75%,
09/01/28
(a) |
100,000 |
96,403 |
United
Utilities PLC | ||
6.88%,
08/15/28
|
50,000 |
54,073 |
|
|
359,782 |
|
|
21,877,838 |
Total
Corporates
(Cost
$393,466,053) |
385,251,971 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.3%
OF NET ASSETS | ||
| ||
Money
Market Funds 0.3% | ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(h) |
797,161 |
797,161 |
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(h)(i) |
211,470 |
211,470 |
|
|
1,008,631 |
Total
Short-Term Investments
(Cost
$1,008,631) |
1,008,631 | |
Total
Investments in Securities
(Cost
$394,474,684) |
386,260,602 |
(a) |
The
effective maturity may be shorter than the final maturity shown because of
the
possibility of interim principal payments and prepayments or as the result
of
embedded
demand features (puts or calls). |
(b) |
Security
is in a fixed-rate coupon period. Based on index eligibility requirements
and
the fund’s investment objective this security will be removed from the
index
prior
to converting to a floating rate security. |
(c) |
Securities
exempt from registration under Rule 144A of the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from
registrations,
normally to qualified institutional buyers. At the period end, the
value
of these amounted to $1,972,189 or 0.5% of net
assets. |
(d) |
Step
up security that pays an initial coupon rate for a set period and
increased
coupon
rates at one or more preset intervals. Rate shown is as of period
end. |
(e) |
Issuer
is affiliated with the fund’s investment adviser. |
(f) |
Interest
rate is subject to adjustments from time to time if a nationally
recognized
statistical rating organization downgrades (or subsequently
upgrades)
the debt rating assigned to the bond. |
(g) |
All
or a portion of this security is on loan. Securities on loan were valued
at
$206,787. |
(h) |
The
rate shown is the annualized 7-day yield. |
(i) |
Security
purchased with cash collateral received for securities on
loan. |
REIT
— |
Real
Estate Investment Trust |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/22 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/23 |
FACE
AMOUNT
AT
12/31/23 |
INTEREST
INCOME
EARNED |
CORPORATES
0.4%
OF NET ASSETS | |||||||||
| |||||||||
Financial
Institutions 0.4% | |||||||||
Brokerage/Asset
Managers/Exchanges 0.4% | |||||||||
Charles
Schwab Corp. | |||||||||
3.55%,
02/01/24 |
$69,077 |
$— |
($69,175
) |
($2,799
) |
$3,095 |
($198
) |
$— |
$— |
$221 |
0.75%,
03/18/24 |
213,987 |
— |
(214,355
) |
(11,136
) |
11,635 |
(131
) |
— |
— |
413 |
3.75%,
04/01/24 |
29,568 |
— |
(29,480
) |
(2,317
) |
2,602 |
(373
) |
— |
— |
378 |
3.00%,
03/10/25 |
24,063 |
14,366 |
— |
— |
(87
) |
638 |
38,980 |
40,000 |
859 |
4.20%,
03/24/25 |
74,208 |
9,867 |
— |
— |
2,541 |
(2,548
) |
84,068 |
85,000 |
3,169 |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/22 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/23 |
FACE
AMOUNT
AT
12/31/23 |
INTEREST
INCOME
EARNED |
3.63%,
04/01/25 |
$48,759 |
$4,852 |
$— |
$— |
$1,797 |
($1,367
) |
$54,041 |
$55,000 |
$1,893 |
3.85%,
05/21/25 |
92,813 |
— |
— |
— |
3,332 |
(2,826
) |
93,319 |
95,000 |
3,657 |
3.45%,
02/13/26 |
29,083 |
— |
— |
— |
675 |
(660
) |
29,098 |
30,000 |
1,035 |
0.90%,
03/11/26 |
155,168 |
— |
— |
— |
5,185 |
169 |
160,522 |
175,000 |
1,575 |
1.15%,
05/13/26 |
133,481 |
9,121 |
(22,150
) |
(2,906
) |
6,376 |
(83
) |
123,839 |
135,000 |
1,539 |
5.88%,
08/24/26 |
— |
101,016 |
— |
— |
1,629 |
(28
) |
102,617 |
100,000 |
441 |
3.20%,
03/02/27 |
47,098 |
23,099 |
— |
— |
1,167 |
248 |
71,612 |
75,000 |
2,111 |
2.45%,
03/03/27 |
183,036 |
32,038 |
(22,682
) |
(1,753
) |
3,485 |
1,535 |
195,659 |
210,000 |
5,159 |
3.30%,
04/01/27 |
47,434 |
— |
— |
— |
222 |
85 |
47,741 |
50,000 |
1,650 |
3.20%,
01/25/28 |
— |
82,254 |
— |
— |
2,213 |
558 |
85,025 |
90,000 |
1,041 |
2.00%,
03/20/28 |
— |
139,070 |
— |
— |
1,116 |
2,447 |
142,633 |
160,000 |
2,014 |
5.64%,
05/19/29 |
— |
174,749 |
— |
— |
5,129 |
19 |
179,897 |
175,000 |
5,443 |
6.20%,
11/17/29 |
— |
178,885 |
— |
— |
5,150 |
(46
) |
183,989 |
175,000 |
693 |
Total |
$1,147,775 |
$769,317 |
($357,842
) |
($20,911
) |
$57,262 |
($2,561
) |
$1,593,040 |
|
$33,291 |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Corporates1
|
$— |
$385,251,971 |
$— |
$385,251,971 |
Short-Term
Investments1
|
1,008,631 |
— |
— |
1,008,631 |
Total |
$1,008,631 |
$385,251,971 |
$— |
$386,260,602 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - affiliated (cost
$1,627,948) |
|
$1,593,040 |
Investments
in securities, at value - unaffiliated (cost $392,846,736) including
securities on loan of $206,787 |
|
384,667,562 |
Deposit
with broker for futures contracts |
|
58,151 |
Receivables: |
|
|
Investments
sold |
|
4,877,181 |
Interest |
|
3,865,105 |
Dividends |
|
3,823 |
Income
from securities on loan |
+ |
662 |
Total
assets |
|
395,065,524 |
| ||
Liabilities | ||
Collateral
held for securities on loan |
|
211,470 |
Payables: |
|
|
Investments
bought |
|
5,670,781 |
Management
fees |
+ |
9,813 |
Total
liabilities |
|
5,892,064 |
Net
assets |
|
$389,173,460 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$404,054,044 |
Total
distributable loss |
+ |
(14,880,584
) |
Net
assets |
|
$389,173,460 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$389,173,460 |
|
8,050,000 |
|
$48.34 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$11,439,074 |
Dividends
received from securities - unaffiliated
|
|
44,001 |
Interest
received from securities - affiliated |
|
30,730 |
Securities
on loan, net |
+ |
3,197 |
Total
investment income
|
|
11,517,002 |
| ||
Expenses | ||
Management
fees |
|
112,381 |
Total
expenses |
– |
112,381 |
Net
investment income |
|
11,404,621 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(6,976
) |
Net
realized losses on sales of securities -
unaffiliated |
|
(4,617,728
) |
Net
realized losses on sales of in-kind redemptions -
affiliated |
|
(13,935
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
|
(1,506,402
) |
Net
realized losses on futures contracts |
+ |
(1,147
) |
Net
realized losses |
|
(6,146,188
) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
57,262 |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
|
17,378,110 |
Net
change in unrealized appreciation (depreciation) on futures
contracts |
+ |
(77
) |
Net
change in unrealized appreciation (depreciation) |
+ |
17,435,295 |
Net
realized and unrealized gains |
|
11,289,107 |
Increase
in net assets resulting from operations |
|
$22,693,728 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$11,404,621 |
$6,088,961 |
Net
realized losses |
|
(6,146,188
) |
(11,110,517
) |
Net
change in unrealized appreciation (depreciation) |
+ |
17,435,295 |
(20,747,758
) |
Increase
(decrease) in net assets resulting from operations |
|
$22,693,728 |
($25,769,314
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($11,400,855
) |
($6,101,610
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
1,550,000 |
$73,262,790 |
2,400,000 |
$114,378,641 |
Shares
redeemed |
+ |
(1,400,000
) |
(66,254,146
) |
(6,550,000
) |
(321,039,478
) |
Net
transactions in fund shares
|
|
150,000 |
$7,008,644 |
(4,150,000
) |
($206,660,837
) |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
7,900,000 |
$370,871,943 |
12,050,000 |
$609,403,704 |
Total
increase (decrease) |
+ |
150,000 |
18,301,517 |
(4,150,000
) |
(238,531,761
) |
End
of period |
|
8,050,000 |
$389,173,460 |
7,900,000 |
$370,871,943 |
|
1/1/23–
12/31/23 |
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
10/10/191–
12/31/19 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$43.19 |
$51.73 |
$53.69 |
$50.07 |
$50.00 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
2.19 |
1.35 |
1.02 |
1.26 |
0.29 |
|
Net
realized and unrealized gains (losses) |
1.52 |
(8.55
) |
(1.98
) |
3.60 |
0.04 |
|
Total
from investment operations |
3.71 |
(7.20
) |
(0.96
) |
4.86 |
0.33 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.92
) |
(1.34
) |
(1.00
) |
(1.24
) |
(0.26
) |
|
Net
asset value at end of period |
$44.98 |
$43.19 |
$51.73 |
$53.69 |
$50.07 |
|
Total
return |
8.84
% |
(14.00
%) |
(1.80
%) |
9.83
% |
0.67
%3 |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.03
% |
0.04
%4,5 |
0.05
%6 |
0.05
% |
0.06
%7,8 |
|
Net
investment income (loss) |
5.05
% |
2.97
% |
1.96
% |
2.43
% |
2.61
%7 |
|
Portfolio
turnover rate9
|
24
% |
10
% |
11
% |
36
% |
8
%3 |
|
Net
assets, end of period (x 1,000,000) |
$5,762 |
$328 |
$375 |
$191 |
$110 |
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
Not
annualized. |
4 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended December 31, 2022 is a blended
ratio. |
5 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
6 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for the period ended December 31, 2021 is
a blended ratio. |
7 |
Annualized. |
8 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended December 31, 2019 is a
blended ratio. |
9 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
98.9%
OF NET ASSETS | ||
| ||
Financial
Institutions 35.9% | ||
Banking
23.8%
| ||
Ally
Financial, Inc. | ||
6.85%,
01/03/30
(a)(b) |
2,400,000 |
2,469,062 |
8.00%,
11/01/31
|
6,350,000 |
6,959,117 |
8.00%,
11/01/31
(c) |
1,642,000 |
1,797,027 |
American
Express Co. | ||
4.05%,
05/03/29
(a) |
3,275,000 |
3,245,002 |
6.49%,
10/30/31
(a)(b) |
3,200,000 |
3,472,907 |
4.99%,
05/26/33
(a)(b) |
2,400,000 |
2,395,788 |
4.42%,
08/03/33
(a)(b) |
3,955,000 |
3,811,720 |
5.04%,
05/01/34
(a)(b) |
3,940,000 |
3,936,573 |
5.63%,
07/28/34
(a)(b) |
1,550,000 |
1,605,204 |
Banco
Bilbao Vizcaya Argentaria SA | ||
7.88%,
11/15/34
(a)(b) |
2,400,000 |
2,617,579 |
Banco
Santander SA | ||
3.31%,
06/27/29
|
3,200,000 |
2,955,722 |
3.49%,
05/28/30
|
3,200,000 |
2,885,906 |
2.75%,
12/03/30
|
4,800,000 |
3,990,736 |
2.96%,
03/25/31
|
2,400,000 |
2,065,880 |
3.23%,
11/22/32
(a)(b) |
3,200,000 |
2,678,346 |
6.92%,
08/08/33
|
6,400,000 |
6,833,373 |
6.94%,
11/07/33
|
4,800,000 |
5,343,668 |
Bank
of America Corp. | ||
3.97%,
02/07/30
(a)(b) |
9,570,000 |
9,082,777 |
3.19%,
07/23/30
(a)(b) |
7,900,000 |
7,168,309 |
2.88%,
10/22/30
(a)(b) |
6,505,000 |
5,778,537 |
2.50%,
02/13/31
(a)(b) |
11,250,000 |
9,675,546 |
2.59%,
04/29/31
(a)(b) |
9,690,000 |
8,357,224 |
1.90%,
07/23/31
(a)(b) |
8,555,000 |
6,997,537 |
1.92%,
10/24/31
(a)(b) |
8,275,000 |
6,729,798 |
2.65%,
03/11/32
(a)(b) |
6,000,000 |
5,075,102 |
2.69%,
04/22/32
(a)(b) |
14,350,000 |
12,130,233 |
2.30%,
07/21/32
(a)(b) |
11,520,000 |
9,415,859 |
2.57%,
10/20/32
(a)(b) |
10,480,000 |
8,702,057 |
2.97%,
02/04/33
(a)(b) |
11,950,000 |
10,165,214 |
4.57%,
04/27/33
(a)(b) |
12,925,000 |
12,340,101 |
5.02%,
07/22/33
(a)(b) |
15,855,000 |
15,693,536 |
5.29%,
04/25/34
(a)(b) |
15,760,000 |
15,824,602 |
5.87%,
09/15/34
(a)(b) |
11,950,000 |
12,528,513 |
2.48%,
09/21/36
(a)(b) |
6,575,000 |
5,219,580 |
3.85%,
03/08/37
(a)(b) |
7,898,000 |
6,947,206 |
Bank
of Montreal | ||
3.09%,
01/10/37
(a)(b) |
4,050,000 |
3,295,479 |
Bank
of New York Mellon Corp. | ||
1.90%,
01/25/29
(a) |
1,175,000 |
1,040,277 |
3.85%,
04/26/29
(a) |
1,065,000 |
1,038,144 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.30%,
08/23/29
(a) |
2,400,000 |
2,248,939 |
4.60%,
07/26/30
(a)(b) |
1,600,000 |
1,593,812 |
1.65%,
01/28/31
(a) |
1,600,000 |
1,330,779 |
1.80%,
07/28/31
(a) |
1,610,000 |
1,317,222 |
2.50%,
01/26/32
(a) |
1,475,000 |
1,263,346 |
4.29%,
06/13/33
(a)(b) |
2,550,000 |
2,438,087 |
5.83%,
10/25/33
(a)(b) |
4,760,000 |
5,050,781 |
4.71%,
02/01/34
(a)(b) |
2,500,000 |
2,448,222 |
4.97%,
04/26/34
(a)(b) |
2,930,000 |
2,921,137 |
6.47%,
10/25/34
(a)(b) |
3,500,000 |
3,882,563 |
Bank
of Nova Scotia | ||
4.85%,
02/01/30
|
3,955,000 |
3,947,886 |
2.15%,
08/01/31
|
2,155,000 |
1,790,503 |
2.45%,
02/02/32
|
2,675,000 |
2,244,385 |
4.59%,
05/04/37
(a)(b) |
3,950,000 |
3,539,191 |
BankUnited,
Inc. | ||
5.13%,
06/11/30
(a) |
940,000 |
865,860 |
Barclays
PLC | ||
5.09%,
06/20/30
(a)(b) |
4,900,000 |
4,752,755 |
2.65%,
06/24/31
(a)(b) |
3,200,000 |
2,704,282 |
2.67%,
03/10/32
(a)(b) |
3,075,000 |
2,540,352 |
2.89%,
11/24/32
(a)(b) |
4,127,000 |
3,400,308 |
5.75%,
08/09/33
(a)(b) |
3,175,000 |
3,206,059 |
7.44%,
11/02/33
(a)(b) |
6,145,000 |
6,897,981 |
6.22%,
05/09/34
(a)(b) |
6,750,000 |
7,007,909 |
7.12%,
06/27/34
(a)(b) |
4,730,000 |
5,036,954 |
6.69%,
09/13/34
(a)(b) |
4,600,000 |
4,925,162 |
3.56%,
09/23/35
(a)(b) |
3,144,000 |
2,700,712 |
Canadian
Imperial Bank of Commerce | ||
3.60%,
04/07/32
(a) |
3,180,000 |
2,903,918 |
6.09%,
10/03/33
(a) |
3,550,000 |
3,791,272 |
Capital
One Financial Corp. | ||
3.27%,
03/01/30
(a)(b) |
4,050,000 |
3,619,117 |
5.25%,
07/26/30
(a)(b) |
2,922,000 |
2,873,715 |
7.62%,
10/30/31
(a)(b) |
5,300,000 |
5,832,539 |
2.36%,
07/29/32
(a)(b) |
3,200,000 |
2,430,812 |
2.62%,
11/02/32
(a)(b) |
1,700,000 |
1,372,235 |
5.27%,
05/10/33
(a)(b) |
3,525,000 |
3,465,830 |
5.82%,
02/01/34
(a)(b) |
4,069,000 |
4,056,721 |
6.38%,
06/08/34
(a)(b) |
5,450,000 |
5,622,585 |
Citigroup,
Inc. | ||
3.98%,
03/20/30
(a)(b) |
7,905,000 |
7,505,971 |
2.98%,
11/05/30
(a)(b) |
7,050,000 |
6,290,235 |
2.67%,
01/29/31
(a)(b) |
7,400,000 |
6,429,534 |
4.41%,
03/31/31
(a)(b) |
12,620,000 |
12,093,601 |
2.57%,
06/03/31
(a)(b) |
11,035,000 |
9,441,371 |
2.56%,
05/01/32
(a)(b) |
9,850,000 |
8,223,541 |
6.63%,
06/15/32
|
3,250,000 |
3,539,490 |
2.52%,
11/03/32
(a)(b) |
5,350,000 |
4,419,124 |
3.06%,
01/25/33
(a)(b) |
9,600,000 |
8,206,711 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.88%,
02/22/33
|
1,600,000 |
1,672,789 |
3.79%,
03/17/33
(a)(b) |
9,628,000 |
8,672,611 |
4.91%,
05/24/33
(a)(b) |
8,095,000 |
7,935,163 |
6.00%,
10/31/33
|
2,150,000 |
2,269,522 |
6.27%,
11/17/33
(a)(b) |
8,555,000 |
9,160,112 |
6.17%,
05/25/34
(a)(b) |
10,200,000 |
10,579,800 |
Citizens
Financial Group, Inc. | ||
2.50%,
02/06/30
(a) |
1,010,000 |
850,299 |
3.25%,
04/30/30
(a) |
2,285,000 |
2,009,977 |
2.64%,
09/30/32
(a) |
1,950,000 |
1,509,980 |
5.64%,
05/21/37
(a)(b) |
1,260,000 |
1,168,517 |
Comerica
Bank | ||
5.33%,
08/25/33
(a)(b) |
1,550,000 |
1,431,379 |
Comerica,
Inc. | ||
4.00%,
02/01/29
(a) |
1,750,000 |
1,655,409 |
Credit
Suisse USA, Inc. | ||
7.13%,
07/15/32
(c) |
2,390,000 |
2,729,900 |
Deutsche
Bank AG | ||
5.88%,
07/08/31
(a)(b) |
1,500,000 |
1,465,285 |
3.55%,
09/18/31
(a)(b) |
4,795,000 |
4,214,654 |
3.73%,
01/14/32
(a)(b) |
4,000,000 |
3,362,835 |
3.04%,
05/28/32
(a)(b) |
2,955,000 |
2,472,437 |
3.74%,
01/07/33
(a)(b) |
3,890,000 |
3,200,676 |
7.08%,
02/10/34
(a)(b) |
4,900,000 |
5,042,320 |
Discover
Bank | ||
2.70%,
02/06/30
(a) |
1,450,000 |
1,230,436 |
Discover
Financial Services | ||
6.70%,
11/29/32
(a) |
2,400,000 |
2,516,460 |
7.96%,
11/02/34
(a)(b) |
3,250,000 |
3,617,225 |
Fifth
Third Bancorp | ||
4.77%,
07/28/30
(a)(b) |
3,135,000 |
3,078,113 |
4.34%,
04/25/33
(a)(b) |
1,985,000 |
1,848,971 |
First
Horizon Bank | ||
5.75%,
05/01/30
(a) |
1,500,000 |
1,420,811 |
Goldman
Sachs Group, Inc. | ||
2.60%,
02/07/30
(a) |
6,315,000 |
5,554,201 |
3.80%,
03/15/30
(a) |
7,975,000 |
7,502,200 |
1.99%,
01/27/32
(a)(b) |
7,850,000 |
6,357,600 |
2.62%,
04/22/32
(a)(b) |
11,975,000 |
10,064,114 |
2.38%,
07/21/32
(a)(b) |
12,785,000 |
10,517,796 |
2.65%,
10/21/32
(a)(b) |
9,630,000 |
8,034,346 |
6.13%,
02/15/33
|
3,300,000 |
3,628,684 |
3.10%,
02/24/33
(a)(b) |
12,630,000 |
10,850,087 |
6.56%,
10/24/34
(a)(b) |
3,950,000 |
4,350,590 |
HSBC
Holdings PLC | ||
4.95%,
03/31/30
|
7,950,000 |
7,886,817 |
3.97%,
05/22/30
(a)(b) |
9,600,000 |
8,979,246 |
2.85%,
06/04/31
(a)(b) |
5,000,000 |
4,309,313 |
2.36%,
08/18/31
(a)(b) |
4,660,000 |
3,871,641 |
2.80%,
05/24/32
(a)(b) |
9,555,000 |
7,984,576 |
2.87%,
11/22/32
(a)(b) |
5,685,000 |
4,736,999 |
4.76%,
03/29/33
(a)(b) |
6,275,000 |
5,851,779 |
5.40%,
08/11/33
(a)(b) |
7,595,000 |
7,637,261 |
8.11%,
11/03/33
(a)(b) |
6,430,000 |
7,410,208 |
6.25%,
03/09/34
(a)(b) |
7,400,000 |
7,848,055 |
6.55%,
06/20/34
(a)(b) |
6,275,000 |
6,570,028 |
7.40%,
11/13/34
(a)(b) |
6,400,000 |
7,027,223 |
Huntington
Bancshares, Inc. | ||
2.55%,
02/04/30
(a) |
2,225,000 |
1,907,036 |
5.02%,
05/17/33
(a)(b) |
1,155,000 |
1,124,926 |
2.49%,
08/15/36
(a)(b) |
1,890,000 |
1,433,795 |
Huntington
National Bank | ||
5.65%,
01/10/30
(a) |
2,975,000 |
3,012,923 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
ING
Groep NV | ||
4.05%,
04/09/29
|
2,875,000 |
2,780,659 |
2.73%,
04/01/32
(a)(b) |
2,450,000 |
2,103,483 |
4.25%,
03/28/33
(a)(b) |
3,375,000 |
3,168,012 |
6.11%,
09/11/34
(a)(b) |
4,100,000 |
4,315,518 |
JPMorgan
Chase & Co. | ||
3.70%,
05/06/30
(a)(b) |
8,050,000 |
7,577,419 |
4.57%,
06/14/30
(a)(b) |
6,395,000 |
6,258,682 |
8.75%,
09/01/30
|
1,650,000 |
1,988,604 |
2.74%,
10/15/30
(a)(b) |
12,025,000 |
10,700,779 |
4.49%,
03/24/31
(a)(b) |
9,600,000 |
9,369,849 |
2.52%,
04/22/31
(a)(b) |
8,750,000 |
7,578,016 |
2.96%,
05/13/31
(a)(b) |
9,610,000 |
8,460,479 |
1.76%,
11/19/31
(a)(b) |
4,425,000 |
3,594,842 |
1.95%,
02/04/32
(a)(b) |
9,630,000 |
7,840,171 |
2.58%,
04/22/32
(a)(b) |
11,090,000 |
9,391,036 |
2.55%,
11/08/32
(a)(b) |
9,570,000 |
8,001,028 |
2.96%,
01/25/33
(a)(b) |
11,135,000 |
9,550,698 |
4.59%,
04/26/33
(a)(b) |
7,800,000 |
7,532,974 |
4.91%,
07/25/33
(a)(b) |
14,330,000 |
14,178,674 |
5.72%,
09/14/33
(a)(b) |
11,155,000 |
11,544,697 |
5.35%,
06/01/34
(a)(b) |
14,305,000 |
14,541,948 |
6.25%,
10/23/34
(a)(b) |
9,700,000 |
10,524,790 |
KeyBank
NA | ||
3.90%,
04/13/29
|
1,200,000 |
1,056,882 |
4.90%,
08/08/32
|
2,300,000 |
2,035,664 |
5.00%,
01/26/33
(a) |
3,405,000 |
3,185,210 |
KeyCorp | ||
2.55%,
10/01/29
|
2,260,000 |
1,923,572 |
4.79%,
06/01/33
(a)(b) |
2,425,000 |
2,230,808 |
Lloyds
Banking Group PLC | ||
4.98%,
08/11/33
(a)(b) |
4,150,000 |
4,054,508 |
7.95%,
11/15/33
(a)(b) |
3,225,000 |
3,702,573 |
M&T
Bank Corp. | ||
5.05%,
01/27/34
(a)(b) |
3,095,000 |
2,938,377 |
Mitsubishi
UFJ Financial Group, Inc. | ||
3.74%,
03/07/29
|
4,720,000 |
4,514,825 |
3.20%,
07/18/29
|
5,425,000 |
4,989,980 |
2.56%,
02/25/30
|
3,640,000 |
3,190,141 |
2.05%,
07/17/30
|
3,860,000 |
3,241,639 |
5.48%,
02/22/31
(a)(b) |
1,700,000 |
1,742,473 |
2.31%,
07/20/32
(a)(b) |
5,675,000 |
4,719,272 |
2.49%,
10/13/32
(a)(b) |
2,290,000 |
1,924,448 |
2.85%,
01/19/33
(a)(b) |
3,475,000 |
2,982,200 |
4.32%,
04/19/33
(a)(b) |
2,050,000 |
1,960,898 |
5.13%,
07/20/33
(a)(b) |
4,850,000 |
4,929,745 |
5.47%,
09/13/33
(a)(b) |
2,450,000 |
2,541,855 |
5.44%,
02/22/34
(a)(b) |
3,950,000 |
4,088,324 |
5.41%,
04/19/34
(a)(b)(c) |
3,200,000 |
3,305,273 |
Mizuho
Financial Group, Inc. | ||
3.26%,
05/22/30
(a)(b) |
1,700,000 |
1,549,941 |
3.15%,
07/16/30
(a)(b) |
2,385,000 |
2,152,085 |
2.87%,
09/13/30
(a)(b) |
1,700,000 |
1,506,012 |
2.59%,
05/25/31
(a)(b) |
1,710,000 |
1,466,546 |
5.74%,
05/27/31
(a)(b) |
2,450,000 |
2,526,003 |
2.20%,
07/10/31
(a)(b) |
3,415,000 |
2,848,583 |
1.98%,
09/08/31
(a)(b) |
2,450,000 |
2,004,675 |
2.56%,
09/13/31
|
3,175,000 |
2,589,446 |
2.17%,
05/22/32
(a)(b) |
2,250,000 |
1,831,931 |
2.26%,
07/09/32
(a)(b) |
775,000 |
632,706 |
5.67%,
09/13/33
(a)(b) |
2,650,000 |
2,738,018 |
5.75%,
05/27/34
(a)(b) |
3,050,000 |
3,170,880 |
5.75%,
07/06/34
(a)(b) |
3,370,000 |
3,498,562 |
Morgan
Stanley | ||
4.43%,
01/23/30
(a)(b) |
9,595,000 |
9,349,876 |
2.70%,
01/22/31
(a)(b) |
11,250,000 |
9,867,964 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.62%,
04/01/31
(a)(b) |
9,525,000 |
8,782,254 |
1.79%,
02/13/32
(a)(b) |
8,800,000 |
7,032,783 |
7.25%,
04/01/32
|
3,185,000 |
3,759,104 |
1.93%,
04/28/32
(a)(b) |
8,000,000 |
6,436,322 |
2.24%,
07/21/32
(a)(b) |
11,085,000 |
9,062,248 |
2.51%,
10/20/32
(a)(b) |
7,950,000 |
6,596,324 |
2.94%,
01/21/33
(a)(b) |
7,800,000 |
6,639,893 |
4.89%,
07/20/33
(a)(b) |
6,425,000 |
6,272,728 |
6.34%,
10/18/33
(a)(b) |
9,470,000 |
10,210,997 |
5.25%,
04/21/34
(a)(b) |
10,540,000 |
10,546,548 |
5.42%,
07/21/34
(a)(b) |
7,910,000 |
8,033,762 |
6.63%,
11/01/34
(a)(b) |
6,400,000 |
7,094,134 |
2.48%,
09/16/36
(a)(b) |
9,705,000 |
7,708,646 |
5.30%,
04/20/37
(a)(b) |
6,300,000 |
6,135,436 |
5.95%,
01/19/38
(a)(b) |
6,375,000 |
6,457,710 |
NatWest
Group PLC | ||
5.08%,
01/27/30
(a)(b) |
5,600,000 |
5,531,109 |
4.45%,
05/08/30
(a)(b) |
4,050,000 |
3,880,290 |
6.02%,
03/02/34
(a)(b) |
3,100,000 |
3,264,251 |
3.03%,
11/28/35
(a)(b) |
2,730,000 |
2,275,153 |
Northern
Trust Corp. | ||
3.15%,
05/03/29
(a) |
1,650,000 |
1,557,846 |
1.95%,
05/01/30
(a) |
3,175,000 |
2,738,878 |
6.13%,
11/02/32
(a) |
3,105,000 |
3,337,358 |
PNC
Bank NA | ||
2.70%,
10/22/29
|
2,383,000 |
2,098,301 |
PNC
Financial Services Group, Inc. | ||
3.45%,
04/23/29
(a) |
4,796,000 |
4,545,611 |
2.55%,
01/22/30
(a) |
6,455,000 |
5,654,845 |
2.31%,
04/23/32
(a)(b) |
3,172,000 |
2,656,506 |
4.63%,
06/06/33
(a)(b) |
2,824,000 |
2,657,385 |
6.04%,
10/28/33
(a)(b) |
4,729,000 |
4,947,833 |
5.07%,
01/24/34
(a)(b) |
4,554,000 |
4,459,168 |
5.94%,
08/18/34
(a)(b) |
2,450,000 |
2,555,863 |
6.88%,
10/20/34
(a)(b) |
7,300,000 |
8,113,110 |
Royal
Bank of Canada | ||
2.30%,
11/03/31
|
4,705,000 |
3,974,445 |
3.88%,
05/04/32
|
3,185,000 |
3,006,415 |
5.00%,
02/01/33
|
5,410,000 |
5,508,274 |
5.00%,
05/02/33
|
2,900,000 |
2,956,361 |
Santander
Holdings USA, Inc. | ||
7.66%,
11/09/31
(a)(b) |
1,650,000 |
1,787,894 |
Santander
U.K. Group Holdings PLC | ||
2.90%,
03/15/32
(a)(b) |
1,950,000 |
1,680,603 |
State
Street Corp. | ||
2.40%,
01/24/30
|
2,455,000 |
2,194,418 |
2.20%,
03/03/31
|
2,650,000 |
2,211,398 |
3.15%,
03/30/31
(a)(b) |
1,450,000 |
1,309,038 |
2.62%,
02/07/33
(a)(b) |
1,750,000 |
1,476,228 |
4.42%,
05/13/33
(a)(b) |
1,500,000 |
1,460,995 |
4.16%,
08/04/33
(a)(b) |
2,450,000 |
2,311,354 |
4.82%,
01/26/34
(a)(b) |
2,475,000 |
2,441,130 |
5.16%,
05/18/34
(a)(b) |
3,180,000 |
3,209,110 |
3.03%,
11/01/34
(a)(b) |
1,525,000 |
1,369,661 |
6.12%,
11/21/34
(a)(b) |
1,700,000 |
1,807,017 |
Sumitomo
Mitsui Financial Group, Inc. | ||
2.47%,
01/14/29
|
1,500,000 |
1,336,402 |
3.04%,
07/16/29
|
7,940,000 |
7,254,276 |
3.20%,
09/17/29
|
1,700,000 |
1,547,180 |
2.72%,
09/27/29
|
1,500,000 |
1,333,558 |
5.71%,
01/13/30
|
4,195,000 |
4,360,379 |
2.75%,
01/15/30
|
4,025,000 |
3,562,242 |
2.13%,
07/08/30
|
4,850,000 |
4,090,505 |
5.85%,
07/13/30
|
1,865,000 |
1,950,993 |
2.14%,
09/23/30
|
2,795,000 |
2,325,317 |
1.71%,
01/12/31
|
1,775,000 |
1,434,717 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.22%,
09/17/31
|
3,175,000 |
2,622,701 |
5.77%,
01/13/33
|
5,700,000 |
6,029,467 |
5.78%,
07/13/33
|
2,030,000 |
2,153,188 |
5.81%,
09/14/33
|
2,900,000 |
3,091,320 |
Synchrony
Financial | ||
5.15%,
03/19/29
(a) |
2,060,000 |
2,005,760 |
2.88%,
10/28/31
(a) |
2,375,000 |
1,905,182 |
Toronto-Dominion
Bank | ||
2.00%,
09/10/31
|
2,700,000 |
2,246,700 |
2.45%,
01/12/32
|
2,065,000 |
1,734,173 |
3.20%,
03/10/32
|
4,750,000 |
4,212,905 |
4.46%,
06/08/32
|
6,470,000 |
6,291,373 |
Truist
Bank | ||
2.25%,
03/11/30
(a) |
4,050,000 |
3,368,891 |
Truist
Financial Corp. | ||
3.88%,
03/19/29
(a) |
2,075,000 |
1,945,265 |
1.95%,
06/05/30
(a) |
2,475,000 |
2,071,081 |
4.92%,
07/28/33
(a)(b) |
3,175,000 |
2,970,913 |
6.12%,
10/28/33
(a)(b) |
2,365,000 |
2,456,627 |
5.12%,
01/26/34
(a)(b) |
4,750,000 |
4,604,576 |
5.87%,
06/08/34
(a)(b) |
5,700,000 |
5,827,358 |
U.S.
Bancorp | ||
3.00%,
07/30/29
(a) |
3,055,000 |
2,768,768 |
1.38%,
07/22/30
(a) |
4,105,000 |
3,312,705 |
2.68%,
01/27/33
(a)(b) |
2,864,000 |
2,395,228 |
4.97%,
07/22/33
(a)(b) |
4,025,000 |
3,822,130 |
5.85%,
10/21/33
(a)(b) |
4,790,000 |
4,947,892 |
4.84%,
02/01/34
(a)(b) |
6,450,000 |
6,192,247 |
5.84%,
06/12/34
(a)(b) |
5,391,000 |
5,569,065 |
2.49%,
11/03/36
(a)(b) |
4,169,000 |
3,269,012 |
Webster
Financial Corp. | ||
4.10%,
03/25/29
(a) |
950,000 |
882,342 |
Wells
Fargo & Co. | ||
4.15%,
01/24/29
(a) |
7,832,000 |
7,624,846 |
7.95%,
11/15/29
|
975,000 |
1,094,857 |
2.88%,
10/30/30
(a)(b) |
11,100,000 |
9,869,158 |
2.57%,
02/11/31
(a)(b) |
9,580,000 |
8,292,616 |
4.48%,
04/04/31
(a)(b) |
8,025,000 |
7,767,707 |
3.35%,
03/02/33
(a)(b) |
12,700,000 |
11,111,615 |
4.90%,
07/25/33
(a)(b) |
13,400,000 |
13,068,670 |
5.39%,
04/24/34
(a)(b) |
12,050,000 |
12,107,051 |
5.56%,
07/25/34
(a)(b) |
13,505,000 |
13,766,817 |
6.49%,
10/23/34
(a)(b) |
10,450,000 |
11,387,622 |
Westpac
Banking Corp. | ||
2.65%,
01/16/30
|
2,170,000 |
1,945,990 |
2.15%,
06/03/31
|
3,375,000 |
2,855,319 |
5.41%,
08/10/33
(a)(b) |
3,125,000 |
3,106,940 |
6.82%,
11/17/33
|
2,450,000 |
2,665,394 |
4.11%,
07/24/34
(a)(b) |
3,900,000 |
3,581,069 |
2.67%,
11/15/35
(a)(b) |
4,755,000 |
3,873,388 |
3.02%,
11/18/36
(a)(b) |
4,085,000 |
3,322,606 |
Wintrust
Financial Corp. | ||
4.85%,
06/06/29
|
875,000 |
801,579 |
Zions
Bancorp NA | ||
3.25%,
10/29/29
(a) |
1,575,000 |
1,295,095 |
|
|
1,375,181,642 |
Brokerage/Asset
Managers/Exchanges 2.0%
| ||
Affiliated
Managers Group, Inc. | ||
3.30%,
06/15/30
(a) |
1,085,000 |
966,754 |
Ameriprise
Financial, Inc. | ||
4.50%,
05/13/32
(a) |
1,660,000 |
1,651,469 |
5.15%,
05/15/33
(a) |
2,475,000 |
2,554,151 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Apollo
Global Management, Inc. | ||
6.38%,
11/15/33
(a) |
1,650,000 |
1,779,822 |
BlackRock,
Inc. | ||
3.25%,
04/30/29
(a) |
3,125,000 |
3,007,523 |
2.40%,
04/30/30
(a) |
3,170,000 |
2,834,056 |
1.90%,
01/28/31
(a) |
3,980,000 |
3,360,687 |
2.10%,
02/25/32
(a) |
3,130,000 |
2,619,376 |
4.75%,
05/25/33
(a) |
4,040,000 |
4,085,473 |
Brookfield
Capital Finance LLC | ||
6.09%,
06/14/33
(a) |
1,750,000 |
1,830,428 |
Brookfield
Finance I U.K. PLC/Brookfield Finance, Inc. | ||
2.34%,
01/30/32
(a) |
1,845,000 |
1,478,648 |
Brookfield
Finance, Inc. | ||
4.85%,
03/29/29
(a) |
3,225,000 |
3,210,459 |
4.35%,
04/15/30
(a) |
2,395,000 |
2,310,355 |
2.72%,
04/15/31
(a) |
1,675,000 |
1,430,435 |
Cboe
Global Markets, Inc. | ||
1.63%,
12/15/30
(a) |
1,675,000 |
1,380,156 |
3.00%,
03/16/32
(a) |
900,000 |
799,749 |
Charles
Schwab Corp. | ||
4.00%,
02/01/29
(a)(d) |
1,865,000 |
1,813,161 |
3.25%,
05/22/29
(a)(d) |
1,855,000 |
1,740,882 |
2.75%,
10/01/29
(a)(d) |
1,400,000 |
1,262,336 |
4.63%,
03/22/30
(a)(d) |
1,545,000 |
1,553,795 |
1.65%,
03/11/31
(a)(d) |
2,275,000 |
1,837,061 |
2.30%,
05/13/31
(a)(d) |
2,295,000 |
1,919,612 |
1.95%,
12/01/31
(a)(d) |
2,575,000 |
2,073,565 |
2.90%,
03/03/32
(a)(d) |
3,070,000 |
2,651,015 |
5.85%,
05/19/34
(a)(b)(d) |
4,100,000 |
4,234,320 |
6.14%,
08/24/34
(a)(b)(d) |
4,265,000 |
4,506,881 |
CI
Financial Corp. | ||
3.20%,
12/17/30
(a) |
3,135,000 |
2,481,725 |
CME
Group, Inc. | ||
2.65%,
03/15/32
(a) |
2,540,000 |
2,258,918 |
Franklin
Resources, Inc. | ||
1.60%,
10/30/30
(a) |
2,710,000 |
2,218,521 |
Intercontinental
Exchange, Inc. | ||
4.35%,
06/15/29
(a) |
3,860,000 |
3,847,799 |
2.10%,
06/15/30
(a) |
4,140,000 |
3,582,023 |
1.85%,
09/15/32
(a) |
4,840,000 |
3,886,763 |
4.60%,
03/15/33
(a) |
4,805,000 |
4,801,038 |
Jefferies
Financial Group, Inc. | ||
4.15%,
01/23/30
|
3,210,000 |
3,020,066 |
2.63%,
10/15/31
(a) |
3,295,000 |
2,737,846 |
2.75%,
10/15/32
(a) |
1,670,000 |
1,374,594 |
Lazard
Group LLC | ||
4.38%,
03/11/29
(a) |
1,635,000 |
1,591,632 |
Nasdaq,
Inc. | ||
1.65%,
01/15/31
(a) |
2,125,000 |
1,725,977 |
Nomura
Holdings, Inc. | ||
2.71%,
01/22/29
|
1,600,000 |
1,418,516 |
5.61%,
07/06/29
|
1,850,000 |
1,892,089 |
3.10%,
01/16/30
|
4,710,000 |
4,167,903 |
2.68%,
07/16/30
|
3,300,000 |
2,813,076 |
2.61%,
07/14/31
|
3,250,000 |
2,699,942 |
3.00%,
01/22/32
|
2,610,000 |
2,203,977 |
6.18%,
01/18/33
(c) |
2,300,000 |
2,454,267 |
6.09%,
07/12/33
|
1,750,000 |
1,861,112 |
Raymond
James Financial, Inc. | ||
4.65%,
04/01/30
(a) |
1,635,000 |
1,649,270 |
Stifel
Financial Corp. | ||
4.00%,
05/15/30
(a) |
1,265,000 |
1,152,132 |
|
|
114,731,355 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Finance
Companies 0.7%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
6.15%,
09/30/30
(a) |
3,025,000 |
3,193,189 |
3.30%,
01/30/32
(a) |
12,875,000 |
11,219,612 |
3.40%,
10/29/33
(a) |
4,300,000 |
3,696,149 |
Air
Lease Corp. | ||
3.25%,
10/01/29
(a) |
1,660,000 |
1,502,810 |
3.00%,
02/01/30
(a) |
2,200,000 |
1,952,930 |
3.13%,
12/01/30
(a) |
2,490,000 |
2,182,748 |
2.88%,
01/15/32
(a) |
2,355,000 |
1,997,739 |
ARES
Capital Corp. | ||
3.20%,
11/15/31
(a) |
2,055,000 |
1,721,258 |
Blackstone
Private Credit Fund | ||
4.00%,
01/15/29
(a) |
1,905,000 |
1,741,272 |
Blue
Owl Credit Income Corp. | ||
7.75%,
01/15/29
(a)(e) |
1,700,000 |
1,753,379 |
FS
KKR Capital Corp. | ||
7.88%,
01/15/29
(a) |
1,200,000 |
1,273,881 |
GATX
Corp. | ||
4.70%,
04/01/29
(a) |
1,465,000 |
1,454,416 |
4.00%,
06/30/30
(a) |
1,695,000 |
1,593,888 |
1.90%,
06/01/31
(a) |
1,275,000 |
1,018,571 |
3.50%,
06/01/32
(a) |
1,375,000 |
1,204,756 |
4.90%,
03/15/33
(a) |
1,170,000 |
1,148,620 |
5.45%,
09/15/33
(a) |
1,400,000 |
1,413,247 |
Oaktree
Specialty Lending Corp. | ||
7.10%,
02/15/29
(a) |
1,000,000 |
1,032,154 |
|
|
41,100,619 |
Financial
Other 0.1%
| ||
ORIX
Corp. | ||
2.25%,
03/09/31
(c) |
1,625,000 |
1,389,721 |
4.00%,
04/13/32
|
1,500,000 |
1,410,470 |
5.20%,
09/13/32
|
1,700,000 |
1,756,565 |
|
|
4,556,756 |
Insurance
4.8%
| ||
ACE
Capital Trust II | ||
9.70%,
04/01/30
|
1,000,000 |
1,181,478 |
Aflac,
Inc. | ||
3.60%,
04/01/30
(a) |
3,120,000 |
2,949,792 |
Alleghany
Corp. | ||
3.63%,
05/15/30
(a) |
1,580,000 |
1,496,115 |
Allstate
Corp. | ||
1.45%,
12/15/30
(a) |
1,885,000 |
1,527,489 |
5.25%,
03/30/33
(a) |
2,450,000 |
2,505,422 |
5.35%,
06/01/33
|
1,050,000 |
1,080,733 |
American
Financial Group, Inc. | ||
5.25%,
04/02/30
(a) |
1,025,000 |
1,030,499 |
American
International Group, Inc. | ||
3.40%,
06/30/30
(a) |
1,135,000 |
1,045,339 |
5.13%,
03/27/33
(a) |
2,425,000 |
2,462,906 |
Aon
Corp. | ||
3.75%,
05/02/29
(a) |
2,448,000 |
2,343,619 |
2.80%,
05/15/30
(a) |
3,170,000 |
2,813,798 |
Aon
Corp./Aon Global Holdings PLC | ||
2.05%,
08/23/31
(a) |
1,305,000 |
1,067,537 |
2.60%,
12/02/31
(a) |
1,450,000 |
1,229,633 |
5.00%,
09/12/32
(a) |
1,635,000 |
1,638,952 |
5.35%,
02/28/33
(a) |
2,310,000 |
2,374,944 |
Arthur
J Gallagher & Co. | ||
2.40%,
11/09/31
(a) |
1,160,000 |
959,939 |
5.50%,
03/02/33
(a) |
1,120,000 |
1,142,355 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Assurant,
Inc. | ||
3.70%,
02/22/30
(a) |
1,315,000 |
1,187,432 |
2.65%,
01/15/32
(a)(c) |
1,015,000 |
824,832 |
Assured
Guaranty U.S. Holdings, Inc. | ||
3.15%,
06/15/31
(a) |
1,600,000 |
1,418,458 |
Athene
Holding Ltd. | ||
6.15%,
04/03/30
(a) |
1,610,000 |
1,665,873 |
3.50%,
01/15/31
(a) |
1,570,000 |
1,386,193 |
6.65%,
02/01/33
(a) |
1,325,000 |
1,409,910 |
AXA
SA | ||
8.60%,
12/15/30
|
2,805,000 |
3,378,485 |
AXIS
Specialty Finance LLC | ||
3.90%,
07/15/29
(a) |
1,225,000 |
1,163,565 |
4.90%,
01/15/40
(a)(b) |
445,000 |
371,457 |
Berkshire
Hathaway Finance Corp. | ||
1.85%,
03/12/30
(a) |
1,585,000 |
1,381,687 |
1.45%,
10/15/30
(a) |
2,540,000 |
2,143,661 |
2.88%,
03/15/32
(a) |
3,215,000 |
2,902,311 |
Brighthouse
Financial, Inc. | ||
5.63%,
05/15/30
(a) |
2,055,000 |
2,086,753 |
Brown
& Brown, Inc. | ||
4.50%,
03/15/29
(a) |
1,040,000 |
1,015,710 |
2.38%,
03/15/31
(a) |
2,225,000 |
1,828,239 |
4.20%,
03/17/32
(a) |
2,025,000 |
1,856,096 |
Centene
Corp. | ||
4.63%,
12/15/29
(a) |
11,120,000 |
10,699,662 |
3.38%,
02/15/30
(a) |
6,220,000 |
5,586,097 |
3.00%,
10/15/30
(a) |
7,060,000 |
6,149,609 |
2.50%,
03/01/31
(a) |
6,940,000 |
5,791,453 |
2.63%,
08/01/31
(a) |
4,105,000 |
3,428,618 |
Chubb
INA Holdings, Inc. | ||
1.38%,
09/15/30
(a) |
3,255,000 |
2,684,187 |
CNA
Financial Corp. | ||
3.90%,
05/01/29
(a) |
1,660,000 |
1,590,359 |
2.05%,
08/15/30
(a) |
1,445,000 |
1,209,405 |
5.50%,
06/15/33
(a) |
1,700,000 |
1,755,184 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/29
(a) |
1,575,000 |
1,561,298 |
Corebridge
Financial, Inc. | ||
3.85%,
04/05/29
(a) |
3,110,000 |
2,939,231 |
3.90%,
04/05/32
(a) |
4,870,000 |
4,415,658 |
6.05%,
09/15/33
(a)(e) |
1,600,000 |
1,673,911 |
Elevance
Health, Inc. | ||
2.88%,
09/15/29
(a) |
2,450,000 |
2,247,229 |
2.25%,
05/15/30
(a) |
3,415,000 |
2,962,811 |
2.55%,
03/15/31
(a) |
3,260,000 |
2,832,195 |
4.10%,
05/15/32
(a) |
1,900,000 |
1,815,191 |
5.50%,
10/15/32
(a) |
2,315,000 |
2,424,074 |
4.75%,
02/15/33
(a) |
3,165,000 |
3,170,071 |
Enstar
Group Ltd. | ||
4.95%,
06/01/29
(a) |
1,485,000 |
1,451,855 |
3.10%,
09/01/31
(a) |
1,790,000 |
1,463,094 |
Equitable
Holdings, Inc. | ||
5.59%,
01/11/33
(a) |
1,525,000 |
1,572,284 |
Fairfax
Financial Holdings Ltd. | ||
4.63%,
04/29/30
(a) |
2,205,000 |
2,124,230 |
3.38%,
03/03/31
(a) |
1,855,000 |
1,636,869 |
5.63%,
08/16/32
(a) |
2,590,000 |
2,594,620 |
6.00%,
12/07/33
(a)(e) |
1,100,000 |
1,130,435 |
Fidelity
National Financial, Inc. | ||
3.40%,
06/15/30
(a) |
2,025,000 |
1,819,164 |
2.45%,
03/15/31
(a) |
2,095,000 |
1,737,968 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
First
American Financial Corp. | ||
4.00%,
05/15/30
(a) |
1,510,000 |
1,369,382 |
2.40%,
08/15/31
(a) |
2,040,000 |
1,615,091 |
Globe
Life, Inc. | ||
2.15%,
08/15/30
(a) |
1,260,000 |
1,061,388 |
4.80%,
06/15/32
(a) |
1,370,000 |
1,334,953 |
Hanover
Insurance Group, Inc. | ||
2.50%,
09/01/30
(a) |
940,000 |
775,105 |
Hartford
Financial Services Group, Inc. | ||
2.80%,
08/19/29
(a) |
1,905,000 |
1,734,742 |
Humana,
Inc. | ||
3.70%,
03/23/29
(a) |
2,290,000 |
2,205,787 |
3.13%,
08/15/29
(a) |
1,565,000 |
1,453,555 |
4.88%,
04/01/30
(a) |
1,585,000 |
1,606,193 |
2.15%,
02/03/32
(a) |
2,420,000 |
1,994,559 |
5.88%,
03/01/33
(a) |
2,510,000 |
2,675,679 |
Jackson
Financial, Inc. | ||
3.13%,
11/23/31
(a) |
1,635,000 |
1,376,822 |
5.67%,
06/08/32
(a)(c) |
1,050,000 |
1,070,053 |
Kemper
Corp. | ||
2.40%,
09/30/30
(a) |
1,285,000 |
1,007,176 |
3.80%,
02/23/32
(a) |
1,415,000 |
1,202,453 |
Lincoln
National Corp. | ||
3.05%,
01/15/30
(a) |
1,700,000 |
1,503,368 |
3.40%,
01/15/31
(a)(c) |
1,595,000 |
1,431,925 |
3.40%,
03/01/32
(a) |
970,000 |
832,279 |
Loews
Corp. | ||
3.20%,
05/15/30
(a) |
1,780,000 |
1,633,656 |
Manulife
Financial Corp. | ||
3.70%,
03/16/32
(a) |
2,440,000 |
2,291,464 |
Markel
Group, Inc. | ||
3.35%,
09/17/29
(a) |
1,170,000 |
1,073,347 |
Marsh
& McLennan Cos., Inc. | ||
4.38%,
03/15/29
(a) |
4,790,000 |
4,771,221 |
2.25%,
11/15/30
(a) |
2,475,000 |
2,140,073 |
2.38%,
12/15/31
(a) |
1,410,000 |
1,201,733 |
5.75%,
11/01/32
(a) |
1,560,000 |
1,682,962 |
5.88%,
08/01/33
|
850,000 |
929,274 |
5.40%,
09/15/33
(a) |
2,100,000 |
2,219,394 |
MetLife,
Inc. | ||
4.55%,
03/23/30
(a) |
3,225,000 |
3,247,657 |
6.50%,
12/15/32
|
1,760,000 |
2,001,573 |
5.38%,
07/15/33
(a) |
3,300,000 |
3,446,325 |
PartnerRe
Finance B LLC | ||
3.70%,
07/02/29
(a) |
1,810,000 |
1,716,664 |
4.50%,
10/01/50
(a)(b) |
260,000 |
224,977 |
Primerica,
Inc. | ||
2.80%,
11/19/31
(a) |
1,950,000 |
1,653,818 |
Principal
Financial Group, Inc. | ||
3.70%,
05/15/29
(a) |
1,615,000 |
1,524,450 |
2.13%,
06/15/30
(a) |
1,850,000 |
1,565,793 |
5.38%,
03/15/33
(a) |
1,290,000 |
1,324,403 |
Progressive
Corp. | ||
4.00%,
03/01/29
(a) |
1,660,000 |
1,639,263 |
6.63%,
03/01/29
|
950,000 |
1,042,172 |
3.20%,
03/26/30
(a) |
1,605,000 |
1,486,849 |
3.00%,
03/15/32
(a) |
1,570,000 |
1,402,467 |
6.25%,
12/01/32
|
1,430,000 |
1,596,107 |
4.95%,
06/15/33
(a) |
1,510,000 |
1,550,504 |
Prudential
Financial, Inc. | ||
2.10%,
03/10/30
(a) |
1,600,000 |
1,402,646 |
5.75%,
07/15/33
|
950,000 |
1,038,916 |
3.70%,
10/01/50
(a)(b) |
2,455,000 |
2,131,140 |
5.13%,
03/01/52
(a)(b) |
3,260,000 |
3,065,619 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.00%,
09/01/52
(a)(b) |
3,825,000 |
3,816,861 |
6.75%,
03/01/53
(a)(b) |
1,565,000 |
1,636,533 |
Prudential
Funding Asia PLC | ||
3.13%,
04/14/30
|
3,060,000 |
2,756,036 |
3.63%,
03/24/32
(a) |
1,185,000 |
1,069,920 |
Reinsurance
Group of America, Inc. | ||
3.90%,
05/15/29
(a) |
1,900,000 |
1,814,729 |
3.15%,
06/15/30
(a) |
1,955,000 |
1,759,689 |
6.00%,
09/15/33
(a) |
1,250,000 |
1,314,171 |
RenaissanceRe
Holdings Ltd. | ||
3.60%,
04/15/29
(a) |
1,170,000 |
1,090,680 |
5.75%,
06/05/33
(a) |
2,475,000 |
2,509,169 |
Stewart
Information Services Corp. | ||
3.60%,
11/15/31
(a) |
1,465,000 |
1,146,361 |
Travelers
Property Casualty Corp. | ||
6.38%,
03/15/33
|
1,500,000 |
1,717,723 |
UnitedHealth
Group, Inc. | ||
4.25%,
01/15/29
(a) |
3,935,000 |
3,929,687 |
4.00%,
05/15/29
(a) |
2,920,000 |
2,878,020 |
2.88%,
08/15/29
|
3,250,000 |
3,019,999 |
5.30%,
02/15/30
(a) |
4,140,000 |
4,335,455 |
2.00%,
05/15/30
|
3,975,000 |
3,438,398 |
2.30%,
05/15/31
(a) |
4,805,000 |
4,165,637 |
4.20%,
05/15/32
(a) |
4,865,000 |
4,762,041 |
5.35%,
02/15/33
(a) |
6,350,000 |
6,718,668 |
4.50%,
04/15/33
(a) |
4,790,000 |
4,755,029 |
Unum
Group | ||
4.00%,
06/15/29
(a) |
1,245,000 |
1,182,495 |
Willis
North America, Inc. | ||
2.95%,
09/15/29
(a) |
2,415,000 |
2,168,007 |
5.35%,
05/15/33
(a) |
2,358,000 |
2,385,120 |
|
|
276,963,379 |
REITs
4.5%
| ||
Agree
LP | ||
2.90%,
10/01/30
(a) |
1,010,000 |
872,195 |
4.80%,
10/01/32
(a) |
980,000 |
928,282 |
2.60%,
06/15/33
(a) |
920,000 |
731,270 |
Alexandria
Real Estate Equities, Inc. | ||
4.50%,
07/30/29
(a) |
1,050,000 |
1,023,195 |
2.75%,
12/15/29
(a) |
1,310,000 |
1,156,841 |
4.70%,
07/01/30
(a) |
1,465,000 |
1,438,229 |
4.90%,
12/15/30
(a) |
2,275,000 |
2,281,948 |
3.38%,
08/15/31
(a) |
2,315,000 |
2,090,808 |
2.00%,
05/18/32
(a) |
2,730,000 |
2,190,708 |
1.88%,
02/01/33
(a) |
3,185,000 |
2,486,275 |
American
Assets Trust LP | ||
3.38%,
02/01/31
(a) |
1,660,000 |
1,356,251 |
American
Homes 4 Rent LP | ||
4.90%,
02/15/29
(a) |
1,295,000 |
1,284,673 |
2.38%,
07/15/31
(a) |
1,500,000 |
1,240,244 |
3.63%,
04/15/32
(a) |
1,785,000 |
1,602,650 |
AvalonBay
Communities, Inc. | ||
3.30%,
06/01/29
(a) |
1,400,000 |
1,308,854 |
2.30%,
03/01/30
(a) |
2,240,000 |
1,956,830 |
2.45%,
01/15/31
(a) |
1,917,000 |
1,653,899 |
2.05%,
01/15/32
(a) |
2,285,000 |
1,915,586 |
5.00%,
02/15/33
(a) |
1,065,000 |
1,086,814 |
5.30%,
12/07/33
(a) |
1,300,000 |
1,350,907 |
Boston
Properties LP | ||
3.40%,
06/21/29
(a) |
2,654,000 |
2,387,820 |
2.90%,
03/15/30
(a) |
2,260,000 |
1,937,424 |
3.25%,
01/30/31
(a) |
3,995,000 |
3,434,594 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.55%,
04/01/32
(a) |
2,950,000 |
2,353,555 |
2.45%,
10/01/33
(a) |
2,505,000 |
1,910,260 |
Brixmor
Operating Partnership LP | ||
4.13%,
05/15/29
(a) |
2,485,000 |
2,369,628 |
4.05%,
07/01/30
(a) |
2,560,000 |
2,407,733 |
2.50%,
08/16/31
(a) |
1,550,000 |
1,303,375 |
Broadstone
Net Lease LLC | ||
2.60%,
09/15/31
(a) |
1,215,000 |
946,869 |
Camden
Property Trust | ||
3.15%,
07/01/29
(a) |
1,915,000 |
1,772,501 |
2.80%,
05/15/30
(a) |
2,405,000 |
2,161,259 |
Corporate
Office Properties LP | ||
2.00%,
01/15/29
(a) |
1,330,000 |
1,111,068 |
2.75%,
04/15/31
(a) |
2,050,000 |
1,675,757 |
2.90%,
12/01/33
(a) |
1,000,000 |
786,530 |
CubeSmart
LP | ||
4.38%,
02/15/29
(a) |
1,025,000 |
996,319 |
3.00%,
02/15/30
(a) |
1,115,000 |
991,734 |
2.00%,
02/15/31
(a) |
1,465,000 |
1,198,010 |
2.50%,
02/15/32
(a) |
1,875,000 |
1,561,913 |
Digital
Realty Trust LP | ||
3.60%,
07/01/29
(a) |
2,825,000 |
2,660,434 |
EPR
Properties | ||
3.75%,
08/15/29
(a) |
1,620,000 |
1,429,207 |
3.60%,
11/15/31
(a) |
1,240,000 |
1,031,817 |
ERP
Operating LP | ||
3.00%,
07/01/29
(a) |
1,850,000 |
1,710,905 |
2.50%,
02/15/30
(a) |
1,855,000 |
1,644,509 |
1.85%,
08/01/31
(a) |
1,588,000 |
1,307,046 |
Essential
Properties LP | ||
2.95%,
07/15/31
(a) |
1,275,000 |
1,004,283 |
Essex
Portfolio LP | ||
4.00%,
03/01/29
(a) |
1,575,000 |
1,504,301 |
3.00%,
01/15/30
(a) |
1,700,000 |
1,517,858 |
1.65%,
01/15/31
(a) |
1,135,000 |
904,045 |
2.55%,
06/15/31
(a) |
860,000 |
723,027 |
2.65%,
03/15/32
(a) |
2,010,000 |
1,686,237 |
Extra
Space Storage LP | ||
3.90%,
04/01/29
(a) |
1,250,000 |
1,187,163 |
4.00%,
06/15/29
(a) |
1,020,000 |
975,249 |
5.50%,
07/01/30
(a) |
1,475,000 |
1,509,662 |
2.20%,
10/15/30
(a) |
1,290,000 |
1,075,285 |
5.90%,
01/15/31
(a) |
1,950,000 |
2,038,600 |
2.55%,
06/01/31
(a) |
1,510,000 |
1,256,744 |
2.40%,
10/15/31
(a) |
1,745,000 |
1,439,890 |
2.35%,
03/15/32
(a) |
1,920,000 |
1,567,557 |
Federal
Realty OP LP | ||
3.20%,
06/15/29
(a) |
1,365,000 |
1,242,232 |
3.50%,
06/01/30
(a) |
1,183,000 |
1,075,271 |
Healthcare
Realty Holdings LP | ||
3.10%,
02/15/30
(a) |
2,070,000 |
1,815,165 |
2.00%,
03/15/31
(a) |
2,575,000 |
2,072,662 |
Healthpeak
OP LLC | ||
3.50%,
07/15/29
(a) |
2,045,000 |
1,910,397 |
3.00%,
01/15/30
(a) |
2,375,000 |
2,120,456 |
2.88%,
01/15/31
(a) |
1,805,000 |
1,568,249 |
5.25%,
12/15/32
(a) |
2,350,000 |
2,381,659 |
Highwoods
Realty LP | ||
4.20%,
04/15/29
(a) |
1,225,000 |
1,114,522 |
3.05%,
02/15/30
(a) |
1,250,000 |
1,036,869 |
2.60%,
02/01/31
(a) |
1,200,000 |
939,424 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Host
Hotels & Resorts LP | ||
3.38%,
12/15/29
(a) |
2,095,000 |
1,887,563 |
3.50%,
09/15/30
(a) |
2,365,000 |
2,117,810 |
2.90%,
12/15/31
(a) |
1,410,000 |
1,188,132 |
Hudson
Pacific Properties LP | ||
4.65%,
04/01/29
(a) |
1,585,000 |
1,301,186 |
3.25%,
01/15/30
(a) |
1,245,000 |
936,089 |
Invitation
Homes Operating Partnership LP | ||
5.45%,
08/15/30
(a) |
1,425,000 |
1,437,970 |
2.00%,
08/15/31
(a) |
2,280,000 |
1,817,092 |
4.15%,
04/15/32
(a) |
1,600,000 |
1,475,919 |
5.50%,
08/15/33
(a) |
1,185,000 |
1,188,183 |
Kilroy
Realty LP | ||
4.25%,
08/15/29
(a) |
1,255,000 |
1,159,269 |
3.05%,
02/15/30
(a) |
1,730,000 |
1,473,490 |
2.50%,
11/15/32
(a) |
1,319,000 |
1,003,199 |
2.65%,
11/15/33
(a) |
1,425,000 |
1,083,206 |
Kimco
Realty OP LLC | ||
2.70%,
10/01/30
(a) |
1,610,000 |
1,398,273 |
2.25%,
12/01/31
(a) |
1,450,000 |
1,184,915 |
3.20%,
04/01/32
(a) |
1,775,000 |
1,548,174 |
4.60%,
02/01/33
(a) |
2,215,000 |
2,139,764 |
Kite
Realty Group Trust | ||
4.75%,
09/15/30
(a) |
1,215,000 |
1,147,181 |
LXP
Industrial Trust | ||
2.70%,
09/15/30
(a) |
1,335,000 |
1,112,596 |
2.38%,
10/01/31
(a) |
1,090,000 |
880,830 |
Mid-America
Apartments LP | ||
3.95%,
03/15/29
(a) |
1,730,000 |
1,684,312 |
2.75%,
03/15/30
(a) |
870,000 |
764,052 |
1.70%,
02/15/31
(a) |
1,500,000 |
1,223,026 |
National
Health Investors, Inc. | ||
3.00%,
02/01/31
(a) |
1,330,000 |
1,072,184 |
NNN
REIT, Inc. | ||
2.50%,
04/15/30
(a) |
1,230,000 |
1,062,931 |
5.60%,
10/15/33
(a) |
1,580,000 |
1,634,171 |
Omega
Healthcare Investors, Inc. | ||
3.63%,
10/01/29
(a) |
1,600,000 |
1,420,455 |
3.38%,
02/01/31
(a) |
2,214,000 |
1,881,161 |
3.25%,
04/15/33
(a) |
2,245,000 |
1,812,660 |
Phillips
Edison Grocery Center Operating Partnership I LP | ||
2.63%,
11/15/31
(a) |
1,135,000 |
931,905 |
Physicians
Realty LP | ||
2.63%,
11/01/31
(a) |
1,585,000 |
1,313,133 |
Piedmont
Operating Partnership LP | ||
3.15%,
08/15/30
(a) |
1,040,000 |
791,542 |
2.75%,
04/01/32
(a) |
910,000 |
634,526 |
Prologis
LP | ||
4.38%,
02/01/29
(a) |
1,025,000 |
1,014,147 |
2.88%,
11/15/29
(a) |
1,165,000 |
1,063,443 |
2.25%,
04/15/30
(a) |
3,105,000 |
2,720,874 |
1.75%,
07/01/30
(a) |
1,025,000 |
863,588 |
1.25%,
10/15/30
(a) |
2,315,000 |
1,875,052 |
1.75%,
02/01/31
(a) |
1,355,000 |
1,127,651 |
1.63%,
03/15/31
(a) |
1,240,000 |
1,006,597 |
2.25%,
01/15/32
(a) |
1,460,000 |
1,227,706 |
4.63%,
01/15/33
(a) |
2,000,000 |
2,013,993 |
4.75%,
06/15/33
(a) |
2,615,000 |
2,653,801 |
Public
Storage Operating Co. | ||
5.13%,
01/15/29
(a) |
1,600,000 |
1,653,756 |
3.39%,
05/01/29
(a) |
1,725,000 |
1,649,728 |
2.30%,
05/01/31
(a) |
2,045,000 |
1,771,168 |
2.25%,
11/09/31
(a) |
1,770,000 |
1,514,502 |
5.10%,
08/01/33
(a) |
2,240,000 |
2,321,806 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Realty
Income Corp. | ||
3.25%,
06/15/29
(a) |
1,460,000 |
1,366,757 |
3.10%,
12/15/29
(a) |
2,040,000 |
1,874,054 |
4.85%,
03/15/30
(a) |
1,800,000 |
1,813,795 |
3.25%,
01/15/31
(a) |
3,095,000 |
2,818,566 |
5.63%,
10/13/32
(a) |
2,675,000 |
2,821,960 |
2.85%,
12/15/32
(a) |
2,310,000 |
1,973,208 |
1.80%,
03/15/33
(a) |
1,150,000 |
894,998 |
4.90%,
07/15/33
(a) |
1,800,000 |
1,804,430 |
Regency
Centers LP | ||
2.95%,
09/15/29
(a) |
1,340,000 |
1,202,064 |
3.70%,
06/15/30
(a) |
1,965,000 |
1,831,725 |
Rexford
Industrial Realty LP | ||
2.13%,
12/01/30
(a) |
1,190,000 |
977,321 |
2.15%,
09/01/31
(a) |
1,365,000 |
1,096,922 |
Sabra
Health Care LP | ||
3.90%,
10/15/29
(a) |
1,145,000 |
1,038,649 |
3.20%,
12/01/31
(a) |
2,575,000 |
2,113,729 |
Safehold
GL Holdings LLC | ||
2.80%,
06/15/31
(a) |
1,250,000 |
1,035,369 |
2.85%,
01/15/32
(a) |
1,155,000 |
948,869 |
Simon
Property Group LP | ||
2.45%,
09/13/29
(a) |
4,030,000 |
3,592,512 |
2.65%,
07/15/30
(a) |
2,385,000 |
2,115,558 |
2.20%,
02/01/31
(a) |
2,380,000 |
1,997,681 |
2.25%,
01/15/32
(a) |
2,150,000 |
1,789,139 |
2.65%,
02/01/32
(a) |
2,125,000 |
1,818,957 |
5.50%,
03/08/33
(a) |
2,165,000 |
2,246,010 |
Spirit
Realty LP | ||
4.00%,
07/15/29
(a) |
1,160,000 |
1,102,462 |
3.40%,
01/15/30
(a) |
1,630,000 |
1,487,206 |
3.20%,
02/15/31
(a) |
1,405,000 |
1,242,836 |
2.70%,
02/15/32
(a) |
1,200,000 |
1,008,472 |
STORE
Capital Corp. | ||
4.63%,
03/15/29
(a) |
1,065,000 |
980,030 |
2.75%,
11/18/30
(a) |
1,085,000 |
855,569 |
2.70%,
12/01/31
(a) |
1,280,000 |
979,258 |
Sun
Communities Operating LP | ||
2.70%,
07/15/31
(a) |
2,290,000 |
1,912,424 |
4.20%,
04/15/32
(a) |
2,095,000 |
1,915,029 |
5.70%,
01/15/33
(a) |
1,175,000 |
1,196,913 |
Tanger
Properties LP | ||
2.75%,
09/01/31
(a) |
1,200,000 |
967,436 |
UDR,
Inc. | ||
4.40%,
01/26/29
(a) |
925,000 |
895,545 |
3.20%,
01/15/30
(a) |
1,950,000 |
1,776,796 |
3.00%,
08/15/31
(a) |
1,850,000 |
1,638,771 |
2.10%,
08/01/32
(a) |
1,450,000 |
1,141,948 |
1.90%,
03/15/33
(a) |
1,350,000 |
1,036,468 |
2.10%,
06/15/33
(a) |
670,000 |
517,081 |
Ventas
Realty LP | ||
4.40%,
01/15/29
(a) |
2,580,000 |
2,511,776 |
3.00%,
01/15/30
(a) |
1,935,000 |
1,714,308 |
4.75%,
11/15/30
(a) |
1,580,000 |
1,541,232 |
2.50%,
09/01/31
(a) |
1,525,000 |
1,260,084 |
Welltower
OP LLC | ||
2.05%,
01/15/29
(a) |
1,445,000 |
1,272,936 |
4.13%,
03/15/29
(a) |
1,890,000 |
1,825,043 |
3.10%,
01/15/30
(a) |
2,450,000 |
2,214,160 |
2.75%,
01/15/31
(a) |
1,925,000 |
1,676,691 |
2.80%,
06/01/31
(a) |
2,290,000 |
2,002,187 |
2.75%,
01/15/32
(a) |
1,825,000 |
1,555,588 |
3.85%,
06/15/32
(a) |
1,605,000 |
1,486,655 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
WP
Carey, Inc. | ||
3.85%,
07/15/29
(a) |
1,156,000 |
1,086,125 |
2.40%,
02/01/31
(a) |
1,750,000 |
1,481,537 |
2.45%,
02/01/32
(a) |
1,165,000 |
948,966 |
2.25%,
04/01/33
(a) |
1,265,000 |
990,285 |
|
|
258,292,334 |
|
|
2,070,826,085 |
| ||
Industrial
55.0% | ||
Basic
Industry 2.9%
| ||
Air
Products & Chemicals, Inc. | ||
2.05%,
05/15/30
(a) |
2,650,000 |
2,317,926 |
4.80%,
03/03/33
(a) |
2,050,000 |
2,120,529 |
Albemarle
Corp. | ||
5.05%,
06/01/32
(a) |
1,960,000 |
1,914,853 |
AngloGold
Ashanti Holdings PLC | ||
3.75%,
10/01/30
(a) |
2,264,000 |
1,972,571 |
ArcelorMittal
SA | ||
4.25%,
07/16/29
(c) |
1,455,000 |
1,420,504 |
6.80%,
11/29/32
(a) |
3,300,000 |
3,573,026 |
BHP
Billiton Finance USA Ltd. | ||
5.25%,
09/08/30
(a) |
2,850,000 |
2,954,563 |
4.90%,
02/28/33
(a) |
2,425,000 |
2,482,417 |
5.25%,
09/08/33
(a) |
4,725,000 |
4,908,369 |
Cabot
Corp. | ||
4.00%,
07/01/29
(a) |
850,000 |
809,875 |
5.00%,
06/30/32
(a) |
1,405,000 |
1,390,975 |
Celanese
U.S. Holdings LLC | ||
6.33%,
07/15/29
(a) |
2,330,000 |
2,446,873 |
6.55%,
11/15/30
(a) |
3,165,000 |
3,353,251 |
6.38%,
07/15/32
(a) |
3,200,000 |
3,389,447 |
6.70%,
11/15/33
(a) |
3,350,000 |
3,644,288 |
Dow
Chemical Co. | ||
7.38%,
11/01/29
|
2,622,000 |
2,964,071 |
2.10%,
11/15/30
(a) |
2,995,000 |
2,565,683 |
6.30%,
03/15/33
(a)(c) |
1,740,000 |
1,921,744 |
Eastman
Chemical Co. | ||
5.75%,
03/08/33
(a) |
1,555,000 |
1,616,322 |
Ecolab,
Inc. | ||
4.80%,
03/24/30
(a) |
2,160,000 |
2,221,813 |
1.30%,
01/30/31
(a) |
1,780,000 |
1,456,444 |
2.13%,
02/01/32
(a) |
2,170,000 |
1,852,331 |
EIDP,
Inc. | ||
2.30%,
07/15/30
(a) |
1,553,000 |
1,364,233 |
4.80%,
05/15/33
(a) |
2,025,000 |
2,052,684 |
FMC
Corp. | ||
3.45%,
10/01/29
(a) |
1,670,000 |
1,526,578 |
5.65%,
05/18/33
(a) |
1,575,000 |
1,565,981 |
Freeport-McMoRan,
Inc. | ||
5.25%,
09/01/29
(a) |
1,494,000 |
1,515,194 |
4.25%,
03/01/30
(a) |
1,445,000 |
1,358,400 |
4.63%,
08/01/30
(a) |
1,930,000 |
1,887,707 |
Georgia-Pacific
LLC | ||
7.75%,
11/15/29
|
1,675,000 |
1,937,717 |
8.88%,
05/15/31
|
1,250,000 |
1,565,085 |
Huntsman
International LLC | ||
4.50%,
05/01/29
(a) |
2,425,000 |
2,344,150 |
2.95%,
06/15/31
(a) |
1,375,000 |
1,172,659 |
Kinross
Gold Corp. | ||
6.25%,
07/15/33
(a)(e) |
1,575,000 |
1,653,402 |
Linde,
Inc. | ||
1.10%,
08/10/30
(a) |
2,200,000 |
1,826,767 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
LYB
International Finance III LLC | ||
2.25%,
10/01/30
(a) |
1,585,000 |
1,360,568 |
5.63%,
05/15/33
(a) |
1,600,000 |
1,674,801 |
Mosaic
Co. | ||
5.45%,
11/15/33
(a) |
1,600,000 |
1,633,814 |
NewMarket
Corp. | ||
2.70%,
03/18/31
(a) |
1,335,000 |
1,125,218 |
Newmont
Corp. | ||
2.80%,
10/01/29
(a) |
2,150,000 |
1,967,372 |
2.25%,
10/01/30
(a) |
3,125,000 |
2,703,993 |
2.60%,
07/15/32
(a) |
3,250,000 |
2,782,543 |
Nucor
Corp. | ||
2.70%,
06/01/30
(a) |
1,465,000 |
1,328,324 |
3.13%,
04/01/32
(a) |
1,750,000 |
1,577,080 |
Nutrien
Ltd. | ||
4.20%,
04/01/29
(a) |
2,400,000 |
2,363,207 |
2.95%,
05/13/30
(a) |
1,575,000 |
1,426,298 |
Packaging
Corp. of America | ||
3.00%,
12/15/29
(a) |
1,700,000 |
1,541,605 |
5.70%,
12/01/33
(a) |
1,100,000 |
1,158,840 |
PPG
Industries, Inc. | ||
2.80%,
08/15/29
(a) |
975,000 |
887,701 |
2.55%,
06/15/30
(a) |
900,000 |
784,849 |
Rayonier
LP | ||
2.75%,
05/17/31
(a) |
1,420,000 |
1,189,360 |
Reliance
Steel & Aluminum Co. | ||
2.15%,
08/15/30
(a) |
1,625,000 |
1,380,395 |
Rio
Tinto Alcan, Inc. | ||
7.25%,
03/15/31
|
1,350,000 |
1,545,860 |
6.13%,
12/15/33
|
2,550,000 |
2,797,040 |
Rio
Tinto Finance USA PLC | ||
5.00%,
03/09/33
(a) |
1,895,000 |
1,967,114 |
Rohm
& Haas Co. | ||
7.85%,
07/15/29
|
1,725,000 |
1,946,049 |
RPM
International, Inc. | ||
4.55%,
03/01/29
(a) |
1,125,000 |
1,110,472 |
2.95%,
01/15/32
(a) |
850,000 |
719,275 |
Sherwin-Williams
Co. | ||
2.95%,
08/15/29
(a) |
2,535,000 |
2,349,634 |
2.30%,
05/15/30
(a) |
1,550,000 |
1,352,146 |
2.20%,
03/15/32
(a) |
1,675,000 |
1,395,664 |
Steel
Dynamics, Inc. | ||
3.45%,
04/15/30
(a) |
1,945,000 |
1,796,889 |
3.25%,
01/15/31
(a) |
1,555,000 |
1,411,922 |
Suzano
Austria GmbH | ||
6.00%,
01/15/29
(a) |
5,550,000 |
5,674,152 |
5.00%,
01/15/30
(a) |
2,905,000 |
2,805,987 |
3.75%,
01/15/31
(a) |
3,900,000 |
3,430,390 |
3.13%,
01/15/32
(a) |
3,135,000 |
2,599,416 |
Teck
Resources Ltd. | ||
3.90%,
07/15/30
(a) |
1,785,000 |
1,662,996 |
Vale
Overseas Ltd. | ||
3.75%,
07/08/30
(a) |
4,765,000 |
4,380,110 |
6.13%,
06/12/33
(a) |
4,760,000 |
4,934,830 |
Westlake
Corp. | ||
3.38%,
06/15/30
(a) |
925,000 |
839,183 |
WestRock
MWV LLC | ||
8.20%,
01/15/30
|
1,350,000 |
1,557,280 |
7.95%,
02/15/31
|
1,000,000 |
1,166,088 |
Weyerhaeuser
Co. | ||
4.00%,
11/15/29
(a) |
2,475,000 |
2,369,903 |
4.00%,
04/15/30
(a) |
2,385,000 |
2,277,862 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
7.38%,
03/15/32
|
2,090,000 |
2,431,644 |
3.38%,
03/09/33
(a) |
1,485,000 |
1,320,778 |
WRKCo,
Inc. | ||
4.90%,
03/15/29
(a) |
2,400,000 |
2,413,757 |
4.20%,
06/01/32
(a) |
1,575,000 |
1,512,407 |
3.00%,
06/15/33
(a) |
1,935,000 |
1,670,608 |
Yamana
Gold, Inc. | ||
2.63%,
08/15/31
(a)(e) |
1,605,000 |
1,359,247 |
|
|
164,753,103 |
Capital
Goods 5.3%
| ||
3M
Co. | ||
3.38%,
03/01/29
(a)(c) |
2,565,000 |
2,403,954 |
2.38%,
08/26/29
(a) |
3,171,000 |
2,808,564 |
3.05%,
04/15/30
(a) |
1,875,000 |
1,694,165 |
Acuity
Brands Lighting, Inc. | ||
2.15%,
12/15/30
(a) |
1,600,000 |
1,330,669 |
Allegion
PLC | ||
3.50%,
10/01/29
(a) |
1,340,000 |
1,241,250 |
Allegion
U.S. Holding Co., Inc. | ||
5.41%,
07/01/32
(a) |
1,950,000 |
2,008,311 |
Amcor
Finance USA, Inc. | ||
5.63%,
05/26/33
(a) |
1,650,000 |
1,718,558 |
Amcor
Flexibles North America, Inc. | ||
2.63%,
06/19/30
(a) |
1,615,000 |
1,401,298 |
2.69%,
05/25/31
(a) |
2,380,000 |
2,059,794 |
Amphenol
Corp. | ||
4.35%,
06/01/29
(a) |
1,625,000 |
1,619,948 |
2.80%,
02/15/30
(a) |
2,875,000 |
2,621,271 |
2.20%,
09/15/31
(a) |
2,225,000 |
1,874,335 |
AptarGroup,
Inc. | ||
3.60%,
03/15/32
(a) |
1,350,000 |
1,220,171 |
Avery
Dennison Corp. | ||
2.65%,
04/30/30
(a) |
1,845,000 |
1,634,195 |
2.25%,
02/15/32
(a) |
1,270,000 |
1,051,300 |
5.75%,
03/15/33
(a) |
1,255,000 |
1,329,617 |
Boeing
Co. | ||
3.20%,
03/01/29
(a) |
3,420,000 |
3,202,977 |
2.95%,
02/01/30
(a) |
2,360,000 |
2,132,520 |
5.15%,
05/01/30
(a) |
13,945,000 |
14,203,598 |
3.63%,
02/01/31
(a) |
4,460,000 |
4,146,881 |
6.13%,
02/15/33
|
1,525,000 |
1,647,282 |
Carlisle
Cos., Inc. | ||
2.75%,
03/01/30
(a) |
2,350,000 |
2,087,845 |
2.20%,
03/01/32
(a) |
1,725,000 |
1,405,474 |
Carrier
Global Corp. | ||
2.72%,
02/15/30
(a) |
6,450,000 |
5,776,900 |
2.70%,
02/15/31
(a)(e) |
2,465,000 |
2,154,435 |
Caterpillar,
Inc. | ||
2.60%,
09/19/29
(a) |
1,555,000 |
1,432,915 |
2.60%,
04/09/30
(a) |
2,625,000 |
2,390,077 |
1.90%,
03/12/31
(a) |
1,485,000 |
1,279,529 |
CNH
Industrial Capital LLC | ||
5.50%,
01/12/29
(a) |
1,600,000 |
1,651,744 |
Deere
& Co. | ||
5.38%,
10/16/29
|
1,500,000 |
1,587,327 |
3.10%,
04/15/30
(a) |
2,350,000 |
2,181,722 |
7.13%,
03/03/31
|
950,000 |
1,111,002 |
Dover
Corp. | ||
2.95%,
11/04/29
(a) |
1,055,000 |
956,721 |
Eagle
Materials, Inc. | ||
2.50%,
07/01/31
(a) |
2,450,000 |
2,081,839 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Eaton
Corp. | ||
4.00%,
11/02/32
|
2,150,000 |
2,084,796 |
4.15%,
03/15/33
(a) |
4,140,000 |
4,055,863 |
Emerson
Electric Co. | ||
1.95%,
10/15/30
(a) |
1,475,000 |
1,272,265 |
2.20%,
12/21/31
(a) |
3,440,000 |
2,946,962 |
Flowserve
Corp. | ||
3.50%,
10/01/30
(a) |
1,630,000 |
1,450,135 |
2.80%,
01/15/32
(a) |
1,575,000 |
1,306,913 |
Fortune
Brands Innovations, Inc. | ||
3.25%,
09/15/29
(a) |
2,075,000 |
1,919,985 |
4.00%,
03/25/32
(a) |
1,425,000 |
1,330,838 |
5.88%,
06/01/33
(a) |
2,085,000 |
2,183,830 |
GE
Capital Funding LLC | ||
4.55%,
05/15/32
(a) |
1,560,000 |
1,531,299 |
General
Dynamics Corp. | ||
3.63%,
04/01/30
(a) |
3,125,000 |
3,005,826 |
2.25%,
06/01/31
(a) |
1,610,000 |
1,402,550 |
General
Electric Co. | ||
6.75%,
03/15/32
|
4,230,000 |
4,822,765 |
HEICO
Corp. | ||
5.35%,
08/01/33
(a) |
1,900,000 |
1,948,936 |
Honeywell
International, Inc. | ||
4.25%,
01/15/29
(a) |
1,760,000 |
1,764,947 |
2.70%,
08/15/29
(a) |
2,615,000 |
2,419,981 |
1.95%,
06/01/30
(a) |
3,200,000 |
2,781,718 |
1.75%,
09/01/31
(a) |
4,775,000 |
3,988,557 |
5.00%,
02/15/33
(a) |
3,650,000 |
3,824,416 |
Howmet
Aerospace, Inc. | ||
3.00%,
01/15/29
(a) |
2,200,000 |
2,010,835 |
Hubbell,
Inc. | ||
2.30%,
03/15/31
(a) |
950,000 |
800,188 |
Huntington
Ingalls Industries, Inc. | ||
4.20%,
05/01/30
(a) |
1,543,000 |
1,469,159 |
IDEX
Corp. | ||
3.00%,
05/01/30
(a) |
1,550,000 |
1,383,711 |
2.63%,
06/15/31
(a) |
1,655,000 |
1,413,260 |
Ingersoll
Rand, Inc. | ||
5.70%,
08/14/33
(a) |
3,125,000 |
3,310,291 |
John
Deere Capital Corp. | ||
3.45%,
03/07/29
|
2,020,000 |
1,939,157 |
3.35%,
04/18/29
|
2,100,000 |
2,014,467 |
2.80%,
07/18/29
|
2,055,000 |
1,906,561 |
4.85%,
10/11/29
|
650,000 |
669,723 |
2.45%,
01/09/30
|
1,730,000 |
1,561,788 |
4.70%,
06/10/30
|
2,810,000 |
2,856,780 |
1.45%,
01/15/31
|
2,000,000 |
1,647,946 |
2.00%,
06/17/31
|
2,080,000 |
1,767,331 |
3.90%,
06/07/32
|
1,706,000 |
1,647,559 |
4.35%,
09/15/32
|
1,950,000 |
1,945,690 |
5.15%,
09/08/33
|
3,300,000 |
3,476,943 |
Johnson
Controls International PLC/Tyco Fire & Security Finance
SCA | ||
1.75%,
09/15/30
(a) |
2,130,000 |
1,771,511 |
2.00%,
09/16/31
(a) |
1,690,000 |
1,411,346 |
4.90%,
12/01/32
(a) |
1,275,000 |
1,289,598 |
Kennametal,
Inc. | ||
2.80%,
03/01/31
(a) |
875,000 |
738,705 |
L3Harris
Technologies, Inc. | ||
2.90%,
12/15/29
(a) |
1,500,000 |
1,358,703 |
1.80%,
01/15/31
(a) |
1,800,000 |
1,483,698 |
5.40%,
07/31/33
(a) |
4,775,000 |
4,973,307 |
Leggett
& Platt, Inc. | ||
4.40%,
03/15/29
(a) |
1,575,000 |
1,530,501 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Lockheed
Martin Corp. | ||
1.85%,
06/15/30
(a) |
1,250,000 |
1,075,107 |
3.90%,
06/15/32
(a) |
2,695,000 |
2,603,283 |
5.25%,
01/15/33
(a) |
3,125,000 |
3,318,575 |
Martin
Marietta Materials, Inc. | ||
2.50%,
03/15/30
(a) |
1,635,000 |
1,443,549 |
2.40%,
07/15/31
(a) |
2,755,000 |
2,349,709 |
Masco
Corp. | ||
2.00%,
10/01/30
(a) |
995,000 |
822,910 |
2.00%,
02/15/31
(a) |
1,920,000 |
1,584,593 |
Mohawk
Industries, Inc. | ||
3.63%,
05/15/30
(a)(c) |
1,565,000 |
1,450,736 |
Nordson
Corp. | ||
5.80%,
09/15/33
(a) |
1,500,000 |
1,595,568 |
Northrop
Grumman Corp. | ||
4.40%,
05/01/30
(a) |
2,328,000 |
2,315,852 |
4.70%,
03/15/33
(a) |
3,220,000 |
3,252,264 |
nVent
Finance SARL | ||
2.75%,
11/15/31
(a) |
750,000 |
617,688 |
5.65%,
05/15/33
(a) |
1,600,000 |
1,629,241 |
Oshkosh
Corp. | ||
3.10%,
03/01/30
(a) |
1,025,000 |
923,816 |
Otis
Worldwide Corp. | ||
2.57%,
02/15/30
(a) |
4,725,000 |
4,208,339 |
Owens
Corning | ||
3.95%,
08/15/29
(a) |
1,425,000 |
1,360,023 |
3.88%,
06/01/30
(a) |
985,000 |
927,014 |
Parker-Hannifin
Corp. | ||
3.25%,
06/14/29
(a) |
3,300,000 |
3,109,075 |
4.50%,
09/15/29
(a) |
3,135,000 |
3,147,603 |
Pentair
Finance SARL | ||
4.50%,
07/01/29
(a) |
1,250,000 |
1,206,415 |
5.90%,
07/15/32
(a) |
1,285,000 |
1,337,476 |
Regal
Rexnord Corp. | ||
6.30%,
02/15/30
(a)(e) |
3,440,000 |
3,543,892 |
6.40%,
04/15/33
(a)(e) |
4,000,000 |
4,183,761 |
Republic
Services, Inc. | ||
4.88%,
04/01/29
(a) |
2,450,000 |
2,499,494 |
2.30%,
03/01/30
(a) |
1,825,000 |
1,609,754 |
1.45%,
02/15/31
(a) |
2,125,000 |
1,729,390 |
1.75%,
02/15/32
(a) |
2,460,000 |
2,006,770 |
2.38%,
03/15/33
(a) |
2,220,000 |
1,858,819 |
5.00%,
12/15/33
(a) |
2,000,000 |
2,043,364 |
Rockwell
Automation, Inc. | ||
3.50%,
03/01/29
(a) |
1,342,000 |
1,301,964 |
1.75%,
08/15/31
(a) |
1,350,000 |
1,116,566 |
RTX
Corp. | ||
5.75%,
01/15/29
(a) |
1,625,000 |
1,700,789 |
7.50%,
09/15/29
|
1,375,000 |
1,554,253 |
2.25%,
07/01/30
(a) |
3,045,000 |
2,632,387 |
6.00%,
03/15/31
(a) |
3,225,000 |
3,437,459 |
1.90%,
09/01/31
(a) |
3,195,000 |
2,602,154 |
2.38%,
03/15/32
(a) |
3,100,000 |
2,584,365 |
5.15%,
02/27/33
(a) |
3,970,000 |
4,049,498 |
Sonoco
Products Co. | ||
3.13%,
05/01/30
(a) |
1,910,000 |
1,729,440 |
2.85%,
02/01/32
(a) |
1,600,000 |
1,367,404 |
Stanley
Black & Decker, Inc. | ||
2.30%,
03/15/30
(a) |
2,350,000 |
2,000,671 |
3.00%,
05/15/32
(a) |
1,630,000 |
1,411,925 |
Teledyne
Technologies, Inc. | ||
2.75%,
04/01/31
(a) |
3,210,000 |
2,798,765 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Textron,
Inc. | ||
3.90%,
09/17/29
(a) |
1,140,000 |
1,087,089 |
3.00%,
06/01/30
(a) |
2,125,000 |
1,904,573 |
2.45%,
03/15/31
(a) |
1,475,000 |
1,257,204 |
6.10%,
11/15/33
(a) |
1,145,000 |
1,224,736 |
Timken
Co. | ||
4.13%,
04/01/32
(a) |
1,075,000 |
991,663 |
Trane
Technologies Financing Ltd. | ||
3.80%,
03/21/29
(a) |
2,770,000 |
2,686,570 |
5.25%,
03/03/33
(a) |
1,960,000 |
2,032,874 |
Veralto
Corp. | ||
5.45%,
09/18/33
(a)(e) |
2,200,000 |
2,283,763 |
Vontier
Corp. | ||
2.95%,
04/01/31
(a) |
1,900,000 |
1,600,686 |
Vulcan
Materials Co. | ||
3.50%,
06/01/30
(a) |
2,450,000 |
2,282,316 |
Waste
Connections, Inc. | ||
3.50%,
05/01/29
(a) |
2,000,000 |
1,915,544 |
2.60%,
02/01/30
(a) |
1,836,000 |
1,650,921 |
2.20%,
01/15/32
(a) |
2,075,000 |
1,734,461 |
3.20%,
06/01/32
(a) |
1,575,000 |
1,416,697 |
4.20%,
01/15/33
(a) |
2,300,000 |
2,236,648 |
Waste
Management, Inc. | ||
4.88%,
02/15/29
(a) |
2,400,000 |
2,456,864 |
2.00%,
06/01/29
(a) |
1,525,000 |
1,359,054 |
4.63%,
02/15/30
(a) |
2,410,000 |
2,439,797 |
1.50%,
03/15/31
(a) |
3,210,000 |
2,625,201 |
4.15%,
04/15/32
(a) |
3,191,000 |
3,119,643 |
4.63%,
02/15/33
(a) |
1,550,000 |
1,556,743 |
Xylem,
Inc. | ||
2.25%,
01/30/31
(a) |
1,700,000 |
1,458,338 |
|
|
303,232,633 |
Communications
8.2%
| ||
America
Movil SAB de CV | ||
3.63%,
04/22/29
(a) |
3,180,000 |
3,009,362 |
2.88%,
05/07/30
(a) |
2,990,000 |
2,666,667 |
4.70%,
07/21/32
(a) |
2,420,000 |
2,375,368 |
American
Tower Corp. | ||
3.95%,
03/15/29
(a) |
2,010,000 |
1,922,573 |
3.80%,
08/15/29
(a) |
5,380,000 |
5,109,206 |
2.90%,
01/15/30
(a) |
2,170,000 |
1,940,358 |
2.10%,
06/15/30
(a) |
2,575,000 |
2,162,752 |
1.88%,
10/15/30
(a) |
2,510,000 |
2,060,204 |
2.70%,
04/15/31
(a) |
2,450,000 |
2,108,930 |
2.30%,
09/15/31
(a) |
2,375,000 |
1,968,514 |
4.05%,
03/15/32
(a) |
1,850,000 |
1,736,372 |
5.65%,
03/15/33
(a) |
2,950,000 |
3,069,307 |
5.55%,
07/15/33
(a) |
2,725,000 |
2,826,796 |
5.90%,
11/15/33
(a) |
1,800,000 |
1,911,457 |
AT&T,
Inc. | ||
4.35%,
03/01/29
(a) |
9,525,000 |
9,408,192 |
4.30%,
02/15/30
(a) |
10,110,000 |
9,900,346 |
2.75%,
06/01/31
(a) |
9,450,000 |
8,286,659 |
2.25%,
02/01/32
(a) |
8,000,000 |
6,621,500 |
2.55%,
12/01/33
(a) |
12,000,000 |
9,799,081 |
Bell
Telephone Co. of Canada or Bell Canada | ||
2.15%,
02/15/32
(a) |
1,755,000 |
1,456,949 |
5.10%,
05/11/33
(a) |
2,700,000 |
2,770,087 |
British
Telecommunications PLC | ||
9.63%,
12/15/30
(f) |
8,750,000 |
10,842,586 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
2.25%,
01/15/29
(a) |
3,975,000 |
3,455,312 |
5.05%,
03/30/29
(a) |
4,095,000 |
4,057,887 |
2.80%,
04/01/31
(a) |
5,050,000 |
4,267,616 |
2.30%,
02/01/32
(a) |
3,145,000 |
2,505,793 |
4.40%,
04/01/33
(a)(c) |
3,200,000 |
2,964,721 |
Comcast
Corp. | ||
4.55%,
01/15/29
(a) |
3,125,000 |
3,142,927 |
2.65%,
02/01/30
(a) |
4,935,000 |
4,442,333 |
3.40%,
04/01/30
(a) |
5,000,000 |
4,684,658 |
4.25%,
10/15/30
(a) |
4,840,000 |
4,774,049 |
1.95%,
01/15/31
(a) |
5,050,000 |
4,261,974 |
1.50%,
02/15/31
(a) |
5,475,000 |
4,469,166 |
5.50%,
11/15/32
(a) |
3,350,000 |
3,569,767 |
4.25%,
01/15/33
|
5,435,000 |
5,283,626 |
4.65%,
02/15/33
(a) |
3,090,000 |
3,121,797 |
7.05%,
03/15/33
|
2,425,000 |
2,836,041 |
4.80%,
05/15/33
(a) |
3,130,000 |
3,172,391 |
Crown
Castle, Inc. | ||
4.30%,
02/15/29
(a) |
1,880,000 |
1,812,008 |
5.60%,
06/01/29
(a) |
2,550,000 |
2,610,333 |
3.10%,
11/15/29
(a) |
1,725,000 |
1,546,834 |
3.30%,
07/01/30
(a) |
2,350,000 |
2,109,275 |
2.25%,
01/15/31
(a) |
3,440,000 |
2,851,834 |
2.10%,
04/01/31
(a) |
3,225,000 |
2,629,014 |
2.50%,
07/15/31
(a) |
2,400,000 |
2,003,120 |
5.10%,
05/01/33
(a) |
2,350,000 |
2,333,648 |
Deutsche
Telekom International Finance BV | ||
8.75%,
06/15/30
(f) |
11,105,000 |
13,395,613 |
9.25%,
06/01/32
|
1,445,000 |
1,877,132 |
Discovery
Communications LLC | ||
4.13%,
05/15/29
(a) |
2,350,000 |
2,230,499 |
3.63%,
05/15/30
(a) |
3,190,000 |
2,897,164 |
Electronic
Arts, Inc. | ||
1.85%,
02/15/31
(a) |
2,495,000 |
2,084,601 |
Fox
Corp. | ||
4.71%,
01/25/29
(a) |
6,290,000 |
6,262,067 |
3.50%,
04/08/30
(a) |
1,921,000 |
1,773,555 |
6.50%,
10/13/33
(a) |
4,110,000 |
4,452,522 |
Grupo
Televisa SAB | ||
8.50%,
03/11/32
|
870,000 |
1,022,109 |
Interpublic
Group of Cos., Inc. | ||
4.75%,
03/30/30
(a) |
2,075,000 |
2,045,156 |
2.40%,
03/01/31
(a) |
1,600,000 |
1,357,146 |
5.38%,
06/15/33
(a) |
900,000 |
917,050 |
Koninklijke
KPN NV | ||
8.38%,
10/01/30
|
1,750,000 |
2,064,147 |
Meta
Platforms, Inc. | ||
4.80%,
05/15/30
(a) |
3,375,000 |
3,460,531 |
3.85%,
08/15/32
(a) |
9,390,000 |
8,936,748 |
4.95%,
05/15/33
(a) |
5,560,000 |
5,743,189 |
Netflix,
Inc. | ||
6.38%,
05/15/29
|
2,575,000 |
2,806,520 |
Omnicom
Group, Inc. | ||
2.45%,
04/30/30
(a) |
1,880,000 |
1,635,899 |
4.20%,
06/01/30
(a) |
1,925,000 |
1,867,457 |
2.60%,
08/01/31
(a) |
2,590,000 |
2,227,020 |
Orange
SA | ||
9.00%,
03/01/31
|
7,950,000 |
9,831,090 |
Paramount
Global | ||
4.20%,
06/01/29
(a) |
1,685,000 |
1,579,361 |
7.88%,
07/30/30
|
2,770,000 |
3,003,638 |
4.95%,
01/15/31
(a) |
4,075,000 |
3,871,918 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.20%,
05/19/32
(a) |
3,350,000 |
2,997,198 |
5.50%,
05/15/33
|
1,200,000 |
1,139,760 |
Rogers
Communications, Inc. | ||
3.80%,
03/15/32
(a) |
6,225,000 |
5,739,246 |
Sprint
Capital Corp. | ||
8.75%,
03/15/32
|
6,490,000 |
8,010,511 |
Take-Two
Interactive Software, Inc. | ||
4.00%,
04/14/32
(a) |
1,485,000 |
1,414,456 |
Telefonica
Europe BV | ||
8.25%,
09/15/30
|
4,000,000 |
4,693,640 |
TELUS
Corp. | ||
3.40%,
05/13/32
(a) |
2,930,000 |
2,614,270 |
Time
Warner Cable Enterprises LLC | ||
8.38%,
07/15/33
|
3,200,000 |
3,723,957 |
T-Mobile
USA, Inc. | ||
2.63%,
02/15/29
(a) |
3,250,000 |
2,930,489 |
2.40%,
03/15/29
(a) |
1,675,000 |
1,503,200 |
3.38%,
04/15/29
(a) |
7,500,000 |
6,973,166 |
3.88%,
04/15/30
(a) |
22,150,000 |
21,034,110 |
2.55%,
02/15/31
(a) |
8,040,000 |
6,924,017 |
2.88%,
02/15/31
(a) |
3,365,000 |
2,964,211 |
3.50%,
04/15/31
(a) |
7,775,000 |
7,119,288 |
2.25%,
11/15/31
(a) |
3,305,000 |
2,752,711 |
2.70%,
03/15/32
(a) |
2,890,000 |
2,467,542 |
5.20%,
01/15/33
(a) |
3,750,000 |
3,844,936 |
5.05%,
07/15/33
(a) |
8,445,000 |
8,521,344 |
TWDC
Enterprises 18 Corp. | ||
7.00%,
03/01/32
|
1,525,000 |
1,786,475 |
Verizon
Communications, Inc. | ||
3.88%,
02/08/29
(a) |
3,280,000 |
3,181,978 |
4.02%,
12/03/29
(a) |
12,440,000 |
12,044,481 |
3.15%,
03/22/30
(a) |
4,850,000 |
4,438,933 |
1.50%,
09/18/30
(a) |
3,175,000 |
2,619,505 |
1.68%,
10/30/30
(a) |
3,450,000 |
2,843,902 |
7.75%,
12/01/30
|
1,900,000 |
2,229,303 |
1.75%,
01/20/31
(a) |
7,125,000 |
5,865,621 |
2.55%,
03/21/31
(a) |
11,875,000 |
10,246,606 |
2.36%,
03/15/32
(a) |
14,775,000 |
12,306,885 |
5.05%,
05/09/33
(a) |
3,125,000 |
3,192,349 |
4.50%,
08/10/33
|
6,800,000 |
6,639,090 |
6.40%,
09/15/33
|
1,230,000 |
1,373,100 |
Vodafone
Group PLC | ||
7.88%,
02/15/30
|
2,400,000 |
2,754,761 |
6.25%,
11/30/32
|
1,500,000 |
1,637,116 |
Walt
Disney Co. | ||
2.00%,
09/01/29
(a) |
6,225,000 |
5,533,107 |
3.80%,
03/22/30
|
3,970,000 |
3,858,622 |
2.65%,
01/13/31
|
8,000,000 |
7,125,951 |
6.55%,
03/15/33
|
1,145,000 |
1,327,366 |
Warnermedia
Holdings, Inc. | ||
4.05%,
03/15/29
(a) |
4,665,000 |
4,426,418 |
4.28%,
03/15/32
(a) |
15,880,000 |
14,532,202 |
Weibo
Corp. | ||
3.38%,
07/08/30
(a) |
2,400,000 |
2,067,032 |
|
|
469,600,377 |
Consumer
Cyclical 7.6%
| ||
Alibaba
Group Holding Ltd. | ||
2.13%,
02/09/31
(a) |
4,650,000 |
3,854,950 |
Amazon.com,
Inc. | ||
3.45%,
04/13/29
(a) |
4,795,000 |
4,648,438 |
4.65%,
12/01/29
(a) |
4,650,000 |
4,775,728 |
1.50%,
06/03/30
(a) |
6,375,000 |
5,404,509 |
2.10%,
05/12/31
(a) |
9,590,000 |
8,276,464 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.60%,
04/13/32
(a) |
8,050,000 |
7,668,558 |
4.70%,
12/01/32
(a) |
7,375,000 |
7,581,369 |
American
Honda Finance Corp. | ||
2.25%,
01/12/29
|
1,925,000 |
1,738,882 |
4.60%,
04/17/30
|
2,450,000 |
2,452,705 |
5.85%,
10/04/30
|
1,550,000 |
1,656,600 |
1.80%,
01/13/31
|
2,300,000 |
1,947,616 |
Aptiv
PLC | ||
4.35%,
03/15/29
(a) |
950,000 |
927,719 |
Aptiv
PLC/Aptiv Corp. | ||
3.25%,
03/01/32
(a) |
2,525,000 |
2,232,902 |
AutoNation,
Inc. | ||
4.75%,
06/01/30
(a) |
1,575,000 |
1,521,984 |
2.40%,
08/01/31
(a) |
1,455,000 |
1,173,567 |
3.85%,
03/01/32
(a) |
2,220,000 |
1,979,758 |
AutoZone,
Inc. | ||
3.75%,
04/18/29
(a) |
1,525,000 |
1,459,144 |
4.00%,
04/15/30
(a) |
2,250,000 |
2,165,598 |
1.65%,
01/15/31
(a) |
1,675,000 |
1,363,142 |
4.75%,
08/01/32
(a) |
2,400,000 |
2,380,533 |
4.75%,
02/01/33
(a) |
1,700,000 |
1,677,916 |
5.20%,
08/01/33
(a) |
1,000,000 |
1,018,407 |
6.55%,
11/01/33
(a) |
1,700,000 |
1,891,112 |
Best
Buy Co., Inc. | ||
1.95%,
10/01/30
(a) |
2,125,000 |
1,767,219 |
Block
Financial LLC | ||
3.88%,
08/15/30
(a) |
2,100,000 |
1,924,054 |
Booking
Holdings, Inc. | ||
4.63%,
04/13/30
(a) |
4,805,000 |
4,846,088 |
CBRE
Services, Inc. | ||
2.50%,
04/01/31
(a) |
1,610,000 |
1,363,183 |
Choice
Hotels International, Inc. | ||
3.70%,
12/01/29
(a) |
1,255,000 |
1,116,643 |
3.70%,
01/15/31
(a) |
1,450,000 |
1,255,113 |
Costco
Wholesale Corp. | ||
1.60%,
04/20/30
(a) |
5,625,000 |
4,823,786 |
1.75%,
04/20/32
(a) |
3,140,000 |
2,615,392 |
Cummins,
Inc. | ||
1.50%,
09/01/30
(a) |
2,765,000 |
2,308,924 |
Darden
Restaurants, Inc. | ||
6.30%,
10/10/33
(a) |
1,605,000 |
1,726,685 |
Dick's
Sporting Goods, Inc. | ||
3.15%,
01/15/32
(a) |
2,450,000 |
2,088,821 |
Dollar
General Corp. | ||
3.50%,
04/03/30
(a) |
3,225,000 |
2,974,026 |
5.00%,
11/01/32
(a)(c) |
2,145,000 |
2,142,898 |
5.45%,
07/05/33
(a)(c) |
3,180,000 |
3,244,075 |
Dollar
Tree, Inc. | ||
2.65%,
12/01/31
(a) |
2,550,000 |
2,166,930 |
eBay,
Inc. | ||
2.70%,
03/11/30
(a) |
3,075,000 |
2,741,717 |
2.60%,
05/10/31
(a) |
2,575,000 |
2,246,996 |
6.30%,
11/22/32
(a) |
1,250,000 |
1,377,794 |
Expedia
Group, Inc. | ||
3.25%,
02/15/30
(a) |
3,725,000 |
3,419,540 |
2.95%,
03/15/31
(a) |
1,730,000 |
1,530,810 |
Ford
Motor Co. | ||
9.63%,
04/22/30
(a) |
1,500,000 |
1,768,159 |
7.45%,
07/16/31
|
2,800,000 |
3,053,848 |
3.25%,
02/12/32
(a) |
8,000,000 |
6,659,865 |
6.10%,
08/19/32
(a)(c) |
5,700,000 |
5,756,223 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Ford
Motor Credit Co. LLC | ||
2.90%,
02/10/29
(a) |
2,500,000 |
2,192,201 |
5.11%,
05/03/29
(a) |
4,600,000 |
4,480,204 |
7.35%,
03/06/30
(a) |
3,800,000 |
4,082,460 |
7.20%,
06/10/30
(a) |
3,000,000 |
3,200,038 |
4.00%,
11/13/30
(a) |
5,000,000 |
4,486,809 |
3.63%,
06/17/31
(a) |
3,500,000 |
3,022,258 |
7.12%,
11/07/33
(a) |
4,000,000 |
4,312,784 |
General
Motors Co. | ||
5.40%,
10/15/29
(a) |
3,150,000 |
3,207,218 |
5.60%,
10/15/32
(a)(c) |
3,925,000 |
4,015,595 |
General
Motors Financial Co., Inc. | ||
5.80%,
01/07/29
(a) |
5,000,000 |
5,123,850 |
5.65%,
01/17/29
(a) |
1,500,000 |
1,536,399 |
4.30%,
04/06/29
(a) |
3,555,000 |
3,430,914 |
5.85%,
04/06/30
(a) |
3,200,000 |
3,303,631 |
3.60%,
06/21/30
(a) |
3,250,000 |
2,956,663 |
2.35%,
01/08/31
(a) |
3,150,000 |
2,606,613 |
2.70%,
06/10/31
(a) |
3,565,000 |
2,991,899 |
3.10%,
01/12/32
(a) |
3,985,000 |
3,397,867 |
6.40%,
01/09/33
(a) |
3,025,000 |
3,223,002 |
Genuine
Parts Co. | ||
1.88%,
11/01/30
(a) |
1,750,000 |
1,420,310 |
2.75%,
02/01/32
(a) |
1,625,000 |
1,360,384 |
6.88%,
11/01/33
(a) |
1,200,000 |
1,334,377 |
GLP
Capital LP/GLP Financing II, Inc. | ||
5.30%,
01/15/29
(a) |
2,500,000 |
2,490,290 |
4.00%,
01/15/30
(a) |
2,185,000 |
1,995,351 |
4.00%,
01/15/31
(a) |
2,075,000 |
1,870,584 |
3.25%,
01/15/32
(a) |
2,527,000 |
2,145,147 |
6.75%,
12/01/33
(a) |
1,400,000 |
1,511,722 |
Home
Depot, Inc. | ||
4.90%,
04/15/29
(a) |
2,300,000 |
2,365,172 |
2.95%,
06/15/29
(a) |
5,669,000 |
5,338,108 |
2.70%,
04/15/30
(a) |
4,585,000 |
4,195,964 |
1.38%,
03/15/31
(a) |
4,075,000 |
3,333,855 |
1.88%,
09/15/31
(a) |
3,400,000 |
2,847,565 |
3.25%,
04/15/32
(a) |
3,940,000 |
3,644,427 |
4.50%,
09/15/32
(a) |
3,950,000 |
4,031,467 |
Honda
Motor Co. Ltd. | ||
2.97%,
03/10/32
(a) |
2,000,000 |
1,830,263 |
Hyatt
Hotels Corp. | ||
5.75%,
04/23/30
(a) |
1,400,000 |
1,453,865 |
JD.com,
Inc. | ||
3.38%,
01/14/30
(a) |
2,130,000 |
1,930,278 |
Lear
Corp. | ||
4.25%,
05/15/29
(a) |
1,140,000 |
1,097,210 |
3.50%,
05/30/30
(a) |
1,175,000 |
1,053,678 |
2.60%,
01/15/32
(a) |
1,050,000 |
861,342 |
LKQ
Corp. | ||
6.25%,
06/15/33
(a) |
1,950,000 |
2,039,502 |
Lowe's
Cos., Inc. | ||
6.50%,
03/15/29
|
1,072,000 |
1,164,390 |
3.65%,
04/05/29
(a) |
4,795,000 |
4,625,244 |
4.50%,
04/15/30
(a) |
4,210,000 |
4,190,955 |
1.70%,
10/15/30
(a) |
3,725,000 |
3,099,373 |
2.63%,
04/01/31
(a) |
4,725,000 |
4,145,394 |
3.75%,
04/01/32
(a) |
4,855,000 |
4,541,377 |
5.00%,
04/15/33
(a) |
3,800,000 |
3,883,540 |
5.15%,
07/01/33
(a) |
3,250,000 |
3,342,219 |
Magna
International, Inc. | ||
2.45%,
06/15/30
(a) |
2,375,000 |
2,082,200 |
5.50%,
03/21/33
(a) |
1,600,000 |
1,696,897 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Marriott
International, Inc. | ||
4.90%,
04/15/29
(a) |
2,580,000 |
2,600,681 |
4.63%,
06/15/30
(a) |
3,110,000 |
3,060,499 |
2.85%,
04/15/31
(a) |
3,470,000 |
3,012,426 |
3.50%,
10/15/32
(a) |
3,260,000 |
2,910,290 |
2.75%,
10/15/33
(a) |
2,100,000 |
1,735,950 |
McDonald's
Corp. | ||
2.63%,
09/01/29
(a) |
3,175,000 |
2,907,396 |
2.13%,
03/01/30
(a) |
2,325,000 |
2,033,621 |
3.60%,
07/01/30
(a) |
3,265,000 |
3,099,754 |
4.60%,
09/09/32
(a) |
2,375,000 |
2,407,923 |
4.95%,
08/14/33
(a) |
1,910,000 |
1,964,922 |
MDC
Holdings, Inc. | ||
3.85%,
01/15/30
(a) |
975,000 |
895,009 |
2.50%,
01/15/31
(a) |
1,120,000 |
921,184 |
Mercedes-Benz
Finance North America LLC | ||
8.50%,
01/18/31
|
4,755,000 |
5,967,535 |
NIKE,
Inc. | ||
2.85%,
03/27/30
(a) |
4,750,000 |
4,371,349 |
NVR,
Inc. | ||
3.00%,
05/15/30
(a) |
2,875,000 |
2,565,745 |
O'Reilly
Automotive, Inc. | ||
3.90%,
06/01/29
(a) |
1,850,000 |
1,787,919 |
4.20%,
04/01/30
(a) |
1,540,000 |
1,487,328 |
1.75%,
03/15/31
(a) |
1,400,000 |
1,143,789 |
4.70%,
06/15/32
(a) |
2,705,000 |
2,678,752 |
PulteGroup,
Inc. | ||
7.88%,
06/15/32
|
1,140,000 |
1,342,384 |
6.38%,
05/15/33
|
1,070,000 |
1,172,641 |
Ralph
Lauren Corp. | ||
2.95%,
06/15/30
(a) |
2,420,000 |
2,205,218 |
Ross
Stores, Inc. | ||
1.88%,
04/15/31
(a) |
1,520,000 |
1,252,450 |
Sands
China Ltd. | ||
3.10%,
03/08/29
(a) |
2,050,000 |
1,783,631 |
4.63%,
06/18/30
(a) |
2,300,000 |
2,098,344 |
3.50%,
08/08/31
(a) |
1,870,000 |
1,562,323 |
Starbucks
Corp. | ||
3.55%,
08/15/29
(a) |
3,275,000 |
3,160,125 |
2.25%,
03/12/30
(a) |
2,425,000 |
2,130,715 |
2.55%,
11/15/30
(a) |
4,205,000 |
3,720,162 |
3.00%,
02/14/32
(a)(c) |
2,925,000 |
2,624,481 |
4.80%,
02/15/33
(a)(c) |
1,540,000 |
1,573,148 |
Tapestry,
Inc. | ||
7.70%,
11/27/30
(a) |
3,150,000 |
3,322,590 |
3.05%,
03/15/32
(a) |
1,630,000 |
1,326,650 |
7.85%,
11/27/33
(a) |
4,050,000 |
4,326,385 |
Target
Corp. | ||
3.38%,
04/15/29
(a) |
3,195,000 |
3,077,799 |
2.35%,
02/15/30
(a) |
2,200,000 |
1,968,386 |
2.65%,
09/15/30
(a) |
1,525,000 |
1,369,242 |
4.50%,
09/15/32
(a) |
3,170,000 |
3,204,303 |
6.35%,
11/01/32
|
1,000,000 |
1,132,466 |
4.40%,
01/15/33
(a)(c) |
1,700,000 |
1,717,011 |
TJX
Cos., Inc. | ||
3.88%,
04/15/30
(a) |
1,525,000 |
1,475,271 |
1.60%,
05/15/31
(a) |
1,540,000 |
1,279,728 |
Toll
Brothers Finance Corp. | ||
3.80%,
11/01/29
(a) |
1,300,000 |
1,219,015 |
Toyota
Motor Corp. | ||
2.76%,
07/02/29
|
1,500,000 |
1,407,849 |
2.36%,
03/25/31
(a)(c) |
1,560,000 |
1,372,032 |
5.12%,
07/13/33
(a)(c) |
1,600,000 |
1,729,553 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Toyota
Motor Credit Corp. | ||
3.65%,
01/08/29
|
1,475,000 |
1,441,285 |
4.45%,
06/29/29
|
2,625,000 |
2,639,037 |
2.15%,
02/13/30
|
2,650,000 |
2,341,517 |
3.38%,
04/01/30
|
3,100,000 |
2,916,360 |
4.55%,
05/17/30
|
2,300,000 |
2,318,483 |
5.55%,
11/20/30
|
3,500,000 |
3,689,577 |
1.65%,
01/10/31
|
1,780,000 |
1,484,106 |
1.90%,
09/12/31
|
1,500,000 |
1,251,716 |
2.40%,
01/13/32
|
1,165,000 |
1,001,252 |
4.70%,
01/12/33
|
1,700,000 |
1,746,955 |
Tractor
Supply Co. | ||
1.75%,
11/01/30
(a) |
2,075,000 |
1,702,872 |
5.25%,
05/15/33
(a) |
2,400,000 |
2,464,972 |
VF
Corp. | ||
2.95%,
04/23/30
(a) |
2,425,000 |
2,029,768 |
VICI
Properties LP | ||
4.95%,
02/15/30
(a) |
3,200,000 |
3,107,451 |
5.13%,
05/15/32
(a) |
4,510,000 |
4,402,127 |
Walmart,
Inc. | ||
3.25%,
07/08/29
(a) |
2,475,000 |
2,377,949 |
2.38%,
09/24/29
(a) |
1,040,000 |
948,935 |
7.55%,
02/15/30
|
1,550,000 |
1,833,366 |
4.00%,
04/15/30
(a) |
1,645,000 |
1,642,735 |
1.80%,
09/22/31
(a) |
6,400,000 |
5,431,273 |
4.15%,
09/09/32
(a) |
3,950,000 |
3,952,298 |
4.10%,
04/15/33
(a) |
4,630,000 |
4,581,150 |
|
|
436,620,403 |
Consumer
Non-Cyclical 13.7%
| ||
Abbott
Laboratories | ||
1.40%,
06/30/30
(a) |
1,995,000 |
1,689,869 |
AbbVie,
Inc. | ||
3.20%,
11/21/29
(a) |
17,320,000 |
16,193,092 |
Adventist
Health System | ||
2.95%,
03/01/29
(a) |
980,000 |
886,917 |
5.43%,
03/01/32
(a) |
1,100,000 |
1,121,958 |
Advocate
Health & Hospitals Corp. | ||
2.21%,
06/15/30
(a) |
950,000 |
818,109 |
Agilent
Technologies, Inc. | ||
2.75%,
09/15/29
(a) |
1,500,000 |
1,374,736 |
2.10%,
06/04/30
(a) |
1,575,000 |
1,357,702 |
2.30%,
03/12/31
(a) |
2,840,000 |
2,465,242 |
Ahold
Finance USA LLC | ||
6.88%,
05/01/29
|
1,500,000 |
1,663,490 |
Altria
Group, Inc. | ||
4.80%,
02/14/29
(a) |
6,070,000 |
6,060,208 |
3.40%,
05/06/30
(a) |
2,425,000 |
2,217,906 |
2.45%,
02/04/32
(a) |
5,545,000 |
4,534,934 |
6.88%,
11/01/33
(a) |
1,600,000 |
1,764,176 |
Amgen,
Inc. | ||
3.00%,
02/22/29
(a) |
2,450,000 |
2,305,647 |
4.05%,
08/18/29
(a) |
4,100,000 |
4,015,959 |
2.45%,
02/21/30
(a) |
3,950,000 |
3,504,038 |
5.25%,
03/02/30
(a) |
8,715,000 |
8,965,319 |
2.30%,
02/25/31
(a) |
3,945,000 |
3,375,485 |
2.00%,
01/15/32
(a) |
3,200,000 |
2,623,875 |
3.35%,
02/22/32
(a) |
3,265,000 |
2,983,175 |
4.20%,
03/01/33
(a) |
2,450,000 |
2,333,810 |
5.25%,
03/02/33
(a) |
13,500,000 |
13,842,039 |
Anheuser-Busch
InBev Worldwide, Inc. | ||
4.75%,
01/23/29
(a) |
13,570,000 |
13,802,850 |
3.50%,
06/01/30
(a) |
5,540,000 |
5,282,262 |
4.90%,
01/23/31
(a) |
2,450,000 |
2,549,483 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Archer-Daniels-Midland
Co. | ||
3.25%,
03/27/30
(a) |
3,475,000 |
3,247,742 |
2.90%,
03/01/32
(a) |
2,750,000 |
2,449,078 |
5.94%,
10/01/32
|
1,010,000 |
1,115,049 |
4.50%,
08/15/33
(a) |
1,050,000 |
1,053,259 |
Ascension
Health | ||
2.53%,
11/15/29
(a) |
2,825,000 |
2,528,947 |
Astrazeneca
Finance LLC | ||
4.90%,
03/03/30
(a) |
1,950,000 |
2,009,295 |
2.25%,
05/28/31
(a) |
2,350,000 |
2,028,057 |
4.88%,
03/03/33
(a) |
1,550,000 |
1,605,091 |
AstraZeneca
PLC | ||
4.00%,
01/17/29
(a) |
3,105,000 |
3,068,655 |
1.38%,
08/06/30
(a) |
4,465,000 |
3,717,222 |
Banner
Health | ||
2.34%,
01/01/30
(a) |
1,010,000 |
881,503 |
1.90%,
01/01/31
(a) |
1,000,000 |
828,513 |
BAT
Capital Corp. | ||
3.46%,
09/06/29
(a) |
1,600,000 |
1,474,308 |
4.91%,
04/02/30
(a) |
3,200,000 |
3,150,709 |
6.34%,
08/02/30
(a) |
3,150,000 |
3,314,722 |
2.73%,
03/25/31
(a) |
3,975,000 |
3,337,562 |
4.74%,
03/16/32
(a) |
2,800,000 |
2,692,643 |
7.75%,
10/19/32
(a) |
1,925,000 |
2,173,336 |
6.42%,
08/02/33
(a) |
3,950,000 |
4,140,102 |
BAT
International Finance PLC | ||
5.93%,
02/02/29
(a) |
3,185,000 |
3,313,585 |
Baxter
International, Inc. | ||
3.95%,
04/01/30
(a) |
1,700,000 |
1,615,916 |
1.73%,
04/01/31
(a) |
1,970,000 |
1,604,536 |
2.54%,
02/01/32
(a) |
4,880,000 |
4,098,630 |
Baylor
Scott & White Holdings | ||
1.78%,
11/15/30
(a) |
875,000 |
728,191 |
Becton
Dickinson & Co. | ||
2.82%,
05/20/30
(a) |
2,225,000 |
1,991,013 |
1.96%,
02/11/31
(a) |
3,225,000 |
2,690,673 |
4.30%,
08/22/32
(a) |
1,650,000 |
1,598,031 |
Biogen,
Inc. | ||
2.25%,
05/01/30
(a) |
4,725,000 |
4,037,288 |
Bio-Rad
Laboratories, Inc. | ||
3.70%,
03/15/32
(a) |
2,525,000 |
2,277,228 |
Bon
Secours Mercy Health, Inc. | ||
3.46%,
06/01/30
(a) |
1,110,000 |
1,010,085 |
2.10%,
06/01/31
(a) |
1,080,000 |
890,903 |
Boston
Scientific Corp. | ||
2.65%,
06/01/30
(a) |
3,825,000 |
3,419,266 |
Bristol-Myers
Squibb Co. | ||
3.40%,
07/26/29
(a) |
7,490,000 |
7,107,215 |
1.45%,
11/13/30
(a) |
3,575,000 |
2,939,712 |
5.75%,
02/01/31
(a) |
3,200,000 |
3,427,809 |
2.95%,
03/15/32
(a) |
5,800,000 |
5,159,518 |
5.90%,
11/15/33
(a) |
3,350,000 |
3,652,513 |
Brown-Forman
Corp. | ||
4.75%,
04/15/33
(a) |
2,075,000 |
2,117,174 |
Brunswick
Corp. | ||
2.40%,
08/18/31
(a) |
1,755,000 |
1,423,035 |
4.40%,
09/15/32
(a) |
1,450,000 |
1,322,456 |
Bunge
Ltd. Finance Corp. | ||
2.75%,
05/14/31
(a) |
3,175,000 |
2,767,172 |
Campbell
Soup Co. | ||
2.38%,
04/24/30
(a) |
1,475,000 |
1,279,416 |
Cedars-Sinai
Health System | ||
2.29%,
08/15/31
(a) |
995,000 |
835,633 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Cencora,
Inc. | ||
2.80%,
05/15/30
(a) |
1,450,000 |
1,301,625 |
2.70%,
03/15/31
(a) |
3,275,000 |
2,874,290 |
Church
& Dwight Co., Inc. | ||
2.30%,
12/15/31
(a) |
1,220,000 |
1,037,847 |
5.60%,
11/15/32
(a) |
1,600,000 |
1,719,870 |
Cigna
Group | ||
2.40%,
03/15/30
(a) |
4,700,000 |
4,119,016 |
2.38%,
03/15/31
(a) |
4,785,000 |
4,087,497 |
5.40%,
03/15/33
(a) |
2,475,000 |
2,577,255 |
Clorox
Co. | ||
4.40%,
05/01/29
(a) |
1,600,000 |
1,586,501 |
1.80%,
05/15/30
(a) |
1,785,000 |
1,492,102 |
4.60%,
05/01/32
(a) |
1,895,000 |
1,891,085 |
Coca-Cola
Co. | ||
2.13%,
09/06/29
|
3,200,000 |
2,893,945 |
3.45%,
03/25/30
|
3,975,000 |
3,816,609 |
1.65%,
06/01/30
|
4,760,000 |
4,080,986 |
2.00%,
03/05/31
|
2,260,000 |
1,952,279 |
1.38%,
03/15/31
|
4,380,000 |
3,617,187 |
2.25%,
01/05/32
|
6,375,000 |
5,572,465 |
Coca-Cola
Femsa SAB de CV | ||
2.75%,
01/22/30
(a) |
3,250,000 |
2,924,693 |
1.85%,
09/01/32
(a) |
2,000,000 |
1,595,303 |
Colgate-Palmolive
Co. | ||
3.25%,
08/15/32
(a) |
1,575,000 |
1,464,706 |
4.60%,
03/01/33
(a)(c) |
1,600,000 |
1,664,824 |
CommonSpirit
Health | ||
3.35%,
10/01/29
(a) |
2,920,000 |
2,668,371 |
2.78%,
10/01/30
(a) |
1,750,000 |
1,518,958 |
Conagra
Brands, Inc. | ||
8.25%,
09/15/30
|
925,000 |
1,081,710 |
Constellation
Brands, Inc. | ||
3.15%,
08/01/29
(a) |
2,525,000 |
2,353,047 |
2.88%,
05/01/30
(a) |
1,900,000 |
1,704,190 |
2.25%,
08/01/31
(a) |
3,180,000 |
2,676,878 |
4.75%,
05/09/32
(a) |
2,375,000 |
2,371,024 |
4.90%,
05/01/33
(a) |
2,375,000 |
2,390,722 |
CVS
Health Corp. | ||
5.00%,
01/30/29
(a) |
3,165,000 |
3,221,115 |
3.25%,
08/15/29
(a) |
5,620,000 |
5,235,827 |
5.13%,
02/21/30
(a) |
4,695,000 |
4,771,902 |
3.75%,
04/01/30
(a) |
4,875,000 |
4,597,273 |
1.75%,
08/21/30
(a) |
4,180,000 |
3,457,753 |
5.25%,
01/30/31
(a) |
2,400,000 |
2,466,071 |
1.88%,
02/28/31
(a) |
3,970,000 |
3,269,203 |
2.13%,
09/15/31
(a) |
3,150,000 |
2,609,119 |
5.25%,
02/21/33
(a) |
5,565,000 |
5,692,667 |
5.30%,
06/01/33
(a) |
3,900,000 |
4,005,940 |
DENTSPLY
SIRONA, Inc. | ||
3.25%,
06/01/30
(a) |
2,415,000 |
2,137,012 |
DH
Europe Finance II SARL | ||
2.60%,
11/15/29
(a) |
2,550,000 |
2,309,122 |
Diageo
Capital PLC | ||
2.38%,
10/24/29
(a) |
3,200,000 |
2,887,710 |
2.00%,
04/29/30
(a) |
3,175,000 |
2,749,145 |
2.13%,
04/29/32
(a) |
2,390,000 |
1,997,684 |
5.50%,
01/24/33
(a) |
2,400,000 |
2,558,088 |
5.63%,
10/05/33
(a) |
3,200,000 |
3,456,793 |
Eli
Lilly & Co. | ||
3.38%,
03/15/29
(a) |
3,050,000 |
2,934,973 |
4.70%,
02/27/33
(a) |
3,150,000 |
3,235,306 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Estee
Lauder Cos., Inc. | ||
2.38%,
12/01/29
(a) |
2,150,000 |
1,916,467 |
2.60%,
04/15/30
(a) |
2,030,000 |
1,800,864 |
1.95%,
03/15/31
(a) |
1,785,000 |
1,497,166 |
4.65%,
05/15/33
(a)(c) |
2,450,000 |
2,465,695 |
Flowers
Foods, Inc. | ||
2.40%,
03/15/31
(a) |
1,580,000 |
1,331,581 |
GE
HealthCare Technologies, Inc. | ||
5.86%,
03/15/30
(a) |
4,130,000 |
4,344,446 |
5.91%,
11/22/32
(a) |
5,400,000 |
5,767,518 |
General
Mills, Inc. | ||
2.88%,
04/15/30
(a) |
2,290,000 |
2,070,808 |
2.25%,
10/14/31
(a) |
1,500,000 |
1,262,778 |
4.95%,
03/29/33
(a) |
3,225,000 |
3,272,288 |
Gilead
Sciences, Inc. | ||
1.65%,
10/01/30
(a) |
3,150,000 |
2,641,696 |
5.25%,
10/15/33
(a) |
3,200,000 |
3,341,085 |
GlaxoSmithKline
Capital PLC | ||
3.38%,
06/01/29
(a) |
3,160,000 |
3,045,544 |
Haleon
U.S. Capital LLC | ||
3.38%,
03/24/29
(a) |
3,350,000 |
3,174,141 |
3.63%,
03/24/32
(a) |
6,325,000 |
5,847,743 |
Hasbro,
Inc. | ||
3.90%,
11/19/29
(a) |
2,910,000 |
2,716,994 |
HCA,
Inc. | ||
5.88%,
02/01/29
(a) |
3,150,000 |
3,251,392 |
3.38%,
03/15/29
(a) |
1,650,000 |
1,524,172 |
4.13%,
06/15/29
(a) |
6,370,000 |
6,098,883 |
3.50%,
09/01/30
(a) |
8,605,000 |
7,807,623 |
2.38%,
07/15/31
(a) |
2,650,000 |
2,193,234 |
3.63%,
03/15/32
(a) |
6,500,000 |
5,819,244 |
5.50%,
06/01/33
(a) |
4,035,000 |
4,107,419 |
Hershey
Co. | ||
2.45%,
11/15/29
(a) |
1,000,000 |
906,538 |
1.70%,
06/01/30
(a) |
975,000 |
830,170 |
4.50%,
05/04/33
(a) |
1,170,000 |
1,178,650 |
Hormel
Foods Corp. | ||
1.80%,
06/11/30
(a) |
3,120,000 |
2,657,635 |
Illumina,
Inc. | ||
2.55%,
03/23/31
(a) |
1,610,000 |
1,362,663 |
Ingredion,
Inc. | ||
2.90%,
06/01/30
(a) |
1,925,000 |
1,720,705 |
IQVIA,
Inc. | ||
6.25%,
02/01/29
(a)(e) |
4,000,000 |
4,179,157 |
J
M Smucker Co. | ||
2.38%,
03/15/30
(a) |
1,500,000 |
1,297,263 |
2.13%,
03/15/32
(a) |
1,535,000 |
1,246,226 |
6.20%,
11/15/33
(a) |
3,300,000 |
3,602,347 |
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
3.00%,
02/02/29
(a) |
1,825,000 |
1,605,248 |
5.50%,
01/15/30
(a) |
3,710,000 |
3,638,925 |
3.75%,
12/01/31
(a) |
1,870,000 |
1,611,273 |
3.63%,
01/15/32
(a) |
3,040,000 |
2,599,255 |
3.00%,
05/15/32
(a) |
3,150,000 |
2,565,955 |
5.75%,
04/01/33
(a) |
6,600,000 |
6,533,883 |
Johnson
& Johnson | ||
6.95%,
09/01/29
|
937,000 |
1,082,826 |
1.30%,
09/01/30
(a) |
5,540,000 |
4,655,091 |
4.95%,
05/15/33
|
1,680,000 |
1,816,686 |
4.38%,
12/05/33
(a) |
3,000,000 |
3,086,053 |
Kellanova | ||
2.10%,
06/01/30
(a) |
1,600,000 |
1,376,226 |
7.45%,
04/01/31
|
1,975,000 |
2,264,350 |
5.25%,
03/01/33
(a) |
1,300,000 |
1,332,381 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Kenvue,
Inc. | ||
5.00%,
03/22/30
(a) |
3,045,000 |
3,153,551 |
4.90%,
03/22/33
(a) |
3,905,000 |
4,026,629 |
Keurig
Dr Pepper, Inc. | ||
3.95%,
04/15/29
(a) |
3,200,000 |
3,120,762 |
3.20%,
05/01/30
(a) |
2,325,000 |
2,138,775 |
2.25%,
03/15/31
(a) |
1,675,000 |
1,432,504 |
4.05%,
04/15/32
(a) |
2,675,000 |
2,575,940 |
Kimberly-Clark
Corp. | ||
3.20%,
04/25/29
(a) |
2,085,000 |
1,978,620 |
3.10%,
03/26/30
(a) |
2,400,000 |
2,240,777 |
2.00%,
11/02/31
(a)(c) |
1,960,000 |
1,659,357 |
4.50%,
02/16/33
(a)(c) |
1,060,000 |
1,067,764 |
Kraft
Heinz Foods Co. | ||
4.63%,
01/30/29
(a) |
1,125,000 |
1,134,644 |
3.75%,
04/01/30
(a) |
2,350,000 |
2,248,510 |
4.25%,
03/01/31
(a)(c) |
1,225,000 |
1,202,461 |
6.75%,
03/15/32
|
950,000 |
1,073,890 |
Kroger
Co. | ||
4.50%,
01/15/29
(a) |
1,975,000 |
1,964,508 |
2.20%,
05/01/30
(a) |
1,550,000 |
1,329,640 |
1.70%,
01/15/31
(a) |
1,775,000 |
1,438,388 |
7.50%,
04/01/31
|
1,300,000 |
1,494,295 |
Laboratory
Corp. of America Holdings | ||
2.95%,
12/01/29
(a) |
2,050,000 |
1,847,887 |
2.70%,
06/01/31
(a) |
1,610,000 |
1,390,668 |
McCormick
& Co., Inc. | ||
2.50%,
04/15/30
(a) |
1,715,000 |
1,503,967 |
1.85%,
02/15/31
(a) |
1,300,000 |
1,071,981 |
4.95%,
04/15/33
(a) |
1,750,000 |
1,758,307 |
McKesson
Corp. | ||
5.10%,
07/15/33
(a) |
1,950,000 |
2,007,603 |
Medtronic
Global Holdings SCA | ||
4.50%,
03/30/33
(a) |
3,215,000 |
3,218,009 |
Merck
& Co., Inc. | ||
3.40%,
03/07/29
(a) |
5,650,000 |
5,428,205 |
4.30%,
05/17/30
(a) |
2,560,000 |
2,562,094 |
1.45%,
06/24/30
(a) |
4,000,000 |
3,348,832 |
2.15%,
12/10/31
(a) |
6,375,000 |
5,453,353 |
4.50%,
05/17/33
(a) |
4,725,000 |
4,761,404 |
6.50%,
12/01/33
|
2,000,000 |
2,352,413 |
Mondelez
International, Inc. | ||
2.75%,
04/13/30
(a) |
2,225,000 |
2,012,356 |
1.50%,
02/04/31
(a) |
1,550,000 |
1,266,184 |
3.00%,
03/17/32
(a) |
2,475,000 |
2,198,264 |
1.88%,
10/15/32
(a) |
2,075,000 |
1,691,886 |
Novartis
Capital Corp. | ||
2.20%,
08/14/30
(a) |
4,510,000 |
3,975,101 |
Ochsner
LSU Health System of North Louisiana | ||
2.51%,
05/15/31
(a) |
1,075,000 |
732,535 |
OhioHealth
Corp. | ||
2.30%,
11/15/31
(a) |
1,030,000 |
866,500 |
PepsiCo,
Inc. | ||
7.00%,
03/01/29
|
1,650,000 |
1,853,745 |
2.63%,
07/29/29
(a) |
3,200,000 |
2,951,351 |
2.75%,
03/19/30
(a) |
4,775,000 |
4,389,097 |
1.63%,
05/01/30
(a) |
3,245,000 |
2,767,832 |
1.40%,
02/25/31
(a) |
2,395,000 |
1,981,152 |
1.95%,
10/21/31
(a) |
3,955,000 |
3,358,747 |
3.90%,
07/18/32
(a) |
3,955,000 |
3,876,179 |
4.45%,
02/15/33
(a)(c) |
3,150,000 |
3,233,480 |
Pfizer
Investment Enterprises Pte. Ltd. | ||
4.65%,
05/19/30
(a) |
9,355,000 |
9,426,221 |
4.75%,
05/19/33
(a) |
15,935,000 |
15,966,343 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Pfizer,
Inc. | ||
3.45%,
03/15/29
(a) |
5,700,000 |
5,492,644 |
2.63%,
04/01/30
(a) |
4,000,000 |
3,609,897 |
1.70%,
05/28/30
(a) |
3,260,000 |
2,778,454 |
1.75%,
08/18/31
(a) |
3,200,000 |
2,660,621 |
Philip
Morris International, Inc. | ||
3.38%,
08/15/29
(a) |
2,345,000 |
2,200,013 |
5.63%,
11/17/29
(a) |
3,950,000 |
4,147,893 |
5.13%,
02/15/30
(a) |
6,975,000 |
7,101,925 |
2.10%,
05/01/30
(a) |
2,375,000 |
2,047,592 |
5.50%,
09/07/30
(a) |
2,200,000 |
2,285,182 |
1.75%,
11/01/30
(a) |
2,425,000 |
2,000,053 |
5.75%,
11/17/32
(a) |
4,880,000 |
5,127,375 |
5.38%,
02/15/33
(a) |
7,220,000 |
7,418,257 |
5.63%,
09/07/33
(a) |
3,155,000 |
3,303,983 |
Piedmont
Healthcare, Inc. | ||
2.04%,
01/01/32
(a) |
975,000 |
793,872 |
Pilgrim's
Pride Corp. | ||
4.25%,
04/15/31
(a) |
3,300,000 |
2,983,576 |
3.50%,
03/01/32
(a) |
2,935,000 |
2,488,358 |
6.25%,
07/01/33
(a) |
3,010,000 |
3,100,776 |
Polaris,
Inc. | ||
6.95%,
03/15/29
(a) |
1,600,000 |
1,701,182 |
Procter
& Gamble Co. | ||
3.00%,
03/25/30
|
4,785,000 |
4,484,608 |
1.20%,
10/29/30
|
4,025,000 |
3,334,994 |
1.95%,
04/23/31
|
3,185,000 |
2,761,505 |
2.30%,
02/01/32
|
2,700,000 |
2,387,175 |
4.05%,
01/26/33
|
2,800,000 |
2,808,749 |
Providence
St Joseph Health Obligated Group | ||
2.53%,
10/01/29
(a) |
2,125,000 |
1,860,205 |
5.40%,
10/01/33
(a) |
1,850,000 |
1,885,543 |
Quest
Diagnostics, Inc. | ||
4.20%,
06/30/29
(a) |
1,685,000 |
1,654,703 |
2.95%,
06/30/30
(a) |
2,410,000 |
2,159,505 |
2.80%,
06/30/31
(a) |
1,600,000 |
1,399,610 |
6.40%,
11/30/33
(a) |
2,500,000 |
2,778,342 |
Regeneron
Pharmaceuticals, Inc. | ||
1.75%,
09/15/30
(a) |
3,925,000 |
3,228,861 |
Revvity,
Inc. | ||
3.30%,
09/15/29
(a) |
2,535,000 |
2,302,763 |
2.55%,
03/15/31
(a) |
1,560,000 |
1,328,994 |
2.25%,
09/15/31
(a) |
1,580,000 |
1,302,722 |
Royalty
Pharma PLC | ||
2.20%,
09/02/30
(a) |
3,250,000 |
2,736,700 |
2.15%,
09/02/31
(a) |
1,750,000 |
1,433,262 |
Rush
Obligated Group | ||
3.92%,
11/15/29
(a) |
1,100,000 |
1,049,539 |
Smith
& Nephew PLC | ||
2.03%,
10/14/30
(a) |
3,225,000 |
2,669,767 |
Stanford
Health Care | ||
3.31%,
08/15/30
(a) |
875,000 |
805,500 |
STERIS
Irish FinCo UnLtd Co. | ||
2.70%,
03/15/31
(a) |
2,030,000 |
1,748,612 |
Stryker
Corp. | ||
1.95%,
06/15/30
(a) |
3,175,000 |
2,718,908 |
Sutter
Health | ||
2.29%,
08/15/30
(a) |
2,225,000 |
1,903,281 |
5.16%,
08/15/33
(a) |
1,215,000 |
1,242,124 |
Sysco
Corp. | ||
5.75%,
01/17/29
(a) |
1,600,000 |
1,670,039 |
2.40%,
02/15/30
(a) |
1,550,000 |
1,368,140 |
5.95%,
04/01/30
(a) |
3,200,000 |
3,408,992 |
2.45%,
12/14/31
(a) |
1,410,000 |
1,194,871 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Takeda
Pharmaceutical Co. Ltd. | ||
2.05%,
03/31/30
(a) |
8,000,000 |
6,865,574 |
Thermo
Fisher Scientific, Inc. | ||
5.00%,
01/31/29
(a) |
2,000,000 |
2,054,729 |
2.60%,
10/01/29
(a) |
2,790,000 |
2,544,724 |
4.98%,
08/10/30
(a) |
2,900,000 |
2,973,961 |
2.00%,
10/15/31
(a) |
3,900,000 |
3,289,535 |
4.95%,
11/21/32
(a) |
2,450,000 |
2,530,293 |
5.09%,
08/10/33
(a) |
3,080,000 |
3,210,276 |
Tyson
Foods, Inc. | ||
4.35%,
03/01/29
(a) |
3,325,000 |
3,236,360 |
Unilever
Capital Corp. | ||
2.13%,
09/06/29
(a) |
2,700,000 |
2,409,917 |
1.38%,
09/14/30
(a) |
1,575,000 |
1,307,629 |
1.75%,
08/12/31
(a) |
2,620,000 |
2,180,240 |
5.90%,
11/15/32
|
3,240,000 |
3,614,157 |
5.00%,
12/08/33
(a) |
2,500,000 |
2,599,226 |
Universal
Health Services, Inc. | ||
2.65%,
10/15/30
(a) |
2,470,000 |
2,099,430 |
2.65%,
01/15/32
(a) |
1,675,000 |
1,378,652 |
UPMC | ||
5.04%,
05/15/33
(a) |
1,600,000 |
1,626,119 |
Viatris,
Inc. | ||
2.70%,
06/22/30
(a) |
4,600,000 |
3,901,466 |
Whirlpool
Corp. | ||
4.75%,
02/26/29
(a) |
2,265,000 |
2,257,906 |
2.40%,
05/15/31
(a) |
970,000 |
814,487 |
4.70%,
05/14/32
(a) |
950,000 |
923,348 |
5.50%,
03/01/33
(a) |
910,000 |
929,768 |
Zimmer
Biomet Holdings, Inc. | ||
2.60%,
11/24/31
(a) |
2,475,000 |
2,119,949 |
Zoetis,
Inc. | ||
2.00%,
05/15/30
(a) |
2,400,000 |
2,071,383 |
5.60%,
11/16/32
(a) |
2,370,000 |
2,542,745 |
|
|
791,815,299 |
Energy
6.5%
| ||
Apache
Corp. | ||
4.25%,
01/15/30
(a) |
1,350,000 |
1,272,697 |
Baker
Hughes Holdings LLC/Baker Hughes Co.-Obligor,
Inc. | ||
3.14%,
11/07/29
(a) |
1,850,000 |
1,723,762 |
4.49%,
05/01/30
(a) |
1,425,000 |
1,429,077 |
Boardwalk
Pipelines LP | ||
4.80%,
05/03/29
(a) |
1,600,000 |
1,572,782 |
3.40%,
02/15/31
(a) |
1,550,000 |
1,390,974 |
3.60%,
09/01/32
(a) |
1,575,000 |
1,401,097 |
BP
Capital Markets America, Inc. | ||
3.63%,
04/06/30
(a) |
3,850,000 |
3,691,815 |
1.75%,
08/10/30
(a) |
3,035,000 |
2,572,682 |
2.72%,
01/12/32
(a) |
6,640,000 |
5,797,123 |
4.81%,
02/13/33
(a) |
7,235,000 |
7,304,193 |
4.89%,
09/11/33
(a) |
4,810,000 |
4,898,419 |
Burlington
Resources LLC | ||
7.20%,
08/15/31
|
1,350,000 |
1,563,717 |
7.40%,
12/01/31
|
1,560,000 |
1,828,528 |
Canadian
Natural Resources Ltd. | ||
2.95%,
07/15/30
(a) |
1,450,000 |
1,279,345 |
7.20%,
01/15/32
|
1,265,000 |
1,410,623 |
6.45%,
06/30/33
|
1,200,000 |
1,291,169 |
Cenovus
Energy, Inc. | ||
2.65%,
01/15/32
(a) |
1,740,000 |
1,446,127 |
Cheniere
Corpus Christi Holdings LLC | ||
3.70%,
11/15/29
(a) |
3,565,000 |
3,375,223 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Cheniere
Energy Partners LP | ||
4.50%,
10/01/29
(a) |
4,765,000 |
4,553,876 |
4.00%,
03/01/31
(a) |
4,800,000 |
4,369,610 |
3.25%,
01/31/32
(a) |
4,015,000 |
3,423,904 |
5.95%,
06/30/33
(a)(e) |
4,390,000 |
4,509,407 |
Chevron
Corp. | ||
2.24%,
05/11/30
(a) |
4,725,000 |
4,190,168 |
Chevron
USA, Inc. | ||
3.25%,
10/15/29
(a) |
1,490,000 |
1,416,581 |
Conoco
Funding Co. | ||
7.25%,
10/15/31
|
1,245,000 |
1,443,085 |
ConocoPhillips
Co. | ||
6.95%,
04/15/29
|
3,733,000 |
4,166,313 |
5.90%,
10/15/32
|
1,650,000 |
1,813,865 |
5.05%,
09/15/33
(a) |
3,050,000 |
3,142,489 |
Coterra
Energy, Inc. | ||
4.38%,
03/15/29
(a) |
1,380,000 |
1,343,217 |
DCP
Midstream Operating LP | ||
5.13%,
05/15/29
(a) |
1,925,000 |
1,929,570 |
8.13%,
08/16/30
|
975,000 |
1,131,332 |
3.25%,
02/15/32
(a) |
1,275,000 |
1,108,281 |
Devon
Energy Corp. | ||
4.50%,
01/15/30
(a) |
1,790,000 |
1,721,948 |
7.88%,
09/30/31
|
2,150,000 |
2,511,842 |
7.95%,
04/15/32
|
1,100,000 |
1,282,730 |
Diamondback
Energy, Inc. | ||
3.50%,
12/01/29
(a) |
3,220,000 |
2,996,466 |
3.13%,
03/24/31
(a) |
2,500,000 |
2,226,374 |
6.25%,
03/15/33
(a) |
3,490,000 |
3,738,567 |
Eastern
Gas Transmission & Storage, Inc. | ||
3.00%,
11/15/29
(a) |
1,265,000 |
1,139,404 |
Enbridge,
Inc. | ||
3.13%,
11/15/29
(a) |
3,110,000 |
2,848,569 |
6.20%,
11/15/30
(a) |
2,400,000 |
2,569,626 |
5.70%,
03/08/33
(a) |
7,150,000 |
7,451,475 |
2.50%,
08/01/33
(a) |
3,260,000 |
2,671,266 |
Energy
Transfer LP | ||
5.25%,
04/15/29
(a) |
4,755,000 |
4,794,435 |
4.15%,
09/15/29
(a) |
1,735,000 |
1,655,697 |
3.75%,
05/15/30
(a) |
4,725,000 |
4,388,628 |
6.40%,
12/01/30
(a) |
3,200,000 |
3,425,208 |
5.75%,
02/15/33
(a) |
4,790,000 |
4,956,534 |
6.55%,
12/01/33
(a) |
5,000,000 |
5,432,220 |
Enterprise
Products Operating LLC | ||
3.13%,
07/31/29
(a) |
3,635,000 |
3,403,791 |
2.80%,
01/31/30
(a) |
3,990,000 |
3,616,743 |
5.35%,
01/31/33
(a) |
3,275,000 |
3,436,010 |
6.88%,
03/01/33
|
1,750,000 |
2,016,226 |
EOG
Resources, Inc. | ||
4.38%,
04/15/30
(a) |
2,380,000 |
2,376,754 |
EQT
Corp. | ||
5.00%,
01/15/29
(a) |
1,075,000 |
1,068,961 |
7.50%,
02/01/30
(a)(f) |
2,145,000 |
2,307,054 |
Exxon
Mobil Corp. | ||
2.44%,
08/16/29
(a) |
4,015,000 |
3,657,046 |
3.48%,
03/19/30
(a) |
6,415,000 |
6,106,236 |
2.61%,
10/15/30
(a) |
6,305,000 |
5,633,671 |
Halliburton
Co. | ||
2.92%,
03/01/30
(a) |
2,975,000 |
2,680,528 |
Helmerich
& Payne, Inc. | ||
2.90%,
09/29/31
(a) |
1,800,000 |
1,515,451 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Hess
Corp. | ||
7.88%,
10/01/29
|
1,500,000 |
1,726,107 |
7.30%,
08/15/31
|
2,050,000 |
2,373,152 |
7.13%,
03/15/33
|
1,692,000 |
1,963,670 |
HF
Sinclair Corp. | ||
4.50%,
10/01/30
(a) |
1,035,000 |
970,690 |
Kinder
Morgan Energy Partners LP | ||
7.40%,
03/15/31
|
960,000 |
1,076,958 |
7.75%,
03/15/32
|
925,000 |
1,054,256 |
7.30%,
08/15/33
|
1,700,000 |
1,934,966 |
Kinder
Morgan, Inc. | ||
2.00%,
02/15/31
(a) |
2,375,000 |
1,976,046 |
7.80%,
08/01/31
|
1,800,000 |
2,064,543 |
7.75%,
01/15/32
|
3,150,000 |
3,609,414 |
4.80%,
02/01/33
(a) |
2,909,000 |
2,808,334 |
5.20%,
06/01/33
(a) |
4,250,000 |
4,231,075 |
Magellan
Midstream Partners LP | ||
3.25%,
06/01/30
(a) |
1,600,000 |
1,454,588 |
Marathon
Oil Corp. | ||
6.80%,
03/15/32
|
1,725,000 |
1,873,290 |
MPLX
LP | ||
4.80%,
02/15/29
(a) |
2,225,000 |
2,213,455 |
2.65%,
08/15/30
(a) |
4,775,000 |
4,126,695 |
4.95%,
09/01/32
(a) |
3,350,000 |
3,286,506 |
5.00%,
03/01/33
(a) |
3,540,000 |
3,473,986 |
National
Fuel Gas Co. | ||
2.95%,
03/01/31
(a) |
1,590,000 |
1,337,312 |
NOV,
Inc. | ||
3.60%,
12/01/29
(a) |
1,515,000 |
1,403,725 |
Occidental
Petroleum Corp. | ||
8.88%,
07/15/30
(a) |
3,090,000 |
3,619,008 |
6.63%,
09/01/30
(a) |
4,750,000 |
5,057,373 |
6.13%,
01/01/31
(a) |
3,865,000 |
4,021,137 |
7.50%,
05/01/31
|
2,800,000 |
3,143,006 |
7.88%,
09/15/31
|
1,565,000 |
1,782,108 |
ONEOK,
Inc. | ||
4.35%,
03/15/29
(a) |
2,300,000 |
2,237,793 |
3.40%,
09/01/29
(a) |
2,225,000 |
2,052,694 |
3.10%,
03/15/30
(a) |
2,563,000 |
2,307,085 |
5.80%,
11/01/30
(a) |
1,650,000 |
1,719,043 |
6.35%,
01/15/31
(a) |
1,805,000 |
1,931,106 |
6.10%,
11/15/32
(a) |
2,385,000 |
2,538,291 |
6.05%,
09/01/33
(a) |
4,800,000 |
5,081,700 |
Ovintiv,
Inc. | ||
8.13%,
09/15/30
|
1,050,000 |
1,187,478 |
7.20%,
11/01/31
|
1,150,000 |
1,253,838 |
7.38%,
11/01/31
|
1,600,000 |
1,767,142 |
6.25%,
07/15/33
(a) |
1,850,000 |
1,915,714 |
Patterson-UTI
Energy, Inc. | ||
5.15%,
11/15/29
(a) |
1,160,000 |
1,111,631 |
7.15%,
10/01/33
(a) |
1,275,000 |
1,352,207 |
Phillips
66 | ||
2.15%,
12/15/30
(a) |
2,720,000 |
2,297,161 |
Phillips
66 Co. | ||
3.15%,
12/15/29
(a) |
1,750,000 |
1,615,781 |
5.30%,
06/30/33
(a) |
1,650,000 |
1,699,331 |
Pioneer
Natural Resources Co. | ||
1.90%,
08/15/30
(a) |
3,460,000 |
2,946,475 |
2.15%,
01/15/31
(a) |
3,200,000 |
2,729,974 |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
3.55%,
12/15/29
(a) |
3,065,000 |
2,823,023 |
3.80%,
09/15/30
(a) |
2,425,000 |
2,235,978 |
Sabine
Pass Liquefaction LLC | ||
4.50%,
05/15/30
(a) |
6,400,000 |
6,269,825 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Schlumberger
Investment SA | ||
2.65%,
06/26/30
(a) |
4,040,000 |
3,633,141 |
4.85%,
05/15/33
(a) |
1,585,000 |
1,612,327 |
Shell
International Finance BV | ||
2.38%,
11/07/29
(a) |
4,815,000 |
4,337,106 |
2.75%,
04/06/30
(a) |
5,540,000 |
5,071,267 |
Suncor
Energy, Inc. | ||
7.15%,
02/01/32
|
1,615,000 |
1,809,574 |
Targa
Resources Corp. | ||
6.15%,
03/01/29
(a) |
2,800,000 |
2,931,864 |
4.20%,
02/01/33
(a) |
2,440,000 |
2,250,322 |
6.13%,
03/15/33
(a) |
3,150,000 |
3,326,454 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
6.88%,
01/15/29
(a) |
2,410,000 |
2,490,230 |
5.50%,
03/01/30
(a) |
2,850,000 |
2,849,784 |
4.88%,
02/01/31
(a) |
3,157,000 |
3,068,244 |
4.00%,
01/15/32
(a) |
3,175,000 |
2,895,534 |
Texas
Eastern Transmission LP | ||
7.00%,
07/15/32
|
1,450,000 |
1,629,064 |
Tosco
Corp. | ||
8.13%,
02/15/30
|
1,300,000 |
1,533,338 |
TotalEnergies
Capital International SA | ||
3.46%,
02/19/29
(a) |
4,050,000 |
3,910,852 |
2.83%,
01/10/30
(a) |
3,790,000 |
3,490,294 |
TransCanada
PipeLines Ltd. | ||
4.10%,
04/15/30
(a) |
3,975,000 |
3,783,619 |
2.50%,
10/12/31
(a) |
3,225,000 |
2,701,396 |
Transcontinental
Gas Pipe Line Co. LLC | ||
3.25%,
05/15/30
(a) |
2,500,000 |
2,272,114 |
Valero
Energy Corp. | ||
4.00%,
04/01/29
(a) |
1,400,000 |
1,349,915 |
2.80%,
12/01/31
(a) |
1,400,000 |
1,194,200 |
7.50%,
04/15/32
|
2,350,000 |
2,717,884 |
Western
Midstream Operating LP | ||
6.35%,
01/15/29
(a) |
1,900,000 |
1,985,340 |
4.05%,
02/01/30
(a) |
3,505,000 |
3,287,352 |
6.15%,
04/01/33
(a) |
2,400,000 |
2,496,344 |
Williams
Cos., Inc. | ||
3.50%,
11/15/30
(a) |
3,525,000 |
3,232,472 |
7.50%,
01/15/31
|
1,175,000 |
1,330,309 |
2.60%,
03/15/31
(a) |
5,040,000 |
4,317,697 |
8.75%,
03/15/32
|
300,000 |
364,735 |
4.65%,
08/15/32
(a) |
3,460,000 |
3,385,815 |
5.65%,
03/15/33
(a) |
2,600,000 |
2,719,784 |
|
|
373,053,552 |
Industrial
Other 0.2%
| ||
Booz
Allen Hamilton, Inc. | ||
5.95%,
08/04/33
(a) |
2,125,000 |
2,248,635 |
Cintas
Corp. No. 2 | ||
4.00%,
05/01/32
(a) |
2,625,000 |
2,540,778 |
Emory
University | ||
2.14%,
09/01/30
(a) |
425,000 |
368,154 |
Jacobs
Engineering Group, Inc. | ||
5.90%,
03/01/33
(a) |
1,764,000 |
1,804,078 |
Johns
Hopkins University | ||
4.71%,
07/01/32
(a) |
1,004,000 |
1,026,887 |
Quanta
Services, Inc. | ||
2.90%,
10/01/30
(a) |
3,328,000 |
2,934,970 |
2.35%,
01/15/32
(a) |
1,620,000 |
1,343,457 |
Yale
University | ||
1.48%,
04/15/30
(a) |
1,585,000 |
1,326,310 |
|
|
13,593,269 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Technology
9.3%
| ||
Adobe,
Inc. | ||
2.30%,
02/01/30
(a) |
4,090,000 |
3,670,108 |
Advanced
Micro Devices, Inc. | ||
3.92%,
06/01/32
(a) |
1,600,000 |
1,549,896 |
Alphabet,
Inc. | ||
1.10%,
08/15/30
(a) |
7,275,000 |
6,037,241 |
Amdocs
Ltd. | ||
2.54%,
06/15/30
(a) |
2,055,000 |
1,776,644 |
Analog
Devices, Inc. | ||
2.10%,
10/01/31
(a) |
3,225,000 |
2,750,433 |
Apple,
Inc. | ||
3.25%,
08/08/29
(a) |
3,150,000 |
3,012,671 |
2.20%,
09/11/29
(a) |
5,600,000 |
5,072,957 |
4.15%,
05/10/30
(a) |
1,550,000 |
1,558,249 |
1.65%,
05/11/30
(a) |
5,580,000 |
4,779,056 |
1.25%,
08/20/30
(a) |
3,960,000 |
3,291,240 |
1.65%,
02/08/31
(a) |
8,825,000 |
7,444,714 |
1.70%,
08/05/31
(a) |
3,230,000 |
2,703,902 |
3.35%,
08/08/32
(a)(c) |
4,800,000 |
4,505,138 |
4.30%,
05/10/33
(a)(c) |
3,200,000 |
3,251,307 |
Applied
Materials, Inc. | ||
1.75%,
06/01/30
(a) |
2,405,000 |
2,049,986 |
Arrow
Electronics, Inc. | ||
2.95%,
02/15/32
(a) |
1,560,000 |
1,325,709 |
Autodesk,
Inc. | ||
2.85%,
01/15/30
(a) |
1,585,000 |
1,431,428 |
2.40%,
12/15/31
(a) |
3,170,000 |
2,717,515 |
Automatic
Data Processing, Inc. | ||
1.25%,
09/01/30
(a) |
3,220,000 |
2,681,488 |
Avnet,
Inc. | ||
3.00%,
05/15/31
(a) |
980,000 |
832,138 |
5.50%,
06/01/32
(a) |
960,000 |
953,849 |
Baidu,
Inc. | ||
3.43%,
04/07/30
(a) |
1,175,000 |
1,069,744 |
2.38%,
10/09/30
(a) |
900,000 |
760,126 |
2.38%,
08/23/31
(a) |
2,250,000 |
1,861,221 |
Broadcom,
Inc. | ||
4.00%,
04/15/29
(a)(e) |
2,350,000 |
2,272,456 |
4.75%,
04/15/29
(a) |
5,210,000 |
5,227,203 |
5.00%,
04/15/30
(a) |
1,755,000 |
1,784,623 |
4.15%,
11/15/30
(a) |
6,060,000 |
5,791,479 |
2.45%,
02/15/31
(a)(e) |
8,825,000 |
7,556,178 |
4.15%,
04/15/32
(a)(e) |
3,850,000 |
3,635,867 |
4.30%,
11/15/32
(a) |
6,325,000 |
6,071,289 |
2.60%,
02/15/33
(a)(e) |
5,575,000 |
4,593,142 |
3.42%,
04/15/33
(a)(e) |
7,260,000 |
6,384,410 |
Broadridge
Financial Solutions, Inc. | ||
2.90%,
12/01/29
(a) |
2,375,000 |
2,133,381 |
2.60%,
05/01/31
(a) |
3,300,000 |
2,823,132 |
CDW
LLC/CDW Finance Corp. | ||
3.25%,
02/15/29
(a) |
2,235,000 |
2,045,917 |
3.57%,
12/01/31
(a) |
3,300,000 |
2,933,469 |
CGI,
Inc. | ||
2.30%,
09/14/31
(a) |
1,255,000 |
1,025,165 |
Concentrix
Corp. | ||
6.85%,
08/02/33
(a) |
1,790,000 |
1,842,088 |
Dell
International LLC/EMC Corp. | ||
5.30%,
10/01/29
(a) |
5,540,000 |
5,710,655 |
6.20%,
07/15/30
(a) |
2,410,000 |
2,588,904 |
5.75%,
02/01/33
(a) |
3,115,000 |
3,283,512 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Equifax,
Inc. | ||
3.10%,
05/15/30
(a) |
1,875,000 |
1,683,316 |
2.35%,
09/15/31
(a) |
3,175,000 |
2,641,516 |
Equinix,
Inc. | ||
3.20%,
11/18/29
(a) |
3,810,000 |
3,508,181 |
2.15%,
07/15/30
(a) |
3,540,000 |
3,010,223 |
2.50%,
05/15/31
(a) |
3,075,000 |
2,618,671 |
3.90%,
04/15/32
(a) |
3,850,000 |
3,581,874 |
FactSet
Research Systems, Inc. | ||
3.45%,
03/01/32
(a) |
1,575,000 |
1,417,691 |
Fidelity
National Information Services, Inc. | ||
3.75%,
05/21/29
(a) |
1,785,000 |
1,720,459 |
2.25%,
03/01/31
(a) |
4,165,000 |
3,522,398 |
5.10%,
07/15/32
(a) |
2,295,000 |
2,349,453 |
Fiserv,
Inc. | ||
3.50%,
07/01/29
(a) |
9,440,000 |
8,897,203 |
2.65%,
06/01/30
(a) |
3,200,000 |
2,821,533 |
5.60%,
03/02/33
(a) |
3,050,000 |
3,192,320 |
5.63%,
08/21/33
(a) |
4,125,000 |
4,322,736 |
Flex
Ltd. | ||
4.88%,
06/15/29
(a) |
2,200,000 |
2,166,572 |
4.88%,
05/12/30
(a) |
1,950,000 |
1,918,819 |
Fortinet,
Inc. | ||
2.20%,
03/15/31
(a) |
1,595,000 |
1,335,961 |
Global
Payments, Inc. | ||
3.20%,
08/15/29
(a) |
4,005,000 |
3,631,899 |
5.30%,
08/15/29
(a) |
1,650,000 |
1,663,009 |
2.90%,
05/15/30
(a) |
3,135,000 |
2,757,619 |
2.90%,
11/15/31
(a) |
2,450,000 |
2,097,328 |
5.40%,
08/15/32
(a) |
2,475,000 |
2,502,153 |
HP,
Inc. | ||
4.00%,
04/15/29
(a) |
3,200,000 |
3,110,336 |
3.40%,
06/17/30
(a) |
1,600,000 |
1,464,550 |
2.65%,
06/17/31
(a) |
3,100,000 |
2,643,744 |
4.20%,
04/15/32
(a) |
2,150,000 |
2,041,314 |
5.50%,
01/15/33
(a)(c) |
3,500,000 |
3,592,931 |
Intel
Corp. | ||
4.00%,
08/05/29
(a) |
2,730,000 |
2,690,264 |
2.45%,
11/15/29
(a) |
6,300,000 |
5,676,776 |
5.13%,
02/10/30
(a) |
4,055,000 |
4,211,405 |
3.90%,
03/25/30
(a) |
4,775,000 |
4,629,797 |
2.00%,
08/12/31
(a) |
4,025,000 |
3,403,946 |
4.15%,
08/05/32
(a)(c) |
3,900,000 |
3,817,972 |
4.00%,
12/15/32
|
2,355,000 |
2,279,055 |
5.20%,
02/10/33
(a) |
7,300,000 |
7,631,284 |
International
Business Machines Corp. | ||
3.50%,
05/15/29
|
10,280,000 |
9,813,203 |
1.95%,
05/15/30
(a) |
4,220,000 |
3,631,059 |
2.72%,
02/09/32
(a) |
1,650,000 |
1,454,116 |
4.40%,
07/27/32
(a) |
2,395,000 |
2,357,621 |
5.88%,
11/29/32
|
2,075,000 |
2,272,499 |
4.75%,
02/06/33
(a) |
2,355,000 |
2,388,737 |
Intuit,
Inc. | ||
1.65%,
07/15/30
(a) |
1,545,000 |
1,300,455 |
5.20%,
09/15/33
(a) |
4,050,000 |
4,245,577 |
Jabil,
Inc. | ||
5.45%,
02/01/29
(a) |
875,000 |
894,626 |
3.60%,
01/15/30
(a) |
1,620,000 |
1,466,727 |
3.00%,
01/15/31
(a) |
1,960,000 |
1,699,793 |
Juniper
Networks, Inc. | ||
3.75%,
08/15/29
(a) |
1,675,000 |
1,592,794 |
2.00%,
12/10/30
(a) |
1,175,000 |
952,859 |
Keysight
Technologies, Inc. | ||
3.00%,
10/30/29
(a) |
1,650,000 |
1,501,106 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
KLA
Corp. | ||
4.10%,
03/15/29
(a) |
2,550,000 |
2,540,466 |
4.65%,
07/15/32
(a) |
3,185,000 |
3,257,646 |
Kyndryl
Holdings, Inc. | ||
3.15%,
10/15/31
(a) |
2,105,000 |
1,770,027 |
Lam
Research Corp. | ||
4.00%,
03/15/29
(a) |
3,025,000 |
2,988,055 |
1.90%,
06/15/30
(a) |
2,450,000 |
2,109,114 |
Leidos,
Inc. | ||
4.38%,
05/15/30
(a) |
2,615,000 |
2,504,251 |
2.30%,
02/15/31
(a) |
3,225,000 |
2,699,585 |
5.75%,
03/15/33
(a) |
2,250,000 |
2,345,659 |
Marvell
Technology, Inc. | ||
5.75%,
02/15/29
(a) |
1,620,000 |
1,676,953 |
2.95%,
04/15/31
(a) |
2,425,000 |
2,122,006 |
5.95%,
09/15/33
(a) |
1,550,000 |
1,646,729 |
Mastercard,
Inc. | ||
2.95%,
06/01/29
(a) |
3,200,000 |
3,013,145 |
3.35%,
03/26/30
(a) |
4,755,000 |
4,535,646 |
1.90%,
03/15/31
(a) |
1,800,000 |
1,539,946 |
2.00%,
11/18/31
(a) |
2,425,000 |
2,049,768 |
4.85%,
03/09/33
(a) |
2,485,000 |
2,570,832 |
Micron
Technology, Inc. | ||
5.33%,
02/06/29
(a) |
2,125,000 |
2,168,708 |
6.75%,
11/01/29
(a) |
3,950,000 |
4,271,955 |
4.66%,
02/15/30
(a) |
2,700,000 |
2,647,410 |
2.70%,
04/15/32
(a) |
3,335,000 |
2,803,162 |
5.88%,
02/09/33
(a) |
2,335,000 |
2,438,393 |
5.88%,
09/15/33
(a) |
3,000,000 |
3,122,675 |
Microsoft
Corp. | ||
1.35%,
09/15/30
(a)(e) |
1,535,000 |
1,278,509 |
Moody's
Corp. | ||
4.25%,
02/01/29
(a) |
1,225,000 |
1,214,550 |
2.00%,
08/19/31
(a) |
2,075,000 |
1,725,979 |
4.25%,
08/08/32
(a) |
1,450,000 |
1,413,766 |
Motorola
Solutions, Inc. | ||
4.60%,
05/23/29
(a) |
2,600,000 |
2,585,685 |
2.30%,
11/15/30
(a) |
2,750,000 |
2,324,354 |
2.75%,
05/24/31
(a) |
2,750,000 |
2,350,396 |
5.60%,
06/01/32
(a) |
2,000,000 |
2,067,374 |
NetApp,
Inc. | ||
2.70%,
06/22/30
(a) |
2,212,000 |
1,957,753 |
NVIDIA
Corp. | ||
2.85%,
04/01/30
(a) |
4,760,000 |
4,405,654 |
2.00%,
06/15/31
(a) |
3,950,000 |
3,387,642 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
4.30%,
06/18/29
(a) |
3,125,000 |
3,040,432 |
3.40%,
05/01/30
(a) |
3,175,000 |
2,918,413 |
2.50%,
05/11/31
(a) |
3,175,000 |
2,703,552 |
2.65%,
02/15/32
(a) |
3,275,000 |
2,761,553 |
5.00%,
01/15/33
(a) |
3,090,000 |
3,089,384 |
Oracle
Corp. | ||
6.15%,
11/09/29
(a) |
4,050,000 |
4,354,624 |
2.95%,
04/01/30
(a) |
10,525,000 |
9,504,849 |
4.65%,
05/06/30
(a) |
2,475,000 |
2,464,537 |
3.25%,
05/15/30
(a) |
1,575,000 |
1,446,702 |
2.88%,
03/25/31
(a) |
10,130,000 |
8,978,607 |
6.25%,
11/09/32
(a) |
7,075,000 |
7,704,296 |
4.90%,
02/06/33
(a) |
4,790,000 |
4,769,207 |
PayPal
Holdings, Inc. | ||
2.85%,
10/01/29
(a) |
4,750,000 |
4,354,068 |
2.30%,
06/01/30
(a) |
3,240,000 |
2,837,419 |
4.40%,
06/01/32
(a) |
3,300,000 |
3,282,319 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Qorvo,
Inc. | ||
4.38%,
10/15/29
(a) |
2,750,000 |
2,623,697 |
QUALCOMM,
Inc. | ||
2.15%,
05/20/30
(a) |
4,065,000 |
3,590,771 |
1.65%,
05/20/32
(a) |
3,910,000 |
3,189,410 |
4.25%,
05/20/32
(a) |
1,595,000 |
1,586,570 |
5.40%,
05/20/33
(a) |
2,225,000 |
2,404,895 |
RELX
Capital, Inc. | ||
4.00%,
03/18/29
(a) |
2,985,000 |
2,935,705 |
3.00%,
05/22/30
(a) |
2,425,000 |
2,230,401 |
4.75%,
05/20/32
(a) |
1,620,000 |
1,639,875 |
Roper
Technologies, Inc. | ||
2.95%,
09/15/29
(a) |
2,440,000 |
2,239,669 |
2.00%,
06/30/30
(a) |
1,960,000 |
1,667,710 |
1.75%,
02/15/31
(a) |
3,150,000 |
2,596,310 |
S&P
Global, Inc. | ||
2.70%,
03/01/29
(a) |
3,920,000 |
3,631,786 |
4.25%,
05/01/29
(a) |
2,940,000 |
2,932,670 |
2.50%,
12/01/29
(a) |
1,572,000 |
1,418,915 |
1.25%,
08/15/30
(a) |
2,050,000 |
1,680,710 |
2.90%,
03/01/32
(a) |
4,750,000 |
4,247,942 |
5.25%,
09/15/33
(a)(e) |
2,400,000 |
2,512,837 |
Salesforce,
Inc. | ||
1.95%,
07/15/31
(a) |
4,730,000 |
4,042,013 |
ServiceNow,
Inc. | ||
1.40%,
09/01/30
(a) |
4,790,000 |
3,944,160 |
Skyworks
Solutions, Inc. | ||
3.00%,
06/01/31
(a) |
1,575,000 |
1,356,632 |
TD
SYNNEX Corp. | ||
2.65%,
08/09/31
(a) |
1,575,000 |
1,279,052 |
Teledyne
FLIR LLC | ||
2.50%,
08/01/30
(a) |
1,575,000 |
1,356,199 |
Tencent
Music Entertainment Group | ||
2.00%,
09/03/30
(a) |
1,550,000 |
1,258,765 |
Texas
Instruments, Inc. | ||
2.25%,
09/04/29
(a) |
2,400,000 |
2,170,501 |
1.75%,
05/04/30
(a) |
2,355,000 |
2,037,566 |
1.90%,
09/15/31
(a) |
1,510,000 |
1,289,705 |
3.65%,
08/16/32
(a) |
1,540,000 |
1,464,327 |
4.90%,
03/14/33
(a) |
2,975,000 |
3,091,923 |
Trimble,
Inc. | ||
6.10%,
03/15/33
(a) |
2,550,000 |
2,740,713 |
TSMC
Arizona Corp. | ||
4.13%,
04/22/29
(a) |
1,500,000 |
1,475,202 |
2.50%,
10/25/31
(a) |
4,375,000 |
3,752,267 |
4.25%,
04/22/32
(a)(c) |
2,950,000 |
2,901,073 |
Tyco
Electronics Group SA | ||
2.50%,
02/04/32
(a) |
1,895,000 |
1,646,223 |
VeriSign,
Inc. | ||
2.70%,
06/15/31
(a) |
2,500,000 |
2,145,868 |
Verisk
Analytics, Inc. | ||
4.13%,
03/15/29
(a) |
1,930,000 |
1,887,056 |
5.75%,
04/01/33
(a) |
1,615,000 |
1,733,609 |
Visa,
Inc. | ||
2.05%,
04/15/30
(a) |
4,790,000 |
4,213,602 |
1.10%,
02/15/31
(a) |
3,200,000 |
2,597,940 |
VMware
LLC | ||
4.70%,
05/15/30
(a) |
2,340,000 |
2,310,167 |
2.20%,
08/15/31
(a) |
4,875,000 |
4,042,443 |
Western
Digital Corp. | ||
2.85%,
02/01/29
(a) |
1,695,000 |
1,458,376 |
3.10%,
02/01/32
(a) |
1,545,000 |
1,232,010 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Western
Union Co. | ||
2.75%,
03/15/31
(a) |
975,000 |
812,926 |
Workday,
Inc. | ||
3.70%,
04/01/29
(a) |
2,425,000 |
2,331,692 |
3.80%,
04/01/32
(a) |
3,950,000 |
3,683,567 |
Xilinx,
Inc. | ||
2.38%,
06/01/30
(a) |
2,340,000 |
2,073,448 |
|
|
536,117,763 |
Transportation
1.3%
| ||
American
Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%,
08/15/30
|
1,166,625 |
1,074,816 |
American
Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%,
04/15/31
|
1,246,632 |
1,126,688 |
American
Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%,
08/15/33
|
1,490,661 |
1,325,463 |
Canadian
National Railway Co. | ||
3.85%,
08/05/32
(a) |
2,550,000 |
2,429,701 |
5.85%,
11/01/33
(a) |
975,000 |
1,074,630 |
Canadian
Pacific Railway Co. | ||
2.88%,
11/15/29
(a) |
250,000 |
225,694 |
2.05%,
03/05/30
(a) |
2,010,000 |
1,724,181 |
7.13%,
10/15/31
|
1,225,000 |
1,392,879 |
2.45%,
12/02/31
(a) |
4,910,000 |
4,556,696 |
CSX
Corp. | ||
4.25%,
03/15/29
(a) |
3,080,000 |
3,080,280 |
2.40%,
02/15/30
(a) |
1,150,000 |
1,019,829 |
4.10%,
11/15/32
(a) |
3,015,000 |
2,933,558 |
5.20%,
11/15/33
(a) |
2,000,000 |
2,088,972 |
FedEx
Corp. | ||
3.10%,
08/05/29
(a) |
3,235,000 |
2,998,026 |
4.25%,
05/15/30
(a) |
2,365,000 |
2,317,427 |
2.40%,
05/15/31
(a) |
3,300,000 |
2,840,712 |
GXO
Logistics, Inc. | ||
2.65%,
07/15/31
(a) |
1,300,000 |
1,069,514 |
JetBlue
2019-1 Class AA Pass-Through Trust | ||
2.75%,
11/15/33
|
1,429,938 |
1,208,697 |
JetBlue
2020-1 Class A Pass-Through Trust | ||
4.00%,
05/15/34
(c) |
1,647,562 |
1,506,642 |
Norfolk
Southern Corp. | ||
2.55%,
11/01/29
(a) |
1,335,000 |
1,201,185 |
5.05%,
08/01/30
(a) |
1,943,000 |
1,993,617 |
2.30%,
05/15/31
(a) |
1,570,000 |
1,356,768 |
3.00%,
03/15/32
(a) |
1,815,000 |
1,616,967 |
4.45%,
03/01/33
(a) |
1,582,000 |
1,563,410 |
Ryder
System, Inc. | ||
6.60%,
12/01/33
(a) |
1,950,000 |
2,167,337 |
Southwest
Airlines Co. | ||
2.63%,
02/10/30
(a) |
1,590,000 |
1,391,868 |
Triton
Container International Ltd./TAL International Container
Corp. | ||
3.25%,
03/15/32
(a) |
1,985,000 |
1,604,026 |
Union
Pacific Corp. | ||
6.63%,
02/01/29
|
1,125,000 |
1,246,592 |
3.70%,
03/01/29
(a) |
2,510,000 |
2,456,241 |
2.40%,
02/05/30
(a) |
2,440,000 |
2,181,309 |
2.38%,
05/20/31
(a) |
3,310,000 |
2,879,683 |
2.80%,
02/14/32
(a) |
4,043,000 |
3,590,436 |
4.50%,
01/20/33
(a) |
2,740,000 |
2,757,869 |
United
Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%,
09/01/31
|
1,727,973 |
1,569,623 |
United
Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%,
02/25/33
|
1,595,673 |
1,474,572 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
United
Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%,
11/01/33
|
1,854,472 |
1,564,022 |
United
Parcel Service, Inc. | ||
3.40%,
03/15/29
(a) |
2,370,000 |
2,296,396 |
2.50%,
09/01/29
(a) |
1,225,000 |
1,115,066 |
4.45%,
04/01/30
(a) |
2,360,000 |
2,384,764 |
4.88%,
03/03/33
(a) |
2,850,000 |
2,960,658 |
|
|
77,366,814 |
|
|
3,166,153,213 |
| ||
Utility
8.0% | ||
Electric
7.1%
| ||
AEP
Texas, Inc. | ||
2.10%,
07/01/30
(a) |
2,175,000 |
1,828,241 |
4.70%,
05/15/32
(a) |
1,325,000 |
1,298,610 |
5.40%,
06/01/33
(a) |
1,345,000 |
1,372,085 |
AES
Corp. | ||
2.45%,
01/15/31
(a) |
3,170,000 |
2,665,764 |
Alabama
Power Co. | ||
1.45%,
09/15/30
(a) |
2,005,000 |
1,628,126 |
3.05%,
03/15/32
(a) |
2,255,000 |
2,004,023 |
3.94%,
09/01/32
(a) |
1,584,000 |
1,510,296 |
5.85%,
11/15/33
(a) |
1,000,000 |
1,078,217 |
Ameren
Corp. | ||
5.00%,
01/15/29
(a) |
2,000,000 |
2,011,840 |
3.50%,
01/15/31
(a) |
2,575,000 |
2,350,969 |
Ameren
Illinois Co. | ||
1.55%,
11/15/30
(a) |
1,081,000 |
882,535 |
3.85%,
09/01/32
(a) |
1,675,000 |
1,564,990 |
4.95%,
06/01/33
(a) |
1,735,000 |
1,758,622 |
American
Electric Power Co., Inc. | ||
5.20%,
01/15/29
(a) |
3,000,000 |
3,044,610 |
2.30%,
03/01/30
(a) |
1,350,000 |
1,157,038 |
5.95%,
11/01/32
(a) |
1,570,000 |
1,682,941 |
5.63%,
03/01/33
(a) |
2,660,000 |
2,774,418 |
Appalachian
Power Co. | ||
2.70%,
04/01/31
(a) |
1,880,000 |
1,613,027 |
4.50%,
08/01/32
(a) |
1,500,000 |
1,446,652 |
Arizona
Public Service Co. | ||
2.60%,
08/15/29
(a) |
1,225,000 |
1,096,603 |
2.20%,
12/15/31
(a) |
1,565,000 |
1,277,598 |
6.35%,
12/15/32
(a) |
1,250,000 |
1,359,979 |
5.55%,
08/01/33
(a) |
1,565,000 |
1,622,644 |
Atlantic
City Electric Co. | ||
2.30%,
03/15/31
(a) |
1,175,000 |
995,742 |
Avangrid,
Inc. | ||
3.80%,
06/01/29
(a) |
2,425,000 |
2,286,221 |
Baltimore
Gas & Electric Co. | ||
2.25%,
06/15/31
(a) |
1,925,000 |
1,644,971 |
Berkshire
Hathaway Energy Co. | ||
3.70%,
07/15/30
(a) |
3,155,000 |
2,989,796 |
1.65%,
05/15/31
(a) |
1,868,000 |
1,501,462 |
Black
Hills Corp. | ||
3.05%,
10/15/29
(a) |
1,355,000 |
1,219,699 |
2.50%,
06/15/30
(a) |
1,280,000 |
1,079,773 |
4.35%,
05/01/33
(a) |
1,320,000 |
1,224,961 |
CenterPoint
Energy Houston Electric LLC | ||
2.35%,
04/01/31
(a) |
1,575,000 |
1,360,753 |
3.00%,
03/01/32
(a) |
900,000 |
798,148 |
4.45%,
10/01/32
(a) |
1,510,000 |
1,485,216 |
6.95%,
03/15/33
|
950,000 |
1,101,916 |
4.95%,
04/01/33
(a) |
1,740,000 |
1,777,235 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CenterPoint
Energy, Inc. | ||
2.95%,
03/01/30
(a) |
1,380,000 |
1,226,609 |
2.65%,
06/01/31
(a) |
1,450,000 |
1,242,645 |
CMS
Energy Corp. | ||
4.75%,
06/01/50
(a)(b) |
1,645,000 |
1,491,222 |
3.75%,
12/01/50
(a)(b) |
1,125,000 |
900,060 |
Commonwealth
Edison Co. | ||
2.20%,
03/01/30
(a) |
1,100,000 |
953,550 |
3.15%,
03/15/32
(a) |
1,010,000 |
903,332 |
4.90%,
02/01/33
(a) |
1,300,000 |
1,324,887 |
Connecticut
Light & Power Co. | ||
2.05%,
07/01/31
(a) |
1,555,000 |
1,295,619 |
4.90%,
07/01/33
(a) |
975,000 |
990,585 |
Consolidated
Edison Co. of New York, Inc. | ||
3.35%,
04/01/30
(a) |
1,995,000 |
1,865,576 |
2.40%,
06/15/31
(a) |
2,805,000 |
2,428,698 |
5.20%,
03/01/33
(a) |
1,505,000 |
1,561,353 |
Constellation
Energy Generation LLC | ||
5.80%,
03/01/33
(a) |
1,960,000 |
2,067,296 |
Consumers
Energy Co. | ||
4.90%,
02/15/29
(a) |
1,600,000 |
1,633,318 |
3.60%,
08/15/32
(a) |
1,245,000 |
1,155,526 |
4.63%,
05/15/33
(a) |
2,179,000 |
2,180,797 |
Dominion
Energy South Carolina, Inc. | ||
2.30%,
12/01/31
(a) |
1,380,000 |
1,160,170 |
6.63%,
02/01/32
|
850,000 |
965,339 |
5.30%,
05/15/33
|
1,000,000 |
1,038,685 |
Dominion
Energy, Inc. | ||
3.38%,
04/01/30
(a) |
4,735,000 |
4,368,591 |
2.25%,
08/15/31
(a) |
2,690,000 |
2,229,034 |
4.35%,
08/15/32
(a) |
1,395,000 |
1,349,163 |
5.38%,
11/15/32
(a) |
2,650,000 |
2,719,947 |
6.30%,
03/15/33
|
1,100,000 |
1,182,039 |
5.25%,
08/01/33
|
1,615,000 |
1,642,309 |
DTE
Electric Co. | ||
2.25%,
03/01/30
(a) |
1,881,000 |
1,651,889 |
2.63%,
03/01/31
(a) |
1,900,000 |
1,670,782 |
3.00%,
03/01/32
(a) |
1,605,000 |
1,426,569 |
5.20%,
04/01/33
(a) |
1,900,000 |
1,978,741 |
DTE
Energy Co. | ||
3.40%,
06/15/29
(a) |
1,515,000 |
1,416,982 |
2.95%,
03/01/30
(a) |
1,025,000 |
909,911 |
Duke
Energy Carolinas LLC | ||
2.45%,
08/15/29
(a) |
1,395,000 |
1,246,636 |
2.45%,
02/01/30
(a) |
1,600,000 |
1,426,306 |
2.55%,
04/15/31
(a) |
1,625,000 |
1,414,912 |
2.85%,
03/15/32
(a) |
1,800,000 |
1,575,527 |
6.45%,
10/15/32
|
1,180,000 |
1,305,350 |
4.95%,
01/15/33
(a) |
4,025,000 |
4,106,496 |
Duke
Energy Corp. | ||
3.40%,
06/15/29
(a) |
1,885,000 |
1,774,613 |
2.45%,
06/01/30
(a) |
2,695,000 |
2,357,358 |
2.55%,
06/15/31
(a) |
3,269,000 |
2,794,167 |
4.50%,
08/15/32
(a) |
3,500,000 |
3,393,908 |
5.75%,
09/15/33
(a) |
1,975,000 |
2,093,049 |
Duke
Energy Florida LLC | ||
2.50%,
12/01/29
(a) |
2,298,000 |
2,052,310 |
1.75%,
06/15/30
(a) |
1,550,000 |
1,296,631 |
2.40%,
12/15/31
(a) |
2,140,000 |
1,812,321 |
5.88%,
11/15/33
(a) |
2,000,000 |
2,160,684 |
Duke
Energy Ohio, Inc. | ||
3.65%,
02/01/29
(a) |
1,210,000 |
1,168,510 |
2.13%,
06/01/30
(a) |
1,340,000 |
1,141,311 |
5.25%,
04/01/33
(a) |
1,340,000 |
1,384,316 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Duke
Energy Progress LLC | ||
3.45%,
03/15/29
(a) |
1,835,000 |
1,752,102 |
2.00%,
08/15/31
(a) |
2,105,000 |
1,743,438 |
3.40%,
04/01/32
(a) |
1,600,000 |
1,451,856 |
5.25%,
03/15/33
(a) |
1,650,000 |
1,707,943 |
Edison
International | ||
6.95%,
11/15/29
(a) |
1,775,000 |
1,931,388 |
Emera
U.S. Finance LP | ||
2.64%,
06/15/31
(a) |
1,370,000 |
1,125,982 |
Entergy
Arkansas LLC | ||
5.15%,
01/15/33
(a) |
1,293,000 |
1,323,735 |
5.30%,
09/15/33
(a) |
900,000 |
927,867 |
Entergy
Corp. | ||
2.80%,
06/15/30
(a) |
1,905,000 |
1,682,731 |
2.40%,
06/15/31
(a) |
1,920,000 |
1,608,101 |
Entergy
Louisiana LLC | ||
1.60%,
12/15/30
(a) |
1,125,000 |
903,321 |
3.05%,
06/01/31
(a) |
1,175,000 |
1,040,288 |
2.35%,
06/15/32
(a) |
1,572,000 |
1,309,061 |
4.00%,
03/15/33
(a) |
2,410,000 |
2,252,238 |
Entergy
Mississippi LLC | ||
5.00%,
09/01/33
(a) |
900,000 |
908,229 |
Entergy
Texas, Inc. | ||
4.00%,
03/30/29
(a) |
893,000 |
869,344 |
1.75%,
03/15/31
(a) |
2,022,000 |
1,656,501 |
Evergy
Kansas Central, Inc. | ||
5.90%,
11/15/33
(a) |
955,000 |
1,023,376 |
Evergy
Metro, Inc. | ||
2.25%,
06/01/30
(a) |
1,325,000 |
1,130,963 |
4.95%,
04/15/33
(a) |
950,000 |
950,794 |
Evergy,
Inc. | ||
2.90%,
09/15/29
(a) |
2,581,000 |
2,340,115 |
Eversource
Energy | ||
5.95%,
02/01/29
(a) |
2,300,000 |
2,414,519 |
4.25%,
04/01/29
(a) |
1,520,000 |
1,479,762 |
1.65%,
08/15/30
(a) |
1,975,000 |
1,609,552 |
2.55%,
03/15/31
(a) |
1,150,000 |
976,395 |
3.38%,
03/01/32
(a) |
2,025,000 |
1,796,887 |
5.13%,
05/15/33
(a) |
2,400,000 |
2,415,044 |
Exelon
Corp. | ||
4.05%,
04/15/30
(a) |
3,940,000 |
3,766,471 |
3.35%,
03/15/32
(a) |
2,115,000 |
1,898,023 |
5.30%,
03/15/33
(a) |
2,425,000 |
2,478,502 |
Florida
Power & Light Co. | ||
4.63%,
05/15/30
(a) |
1,560,000 |
1,576,330 |
2.45%,
02/03/32
(a) |
4,775,000 |
4,108,036 |
5.10%,
04/01/33
(a) |
2,435,000 |
2,517,086 |
4.80%,
05/15/33
(a) |
2,345,000 |
2,372,734 |
Georgia
Power Co. | ||
2.65%,
09/15/29
(a) |
2,145,000 |
1,948,196 |
4.70%,
05/15/32
(a) |
2,050,000 |
2,045,948 |
4.95%,
05/17/33
(a) |
3,131,000 |
3,167,470 |
Interstate
Power & Light Co. | ||
3.60%,
04/01/29
(a) |
975,000 |
928,125 |
2.30%,
06/01/30
(a) |
1,200,000 |
1,030,015 |
5.70%,
10/15/33
(a) |
925,000 |
974,729 |
IPALCO
Enterprises, Inc. | ||
4.25%,
05/01/30
(a) |
1,500,000 |
1,391,879 |
Kentucky
Utilities Co. | ||
5.45%,
04/15/33
(a) |
1,000,000 |
1,041,315 |
Louisville
Gas & Electric Co. | ||
5.45%,
04/15/33
(a) |
1,385,000 |
1,445,710 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
MidAmerican
Energy Co. | ||
3.65%,
04/15/29
(a) |
2,790,000 |
2,668,675 |
6.75%,
12/30/31
|
1,175,000 |
1,340,752 |
National
Grid PLC | ||
5.81%,
06/12/33
(a) |
2,540,000 |
2,676,475 |
National
Rural Utilities Cooperative Finance Corp. | ||
3.70%,
03/15/29
(a) |
1,425,000 |
1,356,750 |
2.40%,
03/15/30
(a) |
1,545,000 |
1,343,874 |
1.35%,
03/15/31
(a) |
1,250,000 |
984,414 |
1.65%,
06/15/31
(a) |
1,300,000 |
1,040,185 |
8.00%,
03/01/32
|
1,405,000 |
1,685,416 |
2.75%,
04/15/32
(a) |
1,825,000 |
1,555,962 |
4.02%,
11/01/32
(a) |
1,900,000 |
1,787,578 |
4.15%,
12/15/32
(a) |
1,350,000 |
1,285,413 |
5.80%,
01/15/33
(a) |
1,807,000 |
1,920,299 |
Nevada
Power Co. | ||
3.70%,
05/01/29
(a) |
1,675,000 |
1,612,951 |
2.40%,
05/01/30
(a) |
1,285,000 |
1,117,224 |
NextEra
Energy Capital Holdings, Inc. | ||
3.50%,
04/01/29
(a) |
1,525,000 |
1,444,839 |
2.75%,
11/01/29
(a) |
3,265,000 |
2,934,166 |
5.00%,
02/28/30
(a) |
2,007,000 |
2,031,656 |
2.25%,
06/01/30
(a) |
6,452,000 |
5,523,957 |
2.44%,
01/15/32
(a) |
3,210,000 |
2,694,648 |
5.00%,
07/15/32
(a) |
3,205,000 |
3,235,611 |
5.05%,
02/28/33
(a) |
3,100,000 |
3,118,245 |
5.65%,
05/01/79
(a)(b) |
1,525,000 |
1,430,383 |
Northern
States Power Co. | ||
2.25%,
04/01/31
(a) |
1,325,000 |
1,140,715 |
NSTAR
Electric Co. | ||
3.25%,
05/15/29
(a) |
1,283,000 |
1,209,490 |
3.95%,
04/01/30
(a) |
1,480,000 |
1,417,676 |
1.95%,
08/15/31
(a) |
930,000 |
764,318 |
Ohio
Power Co. | ||
2.60%,
04/01/30
(a) |
1,115,000 |
980,318 |
1.63%,
01/15/31
(a) |
1,420,000 |
1,152,434 |
5.00%,
06/01/33
(a) |
1,072,000 |
1,081,351 |
Oklahoma
Gas & Electric Co. | ||
3.30%,
03/15/30
(a) |
980,000 |
899,305 |
3.25%,
04/01/30
(a) |
975,000 |
892,725 |
5.40%,
01/15/33
(a) |
1,390,000 |
1,457,784 |
Oncor
Electric Delivery Co. LLC | ||
5.75%,
03/15/29
(a) |
1,025,000 |
1,083,744 |
2.75%,
05/15/30
(a) |
2,050,000 |
1,846,181 |
7.00%,
05/01/32
|
1,510,000 |
1,735,036 |
4.15%,
06/01/32
(a) |
1,400,000 |
1,352,546 |
4.55%,
09/15/32
(a) |
2,475,000 |
2,455,904 |
7.25%,
01/15/33
|
990,000 |
1,157,997 |
5.65%,
11/15/33
(a)(e) |
2,300,000 |
2,456,998 |
Pacific
Gas & Electric Co. | ||
6.10%,
01/15/29
(a) |
2,600,000 |
2,693,048 |
4.20%,
03/01/29
(a) |
1,375,000 |
1,304,259 |
4.55%,
07/01/30
(a) |
9,871,000 |
9,415,135 |
2.50%,
02/01/31
(a) |
6,570,000 |
5,434,981 |
3.25%,
06/01/31
(a) |
3,210,000 |
2,785,595 |
4.40%,
03/01/32
(a) |
1,235,000 |
1,146,080 |
5.90%,
06/15/32
(a) |
1,910,000 |
1,945,244 |
6.15%,
01/15/33
(a) |
2,505,000 |
2,602,134 |
6.40%,
06/15/33
(a) |
3,655,000 |
3,849,630 |
PacifiCorp | ||
3.50%,
06/15/29
(a) |
1,245,000 |
1,170,502 |
2.70%,
09/15/30
(a) |
1,340,000 |
1,162,183 |
7.70%,
11/15/31
|
1,050,000 |
1,230,309 |
PECO
Energy Co. | ||
4.90%,
06/15/33
(a) |
1,914,000 |
1,949,998 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
PPL
Capital Funding, Inc. | ||
4.13%,
04/15/30
(a) |
1,300,000 |
1,239,428 |
PPL
Electric Utilities Corp. | ||
5.00%,
05/15/33
(a) |
2,160,000 |
2,215,572 |
Progress
Energy, Inc. | ||
7.75%,
03/01/31
|
2,225,000 |
2,572,948 |
7.00%,
10/30/31
|
1,150,000 |
1,301,596 |
Public
Service Co. of Colorado | ||
1.90%,
01/15/31
(a) |
1,325,000 |
1,101,626 |
1.88%,
06/15/31
(a) |
2,350,000 |
1,942,728 |
4.10%,
06/01/32
(a) |
825,000 |
791,753 |
Public
Service Co. of New Hampshire | ||
2.20%,
06/15/31
(a) |
1,135,000 |
959,177 |
5.35%,
10/01/33
(a) |
1,075,000 |
1,128,708 |
Public
Service Co. of Oklahoma | ||
2.20%,
08/15/31
(a) |
1,240,000 |
1,027,583 |
5.25%,
01/15/33
(a) |
1,650,000 |
1,666,914 |
Public
Service Electric & Gas Co. | ||
3.20%,
05/15/29
(a) |
1,150,000 |
1,079,000 |
2.45%,
01/15/30
(a) |
990,000 |
876,977 |
1.90%,
08/15/31
(a) |
1,375,000 |
1,129,772 |
3.10%,
03/15/32
(a) |
1,500,000 |
1,345,380 |
4.90%,
12/15/32
(a) |
1,375,000 |
1,399,727 |
4.65%,
03/15/33
(a) |
1,600,000 |
1,600,917 |
5.20%,
08/01/33
(a) |
1,575,000 |
1,645,910 |
Public
Service Enterprise Group, Inc. | ||
1.60%,
08/15/30
(a) |
1,675,000 |
1,374,995 |
2.45%,
11/15/31
(a) |
2,500,000 |
2,104,308 |
6.13%,
10/15/33
(a) |
1,250,000 |
1,345,733 |
Puget
Energy, Inc. | ||
4.10%,
06/15/30
(a) |
1,700,000 |
1,563,094 |
4.22%,
03/15/32
(a) |
1,465,000 |
1,328,700 |
San
Diego Gas & Electric Co. | ||
1.70%,
10/01/30
(a) |
2,435,000 |
2,018,474 |
3.00%,
03/15/32
(a) |
1,665,000 |
1,480,890 |
Southern
California Edison Co. | ||
4.20%,
03/01/29
(a) |
1,585,000 |
1,555,839 |
6.65%,
04/01/29
|
985,000 |
1,051,802 |
2.85%,
08/01/29
(a) |
1,745,000 |
1,594,898 |
2.25%,
06/01/30
(a) |
1,690,000 |
1,454,112 |
2.50%,
06/01/31
(a) |
1,455,000 |
1,252,719 |
2.75%,
02/01/32
(a) |
1,620,000 |
1,408,329 |
5.95%,
11/01/32
(a) |
2,160,000 |
2,322,933 |
Southern
Co. | ||
5.50%,
03/15/29
(a) |
1,800,000 |
1,873,984 |
3.70%,
04/30/30
(a) |
3,375,000 |
3,185,120 |
5.70%,
10/15/32
(a) |
1,495,000 |
1,575,867 |
5.20%,
06/15/33
(a) |
2,235,000 |
2,281,374 |
Southwestern
Electric Power Co. | ||
5.30%,
04/01/33
(a) |
1,225,000 |
1,229,257 |
Tampa
Electric Co. | ||
2.40%,
03/15/31
(a) |
1,285,000 |
1,087,906 |
Tucson
Electric Power Co. | ||
1.50%,
08/01/30
(a) |
1,050,000 |
860,950 |
3.25%,
05/15/32
(a) |
810,000 |
724,996 |
Union
Electric Co. | ||
3.50%,
03/15/29
(a) |
1,325,000 |
1,257,298 |
2.95%,
03/15/30
(a) |
1,400,000 |
1,265,875 |
2.15%,
03/15/32
(a) |
1,745,000 |
1,452,077 |
Virginia
Electric & Power Co. | ||
2.88%,
07/15/29
(a) |
1,650,000 |
1,519,084 |
2.30%,
11/15/31
(a) |
1,600,000 |
1,349,706 |
2.40%,
03/30/32
(a) |
1,825,000 |
1,545,489 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.00%,
04/01/33
(a) |
2,375,000 |
2,407,704 |
5.30%,
08/15/33
(a) |
1,260,000 |
1,303,938 |
WEC
Energy Group, Inc. | ||
1.80%,
10/15/30
(a) |
1,350,000 |
1,103,918 |
Wisconsin
Electric Power Co. | ||
4.75%,
09/30/32
(a) |
1,540,000 |
1,560,858 |
5.63%,
05/15/33
|
1,100,000 |
1,191,710 |
Wisconsin
Power & Light Co. | ||
3.00%,
07/01/29
(a) |
1,200,000 |
1,116,651 |
1.95%,
09/16/31
(a) |
1,025,000 |
833,246 |
3.95%,
09/01/32
(a) |
1,800,000 |
1,706,410 |
4.95%,
04/01/33
(a) |
1,020,000 |
1,023,784 |
Xcel
Energy, Inc. | ||
2.60%,
12/01/29
(a) |
1,500,000 |
1,344,233 |
3.40%,
06/01/30
(a) |
1,980,000 |
1,830,055 |
2.35%,
11/15/31
(a) |
1,075,000 |
892,389 |
4.60%,
06/01/32
(a) |
2,105,000 |
2,057,945 |
5.45%,
08/15/33
(a) |
2,650,000 |
2,737,093 |
|
|
408,718,003 |
Natural
Gas 0.7%
| ||
Atmos
Energy Corp. | ||
2.63%,
09/15/29
(a) |
1,700,000 |
1,549,770 |
1.50%,
01/15/31
(a) |
1,765,000 |
1,440,186 |
5.45%,
10/15/32
(a) |
975,000 |
1,031,375 |
5.90%,
11/15/33
(a) |
1,300,000 |
1,413,348 |
CenterPoint
Energy Resources Corp. | ||
1.75%,
10/01/30
(a) |
1,625,000 |
1,358,619 |
4.40%,
07/01/32
(a) |
1,600,000 |
1,557,165 |
5.40%,
03/01/33
(a) |
1,980,000 |
2,068,332 |
NiSource,
Inc. | ||
2.95%,
09/01/29
(a) |
2,340,000 |
2,141,171 |
3.60%,
05/01/30
(a) |
3,215,000 |
3,003,385 |
1.70%,
02/15/31
(a) |
2,340,000 |
1,906,749 |
5.40%,
06/30/33
(a) |
1,435,000 |
1,482,636 |
ONE
Gas, Inc. | ||
5.10%,
04/01/29
(a) |
975,000 |
994,668 |
2.00%,
05/15/30
(a) |
900,000 |
767,020 |
4.25%,
09/01/32
(a) |
850,000 |
815,929 |
Piedmont
Natural Gas Co., Inc. | ||
3.50%,
06/01/29
(a) |
2,000,000 |
1,873,706 |
2.50%,
03/15/31
(a) |
1,259,000 |
1,077,052 |
5.40%,
06/15/33
(a) |
875,000 |
902,826 |
Sempra | ||
3.70%,
04/01/29
(a) |
1,540,000 |
1,469,954 |
5.50%,
08/01/33
(a) |
2,260,000 |
2,345,999 |
Southern
California Gas Co. | ||
2.55%,
02/01/30
(a) |
2,165,000 |
1,908,064 |
5.20%,
06/01/33
(a) |
1,520,000 |
1,566,633 |
Southern
Co. Gas Capital Corp. | ||
1.75%,
01/15/31
(a) |
1,700,000 |
1,390,570 |
5.15%,
09/15/32
(a) |
1,560,000 |
1,582,963 |
5.75%,
09/15/33
(a) |
1,625,000 |
1,708,891 |
Southwest
Gas Corp. | ||
2.20%,
06/15/30
(a) |
1,575,000 |
1,343,910 |
4.05%,
03/15/32
(a) |
1,905,000 |
1,791,484 |
Spire
Missouri, Inc. | ||
4.80%,
02/15/33
(a) |
1,270,000 |
1,273,446 |
|
|
41,765,851 |
Utility
Other 0.2%
| ||
American
Water Capital Corp. | ||
3.45%,
06/01/29
(a) |
1,775,000 |
1,678,896 |
2.80%,
05/01/30
(a) |
1,565,000 |
1,405,563 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.30%,
06/01/31
(a) |
1,750,000 |
1,497,284 |
4.45%,
06/01/32
(a) |
2,650,000 |
2,636,871 |
Essential
Utilities, Inc. | ||
3.57%,
05/01/29
(a) |
1,290,000 |
1,208,742 |
2.70%,
04/15/30
(a) |
1,825,000 |
1,600,462 |
2.40%,
05/01/31
(a) |
1,060,000 |
888,189 |
|
|
10,916,007 |
|
|
461,399,861 |
Total
Corporates
(Cost
$5,594,006,875) |
5,698,379,159 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
1.0%
OF NET ASSETS | ||
| ||
Money
Market Funds 1.0% | ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(g) |
8,547,447 |
8,547,447 |
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
5.32%
(g)(h) |
48,174,753 |
48,174,753 |
|
|
56,722,200 |
Total
Short-Term Investments
(Cost
$56,722,200) |
56,722,200 | |
Total
Investments in Securities
(Cost
$5,650,729,075) |
5,755,101,359 |
|
NUMBER
OF
CONTRACTS |
NOTIONAL
AMOUNT
($) |
CURRENT
VALUE/
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
FUTURES
CONTRACTS | |||
Long |
|
|
|
5
Year US Treasury Notes
(CBOT),
expires 03/28/24 |
47 |
5,112,352 |
32,428 |
Short |
|
|
|
10
Year US Treasury Notes
(CBOT),
expires 03/19/24 |
(25
) |
(2,822,266
) |
(10,585
) |
10
Year US Treasury Notes
Ultra
Futures, expires
03/19/24 |
(9
) |
(1,062,141
) |
(4,435
) |
|
(15,020
) | ||
Total
Net Unrealized Appreciation on Futures Contracts |
17,408 |
(a) |
The
effective maturity may be shorter than the final maturity shown because of
the
possibility of interim principal payments and prepayments or as the result
of
embedded
demand features (puts or calls). |
(b) |
Security
is in a fixed-rate coupon period. Based on index eligibility requirements
and
the fund’s investment objective this security will be removed from the
index
prior
to converting to a floating rate
security. |
(c) |
All
or a portion of this security is on loan. Securities on loan were valued
at
$45,357,774. |
(d) |
Issuer
is affiliated with the fund’s investment adviser. |
(e) |
Securities
exempt from registration under Rule 144A of the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from
registrations,
normally to qualified institutional buyers. At the period end, the
value
of these amounted to $59,115,186 or 1.0% of net
assets. |
(f) |
Interest
rate is subject to adjustments from time to time if a nationally
recognized
statistical rating organization downgrades (or subsequently
upgrades)
the debt rating assigned to the bond. |
(g) |
The
rate shown is the annualized 7-day yield. |
(h) |
Security
purchased with cash collateral received for securities on
loan. |
CBOT
— |
Chicago
Board of Trade |
REIT
— |
Real
Estate Investment Trust |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/22 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/23 |
FACE
AMOUNT
AT
12/31/23 |
INTEREST
INCOME
EARNED |
CORPORATES
0.4%
OF NET ASSETS | |||||||||
| |||||||||
Financial
Institutions 0.4% | |||||||||
Brokerage/Asset
Managers/Exchanges 0.4% | |||||||||
Charles
Schwab Corp. | |||||||||
3.20%,
01/25/28 |
$93,366 |
$— |
($95,403
) |
($11,008
) |
$13,159 |
($114
) |
$— |
$— |
$275 |
2.00%,
03/20/28 |
219,822 |
— |
(215,029
) |
(31,647
) |
26,718 |
136 |
— |
— |
1,292 |
4.00%,
02/01/29 |
95,256 |
1,703,282 |
(23,278
) |
(362
) |
31,147 |
7,116 |
1,813,161 |
1,865,000 |
53,786 |
3.25%,
05/22/29 |
95,357 |
1,650,477 |
(87,606
) |
(1,636
) |
66,362 |
17,928 |
1,740,882 |
1,855,000 |
43,833 |
2.75%,
10/01/29 |
65,514 |
1,141,707 |
— |
— |
38,601 |
16,514 |
1,262,336 |
1,400,000 |
27,748 |
4.63%,
03/22/30 |
73,735 |
1,530,287 |
(120,539
) |
677 |
65,445 |
4,190 |
1,553,795 |
1,545,000 |
51,256 |
1.65%,
03/11/31 |
97,482 |
1,670,081 |
(19,241
) |
(127
) |
50,562 |
38,304 |
1,837,061 |
2,275,000 |
27,871 |
2.30%,
05/13/31 |
102,387 |
1,765,725 |
(19,813
) |
(214
) |
41,135 |
30,392 |
1,919,612 |
2,295,000 |
38,494 |
1.95%,
12/01/31 |
125,647 |
1,955,687 |
(94,372
) |
(2,178
) |
49,977 |
38,804 |
2,073,565 |
2,575,000 |
37,297 |
2.90%,
03/03/32 |
165,959 |
2,491,361 |
(101,883
) |
(1,969
) |
65,566 |
31,981 |
2,651,015 |
3,070,000 |
65,315 |
5.85%,
05/19/34 |
— |
4,210,006 |
(73,527
) |
(106
) |
99,813 |
(1,866
) |
4,234,320 |
4,100,000 |
121,153 |
6.14%,
08/24/34 |
— |
4,257,558 |
— |
— |
249,226 |
97 |
4,506,881 |
4,265,000 |
79,430 |
Total |
$1,134,525 |
$22,376,171 |
($850,691
) |
($48,570
) |
$797,711 |
$183,482 |
$23,592,628 |
|
$547,750 |
DESCRIPTION |
QUOTED
PRICES IN
ACTIVE
MARKETS FOR
IDENTICAL
ASSETS
(LEVEL
1) |
OTHER
SIGNIFICANT
OBSERVABLE
INPUTS
(LEVEL
2) |
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL
3) |
TOTAL |
Assets |
|
|
|
|
Corporates1
|
$— |
$5,698,379,159 |
$— |
$5,698,379,159 |
Short-Term
Investments1
|
56,722,200 |
— |
— |
56,722,200 |
Futures
Contracts2
|
32,428 |
— |
— |
32,428 |
Liabilities |
|
|
|
|
Futures
Contracts2
|
(15,020
) |
— |
— |
(15,020
) |
Total |
$56,739,608 |
$5,698,379,159 |
$— |
$5,755,118,767 |
1
|
As
categorized in the Portfolio Holdings.
|
2
|
Futures
contracts are reported at cumulative unrealized appreciation or
depreciation. |
Assets | ||
Investments
in securities, at value - affiliated (cost
$22,978,854) |
|
$23,592,628 |
Investments
in securities, at value - unaffiliated (cost $5,627,750,221) including
securities on loan of $45,357,774 |
|
5,731,508,731 |
Deposit
with broker for futures contracts |
|
1,697,025 |
Receivables: |
|
|
Investments
sold |
|
65,038,800 |
Interest |
|
63,156,336 |
Fund
shares sold |
|
4,498,462 |
Income
from securities on loan |
|
81,015 |
Dividends |
|
48,332 |
Variation
margin on future contracts |
+ |
7,918 |
Total
assets |
|
5,889,629,247 |
| ||
Liabilities | ||
Collateral
held for securities on loan |
|
48,174,753 |
Payables: |
|
|
Investments
bought |
|
78,823,966 |
Management
fees |
+ |
143,223 |
Total
liabilities |
|
127,141,942 |
Net
assets |
|
$5,762,487,305 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$5,696,770,209 |
Total
distributable earnings |
+ |
65,717,096 |
Net
assets |
|
$5,762,487,305 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$5,762,487,305 |
|
128,100,000 |
|
$44.98 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2023 through December 31,
2023 | ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$200,604,936 |
Interest
received from securities - affiliated |
|
731,232 |
Dividends
received from securities - unaffiliated
|
|
419,919 |
Securities
on loan, net |
+ |
450,058 |
Total
investment income
|
|
202,206,145 |
| ||
Expenses | ||
Management
fees |
|
1,193,990 |
Total
expenses |
– |
1,193,990 |
Net
investment income |
|
201,012,155 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(42,655
) |
Net
realized losses on sales of securities -
unaffiliated |
|
(32,739,611
) |
Net
realized losses on sales of in-kind redemptions -
affiliated |
|
(5,915
) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
|
(5,198,451
) |
Net
realized losses on futures contracts |
+ |
(946,731
) |
Net
realized losses |
|
(38,933,363
) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
797,711 |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
|
154,598,744 |
Net
change in unrealized appreciation (depreciation) on futures
contracts |
+ |
17,408 |
Net
change in unrealized appreciation (depreciation) |
+ |
155,413,863 |
Net
realized and unrealized gains |
|
116,480,500 |
Increase
in net assets resulting from operations |
|
$317,492,655 |
OPERATIONS | |||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |
Net
investment income |
|
$201,012,155 |
$11,600,575 |
Net
realized losses |
|
(38,933,363
) |
(20,699,949
) |
Net
change in unrealized appreciation (depreciation) |
+ |
155,413,863 |
(46,734,908
) |
Increase
(decrease) in net assets resulting from operations |
|
$317,492,655 |
($55,834,282
) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($200,670,060
) |
($11,666,820
) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
128,200,000 |
$5,648,599,785 |
5,450,000 |
$246,351,970 |
Shares
redeemed |
+ |
(7,700,000
) |
(331,211,516
) |
(5,100,000
) |
(225,629,306
) |
Net
transactions in fund shares
|
|
120,500,000 |
$5,317,388,269 |
350,000 |
$20,722,664 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/23-12/31/23 |
1/1/22-12/31/22 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
7,600,000 |
$328,276,441 |
7,250,000 |
$375,054,879 |
Total
increase (decrease) |
+ |
120,500,000 |
5,434,210,864 |
350,000 |
(46,778,438
) |
End
of period |
|
128,100,000 |
$5,762,487,305 |
7,600,000 |
$328,276,441 |
SCHWAB
STRATEGIC TRUST | |
Schwab
U.S. TIPS ETF |
Schwab
High Yield Bond ETF |
Schwab
Short-Term U.S. Treasury ETF |
Schwab
International Dividend Equity ETF |
Schwab
Intermediate-Term U.S. Treasury ETF |
Schwab
International Equity ETF |
Schwab
Long-Term U.S. Treasury ETF |
Schwab
International Small-Cap Equity ETF |
Schwab
U.S. Aggregate Bond ETF |
Schwab
Emerging Markets Equity ETF |
Schwab
1-5 Year Corporate Bond ETF |
Schwab
U.S. REIT ETF |
Schwab
5-10 Year Corporate Bond ETF |
Schwab
Fundamental U.S. Broad Market Index ETF |
Schwab
U.S. Broad Market ETF |
Schwab
Fundamental U.S. Large Company Index ETF |
Schwab
1000 Index®
ETF |
Schwab
Fundamental U.S. Small Company Index ETF |
Schwab
U.S. Large-Cap ETF |
Schwab
Fundamental International Large Company Index ETF |
Schwab
U.S. Large-Cap Growth ETF |
Schwab
Fundamental International Small Company Index ETF |
Schwab
U.S. Large-Cap Value ETF |
Schwab
Fundamental Emerging Markets Large Company Index
ETF |
Schwab
U.S. Mid-Cap ETF |
Schwab
Ariel ESG ETF |
Schwab
U.S. Small-Cap ETF |
Schwab
Municipal Bond ETF |
Schwab
U.S. Dividend Equity ETF |
Schwab
Crypto Thematic ETF |
SCHWAB
U.S.
TIPS ETF |
SCHWAB
SHORT-TERM
U.S.
TREASURY ETF |
SCHWAB
INTERMEDIATE-TERM
U.S.
TREASURY ETF |
SCHWAB
LONG-TERM
U.S.
TREASURY ETF |
SCHWAB
U.S.
AGGREGATE
BOND
ETF |
SCHWAB
1-5
YEAR
CORPORATE
BOND ETF |
SCHWAB
5-10
YEAR
CORPORATE
BOND ETF |
0.03
%* |
0.03
% |
0.03
% |
0.03
% |
0.03
% |
0.03
% |
0.03
% |
|
UNDERLYING
FUNDS | |||||
|
SCHWAB
U.S.
TIPS ETF |
SCHWAB
SHORT-TERM
U.S.
TREASURY ETF |
SCHWAB
LONG-TERM
U.S.
TREASURY ETF |
SCHWAB
U.S.
AGGREGATE
BOND
ETF |
SCHWAB
1-5
YEAR
CORPORATE
BOND ETF |
SCHWAB
5-10
YEAR
CORPORATE
BOND ETF |
Schwab
Monthly Income Fund -
Flexible
Payout |
—
% |
—
% |
0.8
% |
—
% |
—
% |
0.0
%* |
Schwab
Monthly Income Fund -
Income
Payout |
—
% |
—
% |
0.6
% |
—
% |
1.3
% |
0.1
% |
Schwab
Monthly Income Fund - Target
Payout
|
—
% |
—
% |
0.4
% |
—
% |
—
% |
0.0
%* |
Schwab
Target 2010 Index Fund |
0.0
%* |
0.0
%* |
—
% |
0.3
% |
—
% |
—
% |
Schwab
Target 2015 Index Fund |
0.0
%* |
0.0
%* |
—
% |
0.4
% |
—
% |
—
% |
Schwab
Target 2020 Index Fund |
0.1
% |
0.1
% |
—
% |
1.5
% |
—
% |
—
% |
Schwab
Target 2025 Index Fund |
0.2
% |
0.2
% |
—
% |
2.7
% |
—
% |
—
% |
Schwab
Target 2030 Index Fund |
0.1
% |
0.2
% |
—
% |
4.0
% |
—
% |
—
% |
Schwab
Target 2035 Index Fund |
—
% |
0.1
% |
—
% |
2.2
% |
—
% |
—
% |
Schwab
Target 2040 Index Fund |
—
% |
0.0
%* |
—
% |
2.0
% |
—
% |
—
% |
Schwab
Target 2045 Index Fund |
—
% |
0.0
%* |
—
% |
0.8
% |
—
% |
—
% |
Schwab
Target 2050 Index Fund |
—
% |
—
% |
—
% |
0.7
% |
—
% |
—
% |
Schwab
Target 2055 Index Fund |
—
% |
—
% |
—
% |
0.3
% |
—
% |
—
% |
Schwab
Target 2060 Index Fund |
—
% |
—
% |
—
% |
0.3
% |
—
% |
—
% |
Schwab
Target 2065 Index Fund |
—
% |
—
% |
—
% |
0.0
%* |
—
% |
—
% |
Schwab
VIT Balanced Portfolio |
0.0
%* |
0.1
% |
—
% |
0.4
% |
—
% |
—
% |
Schwab
VIT Balanced with Growth
Portfolio |
0.0
%* |
0.1
% |
—
% |
0.6
% |
—
% |
—
% |
Schwab
VIT Growth Portfolio |
—
% |
—
% |
—
% |
0.3
% |
—
% |
—
% |
* |
Less
than 0.05% |
|
INTEREST
RATE
CONTRACTS |
TOTAL |
Asset
Derivatives |
|
|
Schwab
5-10 Year Corporate Bond ETF |
|
|
Futures
Contracts1
|
$32,428 |
$32,428 |
|
|
1 |
Includes
cumulative unrealized appreciation of futures contracts as reported in the
fund’s Portfolio Holdings. Only current day’s variation margin on
futures contracts is
reported
within the Statement of Assets and
Liabilities. |
Liability
Derivatives |
|
|
Schwab
5-10 Year Corporate Bond ETF |
|
|
Futures
Contracts1
|
($15,020
) |
($15,020
) |
|
|
1 |
Includes
cumulative unrealized depreciation of futures contracts as reported in the
fund’s Portfolio Holdings. Only current day’s variation margin on
futures contracts is
reported
within the Statement of Assets and
Liabilities. |
|
INTEREST
RATE
CONTRACTS |
TOTAL |
Net
Realized Gains (Losses) |
|
|
Schwab
1-5 Year Corporate Bond ETF
|
|
|
Futures
Contracts1
|
($1,147
) |
($1,147
) |
Schwab
5-10 Year Corporate Bond ETF |
|
|
Futures
Contracts1
|
(946,731
) |
(946,731
) |
|
|
1 |
Statement
of Operations location: Net realized gains (losses) on futures
contracts. |
Net
Change in Unrealized Appreciation (Depreciation) |
|
|
Schwab
1-5 Year Corporate Bond ETF
|
|
|
Futures
Contracts1
|
($77
) |
($77
) |
Schwab
5-10 Year Corporate Bond ETF |
|
|
Futures
Contracts1
|
17,408 |
17,408 |
|
|
1 |
Statement
of Operations location: Net change in unrealized appreciation
(depreciation) on futures
contracts. |
|
NOTIONAL
AMOUNTS
|
NUMBER
OF CONTRACTS
|
Schwab
U.S. TIPS ETF |
$— |
— |
Schwab
Short-Term U.S. Treasury ETF |
— |
— |
Schwab
Intermediate-Term U.S. Treasury ETF |
— |
— |
Schwab
Long-Term U.S. Treasury ETF |
— |
— |
Schwab
U.S. Aggregate Bond ETF |
— |
— |
Schwab
1-5 Year Corporate Bond ETF
|
593,353 |
6 |
Schwab
5-10 Year Corporate Bond ETF |
19,497,934 |
176 |
|
PURCHASES
OF LONG-TERM
U.S.
GOVERNMENT
SECURITIES*
|
PURCHASES
OF OTHER
LONG-TERM
SECURITIES
|
TOTAL
PURCHASES OF
LONG-TERM
SECURITIES
|
Schwab
U.S. TIPS ETF |
$3,179,831,589 |
$— |
$3,179,831,589 |
Schwab
Short-Term U.S. Treasury ETF |
10,251,245,583 |
— |
10,251,245,583 |
Schwab
Intermediate-Term U.S. Treasury ETF |
4,131,746,110 |
— |
4,131,746,110 |
Schwab
Long-Term U.S. Treasury ETF |
166,362,556 |
— |
166,362,556 |
Schwab
U.S. Aggregate Bond ETF |
4,483,315,820 |
256,320,089 |
4,739,635,909 |
Schwab
1-5 Year Corporate Bond ETF
|
— |
109,251,950 |
109,251,950 |
Schwab
5-10 Year Corporate Bond ETF |
— |
966,796,471 |
966,796,471 |
|
SALES/MATURITIES
OF
LONG-TERM
U.S. GOVERNMENT
SECURITIES*
|
SALES/MATURITIES
OF
OTHER
LONG-TERM SECURITIES
|
TOTAL
SALES/MATURITIES OF
LONG-TERM
SECURITIES
|
Schwab
U.S. TIPS ETF |
$3,523,654,821 |
$— |
$3,523,654,821 |
Schwab
Short-Term U.S. Treasury ETF |
10,473,394,560 |
— |
10,473,394,560 |
Schwab
Intermediate-Term U.S. Treasury ETF |
4,147,347,329 |
— |
4,147,347,329 |
Schwab
Long-Term U.S. Treasury ETF |
120,421,909 |
— |
120,421,909 |
Schwab
U.S. Aggregate Bond ETF |
4,192,355,906 |
255,967,677 |
4,448,323,583 |
Schwab
1-5 Year Corporate Bond ETF
|
— |
102,962,813 |
102,962,813 |
Schwab
5-10 Year Corporate Bond ETF |
— |
994,543,600 |
994,543,600 |
|
IN-KIND
PURCHASES
OF
SECURITIES
|
IN-KIND
SALES
OF
SECURITIES
|
Schwab
U.S. TIPS ETF |
$3,899,317,458 |
$6,381,483,168 |
Schwab
Short-Term U.S. Treasury ETF |
5,830,923,297 |
4,199,738,780 |
Schwab
Intermediate-Term U.S. Treasury ETF |
4,516,914,228 |
4,327,071,221 |
Schwab
Long-Term U.S. Treasury ETF |
457,529,091 |
85,815,437 |
Schwab
U.S. Aggregate Bond ETF |
545,434,760 |
239,092,203 |
Schwab
1-5 Year Corporate Bond ETF
|
67,949,329 |
65,577,292 |
Schwab
5-10 Year Corporate Bond ETF |
5,573,361,792 |
326,568,595 |
|
TAX
COST |
GROSS
UNREALIZED
APPRECIATION |
GROSS
UNREALIZED
DEPRECIATION |
NET
UNREALIZED
APPRECIATION
(DEPRECIATION) |
Schwab
U.S. TIPS ETF |
$12,659,354,756 |
$14,922,326 |
($1,289,851,108
) |
($1,274,928,782
) |
Schwab
Short-Term U.S. Treasury ETF |
11,820,054,713 |
54,493,494 |
(43,715,018
) |
10,778,476 |
Schwab
Intermediate-Term U.S. Treasury ETF |
7,947,875,176 |
42,090,348 |
(164,437,336
) |
(122,346,988
) |
Schwab
Long-Term U.S. Treasury ETF |
620,648,733 |
13,907,295 |
(19,172,499
) |
(5,265,204
) |
Schwab
U.S. Aggregate Bond ETF |
8,287,486,150 |
33,547,496 |
(544,395,095
) |
(510,847,599
) |
Schwab
1-5 Year Corporate Bond ETF
|
394,512,326 |
2,992,167 |
(11,243,891
) |
(8,251,724
) |
Schwab
5-10 Year Corporate Bond ETF |
5,650,847,798 |
109,544,537 |
(5,273,568
) |
104,270,969 |
|
|
|
|
|
|
|
|
|
|
|
UNDISTRIBUTED
ORDINARY
INCOME
|
NET
UNREALIZED
APPRECIATION
(DEPRECIATION)
ON
INVESTMENTS
|
CAPITAL
LOSS
CARRYFORWARDS
AND
OTHER LOSSES
|
TOTAL
|
Schwab
U.S. TIPS ETF |
$3,096,191 |
($1,274,928,782
) |
($849,125,626
) |
($2,120,958,217
) |
Schwab
Short-Term U.S. Treasury ETF |
— |
10,778,476 |
(497,118,412
) |
(486,339,936
) |
Schwab
Intermediate-Term U.S. Treasury ETF |
160,861 |
(122,346,988
) |
(590,220,469
) |
(712,406,596
) |
Schwab
Long-Term U.S. Treasury ETF |
53,807 |
(5,265,204
) |
(19,080,638
) |
(24,292,035
) |
Schwab
U.S. Aggregate Bond ETF |
684,052 |
(510,847,599
) |
(451,180,968
) |
(961,344,515
) |
Schwab
1-5 Year Corporate Bond ETF
|
82,989 |
(8,251,724
) |
(6,711,849
) |
(14,880,584
) |
Schwab
5-10 Year Corporate Bond ETF |
342,095 |
104,270,969 |
(38,895,968
) |
65,717,096 |
|
|
Schwab
U.S. TIPS ETF |
$849,125,626 |
Schwab
Short-Term U.S. Treasury ETF |
497,118,412 |
Schwab
Intermediate-Term U.S. Treasury ETF |
590,220,469 |
Schwab
Long-Term U.S. Treasury ETF |
19,080,638 |
Schwab
U.S. Aggregate Bond ETF |
451,180,968 |
Schwab
1-5 Year Corporate Bond ETF
|
6,711,849 |
Schwab
5-10 Year Corporate Bond ETF |
38,895,968 |
|
CURRENT
FISCAL YEAR END DISTRIBUTIONS |
PRIOR
FISCAL YEAR END DISTRIBUTIONS |
|
ORDINARY
INCOME |
ORDINARY
INCOME
|
Schwab
U.S. TIPS ETF |
$357,550,940 |
$1,069,955,140 |
Schwab
Short-Term U.S. Treasury ETF |
486,218,420 |
125,786,895 |
Schwab
Intermediate-Term U.S. Treasury
ETF |
238,302,970 |
140,863,160 |
Schwab
Long-Term U.S. Treasury ETF |
13,873,040 |
2,856,565 |
Schwab
U.S. Aggregate Bond ETF |
236,337,780 |
185,912,810 |
Schwab
1-5 Year Corporate Bond ETF
|
11,400,855 |
6,101,610 |
Schwab
5-10 Year Corporate Bond ETF |
200,670,060 |
11,666,820 |
|
|
Schwab
U.S. TIPS ETF |
100.00
% |
Schwab
Short-Term U.S. Treasury ETF |
99.96
% |
Schwab
Intermediate-Term U.S. Treasury ETF |
100.00
% |
Schwab
Long-Term U.S. Treasury ETF |
100.00
% |
Schwab
U.S. Aggregate Bond ETF |
92.33
% |
Schwab
1-5 Year Corporate Bond ETF
|
78.90
% |
Schwab
5-10 Year Corporate Bond ETF |
84.24
% |
|
|
Schwab
U.S. TIPS ETF |
100.00
% |
Schwab
Short-Term U.S. Treasury ETF |
99.96
% |
Schwab
Intermediate-Term U.S. Treasury ETF |
100.00
% |
Schwab
Long-Term U.S. Treasury ETF |
100.00
% |
Schwab
U.S. Aggregate Bond ETF |
99.47
% |
Schwab
1-5 Year Corporate Bond ETF
|
100.00
% |
Schwab
5-10 Year Corporate Bond ETF |
99.95
% |
Independent
Trustees | |||
Name,
Year of Birth, and
Position(s)
with the trust
(Terms
of office, and
length
of Time Served1) |
Principal
Occupations
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
the
Trustee |
Other
Directorships |
Michael
J. Beer
1961
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2022) |
Retired.
Director, President and Chief Executive Officer
(Dec.
2016 – Sept. 2019), Principal Funds (investment
management). |
106 |
Director
(2016 – 2019),
Principal
Funds, Inc. |
Robert
W. Burns
1959
Trustee
(Trustee
of Schwab Strategic Trust
since
2009; The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios and
Laudus
Trust since 2016) |
Retired/Private
Investor. |
106 |
None
|
Nancy
F. Heller
1956
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2018) |
Retired. |
106 |
None |
David
L. Mahoney
1954
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios and
Laudus
Trust since 2011; Schwab
Strategic
Trust since 2016) |
Private
Investor. |
106 |
Director
(2004
– present),
Corcept
Therapeutics
Incorporated
Director
(2009 – 2021),
Adamas
Pharmaceuticals,
Inc.
Director
(2003 – 2019),
Symantec
Corporation |
Jane
P. Moncreiff
1961
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2019) |
Consultant
(2018 – present), Fulham Advisers LLC (management
consulting);
Chief Investment Officer (2009 – 2017), CareGroup
Healthcare
System, Inc. (healthcare). |
106 |
None |
Independent
Trustees (continued) | |||
Name,
Year of Birth, and
Position(s)
with the trust
(Terms
of office, and
length
of Time Served1) |
Principal
Occupations
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
the
Trustee |
Other
Directorships |
Kimberly
S. Patmore
1956
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2016) |
Consultant
(2008 – present), Patmore Management Consulting
(management
consulting). |
106 |
None |
J.
Derek Penn
1957
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2021) |
Head
of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial
services). |
106 |
None |
Interested
Trustees | |||
Name,
Year of Birth, and
Position(s)
with the trust
(Terms
of office, and
length
of Time Served1) |
Principal
Occupations
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
the
Trustee |
Other
Directorships |
Walter
W. Bettinger II2
1960
Chairman
and Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust
and
Schwab Annuity Portfolios since
2008;
Schwab Strategic Trust since
2009;
Laudus Trust since 2010) |
Co-Chairman
of the Board (July 2022 – present), Director and Chief
Executive
Officer (Oct. 2008 – present) and President
(Feb.
2007 – Oct. 2021), The Charles Schwab Corporation; President and
Chief
Executive Officer (Oct. 2008 – Oct. 2021) and Director
(May
2008 – Oct. 2021), Charles Schwab & Co., Inc.; Co-Chairman of the
Board
(July 2022 – present) and Director (Apr. 2006 – present), Charles
Schwab
Bank, SSB; Co-Chairman of the Board (July 2022 – present) and
Director
(Nov. 2017 – present), Charles Schwab Premier Bank, SSB;
Co-Chairman
of the Board (July 2022 – present) and Director
(July
2019 – present), Charles Schwab Trust Bank; Director
(May
2008 – present), Chief Executive Officer (Aug. 2017 – present) and
President
(Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Manager
(Sept.
2023 – present), TD Ameritrade Holding LLC; Director
(Oct.
2020 – Aug. 2023), TD Ameritrade Holding Corporation; Director
(July
2016 – Oct. 2021), Charles Schwab Investment Management,
Inc. |
106 |
Director
(2008
– present), The
Charles
Schwab
Corporation
|
Richard
A. Wurster2
1973
Trustee
(Trustee
of The Charles Schwab
Family
of Funds, Schwab
Investments,
Schwab Capital Trust,
Schwab
Annuity Portfolios, Schwab
Strategic
Trust and Laudus Trust
since
2022) |
President
(Oct. 2021 – present) and Executive Vice President – Schwab
Asset
Management Solutions (Apr. 2019 – Oct. 2021), The Charles
Schwab
Corporation; President, Director (Oct. 2021 – present), Executive
Vice
President – Schwab Asset Management Solutions
(July
2019 – Oct. 2021) and Senior Vice President – Advisory
(May
2016 – July 2019), Charles Schwab & Co., Inc.; President
(Nov.
2021 – present), Schwab Holdings, Inc.; Director
(Oct.
2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022),
Charles
Schwab Investment Management, Inc.; Director, Chief Executive
Officer
and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment
Advisory,
Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and
President
(Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive
Officer
(July 2016 – Apr. 2018), Windhaven Investment Management,
Inc. |
106 |
None |
Officers
of the Trust | |
Name,
Year of Birth, and Position(s) with the trust
(Terms
of office, and length of Time Served3) |
Principal
Occupations During the Past Five Years |
Omar
Aguilar
1970
Chief
Executive Officer, President and Chief Investment
Officer
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios,
Schwab Strategic Trust and Laudus Trust since
2011) |
Chief
Executive Officer (Jan. 2022 – present), President (Oct. 2023 – present),
(Chief
Investment
Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Jan.
2022),
Charles
Schwab Investment Management, Inc.; Director, Chief Executive Officer and
President
(Oct. 2022 – present), Charles Schwab Investment Advisory, Inc.; Chief
Executive
Officer
(Sept. 2023 – present), President (Oct. 2023 – present), Chief Investment
Officer
(June
2011 – present) and Vice President (June 2011 – Sept. 2023), Schwab Funds,
Laudus
Trust
and Schwab ETFs. |
Mark
Fischer
1970
Chief
Operating Officer
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios,
Schwab Strategic Trust and Laudus Trust since
2013) |
Chief
Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial
Officer
(Jan.
2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief
Financial
Officer
(Mar. 2020 – present), Chief Operating Officer (Oct. 2023 – present),
Managing
Director
(Mar. 2023 – present) and Vice President (Oct. 2013 – Mar. 2023), Charles
Schwab
Investment
Management, Inc. |
Dana
Smith
1965
Treasurer
and Chief Financial Officer
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios,
Schwab Strategic Trust and Laudus Trust since
2023) |
Treasurer
and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer
(Dec.
2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing
Director
(Mar.
2023 – present), Vice President (Mar. 2022 – Mar. 2023) and Director
(Oct.
2015 – Mar. 2022), Charles Schwab Investment Management, Inc.; Managing
Director
(May
2022 – present) and Vice President (Apr. 2022 – May 2022), Charles Schwab
& Co., Inc. |
Patrick
Cassidy
1964
Vice
President and Chief Investment Officer
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios,
Schwab Strategic Trust and Laudus Trust since
2018) |
Chief
Investment Officer (Oct. 2023 – present) and Vice President (Feb. 2018 –
present),
Schwab
Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023 –
present),
Chief
Investment Officer (Oct. 2023 – present), and Senior Vice President
(Oct.
2012 – Mar. 2023), Charles Schwab Investment Management,
Inc. |
William
P. McMahon, Jr.
1972
Vice
President and Chief Investment Officer
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios,
Schwab Strategic Trust and Laudus Trust since
2021) |
Managing
Director (Mar. 2023 – present), Senior Vice President (Jan. 2020 – Mar.
2023) and
Chief
Investment Officer (Jan. 2020 – present) Charles Schwab Investment
Management,
Inc.; Vice President and Chief Investment Officer (June 2021 – present),
Schwab
Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief
Investment
Officer
– ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab
Investment
Advisory,
Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr.
2018),
ThomasPartners,
Inc. |
Catherine
MacGregor
1964
Chief
Legal Officer and Secretary, Schwab Funds and
Schwab
ETFs
Chief
Legal Officer, Vice President and Clerk, Laudus Trust
(Officer
of The Charles Schwab Family of Funds, Schwab
Investments,
Schwab Capital Trust, Schwab Annuity
Portfolios
and Laudus Trust since 2005; Schwab Strategic
Trust
since 2009) |
Chief
Legal Officer (Mar. 2022 – present), Managing Director (Mar. 2023 –
present) and Vice
President
(Sept. 2005 – Mar. 2023), Charles Schwab Investment Management, Inc.;
Managing
Director (May 2022 – present) and Vice President (Aug. 2005 – May 2022),
Charles
Schwab
& Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal
Officer and Clerk
(Mar.
2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct.
2021 – present),
Vice
President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 –
Oct. 2021),
Schwab
Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice
President and
Assistant
Secretary (Oct. 2009 – Oct. 2021), Schwab
ETFs. |