Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.1% | |||
Asset-Backed - Automobile - 0.3% | |||
$ 736,650 | CFMT LLC 1.39%, 09/22/2031(1) | $ 720,696 | |
1,845,000 | Enterprise Fleet Financing LLC 6.40%, 03/20/2030(1) | 1,873,440 | |
Ford Credit Auto Owner Trust | |||
275,000 | 1.61%, 10/17/2033(1) | 254,745 | |
260,000 | 1.91%, 10/17/2033(1) | 240,661 | |
442,639 | SFS Auto Receivables Securitization Trust 5.89%, 03/22/2027(1) | 443,340 | |
1,260,000 | Wheels Fleet Lease Funding 1 LLC 6.46%, 08/18/2038(1) | 1,269,981 | |
4,802,863 | |||
Asset-Backed - Student Loan - 0.1% | |||
1,434,864 | Navient Private Education Refi Loan Trust 5.51%, 10/15/2071(1) | 1,441,298 | |
Commercial Mortgage-Backed Securities - 0.1% | |||
1,460,000 | BX Trust 6.74%, 10/15/2036, 1 mo. USD Term SOFR + 1.41%(1)(2) | 1,439,925 | |
375,000 | SFAVE Commercial Mortgage Securities Trust 4.14%, 01/05/2043(1)(3) | 295,884 | |
1,735,809 | |||
Other Asset-Backed Securities - 0.5% | |||
44,704 | Aaset Trust 3.84%, 05/15/2039(1) | 38,445 | |
24,791 | Affirm Asset Securitization Trust 1.07%, 08/15/2025(1) | 24,651 | |
Castlelake Aircraft Structured Trust | |||
101,577 | 3.47%, 01/15/2046(1) | 95,518 | |
347,325 | 3.97%, 04/15/2039(1) | 312,630 | |
CF Hippolyta Issuer LLC | |||
772,807 | 1.53%, 03/15/2061(1) | 696,761 | |
410,193 | 1.69%, 07/15/2060(1) | 383,515 | |
160,216 | 1.98%, 03/15/2061(1) | 141,278 | |
195,426 | 5.97%, 08/15/2062(1) | 190,577 | |
1,321,979 | Home Partners of America Trust 2.30%, 12/17/2026(1) | 1,219,394 | |
168,184 | Horizon Aircraft Finance II Ltd. 3.72%, 07/15/2039(1) | 150,453 | |
253,166 | Horizon Aircraft Finance III Ltd. 3.43%, 11/15/2039(1) | 199,996 | |
1,155,000 | Kubota Credit Owner Trust 5.28%, 01/18/2028(1) | 1,157,705 | |
136,408 | MACH 1 Cayman Ltd. 3.47%, 10/15/2039(1) | 123,315 | |
66,988 | MAPS Ltd. 4.46%, 03/15/2044(1) | 60,793 | |
New Economy Assets Phase 1 Sponsor LLC | |||
1,530,000 | 1.91%, 10/20/2061(1) | 1,340,318 | |
480,000 | 2.41%, 10/20/2061(1) | 402,950 | |
2,572,000 | Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) | 2,486,118 | |
314,905 | SCF Equipment Leasing LLC 0.83%, 08/21/2028(1) | 311,681 | |
130,291 | Start II Ltd. 4.09%, 03/15/2044(1) | 120,532 | |
9,456,630 | |||
Whole Loan Collateral CMO - 0.1% | |||
49,247 | Angel Oak Mortgage Trust 2.62%, 11/25/2059(1)(3) | 47,667 | |
Federal National Mortgage Association Connecticut Avenue Securities | |||
280,000 | 6.87%, 10/25/2041, 30 day USD SOFR Average + 1.55%(1)(2) | 281,207 | |
109,818 | 11.33%, 10/25/2028, 30 day USD SOFR Average + 6.01%(2) | 116,133 | |
Flagstar Mortgage Trust | |||
572,962 | 2.00%, 09/25/2041(1)(3) | 489,477 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.1% - (continued) | |||
Whole Loan Collateral CMO - 0.1% - (continued) | |||
$ 271,906 | 4.00%, 05/25/2048(1)(3) | $ 246,493 | |
191,260 | MetLife Securitization Trust 3.00%, 04/25/2055(1)(3) | 178,774 | |
72,009 | Mill City Mortgage Loan Trust 2.75%, 01/25/2061(1)(3) | 70,714 | |
393,641 | Seasoned Credit Risk Transfer Trust 3.50%, 10/25/2058 | 368,785 | |
Towd Point Mortgage Trust | |||
159,052 | 2.75%, 06/25/2057(1)(3) | 152,249 | |
60,013 | 3.00%, 01/25/2058(1)(3) | 58,323 | |
2,009,822 | |||
Total Asset & Commercial Mortgage-Backed Securities (cost $19,925,724) | $ 19,446,422 | ||
CORPORATE BONDS - 11.6% | |||
Aerospace/Defense - 0.3% | |||
415,000 | BAE Systems PLC 5.25%, 03/26/2031(1) | $ 417,017 | |
HEICO Corp. | |||
1,816,000 | 5.25%, 08/01/2028 | 1,825,273 | |
2,325,000 | 5.35%, 08/01/2033 | 2,334,717 | |
560,000 | Lockheed Martin Corp. 4.85%, 09/15/2041 | 526,941 | |
5,103,948 | |||
Agriculture - 0.4% | |||
Archer-Daniels-Midland Co. | |||
1,325,000 | 2.90%, 03/01/2032 | 1,142,162 | |
1,109,000 | 4.50%, 08/15/2033 | 1,073,959 | |
Philip Morris International, Inc. | |||
985,000 | 5.13%, 02/13/2031 | 980,010 | |
3,537,000 | 5.25%, 02/13/2034 | 3,508,975 | |
6,705,106 | |||
Airlines - 0.0% | |||
83,254 | United Airlines Pass-Through Trust 4.60%, 09/01/2027 | 80,336 | |
Auto Manufacturers - 0.0% | |||
270,000 | Daimler Truck Finance North America LLC 5.15%, 01/16/2026(1) | 269,055 | |
Beverages - 0.1% | |||
990,000 | Anheuser-Busch InBev Worldwide, Inc. 4.38%, 04/15/2038 | 920,395 | |
1,590,000 | Keurig Dr Pepper, Inc. 5.05%, 03/15/2029 | 1,594,274 | |
2,514,669 | |||
Commercial Banks - 2.7% | |||
320,000 | AIB Group PLC 5.87%, 03/28/2035, (5.87% fixed rate until 03/28/2034; 6 mo. USD SOFR + 1.91% thereafter)(1)(4) | 321,440 | |
Bank of America Corp. | |||
1,570,000 | 1.73%, 07/22/2027, (1.73% fixed rate until 07/22/2026; 6 mo. USD SOFR + 0.96% thereafter)(4) | 1,447,998 | |
1,215,000 | 2.30%, 07/21/2032, (2.30% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.22% thereafter)(4) | 995,403 | |
1,799,000 | 3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter)(4) | 1,686,667 | |
1,610,000 | 3.59%, 07/21/2028, (3.59% fixed rate until 07/21/2027; 3 mo. USD Term SOFR + 1.63% thereafter)(4) | 1,530,811 |
1 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Commercial Banks - 2.7% - (continued) | |||
$ 2,239,000 | 5.82%, 09/15/2029, (5.82% fixed rate until 09/15/2028; 6 mo. USD SOFR + 1.57% thereafter)(4) | $ 2,297,207 | |
574,000 | 5.87%, 09/15/2034, (5.87% fixed rate until 09/15/2033; 6 mo. USD SOFR + 1.84% thereafter)(4) | 595,023 | |
2,494,000 | Bank of New York Mellon Corp. 4.97%, 04/26/2034, (4.97% fixed rate until 04/26/2033; 6 mo. USD SOFR + 1.61% thereafter)(4) | 2,449,259 | |
BNP Paribas SA | |||
830,000 | 2.82%, 11/19/2025, (2.82% fixed rate until 11/19/2024; 3 mo. USD Term SOFR + 1.37% thereafter)(1)(4) | 814,070 | |
1,640,000 | 5.89%, 12/05/2034, (5.89% fixed rate until 12/05/2033; 6 mo. USD SOFR + 1.87% thereafter)(1)(4) | 1,717,801 | |
2,445,000 | BPCE SA 6.71%, 10/19/2029, (6.71% fixed rate until 10/19/2028; 6 mo. USD SOFR + 2.27% thereafter)(1)(4) | 2,559,215 | |
455,000 | Citizens Financial Group, Inc. 5.84%, 01/23/2030, (5.84% fixed rate until 01/23/2029; 6 mo. USD SOFR + 2.01% thereafter)(4) | 454,132 | |
2,505,000 | Commonwealth Bank of Australia 5.07%, 09/14/2028(1)(5) | 2,530,644 | |
2,733,000 | Credit Agricole SA 6.32%, 10/03/2029, (6.32% fixed rate until 10/03/2028; 6 mo. USD SOFR + 1.86% thereafter)(1)(4) | 2,836,564 | |
2,737,000 | Credit Suisse AG 7.50%, 02/15/2028 | 2,954,060 | |
Danske Bank AS | |||
1,865,000 | 1.62%, 09/11/2026, (1.62% fixed rate until 09/11/2025; 1 yr. USD CMT + 1.35% thereafter)(1)(4) | 1,756,085 | |
900,000 | 5.71%, 03/01/2030, (5.71% fixed rate until 03/01/2029; 1 yr. USD CMT + 1.40% thereafter)(1)(4) | 906,493 | |
1,555,000 | 6.26%, 09/22/2026, (6.26% fixed rate until 09/22/2025; 1 yr. USD CMT + 1.18% thereafter)(1)(4) | 1,570,278 | |
1,960,000 | Deutsche Bank AG 6.82%, 11/20/2029, (6.82% fixed rate until 11/20/2028; 6 mo. USD SOFR + 2.51% thereafter)(4) | 2,050,391 | |
1,150,000 | Goldman Sachs Group, Inc. 6.25%, 02/01/2041 | 1,248,120 | |
850,000 | ING Groep NV 5.34%, 03/19/2030, (5.34% fixed rate until 03/19/2029; 6 mo. USD SOFR + 1.44% thereafter)(4) | 847,785 | |
JP Morgan Chase & Co. | |||
620,000 | 2.52%, 04/22/2031, (2.52% fixed rate until 04/22/2030; 6 mo. USD SOFR + 2.04% thereafter)(4) | 535,753 | |
390,000 | 3.11%, 04/22/2041, (3.11% fixed rate until 04/22/2040; 3 mo. USD Term SOFR + 2.46% thereafter)(4) | 296,209 | |
705,000 | 3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD Term SOFR + 1.42% thereafter)(4) | 660,824 | |
805,000 | 4.45%, 12/05/2029, (4.45% fixed rate until 12/05/2028; 3 mo. USD Term SOFR + 1.59% thereafter)(4) | 784,739 | |
Morgan Stanley | |||
1,450,000 | 3.13%, 07/27/2026 | 1,387,288 | |
1,000,000 | 3.70%, 10/23/2024 | 989,961 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Commercial Banks - 2.7% - (continued) | |||
$ 790,000 | 5.47%, 01/18/2035, (5.47% fixed rate until 01/18/2034; 6 mo. USD SOFR + 1.73% thereafter)(4) | $ 797,793 | |
1,372,000 | 5.95%, 01/19/2038, (5.95% fixed rate until 01/19/2033; 5 yr. USD CMT + 2.43% thereafter)(4) | 1,368,931 | |
1,545,000 | UBS AG 5.65%, 09/11/2028 | 1,582,648 | |
UBS Group AG | |||
1,695,000 | 1.49%, 08/10/2027, (1.49% fixed rate until 08/10/2026; 1 yr. USD CMT + 0.85% thereafter)(1)(4) | 1,541,670 | |
320,000 | 6.30%, 09/22/2034, (6.30% fixed rate until 09/22/2033; 1 yr. USD CMT + 2.00% thereafter)(1)(4) | 335,553 | |
Wells Fargo & Co. | |||
1,750,000 | 4.61%, 04/25/2053, (4.61% fixed rate until 04/25/2052; 6 mo. USD SOFR + 2.13% thereafter)(4) | 1,541,029 | |
1,665,000 | 6.30%, 10/23/2029, (6.30% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.79% thereafter)(4) | 1,734,382 | |
47,126,226 | |||
Commercial Services - 0.3% | |||
Ashtead Capital, Inc. | |||
2,285,000 | 2.45%, 08/12/2031(1) | 1,856,826 | |
600,000 | 5.50%, 08/11/2032(1) | 586,824 | |
380,000 | 5.55%, 05/30/2033(1) | 373,643 | |
470,000 | 5.80%, 04/15/2034(1) | 470,701 | |
475,000 | 5.95%, 10/15/2033(1) | 480,804 | |
715,000 | Element Fleet Management Corp. 5.64%, 03/13/2027(1) | 717,184 | |
895,000 | ERAC USA Finance LLC 5.20%, 10/30/2034(1) | 894,107 | |
5,380,089 | |||
Diversified Financial Services - 0.6% | |||
American Express Co. | |||
1,698,000 | 5.04%, 05/01/2034, (5.04% fixed rate until 05/01/2033; 6 mo. USD SOFR + 1.84% thereafter)(4) | 1,679,768 | |
195,000 | 6.49%, 10/30/2031, (6.49% fixed rate until 10/30/2030; 6 mo. USD SOFR + 1.94% thereafter)(4) | 209,045 | |
1,715,000 | Aviation Capital Group LLC 1.95%, 09/20/2026(1) | 1,567,451 | |
2,615,000 | Blackstone Holdings Finance Co. LLC 2.55%, 03/30/2032(1) | 2,169,592 | |
Capital One Financial Corp. | |||
455,000 | 5.70%, 02/01/2030, (5.70% fixed rate until 02/01/2029; 6 mo. USD SOFR + 1.91% thereafter)(4) | 458,777 | |
580,000 | 6.31%, 06/08/2029, (6.31% fixed rate until 06/08/2028; 6 mo. USD SOFR + 2.64% thereafter)(4) | 596,770 | |
535,000 | 7.15%, 10/29/2027, (7.15% fixed rate until 10/29/2026; 6 mo. USD SOFR + 2.44% thereafter)(4) | 556,934 | |
Intercontinental Exchange, Inc. | |||
2,185,000 | 4.00%, 09/15/2027 | 2,120,569 | |
816,000 | 4.35%, 06/15/2029 | 794,669 | |
Nasdaq, Inc. | |||
175,000 | 5.95%, 08/15/2053 | 184,680 | |
165,000 | 6.10%, 06/28/2063 | 175,832 | |
10,514,087 |
2 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Electric - 1.1% | |||
$ 1,200,000 | American Transmission Systems, Inc. 2.65%, 01/15/2032(1) | $ 994,390 | |
1,960,000 | Cleveland Electric Illuminating Co. 3.50%, 04/01/2028(1) | 1,829,867 | |
360,000 | Dominion Energy South Carolina, Inc. 6.63%, 02/01/2032 | 398,359 | |
Dominion Energy, Inc. | |||
55,000 | 3.38%, 04/01/2030 | 50,003 | |
607,000 | 5.38%, 11/15/2032 | 611,002 | |
990,000 | Emera U.S. Finance LP 2.64%, 06/15/2031 | 807,764 | |
FirstEnergy Pennsylvania Electric Co. | |||
241,000 | 3.60%, 06/01/2029(1) | 223,991 | |
60,000 | 5.15%, 03/30/2026(1) | 59,513 | |
75,000 | 5.20%, 04/01/2028(1) | 75,127 | |
Georgia Power Co. | |||
3,073,000 | 4.70%, 05/15/2032 | 3,000,073 | |
245,000 | 4.75%, 09/01/2040 | 225,696 | |
826,000 | 5.13%, 05/15/2052 | 798,989 | |
625,000 | NextEra Energy Capital Holdings, Inc. 5.75%, 09/01/2025 | 627,511 | |
Pacific Gas & Electric Co. | |||
2,613,300 | 4.50%, 07/01/2040 | 2,235,047 | |
789,000 | 6.75%, 01/15/2053 | 858,876 | |
Public Service Enterprise Group, Inc. | |||
990,000 | 5.20%, 04/01/2029 | 990,369 | |
570,000 | 5.45%, 04/01/2034 | 571,687 | |
860,000 | San Diego Gas & Electric Co. 3.70%, 03/15/2052 | 649,803 | |
SCE Recovery Funding LLC | |||
400,209 | 0.86%, 11/15/2033 | 342,907 | |
220,000 | 1.94%, 05/15/2040 | 160,943 | |
125,000 | 2.51%, 11/15/2043 | 86,078 | |
1,156,000 | Sempra 4.13%, 04/01/2052, (4.13% fixed rate until 01/01/2027; 5 yr. USD CMT + 2.87% thereafter)(4)(5) | 1,066,542 | |
1,241,000 | Southern California Edison Co. 5.88%, 12/01/2053 | 1,280,845 | |
1,471,488 | Texas Electric Market Stabilization Funding N LLC 4.27%, 08/01/2036(1) | 1,424,257 | |
19,369,639 | |||
Entertainment - 0.2% | |||
3,341,000 | Warnermedia Holdings, Inc. 4.05%, 03/15/2029 | 3,127,677 | |
Food - 0.2% | |||
480,000 | Sigma Alimentos SA de CV 4.13%, 05/02/2026(1) | 464,173 | |
2,226,000 | Tyson Foods, Inc. 5.70%, 03/15/2034 | 2,253,744 | |
2,717,917 | |||
Gas - 0.2% | |||
330,000 | Boston Gas Co. 3.15%, 08/01/2027(1) | 306,180 | |
1,870,000 | KeySpan Gas East Corp. 2.74%, 08/15/2026(1) | 1,745,473 | |
790,000 | Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 | 818,573 | |
2,870,226 | |||
Healthcare - Products - 0.4% | |||
Alcon Finance Corp. | |||
4,706,000 | 3.00%, 09/23/2029(1) | 4,249,492 | |
200,000 | 5.38%, 12/06/2032(1) | 201,939 | |
200,000 | 5.75%, 12/06/2052(1) | 207,325 | |
1,595,000 | Smith & Nephew PLC 5.40%, 03/20/2034 | 1,589,297 | |
6,248,053 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Healthcare - Services - 0.4% | |||
$ 285,000 | Children's Hospital 2.93%, 07/15/2050 | $ 183,953 | |
714,000 | Dignity Health 3.81%, 11/01/2024 | 703,785 | |
450,000 | HCA, Inc. 5.45%, 04/01/2031 | 452,739 | |
Humana, Inc. | |||
655,000 | 5.38%, 04/15/2031 | 655,611 | |
820,000 | 5.50%, 03/15/2053 | 798,432 | |
963,000 | 5.88%, 03/01/2033 | 993,721 | |
2,190,000 | Providence St Joseph Health Obligated Group 5.40%, 10/01/2033(5) | 2,225,266 | |
175,000 | Sutter Health 2.29%, 08/15/2030 | 150,012 | |
320,000 | Toledo Hospital 5.75%, 11/15/2038 | 317,777 | |
UnitedHealth Group, Inc. | |||
355,000 | 2.00%, 05/15/2030 | 301,821 | |
645,000 | 4.20%, 05/15/2032 | 613,410 | |
95,000 | 4.75%, 05/15/2052 | 88,215 | |
7,484,742 | |||
Insurance - 0.6% | |||
American International Group, Inc. | |||
437,000 | 3.40%, 06/30/2030 | 399,811 | |
375,000 | 4.38%, 06/30/2050 | 325,203 | |
Athene Global Funding | |||
2,815,000 | 2.50%, 03/24/2028(1) | 2,512,402 | |
1,280,000 | 5.58%, 01/09/2029(1) | 1,288,619 | |
1,404,000 | Corebridge Financial, Inc. 4.35%, 04/05/2042 | 1,187,299 | |
275,000 | Corebridge Global Funding 5.90%, 09/19/2028(1) | 281,793 | |
1,200,000 | Equitable Financial Life Global Funding 1.40%, 08/27/2027(1) | 1,048,429 | |
1,350,000 | GA Global Funding Trust 5.50%, 01/08/2029(1) | 1,356,523 | |
1,330,000 | MetLife, Inc. 5.38%, 07/15/2033 | 1,357,854 | |
9,757,933 | |||
Investment Company Security - 0.0% | |||
1,120,000 | JAB Holdings BV 3.75%, 05/28/2051(1) | 733,332 | |
Lodging - 0.1% | |||
2,003,000 | Genting New York LLC/GENNY Capital, Inc. 3.30%, 02/15/2026(1) | 1,922,499 | |
Machinery-Diversified - 0.2% | |||
765,000 | AGCO Corp. 5.80%, 03/21/2034 | 774,552 | |
2,805,000 | Westinghouse Air Brake Technologies Corp. 5.61%, 03/11/2034 | 2,841,648 | |
3,616,200 | |||
Media - 0.2% | |||
2,405,000 | Comcast Corp. 3.25%, 11/01/2039 | 1,883,528 | |
567,000 | Discovery Communications LLC 4.00%, 09/15/2055 | 388,361 | |
Time Warner Cable LLC | |||
395,000 | 6.55%, 05/01/2037 | 373,918 | |
250,000 | 7.30%, 07/01/2038 | 253,108 | |
2,898,915 | |||
Mining - 0.4% | |||
Glencore Funding LLC | |||
805,000 | 5.37%, 04/04/2029(1) | 807,028 | |
345,000 | 5.70%, 05/08/2033(1) | 351,009 | |
425,000 | 5.89%, 04/04/2054(1) | 431,228 | |
3,540,000 | 6.38%, 10/06/2030(1) | 3,735,006 | |
757,000 | 6.50%, 10/06/2033(1) | 808,435 | |
6,132,706 | |||
Oil & Gas - 0.2% | |||
Equinor ASA | |||
85,000 | 2.88%, 04/06/2025 | 83,024 |
3 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Oil & Gas - 0.2% - (continued) | |||
$ 2,470,000 | 3.00%, 04/06/2027 | $ 2,343,175 | |
QatarEnergy | |||
935,000 | 2.25%, 07/12/2031(1) | 782,449 | |
780,000 | 3.13%, 07/12/2041(1) | 580,699 | |
615,000 | Saudi Arabian Oil Co. 3.50%, 04/16/2029(1) | 572,998 | |
4,362,345 | |||
Pharmaceuticals - 0.1% | |||
AbbVie, Inc. | |||
1,085,000 | 4.95%, 03/15/2031 | 1,092,681 | |
80,000 | 5.35%, 03/15/2044 | 81,692 | |
325,000 | 5.40%, 03/15/2054 | 334,474 | |
113,000 | CVS Health Corp. 4.30%, 03/25/2028 | 110,315 | |
1,619,162 | |||
Pipelines - 0.4% | |||
305,000 | Columbia Pipelines Holding Co. LLC 5.68%, 01/15/2034(1) | 303,207 | |
Columbia Pipelines Operating Co. LLC | |||
375,000 | 5.93%, 08/15/2030(1) | 385,075 | |
676,000 | 6.50%, 08/15/2043(1) | 725,212 | |
Energy Transfer LP | |||
180,000 | 4.95%, 06/15/2028 | 178,466 | |
750,000 | 5.00%, 05/15/2050 | 659,009 | |
945,000 | 5.35%, 05/15/2045 | 872,111 | |
160,000 | 5.55%, 05/15/2034 | 160,488 | |
1,762,588 | Galaxy Pipeline Assets Bidco Ltd. 2.16%, 03/31/2034(1) | 1,515,800 | |
Gray Oak Pipeline LLC | |||
606,000 | 2.60%, 10/15/2025(1) | 577,791 | |
100,000 | 3.45%, 10/15/2027(1) | 93,896 | |
795,000 | Targa Resources Corp. 6.15%, 03/01/2029 | 827,276 | |
6,298,331 | |||
Real Estate Investment Trusts - 1.2% | |||
2,410,000 | American Tower Trust #1 5.49%, 03/15/2028(1) | 2,431,320 | |
Extra Space Storage LP | |||
435,000 | 5.50%, 07/01/2030 | 439,723 | |
935,000 | 5.90%, 01/15/2031 | 968,120 | |
2,612,000 | GLP Capital LP/GLP Financing II, Inc. 6.75%, 12/01/2033 | 2,750,893 | |
3,259,000 | Kite Realty Group LP 5.50%, 03/01/2034 | 3,239,815 | |
2,718,000 | LXP Industrial Trust 6.75%, 11/15/2028 | 2,835,223 | |
400,000 | Prologis Targeted U.S. Logistics Fund LP 5.25%, 04/01/2029(1) | 398,874 | |
2,610,000 | Realty Income Corp. 5.13%, 02/15/2034 | 2,565,573 | |
SBA Tower Trust | |||
545,000 | 1.63%, 05/15/2051(1) | 493,302 | |
300,000 | 1.88%, 07/15/2050(1) | 280,092 | |
470,000 | 2.84%, 01/15/2050(1) | 458,732 | |
1,323,000 | VICI Properties LP 6.13%, 04/01/2054 | 1,308,025 | |
1,842,000 | VICI Properties LP/VICI Note Co., Inc. 5.75%, 02/01/2027(1) | 1,839,827 | |
WEA Finance LLC | |||
160,000 | 2.88%, 01/15/2027(1) | 146,407 | |
350,000 | 3.50%, 06/15/2029(1) | 309,485 | |
20,465,411 | |||
Semiconductors - 0.2% | |||
2,704,000 | Broadcom, Inc. 3.47%, 04/15/2034(1) | 2,320,389 | |
1,929,000 | Intel Corp. 5.60%, 02/21/2054 | 1,969,509 | |
4,289,898 | |||
Software - 0.4% | |||
Constellation Software, Inc. | |||
225,000 | 5.16%, 02/16/2029(1) | 224,880 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 11.6% - (continued) | |||
Software - 0.4% - (continued) | |||
$ 2,826,000 | 5.46%, 02/16/2034(1) | $ 2,847,235 | |
3,844,000 | Oracle Corp. 3.65%, 03/25/2041 | 3,023,370 | |
6,095,485 | |||
Telecommunications - 0.4% | |||
AT&T, Inc. | |||
1,589,000 | 3.50%, 09/15/2053 | 1,122,832 | |
84,000 | 3.65%, 06/01/2051 | 61,812 | |
146,000 | 3.85%, 06/01/2060 | 105,765 | |
1,841,000 | 4.30%, 12/15/2042 | 1,577,045 | |
560,000 | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 4.74%, 09/20/2029(1) | 556,983 | |
T-Mobile USA, Inc. | |||
3,005,000 | 3.38%, 04/15/2029 | 2,774,886 | |
41,000 | 5.75%, 01/15/2054 | 42,533 | |
Verizon Communications, Inc. | |||
500,000 | 2.88%, 11/20/2050 | 327,294 | |
760,000 | 2.99%, 10/30/2056 | 486,878 | |
513,000 | 3.00%, 11/20/2060 | 319,939 | |
7,375,967 | |||
Trucking & Leasing - 0.3% | |||
2,185,000 | DAE Funding LLC 1.55%, 08/01/2024(1) | 2,149,205 | |
2,850,000 | Penske Truck Leasing Co. LP/PTL Finance Corp. 3.95%, 03/10/2025(1) | 2,804,513 | |
4,953,718 | |||
Total Corporate Bonds (cost $202,891,400) | $ 200,033,672 | ||
FOREIGN GOVERNMENT OBLIGATIONS - 0.5% | |||
Israel - 0.2% | |||
Israel Government International Bonds | |||
1,630,000 | 5.38%, 03/12/2029 | $ 1,633,667 | |
1,170,000 | 5.50%, 03/12/2034 | 1,155,305 | |
1,166,000 | 5.75%, 03/12/2054 | 1,117,238 | |
3,906,210 | |||
Mexico - 0.1% | |||
1,400,000 | Mexico Government International Bonds 6.40%, 05/07/2054 | 1,395,244 | |
Saudi Arabia - 0.2% | |||
Saudi Government International Bonds | |||
2,195,000 | 5.00%, 01/16/2034(1) | 2,180,776 | |
1,640,000 | 5.75%, 01/16/2054(1) | 1,619,828 | |
3,800,604 | |||
Total Foreign Government Obligations (cost $9,070,316) | $ 9,102,058 | ||
MUNICIPAL BONDS - 0.6% | |||
Airport - 0.0% | |||
Dallas Fort Worth International Airport, TX, Rev | |||
60,000 | 4.09%, 11/01/2051 | $ 51,653 | |
265,000 | 4.51%, 11/01/2051 | 243,506 | |
710,000 | Port Auth of New York & New Jersey, NY, Rev 3.18%, 07/15/2060 | 491,980 | |
787,139 | |||
General - 0.1% | |||
174,655 | Chicago Transit Auth Sales & Transfer Tax Receipts, IL, Rev 6.90%, 12/01/2040 | 197,282 |
4 |
Shares or Principal Amount | Market Value† | ||
MUNICIPAL BONDS - 0.6% - (continued) | |||
General - 0.1% - (continued) | |||
$ 540,000 | Kansas Dev Finance Auth, KS, Rev, (BAM) 2.77%, 05/01/2051 | $ 377,754 | |
1,250,000 | Philadelphia Auth for Industrial Dev, PA, Rev, (NATL Insured) 6.55%, 10/15/2028 | 1,342,153 | |
1,917,189 | |||
General Obligation - 0.2% | |||
2,935,000 | State of Illinois, IL, GO 5.10%, 06/01/2033 | 2,913,637 | |
Tobacco - 0.0% | |||
145,000 | Golden State Tobacco Securitization Corp., CA, Rev, (ST APPROP Insured) 3.00%, 06/01/2046 | 133,873 | |
Transportation - 0.1% | |||
Metropolitan Transportation Auth, NY, Rev | |||
25,000 | 6.20%, 11/15/2026 | 25,287 | |
375,000 | 6.67%, 11/15/2039 | 412,500 | |
785,000 | 6.81%, 11/15/2040 | 872,466 | |
1,310,253 | |||
Utilities - 0.1% | |||
925,000 | Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035 | 933,090 | |
Utility - Electric - 0.1% | |||
735,000 | Illinois Municipal Electric Agency, IL, Rev 6.83%, 02/01/2035 | 789,899 | |
824,000 | Municipal Electric Auth of Georgia, GA, Rev 6.64%, 04/01/2057 | 949,135 | |
1,739,034 | |||
Total Municipal Bonds (cost $10,592,507) | $ 9,734,215 | ||
U.S. GOVERNMENT AGENCIES - 0.8% | |||
Mortgage-Backed Agencies - 0.8% | |||
Federal Home Loan Mortgage Corp. - 0.4% | |||
795,000 | 4.43%, 02/25/2033(3) | $ 780,945 | |
2,242,613 | 5.00%, 06/01/2053 | 2,189,693 | |
593,309 | 5.00%, 11/01/2053 | 579,350 | |
278,902 | 5.50%, 03/01/2053 | 278,133 | |
2,077,576 | 5.50%, 05/01/2053 | 2,069,232 | |
827,633 | 5.50%, 09/01/2053 | 829,452 | |
722,424 | 5.50%, 11/01/2053 | 719,279 | |
1,449 | 5.68%, 04/01/2029, 1 yr. USD CMT + 2.24%(2) | 1,438 | |
7,447,522 | |||
Federal National Mortgage Association - 0.2% | |||
2,864,077 | 5.00%, 11/01/2053 | 2,797,150 | |
276,154 | 5.50%, 08/01/2053 | 275,305 | |
56,015 | 5.84%, 10/25/2024, 30 day USD SOFR Average + 0.51%(2) | 55,702 | |
3,128,157 | |||
Government National Mortgage Association - 0.2% | |||
2,127,341 | 2.50%, 10/20/2049 | 1,845,039 | |
30,003 | 5.00%, 07/15/2037 | 30,068 | |
1 | 6.00%, 06/15/2024 | 1 | |
1,007 | 6.00%, 07/15/2026 | 1,021 | |
571 | 6.00%, 03/15/2028 | 582 | |
861 | 6.00%, 04/15/2028 | 875 | |
21,093 | 6.00%, 05/15/2028 | 21,342 | |
10,081 | 6.00%, 07/15/2028 | 10,251 | |
3,530 | 6.00%, 08/15/2028 | 3,582 | |
20,206 | 6.00%, 09/15/2028 | 20,511 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 0.8% - (continued) | |||
Mortgage-Backed Agencies - 0.8% - (continued) | |||
Government National Mortgage Association - 0.2% - (continued) | |||
$ 29,768 | 6.00%, 10/15/2028 | $ 30,142 | |
25,451 | 6.00%, 11/15/2028 | 25,768 | |
19,831 | 6.00%, 12/15/2028 | 20,170 | |
451 | 6.00%, 12/15/2031 | 462 | |
8,127 | 6.00%, 09/15/2032 | 8,430 | |
3,259 | 6.00%, 11/15/2032 | 3,350 | |
1,422 | 6.00%, 04/15/2033 | 1,443 | |
36,898 | 6.00%, 06/15/2033 | 38,048 | |
11,891 | 6.00%, 10/15/2033 | 12,228 | |
982 | 6.00%, 11/15/2033 | 1,023 | |
18,229 | 6.00%, 10/15/2034 | 18,555 | |
44,580 | 6.00%, 01/15/2035 | 45,369 | |
5,170 | 6.00%, 05/15/2035 | 5,268 | |
5,913 | 6.00%, 06/15/2035 | 6,018 | |
73 | 6.50%, 03/15/2026 | 75 | |
197 | 6.50%, 01/15/2028 | 200 | |
15,729 | 6.50%, 03/15/2028 | 16,057 | |
26,558 | 6.50%, 04/15/2028 | 27,062 | |
7,079 | 6.50%, 05/15/2028 | 7,227 | |
42,830 | 6.50%, 06/15/2028 | 43,881 | |
2,548 | 6.50%, 10/15/2028 | 2,593 | |
770 | 6.50%, 02/15/2035 | 789 | |
1,681 | 7.00%, 11/15/2031 | 1,706 | |
1,015 | 7.00%, 03/15/2032 | 1,029 | |
395,107 | 7.00%, 11/15/2032 | 412,758 | |
39,920 | 7.00%, 01/15/2033 | 41,187 | |
46,961 | 7.00%, 05/15/2033 | 48,189 | |
6,189 | 7.00%, 07/15/2033 | 6,341 | |
52,847 | 7.00%, 11/15/2033 | 54,366 | |
18,086 | 7.50%, 09/16/2035 | 18,473 | |
21 | 8.00%, 09/15/2026 | 21 | |
1,160 | 8.00%, 12/15/2026 | 1,169 | |
12 | 8.00%, 09/15/2027 | 12 | |
1,053 | 8.00%, 07/15/2029 | 1,075 | |
1,031 | 8.00%, 12/15/2029 | 1,036 | |
2,577 | 8.00%, 01/15/2030 | 2,578 | |
1,093 | 8.00%, 02/15/2030 | 1,088 | |
513 | 8.00%, 03/15/2030 | 511 | |
4,826 | 8.00%, 04/15/2030 | 4,830 | |
2,743 | 8.00%, 05/15/2030 | 2,751 | |
14,204 | 8.00%, 06/15/2030 | 14,313 | |
783 | 8.00%, 07/15/2030 | 783 | |
21,187 | 8.00%, 08/15/2030 | 21,291 | |
10,026 | 8.00%, 09/15/2030 | 10,034 | |
43,830 | 8.00%, 12/15/2030 | 44,112 | |
2,937,083 | |||
Total U.S. Government Agencies (cost $13,455,163) | $ 13,512,762 | ||
U.S. GOVERNMENT SECURITIES - 17.7% | |||
U.S. Treasury Securities - 17.7% | |||
U.S. Treasury Bonds - 5.9% | |||
10,147,700 | 2.50%, 02/15/2045(6) | $ 7,432,397 | |
2,041,900 | 2.75%, 11/15/2047 | 1,528,394 | |
7,630,100 | 2.88%, 05/15/2052 | 5,784,570 | |
400,000 | 3.25%, 05/15/2042 | 340,562 | |
5,288,500 | 3.38%, 08/15/2042 | 4,574,966 | |
6,095,900 | 3.63%, 02/15/2053 | 5,362,963 | |
6,254,900 | 3.63%, 05/15/2053 | 5,505,778 | |
8,346,800 | 3.88%, 02/15/2043 | 7,727,637 | |
8,002,100 | 3.88%, 05/15/2043 | 7,396,629 | |
6,040,000 | 4.00%, 11/15/2042 | 5,698,127 |
5 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT SECURITIES - 17.7% - (continued) | |||
U.S. Treasury Securities - 17.7% - (continued) | |||
U.S. Treasury Bonds - 5.9% - (continued) | |||
$ 6,259,200 | 4.00%, 11/15/2052 | $ 5,895,628 | |
2,696,900 | 4.13%, 08/15/2053 | 2,596,609 | |
5,567,300 | 4.25%, 02/15/2054 | 5,485,530 | |
12,050,000 | 4.38%, 02/15/2038 | 12,308,416 | |
6,195,900 | 4.38%, 08/15/2043 | 6,131,037 | |
6,455,900 | 4.50%, 02/15/2044 | 6,500,284 | |
5,604,000 | 4.75%, 11/15/2043 | 5,822,031 | |
5,881,700 | 4.75%, 11/15/2053 | 6,289,743 | |
102,381,301 | |||
U.S. Treasury Notes - 11.8% | |||
3,825,000 | 0.38%, 11/30/2025 | 3,559,192 | |
1,080,000 | 0.88%, 09/30/2026 | 988,706 | |
150,000 | 1.25%, 05/31/2028 | 132,779 | |
603,000 | 1.25%, 09/30/2028 | 529,368 | |
1,020,000 | 1.38%, 10/31/2028 | 899,034 | |
4,505,600 | 1.50%, 01/31/2027 | 4,156,240 | |
530,000 | 1.50%, 11/30/2028 | 469,050 | |
2,115,000 | 1.63%, 10/31/2026 | 1,969,346 | |
590,000 | 2.63%, 07/31/2029 | 545,450 | |
4,670,000 | 2.75%, 04/30/2027 | 4,448,905 | |
890,000 | 2.75%, 05/31/2029 | 829,543 | |
1,245,000 | 3.13%, 08/15/2025 | 1,216,793 | |
897,000 | 3.13%, 08/31/2027 | 862,066 | |
6,555,000 | 3.25%, 06/30/2027 | 6,332,745 | |
326,000 | 3.25%, 06/30/2029 | 311,088 | |
414,000 | 3.50%, 09/15/2025 | 406,335 | |
3,074,000 | 3.50%, 04/30/2028 | 2,983,461 | |
635,000 | 3.50%, 04/30/2030 | 610,617 | |
4,313,500 | 3.63%, 03/31/2028 | 4,207,179 | |
1,369,000 | 3.63%, 05/31/2028 | 1,334,989 | |
512,000 | 3.63%, 03/31/2030 | 495,940 | |
7,134,400 | 3.75%, 12/31/2028 | 6,986,138 | |
620,000 | 3.75%, 05/31/2030 | 604,161 | |
1,633,000 | 3.75%, 06/30/2030 | 1,590,835 | |
1,598,000 | 3.75%, 12/31/2030 | 1,554,866 | |
5,122,000 | 3.88%, 11/30/2027 | 5,041,569 | |
7,157,100 | 3.88%, 12/31/2027 | 7,044,991 | |
685,000 | 3.88%, 11/30/2029 | 673,066 | |
1,100,000 | 4.00%, 12/15/2025 | 1,086,680 | |
2,186,000 | 4.00%, 02/15/2026 | 2,159,273 | |
411,000 | 4.00%, 01/15/2027 | 406,216 | |
8,016,000 | 4.00%, 02/29/2028 | 7,926,446 | |
3,203,000 | 4.00%, 06/30/2028 | 3,169,093 | |
12,700,000 | 4.00%, 01/31/2029 | 12,575,977 | |
150,000 | 4.00%, 10/31/2029 | 148,318 | |
483,900 | 4.00%, 07/31/2030 | 477,908 | |
154,900 | 4.00%, 02/15/2034 | 152,480 | |
260,000 | 4.13%, 06/15/2026 | 257,512 | |
12,018,900 | 4.13%, 09/30/2027 | 11,930,636 | |
3,381,200 | 4.13%, 10/31/2027 | 3,355,841 | |
4,725,200 | 4.13%, 07/31/2028 | 4,698,252 | |
4,097,200 | 4.13%, 03/31/2029 | 4,083,593 | |
754,300 | 4.13%, 08/31/2030 | 749,998 | |
11,364,000 | 4.25%, 01/31/2026 | 11,276,551 | |
8,880,700 | 4.25%, 02/28/2029 | 8,897,351 | |
3,953,000 | 4.38%, 12/15/2026 | 3,944,662 | |
3,675,700 | 4.38%, 08/31/2028 | 3,692,786 | |
4,531,000 | 4.38%, 11/30/2028 | 4,557,372 | |
130,000 | 4.38%, 11/30/2030 | 131,173 | |
8,602,300 | 4.63%, 02/28/2026 | 8,597,260 | |
730,000 | 4.63%, 10/15/2026 | 732,310 | |
866,000 | 4.63%, 11/15/2026 | 869,078 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT SECURITIES - 17.7% - (continued) | |||
U.S. Treasury Securities - 17.7% - (continued) | |||
U.S. Treasury Notes - 11.8% - (continued) | |||
$ 4,485,000 | 4.63%, 09/30/2028 | $ 4,552,100 | |
1,471,000 | 4.75%, 07/31/2025 | 1,468,587 | |
11,114,000 | 4.88%, 11/30/2025 | 11,132,234 | |
11,962,000 | 4.88%, 10/31/2028 | 12,268,993 | |
927,000 | 4.88%, 10/31/2030 | 961,364 | |
9,805,900 | 5.00%, 08/31/2025 | 9,826,967 | |
5,874,000 | 5.00%, 09/30/2025 | 5,889,373 | |
202,760,836 | |||
Total U.S. Government Securities (cost $312,765,556) | $ 305,142,137 | ||
COMMON STOCKS - 66.0% | |||
Automobiles & Components - 0.9% | |||
411,177 | Gentex Corp. | $ 14,851,713 | |
Banks - 3.9% | |||
159,152 | JP Morgan Chase & Co. | 31,878,146 | |
138,889 | M&T Bank Corp. | 20,200,016 | |
97,357 | PNC Financial Services Group, Inc. | 15,732,891 | |
67,811,053 | |||
Capital Goods - 4.7% | |||
134,202 | Emerson Electric Co. | 15,221,191 | |
145,998 | Fortune Brands Innovations, Inc. | 12,361,651 | |
49,909 | General Dynamics Corp. | 14,098,793 | |
214,361 | Johnson Controls International PLC | 14,002,061 | |
59,644 | L3Harris Technologies, Inc. | 12,710,136 | |
76,238 | Middleby Corp.* | 12,258,308 | |
80,652,140 | |||
Consumer Discretionary Distribution & Retail - 1.5% | |||
244,293 | LKQ Corp. | 13,047,689 | |
48,842 | Tractor Supply Co. | 12,782,928 | |
25,830,617 | |||
Consumer Durables & Apparel - 0.7% | |||
74,501 | Lennar Corp. Class A | 12,812,682 | |
Consumer Services - 3.1% | |||
88,892 | Airbnb, Inc. Class A* | 14,663,624 | |
332,943 | H&R Block, Inc. | 16,350,831 | |
129,314 | Starbucks Corp. | 11,818,006 | |
143,125 | Wyndham Hotels & Resorts, Inc. | 10,984,844 | |
53,817,305 | |||
Energy - 2.0% | |||
153,047 | ConocoPhillips | 19,479,822 | |
126,965 | Targa Resources Corp. | 14,218,811 | |
33,698,633 | |||
Equity Real Estate Investment Trusts (REITs) - 1.4% | |||
125,411 | Crown Castle, Inc. REIT | 13,272,246 | |
235,772 | Gaming & Leisure Properties, Inc. REIT | 10,862,016 | |
24,134,262 | |||
Financial Services - 7.2% | |||
115,707 | Ares Management Corp. Class A | 15,386,717 | |
97,388 | Intercontinental Exchange, Inc. | 13,384,033 | |
117,962 | KKR & Co., Inc. | 11,864,618 | |
40,016 | LPL Financial Holdings, Inc. | 10,572,227 | |
146,803 | Morgan Stanley | 13,822,970 | |
75,742 | Nasdaq, Inc. | 4,779,320 | |
135,902 | Raymond James Financial, Inc. | 17,452,535 |
6 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 66.0% - (continued) | |||
Financial Services - 7.2% - (continued) | |||
34,075 | S&P Global, Inc. | $ 14,497,209 | |
77,890 | Visa, Inc. Class A | 21,737,541 | |
123,497,170 | |||
Food, Beverage & Tobacco - 0.9% | |||
480,822 | Keurig Dr Pepper, Inc. | 14,746,811 | |
Health Care Equipment & Services - 5.6% | |||
39,029 | Align Technology, Inc.* | 12,798,390 | |
198,293 | Boston Scientific Corp.* | 13,581,088 | |
250,447 | Centene Corp.* | 19,655,080 | |
42,198 | Elevance Health, Inc. | 21,881,351 | |
58,132 | UnitedHealth Group, Inc. | 28,757,900 | |
96,673,809 | |||
Household & Personal Products - 1.5% | |||
617,006 | Kenvue, Inc. | 13,240,949 | |
242,550 | Unilever PLC ADR | 12,173,584 | |
25,414,533 | |||
Insurance - 1.8% | |||
28,823 | Everest Group Ltd. | 11,457,142 | |
272,787 | MetLife, Inc. | 20,216,245 | |
31,673,387 | |||
Materials - 0.7% | |||
367,849 | Axalta Coating Systems Ltd.* | 12,650,327 | |
Media & Entertainment - 5.2% | |||
407,220 | Alphabet, Inc. Class C* | 62,003,317 | |
95,973 | Electronic Arts, Inc. | 12,732,738 | |
160,907 | Omnicom Group, Inc. | 15,569,362 | |
90,305,417 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 4.8% | |||
192,354 | AstraZeneca PLC ADR | 13,031,983 | |
35,074 | Eli Lilly & Co. | 27,286,169 | |
629,261 | Pfizer, Inc. | 17,461,993 | |
41,312 | Roche Holding AG | 10,547,733 | |
32,379 | Vertex Pharmaceuticals, Inc.* | 13,534,746 | |
81,862,624 | |||
Real Estate Management & Development - 0.8% | |||
141,993 | CBRE Group, Inc. Class A* | 13,807,399 | |
Semiconductors & Semiconductor Equipment - 4.3% | |||
67,228 | Analog Devices, Inc. | 13,297,026 | |
20,204 | Broadcom, Inc. | 26,778,584 | |
77,807 | NXP Semiconductors NV | 19,278,240 | |
89,690 | QUALCOMM, Inc. | 15,184,517 | |
74,538,367 | |||
Software & Services - 10.2% | |||
63,018 | Accenture PLC Class A | 21,842,669 | |
34,012 | Adobe, Inc.* | 17,162,455 | |
154,203 | Amdocs Ltd. | 13,935,325 | |
234,019 | Microsoft Corp. | 98,456,474 | |
81,454 | Salesforce, Inc. | 24,532,316 | |
175,929,239 | |||
Technology Hardware & Equipment - 3.1% | |||
451,045 | Cisco Systems, Inc. | 22,511,656 | |
579,287 | Corning, Inc. | 19,093,300 | |
63,700 | F5, Inc.* | 12,076,883 | |
53,681,839 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 66.0% - (continued) | |||
Transportation - 1.7% | |||
210,893 | Knight-Swift Transportation Holdings, Inc. | $ 11,603,333 | |
114,375 | United Parcel Service, Inc. Class B | 16,999,556 | |
28,602,889 | |||
Total Common Stocks (cost $695,713,429) | $ 1,136,992,216 | ||
Total Long-Term Investments (cost $1,264,414,095) | $ 1,693,963,482 | ||
SHORT-TERM INVESTMENTS - 0.3% | |||
Repurchase Agreements - 0.3% | |||
$ 5,617,541 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $5,620,862; collateralized by U.S. Treasury Note at 2.63%, maturing 05/31/2027, with a market value of $5,729,933 | $ 5,617,541 | |
Securities Lending Collateral - 0.0% | |||
111,041 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(7) | 111,041 | |
370,139 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(7) | 370,139 | |
111,042 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(7) | 111,042 | |
111,042 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(7) | 111,042 | |
703,264 | |||
Total Short-Term Investments (cost $6,320,805) | $ 6,320,805 | ||
Total Investments (cost $1,270,734,900) | 98.6% | $ 1,700,284,287 | |
Other Assets and Liabilities | 1.4% | 23,448,029 | |
Total Net Assets | 100.0% | $ 1,723,732,316 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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. |
7 |
* | 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 March 31, 2024, the aggregate value of these securities was $99,311,526, representing 5.8% of net assets. |
(2) | Variable rate securities; the rate reported is the coupon rate in effect at March 31, 2024. Base lending rates may be subject to a floor or cap. |
(3) | Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end. |
(4) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
(5) | Represents entire or partial securities on loan. |
(6) | All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of March 31, 2024, the market value of securities pledged was $252,686. |
(7) | Current yield as of period end. |
Futures Contracts Outstanding at March 31, 2024 | ||||||||
Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
Short position contracts: | ||||||||
U.S. Treasury 10-Year Ultra Future | 13 | 06/18/2024 | $ 1,489,922 | $ (12,409) | ||||
Total futures contracts | $ (12,409) |
8 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Asset & Commercial Mortgage-Backed Securities | $ 19,446,422 | $ — | $ 19,446,422 | $ — | ||||
Corporate Bonds | 200,033,672 | — | 200,033,672 | — | ||||
Foreign Government Obligations | 9,102,058 | — | 9,102,058 | — | ||||
Municipal Bonds | 9,734,215 | — | 9,734,215 | — | ||||
U.S. Government Agencies | 13,512,762 | — | 13,512,762 | — | ||||
U.S. Government Securities | 305,142,137 | — | 305,142,137 | — | ||||
Common Stocks | ||||||||
Automobiles & Components | 14,851,713 | 14,851,713 | — | — | ||||
Banks | 67,811,053 | 67,811,053 | — | — | ||||
Capital Goods | 80,652,140 | 80,652,140 | — | — | ||||
Consumer Discretionary Distribution & Retail | 25,830,617 | 25,830,617 | — | — | ||||
Consumer Durables & Apparel | 12,812,682 | 12,812,682 | — | — | ||||
Consumer Services | 53,817,305 | 53,817,305 | — | — | ||||
Energy | 33,698,633 | 33,698,633 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 24,134,262 | 24,134,262 | — | — | ||||
Financial Services | 123,497,170 | 123,497,170 | — | — | ||||
Food, Beverage & Tobacco | 14,746,811 | 14,746,811 | — | — | ||||
Health Care Equipment & Services | 96,673,809 | 96,673,809 | — | — | ||||
Household & Personal Products | 25,414,533 | 25,414,533 | — | — | ||||
Insurance | 31,673,387 | 31,673,387 | — | — | ||||
Materials | 12,650,327 | 12,650,327 | — | — | ||||
Media & Entertainment | 90,305,417 | 90,305,417 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 81,862,624 | 71,314,891 | 10,547,733 | — | ||||
Real Estate Management & Development | 13,807,399 | 13,807,399 | — | — | ||||
Semiconductors & Semiconductor Equipment | 74,538,367 | 74,538,367 | — | — | ||||
Software & Services | 175,929,239 | 175,929,239 | — | — | ||||
Technology Hardware & Equipment | 53,681,839 | 53,681,839 | — | — | ||||
Transportation | 28,602,889 | 28,602,889 | — | — | ||||
Short-Term Investments | 6,320,805 | 703,264 | 5,617,541 | — | ||||
Total | $ 1,700,284,287 | $ 1,127,147,747 | $ 573,136,540 | $ — | ||||
Liabilities | ||||||||
Futures Contracts(2) | $ (12,409) | $ (12,409) | $ — | $ — | ||||
Total | $ (12,409) | $ (12,409) | $ — | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
(2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
9 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.3% | |||
Automobiles & Components - 0.4% | |||
439,627 | Gentex Corp. | $ 15,879,327 | |
Banks - 0.5% | |||
122,272 | M&T Bank Corp. | 17,783,240 | |
Capital Goods - 7.3% | |||
165,555 | AerCap Holdings NV* | 14,388,385 | |
54,775 | Airbus SE | 10,091,131 | |
44,287 | Axon Enterprise, Inc.* | 13,856,517 | |
113,695 | Dover Corp. | 20,145,617 | |
104,025 | Emerson Electric Co. | 11,798,515 | |
58,485 | General Dynamics Corp. | 16,521,428 | |
350,600 | HF Global, Inc.*(1)(2) | 10,363,736 | |
194,885 | Honeywell International, Inc. | 40,000,146 | |
35,521 | Lockheed Martin Corp. | 16,157,437 | |
51,779 | Middleby Corp.* | 8,325,545 | |
103,370 | Northrop Grumman Corp. | 49,479,084 | |
173,583 | RTX Corp. | 16,929,550 | |
1,334,000 | Techtronic Industries Co. Ltd. | 18,126,205 | |
84,782 | Toro Co. | 7,768,575 | |
144,798 | Westinghouse Air Brake Technologies Corp. | 21,094,173 | |
275,046,044 | |||
Commercial & Professional Services - 1.1% | |||
223,770 | Copart, Inc.* | 12,960,758 | |
27,021 | Dayforce, Inc.* | 1,789,061 | |
204,327 | Genpact Ltd. | 6,732,575 | |
159,071 | Leidos Holdings, Inc. | 20,852,617 | |
42,335,011 | |||
Consumer Discretionary Distribution & Retail - 5.1% | |||
627,990 | Amazon.com, Inc.* | 113,276,836 | |
19,729 | Floor & Decor Holdings, Inc. Class A* | 2,557,273 | |
7,667 | O'Reilly Automotive, Inc.* | 8,655,123 | |
56,457 | Ross Stores, Inc. | 8,285,629 | |
530,424 | TJX Cos., Inc. | 53,795,602 | |
115,140 | Tory Burch LLC*(1)(2) | 5,775,406 | |
192,345,869 | |||
Consumer Durables & Apparel - 1.5% | |||
10,099 | Deckers Outdoor Corp.* | 9,505,785 | |
22,540 | Lululemon Athletica, Inc.* | 8,805,251 | |
267,097 | NIKE, Inc. Class B | 25,101,776 | |
292 | NVR, Inc.* | 2,365,188 | |
259,654 | On Holding AG Class A* | 9,186,559 | |
54,964,559 | |||
Consumer Services - 2.2% | |||
380,122 | DraftKings, Inc. Class A* | 17,261,340 | |
272,837 | Las Vegas Sands Corp. | 14,105,673 | |
138,452 | McDonald's Corp. | 39,036,541 | |
164,381 | Wyndham Hotels & Resorts, Inc. | 12,616,242 | |
83,019,796 | |||
Consumer Staples Distribution & Retail - 0.7% | |||
63,690 | Dollar Tree, Inc.* | 8,480,323 | |
199,316 | Sysco Corp. | 16,180,473 | |
24,660,796 | |||
Energy - 4.3% | |||
287,278 | Canadian Natural Resources Ltd. | 21,925,057 | |
28,730 | Cheniere Energy, Inc. | 4,633,575 | |
154,323 | Chevron Corp. | 24,342,910 | |
107,144 | ConocoPhillips | 13,637,288 | |
78,136 | Diamondback Energy, Inc. | 15,484,211 | |
361,359 | Enbridge, Inc. | 13,058,597 | |
403,624 | Halliburton Co. | 15,910,858 | |
592,982 | Schlumberger NV | 32,501,344 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.3% - (continued) | |||
Energy - 4.3% - (continued) | |||
22,764 | Targa Resources Corp. | $ 2,549,340 | |
474,451 | Williams Cos., Inc. | 18,489,356 | |
162,532,536 | |||
Equity Real Estate Investment Trusts (REITs) - 3.1% | |||
349,852 | American Tower Corp. REIT | 69,127,257 | |
51,311 | AvalonBay Communities, Inc. REIT | 9,521,269 | |
17,779 | Equinix, Inc. REIT | 14,673,542 | |
61,604 | Extra Space Storage, Inc. REIT | 9,055,788 | |
338,588 | UDR, Inc. REIT | 12,666,577 | |
115,044,433 | |||
Financial Services - 8.1% | |||
222,543 | American Express Co. | 50,670,816 | |
310,361 | Bank of New York Mellon Corp. | 17,883,001 | |
191,835 | Block, Inc.* | 16,225,404 | |
247,582 | Charles Schwab Corp. | 17,910,082 | |
50,063 | Corpay, Inc.* | 15,446,438 | |
346,542 | Equitable Holdings, Inc. | 13,172,061 | |
2,039 | Hamilton Lane, Inc. Class A | 229,918 | |
80,393 | KKR & Co., Inc. | 8,085,928 | |
43,071 | Mastercard, Inc. Class A | 20,741,701 | |
302,892 | Morgan Stanley | 28,520,311 | |
2,761 | Morningstar, Inc. | 851,410 | |
173,427 | Raymond James Financial, Inc. | 22,271,495 | |
177,851 | TPG, Inc. | 7,949,940 | |
197,614 | Tradeweb Markets, Inc. Class A | 20,585,450 | |
161,855 | Visa, Inc. Class A | 45,170,493 | |
208,674 | Voya Financial, Inc. | 15,425,182 | |
10,705 | WEX, Inc.* | 2,542,759 | |
303,682,389 | |||
Food, Beverage & Tobacco - 3.3% | |||
29,308 | Celsius Holdings, Inc.* | 2,430,219 | |
271,109 | Coca-Cola Co. | 16,586,449 | |
76,806 | Constellation Brands, Inc. Class A | 20,872,799 | |
330,300 | Keurig Dr Pepper, Inc. | 10,130,301 | |
237,533 | Kraft Heinz Co. | 8,764,968 | |
124,930 | Monster Beverage Corp.* | 7,405,850 | |
225,137 | PepsiCo, Inc. | 39,401,226 | |
312,075 | Tyson Foods, Inc. Class A | 18,328,165 | |
123,919,977 | |||
Health Care Equipment & Services - 6.4% | |||
111,404 | agilon health, Inc.* | 679,564 | |
275,113 | Centene Corp.* | 21,590,868 | |
83,912 | Dexcom, Inc.* | 11,638,594 | |
107,768 | Encompass Health Corp. | 8,899,482 | |
40,238 | Humana, Inc. | 13,951,319 | |
35,355 | Intuitive Surgical, Inc.* | 14,109,827 | |
268,800 | Medtronic PLC | 23,425,920 | |
134,593 | Quest Diagnostics, Inc. | 17,915,674 | |
37,949 | Shockwave Medical, Inc.* | 12,357,333 | |
111,515 | Stryker Corp. | 39,907,873 | |
39,926 | Teleflex, Inc. | 9,030,064 | |
132,196 | UnitedHealth Group, Inc. | 65,397,361 | |
10,147 | Veeva Systems, Inc. Class A* | 2,350,959 | |
241,254,838 | |||
Household & Personal Products - 3.3% | |||
404,900 | Colgate-Palmolive Co. | 36,461,245 | |
52,038 | elf Beauty, Inc.* | 10,201,009 | |
1,022,773 | Kenvue, Inc. | 21,948,709 | |
243,367 | Procter & Gamble Co. | 39,486,296 | |
347,790 | Unilever PLC | 17,459,684 | |
125,556,943 | |||
Insurance - 4.7% | |||
143,171 | Allstate Corp. | 24,770,015 | |
241,058 | Chubb Ltd. | 62,465,359 |
10 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.3% - (continued) | |||
Insurance - 4.7% - (continued) | |||
48,228 | Everest Group Ltd. | $ 19,170,630 | |
135,440 | Globe Life, Inc. | 15,761,153 | |
195,418 | Marsh & McLennan Cos., Inc. | 40,252,199 | |
199,998 | MetLife, Inc. | 14,821,852 | |
177,241,208 | |||
Materials - 3.6% | |||
131,630 | CRH PLC | 11,360,982 | |
167,033 | FMC Corp. | 10,640,002 | |
204,881 | Freeport-McMoRan, Inc. | 9,633,505 | |
100,916 | Linde PLC | 46,857,317 | |
98,411 | PPG Industries, Inc. | 14,259,754 | |
48,971 | Reliance, Inc. | 16,365,129 | |
279,168 | Rio Tinto PLC ADR | 17,794,168 | |
30,125 | Vulcan Materials Co. | 8,221,715 | |
135,132,572 | |||
Media & Entertainment - 8.6% | |||
611,334 | Alphabet, Inc. Class A* | 92,268,641 | |
220,915 | Alphabet, Inc. Class C* | 33,636,518 | |
82,191 | Electronic Arts, Inc. | 10,904,280 | |
169,923 | Liberty Media Corp.-Liberty Formula One Class C* | 11,146,949 | |
155,115 | Live Nation Entertainment, Inc.* | 16,406,513 | |
199,666 | Meta Platforms, Inc. Class A | 96,953,816 | |
30,262 | Netflix, Inc.* | 18,379,020 | |
411,169 | Pinterest, Inc. Class A* | 14,255,229 | |
48,044 | Spotify Technology SA* | 12,678,812 | |
140,624 | Walt Disney Co. | 17,206,753 | |
323,836,531 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 5.7% | |||
113,695 | Agilent Technologies, Inc. | 16,543,759 | |
32,125 | Apellis Pharmaceuticals, Inc.* | 1,888,308 | |
331,570 | AstraZeneca PLC ADR | 22,463,868 | |
229,367 | Danaher Corp. | 57,277,527 | |
45,538 | Eli Lilly & Co. | 35,426,742 | |
200,844 | Exact Sciences Corp.* | 13,870,287 | |
138,336 | Novartis AG | 13,399,002 | |
920,786 | Pfizer, Inc. | 25,551,812 | |
73,445 | PTC Therapeutics, Inc.* | 2,136,515 | |
14,395 | Sarepta Therapeutics, Inc.* | 1,863,577 | |
41,596 | Ultragenyx Pharmaceutical, Inc.* | 1,942,117 | |
53,076 | United Therapeutics Corp.* | 12,192,619 | |
24,425 | Vertex Pharmaceuticals, Inc.* | 10,209,894 | |
214,766,027 | |||
Real Estate Management & Development - 0.3% | |||
132,125 | CoStar Group, Inc.* | 12,763,275 | |
Semiconductors & Semiconductor Equipment - 8.8% | |||
26,990 | Advanced Micro Devices, Inc.* | 4,871,425 | |
18,473 | Broadcom, Inc. | 24,484,299 | |
87,698 | Enphase Energy, Inc.* | 10,609,704 | |
74,516 | First Solar, Inc.* | 12,578,301 | |
281,163 | Micron Technology, Inc. | 33,146,306 | |
15,157 | MKS Instruments, Inc. | 2,015,881 | |
3,143 | Monolithic Power Systems, Inc. | 2,129,131 | |
165,281 | NVIDIA Corp. | 149,341,300 | |
101,374 | NXP Semiconductors NV | 25,117,436 | |
128,199 | QUALCOMM, Inc. | 21,704,091 | |
33,204 | Rambus, Inc.* | 2,052,339 | |
251,667 | Texas Instruments, Inc. | 43,842,908 | |
331,893,121 | |||
Software & Services - 9.8% | |||
111,563 | Accenture PLC Class A | 38,668,851 | |
31,326 | Adobe, Inc.* | 15,807,100 | |
91,297 | Datadog, Inc. Class A* | 11,284,309 | |
41,151 | Dynatrace, Inc.* | 1,911,052 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.3% - (continued) | |||
Software & Services - 9.8% - (continued) | |||
114,050 | Gitlab, Inc. Class A* | $ 6,651,396 | |
3,934 | HubSpot, Inc.* | 2,464,887 | |
501,383 | Microsoft Corp. | 210,941,856 | |
25,168 | MongoDB, Inc.* | 9,026,252 | |
74,780 | Salesforce, Inc. | 22,522,240 | |
24,351 | ServiceNow, Inc.* | 18,565,202 | |
5,611 | Sharecare, Inc. Earnout*(1)(2) | 43 | |
86,704 | Shopify, Inc. Class A* | 6,690,948 | |
50,513 | Snowflake, Inc. Class A* | 8,162,901 | |
57,438 | Workday, Inc. Class A* | 15,666,215 | |
368,363,252 | |||
Technology Hardware & Equipment - 4.8% | |||
844,288 | Apple, Inc. | 144,778,506 | |
8,610 | CDW Corp. | 2,202,266 | |
315,573 | Flex Ltd.* | 9,028,543 | |
127,575 | Samsung Electronics Co. Ltd. | 7,666,938 | |
189,335 | Seagate Technology Holdings PLC | 17,617,622 | |
181,293,875 | |||
Telecommunication Services - 0.6% | |||
132,410 | T-Mobile U.S., Inc. | 21,611,960 | |
Transportation - 2.5% | |||
373,991 | Delta Air Lines, Inc. | 17,902,949 | |
10,432 | JB Hunt Transport Services, Inc. | 2,078,576 | |
307,241 | Knight-Swift Transportation Holdings, Inc. | 16,904,400 | |
165,572 | Uber Technologies, Inc.* | 12,747,388 | |
77,777 | Union Pacific Corp. | 19,127,698 | |
158,143 | United Parcel Service, Inc. Class B | 23,504,794 | |
92,265,805 | |||
Utilities - 1.6% | |||
249,847 | Edison International | 17,671,678 | |
646,609 | Exelon Corp. | 24,293,100 | |
1,338,914 | Iberdrola SA | 16,629,785 | |
40,535 | Vistra Corp. | 2,823,263 | |
61,417,826 | |||
Total Common Stocks (cost $2,600,264,695) | $ 3,698,611,210 | ||
CONVERTIBLE PREFERRED STOCKS - 0.0% | |||
Software & Services - 0.0% | |||
58 | Magic Leap, Inc. Class A*(1)(2)(3) | $ 56 | |
Total Convertible Preferred Stocks (cost $679,566) | $ 56 | ||
Total Long-Term Investments (cost $2,600,944,261) | $ 3,698,611,266 | ||
SHORT-TERM INVESTMENTS - 0.3% | |||
Repurchase Agreements - 0.3% | |||
$ 13,080,280 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $13,088,012; collateralized by U.S. Treasury Note at 2.63%-4.25%, maturing 03/15/2027-05/31/2027, with a market value of $13,341,954 | $ 13,080,280 | |
Total Short-Term Investments (cost $13,080,280) | $ 13,080,280 | ||
Total Investments (cost $2,614,024,541) | 98.6% | $ 3,711,691,546 | |
Other Assets and Liabilities | 1.4% | 52,712,042 | |
Total Net Assets | 100.0% | $ 3,764,403,588 |
11 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $16,139,241 or 0.4% of net assets. |
Period Acquired | Security Name | Shares/ Par Value | Total Cost | Market Value | ||||
06/2015 | HF Global, Inc. | 350,600 | $ 4,713,607 | $ 10,363,736 | ||||
12/2015 | Magic Leap, Inc. Class A Convertible Preferred | 58 | 679,566 | 56 | ||||
07/2021 | Sharecare, Inc. Earnout | 5,611 | — | 43 | ||||
11/2013 | Tory Burch LLC | 115,140 | 9,024,247 | 5,775,406 | ||||
$ 14,417,420 | $ 16,139,241 |
(2) | Investment valued using significant unobservable inputs. |
(3) | Currently no rate available. |
Futures Contracts Outstanding at March 31, 2024 | ||||||||
Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
Long position contracts: | ||||||||
S&P 500 (E-Mini) Future | 197 | 06/21/2024 | $ 52,288,725 | $ 818,595 | ||||
Total futures contracts | $ 818,595 |
12 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Automobiles & Components | $ 15,879,327 | $ 15,879,327 | $ — | $ — | ||||
Banks | 17,783,240 | 17,783,240 | — | — | ||||
Capital Goods | 275,046,044 | 236,464,972 | 28,217,336 | 10,363,736 | ||||
Commercial & Professional Services | 42,335,011 | 42,335,011 | — | — | ||||
Consumer Discretionary Distribution & Retail | 192,345,869 | 186,570,463 | — | 5,775,406 | ||||
Consumer Durables & Apparel | 54,964,559 | 54,964,559 | — | — | ||||
Consumer Services | 83,019,796 | 83,019,796 | — | — | ||||
Consumer Staples Distribution & Retail | 24,660,796 | 24,660,796 | — | — | ||||
Energy | 162,532,536 | 162,532,536 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 115,044,433 | 115,044,433 | — | — | ||||
Financial Services | 303,682,389 | 303,682,389 | — | — | ||||
Food, Beverage & Tobacco | 123,919,977 | 123,919,977 | — | — | ||||
Health Care Equipment & Services | 241,254,838 | 241,254,838 | — | — | ||||
Household & Personal Products | 125,556,943 | 108,097,259 | 17,459,684 | — | ||||
Insurance | 177,241,208 | 177,241,208 | — | — | ||||
Materials | 135,132,572 | 123,771,590 | 11,360,982 | — | ||||
Media & Entertainment | 323,836,531 | 323,836,531 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 214,766,027 | 201,367,025 | 13,399,002 | — | ||||
Real Estate Management & Development | 12,763,275 | 12,763,275 | — | — | ||||
Semiconductors & Semiconductor Equipment | 331,893,121 | 331,893,121 | — | — | ||||
Software & Services | 368,363,252 | 368,363,209 | — | 43 | ||||
Technology Hardware & Equipment | 181,293,875 | 173,626,937 | 7,666,938 | — | ||||
Telecommunication Services | 21,611,960 | 21,611,960 | — | — | ||||
Transportation | 92,265,805 | 92,265,805 | — | — | ||||
Utilities | 61,417,826 | 44,788,041 | 16,629,785 | — | ||||
Convertible Preferred Stocks | 56 | — | — | 56 | ||||
Short-Term Investments | 13,080,280 | — | 13,080,280 | — | ||||
Futures Contracts(2) | 818,595 | 818,595 | — | — | ||||
Total | $ 3,712,510,141 | $ 3,588,556,893 | $ 107,814,007 | $ 16,139,241 |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
(2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
13 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.5% | |||
Banks - 4.8% | |||
1,143,356 | Bank of America Corp. | $ 43,356,059 | |
380,510 | JP Morgan Chase & Co. | 76,216,153 | |
135,346 | PNC Financial Services Group, Inc. | 21,871,914 | |
141,444,126 | |||
Capital Goods - 7.8% | |||
173,922 | AMETEK, Inc. | 31,810,334 | |
70,403 | Deere & Co. | 28,917,328 | |
185,197 | Emerson Electric Co. | 21,005,044 | |
94,596 | General Dynamics Corp. | 26,722,424 | |
113,233 | IDEX Corp. | 27,631,117 | |
117,261 | Illinois Tool Works, Inc. | 31,464,644 | |
305,020 | Ingersoll Rand, Inc. | 28,961,649 | |
351,919 | RTX Corp. | 34,322,660 | |
230,835,200 | |||
Commercial & Professional Services - 0.9% | |||
133,944 | Republic Services, Inc. | 25,642,239 | |
Consumer Discretionary Distribution & Retail - 7.5% | |||
848,455 | Amazon.com, Inc.* | 153,044,313 | |
10,809 | AutoZone, Inc.* | 34,066,185 | |
310,064 | TJX Cos., Inc. | 31,446,691 | |
38,805 | Tory Burch LLC(1)(2) | 1,946,460 | |
220,503,649 | |||
Consumer Durables & Apparel - 0.6% | |||
185,873 | NIKE, Inc. Class B | 17,468,345 | |
Consumer Services - 2.0% | |||
106,095 | Marriott International, Inc. Class A | 26,768,829 | |
117,905 | McDonald's Corp. | 33,243,315 | |
60,012,144 | |||
Energy - 3.5% | |||
289,308 | ConocoPhillips | 36,823,122 | |
227,766 | EOG Resources, Inc. | 29,117,605 | |
144,509 | EQT Corp. | 5,356,949 | |
121,880 | Phillips 66 | 19,907,879 | |
220,154 | Schlumberger NV | 12,066,641 | |
103,272,196 | |||
Equity Real Estate Investment Trusts (REITs) - 1.5% | |||
203,346 | Prologis, Inc. REIT | 26,479,716 | |
191,369 | Welltower, Inc. REIT | 17,881,520 | |
44,361,236 | |||
Financial Services - 5.8% | |||
163,524 | American Express Co. | 37,232,779 | |
405,764 | Charles Schwab Corp. | 29,352,968 | |
136,040 | Mastercard, Inc. Class A | 65,512,783 | |
434,429 | Morgan Stanley | 40,905,835 | |
173,004,365 | |||
Food, Beverage & Tobacco - 1.8% | |||
101,864 | Constellation Brands, Inc. Class A | 27,682,561 | |
437,677 | Monster Beverage Corp.* | 25,945,492 | |
53,628,053 | |||
Health Care Equipment & Services - 5.4% | |||
350,065 | Abbott Laboratories | 39,788,388 | |
486,762 | Boston Scientific Corp.* | 33,338,329 | |
102,433 | Cencora, Inc. | 24,890,195 | |
123,131 | UnitedHealth Group, Inc. | 60,912,906 | |
158,929,818 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.5% - (continued) | |||
Household & Personal Products - 3.3% | |||
220,551 | Estee Lauder Cos., Inc. Class A | $ 33,997,936 | |
394,923 | Procter & Gamble Co. | 64,076,257 | |
98,074,193 | |||
Insurance - 3.3% | |||
249,232 | Arch Capital Group Ltd.* | 23,039,006 | |
150,858 | Chubb Ltd. | 39,091,833 | |
171,980 | Progressive Corp. | 35,568,904 | |
97,699,743 | |||
Materials - 1.5% | |||
76,862 | Linde PLC | 35,688,564 | |
64,614 | PPG Industries, Inc. | 9,362,568 | |
45,051,132 | |||
Media & Entertainment - 9.4% | |||
928,035 | Alphabet, Inc. Class A* | 140,068,323 | |
208,437 | Meta Platforms, Inc. Class A | 101,212,838 | |
62,203 | Netflix, Inc.* | 37,777,748 | |
279,058,909 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 9.1% | |||
129,961 | Danaher Corp. | 32,453,861 | |
90,022 | Eli Lilly & Co. | 70,033,515 | |
414,480 | Merck & Co., Inc. | 54,690,636 | |
25,389 | Regeneron Pharmaceuticals, Inc.* | 24,436,659 | |
59,354 | Thermo Fisher Scientific, Inc. | 34,497,138 | |
59,640 | Vertex Pharmaceuticals, Inc.* | 24,930,116 | |
157,812 | Zoetis, Inc. | 26,703,369 | |
267,745,294 | |||
Semiconductors & Semiconductor Equipment - 9.7% | |||
49,587 | Broadcom, Inc. | 65,723,106 | |
48,890 | KLA Corp. | 34,153,087 | |
172,045 | NVIDIA Corp. | 155,452,980 | |
185,550 | Texas Instruments, Inc. | 32,324,666 | |
287,653,839 | |||
Software & Services - 11.8% | |||
84,996 | Accenture PLC Class A | 29,460,464 | |
528,193 | Microsoft Corp. | 222,221,359 | |
48,792 | Roper Technologies, Inc. | 27,364,505 | |
142,575 | Salesforce, Inc. | 42,940,738 | |
100,088 | Workday, Inc. Class A* | 27,299,002 | |
349,286,068 | |||
Technology Hardware & Equipment - 7.0% | |||
802,070 | Apple, Inc. | 137,538,964 | |
135,263 | CDW Corp. | 34,597,570 | |
102,383 | Motorola Solutions, Inc. | 36,343,917 | |
208,480,451 | |||
Utilities - 2.8% | |||
368,819 | American Electric Power Co., Inc. | 31,755,316 | |
314,043 | Duke Energy Corp. | 30,371,099 | |
1,197,332 | PG&E Corp. | 20,067,284 | |
82,193,699 | |||
Total Common Stocks (cost $1,655,433,597) | $ 2,944,344,699 | ||
CONVERTIBLE PREFERRED STOCKS - 0.2% | |||
Software & Services - 0.2% | |||
1,871,878 | Essence Group Holdings Corp. Series 3*(1)(2)(3) | $ 3,069,880 |
14 |
Shares or Principal Amount | Market Value† | ||
CONVERTIBLE PREFERRED STOCKS - 0.2% - (continued) | |||
Software & Services - 0.2% - (continued) | |||
287,204 | Lookout, Inc. Series F*(1)(2)(3) | $ 2,510,163 | |
Total Convertible Preferred Stocks (cost $6,240,761) | $ 5,580,043 | ||
Total Long-Term Investments (cost $1,661,674,358) | $ 2,949,924,742 | ||
SHORT-TERM INVESTMENTS - 0.0% | |||
Repurchase Agreements - 0.0% | |||
$ 108,185 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $108,249; collateralized by U.S. Treasury Note at 4.25%, maturing 03/15/2027, with a market value of $110,420 | $ 108,185 | |
Total Short-Term Investments (cost $108,185) | $ 108,185 | ||
Total Investments (cost $1,661,782,543) | 99.7% | $ 2,950,032,927 | |
Other Assets and Liabilities | 0.3% | 8,685,028 | |
Total Net Assets | 100.0% | $ 2,958,717,955 |
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. |
* | Non-income producing. |
(1) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $7,526,503 or 0.3% of net assets. |
Period Acquired | Security Name | Shares/ Par Value | Total Cost | Market Value | ||||
05/2014 | Essence Group Holdings Corp. Series 3 Convertible Preferred | 1,871,878 | $ 2,960,001 | $ 3,069,880 | ||||
07/2014 | Lookout, Inc. Series F Convertible Preferred | 287,204 | 3,280,760 | 2,510,163 | ||||
11/2013 | Tory Burch LLC | 38,805 | 3,041,403 | 1,946,460 | ||||
$ 9,282,164 | $ 7,526,503 |
(2) | Investment valued using significant unobservable inputs. |
(3) | Currently no rate available. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
15 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Banks | $ 141,444,126 | $ 141,444,126 | $ — | $ — | ||||
Capital Goods | 230,835,200 | 230,835,200 | — | — | ||||
Commercial & Professional Services | 25,642,239 | 25,642,239 | — | — | ||||
Consumer Discretionary Distribution & Retail | 220,503,649 | 218,557,189 | — | 1,946,460 | ||||
Consumer Durables & Apparel | 17,468,345 | 17,468,345 | — | — | ||||
Consumer Services | 60,012,144 | 60,012,144 | — | — | ||||
Energy | 103,272,196 | 103,272,196 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 44,361,236 | 44,361,236 | — | — | ||||
Financial Services | 173,004,365 | 173,004,365 | — | — | ||||
Food, Beverage & Tobacco | 53,628,053 | 53,628,053 | — | — | ||||
Health Care Equipment & Services | 158,929,818 | 158,929,818 | — | — | ||||
Household & Personal Products | 98,074,193 | 98,074,193 | — | — | ||||
Insurance | 97,699,743 | 97,699,743 | — | — | ||||
Materials | 45,051,132 | 45,051,132 | — | — | ||||
Media & Entertainment | 279,058,909 | 279,058,909 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 267,745,294 | 267,745,294 | — | — | ||||
Semiconductors & Semiconductor Equipment | 287,653,839 | 287,653,839 | — | — | ||||
Software & Services | 349,286,068 | 349,286,068 | — | — | ||||
Technology Hardware & Equipment | 208,480,451 | 208,480,451 | — | — | ||||
Utilities | 82,193,699 | 82,193,699 | — | — | ||||
Convertible Preferred Stocks | 5,580,043 | — | — | 5,580,043 | ||||
Short-Term Investments | 108,185 | — | 108,185 | — | ||||
Total | $ 2,950,032,927 | $ 2,942,398,239 | $ 108,185 | $ 7,526,503 |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
16 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.4% | |||
Banks - 7.1% | |||
1,295,804 | Bank of America Corp. | $ 49,136,887 | |
506,743 | JP Morgan Chase & Co. | 101,500,623 | |
1,821,705 | Wells Fargo & Co. | 105,586,022 | |
256,223,532 | |||
Capital Goods - 7.7% | |||
204,254 | Airbus SE | 37,629,464 | |
138,676 | General Dynamics Corp. | 39,174,583 | |
87,690 | Honeywell International, Inc. | 17,998,372 | |
769,806 | Johnson Controls International PLC | 50,283,728 | |
98,025 | Lockheed Martin Corp. | 44,588,632 | |
492,278 | Otis Worldwide Corp. | 48,868,437 | |
273,098 | Westinghouse Air Brake Technologies Corp. | 39,784,917 | |
278,328,133 | |||
Consumer Discretionary Distribution & Retail - 3.3% | |||
131,179 | Home Depot, Inc. | 50,320,264 | |
97,596 | Lowe's Cos., Inc. | 24,860,629 | |
439,900 | TJX Cos., Inc. | 44,614,658 | |
119,795,551 | |||
Consumer Staples Distribution & Retail - 0.6% | |||
271,939 | Sysco Corp. | 22,076,008 | |
Energy - 8.6% | |||
393,696 | Chevron Corp. | 62,101,607 | |
548,180 | ConocoPhillips | 69,772,350 | |
659,785 | Coterra Energy, Inc. | 18,394,806 | |
305,104 | Diamondback Energy, Inc. | 60,462,460 | |
883,233 | TotalEnergies SE ADR | 60,792,927 | |
1,084,940 | Williams Cos., Inc. | 42,280,112 | |
313,804,262 | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
284,066 | American Tower Corp. REIT | 56,128,601 | |
1,145,235 | Host Hotels & Resorts, Inc. REIT | 23,683,460 | |
121,330 | Public Storage REIT | 35,192,980 | |
115,005,041 | |||
Financial Services - 7.3% | |||
244,022 | American Express Co. | 55,561,369 | |
39,880 | BlackRock, Inc. | 33,247,956 | |
335,704 | Charles Schwab Corp. | 24,284,827 | |
508,182 | Morgan Stanley | 47,850,417 | |
99,664 | S&P Global, Inc. | 42,402,049 | |
224,145 | Visa, Inc. Class A | 62,554,387 | |
265,901,005 | |||
Food, Beverage & Tobacco - 3.9% | |||
974,304 | Keurig Dr Pepper, Inc. | 29,881,904 | |
295,153 | Mondelez International, Inc. Class A | 20,660,710 | |
582,394 | Philip Morris International, Inc. | 53,358,938 | |
625,061 | Tyson Foods, Inc. Class A | 36,709,833 | |
140,611,385 | |||
Health Care Equipment & Services - 7.1% | |||
163,974 | Becton Dickinson & Co. | 40,575,366 | |
99,501 | Elevance Health, Inc. | 51,595,249 | |
127,126 | HCA Healthcare, Inc. | 42,400,335 | |
591,534 | Medtronic PLC | 51,552,188 | |
146,130 | UnitedHealth Group, Inc. | 72,290,511 | |
258,413,649 | |||
Household & Personal Products - 2.1% | |||
931,635 | Kenvue, Inc. | 19,992,887 | |
1,136,322 | Unilever PLC ADR | 57,032,001 | |
77,024,888 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.4% - (continued) | |||
Insurance - 3.2% | |||
553,633 | American International Group, Inc. | $ 43,277,492 | |
89,678 | Chubb Ltd. | 23,238,260 | |
585,100 | Principal Financial Group, Inc. | 50,499,981 | |
117,015,733 | |||
Materials - 4.4% | |||
3,733,410 | Amcor PLC | 35,504,729 | |
626,084 | BHP Group Ltd. ADR(1) | 36,118,786 | |
275,205 | Celanese Corp. | 47,296,731 | |
623,461 | FMC Corp. | 39,714,466 | |
158,634,712 | |||
Media & Entertainment - 7.9% | |||
1,170,495 | Alphabet, Inc. Class A* | 176,662,811 | |
694,766 | Comcast Corp. Class A | 30,118,106 | |
373,695 | Omnicom Group, Inc. | 36,158,728 | |
371,484 | Walt Disney Co. | 45,454,782 | |
288,394,427 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 7.0% | |||
254,772 | Agilent Technologies, Inc. | 37,071,874 | |
688,423 | AstraZeneca PLC ADR | 46,640,658 | |
214,085 | Gilead Sciences, Inc. | 15,681,726 | |
485,072 | Merck & Co., Inc. | 64,005,250 | |
425,336 | Novartis AG ADR | 41,142,751 | |
1,808,662 | Pfizer, Inc. | 50,190,371 | |
254,732,630 | |||
Semiconductors & Semiconductor Equipment - 5.6% | |||
589,597 | Intel Corp. | 26,042,500 | |
577,783 | Micron Technology, Inc. | 68,114,838 | |
426,636 | QUALCOMM, Inc. | 72,229,475 | |
212,026 | Texas Instruments, Inc. | 36,937,049 | |
203,323,862 | |||
Software & Services - 8.4% | |||
121,482 | Accenture PLC Class A | 42,106,876 | |
827,702 | Cognizant Technology Solutions Corp. Class A | 60,662,280 | |
480,771 | Microsoft Corp. | 202,269,975 | |
305,039,131 | |||
Technology Hardware & Equipment - 3.6% | |||
492,802 | Apple, Inc. | 84,505,687 | |
933,397 | Cisco Systems, Inc. | 46,585,844 | |
131,091,531 | |||
Telecommunication Services - 0.7% | |||
583,370 | Verizon Communications, Inc. | 24,478,205 | |
Transportation - 1.0% | |||
1,273,380 | Southwest Airlines Co. | 37,169,962 | |
Utilities - 5.7% | |||
661,835 | American Electric Power Co., Inc. | 56,983,994 | |
200,568 | Constellation Energy Corp. | 37,074,995 | |
427,120 | Duke Energy Corp. | 41,306,775 | |
787,957 | Exelon Corp. | 29,603,544 | |
573,361 | Sempra | 41,184,521 | |
206,153,829 | |||
Total Common Stocks (cost $2,137,852,532) | $ 3,573,217,476 |
17 |
Shares or Principal Amount | Market Value† | ||
SHORT-TERM INVESTMENTS - 0.5% | |||
Repurchase Agreements - 0.3% | |||
$ 11,473,665 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $11,480,447; collateralized by U.S. Treasury Note at 3.75%, maturing 2/31/2030, with a market value of $11,703,182 | $ 11,473,665 | |
Securities Lending Collateral - 0.2% | |||
1,065,634 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(2) | 1,065,634 | |
3,552,113 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(2) | 3,552,113 | |
1,065,634 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(2) | 1,065,634 | |
1,065,634 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(2) | 1,065,634 | |
6,749,015 | |||
Total Short-Term Investments (cost $18,222,680) | $ 18,222,680 | ||
Total Investments (cost $2,156,075,212) | 98.9% | $ 3,591,440,156 | |
Other Assets and Liabilities | 1.1% | 39,386,174 | |
Total Net Assets | 100.0% | $ 3,630,826,330 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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) | Represents entire or partial securities on loan. |
(2) | Current yield as of period end. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Banks | $ 256,223,532 | $ 256,223,532 | $ — | $ — | ||||
Capital Goods | 278,328,133 | 240,698,669 | 37,629,464 | — | ||||
Consumer Discretionary Distribution & Retail | 119,795,551 | 119,795,551 | — | — | ||||
Consumer Staples Distribution & Retail | 22,076,008 | 22,076,008 | — | — | ||||
Energy | 313,804,262 | 313,804,262 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 115,005,041 | 115,005,041 | — | — | ||||
Financial Services | 265,901,005 | 265,901,005 | — | — | ||||
Food, Beverage & Tobacco | 140,611,385 | 140,611,385 | — | — | ||||
Health Care Equipment & Services | 258,413,649 | 258,413,649 | — | — | ||||
Household & Personal Products | 77,024,888 | 77,024,888 | — | — | ||||
Insurance | 117,015,733 | 117,015,733 | — | — | ||||
Materials | 158,634,712 | 158,634,712 | — | — | ||||
Media & Entertainment | 288,394,427 | 288,394,427 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 254,732,630 | 254,732,630 | — | — | ||||
Semiconductors & Semiconductor Equipment | 203,323,862 | 203,323,862 | — | — | ||||
Software & Services | 305,039,131 | 305,039,131 | — | — | ||||
Technology Hardware & Equipment | 131,091,531 | 131,091,531 | — | — | ||||
Telecommunication Services | 24,478,205 | 24,478,205 | — | — | ||||
Transportation | 37,169,962 | 37,169,962 | — | — | ||||
Utilities | 206,153,829 | 206,153,829 | — | — | ||||
Short-Term Investments | 18,222,680 | 6,749,015 | 11,473,665 | — | ||||
Total | $ 3,591,440,156 | $ 3,542,337,027 | $ 49,103,129 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
18 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 97.8% | |||
Biotechnology - 18.7% | |||
18,845 | AbbVie, Inc. | $ 3,431,675 | |
11,545 | Akero Therapeutics, Inc.* | 291,627 | |
17,684 | Alkermes PLC* | 478,706 | |
4,432 | Alnylam Pharmaceuticals, Inc.* | 662,362 | |
1,870 | Amgen, Inc. | 531,678 | |
10,027 | Apellis Pharmaceuticals, Inc.* | 589,387 | |
2,632 | Argenx SE ADR* | 1,036,271 | |
4,209 | Ascendis Pharma AS ADR* | 636,275 | |
47,398 | Autolus Therapeutics PLC ADR* | 302,399 | |
3,769 | Biogen, Inc.* | 812,709 | |
4,317 | Blueprint Medicines Corp.* | 409,511 | |
10,995 | Bridgebio Pharma, Inc.* | 339,965 | |
14,647 | Celldex Therapeutics, Inc.* | 614,735 | |
12,660 | Crinetics Pharmaceuticals, Inc.* | 592,615 | |
8,300 | Cytokinetics, Inc.* | 581,913 | |
9,220 | Exact Sciences Corp.* | 636,733 | |
1,472 | Genmab AS* | 441,348 | |
12,836 | Genus PLC | 285,518 | |
5,320 | Gilead Sciences, Inc. | 389,690 | |
30,125 | Immatics NV* | 316,614 | |
9,207 | Immunocore Holdings PLC ADR* | 598,455 | |
5,268 | Legend Biotech Corp. ADR* | 295,482 | |
10,840 | Merus NV* | 488,125 | |
3,856 | Moderna, Inc.* | 410,895 | |
4,712 | Morphic Holding, Inc.* | 165,862 | |
5,721 | Prothena Corp. PLC* | 141,709 | |
8,468 | PTC Therapeutics, Inc.* | 246,334 | |
2,472 | Regeneron Pharmaceuticals, Inc.* | 2,379,275 | |
19,460 | REVOLUTION Medicines, Inc.* | 627,196 | |
16,735 | Rocket Pharmaceuticals, Inc.* | 450,841 | |
4,248 | Sarepta Therapeutics, Inc.* | 549,946 | |
20,200 | Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd.* | 400,987 | |
7,290 | Soleno Therapeutics, Inc.* | 312,012 | |
19,231 | Syndax Pharmaceuticals, Inc.* | 457,698 | |
9,251 | Ultragenyx Pharmaceutical, Inc.* | 431,929 | |
3,231 | United Therapeutics Corp.* | 742,225 | |
6,990 | Vaxcyte, Inc.* | 477,487 | |
18,294 | Veracyte, Inc.* | 405,395 | |
7,664 | Vertex Pharmaceuticals, Inc.* | 3,203,629 | |
9,265 | Xenon Pharmaceuticals, Inc.* | 398,858 | |
11,383 | Zai Lab Ltd. ADR* | 182,356 | |
26,748,427 | |||
Health Care Distributors - 2.1% | |||
12,346 | Cencora, Inc. | 2,999,955 | |
Health Care Equipment - 15.4% | |||
24,981 | Abbott Laboratories | 2,839,341 | |
58,809 | Boston Scientific Corp.* | 4,027,828 | |
17,602 | Dexcom, Inc.* | 2,441,397 | |
5,296 | DiaSorin SpA | 511,089 | |
28,582 | Edwards Lifesciences Corp.* | 2,731,296 | |
14,240 | Hologic, Inc.* | 1,110,150 | |
9,031 | Inari Medical, Inc.* | 433,307 | |
1,130 | Inspire Medical Systems, Inc.* | 242,713 | |
5,770 | Insulet Corp.* | 988,978 | |
6,004 | Shockwave Medical, Inc.* | 1,955,083 | |
6,994 | Smith & Nephew PLC | 87,558 | |
11,277 | Stryker Corp. | 4,035,700 | |
2,977 | Teleflex, Inc. | 673,308 | |
22,077,748 | |||
Health Care Facilities - 5.1% | |||
24,301 | Acadia Healthcare Co., Inc.* | 1,925,125 | |
13,067 | Encompass Health Corp. | 1,079,073 | |
10,833 | HCA Healthcare, Inc. | 3,613,131 | |
22,421 | Surgery Partners, Inc.* | 668,818 | |
7,286,147 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 97.8% - (continued) | |||
Health Care Services - 3.0% | |||
7,534 | Addus HomeCare Corp.* | $ 778,563 | |
105,937 | agilon health, Inc.* | 646,216 | |
6,082 | Laboratory Corp. of America Holdings | 1,328,674 | |
29,290 | Option Care Health, Inc.* | 982,387 | |
27,050 | Privia Health Group, Inc.* | 529,909 | |
4,265,749 | |||
Health Care Technology - 0.6% | |||
24,660 | Evolent Health, Inc. Class A* | 808,601 | |
Life Sciences Tools & Services - 12.4% | |||
14,932 | Agilent Technologies, Inc. | 2,172,755 | |
6,336 | Bio-Techne Corp. | 445,991 | |
21,408 | Danaher Corp. | 5,346,006 | |
5,727 | ICON PLC* | 1,923,986 | |
8,722 | Illumina, Inc.* | 1,197,705 | |
16,508 | Qiagen NV* | 709,679 | |
4,590 | Repligen Corp.* | 844,193 | |
1,268 | Tecan Group AG | 525,370 | |
6,125 | Thermo Fisher Scientific, Inc. | 3,559,911 | |
2,949 | Waters Corp.* | 1,015,134 | |
17,740,730 | |||
Managed Health Care - 11.7% | |||
38,547 | Centene Corp.* | 3,025,168 | |
5,996 | Humana, Inc. | 2,078,933 | |
5,455 | Molina Healthcare, Inc.* | 2,241,078 | |
19,118 | UnitedHealth Group, Inc. | 9,457,675 | |
16,802,854 | |||
Pharmaceuticals - 28.8% | |||
36,421 | AstraZeneca PLC ADR | 2,467,523 | |
26,100 | Chugai Pharmaceutical Co. Ltd. | 997,422 | |
59,735 | Daiichi Sankyo Co. Ltd. | 1,900,700 | |
20,809 | Eisai Co. Ltd. | 857,097 | |
45,874 | Elanco Animal Health, Inc.* | 746,829 | |
20,140 | Eli Lilly & Co. | 15,668,114 | |
12,515 | Galderma Group AG* | 879,110 | |
46,993 | GSK PLC | 1,008,957 | |
14,280 | Longboard Pharmaceuticals, Inc.* | 308,448 | |
69,584 | Merck & Co., Inc. | 9,181,609 | |
9,744 | Novartis AG | 943,788 | |
17,500 | Otsuka Holdings Co. Ltd. | 726,920 | |
38,467 | Pfizer, Inc. | 1,067,459 | |
12,185 | Structure Therapeutics, Inc. ADR* | 522,249 | |
7,120 | UCB SA | 878,942 | |
23,038 | Verona Pharma PLC ADR* | 370,681 | |
15,887 | Zoetis, Inc. | 2,688,239 | |
41,214,087 | |||
Total Common Stocks (cost $93,858,770) | $ 139,944,298 | ||
RIGHTS - 0.0% | |||
Health Care Equipment - 0.0% | |||
885 | Abiomed, Inc. CVR*(1)(2) | $ 903 | |
Total Rights (cost $903) | $ 903 | ||
Total Long-Term Investments (cost $93,859,673) | $ 139,945,201 |
19 |
Shares or Principal Amount | Market Value† | ||
SHORT-TERM INVESTMENTS - 0.3% | |||
Repurchase Agreements - 0.3% | |||
$ 418,476 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $418,723; collateralized by U.S. Treasury Note at 4.25%, maturing 03/15/2027, with a market value of $426,906 | $ 418,476 | |
Total Short-Term Investments (cost $418,476) | $ 418,476 | ||
Total Investments (cost $94,278,149) | 98.1% | $ 140,363,677 | |
Other Assets and Liabilities | 1.9% | 2,695,979 | |
Total Net Assets | 100.0% | $ 143,059,656 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. |
* | Non-income producing. |
(1) | Investment valued using significant unobservable inputs. |
(2) | Currently no expiration date available. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Biotechnology | $ 26,748,427 | $ 25,620,574 | $ 1,127,853 | $ — | ||||
Health Care Distributors | 2,999,955 | 2,999,955 | — | — | ||||
Health Care Equipment | 22,077,748 | 21,479,101 | 598,647 | — | ||||
Health Care Facilities | 7,286,147 | 7,286,147 | — | — | ||||
Health Care Services | 4,265,749 | 4,265,749 | — | — | ||||
Health Care Technology | 808,601 | 808,601 | — | — | ||||
Life Sciences Tools & Services | 17,740,730 | 17,215,360 | 525,370 | — | ||||
Managed Health Care | 16,802,854 | 16,802,854 | — | — | ||||
Pharmaceuticals | 41,214,087 | 33,900,261 | 7,313,826 | — | ||||
Rights | 903 | — | — | 903 | ||||
Short-Term Investments | 418,476 | — | 418,476 | — | ||||
Total | $ 140,363,677 | $ 130,378,602 | $ 9,984,172 | $ 903 |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
20 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.1% | |||
Australia - 1.8% | |||
250,108 | Rio Tinto PLC | $ 15,813,042 | |
Brazil - 2.1% | |||
1,008,509 | Localiza Rent a Car SA | 10,995,189 | |
281,484 | XP, Inc. Class A | 7,222,880 | |
18,218,069 | |||
Canada - 8.7% | |||
109,085 | Cameco Corp. | 4,722,413 | |
150,057 | Canadian Pacific Kansas City Ltd. | 13,230,451 | |
683,748 | Cenovus Energy, Inc. | 13,669,407 | |
3,999 | Constellation Software, Inc. | 10,923,406 | |
125,417 | RB Global, Inc. | 9,552,451 | |
153,070 | Royal Bank of Canada | 15,438,650 | |
58,876 | TFI International, Inc. | 9,388,517 | |
76,925,295 | |||
China - 4.8% | |||
206,000 | BYD Co. Ltd. Class H | 5,274,640 | |
601,826 | ENN Energy Holdings Ltd. | 4,682,782 | |
313,865 | KE Holdings, Inc. ADR | 4,309,366 | |
577,738 | Proya Cosmetics Co. Ltd. Class A | 7,463,159 | |
527,691 | Tencent Holdings Ltd. | 20,553,529 | |
42,283,476 | |||
Denmark - 2.1% | |||
141,622 | Novo Nordisk AS Class B | 18,166,330 | |
France - 12.4% | |||
83,805 | Airbus SE | 15,439,292 | |
402,714 | AXA SA | 15,124,232 | |
210,974 | BNP Paribas SA | 15,020,268 | |
145,949 | Bureau Veritas SA | 4,456,323 | |
48,253 | Capgemini SE | 11,103,528 | |
4,774 | Hermes International SCA | 12,201,295 | |
19,581 | L'Oreal SA | 9,273,006 | |
48,962 | Pernod Ricard SA | 7,926,166 | |
240,152 | Renault SA | 12,118,092 | |
337,510 | Vallourec SACA* | 6,269,091 | |
108,931,293 | |||
Germany - 10.2% | |||
64,463 | adidas AG | 14,402,883 | |
484,593 | Deutsche Telekom AG | 11,763,246 | |
418,447 | Infineon Technologies AG | 14,229,512 | |
43,634 | Merck KGaA | 7,694,217 | |
293,369 | RWE AG | 9,970,786 | |
79,873 | SAP SE | 15,552,778 | |
86,271 | Siemens AG | 16,472,487 | |
90,085,909 | |||
Hong Kong - 0.6% | |||
180,200 | Hong Kong Exchanges & Clearing Ltd. | 5,250,713 | |
India - 3.6% | |||
875,700 | Axis Bank Ltd. | 11,036,789 | |
211,084 | Larsen & Toubro Ltd. | 9,547,173 | |
306,381 | Reliance Industries Ltd. | 10,955,624 | |
31,539,586 | |||
Indonesia - 0.9% | |||
11,757,500 | Bank Central Asia Tbk. PT | 7,477,034 | |
Italy - 2.2% | |||
20,206 | Ferrari NV | 8,810,531 | |
282,592 | UniCredit SpA | 10,732,641 | |
19,543,172 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 98.1% - (continued) | |||
Japan - 12.2% | |||
336,744 | Bandai Namco Holdings, Inc. | $ 6,248,336 | |
255,000 | Dai-ichi Life Holdings, Inc. | 6,503,656 | |
38,100 | Fast Retailing Co. Ltd. | 11,804,372 | |
283,330 | ITOCHU Corp. | 12,171,742 | |
31,022 | Keyence Corp. | 14,402,299 | |
1,623,200 | Mitsubishi UFJ Financial Group, Inc. | 16,514,591 | |
54,000 | Oriental Land Co. Ltd. | 1,729,929 | |
208,900 | Recruit Holdings Co. Ltd. | 9,172,124 | |
157,100 | Sony Group Corp. | 13,471,438 | |
246,300 | Sumitomo Mitsui Trust Holdings, Inc. | 5,306,927 | |
576,699 | T&D Holdings, Inc. | 10,025,446 | |
107,350,860 | |||
Netherlands - 6.6% | |||
22,537 | ASML Holding NV | 21,848,742 | |
39,817 | EXOR NV | 4,431,088 | |
577,037 | Shell PLC | 19,331,930 | |
77,900 | Wolters Kluwer NV | 12,198,345 | |
57,810,105 | |||
South Africa - 1.1% | |||
409,225 | Anglo American PLC | 10,084,457 | |
South Korea - 3.3% | |||
484,426 | Samsung Electronics Co. Ltd. | 29,112,789 | |
Spain - 1.3% | |||
943,385 | Iberdrola SA | 11,717,175 | |
Switzerland - 3.2% | |||
8,197 | Galderma Group AG* | 575,794 | |
178,361 | Novartis AG | 17,275,759 | |
7,490 | Partners Group Holding AG | 10,699,355 | |
28,550,908 | |||
Taiwan - 3.5% | |||
1,284,806 | Taiwan Semiconductor Manufacturing Co. Ltd. | 30,779,069 | |
Thailand - 1.2% | |||
3,018,273 | Kasikornbank PCL | 10,257,372 | |
United Kingdom - 10.5% | |||
146,163 | AstraZeneca PLC | 19,636,089 | |
939,055 | BAE Systems PLC | 16,006,584 | |
2,006,599 | HSBC Holdings PLC | 15,685,232 | |
136,857 | London Stock Exchange Group PLC | 16,375,493 | |
178,348 | Reckitt Benckiser Group PLC | 10,166,733 | |
292,097 | Unilever PLC | 14,663,796 | |
92,533,927 | |||
United States - 5.8% | |||
10,805 | ARM Holdings PLC ADR* | 1,350,517 | |
134,249 | CRH PLC | 11,587,028 | |
28,591 | CyberArk Software Ltd.* | 7,594,627 | |
381,057 | GSK PLC | 8,181,437 | |
21,357 | Linde PLC | 9,883,071 | |
34,131 | Spotify Technology SA* | 9,007,171 | |
169,752 | Tenaris SA | 3,356,205 | |
50,960,056 | |||
Total Common Stocks (cost $672,933,280) | $ 863,390,637 |
21 |
Shares or Principal Amount | Market Value† | ||
EXCHANGE-TRADED FUNDS - 0.1% | |||
Other Investment Pools & Funds - 0.1% | |||
16,620 | iShares MSCI ACWI ex U.S. ETF | $ 887,342 | |
Total Exchange-Traded Funds (cost $851,722) | $ 887,342 | ||
WARRANTS - 0.0% | |||
Canada - 0.0% | |||
5,095 | Constellation Software, Inc. Expires 03/31/2040*(1) | $ — | |
Total Warrants (cost $—) | $ — | ||
Total Long-Term Investments (cost $673,785,002) | $ 864,277,979 | ||
SHORT-TERM INVESTMENTS - 0.3% | |||
Repurchase Agreements - 0.3% | |||
$ 2,774,259 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $2,775,899; collateralized by U.S. Treasury Note at 2.63%, maturing 05/31/2027, with a market value of $2,829,776 | $ 2,774,259 | |
Total Short-Term Investments (cost $2,774,259) | $ 2,774,259 | ||
Total Investments (cost $676,559,261) | 98.5% | $ 867,052,238 | |
Other Assets and Liabilities | 1.5% | 13,185,088 | |
Total Net Assets | 100.0% | $ 880,237,326 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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) | Investment valued using significant unobservable inputs. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
22 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Australia | $ 15,813,042 | $ — | $ 15,813,042 | $ — | ||||
Brazil | 18,218,069 | 18,218,069 | — | — | ||||
Canada | 76,925,295 | 76,925,295 | — | — | ||||
China | 42,283,476 | 4,309,366 | 37,974,110 | — | ||||
Denmark | 18,166,330 | — | 18,166,330 | — | ||||
France | 108,931,293 | — | 108,931,293 | — | ||||
Germany | 90,085,909 | — | 90,085,909 | — | ||||
Hong Kong | 5,250,713 | — | 5,250,713 | — | ||||
India | 31,539,586 | — | 31,539,586 | — | ||||
Indonesia | 7,477,034 | — | 7,477,034 | — | ||||
Italy | 19,543,172 | — | 19,543,172 | — | ||||
Japan | 107,350,860 | — | 107,350,860 | — | ||||
Netherlands | 57,810,105 | — | 57,810,105 | — | ||||
South Africa | 10,084,457 | — | 10,084,457 | — | ||||
South Korea | 29,112,789 | — | 29,112,789 | — | ||||
Spain | 11,717,175 | — | 11,717,175 | — | ||||
Switzerland | 28,550,908 | 575,794 | 27,975,114 | — | ||||
Taiwan | 30,779,069 | — | 30,779,069 | — | ||||
Thailand | 10,257,372 | 10,257,372 | — | — | ||||
United Kingdom | 92,533,927 | — | 92,533,927 | — | ||||
United States | 50,960,056 | 17,952,315 | 33,007,741 | — | ||||
Exchange-Traded Funds | 887,342 | 887,342 | — | — | ||||
Warrants | — | — | — | — | ||||
Short-Term Investments | 2,774,259 | — | 2,774,259 | — | ||||
Total | $ 867,052,238 | $ 129,125,553 | $ 737,926,685 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
23 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 100.1% | |||
Automobiles & Components - 0.9% | |||
218,153 | Gentex Corp. | $ 7,879,686 | |
25,062 | Visteon Corp.* | 2,947,542 | |
10,827,228 | |||
Banks - 0.5% | |||
39,091 | M&T Bank Corp. | 5,685,395 | |
Capital Goods - 13.1% | |||
20,893 | Acuity Brands, Inc. | 5,614,576 | |
53,571 | Axon Enterprise, Inc.* | 16,761,295 | |
43,039 | Builders FirstSource, Inc.* | 8,975,784 | |
152,316 | Fortive Corp. | 13,102,222 | |
172,902 | Graco, Inc. | 16,159,421 | |
57,617 | IDEX Corp. | 14,059,700 | |
120,110 | Ingersoll Rand, Inc. | 11,404,445 | |
42,257 | Lennox International, Inc. | 20,653,531 | |
43,723 | Lincoln Electric Holdings, Inc. | 11,168,603 | |
48,543 | NEXTracker, Inc. Class A* | 2,731,515 | |
30,454 | Watsco, Inc. | 13,155,214 | |
109,181 | Westinghouse Air Brake Technologies Corp. | 15,905,488 | |
149,691,794 | |||
Commercial & Professional Services - 2.0% | |||
79,138 | Copart, Inc.* | 4,583,673 | |
181,261 | Dayforce, Inc.* | 12,001,291 | |
87,103 | Genpact Ltd. | 2,870,044 | |
4,931 | Rollins, Inc. | 228,157 | |
36,766 | TransUnion | 2,933,927 | |
22,617,092 | |||
Consumer Discretionary Distribution & Retail - 4.3% | |||
185,881 | CarMax, Inc.* | 16,192,094 | |
70,979 | Floor & Decor Holdings, Inc. Class A* | 9,200,298 | |
7,539 | O'Reilly Automotive, Inc.* | 8,510,626 | |
335,787 | Valvoline, Inc.* | 14,966,027 | |
48,869,045 | |||
Consumer Durables & Apparel - 3.8% | |||
17,941 | Deckers Outdoor Corp.* | 16,887,146 | |
3,219 | NVR, Inc.* | 26,073,771 | |
42,960,917 | |||
Consumer Services - 4.6% | |||
90,226 | Choice Hotels International, Inc.(1) | 11,400,055 | |
461 | Domino's Pizza, Inc. | 229,062 | |
1,642 | DoorDash, Inc. Class A* | 226,136 | |
585,038 | DraftKings, Inc. Class A* | 26,566,576 | |
89,854 | Hyatt Hotels Corp. Class A | 14,342,495 | |
52,764,324 | |||
Energy - 3.5% | |||
321,841 | Marathon Oil Corp. | 9,120,974 | |
173,882 | Ovintiv, Inc. | 9,024,476 | |
198,073 | Targa Resources Corp. | 22,182,195 | |
40,327,645 | |||
Equity Real Estate Investment Trusts (REITs) - 1.0% | |||
94,852 | Lamar Advertising Co. Class A, REIT | 11,326,277 | |
Financial Services - 8.9% | |||
34,699 | Credit Acceptance Corp.* | 19,138,233 | |
78,752 | Hamilton Lane, Inc. Class A | 8,880,076 | |
31,553 | Morningstar, Inc. | 9,729,999 | |
418,602 | Nuvei Corp. | 13,236,195 | |
119,170 | Shift4 Payments, Inc. Class A* | 7,873,562 | |
164,409 | Tradeweb Markets, Inc. Class A | 17,126,486 | |
106,297 | WEX, Inc.* | 25,248,726 | |
101,233,277 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 100.1% - (continued) | |||
Food, Beverage & Tobacco - 1.5% | |||
100,728 | Celsius Holdings, Inc.* | $ 8,352,366 | |
86,046 | Post Holdings, Inc.* | 9,144,969 | |
17,497,335 | |||
Health Care Equipment & Services - 9.0% | |||
121,264 | Acadia Healthcare Co., Inc.* | 9,606,534 | |
846,243 | agilon health, Inc.* | 5,162,082 | |
146,746 | Dexcom, Inc.* | 20,353,670 | |
48,373 | Inspire Medical Systems, Inc.* | 10,390,037 | |
26,622 | Molina Healthcare, Inc.* | 10,937,116 | |
69,431 | Shockwave Medical, Inc.* | 22,608,817 | |
100,975 | Veeva Systems, Inc. Class A* | 23,394,898 | |
102,453,154 | |||
Household & Personal Products - 0.6% | |||
32,743 | elf Beauty, Inc.* | 6,418,610 | |
Insurance - 2.4% | |||
11,698 | Markel Group, Inc.* | 17,798,273 | |
56,026 | W R Berkley Corp. | 4,954,940 | |
2,287 | White Mountains Insurance Group Ltd. | 4,103,564 | |
26,856,777 | |||
Materials - 0.8% | |||
67,019 | Ball Corp. | 4,514,400 | |
183,723 | Element Solutions, Inc. | 4,589,400 | |
9,103,800 | |||
Media & Entertainment - 1.1% | |||
377,387 | Pinterest, Inc. Class A* | 13,084,007 | |
Pharmaceuticals, Biotechnology & Life Sciences - 12.3% | |||
259,404 | Apellis Pharmaceuticals, Inc.* | 15,247,767 | |
150,077 | Bio-Techne Corp. | 10,563,920 | |
270,826 | Exact Sciences Corp.* | 18,703,244 | |
50,250 | ICON PLC* | 16,881,488 | |
10,499 | Mettler-Toledo International, Inc.* | 13,977,214 | |
65,808 | Neurocrine Biosciences, Inc.* | 9,076,239 | |
348,008 | PTC Therapeutics, Inc.* | 10,123,553 | |
55,287 | Repligen Corp.* | 10,168,385 | |
70,446 | Sarepta Therapeutics, Inc.* | 9,119,939 | |
193,644 | Ultragenyx Pharmaceutical, Inc.* | 9,041,238 | |
38,202 | United Therapeutics Corp.* | 8,775,763 | |
26,353 | Waters Corp.* | 9,071,493 | |
140,750,243 | |||
Semiconductors & Semiconductor Equipment - 6.6% | |||
57,941 | Entegris, Inc. | 8,143,028 | |
118,644 | Lattice Semiconductor Corp.* | 9,281,520 | |
133,266 | MKS Instruments, Inc. | 17,724,378 | |
27,012 | Monolithic Power Systems, Inc. | 18,298,469 | |
53,784 | Onto Innovation, Inc.* | 9,739,207 | |
150,194 | Rambus, Inc.* | 9,283,491 | |
18,103 | Silicon Laboratories, Inc.* | 2,601,763 | |
75,071,856 | |||
Software & Services - 16.6% | |||
83,163 | CyberArk Software Ltd.* | 22,090,588 | |
223,178 | Datadog, Inc. Class A* | 27,584,801 | |
298,116 | Dynatrace, Inc.* | 13,844,507 | |
18,079 | Fair Isaac Corp.* | 22,591,699 | |
42,391 | HubSpot, Inc.* | 26,560,505 | |
600,713 | Informatica, Inc. Class A* | 21,024,955 | |
60,368 | MongoDB, Inc.* | 21,650,379 | |
110,699 | PTC, Inc.* | 20,915,469 |
24 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 100.1% - (continued) | |||
Software & Services - 16.6% - (continued) | |||
269,138 | Unity Software, Inc.* | $ 7,185,985 | |
28,622 | VeriSign, Inc.* | 5,424,155 | |
188,873,043 | |||
Technology Hardware & Equipment - 1.3% | |||
35,054 | CDW Corp. | 8,966,112 | |
225,003 | Flex Ltd.* | 6,437,336 | |
15,403,448 | |||
Transportation - 3.3% | |||
137,074 | Expeditors International of Washington, Inc. | 16,664,086 | |
55,626 | JB Hunt Transport Services, Inc. | 11,083,481 | |
140,174 | U-Haul Holding Co. | 9,346,802 | |
37,094,369 | |||
Utilities - 2.0% | |||
38,534 | Atmos Energy Corp. | 4,580,537 | |
152,779 | NiSource, Inc. | 4,225,867 | |
199,339 | Vistra Corp. | 13,883,961 | |
22,690,365 | |||
Total Common Stocks (cost $779,509,771) | $ 1,141,600,001 | ||
SHORT-TERM INVESTMENTS - 1.0% | |||
Repurchase Agreements - 0.0% | |||
$ 421,318 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $421,567; collateralized by U.S. Treasury Bond at 4.75%, maturing 02/15/2041, with a market value of $429,804 | $ 421,318 | |
Securities Lending Collateral - 1.0% | |||
1,748,497 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(2) | 1,748,497 | |
5,828,326 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(2) | 5,828,326 | |
1,748,498 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(2) | 1,748,498 | |
1,748,498 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(2) | 1,748,498 | |
11,073,819 | |||
Total Short-Term Investments (cost $11,495,137) | $ 11,495,137 | ||
Total Investments (cost $791,004,908) | 101.1% | $ 1,153,095,138 | |
Other Assets and Liabilities | (1.1)% | (12,466,180) | |
Total Net Assets | 100.0% | $ 1,140,628,958 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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) | Represents entire or partial securities on loan. |
(2) | Current yield as of period end. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
25 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Automobiles & Components | $ 10,827,228 | $ 10,827,228 | $ — | $ — | ||||
Banks | 5,685,395 | 5,685,395 | — | — | ||||
Capital Goods | 149,691,794 | 149,691,794 | — | — | ||||
Commercial & Professional Services | 22,617,092 | 22,617,092 | — | — | ||||
Consumer Discretionary Distribution & Retail | 48,869,045 | 48,869,045 | — | — | ||||
Consumer Durables & Apparel | 42,960,917 | 42,960,917 | — | — | ||||
Consumer Services | 52,764,324 | 52,764,324 | — | — | ||||
Energy | 40,327,645 | 40,327,645 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 11,326,277 | 11,326,277 | — | — | ||||
Financial Services | 101,233,277 | 101,233,277 | — | — | ||||
Food, Beverage & Tobacco | 17,497,335 | 17,497,335 | — | — | ||||
Health Care Equipment & Services | 102,453,154 | 102,453,154 | — | — | ||||
Household & Personal Products | 6,418,610 | 6,418,610 | — | — | ||||
Insurance | 26,856,777 | 26,856,777 | — | — | ||||
Materials | 9,103,800 | 9,103,800 | — | — | ||||
Media & Entertainment | 13,084,007 | 13,084,007 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 140,750,243 | 140,750,243 | — | — | ||||
Semiconductors & Semiconductor Equipment | 75,071,856 | 75,071,856 | — | — | ||||
Software & Services | 188,873,043 | 188,873,043 | — | — | ||||
Technology Hardware & Equipment | 15,403,448 | 15,403,448 | — | — | ||||
Transportation | 37,094,369 | 37,094,369 | — | — | ||||
Utilities | 22,690,365 | 22,690,365 | — | — | ||||
Short-Term Investments | 11,495,137 | 11,073,819 | 421,318 | — | ||||
Total | $ 1,153,095,138 | $ 1,152,673,820 | $ 421,318 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
26 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.2% | |||
Automobiles & Components - 2.1% | |||
361,246 | Goodyear Tire & Rubber Co.* | $ 4,959,908 | |
21,916 | Patrick Industries, Inc. | 2,618,304 | |
75,062 | Visteon Corp.* | 8,828,042 | |
16,406,254 | |||
Banks - 1.1% | |||
102,726 | Synovus Financial Corp. | 4,115,204 | |
61,197 | Triumph Financial, Inc.* | 4,854,146 | |
8,969,350 | |||
Capital Goods - 15.2% | |||
57,956 | Applied Industrial Technologies, Inc. | 11,449,208 | |
172,469 | AZEK Co., Inc.* | 8,661,393 | |
40,408 | Boise Cascade Co. | 6,197,375 | |
62,609 | Chart Industries, Inc.* | 10,312,954 | |
30,460 | Comfort Systems USA, Inc. | 9,677,447 | |
213,963 | Fluor Corp.* | 9,046,356 | |
194,850 | FTAI Aviation Ltd. | 13,113,405 | |
10,587 | Herc Holdings, Inc. | 1,781,792 | |
776,838 | Hillman Solutions Corp.* | 8,265,556 | |
70,122 | John Bean Technologies Corp. | 7,355,097 | |
132,587 | NEXTracker, Inc. Class A* | 7,460,670 | |
129,525 | Rush Enterprises, Inc. Class A | 6,932,178 | |
79,055 | SPX Technologies, Inc.* | 9,734,042 | |
123,543 | WillScot Mobile Mini Holdings Corp.* | 5,744,750 | |
158,858 | Zurn Elkay Water Solutions Corp. | 5,316,977 | |
121,049,200 | |||
Commercial & Professional Services - 5.6% | |||
15,993 | CACI International, Inc. Class A* | 6,058,628 | |
53,515 | Casella Waste Systems, Inc. Class A* | 5,291,028 | |
26,648 | Clean Harbors, Inc.* | 5,364,509 | |
40,644 | Dayforce, Inc.* | 2,691,039 | |
123,358 | ExlService Holdings, Inc.* | 3,922,784 | |
21,209 | Insperity, Inc. | 2,324,718 | |
87,948 | KBR, Inc. | 5,598,770 | |
19,016 | TriNet Group, Inc. | 2,519,430 | |
426,543 | Verra Mobility Corp.* | 10,650,779 | |
44,421,685 | |||
Consumer Discretionary Distribution & Retail - 2.5% | |||
34,694 | Abercrombie & Fitch Co. Class A* | 4,348,199 | |
72,514 | Boot Barn Holdings, Inc.* | 6,899,707 | |
251,858 | Chewy, Inc. Class A* | 4,007,061 | |
73,364 | Etsy, Inc.* | 5,041,574 | |
20,296,541 | |||
Consumer Durables & Apparel - 5.1% | |||
14,199 | Cavco Industries, Inc.* | 5,666,253 | |
64,571 | Century Communities, Inc. | 6,231,101 | |
33,826 | Crocs, Inc.* | 4,864,179 | |
44,666 | PVH Corp. | 6,280,486 | |
113,609 | SharkNinja, Inc. | 7,076,705 | |
43,917 | Smith Douglas Homes Corp.* | 1,304,335 | |
281,479 | VF Corp. | 4,317,888 | |
126,594 | YETI Holdings, Inc.* | 4,880,199 | |
40,621,146 | |||
Consumer Services - 2.9% | |||
20,927 | Duolingo, Inc.* | 4,616,078 | |
359,811 | European Wax Center, Inc. Class A* | 4,670,347 | |
23,290 | Texas Roadhouse, Inc. | 3,597,606 | |
8,456 | Wingstop, Inc. | 3,098,278 | |
91,701 | Wyndham Hotels & Resorts, Inc. | 7,038,052 | |
23,020,361 | |||
Energy - 4.5% | |||
86,617 | Cactus, Inc. Class A | 4,338,646 | |
29,606 | Chord Energy Corp. | 5,276,974 | |
30,351 | Gulfport Energy Corp.* | 4,859,802 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.2% - (continued) | |||
Energy - 4.5% - (continued) | |||
106,689 | Helmerich & Payne, Inc. | $ 4,487,339 | |
76,065 | Magnolia Oil & Gas Corp. Class A | 1,973,887 | |
122,526 | SM Energy Co. | 6,107,921 | |
78,103 | Weatherford International PLC* | 9,014,648 | |
36,059,217 | |||
Equity Real Estate Investment Trusts (REITs) - 1.5% | |||
175,950 | Phillips Edison & Co., Inc. REIT | 6,311,327 | |
46,799 | Ryman Hospitality Properties, Inc. REIT | 5,410,432 | |
11,721,759 | |||
Financial Services - 3.8% | |||
125,491 | MGIC Investment Corp. | 2,805,979 | |
234,779 | Remitly Global, Inc.* | 4,869,316 | |
184,742 | StepStone Group, Inc. Class A | 6,602,679 | |
98,986 | Stifel Financial Corp. | 7,737,736 | |
33,924 | WEX, Inc.* | 8,057,968 | |
30,073,678 | |||
Food, Beverage & Tobacco - 1.1% | |||
78,404 | Freshpet, Inc.* | 9,083,887 | |
Health Care Equipment & Services - 8.7% | |||
121,958 | AtriCure, Inc.* | 3,709,962 | |
113,615 | Encompass Health Corp. | 9,382,327 | |
87,789 | Ensign Group, Inc. | 10,922,707 | |
114,752 | Haemonetics Corp.* | 9,794,083 | |
102,051 | HealthEquity, Inc.* | 8,330,423 | |
21,766 | Inspire Medical Systems, Inc.* | 4,675,119 | |
51,915 | iRhythm Technologies, Inc.* | 6,022,140 | |
206,142 | Option Care Health, Inc.* | 6,914,003 | |
29,622 | QuidelOrtho Corp.* | 1,420,079 | |
170,820 | RadNet, Inc.* | 8,312,101 | |
69,482,944 | |||
Household & Personal Products - 2.1% | |||
77,564 | BellRing Brands, Inc.* | 4,578,603 | |
62,047 | elf Beauty, Inc.* | 12,163,073 | |
16,741,676 | |||
Insurance - 0.6% | |||
42,521 | Selective Insurance Group, Inc. | 4,642,018 | |
Materials - 4.0% | |||
534,253 | Arcadium Lithium PLC* | 2,302,631 | |
193,701 | Axalta Coating Systems Ltd.* | 6,661,377 | |
116,092 | Cabot Corp. | 10,703,682 | |
83,504 | FMC Corp. | 5,319,205 | |
84,952 | Louisiana-Pacific Corp. | 7,128,322 | |
32,115,217 | |||
Media & Entertainment - 1.0% | |||
521,404 | Eventbrite, Inc. Class A* | 2,857,294 | |
309,746 | ZoomInfo Technologies, Inc.* | 4,965,228 | |
7,822,522 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 12.7% | |||
105,934 | Akero Therapeutics, Inc.* | 2,675,893 | |
244,993 | Alkermes PLC* | 6,631,961 | |
260,176 | Amicus Therapeutics, Inc.* | 3,064,873 | |
54,823 | Apogee Therapeutics, Inc.*(1) | 3,642,988 | |
47,275 | Arcturus Therapeutics Holdings, Inc.* | 1,596,477 | |
46,538 | Avidity Biosciences, Inc.* | 1,187,650 | |
53,276 | Axsome Therapeutics, Inc.* | 4,251,425 | |
63,309 | Blueprint Medicines Corp.* | 6,005,492 | |
49,073 | Boundless Bio, Inc.* | 785,167 | |
68,649 | Bridgebio Pharma, Inc.* | 2,122,627 | |
79,902 | Cabaletta Bio, Inc.* | 1,363,128 | |
99,760 | Celldex Therapeutics, Inc.* | 4,186,927 | |
106,617 | Crinetics Pharmaceuticals, Inc.* | 4,990,742 | |
317,959 | Cytek Biosciences, Inc.* | 2,133,505 |
27 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.2% - (continued) | |||
Pharmaceuticals, Biotechnology & Life Sciences - 12.7% - (continued) | |||
80,265 | Cytokinetics, Inc.* | $ 5,627,379 | |
112,132 | Denali Therapeutics, Inc.* | 2,300,949 | |
1,140,777 | Geron Corp.* | 3,764,564 | |
37,397 | Intellia Therapeutics, Inc.* | 1,028,792 | |
96,697 | Intra-Cellular Therapies, Inc.* | 6,691,432 | |
78,830 | Ionis Pharmaceuticals, Inc.* | 3,417,281 | |
71,036 | Kymera Therapeutics, Inc.* | 2,855,647 | |
36,103 | Kyverna Therapeutics, Inc.*(1) | 896,799 | |
22,331 | MoonLake Immunotherapeutics*(1) | 1,121,686 | |
68,745 | Morphic Holding, Inc.* | 2,419,824 | |
16,014 | Nuvalent, Inc. Class A* | 1,202,491 | |
56,603 | Prothena Corp. PLC* | 1,402,056 | |
167,241 | REVOLUTION Medicines, Inc.* | 5,390,177 | |
139,015 | Rocket Pharmaceuticals, Inc.* | 3,745,064 | |
45,254 | Structure Therapeutics, Inc. ADR* | 1,939,586 | |
67,174 | Ultragenyx Pharmaceutical, Inc.* | 3,136,354 | |
113,065 | Vaxcyte, Inc.* | 7,723,470 | |
101,325 | Veracyte, Inc.* | 2,245,362 | |
101,547,768 | |||
Semiconductors & Semiconductor Equipment - 4.7% | |||
15,872 | Axcelis Technologies, Inc.* | 1,770,046 | |
30,000 | Cirrus Logic, Inc.* | 2,776,800 | |
144,211 | Credo Technology Group Holding Ltd.* | 3,055,831 | |
75,016 | FormFactor, Inc.* | 3,422,980 | |
52,515 | MKS Instruments, Inc. | 6,984,495 | |
37,979 | Onto Innovation, Inc.* | 6,877,237 | |
72,520 | Power Integrations, Inc. | 5,188,806 | |
77,801 | Rambus, Inc.* | 4,808,880 | |
98,743 | SMART Global Holdings, Inc.* | 2,598,916 | |
37,483,991 | |||
Software & Services - 14.0% | |||
65,671 | Agilysys, Inc.* | 5,533,438 | |
86,462 | Alarm.com Holdings, Inc.* | 6,265,901 | |
71,784 | Altair Engineering, Inc. Class A* | 6,184,192 | |
30,809 | Appfolio, Inc. Class A* | 7,601,813 | |
103,376 | Blackbaud, Inc.* | 7,664,297 | |
59,685 | Braze, Inc. Class A* | 2,644,046 | |
324,021 | CCC Intelligent Solutions Holdings, Inc.* | 3,875,291 | |
87,069 | DoubleVerify Holdings, Inc.* | 3,061,346 | |
40,599 | Five9, Inc.* | 2,521,604 | |
268,777 | Grid Dynamics Holdings, Inc.* | 3,303,269 | |
43,692 | Guidewire Software, Inc.* | 5,099,293 | |
131,027 | Intapp, Inc.* | 4,494,226 | |
221,058 | Jamf Holding Corp.* | 4,056,414 | |
4,810 | MicroStrategy, Inc. Class A* | 8,198,934 | |
65,412 | Perficient, Inc.* | 3,682,041 | |
167,426 | PowerSchool Holdings, Inc. Class A* | 3,564,500 | |
46,031 | Rapid7, Inc.* | 2,257,360 | |
141,231 | Sprinklr, Inc. Class A* | 1,732,904 | |
97,083 | Sprout Social, Inc. Class A* | 5,796,826 | |
30,120 | SPS Commerce, Inc.* | 5,569,188 | |
205,604 | Squarespace, Inc. Class A* | 7,492,210 | |
107,629 | Varonis Systems, Inc.* | 5,076,860 | |
148,126 | Verint Systems, Inc.* | 4,910,377 | |
16,954 | Workiva, Inc.* | 1,437,699 | |
112,024,029 | |||
Technology Hardware & Equipment - 6.0% | |||
55,301 | Fabrinet* | 10,452,995 | |
45,252 | Insight Enterprises, Inc.* | 8,395,151 | |
10,901 | Littelfuse, Inc. | 2,641,858 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.2% - (continued) | |||
Technology Hardware & Equipment - 6.0% - (continued) | |||
30,942 | Novanta, Inc.* | $ 5,407,733 | |
20,436 | Super Micro Computer, Inc.* | 20,640,973 | |
47,538,710 | |||
Total Common Stocks (cost $580,195,289) | $ 791,121,953 | ||
SHORT-TERM INVESTMENTS - 0.7% | |||
Repurchase Agreements - 0.2% | |||
$ 1,481,415 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $1,482,291; collateralized by U.S. Treasury Bond at 4.75%, maturing 02/15/2041, with a market value of $1,511,105 | $ 1,481,415 | |
Securities Lending Collateral - 0.5% | |||
647,801 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(2) | 647,801 | |
2,159,336 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(2) | 2,159,336 | |
647,801 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(2) | 647,801 | |
647,801 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(2) | 647,801 | |
4,102,739 | |||
Total Short-Term Investments (cost $5,584,154) | $ 5,584,154 | ||
Total Investments (cost $585,779,443) | 99.9% | $ 796,706,107 | |
Other Assets and Liabilities | 0.1% | 601,206 | |
Total Net Assets | 100.0% | $ 797,307,313 |
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. |
(1) | Represents entire or partial securities on loan. |
(2) | Current yield as of period end. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
†† | Effective April 29, 2024, Hartford Small Cap Growth HLS Fund, a series of the Hartford HLS Series Fund II, Inc., was reorganized into Hartford HLS Series Fund, Inc. |
28 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Automobiles & Components | $ 16,406,254 | $ 16,406,254 | $ — | $ — | ||||
Banks | 8,969,350 | 8,969,350 | — | — | ||||
Capital Goods | 121,049,200 | 121,049,200 | — | — | ||||
Commercial & Professional Services | 44,421,685 | 44,421,685 | — | — | ||||
Consumer Discretionary Distribution & Retail | 20,296,541 | 20,296,541 | — | — | ||||
Consumer Durables & Apparel | 40,621,146 | 40,621,146 | — | — | ||||
Consumer Services | 23,020,361 | 23,020,361 | — | — | ||||
Energy | 36,059,217 | 36,059,217 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 11,721,759 | 11,721,759 | — | — | ||||
Financial Services | 30,073,678 | 30,073,678 | — | — | ||||
Food, Beverage & Tobacco | 9,083,887 | 9,083,887 | — | — | ||||
Health Care Equipment & Services | 69,482,944 | 69,482,944 | — | — | ||||
Household & Personal Products | 16,741,676 | 16,741,676 | — | — | ||||
Insurance | 4,642,018 | 4,642,018 | — | — | ||||
Materials | 32,115,217 | 32,115,217 | — | — | ||||
Media & Entertainment | 7,822,522 | 7,822,522 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 101,547,768 | 101,547,768 | — | — | ||||
Semiconductors & Semiconductor Equipment | 37,483,991 | 37,483,991 | — | — | ||||
Software & Services | 112,024,029 | 112,024,029 | — | — | ||||
Technology Hardware & Equipment | 47,538,710 | 47,538,710 | — | — | ||||
Short-Term Investments | 5,584,154 | 4,102,739 | 1,481,415 | — | ||||
Total | $ 796,706,107 | $ 795,224,692 | $ 1,481,415 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
29 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.0% | |||
Automobiles & Components - 0.8% | |||
28,957 | Visteon Corp.* | $ 3,405,633 | |
Banks - 1.0% | |||
148,307 | Cadence Bank | 4,300,903 | |
Capital Goods - 17.9% | |||
16,536 | Acuity Brands, Inc. | 4,443,719 | |
94,670 | Ameresco, Inc. Class A* | 2,284,387 | |
60,542 | Applied Industrial Technologies, Inc. | 11,960,072 | |
219,148 | AZEK Co., Inc.* | 11,005,613 | |
27,224 | Comfort Systems USA, Inc. | 8,649,337 | |
31,028 | Curtiss-Wright Corp. | 7,941,306 | |
232,966 | Fluor Corp.* | 9,849,803 | |
25,981 | Middleby Corp.* | 4,177,485 | |
71,811 | NEXTracker, Inc. Class A* | 4,040,805 | |
98,479 | Rush Enterprises, Inc. Class A | 5,270,596 | |
267,268 | Shoals Technologies Group, Inc. Class A* | 2,988,056 | |
216,922 | Zurn Elkay Water Solutions Corp. | 7,260,380 | |
79,871,559 | |||
Commercial & Professional Services - 7.3% | |||
139,650 | Aris Water Solutions, Inc. Class A | 1,976,047 | |
52,830 | Casella Waste Systems, Inc. Class A* | 5,223,302 | |
238,116 | ExlService Holdings, Inc.* | 7,572,089 | |
52,338 | TriNet Group, Inc. | 6,934,262 | |
443,354 | Verra Mobility Corp.* | 11,070,549 | |
32,776,249 | |||
Consumer Discretionary Distribution & Retail - 2.9% | |||
30,407 | Abercrombie & Fitch Co. Class A* | 3,810,909 | |
36,915 | Boot Barn Holdings, Inc.* | 3,512,462 | |
97,275 | Global-e Online Ltd.* | 3,535,946 | |
43,094 | Tory Burch LLC(1)(2) | 2,161,597 | |
13,020,914 | |||
Consumer Durables & Apparel - 3.4% | |||
28,427 | Crocs, Inc.* | 4,087,803 | |
90,846 | Skyline Champion Corp.* | 7,722,818 | |
82,447 | YETI Holdings, Inc.* | 3,178,332 | |
14,988,953 | |||
Consumer Services - 5.4% | |||
81,878 | Boyd Gaming Corp. | 5,512,027 | |
9,397 | Duolingo, Inc.* | 2,072,790 | |
236,955 | European Wax Center, Inc. Class A* | 3,075,676 | |
530,550 | Genius Sports Ltd.* | 3,029,440 | |
106,915 | H&R Block, Inc. | 5,250,596 | |
13,819 | Wingstop, Inc. | 5,063,282 | |
24,003,811 | |||
Energy - 5.3% | |||
122,053 | Cactus, Inc. Class A | 6,113,635 | |
29,863 | Chord Energy Corp. | 5,322,781 | |
86,349 | Seadrill Ltd.* | 4,343,355 | |
207,192 | Viper Energy, Inc. | 7,968,604 | |
23,748,375 | |||
Equity Real Estate Investment Trusts (REITs) - 2.9% | |||
150,506 | Phillips Edison & Co., Inc. REIT | 5,398,650 | |
65,859 | Ryman Hospitality Properties, Inc. REIT | 7,613,959 | |
13,012,609 | |||
Financial Services - 2.2% | |||
167,650 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. REIT(3) | 4,761,260 | |
51,394 | PJT Partners, Inc. Class A | 4,844,398 | |
9,605,658 | |||
Food, Beverage & Tobacco - 2.2% | |||
119,569 | Celsius Holdings, Inc.* | 9,914,662 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.0% - (continued) | |||
Health Care Equipment & Services - 9.3% | |||
51,407 | Acadia Healthcare Co., Inc.* | $ 4,072,463 | |
34,677 | Glaukos Corp.* | 3,269,694 | |
71,773 | Haemonetics Corp.* | 6,125,826 | |
55,030 | HealthEquity, Inc.* | 4,492,099 | |
69,952 | Inari Medical, Inc.* | 3,356,297 | |
23,989 | Inspire Medical Systems, Inc.* | 5,152,597 | |
184,109 | PROCEPT BioRobotics Corp.* | 9,098,667 | |
18,632 | Shockwave Medical, Inc.* | 6,067,138 | |
41,634,781 | |||
Household & Personal Products - 3.0% | |||
67,283 | elf Beauty, Inc.* | 13,189,487 | |
Insurance - 1.1% | |||
374,027 | SiriusPoint Ltd.* | 4,753,883 | |
Materials - 2.8% | |||
549,975 | Arcadium Lithium PLC*(3) | 2,370,392 | |
109,192 | Cabot Corp. | 10,067,503 | |
12,437,895 | |||
Media & Entertainment - 3.2% | |||
131,473 | Cargurus, Inc.* | 3,034,397 | |
123,283 | Criteo SA ADR* | 4,323,535 | |
589,824 | Eventbrite, Inc. Class A* | 3,232,235 | |
60,231 | Ziff Davis, Inc.* | 3,796,962 | |
14,387,129 | |||
Pharmaceuticals, Biotechnology & Life Sciences - 12.2% | |||
71,988 | Akero Therapeutics, Inc.* | 1,818,417 | |
148,967 | Amicus Therapeutics, Inc.* | 1,754,831 | |
32,034 | Apellis Pharmaceuticals, Inc.* | 1,882,958 | |
44,040 | Apogee Therapeutics, Inc.* | 2,926,458 | |
34,884 | Blueprint Medicines Corp.* | 3,309,096 | |
79,303 | Celldex Therapeutics, Inc.* | 3,328,347 | |
44,240 | Crinetics Pharmaceuticals, Inc.* | 2,070,874 | |
49,640 | Cytokinetics, Inc.* | 3,480,260 | |
161,740 | Immatics NV*(3) | 1,699,887 | |
36,206 | Immunocore Holdings PLC ADR* | 2,353,390 | |
40,324 | Intellia Therapeutics, Inc.* | 1,109,313 | |
49,647 | Intra-Cellular Therapies, Inc.* | 3,435,572 | |
39,148 | Kymera Therapeutics, Inc.* | 1,573,750 | |
57,623 | Longboard Pharmaceuticals, Inc.*(3) | 1,244,657 | |
51,585 | Merus NV* | 2,322,873 | |
36,891 | Morphic Holding, Inc.* | 1,298,563 | |
26,011 | Prothena Corp. PLC* | 644,292 | |
49,375 | PTC Therapeutics, Inc.* | 1,436,319 | |
113,307 | REVOLUTION Medicines, Inc.* | 3,651,885 | |
134,333 | Rocket Pharmaceuticals, Inc.* | 3,618,931 | |
26,339 | Structure Therapeutics, Inc. ADR* | 1,128,890 | |
107,200 | Syndax Pharmaceuticals, Inc.* | 2,551,360 | |
55,676 | Vaxcyte, Inc.* | 3,803,228 | |
107,719 | Verona Pharma PLC ADR* | 1,733,199 | |
54,177,350 | |||
Semiconductors & Semiconductor Equipment - 2.7% | |||
31,144 | MKS Instruments, Inc. | 4,142,152 | |
24,286 | SiTime Corp.* | 2,264,184 | |
39,050 | Synaptics, Inc.* | 3,809,718 | |
12,197 | Universal Display Corp. | 2,054,584 | |
12,270,638 | |||
Software & Services - 10.6% | |||
223,926 | Clearwater Analytics Holdings, Inc. Class A* | 3,961,251 | |
27,068 | CyberArk Software Ltd.* | 7,190,073 | |
187,978 | DoubleVerify Holdings, Inc.* | 6,609,306 | |
67,542 | Five9, Inc.* | 4,195,034 | |
61,344 | Intapp, Inc.* | 2,104,099 | |
244,107 | Jamf Holding Corp.* | 4,479,363 | |
18,852 | Manhattan Associates, Inc.* | 4,717,336 |
30 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 99.0% - (continued) | |||
Software & Services - 10.6% - (continued) | |||
287,944 | PowerSchool Holdings, Inc. Class A* | $ 6,130,328 | |
83,754 | Sprout Social, Inc. Class A* | 5,000,951 | |
80,506 | Squarespace, Inc. Class A* | 2,933,639 | |
47,321,380 | |||
Technology Hardware & Equipment - 2.8% | |||
48,580 | Calix, Inc.* | 1,610,913 | |
34,845 | ePlus, Inc.* | 2,736,726 | |
11,787 | Fabrinet* | 2,227,979 | |
33,603 | Novanta, Inc.* | 5,872,796 | |
12,448,414 | |||
Total Common Stocks (cost $348,029,461) | $ 441,270,283 | ||
EXCHANGE-TRADED FUNDS - 0.3% | |||
Other Investment Pools & Funds - 0.3% | |||
5,285 | iShares Russell 2000 Growth ETF (3) | $ 1,431,178 | |
Total Exchange-Traded Funds (cost $1,355,289) | $ 1,431,178 | ||
Total Long-Term Investments (cost $349,384,750) | $ 442,701,461 | ||
SHORT-TERM INVESTMENTS - 2.2% | |||
Repurchase Agreements - 0.2% | |||
$ 692,960 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $693,370; collateralized by U.S. Treasury Note at 4.25%, maturing 03/15/2027, with a market value of $706,850 | $ 692,960 | |
Securities Lending Collateral - 2.0% | |||
1,409,567 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(4) | 1,409,567 | |
4,698,557 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(4) | 4,698,557 | |
1,409,567 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(4) | 1,409,567 | |
1,409,567 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(4) | 1,409,567 | |
8,927,258 | |||
Total Short-Term Investments (cost $9,620,218) | $ 9,620,218 | ||
Total Investments (cost $359,004,968) | 101.5% | $ 452,321,679 | |
Other Assets and Liabilities | (1.5)% | (6,613,807) | |
Total Net Assets | 100.0% | $ 445,707,872 |
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. |
(1) | Investment in securities not registered under the Securities Act of 1933 (excluding securities acquired pursuant to Rule 144A and Regulation S). At the end of the period, the value of such restricted securities amounted to $2,161,597 or 0.5% of net assets. |
Period Acquired | Security Name | Shares/ Par Value | Total Cost | Market Value | ||||
11/2013 | Tory Burch LLC | 43,094 | $ 3,377,559 | $ 2,161,597 |
(2) | Investment valued using significant unobservable inputs. |
(3) | Represents entire or partial securities on loan. |
(4) | Current yield as of period end. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
31 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Automobiles & Components | $ 3,405,633 | $ 3,405,633 | $ — | $ — | ||||
Banks | 4,300,903 | 4,300,903 | — | — | ||||
Capital Goods | 79,871,559 | 79,871,559 | — | — | ||||
Commercial & Professional Services | 32,776,249 | 32,776,249 | — | — | ||||
Consumer Discretionary Distribution & Retail | 13,020,914 | 10,859,317 | — | 2,161,597 | ||||
Consumer Durables & Apparel | 14,988,953 | 14,988,953 | — | — | ||||
Consumer Services | 24,003,811 | 24,003,811 | — | — | ||||
Energy | 23,748,375 | 23,748,375 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 13,012,609 | 13,012,609 | — | — | ||||
Financial Services | 9,605,658 | 9,605,658 | — | — | ||||
Food, Beverage & Tobacco | 9,914,662 | 9,914,662 | — | — | ||||
Health Care Equipment & Services | 41,634,781 | 41,634,781 | — | — | ||||
Household & Personal Products | 13,189,487 | 13,189,487 | — | — | ||||
Insurance | 4,753,883 | 4,753,883 | — | — | ||||
Materials | 12,437,895 | 12,437,895 | — | — | ||||
Media & Entertainment | 14,387,129 | 14,387,129 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 54,177,350 | 54,177,350 | — | — | ||||
Semiconductors & Semiconductor Equipment | 12,270,638 | 12,270,638 | — | — | ||||
Software & Services | 47,321,380 | 47,321,380 | — | — | ||||
Technology Hardware & Equipment | 12,448,414 | 12,448,414 | — | — | ||||
Exchange-Traded Funds | 1,431,178 | 1,431,178 | — | — | ||||
Short-Term Investments | 9,620,218 | 8,927,258 | 692,960 | — | ||||
Total | $ 452,321,679 | $ 449,467,122 | $ 692,960 | $ 2,161,597 |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
32 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 96.6% | |||
Banks - 1.0% | |||
89,006 | PNC Financial Services Group, Inc. | $ 14,383,370 | |
Capital Goods - 11.3% | |||
31,538 | Deere & Co. | 12,953,918 | |
104,126 | General Dynamics Corp. | 29,414,554 | |
193,460 | Honeywell International, Inc. | 39,707,665 | |
40,569 | Lockheed Martin Corp. | 18,453,621 | |
79,214 | Northrop Grumman Corp. | 37,916,573 | |
170,558 | RTX Corp. | 16,634,522 | |
155,080,853 | |||
Commercial & Professional Services - 2.1% | |||
113,704 | Automatic Data Processing, Inc. | 28,396,437 | |
Consumer Discretionary Distribution & Retail - 4.9% | |||
70,145 | Home Depot, Inc. | 26,907,622 | |
400,326 | TJX Cos., Inc. | 40,601,063 | |
67,508,685 | |||
Consumer Durables & Apparel - 2.2% | |||
326,699 | NIKE, Inc. Class B | 30,703,172 | |
Consumer Services - 2.6% | |||
124,973 | McDonald's Corp. | 35,236,137 | |
Consumer Staples Distribution & Retail - 1.9% | |||
35,127 | Costco Wholesale Corp. | 25,735,094 | |
Equity Real Estate Investment Trusts (REITs) - 2.9% | |||
114,195 | American Tower Corp. REIT | 22,563,790 | |
62,053 | Public Storage REIT | 17,999,093 | |
40,562,883 | |||
Financial Services - 9.0% | |||
180,585 | American Express Co. | 41,117,399 | |
83,018 | Mastercard, Inc. Class A | 39,978,978 | |
153,220 | Visa, Inc. Class A | 42,760,637 | |
123,857,014 | |||
Food, Beverage & Tobacco - 7.1% | |||
459,324 | Coca-Cola Co. | 28,101,442 | |
899,508 | Diageo PLC | 33,283,785 | |
204,892 | PepsiCo, Inc. | 35,858,149 | |
97,243,376 | |||
Health Care Equipment & Services - 11.0% | |||
295,869 | Abbott Laboratories | 33,628,470 | |
282,133 | Medtronic PLC | 24,587,891 | |
139,932 | Stryker Corp. | 50,077,465 | |
88,517 | UnitedHealth Group, Inc. | 43,789,360 | |
152,083,186 | |||
Household & Personal Products - 5.6% | |||
457,041 | Colgate-Palmolive Co. | 41,156,542 | |
225,513 | Procter & Gamble Co. | 36,589,484 | |
77,746,026 | |||
Insurance - 5.0% | |||
118,925 | Chubb Ltd. | 30,817,035 | |
182,829 | Marsh & McLennan Cos., Inc. | 37,659,118 | |
68,476,153 | |||
Materials - 5.5% | |||
140,683 | Ecolab, Inc. | 32,483,705 | |
92,313 | Linde PLC | 42,862,772 | |
75,346,477 |
Shares or Principal Amount | Market Value† | ||
COMMON STOCKS - 96.6% - (continued) | |||
Pharmaceuticals, Biotechnology & Life Sciences - 7.5% | |||
177,762 | Danaher Corp. | $ 44,390,727 | |
192,618 | Johnson & Johnson | 30,470,241 | |
159,381 | Merck & Co., Inc. | 21,030,323 | |
245,777 | Pfizer, Inc. | 6,820,312 | |
102,711,603 | |||
Semiconductors & Semiconductor Equipment - 2.4% | |||
194,076 | Texas Instruments, Inc. | 33,809,980 | |
Software & Services - 8.3% | |||
110,965 | Accenture PLC Class A | 38,461,579 | |
22,818 | Intuit, Inc. | 14,831,700 | |
145,018 | Microsoft Corp. | 61,011,973 | |
114,305,252 | |||
Transportation - 6.3% | |||
257,806 | Canadian National Railway Co. | 33,948,438 | |
127,268 | Union Pacific Corp. | 31,299,019 | |
147,395 | United Parcel Service, Inc. Class B | 21,907,319 | |
87,154,776 | |||
Total Common Stocks (cost $661,088,723) | $ 1,330,340,474 | ||
SHORT-TERM INVESTMENTS - 0.7% | |||
Repurchase Agreements - 0.7% | |||
$ 9,393,716 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $9,399,269; collateralized by U.S. Treasury Note at 2.63%-3.75%, maturing 05/31/2027-12/31/2030, with a market value of $9,581,621 | $ 9,393,716 | |
Total Short-Term Investments (cost $9,393,716) | $ 9,393,716 | ||
Total Investments (cost $670,482,439) | 97.3% | $ 1,339,734,190 | |
Other Assets and Liabilities | 2.7% | 37,033,929 | |
Total Net Assets | 100.0% | $ 1,376,768,119 |
Note: | Percentage of investments as shown is the ratio of the total market value to total net assets. |
Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service approved by Hartford Funds Management Company, LLC in order to reflect an adjustment for factors occurring after the close of certain foreign markets but before the close of the New York Stock Exchange. | |
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. |
33 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Common Stocks | ||||||||
Banks | $ 14,383,370 | $ 14,383,370 | $ — | $ — | ||||
Capital Goods | 155,080,853 | 155,080,853 | — | — | ||||
Commercial & Professional Services | 28,396,437 | 28,396,437 | — | — | ||||
Consumer Discretionary Distribution & Retail | 67,508,685 | 67,508,685 | — | — | ||||
Consumer Durables & Apparel | 30,703,172 | 30,703,172 | — | — | ||||
Consumer Services | 35,236,137 | 35,236,137 | — | — | ||||
Consumer Staples Distribution & Retail | 25,735,094 | 25,735,094 | — | — | ||||
Equity Real Estate Investment Trusts (REITs) | 40,562,883 | 40,562,883 | — | — | ||||
Financial Services | 123,857,014 | 123,857,014 | — | — | ||||
Food, Beverage & Tobacco | 97,243,376 | 63,959,591 | 33,283,785 | — | ||||
Health Care Equipment & Services | 152,083,186 | 152,083,186 | — | — | ||||
Household & Personal Products | 77,746,026 | 77,746,026 | — | — | ||||
Insurance | 68,476,153 | 68,476,153 | — | — | ||||
Materials | 75,346,477 | 75,346,477 | — | — | ||||
Pharmaceuticals, Biotechnology & Life Sciences | 102,711,603 | 102,711,603 | — | — | ||||
Semiconductors & Semiconductor Equipment | 33,809,980 | 33,809,980 | — | — | ||||
Software & Services | 114,305,252 | 114,305,252 | — | — | ||||
Transportation | 87,154,776 | 87,154,776 | — | — | ||||
Short-Term Investments | 9,393,716 | — | 9,393,716 | — | ||||
Total | $ 1,339,734,190 | $ 1,297,056,689 | $ 42,677,501 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
34 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% | |||
Asset-Backed - Automobile - 2.5% | |||
$ 1,315,000 | American Credit Acceptance Receivables Trust 6.09%, 11/12/2027(1) | $ 1,318,461 | |
1,931,829 | AmeriCredit Automobile Receivables Trust 2.58%, 09/18/2025 | 1,928,719 | |
2,542,845 | ARI Fleet Lease Trust 5.41%, 02/17/2032(1) | 2,536,822 | |
Avis Budget Rental Car Funding AESOP LLC | |||
1,220,000 | 5.36%, 06/20/2030(1) | 1,226,780 | |
645,000 | 5.58%, 12/20/2030(1) | 643,757 | |
1,510,000 | 5.90%, 08/21/2028(1) | 1,537,684 | |
3,315,413 | Carvana Auto Receivables Trust 4.13%, 04/12/2027 | 3,270,868 | |
2,102,735 | Chesapeake Funding II LLC 5.65%, 05/15/2035(1) | 2,105,047 | |
2,276,020 | CPS Auto Receivables Trust 5.91%, 08/16/2027(1) | 2,277,253 | |
1,470,000 | Credit Acceptance Auto Loan Trust 5.68%, 03/15/2034(1) | 1,475,788 | |
DT Auto Owner Trust | |||
1,030,000 | 5.19%, 10/16/2028(1) | 1,023,585 | |
1,135,000 | 5.41%, 02/15/2029(1) | 1,128,868 | |
Enterprise Fleet Financing LLC | |||
630,000 | 5.16%, 09/20/2030(1) | 628,642 | |
1,580,000 | 5.42%, 10/22/2029(1) | 1,585,932 | |
Exeter Automobile Receivables Trust | |||
764,060 | 2.58%, 09/15/2025(1) | 759,808 | |
380,213 | 2.73%, 12/15/2025(1) | 376,642 | |
1,118,553 | 4.57%, 01/15/2027 | 1,115,095 | |
649,000 | 6.03%, 08/16/2027 | 649,393 | |
Flagship Credit Auto Trust | |||
2,031,000 | 4.69%, 07/17/2028(1) | 1,999,422 | |
570,000 | 5.05%, 01/18/2028(1) | 564,206 | |
365,000 | GLS Auto Receivables Issuer Trust 4.92%, 01/15/2027(1) | 362,482 | |
3,980,000 | Hertz Vehicle Financing III LLC 5.94%, 02/25/2028(1) | 4,040,288 | |
1,253,849 | Prestige Auto Receivables Trust 1.62%, 11/16/2026(1) | 1,243,062 | |
Santander Drive Auto Receivables Trust | |||
1,210,000 | 4.98%, 02/15/2028 | 1,201,698 | |
2,000,000 | 5.61%, 07/17/2028 | 2,004,916 | |
985,000 | SFS Auto Receivables Securitization Trust 5.71%, 01/22/2030(1) | 995,454 | |
392,103 | Tricolor Auto Securitization Trust 6.48%, 08/17/2026(1) | 392,176 | |
Westlake Automobile Receivables Trust | |||
1,302,242 | 1.65%, 02/17/2026(1) | 1,288,868 | |
2,285,000 | 4.31%, 09/15/2027(1) | 2,264,993 | |
655,000 | 5.41%, 01/18/2028(1) | 653,308 | |
1,090,000 | World Omni Auto Receivables Trust 5.03%, 05/15/2029 | 1,083,670 | |
43,683,687 | |||
Asset-Backed - Home Equity - 0.2% | |||
GSAA Home Equity Trust | |||
4,254,679 | 5.60%, 02/25/2037, 1 mo. USD Term SOFR + 0.27%(2) | 1,183,929 | |
1,890,945 | 5.80%, 11/25/2036, 1 mo. USD Term SOFR + 0.47%(2) | 443,712 | |
484,892 | 5.98%, 06/25/2036(3) | 123,545 | |
1,171,771 | Morgan Stanley Mortgage Loan Trust 5.78%, 11/25/2036, 1 mo. USD Term SOFR + 0.45%(2) | 331,152 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Asset-Backed - Home Equity - 0.2% - (continued) | |||
Soundview Home Loan Trust | |||
$ 1,531,972 | 5.62%, 07/25/2037, 1 mo. USD Term SOFR + 0.29%(2) | $ 1,345,715 | |
318,162 | 5.94%, 11/25/2036, 1 mo. USD Term SOFR + 0.61%(2) | 299,646 | |
3,727,699 | |||
Asset-Backed - Student Loan - 0.2% | |||
Navient Private Education Refi Loan Trust | |||
1,749,702 | 1.11%, 02/18/2070(1) | 1,494,637 | |
2,210,226 | 5.51%, 10/15/2071(1) | 2,220,136 | |
3,714,773 | |||
Commercial Mortgage-Backed Securities - 3.6% | |||
BBCMS Mortgage Trust | |||
23,918,514 | 1.45%, 02/15/2050(3)(4) | 790,562 | |
7,957,529 | 1.63%, 02/15/2057(3)(4) | 871,984 | |
925,000 | 3.66%, 04/15/2055(3) | 835,227 | |
1,000,000 | 4.60%, 06/15/2055(3) | 971,077 | |
1,490,000 | 5.42%, 02/15/2057 | 1,534,023 | |
1,300,000 | 5.44%, 12/15/2055(3) | 1,338,224 | |
425,000 | 5.71%, 12/15/2055(3) | 444,910 | |
Benchmark Mortgage Trust | |||
17,901,537 | 0.46%, 07/15/2051(3)(4) | 252,643 | |
8,200,617 | 0.52%, 01/15/2051(3)(4) | 126,694 | |
8,565,895 | 1.02%, 08/15/2052(3)(4) | 284,405 | |
21,582,644 | 1.19%, 03/15/2062(3)(4) | 1,076,553 | |
10,349,318 | 1.51%, 01/15/2054(3)(4) | 797,884 | |
2,677,647 | 1.78%, 07/15/2053(3)(4) | 167,139 | |
1,535,000 | 6.05%, 12/15/2056 | 1,648,184 | |
2,335,000 | BPR Trust 8.56%, 08/15/2039, 1 mo. USD Term SOFR + 3.23%(1)(2) | 2,340,755 | |
BX Trust | |||
4,321,459 | 7.78%, 08/15/2039, 1 mo. USD Term SOFR + 2.45%(1)(2) | 4,348,442 | |
328,000 | 8.29%, 03/15/2026, 1 mo. USD Term SOFR + 3.04%(1)(2) | 327,795 | |
2,920,000 | CAMB Commercial Mortgage Trust 8.17%, 12/15/2037, 1 mo. USD Term SOFR + 2.85%(1)(2) | 2,898,100 | |
3,344,985 | CD Mortgage Trust 2.46%, 08/10/2049 | 3,116,834 | |
Citigroup Commercial Mortgage Trust | |||
13,969,586 | 0.88%, 07/10/2047(3)(4) | 3,893 | |
19,740,316 | 1.01%, 04/10/2048(3)(4) | 136,072 | |
2,357,000 | 4.06%, 11/15/2049(3) | 1,920,291 | |
Commercial Mortgage Trust | |||
841,000 | 2.82%, 01/10/2039(1) | 759,585 | |
55,051 | 2.85%, 10/15/2045 | 50,518 | |
860,000 | 3.90%, 01/10/2039(1)(3) | 742,343 | |
9,659 | Credit Suisse First Boston Mortgage Securities Corp. 4.88%, 04/15/2037 | 9,538 | |
CSAIL Commercial Mortgage Trust | |||
51,623,287 | 0.71%, 06/15/2057(3)(4) | 205,554 | |
2,161,204 | 0.89%, 11/15/2048(3)(4) | 24,115 | |
6,860,296 | 1.86%, 01/15/2049(3)(4) | 184,769 | |
4,232,592 | DBJPM Mortgage Trust 1.70%, 09/15/2053(3)(4) | 228,635 | |
DC Trust | |||
760,000 | 5.73%, 04/13/2028(1)(3) | 762,867 | |
380,000 | 7.04%, 04/13/2028(1)(3) | 380,870 | |
2,360,000 | GS Mortgage Securities Corp. II 5.51%, 03/10/2041(1)(3) | 2,340,454 | |
4,340,000 | GS Mortgage Securities Corp. Trust 2.95%, 11/05/2034(1) | 3,220,382 | |
GS Mortgage Securities Trust | |||
2,629,451 | 0.37%, 07/10/2046(3)(4) | 26 | |
687,840 | 1.70%, 08/10/2044(1)(3)(4) | 5 | |
2,215,000 | 4.95%, 04/10/2047(1)(3) | 1,731,416 |
35 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Commercial Mortgage-Backed Securities - 3.6% - (continued) | |||
JP Morgan Chase Commercial Mortgage Securities Trust | |||
$ 1,367,343 | 2.73%, 10/15/2045(1)(3) | $ 1,198,480 | |
1,400,000 | 2.81%, 01/16/2037(1) | 1,191,295 | |
1,290,924 | 3.77%, 12/15/2047(1)(3) | 788,657 | |
JPMBB Commercial Mortgage Securities Trust | |||
3,524,082 | 0.54%, 05/15/2048(3)(4) | 14,924 | |
15,481,680 | 0.57%, 09/15/2047(3)(4) | 13,844 | |
Morgan Stanley Bank of America Merrill Lynch Trust | |||
8,402,069 | 0.95%, 12/15/2047(3)(4) | 12,996 | |
1,243,872 | 0.96%, 10/15/2048(3)(4) | 8,711 | |
Morgan Stanley Capital I Trust | |||
6,722,830 | 1.30%, 06/15/2050(3)(4) | 170,993 | |
1,460,000 | 4.94%, 07/15/2049(1)(3) | 1,256,332 | |
82,680 | 5.25%, 10/12/2052(1)(3) | 30,607 | |
1,890,000 | NJ Trust 6.48%, 01/06/2029(1)(3) | 1,954,889 | |
790,000 | SFAVE Commercial Mortgage Securities Trust 3.87%, 01/05/2043(1)(3) | 610,026 | |
5,410,000 | SG Commercial Mortgage Securities Trust 2.63%, 03/15/2037(1) | 4,943,756 | |
3,530,000 | TYSN Mortgage Trust 6.58%, 12/10/2033(1)(3) | 3,691,046 | |
3,252,402 | UBS Commercial Mortgage Trust 1.07%, 08/15/2050(3)(4) | 90,752 | |
Wells Fargo Commercial Mortgage Trust | |||
24,467,669 | 0.87%, 09/15/2057(3)(4) | 241,672 | |
13,393,679 | 1.06%, 05/15/2048(3)(4) | 71,473 | |
3,085,000 | 2.94%, 10/15/2049 | 2,906,388 | |
430,000 | 4.14%, 05/15/2048(3) | 369,527 | |
Wells Fargo NA | |||
19,806,019 | 0.59%, 11/15/2062(3)(4) | 545,220 | |
9,634,489 | 0.63%, 11/15/2062(3)(4) | 299,106 | |
32,483,076 | 0.71%, 11/15/2050(3)(4) | 677,048 | |
3,667,938 | 0.76%, 11/15/2054(3)(4) | 81,247 | |
17,730,833 | 0.81%, 09/15/2062(3)(4) | 629,304 | |
12,550,506 | 0.88%, 05/15/2062(3)(4) | 454,598 | |
33,760,291 | 0.88%, 01/15/2063(3)(4) | 1,322,441 | |
5,555,104 | 0.99%, 02/15/2056(3)(4) | 348,311 | |
20,533,115 | 1.76%, 03/15/2063(3)(4) | 1,796,450 | |
710,000 | WFRBS Commercial Mortgage Trust 5.00%, 06/15/2044(1)(3) | 433,316 | |
63,026,177 | |||
Other Asset-Backed Securities - 6.9% | |||
2,139,739 | 510 Asset-Backed Trust 2.12%, 06/25/2061(1)(5) | 2,077,685 | |
402,415 | AASET Trust 3.35%, 01/16/2040(1) | 359,520 | |
1,535,000 | Affirm Asset Securitization Trust 6.61%, 01/18/2028(1) | 1,544,479 | |
2,220,000 | Aligned Data Centers Issuer LLC 6.00%, 08/17/2048(1) | 2,220,625 | |
59,284 | Avant Loans Funding Trust 1.21%, 07/15/2030(1) | 59,207 | |
3,285,000 | Battalion CLO 18 Ltd. 7.47%, 03/13/2037, 3 mo. USD Term SOFR + 2.20%(1)(2) | 3,278,926 | |
2,590,000 | Benefit Street Partners CLO XXXI Ltd. 7.67%, 04/25/2036, 3 mo. USD Term SOFR + 2.35%(1)(2) | 2,603,590 | |
CF Hippolyta Issuer LLC | |||
381,691 | 1.53%, 03/15/2061(1) | 344,132 | |
905,504 | 1.69%, 07/15/2060(1) | 846,612 | |
1,022,869 | 1.99%, 07/15/2060(1) | 879,596 | |
579,438 | 5.97%, 08/15/2062(1) | 565,062 | |
4,175,000 | Cirrus Funding Ltd. 4.80%, 01/25/2037(1) | 4,086,640 | |
690,000 | CNH Equipment Trust 4.77%, 10/15/2030 | 683,875 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Other Asset-Backed Securities - 6.9% - (continued) | |||
$ 4,485,000 | Columbia Cent CLO 27 Ltd. 6.78%, 01/25/2035, 3 mo. USD Term SOFR + 1.45%(1)(2) | $ 4,466,997 | |
1,150,000 | DLLAA LLC 5.64%, 02/22/2028(1) | 1,161,695 | |
Domino's Pizza Master Issuer LLC | |||
2,256,200 | 2.66%, 04/25/2051(1) | 2,007,846 | |
1,392,000 | 3.67%, 10/25/2049(1) | 1,281,080 | |
3,103,063 | 4.12%, 07/25/2048(1) | 3,018,922 | |
3,085,000 | Elmwood CLO 19 Ltd. 7.72%, 10/17/2036, 3 mo. USD Term SOFR + 2.40%(1)(2) | 3,113,706 | |
2,155,000 | Elmwood CLO 23 Ltd. 7.56%, 04/16/2036, 3 mo. USD Term SOFR + 2.25%(1)(2) | 2,166,984 | |
745,596 | Fieldstone Mortgage Investment Trust 5.98%, 05/25/2036, 1 mo. USD Term SOFR + 0.65%(2) | 525,847 | |
3,267,261 | First Franklin Mortgage Loan Trust 5.92%, 04/25/2036, 1 mo. USD Term SOFR + 0.59%(2) | 2,950,367 | |
4,840,307 | FirstKey Homes Trust 4.25%, 07/17/2039(1) | 4,683,867 | |
1,830,000 | Golub Capital Partners CLO 68B Ltd. 8.12%, 07/25/2036, 3 mo. USD Term SOFR + 2.80%(1)(2) | 1,848,496 | |
2,319,289 | GSAMP Trust 5.53%, 01/25/2037, 1 mo. USD Term SOFR + 0.20%(2) | 1,364,010 | |
1,390,000 | Invesco U.S. CLO Ltd. 7.62%, 04/21/2036, 3 mo. USD Term SOFR + 2.30%(1)(2) | 1,393,631 | |
1,725,000 | Madison Park Funding LXVII Ltd. 6.83%, 04/25/2037, 3 mo. USD Term SOFR + 1.51%(1)(2) | 1,726,185 | |
1,663,242 | MFA LLC 5.36%, 03/25/2060(1)(5) | 1,635,561 | |
54,246 | Morgan Stanley ABS Capital I, Inc. Trust 5.74%, 06/25/2036, 1 mo. USD Term SOFR + 0.41%(2) | 45,263 | |
3,150,000 | New Economy Assets Phase 1 Sponsor LLC 1.91%, 10/20/2061(1) | 2,759,478 | |
308,388 | NRZ Excess Spread-Collateralized Notes 3.84%, 12/25/2025(1) | 295,618 | |
3,005,000 | Octagon 61 Ltd. 7.67%, 04/20/2036, 3 mo. USD Term SOFR + 2.35%(1)(2) | 3,017,762 | |
PRET LLC | |||
1,526,365 | 1.87%, 07/25/2051(1)(5) | 1,459,104 | |
953,261 | 2.49%, 07/25/2051(1)(5) | 933,559 | |
Pretium Mortgage Credit Partners LLC | |||
2,802,492 | 1.99%, 02/25/2061(1)(5) | 2,725,200 | |
3,153,301 | 2.98%, 01/25/2052(1)(5) | 3,066,270 | |
Progress Residential Trust | |||
3,295,138 | 1.51%, 10/17/2038(1) | 2,996,228 | |
1,116,866 | 3.20%, 04/17/2039(1) | 1,051,744 | |
1,796,018 | 4.30%, 03/17/2040(1) | 1,739,522 | |
875,072 | 4.45%, 06/17/2039(1) | 853,322 | |
1,395,187 | 4.75%, 10/27/2039(1) | 1,372,034 | |
3,315,000 | Retained Vantage Data Centers Issuer LLC 5.00%, 09/15/2048(1) | 3,204,309 | |
4,490,000 | RR 23 Ltd. 7.96%, 10/15/2035, 3 mo. USD Term SOFR + 2.65%(1)(2) | 4,524,726 | |
374,473 | Sapphire Aviation Finance II Ltd. 3.23%, 03/15/2040(1) | 340,781 | |
339,457 | Securitized Asset-Backed Receivables LLC Trust 5.62%, 07/25/2036, 1 mo. USD Term SOFR + 0.29%(2) | 117,370 | |
5,775,000 | Sound Point CLO XXIX Ltd. 6.66%, 04/25/2034, 3 mo. USD Term SOFR + 1.33%(1)(2) | 5,735,124 | |
Stack Infrastructure Issuer LLC | |||
1,880,000 | 5.90%, 07/25/2048(1) | 1,854,092 |
36 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Other Asset-Backed Securities - 6.9% - (continued) | |||
$ 1,010,000 | 5.90%, 03/25/2049(1) | $ 1,012,924 | |
1,435,000 | Summit Issuer LLC 2.29%, 12/20/2050(1) | 1,337,986 | |
6,615,000 | Symphony CLO XXV Ltd. 6.55%, 04/19/2034, 3 mo. USD Term SOFR + 1.24%(1)(2) | 6,577,751 | |
2,580,000 | Texas Debt Capital CLO Ltd. 7.62%, 04/20/2036, 3 mo. USD Term SOFR + 2.30%(1)(2) | 2,588,341 | |
3,148,861 | Tricon Residential Trust 4.85%, 07/17/2040(1) | 3,104,916 | |
VCAT LLC | |||
1,492,523 | 1.74%, 05/25/2051(1)(5) | 1,441,343 | |
408,299 | 5.12%, 03/27/2051(1)(5) | 404,157 | |
5,775,000 | Venture 42 CLO Ltd. 6.71%, 04/15/2034, 3 mo. USD Term SOFR + 1.39%(1)(2) | 5,733,974 | |
1,496,929 | VOLT XCIV LLC 5.24%, 02/27/2051(1)(5) | 1,463,010 | |
4,553,127 | Wellfleet CLO X Ltd. 6.75%, 07/20/2032, 3 mo. USD Term SOFR + 1.43%(1)(2) | 4,549,957 | |
1,949,873 | Wendy's Funding LLC 3.88%, 03/15/2048(1) | 1,840,860 | |
1,359,300 | Wingstop Funding LLC 2.84%, 12/05/2050(1) | 1,234,214 | |
122,276,082 | |||
Whole Loan Collateral CMO - 7.2% | |||
Angel Oak Mortgage Trust | |||
1,217,317 | 0.91%, 01/25/2066(1)(3) | 1,007,701 | |
763,918 | 0.99%, 04/25/2053(1)(3) | 699,202 | |
1,099,147 | 0.99%, 04/25/2066(1)(3) | 900,619 | |
1,836,185 | 1.82%, 11/25/2066(1)(3) | 1,579,926 | |
1,219,594 | Arroyo Mortgage Trust 3.35%, 04/25/2049(1)(3) | 1,142,297 | |
Banc of America Funding Trust | |||
1,934,234 | 5.77%, 05/25/2037(3) | 1,639,063 | |
531,085 | 6.04%, 05/20/2047, 1 mo. USD Term SOFR + 0.71%(2) | 478,656 | |
77,186 | 6.35%, 01/25/2037(5) | 68,262 | |
449,682 | BCAP LLC Trust 5.80%, 03/25/2037, 1 mo. USD Term SOFR + 0.47%(2) | 381,536 | |
407,961 | Bear Stearns ALT-A Trust 5.94%, 01/25/2036, 1 mo. USD Term SOFR + 0.61%(2) | 368,600 | |
100,870 | Bear Stearns ARM Trust 7.67%, 10/25/2035, 1 yr. USD CMT + 2.30%(2) | 93,545 | |
163,719 | Bear Stearns Mortgage Funding Trust 5.80%, 10/25/2036, 1 mo. USD Term SOFR + 0.47%(2) | 135,549 | |
BRAVO Residential Funding Trust | |||
691,657 | 0.94%, 02/25/2049(1)(3) | 605,957 | |
538,408 | 0.97%, 03/25/2060(1)(3) | 501,767 | |
CHL Mortgage Pass-Through Trust | |||
219,565 | 4.33%, 11/20/2035(3) | 194,806 | |
912,031 | 4.43%, 09/25/2047(3) | 786,441 | |
COLT Mortgage Loan Trust | |||
1,855,068 | 0.91%, 06/25/2066(1)(3) | 1,513,934 | |
4,221,890 | 1.11%, 10/25/2066(1)(3) | 3,493,793 | |
3,644,160 | 4.55%, 04/25/2067(1)(3) | 3,644,024 | |
Countrywide Alternative Loan Trust | |||
586,420 | 5.75%, 05/25/2036 | 222,553 | |
107,213 | 5.98%, 01/25/2036, 1 mo. USD Term SOFR + 0.65%(2) | 93,276 | |
575,432 | 6.08%, 11/25/2035, 1 mo. USD Term SOFR + 0.75%(2) | 461,087 | |
950,829 | CSFB Mortgage-Backed Pass-Through Certificates 5.50%, 06/25/2035 | 693,781 | |
CSMC Trust | |||
1,630,968 | 0.94%, 05/25/2066(1)(3) | 1,309,204 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Whole Loan Collateral CMO - 7.2% - (continued) | |||
$ 1,150,523 | 1.80%, 12/27/2060(1)(3) | $ 1,107,367 | |
2,040,421 | 1.84%, 10/25/2066(1)(3) | 1,757,713 | |
4,751,217 | 2.27%, 11/25/2066(1)(3) | 4,147,073 | |
1,296,699 | 3.25%, 04/25/2047(1)(3) | 1,168,510 | |
706,928 | Deephaven Residential Mortgage Trust 0.90%, 04/25/2066(1)(3) | 608,283 | |
Ellington Financial Mortgage Trust | |||
748,494 | 0.93%, 06/25/2066(1)(3) | 601,368 | |
2,164,581 | 2.21%, 01/25/2067(1)(3) | 1,842,225 | |
Federal National Mortgage Association Connecticut Avenue Securities | |||
726,000 | 7.12%, 02/25/2044, 30 day USD SOFR Average + 1.80%(1)(2) | 728,496 | |
329,274 | 7.58%, 11/25/2039, 30 day USD SOFR Average + 2.26%(1)(2) | 331,693 | |
615,000 | 7.82%, 02/25/2044, 30 day USD SOFR Average + 2.50%(1)(2) | 618,844 | |
567,180 | 7.87%, 07/25/2042, 30 day USD SOFR Average + 2.55%(1)(2) | 582,157 | |
1,305,000 | 8.02%, 07/25/2043, 30 day USD SOFR Average + 2.70%(1)(2) | 1,350,485 | |
654,800 | 8.42%, 10/25/2041, 30 day USD SOFR Average + 3.10%(1)(2) | 673,604 | |
1,244,000 | 8.42%, 06/25/2043, 30 day USD SOFR Average + 3.10%(1)(2) | 1,306,335 | |
1,547,000 | 8.47%, 12/25/2041, 30 day USD SOFR Average + 3.15%(1)(2) | 1,589,303 | |
683,028 | 8.98%, 07/25/2029, 30 day USD SOFR Average + 3.66%(2) | 707,788 | |
1,180,762 | 9.78%, 05/25/2029, 30 day USD SOFR Average + 4.46%(2) | 1,242,466 | |
3,155,000 | 9.82%, 01/25/2042, 30 day USD SOFR Average + 4.50%(1)(2) | 3,315,816 | |
GCAT Trust | |||
1,493,034 | 1.04%, 05/25/2066(1)(3) | 1,219,086 | |
1,354,308 | 1.92%, 08/25/2066(1)(3) | 1,178,059 | |
16,262 | GMACM Mortgage Loan Trust 3.64%, 04/19/2036(3) | 12,647 | |
GSR Mortgage Loan Trust | |||
659,378 | 4.71%, 01/25/2036(3) | 593,688 | |
770,179 | 5.74%, 01/25/2037, 1 mo. USD Term SOFR + 0.41%(2) | 176,927 | |
HarborView Mortgage Loan Trust | |||
517,797 | 5.82%, 01/19/2038, 1 mo. USD Term SOFR + 0.49%(2) | 448,492 | |
1,848,682 | 5.92%, 12/19/2036, 1 mo. USD Term SOFR + 0.59%(2) | 1,729,483 | |
4,570,800 | Imperial Fund Mortgage Trust 3.64%, 03/25/2067(1)(5) | 4,236,770 | |
623,435 | IndyMac INDX Mortgage Loan Trust 3.92%, 03/25/2036(3) | 441,971 | |
103,079 | JP Morgan Mortgage Trust 5.31%, 04/25/2037(3) | 74,656 | |
Legacy Mortgage Asset Trust | |||
1,111,886 | 1.75%, 04/25/2061(1)(5) | 1,078,233 | |
1,474,195 | 1.75%, 07/25/2061(1)(5) | 1,413,294 | |
534,423 | Lehman XS Trust 5.86%, 07/25/2046, 1 mo. USD Term SOFR + 0.53%(2) | 479,187 | |
142,396 | MASTR Adjustable Rate Mortgages Trust 5.37%, 11/21/2034(3) | 132,715 | |
MFA Trust | |||
195,131 | 1.01%, 01/26/2065(1)(3) | 178,269 | |
1,114,723 | 1.03%, 11/25/2064(1)(3) | 958,622 | |
799,230 | 1.15%, 04/25/2065(1)(3) | 713,270 | |
New Residential Mortgage Loan Trust | |||
627,369 | 0.94%, 10/25/2058(1)(3) | 578,548 |
37 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.6% - (continued) | |||
Whole Loan Collateral CMO - 7.2% - (continued) | |||
$ 311,960 | 2.49%, 09/25/2059(1)(3) | $ 287,333 | |
1,112,256 | 3.50%, 08/25/2059(1)(3) | 1,030,443 | |
1,292,133 | 3.75%, 11/26/2035(1)(3) | 1,208,641 | |
1,307,981 | 3.75%, 11/25/2056(1)(3) | 1,214,369 | |
1,240,999 | 4.00%, 05/25/2057(1)(3) | 1,171,533 | |
899,958 | 4.00%, 12/25/2057(1)(3) | 851,972 | |
1,313,107 | 6.19%, 01/25/2048, 1 mo. USD Term SOFR + 0.86%(1)(2) | 1,272,570 | |
1,112,895 | 6.94%, 06/25/2057, 1 mo. USD Term SOFR + 1.61%(1)(2) | 1,112,982 | |
3,219,208 | NMLT Trust 1.19%, 05/25/2056(1)(3) | 2,641,244 | |
OBX Trust | |||
2,593,006 | 1.05%, 07/25/2061(1)(3) | 2,012,846 | |
2,443,823 | 1.10%, 05/25/2061(1)(3) | 1,943,962 | |
3,842,870 | 2.31%, 11/25/2061(1)(3) | 3,297,657 | |
PRPM LLC | |||
1,988,401 | 1.79%, 06/25/2026(1)(5) | 1,940,127 | |
1,646,790 | 1.79%, 07/25/2026(1)(5) | 1,585,439 | |
3,196,224 | 1.87%, 04/25/2026(1)(5) | 3,099,232 | |
1,508,593 | 2.49%, 10/25/2026(1)(5) | 1,469,554 | |
545,126 | 5.36%, 11/25/2025(1)(5) | 543,455 | |
3,321,877 | 5.61%, 10/25/2025(1)(5) | 3,314,379 | |
545,306 | RBSGC Mortgage Loan Trust 6.25%, 01/25/2037 | 497,774 | |
354,711 | Residential Accredit Loans, Inc. Trust 6.00%, 12/25/2035 | 305,825 | |
Seasoned Credit Risk Transfer Trust | |||
1,957,052 | 2.50%, 08/25/2059 | 1,600,574 | |
1,741,189 | 3.50%, 11/25/2057 | 1,581,371 | |
3,302,299 | 3.50%, 03/25/2058 | 2,923,161 | |
4,672,385 | 3.50%, 07/25/2058 | 4,195,669 | |
928,434 | 3.50%, 08/25/2058 | 828,327 | |
3,548,645 | 3.50%, 10/25/2058 | 3,152,842 | |
Starwood Mortgage Residential Trust | |||
541,495 | 0.94%, 05/25/2065(1)(3) | 494,817 | |
2,976,129 | 1.92%, 11/25/2066(1)(3) | 2,487,124 | |
1,289,837 | Toorak Mortgage Corp. Ltd. 3.24%, 06/25/2024(1)(5) | 1,276,200 | |
5,047,374 | Towd Point Mortgage Trust 2.92%, 11/30/2060(1)(3) | 4,170,469 | |
Verus Securitization Trust | |||
969,138 | 0.92%, 02/25/2064(1)(3) | 857,258 | |
1,372,048 | 0.94%, 07/25/2066(1)(3) | 1,168,195 | |
834,883 | 1.03%, 02/25/2066(1)(3) | 720,258 | |
2,057,577 | 1.82%, 11/25/2066(1)(3) | 1,761,485 | |
4,712,950 | 1.83%, 10/25/2066(1)(3) | 4,080,291 | |
665,372 | 4.13%, 02/25/2067(1)(5) | 623,209 | |
WaMu Mortgage Pass-Through Certificates Trust | |||
573,278 | 3.81%, 06/25/2037(3) | 482,748 | |
1,284,009 | 4.40%, 12/25/2046, 1 yr. USD MTA + 0.82%(2) | 1,029,182 | |
248,785 | 6.28%, 06/25/2044, 1 mo. USD Term SOFR + 0.95%(2) | 227,049 | |
125,800,588 | |||
Total Asset & Commercial Mortgage-Backed Securities (cost $387,204,773) | $ 362,229,006 | ||
CORPORATE BONDS - 30.0% | |||
Advertising - 0.1% | |||
2,335,000 | Lamar Media Corp. 3.63%, 01/15/2031 | $ 2,054,380 | |
Aerospace/Defense - 0.4% | |||
1,035,000 | BAE Systems PLC 5.13%, 03/26/2029(1) | 1,038,745 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Aerospace/Defense - 0.4% - (continued) | |||
Boeing Co. | |||
$ 259,000 | 5.04%, 05/01/2027 | $ 254,162 | |
1,215,000 | 5.15%, 05/01/2030 | 1,176,989 | |
170,000 | 5.81%, 05/01/2050 | 161,446 | |
1,400,000 | 5.93%, 05/01/2060 | 1,313,762 | |
L3Harris Technologies, Inc. | |||
1,050,000 | 5.05%, 06/01/2029 | 1,046,486 | |
1,230,000 | 5.35%, 06/01/2034 | 1,229,604 | |
845,000 | Northrop Grumman Corp. 5.15%, 05/01/2040 | 828,583 | |
7,049,777 | |||
Agriculture - 0.4% | |||
BAT Capital Corp. | |||
1,570,000 | 5.83%, 02/20/2031 | 1,590,219 | |
605,000 | 6.00%, 02/20/2034 | 612,755 | |
Philip Morris International, Inc. | |||
2,180,000 | 5.13%, 02/15/2030 | 2,182,304 | |
730,000 | 5.13%, 02/13/2031 | 726,302 | |
1,230,000 | 5.38%, 02/15/2033 | 1,240,329 | |
215,000 | 5.63%, 11/17/2029 | 221,550 | |
1,190,000 | 5.63%, 09/07/2033 | 1,218,438 | |
7,791,897 | |||
Apparel - 0.3% | |||
550,000 | Hanesbrands, Inc. 4.88%, 05/15/2026(1) | 535,713 | |
Tapestry, Inc. | |||
355,000 | 7.05%, 11/27/2025 | 362,423 | |
940,000 | 7.35%, 11/27/2028 | 990,997 | |
244,000 | 7.70%, 11/27/2030 | 260,010 | |
3,550,000 | William Carter Co. 5.63%, 03/15/2027(1) | 3,526,551 | |
5,675,694 | |||
Beverages - 0.0% | |||
Bacardi Ltd./Bacardi-Martini BV | |||
150,000 | 5.25%, 01/15/2029(1) | 148,591 | |
355,000 | 5.40%, 06/15/2033(1) | 352,156 | |
500,747 | |||
Biotechnology - 0.3% | |||
Amgen, Inc. | |||
255,000 | 5.25%, 03/02/2030 | 258,980 | |
2,755,000 | 5.25%, 03/02/2033 | 2,784,110 | |
Royalty Pharma PLC | |||
2,900,000 | 2.15%, 09/02/2031 | 2,338,667 | |
105,000 | 2.20%, 09/02/2030 | 87,302 | |
5,469,059 | |||
Chemicals - 0.3% | |||
Celanese U.S. Holdings LLC | |||
1,600,000 | 6.17%, 07/15/2027 | 1,630,049 | |
859,000 | 6.33%, 07/15/2029 | 890,971 | |
975,000 | 6.55%, 11/15/2030 | 1,025,757 | |
850,000 | Eastman Chemical Co. 5.63%, 02/20/2034 | 856,809 | |
4,403,586 | |||
Commercial Banks - 7.6% | |||
1,400,000 | 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) | 1,424,450 | |
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) | 200,900 | |
EUR 800,000 | 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) | 907,610 |
38 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Banks - 7.6% - (continued) | |||
EUR 1,575,000 | 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) | $ 1,799,407 | |
Banco Santander SA | |||
$ 1,600,000 | 5.54%, 03/14/2030, (5.54% fixed rate until 03/14/2029; 1 yr. USD CMT + 1.45% thereafter)(6) | 1,599,323 | |
800,000 | 6.35%, 03/14/2034 | 801,692 | |
Bank of America Corp. | |||
1,050,000 | 1.90%, 07/23/2031, (1.90% fixed rate until 07/23/2030; 6 mo. USD SOFR + 1.53% thereafter)(6) | 862,362 | |
940,000 | 1.92%, 10/24/2031, (1.92% fixed rate until 10/24/2030; 6 mo. USD SOFR + 1.37% thereafter)(6) | 766,365 | |
2,150,000 | 2.30%, 07/21/2032, (2.30% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.22% thereafter)(6) | 1,761,412 | |
1,625,000 | 2.57%, 10/20/2032, (2.57% fixed rate until 10/20/2031; 6 mo. USD SOFR + 1.21% thereafter)(6) | 1,349,647 | |
1,715,000 | 2.59%, 04/29/2031, (2.59% fixed rate until 04/29/2030; 6 mo. USD SOFR + 2.15% thereafter)(6) | 1,479,572 | |
5,370,000 | 2.69%, 04/22/2032, (2.69% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.32% thereafter)(6) | 4,554,931 | |
1,475,000 | 3.19%, 07/23/2030, (3.19% fixed rate until 07/23/2029; 3 mo. USD Term SOFR + 1.44% thereafter)(6) | 1,340,027 | |
205,000 | 3.42%, 12/20/2028, (3.42% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter)(6) | 192,199 | |
395,000 | 4.95%, 07/22/2028, (4.95% fixed rate until 07/22/2027; 6 mo. USD SOFR + 2.04% thereafter)(6) | 392,166 | |
1,600,000 | 5.20%, 04/25/2029, (5.20% fixed rate until 04/25/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) | 1,601,470 | |
795,000 | 5.47%, 01/23/2035, (5.47% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.65% thereafter)(6) | 801,307 | |
1,205,000 | 5.93%, 09/15/2027, (5.93% fixed rate until 09/15/2026; 6 mo. USD SOFR + 1.34% thereafter)(6) | 1,221,670 | |
Bank of Ireland Group PLC | |||
2,610,000 | 5.60%, 03/20/2030, (5.60% fixed rate until 03/20/2029; 6 mo. USD SOFR + 1.62% thereafter)(1)(6) | 2,606,764 | |
3,685,000 | 6.25%, 09/16/2026, (6.25% fixed rate until 09/16/2025; 1 yr. USD CMT + 2.65% thereafter)(1)(6) | 3,706,415 | |
Bank of New York Mellon Corp. | |||
620,000 | 4.98%, 03/14/2030, (4.98% fixed rate until 03/14/2029; 6 mo. USD SOFR + 1.09% thereafter)(6) | 620,563 | |
815,000 | 5.19%, 03/14/2035, (5.19% fixed rate until 03/14/2034; 6 mo. USD SOFR + 1.42% thereafter)(6) | 811,371 | |
2,090,000 | 6.32%, 10/25/2029, (6.32% fixed rate until 10/25/2028; 6 mo. USD SOFR + 1.60% thereafter)(6) | 2,206,746 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Banks - 7.6% - (continued) | |||
Barclays PLC | |||
$ 2,025,000 | 5.69%, 03/12/2030, (5.69% fixed rate until 03/12/2029; 6 mo. USD SOFR + 1.74% thereafter)(6) | $ 2,036,427 | |
905,000 | 9.63%, 12/15/2029, (9.63% fixed rate until 12/15/2029; 5 yr. USD ICE Swap + 5.78% thereafter)(6)(8) | 959,507 | |
2,170,000 | 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) | 2,272,944 | |
BPCE SA | |||
910,000 | 5.72%, 01/18/2030, (5.72% fixed rate until 01/18/2029; 1 yr. USD CMT + 1.96% thereafter)(1)(6) | 914,726 | |
3,395,000 | 6.71%, 10/19/2029, (6.71% fixed rate until 10/19/2028; 6 mo. USD SOFR + 2.27% thereafter)(1)(6) | 3,553,593 | |
3,010,000 | 7.00%, 10/19/2034, (7.00% fixed rate until 10/19/2033; 6 mo. USD SOFR + 2.59% thereafter)(1)(6) | 3,279,928 | |
420,000 | CaixaBank SA 5.67%, 03/15/2030, (5.67% fixed rate until 03/15/2029; 6 mo. USD SOFR + 1.78% thereafter)(1)(6) | 420,200 | |
2,360,000 | Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed rate until 02/13/2029; 6 mo. USD SOFR + 1.36% thereafter)(6) | 2,350,375 | |
650,000 | Citizens Financial Group, Inc. 5.84%, 01/23/2030, (5.84% fixed rate until 01/23/2029; 6 mo. USD SOFR + 2.01% thereafter)(6) | 648,760 | |
Credit Agricole SA | |||
1,825,000 | 5.13%, 03/11/2027(1) | 1,826,560 | |
1,775,000 | 6.25%, 01/10/2035, (6.25% fixed rate until 01/10/2034; 6 mo. USD SOFR + 2.67% thereafter)(1)(6) | 1,805,576 | |
745,000 | 6.32%, 10/03/2029, (6.32% fixed rate until 10/03/2028; 6 mo. USD SOFR + 1.86% thereafter)(1)(6) | 773,231 | |
Danske Bank AS | |||
655,000 | 1.62%, 09/11/2026, (1.62% fixed rate until 09/11/2025; 1 yr. USD CMT + 1.35% thereafter)(1)(6) | 616,748 | |
540,000 | 5.71%, 03/01/2030, (5.71% fixed rate until 03/01/2029; 1 yr. USD CMT + 1.40% thereafter)(1)(6) | 543,896 | |
Deutsche Bank AG | |||
495,000 | 2.31%, 11/16/2027, (2.31% fixed rate until 11/16/2026; 6 mo. USD SOFR + 1.22% thereafter)(6) | 452,347 | |
895,000 | 3.74%, 01/07/2033, (3.74% fixed rate until 10/07/2031; 6 mo. USD SOFR + 2.26% thereafter)(6) | 739,941 | |
750,000 | 6.82%, 11/20/2029, (6.82% fixed rate until 11/20/2028; 6 mo. USD SOFR + 2.51% thereafter)(6) | 784,589 | |
210,000 | Fifth Third Bancorp 5.63%, 01/29/2032, (5.63% fixed rate until 01/29/2031; 6 mo. USD SOFR + 1.84% thereafter)(6) | 210,392 | |
Goldman Sachs Group, Inc. | |||
2,260,000 | 2.38%, 07/21/2032, (2.38% fixed rate until 07/21/2031; 6 mo. USD SOFR + 1.25% thereafter)(6) | 1,854,405 |
39 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Banks - 7.6% - (continued) | |||
$ 3,020,000 | 2.62%, 04/22/2032, (2.62% fixed rate until 04/22/2031; 6 mo. USD SOFR + 1.28% thereafter)(6) | $ 2,533,939 | |
295,000 | 4.22%, 05/01/2029, (4.22% fixed rate until 05/01/2028; 3 mo. USD Term SOFR + 1.56% thereafter)(6) | 284,089 | |
HSBC Holdings PLC | |||
1,150,000 | 2.21%, 08/17/2029, (2.21% fixed rate until 08/17/2028; 6 mo. USD SOFR + 1.29% thereafter)(6) | 1,007,625 | |
1,395,000 | 4.58%, 06/19/2029, (4.58% fixed rate until 06/19/2028; 3 mo. USD Term SOFR + 1.80% thereafter)(6) | 1,354,294 | |
2,185,000 | 5.40%, 08/11/2033, (5.40% fixed rate until 08/11/2032; 6 mo. USD SOFR + 2.87% thereafter)(6) | 2,179,790 | |
1,565,000 | 5.89%, 08/14/2027, (5.89% fixed rate until 08/14/2026; 6 mo. USD SOFR + 1.57% thereafter)(6) | 1,579,505 | |
385,000 | 6.16%, 03/09/2029, (6.16% fixed rate until 03/09/2028; 6 mo. USD SOFR + 1.97% thereafter)(6) | 395,741 | |
765,000 | 7.40%, 11/13/2034, (7.40% fixed rate until 11/13/2033; 6 mo. USD SOFR + 3.02% thereafter)(6) | 837,486 | |
300,000 | Huntington Bancshares, Inc. 6.21%, 08/21/2029, (6.21% fixed rate until 08/21/2028; 6 mo. USD SOFR + 2.02% thereafter)(6) | 306,950 | |
1,220,000 | Huntington National Bank 5.65%, 01/10/2030 | 1,226,495 | |
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) | 213,456 | |
1,415,000 | 7.80%, 11/28/2053(1) | 1,608,264 | |
JP Morgan Chase & Co. | |||
1,270,000 | 2.55%, 11/08/2032, (2.55% fixed rate until 11/08/2031; 6 mo. USD SOFR + 1.18% thereafter)(6) | 1,056,715 | |
930,000 | 2.58%, 04/22/2032, (2.58% fixed rate until 04/22/2031; 3 mo. USD Term SOFR + 1.25% thereafter)(6) | 785,722 | |
645,000 | 3.51%, 01/23/2029, (3.51% fixed rate until 01/23/2028; 3 mo. USD Term SOFR + 1.21% thereafter)(6) | 610,216 | |
170,000 | 3.70%, 05/06/2030, (3.70% fixed rate until 05/06/2029; 3 mo. USD Term SOFR + 1.42% thereafter)(6) | 159,348 | |
515,000 | 3.96%, 01/29/2027, (3.96% fixed rate until 01/29/2026; 3 mo. USD Term SOFR + 1.51% thereafter)(6) | 502,821 | |
2,230,000 | 4.01%, 04/23/2029, (4.01% fixed rate until 04/23/2028; 3 mo. USD Term SOFR + 1.38% thereafter)(6) | 2,138,487 | |
390,000 | 4.85%, 07/25/2028, (4.85% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.99% thereafter)(6) | 386,609 | |
1,515,000 | 5.30%, 07/24/2029, (5.30% fixed rate until 07/24/2028; 6 mo. USD SOFR + 1.45% thereafter)(6) | 1,526,706 | |
2,675,000 | 5.34%, 01/23/2035, (5.34% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.62% thereafter)(6) | 2,687,304 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Banks - 7.6% - (continued) | |||
$ 960,000 | 6.07%, 10/22/2027, (6.07% fixed rate until 10/22/2026; 6 mo. USD SOFR + 1.33% thereafter)(6) | $ 979,715 | |
280,000 | 6.09%, 10/23/2029, (6.09% fixed rate until 10/23/2028; 6 mo. USD SOFR + 1.57% thereafter)(6) | 291,268 | |
M&T Bank Corp. | |||
2,640,000 | 5.05%, 01/27/2034, (5.05% fixed rate until 01/27/2033; 6 mo. USD SOFR + 1.85% thereafter)(6) | 2,454,681 | |
1,705,000 | 7.41%, 10/30/2029, (7.41% fixed rate until 10/30/2028; 6 mo. USD SOFR + 2.80% thereafter)(6) | 1,798,142 | |
1,580,000 | Manufacturers & Traders Trust Co. 4.70%, 01/27/2028 | 1,523,067 | |
EUR 1,700,000 | mBank SA 0.97%, 09/21/2027, (0.97% fixed rate until 09/21/2026; 3 mo. EURIBOR + 1.25% thereafter)(6)(7) | 1,643,488 | |
Morgan Stanley | |||
$ 2,420,000 | 1.79%, 02/13/2032, (1.79% fixed rate until 02/13/2031; 6 mo. USD SOFR + 1.03% thereafter)(6) | 1,934,921 | |
1,960,000 | 1.93%, 04/28/2032, (1.93% fixed rate until 04/28/2031; 6 mo. USD SOFR + 1.02% thereafter)(6) | 1,573,765 | |
860,000 | 3.59%, 07/22/2028(3) | 817,201 | |
460,000 | 3.62%, 04/01/2031, (3.62% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.12% thereafter)(6) | 421,728 | |
1,755,000 | 5.16%, 04/20/2029, (5.16% fixed rate until 04/20/2028; 6 mo. USD SOFR + 1.59% thereafter)(6) | 1,754,161 | |
455,000 | 5.45%, 07/20/2029, (5.45% fixed rate until 07/20/2028; 6 mo. USD SOFR + 1.63% thereafter)(6) | 458,958 | |
4,505,000 | 6.41%, 11/01/2029, (6.41% fixed rate until 11/01/2028; 6 mo. USD SOFR + 1.83% thereafter)(6) | 4,726,166 | |
OTP Bank Nyrt | |||
EUR 1,570,000 | 7.35%, 03/04/2026, (7.35% fixed rate until 03/04/2025; 3 mo. EURIBOR + 4.52% thereafter)(6)(7) | 1,727,721 | |
$ 815,000 | 7.50%, 05/25/2027, (7.50% fixed rate until 05/25/2026; 1 yr. USD CMT + 3.71% thereafter)(6)(7) | 837,494 | |
PNC Financial Services Group, Inc. | |||
635,000 | 5.68%, 01/22/2035, (5.68% fixed rate until 01/22/2034; 6 mo. USD SOFR + 1.90% thereafter)(6) | 641,187 | |
525,000 | 6.04%, 10/28/2033, (6.04% fixed rate until 10/28/2032; 6 mo. USD SOFR + 2.14% thereafter)(6) | 543,138 | |
4,795,000 | 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) | 4,814,974 | |
Standard Chartered PLC | |||
1,270,000 | 7.02%, 02/08/2030, (7.02% fixed rate until 02/08/2029; 1 yr. USD CMT + 2.20% thereafter)(1)(6) | 1,345,070 | |
865,000 | 7.77%, 11/16/2028, (7.77% fixed rate until 11/16/2027; 1 yr. USD CMT + 3.45% thereafter)(1)(6) | 925,825 |
40 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Banks - 7.6% - (continued) | |||
UBS Group AG | |||
$ 575,000 | 2.10%, 02/11/2032, (2.10% fixed rate until 02/11/2031; 1 yr. USD CMT + 1.00% thereafter)(1)(6) | $ 460,833 | |
865,000 | 3.09%, 05/14/2032, (3.09% fixed rate until 05/14/2031; 6 mo. USD SOFR + 1.73% thereafter)(1)(6) | 735,467 | |
640,000 | 4.19%, 04/01/2031, (4.19% fixed rate until 04/01/2030; 6 mo. USD SOFR + 3.73% thereafter)(1)(6) | 594,752 | |
480,000 | 4.75%, 05/12/2028, (4.75% fixed rate until 05/12/2027; 1 yr. USD CMT + 1.75% thereafter)(1)(6) | 470,055 | |
605,000 | 5.43%, 02/08/2030, (5.43% fixed rate until 02/08/2029; 1 yr. USD CMT + 1.52% thereafter)(1)(6) | 606,194 | |
1,895,000 | 6.25%, 09/22/2029, (6.25% fixed rate until 09/22/2028; 1 yr. USD CMT + 1.80% thereafter)(1)(6) | 1,956,163 | |
760,000 | 6.44%, 08/11/2028, (6.44% fixed rate until 08/11/2027; 6 mo. USD SOFR + 3.70% thereafter)(1)(6) | 782,673 | |
2,785,000 | 6.54%, 08/12/2033, (6.54% fixed rate until 08/12/2032; 6 mo. USD SOFR + 3.92% thereafter)(1)(6) | 2,936,282 | |
Wells Fargo & Co. | |||
605,000 | 2.57%, 02/11/2031, (2.57% fixed rate until 02/11/2030; 3 mo. USD Term SOFR + 1.26% thereafter)(6) | 521,207 | |
1,360,000 | 2.88%, 10/30/2030, (2.88% fixed rate until 10/30/2029; 3 mo. USD Term SOFR + 1.43% thereafter)(6) | 1,202,510 | |
2,855,000 | 3.35%, 03/02/2033, (3.35% fixed rate until 03/02/2032; 6 mo. USD SOFR + 1.50% thereafter)(6) | 2,474,517 | |
1,050,000 | 4.81%, 07/25/2028, (4.81% fixed rate until 07/25/2027; 6 mo. USD SOFR + 1.98% thereafter)(6) | 1,035,307 | |
1,705,000 | 4.90%, 07/25/2033, (4.90% fixed rate until 07/25/2032; 6 mo. USD SOFR + 2.10% thereafter)(6) | 1,643,778 | |
100,000 | 5.39%, 04/24/2034, (5.39% fixed rate until 04/24/2033; 6 mo. USD SOFR + 2.02% thereafter)(6) | 99,347 | |
930,000 | 5.50%, 01/23/2035, (5.50% fixed rate until 01/23/2034; 6 mo. USD SOFR + 1.78% thereafter)(6) | 933,383 | |
3,320,000 | 5.57%, 07/25/2029, (5.57% fixed rate until 07/25/2028; 6 mo. USD SOFR + 1.74% thereafter)(6) | 3,360,280 | |
765,000 | 6.49%, 10/23/2034, (6.49% fixed rate until 10/23/2033; 6 mo. USD SOFR + 2.06% thereafter)(6) | 821,003 | |
134,280,497 | |||
Commercial Services - 0.8% | |||
Ashtead Capital, Inc. | |||
3,305,000 | 4.38%, 08/15/2027(1) | 3,171,933 | |
695,000 | 5.80%, 04/15/2034(1) | 696,036 | |
275,000 | ERAC USA Finance LLC 5.00%, 02/15/2029(1) | 275,656 | |
Howard University | |||
1,000,000 | 2.70%, 10/01/2029 | 883,605 | |
1,000,000 | 2.90%, 10/01/2031 | 861,261 | |
720,000 | 3.48%, 10/01/2041 | 521,008 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Commercial Services - 0.8% - (continued) | |||
Service Corp. International | |||
$ 2,500,000 | 3.38%, 08/15/2030 | $ 2,163,788 | |
385,000 | 4.63%, 12/15/2027 | 372,151 | |
4,561,000 | 5.13%, 06/01/2029 | 4,438,504 | |
140,000 | United Rentals North America, Inc. 4.00%, 07/15/2030 | 127,396 | |
13,511,338 | |||
Construction Materials - 0.4% | |||
3,340,000 | Builders FirstSource, Inc. 5.00%, 03/01/2030(1) | 3,191,582 | |
Standard Industries, Inc. | |||
535,000 | 3.38%, 01/15/2031(1) | 449,209 | |
3,370,000 | 4.38%, 07/15/2030(1) | 3,028,535 | |
6,669,326 | |||
Distribution/Wholesale - 0.0% | |||
515,000 | LKQ Corp. 5.75%, 06/15/2028 | 524,303 | |
Diversified Financial Services - 0.4% | |||
Capital One Financial Corp. | |||
895,000 | 1.88%, 11/02/2027, (1.88% fixed rate until 11/02/2026; 6 mo. USD SOFR + 0.86% thereafter)(6) | 819,073 | |
1,465,000 | 3.27%, 03/01/2030, (3.27% fixed rate until 03/01/2029; 6 mo. USD SOFR + 1.79% thereafter)(6) | 1,319,273 | |
355,000 | 5.25%, 07/26/2030, (5.25% fixed rate until 07/26/2029; 6 mo. USD SOFR + 2.60% thereafter)(6) | 349,543 | |
1,125,000 | 6.31%, 06/08/2029, (6.31% fixed rate until 06/08/2028; 6 mo. USD SOFR + 2.64% thereafter)(6) | 1,157,527 | |
1,275,000 | 7.62%, 10/30/2031, (7.62% fixed rate until 10/30/2030; 6 mo. USD SOFR + 3.07% thereafter)(6) | 1,408,826 | |
665,000 | Discover Financial Services 7.96%, 11/02/2034, (7.96% fixed rate until 11/02/2033; 6 mo. USD SOFR + 3.37% thereafter)(6) | 753,748 | |
Macquarie Airfinance Holdings Ltd. | |||
210,000 | 6.40%, 03/26/2029(1) | 213,291 | |
185,000 | 6.50%, 03/26/2031(1) | 188,339 | |
6,209,620 | |||
Electric - 4.1% | |||
1,235,000 | Alabama Power Co. 3.45%, 10/01/2049 | 913,398 | |
2,815,000 | Ameren Corp. 5.00%, 01/15/2029 | 2,799,154 | |
Arizona Public Service Co. | |||
450,000 | 5.55%, 08/01/2033 | 455,383 | |
990,000 | 6.35%, 12/15/2032 | 1,057,569 | |
705,000 | Berkshire Hathaway Energy Co. 1.65%, 05/15/2031 | 564,898 | |
Cleco Corporate Holdings LLC | |||
1,225,000 | 3.38%, 09/15/2029 | 1,069,277 | |
75,000 | 4.97%, 05/01/2046(5) | 62,698 | |
Consolidated Edison Co. of New York, Inc. | |||
1,050,000 | 3.20%, 12/01/2051 | 719,466 | |
450,000 | 5.50%, 03/15/2034 | 465,008 | |
Dominion Energy, Inc. | |||
1,008,000 | 3.38%, 04/01/2030 | 916,428 | |
3,487,000 | 5.38%, 11/15/2032 | 3,509,989 | |
65,000 | 6.30%, 03/15/2033 | 68,540 | |
1,320,000 | Duke Energy Carolinas LLC 4.25%, 12/15/2041 | 1,137,683 | |
Duke Energy Corp. | |||
3,200,000 | 2.55%, 06/15/2031 | 2,696,107 | |
1,160,000 | 4.50%, 08/15/2032 | 1,100,676 |
41 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Electric - 4.1% - (continued) | |||
$ 1,340,000 | 4.85%, 01/05/2029 | $ 1,328,151 | |
190,000 | 5.00%, 08/15/2052 | 172,248 | |
780,000 | Duke Energy Indiana LLC 3.25%, 10/01/2049 | 547,796 | |
510,000 | Duke Energy Ohio, Inc. 5.55%, 03/15/2054 | 509,048 | |
Duke Energy Progress LLC | |||
490,000 | 4.00%, 04/01/2052 | 389,277 | |
670,000 | 4.38%, 03/30/2044 | 574,897 | |
Edison International | |||
270,000 | 4.13%, 03/15/2028 | 258,808 | |
635,000 | 5.25%, 11/15/2028 | 632,742 | |
3,125,000 | 6.95%, 11/15/2029 | 3,347,802 | |
755,000 | Emera, Inc. 6.75%, 06/15/2076 | 745,656 | |
Evergy, Inc. | |||
730,000 | 2.45%, 09/15/2024 | 718,627 | |
715,000 | 2.90%, 09/15/2029 | 638,413 | |
Eversource Energy | |||
2,255,000 | 5.13%, 05/15/2033 | 2,206,652 | |
690,000 | 5.50%, 01/01/2034 | 690,682 | |
1,265,000 | 5.95%, 02/01/2029 | 1,305,946 | |
Georgia Power Co. | |||
940,000 | 4.30%, 03/15/2042 | 820,019 | |
85,000 | 4.95%, 05/17/2033 | 83,893 | |
550,000 | 5.25%, 03/15/2034 | 555,345 | |
845,000 | Investment Energy Resources Ltd. 6.25%, 04/26/2029(1) | 816,954 | |
1,465,000 | IPALCO Enterprises, Inc. 3.70%, 09/01/2024 | 1,464,531 | |
645,000 | Monongahela Power Co. 5.85%, 02/15/2034(1) | 662,867 | |
115,000 | National Grid PLC 5.60%, 06/12/2028 | 117,124 | |
870,000 | National Rural Utilities Cooperative Finance Corp. 5.80%, 01/15/2033 | 904,399 | |
NextEra Energy Capital Holdings, Inc. | |||
1,235,000 | 1.88%, 01/15/2027 | 1,131,227 | |
1,145,000 | 2.25%, 06/01/2030 | 974,751 | |
480,000 | 4.63%, 07/15/2027 | 473,508 | |
1,555,000 | Niagara Mohawk Power Corp. 5.29%, 01/17/2034(1) | 1,531,505 | |
705,000 | Oglethorpe Power Corp. 4.50%, 04/01/2047 | 587,100 | |
755,000 | Ohio Edison Co. 5.50%, 01/15/2033(1) | 753,490 | |
1,000,000 | Oncor Electric Delivery Co. LLC 5.65%, 11/15/2033 | 1,040,690 | |
Pacific Gas & Electric Co. | |||
3,780,000 | 2.50%, 02/01/2031 | 3,147,065 | |
260,000 | 4.40%, 03/01/2032 | 239,647 | |
980,000 | 4.55%, 07/01/2030 | 931,561 | |
394,000 | 5.25%, 03/01/2052 | 352,271 | |
205,000 | 5.45%, 06/15/2027 | 205,673 | |
895,000 | 5.90%, 06/15/2032 | 910,988 | |
1,950,000 | 6.10%, 01/15/2029 | 2,008,567 | |
1,195,000 | 6.15%, 01/15/2033 | 1,232,670 | |
2,155,000 | 6.40%, 06/15/2033 | 2,271,469 | |
710,000 | Public Service Electric & Gas Co. 5.45%, 03/01/2054 | 733,714 | |
Public Service Enterprise Group, Inc. | |||
430,000 | 5.20%, 04/01/2029 | 430,160 | |
265,000 | 5.45%, 04/01/2034 | 265,784 | |
1,120,000 | 6.13%, 10/15/2033 | 1,177,690 | |
Puget Energy, Inc. | |||
885,000 | 2.38%, 06/15/2028 | 789,686 | |
2,070,000 | 3.65%, 05/15/2025 | 2,021,597 | |
130,000 | 4.10%, 06/15/2030 | 118,716 | |
130,000 | 4.22%, 03/15/2032 | 117,887 | |
1,085,000 | Sempra 5.40%, 08/01/2026 | 1,088,756 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Electric - 4.1% - (continued) | |||
Southern California Edison Co. | |||
$ 875,000 | 5.15%, 06/01/2029 | $ 879,069 | |
1,900,000 | 5.20%, 06/01/2034 | 1,881,701 | |
390,000 | 5.75%, 04/15/2054 | 396,061 | |
510,000 | 5.88%, 12/01/2053 | 526,374 | |
380,000 | 5.95%, 11/01/2032 | 398,831 | |
Southern Co. | |||
210,000 | 3.70%, 04/30/2030 | 194,836 | |
1,170,000 | 5.20%, 06/15/2033 | 1,169,788 | |
750,000 | Southwestern Electric Power Co. 5.30%, 04/01/2033 | 741,569 | |
Virginia Electric & Power Co. | |||
356,000 | 2.45%, 12/15/2050 | 209,119 | |
1,145,000 | 5.00%, 04/01/2033 | 1,129,570 | |
1,625,000 | 5.00%, 01/15/2034 | 1,596,723 | |
405,000 | 5.35%, 01/15/2054 | 397,685 | |
605,000 | Wisconsin Power & Light Co. 5.38%, 03/30/2034 | 609,449 | |
720,000 | Xcel Energy, Inc. 4.60%, 06/01/2032 | 677,938 | |
72,373,036 | |||
Energy-Alternate Sources - 0.2% | |||
2,650,000 | Energo-Pro AS 8.50%, 02/04/2027(1) | 2,674,566 | |
1,422,000 | Greenko Power II Ltd. 4.30%, 12/13/2028(7) | 1,301,195 | |
3,975,761 | |||
Engineering & Construction - 0.7% | |||
7,400,000 | GTP Acquisition Partners I LLC 3.48%, 06/15/2050(1) | 7,215,808 | |
1,615,000 | IHS Holding Ltd. 6.25%, 11/29/2028(1) | 1,411,510 | |
3,095,201 | International Airport Finance SA 12.00%, 03/15/2033(1)(9) | 3,280,913 | |
11,908,231 | |||
Entertainment - 0.3% | |||
400,000 | Warnermedia Holdings, Inc. 5.39%, 03/15/2062 | 332,801 | |
WMG Acquisition Corp. | |||
725,000 | 3.75%, 12/01/2029(1) | 649,903 | |
4,525,000 | 3.88%, 07/15/2030(1) | 4,009,830 | |
4,992,534 | |||
Environmental Control - 0.3% | |||
4,475,000 | Clean Harbors, Inc. 4.88%, 07/15/2027(1) | 4,340,941 | |
1,145,000 | Veralto Corp. 5.35%, 09/18/2028(1) | 1,161,678 | |
5,502,619 | |||
Food - 0.3% | |||
411,000 | Conagra Brands, Inc. 4.85%, 11/01/2028 | 405,991 | |
2,040,000 | Minerva Luxembourg SA 4.38%, 03/18/2031(7) | 1,705,488 | |
1,690,000 | NBM U.S. Holdings, Inc. 7.00%, 05/14/2026(1) | 1,696,768 | |
Tyson Foods, Inc. | |||
165,000 | 5.40%, 03/15/2029 | 166,459 | |
605,000 | 5.70%, 03/15/2034 | 612,540 | |
4,587,246 | |||
Gas - 0.5% | |||
1,440,000 | Brooklyn Union Gas Co. 6.39%, 09/15/2033(1) | 1,488,501 | |
1,120,000 | KeySpan Gas East Corp. 5.99%, 03/06/2033(1) | 1,135,928 | |
NiSource, Inc. | |||
295,000 | 3.49%, 05/15/2027 | 281,495 | |
1,135,000 | 3.60%, 05/01/2030 | 1,046,060 | |
275,000 | 5.25%, 03/30/2028 | 277,011 | |
1,060,000 | 5.35%, 04/01/2034 | 1,054,093 |
42 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Gas - 0.5% - (continued) | |||
$ 1,045,000 | 5.40%, 06/30/2033 | $ 1,054,507 | |
Southern California Gas Co. | |||
785,000 | 5.20%, 06/01/2033 | 786,585 | |
1,830,000 | 5.60%, 04/01/2054 | 1,829,740 | |
280,000 | Southern Co. Gas Capital Corp. 5.75%, 09/15/2033 | 290,127 | |
9,244,047 | |||
Hand/Machine Tools - 0.2% | |||
Regal Rexnord Corp. | |||
3,055,000 | 6.05%, 04/15/2028(1) | 3,099,845 | |
325,000 | 6.30%, 02/15/2030(1) | 332,853 | |
3,432,698 | |||
Healthcare - Products - 0.6% | |||
Alcon Finance Corp. | |||
1,164,000 | 2.75%, 09/23/2026(1) | 1,098,340 | |
560,000 | 3.00%, 09/23/2029(1) | 505,677 | |
455,000 | 5.38%, 12/06/2032(1) | 459,411 | |
340,000 | 5.75%, 12/06/2052(1) | 352,453 | |
3,220,000 | Avantor Funding, Inc. 4.63%, 07/15/2028(1) | 3,050,827 | |
2,812,000 | Hologic, Inc. 4.63%, 02/01/2028(1) | 2,707,208 | |
530,000 | Smith & Nephew PLC 5.40%, 03/20/2034 | 528,105 | |
1,495,000 | Solventum Corp. 5.40%, 03/01/2029(1) | 1,498,091 | |
10,200,112 | |||
Healthcare - Services - 0.8% | |||
Centene Corp. | |||
695,000 | 2.45%, 07/15/2028 | 616,152 | |
95,000 | 3.38%, 02/15/2030 | 84,075 | |
435,000 | 4.25%, 12/15/2027 | 414,991 | |
5,230,000 | 4.63%, 12/15/2029 | 4,969,435 | |
470,000 | CommonSpirit Health 3.35%, 10/01/2029 | 431,371 | |
HCA, Inc. | |||
1,760,000 | 3.38%, 03/15/2029 | 1,613,142 | |
165,000 | 5.45%, 04/01/2031 | 166,004 | |
1,210,000 | 5.60%, 04/01/2034 | 1,219,606 | |
570,000 | Humana, Inc. 5.38%, 04/15/2031 | 570,532 | |
Kaiser Foundation Hospitals | |||
355,000 | 2.81%, 06/01/2041 | 262,343 | |
695,000 | 3.00%, 06/01/2051 | 482,358 | |
UnitedHealth Group, Inc. | |||
855,000 | 2.75%, 05/15/2040 | 630,133 | |
190,000 | 3.50%, 08/15/2039 | 156,727 | |
240,000 | 4.95%, 05/15/2062 | 224,485 | |
190,000 | 5.35%, 02/15/2033 | 195,579 | |
1,405,000 | 5.38%, 04/15/2054 | 1,430,471 | |
260,000 | 6.05%, 02/15/2063 | 286,408 | |
13,753,812 | |||
Home Builders - 0.2% | |||
Taylor Morrison Communities, Inc. | |||
1,005,000 | 5.13%, 08/01/2030(1) | 959,802 | |
2,558,000 | 5.75%, 01/15/2028(1) | 2,541,665 | |
3,501,467 | |||
Household Products - 0.0% | |||
575,000 | Haleon U.S. Capital LLC 3.38%, 03/24/2029 | 534,662 | |
Insurance - 1.2% | |||
580,000 | Aon Corp./Aon Global Holdings PLC 5.35%, 02/28/2033 | 583,079 | |
1,615,000 | Aon North America, Inc. 5.45%, 03/01/2034 | 1,633,245 | |
Athene Global Funding | |||
1,985,000 | 2.65%, 10/04/2031(1) | 1,620,769 | |
3,010,000 | 2.72%, 01/07/2029(1) | 2,653,339 | |
970,000 | Athene Holding Ltd. 5.88%, 01/15/2034 | 972,700 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Insurance - 1.2% - (continued) | |||
Corebridge Financial, Inc. | |||
$ 650,000 | 3.85%, 04/05/2029 | $ 607,938 | |
1,380,000 | 5.75%, 01/15/2034 | 1,410,818 | |
280,000 | 6.05%, 09/15/2033(1) | 288,800 | |
3,090,000 | Equitable Financial Life Global Funding 1.80%, 03/08/2028(1) | 2,722,055 | |
670,000 | Equitable Holdings, Inc. 4.35%, 04/20/2028 | 649,450 | |
1,605,000 | GA Global Funding Trust 5.50%, 01/08/2029(1) | 1,612,755 | |
560,000 | Marsh & McLennan Cos., Inc. 4.75%, 03/15/2039 | 532,088 | |
Metropolitan Life Global Funding I | |||
2,485,000 | 2.40%, 01/11/2032(1) | 2,047,042 | |
770,000 | 5.15%, 03/28/2033(1) | 771,371 | |
1,165,000 | Principal Life Global Funding II 5.10%, 01/25/2029(1) | 1,162,639 | |
600,000 | Protective Life Global Funding 5.47%, 12/08/2028(1) | 610,992 | |
830,000 | Willis North America, Inc. 3.60%, 05/15/2024 | 827,537 | |
20,706,617 | |||
Internet - 0.5% | |||
Gen Digital, Inc. | |||
3,060,000 | 5.00%, 04/15/2025(1) | 3,041,866 | |
1,900,000 | 6.75%, 09/30/2027(1) | 1,927,172 | |
Go Daddy Operating Co. LLC/GD Finance Co., Inc. | |||
770,000 | 3.50%, 03/01/2029(1) | 694,611 | |
3,995,000 | 5.25%, 12/01/2027(1) | 3,906,973 | |
9,570,622 | |||
Investment Company Security - 0.0% | |||
505,000 | New Mountain Finance Corp. 6.88%, 02/01/2029 | 499,437 | |
IT Services - 0.2% | |||
2,806,000 | Booz Allen Hamilton, Inc. 3.88%, 09/01/2028(1) | 2,629,287 | |
Machinery-Diversified - 0.1% | |||
AGCO Corp. | |||
210,000 | 5.45%, 03/21/2027 | 211,081 | |
285,000 | 5.80%, 03/21/2034 | 288,559 | |
445,000 | Ingersoll Rand, Inc. 5.70%, 08/14/2033 | 456,812 | |
996,000 | Otis Worldwide Corp. 2.57%, 02/15/2030 | 874,649 | |
235,000 | Westinghouse Air Brake Technologies Corp. 5.61%, 03/11/2034 | 238,070 | |
2,069,171 | |||
Media - 1.2% | |||
Charter Communications Operating LLC/Charter Communications Operating Capital | |||
695,000 | 2.25%, 01/15/2029 | 591,620 | |
640,000 | 3.50%, 03/01/2042 | 427,882 | |
480,000 | 3.70%, 04/01/2051 | 297,119 | |
500,000 | 3.85%, 04/01/2061 | 296,757 | |
940,000 | 3.90%, 06/01/2052 | 598,682 | |
1,835,000 | 4.80%, 03/01/2050 | 1,357,030 | |
715,000 | 5.13%, 07/01/2049 | 553,532 | |
2,225,000 | 6.48%, 10/23/2045 | 2,064,388 | |
55,000 | 6.83%, 10/23/2055 | 52,865 | |
Comcast Corp. | |||
1,195,000 | 2.89%, 11/01/2051 | 777,851 | |
1,259,000 | 2.94%, 11/01/2056 | 795,665 |
43 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Media - 1.2% - (continued) | |||
$ 1,105,000 | Cox Communications, Inc. 2.60%, 06/15/2031(1) | $ 917,518 | |
Discovery Communications LLC | |||
545,000 | 3.63%, 05/15/2030 | 487,622 | |
1,685,000 | 4.00%, 09/15/2055 | 1,154,123 | |
560,000 | 5.20%, 09/20/2047 | 469,534 | |
386,000 | 5.30%, 05/15/2049 | 324,553 | |
Paramount Global | |||
710,000 | 4.38%, 03/15/2043 | 481,957 | |
1,000,000 | 5.25%, 04/01/2044 | 742,539 | |
Sirius XM Radio, Inc. | |||
1,425,000 | 4.00%, 07/15/2028(1) | 1,303,730 | |
3,600,000 | 4.13%, 07/01/2030(1) | 3,146,752 | |
2,900,000 | Time Warner Cable Enterprises LLC 8.38%, 07/15/2033 | 3,239,667 | |
780,000 | Time Warner Cable LLC 6.55%, 05/01/2037 | 738,370 | |
20,819,756 | |||
Mining - 0.4% | |||
1,525,000 | Corp. Nacional del Cobre de Chile 6.44%, 01/26/2036(1) | 1,570,887 | |
Glencore Funding LLC | |||
815,000 | 5.37%, 04/04/2029(1) | 817,054 | |
1,605,000 | 5.63%, 04/04/2034(1) | 1,611,071 | |
1,590,000 | 6.38%, 10/06/2030(1) | 1,677,588 | |
935,000 | Rio Tinto Alcan, Inc. 6.13%, 12/15/2033 | 1,004,178 | |
6,680,778 | |||
Oil & Gas - 1.8% | |||
Aker BP ASA | |||
1,367,000 | 2.00%, 07/15/2026(1) | 1,263,692 | |
465,000 | 3.10%, 07/15/2031(1) | 397,709 | |
1,340,000 | 6.00%, 06/13/2033(1) | 1,385,211 | |
BP Capital Markets America, Inc. | |||
115,000 | 2.94%, 06/04/2051 | 76,734 | |
1,820,000 | 4.81%, 02/13/2033 | 1,797,157 | |
1,140,000 | 4.89%, 09/11/2033 | 1,131,791 | |
995,000 | 4.99%, 04/10/2034 | 994,383 | |
1,470,000 | BP Capital Markets PLC 6.45%, 12/01/2033, (6.45% fixed rate until 12/01/2033; 5 yr. USD CMT + 2.15% thereafter)(6)(8) | 1,524,597 | |
185,000 | Cenovus Energy, Inc. 2.65%, 01/15/2032 | 153,581 | |
ConocoPhillips Co. | |||
431,000 | 3.80%, 03/15/2052 | 336,851 | |
520,000 | 4.03%, 03/15/2062 | 412,786 | |
425,000 | 5.05%, 09/15/2033(9) | 429,126 | |
410,000 | 5.55%, 03/15/2054 | 423,528 | |
1,050,000 | 5.70%, 09/15/2063 | 1,102,375 | |
600,000 | Diamondback Energy, Inc. 6.25%, 03/15/2033 | 640,154 | |
Ecopetrol SA | |||
2,250,000 | 4.63%, 11/02/2031 | 1,871,837 | |
2,425,000 | 8.38%, 01/19/2036 | 2,445,768 | |
1,760,000 | 8.63%, 01/19/2029 | 1,865,628 | |
Energean Israel Finance Ltd. | |||
695,000 | 5.88%, 03/30/2031(7) | 608,820 | |
995,000 | 8.50%, 09/30/2033(7) | 983,679 | |
675,000 | Equinor ASA 3.63%, 04/06/2040 | 563,236 | |
Hess Corp. | |||
1,812,000 | 7.13%, 03/15/2033 | 2,052,410 | |
430,000 | 7.30%, 08/15/2031 | 486,959 | |
2,045,000 | Leviathan Bond Ltd. 6.50%, 06/30/2027(7) | 1,971,151 | |
785,000 | Ovintiv, Inc. 6.63%, 08/15/2037 | 820,625 | |
Patterson-UTI Energy, Inc. | |||
695,000 | 5.15%, 11/15/2029(9) | 679,987 | |
735,000 | 7.15%, 10/01/2033 | 790,838 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Oil & Gas - 1.8% - (continued) | |||
$ 1,405,000 | Phillips 66 Co. 5.30%, 06/30/2033 | $ 1,413,980 | |
Shell International Finance BV | |||
215,000 | 2.88%, 11/26/2041 | 159,617 | |
440,000 | 3.00%, 11/26/2051 | 300,727 | |
575,000 | 3.25%, 04/06/2050 | 417,772 | |
2,200,000 | Viper Energy, Inc. 5.38%, 11/01/2027(1) | 2,153,249 | |
31,655,958 | |||
Packaging & Containers - 0.4% | |||
6,115,000 | Ball Corp. 6.00%, 06/15/2029 | 6,174,297 | |
Pharmaceuticals - 0.4% | |||
AbbVie, Inc. | |||
550,000 | 4.95%, 03/15/2031 | 553,894 | |
245,000 | 5.40%, 03/15/2054 | 252,142 | |
1,560,000 | Bayer U.S. Finance LLC 6.38%, 11/21/2030(1) | 1,595,837 | |
Bristol-Myers Squibb Co. | |||
775,000 | 5.20%, 02/22/2034 | 787,524 | |
645,000 | 5.55%, 02/22/2054 | 666,313 | |
1,985,000 | Cigna Group 5.00%, 05/15/2029 | 1,986,898 | |
CVS Health Corp. | |||
1,095,000 | 2.70%, 08/21/2040 | 761,477 | |
435,000 | 4.13%, 04/01/2040 | 366,832 | |
6,970,917 | |||
Pipelines - 1.2% | |||
630,000 | Cheniere Energy Partners LP 4.50%, 10/01/2029 | 599,720 | |
865,000 | Cheniere Energy, Inc. 5.65%, 04/15/2034(1) | 871,007 | |
Columbia Pipelines Holding Co. LLC | |||
560,000 | 5.68%, 01/15/2034(1) | 556,708 | |
1,370,000 | 6.04%, 08/15/2028(1) | 1,400,584 | |
Columbia Pipelines Operating Co. LLC | |||
820,000 | 5.93%, 08/15/2030(1) | 842,030 | |
1,255,000 | 6.04%, 11/15/2033(1) | 1,301,171 | |
800,000 | 6.54%, 11/15/2053(1) | 868,414 | |
1,405,000 | EIG Pearl Holdings SARL 3.55%, 08/31/2036(1) | 1,198,145 | |
Enbridge, Inc. | |||
520,000 | 2.50%, 08/01/2033 | 419,622 | |
2,385,000 | 5.70%, 03/08/2033 | 2,441,766 | |
1,785,000 | Energy Transfer LP 6.40%, 12/01/2030 | 1,883,034 | |
125,000 | EQM Midstream Partners LP 6.50%, 07/01/2027(1) | 126,097 | |
528,146 | Galaxy Pipeline Assets Bidco Ltd. 2.94%, 09/30/2040(1) | 423,423 | |
Greensaif Pipelines Bidco SARL | |||
2,130,000 | 6.13%, 02/23/2038(1) | 2,167,351 | |
1,490,000 | 6.51%, 02/23/2042(1) | 1,550,220 | |
ONEOK, Inc. | |||
210,000 | 3.10%, 03/15/2030 | 187,748 | |
660,000 | 3.40%, 09/01/2029 | 608,162 | |
610,000 | 6.10%, 11/15/2032 | 639,628 | |
Targa Resources Corp. | |||
865,000 | 6.15%, 03/01/2029 | 900,118 | |
570,000 | 6.25%, 07/01/2052 | 591,024 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | |||
535,000 | 4.00%, 01/15/2032 | 481,395 | |
280,000 | 4.88%, 02/01/2031 | 267,852 | |
Western Midstream Operating LP | |||
580,000 | 4.75%, 08/15/2028 | 564,210 | |
980,000 | 6.15%, 04/01/2033 | 1,005,140 | |
21,894,569 |
44 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Real Estate Investment Trusts - 0.7% | |||
American Tower Corp. | |||
$ 90,000 | 2.70%, 04/15/2031 | $ 76,236 | |
955,000 | 3.80%, 08/15/2029 | 891,612 | |
Crown Castle, Inc. | |||
960,000 | 2.90%, 03/15/2027 | 898,162 | |
470,000 | 4.30%, 02/15/2029 | 450,718 | |
1,995,000 | 4.80%, 09/01/2028 | 1,956,861 | |
785,000 | 5.00%, 01/11/2028 | 776,781 | |
650,000 | 5.60%, 06/01/2029 | 659,213 | |
GLP Capital LP/GLP Financing II, Inc. | |||
390,000 | 5.30%, 01/15/2029 | 383,579 | |
1,535,000 | 5.75%, 06/01/2028 | 1,536,742 | |
2,240,000 | SBA Tower Trust 2.84%, 01/15/2050(1) | 2,186,298 | |
1,887,000 | VICI Properties LP 4.95%, 02/15/2030 | 1,821,990 | |
425,000 | VICI Properties LP/VICI Note Co., Inc. 4.63%, 12/01/2029(1) | 401,872 | |
40,000 | WEA Finance LLC 3.50%, 06/15/2029(1) | 35,370 | |
12,075,434 | |||
Retail - 0.4% | |||
AutoZone, Inc. | |||
765,000 | 4.75%, 08/01/2032 | 742,750 | |
235,000 | 4.75%, 02/01/2033 | 227,194 | |
670,000 | 6.55%, 11/01/2033 | 734,099 | |
FirstCash, Inc. | |||
3,352,000 | 4.63%, 09/01/2028(1) | 3,156,926 | |
1,735,000 | 5.63%, 01/01/2030(1) | 1,649,175 | |
993,000 | O'Reilly Automotive, Inc. 4.70%, 06/15/2032 | 970,701 | |
7,480,845 | |||
Semiconductors - 0.2% | |||
Intel Corp. | |||
350,000 | 3.10%, 02/15/2060 | 221,976 | |
790,000 | 5.15%, 02/21/2034 | 791,943 | |
145,000 | 5.60%, 02/21/2054 | 148,045 | |
285,000 | 5.70%, 02/10/2053 | 294,814 | |
500,000 | 5.90%, 02/10/2063 | 531,413 | |
1,220,000 | Marvell Technology, Inc. 2.45%, 04/15/2028 | 1,100,258 | |
1,035,000 | Qorvo, Inc. 3.38%, 04/01/2031(1) | 889,894 | |
3,978,343 | |||
Software - 1.4% | |||
4,249,000 | Black Knight InfoServ LLC 3.63%, 09/01/2028(1) | 4,020,319 | |
Constellation Software, Inc. | |||
100,000 | 5.16%, 02/16/2029(1) | 99,947 | |
640,000 | 5.46%, 02/16/2034(1) | 644,809 | |
3,542,000 | Fair Isaac Corp. 4.00%, 06/15/2028(1) | 3,309,640 | |
668,000 | MSCI, Inc. 3.63%, 11/01/2031(1) | 579,518 | |
Open Text Corp. | |||
4,905,000 | 3.88%, 12/01/2029(1) | 4,372,799 | |
1,905,000 | 6.90%, 12/01/2027(1) | 1,969,421 | |
600,000 | Open Text Holdings, Inc. 4.13%, 12/01/2031(1) | 526,434 | |
Oracle Corp. | |||
405,000 | 2.95%, 04/01/2030 | 360,679 | |
2,900,000 | 3.85%, 04/01/2060 | 2,067,677 | |
745,000 | 4.10%, 03/25/2061 | 560,603 | |
70,000 | 4.13%, 05/15/2045 | 56,520 | |
900,000 | 6.15%, 11/09/2029 | 948,856 | |
4,425,000 | SS&C Technologies, Inc. 5.50%, 09/30/2027(1) | 4,320,017 | |
23,837,239 | |||
Telecommunications - 0.3% | |||
AT&T, Inc. | |||
769,000 | 3.55%, 09/15/2055 | 538,344 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 30.0% - (continued) | |||
Telecommunications - 0.3% - (continued) | |||
$ 1,266,000 | 3.80%, 12/01/2057 | $ 917,999 | |
Cisco Systems, Inc. | |||
860,000 | 4.95%, 02/26/2031 | 867,685 | |
570,000 | 5.35%, 02/26/2064 | 584,738 | |
T-Mobile USA, Inc. | |||
2,110,000 | 3.88%, 04/15/2030 | 1,976,223 | |
420,000 | 5.05%, 07/15/2033 | 415,462 | |
695,000 | 5.75%, 01/15/2034 | 724,413 | |
6,024,864 | |||
Trucking & Leasing - 0.4% | |||
3,775,000 | DAE Funding LLC 1.55%, 08/01/2024(1) | 3,713,157 | |
Penske Truck Leasing Co. LP/PTL Finance Corp. | |||
1,145,000 | 2.70%, 11/01/2024(1) | 1,124,728 | |
1,185,000 | 4.00%, 07/15/2025(1) | 1,160,620 | |
305,000 | 5.35%, 03/30/2029(1) | 305,373 | |
430,000 | 6.05%, 08/01/2028(1) | 442,576 | |
6,746,454 | |||
Total Corporate Bonds (cost $541,459,887) | $ 527,961,037 | ||
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% | |||
Angola - 0.1% | |||
Angola Government International Bonds | |||
1,600,000 | 8.00%, 11/26/2029(7) | $ 1,488,000 | |
310,000 | 8.75%, 04/14/2032(1) | 284,484 | |
1,772,484 | |||
Bermuda - 0.1% | |||
Bermuda Government International Bonds | |||
735,000 | 2.38%, 08/20/2030(1) | 613,210 | |
1,825,000 | 5.00%, 07/15/2032(1) | 1,755,650 | |
2,368,860 | |||
Brazil - 0.5% | |||
BRL 42,374,000 | Brazil Notas do Tesouro Nacional 10.00%, 01/01/2031 | 8,102,566 | |
Chile - 0.2% | |||
Chile Government International Bonds | |||
EUR 1,605,000 | 1.25%, 01/22/2051 | 969,670 | |
$ 1,795,000 | 4.95%, 01/05/2036 | 1,735,808 | |
2,705,478 | |||
Colombia - 0.2% | |||
Colombia Government International Bonds | |||
2,685,000 | 5.00%, 06/15/2045 | 1,942,328 | |
395,000 | 5.20%, 05/15/2049 | 289,732 | |
1,180,000 | 5.63%, 02/26/2044 | 937,055 | |
3,169,115 | |||
Costa Rica - 0.1% | |||
1,140,000 | Costa Rica Government International Bonds 6.55%, 04/03/2034(1) | 1,178,479 | |
Hungary - 0.4% | |||
Hungary Government International Bonds | |||
EUR 3,860,000 | 1.63%, 04/28/2032(7) | 3,402,783 | |
$ 445,000 | 5.50%, 03/26/2036(1) | 431,650 | |
2,415,000 | 6.13%, 05/22/2028(1) | 2,472,496 | |
6,306,929 | |||
Indonesia - 0.2% | |||
Indonesia Government International Bonds | |||
EUR 3,795,000 | 1.10%, 03/12/2033 | 3,243,085 | |
240,000 | 2.15%, 07/18/2024(7) | 256,910 | |
3,499,995 |
45 |
Shares or Principal Amount | Market Value† | ||
FOREIGN GOVERNMENT OBLIGATIONS - 3.6% - (continued) | |||
Israel - 0.0% | |||
$ 755,000 | Israel Government International Bonds 5.75%, 03/12/2054 | $ 723,426 | |
Ivory Coast - 0.1% | |||
EUR 1,965,000 | Ivory Coast Government International Bonds 4.88%, 01/30/2032(7) | 1,823,148 | |
Mexico - 0.4% | |||
Mexico Government International Bonds | |||
$ 765,000 | 3.50%, 02/12/2034 | 636,643 | |
5,785,000 | 6.00%, 05/07/2036 | 5,789,840 | |
290,000 | 6.34%, 05/04/2053 | 286,289 | |
435,000 | 6.40%, 05/07/2054 | 433,522 | |
7,146,294 | |||
North Macedonia - 0.2% | |||
North Macedonia Government International Bonds | |||
EUR 1,825,000 | 2.75%, 01/18/2025(7) | 1,928,539 | |
2,165,000 | 3.68%, 06/03/2026(1) | 2,261,990 | |
4,190,529 | |||
Panama - 0.1% | |||
Panama Government International Bonds | |||
$ 275,000 | 6.85%, 03/28/2054 | 253,688 | |
590,000 | 6.88%, 01/31/2036 | 582,624 | |
836,312 | |||
Philippines - 0.2% | |||
Philippines Government International Bonds | |||
EUR 3,315,000 | 1.20%, 04/28/2033 | 2,861,468 | |
710,000 | 1.75%, 04/28/2041 | 536,939 | |
3,398,407 | |||
Poland - 0.0% | |||
$ 670,000 | Bank Gospodarstwa Krajowego 5.38%, 05/22/2033(1) | 665,841 | |
Romania - 0.5% | |||
Romania Government International Bonds | |||
EUR 2,970,000 | 2.63%, 12/02/2040(1) | 2,182,979 | |
6,785,000 | 2.75%, 04/14/2041(7) | 4,988,578 | |
$ 1,286,000 | 5.88%, 01/30/2029(1) | 1,284,714 | |
930,000 | 6.38%, 01/30/2034(1) | 942,229 | |
9,398,500 | |||
Saudi Arabia - 0.3% | |||
Saudi Government International Bonds | |||
EUR 1,140,000 | 2.00%, 07/09/2039(7) | 938,651 | |
$ 455,000 | 5.00%, 01/18/2053(1) | 406,342 | |
3,995,000 | 5.75%, 01/16/2054(1) | 3,945,862 | |
5,290,855 | |||
Total Foreign Government Obligations (cost $72,512,404) | $ 62,577,218 | ||
MUNICIPAL BONDS - 1.4% | |||
Development - 0.3% | |||
4,650,000 | New York Transportation Dev Corp., NY, Rev 4.25%, 09/01/2035 | $ 4,509,473 | |
General - 0.6% | |||
720,000 | Chicago Transit Auth Sales Tax Receipts Fund, IL, Rev 3.91%, 12/01/2040 | 621,575 |
Shares or Principal Amount | Market Value† | ||
MUNICIPAL BONDS - 1.4% - (continued) | |||
General - 0.6% - (continued) | |||
$ 5,445,000 | Philadelphia Auth for Industrial Dev, PA, Rev, (NATL Insured) 6.55%, 10/15/2028 | $ 5,846,417 | |
4,130,000 | State Board of Administration Finance Corp., FL, Rev 1.26%, 07/01/2025 | 3,937,412 | |
10,405,404 | |||
School District - 0.1% | |||
Chicago Board of Education, IL, GO | |||
1,115,000 | 6.14%, 12/01/2039 | 1,046,266 | |
1,540,000 | 6.32%, 11/01/2029 | 1,529,550 | |
2,575,816 | |||
Transportation - 0.2% | |||
2,790,000 | Metropolitan Transportation Auth, NY, Rev 6.81%, 11/15/2040 | 3,100,866 | |
Utilities - 0.1% | |||
2,395,000 | Texas Natural Gas Securitization Finance Corp., TX, Rev 5.10%, 04/01/2035 | 2,415,948 | |
Utility - Electric - 0.1% | |||
731,000 | Municipal Electric Auth of Georgia, GA, Rev 6.64%, 04/01/2057 | 842,012 | |
Total Municipal Bonds (cost $25,507,701) | $ 23,849,519 | ||
SENIOR FLOATING RATE INTERESTS - 0.0%(10) | |||
Oil & Gas Services - 0.0% | |||
757,275 | PES Holdings LLC 0.00%, 12/31/2024, U.S. (Fed) Prime Rate + 6.99%(11)(12) | $ 7,573 | |
Total Senior Floating Rate Interests (cost $757,276) | $ 7,573 | ||
U.S. GOVERNMENT AGENCIES - 53.6% | |||
Mortgage-Backed Agencies - 53.6% | |||
Federal Home Loan Mortgage Corp. - 8.1% | |||
43,786 | 0.00%, 11/15/2036(13)(14) | $ 35,388 | |
5,634,717 | 0.37%, 12/25/2033(3)(4) | 178,924 | |
19,029,795 | 0.60%, 03/25/2027(3)(4) | 279,702 | |
4,763,205 | 0.63%, 10/25/2026(3)(4) | 57,213 | |
17,205,322 | 0.72%, 12/25/2030(3)(4) | 661,646 | |
10,070,661 | 0.74%, 06/25/2027(3)(4) | 194,285 | |
4,223,031 | 0.88%, 11/25/2030(3)(4) | 191,081 | |
2,073,735 | 1.00%, 02/25/2051 | 1,736,790 | |
7,711,440 | 1.02%, 10/25/2030(3)(4) | 394,442 | |
12,809,802 | 1.12%, 06/25/2030(3)(4) | 711,902 | |
9,093,636 | 1.50%, 05/15/2037(4) | 516,353 | |
835,703 | 1.50%, 11/01/2051 | 630,693 | |
6,229,461 | 1.57%, 05/25/2030(3)(4) | 471,981 | |
632,613 | 1.75%, 10/15/2042 | 535,301 | |
1,486,675 | 2.00%, 05/01/2036 | 1,326,114 | |
614,839 | 2.00%, 06/01/2036 | 548,428 | |
301,490 | 2.00%, 12/01/2040 | 255,276 | |
1,880,233 | 2.00%, 05/01/2041 | 1,588,484 | |
2,082,053 | 2.00%, 12/01/2041 | 1,750,008 | |
1,678,143 | 2.00%, 10/01/2050 | 1,339,850 | |
1,597,415 | 2.00%, 02/01/2051 | 1,289,800 | |
8,401,709 | 2.00%, 03/01/2051 | 6,702,632 | |
2,839,722 | 2.00%, 04/01/2051 | 2,261,911 | |
1,592,015 | 2.00%, 05/01/2051 | 1,285,673 | |
685,237 | 2.00%, 08/01/2051 | 546,868 | |
689,775 | 2.00%, 11/01/2051 | 553,259 | |
3,080,204 | 2.00%, 04/01/2052 | 2,472,087 | |
3,704,647 | 2.00%, 06/15/2052(4) | 467,494 | |
178,038 | 2.50%, 05/15/2028(4) | 6,139 | |
951,781 | 2.50%, 05/01/2050 | 800,957 | |
1,098,953 | 2.50%, 06/01/2050 | 920,536 |
46 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal Home Loan Mortgage Corp. - 8.1% - (continued) | |||
$ 6,299,685 | 2.50%, 07/01/2050 | $ 5,267,907 | |
1,922,479 | 2.50%, 11/01/2050 | 1,604,570 | |
587,027 | 2.50%, 02/01/2051 | 495,209 | |
1,994,179 | 2.50%, 03/01/2051 | 1,663,294 | |
2,446,980 | 2.50%, 03/25/2051(4) | 345,381 | |
731,210 | 2.50%, 05/01/2051 | 609,448 | |
912,920 | 2.50%, 07/01/2051 | 763,142 | |
647,623 | 2.50%, 08/01/2051 | 539,508 | |
1,137,093 | 2.50%, 10/01/2051 | 947,857 | |
2,922,511 | 2.50%, 03/15/2052(4) | 405,180 | |
1,875,898 | 2.50%, 03/25/2052 | 1,645,124 | |
3,617,447 | 2.50%, 04/01/2052 | 3,004,165 | |
382,917 | 3.00%, 03/15/2028(4) | 14,906 | |
587,432 | 3.00%, 08/01/2029 | 563,464 | |
132,550 | 3.00%, 05/15/2032(4) | 2,226 | |
1,919,919 | 3.00%, 10/01/2032 | 1,814,245 | |
303,783 | 3.00%, 03/15/2033(4) | 24,402 | |
1,235,480 | 3.00%, 04/01/2033 | 1,160,667 | |
1,841,663 | 3.00%, 11/01/2036 | 1,696,228 | |
1,076,542 | 3.00%, 01/01/2037 | 991,213 | |
2,025,000 | 3.00%, 03/25/2040 | 1,721,644 | |
564,807 | 3.00%, 05/15/2046 | 514,423 | |
3,543,679 | 3.00%, 11/01/2046 | 3,129,840 | |
913,068 | 3.00%, 12/01/2046 | 807,015 | |
772,113 | 3.00%, 07/01/2050 | 671,830 | |
304,404 | 3.00%, 08/01/2051 | 264,804 | |
2,786,083 | 3.00%, 09/25/2051(4) | 443,212 | |
2,084,719 | 3.00%, 10/01/2051 | 1,816,957 | |
794,784 | 3.00%, 01/01/2052 | 695,566 | |
1,013,666 | 3.00%, 05/01/2052 | 882,761 | |
354,616 | 3.25%, 11/15/2041 | 323,782 | |
66,918 | 3.50%, 09/15/2026(4) | 1,802 | |
57,913 | 3.50%, 03/15/2027(4) | 1,126 | |
790,272 | 3.50%, 05/15/2034(4) | 58,129 | |
1,308,684 | 3.50%, 08/01/2034 | 1,243,422 | |
432,427 | 3.50%, 03/15/2041(4) | 12,025 | |
436,147 | 3.50%, 10/15/2045 | 389,515 | |
310,748 | 3.50%, 06/01/2046 | 284,007 | |
1,092,267 | 3.50%, 12/15/2046 | 995,334 | |
1,193,555 | 3.50%, 10/01/2047 | 1,090,815 | |
441,838 | 3.50%, 12/01/2047 | 403,293 | |
6,477,133 | 3.50%, 03/01/2048 | 5,922,372 | |
196,112 | 3.50%, 08/01/2048 | 179,390 | |
299,467 | 4.00%, 08/01/2025 | 295,918 | |
94,614 | 4.00%, 12/15/2026(4) | 1,379 | |
151,423 | 4.00%, 07/15/2027(4) | 2,670 | |
119,422 | 4.00%, 03/15/2028(4) | 2,781 | |
73,050 | 4.00%, 06/15/2028(4) | 1,940 | |
277,158 | 4.00%, 07/15/2030(4) | 17,968 | |
1,247,800 | 4.00%, 05/25/2040(4) | 184,425 | |
1,276,741 | 4.00%, 09/15/2041 | 1,222,628 | |
1,110,763 | 4.00%, 05/01/2042 | 1,054,833 | |
373,539 | 4.00%, 08/01/2042 | 354,721 | |
552,302 | 4.00%, 09/01/2042 | 524,479 | |
26,952 | 4.00%, 07/01/2044 | 25,871 | |
2,248,936 | 4.00%, 03/25/2045(4) | 396,016 | |
104,150 | 4.00%, 06/01/2045 | 98,867 | |
370,376 | 4.00%, 02/01/2046 | 351,679 | |
138,033 | 4.00%, 04/01/2047 | 130,910 | |
108,008 | 4.00%, 09/01/2048 | 102,237 | |
2,529,328 | 4.00%, 04/01/2049 | 2,378,258 | |
499,380 | 4.00%, 05/01/2049 | 473,518 | |
1,893,365 | 4.00%, 07/01/2049 | 1,788,049 | |
195,440 | 4.50%, 09/01/2044 | 190,199 | |
934,123 | 4.75%, 07/15/2039 | 928,178 | |
393,585 | 5.00%, 09/15/2033(4) | 59,250 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal Home Loan Mortgage Corp. - 8.1% - (continued) | |||
$ 3,813 | 5.00%, 03/01/2039 | $ 3,813 | |
114,503 | 5.00%, 08/01/2039 | 114,566 | |
2,737 | 5.00%, 09/01/2039 | 2,712 | |
6,486 | 5.00%, 12/01/2039 | 6,457 | |
6,079 | 5.00%, 04/01/2041 | 6,079 | |
13,643 | 5.00%, 04/01/2044 | 13,717 | |
10,021 | 5.00%, 05/01/2044 | 9,956 | |
497,248 | 5.00%, 02/15/2048(4) | 104,967 | |
588,614 | 5.00%, 08/01/2052 | 575,184 | |
16,181,790 | 5.00%, 09/01/2052 | 15,814,106 | |
1,613,839 | 5.00%, 04/01/2053 | 1,587,641 | |
2,152,000 | 5.36%, 01/25/2029(3) | 2,211,049 | |
9,570 | 5.50%, 03/01/2028 | 9,546 | |
25,501 | 5.50%, 04/01/2033 | 26,079 | |
332,800 | 5.50%, 05/01/2034 | 340,359 | |
6,067 | 5.50%, 05/01/2037 | 6,205 | |
16,819 | 5.50%, 11/01/2037 | 17,202 | |
31,340 | 5.50%, 02/01/2038 | 32,054 | |
13,247 | 5.50%, 04/01/2038 | 13,549 | |
17,021 | 5.50%, 06/01/2038 | 17,408 | |
1,761,390 | 5.50%, 08/01/2038 | 1,801,431 | |
179,576 | 5.50%, 09/01/2038 | 183,660 | |
3,451 | 5.50%, 12/01/2039 | 3,529 | |
46,290 | 5.50%, 02/01/2040 | 47,343 | |
153,254 | 5.50%, 05/01/2040 | 156,739 | |
148,790 | 5.50%, 08/01/2040 | 152,174 | |
765,980 | 5.50%, 06/01/2041 | 783,401 | |
636,856 | 5.50%, 10/15/2046(4) | 127,933 | |
2,254,976 | 5.50%, 02/01/2053 | 2,254,323 | |
737 | 6.00%, 07/01/2029 | 747 | |
79,623 | 6.00%, 10/01/2032 | 81,642 | |
16,753 | 6.00%, 11/01/2032 | 16,973 | |
98,575 | 6.00%, 12/01/2032 | 100,870 | |
7,568 | 6.00%, 11/01/2033 | 7,835 | |
17,355 | 6.00%, 01/01/2034 | 17,887 | |
7,748 | 6.00%, 02/01/2034 | 8,018 | |
79,516 | 6.00%, 08/01/2034 | 82,517 | |
83,164 | 6.00%, 09/01/2034 | 86,288 | |
101,015 | 6.00%, 01/01/2035 | 103,515 | |
490,733 | 6.00%, 11/01/2037 | 509,294 | |
1,304,253 | 6.00%, 12/01/2052 | 1,329,289 | |
648,973 | 6.00%, 03/01/2053 | 664,560 | |
109 | 6.50%, 08/01/2032 | 113 | |
254,405 | 6.50%, 07/15/2036 | 261,384 | |
56,296 | 6.50%, 12/01/2037 | 59,234 | |
1,499,551 | 6.50%, 11/01/2053 | 1,543,211 | |
27 | 7.50%, 09/01/2029 | 27 | |
1,432,000 | 8.22%, 04/25/2042, 30 day USD SOFR Average + 2.90%(1)(2) | 1,480,409 | |
1,310,000 | 8.57%, 04/25/2043, 30 day USD SOFR Average + 3.25%(1)(2) | 1,373,099 | |
2,005,000 | 8.67%, 05/25/2042, 30 day USD SOFR Average + 3.35%(1)(2) | 2,094,514 | |
4,410,000 | 8.67%, 06/25/2043, 30 day USD SOFR Average + 3.35%(1)(2) | 4,663,575 | |
1,705,000 | 8.72%, 10/25/2041, 30 day USD SOFR Average + 3.40%(1)(2) | 1,764,139 | |
470,000 | 8.82%, 03/25/2042, 30 day USD SOFR Average + 3.50%(1)(2) | 489,975 | |
3,815,000 | 8.82%, 05/25/2043, 30 day USD SOFR Average + 3.50%(1)(2) | 4,025,295 | |
620,000 | 8.87%, 08/25/2042, 30 day USD SOFR Average + 3.55%(1)(2) | 650,373 | |
1,629,000 | 8.97%, 11/25/2041, 30 day USD SOFR Average + 3.65%(1)(2) | 1,696,123 |
47 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal Home Loan Mortgage Corp. - 8.1% - (continued) | |||
$ 1,705,000 | 9.02%, 09/25/2042, 30 day USD SOFR Average + 3.70%(1)(2) | $ 1,807,195 | |
1,525,000 | 9.32%, 07/25/2042, 30 day USD SOFR Average + 4.00%(1)(2) | 1,621,160 | |
2,440,000 | 9.82%, 06/25/2042, 30 day USD SOFR Average + 4.50%(1)(2) | 2,638,515 | |
142,310,149 | |||
Federal National Mortgage Association - 14.4% | |||
47,849 | 0.00%, 03/25/2036(13)(14) | 40,883 | |
375,158 | 0.00%, 06/25/2041(13)(14) | 280,698 | |
702,100 | 0.02%, 06/25/2055(3)(4) | 28,098 | |
1,061,382 | 0.08%, 04/25/2055(3)(4) | 38,330 | |
7,566,576 | 0.30%, 01/25/2030(3)(4) | 77,429 | |
3,658,308 | 0.57%, 10/25/2049, 30 day USD SOFR Average + 5.89%(2)(4) | 339,775 | |
8,026,101 | 1.46%, 05/25/2029(3)(4) | 355,304 | |
1,020,931 | 1.48%, 05/25/2046(3)(4) | 42,476 | |
5,658,415 | 1.50%, 09/01/2051 | 4,274,352 | |
327,819 | 1.50%, 10/01/2051 | 247,524 | |
435,148 | 1.50%, 04/01/2052 | 328,340 | |
1,012,498 | 1.75%, 12/25/2042 | 884,342 | |
1,533,632 | 2.00%, 05/01/2036 | 1,367,985 | |
2,305,078 | 2.00%, 06/01/2036 | 2,058,972 | |
1,703,357 | 2.00%, 08/01/2036 | 1,519,361 | |
1,085,007 | 2.00%, 09/01/2036 | 967,798 | |
778,802 | 2.00%, 12/01/2036 | 694,658 | |
613,901 | 2.00%, 09/25/2039 | 530,380 | |
1,246,965 | 2.00%, 09/01/2040 | 1,058,365 | |
2,839,535 | 2.00%, 12/01/2040 | 2,402,239 | |
1,146,221 | 2.00%, 04/01/2041 | 968,573 | |
391,026 | 2.00%, 05/01/2041 | 330,417 | |
1,505,787 | 2.00%, 10/01/2041 | 1,267,015 | |
7,488,609 | 2.00%, 12/01/2050 | 5,984,395 | |
9,419,277 | 2.00%, 02/01/2051 | 7,532,558 | |
13,797,215 | 2.00%, 03/01/2051 | 10,989,991 | |
14,279,683 | 2.00%, 04/01/2051 | 11,363,623 | |
1,562,276 | 2.00%, 05/01/2051 | 1,243,363 | |
522,561 | 2.00%, 07/01/2051 | 416,520 | |
698,446 | 2.00%, 10/01/2051 | 562,832 | |
3,815,370 | 2.00%, 03/25/2052(4) | 504,711 | |
24,368 | 2.00%, 04/01/2052 | 19,351 | |
774,699 | 2.03%, 08/25/2044(3)(4) | 34,853 | |
800,230 | 2.25%, 04/01/2033 | 661,272 | |
167,937 | 2.50%, 06/25/2028(4) | 5,682 | |
2,093,763 | 2.50%, 09/01/2040 | 1,827,428 | |
89,297 | 2.50%, 01/01/2043 | 76,605 | |
2,089,105 | 2.50%, 02/01/2043 | 1,791,973 | |
704,434 | 2.50%, 03/01/2043 | 604,350 | |
1,526,078 | 2.50%, 05/01/2043 | 1,296,943 | |
1,212,974 | 2.50%, 06/01/2043 | 1,040,614 | |
674,807 | 2.50%, 04/01/2045 | 577,185 | |
957,191 | 2.50%, 04/01/2050 | 799,666 | |
1,096,620 | 2.50%, 06/01/2050 | 916,155 | |
186,807 | 2.50%, 07/01/2050 | 155,910 | |
1,720,143 | 2.50%, 09/01/2050 | 1,435,641 | |
2,984,370 | 2.50%, 10/01/2050 | 2,514,539 | |
1,269,567 | 2.50%, 01/01/2051 | 1,068,352 | |
3,005,508 | 2.50%, 02/25/2051(4) | 475,661 | |
19,726,681 | 2.50%, 05/01/2051 | 16,492,029 | |
2,481,681 | 2.50%, 06/01/2051 | 2,064,012 | |
1,436,728 | 2.50%, 07/01/2051 | 1,199,363 | |
963,064 | 2.50%, 09/01/2051 | 802,409 | |
6,618,664 | 2.50%, 10/01/2051 | 5,512,123 | |
14,014,170 | 2.50%, 11/01/2051 | 11,785,805 | |
1,687,814 | 2.50%, 12/01/2051 | 1,413,294 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal National Mortgage Association - 14.4% - (continued) | |||
$ 1,629,471 | 2.50%, 01/01/2052 | $ 1,369,164 | |
2,441,695 | 2.50%, 03/01/2052 | 2,033,018 | |
1,694,860 | 2.50%, 04/01/2052 | 1,412,112 | |
3,092,289 | 2.50%, 06/25/2052(4) | 471,944 | |
3,037,393 | 2.50%, 09/25/2052(4) | 472,356 | |
2,168,146 | 2.50%, 01/01/2057 | 1,794,678 | |
85,135 | 3.00%, 02/25/2027(4) | 668 | |
134,291 | 3.00%, 09/25/2027(4) | 4,220 | |
765,135 | 3.00%, 01/25/2028(4) | 22,887 | |
1,746,015 | 3.00%, 04/25/2033(4) | 108,748 | |
506,941 | 3.00%, 08/01/2033 | 479,194 | |
1,264,205 | 3.00%, 03/01/2037 | 1,162,224 | |
1,793,363 | 3.00%, 06/01/2043 | 1,598,529 | |
1,142,161 | 3.00%, 09/01/2048 | 1,005,865 | |
1,178,019 | 3.00%, 08/25/2049 | 1,047,934 | |
167,676 | 3.00%, 12/01/2049 | 146,343 | |
771,774 | 3.00%, 02/01/2050 | 678,413 | |
2,722,359 | 3.00%, 08/01/2050 | 2,375,707 | |
1,107,508 | 3.00%, 10/01/2050 | 963,492 | |
1,512,917 | 3.00%, 12/01/2050 | 1,316,654 | |
491,771 | 3.00%, 04/01/2051 | 427,826 | |
1,433,179 | 3.00%, 05/01/2051 | 1,261,796 | |
281,744 | 3.00%, 06/01/2051 | 243,798 | |
356,000 | 3.00%, 07/01/2051 | 308,629 | |
3,999,111 | 3.00%, 08/01/2051 | 3,473,998 | |
2,670,213 | 3.00%, 09/01/2051 | 2,318,487 | |
4,255,943 | 3.00%, 10/01/2051 | 3,695,459 | |
4,607,211 | 3.00%, 11/01/2051 | 3,991,352 | |
2,131,619 | 3.00%, 12/01/2051 | 1,851,111 | |
983,146 | 3.00%, 01/01/2052 | 853,187 | |
1,145,559 | 3.00%, 04/01/2052 | 996,866 | |
1,431,475 | 3.00%, 05/01/2052 | 1,245,284 | |
135,896 | 3.50%, 05/25/2027(4) | 4,352 | |
229,780 | 3.50%, 10/25/2027(4) | 8,764 | |
373,377 | 3.50%, 05/25/2030(4) | 21,900 | |
99,143 | 3.50%, 08/25/2030(4) | 4,617 | |
101,097 | 3.50%, 02/25/2031(4) | 2,323 | |
302,368 | 3.50%, 09/25/2035(4) | 27,775 | |
1,860,222 | 3.50%, 11/25/2039(4) | 161,242 | |
1,678,000 | 3.50%, 01/25/2042 | 1,516,666 | |
2,145,642 | 3.50%, 08/01/2043 | 1,986,519 | |
637,785 | 3.50%, 10/01/2044 | 584,695 | |
637,079 | 3.50%, 02/01/2045 | 582,718 | |
573,725 | 3.50%, 01/01/2046 | 523,800 | |
433,482 | 3.50%, 03/01/2046 | 396,496 | |
995,031 | 3.50%, 09/01/2046 | 909,010 | |
478,199 | 3.50%, 10/01/2046 | 436,524 | |
357,941 | 3.50%, 10/25/2046(4) | 64,682 | |
533,287 | 3.50%, 11/01/2046 | 488,637 | |
731,738 | 3.50%, 05/01/2047 | 667,971 | |
1,614,980 | 3.50%, 09/01/2047 | 1,475,151 | |
296,752 | 3.50%, 12/01/2047 | 273,637 | |
1,036,748 | 3.50%, 01/01/2048 | 946,366 | |
247,789 | 3.50%, 02/01/2048 | 226,834 | |
1,141,056 | 3.50%, 07/01/2048 | 1,041,613 | |
2,459,184 | 3.50%, 04/01/2052 | 2,229,576 | |
4,105,825 | 3.50%, 09/01/2057 | 3,648,151 | |
2,337,281 | 3.50%, 05/01/2058 | 2,076,712 | |
2,327,835 | 3.50%, 12/25/2058 | 2,072,110 | |
1,620,000 | 3.52%, 11/01/2032 | 1,485,170 | |
103,224 | 4.00%, 06/01/2025 | 101,584 | |
56,313 | 4.00%, 10/01/2025 | 55,583 | |
1,310,688 | 4.00%, 10/01/2040 | 1,243,215 | |
529,882 | 4.00%, 11/01/2040 | 502,586 | |
393,876 | 4.00%, 12/01/2040 | 373,573 | |
191,665 | 4.00%, 02/01/2041 | 181,790 |
48 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal National Mortgage Association - 14.4% - (continued) | |||
$ 533,611 | 4.00%, 03/01/2041 | $ 506,111 | |
1,299,380 | 4.00%, 06/01/2041 | 1,249,712 | |
191,358 | 4.00%, 03/25/2042(4) | 22,341 | |
229,270 | 4.00%, 08/01/2042 | 217,445 | |
503,023 | 4.00%, 09/01/2042 | 477,083 | |
114,917 | 4.00%, 11/25/2042(4) | 10,852 | |
74,691 | 4.00%, 03/01/2045 | 70,827 | |
445,528 | 4.00%, 07/01/2045 | 422,577 | |
285,080 | 4.00%, 03/01/2046 | 270,369 | |
108,266 | 4.00%, 05/01/2046 | 102,590 | |
502,048 | 4.00%, 06/01/2046 | 475,631 | |
506,912 | 4.00%, 04/01/2047 | 480,803 | |
1,241,865 | 4.00%, 10/01/2047 | 1,175,993 | |
3,000,797 | 4.00%, 06/01/2048 | 2,841,581 | |
570,190 | 4.00%, 09/01/2048 | 537,057 | |
367,838 | 4.00%, 01/01/2049 | 348,857 | |
3,288,810 | 4.00%, 04/01/2049 | 3,088,877 | |
127,514 | 4.00%, 08/01/2049 | 120,938 | |
2,288,176 | 4.00%, 04/01/2050 | 2,152,377 | |
371,289 | 4.00%, 08/01/2051 | 352,132 | |
1,532,256 | 4.00%, 06/01/2052 | 1,425,561 | |
1,163,291 | 4.03%, 06/01/2028 | 1,129,840 | |
1,475,000 | 4.19%, 04/01/2028 | 1,443,737 | |
571,672 | 4.37%, 05/01/2028 | 565,264 | |
1,065,000 | 4.41%, 04/01/2030 | 1,045,937 | |
1,380,916 | 4.46%, 05/01/2028 | 1,364,519 | |
21,025 | 4.50%, 04/01/2025 | 20,858 | |
27,123 | 4.50%, 07/25/2027(4) | 289 | |
340,470 | 4.50%, 09/01/2035 | 332,963 | |
1,130,058 | 4.50%, 12/01/2037 | 1,122,079 | |
1,119,433 | 4.50%, 08/01/2040 | 1,098,840 | |
1,080,252 | 4.50%, 10/01/2040 | 1,060,391 | |
528,240 | 4.50%, 10/01/2041 | 518,529 | |
1,259,282 | 4.50%, 08/25/2043(4) | 236,145 | |
452,729 | 4.50%, 09/01/2043 | 444,407 | |
572,128 | 4.50%, 04/01/2049 | 553,926 | |
2,500,372 | 4.50%, 01/01/2051 | 2,426,505 | |
1,789,851 | 4.50%, 03/01/2053 | 1,705,947 | |
380,000 | 4.75%, 04/01/2028 | 378,965 | |
9,773 | 5.00%, 06/01/2025 | 9,762 | |
161,550 | 5.00%, 04/25/2038 | 156,001 | |
1,966,235 | 5.00%, 07/01/2052 | 1,921,406 | |
1,305,198 | 5.00%, 08/01/2052 | 1,275,844 | |
16,016,883 | 5.00%, 09/01/2052 | 15,652,945 | |
2,050,000 | 5.07%, 12/01/2028 | 2,078,419 | |
77,802 | 5.50%, 06/01/2033 | 79,469 | |
63,171 | 5.50%, 08/01/2033 | 64,526 | |
415,217 | 5.50%, 09/01/2033 | 424,116 | |
385,129 | 5.50%, 12/01/2033 | 393,384 | |
262,554 | 5.50%, 01/01/2034 | 268,183 | |
1,434,824 | 5.50%, 11/01/2035 | 1,465,622 | |
397,397 | 5.50%, 04/01/2036 | 405,934 | |
308,395 | 5.50%, 09/01/2036 | 315,003 | |
229,440 | 5.50%, 04/25/2037 | 233,768 | |
1,186,491 | 5.50%, 11/25/2040(4) | 145,362 | |
858,759 | 5.50%, 06/25/2042(4) | 180,523 | |
1,123,995 | 5.50%, 08/25/2044(4) | 193,514 | |
787,586 | 5.50%, 11/01/2052 | 786,077 | |
4,548,664 | 5.50%, 12/01/2052 | 4,541,977 | |
2,376,385 | 5.50%, 06/01/2053 | 2,369,161 | |
25,405 | 5.54%, 05/25/2042(3)(4) | 1,834 | |
178,799 | 6.00%, 12/01/2032 | 183,440 | |
145,708 | 6.00%, 01/01/2033 | 149,659 | |
20,441 | 6.00%, 02/01/2033 | 20,637 | |
137,344 | 6.00%, 03/01/2033 | 140,196 | |
357,207 | 6.00%, 02/01/2037 | 370,208 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Federal National Mortgage Association - 14.4% - (continued) | |||
$ 686,985 | 6.00%, 01/25/2042(4) | $ 53,224 | |
1,383,906 | 6.00%, 05/01/2053 | 1,417,109 | |
133 | 6.50%, 05/01/2031 | 136 | |
481 | 6.50%, 09/01/2031 | 494 | |
489 | 6.50%, 07/01/2032 | 500 | |
2,608,889 | 6.50%, 11/01/2053 | 2,684,849 | |
445 | 7.00%, 07/01/2029 | 459 | |
61 | 7.00%, 12/01/2030 | 63 | |
61 | 7.00%, 03/01/2032 | 63 | |
421 | 7.00%, 09/01/2032 | 434 | |
5,106,256 | 7.00%, 09/01/2053 | 5,266,061 | |
416 | 7.50%, 06/01/2027 | 418 | |
5,508 | 7.50%, 03/01/2030 | 5,561 | |
5,360 | 7.50%, 04/01/2030 | 5,354 | |
513 | 7.50%, 06/01/2030 | 520 | |
957 | 7.50%, 07/01/2030 | 970 | |
282 | 7.50%, 08/01/2030 | 286 | |
2,794 | 7.50%, 05/01/2031 | 2,809 | |
3,682 | 7.50%, 06/01/2031 | 3,657 | |
357 | 7.50%, 08/01/2031 | 360 | |
14,442 | 7.50%, 09/01/2031 | 14,340 | |
33 | 7.50%, 05/01/2032 | 33 | |
253,810,332 | |||
Government National Mortgage Association - 7.5% | |||
2,457,822 | 2.00%, 10/20/2050 | 2,018,077 | |
4,713,325 | 2.00%, 12/20/2050 | 3,870,532 | |
25,195,000 | 2.00%, 04/20/2054(15) | 20,665,774 | |
427,402 | 2.50%, 12/16/2039 | 390,944 | |
819,383 | 2.50%, 07/20/2041 | 719,485 | |
2,616,238 | 2.50%, 10/20/2049 | 2,269,059 | |
1,943,809 | 2.50%, 11/20/2049 | 1,666,289 | |
1,543,441 | 2.50%, 03/20/2051 | 1,318,178 | |
2,199,702 | 2.50%, 09/20/2051 | 1,877,034 | |
7,339,807 | 2.50%, 10/20/2051 | 6,260,102 | |
152,693 | 3.00%, 09/20/2028(4) | 4,876 | |
2,157,020 | 3.00%, 05/20/2035(4) | 119,502 | |
262,515 | 3.00%, 02/16/2043(4) | 36,600 | |
1,401,129 | 3.00%, 03/15/2045 | 1,246,379 | |
66,741 | 3.00%, 04/15/2045 | 59,372 | |
1,179,888 | 3.00%, 07/15/2045 | 1,049,579 | |
24,097 | 3.00%, 08/15/2045 | 21,435 | |
7,413,645 | 3.00%, 04/20/2051 | 6,564,325 | |
2,226,307 | 3.00%, 08/20/2051 | 1,965,318 | |
2,831,400 | 3.00%, 09/20/2051 | 2,502,262 | |
7,240,844 | 3.00%, 12/20/2051 | 6,395,399 | |
1,485,716 | 3.00%, 02/20/2052 | 1,336,087 | |
3,615,805 | 3.00%, 07/20/2052 | 3,191,617 | |
47,351 | 3.50%, 02/16/2027(4) | 1,626 | |
156,053 | 3.50%, 03/20/2027(4) | 4,382 | |
114,366 | 3.50%, 07/20/2040(4) | 2,285 | |
114,200 | 3.50%, 02/20/2041(4) | 1,691 | |
464,879 | 3.50%, 04/20/2042(4) | 17,474 | |
1,450,622 | 3.50%, 10/20/2042(4) | 217,949 | |
178,209 | 3.50%, 11/15/2042 | 166,450 | |
4,333 | 3.50%, 12/15/2042 | 4,041 | |
103,923 | 3.50%, 02/15/2043 | 96,872 | |
5,199 | 3.50%, 03/15/2043 | 4,846 | |
857,107 | 3.50%, 04/15/2043 | 798,918 | |
1,970,787 | 3.50%, 05/15/2043 | 1,837,812 | |
509,866 | 3.50%, 07/20/2043(4) | 78,158 | |
1,058,478 | 3.50%, 03/20/2044 | 982,813 | |
1,363,136 | 3.50%, 06/20/2046 | 1,260,748 | |
346,452 | 3.50%, 07/20/2046 | 320,411 | |
360,968 | 3.50%, 10/20/2046 | 332,781 | |
1,441,918 | 3.50%, 02/20/2047 | 1,332,019 | |
422,936 | 3.50%, 08/20/2047 | 390,400 |
49 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Government National Mortgage Association - 7.5% - (continued) | |||
$ 295,077 | 3.50%, 11/20/2047 | $ 271,799 | |
362,998 | 3.50%, 03/20/2048 | 334,275 | |
1,110,620 | 3.50%, 07/20/2049 | 1,022,539 | |
10,079,000 | 3.50%, 04/20/2054(15) | 9,180,948 | |
857,528 | 3.88%, 08/15/2042 | 816,491 | |
27,469 | 4.00%, 12/16/2026(4) | 130 | |
436,362 | 4.00%, 05/20/2029(4) | 8,378 | |
1,550,925 | 4.00%, 07/20/2040 | 1,492,764 | |
1,713,842 | 4.00%, 09/20/2040 | 1,649,571 | |
2,722,743 | 4.00%, 10/20/2040 | 2,618,660 | |
706,507 | 4.00%, 12/20/2040 | 679,144 | |
148,849 | 4.00%, 05/16/2042(4) | 14,844 | |
2,228,630 | 4.00%, 09/16/2042(4) | 435,338 | |
121,619 | 4.00%, 01/20/2044(4) | 21,922 | |
884,887 | 4.00%, 01/16/2046(4) | 155,933 | |
800,175 | 4.00%, 03/20/2047(4) | 129,222 | |
386,097 | 4.00%, 11/20/2047 | 362,526 | |
1,077,496 | 4.00%, 03/20/2048 | 1,015,468 | |
2,761,346 | 4.00%, 07/20/2048 | 2,605,240 | |
46,491 | 4.50%, 11/15/2039 | 45,181 | |
488,146 | 4.50%, 05/15/2040 | 479,518 | |
1,718,925 | 4.50%, 05/20/2040 | 1,695,928 | |
90,385 | 4.50%, 07/15/2041 | 87,858 | |
1,586,260 | 4.50%, 08/20/2045(4) | 287,668 | |
151,160 | 4.50%, 01/20/2046 | 148,798 | |
1,076,788 | 4.50%, 01/20/2047(4) | 133,747 | |
1,168,230 | 4.50%, 05/20/2048(4) | 183,459 | |
336,623 | 4.50%, 05/20/2052 | 324,155 | |
982,532 | 4.50%, 08/20/2052 | 945,532 | |
899,444 | 4.50%, 09/20/2052 | 865,387 | |
4,043,352 | 4.50%, 10/20/2052 | 3,890,047 | |
1,019,368 | 5.00%, 02/16/2040(4) | 204,728 | |
911,124 | 5.00%, 05/20/2040 | 919,016 | |
721,596 | 5.00%, 06/20/2040 | 727,846 | |
283,298 | 5.00%, 07/20/2040 | 285,752 | |
544,119 | 5.00%, 06/15/2041 | 554,729 | |
572,893 | 5.00%, 10/16/2041(4) | 90,072 | |
764,474 | 5.00%, 03/15/2044 | 780,416 | |
216,403 | 5.00%, 01/16/2047(4) | 47,298 | |
3,701,774 | 5.00%, 07/15/2052 | 3,644,749 | |
450,000 | 5.00%, 04/20/2054(15) | 442,579 | |
199,616 | 5.50%, 03/15/2033 | 204,682 | |
319,731 | 5.50%, 04/15/2033 | 327,844 | |
276,267 | 5.50%, 05/15/2033 | 281,116 | |
413,576 | 5.50%, 10/20/2034 | 426,545 | |
707,553 | 5.50%, 03/20/2039(4) | 103,662 | |
702,096 | 5.50%, 02/16/2047(4) | 108,188 | |
450,389 | 5.50%, 02/20/2047(4) | 74,799 | |
15,100,000 | 5.50%, 04/20/2054(15) | 15,095,546 | |
399 | 6.00%, 01/15/2029 | 404 | |
335 | 6.00%, 04/15/2029 | 338 | |
14,469 | 6.00%, 12/15/2031 | 14,712 | |
346 | 6.00%, 10/15/2032 | 360 | |
9,007 | 6.00%, 06/15/2033 | 9,259 | |
191 | 6.00%, 03/15/2034 | 194 | |
15,770 | 6.00%, 08/15/2034 | 16,352 | |
26,024 | 6.00%, 09/15/2034 | 26,798 | |
17,679 | 6.00%, 02/15/2035 | 18,243 | |
30,851 | 6.00%, 03/15/2036 | 32,123 | |
36,246 | 6.00%, 05/15/2036 | 37,256 | |
79,878 | 6.00%, 06/15/2036 | 82,489 | |
8,720 | 6.00%, 06/15/2037 | 8,942 | |
20,280 | 6.00%, 08/15/2037 | 21,022 | |
30,747 | 6.00%, 08/15/2039 | 31,592 | |
710,789 | 6.00%, 09/20/2040(4) | 122,948 | |
51,970 | 6.00%, 06/15/2041 | 53,618 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 53.6% - (continued) | |||
Mortgage-Backed Agencies - 53.6% - (continued) | |||
Government National Mortgage Association - 7.5% - (continued) | |||
$ 698,577 | 6.00%, 02/20/2046(4) | $ 113,560 | |
11,168 | 6.50%, 06/15/2028 | 11,486 | |
499 | 6.50%, 08/15/2028 | 510 | |
1,327 | 6.50%, 09/15/2028 | 1,354 | |
679 | 6.50%, 11/15/2028 | 695 | |
2,763 | 6.50%, 12/15/2028 | 2,850 | |
5,966 | 6.50%, 02/15/2029 | 6,115 | |
41,509 | 6.50%, 03/15/2029 | 42,542 | |
12,966 | 6.50%, 04/15/2029 | 13,333 | |
4,446 | 6.50%, 05/15/2029 | 4,571 | |
72,171 | 6.50%, 06/15/2029 | 73,915 | |
2,184 | 6.50%, 07/15/2029 | 2,223 | |
90 | 6.50%, 03/15/2031 | 92 | |
70,680 | 6.50%, 04/15/2031 | 72,642 | |
19,759 | 6.50%, 05/15/2031 | 20,391 | |
4,068 | 6.50%, 06/15/2031 | 4,154 | |
84,695 | 6.50%, 07/15/2031 | 87,201 | |
14,231 | 6.50%, 08/15/2031 | 14,619 | |
22,754 | 6.50%, 09/15/2031 | 23,370 | |
38,803 | 6.50%, 10/15/2031 | 39,502 | |
141,587 | 6.50%, 11/15/2031 | 145,519 | |
28,891 | 6.50%, 12/15/2031 | 29,481 | |
58,116 | 6.50%, 01/15/2032 | 60,127 | |
15,175 | 6.50%, 02/15/2032 | 15,774 | |
24,308 | 6.50%, 03/15/2032 | 24,972 | |
89,245 | 6.50%, 04/15/2032 | 91,964 | |
208 | 6.50%, 05/15/2032 | 212 | |
12,389 | 6.50%, 06/15/2032 | 12,612 | |
172 | 7.00%, 02/15/2031 | 173 | |
76 | 7.00%, 06/15/2031 | 77 | |
55 | 7.00%, 08/15/2031 | 55 | |
131,014,679 | |||
Uniform Mortgage-Backed Security - 23.6% | |||
23,200,000 | 2.00%, 04/01/2054(15) | 18,376,909 | |
3,425,000 | 2.50%, 04/01/2039(15) | 3,118,122 | |
12,100,000 | 2.50%, 04/01/2054(15) | 10,013,256 | |
1,010,000 | 3.00%, 04/01/2039(15) | 940,531 | |
2,085,000 | 3.50%, 04/01/2039(15) | 1,982,865 | |
61,541,000 | 4.50%, 04/01/2054(15) | 58,656,235 | |
14,375,000 | 5.00%, 04/01/2054(15) | 14,036,834 | |
79,239,000 | 5.50%, 04/01/2054(15) | 78,900,841 | |
145,315,000 | 6.00%, 04/01/2054(15) | 146,718,041 | |
62,275,000 | 6.00%, 05/01/2054(15) | 62,864,113 | |
1,695,000 | 6.50%, 04/01/2054(15) | 1,732,353 | |
6,270,000 | 7.00%, 04/01/2054(15) | 6,464,343 | |
11,370,000 | 7.00%, 05/01/2054(15) | 11,711,762 | |
415,516,205 | |||
Total U.S. Government Agencies (cost $980,322,809) | $ 942,651,365 | ||
U.S. GOVERNMENT SECURITIES - 14.2% | |||
U.S. Treasury Securities - 14.2% | |||
U.S. Treasury Bonds - 10.9% | |||
24,645,000 | 1.25%, 05/15/2050 | $ 12,633,451 | |
5,115,000 | 1.88%, 11/15/2051 | 3,070,199 | |
7,090,000 | 2.25%, 08/15/2046 | 4,861,081 | |
15,065,000 | 2.25%, 02/15/2052 | 9,929,365 | |
7,860,000 | 2.38%, 11/15/2049 | 5,394,539 | |
90,455,000 | 2.88%, 08/15/2045 | 70,523,100 | |
6,175,000 | 3.00%, 02/15/2047 | 4,865,948 | |
20,715,000 | 3.13%, 08/15/2044(16) | 16,991,964 | |
22,615,000 | 3.38%, 05/15/2044(17) | 19,327,874 | |
35,500,000 | 3.38%, 11/15/2048 | 29,718,770 |
50 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT SECURITIES - 14.2% - (continued) | |||
U.S. Treasury Securities - 14.2% - (continued) | |||
U.S. Treasury Bonds - 10.9% - (continued) | |||
$ 3,565,000 | 3.63%, 08/15/2043 | $ 3,175,914 | |
12,035,000 | 3.63%, 05/15/2053 | 10,593,621 | |
191,085,826 | |||
U.S. Treasury Inflation-Indexed Bonds - 0.8% | |||
22,860,754 | 0.25%, 02/15/2050(18) | 14,475,958 | |
U.S. Treasury Inflation-Indexed Notes - 1.5% | |||
7,074,701 | 0.75%, 07/15/2028(18) | 6,763,939 | |
10,899,568 | 1.38%, 07/15/2033(18) | 10,476,131 | |
8,822,792 | 1.75%, 01/15/2034(18) | 8,723,396 | |
25,963,466 | |||
U.S. Treasury Notes - 1.0% | |||
21,815,000 | 0.63%, 05/15/2030 | 17,631,803 | |
Total U.S. Government Securities (cost $326,381,730) | $ 249,157,053 | ||
COMMON STOCKS - 0.0% | |||
Energy - 0.0% | |||
30,559 | PES Energy Liquidating Trust*(19) | $ — | |
Total Common Stocks (cost $265,121) | $ — | ||
PREFERRED STOCKS - 0.1% | |||
Banks - 0.1% | |||
2,242 | U.S. Bancorp (Preference Shares), 6.58%(8) | $ 1,893,257 | |
Total Preferred Stocks (cost $1,591,820) | $ 1,893,257 | ||
Total Long-Term Investments (cost $2,336,003,521) | $ 2,170,326,028 | ||
SHORT-TERM INVESTMENTS - 0.4% | |||
Repurchase Agreements - 0.4% | |||
6,450,481 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $6,454,294; collateralized by U.S. Treasury Bond at 4.75%, maturing 02/15/2041, with a market value of $6,579,492 | $ 6,450,481 | |
Securities Lending Collateral - 0.0% | |||
136,830 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(20) | 136,830 | |
456,098 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(20) | 456,098 | |
136,829 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(20) | 136,829 | |
136,829 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(20) | 136,829 | |
866,586 | |||
Total Short-Term Investments (cost $7,317,067) | $ 7,317,067 | ||
Total Investments (cost $2,343,320,588) | 123.9% | $ 2,177,643,095 | |
Other Assets and Liabilities | (23.9)% | (419,662,302) | |
Total Net Assets | 100.0% | $ 1,757,980,793 |
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 March 31, 2024, the aggregate value of these securities was $526,127,680, representing 29.9% of net assets. |
(2) | Variable rate securities; the rate reported is the coupon rate in effect at March 31, 2024. Base lending rates may be subject to a floor or cap. |
(3) | Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end. |
(4) | Securities disclosed are interest-only strips. |
(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 March 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
(7) | Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At March 31, 2024, the aggregate value of these securities was $28,312,662, representing 1.6% of net assets. |
(8) | Perpetual maturity security. Maturity date shown is the next call date or final legal maturity date, whichever comes first. |
(9) | Represents entire or partial securities on loan. |
(10) | 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 March 31, 2024. |
(11) | Non-income producing. For long-term debt securities, items identified are in default as to payment of interest and/or principal. |
(12) | Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed. |
51 |
(13) | Securities disclosed are principal-only strips. |
(14) | Security is a zero-coupon bond. |
(15) | Represents or includes a TBA transaction. |
(16) | All, or a portion of the security, was pledged as collateral in connection with futures contracts. As of March 31, 2024, the market value of securities pledged was $2,706,902. |
(17) | All, or a portion of the security, was pledged as collateral in connection with centrally cleared swap contracts. As of March 31, 2024, the market value of securities pledged was $4,577,009. |
(18) | The principal amount for these securities are adjusted for inflation and the interest payments equal a fixed percentage of the inflation-adjusted principal amount. |
(19) | Investment valued using significant unobservable inputs. |
(20) | Current yield as of period end. |
Futures Contracts Outstanding at March 31, 2024 | ||||||||
Description | Number of Contracts | Expiration Date | Current Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||
Long position contracts: | ||||||||
U.S. Treasury 2-Year Note Future | 34 | 06/28/2024 | $ 6,952,469 | $ 2,613 | ||||
U.S. Treasury 5-Year Note Future | 598 | 06/28/2024 | 63,995,344 | 171,470 | ||||
U.S. Treasury 10-Year Note Future | 260 | 06/18/2024 | 28,807,187 | 88,068 | ||||
U.S. Treasury 10-Year Ultra Future | 256 | 06/18/2024 | 29,340,000 | 117,692 | ||||
Total | $ 379,843 | |||||||
Short position contracts: | ||||||||
Euro BUXL 30-Year Bond Future | 39 | 06/06/2024 | $ 5,713,805 | $ (117,646) | ||||
Euro-BUND Future | 105 | 06/06/2024 | 15,109,185 | (119,978) | ||||
Long Gilt Future | 215 | 06/26/2024 | 27,119,938 | (144,396) | ||||
U.S. Treasury Long Bond Future | 135 | 06/18/2024 | 16,259,063 | (183,717) | ||||
U.S. Treasury Ultra Bond Future | 194 | 06/18/2024 | 25,026,000 | (244,607) | ||||
Total | $ (810,344) | |||||||
Total futures contracts | $ (430,501) |
TBA Sale Commitments Outstanding at March 31, 2024 | ||||||||
Description | Principal Amount | Maturity Date | Market Value† | Unrealized Appreciation/ (Depreciation) | ||||
Government National Mortgage Association, 2.50% | $ 10,225,000 | 04/20/2054 | $ (8,718,838) | $ 20,367 | ||||
Government National Mortgage Association, 3.00% | 8,629,000 | 04/20/2054 | (7,617,824) | 9,004 | ||||
Government National Mortgage Association, 4.00% | 11,225,000 | 04/20/2054 | (10,513,914) | 1,931 | ||||
Government National Mortgage Association, 4.50% | 2,250,000 | 04/20/2054 | (2,163,742) | (10,774) | ||||
Uniform Mortgage-Backed Security, 2.00% | 1,100,000 | 04/01/2039 | (975,331) | 3,540 | ||||
Uniform Mortgage-Backed Security, 3.00% | 16,105,000 | 04/01/2054 | (13,870,497) | 75,701 | ||||
Uniform Mortgage-Backed Security, 3.50% | 13,233,000 | 04/01/2054 | (11,855,428) | 94,952 | ||||
Uniform Mortgage-Backed Security, 4.00% | 4,659,000 | 04/01/2054 | (4,318,726) | 24,104 | ||||
Uniform Mortgage-Backed Security, 4.50% | 3,936,000 | 04/01/2039 | (3,876,995) | (2,341) | ||||
Uniform Mortgage-Backed Security, 5.00% | 20,075,000 | 04/01/2054 | (19,602,744) | 19,415 | ||||
Uniform Mortgage-Backed Security, 6.50% | 16,010,000 | 04/01/2054 | (16,362,818) | (28,507) | ||||
Uniform Mortgage-Backed Security, 7.00% | 11,370,000 | 04/01/2054 | (11,722,422) | 8,221 | ||||
Total TBA sale commitments (proceeds receivable $111,814,892) | $ (111,599,279) | $ 215,613 | ||||||
At March 31, 2024, the aggregate market value of TBA Sale Commitments represents (6.3)% of total net assets. |
52 |
Centrally Cleared Interest Rate Swap Contracts Outstanding at March 31, 2024 | |||||||||||||||||
Payments made by Fund | Payments received by Fund | Notional Amount | Expiration Date | Periodic Payment Frequency | Upfront Premiums Paid | Upfront Premiums Received | Value† | Unrealized Appreciation/ (Depreciation) | |||||||||
2.97% Fixed | 12 Mo. USD SOFR | USD | 12,140,000 | 03/15/2053 | Annual | $ 37,801 | $ — | $ 1,434,670 | $ 1,396,869 | ||||||||
2.88% Fixed | 12 Mo. USD SOFR | USD | 3,745,000 | 03/15/2053 | Annual | 42,050 | — | 502,018 | 459,968 | ||||||||
3.25% Fixed | 12 Mo. USD SOFR | USD | 6,235,000 | 06/21/2053 | Annual | — | (66,140) | 520,413 | 586,553 | ||||||||
3.59% Fixed | 12 Mo. USD SOFR | USD | 9,465,000 | 09/20/2053 | Annual | 39,953 | — | 149,987 | 110,034 | ||||||||
Total centrally cleared interest rate swaps contracts | $ 119,804 | $ (66,140) | $ 2,607,088 | $ 2,553,424 |
Foreign Currency Contracts Outstanding at March 31, 2024 | ||||||||||
Amount and Description of Currency to be Purchased | Amount and Description of Currency to be Sold | Counterparty | Settlement Date | Appreciation/ (Depreciation) | ||||||
1,448,000 | EUR | 1,591,196 | USD | NWM | 06/18/2024 | $ (24,021) | ||||
7,947,344 | USD | 40,057,000 | BRL | GSC | 06/20/2024 | 21,569 | ||||
33,634,778 | USD | 30,557,000 | EUR | BNP | 06/20/2024 | 559,998 | ||||
867,921 | USD | 794,000 | EUR | HSBC | 06/20/2024 | 8,498 | ||||
Total foreign currency contracts | $ 566,044 |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Asset & Commercial Mortgage-Backed Securities | $ 362,229,006 | $ — | $ 362,229,006 | $ — | ||||
Corporate Bonds | 527,961,037 | — | 527,961,037 | — | ||||
Foreign Government Obligations | 62,577,218 | — | 62,577,218 | — | ||||
Municipal Bonds | 23,849,519 | — | 23,849,519 | — | ||||
Senior Floating Rate Interests | 7,573 | — | 7,573 | — | ||||
U.S. Government Agencies | 942,651,365 | — | 942,651,365 | — | ||||
U.S. Government Securities | 249,157,053 | — | 249,157,053 | — | ||||
Common Stocks | ||||||||
Energy | — | — | — | — | ||||
Preferred Stocks | 1,893,257 | 1,893,257 | — | — | ||||
Short-Term Investments | 7,317,067 | 866,586 | 6,450,481 | — | ||||
Foreign Currency Contracts(2) | 590,065 | — | 590,065 | — | ||||
Futures Contracts(2) | 379,843 | 379,843 | — | — | ||||
Swaps - Interest Rate(2) | 2,553,424 | — | 2,553,424 | — | ||||
Total | $ 2,181,166,427 | $ 3,139,686 | $ 2,178,026,741 | $ — | ||||
Liabilities | ||||||||
Foreign Currency Contracts(2) | $ (24,021) | $ — | $ (24,021) | $ — | ||||
Futures Contracts(2) | (810,344) | (810,344) | — | — | ||||
TBA Sale Commitments | (111,599,279) | — | (111,599,279) | — | ||||
Total | $ (112,433,644) | $ (810,344) | $ (111,623,300) | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
(2) | Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments. |
53 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% | |||
Asset-Backed - Automobile - 24.8% | |||
Ally Auto Receivables Trust | |||
$ 332,196 | 4.62%, 10/15/2025 | $ 331,940 | |
177,964 | 5.29%, 06/16/2025 | 177,917 | |
2,090,426 | 5.76%, 11/15/2026 | 2,092,161 | |
American Credit Acceptance Receivables Trust | |||
297,759 | 5.45%, 09/14/2026(1) | 297,664 | |
276,702 | 5.89%, 10/13/2026(1) | 276,730 | |
519,924 | 6.00%, 03/12/2027(1) | 520,431 | |
AmeriCredit Automobile Receivables Trust | |||
272,450 | 0.68%, 10/19/2026 | 270,276 | |
1,969,000 | 1.01%, 01/19/2027 | 1,852,621 | |
1,494,665 | 2.45%, 11/18/2026 | 1,469,373 | |
115,916 | 4.20%, 12/18/2025 | 115,759 | |
1,697,502 | 5.84%, 10/19/2026 | 1,698,060 | |
ARI Fleet Lease Trust | |||
365,000 | 5.30%, 11/15/2032(1) | 364,257 | |
1,196,401 | 5.41%, 02/17/2032(1) | 1,193,567 | |
475,000 | 6.05%, 07/15/2032(1) | 478,077 | |
1,052,976 | Bank of America Auto Trust 5.83%, 05/15/2026(1) | 1,053,959 | |
BMW Vehicle Lease Trust | |||
127,576 | 5.27%, 02/25/2025 | 127,544 | |
1,304,557 | 5.95%, 08/25/2025 | 1,306,081 | |
Bridgecrest Lending Auto Securitization Trust | |||
860,000 | 5.82%, 09/15/2026 | 859,745 | |
657,413 | 6.34%, 07/15/2026 | 658,576 | |
Capital One Prime Auto Receivables Trust | |||
1,519,056 | 3.17%, 04/15/2027 | 1,488,330 | |
453,951 | 5.20%, 05/15/2026 | 453,340 | |
CarMax Auto Owner Trust | |||
865,000 | 4.75%, 10/15/2027 | 858,018 | |
396,726 | 5.23%, 01/15/2026 | 396,368 | |
1,070,782 | 5.50%, 06/15/2026 | 1,070,157 | |
1,139,339 | 5.72%, 11/16/2026 | 1,139,936 | |
Carvana Auto Receivables Trust | |||
196,271 | 0.49%, 03/10/2026 | 194,573 | |
270,443 | 0.70%, 01/10/2028 | 259,124 | |
98,648 | 0.83%, 09/11/2028 | 98,162 | |
90,929 | 4.42%, 12/10/2025 | 90,849 | |
956,000 | 5.50%, 08/10/2027(1) | 955,702 | |
1,229,000 | 5.76%, 04/12/2027(1) | 1,229,305 | |
610,000 | 5.77%, 04/12/2027(1) | 610,104 | |
337,341 | 6.09%, 11/10/2026(1) | 337,740 | |
1,543,353 | 6.23%, 01/11/2027(1) | 1,546,930 | |
699,544 | 6.41%, 09/10/2027(1) | 702,365 | |
1,245,000 | Chase Auto Owner Trust 5.48%, 04/26/2027(1) | 1,245,700 | |
Chesapeake Funding II LLC | |||
27,232 | 0.87%, 08/15/2032(1) | 27,164 | |
1,399,246 | 5.65%, 05/15/2035(1) | 1,400,785 | |
274,094 | 5.66%, 04/15/2033, 30 day USD SOFR Average + 0.34%(1)(2) | 273,416 | |
Citizens Auto Receivables Trust | |||
1,495,000 | 5.43%, 10/15/2026(1) | 1,493,773 | |
1,870,511 | 6.09%, 10/15/2026(1) | 1,874,257 | |
CPS Auto Receivables Trust | |||
77,431 | 2.88%, 06/15/2026(1) | 77,330 | |
83,564 | 4.18%, 04/15/2030(1) | 83,421 | |
440,668 | 5.54%, 03/16/2026(1) | 440,528 | |
562,471 | 5.71%, 09/15/2027(1) | 563,778 | |
917,663 | 5.91%, 08/16/2027(1) | 918,160 | |
339,842 | 6.13%, 09/15/2026(1) | 340,248 | |
705,344 | 6.40%, 06/15/2027(1) | 707,408 | |
220,647 | Credit Acceptance Auto Loan Trust 1.00%, 05/15/2030(1) | 219,069 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% - (continued) | |||
Asset-Backed - Automobile - 24.8% - (continued) | |||
$ 78,035 | Donlen Fleet Lease Funding 2 LLC 0.56%, 12/11/2034(1) | $ 77,730 | |
53,043 | Drive Auto Receivables Trust 1.02%, 06/15/2027 | 52,927 | |
DT Auto Owner Trust | |||
1,167,866 | 5.48%, 04/15/2027(1) | 1,166,616 | |
779,264 | 5.88%, 04/15/2027(1) | 779,583 | |
907,323 | 6.29%, 08/16/2027(1) | 909,937 | |
Enterprise Fleet Financing LLC | |||
568,457 | 0.48%, 05/20/2027(1) | 559,052 | |
298,453 | 4.38%, 07/20/2029(1) | 295,270 | |
1,190,000 | 5.23%, 03/20/2030(1) | 1,188,246 | |
801,946 | 5.51%, 01/22/2029(1) | 801,262 | |
1,380,606 | 5.56%, 04/22/2030(1) | 1,382,116 | |
1,234,933 | 5.76%, 10/22/2029(1) | 1,236,902 | |
3,320,000 | 6.40%, 03/20/2030(1) | 3,371,176 | |
28,920 | Enterprise Fleet Funding LLC 0.44%, 12/21/2026(1) | 28,764 | |
Exeter Automobile Receivables Trust | |||
750,000 | 5.60%, 08/17/2026 | 749,360 | |
1,205,000 | 5.70%, 05/15/2026 | 1,205,026 | |
495,000 | 6.04%, 07/15/2026 | 495,277 | |
369,504 | 6.07%, 12/15/2025 | 369,714 | |
242,976 | 6.11%, 09/15/2025 | 243,090 | |
234,217 | FHF Trust 0.83%, 12/15/2026(1) | 227,670 | |
2,035,204 | Fifth Third Auto Trust 5.80%, 11/16/2026 | 2,036,713 | |
First Investors Auto Owner Trust | |||
305,983 | 0.48%, 03/15/2027(1) | 302,545 | |
637,418 | 2.03%, 01/15/2027(1) | 628,796 | |
Flagship Credit Auto Trust | |||
116,552 | 0.36%, 07/15/2027(1) | 115,809 | |
344,733 | 0.81%, 07/17/2026(1) | 341,214 | |
1,061,247 | 5.76%, 04/15/2027(1) | 1,060,602 | |
1,121,933 | 5.89%, 07/15/2027(1) | 1,122,999 | |
Ford Credit Auto Lease Trust | |||
331,730 | 5.19%, 06/15/2025 | 331,619 | |
1,515,000 | 5.24%, 07/15/2026 | 1,512,622 | |
Ford Credit Auto Owner Trust | |||
34,723 | 4.52%, 04/15/2025 | 34,705 | |
597,713 | 5.14%, 03/15/2026 | 596,519 | |
358,142 | 5.37%, 08/15/2025 | 358,074 | |
1,525,919 | 5.57%, 06/15/2026 | 1,526,225 | |
Foursight Capital Automobile Receivables Trust | |||
134,554 | 4.49%, 03/16/2026(1) | 134,458 | |
225,500 | 5.43%, 10/15/2026(1) | 225,268 | |
1,377,460 | 5.99%, 05/15/2028(1) | 1,382,008 | |
GLS Auto Receivables Issuer Trust | |||
79,299 | 3.55%, 01/15/2026(1) | 79,216 | |
195,182 | 4.59%, 05/15/2026(1) | 194,810 | |
2,800,000 | 5.57%, 02/16/2027(1) | 2,797,511 | |
1,047,003 | 5.70%, 01/15/2027(1) | 1,045,021 | |
1,045,003 | 5.98%, 08/17/2026(1) | 1,045,469 | |
1,288,360 | GLS Auto Select Receivables Trust 6.37%, 06/15/2028(1) | 1,297,559 | |
GM Financial Automobile Leasing Trust | |||
1,500,000 | 1.96%, 02/20/2026 | 1,490,401 | |
785,000 | 5.16%, 04/20/2026 | 783,186 | |
205,997 | 5.27%, 06/20/2025 | 205,859 | |
461,565 | 5.44%, 10/20/2025 | 461,284 | |
2,369,877 | 5.58%, 01/20/2026 | 2,369,957 | |
GM Financial Consumer Automobile Receivables Trust | |||
581,869 | 4.60%, 11/17/2025 | 580,865 | |
521,002 | 5.10%, 05/18/2026 | 519,983 | |
445,000 | 5.12%, 02/16/2027 | 443,944 |
54 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% - (continued) | |||
Asset-Backed - Automobile - 24.8% - (continued) | |||
$ 878,255 | 5.19%, 03/16/2026 | $ 877,110 | |
1,084,155 | 5.74%, 09/16/2026 | 1,085,010 | |
2,510,000 | 5.89%, 11/16/2026 | 2,515,963 | |
Honda Auto Receivables Owner Trust | |||
689,808 | 5.41%, 04/15/2026 | 689,243 | |
2,250,000 | 5.87%, 06/22/2026 | 2,257,152 | |
1,490,000 | Huntington Auto Trust 5.50%, 03/15/2027(1) | 1,489,789 | |
Hyundai Auto Lease Securitization Trust | |||
1,585,000 | 5.05%, 01/15/2026(1) | 1,579,996 | |
1,750,000 | 5.15%, 06/15/2026(1) | 1,746,412 | |
203,385 | 5.20%, 04/15/2025(1) | 203,316 | |
1,814,783 | 5.85%, 03/16/2026(1) | 1,818,569 | |
Hyundai Auto Receivables Trust | |||
792,073 | 5.19%, 12/15/2025 | 790,794 | |
1,780,903 | 5.77%, 05/15/2026 | 1,783,088 | |
LAD Auto Receivables Trust | |||
1,085,000 | 5.44%, 11/16/2026(1) | 1,083,354 | |
937,853 | 6.09%, 06/15/2026(1) | 938,561 | |
1,203,899 | Mercedes-Benz Auto Lease Trust 5.24%, 11/17/2025 | 1,202,277 | |
1,065,000 | Mercedes-Benz Auto Receivables Trust 4.51%, 11/15/2027 | 1,054,894 | |
Nissan Auto Lease Trust | |||
2,410,000 | 4.91%, 01/15/2026 | 2,400,974 | |
2,390,000 | 5.11%, 10/15/2026 | 2,382,996 | |
655,119 | 5.74%, 08/15/2025 | 655,423 | |
Nissan Auto Receivables Owner Trust | |||
235,898 | 4.50%, 08/15/2025 | 235,491 | |
696,200 | 5.34%, 02/17/2026 | 695,447 | |
Porsche Financial Auto Securitization Trust | |||
1,023,367 | 5.42%, 12/22/2026(1) | 1,022,827 | |
1,002,916 | 5.88%, 11/23/2026(1) | 1,004,110 | |
Santander Drive Auto Receivables Trust | |||
628,856 | 1.26%, 02/16/2027 | 620,177 | |
180,468 | 5.36%, 05/15/2026 | 180,442 | |
745,000 | 5.71%, 02/16/2027 | 745,339 | |
31,489 | 5.81%, 01/15/2026 | 31,493 | |
313,844 | 6.08%, 08/17/2026 | 314,213 | |
534,920 | 6.08%, 05/17/2027 | 536,312 | |
2,548,471 | 6.18%, 02/16/2027 | 2,553,039 | |
SBNA Auto Lease Trust | |||
1,150,000 | 5.39%, 11/20/2026(1) | 1,150,035 | |
895,000 | 6.27%, 04/20/2026(1) | 898,956 | |
SFS Auto Receivables Securitization Trust | |||
900,000 | 5.35%, 06/21/2027(1) | 898,602 | |
654,962 | 5.89%, 03/22/2027(1) | 655,999 | |
Tesla Auto Lease Trust | |||
950,000 | 5.37%, 06/22/2026(1) | 949,286 | |
723,856 | 5.86%, 08/20/2025(1) | 724,813 | |
1,370,734 | 6.02%, 09/22/2025(1) | 1,374,007 | |
1,930,000 | Tesla Electric Vehicle Trust 5.54%, 12/21/2026(1) | 1,930,893 | |
747,279 | Toyota Auto Receivables Owner Trust 5.28%, 05/15/2026 | 746,350 | |
970,000 | USAA Auto Owner Trust 5.83%, 07/15/2026(1) | 970,978 | |
732,638 | Volkswagen Auto Loan Enhanced Trust 5.50%, 12/21/2026 | 732,464 | |
Westlake Automobile Receivables Trust | |||
1,600,000 | 1.23%, 04/15/2026(1) | 1,564,123 | |
759,304 | 5.51%, 06/15/2026(1) | 758,826 | |
580,000 | 5.62%, 03/15/2027(1) | 579,738 | |
3,255,000 | 5.80%, 02/16/2027(1) | 3,262,586 | |
1,066,519 | 5.89%, 02/16/2027(1) | 1,068,179 | |
1,215,007 | 5.96%, 10/15/2026(1) | 1,215,951 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% - (continued) | |||
Asset-Backed - Automobile - 24.8% - (continued) | |||
$ 270,000 | Westlake Flooring Master Trust 5.43%, 02/15/2028(1) | $ 270,314 | |
Wheels Fleet Lease Funding 1 LLC | |||
1,740,000 | 5.80%, 04/18/2038(1) | 1,741,045 | |
1,000,000 | 6.46%, 08/18/2038(1) | 1,007,921 | |
World Omni Auto Receivables Trust | |||
112,759 | 2.77%, 10/15/2025 | 112,582 | |
616,113 | 5.18%, 07/15/2026 | 615,330 | |
379,610 | 5.25%, 11/16/2026 | 379,077 | |
689,480 | World Omni Automobile Lease Securitization Trust 5.47%, 11/17/2025 | 688,962 | |
World Omni Select Auto Trust | |||
949,984 | 0.53%, 03/15/2027 | 936,991 | |
1,252,960 | 5.92%, 03/15/2027 | 1,254,583 | |
137,388,139 | |||
Commercial Mortgage-Backed Securities - 0.0% | |||
191,526 | BWAY Mortgage Trust 2.81%, 03/10/2033(1) | 187,925 | |
Other Asset-Backed Securities - 9.5% | |||
Affirm Asset Securitization Trust | |||
331,826 | 4.55%, 06/15/2027(1) | 329,099 | |
975,000 | 6.61%, 01/18/2028(1) | 981,021 | |
88,537 | Amur Equipment Finance Receivables IX LLC 0.75%, 11/20/2026(1) | 88,025 | |
471,977 | Amur Equipment Finance Receivables XI LLC 5.30%, 06/21/2028(1) | 470,809 | |
1,035,000 | Amur Equipment Finance Receivables XIII LLC 5.38%, 01/21/2031(1) | 1,035,057 | |
57,020 | Atalaya Equipment Leasing Trust 1.23%, 05/15/2026(1) | 56,757 | |
675,000 | Auxilior Term Funding LLC 6.18%, 12/15/2028(1) | 678,623 | |
BHG Securitization Trust | |||
757,076 | 1.71%, 02/20/2035(1) | 743,889 | |
194,253 | 5.32%, 10/17/2035(1) | 193,597 | |
CCG Receivables Trust | |||
47,139 | 0.30%, 06/14/2027(1) | 46,868 | |
315,443 | 0.54%, 03/14/2029(1) | 307,886 | |
1,574,350 | 3.91%, 07/16/2029(1) | 1,554,563 | |
1,466,070 | 5.82%, 09/16/2030(1) | 1,470,964 | |
39,254 | CFMT LLC 3.17%, 07/25/2054(1)(3) | 38,742 | |
CNH Equipment Trust | |||
1,440,000 | 5.19%, 07/15/2027 | 1,436,962 | |
613,732 | 5.34%, 09/15/2026 | 612,746 | |
702,955 | 5.42%, 07/15/2026 | 702,546 | |
1,600,272 | Daimler Trucks Retail Trust 6.03%, 09/15/2025 | 1,602,177 | |
Dell Equipment Finance Trust | |||
670,863 | 5.84%, 01/22/2029(1) | 671,329 | |
605,000 | 6.10%, 04/23/2029(1) | 606,888 | |
Dext ABS LLC | |||
240,362 | 1.12%, 02/15/2028(1) | 235,855 | |
2,284,065 | 6.56%, 05/15/2034(1) | 2,290,662 | |
832,799 | DLLAA LLC 5.93%, 07/20/2026(1) | 834,285 | |
DLLAD LLC | |||
1,603,486 | 0.64%, 09/21/2026(1) | 1,552,044 | |
1,025,924 | 5.19%, 04/20/2026(1) | 1,023,107 | |
1,353,881 | DLLMT LLC 5.78%, 11/20/2025(1) | 1,353,465 | |
DLLST LLC | |||
401,585 | 3.40%, 01/21/2025(1) | 399,967 | |
640,000 | 5.33%, 01/20/2026(1) | 638,619 | |
69,770 | FCI Funding LLC 1.13%, 04/15/2033(1) | 68,780 | |
1,890,000 | Granite Park Equipment Leasing LLC 6.51%, 05/20/2030(1) | 1,900,941 | |
GreatAmerica Leasing Receivables | |||
1,655,000 | 5.32%, 08/17/2026(1) | 1,652,168 |
55 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% - (continued) | |||
Other Asset-Backed Securities - 9.5% - (continued) | |||
$ 1,105,842 | 5.35%, 02/16/2026(1) | $ 1,103,781 | |
864,507 | GreatAmerica Leasing Receivables Funding LLC 4.92%, 05/15/2025(1) | 862,569 | |
HPEFS Equipment Trust | |||
5 | 3.15%, 09/20/2029(1) | 5 | |
1,340,000 | 5.18%, 05/20/2031(1) | 1,337,443 | |
459,056 | 5.26%, 08/20/2029(1) | 458,667 | |
760,000 | 5.43%, 08/20/2029(1) | 759,390 | |
1,030,000 | 6.04%, 01/21/2031(1) | 1,033,955 | |
John Deere Owner Trust | |||
1,251,147 | 5.28%, 03/16/2026 | 1,248,947 | |
1,900,070 | 5.59%, 06/15/2026 | 1,900,507 | |
Kubota Credit Owner Trust | |||
1,610,000 | 5.39%, 01/15/2027(1) | 1,609,253 | |
624,503 | 5.40%, 02/17/2026(1) | 623,952 | |
2,856,069 | 5.61%, 07/15/2026(1) | 2,856,311 | |
Marlette Funding Trust | |||
102,802 | 5.18%, 11/15/2032(1) | 102,637 | |
777,762 | 6.04%, 06/15/2033(1) | 777,258 | |
699,718 | 6.07%, 04/15/2033(1) | 699,735 | |
884,467 | 6.49%, 09/15/2033(1) | 885,476 | |
MMAF Equipment Finance LLC | |||
27,694 | 2.01%, 12/12/2024(1) | 27,673 | |
2,375,000 | 5.20%, 09/13/2027(1) | 2,368,613 | |
148,506 | 5.57%, 09/09/2025(1) | 148,489 | |
1,582,954 | 5.79%, 11/13/2026(1) | 1,585,322 | |
312,295 | New York City Tax Lien Trust 2.10%, 11/10/2034(1) | 310,424 | |
2,225,000 | PFS Financing Corp. 0.77%, 08/15/2026(1) | 2,183,327 | |
SCF Equipment Leasing LLC | |||
335,189 | 6.24%, 07/20/2028(1) | 335,355 | |
1,935,000 | 6.56%, 01/22/2030(1) | 1,951,175 | |
159,910 | SoFi Consumer Loan Program Trust 5.81%, 05/15/2031(1) | 159,826 | |
1,545,000 | Verizon Master Trust 5.23%, 11/22/2027 | 1,541,561 | |
52,450,092 | |||
Whole Loan Collateral CMO - 3.0% | |||
553,016 | Angel Oak Mortgage Trust 2.53%, 01/26/2065(1)(3) | 510,664 | |
BRAVO Residential Funding Trust | |||
311,510 | 0.94%, 02/25/2049(1)(3) | 272,912 | |
335,174 | 0.97%, 03/25/2060(1)(3) | 312,364 | |
1,052,801 | 1.70%, 04/25/2060(1)(3) | 967,139 | |
170,510 | Bunker Hill Loan Depositary Trust 2.72%, 11/25/2059(1)(4) | 165,546 | |
COLT Mortgage Loan Trust | |||
1,558,643 | 1.11%, 10/25/2066(1)(3) | 1,289,843 | |
405,630 | 1.33%, 10/26/2065(1)(3) | 362,148 | |
1,907,332 | 1.40%, 10/25/2066(1)(3) | 1,560,991 | |
82,850 | 1.51%, 04/27/2065(1)(3) | 78,287 | |
1,032,290 | 1.73%, 11/26/2066(1)(3) | 873,372 | |
1,180,208 | CSMC Trust 3.57%, 07/25/2049(1)(4) | 1,093,427 | |
Ellington Financial Mortgage Trust | |||
413,313 | 0.93%, 06/25/2066(1)(3) | 332,072 | |
50,627 | 2.74%, 11/25/2059(1)(3) | 47,880 | |
GCAT Trust | |||
2,622,424 | 1.26%, 07/25/2066(1)(3) | 2,139,746 | |
584,815 | 1.92%, 08/25/2066(1)(3) | 508,707 | |
MFA Trust | |||
267,076 | 1.01%, 01/26/2065(1)(3) | 243,995 | |
488,398 | 1.03%, 11/25/2064(1)(3) | 420,005 | |
New Residential Mortgage Loan Trust | |||
1,326,613 | 1.16%, 11/27/2056(1)(3) | 1,113,522 |
Shares or Principal Amount | Market Value† | ||
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 37.3% - (continued) | |||
Whole Loan Collateral CMO - 3.0% - (continued) | |||
$ 389,214 | 4.00%, 08/27/2057(1)(3) | $ 368,431 | |
32,301 | OBX Trust 6.09%, 06/25/2057, 1 mo. USD Term SOFR + 0.76%(1)(2) | 31,026 | |
68,304 | Residential Mortgage Loan Trust 2.38%, 01/26/2060(1)(3) | 65,090 | |
1,789,128 | SG Residential Mortgage Trust 1.16%, 07/25/2061(1)(3) | 1,452,994 | |
Starwood Mortgage Residential Trust | |||
242,645 | 0.94%, 05/25/2065(1)(3) | 221,728 | |
33,306 | 2.28%, 02/25/2050(1)(3) | 31,137 | |
Towd Point Mortgage Trust | |||
397,628 | 2.75%, 06/25/2057(1)(3) | 380,624 | |
737,161 | 3.75%, 03/25/2058(1)(3) | 720,060 | |
120,118 | 6.04%, 02/25/2057, 1 mo. USD Term SOFR + 0.71%(1)(2) | 122,054 | |
Verus Securitization Trust | |||
1,086,556 | 1.63%, 10/25/2066(1)(3) | 910,512 | |
120,592 | 3.64%, 11/25/2059(1)(4) | 116,685 | |
196,863 | 3.69%, 11/25/2059(1)(3) | 190,245 | |
16,903,206 | |||
Total Asset & Commercial Mortgage-Backed Securities (cost $209,433,643) | $ 206,929,362 | ||
CORPORATE BONDS - 33.3% | |||
Aerospace/Defense - 0.2% | |||
900,000 | Litton Industries, Inc. 7.75%, 03/15/2026 | $ 935,063 | |
Agriculture - 0.5% | |||
1,700,000 | Cargill, Inc. 3.50%, 04/22/2025(1) | 1,669,412 | |
1,225,000 | Philip Morris International, Inc. 5.13%, 11/15/2024 | 1,222,118 | |
2,891,530 | |||
Auto Manufacturers - 1.2% | |||
1,400,000 | American Honda Finance Corp. 4.95%, 01/09/2026 | 1,397,007 | |
Daimler Truck Finance North America LLC | |||
565,000 | 5.15%, 01/16/2026(1) | 563,023 | |
875,000 | 5.60%, 08/08/2025(1) | 875,658 | |
1,500,000 | General Motors Financial Co., Inc. 5.97%, 10/15/2024, 3 mo. USD SOFR + 0.62%(2) | 1,499,935 | |
1,000,000 | Hyundai Capital America 6.25%, 11/03/2025(1) | 1,010,416 | |
1,225,000 | Mercedes-Benz Finance North America LLC 5.50%, 11/27/2024(1) | 1,224,624 | |
6,570,663 | |||
Beverages - 0.7% | |||
1,725,000 | Constellation Brands, Inc. 3.60%, 05/09/2024 | 1,720,903 | |
730,000 | Diageo Capital PLC 5.20%, 10/24/2025 | 730,685 | |
1,750,000 | JDE Peet's NV 0.80%, 09/24/2024(1) | 1,706,583 | |
4,158,171 | |||
Chemicals - 0.6% | |||
1,700,000 | International Flavors & Fragrances, Inc. 1.23%, 10/01/2025(1) | 1,591,420 | |
1,225,000 | Linde, Inc. 4.80%, 12/05/2024 | 1,220,233 | |
580,000 | Nutrien Ltd. 5.95%, 11/07/2025 | 584,882 | |
3,396,535 | |||
Commercial Banks - 17.2% | |||
1,600,000 | 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)(5) | 1,627,943 |
56 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 33.3% - (continued) | |||
Commercial Banks - 17.2% - (continued) | |||
$ 1,750,000 | ANZ New Zealand International Ltd. 5.96%, 02/18/2025, 3 mo. USD SOFR + 0.60%(1)(2)(6) | $ 1,754,590 | |
1,400,000 | Banco Santander SA 3.89%, 05/24/2024 | 1,396,592 | |
Bank of America Corp. | |||
1,025,000 | 3.84%, 04/25/2025, (3.84% fixed rate until 04/25/2024; 6 mo. USD SOFR + 1.11% thereafter)(5) | 1,023,629 | |
925,000 | 5.08%, 01/20/2027, (5.08% fixed rate until 01/20/2026; 6 mo. USD SOFR + 1.29% thereafter)(5) | 920,537 | |
1,525,000 | 6.04%, 04/22/2025, 3 mo. USD SOFR + 0.69%(2) | 1,525,211 | |
2,000,000 | Bank of America NA 5.65%, 08/18/2025 | 2,012,396 | |
Bank of New York Mellon | |||
430,000 | 5.15%, 05/22/2026, (5.15% fixed rate until 05/22/2025; 6 mo. USD SOFR + 1.07% thereafter)(5) | 429,212 | |
1,000,000 | 5.22%, 11/21/2025, (5.22% fixed rate until 11/21/2024; 6 mo. USD SOFR + 0.80% thereafter)(5) | 998,264 | |
3,675,000 | Bank of Nova Scotia 5.73%, 07/31/2024, 3 mo. USD SOFR + 0.38%(2) | 3,675,978 | |
Banque Federative du Credit Mutuel SA | |||
1,000,000 | 4.52%, 07/13/2025(1)(6) | 990,342 | |
1,250,000 | 4.94%, 01/26/2026(1) | 1,242,203 | |
875,000 | 5.90%, 07/13/2026(1) | 886,550 | |
950,000 | Barclays PLC 7.33%, 11/02/2026, (7.33% fixed rate until 11/02/2025; 1 yr. USD CMT + 3.05% thereafter)(5) | 973,446 | |
1,125,000 | BPCE SA 5.20%, 01/18/2027(1) | 1,127,609 | |
1,400,000 | Citigroup, Inc. 6.05%, 01/25/2026, 3 mo. USD SOFR + 0.69%(2) | 1,401,520 | |
Citizens Bank NA | |||
1,025,000 | 4.12%, 05/23/2025, (4.12% fixed rate until 05/23/2024; 6 mo. USD SOFR + 1.40% thereafter)(5) | 1,021,032 | |
750,000 | 6.06%, 10/24/2025, (6.06% fixed rate until 10/24/2024; 6 mo. USD SOFR + 1.45% thereafter)(5) | 747,051 | |
1,250,000 | Commonwealth Bank of Australia 5.08%, 01/10/2025 | 1,246,851 | |
2,190,000 | Credit Agricole SA 5.59%, 07/05/2026(1) | 2,207,554 | |
750,000 | Credit Suisse AG 4.75%, 08/09/2024 | 747,267 | |
Danske Bank AS | |||
1,180,000 | 6.26%, 09/22/2026, (6.26% fixed rate until 09/22/2025; 1 yr. USD CMT + 1.18% thereafter)(1)(5) | 1,191,593 | |
750,000 | 6.47%, 01/09/2026, (6.47% fixed rate until 01/09/2025; 1 yr. USD CMT + 2.10% thereafter)(1)(5) | 752,914 | |
1,880,000 | Fifth Third Bank NA 5.85%, 10/27/2025, (5.85% fixed rate until 10/27/2024; 6 mo. USD SOFR + 1.23% thereafter)(5) | 1,878,676 | |
Goldman Sachs Group, Inc. | |||
1,250,000 | 5.70%, 11/01/2024 | 1,250,525 | |
1,750,000 | 5.80%, 08/10/2026, (5.80% fixed rate until 08/10/2025; 6 mo. USD SOFR + 1.08% thereafter)(5) | 1,756,032 | |
1,500,000 | 5.86%, 09/10/2024, 3 mo. USD SOFR + 0.50%(2) | 1,500,536 | |
1,250,000 | HSBC Holdings PLC 7.34%, 11/03/2026, (7.34% fixed rate until 11/03/2025; 6 mo. USD SOFR + 3.03% thereafter)(5) | 1,286,250 | |
1,025,000 | HSBC USA, Inc. 3.75%, 05/24/2024 | 1,022,661 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 33.3% - (continued) | |||
Commercial Banks - 17.2% - (continued) | |||
Huntington National Bank | |||
$ 1,175,000 | 4.01%, 05/16/2025, (4.01% fixed rate until 05/16/2024; 6 mo. USD SOFR + 1.21% thereafter)(5) | $ 1,170,599 | |
1,250,000 | 5.70%, 11/18/2025, (5.70% fixed rate until 11/18/2024; 6 mo. USD SOFR + 1.22% thereafter)(5) | 1,242,825 | |
JP Morgan Chase & Co. | |||
1,350,000 | 3.85%, 06/14/2025, (3.85% fixed rate until 06/14/2024; 6 mo. USD SOFR + 0.98% thereafter)(5) | 1,344,160 | |
850,000 | 5.55%, 12/15/2025, (5.55% fixed rate until 12/15/2024; 6 mo. USD SOFR + 1.07% thereafter)(5) | 849,098 | |
2,000,000 | 5.89%, 06/01/2025, 3 mo. USD SOFR + 0.54%(2) | 2,001,128 | |
1,250,000 | KeyBank NA 5.68%, 06/14/2024, 3 mo. USD SOFR + 0.32%(2) | 1,249,999 | |
780,000 | Lloyds Banking Group PLC 5.46%, 01/05/2028, (5.46% fixed rate until 01/05/2027; 1 yr. USD CMT + 1.38% thereafter)(5) | 780,086 | |
Macquarie Group Ltd. | |||
1,500,000 | 6.06%, 10/14/2025, 3 mo. USD SOFR + 0.71%(1)(2) | 1,498,890 | |
1,200,000 | 6.21%, 11/22/2024(1) | 1,203,180 | |
Manufacturers & Traders Trust Co. | |||
2,310,000 | 4.65%, 01/27/2026 | 2,260,232 | |
1,850,000 | 5.40%, 11/21/2025 | 1,833,684 | |
Morgan Stanley | |||
1,350,000 | 3.62%, 04/17/2025, (3.62% fixed rate until 04/17/2024; 6 mo. USD SOFR + 1.16% thereafter)(5) | 1,348,509 | |
1,225,000 | 5.05%, 01/28/2027, (5.05% fixed rate until 01/28/2026; 6 mo. USD SOFR + 1.30% thereafter)(5) | 1,220,598 | |
Morgan Stanley Bank NA | |||
1,250,000 | 4.75%, 04/21/2026 | 1,242,077 | |
1,500,000 | 5.48%, 07/16/2025 | 1,506,040 | |
National Australia Bank Ltd. | |||
1,225,000 | 4.97%, 01/12/2026 | 1,223,605 | |
1,400,000 | 5.73%, 01/12/2025, 3 mo. USD SOFR + 0.38%(1)(2) | 1,401,093 | |
3,725,000 | National Bank of Canada 5.84%, 08/06/2024, 3 mo. USD SOFR + 0.49%(2) | 3,727,460 | |
1,000,000 | National Securities Clearing Corp. 5.15%, 05/30/2025(1) | 1,000,141 | |
1,290,000 | NatWest Markets PLC 5.88%, 08/12/2024, 3 mo. USD SOFR + 0.53%(1)(2) | 1,290,390 | |
PNC Financial Services Group, Inc. | |||
1,325,000 | 3.90%, 04/29/2024 | 1,323,216 | |
1,510,000 | 5.67%, 10/28/2025, (5.67% fixed rate until 10/28/2024; 6 mo. USD SOFR + 1.09% thereafter)(5) | 1,509,836 | |
Royal Bank of Canada | |||
875,000 | 5.20%, 07/20/2026 | 877,960 | |
950,000 | 5.66%, 10/25/2024 | 950,777 | |
1,475,000 | 5.69%, 10/07/2024, 3 mo. USD SOFR + 0.34%(2) | 1,475,657 | |
Societe Generale SA | |||
1,350,000 | 4.35%, 06/13/2025(1)(6) | 1,333,916 | |
925,000 | 6.45%, 01/12/2027, (6.45% fixed rate until 01/12/2026; 1 yr. USD CMT + 2.30% thereafter)(1)(5) | 933,675 |
57 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 33.3% - (continued) | |||
Commercial Banks - 17.2% - (continued) | |||
Standard Chartered PLC | |||
$ 1,225,000 | 6.17%, 01/09/2027, (6.17% fixed rate until 01/09/2026; 1 yr. USD CMT + 2.05% thereafter)(1)(5) | $ 1,236,116 | |
850,000 | 7.78%, 11/16/2025, (7.78% fixed rate until 11/16/2024; 1 yr. USD CMT + 3.10% thereafter)(1)(5) | 859,573 | |
1,500,000 | State Street Corp. 5.75%, 11/04/2026, (5.75% fixed rate until 11/04/2025; 6 mo. USD SOFR + 1.35% thereafter)(5) | 1,510,563 | |
2,200,000 | Sumitomo Mitsui Trust Bank Ltd. 5.80%, 09/16/2024, 3 mo. USD SOFR + 0.44%(1)(2) | 2,201,573 | |
Toronto-Dominion Bank | |||
925,000 | 5.10%, 01/09/2026 | 926,764 | |
2,200,000 | 5.71%, 09/10/2024, 3 mo. USD SOFR + 0.35%(2) | 2,201,163 | |
Truist Financial Corp. | |||
1,500,000 | 5.76%, 06/09/2025, 3 mo. USD SOFR + 0.40%(2) | 1,496,230 | |
1,250,000 | 5.90%, 10/28/2026, (5.90% fixed rate until 10/28/2025; 6 mo. USD SOFR + 1.63% thereafter)(5) | 1,256,522 | |
UBS AG | |||
2,200,000 | 5.80%, 08/09/2024, 3 mo. USD SOFR + 0.45%(1)(2) | 2,201,188 | |
1,400,000 | 5.82%, 01/13/2025, 3 mo. USD SOFR + 0.47%(1)(2) | 1,400,526 | |
Wells Fargo Bank NA | |||
1,700,000 | 4.81%, 01/15/2026 | 1,691,623 | |
1,750,000 | 5.55%, 08/01/2025 | 1,758,541 | |
95,134,177 | |||
Diversified Financial Services - 1.3% | |||
American Express Co. | |||
2,050,000 | 3.38%, 05/03/2024 | 2,045,686 | |
1,300,000 | 3.95%, 08/01/2025 | 1,277,638 | |
1,250,000 | 4.99%, 05/01/2026, (4.99% fixed rate until 05/01/2025; 6 mo. USD SOFR + 1.00% thereafter)(5) | 1,242,630 | |
975,000 | Capital One Financial Corp. 4.99%, 07/24/2026, (4.99% fixed rate until 07/24/2025; 6 mo. USD SOFR + 2.16% thereafter)(5) | 968,706 | |
1,750,000 | Charles Schwab Corp. 5.88%, 08/24/2026 | 1,779,095 | |
7,313,755 | |||
Electric - 2.4% | |||
1,250,000 | American Electric Power Co., Inc. 5.70%, 08/15/2025 | 1,252,296 | |
1,085,000 | Consumers Securitization Funding LLC 5.55%, 03/01/2028 | 1,088,102 | |
1,350,000 | Eversource Energy 4.20%, 06/27/2024 | 1,345,444 | |
500,000 | FirstEnergy Pennsylvania Electric Co. 5.15%, 03/30/2026(1) | 495,946 | |
1,520,000 | Mississippi Power Co. 5.67%, 06/28/2024, 3 mo. USD SOFR + 0.30%(2) | 1,520,121 | |
NextEra Energy Capital Holdings, Inc. | |||
1,500,000 | 4.26%, 09/01/2024 | 1,490,009 | |
980,000 | 5.75%, 09/01/2025 | 983,937 | |
525,000 | 6.05%, 03/01/2025 | 527,041 | |
1,700,000 | Sempra 5.40%, 08/01/2026 | 1,705,885 | |
1,750,000 | Southern California Edison Co. 5.35%, 03/01/2026 | 1,753,098 | |
1,000,000 | Southern Co. 5.15%, 10/06/2025 | 998,521 | |
13,160,400 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 33.3% - (continued) | |||
Gas - 0.2% | |||
$ 1,000,000 | Spire, Inc. 5.30%, 03/01/2026 | $ 999,161 | |
Healthcare - Products - 0.3% | |||
1,550,000 | GE HealthCare Technologies, Inc. 5.55%, 11/15/2024 | 1,548,022 | |
Healthcare - Services - 0.6% | |||
1,580,000 | CommonSpirit Health 2.76%, 10/01/2024 | 1,555,576 | |
545,000 | Elevance Health, Inc. 5.35%, 10/15/2025(6) | 545,293 | |
1,395,000 | UnitedHealth Group, Inc. 5.15%, 10/15/2025 | 1,396,685 | |
3,497,554 | |||
Insurance - 4.4% | |||
Athene Global Funding | |||
980,000 | 5.68%, 02/23/2026(1) | 983,872 | |
3,500,000 | 5.92%, 08/19/2024, 3 mo. USD SOFR + 0.56%(1)(2) | 3,502,136 | |
2,620,000 | 6.06%, 05/24/2024, 3 mo. USD SOFR + 0.70%(1)(2) | 2,621,357 | |
1,625,000 | Brighthouse Financial Global Funding 6.11%, 04/12/2024, 3 mo. USD SOFR + 0.76%(1)(2) | 1,625,149 | |
705,000 | Corebridge Financial, Inc. 3.50%, 04/04/2025 | 690,337 | |
725,000 | Corebridge Global Funding 5.75%, 07/02/2026(1) | 725,951 | |
1,540,000 | Equitable Financial Life Global Funding 5.50%, 12/02/2025(1) | 1,536,741 | |
1,225,000 | Jackson National Life Global Funding 5.50%, 01/09/2026(1) | 1,219,860 | |
1,550,000 | MassMutual Global Funding II 5.71%, 04/12/2024, 3 mo. USD SOFR + 0.36%(1)(2) | 1,550,113 | |
1,225,000 | Metropolitan Life Global Funding I 5.00%, 01/06/2026(1) | 1,221,992 | |
1,350,000 | New York Life Global Funding 3.15%, 06/06/2024(1) | 1,343,801 | |
1,250,000 | Pacific Life Global Funding II 5.50%, 08/28/2026(1) | 1,260,749 | |
Principal Life Global Funding II | |||
2,500,000 | 5.74%, 08/23/2024, 3 mo. USD SOFR + 0.38%(1)(2)(6) | 2,500,338 | |
645,000 | 5.80%, 04/12/2024, 3 mo. USD SOFR + 0.45%(1)(2) | 645,064 | |
Protective Life Global Funding | |||
1,375,000 | 3.22%, 03/28/2025(1) | 1,345,863 | |
1,525,000 | 5.37%, 01/06/2026(1) | 1,528,454 | |
24,301,777 | |||
IT Services - 0.2% | |||
875,000 | Hewlett Packard Enterprise Co. 5.90%, 10/01/2024 | 876,699 | |
Media - 0.2% | |||
1,020,000 | Comcast Corp. 5.25%, 11/07/2025 | 1,024,349 | |
Oil & Gas - 0.6% | |||
1,400,000 | Occidental Petroleum Corp. 5.88%, 09/01/2025 | 1,404,382 | |
1,750,000 | Ovintiv, Inc. 5.65%, 05/15/2025 | 1,750,430 | |
3,154,812 | |||
Pharmaceuticals - 0.5% | |||
460,000 | Bayer U.S. Finance LLC 6.13%, 11/21/2026(1) | 463,978 | |
1,225,000 | CVS Health Corp. 5.00%, 02/20/2026 | 1,220,932 | |
1,050,000 | Pfizer Investment Enterprises Pte. Ltd. 4.65%, 05/19/2025 | 1,043,186 | |
2,728,096 |
58 |
Shares or Principal Amount | Market Value† | ||
CORPORATE BONDS - 33.3% - (continued) | |||
Pipelines - 1.1% | |||
$ 245,000 | Columbia Pipelines Holding Co. LLC 6.06%, 08/15/2026(1) | $ 247,733 | |
350,000 | Energy Transfer LP 4.25%, 04/01/2024 | 350,000 | |
925,000 | Enterprise Products Operating LLC 5.05%, 01/10/2026(6) | 924,553 | |
1,100,000 | Gray Oak Pipeline LLC 2.60%, 10/15/2025(1) | 1,048,796 | |
2,050,000 | ONEOK, Inc. 5.55%, 11/01/2026 | 2,069,506 | |
1,700,000 | Williams Cos., Inc. 5.40%, 03/02/2026 | 1,704,901 | |
6,345,489 | |||
REITS - 0.2% | |||
1,220,000 | Public Storage Operating Co. 5.82%, 04/23/2024, 3 mo. USD SOFR + 0.47%(2) | 1,220,096 | |
Retail - 0.1% | |||
800,000 | AutoZone, Inc. 5.05%, 07/15/2026 | 801,452 | |
Semiconductors - 0.4% | |||
1,120,000 | Analog Devices, Inc. 5.62%, 10/01/2024, 3 mo. USD SOFR + 0.25%(2) | 1,121,050 | |
885,000 | Intel Corp. 4.88%, 02/10/2026 | 882,331 | |
2,003,381 | |||
Software - 0.0% | |||
275,000 | Oracle Corp. 5.80%, 11/10/2025 | 277,319 | |
Telecommunications - 0.2% | |||
455,000 | NTT Finance Corp. 4.14%, 07/26/2024(1) | 452,825 | |
800,000 | Sprint LLC 7.13%, 06/15/2024 | 801,217 | |
1,254,042 | |||
Trucking & Leasing - 0.2% | |||
1,000,000 | Penske Truck Leasing Co. LP/PTL Finance Corp. 5.75%, 05/24/2026(1) | 1,007,439 | |
Total Corporate Bonds (cost $184,592,892) | $ 184,599,982 | ||
U.S. GOVERNMENT AGENCIES - 3.3% | |||
Mortgage-Backed Agencies - 3.3% | |||
Federal Home Loan Banks - 0.3% | |||
1,500,000 | 4.88%, 06/14/2024 | $ 1,498,474 | |
Federal Home Loan Mortgage Corp. - 0.9% | |||
586,509 | 1.00%, 05/15/2041 | 536,750 | |
208,435 | 1.75%, 04/15/2027 | 202,024 | |
40,934 | 3.00%, 05/15/2043 | 40,318 | |
266,215 | 3.50%, 11/15/2025 | 261,679 | |
1,733,867 | 3.50%, 05/15/2026 | 1,702,412 | |
16,609 | 3.50%, 11/15/2042 | 16,535 | |
2,067,314 | 4.00%, 03/15/2037 | 2,024,679 | |
4,784,397 | |||
Federal National Mortgage Association - 1.9% | |||
408,225 | 1.75%, 09/25/2041 | 379,397 | |
2,184,697 | 3.00%, 07/25/2043 | 2,164,322 | |
1,744,501 | 3.06%, 06/25/2024(3) | 1,734,546 | |
731,294 | 3.50%, 08/25/2026 | 718,016 | |
795,352 | 3.50%, 11/01/2034 | 777,955 | |
893,947 | 3.50%, 11/25/2038 | 871,891 | |
986,944 | 4.00%, 09/25/2039 | 969,465 | |
1,459,610 | 4.00%, 07/25/2040 | 1,427,624 | |
1,526,865 | 4.00%, 06/25/2041 | 1,497,114 | |
10,540,330 |
Shares or Principal Amount | Market Value† | ||
U.S. GOVERNMENT AGENCIES - 3.3% - (continued) | |||
Mortgage-Backed Agencies - 3.3% - (continued) | |||
Government National Mortgage Association - 0.2% | |||
$ 342,010 | 2.50%, 09/20/2046 | $ 317,156 | |
930,655 | 3.50%, 01/20/2052 | 904,398 | |
1,221,554 | |||
Total U.S. Government Agencies (cost $18,127,787) | $ 18,044,755 | ||
U.S. GOVERNMENT SECURITIES - 11.0% | |||
U.S. Treasury Securities - 11.0% | |||
U.S. Treasury Notes - 11.0% | |||
10,000,000 | 0.75%, 11/15/2024 | $ 9,728,613 | |
51,250,000 | 2.00%, 04/30/2024 | 51,111,696 | |
Total U.S. Government Securities (cost $60,951,991) | $ 60,840,309 | ||
Total Long-Term Investments (cost $473,106,313) | $ 470,414,408 | ||
SHORT-TERM INVESTMENTS - 15.7% | |||
Commercial Paper - 0.6% | |||
3,100,000 | Australia & New Zealand Banking Group Ltd. 5.41%, 04/22/2024(1)(7) | $ 3,089,928 | |
Repurchase Agreements - 0.3% | |||
1,879,156 | Fixed Income Clearing Corp. Repurchase Agreement dated 03/28/2024 at 5.32%, due on 04/01/2024 with a maturity value of $1,880,267; collateralized by U.S. Treasury Bond at 4.75%, maturing 02/15/2041, with a market value of $1,916,804 | 1,879,156 | |
Securities Lending Collateral - 0.4% | |||
297,453 | Goldman Sachs Financial Square Funds, Government Fund, Institutional Class, 5.21%(8) | 297,453 | |
991,510 | HSBC U.S. Government Money Market Fund, Institutional Class, 5.24%(8) | 991,510 | |
297,453 | Invesco Government & Agency Portfolio, Institutional Class, 5.24%(8) | 297,453 | |
297,453 | Morgan Stanley Institutional Liquidity Funds, Government Portfolio, Institutional Class, 5.22%(8) | 297,453 | |
1,883,869 | |||
U.S. Treasury Securities - 14.4% | |||
U.S. Treasury Bills - 14.4% | |||
4,400,000 | 5.00%, 04/16/2024(7) | 4,390,375 | |
6,000,000 | 5.08%, 04/23/2024(7) | 5,980,860 | |
3,000,000 | 5.10%, 03/20/2025(7) | 2,859,584 | |
5,000,000 | 5.13%, 04/30/2024(7) | 4,979,015 | |
5,000,000 | 5.16%, 05/07/2024(7) | 4,974,000 | |
6,000,000 | 5.19%, 05/21/2024(7) | 5,956,792 | |
5,000,000 | 5.19%, 06/04/2024(7) | 4,954,085 | |
10,000,000 | 5.21%, 05/28/2024(7) | 9,916,887 | |
2,000,000 | 5.24%, 05/23/2024(7) | 1,984,891 | |
2,000,000 | 5.24%, 08/22/2024(7) | 1,959,233 | |
5,000,000 | 5.26%, 05/14/2024(7) | 4,968,497 | |
4,500,000 | 5.28%, 05/30/2024(7) | 4,461,189 | |
10,000,000 | 5.28%, 07/30/2024(7) | 9,827,987 |
59 |
Shares or Principal Amount | Market Value† | ||
SHORT-TERM INVESTMENTS - 15.7% - (continued) | |||
U.S. Treasury Securities - 14.4% - (continued) | |||
U.S. Treasury Bills - 14.4 - (continued) | |||
$ 5,000,000 | 5.28%, 09/26/2024(7) | $ 4,873,463 | |
8,000,000 | 5.29%, 06/25/2024(7) | 7,902,313 | |
79,989,171 | |||
Total Short-Term Investments (cost $86,841,976) | $ 86,842,124 | ||
Total Investments (cost $559,948,289) | 100.6% | $ 557,256,532 | |
Other Assets and Liabilities | (0.6)% | (3,229,924) | |
Total Net Assets | 100.0% | $ 554,026,608 |
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 March 31, 2024, the aggregate value of these securities was $202,835,220, representing 36.6% of net assets. |
(2) | Variable rate securities; the rate reported is the coupon rate in effect at March 31, 2024. Base lending rates may be subject to a floor or cap. |
(3) | Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end. |
(4) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. |
(5) | Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2024. Rate will reset at a future date. Base lending rates may be subject to a floor or cap. |
(6) | Represents entire or partial securities on loan. |
(7) | The rate shown represents current yield to maturity. |
(8) | Current yield as of period end. |
† | For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report. |
Description | Total | Level 1 | Level 2 | Level 3(1) | ||||
Assets | ||||||||
Asset & Commercial Mortgage-Backed Securities | $ 206,929,362 | $ — | $ 206,929,362 | $ — | ||||
Corporate Bonds | 184,599,982 | — | 184,599,982 | — | ||||
U.S. Government Agencies | 18,044,755 | — | 18,044,755 | — | ||||
U.S. Government Securities | 60,840,309 | — | 60,840,309 | — | ||||
Short-Term Investments | 86,842,124 | 1,883,869 | 84,958,255 | — | ||||
Total | $ 557,256,532 | $ 1,883,869 | $ 555,372,663 | $ — |
(1) | For the period ended March 31, 2024, there were no transfers in and out of Level 3. |
60 |
Counterparty Abbreviations: | |
BNP | BNP Paribas Securities Services |
GSC | Goldman Sachs & Co. |
HSBC | Hongkong and Shanghai Banking Corporation |
NWM | NatWest Markets Plc |
Currency Abbreviations: | |
BRL | Brazil Real |
EUR | Euro Member Countries |
USD | United States Dollar |
Index Abbreviations: | |
CMT | Constant Maturity Treasury Index |
ICE | Intercontinental Exchange, Inc. |
MTA | Monthly Treasury Average Index |
S&P | Standard & Poor's |
Municipal Abbreviations: | |
Auth | Authority |
Dev | Development |
GO | General Obligation |
Rev | Revenue |
Other Abbreviations: | |
ACWI | All Country World Index |
ADR | American Depositary Receipt |
ARM | Adjustable Rate Mortgage |
ASA | Allmennaksjeselskap |
BAM | Build America Mutual Assurance Corp. |
CLO | Collateralized Loan Obligation |
CMO | Collateralized Mortgage Obligation |
CVR | Contingent Value Rights |
ETF | Exchange-Traded Fund |
EURIBOR | Euro Interbank Offered Rate |
KGaA | Kommanditgesellschaft Auf Aktien |
MSCI | Morgan Stanley Capital International |
NATL | National Public Finance Guarantee Corp. |
Nyrt | New York REIT Inc |
PT | Perseroan Terbatas |
REIT | Real Estate Investment Trust |
SOFR | Secured Overnight Financing Rate |
ST APPROP | State Appropriation |
TBA | To Be Announced |
61 |