| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% | |||
| Asset-Backed - Automobile - 2.5% | |||
| $ 185,000 | American Credit Acceptance Receivables Trust 6.09%, 11/12/2027(1) | $ 185,013 | |
| 317,919 | ARI Fleet Lease Trust 5.41%, 02/17/2032(1) | 316,866 | |
| Avis Budget Rental Car Funding AESOP LLC | |||
| 215,000 | 5.23%, 12/20/2030(1) | 209,311 | |
| 185,000 | 5.36%, 06/20/2030(1) | 181,843 | |
| 220,000 | 5.90%, 08/21/2028(1) | 220,608 | |
| 282,070 | Chesapeake Funding II LLC 5.65%, 05/15/2035(1) | 281,393 | |
| 287,471 | CPS Auto Receivables Trust 5.91%, 08/16/2027(1) | 287,540 | |
| 190,000 | Credit Acceptance Auto Loan Trust 5.68%, 03/15/2034(1) | 188,941 | |
| DT Auto Owner Trust | |||
| 140,000 | 5.19%, 10/16/2028(1) | 138,970 | |
| 155,000 | 5.41%, 02/15/2029(1) | 153,900 | |
| Enterprise Fleet Financing LLC | |||
| 95,000 | 5.16%, 09/20/2030(1) | 93,486 | |
| 215,000 | 5.42%, 10/22/2029(1) | 212,995 | |
| Exeter Automobile Receivables Trust | |||
| 94,559 | 4.57%, 01/15/2027 | 94,323 | |
| 210,000 | 5.72%, 04/15/2027 | 209,734 | |
| 87,000 | 6.03%, 08/16/2027 | 86,990 | |
| 90,000 | 6.11%, 09/15/2027 | 90,027 | |
| Flagship Credit Auto Trust | |||
| 259,000 | 4.69%, 07/17/2028(1) | 254,632 | |
| 77,000 | 5.05%, 01/18/2028(1) | 75,802 | |
| 195,000 | 5.21%, 05/15/2028(1) | 191,223 | |
| 45,000 | GLS Auto Receivables Issuer Trust 4.92%, 01/15/2027(1) | 44,715 | |
| 560,000 | Hertz Vehicle Financing III LLC 5.94%, 02/25/2028(1) | 557,478 | |
| 445,000 | OneMain Direct Auto Receivables Trust 5.41%, 11/14/2029(1) | 441,555 | |
| 56,266 | Prestige Auto Receivables Trust 1.62%, 11/16/2026(1) | 55,862 | |
| Santander Drive Auto Receivables Trust | |||
| 160,000 | 4.98%, 02/15/2028 | 158,633 | |
| 280,000 | 5.61%, 07/17/2028 | 278,730 | |
| 110,000 | SBNA Auto Lease Trust 5.24%, 01/22/2029(1) | 109,198 | |
| 235,000 | SFS Auto Receivables Securitization Trust 5.47%, 12/20/2029(1) | 234,333 | |
| Tricolor Auto Securitization Trust | |||
| 43,923 | 6.48%, 08/17/2026(1) | 43,924 | |
| 204,036 | 6.61%, 10/15/2027(1) | 204,276 | |
| Westlake Automobile Receivables Trust | |||
| 58,367 | 1.65%, 02/17/2026(1) | 57,870 | |
| 280,000 | 4.31%, 09/15/2027(1) | 277,835 | |
| 90,000 | 5.41%, 01/18/2028(1) | 89,589 | |
| 400,000 | 6.14%, 03/15/2028(1) | 400,966 | |
| 145,000 | World Omni Auto Receivables Trust 5.03%, 05/15/2029 | 142,638 | |
| 6,571,199 | |||
| Asset-Backed - Manufactured Housing - 0.0% | |||
| 64,765 | Cascade MH Asset Trust 1.75%, 02/25/2046(1) | 54,980 | |
| Asset-Backed - Student Loan - 0.2% | |||
| Navient Private Education Refi Loan Trust | |||
| 140,234 | 0.97%, 12/16/2069(1) | 119,793 | |
| 237,555 | 1.11%, 02/18/2070(1) | 199,716 | |
| 298,927 | 5.51%, 10/15/2071(1) | 296,146 | |
| 615,655 | |||
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Commercial Mortgage-Backed Securities - 4.1% | |||
| $ 235,000 | 245 Park Avenue Trust 3.51%, 06/05/2037(1) | $ 212,580 | |
| BBCMS Mortgage Trust | |||
| 1,009,443 | 1.87%, 02/15/2057(2)(3) | 107,643 | |
| 125,000 | 3.66%, 04/15/2055(3) | 108,922 | |
| Benchmark Mortgage Trust | |||
| 2,782,815 | 0.72%, 07/15/2056(2)(3) | 110,932 | |
| 999,355 | 1.41%, 12/15/2056(2)(3) | 64,746 | |
| 559,661 | 1.62%, 01/15/2054(2)(3) | 42,022 | |
| 596,082 | 1.91%, 07/15/2053(2)(3) | 36,151 | |
| BX Trust | |||
| 630,000 | 6.33%, 10/15/2036, 1 mo. USD Term SOFR + 1.01%(1)(4) | 622,125 | |
| 115,000 | 7.41%, 03/15/2041, 1 mo. USD Term SOFR + 2.09%(1)(4) | 114,928 | |
| 26,102 | Citigroup Commercial Mortgage Trust 3.61%, 11/10/2048 | 25,745 | |
| Commercial Mortgage Trust | |||
| 100,000 | 2.82%, 01/10/2039(1) | 89,845 | |
| 35,000 | 3.18%, 02/10/2048 | 34,322 | |
| 150,000 | 3.31%, 03/10/2048 | 146,471 | |
| 110,000 | 3.38%, 01/10/2039(1) | 96,063 | |
| 210,000 | 3.73%, 08/10/2049(1)(3) | 198,081 | |
| 26,294 | CSAIL Commercial Mortgage Trust 4.36%, 11/15/2051(3) | 25,639 | |
| 92,303 | CSMC Trust 2.26%, 08/15/2037(1) | 86,632 | |
| 280,000 | DBGS Mortgage Trust 4.47%, 10/15/2051 | 257,580 | |
| DBJPM Mortgage Trust | |||
| 460,683 | 1.82%, 09/15/2053(2)(3) | 24,151 | |
| 19,140 | 3.04%, 05/10/2049 | 18,662 | |
| 120,000 | DC Trust 5.73%, 04/13/2028(1)(3) | 117,859 | |
| FREMF Mortgage Trust | |||
| 295,000 | 3.72%, 04/25/2048(1)(3) | 288,969 | |
| 90,000 | 3.79%, 11/25/2049(1)(3) | 88,557 | |
| 225,000 | 4.09%, 06/25/2049(1)(3) | 215,987 | |
| 315,000 | 4.18%, 08/25/2047(1)(3) | 312,672 | |
| 565,000 | GS Mortgage Securities Corp. II 5.49%, 03/10/2041(1)(3) | 547,202 | |
| 375,000 | GS Mortgage Securities Trust 3.44%, 11/10/2049(3) | 352,499 | |
| 200,000 | Hawaii Hotel Trust 6.52%, 05/15/2038, 1 mo. USD Term SOFR + 1.20%(1)(4) | 199,500 | |
| 150,000 | HTL Commercial Mortgage Trust 5.88%, 05/10/2039(1)(3) | 148,934 | |
| 1,097,000 | JP Morgan Chase Commercial Mortgage Securities Trust 2.82%, 08/15/2049 | 1,025,595 | |
| JPMBB Commercial Mortgage Securities Trust | |||
| 30,254 | 3.56%, 12/15/2048 | 29,706 | |
| 635,000 | 3.58%, 03/17/2049 | 608,726 | |
| JPMDB Commercial Mortgage Securities Trust | |||
| 60,181 | 2.95%, 06/15/2049 | 58,369 | |
| 632,000 | 3.14%, 12/15/2049 | 579,457 | |
| 103,468 | 3.24%, 10/15/2050 | 99,202 | |
| 565,208 | Life Mortgage Trust 6.14%, 03/15/2038, 1 mo. USD Term SOFR + 0.81%(1)(4) | 560,538 | |
| 210,000 | Morgan Stanley Bank of America Merrill Lynch Trust 3.53%, 12/15/2047 | 207,058 | |
| 383,350 | MSWF Commercial Mortgage Trust 1.14%, 12/15/2056(2)(3) | 24,722 | |
| 285,000 | NJ Trust 6.70%, 01/06/2029(1)(3) | 289,121 | |
| 50,000 | SG Commercial Mortgage Securities Trust 2.63%, 03/15/2037(1) | 46,029 | |
| 525,000 | TYSN Mortgage Trust 6.80%, 12/10/2033(1)(3) | 537,854 | |
| Wells Fargo Commercial Mortgage Trust | |||
| 360,000 | 3.15%, 05/15/2048 | 349,928 | |
| 1 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Commercial Mortgage-Backed Securities - 4.1% - (continued) | |||
| $ 719,000 | 3.43%, 03/15/2059 | $ 687,387 | |
| 28,523 | 3.52%, 12/15/2048 | 28,068 | |
| 420,000 | 3.64%, 03/15/2050 | 386,973 | |
| 235,000 | 3.81%, 12/15/2048 | 226,875 | |
| Wells Fargo NA | |||
| 3,972,794 | 0.75%, 11/15/2062(2)(3) | 120,133 | |
| 926,108 | 1.10%, 02/15/2052(2)(3) | 30,971 | |
| 995,230 | 1.20%, 02/15/2056(2)(3) | 60,757 | |
| 1,000,000 | 1.20%, 12/15/2056(2)(3) | 37,179 | |
| 1,466,124 | 1.43%, 11/15/2053(2)(3) | 94,386 | |
| 1,243,896 | 1.88%, 03/15/2063(2)(3) | 106,012 | |
| 145,000 | 4.41%, 11/15/2061(3) | 137,486 | |
| 11,027,951 | |||
| Other Asset-Backed Securities - 6.4% | |||
| Affirm Asset Securitization Trust | |||
| 165,000 | 5.61%, 02/15/2029(1) | 163,350 | |
| 210,000 | 6.61%, 01/18/2028(1) | 210,850 | |
| 305,000 | Aligned Data Centers Issuer LLC 6.00%, 08/17/2048(1) | 299,400 | |
| 400,000 | Barings CLO Ltd. 7.37%, 01/20/2037, 3 mo. USD Term SOFR + 2.10%(1)(4) | 401,683 | |
| 495,000 | Battalion CLO 18 Ltd. 7.47%, 03/13/2037, 3 mo. USD Term SOFR + 2.20%(1)(4) | 494,280 | |
| 315,000 | Benefit Street Partners CLO XXXI Ltd. 7.67%, 04/25/2036, 3 mo. USD Term SOFR + 2.35%(1)(4) | 316,653 | |
| 24,206 | BHG Securitization Trust 0.90%, 10/17/2034(1) | 23,671 | |
| 250,000 | BlueMountain CLO XXIV Ltd. 6.69%, 04/20/2034, 3 mo. USD Term SOFR + 1.36%(1)(4) | 248,717 | |
| 470,000 | BlueMountain CLO XXXI Ltd. 6.74%, 04/19/2034, 3 mo. USD Term SOFR + 1.41%(1)(4) | 470,464 | |
| 460,000 | BlueMountain CLO XXXIII Ltd. 6.77%, 11/20/2034, 3 mo. USD Term SOFR + 1.45%(1)(4) | 459,998 | |
| CF Hippolyta Issuer LLC | |||
| 94,245 | 1.53%, 03/15/2061(1) | 85,507 | |
| 126,765 | 1.69%, 07/15/2060(1) | 118,810 | |
| 97,713 | 5.97%, 08/15/2062(1) | 95,265 | |
| 95,000 | CNH Equipment Trust 4.77%, 10/15/2030 | 92,967 | |
| 275,000 | Commercial Equipment Finance LLC 5.97%, 07/16/2029(1) | 274,040 | |
| DB Master Finance LLC | |||
| 146,625 | 2.79%, 11/20/2051(1) | 119,151 | |
| 701,925 | 4.35%, 05/20/2049(1) | 655,394 | |
| 160,000 | DLLAA LLC 5.64%, 02/22/2028(1) | 159,794 | |
| Domino's Pizza Master Issuer LLC | |||
| 441,515 | 2.66%, 04/25/2051(1) | 385,502 | |
| 432,000 | 3.67%, 10/25/2049(1) | 387,800 | |
| 206,800 | 4.12%, 07/25/2047(1) | 195,486 | |
| 435,000 | Elmwood CLO 19 Ltd. 7.72%, 10/17/2036, 3 mo. USD Term SOFR + 2.40%(1)(4) | 438,019 | |
| 295,000 | Elmwood CLO 23 Ltd. 7.58%, 04/16/2036, 3 mo. USD Term SOFR + 2.25%(1)(4) | 296,643 | |
| FirstKey Homes Trust | |||
| 153,877 | 4.15%, 05/19/2039(1) | 147,358 | |
| 586,141 | 4.25%, 07/17/2039(1) | 558,517 | |
| 750,000 | Galaxy XXIV CLO Ltd. 6.86%, 04/15/2037, 3 mo. USD Term SOFR + 1.54%(1)(4) | 750,456 | |
| 250,000 | Invesco U.S. CLO Ltd. 7.62%, 04/21/2036, 3 mo. USD Term SOFR + 2.30%(1)(4) | 250,869 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Other Asset-Backed Securities - 6.4% - (continued) | |||
| $ 250,000 | Madison Park Funding LXVII Ltd. 6.80%, 04/25/2037, 3 mo. USD Term SOFR + 1.51%(1)(4) | $ 250,253 | |
| 330,000 | MF1 Ltd. 7.07%, 02/19/2037, 1 mo. USD Term SOFR + 1.75%(1)(4) | 323,882 | |
| 510,000 | New Economy Assets Phase 1 Sponsor LLC 1.91%, 10/20/2061(1) | 444,244 | |
| 770,000 | OCP CLO Ltd. 6.82%, 04/18/2037, 3 mo. USD Term SOFR + 1.53%(1)(4) | 769,759 | |
| 410,000 | Octagon 61 Ltd. 7.67%, 04/20/2036, 3 mo. USD Term SOFR + 2.35%(1)(4) | 411,585 | |
| Progress Residential Trust | |||
| 401,967 | 1.51%, 10/17/2038(1) | 362,185 | |
| 142,683 | 3.20%, 04/17/2039(1) | 132,331 | |
| 398,388 | 4.44%, 05/17/2041(1) | 378,345 | |
| 106,428 | 4.45%, 06/17/2039(1) | 102,399 | |
| 178,743 | 4.75%, 10/27/2039(1) | 172,618 | |
| 42,880 | Regional Management Issuance Trust 2.34%, 10/15/2030(1) | 42,182 | |
| 495,000 | Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) | 472,764 | |
| 635,000 | RR 23 Ltd. 7.98%, 10/15/2035, 3 mo. USD Term SOFR + 2.65%(1)(4) | 639,554 | |
| 340,000 | SCF Equipment Leasing LLC 6.56%, 01/22/2030(1) | 341,234 | |
| 390,000 | Sound Point CLO XXIX Ltd. 6.66%, 04/25/2034, 3 mo. USD Term SOFR + 1.33%(1)(4) | 388,344 | |
| Stack Infrastructure Issuer LLC | |||
| 60,000 | 1.89%, 08/25/2045(1) | 56,374 | |
| 285,000 | 5.90%, 07/25/2048(1) | 276,302 | |
| 130,000 | 5.90%, 03/25/2049(1) | 127,139 | |
| 75,000 | Summit Issuer LLC 2.29%, 12/20/2050(1) | 69,858 | |
| 350,000 | Texas Debt Capital CLO Ltd. 7.62%, 04/20/2036, 3 mo. USD Term SOFR + 2.30%(1)(4) | 351,316 | |
| 654,530 | Tricon Residential Trust 3.86%, 04/17/2039(1) | 620,199 | |
| 515,000 | Vantage Data Centers Issuer LLC 1.65%, 09/15/2045(1) | 481,310 | |
| 660,000 | Venture 37 CLO Ltd. 6.74%, 07/15/2032, 3 mo. USD Term SOFR + 1.41%(1)(4) | 659,937 | |
| 390,000 | Venture 42 CLO Ltd. 6.72%, 04/15/2034, 3 mo. USD Term SOFR + 1.39%(1)(4) | 388,482 | |
| 298,685 | Wellfleet CLO X Ltd. 6.76%, 07/20/2032, 3 mo. USD Term SOFR + 1.43%(1)(4) | 299,116 | |
| 199,325 | Wendy's Funding LLC 2.37%, 06/15/2051(1) | 170,098 | |
| 531,900 | Wingstop Funding LLC 2.84%, 12/05/2050(1) | 476,648 | |
| 17,309,102 | |||
| Whole Loan Collateral CMO - 7.5% | |||
| 213,760 | 510 Asset-Backed Trust 2.12%, 06/25/2061(1)(5) | 205,449 | |
| Angel Oak Mortgage Trust | |||
| 81,044 | 0.91%, 01/25/2066(1)(3) | 67,018 | |
| 283,825 | 0.95%, 07/25/2066(1)(3) | 230,745 | |
| 40,869 | 0.99%, 04/25/2053(1)(3) | 37,120 | |
| 73,129 | 0.99%, 04/25/2066(1)(3) | 59,213 | |
| 190,109 | 1.04%, 01/20/2065(1)(3) | 151,845 | |
| 135,621 | 1.07%, 05/25/2066(1)(3) | 111,903 | |
| 429,699 | 1.46%, 09/25/2066(1)(3) | 342,871 | |
| 22,350 | 1.47%, 06/25/2065(1)(3) | 20,668 | |
| 39,499 | 1.69%, 04/25/2065(1)(3) | 35,981 | |
| 207,847 | 1.82%, 11/25/2066(1)(3) | 175,873 | |
| 566,566 | 2.88%, 12/25/2066(1)(5) | 496,282 | |
| 22,852 | Arroyo Mortgage Trust 3.81%, 01/25/2049(1)(3) | 21,200 | |
| 2 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Whole Loan Collateral CMO - 7.5% - (continued) | |||
| $ 137,260 | BINOM Securitization Trust 2.03%, 06/25/2056(1)(3) | $ 116,166 | |
| BRAVO Residential Funding Trust | |||
| 46,611 | 0.94%, 02/25/2049(1)(3) | 40,627 | |
| 56,792 | 0.97%, 03/25/2060(1)(3) | 52,895 | |
| 359,866 | 1.62%, 03/01/2061(1)(5) | 333,374 | |
| Bunker Hill Loan Depositary Trust | |||
| 36,867 | 1.72%, 02/25/2055(1)(3) | 35,079 | |
| 20,585 | 2.88%, 07/25/2049(1)(5) | 19,200 | |
| 363,686 | CIM Trust 1.43%, 07/25/2061(1)(3) | 307,644 | |
| COLT Mortgage Loan Trust | |||
| 33,126 | 0.80%, 07/27/2054(1) | 28,363 | |
| 116,101 | 0.91%, 06/25/2066(1)(3) | 93,292 | |
| 192,643 | 0.92%, 08/25/2066(1)(3) | 152,700 | |
| 356,799 | 0.96%, 09/27/2066(1)(3) | 281,014 | |
| 446,644 | 1.11%, 10/25/2066(1)(3) | 364,339 | |
| 48,318 | 1.33%, 10/26/2065(1)(3) | 42,675 | |
| 22,917 | 1.51%, 04/27/2065(1)(3) | 21,599 | |
| 499,359 | 2.28%, 12/27/2066(1)(3) | 426,066 | |
| 87,283 | 4.30%, 03/25/2067(1)(3) | 83,309 | |
| 230,494 | COLT Trust 1.39%, 01/25/2065(1)(3) | 187,201 | |
| CSMC Trust | |||
| 88,498 | 0.83%, 03/25/2056(1)(3) | 72,495 | |
| 173,928 | 0.94%, 05/25/2066(1)(3) | 136,607 | |
| 427,715 | 1.17%, 07/25/2066(1)(3) | 340,934 | |
| 154,021 | 1.18%, 02/25/2066(1)(3) | 131,226 | |
| 72,084 | 1.21%, 05/25/2065(1)(5) | 64,818 | |
| 72,875 | 1.80%, 12/27/2060(1)(3) | 69,354 | |
| 222,181 | 1.84%, 10/25/2066(1)(3) | 187,310 | |
| 147,897 | 2.00%, 01/25/2060(1)(3) | 126,973 | |
| 557,048 | 2.27%, 11/25/2066(1)(3) | 474,580 | |
| Deephaven Residential Mortgage Trust | |||
| 21,490 | 0.72%, 05/25/2065(1)(3) | 19,811 | |
| 48,182 | 0.90%, 04/25/2066(1)(3) | 40,904 | |
| Ellington Financial Mortgage Trust | |||
| 27,929 | 0.80%, 02/25/2066(1)(3) | 23,070 | |
| 56,312 | 0.93%, 06/25/2066(1)(3) | 44,297 | |
| 21,412 | 1.18%, 10/25/2065(1)(3) | 19,146 | |
| 317,040 | 1.24%, 09/25/2066(1)(3) | 245,592 | |
| 251,299 | 2.21%, 01/25/2067(1)(3) | 209,696 | |
| Federal National Mortgage Association Connecticut Avenue Securities | |||
| 94,000 | 7.13%, 02/25/2044, 30 day USD SOFR Average + 1.80%(1)(4) | 94,099 | |
| 269,208 | 7.23%, 06/25/2043, 30 day USD SOFR Average + 1.90%(1)(4) | 272,573 | |
| 93,826 | 7.63%, 05/25/2043, 30 day USD SOFR Average + 2.30%(1)(4) | 96,102 | |
| 133,507 | 7.83%, 04/25/2043, 30 day USD SOFR Average + 2.50%(1)(4) | 135,752 | |
| 56,773 | 7.88%, 07/25/2042, 30 day USD SOFR Average + 2.55%(1)(4) | 58,335 | |
| GCAT Trust | |||
| 92,250 | 0.87%, 01/25/2066(1)(3) | 74,424 | |
| 99,002 | 1.04%, 05/25/2066(1)(3) | 79,503 | |
| 301,978 | 1.09%, 08/25/2066(1)(3) | 237,605 | |
| 431,718 | 1.26%, 07/25/2066(1)(3) | 349,692 | |
| 20,027 | 1.56%, 04/25/2065(1)(5) | 18,279 | |
| 152,025 | 1.92%, 08/25/2066(1)(3) | 130,427 | |
| 9,034 | 3.25%, 01/25/2060(1)(5) | 8,501 | |
| Imperial Fund Mortgage Trust | |||
| 167,024 | 1.07%, 09/25/2056(1)(3) | 133,782 | |
| 525,629 | 2.09%, 01/25/2057(1)(3) | 431,955 | |
| 599,564 | 3.64%, 03/25/2067(1)(5) | 541,018 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Whole Loan Collateral CMO - 7.5% - (continued) | |||
| Legacy Mortgage Asset Trust | |||
| $ 82,891 | 1.65%, 11/25/2060(1)(5) | $ 78,131 | |
| 98,838 | 1.75%, 07/25/2061(1)(5) | 93,853 | |
| 72,755 | 4.75%, 04/25/2061(1)(5) | 69,733 | |
| MetLife Securitization Trust | |||
| 36,035 | 3.75%, 03/25/2057(1)(3) | 33,326 | |
| 28,468 | 3.75%, 04/25/2058(1)(3) | 27,387 | |
| MFA Trust | |||
| 18,913 | 1.01%, 01/26/2065(1)(3) | 17,053 | |
| 123,326 | 1.03%, 11/25/2064(1)(3) | 104,815 | |
| 53,483 | 1.15%, 04/25/2065(1)(3) | 47,260 | |
| 14,405 | Mill City Mortgage Loan Trust 3.50%, 05/25/2058(1)(3) | 14,162 | |
| New Residential Mortgage Loan Trust | |||
| 68,440 | 0.94%, 07/25/2055(1)(3) | 59,014 | |
| 41,733 | 0.94%, 10/25/2058(1)(3) | 38,247 | |
| 339,172 | 1.16%, 11/27/2056(1)(3) | 279,799 | |
| 14,418 | 1.65%, 05/24/2060(1)(3) | 13,556 | |
| 503,777 | 2.28%, 04/25/2061(1)(3) | 423,031 | |
| 82,312 | 3.50%, 12/25/2057(1)(3) | 77,070 | |
| 13,191 | 3.75%, 03/25/2056(1)(3) | 12,119 | |
| 36,180 | 3.75%, 11/25/2058(1)(3) | 33,253 | |
| 154,904 | 4.00%, 03/25/2057(1)(3) | 143,732 | |
| 168,089 | 4.00%, 12/25/2057(1)(3) | 156,409 | |
| 209,726 | NMLT Trust 1.19%, 05/25/2056(1)(3) | 170,293 | |
| OBX Trust | |||
| 220,782 | 1.05%, 07/25/2061(1)(3) | 166,457 | |
| 142,419 | 1.07%, 02/25/2066(1)(3) | 119,249 | |
| 448,823 | 2.31%, 11/25/2061(1)(3) | 381,498 | |
| PRET LLC | |||
| 149,307 | 1.74%, 07/25/2051(1)(5) | 142,407 | |
| 449,055 | 1.84%, 09/25/2051(1)(5) | 424,672 | |
| 105,093 | 1.87%, 07/25/2051(1)(5) | 99,803 | |
| 444,869 | 2.49%, 10/25/2051(1)(5) | 432,663 | |
| 343,245 | Pretium Mortgage Credit Partners I LLC 2.36%, 10/27/2060(1)(5) | 330,790 | |
| 187,437 | Pretium Mortgage Credit Partners LLC 1.99%, 02/25/2061(1)(5) | 180,519 | |
| PRPM LLC | |||
| 77,589 | 1.32%, 07/25/2051(1)(5) | 68,781 | |
| 198,699 | 1.74%, 09/25/2026(1)(3) | 188,435 | |
| 133,509 | 1.79%, 06/25/2026(1)(5) | 129,019 | |
| 180,401 | 1.79%, 07/25/2026(1)(5) | 172,933 | |
| 297,165 | 1.87%, 08/25/2026(1)(5) | 282,565 | |
| 379,171 | 2.36%, 10/25/2026(1)(5) | 366,130 | |
| 206,442 | 4.87%, 04/25/2026(1)(5) | 198,273 | |
| 45,838 | 5.12%, 03/25/2026(1)(3) | 44,897 | |
| 42,839 | 5.36%, 11/25/2025(1)(5) | 42,360 | |
| 36,817 | Residential Mortgage Loan Trust 0.86%, 01/25/2065(1)(3) | 33,903 | |
| 16,856 | Seasoned Credit Risk Transfer Trust 2.50%, 08/25/2059 | 14,954 | |
| 104,281 | STAR Trust 1.22%, 05/25/2065(1)(3) | 90,234 | |
| Starwood Mortgage Residential Trust | |||
| 36,529 | 0.94%, 05/25/2065(1)(3) | 33,110 | |
| 352,404 | 1.16%, 08/25/2056(1)(3) | 288,615 | |
| 15,255 | 1.49%, 04/25/2065(1)(3) | 14,321 | |
| 338,589 | 1.92%, 11/25/2066(1)(3) | 283,429 | |
| 70,257 | Toorak Mortgage Corp. Ltd. 3.24%, 06/25/2024(1)(5) | 69,528 | |
| Towd Point Mortgage Trust | |||
| 100,481 | 1.75%, 10/25/2060(1) | 87,152 | |
| 109,637 | 2.75%, 10/25/2057(1)(3) | 104,602 | |
| 40,382 | 2.90%, 10/25/2059(1)(3) | 37,348 | |
| 3 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.7% - (continued) | |||
| Whole Loan Collateral CMO - 7.5% - (continued) | |||
| $ 338,521 | 2.92%, 11/30/2060(1)(3) | $ 276,527 | |
| 25,642 | 3.25%, 03/25/2058(1)(3) | 24,738 | |
| 160,441 | 3.75%, 03/25/2058(1)(3) | 150,254 | |
| 134,485 | TRK Trust 1.15%, 07/25/2056(1)(3) | 114,029 | |
| VCAT LLC | |||
| 94,470 | 1.74%, 05/25/2051(1)(5) | 90,349 | |
| 518,145 | 1.87%, 08/25/2051(1)(5) | 500,251 | |
| 409,027 | 1.92%, 09/25/2051(1)(5) | 393,023 | |
| 33,845 | 5.12%, 03/27/2051(1)(5) | 33,132 | |
| Verus Securitization Trust | |||
| 64,106 | 0.92%, 02/25/2064(1)(3) | 56,096 | |
| 151,922 | 0.94%, 07/25/2066(1)(3) | 126,941 | |
| 628,785 | 1.01%, 09/25/2066(1)(3) | 514,363 | |
| 54,891 | 1.03%, 02/25/2066(1)(3) | 46,847 | |
| 38,836 | 1.22%, 05/25/2065(1)(5) | 36,246 | |
| 24,758 | 1.50%, 05/25/2065(1)(5) | 23,286 | |
| 234,845 | 1.82%, 11/25/2066(1)(3) | 201,778 | |
| 469,683 | 1.83%, 10/25/2066(1)(3) | 401,190 | |
| 343,196 | 2.72%, 01/25/2067(1)(5) | 303,884 | |
| 23,675 | 3.69%, 11/25/2059(1)(3) | 22,860 | |
| 208,112 | VOLT CIII LLC 1.99%, 08/25/2051(1)(5) | 198,542 | |
| 122,798 | VOLT XCIII LLC 4.89%, 02/27/2051(1)(5) | 119,529 | |
| 93,717 | VOLT XCIV LLC 5.24%, 02/27/2051(1)(5) | 91,866 | |
| 114,484 | VOLT XCIX LLC 5.12%, 04/25/2051(1)(5) | 110,376 | |
| 68,365 | VOLT XCV LLC 5.24%, 03/27/2051(1)(5) | 66,391 | |
| 20,033,959 | |||
| Total Asset & Commercial Mortgage-Backed Securities (cost $59,478,936) | $ 55,612,846 | ||
| CORPORATE BONDS - 27.3% | |||
| Aerospace/Defense - 0.7% | |||
| 200,000 | BAE Systems PLC 5.13%, 03/26/2029(1) | $ 196,357 | |
| Boeing Co. | |||
| 45,000 | 3.75%, 02/01/2050 | 29,023 | |
| 131,000 | 5.04%, 05/01/2027 | 127,131 | |
| 60,000 | 5.15%, 05/01/2030 | 56,861 | |
| 75,000 | 5.81%, 05/01/2050 | 66,327 | |
| 80,000 | 5.93%, 05/01/2060 | 69,955 | |
| 95,000 | 6.30%, 05/01/2029(1) | 95,325 | |
| 80,000 | 6.39%, 05/01/2031(1) | 80,422 | |
| 185,000 | 6.53%, 05/01/2034(1) | 186,139 | |
| L3Harris Technologies, Inc. | |||
| 160,000 | 5.05%, 06/01/2029 | 156,413 | |
| 235,000 | 5.35%, 06/01/2034 | 227,155 | |
| 235,000 | Northrop Grumman Corp. 5.15%, 05/01/2040 | 220,544 | |
| 295,000 | RTX Corp. 5.75%, 11/08/2026 | 297,057 | |
| 1,808,709 | |||
| Agriculture - 0.7% | |||
| 120,000 | Archer-Daniels-Midland Co. 2.90%, 03/01/2032 | 100,235 | |
| BAT Capital Corp. | |||
| 220,000 | 5.83%, 02/20/2031 | 219,910 | |
| 95,000 | 6.00%, 02/20/2034 | 94,431 | |
| Cargill, Inc. | |||
| 255,000 | 2.13%, 11/10/2031(1) | 203,542 | |
| 110,000 | 4.00%, 06/22/2032(1) | 99,588 | |
| 60,000 | 4.75%, 04/24/2033(1) | 56,952 | |
| Philip Morris International, Inc. | |||
| 375,000 | 5.13%, 02/15/2030 | 368,564 | |
| 250,000 | 5.13%, 02/13/2031 | 243,045 | |
| 85,000 | 5.38%, 02/15/2033 | 83,360 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Agriculture - 0.7% - (continued) | |||
| $ 70,000 | 5.63%, 11/17/2029 | $ 70,599 | |
| 250,000 | 5.63%, 09/07/2033 | 247,752 | |
| 1,787,978 | |||
| Apparel - 0.0% | |||
| Tapestry, Inc. | |||
| 65,000 | 7.05%, 11/27/2025 | 65,909 | |
| 39,000 | 7.70%, 11/27/2030 | 40,383 | |
| 106,292 | |||
| Auto Manufacturers - 0.2% | |||
| 245,000 | Hyundai Capital America 5.50%, 03/30/2026(1) | 243,437 | |
| 250,000 | Mercedes-Benz Finance North America LLC 4.95%, 03/30/2025(1) | 248,603 | |
| 492,040 | |||
| Biotechnology - 0.4% | |||
| Amgen, Inc. | |||
| 145,000 | 5.25%, 03/02/2030 | 143,708 | |
| 145,000 | 5.25%, 03/02/2033 | 141,804 | |
| 125,000 | 5.75%, 03/02/2063 | 119,507 | |
| 170,000 | CSL Finance PLC 4.25%, 04/27/2032(1) | 156,617 | |
| 105,000 | Gilead Sciences, Inc. 5.25%, 10/15/2033 | 103,512 | |
| Royalty Pharma PLC | |||
| 80,000 | 2.15%, 09/02/2031 | 62,691 | |
| 415,000 | 2.20%, 09/02/2030 | 336,943 | |
| 1,064,782 | |||
| Chemicals - 0.4% | |||
| Celanese U.S. Holdings LLC | |||
| 321,000 | 6.17%, 07/15/2027 | 322,814 | |
| 125,000 | 6.35%, 11/15/2028 | 126,976 | |
| 100,000 | 6.55%, 11/15/2030 | 102,425 | |
| 75,000 | 6.70%, 11/15/2033 | 77,424 | |
| 320,000 | Nutrien Ltd. 4.90%, 03/27/2028 | 313,029 | |
| Sherwin-Williams Co. | |||
| 272,000 | 2.30%, 05/15/2030 | 227,709 | |
| 2,000 | 2.95%, 08/15/2029 | 1,771 | |
| 1,172,148 | |||
| Commercial Banks - 7.4% | |||
| 200,000 | Banco Santander SA 5.54%, 03/14/2030, (5.54% fixed rate until 03/14/2029; 1 yr. USD CMT + 1.45% thereafter)(6) | 196,047 | |
| 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) | 365,529 | |
| 380,000 | 2.59%, 04/29/2031, (2.59% fixed rate until 04/29/2030; 6 mo. USD SOFR + 2.15% thereafter)(6) | 319,396 | |
| 1,435,000 | 2.69%, 04/22/2032, (2.69% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.32% thereafter)(6) | 1,182,603 | |
| 854,000 | 3.97%, 02/07/2030, (3.97% fixed rate until 02/07/2029; 3 mo. USD Term SOFR + 1.47% thereafter)(6) | 793,545 | |
| 120,000 | 5.47%, 01/23/2035, (5.47% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.65% thereafter)(6) | 116,670 | |
| Bank of New York Mellon Corp. | |||
| 95,000 | 4.98%, 03/14/2030, (4.98% fixed rate until 03/14/2029; 6 mo. USD SOFR + 1.09% thereafter)(6) | 92,951 | |
| 4 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Commercial Banks - 7.4% - (continued) | |||
| $ 190,000 | 5.19%, 03/14/2035, (5.19% fixed rate until 03/14/2034; 6 mo. USD SOFR + 1.42% thereafter)(6) | $ 183,173 | |
| 155,000 | 6.32%, 10/25/2029, (6.32% fixed rate until 10/25/2028; 6 mo. USD SOFR + 1.60% thereafter)(6) | 160,112 | |
| 510,000 | Barclays PLC 5.69%, 03/12/2030, (5.69% fixed rate until 03/12/2029; 6 mo. USD SOFR + 1.74% thereafter)(6) | 503,349 | |
| BNP Paribas SA | |||
| 410,000 | 5.34%, 06/12/2029, (5.34% fixed rate until 06/12/2028; 1 yr. USD CMT + 1.50% thereafter)(1)(6) | 405,906 | |
| 315,000 | 5.89%, 12/05/2034, (5.89% fixed rate until 12/05/2033; 6 mo. USD SOFR + 1.87% thereafter)(1)(6) | 318,067 | |
| 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) | 227,199 | |
| 585,000 | 6.71%, 10/19/2029, (6.71% fixed rate until 10/19/2028; 6 mo. USD SOFR + 2.27% thereafter)(1)(6) | 602,083 | |
| 425,000 | 7.00%, 10/19/2034, (7.00% fixed rate until 10/19/2033; 6 mo. USD SOFR + 2.59% thereafter)(1)(6) | 447,233 | |
| 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) | 253,319 | |
| 310,000 | Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed rate until 02/13/2029; 6 mo. USD SOFR + 1.36% thereafter)(6) | 303,164 | |
| Citizens Financial Group, Inc. | |||
| 120,000 | 5.84%, 01/23/2030, (5.84% fixed rate until 01/23/2029; 6 mo. USD SOFR + 2.01% thereafter)(6) | 117,437 | |
| 30,000 | 6.65%, 04/25/2035, (6.65% fixed rate until 04/25/2034; 6 mo. USD SOFR + 2.33% thereafter)(6) | 30,098 | |
| 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) | 397,424 | |
| 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) | 200,831 | |
| Deutsche Bank AG | |||
| 150,000 | 6.72%, 01/18/2029, (6.72% fixed rate until 01/18/2028; 6 mo. USD SOFR + 3.18% thereafter)(6) | 152,927 | |
| 235,000 | 6.82%, 11/20/2029, (6.82% fixed rate until 11/20/2028; 6 mo. USD SOFR + 2.51% thereafter)(6) | 241,344 | |
| 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) | 35,397 | |
| 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) | 59,212 | |
| 235,000 | 2.38%, 07/21/2032, (2.38% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.25% thereafter)(6) | 188,131 | |
| 221,000 | 2.60%, 02/07/2030 | 189,325 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Commercial Banks - 7.4% - (continued) | |||
| $ 495,000 | 2.62%, 04/22/2032, (2.62% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.28% thereafter)(6) | $ 405,415 | |
| 215,000 | 5.73%, 04/25/2030, (5.73% fixed rate until 04/25/2029; 6 mo. USD SOFR + 1.27% thereafter)(6) | 215,297 | |
| HSBC Holdings PLC | |||
| 200,000 | 1.59%, 05/24/2027, (1.59% fixed rate until 05/24/2026; 6 mo. USD SOFR + 1.29% thereafter)(6) | 183,188 | |
| 230,000 | 2.21%, 08/17/2029, (2.21% fixed rate until 08/17/2028; 6 mo. USD SOFR + 1.29% thereafter)(6) | 198,389 | |
| 205,000 | 4.58%, 06/19/2029, (4.58% fixed rate until 06/19/2028; 3 mo. USD Term SOFR + 1.80% thereafter)(6) | 195,394 | |
| 280,000 | 5.40%, 08/11/2033, (5.40% fixed rate until 08/11/2032; 6 mo. USD SOFR + 2.87% thereafter)(6) | 270,597 | |
| 250,000 | Huntington National Bank 5.65%, 01/10/2030 | 245,292 | |
| 210,000 | Intesa Sanpaolo SpA 7.80%, 11/28/2053(1) | 225,445 | |
| 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) | 177,809 | |
| 408,000 | 2.30%, 10/15/2025, (2.30% fixed rate until 10/15/2024; 6 mo. USD SOFR + 1.16% thereafter)(6) | 401,272 | |
| 370,000 | 2.55%, 11/08/2032, (2.55% fixed rate until 11/08/2031; 6 mo. USD SOFR + 1.18% thereafter)(6) | 300,144 | |
| 70,000 | 2.58%, 04/22/2032, (2.58% fixed rate until 04/22/2031; 3 mo. USD Term SOFR + 1.25% thereafter)(6) | 57,676 | |
| 200,000 | 4.91%, 07/25/2033, (4.91% fixed rate until 07/25/2032; 6 mo. USD SOFR + 2.08% thereafter)(6) | 190,219 | |
| 370,000 | 5.34%, 01/23/2035, (5.34% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.62% thereafter)(6) | 358,590 | |
| 200,000 | 5.58%, 04/22/2030, (5.58% fixed rate until 04/22/2029; 6 mo. USD SOFR + 1.16% thereafter)(6) | 199,846 | |
| 335,000 | 6.07%, 10/22/2027, (6.07% fixed rate until 10/22/2026; 6 mo. USD SOFR + 1.33% thereafter)(6) | 338,914 | |
| 215,000 | 6.09%, 10/23/2029, (6.09% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.57% thereafter)(6) | 219,368 | |
| M&T Bank Corp. | |||
| 385,000 | 5.05%, 01/27/2034, (5.05% fixed rate until 01/27/2033; 6 mo. USD SOFR + 1.85% thereafter)(6) | 346,625 | |
| 245,000 | 7.41%, 10/30/2029, (7.41% fixed rate until 10/30/2028; 6 mo. USD SOFR + 2.80% thereafter)(6) | 254,072 | |
| 500,000 | Manufacturers & Traders Trust Co. 4.70%, 01/27/2028 | 473,239 | |
| Morgan Stanley | |||
| 372,000 | 1.79%, 02/13/2032, (1.79% fixed rate until 02/13/2031; 6 mo. USD SOFR + 1.03% thereafter)(6) | 290,225 | |
| 5 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Commercial Banks - 7.4% - (continued) | |||
| $ 45,000 | 1.93%, 04/28/2032, (1.93% fixed rate until 04/28/2031; 6 mo. USD SOFR + 1.02% thereafter)(6) | $ 35,267 | |
| 387,000 | 2.70%, 01/22/2031, (2.70% fixed rate until 01/22/2030; 6 mo. USD SOFR + 1.14% thereafter)(6) | 331,390 | |
| 141,000 | 3.97%, 07/22/2038(3) | 115,810 | |
| 115,000 | 5.45%, 07/20/2029, (5.45% fixed rate until 07/20/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) | 114,230 | |
| 235,000 | 5.66%, 04/18/2030, (5.66% fixed rate until 04/18/2029; 6 mo. USD SOFR + 1.26% thereafter)(6) | 234,922 | |
| 800,000 | 6.41%, 11/01/2029, (6.41% fixed rate until 11/01/2028; 6 mo. USD SOFR + 1.83% thereafter)(6) | 824,716 | |
| 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) | 244,809 | |
| 245,000 | Norinchukin Bank 5.43%, 03/09/2028(1) | 243,919 | |
| PNC Financial Services Group, Inc. | |||
| 90,000 | 5.30%, 01/21/2028, (5.30% fixed rate until 01/21/2027; 6 mo. USD SOFR + 1.34% thereafter)(6) | 89,187 | |
| 115,000 | 5.68%, 01/22/2035, (5.68% fixed rate until 01/22/2034; 6 mo. USD SOFR + 1.90% thereafter)(6) | 112,638 | |
| 105,000 | 6.04%, 10/28/2033, (6.04% fixed rate until 10/28/2032; 6 mo. USD SOFR + 2.14% thereafter)(6) | 105,966 | |
| 610,000 | Societe Generale SA 6.22%, 06/15/2033, (6.22% fixed rate until 06/15/2032; 1 yr. USD CMT + 3.20% thereafter)(1)(6) | 595,709 | |
| 200,000 | Standard Chartered PLC 7.77%, 11/16/2028, (7.77% fixed rate until 11/16/2027; 1 yr. USD CMT + 3.45% thereafter)(1)(6) | 210,991 | |
| UBS Group AG | |||
| 325,000 | 5.43%, 02/08/2030, (5.43% fixed rate until 02/08/2029; 1 yr. USD CMT + 1.52% thereafter)(1)(6) | 319,510 | |
| 200,000 | 6.25%, 09/22/2029, (6.25% fixed rate until 09/22/2028; 1 yr. USD CMT + 1.80% thereafter)(1)(6) | 202,890 | |
| 530,000 | 6.54%, 08/12/2033, (6.54% fixed rate until 08/12/2032; 6 mo. USD SOFR + 3.92% thereafter)(1)(6) | 542,208 | |
| Wells Fargo & Co. | |||
| 230,000 | 2.57%, 02/11/2031, (2.57% fixed rate until 02/11/2030; 3 mo. USD Term SOFR + 1.26% thereafter)(6) | 194,395 | |
| 210,000 | 3.35%, 03/02/2033, (3.35% fixed rate until 03/02/2032; 6 mo. USD SOFR + 1.50% thereafter)(6) | 177,482 | |
| 70,000 | 4.81%, 07/25/2028, (4.81% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.98% thereafter)(6) | 68,210 | |
| 260,000 | 4.90%, 07/25/2033, (4.90% fixed rate until 07/25/2032; 6 mo. USD SOFR + 2.10% thereafter)(6) | 244,071 | |
| 211,000 | 5.01%, 04/04/2051, (5.01% fixed rate until 04/04/2050; 3 mo. USD Term SOFR + 4.50% thereafter)(6) | 187,367 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Commercial Banks - 7.4% - (continued) | |||
| $ 140,000 | 5.50%, 01/23/2035, (5.50% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.78% thereafter)(6) | $ 135,965 | |
| 725,000 | 5.57%, 07/25/2029, (5.57% fixed rate until 07/25/2028; 6 mo. USD SOFR + 1.74% thereafter)(6) | 722,532 | |
| 150,000 | 6.30%, 10/23/2029, (6.30% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.79% thereafter)(6) | 153,610 | |
| 120,000 | 6.49%, 10/23/2034, (6.49% fixed rate until 10/23/2033; 6 mo. USD SOFR + 2.06% thereafter)(6) | 124,891 | |
| 19,962,173 | |||
| Commercial Services - 0.0% | |||
| Howard University | |||
| 100,000 | 2.90%, 10/01/2031 | 83,080 | |
| 70,000 | 3.48%, 10/01/2041 | 48,209 | |
| 131,289 | |||
| Diversified Financial Services - 0.4% | |||
| 65,000 | American Express Co. 6.34%, 10/30/2026, (6.34% fixed rate until 10/30/2025; 6 mo. USD SOFR + 1.33% thereafter)(6) | 65,514 | |
| Capital One Financial Corp. | |||
| 140,000 | 1.88%, 11/02/2027, (1.88% fixed rate until 11/02/2026; 6 mo. USD SOFR + 0.86% thereafter)(6) | 127,014 | |
| 210,000 | 3.27%, 03/01/2030, (3.27% fixed rate until 03/01/2029; 6 mo. USD SOFR + 1.79% thereafter)(6) | 185,329 | |
| 95,000 | 5.25%, 07/26/2030, (5.25% fixed rate until 07/26/2029; 6 mo. USD SOFR + 2.60% thereafter)(6) | 91,409 | |
| 435,000 | 7.62%, 10/30/2031, (7.62% fixed rate until 10/30/2030; 6 mo. USD SOFR + 3.07% thereafter)(6) | 467,911 | |
| 55,000 | Discover Financial Services 7.96%, 11/02/2034, (7.96% fixed rate until 11/02/2033; 6 mo. USD SOFR + 3.37% thereafter)(6) | 60,532 | |
| 997,709 | |||
| Electric - 5.2% | |||
| Alabama Power Co. | |||
| 100,000 | 3.45%, 10/01/2049 | 69,607 | |
| 42,000 | 4.15%, 08/15/2044 | 33,509 | |
| Arizona Public Service Co. | |||
| 110,000 | 5.55%, 08/01/2033 | 107,874 | |
| 105,000 | 6.35%, 12/15/2032 | 108,968 | |
| 250,000 | CenterPoint Energy, Inc. 5.25%, 08/10/2026 | 248,294 | |
| 95,000 | Cleco Corporate Holdings LLC 3.38%, 09/15/2029 | 81,099 | |
| Consolidated Edison Co. of New York, Inc. | |||
| 195,000 | 3.20%, 12/01/2051 | 126,099 | |
| 25,000 | 5.50%, 03/15/2034 | 24,931 | |
| Dominion Energy, Inc. | |||
| 234,000 | 3.38%, 04/01/2030 | 207,308 | |
| 151,000 | 5.38%, 11/15/2032 | 146,858 | |
| 10,000 | 6.30%, 03/15/2033 | 10,221 | |
| Duke Energy Corp. | |||
| 95,000 | 2.45%, 06/01/2030 | 80,008 | |
| 875,000 | 2.55%, 06/15/2031 | 719,510 | |
| 120,000 | 3.75%, 09/01/2046 | 85,572 | |
| 65,000 | 5.00%, 08/15/2052 | 55,456 | |
| 220,000 | Duke Energy Florida LLC 5.88%, 11/15/2033 | 224,826 | |
| 6 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Electric - 5.2% - (continued) | |||
| $ 82,000 | Duke Energy Indiana LLC 3.25%, 10/01/2049 | $ 54,089 | |
| 80,000 | Duke Energy Ohio, Inc. 5.55%, 03/15/2054 | 75,584 | |
| Edison International | |||
| 95,000 | 4.13%, 03/15/2028 | 89,379 | |
| 160,000 | 5.25%, 11/15/2028 | 156,689 | |
| 60,000 | 6.95%, 11/15/2029 | 62,978 | |
| 309,000 | Evergy, Inc. 2.90%, 09/15/2029 | 270,710 | |
| Eversource Energy | |||
| 445,000 | 5.13%, 05/15/2033 | 419,882 | |
| 245,000 | 5.45%, 03/01/2028 | 243,008 | |
| 125,000 | 5.50%, 01/01/2034 | 120,293 | |
| 40,000 | 5.95%, 02/01/2029 | 40,438 | |
| FirstEnergy Pennsylvania Electric Co. | |||
| 27,000 | 5.15%, 03/30/2026(1) | 26,603 | |
| 15,000 | 5.20%, 04/01/2028(1) | 14,806 | |
| 250,000 | Florida Power & Light Co. 4.63%, 05/15/2030 | 242,276 | |
| Georgia Power Co. | |||
| 71,000 | 4.30%, 03/15/2042 | 58,617 | |
| 240,000 | 4.65%, 05/16/2028 | 233,282 | |
| 55,000 | 4.70%, 05/15/2032 | 52,050 | |
| 90,000 | 5.25%, 03/15/2034 | 87,494 | |
| 147,000 | ITC Holdings Corp. 2.95%, 05/14/2030(1) | 126,529 | |
| 115,000 | Monongahela Power Co. 5.85%, 02/15/2034(1) | 114,622 | |
| 295,000 | National Grid PLC 5.60%, 06/12/2028 | 294,739 | |
| National Rural Utilities Cooperative Finance Corp. | |||
| 235,000 | 4.15%, 12/15/2032 | 211,800 | |
| 220,000 | 5.00%, 02/07/2031 | 213,560 | |
| 35,000 | 5.80%, 01/15/2033 | 35,491 | |
| NextEra Energy Capital Holdings, Inc. | |||
| 629,000 | 2.25%, 06/01/2030 | 521,812 | |
| 125,000 | 5.75%, 09/01/2025 | 125,081 | |
| Oglethorpe Power Corp. | |||
| 184,000 | 5.05%, 10/01/2048 | 158,864 | |
| 25,000 | 5.25%, 09/01/2050 | 21,903 | |
| 115,000 | Ohio Edison Co. 5.50%, 01/15/2033(1) | 111,634 | |
| 225,000 | Ohio Power Co. 5.00%, 06/01/2033 | 214,351 | |
| 180,000 | Oncor Electric Delivery Co. LLC 5.65%, 11/15/2033 | 180,786 | |
| Pacific Gas & Electric Co. | |||
| 755,000 | 2.50%, 02/01/2031 | 612,233 | |
| 175,000 | 3.25%, 06/01/2031 | 148,015 | |
| 330,000 | 4.55%, 07/01/2030 | 306,124 | |
| 340,000 | 5.45%, 06/15/2027 | 337,789 | |
| 140,000 | 6.10%, 01/15/2029 | 141,145 | |
| 275,000 | 6.15%, 01/15/2033 | 275,216 | |
| 270,000 | 6.40%, 06/15/2033 | 274,871 | |
| 105,000 | Public Service Electric & Gas Co. 5.45%, 03/01/2054 | 101,117 | |
| Public Service Enterprise Group, Inc. | |||
| 80,000 | 5.20%, 04/01/2029 | 78,525 | |
| 50,000 | 5.45%, 04/01/2034 | 48,659 | |
| 160,000 | 6.13%, 10/15/2033 | 162,913 | |
| Puget Energy, Inc. | |||
| 824,000 | 3.65%, 05/15/2025 | 803,852 | |
| 60,000 | 4.22%, 03/15/2032 | 52,472 | |
| Southern California Edison Co. | |||
| 232,000 | 2.25%, 06/01/2030 | 192,648 | |
| 75,000 | 2.75%, 02/01/2032 | 61,464 | |
| 166,000 | 3.65%, 02/01/2050 | 115,486 | |
| 2,000 | 4.00%, 04/01/2047 | 1,497 | |
| 505,000 | 4.90%, 06/01/2026 | 498,690 | |
| 135,000 | 5.15%, 06/01/2029 | 132,791 | |
| 275,000 | 5.20%, 06/01/2034 | 262,399 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Electric - 5.2% - (continued) | |||
| $ 85,000 | 5.75%, 04/15/2054 | $ 81,621 | |
| 30,000 | 5.95%, 11/01/2032 | 30,514 | |
| Southern Co. | |||
| 4,000 | 3.25%, 07/01/2026 | 3,813 | |
| 233,000 | 3.70%, 04/30/2030 | 210,754 | |
| 370,000 | 4.85%, 06/15/2028 | 360,686 | |
| 175,000 | 5.20%, 06/15/2033 | 168,742 | |
| 345,000 | 5.70%, 03/15/2034 | 344,125 | |
| 165,000 | Southwestern Electric Power Co. 5.30%, 04/01/2033 | 157,213 | |
| Virginia Electric & Power Co. | |||
| 62,000 | 2.45%, 12/15/2050 | 33,924 | |
| 310,000 | 5.00%, 04/01/2033 | 295,586 | |
| 430,000 | 5.00%, 01/15/2034 | 408,584 | |
| 50,000 | 5.35%, 01/15/2054 | 46,326 | |
| 150,000 | Wisconsin Power & Light Co. 5.38%, 03/30/2034 | 145,856 | |
| 80,000 | Xcel Energy, Inc. 4.60%, 06/01/2032 | 73,408 | |
| 13,878,548 | |||
| Entertainment - 0.1% | |||
| Warnermedia Holdings, Inc. | |||
| 130,000 | 4.28%, 03/15/2032 | 111,959 | |
| 30,000 | 5.05%, 03/15/2042 | 24,050 | |
| 105,000 | 5.14%, 03/15/2052 | 80,375 | |
| 216,384 | |||
| Food - 0.4% | |||
| Conagra Brands, Inc. | |||
| 307,000 | 4.85%, 11/01/2028 | 297,034 | |
| 210,000 | 5.30%, 10/01/2026 | 208,515 | |
| 195,000 | Hormel Foods Corp. 4.80%, 03/30/2027 | 192,703 | |
| 115,000 | Sysco Corp. 5.75%, 01/17/2029 | 116,173 | |
| Tyson Foods, Inc. | |||
| 75,000 | 5.40%, 03/15/2029 | 74,212 | |
| 90,000 | 5.70%, 03/15/2034 | 88,314 | |
| 976,951 | |||
| Gas - 0.9% | |||
| 125,000 | Boston Gas Co. 3.76%, 03/16/2032(1) | 106,879 | |
| 325,000 | Brooklyn Union Gas Co. 4.87%, 08/05/2032(1) | 295,009 | |
| 55,000 | East Ohio Gas Co. 3.00%, 06/15/2050(1) | 32,509 | |
| 65,000 | KeySpan Gas East Corp. 5.99%, 03/06/2033(1) | 64,119 | |
| NiSource, Inc. | |||
| 75,000 | 1.70%, 02/15/2031 | 58,497 | |
| 242,000 | 3.49%, 05/15/2027 | 228,086 | |
| 250,000 | 5.25%, 03/30/2028 | 247,286 | |
| 270,000 | 5.35%, 04/01/2034 | 258,728 | |
| 115,000 | 5.40%, 06/30/2033 | 111,922 | |
| Southern California Gas Co. | |||
| 410,000 | 5.20%, 06/01/2033 | 399,092 | |
| 301,000 | 5.60%, 04/01/2054 | 285,921 | |
| 25,000 | 5.75%, 06/01/2053 | 24,199 | |
| 50,000 | Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 | 50,223 | |
| Southwest Gas Corp. | |||
| 199,000 | 2.20%, 06/15/2030 | 164,794 | |
| 35,000 | 4.15%, 06/01/2049 | 25,791 | |
| 2,353,055 | |||
| Hand/Machine Tools - 0.2% | |||
| 520,000 | Regal Rexnord Corp. 6.05%, 04/15/2028(1) | 519,031 | |
| Healthcare - Products - 0.2% | |||
| 400,000 | Alcon Finance Corp. 3.00%, 09/23/2029(1) | 354,277 | |
| 7 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Healthcare - Products - 0.2% - (continued) | |||
| $ 85,000 | Smith & Nephew PLC 5.40%, 03/20/2034 | $ 81,978 | |
| 235,000 | Solventum Corp. 5.40%, 03/01/2029(1) | 230,455 | |
| 666,710 | |||
| Healthcare - Services - 0.5% | |||
| CommonSpirit Health | |||
| 117,000 | 2.76%, 10/01/2024 | 115,587 | |
| 165,000 | 5.21%, 12/01/2031 | 160,078 | |
| HCA, Inc. | |||
| 30,000 | 5.45%, 04/01/2031 | 29,378 | |
| 205,000 | 5.60%, 04/01/2034 | 199,953 | |
| Humana, Inc. | |||
| 160,000 | 5.38%, 04/15/2031 | 155,994 | |
| 45,000 | 5.75%, 12/01/2028 | 45,176 | |
| Kaiser Foundation Hospitals | |||
| 175,000 | 2.81%, 06/01/2041 | 122,652 | |
| 30,000 | 3.00%, 06/01/2051 | 19,391 | |
| UnitedHealth Group, Inc. | |||
| 20,000 | 3.50%, 08/15/2039 | 15,714 | |
| 87,000 | 4.75%, 07/15/2045 | 77,361 | |
| 35,000 | 4.95%, 05/15/2062 | 30,567 | |
| 105,000 | 5.35%, 02/15/2033 | 104,835 | |
| 275,000 | 5.38%, 04/15/2054 | 261,287 | |
| 55,000 | 5.88%, 02/15/2053 | 56,051 | |
| 65,000 | 6.05%, 02/15/2063 | 67,194 | |
| 1,461,218 | |||
| Household Products - 0.1% | |||
| 245,000 | Kenvue, Inc. 5.50%, 03/22/2025 | 245,026 | |
| Insurance - 1.4% | |||
| 40,000 | Aon Corp. 2.80%, 05/15/2030 | 34,430 | |
| 90,000 | Aon Corp./Aon Global Holdings PLC 5.35%, 02/28/2033 | 87,790 | |
| 325,000 | Aon North America, Inc. 5.45%, 03/01/2034 | 317,997 | |
| Athene Global Funding | |||
| 350,000 | 2.65%, 10/04/2031(1) | 279,790 | |
| 80,000 | 2.72%, 01/07/2029(1) | 69,663 | |
| 330,000 | 5.68%, 02/23/2026(1) | 329,167 | |
| 250,000 | Athene Holding Ltd. 5.88%, 01/15/2034 | 243,849 | |
| 290,000 | Brighthouse Financial Global Funding 1.75%, 01/13/2025(1) | 281,537 | |
| Corebridge Financial, Inc. | |||
| 145,000 | 3.85%, 04/05/2029 | 133,057 | |
| 240,000 | 5.75%, 01/15/2034 | 235,687 | |
| 25,000 | 6.05%, 09/15/2033(1) | 24,953 | |
| 50,000 | Corebridge Global Funding 5.90%, 09/19/2028(1) | 50,282 | |
| 475,000 | Equitable Financial Life Global Funding 1.80%, 03/08/2028(1) | 412,510 | |
| 85,000 | Equitable Holdings, Inc. 4.35%, 04/20/2028 | 80,980 | |
| 295,000 | GA Global Funding Trust 5.50%, 01/08/2029(1) | 290,260 | |
| 80,000 | Marsh & McLennan Cos., Inc. 4.75%, 03/15/2039 | 72,660 | |
| 320,000 | Metropolitan Life Global Funding I 2.40%, 01/11/2032(1) | 256,527 | |
| 190,000 | Principal Financial Group, Inc. 5.38%, 03/15/2033 | 186,120 | |
| 95,000 | Principal Life Global Funding II 5.10%, 01/25/2029(1) | 92,792 | |
| 259,000 | Willis North America, Inc. 2.95%, 09/15/2029 | 226,674 | |
| 3,706,725 | |||
| Internet - 0.1% | |||
| 375,000 | Meta Platforms, Inc. 4.60%, 05/15/2028 | 368,290 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Investment Company Security - 0.2% | |||
| $ 525,000 | Bain Capital Specialty Finance, Inc. 2.55%, 10/13/2026 | $ 478,461 | |
| IT Services - 0.1% | |||
| 250,000 | Apple, Inc. 4.15%, 05/10/2030 | 240,300 | |
| Machinery-Diversified - 0.1% | |||
| AGCO Corp. | |||
| 45,000 | 5.45%, 03/21/2027 | 44,850 | |
| 30,000 | 5.80%, 03/21/2034 | 29,351 | |
| 365,000 | Otis Worldwide Corp. 2.57%, 02/15/2030 | 312,713 | |
| 386,914 | |||
| Media - 1.4% | |||
| Charter Communications Operating LLC/Charter Communications Operating Capital | |||
| 40,000 | 3.50%, 03/01/2042 | 25,285 | |
| 75,000 | 3.70%, 04/01/2051 | 43,847 | |
| 256,000 | 3.85%, 04/01/2061 | 143,148 | |
| 150,000 | 3.90%, 06/01/2052 | 90,231 | |
| 482,000 | 4.20%, 03/15/2028 | 448,179 | |
| 380,000 | 4.40%, 12/01/2061 | 235,032 | |
| 225,000 | 4.80%, 03/01/2050 | 157,655 | |
| 98,000 | 5.13%, 07/01/2049 | 71,745 | |
| 100,000 | 5.75%, 04/01/2048 | 80,544 | |
| Comcast Corp. | |||
| 215,000 | 2.89%, 11/01/2051 | 130,254 | |
| 459,000 | 3.20%, 07/15/2036 | 361,117 | |
| 210,000 | 3.75%, 04/01/2040 | 166,021 | |
| 425,000 | 4.55%, 01/15/2029 | 412,797 | |
| 195,000 | Cox Communications, Inc. 2.60%, 06/15/2031(1) | 157,738 | |
| Discovery Communications LLC | |||
| 600,000 | 3.90%, 11/15/2024 | 593,724 | |
| 23,000 | 4.13%, 05/15/2029 | 21,022 | |
| 427,000 | 5.20%, 09/20/2047 | 335,853 | |
| 25,000 | 5.30%, 05/15/2049 | 19,669 | |
| Paramount Global | |||
| 165,000 | 4.38%, 03/15/2043 | 109,161 | |
| 90,000 | 5.85%, 09/01/2043 | 71,233 | |
| 3,674,255 | |||
| Mining - 0.5% | |||
| BHP Billiton Finance USA Ltd. | |||
| 150,000 | 4.90%, 02/28/2033 | 143,824 | |
| 210,000 | 5.25%, 09/08/2033 | 205,782 | |
| Glencore Funding LLC | |||
| 350,000 | 5.37%, 04/04/2029(1) | 343,602 | |
| 365,000 | 5.63%, 04/04/2034(1) | 353,183 | |
| 175,000 | 6.38%, 10/06/2030(1) | 179,535 | |
| 195,000 | Rio Tinto Alcan, Inc. 6.13%, 12/15/2033 | 203,723 | |
| 1,429,649 | |||
| Office/Business Equipment - 0.1% | |||
| CDW LLC/CDW Finance Corp. | |||
| 80,000 | 2.67%, 12/01/2026 | 74,036 | |
| 175,000 | 5.50%, 12/01/2024 | 174,321 | |
| 248,357 | |||
| Oil & Gas - 1.1% | |||
| 150,000 | Aker BP ASA 3.75%, 01/15/2030(1) | 135,212 | |
| BP Capital Markets America, Inc. | |||
| 130,000 | 3.38%, 02/08/2061 | 84,147 | |
| 225,000 | 4.81%, 02/13/2033 | 215,108 | |
| 130,000 | 4.89%, 09/11/2033 | 124,873 | |
| 65,000 | Canadian Natural Resources Ltd. 2.95%, 07/15/2030 | 55,837 | |
| 30,000 | Cenovus Energy, Inc. 2.65%, 01/15/2032 | 24,214 | |
| 8 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Oil & Gas - 1.1% - (continued) | |||
| ConocoPhillips Co. | |||
| $ 271,000 | 3.80%, 03/15/2052 | $ 199,176 | |
| 45,000 | 4.03%, 03/15/2062 | 33,179 | |
| 85,000 | 5.05%, 09/15/2033 | 82,741 | |
| 20,000 | 5.55%, 03/15/2054 | 19,389 | |
| 105,000 | 5.70%, 09/15/2063 | 103,150 | |
| Diamondback Energy, Inc. | |||
| 65,000 | 5.40%, 04/18/2034 | 63,193 | |
| 30,000 | 5.90%, 04/18/2064 | 28,648 | |
| 160,000 | 6.25%, 03/15/2033 | 165,329 | |
| 232,000 | Equinor ASA 3.63%, 04/06/2040 | 184,944 | |
| Hess Corp. | |||
| 118,000 | 7.13%, 03/15/2033 | 129,469 | |
| 221,000 | 7.30%, 08/15/2031 | 242,995 | |
| 60,000 | Ovintiv, Inc. 7.38%, 11/01/2031 | 64,130 | |
| Phillips 66 Co. | |||
| 165,000 | 4.95%, 12/01/2027 | 162,689 | |
| 270,000 | 5.30%, 06/30/2033 | 262,186 | |
| 200,000 | Pioneer Natural Resources Co. 5.10%, 03/29/2026 | 198,542 | |
| Shell International Finance BV | |||
| 265,000 | 3.00%, 11/26/2051 | 168,617 | |
| 75,000 | 3.25%, 04/06/2050 | 50,860 | |
| 185,000 | TotalEnergies Capital SA 5.64%, 04/05/2064 | 180,816 | |
| 2,979,444 | |||
| Pharmaceuticals - 0.7% | |||
| AbbVie, Inc. | |||
| 118,000 | 3.20%, 11/21/2029 | 106,386 | |
| 145,000 | 4.95%, 03/15/2031 | 142,224 | |
| 40,000 | 5.40%, 03/15/2054 | 38,776 | |
| Bristol-Myers Squibb Co. | |||
| 120,000 | 5.20%, 02/22/2034 | 117,592 | |
| 135,000 | 5.55%, 02/22/2054 | 130,353 | |
| 385,000 | Cigna Group 5.00%, 05/15/2029 | 377,133 | |
| CVS Health Corp. | |||
| 214,000 | 2.70%, 08/21/2040 | 140,029 | |
| 7,000 | 4.13%, 04/01/2040 | 5,587 | |
| 355,000 | 5.00%, 01/30/2029 | 348,606 | |
| 171,000 | 5.13%, 02/21/2030 | 167,269 | |
| 250,000 | Pfizer Investment Enterprises Pte. Ltd. 4.45%, 05/19/2028 | 242,374 | |
| 1,816,329 | |||
| Pipelines - 1.3% | |||
| 90,000 | Cheniere Energy Partners LP 4.50%, 10/01/2029 | 84,225 | |
| Columbia Pipelines Holding Co. LLC | |||
| 210,000 | 5.68%, 01/15/2034(1) | 201,885 | |
| 100,000 | 6.04%, 08/15/2028(1) | 100,913 | |
| Columbia Pipelines Operating Co. LLC | |||
| 260,000 | 5.93%, 08/15/2030(1) | 260,362 | |
| 80,000 | 6.04%, 11/15/2033(1) | 80,252 | |
| 80,000 | 6.54%, 11/15/2053(1) | 82,492 | |
| Enbridge, Inc. | |||
| 50,000 | 2.50%, 08/01/2033 | 38,676 | |
| 80,000 | 5.30%, 04/05/2029 | 79,084 | |
| 265,000 | 5.63%, 04/05/2034 | 259,502 | |
| 415,000 | 5.70%, 03/08/2033 | 410,780 | |
| 30,000 | 6.00%, 11/15/2028 | 30,484 | |
| 495,000 | Energy Transfer LP 6.40%, 12/01/2030 | 509,964 | |
| 200,000 | Galaxy Pipeline Assets Bidco Ltd. 2.63%, 03/31/2036(1) | 156,866 | |
| 350,000 | Greensaif Pipelines Bidco SARL 6.13%, 02/23/2038(1) | 345,419 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Pipelines - 1.3% - (continued) | |||
| $ 50,000 | MPLX LP 2.65%, 08/15/2030 | $ 42,132 | |
| ONEOK, Inc. | |||
| 180,000 | 3.10%, 03/15/2030 | 156,981 | |
| 80,000 | 6.10%, 11/15/2032 | 81,180 | |
| 135,000 | Targa Resources Corp. 6.15%, 03/01/2029 | 137,315 | |
| 305,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp. 4.00%, 01/15/2032 | 267,993 | |
| 245,000 | Transcontinental Gas Pipe Line Co. LLC 3.25%, 05/15/2030 | 215,897 | |
| 3,542,402 | |||
| Real Estate Investment Trusts - 0.5% | |||
| American Tower Corp. | |||
| 110,000 | 3.80%, 08/15/2029 | 100,581 | |
| 275,000 | 5.25%, 07/15/2028 | 271,170 | |
| Crown Castle, Inc. | |||
| 40,000 | 2.50%, 07/15/2031 | 32,273 | |
| 214,000 | 3.80%, 02/15/2028 | 199,539 | |
| 275,000 | 4.80%, 09/01/2028 | 264,797 | |
| 211,000 | 5.60%, 06/01/2029 | 209,745 | |
| 155,000 | GLP Capital LP/GLP Financing II, Inc. 5.30%, 01/15/2029 | 150,519 | |
| 35,000 | Prologis Targeted U.S. Logistics Fund LP 5.25%, 04/01/2029(1) | 34,340 | |
| 135,000 | Realty Income Corp. 4.90%, 07/15/2033 | 126,774 | |
| 80,000 | VICI Properties LP 4.95%, 02/15/2030 | 75,877 | |
| 1,465,615 | |||
| Retail - 0.3% | |||
| 235,000 | AutoZone, Inc. 6.55%, 11/01/2033 | 249,482 | |
| 180,000 | Lowe's Cos., Inc. 4.80%, 04/01/2026 | 177,903 | |
| O'Reilly Automotive, Inc. | |||
| 130,000 | 4.70%, 06/15/2032 | 122,749 | |
| 125,000 | 5.75%, 11/20/2026 | 125,744 | |
| 675,878 | |||
| Semiconductors - 0.3% | |||
| Intel Corp. | |||
| 108,000 | 3.25%, 11/15/2049 | 70,071 | |
| 60,000 | 4.75%, 03/25/2050 | 50,329 | |
| 185,000 | 5.15%, 02/21/2034 | 178,494 | |
| 55,000 | 5.90%, 02/10/2063 | 53,547 | |
| 175,000 | Marvell Technology, Inc. 5.75%, 02/15/2029 | 175,808 | |
| 180,000 | NVIDIA Corp. 3.50%, 04/01/2040 | 144,658 | |
| 672,907 | |||
| Software - 0.4% | |||
| 165,000 | Adobe, Inc. 4.80%, 04/04/2029 | 163,107 | |
| Constellation Software, Inc. | |||
| 10,000 | 5.16%, 02/16/2029(1) | 9,779 | |
| 105,000 | 5.46%, 02/16/2034(1) | 102,336 | |
| Oracle Corp. | |||
| 70,000 | 2.95%, 04/01/2030 | 60,791 | |
| 219,000 | 3.60%, 04/01/2040 | 164,094 | |
| 67,000 | 3.80%, 11/15/2037 | 53,678 | |
| 145,000 | 4.00%, 11/15/2047 | 106,324 | |
| 450,000 | 5.38%, 07/15/2040 | 415,153 | |
| 36,000 | 6.15%, 11/09/2029 | 37,133 | |
| 1,112,395 | |||
| Telecommunications - 0.6% | |||
| AT&T, Inc. | |||
| 445,000 | 2.55%, 12/01/2033 | 343,817 | |
| 165,000 | 3.50%, 06/01/2041 | 122,363 | |
| 49,000 | 3.65%, 09/15/2059 | 31,787 | |
| 35,000 | 5.40%, 02/15/2034 | 34,188 | |
| 9 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 27.3% - (continued) | |||
| Telecommunications - 0.6% - (continued) | |||
| $ 245,000 | 5.54%, 02/20/2026 | $ 244,273 | |
| Cisco Systems, Inc. | |||
| 210,000 | 4.95%, 02/26/2031 | 206,469 | |
| 85,000 | 5.35%, 02/26/2064 | 80,928 | |
| T-Mobile USA, Inc. | |||
| 55,000 | 2.05%, 02/15/2028 | 48,601 | |
| 280,000 | 3.00%, 02/15/2041 | 195,647 | |
| 185,000 | 3.88%, 04/15/2030 | 169,209 | |
| 250,000 | 4.80%, 07/15/2028 | 243,549 | |
| 1,720,831 | |||
| Trucking & Leasing - 0.4% | |||
| 455,000 | DAE Funding LLC 1.55%, 08/01/2024(1) | 449,278 | |
| Penske Truck Leasing Co. LP/PTL Finance Corp. | |||
| 225,000 | 4.40%, 07/01/2027(1) | 216,266 | |
| 55,000 | 5.35%, 03/30/2029(1) | 54,027 | |
| 257,000 | 5.55%, 05/01/2028(1) | 255,277 | |
| 75,000 | 6.05%, 08/01/2028(1) | 75,815 | |
| 1,050,663 | |||
| Total Corporate Bonds (cost $77,210,271) | $ 73,409,458 | ||
| FOREIGN GOVERNMENT OBLIGATIONS - 1.4% | |||
| Bermuda - 0.2% | |||
| Bermuda Government International Bonds | |||
| 400,000 | 2.38%, 08/20/2030(7) | $ 328,600 | |
| 200,000 | 5.00%, 07/15/2032(7) | 188,600 | |
| 517,200 | |||
| Chile - 0.1% | |||
| 200,000 | Chile Government International Bonds 4.95%, 01/05/2036 | 186,108 | |
| Hungary - 0.2% | |||
| Hungary Government International Bonds | |||
| 305,000 | 5.50%, 03/26/2036(1) | 284,413 | |
| 265,000 | 6.13%, 05/22/2028(1) | 267,603 | |
| 552,016 | |||
| Israel - 0.1% | |||
| 200,000 | Israel Government International Bonds 5.75%, 03/12/2054 | 180,322 | |
| Mexico - 0.4% | |||
| Mexico Government International Bonds | |||
| 890,000 | 6.00%, 05/07/2036 | 857,954 | |
| 200,000 | 6.40%, 05/07/2054 | 188,293 | |
| 1,046,247 | |||
| Romania - 0.3% | |||
| Romania Government International Bonds | |||
| 466,000 | 3.00%, 02/14/2031(7) | 380,414 | |
| 458,000 | 5.88%, 01/30/2029(1) | 448,153 | |
| 828,567 | |||
| Saudi Arabia - 0.1% | |||
| 400,000 | Saudi Government International Bonds 5.00%, 01/18/2053(1) | 337,500 | |
| Total Foreign Government Obligations (cost $3,915,025) | $ 3,647,960 | ||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 0.6% | |||
| Airport - 0.0% | |||
| $ 75,000 | Dallas Fort Worth International Airport, TX, Rev 4.51%, 11/01/2051 | $ 64,911 | |
| Build America Bonds - 0.1% | |||
| 115,000 | Metropolitan Transportation Auth, NY, Rev 6.81%, 11/15/2040 | 122,549 | |
| 155,000 | State of California, CA, GO 7.30%, 10/01/2039 | 175,387 | |
| 297,936 | |||
| Development - 0.1% | |||
| 345,000 | New York Transportation Dev Corp., NY, Rev 4.25%, 09/01/2035 | 329,922 | |
| General - 0.3% | |||
| 40,000 | Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 3.91%, 12/01/2040 | 32,940 | |
| 224,206 | Commonwealth of Massachusetts, MA, Rev 4.11%, 07/15/2031 | 216,770 | |
| County of Riverside, CA, Rev | |||
| 55,000 | 2.96%, 02/15/2027 | 51,908 | |
| 55,000 | 3.07%, 02/15/2028 | 51,263 | |
| 65,000 | Dist of Columbia, DC, Rev 3.43%, 04/01/2042 | 49,734 | |
| 230,000 | State Board of Administration Finance Corp., FL, Rev 1.26%, 07/01/2025 | 219,337 | |
| 621,952 | |||
| Higher Education - 0.0% | |||
| Marshall University, WV, Rev, (AGM Insured) | |||
| 10,000 | 2.91%, 05/01/2026 | 9,521 | |
| 10,000 | 3.63%, 05/01/2034 | 8,553 | |
| 18,074 | |||
| Transportation - 0.0% | |||
| Metropolitan Transportation Auth, NY, Rev | |||
| 15,000 | 4.75%, 11/15/2045 | 15,261 | |
| 40,000 | 5.18, 11/15/2049, | 39,330 | |
| 54,591 | |||
| Utilities - 0.1% | |||
| 315,263 | Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035 | 311,931 | |
| Total Municipal Bonds (cost $1,888,028) | $ 1,699,317 | ||
| U.S. GOVERNMENT AGENCIES - 31.3% | |||
| Mortgage-Backed Agencies - 31.3% | |||
| Federal Home Loan Mortgage Corp. - 4.5% | |||
| 227,611 | 0.97%, 11/25/2030(2)(3) | $ 10,029 | |
| 7,449 | 1.13%, 12/15/2027 | 7,029 | |
| 1,404,834 | 1.21%, 06/25/2030(2)(3) | 75,999 | |
| 97,699 | 1.24%, 01/25/2030(2)(3) | 4,867 | |
| 8,765 | 1.25%, 12/15/2027 | 8,268 | |
| 1,534,112 | 1.48%, 06/25/2030(2)(3) | 99,991 | |
| 455,752 | 1.50%, 12/25/2050 | 346,911 | |
| 1,092,074 | 1.54%, 05/25/2030(2)(3) | 74,499 | |
| 1,222,882 | 1.68%, 05/25/2030(2)(3) | 90,175 | |
| 173,575 | 1.81%, 04/25/2030(2)(3) | 13,172 | |
| 430,426 | 2.00%, 07/25/2050 | 356,000 | |
| 214,159 | 2.00%, 10/01/2051 | 162,424 | |
| 2,202,333 | 2.00%, 12/01/2051 | 1,670,321 | |
| 3,435,777 | 2.00%, 01/01/2052 | 2,605,562 | |
| 19,175 | 2.50%, 12/15/2042 | 16,773 | |
| 934,693 | 2.50%, 09/01/2051 | 740,244 | |
| 1,622,643 | 4.50%, 08/01/2052 | 1,497,370 | |
| 1,781,163 | 5.00%, 09/01/2052 | 1,688,650 | |
| 2,133,411 | 5.00%, 11/01/2052 | 2,033,742 | |
| 10 |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 31.3% - (continued) | |||
| Mortgage-Backed Agencies - 31.3% - (continued) | |||
| Federal Home Loan Mortgage Corp. - 4.5% - (continued) | |||
| $ 97,758 | 7.18%, 11/25/2043, 30 day USD SOFR Average + 1.85%(1)(4) | $ 99,021 | |
| 270,000 | 8.68%, 05/25/2042, 30 day USD SOFR Average + 3.35%(1)(4) | 282,724 | |
| 115,000 | 8.88%, 08/25/2042, 30 day USD SOFR Average + 3.55%(1)(4) | 120,894 | |
| 120,000 | 10.33%, 03/25/2052, 30 day USD SOFR Average + 5.00%(1)(4) | 131,796 | |
| 12,136,461 | |||
| Federal National Mortgage Association - 7.0% | |||
| 37,143 | 1.25%, 02/25/2028 | 34,931 | |
| 7,906 | 1.50%, 09/25/2027 | 7,490 | |
| 137,368 | 2.00%, 10/01/2051 | 104,051 | |
| 478,149 | 2.00%, 11/01/2051 | 361,597 | |
| 5,540,599 | 2.00%, 04/01/2052 | 4,193,558 | |
| 922,133 | 2.50%, 02/01/2052 | 730,378 | |
| 1,206,681 | 2.50%, 05/01/2052 | 956,230 | |
| 958,986 | 2.50%, 06/01/2052 | 760,919 | |
| 924,839 | 2.50%, 07/01/2052 | 733,289 | |
| 773,588 | 2.50%, 08/01/2052 | 613,052 | |
| 282,000 | 3.00%, 12/25/2045 | 226,909 | |
| 366,080 | 3.00%, 10/25/2046 | 312,434 | |
| 313,000 | 3.00%, 03/25/2047 | 251,561 | |
| 184,798 | 3.00%, 03/01/2050 | 155,034 | |
| 1,877,843 | 3.00%, 11/01/2051 | 1,561,297 | |
| 497,416 | 3.50%, 08/01/2043 | 446,738 | |
| 735,000 | 4.50%, 12/25/2041 | 670,370 | |
| 2,992,367 | 4.50%, 12/01/2052 | 2,761,346 | |
| 1,761,750 | 5.00%, 09/01/2052 | 1,670,657 | |
| 2,276,800 | 5.50%, 06/01/2053 | 2,213,232 | |
| 18,765,073 | |||
| Government National Mortgage Association - 5.7% | |||
| 2,231,712 | 2.00%, 12/20/2050 | 1,761,012 | |
| 2,250,000 | 2.00%, 05/20/2054(8) | 1,772,193 | |
| 2,041,787 | 2.50%, 03/20/2051 | 1,677,584 | |
| 1,258,005 | 2.50%, 07/20/2051 | 1,032,877 | |
| 1,941,879 | 3.00%, 04/20/2051 | 1,658,574 | |
| 416,741 | 3.00%, 05/20/2051 | 355,207 | |
| 2,121,544 | 3.00%, 10/20/2051 | 1,808,434 | |
| 3,182,581 | 3.50%, 08/20/2052 | 2,806,465 | |
| 1,650,000 | 4.00%, 05/20/2054(8) | 1,495,313 | |
| 1,100,000 | 5.00%, 05/20/2054(8) | 1,052,751 | |
| 15,420,410 | |||
| Uniform Mortgage-Backed Security - 14.1% | |||
| 1,200,000 | 1.50%, 05/01/2039(8) | 1,010,389 | |
| 300,000 | 1.50%, 05/01/2054(8) | 215,058 | |
| 1,300,000 | 2.50%, 05/01/2039(8) | 1,152,626 | |
| 4,263,000 | 2.50%, 05/01/2054(8) | 3,372,834 | |
| 750,000 | 3.00%, 05/01/2039(8) | 681,152 | |
| 1,850,000 | 3.50%, 03/01/2052(8) | 1,596,076 | |
| 3,450,000 | 4.00%, 06/25/2052(8) | 3,086,133 | |
| 5,196,000 | 4.50%, 05/01/2054(8) | 4,792,493 | |
| 10,310,000 | 5.50%, 05/01/2054(8) | 10,004,884 | |
| 12,100,000 | 6.00%, 05/01/2054(8) | 11,987,541 | |
| 37,899,186 | |||
| Total U.S. Government Agencies (cost $88,609,328) | $ 84,221,130 | ||
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT SECURITIES - 30.1% | |||
| U.S. Treasury Securities - 30.1% | |||
| U.S. Treasury Bonds - 10.4% | |||
| $ 1,570,000 | 1.25%, 05/15/2050 | $ 740,905 | |
| 1,495,000 | 1.38%, 11/15/2040 | 905,117 | |
| 1,010,000 | 1.38%, 08/15/2050 | 492,257 | |
| 2,455,000 | 1.63%, 11/15/2050 | 1,281,587 | |
| 630,000 | 2.00%, 02/15/2050 | 366,360 | |
| 1,248,000 | 2.38%, 11/15/2049 | 795,112 | |
| 1,105,000 | 2.50%, 02/15/2045 | 757,616 | |
| 1,935,000 | 2.88%, 05/15/2052 | 1,360,396 | |
| 7,170,000 | 3.00%, 02/15/2047 | 5,287,035 | |
| 1,525,000 | 3.00%, 02/15/2048 | 1,116,645 | |
| 6,105,000 | 3.00%, 08/15/2052 | 4,403,947 | |
| 1,080,000 | 3.13%, 05/15/2048 | 808,397 | |
| 1,780,000 | 3.38%, 08/15/2042 | 1,451,048 | |
| 2,010,000 | 3.38%, 11/15/2048 | 1,572,118 | |
| 1,825,000 | 3.63%, 08/15/2043 | 1,529,578 | |
| 1,840,000 | 3.63%, 02/15/2044 | 1,537,622 | |
| 1,464,000 | 3.75%, 11/15/2043 | 1,247,945 | |
| 275,000 | 3.88%, 08/15/2040 | 245,770 | |
| 725,000 | 4.13%, 08/15/2053 | 648,535 | |
| 1,305,000 | 4.50%, 02/15/2044 | 1,237,915 | |
| 27,785,905 | |||
| U.S. Treasury Inflation-Indexed Bonds - 0.8% | |||
| 304,272 | 0.13%, 02/15/2052(9) | 164,832 | |
| 2,081,730 | 0.25%, 02/15/2050(9) | 1,216,900 | |
| 40,485 | 0.63%, 02/15/2043(9) | 29,442 | |
| 494,089 | 0.75%, 02/15/2045(9) | 357,650 | |
| 519,191 | 1.38%, 02/15/2044(9) | 431,943 | |
| 2,200,767 | |||
| U.S. Treasury Notes - 18.9% | |||
| 4,690,000 | 0.63%, 05/15/2030 | 3,689,894 | |
| 6,125,000 | 1.88%, 02/28/2029 | 5,371,577 | |
| 4,565,000 | 2.75%, 08/15/2032 | 3,957,106 | |
| 10,735,000 | 2.88%, 05/15/2028(10)(11) | 9,984,389 | |
| 1,835,000 | 2.88%, 05/15/2032 | 1,611,861 | |
| 4,235,000 | 3.75%, 12/31/2030 | 4,002,571 | |
| 4,215,000 | 4.00%, 02/15/2034 | 3,989,761 | |
| 12,220,000 | 4.25%, 03/15/2027 | 12,009,969 | |
| 5,625,000 | 4.50%, 03/31/2026 | 5,567,432 | |
| 645,000 | 4.50%, 11/15/2033 | 635,325 | |
| 50,819,885 | |||
| Total U.S. Government Securities (cost $93,911,817) | $ 80,806,557 | ||
| Total Long-Term Investments (cost $325,013,405) | $ 299,397,268 | ||
| 11 |
| Shares or Principal Amount | Market Value† | ||
| SHORT-TERM INVESTMENTS - 0.9% | |||
| Repurchase Agreements - 0.9% | |||
| $ 2,568,504 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $2,568,883; collateralized by U.S. Treasury Note at 0.50%, maturing 10/31/2027, with a market value of $2,619,983 | $ 2,568,504 | |
| Total Short-Term Investments (cost $2,568,504) | $ 2,568,504 | ||
| Total Investments (cost $327,581,909) | 112.3% | $ 301,965,772 | |
| Other Assets and Liabilities | (12.3)% | (33,132,072) | |
| Total Net Assets | 100.0% | $ 268,833,700 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| (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 April 30, 2024, the aggregate value of these securities was $64,599,726, representing 24.0% 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 April 30, 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 April 30, 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 April 30, 2024, the aggregate value of these securities was $897,614, representing 0.3% of net assets. |
| (8) | Represents or includes a TBA transaction. |
| (9) | The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount. |
| (10) | All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of April 30, 2024, the market value of securities pledged was $446,438. |
| (11) | All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of April 30, 2024, the market value of securities pledged was $497,592. |
| Futures Contracts Outstanding at April 30, 2024 | ||||||||
| Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
| Long position contracts: | ||||||||
| U.S. Treasury 10-Year Note Future | 64 | 06/18/2024 | $ 6,876,000 | $ (117,029) | ||||
| Short position contracts: | ||||||||
| U.S. Treasury 2-Year Note Future | 17 | 06/28/2024 | $ 3,445,156 | $ 5,492 | ||||
| U.S. Treasury 5-Year Note Future | 73 | 06/28/2024 | 7,646,180 | 146,712 | ||||
| U.S. Treasury 10-Year Ultra Future | 46 | 06/18/2024 | 5,070,062 | 174,286 | ||||
| U.S. Treasury Long Bond Future | 16 | 06/18/2024 | 1,821,000 | 84,226 | ||||
| U.S. Treasury Ultra Bond Future | 12 | 06/18/2024 | 1,434,750 | 93,238 | ||||
| Total | $ 503,954 | |||||||
| Total futures contracts | $ 386,925 | |||||||
| 12 |
| Centrally Cleared Interest Rate Swap Contracts Outstanding at April 30, 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 | $ 3,007 | $ — | $ 245,007 | $ 242,000 | ||||||||
| 2.88% Fixed | 12 Mo. USD SOFR | USD | 380,000 | 03/15/2053 | Annual | 4,293 | — | 75,722 | 71,429 | ||||||||
| 3.25% Fixed | 12 Mo. USD SOFR | USD | 495,000 | 06/21/2053 | Annual | — | (5,236) | 75,054 | 80,290 | ||||||||
| 3.59% Fixed | 12 Mo. USD SOFR | USD | 1,255,000 | 09/20/2053 | Annual | 5,283 | — | 110,002 | 104,719 | ||||||||
| Total centrally cleared interest rate swaps contracts | $ 12,583 | $ (5,236) | $ 505,785 | $ 498,438 | |||||||||||||
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Asset & Commercial Mortgage-Backed Securities | $ 55,612,846 | $ — | $ 55,612,846 | $ — | ||||
| Corporate Bonds | 73,409,458 | — | 73,409,458 | — | ||||
| Foreign Government Obligations | 3,647,960 | — | 3,647,960 | — | ||||
| Municipal Bonds | 1,699,317 | — | 1,699,317 | — | ||||
| U.S. Government Agencies | 84,221,130 | — | 84,221,130 | — | ||||
| U.S. Government Securities | 80,806,557 | — | 80,806,557 | — | ||||
| Short-Term Investments | 2,568,504 | — | 2,568,504 | — | ||||
| Futures Contracts(2) | 503,954 | 503,954 | — | — | ||||
| Swaps - Interest Rate(2) | 498,438 | — | 498,438 | — | ||||
| Total | $ 302,968,164 | $ 503,954 | $ 302,464,210 | $ — | ||||
| Liabilities | ||||||||
| Futures Contracts(2) | $ (117,029) | $ (117,029) | $ — | $ — | ||||
| Total | $ (117,029) | $ (117,029) | $ — | $ — |
| (1) | For the period ended April 30, 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. |
| 13 |
| Shares or Principal Amount | Market Value† | ||
| COMMON STOCKS - 97.7% | |||
| Capital Goods - 2.2% | |||
| 4,261 | Axon Enterprise, Inc.* | $ 1,336,505 | |
| 6,866 | General Electric Co. | 1,111,056 | |
| 2,447,561 | |||
| Commercial & Professional Services - 1.1% | |||
| 22,101 | Copart, Inc.* | 1,200,305 | |
| Consumer Discretionary Distribution & Retail - 9.8% | |||
| 56,438 | Amazon.com, Inc.* | 9,876,650 | |
| 1,116 | O'Reilly Automotive, Inc.* | 1,130,798 | |
| 11,007,448 | |||
| Consumer Durables & Apparel - 0.8% | |||
| 1,086 | Deckers Outdoor Corp.* | 888,858 | |
| Consumer Services - 2.4% | |||
| 38,364 | DraftKings, Inc. Class A* | 1,594,408 | |
| 7,570 | Royal Caribbean Cruises Ltd.* | 1,056,999 | |
| 2,651,407 | |||
| Energy - 0.7% | |||
| 6,682 | Targa Resources Corp. | 762,149 | |
| Financial Services - 3.7% | |||
| 16,546 | Block, Inc.* | 1,207,858 | |
| 10,403 | KKR & Co., Inc. | 968,207 | |
| 19,654 | Tradeweb Markets, Inc. Class A | 1,999,009 | |
| 4,175,074 | |||
| Health Care Equipment & Services - 3.8% | |||
| 3,783 | Align Technology, Inc.* | 1,068,243 | |
| 12,120 | Dexcom, Inc.* | 1,543,967 | |
| 4,493 | Intuitive Surgical, Inc.* | 1,665,196 | |
| 4,277,406 | |||
| Materials - 1.0% | |||
| 4,223 | Vulcan Materials Co. | 1,087,972 | |
| Media & Entertainment - 18.4% | |||
| 42,437 | Alphabet, Inc. Class A* | 6,907,895 | |
| 20,740 | Liberty Media Corp.-Liberty Formula One Class C* | 1,451,178 | |
| 10,426 | Live Nation Entertainment, Inc.* | 926,976 | |
| 9,863 | Meta Platforms, Inc. Class A | 4,242,767 | |
| 6,662 | Netflix, Inc.* | 3,668,364 | |
| 48,899 | Pinterest, Inc. Class A* | 1,635,671 | |
| 6,260 | Spotify Technology SA* | 1,755,554 | |
| 20,588,405 | |||
| Pharmaceuticals, Biotechnology & Life Sciences - 7.0% | |||
| 6,666 | Eli Lilly & Co. | 5,206,813 | |
| 22,852 | Exact Sciences Corp.* | 1,356,266 | |
| 3,082 | Vertex Pharmaceuticals, Inc.* | 1,210,640 | |
| 7,773,719 | |||
| Real Estate Management & Development - 1.3% | |||
| 16,420 | CoStar Group, Inc.* | 1,502,923 | |
| Semiconductors & Semiconductor Equipment - 16.6% | |||
| 10,378 | ARM Holdings PLC ADR* | 1,050,357 | |
| 2,703 | Broadcom, Inc. | 3,514,630 | |
| 14,399 | Marvell Technology, Inc. | 949,038 | |
| 12,611 | Micron Technology, Inc. | 1,424,539 | |
| 13,524 | NVIDIA Corp. | 11,685,006 | |
| 18,623,570 | |||
| Software & Services - 15.7% | |||
| 4,131 | Adobe, Inc.* | 1,911,951 | |
| 1,836 | Crowdstrike Holdings, Inc. Class A* | 537,103 | |
| 8,849 | Datadog, Inc. Class A* | 1,110,550 | |
| Shares or Principal Amount | Market Value† | ||
| COMMON STOCKS - 97.7% - (continued) | |||
| Software & Services - 15.7% - (continued) | |||
| 17,654 | Microsoft Corp. | $ 6,873,232 | |
| 2,768 | MongoDB, Inc.* | 1,010,818 | |
| 6,874 | Salesforce, Inc. | 1,848,694 | |
| 3,059 | ServiceNow, Inc.* | 2,120,896 | |
| 12,620 | Shopify, Inc. Class A* | 885,924 | |
| 7,287 | Snowflake, Inc. Class A* | 1,130,942 | |
| 376 | Workday, Inc. Class A* | 92,019 | |
| 17,522,129 | |||
| Technology Hardware & Equipment - 10.9% | |||
| 65,027 | Apple, Inc. | 11,076,049 | |
| 38,442 | Flex Ltd.* | 1,101,363 | |
| 12,177,412 | |||
| Telecommunication Services - 0.9% | |||
| 6,400 | T-Mobile U.S., Inc. | 1,050,688 | |
| Transportation - 1.4% | |||
| 23,914 | Uber Technologies, Inc.* | 1,584,781 | |
| Total Common Stocks (cost $80,580,456) | $ 109,321,807 | ||
| EXCHANGE-TRADED FUNDS - 1.0% | |||
| Other Investment Pools & Funds - 1.0% | |||
| 3,441 | iShares Russell 1000 Growth ETF | $ 1,110,892 | |
| Total Exchange-Traded Funds (cost $1,118,851) | $ 1,110,892 | ||
| Total Long-Term Investments (cost $81,699,307) | $ 110,432,699 | ||
| SHORT-TERM INVESTMENTS - 0.3% | |||
| Repurchase Agreements - 0.3% | |||
| $ 323,617 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $323,665; collateralized by U.S. Treasury Note at 0.50%, maturing 10/31/2027, with a market value of $330,095 | $ 323,617 | |
| Total Short-Term Investments (cost $323,617) | $ 323,617 | ||
| Total Investments (cost $82,022,924) | 99.0% | $ 110,756,316 | |
| Other Assets and Liabilities | 1.0% | 1,130,314 | |
| Total Net Assets | 100.0% | $ 111,886,630 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| * | Non-income producing. |
| † | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
| 14 |
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Common Stocks | ||||||||
| Capital Goods | $ 2,447,561 | $ 2,447,561 | $ — | $ — | ||||
| Commercial & Professional Services | 1,200,305 | 1,200,305 | — | — | ||||
| Consumer Discretionary Distribution & Retail | 11,007,448 | 11,007,448 | — | — | ||||
| Consumer Durables & Apparel | 888,858 | 888,858 | — | — | ||||
| Consumer Services | 2,651,407 | 2,651,407 | — | — | ||||
| Energy | 762,149 | 762,149 | — | — | ||||
| Financial Services | 4,175,074 | 4,175,074 | — | — | ||||
| Health Care Equipment & Services | 4,277,406 | 4,277,406 | — | — | ||||
| Materials | 1,087,972 | 1,087,972 | — | — | ||||
| Media & Entertainment | 20,588,405 | 20,588,405 | — | — | ||||
| Pharmaceuticals, Biotechnology & Life Sciences | 7,773,719 | 7,773,719 | — | — | ||||
| Real Estate Management & Development | 1,502,923 | 1,502,923 | — | — | ||||
| Semiconductors & Semiconductor Equipment | 18,623,570 | 18,623,570 | — | — | ||||
| Software & Services | 17,522,129 | 17,522,129 | — | — | ||||
| Technology Hardware & Equipment | 12,177,412 | 12,177,412 | — | — | ||||
| Telecommunication Services | 1,050,688 | 1,050,688 | — | — | ||||
| Transportation | 1,584,781 | 1,584,781 | — | — | ||||
| Exchange-Traded Funds | 1,110,892 | 1,110,892 | — | — | ||||
| Short-Term Investments | 323,617 | — | 323,617 | — | ||||
| Total | $ 110,756,316 | $ 110,432,699 | $ 323,617 | $ — |
| (1) | For the period ended April 30, 2024, there were no transfers in and out of Level 3. |
| 15 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% | |||
| Alabama - 4.1% | |||
| Black Belt Energy Gas Dist, AL, Rev | |||
| $ 2,000,000 | 5.25%, 12/01/2027 | $ 2,074,347 | |
| 330,000 | 5.25%, 12/01/2053(1) | 352,420 | |
| 2,855,000 | 5.25%, 05/01/2055(1) | 3,056,344 | |
| 1,475,000 | County of Jefferson Sewer, AL, Rev 5.00%, 10/01/2038 | 1,598,976 | |
| 2,335,000 | Energy Southeast A Cooperative Dist, AL, Rev 5.50%, 11/01/2053(1) | 2,494,296 | |
| 100,000 | Jefferson County Board of Education, AL, Special Tax 5.00%, 02/01/2042 | 103,189 | |
| 2,000,000 | Lower Alabama Gas Dist, AL, Rev 5.00%, 09/01/2028 | 2,054,153 | |
| 2,600,000 | Southeast Alabama Gas Supply Dist, AL, Rev 5.00%, 08/01/2054(1) | 2,745,458 | |
| 415,000 | Southeast Energy Auth A Cooperative Dist, AL, Rev 5.50%, 01/01/2053(1) | 439,365 | |
| 1,590,000 | State of Alabama Docks Department, AL, Rev, (AGM Insured) 5.00%, 10/01/2026 | 1,616,151 | |
| 16,534,699 | |||
| Alaska - 0.3% | |||
| 1,225,000 | Northern Tobacco Securitization Corp., AK, Rev 4.00%, 06/01/2039 | 1,204,521 | |
| Arizona - 2.1% | |||
| 6,000,000 | Arizona Industrial Dev Auth, AZ, Rev 3.70%, 02/01/2048(1) | 6,000,000 | |
| 500,000 | City of Phoenix Civic Improvement Corp., AZ, Rev 5.00%, 07/01/2037 | 521,685 | |
| Maricopa County Industrial Dev Auth, AZ, Rev | |||
| 600,000 | 4.00%, 09/01/2037 | 599,242 | |
| 230,000 | 4.00%, 10/15/2047(2) | 196,828 | |
| 195,000 | 5.00%, 09/01/2031 | 206,194 | |
| 730,000 | 5.00%, 12/01/2038(3) | 789,495 | |
| 8,313,444 | |||
| California - 9.2% | |||
| 795,000 | Bay Area Toll Auth, CA, Rev 4.07%, 04/01/2056, SIFMA Municipal Swap Index + 0.30%(4) | 778,842 | |
| California Community Choice Financing Auth, CA, Rev | |||
| 755,000 | 5.00%, 12/01/2053(1) | 790,668 | |
| 3,375,000 | 5.50%, 05/01/2054(1) | 3,582,657 | |
| 205,000 | California Enterprise Dev Auth, CA, Rev 5.00%, 08/01/2045 | 207,536 | |
| California Municipal Finance Auth, CA, Rev, | |||
| 180,000 | (BAM Insured) 4.00%, 05/15/2034 | 184,263 | |
| 600,000 | (BAM Insured) 4.00%, 05/15/2037 | 603,948 | |
| 2,250,000 | 5.00%, 06/30/2027 | 2,246,265 | |
| 205,000 | California Public Finance Auth, CA, Rev 2.38%, 11/15/2028(2) | 199,348 | |
| 835,000 | California State University, CA, Rev 0.55%, 11/01/2049(1) | 749,385 | |
| 185,000 | Cathedral City Redev Agency Successor Agency, CA, Tax Allocation, (BAM Insured) 4.00%, 08/01/2032 | 189,409 | |
| City of Fontana, CA, Special Tax | |||
| 500,000 | 4.00%, 09/01/2041 | 468,950 | |
| 450,000 | 4.00%, 09/01/2046 | 403,875 | |
| 525,000 | 4.00%, 09/01/2051 | 454,674 | |
| City of Los Angeles Department of Airports, CA, Rev | |||
| 800,000 | 4.00%, 05/15/2036 | 795,242 | |
| 865,000 | 5.00%, 05/15/2037 | 936,654 | |
| 110,000 | Foothill-Eastern Transportation Corridor Agency, CA, Rev 5.00%, 01/15/2030 | 117,863 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| California - 9.2% - (continued) | |||
| $ 150,000 | Fresno Unified School Dist, CA, GO 0.00%, 08/01/2032(5) | $ 109,827 | |
| 5,670,000 | Golden State Tobacco Securitization Corp., CA, Rev 0.00%, 06/01/2066(5) | 573,395 | |
| 15,900,000 | Los Angeles Department of Water & Power, CA, Rev 3.85%, 07/01/2057(1) | 15,900,000 | |
| 605,000 | Los Angeles Unified School Dist, CA, GO 5.00%, 07/01/2033 | 705,511 | |
| 205,000 | Oakland Unified School Dist, CA, GO, (AGM Insured) 4.00%, 08/01/2034 | 209,242 | |
| 595,000 | Regents of the University of California Medical Center Pooled, CA, Rev 5.00%, 05/15/2036 | 677,055 | |
| 100,000 | Romoland School Dist, CA, Special Tax 5.00%, 09/01/2043 | 101,847 | |
| 475,000 | San Diego County Regional Airport Auth, CA, Rev 5.25%, 07/01/2036 | 532,121 | |
| San Francisco City & County Airport, Comm-San Francisco International Airport, CA, Rev | |||
| 345,000 | 4.00%, 05/01/2039 | 337,030 | |
| 265,000 | 5.00%, 05/01/2050 | 269,550 | |
| San Joaquin Hills Transportation Corridor Agency, CA, Rev, | |||
| 80,000 | (NATL Insured) 0.00%, 01/15/2026(5) | 74,947 | |
| 235,000 | (NATL Insured) 0.00%, 01/15/2032(5) | 173,490 | |
| 70,000 | (NATL Insured) 0.00%, 01/15/2035(5) | 45,700 | |
| 1,250,000 | 4.00%, 01/15/2034 | 1,302,735 | |
| State of California, CA, GO | |||
| 1,500,000 | 3.05%, 05/01/2040(1) | 1,500,000 | |
| 1,535,000 | 5.00%, 09/01/2036 | 1,772,810 | |
| 36,994,839 | |||
| Colorado - 2.0% | |||
| 1,970,000 | City & County of Denver Airport System, CO, Rev 5.50%, 11/15/2032 | 2,255,926 | |
| 1,000,000 | Colorado Bridge & Tunnel Enterprise, CO, Rev, (AGM Insured) 5.50%, 12/01/2054 | 1,112,588 | |
| Colorado Health Facs Auth, CO, Rev | |||
| 105,000 | 4.00%, 12/01/2040 | 93,156 | |
| 875,000 | 5.00%, 11/01/2033 | 977,440 | |
| 160,000 | Denver Convention Center Hotel Auth, CO, Rev 5.00%, 12/01/2031 | 163,377 | |
| 365,000 | E-470 Public Highway Auth, CO, Rev 3.91%, 09/01/2039, 1 mo. USD SOFR + 0.35%(4) | 364,429 | |
| 1,030,000 | Park Creek Metropolitan Dist, CO, Rev 5.00%, 12/01/2029 | 1,099,978 | |
| 300,000 | Public Auth for Colorado Energy, CO, Rev 6.50%, 11/15/2038 | 361,964 | |
| Regional Transportation Dist, CO, Rev | |||
| 500,000 | 4.00%, 07/15/2039 | 484,539 | |
| 400,000 | 5.00%, 07/15/2029 | 427,262 | |
| 500,000 | 5.00%, 01/15/2030 | 537,607 | |
| 100,000 | 5.00%, 07/15/2032 | 108,563 | |
| 195,000 | University of Colorado, CO, Rev 2.00%, 06/01/2051(1) | 188,997 | |
| 8,175,826 | |||
| Connecticut - 1.0% | |||
| 100,000 | City of Bridgeport, CT, GO, (BAM Insured) 5.00%, 07/15/2034 | 106,646 | |
| 425,000 | Connecticut Housing Finance Auth, CT, Rev, (GNMA/FNMA/FHLMC Insured) 4.25%, 05/15/2042 | 422,218 | |
| Connecticut State Health & Educational Facs Auth, CT, Rev | |||
| 1,060,000 | 1.10%, 07/01/2049(1) | 1,033,234 | |
| 1,000,000 | 2.95%, 07/01/2049(1) | 981,489 | |
| 16 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Connecticut - 1.0% - (continued) | |||
| $ 470,000 | 5.00%, 07/01/2030 | $ 510,440 | |
| 315,000 | 5.00%, 07/01/2031 | 345,197 | |
| 845,000 | State of Connecticut, CT, GO 3.00%, 06/01/2038 | 733,386 | |
| 4,132,610 | |||
| Delaware - 0.1% | |||
| 200,000 | Delaware River & Bay Auth, DE, Rev 5.00%, 01/01/2037 | 221,511 | |
| District of Columbia - 0.4% | |||
| Dist of Columbia, DC, Rev | |||
| 250,000 | 5.00%, 07/01/2037 | 247,607 | |
| 455,000 | 5.00%, 07/01/2042 | 432,047 | |
| 500,000 | Metropolitan Washington Airports Auth, Aviation, DC, Rev 5.00%, 10/01/2035 | 549,558 | |
| 500,000 | Metropolitan Washington Airports Auth, Dulles Toll Road, DC, Rev 5.00%, 10/01/2033 | 534,427 | |
| 1,763,639 | |||
| Florida - 2.9% | |||
| 500,000 | Alachua County School Board, FL, COP, (AGM Insured) 5.00%, 07/01/2028 | 535,213 | |
| 185,000 | Capital Projects Finance Auth, FL, Rev 5.00%, 10/01/2027 | 187,158 | |
| 125,000 | City of Atlantic Beach, FL, Rev 5.00%, 11/15/2043 | 123,768 | |
| 400,000 | City of Pompano Beach, FL, Rev 2.00%, 01/01/2029 | 356,313 | |
| 270,000 | County of Broward Airport System, FL, Rev 4.00%, 10/01/2044 | 251,644 | |
| 1,500,000 | County of Miami-Dade Aviation, FL, Rev 5.00%, 10/01/2033 | 1,502,914 | |
| County of Miami-Dade Seaport Department, FL, Rev | |||
| 1,085,000 | 5.00%, 10/01/2035 | 1,167,310 | |
| 200,000 | 5.00%, 10/01/2036 | 213,640 | |
| 445,000 | Escambia County Health Facs Auth, FL, Rev 4.00%, 08/15/2045 | 393,088 | |
| 1,000,000 | Greater Orlando Aviation Auth, FL, Rev 5.00%, 10/01/2037 | 1,028,823 | |
| 680,000 | Orange County Convention Center, FL, Rev 5.00%, 10/01/2024 | 683,242 | |
| 950,000 | Orlando Utilities Commission, FL, Rev 1.25%, 10/01/2046(1) | 823,164 | |
| Polk County Industrial Dev Auth, FL, Rev | |||
| 435,000 | 5.00%, 01/01/2029 | 439,609 | |
| 190,000 | 5.00%, 01/01/2055 | 168,318 | |
| 35,000 | Putnam County Dev Auth, FL, Rev 5.00%, 03/15/2042 | 35,934 | |
| 445,000 | St. Johns County Industrial Dev Auth, FL, Rev 4.00%, 12/15/2046 | 331,574 | |
| 2,000,000 | Town of Davie, FL, Rev 5.00%, 04/01/2048 | 2,055,848 | |
| 155,000 | Village Community Dev Dist No. 13, FL, Special Assessment 2.55%, 05/01/2031 | 142,204 | |
| 1,230,000 | Village Community Dev Dist No. 14, FL, Special Assessment 5.13%, 05/01/2037 | 1,285,012 | |
| 11,724,776 | |||
| Georgia - 4.3% | |||
| 1,350,000 | Bartow County Dev Auth, GA, Rev 3.95%, 12/01/2032(1) | 1,352,511 | |
| 100,000 | Dev Auth of Appling County, GA, Rev 1.50%, 01/01/2038(1) | 96,698 | |
| 400,000 | Dev Auth of Burke County, GA, Rev 1.50%, 01/01/2040(1) | 386,794 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Georgia - 4.3% - (continued) | |||
| $ 285,000 | Dev Auth of Monroe County, GA, Rev 3.88%, 10/01/2048(1) | $ 285,406 | |
| Main Street Natural Gas, Inc., GA, Rev | |||
| 2,950,000 | 4.00%, 05/01/2052(1) | 2,947,167 | |
| 1,760,000 | 5.00%, 07/01/2053(1) | 1,847,601 | |
| 475,000 | 5.00%, 09/01/2053(1) | 500,123 | |
| 1,225,000 | 5.00%, 12/01/2053(1) | 1,293,604 | |
| 1,380,000 | 5.00%, 05/01/2054(1) | 1,461,211 | |
| 1,200,000 | 5.50%, 09/15/2025 | 1,210,891 | |
| Municipal Electric Auth of Georgia, GA, Rev, | |||
| 840,000 | (AGM Insured) 4.00%, 01/01/2041 | 819,152 | |
| 1,000,000 | 5.00%, 01/01/2028 | 1,025,901 | |
| 1,000,000 | (AGM Insured) 5.00%, 07/01/2048 | 1,040,549 | |
| 520,000 | 5.00%, 07/01/2052 | 531,062 | |
| 215,000 | 5.00%, 01/01/2056 | 217,948 | |
| 2,300,000 | State of Georgia, GA, GO 5.00%, 08/01/2024 | 2,306,726 | |
| 17,323,344 | |||
| Hawaii - 0.0% | |||
| 100,000 | State of Hawaii Airports System, HI, Rev 5.00%, 07/01/2031 | 104,823 | |
| Idaho - 0.5% | |||
| 820,000 | Idaho Health Facs Auth, ID, Rev 4.00%, 03/01/2046 | 757,816 | |
| 1,095,000 | Idaho Housing & Finance Association, ID, Rev, (GNMA/FNMA/FHLMC/COLL Insured) 5.75%, 01/01/2053 | 1,170,478 | |
| 1,928,294 | |||
| Illinois - 11.1% | |||
| Chicago Board of Education Dedicated Capital Improvement Tax, IL, Rev | |||
| 250,000 | 5.00%, 04/01/2033 | 259,671 | |
| 380,000 | 5.25%, 04/01/2035 | 425,165 | |
| 250,000 | 5.25%, 04/01/2036 | 277,942 | |
| Chicago Board of Education, IL, GO, | |||
| 110,000 | (NATL Insured) 0.00%, 12/01/2026(5) | 98,526 | |
| 380,000 | 4.00%, 12/01/2047 | 326,056 | |
| 250,000 | 5.00%, 12/01/2024 | 251,062 | |
| 500,000 | 5.00%, 12/01/2028 | 519,585 | |
| 1,100,000 | 5.00%, 12/01/2032 | 1,151,430 | |
| 400,000 | 5.00%, 12/01/2046 | 392,028 | |
| 2,500,000 | 5.25%, 12/01/2036 | 2,663,469 | |
| 370,000 | Chicago Midway International Airport, IL, Rev, (BAM Insured) 5.50%, 01/01/2038 | 416,216 | |
| Chicago O'Hare International Airport, IL, Rev | |||
| 650,000 | 4.50%, 01/01/2048 | 637,848 | |
| 255,000 | 5.00%, 01/01/2032 | 278,870 | |
| 200,000 | (BAM Insured) 5.00%, 01/01/2037 | 216,927 | |
| 1,785,000 | (BAM Insured) 5.00%, 01/01/2038 | 1,919,383 | |
| 1,000,000 | Chicago Park Dist, IL, GO 5.00%, 01/01/2038(3) | 1,105,959 | |
| 445,000 | Chicago Transit Auth Capital Grant Receipts, IL, Rev 5.00%, 06/01/2024 | 445,173 | |
| 275,000 | Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 5.00%, 12/01/2045 | 281,693 | |
| City of Chicago Wastewater Transmission, IL, Rev | |||
| 90,000 | 5.00%, 01/01/2027 | 90,181 | |
| 695,000 | (BAM Insured) 5.00%, 01/01/2041 | 759,193 | |
| 90,000 | (NATL Insured) 5.50%, 01/01/2030 | 95,151 | |
| 530,000 | City of Chicago Waterworks, IL, Rev, (AGM Insured) 5.00%, 11/01/2037 | 581,543 | |
| 500,000 | City of Chicago, IL, GO, (NATL Insured) 0.00%, 01/01/2026(5) | 468,598 | |
| 1,385,000 | City of Granite City, IL, Rev 1.25%, 05/01/2027 | 1,256,832 | |
| 900,000 | Cook County Community College Dist No. 508, IL, GO, (BAM Insured) 5.00%, 12/01/2038 | 972,714 | |
| 17 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Illinois - 11.1% - (continued) | |||
| $ 335,000 | County of Cook Sales Tax, IL, Rev 5.00%, 11/15/2030 | $ 368,891 | |
| 265,000 | County of Cook, IL, GO 5.00%, 11/15/2032 | 290,912 | |
| Illinois Finance Auth, IL, Rev | |||
| 640,000 | 4.00%, 07/15/2039 | 637,690 | |
| 235,000 | 5.00%, 08/15/2033 | 258,430 | |
| 150,000 | 5.00%, 11/15/2045 | 150,923 | |
| 305,000 | 5.00%, 05/15/2050(1) | 305,046 | |
| Illinois Housing Dev Auth, IL, Rev, | |||
| 910,000 | (GNMA/FNMA/FHLMC/COLL Insured) 5.50%, 10/01/2053 | 958,312 | |
| 485,000 | (GNMA/FNMA/FHLMC/COLL Insured) 5.75%, 10/01/2053 | 512,968 | |
| 1,635,000 | (GNMA/FNMA/FHLMC Insured) 6.00%, 10/01/2054 | 1,763,121 | |
| Illinois State Toll Highway Auth, IL, Rev | |||
| 320,000 | 4.00%, 01/01/2040 | 320,133 | |
| 460,000 | 5.00%, 01/01/2037 | 528,693 | |
| 625,000 | Kane County School Dist No. 131 Aurora East Side, IL, GO, (AGM Insured) 5.00%, 12/01/2025 | 637,495 | |
| 100,000 | Kane McHenry Cook & De Kalb Counties Unit School Dist No. 300, IL, GO 5.00%, 01/01/2032 | 104,496 | |
| 150,000 | Kendall Kane & Will Counties Community Unit School Dist No. 308, IL, GO, (AGM Insured) 0.00%, 02/01/2027(5) | 134,767 | |
| Metropolitan Pier & Exposition Auth, IL, Rev, | |||
| 205,000 | (NATL Insured) 0.00%, 12/15/2025(5) | 192,464 | |
| 595,000 | 4.00%, 12/15/2042 | 567,714 | |
| Regional Transportation Auth, IL, Rev | |||
| 150,000 | 5.00%, 06/01/2024 | 150,107 | |
| 355,000 | (NATL Insured) 6.00%, 07/01/2024 | 356,028 | |
| Sales Tax Securitization Corp., IL, Rev | |||
| 785,000 | 4.00%, 01/01/2038 | 770,844 | |
| 1,785,000 | 5.00%, 01/01/2026 | 1,827,095 | |
| 500,000 | 5.00%, 01/01/2029 | 528,273 | |
| 550,000 | 5.00%, 01/01/2030 | 601,936 | |
| 1,870,000 | 5.00%, 01/01/2037 | 1,980,452 | |
| St. Clair County Community Unit School Dist No. 187 Cahokia, IL, GO, | |||
| 240,000 | (AGM Insured) 5.00%, 01/01/2029 | 254,445 | |
| 250,000 | (AGM Insured) 5.00%, 01/01/2030 | 268,639 | |
| 250,000 | (AGM Insured) 5.00%, 01/01/2031 | 271,827 | |
| 320,000 | (AGM Insured) 5.00%, 01/01/2032 | 351,550 | |
| State of Illinois Sales Tax, IL, Rev | |||
| 115,000 | 5.00%, 06/15/2027 | 118,055 | |
| 2,250,000 | 5.00%, 06/15/2035 | 2,556,745 | |
| State of Illinois, IL, GO | |||
| 450,000 | 5.00%, 12/01/2024 | 452,535 | |
| 1,010,000 | 5.00%, 11/01/2025 | 1,027,420 | |
| 300,000 | 5.00%, 11/01/2027 | 313,758 | |
| 535,000 | 5.00%, 03/01/2029 | 569,211 | |
| 1,500,000 | 5.00%, 07/01/2032 | 1,654,389 | |
| 465,000 | 5.00%, 12/01/2034 | 483,690 | |
| 4,750,000 | 5.00%, 12/01/2042 | 5,021,297 | |
| 325,000 | 5.00%, 03/01/2046 | 334,342 | |
| 750,000 | 5.25%, 12/01/2030 | 789,588 | |
| 550,000 | 5.50%, 03/01/2042 | 598,688 | |
| 100,000 | Village of Bolingbrook, IL, GO, (AGM Insured) 5.00%, 01/01/2028 | 105,528 | |
| 45,009,712 | |||
| Indiana - 1.5% | |||
| 266,556 | City of Evansville, IN, Rev, (FNMA Insured) 3.00%, 06/01/2034 | 228,562 | |
| 2,550,000 | City of Whiting, IN, Rev 4.40%, 11/01/2045(1) | 2,564,706 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Indiana - 1.5% - (continued) | |||
| $ 195,000 | Crown Point Multi School Building Corp., IN, Rev, (ST INTERCEPT Insured) 5.00%, 01/15/2029 | $ 210,460 | |
| 3,000,000 | Indiana Finance Auth, IN, Rev 5.00%, 10/01/2042 | 3,245,073 | |
| 6,248,801 | |||
| Iowa - 0.4% | |||
| 575,000 | Iowa Finance Auth, IA, Rev 5.00%, 02/15/2027 | 592,912 | |
| 350,000 | Iowa Student Loan Liquidity Corp., IA, Rev 5.00%, 12/01/2025 | 353,297 | |
| 715,000 | Iowa Tobacco Settlement Auth, IA, Rev 4.00%, 06/01/2049 | 703,497 | |
| 1,649,706 | |||
| Kentucky - 0.6% | |||
| Kentucky Public Energy Auth, KY, Rev | |||
| 100,000 | 4.00%, 01/01/2049(1) | 99,962 | |
| 1,250,000 | 5.25%, 04/01/2054(1) | 1,321,088 | |
| 870,000 | Kentucky State Property & Building Commission, KY, Rev 5.00%, 11/01/2038(3) | 974,918 | |
| 2,395,968 | |||
| Louisiana - 0.3% | |||
| 325,000 | East Baton Rouge Sewerage Commission, LA, Rev 1.30%, 02/01/2041(1) | 284,242 | |
| 305,000 | Parish of St John the Baptist, LA, Rev 2.38%, 06/01/2037(1) | 291,406 | |
| 490,000 | State of Louisiana Gasoline & Fuels Tax, LA, Rev 4.22%, 05/01/2043, 1 mo. USD SOFR + 0.50%(4) | 480,898 | |
| 1,056,546 | |||
| Maine - 0.1% | |||
| 275,000 | Maine Health & Higher Educational Facs Auth, ME, Rev, (AGM Insured) 4.00%, 07/01/2035 | 281,161 | |
| Massachusetts - 3.2% | |||
| Massachusetts Dev Finance Agency, MA, Rev | |||
| 1,810,000 | 4.00%, 07/15/2036 | 1,828,955 | |
| 405,000 | 4.37%, 07/01/2049, SIFMA Municipal Swap Index + 0.60%(2)(4) | 403,601 | |
| 130,000 | 5.00%, 07/15/2024(2) | 129,775 | |
| 1,000,000 | 5.00%, 07/01/2025 | 1,013,377 | |
| 680,000 | 5.00%, 07/01/2031 | 692,893 | |
| 675,000 | 5.00%, 07/01/2034 | 700,209 | |
| 350,000 | 5.00%, 07/01/2044 | 343,331 | |
| 100,000 | 5.00%, 07/01/2048 | 101,548 | |
| 380,000 | 5.00%, 10/01/2057(2) | 365,669 | |
| 325,000 | 5.25%, 07/01/2052 | 341,556 | |
| Massachusetts Educational Financing Auth, MA, Rev | |||
| 1,000,000 | 5.00%, 01/01/2025 | 1,006,376 | |
| 100,000 | 5.00%, 07/01/2026 | 101,638 | |
| 110,000 | 5.00%, 07/01/2027 | 113,020 | |
| 5,600,000 | Massachusetts Health & Educational Facs Auth, MA, Rev 3.50%, 07/01/2027(1) | 5,600,000 | |
| 12,741,948 | |||
| Michigan - 1.5% | |||
| Michigan Finance Auth, MI, Rev | |||
| 1,250,000 | 4.00%, 11/15/2046 | 1,135,154 | |
| 750,000 | 5.00%, 11/01/2032 | 797,518 | |
| 600,000 | 5.25%, 02/29/2040 | 651,031 | |
| 100,000 | 5.25%, 02/28/2041 | 107,814 | |
| Michigan State Housing Dev Auth, MI, Rev | |||
| 540,000 | 4.25%, 06/01/2049 | 536,450 | |
| 335,000 | 4.25%, 12/01/2049 | 332,808 | |
| 1,275,000 | 5.75%, 06/01/2054 | 1,349,703 | |
| 18 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Michigan - 1.5% - (continued) | |||
| $ 540,000 | Michigan Strategic Fund, MI, Rev 3.88%, 06/01/2053(1) | $ 536,827 | |
| 275,000 | New Haven Community Schools, MI, GO, (Q-SBLF Insured) 5.00%, 05/01/2032 | 300,455 | |
| 500,000 | Wayne County Airport Auth, MI, Rev 5.00%, 12/01/2025 | 507,484 | |
| 6,255,244 | |||
| Minnesota - 0.6% | |||
| 575,000 | Duluth Independent School Dist No. 709, MN, COP, (SD CRED PROG Insured) 5.00%, 02/01/2025 | 580,493 | |
| 382,773 | Freddie Mac Multifamily ML Certificates, MN, Rev 2.54%, 06/25/2037 | 315,825 | |
| 750,000 | Minnesota Higher Education Facs Auth, MN, Rev 3.00%, 10/01/2038 | 643,437 | |
| Minnesota Housing Finance Agency, MN, Rev, | |||
| 515,000 | (GNMA/FNMA/FHLMC/COLL Insured) 5.05%, 07/01/2031 | 539,030 | |
| 530,000 | (GNMA/FNMA/FHLMC/COLL Insured) 5.05%, 01/01/2032 | 552,577 | |
| 2,631,362 | |||
| Mississippi - 0.3% | |||
| 1,000,000 | State of Mississippi Gaming Tax, MS, Rev 5.00%, 10/15/2029 | 1,052,381 | |
| Missouri - 1.1% | |||
| 400,000 | City of St Louis Airport, MO, Rev 5.00%, 07/01/2031 | 424,466 | |
| Health & Educational Facs Auth of the State of Missouri, MO, Rev | |||
| 850,000 | 4.00%, 01/01/2050(1) | 800,330 | |
| 555,000 | 5.00%, 06/01/2032 | 614,787 | |
| 510,000 | Kansas City Industrial Dev Auth, MO, Rev 5.00%, 03/01/2032 | 537,418 | |
| 1,380,000 | Missouri Housing Dev Commission, MO, Rev, (GNMA/FNMA/FHLMC Insured) 4.25%, 05/01/2047 | 1,370,981 | |
| 650,000 | St. Louis County Industrial Dev Auth, MO, Rev 5.00%, 09/01/2028 | 661,084 | |
| 4,409,066 | |||
| Nebraska - 0.8% | |||
| Central Plains Energy Project, NE, Rev | |||
| 1,500,000 | 4.00%, 12/01/2049(1) | 1,503,332 | |
| 1,365,000 | 5.00%, 05/01/2054(1) | 1,422,973 | |
| 300,000 | County of Washington, NE, Rev 0.90%, 09/01/2030(1) | 288,102 | |
| 3,214,407 | |||
| Nevada - 1.1% | |||
| 260,000 | City of North Las Vegas, NV, Special Assessment 4.50%, 06/01/2039 | 247,418 | |
| 280,000 | City of Reno, NV, Rev, (AGM Insured) 5.00%, 06/01/2033 | 297,971 | |
| 300,000 | Clark County School Dist, NV, GO 5.00%, 06/15/2035 | 319,908 | |
| 2,850,000 | County of Clark Department of Aviation, NV, Rev 5.00%, 07/01/2026 | 2,927,568 | |
| 250,000 | County of Clark Passenger Facility Charge, NV, Rev 5.00%, 07/01/2028 | 268,526 | |
| 200,000 | Las Vegas Convention & Visitors Auth, NV, Rev 5.00%, 07/01/2029 | 200,272 | |
| 4,261,663 | |||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| New Hampshire - 1.1% | |||
| New Hampshire Business Finance Auth, NH, Rev | |||
| $ 1,295,000 | 4.00%, 12/01/2028 | $ 1,285,913 | |
| 80,000 | 4.00%, 01/01/2041 | 66,857 | |
| 650,000 | (BAM Insured) 5.00%, 06/01/2036 | 724,829 | |
| 715,000 | (BAM Insured) 5.00%, 12/01/2036 | 793,160 | |
| 860,000 | (BAM Insured) 5.00%, 12/01/2037 | 945,277 | |
| 665,000 | (BAM Insured) 5.00%, 12/01/2038 | 725,450 | |
| 4,541,486 | |||
| New Jersey - 0.9% | |||
| 830,000 | New Jersey Educational Facs Auth, NJ, Rev, (AGM Insured) 5.00%, 07/01/2043 | 907,381 | |
| 430,000 | New Jersey Higher Education Student Assistance Auth, NJ, Rev 5.00%, 12/01/2025 | 436,415 | |
| 300,000 | New Jersey Transportation Trust Fund Auth, NJ, Rev 5.00%, 06/15/2038 | 330,906 | |
| New Jersey Turnpike Auth, NJ, Rev | |||
| 250,000 | 4.00%, 01/01/2033 | 255,804 | |
| 465,000 | 5.00%, 01/01/2034(3) | 531,353 | |
| Newark Board of Education, NJ, GO, | |||
| 295,000 | (School Board Reserve Fund Insured) 5.00%, 07/15/2024 | 295,468 | |
| 325,000 | (BAM School Board Reserve Fund Insured) 5.00%, 07/15/2027 | 340,155 | |
| Tobacco Settlement Financing Corp., NJ, Rev | |||
| 340,000 | 5.00%, 06/01/2024 | 340,191 | |
| 250,000 | 5.00%, 06/01/2029 | 263,863 | |
| 3,701,536 | |||
| New Mexico - 1.0% | |||
| 2,150,000 | City of Santa Fe, NM, Rev 5.00%, 05/15/2049 | 1,901,027 | |
| New Mexico Mortgage Finance Auth, NM, Rev, | |||
| 45,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 01/01/2049 | 44,504 | |
| 1,855,000 | (GNMA/FNMA/FHLMC Insured) 6.50%, 09/01/2054 | 2,036,680 | |
| 3,982,211 | |||
| New York - 9.1% | |||
| 530,000 | City of New York, NY, GO 5.00%, 04/01/2036 | 562,030 | |
| Long Island Power Auth, NY, Rev | |||
| 500,000 | 0.85%, 09/01/2050(1) | 476,744 | |
| 295,000 | 5.00%, 09/01/2033 | 318,561 | |
| Metropolitan Transportation Auth, NY, Rev | |||
| 2,000,000 | 5.00%, 11/15/2029 | 2,042,024 | |
| 265,000 | 5.00%, 11/15/2032 | 270,290 | |
| 195,000 | 5.00%, 11/15/2033 | 214,026 | |
| 1,000,000 | 5.00%, 11/15/2045(1) | 1,071,466 | |
| 575,000 | 5.00%, 11/15/2048 | 595,547 | |
| New York City Industrial Dev Agency, NY, Rev, | |||
| 670,000 | (AGM Insured) 3.00%, 01/01/2033 | 632,760 | |
| 150,000 | (AGM Insured) 5.00%, 03/01/2030 | 163,536 | |
| New York City Municipal Water Finance Auth, NY, Rev | |||
| 1,200,000 | 3.00%, 06/15/2040 | 1,013,082 | |
| 690,000 | 4.13%, 06/15/2047 | 673,528 | |
| 500,000 | 5.00%, 06/15/2040 | 531,019 | |
| New York City Transitional Finance Auth, Future Tax Secured, NY, Rev | |||
| 185,000 | 4.00%, 11/01/2035 | 191,213 | |
| 580,000 | 4.00%, 11/01/2036 | 595,075 | |
| 2,305,000 | 4.00%, 02/01/2038 | 2,343,337 | |
| 1,000,000 | 4.00%, 11/01/2038 | 1,011,986 | |
| 570,000 | 5.00%, 05/01/2038 | 609,949 | |
| New York City Transitional Finance Auth, NY, Rev | |||
| 200,000 | 5.00%, 05/01/2037 | 228,273 | |
| 19 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| New York - 9.1% - (continued) | |||
| $ 390,000 | 5.00%, 02/01/2038 | $ 444,077 | |
| 1,360,000 | 5.00%, 05/01/2038 | 1,541,179 | |
| New York Liberty Dev Corp., NY, Rev | |||
| 450,000 | 0.95%, 11/15/2027 | 393,799 | |
| 405,000 | 2.75%, 02/15/2044 | 294,646 | |
| 2,175,000 | 5.00%, 11/15/2044(2) | 2,152,818 | |
| New York State Dormitory Auth, NY, Rev | |||
| 1,000,000 | 3.00%, 03/15/2041 | 834,855 | |
| 1,650,000 | 4.00%, 03/15/2038 | 1,674,448 | |
| 675,000 | 4.00%, 03/15/2040 | 675,155 | |
| 2,250,000 | 5.00%, 03/15/2036 | 2,252,500 | |
| 1,900,000 | New York State Housing Finance Agency, NY, Rev 3.75%, 11/15/2037(1) | 1,900,000 | |
| 200,000 | New York State Thruway Auth, NY, Rev 5.00%, 01/01/2038 | 225,698 | |
| New York State Urban Dev Corp., NY, Rev | |||
| 2,000,000 | 4.00%, 03/15/2037 | 2,067,240 | |
| 515,000 | 5.00%, 03/15/2038 | 535,898 | |
| New York Transportation Dev Corp., NY, Rev | |||
| 440,000 | 4.00%, 12/01/2038 | 428,256 | |
| 130,000 | 5.00%, 12/01/2024 | 130,389 | |
| 650,000 | 5.00%, 12/01/2030 | 695,469 | |
| 515,000 | 5.00%, 12/01/2032 | 559,194 | |
| 695,000 | 6.00%, 04/01/2035 | 787,467 | |
| Port Auth of New York & New Jersey, NY, Rev | |||
| 500,000 | 3.00%, 10/01/2027 | 478,369 | |
| 185,000 | 4.00%, 07/15/2040 | 185,754 | |
| 800,000 | 5.00%, 11/15/2035 | 810,107 | |
| 835,000 | 5.00%, 01/15/2037 | 906,291 | |
| 290,000 | 5.00%, 12/01/2037 | 314,239 | |
| 700,000 | 5.00%, 11/01/2038 | 727,249 | |
| 500,000 | 5.00%, 12/01/2038 | 538,377 | |
| 390,000 | Syracuse Industrial Dev Agency, NY, Rev 5.00%, 01/01/2031 | 293,368 | |
| 260,000 | Triborough Bridge & Tunnel Auth, NY, Rev 5.00%, 11/15/2049 | 272,808 | |
| 1,050,000 | Westchester County Local Dev Corp., NY, Rev 3.20%, 07/01/2028(2) | 1,025,040 | |
| 36,689,136 | |||
| North Carolina - 0.7% | |||
| 935,000 | North Carolina Housing Finance Agency, NC, Rev, (GNMA/FNMA/FHLMC Insured) 3.75%, 07/01/2052 | 919,381 | |
| North Carolina Medical Care Commission, NC, Rev | |||
| 255,000 | 4.00%, 01/01/2025 | 253,161 | |
| 1,455,000 | 4.00%, 09/01/2051 | 1,131,079 | |
| 395,000 | 5.00%, 01/01/2038 | 396,930 | |
| 145,000 | 5.00%, 01/01/2039 | 133,502 | |
| 210,000 | 5.00%, 01/01/2044 | 204,599 | |
| 3,038,652 | |||
| Ohio - 2.1% | |||
| American Municipal Power, Inc., OH, Rev | |||
| 1,000,000 | 4.00%, 02/15/2036 | 1,024,365 | |
| 1,000,000 | 4.00%, 02/15/2037 | 1,012,807 | |
| 1,230,000 | Buckeye Tobacco Settlement Financing Auth, OH, Rev 5.00%, 06/01/2055 | 1,113,481 | |
| 100,000 | Cleveland Department of Public Utilities Division of Public Power, OH, Rev, (AGM Insured) 5.00%, 11/15/2030 | 106,906 | |
| 250,000 | County of Allen Hospital Facs, OH, Rev 5.00%, 12/01/2029 | 272,072 | |
| 1,435,000 | Jefferson County Port Auth, OH, Rev 5.00%, 12/01/2053(1)(2) | 1,448,249 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Ohio - 2.1% - (continued) | |||
| $ 845,000 | Ohio Air Quality Dev Auth, OH, Rev 4.00%, 09/01/2030(1) | $ 842,470 | |
| 805,000 | Ohio Higher Educational Facs Commission, OH, Rev 5.00%, 07/01/2035 | 912,341 | |
| 400,000 | Ohio Housing Finance Agency, OH, Rev 3.00%, 03/01/2052 | 385,022 | |
| 360,000 | State of Ohio, OH, Rev 2.75%, 01/01/2052(1) | 347,957 | |
| 890,000 | Summit County Dev Finance Auth, OH, Rev 5.75%, 12/01/2053 | 939,559 | |
| 8,405,229 | |||
| Oklahoma - 0.3% | |||
| 925,000 | Canadian County Educational Facs Auth, OK, Rev 5.00%, 09/01/2033 | 1,027,516 | |
| Oklahoma Dev Finance Auth, OK, Rev | |||
| 30,000 | 5.25%, 08/15/2048 | 30,314 | |
| 30,000 | 5.50%, 08/15/2057 | 30,516 | |
| 1,088,346 | |||
| Oregon - 1.1% | |||
| 30,000 | Benton & Linn Counties Consolidated School Dist No. 509J & 509A Corvallis, OR, GO, (School Board Guaranty Insured) 5.00%, 06/15/2038(6) | 31,626 | |
| 20,000 | Marion County School Dist No. 15 North Marion, OR, GO, (School Board Guaranty Insured) 0.00%, 06/15/2037(5) | 11,025 | |
| 115,000 | Multnomah & Clackamas Counties School Dist No. 10JT Gresham-Barlow, OR, GO, (School Board Guaranty Insured) 0.00%, 06/15/2038(5) | 59,267 | |
| Port of Portland Airport, OR, Rev | |||
| 270,000 | 5.00%, 07/01/2029 | 288,366 | |
| 575,000 | 5.00%, 07/01/2030 | 620,116 | |
| 1,910,000 | 5.00%, 07/01/2038 | 2,063,646 | |
| 1,000,000 | 5.00%, 07/01/2044 | 1,022,615 | |
| Salem Hospital Facs Auth, OR, Rev | |||
| 40,000 | 5.00%, 05/15/2038 | 39,523 | |
| 30,000 | 5.00%, 05/15/2048 | 27,749 | |
| 40,000 | State of Oregon Housing & Community Services Department, OR, Rev 4.50%, 01/01/2049 | 39,845 | |
| 55,000 | State of Oregon, OR, GO 4.00%, 12/01/2048 | 54,474 | |
| 100,000 | Washington Clackamas & Yamhill Counties School Dist No. 88J, OR, GO, (School Board Guaranty Insured) 0.00%, 06/15/2034(5) | 66,662 | |
| 4,324,914 | |||
| Pennsylvania - 3.7% | |||
| 135,000 | Armstrong School Dist, PA, GO, (BAM State Aid Withholding Insured) 4.00%, 03/15/2035 | 137,896 | |
| 735,000 | City of Philadelphia Water & Wastewater, PA, Rev, (AGM Insured) 5.00%, 09/01/2036 | 834,548 | |
| 3,000,000 | Coatesville School Dist, PA, GO, (BAM State Aid Withholding Insured) 5.25%, 11/15/2037 | 3,223,519 | |
| 100,000 | Commonwealth Financing Auth, PA, Rev 5.00%, 06/01/2027 | 103,887 | |
| 265,000 | Delaware Valley Regional Finance Auth, PA, Rev 5.75%, 07/01/2032 | 306,532 | |
| 450,000 | Doylestown Hospital Auth, PA, Rev 5.38%, 07/01/2039(2) | 450,838 | |
| 585,000 | Hospitals & Higher Education Facs Auth of Philadelphia, PA, Rev, (AGM Insured) 5.00%, 07/01/2037 | 624,197 | |
| 20 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Pennsylvania - 3.7% - (continued) | |||
| $ 345,000 | Lancaster Industrial Dev Auth, PA, Rev 4.00%, 07/01/2056 | $ 250,220 | |
| Montgomery County Industrial Dev Auth, PA, Rev | |||
| 230,000 | 5.00%, 12/01/2030 | 233,759 | |
| 240,000 | 5.00%, 12/01/2044 | 241,135 | |
| 100,000 | 5.00%, 12/01/2046 | 99,460 | |
| Pennsylvania Economic Dev Financing Auth, PA, Rev | |||
| 400,000 | 5.00%, 05/15/2036 | 444,084 | |
| 465,000 | (AGM Insured) 5.00%, 01/01/2038 | 497,919 | |
| 100,000 | 5.00%, 05/15/2038 | 108,275 | |
| 290,000 | (AGM Insured) 5.00%, 01/01/2040 | 306,682 | |
| 240,000 | Pennsylvania Higher Education Assistance Agency, PA, Rev 5.00%, 06/01/2029(3) | 252,256 | |
| Pennsylvania Higher Educational Facs Auth, PA, Rev | |||
| 250,000 | 5.00%, 05/01/2025 | 252,320 | |
| 750,000 | 5.00%, 05/01/2037 | 761,830 | |
| 265,000 | Pennsylvania Housing Finance Agency, PA, Rev 4.00%, 10/01/2038 | 262,926 | |
| 150,000 | Pennsylvania Turnpike Commission, PA, Rev 5.00%, 12/01/2030 | 158,305 | |
| Pittsburgh Water & Sewer Auth, PA, Rev, | |||
| 15,000 | (AGM Insured) 5.00%, 09/01/2034 | 16,299 | |
| 1,245,000 | (AGM Insured) 5.00%, 09/01/2036 | 1,412,201 | |
| 1,000,000 | (AGM Insured) 5.00%, 09/01/2037 | 1,127,280 | |
| School Dist of Philadelphia, PA, GO, | |||
| 280,000 | (NATL State Aid Withholding Insured) 5.00%, 06/01/2027 | 293,278 | |
| 610,000 | (State Aid Withholding Insured) 5.00%, 09/01/2032 | 654,576 | |
| 875,000 | (State Aid Withholding Insured) 5.00%, 09/01/2035 | 974,151 | |
| 590,000 | School Dist of the City of Erie, PA, GO, (AGM State Aid Withholding Insured) 5.00%, 04/01/2028 | 620,103 | |
| 375,000 | Wilkes-Barre Area School Dist, PA, GO, (BAM State Aid Withholding Insured) 5.00%, 04/15/2059 | 381,361 | |
| 15,029,837 | |||
| Puerto Rico - 1.6% | |||
| 2,950,000 | Commonwealth of Puerto Rico, PR, GO 5.63%, 07/01/2027 | 3,066,055 | |
| Puerto Rico Sales Tax Financing Corp., PR, Rev | |||
| 109,000 | 0.00%, 07/01/2024(5) | 108,308 | |
| 3,119,000 | 0.00%, 07/01/2029(5) | 2,555,018 | |
| 625,000 | 5.00%, 07/01/2058 | 622,418 | |
| 6,351,799 | |||
| Rhode Island - 0.5% | |||
| Rhode Island Health & Educational Building Corp., RI, Rev | |||
| 115,000 | 5.00%, 06/01/2040 | 125,005 | |
| 465,000 | 5.00%, 06/01/2041 | 501,931 | |
| Rhode Island Student Loan Auth, RI, Rev | |||
| 400,000 | 5.00%, 12/01/2027 | 414,801 | |
| 765,000 | 5.00%, 12/01/2028 | 803,546 | |
| 1,845,283 | |||
| South Carolina - 1.1% | |||
| 785,000 | Patriots Energy Group Financing Agency, SC, Rev 5.25%, 02/01/2054(1) | 837,412 | |
| 580,000 | Piedmont Municipal Power Agency, SC, Rev 5.00%, 01/01/2025 | 583,770 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| South Carolina - 1.1% - (continued) | |||
| $ 410,000 | SCAGO Educational Facs Corp. for Pickens School Dist, SC, Rev 5.00%, 12/01/2029 | $ 414,900 | |
| South Carolina Public Service Auth, SC, Rev | |||
| 500,000 | 4.00%, 12/01/2034 | 505,744 | |
| 625,000 | 4.00%, 12/01/2038 | 615,068 | |
| 175,000 | 5.00%, 12/01/2025 | 178,103 | |
| 1,240,000 | South Carolina State Housing Finance & Dev Auth, SC, Rev 5.75%, 01/01/2054 | 1,323,306 | |
| 4,458,303 | |||
| South Dakota - 0.2% | |||
| South Dakota Housing Dev Auth, SD, Rev | |||
| 465,000 | 4.50%, 11/01/2048 | 463,825 | |
| 290,000 | (GNMA/FNMA/FHLMC/COLL Insured) 6.00%, 05/01/2054 | 305,791 | |
| 769,616 | |||
| Tennessee - 1.2% | |||
| 110,000 | Chattanooga Health Educational & Housing Facs Board, TN, Rev 5.00%, 08/01/2044 | 113,035 | |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Board, TN, Rev | |||
| 1,175,000 | 5.00%, 07/01/2031 | 1,290,684 | |
| 835,000 | 5.00%, 07/01/2033 | 939,394 | |
| 515,000 | 5.00%, 05/01/2035 | 571,149 | |
| 195,000 | 5.00%, 05/01/2038 | 210,674 | |
| 590,000 | Metropolitan Nashville Airport Auth, TN, Rev 5.50%, 07/01/2040 | 650,239 | |
| Tennessee Energy Acquisition Corp., TN, Rev | |||
| 295,000 | 5.00%, 02/01/2025 | 294,585 | |
| 590,000 | 5.00%, 02/01/2027 | 596,328 | |
| 60,000 | Tennessee Housing Dev Agency, TN, Rev 4.00%, 01/01/2049 | 59,364 | |
| 4,725,452 | |||
| Texas - 12.9% | |||
| Arlington Higher Education Finance Corp., TX, Rev, | |||
| 450,000 | (PSF-GTD Insured) 5.00%, 08/15/2037 | 487,138 | |
| 805,000 | (PSF-GTD Insured) 5.00%, 08/15/2040 | 856,198 | |
| 160,000 | Austin-Bergstrom Landhost Enterprises, Inc., TX, Rev 5.00%, 10/01/2029 | 164,058 | |
| 1,060,000 | Boerne Independent School Dist, TX, GO, (PSF-GTD Insured) 3.13%, 02/01/2053(1) | 1,043,269 | |
| 500,000 | Brazos Higher Education Auth, Inc., TX, Rev 5.00%, 04/01/2025 | 502,584 | |
| Central Texas Regional Mobility Auth, TX, Rev | |||
| 1,425,000 | 4.00%, 01/01/2035 | 1,467,661 | |
| 505,000 | 4.00%, 01/01/2036 | 516,844 | |
| 1,490,000 | 5.00%, 01/01/2046 | 1,550,842 | |
| City of Austin Airport System, TX, Rev | |||
| 1,025,000 | 5.00%, 11/15/2032 | 1,124,375 | |
| 500,000 | 5.00%, 11/15/2039 | 531,784 | |
| City of Dallas Hotel Occupancy Tax, TX, Rev | |||
| 1,535,000 | 4.00%, 08/15/2033 | 1,532,491 | |
| 100,000 | 4.00%, 08/15/2034 | 99,284 | |
| 535,000 | City of Dallas, TX, GO 5.00%, 02/15/2028 | 557,491 | |
| City of Houston Hotel Occupancy Tax & Special, TX, Rev, | |||
| 750,000 | (AGM-CR AMBAC Insured) 0.00%, 09/01/2025(5) | 711,692 | |
| 425,000 | 4.00%, 09/01/2026 | 428,190 | |
| 1,135,000 | City of Houston, Combined Utility System, TX, Rev, (AGM Insured) 0.00%, 12/01/2024(5) | 1,109,112 | |
| 21 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Texas - 12.9% - (continued) | |||
| $ 555,000 | City of San Antonio Electric & Gas Systems, TX, Rev 1.75%, 02/01/2049(1) | $ 531,857 | |
| Clear Creek Independent School Dist, TX, GO, | |||
| 425,000 | (PSF-GTD Insured) 0.28%, 02/15/2038(1) | 420,053 | |
| 1,410,000 | (PSF-GTD Insured) 3.60%, 02/15/2035(1) | 1,407,005 | |
| 975,000 | Clifton Higher Education Finance Corp., TX, Rev, (PSF-GTD Insured) 5.00%, 08/15/2036 | 1,087,002 | |
| 1,310,000 | Cypress-Fairbanks Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/15/2037 | 1,485,162 | |
| Dallas Fort Worth International Airport, TX, Rev | |||
| 1,500,000 | 5.00%, 11/01/2031 | 1,630,839 | |
| 1,500,000 | 5.00%, 11/01/2032 | 1,644,924 | |
| 1,000,000 | Eagle Mountain & Saginaw Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 08/15/2033 | 1,134,115 | |
| 1,495,000 | Fort Bend Independent School Dist, TX, GO, (PSF-GTD Insured) 3.65%, 08/01/2052(1) | 1,491,795 | |
| 500,000 | Fort Worth Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/15/2033 | 569,048 | |
| 450,000 | Harris County Industrial Dev Corp., TX, Rev 4.05%, 11/01/2050(1) | 445,559 | |
| 615,000 | Harris County-Houston Sports Auth, TX, Rev 5.00%, 11/15/2033 | 617,078 | |
| 400,000 | Hidalgo County Regional Mobility Auth, TX, Rev 5.00%, 12/01/2030 | 430,657 | |
| 825,000 | Hutto Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 08/01/2036 | 935,142 | |
| 100,000 | Kerrville Health Facs Dev Corp., TX, Rev 5.00%, 08/15/2024 | 100,143 | |
| Lower Colorado River Auth, TX, Rev, | |||
| 1,665,000 | (AGM Insured) 5.00%, 05/15/2035 | 1,863,706 | |
| 675,000 | 5.00%, 05/15/2038 | 727,816 | |
| 500,000 | New Hope Cultural Education Facs Finance Corp., TX, Rev 5.00%, 11/01/2046 | 395,118 | |
| 3,000,000 | North Texas Tollway Auth, TX, Rev 4.13%, 01/01/2040 | 3,025,789 | |
| Northside Independent School Dist, TX, GO, | |||
| 1,250,000 | (PSF-GTD Insured) 2.00%, 06/01/2052(1) | 1,179,564 | |
| 1,000,000 | (PSF-GTD Insured) 5.00%, 08/01/2036 | 1,129,987 | |
| 1,020,000 | (PSF-GTD Insured) 5.00%, 08/01/2038 | 1,139,556 | |
| 2,000,000 | San Antonio Water System, TX, Rev 1.00%, 05/01/2043(1) | 1,807,002 | |
| 500,000 | Southwest Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/01/2036 | 562,062 | |
| 7,000,000 | State of Texas, TX, GO 3.75%, 12/01/2050(1) | 7,000,000 | |
| Texas Department of Housing & Community Affairs, TX, Rev, | |||
| 1,250,000 | (GNMA Insured) 2.25%, 07/01/2041 | 891,747 | |
| 1,430,000 | (GNMA Insured) 3.63%, 09/01/2044 | 1,265,965 | |
| 1,610,000 | Texas Municipal Gas Acquisition & Supply Corp. I, TX, Rev 6.25%, 12/15/2026 | 1,660,574 | |
| 500,000 | Texas Public Finance Auth, TX, Rev 4.00%, 02/01/2034 | 513,929 | |
| 200,000 | Texas Transportation Commission State Highway 249 System, TX, Rev 0.00%, 08/01/2038(5) | 104,171 | |
| 2,000,000 | Texas Transportation Commission State Highway Fund, TX, Rev 0.43%, 04/01/2025 | 1,928,531 | |
| Uptown Dev Auth, TX, Tax Allocation | |||
| 220,000 | 4.00%, 09/01/2032 | 215,182 | |
| 250,000 | 4.00%, 09/01/2035 | 237,172 | |
| 52,261,263 | |||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Utah - 0.9% | |||
| $ 590,000 | County of Salt Lake, UT, Rev, (AMBAC Insured) 5.13%, 02/15/2033 | $ 594,419 | |
| 1,500,000 | County of Utah, UT, Rev 5.00%, 05/15/2045 | 1,500,529 | |
| 1,250,000 | Utah Transit Auth, UT, Rev, (AGM Insured) 5.25%, 06/15/2029 | 1,360,685 | |
| 3,455,633 | |||
| Virginia - 2.2% | |||
| 1,325,000 | Arlington County Industrial Dev Auth, VA, Rev 5.00%, 07/01/2053(1) | 1,426,125 | |
| 945,000 | Halifax County Industrial Dev Auth, VA, Rev 1.65%, 12/01/2041(1) | 942,275 | |
| 750,000 | Henrico County Economic Dev Auth, VA, Rev 5.00%, 10/01/2047 | 772,614 | |
| 255,000 | James City County Economic Dev Auth, VA, Rev 5.25%, 12/01/2027 | 256,511 | |
| Virginia Beach Dev Auth, VA, Rev | |||
| 620,000 | 5.38%, 09/01/2029 | 641,549 | |
| 630,000 | 7.00%, 09/01/2059 | 695,075 | |
| 850,000 | Virginia Commonwealth Transportation Board, VA, Rev 4.00%, 05/15/2030 | 849,783 | |
| Virginia Small Business Financing Auth, VA, Rev | |||
| 1,000,000 | 4.00%, 01/01/2033 | 1,010,078 | |
| 1,100,000 | 4.00%, 07/01/2034 | 1,110,153 | |
| 835,000 | 5.00%, 07/01/2035 | 888,023 | |
| 350,000 | 5.00%, 12/31/2047 | 354,301 | |
| 8,946,487 | |||
| Washington - 1.4% | |||
| 500,000 | King County School Dist No. 210 Federal Way, WA, GO, (School Board Guaranty Insured) 4.00%, 12/01/2036 | 505,172 | |
| State of Washington, WA, GO | |||
| 1,105,000 | 4.00%, 07/01/2035 | 1,157,304 | |
| 460,000 | 5.00%, 08/01/2044 | 488,634 | |
| Washington Health Care Facs Auth, WA, Rev | |||
| 1,500,000 | 4.00%, 08/01/2044 | 1,407,818 | |
| 1,725,000 | 5.00%, 10/01/2042 | 1,725,154 | |
| 500,000 | Washington State Housing Finance Commission, WA, Rev 5.00%, 01/01/2031(2) | 473,876 | |
| 5,757,958 | |||
| West Virginia - 0.5% | |||
| 1,870,000 | West Virginia Economic Dev Auth, WV, Rev 3.75%, 12/01/2042(1) | 1,864,735 | |
| Wisconsin - 3.1% | |||
| Public Finance Auth, WI, Rev | |||
| 505,000 | 4.00%, 10/01/2041 | 469,523 | |
| 835,000 | 4.00%, 10/01/2046(1) | 830,737 | |
| 170,000 | (AGM Insured) 4.00%, 07/01/2050 | 149,851 | |
| 50,000 | 5.00%, 09/01/2025(2) | 49,914 | |
| 1,000,000 | (AGM Insured) 5.00%, 07/01/2036 | 1,043,753 | |
| 485,000 | 5.00%, 07/01/2038 | 486,696 | |
| 750,000 | 5.00%, 10/01/2043(2) | 697,108 | |
| 465,000 | 5.00%, 10/01/2044 | 479,029 | |
| 1,255,000 | 5.00%, 02/01/2052 | 1,224,997 | |
| 105,000 | 5.25%, 07/01/2038(2) | 110,646 | |
| 2,250,000 | 5.50%, 07/01/2043(2) | 2,365,127 | |
| University of Wisconsin Hospitals & Clinics, WI, Rev | |||
| 310,000 | 4.00%, 04/01/2035 | 317,832 | |
| 220,000 | 4.00%, 04/01/2039 | 218,012 | |
| 120,000 | Wisconsin Center Dist, WI, Rev, (AGM Insured) 0.00%, 12/15/2029(5) | 97,042 | |
| Wisconsin Health & Educational Facs Auth, WI, Rev | |||
| 595,000 | 4.00%, 08/15/2046 | 465,693 | |
| 22 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 95.1% - (continued) | |||
| Wisconsin - 3.1% - (continued) | |||
| $ 500,000 | 4.00%, 01/01/2057 | $ 288,079 | |
| 840,000 | 5.00%, 11/01/2039 | 758,363 | |
| 680,000 | 5.75%, 08/15/2059 | 683,077 | |
| 1,610,000 | Wisconsin Housing & Economic Dev Auth Home Ownership, WI, Rev, (GNMA/FNMA/FHLMC Insured) 6.00%, 09/01/2054 | 1,735,553 | |
| 200,000 | Wisconsin Housing & Economic Dev Auth Housing, WI, Rev, (HUD SECT 8) 0.50%, 11/01/2050(1) | 194,761 | |
| 12,665,793 | |||
| Total Municipal Bonds (cost $391,320,025) | $ 383,533,960 | ||
| U.S. GOVERNMENT AGENCIES - 0.2% | |||
| Mortgage-Backed Agencies - 0.2% | |||
| Federal Home Loan Mortgage Corp. - 0.2% | |||
| 1,145,000 | 3.15%, 10/15/2036 | $ 929,701 | |
| Total U.S. Government Agencies (cost $1,165,137) | $ 929,701 | ||
| Total Long-Term Investments (cost $392,485,162) | $ 384,463,661 | ||
| SHORT-TERM INVESTMENTS - 0.8% | |||
| Repurchase Agreements - 0.8% | |||
| 3,397,927 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $3,398,428; collateralized by U.S. Treasury Note at 0.50%, maturing 10/31/2027, with a market value of $3,465,963 | $ 3,397,927 | |
| Total Short-Term Investments (cost $3,397,927) | $ 3,397,927 | ||
| Total Investments (cost $395,883,089) | 96.1% | $ 387,861,588 | |
| Other Assets and Liabilities | 3.9% | 15,691,118 | |
| Total Net Assets | 100.0% | $ 403,552,706 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| (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 April 30, 2024, the aggregate value of these securities was $10,068,837, representing 2.5% of net assets. |
| (3) | 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 $3,683,742 at April 30, 2024. |
| (4) | Variable rate securities; the rate reported is the coupon rate in effect at April 30, 2024. Base lending rates may be subject to a floor or cap. |
| (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. |
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Municipal Bonds | $ 383,533,960 | $ — | $ 383,533,960 | $ — | ||||
| U.S. Government Agencies | 929,701 | — | 929,701 | — | ||||
| Short-Term Investments | 3,397,927 | — | 3,397,927 | — | ||||
| Total | $ 387,861,588 | $ — | $ 387,861,588 | $ — |
| (1) | For the period ended April 30, 2024, there were no transfers in and out of Level 3. |
| 23 |
| Shares or Principal Amount | Market Value† | ||
| COMMON STOCKS - 7.9% | |||
| Materials - 7.9% | |||
| 878 | Aclara Resources, Inc.* | $ 371 | |
| 1,090 | Agnico Eagle Mines Ltd. | 69,051 | |
| 1,000 | Alamos Gold, Inc. Class A | 14,710 | |
| 1,550 | Anglogold Ashanti PLC | 35,634 | |
| 1,700 | Aya Gold & Silver, Inc.* | 16,383 | |
| 440 | Barrick Gold Corp. | 7,322 | |
| 18,600 | Centamin PLC | 28,227 | |
| 3,340 | Centerra Gold, Inc. | 20,373 | |
| 6,280 | Coeur Mining, Inc.* | 28,386 | |
| 3,600 | Eldorado Gold Corp.* | 51,336 | |
| 2,172 | Endeavour Mining PLC | 45,484 | |
| 1,700 | Gold Fields Ltd. ADR | 27,489 | |
| 11,829 | Hochschild Mining PLC* | 23,077 | |
| 22,480 | Kinross Gold Corp. | 144,996 | |
| 3,641 | Newmont Corp. | 147,970 | |
| 4,092 | Northern Star Resources Ltd. | 39,698 | |
| 20,000 | OceanaGold Corp. | 43,382 | |
| 4,740 | Pan American Silver Corp. | 87,406 | |
| 14,210 | Perseus Mining Ltd. | 21,315 | |
| 58,150 | St Barbara Ltd.* | 10,006 | |
| Total Common Stocks (cost $796,625) | $ 862,616 | ||
| SHORT-TERM INVESTMENTS - 80.3% | |||
| U.S. Treasury Securities - 80.3% | |||
| U.S. Treasury Bills - 80.3% | |||
| $ 890,000 | 2.63%, 05/02/2024(1) | $ 889,872 | |
| 1,340,000 | 4.97%, 05/16/2024(1) | 1,337,085 | |
| 1,040,000 | 5.10%, 05/23/2024(1) | 1,036,668 | |
| 580,000 | 5.20%, 06/06/2024(1) | 576,960 | |
| 620,000 | 5.22%, 06/20/2024(1) | 615,508 | |
| 430,000 | 5.23%, 06/27/2024(1) | 426,453 | |
| 330,000 | 5.24%, 06/27/2024(1) | 327,273 | |
| 1,280,000 | 5.26%, 07/05/2024(1) | 1,267,832 | |
| 770,000 | 5.28%, 07/16/2024(1) | 761,474 | |
| 770,000 | 5.29%, 07/11/2024(1) | 762,012 | |
| 840,000 | 5.31%, 07/23/2024(1) | 829,820 | |
| Total Short-Term Investments (cost $8,831,171) | $ 8,830,957 | ||
| Total Investments (cost $9,627,796) | 88.2% | $ 9,693,573 | |
| Other Assets and Liabilities | 11.8% | 1,299,659 | |
| Total Net Assets | 100.0% | $ 10,993,232 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. | |
| The Consolidated Schedule of Investments includes investments held by Hartford Schroders Cayman Commodity Strategy Fund, Ltd. (the “Subsidiary”), a wholly owned subsidiary of the Fund, which primarily invests in commodity-related instruments. The Fund may invest up to 25% of its total assets in the Subsidiary. As of April 30, 2024, the Fund invested 10.4% of its total assets in the Subsidiary. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| * | Non-income producing. |
| (1) | The rate shown represents current yield to maturity. |
| Futures Contracts Outstanding at April 30, 2024 | ||||||||
| Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
| Long position contracts: | ||||||||
| Brent Crude Oil Future | 13 | 05/31/2024 | $ 1,122,290 | $ 33,282 | ||||
| Coffee 'C' Future | 5 | 07/19/2024 | 406,219 | 7,400 | ||||
| Copper Future | 8 | 07/29/2024 | 912,900 | 37,366 | ||||
| Corn Future | 20 | 07/12/2024 | 446,750 | 29 | ||||
| Cotton No. 2 Future | 4 | 07/09/2024 | 156,860 | (18,714) | ||||
| Gas Oil Future | 4 | 07/11/2024 | 311,200 | (19,589) | ||||
| Gasoline RBOB Future | 2 | 06/28/2024 | 222,944 | (4,491) | ||||
| Gold 100oz Future | 4 | 06/26/2024 | 921,160 | 40,297 | ||||
| KC Hard Red Winter Wheat Future | 6 | 07/12/2024 | 190,575 | 17,230 | ||||
| Lean Hogs Future | 6 | 06/14/2024 | 245,940 | 1,587 | ||||
| LME Lead Future | 2 | 05/13/2024 | 109,471 | 7,995 | ||||
| 24 |
| Futures Contracts Outstanding at April 30, 2024 – (continued) | ||||||||
| Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
| Long position contracts – (continued): | ||||||||
| LME Lead Future | 2 | 07/15/2024 | $ 110,913 | $ 2,704 | ||||
| LME Nickel Future | 2 | 05/13/2024 | 229,224 | 36,777 | ||||
| LME Nickel Future | 2 | 07/15/2024 | 230,772 | 17,682 | ||||
| LME Primary Aluminum Future | 11 | 05/13/2024 | 705,565 | 89,412 | ||||
| LME Primary Aluminum Future | 9 | 07/15/2024 | 582,604 | 30,080 | ||||
| LME Primary Aluminum Future | 15 | 12/16/2024 | 988,875 | (22,517) | ||||
| LME Zinc Future | 6 | 05/13/2024 | 438,723 | 79,064 | ||||
| LME Zinc Future | 4 | 07/15/2024 | 292,745 | 23,688 | ||||
| Micro Gold Future | 16 | 06/26/2024 | 368,464 | 6,679 | ||||
| Micro Silver Future | 6 | 07/29/2024 | 159,924 | (11,202) | ||||
| Micro WTI Crude Oil Future | 54 | 06/18/2024 | 438,912 | (16,476) | ||||
| Natural Gas Future | 21 | 06/26/2024 | 486,990 | (4,243) | ||||
| NY Harbor ULSD Future | 2 | 06/28/2024 | 213,242 | (14,324) | ||||
| Silver Future | 2 | 07/29/2024 | 266,540 | (15,550) | ||||
| Soybean Future | 6 | 07/12/2024 | 348,900 | (2,255) | ||||
| Soybean Meal Future | 9 | 07/12/2024 | 316,710 | 13,561 | ||||
| Soybean Oil Future | 12 | 07/12/2024 | 309,672 | (36,617) | ||||
| Wheat Future | 14 | 07/12/2024 | 422,275 | 18,679 | ||||
| World Sugar No. 11 Future | 5 | 06/28/2024 | 108,696 | (2,487) | ||||
| WTI Crude Future | 6 | 06/20/2024 | 487,680 | (18,888) | ||||
| Total | $ 276,159 | |||||||
| Short position contracts: | ||||||||
| LME Lead Future | 2 | 05/13/2024 | $ 109,471 | $ (2,393) | ||||
| LME Nickel Future | 2 | 05/13/2024 | 229,224 | (14,794) | ||||
| LME Primary Aluminum Future | 11 | 05/13/2024 | 705,565 | (50,713) | ||||
| LME Primary Aluminum Future | 2 | 07/15/2024 | 129,467 | (2,225) | ||||
| LME Primary Aluminum Future | 15 | 12/16/2024 | 988,875 | (55,930) | ||||
| LME Zinc Future | 6 | 05/13/2024 | 438,723 | (57,695) | ||||
| Total | $ (183,750) | |||||||
| Total futures contracts | $ 92,409 | |||||||
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Common Stocks | ||||||||
| Materials | $ 862,616 | $ 862,616 | $ — | $ — | ||||
| Short-Term Investments | 8,830,957 | — | 8,830,957 | — | ||||
| Futures Contracts(2) | 463,512 | 463,512 | — | — | ||||
| Total | $ 10,157,085 | $ 1,326,128 | $ 8,830,957 | $ — | ||||
| Liabilities | ||||||||
| Futures Contracts(2) | $ (371,103) | $ (371,103) | $ — | $ — | ||||
| Total | $ (371,103) | $ (371,103) | $ — | $ — |
| (1) | For the period ended April 30, 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. |
| 25 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 5.5% | |||
| Aerospace/Defense - 0.4% | |||
| $ 1,301,000 | Boeing Co. 6.53%, 05/01/2034(1) | $ 1,309,008 | |
| Agriculture - 0.3% | |||
| 912,000 | BAT Capital Corp. 5.83%, 02/20/2031 | 911,627 | |
| Commercial Banks - 2.8% | |||
| AIB Group PLC | |||
| 1,143,000 | 5.87%, 03/28/2035, (5.87% fixed rate until 03/28/2034; 6 mo. USD SOFR + 1.91% thereafter)(1)(2) | 1,106,057 | |
| 600,000 | 6.61%, 09/13/2029, (6.61% fixed rate until 09/13/2028; 6 mo. USD SOFR + 2.33% thereafter)(1)(2) | 611,645 | |
| 800,000 | Banco Santander SA 1.72%, 09/14/2027, (1.72% fixed rate until 09/14/2026; 1 yr. USD CMT + 0.90% thereafter)(2) | 723,958 | |
| 1,280,000 | Barclays PLC 5.69%, 03/12/2030, (5.69% fixed rate until 03/12/2029; 6 mo. USD SOFR + 1.74% thereafter)(2) | 1,263,307 | |
| 822,000 | Danske Bank AS 5.71%, 03/01/2030, (5.71% fixed rate until 03/01/2029; 1 yr. USD CMT + 1.40% thereafter)(1)(2) | 812,186 | |
| 821,000 | Lloyds Banking Group PLC 5.99%, 08/07/2027, (5.99% fixed rate until 08/07/2026; 1 yr. USD CMT + 1.48% thereafter)(2) | 822,100 | |
| 1,827,000 | NatWest Group PLC 6.48%, 06/01/2034, (6.48% fixed rate until 03/01/2029; 5 yr. USD CMT + 2.20% thereafter)(2) | 1,834,219 | |
| 1,027,000 | UniCredit SpA 1.98%, 06/03/2027, (1.98% fixed rate until 06/03/2026; 1 yr. USD CMT + 1.20% thereafter)(1)(2) | 946,459 | |
| 8,119,931 | |||
| Diversified Financial Services - 0.8% | |||
| 1,425,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust 2.45%, 10/29/2026 | 1,316,294 | |
| 717,000 | Aircastle Ltd. 5.95%, 02/15/2029(1) | 707,612 | |
| 185,000 | MMH Master LLC 6.38%, 02/01/2034(1) | 182,604 | |
| 2,206,510 | |||
| Mining - 0.3% | |||
| 885,000 | Glencore Funding LLC 5.37%, 04/04/2029(1) | 868,821 | |
| Oil & Gas - 0.4% | |||
| 1,090,000 | Marathon Oil Corp. 5.30%, 04/01/2029 | 1,068,701 | |
| Real Estate Investment Trusts - 0.4% | |||
| 632,000 | Highwoods Realty LP 7.65%, 02/01/2034 | 664,494 | |
| 516,000 | Prologis Targeted U.S. Logistics Fund LP 5.25%, 04/01/2029(1) | 506,275 | |
| 1,170,769 | |||
| Semiconductors - 0.1% | |||
| 273,000 | Qorvo, Inc. 1.75%, 12/15/2024 | 265,717 | |
| Total Corporate Bonds (cost $16,188,647) | $ 15,921,084 | ||
| MUNICIPAL BONDS - 78.1% | |||
| Alabama - 2.3% | |||
| Black Belt Energy Gas Dist, AL, Rev | |||
| 920,000 | 4.00%, 10/01/2049(3) | $ 919,932 | |
| 2,680,000 | 4.00%, 06/01/2051(3) | 2,639,881 | |
| 685,000 | 5.25%, 12/01/2053(3) | 731,538 | |
| 680,000 | County of Jefferson Sewer, AL, Rev 5.50%, 10/01/2053 | 726,711 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Alabama - 2.3% - (continued) | |||
| $ 635,000 | Energy Southeast A Cooperative Dist, AL, Rev 5.25%, 07/01/2054(3) | $ 671,567 | |
| 715,000 | Town of Pike Road, AL, GO 5.00%, 03/01/2052 | 754,502 | |
| 6,444,131 | |||
| Arkansas - 1.2% | |||
| 3,320,000 | Arkansas Dev Finance Auth, AR, Rev, (GNMA/FNMA/FHLMC Insured) 5.00%, 07/01/2054(4) | 3,417,777 | |
| California - 4.8% | |||
| 205,000 | Alameda Corridor Transportation Auth, CA, Rev, (AGM Insured) 5.00%, 10/01/2052 | 217,847 | |
| 210,000 | California Community Choice Financing Auth, CA, Rev 5.00%, 02/01/2054(3) | 221,143 | |
| 795,000 | California Municipal Finance Auth, CA, Rev, (HUD SECT 8) 3.20%, 09/01/2045(3) | 779,904 | |
| 240,000 | Central Unified School Dist, CA, GO 4.00%, 08/01/2050 | 232,892 | |
| 565,000 | Fresno Unified School Dist, CA, GO 4.00%, 08/01/2052 | 552,095 | |
| 1,585,000 | Golden State Tobacco Securitization Corp., CA, Rev, (ST APPROP Insured) 3.00%, 06/01/2046 | 1,448,723 | |
| 2,310,000 | Moreno Valley Unified School Dist, CA, GO, (AGM Insured) 4.13%, 08/01/2050 | 2,287,308 | |
| 765,000 | Oxnard School Dist, CA, GO, (BAM Insured) 4.25%, 08/01/2053 | 760,101 | |
| 450,000 | Pittsburg Unified School Dist, CA, GO, (AGM Insured) 4.25%, 08/01/2049 | 452,147 | |
| 1,205,000 | Regents of the University of California Medical Center Pooled, CA, Rev 4.00%, 05/15/2053 | 1,181,969 | |
| 120,000 | San Diego County Regional Airport Auth, CA, Rev 5.00%, 07/01/2053 | 128,721 | |
| 1,260,000 | San Diego Housing Auth, Inc., CA, Rev 5.00%, 05/01/2057(3) | 1,289,678 | |
| 60,000 | San Diego Unified School Dist, CA, GO 4.55%, 07/01/2052 | 61,746 | |
| 935,000 | San Francisco Bay Area Rapid Transit Dist, CA, GO 4.25%, 08/01/2052 | 938,163 | |
| 1,215,000 | San Mateo Foster City School Dist, CA, GO 4.00%, 08/01/2051 | 1,207,444 | |
| 970,000 | Sweetwater Union High School Dist, CA, GO 5.00%, 08/01/2052 | 1,033,419 | |
| 865,000 | Victor Valley Community College Dist, CA, GO 4.00%, 08/01/2050 | 840,727 | |
| Washington Township Health Care Dist, CA, GO, | |||
| 70,000 | (AGM Insured) 4.50%, 08/01/2053 | 70,908 | |
| 125,000 | 5.50%, 08/01/2053 | 137,867 | |
| 13,842,802 | |||
| Colorado - 0.9% | |||
| 715,000 | Adams County Housing Auth, CO, Rev 4.50%, 05/01/2042(3) | 715,247 | |
| 575,000 | City & County of Denver Airport System, CO, Rev 5.25%, 11/15/2053 | 620,818 | |
| 535,000 | City of Colorado Springs Utilities System, CO, Rev 4.00%, 11/15/2051 | 505,585 | |
| Colorado Housing & Finance Auth, CO, Rev | |||
| 485,000 | 3.50%, 11/01/2043(3) | 480,360 | |
| 365,000 | (GNMA/FNMA/FHLMC Insured) 3.50%, 05/01/2050 | 356,992 | |
| 2,679,002 | |||
| 26 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Connecticut - 0.0% | |||
| $ 120,000 | Connecticut Housing Finance Auth, CT, Rev, (GNMA/FNMA/FHLMC Insured) 4.25%, 05/15/2042 | $ 119,215 | |
| District of Columbia - 1.2% | |||
| 180,000 | Dist of Columbia Housing Finance Agency, DC, Rev 3.75%, 04/01/2025(3) | 179,850 | |
| 700,000 | Dist of Columbia Income Tax, DC, Rev 5.25%, 05/01/2048 | 767,209 | |
| 2,090,000 | Dist of Columbia Water & Sewer Auth, DC, Rev 4.00%, 10/01/2047 | 2,043,516 | |
| 340,000 | Metropolitan Washington Airports Auth, Dulles Toll Road, DC, Rev 5.00%, 10/01/2034 | 362,251 | |
| 3,352,826 | |||
| Florida - 1.6% | |||
| 50,000 | Broward County Housing Finance Auth, FL, Rev, (HUD SECT 8) 3.40%, 03/01/2057(3) | 49,208 | |
| 280,000 | City of Cape Coral Water & Sewer, FL, Rev, (BAM Insured) 5.25%, 10/01/2053 | 304,663 | |
| 2,745,000 | County of Broward Convention Center Hotel, FL, Rev 4.00%, 01/01/2051 | 2,633,352 | |
| 410,000 | Florida Dev Finance Corp., FL, Rev 5.25%, 08/01/2055 | 423,598 | |
| Florida Housing Finance Corp., FL, Rev, | |||
| 60,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 07/01/2051 | 57,997 | |
| 280,000 | (GNMA Insured) 3.35%, 10/01/2027(3) | 275,198 | |
| 365,000 | (GNMA/FNMA/FHLMC Insured) 3.50%, 07/01/2051 | 356,901 | |
| 155,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 07/01/2049 | 153,327 | |
| 290,000 | St. Johns County Housing Finance Auth, FL, Rev 3.55%, 07/01/2027(3) | 286,075 | |
| 4,540,319 | |||
| Georgia - 3.3% | |||
| Main Street Natural Gas, Inc., GA, Rev | |||
| 1,565,000 | 4.00%, 03/01/2050(3) | 1,565,920 | |
| 485,000 | 4.00%, 05/01/2052(3) | 484,534 | |
| 1,525,000 | 5.00%, 12/01/2053(3) | 1,610,405 | |
| 615,000 | 5.00%, 05/01/2054(3) | 651,192 | |
| 4,960,000 | Valdosta & Lowndes County Hospital Auth, GA, Rev, (CNTY GTD insured) 5.00%, 10/01/2054 | 5,260,605 | |
| 9,572,656 | |||
| Hawaii - 0.0% | |||
| 95,000 | City & County Honolulu Wastewater System, HI, Rev 5.25%, 07/01/2053 | 102,869 | |
| Illinois - 1.9% | |||
| Illinois Housing Dev Auth, IL, Rev, | |||
| 410,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 10/01/2051 | 393,151 | |
| 720,000 | (GNMA/FNMA/FHLMC Insured) 3.75%, 04/01/2050 | 708,427 | |
| 720,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 10/01/2049 | 713,070 | |
| 65,000 | (FHLMC/FNMA/GNMA Insured) 4.50%, 10/01/2048 | 64,897 | |
| 2,000,000 | (HUD SECT 8 FHA 221(D)(4)) 5.00%, 02/01/2027(3) | 2,023,814 | |
| 1,455,000 | (HUD SECT 8) 5.00%, 02/01/2027(3) | 1,472,325 | |
| 5,375,684 | |||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Indiana - 0.6% | |||
| Indiana Housing & Community Dev Auth, IN, Rev, | |||
| $ 845,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 07/01/2050 | $ 814,358 | |
| 65,000 | (GNMA Insured) 4.00%, 07/01/2048 | 64,231 | |
| 705,000 | Indianapolis Local Public Improvement Bond Bank, IN, Rev 5.00%, 01/01/2053 | 741,478 | |
| 1,620,067 | |||
| Iowa - 1.3% | |||
| Iowa Finance Auth, IA, Rev, | |||
| 945,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 01/01/2047 | 909,453 | |
| 1,700,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 07/01/2051 | 1,625,194 | |
| 70,000 | (GNMA/FNMA/FHLMC Insured) 3.25%, 07/01/2050 | 67,981 | |
| 35,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 07/01/2048 | 34,592 | |
| 1,040,000 | (GNMA/FNMA/FHLMC/COLL Insured) 4.00%, 07/01/2052 | 1,024,566 | |
| 3,661,786 | |||
| Kentucky - 0.7% | |||
| 2,005,000 | Kentucky Public Energy Auth, KY, Rev 5.25%, 04/01/2054(3) | 2,119,024 | |
| Louisiana - 0.9% | |||
| 15,000 | Louisiana Housing Corp., LA, Rev 4.50%, 12/01/2047 | 14,938 | |
| 1,385,000 | Louisiana Local Government Environmental Facs & Community Dev Auth, LA, Rev 2.50%, 04/01/2036 | 1,105,231 | |
| 1,255,000 | Louisiana Stadium & Exposition Dist, LA, Rev 5.25%, 07/01/2053 | 1,342,887 | |
| 2,463,056 | |||
| Maryland - 0.2% | |||
| 625,000 | Maryland State Transportation Auth, MD, Rev 4.00%, 07/01/2050 | 593,678 | |
| Massachusetts - 3.3% | |||
| Commonwealth of Massachusetts, MA, GO | |||
| 120,000 | 3.00%, 02/01/2048 | 90,442 | |
| 7,720,000 | 5.00%, 05/01/2053 | 8,206,597 | |
| 1,180,000 | Massachusetts Bay Transportation Auth Sales Tax, MA, Rev 4.00%, 07/01/2053 | 1,107,755 | |
| 9,404,794 | |||
| Michigan - 2.9% | |||
| 700,000 | Cedar Springs Public School Dist, MI, GO, (Q-SBLF Insured) 4.50%, 05/01/2049 | 703,496 | |
| 770,000 | Ferndale Public Schools, MI, GO, (Q-SBLF Insured) 5.00%, 05/01/2053 | 806,794 | |
| 1,500,000 | Fraser Public School Dist, MI, GO, (Q-SBLF Insured) 5.00%, 05/01/2048 | 1,567,354 | |
| 210,000 | Great Lakes Water Auth Sewage Disposal System, MI, Rev 5.25%, 07/01/2053 | 229,055 | |
| 210,000 | Great Lakes Water Auth Water Supply System, MI, Rev 5.25%, 07/01/2053 | 228,531 | |
| Grosse Ile Township School Dist, MI, GO, | |||
| 540,000 | (Q-SBLF Insured) 5.00%, 05/01/2049 | 565,412 | |
| 625,000 | (Q-SBLF Insured) 5.00%, 05/01/2052 | 651,081 | |
| 55,000 | Michigan State Housing Dev Auth, MI, Rev 3.75%, 06/01/2050 | 54,138 | |
| 27 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Michigan - 2.9% - (continued) | |||
| $ 1,540,000 | Troy School Dist, MI, GO, (Q-SBLF Insured) 5.00%, 05/01/2052 | $ 1,622,959 | |
| 1,750,000 | Wayne County Airport Auth, MI, Rev, (AGM Insured) 5.25%, 12/01/2048 | 1,921,088 | |
| 8,349,908 | |||
| Minnesota - 1.5% | |||
| 250,000 | Hennepin County Housing & Redev Auth, MN, Rev, (HUD SECT 8 FHA 221(D)(4)) 4.65%, 10/01/2026(3) | 249,993 | |
| 180,000 | Housing & Redev Auth of The City of St Paul Minnesota, MN, Rev, (HUD SECT 8) 3.50%, 12/01/2025(3) | 179,855 | |
| 435,000 | Minneapolis-St Paul Metropolitan Airports Commission, MN, Rev 4.25%, 01/01/2052 | 415,711 | |
| 3,420,000 | Minnesota Housing Finance Agency, MN, Rev, (GNMA/FNMA/FHLMC Insured) 3.00%, 01/01/2051 | 3,302,431 | |
| 165,000 | Washington County Community Dev Agency, MN, Rev 3.68%, 09/01/2026(3) | 163,590 | |
| 4,311,580 | |||
| Mississippi - 0.4% | |||
| Mississippi Home Corp., MS, Rev, | |||
| 1,010,000 | (GNMA/FNMA/FHLMC/COLL Insured) 3.00%, 12/01/2050 | 974,690 | |
| 190,000 | (GNMA/FNMA/FHLMC Insured) 3.25%, 12/01/2050 | 184,749 | |
| 1,159,439 | |||
| Missouri - 0.9% | |||
| 875,000 | Kansas City Planned Industrial Expansion Auth, MO, Rev 5.00%, 07/01/2045(3) | 896,556 | |
| Missouri Housing Dev Commission, MO, Rev, | |||
| 455,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 05/01/2052 | 438,001 | |
| 345,000 | (GNMA/FNMA/FHLMC Insured) 3.25%, 05/01/2051 | 334,790 | |
| 145,000 | (GNMA/FNMA/FHLMC Insured) 3.50%, 11/01/2050 | 141,698 | |
| 205,000 | (GNMA/FNMA/FHLMC Insured) 3.88%, 05/01/2050 | 202,248 | |
| 85,000 | (GNMA/FNMA/FHLMC Insured) 4.25%, 05/01/2049 | 84,439 | |
| 65,000 | (GNMA/FNMA/FHLMC Insured) 4.75%, 05/01/2049 | 65,144 | |
| 385,000 | St. Charles County Francis Howell R-III School Dist, MO, GO 2.00%, 03/01/2037 | 292,163 | |
| 2,455,039 | |||
| Nebraska - 0.2% | |||
| Nebraska Investment Finance Auth, NE, Rev, | |||
| 450,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 09/01/2050 | 433,432 | |
| 60,000 | 4.00%, 09/01/2048 | 59,328 | |
| 492,760 | |||
| Nevada - 0.0% | |||
| 80,000 | Nevada Housing Division, NV, Rev, (GNMA/FNMA/FHLMC/COLL Insured) 4.00%, 10/01/2049 | 79,059 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| New Jersey - 0.2% | |||
| $ 430,000 | New Jersey Housing & Mortgage Finance Agency, NJ, Rev, (HUD SECT 8) 3.67%, 02/01/2026 | $ 424,886 | |
| 25,000 | New Jersey Transportation Trust Fund Auth, NJ, Rev 4.00%, 06/15/2035 | 25,442 | |
| 450,328 | |||
| New Mexico - 2.1% | |||
| New Mexico Mortgage Finance Auth, NM, Rev, | |||
| 725,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 01/01/2051 | 697,198 | |
| 3,620,000 | (GNMA/FNMA/FHLMC Insured) 3.00%, 01/01/2052 | 3,472,674 | |
| 110,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 01/01/2049 | 108,776 | |
| 1,885,000 | (GNMA/FNMA/FHLMC Insured) 4.25%, 03/01/2053 | 1,871,327 | |
| 6,149,975 | |||
| New York - 7.2% | |||
| City of New York, NY, GO | |||
| 1,130,000 | 4.00%, 04/01/2050 | 1,071,995 | |
| 270,000 | 5.00%, 03/01/2038 | 304,316 | |
| 3,000,000 | Monroe County Industrial Dev Corp., NY, Rev, (HUD SECT 8) 5.00%, 07/01/2028(3) | 3,077,089 | |
| New York City Municipal Water Finance Auth, NY, Rev | |||
| 1,240,000 | 5.25%, 06/15/2053 | 1,352,107 | |
| 1,750,000 | 5.25%, 06/15/2054 | 1,911,838 | |
| New York City Transitional Finance Auth, Future Tax Secured, NY, Rev | |||
| 445,000 | 4.00%, 08/01/2048 | 425,744 | |
| 1,890,000 | 4.00%, 02/01/2051 | 1,795,322 | |
| 225,000 | New York City Transitional Finance Auth, NY, Rev 4.38%, 05/01/2053 | 221,815 | |
| 5,000,000 | New York Power Auth, NY, Rev, (AGM Insured) 5.00%, 11/15/2053 | 5,358,953 | |
| 950,000 | New York State Dormitory Auth, NY, Rev 3.00%, 03/15/2038 | 839,175 | |
| 125,000 | New York Transportation Dev Corp., NY, Rev 5.00%, 12/01/2028 | 132,587 | |
| 230,000 | Rockland County Industrial Dev Agency, NY, Rev, (HUD SECT 8 FHA 221(D)(4)) 4.65%, 05/01/2027(3) | 230,355 | |
| Triborough Bridge & Tunnel Auth Sales Tax, NY, Rev | |||
| 1,560,000 | 5.00%, 05/15/2053 | 1,652,719 | |
| 1,365,000 | 5.25%, 05/15/2064 | 1,471,804 | |
| 605,000 | Triborough Bridge & Tunnel Auth, NY, Rev 4.50%, 05/15/2052 | 615,578 | |
| 100,000 | Westchester County Local Dev Corp., NY, Rev, (AGM Insured) 5.75%, 11/01/2053 | 111,827 | |
| 20,573,224 | |||
| North Carolina - 0.5% | |||
| 240,000 | Asheville Housing Auth, NC, Rev, (HUD SECT 8) 5.00%, 11/01/2026(3) | 242,452 | |
| North Carolina Housing Finance Agency, NC, Rev, | |||
| 605,000 | (GNMA/FNMA/FHLMC Insured) 4.00%, 07/01/2050 | 597,875 | |
| 580,000 | 5.00%, 04/01/2029(3) | 607,461 | |
| 1,447,788 | |||
| Ohio - 2.4% | |||
| 430,000 | Columbus-Franklin County Finance Auth, OH, Rev 5.00%, 07/01/2045(3) | 438,231 | |
| 28 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Ohio - 2.4% - (continued) | |||
| $ 3,015,000 | Fairborn City School Dist, OH, GO 5.25%, 12/01/2053 | $ 3,199,828 | |
| Ohio Housing Finance Agency, OH, Rev | |||
| 125,000 | 3.00%, 03/01/2052 | 120,319 | |
| 960,000 | (GNMA/FNMA/FHLMC/COLL Insured) 3.25%, 03/01/2050 | 932,639 | |
| 125,000 | (HUD SECT 8 FHA 221(D)(4)) 3.53%, 02/01/2029(3) | 122,540 | |
| 20,000 | (GNMA/FNMA/FHLMC Insured) 4.50%, 09/01/2048 | 19,958 | |
| 295,000 | Ohio Turnpike & Infrastructure Commission, OH, Rev 0.00%, 02/15/2041(5) | 137,078 | |
| 1,840,000 | Pickerington Local School Dist, OH, GO 5.00%, 12/01/2053 | 1,933,679 | |
| 6,904,272 | |||
| Oklahoma - 0.0% | |||
| 120,000 | Oklahoma Housing Finance Agency, OK, Rev, (GNMA/FNMA/FHLMC Insured) 4.00%, 03/01/2050 | 118,553 | |
| Pennsylvania - 0.3% | |||
| 600,000 | Allegheny County Airport Auth, PA, Rev, (AGM Insured) 5.25%, 01/01/2053 | 643,413 | |
| 145,000 | Allegheny County Sanitary Auth, PA, Rev 5.00%, 06/01/2053 | 151,417 | |
| 794,830 | |||
| Rhode Island - 0.2% | |||
| 555,000 | Rhode Island Health & Educational Building Corp., RI, Rev 5.25%, 05/15/2054 | 578,963 | |
| South Carolina - 2.1% | |||
| 2,500,000 | Inman Campobello Water Dist, SC, Rev, (BAM Insured) 5.00%, 06/01/2048 | 2,639,860 | |
| 3,135,000 | Patriots Energy Group Financing Agency, SC, Rev 5.25%, 10/01/2054(3) | 3,296,999 | |
| 45,000 | Tobacco Settlement Management Auth, SC, Rev 6.38%, 05/15/2030 | 51,814 | |
| 5,988,673 | |||
| Tennessee - 2.8% | |||
| 515,000 | County of Putnam, TN, GO 2.00%, 04/01/2037 | 390,746 | |
| 625,000 | Health Educational & Housing Facility Board of the City of Memphis, TN, Rev, (HUD SECT 8) 3.55%, 12/01/2027(3) | 607,670 | |
| 75,000 | Jackson Health Educational & Housing Facility Board, TN, Rev, (HUD SECT 8) 3.00%, 12/01/2026(3) | 74,617 | |
| 390,000 | Johnson City Health & Educational Facs Board, TN, Rev, (HUD SECT 8) 3.60%, 12/01/2027(3) | 382,845 | |
| 410,000 | Knoxville's Community Dev Corp., TN, Rev, (HUD SECT 8) 4.25%, 10/01/2024 | 410,117 | |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Board, TN, Rev, | |||
| 1,415,000 | (HUD SECT 8) 3.50%, 02/01/2048(3) | 1,382,974 | |
| 2,010,000 | 3.85%, 02/01/2045(3) | 1,995,292 | |
| 15,000 | (NATL Insured) 4.88%, 11/01/2028 | 15,512 | |
| 305,000 | Metropolitan Nashville Airport Auth, TN, Rev 5.00%, 07/01/2052 | 322,077 | |
| 1,795,000 | Tennergy Corp., TN, Rev 4.00%, 12/01/2051(3) | 1,779,962 | |
| 50,000 | Tennessee Housing Dev Agency, TN, Rev 4.50%, 07/01/2049 | 49,896 | |
| 705,000 | Williamson County Industrial Dev Board, TN, Rev, (HUD SECT 8) 5.00%, 05/01/2042(3) | 721,185 | |
| 8,132,893 | |||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Texas - 29.3% | |||
| $ 910,000 | Aldine Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2054 | $ 848,651 | |
| 610,000 | Alvarado Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2052 | 574,005 | |
| Arlington Higher Education Finance Corp., TX, Rev, | |||
| 700,000 | (PSF-GTD Insured) 4.25%, 12/01/2048 | 668,205 | |
| 200,000 | (PSF-GTD Insured) 4.25%, 12/01/2053 | 186,471 | |
| 680,000 | (PSF-GTD Insured) 5.00%, 08/15/2033 | 728,740 | |
| 200,000 | (PSF-GTD Insured) 5.00%, 08/15/2048 | 208,736 | |
| 1,840,000 | Azle Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2054 | 1,724,654 | |
| Bexar County Hospital Dist, TX, GO | |||
| 635,000 | 4.25%, 02/15/2052 | 611,059 | |
| 1,405,000 | 4.25%, 02/15/2053 | 1,346,705 | |
| 280,000 | Bexar County Housing Finance Corp., TX, Rev 4.05%, 03/01/2028(3) | 279,600 | |
| 1,235,000 | Bullard Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2052 | 1,156,460 | |
| 1,235,000 | Carrizo Springs Consolidated Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 08/15/2049 | 1,312,985 | |
| 4,825,000 | Chapel Hill Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/15/2048 | 5,134,080 | |
| 445,000 | City of Dallas Housing Finance Corp., TX, Rev 5.00%, 07/01/2042(3) | 456,076 | |
| 390,000 | City of Georgetown Utility System, TX, Rev, (BAM Insured) 5.25%, 08/15/2053 | 413,387 | |
| 790,000 | Cleburne Independent School Dist, TX, GO, (PSF-GTD Insured) 3.00%, 02/15/2046 | 602,663 | |
| Clifton Higher Education Finance Corp., TX, Rev, | |||
| 545,000 | (PSF-GTD Insured) 4.25%, 04/01/2053 | 527,277 | |
| 765,000 | (PSF-GTD Insured) 4.25%, 08/15/2053 | 739,040 | |
| 765,000 | College of the Mainland, TX, GO 4.00%, 08/15/2049 | 707,557 | |
| 1,190,000 | Columbia-Brazoria Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/01/2053 | 1,129,936 | |
| Community Independent School Dist, TX, GO, | |||
| 330,000 | (PSF-GTD Insured) 5.00%, 02/15/2048 | 351,381 | |
| 905,000 | (PSF-GTD Insured) 5.00%, 02/15/2053 | 952,352 | |
| 505,000 | County of Harris, TX, GO 5.00%, 10/01/2038 | 526,187 | |
| 825,000 | Dallas Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 769,036 | |
| 2,165,000 | Denison Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 08/01/2053 | 2,030,800 | |
| 3,065,000 | Dickinson Independent School Dist, TX, GO, (PSF-GTD Insured) 4.25%, 02/15/2053 | 2,986,086 | |
| 375,000 | Donna Independent School Dist, TX, GO, (PSF-GTD Insured) 4.13%, 02/15/2053 | 357,743 | |
| 2,405,000 | Forney Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 08/15/2053 | 2,240,495 | |
| 380,000 | Fort Worth Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2048 | 365,133 | |
| 690,000 | Georgetown Independent School Dist, TX, GO, (PSF-GTD Insured) 2.50%, 08/15/2037 | 560,470 | |
| 1,535,000 | Humble Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2054 | 1,446,084 | |
| 1,280,000 | Hurst-Euless-Bedford Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 08/15/2050 | 1,202,999 | |
| 6,605,000 | Judson Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/01/2053 | 7,016,911 | |
| 1,085,000 | Katy Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 1,001,427 | |
| 29 |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Texas - 29.3% - (continued) | |||
| $ 1,390,000 | Lakeside Place PFC, TX, Rev, (FHA 221(D4)) 4.15%, 11/01/2026(3) | $ 1,389,828 | |
| Lamar Consolidated Independent School Dist, TX, GO, | |||
| 365,000 | (PSF-GTD Insured) 3.00%, 02/15/2051 | 267,343 | |
| 1,090,000 | (PSF-GTD Insured) 4.00%, 02/15/2048 | 1,008,078 | |
| 5,605,000 | (PSF-GTD Insured) 5.00%, 02/15/2053 | 5,927,724 | |
| 1,030,000 | Liberty Hill Independent School Dist, TX, GO, (PSF-GTD Insured) 4.13%, 02/01/2053 | 982,775 | |
| 590,000 | Lockhart Independent School Dist, TX, GO, (PSF-GTD Insured) 4.13%, 08/01/2053 | 561,786 | |
| 2,165,000 | Medina Valley Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 2,024,832 | |
| 1,850,000 | Midland Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2054 | 1,727,009 | |
| Montgomery Independent School Dist, TX, GO, | |||
| 115,000 | (PSF-GTD Insured) 4.00%, 02/15/2053 | 108,631 | |
| 745,000 | (PSF-GTD Insured) 4.25%, 02/15/2052 | 734,382 | |
| 4,515,000 | New Caney Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/15/2053 | 4,778,545 | |
| 20,000 | Newark Higher Education Finance Corp., TX, Rev, (PSF-GTD Insured) 5.00%, 08/15/2052 | 20,728 | |
| Northwest Independent School Dist, TX, GO, | |||
| 990,000 | (PSF-GTD Insured) 4.13%, 08/15/2053 | 948,782 | |
| 465,000 | (PSF-GTD Insured) 5.00%, 02/15/2048 | 493,168 | |
| 1,250,000 | Pewitt Consolidated Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 1,165,207 | |
| 3,210,000 | Prosper Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 3,012,148 | |
| 435,000 | Rockwall Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/15/2053 | 407,512 | |
| 1,105,000 | Royal Independent School Dist, TX, GO, (PSF-GTD Insured) 4.25%, 02/15/2053 | 1,076,550 | |
| 185,000 | Sabine-Neches Navigation Dist, TX, GO 5.25%, 02/15/2052 | 195,478 | |
| 1,810,000 | Sherman Independent School Dist, TX, GO, (PSF-GTD Insured) 5.00%, 02/15/2053 | 1,915,580 | |
| 1,930,000 | Southwest Independent School Dist, TX, GO, (PSF-GTD Insured) 4.00%, 02/01/2053 | 1,808,388 | |
| 1,515,000 | Strategic Housing Finance Corp. of Travis County, TX, Rev 3.35%, 03/01/2046(3) | 1,480,670 | |
| 805,000 | Temple Independent School Dist, TX, GO, (PSF-GTD Insured) 4.25%, 02/01/2047 | 797,708 | |
| Texas Department of Housing & Community Affairs, TX, Rev, | |||
| 585,000 | (GNMA Insured) 3.00%, 01/01/2052 | 561,040 | |
| 265,000 | (GNMA Insured) 3.50%, 03/01/2051 | 258,486 | |
| 90,000 | (GNMA Insured) 4.00%, 03/01/2050 | 88,920 | |
| 50,000 | (GNMA Insured) 4.75%, 03/01/2049 | 50,080 | |
| 330,000 | Texas Municipal Gas Acquisition & Supply Corp. III, TX, Rev 5.00%, 12/15/2028 | 339,890 | |
| 5,900,000 | Texas Municipal Gas Acquisition & Supply Corp. IV, TX, Rev 5.50%, 01/01/2054(3) | 6,313,854 | |
| 400,000 | Texas State Affordable Housing Corp., TX, Rev 3.63%, 01/01/2045(3) | 391,801 | |
| Texas Water Dev Board, TX, Rev | |||
| 285,000 | 4.80%, 10/15/2052 | 294,765 | |
| 1,135,000 | 5.25%, 10/15/2051 | 1,228,780 | |
| 440,000 | White Settlement Independent School Dist, TX, GO, (PSF-GTD Insured) 4.13%, 08/15/2052 | 423,376 | |
| 83,947,235 | |||
| Virginia - 0.7% | |||
| 365,000 | Hampton Roads Transportation Accountability Commission, VA, Rev 4.00%, 07/01/2052 | 344,588 | |
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 78.1% - (continued) | |||
| Virginia - 0.7% - (continued) | |||
| $ 660,000 | Harrisonburg Redev & Housing Auth, VA, Rev 3.57%, 10/01/2045(3) | $ 644,441 | |
| 1,150,000 | Loudoun County Economic Dev Auth, VA, Rev 4.00%, 10/01/2052 | 1,108,154 | |
| 2,097,183 | |||
| Washington - 0.2% | |||
| 455,000 | King County Public Hospital Dist No. 2, WA, GO 5.25%, 12/01/2045 | 485,643 | |
| 135,000 | Washington State Housing Finance Commission, WA, Rev 4.00%, 12/01/2048 | 133,559 | |
| 619,202 | |||
| Wyoming - 0.0% | |||
| 55,000 | Wyoming Community Dev Auth, WY, Rev 4.00%, 06/01/2043 | 54,345 | |
| Total Municipal Bonds (cost $225,941,379) | $ 224,014,935 | ||
| U.S. GOVERNMENT SECURITIES - 8.4% | |||
| U.S. Treasury Securities - 8.4% | |||
| U.S. Treasury Bonds - 8.4% | |||
| 6,247,000 | 3.63%, 08/15/2043 | $ 5,235,767 | |
| 19,958,000 | 4.50%, 02/15/2044 | 18,932,034 | |
| Total U.S. Government Securities (cost $24,422,363) | $ 24,167,801 | ||
| Total Long-Term Investments (cost $266,552,389) | $ 264,103,820 | ||
| SHORT-TERM INVESTMENTS - 6.8% | |||
| U.S. Treasury Securities - 6.8% | |||
| U.S. Treasury Bills - 6.8% | |||
| 4,787,000 | 5.19%, 03/20/2025(6) | $ 4,572,022 | |
| 2,162,000 | 5.21%, 03/20/2025(6) | 2,064,907 | |
| 8,533,000 | 5.22%, 03/20/2025(6) | 8,149,793 | |
| 3,670,000 | 5.22%, 03/20/2025(6) | 3,505,185 | |
| 1,267,000 | 5.25%, 03/20/2025(6) | 1,210,101 | |
| 19,502,008 | |||
| Total Short-Term Investments (cost $19,516,006) | $ 19,502,008 | ||
| Total Investments (cost $286,068,395) | 98.8% | $ 283,605,828 | |
| Other Assets and Liabilities | 1.2% | 3,378,975 | |
| Total Net Assets | 100.0% | $ 286,984,803 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| 30 |
| (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 April 30, 2024, the aggregate value of these securities was $7,050,667, representing 2.5% of net assets. |
| (2) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at April 30, 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) | 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 $3,440,018 at April 30, 2024. |
| (5) | Security is a zero-coupon bond. |
| (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 | $ 15,921,084 | $ — | $ 15,921,084 | $ — | ||||
| Municipal Bonds | 224,014,935 | — | 224,014,935 | — | ||||
| U.S. Government Securities | 24,167,801 | — | 24,167,801 | — | ||||
| Short-Term Investments | 19,502,008 | — | 19,502,008 | — | ||||
| Total | $ 283,605,828 | $ — | $ 283,605,828 | $ — |
| (1) | For the period ended April 30, 2024, there were no transfers in and out of Level 3. |
| 31 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 97.6% | |||
| Other Asset-Backed Securities - 97.6% | |||
| $ 1,000,000 | 720 East CLO IV Ltd. 6.89%, 04/15/2037, 3 mo. USD Term SOFR + 1.60%(1)(2) | $ 1,004,040 | |
| 1,000,000 | 720 East CLO Ltd. 7.48%, 10/15/2036, 3 mo. USD Term SOFR + 2.15%(1)(2) | 1,002,227 | |
| 2,000,000 | AGL CLO 3 Ltd. 6.89%, 01/15/2033, 3 mo. USD Term SOFR + 1.56%(1)(2) | 2,001,644 | |
| 500,000 | Anchorage Capital CLO 1-R Ltd. 7.04%, 04/13/2031, 3 mo. USD Term SOFR + 1.71%(1)(2) | 499,114 | |
| 1,000,000 | Apidos CLO XL Ltd. 7.13%, 07/15/2035, 3 mo. USD Term SOFR + 1.80%(1)(2) | 1,000,556 | |
| 217,985 | Apidos CLO XV Ltd. 6.60%, 04/20/2031, 3 mo. USD Term SOFR + 1.27%(1)(2) | 218,164 | |
| 211,758 | Apidos CLO XX Ltd. 6.69%, 07/16/2031, 3 mo. USD Term SOFR + 1.36%(1)(2) | 211,791 | |
| 300,000 | Apidos CLO XXIII Ltd. 6.81%, 04/15/2033, 3 mo. USD Term SOFR + 1.48%(1)(2) | 300,424 | |
| 600,000 | Apidos CLO XXVIII 6.99%, 01/20/2031, 3 mo. USD Term SOFR + 1.66%(1)(2) | 599,047 | |
| 1,000,000 | Apidos CLO XXXIX Ltd. 6.62%, 04/21/2035, 3 mo. USD Term SOFR + 1.30%(1)(2) | 1,001,634 | |
| 2,750,000 | ARES LII CLO Ltd. 6.64%, 04/22/2031, 3 mo. USD Term SOFR + 1.31%(1)(2) | 2,754,257 | |
| 3,200,000 | Ares XXVII CLO Ltd. 6.76%, 10/28/2034, 3 mo. USD Term SOFR + 1.43%(1)(2) | 3,202,653 | |
| 500,000 | ARES XXXIIR CLO Ltd. 7.37%, 05/15/2030, 3 mo. USD Term SOFR + 2.06%(1)(2) | 498,927 | |
| 1,000,000 | ARES XXXIX CLO Ltd. 7.64%, 04/18/2031, 3 mo. USD Term SOFR + 2.31%(1)(2) | 997,129 | |
| 1,600,000 | Assurant CLO I Ltd. 6.77%, 10/20/2034, 3 mo. USD Term SOFR + 1.44%(1)(2) | 1,600,203 | |
| 300,000 | Atrium XIII 7.09%, 11/21/2030, 3 mo. USD Term SOFR + 1.76%(1)(2) | 299,267 | |
| 1,000,000 | Bain Capital Credit CLO 7.18%, 10/17/2032, 3 mo. USD Term SOFR + 1.86%(1)(2) | 999,743 | |
| Bain Capital Credit CLO Ltd. | |||
| 2,000,000 | 6.65%, 04/18/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | 1,998,672 | |
| 1,500,000 | 6.68%, 10/17/2032, 3 mo. USD Term SOFR + 1.36%(1)(2) | 1,500,445 | |
| 1,000,000 | 6.73%, 01/22/2035, 3 mo. USD Term SOFR + 1.40%(1)(2) | 999,780 | |
| 2,000,000 | 7.16%, 04/16/2036, 3 mo. USD Term SOFR + 1.83%(1)(2) | 2,010,864 | |
| Barings CLO Ltd. | |||
| 1,000,000 | 6.66%, 04/20/2031, 3 mo. USD Term SOFR + 1.33%(1)(2) | 1,000,536 | |
| 1,000,000 | 6.76%, 04/15/2036, 3 mo. USD Term SOFR + 1.43%(1)(2) | 999,756 | |
| 290,000 | 7.37%, 01/20/2037, 3 mo. USD Term SOFR + 2.10%(1)(2) | 291,220 | |
| 1,000,000 | 7.49%, 04/20/2031, 3 mo. USD Term SOFR + 2.16%(1)(2) | 996,761 | |
| 1,000,000 | Barings Loan Partners CLO Ltd. 3 6.84%, 07/20/2033, 3 mo. USD Term SOFR + 1.52%(1)(2) | 1,000,998 | |
| 911,799 | Battalion CLO XII Ltd. 6.65%, 05/17/2031, 3 mo. USD Term SOFR + 1.33%(1)(2) | 911,781 | |
| 1,000,000 | Battalion CLO XIV Ltd. 7.44%, 01/20/2035, 3 mo. USD Term SOFR + 2.11%(1)(2) | 997,543 | |
| 1,283,471 | Benefit Street Partners CLO XII Ltd. 6.54%, 10/15/2030, 3 mo. USD Term SOFR + 1.21%(1)(2) | 1,284,599 | |
| 1,200,000 | Birch Grove CLO 5 Ltd. 7.87%, 04/20/2035, 3 mo. USD Term SOFR + 2.55%(1)(2) | 1,201,310 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 97.6% - (continued) | |||
| Other Asset-Backed Securities - 97.6% - (continued) | |||
| $ 1,100,000 | BlueMountain CLO Ltd. 7.01%, 11/15/2030, 3 mo. USD Term SOFR + 1.70%(1)(2) | $ 1,100,494 | |
| Carlyle Global Market Strategies CLO Ltd. | |||
| 283,870 | 6.57%, 07/20/2031, 3 mo. USD Term SOFR + 1.24%(1)(2) | 284,294 | |
| 734,401 | 6.73%, 07/15/2031, 3 mo. USD Term SOFR + 1.40%(1)(2) | 734,838 | |
| Carlyle U.S. CLO Ltd. | |||
| 1,156,874 | 6.59%, 04/20/2031, 3 mo. USD Term SOFR + 1.26%(1)(2) | 1,158,908 | |
| 500,000 | 6.75%, 07/15/2034, 3 mo. USD Term SOFR + 1.42%(1)(2) | 500,367 | |
| 1,000,000 | Cedar Funding X CLO Ltd. 6.69%, 10/20/2032, 3 mo. USD Term SOFR + 1.36%(1)(2) | 1,000,738 | |
| CIFC Funding Ltd. | |||
| 479,817 | 6.63%, 04/20/2031, 3 mo. USD Term SOFR + 1.30%(1)(2) | 480,094 | |
| 1,000,000 | 6.64%, 04/17/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | 997,436 | |
| 181,352 | 6.70%, 01/22/2031, 3 mo. USD Term SOFR + 1.37%(1)(2) | 181,430 | |
| 300,000 | 6.74%, 07/15/2036, 3 mo. USD Term SOFR + 1.41%(1)(2) | 299,832 | |
| 1,000,000 | 6.83%, 04/21/2037, 3 mo. USD Term SOFR + 1.55%(1)(2) | 1,006,553 | |
| 250,000 | 6.91%, 01/15/2034, 3 mo. USD Term SOFR + 1.58%(1)(2) | 250,438 | |
| 250,000 | 6.98%, 04/24/2031, 3 mo. USD Term SOFR + 1.66%(1)(2) | 248,841 | |
| 1,120,000 | 7.09%, 04/20/2030, 3 mo. USD Term SOFR + 1.76%(1)(2) | 1,121,281 | |
| 800,000 | 7.49%, 07/18/2031, 3 mo. USD Term SOFR + 2.16%(1)(2) | 799,378 | |
| 375,000 | 7.97%, 01/20/2037, 3 mo. USD Term SOFR + 2.65%(1)(2) | 376,647 | |
| 224,863 | Dryden 37 Senior Loan Fund 6.69%, 01/15/2031, 3 mo. USD Term SOFR + 1.36%(1)(2) | 225,098 | |
| 2,000,000 | Dryden 43 Senior Loan Fund 6.63%, 04/20/2034, 3 mo. USD Term SOFR + 1.30%(1)(2) | 2,000,170 | |
| 250,000 | Dryden 53 CLO Ltd. 6.99%, 01/15/2031, 3 mo. USD Term SOFR + 1.66%(1)(2) | 249,670 | |
| 1,000,000 | Dryden 64 CLO Ltd. 7.34%, 04/18/2031, 3 mo. USD Term SOFR + 2.01%(1)(2) | 996,052 | |
| 1,000,000 | Dryden 68 CLO Ltd. 6.76%, 07/15/2035, 3 mo. USD Term SOFR + 1.43%(1)(2) | 1,000,416 | |
| 1,000,000 | Dryden 94 CLO Ltd. 6.77%, 07/15/2037, 3 mo. USD Term SOFR + 1.44%(1)(2) | 1,000,908 | |
| 1,000,000 | Elmwood CLO 14 Ltd. 6.64%, 04/20/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | 996,682 | |
| 1,000,000 | Elmwood CLO 15 Ltd. 6.66%, 04/22/2035, 3 mo. USD Term SOFR + 1.34%(1)(2) | 1,001,750 | |
| 1,000,000 | Elmwood CLO 19 Ltd. 7.02%, 10/17/2036, 3 mo. USD Term SOFR + 1.70%(1)(2) | 1,007,051 | |
| 3,000,000 | Elmwood CLO 23 Ltd. 7.13%, 04/16/2036, 3 mo. USD Term SOFR + 1.80%(1)(2) | 3,020,556 | |
| 1,000,000 | Elmwood CLO II Ltd. 6.74%, 04/20/2034, 3 mo. USD Term SOFR + 1.41%(1)(2) | 1,001,000 | |
| 1,000,000 | Empower CLO Ltd. 6.91%, 04/25/2037, 3 mo. USD Term SOFR + 1.60%(1)(2) | 1,001,042 | |
| 1,180,401 | Galaxy XV CLO Ltd. 6.56%, 10/15/2030, 3 mo. USD Term SOFR + 1.23%(1)(2) | 1,180,633 | |
| 2,000,000 | GoldenTree Loan Management U.S. CLO 1 Ltd. 6.61%, 04/20/2034, 3 mo. USD Term SOFR + 1.28%(1)(2) | 2,000,808 | |
| 32 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 97.6% - (continued) | |||
| Other Asset-Backed Securities - 97.6% - (continued) | |||
| $ 1,125,000 | GoldenTree Loan Management U.S. CLO 6 Ltd. 6.64%, 04/20/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | $ 1,125,115 | |
| 1,000,000 | Golub Capital Partners CLO 66B Ltd. 7.27%, 04/25/2036, 3 mo. USD Term SOFR + 1.95%(1)(2) | 1,008,149 | |
| 500,000 | Greenwood Park CLO Ltd. 6.99%, 04/15/2031, 3 mo. USD Term SOFR + 1.66%(1)(2) | 497,753 | |
| 2,000,000 | Invesco CLO Ltd. 6.76%, 07/20/2035, 3 mo. USD Term SOFR + 1.44%(1)(2) | 2,005,680 | |
| 500,000 | Invesco U.S. CLO Ltd. 7.12%, 04/21/2036, 3 mo. USD Term SOFR + 1.80%(1)(2) | 500,756 | |
| 2,000,000 | Kings Park CLO Ltd. 6.72%, 01/21/2035, 3 mo. USD Term SOFR + 1.39%(1)(2) | 2,001,730 | |
| KKR CLO 24 Ltd. | |||
| 1,440,000 | 6.67%, 04/20/2032, 3 mo. USD Term SOFR + 1.34%(1)(2) | 1,440,492 | |
| 1,000,000 | 7.04%, 04/20/2032, 3 mo. USD Term SOFR + 1.71%(1)(2) | 1,001,631 | |
| 2,100,000 | KKR CLO 32 Ltd. 7.16%, 01/15/2032, 3 mo. USD Term SOFR + 1.83%(1)(2) | 2,101,596 | |
| 2,000,000 | KKR CLO 52 Ltd. 7.23%, 07/16/2036, 3 mo. USD Term SOFR + 1.90%(1)(2) | 2,003,128 | |
| 500,000 | LCM XXIII Ltd. 7.79%, 10/20/2029, 3 mo. USD Term SOFR + 2.46%(1)(2) | 498,891 | |
| 154,052 | LCM XXIV Ltd. 6.57%, 03/20/2030, 3 mo. USD Term SOFR + 1.24%(1)(2) | 154,310 | |
| 660,000 | Madison Park Funding XIX Ltd. 6.92%, 01/22/2037, 3 mo. USD Term SOFR + 1.60%(1)(2) | 661,070 | |
| 287,570 | Madison Park Funding XVIII Ltd. 6.53%, 10/21/2030, 3 mo. USD Term SOFR + 1.20%(1)(2) | 287,780 | |
| 1,437,064 | Madison Park Funding XXIII Ltd. 6.56%, 07/27/2031, 3 mo. USD Term SOFR + 1.23%(1)(2) | 1,438,844 | |
| 1,000,000 | Madison Park Funding XXXII Ltd. 6.99%, 01/22/2031, 3 mo. USD Term SOFR + 1.66%(1)(2) | 995,710 | |
| 1,000,000 | Madison Park Funding XXXVII Ltd. 6.85%, 04/15/2037, 3 mo. USD Term SOFR + 1.53%(1)(2) | 1,000,528 | |
| 500,000 | Magnetite XV Ltd. 7.39%, 07/25/2031, 3 mo. USD Term SOFR + 2.06%(1)(2) | 499,784 | |
| 293,262 | Magnetite XXV Ltd. 6.79%, 01/25/2032, 3 mo. USD Term SOFR + 1.46%(1)(2) | 293,711 | |
| 1,413,564 | Neuberger Berman CLO XV 6.51%, 10/15/2029, 3 mo. USD Term SOFR + 1.18%(1)(2) | 1,414,230 | |
| 275,000 | Neuberger Berman CLO XVIII Ltd. 7.74%, 10/21/2030, 3 mo. USD Term SOFR + 2.41%(1)(2) | 274,811 | |
| 248,905 | Neuberger Berman Loan Advisers CLO 24 Ltd. 6.61%, 04/19/2030, 3 mo. USD Term SOFR + 1.28%(1)(2) | 248,975 | |
| 1,000,000 | Neuberger Berman Loan Advisers CLO 34 Ltd. 6.56%, 01/20/2035, 3 mo. USD Term SOFR + 1.24%(1)(2) | 1,001,425 | |
| 1,550,000 | Neuberger Berman Loan Advisers CLO 40 Ltd. 6.65%, 04/16/2033, 3 mo. USD Term SOFR + 1.32%(1)(2) | 1,551,145 | |
| 796,959 | Newark BSL CLO 2 Ltd. 6.56%, 07/25/2030, 3 mo. USD Term SOFR + 1.23%(1)(2) | 797,947 | |
| 1,000,000 | Niagara Park CLO Ltd. 6.58%, 07/17/2032, 3 mo. USD Term SOFR + 1.26%(1)(2) | 1,001,952 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 97.6% - (continued) | |||
| Other Asset-Backed Securities - 97.6% - (continued) | |||
| Oaktree CLO Ltd. | |||
| $ 500,000 | 6.75%, 07/15/2034, 3 mo. USD Term SOFR + 1.42%(1)(2) | $ 500,201 | |
| 500,000 | 7.23%, 04/15/2036, 3 mo. USD Term SOFR + 1.90%(1)(2) | 500,918 | |
| OCP CLO Ltd. | |||
| 1,000,000 | 6.58%, 01/15/2033, 3 mo. USD Term SOFR + 1.25%(1)(2) | 1,000,597 | |
| 1,000,000 | 6.60%, 04/18/2033, 3 mo. USD Term SOFR + 1.27%(1)(2) | 998,249 | |
| 250,000 | 6.68%, 07/20/2032, 3 mo. USD Term SOFR + 1.35%(1)(2) | 250,169 | |
| 500,000 | 7.29%, 10/20/2034, 3 mo. USD Term SOFR + 1.96%(1)(2) | 502,793 | |
| 635,000 | Octagon 63 Ltd. 7.00%, 07/20/2037, 3 mo. USD Term SOFR + 1.71%(1)(2) | 635,333 | |
| 2,080,000 | Octagon 67 Ltd. 7.12%, 04/25/2036, 3 mo. USD Term SOFR + 1.80%(1)(2) | 2,083,401 | |
| 190,295 | Octagon Investment Partners 30 Ltd. 6.59%, 03/17/2030, 3 mo. USD Term SOFR + 1.26%(1)(2) | 190,486 | |
| 250,000 | Octagon Investment Partners XV Ltd. 7.09%, 07/19/2030, 3 mo. USD Term SOFR + 1.76%(1)(2) | 249,459 | |
| 250,000 | Octagon Investment Partners XXI Ltd. 7.32%, 02/14/2031, 3 mo. USD Term SOFR + 2.01%(1)(2) | 245,872 | |
| Palmer Square CLO Ltd. | |||
| 2,000,000 | 6.64%, 04/20/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | 2,002,470 | |
| 1,250,000 | 7.22%, 01/20/2036, 3 mo. USD Term SOFR + 1.90%(1)(2) | 1,251,954 | |
| 250,000 | 7.32%, 07/20/2035, 3 mo. USD Term SOFR + 2.00%(1)(2) | 250,077 | |
| 840,308 | Race Point IX CLO Ltd. 6.53%, 10/15/2030, 3 mo. USD Term SOFR + 1.20%(1)(2) | 840,081 | |
| 250,000 | Regatta XIX Funding Ltd. 6.64%, 04/20/2035, 3 mo. USD Term SOFR + 1.32%(1)(2) | 250,125 | |
| 1,500,000 | RRX 7 Ltd. 6.69%, 07/15/2035, 3 mo. USD Term SOFR + 1.36%(1)(2) | 1,503,075 | |
| 325,000 | Stratus Static CLO Ltd. 7.22%, 10/20/2031, 3 mo. USD Term SOFR + 1.90%(1)(2) | 325,068 | |
| 800,000 | Symphony CLO 38 Ltd. 7.12%, 04/24/2036, 3 mo. USD Term SOFR + 1.80%(1)(2) | 801,302 | |
| 880,265 | TCI-Flatiron CLO Ltd. 6.42%, 01/17/2032, 3 mo. USD Term SOFR + 1.10%(1)(2) | 880,226 | |
| 1,000,000 | Texas Debt Capital CLO Ltd. 7.12%, 04/20/2036, 3 mo. USD Term SOFR + 1.80%(1)(2) | 1,005,140 | |
| 2,000,000 | Thayer Park CLO Ltd. 6.63%, 04/20/2034, 3 mo. USD Term SOFR + 1.30%(1)(2) | 2,001,384 | |
| 1,650,000 | Venture XXX CLO Ltd. 7.29%, 01/15/2031, 3 mo. USD Term SOFR + 1.96%(1)(2) | 1,647,819 | |
| Voya CLO Ltd. | |||
| 1,000,000 | 6.63%, 04/20/2034, 3 mo. USD Term SOFR + 1.30%(1)(2) | 1,000,386 | |
| 1,096,903 | 6.65%, 04/15/2031, 3 mo. USD Term SOFR + 1.32%(1)(2) | 1,097,352 | |
| Total Asset & Commercial Mortgage-Backed Securities (cost $108,471,014) | $ 108,429,570 | ||
| 33 |
| Shares or Principal Amount | Market Value† | ||
| SHORT-TERM INVESTMENTS - 0.6% | |||
| Repurchase Agreements - 0.6% | |||
| $ 628,446 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $628,539; collateralized by U.S. Treasury Note at 0.50%, maturing 10/31/2027, with a market value of $641,017 | $ 628,446 | |
| Total Short-Term Investments (cost $628,446) | $ 628,446 | ||
| Total Investments (cost $109,099,460) | 98.2% | $ 109,058,016 | |
| Other Assets and Liabilities | 1.8% | 1,979,104 | |
| Total Net Assets | 100.0% | $ 111,037,120 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| (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 April 30, 2024, the aggregate value of these securities was $108,429,570, representing 97.7% of net assets. |
| (2) | Variable rate securities; the rate reported is the coupon rate in effect at April 30, 2024. Base lending rates may be subject to a floor or cap. |
| Foreign Currency Contracts Outstanding at April 30, 2024 | ||||||||||
| Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Counterparty | Settlement Date | Appreciation/ (Depreciation) | ||||||
| 222,000 | EUR | 237,806 | USD | DEUT | 05/08/2024 | $ (358) | ||||
| 240,542 | USD | 222,000 | EUR | DEUT | 05/08/2024 | 3,094 | ||||
| 238,063 | USD | 222,000 | EUR | DEUT | 06/04/2024 | 354 | ||||
| Total foreign currency contracts | $ 3,090 | |||||||||
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Asset & Commercial Mortgage-Backed Securities | $ 108,429,570 | $ — | $ 108,429,570 | $ — | ||||
| Short-Term Investments | 628,446 | — | 628,446 | — | ||||
| Foreign Currency Contracts(2) | 3,448 | — | 3,448 | — | ||||
| Total | $ 109,061,464 | $ — | $ 109,061,464 | $ — | ||||
| Liabilities | ||||||||
| Foreign Currency Contracts(2) | $ (358) | $ — | $ (358) | $ — | ||||
| Total | $ (358) | $ — | $ (358) | $ — |
| (1) | For the period ended April 30, 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. |
| 34 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 9.9% | |||
| Asset-Backed - Automobile - 0.1% | |||
| $ 50,000 | Exeter Automobile Receivables Trust 12.07%, 09/16/2030(1) | $ 55,207 | |
| Commercial Mortgage-Backed Securities - 1.7% | |||
| 100,000 | BAMLL Commercial Mortgage Securities Trust 3.84%, 11/05/2032(1)(2) | 38,183 | |
| 40,000 | Benchmark Mortgage Trust 7.64%, 12/15/2056(2) | 41,469 | |
| 90,000 | BPR Trust 8.63%, 11/05/2028(1)(2) | 90,930 | |
| 17,425 | BX Trust 9.02%, 08/15/2039, 1 mo. USD Term SOFR + 3.70%(1)(3) | 17,490 | |
| 75,000 | Citigroup Commercial Mortgage Trust 3.00%, 11/15/2049(1) | 50,167 | |
| 90,000 | COMM Mortgage Trust 3.99%, 03/10/2046(1)(2) | 67,938 | |
| DC Trust | |||
| 70,000 | 8.48%, 04/13/2028(1)(2) | 69,384 | |
| 85,000 | 10.31%, 04/13/2028(1)(2) | 84,022 | |
| 215,000 | GS Mortgage Securities Corp. II 7.53%, 03/10/2041(1)(2) | 208,553 | |
| 125,000 | GS Mortgage Securities Corp. Trust 2.95%, 11/05/2034(1) | 93,660 | |
| 100,000 | HTL Commercial Mortgage Trust 11.93%, 05/10/2039(1)(2) | 99,368 | |
| MSWF Commercial Mortgage Trust | |||
| 65,000 | 4.00%, 12/15/2056(1) | 44,491 | |
| 30,000 | 7.25%, 12/15/2056(2) | 29,279 | |
| 934,934 | |||
| Other Asset-Backed Securities - 4.3% | |||
| 150,000 | 720 East CLO Ltd. 10.48%, 10/15/2036, 3 mo. USD Term SOFR + 5.15%(1)(3) | 154,066 | |
| 87,169 | AASET U.S. Ltd. 3.84%, 01/16/2038(1) | 62,500 | |
| 549,000 | AMMC CLO 22 Ltd. 11.34%, 04/25/2031, 3 mo. USD Term SOFR + 6.01%(1)(3) | 536,344 | |
| 250,000 | Bain Capital Credit CLO Ltd. 10.57%, 07/24/2036, 3 mo. USD Term SOFR + 5.25%(1)(3) | 253,424 | |
| 250,000 | GoldenTree Loan Management U.S. CLO 16 Ltd. 11.82%, 01/20/2034, 3 mo. USD Term SOFR + 6.50%(1)(3) | 252,304 | |
| 48,890 | HINNT LLC 8.00%, 03/15/2043(1) | 45,182 | |
| Home RE Ltd. | |||
| 150,000 | 9.93%, 10/25/2033, 30 day USD SOFR Average + 4.60%(1)(3) | 157,530 | |
| 165,000 | 10.83%, 10/25/2034, 30 day USD SOFR Average + 5.50%(1)(3) | 175,402 | |
| 244,048 | Horizon Aircraft Finance III Ltd. 4.46%, 11/15/2039(1) | 122,021 | |
| 250,000 | Invesco U.S. CLO Ltd. 12.19%, 04/22/2037, 3 mo. USD Term SOFR + 6.90%(1)(3) | 250,564 | |
| 250,000 | Symphony CLO XVIII Ltd. 8.84%, 07/23/2033, 3 mo. USD Term SOFR + 3.51%(1)(3) | 242,884 | |
| 100,000 | Tricon Residential Trust 4.13%, 07/17/2038(1) | 89,923 | |
| 2,342,144 | |||
| Whole Loan Collateral CMO - 3.8% | |||
| Federal National Mortgage Association Connecticut Avenue Securities | |||
| 35,000 | 8.03%, 01/25/2044, 30 day USD SOFR Average + 2.70%(1)(3) | 35,270 | |
| 15,000 | 9.23%, 07/25/2043, 30 day USD SOFR Average + 3.90%(1)(3) | 15,708 | |
| 143,469 | 9.54%, 07/25/2039, 30 day USD SOFR Average + 4.21%(1)(3) | 150,202 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 9.9% - (continued) | |||
| Whole Loan Collateral CMO - 3.8% - (continued) | |||
| $ 85,000 | 10.08%, 09/25/2042, 30 day USD SOFR Average + 4.75%(1)(3) | $ 92,862 | |
| 25,000 | 10.08%, 06/25/2043, 30 day USD SOFR Average + 4.75%(1)(3) | 27,023 | |
| 25,000 | 10.58%, 03/25/2042, 30 day USD SOFR Average + 5.25%(1)(3) | 27,165 | |
| 200,000 | 10.83%, 12/25/2041, 30 day USD SOFR Average + 5.50%(1)(3) | 208,839 | |
| 200,000 | 11.33%, 10/25/2041, 30 day USD SOFR Average + 6.00%(1)(3) | 209,825 | |
| 205,000 | 11.33%, 12/25/2041, 30 day USD SOFR Average + 6.00%(1)(3) | 215,465 | |
| 190,000 | 11.53%, 11/25/2041, 30 day USD SOFR Average + 6.20%(1)(3) | 199,737 | |
| 44,000 | 12.33%, 04/25/2042, 30 day USD SOFR Average + 7.00%(1)(3) | 47,883 | |
| 24,554 | 17.19%, 08/25/2028, 30 day USD SOFR Average + 11.86%(3) | 28,106 | |
| PRET LLC | |||
| 200,000 | 3.97%, 09/25/2051(1)(4) | 180,947 | |
| 105,000 | 5.07%, 07/25/2051(1)(4) | 96,525 | |
| 100,000 | Pretium Mortgage Credit Partners LLC 5.44%, 01/25/2052(1)(4) | 92,190 | |
| PRPM LLC | |||
| 200,000 | 3.60%, 09/25/2026(1)(2) | 179,883 | |
| 112,496 | 3.72%, 06/25/2026(1)(4) | 104,997 | |
| 200,000 | VCAT LLC 3.97%, 09/25/2051(1)(4) | 184,770 | |
| 2,097,397 | |||
| Total Asset & Commercial Mortgage-Backed Securities (cost $5,404,334) | $ 5,429,682 | ||
| CONVERTIBLE BONDS - 3.6% | |||
| Auto Manufacturers - 0.0% | |||
| 15,000 | Rivian Automotive, Inc. 3.63%, 10/15/2030(1) | $ 8,727 | |
| Biotechnology - 0.4% | |||
| 60,000 | Alnylam Pharmaceuticals, Inc. 1.00%, 09/15/2027 | 55,068 | |
| 45,000 | BioMarin Pharmaceutical, Inc. 1.25%, 05/15/2027 | 43,852 | |
| 29,000 | Immunocore Holdings PLC 2.50%, 02/01/2030(1) | 28,609 | |
| 62,000 | Ionis Pharmaceuticals, Inc. 1.75%, 06/15/2028(1) | 62,868 | |
| 190,397 | |||
| Commercial Services - 0.6% | |||
| 28,000 | Block, Inc. 0.13%, 03/01/2025 | 27,698 | |
| 67,000 | Global Payments, Inc. 1.50%, 03/01/2031(1) | 66,598 | |
| Nexi SpA | |||
| EUR 100,000 | 0.00%, 02/24/2028(5)(6) | 90,334 | |
| 100,000 | 1.75%, 04/24/2027(5) | 98,235 | |
| $ 63,000 | Shift4 Payments, Inc. 0.00%, 12/15/2025(6) | 64,852 | |
| 347,717 | |||
| Electric - 0.1% | |||
| 42,000 | Atlantica Sustainable Infrastructure Jersey Ltd. 4.00%, 07/15/2025 | 40,369 | |
| Energy-Alternate Sources - 0.4% | |||
| 114,000 | Enphase Energy, Inc. 0.00%, 03/01/2028(6) | 94,445 | |
| 30,000 | Maxeon Solar Technologies Ltd. 6.50%, 07/15/2025 | 11,664 | |
| 60,000 | NextEra Energy Partners LP 0.00%, 11/15/2025(1)(6) | 53,580 | |
| 35 |
| Shares or Principal Amount | Market Value† | ||
| CONVERTIBLE BONDS - 3.6% - (continued) | |||
| Energy-Alternate Sources - 0.4% - (continued) | |||
| $ 67,000 | SolarEdge Technologies, Inc. 0.00%, 09/15/2025(6) | $ 60,868 | |
| 30,000 | Stem, Inc. 0.50%, 12/01/2028(1) | 13,696 | |
| 234,253 | |||
| Healthcare - Products - 0.3% | |||
| 67,000 | Exact Sciences Corp. 2.00%, 03/01/2030(1) | 68,843 | |
| 103,000 | Insulet Corp. 0.38%, 09/01/2026 | 105,817 | |
| 174,660 | |||
| Internet - 0.4% | |||
| Etsy, Inc. | |||
| 32,000 | 0.13%, 10/01/2026 | 33,584 | |
| 53,000 | 0.25%, 06/15/2028 | 41,658 | |
| 54,000 | Sea Ltd. 2.38%, 12/01/2025 | 56,619 | |
| 45,000 | Shopify, Inc. 0.13%, 11/01/2025 | 42,165 | |
| 22,000 | Uber Technologies, Inc. 0.00%, 12/15/2025(6) | 22,825 | |
| 196,851 | |||
| IT Services - 0.3% | |||
| Rapid7, Inc. | |||
| 30,000 | 0.25%, 03/15/2027 | 25,856 | |
| 50,000 | 2.25%, 05/01/2025 | 50,000 | |
| 44,000 | Seagate HDD Cayman 3.50%, 06/01/2028(1) | 52,624 | |
| 40,000 | Zscaler, Inc. 0.13%, 07/01/2025 | 50,640 | |
| 179,120 | |||
| Machinery-Diversified - 0.1% | |||
| 66,000 | Middleby Corp. 1.00%, 09/01/2025 | 77,322 | |
| Pharmaceuticals - 0.2% | |||
| 80,000 | Dexcom, Inc. 0.25%, 11/15/2025 | 83,757 | |
| Real Estate Investment Trusts - 0.3% | |||
| 68,000 | HAT Holdings I LLC/HAT Holdings II LLC 3.75%, 08/15/2028(1) | 73,848 | |
| Rexford Industrial Realty LP | |||
| 38,000 | 4.13%, 03/15/2029(1) | 36,631 | |
| 38,000 | 4.38%, 03/15/2027(1) | 36,939 | |
| 147,418 | |||
| Semiconductors - 0.1% | |||
| 40,000 | ON Semiconductor Corp. 0.50%, 03/01/2029 | 38,600 | |
| Software - 0.4% | |||
| 50,000 | Bill Holdings, Inc. 0.00%, 12/01/2025(6) | 46,100 | |
| 49,000 | Datadog, Inc. 0.13%, 06/15/2025 | 69,850 | |
| 92,000 | Dayforce, Inc. 0.25%, 03/15/2026 | 83,444 | |
| 45,000 | Health Catalyst, Inc. 2.50%, 04/15/2025 | 42,750 | |
| 242,144 | |||
| Total Convertible Bonds (cost $2,107,240) | $ 1,961,335 | ||
| CORPORATE BONDS - 44.9% | |||
| Advertising - 0.7% | |||
| Clear Channel Outdoor Holdings, Inc. | |||
| 22,000 | 7.50%, 06/01/2029(1) | $ 17,735 | |
| 15,000 | 7.88%, 04/01/2030(1) | 14,710 | |
| 120,000 | 9.00%, 09/15/2028(1) | 123,426 | |
| Lamar Media Corp. | |||
| 125,000 | 3.63%, 01/15/2031 | 106,636 | |
| 145,000 | 3.75%, 02/15/2028 | 133,856 | |
| 396,363 | |||
| Agriculture - 0.0% | |||
| 15,000 | Darling Ingredients, Inc. 6.00%, 06/15/2030(1) | 14,574 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Auto Manufacturers - 0.0% | |||
| $ 25,000 | Ford Motor Co. 3.25%, 02/12/2032 | $ 20,141 | |
| Auto Parts & Equipment - 0.6% | |||
| 20,000 | Clarios Global LP/Clarios U.S. Finance Co. 6.75%, 05/15/2028(1) | 20,041 | |
| EUR 300,000 | Forvia SE 3.75%, 06/15/2028(5) | 310,290 | |
| 330,331 | |||
| Beverages - 0.4% | |||
| $ 236,000 | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL 5.25%, 04/27/2029(1) | 220,369 | |
| Chemicals - 0.5% | |||
| 80,000 | Avient Corp. 7.13%, 08/01/2030(1) | 80,956 | |
| EUR 100,000 | Itelyum Regeneration SpA 4.63%, 10/01/2026(5) | 103,711 | |
| 100,000 | Olympus Water U.S. Holding Corp. 9.63%, 11/15/2028(5) | 113,656 | |
| 298,323 | |||
| Commercial Banks - 8.9% | |||
| 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)(5)(7)(8) | 236,095 | |
| 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)(5)(7) | 338,809 | |
| 100,000 | Banco de Credito Social Cooperativo SA 5.25%, 11/27/2031, (5.25% fixed rate until 05/27/2026; 5 yr. EUR Swap + 5.42% thereafter)(5)(7) | 102,781 | |
| BNP Paribas SA | |||
| $ 200,000 | 7.38%, 08/19/2025, (7.38% fixed rate until 08/19/2025; 5 yr. USD Swap + 5.15% thereafter)(5)(7)(8) | 199,881 | |
| 200,000 | 8.50%, 08/14/2028, (8.50% fixed rate until 08/14/2028; 5 yr. USD CMT + 4.35% thereafter)(1)(7)(8) | 206,774 | |
| 45,000 | Citizens Financial Group, Inc. 6.65%, 04/25/2035, (6.65% fixed rate until 04/25/2034; 6 mo. USD SOFR + 2.33% thereafter)(7) | 45,147 | |
| EUR 400,000 | Cooperatieve Rabobank UA 3.25%, 12/29/2026, (3.25% fixed rate until 12/29/2026; 5 yr. EUR Swap + 3.70% thereafter)(5)(7)(8) | 391,707 | |
| 400,000 | Credit Agricole SA 7.25%, 09/23/2028, (7.25% fixed rate until 09/23/2028; 5 yr. EURIBOR ICE Swap + 4.44% thereafter)(5)(7)(8) | 446,797 | |
| 300,000 | Credit Mutuel Arkea SA 1.25%, 06/11/2029, (1.25% fixed rate until 06/11/2028; 3 mo. EURIBOR + 1.50% thereafter)(5)(7) | 287,896 | |
| 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)(5)(7) | 106,304 | |
| 200,000 | Deutsche Bank AG 4.50%, 11/30/2026, (4.50% fixed rate until 11/30/2026; 5 yr. EURIBOR ICE Swap + 4.55% thereafter)(5)(7)(8) | 181,725 | |
| Freedom Mortgage Corp. | |||
| $ 140,000 | 12.00%, 10/01/2028(1) | 150,231 | |
| 165,000 | 12.25%, 10/01/2030(1) | 179,018 | |
| 36 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Commercial Banks - 8.9% - (continued) | |||
| $ 200,000 | Intesa Sanpaolo SpA 7.80%, 11/28/2053(1) | $ 214,710 | |
| EUR 200,000 | KBC Group NV 4.25%, 10/24/2025, (4.25% fixed rate until 10/24/2025; 5 yr. EUR Swap + 3.59% thereafter)(5)(7)(8) | 203,425 | |
| 100,000 | Permanent TSB Group Holdings PLC 3.00%, 08/19/2031, (3.00% fixed rate until 05/19/2026; 5 yr. EUR Swap + 3.22% thereafter)(5)(7) | 101,044 | |
| Societe Generale SA | |||
| $ 400,000 | 4.75%, 05/26/2026, (4.75% fixed rate until 05/26/2026; 5 yr. USD CMT + 3.93% thereafter)(1)(7)(8) | 355,306 | |
| 200,000 | 10.00%, 11/14/2028, (10.00% fixed rate until 11/14/2028; 5 yr. USD CMT + 5.45% thereafter)(1)(7)(8) | 209,530 | |
| UBS Group AG | |||
| 200,000 | 4.88%, 02/12/2027, (4.88% fixed rate until 02/12/2027; 5 yr. USD CMT + 3.40% thereafter)(5)(7)(8) | 179,548 | |
| 230,000 | 5.70%, 02/08/2035, (5.70% fixed rate until 02/08/2034; 1 yr. USD CMT + 1.77% thereafter)(1)(7) | 222,938 | |
| 200,000 | 9.25%, 11/13/2033, (9.25% fixed rate until 11/13/2033; 5 yr. USD CMT + 4.76% thereafter)(1)(7)(8) | 219,507 | |
| 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)(5)(7)(8) | 277,617 | |
| 4,856,790 | |||
| Commercial Services - 2.5% | |||
| Block, Inc. | |||
| $ 45,000 | 2.75%, 06/01/2026 | 42,164 | |
| 150,000 | 3.50%, 06/01/2031 | 126,713 | |
| EUR 100,000 | Boels Topholding BV 5.75%, 05/15/2030(1) | 106,929 | |
| 100,000 | Loxam SAS 6.38%, 05/31/2029(1) | 110,353 | |
| 200,000 | PeopleCert Wisdom Issuer PLC 5.75%, 09/15/2026(5) | 212,888 | |
| 175,000 | Q-Park Holding I BV 5.13%, 03/01/2029(1) | 188,054 | |
| $ 250,000 | StoneCo Ltd. 3.95%, 06/16/2028(5) | 214,575 | |
| United Rentals North America, Inc. | |||
| 29,000 | 3.75%, 01/15/2032 | 24,768 | |
| 35,000 | 4.88%, 01/15/2028 | 33,589 | |
| 40,000 | 6.13%, 03/15/2034(1) | 39,072 | |
| EUR 255,000 | Verisure Holding AB 3.25%, 02/15/2027(5) | 261,412 | |
| 1,360,517 | |||
| Construction Materials - 0.5% | |||
| 100,000 | EMRLD Borrower LP/Emerald Co.-Issuer, Inc. 6.38%, 12/15/2030(1) | 111,731 | |
| $ 155,000 | Standard Industries, Inc. 4.75%, 01/15/2028(1) | 146,207 | |
| 257,938 | |||
| Distribution/Wholesale - 0.1% | |||
| 45,000 | Ritchie Bros Holdings, Inc. 7.75%, 03/15/2031(1) | 46,669 | |
| Diversified Financial Services - 1.3% | |||
| 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)(7)(8) | 229,630 | |
| Credit Acceptance Corp. | |||
| 20,000 | 6.63%, 03/15/2026 | 19,939 | |
| 115,000 | 9.25%, 12/15/2028(1) | 121,930 | |
| OneMain Finance Corp. | |||
| 15,000 | 6.88%, 03/15/2025 | 15,103 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Diversified Financial Services - 1.3% - (continued) | |||
| $ 50,000 | 7.88%, 03/15/2030 | $ 51,020 | |
| 250,000 | Unifin Financiera SAB de CV 9.88%, 01/28/2029(5)(9) | 17,375 | |
| 300,000 | United Wholesale Mortgage LLC 5.50%, 04/15/2029(1) | 278,699 | |
| 733,696 | |||
| Electric - 3.1% | |||
| 200,000 | Adani Electricity Mumbai Ltd. 3.95%, 02/12/2030(5) | 165,054 | |
| 400,000 | Adani Green Energy Ltd. 4.38%, 09/08/2024(1) | 395,447 | |
| Clearway Energy Operating LLC | |||
| 180,000 | 3.75%, 01/15/2032(1) | 149,051 | |
| 210,000 | 4.75%, 03/15/2028(1) | 198,004 | |
| 200,000 | Instituto Costarricense de Electricidad 6.75%, 10/07/2031(1) | 198,600 | |
| 200,000 | Investment Energy Resources Ltd. 6.25%, 04/26/2029(5) | 191,500 | |
| 400,000 | Zorlu Yenilenebilir Enerji AS 9.00%, 06/01/2026(5) | 391,120 | |
| 1,688,776 | |||
| Electrical Components & Equipment - 0.3% | |||
| EUR 100,000 | Energizer Gamma Acquisition BV 3.50%, 06/30/2029(5) | 95,194 | |
| $ 100,000 | Energizer Holdings, Inc. 4.38%, 03/31/2029(1) | 88,157 | |
| 183,351 | |||
| Energy-Alternate Sources - 2.3% | |||
| Energo-Pro AS | |||
| 215,000 | 8.50%, 02/04/2027(1) | 215,032 | |
| 200,000 | 11.00%, 11/02/2028(1) | 216,432 | |
| 400,000 | FS Luxembourg SARL 8.88%, 02/12/2031(1) | 380,772 | |
| 182,000 | Greenko Dutch BV 3.85%, 03/29/2026(5) | 169,715 | |
| 275,000 | Greenko Solar Mauritius Ltd. 5.55%, 01/29/2025(1) | 271,219 | |
| 1,253,170 | |||
| Engineering & Construction - 1.0% | |||
| EUR 100,000 | Cellnex Telecom SA 1.75%, 10/23/2030(5) | 92,544 | |
| GBP 100,000 | Heathrow Finance PLC 3.88%, 03/01/2027(4)(5) | 116,836 | |
| IHS Holding Ltd. | |||
| $ 200,000 | 6.25%, 11/29/2028(1) | 172,500 | |
| 200,000 | 6.25%, 11/29/2028(5) | 172,500 | |
| 554,380 | |||
| Entertainment - 0.3% | |||
| Caesars Entertainment, Inc. | |||
| 20,000 | 4.63%, 10/15/2029(1) | 17,847 | |
| 30,000 | 6.50%, 02/15/2032(1) | 29,572 | |
| 30,000 | 8.13%, 07/01/2027(1) | 30,399 | |
| 68,000 | Cinemark USA, Inc. 5.25%, 07/15/2028(1) | 63,157 | |
| 140,975 | |||
| Environmental Control - 0.3% | |||
| 5,000 | Covanta Holding Corp. 4.88%, 12/01/2029(1) | 4,382 | |
| 200,000 | Stericycle, Inc. 3.88%, 01/15/2029(1) | 177,713 | |
| 182,095 | |||
| Food - 0.2% | |||
| GBP 100,000 | Iceland Bondco PLC 10.88%, 12/15/2027(5) | 128,082 | |
| Food Service - 0.5% | |||
| EUR 300,000 | Elior Group SA 3.75%, 07/15/2026(5) | 299,655 | |
| 37 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Forest Products & Paper - 0.4% | |||
| $ 200,000 | Suzano Austria GmbH 7.00%, 03/16/2047(5) | $ 202,107 | |
| Healthcare - Products - 0.8% | |||
| EUR 200,000 | Avantor Funding, Inc. 3.88%, 07/15/2028(5) | 207,434 | |
| $ 80,000 | Bausch & Lomb Corp. 8.38%, 10/01/2028(1)(10) | 82,500 | |
| 180,000 | Medline Borrower LP 3.88%, 04/01/2029(1) | 161,546 | |
| 451,480 | |||
| Healthcare - Services - 0.8% | |||
| CHS/Community Health Systems, Inc. | |||
| 40,000 | 4.75%, 02/15/2031(1) | 31,221 | |
| 5,000 | 8.00%, 03/15/2026(1) | 4,977 | |
| 10,000 | HCA, Inc. 7.50%, 11/15/2095 | 10,694 | |
| EUR 100,000 | IQVIA, Inc. 2.25%, 01/15/2028(1) | 99,199 | |
| $ 200,000 | Rede D'or Finance SARL 4.50%, 01/22/2030(5) | 175,802 | |
| 40,000 | Surgery Center Holdings, Inc. 7.25%, 04/15/2032(1) | 39,898 | |
| 105,000 | Tenet Healthcare Corp. 6.13%, 06/15/2030 | 102,820 | |
| 464,611 | |||
| Insurance - 0.7% | |||
| 30,000 | Acrisure LLC/Acrisure Finance, Inc. 4.25%, 02/15/2029(1) | 26,886 | |
| 45,000 | HUB International Ltd. 7.38%, 01/31/2032(1) | 44,586 | |
| 200,000 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 5.88%, 05/23/2042, (5.88% fixed rate until 11/23/2031; 5 yr. USD CMT + 3.98% thereafter)(1)(7) | 198,250 | |
| EUR 100,000 | Sogecap SA 6.50%, 05/16/2044, (6.50% fixed rate until 11/16/2033; 3 mo. EURIBOR + 4.40% thereafter)(5)(7) | 115,573 | |
| 385,295 | |||
| Internet - 1.5% | |||
| Cerved Group SpA | |||
| 100,000 | 6.00%, 02/15/2029(5) | 99,203 | |
| 205,000 | 9.19%, 02/15/2029, 3 mo. EURIBOR + 5.25%(3)(5) | 210,571 | |
| Gen Digital, Inc. | |||
| $ 30,000 | 6.75%, 09/30/2027(1) | 30,098 | |
| 60,000 | 7.13%, 09/30/2030(1) | 60,667 | |
| 235,000 | Go Daddy Operating Co. LLC/GD Finance Co., Inc. 3.50%, 03/01/2029(1) | 208,399 | |
| 100,000 | Uber Technologies, Inc. 4.50%, 08/15/2029(1) | 93,185 | |
| EUR 100,000 | United Group BV 6.75%, 02/15/2031(1) | 109,439 | |
| 811,562 | |||
| Iron/Steel - 0.1% | |||
| $ 40,000 | ATI, Inc. 7.25%, 08/15/2030 | 40,922 | |
| IT Services - 0.7% | |||
| 213,000 | McAfee Corp. 7.38%, 02/15/2030(1) | 197,339 | |
| 160,000 | Presidio Holdings, Inc. 8.25%, 02/01/2028(1) | 161,789 | |
| 359,128 | |||
| Leisure Time - 0.5% | |||
| Carnival Corp. | |||
| 60,000 | 6.00%, 05/01/2029(1) | 58,140 | |
| 125,000 | 10.50%, 06/01/2030(1) | 135,930 | |
| 80,000 | Royal Caribbean Cruises Ltd. 7.25%, 01/15/2030(1) | 82,300 | |
| 276,370 | |||
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Media - 1.8% | |||
| $ 125,000 | Cable One, Inc. 4.00%, 11/15/2030(1)(11) | $ 95,468 | |
| 20,000 | DISH DBS Corp. 5.75%, 12/01/2028(1) | 13,509 | |
| 120,000 | Scripps Escrow II, Inc. 5.38%, 01/15/2031(1)(10)(11) | 70,801 | |
| 225,000 | Scripps Escrow, Inc. 5.88%, 07/15/2027(1)(10) | 176,936 | |
| 65,000 | Videotron Ltd. 3.63%, 06/15/2029(1) | 57,970 | |
| GBP 100,000 | Virgin Media Secured Finance PLC 4.25%, 01/15/2030(5) | 105,421 | |
| 100,000 | Virgin Media Vendor Financing Notes III DAC 4.88%, 07/15/2028(5) | 111,604 | |
| $ 200,000 | VTR Finance NV 6.38%, 07/15/2028(5) | 141,348 | |
| EUR 210,000 | Ziggo BV 2.88%, 01/15/2030(5) | 197,830 | |
| 970,887 | |||
| Metal Fabricate/Hardware - 0.2% | |||
| Advanced Drainage Systems, Inc. | |||
| $ 100,000 | 5.00%, 09/30/2027(1) | 96,830 | |
| 30,000 | 6.38%, 06/15/2030(1) | 29,768 | |
| 126,598 | |||
| Mining - 1.3% | |||
| 300,000 | Constellium SE 3.75%, 04/15/2029(1) | 265,950 | |
| 120,000 | FMG Resources August 2006 Pty. Ltd. 6.13%, 04/15/2032(1) | 116,323 | |
| 315,000 | WE Soda Investments Holding PLC 9.50%, 10/06/2028(1) | 324,427 | |
| 706,700 | |||
| Multi-National - 0.4% | |||
| BRL 515,000 | European Investment Bank 9.25%, 01/28/2027(5) | 98,954 | |
| MXN 2,160,000 | International Bank for Reconstruction & Development 5.65%, 06/03/2027 | 110,031 | |
| 208,985 | |||
| Packaging & Containers - 1.4% | |||
| EUR 100,000 | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 3.00%, 09/01/2029(5) | 85,635 | |
| GBP 100,000 | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 4.75%, 07/15/2027(5) | 60,729 | |
| $ 100,000 | Clydesdale Acquisition Holdings, Inc. 6.63%, 04/15/2029(1) | 99,728 | |
| 60,000 | Owens-Brockway Glass Container, Inc. 7.25%, 05/15/2031(1) | 59,992 | |
| 200,000 | SAN Miguel Industrias Pet SA/NG PET R&P Latin America SA 3.50%, 08/02/2028(5) | 170,190 | |
| Trivium Packaging Finance BV | |||
| EUR 110,000 | 3.75%, 08/15/2026(5) | 114,458 | |
| $ 200,000 | 8.50%, 08/15/2027(1) | 198,030 | |
| 788,762 | |||
| Pharmaceuticals - 0.8% | |||
| 45,000 | Bausch Health Cos., Inc. 11.00%, 09/30/2028(1) | 34,879 | |
| Prestige Brands, Inc. | |||
| 40,000 | 3.75%, 04/01/2031(1) | 34,037 | |
| 25,000 | 5.13%, 01/15/2028(1) | 24,019 | |
| Teva Pharmaceutical Finance Netherlands II BV | |||
| EUR 200,000 | 3.75%, 05/09/2027 | 207,982 | |
| 120,000 | 4.38%, 05/09/2030 | 122,657 | |
| 423,574 | |||
| Real Estate - 1.9% | |||
| GBP 200,000 | Canary Wharf Group Investment Holdings PLC 3.38%, 04/23/2028(5) | 184,663 | |
| 38 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Real Estate - 1.9% - (continued) | |||
| EUR 100,000 | Castellum AB 3.13%, 12/02/2026, (3.13% fixed rate until 12/02/2026; 5 yr. EUR Swap + 3.45% thereafter)(5)(7)(8) | $ 92,758 | |
| $ 200,000 | CIFI Holdings Group Co. Ltd. 4.38%, 04/12/2027(5)(9) | 16,000 | |
| 400,000 | Country Garden Holdings Co. Ltd. 3.88%, 10/22/2030(5)(9) | 21,384 | |
| EUR 100,000 | Emeria SASU 7.75%, 03/31/2028(1) | 102,942 | |
| $ 200,000 | Fuqing Investment Management Ltd. 3.25%, 06/23/2025(5) | 177,183 | |
| Peach Property Finance GmbH | |||
| EUR 200,000 | 4.38%, 11/15/2025(5) | 183,194 | |
| 100,000 | 4.38%, 11/15/2025(1) | 91,597 | |
| $ 200,000 | Pingan Real Estate Capital Ltd. 3.45%, 07/29/2026(5) | 163,105 | |
| 1,032,826 | |||
| Real Estate Investment Trusts - 1.7% | |||
| EUR 100,000 | alstria office REIT-AG 1.50%, 06/23/2026(5) | 93,581 | |
| Brandywine Operating Partnership LP | |||
| $ 197,000 | 3.95%, 11/15/2027 | 176,299 | |
| 60,000 | 8.05%, 03/15/2028(4) | 61,053 | |
| 80,000 | 8.88%, 04/12/2029 | 81,975 | |
| GBP 55,000 | Hammerson PLC 7.25%, 04/21/2028(5) | 70,511 | |
| $ 100,000 | HAT Holdings I LLC/HAT Holdings II LLC 6.00%, 04/15/2025(1) | 99,437 | |
| Piedmont Operating Partnership LP | |||
| 25,000 | 2.75%, 04/01/2032 | 17,575 | |
| 185,000 | 3.15%, 08/15/2030 | 142,787 | |
| 200,000 | Trust Fibra Uno 6.39%, 01/15/2050(5) | 154,905 | |
| 35,000 | WEA Finance LLC 3.50%, 06/15/2029(1) | 30,554 | |
| 928,677 | |||
| Retail - 1.4% | |||
| GBP 100,000 | B&M European Value Retail SA 4.00%, 11/15/2028(5) | 115,298 | |
| $ 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)(5)(7)(8) | 194,720 | |
| 83,000 | LBM Acquisition LLC 6.25%, 01/15/2029(1) | 76,210 | |
| 120,000 | Michaels Cos., Inc. 5.25%, 05/01/2028(1) | 101,608 | |
| 130,000 | Specialty Building Products Holdings LLC/SBP Finance Corp. 6.38%, 09/30/2026(1) | 128,610 | |
| 199,000 | Yum! Brands, Inc. 3.63%, 03/15/2031 | 171,956 | |
| 788,402 | |||
| Software - 1.2% | |||
| 262,000 | AthenaHealth Group, Inc. 6.50%, 02/15/2030(1) | 235,878 | |
| 120,000 | Dun & Bradstreet Corp. 5.00%, 12/15/2029(1) | 109,312 | |
| Open Text Corp. | |||
| 165,000 | 3.88%, 02/15/2028(1) | 150,818 | |
| 15,000 | 3.88%, 12/01/2029(1) | 13,130 | |
| 70,000 | Open Text Holdings, Inc. 4.13%, 12/01/2031(1) | 60,003 | |
| 80,000 | UKG, Inc. 6.88%, 02/01/2031(1) | 80,305 | |
| 649,446 | |||
| Telecommunications - 2.3% | |||
| Altice France SA | |||
| EUR 100,000 | 4.13%, 01/15/2029(5) | 69,377 | |
| 100,000 | 5.88%, 02/01/2027(5) | 77,253 | |
| $ 200,000 | Axian Telecom 7.38%, 02/16/2027(1) | 193,340 | |
| EUR 200,000 | Eolo SpA 4.88%, 10/21/2028(5) | 185,248 | |
| 125,000 | Eutelsat SA 9.75%, 04/13/2029(1) | 135,669 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 44.9% - (continued) | |||
| Telecommunications - 2.3% - (continued) | |||
| Frontier Communications Holdings LLC | |||
| $ 80,000 | 5.00%, 05/01/2028(1) | $ 73,525 | |
| 95,000 | 5.88%, 10/15/2027(1) | 90,998 | |
| 20,000 | 6.75%, 05/01/2029(1) | 17,589 | |
| 200,000 | Liquid Telecommunications Financing PLC 5.50%, 09/04/2026(5) | 117,000 | |
| 180,000 | Millicom International Cellular SA 6.25%, 03/25/2029(5) | 169,321 | |
| Telecom Italia Capital SA | |||
| 95,000 | 7.20%, 07/18/2036 | 85,954 | |
| 22,000 | 7.72%, 06/04/2038 | 20,453 | |
| 1,235,727 | |||
| Transportation - 0.4% | |||
| 230,000 | Rumo Luxembourg SARL 5.25%, 01/10/2028(5) | 218,615 | |
| Water - 1.1% | |||
| Aegea Finance SARL | |||
| 400,000 | 6.75%, 05/20/2029(1) | 386,970 | |
| 200,000 | 6.75%, 05/20/2029(5) | 193,485 | |
| 580,455 | |||
| Total Corporate Bonds (cost $25,772,959) | $ 24,617,324 | ||
| FOREIGN GOVERNMENT OBLIGATIONS - 5.6% | |||
| Chile - 0.2% | |||
| CLP 130,000,000 | Bonos de la Tesoreria de la Republica en pesos 4.70%, 09/01/2030(5) | $ 126,322 | |
| Colombia - 1.0% | |||
| Colombia Government International Bonds | |||
| EUR 100,000 | 3.88%, 03/22/2026 | 105,345 | |
| $ 440,000 | 5.00%, 06/15/2045 | 303,017 | |
| COP 580,100,000 | Colombia TES 7.00%, 06/30/2032 | 121,207 | |
| 529,569 | |||
| Czech Republic - 0.2% | |||
| CZK 3,110,000 | Czech Republic Government Bonds 2.50%, 08/25/2028(5) | 123,066 | |
| Gabon - 0.4% | |||
| $ 200,000 | Gabon Government International Bonds 6.95%, 06/16/2025(5) | 192,180 | |
| Hungary - 0.2% | |||
| HUF 54,210,000 | Hungary Government Bonds 3.00%, 08/21/2030 | 117,508 | |
| Israel - 0.3% | |||
| $ 200,000 | Israel Government International Bonds 5.75%, 03/12/2054 | 180,322 | |
| Ivory Coast - 0.5% | |||
| Ivory Coast Government International Bonds | |||
| EUR 100,000 | 4.88%, 01/30/2032(5) | 89,069 | |
| 200,000 | 5.88%, 10/17/2031(5) | 192,867 | |
| 281,936 | |||
| Mexico - 0.1% | |||
| 100,000 | Mexico Government International Bonds 2.13%, 10/25/2051 | 61,256 | |
| 39 |
| Shares or Principal Amount | Market Value† | ||
| FOREIGN GOVERNMENT OBLIGATIONS - 5.6% - (continued) | |||
| North Macedonia - 0.4% | |||
| North Macedonia Government International Bonds | |||
| EUR 100,000 | 3.68%, 06/03/2026(1) | $ 103,830 | |
| 100,000 | 3.68%, 06/03/2026(5) | 103,830 | |
| 207,660 | |||
| Peru - 0.4% | |||
| $ 225,000 | Fondo MIVIVIENDA SA 4.63%, 04/12/2027(1) | 217,620 | |
| Poland - 0.2% | |||
| PLN 570,000 | Republic of Poland Government Bonds 3.75%, 05/25/2027 | 134,409 | |
| Romania - 0.5% | |||
| Romania Government International Bonds | |||
| EUR 80,000 | 2.12%, 07/16/2031(5) | 68,779 | |
| 89,000 | 2.88%, 04/13/2042(5) | 62,410 | |
| 115,000 | 5.38%, 03/22/2031(1) | 122,202 | |
| 253,391 | |||
| Senegal - 0.1% | |||
| 100,000 | Senegal Government International Bonds 5.38%, 06/08/2037(1) | 78,950 | |
| South Africa - 0.2% | |||
| ZAR 2,755,000 | Republic of South Africa Government Bonds 8.00%, 01/31/2030 | 129,671 | |
| Supranational - 0.6% | |||
| INR 8,800,000 | Asian Development Bank 6.20%, 10/06/2026 | 103,299 | |
| CNY 810,000 | European Bank for Reconstruction & Development 2.00%, 01/21/2025 | 111,063 | |
| IDR 1,670,000,000 | European Investment Bank 5.75%, 01/24/2025(5) | 101,833 | |
| 316,195 | |||
| Uruguay - 0.3% | |||
| Uruguay Government International Bonds | |||
| UYU 2,867,189 | 4.38%, 12/15/2028(12) | 78,838 | |
| 1,427,107 | 4.38%, 12/15/2028(12) | 39,240 | |
| 885,000 | 8.50%, 03/15/2028(5) | 22,575 | |
| 140,653 | |||
| Total Foreign Government Obligations (cost $3,502,277) | $ 3,090,708 | ||
| SENIOR FLOATING RATE INTERESTS - 11.7%(13) | |||
| Commercial Services - 1.6% | |||
| $ 218,642 | APX Group, Inc. 8.08%, 07/10/2028, U.S. (Fed) Prime Rate + 1.75% | $ 218,642 | |
| EUR 250,000 | Techem Verwaltungsgesellschaft 675 GmbH 0.00%, 07/15/2029, 3 mo. EURIBOR + 3.75%(14) | 266,783 | |
| $ 192,663 | Trans Union LLC 7.17%, 11/16/2026, 1 mo. USD Term SOFR + 1.75% | 192,760 | |
| EUR 200,000 | Verisure Holding AB 6.90%, 03/27/2028, 3 mo. EURIBOR + 3.00% | 213,048 | |
| 891,233 | |||
| Construction Materials - 0.2% | |||
| $ 80,642 | Emerald Borrower LP 7.82%, 05/31/2030, 1 mo. USD Term SOFR + 2.50% | 80,880 | |
| Distribution/Wholesale - 0.4% | |||
| 194,662 | American Builders & Contractors Supply Co., Inc. 7.32%, 01/31/2031, 1 mo. USD Term SOFR + 2.00% | 195,082 | |
| Shares or Principal Amount | Market Value† | ||
| SENIOR FLOATING RATE INTERESTS - 11.7%(13) - (continued) | |||
| Environmental Control - 0.7% | |||
| $ 394,990 | Clean Harbors, Inc. 7.18%, 10/08/2028, 1 mo. USD Term SOFR + 1.75% | $ 395,977 | |
| Food - 0.2% | |||
| 104,217 | U.S. Foods, Inc. 7.32%, 11/22/2028, 1 mo. USD Term SOFR + 2.00% | 104,608 | |
| Healthcare - Products - 1.1% | |||
| 97,057 | Avantor Funding, Inc. 7.42%, 11/08/2027, 1 mo. USD Term SOFR + 2.00% | 97,284 | |
| 99,500 | Bausch & Lomb Corp. 9.32%, 09/29/2028, 1 mo. USD Term SOFR + 4.00% | 99,687 | |
| 197,965 | Insulet Corp. 8.32%, 05/04/2028, 1 mo. USD Term SOFR + 3.00% | 198,459 | |
| 179,434 | Medline Borrower LP 8.07%, 10/23/2028, 1 mo. USD Term SOFR + 2.75% | 179,831 | |
| 575,261 | |||
| Healthcare - Services - 0.3% | |||
| 145,865 | Catalent Pharma Solutions, Inc. 7.43%, 02/22/2028, 1 mo. USD Term SOFR + 2.00% | 145,652 | |
| Home Builders - 0.2% | |||
| 112,708 | Installed Building Products, Inc. 7.32%, 03/28/2031, 1 mo. USD Term SOFR + 2.00% | 112,780 | |
| Insurance - 0.8% | |||
| 198,496 | Asurion LLC 9.67%, 08/19/2028, 1 mo. USD Term SOFR + 4.25% | 193,317 | |
| 232,596 | HUB International Ltd. 8.57%, 06/20/2030, 3 mo. USD Term SOFR + 3.25% | 233,750 | |
| 427,067 | |||
| Internet - 0.6% | |||
| 168,456 | Go Daddy Operating Co. LLC 7.32%, 11/09/2029, 1 mo. USD Term SOFR + 2.00% | 168,449 | |
| 171,062 | Proofpoint, Inc. 8.68%, 08/31/2028, 1 mo. USD Term SOFR + 3.25% | 171,757 | |
| 340,206 | |||
| IT Services - 0.3% | |||
| 169,155 | Surf Holdings LLC 8.93%, 03/05/2027, 1 mo. USD Term SOFR + 3.50% | 169,406 | |
| Leisure Time - 0.4% | |||
| 193,767 | Hayward Industries, Inc. 8.18%, 05/30/2028, 1 mo. USD Term SOFR + 2.75% | 193,767 | |
| Machinery-Diversified - 0.4% | |||
| 193,564 | Gardner Denver, Inc. 7.17%, 03/01/2027, 1 mo. USD Term SOFR + 1.75% | 193,853 | |
| Packaging & Containers - 1.1% | |||
| 314,400 | Clydesdale Acquisition Holdings, Inc. 9.09%, 04/13/2029, 1 mo. USD Term SOFR + 3.68% | 315,579 | |
| 295,265 | Proampac PG Borrower LLC 9.33%, 09/15/2028, 1 mo. USD Term SOFR + 3.00% | 296,986 | |
| 612,565 | |||
| Pharmaceuticals - 1.2% | |||
| EUR 233,655 | Grifols SA 6.15%, 11/15/2027, 3 mo. EURIBOR + 2.25% | 239,919 | |
| 40 |
| Shares or Principal Amount | Market Value† | ||
| SENIOR FLOATING RATE INTERESTS - 11.7%(13) - (continued) | |||
| Pharmaceuticals - 1.2% - (continued) | |||
| EUR 290,000 | IVC Acquisition Ltd. 9.07%, 12/12/2028, 3 mo. EURIBOR + 5.00% | $ 307,047 | |
| $ 136,482 | Packaging Coordinators Midco, Inc. 9.07%, 11/30/2027, 3 mo. USD Term SOFR + 3.50% | 136,866 | |
| 683,832 | |||
| Retail - 0.4% | |||
| 243,120 | LBM Acquisition LLC 9.17%, 12/17/2027, 1 mo. USD Term SOFR + 3.75% | 243,222 | |
| Semiconductors - 0.4% | |||
| 192,117 | MKS Instruments, Inc. 7.82%, 08/17/2029, 1 mo. USD Term SOFR + 2.50% | 192,238 | |
| Software - 1.1% | |||
| 200,000 | DCert Buyer, Inc. 12.32%, 02/19/2029, 1 mo. USD Term SOFR + 7.00% | 179,376 | |
| 152,287 | McAfee LLC 9.18%, 03/01/2029, 1 mo. USD Term SOFR + 3.75% | 152,309 | |
| 99,750 | Severin Acquisition LLC 8.33%, 08/01/2027, 3 mo. USD Term SOFR + 3.00% | 99,963 | |
| 194,483 | Zelis Payments Buyer, Inc. 8.07%, 09/28/2029, 1 mo. USD Term SOFR + 2.75% | 194,656 | |
| 626,304 | |||
| Telecommunications - 0.0% | |||
| 141,131 | Xplornet Communications, Inc. 9.57%, 10/02/2028, 3 mo. USD Term SOFR + 4.00% | 23,522 | |
| Transportation - 0.3% | |||
| 186,073 | First Student Bidco, Inc. 8.56%, 07/21/2028, 3 mo. USD Term SOFR + 3.00% | 186,160 | |
| Total Senior Floating Rate Interests (cost $6,565,733) | $ 6,393,615 | ||
| U.S. GOVERNMENT AGENCIES - 9.7% | |||
| Mortgage-Backed Agencies - 9.7% | |||
| Federal Home Loan Mortgage Corp. - 2.1% | |||
| 316,390 | 5.00%, 09/01/2052 | $ 299,957 | |
| 55,000 | 8.73%, 10/25/2041, 30 day USD SOFR Average + 3.40%(1)(3) | 56,744 | |
| 90,000 | 9.08%, 02/25/2042, 30 day USD SOFR Average + 3.75%(1)(3) | 94,476 | |
| 115,000 | 10.58%, 03/25/2042, 30 day USD SOFR Average + 5.25%(1)(3) | 124,416 | |
| 25,000 | 10.83%, 05/25/2043, 30 day USD SOFR Average + 5.50%(1)(3) | 27,612 | |
| 150,000 | 11.08%, 09/25/2042, 30 day USD SOFR Average + 5.75%(1)(3) | 167,920 | |
| 175,000 | 13.04%, 03/25/2050, 30 day USD SOFR Average + 7.71%(1)(3) | 205,729 | |
| 180,000 | 13.13%, 11/25/2041, 30 day USD SOFR Average + 7.80%(1)(3) | 195,421 | |
| 1,172,275 | |||
| Federal National Mortgage Association - 0.5% | |||
| 312,943 | 5.00%, 09/01/2052 | 296,762 | |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 9.7% - (continued) | |||
| Mortgage-Backed Agencies - 9.7% - (continued) | |||
| Uniform Mortgage-Backed Security - 7.1% | |||
| $ 2,410,000 | 4.50%, 05/01/2054(15) | $ 2,222,846 | |
| 1,675,000 | 6.00%, 05/01/2054(15) | 1,659,432 | |
| 3,882,278 | |||
| Total U.S. Government Agencies (cost $5,419,129) | $ 5,351,315 | ||
| U.S. GOVERNMENT SECURITIES - 18.4% | |||
| U.S. Treasury Securities - 18.4% | |||
| U.S. Treasury Bonds - 7.7% | |||
| 390,000 | 2.25%, 08/15/2046 | $ 249,844 | |
| 1,690,000 | 2.50%, 05/15/2046(16) | 1,141,608 | |
| 1,925,000 | 3.38%, 11/15/2048 | 1,505,635 | |
| 470,000 | 3.63%, 08/15/2043 | 393,919 | |
| 525,000 | 3.63%, 05/15/2053 | 428,634 | |
| 575,000 | 3.88%, 02/15/2043 | 501,867 | |
| 4,221,507 | |||
| U.S. Treasury Inflation-Indexed Bonds - 1.4% | |||
| 748,216 | 0.25%, 02/15/2050(12) | 437,378 | |
| 101,212 | 0.63%, 02/15/2043(12) | 73,606 | |
| 223,987 | 0.75%, 02/15/2045(12) | 162,135 | |
| 79,875 | 1.38%, 02/15/2044(12) | 66,453 | |
| 739,572 | |||
| U.S. Treasury Notes - 9.3% | |||
| 1,940,000 | 1.88%, 02/15/2032(17) | 1,585,041 | |
| 320,000 | 2.88%, 05/15/2032 | 281,088 | |
| 2,065,000 | 3.50%, 02/15/2033 | 1,887,942 | |
| 650,000 | 3.88%, 11/30/2027 | 629,510 | |
| 750,000 | 4.13%, 07/31/2028 | 731,191 | |
| 5,114,772 | |||
| Total U.S. Government Securities (cost $11,274,156) | $ 10,075,851 | ||
| COMMON STOCKS - 0.0% | |||
| Automobiles & Components - 0.0% | |||
| 83 | Aptiv PLC* | $ 5,893 | |
| Health Care Equipment & Services - 0.0% | |||
| 17 | Becton Dickinson & Co. | 3,988 | |
| Total Common Stocks (cost $12,867) | $ 9,881 | ||
| PREFERRED STOCKS - 0.1% | |||
| Utilities - 0.1% | |||
| 1,049 | NextEra Energy, Inc. (Preference Shares), 6.93% | $ 42,747 | |
| Total Preferred Stocks (cost $51,139) | $ 42,747 | ||
| Total Long-Term Investments (cost $60,109,834) | $ 56,972,458 | ||
| SHORT-TERM INVESTMENTS - 0.6% | |||
| Repurchase Agreements - 0.3% | |||
| 175,663 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $175,689; collateralized by U.S. Treasury Note at 2.38%, maturing 05/15/2029, with a market value of $179,311 | $ 175,663 | |
| 41 |
| Shares or Principal Amount | Market Value† | ||
| SHORT-TERM INVESTMENTS - 0.6% - (continued) | |||
| Securities Lending Collateral - 0.3% | |||
| 25,825 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.22%(18) | $ 25,825 | |
| 86,081 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.23%(18) | 86,081 | |
| 25,824 | Invesco Government & Agency Portfolio, Institutional Class, 5.23%(18) | 25,824 | |
| 25,824 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.23%(18) | 25,824 | |
| 163,554 | |||
| Total Short-Term Investments (cost $339,217) | $ 339,217 | ||
| Total Investments (cost $60,449,051) | 104.5% | $ 57,311,675 | |
| Other Assets and Liabilities | (4.5)% | (2,462,839) | |
| Total Net Assets | 100.0% | $ 54,848,836 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| Equity industry classifications used in this report are the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI, Inc. and Standard & Poor’s. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| * | 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 April 30, 2024, the aggregate value of these securities was $18,939,975, representing 34.5% of net assets. |
| (2) | 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. |
| (3) | Variable rate securities; the rate reported is the coupon rate in effect at April 30, 2024. Base lending rates may be subject to a floor or cap. |
| (4) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
| (5) | 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 April 30, 2024, the aggregate value of these securities was $11,975,696, representing 21.8% of net assets. |
| (6) | Security is a zero-coupon bond. |
| (7) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at April 30, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
| (8) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| (9) | Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. |
| (10) | Share amount represents shares of the issuer previously held that resulted in receipt of the escrow. |
| (11) | Represents entire or partial securities on loan. |
| (12) | The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount. |
| (13) | 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 April 30, 2024. |
| (14) | Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement. |
| (15) | Represents or includes a TBA transaction. |
| (16) | All, or a portion of the security, was pledged as collateral in connection with OTC swap contracts. As of April 30, 2024, the market value of securities pledged was $716,038. |
| (17) | All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of April 30, 2024, the market value of securities pledged was $612,773. |
| (18) | Current yield as of period end. |
| Futures Contracts Outstanding at April 30, 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 | 46 | 06/28/2024 | $ 9,322,188 | $ (22,942) | ||||
| U.S. Treasury 5-Year Note Future | 45 | 06/28/2024 | 4,713,398 | (87,886) | ||||
| U.S. Treasury 10-Year Note Future | 94 | 06/18/2024 | 10,099,125 | (266,365) | ||||
| 42 |
| Futures Contracts Outstanding at April 30, 2024 – (continued) | ||||||||
| Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
| Long position contracts – (continued): | ||||||||
| U.S. Treasury 10-Year Ultra Future | 11 | 06/18/2024 | $ 1,212,406 | $ (25,618) | ||||
| Total | $ (402,811) | |||||||
| Short position contracts: | ||||||||
| Euro BUXL 30-Year Bond Future | 1 | 06/06/2024 | $ 137,848 | $ 4,319 | ||||
| Euro-BOBL Future | 31 | 06/06/2024 | 3,859,276 | 44,186 | ||||
| Euro-BUND Future | 23 | 06/06/2024 | 3,199,025 | 42,205 | ||||
| Euro-Schatz Future | 6 | 06/06/2024 | 674,333 | 3,668 | ||||
| Long Gilt Future | 13 | 06/26/2024 | 1,559,103 | 46,404 | ||||
| U.S. Treasury Long Bond Future | 3 | 06/18/2024 | 341,437 | 15,792 | ||||
| U.S. Treasury Ultra Bond Future | 2 | 06/18/2024 | 239,125 | 903 | ||||
| Total | $ 157,477 | |||||||
| Total futures contracts | $ (245,334) | |||||||
| OTC Credit Default Swap Contracts Outstanding at April 30, 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 | $ — | $ (56,243) | $ (55,343) | $ 900 | |||||||||
| CMBX.NA.BBB-.16 | MSC | USD | 80,000 | 3.00% | 04/17/2065 | Monthly | — | (13,835) | (13,416) | 419 | |||||||||
| CMBX.NA.BBB-.16 | CBK | USD | 80,000 | 3.00% | 04/17/2065 | Monthly | — | (12,459) | (13,443) | (984) | |||||||||
| CMBX.NA.BBB-.16 | MSC | USD | 65,000 | 3.00% | 04/17/2065 | Monthly | — | (9,768) | (10,923) | (1,155) | |||||||||
| CMBX.NA.BBB-.16 | MSC | USD | 70,000 | 3.00% | 04/17/2065 | Monthly | — | (10,517) | (11,763) | (1,246) | |||||||||
| CMBX.NA.BBB-.16 | MSC | USD | 65,000 | 3.00% | 04/17/2065 | Monthly | — | (9,646) | (10,923) | (1,277) | |||||||||
| Total OTC credit default swap contracts | $ — | $ (112,468) | $ (115,811) | $ (3,343) | |||||||||||||||
| (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 April 30, 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: | |||||||||||||||||
| Sell protection: | |||||||||||||||||
| ITRAXX-XOVER S40.V1 | EUR | 1,585,000 | 5.00% | 12/20/2028 | Quarterly | $ 69,518 | $ — | $ 124,754 | $ 55,236 | ||||||||
| Total centrally cleared credit default swap contracts | $ 69,518 | $ — | $ 124,754 | $ 55,236 | |||||||||||||
| (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 Interest Rate Swap Contracts Outstanding at April 30, 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 | $ 869 | $ — | $ 51,575 | $ 50,706 | ||||||||
| 2.88% Fixed | 12 Mo. USD SOFR | USD | 190,000 | 03/15/2053 | Annual | 2,126 | — | 37,868 | 35,742 | ||||||||
| 3.25% Fixed | 12 Mo. USD SOFR | USD | 125,000 | 06/21/2053 | Annual | — | (1,271) | 19,006 | 20,277 | ||||||||
| 3.59% Fixed | 12 Mo. USD SOFR | USD | 390,000 | 09/20/2053 | Annual | 1,724 | — | 34,174 | 32,450 | ||||||||
| Total centrally cleared interest rate swaps contracts | $ 4,719 | $ (1,271) | $ 142,623 | $ 139,175 | |||||||||||||
| 43 |
| Foreign Currency Contracts Outstanding at April 30, 2024 | ||||||||||
| Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Counterparty | Settlement Date | Appreciation/ (Depreciation) | ||||||
| 20,000 | AUD | 13,171 | USD | HSBC | 06/20/2024 | $ (164) | ||||
| 4,000 | EUR | 4,282 | USD | BNP | 05/31/2024 | 1 | ||||
| 21,000 | EUR | 22,473 | USD | CAG | 06/18/2024 | 27 | ||||
| 335,000 | EUR | 364,016 | USD | BNP | 06/18/2024 | (5,089) | ||||
| 17,000 | EUR | 18,590 | USD | ANZ | 06/20/2024 | (374) | ||||
| 18,000 | GBP | 22,542 | USD | GSC | 05/31/2024 | 1 | ||||
| 17,000 | GBP | 21,658 | USD | TDB | 06/20/2024 | (366) | ||||
| 4,100,000 | JPY | 27,865 | USD | SCB | 06/18/2024 | (1,616) | ||||
| 59,100,000 | KZT | 129,719 | USD | BOA | 06/20/2024 | 2,407 | ||||
| 189,226 | USD | 285,000 | AUD | MSC | 06/20/2024 | 3,880 | ||||
| 2,190 | USD | 3,000 | CAD | BNP | 05/31/2024 | 6 | ||||
| 181,989 | USD | 245,000 | CAD | CBK | 06/20/2024 | 3,506 | ||||
| 107,430 | USD | 100,000 | EUR | MSC | 05/31/2024 | 373 | ||||
| 6,982,186 | USD | 6,527,300 | EUR | BNP | 05/31/2024 | (5,752) | ||||
| 111,711 | USD | 102,000 | EUR | DEUT | 06/18/2024 | 2,426 | ||||
| 98,396 | USD | 90,000 | EUR | CIBC | 06/18/2024 | 1,967 | ||||
| 135,317 | USD | 125,000 | EUR | MSC | 06/18/2024 | 1,388 | ||||
| 95,438 | USD | 88,000 | EUR | BMO | 06/18/2024 | 1,152 | ||||
| 100,292 | USD | 94,000 | EUR | UBS | 06/18/2024 | (422) | ||||
| 2,835,461 | USD | 2,576,000 | EUR | BNP | 06/20/2024 | 75,226 | ||||
| 45,910 | USD | 42,000 | EUR | HSBC | 06/20/2024 | 906 | ||||
| 1,120,742 | USD | 901,600 | GBP | BCLY | 05/31/2024 | (8,384) | ||||
| 457,589 | USD | 355,000 | GBP | MSC | 06/20/2024 | 12,956 | ||||
| 378,601 | USD | 55,700,000 | JPY | MSC | 06/18/2024 | 21,993 | ||||
| Total foreign currency contracts | $ 106,048 | |||||||||
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Asset & Commercial Mortgage-Backed Securities | $ 5,429,682 | $ — | $ 5,429,682 | $ — | ||||
| Convertible Bonds | 1,961,335 | — | 1,961,335 | — | ||||
| Corporate Bonds | 24,617,324 | — | 24,617,324 | — | ||||
| Foreign Government Obligations | 3,090,708 | — | 3,090,708 | — | ||||
| Senior Floating Rate Interests | 6,393,615 | — | 6,393,615 | — | ||||
| U.S. Government Agencies | 5,351,315 | — | 5,351,315 | — | ||||
| U.S. Government Securities | 10,075,851 | — | 10,075,851 | — | ||||
| Common Stocks | ||||||||
| Automobiles & Components | 5,893 | 5,893 | — | — | ||||
| Health Care Equipment & Services | 3,988 | 3,988 | — | — | ||||
| Preferred Stocks | 42,747 | 42,747 | — | — | ||||
| Short-Term Investments | 339,217 | 163,554 | 175,663 | — | ||||
| Foreign Currency Contracts(2) | 128,215 | — | 128,215 | — | ||||
| Futures Contracts(2) | 157,477 | 157,477 | — | — | ||||
| Swaps - Credit Default(2) | 56,555 | — | 56,555 | — | ||||
| Swaps - Interest Rate(2) | 139,175 | — | 139,175 | — | ||||
| Total | $ 57,793,097 | $ 373,659 | $ 57,419,438 | $ — | ||||
| Liabilities | ||||||||
| Foreign Currency Contracts(2) | $ (22,167) | $ — | $ (22,167) | $ — | ||||
| Futures Contracts(2) | (402,811) | (402,811) | — | — | ||||
| Swaps - Credit Default(2) | (4,662) | — | (4,662) | — | ||||
| Total | $ (429,640) | $ (402,811) | $ (26,829) | $ — |
| (1) | For the period ended April 30, 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. |
| 44 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% | |||
| Asset-Backed - Automobile - 2.9% | |||
| $ 875,000 | American Credit Acceptance Receivables Trust 6.09%, 11/12/2027(1) | $ 875,062 | |
| 1,333,092 | ARI Fleet Lease Trust 5.41%, 02/17/2032(1) | 1,328,677 | |
| Avis Budget Rental Car Funding AESOP LLC | |||
| 1,535,000 | 5.36%, 06/20/2030(1) | 1,508,809 | |
| 540,000 | 5.58%, 12/20/2030(1) | 527,317 | |
| 1,065,000 | 5.90%, 08/21/2028(1) | 1,067,945 | |
| Bridgecrest Lending Auto Securitization Trust | |||
| 1,565,000 | 5.43%, 08/15/2028 | 1,553,691 | |
| 1,400,000 | 6.80%, 08/15/2029 | 1,417,808 | |
| 1,188,455 | Chesapeake Funding II LLC 5.65%, 05/15/2035(1) | 1,185,601 | |
| 955,000 | Citizens Auto Receivables Trust 5.03%, 10/15/2030(1) | 942,212 | |
| 1,217,902 | CPS Auto Receivables Trust 5.91%, 08/16/2027(1) | 1,218,195 | |
| 1,250,000 | Credit Acceptance Auto Loan Trust 5.68%, 03/15/2034(1) | 1,243,032 | |
| DT Auto Owner Trust | |||
| 1,725,000 | 5.19%, 10/16/2028(1) | 1,712,306 | |
| 660,000 | 5.41%, 02/15/2029(1) | 655,316 | |
| 1,065,000 | 6.07%, 03/15/2028(1) | 1,065,436 | |
| Enterprise Fleet Financing LLC | |||
| 500,000 | 5.16%, 09/20/2030(1) | 492,029 | |
| 885,000 | 5.42%, 10/22/2029(1) | 876,748 | |
| Exeter Automobile Receivables Trust | |||
| 463,646 | 4.57%, 01/15/2027 | 462,485 | |
| 860,000 | 5.72%, 04/15/2027 | 858,910 | |
| 362,000 | 6.03%, 08/16/2027 | 361,959 | |
| 401,000 | 6.11%, 09/15/2027 | 401,122 | |
| Flagship Credit Auto Trust | |||
| 310,000 | 5.05%, 01/18/2028(1) | 305,177 | |
| 830,000 | 5.21%, 05/15/2028(1) | 813,924 | |
| 958,000 | 5.64%, 07/16/2029(1) | 950,388 | |
| 195,000 | GLS Auto Receivables Issuer Trust 4.92%, 01/15/2027(1) | 193,765 | |
| 455,000 | GM Financial Consumer Automobile Receivables Trust 5.16%, 08/16/2029 | 449,103 | |
| 2,705,000 | Hertz Vehicle Financing III LLC 5.94%, 02/25/2028(1) | 2,692,819 | |
| 1,650,000 | Hyundai Auto Lease Securitization Trust 5.35%, 05/15/2028(1) | 1,634,606 | |
| 1,830,000 | OneMain Direct Auto Receivables Trust 5.41%, 11/14/2029(1) | 1,815,834 | |
| Prestige Auto Receivables Trust | |||
| 1,440,000 | 5.71%, 05/15/2028(1) | 1,433,666 | |
| 1,365,000 | 6.55%, 07/17/2028(1) | 1,368,484 | |
| 250,000 | Santander Bank Auto Credit-Linked Notes 5.64%, 12/15/2033(1) | 248,451 | |
| Santander Drive Auto Receivables Trust | |||
| 650,000 | 4.98%, 02/15/2028 | 644,447 | |
| 965,000 | 5.24%, 05/15/2028 | 956,884 | |
| 1,310,000 | 5.61%, 07/17/2028 | 1,304,058 | |
| 1,400,000 | 5.77%, 12/15/2028 | 1,411,876 | |
| 450,000 | 5.98%, 04/16/2029 | 452,155 | |
| 935,000 | SBNA Auto Lease Trust 5.24%, 01/22/2029(1) | 928,185 | |
| SFS Auto Receivables Securitization Trust | |||
| 360,000 | 5.38%, 01/21/2031(1) | 355,486 | |
| 625,000 | 5.71%, 01/22/2030(1) | 625,225 | |
| Tricolor Auto Securitization Trust | |||
| 178,275 | 6.48%, 08/17/2026(1) | 178,280 | |
| 1,093,980 | 6.61%, 10/15/2027(1) | 1,095,267 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Asset-Backed - Automobile - 2.9% - (continued) | |||
| Westlake Automobile Receivables Trust | |||
| $ 339,086 | 1.65%, 02/17/2026(1) | $ 336,199 | |
| 1,180,000 | 4.31%, 09/15/2027(1) | 1,170,876 | |
| 355,000 | 5.41%, 01/18/2028(1) | 353,378 | |
| 2,070,000 | Wheels Fleet Lease Funding 1 LLC 6.46%, 08/18/2038(1) | 2,082,625 | |
| 595,000 | World Omni Auto Receivables Trust 5.03%, 05/15/2029 | 585,309 | |
| 44,141,127 | |||
| Asset-Backed - Manufactured Housing - 0.0% | |||
| 417,734 | Cascade MH Asset Trust 1.75%, 02/25/2046(1) | 354,623 | |
| Asset-Backed - Student Loan - 0.2% | |||
| Navient Private Education Refi Loan Trust | |||
| 531,099 | 0.97%, 12/16/2069(1) | 453,685 | |
| 1,004,793 | 1.11%, 02/18/2070(1) | 844,746 | |
| 1,266,045 | 5.51%, 10/15/2071(1) | 1,254,264 | |
| 2,552,695 | |||
| Commercial Mortgage-Backed Securities - 3.4% | |||
| 965,000 | BAMLL Commercial Mortgage Securities Trust 3.11%, 11/05/2032(1) | 878,163 | |
| BBCMS Mortgage Trust | |||
| 6,356,492 | 1.87%, 02/15/2057(2)(3) | 677,831 | |
| 530,000 | 3.66%, 04/15/2055(3) | 461,830 | |
| Benchmark Mortgage Trust | |||
| 12,512,107 | 0.56%, 01/15/2055(1)(2)(3) | 238,984 | |
| 18,747,829 | 0.61%, 07/15/2051(2)(3) | 257,402 | |
| 8,024,242 | 0.66%, 01/15/2051(2)(3) | 120,182 | |
| 12,470,643 | 0.72%, 07/15/2056(2)(3) | 497,121 | |
| 7,449,651 | 1.39%, 03/15/2062(2)(3) | 365,481 | |
| 4,367,179 | 1.41%, 12/15/2056(2)(3) | 282,941 | |
| 3,632,837 | 1.62%, 01/15/2054(2)(3) | 272,771 | |
| 1,797,861 | 1.91%, 07/15/2053(2)(3) | 109,036 | |
| 2,200,000 | 3.88%, 02/15/2051(3) | 2,023,037 | |
| BPR Trust | |||
| 3,055,000 | 7.89%, 11/05/2028(1)(3) | 3,092,844 | |
| 1,180,000 | 8.55%, 08/15/2039, 1 mo. USD Term SOFR + 3.23%(1)(4) | 1,182,950 | |
| BX Trust | |||
| 580,000 | 7.39%, 05/15/2035, 1 mo. USD Term SOFR + 2.07%(1)(4) | 575,650 | |
| 2,565,867 | 7.77%, 08/15/2039, 1 mo. USD Term SOFR + 2.45%(1)(4) | 2,577,021 | |
| 273,000 | 8.36%, 03/15/2041, 1 mo. USD Term SOFR + 3.04%(1)(4) | 272,829 | |
| 785,000 | CAMB Commercial Mortgage Trust 8.17%, 12/15/2037, 1 mo. USD Term SOFR + 2.85%(1)(4) | 778,622 | |
| 1,527,000 | CD Mortgage Trust 3.63%, 02/10/2050 | 1,396,016 | |
| Citigroup Commercial Mortgage Trust | |||
| 674,533 | 3.62%, 07/10/2047 | 672,209 | |
| 766,000 | 4.20%, 11/15/2049(3) | 626,903 | |
| Commercial Mortgage Trust | |||
| 389,000 | 2.82%, 01/10/2039(1) | 349,496 | |
| 700,000 | 3.18%, 02/10/2035(1) | 628,795 | |
| 1,470,000 | 3.73%, 08/10/2049(1)(3) | 1,386,569 | |
| 755,750 | 3.80%, 08/10/2047 | 752,109 | |
| 395,000 | 4.08%, 01/10/2039(1)(3) | 341,790 | |
| 11,826,588 | CSAIL Commercial Mortgage Trust 0.85%, 06/15/2057(2)(3) | 40,311 | |
| DBJPM Mortgage Trust | |||
| 3,886,403 | 1.82%, 09/15/2053(2)(3) | 203,745 | |
| 2,660,000 | 2.89%, 08/10/2049 | 2,494,026 | |
| DC Trust | |||
| 645,000 | 5.73%, 04/13/2028(1)(3) | 633,493 | |
| 45 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Commercial Mortgage-Backed Securities - 3.4% - (continued) | |||
| $ 320,000 | 7.04%, 04/13/2028(1)(3) | $ 317,090 | |
| 2,570,000 | FS Commercial Mortgage Trust 7.80%, 11/10/2039(1)(3) | 2,630,498 | |
| 1,930,000 | GS Mortgage Securities Corp. II 5.89%, 03/10/2041(1)(3) | 1,869,790 | |
| GS Mortgage Securities Trust | |||
| 6,525,228 | 0.77%, 02/13/2053(2)(3) | 179,925 | |
| 2,000,000 | 3.05%, 05/10/2049 | 1,891,693 | |
| 2,440,000 | 3.43%, 08/10/2050 | 2,253,252 | |
| 890,000 | 3.63%, 11/10/2047 | 877,489 | |
| HTL Commercial Mortgage Trust | |||
| 910,000 | 6.56%, 05/10/2039(1)(3) | 902,647 | |
| 500,000 | 7.09%, 05/10/2039(1)(3) | 496,492 | |
| 415,000 | JP Morgan Chase Commercial Mortgage Securities Trust 2.81%, 01/16/2037(1) | 352,750 | |
| 100,000 | JPMBB Commercial Mortgage Securities Trust 3.93%, 09/15/2047 | 99,202 | |
| 2,050,000 | JPMCC Commercial Mortgage Securities Trust 3.72%, 03/15/2050 | 1,929,010 | |
| Life Mortgage Trust | |||
| 1,975,770 | 6.14%, 03/15/2038, 1 mo. USD Term SOFR + 0.81%(1)(4) | 1,959,444 | |
| 358,784 | 6.84%, 03/15/2038, 1 mo. USD Term SOFR + 1.51%(1)(4) | 353,519 | |
| 1,410,000 | Morgan Stanley Bank of America Merrill Lynch Trust 3.53%, 12/15/2047 | 1,390,249 | |
| 3,686,876 | Morgan Stanley Capital I Trust 1.46%, 06/15/2050(2)(3) | 90,372 | |
| 1,976,506 | MSWF Commercial Mortgage Trust 1.14%, 12/15/2056(2)(3) | 127,463 | |
| 1,450,000 | NJ Trust 6.70%, 01/06/2029(1)(3) | 1,470,967 | |
| 2,680,000 | TYSN Mortgage Trust 6.80%, 12/10/2033(1)(3) | 2,745,616 | |
| Wells Fargo NA | |||
| 11,287,359 | 0.53%, 02/15/2055(2)(3) | 293,232 | |
| 5,697,701 | 0.71%, 11/15/2062(2)(3) | 154,582 | |
| 13,936,620 | 0.75%, 11/15/2062(2)(3) | 421,429 | |
| 15,386,460 | 0.83%, 02/15/2061(2)(3) | 333,308 | |
| 5,750,904 | 0.85%, 11/15/2050(2)(3) | 116,079 | |
| 3,497,314 | 0.90%, 11/15/2054(2)(3) | 75,194 | |
| 10,543,472 | 0.99%, 01/15/2063(2)(3) | 401,824 | |
| 3,428,667 | 1.03%, 05/15/2062(2)(3) | 120,913 | |
| 8,996,878 | 1.20%, 02/15/2056(2)(3) | 549,241 | |
| 2,883,960 | 1.20%, 12/15/2056(2)(3) | 107,223 | |
| 7,129,411 | 1.88%, 03/15/2063(2)(3) | 607,608 | |
| 1,790,000 | 3.44%, 09/15/2060 | 1,661,110 | |
| 1,025,000 | WFRBS Commercial Mortgage Trust 3.61%, 11/15/2047 | 1,009,847 | |
| 51,979,215 | |||
| Other Asset-Backed Securities - 6.9% | |||
| 123,327 | AASET Trust 3.35%, 01/16/2040(1) | 113,462 | |
| Affirm Asset Securitization Trust | |||
| 1,330,000 | 4.30%, 05/17/2027(1) | 1,328,892 | |
| 1,035,000 | 5.61%, 02/15/2029(1) | 1,024,650 | |
| 895,000 | 6.61%, 01/18/2028(1) | 898,622 | |
| Aligned Data Centers Issuer LLC | |||
| 970,000 | 1.94%, 08/15/2046(1) | 879,267 | |
| 1,420,000 | 6.00%, 08/17/2048(1) | 1,393,929 | |
| 3,625,000 | AMSR Trust 2.12%, 12/17/2038(1) | 3,308,039 | |
| 505,000 | Amur Equipment Finance Receivables XIII LLC 5.37%, 01/21/2031(1) | 496,778 | |
| 2,795,000 | Ares XLIII CLO Ltd. 7.29%, 07/15/2034, 3 mo. USD Term SOFR + 1.96%(1)(4) | 2,794,888 | |
| 2,085,000 | Barings CLO Ltd. 7.37%, 01/20/2037, 3 mo. USD Term SOFR + 2.10%(1)(4) | 2,093,774 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Other Asset-Backed Securities - 6.9% - (continued) | |||
| $ 1,300,000 | Benefit Street Partners CLO XXXI Ltd. 7.67%, 04/25/2036, 3 mo. USD Term SOFR + 2.35%(1)(4) | $ 1,306,824 | |
| 98,759 | BHG Securitization Trust 0.90%, 10/17/2034(1) | 96,578 | |
| 1,440,000 | BlueMountain CLO XXIV Ltd. 6.69%, 04/20/2034, 3 mo. USD Term SOFR + 1.36%(1)(4) | 1,432,611 | |
| 3,730,000 | CBAM Ltd. 7.43%, 07/17/2034, 3 mo. USD Term SOFR + 2.11%(1)(4) | 3,733,267 | |
| CF Hippolyta Issuer LLC | |||
| 254,461 | 1.53%, 03/15/2061(1) | 230,869 | |
| 597,632 | 1.69%, 07/15/2060(1) | 560,129 | |
| 193,202 | 1.98%, 03/15/2061(1) | 169,858 | |
| 833,684 | 1.99%, 07/15/2060(1) | 714,692 | |
| 384,012 | 5.97%, 08/15/2062(1) | 374,391 | |
| 375,000 | Cirrus Funding Ltd. 4.80%, 01/25/2037(1) | 365,856 | |
| 400,000 | CNH Equipment Trust 4.77%, 10/15/2030 | 391,441 | |
| 1,580,000 | Commercial Equipment Finance LLC 5.97%, 07/16/2029(1) | 1,574,482 | |
| 760,000 | DLLAA LLC 5.64%, 02/22/2028(1) | 759,020 | |
| Domino's Pizza Master Issuer LLC | |||
| 4,554,217 | 2.66%, 04/25/2051(1) | 3,976,446 | |
| 667,200 | 3.67%, 10/25/2049(1) | 598,935 | |
| 47,375 | 4.12%, 07/25/2048(1) | 46,023 | |
| 2,070,000 | Elmwood CLO 19 Ltd. 7.72%, 10/17/2036, 3 mo. USD Term SOFR + 2.40%(1)(4) | 2,084,364 | |
| 1,215,000 | Elmwood CLO 23 Ltd. 7.58%, 04/16/2036, 3 mo. USD Term SOFR + 2.25%(1)(4) | 1,221,768 | |
| FirstKey Homes Trust | |||
| 1,986,310 | 1.38%, 09/17/2038(1) | 1,789,543 | |
| 1,525,220 | 2.14%, 12/17/2038(1) | 1,388,602 | |
| 670,108 | 4.15%, 05/19/2039(1) | 641,719 | |
| 2,483,649 | 4.25%, 07/17/2039(1) | 2,366,599 | |
| 950,000 | GoldenTree Loan Management U.S. CLO 15 Ltd. 7.72%, 10/20/2036, 3 mo. USD Term SOFR + 2.40%(1)(4) | 959,180 | |
| 1,160,000 | Golub Capital Partners CLO 68B Ltd. 8.12%, 07/25/2036, 3 mo. USD Term SOFR + 2.80%(1)(4) | 1,171,557 | |
| 450,000 | GreatAmerica Leasing Receivables Funding LLC 5.18%, 12/16/2030(1) | 442,337 | |
| 4,065,000 | HPS Loan Management Ltd. 8.27%, 04/15/2037, 3 mo. USD Term SOFR + 1.57%(1)(4) | 4,068,459 | |
| 780,000 | Invesco U.S. CLO Ltd. 7.62%, 04/21/2036, 3 mo. USD Term SOFR + 2.30%(1)(4) | 782,710 | |
| 1,455,000 | Madison Park Funding LXVII Ltd. 6.80%, 04/25/2037, 3 mo. USD Term SOFR + 1.51%(1)(4) | 1,456,470 | |
| 1,300,000 | MF1 Ltd. 7.07%, 02/19/2037, 1 mo. USD Term SOFR + 1.75%(1)(4) | 1,275,901 | |
| 2,490,000 | Nassau Ltd. 6.84%, 08/26/2034, 3 mo. USD Term SOFR + 1.51%(1)(4) | 2,489,395 | |
| 3,580,000 | New Economy Assets Phase 1 Sponsor LLC 1.91%, 10/20/2061(1) | 3,118,417 | |
| 103,998 | NRZ Excess Spread-Collateralized Notes 3.84%, 12/25/2025(1) | 99,803 | |
| OCP CLO Ltd. | |||
| 925,000 | 6.60%, 04/18/2033, 3 mo. USD Term SOFR + 1.27%(1)(4) | 923,380 | |
| 4,400,000 | 6.82%, 04/18/2037, 3 mo. USD Term SOFR + 1.53%(1)(4) | 4,398,623 | |
| 1,695,000 | Octagon 61 Ltd. 7.67%, 04/20/2036, 3 mo. USD Term SOFR + 2.35%(1)(4) | 1,701,553 | |
| 46 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Other Asset-Backed Securities - 6.9% - (continued) | |||
| Progress Residential Trust | |||
| $ 1,707,119 | 1.51%, 10/17/2038(1) | $ 1,538,167 | |
| 629,775 | 3.20%, 04/17/2039(1) | 584,079 | |
| 1,742,948 | 4.44%, 05/17/2041(1) | 1,655,261 | |
| 449,361 | 4.45%, 06/17/2039(1) | 432,351 | |
| 749,727 | 4.75%, 10/27/2039(1) | 724,036 | |
| 2,610,000 | Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) | 2,492,756 | |
| 2,010,000 | RR 1 LLC 6.74%, 07/15/2035, 3 mo. USD Term SOFR + 1.41%(1)(4) | 2,011,371 | |
| 2,950,000 | RR 23 Ltd. 7.98%, 10/15/2035, 3 mo. USD Term SOFR + 2.65%(1)(4) | 2,971,154 | |
| 1,185,000 | RR 26 Ltd. 7.58%, 04/15/2038, 3 mo. USD Term SOFR + 2.25%(1)(4) | 1,187,595 | |
| 157,948 | Sapphire Aviation Finance II Ltd. 3.23%, 03/15/2040(1) | 145,315 | |
| 1,695,000 | SCF Equipment Leasing LLC 6.56%, 01/22/2030(1) | 1,701,153 | |
| 181,490 | Sound Point CLO II Ltd. 6.66%, 01/26/2031, 3 mo. USD Term SOFR + 1.33%(1)(4) | 181,708 | |
| 2,270,000 | Sound Point CLO XXIX Ltd. 6.66%, 04/25/2034, 3 mo. USD Term SOFR + 1.33%(1)(4) | 2,260,359 | |
| 840,507 | Sounds Point CLO IV-R Ltd. 6.74%, 04/18/2031, 3 mo. USD Term SOFR + 1.41%(1)(4) | 841,022 | |
| Stack Infrastructure Issuer LLC | |||
| 310,000 | 1.89%, 08/25/2045(1) | 291,266 | |
| 1,480,000 | 5.90%, 07/25/2048(1) | 1,434,832 | |
| 855,000 | 5.90%, 03/25/2049(1) | 836,182 | |
| 490,000 | Summit Issuer LLC 2.29%, 12/20/2050(1) | 456,405 | |
| 2,590,000 | Symphony CLO XXV Ltd. 6.57%, 04/19/2034, 3 mo. USD Term SOFR + 1.24%(1)(4) | 2,578,959 | |
| 1,445,000 | Texas Debt Capital CLO Ltd. 7.62%, 04/20/2036, 3 mo. USD Term SOFR + 2.30%(1)(4) | 1,450,433 | |
| 2,365,000 | THL Credit Wind River CLO Ltd. 7.02%, 10/20/2033, 3 mo. USD Term SOFR + 1.69%(1)(4) | 2,365,132 | |
| 29,136 | Triangle Re Ltd. 7.23%, 02/25/2034, 30 day USD SOFR Average + 1.90%(1)(4) | 29,146 | |
| 1,115,000 | Vantage Data Centers Issuer LLC 1.65%, 09/15/2045(1) | 1,042,060 | |
| 1,890,000 | Vantage Data Centers LLC 1.99%, 09/15/2045(1) | 1,634,745 | |
| 2,270,000 | Venture 42 CLO Ltd. 6.72%, 04/15/2034, 3 mo. USD Term SOFR + 1.39%(1)(4) | 2,261,165 | |
| 915,000 | Venture 43 CLO Ltd. 6.83%, 04/15/2034, 3 mo. USD Term SOFR + 1.50%(1)(4) | 914,775 | |
| 1,821,978 | Wellfleet CLO X Ltd. 6.76%, 07/20/2032, 3 mo. USD Term SOFR + 1.43%(1)(4) | 1,824,609 | |
| Wendy's Funding LLC | |||
| 2,100,206 | 2.37%, 06/15/2051(1) | 1,792,256 | |
| 3,232,584 | 2.78%, 06/15/2051(1) | 2,641,843 | |
| 1,065,868 | 3.88%, 03/15/2048(1) | 990,868 | |
| 674,725 | Wingstop Funding LLC 2.84%, 12/05/2050(1) | 604,637 | |
| 104,919,743 | |||
| Whole Loan Collateral CMO - 6.9% | |||
| 1,003,145 | 510 Asset-Backed Trust 2.24%, 06/25/2061(1)(5) | 962,639 | |
| 336,564 | Ajax Mortgage Loan Trust 2.12%, 01/25/2061(1)(5) | 321,467 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Whole Loan Collateral CMO - 6.9% - (continued) | |||
| Angel Oak Mortgage Trust | |||
| $ 469,173 | 0.91%, 01/25/2066(1)(3) | $ 387,974 | |
| 1,150,370 | 0.95%, 07/25/2066(1)(3) | 935,234 | |
| 263,647 | 0.99%, 04/25/2053(1)(3) | 239,464 | |
| 442,623 | 0.99%, 04/25/2066(1)(3) | 358,395 | |
| 864,036 | 1.07%, 05/25/2066(1)(3) | 712,932 | |
| 471,577 | 1.24%, 01/20/2065(1)(3) | 376,651 | |
| 841,978 | 1.82%, 11/25/2066(1)(3) | 712,455 | |
| 3,875,465 | 2.88%, 12/25/2066(1)(5) | 3,394,710 | |
| 36,171 | Bear Stearns ARM Trust 5.85%, 08/25/2035(3) | 32,593 | |
| 555,278 | BINOM Securitization Trust 2.03%, 06/25/2056(1)(3) | 469,946 | |
| BRAVO Residential Funding Trust | |||
| 288,300 | 0.94%, 02/25/2049(1)(3) | 251,284 | |
| 226,762 | 0.97%, 03/25/2060(1)(3) | 211,201 | |
| 1,466,119 | 1.62%, 03/01/2061(1)(5) | 1,358,189 | |
| 2,246,772 | CHNGE Mortgage Trust 3.76%, 03/25/2067(1)(3) | 2,073,653 | |
| 53,250 | Citigroup Mortgage Loan Trust, Inc. 3.25%, 03/25/2061(1)(3) | 50,706 | |
| COLT Mortgage Loan Trust | |||
| 192,732 | 0.80%, 07/27/2054(1) | 165,019 | |
| 732,540 | 0.91%, 06/25/2066(1)(3) | 588,629 | |
| 3,481,937 | 0.96%, 09/27/2066(1)(3) | 2,742,364 | |
| 893,068 | 1.34%, 08/25/2066(1)(3) | 719,279 | |
| 2,146,625 | 1.40%, 10/25/2066(1)(3) | 1,719,775 | |
| 2,271,892 | 2.28%, 12/27/2066(1)(3) | 1,938,438 | |
| 382,381 | 4.30%, 03/25/2067(1)(3) | 364,972 | |
| CSMC Trust | |||
| 189,858 | 0.81%, 05/25/2065(1)(3) | 158,557 | |
| 520,262 | 0.83%, 03/25/2056(1)(3) | 426,180 | |
| 677,721 | 0.94%, 05/25/2066(1)(3) | 532,295 | |
| 1,073,368 | 1.10%, 05/25/2066(1)(3) | 862,692 | |
| 892,534 | 1.18%, 02/25/2066(1)(3) | 760,437 | |
| 460,462 | 1.80%, 12/27/2060(1)(3) | 438,213 | |
| 896,254 | 1.84%, 10/25/2066(1)(3) | 755,591 | |
| 2,565,796 | 2.27%, 11/25/2066(1)(3) | 2,185,946 | |
| 298,271 | Deephaven Residential Mortgage Trust 0.90%, 04/25/2066(1)(3) | 253,212 | |
| Ellington Financial Mortgage Trust | |||
| 106,129 | 0.80%, 02/25/2066(1)(3) | 87,667 | |
| 316,471 | 0.93%, 06/25/2066(1)(3) | 248,950 | |
| 1,013,173 | 2.21%, 01/25/2067(1)(3) | 845,439 | |
| Federal National Mortgage Association Connecticut Avenue Securities | |||
| 430,000 | 7.13%, 01/25/2044, 30 day USD SOFR Average + 1.80%(1)(4) | 431,218 | |
| 615,000 | 7.13%, 02/25/2044, 30 day USD SOFR Average + 1.80%(1)(4) | 615,650 | |
| 93,537 | 7.59%, 11/25/2039, 30 day USD SOFR Average + 2.26%(1)(4) | 94,000 | |
| 72,865 | 7.64%, 08/25/2030, 30 day USD SOFR Average + 2.31%(4) | 74,573 | |
| 90,341 | 7.79%, 01/25/2031, 30 day USD SOFR Average + 2.46%(4) | 92,373 | |
| 520,000 | 7.83%, 02/25/2044, 30 day USD SOFR Average + 2.50%(1)(4) | 524,008 | |
| 283,867 | 7.88%, 07/25/2042, 30 day USD SOFR Average + 2.55%(1)(4) | 291,674 | |
| 1,585,000 | 8.03%, 07/25/2043, 30 day USD SOFR Average + 2.70%(1)(4) | 1,640,534 | |
| 555,800 | 8.43%, 10/25/2041, 30 day USD SOFR Average + 3.10%(1)(4) | 570,497 | |
| 792,000 | 8.43%, 06/25/2043, 30 day USD SOFR Average + 3.10%(1)(4) | 831,896 | |
| 47 |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Whole Loan Collateral CMO - 6.9% - (continued) | |||
| $ 1,309,000 | 8.48%, 12/25/2041, 30 day USD SOFR Average + 3.15%(1)(4) | $ 1,349,014 | |
| 3,085,000 | 8.58%, 09/25/2043, 30 day USD SOFR Average + 3.25%(1)(4) | 3,232,040 | |
| 294,863 | 8.99%, 07/25/2029, 30 day USD SOFR Average + 3.66%(4) | 304,888 | |
| 246,812 | 9.79%, 05/25/2029, 30 day USD SOFR Average + 4.46%(4) | 258,382 | |
| 2,955,000 | 9.83%, 01/25/2042, 30 day USD SOFR Average + 4.50%(1)(4) | 3,106,444 | |
| GCAT Trust | |||
| 528,996 | 0.87%, 01/25/2066(1)(3) | 426,773 | |
| 616,290 | 1.04%, 05/25/2066(1)(3) | 494,909 | |
| 848,693 | 1.09%, 05/25/2066(1)(3) | 692,446 | |
| 1,220,112 | 1.09%, 08/25/2066(1)(3) | 960,020 | |
| 616,393 | 1.92%, 08/25/2066(1)(3) | 528,821 | |
| Imperial Fund Mortgage Trust | |||
| 677,734 | 1.07%, 09/25/2056(1)(3) | 542,847 | |
| 2,486,925 | 3.64%, 03/25/2067(1)(5) | 2,244,081 | |
| Legacy Mortgage Asset Trust | |||
| 331,563 | 1.65%, 11/25/2060(1)(5) | 312,524 | |
| 614,206 | 1.75%, 07/25/2061(1)(5) | 583,230 | |
| 439,837 | 4.75%, 04/25/2061(1)(5) | 421,566 | |
| 496,979 | MetLife Securitization Trust 3.75%, 03/25/2057(1)(3) | 459,625 | |
| MFA Trust | |||
| 64,303 | 1.01%, 01/26/2065(1)(3) | 57,979 | |
| 497,788 | 1.03%, 11/25/2064(1)(3) | 423,073 | |
| 318,575 | 1.15%, 04/25/2065(1)(3) | 281,503 | |
| 7,367 | Mill City Mortgage Loan Trust 2.75%, 01/25/2061(1)(3) | 7,238 | |
| New Residential Mortgage Loan Trust | |||
| 397,965 | 0.94%, 07/25/2055(1)(3) | 343,155 | |
| 249,132 | 0.94%, 10/25/2058(1)(3) | 228,323 | |
| 2,560,366 | 1.16%, 11/27/2056(1)(3) | 2,112,170 | |
| 2,291,993 | 2.28%, 04/25/2061(1)(3) | 1,924,629 | |
| 420,157 | 3.50%, 12/25/2057(1)(3) | 393,401 | |
| 331,930 | 3.86%, 09/25/2057(1)(3) | 301,804 | |
| 261,094 | 4.00%, 04/25/2057(1)(3) | 241,850 | |
| 274,827 | 4.00%, 08/27/2057(1)(3) | 255,679 | |
| 114,467 | 6.18%, 01/25/2048, 1 mo. USD Term SOFR + 0.86%(1)(4) | 110,966 | |
| 1,332,565 | NMLT Trust 1.19%, 05/25/2056(1)(3) | 1,082,016 | |
| OBX Trust | |||
| 879,832 | 1.05%, 07/25/2061(1)(3) | 663,345 | |
| 822,234 | 1.07%, 02/25/2066(1)(3) | 688,462 | |
| 2,067,170 | 2.31%, 11/25/2061(1)(3) | 1,757,085 | |
| PRET LLC | |||
| 601,966 | 1.74%, 07/25/2051(1)(5) | 574,147 | |
| 658,580 | 1.87%, 07/25/2051(1)(5) | 625,430 | |
| 4,500,000 | 7.52%, 04/27/2054(1) | 4,499,998 | |
| 747,935 | Pretium Mortgage Credit Partners I LLC 1.99%, 06/27/2060(1)(5) | 716,731 | |
| 1,187,419 | Pretium Mortgage Credit Partners LLC 1.99%, 02/25/2061(1)(5) | 1,143,591 | |
| PRPM LLC | |||
| 310,358 | 1.32%, 07/25/2051(1)(5) | 275,125 | |
| 845,558 | 1.79%, 06/25/2026(1)(5) | 817,118 | |
| 708,717 | 1.79%, 07/25/2026(1)(5) | 679,380 | |
| 1,418,273 | 2.36%, 10/25/2026(1)(5) | 1,369,495 | |
| 680,665 | 2.49%, 10/25/2026(1)(5) | 659,636 | |
| 1,242,443 | 4.87%, 04/25/2026(1)(5) | 1,193,225 | |
| 266,299 | 5.12%, 03/25/2026(1)(3) | 260,831 | |
| 171,356 | 5.36%, 11/25/2025(1)(5) | 169,442 | |
| 210,126 | Residential Mortgage Loan Trust 0.86%, 01/25/2065(1)(3) | 193,496 | |
| Shares or Principal Amount | Market Value† | ||
| ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.3% - (continued) | |||
| Whole Loan Collateral CMO - 6.9% - (continued) | |||
| Seasoned Credit Risk Transfer Trust | |||
| $ 611,328 | 2.50%, 08/25/2059 | $ 489,310 | |
| 273,974 | 3.50%, 08/25/2057(3) | 256,785 | |
| 481,428 | 3.50%, 11/25/2057 | 428,343 | |
| 1,283,360 | 3.50%, 07/25/2058 | 1,125,902 | |
| 491,858 | 3.50%, 08/25/2058 | 440,540 | |
| 1,745,609 | 3.50%, 10/25/2058 | 1,519,094 | |
| 1,206,610 | SG Residential Mortgage Trust 1.16%, 07/25/2061(1)(3) | 961,734 | |
| 604,298 | STAR Trust 1.22%, 05/25/2065(1)(3) | 522,892 | |
| Starwood Mortgage Residential Trust | |||
| 216,468 | 0.94%, 05/25/2065(1)(3) | 196,206 | |
| 1,028,048 | 1.13%, 06/25/2056(1)(3) | 818,945 | |
| 1,374,718 | 1.92%, 11/25/2066(1)(3) | 1,150,760 | |
| 447,424 | Toorak Mortgage Corp. Ltd. 3.24%, 06/25/2024(1)(5) | 442,781 | |
| Towd Point Mortgage Trust | |||
| 681,833 | 1.75%, 10/25/2060(1) | 591,388 | |
| 730,552 | 2.90%, 10/25/2059(1)(3) | 675,662 | |
| 2,009,151 | 2.92%, 11/30/2060(1)(3) | 1,641,215 | |
| 501,846 | 3.25%, 03/25/2058(1)(3) | 484,152 | |
| 59,210 | 3.25%, 07/25/2058(1)(3) | 57,268 | |
| 38,441 | 3.75%, 05/25/2058(1)(3) | 36,744 | |
| 508,704 | TRK Trust 1.15%, 07/25/2056(1)(3) | 431,327 | |
| VCAT LLC | |||
| 604,170 | 1.74%, 05/25/2051(1)(5) | 577,815 | |
| 2,715,280 | 1.87%, 08/25/2051(1)(5) | 2,633,911 | |
| 159,070 | 5.12%, 03/27/2051(1)(5) | 155,723 | |
| 1,081,127 | Vericrest Opportunity Loan Transferee 1.87%, 08/25/2051(1)(5) | 1,032,473 | |
| Verus Securitization Trust | |||
| 132,367 | 0.82%, 10/25/2063(1)(3) | 118,835 | |
| 373,237 | 0.92%, 02/25/2064(1)(3) | 326,602 | |
| 1,955,847 | 0.94%, 07/25/2066(1)(3) | 1,634,232 | |
| 4,448,879 | 1.01%, 09/25/2066(1)(3) | 3,639,299 | |
| 335,164 | 1.03%, 02/25/2066(1)(3) | 286,047 | |
| 948,660 | 1.82%, 11/25/2066(1)(3) | 815,084 | |
| 1,871,562 | 1.83%, 10/25/2066(1)(3) | 1,598,634 | |
| 1,556,640 | 2.72%, 01/25/2067(1)(5) | 1,378,329 | |
| 397,124 | VOLT C LLC 4.99%, 05/25/2051(1)(5) | 377,531 | |
| 695,855 | VOLT XCIII LLC 4.89%, 02/27/2051(1)(5) | 677,331 | |
| 550,589 | VOLT XCIV LLC 5.24%, 02/27/2051(1)(5) | 539,713 | |
| 674,637 | VOLT XCIX LLC 5.12%, 04/25/2051(1)(5) | 650,432 | |
| 500,877 | VOLT XCV LLC 5.24%, 03/27/2051(1)(5) | 486,415 | |
| 573,356 | VOLT XCVII LLC 5.24%, 04/25/2051(1)(5) | 555,799 | |
| 103,532,757 | |||
| Total Asset & Commercial Mortgage-Backed Securities (cost $323,087,302) | $ 307,480,160 | ||
| CORPORATE BONDS - 26.9% | |||
| Advertising - 0.2% | |||
| Lamar Media Corp. | |||
| 2,745,000 | 3.63%, 01/15/2031 | $ 2,341,732 | |
| 80,000 | 4.88%, 01/15/2029 | 75,648 | |
| 2,417,380 | |||
| Aerospace/Defense - 0.5% | |||
| 825,000 | BAE Systems PLC 5.13%, 03/26/2029(1) | 809,971 | |
| Boeing Co. | |||
| 130,000 | 3.75%, 02/01/2050 | 83,846 | |
| 231,000 | 5.04%, 05/01/2027 | 224,178 | |
| 971,000 | 5.15%, 05/01/2030 | 920,197 | |
| 95,000 | 5.81%, 05/01/2050 | 84,014 | |
| 1,130,000 | 5.93%, 05/01/2060 | 988,110 | |
| 440,000 | 6.30%, 05/01/2029(1) | 441,506 | |
| 48 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Aerospace/Defense - 0.5% - (continued) | |||
| $ 480,000 | 6.39%, 05/01/2031(1) | $ 482,531 | |
| 875,000 | 6.53%, 05/01/2034(1) | 880,386 | |
| L3Harris Technologies, Inc. | |||
| 890,000 | 5.05%, 06/01/2029 | 870,047 | |
| 1,095,000 | 5.35%, 06/01/2034 | 1,058,445 | |
| 26,000 | 5.40%, 07/31/2033 | 25,316 | |
| 505,000 | Northrop Grumman Corp. 5.15%, 05/01/2040 | 473,935 | |
| 7,342,482 | |||
| Agriculture - 0.4% | |||
| BAT Capital Corp. | |||
| 26,700 | 3.56%, 08/15/2027 | 25,040 | |
| 1,180,000 | 5.83%, 02/20/2031 | 1,179,518 | |
| 625,000 | 6.00%, 02/20/2034 | 621,254 | |
| Philip Morris International, Inc. | |||
| 25,000 | 1.75%, 11/01/2030 | 19,915 | |
| 157,000 | 4.88%, 11/15/2043 | 136,323 | |
| 305,000 | 5.13%, 11/17/2027 | 302,140 | |
| 1,715,000 | 5.13%, 02/15/2030 | 1,685,566 | |
| 995,000 | 5.13%, 02/13/2031 | 967,319 | |
| 670,000 | 5.38%, 02/15/2033 | 657,075 | |
| 885,000 | 5.63%, 09/07/2033 | 877,040 | |
| 6,471,190 | |||
| Apparel - 0.2% | |||
| 260,000 | Hanesbrands, Inc. 4.88%, 05/15/2026(1) | 250,806 | |
| Tapestry, Inc. | |||
| 302,000 | 7.05%, 11/27/2025 | 306,221 | |
| 1,020,000 | 7.35%, 11/27/2028 | 1,050,428 | |
| 228,000 | 7.70%, 11/27/2030 | 236,086 | |
| 1,904,000 | William Carter Co. 5.63%, 03/15/2027(1) | 1,851,950 | |
| 3,695,491 | |||
| Beverages - 0.0% | |||
| 100,000 | Bacardi Ltd./Bacardi-Martini BV 5.25%, 01/15/2029(1) | 97,300 | |
| Biotechnology - 0.3% | |||
| Amgen, Inc. | |||
| 570,000 | 5.25%, 03/02/2030 | 564,920 | |
| 1,913,000 | 5.25%, 03/02/2033 | 1,870,837 | |
| Royalty Pharma PLC | |||
| 32,000 | 1.20%, 09/02/2025 | 30,131 | |
| 1,724,000 | 2.15%, 09/02/2031 | 1,351,000 | |
| 605,000 | 2.20%, 09/02/2030 | 491,206 | |
| 4,308,094 | |||
| Chemicals - 0.3% | |||
| Celanese U.S. Holdings LLC | |||
| 1,010,000 | 6.17%, 07/15/2027 | 1,015,707 | |
| 1,309,000 | 6.33%, 07/15/2029 | 1,327,233 | |
| 40,000 | 6.35%, 11/15/2028 | 40,632 | |
| 660,000 | 6.55%, 11/15/2030 | 676,006 | |
| 1,500,000 | OCP SA 6.75%, 05/02/2034(1) | 1,476,750 | |
| 4,536,328 | |||
| Commercial Banks - 7.1% | |||
| 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) | 1,008,521 | |
| 200,000 | AIB Group PLC 5.87%, 03/28/2035, (5.87% fixed rate until 03/28/2034; 6 mo. USD SOFR + 1.91% thereafter)(1)(6) | 193,536 | |
| 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) | 559,592 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| EUR 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) | $ 1,225,359 | |
| $ 1,000,000 | Banco Santander SA 5.54%, 03/14/2030, (5.54% fixed rate until 03/14/2029; 1 yr. USD CMT + 1.45% thereafter)(6) | 980,235 | |
| Bank of America Corp. | |||
| 1,695,000 | 1.90%, 07/23/2031, (1.90% fixed rate until 07/23/2030; 6 mo. USD SOFR + 1.53% thereafter)(6) | 1,355,721 | |
| 1,190,000 | 1.92%, 10/24/2031, (1.92% fixed rate until 10/24/2030; 6 mo. USD SOFR + 1.37% thereafter)(6) | 945,608 | |
| 1,767,000 | 2.50%, 02/13/2031, (2.50% fixed rate until 02/13/2030; 3 mo. USD Term SOFR + 1.25% thereafter)(6) | 1,486,560 | |
| 729,000 | 2.57%, 10/20/2032, (2.57% fixed rate until 10/20/2031; 6 mo. USD SOFR + 1.21% thereafter)(6) | 588,225 | |
| 1,195,000 | 2.59%, 04/29/2031, (2.59% fixed rate until 04/29/2030; 6 mo. USD SOFR + 2.15% thereafter)(6) | 1,004,416 | |
| 4,020,000 | 2.69%, 04/22/2032, (2.69% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.32% thereafter)(6) | 3,312,936 | |
| 979,000 | 2.97%, 02/04/2033, (2.97% fixed rate until 02/04/2032; 6 mo. USD SOFR + 1.33% thereafter)(6) | 807,033 | |
| 265,000 | 3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter)(6) | 245,548 | |
| 655,000 | 5.20%, 04/25/2029, (5.20% fixed rate until 04/25/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) | 645,309 | |
| 730,000 | 5.47%, 01/23/2035, (5.47% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.65% thereafter)(6) | 709,745 | |
| 1,577,000 | 5.93%, 09/15/2027, (5.93% fixed rate until 09/15/2026; 6 mo. USD SOFR + 1.34% thereafter)(6) | 1,583,884 | |
| 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) | 2,171,026 | |
| 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) | 2,855,553 | |
| Bank of New York Mellon Corp. | |||
| 640,000 | 4.98%, 03/14/2030, (4.98% fixed rate until 03/14/2029; 6 mo. USD SOFR + 1.09% thereafter)(6) | 626,194 | |
| 808,000 | 5.19%, 03/14/2035, (5.19% fixed rate until 03/14/2034; 6 mo. USD SOFR + 1.42% thereafter)(6) | 778,967 | |
| 790,000 | 6.32%, 10/25/2029, (6.32% fixed rate until 10/25/2028; 6 mo. USD SOFR + 1.60% thereafter)(6) | 816,053 | |
| Barclays PLC | |||
| 1,960,000 | 5.69%, 03/12/2030, (5.69% fixed rate until 03/12/2029; 6 mo. USD SOFR + 1.74% thereafter)(6) | 1,934,438 | |
| 665,000 | 9.63%, 12/15/2029, (9.63% fixed rate until 12/15/2029; 5 yr. USD ICE Swap + 5.78% thereafter)(6)(8) | 694,960 | |
| 49 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| $ 1,950,000 | BNP Paribas SA 5.89%, 12/05/2034, (5.89% fixed rate until 12/05/2033; 6 mo. USD SOFR + 1.87% thereafter)(1)(6) | $ 1,968,986 | |
| BPCE SA | |||
| 715,000 | 5.72%, 01/18/2030, (5.72% fixed rate until 01/18/2029; 1 yr. USD CMT + 1.96% thereafter)(1)(6) | 706,622 | |
| 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) | 2,588,443 | |
| 2,230,000 | 7.00%, 10/19/2034, (7.00% fixed rate until 10/19/2033; 6 mo. USD SOFR + 2.59% thereafter)(1)(6) | 2,346,657 | |
| 355,000 | CaixaBank SA 5.67%, 03/15/2030, (5.67% fixed rate until 03/15/2029; 6 mo. USD SOFR + 1.78% thereafter)(1)(6) | 348,845 | |
| 1,440,000 | Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed rate until 02/13/2029; 6 mo. USD SOFR + 1.36% thereafter)(6) | 1,408,247 | |
| Citizens Financial Group, Inc. | |||
| 635,000 | 5.84%, 01/23/2030, (5.84% fixed rate until 01/23/2029; 6 mo. USD SOFR + 2.01% thereafter)(6) | 621,438 | |
| 145,000 | 6.65%, 04/25/2035, (6.65% fixed rate until 04/25/2034; 6 mo. USD SOFR + 2.33% thereafter)(6) | 145,473 | |
| Credit Agricole SA | |||
| 800,000 | 5.13%, 03/11/2027(1) | 792,576 | |
| 1,400,000 | 6.25%, 01/10/2035, (6.25% fixed rate until 01/10/2034; 6 mo. USD SOFR + 2.67% thereafter)(1)(6) | 1,384,955 | |
| 535,000 | 6.32%, 10/03/2029, (6.32% fixed rate until 10/03/2028; 6 mo. USD SOFR + 1.86% thereafter)(1)(6) | 545,205 | |
| 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) | 358,101 | |
| 445,000 | 5.71%, 03/01/2030, (5.71% fixed rate until 03/01/2029; 1 yr. USD CMT + 1.40% thereafter)(1)(6) | 439,687 | |
| Deutsche Bank AG | |||
| 380,000 | 2.31%, 11/16/2027, (2.31% fixed rate until 11/16/2026; 6 mo. USD SOFR + 1.22% thereafter)(6) | 345,603 | |
| 385,000 | 3.74%, 01/07/2033, (3.74% fixed rate until 10/07/2031; 6 mo. USD SOFR + 2.26% thereafter)(6) | 309,611 | |
| 775,000 | 6.82%, 11/20/2029, (6.82% fixed rate until 11/20/2028; 6 mo. USD SOFR + 2.51% thereafter)(6) | 795,922 | |
| 165,000 | Fifth Third Bancorp 5.63%, 01/29/2032, (5.63% fixed rate until 01/29/2031; 6 mo. USD SOFR + 1.84% thereafter)(6) | 160,393 | |
| Goldman Sachs Group, Inc. | |||
| 606,000 | 1.99%, 01/27/2032, (1.99% fixed rate until 01/27/2031; 6 mo. USD SOFR + 1.09% thereafter)(6) | 478,434 | |
| 1,430,000 | 2.38%, 07/21/2032, (2.38% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.25% thereafter)(6) | 1,144,799 | |
| 1,804,000 | 2.62%, 04/22/2032, (2.62% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.28% thereafter)(6) | 1,477,512 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| $ 616,000 | 3.81%, 04/23/2029, (3.81% fixed rate until 04/23/2028; 3 mo. USD Term SOFR + 1.42% thereafter)(6) | $ 575,660 | |
| 339,000 | 4.22%, 05/01/2029, (4.22% fixed rate until 05/01/2028; 3 mo. USD Term SOFR + 1.56% thereafter)(6) | 321,551 | |
| 1,120,000 | 5.73%, 04/25/2030, (5.73% fixed rate until 04/25/2029; 6 mo. USD SOFR + 1.27% thereafter)(6) | 1,121,549 | |
| 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) | 1,267,963 | |
| 380,000 | 4.58%, 06/19/2029, (4.58% fixed rate until 06/19/2028; 3 mo. USD Term SOFR + 1.80% thereafter)(6) | 362,194 | |
| 1,840,000 | 5.40%, 08/11/2033, (5.40% fixed rate until 08/11/2032; 6 mo. USD SOFR + 2.87% thereafter)(6) | 1,778,206 | |
| 1,445,000 | 5.89%, 08/14/2027, (5.89% fixed rate until 08/14/2026; 6 mo. USD SOFR + 1.57% thereafter)(6) | 1,446,010 | |
| 228,000 | 6.80%, 06/01/2038 | 241,368 | |
| 700,000 | Huntington Bancshares, Inc. 6.21%, 08/21/2029, (6.21% fixed rate until 08/21/2028; 6 mo. USD SOFR + 2.02% thereafter)(6) | 702,678 | |
| 585,000 | Huntington National Bank 5.65%, 01/10/2030 | 573,983 | |
| Intesa Sanpaolo SpA | |||
| 200,000 | 7.78%, 06/20/2054, (7.78% fixed rate until 06/20/2053; 1 yr. USD CMT + 3.90% thereafter)(1)(6) | 205,039 | |
| 1,210,000 | 7.80%, 11/28/2053(1) | 1,298,994 | |
| JP Morgan Chase & Co. | |||
| 888,000 | 2.55%, 11/08/2032, (2.55% fixed rate until 11/08/2031; 6 mo. USD SOFR + 1.18% thereafter)(6) | 720,346 | |
| 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) | 866,788 | |
| 436,000 | 2.96%, 05/13/2031, (2.96% fixed rate until 05/13/2030; 3 mo. USD Term SOFR + 2.52% thereafter)(6) | 372,917 | |
| 1,046,000 | 3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD Term SOFR + 1.42% thereafter)(6) | 959,142 | |
| 315,000 | 3.96%, 01/29/2027, (3.96% fixed rate until 01/29/2026; 3 mo. USD Term SOFR + 1.51% thereafter)(6) | 305,782 | |
| 978,000 | 4.01%, 04/23/2029, (4.01% fixed rate until 04/23/2028; 3 mo. USD Term SOFR + 1.38% thereafter)(6) | 922,886 | |
| 617,000 | 4.85%, 07/25/2028, (4.85% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.99% thereafter)(6) | 604,304 | |
| 985,000 | 5.30%, 07/24/2029, (5.30% fixed rate until 07/24/2028; 6 mo. USD SOFR + 1.45% thereafter)(6) | 974,397 | |
| 2,316,000 | 5.34%, 01/23/2035, (5.34% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.62% thereafter)(6) | 2,244,582 | |
| 1,350,000 | 5.58%, 04/22/2030, (5.58% fixed rate until 04/22/2029; 6 mo. USD SOFR + 1.16% thereafter)(6) | 1,348,962 | |
| 50 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| $ 899,000 | 6.07%, 10/22/2027, (6.07% fixed rate until 10/22/2026; 6 mo. USD SOFR + 1.33% thereafter)(6) | $ 909,504 | |
| 665,000 | 6.09%, 10/23/2029, (6.09% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.57% thereafter)(6) | 678,511 | |
| M&T Bank Corp. | |||
| 2,235,000 | 5.05%, 01/27/2034, (5.05% fixed rate until 01/27/2033; 6 mo. USD SOFR + 1.85% thereafter)(6) | 2,012,226 | |
| 1,760,000 | 7.41%, 10/30/2029, (7.41% fixed rate until 10/30/2028; 6 mo. USD SOFR + 2.80% thereafter)(6) | 1,825,169 | |
| 1,150,000 | Manufacturers & Traders Trust Co. 4.70%, 01/27/2028 | 1,088,449 | |
| 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) | 1,056,440 | |
| $ 1,240,000 | Mitsubishi UFJ Financial Group, Inc. 5.43%, 04/17/2035, (5.43% fixed rate until 04/17/2034; 1 yr. USD CMT + 1.00% thereafter)(6) | 1,207,848 | |
| 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) | 124,474 | |
| 1,619,000 | 1.79%, 02/13/2032, (1.79% fixed rate until 02/13/2031; 6 mo. USD SOFR + 1.03% thereafter)(6) | 1,263,103 | |
| 160,000 | 2.24%, 07/21/2032, (2.24% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.18% thereafter)(6) | 127,203 | |
| 1,235,000 | 2.70%, 01/22/2031, (2.70% fixed rate until 01/22/2030; 6 mo. USD SOFR + 1.14% thereafter)(6) | 1,057,537 | |
| 740,000 | 3.62%, 04/01/2031, (3.62% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.12% thereafter)(6) | 664,879 | |
| 335,000 | 4.43%, 01/23/2030, (4.43% fixed rate until 01/23/2029; 3 mo. USD Term SOFR + 1.89% thereafter)(6) | 318,489 | |
| 1,052,000 | 5.16%, 04/20/2029, (5.16% fixed rate until 04/20/2028; 6 mo. USD SOFR + 1.59% thereafter)(6) | 1,034,617 | |
| 495,000 | 5.45%, 07/20/2029, (5.45% fixed rate until 07/20/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) | 491,684 | |
| 1,170,000 | 5.66%, 04/18/2030, (5.66% fixed rate until 04/18/2029; 6 mo. USD SOFR + 1.26% thereafter)(6) | 1,169,612 | |
| 253,000 | 5.95%, 01/19/2038, (5.95% fixed rate until 01/19/2033; 5 yr. USD CMT + 2.43% thereafter)(6) | 245,929 | |
| 3,595,000 | 6.41%, 11/01/2029, (6.41% fixed rate until 11/01/2028; 6 mo. USD SOFR + 1.83% thereafter)(6) | 3,706,066 | |
| 61,000 | 7.25%, 04/01/2032 | 68,059 | |
| 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) | 1,087,834 | |
| $ 690,000 | 7.50%, 05/25/2027, (7.50% fixed rate until 05/25/2026; 1 yr. USD CMT + 3.71% thereafter)(6)(7) | 704,076 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| PNC Financial Services Group, Inc. | |||
| $ 500,000 | 5.68%, 01/22/2035, (5.68% fixed rate until 01/22/2034; 6 mo. USD SOFR + 1.90% thereafter)(6) | $ 489,731 | |
| 545,000 | 6.04%, 10/28/2033, (6.04% fixed rate until 10/28/2032; 6 mo. USD SOFR + 2.14% thereafter)(6) | 550,014 | |
| 2,505,000 | Societe Generale SA 6.22%, 06/15/2033, (6.22% fixed rate until 06/15/2032; 1 yr. USD CMT + 3.20% thereafter)(1)(6) | 2,446,313 | |
| Standard Chartered PLC | |||
| 1,040,000 | 7.02%, 02/08/2030, (7.02% fixed rate until 02/08/2029; 1 yr. USD CMT + 2.20% thereafter)(1)(6) | 1,081,841 | |
| 470,000 | 7.77%, 11/16/2028, (7.77% fixed rate until 11/16/2027; 1 yr. USD CMT + 3.45% thereafter)(1)(6) | 495,829 | |
| 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) | 886,119 | |
| 350,000 | 3.09%, 05/14/2032, (3.09% fixed rate until 05/14/2031; 6 mo. USD SOFR + 1.73% thereafter)(1)(6) | 289,753 | |
| 680,000 | 4.19%, 04/01/2031, (4.19% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.73% thereafter)(1)(6) | 619,141 | |
| 295,000 | 4.28%, 01/09/2028(1) | 279,670 | |
| 810,000 | 4.75%, 05/12/2028, (4.75% fixed rate until 05/12/2027; 1 yr. USD CMT + 1.75% thereafter)(1)(6) | 783,861 | |
| 530,000 | 5.43%, 02/08/2030, (5.43% fixed rate until 02/08/2029; 1 yr. USD CMT + 1.52% thereafter)(1)(6) | 521,047 | |
| 315,000 | 6.25%, 09/22/2029, (6.25% fixed rate until 09/22/2028; 1 yr. USD CMT + 1.80% thereafter)(1)(6) | 319,552 | |
| 2,625,000 | 6.54%, 08/12/2033, (6.54% fixed rate until 08/12/2032; 6 mo. USD SOFR + 3.92% thereafter)(1)(6) | 2,685,463 | |
| Wells Fargo & Co. | |||
| 1,520,000 | 2.57%, 02/11/2031, (2.57% fixed rate until 02/11/2030; 3 mo. USD Term SOFR + 1.26% thereafter)(6) | 1,284,696 | |
| 556,000 | 2.88%, 10/30/2030, (2.88% fixed rate until 10/30/2029; 3 mo. USD Term SOFR + 1.43% thereafter)(6) | 482,411 | |
| 1,869,000 | 3.35%, 03/02/2033, (3.35% fixed rate until 03/02/2032; 6 mo. USD SOFR + 1.50% thereafter)(6) | 1,579,592 | |
| 1,781,000 | 4.90%, 07/25/2033, (4.90% fixed rate until 07/25/2032; 6 mo. USD SOFR + 2.10% thereafter)(6) | 1,671,889 | |
| 177,000 | 5.01%, 04/04/2051, (5.01% fixed rate until 04/04/2050; 3 mo. USD Term SOFR + 4.50% thereafter)(6) | 157,175 | |
| 314,000 | 5.39%, 04/24/2034, (5.39% fixed rate until 04/24/2033; 6 mo. USD SOFR + 2.02% thereafter)(6) | 302,728 | |
| 780,000 | 5.50%, 01/23/2035, (5.50% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.78% thereafter)(6) | 757,520 | |
| 51 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Commercial Banks - 7.1% - (continued) | |||
| $ 3,730,000 | 5.57%, 07/25/2029, (5.57% fixed rate until 07/25/2028; 6 mo. USD SOFR + 1.74% thereafter)(6) | $ 3,717,302 | |
| 500,000 | 6.30%, 10/23/2029, (6.30% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.79% thereafter)(6) | 512,033 | |
| 106,867,618 | |||
| Commercial Services - 0.7% | |||
| Ashtead Capital, Inc. | |||
| 625,000 | 4.00%, 05/01/2028(1) | 581,302 | |
| 1,600,000 | 4.38%, 08/15/2027(1) | 1,521,800 | |
| 560,000 | 5.80%, 04/15/2034(1) | 544,932 | |
| 225,000 | ERAC USA Finance LLC 5.00%, 02/15/2029(1) | 220,999 | |
| 1,971,000 | Gartner, Inc. 4.50%, 07/01/2028(1) | 1,853,603 | |
| Howard University | |||
| 100,000 | 2.39%, 10/01/2027 | 88,928 | |
| 100,000 | 2.70%, 10/01/2029 | 85,927 | |
| 325,000 | 2.80%, 10/01/2030 | 274,957 | |
| 105,000 | 2.90%, 10/01/2031 | 87,234 | |
| 265,000 | 3.48%, 10/01/2041 | 182,507 | |
| Service Corp. International | |||
| 1,980,000 | 3.38%, 08/15/2030 | 1,678,583 | |
| 341,000 | 4.63%, 12/15/2027 | 325,156 | |
| 2,985,000 | 5.13%, 06/01/2029 | 2,850,224 | |
| United Rentals North America, Inc. | |||
| 270,000 | 3.75%, 01/15/2032 | 230,603 | |
| 50,000 | 4.88%, 01/15/2028 | 47,984 | |
| 10,574,739 | |||
| Construction Materials - 0.4% | |||
| 2,890,000 | Builders FirstSource, Inc. 5.00%, 03/01/2030(1) | 2,706,491 | |
| Standard Industries, Inc. | |||
| 699,000 | 3.38%, 01/15/2031(1) | 572,277 | |
| 2,643,000 | 4.38%, 07/15/2030(1) | 2,341,393 | |
| 5,620,161 | |||
| Diversified Financial Services - 0.3% | |||
| Capital One Financial Corp. | |||
| 457,000 | 1.88%, 11/02/2027, (1.88% fixed rate until 11/02/2026; 6 mo. USD SOFR + 0.86% thereafter)(6) | 414,610 | |
| 1,859,000 | 3.27%, 03/01/2030, (3.27% fixed rate until 03/01/2029; 6 mo. USD SOFR + 1.79% thereafter)(6) | 1,640,605 | |
| 275,000 | 5.25%, 07/26/2030, (5.25% fixed rate until 07/26/2029; 6 mo. USD SOFR + 2.60% thereafter)(6) | 264,605 | |
| 455,000 | 5.47%, 02/01/2029, (5.47% fixed rate until 02/01/2028; 6 mo. USD SOFR + 2.08% thereafter)(6) | 446,829 | |
| 770,000 | 6.31%, 06/08/2029, (6.31% fixed rate until 06/08/2028; 6 mo. USD SOFR + 2.64% thereafter)(6) | 777,760 | |
| 520,000 | 7.62%, 10/30/2031, (7.62% fixed rate until 10/30/2030; 6 mo. USD SOFR + 3.07% thereafter)(6) | 559,342 | |
| 600,000 | Discover Financial Services 7.96%, 11/02/2034, (7.96% fixed rate until 11/02/2033; 6 mo. USD SOFR + 3.37% thereafter)(6) | 660,342 | |
| 4,764,093 | |||
| Electric - 3.7% | |||
| Alabama Power Co. | |||
| 295,000 | 3.45%, 10/01/2049 | 205,342 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Electric - 3.7% - (continued) | |||
| $ 728,000 | 4.15%, 08/15/2044 | $ 580,829 | |
| 2,135,000 | Ameren Corp. 5.00%, 01/15/2029 | 2,080,046 | |
| Arizona Public Service Co. | |||
| 350,000 | 5.55%, 08/01/2033 | 343,235 | |
| 595,000 | 6.35%, 12/15/2032 | 617,484 | |
| Cleco Corporate Holdings LLC | |||
| 489,000 | 3.38%, 09/15/2029 | 417,445 | |
| 147,000 | 4.97%, 05/01/2046(5) | 115,296 | |
| Consolidated Edison Co. of New York, Inc. | |||
| 345,000 | 3.20%, 12/01/2051 | 223,097 | |
| 112,000 | 3.95%, 04/01/2050 | 85,319 | |
| 160,000 | 4.00%, 11/15/2057 | 117,165 | |
| 150,000 | 4.45%, 03/15/2044 | 125,205 | |
| 340,000 | 5.50%, 03/15/2034 | 339,056 | |
| Dominion Energy, Inc. | |||
| 1,368,000 | 3.38%, 04/01/2030 | 1,211,956 | |
| 2,020,000 | 5.38%, 11/15/2032 | 1,964,595 | |
| 400,000 | Duke Energy Carolinas LLC 4.25%, 12/15/2041 | 328,019 | |
| Duke Energy Corp. | |||
| 3,019,000 | 2.55%, 06/15/2031 | 2,482,515 | |
| 227,700 | 3.75%, 09/01/2046 | 162,373 | |
| 980,000 | 4.50%, 08/15/2032 | 903,484 | |
| 410,000 | 5.00%, 08/15/2052 | 349,798 | |
| Duke Energy Indiana LLC | |||
| 230,000 | 2.75%, 04/01/2050 | 135,273 | |
| 921,000 | 3.25%, 10/01/2049 | 607,509 | |
| 435,000 | Duke Energy Ohio, Inc. 5.55%, 03/15/2054 | 410,988 | |
| Duke Energy Progress LLC | |||
| 138,000 | 3.70%, 10/15/2046 | 100,605 | |
| 325,000 | 4.00%, 04/01/2052 | 243,002 | |
| Edison International | |||
| 230,000 | 4.13%, 03/15/2028 | 216,391 | |
| 1,085,000 | 5.25%, 11/15/2028 | 1,062,544 | |
| 2,047,000 | 6.95%, 11/15/2029 | 2,148,583 | |
| 515,000 | Emera, Inc. 6.75%, 06/15/2076 | 509,134 | |
| 450,000 | Enel Finance International NV 1.38%, 07/12/2026(1)(5) | 411,263 | |
| Evergy Metro, Inc. | |||
| 397,000 | 2.25%, 06/01/2030 | 330,575 | |
| 121,000 | 4.13%, 04/01/2049 | 92,467 | |
| Evergy, Inc. | |||
| 939,000 | 2.45%, 09/15/2024 | 926,724 | |
| 208,000 | 2.90%, 09/15/2029 | 182,225 | |
| Eversource Energy | |||
| 1,740,000 | 5.13%, 05/15/2033 | 1,641,787 | |
| 565,000 | 5.50%, 01/01/2034 | 543,724 | |
| 1,190,000 | 5.95%, 02/01/2029 | 1,203,021 | |
| Georgia Power Co. | |||
| 548,000 | 4.30%, 03/15/2042 | 452,426 | |
| 435,000 | 4.95%, 05/17/2033 | 414,014 | |
| 375,000 | 5.25%, 03/15/2034 | 364,559 | |
| 545,000 | Investment Energy Resources Ltd. 6.25%, 04/26/2029(1) | 521,837 | |
| 455,000 | Monongahela Power Co. 5.85%, 02/15/2034(1) | 453,504 | |
| 547,000 | National Rural Utilities Cooperative Finance Corp. 5.80%, 01/15/2033 | 554,670 | |
| NextEra Energy Capital Holdings, Inc. | |||
| 1,305,000 | 1.88%, 01/15/2027 | 1,186,030 | |
| 1,330,000 | 2.25%, 06/01/2030 | 1,103,353 | |
| 1,275,000 | Niagara Mohawk Power Corp. 5.29%, 01/17/2034(1) | 1,218,984 | |
| 130,000 | NRG Energy, Inc. 2.45%, 12/02/2027(1) | 115,920 | |
| 509,000 | Oglethorpe Power Corp. 4.50%, 04/01/2047 | 400,083 | |
| 630,000 | Ohio Edison Co. 5.50%, 01/15/2033(1) | 611,558 | |
| 52 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Electric - 3.7% - (continued) | |||
| Oncor Electric Delivery Co. LLC | |||
| $ 101,000 | 0.55%, 10/01/2025 | $ 94,224 | |
| 840,000 | 5.65%, 11/15/2033 | 843,670 | |
| Pacific Gas & Electric Co. | |||
| 280,500 | 2.50%, 02/01/2031 | 227,459 | |
| 245,000 | 4.40%, 03/01/2032 | 220,210 | |
| 689,000 | 4.50%, 07/01/2040 | 559,079 | |
| 2,159,000 | 4.55%, 07/01/2030 | 2,002,792 | |
| 161,000 | 5.45%, 06/15/2027 | 159,953 | |
| 991,000 | 5.90%, 06/15/2032 | 978,593 | |
| 1,286,000 | 6.10%, 01/15/2029 | 1,296,516 | |
| 1,474,000 | 6.15%, 01/15/2033 | 1,475,159 | |
| 1,546,000 | 6.40%, 06/15/2033 | 1,573,890 | |
| 595,000 | Public Service Electric & Gas Co. 5.45%, 03/01/2054 | 572,999 | |
| Public Service Enterprise Group, Inc. | |||
| 370,000 | 5.20%, 04/01/2029 | 363,176 | |
| 230,000 | 5.45%, 04/01/2034 | 223,831 | |
| 890,000 | 6.13%, 10/15/2033 | 906,205 | |
| Puget Energy, Inc. | |||
| 750,000 | 2.38%, 06/15/2028 | 659,203 | |
| 30,000 | 3.65%, 05/15/2025 | 29,266 | |
| 1,346,000 | 4.10%, 06/15/2030 | 1,216,091 | |
| 289,000 | 4.22%, 03/15/2032 | 252,738 | |
| 1,310,000 | Sempra 5.40%, 08/01/2026 | 1,302,298 | |
| Southern California Edison Co. | |||
| 75,000 | 3.65%, 02/01/2050 | 52,178 | |
| 313,000 | 4.05%, 03/15/2042 | 242,810 | |
| 715,000 | 5.15%, 06/01/2029 | 703,303 | |
| 1,370,000 | 5.20%, 06/01/2034 | 1,307,226 | |
| 420,000 | 5.75%, 04/15/2054 | 403,304 | |
| 325,000 | 5.88%, 12/01/2053 | 317,961 | |
| 495,000 | 5.95%, 11/01/2032 | 503,481 | |
| Southern Co. | |||
| 1,645,000 | 3.25%, 07/01/2026 | 1,568,214 | |
| 1,050,000 | 5.20%, 06/15/2033 | 1,012,452 | |
| 671,000 | Southwestern Electric Power Co. 5.30%, 04/01/2033 | 639,333 | |
| Virginia Electric & Power Co. | |||
| 359,000 | 2.45%, 12/15/2050 | 196,429 | |
| 940,000 | 5.00%, 04/01/2033 | 896,294 | |
| 1,232,000 | 5.00%, 01/15/2034 | 1,170,641 | |
| 320,000 | 5.35%, 01/15/2054 | 296,484 | |
| 525,000 | Wisconsin Power & Light Co. 5.38%, 03/30/2034 | 510,498 | |
| Xcel Energy, Inc. | |||
| 125,000 | 1.75%, 03/15/2027 | 112,328 | |
| 59,000 | 4.00%, 06/15/2028 | 55,471 | |
| 463,000 | 4.60%, 06/01/2032 | 424,849 | |
| 56,185,620 | |||
| Energy-Alternate Sources - 0.2% | |||
| Energo-Pro AS | |||
| 1,230,000 | 8.50%, 02/04/2027(1) | 1,230,185 | |
| 665,000 | 11.00%, 11/02/2028(7) | 719,636 | |
| 787,500 | Greenko Power II Ltd. 4.30%, 12/13/2028(7) | 701,005 | |
| 2,650,826 | |||
| Engineering & Construction - 0.2% | |||
| 1,235,000 | IHS Holding Ltd. 6.25%, 11/29/2028(1) | 1,065,188 | |
| International Airport Finance SA | |||
| 1,095,225 | 12.00%, 03/15/2033(1) | 1,162,636 | |
| 504,756 | 12.00%, 03/15/2033(7) | 535,823 | |
| 2,763,647 | |||
| Entertainment - 0.2% | |||
| Warnermedia Holdings, Inc. | |||
| 201,000 | 4.28%, 03/15/2032 | 173,105 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Entertainment - 0.2% - (continued) | |||
| $ 325,000 | 5.14%, 03/15/2052 | $ 248,779 | |
| WMG Acquisition Corp. | |||
| 715,000 | 3.75%, 12/01/2029(1) | 628,977 | |
| 2,830,000 | 3.88%, 07/15/2030(1) | 2,467,357 | |
| 3,518,218 | |||
| Environmental Control - 0.3% | |||
| Clean Harbors, Inc. | |||
| 2,009,000 | 4.88%, 07/15/2027(1) | 1,937,144 | |
| 1,455,000 | 6.38%, 02/01/2031(1) | 1,441,466 | |
| 831,000 | Veralto Corp. 5.35%, 09/18/2028(1) | 824,538 | |
| 4,203,148 | |||
| Food - 0.3% | |||
| Conagra Brands, Inc. | |||
| 107,000 | 4.30%, 05/01/2024 | 107,000 | |
| 610,000 | 4.85%, 11/01/2028 | 590,198 | |
| 30,000 | 5.30%, 11/01/2038 | 27,473 | |
| 1,730,000 | Minerva Luxembourg SA 4.38%, 03/18/2031(7) | 1,407,531 | |
| NBM U.S. Holdings, Inc. | |||
| 835,000 | 7.00%, 05/14/2026(1) | 829,958 | |
| 575,000 | 7.00%, 05/14/2026(7) | 571,528 | |
| Tyson Foods, Inc. | |||
| 305,000 | 5.40%, 03/15/2029 | 301,796 | |
| 500,000 | 5.70%, 03/15/2034 | 490,633 | |
| 4,326,117 | |||
| Gas - 0.5% | |||
| 1,445,000 | Brooklyn Union Gas Co. 6.39%, 09/15/2033(1) | 1,453,488 | |
| 473,000 | KeySpan Gas East Corp. 5.99%, 03/06/2033(1) | 466,589 | |
| NiSource, Inc. | |||
| 52,000 | 1.70%, 02/15/2031 | 40,558 | |
| 501,000 | 3.49%, 05/15/2027 | 472,194 | |
| 1,000,000 | 5.35%, 04/01/2034 | 958,254 | |
| 620,000 | 5.40%, 06/30/2033 | 603,408 | |
| Southern California Gas Co. | |||
| 794,000 | 5.20%, 06/01/2033 | 772,875 | |
| 1,920,000 | 5.60%, 04/01/2054 | 1,823,814 | |
| 200,000 | Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 | 200,891 | |
| 6,792,071 | |||
| Hand/Machine Tools - 0.2% | |||
| Regal Rexnord Corp. | |||
| 2,487,000 | 6.05%, 04/15/2028(1) | 2,482,365 | |
| 605,000 | 6.30%, 02/15/2030(1) | 607,474 | |
| 3,089,839 | |||
| Healthcare - Products - 0.4% | |||
| Alcon Finance Corp. | |||
| 806,000 | 2.75%, 09/23/2026(1) | 754,430 | |
| 435,000 | 3.00%, 09/23/2029(1) | 385,276 | |
| 455,000 | 5.38%, 12/06/2032(1) | 445,710 | |
| 415,000 | 5.75%, 12/06/2052(1) | 408,817 | |
| 2,316,000 | Avantor Funding, Inc. 4.63%, 07/15/2028(1) | 2,162,200 | |
| 647,000 | Hologic, Inc. 4.63%, 02/01/2028(1) | 615,199 | |
| 450,000 | Smith & Nephew PLC 5.40%, 03/20/2034 | 434,002 | |
| 1,230,000 | Solventum Corp. 5.40%, 03/01/2029(1) | 1,206,213 | |
| 6,411,847 | |||
| Healthcare - Services - 0.6% | |||
| Centene Corp. | |||
| 814,000 | 2.45%, 07/15/2028 | 710,946 | |
| 215,000 | 4.25%, 12/15/2027 | 202,887 | |
| 1,865,000 | 4.63%, 12/15/2029 | 1,738,584 | |
| 60,000 | CommonSpirit Health 3.35%, 10/01/2029 | 54,040 | |
| 53 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Healthcare - Services - 0.6% - (continued) | |||
| HCA, Inc. | |||
| $ 50,000 | 3.13%, 03/15/2027 | $ 46,748 | |
| 1,515,000 | 3.38%, 03/15/2029 | 1,364,174 | |
| 135,000 | 5.45%, 04/01/2031 | 132,202 | |
| 795,000 | 5.60%, 04/01/2034 | 775,429 | |
| Humana, Inc. | |||
| 350,000 | 1.35%, 02/03/2027 | 312,447 | |
| 75,000 | 2.15%, 02/03/2032 | 58,291 | |
| 485,000 | 5.38%, 04/15/2031 | 472,857 | |
| 175,000 | 5.75%, 12/01/2028 | 175,685 | |
| ICON Investments Six DAC | |||
| 335,000 | 5.81%, 05/08/2027 | 335,000 | |
| 200,000 | 6.00%, 05/08/2034 | 199,792 | |
| Kaiser Foundation Hospitals | |||
| 1,000 | 2.81%, 06/01/2041 | 701 | |
| 805,000 | 3.00%, 06/01/2051 | 520,314 | |
| UnitedHealth Group, Inc. | |||
| 1,143,000 | 2.75%, 05/15/2040 | 801,150 | |
| 70,000 | 4.45%, 12/15/2048 | 58,842 | |
| 200,000 | 4.95%, 05/15/2062 | 174,667 | |
| 265,000 | 5.35%, 02/15/2033 | 264,585 | |
| 1,270,000 | 5.38%, 04/15/2054 | 1,206,669 | |
| 9,606,010 | |||
| Home Builders - 0.2% | |||
| Taylor Morrison Communities, Inc. | |||
| 1,207,000 | 5.13%, 08/01/2030(1) | 1,123,748 | |
| 2,208,000 | 5.75%, 01/15/2028(1) | 2,154,130 | |
| 3,277,878 | |||
| Household Products - 0.0% | |||
| 380,000 | Haleon U.S. Capital LLC 3.38%, 03/24/2029 | 346,303 | |
| Insurance - 0.9% | |||
| 435,000 | Aon Corp./Aon Global Holdings PLC 5.35%, 02/28/2033 | 424,317 | |
| 1,325,000 | Aon North America, Inc. 5.45%, 03/01/2034 | 1,296,448 | |
| Athene Global Funding | |||
| 595,000 | 2.50%, 03/24/2028(1) | 525,471 | |
| 1,245,000 | 2.65%, 10/04/2031(1) | 995,254 | |
| 765,000 | 2.72%, 01/07/2029(1) | 666,150 | |
| 1,230,000 | Athene Holding Ltd. 5.88%, 01/15/2034 | 1,199,738 | |
| Corebridge Financial, Inc. | |||
| 485,000 | 3.85%, 04/05/2029 | 445,054 | |
| 1,160,000 | 5.75%, 01/15/2034 | 1,139,153 | |
| 320,000 | 6.05%, 09/15/2033(1) | 319,394 | |
| 2,173,000 | Equitable Financial Life Global Funding 1.80%, 03/08/2028(1) | 1,887,125 | |
| 785,000 | Equitable Holdings, Inc. 4.35%, 04/20/2028 | 747,877 | |
| 1,205,000 | GA Global Funding Trust 5.50%, 01/08/2029(1) | 1,185,637 | |
| Marsh & McLennan Cos., Inc. | |||
| 125,000 | 4.38%, 03/15/2029 | 120,798 | |
| 485,000 | 4.75%, 03/15/2039 | 440,500 | |
| 2,025,000 | Metropolitan Life Global Funding I 2.40%, 01/11/2032(1) | 1,623,335 | |
| 979,000 | Principal Life Global Funding II 5.10%, 01/25/2029(1) | 956,242 | |
| 13,972,493 | |||
| Internet - 0.5% | |||
| Gen Digital, Inc. | |||
| 2,455,000 | 5.00%, 04/15/2025(1) | 2,425,545 | |
| 1,420,000 | 6.75%, 09/30/2027(1) | 1,424,649 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Internet - 0.5% - (continued) | |||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc. | |||
| $ 1,225,000 | 3.50%, 03/01/2029(1) | $ 1,086,338 | |
| 2,383,000 | 5.25%, 12/01/2027(1) | 2,300,760 | |
| 7,237,292 | |||
| Investment Company Security - 0.0% | |||
| 405,000 | New Mountain Finance Corp. 6.88%, 02/01/2029 | 394,405 | |
| Iron/Steel - 0.0% | |||
| 90,000 | Vale Overseas Ltd. 3.75%, 07/08/2030 | 79,248 | |
| IT Services - 0.1% | |||
| 2,115,000 | Booz Allen Hamilton, Inc. 3.88%, 09/01/2028(1) | 1,956,103 | |
| Machinery-Diversified - 0.1% | |||
| AGCO Corp. | |||
| 180,000 | 5.45%, 03/21/2027 | 179,400 | |
| 240,000 | 5.80%, 03/21/2034 | 234,810 | |
| 300,000 | Ingersoll Rand, Inc. 5.70%, 08/14/2033 | 297,973 | |
| 978,000 | Otis Worldwide Corp. 2.57%, 02/15/2030 | 837,900 | |
| 195,000 | Westinghouse Air Brake Technologies Corp. 5.61%, 03/11/2034 | 191,630 | |
| 1,741,713 | |||
| Media - 1.1% | |||
| Charter Communications Operating LLC/Charter Communications Operating Capital | |||
| 310,000 | 2.25%, 01/15/2029 | 258,651 | |
| 969,000 | 3.50%, 03/01/2042 | 612,536 | |
| 275,000 | 3.70%, 04/01/2051 | 160,773 | |
| 395,000 | 3.85%, 04/01/2061 | 220,872 | |
| 755,000 | 3.90%, 06/01/2052 | 454,162 | |
| 165,000 | 4.80%, 03/01/2050 | 115,614 | |
| 1,504,000 | 5.05%, 03/30/2029 | 1,419,873 | |
| 1,414,000 | 5.13%, 07/01/2049 | 1,035,186 | |
| 1,190,000 | 5.38%, 05/01/2047 | 909,283 | |
| 1,234,000 | 5.75%, 04/01/2048 | 993,910 | |
| 367,000 | 6.48%, 10/23/2045 | 324,710 | |
| Comcast Corp. | |||
| 100,000 | 2.65%, 08/15/2062 | 52,534 | |
| 1,177,000 | 2.89%, 11/01/2051 | 713,064 | |
| 461,000 | 3.20%, 07/15/2036 | 362,690 | |
| 583,000 | 3.75%, 04/01/2040 | 460,907 | |
| 100,000 | 4.65%, 02/15/2033 | 94,638 | |
| Cox Communications, Inc. | |||
| 685,000 | 2.60%, 06/15/2031(1) | 554,104 | |
| 67,000 | 3.15%, 08/15/2024(1) | 66,476 | |
| Discovery Communications LLC | |||
| 513,000 | 3.63%, 05/15/2030 | 446,744 | |
| 75,600 | 3.95%, 03/20/2028 | 70,314 | |
| 364,000 | 5.20%, 09/20/2047 | 286,301 | |
| 984,000 | 5.30%, 05/15/2049 | 774,159 | |
| 1,198,000 | 6.35%, 06/01/2040 | 1,134,733 | |
| Paramount Global | |||
| 579,000 | 4.90%, 08/15/2044 | 405,659 | |
| 795,000 | 5.25%, 04/01/2044 | 572,665 | |
| Sirius XM Radio, Inc. | |||
| 1,316,000 | 4.00%, 07/15/2028(1) | 1,175,043 | |
| 2,731,000 | 4.13%, 07/01/2030(1) | 2,318,727 | |
| 15,994,328 | |||
| Mining - 0.4% | |||
| 490,000 | Anglo American Capital PLC 5.75%, 04/05/2034(1) | 484,000 | |
| 54 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Mining - 0.4% - (continued) | |||
| $ 915,000 | Corp. Nacional del Cobre de Chile 6.44%, 01/26/2036(1) | $ 914,734 | |
| Glencore Funding LLC | |||
| 1,225,000 | 5.37%, 04/04/2029(1) | 1,202,605 | |
| 1,750,000 | 5.63%, 04/04/2034(1) | 1,693,344 | |
| 1,451,000 | 6.38%, 10/06/2030(1) | 1,488,605 | |
| 795,000 | Rio Tinto Alcan, Inc. 6.13%, 12/15/2033 | 830,564 | |
| 6,613,852 | |||
| Oil & Gas - 1.7% | |||
| Aker BP ASA | |||
| 600,000 | 2.00%, 07/15/2026(1) | 552,919 | |
| 420,000 | 3.10%, 07/15/2031(1) | 349,551 | |
| 1,230,000 | 6.00%, 06/13/2033(1) | 1,227,047 | |
| BP Capital Markets America, Inc. | |||
| 185,000 | 2.94%, 06/04/2051 | 115,816 | |
| 500,000 | 3.06%, 06/17/2041 | 359,106 | |
| 130,000 | 3.38%, 02/08/2061 | 84,147 | |
| 1,039,000 | 4.81%, 02/13/2033 | 993,321 | |
| 960,000 | 4.89%, 09/11/2033 | 922,143 | |
| 1,009,000 | 4.99%, 04/10/2034 | 974,634 | |
| 150,000 | Cenovus Energy, Inc. 2.65%, 01/15/2032 | 121,071 | |
| ConocoPhillips Co. | |||
| 349,000 | 3.80%, 03/15/2052 | 256,503 | |
| 285,000 | 5.05%, 09/15/2033 | 277,424 | |
| 415,000 | 5.55%, 03/15/2054 | 402,313 | |
| 990,000 | 5.70%, 09/15/2063 | 972,554 | |
| Diamondback Energy, Inc. | |||
| 210,000 | 5.40%, 04/18/2034 | 204,163 | |
| 140,000 | 5.90%, 04/18/2064 | 133,692 | |
| 480,000 | 6.25%, 03/15/2033 | 495,987 | |
| Ecopetrol SA | |||
| 1,890,000 | 4.63%, 11/02/2031 | 1,526,756 | |
| 2,560,000 | 8.38%, 01/19/2036 | 2,488,801 | |
| 1,280,000 | 8.63%, 01/19/2029 | 1,331,502 | |
| Energean Israel Finance Ltd. | |||
| 885,000 | 5.88%, 03/30/2031(7) | 753,400 | |
| 600,000 | 8.50%, 09/30/2033(7) | 576,120 | |
| Equinor ASA | |||
| 487,000 | 3.25%, 11/18/2049 | 332,983 | |
| 105,000 | 3.70%, 04/06/2050 | 77,731 | |
| Hess Corp. | |||
| 1,180,000 | 7.13%, 03/15/2033 | 1,294,692 | |
| 709,000 | 7.30%, 08/15/2031 | 779,562 | |
| 1,225,000 | Leviathan Bond Ltd. 6.50%, 06/30/2027(7) | 1,147,274 | |
| 494,000 | Ovintiv, Inc. 6.63%, 08/15/2037 | 497,930 | |
| Patterson-UTI Energy, Inc. | |||
| 525,000 | 5.15%, 11/15/2029 | 501,357 | |
| 830,000 | 7.15%, 10/01/2033 | 864,235 | |
| 1,185,000 | Phillips 66 Co. 5.30%, 06/30/2033 | 1,150,707 | |
| Shell International Finance BV | |||
| 83,000 | 2.88%, 11/26/2041 | 58,151 | |
| 982,000 | 3.00%, 11/26/2051 | 624,838 | |
| 259,000 | 3.25%, 04/06/2050 | 175,636 | |
| 850,000 | TotalEnergies Capital SA 5.64%, 04/05/2064 | 830,775 | |
| 2,025,000 | Viper Energy, Inc. 5.38%, 11/01/2027(1) | 1,975,692 | |
| 25,430,533 | |||
| Packaging & Containers - 0.3% | |||
| 3,910,000 | Ball Corp. 6.00%, 06/15/2029 | 3,890,563 | |
| Pharmaceuticals - 0.3% | |||
| AbbVie, Inc. | |||
| 555,000 | 4.95%, 03/15/2031 | 544,375 | |
| 200,000 | 5.40%, 03/15/2054 | 193,882 | |
| 780,000 | Bayer U.S. Finance LLC 6.38%, 11/21/2030(1) | 781,852 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Pharmaceuticals - 0.3% - (continued) | |||
| $ 605,000 | Bristol-Myers Squibb Co. 5.55%, 02/22/2054 | $ 584,176 | |
| Cigna Group | |||
| 11,000 | 1.25%, 03/15/2026 | 10,155 | |
| 25,000 | 3.40%, 03/15/2051 | 16,586 | |
| 1,715,000 | 5.00%, 05/15/2029 | 1,679,956 | |
| CVS Health Corp. | |||
| 743,000 | 2.70%, 08/21/2040 | 486,174 | |
| 730,000 | 4.13%, 04/01/2040 | 582,650 | |
| 4,879,806 | |||
| Pipelines - 1.3% | |||
| 559,000 | Cheniere Energy Partners LP 4.50%, 10/01/2029 | 523,130 | |
| 735,000 | Cheniere Energy, Inc. 5.65%, 04/15/2034(1) | 719,998 | |
| Columbia Pipelines Holding Co. LLC | |||
| 855,000 | 5.68%, 01/15/2034(1) | 821,962 | |
| 1,600,000 | 6.04%, 08/15/2028(1) | 1,614,608 | |
| Columbia Pipelines Operating Co. LLC | |||
| 455,000 | 5.93%, 08/15/2030(1) | 455,633 | |
| 443,000 | 6.04%, 11/15/2033(1) | 444,397 | |
| 725,000 | 6.54%, 11/15/2053(1) | 747,585 | |
| 1,115,000 | EIG Pearl Holdings SARL 3.55%, 08/31/2036(1) | 923,414 | |
| Enbridge, Inc. | |||
| 305,000 | 2.50%, 08/01/2033 | 235,921 | |
| 650,000 | 5.30%, 04/05/2029 | 642,558 | |
| 1,225,000 | 5.63%, 04/05/2034 | 1,199,586 | |
| 2,036,000 | 5.70%, 03/08/2033 | 2,015,295 | |
| 50,000 | 5.90%, 11/15/2026 | 50,309 | |
| Energy Transfer LP | |||
| 430,000 | 5.15%, 02/01/2043 | 367,271 | |
| 1,710,000 | 6.40%, 12/01/2030 | 1,761,695 | |
| EQM Midstream Partners LP | |||
| 60,000 | 5.50%, 07/15/2028 | 58,436 | |
| 255,000 | 6.50%, 07/01/2027(1) | 255,337 | |
| 522,910 | Galaxy Pipeline Assets Bidco Ltd. 2.94%, 09/30/2040(1) | 400,340 | |
| Greensaif Pipelines Bidco SARL | |||
| 1,555,000 | 6.13%, 02/23/2038(1) | 1,534,647 | |
| 1,425,000 | 6.51%, 02/23/2042(1) | 1,429,698 | |
| ONEOK, Inc. | |||
| 320,000 | 3.10%, 03/15/2030 | 279,077 | |
| 320,000 | 3.40%, 09/01/2029 | 288,210 | |
| 60,000 | 6.00%, 06/15/2035 | 59,394 | |
| 290,000 | 6.10%, 11/15/2032 | 294,277 | |
| Targa Resources Corp. | |||
| 715,000 | 6.15%, 03/01/2029 | 727,261 | |
| 25,000 | 6.25%, 07/01/2052 | 24,545 | |
| Targa Resources Partners LP/Targa Resources Partners Finance Corp. | |||
| 535,000 | 4.00%, 01/15/2032 | 470,086 | |
| 100,000 | 4.88%, 02/01/2031 | 93,760 | |
| 100,000 | 6.88%, 01/15/2029 | 101,887 | |
| 76,000 | Transcontinental Gas Pipe Line Co. LLC 4.00%, 03/15/2028 | 72,006 | |
| 720,000 | Western Midstream Operating LP 6.15%, 04/01/2033 | 719,572 | |
| Williams Cos., Inc. | |||
| 104,000 | 3.90%, 01/15/2025 | 102,678 | |
| 85,000 | 4.00%, 09/15/2025 | 83,023 | |
| 19,517,596 | |||
| Real Estate Investment Trusts - 0.6% | |||
| American Tower Corp. | |||
| 380,000 | 1.45%, 09/15/2026 | 345,256 | |
| 100,000 | 2.40%, 03/15/2025 | 97,008 | |
| 140,000 | 2.70%, 04/15/2031 | 115,628 | |
| 55 |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Real Estate Investment Trusts - 0.6% - (continued) | |||
| $ 683,000 | 3.80%, 08/15/2029 | $ 624,515 | |
| 57,000 | 5.65%, 03/15/2033 | 56,143 | |
| 440,000 | Brandywine Operating Partnership LP 8.88%, 04/12/2029 | 450,862 | |
| Crown Castle, Inc. | |||
| 225,000 | 2.50%, 07/15/2031 | 181,537 | |
| 170,000 | 3.80%, 02/15/2028 | 158,512 | |
| 380,000 | 4.30%, 02/15/2029 | 357,051 | |
| 1,750,000 | 4.80%, 09/01/2028 | 1,685,073 | |
| 365,000 | 5.00%, 01/11/2028 | 355,754 | |
| 755,000 | 5.60%, 06/01/2029 | 750,508 | |
| GLP Capital LP/GLP Financing II, Inc. | |||
| 678,000 | 4.00%, 01/15/2031 | 593,907 | |
| 260,000 | 5.30%, 01/15/2029 | 252,484 | |
| 378,000 | 5.75%, 06/01/2028 | 373,462 | |
| 675,000 | SBA Tower Trust 2.84%, 01/15/2050(1) | 659,905 | |
| 1,428,000 | VICI Properties LP 4.95%, 02/15/2030 | 1,354,405 | |
| 770,000 | VICI Properties LP/VICI Note Co., Inc. 4.63%, 12/01/2029(1) | 714,390 | |
| 30,000 | WEA Finance LLC 3.50%, 06/15/2029(1) | 26,189 | |
| 9,152,589 | |||
| Retail - 0.4% | |||
| AutoZone, Inc. | |||
| 95,000 | 3.13%, 04/21/2026 | 90,791 | |
| 52,000 | 3.63%, 04/15/2025 | 51,016 | |
| 546,000 | 4.75%, 08/01/2032 | 515,335 | |
| 260,000 | 4.75%, 02/01/2033 | 243,914 | |
| 512,000 | 6.55%, 11/01/2033 | 543,553 | |
| FirstCash, Inc. | |||
| 2,699,000 | 4.63%, 09/01/2028(1) | 2,493,603 | |
| 1,160,000 | 5.63%, 01/01/2030(1) | 1,094,694 | |
| 588,000 | O'Reilly Automotive, Inc. 4.70%, 06/15/2032 | 555,201 | |
| 5,588,107 | |||
| Semiconductors - 0.2% | |||
| Intel Corp. | |||
| 719,000 | 3.05%, 08/12/2051 | 443,174 | |
| 645,000 | 5.15%, 02/21/2034 | 622,316 | |
| 255,000 | 5.70%, 02/10/2053 | 243,337 | |
| 135,000 | 5.90%, 02/10/2063 | 131,434 | |
| 1,098,000 | Marvell Technology, Inc. 2.45%, 04/15/2028 | 974,176 | |
| 1,088,000 | Qorvo, Inc. 3.38%, 04/01/2031(1) | 917,271 | |
| 3,331,708 | |||
| Software - 1.2% | |||
| 2,365,000 | Black Knight InfoServ LLC 3.63%, 09/01/2028(1) | 2,187,522 | |
| Constellation Software, Inc. | |||
| 80,000 | 5.16%, 02/16/2029(1) | 78,231 | |
| 500,000 | 5.46%, 02/16/2034(1) | 487,316 | |
| 3,132,000 | Fair Isaac Corp. 4.00%, 06/15/2028(1) | 2,885,381 | |
| 959,000 | MSCI, Inc. 3.63%, 11/01/2031(1) | 818,393 | |
| Open Text Corp. | |||
| 2,895,000 | 3.88%, 12/01/2029(1) | 2,534,017 | |
| 1,400,000 | 6.90%, 12/01/2027(1) | 1,429,663 | |
| 702,000 | Open Text Holdings, Inc. 4.13%, 12/01/2031(1) | 601,746 | |
| Oracle Corp. | |||
| 300,000 | 2.88%, 03/25/2031 | 253,765 | |
| 220,000 | 2.95%, 04/01/2030 | 191,056 | |
| 426,000 | 3.60%, 04/01/2040 | 319,196 | |
| 846,000 | 3.60%, 04/01/2050 | 571,933 | |
| 944,000 | 3.85%, 04/01/2060 | 627,636 | |
| 150,000 | 3.95%, 03/25/2051 | 107,177 | |
| 195,000 | 4.00%, 07/15/2046 | 144,347 | |
| 570,000 | 4.00%, 11/15/2047 | 417,964 | |
| 285,000 | 4.13%, 05/15/2045 | 217,204 | |
| Shares or Principal Amount | Market Value† | ||
| CORPORATE BONDS - 26.9% - (continued) | |||
| Software - 1.2% - (continued) | |||
| $ 663,000 | 6.15%, 11/09/2029 | $ 683,863 | |
| 3,626,000 | SS&C Technologies, Inc. 5.50%, 09/30/2027(1) | 3,524,538 | |
| 18,080,948 | |||
| Telecommunications - 0.3% | |||
| AT&T, Inc. | |||
| 340,000 | 2.55%, 12/01/2033 | 262,691 | |
| 16,000 | 3.55%, 09/15/2055 | 10,437 | |
| 1,627,000 | 3.80%, 12/01/2057 | 1,099,520 | |
| Cisco Systems, Inc. | |||
| 780,000 | 4.95%, 02/26/2031 | 766,884 | |
| 465,000 | 5.35%, 02/26/2064 | 442,721 | |
| 56,000 | Rogers Communications, Inc. 4.30%, 02/15/2048 | 43,043 | |
| T-Mobile USA, Inc. | |||
| 586,000 | 2.05%, 02/15/2028 | 517,824 | |
| 1,262,000 | 3.88%, 04/15/2030 | 1,154,278 | |
| 30,000 | 5.05%, 07/15/2033 | 28,740 | |
| 585,000 | 5.75%, 01/15/2034 | 589,834 | |
| 260,000 | 5.80%, 09/15/2062 | 252,058 | |
| 5,168,030 | |||
| Trucking & Leasing - 0.3% | |||
| 1,615,000 | DAE Funding LLC 1.55%, 08/01/2024(1) | 1,594,691 | |
| Penske Truck Leasing Co. LP/PTL Finance Corp. | |||
| 1,145,000 | 2.70%, 11/01/2024(1) | 1,126,701 | |
| 1,718,000 | 4.00%, 07/15/2025(1) | 1,678,657 | |
| 260,000 | 5.35%, 03/30/2029(1) | 255,402 | |
| 390,000 | 6.05%, 08/01/2028(1) | 394,237 | |
| 5,049,688 | |||
| Total Corporate Bonds (cost $421,993,612) | $ 407,945,402 | ||
| FOREIGN GOVERNMENT OBLIGATIONS - 2.8% | |||
| Angola - 0.1% | |||
| Angola Government International Bonds | |||
| 580,000 | 8.00%, 11/26/2029(7) | $ 527,075 | |
| 290,000 | 8.75%, 04/14/2032(1) | 261,957 | |
| 789,032 | |||
| Bermuda - 0.2% | |||
| Bermuda Government International Bonds | |||
| 455,000 | 2.38%, 08/20/2030(1) | 373,782 | |
| 1,305,000 | 5.00%, 07/15/2032(1) | 1,230,615 | |
| 760,000 | 5.00%, 07/15/2032(7) | 716,680 | |
| 2,321,077 | |||
| Brazil - 0.3% | |||
| BRL 25,006,000 | Brazil Notas do Tesouro Nacional 10.00%, 01/01/2031 | 4,461,430 | |
| Chile - 0.1% | |||
| Chile Government International Bonds | |||
| EUR 1,460,000 | 1.25%, 01/22/2051 | 850,023 | |
| $ 340,000 | 4.95%, 01/05/2036 | 316,383 | |
| 1,166,406 | |||
| Colombia - 0.2% | |||
| Colombia Government International Bonds | |||
| 1,175,000 | 5.00%, 06/15/2045 | 809,194 | |
| 885,000 | 5.20%, 05/15/2049 | 610,033 | |
| 1,610,000 | 5.63%, 02/26/2044 | 1,208,435 | |
| 2,627,662 | |||
| Costa Rica - 0.1% | |||
| 1,150,000 | Costa Rica Government International Bonds 6.55%, 04/03/2034(1) | 1,163,913 | |
| 56 |
| Shares or Principal Amount | Market Value† | ||
| FOREIGN GOVERNMENT OBLIGATIONS - 2.8% - (continued) | |||
| Hungary - 0.2% | |||
| Hungary Government International Bonds | |||
| EUR 2,980,000 | 1.63%, 04/28/2032(7) | $ 2,574,981 | |
| $ 920,000 | 6.13%, 05/22/2028(1) | 929,038 | |
| 3,504,019 | |||
| Indonesia - 0.1% | |||
| Indonesia Government International Bonds | |||
| EUR 2,600,000 | 1.10%, 03/12/2033 | 2,178,864 | |
| 100,000 | 2.15%, 07/18/2024(7) | 106,273 | |
| 2,285,137 | |||
| Israel - 0.0% | |||
| $ 845,000 | Israel Government International Bonds 5.75%, 03/12/2054 | 761,862 | |
| Ivory Coast - 0.1% | |||
| EUR 1,290,000 | Ivory Coast Government International Bonds 4.88%, 01/30/2032(7) | 1,148,984 | |
| Mexico - 0.4% | |||
| Mexico Government International Bonds | |||
| $ 850,000 | 3.50%, 02/12/2034 | 682,794 | |
| 4,430,000 | 6.00%, 05/07/2036 | 4,270,486 | |
| 400,000 | 6.34%, 05/04/2053 | 372,600 | |
| 400,000 | 6.40%, 05/07/2054 | 376,587 | |
| 5,702,467 | |||
| North Macedonia - 0.2% | |||
| North Macedonia Government International Bonds | |||
| EUR 780,000 | 1.63%, 03/10/2028(7) | 727,524 | |
| 770,000 | 2.75%, 01/18/2025(7) | 806,970 | |
| 985,000 | 3.68%, 06/03/2026(1) | 1,022,724 | |
| 835,000 | 3.68%, 06/03/2026(7) | 866,979 | |
| 3,424,197 | |||
| Panama - 0.0% | |||
| Panama Government International Bonds | |||
| $ 330,000 | 6.85%, 03/28/2054 | 286,886 | |
| 425,000 | 6.88%, 01/31/2036 | 400,287 | |
| 687,173 | |||
| Philippines - 0.1% | |||
| Philippines Government International Bonds | |||
| EUR 1,400,000 | 1.20%, 04/28/2033 | 1,189,656 | |
| 900,000 | 1.75%, 04/28/2041 | 676,457 | |
| 1,866,113 | |||
| Poland - 0.0% | |||
| $ 405,000 | Bank Gospodarstwa Krajowego 5.38%, 05/22/2033(1) | 391,569 | |
| Romania - 0.4% | |||
| Romania Government International Bonds | |||
| EUR 1,265,000 | 2.63%, 12/02/2040(1) | 882,735 | |
| 5,520,000 | 2.75%, 04/14/2041(7) | 3,866,924 | |
| $ 1,126,000 | 5.88%, 01/30/2029(1) | 1,101,791 | |
| 5,851,450 | |||
| Saudi Arabia - 0.3% | |||
| Saudi Government International Bonds | |||
| EUR 580,000 | 2.00%, 07/09/2039(7) | 468,224 | |
| $ 580,000 | 5.00%, 01/18/2053(1) | 489,375 | |
| 3,060,000 | 5.75%, 01/16/2054(1) | 2,853,450 | |
| 3,811,049 | |||
| Total Foreign Government Obligations (cost $48,822,505) | $ 41,963,540 | ||
| Shares or Principal Amount | Market Value† | ||
| MUNICIPAL BONDS - 0.8% | |||
| Build America Bonds - 0.1% | |||
| $ 220,000 | Chicago Board of Education, IL, GO 6.14%, 12/01/2039 | $ 206,446 | |
| 358,000 | Municipal Electric Auth of Georgia, GA, Rev 6.64%, 04/01/2057 | 383,818 | |
| 335,000 | State of California, CA, GO 7.30%, 10/01/2039 | 379,062 | |
| 125,000 | State of Illinois, IL, GO, (AGM-CR Insured) 6.88%, 07/01/2025 | 125,718 | |
| 1,095,044 | |||
| Development - 0.1% | |||
| 1,500,000 | New York Transportation Dev Corp., NY, Rev 4.25%, 09/01/2035 | 1,434,445 | |
| General - 0.3% | |||
| 250,000 | Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 3.91%, 12/01/2040 | 205,875 | |
| 1,630,000 | County of Riverside, CA, Rev 3.07%, 02/15/2028 | 1,519,258 | |
| 1,530,000 | Philadelphia Auth for Industrial Dev, PA, Rev, (NATL Insured) 6.55%, 10/15/2028 | 1,609,665 | |
| 1,430,000 | State Board of Administration Finance Corp., FL, Rev 1.26%, 07/01/2025 | 1,363,701 | |
| 4,698,499 | |||
| School District - 0.0% | |||
| 885,000 | Chicago Board of Education, IL, GO 6.32%, 11/01/2029 | 864,537 | |
| Transportation - 0.2% | |||
| Metropolitan Transportation Auth, NY, Rev | |||
| 600,000 | 5.00%, 11/15/2050 | 619,483 | |
| 1,840,000 | 5.18, 11/15/2049, | 1,821,229 | |
| 2,440,712 | |||
| Utilities - 0.1% | |||
| 1,314,404 | Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035 | 1,300,511 | |
| Total Municipal Bonds (cost $12,539,144) | $ 11,833,748 | ||
| U.S. GOVERNMENT AGENCIES - 41.8% | |||
| Mortgage-Backed Agencies - 41.8% | |||
| Federal Home Loan Mortgage Corp. - 6.4% | |||
| 4,567,604 | 0.57%, 12/25/2033(2)(3) | $ 141,321 | |
| 3,101,314 | 0.64%, 01/25/2034(2)(3) | 99,965 | |
| 1,531,731 | 0.74%, 10/25/2026(2)(3) | 17,554 | |
| 6,553,474 | 0.81%, 12/25/2030(2)(3) | 245,420 | |
| 3,239,924 | 0.88%, 06/25/2027(2)(3) | 60,319 | |
| 1,464,626 | 0.97%, 11/25/2030(2)(3) | 64,532 | |
| 611,545 | 1.00%, 10/25/2040 | 471,624 | |
| 1,093,791 | 1.00%, 02/25/2051 | 897,476 | |
| 2,570,106 | 1.12%, 10/25/2030(2)(3) | 128,011 | |
| 4,254,213 | 1.21%, 06/25/2030(2)(3) | 230,146 | |
| 3,409,692 | 1.24%, 01/25/2030(2)(3) | 169,861 | |
| 5,113,849 | 1.50%, 05/15/2037(2) | 285,867 | |
| 2,871,571 | 1.50%, 09/25/2047 | 2,279,920 | |
| 3,306,007 | 1.54%, 05/25/2030(2)(3) | 225,530 | |
| 2,066,836 | 1.68%, 05/25/2030(2)(3) | 152,407 | |
| 234,487 | 1.75%, 10/15/2042 | 193,697 | |
| 1,077,592 | 2.00%, 05/01/2036 | 936,214 | |
| 364,476 | 2.00%, 06/01/2036 | 316,651 | |
| 175,975 | 2.00%, 12/01/2040 | 144,000 | |
| 1,040,479 | 2.00%, 05/01/2041 | 851,394 | |
| 1,161,155 | 2.00%, 12/01/2041 | 939,554 | |
| 695,584 | 2.00%, 10/01/2050 | 529,951 | |
| 831,414 | 2.00%, 02/01/2051 | 641,050 | |
| 4,293,468 | 2.00%, 03/01/2051 | 3,276,344 | |
| 57 |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Federal Home Loan Mortgage Corp. - 6.4% - (continued) | |||
| $ 1,457,196 | 2.00%, 04/01/2051 | $ 1,107,450 | |
| 789,201 | 2.00%, 05/01/2051 | 608,563 | |
| 769,896 | 2.00%, 07/01/2051 | 584,710 | |
| 339,989 | 2.00%, 08/01/2051 | 258,912 | |
| 343,910 | 2.00%, 11/01/2051 | 263,335 | |
| 1,242,796 | 2.00%, 01/01/2052 | 948,120 | |
| 1,341,929 | 2.00%, 04/01/2052 | 1,031,566 | |
| 2,211,245 | 2.00%, 06/15/2052(2) | 274,859 | |
| 2,716,724 | 2.50%, 04/25/2036(2) | 260,129 | |
| 286,000 | 2.50%, 10/25/2041 | 213,680 | |
| 497,853 | 2.50%, 05/01/2050 | 401,153 | |
| 600,910 | 2.50%, 06/01/2050 | 481,767 | |
| 1,567,257 | 2.50%, 06/25/2050(2) | 223,300 | |
| 3,535,181 | 2.50%, 07/01/2050 | 2,835,851 | |
| 986,671 | 2.50%, 08/01/2050 | 791,906 | |
| 1,444,760 | 2.50%, 09/01/2050 | 1,159,535 | |
| 1,139,320 | 2.50%, 10/01/2050 | 923,854 | |
| 1,058,441 | 2.50%, 11/01/2050 | 847,645 | |
| 323,141 | 2.50%, 02/01/2051 | 262,047 | |
| 810,904 | 2.50%, 03/01/2051 | 647,234 | |
| 363,337 | 2.50%, 05/01/2051 | 290,558 | |
| 242,411 | 2.50%, 07/01/2051 | 193,533 | |
| 344,709 | 2.50%, 08/01/2051 | 274,825 | |
| 562,855 | 2.50%, 10/01/2051 | 448,969 | |
| 2,634,361 | 2.50%, 11/01/2051 | 2,135,072 | |
| 1,556,794 | 2.50%, 03/15/2052(2) | 213,304 | |
| 1,001,215 | 2.50%, 03/25/2052 | 848,480 | |
| 2,247,019 | 2.50%, 04/01/2052 | 1,785,400 | |
| 1,108,680 | 3.00%, 10/01/2032 | 1,032,904 | |
| 3,561 | 3.00%, 05/15/2041 | 3,283 | |
| 87,571 | 3.00%, 07/01/2047 | 74,380 | |
| 290,875 | 3.00%, 12/15/2047 | 210,375 | |
| 126,068 | 3.00%, 01/01/2048 | 106,601 | |
| 1,102,592 | 3.00%, 07/01/2050 | 927,385 | |
| 726,329 | 3.00%, 08/01/2050 | 606,897 | |
| 195,696 | 3.00%, 08/01/2051 | 163,424 | |
| 2,594,939 | 3.00%, 08/25/2051(2) | 395,923 | |
| 2,185,185 | 3.00%, 09/25/2051(2) | 831,167 | |
| 1,081,598 | 3.00%, 10/01/2051 | 905,015 | |
| 414,921 | 3.00%, 01/01/2052 | 348,688 | |
| 551,539 | 3.00%, 05/01/2052 | 461,254 | |
| 1,141,954 | 3.50%, 01/15/2033(2) | 108,275 | |
| 416,058 | 3.50%, 05/15/2034(2) | 30,729 | |
| 642,261 | 3.50%, 10/15/2042 | 572,682 | |
| 252,357 | 3.50%, 10/15/2045 | 218,637 | |
| 658,457 | 3.50%, 12/01/2046 | 580,307 | |
| 593,384 | 3.50%, 12/15/2046 | 524,871 | |
| 404,559 | 3.50%, 01/01/2047 | 359,886 | |
| 255,920 | 3.50%, 03/15/2047 | 226,359 | |
| 119,005 | 3.50%, 06/01/2047 | 104,880 | |
| 140,493 | 3.50%, 12/01/2047 | 123,641 | |
| 156,988 | 3.50%, 01/01/2048 | 138,352 | |
| 225,745 | 3.50%, 12/01/2048 | 198,668 | |
| 871,134 | 3.50%, 04/01/2050 | 768,784 | |
| 316,859 | 4.00%, 05/01/2038 | 297,377 | |
| 397,592 | 4.00%, 05/25/2040(2) | 59,140 | |
| 684,563 | 4.00%, 09/15/2041 | 639,379 | |
| 9,264 | 4.00%, 01/01/2042 | 8,510 | |
| 156,335 | 4.00%, 03/01/2042 | 143,819 | |
| 4,206 | 4.00%, 04/01/2042 | 3,865 | |
| 6,344 | 4.00%, 06/01/2042 | 5,834 | |
| 1,752,585 | 4.00%, 03/25/2045(2) | 308,040 | |
| 98,965 | 4.00%, 04/01/2047 | 90,798 | |
| 190,602 | 4.00%, 11/01/2047 | 174,880 | |
| 394,606 | 4.00%, 12/01/2047 | 368,509 | |
| 1,308,490 | 4.00%, 04/01/2049 | 1,188,510 | |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Federal Home Loan Mortgage Corp. - 6.4% - (continued) | |||
| $ 350,159 | 4.00%, 05/01/2049 | $ 320,822 | |
| 1,065,676 | 4.00%, 07/01/2049 | 973,510 | |
| 1,514,235 | 4.00%, 09/25/2050(2) | 305,462 | |
| 1,060,358 | 4.50%, 07/01/2052 | 979,890 | |
| 85,327 | 5.00%, 09/01/2035 | 83,300 | |
| 328,678 | 5.00%, 09/15/2036(2) | 52,598 | |
| 989,114 | 5.00%, 03/15/2045(2) | 215,051 | |
| 179,564 | 5.00%, 02/15/2048(2) | 38,304 | |
| 43,503 | 5.00%, 09/01/2048 | 41,976 | |
| 27,545 | 5.00%, 02/01/2049 | 26,562 | |
| 13,309,784 | 5.00%, 09/01/2052 | 12,618,479 | |
| 781,860 | 5.00%, 10/01/2052 | 741,130 | |
| 88,714 | 5.00%, 11/01/2052 | 84,250 | |
| 31,194 | 5.00%, 01/01/2053 | 29,575 | |
| 2,766,937 | 5.00%, 04/01/2053 | 2,626,514 | |
| 1,797,000 | 5.36%, 01/25/2029(3) | 1,807,369 | |
| 8,123 | 5.50%, 02/01/2029 | 8,070 | |
| 12,841 | 5.50%, 12/01/2038 | 12,814 | |
| 394,087 | 5.50%, 05/15/2040(2) | 81,903 | |
| 370,207 | 5.50%, 06/15/2046(2) | 68,026 | |
| 338,277 | 5.50%, 10/15/2046(2) | 69,643 | |
| 303,981 | 5.50%, 02/01/2049 | 300,021 | |
| 31,741 | 5.50%, 03/01/2049 | 31,327 | |
| 1,164,618 | 5.50%, 02/01/2053 | 1,133,491 | |
| 2,334,449 | 5.50%, 04/01/2053 | 2,272,641 | |
| 771,322 | 6.00%, 12/01/2052 | 768,433 | |
| 369,984 | 6.00%, 03/01/2053 | 370,374 | |
| 1,128,752 | 6.50%, 11/01/2053 | 1,145,548 | |
| 391,032 | 7.18%, 11/25/2043, 30 day USD SOFR Average + 1.85%(1)(4) | 396,085 | |
| 1,790,000 | 7.43%, 10/25/2033, 30 day USD SOFR Average + 2.10%(1)(4) | 1,828,603 | |
| 892,000 | 8.23%, 04/25/2042, 30 day USD SOFR Average + 2.90%(1)(4) | 924,335 | |
| 805,000 | 8.58%, 04/25/2043, 30 day USD SOFR Average + 3.25%(1)(4) | 848,554 | |
| 1,310,000 | 8.68%, 05/25/2042, 30 day USD SOFR Average + 3.35%(1)(4) | 1,371,735 | |
| 2,815,000 | 8.68%, 06/25/2043, 30 day USD SOFR Average + 3.35%(1)(4) | 2,976,863 | |
| 1,445,000 | 8.73%, 10/25/2041, 30 day USD SOFR Average + 3.40%(1)(4) | 1,490,823 | |
| 2,819,800 | 8.83%, 03/25/2042, 30 day USD SOFR Average + 3.50%(1)(4) | 2,951,420 | |
| 2,460,000 | 8.83%, 05/25/2043, 30 day USD SOFR Average + 3.50%(1)(4) | 2,598,194 | |
| 380,000 | 8.88%, 08/25/2042, 30 day USD SOFR Average + 3.55%(1)(4) | 399,475 | |
| 1,380,000 | 8.98%, 11/25/2041, 30 day USD SOFR Average + 3.65%(1)(4) | 1,435,293 | |
| 3,460,000 | 9.03%, 09/25/2042, 30 day USD SOFR Average + 3.70%(1)(4) | 3,677,083 | |
| 970,000 | 9.33%, 07/25/2042, 30 day USD SOFR Average + 4.00%(1)(4) | 1,030,024 | |
| 1,593,000 | 9.83%, 06/25/2042, 30 day USD SOFR Average + 4.50%(1)(4) | 1,723,183 | |
| 97,785,346 | |||
| Federal National Mortgage Association - 11.8% | |||
| 133,163 | 0.00%, 06/25/2041(9)(10) | 96,835 | |
| 2,285,262 | 0.39%, 01/25/2030(2)(3) | 22,846 | |
| 5,967,886 | 1.27%, 06/25/2034(2)(3) | 367,938 | |
| 3,296,668 | 1.50%, 11/25/2035(2) | 170,538 | |
| 212,405 | 1.50%, 07/01/2051 | 152,654 | |
| 3,703,237 | 1.50%, 09/01/2051 | 2,660,969 | |
| 3,476,844 | 1.58%, 05/25/2029(2)(3) | 149,803 | |
| 58 |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Federal National Mortgage Association - 11.8% - (continued) | |||
| $ 779,013 | 2.00%, 03/01/2036 | $ 677,791 | |
| 1,113,664 | 2.00%, 05/01/2036 | 967,544 | |
| 1,266,579 | 2.00%, 06/01/2036 | 1,101,970 | |
| 1,212,576 | 2.00%, 08/01/2036 | 1,053,460 | |
| 671,734 | 2.00%, 09/01/2036 | 583,582 | |
| 417,945 | 2.00%, 12/01/2036 | 363,089 | |
| 155,437 | 2.00%, 02/01/2037 | 135,040 | |
| 619,552 | 2.00%, 09/01/2040 | 507,117 | |
| 2,254,406 | 2.00%, 12/01/2040 | 1,843,686 | |
| 606,274 | 2.00%, 04/01/2041 | 496,226 | |
| 213,666 | 2.00%, 05/01/2041 | 174,873 | |
| 2,195 | 2.00%, 09/25/2041 | 1,988 | |
| 849,766 | 2.00%, 10/01/2041 | 688,485 | |
| 3,836 | 2.00%, 12/25/2041 | 3,417 | |
| 551,350 | 2.00%, 02/01/2042 | 451,275 | |
| 279,684 | 2.00%, 03/25/2044 | 254,397 | |
| 293,946 | 2.00%, 05/25/2044 | 258,848 | |
| 516,274 | 2.00%, 08/25/2050 | 329,026 | |
| 2,168,495 | 2.00%, 10/01/2050 | 1,663,467 | |
| 1,701,702 | 2.00%, 12/01/2050 | 1,300,297 | |
| 3,773,081 | 2.00%, 02/01/2051 | 2,875,006 | |
| 5,919,600 | 2.00%, 03/01/2051 | 4,499,029 | |
| 7,706,994 | 2.00%, 04/01/2051 | 5,861,814 | |
| 1,138,902 | 2.00%, 05/01/2051 | 865,175 | |
| 617,009 | 2.00%, 06/01/2051 | 468,722 | |
| 260,450 | 2.00%, 07/01/2051 | 198,093 | |
| 1,484,282 | 2.00%, 08/01/2051 | 1,141,389 | |
| 1,436,370 | 2.00%, 09/01/2051 | 1,098,380 | |
| 2,122,048 | 2.00%, 03/25/2052(2) | 280,276 | |
| 8,739,330 | 2.00%, 04/01/2052 | 6,651,850 | |
| 412,619 | 2.25%, 04/01/2033 | 330,403 | |
| 977,052 | 2.50%, 06/25/2045 | 756,124 | |
| 7,390 | 2.50%, 03/25/2046 | 6,543 | |
| 629,214 | 2.50%, 04/01/2050 | 502,955 | |
| 599,384 | 2.50%, 06/01/2050 | 479,240 | |
| 4,544,211 | 2.50%, 07/01/2050 | 3,678,110 | |
| 948,196 | 2.50%, 09/01/2050 | 757,345 | |
| 1,531,690 | 2.50%, 10/01/2050 | 1,236,154 | |
| 1,662,043 | 2.50%, 12/01/2050 | 1,331,360 | |
| 379,597 | 2.50%, 01/01/2051 | 306,024 | |
| 2,567,387 | 2.50%, 02/01/2051 | 2,044,318 | |
| 1,602,678 | 2.50%, 02/25/2051(2) | 260,301 | |
| 8,267,755 | 2.50%, 05/01/2051 | 6,621,640 | |
| 1,454,795 | 2.50%, 06/01/2051 | 1,157,742 | |
| 788,958 | 2.50%, 07/01/2051 | 631,977 | |
| 359,284 | 2.50%, 08/01/2051 | 291,547 | |
| 520,719 | 2.50%, 09/01/2051 | 415,425 | |
| 7,678,258 | 2.50%, 10/01/2051 | 6,151,220 | |
| 7,431,907 | 2.50%, 11/01/2051 | 5,986,266 | |
| 2,298,513 | 2.50%, 12/01/2051 | 1,838,543 | |
| 892,360 | 2.50%, 01/01/2052 | 717,996 | |
| 1,285,827 | 2.50%, 03/01/2052 | 1,024,460 | |
| 506,610 | 2.50%, 04/01/2052 | 403,975 | |
| 2,139,219 | 2.50%, 06/25/2052(2) | 326,489 | |
| 2,510,777 | 2.50%, 09/25/2052(2) | 397,494 | |
| 1,196,438 | 2.50%, 01/01/2057 | 947,352 | |
| 548,436 | 3.00%, 04/25/2033(2) | 33,863 | |
| 168,782 | 3.00%, 08/01/2033 | 157,461 | |
| 1,143,979 | 3.00%, 06/01/2038 | 1,046,989 | |
| 451,506 | 3.00%, 11/25/2042 | 391,006 | |
| 4,074 | 3.00%, 02/25/2043 | 3,887 | |
| 1,075,403 | 3.00%, 06/01/2043 | 921,158 | |
| 1,191,131 | 3.00%, 11/01/2044 | 1,023,417 | |
| 1,014,486 | 3.00%, 01/25/2045 | 860,165 | |
| 67,219 | 3.00%, 01/25/2046 | 59,661 | |
| 899,819 | 3.00%, 02/25/2047 | 796,150 | |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Federal National Mortgage Association - 11.8% - (continued) | |||
| $ 323,631 | 3.00%, 08/25/2049 | $ 279,959 | |
| 114,154 | 3.00%, 12/01/2049 | 95,940 | |
| 384,257 | 3.00%, 02/01/2050 | 324,401 | |
| 1,628,908 | 3.00%, 07/01/2050 | 1,375,162 | |
| 1,510,642 | 3.00%, 08/01/2050 | 1,266,080 | |
| 615,845 | 3.00%, 10/01/2050 | 515,343 | |
| 2,492,294 | 3.00%, 12/01/2050 | 2,091,545 | |
| 779,846 | 3.00%, 05/01/2051 | 659,450 | |
| 185,921 | 3.00%, 06/01/2051 | 154,524 | |
| 1,587,559 | 3.00%, 07/01/2051 | 1,320,865 | |
| 368,284 | 3.00%, 08/01/2051 | 308,565 | |
| 1,296,483 | 3.00%, 09/01/2051 | 1,081,781 | |
| 2,182,853 | 3.00%, 10/01/2051 | 1,819,989 | |
| 2,046,043 | 3.00%, 11/01/2051 | 1,703,409 | |
| 1,128,345 | 3.00%, 12/01/2051 | 941,738 | |
| 528,823 | 3.00%, 01/01/2052 | 440,483 | |
| 1,740,651 | 3.00%, 01/25/2052(2) | 266,337 | |
| 651,176 | 3.00%, 04/01/2052 | 544,202 | |
| 803,350 | 3.00%, 05/01/2052 | 670,855 | |
| 1,278,584 | 3.50%, 07/25/2033(2) | 95,000 | |
| 498,118 | 3.50%, 08/25/2033(2) | 46,266 | |
| 293,029 | 3.50%, 04/25/2034(2) | 13,211 | |
| 918,741 | 3.50%, 05/01/2037 | 846,378 | |
| 590,097 | 3.50%, 11/25/2039(2) | 50,567 | |
| 458,175 | 3.50%, 10/01/2041 | 411,273 | |
| 3,575 | 3.50%, 05/25/2042 | 3,315 | |
| 1,146,221 | 3.50%, 08/01/2043 | 1,029,441 | |
| 67,954 | 3.50%, 07/25/2044 | 65,737 | |
| 210,274 | 3.50%, 12/01/2045 | 185,514 | |
| 194,887 | 3.50%, 01/01/2046 | 172,164 | |
| 146,597 | 3.50%, 03/01/2046 | 130,032 | |
| 730,936 | 3.50%, 12/01/2046 | 656,060 | |
| 247,734 | 3.50%, 05/01/2047 | 218,499 | |
| 1,933,828 | 3.50%, 09/01/2047 | 1,702,065 | |
| 1,848,556 | 3.50%, 12/01/2047 | 1,627,005 | |
| 220,591 | 3.50%, 01/01/2048 | 194,150 | |
| 2,458,573 | 3.50%, 02/01/2048 | 2,182,622 | |
| 77,863 | 3.50%, 06/01/2048 | 68,469 | |
| 384,896 | 3.50%, 07/01/2048 | 339,174 | |
| 82,581 | 3.50%, 11/01/2048 | 72,684 | |
| 566,049 | 3.50%, 04/25/2049 | 522,365 | |
| 637,488 | 3.50%, 06/01/2049 | 569,000 | |
| 392,513 | 3.50%, 09/01/2050 | 345,934 | |
| 860,574 | 3.50%, 11/01/2051 | 748,184 | |
| 1,263,535 | 3.50%, 04/01/2052 | 1,105,375 | |
| 678,458 | 3.50%, 05/01/2056 | 583,990 | |
| 577,487 | 3.50%, 11/25/2057 | 530,478 | |
| 1,037,872 | 3.50%, 05/01/2058 | 893,320 | |
| 980,210 | 3.50%, 12/25/2058 | 847,133 | |
| 760,000 | 3.52%, 11/01/2032 | 675,597 | |
| 601,934 | 4.00%, 08/01/2038 | 572,794 | |
| 2,271 | 4.00%, 11/01/2040 | 2,087 | |
| 30,790 | 4.00%, 02/01/2041 | 28,297 | |
| 361,035 | 4.00%, 06/01/2041 | 335,725 | |
| 4,362 | 4.00%, 09/01/2041 | 4,008 | |
| 7,547 | 4.00%, 10/01/2041 | 6,936 | |
| 163,983 | 4.00%, 01/01/2042 | 150,644 | |
| 197,681 | 4.00%, 02/01/2042 | 181,609 | |
| 57,122 | 4.00%, 05/01/2042 | 52,475 | |
| 2,268 | 4.00%, 09/01/2042 | 2,101 | |
| 849,781 | 4.00%, 01/01/2043 | 780,919 | |
| 17,287 | 4.00%, 10/01/2043 | 15,882 | |
| 1,417,758 | 4.00%, 12/01/2043 | 1,300,631 | |
| 202,710 | 4.00%, 03/01/2046 | 185,849 | |
| 268,336 | 4.00%, 09/01/2047 | 244,738 | |
| 480,128 | 4.00%, 10/01/2047 | 439,317 | |
| 59 |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Federal National Mortgage Association - 11.8% - (continued) | |||
| $ 247,963 | 4.00%, 11/01/2047 | $ 226,169 | |
| 1,570,249 | 4.00%, 06/01/2048 | 1,436,844 | |
| 1,922,969 | 4.00%, 10/01/2048 | 1,751,079 | |
| 759,552 | 4.00%, 01/01/2049 | 693,963 | |
| 1,662,286 | 4.00%, 04/01/2049 | 1,508,101 | |
| 94,150 | 4.00%, 08/01/2049 | 86,336 | |
| 571,920 | 4.00%, 09/01/2049 | 518,374 | |
| 3,472,020 | 4.00%, 02/25/2050(2) | 722,751 | |
| 1,183,712 | 4.00%, 04/01/2050 | 1,075,620 | |
| 1,789,062 | 4.00%, 06/25/2050(2) | 355,578 | |
| 1,542,245 | 4.00%, 09/25/2050(2) | 297,654 | |
| 1,911,274 | 4.00%, 11/25/2050(2) | 390,542 | |
| 760,197 | 4.00%, 08/01/2051 | 690,825 | |
| 2,203,645 | 4.00%, 04/01/2052 | 1,972,323 | |
| 803,244 | 4.00%, 06/01/2052 | 721,708 | |
| 654,351 | 4.03%, 06/01/2028 | 624,688 | |
| 850,000 | 4.19%, 04/01/2028 | 818,135 | |
| 309,655 | 4.37%, 05/01/2028 | 300,922 | |
| 1,996,519 | 4.39%, 04/01/2029 | 1,928,985 | |
| 580,000 | 4.41%, 04/01/2030 | 555,537 | |
| 785,694 | 4.46%, 05/01/2028 | 763,060 | |
| 1,819,767 | 4.48%, 02/01/2029 | 1,766,974 | |
| 600,380 | 4.50%, 12/01/2037 | 585,768 | |
| 405,184 | 4.50%, 04/01/2048 | 380,768 | |
| 178,770 | 4.50%, 04/01/2049 | 167,664 | |
| 751,346 | 4.50%, 01/01/2051 | 706,379 | |
| 1,250,176 | 4.50%, 08/01/2052 | 1,155,302 | |
| 1,401,706 | 4.50%, 03/01/2053 | 1,293,489 | |
| 215,000 | 4.75%, 04/01/2028 | 210,798 | |
| 1,900,000 | 4.91%, 01/01/2029 | 1,873,753 | |
| 285,562 | 5.00%, 06/25/2048(2) | 45,742 | |
| 1,045,106 | 5.00%, 07/01/2052 | 990,987 | |
| 14,774,631 | 5.00%, 09/01/2052 | 14,010,363 | |
| 3,735,664 | 5.00%, 10/01/2052 | 3,542,357 | |
| 113,599 | 5.00%, 11/01/2052 | 107,670 | |
| 808,437 | 5.00%, 12/01/2052 | 766,552 | |
| 1,465,000 | 5.07%, 12/01/2028 | 1,455,637 | |
| 303,792 | 5.50%, 04/25/2044(2) | 50,248 | |
| 772,833 | 5.50%, 10/01/2052 | 753,107 | |
| 1,438,143 | 5.50%, 11/01/2052 | 1,400,145 | |
| 2,564,028 | 5.50%, 12/01/2052 | 2,496,345 | |
| 1,419,506 | 5.50%, 06/01/2053 | 1,380,460 | |
| 1,642,104 | 5.50%, 07/01/2053 | 1,597,865 | |
| 819,734 | 6.00%, 05/01/2053 | 821,383 | |
| 1,972,957 | 6.50%, 11/01/2053 | 2,002,315 | |
| 178,408,562 | |||
| Government National Mortgage Association - 5.0% | |||
| 136,295 | 2.00%, 06/16/2042 | 121,356 | |
| 1,284,499 | 2.00%, 10/20/2050 | 1,013,064 | |
| 3,735,693 | 2.00%, 12/20/2050 | 2,947,782 | |
| 16,215,000 | 2.00%, 05/20/2054(11) | 12,771,603 | |
| 43,410 | 2.50%, 05/20/2040 | 41,733 | |
| 1,803,516 | 2.50%, 10/20/2049 | 1,524,310 | |
| 1,345,169 | 2.50%, 11/20/2049 | 1,111,245 | |
| 1,063,887 | 2.50%, 03/20/2051 | 874,117 | |
| 940,479 | 2.50%, 09/20/2051 | 772,023 | |
| 3,139,653 | 2.50%, 10/20/2051 | 2,575,982 | |
| 1,276,570 | 3.00%, 01/16/2044 | 1,100,612 | |
| 643,417 | 3.00%, 11/20/2045 | 542,693 | |
| 642,335 | 3.00%, 02/20/2047 | 555,221 | |
| 529,119 | 3.00%, 05/20/2049 | 461,797 | |
| 197,594 | 3.00%, 03/20/2050 | 169,570 | |
| 2,812,071 | 3.00%, 07/20/2050(2) | 369,353 | |
| 448,505 | 3.00%, 11/20/2050 | 384,173 | |
| 4,051,609 | 3.00%, 04/20/2051 | 3,460,510 | |
| 2,317,179 | 3.00%, 08/20/2051 | 1,972,929 | |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Government National Mortgage Association - 5.0% - (continued) | |||
| $ 1,478,921 | 3.00%, 09/20/2051 | $ 1,260,662 | |
| 460,488 | 3.00%, 10/20/2051 | 392,527 | |
| 3,193,840 | 3.00%, 12/20/2051 | 2,720,844 | |
| 792,928 | 3.00%, 02/20/2052 | 696,508 | |
| 729,110 | 3.00%, 04/20/2052 | 620,710 | |
| 1,950,000 | 3.00%, 05/20/2054(11) | 1,659,393 | |
| 216,733 | 3.50%, 11/20/2042 | 191,983 | |
| 765,491 | 3.50%, 03/20/2044 | 688,707 | |
| 482,602 | 3.50%, 06/20/2046 | 432,416 | |
| 105,509 | 3.50%, 07/20/2046 | 94,532 | |
| 110,511 | 3.50%, 10/20/2046 | 98,995 | |
| 486,413 | 3.50%, 02/20/2047 | 435,004 | |
| 130,254 | 3.50%, 05/20/2047 | 116,357 | |
| 132,836 | 3.50%, 07/20/2047 | 118,923 | |
| 97,630 | 3.50%, 11/20/2047 | 87,127 | |
| 119,918 | 3.50%, 03/20/2048 | 107,028 | |
| 563,283 | 3.50%, 02/20/2049 | 502,207 | |
| 584,454 | 3.50%, 06/20/2050 | 516,082 | |
| 10,425,000 | 3.50%, 03/20/2052(11) | 9,189,982 | |
| 1,266,616 | 3.50%, 11/20/2052 | 1,101,231 | |
| 1,784,912 | 3.50%, 01/20/2053 | 1,573,978 | |
| 291,894 | 3.88%, 08/15/2042 | 269,330 | |
| 944,351 | 4.00%, 09/16/2042(2) | 183,333 | |
| 315,640 | 4.00%, 09/20/2042(2) | 39,739 | |
| 208,863 | 4.00%, 12/20/2044(2) | 39,831 | |
| 457,031 | 4.00%, 08/20/2045 | 424,080 | |
| 615,429 | 4.00%, 09/20/2047 | 565,765 | |
| 17,159 | 4.00%, 04/20/2048 | 15,758 | |
| 893,714 | 4.00%, 07/20/2048 | 816,477 | |
| 896,536 | 4.50%, 02/20/2040 | 858,057 | |
| 804,148 | 4.50%, 05/20/2041 | 769,057 | |
| 669,053 | 4.50%, 06/16/2043(2) | 128,638 | |
| 322,700 | 4.50%, 05/20/2045(2) | 61,549 | |
| 477,251 | 4.50%, 08/20/2045(2) | 87,538 | |
| 537,363 | 4.50%, 12/16/2046(2) | 81,609 | |
| 349,687 | 4.50%, 05/20/2048(2) | 55,498 | |
| 230,156 | 4.50%, 06/20/2048(2) | 42,284 | |
| 167,029 | 4.50%, 05/20/2052 | 155,850 | |
| 702,935 | 4.50%, 08/20/2052 | 655,596 | |
| 640,682 | 4.50%, 09/20/2052 | 597,271 | |
| 2,883,996 | 4.50%, 10/20/2052 | 2,688,439 | |
| 642,336 | 5.00%, 05/20/2040 | 631,239 | |
| 508,802 | 5.00%, 06/20/2040 | 500,012 | |
| 199,598 | 5.00%, 07/20/2040 | 196,150 | |
| 275,974 | 5.00%, 12/20/2043(2) | 52,238 | |
| 1,355,861 | 5.00%, 07/16/2044(2) | 222,052 | |
| 249,662 | 5.00%, 11/16/2046(2) | 40,334 | |
| 245,134 | 5.00%, 06/16/2047(2) | 39,123 | |
| 320,461 | 5.00%, 11/16/2047(2) | 61,861 | |
| 862,433 | 5.00%, 11/20/2049 | 834,847 | |
| 3,980,000 | 5.00%, 05/20/2054(11) | 3,809,046 | |
| 226,972 | 5.50%, 02/20/2044(2) | 15,911 | |
| 180,466 | 5.50%, 09/15/2045 | 181,693 | |
| 259,555 | 5.50%, 09/20/2045(2) | 56,856 | |
| 4,900,000 | 5.50%, 05/20/2054(11) | 4,804,913 | |
| 75,357,243 | |||
| Uniform Mortgage-Backed Security - 18.6% | |||
| 500,000 | 1.50%, 05/01/2054(11) | 358,430 | |
| 30,277,000 | 2.00%, 05/01/2054(11) | 22,863,411 | |
| 25,171,000 | 2.50%, 05/01/2054(11) | 19,914,990 | |
| 6,200,000 | 3.00%, 02/25/2052(11) | 5,121,019 | |
| 12,452,000 | 3.50%, 03/01/2052(11) | 10,742,889 | |
| 3,189,000 | 4.00%, 06/25/2052(11) | 2,852,660 | |
| 70,599,000 | 4.50%, 05/01/2054(11) | 65,116,473 | |
| 61,578,000 | 5.50%, 05/01/2054(11) | 59,755,648 | |
| 69,930,000 | 6.00%, 05/01/2054(11) | 69,280,060 | |
| 60 |
| Shares or Principal Amount | Market Value† | ||
| U.S. GOVERNMENT AGENCIES - 41.8% - (continued) | |||
| Mortgage-Backed Agencies - 41.8% - (continued) | |||
| Uniform Mortgage-Backed Security - 18.6% - (continued) | |||
| $ 10,980,000 | 6.50%, 05/15/2054(11) | $ 11,067,812 | |
| 13,720,000 | 7.00%, 05/01/2054(11) | 14,013,520 | |
| 281,086,912 | |||
| Total U.S. Government Agencies (cost $666,273,022) | $ 632,638,063 | ||
| U.S. GOVERNMENT SECURITIES - 24.6% | |||
| U.S. Treasury Securities - 24.6% | |||
| U.S. Treasury Bonds - 10.0% | |||
| 35,940,000 | 1.25%, 05/15/2050(12) | $ 16,960,591 | |
| 19,520,000 | 1.63%, 11/15/2050 | 10,190,050 | |
| 5,795,000 | 2.50%, 02/15/2045 | 3,973,197 | |
| 8,585,000 | 2.75%, 11/15/2042 | 6,324,395 | |
| 3,895,000 | 2.88%, 08/15/2045 | 2,844,871 | |
| 56,000 | 2.88%, 05/15/2052 | 39,371 | |
| 3,325,000 | 3.00%, 11/15/2045 | 2,479,073 | |
| 1,395,000 | 3.00%, 02/15/2048 | 1,021,456 | |
| 23,885,000 | 3.00%, 08/15/2052(12) | 17,229,855 | |
| 3,365,000 | 3.13%, 02/15/2043 | 2,625,489 | |
| 2,645,000 | 3.13%, 08/15/2044 | 2,036,030 | |
| 13,195,000 | 3.13%, 05/15/2048 | 9,876,664 | |
| 25,825,000 | 3.38%, 08/15/2042(12) | 21,052,419 | |
| 6,010,000 | 3.38%, 05/15/2044 | 4,827,486 | |
| 30,225,000 | 3.38%, 11/15/2048 | 23,640,437 | |
| 8,720,000 | 3.63%, 08/15/2043 | 7,308,450 | |
| 8,845,000 | 3.63%, 02/15/2044(13) | 7,391,449 | |
| 14,200,000 | 3.63%, 05/15/2053 | 11,593,523 | |
| 151,414,806 | |||
| U.S. Treasury Inflation-Indexed Bonds - 1.3% | |||
| 17,691,688 | 0.25%, 02/15/2050(14) | 10,341,882 | |
| 721,977 | 0.63%, 02/15/2043(14) | 525,055 | |
| 6,357,275 | 0.75%, 02/15/2045(14) | 4,601,762 | |
| 4,672,723 | 1.38%, 02/15/2044(14) | 3,887,490 | |
| 19,356,189 | |||
| U.S. Treasury Inflation-Indexed Notes - 0.1% | |||
| 1,992,081 | 1.38%, 07/15/2033(14) | 1,848,537 | |
| U.S. Treasury Notes - 13.2% | |||
| 16,965,000 | 1.38%, 11/15/2031(15) | 13,414,278 | |
| 22,390,000 | 2.38%, 03/31/2029 | 20,080,157 | |
| 17,865,000 | 2.75%, 08/15/2032 | 15,486,024 | |
| 21,610,000 | 3.50%, 02/15/2033 | 19,757,111 | |
| 16,360,000 | 3.63%, 05/31/2028 | 15,657,670 | |
| 14,115,000 | 3.75%, 06/30/2030 | 13,382,784 | |
| 10,645,000 | 3.88%, 08/15/2033 | 9,989,667 | |
| 14,675,000 | 4.00%, 01/31/2029 | 14,213,540 | |
| 9,135,000 | 4.00%, 10/31/2029 | 8,811,707 | |
| 20,385,000 | 4.00%, 02/15/2034 | 19,295,677 | |
| 8,475,000 | 4.13%, 06/15/2026 | 8,322,053 | |
| 2,365,000 | 4.13%, 03/31/2031 | 2,283,703 | |
| 17,360,000 | 4.38%, 11/30/2030 | 17,020,938 | |
| 8,060,000 | 4.50%, 04/15/2027 | 7,975,622 | |
| 14,405,000 | 4.50%, 11/15/2033 | 14,188,925 | |
| 199,879,856 | |||
| Total U.S. Government Securities (cost $424,343,889) | $ 372,499,388 | ||
| Total Long-Term Investments (cost $1,897,059,474) | $ 1,774,360,301 | ||
| Shares or Principal Amount | Market Value† | ||
| SHORT-TERM INVESTMENTS - 1.0% | |||
| Repurchase Agreements - 1.0% | |||
| $ 14,338,326 | Fixed Income Clearing Corp. Repurchase Agreement dated 04/30/2024 at 5.31%, due on 05/01/2024 with a maturity value of $14,340,441; collateralized by U.S. Treasury Note at 0.50%, maturing 10/31/2027, with a market value of $14,625,234 | $ 14,338,326 | |
| Total Short-Term Investments (cost $14,338,326) | $ 14,338,326 | ||
| Total Investments (cost $1,911,397,800) | 118.2% | $ 1,788,698,627 | |
| Other Assets and Liabilities | (18.2)% | (275,239,316) | |
| Total Net Assets | 100.0% | $ 1,513,459,311 | |
| Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
| The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types. | |
| For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes. | |
| See “Glossary” for abbreviation descriptions. |
| (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 April 30, 2024, the aggregate value of these securities was $442,043,906, representing 29.2% 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 April 30, 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 April 30, 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 April 30, 2024, the aggregate value of these securities was $22,856,232, representing 1.5% of net assets. |
| (8) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
| (9) | Security disclosed is principal-only strips. |
| (10) | Security is a zero-coupon bond. |
| (11) | Represents or includes a TBA transaction. |
| 61 |
| (12) | All, or a portion of the security, was pledged as collateral in connection with TBAs. As of April 30, 2024, the market value of securities pledged was $2,585,515. |
| (13) | All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of April 30, 2024, the market value of securities pledged was $3,885,838. |
| (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) | All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of April 30, 2024, the market value of securities pledged was $2,696,298. |
| Futures Contracts Outstanding at April 30, 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 | 539 | 06/28/2024 | $ 109,231,719 | $ (240,466) | ||||
| U.S. Treasury 5-Year Note Future | 654 | 06/28/2024 | 68,501,391 | (1,297,296) | ||||
| U.S. Treasury 10-Year Ultra Future | 42 | 06/18/2024 | 4,629,187 | (112,028) | ||||
| Total | $ (1,649,790) | |||||||
| Short position contracts: | ||||||||
| Euro BUXL 30-Year Bond Future | 25 | 06/06/2024 | $ 3,446,193 | $ 108,211 | ||||
| Euro-BUND Future | 427 | 06/06/2024 | 59,390,592 | 732,807 | ||||
| Long Gilt Future | 247 | 06/26/2024 | 29,622,952 | 888,820 | ||||
| U.S. Treasury 10-Year Note Future | 84 | 06/18/2024 | 9,024,750 | 13,955 | ||||
| U.S. Treasury Long Bond Future | 39 | 06/18/2024 | 4,438,688 | 205,301 | ||||
| U.S. Treasury Ultra Bond Future | 157 | 06/18/2024 | 18,771,312 | 897,322 | ||||
| Total | $ 2,846,416 | |||||||
| Total futures contracts | $ 1,196,626 | |||||||
| TBA Sale Commitments Outstanding at April 30, 2024 | ||||||||
| Description | Principal Amount | Maturity Date | Market Value† | Unrealized Appreciation/ (Depreciation) | ||||
| Government National Mortgage Association, 2.50% | $ 4,040,000 | 05/20/2054 | $ (3,311,918) | $ 52,092 | ||||
| Government National Mortgage Association, 3.00% | 5,615,000 | 05/20/2054 | (4,778,201) | 19,291 | ||||
| Government National Mortgage Association, 4.00% | 2,245,000 | 05/20/2054 | (2,034,531) | 21,135 | ||||
| Government National Mortgage Association, 4.50% | 1,025,000 | 05/20/2054 | (954,522) | 3,693 | ||||
| Uniform Mortgage-Backed Security, 2.00% | 475,000 | 05/01/2039 | (409,817) | 4,138 | ||||
| Uniform Mortgage-Backed Security, 3.00% | 1,753,000 | 02/01/2052 | (1,447,927) | 48,252 | ||||
| Uniform Mortgage-Backed Security, 5.00% | 24,890,000 | 05/01/2054 | (23,579,120) | 538,008 | ||||
| Uniform Mortgage-Backed Security, 6.50% | 21,965,000 | 05/01/2054 | (22,140,664) | 190,761 | ||||
| Uniform Mortgage-Backed Security, 6.50% | 10,980,000 | 06/01/2054 | (11,060,949) | 32,710 | ||||
| Total TBA sale commitments (proceeds receivable $70,627,729) | $ (69,717,649) | $ 910,080 | ||||||
| At April 30, 2024, the aggregate market value of TBA Sale Commitments represents (4.6)% of total net assets. | ||||||||
| Centrally Cleared Interest Rate Swap Contracts Outstanding at April 30, 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 | 5,185,000 | 03/15/2053 | Annual | $ 3,023 | $ — | $ 954,839 | $ 951,816 | ||||||||
| 2.88% Fixed | 12 Mo. USD SOFR | USD | 4,030,000 | 03/15/2053 | Annual | 45,217 | — | 803,197 | 757,980 | ||||||||
| 3.25% Fixed | 12 Mo. USD SOFR | USD | 3,735,000 | 06/21/2053 | Annual | — | (36,227) | 566,778 | 603,005 | ||||||||
| 3.59% Fixed | 12 Mo. USD SOFR | USD | 8,150,000 | 09/20/2053 | Annual | 37,417 | — | 714,000 | 676,583 | ||||||||
| Total centrally cleared interest rate swaps contracts | $ 85,657 | $ (36,227) | $ 3,038,814 | $ 2,989,384 | |||||||||||||
| 62 |
| Foreign Currency Contracts Outstanding at April 30, 2024 | ||||||||||
| Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Counterparty | Settlement Date | Appreciation/ (Depreciation) | ||||||
| 4,682,062 | USD | 23,599,000 | BRL | GSC | 06/20/2024 | $ 150,910 | ||||
| 747,385 | USD | 680,000 | EUR | RBC | 06/18/2024 | 18,816 | ||||
| 414,274 | USD | 378,000 | EUR | MSC | 06/18/2024 | 9,275 | ||||
| 21,285,772 | USD | 19,338,000 | EUR | BNP | 06/20/2024 | 564,720 | ||||
| Total foreign currency contracts | $ 743,721 | |||||||||
| Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
| Assets | ||||||||
| Asset & Commercial Mortgage-Backed Securities | $ 307,480,160 | $ — | $ 307,480,160 | $ — | ||||
| Corporate Bonds | 407,945,402 | — | 407,945,402 | — | ||||
| Foreign Government Obligations | 41,963,540 | — | 41,963,540 | — | ||||
| Municipal Bonds | 11,833,748 | — | 11,833,748 | — | ||||
| U.S. Government Agencies | 632,638,063 | — | 632,638,063 | — | ||||
| U.S. Government Securities | 372,499,388 | — | 372,499,388 | — | ||||
| Short-Term Investments | 14,338,326 | — | 14,338,326 | — | ||||
| Foreign Currency Contracts(2) | 743,721 | — | 743,721 | — | ||||
| Futures Contracts(2) | 2,846,416 | 2,846,416 | — | — | ||||
| Swaps - Interest Rate(2) | 2,989,384 | — | 2,989,384 | — | ||||
| Total | $ 1,795,278,148 | $ 2,846,416 | $ 1,792,431,732 | $ — | ||||
| Liabilities | ||||||||
| Futures Contracts(2) | $ (1,649,790) | $ (1,649,790) | $ — | $ — | ||||
| TBA Sale Commitments | (69,717,649) | — | (69,717,649) | — | ||||
| Total | $ (71,367,439) | $ (1,649,790) | $ (69,717,649) | $ — |
| (1) | For the period ended April 30, 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. |
| 63 |
| Counterparty Abbreviations: | |
| ANZ | Australia and New Zealand Banking Group |
| BCLY | Barclays |
| BMO | Bank of Montreal |
| BNP | BNP Paribas Securities Services |
| BOA | Bank of America Securities LLC |
| CAG | Credit Agricole CIB |
| CBK | Citibank NA |
| CIBC | Canadian Imperial Bank of Commerce |
| DEUT | Deutsche Bank Securities, Inc. |
| GSC | Goldman Sachs & Co. |
| HSBC | Hongkong and Shanghai Banking Corporation |
| MSC | Morgan Stanley |
| RBC | RBC Dominion Securities, Inc. |
| SCB | Standard Chartered Bank |
| TDB | Toronto-Dominion Bank |
| UBS | UBS AG |
| Currency Abbreviations: | |
| AUD | Australia Dollar |
| BRL | Brazil Real |
| CAD | Canadian Dollar |
| 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 |
| INR | Indian Rupee |
| JPY | Japan Yen |
| KZT | Kazakhstan Tenge |
| MXN | Mexican Peso |
| PLN | Poland Zloty |
| USD | United States Dollar |
| UYU | Uruguay Peso |
| ZAR | South Africa Rand |
| Index Abbreviations: | |
| CMBX.NA | Markit Commercial Mortgage-Backed North American |
| CMT | Constant Maturity Treasury Index |
| ICE | Intercontinental Exchange, Inc. |
| ITRAXX-XOVER | iTraxx Europe Crossover |
| Municipal Abbreviations: | |
| Auth | Authority |
| COP | Certificate of Participation |
| Dev | Development |
| Dist | District |
| Facs | Facilities |
| GO | General Obligation |
| Redev | Redevelopment |
| Rev | Revenue |
| Other Abbreviations: | |
| ADR | American Depositary Receipt |
| AGM | Assured Guaranty Municipal |
| AMBAC | American Municipal Bond Assurance Co. |
| ARM | Adjustable Rate Mortgage |
| BAM | Build America Mutual Assurance Corp. |
| CLO | Collateralized Loan Obligation |
| CMO | Collateralized Mortgage Obligation |
| CNTY GTD | County Guaranteed |
| COLL | Collateral |
| CR | Custodial Receipts |
| ETF | Exchange-Traded Fund |
| EURIBOR | Euro Interbank Offered Rate |
| FHA | Federal Housing Authority |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| HUD | Housing and Urban Development |
| LME | London Metal Exchange |
| MSCI | Morgan Stanley Capital International |
| NATL | National Public Finance Guarantee Corp. |
| Nyrt | New York REIT Inc |
| PSF-GTD | Permanent School Fund Guaranteed |
| Q-SBLF | Qualified School Bond Loan Fund |
| RBOB | Reformulated Blendstock for Oxygenate Blending |
| REIT | Real Estate Investment Trust |
| SD CRED PROG | School District Credit Enhancement Program |
| SIFMA | Securities Industry and Financial Markets Association |
| SOFR | Secured Overnight Financing Rate |
| ST APPROP | State Appropriation |
| ST INTERCEPT | State Intercept Program |
| TBA | To Be Announced |
| ULSD | Ultra-Low Sulfur Diesel |
| WTI | West Texas Intermediate |
| 64 |