|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4%
|
|||
|
|
Other Asset-Backed Securities - 99.4%
|
||
|
$ 1,000,000
|
720 East CLO IV Ltd. 6.26%, 04/15/2037, 3 mo.
USD Term SOFR + 1.60%(1)(2)
|
$1,004,235
|
|
|
1,000,000
|
720 East CLO Ltd. 6.81%, 10/15/2036, 3 mo. USD
Term SOFR + 2.15%(1)(2)
|
1,002,036
|
|
|
880,000
|
720 East CLO VI Ltd. 0.00%, 01/20/2038, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
880,156
|
|
|
2,000,000
|
AGL CLO 3 Ltd. 6.22%, 01/15/2033, 3 mo. USD
Term SOFR + 1.56%(1)(2)
|
2,002,016
|
|
|
1,000,000
|
AGL CLO 33 Ltd. 6.56%, 07/21/2037, 3 mo. USD
Term SOFR + 1.35%(1)(2)
|
1,001,970
|
|
|
2,000,000
|
Apidos CLO XL Ltd. 6.01%, 07/15/2037, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
2,005,552
|
|
|
300,000
|
Apidos CLO XXIII Ltd. 6.14%, 04/15/2033, 3 mo.
USD Term SOFR + 1.48%(1)(2)
|
300,109
|
|
|
600,000
|
Apidos CLO XXVIII 6.28%, 01/20/2031, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
600,547
|
|
|
1,000,000
|
Apidos CLO XXXIX Ltd. 5.92%, 04/21/2035, 3 mo.
USD Term SOFR + 1.30%(1)(2)
|
1,002,883
|
|
|
3,200,000
|
Ares XXVII CLO Ltd. 6.05%, 10/28/2034, 3 mo.
USD Term SOFR + 1.43%(1)(2)
|
3,206,355
|
|
|
1,000,000
|
Ares XXXIX CLO Ltd. 6.83%, 07/18/2037, 3 mo.
USD Term SOFR + 2.20%(1)(2)
|
1,011,656
|
|
|
1,600,000
|
Assurant CLO I Ltd. 6.06%, 10/20/2034, 3 mo.
USD Term SOFR + 1.44%(1)(2)
|
1,599,642
|
|
|
|
Bain Capital Credit CLO Ltd.
|
|
|
|
1,496,577
|
5.78%, 10/17/2032, 3 mo. USD Term SOFR +
1.13%(1)(2)
|
1,496,576
|
|
|
1,000,000
|
6.03%, 01/22/2035, 3 mo. USD Term SOFR +
1.40%(1)(2)
|
1,001,103
|
|
|
1,000,000
|
6.20%, 10/17/2032, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
1,000,609
|
|
|
2,000,000
|
6.48%, 04/16/2036, 3 mo. USD Term SOFR +
1.83%(1)(2)
|
2,007,398
|
|
|
600,000
|
Ballyrock CLO 21 Ltd. 6.18%, 10/20/2037, 3 mo.
USD Term SOFR + 1.56%(1)(2)
|
600,112
|
|
|
|
Barings CLO Ltd.
|
|
|
|
1,000,000
|
6.09%, 04/15/2036, 3 mo. USD Term SOFR +
1.43%(1)(2)
|
1,000,851
|
|
|
850,000
|
6.45%, 10/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
851,321
|
|
|
290,000
|
6.72%, 01/20/2037, 3 mo. USD Term SOFR +
2.10%(1)(2)
|
292,457
|
|
|
1,000,000
|
Barings Loan Partners CLO Ltd. 3 6.14%,
07/20/2033, 3 mo. USD Term SOFR +
1.52%(1)(2)
|
1,001,722
|
|
|
1,000,000
|
Battalion CLO XIV Ltd. 6.73%, 01/20/2035, 3 mo.
USD Term SOFR + 2.11%(1)(2)
|
1,000,925
|
|
|
2,000,000
|
Benefit Street Partners CLO XV Ltd. 6.05%,
07/15/2037, 3 mo. USD Term SOFR +
1.39%(1)(2)
|
2,004,010
|
|
|
1,100,000
|
BlueMountain CLO Ltd. 6.82%, 11/15/2030, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,100,316
|
|
|
500,000
|
Carlyle U.S. CLO Ltd. 6.08%, 07/15/2034, 3 mo.
USD Term SOFR + 1.42%(1)(2)
|
500,470
|
|
|
1,000,000
|
Cedar Funding X CLO Ltd. 5.98%, 10/20/2032,
3 mo. USD Term SOFR + 1.36%(1)(2)
|
999,750
|
|
|
|
CIFC Funding Ltd.
|
|
|
|
1,000,000
|
5.97%, 04/17/2035, 3 mo. USD Term SOFR +
1.32%(1)(2)
|
999,994
|
|
|
300,000
|
6.07%, 07/15/2036, 3 mo. USD Term SOFR +
1.41%(1)(2)
|
300,187
|
|
|
825,000
|
6.10%, 07/16/2037, 3 mo. USD Term SOFR +
1.45%(1)(2)
|
828,365
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 1,000,000
|
6.17%, 04/21/2037, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
$1,006,440
|
|
|
250,000
|
6.24%, 01/15/2034, 3 mo. USD Term SOFR +
1.58%(1)(2)
|
250,636
|
|
|
1,000,000
|
6.25%, 10/20/2037, 3 mo. USD Term SOFR +
1.60%(1)(2)
|
1,000,171
|
|
|
250,000
|
6.30%, 04/24/2031, 3 mo. USD Term SOFR +
1.66%(1)(2)
|
249,940
|
|
|
1,120,000
|
6.38%, 04/20/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
1,121,072
|
|
|
800,000
|
6.79%, 07/18/2031, 3 mo. USD Term SOFR +
2.16%(1)(2)
|
800,267
|
|
|
1,000,000
|
Danby Park CLO Ltd. 5.98%, 10/21/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
999,976
|
|
|
2,000,000
|
Dryden 43 Senior Loan Fund 5.92%, 04/20/2034,
3 mo. USD Term SOFR + 1.30%(1)(2)
|
2,000,100
|
|
|
250,000
|
Dryden 53 CLO Ltd. 6.32%, 01/15/2031, 3 mo.
USD Term SOFR + 1.66%(1)(2)
|
250,192
|
|
|
1,000,000
|
Dryden 64 CLO Ltd. 6.64%, 04/18/2031, 3 mo.
USD Term SOFR + 2.01%(1)(2)
|
998,960
|
|
|
1,000,000
|
Dryden 68 CLO Ltd. 6.09%, 07/15/2035, 3 mo.
USD Term SOFR + 1.43%(1)(2)
|
1,001,243
|
|
|
1,000,000
|
Dryden 94 CLO Ltd. 6.02%, 10/15/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
1,002,290
|
|
|
1,000,000
|
Elmwood CLO 14 Ltd. 5.94%, 04/20/2035, 3 mo.
USD Term SOFR + 1.32%(1)(2)
|
999,971
|
|
|
1,000,000
|
Elmwood CLO 15 Ltd. 5.97%, 04/22/2035, 3 mo.
USD Term SOFR + 1.34%(1)(2)
|
1,000,766
|
|
|
1,000,000
|
Elmwood CLO 19 Ltd. 6.35%, 10/17/2036, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,008,550
|
|
|
3,000,000
|
Elmwood CLO 23 Ltd. 6.45%, 04/16/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
3,015,495
|
|
|
|
Elmwood CLO II Ltd.
|
|
|
|
1,000,000
|
0.00%, 10/20/2037, 3 mo. USD Term SOFR +
1.35%(1)(2)
|
1,000,000
|
|
|
1,000,000
|
6.03%, 04/20/2034, 3 mo. USD Term SOFR +
1.41%(1)(2)
|
999,750
|
|
|
1,000,000
|
Empower CLO Ltd. 6.23%, 04/25/2037, 3 mo. USD
Term SOFR + 1.60%(1)(2)
|
1,004,648
|
|
|
2,000,000
|
GoldenTree Loan Management U.S. CLO 1 Ltd.
5.90%, 04/20/2034, 3 mo. USD Term SOFR +
1.28%(1)(2)
|
2,002,942
|
|
|
250,000
|
GoldenTree Loan Management U.S. CLO 19 Ltd.
6.12%, 04/20/2037, 3 mo. USD Term SOFR +
1.50%(1)(2)
|
251,336
|
|
|
1,000,000
|
Golub Capital Partners CLO 66B Ltd. 6.58%,
04/25/2036, 3 mo. USD Term SOFR +
1.95%(1)(2)
|
1,009,301
|
|
|
500,000
|
Greenwood Park CLO Ltd. 6.32%, 04/15/2031,
3 mo. USD Term SOFR + 1.66%(1)(2)
|
501,028
|
|
|
2,000,000
|
Invesco CLO Ltd. 6.06%, 07/20/2035, 3 mo. USD
Term SOFR + 1.44%(1)(2)
|
2,008,156
|
|
|
500,000
|
Invesco U.S. CLO Ltd. 6.42%, 04/21/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
500,397
|
|
|
2,000,000
|
Kings Park CLO Ltd. 6.01%, 01/21/2035, 3 mo.
USD Term SOFR + 1.39%(1)(2)
|
2,001,534
|
|
|
1,000,000
|
KKR CLO 24 Ltd. 6.33%, 04/20/2032, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
1,003,027
|
|
|
2,000,000
|
KKR CLO 52 Ltd. 6.55%, 07/16/2036, 3 mo. USD
Term SOFR + 1.90%(1)(2)
|
2,010,982
|
|
|
660,000
|
Madison Park Funding XIX Ltd. 6.23%,
01/22/2037, 3 mo. USD Term SOFR +
1.60%(1)(2)
|
664,468
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 300,000
|
Madison Park Funding XLII Ltd. 6.39%,
11/21/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
$300,204
|
|
|
1,000,000
|
Madison Park Funding XXXVII Ltd. 6.19%,
04/15/2037, 3 mo. USD Term SOFR +
1.53%(1)(2)
|
1,005,800
|
|
|
236,088
|
Magnetite XXV Ltd. 6.09%, 01/25/2032, 3 mo.
USD Term SOFR + 1.46%(1)(2)
|
236,472
|
|
|
|
Oaktree CLO Ltd.
|
|
|
|
500,000
|
6.08%, 07/15/2034, 3 mo. USD Term SOFR +
1.42%(1)(2)
|
500,754
|
|
|
500,000
|
6.56%, 04/15/2036, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
500,461
|
|
|
|
OCP CLO Ltd.
|
|
|
|
995,000
|
6.00%, 10/18/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
997,487
|
|
|
1,000,000
|
6.31%, 07/20/2037, 3 mo. USD Term SOFR +
1.57%(1)(2)
|
1,004,120
|
|
|
850,000
|
6.60%, 07/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
852,984
|
|
|
1,000,000
|
Octagon 60 Ltd. 6.20%, 10/20/2037, 3 mo. USD
Term SOFR + 1.58%(1)(2)
|
1,000,172
|
|
|
635,000
|
Octagon 63 Ltd. 6.33%, 07/20/2037, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
635,698
|
|
|
825,000
|
Octagon 66 Ltd. 6.85%, 11/16/2036, 3 mo. USD
Term SOFR + 1.75%(1)(2)
|
830,666
|
|
|
2,080,000
|
Octagon 67 Ltd. 6.43%, 04/25/2036, 3 mo. USD
Term SOFR + 1.80%(1)(2)
|
2,081,816
|
|
|
250,000
|
Octagon Investment Partners XV Ltd. 6.38%,
07/19/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
250,175
|
|
|
750,000
|
OHA Loan Funding Ltd. 6.32%, 07/20/2037, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
751,696
|
|
|
|
Palmer Square CLO Ltd.
|
|
|
|
850,000
|
6.17%, 07/20/2037, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
853,011
|
|
|
1,250,000
|
6.52%, 01/20/2036, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
1,250,485
|
|
|
1,000,000
|
Rad CLO 25 Ltd. 6.98%, 07/20/2037, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
1,002,178
|
|
|
250,000
|
Regatta XIX Funding Ltd. 5.94%, 04/20/2035,
3 mo. USD Term SOFR + 1.32%(1)(2)
|
250,020
|
|
|
825,000
|
RR 8 Ltd. 6.01%, 07/15/2037, 3 mo. USD Term
SOFR + 1.35%(1)(2)
|
827,411
|
|
|
1,500,000
|
RRX 7 Ltd. 6.01%, 07/15/2035, 3 mo. USD Term
SOFR + 1.36%(1)(2)
|
1,501,186
|
|
|
850,000
|
Symphony CLO 36 Ltd. 5.99%, 10/24/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
854,360
|
|
|
800,000
|
Symphony CLO 38 Ltd. 6.43%, 04/24/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
800,692
|
|
|
1,000,000
|
Texas Debt Capital CLO Ltd. 6.42%, 04/20/2036,
3 mo. USD Term SOFR + 1.80%(1)(2)
|
1,003,640
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 1,650,000
|
Venture XXX CLO Ltd. 6.62%, 01/15/2031, 3 mo.
USD Term SOFR + 1.96%(1)(2)
|
$1,649,183
|
|
|
|
Voya CLO Ltd.
|
|
|
|
1,000,000
|
6.33%, 10/20/2031, 3 mo. USD Term SOFR +
1.70%(1)(2)
|
999,669
|
|
|
1,000,000
|
7.01%, 04/17/2030, 3 mo. USD Term SOFR +
2.36%(1)(2)
|
1,001,615
|
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $87,150,163)
|
$87,208,916
|
|
|
SHORT-TERM INVESTMENTS - 0.6%
|
|||
|
|
Repurchase Agreements - 0.6%
|
||
|
521,882
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%, due
on 11/01/2024 with a maturity value of
$521,952; collateralized by U.S. Treasury
Note at 0.88%, maturing 06/30/2026, with a
market value of $532,508
|
$521,882
|
|
|
|
Total Short-Term Investments
(cost $521,882)
|
$521,882
|
|
|
|
Total Investments
(cost $87,672,045)
|
100.0
%
|
$87,730,798
|
|
|
Other Assets and Liabilities
|
(0.0
)%
|
(9,113
)
|
|
|
Net Assets
|
100.0
%
|
$87,721,685
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$87,208,916, representing 99.4% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
|
2
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$87,208,916
|
$—
|
$87,208,916
|
$—
|
|
Short-Term Investments
|
521,882
|
—
|
521,882
|
—
|
|
Total
|
$87,730,798
|
$—
|
$87,730,798
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9%
|
|||
|
|
Asset-Backed - Automobile - 1.9%
|
||
|
$ 185,000
|
American Credit Acceptance Receivables Trust
6.09%, 11/12/2027(1)
|
$185,633
|
|
|
206,844
|
ARI Fleet Lease Trust 5.41%, 02/17/2032(1)
|
207,215
|
|
|
|
Avis Budget Rental Car Funding AESOP LLC
|
|
|
|
215,000
|
5.23%, 12/20/2030(1)
|
216,154
|
|
|
185,000
|
5.36%, 06/20/2030(1)
|
187,049
|
|
|
220,000
|
5.90%, 08/21/2028(1)
|
224,433
|
|
|
150,852
|
CPS Auto Receivables Trust 5.91%,
08/16/2027(1)
|
151,192
|
|
|
|
Credit Acceptance Auto Loan Trust
|
|
|
|
190,000
|
5.68%, 03/15/2034(1)
|
191,992
|
|
|
470,000
|
6.11%, 08/15/2034(1)
|
478,323
|
|
|
|
DT Auto Owner Trust
|
|
|
|
140,000
|
5.19%, 10/16/2028(1)
|
140,038
|
|
|
155,000
|
5.41%, 02/15/2029(1)
|
155,315
|
|
|
95,000
|
Enterprise Fleet Financing LLC 5.16%,
09/20/2030(1)
|
96,084
|
|
|
90,000
|
Exeter Automobile Receivables Trust 6.11%,
09/15/2027
|
90,262
|
|
|
|
Flagship Credit Auto Trust
|
|
|
|
259,000
|
4.69%, 07/17/2028(1)
|
258,159
|
|
|
77,000
|
5.05%, 01/18/2028(1)
|
76,890
|
|
|
195,000
|
5.21%, 05/15/2028(1)
|
194,752
|
|
|
560,000
|
Hertz Vehicle Financing III LLC 5.94%,
02/25/2028(1)
|
568,355
|
|
|
445,000
|
OneMain Direct Auto Receivables Trust 5.41%,
11/14/2029(1)
|
448,646
|
|
|
1,327
|
Prestige Auto Receivables Trust 1.62%,
11/16/2026(1)
|
1,325
|
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
160,000
|
4.98%, 02/15/2028
|
160,029
|
|
|
280,000
|
5.61%, 07/17/2028
|
282,298
|
|
|
110,000
|
SBNA Auto Lease Trust 5.24%, 01/22/2029(1)
|
110,604
|
|
|
235,000
|
SFS Auto Receivables Securitization Trust
5.47%, 12/20/2029(1)
|
238,932
|
|
|
|
Tricolor Auto Securitization Trust
|
|
|
|
125
|
6.48%, 08/17/2026(1)
|
124
|
|
|
127,542
|
6.61%, 10/15/2027(1)
|
128,509
|
|
|
|
Westlake Automobile Receivables Trust
|
|
|
|
90,000
|
5.41%, 01/18/2028(1)
|
90,281
|
|
|
400,000
|
6.14%, 03/15/2028(1)
|
403,452
|
|
|
145,000
|
World Omni Auto Receivables Trust 5.03%,
05/15/2029
|
145,627
|
|
|
|
|
|
5,431,673
|
|
|
Asset-Backed - Manufactured Housing - 0.0%
|
||
|
59,540
|
Cascade MH Asset Trust 1.75%, 02/25/2046(1)
|
51,678
|
|
|
|
Asset-Backed - Student Loan - 0.2%
|
||
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
128,237
|
0.97%, 12/16/2069(1)
|
112,250
|
|
|
218,661
|
1.11%, 02/18/2070(1)
|
191,016
|
|
|
275,368
|
5.51%, 10/15/2071(1)
|
277,789
|
|
|
|
|
|
581,055
|
|
|
Commercial Mortgage-Backed Securities - 5.2%
|
||
|
235,000
|
245 Park Avenue Trust 3.51%, 06/05/2037(1)
|
222,632
|
|
|
195,000
|
ARZ Trust 5.77%, 06/11/2029(1)
|
198,371
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
1,828,786
|
1.01%, 05/15/2057(2)(3)
|
140,938
|
|
|
1,159,518
|
1.11%, 09/15/2057(2)(3)
|
94,772
|
|
|
1,007,840
|
1.62%, 02/15/2057(2)(3)
|
105,528
|
|
|
125,000
|
3.66%, 04/15/2055(3)
|
112,938
|
|
|
130,000
|
5.83%, 05/15/2057
|
137,156
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
2,778,347
|
0.57%, 07/15/2056(2)(3)
|
108,910
|
|
|
968,862
|
1.17%, 12/15/2056(2)(3)
|
61,616
|
|
|
558,466
|
1.51%, 01/15/2054(2)(3)
|
39,908
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.2% - (continued)
|
||
|
$ 595,170
|
1.78%, 07/15/2053(2)(3)
|
$32,564
|
|
|
|
BMO Mortgage Trust
|
|
|
|
1,684,506
|
0.86%, 07/15/2057(2)(3)
|
114,555
|
|
|
134,000
|
5.76%, 07/15/2057
|
140,056
|
|
|
675,000
|
BOCA Commercial Mortgage Trust 6.72%,
08/15/2041, 1 mo. USD Term SOFR +
1.92%(1)(4)
|
677,736
|
|
|
310,000
|
BPR Trust 5.36%, 11/05/2029(1)(3)
|
309,996
|
|
|
|
BX Trust
|
|
|
|
630,000
|
5.82%, 10/15/2036, 1 mo. USD Term SOFR +
1.01%(1)(4)
|
625,866
|
|
|
115,000
|
6.89%, 03/15/2041, 1 mo. USD Term SOFR +
2.09%(1)(4)
|
115,359
|
|
|
18,775
|
Citigroup Commercial Mortgage Trust 3.61%,
11/10/2048
|
18,653
|
|
|
|
Commercial Mortgage Trust
|
|
|
|
100,000
|
2.82%, 01/10/2039(1)
|
92,097
|
|
|
35,000
|
3.18%, 02/10/2048
|
34,874
|
|
|
150,000
|
3.31%, 03/10/2048
|
149,066
|
|
|
110,000
|
3.38%, 01/10/2039(1)
|
98,344
|
|
|
250,000
|
6.34%, 08/10/2044(1)
|
257,477
|
|
|
22,533
|
CSAIL Commercial Mortgage Trust 4.36%,
11/15/2051(3)
|
22,293
|
|
|
52,569
|
CSMC Trust 2.26%, 08/15/2037(1)
|
50,545
|
|
|
280,000
|
DBGS Mortgage Trust 4.47%, 10/15/2051
|
268,075
|
|
|
|
DBJPM Mortgage Trust
|
|
|
|
460,006
|
1.70%, 09/15/2053(2)(3)
|
21,801
|
|
|
13,730
|
3.04%, 05/10/2049
|
13,562
|
|
|
120,000
|
DC Trust 5.73%, 04/13/2040(1)(3)
|
120,677
|
|
|
|
FREMF Mortgage Trust
|
|
|
|
295,000
|
3.60%, 04/25/2048(1)(3)
|
293,168
|
|
|
90,000
|
3.73%, 11/25/2049(1)(3)
|
89,653
|
|
|
225,000
|
3.95%, 06/25/2049(1)(3)
|
220,559
|
|
|
565,000
|
GS Mortgage Securities Corp. II 5.31%,
03/10/2041(1)(3)
|
560,972
|
|
|
375,000
|
GS Mortgage Securities Trust 3.44%,
11/10/2049(3)
|
363,759
|
|
|
200,000
|
Hawaii Hotel Trust 6.25%, 05/15/2038, 1 mo.
USD Term SOFR + 1.45%(1)(4)
|
199,687
|
|
|
170,000
|
HIH Trust 6.79%, 10/15/2041, 1 mo. USD Term
SOFR + 1.84%(1)(4)
|
169,787
|
|
|
150,000
|
HTL Commercial Mortgage Trust 5.88%,
05/10/2039(1)(3)
|
151,418
|
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
|
1,097,000
|
2.82%, 08/15/2049
|
1,056,264
|
|
|
390,000
|
5.80%, 10/05/2039(1)(3)
|
394,415
|
|
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
|
19,466
|
3.56%, 12/15/2048
|
19,303
|
|
|
635,000
|
3.58%, 03/17/2049
|
623,624
|
|
|
|
JPMDB Commercial Mortgage Securities Trust
|
|
|
|
44,399
|
2.95%, 06/15/2049
|
43,812
|
|
|
632,000
|
3.14%, 12/15/2049
|
602,761
|
|
|
87,106
|
3.24%, 10/15/2050
|
85,232
|
|
|
145,000
|
LEX Mortgage Trust 4.87%, 10/13/2033(1)(3)
|
142,258
|
|
|
330,000
|
MF1 Ltd. 6.51%, 02/19/2037, 1 mo. USD Term
SOFR + 1.75%(1)(4)
|
324,908
|
|
|
99,166
|
Morgan Stanley Bank of America Merrill Lynch
Trust 3.53%, 12/15/2047
|
98,948
|
|
|
383,182
|
MSWF Commercial Mortgage Trust 0.91%,
12/15/2056(2)(3)
|
24,274
|
|
|
285,000
|
NJ Trust 6.48%, 01/06/2029(1)(3)
|
297,174
|
|
|
100,000
|
ROCK Trust 5.39%, 11/13/2041(1)
|
99,584
|
|
|
50,000
|
SG Commercial Mortgage Securities Trust
2.63%, 03/15/2037(1)
|
47,219
|
|
|
|
4
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.2% - (continued)
|
||
|
$ 705,000
|
SHR Trust 6.75%, 10/15/2041, 1 mo. USD Term
SOFR + 1.95%(1)(4)
|
$705,879
|
|
|
525,000
|
TYSN Mortgage Trust 6.58%, 12/10/2033(1)(3)
|
543,276
|
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
1,594,667
|
1.00%, 08/15/2057(2)(3)
|
122,126
|
|
|
360,000
|
3.15%, 05/15/2048
|
356,925
|
|
|
719,000
|
3.43%, 03/15/2059
|
703,733
|
|
|
16,566
|
3.52%, 12/15/2048
|
16,443
|
|
|
420,000
|
3.64%, 03/15/2050
|
400,148
|
|
|
235,000
|
3.81%, 12/15/2048
|
231,971
|
|
|
|
Wells Fargo NA
|
|
|
|
3,963,081
|
0.63%, 11/15/2062(2)(3)
|
111,975
|
|
|
1,711,275
|
0.82%, 06/15/2057(2)(3)
|
103,894
|
|
|
919,206
|
0.93%, 02/15/2052(2)(3)
|
28,389
|
|
|
992,749
|
1.00%, 02/15/2056(2)(3)
|
58,894
|
|
|
880,923
|
1.00%, 12/15/2056(2)(3)
|
30,905
|
|
|
1,458,393
|
1.32%, 11/15/2053(2)(3)
|
89,565
|
|
|
1,881,000
|
1.35%, 09/15/2034(2)(3)
|
166,880
|
|
|
1,239,646
|
1.76%, 03/15/2063(2)(3)
|
100,357
|
|
|
145,000
|
4.41%, 11/15/2061(3)
|
141,510
|
|
|
355,000
|
5.72%, 06/15/2057
|
371,180
|
|
|
|
|
|
14,579,194
|
|
|
Other Asset-Backed Securities - 6.3%
|
||
|
|
Affirm Asset Securitization Trust
|
|
|
|
530,000
|
4.62%, 09/15/2029(1)
|
525,976
|
|
|
165,000
|
5.61%, 02/15/2029(1)
|
166,202
|
|
|
210,000
|
6.61%, 01/18/2028(1)
|
210,615
|
|
|
305,000
|
Aligned Data Centers Issuer LLC 6.00%,
08/17/2048(1)
|
308,961
|
|
|
205,000
|
AMSR Trust 4.15%, 11/17/2041(1)
|
195,648
|
|
|
220,000
|
Auxilior Term Funding LLC 5.49%, 07/15/2031(1)
|
222,744
|
|
|
400,000
|
Barings CLO Ltd. 6.72%, 01/20/2037, 3 mo.
USD Term SOFR + 2.10%(1)(4)
|
403,388
|
|
|
495,000
|
Battalion CLO 18 Ltd. 6.82%, 03/13/2037, 3 mo.
USD Term SOFR + 2.20%(1)(4)
|
500,010
|
|
|
315,000
|
Benefit Street Partners CLO XXXI Ltd. 6.98%,
04/25/2036, 3 mo. USD Term SOFR +
2.35%(1)(4)
|
317,159
|
|
|
9,186
|
BHG Securitization Trust 0.90%, 10/17/2034(1)
|
9,124
|
|
|
270,000
|
Birch Grove CLO 4 Ltd. 6.46%, 07/15/2037,
3 mo. USD Term SOFR + 1.80%(1)(4)
|
271,160
|
|
|
185,000
|
Blue Owl Asset Leasing Trust LLC 5.05%,
03/15/2029(1)
|
184,998
|
|
|
470,000
|
BlueMountain CLO XXXI Ltd. 6.03%,
04/19/2034, 3 mo. USD Term SOFR +
1.41%(1)(4)
|
470,529
|
|
|
460,000
|
BlueMountain CLO XXXIII Ltd. 6.58%,
11/20/2034, 3 mo. USD Term SOFR +
1.45%(1)(4)
|
460,517
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
94,245
|
1.53%, 03/15/2061(1)
|
88,286
|
|
|
126,765
|
1.69%, 07/15/2060(1)
|
122,791
|
|
|
97,713
|
5.97%, 08/15/2062(1)
|
97,555
|
|
|
221,285
|
Commercial Equipment Finance LLC 5.97%,
07/16/2029(1)
|
223,328
|
|
|
|
DB Master Finance LLC
|
|
|
|
145,875
|
2.79%, 11/20/2051(1)
|
123,767
|
|
|
698,250
|
4.35%, 05/20/2049(1)
|
670,321
|
|
|
160,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
162,269
|
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
|
441,515
|
2.66%, 04/25/2051(1)
|
399,198
|
|
|
432,000
|
3.67%, 10/25/2049(1)
|
400,855
|
|
|
206,800
|
4.12%, 07/25/2047(1)
|
201,230
|
|
|
435,000
|
Elmwood CLO 19 Ltd. 7.05%, 10/17/2036, 3 mo.
USD Term SOFR + 2.40%(1)(4)
|
439,082
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 6.3% - (continued)
|
||
|
$ 295,000
|
Elmwood CLO 23 Ltd. 6.90%, 04/16/2036, 3 mo.
USD Term SOFR + 2.25%(1)(4)
|
$296,469
|
|
|
|
FirstKey Homes Trust
|
|
|
|
153,470
|
4.15%, 05/19/2039(1)
|
150,113
|
|
|
585,698
|
4.25%, 07/17/2039(1)
|
573,647
|
|
|
750,000
|
Galaxy XXIV CLO Ltd. 6.19%, 04/15/2037,
3 mo. USD Term SOFR + 1.54%(1)(4)
|
753,172
|
|
|
250,000
|
Invesco U.S. CLO Ltd. 6.92%, 04/21/2036, 3 mo.
USD Term SOFR + 2.30%(1)(4)
|
251,200
|
|
|
250,000
|
Madison Park Funding LXVII Ltd. 6.14%,
04/25/2037, 3 mo. USD Term SOFR +
1.51%(1)(4)
|
251,251
|
|
|
500,000
|
Neuberger Berman Loan Advisers NBLA CLO
52 Ltd. 5.98%, 10/24/2038, 3 mo. USD Term
SOFR + 1.35%(1)(4)
|
500,000
|
|
|
510,000
|
New Economy Assets Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
466,005
|
|
|
410,000
|
Octagon 61 Ltd. 6.97%, 04/20/2036, 3 mo. USD
Term SOFR + 2.35%(1)(4)
|
410,773
|
|
|
|
Progress Residential Trust
|
|
|
|
400,235
|
1.51%, 10/17/2038(1)
|
379,117
|
|
|
140,595
|
3.20%, 04/17/2039(1)
|
134,864
|
|
|
396,777
|
4.44%, 05/17/2041(1)
|
386,560
|
|
|
104,574
|
4.45%, 06/17/2039(1)
|
103,343
|
|
|
177,717
|
4.75%, 10/27/2039(1)
|
176,368
|
|
|
8,403
|
Regional Management Issuance Trust 2.34%,
10/15/2030(1)
|
8,375
|
|
|
495,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
488,516
|
|
|
635,000
|
RR 23 Ltd. 7.31%, 10/15/2035, 3 mo. USD Term
SOFR + 2.65%(1)(4)
|
637,765
|
|
|
|
SCF Equipment Leasing LLC
|
|
|
|
140,000
|
5.52%, 01/20/2032(1)
|
142,354
|
|
|
310,662
|
6.56%, 01/22/2030(1)
|
315,547
|
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
|
60,000
|
1.89%, 08/25/2045(1)
|
58,376
|
|
|
285,000
|
5.90%, 07/25/2048(1)
|
288,646
|
|
|
130,000
|
5.90%, 03/25/2049(1)
|
131,176
|
|
|
154,612
|
Subway Funding LLC 6.03%, 07/30/2054(1)
|
155,716
|
|
|
75,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
72,318
|
|
|
145,622
|
Sunnova Hestia II Issuer LLC 5.63%,
07/20/2051(1)
|
146,236
|
|
|
350,000
|
Texas Debt Capital CLO Ltd. 6.92%,
04/20/2036, 3 mo. USD Term SOFR +
2.30%(1)(4)
|
351,673
|
|
|
|
Tricon Residential Trust
|
|
|
|
653,459
|
3.86%, 04/17/2039(1)
|
635,088
|
|
|
310,000
|
4.30%, 11/17/2029(1)
|
297,573
|
|
|
515,000
|
Vantage Data Centers Issuer LLC 1.65%,
09/15/2045(1)
|
499,055
|
|
|
330,000
|
VB-S1 Issuer LLC 5.59%, 05/15/2054(1)
|
332,003
|
|
|
390,000
|
Venture 42 CLO Ltd. 6.05%, 04/15/2034, 3 mo.
USD Term SOFR + 1.39%(1)(4)
|
390,326
|
|
|
297,979
|
Wellfleet CLO X Ltd. 6.05%, 07/20/2032, 3 mo.
USD Term SOFR + 1.43%(1)(4)
|
297,905
|
|
|
198,263
|
Wendy's Funding LLC 2.37%, 06/15/2051(1)
|
176,164
|
|
|
531,900
|
Wingstop Funding LLC 2.84%, 12/05/2050(1)
|
493,275
|
|
|
|
|
|
17,926,682
|
|
|
Whole Loan Collateral CMO - 6.3%
|
||
|
|
Angel Oak Mortgage Trust
|
|
|
|
74,825
|
0.91%, 01/25/2066(1)(3)
|
63,946
|
|
|
261,018
|
0.95%, 07/25/2066(1)(3)
|
218,818
|
|
|
34,954
|
0.99%, 04/25/2053(1)(3)
|
32,889
|
|
|
68,081
|
0.99%, 04/25/2066(1)(3)
|
58,061
|
|
|
174,420
|
1.04%, 01/20/2065(1)(3)
|
143,955
|
|
|
126,251
|
1.07%, 05/25/2066(1)(3)
|
107,323
|
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
$ 410,709
|
1.46%, 09/25/2066(1)(3)
|
$340,115
|
|
|
19,880
|
1.47%, 06/25/2065(1)(3)
|
18,707
|
|
|
34,957
|
1.69%, 04/25/2065(1)(3)
|
32,407
|
|
|
192,450
|
1.82%, 11/25/2066(1)(3)
|
167,608
|
|
|
529,978
|
2.88%, 12/25/2066(1)(5)
|
484,820
|
|
|
19,693
|
Arroyo Mortgage Trust 3.81%, 01/25/2049(1)(3)
|
19,007
|
|
|
126,247
|
BINOM Securitization Trust 2.03%,
06/25/2056(1)(3)
|
110,325
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
39,265
|
0.94%, 02/25/2049(1)(3)
|
35,196
|
|
|
48,610
|
0.97%, 03/25/2060(1)(3)
|
46,107
|
|
|
|
Bunker Hill Loan Depositary Trust
|
|
|
|
24,986
|
1.72%, 02/25/2055(1)(3)
|
24,296
|
|
|
16,688
|
2.88%, 07/25/2049(1)(5)
|
16,065
|
|
|
333,208
|
CIM Trust 1.43%, 07/25/2061(1)(3)
|
291,860
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
30,810
|
0.80%, 07/27/2054(1)
|
26,986
|
|
|
109,041
|
0.91%, 06/25/2066(1)(3)
|
91,601
|
|
|
183,753
|
0.92%, 08/25/2066(1)(3)
|
149,698
|
|
|
333,391
|
0.96%, 09/27/2066(1)(3)
|
268,029
|
|
|
419,597
|
1.11%, 10/25/2066(1)(3)
|
348,915
|
|
|
44,482
|
1.33%, 10/26/2065(1)(3)
|
40,147
|
|
|
233,841
|
1.40%, 10/25/2066(1)(3)
|
193,352
|
|
|
18,567
|
1.51%, 04/27/2065(1)(3)
|
17,824
|
|
|
463,794
|
2.28%, 12/27/2066(1)(3)
|
413,383
|
|
|
82,290
|
4.30%, 03/25/2067(1)(3)
|
80,671
|
|
|
218,761
|
COLT Trust 1.39%, 01/25/2065(1)(3)
|
186,023
|
|
|
|
CSMC Trust
|
|
|
|
81,972
|
0.83%, 03/25/2056(1)(3)
|
66,808
|
|
|
164,985
|
0.94%, 05/25/2066(1)(3)
|
136,104
|
|
|
394,687
|
1.17%, 07/25/2066(1)(3)
|
331,914
|
|
|
138,072
|
1.18%, 02/25/2066(1)(3)
|
120,761
|
|
|
211,540
|
1.84%, 10/25/2066(1)(3)
|
184,320
|
|
|
135,988
|
2.00%, 01/25/2060(1)(3)
|
120,249
|
|
|
63,036
|
2.21%, 05/25/2065(1)(5)
|
58,205
|
|
|
531,257
|
2.27%, 11/25/2066(1)(3)
|
469,184
|
|
|
68,318
|
4.09%, 12/27/2060(1)(3)
|
67,452
|
|
|
|
Deephaven Residential Mortgage Trust
|
|
|
|
19,390
|
0.72%, 05/25/2065(1)(3)
|
18,214
|
|
|
44,413
|
0.90%, 04/25/2066(1)(3)
|
39,051
|
|
|
|
Ellington Financial Mortgage Trust
|
|
|
|
26,677
|
0.80%, 02/25/2066(1)(3)
|
22,754
|
|
|
53,177
|
0.93%, 06/25/2066(1)(3)
|
43,682
|
|
|
18,402
|
1.18%, 10/25/2065(1)(3)
|
17,113
|
|
|
299,934
|
1.24%, 09/25/2066(1)(3)
|
240,840
|
|
|
243,376
|
2.21%, 01/25/2067(1)(3)
|
209,245
|
|
|
15,697
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust 2.50%, 08/25/2059
|
14,326
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
94,000
|
6.66%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(4)
|
94,526
|
|
|
334,961
|
8.11%, 09/25/2043, 30 day USD SOFR
Average + 3.25%(1)(4)
|
349,594
|
|
|
|
GCAT Trust
|
|
|
|
87,106
|
0.87%, 01/25/2066(1)(3)
|
72,878
|
|
|
94,608
|
1.04%, 05/25/2066(1)(3)
|
78,555
|
|
|
290,399
|
1.09%, 08/25/2066(1)(3)
|
236,135
|
|
|
415,268
|
1.26%, 07/25/2066(1)(3)
|
338,751
|
|
|
136,884
|
1.92%, 08/25/2066(1)(3)
|
124,946
|
|
|
16,641
|
2.56%, 04/25/2065(1)(5)
|
15,854
|
|
|
7,554
|
3.25%, 01/25/2060(1)(5)
|
7,328
|
|
|
|
Imperial Fund Mortgage Trust
|
|
|
|
155,977
|
1.07%, 09/25/2056(1)(3)
|
128,175
|
|
|
500,376
|
2.09%, 01/25/2057(1)(3)
|
423,103
|
|
|
570,933
|
3.64%, 03/25/2067(1)(5)
|
527,874
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
|
Legacy Mortgage Asset Trust
|
|
|
|
$ 77,092
|
4.65%, 11/25/2060(1)(5)
|
$75,360
|
|
|
68,035
|
4.75%, 04/25/2061(1)(5)
|
66,773
|
|
|
93,790
|
4.75%, 07/25/2061(1)(5)
|
93,348
|
|
|
|
MetLife Securitization Trust
|
|
|
|
33,866
|
3.75%, 03/25/2057(1)(3)
|
32,270
|
|
|
24,030
|
3.75%, 04/25/2058(1)(3)
|
23,496
|
|
|
|
MFA Trust
|
|
|
|
16,826
|
1.01%, 01/26/2065(1)(3)
|
15,613
|
|
|
111,347
|
1.03%, 11/25/2064(1)(3)
|
96,815
|
|
|
47,876
|
1.15%, 04/25/2065(1)(3)
|
43,423
|
|
|
7,976
|
Mill City Mortgage Loan Trust 3.50%,
05/25/2058(1)(3)
|
7,915
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
62,385
|
0.94%, 07/25/2055(1)(3)
|
56,518
|
|
|
36,905
|
0.94%, 10/25/2058(1)(3)
|
35,320
|
|
|
317,940
|
1.16%, 11/27/2056(1)(3)
|
276,184
|
|
|
12,773
|
1.65%, 05/24/2060(1)(3)
|
12,187
|
|
|
480,039
|
2.28%, 04/25/2061(1)(3)
|
415,192
|
|
|
75,439
|
3.50%, 12/25/2057(1)(3)
|
72,451
|
|
|
12,327
|
3.75%, 03/25/2056(1)(3)
|
11,579
|
|
|
33,068
|
3.75%, 11/25/2058(1)(3)
|
31,132
|
|
|
141,502
|
4.00%, 03/25/2057(1)(3)
|
134,578
|
|
|
154,130
|
4.00%, 12/25/2057(1)(3)
|
147,487
|
|
|
195,752
|
NMLT Trust 1.19%, 05/25/2056(1)(3)
|
165,215
|
|
|
|
OBX Trust
|
|
|
|
202,793
|
1.05%, 07/25/2061(1)(3)
|
163,365
|
|
|
132,558
|
1.07%, 02/25/2066(1)(3)
|
116,399
|
|
|
147,243
|
1.96%, 10/25/2061(1)(3)
|
122,983
|
|
|
416,812
|
2.31%, 11/25/2061(1)(3)
|
367,541
|
|
|
|
PRET LLC
|
|
|
|
137,988
|
4.74%, 07/25/2051(1)(5)
|
136,404
|
|
|
411,134
|
4.84%, 09/25/2051(1)(5)
|
403,232
|
|
|
93,688
|
4.87%, 07/25/2051(1)(5)
|
92,760
|
|
|
396,083
|
5.49%, 10/25/2051(1)(5)
|
394,140
|
|
|
164,257
|
Pretium Mortgage Credit Partners LLC 4.99%,
02/25/2061(1)(5)
|
160,984
|
|
|
|
PRPM LLC
|
|
|
|
70,272
|
1.32%, 07/25/2051(1)(5)
|
64,420
|
|
|
176,682
|
4.74%, 09/25/2026(1)(3)
|
174,529
|
|
|
122,252
|
4.79%, 06/25/2026(1)(5)
|
119,678
|
|
|
159,542
|
4.79%, 07/25/2026(1)(5)
|
157,227
|
|
|
184,763
|
4.87%, 04/25/2026(1)(5)
|
180,996
|
|
|
251,660
|
4.87%, 08/25/2026(1)(5)
|
246,771
|
|
|
39,205
|
5.36%, 11/25/2025(1)(5)
|
39,228
|
|
|
338,581
|
5.36%, 10/25/2026(1)(5)
|
336,652
|
|
|
29,381
|
Residential Mortgage Loan Trust 0.86%,
01/25/2065(1)(3)
|
27,896
|
|
|
89,969
|
STAR Trust 1.22%, 05/25/2065(1)(3)
|
83,237
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
30,538
|
0.94%, 05/25/2065(1)(3)
|
28,320
|
|
|
319,098
|
1.16%, 08/25/2056(1)(3)
|
282,778
|
|
|
13,079
|
1.49%, 04/25/2065(1)(3)
|
12,613
|
|
|
316,455
|
1.92%, 11/25/2066(1)(3)
|
272,711
|
|
|
|
Towd Point Mortgage Trust
|
|
|
|
93,705
|
1.75%, 10/25/2060(1)
|
83,717
|
|
|
90,329
|
2.75%, 10/25/2057(1)(3)
|
87,882
|
|
|
36,737
|
2.90%, 10/25/2059(1)(3)
|
34,838
|
|
|
331,510
|
2.92%, 11/30/2060(1)(3)
|
274,824
|
|
|
19,629
|
3.25%, 03/25/2058(1)(3)
|
19,213
|
|
|
147,788
|
3.75%, 03/25/2058(1)(3)
|
142,132
|
|
|
117,750
|
TRK Trust 1.15%, 07/25/2056(1)(3)
|
102,549
|
|
|
|
VCAT LLC
|
|
|
|
2,726
|
4.74%, 05/25/2051(1)(5)
|
2,663
|
|
|
191,910
|
4.87%, 08/25/2051(1)(5)
|
191,077
|
|
|
373,821
|
4.92%, 09/25/2051(1)(5)
|
370,602
|
|
|
6,187
|
5.12%, 03/27/2051(1)(5)
|
6,180
|
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
|
Verus Securitization Trust
|
|
|
|
$ 56,722
|
0.92%, 02/25/2064(1)(3)
|
$51,391
|
|
|
140,461
|
0.94%, 07/25/2066(1)(3)
|
115,017
|
|
|
590,543
|
1.01%, 09/25/2066(1)(3)
|
495,714
|
|
|
48,770
|
1.03%, 02/25/2066(1)(3)
|
43,395
|
|
|
209,568
|
1.82%, 11/25/2066(1)(3)
|
187,192
|
|
|
449,662
|
1.83%, 10/25/2066(1)(5)
|
396,357
|
|
|
34,288
|
2.22%, 05/25/2065(1)(5)
|
32,683
|
|
|
22,195
|
2.50%, 05/25/2065(1)(5)
|
21,351
|
|
|
326,262
|
2.72%, 01/25/2067(1)(5)
|
296,987
|
|
|
18,345
|
3.69%, 11/25/2059(1)(3)
|
18,043
|
|
|
179,780
|
VOLT CIII LLC 4.99%, 08/25/2051(1)(5)
|
176,760
|
|
|
71,668
|
VOLT XCIII LLC 4.89%, 02/27/2051(1)(5)
|
71,441
|
|
|
60,781
|
VOLT XCIV LLC 5.24%, 02/27/2051(1)(5)
|
60,526
|
|
|
79,447
|
VOLT XCIX LLC 5.12%, 04/25/2051(1)(5)
|
78,682
|
|
|
48,397
|
VOLT XCV LLC 5.24%, 03/27/2051(1)(5)
|
48,037
|
|
|
|
|
|
17,793,048
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $58,727,830)
|
$56,363,330
|
|
|
CORPORATE BONDS - 24.5%
|
|||
|
|
Aerospace/Defense - 0.4%
|
||
|
200,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
$201,872
|
|
|
|
Boeing Co.
|
|
|
|
30,000
|
2.95%, 02/01/2030
|
26,561
|
|
|
45,000
|
3.20%, 03/01/2029
|
41,121
|
|
|
70,000
|
5.15%, 05/01/2030
|
69,086
|
|
|
|
L3Harris Technologies, Inc.
|
|
|
|
115,000
|
5.05%, 06/01/2029
|
115,910
|
|
|
235,000
|
5.35%, 06/01/2034
|
237,762
|
|
|
235,000
|
Northrop Grumman Corp. 5.15%, 05/01/2040
|
229,725
|
|
|
90,000
|
RTX Corp. 5.75%, 11/08/2026
|
91,914
|
|
|
|
|
|
1,013,951
|
|
|
Agriculture - 0.5%
|
||
|
|
BAT Capital Corp.
|
|
|
|
135,000
|
5.83%, 02/20/2031
|
139,268
|
|
|
60,000
|
6.00%, 02/20/2034
|
62,085
|
|
|
|
Cargill, Inc.
|
|
|
|
255,000
|
2.13%, 11/10/2031(1)
|
214,039
|
|
|
110,000
|
4.00%, 06/22/2032(1)
|
104,250
|
|
|
60,000
|
4.75%, 04/24/2033(1)
|
59,282
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
55,000
|
4.75%, 11/01/2031
|
54,129
|
|
|
295,000
|
5.13%, 02/15/2030
|
298,635
|
|
|
135,000
|
5.13%, 02/13/2031
|
136,254
|
|
|
70,000
|
5.63%, 11/17/2029
|
72,609
|
|
|
185,000
|
5.63%, 09/07/2033
|
190,749
|
|
|
|
|
|
1,331,300
|
|
|
Apparel - 0.0%
|
||
|
|
Tapestry, Inc.
|
|
|
|
65,000
|
7.05%, 11/27/2025
|
65,990
|
|
|
34,000
|
7.70%, 11/27/2030
|
34,704
|
|
|
|
|
|
100,694
|
|
|
Auto Manufacturers - 0.2%
|
||
|
245,000
|
Hyundai Capital America 5.50%, 03/30/2026(1)
|
246,835
|
|
|
250,000
|
Mercedes-Benz Finance North America LLC
4.95%, 03/30/2025(1)
|
250,122
|
|
|
|
|
|
496,957
|
|
|
Biotechnology - 0.3%
|
||
|
|
Amgen, Inc.
|
|
|
|
75,000
|
5.25%, 03/02/2033
|
75,774
|
|
|
125,000
|
5.75%, 03/02/2063
|
125,181
|
|
|
115,000
|
CSL Finance PLC 4.25%, 04/27/2032(1)
|
110,229
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Biotechnology - 0.3% - (continued)
|
||
|
$ 105,000
|
Gilead Sciences, Inc. 5.25%, 10/15/2033
|
$107,176
|
|
|
|
Royalty Pharma PLC
|
|
|
|
80,000
|
2.15%, 09/02/2031
|
66,296
|
|
|
415,000
|
2.20%, 09/02/2030
|
354,467
|
|
|
115,000
|
5.15%, 09/02/2029
|
115,698
|
|
|
|
|
|
954,821
|
|
|
Chemicals - 0.4%
|
||
|
|
Celanese U.S. Holdings LLC
|
|
|
|
321,000
|
6.17%, 07/15/2027
|
328,278
|
|
|
125,000
|
6.35%, 11/15/2028
|
129,277
|
|
|
75,000
|
6.70%, 11/15/2033
|
79,735
|
|
|
320,000
|
Nutrien Ltd. 4.90%, 03/27/2028
|
322,317
|
|
|
|
Sherwin-Williams Co.
|
|
|
|
212,000
|
2.30%, 05/15/2030
|
186,014
|
|
|
2,000
|
2.95%, 08/15/2029
|
1,844
|
|
|
|
|
|
1,047,465
|
|
|
Commercial Banks - 6.2%
|
||
|
|
Bank of America Corp.
|
|
|
|
460,000
|
1.92%, 10/24/2031, (1.92% fixed rate until
10/24/2030; 6 mo. USD SOFR + 1.37%
thereafter)(6)
|
385,513
|
|
|
165,000
|
2.48%, 09/21/2036, (2.48% fixed rate until
09/21/2031; 5 yr. USD CMT + 1.20%
thereafter)(6)
|
135,340
|
|
|
150,000
|
2.59%, 04/29/2031, (2.59% fixed rate until
04/29/2030; 6 mo. USD SOFR + 2.15%
thereafter)(6)
|
132,542
|
|
|
1,000,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(6)
|
867,185
|
|
|
589,000
|
3.97%, 02/07/2030, (3.97% fixed rate until
02/07/2029; 3 mo. USD Term SOFR +
1.47% thereafter)(6)
|
566,858
|
|
|
195,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
193,542
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
65,000
|
4.98%, 03/14/2030, (4.98% fixed rate until
03/14/2029; 6 mo. USD SOFR + 1.09%
thereafter)(6)
|
65,471
|
|
|
110,000
|
5.06%, 07/22/2032, (5.06% fixed rate until
07/22/2031; 6 mo. USD SOFR + 1.23%
thereafter)(6)
|
110,454
|
|
|
190,000
|
5.19%, 03/14/2035, (5.19% fixed rate until
03/14/2034; 6 mo. USD SOFR + 1.42%
thereafter)(6)
|
190,586
|
|
|
155,000
|
6.32%, 10/25/2029, (6.32% fixed rate until
10/25/2028; 6 mo. USD SOFR + 1.60%
thereafter)(6)
|
163,639
|
|
|
|
Barclays PLC
|
|
|
|
205,000
|
4.94%, 09/10/2030, (4.94% fixed rate until
09/10/2029; 6 mo. USD SOFR + 1.56%
thereafter)(6)
|
202,699
|
|
|
310,000
|
5.69%, 03/12/2030, (5.69% fixed rate until
03/12/2029; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
315,510
|
|
|
210,000
|
BNP Paribas SA 5.34%, 06/12/2029, (5.34%
fixed rate until 06/12/2028; 1 yr. USD CMT +
1.50% thereafter)(1)(6)
|
212,600
|
|
|
|
BPCE SA
|
|
|
|
250,000
|
2.05%, 10/19/2027, (2.05% fixed rate until
10/19/2026; 6 mo. USD SOFR + 1.09%
thereafter)(1)(6)
|
235,825
|
|
|
|
7
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
$ 500,000
|
6.51%, 01/18/2035, (6.51% fixed rate until
01/18/2034; 6 mo. USD SOFR + 2.79%
thereafter)(1)(6)
|
$513,639
|
|
|
585,000
|
6.71%, 10/19/2029, (6.71% fixed rate until
10/19/2028; 6 mo. USD SOFR + 2.27%
thereafter)(1)(6)
|
615,183
|
|
|
250,000
|
CaixaBank SA 6.68%, 09/13/2027, (6.68% fixed
rate until 09/13/2026; 6 mo. USD SOFR +
2.08% thereafter)(1)(6)
|
257,523
|
|
|
140,000
|
Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed
rate until 02/13/2029; 6 mo. USD SOFR +
1.36% thereafter)(6)
|
140,941
|
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
190,000
|
5.72%, 07/23/2032, (5.72% fixed rate until
07/23/2031; 6 mo. USD SOFR + 1.91%
thereafter)(6)
|
191,799
|
|
|
230,000
|
5.84%, 01/23/2030, (5.84% fixed rate until
01/23/2029; 6 mo. USD SOFR + 2.01%
thereafter)(6)
|
234,876
|
|
|
50,000
|
6.65%, 04/25/2035, (6.65% fixed rate until
04/25/2034; 6 mo. USD SOFR + 2.33%
thereafter)(6)
|
53,364
|
|
|
35,000
|
Comerica, Inc. 5.98%, 01/30/2030, (5.98% fixed
rate until 01/30/2029; 6 mo. USD SOFR +
2.16% thereafter)(6)
|
35,460
|
|
|
405,000
|
Credit Agricole SA 5.34%, 01/10/2030, (5.34%
fixed rate until 01/10/2029; 6 mo. USD SOFR
+ 1.69% thereafter)(1)(6)
|
408,931
|
|
|
200,000
|
Danske Bank AS 6.26%, 09/22/2026, (6.26%
fixed rate until 09/22/2025; 1 yr. USD CMT +
1.18% thereafter)(1)(6)
|
202,107
|
|
|
|
Deutsche Bank AG
|
|
|
|
150,000
|
5.40%, 09/11/2035, (5.40% fixed rate until
09/11/2034; 6 mo. USD SOFR + 2.05%
thereafter)(6)
|
145,628
|
|
|
150,000
|
5.41%, 05/10/2029
|
152,248
|
|
|
35,000
|
Fifth Third Bancorp 6.34%, 07/27/2029, (6.34%
fixed rate until 07/27/2028; 6 mo. USD SOFR
+ 2.34% thereafter)(6)
|
36,522
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
75,000
|
1.99%, 01/27/2032, (1.99% fixed rate until
01/27/2031; 6 mo. USD SOFR + 1.09%
thereafter)(6)
|
62,562
|
|
|
140,000
|
2.38%, 07/21/2032, (2.38% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.25%
thereafter)(6)
|
118,011
|
|
|
106,000
|
2.60%, 02/07/2030
|
94,734
|
|
|
315,000
|
2.62%, 04/22/2032, (2.62% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.28%
thereafter)(6)
|
271,174
|
|
|
50,000
|
3.80%, 03/15/2030
|
47,316
|
|
|
210,000
|
4.69%, 10/23/2030, (4.69% fixed rate until
10/23/2029; 6 mo. USD SOFR + 1.14%
thereafter)(6)
|
207,254
|
|
|
115,000
|
5.02%, 10/23/2035, (5.02% fixed rate until
10/23/2034; 6 mo. USD SOFR + 1.42%
thereafter)(6)
|
112,287
|
|
|
275,000
|
5.05%, 07/23/2030, (5.05% fixed rate until
07/23/2029; 6 mo. USD SOFR + 1.21%
thereafter)(6)
|
275,635
|
|
|
215,000
|
5.73%, 04/25/2030, (5.73% fixed rate until
04/25/2029; 6 mo. USD SOFR + 1.27%
thereafter)(6)
|
221,047
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
|
HSBC Holdings PLC
|
|
|
|
$ 230,000
|
2.21%, 08/17/2029, (2.21% fixed rate until
08/17/2028; 6 mo. USD SOFR + 1.29%
thereafter)(6)
|
$207,130
|
|
|
205,000
|
4.58%, 06/19/2029, (4.58% fixed rate until
06/19/2028; 3 mo. USD Term SOFR +
1.80% thereafter)(6)
|
201,582
|
|
|
490,000
|
5.73%, 05/17/2032, (5.73% fixed rate until
05/17/2031; 6 mo. USD SOFR + 1.52%
thereafter)(6)
|
502,227
|
|
|
210,000
|
Intesa Sanpaolo SpA 7.80%, 11/28/2053(1)
|
241,583
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
224,000
|
1.95%, 02/04/2032, (1.95% fixed rate until
02/04/2031; 6 mo. USD SOFR + 1.07%
thereafter)(6)
|
187,375
|
|
|
320,000
|
2.55%, 11/08/2032, (2.55% fixed rate until
11/08/2031; 6 mo. USD SOFR + 1.18%
thereafter)(6)
|
273,022
|
|
|
70,000
|
2.58%, 04/22/2032, (2.58% fixed rate until
04/22/2031; 3 mo. USD Term SOFR +
1.25% thereafter)(6)
|
60,654
|
|
|
275,000
|
4.51%, 10/22/2028, (4.51% fixed rate until
10/22/2027; 6 mo. USD SOFR + 0.86%
thereafter)(6)
|
273,057
|
|
|
200,000
|
4.91%, 07/25/2033, (4.91% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.08%
thereafter)(6)
|
198,019
|
|
|
45,000
|
4.95%, 10/22/2035, (4.95% fixed rate until
10/22/2034; 6 mo. USD SOFR + 1.34%
thereafter)(6)
|
44,108
|
|
|
275,000
|
5.00%, 07/22/2030, (5.00% fixed rate until
07/22/2029; 6 mo. USD SOFR + 1.13%
thereafter)(6)
|
275,884
|
|
|
265,000
|
5.29%, 07/22/2035, (5.29% fixed rate until
07/22/2034; 6 mo. USD SOFR + 1.46%
thereafter)(6)
|
266,481
|
|
|
370,000
|
5.34%, 01/23/2035, (5.34% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.62%
thereafter)(6)
|
373,189
|
|
|
200,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(6)
|
205,154
|
|
|
130,000
|
6.07%, 10/22/2027, (6.07% fixed rate until
10/22/2026; 6 mo. USD SOFR + 1.33%
thereafter)(6)
|
133,325
|
|
|
215,000
|
6.09%, 10/23/2029, (6.09% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.57%
thereafter)(6)
|
224,264
|
|
|
30,000
|
M&T Bank Corp. 7.41%, 10/30/2029, (7.41%
fixed rate until 10/30/2028; 6 mo. USD SOFR
+ 2.80% thereafter)(6)
|
32,296
|
|
|
250,000
|
Manufacturers & Traders Trust Co. 4.70%,
01/27/2028
|
247,692
|
|
|
|
Morgan Stanley
|
|
|
|
242,000
|
1.79%, 02/13/2032, (1.79% fixed rate until
02/13/2031; 6 mo. USD SOFR + 1.03%
thereafter)(6)
|
199,463
|
|
|
45,000
|
1.93%, 04/28/2032, (1.93% fixed rate until
04/28/2031; 6 mo. USD SOFR + 1.02%
thereafter)(6)
|
37,175
|
|
|
87,000
|
2.19%, 04/28/2026, (2.19% fixed rate until
04/28/2025; 6 mo. USD SOFR + 1.99%
thereafter)(6)
|
85,778
|
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
$ 307,000
|
2.70%, 01/22/2031, (2.70% fixed rate until
01/22/2030; 6 mo. USD SOFR + 1.14%
thereafter)(6)
|
$274,672
|
|
|
141,000
|
3.97%, 07/22/2038(3)
|
122,690
|
|
|
50,000
|
5.45%, 07/20/2029, (5.45% fixed rate until
07/20/2028; 6 mo. USD SOFR + 1.63%
thereafter)(6)
|
50,965
|
|
|
235,000
|
5.66%, 04/18/2030, (5.66% fixed rate until
04/18/2029; 6 mo. USD SOFR + 1.26%
thereafter)(6)
|
241,240
|
|
|
245,000
|
NatWest Group PLC 5.85%, 03/02/2027, (5.85%
fixed rate until 03/02/2026; 1 yr. USD CMT +
1.35% thereafter)(6)
|
247,865
|
|
|
245,000
|
Norinchukin Bank 5.43%, 03/09/2028(1)(7)
|
248,435
|
|
|
200,000
|
PNC Financial Services Group, Inc. 4.81%,
10/21/2032, (4.81% fixed rate until
10/21/2031; 6 mo. USD SOFR + 1.26%
thereafter)(6)
|
196,082
|
|
|
495,000
|
Societe Generale SA 6.07%, 01/19/2035,
(6.07% fixed rate until 01/19/2034; 1 yr. USD
CMT + 2.10% thereafter)(1)(6)
|
500,717
|
|
|
200,000
|
Standard Chartered PLC 5.01%, 10/15/2030,
(5.01% fixed rate until 10/15/2029; 1 yr. USD
CMT + 1.15% thereafter)(1)(6)
|
197,627
|
|
|
|
UBS Group AG
|
|
|
|
250,000
|
3.09%, 05/14/2032, (3.09% fixed rate until
05/14/2031; 6 mo. USD SOFR + 1.73%
thereafter)(1)(6)
|
220,408
|
|
|
200,000
|
6.25%, 09/22/2029, (6.25% fixed rate until
09/22/2028; 1 yr. USD CMT + 1.80%
thereafter)(1)(6)
|
208,832
|
|
|
530,000
|
6.54%, 08/12/2033, (6.54% fixed rate until
08/12/2032; 6 mo. USD SOFR + 3.92%
thereafter)(1)(6)
|
569,259
|
|
|
|
Wells Fargo & Co.
|
|
|
|
300,000
|
2.88%, 10/30/2030, (2.88% fixed rate until
10/30/2029; 3 mo. USD Term SOFR +
1.43% thereafter)(6)
|
271,969
|
|
|
210,000
|
3.35%, 03/02/2033, (3.35% fixed rate until
03/02/2032; 6 mo. USD SOFR + 1.50%
thereafter)(6)
|
186,593
|
|
|
70,000
|
4.54%, 08/15/2026, (4.54% fixed rate until
08/15/2025; 6 mo. USD SOFR + 1.56%
thereafter)(6)
|
69,717
|
|
|
260,000
|
4.90%, 07/25/2033, (4.90% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.10%
thereafter)(6)
|
255,114
|
|
|
211,000
|
5.01%, 04/04/2051, (5.01% fixed rate until
04/04/2050; 3 mo. USD Term SOFR +
4.50% thereafter)(6)
|
197,158
|
|
|
140,000
|
5.50%, 01/23/2035, (5.50% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.78%
thereafter)(6)
|
141,992
|
|
|
500,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
510,602
|
|
|
150,000
|
6.30%, 10/23/2029, (6.30% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.79%
thereafter)(6)
|
157,191
|
|
|
120,000
|
6.49%, 10/23/2034, (6.49% fixed rate until
10/23/2033; 6 mo. USD SOFR + 2.06%
thereafter)(6)
|
129,664
|
|
|
|
|
|
17,444,255
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Services - 0.0%
|
||
|
|
Howard University
|
|
|
|
$ 100,000
|
2.90%, 10/01/2031
|
$84,934
|
|
|
70,000
|
3.48%, 10/01/2041
|
52,161
|
|
|
|
|
|
137,095
|
|
|
Construction Materials - 0.0%
|
||
|
45,000
|
Trane Technologies Financing Ltd. 5.10%,
06/13/2034
|
45,501
|
|
|
|
Diversified Financial Services - 0.4%
|
||
|
95,000
|
BlackRock Funding, Inc. 4.90%, 01/08/2035
|
94,820
|
|
|
|
Capital One Financial Corp.
|
|
|
|
105,000
|
1.88%, 11/02/2027, (1.88% fixed rate until
11/02/2026; 6 mo. USD SOFR + 0.86%
thereafter)(6)
|
98,990
|
|
|
140,000
|
3.27%, 03/01/2030, (3.27% fixed rate until
03/01/2029; 6 mo. USD SOFR + 1.79%
thereafter)(6)
|
129,812
|
|
|
65,000
|
5.25%, 07/26/2030, (5.25% fixed rate until
07/26/2029; 6 mo. USD SOFR + 2.60%
thereafter)(6)
|
65,005
|
|
|
460,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(6)
|
511,168
|
|
|
140,000
|
Discover Financial Services 7.96%, 11/02/2034,
(7.96% fixed rate until 11/02/2033; 6 mo.
USD SOFR + 3.37% thereafter)(6)
|
160,858
|
|
|
|
|
|
1,060,653
|
|
|
Electric - 4.1%
|
||
|
|
Alabama Power Co.
|
|
|
|
100,000
|
3.45%, 10/01/2049
|
73,175
|
|
|
42,000
|
4.15%, 08/15/2044
|
35,398
|
|
|
|
Arizona Public Service Co.
|
|
|
|
110,000
|
5.55%, 08/01/2033
|
111,430
|
|
|
30,000
|
6.35%, 12/15/2032
|
32,205
|
|
|
155,000
|
Baltimore Gas & Electric Co. 5.65%, 06/01/2054
|
159,714
|
|
|
|
CenterPoint Energy, Inc.
|
|
|
|
250,000
|
5.25%, 08/10/2026
|
251,828
|
|
|
225,000
|
5.40%, 06/01/2029
|
229,152
|
|
|
65,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
58,251
|
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
195,000
|
3.20%, 12/01/2051
|
133,348
|
|
|
85,000
|
5.70%, 05/15/2054
|
87,869
|
|
|
10,000
|
Dominion Energy, Inc. 6.30%, 03/15/2033
|
10,712
|
|
|
35,000
|
Duke Energy Carolinas LLC 3.55%, 03/15/2052
|
25,666
|
|
|
|
Duke Energy Corp.
|
|
|
|
95,000
|
2.45%, 06/01/2030
|
83,523
|
|
|
775,000
|
2.55%, 06/15/2031
|
666,252
|
|
|
70,000
|
3.50%, 06/15/2051
|
48,926
|
|
|
120,000
|
3.75%, 09/01/2046
|
90,198
|
|
|
25,000
|
5.00%, 08/15/2052
|
22,567
|
|
|
60,000
|
5.80%, 06/15/2054
|
60,149
|
|
|
82,000
|
Duke Energy Indiana LLC 3.25%, 10/01/2049
|
57,301
|
|
|
170,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
170,755
|
|
|
|
Edison International
|
|
|
|
95,000
|
4.13%, 03/15/2028
|
92,776
|
|
|
10,000
|
5.25%, 11/15/2028
|
10,073
|
|
|
120,000
|
5.25%, 03/15/2032
|
119,921
|
|
|
60,000
|
6.95%, 11/15/2029
|
64,871
|
|
|
234,000
|
Evergy, Inc. 2.90%, 09/15/2029
|
213,442
|
|
|
|
Eversource Energy
|
|
|
|
445,000
|
5.13%, 05/15/2033
|
439,019
|
|
|
245,000
|
5.45%, 03/01/2028
|
249,874
|
|
|
125,000
|
5.50%, 01/01/2034
|
125,878
|
|
|
70,000
|
FirstEnergy Corp. 3.90%, 07/15/2027(5)
|
68,325
|
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Electric - 4.1% - (continued)
|
||
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
|
$ 27,000
|
5.15%, 03/30/2026(1)
|
$27,018
|
|
|
15,000
|
5.20%, 04/01/2028(1)
|
15,113
|
|
|
250,000
|
Florida Power & Light Co. 4.63%, 05/15/2030
|
249,544
|
|
|
|
Georgia Power Co.
|
|
|
|
71,000
|
4.30%, 03/15/2042
|
61,892
|
|
|
240,000
|
4.65%, 05/16/2028
|
240,257
|
|
|
55,000
|
4.70%, 05/15/2032
|
54,446
|
|
|
147,000
|
ITC Holdings Corp. 2.95%, 05/14/2030(1)
|
132,345
|
|
|
70,000
|
Monongahela Power Co. 5.85%, 02/15/2034(1)
|
72,172
|
|
|
295,000
|
National Grid PLC 5.60%, 06/12/2028
|
301,966
|
|
|
554,000
|
NextEra Energy Capital Holdings, Inc. 2.25%,
06/01/2030
|
482,411
|
|
|
90,000
|
NSTAR Electric Co. 5.40%, 06/01/2034
|
91,960
|
|
|
|
Oglethorpe Power Corp.
|
|
|
|
184,000
|
5.05%, 10/01/2048
|
167,599
|
|
|
25,000
|
5.25%, 09/01/2050
|
23,233
|
|
|
25,000
|
5.80%, 06/01/2054(1)
|
25,447
|
|
|
115,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
116,389
|
|
|
225,000
|
Ohio Power Co. 5.00%, 06/01/2033
|
222,019
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
755,000
|
2.50%, 02/01/2031
|
647,686
|
|
|
175,000
|
3.25%, 06/01/2031
|
156,187
|
|
|
260,000
|
4.55%, 07/01/2030
|
252,402
|
|
|
215,000
|
5.45%, 06/15/2027
|
217,969
|
|
|
140,000
|
6.10%, 01/15/2029
|
145,367
|
|
|
95,000
|
6.15%, 01/15/2033
|
99,408
|
|
|
175,000
|
6.40%, 06/15/2033
|
186,236
|
|
|
105,000
|
Public Service Electric & Gas Co. 5.45%,
03/01/2054
|
106,607
|
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
50,000
|
5.45%, 04/01/2034
|
50,566
|
|
|
95,000
|
6.13%, 10/15/2033
|
100,558
|
|
|
|
Puget Energy, Inc.
|
|
|
|
699,000
|
3.65%, 05/15/2025
|
692,816
|
|
|
60,000
|
4.22%, 03/15/2032
|
55,011
|
|
|
|
Southern California Edison Co.
|
|
|
|
77,000
|
2.25%, 06/01/2030
|
67,433
|
|
|
75,000
|
2.75%, 02/01/2032
|
64,957
|
|
|
216,000
|
3.65%, 02/01/2050
|
160,885
|
|
|
2,000
|
4.00%, 04/01/2047
|
1,610
|
|
|
505,000
|
4.90%, 06/01/2026
|
507,387
|
|
|
100,000
|
5.20%, 06/01/2034
|
100,292
|
|
|
85,000
|
5.75%, 04/15/2054
|
86,998
|
|
|
|
Southern Co.
|
|
|
|
4,000
|
3.25%, 07/01/2026
|
3,910
|
|
|
153,000
|
3.70%, 04/30/2030
|
144,262
|
|
|
190,000
|
4.85%, 06/15/2028
|
191,243
|
|
|
240,000
|
4.85%, 03/15/2035
|
233,439
|
|
|
175,000
|
5.20%, 06/15/2033
|
175,721
|
|
|
95,000
|
5.70%, 03/15/2034
|
98,753
|
|
|
55,000
|
Southwestern Electric Power Co. 5.30%,
04/01/2033
|
55,103
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
62,000
|
2.45%, 12/15/2050
|
36,583
|
|
|
310,000
|
5.00%, 04/01/2033
|
307,875
|
|
|
315,000
|
5.00%, 01/15/2034
|
312,222
|
|
|
75,000
|
5.05%, 08/15/2034
|
74,520
|
|
|
50,000
|
5.35%, 01/15/2054
|
48,969
|
|
|
110,000
|
Wisconsin Power & Light Co. 5.38%, 03/30/2034
|
111,424
|
|
|
80,000
|
Xcel Energy, Inc. 4.60%, 06/01/2032
|
76,792
|
|
|
|
|
|
11,647,600
|
|
|
Entertainment - 0.4%
|
||
|
|
Warnermedia Holdings, Inc.
|
|
|
|
500,000
|
4.28%, 03/15/2032
|
438,167
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Entertainment - 0.4% - (continued)
|
||
|
$ 215,000
|
5.05%, 03/15/2042
|
$171,579
|
|
|
850,000
|
5.14%, 03/15/2052
|
640,236
|
|
|
|
|
|
1,249,982
|
|
|
Environmental Control - 0.3%
|
||
|
|
Republic Services, Inc.
|
|
|
|
80,000
|
1.45%, 02/15/2031
|
65,576
|
|
|
245,000
|
5.20%, 11/15/2034
|
247,820
|
|
|
|
Waste Management, Inc.
|
|
|
|
250,000
|
4.95%, 07/03/2031
|
252,251
|
|
|
240,000
|
4.95%, 03/15/2035
|
238,227
|
|
|
|
|
|
803,874
|
|
|
Food - 0.2%
|
||
|
|
Conagra Brands, Inc.
|
|
|
|
307,000
|
4.85%, 11/01/2028
|
306,140
|
|
|
210,000
|
5.30%, 10/01/2026
|
211,974
|
|
|
|
Tyson Foods, Inc.
|
|
|
|
30,000
|
5.40%, 03/15/2029
|
30,509
|
|
|
75,000
|
5.70%, 03/15/2034
|
76,445
|
|
|
|
|
|
625,068
|
|
|
Gas - 0.7%
|
||
|
250,000
|
Atmos Energy Corp. 5.90%, 11/15/2033
|
266,054
|
|
|
125,000
|
Boston Gas Co. 3.76%, 03/16/2032(1)
|
112,116
|
|
|
235,000
|
Brooklyn Union Gas Co. 4.87%, 08/05/2032(1)
|
224,666
|
|
|
55,000
|
East Ohio Gas Co. 3.00%, 06/15/2050(1)
|
35,072
|
|
|
|
NiSource, Inc.
|
|
|
|
75,000
|
1.70%, 02/15/2031
|
61,977
|
|
|
242,000
|
3.49%, 05/15/2027
|
235,534
|
|
|
250,000
|
5.25%, 03/30/2028
|
253,601
|
|
|
90,000
|
5.40%, 06/30/2033
|
90,948
|
|
|
|
Southern California Gas Co.
|
|
|
|
265,000
|
5.20%, 06/01/2033
|
268,757
|
|
|
266,000
|
5.60%, 04/01/2054
|
269,174
|
|
|
25,000
|
5.75%, 06/01/2053
|
25,772
|
|
|
|
Southwest Gas Corp.
|
|
|
|
199,000
|
2.20%, 06/15/2030
|
171,106
|
|
|
35,000
|
4.15%, 06/01/2049
|
27,579
|
|
|
|
|
|
2,042,356
|
|
|
Healthcare - Products - 0.2%
|
||
|
200,000
|
Alcon Finance Corp. 3.00%, 09/23/2029(1)
|
184,945
|
|
|
85,000
|
Smith & Nephew PLC 5.40%, 03/20/2034
|
85,412
|
|
|
|
Solventum Corp.
|
|
|
|
235,000
|
5.40%, 03/01/2029(1)
|
237,992
|
|
|
35,000
|
5.45%, 03/13/2031(1)
|
35,294
|
|
|
|
|
|
543,643
|
|
|
Healthcare - Services - 0.9%
|
||
|
295,000
|
Cigna Group 5.00%, 05/15/2029
|
296,514
|
|
|
165,000
|
CommonSpirit Health 5.21%, 12/01/2031
|
165,875
|
|
|
|
Elevance Health, Inc.
|
|
|
|
155,000
|
4.50%, 10/30/2026
|
154,767
|
|
|
260,000
|
4.95%, 11/01/2031
|
258,156
|
|
|
|
HCA, Inc.
|
|
|
|
45,000
|
5.38%, 02/01/2025
|
45,002
|
|
|
30,000
|
5.45%, 04/01/2031
|
30,335
|
|
|
80,000
|
5.45%, 09/15/2034
|
79,432
|
|
|
205,000
|
5.60%, 04/01/2034
|
206,094
|
|
|
175,000
|
Kaiser Foundation Hospitals 2.81%, 06/01/2041
|
128,126
|
|
|
205,000
|
Laboratory Corp. of America Holdings 4.55%,
04/01/2032
|
196,873
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
20,000
|
3.50%, 08/15/2039
|
16,385
|
|
|
87,000
|
4.75%, 07/15/2045
|
80,071
|
|
|
185,000
|
4.95%, 01/15/2032
|
185,426
|
|
|
35,000
|
4.95%, 05/15/2062
|
31,833
|
|
|
105,000
|
5.35%, 02/15/2033
|
107,829
|
|
|
|
10
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Healthcare - Services - 0.9% - (continued)
|
||
|
$ 275,000
|
5.38%, 04/15/2054
|
$270,343
|
|
|
140,000
|
5.75%, 07/15/2064
|
142,681
|
|
|
55,000
|
5.88%, 02/15/2053
|
57,641
|
|
|
65,000
|
6.05%, 02/15/2063
|
69,036
|
|
|
|
|
|
2,522,419
|
|
|
Household Products - 0.1%
|
||
|
245,000
|
Kenvue, Inc. 5.50%, 03/22/2025
|
245,446
|
|
|
|
Insurance - 1.2%
|
||
|
25,000
|
Aon Corp./Aon Global Holdings PLC 5.35%,
02/28/2033
|
25,326
|
|
|
325,000
|
Aon North America, Inc. 5.45%, 03/01/2034
|
329,930
|
|
|
|
Athene Global Funding
|
|
|
|
350,000
|
2.65%, 10/04/2031(1)
|
295,969
|
|
|
80,000
|
2.72%, 01/07/2029(1)
|
72,598
|
|
|
345,000
|
4.72%, 10/08/2029(1)
|
338,722
|
|
|
330,000
|
5.68%, 02/23/2026(1)
|
332,614
|
|
|
70,000
|
Athene Holding Ltd. 5.88%, 01/15/2034
|
71,270
|
|
|
315,000
|
Brighthouse Financial Global Funding 5.65%,
06/10/2029(1)
|
318,774
|
|
|
135,000
|
Corebridge Financial, Inc. 5.75%, 01/15/2034
|
138,202
|
|
|
|
Corebridge Global Funding
|
|
|
|
245,000
|
5.20%, 06/24/2029(1)
|
246,711
|
|
|
50,000
|
5.90%, 09/19/2028(1)
|
51,631
|
|
|
200,000
|
Equitable Financial Life Global Funding 1.80%,
03/08/2028(1)
|
180,685
|
|
|
85,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
83,365
|
|
|
80,000
|
Marsh & McLennan Cos., Inc. 4.75%,
03/15/2039
|
75,750
|
|
|
320,000
|
Metropolitan Life Global Funding I 2.40%,
01/11/2032(1)
|
271,073
|
|
|
190,000
|
Principal Financial Group, Inc. 5.38%,
03/15/2033
|
193,413
|
|
|
40,000
|
Principal Life Global Funding II 5.10%,
01/25/2029(1)
|
40,432
|
|
|
150,000
|
Protective Life Global Funding 5.22%,
06/12/2029(1)
|
152,890
|
|
|
259,000
|
Willis North America, Inc. 2.95%, 09/15/2029
|
236,361
|
|
|
|
|
|
3,455,716
|
|
|
Internet - 0.1%
|
||
|
375,000
|
Meta Platforms, Inc. 4.60%, 05/15/2028
|
377,513
|
|
|
65,000
|
Uber Technologies, Inc. 4.80%, 09/15/2034
|
63,012
|
|
|
|
|
|
440,525
|
|
|
Investment Company Security - 0.2%
|
||
|
525,000
|
Bain Capital Specialty Finance, Inc. 2.55%,
10/13/2026
|
495,240
|
|
|
|
IT Services - 0.3%
|
||
|
410,000
|
Accenture Capital, Inc. 4.25%, 10/04/2031
|
397,385
|
|
|
250,000
|
Apple, Inc. 4.15%, 05/10/2030
|
248,626
|
|
|
170,000
|
Hewlett Packard Enterprise Co. 5.00%,
10/15/2034
|
164,968
|
|
|
|
|
|
810,979
|
|
|
Machinery-Diversified - 0.1%
|
||
|
|
AGCO Corp.
|
|
|
|
45,000
|
5.45%, 03/21/2027
|
45,494
|
|
|
30,000
|
5.80%, 03/21/2034
|
30,513
|
|
|
365,000
|
Otis Worldwide Corp. 2.57%, 02/15/2030
|
325,583
|
|
|
|
|
|
401,590
|
|
|
Media - 1.2%
|
||
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
|
|
40,000
|
3.50%, 03/01/2042
|
27,034
|
|
|
35,000
|
3.70%, 04/01/2051
|
21,861
|
|
|
191,000
|
3.85%, 04/01/2061
|
114,718
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Media - 1.2% - (continued)
|
||
|
$ 482,000
|
4.20%, 03/15/2028
|
$464,465
|
|
|
380,000
|
4.40%, 12/01/2061
|
253,885
|
|
|
315,000
|
6.55%, 06/01/2034
|
320,891
|
|
|
|
Comcast Corp.
|
|
|
|
215,000
|
2.89%, 11/01/2051
|
136,477
|
|
|
379,000
|
3.20%, 07/15/2036
|
312,441
|
|
|
210,000
|
3.75%, 04/01/2040
|
173,456
|
|
|
425,000
|
4.55%, 01/15/2029
|
423,689
|
|
|
90,000
|
5.65%, 06/01/2054
|
91,309
|
|
|
|
Cox Communications, Inc.
|
|
|
|
195,000
|
2.60%, 06/15/2031(1)
|
165,086
|
|
|
275,000
|
5.45%, 09/01/2034(1)
|
268,041
|
|
|
23,000
|
Discovery Communications LLC 4.13%,
05/15/2029
|
21,397
|
|
|
|
Paramount Global
|
|
|
|
40,000
|
4.20%, 05/19/2032
|
34,857
|
|
|
165,000
|
4.38%, 03/15/2043
|
118,907
|
|
|
70,000
|
4.95%, 01/15/2031
|
65,030
|
|
|
20,000
|
4.95%, 05/19/2050
|
14,911
|
|
|
240,000
|
5.85%, 09/01/2043
|
204,252
|
|
|
50,000
|
6.88%, 04/30/2036
|
49,873
|
|
|
|
|
|
3,282,580
|
|
|
Mining - 0.6%
|
||
|
|
BHP Billiton Finance USA Ltd.
|
|
|
|
150,000
|
4.90%, 02/28/2033
|
149,684
|
|
|
210,000
|
5.25%, 09/08/2033
|
213,480
|
|
|
|
Glencore Funding LLC
|
|
|
|
350,000
|
5.37%, 04/04/2029(1)
|
354,972
|
|
|
387,000
|
5.63%, 04/04/2034(1)
|
392,992
|
|
|
240,000
|
6.38%, 10/06/2030(1)
|
254,958
|
|
|
195,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
210,782
|
|
|
|
|
|
1,576,868
|
|
|
Office/Business Equipment - 0.0%
|
||
|
80,000
|
CDW LLC/CDW Finance Corp. 2.67%,
12/01/2026
|
76,332
|
|
|
|
Oil & Gas - 1.4%
|
||
|
|
Aker BP ASA
|
|
|
|
200,000
|
3.10%, 07/15/2031(1)
|
175,069
|
|
|
155,000
|
5.80%, 10/01/2054(1)
|
145,188
|
|
|
|
BP Capital Markets America, Inc.
|
|
|
|
90,000
|
3.06%, 06/17/2041
|
66,619
|
|
|
130,000
|
3.38%, 02/08/2061
|
86,193
|
|
|
225,000
|
4.81%, 02/13/2033
|
220,377
|
|
|
35,000
|
4.89%, 09/11/2033
|
34,409
|
|
|
65,000
|
5.23%, 11/17/2034
|
65,332
|
|
|
|
ConocoPhillips Co.
|
|
|
|
231,000
|
3.80%, 03/15/2052
|
175,607
|
|
|
75,000
|
4.03%, 03/15/2062
|
56,946
|
|
|
55,000
|
5.30%, 05/15/2053
|
53,008
|
|
|
105,000
|
5.70%, 09/15/2063
|
105,982
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
40,000
|
5.75%, 04/18/2054
|
38,853
|
|
|
45,000
|
5.90%, 04/18/2064
|
43,583
|
|
|
35,000
|
6.25%, 03/15/2053
|
36,167
|
|
|
315,000
|
Eni SpA 5.50%, 05/15/2034(1)
|
316,735
|
|
|
232,000
|
Equinor ASA 3.63%, 04/06/2040
|
191,712
|
|
|
|
Hess Corp.
|
|
|
|
143,000
|
7.13%, 03/15/2033
|
160,213
|
|
|
221,000
|
7.30%, 08/15/2031
|
247,218
|
|
|
60,000
|
Ovintiv, Inc. 7.38%, 11/01/2031
|
65,764
|
|
|
|
Phillips 66 Co.
|
|
|
|
165,000
|
4.95%, 12/01/2027
|
166,600
|
|
|
195,000
|
5.25%, 06/15/2031
|
196,668
|
|
|
61,000
|
5.30%, 06/30/2033
|
61,097
|
|
|
|
11
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Oil & Gas - 1.4% - (continued)
|
||
|
$ 200,000
|
Pioneer Natural Resources Co. 5.10%,
03/29/2026
|
$201,499
|
|
|
200,000
|
Saudi Arabian Oil Co. 5.25%, 07/17/2034(1)
|
200,156
|
|
|
75,000
|
Shell Finance U.S., Inc. 3.25%, 04/06/2050
|
52,798
|
|
|
265,000
|
Shell International Finance BV 3.00%,
11/26/2051
|
175,732
|
|
|
|
TotalEnergies Capital SA
|
|
|
|
135,000
|
4.72%, 09/10/2034
|
131,785
|
|
|
20,000
|
5.28%, 09/10/2054
|
19,193
|
|
|
170,000
|
5.43%, 09/10/2064
|
163,635
|
|
|
275,000
|
5.64%, 04/05/2064
|
274,033
|
|
|
|
|
|
3,928,171
|
|
|
Pharmaceuticals - 0.5%
|
||
|
|
AbbVie, Inc.
|
|
|
|
73,000
|
3.20%, 11/21/2029
|
68,236
|
|
|
145,000
|
4.95%, 03/15/2031
|
146,491
|
|
|
40,000
|
5.40%, 03/15/2054
|
40,303
|
|
|
135,000
|
Bristol-Myers Squibb Co. 5.55%, 02/22/2054
|
136,556
|
|
|
|
CVS Health Corp.
|
|
|
|
214,000
|
2.70%, 08/21/2040
|
142,510
|
|
|
7,000
|
4.13%, 04/01/2040
|
5,653
|
|
|
325,000
|
5.00%, 01/30/2029
|
323,927
|
|
|
165,000
|
5.05%, 03/25/2048
|
142,350
|
|
|
|
Eli Lilly & Co.
|
|
|
|
70,000
|
4.20%, 08/14/2029
|
69,188
|
|
|
50,000
|
4.60%, 08/14/2034
|
48,871
|
|
|
10,000
|
5.05%, 08/14/2054
|
9,707
|
|
|
250,000
|
Pfizer Investment Enterprises Pte. Ltd. 4.45%,
05/19/2028
|
249,080
|
|
|
|
|
|
1,382,872
|
|
|
Pipelines - 1.1%
|
||
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
58,000
|
5.10%, 10/01/2031(1)
|
56,710
|
|
|
100,000
|
5.68%, 01/15/2034(1)
|
99,779
|
|
|
100,000
|
6.04%, 08/15/2028(1)
|
102,936
|
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
225,000
|
5.93%, 08/15/2030(1)
|
233,814
|
|
|
55,000
|
6.04%, 11/15/2033(1)
|
56,956
|
|
|
310,000
|
EIG Pearl Holdings SARL 3.55%, 08/31/2036(1)
|
268,469
|
|
|
|
Enbridge, Inc.
|
|
|
|
265,000
|
5.63%, 04/05/2034
|
269,477
|
|
|
105,000
|
5.70%, 03/08/2033
|
107,674
|
|
|
30,000
|
6.00%, 11/15/2028
|
31,283
|
|
|
|
Energy Transfer LP
|
|
|
|
25,000
|
5.15%, 03/15/2045
|
22,311
|
|
|
60,000
|
5.25%, 07/01/2029
|
60,596
|
|
|
125,000
|
6.40%, 12/01/2030
|
132,523
|
|
|
|
Enterprise Products Operating LLC
|
|
|
|
40,000
|
3.30%, 02/15/2053
|
27,315
|
|
|
140,000
|
4.95%, 02/15/2035
|
137,734
|
|
|
200,000
|
Galaxy Pipeline Assets Bidco Ltd. 2.63%,
03/31/2036(1)
|
165,617
|
|
|
200,000
|
Greensaif Pipelines Bidco SARL 5.85%,
02/23/2036(1)
|
200,203
|
|
|
|
MPLX LP
|
|
|
|
50,000
|
2.65%, 08/15/2030
|
43,998
|
|
|
135,000
|
5.50%, 06/01/2034
|
134,730
|
|
|
|
ONEOK, Inc.
|
|
|
|
100,000
|
4.40%, 10/15/2029
|
97,410
|
|
|
85,000
|
4.75%, 10/15/2031
|
83,004
|
|
|
125,000
|
5.05%, 11/01/2034
|
121,285
|
|
|
150,000
|
5.85%, 11/01/2064
|
144,734
|
|
|
60,000
|
6.10%, 11/15/2032
|
63,153
|
|
|
130,000
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp. 4.00%, 01/15/2032
|
119,124
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Pipelines - 1.1% - (continued)
|
||
|
$ 175,000
|
Transcontinental Gas Pipe Line Co. LLC 3.25%,
05/15/2030
|
$159,875
|
|
|
|
Whistler Pipeline LLC
|
|
|
|
10,000
|
5.40%, 09/30/2029(1)
|
10,044
|
|
|
85,000
|
5.70%, 09/30/2031(1)
|
85,823
|
|
|
65,000
|
5.95%, 09/30/2034(1)
|
65,625
|
|
|
|
|
|
3,102,202
|
|
|
Real Estate Investment Trusts - 0.6%
|
||
|
|
American Tower Corp.
|
|
|
|
110,000
|
3.80%, 08/15/2029
|
104,600
|
|
|
275,000
|
5.25%, 07/15/2028
|
278,278
|
|
|
|
Crown Castle, Inc.
|
|
|
|
40,000
|
2.50%, 07/15/2031
|
33,901
|
|
|
20,000
|
3.25%, 01/15/2051
|
13,599
|
|
|
214,000
|
3.80%, 02/15/2028
|
206,789
|
|
|
275,000
|
4.80%, 09/01/2028
|
273,497
|
|
|
211,000
|
5.60%, 06/01/2029
|
216,283
|
|
|
135,000
|
GLP Capital LP/GLP Financing II, Inc. 5.30%,
01/15/2029
|
134,463
|
|
|
85,000
|
NNN, Inc. 5.50%, 06/15/2034
|
86,022
|
|
|
135,000
|
Realty Income Corp. 4.90%, 07/15/2033
|
132,719
|
|
|
235,000
|
Simon Property Group LP 4.75%, 09/26/2034
|
225,524
|
|
|
|
|
|
1,705,675
|
|
|
Retail - 0.3%
|
||
|
|
AutoZone, Inc.
|
|
|
|
155,000
|
5.40%, 07/15/2034
|
155,931
|
|
|
125,000
|
6.55%, 11/01/2033
|
135,981
|
|
|
40,000
|
Home Depot, Inc. 5.30%, 06/25/2054
|
39,740
|
|
|
180,000
|
Lowe's Cos., Inc. 4.80%, 04/01/2026
|
180,455
|
|
|
|
O'Reilly Automotive, Inc.
|
|
|
|
89,000
|
4.70%, 06/15/2032
|
87,070
|
|
|
125,000
|
5.75%, 11/20/2026
|
127,493
|
|
|
|
|
|
726,670
|
|
|
Semiconductors - 0.6%
|
||
|
|
Broadcom, Inc.
|
|
|
|
280,000
|
4.15%, 02/15/2028
|
275,085
|
|
|
100,000
|
5.05%, 07/12/2029
|
100,853
|
|
|
600,000
|
Foundry JV Holdco LLC 6.15%, 01/25/2032(1)
|
610,068
|
|
|
|
Intel Corp.
|
|
|
|
143,000
|
3.25%, 11/15/2049
|
91,307
|
|
|
145,000
|
3.73%, 12/08/2047
|
100,834
|
|
|
90,000
|
4.75%, 03/25/2050
|
73,649
|
|
|
170,000
|
5.15%, 02/21/2034
|
166,088
|
|
|
55,000
|
5.90%, 02/10/2063
|
52,232
|
|
|
175,000
|
Marvell Technology, Inc. 5.75%, 02/15/2029
|
180,171
|
|
|
180,000
|
NVIDIA Corp. 3.50%, 04/01/2040
|
152,081
|
|
|
|
|
|
1,802,368
|
|
|
Software - 0.3%
|
||
|
105,000
|
Constellation Software, Inc. 5.46%,
02/16/2034(1)
|
106,697
|
|
|
|
Oracle Corp.
|
|
|
|
70,000
|
2.95%, 04/01/2030
|
63,511
|
|
|
219,000
|
3.60%, 04/01/2040
|
174,424
|
|
|
67,000
|
3.80%, 11/15/2037
|
56,868
|
|
|
330,000
|
5.38%, 07/15/2040
|
322,967
|
|
|
36,000
|
6.15%, 11/09/2029
|
38,085
|
|
|
205,000
|
Roper Technologies, Inc. 4.75%, 02/15/2032
|
201,877
|
|
|
|
|
|
964,429
|
|
|
Telecommunications - 0.6%
|
||
|
|
AT&T, Inc.
|
|
|
|
265,000
|
2.55%, 12/01/2033
|
215,565
|
|
|
165,000
|
3.50%, 06/01/2041
|
129,354
|
|
|
49,000
|
3.65%, 09/15/2059
|
33,623
|
|
|
35,000
|
5.40%, 02/15/2034
|
35,536
|
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Telecommunications - 0.6% - (continued)
|
||
|
$ 245,000
|
5.54%, 02/20/2026
|
$244,978
|
|
|
|
Cisco Systems, Inc.
|
|
|
|
210,000
|
4.95%, 02/26/2031
|
212,754
|
|
|
85,000
|
5.35%, 02/26/2064
|
85,305
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
210,000
|
3.00%, 02/15/2041
|
154,274
|
|
|
110,000
|
3.88%, 04/15/2030
|
104,469
|
|
|
175,000
|
4.70%, 01/15/2035
|
168,577
|
|
|
200,000
|
4.80%, 07/15/2028
|
200,090
|
|
|
|
|
|
1,584,525
|
|
|
Transportation - 0.0%
|
||
|
105,000
|
Ryder System, Inc. 4.90%, 12/01/2029
|
104,777
|
|
|
|
Trucking & Leasing - 0.1%
|
||
|
|
Penske Truck Leasing Co. LP/PTL Finance
Corp.
|
|
|
|
55,000
|
4.40%, 07/01/2027(1)
|
54,314
|
|
|
55,000
|
5.35%, 03/30/2029(1)
|
55,646
|
|
|
7,000
|
5.55%, 05/01/2028(1)
|
7,134
|
|
|
75,000
|
6.05%, 08/01/2028(1)
|
77,617
|
|
|
|
|
|
194,711
|
|
|
Total Corporate Bonds
(cost $70,759,899)
|
$69,349,310
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 1.4%
|
|||
|
|
Bermuda - 0.2%
|
||
|
|
Bermuda Government International Bonds
|
|
|
|
400,000
|
2.38%, 08/20/2030(8)
|
$343,200
|
|
|
200,000
|
5.00%, 07/15/2032(8)
|
195,000
|
|
|
|
|
|
538,200
|
|
|
Hungary - 0.3%
|
||
|
|
Hungary Government International Bonds
|
|
|
|
305,000
|
5.50%, 03/26/2036(1)
|
293,900
|
|
|
465,000
|
6.13%, 05/22/2028(1)
|
478,355
|
|
|
|
|
|
772,255
|
|
|
Israel - 0.0%
|
||
|
200,000
|
Israel Government International Bonds 5.75%,
03/12/2054
|
182,801
|
|
|
|
Mexico - 0.4%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
890,000
|
6.00%, 05/07/2036
|
863,447
|
|
|
400,000
|
6.40%, 05/07/2054
|
374,983
|
|
|
|
|
|
1,238,430
|
|
|
Peru - 0.1%
|
||
|
|
Peru Government International Bonds
|
|
|
|
65,000
|
3.00%, 01/15/2034
|
53,410
|
|
|
260,000
|
5.38%, 02/08/2035
|
255,798
|
|
|
|
|
|
309,208
|
|
|
Romania - 0.4%
|
||
|
|
Romania Government International Bonds
|
|
|
|
466,000
|
3.00%, 02/14/2031(8)
|
394,306
|
|
|
654,000
|
5.88%, 01/30/2029(1)
|
657,766
|
|
|
|
|
|
1,052,072
|
|
|
Total Foreign Government Obligations
(cost $4,275,564)
|
|
$4,092,966
|
|
MUNICIPAL BONDS - 0.5%
|
|||
|
|
Build America Bonds - 0.1%
|
||
|
155,000
|
State of California, CA, GO 7.30%, 10/01/2039
|
$180,494
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 0.5% - (continued)
|
|||
|
|
Development - 0.1%
|
||
|
$ 295,000
|
New York Transportation Dev Corp., NY, Rev
4.25%, 09/01/2035
|
$284,417
|
|
|
|
General - 0.2%
|
||
|
40,000
|
Chicago Transit Auth Sales Tax Receipts Fund,
IL, Rev 3.91%, 12/01/2040
|
34,660
|
|
|
134,644
|
Commonwealth of Massachusetts, MA, Rev
4.11%, 07/15/2031
|
131,956
|
|
|
|
County of Riverside, CA, Rev
|
|
|
|
55,000
|
2.96%, 02/15/2027
|
53,096
|
|
|
55,000
|
3.07%, 02/15/2028
|
52,490
|
|
|
65,000
|
Dist of Columbia, DC, Rev 3.43%, 04/01/2042
|
51,730
|
|
|
230,000
|
State Board of Administration Finance Corp.,
FL, Rev 1.26%, 07/01/2025(7)
|
224,428
|
|
|
|
|
|
548,360
|
|
|
Higher Education - 0.0%
|
||
|
|
Marshall University, WV, Rev, (AGM)
|
|
|
|
10,000
|
2.91%, 05/01/2026
|
9,747
|
|
|
10,000
|
3.63%, 05/01/2034
|
8,926
|
|
|
|
|
|
18,673
|
|
|
Transportation - 0.0%
|
||
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
15,000
|
4.75%, 11/15/2045
|
15,414
|
|
|
5,000
|
5.18%, 11/15/2049
|
4,442
|
|
|
115,000
|
6.81%, 11/15/2040
|
126,169
|
|
|
|
|
|
146,025
|
|
|
Utilities - 0.1%
|
||
|
301,244
|
Texas Natural Gas Securitization Finance Corp.,
TX, Rev 5.10%, 04/01/2035
|
305,759
|
|
|
|
Total Municipal Bonds
(cost $1,618,420)
|
|
$1,483,728
|
|
U.S. GOVERNMENT AGENCIES - 27.4%
|
|||
|
|
Mortgage-Backed Agencies - 27.4%
|
||
|
|
Federal Home Loan Mortgage Corp. - 3.7%
|
||
|
226,831
|
0.88%, 11/25/2030(2)(3)
|
$9,522
|
|
|
96,348
|
1.11%, 01/25/2030(2)(3)
|
4,476
|
|
|
1,403,146
|
1.11%, 06/25/2030(2)(3)
|
71,560
|
|
|
5,489
|
1.13%, 12/15/2027
|
5,278
|
|
|
6,690
|
1.25%, 12/15/2027
|
6,427
|
|
|
1,529,828
|
1.38%, 06/25/2030(2)(3)
|
94,017
|
|
|
1,089,817
|
1.43%, 05/25/2030(2)(3)
|
70,147
|
|
|
429,928
|
1.50%, 12/25/2050
|
337,798
|
|
|
1,220,196
|
1.57%, 05/25/2030(2)(3)
|
85,171
|
|
|
173,070
|
1.69%, 04/25/2030(2)(3)
|
12,348
|
|
|
397,855
|
2.00%, 07/25/2050
|
342,630
|
|
|
206,282
|
2.00%, 10/01/2051
|
165,670
|
|
|
2,152,433
|
2.00%, 12/01/2051
|
1,715,351
|
|
|
3,307,206
|
2.00%, 01/01/2052
|
2,630,424
|
|
|
17,782
|
2.50%, 12/15/2042
|
16,039
|
|
|
922,902
|
2.50%, 09/01/2051
|
764,037
|
|
|
1,555,701
|
4.50%, 08/01/2052
|
1,477,461
|
|
|
1,952,817
|
5.00%, 11/01/2052
|
1,907,132
|
|
|
94,967
|
6.71%, 11/25/2043, 30 day USD SOFR
Average + 1.85%(1)(4)
|
96,034
|
|
|
270,000
|
8.21%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(4)
|
281,137
|
|
|
285,000
|
8.41%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(4)
|
299,226
|
|
|
120,000
|
9.86%, 03/25/2052, 30 day USD SOFR
Average + 5.00%(1)(4)
|
131,552
|
|
|
|
|
|
10,523,437
|
|
|
Federal National Mortgage Association - 6.1%
|
||
|
28,391
|
1.25%, 02/25/2028
|
27,221
|
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 27.4% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 27.4% - (continued)
|
||
|
|
Federal National Mortgage Association - 6.1% - (continued)
|
||
|
$ 5,982
|
1.50%, 09/25/2027
|
$5,771
|
|
|
134,221
|
2.00%, 10/01/2051
|
107,163
|
|
|
468,870
|
2.00%, 11/01/2051
|
371,959
|
|
|
5,381,385
|
2.00%, 04/01/2052
|
4,279,116
|
|
|
906,774
|
2.50%, 02/01/2052
|
750,646
|
|
|
1,185,536
|
2.50%, 05/01/2052
|
981,582
|
|
|
929,607
|
2.50%, 06/01/2052
|
774,333
|
|
|
897,470
|
2.50%, 07/01/2052
|
747,024
|
|
|
749,411
|
2.50%, 08/01/2052
|
620,376
|
|
|
282,000
|
3.00%, 12/25/2045
|
242,285
|
|
|
336,043
|
3.00%, 10/25/2046
|
295,975
|
|
|
313,000
|
3.00%, 03/25/2047
|
268,828
|
|
|
176,889
|
3.00%, 03/01/2050
|
154,954
|
|
|
1,795,870
|
3.00%, 11/01/2051
|
1,560,581
|
|
|
470,815
|
3.50%, 08/01/2043
|
430,419
|
|
|
735,000
|
4.50%, 12/25/2041
|
696,716
|
|
|
2,870,459
|
4.50%, 12/01/2052
|
2,729,247
|
|
|
2,233,293
|
5.50%, 06/01/2053
|
2,221,455
|
|
|
|
|
|
17,265,651
|
|
|
Government National Mortgage Association - 5.4%
|
||
|
2,133,728
|
2.00%, 12/20/2050
|
1,742,914
|
|
|
2,250,000
|
2.00%, 11/20/2054(9)
|
1,834,415
|
|
|
1,945,392
|
2.50%, 03/20/2051
|
1,651,456
|
|
|
1,196,067
|
2.50%, 07/20/2051
|
1,014,183
|
|
|
1,841,272
|
3.00%, 04/20/2051
|
1,617,405
|
|
|
396,584
|
3.00%, 05/20/2051
|
348,417
|
|
|
2,013,359
|
3.00%, 10/20/2051
|
1,766,582
|
|
|
3,034,372
|
3.50%, 08/20/2052
|
2,742,891
|
|
|
1,650,000
|
4.00%, 11/20/2054(9)
|
1,535,918
|
|
|
1,100,000
|
5.00%, 11/20/2054(9)
|
1,074,382
|
|
|
|
|
|
15,328,563
|
|
|
Uniform Mortgage-Backed Security - 12.2%
|
||
|
1,200,000
|
1.50%, 11/01/2039(9)
|
1,039,000
|
|
|
300,000
|
1.50%, 11/01/2054(9)
|
226,307
|
|
|
1,300,000
|
2.50%, 11/01/2039(9)
|
1,186,561
|
|
|
4,263,000
|
2.50%, 11/01/2054(9)
|
3,526,289
|
|
|
750,000
|
3.00%, 11/01/2039(9)
|
700,576
|
|
|
1,850,000
|
3.50%, 11/01/2054(9)
|
1,653,802
|
|
|
3,450,000
|
4.00%, 11/01/2054(9)
|
3,187,219
|
|
|
10,310,000
|
5.50%, 11/01/2054(9)
|
10,212,045
|
|
|
12,692,000
|
6.00%, 11/01/2054(9)
|
12,772,908
|
|
|
|
|
|
34,504,707
|
|
|
Total U.S. Government Agencies
(cost $80,181,490)
|
|
$77,622,358
|
|
U.S. GOVERNMENT SECURITIES - 35.9%
|
|||
|
|
U.S. Treasury Securities - 35.9%
|
||
|
|
U.S. Treasury Bonds - 9.9%
|
||
|
1,570,000
|
1.25%, 05/15/2050
|
$788,864
|
|
|
1,010,000
|
1.38%, 08/15/2050
|
522,438
|
|
|
2,455,000
|
1.63%, 11/15/2050
|
1,356,867
|
|
|
630,000
|
2.00%, 02/15/2050
|
386,515
|
|
|
1,248,000
|
2.38%, 11/15/2049
|
835,526
|
|
|
1,105,000
|
2.50%, 02/15/2045
|
795,643
|
|
|
1,935,000
|
2.88%, 05/15/2052
|
1,429,330
|
|
|
7,170,000
|
3.00%, 02/15/2047
|
5,541,906
|
|
|
1,525,000
|
3.00%, 02/15/2048
|
1,170,437
|
|
|
6,105,000
|
3.00%, 08/15/2052
|
4,629,307
|
|
|
1,080,000
|
3.13%, 05/15/2048
|
846,914
|
|
|
1,780,000
|
3.38%, 08/15/2042
|
1,521,413
|
|
|
2,010,000
|
3.38%, 11/15/2048
|
1,644,274
|
|
|
1,825,000
|
3.63%, 08/15/2043
|
1,601,865
|
|
|
1,840,000
|
3.63%, 02/15/2044
|
1,607,916
|
|
|
1,464,000
|
3.75%, 11/15/2043
|
1,305,648
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 35.9% - (continued)
|
|||
|
|
U.S. Treasury Securities - 35.9% - (continued)
|
||
|
|
U.S. Treasury Bonds - 9.9% - (continued)
|
||
|
$ 790,000
|
4.25%, 08/15/2054
|
$760,252
|
|
|
1,305,000
|
4.50%, 02/15/2044
|
1,290,727
|
|
|
|
|
|
28,035,842
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 0.5%
|
||
|
759,128
|
0.25%, 02/15/2050(10)
|
474,375
|
|
|
41,075
|
0.63%, 02/15/2043(10)
|
31,657
|
|
|
501,293
|
0.75%, 02/15/2045(10)
|
383,256
|
|
|
526,765
|
1.38%, 02/15/2044(10)
|
460,931
|
|
|
|
|
|
1,350,219
|
|
|
U.S. Treasury Inflation-Indexed Notes - 0.5%
|
||
|
1,607,774
|
1.75%, 01/15/2034(10)
|
1,577,218
|
|
|
|
U.S. Treasury Notes - 25.0%
|
||
|
9,493,000
|
0.38%, 09/30/2027
|
8,519,968
|
|
|
3,850,000
|
0.63%, 05/15/2030
|
3,177,002
|
|
|
6,125,000
|
1.88%, 02/28/2029
|
5,573,989
|
|
|
4,565,000
|
2.75%, 08/15/2032
|
4,113,671
|
|
|
10,735,000
|
2.88%, 05/15/2028(11)(12)
|
10,285,472
|
|
|
1,835,000
|
2.88%, 05/15/2032
|
1,673,577
|
|
|
8,608,000
|
3.50%, 09/30/2026
|
8,503,090
|
|
|
4,785,000
|
3.75%, 06/30/2030
|
4,679,207
|
|
|
4,235,000
|
3.75%, 12/31/2030
|
4,129,621
|
|
|
8,750,000
|
4.25%, 03/15/2027
|
8,772,900
|
|
|
5,136,000
|
4.38%, 05/15/2034
|
5,172,113
|
|
|
5,625,000
|
4.50%, 03/31/2026
|
5,644,116
|
|
|
645,000
|
4.50%, 11/15/2033
|
655,733
|
|
|
|
|
|
70,900,459
|
|
|
Total U.S. Government Securities
(cost $111,564,749)
|
|
$101,863,738
|
|
|
Total Long-Term Investments
(cost $327,127,952)
|
|
$310,775,430
|
|
SHORT-TERM INVESTMENTS - 1.0%
|
|||
|
|
Repurchase Agreements - 0.9%
|
||
|
2,404,933
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%,
due on 11/01/2024 with a maturity value of
$2,405,257; collateralized by U.S. Treasury
Note at 0.88%, maturing 06/30/2026, with
a market value of $2,453,040
|
$2,404,933
|
|
|
|
Securities Lending Collateral - 0.1%
|
||
|
52,993
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.77%(13)
|
52,993
|
|
|
176,642
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.78%(13)
|
176,642
|
|
|
52,993
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.76%(13)
|
52,993
|
|
|
52,993
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class,
4.78%(13)
|
52,993
|
|
|
|
|
|
335,621
|
|
|
Total Short-Term Investments
(cost $2,740,554)
|
$2,740,554
|
|
|
|
Total Investments
(cost $329,868,506)
|
110.6
%
|
$313,515,984
|
|
|
Other Assets and Liabilities
|
(10.6
)%
|
(30,133,424
)
|
|
|
Net Assets
|
100.0
%
|
$283,382,560
|
|
|
14
|
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$64,209,236, representing 22.7% of net assets.
|
|
(2)
|
Securities disclosed are interest-only strips.
|
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(4)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(6)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
October 31, 2024. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(7)
|
Represents entire or partial securities on loan.
|
|
(8)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At October 31, 2024, the aggregate
value of these securities was $932,506, representing 0.3% of net assets.
|
|
(9)
|
Represents or includes a TBA transaction.
|
|
(10)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(11)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of October 31, 2024, the market value of
securities pledged was $354,506.
|
|
(12)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of October 31, 2024, the market value of securities pledged
was $210,788.
|
|
(13)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at October 31, 2024
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
U.S. Treasury 2-Year Note Future
|
35
|
12/31/2024
|
$7,208,086
|
$(70,661
)
|
|
U.S. Treasury Long Bond Future
|
6
|
12/19/2024
|
707,813
|
(7,228
)
|
|
U.S. Treasury Ultra Bond Future
|
46
|
12/19/2024
|
5,778,750
|
(24,833
)
|
|
Total
|
|
|
|
$(102,722
)
|
|
Short position contracts:
|
||||
|
U.S. Treasury 5-Year Note Future
|
(67)
|
12/31/2024
|
$(7,184,703
)
|
$110,899
|
|
U.S. Treasury 10-Year Note Future
|
(25)
|
12/19/2024
|
(2,761,719
)
|
17,590
|
|
U.S. Treasury 10-Year Ultra Future
|
(46)
|
12/19/2024
|
(5,232,500
)
|
241,403
|
|
Total
|
|
|
|
$369,892
|
|
Total futures contracts
|
$267,170
|
|||
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
1,330,000
|
03/15/2053
|
Annual
|
$2,955
|
$—
|
$181,744
|
$178,789
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
380,000
|
03/15/2053
|
Annual
|
4,218
|
—
|
57,990
|
53,772
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
495,000
|
06/21/2053
|
Annual
|
—
|
(5,146
)
|
39,557
|
44,703
|
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
570,000
|
09/20/2053
|
Annual
|
2,358
|
—
|
7,998
|
5,640
|
|
Total centrally cleared interest rate swaps contracts
|
$9,531
|
$(5,146
)
|
$287,289
|
$282,904
|
|||||
|
|
15
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$56,363,330
|
$—
|
$56,363,330
|
$—
|
|
Corporate Bonds
|
69,349,310
|
—
|
69,349,310
|
—
|
|
Foreign Government Obligations
|
4,092,966
|
—
|
4,092,966
|
—
|
|
Municipal Bonds
|
1,483,728
|
—
|
1,483,728
|
—
|
|
U.S. Government Agencies
|
77,622,358
|
—
|
77,622,358
|
—
|
|
U.S. Government Securities
|
101,863,738
|
—
|
101,863,738
|
—
|
|
Short-Term Investments
|
2,740,554
|
335,621
|
2,404,933
|
—
|
|
Futures Contracts(2)
|
369,892
|
369,892
|
—
|
—
|
|
Swaps - Interest Rate(2)
|
282,904
|
—
|
282,904
|
—
|
|
Total
|
$314,168,780
|
$705,513
|
$313,463,267
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(102,722
)
|
$(102,722
)
|
$—
|
$—
|
|
Total
|
$(102,722
)
|
$(102,722
)
|
$—
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.5%
|
|||
|
|
Capital Goods - 3.7%
|
||
|
5,236
|
Axon Enterprise, Inc.*
|
$2,217,446
|
|
|
7,928
|
Boeing Co.*
|
1,183,730
|
|
|
9,376
|
General Electric Co.
|
1,610,609
|
|
|
|
|
|
5,011,785
|
|
|
Consumer Discretionary Distribution & Retail - 7.8%
|
||
|
48,151
|
Amazon.com, Inc.*
|
8,975,346
|
|
|
1,334
|
O'Reilly Automotive, Inc.*
|
1,538,289
|
|
|
|
|
|
10,513,635
|
|
|
Consumer Durables & Apparel - 1.4%
|
||
|
38,762
|
On Holding AG Class A*
|
1,838,094
|
|
|
|
Consumer Services - 3.6%
|
||
|
49,390
|
DraftKings, Inc. Class A*
|
1,744,455
|
|
|
9,234
|
Royal Caribbean Cruises Ltd.
|
1,905,436
|
|
|
31,737
|
Viking Holdings Ltd.*
|
1,245,677
|
|
|
|
|
|
4,895,568
|
|
|
Energy - 1.0%
|
||
|
8,205
|
Targa Resources Corp.
|
1,369,907
|
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
||
|
4,359
|
American Tower Corp. REIT
|
930,821
|
|
|
4,131
|
AvalonBay Communities, Inc. REIT
|
915,471
|
|
|
|
|
|
1,846,292
|
|
|
Financial Services - 3.8%
|
||
|
13,638
|
KKR & Co., Inc.
|
1,885,317
|
|
|
25,059
|
Tradeweb Markets, Inc. Class A
|
3,182,493
|
|
|
|
|
|
5,067,810
|
|
|
Health Care Equipment & Services - 2.4%
|
||
|
4,734
|
Align Technology, Inc.*
|
970,612
|
|
|
11,412
|
Boston Scientific Corp.*
|
958,836
|
|
|
2,679
|
Intuitive Surgical, Inc.*
|
1,349,787
|
|
|
|
|
|
3,279,235
|
|
|
Media & Entertainment - 19.0%
|
||
|
48,661
|
Alphabet, Inc. Class A
|
8,326,384
|
|
|
25,655
|
Liberty Media Corp.-Liberty Formula One Class C*
|
2,048,295
|
|
|
12,849
|
Live Nation Entertainment, Inc.*
|
1,505,132
|
|
|
12,532
|
Meta Platforms, Inc. Class A
|
7,112,913
|
|
|
2,142
|
Netflix, Inc.*
|
1,619,416
|
|
|
57,445
|
Pinterest, Inc. Class A*
|
1,826,176
|
|
|
8,056
|
Spotify Technology SA*
|
3,102,366
|
|
|
|
|
|
25,540,682
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.2%
|
||
|
4,507
|
Eli Lilly & Co.
|
3,739,638
|
|
|
27,815
|
Exact Sciences Corp.*
|
1,917,288
|
|
|
11,606
|
Natera, Inc.*
|
1,403,862
|
|
|
2,722
|
Vertex Pharmaceuticals, Inc.*
|
1,295,617
|
|
|
|
|
|
8,356,405
|
|
|
Semiconductors & Semiconductor Equipment - 19.5%
|
||
|
8,626
|
ARM Holdings PLC ADR*
|
1,218,854
|
|
|
34,218
|
Broadcom, Inc.
|
5,809,190
|
|
|
15,482
|
Marvell Technology, Inc.
|
1,240,263
|
|
|
14,671
|
Micron Technology, Inc.
|
1,461,965
|
|
|
124,188
|
NVIDIA Corp.
|
16,487,199
|
|
|
|
|
|
26,217,471
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.5% - (continued)
|
|||
|
|
Software & Services - 8.8%
|
||
|
5,122
|
Datadog, Inc. Class A*
|
$642,504
|
|
|
18,843
|
Microsoft Corp.
|
7,656,853
|
|
|
3,396
|
Salesforce, Inc.
|
989,492
|
|
|
2,728
|
ServiceNow, Inc.*
|
2,545,197
|
|
|
|
|
|
11,834,046
|
|
|
Technology Hardware & Equipment - 17.6%
|
||
|
80,053
|
Apple, Inc.
|
18,084,773
|
|
|
8,265
|
Arista Networks, Inc.*
|
3,193,927
|
|
|
8,415
|
Dell Technologies, Inc. Class C
|
1,040,347
|
|
|
39,726
|
Flex Ltd.*
|
1,377,300
|
|
|
|
|
|
23,696,347
|
|
|
Telecommunication Services - 0.8%
|
||
|
4,931
|
T-Mobile U.S., Inc.
|
1,100,402
|
|
|
|
Transportation - 2.5%
|
||
|
11,995
|
Delta Air Lines, Inc.
|
686,354
|
|
|
37,987
|
Uber Technologies, Inc.*
|
2,736,963
|
|
|
|
|
|
3,423,317
|
|
|
Total Common Stocks
(cost $91,136,947)
|
|
$133,990,996
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 132,185
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%, due
on 11/01/2024 with a maturity value of
$132,203; collateralized by U.S. Treasury Note
at 4.63%, maturing 06/30/2026, with a market
value of $134,964
|
$132,185
|
|
|
|
Total Short-Term Investments
(cost $132,185)
|
$132,185
|
|
|
|
Total Investments
(cost $91,269,132)
|
99.6
%
|
$134,123,181
|
|
|
Other Assets and Liabilities
|
0.4
%
|
473,138
|
|
|
Net Assets
|
100.0
%
|
$134,596,319
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
|
17
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
Capital Goods
|
$5,011,785
|
$5,011,785
|
$—
|
$—
|
|
Consumer Discretionary Distribution & Retail
|
10,513,635
|
10,513,635
|
—
|
—
|
|
Consumer Durables & Apparel
|
1,838,094
|
1,838,094
|
—
|
—
|
|
Consumer Services
|
4,895,568
|
4,895,568
|
—
|
—
|
|
Energy
|
1,369,907
|
1,369,907
|
—
|
—
|
|
Equity Real Estate Investment Trusts (REITs)
|
1,846,292
|
1,846,292
|
—
|
—
|
|
Financial Services
|
5,067,810
|
5,067,810
|
—
|
—
|
|
Health Care Equipment & Services
|
3,279,235
|
3,279,235
|
—
|
—
|
|
Media & Entertainment
|
25,540,682
|
25,540,682
|
—
|
—
|
|
Pharmaceuticals, Biotechnology & Life Sciences
|
8,356,405
|
8,356,405
|
—
|
—
|
|
Semiconductors & Semiconductor Equipment
|
26,217,471
|
26,217,471
|
—
|
—
|
|
Software & Services
|
11,834,046
|
11,834,046
|
—
|
—
|
|
Technology Hardware & Equipment
|
23,696,347
|
23,696,347
|
—
|
—
|
|
Telecommunication Services
|
1,100,402
|
1,100,402
|
—
|
—
|
|
Transportation
|
3,423,317
|
3,423,317
|
—
|
—
|
|
Short-Term Investments
|
132,185
|
—
|
132,185
|
—
|
|
Total
|
$134,123,181
|
$133,990,996
|
$132,185
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3%
|
|||
|
|
Alabama - 4.2%
|
||
|
$ 2,000,000
|
Alabama Housing Finance Auth, AL, Rev,
(FHLMC), (FNMA), (GNMA) 6.00%,
04/01/2055
|
$2,203,744
|
|
|
|
Black Belt Energy Gas Dist, AL, Rev
|
|
|
|
1,200,000
|
5.00%, 10/01/2055(1)
|
1,274,195
|
|
|
2,000,000
|
5.25%, 12/01/2027
|
2,092,098
|
|
|
330,000
|
5.25%, 12/01/2053(1)
|
356,548
|
|
|
2,855,000
|
5.25%, 05/01/2055(1)
|
3,092,960
|
|
|
2,335,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.50%, 11/01/2053(1)
|
2,552,873
|
|
|
100,000
|
Jefferson County Board of Education, AL,
Special Tax 5.00%, 02/01/2042
|
103,052
|
|
|
2,000,000
|
Lower Alabama Gas Dist, AL, Rev 5.00%,
09/01/2028
|
2,104,661
|
|
|
2,600,000
|
Southeast Alabama Gas Supply Dist, AL, Rev
5.00%, 08/01/2054(1)
|
2,783,254
|
|
|
|
Southeast Energy Auth A Cooperative Dist, AL,
Rev
|
|
|
|
740,000
|
5.00%, 11/01/2055(1)
|
795,511
|
|
|
415,000
|
5.50%, 01/01/2053(1)
|
447,144
|
|
|
1,590,000
|
State of Alabama Docks Department, AL, Rev,
(AGM) 5.00%, 10/01/2026
|
1,623,610
|
|
|
|
|
|
19,429,650
|
|
|
Alaska - 0.3%
|
||
|
1,225,000
|
Northern Tobacco Securitization Corp., AK, Rev
4.00%, 06/01/2039
|
1,212,912
|
|
|
|
Arizona - 0.5%
|
||
|
500,000
|
City of Phoenix Civic Improvement Corp., AZ,
Rev 5.00%, 07/01/2037
|
518,979
|
|
|
|
Maricopa County Industrial Dev Auth, AZ, Rev
|
|
|
|
600,000
|
4.00%, 09/01/2037
|
605,305
|
|
|
230,000
|
4.00%, 10/15/2047(2)
|
204,026
|
|
|
195,000
|
5.00%, 09/01/2031
|
205,751
|
|
|
730,000
|
5.00%, 12/01/2038
|
811,418
|
|
|
|
|
|
2,345,479
|
|
|
California - 10.0%
|
||
|
795,000
|
Bay Area Toll Auth, CA, Rev 3.54%, 04/01/2056,
SIFMA Municipal Swap Index + 0.30%(3)
|
786,164
|
|
|
|
California Community Choice Financing Auth,
CA, Rev
|
|
|
|
755,000
|
5.00%, 12/01/2053(1)
|
799,734
|
|
|
7,000,000
|
5.00%, 02/01/2055(1)(4)
|
7,520,769
|
|
|
3,375,000
|
5.50%, 05/01/2054(1)
|
3,607,469
|
|
|
205,000
|
California Enterprise Dev Auth, CA, Rev 5.00%,
08/01/2045
|
209,125
|
|
|
|
California Municipal Finance Auth, CA, Rev,
|
|
|
|
180,000
|
(BAM) 4.00%, 05/15/2034
|
184,385
|
|
|
600,000
|
(BAM) 4.00%, 05/15/2037
|
609,125
|
|
|
2,250,000
|
5.00%, 06/30/2027
|
2,318,935
|
|
|
835,000
|
California State University, CA, Rev 0.55%,
11/01/2049(1)
|
772,363
|
|
|
185,000
|
Cathedral City Redev Agency Successor
Agency, CA, Tax Allocation, (BAM) 4.00%,
08/01/2032
|
188,792
|
|
|
|
City of Fontana, CA, Special Tax
|
|
|
|
500,000
|
4.00%, 09/01/2041
|
490,373
|
|
|
450,000
|
4.00%, 09/01/2046
|
427,072
|
|
|
525,000
|
4.00%, 09/01/2051
|
485,390
|
|
|
|
City of Los Angeles Department of Airports,
CA, Rev
|
|
|
|
800,000
|
4.00%, 05/15/2036
|
796,745
|
|
|
865,000
|
5.00%, 05/15/2037
|
940,113
|
|
|
150,000
|
Fresno Unified School Dist, CA, GO 0.00%,
08/01/2032(5)
|
112,477
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
California - 10.0% - (continued)
|
||
|
$ 5,670,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 0.00%, 06/01/2066(5)
|
$613,541
|
|
|
15,900,000
|
Los Angeles Department of Water & Power, CA,
Rev 3.15%, 07/01/2057(1)
|
15,900,000
|
|
|
605,000
|
Los Angeles Unified School Dist, CA, GO
5.00%, 07/01/2033
|
709,677
|
|
|
205,000
|
Oakland Unified School Dist, CA, GO, (AGM)
4.00%, 08/01/2034
|
207,563
|
|
|
595,000
|
Regents of the University of California Medical
Center Pooled, CA, Rev 5.00%, 05/15/2036
|
670,717
|
|
|
100,000
|
Romoland School Dist, CA, Special Tax 5.00%,
09/01/2043
|
102,665
|
|
|
475,000
|
San Diego County Regional Airport Auth, CA,
Rev 5.25%, 07/01/2036
|
523,577
|
|
|
|
San Francisco City & County Airport,
Comm-San Francisco International Airport,
CA, Rev
|
|
|
|
345,000
|
4.00%, 05/01/2039
|
340,103
|
|
|
265,000
|
5.00%, 05/01/2050
|
271,657
|
|
|
|
San Joaquin Hills Transportation Corridor
Agency, CA, Rev,
|
|
|
|
80,000
|
(NPFG) 0.00%, 01/15/2026(5)
|
76,739
|
|
|
235,000
|
(NPFG) 0.00%, 01/15/2032(5)
|
179,842
|
|
|
70,000
|
(NPFG) 0.00%, 01/15/2035(5)
|
47,131
|
|
|
1,250,000
|
4.00%, 01/15/2034
|
1,298,951
|
|
|
|
State of California, CA, GO
|
|
|
|
1,500,000
|
2.30%, 05/01/2040(1)
|
1,500,000
|
|
|
1,875,000
|
5.00%, 08/01/2033
|
2,150,232
|
|
|
1,535,000
|
5.00%, 09/01/2036
|
1,747,457
|
|
|
|
|
|
46,588,883
|
|
|
Colorado - 3.6%
|
||
|
|
Baseline Metropolitan Dist. No. 1, CO, GO,
|
|
|
|
375,000
|
(AGC) 5.00%, 12/01/2030
|
406,277
|
|
|
635,000
|
(AGC) 5.00%, 12/01/2032
|
692,803
|
|
|
1,970,000
|
City & County of Denver Airport System, CO,
Rev 5.50%, 11/15/2032
|
2,227,782
|
|
|
|
City of Colorado Springs Utilities System, CO,
Rev
|
|
|
|
160,000
|
5.00%, 11/15/2044
|
176,028
|
|
|
400,000
|
5.00%, 11/15/2049
|
432,350
|
|
|
1,000,000
|
Colorado Bridge & Tunnel Enterprise, CO, Rev,
(AGM) 5.50%, 12/01/2054
|
1,114,295
|
|
|
|
Colorado Health Facs Auth, CO, Rev
|
|
|
|
105,000
|
4.00%, 12/01/2040
|
98,992
|
|
|
1,715,000
|
5.00%, 05/15/2034
|
1,956,039
|
|
|
500,000
|
5.00%, 05/15/2036
|
552,651
|
|
|
345,000
|
5.00%, 05/15/2037
|
379,740
|
|
|
160,000
|
Denver Convention Center Hotel Auth, CO, Rev
5.00%, 12/01/2031
|
162,918
|
|
|
1,000,000
|
E-470 Public Highway Auth, CO, Rev 3.98%,
09/01/2039, 1 mo. USD SOFR + 0.75%(3)
|
999,814
|
|
|
1,030,000
|
Park Creek Metropolitan Dist, CO, Rev 5.00%,
12/01/2029
|
1,091,056
|
|
|
300,000
|
Public Auth for Colorado Energy, CO, Rev
6.50%, 11/15/2038
|
360,993
|
|
|
2,100,000
|
Regional Transportation Dist, CO, COP 5.00%,
06/01/2033
|
2,375,598
|
|
|
|
Regional Transportation Dist, CO, Rev
|
|
|
|
500,000
|
4.00%, 07/15/2039
|
492,371
|
|
|
400,000
|
5.00%, 07/15/2029
|
426,515
|
|
|
500,000
|
5.00%, 01/15/2030
|
535,463
|
|
|
100,000
|
5.00%, 07/15/2032
|
107,299
|
|
|
|
University of Colorado Hospital Auth, CO, Rev
|
|
|
|
715,000
|
5.00%, 11/15/2029
|
785,885
|
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Colorado - 3.6% - (continued)
|
||
|
$ 1,000,000
|
5.00%, 11/15/2031
|
$1,122,961
|
|
|
195,000
|
University of Colorado, CO, Rev 2.00%,
06/01/2051(1)
|
191,667
|
|
|
|
|
|
16,689,497
|
|
|
Connecticut - 0.7%
|
||
|
100,000
|
City of Bridgeport, CT, GO, (BAM) 5.00%,
07/15/2034
|
105,518
|
|
|
360,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/15/2042
|
361,666
|
|
|
|
Connecticut State Health & Educational Facs
Auth, CT, Rev
|
|
|
|
1,060,000
|
1.10%, 07/01/2049(1)
|
1,050,842
|
|
|
1,000,000
|
2.95%, 07/01/2049(1)
|
994,860
|
|
|
845,000
|
State of Connecticut, CT, GO 3.00%,
06/01/2038
|
763,266
|
|
|
|
|
|
3,276,152
|
|
|
District of Columbia - 0.3%
|
||
|
|
Dist of Columbia, DC, Rev
|
|
|
|
250,000
|
5.00%, 07/01/2037
|
251,838
|
|
|
455,000
|
5.00%, 07/01/2042
|
453,436
|
|
|
500,000
|
Metropolitan Washington Airports Auth, Aviation,
DC, Rev 5.00%, 10/01/2035
|
534,854
|
|
|
|
|
|
1,240,128
|
|
|
Florida - 2.1%
|
||
|
500,000
|
Alachua County School Board, FL, COP, (AGM)
5.00%, 07/01/2028
|
535,996
|
|
|
185,000
|
Capital Projects Finance Auth, FL, Rev 5.00%,
10/01/2027
|
190,653
|
|
|
125,000
|
City of Atlantic Beach, FL, Rev 5.00%,
11/15/2043
|
127,565
|
|
|
270,000
|
County of Broward Airport System, FL, Rev
4.00%, 10/01/2044
|
254,401
|
|
|
1,440,000
|
County of Miami-Dade Aviation, FL, Rev 5.00%,
10/01/2036
|
1,540,825
|
|
|
|
County of Miami-Dade Seaport Department, FL,
Rev
|
|
|
|
1,085,000
|
5.00%, 10/01/2035
|
1,181,472
|
|
|
200,000
|
5.00%, 10/01/2036
|
217,112
|
|
|
445,000
|
Escambia County Health Facs Auth, FL, Rev
4.00%, 08/15/2045
|
404,876
|
|
|
1,000,000
|
Greater Orlando Aviation Auth, FL, Rev 5.00%,
10/01/2037
|
1,022,926
|
|
|
160,000
|
Lee County Industrial Dev Auth, FL, Rev 4.13%,
11/15/2029
|
160,250
|
|
|
500,000
|
Middleton Community Dev Dist A, FL, Special
Assessment 4.75%, 05/01/2055
|
491,393
|
|
|
950,000
|
Orlando Utilities Commission, FL, Rev 1.25%,
10/01/2046(1)
|
849,625
|
|
|
|
Polk County Industrial Dev Auth, FL, Rev
|
|
|
|
480,000
|
5.00%, 01/01/2029
|
490,766
|
|
|
190,000
|
5.00%, 01/01/2055
|
182,584
|
|
|
445,000
|
St. Johns County Industrial Dev Auth, FL, Rev
4.00%, 12/15/2046
|
363,163
|
|
|
155,000
|
Village Community Dev Dist No. 13, FL, Special
Assessment 2.55%, 05/01/2031
|
142,670
|
|
|
1,210,000
|
Village Community Dev Dist No. 14, FL, Special
Assessment 5.13%, 05/01/2037
|
1,268,742
|
|
|
500,000
|
Village Community Dev Dist No. 15, FL, Special
Assessment 4.80%, 05/01/2055(2)
|
498,974
|
|
|
|
|
|
9,923,993
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Georgia - 3.3%
|
||
|
$ 1,350,000
|
Bartow County Dev Auth, GA, Rev 3.95%,
12/01/2032(1)
|
$1,384,756
|
|
|
|
City of Atlanta Department of Aviation, GA, Rev
|
|
|
|
320,000
|
5.00%, 07/01/2031
|
358,515
|
|
|
250,000
|
5.00%, 07/01/2032
|
283,221
|
|
|
200,000
|
5.00%, 07/01/2033
|
228,289
|
|
|
100,000
|
Dev Auth of Appling County, GA, Rev 1.50%,
01/01/2038(1)
|
98,971
|
|
|
400,000
|
Dev Auth of Burke County, GA, Rev 1.50%,
01/01/2040(1)
|
395,883
|
|
|
285,000
|
Dev Auth of Monroe County, GA, Rev 3.88%,
10/01/2048(1)
|
287,165
|
|
|
215,000
|
Georgia Housing & Finance Auth, GA, Rev
5.00%, 12/01/2042
|
228,971
|
|
|
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
|
2,950,000
|
4.00%, 05/01/2052(1)
|
2,987,412
|
|
|
1,760,000
|
5.00%, 07/01/2053(1)
|
1,865,290
|
|
|
475,000
|
5.00%, 09/01/2053(1)
|
505,220
|
|
|
1,225,000
|
5.00%, 12/01/2053(1)
|
1,302,051
|
|
|
275,000
|
5.00%, 04/01/2054(1)
|
295,255
|
|
|
1,380,000
|
5.00%, 05/01/2054(1)
|
1,471,452
|
|
|
1,200,000
|
5.50%, 09/15/2025
|
1,216,140
|
|
|
|
Municipal Electric Auth of Georgia, GA, Rev,
|
|
|
|
840,000
|
(AGM) 4.00%, 01/01/2041
|
832,249
|
|
|
1,000,000
|
(AGM) 5.00%, 07/01/2048
|
1,056,659
|
|
|
520,000
|
5.00%, 07/01/2052
|
539,657
|
|
|
|
|
|
15,337,156
|
|
|
Hawaii - 0.0%
|
||
|
100,000
|
State of Hawaii Airports System, HI, Rev
5.00%, 07/01/2031
|
104,086
|
|
|
|
Idaho - 2.6%
|
||
|
|
Idaho Health Facs Auth, ID, Rev
|
|
|
|
10,000,000
|
3.95%, 03/01/2048(1)
|
10,000,000
|
|
|
820,000
|
4.00%, 03/01/2046
|
784,222
|
|
|
1,075,000
|
Idaho Housing & Finance Association, ID, Rev,
(FHLMC), (FNMA), (GNMA) 5.75%,
01/01/2053
|
1,167,221
|
|
|
|
|
|
11,951,443
|
|
|
Illinois - 9.7%
|
||
|
|
Chicago Board of Education Dedicated Capital
Improvement Tax, IL, Rev
|
|
|
|
250,000
|
5.00%, 04/01/2033
|
257,758
|
|
|
380,000
|
5.25%, 04/01/2035
|
418,934
|
|
|
250,000
|
5.25%, 04/01/2036
|
274,334
|
|
|
|
Chicago Board of Education, IL, GO,
|
|
|
|
110,000
|
(NPFG) 0.00%, 12/01/2026(5)
|
101,497
|
|
|
380,000
|
4.00%, 12/01/2047
|
313,614
|
|
|
250,000
|
5.00%, 12/01/2024
|
250,222
|
|
|
500,000
|
5.00%, 12/01/2028
|
518,439
|
|
|
1,100,000
|
5.00%, 12/01/2032
|
1,140,412
|
|
|
400,000
|
5.00%, 12/01/2046
|
390,570
|
|
|
2,500,000
|
5.25%, 12/01/2036
|
2,643,748
|
|
|
370,000
|
Chicago Midway International Airport, IL, Rev,
(BAM) 5.50%, 01/01/2038
|
414,679
|
|
|
|
Chicago O'Hare International Airport, IL, Rev
|
|
|
|
650,000
|
4.50%, 01/01/2048
|
646,666
|
|
|
825,000
|
5.00%, 01/01/2032
|
914,870
|
|
|
200,000
|
(BAM) 5.00%, 01/01/2037
|
221,545
|
|
|
1,785,000
|
(BAM) 5.00%, 01/01/2038
|
1,964,669
|
|
|
1,000,000
|
Chicago Park Dist, IL, GO 5.00%, 01/01/2038
|
1,095,784
|
|
|
275,000
|
Chicago Transit Auth Sales Tax Receipts Fund,
IL, Rev 5.00%, 12/01/2045
|
284,552
|
|
|
|
City of Chicago Wastewater Transmission, IL,
Rev,
|
|
|
|
695,000
|
(BAM) 5.00%, 01/01/2041
|
765,319
|
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Illinois - 9.7% - (continued)
|
||
|
$ 90,000
|
(NPFG) 5.50%, 01/01/2030
|
$94,879
|
|
|
530,000
|
City of Chicago Waterworks, IL, Rev, (AGM)
5.00%, 11/01/2037
|
578,406
|
|
|
500,000
|
City of Chicago, IL, GO, (NPFG) 0.00%,
01/01/2026(5)
|
479,880
|
|
|
1,385,000
|
City of Granite City, IL, Rev 1.25%,
05/01/2027(1)
|
1,291,276
|
|
|
900,000
|
Cook County Community College Dist No. 508,
IL, GO, (BAM) 5.00%, 12/01/2038
|
974,270
|
|
|
335,000
|
County of Cook Sales Tax, IL, Rev 5.00%,
11/15/2030
|
369,663
|
|
|
265,000
|
County of Cook, IL, GO 5.00%, 11/15/2032
|
290,685
|
|
|
|
Illinois Finance Auth, IL, Rev
|
|
|
|
640,000
|
4.00%, 07/15/2039
|
637,666
|
|
|
235,000
|
5.00%, 08/15/2033
|
254,844
|
|
|
150,000
|
5.00%, 11/15/2045
|
150,777
|
|
|
305,000
|
5.00%, 05/15/2050(1)
|
305,154
|
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
|
6,185,000
|
(FHLMC), (FNMA), (GNMA) 3.05%,
02/01/2038(1)
|
6,185,000
|
|
|
880,000
|
(FHLMC), (FNMA), (GNMA) 5.50%,
10/01/2053
|
943,936
|
|
|
470,000
|
(FHLMC), (FNMA), (GNMA) 5.75%,
10/01/2053
|
503,012
|
|
|
1,615,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
10/01/2054
|
1,755,360
|
|
|
|
Illinois State Toll Highway Auth, IL, Rev
|
|
|
|
320,000
|
4.00%, 01/01/2040
|
320,743
|
|
|
460,000
|
5.00%, 01/01/2037
|
519,658
|
|
|
625,000
|
Kane County School Dist No. 131 Aurora East
Side, IL, GO, (AGM) 5.00%, 12/01/2025
|
636,512
|
|
|
100,000
|
Kane McHenry Cook & De Kalb Counties Unit
School Dist No. 300, IL, GO 5.00%,
01/01/2032
|
104,070
|
|
|
150,000
|
Kendall Kane & Will Counties Community Unit
School Dist No. 308, IL, GO, (AGM) 0.00%,
02/01/2027(5)
|
138,678
|
|
|
|
Metropolitan Pier & Exposition Auth, IL, Rev,
|
|
|
|
205,000
|
(NPFG) 0.00%, 12/15/2025(5)
|
196,970
|
|
|
595,000
|
4.00%, 12/15/2042
|
577,671
|
|
|
|
Sales Tax Securitization Corp., IL, Rev
|
|
|
|
785,000
|
4.00%, 01/01/2038
|
784,597
|
|
|
1,785,000
|
5.00%, 01/01/2026
|
1,826,930
|
|
|
500,000
|
5.00%, 01/01/2029
|
528,011
|
|
|
550,000
|
5.00%, 01/01/2030
|
598,916
|
|
|
1,870,000
|
5.00%, 01/01/2037
|
1,968,550
|
|
|
|
St. Clair County Community Unit School Dist
No. 187 Cahokia, IL, GO,
|
|
|
|
240,000
|
(AGM) 5.00%, 01/01/2029
|
256,341
|
|
|
250,000
|
(AGM) 5.00%, 01/01/2030
|
270,471
|
|
|
250,000
|
(AGM) 5.00%, 01/01/2031
|
272,739
|
|
|
320,000
|
(AGM) 5.00%, 01/01/2032
|
352,085
|
|
|
|
State of Illinois Sales Tax, IL, Rev
|
|
|
|
115,000
|
5.00%, 06/15/2027
|
117,901
|
|
|
1,000,000
|
5.00%, 06/15/2035
|
1,112,524
|
|
|
|
State of Illinois, IL, GO
|
|
|
|
450,000
|
5.00%, 12/01/2024
|
450,433
|
|
|
1,010,000
|
5.00%, 11/01/2025
|
1,025,114
|
|
|
4,750,000
|
5.00%, 12/01/2042
|
5,064,882
|
|
|
550,000
|
5.50%, 03/01/2042
|
601,008
|
|
|
100,000
|
Village of Bolingbrook, IL, GO, (AGM) 5.00%,
01/01/2028
|
105,837
|
|
|
|
|
|
45,263,061
|
|
|
Indiana - 1.6%
|
||
|
264,435
|
City of Evansville, IN, Rev, (FNMA) 3.00%,
06/01/2034
|
231,498
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Indiana - 1.6% - (continued)
|
||
|
$ 2,550,000
|
City of Whiting, IN, Rev 4.40%, 11/01/2045(1)
|
$2,625,293
|
|
|
195,000
|
Crown Point Multi School Building Corp., IN,
Rev, (ST INTERCEPT) 5.00%, 01/15/2029
|
211,185
|
|
|
3,000,000
|
Indiana Finance Auth, IN, Rev 5.00%,
10/01/2042
|
3,247,493
|
|
|
|
Northwest Allen School Building Corp., IN, Rev,
|
|
|
|
1,150,000
|
(ST INTERCEPT) 5.00%, 07/15/2040
|
1,273,199
|
|
|
115,000
|
(ST INTERCEPT) 5.00%, 07/15/2041
|
126,701
|
|
|
|
|
|
7,715,369
|
|
|
Iowa - 0.5%
|
||
|
575,000
|
Iowa Finance Auth, IA, Rev 5.00%, 02/15/2027
|
595,038
|
|
|
|
Iowa Student Loan Liquidity Corp., IA, Rev
|
|
|
|
350,000
|
5.00%, 12/01/2025
|
354,334
|
|
|
1,415,000
|
5.00%, 12/01/2033
|
1,489,143
|
|
|
95,000
|
Iowa Tobacco Settlement Auth, IA, Rev 4.00%,
06/01/2049
|
93,958
|
|
|
|
|
|
2,532,473
|
|
|
Kentucky - 0.5%
|
||
|
1,250,000
|
Kentucky Public Energy Auth, KY, Rev 5.25%,
04/01/2054(1)
|
1,357,441
|
|
|
870,000
|
Kentucky State Property & Building
Commission, KY, Rev 5.00%, 11/01/2038
|
977,132
|
|
|
|
|
|
2,334,573
|
|
|
Louisiana - 0.7%
|
||
|
325,000
|
East Baton Rouge Sewerage Commission, LA,
Rev 1.30%, 02/01/2041(1)
|
289,944
|
|
|
|
Louisiana Public Facs Auth, LA, Rev,
|
|
|
|
515,000
|
(AGC) 5.00%, 08/01/2030
|
568,152
|
|
|
335,000
|
(AGC) 5.00%, 08/01/2032
|
375,215
|
|
|
|
New Orleans Aviation Board, LA, Rev
|
|
|
|
150,000
|
5.00%, 01/01/2029
|
161,212
|
|
|
200,000
|
5.00%, 01/01/2030
|
217,450
|
|
|
305,000
|
Parish of St John the Baptist, LA, Rev 2.38%,
06/01/2037(1)
|
298,888
|
|
|
|
State of Louisiana Gasoline & Fuels Tax, LA,
Rev
|
|
|
|
480,000
|
3.87%, 05/01/2043, 1 mo. USD SOFR +
0.50%(3)
|
478,134
|
|
|
835,000
|
5.00%, 05/01/2032
|
934,240
|
|
|
|
|
|
3,323,235
|
|
|
Maine - 0.1%
|
||
|
275,000
|
Maine Health & Higher Educational Facs Auth,
ME, Rev, (AGM), (ST INTERCEPT) 4.00%,
07/01/2035
|
277,249
|
|
|
|
Maryland - 0.1%
|
||
|
475,000
|
Maryland Health & Higher Educational Facs
Auth, MD, Rev 5.00%, 07/01/2049(4)
|
505,125
|
|
|
|
Massachusetts - 2.8%
|
||
|
1,190,000
|
Massachusetts Bay Transportation Auth Sales
Tax, MA, Rev 5.00%, 07/01/2041
|
1,338,436
|
|
|
|
Massachusetts Dev Finance Agency, MA, Rev
|
|
|
|
405,000
|
3.84%, 07/01/2049, SIFMA Municipal Swap
Index + 0.60%(2)(3)
|
403,452
|
|
|
1,810,000
|
4.00%, 07/15/2036
|
1,824,817
|
|
|
1,000,000
|
5.00%, 07/01/2025
|
1,010,085
|
|
|
680,000
|
5.00%, 07/01/2031
|
696,065
|
|
|
675,000
|
5.00%, 07/01/2034
|
690,735
|
|
|
350,000
|
5.00%, 07/01/2044
|
350,543
|
|
|
100,000
|
5.00%, 07/01/2048
|
101,662
|
|
|
380,000
|
5.00%, 10/01/2057(2)
|
381,322
|
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Massachusetts - 2.8% - (continued)
|
||
|
$ 1,000,000
|
5.00%, 07/01/2060(2)
|
$1,010,654
|
|
|
|
Massachusetts Educational Financing Auth, MA,
Rev
|
|
|
|
1,000,000
|
5.00%, 01/01/2025
|
1,001,796
|
|
|
100,000
|
5.00%, 07/01/2026
|
102,332
|
|
|
110,000
|
5.00%, 07/01/2027
|
114,081
|
|
|
4,200,000
|
Massachusetts Health & Educational Facs Auth,
MA, Rev 2.75%, 07/01/2027(1)
|
4,200,000
|
|
|
|
|
|
13,225,980
|
|
|
Michigan - 2.1%
|
||
|
1,250,000
|
Detroit Downtown Dev Auth, MI, Tax Allocation
5.00%, 07/01/2048
|
1,299,582
|
|
|
895,000
|
Detroit Regional Convention Facility Auth, MI,
Rev 5.00%, 10/01/2036
|
987,532
|
|
|
570,000
|
Great Lakes Water Auth Water Supply System,
MI, Rev 5.00%, 07/01/2037
|
642,004
|
|
|
|
Michigan Finance Auth, MI, Rev
|
|
|
|
1,250,000
|
4.00%, 11/15/2046
|
1,149,073
|
|
|
750,000
|
5.00%, 11/01/2032
|
796,328
|
|
|
600,000
|
5.25%, 02/29/2040
|
656,250
|
|
|
100,000
|
5.25%, 02/28/2041
|
108,679
|
|
|
|
Michigan State Housing Dev Auth, MI, Rev
|
|
|
|
425,000
|
3.45%, 12/01/2030
|
420,154
|
|
|
465,000
|
4.25%, 06/01/2049
|
467,272
|
|
|
290,000
|
4.25%, 12/01/2049
|
292,026
|
|
|
1,245,000
|
5.75%, 06/01/2054
|
1,330,868
|
|
|
|
Michigan Strategic Fund, MI, Rev
|
|
|
|
695,000
|
3.35%, 10/01/2049(1)
|
690,744
|
|
|
540,000
|
3.88%, 06/01/2053(1)
|
544,949
|
|
|
275,000
|
New Haven Community Schools, MI, GO,
(Q-SBLF) 5.00%, 05/01/2032
|
297,801
|
|
|
|
|
|
9,683,262
|
|
|
Minnesota - 0.6%
|
||
|
575,000
|
Duluth Independent School Dist No. 709, MN,
COP, (SD CRED PROG) 5.00%, 02/01/2025
|
577,156
|
|
|
379,732
|
Freddie Mac Multifamily ML Certificates, MN,
Rev 2.54%, 06/25/2037
|
325,204
|
|
|
750,000
|
Minnesota Higher Education Facs Auth, MN,
Rev 3.00%, 10/01/2038
|
661,655
|
|
|
|
Minnesota Housing Finance Agency, MN, Rev,
|
|
|
|
515,000
|
(FHLMC), (FNMA), (GNMA) 5.05%,
07/01/2031
|
537,312
|
|
|
530,000
|
(FHLMC), (FNMA), (GNMA) 5.05%,
01/01/2032
|
550,238
|
|
|
|
|
|
2,651,565
|
|
|
Mississippi - 0.2%
|
||
|
1,000,000
|
State of Mississippi Gaming Tax, MS, Rev
5.00%, 10/15/2029
|
1,065,282
|
|
|
|
Missouri - 0.9%
|
||
|
|
City of St Louis Airport, MO, Rev,
|
|
|
|
750,000
|
(AGM) 5.00%, 07/01/2037
|
841,886
|
|
|
100,000
|
(AGM) 5.00%, 07/01/2039
|
110,899
|
|
|
|
Health & Educational Facs Auth of the State of
Missouri, MO, Rev
|
|
|
|
850,000
|
4.00%, 01/01/2050(1)
|
797,495
|
|
|
555,000
|
5.00%, 06/01/2032
|
617,853
|
|
|
1,285,000
|
Missouri Housing Dev Commission, MO, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/01/2047
|
1,293,979
|
|
|
650,000
|
St. Louis County Industrial Dev Auth, MO, Rev
5.00%, 09/01/2028
|
673,445
|
|
|
|
|
|
4,335,557
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Montana - 0.2%
|
||
|
$ 985,000
|
Montana Board of Housing, MT, Rev 6.00%,
12/01/2054
|
$1,074,884
|
|
|
|
Nebraska - 0.8%
|
||
|
|
Central Plains Energy Project, NE, Rev
|
|
|
|
1,500,000
|
4.00%, 12/01/2049(1)
|
1,505,003
|
|
|
1,365,000
|
5.00%, 05/01/2054(1)
|
1,440,019
|
|
|
300,000
|
County of Washington, NE, Rev 0.90%,
09/01/2030(1)
|
293,304
|
|
|
500,000
|
Nebraska Investment Finance Auth, NE, Rev,
(FHLMC), (FNMA), (GNMA) 5.00%,
03/01/2049
|
512,138
|
|
|
|
|
|
3,750,464
|
|
|
Nevada - 0.9%
|
||
|
260,000
|
City of North Las Vegas, NV, Special
Assessment 4.50%, 06/01/2039
|
249,535
|
|
|
280,000
|
City of Reno, NV, Rev, (AGM) 5.00%,
06/01/2033
|
294,958
|
|
|
300,000
|
Clark County School Dist, NV, GO 5.00%,
06/15/2035
|
317,254
|
|
|
2,850,000
|
County of Clark Department of Aviation, NV,
Rev 5.00%, 07/01/2026
|
2,919,927
|
|
|
250,000
|
County of Clark Passenger Facility Charge, NV,
Rev 5.00%, 07/01/2028
|
268,619
|
|
|
200,000
|
Las Vegas Convention & Visitors Auth, NV, Rev
5.00%, 07/01/2029
|
200,047
|
|
|
|
|
|
4,250,340
|
|
|
New Hampshire - 1.0%
|
||
|
|
New Hampshire Business Finance Auth, NH,
Rev
|
|
|
|
1,295,000
|
4.00%, 12/01/2028
|
1,298,443
|
|
|
80,000
|
4.00%, 01/01/2041
|
73,456
|
|
|
650,000
|
(BAM) 5.00%, 06/01/2036
|
715,922
|
|
|
715,000
|
(BAM) 5.00%, 12/01/2036
|
786,237
|
|
|
860,000
|
(BAM) 5.00%, 12/01/2037
|
942,760
|
|
|
665,000
|
(BAM) 5.00%, 12/01/2038
|
725,996
|
|
|
|
|
|
4,542,814
|
|
|
New Jersey - 1.8%
|
||
|
830,000
|
New Jersey Educational Facs Auth, NJ, Rev,
(AGM) 5.00%, 07/01/2043
|
922,134
|
|
|
430,000
|
New Jersey Higher Education Student
Assistance Auth, NJ, Rev 5.00%, 12/01/2025
|
435,644
|
|
|
3,840,000
|
New Jersey Transportation Trust Fund Auth, NJ,
Rev 5.00%, 06/15/2032
|
4,259,921
|
|
|
|
New Jersey Turnpike Auth, NJ, Rev
|
|
|
|
465,000
|
5.00%, 01/01/2034
|
530,520
|
|
|
1,695,000
|
5.00%, 01/01/2042
|
1,869,549
|
|
|
325,000
|
Newark Board of Education, NJ, GO, (BAM)
5.00%, 07/15/2027
|
341,958
|
|
|
250,000
|
Tobacco Settlement Financing Corp., NJ, Rev
5.00%, 06/01/2029
|
263,346
|
|
|
|
|
|
8,623,072
|
|
|
New Mexico - 1.5%
|
||
|
4,250,000
|
City of Santa Fe, NM, Rev 5.00%, 05/15/2049
|
4,232,641
|
|
|
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
|
750,000
|
(FHLMC), (FNMA), (GNMA) 2.70%,
09/01/2047
|
545,159
|
|
|
35,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2049
|
35,047
|
|
|
1,830,000
|
(FHLMC), (FNMA), (GNMA) 6.50%,
09/01/2054
|
2,023,702
|
|
|
|
|
|
6,836,549
|
|
|
22
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
New York - 10.5%
|
||
|
|
City of New York, NY, GO
|
|
|
|
$ 530,000
|
5.00%, 04/01/2036
|
$557,707
|
|
|
1,800,000
|
5.00%, 08/01/2036
|
2,035,286
|
|
|
2,500,000
|
5.00%, 09/01/2037
|
2,816,200
|
|
|
500,000
|
5.00%, 09/01/2038
|
561,574
|
|
|
|
Empire State Dev Corp., NY, Rev
|
|
|
|
2,000,000
|
4.00%, 03/15/2037
|
2,042,096
|
|
|
515,000
|
5.00%, 03/15/2038
|
534,420
|
|
|
|
Long Island Power Auth, NY, Rev
|
|
|
|
500,000
|
0.85%, 09/01/2050(1)
|
486,646
|
|
|
295,000
|
5.00%, 09/01/2033
|
313,557
|
|
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
2,000,000
|
5.00%, 11/15/2029
|
2,030,704
|
|
|
265,000
|
5.00%, 11/15/2032
|
268,662
|
|
|
195,000
|
5.00%, 11/15/2033
|
211,279
|
|
|
1,000,000
|
5.00%, 11/15/2045(1)
|
1,075,470
|
|
|
575,000
|
5.00%, 11/15/2048
|
596,545
|
|
|
|
New York City Industrial Dev Agency, NY, Rev,
|
|
|
|
670,000
|
(AGM) 3.00%, 01/01/2033
|
641,128
|
|
|
150,000
|
(AGM) 5.00%, 03/01/2030
|
163,754
|
|
|
|
New York City Municipal Water Finance Auth,
NY, Rev
|
|
|
|
1,200,000
|
3.00%, 06/15/2040
|
1,032,413
|
|
|
7,000,000
|
3.90%, 06/15/2045(1)
|
7,000,000
|
|
|
690,000
|
4.13%, 06/15/2047
|
679,522
|
|
|
500,000
|
5.00%, 06/15/2040
|
531,817
|
|
|
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev
|
|
|
|
185,000
|
4.00%, 11/01/2035
|
189,602
|
|
|
580,000
|
4.00%, 11/01/2036
|
593,247
|
|
|
2,305,000
|
4.00%, 02/01/2038
|
2,350,542
|
|
|
1,000,000
|
4.00%, 11/01/2038
|
1,017,854
|
|
|
570,000
|
5.00%, 05/01/2038
|
603,592
|
|
|
|
New York City Transitional Finance Auth, NY,
Rev
|
|
|
|
200,000
|
5.00%, 05/01/2037
|
223,406
|
|
|
390,000
|
5.00%, 02/01/2038
|
435,257
|
|
|
1,360,000
|
5.00%, 05/01/2038
|
1,512,924
|
|
|
|
New York Liberty Dev Corp., NY, Rev
|
|
|
|
450,000
|
0.95%, 11/15/2027
|
406,473
|
|
|
405,000
|
2.75%, 02/15/2044
|
310,579
|
|
|
2,175,000
|
5.00%, 11/15/2044(2)
|
2,174,956
|
|
|
|
New York State Dormitory Auth, NY, Rev
|
|
|
|
1,000,000
|
3.00%, 03/15/2041
|
864,427
|
|
|
1,650,000
|
4.00%, 03/15/2038
|
1,676,322
|
|
|
675,000
|
4.00%, 03/15/2040
|
677,885
|
|
|
630,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
10/01/2037
|
700,221
|
|
|
245,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
10/01/2038
|
271,986
|
|
|
1,900,000
|
New York State Housing Finance Agency, NY,
Rev 3.20%, 11/15/2037(1)
|
1,900,000
|
|
|
|
New York Transportation Dev Corp., NY, Rev,
|
|
|
|
370,000
|
(AGC) 0.00%, 12/31/2054(4)(6)
|
237,582
|
|
|
130,000
|
5.00%, 12/01/2024
|
130,088
|
|
|
1,495,000
|
(AGM) 5.00%, 06/30/2049
|
1,546,980
|
|
|
|
Port Auth of New York & New Jersey, NY, Rev
|
|
|
|
500,000
|
3.00%, 10/01/2027
|
490,445
|
|
|
185,000
|
4.00%, 07/15/2040
|
186,341
|
|
|
3,000,000
|
5.00%, 09/01/2031
|
3,238,889
|
|
|
800,000
|
5.00%, 11/15/2035
|
815,036
|
|
|
835,000
|
5.00%, 01/15/2037
|
888,557
|
|
|
290,000
|
5.00%, 12/01/2037
|
309,378
|
|
|
700,000
|
5.00%, 11/01/2038
|
727,102
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
New York - 10.5% - (continued)
|
||
|
$ 500,000
|
5.00%, 12/01/2038
|
$531,509
|
|
|
260,000
|
Triborough Bridge & Tunnel Auth, NY, Rev
5.00%, 11/15/2049
|
272,834
|
|
|
|
|
|
48,862,794
|
|
|
North Carolina - 0.8%
|
||
|
880,000
|
North Carolina Housing Finance Agency, NC,
Rev, (FHLMC), (FNMA), (GNMA) 3.75%,
07/01/2052
|
879,831
|
|
|
|
North Carolina Medical Care Commission, NC,
Rev
|
|
|
|
255,000
|
4.00%, 01/01/2025
|
254,654
|
|
|
1,455,000
|
4.00%, 09/01/2051
|
1,233,831
|
|
|
325,000
|
4.25%, 09/01/2028(4)
|
325,463
|
|
|
395,000
|
5.00%, 01/01/2038
|
405,560
|
|
|
145,000
|
5.00%, 01/01/2039
|
140,007
|
|
|
210,000
|
5.00%, 01/01/2044
|
212,750
|
|
|
500,000
|
5.50%, 09/01/2054(4)
|
507,957
|
|
|
|
|
|
3,960,053
|
|
|
North Dakota - 0.1%
|
||
|
605,000
|
North Dakota Housing Finance Agency, ND, Rev
6.25%, 01/01/2055
|
676,954
|
|
|
|
Ohio - 2.3%
|
||
|
|
American Municipal Power, Inc., OH, Rev
|
|
|
|
1,000,000
|
4.00%, 02/15/2036
|
1,018,803
|
|
|
1,000,000
|
4.00%, 02/15/2037
|
1,015,267
|
|
|
1,230,000
|
Buckeye Tobacco Settlement Financing Auth,
OH, Rev 5.00%, 06/01/2055
|
1,110,622
|
|
|
100,000
|
Cleveland Department of Public Utilities Division
of Public Power, OH, Rev, (AGM) 5.00%,
11/15/2030
|
106,178
|
|
|
250,000
|
County of Allen Hospital Facs, OH, Rev 5.00%,
12/01/2029
|
272,587
|
|
|
1,435,000
|
Jefferson County Port Auth, OH, Rev 5.00%,
12/01/2053(1)(2)
|
1,462,548
|
|
|
555,000
|
Lancaster Port Auth, OH, Rev 5.00%,
02/01/2055(1)(4)
|
590,523
|
|
|
845,000
|
Ohio Air Quality Dev Auth, OH, Rev 4.00%,
09/01/2030(1)
|
853,426
|
|
|
|
Ohio Housing Finance Agency, OH, Rev,
|
|
|
|
370,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
09/01/2032(4)
|
432,468
|
|
|
360,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
03/01/2033(4)
|
421,991
|
|
|
250,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
03/01/2034(4)
|
294,484
|
|
|
665,000
|
(FHLMC), (FNMA), (GNMA) 6.25%,
03/01/2055
|
734,806
|
|
|
|
Port of Greater Cincinnati Dev Auth, OH, Rev
|
|
|
|
1,235,000
|
5.00%, 12/01/2037
|
1,377,588
|
|
|
755,000
|
5.00%, 12/01/2038
|
842,250
|
|
|
360,000
|
State of Ohio, OH, Rev 2.75%, 01/01/2052(1)
|
352,529
|
|
|
|
|
|
10,886,070
|
|
|
Oklahoma - 0.3%
|
||
|
925,000
|
Canadian County Educational Facs Auth, OK,
Rev 5.00%, 09/01/2033
|
1,028,630
|
|
|
555,000
|
Grand River Dam Auth, OK, Rev 5.00%,
06/01/2041
|
613,674
|
|
|
|
|
|
1,642,304
|
|
|
Oregon - 1.2%
|
||
|
30,000
|
Benton & Linn Counties Consolidated School
Dist No. 509J & 509A Corvallis, OR, GO,
(SCH BD GTY) 5.00%, 06/15/2038(6)
|
31,548
|
|
|
|
23
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Oregon - 1.2% - (continued)
|
||
|
$ 20,000
|
Marion County School Dist No. 15 North Marion,
OR, GO, (SCH BD GTY) 0.00%,
06/15/2037(5)
|
$11,722
|
|
|
115,000
|
Multnomah & Clackamas Counties School Dist
No. 10JT Gresham-Barlow, OR, GO, (SCH
BD GTY) 0.00%, 06/15/2038(5)
|
63,864
|
|
|
|
Port of Portland Airport, OR, Rev
|
|
|
|
270,000
|
5.00%, 07/01/2029
|
287,280
|
|
|
575,000
|
5.00%, 07/01/2030
|
614,909
|
|
|
1,910,000
|
5.00%, 07/01/2038
|
2,021,103
|
|
|
1,000,000
|
5.00%, 07/01/2044
|
1,023,743
|
|
|
1,250,000
|
5.25%, 07/01/2040
|
1,376,517
|
|
|
|
Salem Hospital Facility Auth, OR, Rev
|
|
|
|
40,000
|
5.00%, 05/15/2038
|
40,489
|
|
|
30,000
|
5.00%, 05/15/2048
|
29,514
|
|
|
30,000
|
State of Oregon Housing & Community
Services Department, OR, Rev 4.50%,
01/01/2049
|
30,086
|
|
|
45,000
|
State of Oregon, OR, GO 4.00%, 12/01/2048
|
44,942
|
|
|
100,000
|
Washington Clackamas & Yamhill Counties
School Dist No. 88J, OR, GO, (SCH BD GTY)
0.00%, 06/15/2034(5)
|
67,148
|
|
|
|
|
|
5,642,865
|
|
|
Pennsylvania - 3.1%
|
||
|
135,000
|
Armstrong School Dist, PA, GO, (BAM), (ST AID
WITHHLDG) 4.00%, 03/15/2035
|
136,430
|
|
|
735,000
|
City of Philadelphia Water & Wastewater, PA,
Rev, (AGM) 5.00%, 09/01/2036
|
825,841
|
|
|
3,000,000
|
Coatesville School Dist, PA, GO, (BAM), (ST
AID WITHHLDG) 5.25%, 11/15/2037
|
3,208,653
|
|
|
100,000
|
Commonwealth Financing Auth, PA, Rev 5.00%,
06/01/2027
|
104,735
|
|
|
450,000
|
Doylestown Hospital Auth, PA, Rev 5.38%,
07/01/2039(2)
|
491,144
|
|
|
585,000
|
Hospitals & Higher Education Facs Auth of
Philadelphia, PA, Rev, (AGM) 5.00%,
07/01/2037
|
631,347
|
|
|
345,000
|
Lancaster Industrial Dev Auth, PA, Rev 4.00%,
07/01/2056
|
295,838
|
|
|
|
Montgomery County Industrial Dev Auth, PA,
Rev
|
|
|
|
230,000
|
5.00%, 12/01/2030
|
233,230
|
|
|
240,000
|
5.00%, 12/01/2044
|
242,322
|
|
|
100,000
|
5.00%, 12/01/2046
|
100,284
|
|
|
|
Pennsylvania Economic Dev Financing Auth
Parking System, PA, Rev,
|
|
|
|
465,000
|
(AGM) 5.00%, 01/01/2038
|
496,348
|
|
|
290,000
|
(AGM) 5.00%, 01/01/2040
|
306,135
|
|
|
100,000
|
Pennsylvania Economic Dev Financing Auth,
PA, Rev 5.00%, 05/15/2038
|
110,168
|
|
|
240,000
|
Pennsylvania Higher Education Assistance
Agency, PA, Rev 5.00%, 06/01/2029
|
253,051
|
|
|
|
Pennsylvania Higher Educational Facs Auth, PA,
Rev
|
|
|
|
250,000
|
5.00%, 05/01/2025
|
251,509
|
|
|
750,000
|
5.00%, 05/01/2037
|
762,651
|
|
|
215,000
|
Pennsylvania Housing Finance Agency, PA, Rev
4.00%, 10/01/2038
|
214,239
|
|
|
150,000
|
Pennsylvania Turnpike Commission, PA, Rev
5.00%, 12/01/2030
|
158,435
|
|
|
|
Pittsburgh Water & Sewer Auth, PA, Rev,
|
|
|
|
15,000
|
(AGM) 5.00%, 09/01/2034
|
16,123
|
|
|
1,245,000
|
(AGM) 5.00%, 09/01/2036
|
1,398,874
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Pennsylvania - 3.1% - (continued)
|
||
|
$ 1,000,000
|
(AGM) 5.00%, 09/01/2037
|
$1,119,999
|
|
|
|
School Dist of Philadelphia, PA, GO,
|
|
|
|
280,000
|
(NPFG), (ST AID WITHHLDG) 5.00%,
06/01/2027
|
293,915
|
|
|
610,000
|
(ST AID WITHHLDG) 5.00%, 09/01/2032
|
648,407
|
|
|
875,000
|
(ST AID WITHHLDG) 5.00%, 09/01/2035
|
963,279
|
|
|
590,000
|
School Dist of the City of Erie, PA, GO, (AGM),
(ST AID WITHHLDG) 5.00%, 04/01/2028
|
625,073
|
|
|
375,000
|
Wilkes-Barre Area School Dist, PA, GO, (BAM),
(ST AID WITHHLDG) 5.00%, 04/15/2059
|
386,546
|
|
|
|
|
|
14,274,576
|
|
|
Puerto Rico - 1.3%
|
||
|
2,950,000
|
Commonwealth of Puerto Rico, PR, GO 5.63%,
07/01/2027
|
3,069,928
|
|
|
|
Puerto Rico Sales Tax Financing Corp., PR, Rev
|
|
|
|
3,119,000
|
0.00%, 07/01/2029(5)
|
2,598,422
|
|
|
625,000
|
5.00%, 07/01/2058
|
626,209
|
|
|
|
|
|
6,294,559
|
|
|
Rhode Island - 1.8%
|
||
|
|
Providence Public Building Auth, RI, Rev,
|
|
|
|
1,000,000
|
(AGC) 5.00%, 09/15/2037
|
1,095,050
|
|
|
665,000
|
(AGC) 5.00%, 09/15/2038
|
727,191
|
|
|
|
Rhode Island Health & Educational Building
Corp., RI, Rev,
|
|
|
|
1,250,000
|
(BAM), (ST AID WITHHLDG) 5.00%,
05/15/2032
|
1,393,568
|
|
|
585,000
|
(BAM), (ST AID WITHHLDG) 5.00%,
05/15/2034
|
662,045
|
|
|
3,000,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
05/15/2037
|
3,341,526
|
|
|
|
Rhode Island Student Loan Auth, RI, Rev
|
|
|
|
400,000
|
5.00%, 12/01/2027
|
415,849
|
|
|
765,000
|
5.00%, 12/01/2028
|
804,502
|
|
|
|
|
|
8,439,731
|
|
|
South Carolina - 1.2%
|
||
|
785,000
|
Patriots Energy Group Financing Agency, SC,
Rev 5.25%, 02/01/2054(1)
|
849,019
|
|
|
410,000
|
SCAGO Educational Facs Corp. for Pickens
School Dist, SC, Rev 5.00%, 12/01/2029
|
413,207
|
|
|
|
South Carolina Jobs-Economic Dev Auth, SC,
Rev
|
|
|
|
1,500,000
|
5.00%, 11/01/2036
|
1,677,212
|
|
|
345,000
|
5.00%, 11/01/2037
|
383,877
|
|
|
|
South Carolina Public Service Auth, SC, Rev
|
|
|
|
500,000
|
4.00%, 12/01/2034
|
501,808
|
|
|
625,000
|
4.00%, 12/01/2038
|
626,145
|
|
|
1,200,000
|
South Carolina State Housing Finance & Dev
Auth, SC, Rev 5.75%, 01/01/2054
|
1,301,089
|
|
|
|
|
|
5,752,357
|
|
|
South Dakota - 0.2%
|
||
|
|
South Dakota Housing Dev Auth, SD, Rev
|
|
|
|
400,000
|
4.50%, 11/01/2048
|
402,994
|
|
|
285,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
05/01/2054
|
304,525
|
|
|
|
|
|
707,519
|
|
|
Tennessee - 0.4%
|
||
|
|
Metropolitan Government Nashville & Davidson
County Health & Educational Facs Board,
TN, Rev
|
|
|
|
515,000
|
5.00%, 05/01/2035
|
561,311
|
|
|
195,000
|
5.00%, 05/01/2038
|
211,512
|
|
|
|
Tennessee Energy Acquisition Corp., TN, Rev
|
|
|
|
295,000
|
5.00%, 02/01/2025
|
295,290
|
|
|
|
24
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Tennessee - 0.4% - (continued)
|
||
|
$ 590,000
|
5.00%, 02/01/2027
|
$602,516
|
|
|
55,000
|
Tennessee Housing Dev Agency, TN, Rev
4.00%, 01/01/2049
|
55,070
|
|
|
|
|
|
1,725,699
|
|
|
Texas - 13.7%
|
||
|
|
Arlington Higher Education Finance Corp., TX,
Rev,
|
|
|
|
950,000
|
(PSF-GTD) 5.00%, 02/15/2037
|
1,030,300
|
|
|
450,000
|
(PSF-GTD) 5.00%, 08/15/2037
|
490,255
|
|
|
805,000
|
(PSF-GTD) 5.00%, 08/15/2040
|
868,320
|
|
|
160,000
|
Austin-Bergstrom Landhost Enterprises, Inc.,
TX, Rev 5.00%, 10/01/2029
|
164,290
|
|
|
|
Boerne Independent School Dist, TX, GO,
|
|
|
|
1,060,000
|
(PSF-GTD) 3.13%, 02/01/2053(1)
|
1,055,018
|
|
|
225,000
|
(PSF-GTD) 4.00%, 02/01/2054(1)
|
230,707
|
|
|
500,000
|
Brazos Higher Education Auth, Inc., TX, Rev
5.00%, 04/01/2025
|
502,012
|
|
|
|
Central Texas Regional Mobility Auth, TX, Rev
|
|
|
|
1,425,000
|
4.00%, 01/01/2035
|
1,447,013
|
|
|
505,000
|
4.00%, 01/01/2036
|
510,424
|
|
|
1,490,000
|
5.00%, 01/01/2046
|
1,553,135
|
|
|
|
City of Austin Airport System, TX, Rev
|
|
|
|
1,025,000
|
5.00%, 11/15/2032
|
1,105,094
|
|
|
500,000
|
5.00%, 11/15/2039
|
526,656
|
|
|
|
City of Dallas Hotel Occupancy Tax, TX, Rev
|
|
|
|
1,535,000
|
4.00%, 08/15/2033
|
1,536,729
|
|
|
100,000
|
4.00%, 08/15/2034
|
100,027
|
|
|
535,000
|
City of Dallas, TX, GO 5.00%, 02/15/2028
|
558,518
|
|
|
1,135,000
|
City of Houston Combined Utility System, TX,
Rev, (AGM) 0.00%, 12/01/2024(5)
|
1,131,571
|
|
|
750,000
|
City of Houston Hotel Occupancy Tax & Special,
TX, Rev, (AGM), (AMBAC) 0.00%,
09/01/2025(5)
|
727,834
|
|
|
|
City of San Antonio Electric & Gas Systems,
TX, Rev
|
|
|
|
555,000
|
1.75%, 02/01/2049(1)
|
541,125
|
|
|
245,000
|
5.00%, 02/01/2039
|
271,067
|
|
|
1,410,000
|
Clear Creek Independent School Dist, TX, GO,
(PSF-GTD) 3.60%, 02/15/2035(1)
|
1,411,809
|
|
|
975,000
|
Clifton Higher Education Finance Corp., TX,
Rev, (PSF-GTD) 5.00%, 08/15/2036
|
1,077,480
|
|
|
2,250,000
|
College Station Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 08/15/2044
|
2,231,858
|
|
|
|
Crowley Independent School Dist, TX, GO,
|
|
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2030
|
439,791
|
|
|
450,000
|
(PSF-GTD) 5.00%, 02/01/2031
|
500,177
|
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2032
|
448,363
|
|
|
1,310,000
|
Cypress-Fairbanks Independent School Dist,
TX, GO, (PSF-GTD) 5.00%, 02/15/2037
|
1,461,572
|
|
|
|
Dallas Fort Worth International Airport, TX, Rev
|
|
|
|
1,500,000
|
5.00%, 11/01/2031
|
1,613,169
|
|
|
1,500,000
|
5.00%, 11/01/2032
|
1,616,999
|
|
|
1,000,000
|
Eagle Mountain & Saginaw Independent School
Dist, TX, GO, (PSF-GTD) 5.00%, 08/15/2033
|
1,127,405
|
|
|
500,000
|
Fort Worth Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2033
|
560,832
|
|
|
450,000
|
Harris County Industrial Dev Corp., TX, Rev
4.05%, 11/01/2050(1)
|
452,647
|
|
|
|
Harris County-Houston Sports Auth, TX, Rev,
|
|
|
|
1,510,000
|
(AGC) 5.00%, 11/15/2032
|
1,664,502
|
|
|
615,000
|
5.00%, 11/15/2033
|
615,226
|
|
|
1,780,000
|
(AGC) 5.00%, 11/15/2033
|
1,966,365
|
|
|
400,000
|
Hidalgo County Regional Mobility Auth, TX, Rev
5.00%, 12/01/2030
|
428,171
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Texas - 13.7% - (continued)
|
||
|
$ 825,000
|
Hutto Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 08/01/2036
|
$925,329
|
|
|
|
Joshua Independent School Dist, TX, GO,
|
|
|
|
1,500,000
|
(PSF-GTD) 5.00%, 08/15/2038
|
1,667,000
|
|
|
500,000
|
(PSF-GTD) 5.00%, 08/15/2039
|
553,143
|
|
|
|
Lower Colorado River Auth, TX, Rev,
|
|
|
|
1,665,000
|
(AGM) 5.00%, 05/15/2035
|
1,832,666
|
|
|
675,000
|
5.00%, 05/15/2038
|
727,011
|
|
|
835,000
|
(AGC) 5.00%, 05/15/2044
|
900,744
|
|
|
|
Melissa Independent School Dist, TX, GO,
|
|
|
|
1,000,000
|
(PSF-GTD) 5.00%, 02/01/2036
|
1,132,779
|
|
|
420,000
|
(PSF-GTD) 5.00%, 02/01/2037
|
473,689
|
|
|
500,000
|
New Hope Cultural Education Facs Finance
Corp., TX, Rev 5.00%, 11/01/2046
|
417,514
|
|
|
3,000,000
|
North Texas Tollway Auth, TX, Rev 4.13%,
01/01/2040
|
3,021,015
|
|
|
|
Northside Independent School Dist, TX, GO,
|
|
|
|
1,250,000
|
(PSF-GTD) 2.00%, 06/01/2052(1)
|
1,201,946
|
|
|
1,000,000
|
(PSF-GTD) 5.00%, 08/01/2036(1)
|
1,118,118
|
|
|
1,020,000
|
(PSF-GTD) 5.00%, 08/01/2038(1)
|
1,130,589
|
|
|
2,000,000
|
San Antonio Water System, TX, Rev 1.00%,
05/01/2043(1)
|
1,870,628
|
|
|
500,000
|
Southwest Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/01/2036
|
552,866
|
|
|
6,700,000
|
State of Texas, TX, GO 3.05%, 12/01/2050(1)
|
6,700,000
|
|
|
|
Texas Department of Housing & Community
Affairs, TX, Rev,
|
|
|
|
1,250,000
|
(GNMA) 2.25%, 07/01/2041
|
914,624
|
|
|
1,125,000
|
(GNMA) 3.00%, 03/01/2050
|
841,277
|
|
|
1,430,000
|
(GNMA) 3.63%, 09/01/2044
|
1,290,066
|
|
|
2,000,000
|
Texas Department of Transportation State
Highway Fund, TX, Rev 0.43%, 04/01/2025
|
1,971,101
|
|
|
1,610,000
|
Texas Municipal Gas Acquisition & Supply Corp.
I, TX, Rev 6.25%, 12/15/2026
|
1,654,431
|
|
|
500,000
|
Texas Public Finance Auth, TX, Rev 4.00%,
02/01/2034
|
511,451
|
|
|
200,000
|
Texas Transportation Commission State
Highway 249 System, TX, Rev 0.00%,
08/01/2038(5)
|
107,932
|
|
|
|
Uptown Dev Auth, TX, Tax Allocation
|
|
|
|
220,000
|
4.00%, 09/01/2032
|
215,970
|
|
|
250,000
|
4.00%, 09/01/2035
|
235,917
|
|
|
|
|
|
63,934,267
|
|
|
Utah - 0.4%
|
||
|
590,000
|
County of Salt Lake, UT, Rev, (AMBAC) 5.13%,
02/15/2033
|
594,152
|
|
|
1,250,000
|
Utah Transit Auth, UT, Rev, (AGM) 5.25%,
06/15/2029
|
1,358,561
|
|
|
|
|
|
1,952,713
|
|
|
Virginia - 1.4%
|
||
|
1,325,000
|
Arlington County Industrial Dev Auth, VA, Rev
5.00%, 07/01/2053(1)
|
1,423,765
|
|
|
750,000
|
Henrico County Economic Dev Auth, VA, Rev
5.00%, 10/01/2047
|
788,000
|
|
|
255,000
|
James City County Economic Dev Auth, VA, Rev
5.25%, 12/01/2027
|
255,293
|
|
|
620,000
|
Virginia Beach Dev Auth, VA, Rev 5.38%,
09/01/2029
|
642,409
|
|
|
|
Virginia Small Business Financing Auth, VA, Rev
|
|
|
|
1,000,000
|
4.00%, 01/01/2033
|
997,554
|
|
|
1,100,000
|
4.00%, 07/01/2034
|
1,089,674
|
|
|
835,000
|
5.00%, 07/01/2035
|
882,230
|
|
|
350,000
|
5.00%, 12/31/2047
|
363,774
|
|
|
|
|
|
6,442,699
|
|
|
25
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Washington - 3.2%
|
||
|
|
Grant County Public Utility Dist No. 2 Priest
Rapids Hydroelectric Project, WA, Rev
|
|
|
|
$ 3,000,000
|
5.00%, 01/01/2036
|
$3,411,603
|
|
|
2,000,000
|
5.00%, 01/01/2037
|
2,266,249
|
|
|
500,000
|
King County School Dist No. 210 Federal Way,
WA, GO, (SCH BD GTY) 4.00%, 12/01/2036
|
506,474
|
|
|
|
Port of Seattle, WA, Rev
|
|
|
|
1,600,000
|
5.25%, 07/01/2039
|
1,750,476
|
|
|
595,000
|
5.25%, 07/01/2041
|
644,558
|
|
|
1,105,000
|
Snohomish County School Dist No. 15
Edmonds, WA, GO, (SCH BD GTY) 5.00%,
12/01/2038
|
1,237,653
|
|
|
|
State of Washington, WA, GO
|
|
|
|
1,105,000
|
4.00%, 07/01/2035
|
1,139,329
|
|
|
460,000
|
5.00%, 08/01/2044
|
488,538
|
|
|
|
Washington Health Care Facs Auth, WA, Rev
|
|
|
|
1,500,000
|
4.00%, 08/01/2044
|
1,431,875
|
|
|
1,725,000
|
5.00%, 10/01/2042
|
1,695,778
|
|
|
500,000
|
Washington State Housing Finance
Commission, WA, Rev 5.00%, 01/01/2031(2)
|
503,200
|
|
|
|
|
|
15,075,733
|
|
|
West Virginia - 0.4%
|
||
|
1,870,000
|
West Virginia Economic Dev Auth, WV, Rev
3.75%, 12/01/2042(1)
|
1,869,975
|
|
|
|
Wisconsin - 2.3%
|
||
|
|
Public Finance Auth, WI, Rev
|
|
|
|
505,000
|
4.00%, 10/01/2041
|
479,383
|
|
|
835,000
|
4.00%, 10/01/2046(1)
|
840,897
|
|
|
170,000
|
(AGM) 4.00%, 07/01/2050
|
160,932
|
|
|
25,000
|
5.00%, 09/01/2025(2)
|
25,090
|
|
|
1,000,000
|
(AGM) 5.00%, 07/01/2036
|
1,036,592
|
|
|
510,000
|
5.00%, 12/15/2039(2)
|
524,363
|
|
|
750,000
|
5.00%, 10/01/2043(2)
|
752,374
|
|
|
465,000
|
5.00%, 10/01/2044
|
478,975
|
|
|
400,000
|
5.00%, 12/15/2044(2)
|
403,495
|
|
|
|
University of Wisconsin Hospitals & Clinics, WI,
Rev
|
|
|
|
310,000
|
4.00%, 04/01/2035
|
313,050
|
|
|
220,000
|
4.00%, 04/01/2039
|
217,753
|
|
|
650,000
|
5.00%, 04/01/2037
|
728,535
|
|
|
265,000
|
5.00%, 04/01/2038
|
295,943
|
|
|
120,000
|
Wisconsin Center Dist, WI, Rev, (AGM) 0.00%,
12/15/2029(5)
|
99,733
|
|
|
|
Wisconsin Health & Educational Facs Auth, WI,
Rev
|
|
|
|
840,000
|
5.00%, 11/01/2039
|
843,722
|
|
|
680,000
|
5.75%, 08/15/2059
|
728,341
|
|
|
|
Wisconsin Housing & Economic Dev Auth Home
Ownership, WI, Rev,
|
|
|
|
1,595,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
09/01/2054
|
1,732,756
|
|
|
935,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
03/01/2055
|
1,020,758
|
|
|
135,000
|
Wisconsin Housing & Economic Dev Auth
Housing, WI, Rev, (HUD) 0.50%,
11/01/2050(1)
|
135,000
|
|
|
|
|
|
10,817,692
|
|
|
Wyoming - 0.1%
|
||
|
280,000
|
Wyoming Community Dev Auth, WY, Rev 6.00%,
12/01/2054
|
306,011
|
|
|
|
Total Municipal Bonds
(cost $464,000,075)
|
|
$459,354,804
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 0.2%
|
|||
|
|
Mortgage-Backed Agencies - 0.2%
|
||
|
|
Federal Home Loan Mortgage Corp. - 0.2%
|
||
|
$ 1,140,000
|
3.15%, 10/15/2036
|
$1,000,196
|
|
|
|
Total U.S. Government Agencies
(cost $1,159,378)
|
|
$1,000,196
|
|
|
Total Long-Term Investments
(cost $465,159,453)
|
|
$460,355,000
|
|
SHORT-TERM INVESTMENTS - 0.7%
|
|||
|
|
Repurchase Agreements - 0.7%
|
||
|
3,456,193
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%,
due on 11/01/2024 with a maturity value of
$3,456,659; collateralized by U.S. Treasury
Note at 0.88%, maturing 06/30/2026, with
a market value of $3,525,415
|
$3,456,193
|
|
|
|
Total Short-Term Investments
(cost $3,456,193)
|
$3,456,193
|
|
|
|
Total Investments
(cost $468,615,646)
|
99.2
%
|
$463,811,193
|
|
|
Other Assets and Liabilities
|
0.8
%
|
3,586,297
|
|
|
Net Assets
|
100.0
%
|
$467,397,490
|
|
(1)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(2)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$8,835,598, representing 1.9% of net assets.
|
|
(3)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
(4)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was
$10,828,160 at October 31, 2024.
|
|
(5)
|
Security is a zero-coupon bond.
|
|
(6)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
|
26
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Municipal Bonds
|
$459,354,804
|
$—
|
$459,354,804
|
$—
|
|
U.S. Government Agencies
|
1,000,196
|
—
|
1,000,196
|
—
|
|
Short-Term Investments
|
3,456,193
|
—
|
3,456,193
|
—
|
|
Total
|
$463,811,193
|
$—
|
$463,811,193
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
27
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5%
|
|||
|
|
Banks - 9.7%
|
||
|
86,318
|
Bank of America Corp.
|
$3,609,819
|
|
|
34,842
|
Bank of Nova Scotia
|
1,794,014
|
|
|
29,351
|
JP Morgan Chase & Co.
|
6,513,574
|
|
|
85,788
|
Wells Fargo & Co.
|
5,569,357
|
|
|
|
|
|
17,486,764
|
|
|
Capital Goods - 5.6%
|
||
|
14,578
|
Honeywell International, Inc.
|
2,998,403
|
|
|
5,551
|
Lockheed Martin Corp.
|
3,031,123
|
|
|
17,908
|
Otis Worldwide Corp.
|
1,758,566
|
|
|
11,859
|
Westinghouse Air Brake Technologies Corp.
|
2,229,255
|
|
|
|
|
|
10,017,347
|
|
|
Consumer Discretionary Distribution & Retail - 2.7%
|
||
|
60,811
|
LKQ Corp.
|
2,237,237
|
|
|
3,945
|
Lowe's Cos., Inc.
|
1,032,919
|
|
|
13,652
|
TJX Cos., Inc.
|
1,543,085
|
|
|
|
|
|
4,813,241
|
|
|
Consumer Services - 1.2%
|
||
|
56,202
|
Aramark
|
2,126,122
|
|
|
|
Consumer Staples Distribution & Retail - 0.9%
|
||
|
22,005
|
Sysco Corp.
|
1,649,275
|
|
|
|
Energy - 8.3%
|
||
|
20,299
|
Chevron Corp.
|
3,020,897
|
|
|
65,053
|
Coterra Energy, Inc.
|
1,556,068
|
|
|
30,272
|
EOG Resources, Inc.
|
3,691,973
|
|
|
47,300
|
TotalEnergies SE ADR
|
2,959,088
|
|
|
71,875
|
Williams Cos., Inc.
|
3,764,094
|
|
|
|
|
|
14,992,120
|
|
|
Equity Real Estate Investment Trusts (REITs) - 4.3%
|
||
|
12,336
|
American Tower Corp. REIT
|
2,634,230
|
|
|
86,484
|
Host Hotels & Resorts, Inc. REIT
|
1,490,984
|
|
|
4,996
|
Public Storage REIT
|
1,643,984
|
|
|
11,612
|
Simon Property Group, Inc. REIT
|
1,963,821
|
|
|
|
|
|
7,733,019
|
|
|
Financial Services - 5.2%
|
||
|
16,964
|
American Express Co.
|
4,581,637
|
|
|
41,162
|
Morgan Stanley
|
4,785,082
|
|
|
|
|
|
9,366,719
|
|
|
Food, Beverage & Tobacco - 6.0%
|
||
|
68,627
|
Keurig Dr. Pepper, Inc.
|
2,261,260
|
|
|
22,650
|
Mondelez International, Inc. Class A
|
1,551,072
|
|
|
39,827
|
Philip Morris International, Inc.
|
5,285,043
|
|
|
30,043
|
Tyson Foods, Inc. Class A
|
1,760,219
|
|
|
|
|
|
10,857,594
|
|
|
Health Care Equipment & Services - 8.2%
|
||
|
10,433
|
Becton Dickinson & Co.
|
2,437,044
|
|
|
6,492
|
Elevance Health, Inc.
|
2,634,194
|
|
|
41,196
|
Medtronic PLC
|
3,676,743
|
|
|
10,479
|
UnitedHealth Group, Inc.
|
5,915,396
|
|
|
|
|
|
14,663,377
|
|
|
Household & Personal Products - 2.8%
|
||
|
6,129
|
Estee Lauder Cos., Inc. Class A
|
422,533
|
|
|
50,431
|
Kenvue, Inc.
|
1,156,383
|
|
|
57,148
|
Unilever PLC ADR
|
3,480,885
|
|
|
|
|
|
5,059,801
|
|
|
Insurance - 6.4%
|
||
|
29,774
|
American International Group, Inc.
|
2,259,251
|
|
|
8,041
|
Chubb Ltd.
|
2,271,100
|
|
|
13,350
|
Marsh & McLennan Cos., Inc.
|
2,913,504
|
|
|
14,781
|
MetLife, Inc.
|
1,159,126
|
|
|
34,005
|
Principal Financial Group, Inc.
|
2,802,012
|
|
|
|
|
|
11,404,993
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Materials - 4.4%
|
||
|
171,134
|
Amcor PLC
|
$1,904,721
|
|
|
30,667
|
BHP Group Ltd. ADR(1)
|
1,700,792
|
|
|
12,511
|
Celanese Corp.
|
1,576,011
|
|
|
41,417
|
FMC Corp.
|
2,691,691
|
|
|
|
|
|
7,873,215
|
|
|
Media & Entertainment - 5.6%
|
||
|
10,146
|
Alphabet, Inc. Class A
|
1,736,082
|
|
|
54,853
|
Comcast Corp. Class A
|
2,395,430
|
|
|
36,229
|
Omnicom Group, Inc.
|
3,659,129
|
|
|
22,845
|
Walt Disney Co.
|
2,197,689
|
|
|
|
|
|
9,988,330
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.6%
|
||
|
44,556
|
AstraZeneca PLC ADR
|
3,170,159
|
|
|
5,964
|
Gilead Sciences, Inc.
|
529,722
|
|
|
20,794
|
Merck & Co., Inc.
|
2,127,642
|
|
|
22,864
|
Novartis AG ADR
|
2,478,458
|
|
|
124,825
|
Pfizer, Inc.
|
3,532,548
|
|
|
|
|
|
11,838,529
|
|
|
Semiconductors & Semiconductor Equipment - 4.2%
|
||
|
9,680
|
NXP Semiconductors NV
|
2,269,960
|
|
|
16,758
|
QUALCOMM, Inc.
|
2,727,700
|
|
|
12,202
|
Texas Instruments, Inc.
|
2,478,958
|
|
|
|
|
|
7,476,618
|
|
|
Software & Services - 4.0%
|
||
|
7,864
|
Accenture PLC Class A
|
2,711,664
|
|
|
42,306
|
Cognizant Technology Solutions Corp. Class A
|
3,155,605
|
|
|
2,445
|
Roper Technologies, Inc.
|
1,314,750
|
|
|
|
|
|
7,182,019
|
|
|
Technology Hardware & Equipment - 2.0%
|
||
|
64,401
|
Cisco Systems, Inc.
|
3,527,243
|
|
|
|
Telecommunication Services - 0.7%
|
||
|
5,801
|
T-Mobile U.S., Inc.
|
1,294,551
|
|
|
|
Transportation - 3.0%
|
||
|
30,747
|
Delta Air Lines, Inc.
|
1,759,343
|
|
|
68,386
|
Knight-Swift Transportation Holdings, Inc.
|
3,561,543
|
|
|
|
|
|
5,320,886
|
|
|
Utilities - 6.7%
|
||
|
32,505
|
American Electric Power Co., Inc.
|
3,209,869
|
|
|
22,563
|
Atmos Energy Corp.
|
3,131,293
|
|
|
26,442
|
Duke Energy Corp.
|
3,047,969
|
|
|
31,823
|
Sempra
|
2,653,084
|
|
|
|
|
|
12,042,215
|
|
|
Total Common Stocks
(cost $132,032,836)
|
|
$176,713,978
|
|
SHORT-TERM INVESTMENTS - 0.8%
|
|||
|
|
Securities Lending Collateral - 0.8%
|
||
|
238,843
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class, 4.77%(2)
|
$238,843
|
|
|
796,142
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.78%(2)
|
796,142
|
|
|
238,842
|
Invesco Government & Agency Portfolio, Institutional
Class, 4.76%(2)
|
238,842
|
|
|
|
28
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.8% - (continued)
|
|||
|
|
Securities Lending Collateral - 0.8% - (continued)
|
||
|
238,842
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class, 4.78%(2)
|
$238,842
|
|
|
|
Total Short-Term Investments
(cost $1,512,669)
|
$1,512,669
|
|
|
|
Total Investments
(cost $133,545,505)
|
99.3
%
|
$178,226,647
|
|
|
Other Assets and Liabilities
|
0.7
%
|
1,212,770
|
|
|
Net Assets
|
100.0
%
|
$179,439,417
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(2)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
Banks
|
$17,486,764
|
$17,486,764
|
$—
|
$—
|
|
Capital Goods
|
10,017,347
|
10,017,347
|
—
|
—
|
|
Consumer Discretionary Distribution & Retail
|
4,813,241
|
4,813,241
|
—
|
—
|
|
Consumer Services
|
2,126,122
|
2,126,122
|
—
|
—
|
|
Consumer Staples Distribution & Retail
|
1,649,275
|
1,649,275
|
—
|
—
|
|
Energy
|
14,992,120
|
14,992,120
|
—
|
—
|
|
Equity Real Estate Investment Trusts (REITs)
|
7,733,019
|
7,733,019
|
—
|
—
|
|
Financial Services
|
9,366,719
|
9,366,719
|
—
|
—
|
|
Food, Beverage & Tobacco
|
10,857,594
|
10,857,594
|
—
|
—
|
|
Health Care Equipment & Services
|
14,663,377
|
14,663,377
|
—
|
—
|
|
Household & Personal Products
|
5,059,801
|
5,059,801
|
—
|
—
|
|
Insurance
|
11,404,993
|
11,404,993
|
—
|
—
|
|
Materials
|
7,873,215
|
7,873,215
|
—
|
—
|
|
Media & Entertainment
|
9,988,330
|
9,988,330
|
—
|
—
|
|
Pharmaceuticals, Biotechnology & Life Sciences
|
11,838,529
|
11,838,529
|
—
|
—
|
|
Semiconductors & Semiconductor Equipment
|
7,476,618
|
7,476,618
|
—
|
—
|
|
Software & Services
|
7,182,019
|
7,182,019
|
—
|
—
|
|
Technology Hardware & Equipment
|
3,527,243
|
3,527,243
|
—
|
—
|
|
Telecommunication Services
|
1,294,551
|
1,294,551
|
—
|
—
|
|
Transportation
|
5,320,886
|
5,320,886
|
—
|
—
|
|
Utilities
|
12,042,215
|
12,042,215
|
—
|
—
|
|
Short-Term Investments
|
1,512,669
|
1,512,669
|
—
|
—
|
|
Total
|
$178,226,647
|
$178,226,647
|
$—
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
29
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 0.9%
|
|||
|
|
Materials - 0.9%
|
||
|
697
|
Aclara Resources, Inc.*
|
$232
|
|
|
200
|
Agnico Eagle Mines Ltd.
|
17,258
|
|
|
500
|
Alamos Gold, Inc. Class A
|
10,090
|
|
|
500
|
Barrick Gold Corp.
|
9,660
|
|
|
5,000
|
Calibre Mining Corp.*
|
9,075
|
|
|
929
|
Endeavour Mining PLC
|
20,547
|
|
|
1,000
|
Kinross Gold Corp.
|
10,080
|
|
|
300
|
Newmont Corp.
|
13,632
|
|
|
|
Total Common Stocks
(cost $95,293)
|
|
$90,574
|
|
SHORT-TERM INVESTMENTS - 84.9%
|
|||
|
|
U.S. Treasury Securities - 84.9%
|
||
|
|
U.S. Treasury Bills - 84.9%
|
||
|
$ 1,030,000
|
4.42%, 11/07/2024(1)
|
$1,029,128
|
|
|
780,000
|
4.45%, 12/12/2024(1)
|
776,024
|
|
|
645,900
|
4.50%, 12/19/2024(1)
|
642,024
|
|
|
1,030,000
|
4.50%, 01/30/2025(1)
|
1,018,567
|
|
|
190,000
|
4.54%, 12/19/2024(1)
|
188,848
|
|
|
1,000,000
|
4.54%, 01/09/2025(1)
|
991,442
|
|
|
870,000
|
4.57%, 01/16/2025(1)
|
861,814
|
|
|
1,000,000
|
4.57%, 01/23/2025(1)
|
989,774
|
|
|
680,000
|
4.74%, 11/29/2024(1)
|
677,448
|
|
|
970,000
|
4.78%, 11/14/2024(1)
|
968,226
|
|
|
450,000
|
4.87%, 11/29/2024(1)
|
448,267
|
|
|
|
Total Short-Term Investments
(cost $8,591,197)
|
$8,591,562
|
|
|
|
Total Investments
(cost $8,686,490)
|
85.8
%
|
$8,682,136
|
|
|
Other Assets and Liabilities
|
14.2
%
|
1,436,017
|
|
|
Net Assets
|
100.0
%
|
$10,118,153
|
|
*
|
Non-income producing.
|
|
(1)
|
The rate shown represents current yield to maturity.
|
|
Futures Contracts Outstanding at October 31, 2024
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Brent Crude Oil Future
|
10
|
11/29/2024
|
$728,100
|
$(8,260
)
|
|
Coffee 'C' Future
|
4
|
12/18/2024
|
368,850
|
(6,456
)
|
|
Copper Future
|
3
|
12/27/2024
|
325,500
|
3,390
|
|
Copper Future
|
1
|
03/27/2025
|
109,688
|
8,734
|
|
Corn Future
|
16
|
12/13/2024
|
328,600
|
(4,801
)
|
|
Cotton No. 2 Future
|
4
|
12/06/2024
|
139,140
|
(3,394
)
|
|
Gas Oil Future
|
4
|
01/10/2025
|
266,800
|
1,091
|
|
Gasoline RBOB Future
|
2
|
12/31/2024
|
164,111
|
(2,828
)
|
|
Gold 100oz Future
|
3
|
12/27/2024
|
824,790
|
93,316
|
|
KC Hard Red Winter Wheat Future
|
5
|
12/13/2024
|
142,312
|
858
|
|
Lean Hogs Future
|
7
|
12/13/2024
|
234,640
|
34,594
|
|
Live Cattle Future
|
3
|
12/31/2024
|
223,560
|
10,499
|
|
LME Lead Future
|
2
|
11/18/2024
|
99,507
|
(1,033
)
|
|
LME Lead Future
|
2
|
01/13/2025
|
100,778
|
(3,676
)
|
|
LME Nickel Future
|
2
|
11/18/2024
|
186,092
|
(9,294
)
|
|
LME Nickel Future
|
1
|
01/13/2025
|
94,023
|
(11,314
)
|
|
LME Primary Aluminum Future
|
7
|
11/18/2024
|
455,206
|
52,100
|
|
LME Primary Aluminum Future
|
15
|
12/16/2024
|
977,734
|
(33,659
)
|
|
LME Primary Aluminum Future
|
6
|
01/13/2025
|
392,031
|
2,403
|
|
LME Zinc Future
|
7
|
11/18/2024
|
530,990
|
29,098
|
|
LME Zinc Future
|
5
|
01/13/2025
|
378,801
|
(9,723
)
|
|
Micro Copper Future
|
14
|
11/26/2024
|
151,900
|
(6,638
)
|
|
Micro Copper Future
|
3
|
02/26/2025
|
32,906
|
2,154
|
|
|
30
|
|
|
Futures Contracts Outstanding at October 31, 2024 – (continued)
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts – (continued):
|
||||
|
Micro Gold Future
|
33
|
12/27/2024
|
$907,269
|
$63,303
|
|
Micro Silver Future
|
8
|
12/27/2024
|
262,368
|
(9,843
)
|
|
Micro WTI Crude Oil Future
|
81
|
11/19/2024
|
561,006
|
(3,363
)
|
|
Micro WTI Crude Oil Future
|
15
|
12/18/2024
|
103,215
|
(672
)
|
|
Natural Gas Future
|
19
|
12/27/2024
|
563,920
|
(74,349
)
|
|
NY Harbor ULSD Future
|
2
|
12/31/2024
|
188,303
|
3,665
|
|
Silver Future
|
3
|
12/27/2024
|
491,940
|
52,372
|
|
Soybean Future
|
2
|
01/14/2025
|
99,450
|
(455
)
|
|
Soybean Meal Future
|
3
|
01/14/2025
|
90,390
|
(4,220
)
|
|
Soybean Oil Future
|
10
|
01/14/2025
|
270,420
|
8,714
|
|
Wheat Future
|
8
|
12/13/2024
|
228,200
|
(1,599
)
|
|
World Sugar No. 11 Future
|
11
|
02/28/2025
|
280,157
|
31,354
|
|
WTI Crude Oil Future
|
4
|
11/20/2024
|
277,040
|
(2,252
)
|
|
Total
|
|
|
|
$199,816
|
|
Short position contracts:
|
||||
|
LME Lead Future
|
(2)
|
11/18/2024
|
$(99,507
)
|
$3,389
|
|
LME Nickel Future
|
(2)
|
11/18/2024
|
(186,092
)
|
13,417
|
|
LME Primary Aluminum Future
|
(7)
|
11/18/2024
|
(455,206
)
|
(3,850
)
|
|
LME Primary Aluminum Future
|
(15)
|
12/16/2024
|
(977,734
)
|
(44,789
)
|
|
LME Zinc Future
|
(7)
|
11/18/2024
|
(530,990
)
|
13,177
|
|
Total
|
|
|
|
$(18,656
)
|
|
Total futures contracts
|
$181,160
|
|||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
Materials
|
$90,574
|
$90,574
|
$—
|
$—
|
|
Short-Term Investments
|
8,591,562
|
—
|
8,591,562
|
—
|
|
Futures Contracts(2)
|
427,628
|
427,628
|
—
|
—
|
|
Total
|
$9,109,764
|
$518,202
|
$8,591,562
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(246,468
)
|
$(246,468
)
|
$—
|
$—
|
|
Total
|
$(246,468
)
|
$(246,468
)
|
$—
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
31
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 1.0%
|
|||
|
|
Aerospace/Defense - 0.3%
|
||
|
$ 1,301,000
|
Boeing Co. 6.53%, 05/01/2034(1)
|
$1,371,706
|
|
|
|
Commercial Banks - 0.3%
|
||
|
1,143,000
|
AIB Group PLC 5.87%, 03/28/2035, (5.87%
fixed rate until 03/28/2034; 6 mo. USD SOFR
+ 1.91% thereafter)(1)(2)
|
1,168,303
|
|
|
|
Diversified Financial Services - 0.4%
|
||
|
717,000
|
Aircastle Ltd. 5.95%, 02/15/2029(1)
|
732,977
|
|
|
619,000
|
Aircastle Ltd./Aircastle Ireland DAC 5.75%,
10/01/2031(1)
|
628,478
|
|
|
185,000
|
MMH Master LLC 6.38%, 02/01/2034(1)
|
191,343
|
|
|
|
|
|
1,552,798
|
|
|
Semiconductors - 0.0%
|
||
|
273,000
|
Qorvo, Inc. 1.75%, 12/15/2024
|
271,648
|
|
|
|
Total Corporate Bonds
(cost $4,224,760)
|
$4,364,455
|
|
|
MUNICIPAL BONDS - 85.5%
|
|||
|
|
Alabama - 1.6%
|
||
|
|
Black Belt Energy Gas Dist, AL, Rev
|
|
|
|
920,000
|
4.00%, 10/01/2049(3)
|
$925,386
|
|
|
2,680,000
|
4.00%, 06/01/2051(3)
|
2,712,273
|
|
|
685,000
|
5.25%, 12/01/2053(3)
|
740,107
|
|
|
680,000
|
County of Jefferson Sewer, AL, Rev 5.50%,
10/01/2053
|
736,109
|
|
|
635,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.25%, 07/01/2054(3)
|
683,394
|
|
|
715,000
|
Town of Pike Road, AL, GO 5.00%, 03/01/2052
|
756,642
|
|
|
|
|
|
6,553,911
|
|
|
Arizona - 0.2%
|
||
|
1,010,000
|
Arizona Industrial Dev Auth, AZ, Rev 5.00%,
02/01/2058(3)
|
1,040,377
|
|
|
|
Arkansas - 1.1%
|
||
|
|
Arkansas Dev Finance Auth, AR, Rev,
|
|
|
|
3,320,000
|
(FHLMC), (FNMA), (GNMA) 5.00%,
07/01/2054
|
3,466,586
|
|
|
980,000
|
(FHLMC), (FNMA), (GNMA) 5.00%,
01/01/2055
|
1,027,897
|
|
|
|
|
|
4,494,483
|
|
|
California - 3.4%
|
||
|
205,000
|
Alameda Corridor Transportation Auth, CA, Rev,
(AGM) 5.00%, 10/01/2052
|
219,851
|
|
|
210,000
|
California Community Choice Financing Auth,
CA, Rev 5.00%, 02/01/2054(3)
|
225,250
|
|
|
2,330,000
|
California Infrastructure & Economic Dev Bank,
CA, Rev 5.25%, 07/01/2054
|
2,463,320
|
|
|
240,000
|
Central Unified School Dist, CA, GO 4.00%,
08/01/2050
|
240,023
|
|
|
565,000
|
Fresno Unified School Dist, CA, GO 4.00%,
08/01/2052
|
558,068
|
|
|
1,415,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 3.00%, 06/01/2046
|
1,308,162
|
|
|
2,310,000
|
Moreno Valley Unified School Dist, CA, GO,
(AGM) 4.13%, 08/01/2050
|
2,329,270
|
|
|
765,000
|
Oxnard School Dist, CA, GO, (BAM) 4.25%,
08/01/2053
|
770,854
|
|
|
450,000
|
Pittsburg Unified School Dist, CA, GO, (AGM)
4.25%, 08/01/2049
|
455,589
|
|
|
1,205,000
|
Regents of the University of California Medical
Center Pooled, CA, Rev 4.00%, 05/15/2053
|
1,190,910
|
|
|
120,000
|
San Diego County Regional Airport Auth, CA,
Rev 5.00%, 07/01/2053
|
129,773
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
California - 3.4% - (continued)
|
||
|
$ 60,000
|
San Diego Unified School Dist, CA, GO 4.55%,
07/01/2052
|
$61,942
|
|
|
935,000
|
San Francisco Bay Area Rapid Transit Dist, CA,
GO 4.25%, 08/01/2052
|
949,306
|
|
|
1,215,000
|
San Mateo Foster City School Dist, CA, GO
4.00%, 08/01/2051
|
1,210,032
|
|
|
970,000
|
Sweetwater Union High School Dist, CA, GO
5.00%, 08/01/2052
|
1,049,785
|
|
|
865,000
|
Victor Valley Community College Dist, CA, GO
4.00%, 08/01/2050
|
846,157
|
|
|
|
Washington Township Health Care Dist, CA,
GO,
|
|
|
|
70,000
|
(AGM) 4.50%, 08/01/2053
|
71,616
|
|
|
125,000
|
5.50%, 08/01/2053
|
139,415
|
|
|
|
|
|
14,219,323
|
|
|
Colorado - 0.9%
|
||
|
715,000
|
Adams County Housing Auth, CO, Rev 4.50%,
05/01/2042(3)
|
715,539
|
|
|
575,000
|
City & County of Denver Airport System, CO,
Rev 5.25%, 11/15/2053
|
624,252
|
|
|
535,000
|
City of Colorado Springs Utilities System, CO,
Rev 4.00%, 11/15/2051
|
513,782
|
|
|
1,225,000
|
Colorado Educational & Cultural Facs Auth, CO,
Rev, (BAM) 4.25%, 07/01/2054
|
1,156,377
|
|
|
|
Colorado Housing & Finance Auth, CO, Rev
|
|
|
|
485,000
|
3.50%, 11/01/2043(3)
|
486,248
|
|
|
345,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
05/01/2050
|
342,806
|
|
|
|
|
|
3,839,004
|
|
|
Connecticut - 0.0%
|
||
|
100,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/15/2042
|
100,463
|
|
|
|
District of Columbia - 1.8%
|
||
|
|
Dist of Columbia Housing Finance Agency, DC,
Rev
|
|
|
|
2,735,000
|
3.55%, 08/01/2042(3)
|
2,730,089
|
|
|
695,000
|
3.65%, 07/01/2028(3)
|
699,426
|
|
|
890,000
|
5.00%, 12/01/2028(3)
|
931,054
|
|
|
700,000
|
Dist of Columbia Income Tax, DC, Rev 5.25%,
05/01/2048
|
765,878
|
|
|
2,090,000
|
Dist of Columbia Water & Sewer Auth, DC, Rev
4.00%, 10/01/2047
|
2,052,275
|
|
|
340,000
|
Metropolitan Washington Airports Auth, Dulles
Toll Road, DC, Rev 5.00%, 10/01/2034
|
357,474
|
|
|
|
|
|
7,536,196
|
|
|
Florida - 1.8%
|
||
|
50,000
|
Broward County Housing Finance Auth, FL, Rev,
(HUD) 3.40%, 03/01/2057(3)
|
49,967
|
|
|
280,000
|
City of Cape Coral Water & Sewer, FL, Rev,
(BAM) 5.25%, 10/01/2053
|
308,426
|
|
|
2,745,000
|
County of Broward Convention Center Hotel,
FL, Rev 4.00%, 01/01/2051
|
2,671,263
|
|
|
800,000
|
Escambia County Housing Finance Auth, FL,
Rev 3.80%, 06/01/2027(3)
|
805,174
|
|
|
410,000
|
Florida Dev Finance Corp., FL, Rev 5.25%,
08/01/2055
|
427,986
|
|
|
|
Florida Housing Finance Corp., FL, Rev,
|
|
|
|
50,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2051
|
49,156
|
|
|
700,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2052
|
685,702
|
|
|
280,000
|
(GNMA) 3.35%, 10/01/2027(3)
|
278,564
|
|
|
|
32
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Florida - 1.8% - (continued)
|
||
|
$ 320,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
07/01/2051
|
$317,926
|
|
|
1,320,000
|
3.80%, 06/01/2042(3)
|
1,329,267
|
|
|
125,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2049
|
125,004
|
|
|
290,000
|
St. Johns County Housing Finance Auth, FL,
Rev 3.55%, 07/01/2027(3)
|
289,961
|
|
|
|
|
|
7,338,396
|
|
|
Georgia - 3.3%
|
||
|
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
|
1,565,000
|
4.00%, 03/01/2050(3)
|
1,577,438
|
|
|
485,000
|
4.00%, 05/01/2052(3)
|
491,151
|
|
|
1,525,000
|
5.00%, 12/01/2053(3)
|
1,620,921
|
|
|
615,000
|
5.00%, 05/01/2054(3)
|
655,756
|
|
|
3,835,000
|
Municipal Electric Auth of Georgia, GA, Rev,
(BAM) 5.25%, 01/01/2054
|
4,144,643
|
|
|
4,960,000
|
Valdosta & Lowndes County Hospital Auth, GA,
Rev 5.00%, 10/01/2054
|
5,297,710
|
|
|
|
|
|
13,787,619
|
|
|
Hawaii - 0.4%
|
||
|
|
City & County Honolulu Wastewater System, HI,
Rev
|
|
|
|
95,000
|
5.25%, 07/01/2053
|
103,733
|
|
|
1,500,000
|
5.25%, 07/01/2054
|
1,648,633
|
|
|
|
|
|
1,752,366
|
|
|
Illinois - 2.4%
|
||
|
1,940,000
|
Chicago O'Hare International Airport, IL, Rev
5.50%, 01/01/2059
|
2,126,703
|
|
|
1,240,000
|
City of Chicago, IL, Rev 3.50%, 08/01/2027(3)
|
1,241,748
|
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
|
375,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
10/01/2051
|
366,631
|
|
|
645,000
|
(FHLMC), (FNMA), (GNMA) 3.75%,
04/01/2050
|
644,433
|
|
|
625,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
10/01/2049
|
627,053
|
|
|
55,000
|
(FHLMC), (FNMA), (GNMA) 4.50%,
10/01/2048
|
55,644
|
|
|
2,000,000
|
(FHA), (HUD) 5.00%, 02/01/2027(3)
|
2,037,784
|
|
|
1,455,000
|
(HUD) 5.00%, 02/01/2027(3)
|
1,481,593
|
|
|
1,255,000
|
Metropolitan Pier & Exposition Auth, IL, Rev
5.00%, 06/15/2053
|
1,320,226
|
|
|
|
|
|
9,901,815
|
|
|
Indiana - 0.4%
|
||
|
|
Indiana Housing & Community Dev Auth, IN,
Rev,
|
|
|
|
755,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2050
|
740,779
|
|
|
55,000
|
(GNMA) 4.00%, 07/01/2048
|
55,048
|
|
|
705,000
|
Indianapolis Local Public Improvement Bond
Bank, IN, Rev 5.00%, 01/01/2053
|
738,062
|
|
|
|
|
|
1,533,889
|
|
|
Iowa - 1.5%
|
||
|
|
Iowa Finance Auth, IA, Rev,
|
|
|
|
840,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2047
|
823,280
|
|
|
1,565,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
07/01/2051
|
1,523,195
|
|
|
2,590,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2052
|
2,524,828
|
|
|
215,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
07/01/2050
|
212,359
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Iowa - 1.5% - (continued)
|
||
|
$ 30,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2048
|
$30,021
|
|
|
985,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2052
|
989,194
|
|
|
|
|
|
6,102,877
|
|
|
Kentucky - 1.2%
|
||
|
|
Kentucky Public Energy Auth, KY, Rev
|
|
|
|
2,510,000
|
5.00%, 01/01/2055(3)
|
2,690,460
|
|
|
2,005,000
|
5.25%, 04/01/2054(3)
|
2,177,335
|
|
|
|
|
|
4,867,795
|
|
|
Louisiana - 0.9%
|
||
|
|
Louisiana Housing Corp., LA, Rev,
|
|
|
|
480,000
|
(FHA) 3.75%, 08/01/2027(3)
|
483,348
|
|
|
595,000
|
3.75%, 02/01/2028(3)
|
600,017
|
|
|
5,000
|
4.50%, 12/01/2047
|
5,041
|
|
|
1,385,000
|
Louisiana Local Government Environmental
Facs & Community Dev Auth, LA, Rev 2.50%,
04/01/2036
|
1,138,861
|
|
|
1,255,000
|
Louisiana Stadium & Exposition Dist, LA, Rev
5.25%, 07/01/2053
|
1,341,694
|
|
|
|
|
|
3,568,961
|
|
|
Maryland - 0.1%
|
||
|
625,000
|
Maryland State Transportation Auth, MD, Rev
4.00%, 07/01/2050
|
598,917
|
|
|
|
Massachusetts - 2.3%
|
||
|
|
Commonwealth of Massachusetts, MA, GO
|
|
|
|
120,000
|
3.00%, 02/01/2048
|
95,095
|
|
|
7,720,000
|
5.00%, 05/01/2053
|
8,241,476
|
|
|
1,180,000
|
Massachusetts Bay Transportation Auth Sales
Tax, MA, Rev 4.00%, 07/01/2053
|
1,125,181
|
|
|
|
|
|
9,461,752
|
|
|
Michigan - 2.1%
|
||
|
700,000
|
Cedar Springs Public School Dist, MI, GO,
(Q-SBLF) 4.50%, 05/01/2049
|
709,186
|
|
|
770,000
|
Ferndale Public Schools, MI, GO, (Q-SBLF)
5.00%, 05/01/2053
|
811,764
|
|
|
1,500,000
|
Fraser Public School Dist, MI, GO, (Q-SBLF)
5.00%, 05/01/2048
|
1,574,579
|
|
|
210,000
|
Great Lakes Water Auth, Sewage Disposal
System, MI, Rev 5.25%, 07/01/2053
|
228,898
|
|
|
210,000
|
Great Lakes Water Auth, Water Supply System,
MI, Rev 5.25%, 07/01/2053
|
228,898
|
|
|
|
Grosse Ile Township School Dist, MI, GO,
|
|
|
|
540,000
|
(Q-SBLF) 5.00%, 05/01/2049
|
568,161
|
|
|
625,000
|
(Q-SBLF) 5.00%, 05/01/2052
|
655,203
|
|
|
|
Michigan State Housing Dev Auth, MI, Rev
|
|
|
|
50,000
|
3.75%, 06/01/2050
|
49,951
|
|
|
365,000
|
3.80%, 07/01/2041(3)
|
366,955
|
|
|
1,540,000
|
Troy School Dist, MI, GO, (Q-SBLF) 5.00%,
05/01/2052
|
1,632,411
|
|
|
1,750,000
|
Wayne County Airport Auth, MI, Rev, (AGM)
5.25%, 12/01/2048
|
1,910,214
|
|
|
|
|
|
8,736,220
|
|
|
Minnesota - 0.9%
|
||
|
435,000
|
Minneapolis-St Paul Metropolitan Airports
Commission, MN, Rev 4.25%, 01/01/2052
|
429,121
|
|
|
3,100,000
|
Minnesota Housing Finance Agency, MN, Rev,
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2051
|
3,046,165
|
|
|
165,000
|
Washington County Community Dev Agency,
MN, Rev 3.68%, 09/01/2026(3)
|
165,069
|
|
|
|
|
|
3,640,355
|
|
|
33
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Mississippi - 0.3%
|
||
|
|
Mississippi Home Corp., MS, Rev,
|
|
|
|
$ 900,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
12/01/2050
|
$883,781
|
|
|
170,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
12/01/2050
|
168,020
|
|
|
|
|
|
1,051,801
|
|
|
Missouri - 0.6%
|
||
|
875,000
|
Kansas City Planned Industrial Expansion Auth,
MO, Rev 5.00%, 07/01/2045(3)
|
905,465
|
|
|
|
Missouri Housing Dev Commission, MO, Rev,
|
|
|
|
445,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
05/01/2052
|
436,321
|
|
|
335,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
05/01/2051
|
330,725
|
|
|
140,000
|
(FHLMC), (FNMA), (GNMA) 3.50%,
11/01/2050
|
139,074
|
|
|
190,000
|
(FHLMC), (FNMA), (GNMA) 3.88%,
05/01/2050
|
190,344
|
|
|
80,000
|
(FHLMC), (FNMA), (GNMA) 4.25%,
05/01/2049
|
80,475
|
|
|
60,000
|
(FHLMC), (FNMA), (GNMA) 4.75%,
05/01/2049
|
60,775
|
|
|
385,000
|
St. Charles County Francis Howell R-III School
Dist, MO, GO 2.00%, 03/01/2037
|
297,380
|
|
|
|
|
|
2,440,559
|
|
|
Nebraska - 0.1%
|
||
|
|
Nebraska Investment Finance Auth, NE, Rev,
|
|
|
|
400,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
09/01/2050
|
392,279
|
|
|
50,000
|
4.00%, 09/01/2048
|
50,044
|
|
|
|
|
|
442,323
|
|
|
Nevada - 0.3%
|
||
|
70,000
|
Nevada Housing Division, NV, Rev, (FHLMC),
(FNMA), (GNMA) 4.00%, 10/01/2049
|
70,289
|
|
|
950,000
|
Reno-Tahoe Airport Auth, NV, Rev 5.25%,
07/01/2054
|
1,026,008
|
|
|
|
|
|
1,096,297
|
|
|
New Jersey - 0.1%
|
||
|
430,000
|
New Jersey Housing & Mortgage Finance
Agency, NJ, Rev, (HUD) 3.67%, 02/01/2026
|
429,468
|
|
|
25,000
|
New Jersey Transportation Trust Fund Auth, NJ,
Rev 4.00%, 06/15/2035
|
25,378
|
|
|
|
|
|
454,846
|
|
|
New Mexico - 1.0%
|
||
|
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
|
655,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2051
|
642,198
|
|
|
1,625,000
|
(FHLMC), (FNMA), (GNMA) 3.00%,
01/01/2052
|
1,590,815
|
|
|
100,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2049
|
100,159
|
|
|
125,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2050
|
125,443
|
|
|
1,810,000
|
(FHLMC), (FNMA), (GNMA) 4.25%,
03/01/2053
|
1,834,398
|
|
|
|
|
|
4,293,013
|
|
|
New York - 7.4%
|
||
|
1,130,000
|
City of New York, NY, GO 4.00%, 04/01/2050
|
1,091,936
|
|
|
3,000,000
|
Monroe County Industrial Dev Corp., NY, Rev,
(HUD) 5.00%, 07/01/2028(3)
|
3,127,547
|
|
|
|
New York City Municipal Water Finance Auth,
NY, Rev
|
|
|
|
1,500,000
|
4.00%, 06/15/2054
|
1,445,365
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
New York - 7.4% - (continued)
|
||
|
$ 1,240,000
|
5.25%, 06/15/2053
|
$1,354,382
|
|
|
1,750,000
|
5.25%, 06/15/2054
|
1,917,436
|
|
|
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev
|
|
|
|
445,000
|
4.00%, 08/01/2048
|
433,821
|
|
|
1,890,000
|
4.00%, 02/01/2051
|
1,833,592
|
|
|
225,000
|
New York City Transitional Finance Auth, NY,
Rev 4.38%, 05/01/2053
|
226,976
|
|
|
|
New York Power Auth, NY, Rev
|
|
|
|
2,000,000
|
4.00%, 11/15/2054
|
1,925,632
|
|
|
5,000,000
|
(AGM) 5.00%, 11/15/2053
|
5,366,850
|
|
|
|
New York State Dormitory Auth, NY, Rev
|
|
|
|
950,000
|
3.00%, 03/15/2038
|
860,931
|
|
|
5,000,000
|
4.00%, 05/01/2054
|
4,669,078
|
|
|
2,630,000
|
New York State Housing Finance Agency, NY,
Rev, (FHLMC) 3.57%, 05/01/2042(3)
|
2,597,719
|
|
|
230,000
|
Rockland County Industrial Dev Agency, NY,
Rev, (FHA), (HUD) 4.65%, 05/01/2027(3)
|
230,120
|
|
|
|
Triborough Bridge & Tunnel Auth Sales Tax, NY,
Rev
|
|
|
|
1,560,000
|
5.00%, 05/15/2053
|
1,661,324
|
|
|
1,365,000
|
5.25%, 05/15/2064
|
1,484,567
|
|
|
605,000
|
Triborough Bridge & Tunnel Auth, NY, Rev
4.50%, 05/15/2052
|
619,820
|
|
|
|
|
|
30,847,096
|
|
|
North Carolina - 0.9%
|
||
|
240,000
|
Asheville Housing Auth, NC, Rev, (HUD) 5.00%,
11/01/2026(3)
|
243,529
|
|
|
3,145,000
|
City of Charlotte Storm Water, NC, Rev 4.00%,
12/01/2054
|
3,095,037
|
|
|
530,000
|
North Carolina Housing Finance Agency, NC,
Rev, (FHLMC), (FNMA), (GNMA) 4.00%,
07/01/2050
|
532,223
|
|
|
|
|
|
3,870,789
|
|
|
Ohio - 2.4%
|
||
|
1,680,000
|
Cuyahoga Metropolitan Housing Auth, OH, Rev
3.45%, 02/01/2028(3)
|
1,684,783
|
|
|
3,015,000
|
Fairborn City School Dist, OH, GO 5.25%,
12/01/2053
|
3,221,730
|
|
|
|
Ohio Housing Finance Agency, OH, Rev
|
|
|
|
755,000
|
3.00%, 03/01/2052
|
740,198
|
|
|
865,000
|
(FHLMC), (FNMA), (GNMA) 3.25%,
03/01/2050
|
854,587
|
|
|
1,380,000
|
(HUD) 3.85%, 07/01/2025
|
1,380,615
|
|
|
20,000
|
(FHLMC), (FNMA), (GNMA) 4.50%,
09/01/2048
|
20,163
|
|
|
295,000
|
Ohio Turnpike & Infrastructure Commission, OH,
Rev 0.00%, 02/15/2041(4)
|
149,506
|
|
|
1,840,000
|
Pickerington Local School Dist, OH, GO 5.00%,
12/01/2053
|
1,946,913
|
|
|
|
|
|
9,998,495
|
|
|
Oklahoma - 0.0%
|
||
|
110,000
|
Oklahoma Housing Finance Agency, OK, Rev,
(FHLMC), (FNMA), (GNMA) 4.00%,
03/01/2050
|
110,560
|
|
|
|
Oregon - 1.3%
|
||
|
5,000,000
|
Astoria Hospital Facs Auth, OR, Rev 5.25%,
08/01/2054
|
5,238,145
|
|
|
|
Pennsylvania - 1.2%
|
||
|
600,000
|
Allegheny County Airport Auth, PA, Rev, (AGM)
5.25%, 01/01/2053
|
646,426
|
|
|
|
34
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Pennsylvania - 1.2% - (continued)
|
||
|
$ 145,000
|
Allegheny County Sanitary Auth, PA, Rev
5.00%, 06/01/2053
|
$155,125
|
|
|
3,700,000
|
Philadelphia Gas Works Co., PA, Rev, (AGC)
5.25%, 08/01/2054
|
3,983,603
|
|
|
|
|
|
4,785,154
|
|
|
Rhode Island - 0.4%
|
||
|
|
Rhode Island Health & Educational Building
Corp., RI, Rev,
|
|
|
|
875,000
|
(ST AID WITHHLDG) 4.13%, 05/15/2054
|
845,374
|
|
|
630,000
|
5.25%, 05/15/2054
|
665,771
|
|
|
|
|
|
1,511,145
|
|
|
South Carolina - 2.0%
|
||
|
2,500,000
|
Inman Campobello Water Dist, SC, Rev, (BAM)
5.00%, 06/01/2048
|
2,636,068
|
|
|
3,135,000
|
Patriots Energy Group Financing Agency, SC,
Rev 5.25%, 10/01/2054(3)
|
3,388,893
|
|
|
2,160,000
|
South Carolina Jobs-Economic Dev Auth, SC,
Rev 5.25%, 11/01/2054
|
2,343,257
|
|
|
45,000
|
Tobacco Settlement Management Auth, SC, Rev
6.38%, 05/15/2030
|
51,590
|
|
|
|
|
|
8,419,808
|
|
|
Tennessee - 3.3%
|
||
|
|
Chattanooga Health Educational & Housing
Facility Board, TN, Rev
|
|
|
|
355,000
|
3.80%, 12/01/2029(3)
|
358,773
|
|
|
960,000
|
5.25%, 12/01/2054
|
1,024,056
|
|
|
2,735,000
|
Cleveland Health & Educational Facs Board,
TN, Rev 5.25%, 08/15/2054
|
2,947,824
|
|
|
515,000
|
County of Putnam, TN, GO 2.00%, 04/01/2037
|
399,245
|
|
|
625,000
|
Health Educational & Housing Facility Board of
the City of Memphis, TN, Rev, (HUD) 3.55%,
12/01/2027(3)
|
628,604
|
|
|
75,000
|
Jackson Health Educational & Housing Facility
Board, TN, Rev, (HUD) 3.00%, 12/01/2026(3)
|
74,965
|
|
|
390,000
|
Johnson City Health & Educational Facs Board,
TN, Rev, (HUD) 3.60%, 12/01/2027(3)
|
392,249
|
|
|
|
Metropolitan Government Nashville & Davidson
County Health & Educational Facs Board,
TN, Rev,
|
|
|
|
1,415,000
|
(HUD) 3.50%, 02/01/2048(3)
|
1,408,720
|
|
|
2,010,000
|
3.85%, 02/01/2045(3)
|
2,007,305
|
|
|
1,805,000
|
(FNMA) 4.60%, 12/01/2044(5)
|
1,808,158
|
|
|
15,000
|
(NPFG) 4.88%, 11/01/2028
|
15,551
|
|
|
|
Metropolitan Nashville Airport Auth, TN, Rev
|
|
|
|
350,000
|
5.00%, 07/01/2049
|
365,366
|
|
|
305,000
|
5.00%, 07/01/2052
|
320,533
|
|
|
1,795,000
|
Tennergy Corp., TN, Rev 4.00%, 12/01/2051(3)
|
1,809,915
|
|
|
45,000
|
Tennessee Housing Dev Agency, TN, Rev
4.50%, 07/01/2049
|
45,424
|
|
|
|
|
|
13,606,688
|
|
|
Texas - 32.8%
|
||
|
910,000
|
Aldine Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
872,445
|
|
|
610,000
|
Alvarado Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
587,640
|
|
|
|
Arlington Higher Education Finance Corp., TX,
Rev,
|
|
|
|
2,000,000
|
(PSF-GTD) 4.13%, 08/15/2054
|
1,902,595
|
|
|
700,000
|
(PSF-GTD) 4.25%, 12/01/2048
|
700,205
|
|
|
200,000
|
(PSF-GTD) 4.25%, 12/01/2053
|
199,221
|
|
|
680,000
|
(PSF-GTD) 5.00%, 08/15/2033
|
724,271
|
|
|
200,000
|
(PSF-GTD) 5.00%, 08/15/2048
|
212,192
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Texas - 32.8% - (continued)
|
||
|
$ 1,840,000
|
Azle Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
$1,770,035
|
|
|
|
Bexar County Hospital Dist, TX, GO
|
|
|
|
635,000
|
4.25%, 02/15/2052
|
624,965
|
|
|
1,405,000
|
4.25%, 02/15/2053
|
1,382,765
|
|
|
280,000
|
Bexar County Housing Finance Corp., TX, Rev
4.05%, 03/01/2028(3)
|
281,400
|
|
|
1,235,000
|
Bullard Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
1,183,935
|
|
|
6,000,000
|
Capital Area Housing Finance Corp., TX, Rev
3.48%, 08/01/2039(3)
|
5,989,697
|
|
|
1,235,000
|
Carrizo Springs Consolidated Independent
School Dist, TX, GO, (PSF-GTD) 5.00%,
08/15/2049
|
1,319,042
|
|
|
4,825,000
|
Chapel Hill Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2048
|
5,155,762
|
|
|
|
City of Dallas Housing Finance Corp., TX, Rev,
|
|
|
|
330,000
|
(FHA) 5.00%, 08/01/2027(3)
|
339,367
|
|
|
180,000
|
5.00%, 10/01/2028(3)
|
188,883
|
|
|
390,000
|
City of Georgetown Utility System, TX, Rev,
(BAM) 5.25%, 08/15/2053
|
418,200
|
|
|
790,000
|
Cleburne Independent School Dist, TX, GO,
(PSF-GTD) 3.00%, 02/15/2046
|
631,046
|
|
|
|
Clifton Higher Education Finance Corp., TX,
Rev,
|
|
|
|
545,000
|
(PSF-GTD) 4.25%, 04/01/2053
|
539,947
|
|
|
765,000
|
(PSF-GTD) 4.25%, 08/15/2053
|
762,444
|
|
|
765,000
|
College of the Mainland, TX, GO 4.00%,
08/15/2049
|
727,189
|
|
|
1,190,000
|
Columbia-Brazoria Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 02/01/2053
|
1,142,178
|
|
|
|
Community Independent School Dist, TX, GO,
|
|
|
|
330,000
|
(PSF-GTD) 5.00%, 02/15/2048
|
353,289
|
|
|
905,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
958,524
|
|
|
5,000,000
|
County of Harris Toll Road, TX, Rev 5.25%,
08/15/2054
|
5,433,733
|
|
|
505,000
|
County of Harris, TX, GO 5.00%, 10/01/2038
|
521,793
|
|
|
4,635,000
|
Crowley Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2054
|
4,599,086
|
|
|
825,000
|
Dallas Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
803,716
|
|
|
2,165,000
|
Denison Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/01/2053
|
2,075,688
|
|
|
3,065,000
|
Dickinson Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/15/2053
|
3,052,019
|
|
|
375,000
|
Donna Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/15/2053
|
366,364
|
|
|
2,405,000
|
Forney Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2053
|
2,332,814
|
|
|
380,000
|
Fort Worth Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2048
|
371,090
|
|
|
|
Georgetown Independent School Dist, TX, GO,
|
|
|
|
690,000
|
(PSF-GTD) 2.50%, 08/15/2037
|
563,757
|
|
|
970,000
|
(PSF-GTD) 5.00%, 02/15/2054
|
1,036,790
|
|
|
700,000
|
Houston Housing Finance Corp., TX, Rev
3.65%, 02/01/2048(3)
|
705,563
|
|
|
1,535,000
|
Humble Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
1,476,633
|
|
|
1,280,000
|
Hurst-Euless-Bedford Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 08/15/2050
|
1,250,564
|
|
|
6,605,000
|
Judson Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/01/2053
|
7,052,228
|
|
|
1,085,000
|
Katy Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
1,051,736
|
|
|
930,000
|
Kaufman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2054
|
986,654
|
|
|
|
35
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Texas - 32.8% - (continued)
|
||
|
$ 1,390,000
|
Lakeside Place PFC, TX, Rev, (FHA) 4.15%,
11/01/2026(3)
|
$1,393,130
|
|
|
|
Lamar Consolidated Independent School Dist,
TX, GO,
|
|
|
|
365,000
|
(PSF-GTD) 3.00%, 02/15/2051
|
283,322
|
|
|
1,090,000
|
(PSF-GTD) 4.00%, 02/15/2048
|
1,029,737
|
|
|
5,605,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
5,960,753
|
|
|
1,030,000
|
Liberty Hill Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/01/2053
|
1,008,017
|
|
|
590,000
|
Lockhart Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 08/01/2053
|
576,875
|
|
|
4,720,000
|
McGregor Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2054
|
5,026,227
|
|
|
2,165,000
|
Medina Valley Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 02/15/2053
|
2,081,253
|
|
|
1,315,000
|
Mesquite Housing Finance Corp., TX, Rev
3.35%, 08/01/2029(3)
|
1,317,574
|
|
|
1,850,000
|
Midland Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
1,784,763
|
|
|
|
Montgomery Independent School Dist, TX, GO,
|
|
|
|
115,000
|
(PSF-GTD) 4.00%, 02/15/2053
|
110,368
|
|
|
745,000
|
(PSF-GTD) 4.25%, 02/15/2052
|
746,292
|
|
|
580,000
|
Navarro Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
551,397
|
|
|
|
New Caney Independent School Dist, TX, GO,
|
|
|
|
4,210,000
|
(PSF-GTD) 4.00%, 02/15/2054
|
4,009,124
|
|
|
4,515,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
4,828,665
|
|
|
20,000
|
Newark Higher Education Finance Corp., TX,
Rev, (PSF-GTD) 5.00%, 08/15/2052
|
20,999
|
|
|
990,000
|
Northside Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 08/15/2053
|
972,748
|
|
|
465,000
|
Northwest Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2048
|
494,703
|
|
|
1,250,000
|
Pewitt Consolidated Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 02/15/2053
|
1,195,684
|
|
|
3,210,000
|
Prosper Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
3,116,774
|
|
|
435,000
|
Rockwall Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
418,173
|
|
|
1,105,000
|
Royal Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/15/2053
|
1,110,061
|
|
|
185,000
|
Sabine-Neches Navigation Dist, TX, GO 5.25%,
02/15/2052
|
195,845
|
|
|
|
San Antonio Housing Trust Public Facility Corp.,
TX, Rev
|
|
|
|
835,000
|
3.45%, 07/01/2029(3)
|
837,954
|
|
|
85,000
|
5.00%, 09/01/2028(3)
|
88,949
|
|
|
130,000
|
(FNMA) 5.00%, 10/01/2028(3)
|
136,009
|
|
|
1,810,000
|
Sherman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2053
|
1,914,444
|
|
|
1,930,000
|
Southwest Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/01/2053
|
1,852,440
|
|
|
1,515,000
|
Strategic Housing Finance Corp. of Travis
County, TX, Rev 3.35%, 03/01/2046(3)
|
1,514,140
|
|
|
805,000
|
Temple Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2047
|
807,149
|
|
|
|
Texas Department of Housing & Community
Affairs, TX, Rev,
|
|
|
|
570,000
|
(GNMA) 3.00%, 01/01/2052
|
557,559
|
|
|
10,000
|
(GNMA) 3.00%, 03/01/2052
|
9,755
|
|
|
1,565,000
|
(HUD) 3.25%, 08/01/2028(3)
|
1,561,468
|
|
|
255,000
|
(GNMA) 3.50%, 03/01/2051
|
252,624
|
|
|
80,000
|
(GNMA) 4.00%, 03/01/2050
|
80,553
|
|
|
50,000
|
(GNMA) 4.75%, 03/01/2049
|
50,417
|
|
|
330,000
|
Texas Municipal Gas Acquisition & Supply Corp.
III, TX, Rev 5.00%, 12/15/2028
|
345,288
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 85.5% - (continued)
|
|||
|
|
Texas - 32.8% - (continued)
|
||
|
$ 5,900,000
|
Texas Municipal Gas Acquisition & Supply Corp.
IV, TX, Rev 5.50%, 01/01/2054(3)
|
$6,353,798
|
|
|
400,000
|
Texas State Affordable Housing Corp., TX, Rev
3.63%, 01/01/2045(3)
|
402,006
|
|
|
5,000,000
|
Texas State University System, TX, Rev 5.25%,
03/15/2054
|
5,403,435
|
|
|
|
Texas Water Dev Board, TX, Rev
|
|
|
|
285,000
|
4.80%, 10/15/2052
|
297,768
|
|
|
5,000,000
|
5.00%, 10/15/2053
|
5,389,035
|
|
|
1,135,000
|
5.25%, 10/15/2051
|
1,240,367
|
|
|
6,000,000
|
Waxahachie Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
5,758,345
|
|
|
440,000
|
White Settlement Independent School Dist, TX,
GO, (PSF-GTD) 4.13%, 08/15/2052
|
428,162
|
|
|
|
|
|
136,161,614
|
|
|
Utah - 4.5%
|
||
|
11,405,000
|
County of Iron Sales Tax, UT, Rev 5.00%,
10/01/2059
|
12,088,040
|
|
|
5,920,000
|
Timpanogos Special Service Dist, UT, Rev
5.00%, 06/01/2054
|
6,329,450
|
|
|
370,000
|
Utah Housing Corp., UT, Rev 3.70%,
08/01/2043(3)
|
372,787
|
|
|
|
|
|
18,790,277
|
|
|
Virginia - 0.5%
|
||
|
365,000
|
Hampton Roads Transportation Accountability
Commission, VA, Rev 4.00%, 07/01/2052
|
355,260
|
|
|
660,000
|
Harrisonburg Redev & Housing Auth, VA, Rev
3.57%, 10/01/2045(3)
|
663,896
|
|
|
1,150,000
|
Loudoun County Economic Dev Auth, VA, Rev
4.00%, 10/01/2052
|
1,155,318
|
|
|
|
|
|
2,174,474
|
|
|
Washington - 0.1%
|
||
|
455,000
|
King County Public Hospital Dist No. 2, WA, GO
5.25%, 12/01/2045
|
492,026
|
|
|
115,000
|
Washington State Housing Finance
Commission, WA, Rev 4.00%, 12/01/2048
|
115,159
|
|
|
|
|
|
607,185
|
|
|
Wyoming - 0.0%
|
||
|
50,000
|
Wyoming Community Dev Auth, WY, Rev 4.00%,
06/01/2043
|
50,046
|
|
|
|
Total Municipal Bonds
(cost $354,633,854)
|
|
$355,025,034
|
|
U.S. GOVERNMENT AGENCIES - 1.9%
|
|||
|
|
Mortgage-Backed Agencies - 1.9%
|
||
|
|
Federal Home Loan Mortgage Corp. - 1.1%
|
||
|
3,406,771
|
4.16%, 05/25/2041(3)
|
$3,360,598
|
|
|
1,221,792
|
4.56%, 04/25/2042(1)(3)
|
1,279,010
|
|
|
|
|
|
4,639,608
|
|
|
Federal National Mortgage Association - 0.8%
|
||
|
3,051,390
|
6.00%, 09/01/2054
|
3,071,271
|
|
|
|
Total U.S. Government Agencies
(cost $7,932,034)
|
|
$7,710,879
|
|
U.S. GOVERNMENT SECURITIES - 4.2%
|
|||
|
|
U.S. Treasury Securities - 4.2%
|
||
|
|
U.S. Treasury Bonds - 4.2%
|
||
|
3,869,900
|
4.13%, 08/15/2044
|
$3,634,078
|
|
|
|
36
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 4.2% - (continued)
|
|||
|
|
U.S. Treasury Securities - 4.2% - (continued)
|
||
|
|
U.S. Treasury Bonds - 4.2% - (continued)
|
||
|
$ 14,189,000
|
4.50%, 02/15/2044
|
$14,033,808
|
|
|
|
Total U.S. Government Securities
(cost $17,275,590)
|
|
$17,667,886
|
|
|
Total Long-Term Investments
(cost $384,066,238)
|
|
$384,768,254
|
|
SHORT-TERM INVESTMENTS - 6.5%
|
|||
|
|
U.S. Treasury Securities - 6.5%
|
||
|
|
U.S. Treasury Bills - 6.5%
|
||
|
43,000
|
3.94%, 09/04/2025(6)
|
$41,478
|
|
|
1,035,000
|
3.97%, 09/04/2025(6)
|
998,373
|
|
|
1,974,000
|
3.97%, 09/04/2025(6)
|
1,904,144
|
|
|
1,031,000
|
4.01%, 09/04/2025(6)
|
994,515
|
|
|
310,000
|
4.04%, 08/07/2025(6)
|
300,045
|
|
|
1,029,000
|
4.06%, 09/04/2025(6)
|
992,586
|
|
|
1,030,000
|
4.22%, 09/04/2025(6)
|
993,550
|
|
|
1,829,000
|
4.22%, 10/02/2025(6)
|
1,759,338
|
|
|
12,338,000
|
4.24%, 10/02/2025(6)
|
11,868,075
|
|
|
2,667,000
|
4.24%, 10/02/2025(6)
|
2,565,420
|
|
|
802,000
|
4.26%, 08/07/2025(6)
|
776,246
|
|
|
369,000
|
4.26%, 09/04/2025(6)
|
355,942
|
|
|
2,025,000
|
4.28%, 10/02/2025(6)
|
1,947,873
|
|
|
694,000
|
4.32%, 10/02/2025(6)
|
667,567
|
|
|
254,000
|
4.38%, 08/07/2025(6)
|
245,843
|
|
|
543,000
|
4.41%, 08/07/2025(6)
|
525,563
|
|
|
|
Total Short-Term Investments
(cost $26,962,308)
|
$26,936,558
|
|
|
|
Total Investments
(cost $411,028,546)
|
99.1
%
|
$411,704,812
|
|
|
Other Assets and Liabilities
|
0.9
%
|
3,553,568
|
|
|
Net Assets
|
100.0
%
|
$415,258,380
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$5,371,817, representing 1.3% of net assets.
|
|
(2)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
October 31, 2024. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(4)
|
Security is a zero-coupon bond.
|
|
(5)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of this security was $1,805,000
at October 31, 2024.
|
|
(6)
|
The rate shown represents current yield to maturity.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Corporate Bonds
|
$4,364,455
|
$—
|
$4,364,455
|
$—
|
|
Municipal Bonds
|
355,025,034
|
—
|
355,025,034
|
—
|
|
U.S. Government Agencies
|
7,710,879
|
—
|
7,710,879
|
—
|
|
U.S. Government Securities
|
17,667,886
|
—
|
17,667,886
|
—
|
|
Short-Term Investments
|
26,936,558
|
—
|
26,936,558
|
—
|
|
Total
|
$411,704,812
|
$—
|
$411,704,812
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
37
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 15.2%
|
|||
|
|
Asset-Backed - Automobile - 2.4%
|
||
|
$ 190,000
|
Bridgecrest Lending Auto Securitization
Trust 4.72%, 09/15/2028
|
$189,682
|
|
|
50,000
|
Exeter Automobile Receivables Trust
12.07%, 09/16/2030(1)
|
56,979
|
|
|
150,000
|
Prestige Auto Receivables Trust 6.75%,
11/17/2031(1)
|
147,022
|
|
|
585,000
|
SFS Auto Receivables Securitization Trust
5.33%, 11/20/2029(1)
|
592,622
|
|
|
540,000
|
Wheels Fleet Lease Funding 1 LLC 4.80%,
09/19/2039(1)
|
539,357
|
|
|
|
|
|
1,525,662
|
|
|
Commercial Mortgage-Backed Securities - 3.6%
|
||
|
130,000
|
280 Park Avenue Mortgage Trust 7.24%,
09/15/2034, 1 mo. USD Term SOFR +
2.42%(1)(2)
|
120,709
|
|
|
80,000
|
ARZ Trust 8.27%, 06/11/2029(1)
|
81,043
|
|
|
100,000
|
BAMLL Commercial Mortgage Securities
Trust 3.72%, 11/05/2032(1)(3)
|
38,983
|
|
|
100,000
|
BOCA Commercial Mortgage Trust 9.24%,
08/15/2041, 1 mo. USD Term SOFR +
4.44%(1)(2)
|
99,875
|
|
|
|
BPR Trust
|
|
|
|
30,000
|
5.85%, 11/05/2029(1)(3)
|
26,709
|
|
|
90,000
|
8.34%, 10/05/2038(1)(3)
|
92,370
|
|
|
15,960
|
BX Trust 8.50%, 08/15/2039, 1 mo. USD
Term SOFR + 3.70%(1)(2)
|
15,995
|
|
|
75,000
|
Citigroup Commercial Mortgage Trust
3.00%, 11/15/2049(1)
|
51,769
|
|
|
90,000
|
Commercial Mortgage Trust 3.86%,
03/10/2046(1)(3)
|
70,383
|
|
|
|
DC Trust
|
|
|
|
200,000
|
8.48%, 04/13/2040(1)(3)
|
203,341
|
|
|
85,000
|
10.31%, 04/13/2040(1)(3)
|
85,989
|
|
|
215,000
|
GS Mortgage Securities Corp. II 7.29%,
03/10/2041(1)(3)
|
215,408
|
|
|
124,532
|
GS Mortgage Securities Corp. Trust 2.95%,
11/05/2034(1)
|
103,643
|
|
|
105,000
|
HIH Trust 9.14%, 10/15/2041, 1 mo. USD
Term SOFR + 4.19%(1)(2)
|
104,836
|
|
|
100,000
|
HTL Commercial Mortgage Trust 11.93%,
05/10/2039(1)(3)
|
100,809
|
|
|
175,000
|
JPMBB Commercial Mortgage Securities
Trust 4.05%, 09/15/2047(1)(3)
|
150,821
|
|
|
125,000
|
Morgan Stanley Bank of America Merrill
Lynch Trust 3.81%, 05/15/2046(1)(3)
|
108,447
|
|
|
125,000
|
Morgan Stanley Capital I Trust 3.91%,
09/09/2032(1)
|
108,863
|
|
|
110,000
|
NXPT Commercial Mortgage Trust 6.93%,
11/05/2041(1)(3)
|
106,324
|
|
|
205,000
|
ROCK Trust 8.82%, 11/13/2041(1)
|
208,665
|
|
|
225,000
|
Worldwide Plaza Trust 3.53%,
11/10/2036(1)
|
152,212
|
|
|
|
|
|
2,247,194
|
|
|
Other Asset-Backed Securities - 3.6%
|
||
|
79,852
|
AASET U.S. Ltd. 3.84%, 01/16/2038(1)
|
60,488
|
|
|
549,000
|
AMMC CLO 22 Ltd. 10.64%, 04/25/2031,
3 mo. USD Term SOFR + 6.01%(1)(2)
|
547,828
|
|
|
250,000
|
GoldenTree Loan Management U.S. CLO
16 Ltd. 11.12%, 01/20/2034, 3 mo. USD
Term SOFR + 6.50%(1)(2)
|
251,475
|
|
|
41,622
|
HINNT LLC 8.00%, 03/15/2043(1)
|
39,234
|
|
|
|
Home RE Ltd.
|
|
|
|
150,000
|
9.46%, 10/25/2033, 30 day USD SOFR
Average + 4.60%(1)(2)
|
155,577
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 15.2% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 3.6% - (continued)
|
||
|
$ 165,000
|
10.36%, 10/25/2034, 30 day USD SOFR
Average + 5.50%(1)(2)
|
$174,264
|
|
|
244,048
|
Horizon Aircraft Finance III Ltd. 4.46%,
11/15/2039(1)
|
167,170
|
|
|
250,000
|
Invesco U.S. CLO Ltd. 11.53%, 04/22/2037,
3 mo. USD Term SOFR + 6.90%(1)(2)
|
253,701
|
|
|
250,000
|
Onex CLO Subsidiary Ltd. 9.73%,
07/20/2037, 3 mo. USD Term SOFR +
4.40%(1)(2)
|
248,572
|
|
|
215,000
|
Progress Residential Trust 4.25%,
04/19/2038(1)
|
210,099
|
|
|
100,000
|
Tricon Residential Trust 4.13%,
07/17/2038(1)
|
93,242
|
|
|
25,000
|
VB-S1 Issuer LLC 8.87%, 05/15/2054(1)
|
25,331
|
|
|
|
|
|
2,226,981
|
|
|
Whole Loan Collateral CMO - 5.6%
|
||
|
50,000
|
Angel Oak Mortgage Trust 2.48%,
05/25/2066(1)(3)
|
36,084
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
15,000
|
8.76%, 07/25/2043, 30 day USD SOFR
Average + 3.90%(1)(2)
|
15,787
|
|
|
300,000
|
10.36%, 12/25/2041, 30 day USD SOFR
Average + 5.50%(1)(2)
|
313,469
|
|
|
200,000
|
10.86%, 10/25/2041, 30 day USD SOFR
Average + 6.00%(1)(2)
|
210,213
|
|
|
265,000
|
10.86%, 12/25/2041, 30 day USD SOFR
Average + 6.00%(1)(2)
|
278,551
|
|
|
265,000
|
11.06%, 11/25/2041, 30 day USD SOFR
Average + 6.20%(1)(2)
|
279,540
|
|
|
179,000
|
11.86%, 04/25/2042, 30 day USD SOFR
Average + 7.00%(1)(2)
|
194,961
|
|
|
255,000
|
12.51%, 01/25/2042, 30 day USD SOFR
Average + 7.65%(1)(2)
|
276,033
|
|
|
245,000
|
14.36%, 03/25/2042, 30 day USD SOFR
Average + 9.50%(1)(2)
|
273,761
|
|
|
24,510
|
16.72%, 08/25/2028, 30 day USD SOFR
Average + 11.86%(2)
|
27,399
|
|
|
100,000
|
Imperial Fund Mortgage Trust 4.10%,
01/25/2057(1)(3)
|
73,529
|
|
|
|
PRET LLC
|
|
|
|
215,000
|
5.07%, 07/25/2051(1)(4)
|
206,774
|
|
|
100,000
|
5.44%, 01/25/2052(1)(4)
|
95,471
|
|
|
201,994
|
7.97%, 09/25/2051(1)(4)
|
196,112
|
|
|
115,000
|
8.72%, 10/25/2054(1)(4)
|
114,996
|
|
|
175,000
|
8.96%, 10/25/2054(1)(4)
|
175,000
|
|
|
|
PRPM LLC
|
|
|
|
201,702
|
6.60%, 09/25/2026(1)(3)
|
196,390
|
|
|
115,394
|
6.72%, 06/25/2026(1)(4)
|
113,737
|
|
|
100,000
|
8.60%, 11/25/2029(1)(4)(5)
|
100,000
|
|
|
201,325
|
VCAT LLC 3.97%, 09/25/2051(1)(4)
|
194,311
|
|
|
135,000
|
Verus Securitization Trust 3.04%,
09/25/2066(1)(3)
|
92,737
|
|
|
|
|
|
3,464,855
|
|
|
Total Asset & Commercial
Mortgage-Backed Securities
(cost $9,381,960)
|
$9,464,692
|
|
|
CONVERTIBLE BONDS - 6.1%
|
|||
|
|
Auto Manufacturers - 0.1%
|
||
|
90,000
|
Rivian Automotive, Inc. 3.63%, 10/15/2030
|
$69,606
|
|
|
|
Biotechnology - 0.6%
|
||
|
77,000
|
Alnylam Pharmaceuticals, Inc. 1.00%,
09/15/2027
|
87,780
|
|
|
|
38
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CONVERTIBLE BONDS - 6.1% - (continued)
|
|||
|
|
Biotechnology - 0.6% - (continued)
|
||
|
$ 85,000
|
BioMarin Pharmaceutical, Inc. 1.25%,
05/15/2027
|
$79,518
|
|
|
109,000
|
Immunocore Holdings PLC 2.50%,
02/01/2030(1)
|
94,034
|
|
|
132,000
|
Ionis Pharmaceuticals, Inc. 1.75%,
06/15/2028
|
133,452
|
|
|
|
|
|
394,784
|
|
|
Commercial Services - 0.6%
|
||
|
153,000
|
Global Payments, Inc. 1.50%, 03/01/2031(1)
|
145,886
|
|
|
EUR
100,000
|
Nexi SpA 1.75%, 04/24/2027(6)
|
101,493
|
|
|
|
Shift4 Payments, Inc.
|
|
|
|
$ 63,000
|
0.00%, 12/15/2025(7)
|
76,923
|
|
|
60,000
|
0.50%, 08/01/2027
|
61,350
|
|
|
|
|
|
385,652
|
|
|
Electric - 0.1%
|
||
|
42,000
|
Atlantica Sustainable Infrastructure Jersey
Ltd. 4.00%, 07/15/2025
|
41,561
|
|
|
15,000
|
PG&E Corp. 4.25%, 12/01/2027(1)
|
16,357
|
|
|
|
|
|
57,918
|
|
|
Energy-Alternate Sources - 0.4%
|
||
|
214,000
|
Enphase Energy, Inc. 0.00%, 03/01/2028(7)
|
179,118
|
|
|
70,000
|
NextEra Energy Partners LP 0.00%,
11/15/2025(1)(7)
|
65,240
|
|
|
30,000
|
Stem, Inc. 0.50%, 12/01/2028(1)
|
8,868
|
|
|
|
|
|
253,226
|
|
|
Entertainment - 0.2%
|
||
|
75,000
|
Live Nation Entertainment, Inc. 3.13%,
01/15/2029
|
95,393
|
|
|
|
Healthcare - Products - 0.4%
|
||
|
112,000
|
Exact Sciences Corp. 2.00%, 03/01/2030(1)
|
126,840
|
|
|
103,000
|
Insulet Corp. 0.38%, 09/01/2026
|
121,179
|
|
|
|
|
|
248,019
|
|
|
Internet - 1.1%
|
||
|
8,000
|
Alibaba Group Holding Ltd. 0.50%,
06/01/2031(1)
|
9,224
|
|
|
|
Etsy, Inc.
|
|
|
|
32,000
|
0.13%, 10/01/2026
|
30,784
|
|
|
53,000
|
0.25%, 06/15/2028
|
43,224
|
|
|
12,000
|
JD.com, Inc. 0.25%, 06/01/2029(1)
|
13,686
|
|
|
300,000
|
Meituan 0.00%, 04/27/2028(6)(7)
|
286,140
|
|
|
104,000
|
Sea Ltd. 2.38%, 12/01/2025
|
124,176
|
|
|
85,000
|
Shopify, Inc. 0.13%, 11/01/2025
|
81,643
|
|
|
94,000
|
Uber Technologies, Inc. 0.88%,
12/01/2028(1)
|
113,270
|
|
|
|
|
|
702,147
|
|
|
IT Services - 0.4%
|
||
|
95,000
|
Rapid7, Inc. 0.25%, 03/15/2027
|
88,112
|
|
|
59,000
|
Seagate HDD Cayman 3.50%, 06/01/2028
|
78,913
|
|
|
40,000
|
Zscaler, Inc. 0.13%, 07/01/2025
|
50,440
|
|
|
|
|
|
217,465
|
|
|
Leisure Time - 0.3%
|
||
|
85,000
|
Carnival Corp. 5.75%, 12/01/2027
|
155,210
|
|
|
|
Machinery-Diversified - 0.2%
|
||
|
126,000
|
Middleby Corp. 1.00%, 09/01/2025
|
138,247
|
|
|
|
Miscellaneous Manufacturing - 0.0%
|
||
|
1,000
|
Axon Enterprise, Inc. 0.50%, 12/15/2027
|
1,889
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CONVERTIBLE BONDS - 6.1% - (continued)
|
|||
|
|
Pharmaceuticals - 0.2%
|
||
|
|
Dexcom, Inc.
|
|
|
|
$ 50,000
|
0.25%, 11/15/2025
|
$47,575
|
|
|
80,000
|
0.38%, 05/15/2028
|
70,560
|
|
|
|
|
|
118,135
|
|
|
Real Estate Investment Trusts - 0.6%
|
||
|
85,000
|
Federal Realty OP LP 3.25%, 01/15/2029(1)
|
87,040
|
|
|
133,000
|
HAT Holdings I LLC/HAT Holdings II LLC
3.75%, 08/15/2028(1)
|
185,402
|
|
|
|
Rexford Industrial Realty LP
|
|
|
|
63,000
|
4.13%, 03/15/2029(1)
|
62,937
|
|
|
63,000
|
4.38%, 03/15/2027(1)
|
62,685
|
|
|
|
|
|
398,064
|
|
|
Semiconductors - 0.1%
|
||
|
78,000
|
Microchip Technology, Inc. 0.75%,
06/01/2030(1)
|
75,075
|
|
|
|
Software - 0.8%
|
||
|
99,000
|
Datadog, Inc. 0.13%, 06/15/2025
|
137,115
|
|
|
172,000
|
Dayforce, Inc. 0.25%, 03/15/2026
|
162,626
|
|
|
27,000
|
Guidewire Software, Inc. 1.25%,
11/01/2029(1)
|
27,392
|
|
|
85,000
|
Health Catalyst, Inc. 2.50%, 04/15/2025
|
82,981
|
|
|
78,000
|
Snowflake, Inc. 0.00%, 10/01/2029(1)(7)
|
79,326
|
|
|
|
|
|
489,440
|
|
|
Total Convertible Bonds
(cost $3,695,283)
|
$3,800,270
|
|
|
CORPORATE BONDS - 27.4%
|
|||
|
|
Advertising - 0.1%
|
||
|
60,000
|
Clear Channel Outdoor Holdings, Inc.
7.50%, 06/01/2029(1)
|
$51,277
|
|
|
|
Airlines - 0.1%
|
||
|
50,000
|
VistaJet Malta Finance PLC/Vista
Management Holding, Inc. 6.38%,
02/01/2030(1)
|
42,800
|
|
|
|
Apparel - 0.0%
|
||
|
25,000
|
S&S Holdings LLC 8.38%, 10/01/2031(1)
|
25,063
|
|
|
|
Auto Manufacturers - 0.1%
|
||
|
25,000
|
Ford Motor Co. 3.25%, 02/12/2032
|
20,916
|
|
|
54,000
|
General Motors Financial Co., Inc. 5.70%,
09/30/2030, (5.70% fixed rate until
09/30/2030; 5 yr. USD CMT + 5.00%
thereafter)(8)(9)(10)
|
52,115
|
|
|
|
|
|
73,031
|
|
|
Auto Parts & Equipment - 0.3%
|
||
|
EUR
200,000
|
Forvia SE 3.75%, 06/15/2028(6)
|
209,395
|
|
|
|
Beverages - 0.4%
|
||
|
$ 236,000
|
Central American Bottling Corp./CBC
Bottling Holdco SL/Beliv Holdco SL
5.25%, 04/27/2029(1)
|
226,380
|
|
|
|
Chemicals - 0.5%
|
||
|
EUR
100,000
|
Itelyum Regeneration SpA 4.63%,
10/01/2026(6)
|
107,615
|
|
|
$ 25,000
|
Mativ Holdings, Inc. 8.00%, 10/01/2029(1)
|
25,439
|
|
|
200,000
|
UPL Corp. Ltd. 5.25%, 02/27/2025, (5.25%
fixed rate until 02/27/2025; 5 yr. USD
CMT + 3.87% thereafter)(6)(8)(9)
|
156,000
|
|
|
|
|
|
289,054
|
|
|
39
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Commercial Banks - 4.7%
|
||
|
EUR
200,000
|
Abanca Corp. Bancaria SA 10.63%,
07/14/2028, (10.63% fixed rate until
07/14/2028; 5 yr. EUR Swap + 7.64%
thereafter)(6)(8)(9)
|
$246,443
|
|
|
300,000
|
Banca Transilvania SA 8.88%, 04/27/2027,
(8.88% fixed rate until 04/27/2026; 1 yr.
EURIBOR ICE Swap + 5.58%
thereafter)(6)(8)
|
344,830
|
|
|
|
Bank of America Corp.
|
|
|
|
$ 12,000
|
2.48%, 09/21/2036, (2.48% fixed rate
until 09/21/2031; 5 yr. USD CMT +
1.20% thereafter)(8)
|
9,843
|
|
|
12,000
|
5.52%, 10/25/2035, (5.52% fixed rate
until 10/25/2034; 6 mo. USD SOFR +
1.74% thereafter)(8)
|
11,910
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
9,000
|
3.70%, 03/20/2026, (3.70% fixed rate
until 03/20/2026; 5 yr. USD CMT +
3.35% thereafter)(8)(9)
|
8,690
|
|
|
40,000
|
6.32%, 10/25/2029, (6.32% fixed rate
until 10/25/2028; 6 mo. USD SOFR +
1.60% thereafter)(8)
|
42,229
|
|
|
EUR
200,000
|
Caixa Economica Montepio Geral Caixa
Economica Bancaria SA 5.63%,
05/29/2028, (5.63% fixed rate until
05/29/2027; 3 mo. EURIBOR + 2.60%
thereafter)(6)(8)
|
224,730
|
|
|
$ 225,000
|
CaixaBank SA 6.04%, 06/15/2035, (6.04%
fixed rate until 06/15/2034; 6 mo. USD
SOFR + 2.26% thereafter)(1)(8)
|
230,749
|
|
|
36,000
|
Citigroup, Inc. 4.00%, 12/10/2025, (4.00%
fixed rate until 12/10/2025; 5 yr. USD
CMT + 3.60% thereafter)(8)(9)
|
35,032
|
|
|
EUR
100,000
|
Danske Bank AS 4.63%, 05/14/2034,
(4.63% fixed rate until 02/14/2029; 5 yr.
EURIBOR ICE Swap + 1.95%
thereafter)(6)(8)
|
111,314
|
|
|
$ 18,000
|
Fifth Third Bancorp 4.50%, 09/30/2025,
(4.50% fixed rate until 09/30/2025; 5 yr.
USD CMT + 4.22% thereafter)(8)(9)
|
17,730
|
|
|
|
Freedom Mortgage Corp.
|
|
|
|
140,000
|
12.00%, 10/01/2028(1)
|
151,263
|
|
|
165,000
|
12.25%, 10/01/2030(1)
|
181,732
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
37,000
|
3.65%, 08/10/2026, (3.65% fixed rate
until 08/10/2026; 5 yr. USD CMT +
2.92% thereafter)(8)(9)
|
35,216
|
|
|
16,000
|
7.50%, 02/10/2029, (7.50% fixed rate
until 02/10/2029; 5 yr. USD CMT +
3.16% thereafter)(8)(9)
|
17,106
|
|
|
200,000
|
HSBC Holdings PLC 7.40%, 11/13/2034,
(7.40% fixed rate until 11/13/2033; 6 mo.
USD SOFR + 3.02% thereafter)(8)
|
223,186
|
|
|
200,000
|
Intesa Sanpaolo SpA 7.80%, 11/28/2053(1)
|
230,079
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
13,000
|
2.74%, 10/15/2030, (2.74% fixed rate
until 10/15/2029; 3 mo. USD Term
SOFR + 1.51% thereafter)(8)
|
11,759
|
|
|
9,000
|
3.16%, 04/22/2042, (3.16% fixed rate
until 04/22/2041; 6 mo. USD SOFR +
1.46% thereafter)(8)
|
6,848
|
|
|
10,000
|
4.51%, 10/22/2028, (4.51% fixed rate
until 10/22/2027; 6 mo. USD SOFR +
0.86% thereafter)(8)
|
9,929
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Commercial Banks - 4.7% - (continued)
|
||
|
$ 10,000
|
4.60%, 10/22/2030, (4.60% fixed rate
until 10/22/2029; 6 mo. USD SOFR +
1.04% thereafter)(8)
|
$9,862
|
|
|
5,000
|
5.34%, 01/23/2035, (5.34% fixed rate
until 01/23/2034; 6 mo. USD SOFR +
1.62% thereafter)(8)
|
5,043
|
|
|
200,000
|
Societe Generale SA 10.00%, 11/14/2028,
(10.00% fixed rate until 11/14/2028; 5 yr.
USD CMT + 5.45% thereafter)(1)(8)(9)
|
213,107
|
|
|
200,000
|
UBS Group AG 9.25%, 11/13/2033, (9.25%
fixed rate until 11/13/2033; 5 yr. USD
CMT + 4.76% thereafter)(1)(8)(9)
|
231,559
|
|
|
GBP
200,000
|
Virgin Money U.K. PLC 11.00%,
12/08/2028, (11.00% fixed rate until
12/08/2028; 5 yr. U.K. Government Bond
+ 6.99% thereafter)(6)(8)(9)
|
290,896
|
|
|
$ 18,000
|
Wells Fargo & Co. 3.90%, 03/15/2026,
(3.90% fixed rate until 03/15/2026; 5 yr.
USD CMT + 3.45% thereafter)(8)(9)
|
17,433
|
|
|
|
|
|
2,918,518
|
|
|
Commercial Services - 0.4%
|
||
|
22,000
|
Block, Inc. 3.50%, 06/01/2031
|
19,502
|
|
|
EUR
100,000
|
House of HR Group BV 9.00%,
11/03/2029(6)
|
108,566
|
|
|
100,000
|
Verisure Midholding AB 5.25%,
02/15/2029(6)
|
108,361
|
|
|
|
|
|
236,429
|
|
|
Construction Materials - 0.0%
|
||
|
$ 16,000
|
Trane Technologies Financing Ltd. 5.10%,
06/13/2034
|
16,178
|
|
|
|
Diversified Financial Services - 1.2%
|
||
|
18,000
|
Aircastle Ltd. 5.25%, 06/15/2026, (5.25%
fixed rate until 06/15/2026; 5 yr. USD
CMT + 4.41% thereafter)(1)(8)(9)
|
17,695
|
|
|
37,000
|
Ares Finance Co. III LLC 4.13%,
06/30/2051, (4.13% fixed rate until
06/30/2026; 5 yr. USD CMT + 3.24%
thereafter)(1)(8)
|
35,288
|
|
|
43,000
|
Bread Financial Holdings, Inc. 9.75%,
03/15/2029(1)
|
45,418
|
|
|
25,000
|
Capital One Financial Corp. 7.62%,
10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(8)
|
27,781
|
|
|
249,000
|
Charles Schwab Corp. 4.00%, 06/01/2026,
(4.00% fixed rate until 06/01/2026; 5 yr.
USD CMT + 3.17% thereafter)(8)(9)
|
238,965
|
|
|
30,000
|
Credit Acceptance Corp. 9.25%,
12/15/2028(1)
|
31,745
|
|
|
35,000
|
Discover Financial Services 6.13%,
06/23/2025, (6.13% fixed rate until
06/23/2025; 5 yr. USD CMT + 5.78%
thereafter)(8)(9)
|
34,904
|
|
|
35,000
|
Focus Financial Partners LLC 6.75%,
09/15/2031(1)
|
34,770
|
|
|
132,000
|
Freedom Mortgage Holdings LLC 9.13%,
05/15/2031(1)
|
133,712
|
|
|
15,000
|
goeasy Ltd. 6.88%, 05/15/2030(1)
|
15,238
|
|
|
25,000
|
Hightower Holding LLC 9.13%,
01/31/2030(1)
|
26,358
|
|
|
35,000
|
Jane Street Group/JSG Finance, Inc.
6.13%, 11/01/2032(1)
|
35,023
|
|
|
|
40
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Diversified Financial Services - 1.2% - (continued)
|
||
|
$ 55,000
|
LFS Topco LLC 5.88%, 10/15/2026(1)
|
$51,846
|
|
|
35,000
|
United Wholesale Mortgage LLC 5.50%,
04/15/2029(1)
|
33,379
|
|
|
|
|
|
762,122
|
|
|
Electric - 2.2%
|
||
|
35,000
|
CenterPoint Energy, Inc. 6.70%,
05/15/2055, (6.70% fixed rate until
02/15/2030; 5 yr. USD CMT + 2.59%
thereafter)(8)
|
34,921
|
|
|
|
CMS Energy Corp.
|
|
|
|
20,000
|
3.75%, 12/01/2050, (3.75% fixed rate
until 09/01/2030; 5 yr. USD CMT +
2.90% thereafter)(8)
|
17,509
|
|
|
18,000
|
4.75%, 06/01/2050, (4.75% fixed rate
until 03/01/2030; 5 yr. USD CMT +
4.12% thereafter)(8)
|
17,313
|
|
|
|
Dominion Energy, Inc.
|
|
|
|
44,000
|
4.35%, 01/15/2027, (4.35% fixed rate
until 01/15/2027; 5 yr. USD CMT +
3.20% thereafter)(8)(9)
|
42,720
|
|
|
16,000
|
6.88%, 02/01/2055, (6.88% fixed rate
until 11/03/2029; 5 yr. USD CMT +
2.39% thereafter)(8)
|
16,741
|
|
|
39,000
|
7.00%, 06/01/2054, (7.00% fixed rate
until 03/03/2034; 5 yr. USD CMT +
2.51% thereafter)(8)
|
41,496
|
|
|
36,000
|
Edison International 5.38%, 03/15/2026,
(5.38% fixed rate until 03/15/2026; 5 yr.
USD CMT + 4.70% thereafter)(8)(9)
|
35,641
|
|
|
60,000
|
Emera, Inc. 6.75%, 06/15/2076
|
60,074
|
|
|
215,000
|
Energo-Pro AS 8.50%, 02/04/2027(1)
|
215,651
|
|
|
33,000
|
EUSHI Finance, Inc. 7.63%, 12/15/2054,
(7.63% fixed rate until 09/15/2029; 5 yr.
USD CMT + 3.14% thereafter)(1)(8)
|
34,170
|
|
|
200,000
|
Instituto Costarricense de Electricidad
6.75%, 10/07/2031(1)
|
204,446
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
16,000
|
5.90%, 10/01/2054
|
15,995
|
|
|
80,000
|
6.75%, 01/15/2053
|
87,500
|
|
|
307,000
|
PG&E Corp. 7.38%, 03/15/2055, (7.38%
fixed rate until 12/15/2029; 5 yr. USD
CMT + 3.88% thereafter)(8)
|
317,106
|
|
|
13,000
|
Virginia Electric & Power Co. 5.55%,
08/15/2054
|
13,116
|
|
|
200,000
|
Zorlu Enerji Elektrik Uretim AS 11.00%,
04/23/2030(1)
|
200,693
|
|
|
|
|
|
1,355,092
|
|
|
Energy-Alternate Sources - 0.3%
|
||
|
200,000
|
FS Luxembourg SARL 8.88%,
02/12/2031(1)
|
204,021
|
|
|
|
Engineering & Construction - 0.6%
|
||
|
|
IHS Holding Ltd.
|
|
|
|
200,000
|
6.25%, 11/29/2028(1)
|
185,808
|
|
|
200,000
|
6.25%, 11/29/2028(6)
|
185,806
|
|
|
|
|
|
371,614
|
|
|
Entertainment - 0.1%
|
||
|
20,000
|
Great Canadian Gaming Corp. 8.75%,
11/15/2029(1)
|
20,000
|
|
|
19,000
|
Warnermedia Holdings, Inc. 5.14%,
03/15/2052
|
14,311
|
|
|
|
|
|
34,311
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Environmental Control - 0.1%
|
||
|
|
Reworld Holding Corp.
|
|
|
|
$ 5,000
|
4.88%, 12/01/2029(1)
|
$4,670
|
|
|
75,000
|
5.00%, 09/01/2030
|
68,924
|
|
|
|
|
|
73,594
|
|
|
Food - 0.2%
|
||
|
EUR
100,000
|
Picard Groupe SAS 6.38%, 07/01/2029(1)
|
111,053
|
|
|
|
Food Service - 0.4%
|
||
|
200,000
|
Elior Group SA 3.75%, 07/15/2026(6)
|
215,484
|
|
|
|
Forest Products & Paper - 0.6%
|
||
|
$ 165,000
|
Mercer International, Inc. 12.88%,
10/01/2028(1)
|
174,707
|
|
|
200,000
|
Suzano Austria GmbH 7.00%,
03/16/2047(6)
|
214,331
|
|
|
|
|
|
389,038
|
|
|
Gas - 0.1%
|
||
|
52,000
|
AltaGas Ltd. 7.20%, 10/15/2054, (7.20%
fixed rate until 07/17/2034; 5 yr. USD
CMT + 3.57% thereafter)(1)(8)
|
52,129
|
|
|
|
Healthcare - Services - 0.3%
|
||
|
200,000
|
Rede D'or Finance SARL 4.50%,
01/22/2030(6)
|
184,890
|
|
|
|
Insurance - 1.3%
|
||
|
140,000
|
Acrisure LLC/Acrisure Finance, Inc. 8.50%,
06/15/2029(1)
|
143,859
|
|
|
105,000
|
Alliant Holdings Intermediate LLC/Alliant
Holdings Co-Issuer 7.38%, 10/01/2032(1)
|
104,089
|
|
|
110,000
|
AssuredPartners, Inc. 5.63%, 01/15/2029(1)
|
104,084
|
|
|
|
Athene Global Funding
|
|
|
|
25,000
|
5.35%, 07/09/2027(1)
|
25,172
|
|
|
20,000
|
5.68%, 02/23/2026(1)
|
20,158
|
|
|
37,000
|
Enstar Finance LLC 5.50%, 01/15/2042,
(5.50% fixed rate until 01/15/2027; 5 yr.
USD CMT + 4.01% thereafter)(8)
|
34,687
|
|
|
|
Global Atlantic Fin Co.
|
|
|
|
72,000
|
4.70%, 10/15/2051, (4.70% fixed rate
until 07/15/2026; 5 yr. USD CMT +
3.80% thereafter)(1)(8)
|
69,062
|
|
|
25,000
|
7.95%, 10/15/2054, (7.95% fixed rate
until 07/15/2029; 5 yr. USD CMT +
3.61% thereafter)(1)(8)
|
25,940
|
|
|
18,000
|
Liberty Mutual Group, Inc. 4.13%,
12/15/2051, (4.13% fixed rate until
09/15/2026; 5 yr. USD CMT + 3.32%
thereafter)(1)(8)
|
16,986
|
|
|
|
Lincoln National Corp.
|
|
|
|
33,000
|
7.72%, 05/17/2066, 3 mo. USD Term
SOFR + 2.62%(2)
|
26,482
|
|
|
40,000
|
9.25%, 12/01/2027, (9.25% fixed rate
until 12/01/2027; 5 yr. USD CMT +
5.32% thereafter)(8)(9)
|
43,536
|
|
|
52,000
|
SBL Holdings, Inc. 7.20%, 10/30/2034(1)
|
50,414
|
|
|
200,000
|
Zurich Finance Ireland Designated Activity
Co. 3.00%, 04/19/2051, (3.00% fixed
rate until 01/19/2031; 5 yr. USD CMT +
2.78% thereafter)(6)(8)
|
172,870
|
|
|
|
|
|
837,339
|
|
|
Internet - 0.7%
|
||
|
|
Cerved Group SpA
|
|
|
|
EUR
200,000
|
6.00%, 02/15/2029(6)
|
207,984
|
|
|
|
41
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Internet - 0.7% - (continued)
|
||
|
EUR
205,000
|
8.73%, 02/15/2029, 3 mo. EURIBOR +
5.25%(2)(6)
|
$216,994
|
|
|
$ 14,000
|
Meta Platforms, Inc. 5.55%, 08/15/2064
|
14,191
|
|
|
|
|
|
439,169
|
|
|
Investment Company Security - 0.0%
|
||
|
18,000
|
New Mountain Finance Corp. 6.20%,
10/15/2027
|
17,805
|
|
|
|
Leisure Time - 0.0%
|
||
|
25,000
|
MajorDrive Holdings IV LLC 6.38%,
06/01/2029(1)
|
23,971
|
|
|
|
Lodging - 0.7%
|
||
|
245,000
|
Fortune Star BVI Ltd. 5.00%, 05/18/2026(6)
|
236,374
|
|
|
200,000
|
Studio City Finance Ltd. 5.00%,
01/15/2029(6)
|
180,545
|
|
|
|
|
|
416,919
|
|
|
Media - 0.5%
|
||
|
14,000
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital 6.83%, 10/23/2055
|
13,595
|
|
|
|
Comcast Corp.
|
|
|
|
17,000
|
2.89%, 11/01/2051
|
10,791
|
|
|
20,000
|
5.10%, 06/01/2029
|
20,321
|
|
|
50,000
|
Scripps Escrow, Inc. 5.88%,
07/15/2027(1)(11)
|
43,945
|
|
|
200,000
|
VTR Finance NV 6.38%, 07/15/2028(6)
|
191,027
|
|
|
|
|
|
279,679
|
|
|
Mining - 1.0%
|
||
|
|
Glencore Funding LLC
|
|
|
|
16,000
|
2.50%, 09/01/2030(1)
|
13,968
|
|
|
11,000
|
3.88%, 04/27/2051(1)
|
8,221
|
|
|
285,000
|
Vedanta Resources Finance II PLC
10.88%, 09/17/2029(1)
|
292,769
|
|
|
315,000
|
WE Soda Investments Holding PLC 9.50%,
10/06/2028(1)
|
324,513
|
|
|
|
|
|
639,471
|
|
|
Oil & Gas - 1.1%
|
||
|
|
Diamondback Energy, Inc.
|
|
|
|
14,000
|
4.25%, 03/15/2052
|
10,917
|
|
|
2,000
|
5.90%, 04/18/2064
|
1,937
|
|
|
315,000
|
Ecopetrol SA 7.75%, 02/01/2032
|
307,121
|
|
|
285,000
|
Energean Israel Finance Ltd. 5.88%,
03/30/2031(6)
|
243,219
|
|
|
165,000
|
Leviathan Bond Ltd. 6.75%, 06/30/2030(6)
|
151,306
|
|
|
|
|
|
714,500
|
|
|
Packaging & Containers - 0.4%
|
||
|
35,000
|
Clydesdale Acquisition Holdings, Inc.
8.75%, 04/15/2030(1)
|
35,542
|
|
|
25,000
|
Owens-Brockway Glass Container, Inc.
7.25%, 05/15/2031(1)
|
24,588
|
|
|
200,000
|
SAN Miguel Industrias Pet SA/NG PET
R&P Latin America SA 3.75%,
08/02/2028(4)(6)
|
182,157
|
|
|
|
|
|
242,287
|
|
|
Pharmaceuticals - 0.2%
|
||
|
EUR
100,000
|
Teva Pharmaceutical Finance Netherlands
II BV 7.88%, 09/15/2031
|
129,563
|
|
|
|
Pipelines - 0.4%
|
||
|
|
Enbridge, Inc.
|
|
|
|
$ 62,000
|
5.75%, 07/15/2080, (5.75% fixed rate
until 04/15/2030; 5 yr. USD CMT +
5.31% thereafter)(8)
|
60,258
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Pipelines - 0.4% - (continued)
|
||
|
$ 10,000
|
7.20%, 06/27/2054, (7.20% fixed rate
until 03/27/2034; 5 yr. USD CMT +
2.97% thereafter)(8)
|
$10,329
|
|
|
15,000
|
8.50%, 01/15/2084, (8.50% fixed rate
until 10/15/2033; 5 yr. USD CMT +
4.43% thereafter)(8)
|
16,666
|
|
|
20,000
|
Energy Transfer LP 8.00%, 05/15/2054,
(8.00% fixed rate until 02/15/2029; 5 yr.
USD CMT + 4.02% thereafter)(8)
|
21,192
|
|
|
8,000
|
ONEOK, Inc. 5.85%, 11/01/2064
|
7,719
|
|
|
51,000
|
South Bow Canadian Infrastructure
Holdings Ltd. 7.63%, 03/01/2055, (7.63%
fixed rate until 12/01/2029; 5 yr. USD
CMT + 3.95% thereafter)(1)(8)
|
52,514
|
|
|
|
Transcanada Trust
|
|
|
|
54,000
|
5.60%, 03/07/2082, (5.60% fixed rate
until 12/07/2031; 5 yr. USD CMT +
3.99% thereafter)(8)
|
51,547
|
|
|
18,000
|
5.88%, 08/15/2076, (5.88% fixed rate
until 08/15/2026; 3 mo. USD SOFR +
4.64% thereafter)(8)
|
17,935
|
|
|
|
|
|
238,160
|
|
|
Real Estate - 2.2%
|
||
|
GBP
300,000
|
Canary Wharf Group Investment Holdings
PLC 3.38%, 04/23/2028(6)
|
318,322
|
|
|
$ 400,000
|
Country Garden Holdings Co. Ltd. 3.88%,
10/22/2030(6)(12)
|
38,500
|
|
|
200,000
|
Fuqing Investment Management Ltd.
3.25%, 06/23/2025(6)
|
192,620
|
|
|
EUR
100,000
|
Neinor Homes SLU 5.88%, 02/15/2030
|
108,565
|
|
|
|
Peach Property Finance GmbH
|
|
|
|
200,000
|
4.38%, 11/15/2025(6)
|
199,803
|
|
|
100,000
|
4.38%, 11/15/2025(1)
|
99,902
|
|
|
$ 200,000
|
Pingan Real Estate Capital Ltd. 3.45%,
07/29/2026(6)
|
181,629
|
|
|
EUR
200,000
|
Samhallsbyggnadsbolaget i Norden AB
3.00%, 01/14/2025(4)(6)
|
212,265
|
|
|
|
|
|
1,351,606
|
|
|
Real Estate Investment Trusts - 1.7%
|
||
|
|
Alexandrite Monnet U.K. Holdco PLC
|
|
|
|
255,000
|
10.50%, 05/15/2029(1)
|
299,985
|
|
|
100,000
|
10.50%, 05/15/2029(6)
|
117,641
|
|
|
$ 305,000
|
American Assets Trust LP 6.15%,
10/01/2034
|
306,137
|
|
|
|
Hudson Pacific Properties LP
|
|
|
|
155,000
|
4.65%, 04/01/2029
|
123,995
|
|
|
65,000
|
5.95%, 02/15/2028
|
57,615
|
|
|
20,000
|
Kite Realty Group LP 5.50%, 03/01/2034
|
20,138
|
|
|
200,000
|
Trust Fibra Uno 6.39%, 01/15/2050(6)
|
160,424
|
|
|
|
|
|
1,085,935
|
|
|
Retail - 0.8%
|
||
|
30,000
|
AutoZone, Inc. 5.10%, 07/15/2029
|
30,298
|
|
|
8,000
|
BCPE Ulysses Intermediate, Inc. 7.75%,
04/01/2027(1)(13)
|
7,794
|
|
|
25,000
|
Foundation Building Materials, Inc. 6.00%,
03/01/2029(1)
|
22,088
|
|
|
EUR
100,000
|
Goldstory SAS 6.75%, 02/01/2030(6)
|
112,042
|
|
|
$ 200,000
|
Jollibee Worldwide Pte. Ltd. 3.90%,
01/23/2025, (3.90% fixed rate until
01/23/2025; 5 yr. USD CMT + 4.78%
thereafter)(6)(8)(9)
|
198,940
|
|
|
35,000
|
LBM Acquisition LLC 6.25%, 01/15/2029(1)
|
32,279
|
|
|
20,000
|
Macy's Retail Holdings LLC 5.13%,
01/15/2042
|
15,388
|
|
|
|
42
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 27.4% - (continued)
|
|||
|
|
Retail - 0.8% - (continued)
|
||
|
$ 35,000
|
Staples, Inc. 10.75%, 09/01/2029(1)
|
$33,844
|
|
|
35,000
|
Victra Holdings LLC/Victra Finance Corp.
8.75%, 09/15/2029(1)
|
36,538
|
|
|
|
|
|
489,211
|
|
|
Semiconductors - 0.0%
|
||
|
12,000
|
Intel Corp. 3.25%, 11/15/2049
|
7,662
|
|
|
|
Software - 0.3%
|
||
|
20,000
|
Rocket Software, Inc. 6.50%, 02/15/2029(1)
|
18,597
|
|
|
EUR
125,000
|
TeamSystem SpA 6.68%, 07/31/2031, 3
mo. EURIBOR + 3.50%(1)(2)
|
136,368
|
|
|
|
|
|
154,965
|
|
|
Telecommunications - 2.7%
|
||
|
$ 250,000
|
Africell Holding Ltd. 10.50%, 10/23/2029(1)
|
249,560
|
|
|
|
Altice France SA
|
|
|
|
EUR
100,000
|
4.13%, 01/15/2029(6)
|
82,238
|
|
|
100,000
|
5.88%, 02/01/2027(6)
|
87,428
|
|
|
|
AT&T, Inc.
|
|
|
|
$ 15,000
|
3.50%, 06/01/2041
|
11,759
|
|
|
7,000
|
3.85%, 06/01/2060
|
5,033
|
|
|
200,000
|
Axian Telecom 7.38%, 02/16/2027(1)
|
200,570
|
|
|
200,000
|
Connect Finco SARL/Connect U.S. Finco
LLC 9.00%, 09/15/2029(1)
|
189,970
|
|
|
EUR
200,000
|
Eolo SpA 4.88%, 10/21/2028(6)
|
197,903
|
|
|
|
Eutelsat SA
|
|
|
|
125,000
|
9.75%, 04/13/2029(1)
|
139,269
|
|
|
100,000
|
9.75%, 04/13/2029(6)
|
111,415
|
|
|
200,000
|
Kaixo Bondco Telecom SA 5.13%,
09/30/2029(6)
|
217,130
|
|
|
|
Level 3 Financing, Inc.
|
|
|
|
$ 35,000
|
3.88%, 10/15/2030(1)
|
26,600
|
|
|
50,000
|
4.00%, 04/15/2031(1)
|
37,750
|
|
|
200,000
|
Liquid Telecommunications Financing PLC
5.50%, 09/04/2026(6)
|
144,040
|
|
|
|
|
|
1,700,665
|
|
|
Transportation - 0.4%
|
||
|
230,000
|
Rumo Luxembourg SARL 5.25%,
01/10/2028(6)
|
224,451
|
|
|
|
Trucking & Leasing - 0.0%
|
||
|
25,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 5.35%, 01/12/2027(1)
|
25,222
|
|
|
|
Water - 0.3%
|
||
|
200,000
|
Aegea Finance SARL 9.00%, 01/20/2031(1)
|
213,234
|
|
|
|
Total Corporate Bonds
(cost $17,280,792)
|
$17,073,287
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.8%
|
|||
|
|
Benin - 0.3%
|
||
|
200,000
|
Benin Government International Bonds
7.96%, 02/13/2038(6)
|
$196,810
|
|
|
|
Brazil - 0.1%
|
||
|
|
Brazil Notas do Tesouro Nacional
|
|
|
|
BRL
131,000
|
10.00%, 01/01/2031
|
20,009
|
|
|
425,000
|
10.00%, 01/01/2035
|
62,641
|
|
|
|
|
|
82,650
|
|
|
Bulgaria - 0.0%
|
||
|
EUR
17,000
|
Bulgaria Government International Bonds
4.88%, 05/13/2036(6)
|
20,255
|
|
|
|
Chile - 0.1%
|
||
|
CLP
50,000,000
|
Bonos de la Tesoreria de la Republica en
pesos 4.70%, 09/01/2030(6)
|
49,374
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.8% - (continued)
|
|||
|
|
Colombia - 0.4%
|
||
|
$ 240,000
|
Colombia Government International Bonds
5.00%, 06/15/2045
|
$163,977
|
|
|
COP
302,600,000
|
Colombia TES 7.00%, 06/30/2032
|
55,895
|
|
|
|
|
|
219,872
|
|
|
Czech Republic - 0.1%
|
||
|
CZK
1,730,000
|
Czech Republic Government Bonds 2.50%,
08/25/2028(6)
|
71,086
|
|
|
|
Gabon - 0.3%
|
||
|
$ 200,000
|
Gabon Government International Bonds
6.95%, 06/16/2025(6)
|
195,139
|
|
|
|
Hungary - 0.1%
|
||
|
HUF
22,480,000
|
Hungary Government Bonds 3.00%,
08/21/2030
|
49,414
|
|
|
|
Indonesia - 0.1%
|
||
|
|
Indonesia Treasury Bonds
|
|
|
|
IDR
276,000,000
|
7.00%, 09/15/2030
|
17,761
|
|
|
717,000,000
|
7.13%, 06/15/2038
|
46,052
|
|
|
|
|
|
63,813
|
|
|
Israel - 0.3%
|
||
|
$ 200,000
|
Israel Government International Bonds
5.75%, 03/12/2054
|
182,801
|
|
|
|
Ivory Coast - 0.5%
|
||
|
|
Ivory Coast Government International
Bonds
|
|
|
|
EUR
100,000
|
4.88%, 01/30/2032(6)
|
94,968
|
|
|
200,000
|
5.88%, 10/17/2031(6)
|
204,050
|
|
|
|
|
|
299,018
|
|
|
Malaysia - 0.2%
|
||
|
|
Malaysia Government Bonds
|
|
|
|
MYR
270,000
|
3.83%, 07/05/2034
|
61,080
|
|
|
140,000
|
3.90%, 11/16/2027
|
32,289
|
|
|
215,000
|
4.76%, 04/07/2037
|
52,705
|
|
|
|
|
|
146,074
|
|
|
Mexico - 0.1%
|
||
|
EUR
100,000
|
Mexico Government International Bonds
2.13%, 10/25/2051
|
62,903
|
|
|
|
North Macedonia - 0.3%
|
||
|
|
North Macedonia Government International
Bonds
|
|
|
|
100,000
|
3.68%, 06/03/2026(1)
|
106,808
|
|
|
100,000
|
3.68%, 06/03/2026(6)
|
106,807
|
|
|
|
|
|
213,615
|
|
|
Peru - 0.5%
|
||
|
$ 225,000
|
Fondo MIVIVIENDA SA 4.63%,
04/12/2027(1)
|
223,125
|
|
|
|
Peru Government Bonds
|
|
|
|
PEN
120,000
|
5.40%, 08/12/2034
|
28,604
|
|
|
180,000
|
6.95%, 08/12/2031
|
49,588
|
|
|
90,000
|
7.60%, 08/12/2039(6)
|
24,480
|
|
|
|
|
|
325,797
|
|
|
Philippines - 0.1%
|
||
|
PHP
1,630,000
|
Philippines Government Bonds 6.25%,
03/22/2028
|
28,505
|
|
|
|
Poland - 0.1%
|
||
|
PLN
210,000
|
Republic of Poland Government Bonds
3.75%, 05/25/2027
|
50,704
|
|
|
|
Romania - 0.8%
|
||
|
|
Romania Government Bonds
|
|
|
|
RON
215,000
|
5.00%, 02/12/2029
|
44,088
|
|
|
|
43
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.8% - (continued)
|
|||
|
|
Romania - 0.8% - (continued)
|
||
|
RON
175,000
|
7.10%, 07/31/2034
|
$38,736
|
|
|
160,000
|
8.25%, 09/29/2032
|
37,534
|
|
|
|
Romania Government International Bonds
|
|
|
|
EUR
80,000
|
2.12%, 07/16/2031(6)
|
72,837
|
|
|
89,000
|
2.88%, 04/13/2042(6)
|
63,670
|
|
|
115,000
|
5.38%, 03/22/2031(1)
|
126,548
|
|
|
135,000
|
5.63%, 05/30/2037(1)
|
142,708
|
|
|
|
|
|
526,121
|
|
|
South Africa - 0.4%
|
||
|
|
Republic of South Africa Government
Bonds
|
|
|
|
ZAR
805,000
|
8.00%, 01/31/2030
|
43,119
|
|
|
2,815,000
|
8.75%, 01/31/2044
|
127,291
|
|
|
900,000
|
8.88%, 02/28/2035
|
45,573
|
|
|
|
|
|
215,983
|
|
|
Supranational - 0.8%
|
||
|
INR
8,800,000
|
Asian Development Bank 6.20%,
10/06/2026
|
103,703
|
|
|
CNY
810,000
|
European Bank for Reconstruction &
Development 2.00%, 01/21/2025
|
113,686
|
|
|
|
European Investment Bank
|
|
|
|
IDR
1,670,000,000
|
5.75%, 01/24/2025(6)
|
106,055
|
|
|
BRL
515,000
|
9.25%, 01/28/2027(6)
|
86,230
|
|
|
MXN
2,160,000
|
International Bank for Reconstruction &
Development 5.65%, 06/03/2027
|
96,625
|
|
|
|
|
|
506,299
|
|
|
Thailand - 0.1%
|
||
|
THB
2,355,000
|
Thailand Government Bonds 1.60%,
06/17/2035
|
63,991
|
|
|
|
Uruguay - 0.1%
|
||
|
|
Uruguay Government International Bonds
|
|
|
|
UYU
847,922
|
4.38%, 12/15/2028(14)
|
21,180
|
|
|
885,000
|
8.50%, 03/15/2028(6)
|
20,889
|
|
|
|
|
|
42,069
|
|
|
Total Foreign Government
Obligations
(cost $3,888,853)
|
|
$3,612,293
|
|
SENIOR FLOATING RATE INTERESTS - 13.8%(15)
|
|||
|
|
Airlines - 0.2%
|
||
|
$ 150,000
|
AS Mileage Plan IP Ltd. 6.66%,
10/15/2031, 3 mo. USD Term SOFR +
2.00%
|
$149,562
|
|
|
|
Auto Parts & Equipment - 0.2%
|
||
|
100,000
|
First Brands Group LLC 9.85%,
03/30/2027, 3 mo. USD Term SOFR +
5.00%
|
97,000
|
|
|
|
Commercial Services - 2.5%
|
||
|
185,000
|
Belron Finance 2019 LLC 7.49%,
10/16/2031, 1 mo. USD Term SOFR +
2.75%
|
185,616
|
|
|
EUR
200,000
|
Boels Topholding BV 6.56%, 05/23/2031, 3
mo. EURIBOR + 3.00%
|
217,827
|
|
|
$ 205,000
|
First Advantage Holdings LLC 7.94%,
09/19/2031, 1 mo. USD Term SOFR +
3.25%
|
205,000
|
|
|
100,000
|
PG Investment Co. 59 SARL 7.60%,
03/26/2031, 3 mo. USD Term SOFR +
3.00%
|
100,150
|
|
|
199,499
|
Ryan LLC 8.19%, 11/14/2030, 1 mo. USD
Term SOFR + 3.50%
|
198,938
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SENIOR FLOATING RATE INTERESTS - 13.8%(15) - (continued)
|
|||
|
|
Commercial Services - 2.5% - (continued)
|
||
|
EUR
250,000
|
Techem Verwaltungsgesellschaft 675
GmbH 7.02%, 07/15/2029, 1 mo.
EURIBOR + 3.75%
|
$271,777
|
|
|
$ 192,181
|
Trans Union LLC 6.44%, 06/24/2031, 1 mo.
USD Term SOFR + 1.75%
|
191,843
|
|
|
EUR
200,000
|
Verisure Holding AB 6.35%, 03/27/2028, 3
mo. EURIBOR + 3.00%
|
216,815
|
|
|
|
|
|
1,587,966
|
|
|
Construction Materials - 0.1%
|
||
|
$ 80,238
|
Emerald Borrower LP 7.56%, 05/31/2030,
3 mo. USD Term SOFR + 2.50%
|
80,092
|
|
|
|
Distribution/Wholesale - 0.3%
|
||
|
193,687
|
American Builders & Contractors Supply
Co., Inc. 6.44%, 01/31/2031, 1 mo. USD
Term SOFR + 1.75%
|
193,741
|
|
|
|
Electronics - 0.3%
|
||
|
175,000
|
Lsf12 Crown U.S. Commercial Bidco LLC
0.00%, 10/10/2031, 1 mo. USD Term
SOFR + 4.25%(16)
|
174,562
|
|
|
|
Entertainment - 0.2%
|
||
|
150,000
|
Great Canadian Gaming Corporation
9.01%, 11/01/2029, 3 mo. USD Term
SOFR + 4.00%
|
148,500
|
|
|
|
Environmental Control - 0.6%
|
||
|
392,969
|
Clean Harbors, Inc. 6.60%, 10/09/2028,
1 mo. USD Term SOFR + 1.75%
|
394,443
|
|
|
|
Food - 0.3%
|
||
|
194,756
|
U.S. Foods, Inc. 6.44%, 11/22/2028, 1 mo.
USD Term SOFR + 1.75%
|
195,560
|
|
|
|
Food Service - 0.2%
|
||
|
100,000
|
Golden State Foods LLC 0.00%,
10/07/2031, 1 mo. USD Term SOFR +
4.25%(16)
|
100,000
|
|
|
|
Hand/Machine Tools - 0.2%
|
||
|
100,000
|
Madison Safety & Flow LLC 7.97%,
09/26/2031, 1 mo. USD Term SOFR +
3.25%
|
100,375
|
|
|
|
Healthcare - Products - 1.1%
|
||
|
95,315
|
Avantor Funding, Inc. 6.79%, 11/08/2027,
1 mo. USD Term SOFR + 2.00%
|
95,765
|
|
|
99,000
|
Bausch & Lomb Corp. 8.69%, 09/29/2028,
1 mo. USD Term SOFR + 4.00%
|
99,124
|
|
|
|
Hanger, Inc.
|
|
|
|
13,118
|
0.00%, 10/16/2031, 1 mo. USD Term
SOFR + 3.50%(16)
|
13,123
|
|
|
101,882
|
8.19%, 10/16/2031, 3 mo. USD Term
SOFR + 3.50%
|
101,925
|
|
|
99,743
|
Insulet Corp. 7.19%, 08/04/2031, 1 mo.
USD Term SOFR + 2.50%
|
99,992
|
|
|
|
Medline Borrower LP
|
|
|
|
100,000
|
6.94%, 10/23/2028, 1 mo. USD Term
SOFR + 2.25%
|
99,977
|
|
|
178,537
|
7.44%, 10/23/2028, 1 mo. USD Term
SOFR + 2.75%
|
178,657
|
|
|
|
|
|
688,563
|
|
|
Healthcare - Services - 0.2%
|
||
|
145,113
|
Catalent Pharma Solutions, Inc. 6.86%,
02/22/2028, 1 mo. USD Term SOFR +
2.00%
|
144,976
|
|
|
|
44
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SENIOR FLOATING RATE INTERESTS - 13.8%(15) - (continued)
|
|||
|
|
Home Builders - 0.2%
|
||
|
$ 112,145
|
Installed Building Products, Inc. 6.69%,
03/28/2031, 1 mo. USD Term SOFR +
2.00%
|
$112,538
|
|
|
|
Home Furnishings - 0.3%
|
||
|
175,000
|
Tempur Sealy International, Inc. 7.24%,
10/03/2031, 1 mo. USD Term SOFR +
2.50%
|
174,855
|
|
|
|
Insurance - 0.7%
|
||
|
197,494
|
Asurion LLC 9.04%, 08/19/2028, 1 mo.
USD Term SOFR + 4.25%
|
196,259
|
|
|
231,434
|
HUB International Ltd. 7.37%, 06/20/2030,
3 mo. USD Term SOFR + 2.75%
|
231,851
|
|
|
|
|
|
428,110
|
|
|
Internet - 0.8%
|
||
|
140,944
|
Go Daddy Operating Co. LLC 6.69%,
11/09/2029, 1 mo. USD Term SOFR +
2.00%
|
140,817
|
|
|
110,000
|
MH Sub I LLC 8.94%, 05/03/2028, 1 mo.
USD Term SOFR + 4.25%
|
109,271
|
|
|
170,207
|
Proofpoint, Inc. 7.69%, 08/31/2028, 1 mo.
USD Term SOFR + 3.00%
|
170,243
|
|
|
105,000
|
Speedster Bidco GmbH 8.13%,
10/17/2031, 1 mo. USD Term SOFR +
3.50%
|
104,737
|
|
|
|
|
|
525,068
|
|
|
Investment Company Security - 0.2%
|
||
|
100,000
|
Dragon Buyer, Inc. 7.90%, 09/30/2031,
3 mo. USD Term SOFR + 3.25%
|
99,344
|
|
|
|
IT Services - 0.5%
|
||
|
151,907
|
McAfee LLC 8.10%, 03/01/2029, 1 mo.
USD Term SOFR + 3.25%
|
151,463
|
|
|
168,277
|
Surf Holdings LLC 8.36%, 03/05/2027,
1 mo. USD Term SOFR + 3.50%
|
167,880
|
|
|
|
|
|
319,343
|
|
|
Leisure Time - 0.3%
|
||
|
192,771
|
Hayward Industries, Inc. 7.30%,
05/30/2028, 1 mo. USD Term SOFR +
2.50%
|
192,736
|
|
|
|
Machinery - Construction & Mining - 0.2%
|
||
|
100,000
|
Terex Corp. 6.69%, 10/08/2031, 1 mo. USD
Term SOFR + 2.00%
|
99,953
|
|
|
|
Media - 0.1%
|
||
|
100,000
|
NEP Group, Inc. 8.12%, 08/19/2026, 1 mo.
USD Term SOFR + 3.25%
|
96,550
|
|
|
|
Miscellaneous Manufacturing - 0.2%
|
||
|
100,000
|
John Bean Technologies Corp. 0.00%,
10/09/2031, 1 mo. USD Term SOFR +
2.25%(16)
|
100,000
|
|
|
|
Packaging & Containers - 1.0%
|
||
|
360,266
|
Clydesdale Acquisition Holdings, Inc.
7.86%, 04/13/2029, 1 mo. USD Term
SOFR + 3.18%
|
359,276
|
|
|
293,789
|
Proampac PG Borrower LLC 8.84%,
09/15/2028, 3 mo. USD Term SOFR +
4.00%
|
294,523
|
|
|
|
|
|
653,799
|
|
|
Pharmaceuticals - 1.0%
|
||
|
EUR
159,911
|
Grifols SA 5.31%, 11/15/2027, 3 mo.
EURIBOR + 2.25%
|
169,368
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SENIOR FLOATING RATE INTERESTS - 13.8%(15) - (continued)
|
|||
|
|
Pharmaceuticals - 1.0% - (continued)
|
||
|
EUR
290,000
|
IVC Acquisition Ltd. 8.80%, 12/12/2028, 6
mo. EURIBOR + 5.00%
|
$315,113
|
|
|
$ 136,483
|
Packaging Coordinators Midco, Inc. 7.84%,
11/30/2027, 3 mo. USD Term SOFR +
3.25%
|
136,559
|
|
|
|
|
|
621,040
|
|
|
Pipelines - 0.2%
|
||
|
100,000
|
EPIC Crude Services LP 7.66%,
10/10/2031, 3 mo. USD Term SOFR +
3.00%
|
99,911
|
|
|
|
Retail - 0.6%
|
||
|
242,512
|
LBM Acquisition LLC 8.67%, 06/06/2031,
1 mo. USD Term SOFR + 3.75%
|
238,814
|
|
|
125,000
|
Specialty Building Products Holdings LLC
8.54%, 10/15/2028, 1 mo. USD Term
SOFR + 3.75%
|
123,721
|
|
|
|
|
|
362,535
|
|
|
Semiconductors - 0.2%
|
||
|
132,221
|
MKS Instruments, Inc. 6.99%, 08/17/2029,
1 mo. USD Term SOFR + 2.25%
|
132,187
|
|
|
|
Software - 0.6%
|
||
|
150,000
|
BCPE Pequod Buyer, Inc. 0.00%,
09/19/2031, 1 mo. USD Term SOFR +
3.50%(16)
|
149,888
|
|
|
34,910
|
Genesys Cloud Services Holdings II LLC
7.69%, 12/01/2027, 1 mo. USD Term
SOFR + 3.00%
|
34,970
|
|
|
193,510
|
Zelis Payments Buyer, Inc. 7.44%,
09/28/2029, 1 mo. USD Term SOFR +
2.75%
|
191,333
|
|
|
|
|
|
376,191
|
|
|
Transportation - 0.3%
|
||
|
185,288
|
First Student Bidco, Inc. 7.87%,
07/21/2028, 3 mo. USD Term SOFR +
3.00%
|
185,300
|
|
|
|
Total Senior Floating Rate Interests
(cost $8,644,660)
|
$8,634,800
|
|
|
U.S. GOVERNMENT AGENCIES - 7.5%
|
|||
|
|
Mortgage-Backed Agencies - 7.5%
|
||
|
|
Federal Home Loan Mortgage Corp. - 3.2%
|
||
|
303,209
|
5.00%, 09/01/2052
|
$295,210
|
|
|
871,924
|
5.50%, 08/01/2054
|
866,517
|
|
|
55,000
|
8.26%, 10/25/2041, 30 day USD SOFR
Average + 3.40%(1)(2)
|
56,622
|
|
|
15,000
|
9.11%, 05/25/2044, 30 day USD SOFR
Average + 4.25%(1)(2)
|
15,586
|
|
|
250,000
|
11.96%, 01/25/2042, 30 day USD SOFR
Average + 7.10%(1)(2)
|
266,510
|
|
|
175,000
|
12.57%, 03/25/2050, 30 day USD SOFR
Average + 7.71%(1)(2)
|
209,414
|
|
|
255,000
|
12.66%, 11/25/2041, 30 day USD SOFR
Average + 7.80%(1)(2)
|
275,414
|
|
|
|
|
|
1,985,273
|
|
|
Federal National Mortgage Association - 3.0%
|
||
|
296,680
|
5.00%, 09/01/2052
|
288,854
|
|
|
1,585,112
|
6.00%, 09/01/2053
|
1,624,329
|
|
|
|
|
|
1,913,183
|
|
|
45
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 7.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 7.5% - (continued)
|
||
|
|
Uniform Mortgage-Backed Security - 1.3%
|
||
|
$ 820,000
|
5.50%, 11/01/2054(17)
|
$812,209
|
|
|
|
Total U.S. Government Agencies
(cost $4,771,087)
|
|
$4,710,665
|
|
U.S. GOVERNMENT SECURITIES - 21.9%
|
|||
|
|
U.S. Treasury Securities - 21.9%
|
||
|
|
U.S. Treasury Bonds - 6.9%
|
||
|
390,000
|
2.25%, 08/15/2046
|
$262,687
|
|
|
1,690,000
|
2.50%, 05/15/2046(18)
|
1,199,636
|
|
|
1,925,000
|
3.38%, 11/15/2048
|
1,574,740
|
|
|
470,000
|
3.63%, 08/15/2043
|
412,535
|
|
|
525,000
|
3.63%, 05/15/2053
|
450,864
|
|
|
350,000
|
3.88%, 02/15/2043
|
320,045
|
|
|
67,800
|
4.25%, 08/15/2054
|
65,247
|
|
|
|
|
|
4,285,754
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 0.9%
|
||
|
373,442
|
0.25%, 02/15/2050(14)
|
233,362
|
|
|
102,688
|
0.63%, 02/15/2043(14)
|
79,141
|
|
|
227,252
|
0.75%, 02/15/2045(14)
|
173,743
|
|
|
81,041
|
1.38%, 02/15/2044(14)
|
70,912
|
|
|
|
|
|
557,158
|
|
|
U.S. Treasury Inflation-Indexed Notes - 0.9%
|
||
|
604,196
|
1.75%, 01/15/2034(14)
|
592,713
|
|
|
|
U.S. Treasury Notes - 13.2%
|
||
|
1,955,000
|
3.13%, 08/31/2029
|
1,866,261
|
|
|
33,900
|
3.50%, 09/30/2029
|
32,923
|
|
|
2,065,000
|
3.50%, 02/15/2033(18)(19)
|
1,956,103
|
|
|
2,178,700
|
3.88%, 08/15/2034
|
2,107,892
|
|
|
2,290,000
|
4.13%, 07/31/2028
|
2,286,959
|
|
|
|
|
|
8,250,138
|
|
|
Total U.S. Government Securities
(cost $14,299,465)
|
|
$13,685,763
|
|
COMMON STOCKS - 0.1%
|
|||
|
|
Automobiles & Components - 0.0%
|
||
|
83
|
Aptiv PLC*
|
$4,717
|
|
|
|
Financial Services - 0.1%
|
||
|
33,932
|
Unifin Financiera SAB de CV*(5)
|
2,185
|
|
|
250,000
|
Unifin Financiera SAB de CV*(5)(11)(20)
|
25,000
|
|
|
|
|
|
27,185
|
|
|
Health Care Equipment & Services - 0.0%
|
||
|
17
|
Becton Dickinson & Co.
|
3,971
|
|
|
|
Total Common Stocks
(cost $27,866)
|
|
$35,873
|
|
PREFERRED STOCKS - 0.8%
|
|||
|
|
Banks - 0.1%
|
||
|
27
|
Bank of America Corp. Series L, 7.25%(21)
|
$33,345
|
|
|
|
Capital Goods - 0.1%
|
||
|
1,625
|
Boeing Co. (Preference Shares), 6.00%*
|
87,311
|
|
|
|
Financial Services - 0.3%
|
||
|
1,349
|
Ares Management Corp. Series B, 6.75%*
|
72,711
|
|
|
1,950
|
Morgan Stanley Series Q, 6.63%(21)
|
51,480
|
|
|
2,375
|
Synchrony Financial Series B, 8.25%(21)
|
61,655
|
|
|
|
|
|
185,846
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
PREFERRED STOCKS - 0.8% - (continued)
|
|||
|
|
Insurance - 0.0%
|
||
|
135
|
American National Group, Inc. Series B,
6.63%(21)
|
$3,428
|
|
|
745
|
Enstar Group Ltd. Series D, 7.00%(21)
|
15,935
|
|
|
|
|
|
19,363
|
|
|
Telecommunication Services - 0.1%
|
||
|
400
|
AT&T, Inc. Series A, 5.00%(21)
|
8,680
|
|
|
450
|
U.S. Cellular Corp. (Preference Shares),
6.25%
|
10,562
|
|
|
1,000
|
U.S. Cellular Corp. (Preference Shares),
5.50%
|
22,520
|
|
|
1,275
|
U.S. Cellular Corp. (Preference Shares),
5.50%
|
28,687
|
|
|
|
|
|
70,449
|
|
|
Utilities - 0.2%
|
||
|
1,049
|
NextEra Energy, Inc. (Preference Shares),
6.93%
|
46,943
|
|
|
1,000
|
NextEra Energy, Inc. (Preference Shares),
7.30%
|
52,910
|
|
|
1,300
|
SCE Trust VII Series M, 7.50%(21)
|
34,697
|
|
|
|
|
|
134,550
|
|
|
Total Preferred Stocks
(cost $524,589)
|
|
$530,864
|
|
WARRANTS - 0.0%
|
|||
|
|
Semiconductors & Semiconductor Equipment - 0.0%
|
||
|
1,500
|
Maxeon Solar Technologies Ltd. Expires
01/15/2028*(5)(20)
|
$4,050
|
|
|
|
Total Warrants
(cost $—)
|
|
$4,050
|
|
|
Total Long-Term Investments
(cost $62,514,555)
|
|
$61,552,557
|
|
SHORT-TERM INVESTMENTS - 0.5%
|
|||
|
|
Repurchase Agreements - 0.4%
|
||
|
$ 248,266
|
Fixed Income Clearing Corp.
Repurchase Agreement dated
10/31/2024 at 4.85%, due on
11/01/2024 with a maturity value of
$248,299; collateralized by
U.S. Treasury Note at 0.88%,
maturing 06/30/2026, with a market
value of $253,350
|
$248,266
|
|
|
|
Securities Lending Collateral - 0.1%
|
||
|
7,870
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.77%(22)
|
7,870
|
|
|
26,235
|
HSBC U.S. Government Money Market
Fund, Institutional Class, 4.78%(22)
|
26,235
|
|
|
7,871
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.76%(22)
|
7,871
|
|
|
7,871
|
Morgan Stanley Institutional Liquidity
Funds, Government Portfolio,
Institutional Class, 4.78%(22)
|
7,871
|
|
|
|
|
|
49,847
|
|
|
Total Short-Term Investments
(cost $298,113)
|
$298,113
|
|
|
|
Total Investments
(cost $62,812,668)
|
99.1
%
|
$61,850,670
|
|
|
Other Assets and Liabilities
|
0.9
%
|
542,730
|
|
|
Net Assets
|
100.0
%
|
$62,393,400
|
|
|
46
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$18,470,241, representing 29.6% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(4)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(5)
|
Investment valued using significant unobservable inputs.
|
|
(6)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At October 31, 2024, the aggregate
value of these securities was $8,988,211, representing 14.4% of net assets.
|
|
(7)
|
Security is a zero-coupon bond.
|
|
(8)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
October 31, 2024. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(9)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(10)
|
Represents entire or partial securities on loan.
|
|
(11)
|
Share amount represents shares of the issuer previously held that resulted in
receipt of the escrow.
|
|
(12)
|
Non-income producing. For long-term debt securities, items identified are in default
as to payment of interest and/or principal.
|
|
(13)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
|
(14)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(15)
|
Senior floating rate interests generally pay interest rates which are periodically
adjusted by reference to a base short-term, floating lending rate plus a premium.
The base lending rates are primarily the Secured Overnight Financing Rate
("SOFR") and secondarily, the prime rate offered by one or more major
United States banks (the "Prime Rate"). Senior floating rate interests often require
prepayments from excess cash flows or permit the borrower to repay at its
election. The rate at which the borrower repays cannot be predicted with accuracy.
As a result, the actual remaining maturity may be substantially less than the stated
maturities shown. Base lending rates may be subject to a floor or cap. Unless
otherwise noted, the interest rate disclosed for these securities represents the rate
in effect as of October 31, 2024.
|
|
(16)
|
Represents an unsettled loan commitment. The coupon rate will be determined at
time of settlement.
|
|
(17)
|
Represents or includes a TBA transaction.
|
|
(18)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of October 31, 2024, the market value of
securities pledged was $1,024,985.
|
|
(19)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of October 31, 2024, the market value of securities pledged
was $691,504.
|
|
(20)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $29,050 or 0.0% of net
assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
06/2024
|
Maxeon Solar
Technologies Ltd.
Expires 01/15/2028
Warrants
|
1,500
|
$—
|
$4,050
|
|
08/2024
|
Unifin Financiera SAB de
CV
|
250,000
|
7,500
|
25,000
|
|
|
|
|
$7,500
|
$29,050
|
|
(21)
|
Perpetual security with no stated maturity date.
|
|
(22)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at October 31, 2024
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Australian 10-Year Bond Future
|
26
|
12/16/2024
|
$1,904,712
|
$(91,371
)
|
|
U.S. Treasury 2-Year Note Future
|
20
|
12/31/2024
|
4,118,906
|
(52,049
)
|
|
U.S. Treasury 5-Year Note Future
|
15
|
12/31/2024
|
1,608,516
|
(16,777
)
|
|
U.S. Treasury 10-Year Note Future
|
53
|
12/19/2024
|
5,854,844
|
(131,934
)
|
|
|
47
|
|
|
Futures Contracts Outstanding at October 31, 2024 – (continued)
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts – (continued):
|
||||
|
U.S. Treasury Ultra Bond Future
|
11
|
12/19/2024
|
$1,381,875
|
$(30,814
)
|
|
Total
|
|
|
|
$(322,945
)
|
|
Short position contracts:
|
||||
|
Euro BUXL 30-Year Bond Future
|
(1)
|
12/06/2024
|
$(143,697
)
|
$2,518
|
|
Euro-BOBL Future
|
(16)
|
12/06/2024
|
(2,052,313
)
|
8,241
|
|
Euro-BUND Future
|
(6)
|
12/06/2024
|
(858,532
)
|
9,429
|
|
Euro-Schatz Future
|
(41)
|
12/06/2024
|
(4,742,272
)
|
19,348
|
|
French Government Bond Future
|
(7)
|
12/06/2024
|
(947,360
)
|
16,301
|
|
Long Gilt Future
|
(3)
|
12/27/2024
|
(362,707
)
|
10,642
|
|
U.S. Treasury 10-Year Ultra Future
|
(17)
|
12/19/2024
|
(1,933,750
)
|
38,945
|
|
Total
|
|
|
|
$105,424
|
|
Total futures contracts
|
$(217,521
)
|
|||
|
OTC Credit Default Swap Contracts Outstanding at October 31, 2024
|
||||||||||
|
Reference Entity
|
Counter-
party
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Credit default swaps on indices:
|
||||||||||
|
Sell protection:
|
||||||||||
|
CMBX.NA.BBB-.16
|
CBK
|
USD
|
330,000
|
3.00%
|
04/17/2065
|
Monthly
|
$—
|
$(55,552
)
|
$(53,308
)
|
$2,244
|
|
CMBX.NA.BBB-.16
|
MSC
|
USD
|
80,000
|
3.00%
|
04/17/2065
|
Monthly
|
—
|
(13,665
)
|
(12,923
)
|
742
|
|
CMBX.NA.BBB-.16
|
CBK
|
USD
|
80,000
|
3.00%
|
04/17/2065
|
Monthly
|
—
|
(12,306
)
|
(12,963
)
|
(657
)
|
|
CMBX.NA.BBB-.16
|
MSC
|
USD
|
65,000
|
3.00%
|
04/17/2065
|
Monthly
|
—
|
(9,648
)
|
(10,533
)
|
(885
)
|
|
CMBX.NA.BBB-.16
|
MSC
|
USD
|
70,000
|
3.00%
|
04/17/2065
|
Monthly
|
—
|
(10,387
)
|
(11,343
)
|
(956
)
|
|
CMBX.NA.BBB-.16
|
MSC
|
USD
|
65,000
|
3.00%
|
04/17/2065
|
Monthly
|
—
|
(9,527
)
|
(10,532
)
|
(1,005
)
|
|
Total OTC credit default swap contracts
|
$—
|
$(111,085
)
|
$(111,602
)
|
$(517
)
|
||||||
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
|
Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Reference Entity
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Credit default swaps on indices:
|
|
||||||||
|
Buy protection:
|
|
||||||||
|
CDX.EM.S41
|
USD
|
800,343
|
(1.00%)
|
06/20/2029
|
Quarterly
|
$19,942
|
$—
|
$17,501
|
$(2,441
)
|
|
Sell protection:
|
|
||||||||
|
CDX.NA.HY.S42.V1
|
USD
|
5,940,000
|
5.00%
|
06/20/2029
|
Quarterly
|
$307,375
|
$—
|
$471,458
|
$164,083
|
|
ITRAXX-XOVER S41.V1
|
EUR
|
1,930,000
|
5.00%
|
06/20/2029
|
Quarterly
|
166,778
|
—
|
202,600
|
35,822
|
|
Total
|
$474,153
|
$—
|
$674,058
|
$199,905
|
|||||
|
Total centrally cleared credit default swap contracts
|
$494,095
|
$—
|
$691,559
|
$197,464
|
|||||
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
|
|
48
|
|
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
280,000
|
03/15/2053
|
Annual
|
$853
|
$—
|
$38,223
|
$37,370
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
190,000
|
03/15/2053
|
Annual
|
2,089
|
—
|
29,021
|
26,932
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
125,000
|
06/21/2053
|
Annual
|
—
|
(1,248
)
|
10,000
|
11,248
|
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
350,000
|
09/20/2053
|
Annual
|
1,470
|
—
|
4,913
|
3,443
|
|
Total centrally cleared interest rate swaps contracts
|
$4,412
|
$(1,248
)
|
$82,157
|
$78,993
|
|||||
|
Foreign Currency Contracts Outstanding at October 31, 2024
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
250,000
|
AUD
|
173,054
|
USD
|
ANZ
|
12/18/2024
|
$(9,226
)
|
|
25,000
|
BRL
|
4,498
|
USD
|
BCLY
|
12/03/2024
|
(196
)
|
|
225,000
|
CAD
|
166,711
|
USD
|
JPM
|
12/18/2024
|
(5,029
)
|
|
4,100,000
|
CLP
|
4,384
|
USD
|
GSC
|
12/18/2024
|
(121
)
|
|
38,890,000
|
CLP
|
41,356
|
USD
|
MSC
|
12/18/2024
|
(919
)
|
|
283,194,000
|
COP
|
67,408
|
USD
|
GSC
|
12/18/2024
|
(3,659
)
|
|
764,000
|
CZK
|
32,898
|
USD
|
NWM
|
12/18/2024
|
(84
)
|
|
570,000
|
CZK
|
24,650
|
USD
|
CBK
|
12/18/2024
|
(169
)
|
|
114,000
|
EUR
|
123,476
|
USD
|
BNP
|
11/29/2024
|
434
|
|
1,000
|
EUR
|
1,081
|
USD
|
SCB
|
11/29/2024
|
5
|
|
179,000
|
EUR
|
195,036
|
USD
|
JPM
|
12/18/2024
|
(289
)
|
|
316,000
|
EUR
|
352,876
|
USD
|
CBK
|
12/18/2024
|
(9,076
)
|
|
262,000
|
GBP
|
350,270
|
USD
|
CAG
|
12/18/2024
|
(13,467
)
|
|
9,680,000
|
HUF
|
26,497
|
USD
|
CBK
|
12/18/2024
|
(821
)
|
|
54,200,000
|
JPY
|
380,970
|
USD
|
CAG
|
12/18/2024
|
(22,788
)
|
|
59,100,000
|
KZT
|
122,032
|
USD
|
GSC
|
12/18/2024
|
(2,170
)
|
|
790,000
|
MXN
|
39,925
|
USD
|
CBK
|
12/18/2024
|
(830
)
|
|
4,930,000
|
PHP
|
87,943
|
USD
|
GSC
|
12/18/2024
|
(3,151
)
|
|
26,000
|
RON
|
5,724
|
USD
|
BOA
|
12/18/2024
|
(58
)
|
|
1,260,000
|
TRY
|
34,017
|
USD
|
MSC
|
12/18/2024
|
928
|
|
273,120
|
USD
|
395,000
|
AUD
|
CBK
|
11/07/2024
|
14,370
|
|
167,284
|
USD
|
250,000
|
AUD
|
MSC
|
12/18/2024
|
3,457
|
|
114,703
|
USD
|
155,000
|
CAD
|
SSG
|
11/07/2024
|
3,481
|
|
166,152
|
USD
|
225,000
|
CAD
|
RBC
|
12/18/2024
|
4,471
|
|
100,866
|
USD
|
85,000
|
CHF
|
SSG
|
11/07/2024
|
2,480
|
|
7,841
|
USD
|
32,977,000
|
COP
|
CBK
|
12/18/2024
|
418
|
|
134,328
|
USD
|
3,020,000
|
CZK
|
SSG
|
12/18/2024
|
4,618
|
|
268,710
|
USD
|
241,000
|
EUR
|
CBK
|
11/07/2024
|
6,979
|
|
22,607
|
USD
|
20,802
|
EUR
|
SSG
|
11/29/2024
|
(3
)
|
|
4,566,091
|
USD
|
4,211,791
|
EUR
|
DEUT
|
11/29/2024
|
(11,838
)
|
|
3,560,035
|
USD
|
3,217,000
|
EUR
|
DEUT
|
12/18/2024
|
60,019
|
|
26,792
|
USD
|
24,000
|
EUR
|
CBK
|
12/18/2024
|
680
|
|
21,096
|
USD
|
19,000
|
EUR
|
SSG
|
12/18/2024
|
425
|
|
271,425
|
USD
|
203,000
|
GBP
|
CAG
|
11/07/2024
|
10,441
|
|
304,009
|
USD
|
234,220
|
GBP
|
JPM
|
11/29/2024
|
2,899
|
|
2,571
|
USD
|
2,000
|
GBP
|
SSG
|
11/29/2024
|
—
|
|
439,746
|
USD
|
337,000
|
GBP
|
MSC
|
12/18/2024
|
6,529
|
|
12,011
|
USD
|
9,000
|
GBP
|
TDB
|
12/18/2024
|
442
|
|
23,069
|
USD
|
1,940,000
|
INR
|
CBK
|
12/18/2024
|
43
|
|
229,354
|
USD
|
32,800,000
|
JPY
|
CAG
|
11/07/2024
|
13,831
|
|
386,141
|
USD
|
54,200,000
|
JPY
|
DEUT
|
12/18/2024
|
27,959
|
|
121,680
|
USD
|
59,100,000
|
KZT
|
BOA
|
12/18/2024
|
1,818
|
|
130,685
|
USD
|
535,000
|
MYR
|
SCB
|
12/18/2024
|
8,191
|
|
211,368
|
USD
|
2,230,000
|
NOK
|
BNP
|
11/07/2024
|
9,185
|
|
5,785
|
USD
|
26,000
|
RON
|
BCLY
|
12/18/2024
|
119
|
|
101,559
|
USD
|
1,030,000
|
SEK
|
BNP
|
11/07/2024
|
5,266
|
|
64,808
|
USD
|
2,155,000
|
THB
|
CBK
|
12/18/2024
|
729
|
|
10,397
|
USD
|
184,000
|
ZAR
|
SSG
|
12/18/2024
|
34
|
|
Total foreign currency contracts
|
$106,357
|
|||||
|
|
49
|
|
|
Foreign Cross Currency Contracts Outstanding at October 31, 2024
|
||||||
|
Contract
Amount
|
Counterparty
|
Delivery Date
|
Contract
Amount
|
Unrealized
Appreciation/
Depreciation
|
||
|
EUR
|
218,581
|
JPM
|
11/29/2024
|
GBP
|
215,979
|
$2,602
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$9,464,692
|
$—
|
$9,364,692
|
$100,000
|
|
Convertible Bonds
|
3,800,270
|
—
|
3,800,270
|
—
|
|
Corporate Bonds
|
17,073,287
|
—
|
17,073,287
|
—
|
|
Foreign Government Obligations
|
3,612,293
|
—
|
3,612,293
|
—
|
|
Senior Floating Rate Interests
|
8,634,800
|
—
|
8,634,800
|
—
|
|
U.S. Government Agencies
|
4,710,665
|
—
|
4,710,665
|
—
|
|
U.S. Government Securities
|
13,685,763
|
—
|
13,685,763
|
—
|
|
Common Stocks
|
|
|
|
|
|
Automobiles & Components
|
4,717
|
4,717
|
—
|
—
|
|
Financial Services
|
27,185
|
—
|
—
|
27,185
|
|
Health Care Equipment & Services
|
3,971
|
3,971
|
—
|
—
|
|
Preferred Stocks
|
530,864
|
530,864
|
—
|
—
|
|
Warrants
|
4,050
|
—
|
—
|
4,050
|
|
Short-Term Investments
|
298,113
|
49,847
|
248,266
|
—
|
|
Foreign Currency Contracts(2)
|
192,853
|
—
|
192,853
|
—
|
|
Futures Contracts(2)
|
105,424
|
105,424
|
—
|
—
|
|
Swaps - Credit Default(2)
|
202,891
|
—
|
202,891
|
—
|
|
Swaps - Interest Rate(2)
|
78,993
|
—
|
78,993
|
—
|
|
Total
|
$62,430,831
|
$694,823
|
$61,604,773
|
$131,235
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(83,894
)
|
$—
|
$(83,894
)
|
$—
|
|
Futures Contracts(2)
|
(322,945
)
|
(322,945
)
|
—
|
—
|
|
Swaps - Credit Default(2)
|
(5,944
)
|
—
|
(5,944
)
|
—
|
|
Total
|
$(412,783
)
|
$(322,945
)
|
$(89,838
)
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
50
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9%
|
|||
|
|
Asset-Backed - Automobile - 1.9%
|
||
|
$ 875,000
|
American Credit Acceptance Receivables
Trust 6.09%, 11/12/2027(1)
|
$877,993
|
|
|
867,335
|
ARI Fleet Lease Trust 5.41%, 02/17/2032(1)
|
868,890
|
|
|
|
Avis Budget Rental Car Funding
AESOP LLC
|
|
|
|
1,535,000
|
5.36%, 06/20/2030(1)
|
1,552,002
|
|
|
540,000
|
5.58%, 12/20/2030(1)
|
538,190
|
|
|
1,065,000
|
5.90%, 08/21/2028(1)
|
1,086,461
|
|
|
|
Bridgecrest Lending Auto Securitization
Trust
|
|
|
|
1,565,000
|
5.43%, 08/15/2028
|
1,573,196
|
|
|
1,400,000
|
6.80%, 08/15/2029
|
1,428,035
|
|
|
955,000
|
Citizens Auto Receivables Trust 5.03%,
10/15/2030(1)
|
961,520
|
|
|
639,101
|
CPS Auto Receivables Trust 5.91%,
08/16/2027(1)
|
640,543
|
|
|
1,250,000
|
Credit Acceptance Auto Loan Trust 5.68%,
03/15/2034(1)
|
1,263,106
|
|
|
|
DT Auto Owner Trust
|
|
|
|
660,000
|
5.41%, 02/15/2029(1)
|
661,340
|
|
|
1,065,000
|
6.07%, 03/15/2028(1)
|
1,074,651
|
|
|
500,000
|
Enterprise Fleet Financing LLC 5.16%,
09/20/2030(1)
|
505,706
|
|
|
401,000
|
Exeter Automobile Receivables Trust
6.11%, 09/15/2027
|
402,168
|
|
|
|
Flagship Credit Auto Trust
|
|
|
|
310,000
|
5.05%, 01/18/2028(1)
|
309,557
|
|
|
830,000
|
5.21%, 05/15/2028(1)
|
828,946
|
|
|
958,000
|
5.64%, 07/16/2029(1)
|
965,906
|
|
|
650,000
|
GLS Auto Select Receivables Trust 4.50%,
11/15/2030(1)
|
640,112
|
|
|
455,000
|
GM Financial Consumer Automobile
Receivables Trust 5.16%, 08/16/2029
|
458,483
|
|
|
2,705,000
|
Hertz Vehicle Financing III LLC 5.94%,
02/25/2028(1)
|
2,745,356
|
|
|
1,650,000
|
Hyundai Auto Lease Securitization Trust
5.35%, 05/15/2028(1)
|
1,660,930
|
|
|
1,830,000
|
OneMain Direct Auto Receivables Trust
5.41%, 11/14/2029(1)
|
1,844,992
|
|
|
|
Prestige Auto Receivables Trust
|
|
|
|
1,440,000
|
5.71%, 05/15/2028(1)
|
1,449,512
|
|
|
985,878
|
6.55%, 07/17/2028(1)
|
988,123
|
|
|
231,966
|
Santander Bank Auto Credit-Linked Notes
5.64%, 12/15/2033(1)
|
233,671
|
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
650,000
|
4.98%, 02/15/2028
|
650,116
|
|
|
965,000
|
5.24%, 05/15/2028
|
967,128
|
|
|
1,310,000
|
5.61%, 07/17/2028
|
1,320,752
|
|
|
1,400,000
|
5.77%, 12/15/2028
|
1,417,073
|
|
|
450,000
|
5.98%, 04/16/2029
|
458,163
|
|
|
935,000
|
SBNA Auto Lease Trust 5.24%,
01/22/2029(1)
|
940,131
|
|
|
|
SFS Auto Receivables Securitization Trust
|
|
|
|
360,000
|
5.38%, 01/21/2031(1)
|
363,812
|
|
|
625,000
|
5.71%, 01/22/2030(1)
|
635,631
|
|
|
|
Tricolor Auto Securitization Trust
|
|
|
|
505
|
6.48%, 08/17/2026(1)
|
505
|
|
|
683,843
|
6.61%, 10/15/2027(1)
|
689,025
|
|
|
355,000
|
Westlake Automobile Receivables Trust
5.41%, 01/18/2028(1)
|
356,108
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Asset-Backed - Automobile - 1.9% - (continued)
|
||
|
$ 1,855,935
|
Wheels Fleet Lease Funding 1 LLC 6.46%,
08/18/2038(1)
|
$1,887,211
|
|
|
595,000
|
World Omni Auto Receivables Trust 5.03%,
05/15/2029
|
597,572
|
|
|
|
|
|
35,842,616
|
|
|
Asset-Backed - Manufactured Housing - 0.0%
|
||
|
384,030
|
Cascade MH Asset Trust 1.75%,
02/25/2046(1)
|
333,323
|
|
|
|
Asset-Backed - Student Loan - 0.1%
|
||
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
485,664
|
0.97%, 12/16/2069(1)
|
425,115
|
|
|
924,878
|
1.11%, 02/18/2070(1)
|
807,946
|
|
|
1,166,263
|
5.51%, 10/15/2071(1)
|
1,176,519
|
|
|
|
|
|
2,409,580
|
|
|
Commercial Mortgage-Backed Securities - 4.2%
|
||
|
1,549,000
|
280 Park Avenue Mortgage Trust 7.24%,
09/15/2034, 1 mo. USD Term SOFR +
2.42%(1)(2)
|
1,438,298
|
|
|
810,000
|
ARZ Trust 6.07%, 06/11/2029(1)
|
818,036
|
|
|
1,730,000
|
BAMLL Commercial Mortgage Securities
Trust 3.11%, 11/05/2032(1)
|
1,608,157
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
10,318,152
|
1.01%, 05/15/2057(3)(4)
|
795,184
|
|
|
7,346,945
|
1.11%, 09/15/2057(3)(4)
|
600,492
|
|
|
6,346,400
|
1.62%, 02/15/2057(3)(4)
|
664,514
|
|
|
530,000
|
3.66%, 04/15/2055(4)
|
478,859
|
|
|
720,000
|
5.83%, 05/15/2057
|
759,635
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
12,507,064
|
0.46%, 01/15/2055(1)(3)(4)
|
222,514
|
|
|
17,970,758
|
0.47%, 07/15/2051(3)(4)
|
234,030
|
|
|
7,471,242
|
0.53%, 01/15/2051(3)(4)
|
102,978
|
|
|
12,450,624
|
0.57%, 07/15/2056(3)(4)
|
488,058
|
|
|
4,233,926
|
1.17%, 12/15/2056(3)(4)
|
269,260
|
|
|
7,395,370
|
1.22%, 03/15/2062(3)(4)
|
329,867
|
|
|
3,625,080
|
1.51%, 01/15/2054(3)(4)
|
259,050
|
|
|
1,795,111
|
1.78%, 07/15/2053(3)(4)
|
98,219
|
|
|
2,200,000
|
3.88%, 02/15/2051(4)
|
2,105,654
|
|
|
|
BMO Mortgage Trust
|
|
|
|
9,761,140
|
0.86%, 07/15/2057(3)(4)
|
663,807
|
|
|
722,000
|
5.76%, 07/15/2057
|
754,629
|
|
|
3,230,000
|
BOCA Commercial Mortgage Trust 7.14%,
08/15/2041, 1 mo. USD Term SOFR +
2.34%(1)(2)
|
3,230,000
|
|
|
|
BPR Trust
|
|
|
|
870,000
|
5.85%, 11/05/2029(1)(4)
|
864,722
|
|
|
3,055,000
|
7.62%, 10/05/2038(1)(4)
|
3,142,294
|
|
|
1,180,000
|
8.04%, 08/15/2039, 1 mo. USD Term
SOFR + 3.23%(1)(2)
|
1,174,837
|
|
|
|
BX Trust
|
|
|
|
580,000
|
6.87%, 05/15/2035, 1 mo. USD Term
SOFR + 2.07%(1)(2)
|
578,731
|
|
|
2,350,080
|
7.26%, 08/15/2039, 1 mo. USD Term
SOFR + 2.45%(1)(2)
|
2,355,956
|
|
|
273,000
|
7.84%, 03/15/2041, 1 mo. USD Term
SOFR + 3.04%(1)(2)
|
273,512
|
|
|
785,000
|
CAMB Commercial Mortgage Trust 7.65%,
12/15/2037, 1 mo. USD Term SOFR +
2.85%(1)(2)
|
777,908
|
|
|
1,527,000
|
CD Mortgage Trust 3.63%, 02/10/2050
|
1,435,441
|
|
|
766,000
|
Citigroup Commercial Mortgage Trust
4.01%, 11/15/2049(4)
|
615,726
|
|
|
|
51
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 4.2% - (continued)
|
||
|
|
Commercial Mortgage Trust
|
|
|
|
$ 389,000
|
2.82%, 01/10/2039(1)
|
$358,257
|
|
|
700,000
|
3.18%, 02/10/2035(1)
|
672,747
|
|
|
395,000
|
3.90%, 01/10/2039(1)(4)
|
346,492
|
|
|
2,240,000
|
7.00%, 08/10/2044(1)(4)
|
2,312,367
|
|
|
10,307,167
|
CSAIL Commercial Mortgage Trust 0.68%,
06/15/2057(3)(4)
|
17,221
|
|
|
|
DBJPM Mortgage Trust
|
|
|
|
3,880,690
|
1.70%, 09/15/2053(3)(4)
|
183,918
|
|
|
2,660,000
|
2.89%, 08/10/2049
|
2,558,354
|
|
|
|
DC Trust
|
|
|
|
645,000
|
5.73%, 04/13/2040(1)(4)
|
648,639
|
|
|
320,000
|
7.04%, 04/13/2040(1)(4)
|
323,147
|
|
|
4,350,000
|
FS Commercial Mortgage Trust 7.54%,
11/10/2039(1)(4)
|
4,514,884
|
|
|
350,000
|
FS Trust 6.89%, 08/15/2039, 1 mo. USD
Term SOFR + 2.09%(1)(2)
|
350,328
|
|
|
3,290,000
|
GS Mortgage Securities Corp. II 5.70%,
03/10/2041(1)(4)
|
3,260,429
|
|
|
|
GS Mortgage Securities Trust
|
|
|
|
6,502,149
|
0.65%, 02/13/2053(3)(4)
|
165,372
|
|
|
2,000,000
|
3.05%, 05/10/2049
|
1,945,962
|
|
|
2,440,000
|
3.43%, 08/10/2050
|
2,314,185
|
|
|
228,814
|
3.63%, 11/10/2047
|
228,437
|
|
|
750,000
|
HIH Trust 7.29%, 10/15/2041, 1 mo. USD
Term SOFR + 2.34%(1)(2)
|
748,828
|
|
|
|
HTL Commercial Mortgage Trust
|
|
|
|
910,000
|
6.56%, 05/10/2039(1)(4)
|
923,593
|
|
|
500,000
|
7.09%, 05/10/2039(1)(4)
|
504,582
|
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
|
415,000
|
2.81%, 01/16/2037(1)
|
369,350
|
|
|
300,000
|
5.80%, 10/05/2039(1)(4)
|
300,934
|
|
|
2,360
|
JPMBB Commercial Mortgage Securities
Trust 3.93%, 09/15/2047
|
2,355
|
|
|
2,050,000
|
JPMCC Commercial Mortgage Securities
Trust 3.72%, 03/15/2050
|
1,979,480
|
|
|
915,000
|
LEX Mortgage Trust 4.87%, 10/13/2033(1)(4)
|
897,699
|
|
|
1,300,000
|
MF1 Ltd. 6.51%, 02/19/2037, 1 mo. USD
Term SOFR + 1.75%(1)(2)
|
1,279,940
|
|
|
665,826
|
Morgan Stanley Bank of America Merrill
Lynch Trust 3.53%, 12/15/2047
|
664,362
|
|
|
|
Morgan Stanley Capital I Trust
|
|
|
|
3,608,268
|
1.32%, 06/15/2050(3)(4)
|
77,453
|
|
|
2,460,000
|
3.91%, 09/09/2032(1)
|
2,142,426
|
|
|
1,975,643
|
MSWF Commercial Mortgage Trust 0.91%,
12/15/2056(3)(4)
|
125,155
|
|
|
1,450,000
|
NJ Trust 6.48%, 01/06/2029(1)(4)
|
1,511,940
|
|
|
1,025,000
|
ROCK Trust 5.93%, 11/13/2041(1)
|
1,031,641
|
|
|
5,550,000
|
SHR Trust 7.25%, 10/15/2041, 1 mo. USD
Term SOFR + 2.45%(1)(2)
|
5,556,923
|
|
|
2,680,000
|
TYSN Mortgage Trust 6.58%,
12/10/2033(1)(4)
|
2,773,297
|
|
|
13,194,797
|
Wells Fargo Commercial Mortgage Trust
1.00%, 08/15/2057(3)(4)
|
1,010,512
|
|
|
|
Wells Fargo NA
|
|
|
|
11,266,133
|
0.42%, 02/15/2055(3)(4)
|
283,303
|
|
|
5,641,625
|
0.59%, 11/15/2062(3)(4)
|
143,084
|
|
|
13,902,547
|
0.63%, 11/15/2062(3)(4)
|
392,811
|
|
|
15,192,670
|
0.69%, 02/15/2061(3)(4)
|
287,123
|
|
|
5,717,063
|
0.71%, 11/15/2050(3)(4)
|
100,472
|
|
|
3,471,919
|
0.75%, 11/15/2054(3)(4)
|
66,036
|
|
|
9,836,834
|
0.82%, 06/15/2057(3)(4)
|
597,207
|
|
|
10,435,245
|
0.87%, 01/15/2063(3)(4)
|
372,420
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 4.2% - (continued)
|
||
|
$ 3,414,354
|
0.88%, 05/15/2062(3)(4)
|
$110,880
|
|
|
8,974,448
|
1.00%, 02/15/2056(3)(4)
|
532,399
|
|
|
2,540,548
|
1.00%, 12/15/2056(3)(4)
|
89,128
|
|
|
12,413,000
|
1.35%, 09/15/2034(3)(4)
|
1,101,265
|
|
|
7,105,055
|
1.76%, 03/15/2063(3)(4)
|
575,199
|
|
|
1,790,000
|
3.44%, 09/15/2060
|
1,716,077
|
|
|
2,045,000
|
5.72%, 06/15/2057
|
2,138,204
|
|
|
128,500
|
WFRBS Commercial Mortgage Trust 3.61%,
11/15/2047
|
128,202
|
|
|
|
|
|
77,875,387
|
|
|
Other Asset-Backed Securities - 6.1%
|
||
|
107,115
|
AASET Trust 3.35%, 01/16/2040(1)
|
102,837
|
|
|
|
Affirm Asset Securitization Trust
|
|
|
|
3,400,000
|
4.62%, 09/15/2029(1)
|
3,374,183
|
|
|
1,035,000
|
5.61%, 02/15/2029(1)
|
1,042,539
|
|
|
895,000
|
6.61%, 01/18/2028(1)
|
897,620
|
|
|
|
Aligned Data Centers Issuer LLC
|
|
|
|
970,000
|
1.94%, 08/15/2046(1)
|
916,072
|
|
|
1,420,000
|
6.00%, 08/17/2048(1)
|
1,438,440
|
|
|
|
AMSR Trust
|
|
|
|
3,625,000
|
2.12%, 12/17/2038(1)
|
3,431,143
|
|
|
1,405,000
|
4.15%, 11/17/2041(1)
|
1,340,903
|
|
|
505,000
|
Amur Equipment Finance Receivables
XIII LLC 5.37%, 01/21/2031(1)
|
509,900
|
|
|
2,340,000
|
Apidos CLO XL Ltd. 6.01%, 07/15/2037,
3 mo. USD Term SOFR + 1.35%(1)(2)
|
2,346,496
|
|
|
2,795,000
|
Ares XLIII CLO Ltd. 6.62%, 07/15/2034,
3 mo. USD Term SOFR + 1.96%(1)(2)
|
2,796,199
|
|
|
1,260,000
|
Auxilior Term Funding LLC 5.49%,
07/15/2031(1)
|
1,275,717
|
|
|
2,085,000
|
Barings CLO Ltd. 6.72%, 01/20/2037, 3 mo.
USD Term SOFR + 2.10%(1)(2)
|
2,102,662
|
|
|
1,300,000
|
Benefit Street Partners CLO XXXI Ltd.
6.98%, 04/25/2036, 3 mo. USD Term
SOFR + 2.35%(1)(2)
|
1,308,910
|
|
|
37,477
|
BHG Securitization Trust 0.90%,
10/17/2034(1)
|
37,226
|
|
|
400,000
|
Blue Owl Asset Leasing Trust LLC 5.41%,
03/15/2030(1)
|
399,984
|
|
|
3,730,000
|
CBAM Ltd. 6.76%, 07/17/2034, 3 mo. USD
Term SOFR + 2.11%(1)(2)
|
3,740,500
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
254,461
|
1.53%, 03/15/2061(1)
|
238,372
|
|
|
597,632
|
1.69%, 07/15/2060(1)
|
578,898
|
|
|
193,202
|
1.98%, 03/15/2061(1)
|
177,861
|
|
|
831,602
|
1.99%, 07/15/2060(1)
|
745,514
|
|
|
384,012
|
5.97%, 08/15/2062(1)
|
383,391
|
|
|
337,279
|
Cirrus Funding Ltd. 4.80%, 01/25/2037(1)
|
334,326
|
|
|
1,271,385
|
Commercial Equipment Finance LLC
5.97%, 07/16/2029(1)
|
1,283,122
|
|
|
760,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
770,780
|
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
|
4,554,217
|
2.66%, 04/25/2051(1)
|
4,117,723
|
|
|
3,628,397
|
3.15%, 04/25/2051(1)
|
3,176,471
|
|
|
667,200
|
3.67%, 10/25/2049(1)
|
619,099
|
|
|
47,375
|
4.12%, 07/25/2048(1)
|
46,955
|
|
|
2,070,000
|
Elmwood CLO 19 Ltd. 7.05%, 10/17/2036,
3 mo. USD Term SOFR + 2.40%(1)(2)
|
2,089,425
|
|
|
1,215,000
|
Elmwood CLO 23 Ltd. 6.90%, 04/16/2036,
3 mo. USD Term SOFR + 2.25%(1)(2)
|
1,221,051
|
|
|
|
FirstKey Homes Trust
|
|
|
|
1,954,711
|
1.38%, 09/17/2038(1)
|
1,832,394
|
|
|
1,517,072
|
2.14%, 12/17/2038(1)
|
1,439,999
|
|
|
|
52
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 6.1% - (continued)
|
||
|
$ 668,338
|
4.15%, 05/19/2039(1)
|
$653,716
|
|
|
2,481,773
|
4.25%, 07/17/2039(1)
|
2,430,707
|
|
|
950,000
|
GoldenTree Loan Management U.S. CLO 15
Ltd. 7.02%, 10/20/2036, 3 mo. USD Term
SOFR + 2.40%(1)(2)
|
959,204
|
|
|
1,160,000
|
Golub Capital Partners CLO 68B Ltd.
7.43%, 07/25/2036, 3 mo. USD Term
SOFR + 2.80%(1)(2)
|
1,172,467
|
|
|
450,000
|
GreatAmerica Leasing Receivables
Funding LLC 5.18%, 12/16/2030(1)
|
453,651
|
|
|
780,000
|
Invesco U.S. CLO Ltd. 6.92%, 04/21/2036,
3 mo. USD Term SOFR + 2.30%(1)(2)
|
783,743
|
|
|
1,455,000
|
Madison Park Funding LXVII Ltd. 6.14%,
04/25/2037, 3 mo. USD Term SOFR +
1.51%(1)(2)
|
1,462,279
|
|
|
3,580,000
|
New Economy Assets Phase 1
Sponsor LLC 1.91%, 10/20/2061(1)
|
3,271,174
|
|
|
89,096
|
NRZ Excess Spread-Collateralized Notes
3.84%, 12/25/2025(1)
|
87,256
|
|
|
4,565,000
|
OCP CLO Ltd. 0.00%, 10/20/2037, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
4,565,803
|
|
|
1,695,000
|
Octagon 61 Ltd. 6.97%, 04/20/2036, 3 mo.
USD Term SOFR + 2.35%(1)(2)
|
1,698,195
|
|
|
|
Progress Residential Trust
|
|
|
|
1,699,764
|
1.51%, 10/17/2038(1)
|
1,610,079
|
|
|
620,556
|
3.20%, 04/17/2039(1)
|
595,261
|
|
|
1,735,902
|
4.44%, 05/17/2041(1)
|
1,691,202
|
|
|
441,533
|
4.45%, 06/17/2039(1)
|
436,338
|
|
|
745,422
|
4.75%, 10/27/2039(1)
|
739,765
|
|
|
2,610,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
2,575,814
|
|
|
2,010,000
|
RR 1 LLC 6.07%, 07/15/2035, 3 mo. USD
Term SOFR + 1.41%(1)(2)
|
2,013,399
|
|
|
2,950,000
|
RR 23 Ltd. 7.31%, 10/15/2035, 3 mo. USD
Term SOFR + 2.65%(1)(2)
|
2,962,847
|
|
|
1,185,000
|
RR 26 Ltd. 6.91%, 04/15/2038, 3 mo. USD
Term SOFR + 2.25%(1)(2)
|
1,186,216
|
|
|
149,514
|
Sapphire Aviation Finance II Ltd. 3.23%,
03/15/2040(1)
|
139,051
|
|
|
|
SCF Equipment Leasing LLC
|
|
|
|
955,000
|
5.56%, 04/20/2032(1)
|
971,679
|
|
|
1,548,742
|
6.56%, 01/22/2030(1)
|
1,573,092
|
|
|
118,631
|
Sound Point CLO II Ltd. 5.95%, 01/26/2031,
3 mo. USD Term SOFR + 1.33%(1)(2)
|
118,660
|
|
|
2,270,000
|
Sound Point CLO XXIX Ltd. 5.96%,
04/25/2034, 3 mo. USD Term SOFR +
1.33%(1)(2)
|
2,270,123
|
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
|
310,000
|
1.89%, 08/25/2045(1)
|
301,609
|
|
|
1,480,000
|
5.90%, 07/25/2048(1)
|
1,498,934
|
|
|
855,000
|
5.90%, 03/25/2049(1)
|
862,733
|
|
|
882,788
|
Subway Funding LLC 6.03%, 07/30/2054(1)
|
889,088
|
|
|
490,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
472,479
|
|
|
830,048
|
Sunnova Hestia II Issuer LLC 5.63%,
07/20/2051(1)
|
833,547
|
|
|
2,590,000
|
Symphony CLO XXV Ltd. 5.86%,
04/19/2034, 3 mo. USD Term SOFR +
1.24%(1)(2)
|
2,587,923
|
|
|
1,675,162
|
Taco Bell Funding LLC 2.54%, 08/25/2051(1)
|
1,396,148
|
|
|
1,445,000
|
Texas Debt Capital CLO Ltd. 6.92%,
04/20/2036, 3 mo. USD Term SOFR +
2.30%(1)(2)
|
1,451,909
|
|
|
|
Tricon Residential Trust
|
|
|
|
2,100,000
|
4.30%, 11/17/2029(1)
|
2,015,817
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 6.1% - (continued)
|
||
|
$ 639,602
|
4.75%, 06/17/2040(1)
|
$631,950
|
|
|
|
Vantage Data Centers Issuer LLC
|
|
|
|
1,115,000
|
1.65%, 09/15/2045(1)
|
1,080,478
|
|
|
3,795,000
|
5.10%, 09/15/2054(1)
|
3,708,349
|
|
|
1,890,000
|
Vantage Data Centers LLC 1.99%,
09/15/2045(1)
|
1,713,241
|
|
|
1,865,000
|
VB-S1 Issuer LLC 5.59%, 05/15/2054(1)
|
1,876,319
|
|
|
2,270,000
|
Venture 42 CLO Ltd. 6.05%, 04/15/2034,
3 mo. USD Term SOFR + 1.39%(1)(2)
|
2,271,895
|
|
|
1,817,673
|
Wellfleet CLO X Ltd. 6.05%, 07/20/2032,
3 mo. USD Term SOFR + 1.43%(1)(2)
|
1,817,218
|
|
|
|
Wendy's Funding LLC
|
|
|
|
2,089,012
|
2.37%, 06/15/2051(1)
|
1,856,167
|
|
|
3,215,958
|
2.78%, 06/15/2051(1)
|
2,739,407
|
|
|
1,060,114
|
3.88%, 03/15/2048(1)
|
1,014,971
|
|
|
674,725
|
Wingstop Funding LLC 2.84%,
12/05/2050(1)
|
625,728
|
|
|
|
|
|
114,184,343
|
|
|
Whole Loan Collateral CMO - 5.6%
|
||
|
290,834
|
Ajax Mortgage Loan Trust 5.12%,
01/25/2061(1)(5)
|
287,118
|
|
|
|
Angel Oak Mortgage Trust
|
|
|
|
433,173
|
0.91%, 01/25/2066(1)(4)
|
370,189
|
|
|
1,057,931
|
0.95%, 07/25/2066(1)(4)
|
886,889
|
|
|
225,487
|
0.99%, 04/25/2053(1)(4)
|
212,164
|
|
|
412,070
|
0.99%, 04/25/2066(1)(4)
|
351,422
|
|
|
2,549,464
|
1.07%, 05/25/2066(1)(4)
|
2,167,227
|
|
|
432,660
|
1.24%, 01/20/2065(1)(4)
|
355,960
|
|
|
2,003,381
|
1.46%, 09/25/2066(1)(4)
|
1,659,034
|
|
|
779,607
|
1.82%, 11/25/2066(1)(4)
|
678,973
|
|
|
4,585,782
|
2.88%, 12/25/2066(1)(5)
|
4,195,036
|
|
|
33,077
|
Bear Stearns ARM Trust 6.71%,
08/25/2035(4)
|
31,951
|
|
|
510,725
|
BINOM Securitization Trust 2.03%,
06/25/2056(1)(4)
|
446,313
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
242,862
|
0.94%, 02/25/2049(1)(4)
|
217,694
|
|
|
194,092
|
0.97%, 03/25/2060(1)(4)
|
184,095
|
|
|
1,277,834
|
5.11%, 07/25/2062(1)(4)
|
1,270,492
|
|
|
2,151,093
|
CHNGE Mortgage Trust 3.76%,
03/25/2067(1)(4)
|
2,038,967
|
|
|
45,172
|
Citigroup Mortgage Loan Trust, Inc. 3.25%,
03/25/2061(1)(4)
|
43,705
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
179,256
|
0.80%, 07/27/2054(1)
|
157,009
|
|
|
687,997
|
0.91%, 06/25/2066(1)(4)
|
577,958
|
|
|
3,253,503
|
0.96%, 09/27/2066(1)(4)
|
2,615,644
|
|
|
852,624
|
1.34%, 08/25/2066(1)(4)
|
704,005
|
|
|
3,480,101
|
1.40%, 10/25/2066(1)(4)
|
2,877,532
|
|
|
2,110,086
|
2.28%, 12/27/2066(1)(4)
|
1,880,737
|
|
|
360,509
|
4.30%, 03/25/2067(1)(4)
|
353,417
|
|
|
|
CSMC Trust
|
|
|
|
172,513
|
0.81%, 05/25/2065(1)(4)
|
153,152
|
|
|
481,895
|
0.83%, 03/25/2056(1)(4)
|
392,749
|
|
|
642,874
|
0.94%, 05/25/2066(1)(4)
|
530,335
|
|
|
1,011,122
|
1.10%, 05/25/2066(1)(4)
|
857,398
|
|
|
800,107
|
1.18%, 02/25/2066(1)(4)
|
699,794
|
|
|
853,330
|
1.84%, 10/25/2066(1)(4)
|
743,528
|
|
|
2,447,002
|
2.27%, 11/25/2066(1)(4)
|
2,161,089
|
|
|
431,669
|
4.09%, 12/27/2060(1)(4)
|
426,192
|
|
|
274,937
|
Deephaven Residential Mortgage Trust
0.90%, 04/25/2066(1)(4)
|
241,745
|
|
|
|
53
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 5.6% - (continued)
|
||
|
|
Ellington Financial Mortgage Trust
|
|
|
|
$ 101,374
|
0.80%, 02/25/2066(1)(4)
|
$86,465
|
|
|
298,855
|
0.93%, 06/25/2066(1)(4)
|
245,491
|
|
|
2,271,510
|
2.21%, 01/25/2067(1)(4)
|
1,952,951
|
|
|
|
Federal Home Loan Mortgage Corp.
Seasoned Credit Risk Transfer Trust
|
|
|
|
587,858
|
2.50%, 08/25/2059
|
480,800
|
|
|
254,328
|
3.50%, 08/25/2057(4)
|
243,786
|
|
|
467,880
|
3.50%, 11/25/2057
|
431,158
|
|
|
1,249,573
|
3.50%, 07/25/2058
|
1,137,690
|
|
|
249,071
|
3.50%, 08/25/2058
|
228,710
|
|
|
219,872
|
3.50%, 08/26/2058
|
209,104
|
|
|
1,687,948
|
3.50%, 10/25/2058
|
1,526,824
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
430,000
|
6.66%, 01/25/2044, 30 day USD SOFR
Average + 1.80%(1)(2)
|
433,165
|
|
|
615,000
|
6.66%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(2)
|
618,440
|
|
|
55,158
|
7.12%, 11/25/2039, 30 day USD SOFR
Average + 2.26%(1)(2)
|
55,456
|
|
|
65,330
|
7.17%, 08/25/2030, 30 day USD SOFR
Average + 2.31%(2)
|
67,064
|
|
|
80,924
|
7.32%, 01/25/2031, 30 day USD SOFR
Average + 2.46%(2)
|
83,007
|
|
|
555,800
|
7.96%, 10/25/2041, 30 day USD SOFR
Average + 3.10%(1)(2)
|
570,544
|
|
|
792,000
|
7.96%, 06/25/2043, 30 day USD SOFR
Average + 3.10%(1)(2)
|
827,999
|
|
|
1,309,000
|
8.01%, 12/25/2041, 30 day USD SOFR
Average + 3.15%(1)(2)
|
1,341,725
|
|
|
255,716
|
8.52%, 07/25/2029, 30 day USD SOFR
Average + 3.66%(2)
|
263,373
|
|
|
212,785
|
9.32%, 05/25/2029, 30 day USD SOFR
Average + 4.46%(2)
|
221,296
|
|
|
2,955,000
|
9.36%, 01/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
3,117,000
|
|
|
|
GCAT Trust
|
|
|
|
499,500
|
0.87%, 01/25/2066(1)(4)
|
417,911
|
|
|
588,935
|
1.04%, 05/25/2066(1)(4)
|
489,004
|
|
|
795,060
|
1.09%, 05/25/2066(1)(4)
|
677,614
|
|
|
1,173,330
|
1.09%, 08/25/2066(1)(4)
|
954,082
|
|
|
555,002
|
1.92%, 08/25/2066(1)(4)
|
506,601
|
|
|
|
Imperial Fund Mortgage Trust
|
|
|
|
632,906
|
1.07%, 09/25/2056(1)(4)
|
520,093
|
|
|
2,368,168
|
3.64%, 03/25/2067(1)(5)
|
2,189,563
|
|
|
|
Legacy Mortgage Asset Trust
|
|
|
|
308,367
|
4.65%, 11/25/2060(1)(5)
|
301,440
|
|
|
411,301
|
4.75%, 04/25/2061(1)(5)
|
403,674
|
|
|
582,840
|
4.75%, 07/25/2061(1)(5)
|
580,090
|
|
|
467,073
|
MetLife Securitization Trust 3.75%,
03/25/2057(1)(4)
|
445,061
|
|
|
|
MFA Trust
|
|
|
|
57,207
|
1.01%, 01/26/2065(1)(4)
|
53,085
|
|
|
449,437
|
1.03%, 11/25/2064(1)(4)
|
390,781
|
|
|
285,171
|
1.15%, 04/25/2065(1)(4)
|
258,652
|
|
|
3,325
|
Mill City Mortgage Loan Trust 2.75%,
01/25/2061(1)(4)
|
3,297
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
362,757
|
0.94%, 07/25/2055(1)(4)
|
328,640
|
|
|
220,311
|
0.94%, 10/25/2058(1)(4)
|
210,848
|
|
|
2,400,092
|
1.16%, 11/27/2056(1)(4)
|
2,084,877
|
|
|
2,183,994
|
2.28%, 04/25/2061(1)(4)
|
1,888,966
|
|
|
385,076
|
3.50%, 12/25/2057(1)(4)
|
369,825
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 5.6% - (continued)
|
||
|
$ 307,563
|
3.82%, 09/25/2057(1)(4)
|
$285,145
|
|
|
240,196
|
4.00%, 04/25/2057(1)(4)
|
230,106
|
|
|
256,042
|
4.00%, 08/27/2057(1)(4)
|
243,626
|
|
|
102,758
|
5.60%, 01/25/2048, 1 mo. USD Term
SOFR + 0.86%(1)(2)
|
100,649
|
|
|
1,243,778
|
NMLT Trust 1.19%, 05/25/2056(1)(4)
|
1,049,747
|
|
|
|
OBX Trust
|
|
|
|
808,146
|
1.05%, 07/25/2061(1)(4)
|
651,022
|
|
|
765,299
|
1.07%, 02/25/2066(1)(4)
|
672,013
|
|
|
999,151
|
1.96%, 10/25/2061(1)(4)
|
834,527
|
|
|
1,919,734
|
2.31%, 11/25/2061(1)(4)
|
1,692,804
|
|
|
|
PRET LLC
|
|
|
|
556,334
|
4.74%, 07/25/2051(1)(5)
|
549,944
|
|
|
587,109
|
4.87%, 07/25/2051(1)(5)
|
581,293
|
|
|
2,520,000
|
5.93%, 10/25/2054(1)(5)
|
2,506,740
|
|
|
650,000
|
5.93%, 10/25/2054(1)(5)
|
650,317
|
|
|
440,000
|
5.96%, 09/25/2054(1)(5)
|
433,671
|
|
|
4,240,452
|
7.52%, 04/27/2054(1)(5)
|
4,277,725
|
|
|
663,029
|
Pretium Mortgage Credit Partners I LLC
4.99%, 06/27/2060(1)(5)
|
657,101
|
|
|
1,040,570
|
Pretium Mortgage Credit Partners LLC
4.99%, 02/25/2061(1)(5)
|
1,019,838
|
|
|
|
PRPM LLC
|
|
|
|
281,089
|
1.32%, 07/25/2051(1)(5)
|
257,680
|
|
|
774,261
|
4.79%, 06/25/2026(1)(5)
|
757,962
|
|
|
626,772
|
4.79%, 07/25/2026(1)(5)
|
617,679
|
|
|
1,112,298
|
4.87%, 04/25/2026(1)(5)
|
1,089,617
|
|
|
156,818
|
5.36%, 11/25/2025(1)(5)
|
156,914
|
|
|
1,266,450
|
5.36%, 10/25/2026(1)(5)
|
1,259,232
|
|
|
604,185
|
5.49%, 10/25/2026(1)(5)
|
601,333
|
|
|
605,000
|
5.70%, 11/25/2029(1)(5)
|
604,736
|
|
|
167,687
|
Residential Mortgage Loan Trust 0.86%,
01/25/2065(1)(4)
|
159,209
|
|
|
1,152,332
|
SG Residential Mortgage Trust 1.16%,
07/25/2061(1)(4)
|
950,621
|
|
|
1,401,435
|
STAR Trust 1.22%, 05/25/2065(1)(4)
|
1,296,581
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
180,968
|
0.94%, 05/25/2065(1)(4)
|
167,823
|
|
|
944,558
|
1.13%, 06/25/2056(1)(4)
|
796,030
|
|
|
1,284,850
|
1.92%, 11/25/2066(1)(4)
|
1,107,243
|
|
|
|
Towd Point Mortgage Trust
|
|
|
|
635,852
|
1.75%, 10/25/2060(1)
|
568,080
|
|
|
664,601
|
2.90%, 10/25/2059(1)(4)
|
630,259
|
|
|
1,967,542
|
2.92%, 11/30/2060(1)(4)
|
1,631,104
|
|
|
384,167
|
3.25%, 03/25/2058(1)(4)
|
376,033
|
|
|
48,375
|
3.25%, 07/25/2058(1)(4)
|
47,393
|
|
|
33,866
|
3.75%, 05/25/2058(1)(4)
|
32,872
|
|
|
445,401
|
TRK Trust 1.15%, 07/25/2056(1)(4)
|
387,903
|
|
|
|
VCAT LLC
|
|
|
|
17,434
|
4.74%, 05/25/2051(1)(5)
|
17,031
|
|
|
1,343,236
|
4.87%, 08/25/2051(1)(5)
|
1,338,959
|
|
|
29,080
|
5.12%, 03/27/2051(1)(5)
|
29,044
|
|
|
|
Verus Securitization Trust
|
|
|
|
102,693
|
0.82%, 10/25/2063(1)(4)
|
96,416
|
|
|
330,250
|
0.92%, 02/25/2064(1)(4)
|
299,208
|
|
|
1,808,286
|
0.94%, 07/25/2066(1)(4)
|
1,480,721
|
|
|
4,178,299
|
1.01%, 09/25/2066(1)(4)
|
3,507,356
|
|
|
297,785
|
1.03%, 02/25/2066(1)(4)
|
264,966
|
|
|
846,552
|
1.82%, 11/25/2066(1)(4)
|
756,166
|
|
|
1,791,782
|
1.83%, 10/25/2066(1)(5)
|
1,579,378
|
|
|
1,479,830
|
2.72%, 01/25/2067(1)(5)
|
1,347,047
|
|
|
2,466,825
|
3.80%, 04/25/2067(1)(5)
|
2,323,255
|
|
|
1,262,721
|
4.13%, 02/25/2067(1)(5)
|
1,191,287
|
|
|
303,989
|
VOLT C LLC 4.99%, 05/25/2051(1)(5)
|
301,374
|
|
|
|
54
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 5.6% - (continued)
|
||
|
$ 825,339
|
VOLT CII LLC 4.87%, 08/25/2051(1)(5)
|
$817,715
|
|
|
406,120
|
VOLT XCIII LLC 4.89%, 02/27/2051(1)(5)
|
404,833
|
|
|
357,086
|
VOLT XCIV LLC 5.24%, 02/27/2051(1)(5)
|
355,591
|
|
|
468,168
|
VOLT XCIX LLC 5.12%, 04/25/2051(1)(5)
|
463,664
|
|
|
354,582
|
VOLT XCV LLC 5.24%, 03/27/2051(1)(5)
|
351,943
|
|
|
396,401
|
VOLT XCVII LLC 5.24%, 04/25/2051(1)(5)
|
395,146
|
|
|
|
|
|
105,239,337
|
|
|
Total Asset & Commercial
Mortgage-Backed Securities
(cost $344,959,404)
|
$335,884,586
|
|
|
CORPORATE BONDS - 24.5%
|
|||
|
|
Advertising - 0.1%
|
||
|
|
Lamar Media Corp.
|
|
|
|
2,745,000
|
3.63%, 01/15/2031
|
$2,449,913
|
|
|
80,000
|
4.88%, 01/15/2029
|
77,784
|
|
|
|
|
|
2,527,697
|
|
|
Aerospace/Defense - 0.2%
|
||
|
1,025,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
1,034,594
|
|
|
|
Boeing Co.
|
|
|
|
340,000
|
2.95%, 02/01/2030
|
301,024
|
|
|
230,000
|
3.20%, 03/01/2029
|
210,177
|
|
|
230,000
|
3.75%, 02/01/2050
|
160,116
|
|
|
580,000
|
5.15%, 05/01/2030
|
572,424
|
|
|
|
L3Harris Technologies, Inc.
|
|
|
|
515,000
|
5.05%, 06/01/2029
|
519,078
|
|
|
1,245,000
|
5.35%, 06/01/2034
|
1,259,631
|
|
|
26,000
|
5.40%, 07/31/2033
|
26,379
|
|
|
|
Northrop Grumman Corp.
|
|
|
|
505,000
|
5.15%, 05/01/2040
|
493,664
|
|
|
75,000
|
5.20%, 06/01/2054
|
72,798
|
|
|
|
|
|
4,649,885
|
|
|
Agriculture - 0.3%
|
||
|
|
BAT Capital Corp.
|
|
|
|
181,000
|
2.26%, 03/25/2028
|
166,069
|
|
|
26,700
|
3.56%, 08/15/2027
|
25,895
|
|
|
860,000
|
5.83%, 02/20/2031
|
887,190
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
25,000
|
1.75%, 11/01/2030
|
20,903
|
|
|
300,000
|
3.25%, 11/10/2024
|
299,775
|
|
|
50,000
|
3.38%, 08/15/2029
|
47,098
|
|
|
310,000
|
4.75%, 11/01/2031
|
305,093
|
|
|
182,000
|
4.88%, 11/15/2043
|
168,065
|
|
|
305,000
|
5.13%, 11/17/2027
|
309,224
|
|
|
1,280,000
|
5.13%, 02/15/2030
|
1,295,773
|
|
|
680,000
|
5.13%, 02/13/2031
|
686,316
|
|
|
85,000
|
5.25%, 02/13/2034
|
85,222
|
|
|
85,000
|
5.38%, 02/15/2033
|
86,157
|
|
|
1,285,000
|
5.63%, 09/07/2033
|
1,324,929
|
|
|
|
|
|
5,707,709
|
|
|
Apparel - 0.2%
|
||
|
410,000
|
Hanesbrands, Inc. 4.88%, 05/15/2026(1)
|
405,032
|
|
|
|
Tapestry, Inc.
|
|
|
|
302,000
|
7.05%, 11/27/2025
|
306,600
|
|
|
625,000
|
7.35%, 11/27/2028
|
638,248
|
|
|
188,000
|
7.70%, 11/27/2030
|
191,892
|
|
|
1,904,000
|
William Carter Co. 5.63%, 03/15/2027(1)
|
1,892,828
|
|
|
|
|
|
3,434,600
|
|
|
Beverages - 0.0%
|
||
|
100,000
|
Bacardi Ltd./Bacardi-Martini BV 5.25%,
01/15/2029(1)
|
100,430
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Biotechnology - 0.2%
|
||
|
|
Amgen, Inc.
|
|
|
|
$ 125,000
|
4.40%, 05/01/2045
|
$106,748
|
|
|
1,288,000
|
5.25%, 03/02/2033
|
1,301,294
|
|
|
|
Royalty Pharma PLC
|
|
|
|
107,000
|
1.20%, 09/02/2025
|
103,762
|
|
|
1,849,000
|
2.15%, 09/02/2031
|
1,532,269
|
|
|
730,000
|
2.20%, 09/02/2030
|
623,520
|
|
|
85,000
|
3.30%, 09/02/2040
|
62,916
|
|
|
565,000
|
5.15%, 09/02/2029
|
568,426
|
|
|
|
|
|
4,298,935
|
|
|
Chemicals - 0.2%
|
||
|
790,000
|
Braskem Netherlands Finance BV 8.00%,
10/15/2034(1)
|
788,025
|
|
|
|
Celanese U.S. Holdings LLC
|
|
|
|
760,000
|
6.17%, 07/15/2027
|
777,232
|
|
|
546,000
|
6.33%, 07/15/2029
|
564,683
|
|
|
40,000
|
6.35%, 11/15/2028
|
41,369
|
|
|
800,000
|
6.55%, 11/15/2030
|
838,295
|
|
|
1,500,000
|
OCP SA 6.75%, 05/02/2034(1)
|
1,563,750
|
|
|
|
|
|
4,573,354
|
|
|
Commercial Banks - 6.1%
|
||
|
1,000,000
|
ABN AMRO Bank NV 6.34%, 09/18/2027,
(6.34% fixed rate until 09/18/2026; 1 yr.
USD CMT + 1.65% thereafter)(1)(6)
|
1,025,591
|
|
|
EUR
500,000
|
Banca Comerciala Romana SA 7.63%,
05/19/2027, (7.63% fixed rate until
05/19/2026; 3 mo. EURIBOR + 4.54%
thereafter)(6)(7)
|
571,671
|
|
|
1,085,000
|
Banca Transilvania SA 8.88%, 04/27/2027,
(8.88% fixed rate until 04/27/2026; 1 yr.
EURIBOR ICE Swap + 5.58%
thereafter)(6)(7)
|
1,247,134
|
|
|
$ 1,200,000
|
Banco Santander SA 5.44%, 07/15/2031
|
1,219,481
|
|
|
|
Bank of America Corp.
|
|
|
|
222,000
|
1.32%, 06/19/2026, (1.32% fixed rate
until 06/19/2025; 6 mo. USD SOFR +
1.15% thereafter)(6)
|
216,819
|
|
|
200,000
|
1.66%, 03/11/2027, (1.66% fixed rate
until 03/11/2026; 6 mo. USD SOFR +
0.91% thereafter)(6)
|
191,610
|
|
|
1,805,000
|
1.90%, 07/23/2031, (1.90% fixed rate
until 07/23/2030; 6 mo. USD SOFR +
1.53% thereafter)(6)
|
1,525,488
|
|
|
1,200,000
|
1.92%, 10/24/2031, (1.92% fixed rate
until 10/24/2030; 6 mo. USD SOFR +
1.37% thereafter)(6)
|
1,005,685
|
|
|
125,000
|
2.09%, 06/14/2029, (2.09% fixed rate
until 06/14/2028; 6 mo. USD SOFR +
1.06% thereafter)(6)
|
113,382
|
|
|
50,000
|
2.30%, 07/21/2032, (2.30% fixed rate
until 07/21/2031; 6 mo. USD SOFR +
1.22% thereafter)(6)
|
42,000
|
|
|
1,130,000
|
2.48%, 09/21/2036, (2.48% fixed rate
until 09/21/2031; 5 yr. USD CMT +
1.20% thereafter)(6)
|
926,877
|
|
|
1,727,000
|
2.50%, 02/13/2031, (2.50% fixed rate
until 02/13/2030; 3 mo. USD Term
SOFR + 1.25% thereafter)(6)
|
1,527,000
|
|
|
785,000
|
2.59%, 04/29/2031, (2.59% fixed rate
until 04/29/2030; 6 mo. USD SOFR +
2.15% thereafter)(6)
|
693,639
|
|
|
|
55
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 2,735,000
|
2.69%, 04/22/2032, (2.69% fixed rate
until 04/22/2031; 6 mo. USD SOFR +
1.32% thereafter)(6)
|
$2,371,750
|
|
|
1,254,000
|
2.97%, 02/04/2033, (2.97% fixed rate
until 02/04/2032; 6 mo. USD SOFR +
1.33% thereafter)(6)
|
1,087,899
|
|
|
25,000
|
3.37%, 01/23/2026, (3.37% fixed rate
until 01/23/2025; 3 mo. USD Term
SOFR + 1.07% thereafter)(6)
|
24,885
|
|
|
25,000
|
4.44%, 01/20/2048, (4.44% fixed rate
until 01/20/2047; 3 mo. USD Term
SOFR + 2.25% thereafter)(6)
|
21,832
|
|
|
150,000
|
5.47%, 01/23/2035, (5.47% fixed rate
until 01/23/2034; 6 mo. USD SOFR +
1.65% thereafter)(6)
|
152,230
|
|
|
1,590,000
|
5.52%, 10/25/2035, (5.52% fixed rate
until 10/25/2034; 6 mo. USD SOFR +
1.74% thereafter)(6)
|
1,578,112
|
|
|
1,157,000
|
5.93%, 09/15/2027, (5.93% fixed rate
until 09/15/2026; 6 mo. USD SOFR +
1.34% thereafter)(6)
|
1,181,523
|
|
|
|
Bank of Ireland Group PLC
|
|
|
|
2,215,000
|
5.60%, 03/20/2030, (5.60% fixed rate
until 03/20/2029; 6 mo. USD SOFR +
1.62% thereafter)(1)(6)
|
2,253,887
|
|
|
2,850,000
|
6.25%, 09/16/2026, (6.25% fixed rate
until 09/16/2025; 1 yr. USD CMT +
2.65% thereafter)(1)(6)
|
2,875,198
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
300,000
|
4.60%, 07/26/2030, (4.60% fixed rate
until 07/26/2029; 6 mo. USD SOFR +
1.76% thereafter)(6)
|
297,098
|
|
|
650,000
|
4.98%, 03/14/2030, (4.98% fixed rate
until 03/14/2029; 6 mo. USD SOFR +
1.09% thereafter)(6)
|
654,708
|
|
|
925,000
|
5.06%, 07/22/2032, (5.06% fixed rate
until 07/22/2031; 6 mo. USD SOFR +
1.23% thereafter)(6)
|
928,815
|
|
|
958,000
|
5.19%, 03/14/2035, (5.19% fixed rate
until 03/14/2034; 6 mo. USD SOFR +
1.42% thereafter)(6)
|
960,956
|
|
|
815,000
|
6.32%, 10/25/2029, (6.32% fixed rate
until 10/25/2028; 6 mo. USD SOFR +
1.60% thereafter)(6)
|
860,424
|
|
|
|
Barclays PLC
|
|
|
|
1,050,000
|
4.94%, 09/10/2030, (4.94% fixed rate
until 09/10/2029; 6 mo. USD SOFR +
1.56% thereafter)(6)
|
1,038,214
|
|
|
605,000
|
5.34%, 09/10/2035, (5.34% fixed rate
until 09/10/2034; 6 mo. USD SOFR +
1.91% thereafter)(6)
|
592,791
|
|
|
920,000
|
5.69%, 03/12/2030, (5.69% fixed rate
until 03/12/2029; 6 mo. USD SOFR +
1.74% thereafter)(6)
|
936,353
|
|
|
|
BPCE SA
|
|
|
|
320,000
|
5.72%, 01/18/2030, (5.72% fixed rate
until 01/18/2029; 6 mo. USD SOFR +
1.96% thereafter)(1)(6)
|
324,722
|
|
|
500,000
|
5.75%, 07/19/2033, (5.75% fixed rate
until 07/19/2032; 6 mo. USD SOFR +
2,87% thereafter)(1)(6)
|
504,611
|
|
|
355,000
|
5.94%, 05/30/2035, (5.94% fixed rate
until 05/30/2034; 6 mo. USD SOFR +
1.85% thereafter)(1)(6)
|
361,186
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 250,000
|
5.98%, 01/18/2027, (5.98% fixed rate
until 01/18/2026; 6 mo. USD SOFR +
2.10% thereafter)(1)(6)
|
$252,361
|
|
|
2,140,000
|
6.51%, 01/18/2035, (6.51% fixed rate
until 01/18/2034; 6 mo. USD SOFR +
2.79% thereafter)(1)(6)
|
2,198,374
|
|
|
2,515,000
|
6.71%, 10/19/2029, (6.71% fixed rate
until 10/19/2028; 6 mo. USD SOFR +
2.27% thereafter)(1)(6)
|
2,644,762
|
|
|
890,000
|
7.00%, 10/19/2034, (7.00% fixed rate
until 10/19/2033; 6 mo. USD SOFR +
2.59% thereafter)(1)(6)
|
970,845
|
|
|
|
Citigroup, Inc.
|
|
|
|
425,000
|
2.57%, 06/03/2031, (2.57% fixed rate
until 06/03/2030; 6 mo. USD SOFR +
2.11% thereafter)(6)
|
372,827
|
|
|
239,000
|
2.67%, 01/29/2031, (2.67% fixed rate
until 01/29/2030; 6 mo. USD SOFR +
1.15% thereafter)(6)
|
212,277
|
|
|
745,000
|
5.17%, 02/13/2030, (5.17% fixed rate
until 02/13/2029; 6 mo. USD SOFR +
1.36% thereafter)(6)
|
750,010
|
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
985,000
|
5.72%, 07/23/2032, (5.72% fixed rate
until 07/23/2031; 6 mo. USD SOFR +
1.91% thereafter)(6)
|
994,327
|
|
|
1,125,000
|
5.84%, 01/23/2030, (5.84% fixed rate
until 01/23/2029; 6 mo. USD SOFR +
2.01% thereafter)(6)
|
1,148,851
|
|
|
315,000
|
6.65%, 04/25/2035, (6.65% fixed rate
until 04/25/2034; 6 mo. USD SOFR +
2.33% thereafter)(6)
|
336,193
|
|
|
455,000
|
Comerica, Inc. 5.98%, 01/30/2030, (5.98%
fixed rate until 01/30/2029; 6 mo. USD
SOFR + 2.16% thereafter)(6)
|
460,974
|
|
|
1,400,000
|
Credit Agricole SA 6.25%, 01/10/2035,
(6.25% fixed rate until 01/10/2034; 6 mo.
USD SOFR + 2.67% thereafter)(1)(6)
|
1,448,927
|
|
|
|
Danske Bank AS
|
|
|
|
380,000
|
1.62%, 09/11/2026, (1.62% fixed rate
until 09/11/2025; 1 yr. USD CMT +
1.35% thereafter)(1)(6)
|
368,473
|
|
|
445,000
|
5.71%, 03/01/2030, (5.71% fixed rate
until 03/01/2029; 1 yr. USD CMT +
1.40% thereafter)(1)(6)
|
454,038
|
|
|
|
Deutsche Bank AG
|
|
|
|
680,000
|
2.31%, 11/16/2027, (2.31% fixed rate
until 11/16/2026; 6 mo. USD SOFR +
1.22% thereafter)(6)
|
643,394
|
|
|
820,000
|
5.40%, 09/11/2035, (5.40% fixed rate
until 09/11/2034; 6 mo. USD SOFR +
2.05% thereafter)(6)
|
796,100
|
|
|
545,000
|
5.41%, 05/10/2029
|
553,169
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
821,000
|
1.99%, 01/27/2032, (1.99% fixed rate
until 01/27/2031; 6 mo. USD SOFR +
1.09% thereafter)(6)
|
684,847
|
|
|
1,670,000
|
2.38%, 07/21/2032, (2.38% fixed rate
until 07/21/2031; 6 mo. USD SOFR +
1.25% thereafter)(6)
|
1,407,699
|
|
|
1,044,000
|
2.62%, 04/22/2032, (2.62% fixed rate
until 04/22/2031; 6 mo. USD SOFR +
1.28% thereafter)(6)
|
898,748
|
|
|
|
56
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 20,000
|
2.91%, 07/21/2042, (2.91% fixed rate
until 07/21/2041; 6 mo. USD SOFR +
1.47% thereafter)(6)
|
$14,461
|
|
|
50,000
|
3.80%, 03/15/2030
|
47,316
|
|
|
1,180,000
|
4.69%, 10/23/2030, (4.69% fixed rate
until 10/23/2029; 6 mo. USD SOFR +
1.14% thereafter)(6)
|
1,164,571
|
|
|
650,000
|
5.02%, 10/23/2035, (5.02% fixed rate
until 10/23/2034; 6 mo. USD SOFR +
1.42% thereafter)(6)
|
634,664
|
|
|
1,360,000
|
5.05%, 07/23/2030, (5.05% fixed rate
until 07/23/2029; 6 mo. USD SOFR +
1.21% thereafter)(6)
|
1,363,141
|
|
|
1,170,000
|
5.73%, 04/25/2030, (5.73% fixed rate
until 04/25/2029; 6 mo. USD SOFR +
1.27% thereafter)(6)
|
1,202,909
|
|
|
73,000
|
6.56%, 10/24/2034, (6.56% fixed rate
until 10/24/2033; 6 mo. USD SOFR +
1.95% thereafter)(6)
|
79,752
|
|
|
|
HSBC Holdings PLC
|
|
|
|
1,470,000
|
2.21%, 08/17/2029, (2.21% fixed rate
until 08/17/2028; 6 mo. USD SOFR +
1.29% thereafter)(6)
|
1,323,834
|
|
|
1,840,000
|
5.40%, 08/11/2033, (5.40% fixed rate
until 08/11/2032; 6 mo. USD SOFR +
2.87% thereafter)(6)
|
1,854,600
|
|
|
1,800,000
|
5.73%, 05/17/2032, (5.73% fixed rate
until 05/17/2031; 6 mo. USD SOFR +
1.52% thereafter)(6)
|
1,844,915
|
|
|
660,000
|
5.89%, 08/14/2027, (5.89% fixed rate
until 08/14/2026; 6 mo. USD SOFR +
1.57% thereafter)(6)
|
671,799
|
|
|
228,000
|
6.80%, 06/01/2038
|
250,457
|
|
|
840,000
|
Intesa Sanpaolo SpA 7.80%, 11/28/2053(1)
|
966,334
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
913,000
|
2.55%, 11/08/2032, (2.55% fixed rate
until 11/08/2031; 6 mo. USD SOFR +
1.18% thereafter)(6)
|
778,967
|
|
|
1,052,000
|
2.58%, 04/22/2032, (2.58% fixed rate
until 04/22/2031; 3 mo. USD Term
SOFR + 1.25% thereafter)(6)
|
911,538
|
|
|
686,000
|
2.96%, 05/13/2031, (2.96% fixed rate
until 05/13/2030; 3 mo. USD Term
SOFR + 2.52% thereafter)(6)
|
614,950
|
|
|
1,419,000
|
3.70%, 05/06/2030, (3.70% fixed rate
until 05/06/2029; 3 mo. USD Term
SOFR + 1.42% thereafter)(6)
|
1,349,361
|
|
|
978,000
|
4.01%, 04/23/2029, (4.01% fixed rate
until 04/23/2028; 3 mo. USD Term
SOFR + 1.38% thereafter)(6)
|
951,884
|
|
|
1,525,000
|
4.51%, 10/22/2028, (4.51% fixed rate
until 10/22/2027; 6 mo. USD SOFR +
0.86% thereafter)(6)
|
1,514,226
|
|
|
300,000
|
4.57%, 06/14/2030, (4.57% fixed rate
until 06/14/2029; 6 mo. USD SOFR +
1.75% thereafter)(6)
|
295,671
|
|
|
717,000
|
4.85%, 07/25/2028, (4.85% fixed rate
until 07/25/2027; 6 mo. USD SOFR +
1.99% thereafter)(6)
|
717,996
|
|
|
260,000
|
4.95%, 10/22/2035, (4.95% fixed rate
until 10/22/2034; 6 mo. USD SOFR +
1.34% thereafter)(6)
|
254,844
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 1,365,000
|
5.00%, 07/22/2030, (5.00% fixed rate
until 07/22/2029; 6 mo. USD SOFR +
1.13% thereafter)(6)
|
$1,369,386
|
|
|
1,755,000
|
5.29%, 07/22/2035, (5.29% fixed rate
until 07/22/2034; 6 mo. USD SOFR +
1.46% thereafter)(6)
|
1,764,809
|
|
|
639,000
|
5.30%, 07/24/2029, (5.30% fixed rate
until 07/24/2028; 6 mo. USD SOFR +
1.45% thereafter)(6)
|
648,485
|
|
|
2,456,000
|
5.34%, 01/23/2035, (5.34% fixed rate
until 01/23/2034; 6 mo. USD SOFR +
1.62% thereafter)(6)
|
2,477,169
|
|
|
1,950,000
|
5.58%, 04/22/2030, (5.58% fixed rate
until 04/22/2029; 6 mo. USD SOFR +
1.16% thereafter)(6)
|
2,000,249
|
|
|
589,000
|
6.07%, 10/22/2027, (6.07% fixed rate
until 10/22/2026; 6 mo. USD SOFR +
1.33% thereafter)(6)
|
604,063
|
|
|
665,000
|
6.09%, 10/23/2029, (6.09% fixed rate
until 10/23/2028; 6 mo. USD SOFR +
1.57% thereafter)(6)
|
693,655
|
|
|
175,000
|
6.40%, 05/15/2038
|
195,980
|
|
|
1,485,000
|
M&T Bank Corp. 7.41%, 10/30/2029,
(7.41% fixed rate until 10/30/2028; 6 mo.
USD SOFR + 2.80% thereafter)(6)
|
1,598,641
|
|
|
745,000
|
Manufacturers & Traders Trust Co. 4.70%,
01/27/2028
|
738,122
|
|
|
EUR
1,100,000
|
mBank SA 0.97%, 09/21/2027, (0.97% fixed
rate until 09/21/2026; 3 mo. EURIBOR +
1.25% thereafter)(6)(7)
|
1,130,205
|
|
|
|
Morgan Stanley
|
|
|
|
$ 135,000
|
1.59%, 05/04/2027, (1.59% fixed rate
until 05/04/2026; 6 mo. USD SOFR +
0.88% thereafter)(6)
|
128,704
|
|
|
1,410,000
|
1.79%, 02/13/2032, (1.79% fixed rate
until 02/13/2031; 6 mo. USD SOFR +
1.03% thereafter)(6)
|
1,162,162
|
|
|
50,000
|
2.19%, 04/28/2026, (2.19% fixed rate
until 04/28/2025; 6 mo. USD SOFR +
1.99% thereafter)(6)
|
49,298
|
|
|
170,000
|
2.24%, 07/21/2032, (2.24% fixed rate
until 07/21/2031; 6 mo. USD SOFR +
1.18% thereafter)(6)
|
142,241
|
|
|
200,000
|
2.63%, 02/18/2026, (2.63% fixed rate
until 02/18/2025; 6 mo. USD SOFR +
0.94% thereafter)(6)
|
198,452
|
|
|
990,000
|
2.70%, 01/22/2031, (2.70% fixed rate
until 01/22/2030; 6 mo. USD SOFR +
1.14% thereafter)(6)
|
885,751
|
|
|
840,000
|
3.62%, 04/01/2031, (3.62% fixed rate
until 04/01/2030; 6 mo. USD SOFR +
3.12% thereafter)(6)
|
786,128
|
|
|
300,000
|
3.97%, 07/22/2038(4)
|
261,041
|
|
|
335,000
|
4.43%, 01/23/2030, (4.43% fixed rate
until 01/23/2029; 3 mo. USD Term
SOFR + 1.89% thereafter)(6)
|
328,331
|
|
|
25,000
|
4.46%, 04/22/2039, (4.46% fixed rate
until 04/22/2038; 3 mo. USD Term
SOFR + 1.69% thereafter)(6)
|
22,996
|
|
|
177,000
|
5.16%, 04/20/2029, (5.16% fixed rate
until 04/20/2028; 6 mo. USD SOFR +
1.59% thereafter)(6)
|
178,508
|
|
|
|
57
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 495,000
|
5.45%, 07/20/2029, (5.45% fixed rate
until 07/20/2028; 6 mo. USD SOFR +
1.63% thereafter)(6)
|
$504,555
|
|
|
1,395,000
|
5.66%, 04/18/2030, (5.66% fixed rate
until 04/18/2029; 6 mo. USD SOFR +
1.26% thereafter)(6)
|
1,432,043
|
|
|
133,000
|
5.95%, 01/19/2038, (5.95% fixed rate
until 01/19/2033; 5 yr. USD CMT +
2.43% thereafter)(6)
|
135,457
|
|
|
2,415,000
|
6.41%, 11/01/2029, (6.41% fixed rate
until 11/01/2028; 6 mo. USD SOFR +
1.83% thereafter)(6)
|
2,543,022
|
|
|
61,000
|
7.25%, 04/01/2032
|
70,000
|
|
|
|
OTP Bank Nyrt
|
|
|
|
EUR
1,000,000
|
7.35%, 03/04/2026, (7.35% fixed rate
until 03/04/2025; 3 mo. EURIBOR +
4.52% thereafter)(6)(7)
|
1,099,405
|
|
|
$ 690,000
|
7.50%, 05/25/2027, (7.50% fixed rate
until 05/25/2026; 1 yr. USD CMT +
3.71% thereafter)(6)(7)
|
713,405
|
|
|
1,125,000
|
PNC Financial Services Group, Inc. 4.81%,
10/21/2032, (4.81% fixed rate until
10/21/2031; 6 mo. USD SOFR + 1.26%
thereafter)(6)
|
1,102,963
|
|
|
3,490,000
|
Societe Generale SA 6.07%, 01/19/2035,
(6.07% fixed rate until 01/19/2034; 1 yr.
USD CMT + 2.10% thereafter)(1)(6)
|
3,530,308
|
|
|
|
Standard Chartered PLC
|
|
|
|
250,000
|
3.60%, 01/12/2033, (3.60% fixed rate
until 01/12/2032; 1 yr. USD CMT +
1.90% thereafter)(1)(6)
|
218,698
|
|
|
680,000
|
5.01%, 10/15/2030, (5.01% fixed rate
until 10/15/2029; 1 yr. USD CMT +
1.15% thereafter)(1)(6)
|
671,930
|
|
|
635,000
|
7.02%, 02/08/2030, (7.02% fixed rate
until 02/08/2029; 1 yr. USD CMT +
2.20% thereafter)(1)(6)
|
678,806
|
|
|
470,000
|
7.77%, 11/16/2028, (7.77% fixed rate
until 11/16/2027; 1 yr. USD CMT +
3.45% thereafter)(1)(6)
|
504,494
|
|
|
|
UBS Group AG
|
|
|
|
1,135,000
|
2.10%, 02/11/2032, (2.10% fixed rate
until 02/11/2031; 1 yr. USD CMT +
1.00% thereafter)(1)(6)
|
948,338
|
|
|
350,000
|
3.09%, 05/14/2032, (3.09% fixed rate
until 05/14/2031; 6 mo. USD SOFR +
1.73% thereafter)(1)(6)
|
308,571
|
|
|
355,000
|
4.19%, 04/01/2031, (4.19% fixed rate
until 04/01/2030; 6 mo. USD SOFR +
3.73% thereafter)(1)(6)
|
338,965
|
|
|
295,000
|
4.28%, 01/09/2028(1)
|
289,173
|
|
|
510,000
|
4.75%, 05/12/2028, (4.75% fixed rate
until 05/12/2027; 1 yr. USD CMT +
1.75% thereafter)(1)(6)
|
507,355
|
|
|
315,000
|
6.25%, 09/22/2029, (6.25% fixed rate
until 09/22/2028; 1 yr. USD CMT +
1.80% thereafter)(1)(6)
|
328,911
|
|
|
2,375,000
|
6.54%, 08/12/2033, (6.54% fixed rate
until 08/12/2032; 6 mo. USD SOFR +
3.92% thereafter)(1)(6)
|
2,550,924
|
|
|
|
Wells Fargo & Co.
|
|
|
|
50,000
|
2.16%, 02/11/2026, (2.16% fixed rate
until 02/11/2025; 3 mo. USD Term
SOFR + 1.01% thereafter)(6)
|
49,576
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.1% - (continued)
|
||
|
$ 1,405,000
|
2.57%, 02/11/2031, (2.57% fixed rate
until 02/11/2030; 3 mo. USD Term
SOFR + 1.26% thereafter)(6)
|
$1,246,316
|
|
|
2,761,000
|
2.88%, 10/30/2030, (2.88% fixed rate
until 10/30/2029; 3 mo. USD Term
SOFR + 1.43% thereafter)(6)
|
2,503,022
|
|
|
1,869,000
|
3.35%, 03/02/2033, (3.35% fixed rate
until 03/02/2032; 6 mo. USD SOFR +
1.50% thereafter)(6)
|
1,660,673
|
|
|
200,000
|
3.58%, 05/22/2028, (3.58% fixed rate
until 05/22/2027; 3 mo. USD Term
SOFR + 1.57% thereafter)(6)
|
193,901
|
|
|
1,881,000
|
4.90%, 07/25/2033, (4.90% fixed rate
until 07/25/2032; 6 mo. USD SOFR +
2.10% thereafter)(6)
|
1,845,651
|
|
|
177,000
|
5.01%, 04/04/2051, (5.01% fixed rate
until 04/04/2050; 3 mo. USD Term
SOFR + 4.50% thereafter)(6)
|
165,388
|
|
|
314,000
|
5.39%, 04/24/2034, (5.39% fixed rate
until 04/24/2033; 6 mo. USD SOFR +
2.02% thereafter)(6)
|
316,135
|
|
|
980,000
|
5.50%, 01/23/2035, (5.50% fixed rate
until 01/23/2034; 6 mo. USD SOFR +
1.78% thereafter)(6)
|
993,947
|
|
|
3,076,000
|
5.57%, 07/25/2029, (5.57% fixed rate
until 07/25/2028; 6 mo. USD SOFR +
1.74% thereafter)(6)
|
3,141,226
|
|
|
656,000
|
6.30%, 10/23/2029, (6.30% fixed rate
until 10/23/2028; 6 mo. USD SOFR +
1.79% thereafter)(6)
|
687,446
|
|
|
250,000
|
6.49%, 10/23/2034, (6.49% fixed rate
until 10/23/2033; 6 mo. USD SOFR +
2.06% thereafter)(6)
|
270,133
|
|
|
|
|
|
114,634,070
|
|
|
Commercial Services - 0.7%
|
||
|
|
Ashtead Capital, Inc.
|
|
|
|
625,000
|
4.00%, 05/01/2028(1)
|
602,209
|
|
|
1,600,000
|
4.38%, 08/15/2027(1)
|
1,576,334
|
|
|
305,000
|
5.80%, 04/15/2034(1)
|
309,055
|
|
|
|
Block, Inc.
|
|
|
|
1,170,000
|
3.50%, 06/01/2031
|
1,037,150
|
|
|
2,928,000
|
6.50%, 05/15/2032(1)
|
2,980,016
|
|
|
|
Howard University
|
|
|
|
100,000
|
2.39%, 10/01/2027
|
91,899
|
|
|
100,000
|
2.70%, 10/01/2029
|
89,228
|
|
|
325,000
|
2.80%, 10/01/2030
|
286,170
|
|
|
105,000
|
2.90%, 10/01/2031
|
89,181
|
|
|
265,000
|
3.48%, 10/01/2041
|
197,469
|
|
|
|
Service Corp. International
|
|
|
|
2,094,000
|
3.38%, 08/15/2030
|
1,855,718
|
|
|
341,000
|
4.63%, 12/15/2027
|
333,919
|
|
|
2,985,000
|
5.13%, 06/01/2029
|
2,928,721
|
|
|
970,000
|
5.75%, 10/15/2032
|
952,859
|
|
|
|
United Rentals North America, Inc.
|
|
|
|
270,000
|
3.75%, 01/15/2032
|
239,417
|
|
|
50,000
|
4.88%, 01/15/2028
|
48,951
|
|
|
|
|
|
13,618,296
|
|
|
Construction Materials - 0.3%
|
||
|
2,890,000
|
Builders FirstSource, Inc. 5.00%,
03/01/2030(1)
|
2,760,993
|
|
|
|
Standard Industries, Inc.
|
|
|
|
899,000
|
3.38%, 01/15/2031(1)
|
780,413
|
|
|
|
58
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Construction Materials - 0.3% - (continued)
|
||
|
$ 2,943,000
|
4.38%, 07/15/2030(1)
|
$2,704,493
|
|
|
245,000
|
Trane Technologies Financing Ltd. 5.10%,
06/13/2034
|
247,729
|
|
|
|
|
|
6,493,628
|
|
|
Diversified Financial Services - 0.4%
|
||
|
|
Capital One Financial Corp.
|
|
|
|
138,000
|
1.88%, 11/02/2027, (1.88% fixed rate
until 11/02/2026; 6 mo. USD SOFR +
0.86% thereafter)(6)
|
130,101
|
|
|
939,000
|
3.27%, 03/01/2030, (3.27% fixed rate
until 03/01/2029; 6 mo. USD SOFR +
1.79% thereafter)(6)
|
870,665
|
|
|
235,000
|
3.75%, 07/28/2026
|
229,901
|
|
|
455,000
|
5.47%, 02/01/2029, (5.47% fixed rate
until 02/01/2028; 6 mo. USD SOFR +
2.08% thereafter)(6)
|
460,435
|
|
|
180,000
|
6.31%, 06/08/2029, (6.31% fixed rate
until 06/08/2028; 6 mo. USD SOFR +
2.64% thereafter)(6)
|
186,949
|
|
|
2,330,000
|
7.62%, 10/30/2031, (7.62% fixed rate
until 10/30/2030; 6 mo. USD SOFR +
3.07% thereafter)(6)
|
2,589,177
|
|
|
1,120,000
|
Discover Financial Services 7.96%,
11/02/2034, (7.96% fixed rate until
11/02/2033; 6 mo. USD SOFR + 3.37%
thereafter)(6)
|
1,286,865
|
|
|
|
Nomura Holdings, Inc.
|
|
|
|
595,000
|
2.61%, 07/14/2031
|
505,773
|
|
|
335,000
|
5.78%, 07/03/2034
|
341,456
|
|
|
200,000
|
6.18%, 01/18/2033
|
210,370
|
|
|
185,000
|
Synchrony Financial 5.94%, 08/02/2030,
(5.94% fixed rate until 08/02/2029; 6 mo.
USD SOFR + 2.13% thereafter)(6)(8)
|
187,923
|
|
|
|
|
|
6,999,615
|
|
|
Electric - 2.9%
|
||
|
|
Alabama Power Co.
|
|
|
|
295,000
|
3.45%, 10/01/2049
|
215,868
|
|
|
728,000
|
4.15%, 08/15/2044
|
613,561
|
|
|
725,000
|
Ameren Corp. 5.00%, 01/15/2029
|
728,680
|
|
|
|
American Electric Power Co., Inc.
|
|
|
|
25,000
|
2.30%, 03/01/2030
|
21,950
|
|
|
35,000
|
5.75%, 11/01/2027
|
36,040
|
|
|
1,275,000
|
6.95%, 12/15/2054, (6.95% fixed rate
until 09/15/2034; 5 yr. USD CMT +
2.68% thereafter)(6)
|
1,334,508
|
|
|
|
Arizona Public Service Co.
|
|
|
|
425,000
|
5.55%, 08/01/2033
|
430,526
|
|
|
305,000
|
6.35%, 12/15/2032
|
327,419
|
|
|
785,000
|
Baltimore Gas & Electric Co. 5.65%,
06/01/2054
|
808,875
|
|
|
489,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
438,225
|
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
345,000
|
3.20%, 12/01/2051
|
235,923
|
|
|
262,000
|
3.95%, 04/01/2050
|
213,877
|
|
|
160,000
|
4.00%, 11/15/2057
|
123,872
|
|
|
150,000
|
4.45%, 03/15/2044
|
131,471
|
|
|
|
Dominion Energy, Inc.
|
|
|
|
525,000
|
4.90%, 08/01/2041
|
480,387
|
|
|
200,000
|
6.30%, 03/15/2033
|
214,244
|
|
|
|
Duke Energy Carolinas LLC
|
|
|
|
30,000
|
3.20%, 08/15/2049
|
20,795
|
|
|
400,000
|
4.25%, 12/15/2041
|
348,923
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Electric - 2.9% - (continued)
|
||
|
$ 50,000
|
5.30%, 02/15/2040
|
$49,994
|
|
|
|
Duke Energy Corp.
|
|
|
|
2,584,000
|
2.55%, 06/15/2031
|
2,221,413
|
|
|
527,700
|
3.75%, 09/01/2046
|
396,646
|
|
|
980,000
|
4.50%, 08/15/2032
|
941,884
|
|
|
330,000
|
5.00%, 08/15/2052
|
297,881
|
|
|
170,000
|
5.45%, 06/15/2034
|
171,983
|
|
|
310,000
|
5.80%, 06/15/2054
|
310,769
|
|
|
|
Duke Energy Indiana LLC
|
|
|
|
230,000
|
2.75%, 04/01/2050
|
144,214
|
|
|
1,071,000
|
3.25%, 10/01/2049
|
748,411
|
|
|
435,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
436,931
|
|
|
|
Duke Energy Progress LLC
|
|
|
|
441,000
|
3.70%, 10/15/2046
|
335,691
|
|
|
375,000
|
4.00%, 04/01/2052
|
298,428
|
|
|
|
Edison International
|
|
|
|
398,000
|
4.13%, 03/15/2028
|
388,681
|
|
|
1,540,000
|
5.25%, 11/15/2028
|
1,551,251
|
|
|
680,000
|
5.25%, 03/15/2032
|
679,551
|
|
|
360,000
|
5.75%, 06/15/2027
|
367,410
|
|
|
2,172,000
|
6.95%, 11/15/2029
|
2,348,337
|
|
|
1,005,000
|
8.13%, 06/15/2053, (8.13% fixed rate
until 03/15/2028; 5 yr. USD CMT +
3.86% thereafter)(6)
|
1,054,395
|
|
|
515,000
|
Emera, Inc. 6.75%, 06/15/2076
|
515,635
|
|
|
|
Energo-Pro AS
|
|
|
|
1,230,000
|
8.50%, 02/04/2027(1)
|
1,233,724
|
|
|
665,000
|
11.00%, 11/02/2028(7)
|
713,558
|
|
|
121,000
|
Evergy Metro, Inc. 4.13%, 04/01/2049
|
97,044
|
|
|
|
Eversource Energy
|
|
|
|
1,835,000
|
5.13%, 05/15/2033
|
1,810,337
|
|
|
803,000
|
5.50%, 01/01/2034
|
808,639
|
|
|
|
Georgia Power Co.
|
|
|
|
548,000
|
4.30%, 03/15/2042
|
477,700
|
|
|
365,000
|
4.95%, 05/17/2033
|
363,994
|
|
|
545,000
|
Investment Energy Resources Ltd. 6.25%,
04/26/2029(1)
|
525,927
|
|
|
480,000
|
Monongahela Power Co. 5.85%,
02/15/2034(1)
|
494,896
|
|
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
1,305,000
|
1.88%, 01/15/2027
|
1,227,938
|
|
|
1,330,000
|
2.25%, 06/01/2030
|
1,158,135
|
|
|
|
Niagara Mohawk Power Corp.
|
|
|
|
40,000
|
1.96%, 06/27/2030(1)
|
34,069
|
|
|
851,000
|
5.29%, 01/17/2034(1)
|
845,386
|
|
|
130,000
|
NRG Energy, Inc. 2.45%, 12/02/2027(1)
|
120,072
|
|
|
685,000
|
NSTAR Electric Co. 5.40%, 06/01/2034
|
699,917
|
|
|
225,000
|
Oglethorpe Power Corp. 5.80%,
06/01/2054(1)
|
229,024
|
|
|
630,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
637,607
|
|
|
101,000
|
Oncor Electric Delivery Co. LLC 0.55%,
10/01/2025
|
97,479
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
330,500
|
2.50%, 02/01/2031
|
283,523
|
|
|
150,000
|
4.30%, 03/15/2045
|
121,367
|
|
|
789,000
|
4.50%, 07/01/2040
|
684,013
|
|
|
1,534,000
|
4.55%, 07/01/2030
|
1,489,174
|
|
|
161,000
|
5.45%, 06/15/2027
|
163,223
|
|
|
1,146,000
|
5.90%, 06/15/2032
|
1,185,858
|
|
|
1,286,000
|
6.10%, 01/15/2029
|
1,335,298
|
|
|
1,084,000
|
6.15%, 01/15/2033
|
1,134,296
|
|
|
1,271,000
|
6.40%, 06/15/2033
|
1,352,608
|
|
|
595,000
|
Public Service Electric & Gas Co. 5.45%,
03/01/2054
|
604,109
|
|
|
|
59
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Electric - 2.9% - (continued)
|
||
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
$ 255,000
|
5.45%, 04/01/2034
|
$257,885
|
|
|
680,000
|
6.13%, 10/15/2033
|
719,785
|
|
|
|
Puget Energy, Inc.
|
|
|
|
1,360,000
|
2.38%, 06/15/2028
|
1,236,345
|
|
|
30,000
|
3.65%, 05/15/2025
|
29,735
|
|
|
786,000
|
4.10%, 06/15/2030
|
737,155
|
|
|
379,000
|
4.22%, 03/15/2032
|
347,489
|
|
|
|
Southern California Edison Co.
|
|
|
|
490,000
|
3.65%, 02/01/2050
|
364,971
|
|
|
313,000
|
4.05%, 03/15/2042
|
258,835
|
|
|
110,000
|
5.20%, 06/01/2034
|
110,321
|
|
|
420,000
|
5.75%, 04/15/2054
|
429,870
|
|
|
325,000
|
5.88%, 12/01/2053
|
336,304
|
|
|
415,000
|
5.95%, 11/01/2032
|
439,128
|
|
|
|
Southern Co.
|
|
|
|
1,670,000
|
3.25%, 07/01/2026
|
1,632,574
|
|
|
1,265,000
|
4.85%, 03/15/2035
|
1,230,420
|
|
|
1,125,000
|
5.20%, 06/15/2033
|
1,129,633
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
359,000
|
2.45%, 12/15/2050
|
211,828
|
|
|
50,000
|
2.95%, 11/15/2051
|
32,452
|
|
|
1,140,000
|
5.00%, 04/01/2033
|
1,132,186
|
|
|
1,392,000
|
5.00%, 01/15/2034
|
1,379,722
|
|
|
365,000
|
5.05%, 08/15/2034
|
362,663
|
|
|
345,000
|
5.35%, 01/15/2054
|
337,888
|
|
|
195,000
|
Wisconsin Power & Light Co. 5.38%,
03/30/2034
|
197,525
|
|
|
|
Xcel Energy, Inc.
|
|
|
|
150,000
|
1.75%, 03/15/2027
|
140,106
|
|
|
84,000
|
4.00%, 06/15/2028
|
81,597
|
|
|
463,000
|
4.60%, 06/01/2032
|
444,431
|
|
|
|
|
|
53,494,412
|
|
|
Engineering & Construction - 0.2%
|
||
|
1,235,000
|
IHS Holding Ltd. 6.25%, 11/29/2028(1)
|
1,147,366
|
|
|
|
International Airport Finance SA
|
|
|
|
1,066,089
|
12.00%, 03/15/2033(1)
|
1,137,056
|
|
|
491,328
|
12.00%, 03/15/2033(7)
|
524,034
|
|
|
|
|
|
2,808,456
|
|
|
Entertainment - 0.5%
|
||
|
|
Warnermedia Holdings, Inc.
|
|
|
|
745,000
|
4.05%, 03/15/2029
|
695,987
|
|
|
1,671,000
|
4.28%, 03/15/2032
|
1,464,353
|
|
|
425,000
|
5.05%, 03/15/2042
|
339,168
|
|
|
5,160,000
|
5.14%, 03/15/2052
|
3,886,613
|
|
|
|
WMG Acquisition Corp.
|
|
|
|
715,000
|
3.75%, 12/01/2029(1)
|
662,124
|
|
|
2,850,000
|
3.88%, 07/15/2030(1)
|
2,624,287
|
|
|
|
|
|
9,672,532
|
|
|
Environmental Control - 0.3%
|
||
|
|
Clean Harbors, Inc.
|
|
|
|
2,119,000
|
4.88%, 07/15/2027(1)
|
2,086,761
|
|
|
1,474,000
|
6.38%, 02/01/2031(1)
|
1,485,081
|
|
|
|
Republic Services, Inc.
|
|
|
|
290,000
|
1.45%, 02/15/2031
|
237,712
|
|
|
50,000
|
3.20%, 03/15/2025
|
49,685
|
|
|
595,000
|
5.20%, 11/15/2034
|
601,850
|
|
|
906,000
|
Veralto Corp. 5.35%, 09/18/2028
|
922,752
|
|
|
1,140,000
|
Waste Management, Inc. 4.95%,
03/15/2035
|
1,131,579
|
|
|
|
|
|
6,515,420
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Equity Fund - 0.1%
|
||
|
$ 1,725,000
|
Brookfield Finance, Inc. 5.68%, 01/15/2035
|
$1,758,770
|
|
|
|
Food - 0.3%
|
||
|
1,168,000
|
Cencosud SA 5.95%, 05/28/2031(1)
|
1,182,571
|
|
|
|
Conagra Brands, Inc.
|
|
|
|
781,000
|
4.85%, 11/01/2028
|
778,812
|
|
|
105,000
|
5.30%, 11/01/2038
|
101,226
|
|
|
1,730,000
|
Minerva Luxembourg SA 4.38%,
03/18/2031(7)
|
1,464,205
|
|
|
|
NBM U.S. Holdings, Inc.
|
|
|
|
875,000
|
7.00%, 05/14/2026(7)
|
879,915
|
|
|
835,000
|
7.00%, 05/14/2026(1)
|
839,690
|
|
|
|
Tyson Foods, Inc.
|
|
|
|
305,000
|
5.40%, 03/15/2029
|
310,178
|
|
|
385,000
|
5.70%, 03/15/2034
|
392,418
|
|
|
|
|
|
5,949,015
|
|
|
Gas - 0.3%
|
||
|
|
KeySpan Gas East Corp.
|
|
|
|
45,000
|
5.82%, 04/01/2041(1)
|
44,661
|
|
|
235,000
|
5.99%, 03/06/2033(1)
|
241,658
|
|
|
|
NiSource, Inc.
|
|
|
|
91,000
|
1.70%, 02/15/2031
|
75,198
|
|
|
501,000
|
3.49%, 05/15/2027
|
487,614
|
|
|
70,000
|
5.35%, 04/01/2034
|
70,218
|
|
|
970,000
|
5.40%, 06/30/2033
|
980,221
|
|
|
|
Southern California Gas Co.
|
|
|
|
819,000
|
5.20%, 06/01/2033
|
830,611
|
|
|
1,895,000
|
5.60%, 04/01/2054
|
1,917,609
|
|
|
75,000
|
6.35%, 11/15/2052
|
83,671
|
|
|
|
|
|
4,731,461
|
|
|
Hand/Machine Tools - 0.1%
|
||
|
|
Regal Rexnord Corp.
|
|
|
|
735,000
|
6.05%, 04/15/2028
|
752,590
|
|
|
830,000
|
6.30%, 02/15/2030
|
859,500
|
|
|
|
|
|
1,612,090
|
|
|
Healthcare - Products - 0.4%
|
||
|
|
Alcon Finance Corp.
|
|
|
|
806,000
|
2.75%, 09/23/2026(1)
|
775,905
|
|
|
435,000
|
3.00%, 09/23/2029(1)
|
402,255
|
|
|
455,000
|
5.38%, 12/06/2032(1)
|
463,303
|
|
|
415,000
|
5.75%, 12/06/2052(1)
|
431,446
|
|
|
2,450,000
|
Avantor Funding, Inc. 4.63%, 07/15/2028(1)
|
2,368,957
|
|
|
647,000
|
Hologic, Inc. 4.63%, 02/01/2028(1)
|
634,762
|
|
|
550,000
|
Smith & Nephew PLC 5.40%, 03/20/2034
|
552,666
|
|
|
|
Solventum Corp.
|
|
|
|
1,340,000
|
5.40%, 03/01/2029(1)
|
1,357,060
|
|
|
520,000
|
5.45%, 03/13/2031(1)
|
524,369
|
|
|
|
|
|
7,510,723
|
|
|
Healthcare - Services - 0.9%
|
||
|
|
Centene Corp.
|
|
|
|
1,244,000
|
2.45%, 07/15/2028
|
1,119,743
|
|
|
215,000
|
4.25%, 12/15/2027
|
207,963
|
|
|
1,865,000
|
4.63%, 12/15/2029
|
1,782,218
|
|
|
|
Cigna Group
|
|
|
|
11,000
|
1.25%, 03/15/2026
|
10,494
|
|
|
25,000
|
2.38%, 03/15/2031
|
21,364
|
|
|
25,000
|
3.40%, 03/15/2051
|
17,125
|
|
|
75,000
|
4.80%, 07/15/2046
|
66,276
|
|
|
1,275,000
|
5.00%, 05/15/2029
|
1,281,545
|
|
|
60,000
|
CommonSpirit Health 3.35%, 10/01/2029
|
55,815
|
|
|
|
Elevance Health, Inc.
|
|
|
|
850,000
|
4.50%, 10/30/2026
|
848,724
|
|
|
|
60
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Healthcare - Services - 0.9% - (continued)
|
||
|
$ 20,000
|
4.63%, 05/15/2042
|
$17,688
|
|
|
1,455,000
|
4.95%, 11/01/2031
|
1,444,683
|
|
|
27,000
|
5.65%, 06/15/2054
|
26,907
|
|
|
|
HCA, Inc.
|
|
|
|
1,515,000
|
3.38%, 03/15/2029
|
1,420,424
|
|
|
25,000
|
5.13%, 06/15/2039
|
23,612
|
|
|
135,000
|
5.45%, 04/01/2031
|
136,507
|
|
|
490,000
|
5.45%, 09/15/2034
|
486,522
|
|
|
986,000
|
5.60%, 04/01/2034
|
991,264
|
|
|
|
Humana, Inc.
|
|
|
|
350,000
|
1.35%, 02/03/2027
|
324,668
|
|
|
100,000
|
2.15%, 02/03/2032
|
80,850
|
|
|
|
Icon Investments Six DAC
|
|
|
|
335,000
|
5.81%, 05/08/2027
|
341,661
|
|
|
200,000
|
6.00%, 05/08/2034
|
204,875
|
|
|
|
Kaiser Foundation Hospitals
|
|
|
|
1,000
|
2.81%, 06/01/2041
|
732
|
|
|
1,055,000
|
3.00%, 06/01/2051
|
719,378
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
1,443,000
|
2.75%, 05/15/2040
|
1,047,106
|
|
|
3,000
|
4.25%, 03/15/2043
|
2,633
|
|
|
70,000
|
4.45%, 12/15/2048
|
60,492
|
|
|
968,000
|
4.95%, 01/15/2032
|
970,227
|
|
|
223,000
|
4.95%, 05/15/2062
|
202,821
|
|
|
265,000
|
5.35%, 02/15/2033
|
272,140
|
|
|
1,370,000
|
5.38%, 04/15/2054
|
1,346,798
|
|
|
10,000
|
5.50%, 04/15/2064
|
9,845
|
|
|
945,000
|
5.75%, 07/15/2064
|
963,096
|
|
|
|
|
|
16,506,196
|
|
|
Home Builders - 0.2%
|
||
|
|
Taylor Morrison Communities, Inc.
|
|
|
|
1,257,000
|
5.13%, 08/01/2030(1)
|
1,215,702
|
|
|
2,208,000
|
5.75%, 01/15/2028(1)
|
2,208,308
|
|
|
|
|
|
3,424,010
|
|
|
Household Products - 0.0%
|
||
|
380,000
|
Haleon U.S. Capital LLC 3.38%, 03/24/2029
|
359,116
|
|
|
|
Insurance - 0.9%
|
||
|
265,000
|
Aon Corp./Aon Global Holdings PLC 5.35%,
02/28/2033
|
268,458
|
|
|
1,667,000
|
Aon North America, Inc. 5.45%, 03/01/2034
|
1,692,288
|
|
|
|
Athene Global Funding
|
|
|
|
710,000
|
2.50%, 03/24/2028(1)
|
651,804
|
|
|
1,345,000
|
2.65%, 10/04/2031(1)
|
1,137,365
|
|
|
765,000
|
2.72%, 01/07/2029(1)
|
694,221
|
|
|
1,930,000
|
4.72%, 10/08/2029(1)
|
1,894,878
|
|
|
75,000
|
5.58%, 01/09/2029(1)
|
76,076
|
|
|
345,000
|
Athene Holding Ltd. 5.88%, 01/15/2034
|
351,260
|
|
|
|
Corebridge Financial, Inc.
|
|
|
|
355,000
|
3.85%, 04/05/2029
|
339,230
|
|
|
640,000
|
5.75%, 01/15/2034
|
655,178
|
|
|
1,220,000
|
Corebridge Global Funding 5.20%,
06/24/2029(1)
|
1,228,522
|
|
|
|
Equitable Financial Life Global Funding
|
|
|
|
100,000
|
1.40%, 07/07/2025(1)
|
97,794
|
|
|
1,203,000
|
1.80%, 03/08/2028(1)
|
1,086,822
|
|
|
|
Equitable Holdings, Inc.
|
|
|
|
960,000
|
4.35%, 04/20/2028
|
941,530
|
|
|
50,000
|
5.00%, 04/20/2048
|
45,976
|
|
|
25,000
|
5.59%, 01/11/2033
|
25,463
|
|
|
|
GA Global Funding Trust
|
|
|
|
148,000
|
1.63%, 01/15/2026(1)
|
142,193
|
|
|
320,000
|
5.50%, 01/08/2029(1)
|
324,902
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Insurance - 0.9% - (continued)
|
||
|
$ 1,115,000
|
Jackson National Life Global Funding
4.60%, 10/01/2029(1)
|
$1,091,940
|
|
|
|
Marsh & McLennan Cos., Inc.
|
|
|
|
175,000
|
4.38%, 03/15/2029
|
172,870
|
|
|
485,000
|
4.75%, 03/15/2039
|
459,232
|
|
|
|
Metropolitan Life Global Funding I
|
|
|
|
2,025,000
|
2.40%, 01/11/2032(1)
|
1,715,386
|
|
|
150,000
|
2.80%, 03/21/2025(1)
|
148,888
|
|
|
740,000
|
Protective Life Global Funding 5.22%,
06/12/2029(1)
|
754,259
|
|
|
|
|
|
15,996,535
|
|
|
Internet - 0.4%
|
||
|
|
Gen Digital, Inc.
|
|
|
|
2,455,000
|
5.00%, 04/15/2025(1)
|
2,448,261
|
|
|
1,420,000
|
6.75%, 09/30/2027(1)
|
1,444,388
|
|
|
|
Go Daddy Operating Co. LLC/GD Finance
Co., Inc.
|
|
|
|
1,225,000
|
3.50%, 03/01/2029(1)
|
1,130,542
|
|
|
2,383,000
|
5.25%, 12/01/2027(1)
|
2,355,168
|
|
|
350,000
|
Uber Technologies, Inc. 4.80%, 09/15/2034
|
339,295
|
|
|
|
|
|
7,717,654
|
|
|
Investment Company Security - 0.0%
|
||
|
480,000
|
New Mountain Finance Corp. 6.88%,
02/01/2029
|
478,926
|
|
|
|
Iron/Steel - 0.0%
|
||
|
90,000
|
Vale Overseas Ltd. 3.75%, 07/08/2030
|
83,842
|
|
|
|
IT Services - 0.4%
|
||
|
900,000
|
Booz Allen Hamilton, Inc. 3.88%,
09/01/2028(1)
|
862,724
|
|
|
1,971,000
|
Gartner, Inc. 4.50%, 07/01/2028(1)
|
1,923,177
|
|
|
945,000
|
Hewlett Packard Enterprise Co. 5.00%,
10/15/2034
|
917,031
|
|
|
3,067,000
|
Insight Enterprises, Inc. 6.63%,
05/15/2032(1)
|
3,135,443
|
|
|
|
|
|
6,838,375
|
|
|
Lodging - 0.0%
|
||
|
833,000
|
Las Vegas Sands Corp. 6.20%, 08/15/2034
|
849,034
|
|
|
|
Machinery-Diversified - 0.1%
|
||
|
|
AGCO Corp.
|
|
|
|
230,000
|
5.45%, 03/21/2027
|
232,525
|
|
|
340,000
|
5.80%, 03/21/2034
|
345,814
|
|
|
1,153,000
|
Otis Worldwide Corp. 2.57%, 02/15/2030
|
1,028,485
|
|
|
|
|
|
1,606,824
|
|
|
Media - 1.1%
|
||
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
|
310,000
|
2.25%, 01/15/2029
|
272,279
|
|
|
25,000
|
2.30%, 02/01/2032
|
19,747
|
|
|
50,000
|
3.50%, 06/01/2041
|
34,225
|
|
|
969,000
|
3.50%, 03/01/2042
|
654,890
|
|
|
310,000
|
3.85%, 04/01/2061
|
186,192
|
|
|
370,000
|
3.90%, 06/01/2052
|
237,882
|
|
|
300,000
|
4.40%, 04/01/2033
|
268,433
|
|
|
1,504,000
|
5.05%, 03/30/2029
|
1,476,133
|
|
|
264,000
|
5.13%, 07/01/2049
|
207,701
|
|
|
615,000
|
5.38%, 05/01/2047
|
502,713
|
|
|
85,000
|
5.50%, 04/01/2063
|
67,577
|
|
|
769,000
|
5.75%, 04/01/2048
|
656,998
|
|
|
2,000
|
6.48%, 10/23/2045
|
1,890
|
|
|
|
61
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Media - 1.1% - (continued)
|
||
|
$ 1,920,000
|
6.55%, 06/01/2034
|
$1,955,906
|
|
|
50,000
|
6.65%, 02/01/2034
|
51,289
|
|
|
|
Comcast Corp.
|
|
|
|
125,000
|
2.65%, 08/15/2062
|
69,796
|
|
|
1,299,000
|
2.89%, 11/01/2051
|
824,575
|
|
|
686,000
|
3.20%, 07/15/2036
|
565,526
|
|
|
583,000
|
3.75%, 04/01/2040
|
481,547
|
|
|
182,000
|
4.65%, 02/15/2033
|
179,101
|
|
|
425,000
|
5.65%, 06/01/2054
|
431,181
|
|
|
|
Cox Communications, Inc.
|
|
|
|
710,000
|
2.60%, 06/15/2031(1)
|
601,082
|
|
|
1,700,000
|
5.45%, 09/01/2034(1)
|
1,656,981
|
|
|
75,000
|
5.80%, 12/15/2053(1)
|
70,316
|
|
|
|
Discovery Communications LLC
|
|
|
|
75,600
|
3.95%, 03/20/2028
|
71,398
|
|
|
1,223,000
|
6.35%, 06/01/2040
|
1,145,656
|
|
|
|
Paramount Global
|
|
|
|
195,000
|
4.20%, 05/19/2032
|
169,930
|
|
|
180,000
|
4.38%, 03/15/2043
|
129,717
|
|
|
849,000
|
4.90%, 08/15/2044
|
632,206
|
|
|
440,000
|
4.95%, 01/15/2031
|
408,762
|
|
|
145,000
|
4.95%, 05/19/2050
|
108,104
|
|
|
845,000
|
5.25%, 04/01/2044
|
654,853
|
|
|
855,000
|
5.85%, 09/01/2043
|
727,646
|
|
|
220,000
|
6.88%, 04/30/2036
|
219,443
|
|
|
|
Sirius XM Radio, Inc.
|
|
|
|
1,516,000
|
4.00%, 07/15/2028(1)
|
1,416,352
|
|
|
3,331,000
|
4.13%, 07/01/2030(1)
|
2,980,120
|
|
|
|
|
|
20,138,147
|
|
|
Mining - 0.5%
|
||
|
|
Anglo American Capital PLC
|
|
|
|
200,000
|
5.50%, 05/02/2033(1)
|
201,975
|
|
|
740,000
|
5.75%, 04/05/2034(1)
|
756,478
|
|
|
|
Glencore Funding LLC
|
|
|
|
890,000
|
4.00%, 03/27/2027(1)
|
873,110
|
|
|
1,325,000
|
5.37%, 04/04/2029(1)
|
1,343,821
|
|
|
175,000
|
5.40%, 05/08/2028(1)
|
177,932
|
|
|
2,010,000
|
5.63%, 04/04/2034(1)
|
2,041,123
|
|
|
2,006,000
|
6.38%, 10/06/2030(1)
|
2,131,027
|
|
|
1,036,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
1,119,846
|
|
|
|
|
|
8,645,312
|
|
|
Oil & Gas - 1.8%
|
||
|
|
Aker BP ASA
|
|
|
|
160,000
|
5.13%, 10/01/2034(1)
|
153,136
|
|
|
1,150,000
|
5.80%, 10/01/2054(1)
|
1,077,200
|
|
|
645,000
|
6.00%, 06/13/2033(1)
|
658,863
|
|
|
|
BP Capital Markets America, Inc.
|
|
|
|
417,000
|
2.94%, 06/04/2051
|
268,342
|
|
|
500,000
|
3.06%, 06/17/2041
|
370,104
|
|
|
155,000
|
3.38%, 02/08/2061
|
102,768
|
|
|
267,000
|
3.80%, 09/21/2025
|
265,373
|
|
|
789,000
|
4.81%, 02/13/2033
|
772,789
|
|
|
380,000
|
4.89%, 09/11/2033
|
373,590
|
|
|
1,159,000
|
4.99%, 04/10/2034
|
1,145,043
|
|
|
188,000
|
5.23%, 11/17/2034
|
188,960
|
|
|
|
ConocoPhillips Co.
|
|
|
|
374,000
|
3.80%, 03/15/2052
|
284,316
|
|
|
135,000
|
4.03%, 03/15/2062
|
102,503
|
|
|
620,000
|
5.30%, 05/15/2053
|
597,548
|
|
|
182,000
|
5.55%, 03/15/2054
|
181,663
|
|
|
1,060,000
|
5.70%, 09/15/2063
|
1,069,912
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
50,000
|
4.25%, 03/15/2052
|
38,988
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Oil & Gas - 1.8% - (continued)
|
||
|
$ 25,000
|
4.40%, 03/24/2051
|
$20,018
|
|
|
225,000
|
5.75%, 04/18/2054
|
218,549
|
|
|
395,000
|
5.90%, 04/18/2064
|
382,562
|
|
|
303,000
|
6.25%, 03/15/2053
|
313,102
|
|
|
|
Ecopetrol SA
|
|
|
|
2,430,000
|
4.63%, 11/02/2031
|
2,003,667
|
|
|
1,455,000
|
7.75%, 02/01/2032
|
1,418,604
|
|
|
3,025,000
|
8.38%, 01/19/2036
|
2,956,495
|
|
|
|
Energean Israel Finance Ltd.
|
|
|
|
1,378,000
|
5.88%, 03/30/2031(7)
|
1,175,985
|
|
|
600,000
|
8.50%, 09/30/2033(7)
|
570,547
|
|
|
|
Eni SpA
|
|
|
|
1,640,000
|
5.50%, 05/15/2034(1)
|
1,649,033
|
|
|
705,000
|
5.95%, 05/15/2054(1)
|
700,247
|
|
|
512,000
|
Equinor ASA 3.25%, 11/18/2049
|
366,544
|
|
|
|
Hess Corp.
|
|
|
|
50,000
|
6.00%, 01/15/2040
|
52,354
|
|
|
1,576,000
|
7.13%, 03/15/2033
|
1,765,706
|
|
|
745,000
|
7.30%, 08/15/2031
|
833,383
|
|
|
|
Leviathan Bond Ltd.
|
|
|
|
272,000
|
6.13%, 06/30/2025(7)
|
268,315
|
|
|
1,225,000
|
6.50%, 06/30/2027(7)
|
1,160,060
|
|
|
654,000
|
Ovintiv, Inc. 6.63%, 08/15/2037
|
681,500
|
|
|
|
Patterson-UTI Energy, Inc.
|
|
|
|
100,000
|
5.15%, 11/15/2029
|
97,949
|
|
|
375,000
|
7.15%, 10/01/2033
|
396,628
|
|
|
|
Phillips 66 Co.
|
|
|
|
1,065,000
|
5.25%, 06/15/2031
|
1,074,111
|
|
|
323,000
|
5.30%, 06/30/2033
|
323,513
|
|
|
|
Saudi Arabian Oil Co.
|
|
|
|
455,000
|
5.25%, 07/17/2034(1)
|
455,355
|
|
|
915,000
|
5.88%, 07/17/2064(1)
|
880,688
|
|
|
359,000
|
Shell Finance U.S., Inc. 3.25%, 04/06/2050
|
252,729
|
|
|
|
Shell International Finance BV
|
|
|
|
133,000
|
2.88%, 11/26/2041
|
97,923
|
|
|
1,007,000
|
3.00%, 11/26/2051
|
667,780
|
|
|
|
TotalEnergies Capital SA
|
|
|
|
895,000
|
4.72%, 09/10/2034
|
873,687
|
|
|
1,185,000
|
5.43%, 09/10/2064
|
1,140,634
|
|
|
150,000
|
5.49%, 04/05/2054
|
149,030
|
|
|
1,245,000
|
5.64%, 04/05/2064
|
1,240,620
|
|
|
2,025,000
|
Viper Energy, Inc. 5.38%, 11/01/2027(1)
|
2,001,994
|
|
|
|
|
|
33,840,410
|
|
|
Oil & Gas Services - 0.0%
|
||
|
50,000
|
Schlumberger Holdings Corp. 4.30%,
05/01/2029(1)
|
49,038
|
|
|
|
Packaging & Containers - 0.2%
|
||
|
3,910,000
|
Ball Corp. 6.00%, 06/15/2029
|
3,971,199
|
|
|
|
Pharmaceuticals - 0.2%
|
||
|
|
AbbVie, Inc.
|
|
|
|
555,000
|
4.95%, 03/15/2031
|
560,705
|
|
|
200,000
|
5.40%, 03/15/2054
|
201,513
|
|
|
470,000
|
Bayer U.S. Finance LLC 6.38%,
11/21/2030(1)
|
490,185
|
|
|
680,000
|
Bristol-Myers Squibb Co. 5.55%,
02/22/2054
|
687,838
|
|
|
|
CVS Health Corp.
|
|
|
|
230,000
|
1.75%, 08/21/2030
|
189,602
|
|
|
843,000
|
2.70%, 08/21/2040
|
561,382
|
|
|
680,000
|
4.13%, 04/01/2040
|
549,177
|
|
|
75,000
|
4.78%, 03/25/2038
|
66,934
|
|
|
590,000
|
5.05%, 03/25/2048
|
509,009
|
|
|
|
62
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Pharmaceuticals - 0.2% - (continued)
|
||
|
$ 75,000
|
5.70%, 06/01/2034
|
$75,349
|
|
|
25,000
|
5.88%, 06/01/2053
|
24,055
|
|
|
|
Eli Lilly & Co.
|
|
|
|
370,000
|
4.20%, 08/14/2029
|
365,710
|
|
|
235,000
|
4.60%, 08/14/2034
|
229,696
|
|
|
50,000
|
4.88%, 02/27/2053
|
47,315
|
|
|
45,000
|
5.05%, 08/14/2054
|
43,680
|
|
|
|
|
|
4,602,150
|
|
|
Pipelines - 1.2%
|
||
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
290,000
|
5.10%, 10/01/2031(1)
|
283,548
|
|
|
250,000
|
5.68%, 01/15/2034(1)
|
249,448
|
|
|
2,089,000
|
6.04%, 08/15/2028(1)
|
2,150,334
|
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
205,000
|
5.93%, 08/15/2030(1)
|
213,031
|
|
|
258,000
|
6.04%, 11/15/2033(1)
|
267,174
|
|
|
1,290,000
|
EIG Pearl Holdings SARL 3.55%,
08/31/2036(1)
|
1,117,176
|
|
|
|
Enbridge, Inc.
|
|
|
|
1,505,000
|
5.63%, 04/05/2034
|
1,530,427
|
|
|
811,000
|
5.70%, 03/08/2033
|
831,652
|
|
|
|
Energy Transfer LP
|
|
|
|
350,000
|
4.00%, 10/01/2027
|
342,720
|
|
|
430,000
|
5.15%, 02/01/2043
|
386,243
|
|
|
605,000
|
5.25%, 07/01/2029
|
611,006
|
|
|
50,000
|
5.35%, 05/15/2045
|
45,770
|
|
|
230,000
|
6.40%, 12/01/2030
|
243,842
|
|
|
99,000
|
7.38%, 02/01/2031(1)
|
104,180
|
|
|
|
Enterprise Products Operating LLC
|
|
|
|
335,000
|
3.30%, 02/15/2053
|
228,761
|
|
|
20,000
|
5.95%, 02/01/2041
|
20,977
|
|
|
|
EQM Midstream Partners LP
|
|
|
|
60,000
|
5.50%, 07/15/2028
|
59,552
|
|
|
255,000
|
6.50%, 07/01/2027(1)
|
260,833
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
1,393,722
|
2.16%, 03/31/2034(1)
|
1,207,863
|
|
|
333,804
|
2.94%, 09/30/2040(1)
|
270,012
|
|
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
775,000
|
5.85%, 02/23/2036(1)
|
775,787
|
|
|
890,000
|
6.13%, 02/23/2038(1)
|
911,232
|
|
|
1,425,000
|
6.51%, 02/23/2042(1)
|
1,479,283
|
|
|
1,725,000
|
Hess Midstream Operations LP 6.50%,
06/01/2029(1)
|
1,753,625
|
|
|
|
Kinder Morgan, Inc.
|
|
|
|
350,000
|
5.05%, 02/15/2046
|
311,330
|
|
|
25,000
|
5.30%, 12/01/2034
|
24,660
|
|
|
1,355,000
|
MPLX LP 5.50%, 06/01/2034
|
1,352,289
|
|
|
|
ONEOK, Inc.
|
|
|
|
298,000
|
3.10%, 03/15/2030
|
271,353
|
|
|
140,000
|
3.40%, 09/01/2029
|
130,477
|
|
|
470,000
|
4.40%, 10/15/2029
|
457,830
|
|
|
460,000
|
4.75%, 10/15/2031
|
449,197
|
|
|
39,000
|
4.85%, 02/01/2049
|
33,280
|
|
|
390,000
|
5.05%, 11/01/2034
|
378,410
|
|
|
100,000
|
5.15%, 10/15/2043
|
91,413
|
|
|
820,000
|
5.85%, 11/01/2064
|
791,212
|
|
|
60,000
|
6.00%, 06/15/2035
|
62,354
|
|
|
10,000
|
6.10%, 11/15/2032
|
10,526
|
|
|
90,000
|
7.15%, 01/15/2051
|
100,546
|
|
|
|
Targa Resources Partners LP/Targa
Resources Partners Finance Corp.
|
|
|
|
415,000
|
4.00%, 01/15/2032
|
380,280
|
|
|
100,000
|
4.88%, 02/01/2031
|
97,032
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Pipelines - 1.2% - (continued)
|
||
|
$ 125,000
|
6.88%, 01/15/2029
|
$127,854
|
|
|
76,000
|
Transcontinental Gas Pipe Line Co. LLC
4.00%, 03/15/2028
|
73,897
|
|
|
|
Whistler Pipeline LLC
|
|
|
|
100,000
|
5.40%, 09/30/2029(1)
|
100,437
|
|
|
710,000
|
5.70%, 09/30/2031(1)
|
716,873
|
|
|
335,000
|
5.95%, 09/30/2034(1)
|
338,223
|
|
|
|
|
|
21,643,949
|
|
|
Real Estate Investment Trusts - 0.5%
|
||
|
|
American Tower Corp.
|
|
|
|
380,000
|
1.45%, 09/15/2026
|
357,795
|
|
|
100,000
|
2.40%, 03/15/2025
|
99,051
|
|
|
140,000
|
2.70%, 04/15/2031
|
122,027
|
|
|
783,000
|
3.80%, 08/15/2029
|
744,559
|
|
|
14,000
|
4.05%, 03/15/2032
|
13,103
|
|
|
182,000
|
5.65%, 03/15/2033
|
186,459
|
|
|
440,000
|
Brandywine Operating Partnership LP
8.88%, 04/12/2029
|
476,847
|
|
|
555,000
|
Cousins Properties LP 5.88%, 10/01/2034
|
559,888
|
|
|
|
Crown Castle, Inc.
|
|
|
|
225,000
|
2.50%, 07/15/2031
|
190,692
|
|
|
170,000
|
3.80%, 02/15/2028
|
164,272
|
|
|
1,850,000
|
4.80%, 09/01/2028
|
1,839,889
|
|
|
390,000
|
5.00%, 01/11/2028
|
390,720
|
|
|
755,000
|
5.60%, 06/01/2029
|
773,903
|
|
|
678,000
|
GLP Capital LP/GLP Financing II, Inc.
4.00%, 01/15/2031
|
623,355
|
|
|
440,000
|
NNN, Inc. 5.50%, 06/15/2034
|
445,292
|
|
|
1,060,000
|
Piedmont Operating Partnership LP 6.88%,
07/15/2029
|
1,093,404
|
|
|
675,000
|
SBA Tower Trust 2.84%, 01/15/2050(1)
|
671,952
|
|
|
|
VICI Properties LP
|
|
|
|
408,000
|
4.95%, 02/15/2030
|
400,572
|
|
|
75,000
|
5.13%, 05/15/2032
|
73,447
|
|
|
|
|
|
9,227,227
|
|
|
Retail - 0.3%
|
||
|
|
AutoZone, Inc.
|
|
|
|
95,000
|
3.13%, 04/21/2026
|
92,786
|
|
|
52,000
|
3.63%, 04/15/2025
|
51,693
|
|
|
536,000
|
4.75%, 08/01/2032
|
523,267
|
|
|
360,000
|
4.75%, 02/01/2033
|
350,284
|
|
|
425,000
|
5.40%, 07/15/2034
|
427,554
|
|
|
512,000
|
6.55%, 11/01/2033
|
556,976
|
|
|
|
FirstCash, Inc.
|
|
|
|
2,999,000
|
4.63%, 09/01/2028(1)
|
2,840,602
|
|
|
1,160,000
|
5.63%, 01/01/2030(1)
|
1,126,160
|
|
|
235,000
|
Home Depot, Inc. 5.30%, 06/25/2054
|
233,473
|
|
|
220,000
|
O'Reilly Automotive, Inc. 4.70%, 06/15/2032
|
215,228
|
|
|
|
|
|
6,418,023
|
|
|
Semiconductors - 0.6%
|
||
|
|
Broadcom, Inc.
|
|
|
|
1,520,000
|
4.15%, 02/15/2028
|
1,493,319
|
|
|
50,000
|
4.30%, 11/15/2032
|
47,560
|
|
|
515,000
|
5.05%, 07/12/2029
|
519,394
|
|
|
4,180,000
|
Foundry JV Holdco LLC 6.15%,
01/25/2032(1)
|
4,250,140
|
|
|
|
Intel Corp.
|
|
|
|
250,000
|
2.80%, 08/12/2041
|
165,504
|
|
|
744,000
|
3.05%, 08/12/2051
|
450,636
|
|
|
200,000
|
3.25%, 11/15/2049
|
127,702
|
|
|
940,000
|
3.73%, 12/08/2047
|
653,679
|
|
|
75,000
|
4.00%, 12/15/2032
|
68,283
|
|
|
|
63
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Semiconductors - 0.6% - (continued)
|
||
|
$ 265,000
|
4.75%, 03/25/2050
|
$216,855
|
|
|
680,000
|
5.15%, 02/21/2034(8)
|
664,351
|
|
|
305,000
|
5.70%, 02/10/2053
|
285,045
|
|
|
135,000
|
5.90%, 02/10/2063
|
128,206
|
|
|
773,000
|
Marvell Technology, Inc. 2.45%, 04/15/2028
|
712,378
|
|
|
1,088,000
|
Qorvo, Inc. 3.38%, 04/01/2031(1)
|
946,267
|
|
|
|
|
|
10,729,319
|
|
|
Software - 0.8%
|
||
|
500,000
|
Constellation Software, Inc. 5.46%,
02/16/2034(1)
|
508,079
|
|
|
3,332,000
|
Fair Isaac Corp. 4.00%, 06/15/2028(1)
|
3,164,243
|
|
|
1,004,000
|
MSCI, Inc. 3.63%, 11/01/2031(1)
|
906,406
|
|
|
|
Open Text Corp.
|
|
|
|
3,195,000
|
3.88%, 12/01/2029(1)
|
2,914,821
|
|
|
330,000
|
6.90%, 12/01/2027(1)
|
343,087
|
|
|
802,000
|
Open Text Holdings, Inc. 4.13%,
12/01/2031(1)
|
720,280
|
|
|
|
Oracle Corp.
|
|
|
|
850,000
|
2.88%, 03/25/2031
|
752,724
|
|
|
220,000
|
2.95%, 04/01/2030
|
199,608
|
|
|
476,000
|
3.60%, 04/01/2040
|
379,113
|
|
|
691,000
|
3.60%, 04/01/2050
|
497,555
|
|
|
909,000
|
3.85%, 04/01/2060
|
644,705
|
|
|
150,000
|
3.95%, 03/25/2051
|
114,360
|
|
|
50,000
|
4.00%, 07/15/2046
|
39,364
|
|
|
8,000
|
4.13%, 05/15/2045
|
6,450
|
|
|
3,626,000
|
SS&C Technologies, Inc. 5.50%,
09/30/2027(1)
|
3,611,589
|
|
|
|
|
|
14,802,384
|
|
|
Telecommunications - 0.4%
|
||
|
|
AT&T, Inc.
|
|
|
|
540,000
|
2.55%, 12/01/2033
|
439,264
|
|
|
100,000
|
3.50%, 09/15/2053
|
69,692
|
|
|
1,172,000
|
3.80%, 12/01/2057
|
841,644
|
|
|
|
Cisco Systems, Inc.
|
|
|
|
930,000
|
4.95%, 02/26/2031
|
942,194
|
|
|
465,000
|
5.35%, 02/26/2064
|
466,671
|
|
|
50,000
|
5.50%, 01/15/2040
|
51,723
|
|
|
1,560,000
|
Network i2i Ltd. 5.65%, 01/15/2025, (5.65%
fixed rate until 01/15/2025; 5 yr. USD
CMT + 4.27% thereafter)(6)(7)(9)
|
1,558,097
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
586,000
|
2.05%, 02/15/2028
|
538,450
|
|
|
532,000
|
3.88%, 04/15/2030
|
505,252
|
|
|
990,000
|
4.70%, 01/15/2035
|
953,663
|
|
|
55,000
|
5.05%, 07/15/2033
|
54,762
|
|
|
270,000
|
5.75%, 01/15/2034
|
281,277
|
|
|
25,000
|
5.75%, 01/15/2054
|
25,365
|
|
|
260,000
|
5.80%, 09/15/2062
|
262,792
|
|
|
|
|
|
6,990,846
|
|
|
Transportation - 0.0%
|
||
|
620,000
|
Ryder System, Inc. 4.90%, 12/01/2029
|
618,686
|
|
|
|
Trucking & Leasing - 0.2%
|
||
|
|
Penske Truck Leasing Co. LP/PTL Finance
Corp.
|
|
|
|
1,145,000
|
2.70%, 11/01/2024(1)
|
1,145,000
|
|
|
1,718,000
|
4.00%, 07/15/2025(1)
|
1,705,029
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Trucking & Leasing - 0.2% - (continued)
|
||
|
$ 260,000
|
5.35%, 03/30/2029(1)
|
$263,056
|
|
|
415,000
|
6.05%, 08/01/2028(1)
|
429,478
|
|
|
|
|
|
3,542,563
|
|
|
Total Corporate Bonds
(cost $461,956,235)
|
$460,170,863
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.6%
|
|||
|
|
Bermuda - 0.1%
|
||
|
|
Bermuda Government International Bonds
|
|
|
|
455,000
|
2.38%, 08/20/2030(1)
|
$390,390
|
|
|
1,305,000
|
5.00%, 07/15/2032(1)
|
1,272,375
|
|
|
760,000
|
5.00%, 07/15/2032(7)
|
741,000
|
|
|
|
|
|
2,403,765
|
|
|
Brazil - 0.2%
|
||
|
BRL
25,006,000
|
Brazil Notas do Tesouro Nacional 10.00%,
01/01/2031
|
3,819,398
|
|
|
|
Bulgaria - 0.1%
|
||
|
|
Bulgaria Government International Bonds
|
|
|
|
EUR
845,000
|
1.38%, 09/23/2050(7)
|
549,094
|
|
|
1,195,000
|
4.88%, 05/13/2036(7)
|
1,423,844
|
|
|
|
|
|
1,972,938
|
|
|
Chile - 0.1%
|
||
|
1,460,000
|
Chile Government International Bonds
1.25%, 01/22/2051
|
887,865
|
|
|
|
Colombia - 0.2%
|
||
|
|
Colombia Government International Bonds
|
|
|
|
$ 1,175,000
|
5.00%, 06/15/2045
|
802,807
|
|
|
885,000
|
5.20%, 05/15/2049
|
602,732
|
|
|
200,000
|
5.63%, 02/26/2044
|
149,888
|
|
|
1,680,000
|
7.75%, 11/07/2036
|
1,650,229
|
|
|
785,000
|
8.38%, 11/07/2054
|
763,574
|
|
|
|
|
|
3,969,230
|
|
|
Costa Rica - 0.1%
|
||
|
1,450,000
|
Costa Rica Government International Bonds
6.55%, 04/03/2034(1)
|
1,504,673
|
|
|
|
Hungary - 0.2%
|
||
|
|
Hungary Government International Bonds
|
|
|
|
EUR
2,980,000
|
1.63%, 04/28/2032(7)
|
2,722,129
|
|
|
$ 1,615,000
|
6.13%, 05/22/2028(1)
|
1,661,383
|
|
|
|
|
|
4,383,512
|
|
|
Indonesia - 0.1%
|
||
|
EUR
2,600,000
|
Indonesia Government International Bonds
1.10%, 03/12/2033
|
2,313,548
|
|
|
|
Israel - 0.1%
|
||
|
|
Israel Government International Bonds
|
|
|
|
$ 845,000
|
5.75%, 03/12/2054
|
772,336
|
|
|
200,000
|
6.50%, 11/06/2031(7)
|
208,180
|
|
|
|
|
|
980,516
|
|
|
Ivory Coast - 0.1%
|
||
|
EUR
1,290,000
|
Ivory Coast Government International
Bonds 4.88%, 01/30/2032(7)
|
1,225,080
|
|
|
|
Mexico - 0.4%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
$ 850,000
|
3.50%, 02/12/2034
|
690,358
|
|
|
4,665,000
|
6.00%, 05/07/2036
|
4,525,822
|
|
|
1,515,000
|
6.34%, 05/04/2053
|
1,405,829
|
|
|
|
64
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.6% - (continued)
|
|||
|
|
Mexico - 0.4% - (continued)
|
||
|
$ 575,000
|
6.35%, 02/09/2035
|
$576,896
|
|
|
795,000
|
6.40%, 05/07/2054
|
745,278
|
|
|
|
|
|
7,944,183
|
|
|
North Macedonia - 0.2%
|
||
|
|
North Macedonia Government International
Bonds
|
|
|
|
EUR
770,000
|
2.75%, 01/18/2025(7)
|
831,771
|
|
|
985,000
|
3.68%, 06/03/2026(1)
|
1,052,053
|
|
|
835,000
|
3.68%, 06/03/2026(7)
|
891,841
|
|
|
|
|
|
2,775,665
|
|
|
Panama - 0.0%
|
||
|
|
Panama Government International Bonds
|
|
|
|
$ 330,000
|
6.85%, 03/28/2054
|
303,675
|
|
|
225,000
|
6.88%, 01/31/2036
|
221,417
|
|
|
|
|
|
525,092
|
|
|
Peru - 0.1%
|
||
|
|
Peru Government International Bonds
|
|
|
|
440,000
|
3.00%, 01/15/2034
|
361,546
|
|
|
1,440,000
|
5.38%, 02/08/2035
|
1,416,725
|
|
|
865,000
|
5.88%, 08/08/2054
|
854,226
|
|
|
|
|
|
2,632,497
|
|
|
Philippines - 0.1%
|
||
|
|
Philippines Government International Bonds
|
|
|
|
EUR
1,400,000
|
1.20%, 04/28/2033
|
1,263,228
|
|
|
900,000
|
1.75%, 04/28/2041
|
708,387
|
|
|
|
|
|
1,971,615
|
|
|
Poland - 0.0%
|
||
|
$ 405,000
|
Bank Gospodarstwa Krajowego 5.38%,
05/22/2033(1)
|
402,458
|
|
|
|
Romania - 0.4%
|
||
|
|
Romania Government International Bonds
|
|
|
|
EUR
1,265,000
|
2.63%, 12/02/2040(1)
|
892,731
|
|
|
5,520,000
|
2.75%, 04/14/2041(7)
|
3,955,462
|
|
|
$ 2,328,000
|
5.88%, 01/30/2029(1)
|
2,341,407
|
|
|
|
|
|
7,189,600
|
|
|
Saudi Arabia - 0.1%
|
||
|
|
Saudi Government International Bonds
|
|
|
|
EUR
580,000
|
2.00%, 07/09/2039(7)
|
486,975
|
|
|
$ 1,785,000
|
5.75%, 01/16/2054(1)
|
1,730,361
|
|
|
|
|
|
2,217,336
|
|
|
Total Foreign Government
Obligations
(cost $55,257,253)
|
|
$49,118,971
|
|
MUNICIPAL BONDS - 0.5%
|
|||
|
|
Build America Bonds - 0.0%
|
||
|
335,000
|
State of California, CA, GO 7.30%,
10/01/2039
|
$390,101
|
|
|
65,000
|
State of Illinois, IL, GO, (AGM) 6.88%,
07/01/2025
|
65,845
|
|
|
|
|
|
455,946
|
|
|
Development - 0.1%
|
||
|
1,290,000
|
New York Transportation Dev Corp., NY,
Rev 4.25%, 09/01/2035
|
1,243,720
|
|
|
|
General - 0.2%
|
||
|
250,000
|
Chicago Transit Auth Sales Tax Receipts
Fund, IL, Rev 3.91%, 12/01/2040
|
216,627
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 0.5% - (continued)
|
|||
|
|
General - 0.2% - (continued)
|
||
|
$ 1,630,000
|
County of Riverside, CA, Rev 3.07%,
02/15/2028
|
$1,555,609
|
|
|
1,530,000
|
Philadelphia Auth for Industrial Dev, PA,
Rev, (NPFG) 6.55%, 10/15/2028
|
1,625,871
|
|
|
1,430,000
|
State Board of Administration Finance
Corp., FL, Rev 1.26%, 07/01/2025
|
1,395,355
|
|
|
|
|
|
4,793,462
|
|
|
School District - 0.1%
|
||
|
|
Chicago Board of Education, IL, GO
|
|
|
|
220,000
|
6.14%, 12/01/2039
|
210,202
|
|
|
885,000
|
6.32%, 11/01/2029
|
894,462
|
|
|
|
|
|
1,104,664
|
|
|
Transportation - 0.0%
|
||
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
600,000
|
5.00%, 11/15/2050
|
621,464
|
|
|
140,000
|
5.18%, 11/15/2049
|
124,377
|
|
|
|
|
|
745,841
|
|
|
Utilities - 0.1%
|
||
|
1,255,957
|
Texas Natural Gas Securitization Finance
Corp., TX, Rev 5.10%, 04/01/2035
|
1,274,781
|
|
|
|
Utility - Electric - 0.0%
|
||
|
417,000
|
Municipal Electric Auth of Georgia, GA, Rev
6.64%, 04/01/2057
|
463,016
|
|
|
|
Total Municipal Bonds
(cost $10,485,582)
|
|
$10,081,430
|
|
U.S. GOVERNMENT AGENCIES - 38.7%
|
|||
|
|
Mortgage-Backed Agencies - 38.7%
|
||
|
|
Federal Home Loan Mortgage Corp. - 10.5%
|
||
|
8,769,613
|
0.28%, 05/25/2034(3)(4)
|
$223,230
|
|
|
4,566,488
|
0.37%, 12/25/2033(3)(4)
|
137,430
|
|
|
3,097,877
|
0.48%, 01/25/2034(3)(4)
|
95,402
|
|
|
1,405,443
|
0.62%, 10/25/2026(3)(4)
|
14,459
|
|
|
6,545,052
|
0.72%, 12/25/2030(3)(4)
|
233,380
|
|
|
3,212,228
|
0.74%, 06/25/2027(3)(4)
|
49,598
|
|
|
1,459,607
|
0.88%, 11/25/2030(3)(4)
|
61,275
|
|
|
583,546
|
1.00%, 10/25/2040
|
463,932
|
|
|
1,012,308
|
1.00%, 02/25/2051
|
855,443
|
|
|
2,559,653
|
1.02%, 10/25/2030(3)(4)
|
120,699
|
|
|
3,362,535
|
1.11%, 01/25/2030(3)(4)
|
156,198
|
|
|
4,249,103
|
1.11%, 06/25/2030(3)(4)
|
216,703
|
|
|
3,299,172
|
1.43%, 05/25/2030(3)(4)
|
212,354
|
|
|
4,780,869
|
1.50%, 05/15/2037(3)
|
259,370
|
|
|
2,717,855
|
1.50%, 09/25/2047
|
2,232,161
|
|
|
2,062,297
|
1.57%, 05/25/2030(3)(4)
|
143,951
|
|
|
222,253
|
1.75%, 10/15/2042
|
189,796
|
|
|
994,457
|
2.00%, 05/01/2036
|
891,272
|
|
|
334,609
|
2.00%, 06/01/2036
|
299,885
|
|
|
27,815
|
2.00%, 12/01/2036
|
24,808
|
|
|
48,712
|
2.00%, 03/01/2037
|
43,442
|
|
|
167,161
|
2.00%, 12/01/2040
|
141,350
|
|
|
996,865
|
2.00%, 05/01/2041
|
839,968
|
|
|
3,216,867
|
2.00%, 06/01/2041
|
2,709,055
|
|
|
1,114,187
|
2.00%, 12/01/2041
|
934,827
|
|
|
671,945
|
2.00%, 10/01/2050
|
537,407
|
|
|
791,723
|
2.00%, 02/01/2051
|
639,501
|
|
|
4,122,679
|
2.00%, 03/01/2051
|
3,300,310
|
|
|
1,407,994
|
2.00%, 04/01/2051
|
1,123,831
|
|
|
758,246
|
2.00%, 05/01/2051
|
612,465
|
|
|
743,889
|
2.00%, 07/01/2051
|
593,304
|
|
|
326,022
|
2.00%, 08/01/2051
|
260,828
|
|
|
|
65
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 10.5% - (continued)
|
||
|
$ 329,110
|
2.00%, 11/01/2051
|
$264,603
|
|
|
1,202,473
|
2.00%, 01/01/2052
|
965,341
|
|
|
1,304,714
|
2.00%, 04/01/2052
|
1,052,601
|
|
|
2,129,167
|
2.00%, 06/15/2052(3)
|
276,642
|
|
|
2,560,391
|
2.50%, 04/25/2036(3)
|
240,391
|
|
|
286,000
|
2.50%, 10/25/2041
|
230,134
|
|
|
479,558
|
2.50%, 05/01/2050
|
404,068
|
|
|
581,645
|
2.50%, 06/01/2050
|
488,189
|
|
|
1,527,864
|
2.50%, 06/25/2050(3)
|
218,287
|
|
|
3,400,020
|
2.50%, 07/01/2050
|
2,856,138
|
|
|
936,117
|
2.50%, 08/01/2050
|
785,059
|
|
|
1,394,474
|
2.50%, 09/01/2050
|
1,169,873
|
|
|
1,084,799
|
2.50%, 10/01/2050
|
913,252
|
|
|
1,016,261
|
2.50%, 11/01/2050
|
850,397
|
|
|
308,638
|
2.50%, 02/01/2051
|
259,191
|
|
|
780,933
|
2.50%, 03/01/2051
|
649,411
|
|
|
348,151
|
2.50%, 05/01/2051
|
291,326
|
|
|
226,031
|
2.50%, 07/01/2051
|
189,065
|
|
|
316,002
|
2.50%, 08/01/2051
|
264,013
|
|
|
534,657
|
2.50%, 10/01/2051
|
446,807
|
|
|
2,519,959
|
2.50%, 11/01/2051
|
2,123,856
|
|
|
1,476,755
|
2.50%, 03/15/2052(3)
|
222,747
|
|
|
937,860
|
2.50%, 03/25/2052
|
819,697
|
|
|
2,160,491
|
2.50%, 04/01/2052
|
1,804,747
|
|
|
3,000,537
|
2.50%, 08/25/2052(3)
|
450,357
|
|
|
1,003,568
|
3.00%, 10/01/2032
|
959,545
|
|
|
3,279
|
3.00%, 05/15/2041
|
3,099
|
|
|
84,859
|
3.00%, 07/01/2047
|
74,665
|
|
|
290,875
|
3.00%, 12/15/2047
|
224,665
|
|
|
119,282
|
3.00%, 01/01/2048
|
104,933
|
|
|
2,781,459
|
3.00%, 12/25/2049(3)
|
476,517
|
|
|
997,530
|
3.00%, 07/01/2050
|
876,512
|
|
|
713,799
|
3.00%, 08/01/2050
|
624,280
|
|
|
500,450
|
3.00%, 08/01/2051
|
433,192
|
|
|
2,492,269
|
3.00%, 08/25/2051(3)
|
423,038
|
|
|
2,043,440
|
3.00%, 09/25/2051(3)
|
783,853
|
|
|
1,039,354
|
3.00%, 10/01/2051
|
904,741
|
|
|
395,272
|
3.00%, 01/01/2052
|
345,488
|
|
|
1,967,042
|
3.00%, 05/01/2052
|
1,698,807
|
|
|
117,938
|
3.00%, 07/01/2052
|
101,692
|
|
|
2,901,309
|
3.00%, 08/01/2052
|
2,501,734
|
|
|
1,020,502
|
3.50%, 01/15/2033(3)
|
91,262
|
|
|
354,164
|
3.50%, 05/15/2034(3)
|
29,606
|
|
|
603,840
|
3.50%, 10/15/2042
|
555,386
|
|
|
256,806
|
3.50%, 10/15/2045
|
232,339
|
|
|
600,579
|
3.50%, 12/01/2046
|
545,918
|
|
|
562,806
|
3.50%, 12/15/2046
|
513,267
|
|
|
374,399
|
3.50%, 01/01/2047
|
343,891
|
|
|
243,703
|
3.50%, 03/15/2047
|
222,056
|
|
|
112,907
|
3.50%, 06/01/2047
|
102,611
|
|
|
136,622
|
3.50%, 12/01/2047
|
123,891
|
|
|
154,419
|
3.50%, 01/01/2048
|
140,206
|
|
|
213,376
|
3.50%, 12/01/2048
|
193,483
|
|
|
827,033
|
3.50%, 04/01/2050
|
751,026
|
|
|
288,621
|
4.00%, 05/01/2038
|
279,450
|
|
|
370,343
|
4.00%, 05/25/2040(3)
|
53,312
|
|
|
649,224
|
4.00%, 09/15/2041
|
622,482
|
|
|
8,567
|
4.00%, 01/01/2042
|
8,148
|
|
|
152,119
|
4.00%, 03/01/2042
|
144,922
|
|
|
3,990
|
4.00%, 04/01/2042
|
3,796
|
|
|
6,223
|
4.00%, 06/01/2042
|
5,905
|
|
|
1,646,996
|
4.00%, 03/25/2045(3)
|
283,953
|
|
|
93,700
|
4.00%, 04/01/2047
|
88,570
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 10.5% - (continued)
|
||
|
$ 180,301
|
4.00%, 11/01/2047
|
$169,555
|
|
|
381,027
|
4.00%, 12/01/2047
|
364,176
|
|
|
1,236,480
|
4.00%, 04/01/2049
|
1,157,155
|
|
|
334,960
|
4.00%, 05/01/2049
|
314,960
|
|
|
1,016,701
|
4.00%, 07/01/2049
|
956,647
|
|
|
1,426,310
|
4.00%, 09/25/2050(3)
|
293,294
|
|
|
1,011,043
|
4.50%, 07/01/2052
|
961,931
|
|
|
3,944,938
|
4.50%, 08/01/2054
|
3,746,538
|
|
|
78,754
|
5.00%, 09/01/2035
|
78,631
|
|
|
301,414
|
5.00%, 09/15/2036(3)
|
46,142
|
|
|
930,420
|
5.00%, 03/15/2045(3)
|
196,397
|
|
|
166,922
|
5.00%, 02/15/2048(3)
|
34,264
|
|
|
40,516
|
5.00%, 09/01/2048
|
40,188
|
|
|
26,469
|
5.00%, 02/01/2049
|
26,228
|
|
|
6,466,495
|
5.00%, 09/01/2052
|
6,295,915
|
|
|
757,495
|
5.00%, 10/01/2052
|
737,023
|
|
|
88,058
|
5.00%, 11/01/2052
|
85,851
|
|
|
27,492
|
5.00%, 01/01/2053
|
26,761
|
|
|
2,582,203
|
5.00%, 04/01/2053
|
2,513,893
|
|
|
4,200,000
|
5.00%, 11/01/2054
|
4,082,696
|
|
|
1,797,000
|
5.36%, 01/25/2029(4)
|
1,845,861
|
|
|
7,142
|
5.50%, 02/01/2029
|
7,189
|
|
|
2,731,033
|
5.50%, 12/01/2037
|
2,758,251
|
|
|
11,824
|
5.50%, 12/01/2038
|
11,948
|
|
|
367,201
|
5.50%, 05/15/2040(3)
|
72,795
|
|
|
340,432
|
5.50%, 06/15/2046(3)
|
61,571
|
|
|
315,747
|
5.50%, 10/15/2046(3)
|
61,253
|
|
|
279,780
|
5.50%, 02/01/2049
|
282,365
|
|
|
31,461
|
5.50%, 03/01/2049
|
31,674
|
|
|
1,134,967
|
5.50%, 02/01/2053
|
1,131,093
|
|
|
2,229,957
|
5.50%, 04/01/2053
|
2,214,579
|
|
|
20,140,502
|
5.50%, 04/01/2054
|
19,953,482
|
|
|
37,201,907
|
5.50%, 09/01/2054
|
36,856,450
|
|
|
1,044,226
|
6.00%, 11/01/2052
|
1,054,014
|
|
|
735,628
|
6.00%, 12/01/2052
|
745,020
|
|
|
336,619
|
6.00%, 03/01/2053
|
342,532
|
|
|
6,928,449
|
6.00%, 09/01/2053
|
6,973,584
|
|
|
801,597
|
6.00%, 11/01/2053
|
807,093
|
|
|
1,867,864
|
6.00%, 12/01/2053
|
1,880,032
|
|
|
433,435
|
6.00%, 01/01/2054
|
436,258
|
|
|
2,048,426
|
6.00%, 02/01/2054
|
2,061,772
|
|
|
726,316
|
6.00%, 03/01/2054
|
732,982
|
|
|
1,342,860
|
6.00%, 04/01/2054
|
1,358,302
|
|
|
2,853,013
|
6.00%, 05/01/2054
|
2,871,600
|
|
|
6,147,845
|
6.00%, 06/01/2054
|
6,213,993
|
|
|
3,854,245
|
6.00%, 08/01/2054
|
3,903,021
|
|
|
379,870
|
6.71%, 11/25/2043, 30 day USD SOFR
Average + 1.85%(1)(2)
|
384,135
|
|
|
653,000
|
6.96%, 09/25/2041, 30 day USD SOFR
Average + 2.10%(1)(2)
|
658,294
|
|
|
892,000
|
7.76%, 04/25/2042, 30 day USD SOFR
Average + 2.90%(1)(2)
|
922,748
|
|
|
1,310,000
|
8.21%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(2)
|
1,364,037
|
|
|
2,545,000
|
8.21%, 06/25/2043, 30 day USD SOFR
Average + 3.35%(1)(2)
|
2,659,525
|
|
|
1,445,000
|
8.26%, 10/25/2041, 30 day USD SOFR
Average + 3.40%(1)(2)
|
1,487,610
|
|
|
2,819,800
|
8.36%, 03/25/2042, 30 day USD SOFR
Average + 3.50%(1)(2)
|
2,937,893
|
|
|
2,460,000
|
8.36%, 05/25/2043, 30 day USD SOFR
Average + 3.50%(1)(2)
|
2,604,164
|
|
|
|
66
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 10.5% - (continued)
|
||
|
$ 380,000
|
8.41%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(2)
|
$398,968
|
|
|
1,380,000
|
8.51%, 11/25/2041, 30 day USD SOFR
Average + 3.65%(1)(2)
|
1,431,316
|
|
|
3,460,000
|
8.56%, 09/25/2042, 30 day USD SOFR
Average + 3.70%(1)(2)
|
3,645,799
|
|
|
1,305,000
|
8.61%, 02/25/2042, 30 day USD SOFR
Average + 3.75%(1)(2)
|
1,366,117
|
|
|
970,000
|
8.86%, 07/25/2042, 30 day USD SOFR
Average + 4.00%(1)(2)
|
1,030,926
|
|
|
1,593,000
|
9.36%, 06/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
1,711,495
|
|
|
2,280,000
|
10.11%, 03/25/2042, 30 day USD SOFR
Average + 5.25%(1)(2)
|
2,456,532
|
|
|
1,060,000
|
10.11%, 05/25/2042, 30 day USD SOFR
Average + 5.25%(1)(2)
|
1,149,277
|
|
|
1,120,000
|
11.61%, 06/25/2042, 30 day USD SOFR
Average + 6.75%(1)(2)
|
1,258,354
|
|
|
|
|
|
196,990,216
|
|
|
Federal National Mortgage Association - 10.1%
|
||
|
123,598
|
0.00%, 06/25/2041(10)(11)
|
90,991
|
|
|
2,273,859
|
0.30%, 01/25/2030(3)(4)
|
21,006
|
|
|
5,857,329
|
1.13%, 06/25/2034(3)(4)
|
311,739
|
|
|
3,449,284
|
1.45%, 05/25/2029(3)(4)
|
136,571
|
|
|
3,080,004
|
1.50%, 11/25/2035(3)
|
156,067
|
|
|
206,869
|
1.50%, 07/01/2051
|
156,307
|
|
|
3,587,555
|
1.50%, 09/01/2051
|
2,715,696
|
|
|
721,954
|
2.00%, 03/01/2036
|
647,956
|
|
|
1,029,094
|
2.00%, 05/01/2036
|
922,311
|
|
|
1,186,902
|
2.00%, 06/01/2036
|
1,063,770
|
|
|
1,128,317
|
2.00%, 08/01/2036
|
1,011,225
|
|
|
617,305
|
2.00%, 09/01/2036
|
553,236
|
|
|
382,602
|
2.00%, 12/01/2036
|
342,888
|
|
|
144,843
|
2.00%, 02/01/2037
|
129,807
|
|
|
596,437
|
2.00%, 09/01/2040
|
505,109
|
|
|
2,155,447
|
2.00%, 12/01/2040
|
1,823,586
|
|
|
581,379
|
2.00%, 04/01/2041
|
490,186
|
|
|
204,296
|
2.00%, 05/01/2041
|
172,145
|
|
|
1,933
|
2.00%, 09/25/2041
|
1,799
|
|
|
812,698
|
2.00%, 10/01/2041
|
682,289
|
|
|
3,535
|
2.00%, 12/25/2041
|
3,254
|
|
|
525,258
|
2.00%, 02/01/2042
|
443,518
|
|
|
249,998
|
2.00%, 03/25/2044
|
233,797
|
|
|
264,951
|
2.00%, 05/25/2044
|
243,280
|
|
|
521,459
|
2.00%, 08/25/2050
|
351,736
|
|
|
2,034,184
|
2.00%, 10/01/2050
|
1,633,777
|
|
|
4,055,068
|
2.00%, 10/25/2050(3)
|
504,479
|
|
|
1,652,856
|
2.00%, 12/01/2050
|
1,326,931
|
|
|
3,636,766
|
2.00%, 02/01/2051
|
2,907,845
|
|
|
5,662,142
|
2.00%, 03/01/2051
|
4,515,529
|
|
|
7,461,052
|
2.00%, 04/01/2051
|
5,948,698
|
|
|
1,102,684
|
2.00%, 05/01/2051
|
876,833
|
|
|
596,403
|
2.00%, 06/01/2051
|
475,757
|
|
|
251,727
|
2.00%, 07/01/2051
|
201,024
|
|
|
1,419,304
|
2.00%, 08/01/2051
|
1,142,277
|
|
|
1,370,273
|
2.00%, 09/01/2051
|
1,098,095
|
|
|
2,048,348
|
2.00%, 03/25/2052(3)
|
250,585
|
|
|
8,506,369
|
2.00%, 04/01/2052
|
6,783,156
|
|
|
412,619
|
2.25%, 04/01/2033
|
345,107
|
|
|
989,329
|
2.50%, 06/25/2045
|
807,880
|
|
|
6,787
|
2.50%, 03/25/2046
|
6,210
|
|
|
597,430
|
2.50%, 04/01/2050
|
499,770
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal National Mortgage Association - 10.1% - (continued)
|
||
|
$ 583,364
|
2.50%, 06/01/2050
|
$488,188
|
|
|
4,328,883
|
2.50%, 07/01/2050
|
3,642,905
|
|
|
911,550
|
2.50%, 09/01/2050
|
762,546
|
|
|
1,474,684
|
2.50%, 10/01/2050
|
1,242,437
|
|
|
1,594,299
|
2.50%, 12/01/2050
|
1,334,095
|
|
|
366,973
|
2.50%, 01/01/2051
|
308,916
|
|
|
2,439,045
|
2.50%, 02/01/2051
|
2,038,355
|
|
|
1,556,727
|
2.50%, 02/25/2051(3)
|
264,986
|
|
|
2,318,042
|
2.50%, 04/25/2051(3)
|
372,242
|
|
|
7,912,520
|
2.50%, 05/01/2051
|
6,644,269
|
|
|
1,400,684
|
2.50%, 06/01/2051
|
1,168,758
|
|
|
756,186
|
2.50%, 07/01/2051
|
632,763
|
|
|
337,762
|
2.50%, 08/01/2051
|
285,563
|
|
|
495,596
|
2.50%, 09/01/2051
|
414,312
|
|
|
7,342,719
|
2.50%, 10/01/2051
|
6,146,648
|
|
|
7,104,378
|
2.50%, 11/01/2051
|
5,973,503
|
|
|
2,197,308
|
2.50%, 12/01/2051
|
1,839,904
|
|
|
851,245
|
2.50%, 01/01/2052
|
714,707
|
|
|
1,217,163
|
2.50%, 03/01/2052
|
1,014,886
|
|
|
483,946
|
2.50%, 04/01/2052
|
404,268
|
|
|
2,060,348
|
2.50%, 06/25/2052(3)
|
321,326
|
|
|
2,419,659
|
2.50%, 09/25/2052(3)
|
377,735
|
|
|
1,169,934
|
2.50%, 01/01/2057
|
968,279
|
|
|
455,782
|
3.00%, 04/25/2033(3)
|
27,914
|
|
|
152,193
|
3.00%, 08/01/2033
|
145,644
|
|
|
1,056,615
|
3.00%, 06/01/2038
|
995,636
|
|
|
424,014
|
3.00%, 11/25/2042
|
379,573
|
|
|
3,331
|
3.00%, 02/25/2043
|
3,243
|
|
|
1,016,162
|
3.00%, 06/01/2043
|
915,575
|
|
|
1,136,208
|
3.00%, 11/01/2044
|
1,012,632
|
|
|
1,029,799
|
3.00%, 01/25/2045
|
910,777
|
|
|
61,804
|
3.00%, 01/25/2046
|
56,555
|
|
|
841,879
|
3.00%, 02/25/2047
|
767,965
|
|
|
298,542
|
3.00%, 08/25/2049
|
266,371
|
|
|
109,240
|
3.00%, 12/01/2049
|
95,855
|
|
|
368,059
|
3.00%, 02/01/2050
|
322,705
|
|
|
1,549,419
|
3.00%, 07/01/2050
|
1,359,736
|
|
|
1,438,350
|
3.00%, 08/01/2050
|
1,263,173
|
|
|
596,608
|
3.00%, 10/01/2050
|
519,818
|
|
|
2,378,057
|
3.00%, 12/01/2050
|
2,084,344
|
|
|
727,019
|
3.00%, 05/01/2051
|
638,707
|
|
|
177,544
|
3.00%, 06/01/2051
|
154,501
|
|
|
1,515,240
|
3.00%, 07/01/2051
|
1,317,752
|
|
|
340,513
|
3.00%, 08/01/2051
|
298,083
|
|
|
1,224,537
|
3.00%, 09/01/2051
|
1,070,245
|
|
|
2,069,147
|
3.00%, 10/01/2051
|
1,799,185
|
|
|
1,950,007
|
3.00%, 11/01/2051
|
1,696,835
|
|
|
1,071,374
|
3.00%, 12/01/2051
|
931,779
|
|
|
511,999
|
3.00%, 01/01/2052
|
443,659
|
|
|
1,648,684
|
3.00%, 01/25/2052(3)
|
236,962
|
|
|
621,212
|
3.00%, 04/01/2052
|
539,514
|
|
|
767,428
|
3.00%, 05/01/2052
|
666,739
|
|
|
24,015
|
3.00%, 06/01/2052
|
20,723
|
|
|
569,050
|
3.00%, 09/01/2052
|
490,800
|
|
|
1,109,637
|
3.50%, 07/25/2033(3)
|
84,967
|
|
|
449,309
|
3.50%, 08/25/2033(3)
|
40,242
|
|
|
244,086
|
3.50%, 04/25/2034(3)
|
10,871
|
|
|
872,654
|
3.50%, 05/01/2037
|
830,185
|
|
|
524,629
|
3.50%, 11/25/2039(3)
|
48,325
|
|
|
434,074
|
3.50%, 10/01/2041
|
399,579
|
|
|
3,240
|
3.50%, 05/25/2042
|
3,081
|
|
|
1,344,211
|
3.50%, 08/01/2043
|
1,228,879
|
|
|
55,006
|
3.50%, 07/25/2044
|
54,395
|
|
|
|
67
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal National Mortgage Association - 10.1% - (continued)
|
||
|
$ 194,870
|
3.50%, 12/01/2045
|
$177,194
|
|
|
185,237
|
3.50%, 01/01/2046
|
168,465
|
|
|
136,847
|
3.50%, 03/01/2046
|
124,723
|
|
|
696,536
|
3.50%, 12/01/2046
|
639,456
|
|
|
237,190
|
3.50%, 05/01/2047
|
215,684
|
|
|
1,836,214
|
3.50%, 09/01/2047
|
1,665,100
|
|
|
1,768,277
|
3.50%, 12/01/2047
|
1,603,487
|
|
|
209,086
|
3.50%, 01/01/2048
|
189,594
|
|
|
2,311,175
|
3.50%, 02/01/2048
|
2,116,329
|
|
|
76,450
|
3.50%, 06/01/2048
|
69,322
|
|
|
365,186
|
3.50%, 07/01/2048
|
332,073
|
|
|
77,954
|
3.50%, 11/01/2048
|
70,691
|
|
|
1,210,612
|
3.50%, 03/25/2049
|
1,105,137
|
|
|
517,948
|
3.50%, 04/25/2049
|
490,710
|
|
|
600,780
|
3.50%, 06/01/2049
|
552,214
|
|
|
372,751
|
3.50%, 09/01/2050
|
339,669
|
|
|
804,684
|
3.50%, 11/01/2051
|
722,057
|
|
|
1,200,749
|
3.50%, 04/01/2052
|
1,083,905
|
|
|
662,141
|
3.50%, 05/01/2056
|
590,518
|
|
|
548,341
|
3.50%, 11/25/2057
|
518,922
|
|
|
989,162
|
3.50%, 05/01/2058
|
882,169
|
|
|
930,402
|
3.50%, 12/25/2058
|
828,113
|
|
|
760,000
|
3.52%, 11/01/2032
|
700,592
|
|
|
556,106
|
4.00%, 08/01/2038
|
543,556
|
|
|
2,059
|
4.00%, 11/01/2040
|
1,962
|
|
|
29,782
|
4.00%, 02/01/2041
|
28,383
|
|
|
338,203
|
4.00%, 06/01/2041
|
324,320
|
|
|
4,088
|
4.00%, 09/01/2041
|
3,894
|
|
|
6,613
|
4.00%, 10/01/2041
|
6,303
|
|
|
154,847
|
4.00%, 01/01/2042
|
147,146
|
|
|
192,753
|
4.00%, 02/01/2042
|
183,321
|
|
|
53,898
|
4.00%, 05/01/2042
|
51,149
|
|
|
2,161
|
4.00%, 09/01/2042
|
2,064
|
|
|
799,958
|
4.00%, 01/01/2043
|
761,370
|
|
|
16,420
|
4.00%, 10/01/2043
|
15,644
|
|
|
1,341,030
|
4.00%, 12/01/2043
|
1,269,268
|
|
|
193,318
|
4.00%, 03/01/2046
|
182,255
|
|
|
253,478
|
4.00%, 09/01/2047
|
237,396
|
|
|
455,658
|
4.00%, 10/01/2047
|
427,034
|
|
|
236,233
|
4.00%, 11/01/2047
|
221,246
|
|
|
1,475,402
|
4.00%, 06/01/2048
|
1,384,554
|
|
|
1,828,381
|
4.00%, 10/01/2048
|
1,712,530
|
|
|
691,947
|
4.00%, 01/01/2049
|
649,925
|
|
|
1,566,010
|
4.00%, 04/01/2049
|
1,460,460
|
|
|
89,011
|
4.00%, 08/01/2049
|
83,918
|
|
|
538,261
|
4.00%, 09/01/2049
|
504,121
|
|
|
3,282,957
|
4.00%, 02/25/2050(3)
|
638,891
|
|
|
1,115,726
|
4.00%, 04/01/2050
|
1,044,919
|
|
|
1,692,232
|
4.00%, 06/25/2050(3)
|
332,980
|
|
|
1,446,217
|
4.00%, 09/25/2050(3)
|
283,375
|
|
|
1,802,454
|
4.00%, 11/25/2050(3)
|
370,081
|
|
|
721,962
|
4.00%, 08/01/2051
|
678,937
|
|
|
2,077,768
|
4.00%, 04/01/2052
|
1,920,325
|
|
|
761,291
|
4.00%, 06/01/2052
|
706,829
|
|
|
1,996,519
|
4.39%, 04/01/2029
|
1,976,258
|
|
|
1,819,767
|
4.48%, 02/01/2029
|
1,808,650
|
|
|
562,909
|
4.50%, 12/01/2037
|
555,261
|
|
|
384,919
|
4.50%, 04/01/2048
|
370,715
|
|
|
168,478
|
4.50%, 04/01/2049
|
162,091
|
|
|
724,363
|
4.50%, 01/01/2051
|
700,405
|
|
|
1,198,851
|
4.50%, 08/01/2052
|
1,140,615
|
|
|
1,336,979
|
4.50%, 03/01/2053
|
1,269,740
|
|
|
4,924,531
|
4.50%, 10/01/2053
|
4,677,672
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Federal National Mortgage Association - 10.1% - (continued)
|
||
|
$ 4,660,290
|
4.50%, 11/01/2053
|
$4,426,199
|
|
|
215,000
|
4.75%, 04/01/2028
|
215,418
|
|
|
1,900,000
|
4.91%, 01/01/2029
|
1,917,531
|
|
|
264,019
|
5.00%, 06/25/2048(3)
|
40,650
|
|
|
983,783
|
5.00%, 07/01/2052
|
959,757
|
|
|
7,900,447
|
5.00%, 09/01/2052
|
7,691,284
|
|
|
221,106
|
5.00%, 10/01/2052
|
215,129
|
|
|
112,649
|
5.00%, 11/01/2052
|
109,551
|
|
|
133,282
|
5.00%, 12/01/2052
|
129,800
|
|
|
1,465,000
|
5.07%, 12/01/2028
|
1,486,682
|
|
|
917,700
|
5.50%, 04/01/2038
|
926,847
|
|
|
278,172
|
5.50%, 04/25/2044(3)
|
43,643
|
|
|
2,413,461
|
5.50%, 12/25/2051
|
2,413,131
|
|
|
722,599
|
5.50%, 10/01/2052
|
720,988
|
|
|
1,368,273
|
5.50%, 11/01/2052
|
1,358,822
|
|
|
2,450,323
|
5.50%, 12/01/2052
|
2,433,330
|
|
|
1,372,635
|
5.50%, 06/01/2053
|
1,363,168
|
|
|
1,568,105
|
5.50%, 07/01/2053
|
1,556,287
|
|
|
2,226,939
|
6.00%, 08/25/2044
|
2,247,803
|
|
|
345,458
|
6.00%, 01/01/2053
|
347,837
|
|
|
769,413
|
6.00%, 05/01/2053
|
784,060
|
|
|
427,195
|
6.00%, 11/01/2053
|
429,985
|
|
|
2,566,968
|
6.00%, 12/01/2053
|
2,583,692
|
|
|
364,231
|
6.00%, 01/01/2054
|
366,605
|
|
|
1,318,311
|
6.00%, 02/01/2054
|
1,326,899
|
|
|
1,469,916
|
6.00%, 03/01/2054
|
1,479,509
|
|
|
1,693,597
|
6.00%, 05/01/2054
|
1,704,631
|
|
|
1,427,643
|
6.00%, 06/01/2054
|
1,436,944
|
|
|
1,376,179
|
6.00%, 09/01/2054
|
1,386,429
|
|
|
|
|
|
190,157,635
|
|
|
Government National Mortgage Association - 8.3%
|
||
|
125,004
|
2.00%, 06/16/2042
|
114,218
|
|
|
1,227,550
|
2.00%, 10/20/2050
|
1,002,701
|
|
|
3,571,677
|
2.00%, 12/20/2050
|
2,917,488
|
|
|
23,865,000
|
2.00%, 11/20/2054(12)
|
19,457,027
|
|
|
35,893
|
2.50%, 05/20/2040
|
35,022
|
|
|
1,711,252
|
2.50%, 10/20/2049
|
1,493,835
|
|
|
1,281,346
|
2.50%, 11/20/2049
|
1,092,909
|
|
|
1,013,660
|
2.50%, 03/20/2051
|
860,502
|
|
|
895,336
|
2.50%, 09/20/2051
|
758,999
|
|
|
3,000,210
|
2.50%, 10/20/2051
|
2,543,197
|
|
|
31,600,000
|
2.50%, 11/20/2054(12)
|
26,766,104
|
|
|
1,291,335
|
3.00%, 01/16/2044
|
1,152,014
|
|
|
653,129
|
3.00%, 11/20/2045
|
574,340
|
|
|
615,500
|
3.00%, 02/20/2047
|
542,538
|
|
|
499,322
|
3.00%, 05/20/2049
|
455,402
|
|
|
187,747
|
3.00%, 03/20/2050
|
165,376
|
|
|
2,651,640
|
3.00%, 07/20/2050(3)
|
330,250
|
|
|
424,816
|
3.00%, 11/20/2050
|
374,084
|
|
|
3,841,699
|
3.00%, 04/20/2051
|
3,374,613
|
|
|
2,209,572
|
3.00%, 08/20/2051
|
1,940,285
|
|
|
1,405,982
|
3.00%, 09/20/2051
|
1,234,215
|
|
|
437,006
|
3.00%, 10/20/2051
|
383,443
|
|
|
3,036,571
|
3.00%, 12/20/2051
|
2,664,631
|
|
|
748,170
|
3.00%, 02/20/2052
|
676,650
|
|
|
693,450
|
3.00%, 04/20/2052
|
608,380
|
|
|
4,935,000
|
3.00%, 11/20/2054(12)
|
4,326,634
|
|
|
208,470
|
3.50%, 11/20/2042
|
189,273
|
|
|
722,792
|
3.50%, 03/20/2044
|
666,531
|
|
|
457,748
|
3.50%, 06/20/2046
|
419,471
|
|
|
100,251
|
3.50%, 07/20/2046
|
91,778
|
|
|
105,226
|
3.50%, 10/20/2046
|
96,364
|
|
|
|
68
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Government National Mortgage Association - 8.3% - (continued)
|
||
|
$ 462,211
|
3.50%, 02/20/2047
|
$422,330
|
|
|
123,666
|
3.50%, 05/20/2047
|
112,947
|
|
|
126,255
|
3.50%, 07/20/2047
|
115,282
|
|
|
92,883
|
3.50%, 11/20/2047
|
84,798
|
|
|
113,454
|
3.50%, 03/20/2048
|
103,556
|
|
|
531,587
|
3.50%, 02/20/2049
|
484,868
|
|
|
554,541
|
3.50%, 06/20/2050
|
504,782
|
|
|
1,183,559
|
3.50%, 11/20/2052
|
1,055,292
|
|
|
1,689,269
|
3.50%, 01/20/2053
|
1,527,003
|
|
|
10,950,000
|
3.50%, 11/20/2054(12)
|
9,894,796
|
|
|
275,946
|
3.88%, 08/15/2042
|
261,602
|
|
|
906,594
|
4.00%, 09/16/2042(3)
|
200,711
|
|
|
289,418
|
4.00%, 09/20/2042(3)
|
35,612
|
|
|
200,265
|
4.00%, 12/20/2044(3)
|
37,781
|
|
|
433,075
|
4.00%, 08/20/2045
|
412,080
|
|
|
585,961
|
4.00%, 09/20/2047
|
552,886
|
|
|
16,164
|
4.00%, 04/20/2048
|
15,201
|
|
|
845,522
|
4.00%, 07/20/2048
|
796,717
|
|
|
11,755,000
|
4.00%, 11/20/2054(12)
|
10,942,252
|
|
|
846,760
|
4.50%, 02/20/2040
|
829,951
|
|
|
758,710
|
4.50%, 05/20/2041
|
743,099
|
|
|
632,565
|
4.50%, 06/16/2043(3)
|
119,762
|
|
|
305,216
|
4.50%, 05/20/2045(3)
|
68,733
|
|
|
451,486
|
4.50%, 08/20/2045(3)
|
83,607
|
|
|
502,857
|
4.50%, 12/16/2046(3)
|
73,773
|
|
|
331,993
|
4.50%, 05/20/2048(3)
|
51,909
|
|
|
217,012
|
4.50%, 06/20/2048(3)
|
38,852
|
|
|
159,010
|
4.50%, 05/20/2052
|
152,112
|
|
|
667,990
|
4.50%, 08/20/2052
|
638,807
|
|
|
607,833
|
4.50%, 09/20/2052
|
581,184
|
|
|
2,750,569
|
4.50%, 10/20/2052
|
2,629,554
|
|
|
24,320,000
|
4.50%, 11/20/2054(12)
|
23,211,683
|
|
|
604,616
|
5.00%, 05/20/2040
|
606,008
|
|
|
480,667
|
5.00%, 06/20/2040
|
481,773
|
|
|
188,290
|
5.00%, 07/20/2040
|
188,835
|
|
|
265,966
|
5.00%, 12/20/2043(3)
|
47,953
|
|
|
1,254,276
|
5.00%, 07/16/2044(3)
|
207,392
|
|
|
231,196
|
5.00%, 11/16/2046(3)
|
37,455
|
|
|
228,709
|
5.00%, 06/16/2047(3)
|
40,210
|
|
|
2,449,474
|
5.00%, 10/20/2047(3)
|
468,422
|
|
|
298,379
|
5.00%, 11/16/2047(3)
|
59,255
|
|
|
808,240
|
5.00%, 11/20/2049
|
798,450
|
|
|
7,302,500
|
5.00%, 11/20/2054(12)
|
7,132,433
|
|
|
212,496
|
5.50%, 02/20/2044(3)
|
12,383
|
|
|
169,807
|
5.50%, 09/15/2045
|
173,249
|
|
|
240,933
|
5.50%, 09/20/2045(3)
|
48,057
|
|
|
4,900,000
|
5.50%, 11/20/2054(12)
|
4,872,618
|
|
|
6,800,000
|
6.00%, 10/20/2054
|
6,855,790
|
|
|
|
|
|
156,122,079
|
|
|
Uniform Mortgage-Backed Security - 9.8%
|
||
|
500,000
|
1.50%, 11/01/2054(12)
|
377,179
|
|
|
275,000
|
2.00%, 11/01/2039(12)
|
244,893
|
|
|
25,292,000
|
2.00%, 11/01/2054(12)
|
20,043,480
|
|
|
2,550,000
|
2.50%, 11/01/2054(12)
|
2,109,321
|
|
|
2,415,000
|
3.00%, 11/01/2054(12)
|
2,078,800
|
|
|
14,737,000
|
3.50%, 11/01/2054(12)
|
13,174,095
|
|
|
20,466,000
|
4.00%, 11/01/2054(12)
|
18,907,135
|
|
|
11,276,000
|
4.50%, 11/01/2054(12)
|
10,704,365
|
|
|
7,705,000
|
5.00%, 11/01/2054(12)
|
7,486,414
|
|
|
48,655,000
|
5.50%, 11/01/2054(12)
|
48,192,730
|
|
|
45,892,000
|
6.00%, 11/01/2054(12)
|
46,184,550
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 38.7% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 38.7% - (continued)
|
||
|
|
Uniform Mortgage-Backed Security - 9.8% - (continued)
|
||
|
$ 10,050,000
|
6.50%, 11/01/2054(12)
|
$10,257,097
|
|
|
3,895,000
|
7.00%, 12/01/2054(12)
|
4,032,847
|
|
|
|
|
|
183,792,906
|
|
|
Total U.S. Government Agencies
(cost $749,941,195)
|
|
$727,062,836
|
|
U.S. GOVERNMENT SECURITIES - 30.4%
|
|||
|
|
U.S. Treasury Securities - 30.4%
|
||
|
|
U.S. Treasury Bonds - 10.9%
|
||
|
35,940,000
|
1.25%, 05/15/2050
|
$18,058,446
|
|
|
19,520,000
|
1.63%, 11/15/2050
|
10,788,612
|
|
|
5,795,000
|
2.50%, 02/15/2045
|
4,172,626
|
|
|
8,585,000
|
2.75%, 11/15/2042
|
6,652,704
|
|
|
3,895,000
|
2.88%, 08/15/2045
|
2,987,282
|
|
|
56,000
|
2.88%, 05/15/2052
|
41,366
|
|
|
3,325,000
|
3.00%, 11/15/2045
|
2,601,293
|
|
|
1,395,000
|
3.00%, 02/15/2048
|
1,070,663
|
|
|
23,885,000
|
3.00%, 08/15/2052(13)
|
18,111,548
|
|
|
3,365,000
|
3.13%, 02/15/2043
|
2,756,277
|
|
|
2,645,000
|
3.13%, 08/15/2044
|
2,130,672
|
|
|
13,195,000
|
3.13%, 05/15/2048
|
10,347,251
|
|
|
25,825,000
|
3.38%, 08/15/2042
|
22,073,313
|
|
|
6,010,000
|
3.38%, 05/15/2044(14)
|
5,052,861
|
|
|
55,565,000
|
3.38%, 11/15/2048
|
45,454,775
|
|
|
8,720,000
|
3.63%, 08/15/2043
|
7,653,844
|
|
|
8,845,000
|
3.63%, 02/15/2044
|
7,729,355
|
|
|
30,905,000
|
3.63%, 05/15/2053
|
26,540,876
|
|
|
5,250,000
|
4.13%, 08/15/2044
|
4,930,078
|
|
|
1,455,000
|
4.13%, 08/15/2053
|
1,367,245
|
|
|
3,555,000
|
4.25%, 08/15/2054
|
3,421,132
|
|
|
|
|
|
203,942,219
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 0.9%
|
||
|
11,001,234
|
0.25%, 02/15/2050(15)
|
6,874,614
|
|
|
732,506
|
0.63%, 02/15/2043(15)
|
564,539
|
|
|
6,449,963
|
0.75%, 02/15/2045(15)
|
4,931,232
|
|
|
4,740,887
|
1.38%, 02/15/2044(15)
|
4,148,375
|
|
|
|
|
|
16,518,760
|
|
|
U.S. Treasury Inflation-Indexed Notes - 1.3%
|
||
|
2,021,136
|
1.38%, 07/15/2033(15)
|
1,933,926
|
|
|
23,338,328
|
1.75%, 01/15/2034(15)
|
22,894,780
|
|
|
|
|
|
24,828,706
|
|
|
U.S. Treasury Notes - 17.3%
|
||
|
16,965,000
|
1.38%, 11/15/2031(16)
|
14,031,911
|
|
|
17,865,000
|
2.75%, 08/15/2032
|
16,098,738
|
|
|
3,805,000
|
2.88%, 11/30/2025
|
3,747,360
|
|
|
21,610,000
|
3.50%, 02/15/2033
|
20,470,410
|
|
|
28,730,000
|
3.63%, 05/31/2028
|
28,229,469
|
|
|
32,410,000
|
3.75%, 06/30/2030
|
31,693,435
|
|
|
10,645,000
|
3.88%, 08/15/2033
|
10,336,045
|
|
|
21,610,000
|
4.00%, 01/31/2029
|
21,469,873
|
|
|
24,705,000
|
4.00%, 02/15/2034
|
24,172,298
|
|
|
51,630,000
|
4.13%, 06/15/2026
|
51,559,412
|
|
|
16,790,000
|
4.13%, 03/31/2031
|
16,698,836
|
|
|
17,360,000
|
4.38%, 11/30/2030
|
17,513,256
|
|
|
50,295,000
|
4.50%, 04/15/2027
|
50,715,435
|
|
|
|
69
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 30.4% - (continued)
|
|||
|
|
U.S. Treasury Securities - 30.4% - (continued)
|
||
|
|
U.S. Treasury Notes - 17.3% - (continued)
|
||
|
$ 14,405,000
|
4.50%, 11/15/2033
|
$14,644,708
|
|
|
3,005,000
|
5.00%, 10/31/2025
|
3,024,274
|
|
|
|
|
|
324,405,460
|
|
|
Total U.S. Government Securities
(cost $609,284,354)
|
|
$569,695,145
|
|
|
Total Long-Term Investments
(cost $2,231,884,023)
|
|
$2,152,013,831
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
|
Repurchase Agreements - 0.3%
|
||
|
4,652,858
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at
4.85%, due on 11/01/2024 with a
maturity value of $4,653,485;
collateralized by U.S. Treasury Note at
0.88%, maturing 06/30/2026, with a
market value of $4,745,981
|
$4,652,858
|
|
|
|
Securities Lending Collateral - 0.0%
|
||
|
125,865
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.77%(17)
|
125,865
|
|
|
419,549
|
HSBC U.S. Government Money Market
Fund, Institutional Class, 4.78%(17)
|
419,549
|
|
|
125,865
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.76%(17)
|
125,865
|
|
|
125,865
|
Morgan Stanley Institutional Liquidity
Funds, Government Portfolio,
Institutional Class, 4.78%(17)
|
125,865
|
|
|
|
|
|
797,144
|
|
|
Total Short-Term Investments
(cost $5,450,002)
|
$5,450,002
|
|
|
|
Total Investments
(cost $2,237,334,025)
|
114.9
%
|
$2,157,463,833
|
|
|
Other Assets and Liabilities
|
(14.9
)%
|
(280,274,671
)
|
|
|
Net Assets
|
100.0
%
|
$1,877,189,162
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$485,274,217, representing 25.9% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
(3)
|
Securities disclosed are interest-only strips.
|
|
(4)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(6)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
October 31, 2024. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(7)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At October 31, 2024, the aggregate
value of these securities was $26,111,912, representing 1.4% of net assets.
|
|
(8)
|
Represents entire or partial securities on loan.
|
|
(9)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(10)
|
Security disclosed is principal-only strips.
|
|
(11)
|
Security is a zero-coupon bond.
|
|
(12)
|
Represents or includes a TBA transaction.
|
|
(13)
|
All, or a portion of the security, was pledged as collateral in connection with TBAs.
As of October 31, 2024, the market value of securities pledged was $3,057,390.
|
|
(14)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of October 31, 2024, the market value of securities pledged
was $5,792,685.
|
|
(15)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(16)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of October 31, 2024, the market value of
securities pledged was $3,415,041.
|
|
(17)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at October 31, 2024
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Australian 10-Year Bond Future
|
592
|
12/16/2024
|
$43,368,838
|
$(2,079,631
)
|
|
|
70
|
|
|
Futures Contracts Outstanding at October 31, 2024 – (continued)
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts – (continued):
|
||||
|
U.S. Treasury 2-Year Note Future
|
76
|
12/31/2024
|
$15,651,844
|
$(200,487
)
|
|
U.S. Treasury 5-Year Note Future
|
264
|
12/31/2024
|
28,309,875
|
(677,251
)
|
|
U.S. Treasury 10-Year Ultra Future
|
55
|
12/19/2024
|
6,256,250
|
(248,415
)
|
|
U.S. Treasury Long Bond Future
|
43
|
12/19/2024
|
5,072,656
|
(277,502
)
|
|
U.S. Treasury Ultra Bond Future
|
205
|
12/19/2024
|
25,753,125
|
(546,393
)
|
|
Total
|
|
|
|
$(4,029,679
)
|
|
Short position contracts:
|
||||
|
Euro BUXL 30-Year Bond Future
|
(25)
|
12/06/2024
|
$(3,592,416
)
|
$64,034
|
|
Euro-BUND Future
|
(77)
|
12/06/2024
|
(11,017,830
)
|
117,868
|
|
Euro-Schatz Future
|
(943)
|
12/06/2024
|
(109,072,258
)
|
456,672
|
|
French Government Bond Future
|
(166)
|
12/06/2024
|
(22,465,968
)
|
405,915
|
|
Long Gilt Future
|
(69)
|
12/27/2024
|
(8,342,271
)
|
244,779
|
|
U.S. Treasury 10-Year Note Future
|
(686)
|
12/19/2024
|
(75,781,562
)
|
451,974
|
|
Total
|
|
|
|
$1,741,242
|
|
Total futures contracts
|
$(2,288,437
)
|
|||
|
TBA Sale Commitments Outstanding at October 31, 2024
|
||||
|
Description
|
Principal
Amount
|
Maturity
Date
|
Market
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
Uniform Mortgage-Backed Security, 2.50%
|
$694,000
|
11/01/2054
|
$(574,066
)
|
$13,285
|
|
Uniform Mortgage-Backed Security, 3.00%
|
2,865,000
|
11/01/2054
|
(2,466,154
)
|
52,808
|
|
Uniform Mortgage-Backed Security, 4.00%
|
35,019,000
|
11/01/2054
|
(32,351,654
)
|
1,418,050
|
|
Uniform Mortgage-Backed Security, 4.00%
|
13,378,000
|
12/01/2054
|
(12,359,540
)
|
72,594
|
|
Uniform Mortgage-Backed Security, 4.50%
|
21,252,000
|
11/01/2054
|
(20,174,632
)
|
420,163
|
|
Uniform Mortgage-Backed Security, 4.50%
|
9,975,000
|
12/01/2054
|
(9,468,150
)
|
36,441
|
|
Total TBA sale commitments (proceeds receivable $79,407,537)
|
$(77,394,196
)
|
$2,013,341
|
||
|
At October 31, 2024, the aggregate market value of TBA Sale Commitments represents
(4.1)% of total net assets.
|
||||
|
Centrally Cleared Credit Default Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Reference Entity
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Credit default swaps on indices:
|
|
||||||||
|
Buy protection:
|
|
||||||||
|
CDX.EM.S41
|
USD
|
12,070,000
|
(1.00%)
|
06/20/2029
|
Quarterly
|
$302,566
|
$—
|
$263,923
|
$(38,643
)
|
|
Total centrally cleared credit default swap contracts
|
$302,566
|
$—
|
$263,923
|
$(38,643
)
|
|||||
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
|
|
71
|
|
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
3.83% Fixed
|
12 Mo. USD SOFR
|
USD
|
5,500,000
|
02/15/2034
|
Annual
|
$—
|
$—
|
$(11,165
)
|
$(11,165
)
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
5,185,000
|
03/15/2053
|
Annual
|
2,971
|
—
|
707,024
|
704,053
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
4,030,000
|
03/15/2053
|
Annual
|
44,428
|
—
|
615,747
|
571,319
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
3,735,000
|
06/21/2053
|
Annual
|
—
|
(35,600
)
|
298,459
|
334,059
|
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
8,150,000
|
09/20/2053
|
Annual
|
36,775
|
—
|
114,364
|
77,589
|
|
Total centrally cleared interest rate swaps contracts
|
$84,174
|
$(35,600
)
|
$1,724,429
|
$1,675,855
|
|||||
|
Foreign Currency Contracts Outstanding at October 31, 2024
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
4,130,104
|
USD
|
23,599,000
|
BRL
|
GSC
|
12/18/2024
|
$75,690
|
|
21,809,504
|
USD
|
19,708,000
|
EUR
|
DEUT
|
12/18/2024
|
367,688
|
|
2,063,359
|
USD
|
1,848,000
|
EUR
|
RBS
|
12/18/2024
|
52,781
|
|
651,060
|
USD
|
588,000
|
EUR
|
RBC
|
12/18/2024
|
11,331
|
|
Total foreign currency contracts
|
$507,490
|
|||||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$335,884,586
|
$—
|
$335,884,586
|
$—
|
|
Corporate Bonds
|
460,170,863
|
—
|
460,170,863
|
—
|
|
Foreign Government Obligations
|
49,118,971
|
—
|
49,118,971
|
—
|
|
Municipal Bonds
|
10,081,430
|
—
|
10,081,430
|
—
|
|
U.S. Government Agencies
|
727,062,836
|
—
|
727,062,836
|
—
|
|
U.S. Government Securities
|
569,695,145
|
—
|
569,695,145
|
—
|
|
Short-Term Investments
|
5,450,002
|
797,144
|
4,652,858
|
—
|
|
Foreign Currency Contracts(2)
|
507,490
|
—
|
507,490
|
—
|
|
Futures Contracts(2)
|
1,741,242
|
1,741,242
|
—
|
—
|
|
Swaps - Interest Rate(2)
|
1,687,020
|
—
|
1,687,020
|
—
|
|
Total
|
$2,161,399,585
|
$2,538,386
|
$2,158,861,199
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(4,029,679
)
|
$(4,029,679
)
|
$—
|
$—
|
|
Swaps - Interest Rate(2)
|
(11,165
)
|
—
|
(11,165
)
|
—
|
|
Swaps - Credit Default(2)
|
(38,643
)
|
—
|
(38,643
)
|
—
|
|
TBA Sale Commitments
|
(77,394,196
)
|
—
|
(77,394,196
)
|
—
|
|
Total
|
$(81,473,683
)
|
$(4,029,679
)
|
$(77,444,004
)
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
72
|
|
|
Counterparty Abbreviations:
|
|
|
ANZ
|
Australia and New Zealand Banking Group
|
|
BCLY
|
Barclays
|
|
BNP
|
BNP Paribas Securities Services
|
|
BOA
|
Bank of America Securities LLC
|
|
CAG
|
Credit Agricole CIB
|
|
CBK
|
Citibank NA
|
|
DEUT
|
Deutsche Bank Securities, Inc.
|
|
GSC
|
Goldman Sachs & Co.
|
|
JPM
|
JP Morgan Chase & Co.
|
|
MSC
|
Morgan Stanley
|
|
NWM
|
NatWest Markets Plc
|
|
RBC
|
RBC Dominion Securities, Inc.
|
|
RBS
|
RBS Greenwich Capital
|
|
SCB
|
Standard Chartered Bank
|
|
SSG
|
State Street Global Markets LLC
|
|
TDB
|
Toronto-Dominion Bank
|
|
Currency Abbreviations:
|
|
|
AUD
|
Australia Dollar
|
|
BRL
|
Brazil Real
|
|
CAD
|
Canadian Dollar
|
|
CHF
|
Switzerland Franc
|
|
CLP
|
Chile Peso
|
|
CNY
|
China Yuan Renminbi
|
|
COP
|
Colombia Peso
|
|
CZK
|
Czech Republic Koruna
|
|
EUR
|
Euro Member Countries
|
|
GBP
|
British Pound
|
|
HUF
|
Hungary Forint
|
|
IDR
|
Indonesia Rupiah
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INR
|
Indian Rupee
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JPY
|
Japan Yen
|
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KZT
|
Kazakhstan Tenge
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MXN
|
Mexican Peso
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MYR
|
Malaysia Ringgit
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NOK
|
Norway Krone
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PEN
|
Peru Nuevo Sol
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PHP
|
Philippines Peso
|
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PLN
|
Poland Zloty
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RON
|
Romania New Leu
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SEK
|
Sweden Krona
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THB
|
Thailand Baht
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TRY
|
Turkish Currency
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USD
|
United States Dollar
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UYU
|
Uruguay Peso
|
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ZAR
|
South Africa Rand
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Index Abbreviations:
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CDX.EM
|
Credit Derivatives Emerging Markets
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CDX.NA.HY
|
Credit Derivatives North American High Yield
|
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CMBX.NA
|
Markit Commercial Mortgage-Backed North American
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CMT
|
Constant Maturity Treasury Index
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ICE
|
Intercontinental Exchange, Inc.
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ITRAXX-XOVER
|
iTraxx Europe Crossover
|
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Municipal Abbreviations:
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Auth
|
Authority
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COP
|
Certificate of Participation
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Dev
|
Development
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Dist
|
District
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Facs
|
Facilities
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GO
|
General Obligation
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Redev
|
Redevelopment
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Rev
|
Revenue
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Other Abbreviations:
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ADR
|
American Depositary Receipt
|
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AGC
|
Assured Guaranty Corp.
|
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AGM
|
Assured Guaranty Municipal Corp.
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AMBAC
|
American Municipal Bond Assurance Corp.
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ARM
|
Adjustable Rate Mortgage
|
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ASA
|
Allmennaksjeselskap
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BAM
|
Build America Mutual Assurance Co.
|
|
CLO
|
Collateralized Loan Obligation
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CMO
|
Collateralized Mortgage Obligation
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EURIBOR
|
Euro Interbank Offered Rate
|
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FHA
|
Federal Housing Administration
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
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FNMA
|
Federal National Mortgage Association
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GNMA
|
Government National Mortgage Association
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HUD
|
Housing and Urban Development
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KC
|
Kansas City
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LME
|
London Metal Exchange
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MSCI
|
Morgan Stanley Capital International
|
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NPFG
|
National Public Finance Guarantee Corp.
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Nyrt
|
New York REIT Inc
|
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PSF-GTD
|
Permanent School Fund
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Q-SBLF
|
Qualified School Bond Loan Fund
|
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RBOB
|
Reformulated Blendstock for Oxygenate Blending
|
|
REIT
|
Real Estate Investment Trust
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SCH BD GTY
|
School Bond Guaranty
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SD CRED PROG
|
School District Credit Enhancement Program
|
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SIFMA
|
Securities Industry and Financial Markets Association
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SOFR
|
Secured Overnight Financing Rate
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ST AID
WITHHLDG
|
State Aid Withholding
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ST INTERCEPT
|
State Intercept
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TBA
|
To Be Announced
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ULSD
|
Ultra-Low Sulfur Diesel
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WTI
|
West Texas Intermediate
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73
|
|