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 |
2 | |
3 | |
4 | |
6 | |
| |
7 | |
9 | |
11 | |
13 | |
15 | |
17 | |
19 | |
21 | |
| |
22 | |
28 | |
34 | |
40 | |
46 | |
120 | |
149 | |
177 | |
189 | |
190 | |
191 | |
192 | |
196 |
Total
Returns for the 12 Months Ended December 31, 2022 | |
Schwab
U.S. TIPS ETF
(Ticker
Symbol: SCHP) |
|
Market
Price Return1 |
-12.02% |
NAV
Return1 |
-11.96% |
Bloomberg
US Treasury Inflation-Linked Bond Index (Series-L)SM |
-11.85% |
ETF
Category: Morningstar Inflation-Protected Bond2
|
-8.98% |
Performance
Details |
pages
7-8 |
|
|
Schwab
Short-Term U.S. Treasury ETF
(Ticker
Symbol: SCHO) |
|
Market
Price Return1 |
-3.87% |
NAV
Return1 |
-3.85% |
Bloomberg
US Treasury 1-3 Year Index |
-3.82% |
ETF
Category: Morningstar Short Government2
|
-5.15% |
Performance
Details |
pages
9-10 |
|
|
Schwab
Intermediate-Term U.S. Treasury ETF
(Ticker
Symbol: SCHR) |
|
Market
Price Return1 |
-10.58% |
NAV
Return1 |
-10.63% |
Bloomberg
US Treasury 3-10 Year Index |
-10.50% |
ETF
Category: Morningstar Intermediate Government2
|
-11.27% |
Performance
Details |
pages
11-12 |
|
|
Schwab
Long-Term U.S. Treasury ETF
(Ticker
Symbol: SCHQ) |
|
Market
Price Return1 |
-29.45% |
NAV
Return1 |
-29.42% |
Bloomberg
US Long Treasury Index |
-29.26% |
ETF
Category: Morningstar Long Government2
|
-29.97% |
Performance
Details |
pages
13-14 |
Total
Returns for the 12 Months Ended December 31, 2022 | |
Schwab
U.S. Aggregate Bond ETF
(Ticker
Symbol: SCHZ) |
|
Market
Price Return1 |
-13.17% |
NAV
Return1 |
-13.09% |
Bloomberg
US Aggregate Bond Index |
-13.01% |
ETF
Category: Morningstar Intermediate Core Bond2
|
-13.32% |
Performance
Details |
pages
15-16 |
|
|
Schwab
1-5 Year Corporate Bond ETF
(Ticker
Symbol: SCHJ) |
|
Market
Price Return1 |
-5.73% |
NAV
Return1 |
-5.65% |
Bloomberg
US 1-5 Year Corporate Bond Index |
-5.62% |
ETF
Category: Morningstar Short-Term Bond2
|
-5.22% |
Performance
Details |
pages
17-18 |
|
|
Schwab
5-10 Year Corporate Bond ETF
(Ticker
Symbol: SCHI) |
|
Market
Price Return1 |
-14.06% |
NAV
Return1 |
-14.00% |
Bloomberg
US 5-10 Year Corporate Bond Index |
-13.89% |
ETF
Category: Morningstar Corporate Bond2
|
-15.15% |
Performance
Details |
pages
19-20 |
|
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
|
-12.02% |
2.01% |
1.04% |
NAV
Return2
|
-11.96% |
2.02% |
1.04% |
Bloomberg
US Treasury Inflation-Linked Bond Index (Series-L)SM |
-11.85% |
2.11% |
1.12% |
ETF
Category: Morningstar Inflation-Protected Bond3
|
-8.98% |
1.82% |
0.82% |
Fund
Expense Ratio4:
0.04% |
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
|
-3.87% |
0.69% |
0.59% |
NAV
Return2
|
-3.85% |
0.69% |
0.58% |
Bloomberg
US Treasury 1-3 Year Index |
-3.82% |
0.74% |
0.65% |
ETF
Category: Morningstar Short Government3
|
-5.15% |
0.29% |
0.32% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity4 |
5.6
Yrs |
Weighted
Average Duration4 |
5.2
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
|
-10.58% |
0.21% |
0.67% |
NAV
Return2
|
-10.63% |
0.19% |
0.65% |
Bloomberg
US Treasury 3-10 Year Index |
-10.50% |
0.27% |
0.74% |
ETF
Category: Morningstar Intermediate Government3
|
-11.27% |
-0.41% |
0.31% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity4 |
23.2
Yrs |
Weighted
Average Duration4 |
16.1
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
|
-29.45% |
-7.55% |
-8.55% |
NAV
Return2
|
-29.42% |
-7.59% |
-8.52% |
Bloomberg
US Long Treasury Index |
-29.26% |
-7.40% |
-8.34% |
ETF
Category: Morningstar Long Government3
|
-29.97% |
-7.74% |
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
|
-13.17% |
-0.08% |
0.98% |
NAV
Return2
|
-13.09% |
-0.07% |
0.97% |
Bloomberg
US Aggregate Bond Index |
-13.01% |
0.02% |
1.06% |
ETF
Category: Morningstar Intermediate Core Bond3
|
-13.32% |
-0.16% |
0.89% |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity3 |
3.1
Yrs |
Weighted
Average Duration3 |
2.7
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
|
-5.73% |
-0.47% |
-0.28% |
NAV
Return2
|
-5.65% |
-0.42% |
-0.24% |
Bloomberg
US 1-5 Year Corporate Bond Index |
-5.62% |
-0.33% |
-0.13% |
ETF
Category: Morningstar Short-Term Bond3
|
-5.22% |
-0.41% |
N/A |
Fund
Expense Ratio4:
0.03% |
Weighted
Average Maturity3 |
7.4
Yrs |
Weighted
Average Duration3 |
6.2
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
|
-14.06% |
-2.54% |
-2.16% |
NAV
Return2
|
-14.00% |
-2.48% |
-2.10% |
Bloomberg
US 5-10 Year Corporate Bond Index |
-13.89% |
-2.37% |
-1.97% |
ETF
Category: Morningstar Corporate Bond3
|
-15.15% |
-2.62% |
N/A |
Fund
Expense Ratio4:
0.03% |
|
EXPENSE
RATIO
(ANNUALIZED)
1
|
BEGINNING
ACCOUNT
VALUE
AT
7/1/22 |
ENDING
ACCOUNT
VALUE
(NET OF
EXPENSES)
AT
12/31/22 |
EXPENSES
PAID
DURING
PERIOD
7/1/22-12/31/22
2
|
Schwab
U.S. TIPS ETF |
|
|
|
|
Actual
Return |
0.04% |
$1,000.00 |
$966.10 |
$0.20 |
Hypothetical
5% Return |
0.04% |
$1,000.00 |
$1,025.00 |
$0.20 |
Schwab
Short-Term U.S. Treasury ETF |
|
|
|
|
Actual
Return |
0.03% |
$1,000.00 |
$991.20 |
$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 |
$968.30 |
$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 |
$893.30 |
$0.14 |
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 |
$968.50 |
$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 |
$999.10 |
$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 |
$987.00 |
$0.15 |
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. |
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. |
|
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
1/1/18–
12/31/18 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$62.83 |
$62.06 |
$56.57 |
$53.27 |
$55.39 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
3.62 |
2.93 |
0.81 |
1.21 |
1.51 |
|
Net
realized and unrealized gains (losses) |
(10.95) |
0.60 |
5.37 |
3.23 |
(2.23) |
|
Total
from investment operations |
(7.33) |
3.53 |
6.18 |
4.44 |
(0.72) |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(3.73) |
(2.76) |
(0.69) |
(1.14) |
(1.40) |
|
Net
asset value at end of period |
$51.77 |
$62.83 |
$62.06 |
$56.57 |
$53.27 |
|
Total
return |
(11.96%) |
5.80% |
10.94% |
8.36% |
(1.31%) |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.05%2,3
|
0.05% |
0.05% |
0.05% |
0.05% |
|
Net
investment income (loss) |
6.34% |
4.69% |
1.36% |
2.18% |
2.80% |
|
Portfolio
turnover rate4
|
18% |
19% |
23% |
20% |
17% |
|
Net
assets, end of period (x 1,000,000) |
$13,832 |
$21,304 |
$14,090 |
$8,734 |
$5,779 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.04%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
3 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
4 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.7%
OF NET ASSETS
| ||
U.S.
Treasury Inflation Protected Securities | ||
0.63%,
01/15/24
|
523,958,730 |
513,204,425 |
0.50%,
04/15/24
|
294,216,771 |
286,316,992 |
0.13%,
07/15/24
|
475,759,198 |
460,894,435 |
0.13%,
10/15/24
|
424,356,547 |
409,047,545 |
0.25%,
01/15/25
|
435,027,764 |
417,495,797 |
2.38%,
01/15/25
|
296,489,715 |
297,053,994 |
0.13%,
04/15/25
|
347,627,667 |
331,288,437 |
0.38%,
07/15/25
|
477,079,861 |
458,442,212 |
0.13%,
10/15/25
|
422,955,913 |
402,039,432 |
0.63%,
01/15/26
|
401,616,840 |
385,567,066 |
2.00%,
01/15/26
|
191,371,855 |
191,255,328 |
0.13%,
04/15/26
|
326,760,523 |
307,169,792 |
0.13%,
07/15/26
|
400,345,698 |
377,232,740 |
0.13%,
10/15/26
|
452,041,868 |
423,958,269 |
0.38%,
01/15/27
|
372,793,801 |
351,456,389 |
2.38%,
01/15/27
|
184,980,622 |
188,651,803 |
0.13%,
04/15/27
|
461,826,731 |
430,339,200 |
0.38%,
07/15/27
|
411,026,481 |
387,518,233 |
1.63%,
10/15/27
|
460,897,627 |
460,382,850 |
0.50%,
01/15/28
|
419,761,986 |
394,976,846 |
1.75%,
01/15/28
|
173,949,482 |
174,009,164 |
3.63%,
04/15/28
|
178,071,132 |
194,310,435 |
0.75%,
07/15/28
|
365,366,981 |
348,131,195 |
0.88%,
01/15/29
|
313,375,566 |
298,575,716 |
2.50%,
01/15/29
|
160,643,356 |
167,489,157 |
3.88%,
04/15/29
|
206,804,324 |
232,448,742 |
0.25%,
07/15/29
|
370,324,628 |
339,090,894 |
0.13%,
01/15/30
|
418,232,142 |
375,825,452 |
0.13%,
07/15/30
|
463,108,581 |
414,659,597 |
0.13%,
01/15/31
|
479,337,676 |
425,383,571 |
0.13%,
07/15/31
|
489,838,764 |
432,450,136 |
0.13%,
01/15/32
|
534,601,430 |
467,993,941 |
3.38%,
04/15/32
|
74,369,619 |
85,043,578 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.63%,
07/15/32
|
554,835,173 |
508,417,274 |
2.13%,
02/15/40
|
97,351,221 |
103,121,218 |
2.13%,
02/15/41
|
140,353,390 |
148,536,232 |
0.75%,
02/15/42
|
227,542,800 |
190,686,896 |
0.63%,
02/15/43
|
178,714,789 |
144,180,461 |
1.38%,
02/15/44
|
245,795,525 |
227,815,508 |
0.75%,
02/15/45
|
270,535,373 |
218,818,533 |
1.00%,
02/15/46
|
139,309,788 |
118,359,045 |
0.88%,
02/15/47
|
170,735,216 |
139,990,960 |
1.00%,
02/15/48
|
124,097,683 |
104,150,879 |
1.00%,
02/15/49
|
116,228,075 |
97,319,824 |
0.25%,
02/15/50
|
175,706,307 |
118,592,866 |
0.13%,
02/15/51
|
176,872,913 |
114,004,356 |
0.13%,
02/15/52
|
205,050,252 |
132,281,035 |
Total
Treasuries
(Cost
$15,959,580,939) |
13,795,978,450 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.0%
| ||
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 4.12%
(a) |
61,322 |
61,322 |
Total
Short-Term Investments
(Cost
$61,322) |
61,322 | |
Total
Investments in Securities
(Cost
$15,959,642,261) |
13,796,039,772 |
(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
|
$— |
$13,795,978,450 |
$— |
$13,795,978,450 |
Short-Term
Investments1
|
61,322 |
— |
— |
61,322 |
Total |
$61,322 |
$13,795,978,450 |
$— |
$13,796,039,772 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$15,959,642,261) |
|
$13,796,039,772 |
Receivables: |
|
|
Investments
sold |
|
215,868,986 |
Fund
shares sold |
|
150,127,845 |
Interest |
|
36,686,010 |
Dividends |
+ |
75,844 |
Total
assets |
|
14,198,798,457 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
366,009,727 |
Management
fees |
+ |
476,967 |
Total
liabilities |
|
366,486,694 |
Net
assets |
|
$13,832,311,763 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$16,373,347,727 |
Total
distributable loss |
+ |
(2,541,035,964) |
Net
assets |
|
$13,832,311,763 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$13,832,311,763 |
|
267,200,000 |
|
$51.77 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$1,078,622,103 |
Dividends
received from securities - unaffiliated
|
+ |
252,472 |
Total
investment income
|
|
1,078,874,575 |
| ||
Expenses | ||
Management
fees |
|
7,706,240 |
Proxy
fees1
|
+ |
532,348 |
Total
expenses |
– |
8,238,588 |
Net
investment income |
|
1,070,635,987 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(384,617,378) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(2,021,615) |
Net
realized losses |
|
(386,638,993) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
(2,910,566,700) |
Net
realized and unrealized losses |
|
(3,297,205,693) |
Decrease
in net assets resulting from operations |
|
($2,226,569,706) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$1,070,635,987 |
$856,417,676 |
Net
realized gains (losses) |
|
(386,638,993) |
439,588,857 |
Net
change in unrealized appreciation (depreciation) |
+ |
(2,910,566,700) |
(200,941,689) |
Increase
(decrease) in net assets resulting from operations |
|
($2,226,569,706) |
$1,095,064,844 |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($1,069,955,140) |
($852,013,180) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
120,550,000 |
$7,032,380,314 |
203,700,000 |
$12,711,611,994 |
Shares
redeemed |
+ |
(192,400,000) |
(11,207,272,315) |
(91,700,000) |
(5,740,942,233) |
Net
transactions in fund shares
|
|
(71,850,000) |
($4,174,892,001) |
112,000,000 |
$6,970,669,761 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
339,050,000 |
$21,303,728,610 |
227,050,000 |
$14,090,007,185 |
Total
increase (decrease) |
+ |
(71,850,000) |
(7,471,416,847) |
112,000,000 |
7,213,721,425 |
End
of period |
|
267,200,000 |
$13,832,311,763 |
339,050,000 |
$21,303,728,610 |
|
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
1/1/18–
12/31/18 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$50.84 |
$51.39 |
$50.48 |
$49.88 |
$50.03 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
0.68 |
0.21 |
0.65 |
1.14 |
0.94 |
|
Net
realized and unrealized gains (losses) |
(2.64) |
(0.55) |
0.91 |
0.60 |
(0.20)2
|
|
Total
from investment operations |
(1.96) |
(0.34) |
1.56 |
1.74 |
0.74 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(0.64) |
(0.21) |
(0.65) |
(1.14) |
(0.89) |
|
Net
asset value at end of period |
$48.24 |
$50.84 |
$51.39 |
$50.48 |
$49.88 |
|
Total
return |
(3.85%) |
(0.66%) |
3.11% |
3.53% |
1.50% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%3,4
|
0.05%5
|
0.05% |
0.06%6
|
0.06% |
|
Net
investment income (loss) |
1.39% |
0.41% |
1.26% |
2.27% |
1.89% |
|
Portfolio
turnover rate7
|
106% |
73% |
74% |
77% |
65% |
|
Net
assets, end of period (x 1,000,000) |
$10,256 |
$8,956 |
$7,508 |
$5,263 |
$4,255 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
The
per share amount does not accord with the change in aggregate gains and
losses in securities during the period because of the timing of fund
transactions in relation to
fluctuating
market values. |
3 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
4 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
5 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for period ended 12/31/21 is a blended
ratio. |
6 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended 12/31/19 is a blended
ratio. |
7 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.5%
OF NET ASSETS
| ||
Bonds | ||
7.50%,
11/15/24
|
10,318,000 |
10,880,867 |
7.63%,
02/15/25
|
9,738,000 |
10,361,915 |
6.88%,
08/15/25
|
10,494,000 |
11,149,550 |
Notes | ||
0.13%,
01/15/24
|
140,138,600 |
133,632,175 |
0.88%,
01/31/24
|
159,272,000 |
152,854,055 |
2.25%,
01/31/24
|
75,160,000 |
73,210,395 |
2.50%,
01/31/24
|
91,215,000 |
89,089,453 |
0.13%,
02/15/24
|
175,548,000 |
166,845,524 |
2.75%,
02/15/24
|
142,581,000 |
139,514,696 |
1.50%,
02/29/24
|
158,235,000 |
152,560,424 |
2.13%,
02/29/24
|
69,374,000 |
67,363,097 |
2.38%,
02/29/24
|
67,311,000 |
65,568,937 |
0.25%,
03/15/24
|
166,449,000 |
157,898,498 |
2.13%,
03/31/24
|
127,362,000 |
123,423,954 |
2.25%,
03/31/24
|
150,630,000 |
146,163,745 |
0.38%,
04/15/24
|
116,167,000 |
109,949,905 |
2.00%,
04/30/24
|
73,670,000 |
71,124,480 |
2.25%,
04/30/24
|
107,528,000 |
104,144,416 |
2.50%,
04/30/24
|
147,584,000 |
143,395,433 |
0.25%,
05/15/24
|
149,170,000 |
140,434,918 |
2.50%,
05/15/24
|
170,529,000 |
165,529,346 |
2.00%,
05/31/24
|
122,991,000 |
118,520,277 |
2.50%,
05/31/24
|
136,531,000 |
132,472,125 |
0.25%,
06/15/24
|
151,727,000 |
142,439,153 |
1.75%,
06/30/24
|
98,357,000 |
94,284,155 |
2.00%,
06/30/24
|
70,522,000 |
67,838,687 |
3.00%,
06/30/24
|
139,327,000 |
136,006,838 |
0.38%,
07/15/24
|
125,581,000 |
117,687,619 |
1.75%,
07/31/24
|
101,092,000 |
96,718,325 |
2.13%,
07/31/24
|
66,600,000 |
64,081,528 |
3.00%,
07/31/24
|
135,182,000 |
131,860,281 |
0.38%,
08/15/24
|
151,075,000 |
141,189,694 |
2.38%,
08/15/24
|
180,468,000 |
174,218,177 |
1.25%,
08/31/24
|
90,310,000 |
85,522,595 |
1.88%,
08/31/24
|
75,211,000 |
71,957,049 |
3.25%,
08/31/24
|
131,563,000 |
128,839,001 |
0.38%,
09/15/24
|
172,851,000 |
161,135,678 |
1.50%,
09/30/24
|
93,996,000 |
89,294,094 |
2.13%,
09/30/24
|
65,000,000 |
62,392,220 |
4.25%,
09/30/24
|
125,140,000 |
124,511,710 |
0.63%,
10/15/24
|
168,329,000 |
157,248,946 |
1.50%,
10/31/24
|
97,651,000 |
92,554,555 |
2.25%,
10/31/24
|
52,669,000 |
50,603,259 |
4.38%,
10/31/24
|
126,456,000 |
126,105,148 |
0.75%,
11/15/24
|
160,359,000 |
149,731,528 |
2.25%,
11/15/24
|
174,599,000 |
167,737,382 |
1.50%,
11/30/24
|
103,543,000 |
97,985,340 |
2.13%,
11/30/24
|
75,822,000 |
72,603,811 |
4.50%,
11/30/24
|
126,360,000 |
126,384,564 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.00%,
12/15/24
|
161,621,000 |
151,295,503 |
1.75%,
12/31/24
|
93,979,000 |
89,240,175 |
2.25%,
12/31/24
|
77,182,000 |
73,997,092 |
4.25%,
12/31/24
|
125,000,000 |
124,592,242 |
1.13%,
01/15/25
|
155,051,000 |
145,150,001 |
1.38%,
01/31/25
|
88,293,000 |
83,007,260 |
2.50%,
01/31/25
|
79,282,000 |
76,297,635 |
1.50%,
02/15/25
|
148,498,000 |
139,811,951 |
2.00%,
02/15/25
|
159,165,000 |
151,514,846 |
1.13%,
02/28/25
|
97,253,000 |
90,831,890 |
2.75%,
02/28/25
|
79,252,000 |
76,616,451 |
1.75%,
03/15/25
|
144,210,000 |
136,317,271 |
0.50%,
03/31/25
|
115,261,000 |
105,932,674 |
2.63%,
03/31/25
|
47,559,000 |
45,846,177 |
2.63%,
04/15/25
|
138,238,000 |
133,060,489 |
0.38%,
04/30/25
|
125,998,000 |
115,078,824 |
2.88%,
04/30/25
|
73,299,000 |
70,969,345 |
2.13%,
05/15/25
|
153,348,000 |
145,815,715 |
2.75%,
05/15/25
|
135,446,000 |
130,644,710 |
0.25%,
05/31/25
|
119,172,000 |
108,208,128 |
2.88%,
05/31/25
|
67,464,000 |
65,246,917 |
2.88%,
06/15/25
|
131,537,000 |
127,138,074 |
0.25%,
06/30/25
|
130,388,000 |
118,164,738 |
2.75%,
06/30/25
|
52,828,000 |
50,908,981 |
3.00%,
07/15/25
|
128,700,000 |
124,703,595 |
0.25%,
07/31/25
|
137,284,000 |
123,917,151 |
2.88%,
07/31/25
|
63,930,000 |
61,787,993 |
2.00%,
08/15/25
|
165,483,000 |
156,319,859 |
3.13%,
08/15/25
|
125,334,000 |
121,722,864 |
0.25%,
08/31/25
|
132,370,000 |
119,121,179 |
2.75%,
08/31/25
|
66,205,000 |
63,677,280 |
3.50%,
09/15/25
|
123,902,000 |
121,480,707 |
0.25%,
09/30/25
|
153,806,000 |
138,161,269 |
3.00%,
09/30/25
|
66,563,000 |
64,365,695 |
4.25%,
10/15/25
|
118,702,000 |
118,660,526 |
0.25%,
10/31/25
|
161,845,000 |
144,827,872 |
3.00%,
10/31/25
|
58,664,000 |
56,696,163 |
2.25%,
11/15/25
|
172,592,000 |
163,459,864 |
4.50%,
11/15/25
|
120,136,000 |
120,926,351 |
0.38%,
11/30/25
|
154,032,000 |
137,903,263 |
2.88%,
11/30/25
|
71,792,000 |
69,129,543 |
4.00%,
12/15/25
|
120,000,000 |
119,254,687 |
0.38%,
12/31/25
|
164,000,000 |
146,642,486 |
2.63%,
12/31/25
|
65,000,000 |
62,183,479 |
Total
Treasuries
(Cost
$10,437,408,603) |
10,207,648,437 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.1%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.1%
| ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
4.12%
(a) |
5,631,829 |
5,631,829 |
Total
Short-Term Investments
(Cost
$5,631,829) |
5,631,829 | |
Total
Investments in Securities
(Cost
$10,443,040,432) |
10,213,280,266 |
(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
|
$— |
$10,207,648,437 |
$— |
$10,207,648,437 |
Short-Term
Investments1
|
5,631,829 |
— |
— |
5,631,829 |
Total |
$5,631,829 |
$10,207,648,437 |
$— |
$10,213,280,266 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$10,443,040,432) |
|
$10,213,280,266 |
Receivables: |
|
|
Investments
sold |
|
468,892,353 |
Interest |
|
52,484,040 |
Fund
shares sold |
|
36,187,663 |
Dividends |
+ |
23,011 |
Total
assets |
|
10,770,867,333 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
512,250,108 |
Fund
shares redeemed |
|
2,412,108 |
Management
fees |
+ |
256,181 |
Total
liabilities |
|
514,918,397 |
Net
assets |
|
$10,255,948,936 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$10,767,367,195 |
Total
distributable loss |
+ |
(511,418,259) |
Net
assets |
|
$10,255,948,936 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$10,255,948,936 |
|
212,600,000 |
|
$48.24 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$129,864,092 |
Dividends
received from securities - unaffiliated
|
+ |
81,738 |
Total
investment income
|
|
129,945,830 |
| ||
Expenses | ||
Management
fees |
|
3,146,855 |
Proxy
fees1
|
+ |
221,793 |
Total
expenses |
– |
3,368,648 |
Net
investment income |
|
126,577,182 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(275,641,999) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(19,945,091) |
Net
realized losses |
|
(295,587,090) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
(170,555,069) |
Net
realized and unrealized losses |
|
(466,142,159) |
Decrease
in net assets resulting from operations |
|
($339,564,977) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$126,577,182 |
$34,884,979 |
Net
realized gains (losses) |
|
(295,587,090) |
32,936,548 |
Net
change in unrealized appreciation (depreciation) |
+ |
(170,555,069) |
(127,210,855) |
Decrease
in net assets from operations |
|
($339,564,977) |
($59,389,328) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($125,786,895) |
($34,862,540) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
102,900,000 |
$5,050,820,539 |
137,050,000 |
$7,021,323,331 |
Shares
redeemed |
+ |
(66,450,000) |
(3,285,327,283) |
(107,000,000) |
(5,479,187,668) |
Net
transactions in fund shares
|
|
36,450,000 |
$1,765,493,256 |
30,050,000 |
$1,542,135,663 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
176,150,000 |
$8,955,807,552 |
146,100,000 |
$7,507,923,757 |
Total
increase |
+ |
36,450,000 |
1,300,141,384 |
30,050,000 |
1,447,883,795 |
End
of period |
|
212,600,000 |
$10,255,948,936 |
176,150,000 |
$8,955,807,552 |
|
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
1/1/18–
12/31/18 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$56.16 |
$58.21 |
$54.97 |
$52.89 |
$53.35 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.12 |
0.55 |
0.94 |
1.28 |
1.21 |
|
Net
realized and unrealized gains (losses) |
(7.06) |
(2.04) |
3.24 |
2.07 |
(0.55)2
|
|
Total
from investment operations |
(5.94) |
(1.49) |
4.18 |
3.35 |
0.66 |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.00) |
(0.56) |
(0.94) |
(1.27) |
(1.12) |
|
Net
asset value at end of period |
$49.22 |
$56.16 |
$58.21 |
$54.97 |
$52.89 |
|
Total
return |
(10.63%) |
(2.57%) |
7.62% |
6.38% |
1.28% |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%3,4
|
0.05%5
|
0.05% |
0.06%6
|
0.06% |
|
Net
investment income (loss) |
2.18% |
0.97% |
1.63% |
2.35% |
2.34% |
|
Portfolio
turnover rate7
|
88% |
56% |
51% |
38% |
41% |
|
Net
assets, end of period (x 1,000,000) |
$7,555 |
$3,712 |
$3,953 |
$4,736 |
$3,480 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
The
per share amount does not accord with the change in aggregate gains and
losses in securities during the period because of the timing of fund
transactions in relation to
fluctuating
market values. |
3 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
4 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
5 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for period ended 12/31/21 is a blended
ratio. |
6 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended 12/31/19 is a blended
ratio. |
7 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.5%
OF NET ASSETS
| ||
Bonds | ||
6.00%,
02/15/26
|
10,303,000 |
10,837,102 |
6.75%,
08/15/26
|
6,324,000 |
6,867,203 |
6.50%,
11/15/26
|
6,623,000 |
7,176,478 |
6.63%,
02/15/27
|
3,562,000 |
3,894,918 |
6.38%,
08/15/27
|
4,716,000 |
5,165,200 |
6.13%,
11/15/27
|
12,640,000 |
13,797,279 |
5.50%,
08/15/28
|
7,074,000 |
7,575,643 |
5.25%,
11/15/28
|
12,589,000 |
13,353,974 |
5.25%,
02/15/29
|
7,240,000 |
7,695,820 |
6.13%,
08/15/29
|
6,564,000 |
7,347,444 |
6.25%,
05/15/30
|
10,334,000 |
11,803,493 |
5.38%,
02/15/31
|
12,710,000 |
13,965,376 |
2.75%,
08/15/32
|
158,033,000 |
143,870,146 |
Notes | ||
1.63%,
02/15/26
|
87,344,000 |
80,857,249 |
0.50%,
02/28/26
|
121,984,000 |
108,769,412 |
2.50%,
02/28/26
|
45,313,000 |
43,061,320 |
0.75%,
03/31/26
|
96,386,000 |
86,460,767 |
2.25%,
03/31/26
|
91,986,000 |
86,736,341 |
0.75%,
04/30/26
|
93,866,000 |
83,966,000 |
2.38%,
04/30/26
|
33,955,000 |
32,090,307 |
1.63%,
05/15/26
|
84,627,000 |
77,936,576 |
0.75%,
05/31/26
|
98,263,000 |
87,688,555 |
2.13%,
05/31/26
|
45,893,000 |
42,955,187 |
0.88%,
06/30/26
|
85,687,000 |
76,650,423 |
1.88%,
06/30/26
|
41,448,000 |
38,464,610 |
0.63%,
07/31/26
|
90,166,000 |
79,699,269 |
1.88%,
07/31/26
|
52,459,000 |
48,549,976 |
1.50%,
08/15/26
|
88,844,000 |
81,054,247 |
0.75%,
08/31/26
|
100,927,000 |
89,400,783 |
1.38%,
08/31/26
|
39,137,000 |
35,500,707 |
0.88%,
09/30/26
|
93,681,000 |
83,235,259 |
1.63%,
09/30/26
|
29,860,000 |
27,335,439 |
1.13%,
10/31/26
|
95,116,000 |
85,101,512 |
1.63%,
10/31/26
|
34,893,000 |
31,862,648 |
2.00%,
11/15/26
|
83,174,000 |
76,932,099 |
1.25%,
11/30/26
|
96,421,000 |
86,544,549 |
1.63%,
11/30/26
|
34,297,000 |
31,287,754 |
1.25%,
12/31/26
|
95,409,000 |
85,480,100 |
1.75%,
12/31/26
|
35,819,000 |
32,805,132 |
1.50%,
01/31/27
|
123,766,000 |
111,795,476 |
2.25%,
02/15/27
|
75,450,000 |
70,236,707 |
1.13%,
02/28/27
|
21,850,000 |
19,437,168 |
1.88%,
02/28/27
|
86,477,000 |
79,228,299 |
0.63%,
03/31/27
|
36,501,000 |
31,689,007 |
2.50%,
03/31/27
|
81,523,000 |
76,559,497 |
0.50%,
04/30/27
|
52,320,000 |
45,073,256 |
2.75%,
04/30/27
|
77,194,000 |
73,203,178 |
2.38%,
05/15/27
|
89,940,000 |
83,884,915 |
0.50%,
05/31/27
|
43,032,000 |
36,918,909 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.63%,
05/31/27
|
77,421,000 |
73,013,515 |
0.50%,
06/30/27
|
50,861,000 |
43,530,602 |
3.25%,
06/30/27
|
76,034,000 |
73,565,427 |
0.38%,
07/31/27
|
66,604,000 |
56,541,574 |
2.75%,
07/31/27
|
69,590,000 |
65,876,177 |
2.25%,
08/15/27
|
70,670,000 |
65,402,279 |
0.50%,
08/31/27
|
54,305,000 |
46,234,479 |
3.13%,
08/31/27
|
72,470,000 |
69,743,831 |
0.38%,
09/30/27
|
81,539,000 |
68,793,712 |
4.13%,
09/30/27
|
71,846,000 |
72,144,269 |
0.50%,
10/31/27
|
67,735,000 |
57,330,172 |
4.13%,
10/31/27
|
68,125,000 |
68,408,182 |
2.25%,
11/15/27
|
69,650,000 |
64,222,238 |
0.63%,
11/30/27
|
82,712,000 |
70,297,599 |
3.88%,
11/30/27
|
67,149,000 |
66,811,852 |
0.63%,
12/31/27
|
82,239,000 |
69,725,506 |
3.88%,
12/31/27
|
70,000,000 |
69,604,180 |
0.75%,
01/31/28
|
100,978,000 |
85,940,831 |
2.75%,
02/15/28
|
92,298,000 |
86,829,630 |
1.13%,
02/29/28
|
103,429,000 |
89,607,131 |
1.25%,
03/31/28
|
92,911,000 |
80,836,184 |
1.25%,
04/30/28
|
101,088,000 |
87,780,927 |
2.88%,
05/15/28
|
107,221,000 |
101,271,586 |
1.25%,
05/31/28
|
94,012,000 |
81,464,002 |
1.25%,
06/30/28
|
93,221,000 |
80,647,706 |
1.00%,
07/31/28
|
101,245,000 |
86,122,004 |
2.88%,
08/15/28
|
103,428,000 |
97,451,258 |
1.13%,
08/31/28
|
100,046,000 |
85,512,768 |
1.25%,
09/30/28
|
94,976,000 |
81,632,233 |
1.38%,
10/31/28
|
90,456,000 |
78,161,012 |
3.13%,
11/15/28
|
94,666,000 |
90,313,437 |
1.50%,
11/30/28
|
89,962,000 |
78,159,705 |
1.38%,
12/31/28
|
91,238,000 |
78,705,320 |
1.75%,
01/31/29
|
86,340,000 |
75,920,644 |
2.63%,
02/15/29
|
96,950,000 |
89,712,605 |
1.88%,
02/28/29
|
81,310,000 |
72,050,653 |
2.38%,
03/31/29
|
72,746,000 |
66,255,580 |
2.88%,
04/30/29
|
71,434,000 |
66,939,216 |
2.38%,
05/15/29
|
81,487,000 |
74,127,901 |
2.75%,
05/31/29
|
69,423,000 |
64,531,442 |
3.25%,
06/30/29
|
63,284,000 |
60,585,709 |
2.63%,
07/31/29
|
58,122,000 |
53,563,608 |
1.63%,
08/15/29
|
76,728,000 |
66,609,411 |
3.13%,
08/31/29
|
56,842,000 |
53,996,541 |
3.88%,
09/30/29
|
59,188,000 |
58,792,263 |
4.00%,
10/31/29
|
54,405,000 |
54,458,061 |
1.75%,
11/15/29
|
51,042,000 |
44,566,460 |
3.88%,
11/30/29
|
55,198,000 |
54,855,176 |
3.88%,
12/31/29
|
57,000,000 |
56,671,214 |
1.50%,
02/15/30
|
94,083,000 |
80,206,557 |
0.63%,
05/15/30
|
129,499,000 |
102,567,274 |
0.63%,
08/15/30
|
164,807,000 |
129,799,224 |
0.88%,
11/15/30
|
174,352,000 |
139,484,250 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.13%,
02/15/31
|
169,835,000 |
138,539,301 |
1.63%,
05/15/31
|
166,588,000 |
140,278,824 |
1.25%,
08/15/31
|
183,012,000 |
148,619,378 |
1.38%,
11/15/31
|
180,299,000 |
146,846,883 |
1.88%,
02/15/32
|
160,690,000 |
136,299,235 |
2.88%,
05/15/32
|
166,870,000 |
153,862,717 |
4.13%,
11/15/32
|
108,847,000 |
111,025,605 |
Total
Treasuries
(Cost
$7,936,211,802) |
7,514,649,769 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.0%
| ||
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class
4.12%
(a) |
53,564 |
53,564 |
Total
Short-Term Investments
(Cost
$53,564) |
53,564 | |
Total
Investments in Securities
(Cost
$7,936,265,366) |
7,514,703,333 |
(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
|
$— |
$7,514,649,769 |
$— |
$7,514,649,769 |
Short-Term
Investments1
|
53,564 |
— |
— |
53,564 |
Total |
$53,564 |
$7,514,649,769 |
$— |
$7,514,703,333 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$7,936,265,366) |
|
$7,514,703,333 |
Receivables: |
|
|
Investments
sold |
|
244,463,921 |
Interest |
|
39,469,132 |
Dividends |
+ |
16,058 |
Total
assets |
|
7,798,652,444 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
243,086,701 |
Management
fees |
|
196,382 |
Due
to custodian
|
+ |
2,519 |
Total
liabilities |
|
243,285,602 |
Net
assets |
|
$7,555,366,842 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$8,349,496,967 |
Total
distributable loss |
+ |
(794,130,125) |
Net
assets |
|
$7,555,366,842 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$7,555,366,842 |
|
153,500,000 |
|
$49.22 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$143,063,152 |
Dividends
received from securities - unaffiliated
|
+ |
126,638 |
Total
investment income
|
|
143,189,790 |
| ||
Expenses | ||
Management
fees |
|
2,183,806 |
Proxy
fees1
|
+ |
121,629 |
Total
expenses |
– |
2,305,435 |
Net
investment income |
|
140,884,355 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(354,736,064) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(18,720,420) |
Net
realized losses |
|
(373,456,484) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
(373,736,025) |
Net
realized and unrealized losses |
|
(747,192,509) |
Decrease
in net assets resulting from operations |
|
($606,308,154) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$140,884,355 |
$36,405,306 |
Net
realized gains (losses) |
|
(373,456,484) |
29,699,817 |
Net
change in unrealized appreciation (depreciation) |
+ |
(373,736,025) |
(174,720,996) |
Decrease
in net assets from operations |
|
($606,308,154) |
($108,615,873) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($140,863,160) |
($36,438,300) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
139,150,000 |
$7,219,464,611 |
51,000,000 |
$2,902,018,922 |
Shares
redeemed |
+ |
(51,750,000) |
(2,628,923,902) |
(52,800,000) |
(2,997,677,163) |
Net
transactions in fund shares
|
|
87,400,000 |
$4,590,540,709 |
(1,800,000) |
($95,658,241) |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
66,100,000 |
$3,711,997,447 |
67,900,000 |
$3,952,709,861 |
Total
increase (decrease) |
+ |
87,400,000 |
3,843,369,395 |
(1,800,000) |
(240,712,414) |
End
of period |
|
153,500,000 |
$7,555,366,842 |
66,100,000 |
$3,711,997,447 |
|
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 |
$51.26 |
$54.87 |
$47.34 |
$50.00 |
|
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
1.12 |
0.86 |
0.86 |
0.22 |
|
|
Net
realized and unrealized gains (losses) |
(16.08) |
(3.60) |
7.50 |
(2.67) |
|
|
Total
from investment operations |
(14.96) |
(2.74) |
8.36 |
(2.45) |
|
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.02) |
(0.87) |
(0.83) |
(0.21) |
|
|
Net
asset value at end of period |
$35.28 |
$51.26 |
$54.87 |
$47.34 |
|
|
Total
return |
(29.42%) |
(4.96%) |
17.64% |
(4.91%)3
|
|
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%4,5
|
0.05%6
|
0.05% |
0.06%7,8
|
|
|
Net
investment income (loss) |
2.83% |
1.70% |
1.55% |
2.07%7
|
|
|
Portfolio
turnover rate9
|
41% |
68% |
45% |
3%3
|
|
|
Net
assets, end of period (x 1,000) |
$188,739 |
$99,948 |
$90,535 |
$18,935 |
|
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
Not
annualized. |
4 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
5 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
6 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for period ended 12/31/21 is a blended
ratio. |
7 |
Annualized. |
8 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended 12/31/19 is a blended
ratio. |
9 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TREASURIES
99.2%
OF NET ASSETS
| ||
Bonds | ||
4.50%,
02/15/36
|
844,400 |
902,653 |
4.75%,
02/15/37
|
500,400 |
547,649 |
5.00%,
05/15/37
|
647,600 |
724,353 |
4.38%,
02/15/38
|
680,800 |
714,629 |
4.50%,
05/15/38
|
771,100 |
820,401 |
3.50%,
02/15/39
|
790,000 |
743,680 |
4.25%,
05/15/39
|
1,173,200 |
1,210,135 |
4.50%,
08/15/39
|
1,251,900 |
1,329,262 |
4.38%,
11/15/39
|
1,347,100 |
1,407,649 |
4.63%,
02/15/40
|
1,357,100 |
1,460,404 |
1.13%,
05/15/40
|
4,066,800 |
2,550,144 |
4.38%,
05/15/40
|
1,314,600 |
1,369,415 |
1.13%,
08/15/40
|
4,967,300 |
3,093,053 |
3.88%,
08/15/40
|
1,306,800 |
1,276,352 |
1.38%,
11/15/40
|
5,528,800 |
3,597,172 |
4.25%,
11/15/40
|
1,297,600 |
1,327,519 |
1.88%,
02/15/41
|
6,697,000 |
4,737,552 |
4.75%,
02/15/41
|
1,376,300 |
1,499,209 |
2.25%,
05/15/41
|
5,769,600 |
4,337,772 |
4.38%,
05/15/41
|
1,270,800 |
1,318,706 |
1.75%,
08/15/41
|
7,559,200 |
5,178,969 |
3.75%,
08/15/41
|
1,285,400 |
1,222,020 |
2.00%,
11/15/41
|
6,354,200 |
4,544,305 |
3.13%,
11/15/41
|
1,348,600 |
1,165,975 |
2.38%,
02/15/42
|
5,141,100 |
3,925,686 |
3.13%,
02/15/42
|
1,427,800 |
1,231,219 |
3.00%,
05/15/42
|
1,327,800 |
1,117,772 |
3.25%,
05/15/42
|
4,538,000 |
3,980,737 |
2.75%,
08/15/42
|
1,551,700 |
1,250,146 |
3.38%,
08/15/42
|
3,931,600 |
3,513,292 |
2.75%,
11/15/42
|
2,251,200 |
1,808,006 |
4.00%,
11/15/42
|
2,698,600 |
2,641,534 |
3.13%,
02/15/43
|
1,931,100 |
1,649,262 |
2.88%,
05/15/43
|
3,055,500 |
2,499,439 |
3.63%,
08/15/43
|
2,192,400 |
2,019,608 |
3.75%,
11/15/43
|
2,231,400 |
2,093,956 |
3.63%,
02/15/44
|
2,375,700 |
2,183,743 |
3.38%,
05/15/44
|
2,201,800 |
1,943,507 |
3.13%,
08/15/44
|
2,835,300 |
2,399,079 |
3.00%,
11/15/44
|
2,482,100 |
2,054,189 |
2.50%,
02/15/45
|
3,295,900 |
2,489,099 |
3.00%,
05/15/45
|
1,612,200 |
1,331,563 |
2.88%,
08/15/45
|
2,194,000 |
1,770,636 |
3.00%,
11/15/45
|
1,295,900 |
1,068,863 |
2.50%,
02/15/46
|
2,667,600 |
2,001,797 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
05/15/46
|
2,701,100 |
2,022,723 |
2.25%,
08/15/46
|
3,334,300 |
2,370,243 |
2.88%,
11/15/46
|
1,502,700 |
1,208,047 |
3.00%,
02/15/47
|
2,969,100 |
2,438,330 |
3.00%,
05/15/47
|
2,286,800 |
1,877,460 |
2.75%,
08/15/47
|
3,262,300 |
2,557,735 |
2.75%,
11/15/47
|
3,290,000 |
2,579,452 |
3.00%,
02/15/48
|
3,761,300 |
3,095,357 |
3.13%,
05/15/48
|
4,038,400 |
3,405,922 |
3.00%,
08/15/48
|
4,425,600 |
3,647,910 |
3.38%,
11/15/48
|
4,537,600 |
4,018,410 |
3.00%,
02/15/49
|
4,777,200 |
3,951,884 |
2.88%,
05/15/49
|
4,667,800 |
3,770,365 |
2.25%,
08/15/49
|
4,393,300 |
3,104,890 |
2.38%,
11/15/49
|
4,126,900 |
3,000,306 |
2.00%,
02/15/50
|
5,186,400 |
3,441,293 |
1.25%,
05/15/50
|
6,025,400 |
3,257,794 |
1.38%,
08/15/50
|
6,790,800 |
3,796,099 |
1.63%,
11/15/50
|
6,719,800 |
4,020,569 |
1.88%,
02/15/51
|
7,495,200 |
4,783,821 |
2.38%,
05/15/51
|
7,551,600 |
5,438,273 |
2.00%,
08/15/51
|
7,471,600 |
4,912,701 |
1.88%,
11/15/51
|
6,956,400 |
4,424,739 |
2.25%,
02/15/52
|
6,354,100 |
4,436,135 |
2.88%,
05/15/52
|
6,050,200 |
4,866,221 |
3.00%,
08/15/52
|
5,747,400 |
4,758,954 |
4.00%,
11/15/52
|
3,898,000 |
3,914,123 |
Total
Treasuries
(Cost
$205,154,022) |
187,151,867 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.0%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.0%
| ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
4.12%
(a) |
218 |
218 |
Total
Short-Term Investments
(Cost
$218) |
218 | |
Total
Investments in Securities
(Cost
$205,154,240) |
187,152,085 |
(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
|
$— |
$187,151,867 |
$— |
$187,151,867 |
Short-Term
Investments1
|
218 |
— |
— |
218 |
Total |
$218 |
$187,151,867 |
$— |
$187,152,085 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - unaffiliated (cost
$205,154,240) |
|
$187,152,085 |
Receivables: |
|
|
Investments
sold |
|
2,930,287 |
Interest |
|
1,589,084 |
Dividends |
+ |
422 |
Total
assets |
|
191,671,878 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
2,928,039 |
Management
fees |
+ |
4,909 |
Total
liabilities |
|
2,932,948 |
Net
assets |
|
$188,738,930 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$219,816,732 |
Total
distributable loss |
+ |
(31,077,802) |
Net
assets |
|
$188,738,930 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$188,738,930 |
|
5,350,000 |
|
$35.28 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$2,918,917 |
Dividends
received from securities - unaffiliated
|
+ |
3,813 |
Total
investment income
|
|
2,922,730 |
| ||
Expenses | ||
Management
fees |
|
34,566 |
Proxy
fees1
|
+ |
1,969 |
Total
expenses |
– |
36,535 |
Net
investment income |
|
2,886,195 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities -
unaffiliated |
|
(14,008,923) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(913,175) |
Net
realized losses |
|
(14,922,098) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
(16,768,720) |
Net
realized and unrealized losses |
|
(31,690,818) |
Decrease
in net assets resulting from operations |
|
($28,804,623) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$2,886,195 |
$1,498,221 |
Net
realized losses |
|
(14,922,098) |
(6,707,595) |
Net
change in unrealized appreciation (depreciation) |
+ |
(16,768,720) |
(1,537,862) |
Decrease
in net assets from operations |
|
($28,804,623) |
($6,747,236) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($2,856,565) |
($1,504,385) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
5,450,000 |
$203,105,803 |
2,200,000 |
$112,232,468 |
Shares
redeemed |
+ |
(2,050,000) |
(82,653,392) |
(1,900,000) |
(94,568,490) |
Net
transactions in fund shares
|
|
3,400,000 |
$120,452,411 |
300,000 |
$17,663,978 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
1,950,000 |
$99,947,707 |
1,650,000 |
$90,535,350 |
Total
increase |
+ |
3,400,000 |
88,791,223 |
300,000 |
9,412,357 |
End
of period |
|
5,350,000 |
$188,738,930 |
1,950,000 |
$99,947,707 |
|
1/1/22–
12/31/22 |
1/1/21–
12/31/21 |
1/1/20–
12/31/20 |
1/1/19–
12/31/19 |
1/1/18–
12/31/18 |
|
Per-Share
Data | ||||||
Net
asset value at beginning of period |
$53.91 |
$56.05 |
$53.43 |
$50.59 |
$52.07 |
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)1
|
1.11 |
0.96 |
1.19 |
1.43 |
1.35 |
|
Net
realized and unrealized gains (losses) |
(8.12) |
(1.93) |
2.79 |
2.90 |
(1.42) |
|
Total
from investment operations |
(7.01) |
(0.97) |
3.98 |
4.33 |
(0.07) |
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.20) |
(1.17) |
(1.36) |
(1.49) |
(1.41) |
|
Net
asset value at end of period |
$45.70 |
$53.91 |
$56.05 |
$53.43 |
$50.59 |
|
Total
return |
(13.09%) |
(1.74%) |
7.50% |
8.64% |
(0.09%) |
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%2,3
|
0.04% |
0.04% |
0.04% |
0.04% |
|
Net
investment income (loss) |
2.29% |
1.76% |
2.14% |
2.71% |
2.67% |
|
Portfolio
turnover rate4,5
|
53% |
48% |
68% |
63% |
71% |
|
Net
assets, end of period (x 1,000,000) |
$6,805 |
$9,074 |
$8,733 |
$7,384 |
$5,545 |
|
1 |
Calculated
based on the average shares outstanding during the
period. |
2 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
3 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
4 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or redemptions. |
5 |
Includes
to-be-announced (TBA) transactions. (see financial note
2) |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
23.9%
OF NET ASSETS
| ||
| ||
Financial
Institutions 8.1%
| ||
Banking
5.7%
| ||
Ally
Financial, Inc. | ||
3.88%,
05/21/24
(a) |
350,000 |
341,426 |
5.13%,
09/30/24
|
200,000 |
198,336 |
4.63%,
03/30/25
|
250,000 |
244,659 |
5.80%,
05/01/25
(a) |
250,000 |
249,179 |
2.20%,
11/02/28
(a) |
150,000 |
117,410 |
8.00%,
11/01/31
|
1,000,000 |
1,035,969 |
American
Express Co. | ||
3.40%,
02/22/24
(a) |
475,000 |
466,762 |
3.38%,
05/03/24
|
500,000 |
490,194 |
2.50%,
07/30/24
(a) |
550,000 |
529,442 |
3.00%,
10/30/24
(a) |
600,000 |
581,019 |
2.25%,
03/04/25
(a) |
675,000 |
638,237 |
3.95%,
08/01/25
(a) |
600,000 |
588,278 |
4.20%,
11/06/25
(a) |
400,000 |
395,645 |
3.13%,
05/20/26
(a) |
50,000 |
47,191 |
1.65%,
11/04/26
(a) |
250,000 |
221,835 |
2.55%,
03/04/27
(a) |
575,000 |
523,973 |
3.30%,
05/03/27
(a) |
700,000 |
656,000 |
5.85%,
11/05/27
(a) |
300,000 |
312,086 |
4.05%,
05/03/29
(a) |
300,000 |
286,868 |
4.99%,
05/26/33
(a)(b) |
250,000 |
241,542 |
4.05%,
12/03/42
|
150,000 |
129,020 |
American
Express Credit Corp. | ||
3.30%,
05/03/27
(a) |
50,000 |
47,404 |
Australia
& New Zealand Banking Group Ltd. | ||
5.09%,
12/08/25
|
250,000 |
251,013 |
Banco
Bilbao Vizcaya Argentaria S.A. | ||
1.13%,
09/18/25
|
200,000 |
179,134 |
5.86%,
09/14/26
(a)(b) |
200,000 |
199,943 |
6.14%,
09/14/28
(a)(b) |
200,000 |
200,799 |
Banco
Santander S.A. | ||
3.89%,
05/24/24
|
400,000 |
391,547 |
2.71%,
06/27/24
|
600,000 |
576,173 |
3.50%,
03/24/25
|
200,000 |
193,035 |
2.75%,
05/28/25
|
600,000 |
561,926 |
5.15%,
08/18/25
|
400,000 |
396,263 |
5.18%,
11/19/25
|
400,000 |
395,250 |
4.25%,
04/11/27
|
400,000 |
381,349 |
5.29%,
08/18/27
|
600,000 |
585,809 |
1.72%,
09/14/27
(a)(b) |
200,000 |
171,371 |
3.80%,
02/23/28
|
400,000 |
363,996 |
4.18%,
03/24/28
(a)(b) |
400,000 |
371,578 |
4.38%,
04/12/28
|
400,000 |
376,291 |
3.31%,
06/27/29
|
200,000 |
175,179 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.49%,
05/28/30
|
400,000 |
338,635 |
2.75%,
12/03/30
|
400,000 |
306,630 |
2.96%,
03/25/31
|
200,000 |
160,681 |
3.23%,
11/22/32
(a)(b) |
400,000 |
303,492 |
Bank
of America Corp. | ||
4.13%,
01/22/24
|
750,000 |
744,591 |
4.00%,
04/01/24
|
650,000 |
642,134 |
4.20%,
08/26/24
|
850,000 |
837,196 |
4.00%,
01/22/25
|
725,000 |
710,148 |
1.84%,
02/04/25
(a)(b) |
250,000 |
239,893 |
3.46%,
03/15/25
(a)(b) |
750,000 |
731,125 |
3.95%,
04/21/25
|
700,000 |
682,116 |
0.98%,
04/22/25
(a)(b) |
500,000 |
469,004 |
3.84%,
04/25/25
(a)(b) |
600,000 |
586,343 |
3.88%,
08/01/25
|
650,000 |
633,563 |
0.98%,
09/25/25
(a)(b) |
675,000 |
623,142 |
3.09%,
10/01/25
(a)(b) |
550,000 |
527,527 |
2.46%,
10/22/25
(a)(b) |
850,000 |
804,025 |
1.53%,
12/06/25
(a)(b) |
250,000 |
230,820 |
3.37%,
01/23/26
(a)(b) |
500,000 |
478,226 |
2.02%,
02/13/26
(a)(b) |
450,000 |
417,844 |
4.45%,
03/03/26
|
400,000 |
392,241 |
3.38%,
04/02/26
(a)(b) |
500,000 |
477,844 |
3.50%,
04/19/26
|
850,000 |
812,094 |
1.32%,
06/19/26
(a)(b) |
400,000 |
360,597 |
4.83%,
07/22/26
(a)(b) |
100,000 |
98,990 |
6.22%,
09/15/26
|
100,000 |
103,834 |
4.25%,
10/22/26
|
700,000 |
677,581 |
1.20%,
10/24/26
(a)(b) |
800,000 |
714,281 |
1.66%,
03/11/27
(a)(b) |
500,000 |
442,305 |
3.56%,
04/23/27
(a)(b) |
1,000,000 |
938,134 |
1.73%,
07/22/27
(a)(b) |
1,700,000 |
1,491,132 |
3.25%,
10/21/27
(a) |
800,000 |
740,475 |
4.18%,
11/25/27
(a) |
650,000 |
617,902 |
3.82%,
01/20/28
(a)(b) |
950,000 |
887,841 |
3.71%,
04/24/28
(a)(b) |
500,000 |
463,730 |
4.38%,
04/27/28
(a)(b) |
750,000 |
717,679 |
3.59%,
07/21/28
(a)(b) |
850,000 |
783,507 |
4.95%,
07/22/28
(a)(b) |
900,000 |
880,967 |
6.20%,
11/10/28
(a)(b) |
500,000 |
515,187 |
3.42%,
12/20/28
(a)(b) |
1,700,000 |
1,543,066 |
3.97%,
03/05/29
(a)(b) |
750,000 |
693,708 |
2.09%,
06/14/29
(a)(b) |
750,000 |
631,496 |
4.27%,
07/23/29
(a)(b) |
850,000 |
795,387 |
3.97%,
02/07/30
(a)(b) |
850,000 |
772,970 |
3.19%,
07/23/30
(a)(b) |
800,000 |
690,123 |
2.88%,
10/22/30
(a)(b) |
850,000 |
715,223 |
2.50%,
02/13/31
(a)(b) |
1,000,000 |
813,535 |
2.59%,
04/29/31
(a)(b) |
910,000 |
743,431 |
1.90%,
07/23/31
(a)(b) |
900,000 |
693,942 |
1.92%,
10/24/31
(a)(b) |
750,000 |
573,207 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.65%,
03/11/32
(a)(b) |
600,000 |
481,293 |
2.69%,
04/22/32
(a)(b) |
1,400,000 |
1,122,419 |
2.30%,
07/21/32
(a)(b) |
1,150,000 |
886,555 |
2.57%,
10/20/32
(a)(b) |
1,000,000 |
785,679 |
2.97%,
02/04/33
(a)(b) |
1,000,000 |
807,599 |
4.57%,
04/27/33
(a)(b) |
1,000,000 |
918,063 |
5.02%,
07/22/33
(a)(b) |
1,500,000 |
1,424,548 |
2.48%,
09/21/36
(a)(b) |
250,000 |
184,821 |
6.11%,
01/29/37
|
550,000 |
560,156 |
3.85%,
03/08/37
(a)(b) |
700,000 |
580,473 |
4.24%,
04/24/38
(a)(b) |
250,000 |
214,090 |
7.75%,
05/14/38
|
500,000 |
585,454 |
4.08%,
04/23/40
(a)(b) |
475,000 |
395,594 |
2.68%,
06/19/41
(a)(b) |
1,550,000 |
1,047,668 |
5.88%,
02/07/42
|
450,000 |
458,126 |
3.31%,
04/22/42
(a)(b) |
1,050,000 |
773,904 |
5.00%,
01/21/44
|
450,000 |
414,645 |
4.88%,
04/01/44
|
150,000 |
136,547 |
4.75%,
04/21/45
|
200,000 |
172,859 |
4.44%,
01/20/48
(a)(b) |
650,000 |
550,040 |
3.95%,
01/23/49
(a)(b) |
350,000 |
272,149 |
4.33%,
03/15/50
(a)(b) |
800,000 |
659,612 |
4.08%,
03/20/51
(a)(b) |
1,200,000 |
949,167 |
2.83%,
10/24/51
(a)(b) |
300,000 |
186,433 |
3.48%,
03/13/52
(a)(b) |
300,000 |
213,570 |
2.97%,
07/21/52
(a)(b) |
550,000 |
348,080 |
Bank
of America NA | ||
6.00%,
10/15/36
|
350,000 |
359,217 |
Bank
of Montreal | ||
3.30%,
02/05/24
|
550,000 |
539,967 |
2.15%,
03/08/24
|
400,000 |
386,759 |
2.50%,
06/28/24
|
400,000 |
385,224 |
4.25%,
09/14/24
|
400,000 |
394,637 |
1.50%,
01/10/25
|
500,000 |
466,691 |
1.85%,
05/01/25
|
475,000 |
443,954 |
3.70%,
06/07/25
|
400,000 |
388,335 |
1.25%,
09/15/26
|
400,000 |
350,977 |
0.95%,
01/22/27
(a)(b) |
300,000 |
265,551 |
2.65%,
03/08/27
|
300,000 |
274,545 |
4.70%,
09/14/27
(a) |
200,000 |
198,108 |
3.80%,
12/15/32
(a)(b) |
504,000 |
444,804 |
3.09%,
01/10/37
(a)(b) |
100,000 |
76,009 |
Bank
of New York Mellon Corp. | ||
3.65%,
02/04/24
(a) |
150,000 |
147,830 |
3.25%,
09/11/24
(a) |
350,000 |
340,668 |
2.10%,
10/24/24
|
445,000 |
424,664 |
0.85%,
10/25/24
(a) |
250,000 |
232,837 |
3.00%,
02/24/25
(a) |
350,000 |
337,697 |
1.60%,
04/24/25
(a) |
550,000 |
511,298 |
3.35%,
04/25/25
(a) |
100,000 |
96,936 |
3.43%,
06/13/25
(a)(b) |
400,000 |
390,892 |
3.95%,
11/18/25
(a) |
300,000 |
293,743 |
5.22%,
11/21/25
(a)(b) |
100,000 |
100,126 |
0.75%,
01/28/26
(a) |
150,000 |
133,122 |
2.45%,
08/17/26
(a) |
300,000 |
276,284 |
2.05%,
01/26/27
(a) |
250,000 |
225,113 |
3.25%,
05/16/27
(a) |
325,000 |
306,178 |
3.40%,
01/29/28
(a) |
250,000 |
233,216 |
3.44%,
02/07/28
(a)(b) |
300,000 |
282,168 |
3.85%,
04/28/28
|
100,000 |
96,153 |
1.65%,
07/14/28
(a) |
100,000 |
84,897 |
5.80%,
10/25/28
(a)(b) |
400,000 |
413,347 |
3.00%,
10/30/28
(a) |
225,000 |
201,059 |
3.30%,
08/23/29
(a) |
250,000 |
224,540 |
4.60%,
07/26/30
(a)(b) |
150,000 |
146,374 |
1.80%,
07/28/31
(a) |
400,000 |
310,592 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.29%,
06/13/33
(a)(b) |
250,000 |
234,618 |
5.83%,
10/25/33
(a)(b) |
400,000 |
416,829 |
Bank
of Nova Scotia | ||
3.40%,
02/11/24
|
350,000 |
344,125 |
0.70%,
04/15/24
|
400,000 |
377,956 |
1.45%,
01/10/25
|
500,000 |
465,496 |
2.20%,
02/03/25
|
400,000 |
376,966 |
3.45%,
04/11/25
|
500,000 |
482,038 |
1.30%,
06/11/25
|
300,000 |
275,038 |
4.50%,
12/16/25
|
400,000 |
392,633 |
1.05%,
03/02/26
|
350,000 |
309,918 |
1.35%,
06/24/26
|
250,000 |
222,195 |
2.70%,
08/03/26
|
500,000 |
463,522 |
1.95%,
02/02/27
|
250,000 |
222,892 |
2.95%,
03/11/27
|
250,000 |
230,637 |
2.15%,
08/01/31
|
200,000 |
159,073 |
2.45%,
02/02/32
|
300,000 |
241,891 |
4.59%,
05/04/37
(a)(b) |
450,000 |
384,579 |
Bank
OZK | ||
2.75%,
10/01/31
(a)(b) |
175,000 |
149,573 |
BankUnited,
Inc. | ||
4.88%,
11/17/25
(a) |
200,000 |
197,476 |
5.13%,
06/11/30
(a) |
100,000 |
92,594 |
Barclays
Bank PLC | ||
3.75%,
05/15/24
|
200,000 |
196,625 |
Barclays
PLC | ||
4.38%,
09/11/24
|
200,000 |
195,965 |
3.65%,
03/16/25
|
600,000 |
576,924 |
3.93%,
05/07/25
(a)(b) |
500,000 |
485,154 |
4.38%,
01/12/26
|
700,000 |
677,115 |
2.85%,
05/07/26
(a)(b) |
400,000 |
371,611 |
5.20%,
05/12/26
|
650,000 |
633,309 |
5.30%,
08/09/26
(a)(b) |
500,000 |
496,906 |
7.33%,
11/02/26
(a)(b) |
500,000 |
518,733 |
2.28%,
11/24/27
(a)(b) |
400,000 |
347,210 |
4.34%,
01/10/28
(a) |
400,000 |
372,452 |
4.84%,
05/09/28
(a) |
600,000 |
553,972 |
5.50%,
08/09/28
(a)(b) |
500,000 |
486,514 |
4.97%,
05/16/29
(a)(b) |
550,000 |
518,504 |
5.09%,
06/20/30
(a)(b) |
450,000 |
415,655 |
2.65%,
06/24/31
(a)(b) |
300,000 |
234,604 |
2.67%,
03/10/32
(a)(b) |
350,000 |
267,941 |
2.89%,
11/24/32
(a)(b) |
400,000 |
305,226 |
5.75%,
08/09/33
(a)(b) |
300,000 |
284,263 |
7.44%,
11/02/33
(a)(b) |
600,000 |
632,487 |
3.56%,
09/23/35
(a)(b) |
300,000 |
230,309 |
3.81%,
03/10/42
(a)(b) |
300,000 |
203,676 |
3.33%,
11/24/42
(a)(b) |
300,000 |
206,728 |
5.25%,
08/17/45
|
400,000 |
360,032 |
4.95%,
01/10/47
|
500,000 |
432,522 |
BNP
Paribas S.A. | ||
4.25%,
10/15/24
|
300,000 |
293,334 |
BPCE
S.A. | ||
4.00%,
04/15/24
|
500,000 |
491,770 |
3.38%,
12/02/26
|
250,000 |
234,944 |
Canadian
Imperial Bank of Commerce | ||
3.10%,
04/02/24
|
250,000 |
244,025 |
2.25%,
01/28/25
|
400,000 |
377,757 |
3.30%,
04/07/25
|
400,000 |
384,174 |
3.95%,
08/04/25
|
400,000 |
391,515 |
0.95%,
10/23/25
|
200,000 |
179,835 |
3.45%,
04/07/27
|
300,000 |
282,336 |
3.60%,
04/07/32
(a) |
300,000 |
265,059 |
Capital
One Financial Corp. | ||
3.90%,
01/29/24
(a) |
450,000 |
444,574 |
3.75%,
04/24/24
(a) |
200,000 |
196,363 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.30%,
10/30/24
(a) |
450,000 |
434,530 |
3.20%,
02/05/25
(a) |
300,000 |
288,954 |
4.17%,
05/09/25
(a)(b) |
300,000 |
293,385 |
4.20%,
10/29/25
(a) |
400,000 |
387,163 |
2.64%,
03/03/26
(a)(b) |
400,000 |
375,188 |
4.99%,
07/24/26
(a)(b) |
400,000 |
392,678 |
3.75%,
07/28/26
(a) |
500,000 |
472,564 |
3.75%,
03/09/27
(a) |
250,000 |
237,609 |
3.65%,
05/11/27
(a) |
250,000 |
235,877 |
1.88%,
11/02/27
(a)(b) |
200,000 |
175,271 |
3.80%,
01/31/28
(a) |
550,000 |
516,041 |
4.93%,
05/10/28
(a)(b) |
300,000 |
290,901 |
3.27%,
03/01/30
(a)(b) |
400,000 |
343,806 |
2.36%,
07/29/32
(a)(b) |
325,000 |
234,347 |
2.62%,
11/02/32
(a)(b) |
200,000 |
154,371 |
5.27%,
05/10/33
(a)(b) |
350,000 |
325,487 |
Capital
One NA | ||
2.28%,
01/28/26
(a)(b) |
325,000 |
304,894 |
Citibank
NA | ||
3.65%,
01/23/24
(a) |
850,000 |
839,616 |
Citigroup,
Inc. | ||
3.75%,
06/16/24
|
200,000 |
196,909 |
4.00%,
08/05/24
|
250,000 |
246,388 |
3.88%,
03/26/25
|
200,000 |
194,664 |
3.35%,
04/24/25
(a)(b) |
800,000 |
775,960 |
3.30%,
04/27/25
|
565,000 |
547,007 |
0.98%,
05/01/25
(a)(b) |
600,000 |
562,177 |
4.14%,
05/24/25
(a)(b) |
350,000 |
344,822 |
4.40%,
06/10/25
|
750,000 |
736,930 |
5.50%,
09/13/25
|
450,000 |
453,440 |
3.70%,
01/12/26
|
600,000 |
577,598 |
4.60%,
03/09/26
|
450,000 |
443,225 |
3.29%,
03/17/26
(a)(b) |
400,000 |
380,596 |
3.11%,
04/08/26
(a)(b) |
1,000,000 |
946,116 |
3.40%,
05/01/26
|
700,000 |
664,840 |
5.61%,
09/29/26
(a)(b) |
700,000 |
702,656 |
3.20%,
10/21/26
(a) |
850,000 |
788,733 |
4.30%,
11/20/26
|
350,000 |
338,593 |
1.12%,
01/28/27
(a)(b) |
600,000 |
523,960 |
1.46%,
06/09/27
(a)(b) |
800,000 |
695,316 |
4.45%,
09/29/27
|
1,000,000 |
956,046 |
3.89%,
01/10/28
(a)(b) |
1,050,000 |
983,042 |
6.63%,
01/15/28
|
350,000 |
376,084 |
3.07%,
02/24/28
(a)(b) |
500,000 |
451,796 |
4.66%,
05/24/28
(a)(b) |
300,000 |
290,496 |
3.67%,
07/24/28
(a)(b) |
900,000 |
828,177 |
4.13%,
07/25/28
|
650,000 |
606,754 |
3.52%,
10/27/28
(a)(b) |
800,000 |
729,995 |
4.08%,
04/23/29
(a)(b) |
300,000 |
276,932 |
3.98%,
03/20/30
(a)(b) |
750,000 |
678,037 |
2.98%,
11/05/30
(a)(b) |
350,000 |
294,499 |
2.67%,
01/29/31
(a)(b) |
750,000 |
616,277 |
4.41%,
03/31/31
(a)(b) |
1,200,000 |
1,104,585 |
2.57%,
06/03/31
(a)(b) |
1,200,000 |
971,732 |
2.56%,
05/01/32
(a)(b) |
750,000 |
592,961 |
6.63%,
06/15/32
|
300,000 |
315,754 |
2.52%,
11/03/32
(a)(b) |
600,000 |
466,725 |
3.06%,
01/25/33
(a)(b) |
750,000 |
607,004 |
5.88%,
02/22/33
|
150,000 |
149,457 |
3.79%,
03/17/33
(a)(b) |
700,000 |
601,288 |
4.91%,
05/24/33
(a)(b) |
700,000 |
657,928 |
6.00%,
10/31/33
|
200,000 |
202,390 |
6.27%,
11/17/33
(a)(b) |
700,000 |
723,186 |
3.88%,
01/24/39
(a)(b) |
300,000 |
248,708 |
8.13%,
07/15/39
|
550,000 |
677,529 |
5.32%,
03/26/41
(a)(b) |
400,000 |
385,954 |
5.88%,
01/30/42
|
250,000 |
252,122 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.90%,
11/03/42
(a)(b) |
250,000 |
173,884 |
6.68%,
09/13/43
|
300,000 |
325,601 |
5.30%,
05/06/44
|
250,000 |
226,987 |
4.65%,
07/30/45
|
200,000 |
173,352 |
4.75%,
05/18/46
|
600,000 |
498,882 |
4.28%,
04/24/48
(a)(b) |
425,000 |
349,205 |
4.65%,
07/23/48
(a) |
700,000 |
608,788 |
Citizens
Bank NA | ||
2.25%,
04/28/25
(a) |
250,000 |
233,223 |
4.12%,
05/23/25
(a)(b) |
250,000 |
245,580 |
3.75%,
02/18/26
(a) |
100,000 |
95,964 |
Citizens
Financial Group, Inc. | ||
4.30%,
12/03/25
(a) |
300,000 |
291,918 |
2.85%,
07/27/26
(a) |
150,000 |
139,054 |
2.50%,
02/06/30
(a) |
200,000 |
161,810 |
3.25%,
04/30/30
(a) |
300,000 |
261,309 |
2.64%,
09/30/32
(a) |
250,000 |
185,469 |
Comerica
Bank | ||
4.00%,
07/27/25
|
250,000 |
242,956 |
Comerica,
Inc. | ||
4.00%,
02/01/29
(a) |
150,000 |
140,948 |
Cooperatieve
Rabobank UA | ||
0.38%,
01/12/24
|
250,000 |
238,375 |
3.88%,
08/22/24
|
250,000 |
245,805 |
1.38%,
01/10/25
|
100,000 |
93,606 |
3.38%,
05/21/25
|
500,000 |
485,088 |
4.38%,
08/04/25
|
500,000 |
488,203 |
3.75%,
07/21/26
|
500,000 |
471,412 |
5.25%,
05/24/41
|
350,000 |
355,947 |
5.75%,
12/01/43
|
250,000 |
240,601 |
5.25%,
08/04/45
|
250,000 |
225,955 |
Credit
Suisse AG | ||
0.50%,
02/02/24
|
250,000 |
232,266 |
4.75%,
08/09/24
|
250,000 |
238,957 |
3.63%,
09/09/24
|
800,000 |
748,128 |
3.70%,
02/21/25
|
500,000 |
461,615 |
2.95%,
04/09/25
|
400,000 |
361,142 |
1.25%,
08/07/26
|
500,000 |
405,286 |
5.00%,
07/09/27
|
250,000 |
228,093 |
Credit
Suisse Group AG | ||
3.75%,
03/26/25
|
750,000 |
678,968 |
4.55%,
04/17/26
|
500,000 |
445,728 |
4.88%,
05/15/45
|
500,000 |
345,873 |
Credit
Suisse USA, Inc. | ||
7.13%,
07/15/32
|
300,000 |
304,810 |
Deutsche
Bank AG | ||
0.90%,
05/28/24
|
300,000 |
280,967 |
3.70%,
05/30/24
|
549,000 |
537,404 |
1.45%,
04/01/25
(a)(b) |
150,000 |
139,600 |
4.50%,
04/01/25
|
400,000 |
381,159 |
3.96%,
11/26/25
(a)(b) |
700,000 |
669,965 |
4.10%,
01/13/26
|
250,000 |
240,438 |
1.69%,
03/19/26
|
300,000 |
269,532 |
6.12%,
07/14/26
(a)(b) |
200,000 |
199,359 |
2.13%,
11/24/26
(a)(b) |
550,000 |
486,073 |
2.31%,
11/16/27
(a)(b) |
500,000 |
424,999 |
2.55%,
01/07/28
(a)(b) |
400,000 |
340,901 |
5.88%,
07/08/31
(a)(b) |
150,000 |
130,502 |
3.55%,
09/18/31
(a)(b) |
450,000 |
362,128 |
3.73%,
01/14/32
(a)(b) |
350,000 |
258,211 |
3.04%,
05/28/32
(a)(b) |
300,000 |
228,086 |
4.88%,
12/01/32
(a)(b) |
250,000 |
209,245 |
3.74%,
01/07/33
(a)(b) |
350,000 |
251,120 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Discover
Bank | ||
2.45%,
09/12/24
(a) |
300,000 |
285,162 |
4.65%,
09/13/28
(a) |
750,000 |
704,375 |
2.70%,
02/06/30
(a) |
250,000 |
200,759 |
Discover
Financial Services | ||
3.95%,
11/06/24
(a) |
200,000 |
194,932 |
3.75%,
03/04/25
(a) |
250,000 |
241,118 |
4.10%,
02/09/27
(a) |
300,000 |
282,735 |
Fifth
Third Bancorp | ||
4.30%,
01/16/24
(a) |
250,000 |
247,852 |
3.65%,
01/25/24
(a) |
575,000 |
567,144 |
2.38%,
01/28/25
(a) |
50,000 |
47,462 |
2.55%,
05/05/27
(a) |
300,000 |
270,610 |
1.71%,
11/01/27
(a)(b) |
350,000 |
309,757 |
3.95%,
03/14/28
(a) |
200,000 |
191,784 |
8.25%,
03/01/38
|
350,000 |
434,165 |
Fifth
Third Bank NA | ||
3.95%,
07/28/25
(a) |
600,000 |
591,440 |
5.85%,
10/27/25
(a)(b) |
300,000 |
303,436 |
3.85%,
03/15/26
(a) |
350,000 |
334,968 |
2.25%,
02/01/27
(a) |
50,000 |
45,187 |
First
Citizens BancShares, Inc. | ||
3.38%,
03/15/30
(a)(b) |
25,000 |
23,671 |
First
Horizon Bank | ||
5.75%,
05/01/30
(a) |
250,000 |
242,464 |
First
Horizon Corp. | ||
4.00%,
05/26/25
(a) |
100,000 |
97,390 |
First-Citizens
Bank & Trust Co. | ||
2.97%,
09/27/25
(a)(b) |
250,000 |
236,555 |
6.13%,
03/09/28
|
200,000 |
204,725 |
Goldman
Sachs Capital l | ||
6.35%,
02/15/34
|
300,000 |
311,009 |
Goldman
Sachs Group, Inc. | ||
3.63%,
02/20/24
(a) |
500,000 |
491,770 |
4.00%,
03/03/24
|
950,000 |
938,269 |
3.00%,
03/15/24
|
650,000 |
634,178 |
3.85%,
07/08/24
(a) |
700,000 |
687,109 |
5.70%,
11/01/24
|
500,000 |
505,940 |
3.50%,
01/23/25
(a) |
700,000 |
677,673 |
1.76%,
01/24/25
(a)(b) |
500,000 |
478,795 |
3.50%,
04/01/25
(a) |
975,000 |
938,989 |
3.75%,
05/22/25
(a) |
700,000 |
677,848 |
3.27%,
09/29/25
(a)(b) |
800,000 |
770,469 |
4.25%,
10/21/25
|
600,000 |
587,398 |
0.86%,
02/12/26
(a)(b) |
150,000 |
135,710 |
3.75%,
02/25/26
(a) |
350,000 |
337,569 |
3.50%,
11/16/26
(a) |
900,000 |
846,090 |
1.09%,
12/09/26
(a)(b) |
625,000 |
552,444 |
5.95%,
01/15/27
|
265,000 |
272,371 |
3.85%,
01/26/27
(a) |
845,000 |
804,986 |
1.43%,
03/09/27
(a)(b) |
900,000 |
788,883 |
1.54%,
09/10/27
(a)(b) |
850,000 |
734,854 |
1.95%,
10/21/27
(a)(b) |
1,200,000 |
1,048,599 |
2.64%,
02/24/28
(a)(b) |
850,000 |
757,130 |
3.62%,
03/15/28
(a)(b) |
500,000 |
464,779 |
3.69%,
06/05/28
(a)(b) |
700,000 |
650,901 |
4.48%,
08/23/28
(a)(b) |
500,000 |
478,933 |
3.81%,
04/23/29
(a)(b) |
675,000 |
615,367 |
4.22%,
05/01/29
(a)(b) |
1,050,000 |
978,610 |
2.60%,
02/07/30
(a) |
600,000 |
501,416 |
3.80%,
03/15/30
(a) |
700,000 |
629,698 |
1.99%,
01/27/32
(a)(b) |
800,000 |
609,923 |
2.62%,
04/22/32
(a)(b) |
600,000 |
478,812 |
2.38%,
07/21/32
(a)(b) |
1,100,000 |
854,121 |
2.65%,
10/21/32
(a)(b) |
900,000 |
711,019 |
6.13%,
02/15/33
|
200,000 |
208,808 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.10%,
02/24/33
(a)(b) |
1,200,000 |
980,144 |
6.45%,
05/01/36
|
200,000 |
209,081 |
6.75%,
10/01/37
|
1,550,000 |
1,652,278 |
4.02%,
10/31/38
(a)(b) |
700,000 |
576,338 |
4.41%,
04/23/39
(a)(b) |
500,000 |
432,232 |
6.25%,
02/01/41
|
750,000 |
783,711 |
3.21%,
04/22/42
(a)(b) |
600,000 |
432,467 |
2.91%,
07/21/42
(a)(b) |
500,000 |
341,817 |
3.44%,
02/24/43
(a)(b) |
500,000 |
369,441 |
4.80%,
07/08/44
(a) |
525,000 |
464,920 |
5.15%,
05/22/45
|
600,000 |
543,697 |
4.75%,
10/21/45
(a) |
550,000 |
484,626 |
HSBC
Bank USA NA | ||
5.63%,
08/15/35
|
250,000 |
239,144 |
7.00%,
01/15/39
|
200,000 |
217,133 |
HSBC
Holdings PLC | ||
4.25%,
03/14/24
|
500,000 |
491,684 |
3.80%,
03/11/25
(a)(b) |
850,000 |
829,051 |
0.98%,
05/24/25
(a)(b) |
200,000 |
185,133 |
4.25%,
08/18/25
|
550,000 |
529,763 |
2.63%,
11/07/25
(a)(b) |
500,000 |
471,455 |
4.18%,
12/09/25
(a)(b) |
400,000 |
388,523 |
4.30%,
03/08/26
|
1,000,000 |
968,241 |
3.00%,
03/10/26
(a)(b) |
400,000 |
376,331 |
1.65%,
04/18/26
(a)(b) |
500,000 |
452,066 |
3.90%,
05/25/26
|
700,000 |
668,431 |
2.10%,
06/04/26
(a)(b) |
650,000 |
592,817 |
4.29%,
09/12/26
(a)(b) |
950,000 |
912,204 |
7.34%,
11/03/26
(a)(b) |
500,000 |
520,605 |
4.38%,
11/23/26
|
550,000 |
529,968 |
1.59%,
05/24/27
(a)(b) |
600,000 |
517,902 |
2.25%,
11/22/27
(a)(b) |
400,000 |
347,379 |
4.04%,
03/13/28
(a)(b) |
800,000 |
739,348 |
4.76%,
06/09/28
(a)(b) |
600,000 |
568,844 |
5.21%,
08/11/28
(a)(b) |
600,000 |
578,826 |
2.01%,
09/22/28
(a)(b) |
650,000 |
543,365 |
4.58%,
06/19/29
(a)(b) |
950,000 |
876,101 |
2.21%,
08/17/29
(a)(b) |
650,000 |
526,307 |
4.95%,
03/31/30
|
700,000 |
669,857 |
3.97%,
05/22/30
(a)(b) |
900,000 |
788,669 |
2.85%,
06/04/31
(a)(b) |
250,000 |
200,127 |
2.36%,
08/18/31
(a)(b) |
500,000 |
383,708 |
2.80%,
05/24/32
(a)(b) |
1,050,000 |
812,734 |
2.87%,
11/22/32
(a)(b) |
600,000 |
460,824 |
4.76%,
03/29/33
(a)(b) |
400,000 |
347,072 |
5.40%,
08/11/33
(a)(b) |
700,000 |
651,694 |
8.11%,
11/03/33
(a)(b) |
400,000 |
424,670 |
6.50%,
05/02/36
|
650,000 |
642,446 |
6.50%,
09/15/37
|
550,000 |
542,787 |
6.80%,
06/01/38
|
500,000 |
496,915 |
6.10%,
01/14/42
|
75,000 |
78,455 |
5.25%,
03/14/44
|
595,000 |
503,913 |
HSBC
USA, Inc. | ||
3.75%,
05/24/24
|
250,000 |
245,597 |
3.50%,
06/23/24
|
200,000 |
194,917 |
Huntington
Bancshares, Inc. | ||
2.63%,
08/06/24
(a) |
250,000 |
240,237 |
4.00%,
05/15/25
(a) |
150,000 |
146,305 |
2.55%,
02/04/30
(a) |
250,000 |
206,298 |
2.49%,
08/15/36
(a)(b) |
350,000 |
254,390 |
Huntington
National Bank | ||
5.70%,
11/18/25
(a)(b) |
300,000 |
301,037 |
4.55%,
05/17/28
(a)(b) |
250,000 |
241,683 |
5.65%,
01/10/30
(a) |
250,000 |
251,879 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
ING
Groep N.V. | ||
3.55%,
04/09/24
|
200,000 |
195,758 |
3.87%,
03/28/26
(a)(b) |
400,000 |
384,363 |
3.95%,
03/29/27
|
500,000 |
473,152 |
1.73%,
04/01/27
(a)(b) |
300,000 |
264,689 |
4.02%,
03/28/28
(a)(b) |
400,000 |
373,885 |
4.55%,
10/02/28
|
250,000 |
238,931 |
4.05%,
04/09/29
|
255,000 |
235,296 |
2.73%,
04/01/32
(a)(b) |
250,000 |
199,500 |
4.25%,
03/28/33
(a)(b) |
300,000 |
265,465 |
Intesa
Sanpaolo S.p.A. | ||
5.25%,
01/12/24
|
200,000 |
198,354 |
JPMorgan
Chase & Co. | ||
3.88%,
02/01/24
|
470,000 |
465,223 |
3.63%,
05/13/24
|
500,000 |
491,676 |
3.88%,
09/10/24
|
800,000 |
783,884 |
3.13%,
01/23/25
(a) |
700,000 |
676,389 |
0.56%,
02/16/25
(a)(b) |
300,000 |
283,024 |
3.22%,
03/01/25
(a)(b) |
600,000 |
583,303 |
0.82%,
06/01/25
(a)(b) |
575,000 |
536,869 |
3.85%,
06/14/25
(a)(b) |
600,000 |
587,430 |
0.97%,
06/23/25
(a)(b) |
575,000 |
536,575 |
3.90%,
07/15/25
(a) |
750,000 |
734,253 |
7.75%,
07/15/25
|
100,000 |
107,293 |
0.77%,
08/09/25
(a)(b) |
250,000 |
230,826 |
2.30%,
10/15/25
(a)(b) |
550,000 |
518,448 |
1.56%,
12/10/25
(a)(b) |
100,000 |
92,643 |
5.55%,
12/15/25
(a)(b) |
500,000 |
500,131 |
2.60%,
02/24/26
(a)(b) |
400,000 |
376,450 |
2.01%,
03/13/26
(a)(b) |
700,000 |
648,547 |
3.30%,
04/01/26
(a) |
725,000 |
689,446 |
2.08%,
04/22/26
(a)(b) |
1,050,000 |
974,974 |
4.08%,
04/26/26
(a)(b) |
500,000 |
486,472 |
3.20%,
06/15/26
(a) |
599,000 |
566,580 |
2.95%,
10/01/26
(a) |
925,000 |
863,671 |
7.63%,
10/15/26
|
150,000 |
164,467 |
1.05%,
11/19/26
(a)(b) |
800,000 |
706,626 |
4.13%,
12/15/26
|
600,000 |
581,217 |
3.96%,
01/29/27
(a)(b) |
550,000 |
526,181 |
1.04%,
02/04/27
(a)(b) |
650,000 |
567,183 |
1.58%,
04/22/27
(a)(b) |
1,000,000 |
881,109 |
8.00%,
04/29/27
|
350,000 |
391,939 |
1.47%,
09/22/27
(a)(b) |
750,000 |
649,757 |
4.25%,
10/01/27
|
493,000 |
475,005 |
3.63%,
12/01/27
(a) |
300,000 |
278,929 |
3.78%,
02/01/28
(a)(b) |
800,000 |
749,141 |
2.95%,
02/24/28
(a)(b) |
500,000 |
453,319 |
4.32%,
04/26/28
(a)(b) |
500,000 |
477,078 |
3.54%,
05/01/28
(a)(b) |
900,000 |
830,438 |
2.18%,
06/01/28
(a)(b) |
500,000 |
437,263 |
4.85%,
07/25/28
(a)(b) |
1,000,000 |
977,392 |
3.51%,
01/23/29
(a)(b) |
750,000 |
681,398 |
4.01%,
04/23/29
(a)(b) |
750,000 |
695,314 |
2.07%,
06/01/29
(a)(b) |
750,000 |
627,454 |
4.20%,
07/23/29
(a)(b) |
900,000 |
840,123 |
4.45%,
12/05/29
(a)(b) |
750,000 |
706,527 |
3.70%,
05/06/30
(a)(b) |
900,000 |
807,678 |
8.75%,
09/01/30
|
200,000 |
232,512 |
2.74%,
10/15/30
(a)(b) |
1,000,000 |
840,417 |
4.49%,
03/24/31
(a)(b) |
1,000,000 |
937,249 |
2.52%,
04/22/31
(a)(b) |
950,000 |
778,579 |
2.96%,
05/13/31
(a)(b) |
900,000 |
743,033 |
1.76%,
11/19/31
(a)(b) |
500,000 |
379,966 |
1.95%,
02/04/32
(a)(b) |
900,000 |
690,957 |
2.58%,
04/22/32
(a)(b) |
1,100,000 |
882,342 |
2.55%,
11/08/32
(a)(b) |
750,000 |
593,458 |
2.96%,
01/25/33
(a)(b) |
800,000 |
652,100 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.59%,
04/26/33
(a)(b) |
500,000 |
463,964 |
4.91%,
07/25/33
(a)(b) |
1,000,000 |
952,408 |
5.72%,
09/14/33
(a)(b) |
500,000 |
492,068 |
6.40%,
05/15/38
|
750,000 |
813,433 |
3.88%,
07/24/38
(a)(b) |
900,000 |
748,943 |
5.50%,
10/15/40
|
350,000 |
349,452 |
3.11%,
04/22/41
(a)(b) |
450,000 |
328,134 |
5.60%,
07/15/41
|
500,000 |
502,352 |
2.53%,
11/19/41
(a)(b) |
500,000 |
328,779 |
5.40%,
01/06/42
|
350,000 |
345,370 |
3.16%,
04/22/42
(a)(b) |
650,000 |
472,873 |
5.63%,
08/16/43
|
400,000 |
391,049 |
4.85%,
02/01/44
|
300,000 |
277,422 |
4.95%,
06/01/45
|
400,000 |
360,052 |
4.26%,
02/22/48
(a)(b) |
375,000 |
308,778 |
4.03%,
07/24/48
(a)(b) |
500,000 |
397,544 |
3.96%,
11/15/48
(a)(b) |
1,000,000 |
784,163 |
3.90%,
01/23/49
(a)(b) |
550,000 |
427,315 |
3.11%,
04/22/51
(a)(b) |
750,000 |
499,544 |
3.33%,
04/22/52
(a)(b) |
1,100,000 |
757,613 |
KeyBank
NA | ||
3.30%,
06/01/25
|
450,000 |
433,277 |
4.39%,
12/14/27
|
250,000 |
240,583 |
6.95%,
02/01/28
|
200,000 |
210,825 |
3.90%,
04/13/29
|
250,000 |
224,359 |
KeyCorp | ||
4.15%,
10/29/25
|
100,000 |
97,689 |
2.25%,
04/06/27
|
400,000 |
356,674 |
4.10%,
04/30/28
|
400,000 |
381,277 |
2.55%,
10/01/29
|
350,000 |
295,523 |
4.79%,
06/01/33
(a)(b) |
250,000 |
237,092 |
Lloyds
Banking Group PLC | ||
3.90%,
03/12/24
|
350,000 |
343,618 |
4.50%,
11/04/24
|
300,000 |
293,347 |
4.45%,
05/08/25
|
400,000 |
392,489 |
3.87%,
07/09/25
(a)(b) |
400,000 |
388,061 |
4.58%,
12/10/25
|
200,000 |
193,566 |
2.44%,
02/05/26
(a)(b) |
250,000 |
232,626 |
3.51%,
03/18/26
(a)(b) |
300,000 |
285,334 |
4.65%,
03/24/26
|
750,000 |
717,897 |
4.72%,
08/11/26
(a)(b) |
250,000 |
244,559 |
3.75%,
01/11/27
|
400,000 |
372,520 |
1.63%,
05/11/27
(a)(b) |
300,000 |
259,814 |
3.75%,
03/18/28
(a)(b) |
300,000 |
276,740 |
4.38%,
03/22/28
|
600,000 |
569,480 |
4.55%,
08/16/28
|
200,000 |
187,687 |
3.57%,
11/07/28
(a)(b) |
750,000 |
675,948 |
7.95%,
11/15/33
(a)(b) |
200,000 |
212,396 |
5.30%,
12/01/45
|
250,000 |
215,326 |
3.37%,
12/14/46
(a)(b) |
250,000 |
163,536 |
4.34%,
01/09/48
|
300,000 |
221,547 |
M&T
Bank Corp. | ||
4.55%,
08/16/28
(a)(b) |
175,000 |
170,150 |
Manufacturers
& Traders Trust Co. | ||
2.90%,
02/06/25
(a) |
250,000 |
239,569 |
3.40%,
08/17/27
|
250,000 |
228,633 |
Mitsubishi
UFJ Financial Group, Inc. | ||
3.41%,
03/07/24
|
500,000 |
489,369 |
2.80%,
07/18/24
|
300,000 |
289,067 |
2.19%,
02/25/25
|
850,000 |
796,586 |
3.78%,
03/02/25
|
350,000 |
340,905 |
1.41%,
07/17/25
|
600,000 |
545,326 |
4.79%,
07/18/25
(a)(b) |
500,000 |
494,988 |
0.95%,
07/19/25
(a)(b) |
700,000 |
650,942 |
0.96%,
10/11/25
(a)(b) |
400,000 |
367,932 |
3.85%,
03/01/26
|
750,000 |
718,297 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.76%,
09/13/26
|
200,000 |
183,158 |
3.68%,
02/22/27
|
300,000 |
284,740 |
1.54%,
07/20/27
(a)(b) |
500,000 |
435,241 |
3.29%,
07/25/27
|
550,000 |
507,197 |
2.34%,
01/19/28
(a)(b) |
400,000 |
352,839 |
3.96%,
03/02/28
|
250,000 |
236,926 |
5.02%,
07/20/28
(a)(b) |
400,000 |
391,129 |
5.35%,
09/13/28
(a)(b) |
500,000 |
496,184 |
3.74%,
03/07/29
|
450,000 |
416,544 |
3.20%,
07/18/29
|
650,000 |
570,267 |
2.56%,
02/25/30
|
400,000 |
331,836 |
2.05%,
07/17/30
|
550,000 |
434,781 |
2.31%,
07/20/32
(a)(b) |
500,000 |
386,125 |
2.85%,
01/19/33
(a)(b) |
400,000 |
319,246 |
4.32%,
04/19/33
(a)(b) |
200,000 |
180,605 |
5.13%,
07/20/33
(a)(b) |
400,000 |
383,553 |
4.29%,
07/26/38
|
150,000 |
130,350 |
4.15%,
03/07/39
|
150,000 |
128,229 |
3.75%,
07/18/39
|
500,000 |
406,535 |
Mizuho
Financial Group, Inc. | ||
2.56%,
09/13/25
(a)(b) |
200,000 |
188,973 |
2.23%,
05/25/26
(a)(b) |
400,000 |
368,528 |
2.84%,
09/13/26
|
250,000 |
227,909 |
3.66%,
02/28/27
|
300,000 |
279,267 |
1.23%,
05/22/27
(a)(b) |
250,000 |
216,981 |
1.55%,
07/09/27
(a)(b) |
250,000 |
218,056 |
3.17%,
09/11/27
|
700,000 |
641,533 |
4.02%,
03/05/28
|
300,000 |
283,611 |
4.25%,
09/11/29
(a)(b) |
550,000 |
509,754 |
3.15%,
07/16/30
(a)(b) |
250,000 |
214,230 |
2.87%,
09/13/30
(a)(b) |
200,000 |
167,418 |
2.59%,
05/25/31
(a)(b) |
250,000 |
202,233 |
2.20%,
07/10/31
(a)(b) |
250,000 |
195,744 |
1.98%,
09/08/31
(a)(b) |
400,000 |
306,317 |
2.56%,
09/13/31
|
200,000 |
153,564 |
2.26%,
07/09/32
(a)(b) |
250,000 |
191,520 |
Morgan
Stanley | ||
3.88%,
04/29/24
|
850,000 |
837,181 |
3.70%,
10/23/24
|
850,000 |
830,759 |
0.79%,
01/22/25
(a)(b) |
250,000 |
236,898 |
3.62%,
04/17/25
(a)(b) |
600,000 |
586,082 |
0.79%,
05/30/25
(a)(b) |
900,000 |
839,039 |
2.72%,
07/22/25
(a)(b) |
490,000 |
469,308 |
4.00%,
07/23/25
|
800,000 |
782,291 |
0.86%,
10/21/25
(a)(b) |
300,000 |
275,836 |
1.16%,
10/21/25
(a)(b) |
500,000 |
460,790 |
5.00%,
11/24/25
|
600,000 |
598,725 |
3.88%,
01/27/26
|
850,000 |
823,580 |
2.63%,
02/18/26
(a)(b) |
500,000 |
470,181 |
2.19%,
04/28/26
(a)(b) |
750,000 |
696,713 |
4.68%,
07/17/26
(a)(b) |
600,000 |
590,841 |
3.13%,
07/27/26
|
850,000 |
793,757 |
6.25%,
08/09/26
|
200,000 |
208,832 |
4.35%,
09/08/26
|
550,000 |
534,835 |
6.14%,
10/16/26
(a)(b) |
500,000 |
511,846 |
0.99%,
12/10/26
(a)(b) |
700,000 |
614,649 |
3.63%,
01/20/27
|
900,000 |
850,571 |
3.95%,
04/23/27
|
650,000 |
615,405 |
1.59%,
05/04/27
(a)(b) |
750,000 |
658,868 |
1.51%,
07/20/27
(a)(b) |
750,000 |
652,258 |
2.48%,
01/21/28
(a)(b) |
750,000 |
666,704 |
4.21%,
04/20/28
(a)(b) |
750,000 |
713,595 |
3.59%,
07/22/28
(a)(b) |
900,000 |
827,992 |
6.30%,
10/18/28
(a)(b) |
500,000 |
515,757 |
3.77%,
01/24/29
(a)(b) |
850,000 |
779,668 |
4.43%,
01/23/30
(a)(b) |
950,000 |
888,061 |
2.70%,
01/22/31
(a)(b) |
1,150,000 |
953,002 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.62%,
04/01/31
(a)(b) |
900,000 |
788,160 |
1.79%,
02/13/32
(a)(b) |
700,000 |
526,077 |
7.25%,
04/01/32
|
400,000 |
450,163 |
1.93%,
04/28/32
(a)(b) |
600,000 |
454,121 |
2.24%,
07/21/32
(a)(b) |
1,100,000 |
843,845 |
2.51%,
10/20/32
(a)(b) |
750,000 |
586,898 |
2.94%,
01/21/33
(a)(b) |
750,000 |
608,901 |
4.89%,
07/20/33
(a)(b) |
500,000 |
470,575 |
6.34%,
10/18/33
(a)(b) |
500,000 |
523,631 |
2.48%,
09/16/36
(a)(b) |
900,000 |
657,321 |
5.30%,
04/20/37
(a)(b) |
400,000 |
366,471 |
3.97%,
07/22/38
(a)(b) |
650,000 |
546,437 |
4.46%,
04/22/39
(a)(b) |
250,000 |
220,362 |
3.22%,
04/22/42
(a)(b) |
700,000 |
517,504 |
6.38%,
07/24/42
|
600,000 |
654,141 |
4.30%,
01/27/45
|
500,000 |
425,855 |
4.38%,
01/22/47
|
750,000 |
639,661 |
5.60%,
03/24/51
(a)(b) |
500,000 |
500,243 |
2.80%,
01/25/52
(a)(b) |
675,000 |
420,672 |
National
Australia Bank Ltd. | ||
3.50%,
06/09/25
|
250,000 |
242,692 |
3.38%,
01/14/26
|
350,000 |
334,932 |
2.50%,
07/12/26
|
250,000 |
230,545 |
3.91%,
06/09/27
|
500,000 |
479,904 |
National
Bank of Canada | ||
3.75%,
06/09/25
(a)(b) |
250,000 |
243,339 |
Natwest
Group PLC | ||
5.13%,
05/28/24
|
400,000 |
398,868 |
4.27%,
03/22/25
(a)(b) |
600,000 |
586,398 |
4.80%,
04/05/26
|
600,000 |
587,144 |
7.47%,
11/10/26
(a)(b) |
200,000 |
208,440 |
1.64%,
06/14/27
(a)(b) |
250,000 |
216,970 |
3.07%,
05/22/28
(a)(b) |
300,000 |
268,377 |
5.52%,
09/30/28
(a)(b) |
300,000 |
297,322 |
4.89%,
05/18/29
(a)(b) |
550,000 |
519,174 |
3.75%,
11/01/29
(a)(b) |
200,000 |
185,922 |
5.08%,
01/27/30
(a)(b) |
550,000 |
518,816 |
4.45%,
05/08/30
(a)(b) |
300,000 |
272,850 |
3.03%,
11/28/35
(a)(b) |
250,000 |
185,003 |
Northern
Trust Corp. | ||
3.95%,
10/30/25
|
350,000 |
343,125 |
4.00%,
05/10/27
(a) |
150,000 |
146,796 |
3.65%,
08/03/28
(a) |
250,000 |
238,175 |
3.15%,
05/03/29
(a) |
150,000 |
136,380 |
1.95%,
05/01/30
(a) |
250,000 |
205,905 |
3.38%,
05/08/32
(a)(b) |
350,000 |
319,035 |
PNC
Bank NA | ||
2.50%,
08/27/24
(a) |
250,000 |
240,033 |
3.30%,
10/30/24
(a) |
475,000 |
462,596 |
3.88%,
04/10/25
(a) |
250,000 |
243,308 |
3.25%,
06/01/25
(a) |
500,000 |
482,536 |
3.10%,
10/25/27
(a) |
300,000 |
281,288 |
3.25%,
01/22/28
(a) |
250,000 |
234,017 |
4.05%,
07/26/28
|
550,000 |
519,621 |
2.70%,
10/22/29
|
425,000 |
359,797 |
PNC
Financial Services Group, Inc. | ||
3.50%,
01/23/24
(a) |
350,000 |
344,762 |
3.90%,
04/29/24
(a) |
100,000 |
98,847 |
2.20%,
11/01/24
(a) |
200,000 |
191,348 |
2.60%,
07/23/26
(a) |
300,000 |
278,242 |
3.15%,
05/19/27
(a) |
100,000 |
93,493 |
3.45%,
04/23/29
(a) |
500,000 |
458,737 |
2.55%,
01/22/30
(a) |
700,000 |
595,661 |
2.31%,
04/23/32
(a)(b) |
300,000 |
243,531 |
6.04%,
10/28/33
(a)(b) |
500,000 |
523,369 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Regions
Bank | ||
6.45%,
06/26/37
|
250,000 |
260,783 |
Regions
Financial Corp. | ||
2.25%,
05/18/25
(a) |
250,000 |
234,001 |
1.80%,
08/12/28
(a) |
250,000 |
212,613 |
Royal
Bank of Canada | ||
0.43%,
01/19/24
|
550,000 |
525,467 |
2.55%,
07/16/24
|
500,000 |
482,591 |
3.97%,
07/26/24
|
500,000 |
493,336 |
0.75%,
10/07/24
|
200,000 |
186,153 |
2.25%,
11/01/24
|
750,000 |
715,607 |
1.60%,
01/21/25
|
200,000 |
187,093 |
3.38%,
04/14/25
|
600,000 |
581,371 |
1.15%,
06/10/25
|
200,000 |
183,304 |
0.88%,
01/20/26
|
650,000 |
578,441 |
4.65%,
01/27/26
|
450,000 |
444,668 |
1.20%,
04/27/26
|
350,000 |
311,760 |
1.15%,
07/14/26
|
300,000 |
264,765 |
1.40%,
11/02/26
|
200,000 |
176,000 |
3.63%,
05/04/27
|
400,000 |
381,197 |
6.00%,
11/01/27
|
500,000 |
520,933 |
2.30%,
11/03/31
|
500,000 |
401,817 |
3.88%,
05/04/32
|
250,000 |
228,421 |
Santander
Holdings USA, Inc. | ||
3.50%,
06/07/24
(a) |
250,000 |
243,061 |
3.45%,
06/02/25
(a) |
250,000 |
238,141 |
4.50%,
07/17/25
(a) |
600,000 |
588,876 |
5.81%,
09/09/26
(a)(b) |
100,000 |
99,460 |
3.24%,
10/05/26
(a)(c) |
350,000 |
325,215 |
4.40%,
07/13/27
(a) |
450,000 |
430,079 |
Santander
UK Group Holdings PLC | ||
1.09%,
03/15/25
(a)(b) |
500,000 |
468,562 |
1.53%,
08/21/26
(a)(b) |
400,000 |
352,565 |
1.67%,
06/14/27
(a)(b) |
200,000 |
169,885 |
2.47%,
01/11/28
(a)(b) |
200,000 |
171,268 |
3.82%,
11/03/28
(a)(b) |
350,000 |
312,887 |
2.90%,
03/15/32
(a)(b) |
200,000 |
154,883 |
Santander
UK PLC | ||
4.00%,
03/13/24
|
400,000 |
395,333 |
2.88%,
06/18/24
|
100,000 |
96,558 |
Signature
Bank | ||
4.00%,
10/15/30
(a)(b) |
225,000 |
206,310 |
State
Street Corp. | ||
3.30%,
12/16/24
|
400,000 |
390,307 |
3.55%,
08/18/25
|
571,000 |
556,279 |
2.35%,
11/01/25
(a)(b) |
450,000 |
429,414 |
2.90%,
03/30/26
(a)(b) |
100,000 |
95,317 |
2.65%,
05/19/26
|
250,000 |
235,468 |
4.14%,
12/03/29
(a)(b) |
300,000 |
284,376 |
2.40%,
01/24/30
|
250,000 |
212,816 |
2.20%,
03/03/31
|
200,000 |
160,310 |
3.15%,
03/30/31
(a)(b) |
200,000 |
176,067 |
2.62%,
02/07/33
(a)(b) |
150,000 |
122,865 |
4.42%,
05/13/33
(a)(b) |
200,000 |
189,011 |
3.03%,
11/01/34
(a)(b) |
100,000 |
84,445 |
Sumitomo
Mitsui Banking Corp. | ||
3.95%,
01/10/24
|
250,000 |
246,711 |
3.40%,
07/11/24
|
400,000 |
388,629 |
3.65%,
07/23/25
|
250,000 |
240,551 |
Sumitomo
Mitsui Financial Group, Inc. | ||
2.70%,
07/16/24
|
400,000 |
384,075 |
2.45%,
09/27/24
|
350,000 |
332,847 |
2.35%,
01/15/25
|
250,000 |
236,637 |
1.47%,
07/08/25
|
750,000 |
684,021 |
3.78%,
03/09/26
|
550,000 |
531,424 |
2.63%,
07/14/26
|
700,000 |
641,955 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.40%,
09/17/26
|
500,000 |
435,334 |
3.01%,
10/19/26
|
400,000 |
371,775 |
3.45%,
01/11/27
|
300,000 |
280,689 |
2.17%,
01/14/27
|
200,000 |
177,423 |
3.36%,
07/12/27
|
600,000 |
554,656 |
3.54%,
01/17/28
|
300,000 |
278,866 |
3.94%,
07/19/28
|
150,000 |
141,354 |
1.90%,
09/17/28
|
700,000 |
579,007 |
4.31%,
10/16/28
|
250,000 |
235,606 |
3.04%,
07/16/29
|
750,000 |
651,046 |
3.20%,
09/17/29
|
50,000 |
43,323 |
2.72%,
09/27/29
|
200,000 |
168,829 |
2.75%,
01/15/30
|
450,000 |
378,070 |
2.13%,
07/08/30
|
450,000 |
357,295 |
2.14%,
09/23/30
|
350,000 |
270,685 |
2.22%,
09/17/31
|
350,000 |
270,600 |
2.93%,
09/17/41
|
250,000 |
167,525 |
SVB
Financial Group | ||
3.50%,
01/29/25
|
100,000 |
96,246 |
3.13%,
06/05/30
(a) |
250,000 |
206,018 |
1.80%,
02/02/31
(a) |
350,000 |
255,039 |
4.57%,
04/29/33
(a)(b) |
250,000 |
220,909 |
Synchrony
Bank | ||
5.40%,
08/22/25
(a) |
250,000 |
247,315 |
Synchrony
Financial | ||
4.38%,
03/19/24
(a) |
158,000 |
155,227 |
4.25%,
08/15/24
(a) |
250,000 |
244,654 |
3.70%,
08/04/26
(a) |
450,000 |
416,036 |
3.95%,
12/01/27
(a) |
450,000 |
402,137 |
5.15%,
03/19/29
(a) |
450,000 |
426,242 |
Toronto-Dominion
Bank | ||
0.55%,
03/04/24
|
150,000 |
142,646 |
3.25%,
03/11/24
|
400,000 |
391,603 |
2.65%,
06/12/24
|
500,000 |
484,323 |
0.70%,
09/10/24
|
300,000 |
279,319 |
1.45%,
01/10/25
|
200,000 |
186,440 |
3.77%,
06/06/25
|
400,000 |
388,455 |
1.15%,
06/12/25
|
500,000 |
456,055 |
0.75%,
09/11/25
|
525,000 |
470,028 |
0.75%,
01/06/26
|
375,000 |
332,177 |
1.20%,
06/03/26
|
500,000 |
441,400 |
1.25%,
09/10/26
|
500,000 |
437,599 |
1.95%,
01/12/27
|
250,000 |
223,646 |
2.80%,
03/10/27
|
350,000 |
321,035 |
4.11%,
06/08/27
(d) |
500,000 |
483,346 |
4.69%,
09/15/27
|
500,000 |
494,631 |
2.00%,
09/10/31
|
200,000 |
157,660 |
3.63%,
09/15/31
(a)(b) |
500,000 |
461,343 |
3.20%,
03/10/32
|
450,000 |
388,664 |
4.46%,
06/08/32
|
600,000 |
571,611 |
Truist
Bank | ||
3.20%,
04/01/24
(a) |
350,000 |
342,176 |
1.50%,
03/10/25
(a) |
400,000 |
371,541 |
3.63%,
09/16/25
(a) |
500,000 |
481,225 |
4.05%,
11/03/25
(a) |
350,000 |
344,563 |
3.30%,
05/15/26
(a) |
150,000 |
141,378 |
3.80%,
10/30/26
(a) |
250,000 |
237,344 |
2.25%,
03/11/30
(a) |
600,000 |
485,683 |
Truist
Financial Corp. | ||
2.50%,
08/01/24
(a) |
160,000 |
153,724 |
2.85%,
10/26/24
(a) |
100,000 |
96,521 |
4.00%,
05/01/25
(a) |
300,000 |
294,038 |
3.70%,
06/05/25
(a) |
230,000 |
223,768 |
1.20%,
08/05/25
(a) |
400,000 |
366,548 |
4.26%,
07/28/26
(a)(b) |
400,000 |
393,824 |
1.27%,
03/02/27
(a)(b) |
300,000 |
266,913 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.13%,
08/03/27
(a) |
600,000 |
506,895 |
4.12%,
06/06/28
(a)(b) |
300,000 |
287,748 |
3.88%,
03/19/29
(a) |
200,000 |
184,618 |
1.89%,
06/07/29
(a)(b) |
350,000 |
295,311 |
1.95%,
06/05/30
(a) |
75,000 |
60,432 |
4.92%,
07/28/33
(a)(b) |
300,000 |
282,238 |
US
Bancorp | ||
3.70%,
01/30/24
(a) |
250,000 |
246,980 |
3.38%,
02/05/24
(a) |
450,000 |
442,352 |
2.40%,
07/30/24
(a) |
400,000 |
384,815 |
3.60%,
09/11/24
(a) |
300,000 |
294,130 |
1.45%,
05/12/25
(a) |
500,000 |
464,186 |
3.95%,
11/17/25
(a) |
300,000 |
293,989 |
3.10%,
04/27/26
(a) |
100,000 |
94,652 |
2.38%,
07/22/26
(a) |
400,000 |
369,761 |
5.73%,
10/21/26
(a)(b) |
400,000 |
408,100 |
3.15%,
04/27/27
(a) |
400,000 |
376,312 |
3.90%,
04/26/28
(a) |
450,000 |
432,144 |
4.55%,
07/22/28
(a)(b) |
500,000 |
490,172 |
1.38%,
07/22/30
(a) |
450,000 |
349,565 |
2.68%,
01/27/33
(a)(b) |
250,000 |
206,678 |
4.97%,
07/22/33
(a)(b) |
400,000 |
380,977 |
5.85%,
10/21/33
(a)(b) |
400,000 |
416,599 |
2.49%,
11/03/36
(a)(b) |
400,000 |
305,542 |
US
Bank NA | ||
2.05%,
01/21/25
(a) |
300,000 |
284,594 |
2.80%,
01/27/25
(a) |
250,000 |
241,176 |
Valley
National Bancorp | ||
3.00%,
06/15/31
(a)(b) |
150,000 |
131,972 |
Wachovia
Corp. | ||
7.57%,
08/01/26
|
200,000 |
215,861 |
5.50%,
08/01/35
|
200,000 |
195,232 |
Webster
Financial Corp. | ||
4.10%,
03/25/29
(a) |
150,000 |
136,602 |
Wells
Fargo & Co. | ||
4.48%,
01/16/24
|
200,000 |
198,836 |
3.75%,
01/24/24
(a) |
800,000 |
790,781 |
3.30%,
09/09/24
|
550,000 |
534,600 |
3.00%,
02/19/25
|
700,000 |
671,174 |
3.55%,
09/29/25
|
750,000 |
721,786 |
2.41%,
10/30/25
(a)(b) |
900,000 |
853,008 |
2.16%,
02/11/26
(a)(b) |
1,000,000 |
933,563 |
3.00%,
04/22/26
|
1,050,000 |
982,942 |
3.91%,
04/25/26
(a)(b) |
800,000 |
778,256 |
2.19%,
04/30/26
(a)(b) |
1,000,000 |
931,182 |
4.10%,
06/03/26
|
600,000 |
580,660 |
4.54%,
08/15/26
(a)(b) |
300,000 |
294,406 |
3.00%,
10/23/26
|
1,000,000 |
925,457 |
3.20%,
06/17/27
(a)(b) |
750,000 |
697,407 |
4.30%,
07/22/27
|
800,000 |
771,150 |
3.53%,
03/24/28
(a)(b) |
1,075,000 |
997,726 |
3.58%,
05/22/28
(a)(b) |
950,000 |
881,115 |
2.39%,
06/02/28
(a)(b) |
750,000 |
662,536 |
4.81%,
07/25/28
(a)(b) |
750,000 |
731,769 |
4.15%,
01/24/29
(a) |
750,000 |
706,050 |
7.95%,
11/15/29
|
100,000 |
109,674 |
2.88%,
10/30/30
(a)(b) |
1,025,000 |
873,273 |
2.57%,
02/11/31
(a)(b) |
900,000 |
746,568 |
4.48%,
04/04/31
(a)(b) |
700,000 |
656,553 |
3.35%,
03/02/33
(a)(b) |
1,000,000 |
843,508 |
4.90%,
07/25/33
(a)(b) |
1,000,000 |
949,264 |
5.38%,
02/07/35
|
100,000 |
98,800 |
5.95%,
12/15/36
|
175,000 |
169,969 |
3.07%,
04/30/41
(a)(b) |
1,150,000 |
822,508 |
5.38%,
11/02/43
|
600,000 |
561,651 |
5.61%,
01/15/44
|
700,000 |
682,028 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.65%,
11/04/44
|
600,000 |
508,561 |
3.90%,
05/01/45
|
600,000 |
462,627 |
4.90%,
11/17/45
|
400,000 |
347,003 |
4.40%,
06/14/46
|
550,000 |
440,256 |
4.75%,
12/07/46
|
600,000 |
503,912 |
5.01%,
04/04/51
(a)(b) |
1,550,000 |
1,380,306 |
4.61%,
04/25/53
(a)(b) |
850,000 |
722,850 |
Wells
Fargo Bank NA | ||
5.95%,
08/26/36
|
275,000 |
277,706 |
5.85%,
02/01/37
|
350,000 |
353,244 |
6.60%,
01/15/38
|
200,000 |
217,327 |
Western
Alliance Bancorp | ||
3.00%,
06/15/31
(a)(b) |
200,000 |
170,498 |
Westpac
Banking Corp. | ||
3.30%,
02/26/24
|
250,000 |
245,771 |
5.35%,
10/18/24
|
350,000 |
352,662 |
1.02%,
11/18/24
|
300,000 |
279,309 |
2.35%,
02/19/25
|
400,000 |
379,748 |
2.85%,
05/13/26
|
500,000 |
468,865 |
1.15%,
06/03/26
|
400,000 |
354,070 |
2.70%,
08/19/26
|
550,000 |
511,003 |
3.35%,
03/08/27
|
400,000 |
377,285 |
5.46%,
11/18/27
|
350,000 |
358,137 |
3.40%,
01/25/28
|
300,000 |
281,338 |
1.95%,
11/20/28
|
150,000 |
127,993 |
2.65%,
01/16/30
|
250,000 |
217,429 |
2.89%,
02/04/30
(a)(b) |
400,000 |
367,104 |
2.15%,
06/03/31
|
375,000 |
311,823 |
4.32%,
11/23/31
(a)(b) |
550,000 |
515,972 |
5.41%,
08/10/33
(a)(b) |
250,000 |
234,318 |
4.11%,
07/24/34
(a)(b) |
400,000 |
343,442 |
2.67%,
11/15/35
(a)(b) |
300,000 |
223,140 |
3.02%,
11/18/36
(a)(b) |
250,000 |
185,805 |
4.42%,
07/24/39
|
400,000 |
331,526 |
2.96%,
11/16/40
|
400,000 |
264,962 |
3.13%,
11/18/41
|
300,000 |
198,661 |
Zions
Bancorp NA | ||
3.25%,
10/29/29
(a) |
300,000 |
246,265 |
|
|
388,469,955 |
Brokerage/Asset
Managers/Exchanges 0.3%
| ||
Affiliated
Managers Group, Inc. | ||
4.25%,
02/15/24
|
125,000 |
123,638 |
3.30%,
06/15/30
(a) |
200,000 |
168,083 |
Ameriprise
Financial, Inc. | ||
3.70%,
10/15/24
|
275,000 |
268,279 |
3.00%,
04/02/25
(a) |
150,000 |
143,799 |
2.88%,
09/15/26
(a) |
150,000 |
139,627 |
BGC
Partners, Inc. | ||
3.75%,
10/01/24
(a) |
50,000 |
47,851 |
BlackRock,
Inc. | ||
3.50%,
03/18/24
|
200,000 |
196,931 |
3.20%,
03/15/27
|
225,000 |
213,437 |
3.25%,
04/30/29
(a) |
500,000 |
462,899 |
2.40%,
04/30/30
(a) |
300,000 |
256,543 |
1.90%,
01/28/31
(a) |
500,000 |
405,339 |
Brookfield
Corp. | ||
4.00%,
01/15/25
(a) |
150,000 |
146,781 |
Brookfield
Finance I UK PLC | ||
2.34%,
01/30/32
(a) |
100,000 |
76,263 |
Brookfield
Finance LLC | ||
3.45%,
04/15/50
(a) |
200,000 |
127,779 |
Brookfield
Finance, Inc. | ||
4.00%,
04/01/24
(a) |
250,000 |
245,921 |
3.90%,
01/25/28
(a) |
450,000 |
414,934 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.85%,
03/29/29
(a) |
350,000 |
335,093 |
4.35%,
04/15/30
(a) |
250,000 |
227,554 |
4.70%,
09/20/47
(a) |
300,000 |
241,210 |
3.50%,
03/30/51
(a) |
200,000 |
128,510 |
3.63%,
02/15/52
(a) |
175,000 |
114,915 |
Cboe
Global Markets, Inc. | ||
3.65%,
01/12/27
(a) |
250,000 |
239,442 |
1.63%,
12/15/30
(a) |
50,000 |
39,025 |
3.00%,
03/16/32
(a) |
100,000 |
83,675 |
CI
Financial Corp. | ||
3.20%,
12/17/30
(a) |
275,000 |
209,555 |
4.10%,
06/15/51
(a) |
275,000 |
164,076 |
CME
Group, Inc. | ||
3.00%,
03/15/25
(a) |
200,000 |
193,683 |
3.75%,
06/15/28
(a) |
200,000 |
193,229 |
5.30%,
09/15/43
(a) |
300,000 |
310,090 |
4.15%,
06/15/48
(a) |
250,000 |
224,555 |
E*TRADE
Financial Corp. | ||
3.80%,
08/24/27
(a) |
100,000 |
95,131 |
4.50%,
06/20/28
(a) |
150,000 |
146,530 |
Eaton
Vance Corp. | ||
3.50%,
04/06/27
(a) |
123,000 |
114,830 |
Franklin
Resources, Inc. | ||
2.85%,
03/30/25
|
125,000 |
119,221 |
1.60%,
10/30/30
(a) |
250,000 |
192,796 |
2.95%,
08/12/51
(a) |
100,000 |
62,585 |
Intercontinental
Exchange, Inc. | ||
3.65%,
05/23/25
(a) |
350,000 |
342,823 |
3.75%,
12/01/25
(a) |
250,000 |
243,569 |
3.10%,
09/15/27
(a) |
200,000 |
185,982 |
4.00%,
09/15/27
(a) |
450,000 |
435,063 |
3.75%,
09/21/28
(a) |
200,000 |
189,418 |
4.35%,
06/15/29
(a) |
300,000 |
290,612 |
2.10%,
06/15/30
(a) |
350,000 |
286,244 |
1.85%,
09/15/32
(a) |
500,000 |
376,757 |
4.60%,
03/15/33
(a) |
425,000 |
408,041 |
2.65%,
09/15/40
(a) |
350,000 |
243,571 |
4.25%,
09/21/48
(a) |
275,000 |
231,178 |
3.00%,
06/15/50
(a) |
375,000 |
251,978 |
4.95%,
06/15/52
(a) |
400,000 |
371,457 |
3.00%,
09/15/60
(a) |
450,000 |
280,938 |
5.20%,
06/15/62
(a) |
300,000 |
284,698 |
Invesco
Finance PLC | ||
4.00%,
01/30/24
|
50,000 |
49,626 |
3.75%,
01/15/26
|
275,000 |
264,500 |
5.38%,
11/30/43
|
100,000 |
93,449 |
Janus
Capital Group, Inc. | ||
4.88%,
08/01/25
(a) |
150,000 |
147,934 |
Jefferies
Financial Group, Inc. | ||
4.85%,
01/15/27
|
200,000 |
197,433 |
4.15%,
01/23/30
|
300,000 |
268,438 |
2.63%,
10/15/31
(a) |
300,000 |
230,670 |
2.75%,
10/15/32
(a) |
150,000 |
113,170 |
Jefferies
Group LLC | ||
6.45%,
06/08/27
|
100,000 |
104,138 |
6.25%,
01/15/36
|
150,000 |
152,669 |
6.50%,
01/20/43
|
75,000 |
73,503 |
Lazard
Group LLC | ||
3.75%,
02/13/25
|
50,000 |
48,344 |
3.63%,
03/01/27
(a) |
100,000 |
92,978 |
4.50%,
09/19/28
(a) |
100,000 |
92,952 |
4.38%,
03/11/29
(a) |
250,000 |
231,472 |
Legg
Mason, Inc. | ||
4.75%,
03/15/26
|
150,000 |
150,746 |
5.63%,
01/15/44
|
176,000 |
173,196 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Nasdaq,
Inc. | ||
3.85%,
06/30/26
(a) |
150,000 |
145,042 |
2.50%,
12/21/40
(a) |
350,000 |
227,588 |
3.25%,
04/28/50
(a) |
225,000 |
152,151 |
Nomura
Holdings, Inc. | ||
2.65%,
01/16/25
|
500,000 |
472,707 |
1.85%,
07/16/25
|
500,000 |
456,069 |
1.65%,
07/14/26
|
500,000 |
436,586 |
2.33%,
01/22/27
|
400,000 |
351,167 |
2.17%,
07/14/28
|
400,000 |
331,001 |
3.10%,
01/16/30
|
500,000 |
416,729 |
2.68%,
07/16/30
|
350,000 |
280,757 |
2.61%,
07/14/31
|
200,000 |
154,684 |
3.00%,
01/22/32
|
200,000 |
157,764 |
Raymond
James Financial, Inc. | ||
4.65%,
04/01/30
(a) |
200,000 |
193,008 |
4.95%,
07/15/46
|
200,000 |
179,798 |
3.75%,
04/01/51
(a) |
200,000 |
146,062 |
Stifel
Financial Corp. | ||
4.25%,
07/18/24
|
100,000 |
98,143 |
4.00%,
05/15/30
(a) |
200,000 |
173,906 |
The
Charles Schwab Corp. | ||
3.55%,
02/01/24
(a)(e) |
125,000 |
123,351 |
0.75%,
03/18/24
(a)(e) |
400,000 |
380,421 |
3.75%,
04/01/24
(a)(e) |
80,000 |
78,848 |
3.00%,
03/10/25
(a)(e) |
75,000 |
72,189 |
4.20%,
03/24/25
(a)(e) |
150,000 |
148,416 |
3.63%,
04/01/25
(a)(e) |
100,000 |
97,517 |
3.85%,
05/21/25
(a)(e) |
200,000 |
195,396 |
3.45%,
02/13/26
(a)(e) |
75,000 |
72,709 |
0.90%,
03/11/26
(a)(e) |
325,000 |
288,169 |
1.15%,
05/13/26
(a)(e) |
250,000 |
222,469 |
3.20%,
03/02/27
(a)(e) |
175,000 |
164,842 |
2.45%,
03/03/27
(a)(e) |
400,000 |
366,072 |
3.30%,
04/01/27
(a)(e) |
175,000 |
166,021 |
3.20%,
01/25/28
(a)(e) |
175,000 |
163,390 |
2.00%,
03/20/28
(a)(e) |
325,000 |
285,768 |
4.00%,
02/01/29
(a)(e) |
150,000 |
142,884 |
3.25%,
05/22/29
(a)(e) |
150,000 |
136,225 |
2.75%,
10/01/29
(a)(e) |
125,000 |
109,189 |
4.63%,
03/22/30
(a)(e) |
125,000 |
122,891 |
1.65%,
03/11/31
(a)(e) |
200,000 |
155,971 |
2.30%,
05/13/31
(a)(e) |
200,000 |
163,819 |
1.95%,
12/01/31
(a)(e) |
225,000 |
176,691 |
2.90%,
03/03/32
(a)(e) |
250,000 |
212,768 |
|
|
22,200,534 |
Finance
Companies 0.3%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.88%,
01/16/24
(a) |
250,000 |
247,784 |
3.15%,
02/15/24
(a) |
200,000 |
194,200 |
2.88%,
08/14/24
(a) |
150,000 |
142,185 |
1.65%,
10/29/24
(a) |
850,000 |
785,412 |
1.75%,
10/29/24
(a) |
350,000 |
323,013 |
3.50%,
01/15/25
(a) |
300,000 |
286,802 |
6.50%,
07/15/25
(a) |
350,000 |
355,688 |
4.45%,
10/01/25
(a) |
150,000 |
144,775 |
1.75%,
01/30/26
(a) |
300,000 |
264,564 |
4.45%,
04/03/26
(a) |
350,000 |
336,504 |
2.45%,
10/29/26
(a) |
750,000 |
656,848 |
3.65%,
07/21/27
(a) |
300,000 |
272,450 |
4.63%,
10/15/27
(a) |
150,000 |
139,817 |
3.88%,
01/23/28
(a) |
200,000 |
180,721 |
3.00%,
10/29/28
(a) |
1,000,000 |
840,644 |
3.30%,
01/30/32
(a) |
1,175,000 |
919,087 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.40%,
10/29/33
(a) |
400,000 |
304,498 |
3.85%,
10/29/41
(a) |
450,000 |
318,032 |
Air
Lease Corp. | ||
0.70%,
02/15/24
(a) |
250,000 |
236,366 |
4.25%,
09/15/24
(a) |
400,000 |
391,751 |
2.30%,
02/01/25
(a) |
250,000 |
233,370 |
3.25%,
03/01/25
(a) |
200,000 |
190,092 |
3.38%,
07/01/25
(a) |
100,000 |
94,413 |
2.88%,
01/15/26
(a) |
200,000 |
185,318 |
3.75%,
06/01/26
(a) |
250,000 |
234,627 |
1.88%,
08/15/26
(a) |
200,000 |
174,399 |
3.63%,
04/01/27
(a) |
300,000 |
274,017 |
3.63%,
12/01/27
(a) |
249,000 |
225,603 |
2.10%,
09/01/28
(a) |
200,000 |
163,590 |
4.63%,
10/01/28
(a) |
200,000 |
187,574 |
3.25%,
10/01/29
(a) |
250,000 |
213,493 |
3.00%,
02/01/30
(a) |
250,000 |
209,394 |
3.13%,
12/01/30
(a) |
100,000 |
83,019 |
2.88%,
01/15/32
(a) |
250,000 |
199,625 |
Aircastle
Ltd. | ||
4.13%,
05/01/24
(a) |
250,000 |
242,211 |
4.25%,
06/15/26
(a) |
200,000 |
188,581 |
Ares
Capital Corp. | ||
4.20%,
06/10/24
(a) |
300,000 |
290,251 |
4.25%,
03/01/25
(a) |
100,000 |
95,061 |
3.25%,
07/15/25
(a) |
350,000 |
323,083 |
3.88%,
01/15/26
(a) |
400,000 |
367,939 |
2.15%,
07/15/26
(a) |
300,000 |
254,762 |
2.88%,
06/15/27
(a) |
150,000 |
127,878 |
2.88%,
06/15/28
(a) |
350,000 |
281,898 |
3.20%,
11/15/31
(a) |
250,000 |
184,122 |
Bain
Capital Specialty Finance, Inc. | ||
2.95%,
03/10/26
(a) |
200,000 |
173,323 |
Blackstone
Private Credit Fund | ||
2.35%,
11/22/24
|
150,000 |
137,425 |
2.70%,
01/15/25
(a) |
200,000 |
184,434 |
4.70%,
03/24/25
|
200,000 |
192,365 |
2.63%,
12/15/26
(a) |
300,000 |
248,944 |
3.25%,
03/15/27
(a) |
400,000 |
337,669 |
4.00%,
01/15/29
(a) |
300,000 |
248,143 |
Blackstone
Secured Lending Fund | ||
3.63%,
01/15/26
(a) |
275,000 |
253,404 |
2.75%,
09/16/26
(a) |
200,000 |
175,506 |
2.13%,
02/15/27
(a) |
250,000 |
207,220 |
2.85%,
09/30/28
(a) |
150,000 |
117,391 |
FS
KKR Capital Corp. | ||
4.63%,
07/15/24
(a) |
200,000 |
193,940 |
4.13%,
02/01/25
(a) |
300,000 |
282,148 |
3.40%,
01/15/26
(a) |
350,000 |
311,199 |
3.13%,
10/12/28
(a) |
250,000 |
202,752 |
GATX
Corp. | ||
4.35%,
02/15/24
(a) |
100,000 |
99,091 |
3.85%,
03/30/27
(a) |
300,000 |
281,822 |
3.50%,
03/15/28
(a) |
100,000 |
90,811 |
4.55%,
11/07/28
(a) |
350,000 |
332,113 |
4.70%,
04/01/29
(a) |
255,000 |
243,666 |
5.20%,
03/15/44
(a) |
200,000 |
173,787 |
3.10%,
06/01/51
(a) |
150,000 |
90,997 |
Goldman
Sachs BDC, Inc. | ||
3.75%,
02/10/25
(a) |
150,000 |
144,635 |
2.88%,
01/15/26
(a) |
200,000 |
184,413 |
Golub
Capital BDC, Inc. | ||
3.38%,
04/15/24
(a) |
200,000 |
192,182 |
2.50%,
08/24/26
(a) |
200,000 |
170,929 |
2.05%,
02/15/27
(a) |
100,000 |
81,901 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Hercules
Capital, Inc. | ||
3.38%,
01/20/27
(a) |
250,000 |
214,390 |
Main
Street Capital Corp. | ||
5.20%,
05/01/24
|
150,000 |
148,159 |
3.00%,
07/14/26
(a) |
150,000 |
129,736 |
Morgan
Stanley Direct Lending Fund | ||
4.50%,
02/11/27
(a) |
150,000 |
138,815 |
Oaktree
Specialty Lending Corp. | ||
3.50%,
02/25/25
(a) |
200,000 |
190,301 |
2.70%,
01/15/27
(a) |
150,000 |
129,156 |
Owl
Rock Capital Corp. | ||
5.25%,
04/15/24
(a) |
150,000 |
148,201 |
4.00%,
03/30/25
(a) |
250,000 |
235,267 |
4.25%,
01/15/26
(a) |
200,000 |
184,973 |
3.40%,
07/15/26
(a) |
450,000 |
395,010 |
2.63%,
01/15/27
(a) |
150,000 |
124,171 |
Owl
Rock Capital Corp. III | ||
3.13%,
04/13/27
(a) |
100,000 |
83,189 |
Owl
Rock Core Income Corp. | ||
3.13%,
09/23/26
(a) |
100,000 |
85,781 |
4.70%,
02/08/27
(a) |
200,000 |
180,003 |
Owl
Rock Technology Finance Corp. | ||
2.50%,
01/15/27
(a) |
100,000 |
81,840 |
Prospect
Capital Corp. | ||
3.71%,
01/22/26
(a) |
150,000 |
131,979 |
3.36%,
11/15/26
(a) |
150,000 |
125,352 |
3.44%,
10/15/28
(a) |
100,000 |
77,672 |
Sixth
Street Specialty Lending, Inc. | ||
2.50%,
08/01/26
(a) |
200,000 |
175,575 |
|
|
20,697,241 |
Financial
Other 0.0%
| ||
Andrew
W Mellon Foundation | ||
0.95%,
08/01/27
(a) |
125,000 |
106,423 |
ORIX
Corp. | ||
4.05%,
01/16/24
|
150,000 |
147,960 |
3.25%,
12/04/24
|
250,000 |
240,880 |
3.70%,
07/18/27
|
143,000 |
134,336 |
2.25%,
03/09/31
|
190,000 |
150,137 |
5.20%,
09/13/32
|
200,000 |
195,608 |
|
|
975,344 |
Insurance
1.1%
| ||
ACE
Capital Trust II | ||
9.70%,
04/01/30
|
200,000 |
248,989 |
Ace
INA Holdings, Inc. | ||
4.35%,
11/03/45
(a) |
400,000 |
347,938 |
Aegon
N.V. | ||
5.50%,
04/11/48
(a)(b) |
250,000 |
225,654 |
Aetna,
Inc. | ||
3.50%,
11/15/24
(a) |
300,000 |
291,810 |
6.63%,
06/15/36
|
200,000 |
213,075 |
6.75%,
12/15/37
|
150,000 |
161,170 |
4.50%,
05/15/42
(a) |
200,000 |
173,689 |
4.13%,
11/15/42
(a) |
150,000 |
123,119 |
4.75%,
03/15/44
(a) |
100,000 |
88,544 |
3.88%,
08/15/47
(a) |
150,000 |
116,140 |
Aflac,
Inc. | ||
1.13%,
03/15/26
(a) |
150,000 |
133,038 |
3.60%,
04/01/30
(a) |
350,000 |
317,095 |
4.00%,
10/15/46
(a) |
150,000 |
116,078 |
4.75%,
01/15/49
(a) |
150,000 |
134,555 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Alleghany
Corp. | ||
3.63%,
05/15/30
(a) |
200,000 |
185,615 |
3.25%,
08/15/51
(a) |
200,000 |
142,458 |
Allied
World Assurance Co., Holdings Ltd. | ||
4.35%,
10/29/25
(a) |
200,000 |
191,398 |
Allstate
Corp. | ||
0.75%,
12/15/25
(a) |
150,000 |
133,335 |
3.28%,
12/15/26
(a) |
250,000 |
237,877 |
1.45%,
12/15/30
(a) |
300,000 |
229,508 |
5.35%,
06/01/33
|
79,000 |
79,154 |
5.55%,
05/09/35
|
200,000 |
204,898 |
4.50%,
06/15/43
|
100,000 |
88,881 |
4.20%,
12/15/46
(a) |
276,000 |
229,638 |
3.85%,
08/10/49
(a) |
150,000 |
117,189 |
6.50%,
05/15/57
(a)(b) |
100,000 |
97,411 |
American
Equity Investment Life Holding Co. | ||
5.00%,
06/15/27
(a) |
100,000 |
95,455 |
American
Financial Group, Inc. | ||
5.25%,
04/02/30
(a) |
100,000 |
98,569 |
4.50%,
06/15/47
(a) |
200,000 |
160,138 |
American
International Group, Inc. | ||
4.13%,
02/15/24
|
200,000 |
198,093 |
2.50%,
06/30/25
(a) |
333,000 |
314,074 |
3.90%,
04/01/26
(a) |
250,000 |
242,074 |
3.40%,
06/30/30
(a) |
100,000 |
88,465 |
3.88%,
01/15/35
(a) |
200,000 |
174,384 |
6.25%,
05/01/36
|
150,000 |
158,852 |
4.50%,
07/16/44
(a) |
200,000 |
173,141 |
4.80%,
07/10/45
(a) |
175,000 |
156,765 |
4.75%,
04/01/48
(a) |
250,000 |
223,673 |
5.75%,
04/01/48
(a)(b) |
210,000 |
202,257 |
4.38%,
06/30/50
(a) |
300,000 |
255,848 |
Anthem,
Inc. | ||
3.50%,
08/15/24
(a) |
250,000 |
243,941 |
3.35%,
12/01/24
(a) |
300,000 |
291,662 |
2.38%,
01/15/25
(a) |
300,000 |
284,999 |
3.65%,
12/01/27
(a) |
500,000 |
472,037 |
4.10%,
03/01/28
(a) |
450,000 |
431,909 |
2.88%,
09/15/29
(a) |
210,000 |
184,506 |
2.25%,
05/15/30
(a) |
350,000 |
290,815 |
2.55%,
03/15/31
(a) |
100,000 |
83,965 |
5.95%,
12/15/34
|
100,000 |
104,515 |
5.85%,
01/15/36
|
100,000 |
102,560 |
6.38%,
06/15/37
|
50,000 |
53,771 |
4.63%,
05/15/42
|
200,000 |
182,180 |
4.65%,
01/15/43
|
300,000 |
272,068 |
5.10%,
01/15/44
|
200,000 |
190,569 |
4.65%,
08/15/44
(a) |
250,000 |
223,470 |
4.38%,
12/01/47
(a) |
400,000 |
344,421 |
4.55%,
03/01/48
(a) |
400,000 |
352,748 |
3.70%,
09/15/49
(a) |
250,000 |
191,395 |
3.13%,
05/15/50
(a) |
450,000 |
311,817 |
3.60%,
03/15/51
(a) |
150,000 |
113,181 |
4.55%,
05/15/52
(a) |
200,000 |
175,470 |
Aon
Corp. | ||
8.21%,
01/01/27
|
100,000 |
105,226 |
4.50%,
12/15/28
(a) |
100,000 |
96,522 |
3.75%,
05/02/29
(a) |
100,000 |
92,837 |
2.80%,
05/15/30
(a) |
250,000 |
213,788 |
2.05%,
08/23/31
(a) |
200,000 |
159,234 |
5.00%,
09/12/32
(a) |
150,000 |
148,783 |
6.25%,
09/30/40
|
150,000 |
154,178 |
2.90%,
08/23/51
(a) |
200,000 |
127,449 |
3.90%,
02/28/52
(a) |
250,000 |
193,740 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Aon
PLC | ||
3.50%,
06/14/24
(a) |
200,000 |
195,407 |
3.88%,
12/15/25
(a) |
300,000 |
292,656 |
4.60%,
06/14/44
(a) |
200,000 |
171,213 |
4.75%,
05/15/45
(a) |
200,000 |
172,747 |
Arch
Capital Finance LLC | ||
4.01%,
12/15/26
(a) |
200,000 |
191,414 |
5.03%,
12/15/46
(a) |
150,000 |
129,754 |
Arch
Capital Group Ltd. | ||
3.64%,
06/30/50
(a) |
275,000 |
193,674 |
Arch
Capital Group US, Inc. | ||
5.14%,
11/01/43
|
250,000 |
224,210 |
Arthur
J Gallagher & Co. | ||
3.50%,
05/20/51
(a) |
300,000 |
210,683 |
3.05%,
03/09/52
(a) |
150,000 |
95,282 |
Assurant,
Inc. | ||
4.20%,
09/27/23
(a) |
75,000 |
74,228 |
4.90%,
03/27/28
(a) |
50,000 |
48,106 |
3.70%,
02/22/30
(a) |
100,000 |
85,083 |
2.65%,
01/15/32
(a) |
100,000 |
74,256 |
Assured
Guaranty US Holdings, Inc. | ||
5.00%,
07/01/24
|
132,000 |
131,702 |
3.15%,
06/15/31
(a) |
200,000 |
169,251 |
3.60%,
09/15/51
(a) |
50,000 |
32,830 |
Athene
Holding Ltd. | ||
4.13%,
01/12/28
(a) |
300,000 |
276,466 |
6.15%,
04/03/30
(a) |
150,000 |
151,681 |
3.50%,
01/15/31
(a) |
150,000 |
123,960 |
3.95%,
05/25/51
(a) |
300,000 |
206,727 |
AXA
S.A. | ||
8.60%,
12/15/30
|
200,000 |
242,952 |
AXIS
Specialty Finance LLC | ||
3.90%,
07/15/29
(a) |
100,000 |
89,085 |
4.90%,
01/15/40
(a)(b) |
50,000 |
41,236 |
AXIS
Specialty Finance PLC | ||
4.00%,
12/06/27
(a) |
150,000 |
139,704 |
Berkshire
Hathaway Finance Corp. | ||
2.30%,
03/15/27
(a) |
250,000 |
231,396 |
1.85%,
03/12/30
(a) |
150,000 |
125,613 |
1.45%,
10/15/30
(a) |
200,000 |
159,701 |
2.88%,
03/15/32
(a) |
200,000 |
173,648 |
5.75%,
01/15/40
|
150,000 |
163,691 |
4.40%,
05/15/42
|
250,000 |
229,999 |
4.30%,
05/15/43
|
100,000 |
90,474 |
4.20%,
08/15/48
(a) |
750,000 |
662,017 |
4.25%,
01/15/49
(a) |
600,000 |
537,638 |
2.85%,
10/15/50
(a) |
525,000 |
353,937 |
2.50%,
01/15/51
(a) |
300,000 |
190,345 |
3.85%,
03/15/52
(a) |
775,000 |
627,217 |
Berkshire
Hathaway, Inc. | ||
3.13%,
03/15/26
(a) |
750,000 |
720,228 |
4.50%,
02/11/43
|
50,000 |
46,941 |
Brighthouse
Financial, Inc. | ||
3.70%,
06/22/27
(a) |
200,000 |
186,377 |
5.63%,
05/15/30
(a) |
200,000 |
190,564 |
4.70%,
06/22/47
(a) |
285,000 |
210,811 |
3.85%,
12/22/51
(a) |
150,000 |
95,278 |
Brown
& Brown, Inc. | ||
4.20%,
09/15/24
(a) |
145,000 |
142,423 |
4.50%,
03/15/29
(a) |
50,000 |
46,424 |
2.38%,
03/15/31
(a) |
200,000 |
152,694 |
4.20%,
03/17/32
(a) |
175,000 |
151,987 |
4.95%,
03/17/52
(a) |
200,000 |
163,439 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Centene
Corp. | ||
4.25%,
12/15/27
(a) |
650,000 |
611,290 |
2.45%,
07/15/28
(a) |
600,000 |
506,853 |
4.63%,
12/15/29
(a) |
900,000 |
826,364 |
3.38%,
02/15/30
(a) |
500,000 |
424,006 |
3.00%,
10/15/30
(a) |
500,000 |
410,472 |
2.50%,
03/01/31
(a) |
600,000 |
470,572 |
2.63%,
08/01/31
(a) |
300,000 |
236,049 |
Chubb
Corp. | ||
6.00%,
05/11/37
|
200,000 |
212,795 |
6.50%,
05/15/38
|
260,000 |
289,993 |
Chubb
INA Holdings, Inc. | ||
3.15%,
03/15/25
|
200,000 |
193,252 |
3.35%,
05/03/26
(a) |
500,000 |
479,662 |
1.38%,
09/15/30
(a) |
350,000 |
272,463 |
2.85%,
12/15/51
(a) |
150,000 |
100,845 |
3.05%,
12/15/61
(a) |
300,000 |
195,324 |
Cincinnati
Financial Corp. | ||
6.92%,
05/15/28
|
200,000 |
213,726 |
6.13%,
11/01/34
|
50,000 |
51,798 |
CNA
Financial Corp. | ||
3.95%,
05/15/24
(a) |
100,000 |
98,360 |
4.50%,
03/01/26
(a) |
200,000 |
197,927 |
3.45%,
08/15/27
(a) |
150,000 |
139,465 |
3.90%,
05/01/29
(a) |
25,000 |
22,907 |
2.05%,
08/15/30
(a) |
250,000 |
197,904 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/25
(a) |
50,000 |
49,719 |
5.25%,
05/30/29
(a) |
220,000 |
210,097 |
Corebridge
Financial, Inc. | ||
3.50%,
04/04/25
(a)(c) |
250,000 |
239,814 |
3.65%,
04/05/27
(a)(c) |
400,000 |
373,543 |
3.85%,
04/05/29
(a)(c) |
400,000 |
365,232 |
3.90%,
04/05/32
(a)(c) |
450,000 |
394,655 |
4.35%,
04/05/42
(a)(c) |
150,000 |
123,033 |
4.40%,
04/05/52
(a)(c) |
350,000 |
279,527 |
Elevance
Health, Inc. | ||
1.50%,
03/15/26
(a) |
350,000 |
314,882 |
5.50%,
10/15/32
(a) |
200,000 |
205,097 |
6.10%,
10/15/52
(a) |
200,000 |
215,652 |
Enstar
Group Ltd. | ||
4.95%,
06/01/29
(a) |
250,000 |
229,741 |
3.10%,
09/01/31
(a) |
75,000 |
54,980 |
Equitable
Holdings, Inc. | ||
4.35%,
04/20/28
(a) |
550,000 |
525,025 |
5.00%,
04/20/48
(a) |
450,000 |
396,109 |
Everest
Reinsurance Holdings, Inc. | ||
4.87%,
06/01/44
|
115,000 |
98,433 |
3.50%,
10/15/50
(a) |
300,000 |
202,840 |
3.13%,
10/15/52
(a) |
300,000 |
187,850 |
Fairfax
Financial Holdings Ltd. | ||
4.85%,
04/17/28
(a) |
250,000 |
237,425 |
4.63%,
04/29/30
(a) |
300,000 |
272,917 |
Fidelity
National Financial, Inc. | ||
4.50%,
08/15/28
(a) |
150,000 |
142,980 |
3.40%,
06/15/30
(a) |
200,000 |
169,229 |
2.45%,
03/15/31
(a) |
300,000 |
228,926 |
3.20%,
09/17/51
(a) |
50,000 |
29,300 |
First
American Financial Corp. | ||
4.60%,
11/15/24
|
100,000 |
98,715 |
4.00%,
05/15/30
(a) |
150,000 |
127,589 |
2.40%,
08/15/31
(a) |
200,000 |
147,038 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Globe
Life, Inc. | ||
4.55%,
09/15/28
(a) |
170,000 |
165,688 |
2.15%,
08/15/30
(a) |
200,000 |
158,737 |
4.80%,
06/15/32
(a) |
100,000 |
95,008 |
Hanover
Insurance Group, Inc. | ||
4.50%,
04/15/26
(a) |
150,000 |
146,529 |
2.50%,
09/01/30
(a) |
100,000 |
77,150 |
Hartford
Financial Services Group, Inc. | ||
2.80%,
08/19/29
(a) |
145,000 |
124,360 |
5.95%,
10/15/36
|
100,000 |
99,765 |
6.10%,
10/01/41
|
150,000 |
151,924 |
4.40%,
03/15/48
(a) |
225,000 |
186,936 |
3.60%,
08/19/49
(a) |
300,000 |
218,120 |
Humana,
Inc. | ||
3.85%,
10/01/24
(a) |
200,000 |
196,146 |
4.50%,
04/01/25
(a) |
200,000 |
197,779 |
1.35%,
02/03/27
(a) |
250,000 |
216,108 |
3.95%,
03/15/27
(a) |
150,000 |
143,919 |
3.70%,
03/23/29
(a) |
250,000 |
228,830 |
3.13%,
08/15/29
(a) |
100,000 |
87,909 |
4.88%,
04/01/30
(a) |
200,000 |
195,740 |
2.15%,
02/03/32
(a) |
250,000 |
195,854 |
4.63%,
12/01/42
(a) |
100,000 |
87,510 |
4.95%,
10/01/44
(a) |
250,000 |
226,710 |
4.80%,
03/15/47
(a) |
150,000 |
132,690 |
3.95%,
08/15/49
(a) |
150,000 |
118,530 |
Jackson
Financial, Inc. | ||
3.13%,
11/23/31
(a) |
150,000 |
116,283 |
5.67%,
06/08/32
(a) |
100,000 |
94,570 |
4.00%,
11/23/51
(a) |
150,000 |
96,343 |
Kemper
Corp. | ||
4.35%,
02/15/25
(a) |
100,000 |
97,527 |
2.40%,
09/30/30
(a) |
350,000 |
271,795 |
Lincoln
National Corp. | ||
3.35%,
03/09/25
|
168,000 |
161,784 |
3.63%,
12/12/26
(a) |
104,000 |
97,721 |
3.80%,
03/01/28
(a) |
150,000 |
138,184 |
3.05%,
01/15/30
(a) |
150,000 |
124,372 |
3.40%,
01/15/31
(a) |
150,000 |
124,019 |
6.30%,
10/09/37
|
150,000 |
148,445 |
7.00%,
06/15/40
|
100,000 |
104,095 |
4.35%,
03/01/48
(a) |
175,000 |
132,067 |
4.38%,
06/15/50
(a) |
50,000 |
37,976 |
Loews
Corp. | ||
3.75%,
04/01/26
(a) |
200,000 |
193,151 |
3.20%,
05/15/30
(a) |
150,000 |
132,977 |
6.00%,
02/01/35
|
100,000 |
102,970 |
4.13%,
05/15/43
(a) |
100,000 |
81,672 |
Manulife
Financial Corp. | ||
4.15%,
03/04/26
|
350,000 |
341,158 |
2.48%,
05/19/27
(a) |
100,000 |
90,188 |
4.06%,
02/24/32
(a)(b) |
250,000 |
228,201 |
3.70%,
03/16/32
(a) |
250,000 |
222,725 |
5.38%,
03/04/46
|
150,000 |
145,545 |
Markel
Corp. | ||
3.50%,
11/01/27
(a) |
100,000 |
92,336 |
3.35%,
09/17/29
(a) |
100,000 |
87,021 |
5.00%,
04/05/46
|
125,000 |
109,056 |
4.30%,
11/01/47
(a) |
50,000 |
39,268 |
5.00%,
05/20/49
(a) |
200,000 |
176,295 |
4.15%,
09/17/50
(a) |
200,000 |
153,183 |
3.45%,
05/07/52
(a) |
150,000 |
101,353 |
Marsh
& McLennan Cos., Inc. | ||
3.88%,
03/15/24
(a) |
250,000 |
246,608 |
3.50%,
06/03/24
(a) |
200,000 |
196,092 |
3.75%,
03/14/26
(a) |
250,000 |
242,890 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.38%,
03/15/29
(a) |
450,000 |
435,553 |
2.25%,
11/15/30
(a) |
325,000 |
266,595 |
5.75%,
11/01/32
(a) |
150,000 |
157,609 |
4.75%,
03/15/39
(a) |
250,000 |
231,502 |
4.35%,
01/30/47
(a) |
200,000 |
169,004 |
4.20%,
03/01/48
(a) |
100,000 |
82,863 |
4.90%,
03/15/49
(a) |
400,000 |
373,415 |
Mercury
General Corp. | ||
4.40%,
03/15/27
(a) |
150,000 |
141,085 |
MetLife,
Inc. | ||
3.60%,
04/10/24
|
365,000 |
358,711 |
3.00%,
03/01/25
|
100,000 |
96,462 |
3.60%,
11/13/25
(a) |
250,000 |
243,319 |
4.55%,
03/23/30
(a) |
400,000 |
394,279 |
5.70%,
06/15/35
|
400,000 |
419,914 |
6.40%,
12/15/36
(a) |
500,000 |
488,021 |
10.75%,
08/01/39
(a)(b) |
100,000 |
134,726 |
5.88%,
02/06/41
|
300,000 |
309,601 |
4.13%,
08/13/42
|
350,000 |
297,696 |
4.88%,
11/13/43
|
100,000 |
93,292 |
4.72%,
12/15/44
|
250,000 |
228,504 |
4.05%,
03/01/45
|
150,000 |
125,360 |
4.60%,
05/13/46
(a) |
300,000 |
271,596 |
5.00%,
07/15/52
(a) |
150,000 |
143,943 |
Nationwide
Financial Services, Inc. | ||
6.75%,
05/15/37
(b) |
65,000 |
62,543 |
Old
Republic International Corp. | ||
3.88%,
08/26/26
(a) |
250,000 |
237,212 |
3.85%,
06/11/51
(a) |
150,000 |
103,668 |
PartnerRe
Finance B LLC | ||
3.70%,
07/02/29
(a) |
160,000 |
144,510 |
4.50%,
10/01/50
(a)(b) |
100,000 |
86,301 |
Principal
Financial Group, Inc. | ||
3.10%,
11/15/26
(a) |
150,000 |
139,748 |
3.70%,
05/15/29
(a) |
150,000 |
139,611 |
2.13%,
06/15/30
(a) |
250,000 |
205,021 |
4.63%,
09/15/42
|
150,000 |
126,481 |
4.35%,
05/15/43
|
150,000 |
121,872 |
4.30%,
11/15/46
(a) |
150,000 |
121,937 |
Prudential
Financial, Inc. | ||
1.50%,
03/10/26
(a) |
100,000 |
90,170 |
3.88%,
03/27/28
(a) |
92,000 |
88,303 |
2.10%,
03/10/30
(a) |
250,000 |
207,816 |
5.75%,
07/15/33
|
100,000 |
103,525 |
5.70%,
12/14/36
|
90,000 |
93,031 |
6.63%,
12/01/37
|
250,000 |
271,197 |
3.00%,
03/10/40
(a) |
200,000 |
149,068 |
5.20%,
03/15/44
(a)(b) |
150,000 |
144,485 |
4.60%,
05/15/44
|
300,000 |
269,264 |
5.38%,
05/15/45
(a)(b) |
300,000 |
291,564 |
4.50%,
09/15/47
(a)(b) |
150,000 |
137,049 |
3.91%,
12/07/47
(a) |
350,000 |
279,629 |
4.42%,
03/27/48
(a) |
150,000 |
128,898 |
5.70%,
09/15/48
(a)(b) |
250,000 |
240,899 |
3.94%,
12/07/49
(a) |
400,000 |
314,943 |
4.35%,
02/25/50
(a) |
250,000 |
212,916 |
3.70%,
10/01/50
(a)(b) |
250,000 |
214,507 |
3.70%,
03/13/51
(a) |
300,000 |
229,864 |
5.13%,
03/01/52
(a)(b) |
250,000 |
226,616 |
6.00%,
09/01/52
(a)(b) |
300,000 |
292,417 |
Prudential
PLC | ||
3.13%,
04/14/30
|
325,000 |
283,764 |
3.63%,
03/24/32
(a) |
125,000 |
111,452 |
Radian
Group, Inc. | ||
6.63%,
03/15/25
(a) |
325,000 |
321,935 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Reinsurance
Group of America, Inc. | ||
3.90%,
05/15/29
(a) |
200,000 |
183,704 |
3.15%,
06/15/30
(a) |
150,000 |
128,047 |
RenaissanceRe
Finance, Inc. | ||
3.70%,
04/01/25
(a) |
100,000 |
97,158 |
3.45%,
07/01/27
(a) |
150,000 |
140,343 |
RenaissanceRe
Holdings Ltd. | ||
3.60%,
04/15/29
(a) |
50,000 |
45,056 |
Selective
Insurance Group, Inc. | ||
5.38%,
03/01/49
(a) |
100,000 |
85,886 |
Stewart
Information Services Corp. | ||
3.60%,
11/15/31
(a) |
100,000 |
76,581 |
The
Progressive Corp. | ||
4.00%,
03/01/29
(a) |
360,000 |
346,082 |
3.20%,
03/26/30
(a) |
150,000 |
135,117 |
3.00%,
03/15/32
(a) |
150,000 |
130,532 |
6.25%,
12/01/32
|
110,000 |
120,565 |
4.35%,
04/25/44
|
150,000 |
128,831 |
3.70%,
01/26/45
|
150,000 |
115,812 |
4.13%,
04/15/47
(a) |
350,000 |
295,414 |
4.20%,
03/15/48
(a) |
125,000 |
105,311 |
3.95%,
03/26/50
(a) |
150,000 |
121,093 |
Transatlantic
Holdings, Inc. | ||
8.00%,
11/30/39
|
121,000 |
150,110 |
Travelers
Cos., Inc. | ||
6.75%,
06/20/36
|
50,000 |
56,318 |
6.25%,
06/15/37
|
300,000 |
325,891 |
5.35%,
11/01/40
|
100,000 |
99,581 |
4.60%,
08/01/43
|
200,000 |
177,948 |
4.30%,
08/25/45
(a) |
100,000 |
85,090 |
3.75%,
05/15/46
(a) |
200,000 |
156,590 |
4.00%,
05/30/47
(a) |
150,000 |
121,814 |
4.10%,
03/04/49
(a) |
150,000 |
122,965 |
2.55%,
04/27/50
(a) |
200,000 |
125,488 |
3.05%,
06/08/51
(a) |
250,000 |
173,660 |
Travelers
Property Casualty Corp. | ||
6.38%,
03/15/33
|
200,000 |
220,309 |
Trinity
Acquisition PLC | ||
4.40%,
03/15/26
(a) |
110,000 |
106,687 |
UnitedHealth
Group, Inc. | ||
3.50%,
02/15/24
|
250,000 |
246,219 |
0.55%,
05/15/24
(a) |
200,000 |
188,830 |
2.38%,
08/15/24
|
300,000 |
288,987 |
3.75%,
07/15/25
|
750,000 |
734,378 |
3.70%,
12/15/25
|
100,000 |
97,755 |
1.25%,
01/15/26
|
100,000 |
90,877 |
3.10%,
03/15/26
|
350,000 |
334,470 |
3.45%,
01/15/27
|
250,000 |
238,483 |
2.95%,
10/15/27
|
100,000 |
92,638 |
5.25%,
02/15/28
(a) |
300,000 |
307,519 |
3.85%,
06/15/28
|
450,000 |
431,812 |
3.88%,
12/15/28
|
350,000 |
334,685 |
4.00%,
05/15/29
(a) |
250,000 |
239,049 |
2.88%,
08/15/29
|
400,000 |
356,641 |
5.30%,
02/15/30
(a) |
500,000 |
516,725 |
2.00%,
05/15/30
|
400,000 |
331,374 |
2.30%,
05/15/31
(a) |
400,000 |
333,868 |
4.20%,
05/15/32
(a) |
375,000 |
357,206 |
5.35%,
02/15/33
(a) |
500,000 |
518,497 |
4.63%,
07/15/35
|
350,000 |
339,363 |
5.80%,
03/15/36
|
200,000 |
211,681 |
6.50%,
06/15/37
|
150,000 |
168,006 |
6.63%,
11/15/37
|
100,000 |
113,390 |
6.88%,
02/15/38
|
300,000 |
352,286 |
3.50%,
08/15/39
(a) |
400,000 |
328,153 |
2.75%,
05/15/40
(a) |
350,000 |
255,212 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.70%,
10/15/40
(a) |
100,000 |
103,975 |
5.95%,
02/15/41
(a) |
150,000 |
159,550 |
3.05%,
05/15/41
(a) |
400,000 |
301,809 |
4.63%,
11/15/41
(a) |
173,000 |
159,479 |
4.38%,
03/15/42
(a) |
150,000 |
134,973 |
3.95%,
10/15/42
(a) |
150,000 |
127,230 |
4.75%,
07/15/45
|
600,000 |
567,084 |
4.20%,
01/15/47
(a) |
200,000 |
171,915 |
4.25%,
04/15/47
(a) |
250,000 |
215,824 |
3.75%,
10/15/47
(a) |
200,000 |
160,009 |
4.25%,
06/15/48
(a) |
400,000 |
348,804 |
4.45%,
12/15/48
(a) |
350,000 |
312,873 |
3.70%,
08/15/49
(a) |
400,000 |
317,142 |
2.90%,
05/15/50
(a) |
400,000 |
273,032 |
3.25%,
05/15/51
(a) |
600,000 |
433,415 |
4.75%,
05/15/52
(a) |
600,000 |
556,465 |
5.88%,
02/15/53
(a) |
500,000 |
542,717 |
3.88%,
08/15/59
(a) |
350,000 |
275,464 |
3.13%,
05/15/60
(a) |
250,000 |
170,147 |
4.95%,
05/15/62
(a) |
275,000 |
259,140 |
6.05%,
02/15/63
(a) |
400,000 |
440,609 |
Unum
Group | ||
4.00%,
06/15/29
(a) |
150,000 |
135,882 |
5.75%,
08/15/42
|
150,000 |
135,203 |
4.50%,
12/15/49
(a) |
150,000 |
107,992 |
4.13%,
06/15/51
(a) |
100,000 |
68,765 |
Voya
Financial, Inc. | ||
3.65%,
06/15/26
|
150,000 |
142,613 |
5.70%,
07/15/43
|
150,000 |
139,808 |
4.80%,
06/15/46
|
75,000 |
61,529 |
4.70%,
01/23/48
(a)(b) |
100,000 |
77,392 |
Willis
North America, Inc. | ||
3.60%,
05/15/24
(a) |
200,000 |
194,888 |
4.50%,
09/15/28
(a) |
200,000 |
188,743 |
2.95%,
09/15/29
(a) |
200,000 |
168,484 |
5.05%,
09/15/48
(a) |
150,000 |
126,410 |
3.88%,
09/15/49
(a) |
150,000 |
106,906 |
WR
Berkley Corp. | ||
4.75%,
08/01/44
|
100,000 |
87,672 |
4.00%,
05/12/50
(a) |
100,000 |
76,727 |
3.55%,
03/30/52
(a) |
150,000 |
104,628 |
3.15%,
09/30/61
(a) |
100,000 |
59,930 |
XLIT
Ltd. | ||
5.25%,
12/15/43
|
100,000 |
98,021 |
5.50%,
03/31/45
|
150,000 |
142,454 |
|
|
74,930,192 |
REITs
0.7%
| ||
Agree
LP | ||
2.00%,
06/15/28
(a) |
150,000 |
122,867 |
2.90%,
10/01/30
(a) |
250,000 |
203,827 |
Alexandria
Real Estate Equities, Inc. | ||
3.45%,
04/30/25
(a) |
25,000 |
24,224 |
4.30%,
01/15/26
(a) |
150,000 |
146,874 |
3.80%,
04/15/26
(a) |
100,000 |
96,980 |
3.95%,
01/15/28
(a) |
150,000 |
141,269 |
4.50%,
07/30/29
(a) |
100,000 |
94,904 |
2.75%,
12/15/29
(a) |
200,000 |
170,027 |
4.70%,
07/01/30
(a) |
150,000 |
144,591 |
4.90%,
12/15/30
(a) |
250,000 |
243,974 |
3.38%,
08/15/31
(a) |
230,000 |
201,481 |
2.00%,
05/18/32
(a) |
200,000 |
153,995 |
1.88%,
02/01/33
(a) |
250,000 |
186,735 |
2.95%,
03/15/34
(a) |
250,000 |
203,679 |
4.85%,
04/15/49
(a) |
100,000 |
85,351 |
4.00%,
02/01/50
(a) |
200,000 |
153,173 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.00%,
05/18/51
(a) |
200,000 |
127,878 |
3.55%,
03/15/52
(a) |
250,000 |
179,907 |
American
Assets Trust LP | ||
3.38%,
02/01/31
(a) |
150,000 |
119,125 |
American
Homes 4 Rent LP | ||
4.25%,
02/15/28
(a) |
140,000 |
130,021 |
4.90%,
02/15/29
(a) |
100,000 |
94,851 |
2.38%,
07/15/31
(a) |
100,000 |
77,119 |
3.63%,
04/15/32
(a) |
150,000 |
126,102 |
3.38%,
07/15/51
(a) |
100,000 |
63,117 |
4.30%,
04/15/52
(a) |
100,000 |
74,042 |
AvalonBay
Communities, Inc. | ||
3.45%,
06/01/25
(a) |
150,000 |
144,685 |
2.90%,
10/15/26
(a) |
100,000 |
91,895 |
3.35%,
05/15/27
(a) |
200,000 |
186,061 |
3.20%,
01/15/28
(a) |
200,000 |
183,154 |
1.90%,
12/01/28
(a) |
150,000 |
125,571 |
3.30%,
06/01/29
(a) |
150,000 |
134,697 |
2.30%,
03/01/30
(a) |
250,000 |
207,936 |
2.45%,
01/15/31
(a) |
200,000 |
165,396 |
2.05%,
01/15/32
(a) |
200,000 |
157,567 |
3.90%,
10/15/46
(a) |
150,000 |
116,050 |
4.35%,
04/15/48
(a) |
150,000 |
123,512 |
Boston
Properties LP | ||
3.80%,
02/01/24
(a) |
100,000 |
98,388 |
3.20%,
01/15/25
(a) |
375,000 |
360,030 |
3.65%,
02/01/26
(a) |
200,000 |
190,032 |
2.75%,
10/01/26
(a) |
150,000 |
135,459 |
6.75%,
12/01/27
(a) |
100,000 |
103,327 |
4.50%,
12/01/28
(a) |
300,000 |
279,195 |
3.40%,
06/21/29
(a) |
350,000 |
301,982 |
2.90%,
03/15/30
(a) |
200,000 |
163,618 |
3.25%,
01/30/31
(a) |
383,000 |
318,028 |
2.55%,
04/01/32
(a) |
150,000 |
114,495 |
2.45%,
10/01/33
(a) |
300,000 |
217,576 |
Brandywine
Operating Partnership LP | ||
4.10%,
10/01/24
(a) |
150,000 |
143,043 |
3.95%,
11/15/27
(a) |
100,000 |
84,181 |
4.55%,
10/01/29
(a) |
150,000 |
125,717 |
Brixmor
Operating Partnership LP | ||
3.85%,
02/01/25
(a) |
250,000 |
240,545 |
4.13%,
06/15/26
(a) |
50,000 |
47,559 |
3.90%,
03/15/27
(a) |
150,000 |
138,959 |
4.13%,
05/15/29
(a) |
250,000 |
223,873 |
4.05%,
07/01/30
(a) |
225,000 |
198,182 |
2.50%,
08/16/31
(a) |
225,000 |
172,616 |
Broadstone
Net Lease LLC | ||
2.60%,
09/15/31
(a) |
150,000 |
112,703 |
Camden
Property Trust | ||
4.10%,
10/15/28
(a) |
150,000 |
141,989 |
3.15%,
07/01/29
(a) |
116,000 |
103,692 |
2.80%,
05/15/30
(a) |
250,000 |
215,881 |
3.35%,
11/01/49
(a) |
100,000 |
70,059 |
Corporate
Office Properties LP | ||
2.25%,
03/15/26
(a) |
150,000 |
132,878 |
2.00%,
01/15/29
(a) |
150,000 |
115,962 |
2.75%,
04/15/31
(a) |
200,000 |
150,223 |
CubeSmart
LP | ||
4.00%,
11/15/25
(a) |
150,000 |
145,030 |
3.13%,
09/01/26
(a) |
100,000 |
92,896 |
4.38%,
02/15/29
(a) |
118,000 |
109,436 |
3.00%,
02/15/30
(a) |
200,000 |
166,608 |
2.00%,
02/15/31
(a) |
250,000 |
188,816 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Digital
Realty Trust LP | ||
3.70%,
08/15/27
(a) |
370,000 |
344,262 |
5.55%,
01/15/28
(a) |
150,000 |
151,118 |
4.45%,
07/15/28
(a) |
200,000 |
190,121 |
3.60%,
07/01/29
(a) |
200,000 |
179,088 |
EPR
Properties | ||
4.75%,
12/15/26
(a) |
200,000 |
180,045 |
4.50%,
06/01/27
(a) |
200,000 |
173,943 |
4.95%,
04/15/28
(a) |
150,000 |
128,094 |
3.75%,
08/15/29
(a) |
200,000 |
156,472 |
ERP
Operating LP | ||
3.38%,
06/01/25
(a) |
150,000 |
144,461 |
2.85%,
11/01/26
(a) |
150,000 |
138,977 |
3.25%,
08/01/27
(a) |
150,000 |
137,530 |
3.50%,
03/01/28
(a) |
200,000 |
184,878 |
4.15%,
12/01/28
(a) |
50,000 |
47,170 |
3.00%,
07/01/29
(a) |
200,000 |
174,757 |
2.50%,
02/15/30
(a) |
200,000 |
167,251 |
4.50%,
07/01/44
(a) |
150,000 |
128,119 |
4.50%,
06/01/45
(a) |
200,000 |
170,812 |
Essential
Properties LP | ||
2.95%,
07/15/31
(a) |
150,000 |
109,237 |
Essex
Portfolio LP | ||
3.88%,
05/01/24
(a) |
150,000 |
146,936 |
3.50%,
04/01/25
(a) |
150,000 |
144,905 |
3.63%,
05/01/27
(a) |
150,000 |
140,935 |
4.00%,
03/01/29
(a) |
250,000 |
228,069 |
3.00%,
01/15/30
(a) |
150,000 |
127,133 |
1.65%,
01/15/31
(a) |
150,000 |
112,029 |
2.65%,
03/15/32
(a) |
200,000 |
158,510 |
4.50%,
03/15/48
(a) |
114,000 |
92,693 |
Extra
Space Storage LP | ||
2.55%,
06/01/31
(a) |
150,000 |
117,550 |
2.35%,
03/15/32
(a) |
200,000 |
151,812 |
Federal
Realty Investment Trust | ||
3.95%,
01/15/24
(a) |
175,000 |
172,831 |
1.25%,
02/15/26
(a) |
150,000 |
132,306 |
3.25%,
07/15/27
(a) |
200,000 |
183,337 |
3.20%,
06/15/29
(a) |
100,000 |
86,952 |
4.50%,
12/01/44
(a) |
200,000 |
157,755 |
Healthcare
Realty Holdings LP | ||
2.40%,
03/15/30
(a) |
150,000 |
116,546 |
2.05%,
03/15/31
(a) |
200,000 |
146,703 |
Healthcare
Trust of America Holdings LP | ||
3.50%,
08/01/26
(a) |
200,000 |
186,520 |
3.75%,
07/01/27
(a) |
150,000 |
139,521 |
Healthpeak
Properties, Inc. | ||
3.40%,
02/01/25
(a) |
150,000 |
144,502 |
4.00%,
06/01/25
(a) |
150,000 |
146,225 |
3.25%,
07/15/26
(a) |
300,000 |
283,259 |
3.50%,
07/15/29
(a) |
250,000 |
222,990 |
3.00%,
01/15/30
(a) |
300,000 |
257,938 |
6.75%,
02/01/41
(a) |
100,000 |
103,186 |
Highwoods
Realty LP | ||
4.20%,
04/15/29
(a) |
200,000 |
173,695 |
3.05%,
02/15/30
(a) |
175,000 |
139,158 |
2.60%,
02/01/31
(a) |
150,000 |
111,356 |
Host
Hotels & Resorts LP | ||
3.88%,
04/01/24
(a) |
175,000 |
171,189 |
4.00%,
06/15/25
(a) |
100,000 |
96,198 |
4.50%,
02/01/26
(a) |
150,000 |
144,113 |
3.38%,
12/15/29
(a) |
200,000 |
167,728 |
3.50%,
09/15/30
(a) |
275,000 |
227,446 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Hudson
Pacific Properties LP | ||
3.95%,
11/01/27
(a) |
150,000 |
127,936 |
4.65%,
04/01/29
(a) |
150,000 |
128,572 |
3.25%,
01/15/30
(a) |
250,000 |
191,448 |
Invitation
Homes Operating Partnership LP | ||
2.30%,
11/15/28
(a) |
150,000 |
124,332 |
2.00%,
08/15/31
(a) |
200,000 |
147,855 |
4.15%,
04/15/32
(a) |
100,000 |
87,588 |
2.70%,
01/15/34
(a) |
150,000 |
109,993 |
Kilroy
Realty LP | ||
4.38%,
10/01/25
(a) |
150,000 |
145,561 |
4.75%,
12/15/28
(a) |
150,000 |
136,791 |
4.25%,
08/15/29
(a) |
175,000 |
153,900 |
3.05%,
02/15/30
(a) |
200,000 |
160,646 |
2.50%,
11/15/32
(a) |
200,000 |
142,733 |
Kimco
Realty Corp. | ||
2.80%,
10/01/26
(a) |
450,000 |
413,929 |
1.90%,
03/01/28
(a) |
250,000 |
210,008 |
2.70%,
10/01/30
(a) |
300,000 |
245,538 |
4.25%,
04/01/45
(a) |
150,000 |
114,431 |
4.13%,
12/01/46
(a) |
100,000 |
73,791 |
4.45%,
09/01/47
(a) |
200,000 |
155,202 |
3.70%,
10/01/49
(a) |
150,000 |
103,445 |
Kite
Realty Group LP | ||
4.00%,
10/01/26
(a) |
100,000 |
92,278 |
Lexington
Realty Trust | ||
2.70%,
09/15/30
(a) |
250,000 |
199,865 |
Life
Storage LP | ||
3.88%,
12/15/27
(a) |
300,000 |
278,488 |
4.00%,
06/15/29
(a) |
150,000 |
134,534 |
2.20%,
10/15/30
(a) |
300,000 |
233,898 |
LifeStorage
LP | ||
3.50%,
07/01/26
(a) |
100,000 |
93,953 |
Mid-America
Apartments LP | ||
3.75%,
06/15/24
(a) |
150,000 |
146,959 |
4.00%,
11/15/25
(a) |
150,000 |
146,081 |
3.60%,
06/01/27
(a) |
60,000 |
56,967 |
4.20%,
06/15/28
(a) |
200,000 |
191,566 |
3.95%,
03/15/29
(a) |
50,000 |
47,429 |
2.75%,
03/15/30
(a) |
100,000 |
85,867 |
1.70%,
02/15/31
(a) |
200,000 |
156,778 |
2.88%,
09/15/51
(a) |
150,000 |
96,581 |
National
Health Investors, Inc. | ||
3.00%,
02/01/31
(a) |
150,000 |
108,537 |
National
Retail Properties, Inc. | ||
3.90%,
06/15/24
(a) |
100,000 |
97,820 |
3.60%,
12/15/26
(a) |
150,000 |
140,031 |
3.50%,
10/15/27
(a) |
125,000 |
113,574 |
4.30%,
10/15/28
(a) |
200,000 |
186,010 |
2.50%,
04/15/30
(a) |
100,000 |
81,251 |
4.80%,
10/15/48
(a) |
60,000 |
50,074 |
3.10%,
04/15/50
(a) |
150,000 |
93,311 |
3.50%,
04/15/51
(a) |
100,000 |
67,275 |
3.00%,
04/15/52
(a) |
100,000 |
61,310 |
Omega
Healthcare Investors, Inc. | ||
4.95%,
04/01/24
(a) |
200,000 |
197,752 |
4.50%,
01/15/25
(a) |
50,000 |
48,674 |
5.25%,
01/15/26
(a) |
100,000 |
98,412 |
4.50%,
04/01/27
(a) |
100,000 |
93,959 |
4.75%,
01/15/28
(a) |
93,000 |
85,945 |
3.63%,
10/01/29
(a) |
150,000 |
123,638 |
3.38%,
02/01/31
(a) |
200,000 |
154,789 |
3.25%,
04/15/33
(a) |
250,000 |
181,140 |
Phillips
Edison Grocery Center Operating Partnership I LP | ||
2.63%,
11/15/31
(a) |
100,000 |
73,685 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Physicians
Realty LP | ||
4.30%,
03/15/27
(a) |
300,000 |
283,626 |
Piedmont
Operating Partnership LP | ||
3.15%,
08/15/30
(a) |
150,000 |
113,960 |
2.75%,
04/01/32
(a) |
100,000 |
70,147 |
Prologis
LP | ||
3.25%,
06/30/26
(a) |
50,000 |
47,605 |
3.25%,
10/01/26
(a) |
150,000 |
142,702 |
4.38%,
02/01/29
(a) |
25,000 |
23,944 |
2.88%,
11/15/29
(a) |
150,000 |
130,922 |
2.25%,
04/15/30
(a) |
350,000 |
292,817 |
1.75%,
07/01/30
(a) |
250,000 |
198,146 |
1.25%,
10/15/30
(a) |
350,000 |
266,393 |
1.63%,
03/15/31
(a) |
200,000 |
155,172 |
2.25%,
01/15/32
(a) |
150,000 |
119,874 |
3.05%,
03/01/50
(a) |
200,000 |
134,729 |
3.00%,
04/15/50
(a) |
300,000 |
201,918 |
2.13%,
10/15/50
(a) |
200,000 |
111,824 |
Public
Storage | ||
0.88%,
02/15/26
(a) |
200,000 |
177,077 |
1.50%,
11/09/26
(a) |
150,000 |
133,751 |
3.09%,
09/15/27
(a) |
250,000 |
233,503 |
3.39%,
05/01/29
(a) |
300,000 |
274,447 |
2.30%,
05/01/31
(a) |
250,000 |
204,582 |
2.25%,
11/09/31
(a) |
200,000 |
161,560 |
Realty
Income Corp. | ||
4.60%,
02/06/24
(a) |
200,000 |
198,780 |
3.88%,
07/15/24
(a) |
300,000 |
294,152 |
4.63%,
11/01/25
(a) |
250,000 |
248,207 |
0.75%,
03/15/26
(a) |
150,000 |
130,716 |
4.13%,
10/15/26
(a) |
50,000 |
48,720 |
3.00%,
01/15/27
(a) |
300,000 |
278,606 |
3.95%,
08/15/27
(a) |
300,000 |
287,713 |
3.40%,
01/15/28
(a) |
150,000 |
138,378 |
3.65%,
01/15/28
(a) |
200,000 |
187,070 |
3.10%,
12/15/29
(a) |
100,000 |
87,627 |
3.25%,
01/15/31
(a) |
400,000 |
347,487 |
5.63%,
10/13/32
(a) |
150,000 |
153,238 |
2.85%,
12/15/32
(a) |
200,000 |
162,576 |
4.65%,
03/15/47
(a) |
200,000 |
176,874 |
Regency
Centers LP | ||
3.60%,
02/01/27
(a) |
250,000 |
234,250 |
4.13%,
03/15/28
(a) |
200,000 |
185,257 |
2.95%,
09/15/29
(a) |
150,000 |
126,054 |
3.70%,
06/15/30
(a) |
50,000 |
43,564 |
4.40%,
02/01/47
(a) |
150,000 |
116,275 |
4.65%,
03/15/49
(a) |
50,000 |
40,354 |
Retail
Properties of America, Inc. | ||
4.75%,
09/15/30
(a) |
150,000 |
133,347 |
Rexford
Industrial Realty LP | ||
2.15%,
09/01/31
(a) |
250,000 |
192,041 |
Sabra
Health Care LP | ||
5.13%,
08/15/26
(a) |
150,000 |
143,008 |
3.90%,
10/15/29
(a) |
125,000 |
104,250 |
3.20%,
12/01/31
(a) |
250,000 |
186,979 |
Safehold
Operating Partnership LP | ||
2.80%,
06/15/31
(a) |
150,000 |
115,519 |
Simon
Property Group LP | ||
3.75%,
02/01/24
(a) |
350,000 |
345,065 |
2.00%,
09/13/24
(a) |
175,000 |
166,431 |
3.38%,
10/01/24
(a) |
100,000 |
97,215 |
3.50%,
09/01/25
(a) |
300,000 |
287,965 |
3.30%,
01/15/26
(a) |
300,000 |
285,570 |
3.25%,
11/30/26
(a) |
200,000 |
187,487 |
3.38%,
06/15/27
(a) |
350,000 |
327,424 |
3.38%,
12/01/27
(a) |
100,000 |
92,822 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.75%,
02/01/28
(a) |
350,000 |
298,195 |
2.45%,
09/13/29
(a) |
550,000 |
460,658 |
2.65%,
07/15/30
(a) |
100,000 |
83,310 |
2.20%,
02/01/31
(a) |
100,000 |
79,325 |
6.75%,
02/01/40
(a) |
220,000 |
238,007 |
4.75%,
03/15/42
(a) |
150,000 |
128,441 |
4.25%,
10/01/44
(a) |
200,000 |
157,953 |
4.25%,
11/30/46
(a) |
100,000 |
80,837 |
3.25%,
09/13/49
(a) |
400,000 |
264,921 |
3.80%,
07/15/50
(a) |
250,000 |
183,501 |
SITE
Centers Corp. | ||
3.63%,
02/01/25
(a) |
150,000 |
142,106 |
4.25%,
02/01/26
(a) |
150,000 |
141,905 |
4.70%,
06/01/27
(a) |
154,000 |
145,317 |
Spirit
Realty LP | ||
4.45%,
09/15/26
(a) |
60,000 |
57,451 |
3.20%,
01/15/27
(a) |
200,000 |
178,116 |
3.40%,
01/15/30
(a) |
250,000 |
208,771 |
3.20%,
02/15/31
(a) |
250,000 |
200,632 |
STORE
Capital Corp. | ||
4.50%,
03/15/28
(a) |
185,000 |
167,190 |
4.63%,
03/15/29
(a) |
200,000 |
179,195 |
2.75%,
11/18/30
(a) |
150,000 |
115,165 |
Sun
Communities Operating LP | ||
2.30%,
11/01/28
(a) |
150,000 |
125,763 |
2.70%,
07/15/31
(a) |
200,000 |
157,839 |
Tanger
Properties LP | ||
3.13%,
09/01/26
(a) |
150,000 |
137,231 |
3.88%,
07/15/27
(a) |
150,000 |
138,022 |
UDR,
Inc. | ||
2.95%,
09/01/26
(a) |
100,000 |
92,113 |
3.50%,
01/15/28
(a) |
145,000 |
131,809 |
4.40%,
01/26/29
(a) |
300,000 |
283,063 |
3.00%,
08/15/31
(a) |
400,000 |
335,207 |
2.10%,
08/01/32
(a) |
100,000 |
74,472 |
Ventas
Realty LP | ||
3.50%,
04/15/24
(a) |
100,000 |
97,397 |
3.75%,
05/01/24
(a) |
150,000 |
146,938 |
2.65%,
01/15/25
(a) |
150,000 |
142,200 |
3.50%,
02/01/25
(a) |
200,000 |
192,542 |
4.13%,
01/15/26
(a) |
150,000 |
145,705 |
3.25%,
10/15/26
(a) |
250,000 |
231,562 |
3.85%,
04/01/27
(a) |
75,000 |
70,864 |
4.00%,
03/01/28
(a) |
200,000 |
185,189 |
4.40%,
01/15/29
(a) |
250,000 |
233,837 |
4.75%,
11/15/30
(a) |
200,000 |
188,154 |
5.70%,
09/30/43
(a) |
150,000 |
137,877 |
4.38%,
02/01/45
(a) |
100,000 |
78,320 |
4.88%,
04/15/49
(a) |
100,000 |
83,443 |
Vornado
Realty LP | ||
3.50%,
01/15/25
(a) |
150,000 |
141,150 |
2.15%,
06/01/26
(a) |
150,000 |
127,292 |
Welltower,
Inc. | ||
4.50%,
01/15/24
(a) |
300,000 |
297,831 |
3.63%,
03/15/24
(a) |
300,000 |
293,681 |
4.00%,
06/01/25
(a) |
200,000 |
194,994 |
4.25%,
04/01/26
(a) |
400,000 |
388,256 |
2.70%,
02/15/27
(a) |
100,000 |
90,200 |
4.13%,
03/15/29
(a) |
400,000 |
367,637 |
3.10%,
01/15/30
(a) |
150,000 |
126,746 |
2.75%,
01/15/31
(a) |
300,000 |
240,249 |
6.50%,
03/15/41
(a) |
300,000 |
301,146 |
4.95%,
09/01/48
(a) |
150,000 |
123,875 |
WP
Carey, Inc. | ||
4.60%,
04/01/24
(a) |
85,000 |
84,232 |
4.00%,
02/01/25
(a) |
300,000 |
293,071 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.85%,
07/15/29
(a) |
100,000 |
90,114 |
2.40%,
02/01/31
(a) |
200,000 |
159,667 |
2.25%,
04/01/33
(a) |
150,000 |
111,538 |
|
|
45,418,048 |
|
|
552,691,314 |
| ||
Industrial
13.8%
| ||
Basic
Industry 0.6%
| ||
Air
Products and Chemicals, Inc. | ||
3.35%,
07/31/24
(a) |
20,000 |
19,559 |
1.50%,
10/15/25
(a) |
250,000 |
230,094 |
1.85%,
05/15/27
(a) |
300,000 |
267,474 |
2.05%,
05/15/30
(a) |
125,000 |
104,883 |
2.70%,
05/15/40
(a) |
300,000 |
224,992 |
2.80%,
05/15/50
(a) |
250,000 |
173,989 |
Albemarle
Corp. | ||
4.65%,
06/01/27
(a) |
200,000 |
196,013 |
5.05%,
06/01/32
(a) |
200,000 |
188,988 |
5.45%,
12/01/44
(a) |
250,000 |
234,197 |
AngloGold
Ashanti Holdings PLC | ||
3.75%,
10/01/30
(a) |
450,000 |
394,026 |
ArcelorMittal
S.A. | ||
6.55%,
11/29/27
(a) |
350,000 |
352,988 |
4.25%,
07/16/29
|
200,000 |
179,311 |
6.80%,
11/29/32
(a) |
250,000 |
249,487 |
7.00%,
10/15/39
|
350,000 |
353,254 |
Barrick
North America Finance LLC | ||
5.70%,
05/30/41
|
250,000 |
252,255 |
5.75%,
05/01/43
|
200,000 |
202,756 |
Barrick
PD Australia Finance Pty Ltd. | ||
5.95%,
10/15/39
|
400,000 |
410,704 |
BHP
Billiton Finance USA Ltd. | ||
6.42%,
03/01/26
|
100,000 |
104,743 |
4.13%,
02/24/42
|
275,000 |
239,926 |
5.00%,
09/30/43
|
700,000 |
679,749 |
Cabot
Corp. | ||
4.00%,
07/01/29
(a) |
150,000 |
133,966 |
Celanese
US Holdings LLC | ||
3.50%,
05/08/24
(a) |
200,000 |
193,321 |
5.90%,
07/05/24
|
500,000 |
499,986 |
6.05%,
03/15/25
|
500,000 |
498,812 |
1.40%,
08/05/26
(a) |
150,000 |
126,751 |
6.17%,
07/15/27
(a) |
500,000 |
494,097 |
6.33%,
07/15/29
(a) |
200,000 |
194,826 |
6.38%,
07/15/32
(a) |
300,000 |
286,830 |
Celulosa
Arauco y Constitucion S.A. | ||
4.50%,
08/01/24
(a) |
200,000 |
197,343 |
3.88%,
11/02/27
(a) |
200,000 |
188,237 |
CF
Industries, Inc. | ||
5.15%,
03/15/34
|
350,000 |
331,259 |
5.38%,
03/15/44
|
300,000 |
269,736 |
Dow
Chemical Co. | ||
4.80%,
11/30/28
(a) |
50,000 |
49,389 |
7.38%,
11/01/29
|
450,000 |
500,996 |
2.10%,
11/15/30
(a) |
250,000 |
201,342 |
6.30%,
03/15/33
(a) |
175,000 |
184,671 |
4.25%,
10/01/34
(a) |
300,000 |
270,455 |
5.25%,
11/15/41
(a) |
300,000 |
280,979 |
4.38%,
11/15/42
(a) |
450,000 |
372,748 |
4.63%,
10/01/44
(a) |
150,000 |
124,847 |
5.55%,
11/30/48
(a) |
250,000 |
234,879 |
4.80%,
05/15/49
(a) |
200,000 |
170,062 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.60%,
11/15/50
(a) |
250,000 |
180,364 |
6.90%,
05/15/53
(a) |
300,000 |
327,928 |
DuPont
de Nemours, Inc. | ||
4.49%,
11/15/25
(a) |
500,000 |
492,465 |
4.73%,
11/15/28
(a) |
750,000 |
741,043 |
5.32%,
11/15/38
(a) |
400,000 |
388,224 |
5.42%,
11/15/48
(a) |
605,000 |
579,330 |
Eastman
Chemical Co. | ||
3.80%,
03/15/25
(a) |
250,000 |
242,775 |
4.80%,
09/01/42
(a) |
250,000 |
212,492 |
4.65%,
10/15/44
(a) |
270,000 |
225,158 |
Ecolab,
Inc. | ||
2.70%,
11/01/26
(a) |
300,000 |
279,179 |
3.25%,
12/01/27
(a) |
450,000 |
421,186 |
4.80%,
03/24/30
(a) |
50,000 |
49,711 |
1.30%,
01/30/31
(a) |
300,000 |
229,320 |
2.13%,
02/01/32
(a) |
250,000 |
200,518 |
2.13%,
08/15/50
(a) |
250,000 |
140,480 |
2.70%,
12/15/51
(a) |
250,000 |
156,834 |
2.75%,
08/18/55
(a) |
264,000 |
159,561 |
EI
du Pont de Nemours and Co. | ||
1.70%,
07/15/25
(a) |
200,000 |
184,863 |
2.30%,
07/15/30
(a) |
150,000 |
126,015 |
Fibria
Overseas Finance Ltd. | ||
4.00%,
01/14/25
(a) |
100,000 |
97,502 |
5.50%,
01/17/27
|
250,000 |
251,542 |
FMC
Corp. | ||
3.20%,
10/01/26
(a) |
150,000 |
140,095 |
3.45%,
10/01/29
(a) |
200,000 |
176,593 |
4.50%,
10/01/49
(a) |
150,000 |
119,682 |
Freeport-McMoRan,
Inc. | ||
5.00%,
09/01/27
(a) |
150,000 |
146,450 |
4.13%,
03/01/28
(a) |
300,000 |
278,977 |
5.25%,
09/01/29
(a) |
150,000 |
144,815 |
4.25%,
03/01/30
(a) |
100,000 |
91,375 |
4.63%,
08/01/30
(a) |
350,000 |
328,058 |
5.40%,
11/14/34
(a) |
300,000 |
282,761 |
5.45%,
03/15/43
(a) |
500,000 |
450,996 |
Georgia-Pacific
LLC | ||
8.00%,
01/15/24
|
150,000 |
154,583 |
7.75%,
11/15/29
|
250,000 |
284,338 |
Huntsman
International LLC | ||
4.50%,
05/01/29
(a) |
200,000 |
180,245 |
2.95%,
06/15/31
(a) |
150,000 |
116,785 |
International
Flavors & Fragrances, Inc. | ||
4.45%,
09/26/28
(a) |
150,000 |
141,597 |
4.38%,
06/01/47
(a) |
50,000 |
39,115 |
5.00%,
09/26/48
(a) |
300,000 |
257,607 |
International
Paper Co. | ||
5.00%,
09/15/35
(a) |
100,000 |
94,825 |
7.30%,
11/15/39
|
100,000 |
109,984 |
6.00%,
11/15/41
(a) |
200,000 |
200,227 |
4.80%,
06/15/44
(a) |
250,000 |
218,175 |
5.15%,
05/15/46
(a) |
100,000 |
90,879 |
4.40%,
08/15/47
(a) |
200,000 |
165,704 |
4.35%,
08/15/48
(a) |
200,000 |
167,047 |
Kinross
Gold Corp. | ||
5.95%,
03/15/24
(a) |
150,000 |
150,848 |
4.50%,
07/15/27
(a) |
150,000 |
142,304 |
Linde,
Inc. | ||
2.65%,
02/05/25
(a) |
150,000 |
143,779 |
3.20%,
01/30/26
(a) |
250,000 |
240,913 |
1.10%,
08/10/30
(a) |
200,000 |
153,926 |
3.55%,
11/07/42
(a) |
150,000 |
120,858 |
2.00%,
08/10/50
(a) |
100,000 |
56,023 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Lubrizol
Corp. | ||
6.50%,
10/01/34
|
96,000 |
110,212 |
LYB
International Finance BV | ||
5.25%,
07/15/43
|
200,000 |
176,618 |
4.88%,
03/15/44
(a) |
250,000 |
208,135 |
LYB
International Finance II BV | ||
3.50%,
03/02/27
(a) |
200,000 |
185,881 |
LYB
International Finance III LLC | ||
2.25%,
10/01/30
(a) |
100,000 |
79,623 |
3.38%,
10/01/40
(a) |
250,000 |
177,679 |
4.20%,
10/15/49
(a) |
300,000 |
224,685 |
4.20%,
05/01/50
(a) |
300,000 |
223,056 |
3.63%,
04/01/51
(a) |
300,000 |
201,597 |
3.80%,
10/01/60
(a) |
150,000 |
97,800 |
LyondellBasell
Industries NV | ||
5.75%,
04/15/24
(a) |
250,000 |
250,701 |
4.63%,
02/26/55
(a) |
300,000 |
236,765 |
Mosaic
Co. | ||
4.05%,
11/15/27
(a) |
250,000 |
236,427 |
5.45%,
11/15/33
(a) |
150,000 |
146,448 |
4.88%,
11/15/41
(a) |
100,000 |
85,381 |
5.63%,
11/15/43
(a) |
100,000 |
93,618 |
NewMarket
Corp. | ||
2.70%,
03/18/31
(a) |
150,000 |
118,662 |
Newmont
Corp. | ||
2.80%,
10/01/29
(a) |
250,000 |
213,570 |
2.25%,
10/01/30
(a) |
350,000 |
282,049 |
5.88%,
04/01/35
|
250,000 |
254,325 |
6.25%,
10/01/39
|
325,000 |
341,827 |
4.88%,
03/15/42
(a) |
200,000 |
184,873 |
5.45%,
06/09/44
(a) |
175,000 |
166,433 |
Nucor
Corp. | ||
2.00%,
06/01/25
(a) |
150,000 |
139,817 |
3.95%,
05/01/28
(a) |
200,000 |
189,193 |
2.70%,
06/01/30
(a) |
250,000 |
212,850 |
6.40%,
12/01/37
|
100,000 |
107,944 |
2.98%,
12/15/55
(a) |
400,000 |
250,021 |
Nutrien
Ltd. | ||
3.00%,
04/01/25
(a) |
100,000 |
95,444 |
4.00%,
12/15/26
(a) |
150,000 |
146,136 |
4.20%,
04/01/29
(a) |
250,000 |
235,462 |
4.13%,
03/15/35
(a) |
150,000 |
129,815 |
5.88%,
12/01/36
|
125,000 |
127,359 |
5.63%,
12/01/40
|
50,000 |
48,477 |
6.13%,
01/15/41
(a) |
200,000 |
206,391 |
4.90%,
06/01/43
(a) |
200,000 |
176,989 |
5.25%,
01/15/45
(a) |
125,000 |
114,640 |
5.00%,
04/01/49
(a) |
50,000 |
44,954 |
3.95%,
05/13/50
(a) |
250,000 |
191,682 |
Packaging
Corp. of America | ||
3.65%,
09/15/24
(a) |
150,000 |
146,095 |
3.40%,
12/15/27
(a) |
200,000 |
184,646 |
4.05%,
12/15/49
(a) |
150,000 |
115,838 |
3.05%,
10/01/51
(a) |
200,000 |
129,009 |
PPG
Industries, Inc. | ||
2.40%,
08/15/24
(a) |
100,000 |
95,696 |
3.75%,
03/15/28
(a) |
300,000 |
285,840 |
2.80%,
08/15/29
(a) |
150,000 |
129,755 |
2.55%,
06/15/30
(a) |
100,000 |
83,933 |
Rayonier
LP | ||
2.75%,
05/17/31
(a) |
125,000 |
100,358 |
Reliance
Steel & Aluminum Co. | ||
1.30%,
08/15/25
(a) |
75,000 |
67,922 |
2.15%,
08/15/30
(a) |
250,000 |
198,418 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Rio
Tinto Alcan, Inc. | ||
7.25%,
03/15/31
|
281,000 |
320,038 |
6.13%,
12/15/33
|
50,000 |
53,671 |
5.75%,
06/01/35
|
50,000 |
51,312 |
Rio
Tinto Finance USA Ltd. | ||
7.13%,
07/15/28
|
250,000 |
275,941 |
5.20%,
11/02/40
|
350,000 |
349,789 |
2.75%,
11/02/51
(a) |
250,000 |
166,211 |
Rio
Tinto Finance USA PLC | ||
4.75%,
03/22/42
(a) |
200,000 |
188,151 |
4.13%,
08/21/42
(a) |
150,000 |
129,788 |
RPM
International, Inc. | ||
3.75%,
03/15/27
(a) |
250,000 |
233,193 |
4.25%,
01/15/48
(a) |
250,000 |
188,254 |
Sherwin-Williams
Co. | ||
3.13%,
06/01/24
(a) |
250,000 |
242,989 |
3.45%,
08/01/25
(a) |
150,000 |
144,479 |
3.95%,
01/15/26
(a) |
100,000 |
97,592 |
3.45%,
06/01/27
(a) |
550,000 |
516,514 |
2.95%,
08/15/29
(a) |
300,000 |
263,528 |
2.30%,
05/15/30
(a) |
200,000 |
164,653 |
4.55%,
08/01/45
(a) |
150,000 |
127,168 |
4.50%,
06/01/47
(a) |
400,000 |
336,725 |
3.80%,
08/15/49
(a) |
200,000 |
150,310 |
3.30%,
05/15/50
(a) |
200,000 |
137,685 |
Southern
Copper Corp. | ||
3.88%,
04/23/25
|
200,000 |
194,345 |
7.50%,
07/27/35
|
350,000 |
407,014 |
6.75%,
04/16/40
|
200,000 |
224,186 |
5.25%,
11/08/42
|
300,000 |
288,007 |
5.88%,
04/23/45
|
345,000 |
354,785 |
Steel
Dynamics, Inc. | ||
2.40%,
06/15/25
(a) |
150,000 |
140,679 |
5.00%,
12/15/26
(a) |
175,000 |
174,842 |
1.65%,
10/15/27
(a) |
100,000 |
84,045 |
3.45%,
04/15/30
(a) |
200,000 |
176,328 |
3.25%,
01/15/31
(a) |
150,000 |
128,690 |
3.25%,
10/15/50
(a) |
150,000 |
98,058 |
Suzano
Austria GmbH | ||
6.00%,
01/15/29
(a) |
550,000 |
549,142 |
5.00%,
01/15/30
(a) |
300,000 |
282,377 |
3.75%,
01/15/31
(a) |
325,000 |
273,009 |
3.13%,
01/15/32
(a) |
350,000 |
273,747 |
Teck
Resources Ltd. | ||
3.90%,
07/15/30
(a) |
250,000 |
224,896 |
6.13%,
10/01/35
|
200,000 |
198,340 |
6.00%,
08/15/40
(a) |
240,000 |
231,234 |
5.40%,
02/01/43
(a) |
100,000 |
89,885 |
Vale
Overseas Ltd. | ||
6.25%,
08/10/26
|
400,000 |
415,343 |
3.75%,
07/08/30
(a) |
500,000 |
439,259 |
6.88%,
11/21/36
|
523,000 |
555,103 |
6.88%,
11/10/39
|
375,000 |
396,391 |
Westlake
Chemical Corp. | ||
3.60%,
08/15/26
(a) |
250,000 |
235,186 |
3.38%,
06/15/30
(a) |
150,000 |
129,230 |
2.88%,
08/15/41
(a) |
75,000 |
49,521 |
5.00%,
08/15/46
(a) |
150,000 |
125,796 |
4.38%,
11/15/47
(a) |
130,000 |
98,538 |
3.13%,
08/15/51
(a) |
200,000 |
124,294 |
3.38%,
08/15/61
(a) |
150,000 |
88,993 |
WestRock
MWV LLC | ||
8.20%,
01/15/30
|
40,000 |
45,365 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Weyerhaeuser
Co. | ||
6.95%,
10/01/27
|
200,000 |
214,242 |
4.00%,
11/15/29
(a) |
175,000 |
160,475 |
7.38%,
03/15/32
|
450,000 |
500,008 |
WRKCo,
Inc. | ||
3.00%,
09/15/24
(a) |
100,000 |
95,649 |
3.75%,
03/15/25
(a) |
200,000 |
193,807 |
4.65%,
03/15/26
(a) |
250,000 |
246,168 |
3.90%,
06/01/28
(a) |
250,000 |
230,904 |
4.90%,
03/15/29
(a) |
300,000 |
289,416 |
4.20%,
06/01/32
(a) |
300,000 |
270,643 |
3.00%,
06/15/33
(a) |
250,000 |
199,964 |
Yamana
Gold, Inc. | ||
2.63%,
08/15/31
(a)(c) |
150,000 |
112,827 |
|
|
43,940,745 |
Capital
Goods 1.3%
| ||
3M
Co. | ||
3.25%,
02/14/24
(a) |
250,000 |
245,506 |
2.00%,
02/14/25
(a) |
200,000 |
189,519 |
2.65%,
04/15/25
(a) |
250,000 |
239,021 |
3.00%,
08/07/25
|
200,000 |
191,944 |
2.25%,
09/19/26
(a) |
100,000 |
92,415 |
2.88%,
10/15/27
(a) |
300,000 |
278,060 |
3.38%,
03/01/29
(a) |
150,000 |
138,185 |
2.38%,
08/26/29
(a) |
350,000 |
297,511 |
3.05%,
04/15/30
(a) |
200,000 |
176,154 |
3.13%,
09/19/46
(a) |
200,000 |
137,332 |
3.63%,
10/15/47
(a) |
250,000 |
187,221 |
4.00%,
09/14/48
(a)(d) |
300,000 |
237,337 |
3.25%,
08/26/49
(a) |
300,000 |
209,905 |
3.70%,
04/15/50
(a) |
250,000 |
192,732 |
ABB
Finance USA, Inc. | ||
3.80%,
04/03/28
(a) |
200,000 |
189,001 |
Acuity
Brands Lighting, Inc. | ||
2.15%,
12/15/30
(a) |
200,000 |
154,241 |
Allegion
PLC | ||
3.50%,
10/01/29
(a) |
110,000 |
95,080 |
Allegion
US Holding Co., Inc. | ||
3.20%,
10/01/24
(a) |
350,000 |
336,761 |
Amcor
Finance USA, Inc. | ||
3.63%,
04/28/26
(a) |
80,000 |
75,919 |
4.50%,
05/15/28
(a) |
150,000 |
142,419 |
Amcor
Flexibles North America, Inc. | ||
2.63%,
06/19/30
(a) |
250,000 |
203,283 |
2.69%,
05/25/31
(a) |
250,000 |
203,744 |
Amphenol
Corp. | ||
2.05%,
03/01/25
(a) |
100,000 |
93,970 |
4.35%,
06/01/29
(a) |
200,000 |
191,025 |
2.80%,
02/15/30
(a) |
300,000 |
256,994 |
Avery
Dennison Corp. | ||
4.88%,
12/06/28
(a) |
200,000 |
195,205 |
2.65%,
04/30/30
(a) |
200,000 |
164,651 |
Berry
Global, Inc. | ||
0.95%,
02/15/24
(a) |
150,000 |
142,633 |
1.57%,
01/15/26
(a) |
600,000 |
536,233 |
1.65%,
01/15/27
(a) |
100,000 |
85,582 |
Boeing
Co. | ||
1.95%,
02/01/24
|
250,000 |
240,923 |
1.43%,
02/04/24
(a) |
700,000 |
670,140 |
2.80%,
03/01/24
(a) |
150,000 |
145,384 |
2.85%,
10/30/24
(a) |
100,000 |
95,916 |
4.88%,
05/01/25
(a) |
1,000,000 |
992,603 |
2.60%,
10/30/25
(a) |
100,000 |
93,420 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.75%,
02/01/26
(a) |
400,000 |
371,662 |
2.20%,
02/04/26
(a) |
1,550,000 |
1,409,720 |
3.10%,
05/01/26
(a) |
200,000 |
188,498 |
2.25%,
06/15/26
(a) |
50,000 |
45,174 |
2.70%,
02/01/27
(a) |
300,000 |
271,328 |
2.80%,
03/01/27
(a) |
150,000 |
135,525 |
5.04%,
05/01/27
(a) |
650,000 |
644,037 |
3.25%,
03/01/28
(a) |
100,000 |
89,787 |
3.45%,
11/01/28
(a) |
150,000 |
135,052 |
3.20%,
03/01/29
(a) |
300,000 |
264,527 |
2.95%,
02/01/30
(a) |
250,000 |
212,180 |
5.15%,
05/01/30
(a) |
1,300,000 |
1,269,355 |
3.63%,
02/01/31
(a) |
400,000 |
350,830 |
6.13%,
02/15/33
|
150,000 |
152,973 |
3.60%,
05/01/34
(a) |
250,000 |
199,834 |
3.25%,
02/01/35
(a) |
250,000 |
190,311 |
6.63%,
02/15/38
|
100,000 |
104,244 |
3.55%,
03/01/38
(a) |
150,000 |
111,218 |
3.50%,
03/01/39
(a) |
150,000 |
109,256 |
6.88%,
03/15/39
|
100,000 |
105,869 |
5.88%,
02/15/40
|
150,000 |
144,707 |
5.71%,
05/01/40
(a) |
850,000 |
811,541 |
3.63%,
03/01/48
(a) |
125,000 |
83,421 |
3.85%,
11/01/48
(a) |
75,000 |
52,049 |
3.90%,
05/01/49
(a) |
150,000 |
105,931 |
3.75%,
02/01/50
(a) |
475,000 |
328,573 |
5.81%,
05/01/50
(a) |
1,500,000 |
1,395,823 |
3.83%,
03/01/59
(a) |
100,000 |
64,427 |
3.95%,
08/01/59
(a) |
300,000 |
202,138 |
5.93%,
05/01/60
(a) |
950,000 |
874,327 |
Carlisle
Cos., Inc. | ||
3.50%,
12/01/24
(a) |
400,000 |
387,204 |
2.75%,
03/01/30
(a) |
250,000 |
208,451 |
Carrier
Global Corp. | ||
2.24%,
02/15/25
(a) |
450,000 |
424,742 |
2.49%,
02/15/27
(a) |
89,000 |
80,385 |
2.72%,
02/15/30
(a) |
600,000 |
506,716 |
2.70%,
02/15/31
(a)(c) |
250,000 |
206,497 |
3.38%,
04/05/40
(a) |
400,000 |
303,480 |
3.58%,
04/05/50
(a)(c) |
550,000 |
394,677 |
Caterpillar
Financial Services Corp. | ||
0.95%,
01/10/24
|
350,000 |
336,716 |
2.85%,
05/17/24
|
150,000 |
145,895 |
3.30%,
06/09/24
|
250,000 |
244,525 |
0.60%,
09/13/24
|
200,000 |
186,585 |
2.15%,
11/08/24
|
450,000 |
429,330 |
3.25%,
12/01/24
|
100,000 |
97,202 |
3.40%,
05/13/25
|
400,000 |
389,115 |
1.45%,
05/15/25
|
300,000 |
278,905 |
0.80%,
11/13/25
|
500,000 |
449,531 |
0.90%,
03/02/26
|
300,000 |
267,806 |
1.10%,
09/14/27
|
450,000 |
385,366 |
Caterpillar,
Inc. | ||
3.40%,
05/15/24
(a) |
600,000 |
588,727 |
2.60%,
04/09/30
(a) |
250,000 |
218,267 |
6.05%,
08/15/36
|
225,000 |
245,897 |
5.20%,
05/27/41
|
275,000 |
280,473 |
3.80%,
08/15/42
|
250,000 |
213,294 |
4.30%,
05/15/44
(a) |
175,000 |
159,916 |
3.25%,
09/19/49
(a) |
400,000 |
303,938 |
3.25%,
04/09/50
(a) |
450,000 |
344,205 |
4.75%,
05/15/64
(a) |
200,000 |
191,153 |
CNH
Industrial Capital LLC | ||
4.20%,
01/15/24
|
240,000 |
237,233 |
1.88%,
01/15/26
(a) |
200,000 |
182,612 |
1.45%,
07/15/26
(a) |
50,000 |
44,271 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CNH
Industrial NV | ||
3.85%,
11/15/27
(a) |
250,000 |
235,460 |
Crane
Co. | ||
4.20%,
03/15/48
(a) |
150,000 |
106,795 |
Deere
& Co. | ||
2.75%,
04/15/25
(a) |
500,000 |
480,616 |
5.38%,
10/16/29
|
250,000 |
259,544 |
3.10%,
04/15/30
(a) |
350,000 |
314,592 |
7.13%,
03/03/31
|
150,000 |
172,612 |
3.90%,
06/09/42
(a) |
250,000 |
222,283 |
2.88%,
09/07/49
(a) |
200,000 |
143,642 |
3.75%,
04/15/50
(a) |
300,000 |
254,746 |
Dover
Corp. | ||
2.95%,
11/04/29
(a) |
150,000 |
130,670 |
5.38%,
10/15/35
|
100,000 |
98,042 |
5.38%,
03/01/41
(a) |
150,000 |
145,124 |
Eagle
Materials, Inc. | ||
2.50%,
07/01/31
(a) |
250,000 |
196,081 |
Eaton
Corp. | ||
3.10%,
09/15/27
(a) |
200,000 |
186,668 |
4.00%,
11/02/32
|
200,000 |
184,647 |
4.15%,
03/15/33
(a) |
300,000 |
279,848 |
4.15%,
11/02/42
|
350,000 |
299,965 |
4.70%,
08/23/52
(a) |
200,000 |
182,502 |
Emerson
Electric Co. | ||
0.88%,
10/15/26
(a) |
200,000 |
173,413 |
1.80%,
10/15/27
(a) |
350,000 |
306,230 |
1.95%,
10/15/30
(a) |
300,000 |
243,461 |
2.20%,
12/21/31
(a) |
250,000 |
202,560 |
5.25%,
11/15/39
|
140,000 |
137,720 |
2.75%,
10/15/50
(a) |
200,000 |
130,169 |
2.80%,
12/21/51
(a) |
250,000 |
162,385 |
Flowserve
Corp. | ||
3.50%,
10/01/30
(a) |
350,000 |
291,968 |
Fortive
Corp. | ||
3.15%,
06/15/26
(a) |
250,000 |
233,935 |
4.30%,
06/15/46
(a) |
200,000 |
156,156 |
Fortune
Brands Home & Security, Inc. | ||
4.00%,
06/15/25
(a) |
250,000 |
243,429 |
3.25%,
09/15/29
(a) |
350,000 |
303,760 |
GE
Capital Funding LLC | ||
4.55%,
05/15/32
(a) |
200,000 |
190,315 |
GE
Capital International Funding Co. | ||
3.37%,
11/15/25
|
200,000 |
191,883 |
General
Dynamics Corp. | ||
2.38%,
11/15/24
(a) |
100,000 |
95,575 |
3.25%,
04/01/25
(a) |
250,000 |
242,564 |
3.50%,
05/15/25
(a) |
250,000 |
243,784 |
2.13%,
08/15/26
(a) |
150,000 |
137,779 |
3.50%,
04/01/27
(a) |
250,000 |
239,447 |
2.63%,
11/15/27
(a) |
150,000 |
136,705 |
3.75%,
05/15/28
(a) |
300,000 |
286,479 |
3.63%,
04/01/30
(a) |
300,000 |
280,150 |
2.25%,
06/01/31
(a) |
200,000 |
167,696 |
4.25%,
04/01/40
(a) |
300,000 |
273,881 |
3.60%,
11/15/42
(a) |
150,000 |
123,206 |
4.25%,
04/01/50
(a) |
175,000 |
156,217 |
General
Electric Co. | ||
6.75%,
03/15/32
|
500,000 |
555,208 |
5.88%,
01/14/38
|
100,000 |
101,980 |
6.88%,
01/10/39
|
100,000 |
110,496 |
4.35%,
05/01/50
(a) |
175,000 |
145,217 |
Hexcel
Corp. | ||
4.95%,
08/15/25
(a) |
150,000 |
146,458 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Honeywell
International, Inc. | ||
2.30%,
08/15/24
(a) |
250,000 |
240,316 |
1.35%,
06/01/25
(a) |
400,000 |
370,279 |
2.50%,
11/01/26
(a) |
450,000 |
415,832 |
1.10%,
03/01/27
(a) |
250,000 |
218,168 |
2.70%,
08/15/29
(a) |
350,000 |
311,497 |
1.95%,
06/01/30
(a) |
300,000 |
248,536 |
1.75%,
09/01/31
(a) |
400,000 |
317,204 |
5.70%,
03/15/37
|
200,000 |
211,655 |
3.81%,
11/21/47
(a) |
300,000 |
250,310 |
2.80%,
06/01/50
(a) |
250,000 |
179,190 |
Hubbell,
Inc. | ||
3.35%,
03/01/26
(a) |
50,000 |
47,604 |
3.15%,
08/15/27
(a) |
100,000 |
91,373 |
3.50%,
02/15/28
(a) |
150,000 |
138,146 |
2.30%,
03/15/31
(a) |
150,000 |
119,750 |
Huntington
Ingalls Industries, Inc. | ||
3.48%,
12/01/27
(a) |
190,000 |
172,943 |
4.20%,
05/01/30
(a) |
250,000 |
227,052 |
IDEX
Corp. | ||
3.00%,
05/01/30
(a) |
350,000 |
301,898 |
Illinois
Tool Works, Inc. | ||
3.50%,
03/01/24
(a) |
115,000 |
113,334 |
2.65%,
11/15/26
(a) |
300,000 |
279,195 |
4.88%,
09/15/41
(a) |
150,000 |
146,226 |
3.90%,
09/01/42
(a) |
350,000 |
299,108 |
John
Deere Capital Corp. | ||
3.45%,
01/10/24
|
200,000 |
197,470 |
2.60%,
03/07/24
|
300,000 |
292,439 |
2.65%,
06/24/24
|
475,000 |
460,286 |
4.55%,
10/11/24
|
200,000 |
199,765 |
2.05%,
01/09/25
|
250,000 |
237,596 |
1.25%,
01/10/25
|
500,000 |
468,369 |
2.13%,
03/07/25
|
250,000 |
236,672 |
3.45%,
03/13/25
|
75,000 |
73,094 |
3.40%,
06/06/25
|
250,000 |
242,944 |
3.40%,
09/11/25
|
200,000 |
193,821 |
0.70%,
01/15/26
|
200,000 |
178,146 |
2.65%,
06/10/26
|
200,000 |
187,784 |
1.05%,
06/17/26
|
250,000 |
222,194 |
2.25%,
09/14/26
|
400,000 |
369,480 |
1.75%,
03/09/27
|
150,000 |
133,815 |
2.80%,
09/08/27
|
350,000 |
323,021 |
3.05%,
01/06/28
|
50,000 |
46,795 |
3.45%,
03/07/29
|
200,000 |
186,001 |
2.80%,
07/18/29
|
400,000 |
356,927 |
2.45%,
01/09/30
|
200,000 |
172,637 |
2.00%,
06/17/31
|
200,000 |
162,137 |
Johnson
Controls International plc | ||
3.63%,
07/02/24
(a) |
150,000 |
146,953 |
3.90%,
02/14/26
(a) |
183,000 |
177,850 |
1.75%,
09/15/30
(a) |
150,000 |
119,830 |
6.00%,
01/15/36
|
382,000 |
397,374 |
4.63%,
07/02/44
(a) |
200,000 |
173,178 |
5.13%,
09/14/45
(a) |
174,000 |
159,063 |
4.50%,
02/15/47
(a) |
50,000 |
41,495 |
Kennametal,
Inc. | ||
4.63%,
06/15/28
(a) |
200,000 |
188,082 |
L3Harris
Technologies, Inc. | ||
3.95%,
05/28/24
(a) |
100,000 |
98,353 |
3.83%,
04/27/25
(a) |
200,000 |
194,651 |
3.85%,
12/15/26
(a) |
200,000 |
191,270 |
4.40%,
06/15/28
(a) |
545,000 |
525,864 |
2.90%,
12/15/29
(a) |
150,000 |
128,440 |
1.80%,
01/15/31
(a) |
200,000 |
153,977 |
4.85%,
04/27/35
(a) |
100,000 |
93,310 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.15%,
12/15/40
|
50,000 |
51,383 |
5.05%,
04/27/45
(a) |
100,000 |
90,043 |
Lafarge
S.A. | ||
7.13%,
07/15/36
|
150,000 |
159,486 |
Leggett
& Platt, Inc. | ||
3.50%,
11/15/27
(a) |
200,000 |
183,947 |
4.40%,
03/15/29
(a) |
226,000 |
213,001 |
3.50%,
11/15/51
(a) |
150,000 |
104,956 |
Legrand
France S.A. | ||
8.50%,
02/15/25
|
150,000 |
162,174 |
Lennox
International, Inc. | ||
1.35%,
08/01/25
(a) |
100,000 |
90,399 |
1.70%,
08/01/27
(a) |
130,000 |
111,871 |
Lockheed
Martin Corp. | ||
3.55%,
01/15/26
(a) |
225,000 |
218,826 |
5.10%,
11/15/27
(a) |
200,000 |
204,980 |
1.85%,
06/15/30
(a) |
150,000 |
123,182 |
5.25%,
01/15/33
(a) |
250,000 |
258,734 |
3.60%,
03/01/35
(a) |
100,000 |
88,846 |
4.50%,
05/15/36
(a) |
100,000 |
95,576 |
6.15%,
09/01/36
|
200,000 |
217,440 |
5.72%,
06/01/40
|
165,000 |
174,441 |
4.07%,
12/15/42
|
450,000 |
389,302 |
3.80%,
03/01/45
(a) |
300,000 |
246,219 |
4.70%,
05/15/46
(a) |
350,000 |
327,614 |
2.80%,
06/15/50
(a) |
250,000 |
170,089 |
4.09%,
09/15/52
(a) |
400,000 |
339,335 |
4.15%,
06/15/53
(a) |
350,000 |
298,266 |
5.70%,
11/15/54
(a) |
250,000 |
265,266 |
4.30%,
06/15/62
(a) |
200,000 |
168,955 |
5.90%,
11/15/63
(a) |
200,000 |
216,021 |
Martin
Marietta Materials, Inc. | ||
4.25%,
07/02/24
(a) |
100,000 |
98,738 |
3.45%,
06/01/27
(a) |
25,000 |
23,311 |
3.50%,
12/15/27
(a) |
150,000 |
139,448 |
2.50%,
03/15/30
(a) |
200,000 |
165,471 |
2.40%,
07/15/31
(a) |
300,000 |
240,290 |
4.25%,
12/15/47
(a) |
300,000 |
243,445 |
Masco
Corp. | ||
2.00%,
10/01/30
(a) |
350,000 |
272,549 |
4.50%,
05/15/47
(a) |
175,000 |
138,276 |
Mohawk
Industries, Inc. | ||
3.63%,
05/15/30
(a) |
200,000 |
172,821 |
Northrop
Grumman Corp. | ||
2.93%,
01/15/25
(a) |
450,000 |
431,996 |
3.20%,
02/01/27
(a) |
300,000 |
282,165 |
3.25%,
01/15/28
(a) |
450,000 |
416,771 |
4.40%,
05/01/30
(a) |
200,000 |
192,758 |
5.15%,
05/01/40
(a) |
100,000 |
97,595 |
5.05%,
11/15/40
|
100,000 |
95,944 |
4.75%,
06/01/43
|
300,000 |
277,837 |
3.85%,
04/15/45
(a) |
200,000 |
160,030 |
4.03%,
10/15/47
(a) |
600,000 |
497,957 |
5.25%,
05/01/50
(a) |
300,000 |
296,772 |
nVent
Finance Sarl | ||
4.55%,
04/15/28
(a) |
200,000 |
185,021 |
2.75%,
11/15/31
(a) |
100,000 |
76,876 |
Oshkosh
Corp. | ||
3.10%,
03/01/30
(a) |
150,000 |
126,982 |
Otis
Worldwide Corp. | ||
2.06%,
04/05/25
(a) |
400,000 |
374,845 |
2.29%,
04/05/27
(a) |
200,000 |
179,797 |
2.57%,
02/15/30
(a) |
450,000 |
378,853 |
3.11%,
02/15/40
(a) |
50,000 |
36,885 |
3.36%,
02/15/50
(a) |
300,000 |
210,682 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Owens
Corning | ||
3.40%,
08/15/26
(a) |
225,000 |
211,320 |
3.95%,
08/15/29
(a) |
150,000 |
136,407 |
3.88%,
06/01/30
(a) |
100,000 |
89,127 |
7.00%,
12/01/36
|
145,000 |
155,567 |
4.30%,
07/15/47
(a) |
100,000 |
77,983 |
4.40%,
01/30/48
(a) |
150,000 |
117,276 |
Parker-Hannifin
Corp. | ||
2.70%,
06/14/24
(a) |
200,000 |
192,932 |
3.65%,
06/15/24
|
400,000 |
391,684 |
3.25%,
03/01/27
(a) |
100,000 |
93,635 |
4.25%,
09/15/27
(a) |
400,000 |
389,168 |
3.25%,
06/14/29
(a) |
370,000 |
331,489 |
4.20%,
11/21/34
(a) |
150,000 |
135,167 |
6.25%,
05/15/38
|
150,000 |
155,887 |
4.45%,
11/21/44
(a) |
200,000 |
172,469 |
4.10%,
03/01/47
(a) |
150,000 |
120,083 |
4.00%,
06/14/49
(a) |
250,000 |
197,875 |
Pentair
Finance Sarl | ||
4.50%,
07/01/29
(a) |
250,000 |
232,042 |
Precision
Castparts Corp. | ||
3.25%,
06/15/25
(a) |
200,000 |
193,748 |
3.90%,
01/15/43
(a) |
150,000 |
125,843 |
4.38%,
06/15/45
(a) |
139,000 |
121,894 |
Raytheon
Technologies Corp. | ||
3.20%,
03/15/24
(a) |
350,000 |
342,526 |
3.95%,
08/16/25
(a) |
400,000 |
391,175 |
2.65%,
11/01/26
(a) |
250,000 |
230,787 |
3.50%,
03/15/27
(a) |
200,000 |
190,924 |
3.13%,
05/04/27
(a) |
350,000 |
326,648 |
7.20%,
08/15/27
|
50,000 |
55,231 |
4.13%,
11/16/28
(a) |
900,000 |
863,521 |
7.50%,
09/15/29
|
250,000 |
283,948 |
2.25%,
07/01/30
(a) |
250,000 |
208,343 |
1.90%,
09/01/31
(a) |
350,000 |
274,980 |
5.40%,
05/01/35
|
250,000 |
251,119 |
6.05%,
06/01/36
|
100,000 |
105,949 |
6.13%,
07/15/38
|
200,000 |
213,974 |
4.45%,
11/16/38
(a) |
300,000 |
273,492 |
5.70%,
04/15/40
|
100,000 |
102,488 |
4.88%,
10/15/40
(c) |
150,000 |
140,420 |
4.70%,
12/15/41
|
150,000 |
137,198 |
4.50%,
06/01/42
|
1,000,000 |
900,258 |
4.80%,
12/15/43
(a) |
165,000 |
150,746 |
4.15%,
05/15/45
(a) |
275,000 |
229,601 |
3.75%,
11/01/46
(a) |
350,000 |
273,256 |
4.35%,
04/15/47
(a) |
150,000 |
129,056 |
4.05%,
05/04/47
(a) |
150,000 |
123,395 |
4.63%,
11/16/48
(a) |
350,000 |
317,291 |
3.13%,
07/01/50
(a) |
300,000 |
211,522 |
2.82%,
09/01/51
(a) |
350,000 |
228,810 |
Republic
Services, Inc. | ||
2.50%,
08/15/24
(a) |
350,000 |
335,550 |
0.88%,
11/15/25
(a) |
200,000 |
178,776 |
2.90%,
07/01/26
(a) |
200,000 |
187,028 |
3.38%,
11/15/27
(a) |
300,000 |
280,135 |
3.95%,
05/15/28
(a) |
75,000 |
71,516 |
2.30%,
03/01/30
(a) |
250,000 |
209,709 |
1.45%,
02/15/31
(a) |
250,000 |
192,517 |
1.75%,
02/15/32
(a) |
250,000 |
192,642 |
6.20%,
03/01/40
|
100,000 |
106,121 |
3.05%,
03/01/50
(a) |
150,000 |
104,036 |
Rockwell
Automation, Inc. | ||
3.50%,
03/01/29
(a) |
100,000 |
93,454 |
1.75%,
08/15/31
(a) |
200,000 |
158,096 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.20%,
03/01/49
(a) |
200,000 |
172,012 |
2.80%,
08/15/61
(a) |
150,000 |
90,027 |
Roper
Technologies, Inc. | ||
2.35%,
09/15/24
(a) |
250,000 |
238,690 |
1.00%,
09/15/25
(a) |
250,000 |
224,567 |
3.85%,
12/15/25
(a) |
100,000 |
97,039 |
3.80%,
12/15/26
(a) |
150,000 |
143,499 |
1.40%,
09/15/27
(a) |
200,000 |
169,766 |
4.20%,
09/15/28
(a) |
50,000 |
48,309 |
2.95%,
09/15/29
(a) |
200,000 |
173,788 |
2.00%,
06/30/30
(a) |
250,000 |
200,183 |
1.75%,
02/15/31
(a) |
250,000 |
192,645 |
Snap-on,
Inc. | ||
4.10%,
03/01/48
(a) |
100,000 |
84,583 |
3.10%,
05/01/50
(a) |
200,000 |
143,007 |
Sonoco
Products Co. | ||
1.80%,
02/01/25
(a) |
125,000 |
116,305 |
3.13%,
05/01/30
(a) |
300,000 |
258,126 |
2.85%,
02/01/32
(a) |
100,000 |
81,404 |
5.75%,
11/01/40
(a) |
180,000 |
175,148 |
Stanley
Black & Decker, Inc. | ||
2.30%,
02/24/25
(a) |
150,000 |
142,034 |
3.40%,
03/01/26
(a) |
100,000 |
95,487 |
4.25%,
11/15/28
(a) |
150,000 |
143,720 |
2.30%,
03/15/30
(a) |
250,000 |
206,070 |
5.20%,
09/01/40
|
109,000 |
103,179 |
4.85%,
11/15/48
(a) |
200,000 |
175,065 |
2.75%,
11/15/50
(a) |
250,000 |
152,887 |
4.00%,
03/15/60
(a)(b) |
250,000 |
215,575 |
Teledyne
Technologies, Inc. | ||
1.60%,
04/01/26
(a) |
250,000 |
223,687 |
2.25%,
04/01/28
(a) |
200,000 |
172,966 |
2.75%,
04/01/31
(a) |
300,000 |
246,357 |
Textron,
Inc. | ||
4.30%,
03/01/24
(a) |
100,000 |
98,882 |
3.88%,
03/01/25
(a) |
100,000 |
97,435 |
4.00%,
03/15/26
(a) |
150,000 |
144,677 |
3.65%,
03/15/27
(a) |
250,000 |
234,032 |
3.38%,
03/01/28
(a) |
100,000 |
91,071 |
3.90%,
09/17/29
(a) |
150,000 |
136,318 |
2.45%,
03/15/31
(a) |
150,000 |
120,659 |
Timken
Co. | ||
3.88%,
09/01/24
(a) |
150,000 |
146,457 |
4.50%,
12/15/28
(a) |
150,000 |
142,989 |
Trane
Technologies Global Holding Co., Ltd. | ||
3.75%,
08/21/28
(a) |
300,000 |
284,152 |
5.75%,
06/15/43
|
200,000 |
197,381 |
4.30%,
02/21/48
(a) |
150,000 |
116,260 |
Trane
Technologies Luxembourg Finance S.A. | ||
3.80%,
03/21/29
(a) |
200,000 |
184,737 |
4.65%,
11/01/44
(a) |
100,000 |
84,396 |
Valmont
Industries, Inc. | ||
5.00%,
10/01/44
(a) |
180,000 |
155,492 |
5.25%,
10/01/54
(a) |
100,000 |
86,190 |
Vontier
Corp. | ||
1.80%,
04/01/26
(a) |
200,000 |
169,399 |
2.40%,
04/01/28
(a) |
150,000 |
118,892 |
2.95%,
04/01/31
(a) |
225,000 |
165,209 |
Vulcan
Materials Co. | ||
3.90%,
04/01/27
(a) |
150,000 |
142,671 |
3.50%,
06/01/30
(a) |
250,000 |
220,881 |
4.50%,
06/15/47
(a) |
250,000 |
209,528 |
4.70%,
03/01/48
(a) |
150,000 |
128,869 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Waste
Connections, Inc. | ||
4.25%,
12/01/28
(a) |
200,000 |
191,809 |
3.50%,
05/01/29
(a) |
209,000 |
191,660 |
2.60%,
02/01/30
(a) |
250,000 |
213,362 |
2.20%,
01/15/32
(a) |
200,000 |
159,301 |
3.20%,
06/01/32
(a) |
250,000 |
214,399 |
2.95%,
01/15/52
(a) |
300,000 |
199,888 |
Waste
Management, Inc. | ||
0.75%,
11/15/25
(a) |
300,000 |
268,989 |
3.15%,
11/15/27
(a) |
325,000 |
303,710 |
1.15%,
03/15/28
(a) |
250,000 |
208,959 |
1.50%,
03/15/31
(a) |
50,000 |
39,176 |
4.15%,
04/15/32
(a) |
100,000 |
95,251 |
4.10%,
03/01/45
(a) |
250,000 |
216,698 |
4.15%,
07/15/49
(a) |
300,000 |
262,186 |
2.50%,
11/15/50
(a) |
300,000 |
187,679 |
Westinghouse
Air Brake Technologies Corp. | ||
4.40%,
03/15/24
(a)(f) |
300,000 |
295,384 |
3.20%,
06/15/25
(a) |
200,000 |
188,484 |
3.45%,
11/15/26
(a) |
150,000 |
139,981 |
4.95%,
09/15/28
(a)(f) |
300,000 |
288,693 |
WW
Grainger, Inc. | ||
1.85%,
02/15/25
(a) |
300,000 |
281,880 |
4.60%,
06/15/45
(a) |
150,000 |
136,865 |
4.20%,
05/15/47
(a) |
225,000 |
189,946 |
Xylem,
Inc. | ||
3.25%,
11/01/26
(a) |
185,000 |
173,917 |
1.95%,
01/30/28
(a) |
100,000 |
86,065 |
2.25%,
01/30/31
(a) |
200,000 |
162,553 |
4.38%,
11/01/46
(a) |
145,000 |
120,646 |
|
|
86,282,646 |
Communications
2.1%
| ||
Activision
Blizzard, Inc. | ||
3.40%,
09/15/26
(a) |
250,000 |
238,420 |
3.40%,
06/15/27
(a) |
100,000 |
94,735 |
1.35%,
09/15/30
(a) |
175,000 |
136,982 |
4.50%,
06/15/47
(a) |
78,000 |
68,644 |
2.50%,
09/15/50
(a) |
400,000 |
247,620 |
America
Movil S.A.B. de C.V. | ||
3.63%,
04/22/29
(a) |
300,000 |
273,764 |
2.88%,
05/07/30
(a) |
350,000 |
300,291 |
6.38%,
03/01/35
|
350,000 |
374,505 |
6.13%,
11/15/37
|
100,000 |
104,954 |
6.13%,
03/30/40
|
625,000 |
647,794 |
4.38%,
07/16/42
|
300,000 |
257,879 |
4.38%,
04/22/49
(a) |
350,000 |
299,140 |
American
Tower Corp. | ||
5.00%,
02/15/24
|
350,000 |
349,503 |
3.38%,
05/15/24
(a) |
300,000 |
292,158 |
2.95%,
01/15/25
(a) |
280,000 |
267,360 |
2.40%,
03/15/25
(a) |
350,000 |
329,792 |
4.00%,
06/01/25
(a) |
100,000 |
97,519 |
4.40%,
02/15/26
(a) |
100,000 |
97,647 |
1.60%,
04/15/26
(a) |
350,000 |
311,702 |
3.38%,
10/15/26
(a) |
250,000 |
234,154 |
2.75%,
01/15/27
(a) |
65,000 |
58,980 |
3.13%,
01/15/27
(a) |
150,000 |
137,830 |
3.65%,
03/15/27
(a) |
250,000 |
233,999 |
3.55%,
07/15/27
(a) |
250,000 |
231,685 |
3.60%,
01/15/28
(a) |
300,000 |
276,508 |
1.50%,
01/31/28
(a) |
250,000 |
207,440 |
3.95%,
03/15/29
(a) |
200,000 |
184,270 |
3.80%,
08/15/29
(a) |
650,000 |
591,945 |
2.90%,
01/15/30
(a) |
150,000 |
127,369 |
1.88%,
10/15/30
(a) |
250,000 |
193,103 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.30%,
09/15/31
(a) |
200,000 |
155,890 |
4.05%,
03/15/32
(a) |
250,000 |
223,955 |
3.70%,
10/15/49
(a) |
200,000 |
142,603 |
3.10%,
06/15/50
(a) |
375,000 |
239,990 |
2.95%,
01/15/51
(a) |
275,000 |
170,600 |
AT&T,
Inc. | ||
0.90%,
03/25/24
(a) |
350,000 |
332,680 |
3.88%,
01/15/26
(a) |
100,000 |
97,715 |
1.70%,
03/25/26
(a) |
850,000 |
767,939 |
2.95%,
07/15/26
(a) |
100,000 |
93,086 |
3.80%,
02/15/27
(a) |
250,000 |
238,597 |
4.25%,
03/01/27
(a) |
400,000 |
389,778 |
2.30%,
06/01/27
(a) |
700,000 |
624,435 |
1.65%,
02/01/28
(a) |
650,000 |
550,345 |
4.10%,
02/15/28
(a) |
550,000 |
524,490 |
4.35%,
03/01/29
(a) |
850,000 |
809,859 |
4.30%,
02/15/30
(a) |
950,000 |
895,242 |
2.75%,
06/01/31
(a) |
900,000 |
748,656 |
2.25%,
02/01/32
(a) |
800,000 |
627,975 |
2.55%,
12/01/33
(a) |
1,081,000 |
832,175 |
4.50%,
05/15/35
(a) |
800,000 |
728,531 |
5.25%,
03/01/37
(a) |
300,000 |
289,828 |
4.90%,
08/15/37
(a) |
129,000 |
119,162 |
4.85%,
03/01/39
(a) |
540,000 |
483,779 |
5.35%,
09/01/40
|
250,000 |
238,187 |
3.50%,
06/01/41
(a) |
800,000 |
597,169 |
5.55%,
08/15/41
|
75,000 |
72,490 |
4.30%,
12/15/42
(a) |
400,000 |
329,766 |
3.10%,
02/01/43
(a) |
300,000 |
208,666 |
4.65%,
06/01/44
(a) |
150,000 |
126,493 |
4.35%,
06/15/45
(a) |
300,000 |
243,139 |
4.75%,
05/15/46
(a) |
600,000 |
513,052 |
5.15%,
11/15/46
(a) |
275,000 |
248,944 |
5.65%,
02/15/47
(a) |
250,000 |
244,425 |
5.45%,
03/01/47
(a) |
128,000 |
120,921 |
4.50%,
03/09/48
(a) |
500,000 |
407,739 |
4.55%,
03/09/49
(a) |
309,000 |
253,527 |
5.15%,
02/15/50
(a) |
200,000 |
182,656 |
3.65%,
06/01/51
(a) |
875,000 |
619,600 |
3.30%,
02/01/52
(a) |
275,000 |
184,675 |
3.50%,
09/15/53
(a) |
2,000,000 |
1,360,399 |
3.55%,
09/15/55
(a) |
2,100,000 |
1,418,562 |
3.80%,
12/01/57
(a) |
1,675,000 |
1,160,672 |
3.65%,
09/15/59
(a) |
1,800,000 |
1,218,907 |
3.85%,
06/01/60
(a) |
425,000 |
296,748 |
3.50%,
02/01/61
(a) |
100,000 |
65,999 |
Bell
Canada | ||
0.75%,
03/17/24
|
250,000 |
236,985 |
4.46%,
04/01/48
(a) |
500,000 |
427,713 |
4.30%,
07/29/49
(a) |
50,000 |
41,070 |
3.20%,
02/15/52
(a) |
300,000 |
201,642 |
3.65%,
08/15/52
(a) |
250,000 |
183,822 |
British
Telecommunications PLC | ||
5.13%,
12/04/28
(a) |
800,000 |
777,837 |
9.63%,
12/15/30
(f) |
150,000 |
179,754 |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
4.50%,
02/01/24
(a) |
350,000 |
346,058 |
4.91%,
07/23/25
(a) |
1,200,000 |
1,178,188 |
3.75%,
02/15/28
(a) |
325,000 |
294,755 |
4.20%,
03/15/28
(a) |
250,000 |
230,255 |
2.25%,
01/15/29
(a) |
200,000 |
161,235 |
5.05%,
03/30/29
(a) |
500,000 |
471,249 |
2.80%,
04/01/31
(a) |
500,000 |
390,124 |
2.30%,
02/01/32
(a) |
300,000 |
221,738 |
4.40%,
04/01/33
(a) |
150,000 |
128,812 |
6.38%,
10/23/35
(a) |
600,000 |
586,644 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.38%,
04/01/38
(a) |
300,000 |
252,437 |
3.50%,
06/01/41
(a) |
300,000 |
197,582 |
3.50%,
03/01/42
(a) |
450,000 |
291,032 |
6.48%,
10/23/45
(a) |
1,000,000 |
906,684 |
5.38%,
05/01/47
(a) |
700,000 |
554,431 |
5.75%,
04/01/48
(a) |
750,000 |
620,472 |
5.13%,
07/01/49
(a) |
350,000 |
267,630 |
4.80%,
03/01/50
(a) |
800,000 |
585,534 |
3.70%,
04/01/51
(a) |
550,000 |
336,890 |
3.90%,
06/01/52
(a) |
650,000 |
411,022 |
5.25%,
04/01/53
(a) |
400,000 |
312,688 |
6.83%,
10/23/55
(a) |
150,000 |
139,134 |
3.85%,
04/01/61
(a) |
500,000 |
290,487 |
4.40%,
12/01/61
(a) |
400,000 |
257,559 |
3.95%,
06/30/62
(a) |
300,000 |
178,410 |
5.50%,
04/01/63
(a) |
300,000 |
231,069 |
Comcast
Corp. | ||
3.70%,
04/15/24
(a) |
750,000 |
738,981 |
3.38%,
02/15/25
(a) |
200,000 |
194,110 |
3.38%,
08/15/25
(a) |
400,000 |
386,096 |
3.95%,
10/15/25
(a) |
900,000 |
882,004 |
3.15%,
03/01/26
(a) |
500,000 |
476,739 |
2.35%,
01/15/27
(a) |
450,000 |
409,950 |
3.30%,
02/01/27
(a) |
380,000 |
359,018 |
5.35%,
11/15/27
(a) |
200,000 |
204,555 |
3.15%,
02/15/28
(a) |
500,000 |
462,417 |
3.55%,
05/01/28
(a) |
442,000 |
415,973 |
4.15%,
10/15/28
(a) |
1,150,000 |
1,106,406 |
2.65%,
02/01/30
(a) |
500,000 |
432,928 |
3.40%,
04/01/30
(a) |
450,000 |
410,183 |
4.25%,
10/15/30
(a) |
400,000 |
384,062 |
1.95%,
01/15/31
(a) |
500,000 |
404,108 |
1.50%,
02/15/31
(a) |
350,000 |
273,041 |
5.50%,
11/15/32
(a) |
300,000 |
312,790 |
4.25%,
01/15/33
|
500,000 |
471,753 |
7.05%,
03/15/33
|
250,000 |
288,748 |
4.20%,
08/15/34
(a) |
350,000 |
323,895 |
5.65%,
06/15/35
|
300,000 |
315,503 |
4.40%,
08/15/35
(a) |
230,000 |
214,201 |
6.50%,
11/15/35
|
150,000 |
167,494 |
3.20%,
07/15/36
(a) |
375,000 |
304,812 |
3.90%,
03/01/38
(a) |
350,000 |
303,705 |
4.60%,
10/15/38
(a) |
300,000 |
277,966 |
3.25%,
11/01/39
(a) |
400,000 |
312,776 |
3.75%,
04/01/40
(a) |
450,000 |
371,870 |
4.65%,
07/15/42
|
150,000 |
135,965 |
4.75%,
03/01/44
|
200,000 |
182,849 |
4.60%,
08/15/45
(a) |
250,000 |
221,684 |
3.40%,
07/15/46
(a) |
400,000 |
293,889 |
4.00%,
08/15/47
(a) |
266,000 |
213,975 |
3.97%,
11/01/47
(a) |
598,000 |
479,423 |
4.00%,
03/01/48
(a) |
300,000 |
241,436 |
4.70%,
10/15/48
(a) |
550,000 |
497,404 |
4.00%,
11/01/49
(a) |
600,000 |
478,785 |
3.45%,
02/01/50
(a) |
550,000 |
401,182 |
2.80%,
01/15/51
(a) |
600,000 |
382,666 |
2.89%,
11/01/51
(a) |
1,483,000 |
959,306 |
2.45%,
08/15/52
(a) |
500,000 |
295,763 |
4.05%,
11/01/52
(a) |
278,000 |
223,574 |
2.94%,
11/01/56
(a) |
1,513,000 |
950,651 |
4.95%,
10/15/58
(a) |
300,000 |
274,720 |
2.65%,
08/15/62
(a) |
300,000 |
171,866 |
2.99%,
11/01/63
(a) |
1,000,000 |
609,193 |
Crown
Castle International Corp. | ||
3.20%,
09/01/24
(a) |
250,000 |
241,641 |
1.35%,
07/15/25
(a) |
200,000 |
182,057 |
4.45%,
02/15/26
(a) |
300,000 |
293,404 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.70%,
06/15/26
(a) |
250,000 |
237,953 |
1.05%,
07/15/26
(a) |
100,000 |
86,637 |
4.00%,
03/01/27
(a) |
200,000 |
190,932 |
2.90%,
03/15/27
(a) |
250,000 |
227,835 |
3.65%,
09/01/27
(a) |
300,000 |
279,302 |
3.80%,
02/15/28
(a) |
300,000 |
279,120 |
3.10%,
11/15/29
(a) |
200,000 |
174,607 |
3.30%,
07/01/30
(a) |
300,000 |
262,526 |
2.25%,
01/15/31
(a) |
350,000 |
280,404 |
2.10%,
04/01/31
(a) |
175,000 |
137,948 |
2.50%,
07/15/31
(a) |
250,000 |
201,801 |
2.90%,
04/01/41
(a) |
300,000 |
205,811 |
4.75%,
05/15/47
(a) |
125,000 |
106,284 |
5.20%,
02/15/49
(a) |
100,000 |
90,283 |
4.00%,
11/15/49
(a) |
50,000 |
38,143 |
4.15%,
07/01/50
(a) |
150,000 |
116,022 |
3.25%,
01/15/51
(a) |
300,000 |
196,481 |
Deutsche
Telekom International Finance BV | ||
8.75%,
06/15/30
(f) |
1,100,000 |
1,300,533 |
9.25%,
06/01/32
|
50,000 |
62,623 |
Discovery
Communications LLC | ||
3.90%,
11/15/24
(a) |
200,000 |
193,657 |
3.45%,
03/15/25
(a) |
250,000 |
238,072 |
4.90%,
03/11/26
(a) |
100,000 |
97,051 |
3.95%,
03/20/28
(a) |
550,000 |
488,969 |
4.13%,
05/15/29
(a) |
250,000 |
217,358 |
3.63%,
05/15/30
(a) |
250,000 |
206,766 |
5.00%,
09/20/37
(a) |
200,000 |
161,804 |
6.35%,
06/01/40
|
200,000 |
182,235 |
4.88%,
04/01/43
|
175,000 |
130,474 |
5.20%,
09/20/47
(a) |
375,000 |
280,725 |
5.30%,
05/15/49
(a) |
300,000 |
228,796 |
4.65%,
05/15/50
(a) |
225,000 |
155,296 |
4.00%,
09/15/55
(a) |
514,000 |
310,919 |
Electronic
Arts, Inc. | ||
4.80%,
03/01/26
(a) |
75,000 |
74,828 |
1.85%,
02/15/31
(a) |
250,000 |
196,985 |
2.95%,
02/15/51
(a) |
250,000 |
162,824 |
Fox
Corp. | ||
4.03%,
01/25/24
(a) |
250,000 |
247,199 |
3.05%,
04/07/25
(a) |
250,000 |
239,567 |
4.71%,
01/25/29
(a) |
550,000 |
532,756 |
3.50%,
04/08/30
(a) |
200,000 |
177,330 |
5.48%,
01/25/39
(a) |
350,000 |
319,485 |
5.58%,
01/25/49
(a) |
400,000 |
360,386 |
Grupo
Televisa S.A.B. | ||
8.50%,
03/11/32
|
50,000 |
58,970 |
6.63%,
01/15/40
|
200,000 |
206,709 |
5.00%,
05/13/45
(a) |
300,000 |
258,086 |
6.13%,
01/31/46
(a) |
250,000 |
250,316 |
5.25%,
05/24/49
(a) |
200,000 |
177,977 |
Interpublic
Group of Cos., Inc. | ||
4.75%,
03/30/30
(a) |
300,000 |
283,572 |
2.40%,
03/01/31
(a) |
200,000 |
158,497 |
5.40%,
10/01/48
(a) |
200,000 |
184,449 |
Koninklijke
KPN N.V. | ||
8.38%,
10/01/30
|
190,000 |
213,396 |
Magallanes,
Inc. | ||
3.43%,
03/15/24
(c) |
500,000 |
485,645 |
3.64%,
03/15/25
(c) |
500,000 |
475,951 |
3.76%,
03/15/27
(a)(c) |
1,050,000 |
948,300 |
4.05%,
03/15/29
(a)(c) |
450,000 |
390,614 |
4.28%,
03/15/32
(a)(c) |
1,350,000 |
1,114,247 |
5.05%,
03/15/42
(a)(c) |
1,150,000 |
884,961 |
5.14%,
03/15/52
(a)(c) |
1,900,000 |
1,396,354 |
5.39%,
03/15/62
(a)(c) |
800,000 |
587,680 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Meta
Platforms, Inc. | ||
3.50%,
08/15/27
(a) |
800,000 |
746,952 |
3.85%,
08/15/32
(a) |
875,000 |
772,455 |
4.45%,
08/15/52
(a) |
700,000 |
559,889 |
4.65%,
08/15/62
(a) |
425,000 |
343,249 |
NBCUniversal
Media LLC | ||
5.95%,
04/01/41
|
200,000 |
208,561 |
4.45%,
01/15/43
|
200,000 |
176,190 |
Omnicom
Group, Inc. | ||
2.45%,
04/30/30
(a) |
100,000 |
82,836 |
4.20%,
06/01/30
(a) |
200,000 |
186,498 |
Omnicom
Group, Inc./Omnicom Capital, Inc. | ||
3.65%,
11/01/24
(a) |
250,000 |
245,174 |
3.60%,
04/15/26
(a) |
500,000 |
480,933 |
Orange
S.A. | ||
9.00%,
03/01/31
|
800,000 |
981,983 |
5.38%,
01/13/42
|
250,000 |
243,177 |
5.50%,
02/06/44
(a) |
150,000 |
148,422 |
Rogers
Communications, Inc. | ||
2.95%,
03/15/25
(a)(c) |
300,000 |
286,155 |
3.63%,
12/15/25
(a) |
270,000 |
259,092 |
2.90%,
11/15/26
(a) |
100,000 |
91,585 |
3.20%,
03/15/27
(a)(c) |
400,000 |
370,483 |
3.80%,
03/15/32
(a)(c) |
500,000 |
432,204 |
7.50%,
08/15/38
|
100,000 |
111,532 |
4.50%,
03/15/42
(a)(c) |
250,000 |
203,909 |
4.50%,
03/15/43
(a) |
100,000 |
80,688 |
5.45%,
10/01/43
(a) |
250,000 |
225,163 |
5.00%,
03/15/44
(a) |
350,000 |
299,806 |
4.30%,
02/15/48
(a) |
150,000 |
113,772 |
4.35%,
05/01/49
(a) |
400,000 |
305,409 |
3.70%,
11/15/49
(a) |
300,000 |
204,385 |
4.55%,
03/15/52
(a)(c) |
450,000 |
351,077 |
Take-Two
Interactive Software, Inc. | ||
3.30%,
03/28/24
|
300,000 |
293,017 |
3.55%,
04/14/25
|
200,000 |
192,853 |
3.70%,
04/14/27
(a) |
200,000 |
188,515 |
TCI
Communications, Inc. | ||
7.88%,
02/15/26
|
100,000 |
108,573 |
7.13%,
02/15/28
|
150,000 |
164,213 |
Telefonica
Emisiones S.A. | ||
4.10%,
03/08/27
|
350,000 |
332,172 |
7.05%,
06/20/36
|
550,000 |
569,154 |
4.67%,
03/06/38
|
250,000 |
198,612 |
5.21%,
03/08/47
|
700,000 |
565,827 |
4.90%,
03/06/48
|
375,000 |
289,272 |
5.52%,
03/01/49
(a) |
225,000 |
188,889 |
Telefonica
Europe BV | ||
8.25%,
09/15/30
|
350,000 |
391,706 |
TELUS
Corp. | ||
2.80%,
02/16/27
(a) |
150,000 |
138,892 |
3.70%,
09/15/27
(a) |
150,000 |
142,368 |
3.40%,
05/13/32
(a) |
300,000 |
256,032 |
4.60%,
11/16/48
(a) |
200,000 |
173,325 |
4.30%,
06/15/49
(a) |
175,000 |
144,245 |
Time
Warner Cable LLC | ||
6.55%,
05/01/37
|
300,000 |
285,206 |
7.30%,
07/01/38
|
450,000 |
450,466 |
6.75%,
06/15/39
|
425,000 |
406,178 |
5.88%,
11/15/40
(a) |
350,000 |
306,305 |
5.50%,
09/01/41
(a) |
350,000 |
292,570 |
4.50%,
09/15/42
(a) |
375,000 |
276,723 |
Time
Warner Entertainment Co. LP | ||
8.38%,
07/15/33
|
300,000 |
336,674 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
T-Mobile
USA, Inc. | ||
3.50%,
04/15/25
(a) |
850,000 |
818,588 |
1.50%,
02/15/26
(a) |
350,000 |
313,855 |
2.25%,
02/15/26
(a) |
500,000 |
455,765 |
2.63%,
04/15/26
(a) |
125,000 |
114,615 |
3.75%,
04/15/27
(a) |
1,200,000 |
1,132,661 |
4.75%,
02/01/28
(a) |
400,000 |
390,044 |
2.05%,
02/15/28
(a) |
600,000 |
516,528 |
2.63%,
02/15/29
(a) |
225,000 |
191,086 |
2.40%,
03/15/29
(a) |
200,000 |
169,213 |
3.38%,
04/15/29
(a) |
800,000 |
706,279 |
3.88%,
04/15/30
(a) |
2,050,000 |
1,863,417 |
2.55%,
02/15/31
(a) |
750,000 |
612,491 |
2.88%,
02/15/31
(a) |
200,000 |
165,385 |
3.50%,
04/15/31
(a) |
800,000 |
694,142 |
2.25%,
11/15/31
(a) |
250,000 |
197,043 |
2.70%,
03/15/32
(a) |
250,000 |
202,433 |
4.38%,
04/15/40
(a) |
600,000 |
515,120 |
3.00%,
02/15/41
(a) |
600,000 |
423,839 |
4.50%,
04/15/50
(a) |
925,000 |
764,375 |
3.30%,
02/15/51
(a) |
800,000 |
534,049 |
3.40%,
10/15/52
(a) |
800,000 |
543,502 |
5.65%,
01/15/53
(a) |
150,000 |
145,820 |
3.60%,
11/15/60
(a) |
500,000 |
330,283 |
5.80%,
09/15/62
(a) |
200,000 |
195,115 |
TWDC
Enterprises 18 Corp. | ||
3.15%,
09/17/25
|
200,000 |
191,938 |
3.00%,
02/13/26
|
350,000 |
331,976 |
1.85%,
07/30/26
|
400,000 |
362,132 |
7.00%,
03/01/32
|
100,000 |
113,318 |
4.38%,
08/16/41
|
150,000 |
133,541 |
4.13%,
12/01/41
|
200,000 |
172,637 |
4.13%,
06/01/44
|
350,000 |
302,126 |
3.00%,
07/30/46
|
150,000 |
105,716 |
Verizon
Communications, Inc. | ||
0.75%,
03/22/24
|
300,000 |
284,839 |
3.50%,
11/01/24
(a) |
358,000 |
347,971 |
3.38%,
02/15/25
|
350,000 |
339,402 |
0.85%,
11/20/25
(a) |
400,000 |
357,452 |
1.45%,
03/20/26
(a) |
550,000 |
494,631 |
2.63%,
08/15/26
|
425,000 |
392,957 |
4.13%,
03/16/27
|
700,000 |
682,351 |
3.00%,
03/22/27
(a) |
250,000 |
232,709 |
2.10%,
03/22/28
(a) |
850,000 |
738,272 |
4.33%,
09/21/28
|
1,350,000 |
1,301,270 |
3.88%,
02/08/29
(a) |
250,000 |
235,006 |
4.02%,
12/03/29
(a) |
1,107,000 |
1,037,168 |
3.15%,
03/22/30
(a) |
500,000 |
441,159 |
1.50%,
09/18/30
(a) |
300,000 |
233,779 |
1.68%,
10/30/30
(a) |
418,000 |
325,509 |
7.75%,
12/01/30
|
150,000 |
173,397 |
1.75%,
01/20/31
(a) |
700,000 |
543,406 |
2.55%,
03/21/31
(a) |
1,200,000 |
989,132 |
2.36%,
03/15/32
(a) |
1,290,000 |
1,024,553 |
4.50%,
08/10/33
|
500,000 |
469,308 |
4.40%,
11/01/34
(a) |
550,000 |
506,259 |
4.27%,
01/15/36
|
550,000 |
492,996 |
5.25%,
03/16/37
|
400,000 |
395,860 |
4.81%,
03/15/39
|
400,000 |
368,959 |
2.65%,
11/20/40
(a) |
925,000 |
625,040 |
3.40%,
03/22/41
(a) |
1,100,000 |
828,940 |
3.85%,
11/01/42
(a) |
306,000 |
243,409 |
6.55%,
09/15/43
|
200,000 |
219,507 |
4.13%,
08/15/46
|
300,000 |
242,314 |
4.86%,
08/21/46
|
750,000 |
682,032 |
4.52%,
09/15/48
|
400,000 |
343,165 |
4.00%,
03/22/50
(a) |
325,000 |
256,537 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.88%,
11/20/50
(a) |
800,000 |
504,171 |
3.55%,
03/22/51
(a) |
1,300,000 |
929,981 |
3.88%,
03/01/52
(a) |
250,000 |
190,694 |
5.01%,
08/21/54
|
275,000 |
252,439 |
4.67%,
03/15/55
|
225,000 |
195,604 |
2.99%,
10/30/56
(a) |
1,000,000 |
614,555 |
3.00%,
11/20/60
(a) |
600,000 |
360,286 |
3.70%,
03/22/61
(a) |
1,000,000 |
702,132 |
ViacomCBS,
Inc. | ||
4.75%,
05/15/25
(a) |
222,000 |
218,716 |
4.00%,
01/15/26
(a) |
250,000 |
240,260 |
2.90%,
01/15/27
(a) |
200,000 |
179,805 |
3.38%,
02/15/28
(a) |
150,000 |
133,359 |
3.70%,
06/01/28
(a) |
150,000 |
134,056 |
4.20%,
06/01/29
(a) |
189,000 |
168,316 |
7.88%,
07/30/30
|
100,000 |
106,759 |
4.95%,
01/15/31
(a) |
250,000 |
223,207 |
4.20%,
05/19/32
(a) |
325,000 |
266,332 |
5.50%,
05/15/33
|
100,000 |
90,396 |
6.88%,
04/30/36
|
275,000 |
268,730 |
5.90%,
10/15/40
(a) |
150,000 |
131,680 |
4.85%,
07/01/42
(a) |
150,000 |
111,629 |
4.38%,
03/15/43
|
350,000 |
242,174 |
5.85%,
09/01/43
(a) |
300,000 |
250,399 |
5.25%,
04/01/44
(a) |
150,000 |
116,188 |
4.90%,
08/15/44
(a) |
200,000 |
146,633 |
4.60%,
01/15/45
(a) |
150,000 |
105,611 |
4.95%,
05/19/50
(a) |
325,000 |
238,464 |
Vodafone
Group PLC | ||
3.75%,
01/16/24
|
200,000 |
197,629 |
4.13%,
05/30/25
|
450,000 |
443,238 |
4.38%,
05/30/28
|
200,000 |
196,893 |
7.88%,
02/15/30
|
200,000 |
225,537 |
6.25%,
11/30/32
|
100,000 |
105,109 |
6.15%,
02/27/37
|
430,000 |
435,485 |
5.00%,
05/30/38
|
250,000 |
230,165 |
4.38%,
02/19/43
|
450,000 |
360,743 |
5.25%,
05/30/48
|
900,000 |
799,589 |
4.88%,
06/19/49
|
525,000 |
442,750 |
4.25%,
09/17/50
|
375,000 |
289,637 |
5.13%,
06/19/59
|
150,000 |
128,985 |
Walt
Disney Co. | ||
1.75%,
08/30/24
(a) |
350,000 |
333,664 |
3.70%,
09/15/24
(a) |
150,000 |
147,024 |
3.35%,
03/24/25
|
500,000 |
484,729 |
3.70%,
10/15/25
(a) |
250,000 |
242,977 |
1.75%,
01/13/26
|
500,000 |
458,433 |
3.38%,
11/15/26
(a) |
200,000 |
189,582 |
3.70%,
03/23/27
|
200,000 |
192,573 |
2.20%,
01/13/28
|
350,000 |
312,390 |
2.00%,
09/01/29
(a) |
375,000 |
315,149 |
3.80%,
03/22/30
|
200,000 |
186,436 |
2.65%,
01/13/31
|
800,000 |
684,439 |
6.20%,
12/15/34
|
200,000 |
218,539 |
6.40%,
12/15/35
|
250,000 |
274,365 |
6.15%,
03/01/37
|
100,000 |
107,879 |
6.65%,
11/15/37
|
350,000 |
395,404 |
4.63%,
03/23/40
(a) |
250,000 |
234,436 |
3.50%,
05/13/40
(a) |
550,000 |
443,588 |
6.15%,
02/15/41
|
175,000 |
190,096 |
4.75%,
09/15/44
(a) |
190,000 |
175,400 |
4.95%,
10/15/45
(a) |
135,000 |
127,172 |
7.75%,
12/01/45
|
100,000 |
126,143 |
4.75%,
11/15/46
(a) |
125,000 |
114,717 |
2.75%,
09/01/49
(a) |
650,000 |
432,302 |
4.70%,
03/23/50
(a) |
550,000 |
508,412 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.60%,
01/13/51
(a) |
800,000 |
613,579 |
3.80%,
05/13/60
(a) |
450,000 |
346,967 |
Weibo
Corp. | ||
3.50%,
07/05/24
(a) |
250,000 |
242,372 |
3.38%,
07/08/30
(a) |
250,000 |
192,608 |
WPP
Finance 2010 | ||
3.75%,
09/19/24
|
200,000 |
193,935 |
|
|
140,275,981 |
Consumer
Cyclical 1.7%
| ||
Advance
Auto Parts, Inc. | ||
1.75%,
10/01/27
(a) |
100,000 |
84,250 |
3.90%,
04/15/30
(a) |
150,000 |
132,137 |
3.50%,
03/15/32
(a) |
100,000 |
82,073 |
Alibaba
Group Holding Ltd. | ||
3.60%,
11/28/24
(a) |
550,000 |
531,957 |
3.40%,
12/06/27
(a) |
750,000 |
691,897 |
2.13%,
02/09/31
(a) |
450,000 |
358,622 |
4.50%,
11/28/34
(a) |
200,000 |
179,586 |
4.00%,
12/06/37
(a) |
300,000 |
245,020 |
2.70%,
02/09/41
(a) |
250,000 |
161,115 |
4.20%,
12/06/47
(a) |
350,000 |
269,129 |
3.15%,
02/09/51
(a) |
400,000 |
251,639 |
4.40%,
12/06/57
(a) |
300,000 |
231,331 |
3.25%,
02/09/61
(a) |
300,000 |
180,877 |
Amazon.com,
Inc. | ||
2.73%,
04/13/24
|
400,000 |
389,995 |
0.45%,
05/12/24
|
700,000 |
660,654 |
2.80%,
08/22/24
(a) |
500,000 |
484,670 |
4.70%,
11/29/24
|
250,000 |
249,950 |
3.80%,
12/05/24
(a) |
450,000 |
443,332 |
3.00%,
04/13/25
|
400,000 |
386,602 |
0.80%,
06/03/25
(a) |
250,000 |
228,667 |
4.60%,
12/01/25
|
350,000 |
349,780 |
5.20%,
12/03/25
(a) |
400,000 |
407,582 |
1.00%,
05/12/26
(a) |
825,000 |
732,027 |
3.30%,
04/13/27
(a) |
600,000 |
570,500 |
1.20%,
06/03/27
(a) |
100,000 |
86,793 |
3.15%,
08/22/27
(a) |
1,000,000 |
942,297 |
4.55%,
12/01/27
(a) |
500,000 |
499,024 |
1.65%,
05/12/28
(a) |
700,000 |
603,230 |
3.45%,
04/13/29
(a) |
400,000 |
375,016 |
4.65%,
12/01/29
(a) |
625,000 |
620,740 |
1.50%,
06/03/30
(a) |
700,000 |
563,236 |
2.10%,
05/12/31
(a) |
400,000 |
328,057 |
3.60%,
04/13/32
(a) |
700,000 |
642,949 |
4.70%,
12/01/32
(a) |
625,000 |
621,233 |
4.80%,
12/05/34
(a) |
300,000 |
300,461 |
3.88%,
08/22/37
(a) |
875,000 |
776,179 |
2.88%,
05/12/41
(a) |
650,000 |
485,668 |
4.95%,
12/05/44
(a) |
400,000 |
395,604 |
4.05%,
08/22/47
(a) |
1,050,000 |
907,189 |
2.50%,
06/03/50
(a) |
600,000 |
381,454 |
3.10%,
05/12/51
(a) |
900,000 |
645,042 |
3.95%,
04/13/52
(a) |
700,000 |
587,091 |
4.25%,
08/22/57
(a) |
500,000 |
433,474 |
2.70%,
06/03/60
(a) |
600,000 |
366,505 |
3.25%,
05/12/61
(a) |
550,000 |
382,862 |
4.10%,
04/13/62
(a) |
300,000 |
247,995 |
American
Honda Finance Corp. | ||
3.55%,
01/12/24
|
450,000 |
443,888 |
2.90%,
02/16/24
|
300,000 |
292,999 |
2.40%,
06/27/24
|
500,000 |
482,030 |
0.55%,
07/12/24
|
300,000 |
280,611 |
2.15%,
09/10/24
|
200,000 |
190,954 |
1.20%,
07/08/25
|
400,000 |
366,066 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.00%,
09/10/25
|
200,000 |
180,889 |
2.30%,
09/09/26
|
250,000 |
228,788 |
3.50%,
02/15/28
|
200,000 |
187,147 |
2.25%,
01/12/29
|
350,000 |
301,347 |
1.80%,
01/13/31
|
250,000 |
198,980 |
Aptiv
PLC | ||
2.40%,
02/18/25
(a) |
200,000 |
188,718 |
4.35%,
03/15/29
(a) |
100,000 |
94,407 |
3.25%,
03/01/32
(a) |
250,000 |
205,860 |
4.40%,
10/01/46
(a) |
75,000 |
56,929 |
5.40%,
03/15/49
(a) |
125,000 |
108,098 |
3.10%,
12/01/51
(a) |
350,000 |
207,866 |
4.15%,
05/01/52
(a) |
300,000 |
217,417 |
AutoNation,
Inc. | ||
3.50%,
11/15/24
(a) |
100,000 |
95,956 |
3.80%,
11/15/27
(a) |
350,000 |
319,383 |
4.75%,
06/01/30
(a) |
300,000 |
269,332 |
2.40%,
08/01/31
(a) |
150,000 |
108,200 |
AutoZone,
Inc. | ||
3.13%,
04/18/24
(a) |
50,000 |
48,769 |
3.25%,
04/15/25
(a) |
200,000 |
192,308 |
3.63%,
04/15/25
(a) |
100,000 |
96,977 |
3.13%,
04/21/26
(a) |
50,000 |
47,237 |
3.75%,
06/01/27
(a) |
200,000 |
191,239 |
3.75%,
04/18/29
(a) |
200,000 |
185,575 |
4.00%,
04/15/30
(a) |
250,000 |
231,983 |
1.65%,
01/15/31
(a) |
150,000 |
116,450 |
Best
Buy Co., Inc. | ||
4.45%,
10/01/28
(a) |
200,000 |
193,127 |
1.95%,
10/01/30
(a) |
200,000 |
158,301 |
Block
Financial LLC | ||
5.25%,
10/01/25
(a) |
175,000 |
174,655 |
3.88%,
08/15/30
(a) |
250,000 |
219,442 |
Booking
Holdings, Inc. | ||
3.60%,
06/01/26
(a) |
425,000 |
407,754 |
3.55%,
03/15/28
(a) |
150,000 |
140,098 |
4.63%,
04/13/30
(a) |
400,000 |
387,806 |
BorgWarner,
Inc. | ||
2.65%,
07/01/27
(a) |
425,000 |
378,873 |
4.38%,
03/15/45
(a) |
170,000 |
131,700 |
CBRE
Services, Inc. | ||
4.88%,
03/01/26
(a) |
150,000 |
148,639 |
2.50%,
04/01/31
(a) |
175,000 |
138,943 |
Choice
Hotels International, Inc. | ||
3.70%,
12/01/29
(a) |
100,000 |
87,226 |
3.70%,
01/15/31
(a) |
150,000 |
128,063 |
Costco
Wholesale Corp. | ||
2.75%,
05/18/24
(a) |
300,000 |
292,221 |
3.00%,
05/18/27
(a) |
450,000 |
424,331 |
1.60%,
04/20/30
(a) |
400,000 |
328,160 |
1.75%,
04/20/32
(a) |
600,000 |
475,187 |
Cummins,
Inc. | ||
0.75%,
09/01/25
(a) |
150,000 |
135,381 |
1.50%,
09/01/30
(a) |
250,000 |
196,971 |
4.88%,
10/01/43
(a) |
150,000 |
142,080 |
2.60%,
09/01/50
(a) |
200,000 |
125,287 |
Daimler
Finance North America LLC | ||
8.50%,
01/18/31
|
450,000 |
556,608 |
Darden
Restaurants, Inc. | ||
3.85%,
05/01/27
(a) |
155,000 |
147,826 |
4.55%,
02/15/48
(a) |
100,000 |
77,436 |
Dick's
Sporting Goods, Inc. | ||
3.15%,
01/15/32
(a) |
225,000 |
176,607 |
4.10%,
01/15/52
(a) |
250,000 |
162,997 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Dollar
General Corp. | ||
4.25%,
09/20/24
|
200,000 |
197,498 |
4.15%,
11/01/25
(a) |
89,000 |
87,052 |
3.88%,
04/15/27
(a) |
150,000 |
143,272 |
4.63%,
11/01/27
(a) |
200,000 |
196,892 |
4.13%,
05/01/28
(a) |
150,000 |
143,204 |
3.50%,
04/03/30
(a) |
300,000 |
269,544 |
5.00%,
11/01/32
(a) |
200,000 |
197,248 |
4.13%,
04/03/50
(a) |
200,000 |
160,747 |
Dollar
Tree, Inc. | ||
4.00%,
05/15/25
(a) |
250,000 |
244,300 |
4.20%,
05/15/28
(a) |
325,000 |
312,025 |
2.65%,
12/01/31
(a) |
250,000 |
202,406 |
3.38%,
12/01/51
(a) |
150,000 |
101,330 |
DR
Horton, Inc. | ||
2.50%,
10/15/24
(a) |
150,000 |
142,939 |
2.60%,
10/15/25
(a) |
210,000 |
195,610 |
1.40%,
10/15/27
(a) |
225,000 |
188,030 |
eBay,
Inc. | ||
3.45%,
08/01/24
(a) |
300,000 |
292,435 |
1.90%,
03/11/25
(a) |
150,000 |
140,558 |
1.40%,
05/10/26
(a) |
200,000 |
177,651 |
3.60%,
06/05/27
(a) |
350,000 |
331,641 |
2.70%,
03/11/30
(a) |
200,000 |
170,340 |
2.60%,
05/10/31
(a) |
250,000 |
205,967 |
6.30%,
11/22/32
(a) |
300,000 |
312,856 |
4.00%,
07/15/42
(a) |
150,000 |
119,031 |
3.65%,
05/10/51
(a) |
250,000 |
181,047 |
Expedia
Group, Inc. | ||
5.00%,
02/15/26
(a) |
100,000 |
98,817 |
4.63%,
08/01/27
(a) |
225,000 |
216,429 |
3.80%,
02/15/28
(a) |
300,000 |
275,798 |
3.25%,
02/15/30
(a) |
425,000 |
361,476 |
2.95%,
03/15/31
(a) |
100,000 |
80,702 |
Ford
Foundation | ||
2.42%,
06/01/50
(a) |
300,000 |
189,717 |
2.82%,
06/01/70
(a) |
100,000 |
59,589 |
General
Motors Co. | ||
4.00%,
04/01/25
|
150,000 |
146,729 |
6.13%,
10/01/25
(a) |
700,000 |
714,325 |
4.20%,
10/01/27
(a) |
250,000 |
235,581 |
6.80%,
10/01/27
(a) |
350,000 |
363,887 |
5.00%,
10/01/28
(a) |
250,000 |
240,684 |
5.00%,
04/01/35
|
200,000 |
172,283 |
6.60%,
04/01/36
(a) |
500,000 |
490,674 |
5.15%,
04/01/38
(a) |
250,000 |
216,704 |
6.25%,
10/02/43
|
550,000 |
509,924 |
5.20%,
04/01/45
|
400,000 |
327,014 |
6.75%,
04/01/46
(a) |
250,000 |
242,311 |
5.40%,
04/01/48
(a) |
200,000 |
164,557 |
5.95%,
04/01/49
(a) |
100,000 |
87,467 |
General
Motors Financial Co., Inc. | ||
5.10%,
01/17/24
(a) |
575,000 |
573,603 |
1.05%,
03/08/24
|
400,000 |
379,920 |
3.95%,
04/13/24
(a) |
250,000 |
245,285 |
1.20%,
10/15/24
|
200,000 |
185,360 |
3.50%,
11/07/24
(a) |
250,000 |
241,263 |
4.00%,
01/15/25
(a) |
250,000 |
242,874 |
2.90%,
02/26/25
(a) |
500,000 |
474,777 |
3.80%,
04/07/25
|
350,000 |
338,399 |
4.35%,
04/09/25
(a) |
61,000 |
59,431 |
2.75%,
06/20/25
(a) |
250,000 |
234,321 |
6.05%,
10/10/25
|
375,000 |
381,718 |
1.25%,
01/08/26
(a) |
425,000 |
375,075 |
5.25%,
03/01/26
(a) |
375,000 |
369,784 |
1.50%,
06/10/26
(a) |
200,000 |
173,816 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
10/06/26
(a) |
300,000 |
282,934 |
4.35%,
01/17/27
(a) |
500,000 |
476,352 |
2.35%,
02/26/27
(a) |
250,000 |
218,722 |
5.00%,
04/09/27
(a) |
400,000 |
388,258 |
2.70%,
08/20/27
(a) |
400,000 |
349,730 |
3.85%,
01/05/28
(a) |
200,000 |
183,357 |
2.40%,
04/10/28
(a) |
300,000 |
253,515 |
5.65%,
01/17/29
(a) |
150,000 |
147,561 |
3.60%,
06/21/30
(a) |
500,000 |
421,132 |
2.70%,
06/10/31
(a) |
450,000 |
346,576 |
3.10%,
01/12/32
(a) |
500,000 |
393,467 |
Genuine
Parts Co. | ||
1.88%,
11/01/30
(a) |
125,000 |
96,210 |
2.75%,
02/01/32
(a) |
250,000 |
201,387 |
GLP
Capital LP/GLP Financing II, Inc. | ||
3.35%,
09/01/24
(a) |
150,000 |
143,728 |
5.25%,
06/01/25
(a) |
300,000 |
296,250 |
5.38%,
04/15/26
(a) |
350,000 |
345,416 |
5.75%,
06/01/28
(a) |
150,000 |
148,409 |
5.30%,
01/15/29
(a) |
200,000 |
189,544 |
4.00%,
01/15/30
(a) |
225,000 |
197,459 |
4.00%,
01/15/31
(a) |
250,000 |
213,439 |
Harley-Davidson,
Inc. | ||
3.50%,
07/28/25
(a) |
100,000 |
95,273 |
4.63%,
07/28/45
(a) |
150,000 |
117,666 |
Harman
International Industries, Inc. | ||
4.15%,
05/15/25
(a) |
200,000 |
194,781 |
Home
Depot, Inc. | ||
3.75%,
02/15/24
(a) |
500,000 |
495,248 |
3.35%,
09/15/25
(a) |
100,000 |
97,119 |
3.00%,
04/01/26
(a) |
550,000 |
523,830 |
2.13%,
09/15/26
(a) |
300,000 |
274,939 |
2.50%,
04/15/27
(a) |
200,000 |
184,199 |
2.80%,
09/14/27
(a) |
150,000 |
139,315 |
0.90%,
03/15/28
(a) |
150,000 |
124,640 |
1.50%,
09/15/28
(a) |
250,000 |
212,737 |
3.90%,
12/06/28
(a) |
450,000 |
434,064 |
2.95%,
06/15/29
(a) |
650,000 |
588,580 |
2.70%,
04/15/30
(a) |
550,000 |
480,784 |
1.38%,
03/15/31
(a) |
175,000 |
135,781 |
1.88%,
09/15/31
(a) |
250,000 |
200,127 |
3.25%,
04/15/32
(a) |
400,000 |
355,900 |
4.50%,
09/15/32
(a) |
200,000 |
196,210 |
5.88%,
12/16/36
|
800,000 |
857,109 |
3.30%,
04/15/40
(a) |
355,000 |
283,670 |
5.40%,
09/15/40
(a) |
191,000 |
196,599 |
5.95%,
04/01/41
(a) |
400,000 |
435,010 |
4.20%,
04/01/43
(a) |
250,000 |
219,296 |
4.88%,
02/15/44
(a) |
350,000 |
336,208 |
4.40%,
03/15/45
(a) |
150,000 |
134,178 |
4.25%,
04/01/46
(a) |
400,000 |
348,765 |
3.90%,
06/15/47
(a) |
100,000 |
82,790 |
4.50%,
12/06/48
(a) |
350,000 |
320,263 |
3.13%,
12/15/49
(a) |
450,000 |
321,581 |
3.35%,
04/15/50
(a) |
500,000 |
372,723 |
2.38%,
03/15/51
(a) |
450,000 |
272,689 |
2.75%,
09/15/51
(a) |
250,000 |
165,430 |
3.63%,
04/15/52
(a) |
400,000 |
312,932 |
4.95%,
09/15/52
(a) |
300,000 |
290,149 |
3.50%,
09/15/56
(a) |
297,000 |
223,025 |
Honda
Motor Co., Ltd. | ||
2.53%,
03/10/27
(a) |
200,000 |
183,308 |
2.97%,
03/10/32
(a) |
225,000 |
193,439 |
Hyatt
Hotels Corp. | ||
5.63%,
04/23/25
(a) |
200,000 |
198,662 |
4.85%,
03/15/26
(a) |
150,000 |
147,610 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.38%,
09/15/28
(a) |
200,000 |
184,273 |
6.00%,
04/23/30
(a) |
150,000 |
146,727 |
J
Paul Getty Trust | ||
Series
2021
0.39%,
01/01/24
(a) |
100,000 |
95,771 |
JD.com,
Inc. | ||
3.88%,
04/29/26
|
200,000 |
190,313 |
3.38%,
01/14/30
(a) |
200,000 |
175,498 |
Lear
Corp. | ||
3.80%,
09/15/27
(a) |
150,000 |
139,878 |
4.25%,
05/15/29
(a) |
225,000 |
203,406 |
2.60%,
01/15/32
(a) |
100,000 |
75,530 |
5.25%,
05/15/49
(a) |
250,000 |
206,610 |
Lennar
Corp. | ||
4.50%,
04/30/24
(a) |
150,000 |
148,151 |
5.88%,
11/15/24
(a) |
150,000 |
150,756 |
4.75%,
05/30/25
(a) |
200,000 |
198,617 |
5.00%,
06/15/27
(a) |
100,000 |
97,410 |
4.75%,
11/29/27
(a) |
200,000 |
192,747 |
Lowe's
Cos., Inc. | ||
3.13%,
09/15/24
(a) |
200,000 |
193,973 |
4.00%,
04/15/25
(a) |
200,000 |
196,186 |
3.38%,
09/15/25
(a) |
400,000 |
384,637 |
2.50%,
04/15/26
(a) |
450,000 |
420,186 |
3.10%,
05/03/27
(a) |
460,000 |
429,108 |
1.30%,
04/15/28
(a) |
250,000 |
207,902 |
6.50%,
03/15/29
|
301,000 |
324,692 |
3.65%,
04/05/29
(a) |
572,000 |
528,490 |
4.50%,
04/15/30
(a) |
400,000 |
384,033 |
1.70%,
10/15/30
(a) |
400,000 |
313,195 |
2.63%,
04/01/31
(a) |
500,000 |
414,796 |
3.75%,
04/01/32
(a) |
500,000 |
446,319 |
5.00%,
04/15/33
(a) |
300,000 |
293,854 |
5.00%,
04/15/40
(a) |
300,000 |
278,157 |
4.65%,
04/15/42
(a) |
150,000 |
131,331 |
4.38%,
09/15/45
(a) |
250,000 |
205,999 |
3.70%,
04/15/46
(a) |
250,000 |
185,962 |
4.05%,
05/03/47
(a) |
550,000 |
432,446 |
4.55%,
04/05/49
(a) |
300,000 |
251,394 |
5.13%,
04/15/50
(a) |
250,000 |
229,041 |
3.00%,
10/15/50
(a) |
300,000 |
193,111 |
4.25%,
04/01/52
(a) |
300,000 |
240,446 |
5.63%,
04/15/53
(a) |
300,000 |
289,183 |
4.45%,
04/01/62
(a) |
375,000 |
293,814 |
5.80%,
09/15/62
(a) |
300,000 |
289,357 |
Magna
International, Inc. | ||
3.63%,
06/15/24
(a) |
250,000 |
244,708 |
4.15%,
10/01/25
(a) |
250,000 |
244,339 |
2.45%,
06/15/30
(a) |
150,000 |
124,149 |
Marriott
International, Inc. | ||
3.60%,
04/15/24
(a) |
200,000 |
195,982 |
3.75%,
03/15/25
(a) |
150,000 |
145,174 |
5.75%,
05/01/25
(a) |
250,000 |
253,020 |
3.75%,
10/01/25
(a) |
50,000 |
48,171 |
3.13%,
06/15/26
(a) |
300,000 |
281,259 |
4.65%,
12/01/28
(a) |
150,000 |
144,282 |
4.63%,
06/15/30
(a) |
300,000 |
280,841 |
2.85%,
04/15/31
(a) |
200,000 |
162,431 |
3.50%,
10/15/32
(a) |
475,000 |
396,181 |
McDonald's
Corp. | ||
3.25%,
06/10/24
|
150,000 |
146,827 |
3.38%,
05/26/25
(a) |
200,000 |
193,538 |
3.70%,
01/30/26
(a) |
500,000 |
486,690 |
3.50%,
03/01/27
(a) |
350,000 |
333,645 |
3.50%,
07/01/27
(a) |
300,000 |
284,924 |
3.80%,
04/01/28
(a) |
350,000 |
335,482 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.63%,
09/01/29
(a) |
400,000 |
351,431 |
2.13%,
03/01/30
(a) |
250,000 |
209,212 |
3.60%,
07/01/30
(a) |
350,000 |
321,519 |
4.60%,
09/09/32
(a) |
200,000 |
196,131 |
4.70%,
12/09/35
(a) |
300,000 |
288,593 |
6.30%,
10/15/37
|
180,000 |
196,121 |
6.30%,
03/01/38
|
250,000 |
272,799 |
5.70%,
02/01/39
|
183,000 |
188,907 |
3.70%,
02/15/42
|
300,000 |
239,809 |
3.63%,
05/01/43
|
200,000 |
156,758 |
4.88%,
12/09/45
(a) |
525,000 |
486,518 |
4.45%,
03/01/47
(a) |
325,000 |
282,262 |
4.45%,
09/01/48
(a) |
250,000 |
219,767 |
3.63%,
09/01/49
(a) |
450,000 |
342,874 |
4.20%,
04/01/50
(a) |
150,000 |
125,391 |
MDC
Holdings, Inc. | ||
3.85%,
01/15/30
(a) |
200,000 |
164,127 |
2.50%,
01/15/31
(a) |
100,000 |
72,257 |
6.00%,
01/15/43
(a) |
125,000 |
102,606 |
3.97%,
08/06/61
(a) |
100,000 |
56,474 |
NIKE,
Inc. | ||
2.40%,
03/27/25
(a) |
300,000 |
286,838 |
2.38%,
11/01/26
(a) |
300,000 |
277,385 |
2.75%,
03/27/27
(a) |
250,000 |
234,078 |
2.85%,
03/27/30
(a) |
450,000 |
402,281 |
3.25%,
03/27/40
(a) |
300,000 |
243,873 |
3.63%,
05/01/43
(a) |
100,000 |
82,710 |
3.88%,
11/01/45
(a) |
300,000 |
258,899 |
3.38%,
11/01/46
(a) |
150,000 |
117,371 |
3.38%,
03/27/50
(a) |
375,000 |
294,508 |
NVR,
Inc. | ||
3.00%,
05/15/30
(a) |
250,000 |
210,461 |
O'Reilly
Automotive, Inc. | ||
3.55%,
03/15/26
(a) |
200,000 |
192,844 |
3.60%,
09/01/27
(a) |
250,000 |
236,221 |
4.35%,
06/01/28
(a) |
209,000 |
203,329 |
3.90%,
06/01/29
(a) |
250,000 |
233,073 |
1.75%,
03/15/31
(a) |
250,000 |
194,074 |
PACCAR
Financial Corp. | ||
0.35%,
02/02/24
|
300,000 |
285,686 |
0.50%,
08/09/24
|
250,000 |
233,087 |
2.15%,
08/15/24
|
50,000 |
47,738 |
0.90%,
11/08/24
|
150,000 |
140,081 |
1.80%,
02/06/25
|
300,000 |
282,453 |
PulteGroup,
Inc. | ||
5.50%,
03/01/26
(a) |
250,000 |
251,203 |
5.00%,
01/15/27
(a) |
150,000 |
148,667 |
7.88%,
06/15/32
|
25,000 |
27,791 |
6.38%,
05/15/33
|
150,000 |
150,083 |
6.00%,
02/15/35
|
100,000 |
96,032 |
PVH
Corp. | ||
4.63%,
07/10/25
(a)(c) |
150,000 |
144,940 |
Ralph
Lauren Corp. | ||
3.75%,
09/15/25
(a) |
100,000 |
97,244 |
2.95%,
06/15/30
(a) |
200,000 |
172,674 |
Rockefeller
Foundation | ||
2.49%,
10/01/50
(a) |
250,000 |
159,456 |
Ross
Stores, Inc. | ||
4.60%,
04/15/25
(a) |
200,000 |
198,794 |
0.88%,
04/15/26
(a) |
150,000 |
131,977 |
1.88%,
04/15/31
(a) |
150,000 |
118,103 |
Starbucks
Corp. | ||
3.80%,
08/15/25
(a) |
350,000 |
342,606 |
2.00%,
03/12/27
(a) |
200,000 |
178,910 |
3.50%,
03/01/28
(a) |
350,000 |
329,267 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
11/15/28
(a) |
250,000 |
238,577 |
3.55%,
08/15/29
(a) |
300,000 |
277,043 |
2.25%,
03/12/30
(a) |
200,000 |
166,402 |
2.55%,
11/15/30
(a) |
275,000 |
231,605 |
3.00%,
02/14/32
(a) |
150,000 |
128,560 |
4.30%,
06/15/45
(a) |
50,000 |
42,289 |
3.75%,
12/01/47
(a) |
150,000 |
114,921 |
4.50%,
11/15/48
(a) |
350,000 |
303,109 |
4.45%,
08/15/49
(a) |
325,000 |
279,202 |
3.35%,
03/12/50
(a) |
200,000 |
141,684 |
3.50%,
11/15/50
(a) |
300,000 |
217,953 |
Tapestry,
Inc. | ||
4.25%,
04/01/25
(a) |
100,000 |
97,801 |
4.13%,
07/15/27
(a) |
150,000 |
140,986 |
3.05%,
03/15/32
(a) |
100,000 |
78,075 |
Target
Corp. | ||
3.50%,
07/01/24
|
300,000 |
294,311 |
2.25%,
04/15/25
(a) |
500,000 |
474,609 |
2.50%,
04/15/26
|
400,000 |
375,083 |
3.38%,
04/15/29
(a) |
325,000 |
302,400 |
2.35%,
02/15/30
(a) |
250,000 |
212,867 |
2.65%,
09/15/30
(a) |
150,000 |
128,996 |
4.50%,
09/15/32
(a) |
300,000 |
292,176 |
6.50%,
10/15/37
|
200,000 |
223,032 |
4.00%,
07/01/42
|
450,000 |
395,287 |
3.63%,
04/15/46
|
125,000 |
99,746 |
3.90%,
11/15/47
(a) |
200,000 |
164,985 |
2.95%,
01/15/52
(a) |
250,000 |
173,401 |
The
California Endowment | ||
2.50%,
04/01/51
(a) |
200,000 |
124,469 |
TJX
Cos., Inc. | ||
2.25%,
09/15/26
(a) |
400,000 |
366,551 |
1.15%,
05/15/28
(a) |
100,000 |
83,636 |
3.88%,
04/15/30
(a) |
150,000 |
140,276 |
Toll
Brothers Finance Corp. | ||
4.88%,
11/15/25
(a) |
100,000 |
98,615 |
4.88%,
03/15/27
(a) |
150,000 |
142,711 |
3.80%,
11/01/29
(a) |
200,000 |
171,466 |
Toyota
Motor Corp. | ||
0.68%,
03/25/24
(a) |
500,000 |
474,716 |
2.36%,
07/02/24
|
150,000 |
144,484 |
1.34%,
03/25/26
(a) |
300,000 |
269,323 |
3.67%,
07/20/28
|
250,000 |
237,646 |
2.76%,
07/02/29
|
150,000 |
133,346 |
Toyota
Motor Credit Corp. | ||
3.35%,
01/08/24
|
200,000 |
196,871 |
0.45%,
01/11/24
|
300,000 |
286,814 |
2.50%,
03/22/24
|
350,000 |
339,809 |
2.90%,
04/17/24
|
250,000 |
243,513 |
4.40%,
09/20/24
|
300,000 |
297,566 |
1.45%,
01/13/25
|
150,000 |
140,569 |
1.80%,
02/13/25
|
400,000 |
376,257 |
3.00%,
04/01/25
|
550,000 |
528,819 |
3.95%,
06/30/25
|
400,000 |
392,567 |
0.80%,
10/16/25
|
400,000 |
358,837 |
0.80%,
01/09/26
|
300,000 |
268,098 |
1.13%,
06/18/26
|
250,000 |
221,413 |
3.20%,
01/11/27
|
650,000 |
612,026 |
3.05%,
03/22/27
|
550,000 |
513,723 |
1.15%,
08/13/27
|
400,000 |
341,338 |
5.45%,
11/10/27
|
125,000 |
128,112 |
3.05%,
01/11/28
|
250,000 |
231,732 |
3.65%,
01/08/29
|
400,000 |
376,594 |
2.15%,
02/13/30
|
250,000 |
210,849 |
3.38%,
04/01/30
|
600,000 |
546,369 |
1.65%,
01/10/31
|
300,000 |
236,654 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Tractor
Supply Co. | ||
1.75%,
11/01/30
(a) |
250,000 |
192,481 |
VF
Corp. | ||
2.40%,
04/23/25
(a) |
225,000 |
211,442 |
2.80%,
04/23/27
(a) |
150,000 |
136,370 |
2.95%,
04/23/30
(a) |
250,000 |
208,353 |
VICI
Properties LP | ||
4.75%,
02/15/28
(a) |
350,000 |
333,695 |
4.95%,
02/15/30
(a) |
300,000 |
283,229 |
5.13%,
05/15/32
(a) |
450,000 |
417,927 |
5.63%,
05/15/52
(a) |
200,000 |
176,896 |
Walgreens
Boots Alliance, Inc. | ||
3.80%,
11/18/24
(a) |
400,000 |
390,635 |
3.45%,
06/01/26
(a) |
400,000 |
380,745 |
3.20%,
04/15/30
(a) |
250,000 |
216,703 |
4.50%,
11/18/34
(a) |
100,000 |
87,494 |
4.65%,
06/01/46
(a) |
150,000 |
120,217 |
4.10%,
04/15/50
(a) |
350,000 |
258,123 |
Walmart,
Inc. | ||
3.30%,
04/22/24
(a) |
450,000 |
441,289 |
2.85%,
07/08/24
(a) |
300,000 |
291,754 |
2.65%,
12/15/24
(a) |
200,000 |
192,547 |
3.55%,
06/26/25
(a) |
300,000 |
293,987 |
3.90%,
09/09/25
|
500,000 |
492,857 |
3.05%,
07/08/26
(a) |
100,000 |
96,258 |
1.05%,
09/17/26
(a) |
100,000 |
88,613 |
5.88%,
04/05/27
|
50,000 |
53,139 |
3.70%,
06/26/28
(a) |
750,000 |
726,369 |
1.50%,
09/22/28
(a) |
200,000 |
171,719 |
3.25%,
07/08/29
(a) |
350,000 |
327,409 |
2.38%,
09/24/29
(a) |
150,000 |
131,816 |
1.80%,
09/22/31
(a) |
600,000 |
489,735 |
4.15%,
09/09/32
(a) |
400,000 |
391,270 |
5.25%,
09/01/35
|
600,000 |
631,749 |
6.50%,
08/15/37
|
100,000 |
117,407 |
6.20%,
04/15/38
|
150,000 |
170,904 |
3.95%,
06/28/38
(a) |
300,000 |
276,044 |
5.00%,
10/25/40
|
150,000 |
151,737 |
5.63%,
04/15/41
|
150,000 |
163,966 |
2.50%,
09/22/41
(a) |
350,000 |
255,529 |
4.00%,
04/11/43
(a) |
225,000 |
200,526 |
4.30%,
04/22/44
(a) |
200,000 |
185,117 |
3.63%,
12/15/47
(a) |
150,000 |
123,867 |
4.05%,
06/29/48
(a) |
650,000 |
582,482 |
2.95%,
09/24/49
(a) |
350,000 |
256,858 |
2.65%,
09/22/51
(a) |
250,000 |
171,613 |
|
|
112,856,580 |
Consumer
Non-Cyclical 3.5%
| ||
Abbott
Laboratories | ||
3.88%,
09/15/25
(a) |
100,000 |
98,181 |
3.75%,
11/30/26
(a) |
808,000 |
788,296 |
1.15%,
01/30/28
(a) |
350,000 |
297,997 |
1.40%,
06/30/30
(a) |
100,000 |
79,690 |
4.75%,
11/30/36
(a) |
500,000 |
495,493 |
6.00%,
04/01/39
|
160,000 |
176,061 |
5.30%,
05/27/40
|
200,000 |
204,873 |
4.75%,
04/15/43
(a) |
200,000 |
191,882 |
4.90%,
11/30/46
(a) |
950,000 |
929,459 |
AbbVie,
Inc. | ||
3.85%,
06/15/24
(a) |
300,000 |
295,385 |
2.60%,
11/21/24
(a) |
1,050,000 |
1,005,558 |
3.80%,
03/15/25
(a) |
500,000 |
487,735 |
3.60%,
05/14/25
(a) |
1,100,000 |
1,066,490 |
3.20%,
05/14/26
(a) |
550,000 |
520,792 |
2.95%,
11/21/26
(a) |
1,200,000 |
1,118,843 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.25%,
11/14/28
(a) |
590,000 |
571,025 |
3.20%,
11/21/29
(a) |
1,500,000 |
1,354,146 |
4.55%,
03/15/35
(a) |
550,000 |
515,293 |
4.50%,
05/14/35
(a) |
825,000 |
768,746 |
4.30%,
05/14/36
(a) |
350,000 |
316,586 |
4.05%,
11/21/39
(a) |
1,050,000 |
899,611 |
4.63%,
10/01/42
(a) |
150,000 |
134,647 |
4.40%,
11/06/42
|
750,000 |
651,339 |
4.85%,
06/15/44
(a) |
200,000 |
183,494 |
4.75%,
03/15/45
(a) |
218,000 |
196,121 |
4.70%,
05/14/45
(a) |
775,000 |
692,012 |
4.45%,
05/14/46
(a) |
250,000 |
216,916 |
4.88%,
11/14/48
(a) |
619,000 |
569,526 |
4.25%,
11/21/49
(a) |
1,550,000 |
1,302,065 |
AdventHealth
Obligated Group | ||
2.80%,
11/15/51
(a) |
100,000 |
63,986 |
Adventist
Health System | ||
2.95%,
03/01/29
(a) |
150,000 |
128,463 |
Advocate
Health & Hospitals Corp. | ||
3.83%,
08/15/28
(a) |
100,000 |
93,743 |
2.21%,
06/15/30
(a) |
150,000 |
123,784 |
4.27%,
08/15/48
(a) |
89,000 |
74,874 |
3.39%,
10/15/49
(a) |
200,000 |
144,241 |
3.01%,
06/15/50
(a) |
50,000 |
33,532 |
Agilent
Technologies, Inc. | ||
2.75%,
09/15/29
(a) |
350,000 |
302,100 |
2.30%,
03/12/31
(a) |
250,000 |
202,510 |
Ahold
Finance USA LLC | ||
6.88%,
05/01/29
|
150,000 |
156,745 |
AHS
Hospital Corp. | ||
5.02%,
07/01/45
|
150,000 |
144,311 |
2.78%,
07/01/51
(a) |
125,000 |
78,026 |
Allina
Health System | ||
3.89%,
04/15/49
|
150,000 |
120,335 |
2.90%,
11/15/51
(a) |
50,000 |
32,556 |
Altria
Group, Inc. | ||
4.00%,
01/31/24
|
250,000 |
247,622 |
3.80%,
02/14/24
(a) |
100,000 |
98,353 |
2.35%,
05/06/25
(a) |
250,000 |
235,553 |
4.40%,
02/14/26
(a) |
250,000 |
245,264 |
2.63%,
09/16/26
(a) |
250,000 |
229,652 |
4.80%,
02/14/29
(a) |
560,000 |
538,006 |
3.40%,
05/06/30
(a) |
200,000 |
170,999 |
2.45%,
02/04/32
(a) |
500,000 |
377,786 |
5.80%,
02/14/39
(a) |
450,000 |
412,824 |
3.40%,
02/04/41
(a) |
300,000 |
199,336 |
4.25%,
08/09/42
|
350,000 |
259,631 |
4.50%,
05/02/43
|
150,000 |
113,405 |
5.38%,
01/31/44
|
600,000 |
531,666 |
3.88%,
09/16/46
(a) |
500,000 |
335,485 |
5.95%,
02/14/49
(a) |
650,000 |
581,837 |
4.45%,
05/06/50
(a) |
200,000 |
142,254 |
3.70%,
02/04/51
(a) |
400,000 |
253,317 |
4.00%,
02/04/61
(a) |
150,000 |
97,950 |
AmerisourceBergen
Corp. | ||
3.40%,
05/15/24
(a) |
150,000 |
146,546 |
3.45%,
12/15/27
(a) |
300,000 |
280,865 |
2.80%,
05/15/30
(a) |
200,000 |
169,943 |
2.70%,
03/15/31
(a) |
350,000 |
290,929 |
4.30%,
12/15/47
(a) |
150,000 |
124,792 |
Amgen,
Inc. | ||
3.63%,
05/22/24
(a) |
450,000 |
441,902 |
1.90%,
02/21/25
(a) |
150,000 |
140,839 |
3.13%,
05/01/25
(a) |
250,000 |
240,211 |
2.60%,
08/19/26
(a) |
400,000 |
370,079 |
2.20%,
02/21/27
(a) |
450,000 |
404,897 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.20%,
11/02/27
(a) |
300,000 |
278,482 |
1.65%,
08/15/28
(a) |
400,000 |
334,513 |
3.00%,
02/22/29
(a) |
250,000 |
221,982 |
2.45%,
02/21/30
(a) |
400,000 |
337,812 |
2.30%,
02/25/31
(a) |
425,000 |
346,686 |
2.00%,
01/15/32
(a) |
400,000 |
312,052 |
3.35%,
02/22/32
(a) |
350,000 |
306,016 |
4.20%,
03/01/33
(a) |
225,000 |
208,959 |
6.38%,
06/01/37
|
50,000 |
53,247 |
6.40%,
02/01/39
|
50,000 |
53,274 |
3.15%,
02/21/40
(a) |
500,000 |
369,243 |
2.80%,
08/15/41
(a) |
400,000 |
278,320 |
4.95%,
10/01/41
|
225,000 |
206,847 |
5.15%,
11/15/41
(a) |
276,000 |
257,778 |
5.65%,
06/15/42
(a) |
100,000 |
99,400 |
4.40%,
05/01/45
(a) |
700,000 |
584,781 |
4.56%,
06/15/48
(a) |
400,000 |
344,724 |
3.38%,
02/21/50
(a) |
700,000 |
489,823 |
4.66%,
06/15/51
(a) |
900,000 |
778,818 |
3.00%,
01/15/52
(a) |
200,000 |
128,699 |
4.20%,
02/22/52
(a) |
250,000 |
200,832 |
4.88%,
03/01/53
(a) |
300,000 |
267,530 |
2.77%,
09/01/53
(a) |
322,000 |
195,271 |
4.40%,
02/22/62
(a) |
350,000 |
280,839 |
Anheuser-Busch
Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%,
02/01/26
(a) |
900,000 |
867,268 |
4.70%,
02/01/36
(a) |
1,425,000 |
1,349,965 |
4.90%,
02/01/46
(a) |
2,550,000 |
2,335,887 |
Anheuser-Busch
InBev Finance, Inc. | ||
4.70%,
02/01/36
(a) |
187,000 |
176,937 |
4.63%,
02/01/44
|
300,000 |
270,021 |
4.90%,
02/01/46
(a) |
450,000 |
415,421 |
Anheuser-Busch
InBev Worldwide, Inc. | ||
4.00%,
04/13/28
(a) |
750,000 |
716,825 |
4.75%,
01/23/29
(a) |
1,100,000 |
1,088,138 |
3.50%,
06/01/30
(a) |
500,000 |
455,426 |
4.90%,
01/23/31
(a) |
250,000 |
250,409 |
4.38%,
04/15/38
(a) |
125,000 |
112,441 |
8.20%,
01/15/39
|
350,000 |
436,045 |
5.45%,
01/23/39
(a) |
600,000 |
598,707 |
4.35%,
06/01/40
(a) |
350,000 |
309,875 |
4.95%,
01/15/42
|
490,000 |
459,883 |
4.60%,
04/15/48
(a) |
750,000 |
660,311 |
4.44%,
10/06/48
(a) |
350,000 |
299,975 |
5.55%,
01/23/49
(a) |
1,175,000 |
1,172,160 |
4.50%,
06/01/50
(a) |
675,000 |
597,097 |
4.75%,
04/15/58
(a) |
450,000 |
398,968 |
5.80%,
01/23/59
(a) |
600,000 |
621,223 |
Archer-Daniels-Midland
Co. | ||
2.50%,
08/11/26
(a) |
500,000 |
464,609 |
3.25%,
03/27/30
(a) |
450,000 |
405,707 |
5.38%,
09/15/35
|
200,000 |
205,387 |
3.75%,
09/15/47
(a) |
175,000 |
143,008 |
4.50%,
03/15/49
(a) |
250,000 |
229,821 |
2.70%,
09/15/51
(a) |
200,000 |
133,563 |
Ascension
Health | ||
2.53%,
11/15/29
(a) |
120,000 |
103,155 |
3.11%,
11/15/39
(a) |
200,000 |
153,513 |
3.95%,
11/15/46
|
325,000 |
270,814 |
4.85%,
11/15/53
|
150,000 |
142,892 |
Astrazeneca
Finance LLC | ||
0.70%,
05/28/24
(a) |
500,000 |
471,846 |
1.20%,
05/28/26
(a) |
350,000 |
312,130 |
1.75%,
05/28/28
(a) |
350,000 |
301,019 |
2.25%,
05/28/31
(a) |
100,000 |
83,419 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
AstraZeneca
PLC | ||
3.38%,
11/16/25
|
650,000 |
628,724 |
0.70%,
04/08/26
(a) |
225,000 |
198,133 |
3.13%,
06/12/27
(a) |
50,000 |
47,082 |
4.00%,
01/17/29
(a) |
200,000 |
192,505 |
1.38%,
08/06/30
(a) |
600,000 |
475,179 |
6.45%,
09/15/37
|
700,000 |
791,185 |
4.00%,
09/18/42
|
350,000 |
303,364 |
4.38%,
11/16/45
|
250,000 |
225,413 |
4.38%,
08/17/48
(a) |
250,000 |
224,510 |
2.13%,
08/06/50
(a) |
200,000 |
118,176 |
3.00%,
05/28/51
(a) |
250,000 |
176,743 |
Banner
Health | ||
2.34%,
01/01/30
(a) |
200,000 |
167,372 |
1.90%,
01/01/31
(a) |
100,000 |
79,200 |
3.18%,
01/01/50
(a) |
100,000 |
69,987 |
2.91%,
01/01/51
(a) |
100,000 |
65,774 |
Baptist
Health South Florida Obligated Group | ||
3.12%,
11/15/71
(a) |
50,000 |
29,465 |
Baptist
Healthcare System Obligated Group | ||
Series
20B
3.54%,
08/15/50
(a) |
150,000 |
107,743 |
BAT
Capital Corp. | ||
3.22%,
08/15/24
(a) |
750,000 |
723,734 |
2.79%,
09/06/24
(a) |
300,000 |
287,621 |
3.22%,
09/06/26
(a) |
350,000 |
324,009 |
4.70%,
04/02/27
(a) |
250,000 |
240,429 |
3.56%,
08/15/27
(a) |
1,000,000 |
912,346 |
2.26%,
03/25/28
(a) |
200,000 |
166,573 |
3.46%,
09/06/29
(a) |
200,000 |
171,726 |
4.91%,
04/02/30
(a) |
400,000 |
367,016 |
2.73%,
03/25/31
(a) |
250,000 |
195,196 |
7.75%,
10/19/32
(a) |
250,000 |
269,605 |
4.39%,
08/15/37
(a) |
700,000 |
544,827 |
3.73%,
09/25/40
(a) |
250,000 |
170,207 |
4.54%,
08/15/47
(a) |
600,000 |
426,871 |
4.76%,
09/06/49
(a) |
325,000 |
236,972 |
5.28%,
04/02/50
(a) |
275,000 |
217,433 |
3.98%,
09/25/50
(a) |
300,000 |
197,887 |
5.65%,
03/16/52
(a) |
200,000 |
166,807 |
BAT
International Finance PLC | ||
1.67%,
03/25/26
(a) |
350,000 |
310,369 |
4.45%,
03/16/28
(a) |
300,000 |
278,271 |
Baxalta,
Inc. | ||
4.00%,
06/23/25
(a) |
200,000 |
194,943 |
5.25%,
06/23/45
(a) |
173,000 |
164,434 |
Baxter
International, Inc. | ||
1.32%,
11/29/24
|
450,000 |
419,399 |
2.60%,
08/15/26
(a) |
200,000 |
185,028 |
1.92%,
02/01/27
(a) |
500,000 |
444,445 |
3.95%,
04/01/30
(a) |
250,000 |
228,165 |
1.73%,
04/01/31
(a) |
300,000 |
229,778 |
2.54%,
02/01/32
(a) |
450,000 |
359,106 |
3.50%,
08/15/46
(a) |
150,000 |
107,634 |
3.13%,
12/01/51
(a) |
150,000 |
97,954 |
BayCare
Health System, Inc. | ||
Series
2020
3.83%,
11/15/50
(a) |
150,000 |
119,695 |
Baylor
Scott & White Holdings | ||
1.78%,
11/15/30
(a) |
50,000 |
39,316 |
4.19%,
11/15/45
(a) |
150,000 |
127,489 |
3.97%,
11/15/46
(a) |
50,000 |
40,532 |
2.84%,
11/15/50
(a) |
325,000 |
215,904 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Becton
Dickinson & Co. | ||
3.73%,
12/15/24
(a) |
487,000 |
475,028 |
3.70%,
06/06/27
(a) |
481,000 |
455,575 |
2.82%,
05/20/30
(a) |
250,000 |
214,797 |
1.96%,
02/11/31
(a) |
300,000 |
237,437 |
4.69%,
12/15/44
(a) |
300,000 |
268,106 |
4.67%,
06/06/47
(a) |
450,000 |
397,705 |
3.79%,
05/20/50
(a) |
150,000 |
115,677 |
Beth
Israel Lahey Health, Inc. | ||
3.08%,
07/01/51
(a) |
150,000 |
93,048 |
Biogen,
Inc. | ||
4.05%,
09/15/25
(a) |
500,000 |
486,115 |
2.25%,
05/01/30
(a) |
500,000 |
407,493 |
3.15%,
05/01/50
(a) |
575,000 |
379,998 |
3.25%,
02/15/51
(a) |
335,000 |
225,442 |
Bio-Rad
Laboratories, Inc. | ||
3.30%,
03/15/27
(a) |
100,000 |
92,403 |
3.70%,
03/15/32
(a) |
250,000 |
214,624 |
Bon
Secours Mercy Health, Inc. | ||
3.46%,
06/01/30
(a) |
100,000 |
89,299 |
2.10%,
06/01/31
(a) |
100,000 |
78,154 |
3.21%,
06/01/50
(a) |
100,000 |
65,221 |
Boston
Scientific Corp. | ||
3.45%,
03/01/24
(a) |
110,000 |
107,982 |
1.90%,
06/01/25
(a) |
150,000 |
140,267 |
2.65%,
06/01/30
(a) |
350,000 |
300,793 |
6.75%,
11/15/35
(f) |
100,000 |
109,720 |
4.55%,
03/01/39
(a) |
100,000 |
89,892 |
7.38%,
01/15/40
|
100,000 |
116,584 |
4.70%,
03/01/49
(a) |
200,000 |
180,622 |
Bristol-Myers
Squibb Co. | ||
2.90%,
07/26/24
(a) |
800,000 |
777,704 |
3.88%,
08/15/25
(a) |
114,000 |
110,741 |
0.75%,
11/13/25
(a) |
250,000 |
225,144 |
3.20%,
06/15/26
(a) |
547,000 |
522,523 |
3.25%,
02/27/27
|
250,000 |
238,553 |
1.13%,
11/13/27
(a) |
300,000 |
256,775 |
3.90%,
02/20/28
(a) |
350,000 |
338,316 |
3.40%,
07/26/29
(a) |
700,000 |
650,894 |
1.45%,
11/13/30
(a) |
100,000 |
79,046 |
2.95%,
03/15/32
(a) |
600,000 |
523,819 |
4.13%,
06/15/39
(a) |
650,000 |
580,283 |
2.35%,
11/13/40
(a) |
300,000 |
206,440 |
3.25%,
08/01/42
|
300,000 |
229,685 |
5.00%,
08/15/45
(a) |
300,000 |
291,927 |
4.35%,
11/15/47
(a) |
425,000 |
376,313 |
4.55%,
02/20/48
(a) |
406,000 |
369,542 |
4.25%,
10/26/49
(a) |
1,000,000 |
864,868 |
2.55%,
11/13/50
(a) |
200,000 |
126,611 |
3.70%,
03/15/52
(a) |
650,000 |
507,341 |
3.90%,
03/15/62
(a) |
325,000 |
254,184 |
Brown-Forman
Corp. | ||
4.00%,
04/15/38
(a) |
150,000 |
131,946 |
4.50%,
07/15/45
(a) |
150,000 |
137,284 |
Brunswick
Corp. | ||
0.85%,
08/18/24
(a) |
225,000 |
208,169 |
2.40%,
08/18/31
(a) |
200,000 |
147,394 |
5.10%,
04/01/52
(a) |
150,000 |
108,943 |
Bunge
Ltd. Finance Corp. | ||
1.63%,
08/17/25
(a) |
200,000 |
182,517 |
3.75%,
09/25/27
(a) |
400,000 |
374,713 |
2.75%,
05/14/31
(a) |
250,000 |
205,741 |
Campbell
Soup Co. | ||
3.95%,
03/15/25
(a) |
250,000 |
244,418 |
4.15%,
03/15/28
(a) |
200,000 |
191,500 |
2.38%,
04/24/30
(a) |
250,000 |
208,013 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.80%,
03/15/48
(a) |
225,000 |
200,063 |
3.13%,
04/24/50
(a) |
25,000 |
16,999 |
Cardinal
Health, Inc. | ||
3.08%,
06/15/24
(a) |
272,000 |
264,323 |
3.75%,
09/15/25
(a) |
250,000 |
242,407 |
3.41%,
06/15/27
(a) |
400,000 |
375,195 |
4.60%,
03/15/43
|
150,000 |
124,258 |
4.90%,
09/15/45
(a) |
150,000 |
127,887 |
4.37%,
06/15/47
(a) |
100,000 |
78,810 |
Catholic
Health Services of Long Island Obligated Group | ||
3.37%,
07/01/50
(a) |
125,000 |
84,639 |
Cedars-Sinai
Health System | ||
2.29%,
08/15/31
(a) |
100,000 |
80,587 |
Children's
Health System of Texas | ||
2.51%,
08/15/50
(a) |
175,000 |
105,428 |
Children's
Hospital | ||
2.93%,
07/15/50
(a) |
100,000 |
62,769 |
Children's
Hospital Corp. | ||
4.12%,
01/01/47
(a) |
100,000 |
84,782 |
2.59%,
02/01/50
(a) |
120,000 |
73,140 |
Children's
Hospital Medical Center | ||
4.27%,
05/15/44
|
100,000 |
88,107 |
Children's
Hospital of Philadelphia | ||
2.70%,
07/01/50
(a) |
150,000 |
96,357 |
CHRISTUS
Health | ||
4.34%,
07/01/28
(a) |
150,000 |
143,350 |
Church
& Dwight Co., Inc. | ||
3.15%,
08/01/27
(a) |
350,000 |
327,350 |
5.60%,
11/15/32
(a) |
100,000 |
103,851 |
5.00%,
06/15/52
(a) |
150,000 |
140,971 |
Cigna
Corp. | ||
0.61%,
03/15/24
(a) |
75,000 |
71,136 |
3.25%,
04/15/25
(a) |
300,000 |
289,278 |
4.13%,
11/15/25
(a) |
750,000 |
734,129 |
4.50%,
02/25/26
(a) |
385,000 |
379,571 |
1.25%,
03/15/26
(a) |
150,000 |
133,796 |
3.40%,
03/01/27
(a) |
435,000 |
408,760 |
3.05%,
10/15/27
(a) |
191,000 |
175,183 |
4.38%,
10/15/28
(a) |
1,000,000 |
966,014 |
2.40%,
03/15/30
(a) |
500,000 |
419,526 |
2.38%,
03/15/31
(a) |
450,000 |
368,817 |
4.80%,
08/15/38
(a) |
500,000 |
466,599 |
3.20%,
03/15/40
(a) |
100,000 |
75,853 |
6.13%,
11/15/41
|
145,000 |
151,077 |
4.80%,
07/15/46
(a) |
405,000 |
364,136 |
3.88%,
10/15/47
(a) |
289,000 |
223,753 |
4.90%,
12/15/48
(a) |
850,000 |
771,839 |
3.40%,
03/15/50
(a) |
375,000 |
266,802 |
3.40%,
03/15/51
(a) |
425,000 |
303,633 |
City
of Hope | ||
5.62%,
11/15/43
|
195,000 |
195,706 |
Cleveland
Clinic Foundation | ||
4.86%,
01/01/14
|
125,000 |
108,208 |
Clorox
Co. | ||
3.10%,
10/01/27
(a) |
100,000 |
92,496 |
3.90%,
05/15/28
(a) |
450,000 |
430,739 |
4.40%,
05/01/29
(a) |
150,000 |
144,935 |
1.80%,
05/15/30
(a) |
100,000 |
79,719 |
Coca-Cola
Co. | ||
1.75%,
09/06/24
|
350,000 |
333,964 |
3.38%,
03/25/27
|
350,000 |
336,171 |
1.45%,
06/01/27
|
500,000 |
442,111 |
1.00%,
03/15/28
|
500,000 |
419,370 |
2.13%,
09/06/29
|
300,000 |
257,042 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.45%,
03/25/30
|
400,000 |
372,141 |
1.65%,
06/01/30
|
250,000 |
204,618 |
2.00%,
03/05/31
|
200,000 |
165,312 |
1.38%,
03/15/31
|
400,000 |
313,385 |
2.25%,
01/05/32
|
500,000 |
419,225 |
2.50%,
06/01/40
|
500,000 |
364,599 |
4.20%,
03/25/50
|
250,000 |
231,234 |
2.60%,
06/01/50
|
400,000 |
269,149 |
3.00%,
03/05/51
|
350,000 |
256,384 |
2.50%,
03/15/51
|
500,000 |
328,732 |
2.75%,
06/01/60
|
275,000 |
186,384 |
Coca-Cola
Consolidated, Inc. | ||
3.80%,
11/25/25
(a) |
150,000 |
145,998 |
Coca-Cola
Femsa S.A.B. de C.V. | ||
2.75%,
01/22/30
(a) |
350,000 |
305,096 |
1.85%,
09/01/32
(a) |
250,000 |
190,143 |
5.25%,
11/26/43
|
200,000 |
192,974 |
Colgate-Palmolive
Co. | ||
3.25%,
03/15/24
|
200,000 |
197,266 |
3.70%,
08/01/47
(a) |
377,000 |
322,570 |
CommonSpirit
Health | ||
2.76%,
10/01/24
(a) |
300,000 |
287,847 |
6.07%,
11/01/27
(a) |
300,000 |
307,338 |
3.35%,
10/01/29
(a) |
350,000 |
304,253 |
4.35%,
11/01/42
|
200,000 |
168,102 |
3.82%,
10/01/49
(a) |
150,000 |
112,756 |
4.19%,
10/01/49
(a) |
275,000 |
214,775 |
3.91%,
10/01/50
(a) |
225,000 |
166,913 |
Community
Health Network, Inc. | ||
3.10%,
05/01/50
(a) |
150,000 |
95,477 |
Conagra
Brands, Inc. | ||
4.30%,
05/01/24
(a) |
260,000 |
256,467 |
4.60%,
11/01/25
(a) |
250,000 |
246,336 |
1.38%,
11/01/27
(a) |
350,000 |
291,534 |
7.00%,
10/01/28
|
50,000 |
53,439 |
4.85%,
11/01/28
(a) |
400,000 |
389,929 |
8.25%,
09/15/30
|
50,000 |
56,978 |
5.30%,
11/01/38
(a) |
350,000 |
331,701 |
5.40%,
11/01/48
(a) |
300,000 |
279,639 |
Constellation
Brands, Inc. | ||
4.75%,
11/15/24
|
150,000 |
149,213 |
4.40%,
11/15/25
(a) |
250,000 |
246,135 |
4.75%,
12/01/25
|
200,000 |
199,816 |
3.70%,
12/06/26
(a) |
200,000 |
190,708 |
3.60%,
02/15/28
(a) |
100,000 |
92,634 |
4.65%,
11/15/28
(a) |
250,000 |
242,068 |
3.15%,
08/01/29
(a) |
300,000 |
263,351 |
2.88%,
05/01/30
(a) |
550,000 |
468,572 |
4.75%,
05/09/32
(a) |
200,000 |
192,224 |
4.50%,
05/09/47
(a) |
175,000 |
147,869 |
4.10%,
02/15/48
(a) |
150,000 |
120,294 |
5.25%,
11/15/48
(a) |
200,000 |
188,907 |
Cottage
Health Obligated Group | ||
3.30%,
11/01/49
(a) |
200,000 |
142,464 |
CVS
Health Corp. | ||
3.38%,
08/12/24
(a) |
250,000 |
244,104 |
2.63%,
08/15/24
(a) |
300,000 |
288,209 |
4.10%,
03/25/25
(a) |
300,000 |
295,934 |
3.88%,
07/20/25
(a) |
750,000 |
732,720 |
2.88%,
06/01/26
(a) |
400,000 |
373,848 |
3.00%,
08/15/26
(a) |
250,000 |
233,681 |
3.63%,
04/01/27
(a) |
250,000 |
237,531 |
6.25%,
06/01/27
|
200,000 |
210,128 |
1.30%,
08/21/27
(a) |
350,000 |
297,055 |
4.30%,
03/25/28
(a) |
1,372,000 |
1,327,954 |
3.25%,
08/15/29
(a) |
500,000 |
448,193 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.75%,
04/01/30
(a) |
400,000 |
363,591 |
1.75%,
08/21/30
(a) |
100,000 |
78,740 |
1.88%,
02/28/31
(a) |
400,000 |
313,930 |
2.13%,
09/15/31
(a) |
300,000 |
238,229 |
4.88%,
07/20/35
(a) |
250,000 |
237,499 |
4.78%,
03/25/38
(a) |
1,400,000 |
1,283,045 |
6.13%,
09/15/39
|
150,000 |
154,970 |
4.13%,
04/01/40
(a) |
150,000 |
125,119 |
2.70%,
08/21/40
(a) |
400,000 |
274,704 |
5.30%,
12/05/43
(a) |
250,000 |
234,812 |
5.13%,
07/20/45
(a) |
900,000 |
821,322 |
5.05%,
03/25/48
(a) |
2,200,000 |
1,985,662 |
4.25%,
04/01/50
(a) |
250,000 |
200,996 |
Danaher
Corp. | ||
3.35%,
09/15/25
(a) |
150,000 |
144,580 |
4.38%,
09/15/45
(a) |
75,000 |
67,018 |
2.60%,
10/01/50
(a) |
250,000 |
160,145 |
2.80%,
12/10/51
(a) |
250,000 |
166,353 |
Dartmouth-Hitchcock
Health | ||
4.18%,
08/01/48
(a) |
100,000 |
77,890 |
DENTSPLY
SIRONA, Inc. | ||
3.25%,
06/01/30
(a) |
200,000 |
165,958 |
DH
Europe Finance II Sarl | ||
2.20%,
11/15/24
(a) |
200,000 |
190,562 |
2.60%,
11/15/29
(a) |
250,000 |
219,190 |
3.25%,
11/15/39
(a) |
200,000 |
160,641 |
3.40%,
11/15/49
(a) |
300,000 |
227,074 |
Diageo
Capital PLC | ||
2.13%,
10/24/24
(a) |
200,000 |
189,976 |
1.38%,
09/29/25
(a) |
200,000 |
183,556 |
5.30%,
10/24/27
(a) |
300,000 |
307,198 |
3.88%,
05/18/28
(a) |
250,000 |
238,691 |
2.38%,
10/24/29
(a) |
200,000 |
171,222 |
2.00%,
04/29/30
(a) |
350,000 |
288,833 |
2.13%,
04/29/32
(a) |
250,000 |
199,379 |
5.50%,
01/24/33
(a) |
225,000 |
235,581 |
5.88%,
09/30/36
|
200,000 |
211,302 |
3.88%,
04/29/43
(a) |
50,000 |
41,351 |
Diageo
Investment Corp. | ||
7.45%,
04/15/35
|
100,000 |
119,138 |
4.25%,
05/11/42
|
100,000 |
88,398 |
Dignity
Health | ||
4.50%,
11/01/42
|
100,000 |
83,720 |
5.27%,
11/01/64
|
100,000 |
86,950 |
Duke
University Health System, Inc. | ||
3.92%,
06/01/47
(a) |
200,000 |
162,197 |
Edwards
Lifesciences Corp. | ||
4.30%,
06/15/28
(a) |
250,000 |
239,728 |
Eli
Lilly & Co. | ||
2.75%,
06/01/25
(a) |
50,000 |
47,855 |
3.10%,
05/15/27
(a) |
250,000 |
235,453 |
3.38%,
03/15/29
(a) |
350,000 |
328,444 |
3.70%,
03/01/45
(a) |
50,000 |
42,075 |
3.95%,
05/15/47
(a) |
100,000 |
87,970 |
3.95%,
03/15/49
(a) |
350,000 |
312,360 |
2.25%,
05/15/50
(a) |
450,000 |
284,535 |
4.15%,
03/15/59
(a) |
175,000 |
152,461 |
2.50%,
09/15/60
(a) |
300,000 |
184,612 |
Estee
Lauder Cos., Inc. | ||
2.00%,
12/01/24
(a) |
100,000 |
94,923 |
3.15%,
03/15/27
(a) |
250,000 |
237,134 |
2.38%,
12/01/29
(a) |
200,000 |
172,162 |
2.60%,
04/15/30
(a) |
250,000 |
215,639 |
4.38%,
06/15/45
(a) |
150,000 |
133,676 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.15%,
03/15/47
(a) |
150,000 |
129,149 |
3.13%,
12/01/49
(a) |
300,000 |
217,332 |
Flowers
Foods, Inc. | ||
2.40%,
03/15/31
(a) |
200,000 |
161,217 |
Fomento
Economico Mexicano S.A.B. de C.V. | ||
4.38%,
05/10/43
|
200,000 |
164,996 |
3.50%,
01/16/50
(a) |
600,000 |
420,399 |
Franciscan
Missionaries of Our Lady Health System, Inc. | ||
3.91%,
07/01/49
(a) |
50,000 |
38,058 |
GE
HealthCare Technologies, Inc. | ||
5.55%,
11/15/24
(c) |
250,000 |
250,877 |
5.60%,
11/15/25
(a)(c) |
400,000 |
402,602 |
5.65%,
11/15/27
(a)(c) |
450,000 |
456,986 |
5.86%,
03/15/30
(a)(c) |
350,000 |
359,290 |
5.91%,
11/22/32
(a)(c) |
500,000 |
519,859 |
6.38%,
11/22/52
(a)(c) |
300,000 |
322,071 |
General
Mills, Inc. | ||
3.65%,
02/15/24
(a) |
200,000 |
197,195 |
4.00%,
04/17/25
(a) |
200,000 |
195,577 |
3.20%,
02/10/27
(a) |
300,000 |
284,379 |
4.20%,
04/17/28
(a) |
325,000 |
314,581 |
2.88%,
04/15/30
(a) |
350,000 |
303,550 |
4.70%,
04/17/48
(a) |
50,000 |
44,892 |
3.00%,
02/01/51
(a) |
401,000 |
274,745 |
Gilead
Sciences, Inc. | ||
3.70%,
04/01/24
(a) |
400,000 |
393,613 |
3.50%,
02/01/25
(a) |
600,000 |
581,404 |
3.65%,
03/01/26
(a) |
700,000 |
676,087 |
2.95%,
03/01/27
(a) |
350,000 |
326,209 |
1.20%,
10/01/27
(a) |
400,000 |
340,066 |
4.60%,
09/01/35
(a) |
375,000 |
356,428 |
4.00%,
09/01/36
(a) |
300,000 |
264,807 |
5.65%,
12/01/41
(a) |
200,000 |
204,765 |
4.80%,
04/01/44
(a) |
550,000 |
507,641 |
4.50%,
02/01/45
(a) |
400,000 |
351,952 |
4.75%,
03/01/46
(a) |
650,000 |
588,215 |
4.15%,
03/01/47
(a) |
575,000 |
477,090 |
2.80%,
10/01/50
(a) |
500,000 |
323,780 |
GlaxoSmithKline
Capital PLC | ||
3.00%,
06/01/24
(a) |
300,000 |
292,142 |
3.38%,
06/01/29
(a) |
150,000 |
138,670 |
GlaxoSmithKline
Capital, Inc. | ||
3.63%,
05/15/25
|
250,000 |
244,376 |
3.88%,
05/15/28
|
500,000 |
480,973 |
5.38%,
04/15/34
|
180,000 |
186,662 |
6.38%,
05/15/38
|
775,000 |
874,010 |
4.20%,
03/18/43
|
175,000 |
152,352 |
GSK
Consumer Healthcare Capital US LLC | ||
3.02%,
03/24/24
(a) |
250,000 |
242,603 |
3.13%,
03/24/25
|
500,000 |
476,761 |
3.38%,
03/24/27
(a) |
500,000 |
466,339 |
3.38%,
03/24/29
(a) |
300,000 |
270,412 |
3.63%,
03/24/32
(a) |
600,000 |
529,280 |
4.00%,
03/24/52
(a) |
300,000 |
235,374 |
Hackensack
Meridian Health, Inc. | ||
2.68%,
09/01/41
(a) |
200,000 |
138,595 |
4.21%,
07/01/48
(a) |
100,000 |
83,892 |
4.50%,
07/01/57
(a) |
150,000 |
129,562 |
Hartford
HealthCare Corp. | ||
3.45%,
07/01/54
|
150,000 |
105,922 |
Hasbro,
Inc. | ||
3.00%,
11/19/24
(a) |
150,000 |
144,111 |
3.55%,
11/19/26
(a) |
200,000 |
187,821 |
3.50%,
09/15/27
(a) |
200,000 |
186,127 |
3.90%,
11/19/29
(a) |
200,000 |
178,133 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.35%,
03/15/40
|
150,000 |
147,075 |
5.10%,
05/15/44
(a) |
100,000 |
85,297 |
HCA,
Inc. | ||
5.00%,
03/15/24
|
500,000 |
497,410 |
5.38%,
02/01/25
|
750,000 |
750,035 |
5.25%,
04/15/25
|
350,000 |
348,023 |
5.88%,
02/15/26
(a) |
500,000 |
503,483 |
5.25%,
06/15/26
(a) |
250,000 |
247,455 |
5.38%,
09/01/26
(a) |
250,000 |
247,759 |
4.50%,
02/15/27
(a) |
450,000 |
433,880 |
3.13%,
03/15/27
(a)(c) |
350,000 |
318,949 |
5.63%,
09/01/28
(a) |
500,000 |
498,300 |
5.88%,
02/01/29
(a) |
250,000 |
250,578 |
3.38%,
03/15/29
(a)(c) |
250,000 |
219,786 |
4.13%,
06/15/29
(a) |
650,000 |
594,972 |
3.50%,
09/01/30
(a) |
750,000 |
646,513 |
3.63%,
03/15/32
(a)(c) |
500,000 |
423,569 |
5.13%,
06/15/39
(a) |
225,000 |
201,198 |
4.38%,
03/15/42
(a)(c) |
150,000 |
120,090 |
5.50%,
06/15/47
(a) |
400,000 |
356,328 |
5.25%,
06/15/49
(a) |
600,000 |
514,599 |
3.50%,
07/15/51
(a) |
450,000 |
290,712 |
4.63%,
03/15/52
(a)(c) |
500,000 |
391,483 |
Hershey
Co. | ||
0.90%,
06/01/25
(a) |
200,000 |
183,058 |
2.30%,
08/15/26
(a) |
310,000 |
285,252 |
2.45%,
11/15/29
(a) |
100,000 |
86,243 |
3.13%,
11/15/49
(a) |
150,000 |
107,921 |
2.65%,
06/01/50
(a) |
150,000 |
98,517 |
Hoag
Memorial Hospital Presbyterian | ||
3.80%,
07/15/52
(a) |
150,000 |
118,246 |
Hormel
Foods Corp. | ||
0.65%,
06/03/24
(a) |
300,000 |
282,954 |
1.70%,
06/03/28
(a) |
150,000 |
129,949 |
1.80%,
06/11/30
(a) |
250,000 |
204,326 |
3.05%,
06/03/51
(a) |
250,000 |
173,768 |
Hospital
Special Surgery | ||
Series
2020
2.67%,
10/01/50
(a) |
150,000 |
92,410 |
IHC
Health Services, Inc. | ||
4.13%,
05/15/48
(a) |
150,000 |
124,344 |
Illumina,
Inc. | ||
2.55%,
03/23/31
(a) |
175,000 |
140,591 |
Indiana
University Health, Inc. Obligated Group | ||
3.97%,
11/01/48
(a) |
190,000 |
157,162 |
2.85%,
11/01/51
(a) |
50,000 |
31,877 |
Ingredion,
Inc. | ||
3.20%,
10/01/26
(a) |
150,000 |
140,748 |
2.90%,
06/01/30
(a) |
250,000 |
212,270 |
3.90%,
06/01/50
(a) |
100,000 |
72,960 |
Inova
Health System Foundation | ||
4.07%,
05/15/52
(a) |
150,000 |
124,840 |
Integris
Baptist Medical Center, Inc. | ||
3.88%,
08/15/50
(a) |
150,000 |
108,915 |
Iowa
Health System | ||
Series
2020
3.67%,
02/15/50
(a) |
100,000 |
73,058 |
JBS
USA LUX S.A. | ||
2.50%,
01/15/27
(a)(c) |
250,000 |
219,137 |
5.13%,
02/01/28
(a)(c) |
250,000 |
237,616 |
5.50%,
01/15/30
(a)(c) |
600,000 |
571,354 |
3.63%,
01/15/32
(a)(c) |
250,000 |
204,402 |
3.00%,
05/15/32
(a)(c) |
250,000 |
192,273 |
5.75%,
04/01/33
(a)(c) |
500,000 |
478,357 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.38%,
02/02/52
(a)(c) |
200,000 |
142,115 |
6.50%,
12/01/52
(a)(c) |
375,000 |
357,556 |
JM
Smucker Co. | ||
3.50%,
03/15/25
|
350,000 |
338,957 |
2.38%,
03/15/30
(a) |
250,000 |
207,419 |
2.13%,
03/15/32
(a) |
200,000 |
155,661 |
4.25%,
03/15/35
|
250,000 |
223,464 |
4.38%,
03/15/45
|
200,000 |
164,912 |
3.55%,
03/15/50
(a) |
100,000 |
69,141 |
Johnson
& Johnson | ||
2.63%,
01/15/25
(a) |
220,000 |
212,061 |
0.55%,
09/01/25
(a) |
350,000 |
316,326 |
2.45%,
03/01/26
(a) |
600,000 |
564,430 |
2.95%,
03/03/27
(a) |
300,000 |
283,782 |
0.95%,
09/01/27
(a) |
450,000 |
388,552 |
2.90%,
01/15/28
(a) |
350,000 |
326,468 |
6.95%,
09/01/29
|
100,000 |
118,408 |
1.30%,
09/01/30
(a) |
400,000 |
323,201 |
4.95%,
05/15/33
|
100,000 |
104,153 |
4.38%,
12/05/33
(a) |
250,000 |
246,726 |
3.55%,
03/01/36
(a) |
317,000 |
280,754 |
3.63%,
03/03/37
(a) |
550,000 |
489,455 |
3.40%,
01/15/38
(a) |
350,000 |
299,116 |
5.85%,
07/15/38
|
182,000 |
202,586 |
2.10%,
09/01/40
(a) |
400,000 |
275,071 |
4.50%,
09/01/40
|
50,000 |
47,876 |
4.85%,
05/15/41
|
150,000 |
148,254 |
4.50%,
12/05/43
(a) |
200,000 |
191,531 |
3.70%,
03/01/46
(a) |
575,000 |
484,627 |
3.75%,
03/03/47
(a) |
200,000 |
169,108 |
3.50%,
01/15/48
(a) |
50,000 |
40,988 |
2.25%,
09/01/50
(a) |
375,000 |
235,332 |
2.45%,
09/01/60
(a) |
350,000 |
215,442 |
Kaiser
Foundation Hospitals | ||
3.15%,
05/01/27
(a) |
250,000 |
233,884 |
2.81%,
06/01/41
(a) |
400,000 |
290,700 |
4.88%,
04/01/42
|
50,000 |
48,227 |
4.15%,
05/01/47
(a) |
275,000 |
234,465 |
3.27%,
11/01/49
(a) |
450,000 |
325,952 |
3.00%,
06/01/51
(a) |
450,000 |
307,902 |
Kellogg
Co. | ||
4.30%,
05/15/28
(a) |
350,000 |
340,818 |
2.10%,
06/01/30
(a) |
250,000 |
203,036 |
7.45%,
04/01/31
|
50,000 |
57,047 |
4.50%,
04/01/46
|
231,000 |
198,586 |
Keurig
Dr Pepper, Inc. | ||
4.42%,
05/25/25
(a) |
350,000 |
346,499 |
3.40%,
11/15/25
(a) |
200,000 |
192,345 |
2.55%,
09/15/26
(a) |
250,000 |
229,528 |
3.43%,
06/15/27
(a) |
200,000 |
186,986 |
4.60%,
05/25/28
(a) |
500,000 |
490,599 |
3.20%,
05/01/30
(a) |
300,000 |
261,704 |
2.25%,
03/15/31
(a) |
250,000 |
201,577 |
4.50%,
11/15/45
(a) |
250,000 |
213,063 |
4.42%,
12/15/46
(a) |
200,000 |
165,662 |
3.80%,
05/01/50
(a) |
250,000 |
188,470 |
4.50%,
04/15/52
(a) |
400,000 |
335,525 |
Kimberly-Clark
Corp. | ||
2.75%,
02/15/26
|
150,000 |
141,849 |
1.05%,
09/15/27
(a) |
200,000 |
171,053 |
3.95%,
11/01/28
(a) |
200,000 |
193,136 |
3.20%,
04/25/29
(a) |
300,000 |
273,874 |
3.10%,
03/26/30
(a) |
200,000 |
179,985 |
6.63%,
08/01/37
|
300,000 |
346,401 |
5.30%,
03/01/41
|
300,000 |
302,718 |
3.20%,
07/30/46
(a) |
100,000 |
72,337 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Koninklijke
Ahold Delhaize N.V. | ||
5.70%,
10/01/40
|
173,000 |
173,147 |
Koninklijke
Philips N.V. | ||
6.88%,
03/11/38
|
217,000 |
230,852 |
5.00%,
03/15/42
|
150,000 |
132,476 |
Kraft
Heinz Foods Co. | ||
3.00%,
06/01/26
(a) |
500,000 |
468,739 |
3.88%,
05/15/27
(a) |
400,000 |
382,562 |
4.63%,
01/30/29
(a) |
200,000 |
198,260 |
3.75%,
04/01/30
(a) |
250,000 |
228,493 |
6.75%,
03/15/32
|
100,000 |
108,972 |
5.00%,
07/15/35
(a) |
150,000 |
144,058 |
6.88%,
01/26/39
|
175,000 |
190,269 |
4.63%,
10/01/39
(a) |
125,000 |
109,967 |
6.50%,
02/09/40
|
200,000 |
212,049 |
5.00%,
06/04/42
|
450,000 |
407,627 |
5.20%,
07/15/45
(a) |
500,000 |
460,807 |
4.38%,
06/01/46
(a) |
800,000 |
653,940 |
4.88%,
10/01/49
(a) |
300,000 |
262,443 |
5.50%,
06/01/50
(a) |
250,000 |
240,162 |
Kroger
Co. | ||
4.00%,
02/01/24
(a) |
300,000 |
296,733 |
2.65%,
10/15/26
(a) |
200,000 |
183,897 |
4.50%,
01/15/29
(a) |
200,000 |
193,261 |
2.20%,
05/01/30
(a) |
250,000 |
202,766 |
1.70%,
01/15/31
(a) |
200,000 |
154,506 |
7.50%,
04/01/31
|
100,000 |
113,073 |
6.90%,
04/15/38
|
140,000 |
153,903 |
5.40%,
07/15/40
(a) |
50,000 |
47,837 |
5.00%,
04/15/42
(a) |
100,000 |
91,295 |
5.15%,
08/01/43
(a) |
67,000 |
62,093 |
3.88%,
10/15/46
(a) |
100,000 |
77,122 |
4.45%,
02/01/47
(a) |
300,000 |
253,503 |
4.65%,
01/15/48
(a) |
50,000 |
43,292 |
5.40%,
01/15/49
(a) |
200,000 |
191,538 |
3.95%,
01/15/50
(a) |
270,000 |
210,893 |
Laboratory
Corp. of America Holdings | ||
3.25%,
09/01/24
(a) |
200,000 |
193,977 |
2.30%,
12/01/24
(a) |
250,000 |
236,686 |
3.60%,
02/01/25
(a) |
150,000 |
145,284 |
3.60%,
09/01/27
(a) |
200,000 |
189,906 |
2.95%,
12/01/29
(a) |
100,000 |
86,156 |
2.70%,
06/01/31
(a) |
250,000 |
207,867 |
4.70%,
02/01/45
(a) |
250,000 |
215,763 |
Mass
General Brigham, Inc. | ||
3.77%,
07/01/48
(a) |
100,000 |
78,274 |
3.19%,
07/01/49
(a) |
125,000 |
87,535 |
4.12%,
07/01/55
|
100,000 |
79,948 |
3.34%,
07/01/60
(a) |
175,000 |
120,421 |
Mayo
Clinic | ||
3.77%,
11/15/43
|
100,000 |
82,314 |
4.13%,
11/15/52
|
150,000 |
126,763 |
3.20%,
11/15/61
(a) |
150,000 |
99,998 |
McCormick
& Co., Inc. | ||
3.15%,
08/15/24
(a) |
150,000 |
145,264 |
0.90%,
02/15/26
(a) |
150,000 |
131,993 |
3.40%,
08/15/27
(a) |
250,000 |
233,470 |
2.50%,
04/15/30
(a) |
200,000 |
167,199 |
4.20%,
08/15/47
(a) |
150,000 |
123,253 |
McKesson
Corp. | ||
3.80%,
03/15/24
(a) |
100,000 |
98,473 |
0.90%,
12/03/25
(a) |
250,000 |
222,510 |
3.95%,
02/16/28
(a) |
200,000 |
189,497 |
McLaren
Health Care Corp. | ||
Series
A
4.39%,
05/15/48
(a) |
150,000 |
126,312 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Mead
Johnson Nutrition Co. | ||
4.13%,
11/15/25
(a) |
200,000 |
196,125 |
5.90%,
11/01/39
|
125,000 |
130,404 |
4.60%,
06/01/44
(a) |
175,000 |
158,069 |
MedStar
Health, Inc. | ||
3.63%,
08/15/49
|
125,000 |
90,785 |
Medtronic,
Inc. | ||
4.38%,
03/15/35
|
550,000 |
522,323 |
4.63%,
03/15/45
|
550,000 |
513,139 |
Memorial
Health Services | ||
3.45%,
11/01/49
(a) |
100,000 |
72,291 |
Memorial
Sloan-Kettering Cancer Center | ||
5.00%,
07/01/42
|
30,000 |
29,375 |
2.96%,
01/01/50
(a) |
100,000 |
67,035 |
4.13%,
07/01/52
|
150,000 |
124,772 |
4.20%,
07/01/55
|
225,000 |
186,689 |
Merck
& Co., Inc. | ||
2.90%,
03/07/24
(a) |
250,000 |
244,382 |
2.75%,
02/10/25
(a) |
700,000 |
671,301 |
0.75%,
02/24/26
(a) |
300,000 |
266,093 |
1.70%,
06/10/27
(a) |
450,000 |
400,015 |
1.90%,
12/10/28
(a) |
300,000 |
258,448 |
3.40%,
03/07/29
(a) |
500,000 |
466,229 |
1.45%,
06/24/30
(a) |
250,000 |
199,886 |
2.15%,
12/10/31
(a) |
600,000 |
490,547 |
6.50%,
12/01/33
(f) |
250,000 |
283,190 |
3.90%,
03/07/39
(a) |
250,000 |
219,969 |
2.35%,
06/24/40
(a) |
300,000 |
209,746 |
3.60%,
09/15/42
(a) |
175,000 |
143,907 |
4.15%,
05/18/43
|
400,000 |
355,734 |
3.70%,
02/10/45
(a) |
500,000 |
411,714 |
4.00%,
03/07/49
(a) |
450,000 |
385,439 |
2.45%,
06/24/50
(a) |
400,000 |
256,212 |
2.75%,
12/10/51
(a) |
575,000 |
387,663 |
2.90%,
12/10/61
(a) |
450,000 |
290,251 |
Merck
Sharp & Dohme Corp. | ||
5.95%,
12/01/28
|
50,000 |
53,445 |
Methodist
Hospital | ||
2.71%,
12/01/50
(a) |
175,000 |
109,905 |
MidMichigan
Health | ||
3.41%,
06/01/50
(a) |
100,000 |
68,508 |
Molson
Coors Beverage Co. | ||
3.00%,
07/15/26
(a) |
590,000 |
548,624 |
5.00%,
05/01/42
|
350,000 |
311,009 |
4.20%,
07/15/46
(a) |
550,000 |
429,411 |
Mondelez
International, Inc. | ||
1.50%,
05/04/25
(a) |
250,000 |
231,875 |
2.63%,
03/17/27
(a) |
250,000 |
227,235 |
2.75%,
04/13/30
(a) |
325,000 |
280,496 |
1.50%,
02/04/31
(a) |
200,000 |
154,150 |
3.00%,
03/17/32
(a) |
250,000 |
213,527 |
1.88%,
10/15/32
(a) |
250,000 |
190,276 |
2.63%,
09/04/50
(a) |
250,000 |
158,179 |
Montefiore
Obligated Group | ||
5.25%,
11/01/48
|
125,000 |
94,690 |
4.29%,
09/01/50
|
100,000 |
60,300 |
Mount
Nittany Medical Center Obligated Group | ||
3.80%,
11/15/52
|
75,000 |
56,880 |
Mount
Sinai Hospitals Group, Inc. | ||
3.98%,
07/01/48
|
100,000 |
81,316 |
3.74%,
07/01/49
(a) |
150,000 |
112,174 |
3.39%,
07/01/50
(a) |
125,000 |
84,648 |
MultiCare
Health System | ||
2.80%,
08/15/50
(a) |
125,000 |
74,292 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Mylan,
Inc. | ||
4.55%,
04/15/28
(a) |
200,000 |
185,407 |
5.40%,
11/29/43
(a) |
150,000 |
119,594 |
5.20%,
04/15/48
(a) |
225,000 |
169,252 |
New
York and Presbyterian Hospital | ||
2.26%,
08/01/40
(a) |
150,000 |
99,264 |
4.02%,
08/01/45
|
100,000 |
83,534 |
4.06%,
08/01/56
|
100,000 |
80,946 |
2.61%,
08/01/60
(a) |
100,000 |
56,940 |
3.95%,
08/01/19
(a) |
175,000 |
122,408 |
Northwell
Healthcare, Inc. | ||
3.98%,
11/01/46
(a) |
150,000 |
115,295 |
4.26%,
11/01/47
(a) |
250,000 |
200,500 |
3.81%,
11/01/49
(a) |
150,000 |
107,685 |
Northwestern
Memorial Healthcare Obligated Group | ||
2.63%,
07/15/51
(a) |
125,000 |
79,690 |
Novant
Health, Inc. | ||
2.64%,
11/01/36
(a) |
200,000 |
148,255 |
3.17%,
11/01/51
(a) |
175,000 |
121,430 |
3.32%,
11/01/61
(a) |
125,000 |
84,084 |
Novartis
Capital Corp. | ||
3.40%,
05/06/24
|
350,000 |
343,135 |
1.75%,
02/14/25
(a) |
350,000 |
330,473 |
3.00%,
11/20/25
(a) |
450,000 |
431,999 |
2.00%,
02/14/27
(a) |
490,000 |
446,674 |
3.10%,
05/17/27
(a) |
250,000 |
237,329 |
2.20%,
08/14/30
(a) |
550,000 |
467,983 |
3.70%,
09/21/42
|
150,000 |
126,648 |
4.40%,
05/06/44
|
525,000 |
488,191 |
4.00%,
11/20/45
(a) |
375,000 |
331,358 |
2.75%,
08/14/50
(a) |
350,000 |
243,727 |
NYU
Langone Hospitals | ||
5.75%,
07/01/43
|
125,000 |
126,935 |
4.78%,
07/01/44
|
100,000 |
89,826 |
4.37%,
07/01/47
(a) |
155,000 |
128,906 |
3.38%,
07/01/55
(a) |
150,000 |
100,965 |
OhioHealth
Corp. | ||
2.30%,
11/15/31
(a) |
150,000 |
120,569 |
2.83%,
11/15/41
(a) |
50,000 |
35,606 |
3.04%,
11/15/50
(a) |
150,000 |
104,965 |
Orlando
Health Obligated Group | ||
4.09%,
10/01/48
(a) |
100,000 |
79,327 |
3.33%,
10/01/50
(a) |
100,000 |
69,642 |
PeaceHealth
Obligated Group | ||
1.38%,
11/15/25
(a) |
150,000 |
134,769 |
4.79%,
11/15/48
(a) |
75,000 |
62,321 |
3.22%,
11/15/50
(a) |
150,000 |
98,120 |
PepsiCo,
Inc. | ||
3.60%,
03/01/24
(a) |
250,000 |
247,061 |
2.25%,
03/19/25
(a) |
550,000 |
523,534 |
2.75%,
04/30/25
(a) |
300,000 |
287,420 |
3.50%,
07/17/25
(a) |
200,000 |
195,487 |
2.38%,
10/06/26
(a) |
300,000 |
279,749 |
2.63%,
03/19/27
(a) |
250,000 |
232,439 |
3.00%,
10/15/27
(a) |
500,000 |
470,041 |
3.60%,
02/18/28
(a) |
300,000 |
288,339 |
2.63%,
07/29/29
(a) |
400,000 |
353,777 |
2.75%,
03/19/30
(a) |
500,000 |
442,942 |
1.63%,
05/01/30
(a) |
225,000 |
183,752 |
1.40%,
02/25/31
(a) |
200,000 |
157,763 |
1.95%,
10/21/31
(a) |
400,000 |
323,219 |
3.50%,
03/19/40
(a) |
200,000 |
166,637 |
4.00%,
03/05/42
|
250,000 |
220,706 |
3.60%,
08/13/42
|
295,000 |
247,573 |
4.45%,
04/14/46
(a) |
450,000 |
429,595 |
3.45%,
10/06/46
(a) |
400,000 |
322,042 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
05/02/47
(a) |
150,000 |
131,337 |
3.38%,
07/29/49
(a) |
250,000 |
199,181 |
2.88%,
10/15/49
(a) |
250,000 |
179,881 |
3.63%,
03/19/50
(a) |
300,000 |
247,800 |
3.88%,
03/19/60
(a) |
250,000 |
216,487 |
PerkinElmer,
Inc. | ||
1.90%,
09/15/28
(a) |
250,000 |
207,571 |
3.30%,
09/15/29
(a) |
250,000 |
218,173 |
2.25%,
09/15/31
(a) |
150,000 |
117,688 |
3.63%,
03/15/51
(a) |
150,000 |
104,444 |
Pfizer,
Inc. | ||
2.95%,
03/15/24
(a) |
268,000 |
262,051 |
3.40%,
05/15/24
|
250,000 |
245,439 |
0.80%,
05/28/25
(a) |
350,000 |
320,456 |
2.75%,
06/03/26
|
400,000 |
377,537 |
3.00%,
12/15/26
|
550,000 |
521,782 |
3.60%,
09/15/28
(a) |
300,000 |
287,820 |
3.45%,
03/15/29
(a) |
500,000 |
471,628 |
2.63%,
04/01/30
(a) |
300,000 |
263,647 |
1.70%,
05/28/30
(a) |
250,000 |
205,956 |
1.75%,
08/18/31
(a) |
300,000 |
241,659 |
4.00%,
12/15/36
|
250,000 |
228,829 |
4.10%,
09/15/38
(a) |
200,000 |
181,673 |
3.90%,
03/15/39
(a) |
300,000 |
264,996 |
7.20%,
03/15/39
|
650,000 |
789,478 |
2.55%,
05/28/40
(a) |
300,000 |
218,057 |
5.60%,
09/15/40
|
200,000 |
210,055 |
4.30%,
06/15/43
|
150,000 |
137,944 |
4.40%,
05/15/44
|
350,000 |
325,846 |
4.13%,
12/15/46
|
200,000 |
177,320 |
4.20%,
09/15/48
(a) |
300,000 |
268,659 |
4.00%,
03/15/49
(a) |
250,000 |
217,129 |
2.70%,
05/28/50
(a) |
250,000 |
170,697 |
Pharmacia
LLC | ||
6.60%,
12/01/28
|
200,000 |
220,509 |
Philip
Morris International, Inc. | ||
2.88%,
05/01/24
(a) |
200,000 |
194,291 |
3.25%,
11/10/24
|
200,000 |
193,473 |
5.13%,
11/15/24
|
300,000 |
300,508 |
1.50%,
05/01/25
(a) |
200,000 |
185,156 |
3.38%,
08/11/25
(a) |
150,000 |
144,176 |
5.00%,
11/17/25
|
200,000 |
201,101 |
2.75%,
02/25/26
(a) |
330,000 |
310,015 |
0.88%,
05/01/26
(a) |
250,000 |
220,005 |
3.13%,
08/17/27
(a) |
50,000 |
46,424 |
5.13%,
11/17/27
(a) |
500,000 |
505,127 |
3.13%,
03/02/28
(a) |
250,000 |
227,769 |
3.38%,
08/15/29
(a) |
250,000 |
225,737 |
5.63%,
11/17/29
(a) |
100,000 |
101,920 |
2.10%,
05/01/30
(a) |
250,000 |
202,877 |
1.75%,
11/01/30
(a) |
250,000 |
196,071 |
5.75%,
11/17/32
(a) |
400,000 |
409,824 |
6.38%,
05/16/38
|
400,000 |
425,569 |
4.38%,
11/15/41
|
200,000 |
165,406 |
4.50%,
03/20/42
|
225,000 |
190,144 |
3.88%,
08/21/42
|
200,000 |
152,587 |
4.13%,
03/04/43
|
250,000 |
197,618 |
4.88%,
11/15/43
|
175,000 |
154,380 |
4.25%,
11/10/44
|
350,000 |
283,089 |
Piedmont
Healthcare, Inc. | ||
2.04%,
01/01/32
(a) |
150,000 |
115,783 |
Presbyterian
Healthcare Services | ||
4.88%,
08/01/52
(a) |
100,000 |
93,762 |
Procter
& Gamble Co. | ||
0.55%,
10/29/25
|
400,000 |
359,242 |
2.70%,
02/02/26
|
200,000 |
190,146 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.00%,
04/23/26
|
250,000 |
224,291 |
2.45%,
11/03/26
|
350,000 |
324,648 |
2.80%,
03/25/27
|
200,000 |
187,861 |
2.85%,
08/11/27
|
200,000 |
187,480 |
3.00%,
03/25/30
|
500,000 |
456,559 |
1.20%,
10/29/30
|
250,000 |
196,644 |
1.95%,
04/23/31
|
400,000 |
335,037 |
5.80%,
08/15/34
|
125,000 |
136,528 |
3.55%,
03/25/40
|
350,000 |
301,506 |
3.50%,
10/25/47
|
200,000 |
163,205 |
3.60%,
03/25/50
|
150,000 |
125,125 |
Providence
St Joseph Health Obligated Group | ||
2.53%,
10/01/29
(a) |
300,000 |
253,276 |
3.74%,
10/01/47
|
112,000 |
86,975 |
3.93%,
10/01/48
(a) |
100,000 |
78,785 |
2.70%,
10/01/51
(a) |
150,000 |
88,836 |
Queen's
Health Systems | ||
4.81%,
07/01/52
(a) |
100,000 |
93,013 |
Quest
Diagnostics, Inc. | ||
3.50%,
03/30/25
(a) |
300,000 |
289,575 |
3.45%,
06/01/26
(a) |
100,000 |
95,697 |
4.20%,
06/30/29
(a) |
100,000 |
95,720 |
2.95%,
06/30/30
(a) |
300,000 |
260,042 |
2.80%,
06/30/31
(a) |
150,000 |
125,923 |
4.70%,
03/30/45
(a) |
100,000 |
84,563 |
Regeneron
Pharmaceuticals, Inc. | ||
1.75%,
09/15/30
(a) |
400,000 |
310,306 |
2.80%,
09/15/50
(a) |
250,000 |
156,454 |
Reynolds
American, Inc. | ||
4.45%,
06/12/25
(a) |
750,000 |
734,563 |
5.70%,
08/15/35
(a) |
300,000 |
272,181 |
7.25%,
06/15/37
|
125,000 |
128,929 |
6.15%,
09/15/43
|
175,000 |
157,336 |
5.85%,
08/15/45
(a) |
475,000 |
407,329 |
Royalty
Pharma PLC | ||
1.20%,
09/02/25
(a) |
300,000 |
268,852 |
1.75%,
09/02/27
(a) |
300,000 |
255,014 |
2.20%,
09/02/30
(a) |
300,000 |
235,047 |
2.15%,
09/02/31
(a) |
200,000 |
151,395 |
3.30%,
09/02/40
(a) |
300,000 |
210,034 |
3.55%,
09/02/50
(a) |
150,000 |
96,913 |
3.35%,
09/02/51
(a) |
250,000 |
154,954 |
Rush
Obligated Group | ||
3.92%,
11/15/29
(a) |
150,000 |
136,052 |
RWJ
Barnabas Health, Inc. | ||
3.95%,
07/01/46
(a) |
175,000 |
142,179 |
3.48%,
07/01/49
(a) |
50,000 |
36,745 |
Sanofi | ||
3.63%,
06/19/28
(a) |
275,000 |
262,981 |
Seattle
Children's Hospital | ||
2.72%,
10/01/50
(a) |
75,000 |
47,593 |
Sharp
HealthCare | ||
2.68%,
08/01/50
(a) |
100,000 |
62,006 |
Shire
Acquisitions Investments Ireland DAC | ||
3.20%,
09/23/26
(a) |
900,000 |
846,765 |
Smith
& Nephew PLC | ||
2.03%,
10/14/30
(a) |
250,000 |
196,782 |
Spectrum
Health System Obligated Group | ||
3.49%,
07/15/49
(a) |
150,000 |
109,482 |
Stanford
Health Care | ||
3.80%,
11/15/48
(a) |
250,000 |
199,184 |
3.03%,
08/15/51
(a) |
100,000 |
67,290 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
STERIS
Irish FinCo Unlimited Co. | ||
2.70%,
03/15/31
(a) |
200,000 |
162,819 |
3.75%,
03/15/51
(a) |
150,000 |
107,623 |
Stryker
Corp. | ||
3.38%,
05/15/24
(a) |
150,000 |
146,501 |
1.15%,
06/15/25
(a) |
200,000 |
183,056 |
3.38%,
11/01/25
(a) |
200,000 |
193,529 |
3.50%,
03/15/26
(a) |
340,000 |
326,584 |
3.65%,
03/07/28
(a) |
150,000 |
142,708 |
1.95%,
06/15/30
(a) |
300,000 |
244,505 |
4.10%,
04/01/43
(a) |
100,000 |
82,194 |
4.38%,
05/15/44
(a) |
100,000 |
85,178 |
4.63%,
03/15/46
(a) |
300,000 |
266,774 |
2.90%,
06/15/50
(a) |
200,000 |
135,306 |
Summa
Health | ||
3.51%,
11/15/51
(a) |
100,000 |
66,760 |
Sutter
Health | ||
1.32%,
08/15/25
(a) |
250,000 |
227,452 |
2.29%,
08/15/30
(a) |
200,000 |
161,910 |
3.16%,
08/15/40
(a) |
100,000 |
74,884 |
4.09%,
08/15/48
(a) |
100,000 |
81,248 |
3.36%,
08/15/50
(a) |
200,000 |
140,199 |
Sysco
Corp. | ||
3.75%,
10/01/25
(a) |
300,000 |
290,657 |
3.30%,
07/15/26
(a) |
250,000 |
236,514 |
3.25%,
07/15/27
(a) |
200,000 |
185,321 |
2.40%,
02/15/30
(a) |
200,000 |
166,721 |
5.95%,
04/01/30
(a) |
200,000 |
207,741 |
2.45%,
12/14/31
(a) |
150,000 |
120,642 |
5.38%,
09/21/35
|
200,000 |
196,248 |
6.60%,
04/01/40
(a) |
100,000 |
107,190 |
4.85%,
10/01/45
(a) |
175,000 |
153,692 |
4.50%,
04/01/46
(a) |
150,000 |
126,077 |
4.45%,
03/15/48
(a) |
175,000 |
143,947 |
3.30%,
02/15/50
(a) |
150,000 |
103,447 |
6.60%,
04/01/50
(a) |
331,000 |
361,790 |
Takeda
Pharmaceutical Co., Ltd. | ||
5.00%,
11/26/28
(a) |
500,000 |
496,742 |
2.05%,
03/31/30
(a) |
550,000 |
449,803 |
3.03%,
07/09/40
(a) |
450,000 |
330,469 |
3.18%,
07/09/50
(a) |
400,000 |
273,973 |
3.38%,
07/09/60
(a) |
300,000 |
202,420 |
Texas
Health Resources | ||
2.33%,
11/15/50
(a) |
125,000 |
72,291 |
4.33%,
11/15/55
|
100,000 |
85,641 |
Thermo
Fisher Scientific, Inc. | ||
1.22%,
10/18/24
(a) |
750,000 |
704,107 |
1.75%,
10/15/28
(a) |
200,000 |
169,822 |
2.60%,
10/01/29
(a) |
260,000 |
229,501 |
2.00%,
10/15/31
(a) |
350,000 |
283,594 |
4.95%,
11/21/32
(a) |
200,000 |
203,775 |
2.80%,
10/15/41
(a) |
350,000 |
258,396 |
5.30%,
02/01/44
(a) |
98,000 |
98,729 |
4.10%,
08/15/47
(a) |
235,000 |
205,481 |
Toledo
Hospital | ||
5.75%,
11/15/38
(a) |
175,000 |
165,081 |
Trinity
Health Corp. | ||
4.13%,
12/01/45
|
225,000 |
189,458 |
3.43%,
12/01/48
|
100,000 |
76,206 |
Tyson
Foods, Inc. | ||
3.95%,
08/15/24
(a) |
250,000 |
246,314 |
4.00%,
03/01/26
(a) |
200,000 |
193,959 |
3.55%,
06/02/27
(a) |
350,000 |
328,391 |
4.35%,
03/01/29
(a) |
360,000 |
344,546 |
4.88%,
08/15/34
(a) |
250,000 |
240,156 |
5.15%,
08/15/44
(a) |
225,000 |
209,370 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.55%,
06/02/47
(a) |
350,000 |
300,912 |
5.10%,
09/28/48
(a) |
210,000 |
195,387 |
Unilever
Capital Corp. | ||
3.25%,
03/07/24
(a) |
200,000 |
196,473 |
2.60%,
05/05/24
(a) |
300,000 |
291,251 |
0.63%,
08/12/24
(a) |
100,000 |
93,661 |
3.10%,
07/30/25
|
200,000 |
192,567 |
2.00%,
07/28/26
|
350,000 |
319,884 |
2.90%,
05/05/27
(a) |
200,000 |
187,252 |
3.50%,
03/22/28
(a) |
350,000 |
330,427 |
2.13%,
09/06/29
(a) |
200,000 |
169,528 |
1.38%,
09/14/30
(a) |
150,000 |
117,343 |
1.75%,
08/12/31
(a) |
200,000 |
158,081 |
5.90%,
11/15/32
|
200,000 |
216,609 |
2.63%,
08/12/51
(a) |
200,000 |
130,323 |
Universal
Health Services, Inc. | ||
1.65%,
09/01/26
(a) |
200,000 |
171,681 |
2.65%,
10/15/30
(a) |
250,000 |
199,547 |
2.65%,
01/15/32
(a) |
150,000 |
114,929 |
UPMC | ||
3.60%,
04/03/25
|
100,000 |
96,658 |
Utah
Acquisition Sub, Inc. | ||
3.95%,
06/15/26
(a) |
600,000 |
561,186 |
5.25%,
06/15/46
(a) |
250,000 |
189,702 |
Viatris,
Inc. | ||
1.65%,
06/22/25
(a) |
250,000 |
226,597 |
2.30%,
06/22/27
(a) |
250,000 |
214,084 |
2.70%,
06/22/30
(a) |
400,000 |
314,029 |
3.85%,
06/22/40
(a) |
450,000 |
301,750 |
4.00%,
06/22/50
(a) |
550,000 |
341,893 |
West
Virginia United Health System Obligated Group | ||
3.13%,
06/01/50
(a) |
100,000 |
64,643 |
Whirlpool
Corp. | ||
4.00%,
03/01/24
|
100,000 |
98,625 |
3.70%,
05/01/25
|
100,000 |
97,316 |
4.75%,
02/26/29
(a) |
250,000 |
243,678 |
4.50%,
06/01/46
(a) |
200,000 |
157,571 |
4.60%,
05/15/50
(a) |
150,000 |
121,405 |
Willis-Knighton
Medical Center | ||
4.81%,
09/01/48
(a) |
100,000 |
89,289 |
3.07%,
03/01/51
(a) |
125,000 |
79,455 |
Wyeth
LLC | ||
6.50%,
02/01/34
|
200,000 |
227,014 |
6.00%,
02/15/36
|
250,000 |
267,958 |
5.95%,
04/01/37
|
550,000 |
594,635 |
Yale-New
Haven Health Services Corp. | ||
2.50%,
07/01/50
(a) |
150,000 |
89,102 |
Zimmer
Biomet Holdings, Inc. | ||
3.55%,
04/01/25
(a) |
350,000 |
338,036 |
3.05%,
01/15/26
(a) |
250,000 |
236,118 |
2.60%,
11/24/31
(a) |
250,000 |
202,588 |
4.45%,
08/15/45
(a) |
149,000 |
118,429 |
Zoetis,
Inc. | ||
3.00%,
09/12/27
(a) |
300,000 |
277,919 |
3.90%,
08/20/28
(a) |
320,000 |
304,821 |
2.00%,
05/15/30
(a) |
200,000 |
162,832 |
4.70%,
02/01/43
(a) |
350,000 |
316,993 |
4.45%,
08/20/48
(a) |
150,000 |
130,356 |
3.00%,
05/15/50
(a) |
200,000 |
135,732 |
|
|
240,831,865 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Energy
1.6%
| ||
Baker
Hughes a GE Co., LLC/Baker Hughes Co-Obligor,
Inc. | ||
3.34%,
12/15/27
(a) |
450,000 |
416,547 |
3.14%,
11/07/29
(a) |
250,000 |
220,859 |
4.49%,
05/01/30
(a) |
150,000 |
143,475 |
4.08%,
12/15/47
(a) |
500,000 |
393,282 |
Baker
Hughes Holdings LLC | ||
2.06%,
12/15/26
(a) |
100,000 |
89,780 |
5.13%,
09/15/40
|
150,000 |
139,600 |
Boardwalk
Pipelines LP | ||
4.95%,
12/15/24
(a) |
180,000 |
178,162 |
5.95%,
06/01/26
(a) |
150,000 |
152,410 |
4.45%,
07/15/27
(a) |
250,000 |
238,094 |
3.40%,
02/15/31
(a) |
350,000 |
294,022 |
BP
Capital Markets America, Inc. | ||
3.80%,
09/21/25
(a) |
300,000 |
294,775 |
3.41%,
02/11/26
(a) |
250,000 |
240,427 |
3.12%,
05/04/26
(a) |
300,000 |
284,843 |
3.02%,
01/16/27
(a) |
300,000 |
280,111 |
3.54%,
04/06/27
(a) |
150,000 |
142,818 |
3.59%,
04/14/27
(a) |
250,000 |
238,522 |
3.94%,
09/21/28
(a) |
350,000 |
335,017 |
4.23%,
11/06/28
(a) |
600,000 |
581,826 |
3.63%,
04/06/30
(a) |
200,000 |
183,789 |
1.75%,
08/10/30
(a) |
200,000 |
159,824 |
2.72%,
01/12/32
(a) |
550,000 |
460,896 |
3.06%,
06/17/41
(a) |
400,000 |
298,419 |
3.00%,
02/24/50
(a) |
575,000 |
389,978 |
2.77%,
11/10/50
(a) |
400,000 |
256,269 |
2.94%,
06/04/51
(a) |
750,000 |
496,016 |
3.00%,
03/17/52
(a) |
400,000 |
266,756 |
3.38%,
02/08/61
(a) |
400,000 |
276,387 |
BP
Capital Markets PLC | ||
3.28%,
09/19/27
(a) |
450,000 |
423,422 |
3.72%,
11/28/28
(a) |
250,000 |
237,128 |
Canadian
Natural Resources Ltd. | ||
3.80%,
04/15/24
(a) |
150,000 |
147,321 |
3.90%,
02/01/25
(a) |
100,000 |
97,374 |
2.05%,
07/15/25
(a) |
150,000 |
139,794 |
3.85%,
06/01/27
(a) |
200,000 |
188,935 |
2.95%,
07/15/30
(a) |
200,000 |
169,000 |
7.20%,
01/15/32
|
75,000 |
81,433 |
6.45%,
06/30/33
|
100,000 |
102,385 |
5.85%,
02/01/35
|
100,000 |
96,819 |
6.50%,
02/15/37
|
125,000 |
125,077 |
6.25%,
03/15/38
|
300,000 |
299,030 |
6.75%,
02/01/39
|
150,000 |
155,838 |
4.95%,
06/01/47
(a) |
250,000 |
219,206 |
Cenovus
Energy, Inc. | ||
5.25%,
06/15/37
(a) |
250,000 |
229,910 |
6.80%,
09/15/37
|
150,000 |
154,898 |
6.75%,
11/15/39
|
250,000 |
259,769 |
5.40%,
06/15/47
(a) |
325,000 |
294,403 |
Cheniere
Corpus Christi Holdings LLC | ||
5.88%,
03/31/25
(a) |
375,000 |
377,280 |
5.13%,
06/30/27
(a) |
500,000 |
495,191 |
3.70%,
11/15/29
(a) |
500,000 |
453,867 |
Cheniere
Energy Partners LP | ||
4.50%,
10/01/29
(a) |
350,000 |
315,737 |
4.00%,
03/01/31
(a) |
350,000 |
300,891 |
3.25%,
01/31/32
(a) |
250,000 |
200,156 |
Chevron
Corp. | ||
2.90%,
03/03/24
(a) |
300,000 |
293,509 |
1.55%,
05/11/25
(a) |
950,000 |
884,572 |
3.33%,
11/17/25
(a) |
50,000 |
48,415 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.95%,
05/16/26
(a) |
300,000 |
285,044 |
2.00%,
05/11/27
(a) |
100,000 |
89,958 |
2.24%,
05/11/30
(a) |
600,000 |
514,626 |
3.08%,
05/11/50
(a) |
300,000 |
218,158 |
Chevron
USA, Inc. | ||
3.90%,
11/15/24
(a) |
170,000 |
167,263 |
0.69%,
08/12/25
(a) |
250,000 |
226,352 |
1.02%,
08/12/27
(a) |
250,000 |
214,651 |
3.85%,
01/15/28
(a) |
250,000 |
241,728 |
3.25%,
10/15/29
(a) |
50,000 |
45,952 |
6.00%,
03/01/41
(a) |
150,000 |
165,312 |
5.25%,
11/15/43
(a) |
50,000 |
50,295 |
2.34%,
08/12/50
(a) |
200,000 |
125,419 |
Columbia
Pipeline Group, Inc. | ||
4.50%,
06/01/25
(a) |
383,000 |
377,995 |
5.80%,
06/01/45
(a) |
100,000 |
97,284 |
ConocoPhillips
Co. | ||
2.13%,
03/08/24
(a) |
400,000 |
387,636 |
2.40%,
03/07/25
(a) |
350,000 |
332,905 |
6.95%,
04/15/29
|
300,000 |
332,442 |
5.90%,
10/15/32
|
100,000 |
107,087 |
6.50%,
02/01/39
|
500,000 |
562,202 |
3.76%,
03/15/42
(a) |
400,000 |
334,919 |
4.30%,
11/15/44
(a) |
200,000 |
173,550 |
4.88%,
10/01/47
(a) |
150,000 |
139,161 |
3.80%,
03/15/52
(a) |
300,000 |
238,320 |
4.03%,
03/15/62
(a) |
767,000 |
612,216 |
Continental
Resources, Inc. | ||
3.80%,
06/01/24
(a) |
250,000 |
243,248 |
4.38%,
01/15/28
(a) |
300,000 |
273,460 |
4.90%,
06/01/44
(a) |
225,000 |
166,759 |
Coterra
Energy, Inc. | ||
3.90%,
05/15/27
(a) |
200,000 |
187,351 |
4.38%,
03/15/29
(a) |
150,000 |
141,374 |
DCP
Midstream Operating LP | ||
5.38%,
07/15/25
(a) |
250,000 |
247,828 |
5.63%,
07/15/27
(a) |
200,000 |
199,270 |
5.13%,
05/15/29
(a) |
200,000 |
193,352 |
8.13%,
08/16/30
|
150,000 |
168,161 |
3.25%,
02/15/32
(a) |
200,000 |
165,178 |
Devon
Energy Corp. | ||
5.25%,
09/15/24
(a)(c) |
125,000 |
125,179 |
5.85%,
12/15/25
(a) |
150,000 |
152,944 |
5.25%,
10/15/27
(a) |
150,000 |
149,378 |
5.88%,
06/15/28
(a)(c) |
100,000 |
101,524 |
4.50%,
01/15/30
(a) |
195,000 |
182,314 |
7.88%,
09/30/31
|
150,000 |
170,695 |
7.95%,
04/15/32
|
100,000 |
114,665 |
5.60%,
07/15/41
(a) |
350,000 |
327,844 |
4.75%,
05/15/42
(a) |
200,000 |
170,123 |
5.00%,
06/15/45
(a) |
250,000 |
215,814 |
Diamondback
Energy, Inc. | ||
3.25%,
12/01/26
(a) |
300,000 |
279,942 |
3.50%,
12/01/29
(a) |
400,000 |
351,871 |
3.13%,
03/24/31
(a) |
50,000 |
41,581 |
6.25%,
03/15/33
(a) |
300,000 |
305,138 |
4.40%,
03/24/51
(a) |
200,000 |
153,105 |
4.25%,
03/15/52
(a) |
150,000 |
111,315 |
6.25%,
03/15/53
(a) |
200,000 |
194,282 |
Eastern
Energy Gas Holdings LLC | ||
2.50%,
11/15/24
(a) |
150,000 |
143,164 |
3.60%,
12/15/24
(a) |
17,000 |
16,524 |
Eastern
Gas Transmission & Storage, Inc. | ||
3.00%,
11/15/29
(a) |
250,000 |
217,141 |
4.80%,
11/01/43
(a)(c) |
125,000 |
108,431 |
4.60%,
12/15/44
(a) |
150,000 |
123,944 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Enable
Midstream Partners LP | ||
4.95%,
05/15/28
(a) |
250,000 |
240,542 |
4.15%,
09/15/29
(a) |
200,000 |
180,849 |
5.00%,
05/15/44
(a) |
75,000 |
61,497 |
Enbridge
Energy Partners LP | ||
5.88%,
10/15/25
(a) |
150,000 |
152,613 |
7.50%,
04/15/38
|
100,000 |
110,329 |
5.50%,
09/15/40
(a) |
200,000 |
187,856 |
7.38%,
10/15/45
(a) |
150,000 |
168,351 |
Enbridge,
Inc. | ||
1.60%,
10/04/26
(a) |
150,000 |
131,551 |
4.25%,
12/01/26
(a) |
600,000 |
578,146 |
3.70%,
07/15/27
(a) |
325,000 |
305,008 |
3.13%,
11/15/29
(a) |
350,000 |
305,835 |
2.50%,
08/01/33
(a) |
425,000 |
328,098 |
4.50%,
06/10/44
(a) |
150,000 |
124,644 |
5.50%,
12/01/46
(a) |
150,000 |
141,837 |
4.00%,
11/15/49
(a) |
300,000 |
229,704 |
Energy
Transfer LP | ||
5.88%,
01/15/24
(a) |
350,000 |
351,006 |
4.90%,
02/01/24
(a) |
100,000 |
99,253 |
4.25%,
04/01/24
(a) |
100,000 |
98,320 |
4.50%,
04/15/24
(a) |
200,000 |
197,322 |
3.90%,
05/15/24
(a) |
100,000 |
97,593 |
4.40%,
03/15/27
(a) |
300,000 |
285,754 |
4.00%,
10/01/27
(a) |
200,000 |
187,381 |
5.55%,
02/15/28
(a) |
250,000 |
247,889 |
4.95%,
06/15/28
(a) |
350,000 |
338,913 |
5.25%,
04/15/29
(a) |
300,000 |
291,061 |
3.75%,
05/15/30
(a) |
500,000 |
441,420 |
5.75%,
02/15/33
(a) |
425,000 |
417,262 |
Energy
Transfer Operating LP | ||
4.05%,
03/15/25
(a) |
200,000 |
193,932 |
2.90%,
05/15/25
(a) |
300,000 |
282,909 |
4.75%,
01/15/26
(a) |
350,000 |
341,922 |
4.20%,
04/15/27
(a) |
250,000 |
236,374 |
5.50%,
06/01/27
(a) |
350,000 |
348,149 |
4.90%,
03/15/35
(a) |
150,000 |
133,910 |
6.63%,
10/15/36
|
125,000 |
126,223 |
7.50%,
07/01/38
|
100,000 |
106,968 |
6.05%,
06/01/41
(a) |
200,000 |
189,880 |
6.50%,
02/01/42
(a) |
250,000 |
247,932 |
5.15%,
02/01/43
(a) |
150,000 |
125,291 |
5.95%,
10/01/43
(a) |
148,000 |
136,957 |
5.15%,
03/15/45
(a) |
300,000 |
250,056 |
6.13%,
12/15/45
(a) |
300,000 |
278,963 |
5.30%,
04/15/47
(a) |
250,000 |
209,647 |
6.00%,
06/15/48
(a) |
300,000 |
271,421 |
6.25%,
04/15/49
(a) |
500,000 |
466,966 |
5.00%,
05/15/50
(a) |
550,000 |
444,208 |
Eni
USA, Inc. | ||
7.30%,
11/15/27
|
150,000 |
159,943 |
Enterprise
Products Operating LLC | ||
3.90%,
02/15/24
(a) |
300,000 |
295,644 |
3.75%,
02/15/25
(a) |
400,000 |
389,274 |
3.70%,
02/15/26
(a) |
150,000 |
144,720 |
3.95%,
02/15/27
(a) |
25,000 |
24,012 |
4.15%,
10/16/28
(a) |
300,000 |
284,391 |
3.13%,
07/31/29
(a) |
450,000 |
396,704 |
2.80%,
01/31/30
(a) |
400,000 |
341,156 |
6.65%,
10/15/34
|
200,000 |
211,782 |
7.55%,
04/15/38
|
100,000 |
112,156 |
6.13%,
10/15/39
|
225,000 |
232,206 |
6.45%,
09/01/40
|
120,000 |
125,847 |
5.95%,
02/01/41
|
200,000 |
200,388 |
5.70%,
02/15/42
|
150,000 |
145,881 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.85%,
08/15/42
(a) |
200,000 |
177,763 |
4.45%,
02/15/43
(a) |
300,000 |
252,872 |
4.85%,
03/15/44
(a) |
400,000 |
352,454 |
5.10%,
02/15/45
(a) |
350,000 |
316,249 |
4.90%,
05/15/46
(a) |
250,000 |
219,869 |
4.25%,
02/15/48
(a) |
350,000 |
282,276 |
4.80%,
02/01/49
(a) |
350,000 |
302,308 |
4.20%,
01/31/50
(a) |
350,000 |
276,609 |
3.70%,
01/31/51
(a) |
325,000 |
236,705 |
3.20%,
02/15/52
(a) |
350,000 |
231,323 |
4.95%,
10/15/54
(a) |
125,000 |
106,555 |
3.95%,
01/31/60
(a) |
325,000 |
236,035 |
5.25%,
08/16/77
(a)(b) |
300,000 |
246,018 |
5.38%,
02/15/78
(a)(b) |
210,000 |
163,437 |
EOG
Resources, Inc. | ||
3.15%,
04/01/25
(a) |
250,000 |
241,545 |
4.15%,
01/15/26
(a) |
50,000 |
49,097 |
4.38%,
04/15/30
(a) |
300,000 |
290,900 |
3.90%,
04/01/35
(a) |
165,000 |
147,275 |
4.95%,
04/15/50
(a) |
200,000 |
191,698 |
EQT
Corp. | ||
6.13%,
02/01/25
(a)(f) |
300,000 |
301,112 |
3.90%,
10/01/27
(a) |
400,000 |
370,057 |
5.70%,
04/01/28
(a) |
200,000 |
199,150 |
7.50%,
02/01/30
(a)(f) |
200,000 |
207,569 |
Exxon
Mobil Corp. | ||
3.18%,
03/15/24
(a) |
250,000 |
245,294 |
2.02%,
08/16/24
(a) |
325,000 |
311,580 |
2.71%,
03/06/25
(a) |
500,000 |
478,538 |
2.99%,
03/19/25
(a) |
800,000 |
771,505 |
3.04%,
03/01/26
(a) |
500,000 |
477,786 |
2.28%,
08/16/26
(a) |
300,000 |
278,030 |
3.29%,
03/19/27
(a) |
300,000 |
288,396 |
2.44%,
08/16/29
(a) |
250,000 |
219,123 |
3.48%,
03/19/30
(a) |
650,000 |
606,623 |
2.61%,
10/15/30
(a) |
600,000 |
524,702 |
3.00%,
08/16/39
(a) |
250,000 |
192,553 |
4.23%,
03/19/40
(a) |
550,000 |
495,855 |
3.57%,
03/06/45
(a) |
300,000 |
236,530 |
4.11%,
03/01/46
(a) |
750,000 |
641,241 |
3.10%,
08/16/49
(a) |
450,000 |
323,835 |
4.33%,
03/19/50
(a) |
775,000 |
685,225 |
3.45%,
04/15/51
(a) |
650,000 |
492,393 |
Halliburton
Co. | ||
3.80%,
11/15/25
(a) |
134,000 |
130,500 |
2.92%,
03/01/30
(a) |
300,000 |
258,135 |
4.85%,
11/15/35
(a) |
300,000 |
278,422 |
6.70%,
09/15/38
|
250,000 |
266,278 |
7.45%,
09/15/39
|
300,000 |
340,336 |
4.75%,
08/01/43
(a) |
200,000 |
171,562 |
5.00%,
11/15/45
(a) |
600,000 |
533,329 |
Helmerich
and Payne, Inc. | ||
2.90%,
09/29/31
(a) |
200,000 |
162,462 |
Hess
Corp. | ||
3.50%,
07/15/24
(a) |
100,000 |
97,139 |
4.30%,
04/01/27
(a) |
200,000 |
191,565 |
7.88%,
10/01/29
|
150,000 |
167,405 |
7.30%,
08/15/31
|
163,000 |
177,796 |
7.13%,
03/15/33
|
150,000 |
162,322 |
6.00%,
01/15/40
|
200,000 |
197,659 |
5.60%,
02/15/41
|
375,000 |
355,128 |
5.80%,
04/01/47
(a) |
150,000 |
144,108 |
HF
Sinclair Corp. | ||
5.88%,
04/01/26
(a) |
260,000 |
261,207 |
4.50%,
10/01/30
(a) |
125,000 |
109,919 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Kinder
Morgan Energy Partners LP | ||
4.15%,
02/01/24
(a) |
200,000 |
197,514 |
4.30%,
05/01/24
(a) |
350,000 |
345,833 |
7.40%,
03/15/31
|
300,000 |
328,401 |
7.75%,
03/15/32
|
50,000 |
55,621 |
5.80%,
03/15/35
|
300,000 |
294,848 |
6.50%,
02/01/37
|
200,000 |
203,032 |
6.95%,
01/15/38
|
350,000 |
372,116 |
6.50%,
09/01/39
|
350,000 |
357,993 |
6.55%,
09/15/40
|
100,000 |
101,175 |
7.50%,
11/15/40
|
150,000 |
165,566 |
6.38%,
03/01/41
|
250,000 |
249,230 |
5.63%,
09/01/41
|
150,000 |
137,229 |
5.00%,
08/15/42
(a) |
300,000 |
258,471 |
4.70%,
11/01/42
(a) |
100,000 |
83,031 |
5.00%,
03/01/43
(a) |
300,000 |
257,701 |
5.50%,
03/01/44
(a) |
100,000 |
90,990 |
5.40%,
09/01/44
(a) |
250,000 |
225,051 |
Kinder
Morgan, Inc. | ||
4.30%,
06/01/25
(a) |
500,000 |
491,131 |
4.30%,
03/01/28
(a) |
390,000 |
374,344 |
2.00%,
02/15/31
(a) |
350,000 |
272,051 |
7.80%,
08/01/31
|
200,000 |
223,724 |
7.75%,
01/15/32
|
250,000 |
281,832 |
5.55%,
06/01/45
(a) |
500,000 |
457,994 |
5.05%,
02/15/46
(a) |
150,000 |
128,270 |
5.20%,
03/01/48
(a) |
246,000 |
215,415 |
3.25%,
08/01/50
(a) |
275,000 |
178,749 |
Magellan
Midstream Partners LP | ||
3.25%,
06/01/30
(a) |
250,000 |
218,629 |
5.15%,
10/15/43
(a) |
200,000 |
175,017 |
4.25%,
09/15/46
(a) |
150,000 |
113,539 |
4.20%,
10/03/47
(a) |
150,000 |
113,888 |
4.85%,
02/01/49
(a) |
99,000 |
82,710 |
3.95%,
03/01/50
(a) |
250,000 |
184,672 |
Marathon
Oil Corp. | ||
4.40%,
07/15/27
(a) |
300,000 |
286,824 |
6.80%,
03/15/32
|
88,000 |
90,802 |
6.60%,
10/01/37
|
250,000 |
249,763 |
5.20%,
06/01/45
(a) |
150,000 |
128,597 |
Marathon
Petroleum Corp. | ||
3.63%,
09/15/24
(a) |
200,000 |
194,799 |
4.70%,
05/01/25
(a) |
300,000 |
295,728 |
5.13%,
12/15/26
(a) |
200,000 |
199,623 |
3.80%,
04/01/28
(a) |
150,000 |
138,943 |
6.50%,
03/01/41
(a) |
350,000 |
362,135 |
4.75%,
09/15/44
(a) |
250,000 |
209,835 |
4.50%,
04/01/48
(a) |
100,000 |
80,069 |
5.00%,
09/15/54
(a) |
125,000 |
105,980 |
MPLX
LP | ||
4.88%,
12/01/24
(a) |
475,000 |
471,180 |
4.00%,
02/15/25
(a) |
150,000 |
145,546 |
4.88%,
06/01/25
(a) |
350,000 |
346,223 |
1.75%,
03/01/26
(a) |
450,000 |
401,866 |
4.13%,
03/01/27
(a) |
400,000 |
379,000 |
4.25%,
12/01/27
(a) |
246,000 |
232,741 |
4.00%,
03/15/28
(a) |
275,000 |
256,651 |
4.80%,
02/15/29
(a) |
250,000 |
239,591 |
2.65%,
08/15/30
(a) |
500,000 |
406,458 |
4.50%,
04/15/38
(a) |
500,000 |
421,430 |
5.20%,
03/01/47
(a) |
300,000 |
255,826 |
5.20%,
12/01/47
(a) |
150,000 |
128,890 |
4.70%,
04/15/48
(a) |
400,000 |
319,324 |
5.50%,
02/15/49
(a) |
425,000 |
377,069 |
4.95%,
03/14/52
(a) |
400,000 |
328,517 |
4.90%,
04/15/58
(a) |
200,000 |
157,623 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
National
Fuel Gas Co. | ||
5.20%,
07/15/25
(a) |
150,000 |
149,561 |
5.50%,
01/15/26
(a) |
150,000 |
149,830 |
3.95%,
09/15/27
(a) |
150,000 |
139,363 |
4.75%,
09/01/28
(a) |
200,000 |
190,320 |
2.95%,
03/01/31
(a) |
50,000 |
39,418 |
Northwest
Pipeline LLC | ||
4.00%,
04/01/27
(a) |
250,000 |
237,954 |
NOV,
Inc. | ||
3.60%,
12/01/29
(a) |
150,000 |
132,220 |
3.95%,
12/01/42
(a) |
300,000 |
210,055 |
ONEOK
Partners LP | ||
4.90%,
03/15/25
(a) |
150,000 |
148,102 |
6.65%,
10/01/36
|
150,000 |
151,058 |
6.85%,
10/15/37
|
225,000 |
228,947 |
6.13%,
02/01/41
(a) |
50,000 |
47,666 |
6.20%,
09/15/43
(a) |
150,000 |
143,353 |
ONEOK,
Inc. | ||
2.75%,
09/01/24
(a) |
150,000 |
143,856 |
2.20%,
09/15/25
(a) |
150,000 |
137,940 |
5.85%,
01/15/26
(a) |
200,000 |
203,090 |
4.00%,
07/13/27
(a) |
200,000 |
188,602 |
4.55%,
07/15/28
(a) |
275,000 |
260,459 |
4.35%,
03/15/29
(a) |
300,000 |
278,790 |
3.40%,
09/01/29
(a) |
250,000 |
216,496 |
3.10%,
03/15/30
(a) |
200,000 |
168,210 |
6.35%,
01/15/31
(a) |
200,000 |
204,478 |
6.00%,
06/15/35
|
100,000 |
97,321 |
4.95%,
07/13/47
(a) |
225,000 |
183,484 |
5.20%,
07/15/48
(a) |
300,000 |
252,145 |
4.45%,
09/01/49
(a) |
200,000 |
150,619 |
4.50%,
03/15/50
(a) |
50,000 |
37,626 |
7.15%,
01/15/51
(a) |
100,000 |
103,083 |
Ovintiv
Exploration, Inc. | ||
5.38%,
01/01/26
(a) |
300,000 |
297,772 |
Ovintiv,
Inc. | ||
7.20%,
11/01/31
|
100,000 |
105,576 |
7.38%,
11/01/31
|
200,000 |
215,193 |
6.50%,
08/15/34
|
100,000 |
101,564 |
6.63%,
08/15/37
|
100,000 |
101,092 |
6.50%,
02/01/38
|
200,000 |
199,087 |
Phillips
66 | ||
0.90%,
02/15/24
(a) |
50,000 |
47,864 |
3.85%,
04/09/25
(a) |
200,000 |
195,091 |
1.30%,
02/15/26
(a) |
200,000 |
179,117 |
3.90%,
03/15/28
(a) |
300,000 |
283,961 |
2.15%,
12/15/30
(a) |
250,000 |
200,331 |
4.65%,
11/15/34
(a) |
300,000 |
280,564 |
5.88%,
05/01/42
|
400,000 |
411,842 |
4.88%,
11/15/44
(a) |
425,000 |
390,439 |
3.30%,
03/15/52
(a) |
325,000 |
225,797 |
Phillips
66 Partners LP | ||
3.61%,
02/15/25
(a)(c) |
200,000 |
193,849 |
3.75%,
03/01/28
(a) |
175,000 |
161,739 |
3.15%,
12/15/29
(a)(c) |
150,000 |
131,295 |
4.68%,
02/15/45
(a)(c) |
200,000 |
174,546 |
4.90%,
10/01/46
(a)(c) |
175,000 |
155,754 |
Pioneer
Natural Resources Co. | ||
1.13%,
01/15/26
(a) |
300,000 |
267,655 |
1.90%,
08/15/30
(a) |
300,000 |
236,038 |
2.15%,
01/15/31
(a) |
250,000 |
198,527 |
Plains
All American Pipeline LP | ||
6.65%,
01/15/37
|
250,000 |
247,283 |
4.30%,
01/31/43
(a) |
150,000 |
108,643 |
4.90%,
02/15/45
(a) |
200,000 |
156,075 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
4.65%,
10/15/25
(a) |
300,000 |
294,059 |
4.50%,
12/15/26
(a) |
260,000 |
250,193 |
3.55%,
12/15/29
(a) |
150,000 |
130,486 |
3.80%,
09/15/30
(a) |
200,000 |
174,331 |
5.15%,
06/01/42
(a) |
150,000 |
122,312 |
4.70%,
06/15/44
(a) |
100,000 |
75,980 |
Sabine
Pass Liquefaction LLC | ||
5.63%,
03/01/25
(a) |
750,000 |
752,551 |
5.88%,
06/30/26
(a) |
500,000 |
506,547 |
5.00%,
03/15/27
(a) |
400,000 |
392,909 |
4.20%,
03/15/28
(a) |
450,000 |
423,631 |
4.50%,
05/15/30
(a) |
525,000 |
488,365 |
5.90%,
09/15/37
(a)(c) |
150,000 |
149,959 |
Schlumberger
Finance Canada Ltd. | ||
1.40%,
09/17/25
(a) |
200,000 |
183,591 |
Schlumberger
Investment S.A. | ||
2.65%,
06/26/30
(a) |
225,000 |
193,322 |
Shell
International Finance BV | ||
2.00%,
11/07/24
(a) |
300,000 |
285,477 |
3.25%,
05/11/25
|
900,000 |
872,982 |
2.88%,
05/10/26
|
500,000 |
471,548 |
2.50%,
09/12/26
|
200,000 |
185,814 |
3.88%,
11/13/28
(a) |
600,000 |
578,314 |
2.38%,
11/07/29
(a) |
475,000 |
411,359 |
2.75%,
04/06/30
(a) |
500,000 |
440,080 |
4.13%,
05/11/35
|
500,000 |
463,525 |
6.38%,
12/15/38
|
950,000 |
1,050,180 |
3.63%,
08/21/42
|
150,000 |
121,159 |
4.55%,
08/12/43
|
375,000 |
339,695 |
4.38%,
05/11/45
|
400,000 |
351,387 |
4.00%,
05/10/46
|
725,000 |
599,165 |
3.75%,
09/12/46
|
400,000 |
316,883 |
3.13%,
11/07/49
(a) |
500,000 |
354,043 |
3.25%,
04/06/50
(a) |
600,000 |
436,207 |
3.00%,
11/26/51
(a) |
200,000 |
136,447 |
Spectra
Energy Partners LP | ||
4.75%,
03/15/24
(a) |
300,000 |
298,155 |
3.50%,
03/15/25
(a) |
200,000 |
192,570 |
5.95%,
09/25/43
(a) |
200,000 |
194,515 |
4.50%,
03/15/45
(a) |
100,000 |
82,575 |
Suncor
Energy, Inc. | ||
5.95%,
12/01/34
|
150,000 |
149,785 |
5.95%,
05/15/35
|
200,000 |
195,626 |
6.80%,
05/15/38
|
300,000 |
315,585 |
6.50%,
06/15/38
|
375,000 |
386,110 |
6.85%,
06/01/39
|
150,000 |
158,320 |
4.00%,
11/15/47
(a) |
150,000 |
114,276 |
3.75%,
03/04/51
(a) |
200,000 |
145,193 |
Sunoco
Logistics Partners Operations LP | ||
5.95%,
12/01/25
(a) |
125,000 |
126,940 |
6.10%,
02/15/42
|
200,000 |
185,160 |
4.95%,
01/15/43
(a) |
150,000 |
121,956 |
5.30%,
04/01/44
(a) |
250,000 |
212,417 |
5.35%,
05/15/45
(a) |
100,000 |
85,433 |
5.40%,
10/01/47
(a) |
400,000 |
340,557 |
Targa
Resources Corp. | ||
5.20%,
07/01/27
(a) |
225,000 |
221,242 |
4.20%,
02/01/33
(a) |
200,000 |
172,385 |
4.95%,
04/15/52
(a) |
200,000 |
159,550 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
6.50%,
07/15/27
(a) |
450,000 |
454,982 |
5.50%,
03/01/30
(a) |
200,000 |
188,856 |
4.88%,
02/01/31
(a) |
350,000 |
316,550 |
4.00%,
01/15/32
(a) |
400,000 |
336,662 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
TC
PipeLines LP | ||
4.38%,
03/13/25
(a) |
200,000 |
196,376 |
3.90%,
05/25/27
(a) |
100,000 |
94,664 |
Tennessee
Gas Pipeline Co. LLC | ||
7.00%,
03/15/27
|
100,000 |
106,204 |
Tosco
Corp. | ||
8.13%,
02/15/30
|
100,000 |
117,254 |
TotalEnergies
Capital International S.A. | ||
3.70%,
01/15/24
|
200,000 |
197,411 |
3.75%,
04/10/24
|
400,000 |
395,136 |
2.43%,
01/10/25
(a) |
200,000 |
191,089 |
3.46%,
02/19/29
(a) |
356,000 |
330,987 |
2.83%,
01/10/30
(a) |
375,000 |
331,855 |
2.99%,
06/29/41
(a) |
275,000 |
205,602 |
3.46%,
07/12/49
(a) |
300,000 |
226,124 |
3.13%,
05/29/50
(a) |
700,000 |
497,762 |
3.39%,
06/29/60
(a) |
250,000 |
176,042 |
TotalEnergies
Capital S.A. | ||
3.88%,
10/11/28
|
275,000 |
266,233 |
TransCanada
PipeLines Ltd. | ||
1.00%,
10/12/24
(a) |
150,000 |
139,016 |
4.88%,
01/15/26
(a) |
350,000 |
348,682 |
4.25%,
05/15/28
(a) |
575,000 |
546,594 |
4.10%,
04/15/30
(a) |
150,000 |
137,628 |
2.50%,
10/12/31
(a) |
150,000 |
119,499 |
4.63%,
03/01/34
(a) |
400,000 |
365,985 |
6.20%,
10/15/37
|
300,000 |
306,779 |
4.75%,
05/15/38
(a) |
200,000 |
178,335 |
7.25%,
08/15/38
|
125,000 |
139,100 |
7.63%,
01/15/39
|
400,000 |
459,159 |
6.10%,
06/01/40
|
250,000 |
251,952 |
5.00%,
10/16/43
(a) |
200,000 |
178,027 |
4.88%,
05/15/48
(a) |
350,000 |
307,291 |
5.10%,
03/15/49
(a) |
300,000 |
273,923 |
Transcontinental
Gas Pipe Line Co. LLC | ||
7.85%,
02/01/26
(a) |
250,000 |
266,996 |
4.00%,
03/15/28
(a) |
150,000 |
141,272 |
3.25%,
05/15/30
(a) |
250,000 |
217,614 |
5.40%,
08/15/41
(a) |
125,000 |
119,135 |
4.45%,
08/01/42
(a) |
100,000 |
84,811 |
4.60%,
03/15/48
(a) |
200,000 |
167,642 |
Valero
Energy Corp. | ||
2.15%,
09/15/27
(a) |
200,000 |
175,831 |
4.35%,
06/01/28
(a) |
250,000 |
241,707 |
4.00%,
04/01/29
(a) |
250,000 |
235,753 |
7.50%,
04/15/32
|
150,000 |
169,210 |
6.63%,
06/15/37
|
450,000 |
481,495 |
4.90%,
03/15/45
(d) |
250,000 |
223,606 |
3.65%,
12/01/51
(a) |
200,000 |
141,999 |
4.00%,
06/01/52
(a) |
150,000 |
113,228 |
Valero
Energy Partners LP | ||
4.50%,
03/15/28
(a) |
200,000 |
194,436 |
Williams
Cos., Inc. | ||
4.30%,
03/04/24
(a) |
250,000 |
246,939 |
4.55%,
06/24/24
(a) |
350,000 |
346,314 |
3.90%,
01/15/25
(a) |
237,000 |
231,107 |
4.00%,
09/15/25
(a) |
250,000 |
243,121 |
3.75%,
06/15/27
(a) |
500,000 |
471,551 |
3.50%,
11/15/30
(a) |
350,000 |
307,217 |
7.50%,
01/15/31
|
50,000 |
55,077 |
8.75%,
03/15/32
|
250,000 |
298,353 |
6.30%,
04/15/40
|
400,000 |
410,645 |
5.80%,
11/15/43
(a) |
150,000 |
143,371 |
5.75%,
06/24/44
(a) |
200,000 |
191,457 |
4.90%,
01/15/45
(a) |
225,000 |
192,253 |
5.10%,
09/15/45
(a) |
350,000 |
306,983 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.85%,
03/01/48
(a) |
300,000 |
255,952 |
3.50%,
10/15/51
(a) |
250,000 |
171,776 |
5.30%,
08/15/52
(a) |
225,000 |
203,056 |
|
|
111,606,898 |
Industrial
Other 0.1%
| ||
Boston
University | ||
4.06%,
10/01/48
(a) |
180,000 |
149,018 |
California
Institute of Technology | ||
4.32%,
08/01/45
|
100,000 |
87,637 |
4.70%,
11/01/11
|
100,000 |
83,895 |
3.65%,
09/01/19
(a) |
200,000 |
129,255 |
Cintas
Corp. No. 2 | ||
3.70%,
04/01/27
(a) |
300,000 |
289,397 |
Duke
University | ||
2.68%,
10/01/44
|
200,000 |
145,355 |
2.76%,
10/01/50
|
100,000 |
67,651 |
2.83%,
10/01/55
|
200,000 |
135,932 |
Emory
University | ||
2.14%,
09/01/30
(a) |
200,000 |
165,450 |
2.97%,
09/01/50
(a) |
150,000 |
101,168 |
George
Washington University | ||
4.30%,
09/15/44
|
125,000 |
106,142 |
4.87%,
09/15/45
|
150,000 |
138,540 |
4.13%,
09/15/48
(a) |
200,000 |
167,492 |
Georgetown
University | ||
4.32%,
04/01/49
(a) |
101,000 |
84,369 |
2.94%,
04/01/50
|
125,000 |
80,980 |
5.22%,
10/01/18
(a) |
100,000 |
87,972 |
Howard
University | ||
5.21%,
10/01/52
(a) |
50,000 |
39,459 |
Johns
Hopkins University | ||
4.08%,
07/01/53
|
200,000 |
168,717 |
2.81%,
01/01/60
(a) |
150,000 |
94,526 |
Leland
Stanford Junior University | ||
3.65%,
05/01/48
(a) |
200,000 |
167,439 |
2.41%,
06/01/50
(a) |
250,000 |
159,806 |
Massachusetts
Institute of Technology | ||
3.96%,
07/01/38
|
50,000 |
45,476 |
2.99%,
07/01/50
(a) |
200,000 |
146,854 |
2.29%,
07/01/51
(a) |
150,000 |
92,988 |
5.60%,
07/01/11
|
240,000 |
252,985 |
4.68%,
07/01/14
|
150,000 |
130,945 |
3.89%,
07/01/16
|
150,000 |
108,961 |
Northeastern
University | ||
2.89%,
10/01/50
|
100,000 |
66,111 |
Northwestern
University | ||
4.64%,
12/01/44
|
200,000 |
191,895 |
2.64%,
12/01/50
(a) |
100,000 |
65,952 |
3.66%,
12/01/57
(a) |
100,000 |
77,579 |
President
and Fellows of Harvard College | ||
4.88%,
10/15/40
|
50,000 |
49,819 |
3.15%,
07/15/46
(a) |
207,000 |
158,961 |
2.52%,
10/15/50
(a) |
200,000 |
131,063 |
3.75%,
11/15/52
(a) |
150,000 |
125,686 |
3.30%,
07/15/56
(a) |
150,000 |
112,683 |
Quanta
Services, Inc. | ||
2.90%,
10/01/30
(a) |
200,000 |
165,347 |
2.35%,
01/15/32
(a) |
200,000 |
152,428 |
3.05%,
10/01/41
(a) |
200,000 |
131,384 |
The
American University | ||
3.67%,
04/01/49
|
200,000 |
155,681 |
Thomas
Jefferson University | ||
3.85%,
11/01/57
(a) |
150,000 |
109,157 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Trustees
of Boston College | ||
3.13%,
07/01/52
|
150,000 |
105,690 |
Trustees
of Princeton University | ||
5.70%,
03/01/39
|
225,000 |
244,079 |
2.52%,
07/01/50
(a) |
200,000 |
135,616 |
Trustees
of the University of Pennsylvania | ||
2.40%,
10/01/50
(a) |
100,000 |
63,515 |
4.67%,
09/01/12
|
100,000 |
85,189 |
3.61%,
02/15/19
(a) |
100,000 |
66,791 |
University
of Chicago | ||
2.76%,
04/01/45
(a) |
150,000 |
113,487 |
2.55%,
04/01/50
(a) |
200,000 |
134,955 |
4.00%,
10/01/53
(a) |
125,000 |
105,947 |
University
of Notre Dame du Lac | ||
3.44%,
02/15/45
|
150,000 |
120,046 |
3.39%,
02/15/48
(a) |
149,000 |
115,315 |
University
of Southern California | ||
3.03%,
10/01/39
|
300,000 |
236,278 |
3.84%,
10/01/47
(a) |
150,000 |
124,892 |
5.25%,
10/01/11
|
100,000 |
98,298 |
3.23%,
10/01/20
(a) |
125,000 |
74,272 |
William
Marsh Rice University | ||
3.57%,
05/15/45
|
200,000 |
165,495 |
3.77%,
05/15/55
|
100,000 |
80,887 |
Yale
University | ||
0.87%,
04/15/25
(a) |
125,000 |
115,125 |
1.48%,
04/15/30
(a) |
200,000 |
160,364 |
2.40%,
04/15/50
(a) |
200,000 |
130,281 |
|
|
7,598,677 |
Technology
2.4%
| ||
Adobe,
Inc. | ||
1.90%,
02/01/25
(a) |
150,000 |
141,802 |
3.25%,
02/01/25
(a) |
230,000 |
223,619 |
2.15%,
02/01/27
(a) |
275,000 |
250,806 |
2.30%,
02/01/30
(a) |
400,000 |
341,682 |
Advanced
Micro Devices, Inc. | ||
3.92%,
06/01/32
(a) |
150,000 |
139,969 |
4.39%,
06/01/52
(a) |
150,000 |
133,174 |
Alphabet,
Inc. | ||
3.38%,
02/25/24
|
250,000 |
250,595 |
0.45%,
08/15/25
(a) |
100,000 |
90,204 |
2.00%,
08/15/26
(a) |
500,000 |
460,355 |
0.80%,
08/15/27
(a) |
300,000 |
257,653 |
1.10%,
08/15/30
(a) |
700,000 |
550,849 |
1.90%,
08/15/40
(a) |
550,000 |
364,823 |
2.05%,
08/15/50
(a) |
750,000 |
445,280 |
2.25%,
08/15/60
(a) |
525,000 |
299,184 |
Amdocs
Ltd. | ||
2.54%,
06/15/30
(a) |
250,000 |
203,693 |
Analog
Devices, Inc. | ||
2.95%,
04/01/25
(a) |
150,000 |
144,262 |
3.50%,
12/05/26
(a) |
200,000 |
190,988 |
3.45%,
06/15/27
(a)(c) |
200,000 |
188,633 |
1.70%,
10/01/28
(a) |
200,000 |
169,725 |
2.10%,
10/01/31
(a) |
350,000 |
283,507 |
2.80%,
10/01/41
(a) |
300,000 |
221,204 |
2.95%,
10/01/51
(a) |
250,000 |
169,063 |
Apple
Inc. | ||
3.00%,
02/09/24
(a) |
350,000 |
343,360 |
3.45%,
05/06/24
|
500,000 |
491,755 |
2.85%,
05/11/24
(a) |
450,000 |
438,418 |
1.80%,
09/11/24
(a) |
250,000 |
238,298 |
2.75%,
01/13/25
(a) |
400,000 |
385,519 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
02/09/25
|
300,000 |
287,001 |
1.13%,
05/11/25
(a) |
500,000 |
460,846 |
3.20%,
05/13/25
|
600,000 |
580,142 |
0.55%,
08/20/25
(a) |
400,000 |
361,001 |
0.70%,
02/08/26
(a) |
750,000 |
667,166 |
3.25%,
02/23/26
(a) |
950,000 |
913,983 |
2.45%,
08/04/26
(a) |
600,000 |
557,540 |
2.05%,
09/11/26
(a) |
550,000 |
502,886 |
3.35%,
02/09/27
(a) |
675,000 |
646,823 |
3.20%,
05/11/27
(a) |
500,000 |
475,274 |
3.00%,
06/20/27
(a) |
300,000 |
282,977 |
2.90%,
09/12/27
(a) |
550,000 |
514,236 |
3.00%,
11/13/27
(a) |
450,000 |
420,897 |
1.20%,
02/08/28
(a) |
750,000 |
637,594 |
1.40%,
08/05/28
(a) |
650,000 |
551,500 |
3.25%,
08/08/29
(a) |
300,000 |
278,382 |
2.20%,
09/11/29
(a) |
550,000 |
475,754 |
1.65%,
05/11/30
(a) |
550,000 |
451,351 |
1.25%,
08/20/30
(a) |
400,000 |
315,392 |
1.65%,
02/08/31
(a) |
800,000 |
644,912 |
1.70%,
08/05/31
(a) |
350,000 |
280,124 |
3.35%,
08/08/32
(a) |
450,000 |
409,204 |
4.50%,
02/23/36
(a) |
300,000 |
297,675 |
2.38%,
02/08/41
(a) |
450,000 |
318,418 |
3.85%,
05/04/43
|
800,000 |
695,322 |
4.45%,
05/06/44
|
230,000 |
218,191 |
3.45%,
02/09/45
|
600,000 |
482,826 |
4.38%,
05/13/45
|
700,000 |
647,083 |
4.65%,
02/23/46
(a) |
850,000 |
808,482 |
3.85%,
08/04/46
(a) |
538,000 |
458,672 |
4.25%,
02/09/47
(a) |
400,000 |
369,960 |
3.75%,
09/12/47
(a) |
350,000 |
292,421 |
3.75%,
11/13/47
(a) |
419,000 |
350,165 |
2.95%,
09/11/49
(a) |
500,000 |
357,070 |
2.65%,
05/11/50
(a) |
750,000 |
498,385 |
2.40%,
08/20/50
(a) |
600,000 |
379,317 |
2.65%,
02/08/51
(a) |
350,000 |
233,502 |
2.70%,
08/05/51
(a) |
500,000 |
334,263 |
3.95%,
08/08/52
(a) |
500,000 |
426,794 |
2.55%,
08/20/60
(a) |
650,000 |
398,779 |
2.80%,
02/08/61
(a) |
450,000 |
288,901 |
2.85%,
08/05/61
(a) |
450,000 |
293,330 |
Applied
Materials, Inc. | ||
3.90%,
10/01/25
(a) |
250,000 |
244,905 |
3.30%,
04/01/27
(a) |
400,000 |
380,532 |
1.75%,
06/01/30
(a) |
250,000 |
204,107 |
5.10%,
10/01/35
(a) |
100,000 |
101,237 |
5.85%,
06/15/41
|
150,000 |
164,488 |
4.35%,
04/01/47
(a) |
100,000 |
90,497 |
2.75%,
06/01/50
(a) |
325,000 |
222,889 |
Arrow
Electronics, Inc. | ||
3.25%,
09/08/24
(a) |
300,000 |
289,021 |
4.00%,
04/01/25
(a) |
50,000 |
48,302 |
3.88%,
01/12/28
(a) |
225,000 |
205,169 |
Autodesk,
Inc. | ||
4.38%,
06/15/25
(a) |
200,000 |
198,030 |
2.85%,
01/15/30
(a) |
50,000 |
43,059 |
2.40%,
12/15/31
(a) |
375,000 |
300,971 |
Automatic
Data Processing, Inc. | ||
3.38%,
09/15/25
(a) |
250,000 |
242,612 |
1.70%,
05/15/28
(a) |
350,000 |
304,344 |
1.25%,
09/01/30
(a) |
350,000 |
273,619 |
Avnet,
Inc. | ||
4.63%,
04/15/26
(a) |
200,000 |
192,799 |
5.50%,
06/01/32
(a) |
150,000 |
138,681 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Baidu,
Inc. | ||
4.38%,
05/14/24
(a) |
250,000 |
246,025 |
3.08%,
04/07/25
(a) |
200,000 |
188,623 |
1.72%,
04/09/26
(a) |
200,000 |
177,281 |
3.63%,
07/06/27
|
200,000 |
184,482 |
4.38%,
03/29/28
(a) |
200,000 |
188,895 |
4.88%,
11/14/28
(a) |
200,000 |
192,152 |
2.38%,
10/09/30
(a) |
200,000 |
159,388 |
2.38%,
08/23/31
(a) |
200,000 |
156,303 |
Broadcom
Corp./Broadcom Cayman Finance Ltd. | ||
3.63%,
01/15/24
(a) |
300,000 |
295,077 |
3.13%,
01/15/25
(a) |
100,000 |
96,183 |
3.88%,
01/15/27
(a) |
900,000 |
852,960 |
3.50%,
01/15/28
(a) |
250,000 |
228,209 |
Broadcom,
Inc. | ||
3.63%,
10/15/24
(a) |
200,000 |
195,002 |
3.15%,
11/15/25
(a) |
250,000 |
237,104 |
3.46%,
09/15/26
(a) |
204,000 |
192,305 |
1.95%,
02/15/28
(a)(c) |
300,000 |
253,969 |
4.11%,
09/15/28
(a) |
400,000 |
373,616 |
4.75%,
04/15/29
(a) |
300,000 |
286,523 |
5.00%,
04/15/30
(a) |
150,000 |
142,327 |
4.15%,
11/15/30
(a) |
593,000 |
532,357 |
2.45%,
02/15/31
(a)(c) |
700,000 |
552,118 |
4.30%,
11/15/32
(a) |
675,000 |
596,914 |
2.60%,
02/15/33
(a)(c) |
600,000 |
450,557 |
3.42%,
04/15/33
(a)(c) |
600,000 |
482,460 |
3.47%,
04/15/34
(a)(c) |
850,000 |
675,492 |
3.14%,
11/15/35
(a)(c) |
1,006,000 |
739,992 |
3.19%,
11/15/36
(a)(c) |
707,000 |
511,076 |
4.93%,
05/15/37
(a)(c) |
655,000 |
572,636 |
3.50%,
02/15/41
(a)(c) |
950,000 |
680,611 |
3.75%,
02/15/51
(a)(c) |
500,000 |
349,334 |
Broadridge
Financial Solutions, Inc. | ||
3.40%,
06/27/26
(a) |
150,000 |
140,715 |
2.90%,
12/01/29
(a) |
250,000 |
211,997 |
2.60%,
05/01/31
(a) |
250,000 |
204,068 |
Cadence
Design Systems, Inc. | ||
4.38%,
10/15/24
(a) |
150,000 |
148,789 |
CDW
LLC/CDW Finance Corp. | ||
5.50%,
12/01/24
(a) |
175,000 |
174,548 |
4.13%,
05/01/25
(a) |
200,000 |
195,111 |
2.67%,
12/01/26
(a) |
275,000 |
244,747 |
4.25%,
04/01/28
(a) |
150,000 |
138,250 |
3.28%,
12/01/28
(a) |
150,000 |
128,918 |
3.25%,
02/15/29
(a) |
200,000 |
170,798 |
3.57%,
12/01/31
(a) |
250,000 |
206,878 |
CGI,
Inc. | ||
1.45%,
09/14/26
(a) |
200,000 |
177,024 |
2.30%,
09/14/31
(a) |
150,000 |
113,756 |
Cisco
Systems, Inc. | ||
3.63%,
03/04/24
|
225,000 |
221,912 |
3.50%,
06/15/25
|
50,000 |
48,710 |
2.95%,
02/28/26
|
150,000 |
143,380 |
2.50%,
09/20/26
(a) |
450,000 |
419,925 |
5.90%,
02/15/39
|
500,000 |
540,425 |
5.50%,
01/15/40
|
700,000 |
731,072 |
Corning,
Inc. | ||
5.75%,
08/15/40
|
150,000 |
149,835 |
4.75%,
03/15/42
|
50,000 |
44,566 |
5.35%,
11/15/48
(a) |
150,000 |
141,949 |
3.90%,
11/15/49
(a) |
150,000 |
110,072 |
4.38%,
11/15/57
(a) |
200,000 |
155,852 |
5.85%,
11/15/68
(a) |
100,000 |
92,600 |
5.45%,
11/15/79
(a) |
350,000 |
304,240 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Dell
International LLC/EMC Corp. | ||
4.00%,
07/15/24
(a) |
250,000 |
245,565 |
5.85%,
07/15/25
(a) |
200,000 |
202,676 |
6.02%,
06/15/26
(a) |
1,200,000 |
1,226,195 |
4.90%,
10/01/26
(a) |
500,000 |
493,032 |
6.10%,
07/15/27
(a) |
200,000 |
205,902 |
5.30%,
10/01/29
(a) |
550,000 |
537,965 |
6.20%,
07/15/30
(a) |
300,000 |
306,163 |
8.10%,
07/15/36
(a) |
301,000 |
338,025 |
3.38%,
12/15/41
(a)(c) |
250,000 |
168,319 |
8.35%,
07/15/46
(a) |
256,000 |
294,226 |
3.45%,
12/15/51
(a)(c) |
400,000 |
247,938 |
Dell,
Inc. | ||
7.10%,
04/15/28
|
50,000 |
53,783 |
DXC
Technology Co. | ||
1.80%,
09/15/26
(a) |
250,000 |
217,967 |
2.38%,
09/15/28
(a) |
200,000 |
168,530 |
Equifax,
Inc. | ||
2.60%,
12/01/24
(a) |
200,000 |
190,960 |
2.60%,
12/15/25
(a) |
150,000 |
139,816 |
3.10%,
05/15/30
(a) |
200,000 |
168,822 |
2.35%,
09/15/31
(a) |
250,000 |
194,295 |
Equinix,
Inc. | ||
2.63%,
11/18/24
(a) |
200,000 |
190,696 |
1.00%,
09/15/25
(a) |
250,000 |
223,629 |
1.45%,
05/15/26
(a) |
200,000 |
175,993 |
2.90%,
11/18/26
(a) |
100,000 |
91,545 |
1.80%,
07/15/27
(a) |
150,000 |
128,688 |
1.55%,
03/15/28
(a) |
250,000 |
207,263 |
3.20%,
11/18/29
(a) |
400,000 |
348,874 |
2.15%,
07/15/30
(a) |
300,000 |
239,657 |
2.50%,
05/15/31
(a) |
350,000 |
281,293 |
3.90%,
04/15/32
(a) |
350,000 |
310,599 |
3.00%,
07/15/50
(a) |
175,000 |
110,986 |
2.95%,
09/15/51
(a) |
175,000 |
109,633 |
3.40%,
02/15/52
(a) |
100,000 |
68,735 |
FactSet
Research Systems, Inc. | ||
2.90%,
03/01/27
(a) |
150,000 |
136,699 |
3.45%,
03/01/32
(a) |
100,000 |
84,589 |
Fidelity
National Information Services, Inc. | ||
0.60%,
03/01/24
|
200,000 |
189,435 |
4.50%,
07/15/25
|
250,000 |
245,579 |
1.15%,
03/01/26
(a) |
350,000 |
307,477 |
1.65%,
03/01/28
(a) |
250,000 |
208,277 |
3.75%,
05/21/29
(a) |
50,000 |
45,709 |
2.25%,
03/01/31
(a) |
450,000 |
354,593 |
5.10%,
07/15/32
(a) |
225,000 |
217,344 |
3.10%,
03/01/41
(a) |
250,000 |
173,245 |
4.50%,
08/15/46
(a) |
100,000 |
78,564 |
5.63%,
07/15/52
(a) |
100,000 |
92,858 |
Fiserv,
Inc. | ||
2.75%,
07/01/24
(a) |
600,000 |
579,016 |
3.85%,
06/01/25
(a) |
250,000 |
242,901 |
3.20%,
07/01/26
(a) |
650,000 |
609,683 |
2.25%,
06/01/27
(a) |
200,000 |
178,717 |
4.20%,
10/01/28
(a) |
300,000 |
284,322 |
3.50%,
07/01/29
(a) |
750,000 |
676,428 |
2.65%,
06/01/30
(a) |
200,000 |
168,046 |
4.40%,
07/01/49
(a) |
525,000 |
427,440 |
Flex
Ltd. | ||
4.75%,
06/15/25
(a) |
150,000 |
147,231 |
3.75%,
02/01/26
(a) |
200,000 |
188,635 |
4.88%,
06/15/29
(a) |
250,000 |
235,737 |
4.88%,
05/12/30
(a) |
200,000 |
187,623 |
Fortinet,
Inc. | ||
1.00%,
03/15/26
(a) |
200,000 |
175,354 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Genpact
Luxembourg Sarl | ||
3.38%,
12/01/24
(a) |
250,000 |
239,288 |
Global
Payments, Inc. | ||
1.50%,
11/15/24
(a) |
200,000 |
186,490 |
2.65%,
02/15/25
(a) |
200,000 |
188,512 |
1.20%,
03/01/26
(a) |
400,000 |
349,073 |
2.15%,
01/15/27
(a) |
350,000 |
306,079 |
4.45%,
06/01/28
(a) |
150,000 |
139,776 |
3.20%,
08/15/29
(a) |
400,000 |
342,121 |
5.30%,
08/15/29
(a) |
150,000 |
145,789 |
2.90%,
05/15/30
(a) |
275,000 |
226,058 |
2.90%,
11/15/31
(a) |
250,000 |
197,754 |
5.40%,
08/15/32
(a) |
225,000 |
214,862 |
4.15%,
08/15/49
(a) |
200,000 |
143,270 |
5.95%,
08/15/52
(a) |
225,000 |
204,751 |
Hewlett
Packard Enterprise Co. | ||
1.45%,
04/01/24
(a) |
200,000 |
191,083 |
4.90%,
10/15/25
(a) |
600,000 |
594,645 |
1.75%,
04/01/26
(a) |
350,000 |
314,893 |
6.20%,
10/15/35
(a) |
250,000 |
258,103 |
6.35%,
10/15/45
(a) |
425,000 |
425,697 |
HP,
Inc. | ||
2.20%,
06/17/25
(a) |
500,000 |
468,660 |
1.45%,
06/17/26
(a) |
200,000 |
175,599 |
3.00%,
06/17/27
(a) |
300,000 |
274,505 |
4.00%,
04/15/29
(a) |
300,000 |
274,986 |
3.40%,
06/17/30
(a) |
300,000 |
254,474 |
2.65%,
06/17/31
(a) |
250,000 |
195,207 |
4.20%,
04/15/32
(a) |
300,000 |
258,026 |
5.50%,
01/15/33
(a) |
350,000 |
329,727 |
6.00%,
09/15/41
|
350,000 |
335,832 |
Intel
Corp. | ||
2.88%,
05/11/24
(a) |
200,000 |
194,847 |
3.40%,
03/25/25
(a)(d) |
600,000 |
584,372 |
3.70%,
07/29/25
(a) |
650,000 |
634,797 |
2.60%,
05/19/26
(a) |
250,000 |
233,553 |
3.75%,
03/25/27
(a) |
250,000 |
241,695 |
3.15%,
05/11/27
(a) |
400,000 |
376,823 |
1.60%,
08/12/28
(a) |
300,000 |
255,196 |
4.00%,
08/05/29
(a) |
250,000 |
238,693 |
2.45%,
11/15/29
(a) |
700,000 |
601,172 |
3.90%,
03/25/30
(a) |
450,000 |
422,563 |
2.00%,
08/12/31
(a) |
400,000 |
317,880 |
4.15%,
08/05/32
(a) |
375,000 |
351,056 |
4.00%,
12/15/32
|
100,000 |
92,664 |
4.60%,
03/25/40
(a) |
250,000 |
227,489 |
2.80%,
08/12/41
(a) |
250,000 |
174,484 |
4.80%,
10/01/41
|
200,000 |
185,093 |
4.25%,
12/15/42
|
150,000 |
128,418 |
4.90%,
07/29/45
(a) |
200,000 |
187,806 |
4.10%,
05/19/46
(a) |
250,000 |
203,817 |
4.10%,
05/11/47
(a) |
325,000 |
264,106 |
3.73%,
12/08/47
(a) |
400,000 |
301,415 |
3.25%,
11/15/49
(a) |
600,000 |
409,583 |
4.75%,
03/25/50
(a) |
650,000 |
566,900 |
3.05%,
08/12/51
(a) |
350,000 |
228,333 |
4.90%,
08/05/52
(a) |
475,000 |
422,701 |
3.10%,
02/15/60
(a) |
375,000 |
233,988 |
4.95%,
03/25/60
(a)(d) |
300,000 |
268,205 |
3.20%,
08/12/61
(a) |
250,000 |
158,326 |
5.05%,
08/05/62
(a) |
200,000 |
176,749 |
International
Business Machines Corp. | ||
3.63%,
02/12/24
|
400,000 |
394,069 |
3.00%,
05/15/24
|
750,000 |
730,240 |
4.00%,
07/27/25
|
300,000 |
294,990 |
7.00%,
10/30/25
|
150,000 |
159,186 |
3.45%,
02/19/26
|
500,000 |
480,683 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.30%,
05/15/26
|
900,000 |
857,352 |
3.30%,
01/27/27
|
350,000 |
330,052 |
2.20%,
02/09/27
(a) |
200,000 |
180,112 |
1.70%,
05/15/27
(a) |
100,000 |
87,946 |
4.15%,
07/27/27
(a) |
300,000 |
292,827 |
3.50%,
05/15/29
|
1,000,000 |
919,711 |
1.95%,
05/15/30
(a) |
500,000 |
407,994 |
2.72%,
02/09/32
(a) |
150,000 |
126,026 |
5.88%,
11/29/32
|
300,000 |
320,638 |
4.15%,
05/15/39
|
650,000 |
561,118 |
2.85%,
05/15/40
(a) |
300,000 |
217,701 |
4.00%,
06/20/42
|
375,000 |
311,864 |
4.70%,
02/19/46
|
200,000 |
177,910 |
4.25%,
05/15/49
|
950,000 |
790,220 |
2.95%,
05/15/50
(a) |
300,000 |
196,799 |
3.43%,
02/09/52
(a) |
100,000 |
70,760 |
7.13%,
12/01/96
|
100,000 |
124,418 |
Intuit,
Inc. | ||
0.95%,
07/15/25
(a) |
150,000 |
136,663 |
1.35%,
07/15/27
(a) |
200,000 |
173,448 |
1.65%,
07/15/30
(a) |
150,000 |
120,933 |
Jabil,
Inc. | ||
3.95%,
01/12/28
(a) |
350,000 |
326,668 |
3.60%,
01/15/30
(a) |
100,000 |
87,932 |
3.00%,
01/15/31
(a) |
300,000 |
249,105 |
Juniper
Networks, Inc. | ||
1.20%,
12/10/25
(a) |
150,000 |
134,286 |
3.75%,
08/15/29
(a) |
200,000 |
178,561 |
2.00%,
12/10/30
(a) |
150,000 |
114,463 |
Keysight
Technologies, Inc. | ||
4.55%,
10/30/24
(a) |
100,000 |
98,794 |
4.60%,
04/06/27
(a) |
250,000 |
244,845 |
3.00%,
10/30/29
(a) |
200,000 |
173,873 |
KLA
Corp. | ||
4.65%,
11/01/24
(a) |
500,000 |
499,353 |
4.10%,
03/15/29
(a) |
174,000 |
168,480 |
4.65%,
07/15/32
(a) |
300,000 |
294,416 |
5.00%,
03/15/49
(a) |
150,000 |
140,783 |
3.30%,
03/01/50
(a) |
250,000 |
181,934 |
5.25%,
07/15/62
(a) |
250,000 |
241,775 |
Kyndryl
Holdings, Inc. | ||
2.05%,
10/15/26
(a) |
250,000 |
207,186 |
2.70%,
10/15/28
(a) |
100,000 |
75,436 |
3.15%,
10/15/31
(a) |
150,000 |
100,802 |
4.10%,
10/15/41
(a) |
200,000 |
119,190 |
Lam
Research Corp. | ||
3.80%,
03/15/25
(a) |
150,000 |
146,914 |
3.75%,
03/15/26
(a) |
150,000 |
145,634 |
4.00%,
03/15/29
(a) |
300,000 |
285,948 |
1.90%,
06/15/30
(a) |
250,000 |
203,816 |
4.88%,
03/15/49
(a) |
245,000 |
234,358 |
2.88%,
06/15/50
(a) |
300,000 |
203,244 |
3.13%,
06/15/60
(a) |
100,000 |
66,205 |
Leidos,
Inc. | ||
3.63%,
05/15/25
(a) |
150,000 |
144,410 |
4.38%,
05/15/30
(a) |
300,000 |
271,258 |
2.30%,
02/15/31
(a) |
250,000 |
191,877 |
Marvell
Technology, Inc. | ||
1.65%,
04/15/26
(a) |
150,000 |
133,012 |
2.45%,
04/15/28
(a) |
250,000 |
210,826 |
4.88%,
06/22/28
(a) |
164,000 |
156,195 |
2.95%,
04/15/31
(a) |
150,000 |
120,742 |
Mastercard,
Inc. | ||
3.38%,
04/01/24
|
250,000 |
245,567 |
2.00%,
03/03/25
(a) |
200,000 |
189,582 |
2.95%,
11/21/26
(a) |
200,000 |
188,955 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.30%,
03/26/27
(a) |
300,000 |
286,327 |
2.95%,
06/01/29
(a) |
350,000 |
316,758 |
3.35%,
03/26/30
(a) |
500,000 |
458,690 |
2.00%,
11/18/31
(a) |
250,000 |
201,794 |
3.80%,
11/21/46
(a) |
125,000 |
105,119 |
3.95%,
02/26/48
(a) |
100,000 |
85,806 |
3.65%,
06/01/49
(a) |
300,000 |
244,916 |
3.85%,
03/26/50
(a) |
450,000 |
377,665 |
2.95%,
03/15/51
(a) |
250,000 |
178,230 |
Microchip
Technology, Inc. | ||
0.97%,
02/15/24
|
400,000 |
380,360 |
0.98%,
09/01/24
|
300,000 |
278,333 |
4.25%,
09/01/25
(a) |
300,000 |
291,459 |
Micron
Technology, Inc. | ||
4.98%,
02/06/26
(a) |
50,000 |
49,317 |
4.19%,
02/15/27
(a) |
200,000 |
190,285 |
5.33%,
02/06/29
(a) |
300,000 |
288,299 |
4.66%,
02/15/30
(a) |
350,000 |
317,800 |
2.70%,
04/15/32
(a) |
350,000 |
262,905 |
3.37%,
11/01/41
(a) |
250,000 |
167,607 |
Microsoft
Corp. | ||
2.88%,
02/06/24
(a) |
567,000 |
556,425 |
2.70%,
02/12/25
(a) |
550,000 |
529,158 |
3.13%,
11/03/25
(a) |
900,000 |
869,843 |
2.40%,
08/08/26
(a) |
1,250,000 |
1,166,956 |
3.30%,
02/06/27
(a) |
1,225,000 |
1,182,042 |
3.50%,
02/12/35
(a) |
525,000 |
476,604 |
4.20%,
11/03/35
(a) |
150,000 |
145,439 |
3.45%,
08/08/36
(a) |
450,000 |
399,704 |
4.10%,
02/06/37
(a) |
375,000 |
355,815 |
3.50%,
11/15/42
|
50,000 |
42,070 |
3.75%,
02/12/45
(a) |
75,000 |
65,964 |
4.45%,
11/03/45
(a) |
200,000 |
189,764 |
3.70%,
08/08/46
(a) |
550,000 |
470,882 |
4.25%,
02/06/47
(a) |
300,000 |
282,720 |
2.53%,
06/01/50
(a) |
1,825,000 |
1,215,558 |
2.92%,
03/17/52
(a) |
1,794,000 |
1,279,721 |
4.00%,
02/12/55
(a) |
200,000 |
176,558 |
3.95%,
08/08/56
(a) |
200,000 |
171,183 |
4.50%,
02/06/57
(a) |
250,000 |
238,448 |
2.68%,
06/01/60
(a) |
1,035,000 |
669,439 |
3.04%,
03/17/62
(a) |
491,000 |
342,016 |
Moody's
Corp. | ||
4.88%,
02/15/24
(a) |
100,000 |
99,716 |
3.75%,
03/24/25
(a) |
250,000 |
243,467 |
3.25%,
01/15/28
(a) |
100,000 |
92,547 |
4.25%,
02/01/29
(a) |
200,000 |
192,069 |
2.00%,
08/19/31
(a) |
200,000 |
158,879 |
4.25%,
08/08/32
(a) |
150,000 |
140,701 |
2.75%,
08/19/41
(a) |
200,000 |
140,021 |
5.25%,
07/15/44
|
100,000 |
96,487 |
4.88%,
12/17/48
(a) |
50,000 |
45,325 |
3.25%,
05/20/50
(a) |
50,000 |
34,589 |
3.75%,
02/25/52
(a) |
100,000 |
77,179 |
2.55%,
08/18/60
(a) |
150,000 |
84,700 |
3.10%,
11/29/61
(a) |
150,000 |
94,953 |
Motorola
Solutions, Inc. | ||
4.60%,
02/23/28
(a) |
200,000 |
194,397 |
4.60%,
05/23/29
(a) |
250,000 |
237,962 |
2.30%,
11/15/30
(a) |
300,000 |
235,615 |
2.75%,
05/24/31
(a) |
250,000 |
199,924 |
5.60%,
06/01/32
(a) |
200,000 |
195,520 |
5.50%,
09/01/44
|
100,000 |
90,705 |
NetApp,
Inc. | ||
3.30%,
09/29/24
(a) |
50,000 |
48,445 |
1.88%,
06/22/25
(a) |
250,000 |
230,561 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.38%,
06/22/27
(a) |
175,000 |
155,903 |
2.70%,
06/22/30
(a) |
250,000 |
205,581 |
NVIDIA
Corp. | ||
0.58%,
06/14/24
(a) |
250,000 |
235,974 |
3.20%,
09/16/26
(a) |
400,000 |
380,690 |
2.85%,
04/01/30
(a) |
500,000 |
437,403 |
2.00%,
06/15/31
(a) |
450,000 |
361,830 |
3.50%,
04/01/40
(a) |
375,000 |
304,213 |
3.50%,
04/01/50
(a) |
550,000 |
416,431 |
3.70%,
04/01/60
(a) |
150,000 |
111,974 |
NXP
BV/NXP Funding LLC | ||
4.88%,
03/01/24
(a) |
250,000 |
248,107 |
5.35%,
03/01/26
(a) |
200,000 |
198,660 |
5.55%,
12/01/28
(a) |
250,000 |
251,059 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%,
05/01/25
(a) |
200,000 |
188,439 |
3.88%,
06/18/26
(a) |
250,000 |
238,228 |
3.15%,
05/01/27
(a) |
300,000 |
273,863 |
4.30%,
06/18/29
(a) |
350,000 |
324,717 |
3.40%,
05/01/30
(a) |
450,000 |
389,159 |
2.65%,
02/15/32
(a) |
300,000 |
235,119 |
3.25%,
05/11/41
(a) |
250,000 |
174,803 |
3.25%,
11/30/51
(a) |
350,000 |
219,490 |
Oracle
Corp. | ||
3.40%,
07/08/24
(a) |
400,000 |
390,228 |
2.95%,
11/15/24
(a) |
570,000 |
548,902 |
2.50%,
04/01/25
(a) |
1,000,000 |
943,217 |
2.95%,
05/15/25
(a) |
500,000 |
475,112 |
5.80%,
11/10/25
|
300,000 |
306,556 |
1.65%,
03/25/26
(a) |
800,000 |
717,607 |
2.65%,
07/15/26
(a) |
756,000 |
695,728 |
2.80%,
04/01/27
(a) |
650,000 |
593,221 |
3.25%,
11/15/27
(a) |
850,000 |
781,412 |
2.30%,
03/25/28
(a) |
650,000 |
564,286 |
6.15%,
11/09/29
(a) |
350,000 |
364,180 |
2.95%,
04/01/30
(a) |
950,000 |
812,137 |
3.25%,
05/15/30
(a) |
150,000 |
130,372 |
2.88%,
03/25/31
(a) |
1,000,000 |
830,606 |
6.25%,
11/09/32
(a) |
650,000 |
683,341 |
4.30%,
07/08/34
(a) |
400,000 |
352,672 |
3.90%,
05/15/35
(a) |
350,000 |
292,193 |
3.85%,
07/15/36
(a) |
450,000 |
368,538 |
3.80%,
11/15/37
(a) |
525,000 |
414,554 |
6.50%,
04/15/38
|
400,000 |
416,336 |
6.13%,
07/08/39
|
350,000 |
349,318 |
3.60%,
04/01/40
(a) |
850,000 |
628,135 |
5.38%,
07/15/40
|
675,000 |
619,807 |
3.65%,
03/25/41
(a) |
600,000 |
443,964 |
4.50%,
07/08/44
(a) |
250,000 |
201,562 |
4.13%,
05/15/45
(a) |
500,000 |
378,175 |
4.00%,
07/15/46
(a) |
800,000 |
588,029 |
4.00%,
11/15/47
(a) |
475,000 |
348,884 |
3.60%,
04/01/50
(a) |
1,200,000 |
818,487 |
3.95%,
03/25/51
(a) |
840,000 |
605,151 |
6.90%,
11/09/52
(a) |
700,000 |
757,338 |
4.38%,
05/15/55
(a) |
375,000 |
288,278 |
3.85%,
04/01/60
(a) |
1,000,000 |
669,925 |
4.10%,
03/25/61
(a) |
450,000 |
314,375 |
PayPal
Holdings, Inc. | ||
2.40%,
10/01/24
(a) |
300,000 |
287,519 |
1.65%,
06/01/25
(a) |
300,000 |
278,334 |
2.65%,
10/01/26
(a) |
400,000 |
369,855 |
3.90%,
06/01/27
(a) |
150,000 |
144,649 |
2.85%,
10/01/29
(a) |
425,000 |
370,799 |
2.30%,
06/01/30
(a) |
300,000 |
246,524 |
4.40%,
06/01/32
(a) |
300,000 |
283,254 |
3.25%,
06/01/50
(a) |
225,000 |
154,968 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
5.05%,
06/01/52
(a) |
300,000 |
274,167 |
5.25%,
06/01/62
(a) |
100,000 |
91,512 |
Qorvo,
Inc. | ||
1.75%,
12/15/24
(a)(c) |
150,000 |
138,962 |
4.38%,
10/15/29
(a) |
250,000 |
221,245 |
QUALCOMM,
Inc. | ||
2.90%,
05/20/24
(a) |
275,000 |
268,388 |
3.45%,
05/20/25
(a) |
450,000 |
438,010 |
3.25%,
05/20/27
(a) |
350,000 |
333,504 |
1.30%,
05/20/28
(a) |
384,000 |
325,792 |
2.15%,
05/20/30
(a) |
400,000 |
338,383 |
1.65%,
05/20/32
(a) |
350,000 |
270,494 |
4.65%,
05/20/35
(a) |
375,000 |
364,658 |
4.80%,
05/20/45
(a) |
450,000 |
423,872 |
4.30%,
05/20/47
(a) |
400,000 |
347,836 |
3.25%,
05/20/50
(a) |
175,000 |
127,722 |
4.50%,
05/20/52
(a) |
300,000 |
264,245 |
6.00%,
05/20/53
(a) |
350,000 |
374,353 |
RELX
Capital, Inc. | ||
4.00%,
03/18/29
(a) |
350,000 |
325,000 |
3.00%,
05/22/30
(a) |
200,000 |
170,823 |
4.75%,
05/20/32
(a) |
150,000 |
144,309 |
S&P
Global, Inc. | ||
2.95%,
01/22/27
(a) |
150,000 |
140,481 |
2.45%,
03/01/27
(a)(c) |
400,000 |
365,721 |
4.75%,
08/01/28
(a)(c) |
150,000 |
148,444 |
2.70%,
03/01/29
(a)(c) |
350,000 |
308,413 |
4.25%,
05/01/29
(a)(c) |
200,000 |
191,187 |
2.50%,
12/01/29
(a) |
200,000 |
171,403 |
1.25%,
08/15/30
(a) |
200,000 |
154,180 |
2.90%,
03/01/32
(a)(c) |
400,000 |
341,713 |
3.25%,
12/01/49
(a) |
200,000 |
146,031 |
3.70%,
03/01/52
(a)(c) |
300,000 |
234,381 |
2.30%,
08/15/60
(a) |
200,000 |
110,558 |
3.90%,
03/01/62
(a)(c) |
150,000 |
116,955 |
Salesforce,
Inc. | ||
0.63%,
07/15/24
(a) |
200,000 |
187,946 |
3.70%,
04/11/28
(a) |
425,000 |
408,793 |
1.50%,
07/15/28
(a) |
300,000 |
256,638 |
1.95%,
07/15/31
(a) |
500,000 |
400,839 |
2.70%,
07/15/41
(a) |
400,000 |
286,429 |
2.90%,
07/15/51
(a) |
550,000 |
366,302 |
3.05%,
07/15/61
(a) |
300,000 |
194,342 |
ServiceNow,
Inc. | ||
1.40%,
09/01/30
(a) |
450,000 |
344,097 |
Skyworks
Solutions, Inc. | ||
1.80%,
06/01/26
(a) |
200,000 |
176,326 |
3.00%,
06/01/31
(a) |
150,000 |
117,822 |
TD
SYNNEX Corp. | ||
1.25%,
08/09/24
(a) |
250,000 |
232,417 |
1.75%,
08/09/26
(a) |
300,000 |
255,374 |
2.65%,
08/09/31
(a) |
250,000 |
189,649 |
Teledyne
FLIR LLC | ||
2.50%,
08/01/30
(a) |
200,000 |
162,188 |
Tencent
Music Entertainment Group | ||
2.00%,
09/03/30
(a) |
200,000 |
151,701 |
Texas
Instruments, Inc. | ||
1.38%,
03/12/25
(a) |
300,000 |
280,442 |
1.13%,
09/15/26
(a) |
200,000 |
176,916 |
2.90%,
11/03/27
(a) |
400,000 |
373,268 |
2.25%,
09/04/29
(a) |
350,000 |
303,343 |
1.75%,
05/04/30
(a) |
250,000 |
206,193 |
1.90%,
09/15/31
(a) |
150,000 |
121,685 |
3.88%,
03/15/39
(a) |
50,000 |
44,204 |
4.15%,
05/15/48
(a) |
550,000 |
490,763 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Thomson
Reuters Corp. | ||
5.85%,
04/15/40
|
175,000 |
169,902 |
5.65%,
11/23/43
(a) |
150,000 |
137,870 |
Trimble,
Inc. | ||
4.75%,
12/01/24
(a) |
100,000 |
99,073 |
4.90%,
06/15/28
(a) |
175,000 |
168,404 |
TSMC
Arizona Corp. | ||
1.75%,
10/25/26
(a) |
300,000 |
266,711 |
3.88%,
04/22/27
(a) |
300,000 |
288,048 |
4.13%,
04/22/29
(a) |
200,000 |
190,569 |
2.50%,
10/25/31
(a) |
300,000 |
247,007 |
4.25%,
04/22/32
(a) |
300,000 |
289,422 |
3.13%,
10/25/41
(a) |
200,000 |
153,958 |
3.25%,
10/25/51
(a) |
350,000 |
254,963 |
4.50%,
04/22/52
(a) |
300,000 |
270,913 |
Tyco
Electronics Group S.A. | ||
3.45%,
08/01/24
(a) |
165,000 |
161,265 |
3.70%,
02/15/26
(a) |
150,000 |
144,738 |
3.13%,
08/15/27
(a) |
150,000 |
138,598 |
7.13%,
10/01/37
|
100,000 |
114,692 |
VeriSign,
Inc. | ||
5.25%,
04/01/25
(a) |
150,000 |
150,052 |
4.75%,
07/15/27
(a) |
100,000 |
97,573 |
2.70%,
06/15/31
(a) |
250,000 |
205,124 |
Verisk
Analytics, Inc. | ||
4.00%,
06/15/25
(a) |
300,000 |
292,299 |
4.13%,
03/15/29
(a) |
175,000 |
163,700 |
5.50%,
06/15/45
(a) |
150,000 |
141,278 |
3.63%,
05/15/50
(a) |
100,000 |
69,521 |
Visa,
Inc. | ||
3.15%,
12/14/25
(a) |
1,000,000 |
964,814 |
1.90%,
04/15/27
(a) |
400,000 |
361,144 |
0.75%,
08/15/27
(a) |
150,000 |
128,130 |
2.75%,
09/15/27
(a) |
150,000 |
139,216 |
2.05%,
04/15/30
(a) |
450,000 |
381,769 |
1.10%,
02/15/31
(a) |
350,000 |
269,646 |
4.15%,
12/14/35
(a) |
500,000 |
471,820 |
2.70%,
04/15/40
(a) |
250,000 |
189,551 |
4.30%,
12/14/45
(a) |
1,050,000 |
959,856 |
3.65%,
09/15/47
(a) |
50,000 |
41,359 |
2.00%,
08/15/50
(a) |
650,000 |
386,127 |
VMware,
Inc. | ||
4.50%,
05/15/25
(a) |
350,000 |
343,884 |
1.40%,
08/15/26
(a) |
500,000 |
436,369 |
3.90%,
08/21/27
(a) |
500,000 |
467,172 |
4.70%,
05/15/30
(a) |
200,000 |
186,697 |
2.20%,
08/15/31
(a) |
500,000 |
380,128 |
Western
Digital Corp. | ||
4.75%,
02/15/26
(a) |
700,000 |
660,106 |
2.85%,
02/01/29
(a) |
150,000 |
116,383 |
3.10%,
02/01/32
(a) |
150,000 |
108,293 |
Western
Union Co. | ||
2.85%,
01/10/25
(a) |
200,000 |
191,156 |
1.35%,
03/15/26
(a) |
200,000 |
175,384 |
2.75%,
03/15/31
(a) |
100,000 |
75,889 |
6.20%,
11/17/36
|
50,000 |
49,815 |
Workday,
Inc. | ||
3.50%,
04/01/27
(a) |
300,000 |
281,052 |
3.70%,
04/01/29
(a) |
300,000 |
275,539 |
3.80%,
04/01/32
(a) |
400,000 |
353,538 |
Xilinx,
Inc. | ||
2.95%,
06/01/24
(a) |
250,000 |
243,234 |
2.38%,
06/01/30
(a) |
250,000 |
210,730 |
|
|
161,246,484 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Transportation
0.5%
| ||
American
Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%,
09/22/27
|
138,419 |
124,926 |
American
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%,
01/15/28
|
178,595 |
159,974 |
American
Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%,
06/15/28
|
359,750 |
314,302 |
American
Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%,
10/15/29
|
37,822 |
32,969 |
American
Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%,
02/15/32
|
302,550 |
253,283 |
BNSF
Funding Trust I | ||
6.61%,
12/15/55
(a)(b) |
100,000 |
94,588 |
Burlington
Northern Santa Fe LLC | ||
3.40%,
09/01/24
(a) |
300,000 |
293,582 |
3.00%,
04/01/25
(a) |
240,000 |
231,154 |
7.00%,
12/15/25
|
150,000 |
160,186 |
3.25%,
06/15/27
(a) |
200,000 |
189,581 |
6.20%,
08/15/36
|
100,000 |
108,840 |
6.15%,
05/01/37
|
50,000 |
54,638 |
5.75%,
05/01/40
(a) |
50,000 |
52,344 |
5.05%,
03/01/41
(a) |
200,000 |
195,824 |
5.40%,
06/01/41
(a) |
250,000 |
252,805 |
4.40%,
03/15/42
(a) |
250,000 |
225,264 |
4.38%,
09/01/42
(a) |
350,000 |
311,434 |
4.45%,
03/15/43
(a) |
200,000 |
179,417 |
5.15%,
09/01/43
(a) |
400,000 |
393,049 |
4.90%,
04/01/44
(a) |
150,000 |
142,343 |
4.55%,
09/01/44
(a) |
425,000 |
386,334 |
4.70%,
09/01/45
(a) |
200,000 |
184,235 |
3.90%,
08/01/46
(a) |
100,000 |
81,546 |
4.13%,
06/15/47
(a) |
225,000 |
191,700 |
4.05%,
06/15/48
(a) |
400,000 |
334,873 |
4.15%,
12/15/48
(a) |
300,000 |
255,974 |
3.05%,
02/15/51
(a) |
225,000 |
156,934 |
3.30%,
09/15/51
(a) |
450,000 |
329,470 |
2.88%,
06/15/52
(a) |
150,000 |
100,573 |
Canadian
National Railway Co. | ||
2.95%,
11/21/24
(a) |
150,000 |
144,726 |
6.90%,
07/15/28
|
150,000 |
165,839 |
3.85%,
08/05/32
(a) |
250,000 |
232,513 |
6.38%,
11/15/37
|
150,000 |
164,861 |
3.20%,
08/02/46
(a) |
250,000 |
184,332 |
3.65%,
02/03/48
(a) |
250,000 |
200,253 |
4.45%,
01/20/49
(a) |
200,000 |
181,001 |
2.45%,
05/01/50
(a) |
300,000 |
189,217 |
Canadian
Pacific Railway Co. | ||
1.35%,
12/02/24
(a) |
450,000 |
420,062 |
2.90%,
02/01/25
(a) |
271,000 |
259,481 |
4.00%,
06/01/28
(a) |
200,000 |
191,497 |
2.05%,
03/05/30
(a) |
200,000 |
164,042 |
7.13%,
10/15/31
|
100,000 |
111,303 |
2.45%,
12/02/31
(a) |
450,000 |
374,766 |
4.80%,
09/15/35
(a) |
145,000 |
136,096 |
5.95%,
05/15/37
|
100,000 |
103,928 |
3.00%,
12/02/41
(a) |
300,000 |
225,777 |
4.80%,
08/01/45
(a) |
150,000 |
137,037 |
3.10%,
12/02/51
(a) |
500,000 |
341,211 |
6.13%,
09/15/15
(a) |
239,000 |
241,060 |
CH
Robinson Worldwide, Inc. | ||
4.20%,
04/15/28
(a) |
200,000 |
189,263 |
CSX
Corp. | ||
3.40%,
08/01/24
(a) |
150,000 |
146,692 |
3.35%,
11/01/25
(a) |
150,000 |
144,109 |
2.60%,
11/01/26
(a) |
250,000 |
230,887 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.25%,
06/01/27
(a) |
378,000 |
354,665 |
3.80%,
03/01/28
(a) |
325,000 |
310,482 |
2.40%,
02/15/30
(a) |
275,000 |
232,979 |
6.00%,
10/01/36
|
350,000 |
367,432 |
6.15%,
05/01/37
|
250,000 |
267,582 |
6.22%,
04/30/40
|
175,000 |
189,773 |
5.50%,
04/15/41
(a) |
150,000 |
151,106 |
4.75%,
05/30/42
(a) |
50,000 |
45,784 |
4.40%,
03/01/43
(a) |
150,000 |
130,292 |
4.10%,
03/15/44
(a) |
250,000 |
209,820 |
3.80%,
11/01/46
(a) |
250,000 |
197,599 |
4.30%,
03/01/48
(a) |
50,000 |
42,783 |
4.75%,
11/15/48
(a) |
250,000 |
227,722 |
4.50%,
03/15/49
(a) |
150,000 |
131,609 |
3.35%,
09/15/49
(a) |
200,000 |
144,316 |
3.80%,
04/15/50
(a) |
150,000 |
116,923 |
3.95%,
05/01/50
(a) |
150,000 |
120,926 |
2.50%,
05/15/51
(a) |
150,000 |
91,533 |
4.50%,
08/01/54
(a) |
150,000 |
128,520 |
4.25%,
11/01/66
(a) |
250,000 |
197,080 |
4.65%,
03/01/68
(a) |
125,000 |
106,406 |
Delta
Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%,
04/25/24
|
188,000 |
182,224 |
Delta
Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%,
06/10/28
|
148,840 |
127,692 |
FedEx
Corp 2020-1 Class AA Pass-Through Trust | ||
1.88%,
02/20/34
|
223,264 |
181,996 |
FedEx
Corp. | ||
3.25%,
04/01/26
(a) |
250,000 |
238,025 |
3.40%,
02/15/28
(a) |
150,000 |
138,935 |
4.20%,
10/17/28
(a) |
150,000 |
142,999 |
3.10%,
08/05/29
(a) |
350,000 |
308,414 |
4.25%,
05/15/30
(a) |
300,000 |
283,058 |
4.90%,
01/15/34
|
112,000 |
106,926 |
3.90%,
02/01/35
|
150,000 |
127,813 |
3.25%,
05/15/41
(a) |
250,000 |
179,414 |
3.88%,
08/01/42
|
200,000 |
152,449 |
5.10%,
01/15/44
|
300,000 |
267,801 |
4.10%,
02/01/45
|
227,000 |
176,107 |
4.75%,
11/15/45
(a) |
265,000 |
224,495 |
4.55%,
04/01/46
(a) |
400,000 |
326,545 |
4.40%,
01/15/47
(a) |
150,000 |
119,531 |
4.05%,
02/15/48
(a) |
300,000 |
228,134 |
4.95%,
10/17/48
(a) |
250,000 |
218,977 |
5.25%,
05/15/50
(a)(d) |
400,000 |
367,711 |
GXO
Logistics, Inc. | ||
1.65%,
07/15/26
(a) |
225,000 |
193,757 |
2.65%,
07/15/31
(a) |
50,000 |
37,085 |
JB
Hunt Transport Services, Inc. | ||
3.88%,
03/01/26
(a) |
225,000 |
218,325 |
JetBlue
2019-1 Class AA Pass-Through Trust | ||
2.75%,
05/15/32
|
129,882 |
107,114 |
JetBlue
2020-1 Class A Pass-Through Trust | ||
Series
1A
4.00%,
11/15/32
|
217,282 |
193,132 |
Kansas
City Southern | ||
2.88%,
11/15/29
(a) |
150,000 |
129,865 |
4.30%,
05/15/43
(a) |
100,000 |
83,929 |
4.95%,
08/15/45
(a) |
100,000 |
90,702 |
4.70%,
05/01/48
(a) |
150,000 |
130,948 |
3.50%,
05/01/50
(a) |
200,000 |
143,618 |
4.20%,
11/15/69
(a) |
150,000 |
112,137 |
Kirby
Corp. | ||
4.20%,
03/01/28
(a) |
200,000 |
182,936 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Norfolk
Southern Corp. | ||
3.85%,
01/15/24
(a) |
50,000 |
49,551 |
2.90%,
06/15/26
(a) |
300,000 |
281,428 |
3.15%,
06/01/27
(a) |
100,000 |
93,298 |
2.55%,
11/01/29
(a) |
200,000 |
171,742 |
2.30%,
05/15/31
(a) |
200,000 |
164,894 |
4.84%,
10/01/41
|
200,000 |
184,551 |
3.95%,
10/01/42
(a) |
100,000 |
82,422 |
4.45%,
06/15/45
(a) |
250,000 |
214,475 |
4.65%,
01/15/46
(a) |
150,000 |
133,486 |
3.94%,
11/01/47
(a) |
250,000 |
201,718 |
4.15%,
02/28/48
(a) |
275,000 |
229,060 |
4.10%,
05/15/49
(a) |
250,000 |
203,718 |
3.40%,
11/01/49
(a) |
250,000 |
180,152 |
3.05%,
05/15/50
(a) |
300,000 |
201,887 |
4.05%,
08/15/52
(a) |
350,000 |
282,584 |
4.55%,
06/01/53
(a) |
200,000 |
174,902 |
3.16%,
05/15/55
(a) |
375,000 |
249,666 |
Ryder
System, Inc. | ||
3.65%,
03/18/24
(a) |
150,000 |
147,008 |
2.50%,
09/01/24
(a) |
200,000 |
190,556 |
3.35%,
09/01/25
(a) |
135,000 |
128,233 |
1.75%,
09/01/26
(a) |
50,000 |
44,253 |
2.90%,
12/01/26
(a) |
200,000 |
182,487 |
4.30%,
06/15/27
(a) |
50,000 |
47,982 |
Southwest
Airlines Co. | ||
5.25%,
05/04/25
(a) |
375,000 |
377,238 |
3.00%,
11/15/26
(a) |
100,000 |
92,097 |
5.13%,
06/15/27
(a) |
475,000 |
470,490 |
3.45%,
11/16/27
(a) |
100,000 |
92,099 |
2.63%,
02/10/30
(a) |
150,000 |
124,654 |
Spirit
Airlines Pass-Through Trust 2015-1A | ||
4.10%,
04/01/28
|
30,576 |
26,830 |
Triton
Container International Ltd./TAL International Container
Corp. | ||
3.25%,
03/15/32
(a) |
200,000 |
154,576 |
Union
Pacific Corp. | ||
3.65%,
02/15/24
(a) |
250,000 |
246,442 |
3.15%,
03/01/24
(a) |
250,000 |
245,112 |
3.75%,
03/15/24
(a) |
100,000 |
98,493 |
3.25%,
08/15/25
(a) |
200,000 |
192,879 |
2.75%,
03/01/26
(a) |
200,000 |
189,419 |
2.15%,
02/05/27
(a) |
375,000 |
339,058 |
6.63%,
02/01/29
|
200,000 |
218,866 |
3.70%,
03/01/29
(a) |
300,000 |
283,445 |
2.40%,
02/05/30
(a) |
250,000 |
214,275 |
2.80%,
02/14/32
(a) |
400,000 |
344,661 |
3.38%,
02/01/35
(a) |
300,000 |
255,129 |
2.89%,
04/06/36
(a) |
250,000 |
198,792 |
3.60%,
09/15/37
(a) |
200,000 |
170,026 |
3.55%,
08/15/39
(a) |
300,000 |
248,157 |
3.20%,
05/20/41
(a) |
250,000 |
196,147 |
4.05%,
11/15/45
(a) |
120,000 |
99,479 |
4.05%,
03/01/46
(a) |
250,000 |
207,238 |
4.00%,
04/15/47
(a) |
200,000 |
164,967 |
4.50%,
09/10/48
(a) |
125,000 |
110,531 |
4.30%,
03/01/49
(a) |
250,000 |
215,226 |
3.25%,
02/05/50
(a) |
550,000 |
402,178 |
3.80%,
10/01/51
(a) |
250,000 |
200,413 |
3.50%,
02/14/53
(a) |
400,000 |
302,038 |
3.88%,
02/01/55
(a) |
150,000 |
119,191 |
3.95%,
08/15/59
(a) |
175,000 |
138,077 |
3.84%,
03/20/60
(a) |
600,000 |
467,198 |
3.55%,
05/20/61
(a) |
200,000 |
146,436 |
2.97%,
09/16/62
(a) |
400,000 |
257,663 |
4.10%,
09/15/67
(a) |
225,000 |
178,127 |
3.75%,
02/05/70
(a) |
250,000 |
182,868 |
3.80%,
04/06/71
(a) |
350,000 |
259,389 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
United
Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%,
04/11/24
|
151,208 |
147,737 |
United
Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%,
08/15/25
|
361,864 |
336,881 |
United
Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%,
04/11/26
|
85,353 |
78,596 |
United
Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%,
09/03/26
|
202,442 |
185,702 |
United
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%,
07/07/28
|
294,468 |
262,535 |
United
Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%,
10/07/28
|
125,067 |
106,997 |
United
Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%,
03/01/30
|
202,278 |
174,539 |
United
Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%,
08/25/31
|
193,302 |
171,474 |
United
Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%,
05/01/32
|
176,905 |
143,273 |
United
Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%,
10/15/27
|
59,279 |
58,479 |
United
Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%,
01/15/26
|
228,600 |
216,547 |
United
Parcel Service, Inc. | ||
2.20%,
09/01/24
(a) |
150,000 |
144,094 |
2.80%,
11/15/24
(a) |
50,000 |
48,300 |
3.90%,
04/01/25
(a) |
350,000 |
345,072 |
3.05%,
11/15/27
(a) |
250,000 |
235,485 |
3.40%,
03/15/29
(a) |
100,000 |
93,165 |
2.50%,
09/01/29
(a) |
150,000 |
130,773 |
4.45%,
04/01/30
(a) |
325,000 |
320,445 |
6.20%,
01/15/38
|
400,000 |
443,376 |
5.20%,
04/01/40
(a) |
200,000 |
199,983 |
4.88%,
11/15/40
(a) |
100,000 |
97,059 |
3.63%,
10/01/42
|
100,000 |
83,240 |
3.40%,
11/15/46
(a) |
200,000 |
154,572 |
3.75%,
11/15/47
(a) |
300,000 |
246,390 |
4.25%,
03/15/49
(a) |
210,000 |
186,892 |
3.40%,
09/01/49
(a) |
200,000 |
155,091 |
5.30%,
04/01/50
(a) |
350,000 |
364,693 |
|
|
37,361,568 |
|
|
942,001,444 |
| ||
Utility
2.0%
| ||
Electric
1.8%
| ||
AEP
Texas, Inc. | ||
3.95%,
06/01/28
(a) |
95,000 |
89,157 |
2.10%,
07/01/30
(a) |
300,000 |
243,411 |
4.15%,
05/01/49
(a) |
200,000 |
157,879 |
3.45%,
01/15/50
(a) |
200,000 |
141,856 |
5.25%,
05/15/52
(a) |
175,000 |
168,607 |
AEP
Transmission Co. LLC | ||
3.75%,
12/01/47
(a) |
250,000 |
194,658 |
4.25%,
09/15/48
(a) |
210,000 |
174,707 |
3.80%,
06/15/49
(a) |
100,000 |
78,545 |
3.65%,
04/01/50
(a) |
150,000 |
115,301 |
AES
Corp. | ||
1.38%,
01/15/26
(a) |
200,000 |
178,842 |
2.45%,
01/15/31
(a) |
350,000 |
278,388 |
Alabama
Power Co. | ||
1.45%,
09/15/30
(a) |
250,000 |
195,098 |
3.94%,
09/01/32
(a) |
200,000 |
183,780 |
6.00%,
03/01/39
|
225,000 |
234,631 |
3.85%,
12/01/42
|
150,000 |
120,820 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.30%,
01/02/46
(a) |
150,000 |
124,985 |
3.70%,
12/01/47
(a) |
200,000 |
154,080 |
4.30%,
07/15/48
(a) |
100,000 |
83,982 |
3.45%,
10/01/49
(a) |
200,000 |
144,841 |
3.13%,
07/15/51
(a) |
275,000 |
189,880 |
3.00%,
03/15/52
(a) |
150,000 |
100,157 |
Ameren
Corp. | ||
2.50%,
09/15/24
(a) |
250,000 |
239,170 |
3.65%,
02/15/26
(a) |
400,000 |
383,805 |
3.50%,
01/15/31
(a) |
300,000 |
265,515 |
Ameren
Illinois Co. | ||
3.85%,
09/01/32
(a) |
200,000 |
187,116 |
4.15%,
03/15/46
(a) |
175,000 |
148,078 |
3.70%,
12/01/47
(a) |
150,000 |
119,526 |
4.50%,
03/15/49
(a) |
150,000 |
138,592 |
3.25%,
03/15/50
(a) |
100,000 |
72,311 |
American
Electric Power Co., Inc. | ||
3.20%,
11/13/27
(a) |
50,000 |
46,014 |
4.30%,
12/01/28
(a) |
400,000 |
382,581 |
2.30%,
03/01/30
(a) |
200,000 |
164,071 |
5.95%,
11/01/32
(a) |
200,000 |
209,437 |
3.25%,
03/01/50
(a) |
150,000 |
101,410 |
3.88%,
02/15/62
(a)(b) |
200,000 |
157,583 |
Appalachian
Power Co. | ||
3.40%,
06/01/25
(a) |
300,000 |
290,496 |
3.30%,
06/01/27
(a) |
300,000 |
282,746 |
7.00%,
04/01/38
|
210,000 |
235,224 |
4.45%,
06/01/45
(a) |
150,000 |
124,194 |
4.50%,
03/01/49
(a) |
150,000 |
124,578 |
3.70%,
05/01/50
(a) |
200,000 |
147,082 |
Arizona
Public Service Co. | ||
3.15%,
05/15/25
(a) |
250,000 |
239,066 |
5.05%,
09/01/41
(a) |
100,000 |
89,458 |
4.35%,
11/15/45
(a) |
175,000 |
138,417 |
3.75%,
05/15/46
(a) |
100,000 |
70,994 |
4.20%,
08/15/48
(a) |
100,000 |
76,700 |
4.25%,
03/01/49
(a) |
150,000 |
115,190 |
3.35%,
05/15/50
(a) |
300,000 |
199,848 |
2.65%,
09/15/50
(a) |
250,000 |
145,128 |
Avangrid,
Inc. | ||
3.15%,
12/01/24
(a) |
300,000 |
288,143 |
3.20%,
04/15/25
(a) |
175,000 |
167,483 |
3.80%,
06/01/29
(a) |
195,000 |
177,462 |
Avista
Corp. | ||
4.35%,
06/01/48
(a) |
150,000 |
125,944 |
Baltimore
Gas and Electric Co. | ||
6.35%,
10/01/36
|
100,000 |
107,269 |
3.50%,
08/15/46
(a) |
250,000 |
188,376 |
3.75%,
08/15/47
(a) |
175,000 |
136,294 |
4.25%,
09/15/48
(a) |
150,000 |
126,571 |
3.20%,
09/15/49
(a) |
100,000 |
70,963 |
2.90%,
06/15/50
(a) |
150,000 |
100,120 |
Berkshire
Hathaway Energy Co. | ||
3.50%,
02/01/25
(a) |
150,000 |
147,472 |
4.05%,
04/15/25
(a) |
600,000 |
591,716 |
3.25%,
04/15/28
(a) |
325,000 |
301,554 |
3.70%,
07/15/30
(a) |
200,000 |
183,549 |
6.13%,
04/01/36
|
500,000 |
526,190 |
5.95%,
05/15/37
|
150,000 |
155,619 |
5.15%,
11/15/43
(a) |
260,000 |
248,657 |
4.50%,
02/01/45
(a) |
250,000 |
217,883 |
3.80%,
07/15/48
(a) |
250,000 |
194,044 |
4.45%,
01/15/49
(a) |
300,000 |
260,177 |
4.25%,
10/15/50
(a) |
200,000 |
167,139 |
2.85%,
05/15/51
(a) |
350,000 |
230,408 |
4.60%,
05/01/53
(a)(c) |
300,000 |
263,975 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Black
Hills Corp. | ||
1.04%,
08/23/24
(a) |
200,000 |
186,784 |
3.05%,
10/15/29
(a) |
150,000 |
127,899 |
2.50%,
06/15/30
(a) |
200,000 |
161,365 |
4.35%,
05/01/33
(a) |
150,000 |
132,835 |
4.20%,
09/15/46
(a) |
100,000 |
76,602 |
3.88%,
10/15/49
(a) |
100,000 |
71,676 |
CenterPoint
Energy Houston Electric LLC | ||
2.40%,
09/01/26
(a) |
100,000 |
91,860 |
3.00%,
03/01/32
(a) |
250,000 |
216,885 |
4.45%,
10/01/32
(a) |
200,000 |
193,660 |
6.95%,
03/15/33
|
50,000 |
56,388 |
3.55%,
08/01/42
(a) |
128,000 |
101,675 |
3.95%,
03/01/48
(a) |
200,000 |
164,749 |
4.25%,
02/01/49
(a) |
250,000 |
218,848 |
2.90%,
07/01/50
(a) |
150,000 |
101,646 |
3.60%,
03/01/52
(a) |
250,000 |
193,408 |
CenterPoint
Energy, Inc. | ||
2.50%,
09/01/24
(a) |
200,000 |
192,095 |
4.25%,
11/01/28
(a) |
120,000 |
113,281 |
2.95%,
03/01/30
(a) |
400,000 |
344,432 |
3.70%,
09/01/49
(a) |
200,000 |
150,718 |
Cleco
Corporate Holdings LLC | ||
3.74%,
05/01/26
(a) |
170,000 |
160,818 |
4.97%,
05/01/46
(a) |
100,000 |
85,129 |
CMS
Energy Corp. | ||
3.00%,
05/15/26
(a) |
350,000 |
327,050 |
3.45%,
08/15/27
(a) |
200,000 |
185,591 |
4.88%,
03/01/44
(a) |
100,000 |
91,198 |
Commonwealth
Edison Co. | ||
2.55%,
06/15/26
(a) |
123,000 |
114,474 |
3.70%,
08/15/28
(a) |
600,000 |
566,020 |
6.45%,
01/15/38
|
300,000 |
331,171 |
3.80%,
10/01/42
(a) |
200,000 |
163,637 |
4.60%,
08/15/43
(a) |
150,000 |
135,856 |
4.70%,
01/15/44
(a) |
150,000 |
137,078 |
3.70%,
03/01/45
(a) |
100,000 |
78,155 |
4.35%,
11/15/45
(a) |
150,000 |
128,884 |
3.65%,
06/15/46
(a) |
250,000 |
190,002 |
3.75%,
08/15/47
(a) |
200,000 |
156,907 |
4.00%,
03/01/48
(a) |
150,000 |
123,899 |
4.00%,
03/01/49
(a) |
200,000 |
163,225 |
3.20%,
11/15/49
(a) |
100,000 |
71,403 |
3.00%,
03/01/50
(a) |
300,000 |
206,749 |
3.13%,
03/15/51
(a) |
250,000 |
174,453 |
Connecticut
Light and Power Co. | ||
0.75%,
12/01/25
(a) |
50,000 |
44,794 |
3.20%,
03/15/27
(a) |
200,000 |
188,326 |
2.05%,
07/01/31
(a) |
350,000 |
282,786 |
4.30%,
04/15/44
(a) |
150,000 |
129,409 |
4.00%,
04/01/48
(a) |
250,000 |
209,221 |
Consolidated
Edison Co. of New York, Inc. | ||
4.00%,
12/01/28
(a) |
200,000 |
191,539 |
3.35%,
04/01/30
(a) |
400,000 |
359,868 |
5.30%,
03/01/35
|
150,000 |
148,015 |
5.85%,
03/15/36
|
150,000 |
152,611 |
6.75%,
04/01/38
|
200,000 |
219,975 |
5.50%,
12/01/39
|
250,000 |
245,640 |
5.70%,
06/15/40
|
150,000 |
149,678 |
4.20%,
03/15/42
|
100,000 |
83,749 |
3.95%,
03/01/43
(a) |
300,000 |
240,396 |
4.45%,
03/15/44
(a) |
275,000 |
237,041 |
4.50%,
12/01/45
(a) |
200,000 |
171,475 |
3.88%,
06/15/47
(a) |
250,000 |
193,948 |
4.13%,
05/15/49
(a) |
200,000 |
163,302 |
3.95%,
04/01/50
(a) |
350,000 |
278,375 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.63%,
12/01/54
(a) |
250,000 |
214,266 |
4.30%,
12/01/56
(a) |
200,000 |
162,080 |
4.00%,
11/15/57
(a) |
150,000 |
115,250 |
4.50%,
05/15/58
(a) |
290,000 |
243,338 |
3.70%,
11/15/59
(a) |
250,000 |
180,590 |
3.00%,
12/01/60
(a) |
200,000 |
125,728 |
3.60%,
06/15/61
(a) |
200,000 |
144,130 |
Constellation
Energy Generation LLC | ||
3.25%,
06/01/25
(a) |
250,000 |
239,767 |
Consumers
Energy Co. | ||
3.95%,
05/15/43
(a) |
250,000 |
207,138 |
4.05%,
05/15/48
(a) |
200,000 |
167,097 |
4.35%,
04/15/49
(a) |
200,000 |
176,808 |
3.75%,
02/15/50
(a) |
150,000 |
118,339 |
3.10%,
08/15/50
(a) |
300,000 |
210,060 |
3.50%,
08/01/51
(a) |
100,000 |
76,404 |
2.50%,
05/01/60
(a) |
350,000 |
199,246 |
Dayton
Power & Light Co. | ||
3.95%,
06/15/49
(a) |
150,000 |
117,234 |
Delmarva
Power & Light Co. | ||
4.15%,
05/15/45
(a) |
200,000 |
162,684 |
Dominion
Energy South Carolina, Inc. | ||
2.30%,
12/01/31
(a) |
150,000 |
121,090 |
5.30%,
05/15/33
|
100,000 |
101,067 |
6.05%,
01/15/38
|
250,000 |
263,505 |
5.45%,
02/01/41
(a) |
100,000 |
98,691 |
5.10%,
06/01/65
(a) |
200,000 |
186,544 |
Dominion
Energy, Inc. | ||
3.07%,
08/15/24
|
225,000 |
217,079 |
3.90%,
10/01/25
(a) |
200,000 |
195,065 |
2.85%,
08/15/26
(a) |
300,000 |
277,673 |
3.60%,
03/15/27
(a) |
200,000 |
188,491 |
4.25%,
06/01/28
(a) |
350,000 |
334,172 |
3.38%,
04/01/30
(a) |
300,000 |
264,760 |
5.38%,
11/15/32
(a) |
250,000 |
248,715 |
6.30%,
03/15/33
|
45,000 |
47,559 |
5.25%,
08/01/33
|
300,000 |
294,401 |
5.95%,
06/15/35
|
150,000 |
151,157 |
7.00%,
06/15/38
|
100,000 |
107,335 |
4.90%,
08/01/41
(a) |
200,000 |
177,139 |
4.05%,
09/15/42
(a) |
200,000 |
157,088 |
4.70%,
12/01/44
(a) |
150,000 |
128,003 |
4.60%,
03/15/49
(a) |
150,000 |
128,042 |
5.75%,
10/01/54
(a)(b) |
100,000 |
94,391 |
DTE
Electric Co. | ||
3.38%,
03/01/25
(a) |
150,000 |
145,707 |
2.25%,
03/01/30
(a) |
200,000 |
168,809 |
2.63%,
03/01/31
(a) |
300,000 |
255,257 |
4.00%,
04/01/43
(a) |
125,000 |
104,347 |
4.30%,
07/01/44
(a) |
150,000 |
130,277 |
3.70%,
03/15/45
(a) |
150,000 |
119,333 |
3.70%,
06/01/46
(a) |
100,000 |
78,100 |
3.75%,
08/15/47
(a) |
100,000 |
79,077 |
4.05%,
05/15/48
(a) |
175,000 |
146,082 |
3.95%,
03/01/49
(a) |
239,000 |
197,001 |
2.95%,
03/01/50
(a) |
50,000 |
34,362 |
3.25%,
04/01/51
(a) |
200,000 |
144,604 |
DTE
Energy Co. | ||
2.53%,
10/01/24
|
170,000 |
162,599 |
4.22%,
11/01/24
|
400,000 |
394,052 |
2.85%,
10/01/26
(a) |
320,000 |
295,414 |
3.40%,
06/15/29
(a) |
250,000 |
222,932 |
2.95%,
03/01/30
(a) |
300,000 |
256,126 |
Duke
Energy Carolinas LLC | ||
3.95%,
11/15/28
(a) |
236,000 |
227,199 |
2.45%,
02/01/30
(a) |
250,000 |
213,725 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.45%,
10/15/32
|
100,000 |
108,069 |
6.10%,
06/01/37
|
150,000 |
156,850 |
6.00%,
01/15/38
|
200,000 |
210,440 |
6.05%,
04/15/38
|
250,000 |
264,458 |
5.30%,
02/15/40
|
250,000 |
248,176 |
4.25%,
12/15/41
(a) |
250,000 |
216,951 |
4.00%,
09/30/42
(a) |
200,000 |
165,645 |
3.75%,
06/01/45
(a) |
200,000 |
155,733 |
3.88%,
03/15/46
(a) |
150,000 |
118,601 |
3.70%,
12/01/47
(a) |
200,000 |
154,960 |
3.95%,
03/15/48
(a) |
200,000 |
161,455 |
3.20%,
08/15/49
(a) |
300,000 |
211,884 |
3.45%,
04/15/51
(a) |
150,000 |
110,651 |
Duke
Energy Corp. | ||
3.75%,
04/15/24
(a) |
440,000 |
432,499 |
0.90%,
09/15/25
(a) |
200,000 |
179,186 |
2.65%,
09/01/26
(a) |
500,000 |
462,605 |
3.15%,
08/15/27
(a) |
400,000 |
369,677 |
3.40%,
06/15/29
(a) |
200,000 |
179,693 |
2.45%,
06/01/30
(a) |
500,000 |
412,533 |
2.55%,
06/15/31
(a) |
500,000 |
408,794 |
4.50%,
08/15/32
(a) |
250,000 |
235,341 |
4.80%,
12/15/45
(a) |
100,000 |
88,016 |
3.75%,
09/01/46
(a) |
200,000 |
149,310 |
3.95%,
08/15/47
(a) |
175,000 |
133,029 |
4.20%,
06/15/49
(a) |
200,000 |
159,096 |
3.50%,
06/15/51
(a) |
250,000 |
175,988 |
5.00%,
08/15/52
(a) |
250,000 |
224,453 |
3.25%,
01/15/82
(a)(b) |
100,000 |
73,759 |
Duke
Energy Florida LLC | ||
3.80%,
07/15/28
(a) |
100,000 |
95,108 |
2.50%,
12/01/29
(a) |
150,000 |
128,676 |
1.75%,
06/15/30
(a) |
275,000 |
219,565 |
6.35%,
09/15/37
|
150,000 |
162,128 |
6.40%,
06/15/38
|
300,000 |
331,338 |
5.65%,
04/01/40
|
325,000 |
329,164 |
3.85%,
11/15/42
(a) |
150,000 |
120,904 |
3.40%,
10/01/46
(a) |
300,000 |
216,451 |
4.20%,
07/15/48
(a) |
100,000 |
84,392 |
Duke
Energy Indiana LLC | ||
6.12%,
10/15/35
|
100,000 |
102,955 |
6.35%,
08/15/38
|
200,000 |
217,175 |
6.45%,
04/01/39
|
200,000 |
216,494 |
4.90%,
07/15/43
(a) |
75,000 |
69,632 |
3.75%,
05/15/46
(a) |
150,000 |
117,133 |
3.25%,
10/01/49
(a) |
150,000 |
104,784 |
Duke
Energy Ohio, Inc. | ||
3.65%,
02/01/29
(a) |
150,000 |
139,974 |
2.13%,
06/01/30
(a) |
200,000 |
164,047 |
3.70%,
06/15/46
(a) |
50,000 |
37,274 |
4.30%,
02/01/49
(a) |
150,000 |
123,946 |
Duke
Energy Progress LLC | ||
3.25%,
08/15/25
(a) |
350,000 |
337,077 |
2.00%,
08/15/31
(a) |
200,000 |
158,813 |
6.30%,
04/01/38
|
200,000 |
216,690 |
4.10%,
05/15/42
(a) |
200,000 |
168,600 |
4.10%,
03/15/43
(a) |
100,000 |
84,030 |
4.38%,
03/30/44
(a) |
200,000 |
172,938 |
4.15%,
12/01/44
(a) |
200,000 |
167,663 |
4.20%,
08/15/45
(a) |
50,000 |
41,967 |
3.70%,
10/15/46
(a) |
200,000 |
153,320 |
3.60%,
09/15/47
(a) |
250,000 |
188,658 |
2.50%,
08/15/50
(a) |
250,000 |
151,619 |
2.90%,
08/15/51
(a) |
150,000 |
98,965 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Edison
International | ||
3.55%,
11/15/24
(a) |
325,000 |
314,317 |
5.75%,
06/15/27
(a) |
300,000 |
301,295 |
4.13%,
03/15/28
(a) |
200,000 |
185,740 |
6.95%,
11/15/29
(a) |
150,000 |
157,415 |
El
Paso Electric Co. | ||
6.00%,
05/15/35
|
169,000 |
165,107 |
5.00%,
12/01/44
(a) |
50,000 |
43,939 |
Emera
US Finance LP | ||
3.55%,
06/15/26
(a) |
287,000 |
269,800 |
2.64%,
06/15/31
(a) |
100,000 |
78,517 |
4.75%,
06/15/46
(a) |
400,000 |
311,927 |
Enel
Americas S.A. | ||
4.00%,
10/25/26
(a) |
250,000 |
237,927 |
Enel
Chile S.A. | ||
4.88%,
06/12/28
(a) |
300,000 |
293,104 |
Enel
Generacion Chile S.A. | ||
4.25%,
04/15/24
(a) |
150,000 |
147,699 |
Entergy
Arkansas LLC | ||
3.50%,
04/01/26
(a) |
250,000 |
240,550 |
4.20%,
04/01/49
(a) |
175,000 |
144,888 |
2.65%,
06/15/51
(a) |
250,000 |
153,991 |
Entergy
Corp. | ||
0.90%,
09/15/25
(a) |
300,000 |
267,732 |
2.95%,
09/01/26
(a) |
250,000 |
232,962 |
2.80%,
06/15/30
(a) |
250,000 |
211,026 |
2.40%,
06/15/31
(a) |
300,000 |
238,349 |
3.75%,
06/15/50
(a) |
200,000 |
148,075 |
Entergy
Louisiana LLC | ||
0.95%,
10/01/24
(a) |
200,000 |
186,436 |
5.40%,
11/01/24
|
150,000 |
151,571 |
2.40%,
10/01/26
(a) |
350,000 |
318,830 |
3.12%,
09/01/27
(a) |
200,000 |
184,930 |
3.25%,
04/01/28
(a) |
200,000 |
182,601 |
1.60%,
12/15/30
(a) |
150,000 |
115,581 |
4.00%,
03/15/33
(a) |
211,000 |
190,674 |
4.95%,
01/15/45
(a) |
125,000 |
111,596 |
4.20%,
09/01/48
(a) |
350,000 |
288,274 |
4.20%,
04/01/50
(a) |
200,000 |
163,374 |
2.90%,
03/15/51
(a) |
200,000 |
130,071 |
Entergy
Mississippi LLC | ||
3.85%,
06/01/49
(a) |
225,000 |
173,347 |
Entergy
Texas, Inc. | ||
4.00%,
03/30/29
(a) |
197,000 |
186,615 |
1.75%,
03/15/31
(a) |
250,000 |
196,392 |
3.55%,
09/30/49
(a) |
200,000 |
145,093 |
Evergy
Kansas Central, Inc. | ||
3.10%,
04/01/27
(a) |
300,000 |
280,354 |
4.13%,
03/01/42
(a) |
150,000 |
124,805 |
4.10%,
04/01/43
(a) |
150,000 |
123,963 |
4.25%,
12/01/45
(a) |
100,000 |
81,935 |
3.25%,
09/01/49
(a) |
125,000 |
87,151 |
3.45%,
04/15/50
(a) |
100,000 |
72,719 |
Evergy
Metro, Inc. | ||
5.30%,
10/01/41
(a) |
50,000 |
48,078 |
4.20%,
06/15/47
(a) |
95,000 |
77,778 |
4.20%,
03/15/48
(a) |
50,000 |
39,952 |
4.13%,
04/01/49
(a) |
100,000 |
80,782 |
Evergy,
Inc. | ||
2.45%,
09/15/24
(a) |
350,000 |
332,922 |
2.90%,
09/15/29
(a) |
250,000 |
216,431 |
Eversource
Energy | ||
4.20%,
06/27/24
|
250,000 |
247,154 |
2.90%,
03/01/27
(a) |
200,000 |
184,553 |
3.30%,
01/15/28
(a) |
250,000 |
231,225 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.65%,
08/15/30
(a) |
400,000 |
311,627 |
2.55%,
03/15/31
(a) |
250,000 |
206,359 |
3.38%,
03/01/32
(a) |
200,000 |
174,122 |
3.45%,
01/15/50
(a) |
200,000 |
146,913 |
Exelon
Corp. | ||
3.95%,
06/15/25
(a) |
150,000 |
146,712 |
3.40%,
04/15/26
(a) |
100,000 |
95,166 |
2.75%,
03/15/27
(a) |
200,000 |
183,715 |
4.05%,
04/15/30
(a) |
450,000 |
419,429 |
3.35%,
03/15/32
(a) |
200,000 |
174,257 |
4.95%,
06/15/35
(a)(c) |
275,000 |
264,068 |
5.63%,
06/15/35
|
250,000 |
255,211 |
5.10%,
06/15/45
(a) |
200,000 |
186,347 |
4.45%,
04/15/46
(a) |
100,000 |
84,975 |
4.70%,
04/15/50
(a) |
250,000 |
219,963 |
Exelon
Generation Co. LLC | ||
6.25%,
10/01/39
|
300,000 |
307,846 |
5.75%,
10/01/41
(a) |
100,000 |
96,498 |
5.60%,
06/15/42
(a) |
225,000 |
217,363 |
Florida
Power & Light Co. | ||
3.25%,
06/01/24
(a) |
300,000 |
293,265 |
2.85%,
04/01/25
(a) |
400,000 |
383,631 |
3.13%,
12/01/25
(a) |
350,000 |
338,088 |
4.95%,
06/01/35
|
150,000 |
147,995 |
5.95%,
02/01/38
|
150,000 |
159,856 |
5.96%,
04/01/39
|
250,000 |
267,082 |
5.69%,
03/01/40
|
100,000 |
103,998 |
5.25%,
02/01/41
(a) |
100,000 |
99,978 |
4.13%,
02/01/42
(a) |
150,000 |
130,232 |
4.05%,
06/01/42
(a) |
200,000 |
172,368 |
3.80%,
12/15/42
(a) |
275,000 |
227,860 |
4.05%,
10/01/44
(a) |
100,000 |
85,128 |
3.70%,
12/01/47
(a) |
55,000 |
44,333 |
3.95%,
03/01/48
(a) |
250,000 |
207,993 |
4.13%,
06/01/48
(a) |
250,000 |
213,483 |
3.99%,
03/01/49
(a) |
250,000 |
211,525 |
3.15%,
10/01/49
(a) |
250,000 |
181,823 |
2.88%,
12/04/51
(a) |
400,000 |
272,496 |
Fortis,
Inc. | ||
3.06%,
10/04/26
(a) |
310,000 |
288,781 |
Georgia
Power Co. | ||
2.20%,
09/15/24
(a) |
150,000 |
143,161 |
3.25%,
04/01/26
(a) |
150,000 |
142,263 |
3.25%,
03/30/27
(a) |
100,000 |
92,613 |
2.65%,
09/15/29
(a) |
100,000 |
85,465 |
4.70%,
05/15/32
(a) |
250,000 |
241,185 |
4.75%,
09/01/40
|
100,000 |
90,751 |
4.30%,
03/15/42
|
275,000 |
236,427 |
4.30%,
03/15/43
|
200,000 |
167,174 |
3.70%,
01/30/50
(a) |
225,000 |
168,736 |
3.25%,
03/15/51
(a) |
150,000 |
103,640 |
5.13%,
05/15/52
(a) |
250,000 |
235,661 |
Iberdrola
International BV | ||
6.75%,
07/15/36
|
200,000 |
212,855 |
Idaho
Power Co. | ||
4.20%,
03/01/48
(a) |
200,000 |
164,456 |
Indiana
Michigan Power Co. | ||
3.85%,
05/15/28
(a) |
50,000 |
47,304 |
4.55%,
03/15/46
(a) |
100,000 |
84,141 |
3.75%,
07/01/47
(a) |
175,000 |
129,964 |
4.25%,
08/15/48
(a) |
300,000 |
244,245 |
Interstate
Power and Light Co. | ||
3.25%,
12/01/24
(a) |
200,000 |
193,472 |
4.10%,
09/26/28
(a) |
250,000 |
238,436 |
2.30%,
06/01/30
(a) |
300,000 |
244,838 |
3.70%,
09/15/46
(a) |
50,000 |
36,585 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.50%,
09/30/49
(a) |
150,000 |
107,952 |
3.10%,
11/30/51
(a) |
75,000 |
49,148 |
IPALCO
Enterprises, Inc. | ||
4.25%,
05/01/30
(a) |
200,000 |
178,321 |
ITC
Holdings Corp. | ||
3.25%,
06/30/26
(a) |
220,000 |
206,766 |
3.35%,
11/15/27
(a) |
100,000 |
92,222 |
5.30%,
07/01/43
(a) |
100,000 |
89,805 |
Kentucky
Utilities Co. | ||
5.13%,
11/01/40
(a) |
250,000 |
237,510 |
4.38%,
10/01/45
(a) |
150,000 |
127,400 |
3.30%,
06/01/50
(a) |
150,000 |
106,249 |
Louisville
Gas and Electric Co. | ||
4.25%,
04/01/49
(a) |
150,000 |
125,654 |
MidAmerican
Energy Co. | ||
3.10%,
05/01/27
(a) |
50,000 |
46,926 |
3.65%,
04/15/29
(a) |
200,000 |
187,833 |
6.75%,
12/30/31
|
200,000 |
225,429 |
5.80%,
10/15/36
|
200,000 |
210,272 |
4.80%,
09/15/43
(a) |
200,000 |
187,613 |
4.40%,
10/15/44
(a) |
125,000 |
110,256 |
4.25%,
05/01/46
(a) |
150,000 |
127,531 |
3.95%,
08/01/47
(a) |
250,000 |
206,300 |
3.65%,
08/01/48
(a) |
250,000 |
197,219 |
4.25%,
07/15/49
(a) |
300,000 |
258,293 |
Mississippi
Power Co. | ||
3.95%,
03/30/28
(a) |
250,000 |
234,946 |
4.25%,
03/15/42
|
100,000 |
81,416 |
3.10%,
07/30/51
(a) |
100,000 |
64,140 |
National
Rural Utilities Cooperative Finance Corp. | ||
2.95%,
02/07/24
(a) |
410,000 |
401,171 |
3.25%,
11/01/25
(a) |
400,000 |
381,752 |
3.40%,
02/07/28
(a) |
350,000 |
325,022 |
3.90%,
11/01/28
(a) |
250,000 |
235,206 |
3.70%,
03/15/29
(a) |
200,000 |
184,435 |
2.40%,
03/15/30
(a) |
150,000 |
125,097 |
1.35%,
03/15/31
(a) |
250,000 |
185,619 |
1.65%,
06/15/31
(a) |
150,000 |
114,644 |
8.00%,
03/01/32
|
200,000 |
236,579 |
4.15%,
12/15/32
(a) |
200,000 |
185,277 |
5.25%,
04/20/46
(a)(b) |
250,000 |
226,958 |
4.40%,
11/01/48
(a) |
150,000 |
126,120 |
4.30%,
03/15/49
(a) |
100,000 |
83,768 |
Nevada
Power Co. | ||
3.70%,
05/01/29
(a) |
250,000 |
235,756 |
6.65%,
04/01/36
|
250,000 |
273,720 |
3.13%,
08/01/50
(a) |
200,000 |
135,841 |
NextEra
Energy Capital Holdings, Inc. | ||
4.20%,
06/20/24
|
400,000 |
395,525 |
4.45%,
06/20/25
|
300,000 |
296,913 |
1.88%,
01/15/27
(a) |
350,000 |
310,320 |
3.55%,
05/01/27
(a) |
450,000 |
424,908 |
4.63%,
07/15/27
(a) |
300,000 |
296,045 |
1.90%,
06/15/28
(a) |
500,000 |
428,530 |
3.50%,
04/01/29
(a) |
300,000 |
273,441 |
2.75%,
11/01/29
(a) |
350,000 |
303,367 |
2.25%,
06/01/30
(a) |
650,000 |
535,705 |
2.44%,
01/15/32
(a) |
350,000 |
282,758 |
5.00%,
07/15/32
(a) |
300,000 |
295,770 |
3.00%,
01/15/52
(a) |
200,000 |
132,596 |
4.80%,
12/01/77
(a)(b) |
250,000 |
206,139 |
Northern
States Power Co. | ||
6.25%,
06/01/36
|
270,000 |
291,448 |
6.20%,
07/01/37
|
150,000 |
162,124 |
5.35%,
11/01/39
|
200,000 |
201,558 |
3.40%,
08/15/42
(a) |
145,000 |
113,585 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.00%,
08/15/45
(a) |
100,000 |
82,270 |
3.60%,
05/15/46
(a) |
200,000 |
155,916 |
3.60%,
09/15/47
(a) |
250,000 |
193,848 |
2.90%,
03/01/50
(a) |
200,000 |
137,855 |
2.60%,
06/01/51
(a) |
175,000 |
112,296 |
NorthWestern
Corp. | ||
4.18%,
11/15/44
(a) |
160,000 |
130,218 |
NSTAR
Electric Co. | ||
3.20%,
05/15/27
(a) |
350,000 |
329,389 |
3.25%,
05/15/29
(a) |
250,000 |
227,531 |
1.95%,
08/15/31
(a) |
150,000 |
119,410 |
5.50%,
03/15/40
|
100,000 |
101,446 |
4.40%,
03/01/44
(a) |
150,000 |
131,475 |
3.10%,
06/01/51
(a) |
100,000 |
69,499 |
Oglethorpe
Power Corp. | ||
5.95%,
11/01/39
|
150,000 |
145,379 |
5.38%,
11/01/40
|
200,000 |
181,663 |
5.05%,
10/01/48
(a) |
200,000 |
172,827 |
3.75%,
08/01/50
(a) |
150,000 |
108,125 |
5.25%,
09/01/50
|
50,000 |
44,150 |
Ohio
Edison Co. | ||
6.88%,
07/15/36
|
100,000 |
108,419 |
Ohio
Power Co. | ||
2.60%,
04/01/30
(a) |
200,000 |
170,358 |
1.63%,
01/15/31
(a) |
200,000 |
155,316 |
4.15%,
04/01/48
(a) |
200,000 |
164,034 |
4.00%,
06/01/49
(a) |
150,000 |
119,052 |
Oklahoma
Gas and Electric Co. | ||
3.30%,
03/15/30
(a) |
125,000 |
110,087 |
3.25%,
04/01/30
(a) |
150,000 |
131,042 |
4.15%,
04/01/47
(a) |
240,000 |
193,448 |
Oncor
Electric Delivery Co. LLC | ||
2.75%,
06/01/24
(a) |
500,000 |
484,447 |
3.70%,
11/15/28
(a) |
265,000 |
250,407 |
5.75%,
03/15/29
(a) |
73,000 |
75,921 |
4.15%,
06/01/32
(a)(c) |
150,000 |
142,993 |
4.55%,
09/15/32
(a)(c) |
200,000 |
196,182 |
7.50%,
09/01/38
|
100,000 |
121,874 |
5.25%,
09/30/40
|
200,000 |
199,017 |
4.55%,
12/01/41
(a) |
150,000 |
137,193 |
3.75%,
04/01/45
(a) |
250,000 |
201,785 |
3.80%,
09/30/47
(a) |
200,000 |
163,371 |
4.10%,
11/15/48
(a) |
150,000 |
127,758 |
3.80%,
06/01/49
(a) |
150,000 |
121,901 |
3.10%,
09/15/49
(a) |
250,000 |
178,008 |
3.70%,
05/15/50
(a) |
150,000 |
119,811 |
4.60%,
06/01/52
(a)(c) |
150,000 |
138,177 |
5.35%,
10/01/52
(a) |
150,000 |
153,760 |
Pacific
Gas and Electric Co. | ||
3.75%,
02/15/24
(a) |
150,000 |
146,926 |
3.50%,
06/15/25
(a) |
250,000 |
237,119 |
3.45%,
07/01/25
|
300,000 |
285,044 |
3.15%,
01/01/26
|
550,000 |
512,538 |
2.95%,
03/01/26
(a) |
225,000 |
207,463 |
3.30%,
03/15/27
(a) |
100,000 |
89,702 |
2.10%,
08/01/27
(a) |
350,000 |
300,320 |
3.30%,
12/01/27
(a) |
450,000 |
399,044 |
3.00%,
06/15/28
(a) |
250,000 |
217,819 |
3.75%,
07/01/28
|
375,000 |
335,140 |
4.65%,
08/01/28
(a) |
100,000 |
92,395 |
4.55%,
07/01/30
(a) |
1,000,000 |
908,552 |
2.50%,
02/01/31
(a) |
700,000 |
545,435 |
3.25%,
06/01/31
(a) |
350,000 |
285,130 |
4.40%,
03/01/32
(a) |
200,000 |
175,925 |
5.90%,
06/15/32
(a) |
200,000 |
195,517 |
4.50%,
07/01/40
(a) |
350,000 |
274,165 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.30%,
08/01/40
(a) |
350,000 |
239,028 |
4.20%,
06/01/41
(a) |
100,000 |
75,125 |
4.45%,
04/15/42
(a) |
150,000 |
112,650 |
3.75%,
08/15/42
(a) |
100,000 |
67,350 |
4.60%,
06/15/43
(a) |
150,000 |
114,491 |
4.75%,
02/15/44
(a) |
100,000 |
77,926 |
4.30%,
03/15/45
(a) |
150,000 |
107,733 |
4.25%,
03/15/46
(a) |
175,000 |
124,054 |
4.00%,
12/01/46
(a) |
200,000 |
136,480 |
4.95%,
07/01/50
(a) |
775,000 |
607,880 |
3.50%,
08/01/50
(a) |
600,000 |
378,477 |
PacifiCorp | ||
3.50%,
06/15/29
(a) |
100,000 |
92,368 |
2.70%,
09/15/30
(a) |
150,000 |
129,435 |
7.70%,
11/15/31
|
175,000 |
205,447 |
5.75%,
04/01/37
|
100,000 |
101,889 |
6.25%,
10/15/37
|
200,000 |
212,992 |
6.35%,
07/15/38
|
200,000 |
216,367 |
6.00%,
01/15/39
|
100,000 |
104,374 |
4.10%,
02/01/42
(a) |
50,000 |
41,535 |
4.13%,
01/15/49
(a) |
175,000 |
144,207 |
4.15%,
02/15/50
(a) |
200,000 |
165,512 |
3.30%,
03/15/51
(a) |
250,000 |
180,464 |
2.90%,
06/15/52
(a) |
200,000 |
131,904 |
PECO
Energy Co. | ||
3.70%,
09/15/47
(a) |
200,000 |
157,549 |
3.90%,
03/01/48
(a) |
200,000 |
164,673 |
3.00%,
09/15/49
(a) |
100,000 |
68,796 |
2.80%,
06/15/50
(a) |
200,000 |
132,266 |
3.05%,
03/15/51
(a) |
50,000 |
34,304 |
2.85%,
09/15/51
(a) |
150,000 |
99,644 |
Pinnacle
West Capital Corp. | ||
1.30%,
06/15/25
(a) |
250,000 |
228,201 |
Potomac
Electric Power Co. | ||
3.60%,
03/15/24
(a) |
250,000 |
245,943 |
4.15%,
03/15/43
(a) |
200,000 |
169,197 |
PPL
Capital Funding, Inc. | ||
3.10%,
05/15/26
(a) |
200,000 |
187,423 |
4.13%,
04/15/30
(a) |
150,000 |
139,510 |
PPL
Electric Utilities Corp. | ||
6.25%,
05/15/39
|
300,000 |
323,603 |
4.75%,
07/15/43
(a) |
100,000 |
91,460 |
4.15%,
06/15/48
(a) |
150,000 |
126,761 |
3.00%,
10/01/49
(a) |
100,000 |
68,663 |
Progress
Energy, Inc. | ||
7.75%,
03/01/31
|
350,000 |
397,550 |
7.00%,
10/30/31
|
60,000 |
65,638 |
6.00%,
12/01/39
|
85,000 |
86,355 |
Public
Service Co. of Colorado | ||
3.70%,
06/15/28
(a) |
150,000 |
143,108 |
1.90%,
01/15/31
(a) |
255,000 |
205,009 |
1.88%,
06/15/31
(a) |
225,000 |
179,496 |
6.25%,
09/01/37
|
200,000 |
218,840 |
3.60%,
09/15/42
(a) |
100,000 |
79,178 |
3.80%,
06/15/47
(a) |
50,000 |
39,766 |
4.05%,
09/15/49
(a) |
150,000 |
123,854 |
3.20%,
03/01/50
(a) |
250,000 |
179,467 |
2.70%,
01/15/51
(a) |
150,000 |
97,032 |
Public
Service Co. of New Hampshire | ||
3.60%,
07/01/49
(a) |
100,000 |
77,857 |
Public
Service Co. of Oklahoma | ||
2.20%,
08/15/31
(a) |
150,000 |
119,549 |
3.15%,
08/15/51
(a) |
150,000 |
99,996 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Public
Service Electric and Gas Co. | ||
3.00%,
05/15/27
(a) |
150,000 |
140,355 |
3.70%,
05/01/28
(a) |
125,000 |
119,383 |
3.20%,
05/15/29
(a) |
200,000 |
181,696 |
2.45%,
01/15/30
(a) |
250,000 |
214,656 |
1.90%,
08/15/31
(a) |
200,000 |
160,012 |
4.90%,
12/15/32
(a) |
200,000 |
200,559 |
3.95%,
05/01/42
(a) |
100,000 |
84,018 |
3.65%,
09/01/42
(a) |
100,000 |
80,254 |
3.80%,
01/01/43
(a) |
125,000 |
102,605 |
3.80%,
03/01/46
(a) |
250,000 |
200,114 |
3.60%,
12/01/47
(a) |
150,000 |
115,445 |
4.05%,
05/01/48
(a) |
150,000 |
124,775 |
3.85%,
05/01/49
(a) |
150,000 |
119,912 |
3.20%,
08/01/49
(a) |
150,000 |
108,533 |
3.15%,
01/01/50
(a) |
25,000 |
17,728 |
2.70%,
05/01/50
(a) |
250,000 |
163,332 |
2.05%,
08/01/50
(a) |
200,000 |
112,161 |
Public
Service Enterprise Group, Inc. | ||
2.88%,
06/15/24
(a) |
450,000 |
435,545 |
0.80%,
08/15/25
(a) |
225,000 |
202,438 |
0.95%,
03/15/26
(a) |
150,000 |
133,379 |
1.60%,
08/15/30
(a) |
350,000 |
272,461 |
Puget
Energy, Inc. | ||
3.65%,
05/15/25
(a) |
150,000 |
143,473 |
4.10%,
06/15/30
(a) |
300,000 |
269,268 |
4.22%,
03/15/32
(a) |
150,000 |
134,343 |
Puget
Sound Energy, Inc. | ||
6.27%,
03/15/37
|
100,000 |
103,445 |
5.80%,
03/15/40
|
125,000 |
125,107 |
5.64%,
04/15/41
(a) |
150,000 |
147,721 |
4.30%,
05/20/45
(a) |
150,000 |
123,030 |
4.22%,
06/15/48
(a) |
250,000 |
205,278 |
3.25%,
09/15/49
(a) |
150,000 |
103,279 |
San
Diego Gas & Electric Co. | ||
2.50%,
05/15/26
(a) |
200,000 |
185,823 |
1.70%,
10/01/30
(a) |
300,000 |
238,208 |
3.75%,
06/01/47
(a) |
125,000 |
98,182 |
4.15%,
05/15/48
(a) |
269,000 |
226,955 |
4.10%,
06/15/49
(a) |
140,000 |
115,123 |
3.32%,
04/15/50
(a) |
200,000 |
143,944 |
3.70%,
03/15/52
(a) |
200,000 |
158,224 |
Sierra
Pacific Power Co. | ||
2.60%,
05/01/26
(a) |
200,000 |
185,866 |
Southern
California Edison Co. | ||
0.98%,
08/01/24
|
200,000 |
187,263 |
1.20%,
02/01/26
(a) |
200,000 |
177,430 |
5.85%,
11/01/27
(a) |
250,000 |
258,575 |
3.65%,
03/01/28
(a) |
100,000 |
93,602 |
4.20%,
03/01/29
(a) |
150,000 |
142,952 |
6.65%,
04/01/29
|
150,000 |
155,221 |
2.85%,
08/01/29
(a) |
200,000 |
174,330 |
2.25%,
06/01/30
(a) |
250,000 |
206,490 |
2.75%,
02/01/32
(a) |
200,000 |
168,111 |
6.00%,
01/15/34
|
200,000 |
208,918 |
5.75%,
04/01/35
|
200,000 |
201,116 |
5.35%,
07/15/35
|
200,000 |
193,543 |
5.55%,
01/15/37
|
200,000 |
196,960 |
5.95%,
02/01/38
|
250,000 |
253,524 |
6.05%,
03/15/39
|
150,000 |
152,718 |
5.50%,
03/15/40
|
150,000 |
145,547 |
4.05%,
03/15/42
(a) |
105,000 |
84,004 |
3.90%,
03/15/43
(a) |
250,000 |
193,954 |
4.65%,
10/01/43
(a) |
250,000 |
216,930 |
3.60%,
02/01/45
(a) |
100,000 |
72,392 |
4.00%,
04/01/47
(a) |
600,000 |
471,115 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.13%,
03/01/48
(a) |
400,000 |
320,437 |
4.88%,
03/01/49
(a) |
200,000 |
177,254 |
3.65%,
02/01/50
(a) |
400,000 |
294,314 |
3.45%,
02/01/52
(a) |
200,000 |
143,204 |
Southern
Co. | ||
0.60%,
02/26/24
(a) |
250,000 |
237,381 |
4.48%,
08/01/24
|
250,000 |
247,100 |
3.25%,
07/01/26
(a) |
700,000 |
659,794 |
5.11%,
08/01/27
|
250,000 |
249,721 |
3.70%,
04/30/30
(a) |
350,000 |
316,904 |
4.25%,
07/01/36
(a) |
250,000 |
218,857 |
4.40%,
07/01/46
(a) |
600,000 |
503,166 |
4.00%,
01/15/51
(a)(b) |
250,000 |
227,846 |
3.75%,
09/15/51
(a)(b) |
275,000 |
223,012 |
Southern
Power Co. | ||
0.90%,
01/15/26
(a) |
50,000 |
44,072 |
5.15%,
09/15/41
|
200,000 |
181,852 |
4.95%,
12/15/46
(a) |
200,000 |
171,836 |
Southwestern
Electric Power Co. | ||
2.75%,
10/01/26
(a) |
300,000 |
275,738 |
4.10%,
09/15/28
(a) |
200,000 |
190,182 |
3.90%,
04/01/45
(a) |
100,000 |
76,608 |
3.85%,
02/01/48
(a) |
200,000 |
148,588 |
3.25%,
11/01/51
(a) |
200,000 |
132,284 |
Southwestern
Public Service Co. | ||
4.50%,
08/15/41
(a) |
150,000 |
131,540 |
3.40%,
08/15/46
(a) |
100,000 |
72,649 |
3.70%,
08/15/47
(a) |
200,000 |
152,087 |
3.75%,
06/15/49
(a) |
200,000 |
153,777 |
3.15%,
05/01/50
(a) |
150,000 |
104,467 |
Tampa
Electric Co. | ||
4.10%,
06/15/42
(a) |
100,000 |
82,041 |
4.35%,
05/15/44
(a) |
225,000 |
185,974 |
4.30%,
06/15/48
(a) |
250,000 |
202,619 |
3.63%,
06/15/50
(a) |
300,000 |
218,443 |
The
Cleveland Electric Illuminating Co. | ||
5.95%,
12/15/36
|
150,000 |
149,630 |
Toledo
Edison Co. | ||
6.15%,
05/15/37
|
100,000 |
103,791 |
Tucson
Electric Power Co. | ||
1.50%,
08/01/30
(a) |
175,000 |
134,736 |
4.85%,
12/01/48
(a) |
75,000 |
64,518 |
4.00%,
06/15/50
(a) |
100,000 |
76,560 |
3.25%,
05/01/51
(a) |
100,000 |
66,693 |
Union
Electric Co. | ||
2.95%,
06/15/27
(a) |
44,000 |
41,044 |
3.50%,
03/15/29
(a) |
550,000 |
510,587 |
2.95%,
03/15/30
(a) |
150,000 |
131,900 |
3.90%,
09/15/42
(a) |
115,000 |
94,417 |
3.65%,
04/15/45
(a) |
100,000 |
77,025 |
4.00%,
04/01/48
(a) |
250,000 |
201,458 |
3.25%,
10/01/49
(a) |
150,000 |
106,534 |
2.63%,
03/15/51
(a) |
250,000 |
159,285 |
3.90%,
04/01/52
(a) |
150,000 |
121,814 |
Virginia
Electric and Power Co. | ||
3.45%,
02/15/24
(a) |
250,000 |
246,594 |
3.10%,
05/15/25
(a) |
200,000 |
192,351 |
3.15%,
01/15/26
(a) |
250,000 |
238,799 |
2.95%,
11/15/26
(a) |
200,000 |
187,421 |
3.50%,
03/15/27
(a) |
400,000 |
379,347 |
2.88%,
07/15/29
(a) |
150,000 |
132,286 |
2.40%,
03/30/32
(a) |
175,000 |
141,817 |
6.00%,
01/15/36
|
250,000 |
258,171 |
6.00%,
05/15/37
|
250,000 |
259,269 |
8.88%,
11/15/38
|
150,000 |
197,323 |
4.00%,
01/15/43
(a) |
250,000 |
203,444 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.45%,
02/15/44
(a) |
250,000 |
214,566 |
4.20%,
05/15/45
(a) |
50,000 |
40,707 |
3.80%,
09/15/47
(a) |
300,000 |
231,044 |
4.60%,
12/01/48
(a) |
250,000 |
218,717 |
3.30%,
12/01/49
(a) |
300,000 |
215,566 |
2.45%,
12/15/50
(a) |
450,000 |
268,996 |
4.63%,
05/15/52
(a) |
175,000 |
154,167 |
WEC
Energy Group, Inc. | ||
0.80%,
03/15/24
(a) |
350,000 |
331,958 |
1.38%,
10/15/27
(a) |
250,000 |
212,858 |
1.80%,
10/15/30
(a) |
250,000 |
196,119 |
Wisconsin
Electric Power Co. | ||
2.05%,
12/15/24
(a) |
100,000 |
94,741 |
1.70%,
06/15/28
(a) |
150,000 |
128,016 |
4.30%,
10/15/48
(a) |
125,000 |
103,281 |
Wisconsin
Power and Light Co. | ||
3.05%,
10/15/27
(a) |
100,000 |
92,865 |
3.00%,
07/01/29
(a) |
250,000 |
221,872 |
3.65%,
04/01/50
(a) |
200,000 |
147,820 |
Wisconsin
Public Service Corp. | ||
3.67%,
12/01/42
|
250,000 |
191,806 |
4.75%,
11/01/44
(a) |
150,000 |
133,415 |
3.30%,
09/01/49
(a) |
200,000 |
140,876 |
Xcel
Energy, Inc. | ||
3.30%,
06/01/25
(a) |
200,000 |
192,188 |
4.00%,
06/15/28
(a) |
250,000 |
239,913 |
3.40%,
06/01/30
(a) |
300,000 |
268,176 |
4.60%,
06/01/32
(a) |
250,000 |
239,960 |
6.50%,
07/01/36
|
90,000 |
97,761 |
3.50%,
12/01/49
(a) |
200,000 |
146,677 |
|
|
120,930,579 |
Natural
Gas 0.1%
| ||
Atmos
Energy Corp. | ||
3.00%,
06/15/27
(a) |
200,000 |
186,904 |
1.50%,
01/15/31
(a) |
350,000 |
273,211 |
5.50%,
06/15/41
(a) |
150,000 |
149,206 |
4.15%,
01/15/43
(a) |
200,000 |
167,880 |
4.13%,
10/15/44
(a) |
100,000 |
82,418 |
4.30%,
10/01/48
(a) |
200,000 |
169,794 |
4.13%,
03/15/49
(a) |
150,000 |
123,331 |
3.38%,
09/15/49
(a) |
200,000 |
146,454 |
5.75%,
10/15/52
(a) |
150,000 |
157,915 |
CenterPoint
Energy Resources Corp. | ||
4.00%,
04/01/28
(a) |
50,000 |
47,761 |
1.75%,
10/01/30
(a) |
200,000 |
158,726 |
5.85%,
01/15/41
(a) |
100,000 |
100,945 |
4.10%,
09/01/47
(a) |
100,000 |
80,824 |
National
Grid USA | ||
5.80%,
04/01/35
|
150,000 |
141,661 |
NiSource,
Inc. | ||
0.95%,
08/15/25
(a) |
350,000 |
315,992 |
3.49%,
05/15/27
(a) |
225,000 |
212,818 |
2.95%,
09/01/29
(a) |
200,000 |
174,469 |
3.60%,
05/01/30
(a) |
450,000 |
401,903 |
1.70%,
02/15/31
(a) |
200,000 |
152,666 |
5.25%,
02/15/43
(a) |
150,000 |
142,214 |
4.80%,
02/15/44
(a) |
375,000 |
331,891 |
5.65%,
02/01/45
(a) |
225,000 |
221,728 |
4.38%,
05/15/47
(a) |
150,000 |
126,451 |
3.95%,
03/30/48
(a) |
100,000 |
78,318 |
ONE
Gas, Inc. | ||
3.61%,
02/01/24
(a) |
100,000 |
98,358 |
1.10%,
03/11/24
(a) |
135,000 |
129,527 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.66%,
02/01/44
(a) |
200,000 |
173,696 |
4.50%,
11/01/48
(a) |
150,000 |
124,695 |
Piedmont
Natural Gas Co., Inc. | ||
3.50%,
06/01/29
(a) |
220,000 |
202,638 |
3.64%,
11/01/46
(a) |
210,000 |
151,663 |
3.35%,
06/01/50
(a) |
150,000 |
102,188 |
5.05%,
05/15/52
(a) |
150,000 |
136,024 |
Sempra
Energy | ||
3.25%,
06/15/27
(a) |
300,000 |
278,129 |
3.40%,
02/01/28
(a) |
300,000 |
279,030 |
3.70%,
04/01/29
(a) |
200,000 |
182,968 |
3.80%,
02/01/38
(a) |
250,000 |
205,259 |
6.00%,
10/15/39
|
250,000 |
254,465 |
4.00%,
02/01/48
(a) |
225,000 |
177,060 |
4.13%,
04/01/52
(a)(b) |
300,000 |
237,477 |
Southern
California Gas Co. | ||
3.20%,
06/15/25
(a) |
50,000 |
48,320 |
2.60%,
06/15/26
(a) |
300,000 |
278,680 |
2.95%,
04/15/27
(a) |
200,000 |
185,109 |
2.55%,
02/01/30
(a) |
250,000 |
213,176 |
5.13%,
11/15/40
|
75,000 |
71,380 |
3.75%,
09/15/42
(a) |
150,000 |
118,063 |
4.13%,
06/01/48
(a) |
250,000 |
201,268 |
4.30%,
01/15/49
(a) |
175,000 |
145,033 |
3.95%,
02/15/50
(a) |
150,000 |
117,494 |
Southern
Co. Gas Capital Corp. | ||
3.25%,
06/15/26
(a) |
100,000 |
93,757 |
1.75%,
01/15/31
(a) |
250,000 |
191,578 |
5.88%,
03/15/41
(a) |
200,000 |
199,597 |
4.40%,
06/01/43
(a) |
100,000 |
82,302 |
3.95%,
10/01/46
(a) |
150,000 |
113,299 |
4.40%,
05/30/47
(a) |
250,000 |
200,219 |
Southwest
Gas Corp. | ||
2.20%,
06/15/30
(a) |
230,000 |
180,256 |
4.05%,
03/15/32
(a) |
100,000 |
87,970 |
3.80%,
09/29/46
(a) |
100,000 |
69,669 |
4.15%,
06/01/49
(a) |
150,000 |
109,249 |
3.18%,
08/15/51
(a) |
50,000 |
30,828 |
Spire
Missouri, Inc. | ||
3.30%,
06/01/51
(a) |
75,000 |
51,595 |
Washington
Gas Light Co. | ||
3.80%,
09/15/46
(a) |
155,000 |
116,485 |
3.65%,
09/15/49
(a) |
175,000 |
128,675 |
|
|
9,912,659 |
Utility
Other 0.1%
| ||
American
Water Capital Corp. | ||
3.40%,
03/01/25
(a) |
300,000 |
291,052 |
2.95%,
09/01/27
(a) |
100,000 |
92,468 |
3.75%,
09/01/28
(a) |
250,000 |
236,454 |
3.45%,
06/01/29
(a) |
150,000 |
137,396 |
2.80%,
05/01/30
(a) |
200,000 |
173,345 |
2.30%,
06/01/31
(a) |
200,000 |
164,657 |
4.45%,
06/01/32
(a) |
250,000 |
240,302 |
6.59%,
10/15/37
|
200,000 |
221,432 |
4.30%,
12/01/42
(a) |
200,000 |
174,958 |
4.00%,
12/01/46
(a) |
165,000 |
129,378 |
3.75%,
09/01/47
(a) |
250,000 |
195,168 |
4.20%,
09/01/48
(a) |
250,000 |
209,982 |
4.15%,
06/01/49
(a) |
50,000 |
41,431 |
3.45%,
05/01/50
(a) |
125,000 |
92,411 |
Essential
Utilities, Inc. | ||
3.57%,
05/01/29
(a) |
150,000 |
135,201 |
2.70%,
04/15/30
(a) |
200,000 |
168,017 |
2.40%,
05/01/31
(a) |
50,000 |
40,116 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.28%,
05/01/49
(a) |
150,000 |
122,067 |
3.35%,
04/15/50
(a) |
250,000 |
172,342 |
5.30%,
05/01/52
(a) |
100,000 |
94,440 |
|
|
3,132,617 |
|
|
133,975,855 |
Total
Corporates
(Cost
$1,900,829,273) |
1,628,668,613 | |
| ||
TREASURIES
40.9%
OF NET ASSETS
| ||
Bonds | ||
7.50%,
11/15/24
|
1,248,000 |
1,316,081 |
7.63%,
02/15/25
|
1,000,000 |
1,064,070 |
6.88%,
08/15/25
|
1,000,000 |
1,062,469 |
6.00%,
02/15/26
|
1,889,000 |
1,986,925 |
6.75%,
08/15/26
|
1,209,000 |
1,312,848 |
6.50%,
11/15/26
|
1,748,000 |
1,894,079 |
6.63%,
02/15/27
|
1,000,000 |
1,093,464 |
6.38%,
08/15/27
|
1,200,000 |
1,314,300 |
6.13%,
11/15/27
|
2,434,000 |
2,656,849 |
5.50%,
08/15/28
|
1,748,000 |
1,871,957 |
5.25%,
11/15/28
|
2,248,000 |
2,384,600 |
5.25%,
02/15/29
|
474,000 |
503,842 |
6.13%,
08/15/29
|
1,544,000 |
1,728,284 |
6.25%,
05/15/30
|
2,131,000 |
2,434,028 |
5.38%,
02/15/31
|
2,594,000 |
2,850,211 |
2.75%,
08/15/32
|
61,000,000 |
55,533,204 |
4.50%,
02/15/36
|
3,144,000 |
3,360,898 |
4.75%,
02/15/37
|
1,932,000 |
2,114,425 |
5.00%,
05/15/37
|
1,648,000 |
1,843,319 |
4.38%,
02/15/38
|
1,596,000 |
1,675,305 |
4.50%,
05/15/38
|
2,796,000 |
2,974,766 |
3.50%,
02/15/39
|
2,472,000 |
2,327,059 |
4.25%,
05/15/39
|
3,146,000 |
3,245,043 |
4.50%,
08/15/39
|
2,646,000 |
2,809,512 |
4.38%,
11/15/39
|
3,625,000 |
3,787,934 |
4.63%,
02/15/40
|
3,955,000 |
4,256,058 |
1.13%,
05/15/40
|
11,200,000 |
7,023,118 |
4.38%,
05/15/40
|
4,194,000 |
4,368,878 |
1.13%,
08/15/40
|
12,250,000 |
7,627,866 |
3.88%,
08/15/40
|
4,494,000 |
4,389,292 |
1.38%,
11/15/40
|
12,500,000 |
8,132,805 |
4.25%,
11/15/40
|
4,253,000 |
4,351,064 |
1.88%,
02/15/41
|
18,400,000 |
13,016,419 |
4.75%,
02/15/41
|
4,292,000 |
4,675,294 |
2.25%,
05/15/41
|
14,500,000 |
10,901,570 |
4.38%,
05/15/41
|
3,944,000 |
4,092,679 |
1.75%,
08/15/41
|
21,600,000 |
14,798,620 |
3.75%,
08/15/41
|
3,817,000 |
3,628,793 |
2.00%,
11/15/41
|
14,000,000 |
10,012,318 |
3.13%,
11/15/41
|
4,344,000 |
3,755,742 |
2.38%,
02/15/42
|
14,000,000 |
10,690,242 |
3.13%,
02/15/42
|
4,582,000 |
3,951,144 |
3.00%,
05/15/42
|
3,998,000 |
3,365,606 |
3.25%,
05/15/42
|
12,500,000 |
10,965,009 |
2.75%,
08/15/42
|
4,691,000 |
3,779,360 |
3.38%,
08/15/42
|
11,000,000 |
9,829,641 |
2.75%,
11/15/42
|
6,408,000 |
5,146,457 |
4.00%,
11/15/42
|
9,500,000 |
9,299,107 |
3.13%,
02/15/43
|
5,286,000 |
4,514,524 |
2.88%,
05/15/43
|
8,731,000 |
7,142,072 |
3.63%,
08/15/43
|
6,317,000 |
5,819,131 |
3.75%,
11/15/43
|
5,450,000 |
5,114,306 |
3.63%,
02/15/44
|
6,927,000 |
6,367,297 |
3.38%,
05/15/44
|
6,494,000 |
5,732,189 |
3.13%,
08/15/44
|
7,882,000 |
6,669,326 |
3.00%,
11/15/44
|
7,136,000 |
5,905,761 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
02/15/45
|
8,882,000 |
6,707,782 |
3.00%,
05/15/45
|
1,534,000 |
1,266,976 |
2.88%,
08/15/45
|
5,332,000 |
4,303,114 |
3.00%,
11/15/45
|
3,782,000 |
3,119,408 |
2.50%,
02/15/46
|
7,386,000 |
5,542,538 |
2.50%,
05/15/46
|
7,732,000 |
5,790,119 |
2.25%,
08/15/46
|
9,978,000 |
7,093,028 |
2.88%,
11/15/46
|
3,719,000 |
2,989,769 |
3.00%,
02/15/47
|
8,384,000 |
6,885,238 |
3.00%,
05/15/47
|
7,238,000 |
5,942,389 |
2.75%,
08/15/47
|
8,680,000 |
6,805,364 |
2.75%,
11/15/47
|
8,328,000 |
6,529,386 |
3.00%,
02/15/48
|
9,734,000 |
8,010,583 |
3.13%,
05/15/48
|
9,120,000 |
7,691,662 |
3.00%,
08/15/48
|
11,428,000 |
9,419,811 |
3.38%,
11/15/48
|
7,500,000 |
6,641,854 |
3.00%,
02/15/49
|
13,076,000 |
10,816,972 |
2.88%,
05/15/49
|
12,800,000 |
10,339,063 |
2.25%,
08/15/49
|
12,000,000 |
8,480,795 |
2.38%,
11/15/49
|
11,478,000 |
8,344,645 |
2.00%,
02/15/50
|
14,398,000 |
9,553,396 |
1.25%,
05/15/50
|
16,500,000 |
8,921,167 |
1.38%,
08/15/50
|
19,700,000 |
11,012,420 |
1.63%,
11/15/50
|
18,000,000 |
10,769,701 |
1.88%,
02/15/51
|
22,500,000 |
14,360,654 |
2.38%,
05/15/51
|
20,600,000 |
14,835,057 |
2.00%,
08/15/51
|
21,000,000 |
13,807,849 |
1.88%,
11/15/51
|
19,100,000 |
12,148,887 |
2.25%,
02/15/52
|
17,300,000 |
12,078,050 |
2.88%,
05/15/52
|
16,800,000 |
13,512,364 |
3.00%,
08/15/52
|
16,500,000 |
13,662,305 |
4.00%,
11/15/52
|
14,000,000 |
14,057,908 |
Notes | ||
0.88%,
01/31/24
|
13,000,000 |
12,476,159 |
0.13%,
02/15/24
|
22,000,000 |
20,909,390 |
2.75%,
02/15/24
|
17,595,000 |
17,216,607 |
1.50%,
02/29/24
|
16,900,000 |
16,293,937 |
2.13%,
02/29/24
|
16,438,000 |
15,961,522 |
2.38%,
02/29/24
|
9,982,000 |
9,723,658 |
0.25%,
03/15/24
|
18,300,000 |
17,359,927 |
2.13%,
03/31/24
|
12,418,000 |
12,034,034 |
2.25%,
03/31/24
|
16,000,000 |
15,525,592 |
0.38%,
04/15/24
|
14,000,000 |
13,250,740 |
2.00%,
04/30/24
|
7,994,000 |
7,717,783 |
2.25%,
04/30/24
|
10,574,000 |
10,241,268 |
2.50%,
04/30/24
|
15,000,000 |
14,574,286 |
0.25%,
05/15/24
|
15,000,000 |
14,121,632 |
2.50%,
05/15/24
|
21,098,000 |
20,479,438 |
2.00%,
05/31/24
|
12,668,000 |
12,207,518 |
2.50%,
05/31/24
|
14,000,000 |
13,583,800 |
0.25%,
06/15/24
|
15,000,000 |
14,081,787 |
1.75%,
06/30/24
|
9,032,000 |
8,657,996 |
2.00%,
06/30/24
|
7,240,000 |
6,964,523 |
3.00%,
06/30/24
|
14,000,000 |
13,666,380 |
0.38%,
07/15/24
|
13,900,000 |
13,026,317 |
1.75%,
07/31/24
|
10,078,000 |
9,641,982 |
2.13%,
07/31/24
|
6,488,000 |
6,242,657 |
3.00%,
07/31/24
|
14,000,000 |
13,655,989 |
0.38%,
08/15/24
|
15,000,000 |
14,018,504 |
2.38%,
08/15/24
|
17,768,000 |
17,152,673 |
1.25%,
08/31/24
|
8,686,000 |
8,225,548 |
1.88%,
08/31/24
|
6,490,000 |
6,209,215 |
3.25%,
08/31/24
|
14,000,000 |
13,710,131 |
0.38%,
09/15/24
|
15,500,000 |
14,449,456 |
1.50%,
09/30/24
|
8,982,000 |
8,532,699 |
2.13%,
09/30/24
|
5,784,000 |
5,551,948 |
4.25%,
09/30/24
|
12,000,000 |
11,939,752 |
0.63%,
10/15/24
|
16,500,000 |
15,413,907 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.50%,
10/31/24
|
8,480,000 |
8,037,425 |
2.25%,
10/31/24
|
5,038,000 |
4,840,404 |
4.38%,
10/31/24
|
12,000,000 |
11,966,706 |
0.75%,
11/15/24
|
14,800,000 |
13,819,160 |
2.25%,
11/15/24
|
16,870,000 |
16,207,021 |
1.50%,
11/30/24
|
9,480,000 |
8,971,162 |
2.13%,
11/30/24
|
6,988,000 |
6,691,401 |
4.50%,
11/30/24
|
15,000,000 |
15,002,916 |
1.00%,
12/15/24
|
15,000,000 |
14,041,694 |
1.75%,
12/31/24
|
9,982,000 |
9,478,665 |
2.25%,
12/31/24
|
7,988,000 |
7,658,376 |
4.25%,
12/31/24
|
13,000,000 |
12,957,593 |
1.13%,
01/15/25
|
14,000,000 |
13,106,010 |
1.38%,
01/31/25
|
8,696,000 |
8,175,406 |
2.50%,
01/31/25
|
7,488,000 |
7,206,134 |
1.50%,
02/15/25
|
14,000,000 |
13,181,102 |
2.00%,
02/15/25
|
14,486,000 |
13,789,741 |
1.13%,
02/28/25
|
7,998,000 |
7,469,934 |
2.75%,
02/28/25
|
7,890,000 |
7,627,616 |
1.75%,
03/15/25
|
14,000,000 |
13,233,769 |
0.50%,
03/31/25
|
12,200,000 |
11,212,627 |
2.63%,
03/31/25
|
4,724,000 |
4,553,867 |
2.63%,
04/15/25
|
12,000,000 |
11,550,557 |
0.38%,
04/30/25
|
10,900,000 |
9,955,390 |
2.88%,
04/30/25
|
6,986,000 |
6,763,965 |
2.13%,
05/15/25
|
13,880,400 |
13,198,610 |
2.75%,
05/15/25
|
12,500,000 |
12,056,900 |
0.25%,
05/31/25
|
10,700,000 |
9,715,596 |
2.88%,
05/31/25
|
5,788,000 |
5,597,788 |
2.88%,
06/15/25
|
12,000,000 |
11,598,690 |
0.25%,
06/30/25
|
11,500,000 |
10,421,929 |
2.75%,
06/30/25
|
4,988,000 |
4,806,807 |
3.00%,
07/15/25
|
10,000,000 |
9,689,479 |
0.25%,
07/31/25
|
9,100,000 |
8,213,966 |
2.88%,
07/31/25
|
3,386,000 |
3,272,550 |
2.00%,
08/15/25
|
14,168,000 |
13,383,488 |
3.13%,
08/15/25
|
11,000,000 |
10,683,067 |
0.25%,
08/31/25
|
7,400,000 |
6,659,339 |
2.75%,
08/31/25
|
3,236,000 |
3,112,449 |
3.50%,
09/15/25
|
9,500,000 |
9,314,351 |
0.25%,
09/30/25
|
12,100,000 |
10,869,221 |
3.00%,
09/30/25
|
4,682,000 |
4,527,443 |
4.25%,
10/15/25
|
14,000,000 |
13,995,108 |
0.25%,
10/31/25
|
14,800,000 |
13,243,860 |
3.00%,
10/31/25
|
5,688,000 |
5,497,201 |
2.25%,
11/15/25
|
15,072,000 |
14,274,515 |
4.50%,
11/15/25
|
15,000,000 |
15,098,682 |
0.38%,
11/30/25
|
15,600,000 |
13,966,519 |
2.88%,
11/30/25
|
5,682,000 |
5,471,279 |
4.00%,
12/15/25
|
12,000,000 |
11,925,469 |
0.38%,
12/31/25
|
15,800,000 |
14,127,752 |
2.63%,
12/31/25
|
6,486,000 |
6,204,954 |
0.38%,
01/31/26
|
15,100,000 |
13,442,909 |
2.63%,
01/31/26
|
5,938,000 |
5,677,236 |
1.63%,
02/15/26
|
14,672,000 |
13,582,359 |
0.50%,
02/28/26
|
16,000,000 |
14,266,712 |
2.50%,
02/28/26
|
5,476,000 |
5,203,888 |
0.75%,
03/31/26
|
16,000,000 |
14,352,419 |
2.25%,
03/31/26
|
7,086,000 |
6,681,601 |
0.75%,
04/30/26
|
16,300,000 |
14,580,847 |
2.38%,
04/30/26
|
6,084,000 |
5,749,887 |
1.63%,
05/15/26
|
15,685,000 |
14,444,978 |
0.75%,
05/31/26
|
18,500,000 |
16,509,147 |
2.13%,
05/31/26
|
6,388,000 |
5,979,076 |
0.88%,
06/30/26
|
14,000,000 |
12,523,556 |
1.88%,
06/30/26
|
5,984,000 |
5,553,277 |
0.63%,
07/31/26
|
15,500,000 |
13,700,715 |
1.88%,
07/31/26
|
6,284,000 |
5,815,743 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.50%,
08/15/26
|
16,724,000 |
15,257,656 |
0.75%,
08/31/26
|
17,000,000 |
15,058,540 |
1.38%,
08/31/26
|
6,986,000 |
6,336,917 |
0.88%,
09/30/26
|
16,200,000 |
14,393,647 |
1.63%,
09/30/26
|
4,990,000 |
4,568,112 |
1.13%,
10/31/26
|
17,500,000 |
15,657,476 |
1.63%,
10/31/26
|
6,584,000 |
6,012,199 |
2.00%,
11/15/26
|
15,032,000 |
13,903,904 |
1.25%,
11/30/26
|
17,000,000 |
15,258,681 |
1.63%,
11/30/26
|
6,286,000 |
5,734,461 |
1.25%,
12/31/26
|
16,500,000 |
14,782,899 |
1.75%,
12/31/26
|
5,490,000 |
5,028,063 |
1.50%,
01/31/27
|
21,190,000 |
19,140,524 |
2.25%,
02/15/27
|
13,626,000 |
12,684,498 |
1.13%,
02/28/27
|
2,300,000 |
2,046,018 |
1.88%,
02/28/27
|
15,000,000 |
13,742,666 |
0.63%,
03/31/27
|
5,600,000 |
4,861,742 |
2.50%,
03/31/27
|
15,000,000 |
14,086,730 |
0.50%,
04/30/27
|
7,350,000 |
6,331,965 |
2.75%,
04/30/27
|
15,000,000 |
14,224,521 |
2.38%,
05/15/27
|
15,420,000 |
14,381,870 |
0.50%,
05/31/27
|
8,700,000 |
7,464,085 |
2.63%,
05/31/27
|
12,000,000 |
11,316,854 |
0.50%,
06/30/27
|
8,400,000 |
7,189,341 |
3.25%,
06/30/27
|
13,500,000 |
13,061,700 |
0.38%,
07/31/27
|
8,600,000 |
7,300,726 |
2.75%,
07/31/27
|
13,000,000 |
12,306,226 |
2.25%,
08/15/27
|
10,272,000 |
9,506,328 |
0.50%,
08/31/27
|
8,500,000 |
7,236,775 |
3.13%,
08/31/27
|
8,000,000 |
7,699,057 |
0.38%,
09/30/27
|
11,000,000 |
9,280,600 |
4.13%,
09/30/27
|
12,500,000 |
12,551,894 |
0.50%,
10/31/27
|
10,700,000 |
9,056,364 |
4.13%,
10/31/27
|
13,000,000 |
13,054,038 |
2.25%,
11/15/27
|
11,274,000 |
10,395,427 |
0.63%,
11/30/27
|
13,700,000 |
11,643,741 |
3.88%,
11/30/27
|
12,000,000 |
11,939,749 |
0.63%,
12/31/27
|
15,900,000 |
13,480,654 |
3.88%,
12/31/27
|
12,000,000 |
11,932,145 |
0.75%,
01/31/28
|
15,700,000 |
13,362,030 |
2.75%,
02/15/28
|
17,322,000 |
16,295,725 |
1.13%,
02/29/28
|
16,300,000 |
14,121,728 |
1.25%,
03/31/28
|
15,000,000 |
13,050,584 |
1.25%,
04/30/28
|
17,600,000 |
15,283,162 |
2.88%,
05/15/28
|
16,770,000 |
15,839,476 |
1.25%,
05/31/28
|
18,000,000 |
15,597,499 |
1.25%,
06/30/28
|
15,700,000 |
13,582,444 |
1.00%,
07/31/28
|
15,500,000 |
13,184,760 |
2.88%,
08/15/28
|
18,368,000 |
17,306,578 |
1.13%,
08/31/28
|
16,000,000 |
13,675,752 |
1.25%,
09/30/28
|
17,700,000 |
15,213,217 |
1.38%,
10/31/28
|
15,500,000 |
13,393,204 |
3.13%,
11/15/28
|
16,714,000 |
15,945,522 |
1.50%,
11/30/28
|
15,000,000 |
13,032,120 |
1.38%,
12/31/28
|
13,000,000 |
11,214,288 |
1.75%,
01/31/29
|
11,800,000 |
10,375,997 |
2.63%,
02/15/29
|
14,666,000 |
13,571,171 |
1.88%,
02/28/29
|
12,500,000 |
11,076,536 |
2.38%,
03/31/29
|
11,400,000 |
10,382,889 |
2.88%,
04/30/29
|
10,500,000 |
9,839,317 |
2.38%,
05/15/29
|
12,358,000 |
11,241,948 |
2.75%,
05/31/29
|
10,000,000 |
9,295,398 |
3.25%,
06/30/29
|
11,000,000 |
10,530,984 |
2.63%,
07/31/29
|
9,000,000 |
8,294,148 |
1.63%,
08/15/29
|
6,666,000 |
5,786,914 |
3.13%,
08/31/29
|
8,500,000 |
8,074,498 |
3.88%,
09/30/29
|
9,000,000 |
8,939,825 |
4.00%,
10/31/29
|
38,500,000 |
38,537,549 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.75%,
11/15/29
|
6,266,000 |
5,471,052 |
3.88%,
11/30/29
|
11,000,000 |
10,931,681 |
3.88%,
12/31/29
|
9,500,000 |
9,445,202 |
1.50%,
02/15/30
|
11,398,000 |
9,716,892 |
0.63%,
05/15/30
|
12,700,000 |
10,058,799 |
0.63%,
08/15/30
|
20,000,000 |
15,751,664 |
0.88%,
11/15/30
|
25,000,000 |
20,000,380 |
1.13%,
02/15/31
|
29,500,000 |
24,064,000 |
1.63%,
05/15/31
|
25,000,000 |
21,051,760 |
1.25%,
08/15/31
|
27,500,000 |
22,332,049 |
1.38%,
11/15/31
|
26,800,000 |
21,827,611 |
1.88%,
02/15/32
|
32,000,000 |
27,142,794 |
2.88%,
05/15/32
|
28,250,000 |
26,047,952 |
4.13%,
11/15/32
|
22,500,000 |
22,950,344 |
Total
Treasuries
(Cost
$2,972,720,371) |
2,779,962,408 | |
| ||
GOVERNMENT
RELATED
5.0%
OF NET ASSETS
| ||
| ||
Agency
1.9%
| ||
Foreign
0.7%
| ||
Austria
0.0%
| ||
Oesterreichische
Kontrollbank AG | ||
0.50%,
09/16/24
|
100,000 |
93,254 |
1.50%,
02/12/25
|
700,000 |
657,958 |
0.38%,
09/17/25
|
500,000 |
448,919 |
4.63%,
11/03/25
|
375,000 |
376,809 |
0.50%,
02/02/26
|
725,000 |
644,147 |
|
|
2,221,087 |
Canada
0.0%
| ||
Export
Development Canada | ||
2.63%,
02/21/24
|
240,000 |
234,325 |
3.00%,
05/25/27
|
1,000,000 |
952,958 |
|
|
1,187,283 |
China
0.0%
| ||
Industrial
& Commercial Bank of China Ltd. | ||
3.54%,
11/08/27
|
250,000 |
237,877 |
Germany
0.3%
| ||
FMS
Wertmanagement | ||
2.75%,
01/30/24
(g) |
700,000 |
684,778 |
Kreditanstalt
Fuer Wiederaufbau | ||
2.13%,
01/17/23(g) |
200,000 |
199,846 |
2.63%,
02/28/24(g) |
1,700,000 |
1,658,432 |
0.25%,
03/08/24(g) |
1,500,000 |
1,422,354 |
1.38%,
08/05/24(g) |
1,400,000 |
1,329,517 |
0.50%,
09/20/24(g) |
2,000,000 |
1,864,908 |
2.50%,
11/20/24(g) |
2,200,000 |
2,117,000 |
1.25%,
01/31/25(g) |
1,750,000 |
1,638,477 |
0.38%,
07/18/25(g) |
1,550,000 |
1,402,434 |
0.63%,
01/22/26(g) |
1,750,000 |
1,567,193 |
1.00%,
10/01/26(g) |
1,000,000 |
888,678 |
3.00%,
05/20/27(g) |
1,750,000 |
1,669,538 |
2.88%,
04/03/28(g) |
1,100,000 |
1,035,269 |
1.75%,
09/14/29(g) |
700,000 |
605,743 |
0.75%,
09/30/30(g) |
700,000 |
547,307 |
0.00%,
04/18/36(g)(h) |
250,000 |
142,991 |
0.00%,
06/29/37(g)(h) |
850,000 |
465,967 |
Landwirtschaftliche
Rentenbank | ||
2.00%,
01/13/25(g) |
850,000 |
809,373 |
2.38%,
06/10/25(g) |
600,000 |
571,834 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.88%,
03/30/26(g) |
500,000 |
447,641 |
1.75%,
07/27/26(g) |
500,000 |
457,784 |
2.50%,
11/15/27(g) |
500,000 |
463,387 |
0.88%,
09/03/30(g) |
750,000 |
591,241 |
|
|
22,581,692 |
Japan
0.2%
| ||
Japan
Bank for International Cooperation | ||
2.50%,
05/23/24
|
1,150,000 |
1,112,709 |
1.75%,
10/17/24
|
500,000 |
472,908 |
2.50%,
05/28/25
|
200,000 |
189,940 |
0.63%,
07/15/25
|
700,000 |
631,935 |
1.88%,
07/21/26
|
350,000 |
317,782 |
2.25%,
11/04/26
|
1,400,000 |
1,280,958 |
2.88%,
06/01/27
|
1,450,000 |
1,351,215 |
2.88%,
07/21/27
|
650,000 |
605,112 |
2.75%,
11/16/27
|
700,000 |
644,447 |
3.25%,
07/20/28
|
400,000 |
374,229 |
3.50%,
10/31/28
|
350,000 |
330,289 |
2.13%,
02/16/29
|
400,000 |
347,276 |
2.00%,
10/17/29
|
700,000 |
594,661 |
1.25%,
01/21/31
|
250,000 |
195,137 |
1.88%,
04/15/31
|
1,250,000 |
1,020,578 |
Japan
International Cooperation Agency | ||
2.13%,
10/20/26
|
200,000 |
182,548 |
2.75%,
04/27/27
|
400,000 |
370,825 |
1.00%,
07/22/30
|
370,000 |
284,275 |
1.75%,
04/28/31
|
350,000 |
282,356 |
|
|
10,589,180 |
Norway
0.1%
| ||
Equinor
A.S.A. | ||
2.65%,
01/15/24
|
450,000 |
439,256 |
3.70%,
03/01/24
|
550,000 |
543,027 |
3.25%,
11/10/24
|
150,000 |
146,461 |
2.88%,
04/06/25(a) |
450,000 |
431,704 |
1.75%,
01/22/26(a) |
250,000 |
228,840 |
3.00%,
04/06/27(a) |
150,000 |
140,366 |
7.25%,
09/23/27
|
50,000 |
55,599 |
3.63%,
09/10/28(a) |
350,000 |
332,205 |
3.13%,
04/06/30(a) |
450,000 |
405,234 |
2.38%,
05/22/30(a) |
250,000 |
213,267 |
3.63%,
04/06/40(a) |
200,000 |
164,498 |
4.25%,
11/23/41
|
200,000 |
176,469 |
3.95%,
05/15/43
|
300,000 |
251,799 |
4.80%,
11/08/43
|
260,000 |
245,281 |
3.25%,
11/18/49(a) |
350,000 |
256,443 |
3.70%,
04/06/50(a) |
450,000 |
359,496 |
|
|
4,389,945 |
Republic
of Korea 0.1%
| ||
Export-Import
Bank of Korea | ||
2.38%,
06/25/24
|
450,000 |
433,269 |
1.25%,
01/18/25
|
300,000 |
278,361 |
2.88%,
01/21/25
|
700,000 |
671,285 |
1.88%,
02/12/25
|
200,000 |
187,451 |
3.25%,
11/10/25
|
750,000 |
713,488 |
2.63%,
05/26/26
|
250,000 |
233,382 |
3.25%,
08/12/26
|
200,000 |
190,046 |
1.13%,
12/29/26
|
550,000 |
477,599 |
1.63%,
01/18/27
|
300,000 |
264,783 |
2.38%,
04/21/27
|
250,000 |
226,163 |
1.25%,
09/21/30
|
700,000 |
537,907 |
2.13%,
01/18/32
|
350,000 |
280,757 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Korea
Development Bank | ||
3.75%,
01/22/24
|
300,000 |
296,402 |
0.40%,
03/09/24
|
200,000 |
189,577 |
2.13%,
10/01/24
|
350,000 |
333,357 |
3.38%,
09/16/25
|
500,000 |
479,106 |
3.00%,
01/13/26
|
200,000 |
190,155 |
0.80%,
07/19/26
|
400,000 |
348,638 |
1.00%,
09/09/26
|
250,000 |
218,453 |
2.00%,
09/12/26
|
350,000 |
317,248 |
1.63%,
01/19/31
|
450,000 |
354,337 |
2.00%,
10/25/31
|
250,000 |
199,270 |
4.25%,
09/08/32
|
200,000 |
190,079 |
|
|
7,611,113 |
Sweden
0.0%
| ||
Svensk
Exportkredit AB | ||
1.75%,
12/12/23
|
500,000 |
485,534 |
0.38%,
03/11/24
|
500,000 |
473,978 |
0.38%,
07/30/24
|
350,000 |
327,045 |
0.63%,
10/07/24
|
200,000 |
186,187 |
0.63%,
05/14/25
|
650,000 |
593,443 |
0.50%,
08/26/25
|
500,000 |
449,827 |
2.25%,
03/22/27
|
350,000 |
322,070 |
|
|
2,838,084 |
|
|
51,656,261 |
U.S.
1.2% | ||
Fannie
Mae | ||
2.50%,
02/05/24
|
4,500,000 |
4,390,881 |
1.63%,
01/07/25
|
1,000,000 |
944,925 |
0.63%,
04/22/25
|
2,000,000 |
1,835,378 |
0.50%,
06/17/25
|
3,000,000 |
2,731,620 |
0.38%,
08/25/25
|
3,500,000 |
3,158,888 |
0.50%,
11/07/25
|
4,000,000 |
3,597,010 |
2.13%,
04/24/26
|
6,000,000 |
5,622,409 |
0.75%,
10/08/27
|
5,000,000 |
4,301,287 |
7.13%,
01/15/30
|
527,000 |
624,662 |
7.25%,
05/15/30
|
1,000,000 |
1,200,490 |
0.88%,
08/05/30
|
1,000,000 |
795,446 |
6.63%,
11/15/30
|
2,700,000 |
3,160,435 |
5.63%,
07/15/37
|
1,500,000 |
1,671,202 |
Federal
Farm Credit Banks Funding Corp. | ||
0.25%,
02/26/24
|
800,000 |
760,565 |
3.10%,
06/28/24
|
2,000,000 |
1,955,175 |
4.50%,
11/18/24
|
1,500,000 |
1,497,713 |
Federal
Home Loan Banks | ||
2.50%,
02/13/24
|
1,600,000 |
1,562,764 |
2.13%,
02/28/24
|
1,500,000 |
1,459,706 |
4.75%,
03/08/24
|
1,000,000 |
998,530 |
2.88%,
06/14/24
|
1,075,000 |
1,045,654 |
1.50%,
08/15/24
|
2,000,000 |
1,902,066 |
5.38%,
08/15/24
|
1,750,000 |
1,766,602 |
4.50%,
10/03/24
|
1,500,000 |
1,500,325 |
0.50%,
04/14/25
|
2,000,000 |
1,834,402 |
0.50%,
06/13/25
|
2,000,000 |
1,819,325 |
0.38%,
09/04/25
|
1,000,000 |
902,519 |
1.25%,
12/21/26
|
500,000 |
447,415 |
3.25%,
11/16/28
|
5,000,000 |
4,806,947 |
5.50%,
07/15/36
|
400,000 |
442,127 |
Freddie
Mac | ||
1.50%,
02/12/25
|
5,000,000 |
4,707,943 |
0.38%,
07/21/25
|
4,000,000 |
3,620,826 |
0.38%,
09/23/25
|
6,000,000 |
5,402,965 |
6.75%,
09/15/29
|
500,000 |
577,324 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
6.75%,
03/15/31
|
1,564,000 |
1,845,502 |
6.25%,
07/15/32
|
700,000 |
817,074 |
Tennessee
Valley Authority | ||
2.88%,
09/15/24
|
2,000,000 |
1,938,805 |
6.75%,
11/01/25
|
488,000 |
518,583 |
2.88%,
02/01/27
|
500,000 |
477,046 |
5.25%,
09/15/39
|
750,000 |
779,166 |
4.63%,
09/15/60
|
100,000 |
94,154 |
|
|
79,515,856 |
|
|
131,172,117 |
| ||
Local
Authority 0.8%
| ||
Foreign
0.2%
| ||
Canada
0.2%
| ||
Hydro-Quebec | ||
8.05%,
07/07/24
|
810,000 |
847,729 |
Province
of Alberta | ||
2.95%,
01/23/24
|
500,000 |
490,259 |
1.88%,
11/13/24
|
700,000 |
664,979 |
1.00%,
05/20/25
|
200,000 |
184,195 |
3.30%,
03/15/28
|
600,000 |
568,750 |
1.30%,
07/22/30
|
700,000 |
560,507 |
Province
of British Columbia | ||
1.75%,
09/27/24
|
350,000 |
332,982 |
2.25%,
06/02/26
|
500,000 |
465,702 |
0.90%,
07/20/26
|
600,000 |
531,711 |
1.30%,
01/29/31
|
750,000 |
598,324 |
Province
of Manitoba | ||
2.60%,
04/16/24
|
250,000 |
243,030 |
3.05%,
05/14/24
|
250,000 |
244,199 |
2.13%,
06/22/26
|
300,000 |
277,597 |
1.50%,
10/25/28
|
250,000 |
212,356 |
Province
of New Brunswick | ||
3.63%,
02/24/28
|
100,000 |
96,394 |
Province
of Ontario | ||
3.05%,
01/29/24
|
750,000 |
735,807 |
3.20%,
05/16/24
|
550,000 |
537,978 |
0.63%,
01/21/26
|
750,000 |
667,505 |
1.05%,
04/14/26
|
750,000 |
671,388 |
2.50%,
04/27/26
|
600,000 |
562,298 |
2.30%,
06/15/26
|
550,000 |
510,897 |
1.05%,
05/21/27
|
400,000 |
347,104 |
2.00%,
10/02/29
|
400,000 |
344,500 |
1.13%,
10/07/30
|
500,000 |
393,269 |
1.60%,
02/25/31
|
500,000 |
405,793 |
1.80%,
10/14/31
|
500,000 |
405,789 |
2.13%,
01/21/32
|
250,000 |
207,895 |
Province
of Quebec | ||
7.13%,
02/09/24
|
300,000 |
306,902 |
2.50%,
04/09/24
|
200,000 |
194,258 |
2.88%,
10/16/24
|
450,000 |
436,267 |
1.50%,
02/11/25
|
700,000 |
657,576 |
0.60%,
07/23/25
|
950,000 |
861,852 |
2.50%,
04/20/26
|
300,000 |
282,480 |
2.75%,
04/12/27
|
400,000 |
375,247 |
7.50%,
09/15/29
|
468,000 |
549,727 |
1.35%,
05/28/30
|
400,000 |
323,936 |
1.90%,
04/21/31
|
300,000 |
249,107 |
|
|
16,346,289 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
U.S.
0.6% | ||
Alameda
County Joint Powers Authority | ||
RB
(Build America Bonds) Series 2010 |
|
|
7.05%,
12/01/44
|
105,000 |
124,916 |
American
Municipal Power, Inc. | ||
RB
(Build America Bonds) Series 2010 |
|
|
5.94%,
02/15/47
|
200,000 |
207,908 |
RB
(Build America Bonds) Series 2010 |
|
|
6.27%,
02/15/50
|
480,000 |
504,705 |
RB
(Build America Bonds) Series 2010 |
|
|
8.08%,
02/15/50
|
250,000 |
320,806 |
Bay
Area Toll Authority | ||
RB
(Build America Bonds) Series
2009F2 |
|
|
6.26%,
04/01/49
|
500,000 |
575,650 |
RB
(Build America Bonds) Series
2010S1 |
|
|
7.04%,
04/01/50
|
300,000 |
368,638 |
RB
(Build America Bonds) Series
2010S3 |
|
|
6.91%,
10/01/50
|
350,000 |
428,486 |
California | ||
GO
(Build America Bonds) Series 2009 |
|
|
7.50%,
04/01/34
|
1,050,000 |
1,275,063 |
GO
(Build America Bonds) Series 2009 |
|
|
7.55%,
04/01/39
|
1,000,000 |
1,263,925 |
GO
(Build America Bonds) Series 2009 |
|
|
7.30%,
10/01/39
|
800,000 |
971,407 |
GO
(Build America Bonds) Series 2009 |
|
|
7.35%,
11/01/39
|
615,000 |
750,246 |
California
State University | ||
RB
Series 2017B |
|
|
3.90%,
11/01/47(a) |
100,000 |
82,804 |
Series
B |
|
|
2.72%,
11/01/52
|
400,000 |
256,814 |
Chicago
O'Hare International Airport | ||
RB
(Build America Bonds) Series
2010B |
|
|
6.40%,
01/01/40
|
150,000 |
167,217 |
Series
C |
|
|
4.47%,
01/01/49
|
150,000 |
133,829 |
Series
C |
|
|
4.57%,
01/01/54
|
50,000 |
45,062 |
Chicago
Transit Authority Sales & Transfer Tax Receipts
Revenue | ||
RB
(Pension Funding) Series 2008A |
|
|
6.90%,
12/01/40
|
435,000 |
481,342 |
RB
(Pension Funding) Series 2008B |
|
|
6.90%,
12/01/40
|
195,000 |
215,995 |
City
of Atlanta GA Water & Wastewater Revenue | ||
2.26%,
11/01/35
(a) |
125,000 |
93,802 |
City
of Houston TX | ||
GO
Bonds (Pension Funding) Series
2017 |
|
|
3.96%,
03/01/47
|
255,000 |
220,506 |
City
of San Antonio TX Electric & Gas Systems
Revenue | ||
2.91%,
02/01/48(a) |
125,000 |
87,201 |
RB
(Build America Bonds) Series 2009 |
|
|
5.99%,
02/01/39
|
150,000 |
161,555 |
RB
Series 2012 |
|
|
4.43%,
02/01/42
|
200,000 |
182,548 |
City
of San Francisco CA Public Utilities Commission Water
Revenue | ||
RB
(Build America Bonds) Series 2010 |
|
|
6.95%,
11/01/50
|
150,000 |
182,310 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
A |
|
|
3.30%,
11/01/39(a) |
250,000 |
196,964 |
City
of Tucson AZ | ||
Series
A, (AGM) |
|
|
2.86%,
07/01/47
|
650,000 |
440,166 |
Commonwealth
Financing Authority | ||
Series
A |
|
|
4.14%,
06/01/38
|
215,000 |
188,645 |
Commonwealth
of Massachusetts | ||
GO
(Build America Bonds) Series 2009 |
|
|
5.46%,
12/01/39
|
100,000 |
103,014 |
GO
(Build America Bonds) Series
2010D |
|
|
4.50%,
08/01/31
|
400,000 |
389,962 |
Series
D |
|
|
2.66%,
09/01/39
|
143,092 |
110,845 |
Series
D |
|
|
2.81%,
09/01/43
|
150,000 |
106,182 |
Series
H |
|
|
2.90%,
09/01/49
|
300,000 |
202,239 |
Commonwealth
of Massachusetts Transportation Fund Revenue | ||
RB
(Build America Bonds) Series 2010 |
|
|
5.73%,
06/01/40
|
200,000 |
207,550 |
Connecticut | ||
GO
Bonds Series 2008A |
|
|
5.85%,
03/15/32
|
400,000 |
422,325 |
County
of Clark Department of Aviation | ||
RB
(Build America Bonds) Series
2010C |
|
|
6.82%,
07/01/45
|
350,000 |
416,413 |
County
of Cook IL | ||
GO
(Build America Bonds) Series D |
|
|
6.23%,
11/15/34
|
50,000 |
53,694 |
County
of Miami-Dade FL Water & Sewer System Revenue | ||
Series
C |
|
|
3.49%,
10/01/42
(a) |
150,000 |
119,777 |
Dallas
Area Rapid Transit | ||
RB
(Build America Bonds) Series 2010 |
|
|
5.02%,
12/01/48
|
250,000 |
242,622 |
Series
B |
|
|
6.00%,
12/01/44
|
300,000 |
330,580 |
Dallas
County Hospital District | ||
GO
(Build America Bonds) Series C |
|
|
5.62%,
08/15/44
|
150,000 |
157,964 |
Dallas
Fort Worth International Airport | ||
Series
A |
|
|
2.99%,
11/01/38
|
150,000 |
120,134 |
Series
A |
|
|
3.14%,
11/01/45
|
20,000 |
14,896 |
Series
C |
|
|
3.09%,
11/01/40(a) |
160,000 |
121,101 |
Dallas
Independent School District | ||
GO
(Build America Bonds) Series
2010C |
|
|
6.45%,
02/15/35
(a) |
350,000 |
356,014 |
Dallas/Fort
Worth International Airport | ||
RB
Series 2020C |
|
|
2.92%,
11/01/50
|
150,000 |
104,990 |
District
of Columbia | ||
Series
E |
|
|
5.59%,
12/01/34
|
350,000 |
363,378 |
District
of Columbia Water & Sewer Authority | ||
RB
Series 2014A |
|
|
4.81%,
10/01/14
|
185,000 |
159,932 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
East
Bay Municipal Utility District Water System
Revenue | ||
Water
System RB (Build America
Bonds)
Series 2010 |
|
|
5.87%,
06/01/40
|
50,000 |
54,358 |
Foothill-Eastern
Transportation Corridor Agency | ||
Series
A |
|
|
4.09%,
01/15/49(a) |
100,000 |
76,402 |
Series
A |
|
|
3.92%,
01/15/53(a) |
100,000 |
71,546 |
Golden
State Tobacco Securitization Corp. | ||
3.00%,
06/01/46
|
175,000 |
157,558 |
Grand
Parkway Transportation Corp. | ||
RB
Series 2013E |
|
|
5.18%,
10/01/42
|
200,000 |
202,975 |
Series
B |
|
|
3.24%,
10/01/52(a) |
300,000 |
214,485 |
Illinois | ||
4.95%,
06/01/23
|
150,000 |
149,672 |
GO
(Build America Bonds) Series 2010 |
|
|
6.63%,
02/01/35
|
150,000 |
152,205 |
GO
(Build America Bonds) Series 2010 |
|
|
6.73%,
04/01/35
|
125,000 |
128,330 |
GO
Bonds (Pension Funding) Series
2003 |
|
|
5.10%,
06/01/33
|
2,445,000 |
2,341,529 |
JobsOhio
Beverage System | ||
RB
(Build America Bonds) Series B |
|
|
3.99%,
01/01/29
|
100,000 |
97,322 |
Series
B |
|
|
4.53%,
01/01/35
|
200,000 |
192,851 |
Los
Angeles Community College District | ||
GO
(Build America Bonds) Series 2010 |
|
|
6.75%,
08/01/49
|
85,000 |
106,025 |
GO
Bonds Series 2020 |
|
|
1.61%,
08/01/28
|
125,000 |
106,858 |
GO
Bonds Series 2020 |
|
|
1.81%,
08/01/30
|
200,000 |
163,311 |
GO
Bonds Series 2020 |
|
|
2.11%,
08/01/32(a) |
350,000 |
273,879 |
Los
Angeles Department of Water & Power System
Revenue | ||
RB
(Build America Bonds) Series 2010 |
|
|
6.57%,
07/01/45
|
250,000 |
294,587 |
Los
Angeles Unified School District | ||
GO
(Build America Bonds) Series 2009 |
|
|
5.76%,
07/01/29
|
300,000 |
309,445 |
GO
(Build America Bonds) Series 2009 |
|
|
5.75%,
07/01/34
|
225,000 |
235,002 |
GO
(Build America Bonds) Series 2010 |
|
|
6.76%,
07/01/34
|
450,000 |
503,537 |
Maryland
Health & Higher Educational Facilities
Authority | ||
RB
Series D |
|
|
3.05%,
07/01/40(a) |
100,000 |
70,645 |
RB
Series D |
|
|
3.20%,
07/01/50
|
100,000 |
66,471 |
Massachusetts
School Building Authority | ||
RB
Series B |
|
|
1.75%,
08/15/30
|
500,000 |
406,968 |
RB
Series B |
|
|
3.40%,
10/15/40(a) |
100,000 |
79,178 |
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 |
190,928 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Metropolitan
Transportation Authority | ||
RB
(Build America Bonds) Series C |
|
|
7.34%,
11/15/39
|
350,000 |
428,817 |
RB
(Build America Bonds) Series E |
|
|
6.81%,
11/15/40
|
650,000 |
703,258 |
Metropolitan
Water Reclamation District of Greater Chicago | ||
5.72%,
12/01/38
|
250,000 |
262,337 |
Michigan
Finance Authority | ||
RB
Series 2019 |
|
|
3.38%,
12/01/40
|
350,000 |
278,633 |
Michigan
State Building Authority | ||
RB
Series 2020 |
|
|
2.71%,
10/15/40
(a) |
250,000 |
180,588 |
Missouri
Health & Educational Facilities Authority | ||
RB
Series 2017A |
|
|
3.65%,
08/15/57
(a) |
75,000 |
56,655 |
Municipal
Electric Authority of Georgia | ||
RB
(Build America Bonds) Series 2010 |
|
|
6.66%,
04/01/57
|
147,000 |
156,377 |
RB
(Build America Bonds) Series A |
|
|
6.64%,
04/01/57
|
240,000 |
257,296 |
New
Jersey Economic Development Authority | ||
Series
A |
|
|
7.43%,
02/15/29
|
516,000 |
555,743 |
New
Jersey Transportation Trust Fund Authority | ||
RB
(Build America Bonds) Series
2010C |
|
|
5.75%,
12/15/28
|
400,000 |
403,007 |
RB
(Build America Bonds) Series B |
|
|
6.56%,
12/15/40
|
50,000 |
53,607 |
RB
Series 2019B |
|
|
4.13%,
06/15/42
|
250,000 |
201,203 |
New
Jersey Turnpike Authority | ||
RB
(Build America Bonds) Series 2009F |
|
|
7.41%,
01/01/40
|
500,000 |
618,683 |
RB
(Build America Bonds) Series
2010A |
|
|
7.10%,
01/01/41
|
650,000 |
781,587 |
New
York City Transitional Finance Authority | ||
RB
(Build America Bonds) Series
2011A1 |
|
|
5.51%,
08/01/37
|
450,000 |
455,727 |
New
York City Water & Sewer System | ||
Water
System RB (Build America
Bonds) |
|
|
6.01%,
06/15/42
|
250,000 |
274,972 |
Water
System RB (Build America
Bonds)
Series 2009 |
|
|
5.75%,
06/15/41
|
300,000 |
322,085 |
Water
System RB (Build America
Bonds)
Series 2011CC |
|
|
5.88%,
06/15/44
|
250,000 |
274,131 |
New
York State Dormitory Authority | ||
RB
(Build America Bonds) Series 2010 |
|
|
5.60%,
03/15/40
|
200,000 |
205,635 |
RB
Series 2009F |
|
|
5.63%,
03/15/39
|
200,000 |
205,084 |
Series
B |
|
|
3.14%,
07/01/43
|
200,000 |
155,565 |
Series
F |
|
|
3.11%,
02/15/39
|
200,000 |
156,855 |
New
York State Thruway Authority | ||
Series
M |
|
|
2.90%,
01/01/35
|
150,000 |
122,561 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
New
York State Urban Development Corp. | ||
RB
(Build America Bonds) Series 2009 |
|
|
5.77%,
03/15/39
|
185,000 |
190,401 |
North
Texas Tollway Authority | ||
RB
(Build America Bonds) Series
2009B |
|
|
6.72%,
01/01/49
|
350,000 |
419,415 |
Ohio
State University | ||
RB
(Build America Bonds) Series
2010C |
|
|
4.91%,
06/01/40
|
650,000 |
657,470 |
Series
A |
|
|
3.80%,
12/01/46
|
75,000 |
62,621 |
Ohio
Turnpike & Infrastructure Commission | ||
RB
Series A |
|
|
3.22%,
02/15/48
(a) |
100,000 |
70,716 |
Oregon | ||
GO
Bonds (Pension Funding) Series
2003 |
|
|
5.89%,
06/01/27
|
300,000 |
309,116 |
Oregon
School Boards Association | ||
Series
B |
|
|
5.55%,
06/30/28
|
500,000 |
509,642 |
Port
Authority of New York & New Jersey | ||
Consolidated
Bonds 164th Series |
|
|
5.65%,
11/01/40
|
240,000 |
252,490 |
Consolidated
Bonds 165th Series |
|
|
5.65%,
11/01/40
|
200,000 |
210,408 |
Consolidated
Bonds 168th Series |
|
|
4.93%,
10/01/51
|
650,000 |
618,079 |
Consolidated
Bonds 174th Series |
|
|
4.46%,
10/01/62
|
950,000 |
828,706 |
Consolidated
Bonds 181st Series |
|
|
4.96%,
08/01/46
|
200,000 |
193,677 |
Regents
of the University of California Medical Center Pooled
Revenue | ||
6.55%,
05/15/48
|
100,000 |
113,857 |
6.58%,
05/15/49
|
200,000 |
227,523 |
Series
N |
|
|
3.01%,
05/15/50(a) |
200,000 |
132,138 |
Regional
Transportation District Sales Tax Revenue | ||
Series
B |
|
|
5.84%,
11/01/50
|
200,000 |
215,351 |
Rutgers
The State University of New Jersey | ||
Series
P |
|
|
3.92%,
05/01/19(a) |
150,000 |
99,161 |
Series
R |
|
|
3.27%,
05/01/43
|
100,000 |
76,166 |
Sales
Tax Securitization Corp. | ||
RB
Series 2017B |
|
|
3.59%,
01/01/43
|
200,000 |
157,999 |
RB
Series B |
|
|
3.82%,
01/01/48
|
250,000 |
190,322 |
Salt
River Project Agricultural Improvement & Power
District | ||
RB
(Build America Bonds) Series 2010 |
|
|
4.84%,
01/01/41
|
75,000 |
73,182 |
San
Diego County Regional Transportation Commission | ||
RB
(Build America Bonds) Series
2010A |
|
|
5.91%,
04/01/48
|
300,000 |
319,103 |
San
Diego County Water Authority | ||
RB
(Build America Bonds) Series
2010B |
|
|
6.14%,
05/01/49
|
350,000 |
385,818 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
San
Jose Redevelopment Agency Successor Agency | ||
Series
A |
|
|
3.38%,
08/01/34
(a) |
500,000 |
436,727 |
Santa
Clara Valley Transportation Authority | ||
RB
(Build America Bonds) Series 2010 |
|
|
5.88%,
04/01/32
|
150,000 |
154,680 |
State
Board of Administration Finance Corp. | ||
Series
A |
|
|
1.26%,
07/01/25
|
350,000 |
319,619 |
Series
A |
|
|
1.71%,
07/01/27
|
350,000 |
302,387 |
Series
A |
|
|
2.15%,
07/01/30
|
350,000 |
286,422 |
State
of California | ||
2.38%,
10/01/26
|
175,000 |
161,222 |
7.63%,
03/01/40
|
100,000 |
125,955 |
GO
Bonds |
|
|
7.60%,
11/01/40
|
300,000 |
384,366 |
State
of Illinois | ||
GO
(Build America Bonds) Series 2010 |
|
|
7.35%,
07/01/35
|
139,286 |
145,869 |
State
of Oregon Department of Transportation | ||
RB
(Build America Bonds) Series
2010A |
|
|
5.83%,
11/15/34
|
125,000 |
134,019 |
Texas | ||
GO
(Build America Bonds) Series
2010A |
|
|
4.68%,
04/01/40
|
500,000 |
484,855 |
GO
Mobility Fund Bonds (Build
America
Bonds) Series 2009A |
|
|
5.52%,
04/01/39
|
500,000 |
527,736 |
Texas
Private Activity Bond Surface Transportation
Corp. | ||
RB
Series B |
|
|
3.92%,
12/31/49
|
350,000 |
261,571 |
Texas
Transportation Commission | ||
GO
Bonds Series 2020 |
|
|
2.47%,
10/01/44(a) |
350,000 |
240,553 |
RB
(Build America Bonds) Series B |
|
|
5.18%,
04/01/30
|
130,000 |
132,834 |
University
of California | ||
RB
(Build America Bonds) Series 2009 |
|
|
5.77%,
05/15/43
|
300,000 |
317,285 |
RB
Series 2013AJ |
|
|
4.60%,
05/15/31
|
250,000 |
245,700 |
RB
Series 2015AQ |
|
|
4.77%,
05/15/15
|
300,000 |
246,353 |
RB
Series AD |
|
|
4.86%,
05/15/12
|
400,000 |
339,262 |
RB
Series AS |
|
|
5.95%,
05/15/45
|
250,000 |
267,726 |
RB
Series BG |
|
|
1.61%,
05/15/30(a) |
250,000 |
197,372 |
RB
Series BJ |
|
|
3.07%,
05/15/51(a) |
250,000 |
168,018 |
University
of Michigan | ||
Series
B |
|
|
2.44%,
04/01/40
(a) |
250,000 |
178,282 |
University
of Pittsburgh-of the Commonwealth System of Higher
Education | ||
RB
Series 2019A |
|
|
3.56%,
09/15/19
(a) |
250,000 |
155,702 |
University
of Texas System | ||
RB
(Build America Bonds) Series C |
|
|
4.79%,
08/15/46
|
50,000 |
49,323 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
University
of Virginia | ||
General
Revenue Pledge and Refunding
Bonds,
Series 2020 |
|
|
2.26%,
09/01/50(a) |
400,000 |
239,238 |
Series
B |
|
|
2.58%,
11/01/51(a) |
250,000 |
159,373 |
Series
C |
|
|
4.18%,
09/01/17(a) |
150,000 |
110,587 |
Utah | ||
GO
(Build America Bonds) Series B |
|
|
3.54%,
07/01/25
|
165,165 |
162,315 |
GO
(Build America Bonds) Series D |
|
|
4.55%,
07/01/24
|
130,000 |
129,684 |
Westchester
County Local Development Corp. | ||
RB
Series 2020 |
|
|
3.85%,
11/01/50
(a) |
250,000 |
171,612 |
Wisconsin | ||
RB
Series A |
|
|
5.70%,
05/01/26
|
325,000 |
329,474 |
|
|
41,668,077 |
|
|
58,014,366 |
| ||
Sovereign
1.0%
| ||
Canada
0.0%
| ||
Canada
Government International Bond | ||
1.63%,
01/22/25
|
1,050,000 |
993,076 |
2.88%,
04/28/25
|
750,000 |
724,866 |
0.75%,
05/19/26
|
250,000 |
222,472 |
|
|
1,940,414 |
Chile
0.1%
| ||
Chile
Government International Bond | ||
3.13%,
03/27/25
|
200,000 |
193,692 |
3.13%,
01/21/26
|
200,000 |
189,984 |
2.75%,
01/31/27(a) |
500,000 |
461,241 |
3.24%,
02/06/28(a) |
550,000 |
512,065 |
2.45%,
01/31/31(a) |
650,000 |
541,301 |
2.55%,
01/27/32(a) |
600,000 |
492,878 |
2.55%,
07/27/33(a) |
500,000 |
393,008 |
3.50%,
01/31/34(a) |
500,000 |
427,892 |
3.10%,
05/07/41(a) |
400,000 |
288,415 |
4.34%,
03/07/42(a) |
250,000 |
212,021 |
3.63%,
10/30/42
|
100,000 |
76,578 |
3.86%,
06/21/47
|
450,000 |
352,693 |
3.50%,
01/25/50(a) |
850,000 |
618,249 |
4.00%,
01/31/52(a) |
350,000 |
271,271 |
3.10%,
01/22/61(a) |
650,000 |
407,236 |
3.25%,
09/21/71(a) |
350,000 |
217,155 |
|
|
5,655,679 |
Hungary
0.0%
| ||
Hungary
Government International Bond | ||
5.38%,
03/25/24
|
550,000 |
550,130 |
7.63%,
03/29/41
|
400,000 |
437,082 |
|
|
987,212 |
Indonesia
0.1%
| ||
Indonesia
Government International Bond | ||
3.50%,
01/11/28
|
450,000 |
428,746 |
4.10%,
04/24/28
|
250,000 |
246,308 |
4.75%,
02/11/29
|
400,000 |
402,003 |
3.40%,
09/18/29
|
200,000 |
184,733 |
2.85%,
02/14/30
|
600,000 |
540,043 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.85%,
10/15/30
|
550,000 |
520,689 |
1.85%,
03/12/31(d) |
400,000 |
325,843 |
3.55%,
03/31/32(a) |
350,000 |
319,335 |
4.35%,
01/11/48
|
700,000 |
604,276 |
5.35%,
02/11/49
|
300,000 |
292,794 |
3.70%,
10/30/49
|
200,000 |
155,124 |
3.50%,
02/14/50
|
500,000 |
373,201 |
4.20%,
10/15/50
|
650,000 |
538,599 |
3.05%,
03/12/51
|
350,000 |
254,152 |
4.45%,
04/15/70
|
450,000 |
378,394 |
3.35%,
03/12/71
|
200,000 |
133,811 |
|
|
5,698,051 |
Israel
0.1%
| ||
Israel
Government International Bond | ||
2.88%,
03/16/26
|
300,000 |
285,580 |
3.25%,
01/17/28
|
300,000 |
284,730 |
2.50%,
01/15/30
|
300,000 |
268,590 |
2.75%,
07/03/30
|
500,000 |
455,170 |
4.50%,
01/30/43
|
400,000 |
372,948 |
4.13%,
01/17/48
|
250,000 |
219,577 |
3.38%,
01/15/50
|
600,000 |
460,586 |
3.88%,
07/03/50
|
650,000 |
546,058 |
4.50%,
04/03/20
|
300,000 |
263,242 |
|
|
3,156,481 |
Italy
0.1%
| ||
Italy
Government International Bond | ||
2.38%,
10/17/24
|
1,200,000 |
1,131,837 |
1.25%,
02/17/26
|
800,000 |
695,978 |
2.88%,
10/17/29
|
700,000 |
582,086 |
5.38%,
06/15/33
|
604,000 |
580,124 |
4.00%,
10/17/49
|
750,000 |
538,174 |
3.88%,
05/06/51
|
750,000 |
498,073 |
|
|
4,026,272 |
Mexico
0.2%
| ||
Mexico
Government International Bond | ||
3.90%,
04/27/25(a) |
200,000 |
197,578 |
4.13%,
01/21/26
|
700,000 |
683,581 |
4.15%,
03/28/27
|
800,000 |
781,240 |
3.75%,
01/11/28
|
650,000 |
615,284 |
4.50%,
04/22/29
|
1,050,000 |
1,004,739 |
3.25%,
04/16/30(a) |
800,000 |
699,038 |
2.66%,
05/24/31(a) |
1,050,000 |
848,917 |
8.30%,
08/15/31
|
350,000 |
412,413 |
4.75%,
04/27/32(a) |
850,000 |
798,221 |
7.50%,
04/08/33
|
250,000 |
280,279 |
6.75%,
09/27/34
|
650,000 |
681,612 |
6.05%,
01/11/40
|
850,000 |
826,428 |
4.28%,
08/14/41(a) |
750,000 |
580,327 |
4.75%,
03/08/44
|
1,200,000 |
970,545 |
5.55%,
01/21/45
|
800,000 |
719,816 |
4.60%,
01/23/46
|
800,000 |
623,844 |
4.35%,
01/15/47
|
450,000 |
338,175 |
4.60%,
02/10/48
|
800,000 |
620,171 |
4.50%,
01/31/50(a) |
725,000 |
552,481 |
5.00%,
04/27/51(a) |
850,000 |
692,428 |
3.77%,
05/24/61(a) |
1,050,000 |
667,101 |
5.75%,
10/12/10
|
850,000 |
718,630 |
|
|
14,312,848 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Panama
0.1%
| ||
Panama
Government International Bond | ||
3.75%,
03/16/25(a) |
400,000 |
387,422 |
7.13%,
01/29/26
|
350,000 |
370,245 |
8.88%,
09/30/27
|
250,000 |
288,899 |
3.88%,
03/17/28(a) |
400,000 |
378,634 |
9.38%,
04/01/29
|
300,000 |
357,989 |
3.16%,
01/23/30(a) |
625,000 |
538,964 |
2.25%,
09/29/32(a) |
950,000 |
707,348 |
6.70%,
01/26/36
|
550,000 |
576,302 |
4.50%,
05/15/47
|
400,000 |
308,827 |
4.50%,
04/16/50(a) |
800,000 |
606,663 |
4.30%,
04/29/53
|
600,000 |
437,291 |
4.50%,
04/01/56(a) |
850,000 |
625,676 |
3.87%,
07/23/60(a) |
725,000 |
470,579 |
4.50%,
01/19/63(a) |
250,000 |
177,355 |
|
|
6,232,194 |
Peru
0.1%
| ||
Peruvian
Government International Bond | ||
7.35%,
07/21/25
|
500,000 |
525,027 |
2.39%,
01/23/26(a) |
350,000 |
323,286 |
4.13%,
08/25/27
|
500,000 |
481,139 |
2.84%,
06/20/30
|
250,000 |
212,411 |
2.78%,
01/23/31(a) |
1,050,000 |
873,547 |
1.86%,
12/01/32(a) |
425,000 |
311,436 |
8.75%,
11/21/33
|
450,000 |
550,684 |
3.00%,
01/15/34(a) |
500,000 |
396,258 |
6.55%,
03/14/37
|
350,000 |
370,348 |
3.30%,
03/11/41(a) |
450,000 |
329,446 |
5.63%,
11/18/50
|
700,000 |
695,403 |
3.55%,
03/10/51(a) |
400,000 |
286,053 |
2.78%,
12/01/60(a) |
650,000 |
381,703 |
3.60%,
01/15/72(a) |
350,000 |
229,483 |
3.23%,
07/28/21(a) |
250,000 |
146,664 |
|
|
6,112,888 |
Philippines
0.1%
| ||
Philippine
Government International Bond | ||
4.20%,
01/21/24
|
550,000 |
546,293 |
9.50%,
10/21/24
|
100,000 |
108,935 |
10.63%,
03/16/25
|
300,000 |
339,541 |
5.50%,
03/30/26
|
400,000 |
411,212 |
3.00%,
02/01/28
|
650,000 |
606,369 |
3.75%,
01/14/29
|
600,000 |
574,815 |
9.50%,
02/02/30
|
725,000 |
925,149 |
2.46%,
05/05/30
|
350,000 |
306,769 |
7.75%,
01/14/31
|
750,000 |
897,601 |
1.65%,
06/10/31
|
400,000 |
321,075 |
6.38%,
01/15/32
|
350,000 |
390,258 |
6.38%,
10/23/34
|
700,000 |
776,608 |
5.00%,
01/13/37
|
500,000 |
486,720 |
3.95%,
01/20/40
|
725,000 |
615,816 |
3.70%,
03/01/41
|
500,000 |
409,417 |
3.70%,
02/02/42
|
1,050,000 |
857,704 |
2.95%,
05/05/45
|
600,000 |
434,019 |
2.65%,
12/10/45
|
500,000 |
337,072 |
4.20%,
03/29/47
|
100,000 |
85,553 |
|
|
9,430,926 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Poland
0.0%
| ||
Republic
of Poland Government International Bond | ||
4.00%,
01/22/24
|
700,000 |
691,987 |
3.25%,
04/06/26
|
744,000 |
714,613 |
5.75%,
11/16/32(a) |
250,000 |
266,642 |
|
|
1,673,242 |
Republic
of Korea 0.0%
| ||
Korea
International Bond | ||
2.75%,
01/19/27
|
450,000 |
423,342 |
3.50%,
09/20/28
|
200,000 |
191,074 |
2.50%,
06/19/29
|
350,000 |
315,659 |
1.00%,
09/16/30
|
200,000 |
157,966 |
1.75%,
10/15/31
|
200,000 |
164,010 |
4.13%,
06/10/44
|
200,000 |
184,170 |
3.88%,
09/20/48
|
200,000 |
174,957 |
|
|
1,611,178 |
Uruguay
0.1%
| ||
Uruguay
Government International Bond | ||
4.50%,
08/14/24
|
266,666 |
266,767 |
4.38%,
10/27/27
|
550,000 |
556,644 |
4.38%,
01/23/31(a) |
950,000 |
946,871 |
7.63%,
03/21/36
|
300,000 |
381,161 |
4.13%,
11/20/45
|
250,000 |
231,516 |
5.10%,
06/18/50
|
1,000,000 |
984,308 |
4.98%,
04/20/55
|
800,000 |
767,845 |
|
|
4,135,112 |
|
|
64,972,497 |
| ||
Supranational*
1.3%
| ||
African
Development Bank | ||
0.75%,
04/03/23
|
200,000 |
198,096 |
3.38%,
07/07/25
|
300,000 |
292,568 |
0.88%,
07/22/26
|
800,000 |
708,854 |
4.38%,
11/03/27
|
500,000 |
502,741 |
Arab
Petroleum Investments Corp. | ||
1.48%,
10/06/26
(c) |
125,000 |
110,474 |
Asian
Development Bank | ||
1.63%,
01/24/23
|
400,000 |
399,419 |
0.25%,
07/14/23
|
450,000 |
439,464 |
0.25%,
10/06/23
|
750,000 |
724,397 |
2.63%,
01/30/24
|
695,000 |
679,018 |
0.38%,
06/11/24
|
1,400,000 |
1,316,527 |
0.63%,
10/08/24
|
125,000 |
116,623 |
1.50%,
10/18/24
|
1,700,000 |
1,609,697 |
2.00%,
01/22/25
|
1,650,000 |
1,570,852 |
0.63%,
04/29/25
|
1,100,000 |
1,008,898 |
0.38%,
09/03/25
|
750,000 |
675,148 |
0.50%,
02/04/26
|
1,050,000 |
934,168 |
1.00%,
04/14/26
|
500,000 |
449,479 |
2.00%,
04/24/26
|
500,000 |
464,350 |
2.63%,
01/12/27
|
1,000,000 |
942,588 |
1.50%,
01/20/27
|
1,000,000 |
900,417 |
2.50%,
11/02/27
|
1,188,000 |
1,101,215 |
2.75%,
01/19/28
|
250,000 |
233,859 |
1.25%,
06/09/28
|
300,000 |
257,627 |
5.82%,
06/16/28
|
300,000 |
322,468 |
1.88%,
03/15/29
|
550,000 |
481,842 |
1.75%,
09/19/29
|
1,150,000 |
990,873 |
1.88%,
01/24/30
|
1,000,000 |
861,946 |
0.75%,
10/08/30
|
1,150,000 |
895,844 |
1.50%,
03/04/31
|
500,000 |
411,056 |
3.13%,
04/27/32
|
200,000 |
185,567 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Asian
Infrastructure Investment Bank | ||
2.25%,
05/16/24
|
950,000 |
917,641 |
0.50%,
10/30/24
|
1,000,000 |
927,537 |
0.50%,
05/28/25
|
950,000 |
863,274 |
0.50%,
01/27/26
|
1,225,000 |
1,083,758 |
Corp.
Andina de Fomento | ||
3.75%,
11/23/23
|
250,000 |
246,297 |
1.25%,
10/26/24
|
100,000 |
92,918 |
1.63%,
09/23/25
|
500,000 |
456,227 |
5.25%,
11/21/25
|
100,000 |
99,796 |
2.25%,
02/08/27
|
200,000 |
179,633 |
Council
of Europe Development Bank | ||
0.25%,
10/20/23
|
400,000 |
385,520 |
2.50%,
02/27/24
|
315,000 |
306,960 |
1.38%,
02/27/25
|
350,000 |
328,058 |
0.88%,
09/22/26
|
300,000 |
264,663 |
European
Bank for Reconstruction & Development | ||
1.63%,
09/27/24
|
300,000 |
285,196 |
0.50%,
05/19/25
|
850,000 |
775,526 |
0.50%,
11/25/25
|
700,000 |
627,103 |
0.50%,
01/28/26
|
850,000 |
756,850 |
European
Investment Bank | ||
3.13%,
12/14/23
|
550,000 |
541,652 |
3.25%,
01/29/24
|
1,875,000 |
1,844,810 |
2.63%,
03/15/24
|
1,600,000 |
1,560,583 |
2.25%,
06/24/24
|
450,000 |
434,682 |
2.50%,
10/15/24
|
500,000 |
482,913 |
1.88%,
02/10/25
|
1,100,000 |
1,043,883 |
1.63%,
03/14/25
|
1,525,000 |
1,437,535 |
0.63%,
07/25/25
|
1,075,000 |
979,241 |
0.38%,
03/26/26
|
1,450,000 |
1,280,010 |
2.13%,
04/13/26
|
800,000 |
748,179 |
0.75%,
10/26/26
|
625,000 |
549,054 |
1.38%,
03/15/27
|
1,000,000 |
894,926 |
2.38%,
05/24/27
|
667,000 |
620,796 |
1.75%,
03/15/29
|
750,000 |
654,562 |
0.88%,
05/17/30
|
255,000 |
203,555 |
0.75%,
09/23/30
|
300,000 |
235,251 |
1.25%,
02/14/31(d) |
1,400,000 |
1,140,825 |
1.63%,
05/13/31
|
500,000 |
418,031 |
4.88%,
02/15/36
|
950,000 |
1,013,613 |
Inter-American
Development Bank | ||
0.50%,
05/24/23
|
300,000 |
295,167 |
0.25%,
11/15/23
|
250,000 |
240,284 |
2.63%,
01/16/24
|
1,150,000 |
1,124,238 |
3.00%,
02/21/24
|
750,000 |
735,230 |
0.50%,
09/23/24
|
250,000 |
233,097 |
2.13%,
01/15/25
|
1,400,000 |
1,336,578 |
1.75%,
03/14/25
|
1,350,000 |
1,275,015 |
0.88%,
04/03/25
|
650,000 |
601,124 |
0.63%,
07/15/25
|
750,000 |
683,115 |
0.88%,
04/20/26
|
1,250,000 |
1,119,197 |
2.00%,
06/02/26
|
550,000 |
509,351 |
2.00%,
07/23/26
|
500,000 |
462,070 |
2.38%,
07/07/27
|
1,200,000 |
1,111,774 |
0.63%,
09/16/27
|
750,000 |
637,236 |
1.13%,
07/20/28
|
750,000 |
637,317 |
3.13%,
09/18/28
|
1,700,000 |
1,608,142 |
2.25%,
06/18/29
|
1,400,000 |
1,250,119 |
1.13%,
01/13/31
|
550,000 |
439,733 |
3.88%,
10/28/41
|
150,000 |
138,914 |
3.20%,
08/07/42
|
200,000 |
166,681 |
4.38%,
01/24/44
|
350,000 |
344,903 |
International
Bank for Reconstruction & Development | ||
2.50%,
03/19/24
|
1,000,000 |
973,640 |
1.50%,
08/28/24
|
1,350,000 |
1,283,327 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.50%,
11/25/24
|
1,400,000 |
1,347,565 |
1.63%,
01/15/25
|
1,450,000 |
1,371,765 |
0.75%,
03/11/25
|
1,650,000 |
1,524,957 |
0.63%,
04/22/25
|
2,825,000 |
2,592,301 |
0.38%,
07/28/25
|
200,000 |
180,848 |
2.50%,
07/29/25
|
2,075,000 |
1,981,585 |
0.50%,
10/28/25
|
2,000,000 |
1,797,842 |
3.13%,
11/20/25
|
450,000 |
435,235 |
0.88%,
07/15/26
|
750,000 |
667,267 |
1.88%,
10/27/26
|
250,000 |
229,191 |
3.13%,
06/15/27
|
500,000 |
479,407 |
2.50%,
11/22/27
|
200,000 |
185,461 |
0.75%,
11/24/27
|
1,850,000 |
1,573,276 |
1.38%,
04/20/28
|
1,500,000 |
1,302,609 |
1.13%,
09/13/28
|
1,000,000 |
847,946 |
1.75%,
10/23/29
|
950,000 |
817,426 |
0.88%,
05/14/30
|
2,000,000 |
1,592,031 |
0.75%,
08/26/30
|
1,200,000 |
936,752 |
1.25%,
02/10/31
|
1,050,000 |
848,737 |
1.63%,
11/03/31
|
750,000 |
615,739 |
2.50%,
03/29/32
|
1,000,000 |
881,012 |
4.75%,
02/15/35
|
450,000 |
468,214 |
International
Finance Corp. | ||
2.88%,
07/31/23
|
200,000 |
197,805 |
1.38%,
10/16/24
|
750,000 |
708,939 |
0.38%,
07/16/25
|
500,000 |
452,787 |
3.63%,
09/15/25
|
400,000 |
392,813 |
0.75%,
08/27/30
|
750,000 |
586,060 |
Nordic
Investment Bank | ||
0.38%,
05/19/23
|
400,000 |
393,522 |
2.25%,
05/21/24
|
200,000 |
193,408 |
2.63%,
04/04/25
|
400,000 |
384,862 |
0.38%,
09/11/25
|
400,000 |
359,672 |
0.50%,
01/21/26
|
250,000 |
222,662 |
3.38%,
09/08/27
|
100,000 |
96,604 |
|
|
88,339,685 |
Total
Government Related
(Cost
$386,043,945) |
342,498,665 | |
| ||
SECURITIZED
29.8%
OF NET ASSETS
| ||
| ||
Asset-Backed
Securities 0.2%
| ||
Auto
Backed 0.0%
| ||
Ally
Auto Receivables Trust 2019-4 | ||
Series
2019-4, Class A4 |
|
|
1.92%,
01/15/25
(a) |
2,000,000 |
1,977,140 |
Credit
Card 0.2%
| ||
American
Express Credit Account Master Trust | ||
Series
2018-2, Class A |
|
|
3.01%,
10/15/25
(a) |
5,200,000 |
5,181,683 |
Capital
One Multi-Asset Execution Trust | ||
Series
2019-A3, Class A3 |
|
|
2.06%,
08/15/28
(a) |
2,000,000 |
1,826,398 |
Discover
Card Execution Note Trust | ||
Series
2018-A1, Class A1 |
|
|
3.03%,
08/15/25
(a) |
2,100,000 |
2,095,619 |
|
|
9,103,700 |
Utilities
0.0%
| ||
Duke
Energy Florida Project Finance LLC | ||
2.54%,
09/01/29
|
247,412 |
223,842 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Duke
Energy Progress NC Storm Funding LLC | ||
2.39%,
07/01/37
|
125,000 |
101,210 |
PG&E
Energy Recovery Funding LLC | ||
2.82%,
07/15/46
|
100,000 |
70,820 |
PG&E
Wildfire Recovery Funding LLC | ||
3.59%,
06/01/30
|
140,726 |
134,088 |
4.26%,
06/01/36
|
150,000 |
141,099 |
4.38%,
06/01/39
|
125,000 |
112,439 |
4.45%,
12/01/47
|
400,000 |
354,256 |
4.67%,
12/01/51
|
275,000 |
245,093 |
5.10%,
06/01/52
|
300,000 |
286,444 |
|
|
1,669,291 |
|
|
12,750,131 |
| ||
Commercial
Mortgage-Backed Security 2.1%
| ||
BANK | ||
Series
2017-BNK7, Class A5 |
|
|
3.44%,
09/15/60(a) |
1,000,000 |
924,011 |
Series
2017-BNK8, Class A4 |
|
|
3.49%,
11/15/50(a) |
600,000 |
553,748 |
Series
2017-BNK9, Class A4 |
|
|
3.54%,
11/15/54(a) |
1,000,000 |
926,512 |
Series
2019-BN19, Class A3 |
|
|
3.18%,
08/15/61(a) |
800,000 |
706,680 |
Series
2020-BN26, Class A4 |
|
|
2.40%,
03/15/63(a) |
700,000 |
585,294 |
BBCMS
Mortgage Trust 2018-C2 | ||
Series
2018-C2, Class A4 |
|
|
4.05%,
12/15/51
(a) |
1,150,000 |
1,076,690 |
BBCMS
Mortgage Trust 2022-C15 | ||
Series
2022-C15, Class A5 |
|
|
3.66%,
04/15/55
(a) |
3,145,000 |
2,816,663 |
Benchmark
2019-B12 Mortgage Trust | ||
Series
2019-B12, Class A5 |
|
|
3.12%,
08/15/52
(a) |
1,875,000 |
1,666,039 |
Benchmark
2019-B13 Mortgage Trust | ||
Series
2019-B13, Class A4 |
|
|
2.95%,
08/15/57
(a) |
2,600,000 |
2,278,679 |
Benchmark
2019-B9 Mortgage Trust | ||
Series
2019-B9, Class A5 |
|
|
4.02%,
03/15/52
(a) |
2,600,000 |
2,447,273 |
Benchmark
2020-B16 Mortgage Trust | ||
Series
2020-B16, Class A5 |
|
|
2.73%,
02/15/53
(a) |
1,073,000 |
921,662 |
Benchmark
2020-B18 Mortgage Trust | ||
Series
2020-B18, Class A5 |
|
|
1.93%,
07/15/53
(a) |
1,845,000 |
1,486,824 |
CCUBS
Commercial Mortgage Trust | ||
Series
2017-C1, Class A4 |
|
|
3.54%,
11/15/50
(a) |
1,747,000 |
1,606,841 |
CD
Mortgage Trust | ||
Series
2017-CD3, Class A4 |
|
|
3.63%,
02/10/50
(a) |
1,715,000 |
1,599,262 |
CFCRE
Commercial Mortgage Trust | ||
Series
2016-C3, Class A3 |
|
|
3.87%,
01/10/48(a) |
5,325,000 |
5,076,860 |
Series
2016-C4, Class A4 |
|
|
3.28%,
05/10/58(a) |
1,000,000 |
929,462 |
Series
2016-C7, Class A3 |
|
|
3.84%,
12/10/54(a) |
3,625,000 |
3,415,434 |
Citigroup
Commercial Mortgage Trust | ||
Series
2013-GC17, Class A4 |
|
|
4.13%,
11/10/46(a) |
615,000 |
606,202 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
2014-GC23, Class A4 |
|
|
3.62%,
07/10/47(a) |
1,000,000 |
965,219 |
Series
2014-GC25, Class A4 |
|
|
3.64%,
10/10/47(a) |
210,000 |
202,277 |
Series
2016-GC36, Class A5 |
|
|
3.62%,
02/10/49(a) |
3,350,000 |
3,167,678 |
Series
2016-GC37, Class A4 |
|
|
3.31%,
04/10/49(a) |
600,000 |
561,298 |
Series
2017-C4, Class A4 |
|
|
3.47%,
10/12/50(a) |
5,600,000 |
5,154,942 |
Series
2017-P7, Class A4 |
|
|
3.71%,
04/14/50(a) |
500,000 |
467,798 |
COMM
Mortgage Trust | ||
Series
2013-CR11, Class A3 |
|
|
3.98%,
08/10/50(a) |
449,861 |
447,178 |
Series
2014-CR14, Class A3 |
|
|
3.96%,
02/10/47(a) |
240,000 |
236,713 |
Series
2014-CR16, Class ASB |
|
|
3.65%,
04/10/47(a) |
121,771 |
120,284 |
Series
2014-CR19, Class ASB |
|
|
3.50%,
08/10/47(a) |
138,850 |
136,239 |
Series
2014-CR21, Class A3 |
|
|
3.53%,
12/10/47(a) |
166,813 |
160,732 |
Series
2014-LC15, Class A4 |
|
|
4.01%,
04/10/47(a) |
400,000 |
391,975 |
Series
2015-CR22, Class A5 |
|
|
3.31%,
03/10/48(a) |
750,000 |
714,801 |
Series
2015-CR24, Class A5 |
|
|
3.70%,
08/10/48(a) |
400,000 |
381,541 |
Series
2015-LC23, Class A4 |
|
|
3.77%,
10/10/48(a) |
440,000 |
419,182 |
Series
2015-PC1, Class A5 |
|
|
3.90%,
07/10/50(a) |
497,400 |
478,513 |
Series
2016-CR28, Class A4 |
|
|
3.76%,
02/10/49(a) |
2,700,000 |
2,568,320 |
Series
2016-DC2, Class A5 |
|
|
3.77%,
02/10/49(a) |
100,000 |
95,090 |
CSAIL
Commercial Mortgage Trust | ||
Series
2015-C1, Class A4 |
|
|
3.51%,
04/15/50(a) |
1,308,000 |
1,238,240 |
Series
2015-C3, Class A4 |
|
|
3.72%,
08/15/48(a) |
300,000 |
286,574 |
Series
2019-C17, Class A5 |
|
|
3.02%,
09/15/52(a) |
2,238,000 |
1,944,635 |
CSMC
Trust | ||
Series
2016-NXSR, Class A4 |
|
|
3.79%,
12/15/49
(a)(i) |
100,000 |
94,491 |
Fannie
Mae | ||
Series
2015-M13, Class A2 |
|
|
2.70%,
06/25/25(a)(i) |
102,021 |
97,450 |
Series
2015-M3, Class A2 |
|
|
2.72%,
10/25/24(a) |
376,092 |
364,333 |
Series
2016-M6, Class A2 |
|
|
2.49%,
05/25/26(a) |
2,291,221 |
2,148,307 |
Freddie
Mac | ||
Series
K042, Class A2 |
|
|
2.67%,
12/25/24(a) |
100,000 |
96,310 |
Series
K046, Class A2 |
|
|
3.21%,
03/25/25(a) |
920,000 |
890,020 |
Series
K048, Class A2 |
|
|
3.28%,
06/25/25(a)(i) |
838,000 |
810,922 |
Series
K053, Class A2 |
|
|
3.00%,
12/25/25(a) |
950,000 |
908,862 |
Series
K054, Class A2 |
|
|
2.75%,
01/25/26(a) |
300,000 |
284,782 |
Series
K055, Class A2 |
|
|
2.67%,
03/25/26(a) |
750,000 |
708,645 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
K058, Class A2 |
|
|
2.65%,
08/25/26(a) |
750,000 |
703,661 |
Series
K061, Class A2 |
|
|
3.35%,
11/25/26(a)(i) |
520,000 |
499,105 |
Series
K062, Class A2 |
|
|
3.41%,
12/25/26(a) |
257,767 |
247,655 |
Series
K064, Class A2 |
|
|
3.22%,
03/25/27(a) |
107,000 |
102,001 |
Series
K070, Class A2 |
|
|
3.30%,
11/25/27(a)(i) |
308,000 |
293,364 |
Series
K071, Class A2 |
|
|
3.29%,
11/25/27(a) |
4,768,000 |
4,536,571 |
Series
K072, Class A2 |
|
|
3.44%,
12/25/27(a) |
1,500,000 |
1,437,170 |
Series
K074, Class A2 |
|
|
3.60%,
01/25/28(a) |
8,175,000 |
7,883,645 |
Series
K078, Class A2 |
|
|
3.85%,
06/25/28(a) |
1,183,000 |
1,151,027 |
Series
K083, Class A2 |
|
|
4.05%,
09/25/28(a)(i) |
2,100,000 |
2,055,703 |
Series
K085, Class A2 |
|
|
4.06%,
10/25/28(a)(i) |
900,000 |
878,219 |
Series
K087, Class A2 |
|
|
3.77%,
12/25/28(a) |
2,560,000 |
2,467,130 |
Series
K088, Class A2 |
|
|
3.69%,
01/25/29(a) |
2,600,000 |
2,492,336 |
Series
K089, Class A2 |
|
|
3.56%,
01/25/29(a) |
2,990,000 |
2,845,838 |
Series
K100, Class A2 |
|
|
2.67%,
09/25/29(a) |
800,000 |
716,829 |
Series
K103, Class A2 |
|
|
2.65%,
11/25/29(a) |
2,200,000 |
1,963,849 |
Series
K112, Class A2 |
|
|
1.31%,
05/25/30(a) |
2,000,000 |
1,603,096 |
Series
K-1511, Class A2 |
|
|
3.47%,
03/25/31(a) |
500,000 |
465,920 |
Series
K-1512, Class A2 |
|
|
2.99%,
05/25/31(a) |
1,425,000 |
1,282,000 |
Series
K154, Class A2 |
|
|
3.42%,
04/25/32(a) |
1,760,000 |
1,651,757 |
Series
K155, Class A3 |
|
|
3.75%,
04/25/33(a) |
835,000 |
781,799 |
Series
K157, Class A2 |
|
|
3.99%,
05/25/33(a) |
1,700,000 |
1,643,021 |
Series
K733, Class A2 |
|
|
3.75%,
08/25/25(a)(i) |
1,500,000 |
1,462,461 |
Series
K735, Class A2 |
|
|
2.86%,
05/25/26(a) |
99,449 |
94,287 |
Series
KS03, Class A4 |
|
|
3.16%,
05/25/25(a)(i) |
250,000 |
242,217 |
GS
Mortgage Securities Trust | ||
Series
2013-GC13, Class A5 |
|
|
4.04%,
07/10/46(a)(i) |
649,000 |
643,392 |
Series
2013-GC14, Class A5 |
|
|
4.24%,
08/10/46(a) |
700,000 |
684,803 |
Series
2016-GS4, Class A4 |
|
|
3.44%,
11/10/49(a) |
365,000 |
339,620 |
Series
2020-GC45, Class A5 |
|
|
2.91%,
02/13/53(a) |
3,500,000 |
3,009,209 |
JP
Morgan Chase Commercial Mortgage Securities Trust | ||
Series
2014-C20, Class A4A1 |
|
|
3.54%,
07/15/47(a) |
487,255 |
468,273 |
Series
2015-JP1, Class A4 |
|
|
3.65%,
01/15/49(a) |
600,000 |
570,954 |
JPMBB
Commercial Mortgage Securities Trust | ||
Series
2015-C28, Class A4 |
|
|
3.23%,
10/15/48(a) |
2,000,000 |
1,900,573 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Series
2015-C29, Class A4 |
|
|
3.61%,
05/15/48(a) |
1,000,000 |
955,176 |
Series
2015-C33, Class A4 |
|
|
3.77%,
12/15/48(a) |
1,150,000 |
1,098,951 |
Morgan
Stanley Bank of America Merrill Lynch Trust | ||
Series
2013-C10, Class A4 |
|
|
4.07%,
07/15/46(a)(i) |
180,000 |
178,457 |
Series
2013-C11, Class A4 |
|
|
4.20%,
08/15/46(a)(i) |
1,000,000 |
987,317 |
Series
2014-C16, Class A5 |
|
|
3.89%,
06/15/47(a) |
270,000 |
262,923 |
Series
2015-C24, Class A4 |
|
|
3.73%,
05/15/48(a) |
93,000 |
88,717 |
Series
2015-C24, Class ASB |
|
|
3.48%,
05/15/48(a) |
510,070 |
495,913 |
Morgan
Stanley Capital I Trust | ||
Series
2015-UBS8, Class A4 |
|
|
3.81%,
12/15/48(a) |
400,000 |
380,659 |
Series
2017-H1, Class A4 |
|
|
3.26%,
06/15/50(a) |
250,000 |
231,169 |
Series
2017-HR2, Class A4 |
|
|
3.59%,
12/15/50(a) |
1,300,000 |
1,200,151 |
Series
2020-HR8, Class A4 |
|
|
2.04%,
07/15/53(a) |
3,000,000 |
2,415,543 |
UBS
Commercial Mortgage Trust | ||
Series
2017-C3, Class A4 |
|
|
3.43%,
08/15/50(a) |
1,550,000 |
1,427,864 |
Series
2017-C6, Class A5 |
|
|
3.58%,
12/15/50(a) |
1,000,000 |
923,304 |
Series
2019-C18, Class A4 |
|
|
3.04%,
12/15/52(a) |
500,000 |
433,483 |
Wells
Fargo Commercial Mortgage Trust | ||
Series
2013-LC12, Class A4 |
|
|
4.22%,
07/15/46(a)(i) |
640,000 |
633,487 |
Series
2014-LC16 Class A4 |
|
|
3.55%,
08/15/50(a) |
565,070 |
549,616 |
Series
2015-C28, Class A3 |
|
|
3.29%,
05/15/48(a) |
993,376 |
945,129 |
Series
2015-C30, Class A4 |
|
|
3.66%,
09/15/58(a) |
723,000 |
688,878 |
Series
2015-C31, Class A3 |
|
|
3.43%,
11/15/48(a) |
1,188,128 |
1,140,465 |
Series
2015-P2, Class A4 |
|
|
3.81%,
12/15/48(a) |
1,500,000 |
1,428,051 |
Series
2016-NXS5, Class A4 |
|
|
3.37%,
01/15/59(a) |
1,375,000 |
1,309,996 |
Series
2016-NXS5, Class A6 |
|
|
3.64%,
01/15/59(a) |
2,000,000 |
1,882,424 |
Series
2016-NXS6, Class A4 |
|
|
2.92%,
11/15/49(a) |
150,000 |
137,482 |
Series
2017-C40, Class A4 |
|
|
3.58%,
10/15/50(a) |
1,551,000 |
1,437,807 |
Series
2017-C41, Class A4 |
|
|
3.47%,
11/15/50(a) |
2,000,000 |
1,842,727 |
Series
2018-C44, Class A5 |
|
|
4.21%,
05/15/51(a) |
1,500,000 |
1,423,259 |
Series
2018-C47, Class A3 |
|
|
4.18%,
09/15/61(a) |
1,275,000 |
1,206,439 |
Series
2019-C50, Class A5 |
|
|
3.73%,
05/15/52(a) |
1,000,000 |
914,251 |
Series
2019-C53, Class A4 |
|
|
3.04%,
10/15/52(a) |
4,000,000 |
3,491,161 |
Wells
Fargo Commercial Mortgage Trust 2015-NXS4 | ||
Series
2015-NXS4, Class A4 |
|
|
3.72%,
12/15/48
(a) |
2,000,000 |
1,901,248 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Wells
Fargo Commercial Mortgage Trust 2016-C32 | ||
Series
2016-C32, Class A4 |
|
|
3.56%,
01/15/59
(a) |
500,000 |
472,254 |
Wells
Fargo Commercial Mortgage Trust 2019-C53 | ||
Series
2017-C42, Class A4 |
|
|
3.59%,
12/15/50
(a) |
2,400,000 |
2,213,955 |
Wells
Fargo Commercial Mortgage Trust 2019-C54 | ||
Series
2019-C54, Class A4 |
|
|
3.15%,
12/15/52
(a) |
800,000 |
699,821 |
Wells
Fargo Commercial Mortgage Trust 2020-C55 | ||
Series
2020-C55, Class A5 |
|
|
2.73%,
02/15/53
(a) |
750,000 |
636,594 |
Wells
Fargo Commercial Mortgage Trust 2020-C58 | ||
Series
2020-C58, Class A4 |
|
|
2.09%,
07/15/53
(a) |
3,000,000 |
2,396,803 |
WFRBS
Commercial Mortgage Trust | ||
Series
2013-C14, Class A5 |
|
|
3.34%,
06/15/46(a) |
547,687 |
541,752 |
Series
2013-C15, Class A4 |
|
|
4.15%,
08/15/46(a)(i) |
520,000 |
514,009 |
Series
2014-C19, Class A4 |
|
|
3.83%,
03/15/47(a) |
61,012 |
59,876 |
|
|
142,832,083 |
| ||
Mortgage-Backed
Securities Pass-Through 27.5%
| ||
Fannie
Mae | ||
5.50%,
06/01/24 to 10/01/52 (a) |
7,150,109 |
7,311,018 |
4.50%,
12/01/24 to 09/01/52 (a) |
29,736,545 |
29,320,667 |
3.50%,
10/01/25 to 08/01/51 (a) |
82,378,308 |
76,976,980 |
3.00%,
12/01/25 to 05/01/52 (a) |
129,373,103 |
116,980,411 |
4.00%,
02/01/26 to 08/01/50 (a) |
55,137,183 |
53,031,221 |
2.50%,
07/01/27 to 05/01/52 (a) |
198,214,892 |
171,155,939 |
2.00%,
04/01/28 to 05/01/52 (a) |
267,990,504 |
223,225,224 |
5.00%,
09/01/33 to 08/01/52 (a) |
13,771,724 |
13,834,725 |
6.50%,
08/01/34 to 05/01/40 (a) |
482,297 |
515,882 |
6.00%,
04/01/35 to 07/01/41 (a) |
1,826,974 |
1,913,509 |
1.50%,
09/01/35 to 11/01/51 (a) |
54,023,200 |
44,543,282 |
1.00%,
03/01/36 to 07/01/36 (a) |
1,432,735 |
1,218,275 |
Freddie
Mac | ||
2.00%,
08/01/23 to 04/01/52 (a) |
283,141,198 |
234,681,533 |
5.50%,
05/01/24 to 08/01/41 (a) |
2,013,294 |
2,072,731 |
3.50%,
01/01/26 to 09/01/51 (a) |
49,496,512 |
46,094,931 |
4.00%,
04/01/26 to 07/01/50 (a) |
28,633,229 |
27,513,042 |
3.00%,
08/01/26 to 05/01/52 (a) |
87,154,859 |
78,705,203 |
2.50%,
04/01/27 to 05/01/52 (a) |
171,261,044 |
147,225,399 |
6.00%,
07/01/33 to 07/01/40 (a) |
1,395,985 |
1,462,428 |
5.00%,
11/01/33 to 12/01/49 (a) |
5,093,262 |
5,135,252 |
6.50%,
12/01/33 to 09/01/39 (a) |
185,211 |
198,086 |
4.50%,
05/01/34 to 09/01/52 (a) |
13,090,342 |
12,883,200 |
1.50%,
08/01/35 to 08/01/51 (a) |
66,698,552 |
54,188,662 |
1.00%,
10/01/36(a) |
535,074 |
452,756 |
Ginnie
Mae | ||
3.00%,
01/20/27 to 04/20/52 (a) |
78,980,747 |
71,327,083 |
2.50%,
03/20/27 to 04/20/52 (a) |
99,346,637 |
86,451,806 |
3.50%,
09/20/32 to 06/20/51 (a) |
58,405,980 |
54,735,128 |
5.00%,
03/20/33 to 02/20/48 (a) |
4,184,468 |
4,265,482 |
5.50%,
10/20/33 to 11/20/44 (a) |
597,995 |
618,915 |
2.00%,
04/20/36 to 04/20/52 (a) |
93,616,355 |
78,784,168 |
6.00%,
10/15/36 to 01/20/45 (a) |
534,971 |
564,048 |
4.50%,
01/20/39 to 02/20/50 (a) |
12,730,986 |
12,633,844 |
4.00%,
06/15/39 to 02/20/50 (a) |
26,518,657 |
25,603,971 |
1.50%,
03/20/51 to 10/20/51 (a) |
1,502,814 |
1,201,768 |
Ginnie
Mae II | ||
2.00%,
12/20/51 to 03/20/52 (a) |
13,038,342 |
10,915,606 |
2.50%,
12/20/51 to 03/20/52 (a) |
13,404,698 |
11,606,986 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Ginnie
Mae TBA | ||
3.00%,
01/23/53(a)(j) |
3,500,000 |
3,112,639 |
3.50%,
01/23/53(a)(j) |
5,000,000 |
4,588,620 |
4.00%,
01/23/53(a)(j) |
13,000,000 |
12,296,683 |
4.50%,
01/23/53(a)(j) |
15,000,000 |
14,544,277 |
5.00%,
01/23/53(a)(j) |
10,000,000 |
9,903,184 |
UMBS
TBA | ||
3.50%,
02/25/49(a)(j) |
17,000,000 |
15,444,464 |
4.00%,
01/12/53(a)(j) |
27,500,000 |
25,796,303 |
4.50%,
01/12/53(a)(j) |
24,500,000 |
23,600,603 |
5.00%,
01/12/53(a)(j) |
26,000,000 |
25,628,164 |
5.50%,
01/12/53(a)(j) |
8,000,000 |
8,026,109 |
2.50%,
12/01/53(a)(j) |
14,500,000 |
12,273,563 |
3.00%,
12/01/53(a)(j) |
8,500,000 |
7,459,348 |
|
|
1,872,023,118 |
Total
Securitized
(Cost
$2,343,633,669) |
2,027,605,332 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
2.5%
OF NET ASSETS
| ||
| ||
Money
Market Funds 2.5%
| ||
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 4.12%
(k) |
168,217,046 |
168,217,046 |
State
Street Institutional
U.S.
Government Money Market
Fund,
Premier Class 4.12%
(k)(l) |
2,462,625 |
2,462,625 |
|
|
170,679,671 |
Total
Short-Term Investments
(Cost
$170,679,671) |
170,679,671 | |
Total
Investments in Securities
(Cost
$7,773,906,929) |
6,949,414,689 |
* |
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) |
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 $27,191,649 or 0.4% of net
assets. |
(d) |
All
or a portion of this security is on loan. Securities on loan were valued
at
$2,389,856. |
(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) |
Guaranteed
by the Republic of Germany. |
(h) |
Zero
coupon security. |
(i) |
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. |
(j) |
Security
or a portion of the security purchased on a delayed-delivery or
when-issued
basis. |
(k) |
The
rate shown is the annualized 7-day yield. |
(l) |
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 |
UMBS
— |
Uniform
Mortgage-Backed Securities are single-class securities backed by
mortgage
loans purchased by either Freddie Mac or Fannie
Mae. |
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
12/31/21 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/22 |
FACE
AMOUNT
AT
12/31/22 |
INTEREST
INCOME
EARNED |
CORPORATES
0.1%
OF NET ASSETS
| |||||||||
| |||||||||
Financial
Institutions 0.1%
| |||||||||
Brokerage/Asset
Managers/Exchanges 0.1% | |||||||||
The
Charles Schwab Corp. | |||||||||
2.65%,
01/25/23 |
$229,406 |
$— |
($228,444) |
$367 |
($1,026)
|
($303) |
$— |
$— |
$514 |
3.55%,
02/01/24 |
157,614 |
— |
(25,079) |
(602) |
(6,097) |
(2,485) |
123,351 |
125,000 |
4,891 |
0.75%,
03/18/24 |
448,060 |
— |
(47,679) |
(2,459) |
(16,449) |
(1,052) |
380,421 |
400,000 |
3,235 |
3.75%,
04/01/24 |
84,476 |
— |
— |
— |
(1,671) |
(3,957) |
78,848 |
80,000 |
3,000 |
3.00%,
03/10/25 |
— |
99,691 |
(24,007) |
(924) |
(2,627) |
56 |
72,189 |
75,000 |
1,552 |
4.20%,
03/24/25 |
217,644 |
— |
(53,712) |
(538) |
(10,843) |
(4,135) |
148,416 |
150,000 |
6,417 |
3.63%,
04/01/25 |
106,668 |
— |
— |
— |
(7,164) |
(1,987) |
97,517 |
100,000 |
3,605 |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/21 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/22 |
FACE
AMOUNT
AT
12/31/22 |
INTEREST
INCOME
EARNED |
3.85%,
05/21/25 |
$188,704 |
$25,331 |
$— |
$— |
($15,043) |
($3,596) |
$195,396 |
$200,000 |
$7,130 |
3.45%,
02/13/26 |
107,400 |
— |
(24,208) |
(2,305) |
(6,426) |
(1,752) |
72,709 |
75,000 |
3,206 |
0.90%,
03/11/26 |
366,742 |
— |
(44,432) |
(5,804) |
(27,862) |
(475) |
288,169 |
325,000 |
3,208 |
1.15%,
05/13/26 |
247,038 |
— |
— |
— |
(24,515) |
(54) |
222,469 |
250,000 |
2,875 |
3.20%,
03/02/27 |
214,240 |
— |
(24,449) |
(2,483) |
(19,431) |
(3,035) |
164,842 |
175,000 |
5,900 |
2.45%,
03/03/27 |
— |
437,186 |
(45,913) |
(2,763) |
(24,158) |
1,720 |
366,072 |
400,000 |
7,719 |
3.30%,
04/01/27 |
241,650 |
— |
(48,539) |
(5,472) |
(18,351) |
(3,267) |
166,021 |
175,000 |
6,618 |
3.20%,
01/25/28 |
242,089 |
— |
(49,255) |
(2,687) |
(25,350) |
(1,407) |
163,390 |
175,000 |
6,329 |
2.00%,
03/20/28 |
354,686 |
— |
(21,533) |
(3,691) |
(43,143) |
(551) |
285,768 |
325,000 |
6,874 |
4.00%,
02/01/29 |
224,536 |
— |
(55,102) |
(241) |
(23,677) |
(2,632) |
142,884 |
150,000 |
6,111 |
3.25%,
05/22/29 |
215,274 |
— |
(52,728) |
333 |
(25,700) |
(954) |
136,225 |
150,000 |
4,965 |
2.75%,
10/01/29 |
157,104 |
— |
(23,403) |
(2,805) |
(20,912) |
(795) |
109,189 |
125,000 |
3,634 |
4.63%,
03/22/30 |
177,897 |
— |
(25,554) |
(1,789) |
(25,335) |
(2,328) |
122,891 |
125,000 |
6,372 |
1.65%,
03/11/31 |
240,508 |
— |
(46,579) |
(925) |
(38,008) |
975 |
155,971 |
200,000 |
3,346 |
2.30%,
05/13/31 |
202,140 |
— |
— |
— |
(37,875) |
(446) |
163,819 |
200,000 |
4,600 |
1.95%,
12/01/31 |
245,733 |
— |
(20,483) |
(4,131) |
(44,781) |
353 |
176,691 |
225,000 |
4,633 |
2.90%,
03/03/32 |
— |
288,959 |
(42,873) |
(5,345) |
(28,624) |
651 |
212,768 |
250,000 |
5,915 |
Total |
$4,669,609 |
$851,167 |
($903,972) |
($44,264) |
($495,068) |
($31,456) |
$4,046,016 |
|
$112,649 |
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
|
$— |
$1,628,668,613 |
$— |
$1,628,668,613 |
Treasuries1
|
— |
2,779,962,408 |
— |
2,779,962,408 |
Government
Related1
|
— |
342,498,665 |
— |
342,498,665 |
Securitized1
|
— |
2,027,605,332 |
— |
2,027,605,332 |
Short-Term
Investments1
|
170,679,671 |
— |
— |
170,679,671 |
Total |
$170,679,671 |
$6,778,735,018 |
$— |
$6,949,414,689 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - affiliated (cost
$4,542,247) |
|
$4,046,016 |
Investments
in securities, at value - unaffiliated (cost $7,769,364,682) including
securities on loan of $2,389,856 |
|
6,945,368,673 |
Cash |
|
1,370,006 |
Deposits
with brokers for TBA margin |
|
820,000 |
Receivables: |
|
|
Investments
sold |
|
110,789,535 |
Interest |
|
41,743,291 |
Fund
shares sold |
|
9,158,423 |
Dividends |
|
529,173 |
Income
from securities on loan |
+ |
4,525 |
Total
assets |
|
7,113,829,642 |
| ||
Liabilities | ||
Collateral
held for securities on loan |
|
2,462,625 |
Payables: |
|
|
Investments
bought - delayed-delivery |
|
200,385,903 |
Investments
bought |
|
105,695,792 |
Management
fees |
+ |
175,355 |
Total
liabilities |
|
308,719,675 |
Net
assets |
|
$6,805,109,967 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$7,923,951,467 |
Total
distributable loss |
+ |
(1,118,841,500) |
Net
assets |
|
$6,805,109,967 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$6,805,109,967 |
|
148,900,000 |
|
$45.70 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$174,449,362 |
Dividends
received from securities - unaffiliated
|
|
2,009,847 |
Interest
received from securities - affiliated |
|
81,193 |
Securities
on loan, net |
+ |
52,909 |
Total
investment income
|
|
176,593,311 |
| ||
Expenses | ||
Management
fees |
|
2,679,264 |
Proxy
fees1
|
+ |
146,342 |
Total
expenses |
– |
2,825,606 |
Net
investment income |
|
173,767,705 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(5,105) |
Net
realized losses on sales of securities -
unaffiliated |
|
(262,965,656) |
Net
realized losses on sales of in-kind redemptions -
affiliated |
|
(39,159) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
+ |
(25,639,493) |
Net
realized losses |
|
(288,649,413) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
(495,068) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
+ |
(1,019,688,773) |
Net
change in unrealized appreciation (depreciation) |
+ |
(1,020,183,841) |
Net
realized and unrealized losses |
|
(1,308,833,254) |
Decrease
in net assets resulting from operations |
|
($1,135,065,549) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$173,767,705 |
$157,734,609 |
Net
realized gains (losses) |
|
(288,649,413) |
34,204,386 |
Net
change in unrealized appreciation (depreciation) |
+ |
(1,020,183,841) |
(346,508,432) |
Decrease
in net assets from operations |
|
($1,135,065,549) |
($154,569,437) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($185,912,810) |
($191,909,550) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
12,800,000 |
$619,764,211 |
23,200,000 |
$1,267,931,523 |
Shares
redeemed |
+ |
(32,200,000) |
(1,567,471,655) |
(10,700,000) |
(580,401,838) |
Net
transactions in fund shares
|
|
(19,400,000) |
($947,707,444) |
12,500,000 |
$687,529,685 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
168,300,000 |
$9,073,795,770 |
155,800,000 |
$8,732,745,072 |
Total
increase (decrease) |
+ |
(19,400,000) |
(2,268,685,803) |
12,500,000 |
341,050,698 |
End
of period |
|
148,900,000 |
$6,805,109,967 |
168,300,000 |
$9,073,795,770 |
|
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 |
$50.57 |
$51.37 |
$50.04 |
$50.00 |
|
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
0.75 |
0.50 |
0.89 |
0.23 |
|
|
Net
realized and unrealized gains (losses) |
(3.60) |
(0.82) |
1.74 |
0.02 |
|
|
Total
from investment operations |
(2.85) |
(0.32) |
2.63 |
0.25 |
|
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(0.77) |
(0.48) |
(0.89) |
(0.21) |
|
|
Distributions
from net realized gains |
— |
— |
(0.41) |
— |
|
|
Total
distributions |
(0.77) |
(0.48) |
(1.30) |
(0.21) |
|
|
Net
asset value at end of period |
$46.95 |
$50.57 |
$51.37 |
$50.04 |
|
|
Total
return |
(5.65%) |
(0.64%) |
5.31% |
0.50%3
|
|
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%4,5
|
0.05%6
|
0.05% |
0.06%7,8
|
|
|
Net
investment income (loss) |
1.56% |
0.99% |
1.74% |
2.01%7
|
|
|
Portfolio
turnover rate9
|
14% |
13% |
80% |
12%3
|
|
|
Net
assets, end of period (x 1,000) |
$370,872 |
$609,404 |
$118,146 |
$35,029 |
|
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
Not
annualized. |
4 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
5 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
6 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for period ended 12/31/21 is a blended
ratio. |
7 |
Annualized. |
8 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended 12/31/19 is a blended
ratio. |
9 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
99.0%
OF NET ASSETS
| ||
| ||
Financial
Institutions 46.6%
| ||
Banking
37.4%
| ||
Ally
Financial, Inc. | ||
3.88%,
05/21/24
(a) |
100,000 |
97,550 |
5.13%,
09/30/24
|
120,000 |
119,001 |
4.63%,
03/30/25
|
175,000 |
171,261 |
5.80%,
05/01/25
(a) |
150,000 |
149,508 |
4.75%,
06/09/27
(a) |
150,000 |
141,098 |
7.10%,
11/15/27
(a) |
50,000 |
51,019 |
American
Express Co. | ||
3.40%,
02/22/24
(a) |
200,000 |
196,531 |
3.38%,
05/03/24
|
300,000 |
294,116 |
2.50%,
07/30/24
(a) |
235,000 |
226,216 |
3.00%,
10/30/24
(a) |
265,000 |
256,617 |
2.25%,
03/04/25
(a) |
250,000 |
236,384 |
3.95%,
08/01/25
(a) |
300,000 |
294,139 |
4.20%,
11/06/25
(a) |
125,000 |
123,639 |
3.13%,
05/20/26
(a) |
225,000 |
212,359 |
1.65%,
11/04/26
(a) |
175,000 |
155,285 |
2.55%,
03/04/27
(a) |
300,000 |
273,377 |
3.30%,
05/03/27
(a) |
300,000 |
281,143 |
5.85%,
11/05/27
(a) |
200,000 |
208,057 |
American
Express Credit Corp. | ||
3.30%,
05/03/27
(a) |
125,000 |
118,510 |
Banco
Bilbao Vizcaya Argentaria S.A. | ||
1.13%,
09/18/25
|
200,000 |
179,134 |
6.14%,
09/14/28
(a)(b) |
200,000 |
200,799 |
Banco
Santander S.A. | ||
3.89%,
05/24/24
|
200,000 |
195,774 |
2.71%,
06/27/24
|
200,000 |
192,058 |
3.50%,
03/24/25
|
200,000 |
193,035 |
2.75%,
05/28/25
|
400,000 |
374,617 |
5.15%,
08/18/25
|
200,000 |
198,132 |
5.18%,
11/19/25
|
200,000 |
197,625 |
1.85%,
03/25/26
|
200,000 |
177,831 |
4.25%,
04/11/27
|
200,000 |
190,675 |
5.29%,
08/18/27
|
400,000 |
390,540 |
1.72%,
09/14/27
(a)(b) |
200,000 |
171,371 |
4.18%,
03/24/28
(a)(b) |
200,000 |
185,789 |
Bank
of America Corp. | ||
4.13%,
01/22/24
|
350,000 |
347,476 |
4.00%,
04/01/24
|
325,000 |
321,067 |
4.20%,
08/26/24
|
600,000 |
590,962 |
4.00%,
01/22/25
|
400,000 |
391,806 |
1.84%,
02/04/25
(a)(b) |
200,000 |
191,914 |
3.46%,
03/15/25
(a)(b) |
350,000 |
341,192 |
3.95%,
04/21/25
|
400,000 |
389,781 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
0.98%,
04/22/25
(a)(b) |
350,000 |
328,303 |
3.84%,
04/25/25
(a)(b) |
350,000 |
342,033 |
3.88%,
08/01/25
|
275,000 |
268,046 |
0.98%,
09/25/25
(a)(b) |
325,000 |
300,031 |
3.09%,
10/01/25
(a)(b) |
375,000 |
359,678 |
2.46%,
10/22/25
(a)(b) |
325,000 |
307,421 |
1.53%,
12/06/25
(a)(b) |
100,000 |
92,328 |
3.37%,
01/23/26
(a)(b) |
320,000 |
306,065 |
2.02%,
02/13/26
(a)(b) |
330,000 |
306,419 |
4.45%,
03/03/26
|
325,000 |
318,696 |
3.38%,
04/02/26
(a)(b) |
550,000 |
525,629 |
3.50%,
04/19/26
|
425,000 |
406,047 |
1.32%,
06/19/26
(a)(b) |
600,000 |
540,896 |
4.83%,
07/22/26
(a)(b) |
250,000 |
247,474 |
6.22%,
09/15/26
|
75,000 |
77,875 |
4.25%,
10/22/26
|
350,000 |
338,791 |
1.20%,
10/24/26
(a)(b) |
350,000 |
312,498 |
1.66%,
03/11/27
(a)(b) |
450,000 |
398,074 |
3.56%,
04/23/27
(a)(b) |
500,000 |
469,067 |
1.73%,
07/22/27
(a)(b) |
1,000,000 |
877,138 |
3.25%,
10/21/27
(a) |
400,000 |
370,237 |
4.18%,
11/25/27
(a) |
350,000 |
332,716 |
3.82%,
01/20/28
(a)(b) |
400,000 |
373,828 |
2.55%,
02/04/28
(a)(b) |
425,000 |
377,764 |
3.71%,
04/24/28
(a)(b) |
250,000 |
231,865 |
4.38%,
04/27/28
(a)(b) |
350,000 |
334,917 |
3.59%,
07/21/28
(a)(b) |
300,000 |
276,532 |
4.95%,
07/22/28
(a)(b) |
600,000 |
587,311 |
6.20%,
11/10/28
(a)(b) |
100,000 |
103,037 |
3.42%,
12/20/28
(a)(b) |
1,050,000 |
953,071 |
Bank
of Montreal | ||
3.30%,
02/05/24
|
400,000 |
392,703 |
2.50%,
06/28/24
|
330,000 |
317,810 |
4.25%,
09/14/24
|
100,000 |
98,659 |
1.50%,
01/10/25
|
225,000 |
210,011 |
1.85%,
05/01/25
|
250,000 |
233,660 |
3.70%,
06/07/25
|
300,000 |
291,251 |
1.25%,
09/15/26
|
250,000 |
219,360 |
0.95%,
01/22/27
(a)(b) |
150,000 |
132,776 |
2.65%,
03/08/27
|
200,000 |
183,030 |
4.70%,
09/14/27
(a) |
150,000 |
148,581 |
3.80%,
12/15/32
(a)(b) |
200,000 |
176,509 |
Bank
of New York Mellon Corp. | ||
3.65%,
02/04/24
(a) |
200,000 |
197,106 |
0.50%,
04/26/24
(a) |
100,000 |
94,424 |
3.40%,
05/15/24
(a) |
100,000 |
98,002 |
3.25%,
09/11/24
(a) |
100,000 |
97,334 |
2.10%,
10/24/24
|
275,000 |
262,433 |
3.00%,
02/24/25
(a) |
145,000 |
139,903 |
1.60%,
04/24/25
(a) |
250,000 |
232,408 |
3.35%,
04/25/25
(a) |
100,000 |
96,936 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.95%,
11/18/25
(a) |
75,000 |
73,436 |
5.22%,
11/21/25
(a)(b) |
250,000 |
250,316 |
0.75%,
01/28/26
(a) |
100,000 |
88,748 |
2.80%,
05/04/26
(a) |
200,000 |
187,827 |
2.45%,
08/17/26
(a) |
150,000 |
138,142 |
1.05%,
10/15/26
(a) |
150,000 |
130,581 |
3.25%,
05/16/27
(a) |
150,000 |
141,313 |
3.44%,
02/07/28
(a)(b) |
150,000 |
141,084 |
3.99%,
06/13/28
(a)(b) |
150,000 |
143,727 |
5.80%,
10/25/28
(a)(b) |
200,000 |
206,673 |
Bank
of Nova Scotia | ||
3.40%,
02/11/24
|
225,000 |
221,223 |
0.70%,
04/15/24
|
350,000 |
330,711 |
0.65%,
07/31/24
|
200,000 |
186,520 |
2.20%,
02/03/25
|
230,000 |
216,755 |
3.45%,
04/11/25
|
250,000 |
241,019 |
1.30%,
06/11/25
|
250,000 |
229,198 |
4.50%,
12/16/25
|
325,000 |
319,014 |
1.05%,
03/02/26
|
175,000 |
154,959 |
1.35%,
06/24/26
|
100,000 |
88,878 |
2.70%,
08/03/26
|
200,000 |
185,409 |
1.30%,
09/15/26
|
125,000 |
109,471 |
1.95%,
02/02/27
|
100,000 |
89,157 |
2.95%,
03/11/27
|
175,000 |
161,446 |
BankUnited,
Inc. | ||
4.88%,
11/17/25
(a) |
125,000 |
123,422 |
Barclays
PLC | ||
4.38%,
09/11/24
|
300,000 |
293,948 |
3.65%,
03/16/25
|
375,000 |
360,578 |
3.93%,
05/07/25
(a)(b) |
400,000 |
388,123 |
4.38%,
01/12/26
|
400,000 |
386,923 |
2.85%,
05/07/26
(a)(b) |
250,000 |
232,257 |
5.20%,
05/12/26
|
350,000 |
341,012 |
5.30%,
08/09/26
(a)(b) |
250,000 |
248,453 |
7.33%,
11/02/26
(a)(b) |
200,000 |
207,493 |
2.28%,
11/24/27
(a)(b) |
250,000 |
217,006 |
5.50%,
08/09/28
(a)(b) |
275,000 |
267,583 |
7.39%,
11/02/28
(a)(b) |
200,000 |
208,300 |
BNP
Paribas S.A. | ||
4.25%,
10/15/24
|
200,000 |
195,556 |
BPCE
S.A. | ||
3.38%,
12/02/26
|
250,000 |
234,944 |
Cadence
Bank | ||
4.13%,
11/20/29
(a)(b) |
25,000 |
23,336 |
Canadian
Imperial Bank of Commerce | ||
3.10%,
04/02/24
|
235,000 |
229,383 |
2.25%,
01/28/25
|
225,000 |
212,488 |
3.30%,
04/07/25
|
250,000 |
240,108 |
0.95%,
10/23/25
|
200,000 |
179,835 |
1.25%,
06/22/26
|
175,000 |
154,218 |
3.45%,
04/07/27
|
150,000 |
141,168 |
Capital
One Financial Corp. | ||
3.90%,
01/29/24
(a) |
250,000 |
246,986 |
3.75%,
04/24/24
(a) |
100,000 |
98,181 |
3.30%,
10/30/24
(a) |
200,000 |
193,124 |
3.20%,
02/05/25
(a) |
195,000 |
187,820 |
4.25%,
04/30/25
(a) |
50,000 |
49,103 |
4.17%,
05/09/25
(a)(b) |
75,000 |
73,346 |
4.20%,
10/29/25
(a) |
250,000 |
241,977 |
2.64%,
03/03/26
(a)(b) |
200,000 |
187,594 |
4.99%,
07/24/26
(a)(b) |
200,000 |
196,339 |
3.75%,
07/28/26
(a) |
225,000 |
212,654 |
3.75%,
03/09/27
(a) |
200,000 |
190,087 |
3.65%,
05/11/27
(a) |
150,000 |
141,526 |
1.88%,
11/02/27
(a)(b) |
225,000 |
197,180 |
4.93%,
05/10/28
(a)(b) |
250,000 |
242,417 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Capital
One NA | ||
2.28%,
01/28/26
(a)(b) |
250,000 |
234,534 |
Citibank
NA | ||
3.65%,
01/23/24
(a) |
400,000 |
395,113 |
Citigroup,
Inc. | ||
3.75%,
06/16/24
|
140,000 |
137,836 |
4.00%,
08/05/24
|
95,000 |
93,627 |
3.88%,
03/26/25
|
225,000 |
218,997 |
3.35%,
04/24/25
(a)(b) |
425,000 |
412,229 |
3.30%,
04/27/25
|
225,000 |
217,835 |
0.98%,
05/01/25
(a)(b) |
400,000 |
374,785 |
4.14%,
05/24/25
(a)(b) |
100,000 |
98,520 |
4.40%,
06/10/25
|
500,000 |
491,286 |
5.50%,
09/13/25
|
200,000 |
201,529 |
1.28%,
11/03/25
(a)(b) |
200,000 |
184,443 |
3.70%,
01/12/26
|
425,000 |
409,132 |
2.01%,
01/25/26
(a)(b) |
200,000 |
185,339 |
4.60%,
03/09/26
|
275,000 |
270,860 |
3.29%,
03/17/26
(a)(b) |
300,000 |
285,447 |
3.11%,
04/08/26
(a)(b) |
600,000 |
567,670 |
3.40%,
05/01/26
|
400,000 |
379,909 |
5.61%,
09/29/26
(a)(b) |
425,000 |
426,613 |
3.20%,
10/21/26
(a) |
475,000 |
440,763 |
4.30%,
11/20/26
|
300,000 |
290,222 |
1.12%,
01/28/27
(a)(b) |
450,000 |
392,970 |
1.46%,
06/09/27
(a)(b) |
475,000 |
412,844 |
4.45%,
09/29/27
|
500,000 |
478,023 |
3.89%,
01/10/28
(a)(b) |
450,000 |
421,304 |
3.07%,
02/24/28
(a)(b) |
450,000 |
406,616 |
4.66%,
05/24/28
(a)(b) |
300,000 |
290,496 |
3.67%,
07/24/28
(a)(b) |
200,000 |
184,039 |
3.52%,
10/27/28
(a)(b) |
350,000 |
319,373 |
Citizens
Bank NA | ||
2.25%,
04/28/25
(a) |
250,000 |
233,223 |
3.75%,
02/18/26
(a) |
250,000 |
239,911 |
Citizens
Financial Group, Inc. | ||
2.85%,
07/27/26
(a) |
200,000 |
185,406 |
Comerica
Bank | ||
2.50%,
07/23/24
|
250,000 |
240,094 |
Cooperatieve
Rabobank UA | ||
0.38%,
01/12/24
|
250,000 |
238,375 |
3.38%,
05/21/25
|
350,000 |
339,562 |
4.38%,
08/04/25
|
250,000 |
244,102 |
3.75%,
07/21/26
|
250,000 |
235,706 |
Credit
Suisse AG | ||
0.50%,
02/02/24
|
250,000 |
232,265 |
4.75%,
08/09/24
|
250,000 |
238,957 |
3.63%,
09/09/24
|
300,000 |
280,548 |
3.70%,
02/21/25
|
250,000 |
230,808 |
2.95%,
04/09/25
|
250,000 |
225,713 |
1.25%,
08/07/26
|
275,000 |
222,907 |
5.00%,
07/09/27
|
250,000 |
228,093 |
Credit
Suisse Group AG | ||
3.75%,
03/26/25
|
350,000 |
316,852 |
4.55%,
04/17/26
|
325,000 |
289,723 |
Deutsche
Bank AG | ||
0.90%,
05/28/24
|
150,000 |
140,484 |
3.70%,
05/30/24
|
200,000 |
195,665 |
1.45%,
04/01/25
(a)(b) |
200,000 |
186,133 |
4.50%,
04/01/25
|
275,000 |
262,047 |
3.96%,
11/26/25
(a)(b) |
325,000 |
311,055 |
4.10%,
01/13/26
|
150,000 |
143,969 |
1.69%,
03/19/26
|
250,000 |
224,610 |
6.12%,
07/14/26
(a)(b) |
250,000 |
249,199 |
2.13%,
11/24/26
(a)(b) |
350,000 |
309,319 |
2.31%,
11/16/27
(a)(b) |
150,000 |
127,500 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.55%,
01/07/28
(a)(b) |
200,000 |
170,450 |
4.88%,
12/01/32
(a)(b) |
200,000 |
167,396 |
Discover
Bank | ||
2.45%,
09/12/24
(a) |
250,000 |
237,635 |
4.25%,
03/13/26
|
100,000 |
95,902 |
3.45%,
07/27/26
(a) |
250,000 |
230,659 |
Discover
Financial Services | ||
3.95%,
11/06/24
(a) |
50,000 |
48,733 |
4.50%,
01/30/26
(a) |
50,000 |
48,531 |
4.10%,
02/09/27
(a) |
150,000 |
141,367 |
Fifth
Third Bancorp | ||
4.30%,
01/16/24
(a) |
225,000 |
223,067 |
3.65%,
01/25/24
(a) |
200,000 |
197,267 |
2.38%,
01/28/25
(a) |
170,000 |
161,370 |
2.55%,
05/05/27
(a) |
200,000 |
180,407 |
1.71%,
11/01/27
(a)(b) |
125,000 |
110,628 |
6.36%,
10/27/28
(a)(b) |
100,000 |
103,182 |
Fifth
Third Bank NA | ||
3.95%,
07/28/25
(a) |
250,000 |
246,433 |
5.85%,
10/27/25
(a)(b) |
100,000 |
101,145 |
2.25%,
02/01/27
(a) |
100,000 |
90,374 |
First
Citizens BancShares, Inc. | ||
3.38%,
03/15/30
(a)(b) |
25,000 |
23,671 |
First
Horizon Corp. | ||
4.00%,
05/26/25
(a) |
75,000 |
73,043 |
First-Citizens
Bank & Trust Co. | ||
2.97%,
09/27/25
(a)(b) |
150,000 |
141,933 |
FNB
Corp. | ||
5.15%,
08/25/25
(a) |
50,000 |
49,561 |
Goldman
Sachs Group, Inc. | ||
3.63%,
02/20/24
(a) |
190,000 |
186,873 |
4.00%,
03/03/24
|
425,000 |
419,752 |
3.00%,
03/15/24
|
500,000 |
487,830 |
3.85%,
07/08/24
(a) |
375,000 |
368,094 |
3.50%,
01/23/25
(a) |
375,000 |
363,039 |
1.76%,
01/24/25
(a)(b) |
300,000 |
287,277 |
3.50%,
04/01/25
(a) |
550,000 |
529,686 |
3.75%,
05/22/25
(a) |
400,000 |
387,342 |
3.27%,
09/29/25
(a)(b) |
500,000 |
481,543 |
4.25%,
10/21/25
|
325,000 |
318,174 |
0.86%,
02/12/26
(a)(b) |
250,000 |
226,183 |
3.75%,
02/25/26
(a) |
300,000 |
289,345 |
3.50%,
11/16/26
(a) |
425,000 |
399,543 |
1.09%,
12/09/26
(a)(b) |
375,000 |
331,466 |
5.95%,
01/15/27
|
150,000 |
154,172 |
3.85%,
01/26/27
(a) |
600,000 |
571,588 |
1.43%,
03/09/27
(a)(b) |
575,000 |
504,009 |
4.39%,
06/15/27
(a)(b) |
100,000 |
96,522 |
1.54%,
09/10/27
(a)(b) |
450,000 |
389,040 |
1.95%,
10/21/27
(a)(b) |
675,000 |
589,837 |
2.64%,
02/24/28
(a)(b) |
500,000 |
445,371 |
3.62%,
03/15/28
(a)(b) |
550,000 |
511,257 |
3.69%,
06/05/28
(a)(b) |
300,000 |
278,958 |
4.48%,
08/23/28
(a)(b) |
350,000 |
335,253 |
HSBC
Holdings PLC | ||
4.25%,
03/14/24
|
500,000 |
491,684 |
3.80%,
03/11/25
(a)(b) |
450,000 |
438,909 |
0.98%,
05/24/25
(a)(b) |
200,000 |
185,133 |
4.25%,
08/18/25
|
200,000 |
192,641 |
2.63%,
11/07/25
(a)(b) |
350,000 |
330,018 |
4.18%,
12/09/25
(a)(b) |
200,000 |
194,261 |
4.30%,
03/08/26
|
500,000 |
484,120 |
3.00%,
03/10/26
(a)(b) |
350,000 |
329,290 |
1.65%,
04/18/26
(a)(b) |
450,000 |
406,859 |
3.90%,
05/25/26
|
250,000 |
238,725 |
2.10%,
06/04/26
(a)(b) |
400,000 |
364,811 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.29%,
09/12/26
(a)(b) |
400,000 |
384,086 |
7.34%,
11/03/26
(a)(b) |
300,000 |
312,363 |
4.38%,
11/23/26
|
200,000 |
192,716 |
1.59%,
05/24/27
(a)(b) |
300,000 |
258,951 |
2.25%,
11/22/27
(a)(b) |
550,000 |
477,646 |
4.04%,
03/13/28
(a)(b) |
400,000 |
369,674 |
4.76%,
06/09/28
(a)(b) |
350,000 |
331,826 |
5.21%,
08/11/28
(a)(b) |
350,000 |
337,648 |
2.01%,
09/22/28
(a)(b) |
250,000 |
208,986 |
7.39%,
11/03/28
(a)(b) |
350,000 |
367,565 |
HSBC
USA, Inc. | ||
3.75%,
05/24/24
|
200,000 |
196,478 |
3.50%,
06/23/24
|
100,000 |
97,459 |
Huntington
Bancshares, Inc. | ||
2.63%,
08/06/24
(a) |
100,000 |
96,095 |
4.00%,
05/15/25
(a) |
50,000 |
48,768 |
4.44%,
08/04/28
(a)(b) |
100,000 |
95,338 |
Huntington
National Bank | ||
5.70%,
11/18/25
(a)(b) |
250,000 |
250,864 |
4.55%,
05/17/28
(a)(b) |
250,000 |
241,683 |
ING
Groep N.V. | ||
3.55%,
04/09/24
|
200,000 |
195,758 |
3.87%,
03/28/26
(a)(b) |
200,000 |
192,181 |
3.95%,
03/29/27
|
200,000 |
189,261 |
1.73%,
04/01/27
(a)(b) |
200,000 |
176,460 |
4.02%,
03/28/28
(a)(b) |
200,000 |
186,943 |
JPMorgan
Chase & Co. | ||
3.88%,
02/01/24
|
250,000 |
247,459 |
3.63%,
05/13/24
|
250,000 |
245,838 |
3.88%,
09/10/24
|
475,000 |
465,431 |
4.02%,
12/05/24
(a)(b) |
400,000 |
394,250 |
3.13%,
01/23/25
(a) |
400,000 |
386,508 |
0.56%,
02/16/25
(a)(b) |
200,000 |
188,683 |
3.22%,
03/01/25
(a)(b) |
250,000 |
243,043 |
0.82%,
06/01/25
(a)(b) |
300,000 |
280,106 |
3.85%,
06/14/25
(a)(b) |
300,000 |
293,715 |
0.97%,
06/23/25
(a)(b) |
300,000 |
279,952 |
3.90%,
07/15/25
(a) |
375,000 |
367,126 |
7.75%,
07/15/25
|
50,000 |
53,646 |
0.77%,
08/09/25
(a)(b) |
300,000 |
276,991 |
2.30%,
10/15/25
(a)(b) |
455,000 |
428,898 |
1.56%,
12/10/25
(a)(b) |
450,000 |
416,892 |
5.55%,
12/15/25
(a)(b) |
300,000 |
300,079 |
2.60%,
02/24/26
(a)(b) |
200,000 |
188,225 |
2.01%,
03/13/26
(a)(b) |
400,000 |
370,598 |
3.30%,
04/01/26
(a) |
400,000 |
380,384 |
2.08%,
04/22/26
(a)(b) |
550,000 |
510,700 |
4.08%,
04/26/26
(a)(b) |
400,000 |
389,178 |
3.20%,
06/15/26
(a) |
300,000 |
283,763 |
2.95%,
10/01/26
(a) |
500,000 |
466,849 |
7.63%,
10/15/26
|
50,000 |
54,822 |
1.05%,
11/19/26
(a)(b) |
450,000 |
397,477 |
4.13%,
12/15/26
|
325,000 |
314,826 |
3.96%,
01/29/27
(a)(b) |
400,000 |
382,677 |
1.04%,
02/04/27
(a)(b) |
325,000 |
283,592 |
1.58%,
04/22/27
(a)(b) |
500,000 |
440,555 |
8.00%,
04/29/27
|
75,000 |
83,987 |
1.47%,
09/22/27
(a)(b) |
425,000 |
368,196 |
4.25%,
10/01/27
|
400,000 |
385,400 |
3.63%,
12/01/27
(a) |
100,000 |
92,976 |
3.78%,
02/01/28
(a)(b) |
400,000 |
374,571 |
2.95%,
02/24/28
(a)(b) |
350,000 |
317,324 |
4.32%,
04/26/28
(a)(b) |
500,000 |
477,078 |
3.54%,
05/01/28
(a)(b) |
375,000 |
346,016 |
2.18%,
06/01/28
(a)(b) |
250,000 |
218,632 |
4.85%,
07/25/28
(a)(b) |
500,000 |
488,696 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
KeyBank
NA | ||
4.15%,
08/08/25
|
250,000 |
244,619 |
3.40%,
05/20/26
|
200,000 |
188,062 |
KeyCorp | ||
4.15%,
10/29/25
|
50,000 |
48,845 |
2.25%,
04/06/27
|
200,000 |
178,337 |
Lloyds
Banking Group PLC | ||
3.90%,
03/12/24
|
200,000 |
196,353 |
4.50%,
11/04/24
|
200,000 |
195,564 |
4.45%,
05/08/25
|
300,000 |
294,367 |
3.87%,
07/09/25
(a)(b) |
300,000 |
291,045 |
4.58%,
12/10/25
|
200,000 |
193,566 |
2.44%,
02/05/26
(a)(b) |
200,000 |
186,101 |
3.51%,
03/18/26
(a)(b) |
200,000 |
190,222 |
4.65%,
03/24/26
|
200,000 |
191,439 |
4.72%,
08/11/26
(a)(b) |
200,000 |
195,647 |
3.75%,
01/11/27
|
200,000 |
186,260 |
1.63%,
05/11/27
(a)(b) |
200,000 |
173,209 |
3.75%,
03/18/28
(a)(b) |
200,000 |
184,493 |
3.57%,
11/07/28
(a)(b) |
200,000 |
180,253 |
Manufacturers
& Traders Trust Co. | ||
2.90%,
02/06/25
(a) |
250,000 |
239,569 |
Mitsubishi
UFJ Financial Group, Inc. | ||
3.41%,
03/07/24
|
250,000 |
244,684 |
2.80%,
07/18/24
|
200,000 |
192,711 |
2.19%,
02/25/25
|
400,000 |
374,864 |
3.78%,
03/02/25
|
250,000 |
243,504 |
1.41%,
07/17/25
|
200,000 |
181,775 |
4.79%,
07/18/25
(a)(b) |
225,000 |
222,745 |
0.95%,
07/19/25
(a)(b) |
450,000 |
418,463 |
5.06%,
09/12/25
(a)(b) |
200,000 |
198,818 |
3.85%,
03/01/26
|
400,000 |
383,092 |
2.76%,
09/13/26
|
300,000 |
274,737 |
1.54%,
07/20/27
(a)(b) |
300,000 |
261,145 |
3.29%,
07/25/27
|
200,000 |
184,435 |
1.64%,
10/13/27
(a)(b) |
200,000 |
173,280 |
2.34%,
01/19/28
(a)(b) |
200,000 |
176,420 |
4.08%,
04/19/28
(a)(b) |
200,000 |
188,779 |
5.02%,
07/20/28
(a)(b) |
200,000 |
195,565 |
5.35%,
09/13/28
(a)(b) |
200,000 |
198,474 |
Mizuho
Financial Group, Inc. | ||
2.84%,
07/16/25
(a)(b) |
150,000 |
143,021 |
2.56%,
09/13/25
(a)(b) |
100,000 |
94,487 |
2.23%,
05/25/26
(a)(b) |
200,000 |
184,264 |
2.84%,
09/13/26
|
200,000 |
182,327 |
1.23%,
05/22/27
(a)(b) |
200,000 |
173,585 |
1.55%,
07/09/27
(a)(b) |
200,000 |
174,445 |
3.17%,
09/11/27
|
200,000 |
183,295 |
5.41%,
09/13/28
(a)(b) |
200,000 |
200,236 |
Morgan
Stanley | ||
3.88%,
04/29/24
|
600,000 |
590,951 |
3.70%,
10/23/24
|
500,000 |
488,682 |
0.79%,
01/22/25
(a)(b) |
300,000 |
284,278 |
3.62%,
04/17/25
(a)(b) |
150,000 |
146,521 |
0.79%,
05/30/25
(a)(b) |
600,000 |
559,359 |
2.72%,
07/22/25
(a)(b) |
335,000 |
320,853 |
4.00%,
07/23/25
|
525,000 |
513,379 |
0.86%,
10/21/25
(a)(b) |
250,000 |
229,863 |
1.16%,
10/21/25
(a)(b) |
300,000 |
276,474 |
5.00%,
11/24/25
|
325,000 |
324,309 |
3.88%,
01/27/26
|
525,000 |
508,682 |
2.63%,
02/18/26
(a)(b) |
250,000 |
235,090 |
2.19%,
04/28/26
(a)(b) |
500,000 |
464,475 |
4.68%,
07/17/26
(a)(b) |
300,000 |
295,420 |
3.13%,
07/27/26
|
200,000 |
186,766 |
6.25%,
08/09/26
|
225,000 |
234,936 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.35%,
09/08/26
|
350,000 |
340,350 |
6.14%,
10/16/26
(a)(b) |
200,000 |
204,738 |
0.99%,
12/10/26
(a)(b) |
400,000 |
351,228 |
3.63%,
01/20/27
|
525,000 |
496,167 |
3.95%,
04/23/27
|
375,000 |
355,042 |
1.59%,
05/04/27
(a)(b) |
600,000 |
527,094 |
1.51%,
07/20/27
(a)(b) |
550,000 |
478,322 |
2.48%,
01/21/28
(a)(b) |
400,000 |
355,576 |
4.21%,
04/20/28
(a)(b) |
400,000 |
380,584 |
3.59%,
07/22/28
(a)(b) |
475,000 |
436,996 |
6.30%,
10/18/28
(a)(b) |
350,000 |
361,030 |
National
Australia Bank Ltd. | ||
5.13%,
11/22/24
|
250,000 |
250,792 |
2.50%,
07/12/26
|
500,000 |
461,090 |
3.91%,
06/09/27
|
250,000 |
239,952 |
Natwest
Group PLC | ||
4.27%,
03/22/25
(a)(b) |
300,000 |
293,199 |
4.80%,
04/05/26
|
300,000 |
293,572 |
7.47%,
11/10/26
(a)(b) |
200,000 |
208,440 |
1.64%,
06/14/27
(a)(b) |
250,000 |
216,970 |
3.07%,
05/22/28
(a)(b) |
250,000 |
223,648 |
5.52%,
09/30/28
(a)(b) |
200,000 |
198,214 |
Northern
Trust Corp. | ||
3.95%,
10/30/25
|
125,000 |
122,545 |
4.00%,
05/10/27
(a) |
200,000 |
195,728 |
3.38%,
05/08/32
(a)(b) |
50,000 |
45,576 |
PNC
Bank NA | ||
3.30%,
10/30/24
(a) |
100,000 |
97,389 |
2.95%,
02/23/25
(a) |
250,000 |
240,199 |
3.88%,
04/10/25
(a) |
250,000 |
243,308 |
4.20%,
11/01/25
(a) |
250,000 |
244,202 |
PNC
Financial Services Group, Inc. | ||
3.50%,
01/23/24
(a) |
225,000 |
221,633 |
3.90%,
04/29/24
(a) |
100,000 |
98,847 |
2.20%,
11/01/24
(a) |
150,000 |
143,511 |
2.60%,
07/23/26
(a) |
250,000 |
231,868 |
1.15%,
08/13/26
(a) |
150,000 |
131,717 |
3.15%,
05/19/27
(a) |
100,000 |
93,493 |
5.35%,
12/02/28
(a)(b) |
200,000 |
202,124 |
Regions
Financial Corp. | ||
2.25%,
05/18/25
(a) |
100,000 |
93,600 |
Royal
Bank of Canada | ||
0.43%,
01/19/24
|
250,000 |
238,849 |
2.55%,
07/16/24
|
300,000 |
289,555 |
3.97%,
07/26/24
|
250,000 |
246,668 |
0.65%,
07/29/24
|
150,000 |
140,196 |
5.66%,
10/25/24
|
300,000 |
303,649 |
2.25%,
11/01/24
|
375,000 |
357,803 |
1.15%,
06/10/25
|
350,000 |
320,782 |
0.88%,
01/20/26
|
150,000 |
133,486 |
4.65%,
01/27/26
|
275,000 |
271,742 |
1.20%,
04/27/26
|
325,000 |
289,491 |
1.15%,
07/14/26
|
150,000 |
132,382 |
1.40%,
11/02/26
|
200,000 |
176,000 |
2.05%,
01/21/27
|
75,000 |
67,738 |
3.63%,
05/04/27
|
250,000 |
238,248 |
4.24%,
08/03/27
|
200,000 |
195,241 |
6.00%,
11/01/27
|
150,000 |
156,280 |
Santander
Holdings USA, Inc. | ||
3.50%,
06/07/24
(a) |
175,000 |
170,143 |
3.45%,
06/02/25
(a) |
150,000 |
142,885 |
4.26%,
06/09/25
(a)(b) |
100,000 |
97,046 |
4.50%,
07/17/25
(a) |
150,000 |
147,219 |
5.81%,
09/09/26
(a)(b) |
50,000 |
49,730 |
3.24%,
10/05/26
(a)(c) |
150,000 |
139,378 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.40%,
07/13/27
(a) |
275,000 |
262,826 |
2.49%,
01/06/28
(a)(b) |
175,000 |
150,796 |
Santander
UK Group Holdings PLC | ||
1.09%,
03/15/25
(a)(b) |
400,000 |
374,850 |
1.53%,
08/21/26
(a)(b) |
200,000 |
176,283 |
1.67%,
06/14/27
(a)(b) |
200,000 |
169,885 |
2.47%,
01/11/28
(a)(b) |
200,000 |
171,268 |
3.82%,
11/03/28
(a)(b) |
200,000 |
178,793 |
Santander
UK PLC | ||
4.00%,
03/13/24
|
100,000 |
98,833 |
Signature
Bank | ||
4.00%,
10/15/30
(a)(b) |
75,000 |
68,770 |
State
Street Corp. | ||
3.78%,
12/03/24
(a)(b) |
100,000 |
98,873 |
3.30%,
12/16/24
|
100,000 |
97,577 |
3.55%,
08/18/25
|
200,000 |
194,844 |
2.35%,
11/01/25
(a)(b) |
250,000 |
238,563 |
2.90%,
03/30/26
(a)(b) |
100,000 |
95,317 |
2.65%,
05/19/26
|
150,000 |
141,281 |
5.75%,
11/04/26
(a)(b) |
50,000 |
51,395 |
1.68%,
11/18/27
(a)(b) |
150,000 |
133,290 |
2.20%,
02/07/28
(a)(b) |
125,000 |
112,601 |
Sumitomo
Mitsui Banking Corp. | ||
3.40%,
07/11/24
|
200,000 |
194,315 |
Sumitomo
Mitsui Financial Group, Inc. | ||
0.51%,
01/12/24
|
200,000 |
190,467 |
2.70%,
07/16/24
|
200,000 |
192,038 |
2.45%,
09/27/24
|
250,000 |
237,748 |
2.35%,
01/15/25
|
250,000 |
236,637 |
1.47%,
07/08/25
|
400,000 |
364,811 |
3.78%,
03/09/26
|
300,000 |
289,868 |
2.63%,
07/14/26
|
350,000 |
320,978 |
1.40%,
09/17/26
|
300,000 |
261,200 |
3.01%,
10/19/26
|
350,000 |
325,303 |
3.45%,
01/11/27
|
250,000 |
233,908 |
3.36%,
07/12/27
|
300,000 |
277,328 |
3.35%,
10/18/27
|
150,000 |
138,561 |
SVB
Financial Group | ||
3.50%,
01/29/25
|
100,000 |
96,246 |
1.80%,
10/28/26
(a) |
150,000 |
131,623 |
4.35%,
04/29/28
(a)(b) |
50,000 |
47,345 |
Synchrony
Financial | ||
4.38%,
03/19/24
(a) |
125,000 |
122,806 |
4.25%,
08/15/24
(a) |
250,000 |
244,654 |
4.88%,
06/13/25
(a) |
100,000 |
97,600 |
4.50%,
07/23/25
(a) |
200,000 |
192,774 |
3.70%,
08/04/26
(a) |
275,000 |
254,244 |
3.95%,
12/01/27
(a) |
150,000 |
134,046 |
Synovus
Financial Corp. | ||
5.20%,
08/11/25
(a) |
125,000 |
124,132 |
Toronto-Dominion
Bank | ||
0.55%,
03/04/24
|
150,000 |
142,646 |
2.35%,
03/08/24
|
200,000 |
193,995 |
3.25%,
03/11/24
|
200,000 |
195,801 |
2.65%,
06/12/24
|
325,000 |
314,810 |
0.70%,
09/10/24
|
200,000 |
186,212 |
1.45%,
01/10/25
|
100,000 |
93,220 |
3.77%,
06/06/25
|
225,000 |
218,506 |
1.15%,
06/12/25
|
150,000 |
136,816 |
0.75%,
09/11/25
|
75,000 |
67,147 |
0.75%,
01/06/26
|
300,000 |
265,742 |
1.20%,
06/03/26
|
250,000 |
220,700 |
1.25%,
09/10/26
|
250,000 |
218,800 |
1.95%,
01/12/27
|
150,000 |
134,188 |
2.80%,
03/10/27
|
200,000 |
183,448 |
4.11%,
06/08/27
|
250,000 |
241,673 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.69%,
09/15/27
|
225,000 |
222,584 |
3.63%,
09/15/31
(a)(b) |
275,000 |
253,739 |
Truist
Bank | ||
3.20%,
04/01/24
(a) |
200,000 |
195,529 |
2.15%,
12/06/24
(a) |
250,000 |
237,915 |
1.50%,
03/10/25
(a) |
250,000 |
232,213 |
3.63%,
09/16/25
(a) |
300,000 |
288,735 |
4.05%,
11/03/25
(a) |
200,000 |
196,893 |
3.30%,
05/15/26
(a) |
200,000 |
188,503 |
Truist
Financial Corp. | ||
2.50%,
08/01/24
(a) |
175,000 |
168,135 |
2.85%,
10/26/24
(a) |
175,000 |
168,912 |
4.00%,
05/01/25
(a) |
200,000 |
196,025 |
3.70%,
06/05/25
(a) |
150,000 |
145,936 |
1.20%,
08/05/25
(a) |
150,000 |
137,456 |
4.26%,
07/28/26
(a)(b) |
225,000 |
221,526 |
1.27%,
03/02/27
(a)(b) |
325,000 |
289,156 |
4.12%,
06/06/28
(a)(b) |
200,000 |
191,832 |
US
Bancorp | ||
3.70%,
01/30/24
(a) |
55,000 |
54,336 |
3.38%,
02/05/24
(a) |
255,000 |
250,666 |
2.40%,
07/30/24
(a) |
200,000 |
192,408 |
3.60%,
09/11/24
(a) |
150,000 |
147,065 |
1.45%,
05/12/25
(a) |
300,000 |
278,512 |
3.95%,
11/17/25
(a) |
150,000 |
146,994 |
3.10%,
04/27/26
(a) |
150,000 |
141,979 |
2.38%,
07/22/26
(a) |
200,000 |
184,881 |
5.73%,
10/21/26
(a)(b) |
200,000 |
204,050 |
3.15%,
04/27/27
(a) |
200,000 |
188,156 |
2.22%,
01/27/28
(a)(b) |
200,000 |
180,028 |
4.55%,
07/22/28
(a)(b) |
250,000 |
245,086 |
US
Bank NA | ||
2.05%,
01/21/25
(a) |
100,000 |
94,865 |
2.80%,
01/27/25
(a) |
200,000 |
192,941 |
Valley
National Bancorp | ||
3.00%,
06/15/31
(a)(b) |
50,000 |
43,991 |
Wachovia
Corp. | ||
7.57%,
08/01/26
(d) |
50,000 |
53,965 |
Wells
Fargo & Co. | ||
4.48%,
01/16/24
|
100,000 |
99,418 |
3.75%,
01/24/24
(a) |
500,000 |
494,238 |
3.30%,
09/09/24
|
350,000 |
340,200 |
3.00%,
02/19/25
|
350,000 |
335,587 |
0.81%,
05/19/25
(a)(b) |
150,000 |
140,550 |
3.55%,
09/29/25
|
350,000 |
336,834 |
2.41%,
10/30/25
(a)(b) |
500,000 |
473,893 |
2.16%,
02/11/26
(a)(b) |
500,000 |
466,782 |
3.00%,
04/22/26
|
550,000 |
514,874 |
3.91%,
04/25/26
(a)(b) |
400,000 |
389,128 |
2.19%,
04/30/26
(a)(b) |
500,000 |
465,591 |
4.10%,
06/03/26
|
400,000 |
387,107 |
4.54%,
08/15/26
(a)(b) |
325,000 |
318,940 |
3.00%,
10/23/26
|
525,000 |
485,865 |
3.20%,
06/17/27
(a)(b) |
450,000 |
418,444 |
4.30%,
07/22/27
|
400,000 |
385,575 |
3.53%,
03/24/28
(a)(b) |
700,000 |
649,682 |
3.58%,
05/22/28
(a)(b) |
500,000 |
463,745 |
2.39%,
06/02/28
(a)(b) |
600,000 |
530,029 |
4.81%,
07/25/28
(a)(b) |
450,000 |
439,061 |
Western
Alliance Bancorp | ||
3.00%,
06/15/31
(a)(b) |
100,000 |
85,249 |
Westpac
Banking Corp. | ||
3.30%,
02/26/24
|
350,000 |
344,079 |
2.35%,
02/19/25
|
175,000 |
166,140 |
3.74%,
08/26/25
|
150,000 |
146,086 |
2.85%,
05/13/26
|
250,000 |
234,432 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.15%,
06/03/26
|
300,000 |
265,553 |
2.70%,
08/19/26
|
200,000 |
185,819 |
3.35%,
03/08/27
|
200,000 |
188,642 |
4.04%,
08/26/27
|
200,000 |
195,511 |
5.46%,
11/18/27
|
200,000 |
204,650 |
2.89%,
02/04/30
(a)(b) |
225,000 |
206,496 |
4.32%,
11/23/31
(a)(b) |
275,000 |
257,986 |
|
|
138,773,947 |
Brokerage/Asset
Managers/Exchanges 1.4%
| ||
Affiliated
Managers Group, Inc. | ||
4.25%,
02/15/24
|
100,000 |
98,911 |
3.50%,
08/01/25
|
75,000 |
72,165 |
Ameriprise
Financial, Inc. | ||
3.70%,
10/15/24
|
100,000 |
97,556 |
3.00%,
04/02/25
(a) |
100,000 |
95,866 |
2.88%,
09/15/26
(a) |
150,000 |
139,627 |
BGC
Partners, Inc. | ||
3.75%,
10/01/24
(a) |
75,000 |
71,776 |
BlackRock,
Inc. | ||
3.50%,
03/18/24
|
185,000 |
182,161 |
3.20%,
03/15/27
|
100,000 |
94,861 |
Brookfield
Corp. | ||
4.00%,
01/15/25
(a) |
165,000 |
161,459 |
Brookfield
Finance, Inc. | ||
4.00%,
04/01/24
(a) |
125,000 |
122,960 |
Cboe
Global Markets, Inc. | ||
3.65%,
01/12/27
(a) |
100,000 |
95,777 |
CME
Group, Inc. | ||
3.00%,
03/15/25
(a) |
100,000 |
96,841 |
E*TRADE
Financial Corp. | ||
3.80%,
08/24/27
(a) |
75,000 |
71,348 |
Eaton
Vance Corp. | ||
3.50%,
04/06/27
(a) |
75,000 |
70,018 |
Franklin
Resources, Inc. | ||
2.85%,
03/30/25
|
100,000 |
95,377 |
Intercontinental
Exchange, Inc. | ||
3.65%,
05/23/25
(a) |
100,000 |
97,949 |
3.75%,
12/01/25
(a) |
250,000 |
243,569 |
3.10%,
09/15/27
(a) |
75,000 |
69,744 |
4.00%,
09/15/27
(a) |
350,000 |
338,383 |
Invesco
Finance PLC | ||
4.00%,
01/30/24
|
25,000 |
24,813 |
3.75%,
01/15/26
|
175,000 |
168,318 |
Janus
Capital Group, Inc. | ||
4.88%,
08/01/25
(a) |
75,000 |
73,967 |
Jefferies
Financial Group, Inc. | ||
4.85%,
01/15/27
|
175,000 |
172,754 |
Lazard
Group LLC | ||
3.75%,
02/13/25
|
100,000 |
96,687 |
3.63%,
03/01/27
(a) |
50,000 |
46,489 |
Legg
Mason, Inc. | ||
4.75%,
03/15/26
|
100,000 |
100,497 |
Nasdaq,
Inc. | ||
3.85%,
06/30/26
(a) |
100,000 |
96,695 |
Nomura
Holdings, Inc. | ||
2.65%,
01/16/25
|
200,000 |
189,083 |
5.10%,
07/03/25
|
200,000 |
198,114 |
1.85%,
07/16/25
|
300,000 |
273,641 |
1.65%,
07/14/26
|
200,000 |
174,634 |
2.33%,
01/22/27
|
200,000 |
175,583 |
Stifel
Financial Corp. | ||
4.25%,
07/18/24
|
115,000 |
112,864 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
The
Charles Schwab Corp. | ||
3.55%,
02/01/24
(a)(e) |
70,000 |
69,077 |
0.75%,
03/18/24
(a)(e) |
225,000 |
213,987 |
3.75%,
04/01/24
(a)(e) |
30,000 |
29,568 |
3.00%,
03/10/25
(a)(e) |
25,000 |
24,063 |
4.20%,
03/24/25
(a)(e) |
75,000 |
74,208 |
3.63%,
04/01/25
(a)(e) |
50,000 |
48,759 |
3.85%,
05/21/25
(a)(e) |
95,000 |
92,813 |
3.45%,
02/13/26
(a)(e) |
30,000 |
29,083 |
0.90%,
03/11/26
(a)(e) |
175,000 |
155,168 |
1.15%,
05/13/26
(a)(e) |
150,000 |
133,481 |
3.20%,
03/02/27
(a)(e) |
50,000 |
47,098 |
2.45%,
03/03/27
(a)(e) |
200,000 |
183,036 |
3.30%,
04/01/27
(a)(e) |
50,000 |
47,434 |
|
|
5,368,262 |
Finance
Companies 2.4%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.88%,
01/16/24
(a) |
150,000 |
148,670 |
3.15%,
02/15/24
(a) |
150,000 |
145,650 |
2.88%,
08/14/24
(a) |
275,000 |
260,673 |
1.65%,
10/29/24
(a) |
500,000 |
462,007 |
3.50%,
01/15/25
(a) |
150,000 |
143,401 |
6.50%,
07/15/25
(a) |
150,000 |
152,438 |
4.45%,
10/01/25
(a) |
250,000 |
241,292 |
1.75%,
01/30/26
(a) |
150,000 |
132,282 |
4.45%,
04/03/26
(a) |
150,000 |
144,216 |
2.45%,
10/29/26
(a) |
600,000 |
525,478 |
3.65%,
07/21/27
(a) |
150,000 |
136,225 |
Air
Lease Corp. | ||
4.25%,
02/01/24
(a) |
125,000 |
123,090 |
0.70%,
02/15/24
(a) |
125,000 |
118,183 |
0.80%,
08/18/24
(a) |
100,000 |
92,265 |
2.30%,
02/01/25
(a) |
100,000 |
93,348 |
3.25%,
03/01/25
(a) |
125,000 |
118,807 |
3.38%,
07/01/25
(a) |
125,000 |
118,016 |
2.88%,
01/15/26
(a) |
225,000 |
208,483 |
3.75%,
06/01/26
(a) |
100,000 |
93,851 |
1.88%,
08/15/26
(a) |
200,000 |
174,399 |
2.20%,
01/15/27
(a) |
100,000 |
87,469 |
3.63%,
04/01/27
(a) |
150,000 |
137,008 |
Aircastle
Ltd. | ||
4.13%,
05/01/24
(a) |
50,000 |
48,442 |
4.25%,
06/15/26
(a) |
125,000 |
117,863 |
Ares
Capital Corp. | ||
4.20%,
06/10/24
(a) |
135,000 |
130,613 |
4.25%,
03/01/25
(a) |
95,000 |
90,308 |
3.25%,
07/15/25
(a) |
275,000 |
253,851 |
3.88%,
01/15/26
(a) |
200,000 |
183,969 |
2.15%,
07/15/26
(a) |
175,000 |
148,611 |
Bain
Capital Specialty Finance, Inc. | ||
2.95%,
03/10/26
(a) |
125,000 |
108,327 |
Barings
BDC, Inc. | ||
3.30%,
11/23/26
(a) |
75,000 |
63,534 |
BlackRock
TCP Capital Corp. | ||
2.85%,
02/09/26
(a) |
75,000 |
67,207 |
Blackstone
Private Credit Fund | ||
1.75%,
09/15/24
|
75,000 |
69,121 |
2.35%,
11/22/24
|
75,000 |
68,713 |
2.70%,
01/15/25
(a) |
75,000 |
69,163 |
4.70%,
03/24/25
|
150,000 |
144,274 |
2.63%,
12/15/26
(a) |
300,000 |
248,944 |
3.25%,
03/15/27
(a) |
200,000 |
168,835 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Blackstone
Secured Lending Fund | ||
3.63%,
01/15/26
(a) |
125,000 |
115,183 |
2.75%,
09/16/26
(a) |
125,000 |
109,691 |
2.13%,
02/15/27
(a) |
100,000 |
82,888 |
FS
KKR Capital Corp. | ||
4.63%,
07/15/24
(a) |
25,000 |
24,242 |
4.13%,
02/01/25
(a) |
160,000 |
150,479 |
3.40%,
01/15/26
(a) |
300,000 |
266,742 |
3.25%,
07/15/27
(a) |
75,000 |
63,246 |
GATX
Corp. | ||
4.35%,
02/15/24
(a) |
100,000 |
99,091 |
3.25%,
03/30/25
(a) |
50,000 |
47,820 |
3.25%,
09/15/26
(a) |
100,000 |
93,325 |
Goldman
Sachs BDC, Inc. | ||
3.75%,
02/10/25
(a) |
60,000 |
57,854 |
2.88%,
01/15/26
(a) |
75,000 |
69,155 |
Golub
Capital BDC, Inc. | ||
3.38%,
04/15/24
(a) |
75,000 |
72,068 |
2.50%,
08/24/26
(a) |
100,000 |
85,465 |
2.05%,
02/15/27
(a) |
75,000 |
61,425 |
Hercules
Capital, Inc. | ||
2.63%,
09/16/26
(a) |
125,000 |
105,693 |
Main
Street Capital Corp. | ||
5.20%,
05/01/24
|
75,000 |
74,080 |
3.00%,
07/14/26
(a) |
100,000 |
86,490 |
Morgan
Stanley Direct Lending Fund | ||
4.50%,
02/11/27
(a) |
75,000 |
69,408 |
Oaktree
Specialty Lending Corp. | ||
3.50%,
02/25/25
(a) |
110,000 |
104,665 |
2.70%,
01/15/27
(a) |
50,000 |
43,052 |
Owl
Rock Capital Corp. | ||
5.25%,
04/15/24
(a) |
25,000 |
24,700 |
4.00%,
03/30/25
(a) |
105,000 |
98,812 |
3.75%,
07/22/25
(a) |
100,000 |
92,753 |
4.25%,
01/15/26
(a) |
200,000 |
184,973 |
3.40%,
07/15/26
(a) |
150,000 |
131,670 |
Owl
Rock Capital Corp. III | ||
3.13%,
04/13/27
(a) |
50,000 |
41,595 |
Owl
Rock Core Income Corp. | ||
3.13%,
09/23/26
(a) |
75,000 |
64,336 |
4.70%,
02/08/27
(a) |
100,000 |
90,001 |
OWL
Rock Core Income Corp. | ||
7.75%,
09/16/27
(a)(c) |
100,000 |
99,883 |
Owl
Rock Technology Finance Corp. | ||
2.50%,
01/15/27
(a) |
50,000 |
40,920 |
Prospect
Capital Corp. | ||
3.71%,
01/22/26
(a) |
75,000 |
65,989 |
3.36%,
11/15/26
(a) |
75,000 |
62,676 |
Sixth
Street Specialty Lending, Inc. | ||
3.88%,
11/01/24
(a) |
95,000 |
91,655 |
|
|
8,811,051 |
Financial
Other 0.1%
| ||
Andrew
W Mellon Foundation | ||
0.95%,
08/01/27
(a) |
100,000 |
85,138 |
ORIX
Corp. | ||
4.05%,
01/16/24
|
25,000 |
24,660 |
3.25%,
12/04/24
|
150,000 |
144,528 |
3.70%,
07/18/27
|
50,000 |
46,971 |
5.00%,
09/13/27
|
100,000 |
99,958 |
|
|
401,255 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Insurance
2.7%
| ||
Aetna,
Inc. | ||
3.50%,
11/15/24
(a) |
125,000 |
121,588 |
Aflac,
Inc. | ||
1.13%,
03/15/26
(a) |
75,000 |
66,519 |
2.88%,
10/15/26
(a) |
75,000 |
69,895 |
Allied
World Assurance Co., Holdings Ltd. | ||
4.35%,
10/29/25
(a) |
100,000 |
95,699 |
Allstate
Corp. | ||
0.75%,
12/15/25
(a) |
150,000 |
133,335 |
American
Equity Investment Life Holding Co. | ||
5.00%,
06/15/27
(a) |
75,000 |
71,591 |
American
International Group, Inc. | ||
4.13%,
02/15/24
|
50,000 |
49,523 |
2.50%,
06/30/25
(a) |
167,000 |
157,509 |
3.90%,
04/01/26
(a) |
150,000 |
145,244 |
Anthem,
Inc. | ||
3.50%,
08/15/24
(a) |
125,000 |
121,970 |
3.35%,
12/01/24
(a) |
125,000 |
121,526 |
2.38%,
01/15/25
(a) |
200,000 |
190,000 |
3.65%,
12/01/27
(a) |
250,000 |
236,018 |
Aon
Corp. | ||
8.21%,
01/01/27
|
100,000 |
105,226 |
Aon
Corp./Aon Global Holdings PLC | ||
2.85%,
05/28/27
(a) |
100,000 |
91,868 |
Aon
PLC | ||
3.50%,
06/14/24
(a) |
75,000 |
73,278 |
3.88%,
12/15/25
(a) |
150,000 |
146,328 |
Arch
Capital Finance LLC | ||
4.01%,
12/15/26
(a) |
100,000 |
95,707 |
Assured
Guaranty US Holdings, Inc. | ||
5.00%,
07/01/24
|
91,000 |
90,794 |
Berkshire
Hathaway, Inc. | ||
3.13%,
03/15/26
(a) |
475,000 |
456,144 |
Brighthouse
Financial, Inc. | ||
3.70%,
06/22/27
(a) |
100,000 |
93,188 |
Brown
& Brown, Inc. | ||
4.20%,
09/15/24
(a) |
70,000 |
68,756 |
Centene
Corp. | ||
4.25%,
12/15/27
(a) |
250,000 |
235,111 |
Chubb
INA Holdings, Inc. | ||
3.35%,
05/15/24
|
75,000 |
73,415 |
3.15%,
03/15/25
|
150,000 |
144,939 |
3.35%,
05/03/26
(a) |
250,000 |
239,831 |
CNA
Financial Corp. | ||
3.95%,
05/15/24
(a) |
75,000 |
73,770 |
4.50%,
03/01/26
(a) |
75,000 |
74,222 |
3.45%,
08/15/27
(a) |
100,000 |
92,977 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/25
(a) |
175,000 |
174,018 |
Corebridge
Financial, Inc. | ||
3.50%,
04/04/25
(a)(c) |
150,000 |
143,888 |
3.65%,
04/05/27
(a)(c) |
200,000 |
186,771 |
6.88%,
12/15/52
(a)(b)(c) |
150,000 |
140,050 |
Elevance
Health, Inc. | ||
1.50%,
03/15/26
(a) |
125,000 |
112,458 |
First
American Financial Corp. | ||
4.60%,
11/15/24
|
75,000 |
74,036 |
Hanover
Insurance Group, Inc. | ||
4.50%,
04/15/26
(a) |
75,000 |
73,265 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Humana,
Inc. | ||
3.85%,
10/01/24
(a) |
75,000 |
73,555 |
4.50%,
04/01/25
(a) |
100,000 |
98,889 |
1.35%,
02/03/27
(a) |
125,000 |
108,054 |
3.95%,
03/15/27
(a) |
100,000 |
95,946 |
Jackson
Financial, Inc. | ||
5.17%,
06/08/27
(a) |
75,000 |
74,198 |
Kemper
Corp. | ||
4.35%,
02/15/25
(a) |
120,000 |
117,033 |
Lincoln
National Corp. | ||
3.63%,
12/12/26
(a) |
100,000 |
93,963 |
Loews
Corp. | ||
3.75%,
04/01/26
(a) |
100,000 |
96,576 |
Manulife
Financial Corp. | ||
4.15%,
03/04/26
|
175,000 |
170,579 |
4.06%,
02/24/32
(a)(b) |
125,000 |
114,100 |
Markel
Corp. | ||
3.50%,
11/01/27
(a) |
100,000 |
92,336 |
Marsh
& McLennan Cos., Inc. | ||
3.88%,
03/15/24
(a) |
210,000 |
207,151 |
3.50%,
06/03/24
(a) |
80,000 |
78,437 |
3.50%,
03/10/25
(a) |
100,000 |
97,198 |
3.75%,
03/14/26
(a) |
100,000 |
97,156 |
Mercury
General Corp. | ||
4.40%,
03/15/27
(a) |
100,000 |
94,056 |
MetLife,
Inc. | ||
3.60%,
04/10/24
|
175,000 |
171,985 |
3.00%,
03/01/25
|
100,000 |
96,462 |
3.60%,
11/13/25
(a) |
75,000 |
72,996 |
Old
Republic International Corp. | ||
4.88%,
10/01/24
(a) |
75,000 |
74,487 |
3.88%,
08/26/26
(a) |
125,000 |
118,606 |
Principal
Financial Group, Inc. | ||
3.40%,
05/15/25
(a) |
100,000 |
96,877 |
Prudential
Financial, Inc. | ||
1.50%,
03/10/26
(a) |
100,000 |
90,170 |
5.20%,
03/15/44
(a)(b) |
75,000 |
72,243 |
5.38%,
05/15/45
(a)(b) |
150,000 |
145,782 |
4.50%,
09/15/47
(a)(b) |
175,000 |
159,891 |
Radian
Group, Inc. | ||
6.63%,
03/15/25
(a) |
50,000 |
49,528 |
4.88%,
03/15/27
(a) |
100,000 |
91,882 |
Reinsurance
Group of America, Inc. | ||
3.95%,
09/15/26
(a) |
75,000 |
72,351 |
RenaissanceRe
Finance, Inc. | ||
3.70%,
04/01/25
(a) |
45,000 |
43,721 |
The
Progressive Corp. | ||
2.45%,
01/15/27
|
100,000 |
91,771 |
2.50%,
03/15/27
(a) |
100,000 |
91,932 |
Trinity
Acquisition PLC | ||
4.40%,
03/15/26
(a) |
125,000 |
121,236 |
UnitedHealth
Group, Inc. | ||
3.50%,
02/15/24
|
150,000 |
147,732 |
0.55%,
05/15/24
(a) |
50,000 |
47,208 |
2.38%,
08/15/24
|
225,000 |
216,740 |
3.75%,
07/15/25
|
300,000 |
293,751 |
3.70%,
12/15/25
|
100,000 |
97,755 |
1.25%,
01/15/26
|
100,000 |
90,877 |
3.10%,
03/15/26
|
200,000 |
191,126 |
1.15%,
05/15/26
(a) |
250,000 |
223,757 |
3.45%,
01/15/27
|
125,000 |
119,241 |
3.70%,
05/15/27
(a) |
150,000 |
145,236 |
2.95%,
10/15/27
|
150,000 |
138,958 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Voya
Financial, Inc. | ||
3.65%,
06/15/26
|
100,000 |
95,075 |
Willis
North America, Inc. | ||
3.60%,
05/15/24
(a) |
100,000 |
97,444 |
4.65%,
06/15/27
(a) |
100,000 |
96,881 |
|
|
10,013,385 |
REITs
2.6%
| ||
Alexandria
Real Estate Equities, Inc. | ||
3.45%,
04/30/25
(a) |
125,000 |
121,119 |
4.30%,
01/15/26
(a) |
50,000 |
48,958 |
3.95%,
01/15/27
(a) |
125,000 |
120,084 |
AvalonBay
Communities, Inc. | ||
3.50%,
11/15/24
(a) |
100,000 |
97,199 |
3.45%,
06/01/25
(a) |
75,000 |
72,342 |
3.50%,
11/15/25
(a) |
100,000 |
95,881 |
2.95%,
05/11/26
(a) |
125,000 |
116,448 |
3.35%,
05/15/27
(a) |
50,000 |
46,515 |
Boston
Properties LP | ||
3.20%,
01/15/25
(a) |
170,000 |
163,213 |
3.65%,
02/01/26
(a) |
300,000 |
285,048 |
6.75%,
12/01/27
(a) |
150,000 |
154,991 |
Brandywine
Operating Partnership LP | ||
4.10%,
10/01/24
(a) |
75,000 |
71,521 |
3.95%,
11/15/27
(a) |
100,000 |
84,181 |
Brixmor
Operating Partnership LP | ||
3.65%,
06/15/24
(a) |
175,000 |
170,092 |
3.85%,
02/01/25
(a) |
20,000 |
19,244 |
4.13%,
06/15/26
(a) |
150,000 |
142,678 |
Corporate
Office Properties LP | ||
2.25%,
03/15/26
(a) |
125,000 |
110,731 |
CubeSmart
LP | ||
4.00%,
11/15/25
(a) |
100,000 |
96,687 |
Digital
Realty Trust LP | ||
3.70%,
08/15/27
(a) |
150,000 |
139,566 |
EPR
Properties | ||
4.75%,
12/15/26
(a) |
125,000 |
112,528 |
4.50%,
06/01/27
(a) |
75,000 |
65,229 |
ERP
Operating LP | ||
3.25%,
08/01/27
(a) |
175,000 |
160,452 |
Essex
Portfolio LP | ||
3.88%,
05/01/24
(a) |
100,000 |
97,957 |
3.50%,
04/01/25
(a) |
15,000 |
14,491 |
3.63%,
05/01/27
(a) |
100,000 |
93,957 |
Federal
Realty Investment Trust | ||
3.95%,
01/15/24
(a) |
125,000 |
123,450 |
1.25%,
02/15/26
(a) |
100,000 |
88,204 |
Healthcare
Trust of America Holdings LP | ||
3.50%,
08/01/26
(a) |
125,000 |
116,575 |
Healthpeak
Properties, Inc. | ||
3.40%,
02/01/25
(a) |
25,000 |
24,084 |
4.00%,
06/01/25
(a) |
150,000 |
146,225 |
1.35%,
02/01/27
(a) |
150,000 |
130,282 |
Highwoods
Realty LP | ||
3.88%,
03/01/27
(a) |
50,000 |
46,520 |
Host
Hotels & Resorts LP | ||
3.88%,
04/01/24
(a) |
115,000 |
112,496 |
4.50%,
02/01/26
(a) |
100,000 |
96,075 |
Hudson
Pacific Properties LP | ||
3.95%,
11/01/27
(a) |
50,000 |
42,645 |
Kilroy
Realty LP | ||
3.45%,
12/15/24
(a) |
75,000 |
71,943 |
4.38%,
10/01/25
(a) |
50,000 |
48,520 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Kimco
Realty Corp. | ||
2.70%,
03/01/24
(a) |
100,000 |
96,861 |
3.30%,
02/01/25
(a) |
125,000 |
119,990 |
2.80%,
10/01/26
(a) |
150,000 |
137,976 |
Kite
Realty Group LP | ||
4.00%,
10/01/26
(a) |
100,000 |
92,278 |
LifeStorage
LP | ||
3.50%,
07/01/26
(a) |
100,000 |
93,953 |
Mid-America
Apartments LP | ||
3.75%,
06/15/24
(a) |
100,000 |
97,973 |
4.00%,
11/15/25
(a) |
100,000 |
97,387 |
1.10%,
09/15/26
(a) |
175,000 |
151,594 |
National
Retail Properties, Inc. | ||
3.90%,
06/15/24
(a) |
55,000 |
53,801 |
4.00%,
11/15/25
(a) |
100,000 |
96,674 |
3.50%,
10/15/27
(a) |
100,000 |
90,859 |
Omega
Healthcare Investors, Inc. | ||
4.95%,
04/01/24
(a) |
50,000 |
49,438 |
4.50%,
01/15/25
(a) |
50,000 |
48,674 |
5.25%,
01/15/26
(a) |
100,000 |
98,412 |
4.50%,
04/01/27
(a) |
125,000 |
117,449 |
Physicians
Realty LP | ||
4.30%,
03/15/27
(a) |
75,000 |
70,906 |
Piedmont
Operating Partnership LP | ||
4.45%,
03/15/24
(a) |
75,000 |
73,845 |
Prologis
LP | ||
3.25%,
06/30/26
(a) |
75,000 |
71,408 |
3.25%,
10/01/26
(a) |
75,000 |
71,351 |
Public
Storage | ||
0.88%,
02/15/26
(a) |
100,000 |
88,539 |
1.50%,
11/09/26
(a) |
100,000 |
89,167 |
3.09%,
09/15/27
(a) |
100,000 |
93,401 |
Realty
Income Corp. | ||
4.60%,
02/06/24
(a) |
50,000 |
49,695 |
3.88%,
07/15/24
(a) |
75,000 |
73,538 |
4.63%,
11/01/25
(a) |
150,000 |
148,924 |
0.75%,
03/15/26
(a) |
75,000 |
65,358 |
4.88%,
06/01/26
(a) |
75,000 |
74,735 |
4.13%,
10/15/26
(a) |
100,000 |
97,440 |
3.00%,
01/15/27
(a) |
100,000 |
92,869 |
3.95%,
08/15/27
(a) |
100,000 |
95,904 |
Regency
Centers LP | ||
3.60%,
02/01/27
(a) |
100,000 |
93,700 |
Sabra
Health Care LP | ||
5.13%,
08/15/26
(a) |
100,000 |
95,339 |
Simon
Property Group LP | ||
2.00%,
09/13/24
(a) |
150,000 |
142,655 |
3.38%,
10/01/24
(a) |
100,000 |
97,215 |
3.50%,
09/01/25
(a) |
225,000 |
215,974 |
3.30%,
01/15/26
(a) |
150,000 |
142,785 |
3.25%,
11/30/26
(a) |
125,000 |
117,179 |
1.38%,
01/15/27
(a) |
75,000 |
65,594 |
3.38%,
06/15/27
(a) |
150,000 |
140,325 |
SITE
Centers Corp. | ||
3.63%,
02/01/25
(a) |
75,000 |
71,053 |
4.25%,
02/01/26
(a) |
150,000 |
141,905 |
4.70%,
06/01/27
(a) |
50,000 |
47,181 |
Spirit
Realty LP | ||
3.20%,
01/15/27
(a) |
100,000 |
89,058 |
Tanger
Properties LP | ||
3.13%,
09/01/26
(a) |
50,000 |
45,743 |
3.88%,
07/15/27
(a) |
50,000 |
46,007 |
UDR,
Inc. | ||
3.50%,
07/01/27
(a) |
100,000 |
93,570 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Ventas
Realty LP | ||
3.50%,
04/15/24
(a) |
175,000 |
170,445 |
3.75%,
05/01/24
(a) |
35,000 |
34,286 |
2.65%,
01/15/25
(a) |
160,000 |
151,681 |
4.13%,
01/15/26
(a) |
130,000 |
126,278 |
3.25%,
10/15/26
(a) |
100,000 |
92,625 |
Vornado
Realty LP | ||
3.50%,
01/15/25
(a) |
75,000 |
70,575 |
2.15%,
06/01/26
(a) |
50,000 |
42,431 |
Welltower,
Inc. | ||
4.50%,
01/15/24
(a) |
25,000 |
24,819 |
3.63%,
03/15/24
(a) |
130,000 |
127,262 |
4.00%,
06/01/25
(a) |
275,000 |
268,117 |
4.25%,
04/01/26
(a) |
150,000 |
145,596 |
2.70%,
02/15/27
(a) |
75,000 |
67,650 |
WP
Carey, Inc. | ||
4.60%,
04/01/24
(a) |
75,000 |
74,322 |
4.00%,
02/01/25
(a) |
75,000 |
73,268 |
4.25%,
10/01/26
(a) |
50,000 |
48,359 |
|
|
9,611,527 |
|
|
172,979,427 |
| ||
Industrial
47.4%
| ||
Basic
Industry 1.8%
| ||
Air
Products and Chemicals, Inc. | ||
3.35%,
07/31/24
(a) |
75,000 |
73,346 |
1.50%,
10/15/25
(a) |
100,000 |
92,037 |
1.85%,
05/15/27
(a) |
100,000 |
89,158 |
Albemarle
Corp. | ||
4.65%,
06/01/27
(a) |
100,000 |
98,006 |
ArcelorMittal
S.A. | ||
4.55%,
03/11/26
|
75,000 |
72,933 |
6.55%,
11/29/27
(a) |
150,000 |
151,281 |
Celanese
US Holdings LLC | ||
3.50%,
05/08/24
(a) |
100,000 |
96,661 |
5.90%,
07/05/24
|
325,000 |
324,991 |
6.05%,
03/15/25
|
275,000 |
274,347 |
1.40%,
08/05/26
(a) |
50,000 |
42,251 |
6.17%,
07/15/27
(a) |
375,000 |
370,573 |
Celulosa
Arauco y Constitucion S.A. | ||
3.88%,
11/02/27
(a) |
200,000 |
188,237 |
DuPont
de Nemours, Inc. | ||
4.49%,
11/15/25
(a) |
325,000 |
320,102 |
Eastman
Chemical Co. | ||
3.80%,
03/15/25
(a) |
150,000 |
145,665 |
Ecolab,
Inc. | ||
2.70%,
11/01/26
(a) |
100,000 |
93,060 |
1.65%,
02/01/27
(a) |
100,000 |
88,704 |
EI
du Pont de Nemours and Co. | ||
1.70%,
07/15/25
(a) |
100,000 |
92,431 |
Fibria
Overseas Finance Ltd. | ||
4.00%,
01/14/25
(a) |
50,000 |
48,751 |
5.50%,
01/17/27
|
150,000 |
150,925 |
FMC
Corp. | ||
4.10%,
02/01/24
(a) |
50,000 |
49,308 |
3.20%,
10/01/26
(a) |
100,000 |
93,397 |
Freeport-McMoRan,
Inc. | ||
4.55%,
11/14/24
(a) |
200,000 |
197,745 |
Georgia-Pacific
LLC | ||
8.00%,
01/15/24
|
90,000 |
92,750 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Kinross
Gold Corp. | ||
5.95%,
03/15/24
(a) |
100,000 |
100,565 |
4.50%,
07/15/27
(a) |
100,000 |
94,869 |
Linde,
Inc. | ||
2.65%,
02/05/25
(a) |
15,000 |
14,378 |
4.70%,
12/05/25
(a) |
175,000 |
175,369 |
3.20%,
01/30/26
(a) |
125,000 |
120,456 |
LYB
International Finance II BV | ||
3.50%,
03/02/27
(a) |
100,000 |
92,940 |
LYB
International Finance III LLC | ||
1.25%,
10/01/25
(a) |
75,000 |
67,086 |
LyondellBasell
Industries NV | ||
5.75%,
04/15/24
(a) |
200,000 |
200,561 |
Mosaic
Co. | ||
4.05%,
11/15/27
(a) |
125,000 |
118,214 |
Nucor
Corp. | ||
2.00%,
06/01/25
(a) |
100,000 |
93,211 |
4.30%,
05/23/27
(a) |
150,000 |
146,234 |
Nutrien
Ltd. | ||
5.90%,
11/07/24
|
100,000 |
101,301 |
3.00%,
04/01/25
(a) |
100,000 |
95,444 |
4.00%,
12/15/26
(a) |
75,000 |
73,068 |
Packaging
Corp. of America | ||
3.65%,
09/15/24
(a) |
150,000 |
146,096 |
PPG
Industries, Inc. | ||
2.40%,
08/15/24
(a) |
50,000 |
47,848 |
1.20%,
03/15/26
(a) |
150,000 |
133,143 |
Reliance
Steel & Aluminum Co. | ||
1.30%,
08/15/25
(a) |
75,000 |
67,922 |
RPM
International, Inc. | ||
3.75%,
03/15/27
(a) |
75,000 |
69,958 |
Sherwin-Williams
Co. | ||
3.13%,
06/01/24
(a) |
50,000 |
48,598 |
3.45%,
08/01/25
(a) |
75,000 |
72,239 |
4.25%,
08/08/25
|
25,000 |
24,595 |
3.95%,
01/15/26
(a) |
75,000 |
73,194 |
3.45%,
06/01/27
(a) |
250,000 |
234,779 |
Southern
Copper Corp. | ||
3.88%,
04/23/25
|
100,000 |
97,172 |
Steel
Dynamics, Inc. | ||
2.80%,
12/15/24
(a) |
75,000 |
71,412 |
2.40%,
06/15/25
(a) |
75,000 |
70,339 |
5.00%,
12/15/26
(a) |
75,000 |
74,932 |
Vale
Overseas Ltd. | ||
6.25%,
08/10/26
|
175,000 |
181,713 |
Westlake
Chemical Corp. | ||
3.60%,
08/15/26
(a) |
125,000 |
117,593 |
Weyerhaeuser
Co. | ||
6.95%,
10/01/27
|
100,000 |
107,121 |
WRKCo,
Inc. | ||
3.00%,
09/15/24
(a) |
100,000 |
95,649 |
3.75%,
03/15/25
(a) |
150,000 |
145,355 |
4.65%,
03/15/26
(a) |
150,000 |
147,701 |
|
|
6,767,714 |
Capital
Goods 5.2%
| ||
3M
Co. | ||
3.25%,
02/14/24
(a) |
125,000 |
122,753 |
2.00%,
02/14/25
(a) |
120,000 |
113,711 |
2.65%,
04/15/25
(a) |
200,000 |
191,217 |
3.00%,
08/07/25
|
100,000 |
95,972 |
2.88%,
10/15/27
(a) |
100,000 |
92,687 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Allegion
US Holding Co., Inc. | ||
3.20%,
10/01/24
(a) |
100,000 |
96,217 |
3.55%,
10/01/27
(a) |
100,000 |
91,061 |
Amcor
Finance USA, Inc. | ||
3.63%,
04/28/26
(a) |
125,000 |
118,624 |
Amphenol
Corp. | ||
3.20%,
04/01/24
(a) |
25,000 |
24,459 |
2.05%,
03/01/25
(a) |
100,000 |
93,970 |
Berry
Global, Inc. | ||
0.95%,
02/15/24
(a) |
150,000 |
142,633 |
1.57%,
01/15/26
(a) |
250,000 |
223,430 |
1.65%,
01/15/27
(a) |
100,000 |
85,582 |
Boeing
Co. | ||
1.95%,
02/01/24
|
75,000 |
72,277 |
1.43%,
02/04/24
(a) |
525,000 |
502,605 |
2.80%,
03/01/24
(a) |
125,000 |
121,154 |
2.85%,
10/30/24
(a) |
100,000 |
95,916 |
4.88%,
05/01/25
(a) |
500,000 |
496,302 |
2.60%,
10/30/25
(a) |
50,000 |
46,710 |
2.75%,
02/01/26
(a) |
250,000 |
232,289 |
2.20%,
02/04/26
(a) |
925,000 |
841,284 |
3.10%,
05/01/26
(a) |
100,000 |
94,249 |
2.25%,
06/15/26
(a) |
75,000 |
67,760 |
2.70%,
02/01/27
(a) |
175,000 |
158,275 |
2.80%,
03/01/27
(a) |
50,000 |
45,175 |
5.04%,
05/01/27
(a) |
350,000 |
346,789 |
Carlisle
Cos., Inc. | ||
3.50%,
12/01/24
(a) |
104,000 |
100,673 |
Carrier
Global Corp. | ||
2.24%,
02/15/25
(a) |
255,000 |
240,687 |
2.49%,
02/15/27
(a) |
150,000 |
135,480 |
Caterpillar
Financial Services Corp. | ||
2.85%,
05/17/24
|
175,000 |
170,211 |
3.30%,
06/09/24
|
215,000 |
210,291 |
2.15%,
11/08/24
|
125,000 |
119,258 |
3.25%,
12/01/24
|
250,000 |
243,004 |
4.90%,
01/17/25
|
175,000 |
175,339 |
3.40%,
05/13/25
|
225,000 |
218,877 |
3.65%,
08/12/25
|
175,000 |
170,860 |
0.80%,
11/13/25
|
175,000 |
157,336 |
0.90%,
03/02/26
|
125,000 |
111,586 |
1.15%,
09/14/26
|
100,000 |
88,408 |
1.70%,
01/08/27
|
100,000 |
90,325 |
3.60%,
08/12/27
|
100,000 |
95,654 |
1.10%,
09/14/27
|
150,000 |
128,455 |
Caterpillar,
Inc. | ||
3.40%,
05/15/24
(a) |
125,000 |
122,651 |
CNH
Industrial Capital LLC | ||
4.20%,
01/15/24
|
100,000 |
98,847 |
3.95%,
05/23/25
|
100,000 |
97,061 |
1.88%,
01/15/26
(a) |
100,000 |
91,306 |
1.45%,
07/15/26
(a) |
125,000 |
110,677 |
Deere
& Co. | ||
2.75%,
04/15/25
(a) |
50,000 |
48,062 |
Dover
Corp. | ||
3.15%,
11/15/25
(a) |
75,000 |
71,511 |
Eaton
Corp. | ||
3.10%,
09/15/27
(a) |
100,000 |
93,334 |
Emerson
Electric Co. | ||
3.15%,
06/01/25
(a) |
100,000 |
96,870 |
0.88%,
10/15/26
(a) |
150,000 |
130,060 |
Fortive
Corp. | ||
3.15%,
06/15/26
(a) |
175,000 |
163,755 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Fortune
Brands Home & Security, Inc. | ||
4.00%,
06/15/25
(a) |
100,000 |
97,372 |
GE
Capital International Funding Co. | ||
3.37%,
11/15/25
|
50,000 |
47,971 |
General
Dynamics Corp. | ||
2.38%,
11/15/24
(a) |
100,000 |
95,575 |
3.25%,
04/01/25
(a) |
150,000 |
145,539 |
3.50%,
05/15/25
(a) |
100,000 |
97,514 |
1.15%,
06/01/26
(a) |
75,000 |
66,790 |
2.13%,
08/15/26
(a) |
100,000 |
91,853 |
3.50%,
04/01/27
(a) |
125,000 |
119,724 |
Hexcel
Corp. | ||
4.95%,
08/15/25
(a) |
75,000 |
73,229 |
4.20%,
02/15/27
(a) |
75,000 |
69,434 |
Honeywell
International, Inc. | ||
2.30%,
08/15/24
(a) |
175,000 |
168,221 |
1.35%,
06/01/25
(a) |
175,000 |
161,997 |
2.50%,
11/01/26
(a) |
325,000 |
300,323 |
Hubbell,
Inc. | ||
3.35%,
03/01/26
(a) |
75,000 |
71,406 |
Huntington
Ingalls Industries, Inc. | ||
3.84%,
05/01/25
(a) |
125,000 |
120,669 |
Illinois
Tool Works, Inc. | ||
3.50%,
03/01/24
(a) |
120,000 |
118,261 |
2.65%,
11/15/26
(a) |
175,000 |
162,864 |
John
Deere Capital Corp. | ||
3.45%,
01/10/24
|
50,000 |
49,368 |
0.45%,
01/17/24
|
250,000 |
239,324 |
2.60%,
03/07/24
|
180,000 |
175,463 |
0.45%,
06/07/24
|
125,000 |
117,529 |
2.65%,
06/24/24
|
245,000 |
237,411 |
0.63%,
09/10/24
|
150,000 |
140,079 |
4.55%,
10/11/24
|
125,000 |
124,853 |
2.05%,
01/09/25
|
20,000 |
19,008 |
2.13%,
03/07/25
|
50,000 |
47,334 |
3.45%,
03/13/25
|
100,000 |
97,459 |
3.40%,
09/11/25
|
125,000 |
121,138 |
0.70%,
01/15/26
|
50,000 |
44,536 |
2.65%,
06/10/26
|
100,000 |
93,892 |
1.05%,
06/17/26
|
200,000 |
177,755 |
1.30%,
10/13/26
|
75,000 |
66,407 |
1.70%,
01/11/27
|
150,000 |
134,071 |
2.35%,
03/08/27
|
100,000 |
91,291 |
1.75%,
03/09/27
|
100,000 |
89,210 |
2.80%,
09/08/27
|
100,000 |
92,292 |
4.15%,
09/15/27
|
300,000 |
294,822 |
Johnson
Controls International plc | ||
3.90%,
02/14/26
(a) |
150,000 |
145,778 |
L3Harris
Technologies, Inc. | ||
3.95%,
05/28/24
(a) |
85,000 |
83,600 |
3.83%,
04/27/25
(a) |
150,000 |
145,988 |
3.85%,
12/15/26
(a) |
50,000 |
47,818 |
Leggett
& Platt, Inc. | ||
3.80%,
11/15/24
(a) |
75,000 |
72,926 |
Legrand
France S.A. | ||
8.50%,
02/15/25
|
70,000 |
75,681 |
Lennox
International, Inc. | ||
1.35%,
08/01/25
(a) |
175,000 |
158,198 |
Lockheed
Martin Corp. | ||
3.55%,
01/15/26
(a) |
200,000 |
194,512 |
5.10%,
11/15/27
(a) |
200,000 |
204,980 |
Martin
Marietta Materials, Inc. | ||
4.25%,
07/02/24
(a) |
100,000 |
98,738 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Masco
Corp. | ||
3.50%,
11/15/27
(a) |
50,000 |
46,392 |
Northrop
Grumman Corp. | ||
2.93%,
01/15/25
(a) |
225,000 |
215,998 |
3.20%,
02/01/27
(a) |
150,000 |
141,083 |
Otis
Worldwide Corp. | ||
2.06%,
04/05/25
(a) |
250,000 |
234,278 |
2.29%,
04/05/27
(a) |
100,000 |
89,899 |
Owens
Corning | ||
4.20%,
12/01/24
(a) |
125,000 |
123,350 |
3.40%,
08/15/26
(a) |
75,000 |
70,440 |
Parker-Hannifin
Corp. | ||
2.70%,
06/14/24
(a) |
100,000 |
96,466 |
3.65%,
06/15/24
|
200,000 |
195,842 |
3.25%,
03/01/27
(a) |
150,000 |
140,452 |
4.25%,
09/15/27
(a) |
150,000 |
145,938 |
Precision
Castparts Corp. | ||
3.25%,
06/15/25
(a) |
150,000 |
145,311 |
Raytheon
Technologies Corp. | ||
3.20%,
03/15/24
(a) |
150,000 |
146,797 |
3.95%,
08/16/25
(a) |
225,000 |
220,036 |
2.65%,
11/01/26
(a) |
150,000 |
138,472 |
3.50%,
03/15/27
(a) |
200,000 |
190,924 |
3.13%,
05/04/27
(a) |
150,000 |
139,992 |
Republic
Services, Inc. | ||
2.50%,
08/15/24
(a) |
170,000 |
162,981 |
3.20%,
03/15/25
(a) |
130,000 |
124,801 |
0.88%,
11/15/25
(a) |
100,000 |
89,388 |
3.38%,
11/15/27
(a) |
100,000 |
93,378 |
Rockwell
Automation, Inc. | ||
2.88%,
03/01/25
(a) |
50,000 |
48,118 |
Roper
Technologies, Inc. | ||
2.35%,
09/15/24
(a) |
75,000 |
71,607 |
1.00%,
09/15/25
(a) |
125,000 |
112,283 |
3.85%,
12/15/25
(a) |
25,000 |
24,260 |
3.80%,
12/15/26
(a) |
125,000 |
119,583 |
1.40%,
09/15/27
(a) |
150,000 |
127,324 |
Snap-on,
Inc. | ||
3.25%,
03/01/27
(a) |
50,000 |
47,389 |
Sonoco
Products Co. | ||
2.25%,
02/01/27
(a) |
100,000 |
88,840 |
Stanley
Black & Decker, Inc. | ||
3.40%,
03/01/26
(a) |
175,000 |
167,102 |
4.00%,
03/15/60
(a)(b) |
100,000 |
86,230 |
Teledyne
Technologies, Inc. | ||
0.95%,
04/01/24
(a) |
125,000 |
118,444 |
1.60%,
04/01/26
(a) |
50,000 |
44,737 |
Textron,
Inc. | ||
4.30%,
03/01/24
(a) |
10,000 |
9,888 |
3.88%,
03/01/25
(a) |
75,000 |
73,076 |
4.00%,
03/15/26
(a) |
100,000 |
96,451 |
3.65%,
03/15/27
(a) |
100,000 |
93,613 |
Timken
Co. | ||
3.88%,
09/01/24
(a) |
75,000 |
73,229 |
Trane
Technologies Luxembourg Finance S.A. | ||
3.55%,
11/01/24
(a) |
100,000 |
97,474 |
3.50%,
03/21/26
(a) |
75,000 |
70,762 |
Vontier
Corp. | ||
1.80%,
04/01/26
(a) |
100,000 |
84,700 |
Vulcan
Materials Co. | ||
4.50%,
04/01/25
(a) |
75,000 |
74,370 |
3.90%,
04/01/27
(a) |
100,000 |
95,114 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Waste
Management, Inc. | ||
3.13%,
03/01/25
(a) |
75,000 |
72,505 |
0.75%,
11/15/25
(a) |
75,000 |
67,247 |
3.15%,
11/15/27
(a) |
100,000 |
93,449 |
Westinghouse
Air Brake Technologies Corp. | ||
4.40%,
03/15/24
(a)(f) |
125,000 |
123,077 |
3.20%,
06/15/25
(a) |
75,000 |
70,682 |
3.45%,
11/15/26
(a) |
125,000 |
116,651 |
WW
Grainger, Inc. | ||
1.85%,
02/15/25
(a) |
90,000 |
84,564 |
Xylem,
Inc. | ||
3.25%,
11/01/26
(a) |
100,000 |
94,009 |
|
|
19,382,878 |
Communications
4.8%
| ||
Activision
Blizzard, Inc. | ||
3.40%,
09/15/26
(a) |
150,000 |
143,052 |
American
Tower Corp. | ||
0.60%,
01/15/24
|
75,000 |
71,502 |
5.00%,
02/15/24
|
100,000 |
99,858 |
3.38%,
05/15/24
(a) |
100,000 |
97,386 |
2.95%,
01/15/25
(a) |
150,000 |
143,228 |
2.40%,
03/15/25
(a) |
175,000 |
164,896 |
1.30%,
09/15/25
(a) |
200,000 |
180,667 |
1.60%,
04/15/26
(a) |
200,000 |
178,116 |
1.45%,
09/15/26
(a) |
100,000 |
87,339 |
3.38%,
10/15/26
(a) |
200,000 |
187,323 |
2.75%,
01/15/27
(a) |
275,000 |
249,529 |
3.13%,
01/15/27
(a) |
75,000 |
68,915 |
3.55%,
07/15/27
(a) |
100,000 |
92,674 |
AT&T,
Inc. | ||
0.90%,
03/25/24
(a) |
350,000 |
332,680 |
1.70%,
03/25/26
(a) |
400,000 |
361,383 |
2.95%,
07/15/26
(a) |
100,000 |
93,086 |
3.80%,
02/15/27
(a) |
100,000 |
95,439 |
4.25%,
03/01/27
(a) |
250,000 |
243,611 |
2.30%,
06/01/27
(a) |
450,000 |
401,423 |
Bell
Canada | ||
0.75%,
03/17/24
|
100,000 |
94,794 |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
4.50%,
02/01/24
(a) |
210,000 |
207,635 |
4.91%,
07/23/25
(a) |
700,000 |
687,276 |
Comcast
Corp. | ||
3.70%,
04/15/24
(a) |
200,000 |
197,062 |
3.38%,
02/15/25
(a) |
225,000 |
218,373 |
3.38%,
08/15/25
(a) |
250,000 |
241,310 |
3.95%,
10/15/25
(a) |
550,000 |
539,003 |
3.15%,
03/01/26
(a) |
400,000 |
381,391 |
2.35%,
01/15/27
(a) |
275,000 |
250,525 |
3.30%,
02/01/27
(a) |
225,000 |
212,576 |
3.30%,
04/01/27
(a) |
150,000 |
141,549 |
5.35%,
11/15/27
(a) |
125,000 |
127,847 |
Crown
Castle International Corp. | ||
3.20%,
09/01/24
(a) |
100,000 |
96,657 |
1.35%,
07/15/25
(a) |
100,000 |
91,028 |
4.45%,
02/15/26
(a) |
200,000 |
195,603 |
3.70%,
06/15/26
(a) |
50,000 |
47,591 |
1.05%,
07/15/26
(a) |
150,000 |
129,956 |
4.00%,
03/01/27
(a) |
100,000 |
95,466 |
2.90%,
03/15/27
(a) |
125,000 |
113,918 |
3.65%,
09/01/27
(a) |
150,000 |
139,651 |
Discovery
Communications LLC | ||
3.80%,
03/13/24
(a) |
100,000 |
97,750 |
3.90%,
11/15/24
(a) |
75,000 |
72,621 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.95%,
06/15/25
(a) |
125,000 |
119,411 |
4.90%,
03/11/26
(a) |
175,000 |
169,838 |
Electronic
Arts, Inc. | ||
4.80%,
03/01/26
(a) |
75,000 |
74,828 |
Fox
Corp. | ||
4.03%,
01/25/24
(a) |
200,000 |
197,759 |
3.05%,
04/07/25
(a) |
95,000 |
91,036 |
Magallanes,
Inc. | ||
3.43%,
03/15/24
(c) |
200,000 |
194,258 |
3.53%,
03/15/24
(a)(c) |
100,000 |
96,923 |
3.64%,
03/15/25
(c) |
275,000 |
261,773 |
3.76%,
03/15/27
(a)(c) |
675,000 |
609,622 |
Meta
Platforms, Inc. | ||
3.50%,
08/15/27
(a) |
400,000 |
373,476 |
Omnicom
Group, Inc./Omnicom Capital, Inc. | ||
3.65%,
11/01/24
(a) |
125,000 |
122,587 |
3.60%,
04/15/26
(a) |
225,000 |
216,420 |
Rogers
Communications, Inc. | ||
2.95%,
03/15/25
(a)(c) |
100,000 |
95,385 |
3.63%,
12/15/25
(a) |
100,000 |
95,960 |
2.90%,
11/15/26
(a) |
125,000 |
114,481 |
3.20%,
03/15/27
(a)(c) |
250,000 |
231,552 |
Take-Two
Interactive Software, Inc. | ||
3.30%,
03/28/24
|
150,000 |
146,509 |
3.55%,
04/14/25
|
100,000 |
96,426 |
3.70%,
04/14/27
(a) |
150,000 |
141,386 |
TCI
Communications, Inc. | ||
7.88%,
02/15/26
|
75,000 |
81,430 |
Telefonica
Emisiones S.A. | ||
4.10%,
03/08/27
|
250,000 |
237,266 |
TELUS
Corp. | ||
3.70%,
09/15/27
(a) |
125,000 |
118,640 |
T-Mobile
USA, Inc. | ||
3.50%,
04/15/25
(a) |
500,000 |
481,522 |
1.50%,
02/15/26
(a) |
125,000 |
112,091 |
2.25%,
02/15/26
(a) |
325,000 |
296,247 |
2.63%,
04/15/26
(a) |
250,000 |
229,230 |
3.75%,
04/15/27
(a) |
650,000 |
613,525 |
TWDC
Enterprises 18 Corp. | ||
3.15%,
09/17/25
|
200,000 |
191,938 |
3.00%,
02/13/26
|
250,000 |
237,126 |
1.85%,
07/30/26
|
300,000 |
271,599 |
Verizon
Communications, Inc. | ||
0.75%,
03/22/24
|
150,000 |
142,420 |
3.50%,
11/01/24
(a) |
175,000 |
170,098 |
3.38%,
02/15/25
|
275,000 |
266,673 |
0.85%,
11/20/25
(a) |
150,000 |
134,044 |
1.45%,
03/20/26
(a) |
300,000 |
269,799 |
2.63%,
08/15/26
|
325,000 |
300,497 |
4.13%,
03/16/27
|
550,000 |
536,133 |
3.00%,
03/22/27
(a) |
150,000 |
139,625 |
ViacomCBS,
Inc. | ||
4.75%,
05/15/25
(a) |
158,000 |
155,663 |
4.00%,
01/15/26
(a) |
225,000 |
216,234 |
Vodafone
Group PLC | ||
4.13%,
05/30/25
|
250,000 |
246,243 |
Walt
Disney Co. | ||
1.75%,
08/30/24
(a) |
150,000 |
142,999 |
3.70%,
09/15/24
(a) |
150,000 |
147,024 |
3.35%,
03/24/25
|
275,000 |
266,601 |
3.70%,
10/15/25
(a) |
100,000 |
97,191 |
1.75%,
01/13/26
|
150,000 |
137,530 |
3.38%,
11/15/26
(a) |
75,000 |
71,093 |
3.70%,
03/23/27
|
50,000 |
48,143 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Weibo
Corp. | ||
3.50%,
07/05/24
(a) |
200,000 |
193,897 |
WPP
Finance 2010 | ||
3.75%,
09/19/24
|
145,000 |
140,603 |
|
|
17,814,443 |
Consumer
Cyclical 7.8%
| ||
Alibaba
Group Holding Ltd. | ||
3.60%,
11/28/24
(a) |
300,000 |
290,158 |
3.40%,
12/06/27
(a) |
375,000 |
345,949 |
Amazon.com,
Inc. | ||
2.73%,
04/13/24
|
200,000 |
194,998 |
0.45%,
05/12/24
|
475,000 |
448,301 |
2.80%,
08/22/24
(a) |
300,000 |
290,802 |
4.70%,
11/29/24
|
200,000 |
199,960 |
3.80%,
12/05/24
(a) |
175,000 |
172,407 |
3.00%,
04/13/25
|
250,000 |
241,626 |
0.80%,
06/03/25
(a) |
200,000 |
182,933 |
4.60%,
12/01/25
|
250,000 |
249,843 |
5.20%,
12/03/25
(a) |
125,000 |
127,370 |
1.00%,
05/12/26
(a) |
450,000 |
399,287 |
3.30%,
04/13/27
(a) |
450,000 |
427,875 |
1.20%,
06/03/27
(a) |
175,000 |
151,888 |
3.15%,
08/22/27
(a) |
550,000 |
518,264 |
4.55%,
12/01/27
(a) |
200,000 |
199,609 |
American
Honda Finance Corp. | ||
3.55%,
01/12/24
|
100,000 |
98,642 |
2.90%,
02/16/24
|
150,000 |
146,500 |
2.40%,
06/27/24
|
100,000 |
96,406 |
0.55%,
07/12/24
|
250,000 |
233,843 |
0.75%,
08/09/24
|
250,000 |
233,897 |
2.15%,
09/10/24
|
130,000 |
124,120 |
1.20%,
07/08/25
|
25,000 |
22,879 |
1.00%,
09/10/25
|
150,000 |
135,667 |
1.30%,
09/09/26
|
150,000 |
132,595 |
2.30%,
09/09/26
|
125,000 |
114,394 |
2.35%,
01/08/27
|
75,000 |
68,228 |
Aptiv
PLC | ||
2.40%,
02/18/25
(a) |
125,000 |
117,949 |
AutoNation,
Inc. | ||
3.50%,
11/15/24
(a) |
165,000 |
158,327 |
AutoZone,
Inc. | ||
3.13%,
04/18/24
(a) |
100,000 |
97,537 |
3.25%,
04/15/25
(a) |
15,000 |
14,423 |
3.63%,
04/15/25
(a) |
90,000 |
87,279 |
3.13%,
04/21/26
(a) |
75,000 |
70,855 |
3.75%,
06/01/27
(a) |
150,000 |
143,429 |
Block
Financial LLC | ||
5.25%,
10/01/25
(a) |
50,000 |
49,902 |
Booking
Holdings, Inc. | ||
3.65%,
03/15/25
(a) |
125,000 |
121,878 |
3.60%,
06/01/26
(a) |
100,000 |
95,942 |
BorgWarner,
Inc. | ||
3.38%,
03/15/25
(a) |
110,000 |
105,474 |
2.65%,
07/01/27
(a) |
200,000 |
178,293 |
CBRE
Services, Inc. | ||
4.88%,
03/01/26
(a) |
125,000 |
123,866 |
Costco
Wholesale Corp. | ||
2.75%,
05/18/24
(a) |
205,000 |
199,685 |
3.00%,
05/18/27
(a) |
100,000 |
94,296 |
1.38%,
06/20/27
(a) |
250,000 |
219,444 |
Cummins,
Inc. | ||
0.75%,
09/01/25
(a) |
100,000 |
90,254 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Darden
Restaurants, Inc. | ||
3.85%,
05/01/27
(a) |
100,000 |
95,371 |
Dollar
General Corp. | ||
4.25%,
09/20/24
|
175,000 |
172,811 |
4.15%,
11/01/25
(a) |
75,000 |
73,359 |
3.88%,
04/15/27
(a) |
100,000 |
95,514 |
Dollar
Tree, Inc. | ||
4.00%,
05/15/25
(a) |
175,000 |
171,010 |
DR
Horton, Inc. | ||
2.50%,
10/15/24
(a) |
75,000 |
71,469 |
2.60%,
10/15/25
(a) |
140,000 |
130,407 |
1.30%,
10/15/26
(a) |
100,000 |
86,100 |
1.40%,
10/15/27
(a) |
100,000 |
83,569 |
eBay,
Inc. | ||
3.45%,
08/01/24
(a) |
120,000 |
116,974 |
1.90%,
03/11/25
(a) |
125,000 |
117,132 |
1.40%,
05/10/26
(a) |
125,000 |
111,032 |
3.60%,
06/05/27
(a) |
125,000 |
118,443 |
5.95%,
11/22/27
(a) |
100,000 |
102,990 |
Expedia
Group, Inc. | ||
5.00%,
02/15/26
(a) |
125,000 |
123,521 |
4.63%,
08/01/27
(a) |
100,000 |
96,190 |
General
Motors Co. | ||
4.00%,
04/01/25
|
105,000 |
102,710 |
6.13%,
10/01/25
(a) |
350,000 |
357,163 |
4.20%,
10/01/27
(a) |
100,000 |
94,233 |
6.80%,
10/01/27
(a) |
150,000 |
155,951 |
General
Motors Financial Co., Inc. | ||
5.10%,
01/17/24
(a) |
250,000 |
249,393 |
1.05%,
03/08/24
|
150,000 |
142,470 |
3.95%,
04/13/24
(a) |
270,000 |
264,907 |
1.20%,
10/15/24
|
200,000 |
185,360 |
3.50%,
11/07/24
(a) |
150,000 |
144,758 |
4.00%,
01/15/25
(a) |
200,000 |
194,299 |
2.90%,
02/26/25
(a) |
225,000 |
213,650 |
3.80%,
04/07/25
|
200,000 |
193,371 |
4.35%,
04/09/25
(a) |
125,000 |
121,785 |
2.75%,
06/20/25
(a) |
200,000 |
187,457 |
4.30%,
07/13/25
(a) |
125,000 |
121,421 |
6.05%,
10/10/25
|
100,000 |
101,792 |
1.25%,
01/08/26
(a) |
225,000 |
198,569 |
5.25%,
03/01/26
(a) |
225,000 |
221,870 |
1.50%,
06/10/26
(a) |
250,000 |
217,270 |
4.00%,
10/06/26
(a) |
125,000 |
117,889 |
4.35%,
01/17/27
(a) |
200,000 |
190,541 |
2.35%,
02/26/27
(a) |
150,000 |
131,233 |
5.00%,
04/09/27
(a) |
150,000 |
145,597 |
2.70%,
08/20/27
(a) |
175,000 |
153,007 |
Genuine
Parts Co. | ||
1.75%,
02/01/25
(a) |
100,000 |
93,518 |
GLP
Capital LP/GLP Financing II, Inc. | ||
3.35%,
09/01/24
(a) |
65,000 |
62,282 |
5.25%,
06/01/25
(a) |
150,000 |
148,125 |
5.38%,
04/15/26
(a) |
150,000 |
148,036 |
Harley-Davidson,
Inc. | ||
3.50%,
07/28/25
(a) |
100,000 |
95,273 |
Harman
International Industries, Inc. | ||
4.15%,
05/15/25
(a) |
75,000 |
73,043 |
Home
Depot, Inc. | ||
3.75%,
02/15/24
(a) |
240,000 |
237,719 |
3.35%,
09/15/25
(a) |
225,000 |
218,517 |
3.00%,
04/01/26
(a) |
200,000 |
190,484 |
2.13%,
09/15/26
(a) |
200,000 |
183,293 |
2.50%,
04/15/27
(a) |
250,000 |
230,249 |
2.80%,
09/14/27
(a) |
225,000 |
208,972 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Honda
Motor Co., Ltd. | ||
2.53%,
03/10/27
(a) |
175,000 |
160,394 |
Hyatt
Hotels Corp. | ||
1.80%,
10/01/24
(a) |
175,000 |
164,095 |
5.63%,
04/23/25
(a) |
90,000 |
89,398 |
J
Paul Getty Trust | ||
Series
2021
0.39%,
01/01/24
(a) |
50,000 |
47,886 |
JD.com,
Inc. | ||
3.88%,
04/29/26
|
200,000 |
190,313 |
Lear
Corp. | ||
3.80%,
09/15/27
(a) |
100,000 |
93,252 |
Lennar
Corp. | ||
4.50%,
04/30/24
(a) |
100,000 |
98,767 |
5.88%,
11/15/24
(a) |
75,000 |
75,378 |
4.75%,
05/30/25
(a) |
50,000 |
49,654 |
5.25%,
06/01/26
(a) |
50,000 |
50,134 |
5.00%,
06/15/27
(a) |
50,000 |
48,705 |
4.75%,
11/29/27
(a) |
200,000 |
192,747 |
Lowe's
Cos., Inc. | ||
3.13%,
09/15/24
(a) |
75,000 |
72,740 |
4.00%,
04/15/25
(a) |
75,000 |
73,570 |
4.40%,
09/08/25
|
200,000 |
197,425 |
3.38%,
09/15/25
(a) |
100,000 |
96,159 |
2.50%,
04/15/26
(a) |
225,000 |
210,093 |
3.35%,
04/01/27
(a) |
125,000 |
117,567 |
3.10%,
05/03/27
(a) |
250,000 |
233,211 |
Magna
International, Inc. | ||
3.63%,
06/15/24
(a) |
150,000 |
146,825 |
4.15%,
10/01/25
(a) |
100,000 |
97,736 |
Marriott
International, Inc. | ||
3.60%,
04/15/24
(a) |
115,000 |
112,690 |
3.75%,
03/15/25
(a) |
50,000 |
48,391 |
5.75%,
05/01/25
(a) |
150,000 |
151,812 |
3.75%,
10/01/25
(a) |
50,000 |
48,171 |
3.13%,
06/15/26
(a) |
100,000 |
93,753 |
5.00%,
10/15/27
(a) |
150,000 |
148,331 |
McDonald's
Corp. | ||
3.38%,
05/26/25
(a) |
50,000 |
48,385 |
3.30%,
07/01/25
(a) |
150,000 |
145,223 |
1.45%,
09/01/25
(a) |
50,000 |
45,940 |
3.70%,
01/30/26
(a) |
275,000 |
267,680 |
3.50%,
03/01/27
(a) |
150,000 |
142,991 |
3.50%,
07/01/27
(a) |
175,000 |
166,206 |
NIKE,
Inc. | ||
2.40%,
03/27/25
(a) |
80,000 |
76,490 |
2.38%,
11/01/26
(a) |
225,000 |
208,038 |
2.75%,
03/27/27
(a) |
150,000 |
140,447 |
O'Reilly
Automotive, Inc. | ||
3.55%,
03/15/26
(a) |
100,000 |
96,422 |
3.60%,
09/01/27
(a) |
150,000 |
141,732 |
PACCAR
Financial Corp. | ||
0.35%,
02/02/24
|
100,000 |
95,229 |
2.15%,
08/15/24
|
175,000 |
167,084 |
1.80%,
02/06/25
|
10,000 |
9,415 |
3.55%,
08/11/25
|
150,000 |
146,181 |
1.10%,
05/11/26
|
50,000 |
44,614 |
2.00%,
02/04/27
|
100,000 |
90,412 |
PulteGroup,
Inc. | ||
5.50%,
03/01/26
(a) |
175,000 |
175,842 |
5.00%,
01/15/27
(a) |
25,000 |
24,778 |
PVH
Corp. | ||
4.63%,
07/10/25
(a)(c) |
100,000 |
96,627 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Ralph
Lauren Corp. | ||
3.75%,
09/15/25
(a) |
100,000 |
97,244 |
Ross
Stores, Inc. | ||
4.60%,
04/15/25
(a) |
145,000 |
144,125 |
0.88%,
04/15/26
(a) |
75,000 |
65,989 |
Starbucks
Corp. | ||
3.80%,
08/15/25
(a) |
300,000 |
293,662 |
2.00%,
03/12/27
(a) |
75,000 |
67,091 |
Tapestry,
Inc. | ||
4.25%,
04/01/25
(a) |
75,000 |
73,351 |
4.13%,
07/15/27
(a) |
100,000 |
93,990 |
Target
Corp. | ||
3.50%,
07/01/24
|
140,000 |
137,345 |
2.25%,
04/15/25
(a) |
300,000 |
284,765 |
2.50%,
04/15/26
|
275,000 |
257,869 |
TJX
Cos., Inc. | ||
2.25%,
09/15/26
(a) |
175,000 |
160,366 |
Toll
Brothers Finance Corp. | ||
4.88%,
11/15/25
(a) |
75,000 |
73,961 |
4.88%,
03/15/27
(a) |
75,000 |
71,355 |
Toyota
Motor Corp. | ||
0.68%,
03/25/24
(a) |
250,000 |
237,358 |
1.34%,
03/25/26
(a) |
200,000 |
179,549 |
Toyota
Motor Credit Corp. | ||
3.35%,
01/08/24
|
125,000 |
123,044 |
0.45%,
01/11/24
|
300,000 |
286,814 |
2.90%,
04/17/24
|
100,000 |
97,405 |
0.63%,
09/13/24
|
250,000 |
232,855 |
4.40%,
09/20/24
|
350,000 |
347,160 |
2.00%,
10/07/24
|
75,000 |
71,398 |
1.45%,
01/13/25
|
100,000 |
93,712 |
1.80%,
02/13/25
|
225,000 |
211,645 |
3.00%,
04/01/25
|
250,000 |
240,372 |
3.40%,
04/14/25
|
100,000 |
97,034 |
0.80%,
10/16/25
|
225,000 |
201,846 |
0.80%,
01/09/26
|
150,000 |
134,049 |
1.13%,
06/18/26
|
250,000 |
221,413 |
1.90%,
01/13/27
|
150,000 |
134,268 |
3.05%,
03/22/27
|
300,000 |
280,212 |
1.15%,
08/13/27
|
150,000 |
128,002 |
4.55%,
09/20/27
|
300,000 |
296,311 |
VF
Corp. | ||
2.40%,
04/23/25
(a) |
150,000 |
140,961 |
2.80%,
04/23/27
(a) |
100,000 |
90,913 |
VICI
Properties LP | ||
4.38%,
05/15/25
|
75,000 |
73,397 |
Walgreens
Boots Alliance, Inc. | ||
3.80%,
11/18/24
(a) |
190,000 |
185,552 |
3.45%,
06/01/26
(a) |
225,000 |
214,169 |
Walmart,
Inc. | ||
3.30%,
04/22/24
(a) |
225,000 |
220,645 |
2.85%,
07/08/24
(a) |
150,000 |
145,877 |
2.65%,
12/15/24
(a) |
115,000 |
110,715 |
3.55%,
06/26/25
(a) |
225,000 |
220,491 |
3.90%,
09/09/25
|
325,000 |
320,357 |
3.05%,
07/08/26
(a) |
125,000 |
120,323 |
1.05%,
09/17/26
(a) |
200,000 |
177,225 |
3.95%,
09/09/27
(a) |
150,000 |
148,345 |
|
|
28,722,836 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Consumer
Non-Cyclical 11.3%
| ||
Abbott
Laboratories | ||
2.95%,
03/15/25
(a) |
150,000 |
144,999 |
3.88%,
09/15/25
(a) |
25,000 |
24,545 |
3.75%,
11/30/26
(a) |
275,000 |
268,294 |
AbbVie,
Inc. | ||
3.85%,
06/15/24
(a) |
200,000 |
196,923 |
2.60%,
11/21/24
(a) |
575,000 |
550,663 |
3.80%,
03/15/25
(a) |
450,000 |
438,961 |
3.60%,
05/14/25
(a) |
575,000 |
557,484 |
3.20%,
05/14/26
(a) |
325,000 |
307,741 |
2.95%,
11/21/26
(a) |
625,000 |
582,731 |
Agilent
Technologies, Inc. | ||
3.05%,
09/22/26
(a) |
75,000 |
69,851 |
Altria
Group, Inc. | ||
4.00%,
01/31/24
|
140,000 |
138,668 |
3.80%,
02/14/24
(a) |
50,000 |
49,176 |
2.35%,
05/06/25
(a) |
130,000 |
122,488 |
4.40%,
02/14/26
(a) |
100,000 |
98,106 |
2.63%,
09/16/26
(a) |
125,000 |
114,826 |
AmerisourceBergen
Corp. | ||
3.40%,
05/15/24
(a) |
125,000 |
122,121 |
3.25%,
03/01/25
(a) |
20,000 |
19,286 |
3.45%,
12/15/27
(a) |
100,000 |
93,622 |
Amgen,
Inc. | ||
3.63%,
05/22/24
(a) |
200,000 |
196,401 |
1.90%,
02/21/25
(a) |
120,000 |
112,671 |
3.13%,
05/01/25
(a) |
150,000 |
144,127 |
2.60%,
08/19/26
(a) |
200,000 |
185,040 |
2.20%,
02/21/27
(a) |
250,000 |
224,943 |
3.20%,
11/02/27
(a) |
200,000 |
185,655 |
Anheuser-Busch
Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%,
02/01/26
(a) |
550,000 |
529,997 |
Archer-Daniels-Midland
Co. | ||
2.50%,
08/11/26
(a) |
200,000 |
185,844 |
Astrazeneca
Finance LLC | ||
0.70%,
05/28/24
(a) |
275,000 |
259,515 |
1.20%,
05/28/26
(a) |
225,000 |
200,655 |
AstraZeneca
PLC | ||
3.38%,
11/16/25
|
350,000 |
338,544 |
0.70%,
04/08/26
(a) |
200,000 |
176,118 |
3.13%,
06/12/27
(a) |
100,000 |
94,164 |
BAT
Capital Corp. | ||
3.22%,
08/15/24
(a) |
425,000 |
410,116 |
2.79%,
09/06/24
(a) |
150,000 |
143,810 |
3.22%,
09/06/26
(a) |
200,000 |
185,148 |
4.70%,
04/02/27
(a) |
100,000 |
96,171 |
3.56%,
08/15/27
(a) |
550,000 |
501,790 |
BAT
International Finance PLC | ||
1.67%,
03/25/26
(a) |
250,000 |
221,692 |
Baxalta,
Inc. | ||
4.00%,
06/23/25
(a) |
150,000 |
146,207 |
Baxter
International, Inc. | ||
1.32%,
11/29/24
|
100,000 |
93,200 |
2.60%,
08/15/26
(a) |
150,000 |
138,771 |
1.92%,
02/01/27
(a) |
250,000 |
222,222 |
Becton
Dickinson & Co. | ||
3.36%,
06/06/24
(a) |
150,000 |
146,452 |
3.73%,
12/15/24
(a) |
145,000 |
141,435 |
3.70%,
06/06/27
(a) |
275,000 |
260,464 |
Biogen,
Inc. | ||
4.05%,
09/15/25
(a) |
300,000 |
291,669 |
Bio-Rad
Laboratories, Inc. | ||
3.30%,
03/15/27
(a) |
100,000 |
92,403 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Boston
Scientific Corp. | ||
3.45%,
03/01/24
(a) |
77,000 |
75,588 |
1.90%,
06/01/25
(a) |
100,000 |
93,511 |
Bristol-Myers
Squibb Co. | ||
3.63%,
05/15/24
(a) |
75,000 |
73,970 |
2.90%,
07/26/24
(a) |
425,000 |
413,155 |
0.75%,
11/13/25
(a) |
175,000 |
157,601 |
3.20%,
06/15/26
(a) |
325,000 |
310,457 |
3.25%,
02/27/27
|
75,000 |
71,566 |
1.13%,
11/13/27
(a) |
100,000 |
85,592 |
3.45%,
11/15/27
(a) |
100,000 |
95,586 |
Brown-Forman
Corp. | ||
3.50%,
04/15/25
(a) |
75,000 |
73,432 |
Brunswick
Corp. | ||
0.85%,
08/18/24
(a) |
100,000 |
92,519 |
Bunge
Ltd. Finance Corp. | ||
1.63%,
08/17/25
(a) |
100,000 |
91,259 |
3.25%,
08/15/26
(a) |
200,000 |
186,741 |
Campbell
Soup Co. | ||
3.95%,
03/15/25
(a) |
150,000 |
146,651 |
3.30%,
03/19/25
(a) |
50,000 |
48,212 |
Cardinal
Health, Inc. | ||
3.08%,
06/15/24
(a) |
175,000 |
170,061 |
3.50%,
11/15/24
(a) |
70,000 |
67,974 |
3.75%,
09/15/25
(a) |
100,000 |
96,963 |
3.41%,
06/15/27
(a) |
150,000 |
140,698 |
Cigna
Corp. | ||
0.61%,
03/15/24
(a) |
100,000 |
94,848 |
3.50%,
06/15/24
(a) |
125,000 |
122,143 |
3.25%,
04/15/25
(a) |
25,000 |
24,107 |
4.13%,
11/15/25
(a) |
350,000 |
342,593 |
4.50%,
02/25/26
(a) |
200,000 |
197,180 |
1.25%,
03/15/26
(a) |
100,000 |
89,197 |
3.40%,
03/01/27
(a) |
250,000 |
234,919 |
3.05%,
10/15/27
(a) |
100,000 |
91,719 |
Coca-Cola
Co. | ||
1.75%,
09/06/24
|
150,000 |
143,128 |
3.38%,
03/25/27
|
200,000 |
192,098 |
1.45%,
06/01/27
|
250,000 |
221,055 |
Colgate-Palmolive
Co. | ||
3.25%,
03/15/24
|
100,000 |
98,633 |
3.10%,
08/15/27
(a) |
150,000 |
142,330 |
CommonSpirit
Health | ||
2.76%,
10/01/24
(a) |
100,000 |
95,949 |
1.55%,
10/01/25
(a) |
200,000 |
180,774 |
6.07%,
11/01/27
(a) |
50,000 |
51,223 |
Conagra
Brands, Inc. | ||
4.30%,
05/01/24
(a) |
75,000 |
73,981 |
4.60%,
11/01/25
(a) |
225,000 |
221,703 |
1.38%,
11/01/27
(a) |
100,000 |
83,295 |
Constellation
Brands, Inc. | ||
3.60%,
05/09/24
|
100,000 |
97,980 |
4.75%,
11/15/24
|
75,000 |
74,607 |
4.40%,
11/15/25
(a) |
100,000 |
98,454 |
4.75%,
12/01/25
|
50,000 |
49,954 |
3.70%,
12/06/26
(a) |
100,000 |
95,354 |
3.50%,
05/09/27
(a) |
75,000 |
70,316 |
4.35%,
05/09/27
(a) |
100,000 |
97,541 |
CVS
Health Corp. | ||
3.38%,
08/12/24
(a) |
200,000 |
195,284 |
2.63%,
08/15/24
(a) |
165,000 |
158,515 |
4.10%,
03/25/25
(a) |
175,000 |
172,628 |
3.88%,
07/20/25
(a) |
450,000 |
439,632 |
2.88%,
06/01/26
(a) |
300,000 |
280,386 |
3.00%,
08/15/26
(a) |
50,000 |
46,736 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.63%,
04/01/27
(a) |
150,000 |
142,518 |
1.30%,
08/21/27
(a) |
400,000 |
339,491 |
Danaher
Corp. | ||
3.35%,
09/15/25
(a) |
50,000 |
48,193 |
DH
Europe Finance II Sarl | ||
2.20%,
11/15/24
(a) |
105,000 |
100,045 |
Diageo
Capital PLC | ||
1.38%,
09/29/25
(a) |
225,000 |
206,501 |
5.30%,
10/24/27
(a) |
200,000 |
204,799 |
Eli
Lilly & Co. | ||
2.75%,
06/01/25
(a) |
100,000 |
95,710 |
5.50%,
03/15/27
|
75,000 |
77,996 |
3.10%,
05/15/27
(a) |
75,000 |
70,636 |
Estee
Lauder Cos., Inc. | ||
2.00%,
12/01/24
(a) |
75,000 |
71,192 |
3.15%,
03/15/27
(a) |
100,000 |
94,853 |
Flowers
Foods, Inc. | ||
3.50%,
10/01/26
(a) |
100,000 |
94,380 |
GE
HealthCare Technologies, Inc. | ||
5.60%,
11/15/25
(a)(c) |
300,000 |
301,952 |
5.65%,
11/15/27
(a)(c) |
300,000 |
304,657 |
General
Mills, Inc. | ||
3.65%,
02/15/24
(a) |
75,000 |
73,948 |
4.00%,
04/17/25
(a) |
100,000 |
97,789 |
3.20%,
02/10/27
(a) |
150,000 |
142,189 |
Gilead
Sciences, Inc. | ||
3.70%,
04/01/24
(a) |
295,000 |
290,290 |
3.50%,
02/01/25
(a) |
375,000 |
363,377 |
3.65%,
03/01/26
(a) |
425,000 |
410,481 |
2.95%,
03/01/27
(a) |
150,000 |
139,804 |
1.20%,
10/01/27
(a) |
100,000 |
85,016 |
GlaxoSmithKline
Capital PLC | ||
3.00%,
06/01/24
(a) |
150,000 |
146,071 |
GlaxoSmithKline
Capital, Inc. | ||
3.63%,
05/15/25
|
175,000 |
171,063 |
GSK
Consumer Healthcare Capital US LLC | ||
3.02%,
03/24/24
(a) |
250,000 |
242,603 |
3.13%,
03/24/25
|
250,000 |
238,380 |
3.38%,
03/24/27
(a) |
275,000 |
256,486 |
Hasbro,
Inc. | ||
3.00%,
11/19/24
(a) |
75,000 |
72,056 |
3.55%,
11/19/26
(a) |
175,000 |
164,343 |
HCA,
Inc. | ||
5.00%,
03/15/24
|
325,000 |
323,317 |
5.38%,
02/01/25
|
400,000 |
400,019 |
5.25%,
04/15/25
|
250,000 |
248,588 |
5.88%,
02/15/26
(a) |
150,000 |
151,045 |
5.25%,
06/15/26
(a) |
300,000 |
296,946 |
5.38%,
09/01/26
(a) |
175,000 |
173,431 |
4.50%,
02/15/27
(a) |
225,000 |
216,940 |
3.13%,
03/15/27
(a)(c) |
200,000 |
182,257 |
Hershey
Co. | ||
2.30%,
08/15/26
(a) |
100,000 |
92,017 |
Hormel
Foods Corp. | ||
0.65%,
06/03/24
(a) |
150,000 |
141,477 |
Illumina,
Inc. | ||
5.75%,
12/13/27
(a) |
100,000 |
101,470 |
Ingredion,
Inc. | ||
3.20%,
10/01/26
(a) |
100,000 |
93,832 |
JBS
USA LUX S.A. | ||
2.50%,
01/15/27
(a)(c) |
200,000 |
175,310 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
JM
Smucker Co. | ||
3.50%,
03/15/25
|
150,000 |
145,267 |
3.38%,
12/15/27
(a) |
100,000 |
92,577 |
Johnson
& Johnson | ||
2.63%,
01/15/25
(a) |
100,000 |
96,391 |
0.55%,
09/01/25
(a) |
175,000 |
158,163 |
2.45%,
03/01/26
(a) |
325,000 |
305,733 |
2.95%,
03/03/27
(a) |
175,000 |
165,540 |
0.95%,
09/01/27
(a) |
200,000 |
172,690 |
Kaiser
Foundation Hospitals | ||
3.15%,
05/01/27
(a) |
100,000 |
93,554 |
Kellogg
Co. | ||
3.25%,
04/01/26
|
100,000 |
95,313 |
3.40%,
11/15/27
(a) |
100,000 |
93,185 |
Keurig
Dr Pepper, Inc. | ||
0.75%,
03/15/24
(a) |
200,000 |
189,990 |
4.42%,
05/25/25
(a) |
100,000 |
99,000 |
3.40%,
11/15/25
(a) |
100,000 |
96,172 |
2.55%,
09/15/26
(a) |
75,000 |
68,858 |
Kimberly-Clark
Corp. | ||
3.05%,
08/15/25
|
50,000 |
48,096 |
2.75%,
02/15/26
|
75,000 |
70,924 |
1.05%,
09/15/27
(a) |
125,000 |
106,908 |
Kraft
Heinz Foods Co. | ||
3.00%,
06/01/26
(a) |
300,000 |
281,244 |
3.88%,
05/15/27
(a) |
225,000 |
215,191 |
Kroger
Co. | ||
4.00%,
02/01/24
(a) |
85,000 |
84,074 |
2.65%,
10/15/26
(a) |
200,000 |
183,897 |
Laboratory
Corp. of America Holdings | ||
3.25%,
09/01/24
(a) |
100,000 |
96,988 |
2.30%,
12/01/24
(a) |
50,000 |
47,337 |
3.60%,
02/01/25
(a) |
200,000 |
193,712 |
1.55%,
06/01/26
(a) |
50,000 |
44,325 |
3.60%,
09/01/27
(a) |
100,000 |
94,953 |
McCormick
& Co., Inc. | ||
3.15%,
08/15/24
(a) |
125,000 |
121,053 |
0.90%,
02/15/26
(a) |
100,000 |
87,996 |
3.40%,
08/15/27
(a) |
125,000 |
116,735 |
McKesson
Corp. | ||
3.80%,
03/15/24
(a) |
150,000 |
147,710 |
0.90%,
12/03/25
(a) |
50,000 |
44,502 |
1.30%,
08/15/26
(a) |
100,000 |
87,960 |
Mead
Johnson Nutrition Co. | ||
4.13%,
11/15/25
(a) |
125,000 |
122,578 |
Merck
& Co., Inc. | ||
2.90%,
03/07/24
(a) |
145,000 |
141,742 |
2.75%,
02/10/25
(a) |
420,000 |
402,780 |
0.75%,
02/24/26
(a) |
175,000 |
155,221 |
1.70%,
06/10/27
(a) |
200,000 |
177,784 |
Molson
Coors Beverage Co. | ||
3.00%,
07/15/26
(a) |
325,000 |
302,208 |
Mondelez
International, Inc. | ||
1.50%,
05/04/25
(a) |
175,000 |
162,313 |
2.63%,
03/17/27
(a) |
100,000 |
90,894 |
Novartis
Capital Corp. | ||
3.40%,
05/06/24
|
400,000 |
392,155 |
1.75%,
02/14/25
(a) |
35,000 |
33,047 |
3.00%,
11/20/25
(a) |
325,000 |
311,999 |
2.00%,
02/14/27
(a) |
325,000 |
296,264 |
PeaceHealth
Obligated Group | ||
1.38%,
11/15/25
(a) |
100,000 |
89,846 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
PepsiCo,
Inc. | ||
3.60%,
03/01/24
(a) |
200,000 |
197,649 |
2.25%,
03/19/25
(a) |
250,000 |
237,970 |
2.75%,
04/30/25
(a) |
200,000 |
191,613 |
3.50%,
07/17/25
(a) |
100,000 |
97,743 |
2.85%,
02/24/26
(a) |
125,000 |
118,981 |
2.38%,
10/06/26
(a) |
125,000 |
116,562 |
2.63%,
03/19/27
(a) |
150,000 |
139,463 |
3.00%,
10/15/27
(a) |
200,000 |
188,017 |
PerkinElmer,
Inc. | ||
0.85%,
09/15/24
(a) |
150,000 |
139,161 |
Pfizer,
Inc. | ||
2.95%,
03/15/24
(a) |
150,000 |
146,670 |
3.40%,
05/15/24
|
175,000 |
171,807 |
0.80%,
05/28/25
(a) |
150,000 |
137,338 |
2.75%,
06/03/26
|
200,000 |
188,768 |
3.00%,
12/15/26
|
250,000 |
237,174 |
Philip
Morris International, Inc. | ||
2.88%,
05/01/24
(a) |
115,000 |
111,718 |
3.25%,
11/10/24
|
130,000 |
125,757 |
1.50%,
05/01/25
(a) |
125,000 |
115,723 |
3.38%,
08/11/25
(a) |
175,000 |
168,205 |
2.75%,
02/25/26
(a) |
200,000 |
187,888 |
0.88%,
05/01/26
(a) |
150,000 |
132,003 |
3.13%,
08/17/27
(a) |
150,000 |
139,271 |
5.13%,
11/17/27
(a) |
250,000 |
252,564 |
Procter
& Gamble Co. | ||
0.55%,
10/29/25
|
175,000 |
157,168 |
2.70%,
02/02/26
|
100,000 |
95,073 |
1.00%,
04/23/26
|
150,000 |
134,575 |
2.45%,
11/03/26
|
175,000 |
162,324 |
2.80%,
03/25/27
|
175,000 |
164,378 |
Providence
St Joseph Health Obligated Group | ||
2.75%,
10/01/26
(a) |
50,000 |
46,840 |
Quest
Diagnostics, Inc. | ||
4.25%,
04/01/24
(a) |
50,000 |
49,611 |
3.50%,
03/30/25
(a) |
50,000 |
48,263 |
3.45%,
06/01/26
(a) |
100,000 |
95,697 |
Reynolds
American, Inc. | ||
4.45%,
06/12/25
(a) |
375,000 |
367,281 |
Royalty
Pharma PLC | ||
1.20%,
09/02/25
(a) |
175,000 |
156,830 |
1.75%,
09/02/27
(a) |
125,000 |
106,256 |
Shire
Acquisitions Investments Ireland DAC | ||
3.20%,
09/23/26
(a) |
475,000 |
446,904 |
SSM
Health Care Corp. | ||
3.82%,
06/01/27
(a) |
100,000 |
94,828 |
Stryker
Corp. | ||
3.38%,
05/15/24
(a) |
100,000 |
97,667 |
1.15%,
06/15/25
(a) |
100,000 |
91,528 |
3.38%,
11/01/25
(a) |
125,000 |
120,955 |
3.50%,
03/15/26
(a) |
175,000 |
168,095 |
Sutter
Health | ||
1.32%,
08/15/25
(a) |
100,000 |
90,981 |
Sysco
Corp. | ||
3.75%,
10/01/25
(a) |
125,000 |
121,107 |
3.30%,
07/15/26
(a) |
200,000 |
189,211 |
3.25%,
07/15/27
(a) |
100,000 |
92,660 |
The
Hershey Co. | ||
2.05%,
11/15/24
(a) |
100,000 |
95,272 |
The
Kroger Co. | ||
3.50%,
02/01/26
(a) |
50,000 |
47,795 |
3.70%,
08/01/27
(a) |
100,000 |
94,588 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
The
Procter & Gamble Co. | ||
1.90%,
02/01/27
|
225,000 |
205,121 |
Thermo
Fisher Scientific, Inc. | ||
1.22%,
10/18/24
(a) |
450,000 |
422,464 |
4.80%,
11/21/27
(a) |
100,000 |
100,554 |
Tyson
Foods, Inc. | ||
3.95%,
08/15/24
(a) |
200,000 |
197,052 |
4.00%,
03/01/26
(a) |
175,000 |
169,714 |
3.55%,
06/02/27
(a) |
200,000 |
187,652 |
Unilever
Capital Corp. | ||
3.25%,
03/07/24
(a) |
100,000 |
98,236 |
2.60%,
05/05/24
(a) |
200,000 |
194,168 |
0.63%,
08/12/24
(a) |
100,000 |
93,661 |
3.38%,
03/22/25
(a) |
150,000 |
146,101 |
2.00%,
07/28/26
|
150,000 |
137,093 |
2.90%,
05/05/27
(a) |
175,000 |
163,845 |
Universal
Health Services, Inc. | ||
1.65%,
09/01/26
(a) |
125,000 |
107,301 |
UPMC | ||
3.60%,
04/03/25
|
135,000 |
130,488 |
Utah
Acquisition Sub, Inc. | ||
3.95%,
06/15/26
(a) |
350,000 |
327,358 |
Viatris,
Inc. | ||
1.65%,
06/22/25
(a) |
125,000 |
113,299 |
2.30%,
06/22/27
(a) |
150,000 |
128,450 |
Whirlpool
Corp. | ||
4.00%,
03/01/24
|
10,000 |
9,862 |
3.70%,
05/01/25
|
100,000 |
97,316 |
Wyeth
LLC | ||
6.45%,
02/01/24
|
75,000 |
76,271 |
Zimmer
Biomet Holdings, Inc. | ||
3.55%,
04/01/25
(a) |
325,000 |
313,891 |
Zoetis,
Inc. | ||
4.50%,
11/13/25
(a) |
100,000 |
99,553 |
5.40%,
11/14/25
(a) |
175,000 |
178,597 |
3.00%,
09/12/27
(a) |
100,000 |
92,640 |
|
|
41,832,463 |
Energy
5.5%
| ||
Baker
Hughes a GE Co., LLC/Baker Hughes Co-Obligor,
Inc. | ||
3.34%,
12/15/27
(a) |
200,000 |
185,132 |
Baker
Hughes Holdings LLC | ||
2.06%,
12/15/26
(a) |
100,000 |
89,780 |
Boardwalk
Pipelines LP | ||
4.95%,
12/15/24
(a) |
75,000 |
74,234 |
5.95%,
06/01/26
(a) |
100,000 |
101,607 |
4.45%,
07/15/27
(a) |
100,000 |
95,237 |
BP
Capital Markets America, Inc. | ||
3.80%,
09/21/25
(a) |
150,000 |
147,388 |
3.41%,
02/11/26
(a) |
100,000 |
96,171 |
3.12%,
05/04/26
(a) |
150,000 |
142,421 |
3.02%,
01/16/27
(a) |
175,000 |
163,398 |
3.54%,
04/06/27
(a) |
100,000 |
95,212 |
3.59%,
04/14/27
(a) |
225,000 |
214,670 |
BP
Capital Markets PLC | ||
3.28%,
09/19/27
(a) |
250,000 |
235,235 |
Canadian
Natural Resources Ltd. | ||
3.80%,
04/15/24
(a) |
100,000 |
98,214 |
3.90%,
02/01/25
(a) |
100,000 |
97,374 |
2.05%,
07/15/25
(a) |
125,000 |
116,495 |
3.85%,
06/01/27
(a) |
150,000 |
141,701 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Cheniere
Corpus Christi Holdings LLC | ||
5.88%,
03/31/25
(a) |
225,000 |
226,368 |
5.13%,
06/30/27
(a) |
300,000 |
297,115 |
Chevron
Corp. | ||
2.90%,
03/03/24
(a) |
150,000 |
146,754 |
1.55%,
05/11/25
(a) |
475,000 |
442,286 |
3.33%,
11/17/25
(a) |
150,000 |
145,245 |
2.95%,
05/16/26
(a) |
300,000 |
285,044 |
2.00%,
05/11/27
(a) |
175,000 |
157,427 |
Chevron
USA, Inc. | ||
3.90%,
11/15/24
(a) |
120,000 |
118,068 |
0.69%,
08/12/25
(a) |
100,000 |
90,541 |
1.02%,
08/12/27
(a) |
100,000 |
85,860 |
Columbia
Pipeline Group, Inc. | ||
4.50%,
06/01/25
(a) |
175,000 |
172,713 |
ConocoPhillips
Co. | ||
2.13%,
03/08/24
(a) |
150,000 |
145,363 |
2.40%,
03/07/25
(a) |
225,000 |
214,010 |
Continental
Resources, Inc. | ||
3.80%,
06/01/24
(a) |
150,000 |
145,949 |
Coterra
Energy, Inc. | ||
3.90%,
05/15/27
(a) |
125,000 |
117,094 |
DCP
Midstream Operating LP | ||
5.63%,
07/15/27
(a) |
175,000 |
174,361 |
Devon
Energy Corp. | ||
5.25%,
09/15/24
(a)(c) |
75,000 |
75,107 |
5.85%,
12/15/25
(a) |
100,000 |
101,963 |
Diamondback
Energy, Inc. | ||
3.25%,
12/01/26
(a) |
100,000 |
93,314 |
Eastern
Energy Gas Holdings LLC | ||
2.50%,
11/15/24
(a) |
120,000 |
114,532 |
3.60%,
12/15/24
(a) |
61,000 |
59,293 |
Enbridge,
Inc. | ||
3.50%,
06/10/24
(a) |
150,000 |
146,000 |
1.60%,
10/04/26
(a) |
175,000 |
153,476 |
4.25%,
12/01/26
(a) |
200,000 |
192,715 |
Energy
Transfer LP | ||
5.88%,
01/15/24
(a) |
175,000 |
175,503 |
4.90%,
02/01/24
(a) |
70,000 |
69,477 |
4.25%,
04/01/24
(a) |
15,000 |
14,748 |
4.50%,
04/15/24
(a) |
120,000 |
118,393 |
3.90%,
05/15/24
(a) |
100,000 |
97,593 |
3.90%,
07/15/26
(a) |
100,000 |
94,672 |
4.40%,
03/15/27
(a) |
100,000 |
95,251 |
4.00%,
10/01/27
(a) |
100,000 |
93,691 |
Energy
Transfer Operating LP | ||
4.05%,
03/15/25
(a) |
175,000 |
169,691 |
2.90%,
05/15/25
(a) |
150,000 |
141,455 |
4.75%,
01/15/26
(a) |
150,000 |
146,538 |
4.20%,
04/15/27
(a) |
100,000 |
94,550 |
5.50%,
06/01/27
(a) |
150,000 |
149,207 |
Enterprise
Products Operating LLC | ||
3.90%,
02/15/24
(a) |
175,000 |
172,459 |
3.75%,
02/15/25
(a) |
185,000 |
180,039 |
3.70%,
02/15/26
(a) |
200,000 |
192,960 |
3.95%,
02/15/27
(a) |
100,000 |
96,046 |
5.25%,
08/16/77
(a)(b) |
150,000 |
123,009 |
EOG
Resources, Inc. | ||
3.15%,
04/01/25
(a) |
100,000 |
96,618 |
4.15%,
01/15/26
(a) |
100,000 |
98,194 |
EQT
Corp. | ||
6.13%,
02/01/25
(a)(f) |
175,000 |
175,649 |
5.68%,
10/01/25
(a) |
100,000 |
99,950 |
3.90%,
10/01/27
(a) |
150,000 |
138,771 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Exxon
Mobil Corp. | ||
3.18%,
03/15/24
(a) |
190,000 |
186,423 |
2.02%,
08/16/24
(a) |
100,000 |
95,871 |
2.71%,
03/06/25
(a) |
250,000 |
239,269 |
2.99%,
03/19/25
(a) |
430,000 |
414,684 |
3.04%,
03/01/26
(a) |
400,000 |
382,229 |
2.28%,
08/16/26
(a) |
150,000 |
139,015 |
3.29%,
03/19/27
(a) |
225,000 |
216,297 |
Halliburton
Co. | ||
3.80%,
11/15/25
(a) |
95,000 |
92,518 |
Hess
Corp. | ||
3.50%,
07/15/24
(a) |
50,000 |
48,569 |
4.30%,
04/01/27
(a) |
150,000 |
143,674 |
HF
Sinclair Corp. | ||
2.63%,
10/01/23
|
25,000 |
24,406 |
5.88%,
04/01/26
(a) |
225,000 |
226,044 |
Kinder
Morgan Energy Partners LP | ||
4.15%,
02/01/24
(a) |
125,000 |
123,446 |
4.30%,
05/01/24
(a) |
100,000 |
98,809 |
4.25%,
09/01/24
(a) |
50,000 |
49,252 |
Kinder
Morgan, Inc. | ||
4.30%,
06/01/25
(a) |
225,000 |
221,009 |
1.75%,
11/15/26
(a) |
75,000 |
66,264 |
Magellan
Midstream Partners LP | ||
5.00%,
03/01/26
(a) |
100,000 |
99,581 |
Marathon
Oil Corp. | ||
4.40%,
07/15/27
(a) |
200,000 |
191,216 |
Marathon
Petroleum Corp. | ||
3.63%,
09/15/24
(a) |
75,000 |
73,050 |
4.70%,
05/01/25
(a) |
225,000 |
221,796 |
5.13%,
12/15/26
(a) |
175,000 |
174,670 |
MPLX
LP | ||
4.88%,
12/01/24
(a) |
175,000 |
173,593 |
4.00%,
02/15/25
(a) |
20,000 |
19,406 |
4.88%,
06/01/25
(a) |
200,000 |
197,841 |
1.75%,
03/01/26
(a) |
275,000 |
245,585 |
4.13%,
03/01/27
(a) |
250,000 |
236,875 |
National
Fuel Gas Co. | ||
5.20%,
07/15/25
(a) |
75,000 |
74,780 |
5.50%,
01/15/26
(a) |
150,000 |
149,830 |
Northwest
Pipeline LLC | ||
4.00%,
04/01/27
(a) |
125,000 |
118,977 |
ONEOK
Partners LP | ||
4.90%,
03/15/25
(a) |
100,000 |
98,735 |
ONEOK,
Inc. | ||
2.75%,
09/01/24
(a) |
95,000 |
91,109 |
2.20%,
09/15/25
(a) |
75,000 |
68,970 |
5.85%,
01/15/26
(a) |
120,000 |
121,854 |
4.00%,
07/13/27
(a) |
100,000 |
94,301 |
Ovintiv
Exploration, Inc. | ||
5.38%,
01/01/26
(a) |
125,000 |
124,072 |
Phillips
66 | ||
3.85%,
04/09/25
(a) |
175,000 |
170,705 |
1.30%,
02/15/26
(a) |
50,000 |
44,779 |
Phillips
66 Co. | ||
3.55%,
10/01/26
(a) |
100,000 |
93,921 |
Phillips
66 Partners LP | ||
3.61%,
02/15/25
(a)(c) |
70,000 |
67,847 |
Pioneer
Natural Resources Co. | ||
1.13%,
01/15/26
(a) |
150,000 |
133,828 |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
3.60%,
11/01/24
(a) |
105,000 |
101,816 |
4.65%,
10/15/25
(a) |
175,000 |
171,534 |
4.50%,
12/15/26
(a) |
100,000 |
96,228 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Sabine
Pass Liquefaction LLC | ||
5.75%,
05/15/24
(a) |
250,000 |
250,234 |
5.63%,
03/01/25
(a) |
375,000 |
376,275 |
5.88%,
06/30/26
(a) |
250,000 |
253,274 |
5.00%,
03/15/27
(a) |
200,000 |
196,455 |
Schlumberger
Finance Canada Ltd. | ||
1.40%,
09/17/25
(a) |
50,000 |
45,898 |
Shell
International Finance BV | ||
2.00%,
11/07/24
(a) |
225,000 |
214,108 |
3.25%,
05/11/25
|
425,000 |
412,241 |
2.88%,
05/10/26
|
300,000 |
282,929 |
2.50%,
09/12/26
|
175,000 |
162,588 |
Spectra
Energy Partners LP | ||
4.75%,
03/15/24
(a) |
250,000 |
248,462 |
3.50%,
03/15/25
(a) |
125,000 |
120,356 |
3.38%,
10/15/26
(a) |
100,000 |
93,450 |
Sunoco
Logistics Partners Operations LP | ||
5.95%,
12/01/25
(a) |
100,000 |
101,552 |
Targa
Resources Corp. | ||
5.20%,
07/01/27
(a) |
125,000 |
122,912 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
6.50%,
07/15/27
(a) |
150,000 |
151,661 |
TC
PipeLines LP | ||
4.38%,
03/13/25
(a) |
50,000 |
49,094 |
3.90%,
05/25/27
(a) |
100,000 |
94,664 |
Tennessee
Gas Pipeline Co. LLC | ||
7.00%,
03/15/27
|
75,000 |
79,653 |
TotalEnergies
Capital International S.A. | ||
3.70%,
01/15/24
|
195,000 |
192,476 |
3.75%,
04/10/24
|
225,000 |
222,264 |
2.43%,
01/10/25
(a) |
100,000 |
95,544 |
TransCanada
PipeLines Ltd. | ||
1.00%,
10/12/24
(a) |
225,000 |
208,523 |
4.88%,
01/15/26
(a) |
200,000 |
199,247 |
Transcontinental
Gas Pipe Line Co. LLC | ||
7.85%,
02/01/26
(a) |
75,000 |
80,099 |
Valero
Energy Corp. | ||
2.15%,
09/15/27
(a) |
100,000 |
87,916 |
Williams
Cos., Inc. | ||
4.30%,
03/04/24
(a) |
175,000 |
172,857 |
4.55%,
06/24/24
(a) |
194,000 |
191,957 |
3.90%,
01/15/25
(a) |
125,000 |
121,892 |
4.00%,
09/15/25
(a) |
150,000 |
145,873 |
3.75%,
06/15/27
(a) |
200,000 |
188,621 |
|
|
20,217,084 |
Industrial
Other 0.1%
| ||
Cintas
Corp. No. 2 | ||
3.70%,
04/01/27
(a) |
225,000 |
217,048 |
The
Leland Stanford Junior University | ||
1.29%,
06/01/27
(a) |
75,000 |
65,302 |
Yale
University | ||
0.87%,
04/15/25
(a) |
100,000 |
92,100 |
|
|
374,450 |
Technology
9.5%
| ||
Adobe,
Inc. | ||
1.90%,
02/01/25
(a) |
95,000 |
89,808 |
3.25%,
02/01/25
(a) |
150,000 |
145,839 |
2.15%,
02/01/27
(a) |
150,000 |
136,803 |
Alphabet,
Inc. | ||
3.38%,
02/25/24
|
100,000 |
100,238 |
0.45%,
08/15/25
(a) |
175,000 |
157,857 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.00%,
08/15/26
(a) |
325,000 |
299,231 |
0.80%,
08/15/27
(a) |
150,000 |
128,826 |
Analog
Devices, Inc. | ||
2.95%,
04/01/25
(a) |
125,000 |
120,218 |
3.50%,
12/05/26
(a) |
175,000 |
167,115 |
Apple
Inc. | ||
3.00%,
02/09/24
(a) |
275,000 |
269,783 |
3.45%,
05/06/24
|
375,000 |
368,816 |
2.85%,
05/11/24
(a) |
275,000 |
267,922 |
1.80%,
09/11/24
(a) |
120,000 |
114,383 |
2.75%,
01/13/25
(a) |
210,000 |
202,397 |
2.50%,
02/09/25
|
250,000 |
239,168 |
1.13%,
05/11/25
(a) |
400,000 |
368,677 |
3.20%,
05/13/25
|
375,000 |
362,589 |
0.55%,
08/20/25
(a) |
200,000 |
180,500 |
0.70%,
02/08/26
(a) |
300,000 |
266,866 |
3.25%,
02/23/26
(a) |
525,000 |
505,096 |
2.45%,
08/04/26
(a) |
400,000 |
371,693 |
2.05%,
09/11/26
(a) |
375,000 |
342,877 |
3.35%,
02/09/27
(a) |
350,000 |
335,389 |
3.20%,
05/11/27
(a) |
375,000 |
356,455 |
3.00%,
06/20/27
(a) |
150,000 |
141,489 |
2.90%,
09/12/27
(a) |
400,000 |
373,990 |
3.00%,
11/13/27
(a) |
100,000 |
93,533 |
Applied
Materials, Inc. | ||
3.90%,
10/01/25
(a) |
125,000 |
122,452 |
3.30%,
04/01/27
(a) |
225,000 |
214,049 |
Arrow
Electronics, Inc. | ||
3.25%,
09/08/24
(a) |
75,000 |
72,255 |
4.00%,
04/01/25
(a) |
75,000 |
72,452 |
Autodesk,
Inc. | ||
4.38%,
06/15/25
(a) |
75,000 |
74,261 |
3.50%,
06/15/27
(a) |
75,000 |
70,344 |
Automatic
Data Processing, Inc. | ||
3.38%,
09/15/25
(a) |
175,000 |
169,829 |
Avnet,
Inc. | ||
4.63%,
04/15/26
(a) |
100,000 |
96,399 |
Baidu,
Inc. | ||
4.38%,
05/14/24
(a) |
200,000 |
196,820 |
4.13%,
06/30/25
|
200,000 |
192,192 |
1.63%,
02/23/27
(a) |
200,000 |
171,337 |
Broadcom
Corp./Broadcom Cayman Finance Ltd. | ||
3.63%,
01/15/24
(a) |
115,000 |
113,113 |
3.13%,
01/15/25
(a) |
115,000 |
110,610 |
3.88%,
01/15/27
(a) |
350,000 |
331,707 |
Broadcom,
Inc. | ||
3.63%,
10/15/24
(a) |
100,000 |
97,501 |
3.15%,
11/15/25
(a) |
155,000 |
147,005 |
3.46%,
09/15/26
(a) |
200,000 |
188,534 |
Broadridge
Financial Solutions, Inc. | ||
3.40%,
06/27/26
(a) |
100,000 |
93,810 |
CDW
LLC/CDW Finance Corp. | ||
5.50%,
12/01/24
(a) |
100,000 |
99,741 |
4.13%,
05/01/25
(a) |
100,000 |
97,555 |
2.67%,
12/01/26
(a) |
175,000 |
155,748 |
CGI,
Inc. | ||
1.45%,
09/14/26
(a) |
125,000 |
110,640 |
Cisco
Systems, Inc. | ||
3.63%,
03/04/24
|
150,000 |
147,941 |
3.50%,
06/15/25
|
100,000 |
97,419 |
2.95%,
02/28/26
|
125,000 |
119,484 |
2.50%,
09/20/26
(a) |
225,000 |
209,963 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Dell
International LLC/EMC Corp. | ||
4.00%,
07/15/24
(a) |
100,000 |
98,226 |
5.85%,
07/15/25
(a) |
175,000 |
177,342 |
6.02%,
06/15/26
(a) |
700,000 |
715,281 |
4.90%,
10/01/26
(a) |
275,000 |
271,168 |
6.10%,
07/15/27
(a) |
100,000 |
102,951 |
DXC
Technology Co. | ||
1.80%,
09/15/26
(a) |
150,000 |
130,780 |
Equifax,
Inc. | ||
2.60%,
12/01/24
(a) |
125,000 |
119,350 |
2.60%,
12/15/25
(a) |
75,000 |
69,908 |
5.10%,
12/15/27
(a) |
100,000 |
98,968 |
Equinix,
Inc. | ||
2.63%,
11/18/24
(a) |
145,000 |
138,255 |
1.25%,
07/15/25
(a) |
100,000 |
90,628 |
1.00%,
09/15/25
(a) |
125,000 |
111,815 |
1.45%,
05/15/26
(a) |
125,000 |
109,995 |
2.90%,
11/18/26
(a) |
125,000 |
114,431 |
FactSet
Research Systems, Inc. | ||
2.90%,
03/01/27
(a) |
100,000 |
91,133 |
Fidelity
National Information Services, Inc. | ||
0.60%,
03/01/24
|
125,000 |
118,397 |
1.15%,
03/01/26
(a) |
225,000 |
197,664 |
4.70%,
07/15/27
(a) |
100,000 |
97,777 |
Fiserv,
Inc. | ||
2.75%,
07/01/24
(a) |
325,000 |
313,634 |
3.85%,
06/01/25
(a) |
150,000 |
145,741 |
3.20%,
07/01/26
(a) |
325,000 |
304,842 |
2.25%,
06/01/27
(a) |
150,000 |
134,038 |
Flex
Ltd. | ||
4.75%,
06/15/25
(a) |
125,000 |
122,692 |
3.75%,
02/01/26
(a) |
125,000 |
117,897 |
Fortinet,
Inc. | ||
1.00%,
03/15/26
(a) |
100,000 |
87,677 |
Genpact
Luxembourg Sarl | ||
3.38%,
12/01/24
(a) |
50,000 |
47,858 |
Genpact
Luxembourg SARL/Genpact USA, Inc. | ||
1.75%,
04/10/26
(a) |
75,000 |
66,917 |
Global
Payments, Inc. | ||
1.50%,
11/15/24
(a) |
100,000 |
93,245 |
2.65%,
02/15/25
(a) |
150,000 |
141,384 |
1.20%,
03/01/26
(a) |
175,000 |
152,720 |
4.80%,
04/01/26
(a) |
125,000 |
121,879 |
2.15%,
01/15/27
(a) |
100,000 |
87,451 |
4.95%,
08/15/27
(a) |
100,000 |
97,302 |
Hewlett
Packard Enterprise Co. | ||
1.45%,
04/01/24
(a) |
175,000 |
167,198 |
4.90%,
10/15/25
(a) |
450,000 |
445,984 |
1.75%,
04/01/26
(a) |
100,000 |
89,969 |
HP,
Inc. | ||
2.20%,
06/17/25
(a) |
150,000 |
140,598 |
1.45%,
06/17/26
(a) |
175,000 |
153,649 |
3.00%,
06/17/27
(a) |
150,000 |
137,252 |
Intel
Corp. | ||
2.88%,
05/11/24
(a) |
200,000 |
194,847 |
3.40%,
03/25/25
(a) |
300,000 |
292,186 |
3.70%,
07/29/25
(a) |
375,000 |
366,229 |
2.60%,
05/19/26
(a) |
150,000 |
140,132 |
3.75%,
03/25/27
(a) |
100,000 |
96,678 |
3.15%,
05/11/27
(a) |
150,000 |
141,309 |
3.75%,
08/05/27
(a) |
200,000 |
192,484 |
International
Business Machines Corp. | ||
3.63%,
02/12/24
|
350,000 |
344,810 |
3.00%,
05/15/24
|
400,000 |
389,461 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
7.00%,
10/30/25
|
175,000 |
185,717 |
3.45%,
02/19/26
|
225,000 |
216,307 |
3.30%,
05/15/26
|
500,000 |
476,307 |
2.20%,
02/09/27
(a) |
100,000 |
90,056 |
1.70%,
05/15/27
(a) |
200,000 |
175,892 |
4.15%,
07/27/27
(a) |
100,000 |
97,609 |
6.22%,
08/01/27
|
200,000 |
212,230 |
Intuit,
Inc. | ||
0.95%,
07/15/25
(a) |
100,000 |
91,109 |
1.35%,
07/15/27
(a) |
75,000 |
65,043 |
Jabil,
Inc. | ||
1.70%,
04/15/26
(a) |
75,000 |
66,450 |
4.25%,
05/15/27
(a) |
75,000 |
71,109 |
Juniper
Networks, Inc. | ||
1.20%,
12/10/25
(a) |
75,000 |
67,143 |
Keysight
Technologies, Inc. | ||
4.55%,
10/30/24
(a) |
125,000 |
123,493 |
4.60%,
04/06/27
(a) |
100,000 |
97,938 |
KLA
Corp. | ||
4.65%,
11/01/24
(a) |
125,000 |
124,838 |
Kyndryl
Holdings, Inc. | ||
2.05%,
10/15/26
(a) |
125,000 |
103,593 |
Lam
Research Corp. | ||
3.80%,
03/15/25
(a) |
65,000 |
63,663 |
3.75%,
03/15/26
(a) |
150,000 |
145,634 |
Leidos,
Inc. | ||
3.63%,
05/15/25
(a) |
60,000 |
57,764 |
Marvell
Technology, Inc. | ||
1.65%,
04/15/26
(a) |
100,000 |
88,675 |
Mastercard,
Inc. | ||
3.38%,
04/01/24
|
100,000 |
98,227 |
2.00%,
03/03/25
(a) |
150,000 |
142,187 |
2.95%,
11/21/26
(a) |
100,000 |
94,477 |
3.30%,
03/26/27
(a) |
175,000 |
167,024 |
Microchip
Technology, Inc. | ||
0.97%,
02/15/24
|
250,000 |
237,725 |
4.25%,
09/01/25
(a) |
375,000 |
364,323 |
Micron
Technology, Inc. | ||
4.98%,
02/06/26
(a) |
75,000 |
73,976 |
4.19%,
02/15/27
(a) |
150,000 |
142,714 |
Microsoft
Corp. | ||
2.88%,
02/06/24
(a) |
420,000 |
412,166 |
2.70%,
02/12/25
(a) |
215,000 |
206,853 |
3.13%,
11/03/25
(a) |
500,000 |
483,246 |
2.40%,
08/08/26
(a) |
600,000 |
560,139 |
3.30%,
02/06/27
(a) |
700,000 |
675,452 |
Moody's
Corp. | ||
4.88%,
02/15/24
(a) |
100,000 |
99,716 |
3.75%,
03/24/25
(a) |
100,000 |
97,387 |
Motorola
Solutions, Inc. | ||
4.00%,
09/01/24
|
75,000 |
73,723 |
NetApp,
Inc. | ||
3.30%,
09/29/24
(a) |
115,000 |
111,424 |
1.88%,
06/22/25
(a) |
150,000 |
138,336 |
NVIDIA
Corp. | ||
0.58%,
06/14/24
(a) |
200,000 |
188,779 |
3.20%,
09/16/26
(a) |
175,000 |
166,552 |
NXP
BV/NXP Funding LLC | ||
4.88%,
03/01/24
(a) |
150,000 |
148,864 |
5.35%,
03/01/26
(a) |
25,000 |
24,833 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%,
05/01/25
(a) |
100,000 |
94,219 |
3.88%,
06/18/26
(a) |
75,000 |
71,468 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.15%,
05/01/27
(a) |
100,000 |
91,288 |
4.40%,
06/01/27
(a) |
100,000 |
96,210 |
Oracle
Corp. | ||
3.40%,
07/08/24
(a) |
300,000 |
292,671 |
2.95%,
11/15/24
(a) |
300,000 |
288,896 |
2.50%,
04/01/25
(a) |
535,000 |
504,621 |
2.95%,
05/15/25
(a) |
400,000 |
380,089 |
5.80%,
11/10/25
|
200,000 |
204,371 |
1.65%,
03/25/26
(a) |
575,000 |
515,780 |
2.65%,
07/15/26
(a) |
475,000 |
437,131 |
2.80%,
04/01/27
(a) |
350,000 |
319,427 |
3.25%,
11/15/27
(a) |
400,000 |
367,723 |
PayPal
Holdings, Inc. | ||
2.40%,
10/01/24
(a) |
200,000 |
191,679 |
1.65%,
06/01/25
(a) |
175,000 |
162,361 |
2.65%,
10/01/26
(a) |
225,000 |
208,043 |
Qorvo,
Inc. | ||
1.75%,
12/15/24
(a)(c) |
100,000 |
92,641 |
QUALCOMM,
Inc. | ||
2.90%,
05/20/24
(a) |
150,000 |
146,393 |
3.45%,
05/20/25
(a) |
225,000 |
219,005 |
3.25%,
05/20/27
(a) |
325,000 |
309,682 |
S&P
Global, Inc. | ||
2.95%,
01/22/27
(a) |
75,000 |
70,241 |
2.45%,
03/01/27
(a)(c) |
200,000 |
182,861 |
Salesforce,
Inc. | ||
0.63%,
07/15/24
(a) |
100,000 |
93,973 |
Skyworks
Solutions, Inc. | ||
1.80%,
06/01/26
(a) |
100,000 |
88,163 |
TD
SYNNEX Corp. | ||
1.25%,
08/09/24
(a) |
125,000 |
116,208 |
1.75%,
08/09/26
(a) |
100,000 |
85,125 |
Texas
Instruments, Inc. | ||
2.63%,
05/15/24
(a) |
50,000 |
48,580 |
1.38%,
03/12/25
(a) |
125,000 |
116,851 |
1.13%,
09/15/26
(a) |
100,000 |
88,458 |
2.90%,
11/03/27
(a) |
125,000 |
116,646 |
Thomson
Reuters Corp. | ||
3.35%,
05/15/26
(a) |
100,000 |
95,066 |
Trimble,
Inc. | ||
4.75%,
12/01/24
(a) |
70,000 |
69,351 |
TSMC
Arizona Corp. | ||
1.75%,
10/25/26
(a) |
200,000 |
177,807 |
3.88%,
04/22/27
(a) |
200,000 |
192,032 |
Tyco
Electronics Group S.A. | ||
3.70%,
02/15/26
(a) |
100,000 |
96,492 |
3.13%,
08/15/27
(a) |
75,000 |
69,299 |
VeriSign,
Inc. | ||
5.25%,
04/01/25
(a) |
100,000 |
100,034 |
4.75%,
07/15/27
(a) |
100,000 |
97,573 |
Verisk
Analytics, Inc. | ||
4.00%,
06/15/25
(a) |
150,000 |
146,149 |
Visa,
Inc. | ||
3.15%,
12/14/25
(a) |
575,000 |
554,768 |
1.90%,
04/15/27
(a) |
200,000 |
180,572 |
2.75%,
09/15/27
(a) |
275,000 |
255,229 |
VMware,
Inc. | ||
1.00%,
08/15/24
(a) |
250,000 |
232,661 |
4.50%,
05/15/25
(a) |
175,000 |
171,942 |
1.40%,
08/15/26
(a) |
325,000 |
283,640 |
3.90%,
08/21/27
(a) |
200,000 |
186,869 |
Western
Digital Corp. | ||
4.75%,
02/15/26
(a) |
375,000 |
353,628 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Western
Union Co. | ||
2.85%,
01/10/25
(a) |
100,000 |
95,578 |
1.35%,
03/15/26
(a) |
100,000 |
87,692 |
Workday,
Inc. | ||
3.50%,
04/01/27
(a) |
150,000 |
140,526 |
Xilinx,
Inc. | ||
2.95%,
06/01/24
(a) |
100,000 |
97,294 |
|
|
35,276,550 |
Transportation
1.4%
| ||
BNSF
Funding Trust I | ||
6.61%,
12/15/55
(a)(b) |
75,000 |
70,941 |
Burlington
Northern Santa Fe LLC | ||
3.75%,
04/01/24
(a) |
152,000 |
150,056 |
3.40%,
09/01/24
(a) |
50,000 |
48,930 |
3.00%,
04/01/25
(a) |
100,000 |
96,314 |
3.65%,
09/01/25
(a) |
50,000 |
48,676 |
7.00%,
12/15/25
|
50,000 |
53,395 |
Canadian
National Railway Co. | ||
2.95%,
11/21/24
(a) |
75,000 |
72,363 |
2.75%,
03/01/26
(a) |
75,000 |
70,800 |
Canadian
Pacific Railway Co. | ||
1.35%,
12/02/24
(a) |
175,000 |
163,357 |
2.90%,
02/01/25
(a) |
140,000 |
134,049 |
1.75%,
12/02/26
(a) |
175,000 |
156,183 |
Continental
Airlines 2012-2 Class A Pass-Through Trust | ||
4.00%,
10/29/24
|
124,204 |
118,272 |
CSX
Corp. | ||
3.40%,
08/01/24
(a) |
75,000 |
73,346 |
3.35%,
11/01/25
(a) |
125,000 |
120,091 |
2.60%,
11/01/26
(a) |
100,000 |
92,355 |
3.25%,
06/01/27
(a) |
150,000 |
140,740 |
Delta
Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%,
04/25/24
|
75,000 |
72,696 |
FedEx
Corp. | ||
3.25%,
04/01/26
(a) |
125,000 |
119,013 |
GXO
Logistics, Inc. | ||
1.65%,
07/15/26
(a) |
100,000 |
86,114 |
JB
Hunt Transport Services, Inc. | ||
3.88%,
03/01/26
(a) |
100,000 |
97,033 |
Norfolk
Southern Corp. | ||
3.85%,
01/15/24
(a) |
25,000 |
24,776 |
3.65%,
08/01/25
(a) |
50,000 |
48,501 |
2.90%,
06/15/26
(a) |
150,000 |
140,714 |
7.80%,
05/15/27
|
100,000 |
110,794 |
Ryder
System, Inc. | ||
2.50%,
09/01/24
(a) |
120,000 |
114,334 |
4.63%,
06/01/25
(a) |
100,000 |
98,119 |
3.35%,
09/01/25
(a) |
90,000 |
85,488 |
1.75%,
09/01/26
(a) |
25,000 |
22,126 |
2.90%,
12/01/26
(a) |
100,000 |
91,243 |
2.85%,
03/01/27
(a) |
100,000 |
90,799 |
4.30%,
06/15/27
(a) |
50,000 |
47,982 |
Southwest
Airlines Co. | ||
5.25%,
05/04/25
(a) |
275,000 |
276,641 |
3.00%,
11/15/26
(a) |
50,000 |
46,048 |
5.13%,
06/15/27
(a) |
300,000 |
297,152 |
Union
Pacific Corp. | ||
3.65%,
02/15/24
(a) |
90,000 |
88,719 |
3.15%,
03/01/24
(a) |
95,000 |
93,142 |
3.25%,
01/15/25
(a) |
15,000 |
14,584 |
3.75%,
07/15/25
(a) |
75,000 |
73,012 |
3.25%,
08/15/25
(a) |
100,000 |
96,440 |
2.75%,
03/01/26
(a) |
100,000 |
94,710 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.15%,
02/05/27
(a) |
100,000 |
90,416 |
3.00%,
04/15/27
(a) |
100,000 |
93,379 |
United
Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%,
04/11/24
|
117,133 |
114,444 |
United
Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%,
08/15/25
|
120,621 |
112,294 |
United
Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%,
10/15/27
|
355,672 |
350,873 |
United
Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%,
01/15/26
|
114,300 |
108,273 |
United
Parcel Service, Inc. | ||
2.20%,
09/01/24
(a) |
50,000 |
48,032 |
3.90%,
04/01/25
(a) |
200,000 |
197,184 |
2.40%,
11/15/26
(a) |
100,000 |
93,078 |
3.05%,
11/15/27
(a) |
100,000 |
94,194 |
|
|
5,242,215 |
|
|
175,630,633 |
| ||
Utility
5.0%
| ||
Electric
4.6%
| ||
AES
Corp. | ||
1.38%,
01/15/26
(a) |
150,000 |
134,132 |
Alabama
Power Co. | ||
3.75%,
09/01/27
(a) |
150,000 |
144,279 |
Ameren
Corp. | ||
2.50%,
09/15/24
(a) |
75,000 |
71,751 |
3.65%,
02/15/26
(a) |
75,000 |
71,963 |
1.95%,
03/15/27
(a) |
100,000 |
88,181 |
Ameren
Illinois Co. | ||
3.25%,
03/01/25
(a) |
50,000 |
48,388 |
American
Electric Power Co., Inc. | ||
1.00%,
11/01/25
(a) |
100,000 |
89,561 |
5.75%,
11/01/27
(a) |
200,000 |
206,070 |
3.88%,
02/15/62
(a)(b) |
125,000 |
98,490 |
Appalachian
Power Co. | ||
3.40%,
06/01/25
(a) |
75,000 |
72,624 |
Arizona
Public Service Co. | ||
3.15%,
05/15/25
(a) |
125,000 |
119,533 |
Avangrid,
Inc. | ||
3.15%,
12/01/24
(a) |
160,000 |
153,676 |
3.20%,
04/15/25
(a) |
75,000 |
71,778 |
Berkshire
Hathaway Energy Co. | ||
3.50%,
02/01/25
(a) |
30,000 |
29,494 |
4.05%,
04/15/25
(a) |
200,000 |
197,239 |
Black
Hills Corp. | ||
3.95%,
01/15/26
(a) |
50,000 |
47,945 |
3.15%,
01/15/27
(a) |
150,000 |
138,927 |
CenterPoint
Energy Houston Electric LLC | ||
2.40%,
09/01/26
(a) |
75,000 |
68,895 |
CenterPoint
Energy, Inc. | ||
2.50%,
09/01/24
(a) |
100,000 |
96,048 |
1.45%,
06/01/26
(a) |
100,000 |
89,087 |
Cleco
Corporate Holdings LLC | ||
3.74%,
05/01/26
(a) |
100,000 |
94,599 |
CMS
Energy Corp. | ||
3.00%,
05/15/26
(a) |
100,000 |
93,443 |
Commonwealth
Edison Co. | ||
2.55%,
06/15/26
(a) |
125,000 |
116,336 |
Connecticut
Light and Power Co. | ||
0.75%,
12/01/25
(a) |
75,000 |
67,192 |
3.20%,
03/15/27
(a) |
225,000 |
211,867 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Constellation
Energy Generation LLC | ||
3.25%,
06/01/25
(a) |
150,000 |
143,860 |
Dominion
Energy, Inc. | ||
3.07%,
08/15/24
(d) |
50,000 |
48,240 |
3.30%,
03/15/25
(a) |
100,000 |
96,137 |
3.90%,
10/01/25
(a) |
125,000 |
121,915 |
1.45%,
04/15/26
(a) |
125,000 |
111,548 |
2.85%,
08/15/26
(a) |
100,000 |
92,558 |
5.75%,
10/01/54
(a)(b) |
100,000 |
94,391 |
DTE
Electric Co. | ||
3.65%,
03/15/24
(a) |
100,000 |
98,482 |
3.38%,
03/01/25
(a) |
50,000 |
48,569 |
DTE
Energy Co. | ||
2.53%,
10/01/24
(d) |
100,000 |
95,646 |
4.22%,
11/01/24
(d) |
250,000 |
246,283 |
1.05%,
06/01/25
(a) |
150,000 |
135,949 |
2.85%,
10/01/26
(a) |
100,000 |
92,317 |
Duke
Energy Carolinas LLC | ||
2.95%,
12/01/26
(a) |
125,000 |
117,984 |
Duke
Energy Corp. | ||
3.75%,
04/15/24
(a) |
175,000 |
172,017 |
0.90%,
09/15/25
(a) |
100,000 |
89,593 |
2.65%,
09/01/26
(a) |
250,000 |
231,302 |
3.15%,
08/15/27
(a) |
100,000 |
92,419 |
5.00%,
12/08/27
(a) |
225,000 |
223,903 |
3.25%,
01/15/82
(a)(b) |
75,000 |
55,319 |
Duke
Energy Florida LLC | ||
3.20%,
01/15/27
(a) |
50,000 |
47,321 |
Duke
Energy Progress LLC | ||
3.25%,
08/15/25
(a) |
100,000 |
96,308 |
Edison
International | ||
3.55%,
11/15/24
(a) |
100,000 |
96,713 |
4.95%,
04/15/25
(a) |
90,000 |
88,997 |
4.70%,
08/15/25
|
50,000 |
48,995 |
5.75%,
06/15/27
(a) |
150,000 |
150,648 |
Emera
US Finance LP | ||
0.83%,
06/15/24
|
50,000 |
46,865 |
3.55%,
06/15/26
(a) |
175,000 |
164,512 |
Enel
Americas S.A. | ||
4.00%,
10/25/26
(a) |
100,000 |
95,171 |
Enel
Generacion Chile S.A. | ||
4.25%,
04/15/24
(a) |
100,000 |
98,466 |
Entergy
Arkansas LLC | ||
3.70%,
06/01/24
(a) |
92,000 |
90,333 |
Entergy
Corp. | ||
0.90%,
09/15/25
(a) |
125,000 |
111,555 |
2.95%,
09/01/26
(a) |
150,000 |
139,777 |
Entergy
Louisiana LLC | ||
0.95%,
10/01/24
(a) |
175,000 |
163,132 |
5.59%,
10/01/24
|
100,000 |
101,112 |
5.40%,
11/01/24
|
100,000 |
101,047 |
2.40%,
10/01/26
(a) |
100,000 |
91,094 |
Evergy
Metro, Inc. | ||
3.65%,
08/15/25
(a) |
75,000 |
72,846 |
Evergy,
Inc. | ||
2.45%,
09/15/24
(a) |
200,000 |
190,241 |
Eversource
Energy | ||
2.90%,
10/01/24
(a) |
75,000 |
72,402 |
3.15%,
01/15/25
(a) |
75,000 |
72,363 |
0.80%,
08/15/25
(a) |
50,000 |
44,702 |
1.40%,
08/15/26
(a) |
75,000 |
65,942 |
2.90%,
03/01/27
(a) |
100,000 |
92,277 |
4.60%,
07/01/27
(a) |
100,000 |
98,810 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Exelon
Corp. | ||
3.95%,
06/15/25
(a) |
125,000 |
122,260 |
3.40%,
04/15/26
(a) |
150,000 |
142,749 |
2.75%,
03/15/27
(a) |
125,000 |
114,822 |
Florida
Power & Light Co. | ||
3.25%,
06/01/24
(a) |
80,000 |
78,204 |
2.85%,
04/01/25
(a) |
200,000 |
191,816 |
3.13%,
12/01/25
(a) |
100,000 |
96,596 |
Fortis,
Inc. | ||
3.06%,
10/04/26
(a) |
190,000 |
176,995 |
Georgia
Power Co. | ||
2.20%,
09/15/24
(a) |
100,000 |
95,441 |
3.25%,
03/30/27
(a) |
125,000 |
115,766 |
Gulf
Power Co. | ||
3.30%,
05/30/27
(a) |
50,000 |
47,197 |
Interstate
Power and Light Co. | ||
3.25%,
12/01/24
(a) |
100,000 |
96,736 |
IPALCO
Enterprises, Inc. | ||
3.70%,
09/01/24
(a) |
60,000 |
58,232 |
ITC
Holdings Corp. | ||
3.65%,
06/15/24
(a) |
75,000 |
73,210 |
3.25%,
06/30/26
(a) |
75,000 |
70,488 |
3.35%,
11/15/27
(a) |
100,000 |
92,222 |
Louisville
Gas and Electric Co. | ||
3.30%,
10/01/25
(a) |
100,000 |
95,950 |
MidAmerican
Energy Co. | ||
3.50%,
10/15/24
(a) |
125,000 |
122,173 |
3.10%,
05/01/27
(a) |
75,000 |
70,388 |
National
Rural Utilities Cooperative Finance Corp. | ||
2.95%,
02/07/24
(a) |
150,000 |
146,770 |
0.35%,
02/08/24
|
100,000 |
95,086 |
2.85%,
01/27/25
(a) |
50,000 |
48,074 |
3.25%,
11/01/25
(a) |
225,000 |
214,735 |
1.00%,
06/15/26
(a) |
100,000 |
88,406 |
3.05%,
04/25/27
(a) |
50,000 |
46,565 |
5.25%,
04/20/46
(a)(b) |
75,000 |
68,087 |
NextEra
Energy Capital Holdings, Inc. | ||
4.20%,
06/20/24
|
200,000 |
197,763 |
4.26%,
09/01/24
|
250,000 |
247,103 |
1.88%,
01/15/27
(a) |
300,000 |
265,988 |
3.55%,
05/01/27
(a) |
250,000 |
236,060 |
4.63%,
07/15/27
(a) |
250,000 |
246,704 |
3.80%,
03/15/82
(a)(b) |
100,000 |
81,706 |
Oncor
Electric Delivery Co. LLC | ||
2.75%,
06/01/24
(a) |
100,000 |
96,889 |
2.95%,
04/01/25
(a) |
50,000 |
48,019 |
0.55%,
10/01/25
(a) |
75,000 |
67,049 |
Pacific
Gas & Electric Co. | ||
3.40%,
08/15/24
(a) |
75,000 |
72,418 |
5.45%,
06/15/27
(a) |
75,000 |
74,435 |
Pacific
Gas and Electric Co. | ||
3.75%,
02/15/24
(a) |
100,000 |
97,951 |
3.50%,
06/15/25
(a) |
150,000 |
142,271 |
3.45%,
07/01/25
|
175,000 |
166,275 |
3.15%,
01/01/26
|
325,000 |
302,863 |
2.95%,
03/01/26
(a) |
100,000 |
92,206 |
3.30%,
03/15/27
(a) |
75,000 |
67,277 |
2.10%,
08/01/27
(a) |
100,000 |
85,806 |
3.30%,
12/01/27
(a) |
175,000 |
155,184 |
PacifiCorp | ||
3.60%,
04/01/24
(a) |
50,000 |
49,176 |
PECO
Energy Co. | ||
3.15%,
10/15/25
(a) |
50,000 |
48,118 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Pinnacle
West Capital Corp. | ||
1.30%,
06/15/25
(a) |
100,000 |
91,280 |
PPL
Capital Funding, Inc. | ||
3.10%,
05/15/26
(a) |
100,000 |
93,712 |
Public
Service Electric & Gas Co. | ||
2.25%,
09/15/26
(a) |
125,000 |
113,997 |
Public
Service Enterprise Group, Inc. | ||
2.88%,
06/15/24
(a) |
175,000 |
169,379 |
0.80%,
08/15/25
(a) |
150,000 |
134,958 |
0.95%,
03/15/26
(a) |
100,000 |
88,919 |
5.85%,
11/15/27
(a) |
150,000 |
154,789 |
Puget
Energy, Inc. | ||
3.65%,
05/15/25
(a) |
75,000 |
71,737 |
San
Diego Gas & Electric Co. | ||
2.50%,
05/15/26
(a) |
125,000 |
116,139 |
Sierra
Pacific Power Co. | ||
2.60%,
05/01/26
(a) |
100,000 |
92,933 |
Southern
California Edison Co. | ||
1.10%,
04/01/24
(a) |
100,000 |
95,153 |
3.70%,
08/01/25
(a) |
150,000 |
145,428 |
1.20%,
02/01/26
(a) |
100,000 |
88,715 |
5.85%,
11/01/27
(a) |
150,000 |
155,145 |
Southern
Co. | ||
0.60%,
02/26/24
(a) |
100,000 |
94,952 |
4.48%,
08/01/24
(d) |
100,000 |
98,840 |
3.25%,
07/01/26
(a) |
275,000 |
259,205 |
5.11%,
08/01/27
|
150,000 |
149,833 |
4.00%,
01/15/51
(a)(b) |
200,000 |
182,277 |
3.75%,
09/15/51
(a)(b) |
150,000 |
121,643 |
Southern
Power Co. | ||
4.15%,
12/01/25
(a) |
75,000 |
73,672 |
0.90%,
01/15/26
(a) |
75,000 |
66,108 |
Southwestern
Electric Power Co. | ||
1.65%,
03/15/26
(a) |
150,000 |
134,597 |
2.75%,
10/01/26
(a) |
125,000 |
114,891 |
The
Cleveland Electric Illuminating Co. | ||
5.50%,
08/15/24
|
50,000 |
50,303 |
Tucson
Electric Power Co. | ||
3.05%,
03/15/25
(a) |
50,000 |
47,945 |
Virginia
Electric & Power Co. | ||
3.75%,
05/15/27
(a) |
100,000 |
95,743 |
Virginia
Electric and Power Co. | ||
3.10%,
05/15/25
(a) |
100,000 |
96,175 |
3.15%,
01/15/26
(a) |
150,000 |
143,279 |
2.95%,
11/15/26
(a) |
100,000 |
93,711 |
3.50%,
03/15/27
(a) |
150,000 |
142,255 |
WEC
Energy Group, Inc. | ||
0.80%,
03/15/24
(a) |
125,000 |
118,556 |
5.15%,
10/01/27
(a) |
100,000 |
101,460 |
1.38%,
10/15/27
(a) |
100,000 |
85,143 |
Wisconsin
Electric Power Co. | ||
2.05%,
12/15/24
(a) |
50,000 |
47,371 |
Xcel
Energy, Inc. | ||
3.30%,
06/01/25
(a) |
100,000 |
96,094 |
3.35%,
12/01/26
(a) |
75,000 |
70,698 |
1.75%,
03/15/27
(a) |
100,000 |
87,863 |
|
|
17,066,686 |
Natural
Gas 0.4%
| ||
Atmos
Energy Corp. | ||
3.00%,
06/15/27
(a) |
100,000 |
93,452 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
NiSource,
Inc. | ||
0.95%,
08/15/25
(a) |
200,000 |
180,567 |
3.49%,
05/15/27
(a) |
200,000 |
189,171 |
ONE
Gas, Inc. | ||
3.61%,
02/01/24
(a) |
50,000 |
49,179 |
1.10%,
03/11/24
(a) |
84,000 |
80,595 |
Sempra
Energy | ||
3.30%,
04/01/25
(a) |
100,000 |
96,132 |
3.25%,
06/15/27
(a) |
150,000 |
139,065 |
4.13%,
04/01/52
(a)(b) |
150,000 |
118,739 |
Southern
California Gas Co. | ||
3.15%,
09/15/24
(a) |
100,000 |
97,352 |
3.20%,
06/15/25
(a) |
100,000 |
96,639 |
2.60%,
06/15/26
(a) |
100,000 |
92,893 |
2.95%,
04/15/27
(a) |
100,000 |
92,554 |
Southern
Co. Gas Capital Corp. | ||
3.25%,
06/15/26
(a) |
75,000 |
70,318 |
|
|
1,396,656 |
Utility
Other 0.0%
| ||
American
Water Capital Corp. | ||
3.85%,
03/01/24
(a) |
60,000 |
59,110 |
3.40%,
03/01/25
(a) |
85,000 |
82,465 |
2.95%,
09/01/27
(a) |
100,000 |
92,468 |
|
|
234,043 |
|
|
18,697,385 |
Total
Corporates
(Cost
$392,956,899) |
367,307,445 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.3%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.3%
| ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
4.12%
(g) |
1,108,233 |
1,108,233 |
Total
Short-Term Investments
(Cost
$1,108,233) |
1,108,233 | |
Total
Investments in Securities
(Cost
$394,065,132) |
368,415,678 |
|
NUMBER
OF
CONTRACTS |
NOTIONAL
AMOUNT
($) |
CURRENT
VALUE/
UNREALIZED
APPRECIATION
($) |
FUTURES
CONTRACTS
| |||
Short |
|
|
|
5
Year US Treasury Note (CBOT),
expires
03/31/23 |
(1) |
(107,930) |
77 |
(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 $3,678,742 or 1.0% of net
assets. |
(d) |
Step
up bond 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) |
The
rate shown is the annualized 7-day
yield. |
CBOT
— |
Chicago
Board of Trade |
REIT
— |
Real
Estate Investment Trust |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/21 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/22 |
FACE
AMOUNT
AT
12/31/22 |
INTEREST
INCOME
EARNED |
CORPORATES
0.3%
OF NET ASSETS
| |||||||||
| |||||||||
Financial
Institutions 0.3%
| |||||||||
Brokerage/Asset
Managers/Exchanges 0.3% | |||||||||
The
Charles Schwab Corp. | |||||||||
2.65%,
01/25/23 |
$152,937 |
$— |
($152,307) |
($581) |
$235 |
($284) |
$— |
$— |
$342 |
3.55%,
02/01/24 |
131,345 |
— |
(56,716) |
(1,439) |
(1,707) |
(2,406) |
69,077 |
70,000 |
2,767 |
0.75%,
03/18/24 |
398,276 |
— |
(171,293) |
(4,485) |
(7,902) |
(609) |
213,987 |
225,000 |
1,895 |
3.75%,
04/01/24 |
58,077 |
— |
(25,216) |
(1,721) |
177 |
(1,749) |
29,568 |
30,000 |
1,677 |
3.00%,
03/10/25 |
— |
23,719 |
— |
— |
266 |
78 |
24,063 |
25,000 |
110 |
4.20%,
03/24/25 |
163,233 |
— |
(79,140) |
(3,084) |
(3,780) |
(3,021) |
74,208 |
75,000 |
3,774 |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/21 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/22 |
FACE
AMOUNT
AT
12/31/22 |
INTEREST
INCOME
EARNED |
3.63%,
04/01/25 |
$53,334 |
$— |
$— |
$— |
($3,393) |
($1,182) |
$48,759 |
$50,000 |
$1,813 |
3.85%,
05/21/25 |
215,662 |
— |
(109,821) |
(4,064) |
(5,512) |
(3,452) |
92,813 |
95,000 |
4,546 |
3.45%,
02/13/26 |
32,220 |
— |
— |
— |
(2,483) |
(654) |
29,083 |
30,000 |
1,034 |
0.90%,
03/11/26 |
293,394 |
— |
(117,681) |
(6,743) |
(14,003) |
201 |
155,168 |
175,000 |
1,842 |
1.15%,
05/13/26 |
247,037 |
— |
(95,436) |
(4,873) |
(13,127) |
(120) |
133,481 |
150,000 |
1,898 |
3.20%,
03/02/27 |
— |
100,452 |
(48,445) |
(1,762) |
(3,094) |
(53) |
47,098 |
50,000 |
1,827 |
2.45%,
03/03/27 |
— |
194,305 |
— |
— |
(12,079) |
810 |
183,036 |
200,000 |
3,634 |
3.30%,
04/01/27 |
— |
49,570 |
— |
— |
(2,184) |
48 |
47,434 |
50,000 |
958 |
Total |
$1,745,515 |
$368,046 |
($856,055) |
($28,752) |
($68,586) |
($12,393) |
$1,147,775 |
|
$28,117 |
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
|
$— |
$367,307,445 |
$— |
$367,307,445 |
Short-Term
Investments1
|
1,108,233 |
— |
— |
1,108,233 |
Futures
Contracts2
|
77 |
— |
— |
77 |
Total |
$1,108,310 |
$367,307,445 |
$— |
$368,415,755 |
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
$1,239,945) |
|
$1,147,775 |
Investments
in securities, at value - unaffiliated (cost
$392,825,187) |
|
367,267,903 |
Deposit
with broker for futures contracts |
|
58,500 |
Receivables: |
|
|
Investments
sold |
|
3,994,555 |
Interest |
|
3,280,474 |
Variation
margin on future contracts |
|
8,382 |
Dividends |
|
2,880 |
Foreign
tax reclaims |
+ |
2,037 |
Total
assets |
|
375,762,506 |
| ||
Liabilities | ||
Payables: |
|
|
Investments
bought |
|
4,881,368 |
Management
fees |
+ |
9,195 |
Total
liabilities |
|
4,890,563 |
Net
assets |
|
$370,871,943 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$398,599,778 |
Total
distributable loss |
+ |
(27,727,835) |
Net
assets |
|
$370,871,943 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$370,871,943 |
|
7,900,000 |
|
$46.95 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$6,201,548 |
Dividends
received from securities - unaffiliated
|
|
19,418 |
Interest
received from securities - affiliated |
|
15,724 |
Securities
on loan, net |
+ |
2,875 |
Total
investment income
|
|
6,239,565 |
| ||
Expenses | ||
Management
fees |
|
139,110 |
Proxy
fees1
|
+ |
11,494 |
Total
expenses |
– |
150,604 |
Net
investment income |
|
6,088,961 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(28,752) |
Net
realized losses on sales of securities -
unaffiliated |
|
(1,998,284) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
|
(9,075,617) |
Net
realized losses on futures contracts |
+ |
(7,864) |
Net
realized losses |
|
(11,110,517) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
(68,586) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
|
(20,680,348) |
Net
change in unrealized appreciation (depreciation) on futures
contracts |
+ |
1,176 |
Net
change in unrealized appreciation (depreciation) |
+ |
(20,747,758) |
Net
realized and unrealized losses |
|
(31,858,275) |
Decrease
in net assets resulting from operations |
|
($25,769,314) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$6,088,961 |
$5,118,178 |
Net
realized gains (losses) |
|
(11,110,517) |
685,257 |
Net
change in unrealized appreciation (depreciation) |
+ |
(20,747,758) |
(8,072,331) |
Decrease
in net assets from operations |
|
($25,769,314) |
($2,268,896) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($6,101,610) |
($5,031,370) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
2,400,000 |
$114,378,641 |
13,350,000 |
$682,272,042 |
Shares
redeemed |
+ |
(6,550,000) |
(321,039,478) |
(3,600,000) |
(183,713,833) |
Net
transactions in fund shares
|
|
(4,150,000) |
($206,660,837) |
9,750,000 |
$498,558,209 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
12,050,000 |
$609,403,704 |
2,300,000 |
$118,145,761 |
Total
increase (decrease) |
+ |
(4,150,000) |
(238,531,761) |
9,750,000 |
491,257,943 |
End
of period |
|
7,900,000 |
$370,871,943 |
12,050,000 |
$609,403,704 |
|
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 |
$51.73 |
$53.69 |
$50.07 |
$50.00 |
|
|
Income
(loss) from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)2
|
1.35 |
1.02 |
1.26 |
0.29 |
|
|
Net
realized and unrealized gains (losses) |
(8.55) |
(1.98) |
3.60 |
0.04 |
|
|
Total
from investment operations |
(7.20) |
(0.96) |
4.86 |
0.33 |
|
|
Less
distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(1.34) |
(1.00) |
(1.24) |
(0.26) |
|
|
Net
asset value at end of period |
$43.19 |
$51.73 |
$53.69 |
$50.07 |
|
|
Total
return |
(14.00%) |
(1.80%) |
9.83% |
0.67%3
|
|
|
Ratios/Supplemental
Data | ||||||
Ratios
to average net assets: |
|
|
|
|
|
|
Total
expenses |
0.04%4,5
|
0.05%6
|
0.05% |
0.06%7,8
|
|
|
Net
investment income (loss) |
2.97% |
1.96% |
2.43% |
2.61%7
|
|
|
Portfolio
turnover rate9
|
10% |
11% |
36% |
8%3
|
|
|
Net
assets, end of period (x 1,000) |
$328,276 |
$375,055 |
$190,584 |
$110,151 |
|
|
1 |
Commencement
of operations. |
2 |
Calculated
based on the average shares outstanding during the
period. |
3 |
Not
annualized. |
4 |
Effective
July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The
ratio presented for the period ended 12/31/22 is a blended ratio (see
financial note 4
for
additional information). |
5 |
Ratio
includes less than 0.005% of non-routine proxy
expenses. |
6 |
Effective
December 20, 2021, the annual operating expense ratio was reduced to
0.04%. The ratio presented for period ended 12/31/21 is a blended
ratio. |
7 |
Annualized. |
8 |
Effective
December 13, 2019, the annual operating expense ratio was reduced to
0.05%. The ratio presented for the period ended 12/31/19 is a blended
ratio. |
9 |
Portfolio
turnover rate excludes securities received or delivered from processing of
in-kind creations or
redemptions. |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CORPORATES
99.0%
OF NET ASSETS
| ||
| ||
Financial
Institutions 36.0%
| ||
Banking
22.9%
| ||
Ally
Financial, Inc. | ||
2.20%,
11/02/28
(a) |
125,000 |
97,842 |
8.00%,
11/01/31
|
550,000 |
569,659 |
American
Express Co. | ||
4.05%,
05/03/29
(a) |
200,000 |
191,245 |
4.99%,
05/26/33
(a)(b) |
150,000 |
144,925 |
4.42%,
08/03/33
(a)(b) |
275,000 |
261,039 |
Banco
Santander S.A. | ||
3.80%,
02/23/28
|
200,000 |
181,998 |
4.38%,
04/12/28
|
200,000 |
188,146 |
3.31%,
06/27/29
|
200,000 |
175,179 |
3.49%,
05/28/30
|
200,000 |
169,317 |
2.75%,
12/03/30
|
200,000 |
153,315 |
2.96%,
03/25/31
|
200,000 |
160,681 |
3.23%,
11/22/32
(a)(b) |
200,000 |
151,746 |
Bank
of America Corp. | ||
3.97%,
03/05/29
(a)(b) |
475,000 |
439,348 |
2.09%,
06/14/29
(a)(b) |
650,000 |
547,296 |
4.27%,
07/23/29
(a)(b) |
600,000 |
561,450 |
3.97%,
02/07/30
(a)(b) |
605,000 |
550,173 |
3.19%,
07/23/30
(a)(b) |
495,000 |
427,014 |
2.88%,
10/22/30
(a)(b) |
400,000 |
336,576 |
2.50%,
02/13/31
(a)(b) |
700,000 |
569,474 |
2.59%,
04/29/31
(a)(b) |
600,000 |
490,174 |
1.90%,
07/23/31
(a)(b) |
550,000 |
424,075 |
1.92%,
10/24/31
(a)(b) |
500,000 |
382,138 |
2.65%,
03/11/32
(a)(b) |
425,000 |
340,916 |
2.69%,
04/22/32
(a)(b) |
900,000 |
721,555 |
2.30%,
07/21/32
(a)(b) |
750,000 |
578,188 |
2.57%,
10/20/32
(a)(b) |
650,000 |
510,691 |
2.97%,
02/04/33
(a)(b) |
750,000 |
605,699 |
4.57%,
04/27/33
(a)(b) |
800,000 |
734,450 |
5.02%,
07/22/33
(a)(b) |
1,000,000 |
949,699 |
2.48%,
09/21/36
(a)(b) |
475,000 |
351,160 |
3.85%,
03/08/37
(a)(b) |
500,000 |
414,624 |
Bank
of Montreal | ||
3.09%,
01/10/37
(a)(b) |
275,000 |
209,025 |
Bank
of New York Mellon Corp. | ||
3.40%,
01/29/28
(a) |
50,000 |
46,643 |
3.85%,
04/28/28
|
200,000 |
192,306 |
1.65%,
07/14/28
(a) |
100,000 |
84,897 |
3.00%,
10/30/28
(a) |
100,000 |
89,360 |
1.90%,
01/25/29
(a) |
75,000 |
62,822 |
3.85%,
04/26/29
(a) |
50,000 |
46,624 |
3.30%,
08/23/29
(a) |
175,000 |
157,178 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.60%,
07/26/30
(a)(b) |
50,000 |
48,791 |
1.65%,
01/28/31
(a) |
100,000 |
78,191 |
1.80%,
07/28/31
(a) |
100,000 |
77,648 |
2.50%,
01/26/32
(a) |
125,000 |
101,807 |
4.29%,
06/13/33
(a)(b) |
200,000 |
187,694 |
5.83%,
10/25/33
(a)(b) |
300,000 |
312,622 |
Bank
of Nova Scotia | ||
2.15%,
08/01/31
|
125,000 |
99,421 |
2.45%,
02/02/32
|
175,000 |
141,103 |
4.59%,
05/04/37
(a)(b) |
250,000 |
213,655 |
BankUnited,
Inc. | ||
5.13%,
06/11/30
(a) |
75,000 |
69,446 |
Barclays
PLC | ||
4.34%,
01/10/28
(a) |
200,000 |
186,226 |
4.84%,
05/09/28
(a) |
450,000 |
415,479 |
4.97%,
05/16/29
(a)(b) |
250,000 |
235,684 |
5.09%,
06/20/30
(a)(b) |
400,000 |
369,471 |
2.65%,
06/24/31
(a)(b) |
250,000 |
195,504 |
2.67%,
03/10/32
(a)(b) |
300,000 |
229,664 |
2.89%,
11/24/32
(a)(b) |
200,000 |
152,613 |
5.75%,
08/09/33
(a)(b) |
300,000 |
284,263 |
7.44%,
11/02/33
(a)(b) |
200,000 |
210,829 |
3.56%,
09/23/35
(a)(b) |
250,000 |
191,924 |
Canadian
Imperial Bank of Commerce | ||
3.60%,
04/07/32
(a) |
200,000 |
176,706 |
Capital
One Financial Corp. | ||
3.80%,
01/31/28
(a) |
300,000 |
281,477 |
3.27%,
03/01/30
(a)(b) |
200,000 |
171,903 |
5.25%,
07/26/30
(a)(b) |
175,000 |
167,420 |
2.36%,
07/29/32
(a)(b) |
200,000 |
144,214 |
2.62%,
11/02/32
(a)(b) |
150,000 |
115,779 |
5.27%,
05/10/33
(a)(b) |
250,000 |
232,490 |
Citigroup,
Inc. | ||
6.63%,
01/15/28
|
100,000 |
107,453 |
4.13%,
07/25/28
|
500,000 |
466,734 |
4.08%,
04/23/29
(a)(b) |
375,000 |
346,165 |
3.98%,
03/20/30
(a)(b) |
475,000 |
429,424 |
2.98%,
11/05/30
(a)(b) |
450,000 |
378,642 |
2.67%,
01/29/31
(a)(b) |
450,000 |
369,766 |
4.41%,
03/31/31
(a)(b) |
800,000 |
736,390 |
2.57%,
06/03/31
(a)(b) |
700,000 |
566,844 |
2.56%,
05/01/32
(a)(b) |
600,000 |
474,368 |
6.63%,
06/15/32
|
225,000 |
236,816 |
2.52%,
11/03/32
(a)(b) |
350,000 |
272,256 |
3.06%,
01/25/33
(a)(b) |
600,000 |
485,603 |
3.79%,
03/17/33
(a)(b) |
650,000 |
558,339 |
4.91%,
05/24/33
(a)(b) |
500,000 |
469,948 |
6.27%,
11/17/33
(a)(b) |
450,000 |
464,905 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Citizens
Financial Group, Inc. | ||
2.50%,
02/06/30
(a) |
125,000 |
101,131 |
3.25%,
04/30/30
(a) |
175,000 |
152,430 |
Comerica,
Inc. | ||
4.00%,
02/01/29
(a) |
250,000 |
234,913 |
Credit
Suisse USA, Inc. | ||
7.13%,
07/15/32
|
150,000 |
152,405 |
Deutsche
Bank AG | ||
3.55%,
09/18/31
(a)(b) |
325,000 |
261,537 |
3.73%,
01/14/32
(a)(b) |
300,000 |
221,324 |
3.04%,
05/28/32
(a)(b) |
250,000 |
190,072 |
3.74%,
01/07/33
(a)(b) |
300,000 |
215,245 |
Discover
Bank | ||
2.70%,
02/06/30
(a) |
250,000 |
200,759 |
Discover
Financial Services | ||
6.70%,
11/29/32
(a) |
150,000 |
152,788 |
Fifth
Third Bancorp | ||
4.77%,
07/28/30
(a)(b) |
250,000 |
238,924 |
4.34%,
04/25/33
(a)(b) |
150,000 |
137,567 |
First
Horizon Bank | ||
5.75%,
05/01/30
(a) |
125,000 |
121,232 |
First-Citizens
Bank & Trust Co. | ||
6.13%,
03/09/28
|
75,000 |
76,772 |
Goldman
Sachs Group, Inc. | ||
3.81%,
04/23/29
(a)(b) |
490,000 |
446,711 |
4.22%,
05/01/29
(a)(b) |
700,000 |
652,407 |
2.60%,
02/07/30
(a) |
425,000 |
355,170 |
3.80%,
03/15/30
(a) |
500,000 |
449,784 |
1.99%,
01/27/32
(a)(b) |
500,000 |
381,202 |
2.62%,
04/22/32
(a)(b) |
750,000 |
598,515 |
2.38%,
07/21/32
(a)(b) |
800,000 |
621,179 |
2.65%,
10/21/32
(a)(b) |
625,000 |
493,763 |
3.10%,
02/24/33
(a)(b) |
800,000 |
653,430 |
HSBC
Holdings PLC | ||
4.58%,
06/19/29
(a)(b) |
700,000 |
645,548 |
2.21%,
08/17/29
(a)(b) |
325,000 |
263,153 |
4.95%,
03/31/30
|
400,000 |
382,775 |
3.97%,
05/22/30
(a)(b) |
600,000 |
525,779 |
2.85%,
06/04/31
(a)(b) |
350,000 |
280,178 |
2.36%,
08/18/31
(a)(b) |
350,000 |
268,595 |
2.80%,
05/24/32
(a)(b) |
650,000 |
503,121 |
2.87%,
11/22/32
(a)(b) |
350,000 |
268,814 |
4.76%,
03/29/33
(a)(b) |
500,000 |
433,840 |
5.40%,
08/11/33
(a)(b) |
500,000 |
465,496 |
8.11%,
11/03/33
(a)(b) |
200,000 |
212,335 |
Huntington
Bancshares, Inc. | ||
2.55%,
02/04/30
(a) |
225,000 |
185,668 |
5.02%,
05/17/33
(a)(b) |
100,000 |
95,285 |
2.49%,
08/15/36
(a)(b) |
165,000 |
119,927 |
ING
Groep N.V. | ||
4.55%,
10/02/28
|
200,000 |
191,145 |
4.05%,
04/09/29
|
200,000 |
184,546 |
2.73%,
04/01/32
(a)(b) |
200,000 |
159,600 |
4.25%,
03/28/33
(a)(b) |
200,000 |
176,976 |
JPMorgan
Chase & Co. | ||
3.51%,
01/23/29
(a)(b) |
500,000 |
454,265 |
4.01%,
04/23/29
(a)(b) |
450,000 |
417,189 |
2.07%,
06/01/29
(a)(b) |
450,000 |
376,473 |
4.20%,
07/23/29
(a)(b) |
500,000 |
466,735 |
4.45%,
12/05/29
(a)(b) |
500,000 |
471,018 |
3.70%,
05/06/30
(a)(b) |
500,000 |
448,710 |
4.57%,
06/14/30
(a)(b) |
400,000 |
378,240 |
8.75%,
09/01/30
|
100,000 |
116,256 |
2.74%,
10/15/30
(a)(b) |
755,000 |
634,515 |
4.49%,
03/24/31
(a)(b) |
575,000 |
538,918 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.52%,
04/22/31
(a)(b) |
575,000 |
471,245 |
2.96%,
05/13/31
(a)(b) |
600,000 |
495,355 |
1.76%,
11/19/31
(a)(b) |
300,000 |
227,979 |
1.95%,
02/04/32
(a)(b) |
600,000 |
460,638 |
2.58%,
04/22/32
(a)(b) |
700,000 |
561,490 |
2.55%,
11/08/32
(a)(b) |
600,000 |
474,767 |
2.96%,
01/25/33
(a)(b) |
700,000 |
570,588 |
4.59%,
04/26/33
(a)(b) |
550,000 |
510,361 |
4.91%,
07/25/33
(a)(b) |
850,000 |
809,547 |
5.72%,
09/14/33
(a)(b) |
675,000 |
664,292 |
KeyBank
NA | ||
4.90%,
08/08/32
|
250,000 |
231,543 |
KeyCorp | ||
4.10%,
04/30/28
|
150,000 |
142,979 |
2.55%,
10/01/29
|
150,000 |
126,653 |
4.79%,
06/01/33
(a)(b) |
150,000 |
142,255 |
Lloyds
Banking Group PLC | ||
4.38%,
03/22/28
|
400,000 |
379,653 |
4.55%,
08/16/28
|
400,000 |
375,373 |
4.98%,
08/11/33
(a)(b) |
300,000 |
276,051 |
Mitsubishi
UFJ Financial Group, Inc. | ||
3.96%,
03/02/28
|
300,000 |
284,311 |
4.05%,
09/11/28
|
200,000 |
190,164 |
3.74%,
03/07/29
|
325,000 |
300,837 |
3.20%,
07/18/29
|
325,000 |
285,133 |
2.56%,
02/25/30
|
200,000 |
165,918 |
2.05%,
07/17/30
|
200,000 |
158,102 |
2.31%,
07/20/32
(a)(b) |
400,000 |
308,900 |
2.49%,
10/13/32
(a)(b) |
200,000 |
156,141 |
2.85%,
01/19/33
(a)(b) |
275,000 |
219,481 |
4.32%,
04/19/33
(a)(b) |
200,000 |
180,605 |
5.13%,
07/20/33
(a)(b) |
300,000 |
287,665 |
Mizuho
Financial Group, Inc. | ||
4.02%,
03/05/28
|
200,000 |
189,074 |
3.26%,
05/22/30
(a)(b) |
200,000 |
173,482 |
3.15%,
07/16/30
(a)(b) |
200,000 |
171,384 |
2.87%,
09/13/30
(a)(b) |
125,000 |
104,636 |
2.59%,
05/25/31
(a)(b) |
200,000 |
161,786 |
2.20%,
07/10/31
(a)(b) |
300,000 |
234,893 |
2.56%,
09/13/31
|
200,000 |
153,564 |
2.26%,
07/09/32
(a)(b) |
225,000 |
172,368 |
5.67%,
09/13/33
(a)(b) |
200,000 |
198,951 |
Morgan
Stanley | ||
3.77%,
01/24/29
(a)(b) |
583,000 |
534,760 |
4.43%,
01/23/30
(a)(b) |
580,000 |
542,184 |
2.70%,
01/22/31
(a)(b) |
700,000 |
580,088 |
3.62%,
04/01/31
(a)(b) |
600,000 |
525,440 |
1.79%,
02/13/32
(a)(b) |
550,000 |
413,346 |
7.25%,
04/01/32
|
200,000 |
225,081 |
1.93%,
04/28/32
(a)(b) |
550,000 |
416,278 |
2.24%,
07/21/32
(a)(b) |
700,000 |
536,992 |
2.51%,
10/20/32
(a)(b) |
525,000 |
410,829 |
2.94%,
01/21/33
(a)(b) |
500,000 |
405,934 |
4.89%,
07/20/33
(a)(b) |
375,000 |
352,931 |
6.34%,
10/18/33
(a)(b) |
575,000 |
602,175 |
2.48%,
09/16/36
(a)(b) |
600,000 |
438,214 |
5.30%,
04/20/37
(a)(b) |
450,000 |
412,280 |
Natwest
Group PLC | ||
4.89%,
05/18/29
(a)(b) |
375,000 |
353,983 |
5.08%,
01/27/30
(a)(b) |
250,000 |
235,826 |
4.45%,
05/08/30
(a)(b) |
250,000 |
227,375 |
3.03%,
11/28/35
(a)(b) |
225,000 |
166,503 |
Northern
Trust Corp. | ||
3.65%,
08/03/28
(a) |
125,000 |
119,088 |
3.15%,
05/03/29
(a) |
100,000 |
90,920 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
1.95%,
05/01/30
(a) |
200,000 |
164,724 |
6.13%,
11/02/32
(a) |
200,000 |
211,908 |
PNC
Bank NA | ||
4.05%,
07/26/28
|
250,000 |
236,191 |
2.70%,
10/22/29
|
250,000 |
211,645 |
PNC
Financial Services Group, Inc. | ||
3.45%,
04/23/29
(a) |
400,000 |
366,989 |
2.55%,
01/22/30
(a) |
390,000 |
331,868 |
2.31%,
04/23/32
(a)(b) |
175,000 |
142,060 |
4.63%,
06/06/33
(a)(b) |
250,000 |
231,833 |
6.04%,
10/28/33
(a)(b) |
200,000 |
209,348 |
Regions
Financial Corp. | ||
1.80%,
08/12/28
(a) |
125,000 |
106,306 |
Royal
Bank of Canada | ||
2.30%,
11/03/31
|
300,000 |
241,090 |
3.88%,
05/04/32
|
200,000 |
182,737 |
Santander
UK Group Holdings PLC | ||
2.90%,
03/15/32
(a)(b) |
200,000 |
154,883 |
State
Street Corp. | ||
4.14%,
12/03/29
(a)(b) |
100,000 |
94,792 |
2.40%,
01/24/30
|
200,000 |
170,252 |
2.20%,
03/03/31
|
175,000 |
140,272 |
3.15%,
03/30/31
(a)(b) |
100,000 |
88,034 |
4.42%,
05/13/33
(a)(b) |
150,000 |
141,758 |
4.16%,
08/04/33
(a)(b) |
150,000 |
138,704 |
3.03%,
11/01/34
(a)(b) |
125,000 |
105,556 |
Sumitomo
Mitsui Financial Group, Inc. | ||
3.54%,
01/17/28
|
75,000 |
69,717 |
1.90%,
09/17/28
|
400,000 |
330,861 |
4.31%,
10/16/28
|
100,000 |
94,242 |
2.47%,
01/14/29
|
200,000 |
168,904 |
3.04%,
07/16/29
|
500,000 |
434,031 |
3.20%,
09/17/29
|
150,000 |
129,969 |
2.72%,
09/27/29
|
200,000 |
168,829 |
2.75%,
01/15/30
|
300,000 |
252,047 |
2.13%,
07/08/30
|
200,000 |
158,798 |
2.14%,
09/23/30
|
150,000 |
116,008 |
1.71%,
01/12/31
|
200,000 |
150,691 |
2.22%,
09/17/31
|
200,000 |
154,629 |
SVB
Financial Group | ||
2.10%,
05/15/28
(a) |
100,000 |
83,358 |
3.13%,
06/05/30
(a) |
100,000 |
82,407 |
1.80%,
02/02/31
(a) |
75,000 |
54,651 |
4.57%,
04/29/33
(a)(b) |
100,000 |
88,364 |
Synchrony
Financial | ||
5.15%,
03/19/29
(a) |
135,000 |
127,873 |
2.88%,
10/28/31
(a) |
175,000 |
130,770 |
Toronto-Dominion
Bank | ||
2.00%,
09/10/31
|
175,000 |
137,953 |
2.45%,
01/12/32
|
125,000 |
101,226 |
3.20%,
03/10/32
|
325,000 |
280,702 |
4.46%,
06/08/32
|
400,000 |
381,074 |
Truist
Bank | ||
2.25%,
03/11/30
(a) |
250,000 |
202,368 |
Truist
Financial Corp. | ||
3.88%,
03/19/29
(a) |
125,000 |
115,386 |
1.89%,
06/07/29
(a)(b) |
200,000 |
168,749 |
1.95%,
06/05/30
(a) |
150,000 |
120,864 |
4.92%,
07/28/33
(a)(b) |
200,000 |
188,159 |
6.12%,
10/28/33
(a)(b) |
150,000 |
157,796 |
US
Bancorp | ||
3.90%,
04/26/28
(a) |
150,000 |
144,048 |
3.00%,
07/30/29
(a) |
200,000 |
176,120 |
1.38%,
07/22/30
(a) |
250,000 |
194,203 |
2.68%,
01/27/33
(a)(b) |
200,000 |
165,342 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
4.97%,
07/22/33
(a)(b) |
275,000 |
261,922 |
5.85%,
10/21/33
(a)(b) |
300,000 |
312,449 |
2.49%,
11/03/36
(a)(b) |
250,000 |
190,964 |
Webster
Financial Corp. | ||
4.10%,
03/25/29
(a) |
100,000 |
91,068 |
Wells
Fargo & Co. | ||
4.15%,
01/24/29
(a) |
552,000 |
519,653 |
7.95%,
11/15/29
|
25,000 |
27,419 |
2.88%,
10/30/30
(a)(b) |
700,000 |
596,382 |
2.57%,
02/11/31
(a)(b) |
600,000 |
497,712 |
4.48%,
04/04/31
(a)(b) |
500,000 |
468,966 |
3.35%,
03/02/33
(a)(b) |
800,000 |
674,807 |
4.90%,
07/25/33
(a)(b) |
850,000 |
806,874 |
Westpac
Banking Corp. | ||
3.40%,
01/25/28
|
200,000 |
187,559 |
1.95%,
11/20/28
|
200,000 |
170,657 |
2.65%,
01/16/30
|
170,000 |
147,852 |
2.15%,
06/03/31
|
225,000 |
187,094 |
5.41%,
08/10/33
(a)(b) |
200,000 |
187,454 |
4.11%,
07/24/34
(a)(b) |
300,000 |
257,581 |
2.67%,
11/15/35
(a)(b) |
325,000 |
241,735 |
3.02%,
11/18/36
(a)(b) |
200,000 |
148,644 |
Wintrust
Financial Corp. | ||
4.85%,
06/06/29
|
75,000 |
68,167 |
Zions
Bancorp NA | ||
3.25%,
10/29/29
(a) |
200,000 |
164,176 |
|
|
75,317,299 |
Brokerage/Asset
Managers/Exchanges 1.9%
| ||
Affiliated
Managers Group, Inc. | ||
3.30%,
06/15/30
(a) |
100,000 |
84,041 |
Ameriprise
Financial, Inc. | ||
4.50%,
05/13/32
(a) |
100,000 |
96,915 |
BlackRock,
Inc. | ||
3.25%,
04/30/29
(a) |
225,000 |
208,304 |
2.40%,
04/30/30
(a) |
225,000 |
192,407 |
1.90%,
01/28/31
(a) |
300,000 |
243,204 |
2.10%,
02/25/32
(a) |
100,000 |
80,469 |
Brookfield
Finance I UK PLC | ||
2.34%,
01/30/32
(a) |
150,000 |
114,394 |
Brookfield
Finance, Inc. | ||
3.90%,
01/25/28
(a) |
215,000 |
198,246 |
4.85%,
03/29/29
(a) |
175,000 |
167,546 |
4.35%,
04/15/30
(a) |
135,000 |
122,879 |
2.72%,
04/15/31
(a) |
100,000 |
80,187 |
Cboe
Global Markets, Inc. | ||
1.63%,
12/15/30
(a) |
100,000 |
78,049 |
3.00%,
03/16/32
(a) |
75,000 |
62,756 |
CI
Financial Corp. | ||
3.20%,
12/17/30
(a) |
200,000 |
152,403 |
CME
Group, Inc. | ||
3.75%,
06/15/28
(a) |
100,000 |
96,615 |
2.65%,
03/15/32
(a) |
150,000 |
126,038 |
E*TRADE
Financial Corp. | ||
4.50%,
06/20/28
(a) |
100,000 |
97,686 |
Franklin
Resources, Inc. | ||
1.60%,
10/30/30
(a) |
200,000 |
154,237 |
Intercontinental
Exchange, Inc. | ||
3.75%,
09/21/28
(a) |
116,000 |
109,862 |
4.35%,
06/15/29
(a) |
250,000 |
242,177 |
2.10%,
06/15/30
(a) |
300,000 |
245,352 |
1.85%,
09/15/32
(a) |
300,000 |
226,054 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Jefferies
Financial Group, Inc. | ||
4.15%,
01/23/30
|
200,000 |
178,959 |
2.63%,
10/15/31
(a) |
200,000 |
153,780 |
2.75%,
10/15/32
(a) |
125,000 |
94,308 |
Lazard
Group LLC | ||
4.50%,
09/19/28
(a) |
100,000 |
92,952 |
4.38%,
03/11/29
(a) |
110,000 |
101,848 |
Nasdaq,
Inc. | ||
1.65%,
01/15/31
(a) |
125,000 |
95,862 |
Nomura
Holdings, Inc. | ||
2.17%,
07/14/28
|
200,000 |
165,501 |
5.61%,
07/06/29
|
200,000 |
196,466 |
3.10%,
01/16/30
|
300,000 |
250,037 |
2.68%,
07/16/30
|
200,000 |
160,433 |
2.61%,
07/14/31
|
200,000 |
154,683 |
3.00%,
01/22/32
|
200,000 |
157,764 |
Raymond
James Financial, Inc. | ||
4.65%,
04/01/30
(a) |
100,000 |
96,504 |
Stifel
Financial Corp. | ||
4.00%,
05/15/30
(a) |
100,000 |
86,953 |
The
Charles Schwab Corp. | ||
3.20%,
01/25/28
(a)(c) |
100,000 |
93,366 |
2.00%,
03/20/28
(a)(c) |
250,000 |
219,822 |
4.00%,
02/01/29
(a)(c) |
100,000 |
95,256 |
3.25%,
05/22/29
(a)(c) |
105,000 |
95,357 |
2.75%,
10/01/29
(a)(c) |
75,000 |
65,514 |
4.63%,
03/22/30
(a)(c) |
75,000 |
73,735 |
1.65%,
03/11/31
(a)(c) |
125,000 |
97,482 |
2.30%,
05/13/31
(a)(c) |
125,000 |
102,387 |
1.95%,
12/01/31
(a)(c) |
160,000 |
125,647 |
2.90%,
03/03/32
(a)(c) |
195,000 |
165,959 |
|
|
6,300,396 |
Finance
Companies 1.0%
| ||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.88%,
01/23/28
(a) |
150,000 |
135,541 |
3.00%,
10/29/28
(a) |
750,000 |
630,483 |
3.30%,
01/30/32
(a) |
775,000 |
606,206 |
Air
Lease Corp. | ||
2.10%,
09/01/28
(a) |
100,000 |
81,795 |
4.63%,
10/01/28
(a) |
100,000 |
93,787 |
3.25%,
10/01/29
(a) |
135,000 |
115,287 |
3.00%,
02/01/30
(a) |
100,000 |
83,758 |
3.13%,
12/01/30
(a) |
125,000 |
103,773 |
2.88%,
01/15/32
(a) |
150,000 |
119,775 |
Ares
Capital Corp. | ||
2.88%,
06/15/28
(a) |
250,000 |
201,356 |
3.20%,
11/15/31
(a) |
150,000 |
110,473 |
Blackstone
Private Credit Fund | ||
4.00%,
01/15/29
(a) |
125,000 |
103,393 |
Blackstone
Secured Lending Fund | ||
2.85%,
09/30/28
(a) |
125,000 |
97,826 |
FS
KKR Capital Corp. | ||
3.13%,
10/12/28
(a) |
150,000 |
121,651 |
GATX
Corp. | ||
3.50%,
03/15/28
(a) |
75,000 |
68,108 |
4.55%,
11/07/28
(a) |
50,000 |
47,445 |
4.70%,
04/01/29
(a) |
75,000 |
71,666 |
4.00%,
06/30/30
(a) |
100,000 |
89,225 |
1.90%,
06/01/31
(a) |
100,000 |
74,921 |
3.50%,
06/01/32
(a) |
50,000 |
41,721 |
Owl
Rock Capital Corp. | ||
2.88%,
06/11/28
(a) |
175,000 |
138,676 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Prospect
Capital Corp. | ||
3.44%,
10/15/28
(a) |
75,000 |
58,254 |
|
|
3,195,120 |
Financial
Other 0.1%
| ||
ORIX
Corp. | ||
2.25%,
03/09/31
|
75,000 |
59,265 |
4.00%,
04/13/32
|
100,000 |
88,786 |
5.20%,
09/13/32
|
125,000 |
122,255 |
|
|
270,306 |
Insurance
5.0%
| ||
Aegon
N.V. | ||
5.50%,
04/11/48
(a)(b) |
200,000 |
180,524 |
Aflac,
Inc. | ||
3.60%,
04/01/30
(a) |
200,000 |
181,197 |
Alleghany
Corp. | ||
3.63%,
05/15/30
(a) |
100,000 |
92,807 |
Allstate
Corp. | ||
1.45%,
12/15/30
(a) |
75,000 |
57,377 |
American
Financial Group, Inc. | ||
5.25%,
04/02/30
(a) |
75,000 |
73,927 |
American
International Group, Inc. | ||
3.40%,
06/30/30
(a) |
75,000 |
66,349 |
5.75%,
04/01/48
(a)(b) |
175,000 |
168,547 |
Anthem,
Inc. | ||
4.10%,
03/01/28
(a) |
250,000 |
239,949 |
2.88%,
09/15/29
(a) |
160,000 |
140,576 |
2.25%,
05/15/30
(a) |
200,000 |
166,180 |
2.55%,
03/15/31
(a) |
250,000 |
209,912 |
4.10%,
05/15/32
(a) |
150,000 |
139,692 |
Aon
Corp. | ||
4.50%,
12/15/28
(a) |
75,000 |
72,392 |
3.75%,
05/02/29
(a) |
150,000 |
139,256 |
2.80%,
05/15/30
(a) |
175,000 |
149,652 |
2.05%,
08/23/31
(a) |
75,000 |
59,713 |
5.00%,
09/12/32
(a) |
100,000 |
99,189 |
Aon
Corp/Aon Global Holdings PLC | ||
2.60%,
12/02/31
(a) |
100,000 |
81,795 |
Arthur
J Gallagher & Co. | ||
2.40%,
11/09/31
(a) |
100,000 |
78,832 |
Assurant,
Inc. | ||
4.90%,
03/27/28
(a) |
60,000 |
57,727 |
3.70%,
02/22/30
(a) |
75,000 |
63,812 |
2.65%,
01/15/32
(a) |
75,000 |
55,692 |
Assured
Guaranty US Holdings, Inc. | ||
3.15%,
06/15/31
(a) |
100,000 |
84,625 |
Athene
Holding Ltd. | ||
4.13%,
01/12/28
(a) |
200,000 |
184,310 |
6.15%,
04/03/30
(a) |
100,000 |
101,121 |
3.50%,
01/15/31
(a) |
125,000 |
103,300 |
AXA
S.A. | ||
8.60%,
12/15/30
|
200,000 |
242,952 |
AXIS
Specialty Finance LLC | ||
3.90%,
07/15/29
(a) |
75,000 |
66,814 |
4.90%,
01/15/40
(a)(b) |
75,000 |
61,854 |
Berkshire
Hathaway Finance Corp. | ||
1.85%,
03/12/30
(a) |
125,000 |
104,678 |
1.45%,
10/15/30
(a) |
150,000 |
119,776 |
2.88%,
03/15/32
(a) |
200,000 |
173,648 |
Brighthouse
Financial, Inc. | ||
5.63%,
05/15/30
(a) |
125,000 |
119,103 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Brown
& Brown, Inc. | ||
4.50%,
03/15/29
(a) |
35,000 |
32,497 |
2.38%,
03/15/31
(a) |
150,000 |
114,521 |
4.20%,
03/17/32
(a) |
150,000 |
130,274 |
Centene
Corp. | ||
2.45%,
07/15/28
(a) |
525,000 |
443,497 |
4.63%,
12/15/29
(a) |
800,000 |
734,546 |
3.00%,
10/15/30
(a) |
550,000 |
451,519 |
2.50%,
03/01/31
(a) |
500,000 |
392,143 |
2.63%,
08/01/31
(a) |
300,000 |
236,049 |
Chubb
INA Holdings, Inc. | ||
1.38%,
09/15/30
(a) |
275,000 |
214,078 |
Cincinnati
Financial Corp. | ||
6.92%,
05/15/28
|
75,000 |
80,147 |
CNA
Financial Corp. | ||
3.90%,
05/01/29
(a) |
100,000 |
91,627 |
2.05%,
08/15/30
(a) |
100,000 |
79,162 |
CNO
Financial Group, Inc. | ||
5.25%,
05/30/29
(a) |
125,000 |
119,373 |
Corebridge
Financial, Inc. | ||
3.85%,
04/05/29
(a)(d) |
200,000 |
182,616 |
3.90%,
04/05/32
(a)(d) |
300,000 |
263,103 |
Elevance
Health, Inc. | ||
5.50%,
10/15/32
(a) |
100,000 |
102,548 |
Enstar
Group Ltd. | ||
4.95%,
06/01/29
(a) |
100,000 |
91,896 |
3.10%,
09/01/31
(a) |
125,000 |
91,634 |
Equitable
Holdings, Inc. | ||
7.00%,
04/01/28
|
100,000 |
107,778 |
4.35%,
04/20/28
(a) |
300,000 |
286,377 |
Fairfax
Financial Holdings Ltd. | ||
4.85%,
04/17/28
(a) |
75,000 |
71,228 |
4.63%,
04/29/30
(a) |
175,000 |
159,201 |
3.38%,
03/03/31
(a) |
125,000 |
102,526 |
5.63%,
08/16/32
(a)(d) |
150,000 |
141,432 |
Fidelity
National Financial, Inc. | ||
4.50%,
08/15/28
(a) |
100,000 |
95,320 |
3.40%,
06/15/30
(a) |
125,000 |
105,768 |
2.45%,
03/15/31
(a) |
125,000 |
95,386 |
First
American Financial Corp. | ||
4.00%,
05/15/30
(a) |
100,000 |
85,060 |
2.40%,
08/15/31
(a) |
150,000 |
110,278 |
Globe
Life, Inc. | ||
4.55%,
09/15/28
(a) |
50,000 |
48,732 |
2.15%,
08/15/30
(a) |
100,000 |
79,369 |
4.80%,
06/15/32
(a) |
100,000 |
95,008 |
Hanover
Insurance Group, Inc. | ||
2.50%,
09/01/30
(a) |
50,000 |
38,575 |
Hartford
Financial Services Group, Inc. | ||
2.80%,
08/19/29
(a) |
125,000 |
107,207 |
Humana,
Inc. | ||
5.75%,
03/01/28
(a) |
50,000 |
51,133 |
3.70%,
03/23/29
(a) |
200,000 |
183,064 |
3.13%,
08/15/29
(a) |
175,000 |
153,840 |
4.88%,
04/01/30
(a) |
50,000 |
48,935 |
2.15%,
02/03/32
(a) |
150,000 |
117,513 |
Jackson
Financial, Inc. | ||
3.13%,
11/23/31
(a) |
100,000 |
77,522 |
5.67%,
06/08/32
(a) |
100,000 |
94,570 |
Kemper
Corp. | ||
2.40%,
09/30/30
(a) |
100,000 |
77,656 |
3.80%,
02/23/32
(a) |
75,000 |
63,193 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Lincoln
National Corp. | ||
3.80%,
03/01/28
(a) |
100,000 |
92,123 |
3.05%,
01/15/30
(a) |
125,000 |
103,643 |
3.40%,
01/15/31
(a) |
100,000 |
82,680 |
3.40%,
03/01/32
(a) |
50,000 |
40,657 |
Loews
Corp. | ||
3.20%,
05/15/30
(a) |
100,000 |
88,651 |
Manulife
Financial Corp. | ||
3.70%,
03/16/32
(a) |
150,000 |
133,635 |
Markel
Corp. | ||
3.35%,
09/17/29
(a) |
100,000 |
87,021 |
Marsh
& McLennan Cos., Inc. | ||
4.38%,
03/15/29
(a) |
300,000 |
290,368 |
2.25%,
11/15/30
(a) |
185,000 |
151,754 |
2.38%,
12/15/31
(a) |
100,000 |
80,987 |
5.75%,
11/01/32
(a) |
50,000 |
52,536 |
MetLife,
Inc. | ||
4.55%,
03/23/30
(a) |
225,000 |
221,782 |
PartnerRe
Finance B LLC | ||
3.70%,
07/02/29
(a) |
100,000 |
90,319 |
4.50%,
10/01/50
(a)(b) |
100,000 |
86,301 |
Primerica,
Inc. | ||
2.80%,
11/19/31
(a) |
150,000 |
122,823 |
Principal
Financial Group, Inc. | ||
3.70%,
05/15/29
(a) |
115,000 |
107,035 |
2.13%,
06/15/30
(a) |
100,000 |
82,008 |
Prudential
Financial, Inc. | ||
3.88%,
03/27/28
(a) |
99,000 |
95,022 |
2.10%,
03/10/30
(a) |
100,000 |
83,126 |
5.70%,
09/15/48
(a)(b) |
200,000 |
192,719 |
3.70%,
10/01/50
(a)(b) |
175,000 |
150,155 |
5.13%,
03/01/52
(a)(b) |
175,000 |
158,631 |
6.00%,
09/01/52
(a)(b) |
250,000 |
243,681 |
Prudential
PLC | ||
3.13%,
04/14/30
|
200,000 |
174,624 |
3.63%,
03/24/32
(a) |
75,000 |
66,871 |
Reinsurance
Group of America, Inc. | ||
3.90%,
05/15/29
(a) |
100,000 |
91,852 |
3.15%,
06/15/30
(a) |
125,000 |
106,706 |
RenaissanceRe
Holdings Ltd. | ||
3.60%,
04/15/29
(a) |
50,000 |
45,056 |
Stewart
Information Services Corp. | ||
3.60%,
11/15/31
(a) |
100,000 |
76,581 |
The
Progressive Corp. | ||
4.00%,
03/01/29
(a) |
100,000 |
96,134 |
3.20%,
03/26/30
(a) |
125,000 |
112,598 |
3.00%,
03/15/32
(a) |
200,000 |
174,043 |
UnitedHealth
Group, Inc. | ||
5.25%,
02/15/28
(a) |
100,000 |
102,506 |
3.85%,
06/15/28
|
225,000 |
215,906 |
3.88%,
12/15/28
|
150,000 |
143,436 |
4.00%,
05/15/29
(a) |
225,000 |
215,144 |
2.88%,
08/15/29
|
275,000 |
245,191 |
5.30%,
02/15/30
(a) |
200,000 |
206,690 |
2.00%,
05/15/30
|
300,000 |
248,530 |
2.30%,
05/15/31
(a) |
325,000 |
271,268 |
4.20%,
05/15/32
(a) |
325,000 |
309,578 |
Unum
Group | ||
4.00%,
06/15/29
(a) |
100,000 |
90,588 |
Voya
Financial, Inc. | ||
4.70%,
01/23/48
(a)(b) |
25,000 |
19,348 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Willis
North America, Inc. | ||
4.50%,
09/15/28
(a) |
100,000 |
94,372 |
2.95%,
09/15/29
(a) |
150,000 |
126,363 |
|
|
16,456,221 |
REITs
5.1%
| ||
Agree
LP | ||
2.00%,
06/15/28
(a) |
150,000 |
122,867 |
4.80%,
10/01/32
(a) |
100,000 |
92,540 |
Alexandria
Real Estate Equities, Inc. | ||
3.95%,
01/15/28
(a) |
50,000 |
47,090 |
4.50%,
07/30/29
(a) |
100,000 |
94,904 |
2.75%,
12/15/29
(a) |
100,000 |
85,013 |
4.70%,
07/01/30
(a) |
100,000 |
96,394 |
4.90%,
12/15/30
(a) |
150,000 |
146,384 |
3.38%,
08/15/31
(a) |
150,000 |
131,401 |
2.00%,
05/18/32
(a) |
150,000 |
115,496 |
American
Assets Trust LP | ||
3.38%,
02/01/31
(a) |
100,000 |
79,417 |
American
Homes 4 Rent LP | ||
4.25%,
02/15/28
(a) |
100,000 |
92,872 |
4.90%,
02/15/29
(a) |
80,000 |
75,881 |
2.38%,
07/15/31
(a) |
100,000 |
77,119 |
3.63%,
04/15/32
(a) |
125,000 |
105,085 |
AvalonBay
Communities, Inc. | ||
3.20%,
01/15/28
(a) |
100,000 |
91,577 |
1.90%,
12/01/28
(a) |
100,000 |
83,714 |
3.30%,
06/01/29
(a) |
100,000 |
89,798 |
2.30%,
03/01/30
(a) |
50,000 |
41,587 |
2.45%,
01/15/31
(a) |
125,000 |
103,373 |
2.05%,
01/15/32
(a) |
175,000 |
137,871 |
Boston
Properties LP | ||
4.50%,
12/01/28
(a) |
300,000 |
279,195 |
3.40%,
06/21/29
(a) |
100,000 |
86,281 |
2.90%,
03/15/30
(a) |
135,000 |
110,442 |
3.25%,
01/30/31
(a) |
200,000 |
166,072 |
2.55%,
04/01/32
(a) |
200,000 |
152,660 |
Brandywine
Operating Partnership LP | ||
4.55%,
10/01/29
(a) |
150,000 |
125,717 |
Brixmor
Operating Partnership LP | ||
2.25%,
04/01/28
(a) |
50,000 |
41,670 |
4.13%,
05/15/29
(a) |
75,000 |
67,162 |
4.05%,
07/01/30
(a) |
175,000 |
154,142 |
2.50%,
08/16/31
(a) |
150,000 |
115,077 |
Broadstone
Net Lease LLC | ||
2.60%,
09/15/31
(a) |
75,000 |
56,352 |
Camden
Property Trust | ||
4.10%,
10/15/28
(a) |
25,000 |
23,665 |
3.15%,
07/01/29
(a) |
175,000 |
156,432 |
2.80%,
05/15/30
(a) |
150,000 |
129,528 |
Corporate
Office Properties LP | ||
2.75%,
04/15/31
(a) |
200,000 |
150,223 |
CubeSmart
LP | ||
2.25%,
12/15/28
(a) |
100,000 |
82,601 |
4.38%,
02/15/29
(a) |
75,000 |
69,557 |
3.00%,
02/15/30
(a) |
75,000 |
62,478 |
2.00%,
02/15/31
(a) |
75,000 |
56,645 |
2.50%,
02/15/32
(a) |
100,000 |
76,676 |
Digital
Realty Trust LP | ||
4.45%,
07/15/28
(a) |
325,000 |
308,947 |
3.60%,
07/01/29
(a) |
175,000 |
156,702 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
EPR
Properties | ||
4.95%,
04/15/28
(a) |
100,000 |
85,396 |
3.75%,
08/15/29
(a) |
125,000 |
97,795 |
3.60%,
11/15/31
(a) |
50,000 |
36,284 |
ERP
Operating LP | ||
3.50%,
03/01/28
(a) |
100,000 |
92,439 |
4.15%,
12/01/28
(a) |
100,000 |
94,340 |
3.00%,
07/01/29
(a) |
70,000 |
61,165 |
2.50%,
02/15/30
(a) |
125,000 |
104,532 |
1.85%,
08/01/31
(a) |
100,000 |
77,964 |
Essential
Properties LP | ||
2.95%,
07/15/31
(a) |
100,000 |
72,825 |
Essex
Portfolio LP | ||
1.70%,
03/01/28
(a) |
100,000 |
83,631 |
4.00%,
03/01/29
(a) |
100,000 |
91,227 |
3.00%,
01/15/30
(a) |
100,000 |
84,756 |
1.65%,
01/15/31
(a) |
75,000 |
56,014 |
2.65%,
03/15/32
(a) |
175,000 |
138,696 |
Extra
Space Storage LP | ||
2.55%,
06/01/31
(a) |
125,000 |
97,958 |
2.35%,
03/15/32
(a) |
175,000 |
132,835 |
Federal
Realty Investment Trust | ||
3.20%,
06/15/29
(a) |
75,000 |
65,214 |
3.50%,
06/01/30
(a) |
75,000 |
64,726 |
Healthcare
Realty Holdings LP | ||
3.10%,
02/15/30
(a) |
75,000 |
63,106 |
2.40%,
03/15/30
(a) |
125,000 |
97,121 |
2.00%,
03/15/31
(a) |
100,000 |
75,773 |
Healthpeak
Properties, Inc. | ||
2.13%,
12/01/28
(a) |
100,000 |
84,198 |
3.50%,
07/15/29
(a) |
125,000 |
111,495 |
3.00%,
01/15/30
(a) |
140,000 |
120,371 |
2.88%,
01/15/31
(a) |
125,000 |
104,640 |
Highwoods
Realty LP | ||
4.13%,
03/15/28
(a) |
75,000 |
68,078 |
4.20%,
04/15/29
(a) |
75,000 |
65,136 |
3.05%,
02/15/30
(a) |
75,000 |
59,639 |
2.60%,
02/01/31
(a) |
75,000 |
55,678 |
Host
Hotels & Resorts LP | ||
3.38%,
12/15/29
(a) |
125,000 |
104,830 |
3.50%,
09/15/30
(a) |
150,000 |
124,062 |
2.90%,
12/15/31
(a) |
100,000 |
76,738 |
Hudson
Pacific Properties LP | ||
4.65%,
04/01/29
(a) |
100,000 |
85,715 |
3.25%,
01/15/30
(a) |
150,000 |
114,869 |
Invitation
Homes Operating Partnership LP | ||
2.30%,
11/15/28
(a) |
150,000 |
124,332 |
2.00%,
08/15/31
(a) |
125,000 |
92,409 |
4.15%,
04/15/32
(a) |
100,000 |
87,588 |
Kilroy
Realty LP | ||
4.25%,
08/15/29
(a) |
70,000 |
61,560 |
3.05%,
02/15/30
(a) |
150,000 |
120,484 |
2.50%,
11/15/32
(a) |
75,000 |
53,525 |
Kimco
Realty Corp. | ||
1.90%,
03/01/28
(a) |
75,000 |
63,002 |
2.70%,
10/01/30
(a) |
100,000 |
81,846 |
2.25%,
12/01/31
(a) |
100,000 |
76,756 |
3.20%,
04/01/32
(a) |
125,000 |
103,794 |
Lexington
Realty Trust | ||
2.70%,
09/15/30
(a) |
100,000 |
79,946 |
Life
Storage LP | ||
4.00%,
06/15/29
(a) |
55,000 |
49,329 |
2.20%,
10/15/30
(a) |
100,000 |
77,966 |
2.40%,
10/15/31
(a) |
125,000 |
95,809 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
LXP
Industrial Trust | ||
2.38%,
10/01/31
(a) |
75,000 |
57,013 |
Mid-America
Apartments LP | ||
4.20%,
06/15/28
(a) |
75,000 |
71,837 |
3.95%,
03/15/29
(a) |
115,000 |
109,087 |
2.75%,
03/15/30
(a) |
50,000 |
42,934 |
1.70%,
02/15/31
(a) |
100,000 |
78,389 |
National
Health Investors, Inc. | ||
3.00%,
02/01/31
(a) |
100,000 |
72,358 |
National
Retail Properties, Inc. | ||
4.30%,
10/15/28
(a) |
50,000 |
46,503 |
2.50%,
04/15/30
(a) |
125,000 |
101,563 |
Omega
Healthcare Investors, Inc. | ||
4.75%,
01/15/28
(a) |
100,000 |
92,414 |
3.63%,
10/01/29
(a) |
100,000 |
82,425 |
3.38%,
02/01/31
(a) |
125,000 |
96,743 |
Phillips
Edison Grocery Center Operating Partnership I LP | ||
2.63%,
11/15/31
(a) |
75,000 |
55,264 |
Physicians
Realty LP | ||
3.95%,
01/15/28
(a) |
75,000 |
68,787 |
2.63%,
11/01/31
(a) |
75,000 |
58,573 |
Piedmont
Operating Partnership LP | ||
3.15%,
08/15/30
(a) |
75,000 |
56,980 |
2.75%,
04/01/32
(a) |
75,000 |
52,610 |
Prologis
LP | ||
3.88%,
09/15/28
(a) |
150,000 |
142,366 |
4.00%,
09/15/28
(a) |
50,000 |
47,911 |
4.38%,
02/01/29
(a) |
25,000 |
23,944 |
2.88%,
11/15/29
(a) |
75,000 |
65,461 |
2.25%,
04/15/30
(a) |
225,000 |
188,239 |
1.75%,
07/01/30
(a) |
60,000 |
47,555 |
1.25%,
10/15/30
(a) |
125,000 |
95,140 |
1.75%,
02/01/31
(a) |
100,000 |
79,043 |
1.63%,
03/15/31
(a) |
75,000 |
58,189 |
2.25%,
01/15/32
(a) |
100,000 |
79,916 |
Public
Storage | ||
1.85%,
05/01/28
(a) |
150,000 |
129,017 |
1.95%,
11/09/28
(a) |
100,000 |
85,392 |
3.39%,
05/01/29
(a) |
100,000 |
91,482 |
2.30%,
05/01/31
(a) |
125,000 |
102,291 |
2.25%,
11/09/31
(a) |
100,000 |
80,780 |
Realty
Income Corp. | ||
3.40%,
01/15/28
(a) |
150,000 |
138,378 |
3.65%,
01/15/28
(a) |
125,000 |
116,919 |
2.20%,
06/15/28
(a) |
100,000 |
85,937 |
3.25%,
06/15/29
(a) |
150,000 |
134,018 |
3.10%,
12/15/29
(a) |
120,000 |
105,152 |
3.25%,
01/15/31
(a) |
150,000 |
130,308 |
5.63%,
10/13/32
(a) |
150,000 |
153,239 |
2.85%,
12/15/32
(a) |
100,000 |
81,288 |
Regency
Centers LP | ||
4.13%,
03/15/28
(a) |
75,000 |
69,471 |
2.95%,
09/15/29
(a) |
50,000 |
42,018 |
3.70%,
06/15/30
(a) |
125,000 |
108,911 |
Retail
Properties of America, Inc. | ||
4.75%,
09/15/30
(a) |
75,000 |
66,674 |
Rexford
Industrial Realty LP | ||
2.13%,
12/01/30
(a) |
75,000 |
58,564 |
2.15%,
09/01/31
(a) |
100,000 |
76,816 |
Sabra
Health Care LP | ||
3.90%,
10/15/29
(a) |
50,000 |
41,700 |
3.20%,
12/01/31
(a) |
175,000 |
130,886 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Safehold
Operating Partnership LP | ||
2.80%,
06/15/31
(a) |
100,000 |
77,013 |
2.85%,
01/15/32
(a) |
50,000 |
38,175 |
Simon
Property Group LP | ||
1.75%,
02/01/28
(a) |
150,000 |
127,798 |
2.45%,
09/13/29
(a) |
200,000 |
167,512 |
2.65%,
07/15/30
(a) |
175,000 |
145,793 |
2.20%,
02/01/31
(a) |
150,000 |
118,988 |
2.25%,
01/15/32
(a) |
175,000 |
136,337 |
2.65%,
02/01/32
(a) |
125,000 |
100,744 |
Spirit
Realty LP | ||
2.10%,
03/15/28
(a) |
50,000 |
40,852 |
4.00%,
07/15/29
(a) |
100,000 |
87,236 |
3.40%,
01/15/30
(a) |
125,000 |
104,385 |
3.20%,
02/15/31
(a) |
100,000 |
80,253 |
2.70%,
02/15/32
(a) |
75,000 |
55,799 |
STORE
Capital Corp. | ||
4.50%,
03/15/28
(a) |
70,000 |
63,261 |
4.63%,
03/15/29
(a) |
75,000 |
67,198 |
2.75%,
11/18/30
(a) |
75,000 |
57,583 |
2.70%,
12/01/31
(a) |
100,000 |
73,119 |
Sun
Communities Operating LP | ||
2.30%,
11/01/28
(a) |
125,000 |
104,803 |
2.70%,
07/15/31
(a) |
150,000 |
118,379 |
4.20%,
04/15/32
(a) |
100,000 |
88,106 |
Tanger
Properties LP | ||
2.75%,
09/01/31
(a) |
75,000 |
54,331 |
UDR,
Inc. | ||
3.50%,
01/15/28
(a) |
50,000 |
45,451 |
4.40%,
01/26/29
(a) |
75,000 |
70,766 |
3.20%,
01/15/30
(a) |
150,000 |
130,761 |
3.00%,
08/15/31
(a) |
125,000 |
104,752 |
2.10%,
08/01/32
(a) |
50,000 |
37,236 |
Ventas
Realty LP | ||
4.00%,
03/01/28
(a) |
100,000 |
92,594 |
4.40%,
01/15/29
(a) |
150,000 |
140,302 |
3.00%,
01/15/30
(a) |
195,000 |
164,696 |
4.75%,
11/15/30
(a) |
50,000 |
47,038 |
2.50%,
09/01/31
(a) |
100,000 |
78,621 |
Vornado
Realty LP | ||
3.40%,
06/01/31
(a) |
100,000 |
74,529 |
Welltower,
Inc. | ||
4.25%,
04/15/28
(a) |
150,000 |
140,971 |
2.05%,
01/15/29
(a) |
125,000 |
101,706 |
4.13%,
03/15/29
(a) |
100,000 |
91,909 |
3.10%,
01/15/30
(a) |
150,000 |
126,746 |
2.75%,
01/15/31
(a) |
100,000 |
80,083 |
2.80%,
06/01/31
(a) |
150,000 |
119,671 |
2.75%,
01/15/32
(a) |
100,000 |
78,346 |
3.85%,
06/15/32
(a) |
125,000 |
106,838 |
WP
Carey, Inc. | ||
3.85%,
07/15/29
(a) |
55,000 |
49,563 |
2.40%,
02/01/31
(a) |
100,000 |
79,834 |
2.45%,
02/01/32
(a) |
75,000 |
58,471 |
|
|
16,585,233 |
|
|
118,124,575 |
| ||
Industrial
55.5%
| ||
Basic
Industry 2.8%
| ||
Air
Products and Chemicals, Inc. | ||
2.05%,
05/15/30
(a) |
50,000 |
41,953 |
Albemarle
Corp. | ||
5.05%,
06/01/32
(a) |
125,000 |
118,118 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
AngloGold
Ashanti Holdings PLC | ||
3.75%,
10/01/30
(a) |
200,000 |
175,123 |
ArcelorMittal
S.A. | ||
4.25%,
07/16/29
(e) |
100,000 |
89,655 |
6.80%,
11/29/32
(a) |
225,000 |
224,538 |
Cabot
Corp. | ||
4.00%,
07/01/29
(a) |
100,000 |
89,311 |
5.00%,
06/30/32
(a) |
50,000 |
46,133 |
Celanese
US Holdings LLC | ||
6.33%,
07/15/29
(a) |
200,000 |
194,826 |
6.38%,
07/15/32
(a) |
150,000 |
143,415 |
Dow
Chemical Co. | ||
4.80%,
11/30/28
(a) |
140,000 |
138,289 |
7.38%,
11/01/29
|
150,000 |
166,999 |
2.10%,
11/15/30
(a) |
50,000 |
40,268 |
DuPont
de Nemours, Inc. | ||
4.73%,
11/15/28
(a) |
445,000 |
439,685 |
Eastman
Chemical Co. | ||
4.50%,
12/01/28
(a) |
113,000 |
107,287 |
Ecolab,
Inc. | ||
4.80%,
03/24/30
(a) |
100,000 |
99,423 |
1.30%,
01/30/31
(a) |
150,000 |
114,660 |
2.13%,
02/01/32
(a) |
275,000 |
220,569 |
EI
du Pont de Nemours and Co. | ||
2.30%,
07/15/30
(a) |
100,000 |
84,010 |
FMC
Corp. | ||
3.45%,
10/01/29
(a) |
100,000 |
88,297 |
Freeport-McMoRan,
Inc. | ||
4.13%,
03/01/28
(a) |
150,000 |
139,489 |
4.38%,
08/01/28
(a) |
150,000 |
140,918 |
5.25%,
09/01/29
(a) |
150,000 |
144,815 |
4.25%,
03/01/30
(a) |
75,000 |
68,531 |
4.63%,
08/01/30
(a) |
100,000 |
93,731 |
Georgia-Pacific
LLC | ||
7.75%,
11/15/29
|
150,000 |
170,603 |
8.88%,
05/15/31
|
50,000 |
61,299 |
Huntsman
International LLC | ||
4.50%,
05/01/29
(a) |
200,000 |
180,245 |
2.95%,
06/15/31
(a) |
50,000 |
38,928 |
International
Flavors & Fragrances, Inc. | ||
4.45%,
09/26/28
(a) |
100,000 |
94,398 |
Linde,
Inc. | ||
1.10%,
08/10/30
(a) |
150,000 |
115,444 |
LYB
International Finance III LLC | ||
2.25%,
10/01/30
(a) |
125,000 |
99,528 |
NewMarket
Corp. | ||
2.70%,
03/18/31
(a) |
100,000 |
79,108 |
Newmont
Corp. | ||
2.80%,
10/01/29
(a) |
125,000 |
106,785 |
2.25%,
10/01/30
(a) |
200,000 |
161,171 |
2.60%,
07/15/32
(a) |
225,000 |
179,689 |
Nucor
Corp. | ||
3.95%,
05/01/28
(a) |
100,000 |
94,597 |
2.70%,
06/01/30
(a) |
100,000 |
85,140 |
3.13%,
04/01/32
(a) |
100,000 |
85,100 |
Nutrien
Ltd. | ||
4.20%,
04/01/29
(a) |
100,000 |
94,185 |
2.95%,
05/13/30
(a) |
100,000 |
85,932 |
Packaging
Corp. of America | ||
3.00%,
12/15/29
(a) |
110,000 |
94,309 |
PPG
Industries, Inc. | ||
3.75%,
03/15/28
(a) |
175,000 |
166,740 |
2.80%,
08/15/29
(a) |
125,000 |
108,129 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Rayonier
LP | ||
2.75%,
05/17/31
(a) |
100,000 |
80,287 |
Reliance
Steel & Aluminum Co. | ||
2.15%,
08/15/30
(a) |
100,000 |
79,367 |
Rio
Tinto Finance USA Ltd. | ||
7.13%,
07/15/28
|
225,000 |
248,347 |
Rohm
& Haas Co. | ||
7.85%,
07/15/29
|
225,000 |
251,172 |
RPM
International, Inc. | ||
4.55%,
03/01/29
(a) |
125,000 |
115,909 |
2.95%,
01/15/32
(a) |
25,000 |
19,765 |
Sherwin-Williams
Co. | ||
2.95%,
08/15/29
(a) |
160,000 |
140,548 |
2.30%,
05/15/30
(a) |
100,000 |
82,327 |
2.20%,
03/15/32
(a) |
100,000 |
79,200 |
Steel
Dynamics, Inc. | ||
3.45%,
04/15/30
(a) |
175,000 |
154,287 |
3.25%,
01/15/31
(a) |
75,000 |
64,345 |
Suzano
Austria GmbH | ||
2.50%,
09/15/28
(a) |
125,000 |
105,348 |
6.00%,
01/15/29
(a) |
300,000 |
299,532 |
5.00%,
01/15/30
(a) |
200,000 |
188,252 |
3.75%,
01/15/31
(a) |
200,000 |
168,006 |
3.13%,
01/15/32
(a) |
225,000 |
175,980 |
Teck
Resources Ltd. | ||
3.90%,
07/15/30
(a) |
100,000 |
89,958 |
Vale
Overseas Ltd. | ||
3.75%,
07/08/30
(a) |
325,000 |
285,518 |
Westlake
Chemical Corp. | ||
3.38%,
06/15/30
(a) |
75,000 |
64,615 |
WestRock
MWV LLC | ||
8.20%,
01/15/30
|
125,000 |
141,765 |
7.95%,
02/15/31
|
50,000 |
56,341 |
Weyerhaeuser
Co. | ||
4.00%,
11/15/29
(a) |
200,000 |
183,400 |
4.00%,
04/15/30
(a) |
200,000 |
182,664 |
7.38%,
03/15/32
|
50,000 |
55,556 |
WRKCo,
Inc. | ||
4.00%,
03/15/28
(a) |
75,000 |
70,061 |
3.90%,
06/01/28
(a) |
150,000 |
138,542 |
4.90%,
03/15/29
(a) |
125,000 |
120,590 |
4.20%,
06/01/32
(a) |
100,000 |
90,214 |
Yamana
Gold, Inc. | ||
2.63%,
08/15/31
(a)(d) |
125,000 |
94,023 |
|
|
9,137,292 |
Capital
Goods 5.5%
| ||
3M
Co. | ||
3.63%,
09/14/28
(a) |
100,000 |
94,958 |
3.38%,
03/01/29
(a) |
150,000 |
138,185 |
2.38%,
08/26/29
(a) |
275,000 |
233,758 |
3.05%,
04/15/30
(a) |
100,000 |
88,077 |
Acuity
Brands Lighting, Inc. | ||
2.15%,
12/15/30
(a) |
75,000 |
57,840 |
Allegion
PLC | ||
3.50%,
10/01/29
(a) |
175,000 |
151,263 |
Allegion
US Holding Co., Inc. | ||
5.41%,
07/01/32
(a) |
50,000 |
48,501 |
Amcor
Finance USA, Inc. | ||
4.50%,
05/15/28
(a) |
165,000 |
156,660 |
Amcor
Flexibles North America, Inc. | ||
2.63%,
06/19/30
(a) |
175,000 |
142,298 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Amphenol
Corp. | ||
4.35%,
06/01/29
(a) |
100,000 |
95,513 |
2.80%,
02/15/30
(a) |
175,000 |
149,913 |
2.20%,
09/15/31
(a) |
125,000 |
99,230 |
AptarGroup,
Inc. | ||
3.60%,
03/15/32
(a) |
100,000 |
83,438 |
Avery
Dennison Corp. | ||
4.88%,
12/06/28
(a) |
100,000 |
97,603 |
2.65%,
04/30/30
(a) |
75,000 |
61,744 |
2.25%,
02/15/32
(a) |
125,000 |
95,568 |
Boeing
Co. | ||
3.25%,
02/01/28
(a) |
250,000 |
228,623 |
3.25%,
03/01/28
(a) |
140,000 |
125,702 |
3.45%,
11/01/28
(a) |
100,000 |
90,035 |
3.20%,
03/01/29
(a) |
270,000 |
238,075 |
2.95%,
02/01/30
(a) |
20,000 |
16,974 |
5.15%,
05/01/30
(a) |
825,000 |
805,552 |
3.63%,
02/01/31
(a) |
325,000 |
285,049 |
Carlisle
Cos., Inc. | ||
2.75%,
03/01/30
(a) |
75,000 |
62,535 |
2.20%,
03/01/32
(a) |
125,000 |
95,202 |
Carrier
Global Corp. | ||
2.72%,
02/15/30
(a) |
400,000 |
337,811 |
2.70%,
02/15/31
(a)(d) |
150,000 |
123,898 |
Caterpillar,
Inc. | ||
2.60%,
09/19/29
(a) |
105,000 |
92,559 |
2.60%,
04/09/30
(a) |
150,000 |
130,960 |
1.90%,
03/12/31
(a) |
125,000 |
101,618 |
Deere
& Co. | ||
3.10%,
04/15/30
(a) |
100,000 |
89,883 |
7.13%,
03/03/31
|
50,000 |
57,537 |
Dover
Corp. | ||
2.95%,
11/04/29
(a) |
75,000 |
65,335 |
Eagle
Materials, Inc. | ||
2.50%,
07/01/31
(a) |
150,000 |
117,648 |
Eaton
Corp. | ||
4.00%,
11/02/32
|
150,000 |
138,485 |
Emerson
Electric Co. | ||
2.00%,
12/21/28
(a) |
150,000 |
127,844 |
1.95%,
10/15/30
(a) |
150,000 |
121,731 |
2.20%,
12/21/31
(a) |
200,000 |
162,048 |
Flowserve
Corp. | ||
3.50%,
10/01/30
(a) |
100,000 |
83,419 |
2.80%,
01/15/32
(a) |
125,000 |
93,712 |
Fortune
Brands Home & Security, Inc. | ||
3.25%,
09/15/29
(a) |
175,000 |
151,880 |
4.00%,
03/25/32
(a) |
75,000 |
65,154 |
GE
Capital Funding LLC | ||
4.55%,
05/15/32
(a)(e) |
300,000 |
285,473 |
General
Dynamics Corp. | ||
3.75%,
05/15/28
(a) |
175,000 |
167,113 |
3.63%,
04/01/30
(a) |
225,000 |
210,112 |
2.25%,
06/01/31
(a) |
100,000 |
83,848 |
General
Electric Co. | ||
6.75%,
03/15/32
|
150,000 |
166,562 |
Honeywell
International, Inc. | ||
2.70%,
08/15/29
(a) |
175,000 |
155,748 |
1.95%,
06/01/30
(a) |
225,000 |
186,402 |
1.75%,
09/01/31
(a) |
300,000 |
237,903 |
Hubbell,
Inc. | ||
3.50%,
02/15/28
(a) |
100,000 |
92,097 |
2.30%,
03/15/31
(a) |
50,000 |
39,917 |
Huntington
Ingalls Industries, Inc. | ||
2.04%,
08/16/28
(a) |
250,000 |
206,625 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
IDEX
Corp. | ||
3.00%,
05/01/30
(a) |
150,000 |
129,385 |
2.63%,
06/15/31
(a) |
50,000 |
41,667 |
John
Deere Capital Corp. | ||
3.05%,
01/06/28
|
100,000 |
93,590 |
1.50%,
03/06/28
|
100,000 |
85,632 |
3.45%,
03/07/29
|
20,000 |
18,600 |
3.35%,
04/18/29
|
200,000 |
185,445 |
2.80%,
07/18/29
|
165,000 |
147,233 |
4.85%,
10/11/29
|
50,000 |
50,132 |
2.45%,
01/09/30
|
190,000 |
164,005 |
1.45%,
01/15/31
|
100,000 |
78,192 |
2.00%,
06/17/31
|
200,000 |
162,137 |
3.90%,
06/07/32
|
100,000 |
93,498 |
4.35%,
09/15/32
|
100,000 |
97,448 |
Johnson
Controls International plc | ||
1.75%,
09/15/30
(a) |
125,000 |
99,858 |
2.00%,
09/16/31
(a) |
150,000 |
118,943 |
4.90%,
12/01/32
(a) |
75,000 |
73,840 |
Kennametal,
Inc. | ||
4.63%,
06/15/28
(a) |
100,000 |
94,041 |
2.80%,
03/01/31
(a) |
25,000 |
19,530 |
L3Harris
Technologies, Inc. | ||
4.40%,
06/15/28
(a) |
250,000 |
240,817 |
2.90%,
12/15/29
(a) |
100,000 |
85,626 |
1.80%,
01/15/31
(a) |
225,000 |
173,225 |
Leggett
& Platt, Inc. | ||
4.40%,
03/15/29
(a) |
100,000 |
94,248 |
Lockheed
Martin Corp. | ||
1.85%,
06/15/30
(a) |
100,000 |
82,121 |
3.90%,
06/15/32
(a) |
150,000 |
141,238 |
Martin
Marietta Materials, Inc. | ||
2.50%,
03/15/30
(a) |
100,000 |
82,736 |
2.40%,
07/15/31
(a) |
200,000 |
160,193 |
Masco
Corp. | ||
2.00%,
10/01/30
(a) |
125,000 |
97,339 |
2.00%,
02/15/31
(a) |
100,000 |
77,312 |
Mohawk
Industries, Inc. | ||
3.63%,
05/15/30
(a) |
115,000 |
99,372 |
Northrop
Grumman Corp. | ||
3.25%,
01/15/28
(a) |
415,000 |
384,356 |
4.40%,
05/01/30
(a) |
150,000 |
144,569 |
nVent
Finance Sarl | ||
4.55%,
04/15/28
(a) |
115,000 |
106,387 |
2.75%,
11/15/31
(a) |
50,000 |
38,438 |
Oshkosh
Corp. | ||
4.60%,
05/15/28
(a) |
125,000 |
118,926 |
Otis
Worldwide Corp. | ||
2.57%,
02/15/30
(a) |
320,000 |
269,407 |
Owens
Corning | ||
3.88%,
06/01/30
(a) |
175,000 |
155,972 |
Parker-Hannifin
Corp. | ||
3.25%,
06/14/29
(a) |
150,000 |
134,387 |
4.50%,
09/15/29
(a) |
250,000 |
240,942 |
Pentair
Finance Sarl | ||
4.50%,
07/01/29
(a) |
150,000 |
139,225 |
5.90%,
07/15/32
(a) |
25,000 |
24,841 |
Raytheon
Technologies Corp. | ||
4.13%,
11/16/28
(a) |
625,000 |
599,668 |
7.50%,
09/15/29
|
100,000 |
113,579 |
2.25%,
07/01/30
(a) |
100,000 |
83,337 |
1.90%,
09/01/31
(a) |
325,000 |
255,339 |
2.38%,
03/15/32
(a) |
125,000 |
101,448 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Republic
Services, Inc. | ||
3.95%,
05/15/28
(a) |
150,000 |
143,032 |
2.30%,
03/01/30
(a) |
50,000 |
41,942 |
1.45%,
02/15/31
(a) |
175,000 |
134,762 |
1.75%,
02/15/32
(a) |
200,000 |
154,113 |
Rockwell
Automation, Inc. | ||
3.50%,
03/01/29
(a) |
50,000 |
46,727 |
1.75%,
08/15/31
(a) |
100,000 |
79,048 |
Roper
Technologies, Inc. | ||
4.20%,
09/15/28
(a) |
150,000 |
144,926 |
2.95%,
09/15/29
(a) |
275,000 |
238,959 |
2.00%,
06/30/30
(a) |
75,000 |
60,055 |
1.75%,
02/15/31
(a) |
150,000 |
115,587 |
Sonoco
Products Co. | ||
3.13%,
05/01/30
(a) |
160,000 |
137,667 |
2.85%,
02/01/32
(a) |
75,000 |
61,053 |
Stanley
Black & Decker, Inc. | ||
4.25%,
11/15/28
(a) |
75,000 |
71,860 |
2.30%,
03/15/30
(a) |
225,000 |
185,463 |
3.00%,
05/15/32
(a) |
50,000 |
42,285 |
Teledyne
Technologies, Inc. | ||
2.25%,
04/01/28
(a) |
100,000 |
86,483 |
2.75%,
04/01/31
(a) |
275,000 |
225,827 |
Textron,
Inc. | ||
3.38%,
03/01/28
(a) |
150,000 |
136,606 |
3.90%,
09/17/29
(a) |
100,000 |
90,878 |
3.00%,
06/01/30
(a) |
100,000 |
85,369 |
Timken
Co. | ||
4.50%,
12/15/28
(a) |
150,000 |
142,989 |
4.13%,
04/01/32
(a) |
25,000 |
22,365 |
Trane
Technologies Global Holding Co., Ltd. | ||
3.75%,
08/21/28
(a) |
125,000 |
118,397 |
Trane
Technologies Luxembourg Finance S.A. | ||
3.80%,
03/21/29
(a) |
140,000 |
129,316 |
Vontier
Corp. | ||
2.40%,
04/01/28
(a) |
150,000 |
118,892 |
2.95%,
04/01/31
(a) |
100,000 |
73,426 |
Vulcan
Materials Co. | ||
3.50%,
06/01/30
(a) |
125,000 |
110,440 |
Waste
Connections, Inc. | ||
4.25%,
12/01/28
(a) |
75,000 |
71,928 |
3.50%,
05/01/29
(a) |
200,000 |
183,406 |
2.60%,
02/01/30
(a) |
50,000 |
42,672 |
2.20%,
01/15/32
(a) |
175,000 |
139,389 |
3.20%,
06/01/32
(a) |
75,000 |
64,320 |
Waste
Management, Inc. | ||
2.00%,
06/01/29
(a) |
275,000 |
233,231 |
1.50%,
03/15/31
(a) |
100,000 |
78,352 |
4.15%,
04/15/32
(a) |
200,000 |
190,502 |
Westinghouse
Air Brake Technologies Corp. | ||
4.95%,
09/15/28
(a)(f) |
275,000 |
264,635 |
Xylem,
Inc. | ||
1.95%,
01/30/28
(a) |
150,000 |
129,098 |
2.25%,
01/30/31
(a) |
75,000 |
60,957 |
|
|
18,090,799 |
Communications
8.6%
| ||
Activision
Blizzard, Inc. | ||
1.35%,
09/15/30
(a) |
125,000 |
97,844 |
America
Movil S.A.B. de C.V. | ||
2.88%,
05/07/30
(a) |
250,000 |
214,494 |
4.70%,
07/21/32
(a) |
200,000 |
191,783 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
American
Tower Corp. | ||
3.60%,
01/15/28
(a) |
150,000 |
138,254 |
1.50%,
01/31/28
(a) |
250,000 |
207,440 |
3.95%,
03/15/29
(a) |
125,000 |
115,169 |
3.80%,
08/15/29
(a) |
375,000 |
341,507 |
2.90%,
01/15/30
(a) |
135,000 |
114,632 |
2.10%,
06/15/30
(a) |
200,000 |
158,868 |
1.88%,
10/15/30
(a) |
150,000 |
115,862 |
2.70%,
04/15/31
(a) |
200,000 |
162,913 |
2.30%,
09/15/31
(a) |
75,000 |
58,459 |
AT&T,
Inc. | ||
1.65%,
02/01/28
(a) |
500,000 |
423,342 |
4.10%,
02/15/28
(a) |
325,000 |
309,926 |
4.35%,
03/01/29
(a) |
775,000 |
738,401 |
4.30%,
02/15/30
(a) |
650,000 |
612,534 |
2.75%,
06/01/31
(a) |
350,000 |
291,144 |
2.25%,
02/01/32
(a) |
550,000 |
431,733 |
Bell
Canada | ||
2.15%,
02/15/32
(a) |
150,000 |
117,583 |
British
Telecommunications PLC | ||
5.13%,
12/04/28
(a) |
350,000 |
340,304 |
9.63%,
12/15/30
(f) |
350,000 |
419,426 |
Charter
Communications Operating LLC/Charter Communications Operating
Capital | ||
3.75%,
02/15/28
(a) |
220,000 |
199,527 |
4.20%,
03/15/28
(a) |
350,000 |
322,356 |
2.25%,
01/15/29
(a) |
200,000 |
161,235 |
5.05%,
03/30/29
(a) |
175,000 |
164,937 |
2.80%,
04/01/31
(a) |
275,000 |
214,568 |
2.30%,
02/01/32
(a) |
250,000 |
184,782 |
Comcast
Corp. | ||
3.15%,
02/15/28
(a) |
375,000 |
346,813 |
3.55%,
05/01/28
(a) |
200,000 |
188,223 |
4.15%,
10/15/28
(a) |
792,000 |
761,977 |
2.65%,
02/01/30
(a) |
325,000 |
281,403 |
3.40%,
04/01/30
(a) |
500,000 |
455,759 |
4.25%,
10/15/30
(a) |
100,000 |
96,015 |
1.95%,
01/15/31
(a) |
350,000 |
282,876 |
1.50%,
02/15/31
(a) |
325,000 |
253,538 |
5.50%,
11/15/32
(a) |
150,000 |
156,395 |
Crown
Castle International Corp. | ||
3.80%,
02/15/28
(a) |
75,000 |
69,780 |
4.30%,
02/15/29
(a) |
225,000 |
212,902 |
3.10%,
11/15/29
(a) |
250,000 |
218,259 |
3.30%,
07/01/30
(a) |
100,000 |
87,509 |
2.25%,
01/15/31
(a) |
125,000 |
100,144 |
2.10%,
04/01/31
(a) |
225,000 |
177,361 |
2.50%,
07/15/31
(a) |
200,000 |
161,441 |
Deutsche
Telekom International Finance BV | ||
8.75%,
06/15/30
(f) |
800,000 |
945,842 |
Discovery
Communications LLC | ||
3.95%,
03/20/28
(a) |
200,000 |
177,807 |
4.13%,
05/15/29
(a) |
300,000 |
260,830 |
3.63%,
05/15/30
(a) |
175,000 |
144,737 |
Electronic
Arts, Inc. | ||
1.85%,
02/15/31
(a) |
175,000 |
137,889 |
Fox
Corp. | ||
4.71%,
01/25/29
(a) |
500,000 |
484,324 |
3.50%,
04/08/30
(a) |
25,000 |
22,166 |
Interpublic
Group of Cos., Inc. | ||
4.65%,
10/01/28
(a) |
100,000 |
95,996 |
4.75%,
03/30/30
(a) |
150,000 |
141,786 |
2.40%,
03/01/31
(a) |
100,000 |
79,248 |
Koninklijke
KPN N.V. | ||
8.38%,
10/01/30
|
125,000 |
140,392 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Magallanes,
Inc. | ||
4.05%,
03/15/29
(a)(d) |
350,000 |
303,811 |
4.28%,
03/15/32
(a)(d) |
950,000 |
784,100 |
Meta
Platforms, Inc. | ||
3.85%,
08/15/32
(a) |
725,000 |
640,034 |
Omnicom
Group, Inc. | ||
2.45%,
04/30/30
(a) |
225,000 |
186,382 |
4.20%,
06/01/30
(a) |
100,000 |
93,249 |
2.60%,
08/01/31
(a) |
100,000 |
81,988 |
Orange
S.A. | ||
9.00%,
03/01/31
|
475,000 |
583,052 |
Rogers
Communications, Inc. | ||
3.80%,
03/15/32
(a)(d) |
425,000 |
367,373 |
Take-Two
Interactive Software, Inc. | ||
4.00%,
04/14/32
(a) |
125,000 |
110,904 |
TCI
Communications, Inc. | ||
7.13%,
02/15/28
|
150,000 |
164,213 |
Telefonica
Europe BV | ||
8.25%,
09/15/30
|
250,000 |
279,790 |
TELUS
Corp. | ||
3.40%,
05/13/32
(a) |
200,000 |
170,688 |
T-Mobile
USA, Inc. | ||
4.75%,
02/01/28
(a) |
350,000 |
341,288 |
2.05%,
02/15/28
(a) |
350,000 |
301,308 |
2.63%,
02/15/29
(a) |
200,000 |
169,854 |
2.40%,
03/15/29
(a) |
250,000 |
211,516 |
3.38%,
04/15/29
(a) |
550,000 |
485,567 |
3.88%,
04/15/30
(a) |
1,250,000 |
1,136,230 |
2.55%,
02/15/31
(a) |
625,000 |
510,410 |
2.88%,
02/15/31
(a) |
200,000 |
165,385 |
3.50%,
04/15/31
(a) |
150,000 |
130,152 |
2.25%,
11/15/31
(a) |
275,000 |
216,747 |
2.70%,
03/15/32
(a) |
350,000 |
283,406 |
TWDC
Enterprises 18 Corp. | ||
7.00%,
03/01/32
|
125,000 |
141,648 |
Verizon
Communications, Inc. | ||
2.10%,
03/22/28
(a) |
600,000 |
521,133 |
4.33%,
09/21/28
|
835,000 |
804,860 |
3.88%,
02/08/29
(a) |
125,000 |
117,503 |
4.02%,
12/03/29
(a) |
750,000 |
702,688 |
3.15%,
03/22/30
(a) |
275,000 |
242,637 |
1.50%,
09/18/30
(a) |
275,000 |
214,297 |
1.68%,
10/30/30
(a) |
250,000 |
194,682 |
7.75%,
12/01/30
|
200,000 |
231,196 |
1.75%,
01/20/31
(a) |
325,000 |
252,296 |
2.55%,
03/21/31
(a) |
925,000 |
762,456 |
2.36%,
03/15/32
(a) |
950,000 |
754,516 |
ViacomCBS,
Inc. | ||
3.38%,
02/15/28
(a) |
150,000 |
133,359 |
3.70%,
06/01/28
(a) |
125,000 |
111,713 |
4.20%,
06/01/29
(a) |
100,000 |
89,056 |
7.88%,
07/30/30
|
225,000 |
240,208 |
4.95%,
01/15/31
(a) |
175,000 |
156,245 |
4.20%,
05/19/32
(a) |
100,000 |
81,948 |
Vodafone
Group PLC | ||
4.38%,
05/30/28
|
200,000 |
196,893 |
7.88%,
02/15/30
|
125,000 |
140,961 |
Walt
Disney Co. | ||
2.00%,
09/01/29
(a) |
450,000 |
378,179 |
3.80%,
03/22/30
|
325,000 |
302,959 |
2.65%,
01/13/31
|
500,000 |
427,774 |
Weibo
Corp. | ||
3.38%,
07/08/30
(a) |
200,000 |
154,087 |
|
|
28,401,176 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Consumer
Cyclical 7.3%
| ||
Advance
Auto Parts, Inc. | ||
3.90%,
04/15/30
(a) |
150,000 |
132,137 |
3.50%,
03/15/32
(a) |
50,000 |
41,037 |
Alibaba
Group Holding Ltd. | ||
2.13%,
02/09/31
(a) |
350,000 |
278,928 |
Amazon.com,
Inc. | ||
1.65%,
05/12/28
(a) |
475,000 |
409,335 |
3.45%,
04/13/29
(a) |
300,000 |
281,262 |
4.65%,
12/01/29
(a) |
300,000 |
297,955 |
1.50%,
06/03/30
(a) |
375,000 |
301,733 |
2.10%,
05/12/31
(a) |
600,000 |
492,085 |
3.60%,
04/13/32
(a) |
575,000 |
528,136 |
4.70%,
12/01/32
(a) |
400,000 |
397,589 |
American
Honda Finance Corp. | ||
3.50%,
02/15/28
|
100,000 |
93,573 |
2.25%,
01/12/29
|
150,000 |
129,149 |
1.80%,
01/13/31
|
125,000 |
99,490 |
Aptiv
PLC | ||
4.35%,
03/15/29
(a) |
50,000 |
47,203 |
3.25%,
03/01/32
(a) |
200,000 |
164,688 |
AutoNation,
Inc. | ||
1.95%,
08/01/28
(a) |
100,000 |
80,230 |
4.75%,
06/01/30
(a) |
75,000 |
67,333 |
2.40%,
08/01/31
(a) |
100,000 |
72,133 |
3.85%,
03/01/32
(a) |
150,000 |
120,290 |
AutoZone,
Inc. | ||
3.75%,
04/18/29
(a) |
125,000 |
115,984 |
4.00%,
04/15/30
(a) |
150,000 |
139,190 |
1.65%,
01/15/31
(a) |
125,000 |
97,042 |
4.75%,
08/01/32
(a) |
125,000 |
121,613 |
Best
Buy Co., Inc. | ||
4.45%,
10/01/28
(a) |
50,000 |
48,282 |
1.95%,
10/01/30
(a) |
150,000 |
118,726 |
Block
Financial LLC | ||
2.50%,
07/15/28
(a) |
150,000 |
127,633 |
3.88%,
08/15/30
(a) |
100,000 |
87,777 |
Booking
Holdings, Inc. | ||
3.55%,
03/15/28
(a) |
75,000 |
70,049 |
4.63%,
04/13/30
(a) |
350,000 |
339,330 |
CBRE
Services, Inc. | ||
2.50%,
04/01/31
(a) |
100,000 |
79,396 |
Choice
Hotels International, Inc. | ||
3.70%,
12/01/29
(a) |
105,000 |
91,588 |
3.70%,
01/15/31
(a) |
75,000 |
64,032 |
Costco
Wholesale Corp. | ||
1.60%,
04/20/30
(a) |
375,000 |
307,650 |
1.75%,
04/20/32
(a) |
200,000 |
158,396 |
Cummins,
Inc. | ||
1.50%,
09/01/30
(a) |
200,000 |
157,577 |
Daimler
Finance North America LLC | ||
8.50%,
01/18/31
|
300,000 |
371,072 |
Dick's
Sporting Goods, Inc. | ||
3.15%,
01/15/32
(a) |
175,000 |
137,361 |
Dollar
General Corp. | ||
4.13%,
05/01/28
(a) |
50,000 |
47,735 |
3.50%,
04/03/30
(a) |
225,000 |
202,158 |
5.00%,
11/01/32
(a) |
175,000 |
172,592 |
Dollar
Tree, Inc. | ||
4.20%,
05/15/28
(a) |
275,000 |
264,021 |
2.65%,
12/01/31
(a) |
150,000 |
121,443 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
eBay,
Inc. | ||
2.70%,
03/11/30
(a) |
275,000 |
234,218 |
2.60%,
05/10/31
(a) |
175,000 |
144,177 |
Expedia
Group, Inc. | ||
3.80%,
02/15/28
(a) |
200,000 |
183,866 |
3.25%,
02/15/30
(a) |
225,000 |
191,370 |
2.95%,
03/15/31
(a) |
100,000 |
80,702 |
General
Motors Co. | ||
5.00%,
10/01/28
(a) |
150,000 |
144,410 |
5.40%,
10/15/29
(a) |
300,000 |
287,308 |
5.60%,
10/15/32
(a) |
250,000 |
233,536 |
General
Motors Financial Co., Inc. | ||
3.85%,
01/05/28
(a) |
100,000 |
91,678 |
2.40%,
04/10/28
(a) |
275,000 |
232,389 |
2.40%,
10/15/28
(a) |
250,000 |
208,131 |
5.65%,
01/17/29
(a) |
100,000 |
98,374 |
3.60%,
06/21/30
(a) |
300,000 |
252,679 |
2.35%,
01/08/31
(a) |
275,000 |
207,947 |
2.70%,
06/10/31
(a) |
275,000 |
211,797 |
3.10%,
01/12/32
(a) |
25,000 |
19,673 |
Genuine
Parts Co. | ||
1.88%,
11/01/30
(a) |
125,000 |
96,210 |
2.75%,
02/01/32
(a) |
100,000 |
80,555 |
GLP
Capital LP/GLP Financing II, Inc. | ||
5.75%,
06/01/28
(a) |
155,000 |
153,356 |
5.30%,
01/15/29
(a) |
150,000 |
142,158 |
4.00%,
01/15/30
(a) |
100,000 |
87,760 |
4.00%,
01/15/31
(a) |
75,000 |
64,032 |
3.25%,
01/15/32
(a) |
175,000 |
140,250 |
Home
Depot, Inc. | ||
0.90%,
03/15/28
(a) |
100,000 |
83,093 |
1.50%,
09/15/28
(a) |
200,000 |
170,189 |
3.90%,
12/06/28
(a) |
250,000 |
241,147 |
2.95%,
06/15/29
(a) |
369,000 |
334,132 |
2.70%,
04/15/30
(a) |
300,000 |
262,246 |
1.38%,
03/15/31
(a) |
300,000 |
232,768 |
1.88%,
09/15/31
(a) |
200,000 |
160,102 |
3.25%,
04/15/32
(a) |
300,000 |
266,925 |
4.50%,
09/15/32
(a) |
125,000 |
122,631 |
Honda
Motor Co., Ltd. | ||
2.97%,
03/10/32
(a) |
200,000 |
171,946 |
Hyatt
Hotels Corp. | ||
4.38%,
09/15/28
(a) |
110,000 |
101,350 |
6.00%,
04/23/30
(a) |
75,000 |
73,363 |
JD.com,
Inc. | ||
3.38%,
01/14/30
(a) |
200,000 |
175,498 |
Lear
Corp. | ||
4.25%,
05/15/29
(a) |
25,000 |
22,601 |
3.50%,
05/30/30
(a) |
175,000 |
148,005 |
Lowe's
Cos., Inc. | ||
1.30%,
04/15/28
(a) |
175,000 |
145,532 |
1.70%,
09/15/28
(a) |
150,000 |
126,211 |
6.50%,
03/15/29
|
97,000 |
104,635 |
3.65%,
04/05/29
(a) |
300,000 |
277,180 |
4.50%,
04/15/30
(a) |
250,000 |
240,021 |
1.70%,
10/15/30
(a) |
275,000 |
215,321 |
2.63%,
04/01/31
(a) |
300,000 |
248,877 |
3.75%,
04/01/32
(a) |
300,000 |
267,792 |
Magna
International, Inc. | ||
2.45%,
06/15/30
(a) |
175,000 |
144,840 |
Marriott
International, Inc. | ||
4.00%,
04/15/28
(a) |
75,000 |
70,021 |
4.65%,
12/01/28
(a) |
75,000 |
72,141 |
4.63%,
06/15/30
(a) |
225,000 |
210,631 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
2.85%,
04/15/31
(a) |
150,000 |
121,823 |
3.50%,
10/15/32
(a) |
225,000 |
187,665 |
McDonald's
Corp. | ||
3.80%,
04/01/28
(a) |
250,000 |
239,630 |
2.63%,
09/01/29
(a) |
350,000 |
307,502 |
2.13%,
03/01/30
(a) |
100,000 |
83,685 |
3.60%,
07/01/30
(a) |
100,000 |
91,862 |
4.60%,
09/09/32
(a) |
125,000 |
122,582 |
MDC
Holdings, Inc. | ||
3.85%,
01/15/30
(a) |
50,000 |
41,032 |
2.50%,
01/15/31
(a) |
100,000 |
72,257 |
NIKE,
Inc. | ||
2.85%,
03/27/30
(a) |
300,000 |
268,187 |
NVR,
Inc. | ||
3.00%,
05/15/30
(a) |
200,000 |
168,369 |
O'Reilly
Automotive, Inc. | ||
4.35%,
06/01/28
(a) |
100,000 |
97,287 |
3.90%,
06/01/29
(a) |
150,000 |
139,844 |
4.20%,
04/01/30
(a) |
125,000 |
117,962 |
4.70%,
06/15/32
(a) |
200,000 |
194,095 |
Ralph
Lauren Corp. | ||
2.95%,
06/15/30
(a) |
125,000 |
107,921 |
Ross
Stores, Inc. | ||
1.88%,
04/15/31
(a) |
125,000 |
98,419 |
Starbucks
Corp. | ||
3.50%,
03/01/28
(a) |
125,000 |
117,595 |
4.00%,
11/15/28
(a) |
136,000 |
129,786 |
3.55%,
08/15/29
(a) |
225,000 |
207,782 |
2.25%,
03/12/30
(a) |
175,000 |
145,602 |
2.55%,
11/15/30
(a) |
180,000 |
151,596 |
3.00%,
02/14/32
(a) |
225,000 |
192,840 |
Tapestry,
Inc. | ||
3.05%,
03/15/32
(a) |
125,000 |
97,594 |
Target
Corp. | ||
3.38%,
04/15/29
(a) |
200,000 |
186,092 |
2.35%,
02/15/30
(a) |
150,000 |
127,720 |
2.65%,
09/15/30
(a) |
150,000 |
128,996 |
4.50%,
09/15/32
(a) |
175,000 |
170,436 |
TJX
Cos., Inc. | ||
1.15%,
05/15/28
(a) |
125,000 |
104,545 |
3.88%,
04/15/30
(a) |
125,000 |
116,896 |
1.60%,
05/15/31
(a) |
50,000 |
39,041 |
Toll
Brothers Finance Corp. | ||
4.35%,
02/15/28
(a) |
150,000 |
137,196 |
3.80%,
11/01/29
(a) |
25,000 |
21,433 |
Toyota
Motor Corp. | ||
3.67%,
07/20/28
|
100,000 |
95,058 |
2.76%,
07/02/29
|
100,000 |
88,897 |
Toyota
Motor Credit Corp. | ||
3.05%,
01/11/28
|
100,000 |
92,693 |
1.90%,
04/06/28
|
250,000 |
217,882 |
3.65%,
01/08/29
|
125,000 |
117,686 |
2.15%,
02/13/30
|
150,000 |
126,509 |
3.38%,
04/01/30
|
250,000 |
227,654 |
1.65%,
01/10/31
|
150,000 |
118,327 |
1.90%,
09/12/31
|
100,000 |
79,166 |
2.40%,
01/13/32
|
150,000 |
123,305 |
Tractor
Supply Co. | ||
1.75%,
11/01/30
(a) |
125,000 |
96,241 |
VF
Corp. | ||
2.95%,
04/23/30
(a) |
150,000 |
125,012 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
VICI
Properties LP | ||
4.75%,
02/15/28
(a) |
200,000 |
190,683 |
4.95%,
02/15/30
(a) |
200,000 |
188,819 |
5.13%,
05/15/32
(a) |
375,000 |
348,273 |
Walgreens
Boots Alliance, Inc. | ||
3.20%,
04/15/30
(a) |
100,000 |
86,681 |
Walmart,
Inc. | ||
3.70%,
06/26/28
(a) |
350,000 |
338,972 |
1.50%,
09/22/28
(a) |
350,000 |
300,508 |
3.25%,
07/08/29
(a) |
175,000 |
163,704 |
2.38%,
09/24/29
(a) |
100,000 |
87,877 |
7.55%,
02/15/30
|
50,000 |
58,885 |
1.80%,
09/22/31
(a) |
375,000 |
306,084 |
4.15%,
09/09/32
(a) |
150,000 |
146,726 |
|
|
24,011,621 |
Consumer
Non-Cyclical 13.5%
| ||
Abbott
Laboratories | ||
1.15%,
01/30/28
(a) |
75,000 |
63,857 |
1.40%,
06/30/30
(a) |
200,000 |
159,381 |
AbbVie,
Inc. | ||
4.25%,
11/14/28
(a) |
400,000 |
387,135 |
3.20%,
11/21/29
(a) |
1,025,000 |
925,333 |
Adventist
Health System | ||
2.95%,
03/01/29
(a) |
75,000 |
64,231 |
Advocate
Health & Hospitals Corp. | ||
3.83%,
08/15/28
(a) |
100,000 |
93,743 |
2.21%,
06/15/30
(a) |
50,000 |
41,261 |
Agilent
Technologies, Inc. | ||
2.75%,
09/15/29
(a) |
100,000 |
86,314 |
2.10%,
06/04/30
(a) |
50,000 |
40,511 |
2.30%,
03/12/31
(a) |
175,000 |
141,757 |
Ahold
Finance USA LLC | ||
6.88%,
05/01/29
|
100,000 |
104,496 |
Altria
Group, Inc. | ||
4.80%,
02/14/29
(a) |
350,000 |
336,254 |
3.40%,
05/06/30
(a) |
175,000 |
149,625 |
2.45%,
02/04/32
(a) |
350,000 |
264,450 |
AmerisourceBergen
Corp. | ||
2.80%,
05/15/30
(a) |
50,000 |
42,486 |
2.70%,
03/15/31
(a) |
250,000 |
207,806 |
Amgen,
Inc. | ||
1.65%,
08/15/28
(a) |
200,000 |
167,256 |
3.00%,
02/22/29
(a) |
200,000 |
177,586 |
4.05%,
08/18/29
(a) |
300,000 |
281,342 |
2.45%,
02/21/30
(a) |
200,000 |
168,906 |
2.30%,
02/25/31
(a) |
325,000 |
265,113 |
2.00%,
01/15/32
(a) |
300,000 |
234,039 |
3.35%,
02/22/32
(a) |
175,000 |
153,008 |
Anheuser-Busch
InBev Worldwide, Inc. | ||
4.00%,
04/13/28
(a) |
400,000 |
382,307 |
4.75%,
01/23/29
(a) |
945,000 |
934,809 |
3.50%,
06/01/30
(a) |
350,000 |
318,799 |
4.90%,
01/23/31
(a) |
150,000 |
150,246 |
Archer-Daniels-Midland
Co. | ||
3.25%,
03/27/30
(a) |
300,000 |
270,471 |
2.90%,
03/01/32
(a) |
150,000 |
129,263 |
Ascension
Health | ||
2.53%,
11/15/29
(a) |
150,000 |
128,944 |
Astrazeneca
Finance LLC | ||
1.75%,
05/28/28
(a) |
350,000 |
301,019 |
2.25%,
05/28/31
(a) |
50,000 |
41,709 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
AstraZeneca
PLC | ||
4.00%,
01/17/29
(a) |
200,000 |
192,505 |
1.38%,
08/06/30
(a) |
250,000 |
197,991 |
Banner
Health | ||
2.34%,
01/01/30
(a) |
50,000 |
41,843 |
1.90%,
01/01/31
(a) |
75,000 |
59,400 |
BAT
Capital Corp. | ||
2.26%,
03/25/28
(a) |
375,000 |
312,325 |
3.46%,
09/06/29
(a) |
75,000 |
64,397 |
4.91%,
04/02/30
(a) |
275,000 |
252,323 |
2.73%,
03/25/31
(a) |
275,000 |
214,715 |
4.74%,
03/16/32
(a) |
25,000 |
22,260 |
7.75%,
10/19/32
(a) |
150,000 |
161,763 |
BAT
International Finance PLC | ||
4.45%,
03/16/28
(a) |
250,000 |
231,893 |
Baxter
International, Inc. | ||
2.27%,
12/01/28
(a) |
250,000 |
213,707 |
3.95%,
04/01/30
(a) |
125,000 |
114,082 |
1.73%,
04/01/31
(a) |
100,000 |
76,593 |
2.54%,
02/01/32
(a)(e) |
300,000 |
239,404 |
Baylor
Scott & White Holdings | ||
1.78%,
11/15/30
(a) |
75,000 |
58,974 |
Becton
Dickinson & Co. | ||
2.82%,
05/20/30
(a) |
150,000 |
128,878 |
1.96%,
02/11/31
(a) |
100,000 |
79,146 |
4.30%,
08/22/32
(a) |
150,000 |
140,851 |
Biogen,
Inc. | ||
2.25%,
05/01/30
(a) |
325,000 |
264,871 |
Bio-Rad
Laboratories, Inc. | ||
3.70%,
03/15/32
(a) |
175,000 |
150,237 |
Bon
Secours Mercy Health, Inc. | ||
4.30%,
07/01/28
(a) |
50,000 |
47,617 |
3.46%,
06/01/30
(a) |
100,000 |
89,299 |
2.10%,
06/01/31
(a) |
50,000 |
39,077 |
Boston
Scientific Corp. | ||
4.00%,
03/01/28
(a) |
100,000 |
97,019 |
2.65%,
06/01/30
(a) |
225,000 |
193,367 |
Bristol-Myers
Squibb Co. | ||
3.90%,
02/20/28
(a) |
325,000 |
314,150 |
3.40%,
07/26/29
(a) |
400,000 |
371,939 |
1.45%,
11/13/30
(a) |
175,000 |
138,330 |
2.95%,
03/15/32
(a) |
400,000 |
349,213 |
Brunswick
Corp. | ||
2.40%,
08/18/31
(a) |
225,000 |
165,818 |
Bunge
Ltd. Finance Corp. | ||
2.75%,
05/14/31
(a) |
225,000 |
185,167 |
Campbell
Soup Co. | ||
4.15%,
03/15/28
(a) |
175,000 |
167,563 |
2.38%,
04/24/30
(a) |
150,000 |
124,808 |
Cedars-Sinai
Health System | ||
2.29%,
08/15/31
(a) |
75,000 |
60,440 |
CHRISTUS
Health | ||
4.34%,
07/01/28
(a) |
75,000 |
71,675 |
Church
& Dwight Co., Inc. | ||
2.30%,
12/15/31
(a) |
100,000 |
80,264 |
5.60%,
11/15/32
(a) |
50,000 |
51,926 |
Cigna
Corp. | ||
4.38%,
10/15/28
(a) |
775,000 |
748,661 |
2.40%,
03/15/30
(a) |
300,000 |
251,716 |
2.38%,
03/15/31
(a) |
275,000 |
225,388 |
Clorox
Co. | ||
4.40%,
05/01/29
(a) |
150,000 |
144,935 |
1.80%,
05/15/30
(a) |
100,000 |
79,719 |
4.60%,
05/01/32
(a) |
175,000 |
168,484 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Coca-Cola
Co. | ||
1.50%,
03/05/28
|
150,000 |
129,599 |
1.00%,
03/15/28
|
300,000 |
251,622 |
2.13%,
09/06/29
|
175,000 |
149,941 |
3.45%,
03/25/30
|
250,000 |
232,588 |
1.65%,
06/01/30
|
325,000 |
266,004 |
2.00%,
03/05/31
|
175,000 |
144,648 |
1.38%,
03/15/31
|
225,000 |
176,279 |
2.25%,
01/05/32
|
400,000 |
335,380 |
Coca-Cola
Femsa S.A.B. de C.V. | ||
2.75%,
01/22/30
(a) |
350,000 |
305,096 |
Colgate-Palmolive
Co. | ||
3.25%,
08/15/32
(a) |
125,000 |
113,154 |
CommonSpirit
Health | ||
3.35%,
10/01/29
(a) |
145,000 |
126,048 |
2.78%,
10/01/30
(a) |
175,000 |
144,142 |
Conagra
Brands, Inc. | ||
7.00%,
10/01/28
|
100,000 |
106,878 |
4.85%,
11/01/28
(a) |
200,000 |
194,964 |
8.25%,
09/15/30
|
75,000 |
85,467 |
Constellation
Brands, Inc. | ||
3.60%,
02/15/28
(a) |
150,000 |
138,951 |
4.65%,
11/15/28
(a) |
125,000 |
121,034 |
3.15%,
08/01/29
(a) |
75,000 |
65,838 |
2.88%,
05/01/30
(a) |
125,000 |
106,494 |
2.25%,
08/01/31
(a) |
200,000 |
158,955 |
4.75%,
05/09/32
(a) |
150,000 |
144,168 |
CVS
Health Corp. | ||
4.30%,
03/25/28
(a) |
957,000 |
926,277 |
3.25%,
08/15/29
(a) |
300,000 |
268,916 |
3.75%,
04/01/30
(a) |
400,000 |
363,591 |
1.75%,
08/21/30
(a) |
325,000 |
255,905 |
1.88%,
02/28/31
(a) |
150,000 |
117,724 |
2.13%,
09/15/31
(a) |
200,000 |
158,819 |
DENTSPLY
SIRONA, Inc. | ||
3.25%,
06/01/30
(a) |
150,000 |
124,469 |
DH
Europe Finance II Sarl | ||
2.60%,
11/15/29
(a) |
175,000 |
153,433 |
Diageo
Capital PLC | ||
3.88%,
05/18/28
(a) |
200,000 |
190,953 |
2.00%,
04/29/30
(a) |
425,000 |
350,726 |
Edwards
Lifesciences Corp. | ||
4.30%,
06/15/28
(a) |
125,000 |
119,864 |
Eli
Lilly & Co. | ||
3.38%,
03/15/29
(a) |
200,000 |
187,682 |
Estee
Lauder Cos., Inc. | ||
2.38%,
12/01/29
(a) |
200,000 |
172,162 |
2.60%,
04/15/30
(a) |
150,000 |
129,383 |
1.95%,
03/15/31
(a) |
75,000 |
60,748 |
Flowers
Foods, Inc. | ||
2.40%,
03/15/31
(a) |
100,000 |
80,608 |
GE
HealthCare Technologies, Inc. | ||
5.86%,
03/15/30
(a)(d) |
300,000 |
307,963 |
5.91%,
11/22/32
(a)(d) |
300,000 |
311,916 |
General
Mills, Inc. | ||
4.20%,
04/17/28
(a) |
275,000 |
266,184 |
2.88%,
04/15/30
(a) |
125,000 |
108,411 |
2.25%,
10/14/31
(a) |
100,000 |
80,364 |
Gilead
Sciences, Inc. | ||
1.65%,
10/01/30
(a) |
225,000 |
178,816 |
GlaxoSmithKline
Capital PLC | ||
3.38%,
06/01/29
(a) |
200,000 |
184,894 |
GlaxoSmithKline
Capital, Inc. | ||
3.88%,
05/15/28
|
375,000 |
360,730 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
GSK
Consumer Healthcare Capital US LLC | ||
3.63%,
03/24/32
(a) |
450,000 |
396,960 |
Hasbro,
Inc. | ||
3.90%,
11/19/29
(a) |
200,000 |
178,133 |
HCA,
Inc. | ||
5.63%,
09/01/28
(a) |
400,000 |
398,640 |
3.38%,
03/15/29
(a)(d) |
150,000 |
131,871 |
4.13%,
06/15/29
(a) |
400,000 |
366,136 |
3.50%,
09/01/30
(a) |
600,000 |
517,210 |
2.38%,
07/15/31
(a) |
225,000 |
175,187 |
3.63%,
03/15/32
(a)(d) |
375,000 |
317,677 |
Hershey
Co. | ||
1.70%,
06/01/30
(a) |
75,000 |
60,328 |
Hormel
Foods Corp. | ||
1.70%,
06/03/28
(a) |
150,000 |
129,949 |
1.80%,
06/11/30
(a) |
200,000 |
163,461 |
Illumina,
Inc. | ||
2.55%,
03/23/31
(a) |
125,000 |
100,422 |
Ingredion,
Inc. | ||
2.90%,
06/01/30
(a) |
125,000 |
106,135 |
JBS
USA LUX S.A. | ||
5.13%,
02/01/28
(a)(d) |
250,000 |
237,616 |
3.63%,
01/15/32
(a)(d) |
350,000 |
286,162 |
3.00%,
05/15/32
(a)(d) |
300,000 |
230,728 |
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
3.75%,
12/01/31
(a)(d) |
150,000 |
122,547 |
JM
Smucker Co. | ||
2.38%,
03/15/30
(a) |
150,000 |
124,452 |
2.13%,
03/15/32
(a) |
100,000 |
77,831 |
Johnson
& Johnson | ||
2.90%,
01/15/28
(a) |
300,000 |
279,829 |
6.95%,
09/01/29
|
87,000 |
103,015 |
1.30%,
09/01/30
(a) |
350,000 |
282,801 |
Kellogg
Co. | ||
4.30%,
05/15/28
(a) |
75,000 |
73,032 |
2.10%,
06/01/30
(a) |
100,000 |
81,215 |
7.45%,
04/01/31
|
150,000 |
171,140 |
Keurig
Dr Pepper, Inc. | ||
4.60%,
05/25/28
(a) |
225,000 |
220,770 |
3.95%,
04/15/29
(a) |
50,000 |
46,518 |
3.20%,
05/01/30
(a) |
200,000 |
174,469 |
2.25%,
03/15/31
(a) |
75,000 |
60,473 |
4.05%,
04/15/32
(a) |
350,000 |
319,212 |
Kimberly-Clark
Corp. | ||
3.95%,
11/01/28
(a) |
100,000 |
96,568 |
3.20%,
04/25/29
(a) |
135,000 |
123,244 |
3.10%,
03/26/30
(a) |
150,000 |
134,989 |
2.00%,
11/02/31
(a) |
150,000 |
120,891 |
Kraft
Heinz Foods Co. | ||
4.63%,
01/30/29
(a) |
75,000 |
74,348 |
3.75%,
04/01/30
(a) |
150,000 |
137,096 |
4.25%,
03/01/31
(a) |
100,000 |
93,578 |
6.75%,
03/15/32
|
50,000 |
54,486 |
Kroger
Co. | ||
4.50%,
01/15/29
(a) |
125,000 |
120,788 |
2.20%,
05/01/30
(a) |
100,000 |
81,107 |
1.70%,
01/15/31
(a) |
175,000 |
135,192 |
7.50%,
04/01/31
|
50,000 |
56,536 |
Laboratory
Corp. of America Holdings | ||
2.95%,
12/01/29
(a) |
200,000 |
172,313 |
2.70%,
06/01/31
(a) |
50,000 |
41,573 |
McCormick
& Co., Inc. | ||
2.50%,
04/15/30
(a) |
100,000 |
83,600 |
1.85%,
02/15/31
(a) |
100,000 |
77,524 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
McKesson
Corp. | ||
3.95%,
02/16/28
(a) |
75,000 |
71,061 |
Merck
& Co., Inc. | ||
1.90%,
12/10/28
(a) |
200,000 |
172,298 |
3.40%,
03/07/29
(a) |
350,000 |
326,360 |
1.45%,
06/24/30
(a) |
250,000 |
199,886 |
2.15%,
12/10/31
(a) |
400,000 |
327,031 |
Mondelez
International, Inc. | ||
2.75%,
04/13/30
(a) |
175,000 |
151,036 |
1.50%,
02/04/31
(a) |
250,000 |
192,687 |
3.00%,
03/17/32
(a) |
175,000 |
149,469 |
Mylan,
Inc. | ||
4.55%,
04/15/28
(a) |
175,000 |
162,231 |
Novartis
Capital Corp. | ||
2.20%,
08/14/30
(a) |
325,000 |
276,536 |
Ochsner
LSU Health System of North Louisiana | ||
2.51%,
05/15/31
(a) |
75,000 |
54,410 |
OhioHealth
Corp. | ||
2.30%,
11/15/31
(a) |
75,000 |
60,284 |
PepsiCo,
Inc. | ||
3.60%,
02/18/28
(a) |
100,000 |
96,113 |
7.00%,
03/01/29
|
100,000 |
112,714 |
2.63%,
07/29/29
(a) |
200,000 |
176,889 |
2.75%,
03/19/30
(a) |
275,000 |
243,618 |
1.63%,
05/01/30
(a) |
225,000 |
183,752 |
1.40%,
02/25/31
(a) |
150,000 |
118,322 |
1.95%,
10/21/31
(a) |
275,000 |
222,213 |
3.90%,
07/18/32
(a) |
275,000 |
260,339 |
PerkinElmer,
Inc. | ||
3.30%,
09/15/29
(a) |
200,000 |
174,539 |
2.55%,
03/15/31
(a) |
100,000 |
80,958 |
2.25%,
09/15/31
(a) |
150,000 |
117,688 |
Pfizer,
Inc. | ||
3.60%,
09/15/28
(a) |
200,000 |
191,880 |
3.45%,
03/15/29
(a) |
350,000 |
330,140 |
2.63%,
04/01/30
(a) |
250,000 |
219,706 |
1.70%,
05/28/30
(a) |
200,000 |
164,765 |
1.75%,
08/18/31
(a) |
200,000 |
161,106 |
Pharmacia
LLC | ||
6.60%,
12/01/28
|
150,000 |
165,382 |
Philip
Morris International, Inc. | ||
3.13%,
03/02/28
(a)(e) |
150,000 |
136,661 |
3.38%,
08/15/29
(a) |
125,000 |
112,868 |
2.10%,
05/01/30
(a) |
325,000 |
263,740 |
1.75%,
11/01/30
(a) |
125,000 |
98,036 |
5.75%,
11/17/32
(a) |
400,000 |
409,824 |
Piedmont
Healthcare, Inc. | ||
2.04%,
01/01/32
(a) |
75,000 |
57,892 |
Pilgrim's
Pride Corp. | ||
4.25%,
04/15/31
(a)(d) |
200,000 |
170,402 |
3.50%,
03/01/32
(a)(d) |
150,000 |
117,451 |
Procter
& Gamble Co. | ||
3.00%,
03/25/30
|
325,000 |
296,763 |
1.20%,
10/29/30
|
275,000 |
216,308 |
1.95%,
04/23/31
|
175,000 |
146,579 |
2.30%,
02/01/32
|
175,000 |
147,436 |
Providence
St Joseph Health Obligated Group | ||
2.53%,
10/01/29
(a) |
150,000 |
126,638 |
Quest
Diagnostics, Inc. | ||
4.20%,
06/30/29
(a) |
100,000 |
95,720 |
2.95%,
06/30/30
(a) |
150,000 |
130,021 |
2.80%,
06/30/31
(a) |
100,000 |
83,948 |
Regeneron
Pharmaceuticals, Inc. | ||
1.75%,
09/15/30
(a) |
275,000 |
213,336 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Royalty
Pharma PLC | ||
2.20%,
09/02/30
(a) |
250,000 |
195,872 |
2.15%,
09/02/31
(a) |
100,000 |
75,698 |
Rush
Obligated Group | ||
3.92%,
11/15/29
(a) |
75,000 |
68,026 |
Sanofi | ||
3.63%,
06/19/28
(a) |
225,000 |
215,166 |
Smith
& Nephew PLC | ||
2.03%,
10/14/30
(a) |
225,000 |
177,104 |
Stanford
Health Care | ||
3.31%,
08/15/30
(a) |
75,000 |
66,996 |
STERIS
Irish FinCo Unlimited Co. | ||
2.70%,
03/15/31
(a) |
150,000 |
122,114 |
Stryker
Corp. | ||
3.65%,
03/07/28
(a) |
175,000 |
166,493 |
1.95%,
06/15/30
(a) |
125,000 |
101,877 |
Sutter
Health | ||
3.70%,
08/15/28
(a) |
50,000 |
46,004 |
2.29%,
08/15/30
(a) |
175,000 |
141,671 |
Sysco
Corp. | ||
2.40%,
02/15/30
(a) |
90,000 |
75,024 |
5.95%,
04/01/30
(a) |
175,000 |
181,773 |
2.45%,
12/14/31
(a) |
150,000 |
120,642 |
Takeda
Pharmaceutical Co., Ltd. | ||
5.00%,
11/26/28
(a) |
225,000 |
223,534 |
2.05%,
03/31/30
(a) |
500,000 |
408,912 |
Thermo
Fisher Scientific, Inc. | ||
1.75%,
10/15/28
(a) |
125,000 |
106,139 |
2.60%,
10/01/29
(a) |
100,000 |
88,270 |
2.00%,
10/15/31
(a) |
300,000 |
243,081 |
4.95%,
11/21/32
(a) |
100,000 |
101,888 |
Tyson
Foods, Inc. | ||
4.35%,
03/01/29
(a) |
200,000 |
191,414 |
Unilever
Capital Corp. | ||
3.50%,
03/22/28
(a) |
300,000 |
283,223 |
2.13%,
09/06/29
(a) |
200,000 |
169,528 |
1.38%,
09/14/30
(a) |
100,000 |
78,228 |
1.75%,
08/12/31
(a) |
250,000 |
197,601 |
5.90%,
11/15/32
|
100,000 |
108,305 |
Universal
Health Services, Inc. | ||
2.65%,
10/15/30
(a) |
200,000 |
159,638 |
2.65%,
01/15/32
(a) |
100,000 |
76,619 |
Viatris,
Inc. | ||
2.70%,
06/22/30
(a) |
300,000 |
235,521 |
Whirlpool
Corp. | ||
4.75%,
02/26/29
(a) |
140,000 |
136,460 |
2.40%,
05/15/31
(a) |
150,000 |
118,805 |
Zimmer
Biomet Holdings, Inc. | ||
2.60%,
11/24/31
(a) |
175,000 |
141,811 |
Zoetis,
Inc. | ||
3.90%,
08/20/28
(a) |
200,000 |
190,513 |
2.00%,
05/15/30
(a) |
100,000 |
81,416 |
5.60%,
11/16/32
(a) |
100,000 |
103,890 |
|
|
44,280,022 |
Energy
6.1%
| ||
Baker
Hughes a GE Co., LLC/Baker Hughes Co-Obligor,
Inc. | ||
3.14%,
11/07/29
(a) |
100,000 |
88,344 |
4.49%,
05/01/30
(a) |
125,000 |
119,562 |
Boardwalk
Pipelines LP | ||
4.80%,
05/03/29
(a) |
50,000 |
47,149 |
3.40%,
02/15/31
(a) |
225,000 |
189,014 |
3.60%,
09/01/32
(a) |
50,000 |
41,586 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
BP
Capital Markets America, Inc. | ||
3.94%,
09/21/28
(a) |
200,000 |
191,438 |
4.23%,
11/06/28
(a) |
400,000 |
387,884 |
3.63%,
04/06/30
(a) |
250,000 |
229,736 |
1.75%,
08/10/30
(a) |
200,000 |
159,824 |
2.72%,
01/12/32
(a) |
400,000 |
335,197 |
BP
Capital Markets PLC | ||
3.72%,
11/28/28
(a) |
150,000 |
142,277 |
Burlington
Resources LLC | ||
7.20%,
08/15/31
|
100,000 |
113,877 |
7.40%,
12/01/31
|
25,000 |
28,812 |
Canadian
Natural Resources Ltd. | ||
2.95%,
07/15/30
(a) |
175,000 |
147,875 |
7.20%,
01/15/32
|
25,000 |
27,144 |
Cenovus
Energy, Inc. | ||
2.65%,
01/15/32
(a) |
125,000 |
99,903 |
Cheniere
Corpus Christi Holdings LLC | ||
3.70%,
11/15/29
(a) |
300,000 |
272,320 |
Cheniere
Energy Partners LP | ||
4.50%,
10/01/29
(a) |
350,000 |
315,737 |
4.00%,
03/01/31
(a) |
300,000 |
257,907 |
3.25%,
01/31/32
(a) |
200,000 |
160,125 |
Chevron
Corp. | ||
2.24%,
05/11/30
(a) |
300,000 |
257,313 |
Chevron
USA, Inc. | ||
3.85%,
01/15/28
(a) |
75,000 |
72,518 |
3.25%,
10/15/29
(a) |
100,000 |
91,905 |
Conoco
Funding Co. | ||
7.25%,
10/15/31
|
125,000 |
142,916 |
ConocoPhillips
Co. | ||
6.95%,
04/15/29
|
250,000 |
277,035 |
Continental
Resources, Inc. | ||
4.38%,
01/15/28
(a) |
225,000 |
205,095 |
Coterra
Energy, Inc. | ||
4.38%,
03/15/29
(a) |
145,000 |
136,662 |
DCP
Midstream Operating LP | ||
5.13%,
05/15/29
(a) |
100,000 |
96,676 |
8.13%,
08/16/30
|
50,000 |
56,054 |
3.25%,
02/15/32
(a) |
75,000 |
61,942 |
Devon
Energy Corp. | ||
5.88%,
06/15/28
(a)(d) |
54,000 |
54,823 |
4.50%,
01/15/30
(a) |
180,000 |
168,290 |
7.88%,
09/30/31
|
100,000 |
113,796 |
7.95%,
04/15/32
|
75,000 |
85,999 |
Diamondback
Energy, Inc. | ||
3.50%,
12/01/29
(a) |
225,000 |
197,927 |
3.13%,
03/24/31
(a) |
150,000 |
124,744 |
Eastern
Gas Transmission & Storage, Inc. | ||
3.00%,
11/15/29
(a) |
100,000 |
86,856 |
Enable
Midstream Partners LP | ||
4.95%,
05/15/28
(a) |
250,000 |
240,542 |
4.15%,
09/15/29
(a) |
35,000 |
31,649 |
Enbridge,
Inc. | ||
3.13%,
11/15/29
(a) |
225,000 |
196,608 |
Energy
Transfer LP | ||
4.95%,
06/15/28
(a) |
175,000 |
169,456 |
5.25%,
04/15/29
(a) |
325,000 |
315,316 |
3.75%,
05/15/30
(a) |
325,000 |
286,923 |
Enterprise
Products Operating LLC | ||
4.15%,
10/16/28
(a) |
200,000 |
189,594 |
3.13%,
07/31/29
(a) |
235,000 |
207,168 |
2.80%,
01/31/30
(a) |
325,000 |
277,189 |
5.38%,
02/15/78
(a)(b) |
100,000 |
77,827 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
EOG
Resources, Inc. | ||
4.38%,
04/15/30
(a) |
100,000 |
96,967 |
EQT
Corp. | ||
5.70%,
04/01/28
(a) |
100,000 |
99,575 |
5.00%,
01/15/29
(a) |
100,000 |
94,217 |
7.50%,
02/01/30
(a)(f) |
125,000 |
129,731 |
Exxon
Mobil Corp. | ||
2.44%,
08/16/29
(a) |
275,000 |
241,036 |
3.48%,
03/19/30
(a) |
500,000 |
466,633 |
2.61%,
10/15/30
(a) |
275,000 |
240,489 |
Halliburton
Co. | ||
2.92%,
03/01/30
(a) |
225,000 |
193,601 |
Helmerich
and Payne, Inc. | ||
2.90%,
09/29/31
(a) |
125,000 |
101,538 |
Hess
Corp. | ||
7.88%,
10/01/29
|
125,000 |
139,504 |
7.30%,
08/15/31
|
100,000 |
109,077 |
HF
Sinclair Corp. | ||
4.50%,
10/01/30
(a) |
75,000 |
65,951 |
Kinder
Morgan Energy Partners LP | ||
7.40%,
03/15/31
|
50,000 |
54,734 |
7.75%,
03/15/32
|
125,000 |
139,053 |
Kinder
Morgan, Inc. | ||
4.30%,
03/01/28
(a) |
225,000 |
215,968 |
2.00%,
02/15/31
(a) |
150,000 |
116,593 |
7.80%,
08/01/31
|
100,000 |
111,862 |
7.75%,
01/15/32
|
200,000 |
225,466 |
Magellan
Midstream Partners LP | ||
3.25%,
06/01/30
(a) |
100,000 |
87,451 |
Marathon
Oil Corp. | ||
6.80%,
03/15/32
|
125,000 |
128,980 |
Marathon
Petroleum Corp. | ||
3.80%,
04/01/28
(a) |
105,000 |
97,260 |
MPLX
LP | ||
4.00%,
03/15/28
(a) |
300,000 |
279,982 |
4.80%,
02/15/29
(a) |
125,000 |
119,796 |
2.65%,
08/15/30
(a) |
250,000 |
203,229 |
4.95%,
09/01/32
(a) |
225,000 |
211,444 |
National
Fuel Gas Co. | ||
4.75%,
09/01/28
(a) |
50,000 |
47,580 |
2.95%,
03/01/31
(a) |
125,000 |
98,545 |
NOV,
Inc. | ||
3.60%,
12/01/29
(a) |
110,000 |
96,961 |
ONEOK,
Inc. | ||
4.55%,
07/15/28
(a) |
175,000 |
165,747 |
4.35%,
03/15/29
(a) |
250,000 |
232,325 |
3.40%,
09/01/29
(a) |
125,000 |
108,248 |
3.10%,
03/15/30
(a) |
225,000 |
189,237 |
6.35%,
01/15/31
(a) |
105,000 |
107,351 |
Ovintiv,
Inc. | ||
8.13%,
09/15/30
|
100,000 |
110,297 |
7.20%,
11/01/31
|
100,000 |
105,576 |
7.38%,
11/01/31
|
50,000 |
53,798 |
Phillips
66 | ||
3.90%,
03/15/28
(a) |
150,000 |
141,980 |
2.15%,
12/15/30
(a) |
150,000 |
120,198 |
Phillips
66 Partners LP | ||
3.75%,
03/01/28
(a) |
75,000 |
69,317 |
3.15%,
12/15/29
(a)(d) |
125,000 |
109,413 |
Pioneer
Natural Resources Co. | ||
1.90%,
08/15/30
(a) |
300,000 |
236,038 |
2.15%,
01/15/31
(a) |
150,000 |
119,116 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Plains
All American Pipeline LP/PAA Finance Corp. | ||
3.55%,
12/15/29
(a) |
175,000 |
152,234 |
3.80%,
09/15/30
(a) |
200,000 |
174,331 |
Sabine
Pass Liquefaction LLC | ||
4.20%,
03/15/28
(a) |
350,000 |
329,490 |
4.50%,
05/15/30
(a) |
350,000 |
325,577 |
Schlumberger
Investment S.A. | ||
2.65%,
06/26/30
(a) |
175,000 |
150,362 |
Shell
International Finance BV | ||
3.88%,
11/13/28
(a) |
300,000 |
289,157 |
2.38%,
11/07/29
(a) |
265,000 |
229,495 |
2.75%,
04/06/30
(a) |
400,000 |
352,064 |
Suncor
Energy, Inc. | ||
7.15%,
02/01/32
|
100,000 |
107,777 |
Targa
Resources Partners LP/Targa Resources Partners Finance
Corp. | ||
5.00%,
01/15/28
(a) |
175,000 |
167,352 |
6.88%,
01/15/29
(a) |
100,000 |
101,174 |
5.50%,
03/01/30
(a) |
250,000 |
236,070 |
4.88%,
02/01/31
(a) |
150,000 |
135,664 |
4.00%,
01/15/32
(a) |
200,000 |
168,331 |
Tennessee
Gas Pipeline Co. LLC | ||
7.00%,
10/15/28
|
125,000 |
133,751 |
Texas
Eastern Transmission LP | ||
7.00%,
07/15/32
|
100,000 |
110,584 |
Tosco
Corp. | ||
8.13%,
02/15/30
|
150,000 |
175,881 |
TotalEnergies
Capital International S.A. | ||
3.46%,
02/19/29
(a) |
300,000 |
278,921 |
2.83%,
01/10/30
(a) |
225,000 |
199,113 |
TotalEnergies
Capital S.A. | ||
3.88%,
10/11/28
|
200,000 |
193,624 |
TransCanada
PipeLines Ltd. | ||
4.25%,
05/15/28
(a) |
325,000 |
308,944 |
4.10%,
04/15/30
(a) |
250,000 |
229,381 |
2.50%,
10/12/31
(a) |
175,000 |
139,415 |
Transcontinental
Gas Pipe Line Co. LLC | ||
4.00%,
03/15/28
(a) |
175,000 |
164,817 |
3.25%,
05/15/30
(a) |
100,000 |
87,046 |
Valero
Energy Corp. | ||
4.35%,
06/01/28
(a) |
150,000 |
145,024 |
4.00%,
04/01/29
(a) |
75,000 |
70,726 |
2.80%,
12/01/31
(a) |
75,000 |
61,318 |
7.50%,
04/15/32
|
150,000 |
169,210 |
Valero
Energy Partners LP | ||
4.50%,
03/15/28
(a) |
100,000 |
97,218 |
Williams
Cos., Inc. | ||
3.50%,
11/15/30
(a) |
150,000 |
131,665 |
2.60%,
03/15/31
(a) |
350,000 |
284,392 |
8.75%,
03/15/32
|
100,000 |
119,341 |
4.65%,
08/15/32
(a) |
250,000 |
233,964 |
|
|
19,913,811 |
Industrial
Other 0.2%
| ||
Cintas
Corp. No. 2 | ||
4.00%,
05/01/32
(a) |
125,000 |
117,721 |
Emory
University | ||
2.14%,
09/01/30
(a) |
100,000 |
82,725 |
Quanta
Services, Inc. | ||
2.90%,
10/01/30
(a) |
225,000 |
186,015 |
2.35%,
01/15/32
(a) |
150,000 |
114,321 |
Yale
University | ||
1.48%,
04/15/30
(a) |
100,000 |
80,182 |
|
|
580,964 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Technology
9.8%
| ||
Adobe,
Inc. | ||
2.30%,
02/01/30
(a) |
275,000 |
234,907 |
Advanced
Micro Devices, Inc. | ||
3.92%,
06/01/32
(a) |
100,000 |
93,313 |
Alphabet,
Inc. | ||
1.10%,
08/15/30
(a) |
425,000 |
334,444 |
Amdocs
Ltd. | ||
2.54%,
06/15/30
(a) |
125,000 |
101,847 |
Analog
Devices, Inc. | ||
1.70%,
10/01/28
(a) |
150,000 |
127,293 |
2.10%,
10/01/31
(a) |
225,000 |
182,255 |
Apple
Inc. | ||
1.20%,
02/08/28
(a) |
450,000 |
382,556 |
1.40%,
08/05/28
(a) |
525,000 |
445,442 |
3.25%,
08/08/29
(a) |
200,000 |
185,588 |
2.20%,
09/11/29
(a) |
400,000 |
346,003 |
1.65%,
05/11/30
(a) |
400,000 |
328,255 |
1.25%,
08/20/30
(a) |
300,000 |
236,544 |
1.65%,
02/08/31
(a) |
625,000 |
503,838 |
3.35%,
08/08/32
(a) |
300,000 |
272,803 |
Applied
Materials, Inc. | ||
1.75%,
06/01/30
(a) |
100,000 |
81,643 |
Arrow
Electronics, Inc. | ||
3.88%,
01/12/28
(a) |
175,000 |
159,576 |
2.95%,
02/15/32
(a) |
50,000 |
39,544 |
Autodesk,
Inc. | ||
2.85%,
01/15/30
(a) |
135,000 |
116,260 |
2.40%,
12/15/31
(a) |
175,000 |
140,453 |
Automatic
Data Processing, Inc. | ||
1.70%,
05/15/28
(a) |
150,000 |
130,433 |
1.25%,
09/01/30
(a) |
175,000 |
136,809 |
Avnet,
Inc. | ||
3.00%,
05/15/31
(a) |
50,000 |
38,807 |
5.50%,
06/01/32
(a) |
75,000 |
69,340 |
Baidu,
Inc. | ||
3.43%,
04/07/30
(a) |
200,000 |
173,995 |
2.38%,
10/09/30
(a) |
200,000 |
159,388 |
Broadcom
Corp./Broadcom Cayman Finance Ltd. | ||
3.50%,
01/15/28
(a) |
200,000 |
182,567 |
Broadcom,
Inc. | ||
1.95%,
02/15/28
(a)(d) |
100,000 |
84,656 |
4.11%,
09/15/28
(a) |
350,000 |
326,914 |
4.00%,
04/15/29
(a)(d) |
200,000 |
182,102 |
4.75%,
04/15/29
(a) |
360,000 |
343,827 |
5.00%,
04/15/30
(a) |
150,000 |
142,327 |
4.15%,
11/15/30
(a) |
365,000 |
327,674 |
2.45%,
02/15/31
(a)(d) |
450,000 |
354,933 |
4.15%,
04/15/32
(a)(d) |
250,000 |
220,143 |
4.30%,
11/15/32
(a) |
300,000 |
265,295 |
Broadridge
Financial Solutions, Inc. | ||
2.90%,
12/01/29
(a) |
150,000 |
127,198 |
2.60%,
05/01/31
(a) |
225,000 |
183,661 |
CDW
LLC/CDW Finance Corp. | ||
4.25%,
04/01/28
(a) |
200,000 |
184,334 |
3.28%,
12/01/28
(a) |
150,000 |
128,918 |
3.25%,
02/15/29
(a) |
100,000 |
85,399 |
3.57%,
12/01/31
(a) |
125,000 |
103,439 |
CGI,
Inc. | ||
2.30%,
09/14/31
(a) |
100,000 |
75,837 |
Dell
International LLC/EMC Corp. | ||
5.30%,
10/01/29
(a) |
380,000 |
371,685 |
6.20%,
07/15/30
(a) |
100,000 |
102,054 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Dell,
Inc. | ||
7.10%,
04/15/28
|
100,000 |
107,566 |
DXC
Technology Co. | ||
2.38%,
09/15/28
(a) |
150,000 |
126,398 |
Equifax,
Inc. | ||
3.10%,
05/15/30
(a) |
150,000 |
126,616 |
2.35%,
09/15/31
(a) |
175,000 |
136,006 |
Equinix,
Inc. | ||
1.55%,
03/15/28
(a) |
100,000 |
82,905 |
2.00%,
05/15/28
(a) |
50,000 |
42,249 |
3.20%,
11/18/29
(a) |
150,000 |
130,828 |
2.15%,
07/15/30
(a) |
200,000 |
159,771 |
2.50%,
05/15/31
(a) |
300,000 |
241,108 |
3.90%,
04/15/32
(a) |
350,000 |
310,599 |
FactSet
Research Systems, Inc. | ||
3.45%,
03/01/32
(a) |
125,000 |
105,736 |
Fidelity
National Information Services, Inc. | ||
1.65%,
03/01/28
(a) |
150,000 |
124,966 |
3.75%,
05/21/29
(a) |
225,000 |
205,692 |
2.25%,
03/01/31
(a) |
250,000 |
196,996 |
5.10%,
07/15/32
(a) |
75,000 |
72,448 |
Fiserv,
Inc. | ||
4.20%,
10/01/28
(a) |
175,000 |
165,854 |
3.50%,
07/01/29
(a) |
700,000 |
631,333 |
2.65%,
06/01/30
(a) |
150,000 |
126,034 |
Flex
Ltd. | ||
4.88%,
06/15/29
(a) |
150,000 |
141,442 |
4.88%,
05/12/30
(a) |
150,000 |
140,717 |
Fortinet,
Inc. | ||
2.20%,
03/15/31
(a) |
125,000 |
96,452 |
Global
Payments, Inc. | ||
4.45%,
06/01/28
(a) |
100,000 |
93,184 |
3.20%,
08/15/29
(a) |
280,000 |
239,484 |
2.90%,
05/15/30
(a) |
225,000 |
184,957 |
2.90%,
11/15/31
(a) |
200,000 |
158,203 |
5.40%,
08/15/32
(a) |
175,000 |
167,115 |
HP,
Inc. | ||
4.75%,
01/15/28
(a) |
25,000 |
24,315 |
4.00%,
04/15/29
(a) |
225,000 |
206,240 |
3.40%,
06/17/30
(a) |
250,000 |
212,062 |
2.65%,
06/17/31
(a) |
275,000 |
214,728 |
4.20%,
04/15/32
(a) |
150,000 |
129,013 |
Intel
Corp. | ||
1.60%,
08/12/28
(a) |
150,000 |
127,598 |
4.00%,
08/05/29
(a) |
150,000 |
143,216 |
2.45%,
11/15/29
(a) |
400,000 |
343,527 |
3.90%,
03/25/30
(a) |
275,000 |
258,233 |
2.00%,
08/12/31
(a) |
300,000 |
238,410 |
4.15%,
08/05/32
(a) |
375,000 |
351,056 |
International
Business Machines Corp. | ||
6.50%,
01/15/28
|
135,000 |
145,031 |
3.50%,
05/15/29
|
750,000 |
689,783 |
1.95%,
05/15/30
(a) |
300,000 |
244,797 |
2.72%,
02/09/32
(a) |
100,000 |
84,017 |
4.40%,
07/27/32
(a) |
100,000 |
95,466 |
Intuit,
Inc. | ||
1.65%,
07/15/30
(a) |
100,000 |
80,622 |
Jabil,
Inc. | ||
3.95%,
01/12/28
(a) |
100,000 |
93,334 |
3.60%,
01/15/30
(a) |
85,000 |
74,743 |
3.00%,
01/15/31
(a) |
150,000 |
124,552 |
Juniper
Networks, Inc. | ||
3.75%,
08/15/29
(a) |
125,000 |
111,601 |
2.00%,
12/10/30
(a) |
75,000 |
57,232 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Keysight
Technologies, Inc. | ||
3.00%,
10/30/29
(a) |
125,000 |
108,671 |
KLA
Corp. | ||
4.10%,
03/15/29
(a) |
225,000 |
217,862 |
4.65%,
07/15/32
(a) |
150,000 |
147,208 |
Kyndryl
Holdings, Inc. | ||
2.70%,
10/15/28
(a) |
125,000 |
94,295 |
3.15%,
10/15/31
(a) |
125,000 |
84,001 |
Lam
Research Corp. | ||
4.00%,
03/15/29
(a) |
150,000 |
142,974 |
1.90%,
06/15/30
(a) |
225,000 |
183,434 |
Leidos,
Inc. | ||
4.38%,
05/15/30
(a) |
250,000 |
226,048 |
2.30%,
02/15/31
(a) |
125,000 |
95,938 |
Marvell
Technology, Inc. | ||
2.45%,
04/15/28
(a) |
125,000 |
105,413 |
4.88%,
06/22/28
(a) |
100,000 |
95,241 |
2.95%,
04/15/31
(a) |
200,000 |
160,989 |
Mastercard,
Inc. | ||
3.50%,
02/26/28
(a) |
50,000 |
47,561 |
2.95%,
06/01/29
(a) |
225,000 |
203,630 |
3.35%,
03/26/30
(a) |
325,000 |
298,148 |
1.90%,
03/15/31
(a) |
100,000 |
81,368 |
2.00%,
11/18/31
(a) |
150,000 |
121,076 |
Micron
Technology, Inc. | ||
5.33%,
02/06/29
(a) |
125,000 |
120,125 |
6.75%,
11/01/29
(a) |
100,000 |
101,839 |
4.66%,
02/15/30
(a) |
225,000 |
204,300 |
2.70%,
04/15/32
(a) |
225,000 |
169,011 |
Moody's
Corp. | ||
3.25%,
01/15/28
(a) |
125,000 |
115,684 |
4.25%,
02/01/29
(a) |
50,000 |
48,017 |
2.00%,
08/19/31
(a) |
100,000 |
79,439 |
4.25%,
08/08/32
(a) |
100,000 |
93,801 |
Motorola
Solutions, Inc. | ||
4.60%,
02/23/28
(a) |
250,000 |
242,997 |
4.60%,
05/23/29
(a) |
125,000 |
118,981 |
2.30%,
11/15/30
(a) |
200,000 |
157,077 |
2.75%,
05/24/31
(a) |
200,000 |
159,939 |
5.60%,
06/01/32
(a) |
100,000 |
97,760 |
NetApp,
Inc. | ||
2.70%,
06/22/30
(a) |
150,000 |
123,349 |
NVIDIA
Corp. | ||
1.55%,
06/15/28
(a) |
250,000 |
213,936 |
2.85%,
04/01/30
(a) |
300,000 |
262,442 |
2.00%,
06/15/31
(a) |
175,000 |
140,712 |
NXP
BV/NXP Funding LLC | ||
5.55%,
12/01/28
(a) |
125,000 |
125,529 |
NXP
BV/NXP Funding LLC/NXP USA, Inc. | ||
4.30%,
06/18/29
(a) |
100,000 |
92,776 |
3.40%,
05/01/30
(a) |
275,000 |
237,819 |
2.50%,
05/11/31
(a) |
200,000 |
158,705 |
2.65%,
02/15/32
(a) |
200,000 |
156,746 |
Oracle
Corp. | ||
2.30%,
03/25/28
(a) |
400,000 |
347,253 |
6.15%,
11/09/29
(a) |
200,000 |
208,103 |
2.95%,
04/01/30
(a) |
550,000 |
470,185 |
3.25%,
05/15/30
(a) |
150,000 |
130,372 |
2.88%,
03/25/31
(a) |
650,000 |
539,894 |
6.25%,
11/09/32
(a) |
525,000 |
551,929 |
PayPal
Holdings, Inc. | ||
2.85%,
10/01/29
(a) |
225,000 |
196,306 |
2.30%,
06/01/30
(a) |
325,000 |
267,068 |
4.40%,
06/01/32
(a) |
175,000 |
165,231 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Qorvo,
Inc. | ||
4.38%,
10/15/29
(a) |
200,000 |
176,996 |
QUALCOMM,
Inc. | ||
1.30%,
05/20/28
(a) |
200,000 |
169,683 |
2.15%,
05/20/30
(a) |
175,000 |
148,042 |
1.65%,
05/20/32
(a) |
250,000 |
193,210 |
4.25%,
05/20/32
(a) |
125,000 |
120,727 |
RELX
Capital, Inc. | ||
4.00%,
03/18/29
(a) |
260,000 |
241,428 |
3.00%,
05/22/30
(a) |
100,000 |
85,411 |
4.75%,
05/20/32
(a) |
100,000 |
96,206 |
S&P
Global, Inc. | ||
4.75%,
08/01/28
(a)(d) |
200,000 |
197,925 |
2.70%,
03/01/29
(a)(d) |
250,000 |
220,295 |
4.25%,
05/01/29
(a)(d) |
200,000 |
191,187 |
2.50%,
12/01/29
(a) |
100,000 |
85,702 |
2.90%,
03/01/32
(a)(d) |
325,000 |
277,642 |
Salesforce,
Inc. | ||
3.70%,
04/11/28
(a) |
300,000 |
288,560 |
1.50%,
07/15/28
(a) |
125,000 |
106,932 |
1.95%,
07/15/31
(a) |
325,000 |
260,545 |
ServiceNow,
Inc. | ||
1.40%,
09/01/30
(a) |
325,000 |
248,515 |
Skyworks
Solutions, Inc. | ||
3.00%,
06/01/31
(a) |
125,000 |
98,185 |
TD
SYNNEX Corp. | ||
2.38%,
08/09/28
(a) |
125,000 |
101,584 |
2.65%,
08/09/31
(a) |
125,000 |
94,825 |
Teledyne
FLIR LLC | ||
2.50%,
08/01/30
(a) |
125,000 |
101,368 |
Texas
Instruments, Inc. | ||
2.25%,
09/04/29
(a) |
150,000 |
130,004 |
1.75%,
05/04/30
(a) |
75,000 |
61,858 |
1.90%,
09/15/31
(a) |
150,000 |
121,685 |
3.65%,
08/16/32
(a) |
150,000 |
139,137 |
Trimble,
Inc. | ||
4.90%,
06/15/28
(a) |
125,000 |
120,288 |
TSMC
Arizona Corp. | ||
2.50%,
10/25/31
(a) |
275,000 |
226,424 |
4.25%,
04/22/32
(a) |
250,000 |
241,185 |
Tyco
Electronics Group S.A. | ||
2.50%,
02/04/32
(a) |
100,000 |
82,647 |
VeriSign,
Inc. | ||
2.70%,
06/15/31
(a) |
175,000 |
143,587 |
Verisk
Analytics, Inc. | ||
4.13%,
03/15/29
(a) |
125,000 |
116,928 |
Visa,
Inc. | ||
2.05%,
04/15/30
(a) |
200,000 |
169,675 |
1.10%,
02/15/31
(a) |
200,000 |
154,083 |
VMware,
Inc. | ||
1.80%,
08/15/28
(a) |
150,000 |
122,680 |
4.70%,
05/15/30
(a) |
200,000 |
186,697 |
2.20%,
08/15/31
(a) |
275,000 |
209,071 |
Western
Digital Corp. | ||
2.85%,
02/01/29
(a) |
100,000 |
77,589 |
3.10%,
02/01/32
(a) |
125,000 |
90,244 |
Western
Union Co. | ||
2.75%,
03/15/31
(a) |
75,000 |
56,917 |
Workday,
Inc. | ||
3.70%,
04/01/29
(a) |
250,000 |
229,616 |
3.80%,
04/01/32
(a) |
175,000 |
154,673 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Xilinx,
Inc. | ||
2.38%,
06/01/30
(a) |
175,000 |
147,511 |
|
|
32,177,183 |
Transportation
1.7%
| ||
American
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%,
01/15/28
|
142,876 |
127,979 |
American
Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%,
06/15/28
|
89,938 |
78,575 |
American
Airlines 2016-3 Class AA Pass-Through Trust | ||
3.00%,
10/15/28
|
72,215 |
63,582 |
American
Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%,
02/15/29
|
91,719 |
82,006 |
American
Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%,
10/15/29
|
18,911 |
16,484 |
American
Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%,
02/15/32
|
86,443 |
72,367 |
Canadian
National Railway Co. | ||
6.90%,
07/15/28
|
160,000 |
176,895 |
3.85%,
08/05/32
(a) |
100,000 |
93,005 |
Canadian
Pacific Railway Co. | ||
4.00%,
06/01/28
(a) |
100,000 |
95,748 |
2.05%,
03/05/30
(a) |
125,000 |
102,526 |
7.13%,
10/15/31
|
50,000 |
55,652 |
2.45%,
12/02/31
(a) |
300,000 |
249,844 |
CH
Robinson Worldwide, Inc. | ||
4.20%,
04/15/28
(a) |
130,000 |
123,021 |
CSX
Corp. | ||
3.80%,
03/01/28
(a) |
200,000 |
191,065 |
4.25%,
03/15/29
(a) |
200,000 |
192,396 |
4.10%,
11/15/32
(a) |
200,000 |
187,679 |
Delta
Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%,
06/10/28
|
148,840 |
127,692 |
FedEx
Corp. | ||
3.40%,
02/15/28
(a) |
75,000 |
69,467 |
4.20%,
10/17/28
(a) |
100,000 |
95,333 |
3.10%,
08/05/29
(a) |
170,000 |
149,801 |
4.25%,
05/15/30
(a) |
150,000 |
141,529 |
2.40%,
05/15/31
(a) |
175,000 |
141,579 |
GXO
Logistics, Inc. | ||
2.65%,
07/15/31
(a) |
100,000 |
74,169 |
JetBlue
2019-1 Class AA Pass-Through Trust | ||
2.75%,
05/15/32
|
86,588 |
71,409 |
JetBlue
2020-1 Class A Pass-Through Trust | ||
Series
1A
4.00%,
11/15/32
|
86,913 |
77,253 |
Kansas
City Southern | ||
2.88%,
11/15/29
(a) |
100,000 |
86,577 |
Kirby
Corp. | ||
4.20%,
03/01/28
(a) |
105,000 |
96,042 |
Norfolk
Southern Corp. | ||
3.80%,
08/01/28
(a) |
175,000 |
167,094 |
2.55%,
11/01/29
(a) |
125,000 |
107,339 |
2.30%,
05/15/31
(a) |
75,000 |
61,835 |
3.00%,
03/15/32
(a) |
75,000 |
64,287 |
Southwest
Airlines Co. | ||
2.63%,
02/10/30
(a) |
110,000 |
91,413 |
Spirit
Airlines Pass-Through Trust 2015-1A | ||
4.10%,
04/01/28
|
30,576 |
26,830 |
Triton
Container International Ltd./TAL International Container
Corp. | ||
3.25%,
03/15/32
(a) |
150,000 |
115,932 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Union
Pacific Corp. | ||
3.95%,
09/10/28
(a) |
200,000 |
192,482 |
6.63%,
02/01/29
|
75,000 |
82,075 |
3.70%,
03/01/29
(a) |
100,000 |
94,482 |
2.40%,
02/05/30
(a) |
75,000 |
64,283 |
2.38%,
05/20/31
(a) |
300,000 |
252,450 |
2.80%,
02/14/32
(a) |
275,000 |
236,955 |
United
Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%,
07/07/28
|
220,851 |
196,902 |
United
Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%,
10/07/28
|
183,923 |
157,349 |
United
Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%,
03/01/30
|
101,139 |
87,270 |
United
Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%,
08/25/31
|
38,660 |
34,295 |
United
Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%,
05/01/32
|
44,226 |
35,818 |
United
Parcel Service, Inc. | ||
3.40%,
03/15/29
(a) |
125,000 |
116,456 |
2.50%,
09/01/29
(a) |
125,000 |
108,977 |
4.45%,
04/01/30
(a) |
100,000 |
98,598 |
|
|
5,432,797 |
|
|
182,025,665 |
| ||
Utility
7.5%
| ||
Electric
6.7%
| ||
AEP
Texas, Inc. | ||
3.95%,
06/01/28
(a) |
100,000 |
93,849 |
2.10%,
07/01/30
(a) |
150,000 |
121,705 |
4.70%,
05/15/32
(a) |
125,000 |
120,132 |
AES
Corp. | ||
2.45%,
01/15/31
(a) |
225,000 |
178,964 |
Alabama
Power Co. | ||
1.45%,
09/15/30
(a) |
100,000 |
78,039 |
3.05%,
03/15/32
(a) |
125,000 |
108,059 |
3.94%,
09/01/32
(a) |
100,000 |
91,890 |
Ameren
Corp. | ||
1.75%,
03/15/28
(a) |
150,000 |
127,518 |
3.50%,
01/15/31
(a) |
200,000 |
177,010 |
Ameren
Illinois Co. | ||
3.80%,
05/15/28
(a) |
35,000 |
33,383 |
1.55%,
11/15/30
(a) |
100,000 |
78,854 |
American
Electric Power Co., Inc. | ||
4.30%,
12/01/28
(a) |
125,000 |
119,556 |
2.30%,
03/01/30
(a) |
150,000 |
123,054 |
5.95%,
11/01/32
(a) |
75,000 |
78,539 |
Appalachian
Power Co. | ||
2.70%,
04/01/31
(a) |
75,000 |
61,828 |
4.50%,
08/01/32
(a) |
125,000 |
117,189 |
Arizona
Public Service Co. | ||
2.60%,
08/15/29
(a) |
125,000 |
104,877 |
2.20%,
12/15/31
(a) |
125,000 |
95,561 |
Atlantic
City Electric Co. | ||
2.30%,
03/15/31
(a) |
100,000 |
81,491 |
Avangrid,
Inc. | ||
3.80%,
06/01/29
(a) |
150,000 |
136,509 |
Baltimore
Gas and Electric Co. | ||
2.25%,
06/15/31
(a) |
125,000 |
101,619 |
Berkshire
Hathaway Energy Co. | ||
3.25%,
04/15/28
(a) |
125,000 |
115,982 |
3.70%,
07/15/30
(a) |
200,000 |
183,549 |
1.65%,
05/15/31
(a) |
125,000 |
96,914 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Black
Hills Corp. | ||
3.05%,
10/15/29
(a) |
75,000 |
63,949 |
2.50%,
06/15/30
(a) |
100,000 |
80,683 |
CenterPoint
Energy Houston Electric LLC | ||
2.35%,
04/01/31
(a) |
75,000 |
62,546 |
4.45%,
10/01/32
(a) |
100,000 |
96,830 |
CenterPoint
Energy, Inc. | ||
4.25%,
11/01/28
(a) |
20,000 |
18,880 |
2.95%,
03/01/30
(a) |
105,000 |
90,413 |
2.65%,
06/01/31
(a) |
150,000 |
123,925 |
CMS
Energy Corp. | ||
4.75%,
06/01/50
(a)(b) |
125,000 |
109,175 |
3.75%,
12/01/50
(a)(b) |
75,000 |
56,914 |
Commonwealth
Edison Co. | ||
3.70%,
08/15/28
(a) |
25,000 |
23,584 |
2.20%,
03/01/30
(a) |
85,000 |
71,454 |
3.15%,
03/15/32
(a) |
50,000 |
43,917 |
Connecticut
Light and Power Co. | ||
2.05%,
07/01/31
(a) |
100,000 |
80,796 |
Consolidated
Edison Co. of New York, Inc. | ||
3.80%,
05/15/28
(a) |
25,000 |
23,770 |
4.00%,
12/01/28
(a) |
83,000 |
79,489 |
3.35%,
04/01/30
(a) |
100,000 |
89,967 |
2.40%,
06/15/31
(a) |
225,000 |
184,940 |
Consumers
Energy Co. | ||
3.80%,
11/15/28
(a) |
75,000 |
71,254 |
Dominion
Energy South Carolina, Inc. | ||
2.30%,
12/01/31
(a) |
75,000 |
60,545 |
6.63%,
02/01/32
|
50,000 |
55,066 |
Dominion
Energy, Inc. | ||
4.25%,
06/01/28
(a) |
100,000 |
95,478 |
3.38%,
04/01/30
(a) |
225,000 |
198,570 |
2.25%,
08/15/31
(a) |
200,000 |
159,199 |
4.35%,
08/15/32
(a) |
50,000 |
46,551 |
5.38%,
11/15/32
(a) |
200,000 |
198,972 |
DTE
Electric Co. | ||
1.90%,
04/01/28
(a) |
150,000 |
130,469 |
2.25%,
03/01/30
(a) |
100,000 |
84,405 |
2.63%,
03/01/31
(a) |
100,000 |
85,086 |
3.00%,
03/01/32
(a) |
100,000 |
86,537 |
DTE
Energy Co. | ||
3.40%,
06/15/29
(a) |
100,000 |
89,173 |
2.95%,
03/01/30
(a) |
100,000 |
85,375 |
Duke
Energy Carolinas LLC | ||
3.95%,
11/15/28
(a) |
50,000 |
48,135 |
6.00%,
12/01/28
|
75,000 |
80,299 |
2.45%,
08/15/29
(a) |
125,000 |
107,677 |
2.45%,
02/01/30
(a) |
100,000 |
85,490 |
2.55%,
04/15/31
(a) |
150,000 |
125,627 |
2.85%,
03/15/32
(a) |
100,000 |
84,670 |
6.45%,
10/15/32
|
50,000 |
54,034 |
Duke
Energy Corp. | ||
4.30%,
03/15/28
(a) |
150,000 |
144,790 |
3.40%,
06/15/29
(a) |
110,000 |
98,831 |
2.45%,
06/01/30
(a) |
125,000 |
103,133 |
2.55%,
06/15/31
(a) |
225,000 |
183,957 |
4.50%,
08/15/32
(a) |
250,000 |
235,341 |
Duke
Energy Florida LLC | ||
3.80%,
07/15/28
(a) |
125,000 |
118,885 |
2.50%,
12/01/29
(a) |
200,000 |
171,568 |
1.75%,
06/15/30
(a) |
100,000 |
79,842 |
2.40%,
12/15/31
(a) |
150,000 |
122,419 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
Duke
Energy Ohio, Inc. | ||
3.65%,
02/01/29
(a) |
100,000 |
93,316 |
2.13%,
06/01/30
(a) |
75,000 |
61,518 |
Duke
Energy Progress LLC | ||
3.70%,
09/01/28
(a) |
100,000 |
94,263 |
3.45%,
03/15/29
(a) |
150,000 |
138,362 |
2.00%,
08/15/31
(a) |
150,000 |
119,110 |
Edison
International | ||
4.13%,
03/15/28
(a) |
100,000 |
92,870 |
6.95%,
11/15/29
(a) |
100,000 |
104,943 |
Emera
US Finance LP | ||
2.64%,
06/15/31
(a) |
100,000 |
78,517 |
Enel
Chile S.A. | ||
4.88%,
06/12/28
(a) |
220,000 |
214,943 |
Entergy
Arkansas LLC | ||
4.00%,
06/01/28
(a) |
75,000 |
71,215 |
Entergy
Corp. | ||
1.90%,
06/15/28
(a) |
175,000 |
148,360 |
2.80%,
06/15/30
(a) |
175,000 |
147,718 |
2.40%,
06/15/31
(a) |
175,000 |
139,037 |
Entergy
Louisiana LLC | ||
3.25%,
04/01/28
(a) |
100,000 |
91,300 |
1.60%,
12/15/30
(a) |
50,000 |
38,527 |
3.05%,
06/01/31
(a) |
25,000 |
21,481 |
Entergy
Mississippi LLC | ||
2.85%,
06/01/28
(a) |
50,000 |
44,466 |
Entergy
Texas, Inc. | ||
4.00%,
03/30/29
(a) |
75,000 |
71,046 |
1.75%,
03/15/31
(a) |
100,000 |
78,557 |
Evergy
Metro, Inc. | ||
2.25%,
06/01/30
(a) |
75,000 |
61,875 |
Evergy,
Inc. | ||
2.90%,
09/15/29
(a) |
175,000 |
151,501 |
Eversource
Energy | ||
3.30%,
01/15/28
(a) |
100,000 |
92,490 |
4.25%,
04/01/29
(a) |
150,000 |
142,065 |
1.65%,
08/15/30
(a) |
100,000 |
77,907 |
2.55%,
03/15/31
(a) |
50,000 |
41,272 |
3.38%,
03/01/32
(a) |
75,000 |
65,296 |
Exelon
Corp. | ||
4.05%,
04/15/30
(a) |
275,000 |
256,318 |
3.35%,
03/15/32
(a) |
175,000 |
152,475 |
Florida
Power & Light Co. | ||
2.45%,
02/03/32
(a) |
300,000 |
251,191 |
Georgia
Power Co. | ||
2.65%,
09/15/29
(a) |
145,000 |
123,925 |
4.70%,
05/15/32
(a) |
100,000 |
96,474 |
Indiana
Michigan Power Co. | ||
3.85%,
05/15/28
(a) |
50,000 |
47,304 |
Interstate
Power and Light Co. | ||
4.10%,
09/26/28
(a) |
50,000 |
47,687 |
3.60%,
04/01/29
(a) |
100,000 |
91,408 |
2.30%,
06/01/30
(a) |
125,000 |
102,016 |
IPALCO
Enterprises, Inc. | ||
4.25%,
05/01/30
(a) |
75,000 |
66,870 |
MidAmerican
Energy Co. | ||
3.65%,
04/15/29
(a) |
175,000 |
164,354 |
6.75%,
12/30/31
|
75,000 |
84,536 |
Mississippi
Power Co. | ||
3.95%,
03/30/28
(a) |
100,000 |
93,978 |
National
Rural Utilities Cooperative Finance Corp. | ||
3.40%,
02/07/28
(a) |
50,000 |
46,432 |
3.90%,
11/01/28
(a) |
155,000 |
145,828 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.70%,
03/15/29
(a) |
150,000 |
138,326 |
2.40%,
03/15/30
(a) |
100,000 |
83,398 |
1.35%,
03/15/31
(a) |
100,000 |
74,248 |
1.65%,
06/15/31
(a) |
50,000 |
38,215 |
8.00%,
03/01/32
|
100,000 |
118,289 |
2.75%,
04/15/32
(a) |
175,000 |
144,973 |
4.15%,
12/15/32
(a) |
100,000 |
92,638 |
Nevada
Power Co. | ||
3.70%,
05/01/29
(a) |
100,000 |
94,302 |
2.40%,
05/01/30
(a) |
100,000 |
84,197 |
NextEra
Energy Capital Holdings, Inc. | ||
1.90%,
06/15/28
(a) |
300,000 |
257,118 |
3.50%,
04/01/29
(a) |
125,000 |
113,934 |
2.75%,
11/01/29
(a) |
225,000 |
195,022 |
2.25%,
06/01/30
(a) |
365,000 |
300,819 |
2.44%,
01/15/32
(a) |
250,000 |
201,970 |
5.00%,
07/15/32
(a) |
200,000 |
197,180 |
5.65%,
05/01/79
(a)(b) |
50,000 |
45,917 |
Northern
States Power Co. | ||
2.25%,
04/01/31
(a) |
50,000 |
41,546 |
NSTAR
Electric Co. | ||
3.25%,
05/15/29
(a) |
100,000 |
91,013 |
3.95%,
04/01/30
(a) |
25,000 |
23,534 |
1.95%,
08/15/31
(a) |
75,000 |
59,705 |
Ohio
Power Co. | ||
2.60%,
04/01/30
(a) |
125,000 |
106,474 |
1.63%,
01/15/31
(a) |
100,000 |
77,658 |
Oklahoma
Gas and Electric Co. | ||
3.80%,
08/15/28
(a) |
75,000 |
70,588 |
3.30%,
03/15/30
(a) |
80,000 |
70,456 |
3.25%,
04/01/30
(a) |
50,000 |
43,681 |
Oncor
Electric Delivery Co. LLC | ||
3.70%,
11/15/28
(a) |
125,000 |
118,116 |
5.75%,
03/15/29
(a) |
50,000 |
52,001 |
2.75%,
05/15/30
(a) |
100,000 |
87,356 |
4.15%,
06/01/32
(a)(d) |
200,000 |
190,657 |
4.55%,
09/15/32
(a)(d) |
250,000 |
245,228 |
Pacific
Gas and Electric Co. | ||
3.00%,
06/15/28
(a) |
175,000 |
152,473 |
3.75%,
07/01/28
|
178,000 |
159,080 |
4.65%,
08/01/28
(a) |
150,000 |
138,592 |
4.55%,
07/01/30
(a) |
625,000 |
567,845 |
2.50%,
02/01/31
(a) |
425,000 |
331,157 |
3.25%,
06/01/31
(a) |
125,000 |
101,832 |
4.40%,
03/01/32
(a) |
125,000 |
109,953 |
5.90%,
06/15/32
(a) |
100,000 |
97,758 |
PacifiCorp | ||
3.50%,
06/15/29
(a) |
100,000 |
92,368 |
2.70%,
09/15/30
(a) |
100,000 |
86,290 |
PPL
Capital Funding, Inc. | ||
4.13%,
04/15/30
(a) |
100,000 |
93,007 |
Progress
Energy, Inc. | ||
7.75%,
03/01/31
|
125,000 |
141,982 |
7.00%,
10/30/31
|
100,000 |
109,397 |
Public
Service Co. of Colorado | ||
3.70%,
06/15/28
(a) |
100,000 |
95,405 |
1.90%,
01/15/31
(a) |
125,000 |
100,494 |
1.88%,
06/15/31
(a) |
150,000 |
119,664 |
Public
Service Co. of New Hampshire | ||
2.20%,
06/15/31
(a) |
100,000 |
82,299 |
Public
Service Electric and Gas Co. | ||
3.65%,
09/01/28
(a) |
50,000 |
47,129 |
3.20%,
05/15/29
(a) |
100,000 |
90,848 |
2.45%,
01/15/30
(a) |
120,000 |
103,035 |
1.90%,
08/15/31
(a) |
100,000 |
80,006 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
3.10%,
03/15/32
(a) |
100,000 |
87,697 |
4.90%,
12/15/32
(a) |
75,000 |
75,209 |
Public
Service Enterprise Group, Inc. | ||
1.60%,
08/15/30
(a) |
100,000 |
77,846 |
2.45%,
11/15/31
(a) |
150,000 |
120,495 |
Puget
Energy, Inc. | ||
2.38%,
06/15/28
(a) |
100,000 |
85,501 |
4.10%,
06/15/30
(a) |
100,000 |
89,756 |
4.22%,
03/15/32
(a) |
100,000 |
89,562 |
San
Diego Gas & Electric Co. | ||
1.70%,
10/01/30
(a) |
100,000 |
79,403 |
3.00%,
03/15/32
(a) |
150,000 |
128,452 |
Southern
California Edison Co. | ||
3.65%,
03/01/28
(a) |
75,000 |
70,202 |
4.20%,
03/01/29
(a) |
100,000 |
95,301 |
6.65%,
04/01/29
|
75,000 |
77,610 |
2.85%,
08/01/29
(a) |
75,000 |
65,374 |
2.25%,
06/01/30
(a) |
125,000 |
103,245 |
2.50%,
06/01/31
(a) |
75,000 |
61,985 |
2.75%,
02/01/32
(a) |
125,000 |
105,070 |
5.95%,
11/01/32
(a) |
175,000 |
185,905 |
Southern
Co. | ||
3.70%,
04/30/30
(a) |
200,000 |
181,088 |
Southwestern
Electric Power Co. | ||
4.10%,
09/15/28
(a) |
125,000 |
118,864 |
Tampa
Electric Co. | ||
2.40%,
03/15/31
(a) |
100,000 |
81,154 |
The
Southern Co | ||
1.75%,
03/15/28
(a) |
50,000 |
42,160 |
The
Southern Co. | ||
5.70%,
10/15/32
(a) |
125,000 |
127,953 |
Tucson
Electric Power Co. | ||
1.50%,
08/01/30
(a) |
100,000 |
76,992 |
3.25%,
05/15/32
(a) |
50,000 |
42,733 |
Union
Electric Co. | ||
3.50%,
03/15/29
(a) |
125,000 |
116,043 |
2.95%,
03/15/30
(a) |
125,000 |
109,917 |
2.15%,
03/15/32
(a) |
100,000 |
79,147 |
Virginia
Electric and Power Co. | ||
3.80%,
04/01/28
(a) |
150,000 |
141,819 |
2.88%,
07/15/29
(a) |
100,000 |
88,191 |
2.30%,
11/15/31
(a) |
150,000 |
121,024 |
2.40%,
03/30/32
(a) |
125,000 |
101,298 |
WEC
Energy Group, Inc. | ||
2.20%,
12/15/28
(a) |
150,000 |
127,384 |
1.80%,
10/15/30
(a) |
100,000 |
78,448 |
Wisconsin
Electric Power Co. | ||
4.75%,
09/30/32
(a) |
100,000 |
98,676 |
Wisconsin
Power and Light Co. | ||
3.00%,
07/01/29
(a) |
50,000 |
44,374 |
1.95%,
09/16/31
(a) |
75,000 |
59,204 |
3.95%,
09/01/32
(a) |
100,000 |
91,875 |
Xcel
Energy, Inc. | ||
4.00%,
06/15/28
(a) |
150,000 |
143,948 |
2.60%,
12/01/29
(a) |
100,000 |
85,618 |
3.40%,
06/01/30
(a) |
100,000 |
89,392 |
2.35%,
11/15/31
(a) |
100,000 |
80,069 |
4.60%,
06/01/32
(a) |
150,000 |
143,976 |
|
|
21,900,565 |
Natural
Gas 0.6%
| ||
Atmos
Energy Corp. | ||
2.63%,
09/15/29
(a) |
175,000 |
152,758 |
1.50%,
01/15/31
(a) |
150,000 |
117,091 |
SECURITY
RATE,
MATURITY DATE |
FACE
AMOUNT
($) |
VALUE
($) |
CenterPoint
Energy Resources Corp. | ||
4.00%,
04/01/28
(a) |
75,000 |
71,641 |
1.75%,
10/01/30
(a) |
100,000 |
79,363 |
4.40%,
07/01/32
(a) |
100,000 |
96,264 |
NiSource,
Inc. | ||
2.95%,
09/01/29
(a) |
150,000 |
130,852 |
3.60%,
05/01/30
(a) |
225,000 |
200,952 |
1.70%,
02/15/31
(a) |
150,000 |
114,500 |
ONE
Gas, Inc. | ||
2.00%,
05/15/30
(a) |
50,000 |
40,681 |
4.25%,
09/01/32
(a) |
75,000 |
70,939 |
Piedmont
Natural Gas Co., Inc. | ||
3.50%,
06/01/29
(a) |
100,000 |
92,108 |
2.50%,
03/15/31
(a) |
75,000 |
61,427 |
Sempra
Energy | ||
3.40%,
02/01/28
(a) |
200,000 |
186,020 |
3.70%,
04/01/29
(a) |
100,000 |
91,484 |
Southern
California Gas Co. | ||
2.55%,
02/01/30
(a) |
125,000 |
106,588 |
Southern
Co. Gas Capital Corp. | ||
1.75%,
01/15/31
(a) |
100,000 |
76,631 |
5.15%,
09/15/32
(a) |
100,000 |
98,539 |
Southwest
Gas Corp. | ||
2.20%,
06/15/30
(a) |
125,000 |
97,965 |
4.05%,
03/15/32
(a) |
150,000 |
131,956 |
|
|
2,017,759 |
Utility
Other 0.2%
| ||
American
Water Capital Corp. | ||
3.75%,
09/01/28
(a) |
100,000 |
94,582 |
3.45%,
06/01/29
(a) |
125,000 |
114,497 |
2.80%,
05/01/30
(a) |
150,000 |
130,009 |
2.30%,
06/01/31
(a) |
50,000 |
41,164 |
4.45%,
06/01/32
(a) |
200,000 |
192,242 |
Essential
Utilities, Inc. | ||
3.57%,
05/01/29
(a) |
100,000 |
90,134 |
2.70%,
04/15/30
(a) |
100,000 |
84,008 |
2.40%,
05/01/31
(a) |
75,000 |
60,174 |
United
Utilities plc | ||
6.88%,
08/15/28
|
25,000 |
26,457 |
|
|
833,267 |
|
|
24,751,591 |
Total
Corporates
(Cost
$375,926,002) |
324,901,831 |
SECURITY |
NUMBER
OF
SHARES |
VALUE
($) |
SHORT-TERM
INVESTMENTS
0.3%
OF NET ASSETS
| ||
| ||
Money
Market Funds 0.3%
| ||
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
4.12%
(g) |
708,594 |
708,594 |
State
Street Institutional U.S. Government
Money
Market Fund, Premier Class
4.12%
(g)(h) |
500,398 |
500,398 |
|
|
1,208,992 |
Total
Short-Term Investments
(Cost
$1,208,992) |
1,208,992 | |
Total
Investments in Securities
(Cost
$377,134,994) |
326,110,823 |
(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) |
Issuer
is affiliated with the fund’s investment adviser. |
(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 $6,823,693 or 2.1% of net
assets. |
(e) |
All
or a portion of this security is on loan. Securities on loan were valued
at
$486,110. |
(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. |
REIT
— |
Real
Estate Investment Trust |
SECURITY
RATE,
MATURITY DATE |
VALUE
AT
12/31/21 |
PURCHASES |
SALES |
REALIZED
GAINS
(LOSSES) |
NET
CHANGE IN
UNREALIZED
APPRECIATION
(DEPRECIATION) |
ACCRETION
OF
DISCOUNTS
(AMORTIZATION
OF
PREMIUMS) |
VALUE
AT
12/31/22 |
FACE
AMOUNT
AT
12/31/22 |
INTEREST
INCOME
EARNED |
CORPORATES
0.4%
OF NET ASSETS
| |||||||||
| |||||||||
Financial
Institutions 0.4%
| |||||||||
Brokerage/Asset
Managers/Exchanges 0.4% | |||||||||
The
Charles Schwab Corp. | |||||||||
3.20%,
03/02/27 |
$107,120 |
$— |
($100,677) |
($7,494) |
$1,486 |
($435) |
$— |
$— |
$827 |
3.30%,
04/01/27 |
107,400 |
— |
(98,093) |
(10,210) |
1,446 |
(543) |
— |
— |
1,118 |
3.20%,
01/25/28 |
107,595 |
— |
— |
— |
(12,942) |
(1,287) |
93,366 |
100,000 |
3,200 |
2.00%,
03/20/28 |
202,678 |
43,439 |
— |
— |
(26,019) |
(276) |
219,822 |
250,000 |
4,239 |
4.00%,
02/01/29 |
56,134 |
79,330 |
(23,934) |
(1,370) |
(13,280) |
(1,624) |
95,256 |
100,000 |
4,047 |
3.25%,
05/22/29 |
86,110 |
26,316 |
— |
— |
(16,104) |
(965) |
95,357 |
105,000 |
3,356 |
2.75%,
10/01/29 |
78,552 |
— |
— |
— |
(12,601) |
(437) |
65,514 |
75,000 |
2,063 |
4.63%,
03/22/30 |
88,948 |
— |
— |
— |
(14,379) |
(834) |
73,735 |
75,000 |
3,469 |
1.65%,
03/11/31 |
120,254 |
— |
— |
— |
(23,344) |
572 |
97,482 |
125,000 |
2,062 |
2.30%,
05/13/31 |
126,337 |
— |
— |
— |
(23,621) |
(329) |
102,387 |
125,000 |
2,875 |
1.95%,
12/01/31 |
— |
147,642 |
— |
— |
(22,900) |
905 |
125,647 |
160,000 |
2,712 |
2.90%,
03/03/32 |
— |
207,751 |
(21,529) |
460 |
(21,318) |
595 |
165,959 |
195,000 |
4,325 |
Total |
$1,081,128 |
$504,478 |
($244,233) |
($18,614) |
($183,576) |
($4,658) |
$1,134,525 |
|
$34,293 |
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
|
$— |
$324,901,831 |
$— |
$324,901,831 |
Short-Term
Investments1
|
1,208,992 |
— |
— |
1,208,992 |
Total |
$1,208,992 |
$324,901,831 |
$— |
$326,110,823 |
1
|
As
categorized in the Portfolio
Holdings. |
Assets | ||
Investments
in securities, at value - affiliated (cost
$1,318,462) |
|
$1,134,525 |
Investments
in securities, at value - unaffiliated (cost $375,816,532) including
securities on loan of $486,110 |
|
324,976,298 |
Cash |
|
9,514 |
Deposit
with broker for futures contracts |
|
55,000 |
Receivables: |
|
|
Investments
sold |
|
3,562,246 |
Interest |
|
3,356,237 |
Dividends |
|
4,145 |
Income
from securities on loan |
+ |
591 |
Total
assets |
|
333,098,556 |
| ||
Liabilities | ||
Collateral
held for securities on loan |
|
500,398 |
Payables: |
|
|
Investments
bought |
|
4,312,379 |
Management
fees |
+ |
9,338 |
Total
liabilities |
|
4,822,115 |
Net
assets |
|
$328,276,441 |
| ||
Net
Assets by Source | ||
Capital
received from investors |
|
$384,586,306 |
Total
distributable loss |
+ |
(56,309,865) |
Net
assets |
|
$328,276,441 |
Net
Asset Value (NAV)
| ||||
Net
Assets
|
÷ |
Shares
Outstanding |
= |
NAV |
$328,276,441 |
|
7,600,000 |
|
$43.19 |
|
|
|
|
|
|
|
|
|
|
For
the period January 1, 2022 through December 31, 2022
| ||
Investment
Income
| ||
Interest
received from securities - unaffiliated |
|
$11,682,223 |
Interest
received from securities - affiliated |
|
29,635 |
Dividends
received from securities - unaffiliated
|
|
21,864 |
Securities
on loan, net |
+ |
8,501 |
Total
investment income
|
|
11,742,223 |
| ||
Expenses | ||
Management
fees |
|
135,688 |
Proxy
fees1
|
+ |
5,960 |
Total
expenses |
– |
141,648 |
Net
investment income |
|
11,600,575 |
| ||
REALIZED
AND UNREALIZED GAINS (LOSSES) | ||
Net
realized losses on sales of securities - affiliated |
|
(18,614) |
Net
realized losses on sales of securities -
unaffiliated |
|
(4,544,071) |
Net
realized losses on sales of in-kind redemptions -
unaffiliated |
|
(16,117,492) |
Net
realized losses on futures contracts |
+ |
(19,772) |
Net
realized losses |
|
(20,699,949) |
Net
change in unrealized appreciation (depreciation) on securities -
affiliated |
|
(183,576) |
Net
change in unrealized appreciation (depreciation) on securities -
unaffiliated |
|
(46,551,571) |
Net
change in unrealized appreciation (depreciation) on futures
contracts |
+ |
239 |
Net
change in unrealized appreciation (depreciation) |
+ |
(46,734,908) |
Net
realized and unrealized losses |
|
(67,434,857) |
Decrease
in net assets resulting from operations |
|
($55,834,282) |
1 |
Proxy
fees are non-routine expenses (see financial note 2(e) for additional
information). |
OPERATIONS | |||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |
Net
investment income |
|
$11,600,575 |
$6,841,316 |
Net
realized gains (losses) |
|
(20,699,949) |
1,468,611 |
Net
change in unrealized appreciation (depreciation) |
+ |
(46,734,908) |
(14,566,712) |
Decrease
in net assets from operations |
|
($55,834,282) |
($6,256,785) |
| |||
DISTRIBUTIONS
TO SHAREHOLDERS | |||
Total
distributions |
|
($11,666,820) |
($6,826,280) |
TRANSACTIONS
IN FUND SHARES | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
VALUE |
SHARES |
VALUE |
Shares
sold |
|
5,450,000 |
$246,351,970 |
8,400,000 |
$442,848,633 |
Shares
redeemed |
+ |
(5,100,000) |
(225,629,306) |
(4,700,000) |
(245,294,686) |
Net
transactions in fund shares
|
|
350,000 |
$20,722,664 |
3,700,000 |
$197,553,947 |
| |||||
SHARES
OUTSTANDING AND NET ASSETS | |||||
|
1/1/22-12/31/22 |
1/1/21-12/31/21 | |||
|
|
SHARES |
NET
ASSETS |
SHARES |
NET
ASSETS |
Beginning
of period |
|
7,250,000 |
$375,054,879 |
3,550,000 |
$190,583,997 |
Total
increase (decrease) |
+ |
350,000 |
(46,778,438) |
3,700,000 |
184,470,882 |
End
of period |
|
7,600,000 |
$328,276,441 |
7,250,000 |
$375,054,879 |
SCHWAB
STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab
U.S. TIPS ETF |
Schwab
U.S. Dividend Equity 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
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 |
0.04% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
0.03% |
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 |
0.05% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
0.04% |
|
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 |
—% |
—% |
2.5% |
—% |
—% |
0.6% |
Schwab
Monthly Income Fund -
Income
Payout |
—% |
—% |
2.3% |
—% |
1.5% |
2.0% |
Schwab
Monthly Income Fund - Target
Payout |
—% |
—% |
1.5% |
—% |
—% |
0.4% |
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% |
0.2% |
—% |
1.5% |
—% |
—% |
Schwab
Target 2025 Index Fund |
0.1% |
0.2% |
—% |
2.4% |
—% |
—% |
Schwab
Target 2030 Index Fund |
0.1% |
0.2% |
—% |
3.2% |
—% |
—% |
Schwab
Target 2035 Index Fund |
—% |
0.1% |
—% |
1.6% |
—% |
—% |
Schwab
Target 2040 Index Fund |
—% |
0.1% |
—% |
1.4% |
—% |
—% |
Schwab
Target 2045 Index Fund |
—% |
0.0%* |
—% |
0.6% |
—% |
—% |
Schwab
Target 2050 Index Fund |
—% |
—% |
—% |
0.5% |
—% |
—% |
Schwab
Target 2055 Index Fund |
—% |
—% |
—% |
0.2% |
—% |
—% |
Schwab
Target 2060 Index Fund |
—% |
—% |
—% |
0.2% |
—% |
—% |
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% |
|
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
|
671,465 |
6 |
Schwab
5-10 Year Corporate Bond ETF |
675,289 |
6 |
|
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 |
$3,052,942,622 |
$— |
$3,052,942,622 |
Schwab
Short-Term U.S. Treasury ETF |
10,233,666,974 |
— |
10,233,666,974 |
Schwab
Intermediate-Term U.S. Treasury ETF |
6,157,772,180 |
— |
6,157,772,180 |
Schwab
Long-Term U.S. Treasury ETF |
51,538,987 |
— |
51,538,987 |
Schwab
U.S. Aggregate Bond ETF |
3,772,428,236 |
280,153,321 |
4,052,581,557 |
Schwab
1-5 Year Corporate Bond ETF
|
— |
63,051,917 |
63,051,917 |
Schwab
5-10 Year Corporate Bond ETF |
— |
45,965,142 |
45,965,142 |
|
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 |
$4,028,824,712 |
$— |
$4,028,824,712 |
Schwab
Short-Term U.S. Treasury ETF |
9,660,823,741 |
— |
9,660,823,741 |
Schwab
Intermediate-Term U.S. Treasury ETF |
5,735,038,430 |
— |
5,735,038,430 |
Schwab
Long-Term U.S. Treasury ETF |
43,453,579 |
— |
43,453,579 |
Schwab
U.S. Aggregate Bond ETF |
4,304,805,217 |
312,531,609 |
4,617,336,826 |
Schwab
1-5 Year Corporate Bond ETF
|
— |
53,663,857 |
53,663,857 |
Schwab
5-10 Year Corporate Bond ETF |
— |
36,266,895 |
36,266,895 |
|
IN-KIND
PURCHASES
OF
SECURITIES
|
IN-KIND
SALES
OF
SECURITIES
|
Schwab
U.S. TIPS ETF |
$6,880,389,711 |
$11,040,550,259 |
Schwab
Short-Term U.S. Treasury ETF |
4,226,676,956 |
3,035,425,252 |
Schwab
Intermediate-Term U.S. Treasury ETF |
6,576,191,190 |
2,466,975,872 |
Schwab
Long-Term U.S. Treasury ETF |
168,903,963 |
57,473,926 |
Schwab
U.S. Aggregate Bond ETF |
171,394,777 |
502,043,698 |
Schwab
1-5 Year Corporate Bond ETF
|
111,375,489 |
313,005,710 |
Schwab
5-10 Year Corporate Bond ETF |
236,669,441 |
222,825,259 |
|
TAX
COST
|
GROSS
UNREALIZED
APPRECIATION
|
GROSS
UNREALIZED
DEPRECIATION
|
NET
UNREALIZED
APPRECIATION
(DEPRECIATION) |
Schwab
U.S. TIPS ETF |
$15,975,508,626 |
$- |
($2,179,468,854)
|
($2,179,468,854)
|
Schwab
Short-Term U.S. Treasury ETF |
10,449,543,248 |
1,550,652 |
(237,813,634) |
(236,262,982) |
Schwab
Intermediate-Term U.S. Treasury ETF |
7,954,815,343 |
1,087,281 |
(441,199,291) |
(440,112,010) |
Schwab
Long-Term U.S. Treasury ETF |
213,268,243 |
- |
(26,116,158) |
(26,116,158) |
Schwab
U.S. Aggregate Bond ETF |
7,792,849,783 |
1,184,453 |
(844,619,547) |
(843,435,094) |
Schwab
1-5 Year Corporate Bond ETF
|
394,069,617 |
281,480 |
(25,935,342) |
(25,653,862) |
Schwab
5-10 Year Corporate Bond ETF |
377,159,220 |
277,169 |
(51,325,566) |
(51,048,397) |
|
UNDISTRIBUTED
ORDINARY
INCOME
|
NET
UNREALIZED
APPRECIATION
(DEPRECIATION)
ON
INVESTMENTS
|
CAPITAL
LOSS
CARRYFORWARDS
AND
OTHER LOSSES
|
TOTAL
|
Schwab
U.S. TIPS ETF |
$6,041,996 |
($2,179,468,854)
|
($367,609,106)
|
($2,541,035,964)
|
Schwab
Short-Term U.S. Treasury ETF |
885,902 |
(236,262,982) |
(276,041,179) |
(511,418,259) |
Schwab
Intermediate-Term U.S. Treasury ETF |
149,024 |
(440,112,010) |
(354,167,139) |
(794,130,125) |
Schwab
Long-Term U.S. Treasury ETF |
29,630 |
(26,116,158) |
(4,991,274) |
(31,077,802) |
Schwab
U.S. Aggregate Bond ETF |
388,539 |
(843,435,094) |
(275,794,945) |
(1,118,841,500) |
Schwab
1-5 Year Corporate Bond ETF
|
79,223 |
(25,653,862) |
(2,153,196) |
(27,727,835) |
Schwab
5-10 Year Corporate Bond ETF |
— |
(51,048,397) |
(5,261,468) |
(56,309,865) |
|
|
Schwab
U.S. TIPS ETF |
$367,609,106 |
Schwab
Short-Term U.S. Treasury ETF |
276,041,179 |
Schwab
Intermediate-Term U.S. Treasury ETF |
354,167,139 |
Schwab
Long-Term U.S. Treasury ETF |
4,991,274 |
Schwab
U.S. Aggregate Bond ETF |
275,794,945 |
Schwab
1-5 Year Corporate Bond ETF
|
2,153,196 |
Schwab
5-10 Year Corporate Bond ETF |
5,261,468 |
|
CURRENT
FISCAL YEAR END DISTRIBUTIONS |
PRIOR
FISCAL YEAR END DISTRIBUTIONS |
|
ORDINARY
INCOME
|
ORDINARY
INCOME
|
Schwab
U.S. TIPS ETF |
$1,069,955,140 |
$852,013,180 |
Schwab
Short-Term U.S. Treasury ETF |
125,786,895 |
34,862,540 |
Schwab
Intermediate-Term U.S. Treasury
ETF |
140,863,160 |
36,438,300 |
Schwab
Long-Term U.S. Treasury ETF |
2,856,565 |
1,504,385 |
Schwab
U.S. Aggregate Bond ETF |
185,912,810 |
191,909,550 |
Schwab
1-5 Year Corporate Bond ETF
|
6,101,610 |
5,031,370 |
Schwab
5-10 Year Corporate Bond ETF |
11,666,820 |
6,826,280 |
|
|
Schwab
U.S. TIPS ETF |
100.00% |
Schwab
Short-Term U.S. Treasury ETF |
100.00% |
Schwab
Intermediate-Term U.S. Treasury ETF |
100.00% |
Schwab
Long-Term U.S. Treasury ETF |
100.00% |
Schwab
U.S. Aggregate Bond ETF |
91.27% |
Schwab
1-5 Year Corporate Bond ETF
|
79.35% |
Schwab
5-10 Year Corporate Bond ETF |
83.77% |
|
|
Schwab
U.S. TIPS ETF |
100.00% |
Schwab
Short-Term U.S. Treasury ETF |
100.00% |
Schwab
Intermediate-Term U.S. Treasury ETF |
100.00% |
Schwab
Long-Term U.S. Treasury ETF |
100.00% |
Schwab
U.S. Aggregate Bond ETF |
99.06% |
Schwab
1-5 Year Corporate Bond ETF
|
99.75% |
Schwab
5-10 Year Corporate Bond ETF |
99.36% |
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). |
105 |
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. |
105 |
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. |
105 |
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. |
105 |
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). |
105 |
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). |
105 |
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). |
105 |
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.; Director
(Apr.
2006 – present), Charles Schwab Bank, SSB; Director
(Nov.
2017 – present), Charles Schwab Premier Bank, SSB; 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.; Director
(Oct.
2020 – present), TD Ameritrade Holding Corporation; Director
(July
2016 – Oct. 2021), Charles Schwab Investment Management,
Inc. |
105 |
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. |
105 |
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 |
Jonathan
de St. Paer
1973
President
and Chief Executive 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) |
Director
(Apr. 2019 – present), President (Oct. 2018 – present), Chief Operating
Officer
(Jan.
2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019),
Charles Schwab
Investment
Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief
Operating
Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.;
Chief
Executive
Officer (Apr. 2019 – present), President (Nov. 2018 – present) and Trustee
(Apr.
2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Managing
Director
(May
2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior
Vice
President
– Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles
Schwab
& Co., Inc. |
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) and Vice President (Oct. 2013 – present), 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; Vice
President
(Mar.
2022 – present) and Director (Oct. 2015 – Mar. 2022), Charles Schwab
Investment
Management,
Inc. |
Officers
of the Trust (continued) | |
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
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
2011) |
Chief
Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr.
2011 – present)
and
Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment
Management,
Inc.; Director, Chief Executive Officer and President (Oct. 2022 –
present),
Charles
Schwab Investment Advisory, Inc.; Vice President and Chief Investment
Officer
(June
2011 – present), Schwab Funds, Laudus Trust and Schwab
ETFs. |
Brett
Wander
1961
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
2011) |
Senior
Vice President and Chief Investment Officer (Apr. 2011 – present), Charles
Schwab
Investment
Management, Inc.; Vice President and Chief Investment Officer
(June
2011 – present), Schwab Funds, Laudus Trust and Schwab
ETFs. |
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) |
Senior
Vice President 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) and Vice President (Sept. 2005 –
present), Charles
Schwab
Investment Management, Inc.; Managing Director (May 2022 – present) and
Vice
President
(July 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. |