|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4%
|
|||
|
|
Other Asset-Backed Securities - 99.4%
|
||
|
$ 1,000,000
|
720 East CLO IV Ltd. 6.26%, 04/15/2037, 3 mo.
USD Term SOFR + 1.60%(1)(2)
|
$1,004,235
|
|
|
1,000,000
|
720 East CLO Ltd. 6.81%, 10/15/2036, 3 mo. USD
Term SOFR + 2.15%(1)(2)
|
1,002,036
|
|
|
880,000
|
720 East CLO VI Ltd. 0.00%, 01/20/2038, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
880,156
|
|
|
2,000,000
|
AGL CLO 3 Ltd. 6.22%, 01/15/2033, 3 mo. USD
Term SOFR + 1.56%(1)(2)
|
2,002,016
|
|
|
1,000,000
|
AGL CLO 33 Ltd. 6.56%, 07/21/2037, 3 mo. USD
Term SOFR + 1.35%(1)(2)
|
1,001,970
|
|
|
2,000,000
|
Apidos CLO XL Ltd. 6.01%, 07/15/2037, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
2,005,552
|
|
|
300,000
|
Apidos CLO XXIII Ltd. 6.14%, 04/15/2033, 3 mo.
USD Term SOFR + 1.48%(1)(2)
|
300,109
|
|
|
600,000
|
Apidos CLO XXVIII 6.28%, 01/20/2031, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
600,547
|
|
|
1,000,000
|
Apidos CLO XXXIX Ltd. 5.92%, 04/21/2035, 3 mo.
USD Term SOFR + 1.30%(1)(2)
|
1,002,883
|
|
|
3,200,000
|
Ares XXVII CLO Ltd. 6.05%, 10/28/2034, 3 mo.
USD Term SOFR + 1.43%(1)(2)
|
3,206,355
|
|
|
1,000,000
|
Ares XXXIX CLO Ltd. 6.83%, 07/18/2037, 3 mo.
USD Term SOFR + 2.20%(1)(2)
|
1,011,656
|
|
|
1,600,000
|
Assurant CLO I Ltd. 6.06%, 10/20/2034, 3 mo.
USD Term SOFR + 1.44%(1)(2)
|
1,599,642
|
|
|
|
Bain Capital Credit CLO Ltd.
|
|
|
|
1,496,577
|
5.78%, 10/17/2032, 3 mo. USD Term SOFR +
1.13%(1)(2)
|
1,496,576
|
|
|
1,000,000
|
6.03%, 01/22/2035, 3 mo. USD Term SOFR +
1.40%(1)(2)
|
1,001,103
|
|
|
1,000,000
|
6.20%, 10/17/2032, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
1,000,609
|
|
|
2,000,000
|
6.48%, 04/16/2036, 3 mo. USD Term SOFR +
1.83%(1)(2)
|
2,007,398
|
|
|
600,000
|
Ballyrock CLO 21 Ltd. 6.18%, 10/20/2037, 3 mo.
USD Term SOFR + 1.56%(1)(2)
|
600,112
|
|
|
|
Barings CLO Ltd.
|
|
|
|
1,000,000
|
6.09%, 04/15/2036, 3 mo. USD Term SOFR +
1.43%(1)(2)
|
1,000,851
|
|
|
850,000
|
6.45%, 10/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
851,321
|
|
|
290,000
|
6.72%, 01/20/2037, 3 mo. USD Term SOFR +
2.10%(1)(2)
|
292,457
|
|
|
1,000,000
|
Barings Loan Partners CLO Ltd. 3 6.14%,
07/20/2033, 3 mo. USD Term SOFR +
1.52%(1)(2)
|
1,001,722
|
|
|
1,000,000
|
Battalion CLO XIV Ltd. 6.73%, 01/20/2035, 3 mo.
USD Term SOFR + 2.11%(1)(2)
|
1,000,925
|
|
|
2,000,000
|
Benefit Street Partners CLO XV Ltd. 6.05%,
07/15/2037, 3 mo. USD Term SOFR +
1.39%(1)(2)
|
2,004,010
|
|
|
1,100,000
|
BlueMountain CLO Ltd. 6.82%, 11/15/2030, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,100,316
|
|
|
500,000
|
Carlyle U.S. CLO Ltd. 6.08%, 07/15/2034, 3 mo.
USD Term SOFR + 1.42%(1)(2)
|
500,470
|
|
|
1,000,000
|
Cedar Funding X CLO Ltd. 5.98%, 10/20/2032,
3 mo. USD Term SOFR + 1.36%(1)(2)
|
999,750
|
|
|
|
CIFC Funding Ltd.
|
|
|
|
1,000,000
|
5.97%, 04/17/2035, 3 mo. USD Term SOFR +
1.32%(1)(2)
|
999,994
|
|
|
300,000
|
6.07%, 07/15/2036, 3 mo. USD Term SOFR +
1.41%(1)(2)
|
300,187
|
|
|
825,000
|
6.10%, 07/16/2037, 3 mo. USD Term SOFR +
1.45%(1)(2)
|
828,365
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 1,000,000
|
6.17%, 04/21/2037, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
$1,006,440
|
|
|
250,000
|
6.24%, 01/15/2034, 3 mo. USD Term SOFR +
1.58%(1)(2)
|
250,636
|
|
|
1,000,000
|
6.25%, 10/20/2037, 3 mo. USD Term SOFR +
1.60%(1)(2)
|
1,000,171
|
|
|
250,000
|
6.30%, 04/24/2031, 3 mo. USD Term SOFR +
1.66%(1)(2)
|
249,940
|
|
|
1,120,000
|
6.38%, 04/20/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
1,121,072
|
|
|
800,000
|
6.79%, 07/18/2031, 3 mo. USD Term SOFR +
2.16%(1)(2)
|
800,267
|
|
|
1,000,000
|
Danby Park CLO Ltd. 5.98%, 10/21/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
999,976
|
|
|
2,000,000
|
Dryden 43 Senior Loan Fund 5.92%, 04/20/2034,
3 mo. USD Term SOFR + 1.30%(1)(2)
|
2,000,100
|
|
|
250,000
|
Dryden 53 CLO Ltd. 6.32%, 01/15/2031, 3 mo.
USD Term SOFR + 1.66%(1)(2)
|
250,192
|
|
|
1,000,000
|
Dryden 64 CLO Ltd. 6.64%, 04/18/2031, 3 mo.
USD Term SOFR + 2.01%(1)(2)
|
998,960
|
|
|
1,000,000
|
Dryden 68 CLO Ltd. 6.09%, 07/15/2035, 3 mo.
USD Term SOFR + 1.43%(1)(2)
|
1,001,243
|
|
|
1,000,000
|
Dryden 94 CLO Ltd. 6.02%, 10/15/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
1,002,290
|
|
|
1,000,000
|
Elmwood CLO 14 Ltd. 5.94%, 04/20/2035, 3 mo.
USD Term SOFR + 1.32%(1)(2)
|
999,971
|
|
|
1,000,000
|
Elmwood CLO 15 Ltd. 5.97%, 04/22/2035, 3 mo.
USD Term SOFR + 1.34%(1)(2)
|
1,000,766
|
|
|
1,000,000
|
Elmwood CLO 19 Ltd. 6.35%, 10/17/2036, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,008,550
|
|
|
3,000,000
|
Elmwood CLO 23 Ltd. 6.45%, 04/16/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
3,015,495
|
|
|
|
Elmwood CLO II Ltd.
|
|
|
|
1,000,000
|
0.00%, 10/20/2037, 3 mo. USD Term SOFR +
1.35%(1)(2)
|
1,000,000
|
|
|
1,000,000
|
6.03%, 04/20/2034, 3 mo. USD Term SOFR +
1.41%(1)(2)
|
999,750
|
|
|
1,000,000
|
Empower CLO Ltd. 6.23%, 04/25/2037, 3 mo. USD
Term SOFR + 1.60%(1)(2)
|
1,004,648
|
|
|
2,000,000
|
GoldenTree Loan Management U.S. CLO 1 Ltd.
5.90%, 04/20/2034, 3 mo. USD Term SOFR +
1.28%(1)(2)
|
2,002,942
|
|
|
250,000
|
GoldenTree Loan Management U.S. CLO 19 Ltd.
6.12%, 04/20/2037, 3 mo. USD Term SOFR +
1.50%(1)(2)
|
251,336
|
|
|
1,000,000
|
Golub Capital Partners CLO 66B Ltd. 6.58%,
04/25/2036, 3 mo. USD Term SOFR +
1.95%(1)(2)
|
1,009,301
|
|
|
500,000
|
Greenwood Park CLO Ltd. 6.32%, 04/15/2031,
3 mo. USD Term SOFR + 1.66%(1)(2)
|
501,028
|
|
|
2,000,000
|
Invesco CLO Ltd. 6.06%, 07/20/2035, 3 mo. USD
Term SOFR + 1.44%(1)(2)
|
2,008,156
|
|
|
500,000
|
Invesco U.S. CLO Ltd. 6.42%, 04/21/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
500,397
|
|
|
2,000,000
|
Kings Park CLO Ltd. 6.01%, 01/21/2035, 3 mo.
USD Term SOFR + 1.39%(1)(2)
|
2,001,534
|
|
|
1,000,000
|
KKR CLO 24 Ltd. 6.33%, 04/20/2032, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
1,003,027
|
|
|
2,000,000
|
KKR CLO 52 Ltd. 6.55%, 07/16/2036, 3 mo. USD
Term SOFR + 1.90%(1)(2)
|
2,010,982
|
|
|
660,000
|
Madison Park Funding XIX Ltd. 6.23%,
01/22/2037, 3 mo. USD Term SOFR +
1.60%(1)(2)
|
664,468
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 300,000
|
Madison Park Funding XLII Ltd. 6.39%,
11/21/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
$300,204
|
|
|
1,000,000
|
Madison Park Funding XXXVII Ltd. 6.19%,
04/15/2037, 3 mo. USD Term SOFR +
1.53%(1)(2)
|
1,005,800
|
|
|
236,088
|
Magnetite XXV Ltd. 6.09%, 01/25/2032, 3 mo.
USD Term SOFR + 1.46%(1)(2)
|
236,472
|
|
|
|
Oaktree CLO Ltd.
|
|
|
|
500,000
|
6.08%, 07/15/2034, 3 mo. USD Term SOFR +
1.42%(1)(2)
|
500,754
|
|
|
500,000
|
6.56%, 04/15/2036, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
500,461
|
|
|
|
OCP CLO Ltd.
|
|
|
|
995,000
|
6.00%, 10/18/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
997,487
|
|
|
1,000,000
|
6.31%, 07/20/2037, 3 mo. USD Term SOFR +
1.57%(1)(2)
|
1,004,120
|
|
|
850,000
|
6.60%, 07/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
852,984
|
|
|
1,000,000
|
Octagon 60 Ltd. 6.20%, 10/20/2037, 3 mo. USD
Term SOFR + 1.58%(1)(2)
|
1,000,172
|
|
|
635,000
|
Octagon 63 Ltd. 6.33%, 07/20/2037, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
635,698
|
|
|
825,000
|
Octagon 66 Ltd. 6.85%, 11/16/2036, 3 mo. USD
Term SOFR + 1.75%(1)(2)
|
830,666
|
|
|
2,080,000
|
Octagon 67 Ltd. 6.43%, 04/25/2036, 3 mo. USD
Term SOFR + 1.80%(1)(2)
|
2,081,816
|
|
|
250,000
|
Octagon Investment Partners XV Ltd. 6.38%,
07/19/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
250,175
|
|
|
750,000
|
OHA Loan Funding Ltd. 6.32%, 07/20/2037, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
751,696
|
|
|
|
Palmer Square CLO Ltd.
|
|
|
|
850,000
|
6.17%, 07/20/2037, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
853,011
|
|
|
1,250,000
|
6.52%, 01/20/2036, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
1,250,485
|
|
|
1,000,000
|
Rad CLO 25 Ltd. 6.98%, 07/20/2037, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
1,002,178
|
|
|
250,000
|
Regatta XIX Funding Ltd. 5.94%, 04/20/2035,
3 mo. USD Term SOFR + 1.32%(1)(2)
|
250,020
|
|
|
825,000
|
RR 8 Ltd. 6.01%, 07/15/2037, 3 mo. USD Term
SOFR + 1.35%(1)(2)
|
827,411
|
|
|
1,500,000
|
RRX 7 Ltd. 6.01%, 07/15/2035, 3 mo. USD Term
SOFR + 1.36%(1)(2)
|
1,501,186
|
|
|
850,000
|
Symphony CLO 36 Ltd. 5.99%, 10/24/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
854,360
|
|
|
800,000
|
Symphony CLO 38 Ltd. 6.43%, 04/24/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
800,692
|
|
|
1,000,000
|
Texas Debt Capital CLO Ltd. 6.42%, 04/20/2036,
3 mo. USD Term SOFR + 1.80%(1)(2)
|
1,003,640
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 99.4% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 99.4% - (continued)
|
||
|
$ 1,650,000
|
Venture XXX CLO Ltd. 6.62%, 01/15/2031, 3 mo.
USD Term SOFR + 1.96%(1)(2)
|
$1,649,183
|
|
|
|
Voya CLO Ltd.
|
|
|
|
1,000,000
|
6.33%, 10/20/2031, 3 mo. USD Term SOFR +
1.70%(1)(2)
|
999,669
|
|
|
1,000,000
|
7.01%, 04/17/2030, 3 mo. USD Term SOFR +
2.36%(1)(2)
|
1,001,615
|
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $87,150,163)
|
$87,208,916
|
|
|
SHORT-TERM INVESTMENTS - 0.6%
|
|||
|
|
Repurchase Agreements - 0.6%
|
||
|
521,882
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%, due
on 11/01/2024 with a maturity value of
$521,952; collateralized by U.S. Treasury
Note at 0.88%, maturing 06/30/2026, with a
market value of $532,508
|
$521,882
|
|
|
|
Total Short-Term Investments
(cost $521,882)
|
$521,882
|
|
|
|
Total Investments
(cost $87,672,045)
|
100.0
%
|
$87,730,798
|
|
|
Other Assets and Liabilities
|
(0.0
)%
|
(9,113
)
|
|
|
Net Assets
|
100.0
%
|
$87,721,685
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$87,208,916, representing 99.4% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
|
2
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$87,208,916
|
$—
|
$87,208,916
|
$—
|
|
Short-Term Investments
|
521,882
|
—
|
521,882
|
—
|
|
Total
|
$87,730,798
|
$—
|
$87,730,798
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9%
|
|||
|
|
Asset-Backed - Automobile - 1.9%
|
||
|
$ 185,000
|
American Credit Acceptance Receivables Trust
6.09%, 11/12/2027(1)
|
$185,633
|
|
|
206,844
|
ARI Fleet Lease Trust 5.41%, 02/17/2032(1)
|
207,215
|
|
|
|
Avis Budget Rental Car Funding AESOP LLC
|
|
|
|
215,000
|
5.23%, 12/20/2030(1)
|
216,154
|
|
|
185,000
|
5.36%, 06/20/2030(1)
|
187,049
|
|
|
220,000
|
5.90%, 08/21/2028(1)
|
224,433
|
|
|
150,852
|
CPS Auto Receivables Trust 5.91%,
08/16/2027(1)
|
151,192
|
|
|
|
Credit Acceptance Auto Loan Trust
|
|
|
|
190,000
|
5.68%, 03/15/2034(1)
|
191,992
|
|
|
470,000
|
6.11%, 08/15/2034(1)
|
478,323
|
|
|
|
DT Auto Owner Trust
|
|
|
|
140,000
|
5.19%, 10/16/2028(1)
|
140,038
|
|
|
155,000
|
5.41%, 02/15/2029(1)
|
155,315
|
|
|
95,000
|
Enterprise Fleet Financing LLC 5.16%,
09/20/2030(1)
|
96,084
|
|
|
90,000
|
Exeter Automobile Receivables Trust 6.11%,
09/15/2027
|
90,262
|
|
|
|
Flagship Credit Auto Trust
|
|
|
|
259,000
|
4.69%, 07/17/2028(1)
|
258,159
|
|
|
77,000
|
5.05%, 01/18/2028(1)
|
76,890
|
|
|
195,000
|
5.21%, 05/15/2028(1)
|
194,752
|
|
|
560,000
|
Hertz Vehicle Financing III LLC 5.94%,
02/25/2028(1)
|
568,355
|
|
|
445,000
|
OneMain Direct Auto Receivables Trust 5.41%,
11/14/2029(1)
|
448,646
|
|
|
1,327
|
Prestige Auto Receivables Trust 1.62%,
11/16/2026(1)
|
1,325
|
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
160,000
|
4.98%, 02/15/2028
|
160,029
|
|
|
280,000
|
5.61%, 07/17/2028
|
282,298
|
|
|
110,000
|
SBNA Auto Lease Trust 5.24%, 01/22/2029(1)
|
110,604
|
|
|
235,000
|
SFS Auto Receivables Securitization Trust
5.47%, 12/20/2029(1)
|
238,932
|
|
|
|
Tricolor Auto Securitization Trust
|
|
|
|
125
|
6.48%, 08/17/2026(1)
|
124
|
|
|
127,542
|
6.61%, 10/15/2027(1)
|
128,509
|
|
|
|
Westlake Automobile Receivables Trust
|
|
|
|
90,000
|
5.41%, 01/18/2028(1)
|
90,281
|
|
|
400,000
|
6.14%, 03/15/2028(1)
|
403,452
|
|
|
145,000
|
World Omni Auto Receivables Trust 5.03%,
05/15/2029
|
145,627
|
|
|
|
|
|
5,431,673
|
|
|
Asset-Backed - Manufactured Housing - 0.0%
|
||
|
59,540
|
Cascade MH Asset Trust 1.75%, 02/25/2046(1)
|
51,678
|
|
|
|
Asset-Backed - Student Loan - 0.2%
|
||
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
128,237
|
0.97%, 12/16/2069(1)
|
112,250
|
|
|
218,661
|
1.11%, 02/18/2070(1)
|
191,016
|
|
|
275,368
|
5.51%, 10/15/2071(1)
|
277,789
|
|
|
|
|
|
581,055
|
|
|
Commercial Mortgage-Backed Securities - 5.2%
|
||
|
235,000
|
245 Park Avenue Trust 3.51%, 06/05/2037(1)
|
222,632
|
|
|
195,000
|
ARZ Trust 5.77%, 06/11/2029(1)
|
198,371
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
1,828,786
|
1.01%, 05/15/2057(2)(3)
|
140,938
|
|
|
1,159,518
|
1.11%, 09/15/2057(2)(3)
|
94,772
|
|
|
1,007,840
|
1.62%, 02/15/2057(2)(3)
|
105,528
|
|
|
125,000
|
3.66%, 04/15/2055(3)
|
112,938
|
|
|
130,000
|
5.83%, 05/15/2057
|
137,156
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
2,778,347
|
0.57%, 07/15/2056(2)(3)
|
108,910
|
|
|
968,862
|
1.17%, 12/15/2056(2)(3)
|
61,616
|
|
|
558,466
|
1.51%, 01/15/2054(2)(3)
|
39,908
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.2% - (continued)
|
||
|
$ 595,170
|
1.78%, 07/15/2053(2)(3)
|
$32,564
|
|
|
|
BMO Mortgage Trust
|
|
|
|
1,684,506
|
0.86%, 07/15/2057(2)(3)
|
114,555
|
|
|
134,000
|
5.76%, 07/15/2057
|
140,056
|
|
|
675,000
|
BOCA Commercial Mortgage Trust 6.72%,
08/15/2041, 1 mo. USD Term SOFR +
1.92%(1)(4)
|
677,736
|
|
|
310,000
|
BPR Trust 5.36%, 11/05/2029(1)(3)
|
309,996
|
|
|
|
BX Trust
|
|
|
|
630,000
|
5.82%, 10/15/2036, 1 mo. USD Term SOFR +
1.01%(1)(4)
|
625,866
|
|
|
115,000
|
6.89%, 03/15/2041, 1 mo. USD Term SOFR +
2.09%(1)(4)
|
115,359
|
|
|
18,775
|
Citigroup Commercial Mortgage Trust 3.61%,
11/10/2048
|
18,653
|
|
|
|
Commercial Mortgage Trust
|
|
|
|
100,000
|
2.82%, 01/10/2039(1)
|
92,097
|
|
|
35,000
|
3.18%, 02/10/2048
|
34,874
|
|
|
150,000
|
3.31%, 03/10/2048
|
149,066
|
|
|
110,000
|
3.38%, 01/10/2039(1)
|
98,344
|
|
|
250,000
|
6.34%, 08/10/2044(1)
|
257,477
|
|
|
22,533
|
CSAIL Commercial Mortgage Trust 4.36%,
11/15/2051(3)
|
22,293
|
|
|
52,569
|
CSMC Trust 2.26%, 08/15/2037(1)
|
50,545
|
|
|
280,000
|
DBGS Mortgage Trust 4.47%, 10/15/2051
|
268,075
|
|
|
|
DBJPM Mortgage Trust
|
|
|
|
460,006
|
1.70%, 09/15/2053(2)(3)
|
21,801
|
|
|
13,730
|
3.04%, 05/10/2049
|
13,562
|
|
|
120,000
|
DC Trust 5.73%, 04/13/2040(1)(3)
|
120,677
|
|
|
|
FREMF Mortgage Trust
|
|
|
|
295,000
|
3.60%, 04/25/2048(1)(3)
|
293,168
|
|
|
90,000
|
3.73%, 11/25/2049(1)(3)
|
89,653
|
|
|
225,000
|
3.95%, 06/25/2049(1)(3)
|
220,559
|
|
|
565,000
|
GS Mortgage Securities Corp. II 5.31%,
03/10/2041(1)(3)
|
560,972
|
|
|
375,000
|
GS Mortgage Securities Trust 3.44%,
11/10/2049(3)
|
363,759
|
|
|
200,000
|
Hawaii Hotel Trust 6.25%, 05/15/2038, 1 mo.
USD Term SOFR + 1.45%(1)(4)
|
199,687
|
|
|
170,000
|
HIH Trust 6.79%, 10/15/2041, 1 mo. USD Term
SOFR + 1.84%(1)(4)
|
169,787
|
|
|
150,000
|
HTL Commercial Mortgage Trust 5.88%,
05/10/2039(1)(3)
|
151,418
|
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
|
1,097,000
|
2.82%, 08/15/2049
|
1,056,264
|
|
|
390,000
|
5.80%, 10/05/2039(1)(3)
|
394,415
|
|
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
|
19,466
|
3.56%, 12/15/2048
|
19,303
|
|
|
635,000
|
3.58%, 03/17/2049
|
623,624
|
|
|
|
JPMDB Commercial Mortgage Securities Trust
|
|
|
|
44,399
|
2.95%, 06/15/2049
|
43,812
|
|
|
632,000
|
3.14%, 12/15/2049
|
602,761
|
|
|
87,106
|
3.24%, 10/15/2050
|
85,232
|
|
|
145,000
|
LEX Mortgage Trust 4.87%, 10/13/2033(1)(3)
|
142,258
|
|
|
330,000
|
MF1 Ltd. 6.51%, 02/19/2037, 1 mo. USD Term
SOFR + 1.75%(1)(4)
|
324,908
|
|
|
99,166
|
Morgan Stanley Bank of America Merrill Lynch
Trust 3.53%, 12/15/2047
|
98,948
|
|
|
383,182
|
MSWF Commercial Mortgage Trust 0.91%,
12/15/2056(2)(3)
|
24,274
|
|
|
285,000
|
NJ Trust 6.48%, 01/06/2029(1)(3)
|
297,174
|
|
|
100,000
|
ROCK Trust 5.39%, 11/13/2041(1)
|
99,584
|
|
|
50,000
|
SG Commercial Mortgage Securities Trust
2.63%, 03/15/2037(1)
|
47,219
|
|
|
|
4
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.2% - (continued)
|
||
|
$ 705,000
|
SHR Trust 6.75%, 10/15/2041, 1 mo. USD Term
SOFR + 1.95%(1)(4)
|
$705,879
|
|
|
525,000
|
TYSN Mortgage Trust 6.58%, 12/10/2033(1)(3)
|
543,276
|
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
1,594,667
|
1.00%, 08/15/2057(2)(3)
|
122,126
|
|
|
360,000
|
3.15%, 05/15/2048
|
356,925
|
|
|
719,000
|
3.43%, 03/15/2059
|
703,733
|
|
|
16,566
|
3.52%, 12/15/2048
|
16,443
|
|
|
420,000
|
3.64%, 03/15/2050
|
400,148
|
|
|
235,000
|
3.81%, 12/15/2048
|
231,971
|
|
|
|
Wells Fargo NA
|
|
|
|
3,963,081
|
0.63%, 11/15/2062(2)(3)
|
111,975
|
|
|
1,711,275
|
0.82%, 06/15/2057(2)(3)
|
103,894
|
|
|
919,206
|
0.93%, 02/15/2052(2)(3)
|
28,389
|
|
|
992,749
|
1.00%, 02/15/2056(2)(3)
|
58,894
|
|
|
880,923
|
1.00%, 12/15/2056(2)(3)
|
30,905
|
|
|
1,458,393
|
1.32%, 11/15/2053(2)(3)
|
89,565
|
|
|
1,881,000
|
1.35%, 09/15/2034(2)(3)
|
166,880
|
|
|
1,239,646
|
1.76%, 03/15/2063(2)(3)
|
100,357
|
|
|
145,000
|
4.41%, 11/15/2061(3)
|
141,510
|
|
|
355,000
|
5.72%, 06/15/2057
|
371,180
|
|
|
|
|
|
14,579,194
|
|
|
Other Asset-Backed Securities - 6.3%
|
||
|
|
Affirm Asset Securitization Trust
|
|
|
|
530,000
|
4.62%, 09/15/2029(1)
|
525,976
|
|
|
165,000
|
5.61%, 02/15/2029(1)
|
166,202
|
|
|
210,000
|
6.61%, 01/18/2028(1)
|
210,615
|
|
|
305,000
|
Aligned Data Centers Issuer LLC 6.00%,
08/17/2048(1)
|
308,961
|
|
|
205,000
|
AMSR Trust 4.15%, 11/17/2041(1)
|
195,648
|
|
|
220,000
|
Auxilior Term Funding LLC 5.49%, 07/15/2031(1)
|
222,744
|
|
|
400,000
|
Barings CLO Ltd. 6.72%, 01/20/2037, 3 mo.
USD Term SOFR + 2.10%(1)(4)
|
403,388
|
|
|
495,000
|
Battalion CLO 18 Ltd. 6.82%, 03/13/2037, 3 mo.
USD Term SOFR + 2.20%(1)(4)
|
500,010
|
|
|
315,000
|
Benefit Street Partners CLO XXXI Ltd. 6.98%,
04/25/2036, 3 mo. USD Term SOFR +
2.35%(1)(4)
|
317,159
|
|
|
9,186
|
BHG Securitization Trust 0.90%, 10/17/2034(1)
|
9,124
|
|
|
270,000
|
Birch Grove CLO 4 Ltd. 6.46%, 07/15/2037,
3 mo. USD Term SOFR + 1.80%(1)(4)
|
271,160
|
|
|
185,000
|
Blue Owl Asset Leasing Trust LLC 5.05%,
03/15/2029(1)
|
184,998
|
|
|
470,000
|
BlueMountain CLO XXXI Ltd. 6.03%,
04/19/2034, 3 mo. USD Term SOFR +
1.41%(1)(4)
|
470,529
|
|
|
460,000
|
BlueMountain CLO XXXIII Ltd. 6.58%,
11/20/2034, 3 mo. USD Term SOFR +
1.45%(1)(4)
|
460,517
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
94,245
|
1.53%, 03/15/2061(1)
|
88,286
|
|
|
126,765
|
1.69%, 07/15/2060(1)
|
122,791
|
|
|
97,713
|
5.97%, 08/15/2062(1)
|
97,555
|
|
|
221,285
|
Commercial Equipment Finance LLC 5.97%,
07/16/2029(1)
|
223,328
|
|
|
|
DB Master Finance LLC
|
|
|
|
145,875
|
2.79%, 11/20/2051(1)
|
123,767
|
|
|
698,250
|
4.35%, 05/20/2049(1)
|
670,321
|
|
|
160,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
162,269
|
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
|
441,515
|
2.66%, 04/25/2051(1)
|
399,198
|
|
|
432,000
|
3.67%, 10/25/2049(1)
|
400,855
|
|
|
206,800
|
4.12%, 07/25/2047(1)
|
201,230
|
|
|
435,000
|
Elmwood CLO 19 Ltd. 7.05%, 10/17/2036, 3 mo.
USD Term SOFR + 2.40%(1)(4)
|
439,082
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 6.3% - (continued)
|
||
|
$ 295,000
|
Elmwood CLO 23 Ltd. 6.90%, 04/16/2036, 3 mo.
USD Term SOFR + 2.25%(1)(4)
|
$296,469
|
|
|
|
FirstKey Homes Trust
|
|
|
|
153,470
|
4.15%, 05/19/2039(1)
|
150,113
|
|
|
585,698
|
4.25%, 07/17/2039(1)
|
573,647
|
|
|
750,000
|
Galaxy XXIV CLO Ltd. 6.19%, 04/15/2037,
3 mo. USD Term SOFR + 1.54%(1)(4)
|
753,172
|
|
|
250,000
|
Invesco U.S. CLO Ltd. 6.92%, 04/21/2036, 3 mo.
USD Term SOFR + 2.30%(1)(4)
|
251,200
|
|
|
250,000
|
Madison Park Funding LXVII Ltd. 6.14%,
04/25/2037, 3 mo. USD Term SOFR +
1.51%(1)(4)
|
251,251
|
|
|
500,000
|
Neuberger Berman Loan Advisers NBLA CLO
52 Ltd. 5.98%, 10/24/2038, 3 mo. USD Term
SOFR + 1.35%(1)(4)
|
500,000
|
|
|
510,000
|
New Economy Assets Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
466,005
|
|
|
410,000
|
Octagon 61 Ltd. 6.97%, 04/20/2036, 3 mo. USD
Term SOFR + 2.35%(1)(4)
|
410,773
|
|
|
|
Progress Residential Trust
|
|
|
|
400,235
|
1.51%, 10/17/2038(1)
|
379,117
|
|
|
140,595
|
3.20%, 04/17/2039(1)
|
134,864
|
|
|
396,777
|
4.44%, 05/17/2041(1)
|
386,560
|
|
|
104,574
|
4.45%, 06/17/2039(1)
|
103,343
|
|
|
177,717
|
4.75%, 10/27/2039(1)
|
176,368
|
|
|
8,403
|
Regional Management Issuance Trust 2.34%,
10/15/2030(1)
|
8,375
|
|
|
495,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
488,516
|
|
|
635,000
|
RR 23 Ltd. 7.31%, 10/15/2035, 3 mo. USD Term
SOFR + 2.65%(1)(4)
|
637,765
|
|
|
|
SCF Equipment Leasing LLC
|
|
|
|
140,000
|
5.52%, 01/20/2032(1)
|
142,354
|
|
|
310,662
|
6.56%, 01/22/2030(1)
|
315,547
|
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
|
60,000
|
1.89%, 08/25/2045(1)
|
58,376
|
|
|
285,000
|
5.90%, 07/25/2048(1)
|
288,646
|
|
|
130,000
|
5.90%, 03/25/2049(1)
|
131,176
|
|
|
154,612
|
Subway Funding LLC 6.03%, 07/30/2054(1)
|
155,716
|
|
|
75,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
72,318
|
|
|
145,622
|
Sunnova Hestia II Issuer LLC 5.63%,
07/20/2051(1)
|
146,236
|
|
|
350,000
|
Texas Debt Capital CLO Ltd. 6.92%,
04/20/2036, 3 mo. USD Term SOFR +
2.30%(1)(4)
|
351,673
|
|
|
|
Tricon Residential Trust
|
|
|
|
653,459
|
3.86%, 04/17/2039(1)
|
635,088
|
|
|
310,000
|
4.30%, 11/17/2029(1)
|
297,573
|
|
|
515,000
|
Vantage Data Centers Issuer LLC 1.65%,
09/15/2045(1)
|
499,055
|
|
|
330,000
|
VB-S1 Issuer LLC 5.59%, 05/15/2054(1)
|
332,003
|
|
|
390,000
|
Venture 42 CLO Ltd. 6.05%, 04/15/2034, 3 mo.
USD Term SOFR + 1.39%(1)(4)
|
390,326
|
|
|
297,979
|
Wellfleet CLO X Ltd. 6.05%, 07/20/2032, 3 mo.
USD Term SOFR + 1.43%(1)(4)
|
297,905
|
|
|
198,263
|
Wendy's Funding LLC 2.37%, 06/15/2051(1)
|
176,164
|
|
|
531,900
|
Wingstop Funding LLC 2.84%, 12/05/2050(1)
|
493,275
|
|
|
|
|
|
17,926,682
|
|
|
Whole Loan Collateral CMO - 6.3%
|
||
|
|
Angel Oak Mortgage Trust
|
|
|
|
74,825
|
0.91%, 01/25/2066(1)(3)
|
63,946
|
|
|
261,018
|
0.95%, 07/25/2066(1)(3)
|
218,818
|
|
|
34,954
|
0.99%, 04/25/2053(1)(3)
|
32,889
|
|
|
68,081
|
0.99%, 04/25/2066(1)(3)
|
58,061
|
|
|
174,420
|
1.04%, 01/20/2065(1)(3)
|
143,955
|
|
|
126,251
|
1.07%, 05/25/2066(1)(3)
|
107,323
|
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
$ 410,709
|
1.46%, 09/25/2066(1)(3)
|
$340,115
|
|
|
19,880
|
1.47%, 06/25/2065(1)(3)
|
18,707
|
|
|
34,957
|
1.69%, 04/25/2065(1)(3)
|
32,407
|
|
|
192,450
|
1.82%, 11/25/2066(1)(3)
|
167,608
|
|
|
529,978
|
2.88%, 12/25/2066(1)(5)
|
484,820
|
|
|
19,693
|
Arroyo Mortgage Trust 3.81%, 01/25/2049(1)(3)
|
19,007
|
|
|
126,247
|
BINOM Securitization Trust 2.03%,
06/25/2056(1)(3)
|
110,325
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
39,265
|
0.94%, 02/25/2049(1)(3)
|
35,196
|
|
|
48,610
|
0.97%, 03/25/2060(1)(3)
|
46,107
|
|
|
|
Bunker Hill Loan Depositary Trust
|
|
|
|
24,986
|
1.72%, 02/25/2055(1)(3)
|
24,296
|
|
|
16,688
|
2.88%, 07/25/2049(1)(5)
|
16,065
|
|
|
333,208
|
CIM Trust 1.43%, 07/25/2061(1)(3)
|
291,860
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
30,810
|
0.80%, 07/27/2054(1)
|
26,986
|
|
|
109,041
|
0.91%, 06/25/2066(1)(3)
|
91,601
|
|
|
183,753
|
0.92%, 08/25/2066(1)(3)
|
149,698
|
|
|
333,391
|
0.96%, 09/27/2066(1)(3)
|
268,029
|
|
|
419,597
|
1.11%, 10/25/2066(1)(3)
|
348,915
|
|
|
44,482
|
1.33%, 10/26/2065(1)(3)
|
40,147
|
|
|
233,841
|
1.40%, 10/25/2066(1)(3)
|
193,352
|
|
|
18,567
|
1.51%, 04/27/2065(1)(3)
|
17,824
|
|
|
463,794
|
2.28%, 12/27/2066(1)(3)
|
413,383
|
|
|
82,290
|
4.30%, 03/25/2067(1)(3)
|
80,671
|
|
|
218,761
|
COLT Trust 1.39%, 01/25/2065(1)(3)
|
186,023
|
|
|
|
CSMC Trust
|
|
|
|
81,972
|
0.83%, 03/25/2056(1)(3)
|
66,808
|
|
|
164,985
|
0.94%, 05/25/2066(1)(3)
|
136,104
|
|
|
394,687
|
1.17%, 07/25/2066(1)(3)
|
331,914
|
|
|
138,072
|
1.18%, 02/25/2066(1)(3)
|
120,761
|
|
|
211,540
|
1.84%, 10/25/2066(1)(3)
|
184,320
|
|
|
135,988
|
2.00%, 01/25/2060(1)(3)
|
120,249
|
|
|
63,036
|
2.21%, 05/25/2065(1)(5)
|
58,205
|
|
|
531,257
|
2.27%, 11/25/2066(1)(3)
|
469,184
|
|
|
68,318
|
4.09%, 12/27/2060(1)(3)
|
67,452
|
|
|
|
Deephaven Residential Mortgage Trust
|
|
|
|
19,390
|
0.72%, 05/25/2065(1)(3)
|
18,214
|
|
|
44,413
|
0.90%, 04/25/2066(1)(3)
|
39,051
|
|
|
|
Ellington Financial Mortgage Trust
|
|
|
|
26,677
|
0.80%, 02/25/2066(1)(3)
|
22,754
|
|
|
53,177
|
0.93%, 06/25/2066(1)(3)
|
43,682
|
|
|
18,402
|
1.18%, 10/25/2065(1)(3)
|
17,113
|
|
|
299,934
|
1.24%, 09/25/2066(1)(3)
|
240,840
|
|
|
243,376
|
2.21%, 01/25/2067(1)(3)
|
209,245
|
|
|
15,697
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust 2.50%, 08/25/2059
|
14,326
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
94,000
|
6.66%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(4)
|
94,526
|
|
|
334,961
|
8.11%, 09/25/2043, 30 day USD SOFR
Average + 3.25%(1)(4)
|
349,594
|
|
|
|
GCAT Trust
|
|
|
|
87,106
|
0.87%, 01/25/2066(1)(3)
|
72,878
|
|
|
94,608
|
1.04%, 05/25/2066(1)(3)
|
78,555
|
|
|
290,399
|
1.09%, 08/25/2066(1)(3)
|
236,135
|
|
|
415,268
|
1.26%, 07/25/2066(1)(3)
|
338,751
|
|
|
136,884
|
1.92%, 08/25/2066(1)(3)
|
124,946
|
|
|
16,641
|
2.56%, 04/25/2065(1)(5)
|
15,854
|
|
|
7,554
|
3.25%, 01/25/2060(1)(5)
|
7,328
|
|
|
|
Imperial Fund Mortgage Trust
|
|
|
|
155,977
|
1.07%, 09/25/2056(1)(3)
|
128,175
|
|
|
500,376
|
2.09%, 01/25/2057(1)(3)
|
423,103
|
|
|
570,933
|
3.64%, 03/25/2067(1)(5)
|
527,874
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
|
Legacy Mortgage Asset Trust
|
|
|
|
$ 77,092
|
4.65%, 11/25/2060(1)(5)
|
$75,360
|
|
|
68,035
|
4.75%, 04/25/2061(1)(5)
|
66,773
|
|
|
93,790
|
4.75%, 07/25/2061(1)(5)
|
93,348
|
|
|
|
MetLife Securitization Trust
|
|
|
|
33,866
|
3.75%, 03/25/2057(1)(3)
|
32,270
|
|
|
24,030
|
3.75%, 04/25/2058(1)(3)
|
23,496
|
|
|
|
MFA Trust
|
|
|
|
16,826
|
1.01%, 01/26/2065(1)(3)
|
15,613
|
|
|
111,347
|
1.03%, 11/25/2064(1)(3)
|
96,815
|
|
|
47,876
|
1.15%, 04/25/2065(1)(3)
|
43,423
|
|
|
7,976
|
Mill City Mortgage Loan Trust 3.50%,
05/25/2058(1)(3)
|
7,915
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
62,385
|
0.94%, 07/25/2055(1)(3)
|
56,518
|
|
|
36,905
|
0.94%, 10/25/2058(1)(3)
|
35,320
|
|
|
317,940
|
1.16%, 11/27/2056(1)(3)
|
276,184
|
|
|
12,773
|
1.65%, 05/24/2060(1)(3)
|
12,187
|
|
|
480,039
|
2.28%, 04/25/2061(1)(3)
|
415,192
|
|
|
75,439
|
3.50%, 12/25/2057(1)(3)
|
72,451
|
|
|
12,327
|
3.75%, 03/25/2056(1)(3)
|
11,579
|
|
|
33,068
|
3.75%, 11/25/2058(1)(3)
|
31,132
|
|
|
141,502
|
4.00%, 03/25/2057(1)(3)
|
134,578
|
|
|
154,130
|
4.00%, 12/25/2057(1)(3)
|
147,487
|
|
|
195,752
|
NMLT Trust 1.19%, 05/25/2056(1)(3)
|
165,215
|
|
|
|
OBX Trust
|
|
|
|
202,793
|
1.05%, 07/25/2061(1)(3)
|
163,365
|
|
|
132,558
|
1.07%, 02/25/2066(1)(3)
|
116,399
|
|
|
147,243
|
1.96%, 10/25/2061(1)(3)
|
122,983
|
|
|
416,812
|
2.31%, 11/25/2061(1)(3)
|
367,541
|
|
|
|
PRET LLC
|
|
|
|
137,988
|
4.74%, 07/25/2051(1)(5)
|
136,404
|
|
|
411,134
|
4.84%, 09/25/2051(1)(5)
|
403,232
|
|
|
93,688
|
4.87%, 07/25/2051(1)(5)
|
92,760
|
|
|
396,083
|
5.49%, 10/25/2051(1)(5)
|
394,140
|
|
|
164,257
|
Pretium Mortgage Credit Partners LLC 4.99%,
02/25/2061(1)(5)
|
160,984
|
|
|
|
PRPM LLC
|
|
|
|
70,272
|
1.32%, 07/25/2051(1)(5)
|
64,420
|
|
|
176,682
|
4.74%, 09/25/2026(1)(3)
|
174,529
|
|
|
122,252
|
4.79%, 06/25/2026(1)(5)
|
119,678
|
|
|
159,542
|
4.79%, 07/25/2026(1)(5)
|
157,227
|
|
|
184,763
|
4.87%, 04/25/2026(1)(5)
|
180,996
|
|
|
251,660
|
4.87%, 08/25/2026(1)(5)
|
246,771
|
|
|
39,205
|
5.36%, 11/25/2025(1)(5)
|
39,228
|
|
|
338,581
|
5.36%, 10/25/2026(1)(5)
|
336,652
|
|
|
29,381
|
Residential Mortgage Loan Trust 0.86%,
01/25/2065(1)(3)
|
27,896
|
|
|
89,969
|
STAR Trust 1.22%, 05/25/2065(1)(3)
|
83,237
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
30,538
|
0.94%, 05/25/2065(1)(3)
|
28,320
|
|
|
319,098
|
1.16%, 08/25/2056(1)(3)
|
282,778
|
|
|
13,079
|
1.49%, 04/25/2065(1)(3)
|
12,613
|
|
|
316,455
|
1.92%, 11/25/2066(1)(3)
|
272,711
|
|
|
|
Towd Point Mortgage Trust
|
|
|
|
93,705
|
1.75%, 10/25/2060(1)
|
83,717
|
|
|
90,329
|
2.75%, 10/25/2057(1)(3)
|
87,882
|
|
|
36,737
|
2.90%, 10/25/2059(1)(3)
|
34,838
|
|
|
331,510
|
2.92%, 11/30/2060(1)(3)
|
274,824
|
|
|
19,629
|
3.25%, 03/25/2058(1)(3)
|
19,213
|
|
|
147,788
|
3.75%, 03/25/2058(1)(3)
|
142,132
|
|
|
117,750
|
TRK Trust 1.15%, 07/25/2056(1)(3)
|
102,549
|
|
|
|
VCAT LLC
|
|
|
|
2,726
|
4.74%, 05/25/2051(1)(5)
|
2,663
|
|
|
191,910
|
4.87%, 08/25/2051(1)(5)
|
191,077
|
|
|
373,821
|
4.92%, 09/25/2051(1)(5)
|
370,602
|
|
|
6,187
|
5.12%, 03/27/2051(1)(5)
|
6,180
|
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 19.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
|
Verus Securitization Trust
|
|
|
|
$ 56,722
|
0.92%, 02/25/2064(1)(3)
|
$51,391
|
|
|
140,461
|
0.94%, 07/25/2066(1)(3)
|
115,017
|
|
|
590,543
|
1.01%, 09/25/2066(1)(3)
|
495,714
|
|
|
48,770
|
1.03%, 02/25/2066(1)(3)
|
43,395
|
|
|
209,568
|
1.82%, 11/25/2066(1)(3)
|
187,192
|
|
|
449,662
|
1.83%, 10/25/2066(1)(5)
|
396,357
|
|
|
34,288
|
2.22%, 05/25/2065(1)(5)
|
32,683
|
|
|
22,195
|
2.50%, 05/25/2065(1)(5)
|
21,351
|
|
|
326,262
|
2.72%, 01/25/2067(1)(5)
|
296,987
|
|
|
18,345
|
3.69%, 11/25/2059(1)(3)
|
18,043
|
|
|
179,780
|
VOLT CIII LLC 4.99%, 08/25/2051(1)(5)
|
176,760
|
|
|
71,668
|
VOLT XCIII LLC 4.89%, 02/27/2051(1)(5)
|
71,441
|
|
|
60,781
|
VOLT XCIV LLC 5.24%, 02/27/2051(1)(5)
|
60,526
|
|
|
79,447
|
VOLT XCIX LLC 5.12%, 04/25/2051(1)(5)
|
78,682
|
|
|
48,397
|
VOLT XCV LLC 5.24%, 03/27/2051(1)(5)
|
48,037
|
|
|
|
|
|
17,793,048
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $58,727,830)
|
$56,363,330
|
|
|
CORPORATE BONDS - 24.5%
|
|||
|
|
Aerospace/Defense - 0.4%
|
||
|
200,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
$201,872
|
|
|
|
Boeing Co.
|
|
|
|
30,000
|
2.95%, 02/01/2030
|
26,561
|
|
|
45,000
|
3.20%, 03/01/2029
|
41,121
|
|
|
70,000
|
5.15%, 05/01/2030
|
69,086
|
|
|
|
L3Harris Technologies, Inc.
|
|
|
|
115,000
|
5.05%, 06/01/2029
|
115,910
|
|
|
235,000
|
5.35%, 06/01/2034
|
237,762
|
|
|
235,000
|
Northrop Grumman Corp. 5.15%, 05/01/2040
|
229,725
|
|
|
90,000
|
RTX Corp. 5.75%, 11/08/2026
|
91,914
|
|
|
|
|
|
1,013,951
|
|
|
Agriculture - 0.5%
|
||
|
|
BAT Capital Corp.
|
|
|
|
135,000
|
5.83%, 02/20/2031
|
139,268
|
|
|
60,000
|
6.00%, 02/20/2034
|
62,085
|
|
|
|
Cargill, Inc.
|
|
|
|
255,000
|
2.13%, 11/10/2031(1)
|
214,039
|
|
|
110,000
|
4.00%, 06/22/2032(1)
|
104,250
|
|
|
60,000
|
4.75%, 04/24/2033(1)
|
59,282
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
55,000
|
4.75%, 11/01/2031
|
54,129
|
|
|
295,000
|
5.13%, 02/15/2030
|
298,635
|
|
|
135,000
|
5.13%, 02/13/2031
|
136,254
|
|
|
70,000
|
5.63%, 11/17/2029
|
72,609
|
|
|
185,000
|
5.63%, 09/07/2033
|
190,749
|
|
|
|
|
|
1,331,300
|
|
|
Apparel - 0.0%
|
||
|
|
Tapestry, Inc.
|
|
|
|
65,000
|
7.05%, 11/27/2025
|
65,990
|
|
|
34,000
|
7.70%, 11/27/2030
|
34,704
|
|
|
|
|
|
100,694
|
|
|
Auto Manufacturers - 0.2%
|
||
|
245,000
|
Hyundai Capital America 5.50%, 03/30/2026(1)
|
246,835
|
|
|
250,000
|
Mercedes-Benz Finance North America LLC
4.95%, 03/30/2025(1)
|
250,122
|
|
|
|
|
|
496,957
|
|
|
Biotechnology - 0.3%
|
||
|
|
Amgen, Inc.
|
|
|
|
75,000
|
5.25%, 03/02/2033
|
75,774
|
|
|
125,000
|
5.75%, 03/02/2063
|
125,181
|
|
|
115,000
|
CSL Finance PLC 4.25%, 04/27/2032(1)
|
110,229
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Biotechnology - 0.3% - (continued)
|
||
|
$ 105,000
|
Gilead Sciences, Inc. 5.25%, 10/15/2033
|
$107,176
|
|
|
|
Royalty Pharma PLC
|
|
|
|
80,000
|
2.15%, 09/02/2031
|
66,296
|
|
|
415,000
|
2.20%, 09/02/2030
|
354,467
|
|
|
115,000
|
5.15%, 09/02/2029
|
115,698
|
|
|
|
|
|
954,821
|
|
|
Chemicals - 0.4%
|
||
|
|
Celanese U.S. Holdings LLC
|
|
|
|
321,000
|
6.17%, 07/15/2027
|
328,278
|
|
|
125,000
|
6.35%, 11/15/2028
|
129,277
|
|
|
75,000
|
6.70%, 11/15/2033
|
79,735
|
|
|
320,000
|
Nutrien Ltd. 4.90%, 03/27/2028
|
322,317
|
|
|
|
Sherwin-Williams Co.
|
|
|
|
212,000
|
2.30%, 05/15/2030
|
186,014
|
|
|
2,000
|
2.95%, 08/15/2029
|
1,844
|
|
|
|
|
|
1,047,465
|
|
|
Commercial Banks - 6.2%
|
||
|
|
Bank of America Corp.
|
|
|
|
460,000
|
1.92%, 10/24/2031, (1.92% fixed rate until
10/24/2030; 6 mo. USD SOFR + 1.37%
thereafter)(6)
|
385,513
|
|
|
165,000
|
2.48%, 09/21/2036, (2.48% fixed rate until
09/21/2031; 5 yr. USD CMT + 1.20%
thereafter)(6)
|
135,340
|
|
|
150,000
|
2.59%, 04/29/2031, (2.59% fixed rate until
04/29/2030; 6 mo. USD SOFR + 2.15%
thereafter)(6)
|
132,542
|
|
|
1,000,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(6)
|
867,185
|
|
|
589,000
|
3.97%, 02/07/2030, (3.97% fixed rate until
02/07/2029; 3 mo. USD Term SOFR +
1.47% thereafter)(6)
|
566,858
|
|
|
195,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
193,542
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
65,000
|
4.98%, 03/14/2030, (4.98% fixed rate until
03/14/2029; 6 mo. USD SOFR + 1.09%
thereafter)(6)
|
65,471
|
|
|
110,000
|
5.06%, 07/22/2032, (5.06% fixed rate until
07/22/2031; 6 mo. USD SOFR + 1.23%
thereafter)(6)
|
110,454
|
|
|
190,000
|
5.19%, 03/14/2035, (5.19% fixed rate until
03/14/2034; 6 mo. USD SOFR + 1.42%
thereafter)(6)
|
190,586
|
|
|
155,000
|
6.32%, 10/25/2029, (6.32% fixed rate until
10/25/2028; 6 mo. USD SOFR + 1.60%
thereafter)(6)
|
163,639
|
|
|
|
Barclays PLC
|
|
|
|
205,000
|
4.94%, 09/10/2030, (4.94% fixed rate until
09/10/2029; 6 mo. USD SOFR + 1.56%
thereafter)(6)
|
202,699
|
|
|
310,000
|
5.69%, 03/12/2030, (5.69% fixed rate until
03/12/2029; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
315,510
|
|
|
210,000
|
BNP Paribas SA 5.34%, 06/12/2029, (5.34%
fixed rate until 06/12/2028; 1 yr. USD CMT +
1.50% thereafter)(1)(6)
|
212,600
|
|
|
|
BPCE SA
|
|
|
|
250,000
|
2.05%, 10/19/2027, (2.05% fixed rate until
10/19/2026; 6 mo. USD SOFR + 1.09%
thereafter)(1)(6)
|
235,825
|
|
|
|
7
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
$ 500,000
|
6.51%, 01/18/2035, (6.51% fixed rate until
01/18/2034; 6 mo. USD SOFR + 2.79%
thereafter)(1)(6)
|
$513,639
|
|
|
585,000
|
6.71%, 10/19/2029, (6.71% fixed rate until
10/19/2028; 6 mo. USD SOFR + 2.27%
thereafter)(1)(6)
|
615,183
|
|
|
250,000
|
CaixaBank SA 6.68%, 09/13/2027, (6.68% fixed
rate until 09/13/2026; 6 mo. USD SOFR +
2.08% thereafter)(1)(6)
|
257,523
|
|
|
140,000
|
Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed
rate until 02/13/2029; 6 mo. USD SOFR +
1.36% thereafter)(6)
|
140,941
|
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
190,000
|
5.72%, 07/23/2032, (5.72% fixed rate until
07/23/2031; 6 mo. USD SOFR + 1.91%
thereafter)(6)
|
191,799
|
|
|
230,000
|
5.84%, 01/23/2030, (5.84% fixed rate until
01/23/2029; 6 mo. USD SOFR + 2.01%
thereafter)(6)
|
234,876
|
|
|
50,000
|
6.65%, 04/25/2035, (6.65% fixed rate until
04/25/2034; 6 mo. USD SOFR + 2.33%
thereafter)(6)
|
53,364
|
|
|
35,000
|
Comerica, Inc. 5.98%, 01/30/2030, (5.98% fixed
rate until 01/30/2029; 6 mo. USD SOFR +
2.16% thereafter)(6)
|
35,460
|
|
|
405,000
|
Credit Agricole SA 5.34%, 01/10/2030, (5.34%
fixed rate until 01/10/2029; 6 mo. USD SOFR
+ 1.69% thereafter)(1)(6)
|
408,931
|
|
|
200,000
|
Danske Bank AS 6.26%, 09/22/2026, (6.26%
fixed rate until 09/22/2025; 1 yr. USD CMT +
1.18% thereafter)(1)(6)
|
202,107
|
|
|
|
Deutsche Bank AG
|
|
|
|
150,000
|
5.40%, 09/11/2035, (5.40% fixed rate until
09/11/2034; 6 mo. USD SOFR + 2.05%
thereafter)(6)
|
145,628
|
|
|
150,000
|
5.41%, 05/10/2029
|
152,248
|
|
|
35,000
|
Fifth Third Bancorp 6.34%, 07/27/2029, (6.34%
fixed rate until 07/27/2028; 6 mo. USD SOFR
+ 2.34% thereafter)(6)
|
36,522
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
75,000
|
1.99%, 01/27/2032, (1.99% fixed rate until
01/27/2031; 6 mo. USD SOFR + 1.09%
thereafter)(6)
|
62,562
|
|
|
140,000
|
2.38%, 07/21/2032, (2.38% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.25%
thereafter)(6)
|
118,011
|
|
|
106,000
|
2.60%, 02/07/2030
|
94,734
|
|
|
315,000
|
2.62%, 04/22/2032, (2.62% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.28%
thereafter)(6)
|
271,174
|
|
|
50,000
|
3.80%, 03/15/2030
|
47,316
|
|
|
210,000
|
4.69%, 10/23/2030, (4.69% fixed rate until
10/23/2029; 6 mo. USD SOFR + 1.14%
thereafter)(6)
|
207,254
|
|
|
115,000
|
5.02%, 10/23/2035, (5.02% fixed rate until
10/23/2034; 6 mo. USD SOFR + 1.42%
thereafter)(6)
|
112,287
|
|
|
275,000
|
5.05%, 07/23/2030, (5.05% fixed rate until
07/23/2029; 6 mo. USD SOFR + 1.21%
thereafter)(6)
|
275,635
|
|
|
215,000
|
5.73%, 04/25/2030, (5.73% fixed rate until
04/25/2029; 6 mo. USD SOFR + 1.27%
thereafter)(6)
|
221,047
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
|
HSBC Holdings PLC
|
|
|
|
$ 230,000
|
2.21%, 08/17/2029, (2.21% fixed rate until
08/17/2028; 6 mo. USD SOFR + 1.29%
thereafter)(6)
|
$207,130
|
|
|
205,000
|
4.58%, 06/19/2029, (4.58% fixed rate until
06/19/2028; 3 mo. USD Term SOFR +
1.80% thereafter)(6)
|
201,582
|
|
|
490,000
|
5.73%, 05/17/2032, (5.73% fixed rate until
05/17/2031; 6 mo. USD SOFR + 1.52%
thereafter)(6)
|
502,227
|
|
|
210,000
|
Intesa Sanpaolo SpA 7.80%, 11/28/2053(1)
|
241,583
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
224,000
|
1.95%, 02/04/2032, (1.95% fixed rate until
02/04/2031; 6 mo. USD SOFR + 1.07%
thereafter)(6)
|
187,375
|
|
|
320,000
|
2.55%, 11/08/2032, (2.55% fixed rate until
11/08/2031; 6 mo. USD SOFR + 1.18%
thereafter)(6)
|
273,022
|
|
|
70,000
|
2.58%, 04/22/2032, (2.58% fixed rate until
04/22/2031; 3 mo. USD Term SOFR +
1.25% thereafter)(6)
|
60,654
|
|
|
275,000
|
4.51%, 10/22/2028, (4.51% fixed rate until
10/22/2027; 6 mo. USD SOFR + 0.86%
thereafter)(6)
|
273,057
|
|
|
200,000
|
4.91%, 07/25/2033, (4.91% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.08%
thereafter)(6)
|
198,019
|
|
|
45,000
|
4.95%, 10/22/2035, (4.95% fixed rate until
10/22/2034; 6 mo. USD SOFR + 1.34%
thereafter)(6)
|
44,108
|
|
|
275,000
|
5.00%, 07/22/2030, (5.00% fixed rate until
07/22/2029; 6 mo. USD SOFR + 1.13%
thereafter)(6)
|
275,884
|
|
|
265,000
|
5.29%, 07/22/2035, (5.29% fixed rate until
07/22/2034; 6 mo. USD SOFR + 1.46%
thereafter)(6)
|
266,481
|
|
|
370,000
|
5.34%, 01/23/2035, (5.34% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.62%
thereafter)(6)
|
373,189
|
|
|
200,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(6)
|
205,154
|
|
|
130,000
|
6.07%, 10/22/2027, (6.07% fixed rate until
10/22/2026; 6 mo. USD SOFR + 1.33%
thereafter)(6)
|
133,325
|
|
|
215,000
|
6.09%, 10/23/2029, (6.09% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.57%
thereafter)(6)
|
224,264
|
|
|
30,000
|
M&T Bank Corp. 7.41%, 10/30/2029, (7.41%
fixed rate until 10/30/2028; 6 mo. USD SOFR
+ 2.80% thereafter)(6)
|
32,296
|
|
|
250,000
|
Manufacturers & Traders Trust Co. 4.70%,
01/27/2028
|
247,692
|
|
|
|
Morgan Stanley
|
|
|
|
242,000
|
1.79%, 02/13/2032, (1.79% fixed rate until
02/13/2031; 6 mo. USD SOFR + 1.03%
thereafter)(6)
|
199,463
|
|
|
45,000
|
1.93%, 04/28/2032, (1.93% fixed rate until
04/28/2031; 6 mo. USD SOFR + 1.02%
thereafter)(6)
|
37,175
|
|
|
87,000
|
2.19%, 04/28/2026, (2.19% fixed rate until
04/28/2025; 6 mo. USD SOFR + 1.99%
thereafter)(6)
|
85,778
|
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Banks - 6.2% - (continued)
|
||
|
$ 307,000
|
2.70%, 01/22/2031, (2.70% fixed rate until
01/22/2030; 6 mo. USD SOFR + 1.14%
thereafter)(6)
|
$274,672
|
|
|
141,000
|
3.97%, 07/22/2038(3)
|
122,690
|
|
|
50,000
|
5.45%, 07/20/2029, (5.45% fixed rate until
07/20/2028; 6 mo. USD SOFR + 1.63%
thereafter)(6)
|
50,965
|
|
|
235,000
|
5.66%, 04/18/2030, (5.66% fixed rate until
04/18/2029; 6 mo. USD SOFR + 1.26%
thereafter)(6)
|
241,240
|
|
|
245,000
|
NatWest Group PLC 5.85%, 03/02/2027, (5.85%
fixed rate until 03/02/2026; 1 yr. USD CMT +
1.35% thereafter)(6)
|
247,865
|
|
|
245,000
|
Norinchukin Bank 5.43%, 03/09/2028(1)(7)
|
248,435
|
|
|
200,000
|
PNC Financial Services Group, Inc. 4.81%,
10/21/2032, (4.81% fixed rate until
10/21/2031; 6 mo. USD SOFR + 1.26%
thereafter)(6)
|
196,082
|
|
|
495,000
|
Societe Generale SA 6.07%, 01/19/2035,
(6.07% fixed rate until 01/19/2034; 1 yr. USD
CMT + 2.10% thereafter)(1)(6)
|
500,717
|
|
|
200,000
|
Standard Chartered PLC 5.01%, 10/15/2030,
(5.01% fixed rate until 10/15/2029; 1 yr. USD
CMT + 1.15% thereafter)(1)(6)
|
197,627
|
|
|
|
UBS Group AG
|
|
|
|
250,000
|
3.09%, 05/14/2032, (3.09% fixed rate until
05/14/2031; 6 mo. USD SOFR + 1.73%
thereafter)(1)(6)
|
220,408
|
|
|
200,000
|
6.25%, 09/22/2029, (6.25% fixed rate until
09/22/2028; 1 yr. USD CMT + 1.80%
thereafter)(1)(6)
|
208,832
|
|
|
530,000
|
6.54%, 08/12/2033, (6.54% fixed rate until
08/12/2032; 6 mo. USD SOFR + 3.92%
thereafter)(1)(6)
|
569,259
|
|
|
|
Wells Fargo & Co.
|
|
|
|
300,000
|
2.88%, 10/30/2030, (2.88% fixed rate until
10/30/2029; 3 mo. USD Term SOFR +
1.43% thereafter)(6)
|
271,969
|
|
|
210,000
|
3.35%, 03/02/2033, (3.35% fixed rate until
03/02/2032; 6 mo. USD SOFR + 1.50%
thereafter)(6)
|
186,593
|
|
|
70,000
|
4.54%, 08/15/2026, (4.54% fixed rate until
08/15/2025; 6 mo. USD SOFR + 1.56%
thereafter)(6)
|
69,717
|
|
|
260,000
|
4.90%, 07/25/2033, (4.90% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.10%
thereafter)(6)
|
255,114
|
|
|
211,000
|
5.01%, 04/04/2051, (5.01% fixed rate until
04/04/2050; 3 mo. USD Term SOFR +
4.50% thereafter)(6)
|
197,158
|
|
|
140,000
|
5.50%, 01/23/2035, (5.50% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.78%
thereafter)(6)
|
141,992
|
|
|
500,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(6)
|
510,602
|
|
|
150,000
|
6.30%, 10/23/2029, (6.30% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.79%
thereafter)(6)
|
157,191
|
|
|
120,000
|
6.49%, 10/23/2034, (6.49% fixed rate until
10/23/2033; 6 mo. USD SOFR + 2.06%
thereafter)(6)
|
129,664
|
|
|
|
|
|
17,444,255
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Commercial Services - 0.0%
|
||
|
|
Howard University
|
|
|
|
$ 100,000
|
2.90%, 10/01/2031
|
$84,934
|
|
|
70,000
|
3.48%, 10/01/2041
|
52,161
|
|
|
|
|
|
137,095
|
|
|
Construction Materials - 0.0%
|
||
|
45,000
|
Trane Technologies Financing Ltd. 5.10%,
06/13/2034
|
45,501
|
|
|
|
Diversified Financial Services - 0.4%
|
||
|
95,000
|
BlackRock Funding, Inc. 4.90%, 01/08/2035
|
94,820
|
|
|
|
Capital One Financial Corp.
|
|
|
|
105,000
|
1.88%, 11/02/2027, (1.88% fixed rate until
11/02/2026; 6 mo. USD SOFR + 0.86%
thereafter)(6)
|
98,990
|
|
|
140,000
|
3.27%, 03/01/2030, (3.27% fixed rate until
03/01/2029; 6 mo. USD SOFR + 1.79%
thereafter)(6)
|
129,812
|
|
|
65,000
|
5.25%, 07/26/2030, (5.25% fixed rate until
07/26/2029; 6 mo. USD SOFR + 2.60%
thereafter)(6)
|
65,005
|
|
|
460,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(6)
|
511,168
|
|
|
140,000
|
Discover Financial Services 7.96%, 11/02/2034,
(7.96% fixed rate until 11/02/2033; 6 mo.
USD SOFR + 3.37% thereafter)(6)
|
160,858
|
|
|
|
|
|
1,060,653
|
|
|
Electric - 4.1%
|
||
|
|
Alabama Power Co.
|
|
|
|
100,000
|
3.45%, 10/01/2049
|
73,175
|
|
|
42,000
|
4.15%, 08/15/2044
|
35,398
|
|
|
|
Arizona Public Service Co.
|
|
|
|
110,000
|
5.55%, 08/01/2033
|
111,430
|
|
|
30,000
|
6.35%, 12/15/2032
|
32,205
|
|
|
155,000
|
Baltimore Gas & Electric Co. 5.65%, 06/01/2054
|
159,714
|
|
|
|
CenterPoint Energy, Inc.
|
|
|
|
250,000
|
5.25%, 08/10/2026
|
251,828
|
|
|
225,000
|
5.40%, 06/01/2029
|
229,152
|
|
|
65,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
58,251
|
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
195,000
|
3.20%, 12/01/2051
|
133,348
|
|
|
85,000
|
5.70%, 05/15/2054
|
87,869
|
|
|
10,000
|
Dominion Energy, Inc. 6.30%, 03/15/2033
|
10,712
|
|
|
35,000
|
Duke Energy Carolinas LLC 3.55%, 03/15/2052
|
25,666
|
|
|
|
Duke Energy Corp.
|
|
|
|
95,000
|
2.45%, 06/01/2030
|
83,523
|
|
|
775,000
|
2.55%, 06/15/2031
|
666,252
|
|
|
70,000
|
3.50%, 06/15/2051
|
48,926
|
|
|
120,000
|
3.75%, 09/01/2046
|
90,198
|
|
|
25,000
|
5.00%, 08/15/2052
|
22,567
|
|
|
60,000
|
5.80%, 06/15/2054
|
60,149
|
|
|
82,000
|
Duke Energy Indiana LLC 3.25%, 10/01/2049
|
57,301
|
|
|
170,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
170,755
|
|
|
|
Edison International
|
|
|
|
95,000
|
4.13%, 03/15/2028
|
92,776
|
|
|
10,000
|
5.25%, 11/15/2028
|
10,073
|
|
|
120,000
|
5.25%, 03/15/2032
|
119,921
|
|
|
60,000
|
6.95%, 11/15/2029
|
64,871
|
|
|
234,000
|
Evergy, Inc. 2.90%, 09/15/2029
|
213,442
|
|
|
|
Eversource Energy
|
|
|
|
445,000
|
5.13%, 05/15/2033
|
439,019
|
|
|
245,000
|
5.45%, 03/01/2028
|
249,874
|
|
|
125,000
|
5.50%, 01/01/2034
|
125,878
|
|
|
70,000
|
FirstEnergy Corp. 3.90%, 07/15/2027(5)
|
68,325
|
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Electric - 4.1% - (continued)
|
||
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
|
$ 27,000
|
5.15%, 03/30/2026(1)
|
$27,018
|
|
|
15,000
|
5.20%, 04/01/2028(1)
|
15,113
|
|
|
250,000
|
Florida Power & Light Co. 4.63%, 05/15/2030
|
249,544
|
|
|
|
Georgia Power Co.
|
|
|
|
71,000
|
4.30%, 03/15/2042
|
61,892
|
|
|
240,000
|
4.65%, 05/16/2028
|
240,257
|
|
|
55,000
|
4.70%, 05/15/2032
|
54,446
|
|
|
147,000
|
ITC Holdings Corp. 2.95%, 05/14/2030(1)
|
132,345
|
|
|
70,000
|
Monongahela Power Co. 5.85%, 02/15/2034(1)
|
72,172
|
|
|
295,000
|
National Grid PLC 5.60%, 06/12/2028
|
301,966
|
|
|
554,000
|
NextEra Energy Capital Holdings, Inc. 2.25%,
06/01/2030
|
482,411
|
|
|
90,000
|
NSTAR Electric Co. 5.40%, 06/01/2034
|
91,960
|
|
|
|
Oglethorpe Power Corp.
|
|
|
|
184,000
|
5.05%, 10/01/2048
|
167,599
|
|
|
25,000
|
5.25%, 09/01/2050
|
23,233
|
|
|
25,000
|
5.80%, 06/01/2054(1)
|
25,447
|
|
|
115,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
116,389
|
|
|
225,000
|
Ohio Power Co. 5.00%, 06/01/2033
|
222,019
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
755,000
|
2.50%, 02/01/2031
|
647,686
|
|
|
175,000
|
3.25%, 06/01/2031
|
156,187
|
|
|
260,000
|
4.55%, 07/01/2030
|
252,402
|
|
|
215,000
|
5.45%, 06/15/2027
|
217,969
|
|
|
140,000
|
6.10%, 01/15/2029
|
145,367
|
|
|
95,000
|
6.15%, 01/15/2033
|
99,408
|
|
|
175,000
|
6.40%, 06/15/2033
|
186,236
|
|
|
105,000
|
Public Service Electric & Gas Co. 5.45%,
03/01/2054
|
106,607
|
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
50,000
|
5.45%, 04/01/2034
|
50,566
|
|
|
95,000
|
6.13%, 10/15/2033
|
100,558
|
|
|
|
Puget Energy, Inc.
|
|
|
|
699,000
|
3.65%, 05/15/2025
|
692,816
|
|
|
60,000
|
4.22%, 03/15/2032
|
55,011
|
|
|
|
Southern California Edison Co.
|
|
|
|
77,000
|
2.25%, 06/01/2030
|
67,433
|
|
|
75,000
|
2.75%, 02/01/2032
|
64,957
|
|
|
216,000
|
3.65%, 02/01/2050
|
160,885
|
|
|
2,000
|
4.00%, 04/01/2047
|
1,610
|
|
|
505,000
|
4.90%, 06/01/2026
|
507,387
|
|
|
100,000
|
5.20%, 06/01/2034
|
100,292
|
|
|
85,000
|
5.75%, 04/15/2054
|
86,998
|
|
|
|
Southern Co.
|
|
|
|
4,000
|
3.25%, 07/01/2026
|
3,910
|
|
|
153,000
|
3.70%, 04/30/2030
|
144,262
|
|
|
190,000
|
4.85%, 06/15/2028
|
191,243
|
|
|
240,000
|
4.85%, 03/15/2035
|
233,439
|
|
|
175,000
|
5.20%, 06/15/2033
|
175,721
|
|
|
95,000
|
5.70%, 03/15/2034
|
98,753
|
|
|
55,000
|
Southwestern Electric Power Co. 5.30%,
04/01/2033
|
55,103
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
62,000
|
2.45%, 12/15/2050
|
36,583
|
|
|
310,000
|
5.00%, 04/01/2033
|
307,875
|
|
|
315,000
|
5.00%, 01/15/2034
|
312,222
|
|
|
75,000
|
5.05%, 08/15/2034
|
74,520
|
|
|
50,000
|
5.35%, 01/15/2054
|
48,969
|
|
|
110,000
|
Wisconsin Power & Light Co. 5.38%, 03/30/2034
|
111,424
|
|
|
80,000
|
Xcel Energy, Inc. 4.60%, 06/01/2032
|
76,792
|
|
|
|
|
|
11,647,600
|
|
|
Entertainment - 0.4%
|
||
|
|
Warnermedia Holdings, Inc.
|
|
|
|
500,000
|
4.28%, 03/15/2032
|
438,167
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Entertainment - 0.4% - (continued)
|
||
|
$ 215,000
|
5.05%, 03/15/2042
|
$171,579
|
|
|
850,000
|
5.14%, 03/15/2052
|
640,236
|
|
|
|
|
|
1,249,982
|
|
|
Environmental Control - 0.3%
|
||
|
|
Republic Services, Inc.
|
|
|
|
80,000
|
1.45%, 02/15/2031
|
65,576
|
|
|
245,000
|
5.20%, 11/15/2034
|
247,820
|
|
|
|
Waste Management, Inc.
|
|
|
|
250,000
|
4.95%, 07/03/2031
|
252,251
|
|
|
240,000
|
4.95%, 03/15/2035
|
238,227
|
|
|
|
|
|
803,874
|
|
|
Food - 0.2%
|
||
|
|
Conagra Brands, Inc.
|
|
|
|
307,000
|
4.85%, 11/01/2028
|
306,140
|
|
|
210,000
|
5.30%, 10/01/2026
|
211,974
|
|
|
|
Tyson Foods, Inc.
|
|
|
|
30,000
|
5.40%, 03/15/2029
|
30,509
|
|
|
75,000
|
5.70%, 03/15/2034
|
76,445
|
|
|
|
|
|
625,068
|
|
|
Gas - 0.7%
|
||
|
250,000
|
Atmos Energy Corp. 5.90%, 11/15/2033
|
266,054
|
|
|
125,000
|
Boston Gas Co. 3.76%, 03/16/2032(1)
|
112,116
|
|
|
235,000
|
Brooklyn Union Gas Co. 4.87%, 08/05/2032(1)
|
224,666
|
|
|
55,000
|
East Ohio Gas Co. 3.00%, 06/15/2050(1)
|
35,072
|
|
|
|
NiSource, Inc.
|
|
|
|
75,000
|
1.70%, 02/15/2031
|
61,977
|
|
|
242,000
|
3.49%, 05/15/2027
|
235,534
|
|
|
250,000
|
5.25%, 03/30/2028
|
253,601
|
|
|
90,000
|
5.40%, 06/30/2033
|
90,948
|
|
|
|
Southern California Gas Co.
|
|
|
|
265,000
|
5.20%, 06/01/2033
|
268,757
|
|
|
266,000
|
5.60%, 04/01/2054
|
269,174
|
|
|
25,000
|
5.75%, 06/01/2053
|
25,772
|
|
|
|
Southwest Gas Corp.
|
|
|
|
199,000
|
2.20%, 06/15/2030
|
171,106
|
|
|
35,000
|
4.15%, 06/01/2049
|
27,579
|
|
|
|
|
|
2,042,356
|
|
|
Healthcare - Products - 0.2%
|
||
|
200,000
|
Alcon Finance Corp. 3.00%, 09/23/2029(1)
|
184,945
|
|
|
85,000
|
Smith & Nephew PLC 5.40%, 03/20/2034
|
85,412
|
|
|
|
Solventum Corp.
|
|
|
|
235,000
|
5.40%, 03/01/2029(1)
|
237,992
|
|
|
35,000
|
5.45%, 03/13/2031(1)
|
35,294
|
|
|
|
|
|
543,643
|
|
|
Healthcare - Services - 0.9%
|
||
|
295,000
|
Cigna Group 5.00%, 05/15/2029
|
296,514
|
|
|
165,000
|
CommonSpirit Health 5.21%, 12/01/2031
|
165,875
|
|
|
|
Elevance Health, Inc.
|
|
|
|
155,000
|
4.50%, 10/30/2026
|
154,767
|
|
|
260,000
|
4.95%, 11/01/2031
|
258,156
|
|
|
|
HCA, Inc.
|
|
|
|
45,000
|
5.38%, 02/01/2025
|
45,002
|
|
|
30,000
|
5.45%, 04/01/2031
|
30,335
|
|
|
80,000
|
5.45%, 09/15/2034
|
79,432
|
|
|
205,000
|
5.60%, 04/01/2034
|
206,094
|
|
|
175,000
|
Kaiser Foundation Hospitals 2.81%, 06/01/2041
|
128,126
|
|
|
205,000
|
Laboratory Corp. of America Holdings 4.55%,
04/01/2032
|
196,873
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
20,000
|
3.50%, 08/15/2039
|
16,385
|
|
|
87,000
|
4.75%, 07/15/2045
|
80,071
|
|
|
185,000
|
4.95%, 01/15/2032
|
185,426
|
|
|
35,000
|
4.95%, 05/15/2062
|
31,833
|
|
|
105,000
|
5.35%, 02/15/2033
|
107,829
|
|
|
|
10
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Healthcare - Services - 0.9% - (continued)
|
||
|
$ 275,000
|
5.38%, 04/15/2054
|
$270,343
|
|
|
140,000
|
5.75%, 07/15/2064
|
142,681
|
|
|
55,000
|
5.88%, 02/15/2053
|
57,641
|
|
|
65,000
|
6.05%, 02/15/2063
|
69,036
|
|
|
|
|
|
2,522,419
|
|
|
Household Products - 0.1%
|
||
|
245,000
|
Kenvue, Inc. 5.50%, 03/22/2025
|
245,446
|
|
|
|
Insurance - 1.2%
|
||
|
25,000
|
Aon Corp./Aon Global Holdings PLC 5.35%,
02/28/2033
|
25,326
|
|
|
325,000
|
Aon North America, Inc. 5.45%, 03/01/2034
|
329,930
|
|
|
|
Athene Global Funding
|
|
|
|
350,000
|
2.65%, 10/04/2031(1)
|
295,969
|
|
|
80,000
|
2.72%, 01/07/2029(1)
|
72,598
|
|
|
345,000
|
4.72%, 10/08/2029(1)
|
338,722
|
|
|
330,000
|
5.68%, 02/23/2026(1)
|
332,614
|
|
|
70,000
|
Athene Holding Ltd. 5.88%, 01/15/2034
|
71,270
|
|
|
315,000
|
Brighthouse Financial Global Funding 5.65%,
06/10/2029(1)
|
318,774
|
|
|
135,000
|
Corebridge Financial, Inc. 5.75%, 01/15/2034
|
138,202
|
|
|
|
Corebridge Global Funding
|
|
|
|
245,000
|
5.20%, 06/24/2029(1)
|
246,711
|
|
|
50,000
|
5.90%, 09/19/2028(1)
|
51,631
|
|
|
200,000
|
Equitable Financial Life Global Funding 1.80%,
03/08/2028(1)
|
180,685
|
|
|
85,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
83,365
|
|
|
80,000
|
Marsh & McLennan Cos., Inc. 4.75%,
03/15/2039
|
75,750
|
|
|
320,000
|
Metropolitan Life Global Funding I 2.40%,
01/11/2032(1)
|
271,073
|
|
|
190,000
|
Principal Financial Group, Inc. 5.38%,
03/15/2033
|
193,413
|
|
|
40,000
|
Principal Life Global Funding II 5.10%,
01/25/2029(1)
|
40,432
|
|
|
150,000
|
Protective Life Global Funding 5.22%,
06/12/2029(1)
|
152,890
|
|
|
259,000
|
Willis North America, Inc. 2.95%, 09/15/2029
|
236,361
|
|
|
|
|
|
3,455,716
|
|
|
Internet - 0.1%
|
||
|
375,000
|
Meta Platforms, Inc. 4.60%, 05/15/2028
|
377,513
|
|
|
65,000
|
Uber Technologies, Inc. 4.80%, 09/15/2034
|
63,012
|
|
|
|
|
|
440,525
|
|
|
Investment Company Security - 0.2%
|
||
|
525,000
|
Bain Capital Specialty Finance, Inc. 2.55%,
10/13/2026
|
495,240
|
|
|
|
IT Services - 0.3%
|
||
|
410,000
|
Accenture Capital, Inc. 4.25%, 10/04/2031
|
397,385
|
|
|
250,000
|
Apple, Inc. 4.15%, 05/10/2030
|
248,626
|
|
|
170,000
|
Hewlett Packard Enterprise Co. 5.00%,
10/15/2034
|
164,968
|
|
|
|
|
|
810,979
|
|
|
Machinery-Diversified - 0.1%
|
||
|
|
AGCO Corp.
|
|
|
|
45,000
|
5.45%, 03/21/2027
|
45,494
|
|
|
30,000
|
5.80%, 03/21/2034
|
30,513
|
|
|
365,000
|
Otis Worldwide Corp. 2.57%, 02/15/2030
|
325,583
|
|
|
|
|
|
401,590
|
|
|
Media - 1.2%
|
||
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
|
|
40,000
|
3.50%, 03/01/2042
|
27,034
|
|
|
35,000
|
3.70%, 04/01/2051
|
21,861
|
|
|
191,000
|
3.85%, 04/01/2061
|
114,718
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Media - 1.2% - (continued)
|
||
|
$ 482,000
|
4.20%, 03/15/2028
|
$464,465
|
|
|
380,000
|
4.40%, 12/01/2061
|
253,885
|
|
|
315,000
|
6.55%, 06/01/2034
|
320,891
|
|
|
|
Comcast Corp.
|
|
|
|
215,000
|
2.89%, 11/01/2051
|
136,477
|
|
|
379,000
|
3.20%, 07/15/2036
|
312,441
|
|
|
210,000
|
3.75%, 04/01/2040
|
173,456
|
|
|
425,000
|
4.55%, 01/15/2029
|
423,689
|
|
|
90,000
|
5.65%, 06/01/2054
|
91,309
|
|
|
|
Cox Communications, Inc.
|
|
|
|
195,000
|
2.60%, 06/15/2031(1)
|
165,086
|
|
|
275,000
|
5.45%, 09/01/2034(1)
|
268,041
|
|
|
23,000
|
Discovery Communications LLC 4.13%,
05/15/2029
|
21,397
|
|
|
|
Paramount Global
|
|
|
|
40,000
|
4.20%, 05/19/2032
|
34,857
|
|
|
165,000
|
4.38%, 03/15/2043
|
118,907
|
|
|
70,000
|
4.95%, 01/15/2031
|
65,030
|
|
|
20,000
|
4.95%, 05/19/2050
|
14,911
|
|
|
240,000
|
5.85%, 09/01/2043
|
204,252
|
|
|
50,000
|
6.88%, 04/30/2036
|
49,873
|
|
|
|
|
|
3,282,580
|
|
|
Mining - 0.6%
|
||
|
|
BHP Billiton Finance USA Ltd.
|
|
|
|
150,000
|
4.90%, 02/28/2033
|
149,684
|
|
|
210,000
|
5.25%, 09/08/2033
|
213,480
|
|
|
|
Glencore Funding LLC
|
|
|
|
350,000
|
5.37%, 04/04/2029(1)
|
354,972
|
|
|
387,000
|
5.63%, 04/04/2034(1)
|
392,992
|
|
|
240,000
|
6.38%, 10/06/2030(1)
|
254,958
|
|
|
195,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
210,782
|
|
|
|
|
|
1,576,868
|
|
|
Office/Business Equipment - 0.0%
|
||
|
80,000
|
CDW LLC/CDW Finance Corp. 2.67%,
12/01/2026
|
76,332
|
|
|
|
Oil & Gas - 1.4%
|
||
|
|
Aker BP ASA
|
|
|
|
200,000
|
3.10%, 07/15/2031(1)
|
175,069
|
|
|
155,000
|
5.80%, 10/01/2054(1)
|
145,188
|
|
|
|
BP Capital Markets America, Inc.
|
|
|
|
90,000
|
3.06%, 06/17/2041
|
66,619
|
|
|
130,000
|
3.38%, 02/08/2061
|
86,193
|
|
|
225,000
|
4.81%, 02/13/2033
|
220,377
|
|
|
35,000
|
4.89%, 09/11/2033
|
34,409
|
|
|
65,000
|
5.23%, 11/17/2034
|
65,332
|
|
|
|
ConocoPhillips Co.
|
|
|
|
231,000
|
3.80%, 03/15/2052
|
175,607
|
|
|
75,000
|
4.03%, 03/15/2062
|
56,946
|
|
|
55,000
|
5.30%, 05/15/2053
|
53,008
|
|
|
105,000
|
5.70%, 09/15/2063
|
105,982
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
40,000
|
5.75%, 04/18/2054
|
38,853
|
|
|
45,000
|
5.90%, 04/18/2064
|
43,583
|
|
|
35,000
|
6.25%, 03/15/2053
|
36,167
|
|
|
315,000
|
Eni SpA 5.50%, 05/15/2034(1)
|
316,735
|
|
|
232,000
|
Equinor ASA 3.63%, 04/06/2040
|
191,712
|
|
|
|
Hess Corp.
|
|
|
|
143,000
|
7.13%, 03/15/2033
|
160,213
|
|
|
221,000
|
7.30%, 08/15/2031
|
247,218
|
|
|
60,000
|
Ovintiv, Inc. 7.38%, 11/01/2031
|
65,764
|
|
|
|
Phillips 66 Co.
|
|
|
|
165,000
|
4.95%, 12/01/2027
|
166,600
|
|
|
195,000
|
5.25%, 06/15/2031
|
196,668
|
|
|
61,000
|
5.30%, 06/30/2033
|
61,097
|
|
|
|
11
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Oil & Gas - 1.4% - (continued)
|
||
|
$ 200,000
|
Pioneer Natural Resources Co. 5.10%,
03/29/2026
|
$201,499
|
|
|
200,000
|
Saudi Arabian Oil Co. 5.25%, 07/17/2034(1)
|
200,156
|
|
|
75,000
|
Shell Finance U.S., Inc. 3.25%, 04/06/2050
|
52,798
|
|
|
265,000
|
Shell International Finance BV 3.00%,
11/26/2051
|
175,732
|
|
|
|
TotalEnergies Capital SA
|
|
|
|
135,000
|
4.72%, 09/10/2034
|
131,785
|
|
|
20,000
|
5.28%, 09/10/2054
|
19,193
|
|
|
170,000
|
5.43%, 09/10/2064
|
163,635
|
|
|
275,000
|
5.64%, 04/05/2064
|
274,033
|
|
|
|
|
|
3,928,171
|
|
|
Pharmaceuticals - 0.5%
|
||
|
|
AbbVie, Inc.
|
|
|
|
73,000
|
3.20%, 11/21/2029
|
68,236
|
|
|
145,000
|
4.95%, 03/15/2031
|
146,491
|
|
|
40,000
|
5.40%, 03/15/2054
|
40,303
|
|
|
135,000
|
Bristol-Myers Squibb Co. 5.55%, 02/22/2054
|
136,556
|
|
|
|
CVS Health Corp.
|
|
|
|
214,000
|
2.70%, 08/21/2040
|
142,510
|
|
|
7,000
|
4.13%, 04/01/2040
|
5,653
|
|
|
325,000
|
5.00%, 01/30/2029
|
323,927
|
|
|
165,000
|
5.05%, 03/25/2048
|
142,350
|
|
|
|
Eli Lilly & Co.
|
|
|
|
70,000
|
4.20%, 08/14/2029
|
69,188
|
|
|
50,000
|
4.60%, 08/14/2034
|
48,871
|
|
|
10,000
|
5.05%, 08/14/2054
|
9,707
|
|
|
250,000
|
Pfizer Investment Enterprises Pte. Ltd. 4.45%,
05/19/2028
|
249,080
|
|
|
|
|
|
1,382,872
|
|
|
Pipelines - 1.1%
|
||
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
58,000
|
5.10%, 10/01/2031(1)
|
56,710
|
|
|
100,000
|
5.68%, 01/15/2034(1)
|
99,779
|
|
|
100,000
|
6.04%, 08/15/2028(1)
|
102,936
|
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
225,000
|
5.93%, 08/15/2030(1)
|
233,814
|
|
|
55,000
|
6.04%, 11/15/2033(1)
|
56,956
|
|
|
310,000
|
EIG Pearl Holdings SARL 3.55%, 08/31/2036(1)
|
268,469
|
|
|
|
Enbridge, Inc.
|
|
|
|
265,000
|
5.63%, 04/05/2034
|
269,477
|
|
|
105,000
|
5.70%, 03/08/2033
|
107,674
|
|
|
30,000
|
6.00%, 11/15/2028
|
31,283
|
|
|
|
Energy Transfer LP
|
|
|
|
25,000
|
5.15%, 03/15/2045
|
22,311
|
|
|
60,000
|
5.25%, 07/01/2029
|
60,596
|
|
|
125,000
|
6.40%, 12/01/2030
|
132,523
|
|
|
|
Enterprise Products Operating LLC
|
|
|
|
40,000
|
3.30%, 02/15/2053
|
27,315
|
|
|
140,000
|
4.95%, 02/15/2035
|
137,734
|
|
|
200,000
|
Galaxy Pipeline Assets Bidco Ltd. 2.63%,
03/31/2036(1)
|
165,617
|
|
|
200,000
|
Greensaif Pipelines Bidco SARL 5.85%,
02/23/2036(1)
|
200,203
|
|
|
|
MPLX LP
|
|
|
|
50,000
|
2.65%, 08/15/2030
|
43,998
|
|
|
135,000
|
5.50%, 06/01/2034
|
134,730
|
|
|
|
ONEOK, Inc.
|
|
|
|
100,000
|
4.40%, 10/15/2029
|
97,410
|
|
|
85,000
|
4.75%, 10/15/2031
|
83,004
|
|
|
125,000
|
5.05%, 11/01/2034
|
121,285
|
|
|
150,000
|
5.85%, 11/01/2064
|
144,734
|
|
|
60,000
|
6.10%, 11/15/2032
|
63,153
|
|
|
130,000
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp. 4.00%, 01/15/2032
|
119,124
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Pipelines - 1.1% - (continued)
|
||
|
$ 175,000
|
Transcontinental Gas Pipe Line Co. LLC 3.25%,
05/15/2030
|
$159,875
|
|
|
|
Whistler Pipeline LLC
|
|
|
|
10,000
|
5.40%, 09/30/2029(1)
|
10,044
|
|
|
85,000
|
5.70%, 09/30/2031(1)
|
85,823
|
|
|
65,000
|
5.95%, 09/30/2034(1)
|
65,625
|
|
|
|
|
|
3,102,202
|
|
|
Real Estate Investment Trusts - 0.6%
|
||
|
|
American Tower Corp.
|
|
|
|
110,000
|
3.80%, 08/15/2029
|
104,600
|
|
|
275,000
|
5.25%, 07/15/2028
|
278,278
|
|
|
|
Crown Castle, Inc.
|
|
|
|
40,000
|
2.50%, 07/15/2031
|
33,901
|
|
|
20,000
|
3.25%, 01/15/2051
|
13,599
|
|
|
214,000
|
3.80%, 02/15/2028
|
206,789
|
|
|
275,000
|
4.80%, 09/01/2028
|
273,497
|
|
|
211,000
|
5.60%, 06/01/2029
|
216,283
|
|
|
135,000
|
GLP Capital LP/GLP Financing II, Inc. 5.30%,
01/15/2029
|
134,463
|
|
|
85,000
|
NNN, Inc. 5.50%, 06/15/2034
|
86,022
|
|
|
135,000
|
Realty Income Corp. 4.90%, 07/15/2033
|
132,719
|
|
|
235,000
|
Simon Property Group LP 4.75%, 09/26/2034
|
225,524
|
|
|
|
|
|
1,705,675
|
|
|
Retail - 0.3%
|
||
|
|
AutoZone, Inc.
|
|
|
|
155,000
|
5.40%, 07/15/2034
|
155,931
|
|
|
125,000
|
6.55%, 11/01/2033
|
135,981
|
|
|
40,000
|
Home Depot, Inc. 5.30%, 06/25/2054
|
39,740
|
|
|
180,000
|
Lowe's Cos., Inc. 4.80%, 04/01/2026
|
180,455
|
|
|
|
O'Reilly Automotive, Inc.
|
|
|
|
89,000
|
4.70%, 06/15/2032
|
87,070
|
|
|
125,000
|
5.75%, 11/20/2026
|
127,493
|
|
|
|
|
|
726,670
|
|
|
Semiconductors - 0.6%
|
||
|
|
Broadcom, Inc.
|
|
|
|
280,000
|
4.15%, 02/15/2028
|
275,085
|
|
|
100,000
|
5.05%, 07/12/2029
|
100,853
|
|
|
600,000
|
Foundry JV Holdco LLC 6.15%, 01/25/2032(1)
|
610,068
|
|
|
|
Intel Corp.
|
|
|
|
143,000
|
3.25%, 11/15/2049
|
91,307
|
|
|
145,000
|
3.73%, 12/08/2047
|
100,834
|
|
|
90,000
|
4.75%, 03/25/2050
|
73,649
|
|
|
170,000
|
5.15%, 02/21/2034
|
166,088
|
|
|
55,000
|
5.90%, 02/10/2063
|
52,232
|
|
|
175,000
|
Marvell Technology, Inc. 5.75%, 02/15/2029
|
180,171
|
|
|
180,000
|
NVIDIA Corp. 3.50%, 04/01/2040
|
152,081
|
|
|
|
|
|
1,802,368
|
|
|
Software - 0.3%
|
||
|
105,000
|
Constellation Software, Inc. 5.46%,
02/16/2034(1)
|
106,697
|
|
|
|
Oracle Corp.
|
|
|
|
70,000
|
2.95%, 04/01/2030
|
63,511
|
|
|
219,000
|
3.60%, 04/01/2040
|
174,424
|
|
|
67,000
|
3.80%, 11/15/2037
|
56,868
|
|
|
330,000
|
5.38%, 07/15/2040
|
322,967
|
|
|
36,000
|
6.15%, 11/09/2029
|
38,085
|
|
|
205,000
|
Roper Technologies, Inc. 4.75%, 02/15/2032
|
201,877
|
|
|
|
|
|
964,429
|
|
|
Telecommunications - 0.6%
|
||
|
|
AT&T, Inc.
|
|
|
|
265,000
|
2.55%, 12/01/2033
|
215,565
|
|
|
165,000
|
3.50%, 06/01/2041
|
129,354
|
|
|
49,000
|
3.65%, 09/15/2059
|
33,623
|
|
|
35,000
|
5.40%, 02/15/2034
|
35,536
|
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 24.5% - (continued)
|
|||
|
|
Telecommunications - 0.6% - (continued)
|
||
|
$ 245,000
|
5.54%, 02/20/2026
|
$244,978
|
|
|
|
Cisco Systems, Inc.
|
|
|
|
210,000
|
4.95%, 02/26/2031
|
212,754
|
|
|
85,000
|
5.35%, 02/26/2064
|
85,305
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
210,000
|
3.00%, 02/15/2041
|
154,274
|
|
|
110,000
|
3.88%, 04/15/2030
|
104,469
|
|
|
175,000
|
4.70%, 01/15/2035
|
168,577
|
|
|
200,000
|
4.80%, 07/15/2028
|
200,090
|
|
|
|
|
|
1,584,525
|
|
|
Transportation - 0.0%
|
||
|
105,000
|
Ryder System, Inc. 4.90%, 12/01/2029
|
104,777
|
|
|
|
Trucking & Leasing - 0.1%
|
||
|
|
Penske Truck Leasing Co. LP/PTL Finance
Corp.
|
|
|
|
55,000
|
4.40%, 07/01/2027(1)
|
54,314
|
|
|
55,000
|
5.35%, 03/30/2029(1)
|
55,646
|
|
|
7,000
|
5.55%, 05/01/2028(1)
|
7,134
|
|
|
75,000
|
6.05%, 08/01/2028(1)
|
77,617
|
|
|
|
|
|
194,711
|
|
|
Total Corporate Bonds
(cost $70,759,899)
|
$69,349,310
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 1.4%
|
|||
|
|
Bermuda - 0.2%
|
||
|
|
Bermuda Government International Bonds
|
|
|
|
400,000
|
2.38%, 08/20/2030(8)
|
$343,200
|
|
|
200,000
|
5.00%, 07/15/2032(8)
|
195,000
|
|
|
|
|
|
538,200
|
|
|
Hungary - 0.3%
|
||
|
|
Hungary Government International Bonds
|
|
|
|
305,000
|
5.50%, 03/26/2036(1)
|
293,900
|
|
|
465,000
|
6.13%, 05/22/2028(1)
|
478,355
|
|
|
|
|
|
772,255
|
|
|
Israel - 0.0%
|
||
|
200,000
|
Israel Government International Bonds 5.75%,
03/12/2054
|
182,801
|
|
|
|
Mexico - 0.4%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
890,000
|
6.00%, 05/07/2036
|
863,447
|
|
|
400,000
|
6.40%, 05/07/2054
|
374,983
|
|
|
|
|
|
1,238,430
|
|
|
Peru - 0.1%
|
||
|
|
Peru Government International Bonds
|
|
|
|
65,000
|
3.00%, 01/15/2034
|
53,410
|
|
|
260,000
|
5.38%, 02/08/2035
|
255,798
|
|
|
|
|
|
309,208
|
|
|
Romania - 0.4%
|
||
|
|
Romania Government International Bonds
|
|
|
|
466,000
|
3.00%, 02/14/2031(8)
|
394,306
|
|
|
654,000
|
5.88%, 01/30/2029(1)
|
657,766
|
|
|
|
|
|
1,052,072
|
|
|
Total Foreign Government Obligations
(cost $4,275,564)
|
|
$4,092,966
|
|
MUNICIPAL BONDS - 0.5%
|
|||
|
|
Build America Bonds - 0.1%
|
||
|
155,000
|
State of California, CA, GO 7.30%, 10/01/2039
|
$180,494
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 0.5% - (continued)
|
|||
|
|
Development - 0.1%
|
||
|
$ 295,000
|
New York Transportation Dev Corp., NY, Rev
4.25%, 09/01/2035
|
$284,417
|
|
|
|
General - 0.2%
|
||
|
40,000
|
Chicago Transit Auth Sales Tax Receipts Fund,
IL, Rev 3.91%, 12/01/2040
|
34,660
|
|
|
134,644
|
Commonwealth of Massachusetts, MA, Rev
4.11%, 07/15/2031
|
131,956
|
|
|
|
County of Riverside, CA, Rev
|
|
|
|
55,000
|
2.96%, 02/15/2027
|
53,096
|
|
|
55,000
|
3.07%, 02/15/2028
|
52,490
|
|
|
65,000
|
Dist of Columbia, DC, Rev 3.43%, 04/01/2042
|
51,730
|
|
|
230,000
|
State Board of Administration Finance Corp.,
FL, Rev 1.26%, 07/01/2025(7)
|
224,428
|
|
|
|
|
|
548,360
|
|
|
Higher Education - 0.0%
|
||
|
|
Marshall University, WV, Rev, (AGM)
|
|
|
|
10,000
|
2.91%, 05/01/2026
|
9,747
|
|
|
10,000
|
3.63%, 05/01/2034
|
8,926
|
|
|
|
|
|
18,673
|
|
|
Transportation - 0.0%
|
||
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
15,000
|
4.75%, 11/15/2045
|
15,414
|
|
|
5,000
|
5.18%, 11/15/2049
|
4,442
|
|
|
115,000
|
6.81%, 11/15/2040
|
126,169
|
|
|
|
|
|
146,025
|
|
|
Utilities - 0.1%
|
||
|
301,244
|
Texas Natural Gas Securitization Finance Corp.,
TX, Rev 5.10%, 04/01/2035
|
305,759
|
|
|
|
Total Municipal Bonds
(cost $1,618,420)
|
|
$1,483,728
|
|
U.S. GOVERNMENT AGENCIES - 27.4%
|
|||
|
|
Mortgage-Backed Agencies - 27.4%
|
||
|
|
Federal Home Loan Mortgage Corp. - 3.7%
|
||
|
226,831
|
0.88%, 11/25/2030(2)(3)
|
$9,522
|
|
|
96,348
|
1.11%, 01/25/2030(2)(3)
|
4,476
|
|
|
1,403,146
|
1.11%, 06/25/2030(2)(3)
|
71,560
|
|
|
5,489
|
1.13%, 12/15/2027
|
5,278
|
|
|
6,690
|
1.25%, 12/15/2027
|
6,427
|
|
|
1,529,828
|
1.38%, 06/25/2030(2)(3)
|
94,017
|
|
|
1,089,817
|
1.43%, 05/25/2030(2)(3)
|
70,147
|
|
|
429,928
|
1.50%, 12/25/2050
|
337,798
|
|
|
1,220,196
|
1.57%, 05/25/2030(2)(3)
|
85,171
|
|
|
173,070
|
1.69%, 04/25/2030(2)(3)
|
12,348
|
|
|
397,855
|
2.00%, 07/25/2050
|
342,630
|
|
|
206,282
|
2.00%, 10/01/2051
|
165,670
|
|
|
2,152,433
|
2.00%, 12/01/2051
|
1,715,351
|
|
|
3,307,206
|
2.00%, 01/01/2052
|
2,630,424
|
|
|
17,782
|
2.50%, 12/15/2042
|
16,039
|
|
|
922,902
|
2.50%, 09/01/2051
|
764,037
|
|
|
1,555,701
|
4.50%, 08/01/2052
|
1,477,461
|
|
|
1,952,817
|
5.00%, 11/01/2052
|
1,907,132
|
|
|
94,967
|
6.71%, 11/25/2043, 30 day USD SOFR
Average + 1.85%(1)(4)
|
96,034
|
|
|
270,000
|
8.21%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(4)
|
281,137
|
|
|
285,000
|
8.41%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(4)
|
299,226
|
|
|
120,000
|
9.86%, 03/25/2052, 30 day USD SOFR
Average + 5.00%(1)(4)
|
131,552
|
|
|
|
|
|
10,523,437
|
|
|
Federal National Mortgage Association - 6.1%
|
||
|
28,391
|
1.25%, 02/25/2028
|
27,221
|
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 27.4% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 27.4% - (continued)
|
||
|
|
Federal National Mortgage Association - 6.1% - (continued)
|
||
|
$ 5,982
|
1.50%, 09/25/2027
|
$5,771
|
|
|
134,221
|
2.00%, 10/01/2051
|
107,163
|
|
|
468,870
|
2.00%, 11/01/2051
|
371,959
|
|
|
5,381,385
|
2.00%, 04/01/2052
|
4,279,116
|
|
|
906,774
|
2.50%, 02/01/2052
|
750,646
|
|
|
1,185,536
|
2.50%, 05/01/2052
|
981,582
|
|
|
929,607
|
2.50%, 06/01/2052
|
774,333
|
|
|
897,470
|
2.50%, 07/01/2052
|
747,024
|
|
|
749,411
|
2.50%, 08/01/2052
|
620,376
|
|
|
282,000
|
3.00%, 12/25/2045
|
242,285
|
|
|
336,043
|
3.00%, 10/25/2046
|
295,975
|
|
|
313,000
|
3.00%, 03/25/2047
|
268,828
|
|
|
176,889
|
3.00%, 03/01/2050
|
154,954
|
|
|
1,795,870
|
3.00%, 11/01/2051
|
1,560,581
|
|
|
470,815
|
3.50%, 08/01/2043
|
430,419
|
|
|
735,000
|
4.50%, 12/25/2041
|
696,716
|
|
|
2,870,459
|
4.50%, 12/01/2052
|
2,729,247
|
|
|
2,233,293
|
5.50%, 06/01/2053
|
2,221,455
|
|
|
|
|
|
17,265,651
|
|
|
Government National Mortgage Association - 5.4%
|
||
|
2,133,728
|
2.00%, 12/20/2050
|
1,742,914
|
|
|
2,250,000
|
2.00%, 11/20/2054(9)
|
1,834,415
|
|
|
1,945,392
|
2.50%, 03/20/2051
|
1,651,456
|
|
|
1,196,067
|
2.50%, 07/20/2051
|
1,014,183
|
|
|
1,841,272
|
3.00%, 04/20/2051
|
1,617,405
|
|
|
396,584
|
3.00%, 05/20/2051
|
348,417
|
|
|
2,013,359
|
3.00%, 10/20/2051
|
1,766,582
|
|
|
3,034,372
|
3.50%, 08/20/2052
|
2,742,891
|
|
|
1,650,000
|
4.00%, 11/20/2054(9)
|
1,535,918
|
|
|
1,100,000
|
5.00%, 11/20/2054(9)
|
1,074,382
|
|
|
|
|
|
15,328,563
|
|
|
Uniform Mortgage-Backed Security - 12.2%
|
||
|
1,200,000
|
1.50%, 11/01/2039(9)
|
1,039,000
|
|
|
300,000
|
1.50%, 11/01/2054(9)
|
226,307
|
|
|
1,300,000
|
2.50%, 11/01/2039(9)
|
1,186,561
|
|
|
4,263,000
|
2.50%, 11/01/2054(9)
|
3,526,289
|
|
|
750,000
|
3.00%, 11/01/2039(9)
|
700,576
|
|
|
1,850,000
|
3.50%, 11/01/2054(9)
|
1,653,802
|
|
|
3,450,000
|
4.00%, 11/01/2054(9)
|
3,187,219
|
|
|
10,310,000
|
5.50%, 11/01/2054(9)
|
10,212,045
|
|
|
12,692,000
|
6.00%, 11/01/2054(9)
|
12,772,908
|
|
|
|
|
|
34,504,707
|
|
|
Total U.S. Government Agencies
(cost $80,181,490)
|
|
$77,622,358
|
|
U.S. GOVERNMENT SECURITIES - 35.9%
|
|||
|
|
U.S. Treasury Securities - 35.9%
|
||
|
|
U.S. Treasury Bonds - 9.9%
|
||
|
1,570,000
|
1.25%, 05/15/2050
|
$788,864
|
|
|
1,010,000
|
1.38%, 08/15/2050
|
522,438
|
|
|
2,455,000
|
1.63%, 11/15/2050
|
1,356,867
|
|
|
630,000
|
2.00%, 02/15/2050
|
386,515
|
|
|
1,248,000
|
2.38%, 11/15/2049
|
835,526
|
|
|
1,105,000
|
2.50%, 02/15/2045
|
795,643
|
|
|
1,935,000
|
2.88%, 05/15/2052
|
1,429,330
|
|
|
7,170,000
|
3.00%, 02/15/2047
|
5,541,906
|
|
|
1,525,000
|
3.00%, 02/15/2048
|
1,170,437
|
|
|
6,105,000
|
3.00%, 08/15/2052
|
4,629,307
|
|
|
1,080,000
|
3.13%, 05/15/2048
|
846,914
|
|
|
1,780,000
|
3.38%, 08/15/2042
|
1,521,413
|
|
|
2,010,000
|
3.38%, 11/15/2048
|
1,644,274
|
|
|
1,825,000
|
3.63%, 08/15/2043
|
1,601,865
|
|
|
1,840,000
|
3.63%, 02/15/2044
|
1,607,916
|
|
|
1,464,000
|
3.75%, 11/15/2043
|
1,305,648
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 35.9% - (continued)
|
|||
|
|
U.S. Treasury Securities - 35.9% - (continued)
|
||
|
|
U.S. Treasury Bonds - 9.9% - (continued)
|
||
|
$ 790,000
|
4.25%, 08/15/2054
|
$760,252
|
|
|
1,305,000
|
4.50%, 02/15/2044
|
1,290,727
|
|
|
|
|
|
28,035,842
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 0.5%
|
||
|
759,128
|
0.25%, 02/15/2050(10)
|
474,375
|
|
|
41,075
|
0.63%, 02/15/2043(10)
|
31,657
|
|
|
501,293
|
0.75%, 02/15/2045(10)
|
383,256
|
|
|
526,765
|
1.38%, 02/15/2044(10)
|
460,931
|
|
|
|
|
|
1,350,219
|
|
|
U.S. Treasury Inflation-Indexed Notes - 0.5%
|
||
|
1,607,774
|
1.75%, 01/15/2034(10)
|
1,577,218
|
|
|
|
U.S. Treasury Notes - 25.0%
|
||
|
9,493,000
|
0.38%, 09/30/2027
|
8,519,968
|
|
|
3,850,000
|
0.63%, 05/15/2030
|
3,177,002
|
|
|
6,125,000
|
1.88%, 02/28/2029
|
5,573,989
|
|
|
4,565,000
|
2.75%, 08/15/2032
|
4,113,671
|
|
|
10,735,000
|
2.88%, 05/15/2028(11)(12)
|
10,285,472
|
|
|
1,835,000
|
2.88%, 05/15/2032
|
1,673,577
|
|
|
8,608,000
|
3.50%, 09/30/2026
|
8,503,090
|
|
|
4,785,000
|
3.75%, 06/30/2030
|
4,679,207
|
|
|
4,235,000
|
3.75%, 12/31/2030
|
4,129,621
|
|
|
8,750,000
|
4.25%, 03/15/2027
|
8,772,900
|
|
|
5,136,000
|
4.38%, 05/15/2034
|
5,172,113
|
|
|
5,625,000
|
4.50%, 03/31/2026
|
5,644,116
|
|
|
645,000
|
4.50%, 11/15/2033
|
655,733
|
|
|
|
|
|
70,900,459
|
|
|
Total U.S. Government Securities
(cost $111,564,749)
|
|
$101,863,738
|
|
|
Total Long-Term Investments
(cost $327,127,952)
|
|
$310,775,430
|
|
SHORT-TERM INVESTMENTS - 1.0%
|
|||
|
|
Repurchase Agreements - 0.9%
|
||
|
2,404,933
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%,
due on 11/01/2024 with a maturity value of
$2,405,257; collateralized by U.S. Treasury
Note at 0.88%, maturing 06/30/2026, with
a market value of $2,453,040
|
$2,404,933
|
|
|
|
Securities Lending Collateral - 0.1%
|
||
|
52,993
|
Goldman Sachs Financial Square Funds,
Government Fund, Institutional Class,
4.77%(13)
|
52,993
|
|
|
176,642
|
HSBC U.S. Government Money Market Fund,
Institutional Class, 4.78%(13)
|
176,642
|
|
|
52,993
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.76%(13)
|
52,993
|
|
|
52,993
|
Morgan Stanley Institutional Liquidity Funds,
Government Portfolio, Institutional Class,
4.78%(13)
|
52,993
|
|
|
|
|
|
335,621
|
|
|
Total Short-Term Investments
(cost $2,740,554)
|
$2,740,554
|
|
|
|
Total Investments
(cost $329,868,506)
|
110.6
%
|
$313,515,984
|
|
|
Other Assets and Liabilities
|
(10.6
)%
|
(30,133,424
)
|
|
|
Net Assets
|
100.0
%
|
$283,382,560
|
|
|
14
|
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At October 31, 2024, the aggregate value of these securities was
$64,209,236, representing 22.7% of net assets.
|
|
(2)
|
Securities disclosed are interest-only strips.
|
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(4)
|
Variable rate securities; the rate reported is the coupon rate in effect at October
31, 2024. Base lending rates may be subject to a floor or cap.
|
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(6)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
October 31, 2024. Rate will reset at a future date. Base lending rates may be
subject to a floor or cap.
|
|
(7)
|
Represents entire or partial securities on loan.
|
|
(8)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At October 31, 2024, the aggregate
value of these securities was $932,506, representing 0.3% of net assets.
|
|
(9)
|
Represents or includes a TBA transaction.
|
|
(10)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(11)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of October 31, 2024, the market value of
securities pledged was $354,506.
|
|
(12)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of October 31, 2024, the market value of securities pledged
was $210,788.
|
|
(13)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at October 31, 2024
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
U.S. Treasury 2-Year Note Future
|
35
|
12/31/2024
|
$7,208,086
|
$(70,661
)
|
|
U.S. Treasury Long Bond Future
|
6
|
12/19/2024
|
707,813
|
(7,228
)
|
|
U.S. Treasury Ultra Bond Future
|
46
|
12/19/2024
|
5,778,750
|
(24,833
)
|
|
Total
|
|
|
|
$(102,722
)
|
|
Short position contracts:
|
||||
|
U.S. Treasury 5-Year Note Future
|
(67)
|
12/31/2024
|
$(7,184,703
)
|
$110,899
|
|
U.S. Treasury 10-Year Note Future
|
(25)
|
12/19/2024
|
(2,761,719
)
|
17,590
|
|
U.S. Treasury 10-Year Ultra Future
|
(46)
|
12/19/2024
|
(5,232,500
)
|
241,403
|
|
Total
|
|
|
|
$369,892
|
|
Total futures contracts
|
$267,170
|
|||
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at October 31, 2024
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
1,330,000
|
03/15/2053
|
Annual
|
$2,955
|
$—
|
$181,744
|
$178,789
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
380,000
|
03/15/2053
|
Annual
|
4,218
|
—
|
57,990
|
53,772
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
495,000
|
06/21/2053
|
Annual
|
—
|
(5,146
)
|
39,557
|
44,703
|
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
570,000
|
09/20/2053
|
Annual
|
2,358
|
—
|
7,998
|
5,640
|
|
Total centrally cleared interest rate swaps contracts
|
$9,531
|
$(5,146
)
|
$287,289
|
$282,904
|
|||||
|
|
15
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$56,363,330
|
$—
|
$56,363,330
|
$—
|
|
Corporate Bonds
|
69,349,310
|
—
|
69,349,310
|
—
|
|
Foreign Government Obligations
|
4,092,966
|
—
|
4,092,966
|
—
|
|
Municipal Bonds
|
1,483,728
|
—
|
1,483,728
|
—
|
|
U.S. Government Agencies
|
77,622,358
|
—
|
77,622,358
|
—
|
|
U.S. Government Securities
|
101,863,738
|
—
|
101,863,738
|
—
|
|
Short-Term Investments
|
2,740,554
|
335,621
|
2,404,933
|
—
|
|
Futures Contracts(2)
|
369,892
|
369,892
|
—
|
—
|
|
Swaps - Interest Rate(2)
|
282,904
|
—
|
282,904
|
—
|
|
Total
|
$314,168,780
|
$705,513
|
$313,463,267
|
$—
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(102,722
)
|
$(102,722
)
|
$—
|
$—
|
|
Total
|
$(102,722
)
|
$(102,722
)
|
$—
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.5%
|
|||
|
|
Capital Goods - 3.7%
|
||
|
5,236
|
Axon Enterprise, Inc.*
|
$2,217,446
|
|
|
7,928
|
Boeing Co.*
|
1,183,730
|
|
|
9,376
|
General Electric Co.
|
1,610,609
|
|
|
|
|
|
5,011,785
|
|
|
Consumer Discretionary Distribution & Retail - 7.8%
|
||
|
48,151
|
Amazon.com, Inc.*
|
8,975,346
|
|
|
1,334
|
O'Reilly Automotive, Inc.*
|
1,538,289
|
|
|
|
|
|
10,513,635
|
|
|
Consumer Durables & Apparel - 1.4%
|
||
|
38,762
|
On Holding AG Class A*
|
1,838,094
|
|
|
|
Consumer Services - 3.6%
|
||
|
49,390
|
DraftKings, Inc. Class A*
|
1,744,455
|
|
|
9,234
|
Royal Caribbean Cruises Ltd.
|
1,905,436
|
|
|
31,737
|
Viking Holdings Ltd.*
|
1,245,677
|
|
|
|
|
|
4,895,568
|
|
|
Energy - 1.0%
|
||
|
8,205
|
Targa Resources Corp.
|
1,369,907
|
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
||
|
4,359
|
American Tower Corp. REIT
|
930,821
|
|
|
4,131
|
AvalonBay Communities, Inc. REIT
|
915,471
|
|
|
|
|
|
1,846,292
|
|
|
Financial Services - 3.8%
|
||
|
13,638
|
KKR & Co., Inc.
|
1,885,317
|
|
|
25,059
|
Tradeweb Markets, Inc. Class A
|
3,182,493
|
|
|
|
|
|
5,067,810
|
|
|
Health Care Equipment & Services - 2.4%
|
||
|
4,734
|
Align Technology, Inc.*
|
970,612
|
|
|
11,412
|
Boston Scientific Corp.*
|
958,836
|
|
|
2,679
|
Intuitive Surgical, Inc.*
|
1,349,787
|
|
|
|
|
|
3,279,235
|
|
|
Media & Entertainment - 19.0%
|
||
|
48,661
|
Alphabet, Inc. Class A
|
8,326,384
|
|
|
25,655
|
Liberty Media Corp.-Liberty Formula One Class C*
|
2,048,295
|
|
|
12,849
|
Live Nation Entertainment, Inc.*
|
1,505,132
|
|
|
12,532
|
Meta Platforms, Inc. Class A
|
7,112,913
|
|
|
2,142
|
Netflix, Inc.*
|
1,619,416
|
|
|
57,445
|
Pinterest, Inc. Class A*
|
1,826,176
|
|
|
8,056
|
Spotify Technology SA*
|
3,102,366
|
|
|
|
|
|
25,540,682
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.2%
|
||
|
4,507
|
Eli Lilly & Co.
|
3,739,638
|
|
|
27,815
|
Exact Sciences Corp.*
|
1,917,288
|
|
|
11,606
|
Natera, Inc.*
|
1,403,862
|
|
|
2,722
|
Vertex Pharmaceuticals, Inc.*
|
1,295,617
|
|
|
|
|
|
8,356,405
|
|
|
Semiconductors & Semiconductor Equipment - 19.5%
|
||
|
8,626
|
ARM Holdings PLC ADR*
|
1,218,854
|
|
|
34,218
|
Broadcom, Inc.
|
5,809,190
|
|
|
15,482
|
Marvell Technology, Inc.
|
1,240,263
|
|
|
14,671
|
Micron Technology, Inc.
|
1,461,965
|
|
|
124,188
|
NVIDIA Corp.
|
16,487,199
|
|
|
|
|
|
26,217,471
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.5% - (continued)
|
|||
|
|
Software & Services - 8.8%
|
||
|
5,122
|
Datadog, Inc. Class A*
|
$642,504
|
|
|
18,843
|
Microsoft Corp.
|
7,656,853
|
|
|
3,396
|
Salesforce, Inc.
|
989,492
|
|
|
2,728
|
ServiceNow, Inc.*
|
2,545,197
|
|
|
|
|
|
11,834,046
|
|
|
Technology Hardware & Equipment - 17.6%
|
||
|
80,053
|
Apple, Inc.
|
18,084,773
|
|
|
8,265
|
Arista Networks, Inc.*
|
3,193,927
|
|
|
8,415
|
Dell Technologies, Inc. Class C
|
1,040,347
|
|
|
39,726
|
Flex Ltd.*
|
1,377,300
|
|
|
|
|
|
23,696,347
|
|
|
Telecommunication Services - 0.8%
|
||
|
4,931
|
T-Mobile U.S., Inc.
|
1,100,402
|
|
|
|
Transportation - 2.5%
|
||
|
11,995
|
Delta Air Lines, Inc.
|
686,354
|
|
|
37,987
|
Uber Technologies, Inc.*
|
2,736,963
|
|
|
|
|
|
3,423,317
|
|
|
Total Common Stocks
(cost $91,136,947)
|
|
$133,990,996
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 132,185
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 10/31/2024 at 4.85%, due
on 11/01/2024 with a maturity value of
$132,203; collateralized by U.S. Treasury Note
at 4.63%, maturing 06/30/2026, with a market
value of $134,964
|
$132,185
|
|
|
|
Total Short-Term Investments
(cost $132,185)
|
$132,185
|
|
|
|
Total Investments
(cost $91,269,132)
|
99.6
%
|
$134,123,181
|
|
|
Other Assets and Liabilities
|
0.4
%
|
473,138
|
|
|
Net Assets
|
100.0
%
|
$134,596,319
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent shareholder report.
|
|
|
17
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
Capital Goods
|
$5,011,785
|
$5,011,785
|
$—
|
$—
|
|
Consumer Discretionary Distribution & Retail
|
10,513,635
|
10,513,635
|
—
|
—
|
|
Consumer Durables & Apparel
|
1,838,094
|
1,838,094
|
—
|
—
|
|
Consumer Services
|
4,895,568
|
4,895,568
|
—
|
—
|
|
Energy
|
1,369,907
|
1,369,907
|
—
|
—
|
|
Equity Real Estate Investment Trusts (REITs)
|
1,846,292
|
1,846,292
|
—
|
—
|
|
Financial Services
|
5,067,810
|
5,067,810
|
—
|
—
|
|
Health Care Equipment & Services
|
3,279,235
|
3,279,235
|
—
|
—
|
|
Media & Entertainment
|
25,540,682
|
25,540,682
|
—
|
—
|
|
Pharmaceuticals, Biotechnology & Life Sciences
|
8,356,405
|
8,356,405
|
—
|
—
|
|
Semiconductors & Semiconductor Equipment
|
26,217,471
|
26,217,471
|
—
|
—
|
|
Software & Services
|
11,834,046
|
11,834,046
|
—
|
—
|
|
Technology Hardware & Equipment
|
23,696,347
|
23,696,347
|
—
|
—
|
|
Telecommunication Services
|
1,100,402
|
1,100,402
|
—
|
—
|
|
Transportation
|
3,423,317
|
3,423,317
|
—
|
—
|
|
Short-Term Investments
|
132,185
|
—
|
132,185
|
—
|
|
Total
|
$134,123,181
|
$133,990,996
|
$132,185
|
$—
|
|
(1)
|
For the period ended October 31, 2024, there were no transfers in and out of Level
3.
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3%
|
|||
|
|
Alabama - 4.2%
|
||
|
$ 2,000,000
|
Alabama Housing Finance Auth, AL, Rev,
(FHLMC), (FNMA), (GNMA) 6.00%,
04/01/2055
|
$2,203,744
|
|
|
|
Black Belt Energy Gas Dist, AL, Rev
|
|
|
|
1,200,000
|
5.00%, 10/01/2055(1)
|
1,274,195
|
|
|
2,000,000
|
5.25%, 12/01/2027
|
2,092,098
|
|
|
330,000
|
5.25%, 12/01/2053(1)
|
356,548
|
|
|
2,855,000
|
5.25%, 05/01/2055(1)
|
3,092,960
|
|
|
2,335,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.50%, 11/01/2053(1)
|
2,552,873
|
|
|
100,000
|
Jefferson County Board of Education, AL,
Special Tax 5.00%, 02/01/2042
|
103,052
|
|
|
2,000,000
|
Lower Alabama Gas Dist, AL, Rev 5.00%,
09/01/2028
|
2,104,661
|
|
|
2,600,000
|
Southeast Alabama Gas Supply Dist, AL, Rev
5.00%, 08/01/2054(1)
|
2,783,254
|
|
|
|
Southeast Energy Auth A Cooperative Dist, AL,
Rev
|
|
|
|
740,000
|
5.00%, 11/01/2055(1)
|
795,511
|
|
|
415,000
|
5.50%, 01/01/2053(1)
|
447,144
|
|
|
1,590,000
|
State of Alabama Docks Department, AL, Rev,
(AGM) 5.00%, 10/01/2026
|
1,623,610
|
|
|
|
|
|
19,429,650
|
|
|
Alaska - 0.3%
|
||
|
1,225,000
|
Northern Tobacco Securitization Corp., AK, Rev
4.00%, 06/01/2039
|
1,212,912
|
|
|
|
Arizona - 0.5%
|
||
|
500,000
|
City of Phoenix Civic Improvement Corp., AZ,
Rev 5.00%, 07/01/2037
|
518,979
|
|
|
|
Maricopa County Industrial Dev Auth, AZ, Rev
|
|
|
|
600,000
|
4.00%, 09/01/2037
|
605,305
|
|
|
230,000
|
4.00%, 10/15/2047(2)
|
204,026
|
|
|
195,000
|
5.00%, 09/01/2031
|
205,751
|
|
|
730,000
|
5.00%, 12/01/2038
|
811,418
|
|
|
|
|
|
2,345,479
|
|
|
California - 10.0%
|
||
|
795,000
|
Bay Area Toll Auth, CA, Rev 3.54%, 04/01/2056,
SIFMA Municipal Swap Index + 0.30%(3)
|
786,164
|
|
|
|
California Community Choice Financing Auth,
CA, Rev
|
|
|
|
755,000
|
5.00%, 12/01/2053(1)
|
799,734
|
|
|
7,000,000
|
5.00%, 02/01/2055(1)(4)
|
7,520,769
|
|
|
3,375,000
|
5.50%, 05/01/2054(1)
|
3,607,469
|
|
|
205,000
|
California Enterprise Dev Auth, CA, Rev 5.00%,
08/01/2045
|
209,125
|
|
|
|
California Municipal Finance Auth, CA, Rev,
|
|
|
|
180,000
|
(BAM) 4.00%, 05/15/2034
|
184,385
|
|
|
600,000
|
(BAM) 4.00%, 05/15/2037
|
609,125
|
|
|
2,250,000
|
5.00%, 06/30/2027
|
2,318,935
|
|
|
835,000
|
California State University, CA, Rev 0.55%,
11/01/2049(1)
|
772,363
|
|
|
185,000
|
Cathedral City Redev Agency Successor
Agency, CA, Tax Allocation, (BAM) 4.00%,
08/01/2032
|
188,792
|
|
|
|
City of Fontana, CA, Special Tax
|
|
|
|
500,000
|
4.00%, 09/01/2041
|
490,373
|
|
|
450,000
|
4.00%, 09/01/2046
|
427,072
|
|
|
525,000
|
4.00%, 09/01/2051
|
485,390
|
|
|
|
City of Los Angeles Department of Airports,
CA, Rev
|
|
|
|
800,000
|
4.00%, 05/15/2036
|
796,745
|
|
|
865,000
|
5.00%, 05/15/2037
|
940,113
|
|
|
150,000
|
Fresno Unified School Dist, CA, GO 0.00%,
08/01/2032(5)
|
112,477
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
California - 10.0% - (continued)
|
||
|
$ 5,670,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 0.00%, 06/01/2066(5)
|
$613,541
|
|
|
15,900,000
|
Los Angeles Department of Water & Power, CA,
Rev 3.15%, 07/01/2057(1)
|
15,900,000
|
|
|
605,000
|
Los Angeles Unified School Dist, CA, GO
5.00%, 07/01/2033
|
709,677
|
|
|
205,000
|
Oakland Unified School Dist, CA, GO, (AGM)
4.00%, 08/01/2034
|
207,563
|
|
|
595,000
|
Regents of the University of California Medical
Center Pooled, CA, Rev 5.00%, 05/15/2036
|
670,717
|
|
|
100,000
|
Romoland School Dist, CA, Special Tax 5.00%,
09/01/2043
|
102,665
|
|
|
475,000
|
San Diego County Regional Airport Auth, CA,
Rev 5.25%, 07/01/2036
|
523,577
|
|
|
|
San Francisco City & County Airport,
Comm-San Francisco International Airport,
CA, Rev
|
|
|
|
345,000
|
4.00%, 05/01/2039
|
340,103
|
|
|
265,000
|
5.00%, 05/01/2050
|
271,657
|
|
|
|
San Joaquin Hills Transportation Corridor
Agency, CA, Rev,
|
|
|
|
80,000
|
(NPFG) 0.00%, 01/15/2026(5)
|
76,739
|
|
|
235,000
|
(NPFG) 0.00%, 01/15/2032(5)
|
179,842
|
|
|
70,000
|
(NPFG) 0.00%, 01/15/2035(5)
|
47,131
|
|
|
1,250,000
|
4.00%, 01/15/2034
|
1,298,951
|
|
|
|
State of California, CA, GO
|
|
|
|
1,500,000
|
2.30%, 05/01/2040(1)
|
1,500,000
|
|
|
1,875,000
|
5.00%, 08/01/2033
|
2,150,232
|
|
|
1,535,000
|
5.00%, 09/01/2036
|
1,747,457
|
|
|
|
|
|
46,588,883
|
|
|
Colorado - 3.6%
|
||
|
|
Baseline Metropolitan Dist. No. 1, CO, GO,
|
|
|
|
375,000
|
(AGC) 5.00%, 12/01/2030
|
406,277
|
|
|
635,000
|
(AGC) 5.00%, 12/01/2032
|
692,803
|
|
|
1,970,000
|
City & County of Denver Airport System, CO,
Rev 5.50%, 11/15/2032
|
2,227,782
|
|
|
|
City of Colorado Springs Utilities System, CO,
Rev
|
|
|
|
160,000
|
5.00%, 11/15/2044
|
176,028
|
|
|
400,000
|
5.00%, 11/15/2049
|
432,350
|
|
|
1,000,000
|
Colorado Bridge & Tunnel Enterprise, CO, Rev,
(AGM) 5.50%, 12/01/2054
|
1,114,295
|
|
|
|
Colorado Health Facs Auth, CO, Rev
|
|
|
|
105,000
|
4.00%, 12/01/2040
|
98,992
|
|
|
1,715,000
|
5.00%, 05/15/2034
|
1,956,039
|
|
|
500,000
|
5.00%, 05/15/2036
|
552,651
|
|
|
345,000
|
5.00%, 05/15/2037
|
379,740
|
|
|
160,000
|
Denver Convention Center Hotel Auth, CO, Rev
5.00%, 12/01/2031
|
162,918
|
|
|
1,000,000
|
E-470 Public Highway Auth, CO, Rev 3.98%,
09/01/2039, 1 mo. USD SOFR + 0.75%(3)
|
999,814
|
|
|
1,030,000
|
Park Creek Metropolitan Dist, CO, Rev 5.00%,
12/01/2029
|
1,091,056
|
|
|
300,000
|
Public Auth for Colorado Energy, CO, Rev
6.50%, 11/15/2038
|
360,993
|
|
|
2,100,000
|
Regional Transportation Dist, CO, COP 5.00%,
06/01/2033
|
2,375,598
|
|
|
|
Regional Transportation Dist, CO, Rev
|
|
|
|
500,000
|
4.00%, 07/15/2039
|
492,371
|
|
|
400,000
|
5.00%, 07/15/2029
|
426,515
|
|
|
500,000
|
5.00%, 01/15/2030
|
535,463
|
|
|
100,000
|
5.00%, 07/15/2032
|
107,299
|
|
|
|
University of Colorado Hospital Auth, CO, Rev
|
|
|
|
715,000
|
5.00%, 11/15/2029
|
785,885
|
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Colorado - 3.6% - (continued)
|
||
|
$ 1,000,000
|
5.00%, 11/15/2031
|
$1,122,961
|
|
|
195,000
|
University of Colorado, CO, Rev 2.00%,
06/01/2051(1)
|
191,667
|
|
|
|
|
|
16,689,497
|
|
|
Connecticut - 0.7%
|
||
|
100,000
|
City of Bridgeport, CT, GO, (BAM) 5.00%,
07/15/2034
|
105,518
|
|
|
360,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/15/2042
|
361,666
|
|
|
|
Connecticut State Health & Educational Facs
Auth, CT, Rev
|
|
|
|
1,060,000
|
1.10%, 07/01/2049(1)
|
1,050,842
|
|
|
1,000,000
|
2.95%, 07/01/2049(1)
|
994,860
|
|
|
845,000
|
State of Connecticut, CT, GO 3.00%,
06/01/2038
|
763,266
|
|
|
|
|
|
3,276,152
|
|
|
District of Columbia - 0.3%
|
||
|
|
Dist of Columbia, DC, Rev
|
|
|
|
250,000
|
5.00%, 07/01/2037
|
251,838
|
|
|
455,000
|
5.00%, 07/01/2042
|
453,436
|
|
|
500,000
|
Metropolitan Washington Airports Auth, Aviation,
DC, Rev 5.00%, 10/01/2035
|
534,854
|
|
|
|
|
|
1,240,128
|
|
|
Florida - 2.1%
|
||
|
500,000
|
Alachua County School Board, FL, COP, (AGM)
5.00%, 07/01/2028
|
535,996
|
|
|
185,000
|
Capital Projects Finance Auth, FL, Rev 5.00%,
10/01/2027
|
190,653
|
|
|
125,000
|
City of Atlantic Beach, FL, Rev 5.00%,
11/15/2043
|
127,565
|
|
|
270,000
|
County of Broward Airport System, FL, Rev
4.00%, 10/01/2044
|
254,401
|
|
|
1,440,000
|
County of Miami-Dade Aviation, FL, Rev 5.00%,
10/01/2036
|
1,540,825
|
|
|
|
County of Miami-Dade Seaport Department, FL,
Rev
|
|
|
|
1,085,000
|
5.00%, 10/01/2035
|
1,181,472
|
|
|
200,000
|
5.00%, 10/01/2036
|
217,112
|
|
|
445,000
|
Escambia County Health Facs Auth, FL, Rev
4.00%, 08/15/2045
|
404,876
|
|
|
1,000,000
|
Greater Orlando Aviation Auth, FL, Rev 5.00%,
10/01/2037
|
1,022,926
|
|
|
160,000
|
Lee County Industrial Dev Auth, FL, Rev 4.13%,
11/15/2029
|
160,250
|
|
|
500,000
|
Middleton Community Dev Dist A, FL, Special
Assessment 4.75%, 05/01/2055
|
491,393
|
|
|
950,000
|
Orlando Utilities Commission, FL, Rev 1.25%,
10/01/2046(1)
|
849,625
|
|
|
|
Polk County Industrial Dev Auth, FL, Rev
|
|
|
|
480,000
|
5.00%, 01/01/2029
|
490,766
|
|
|
190,000
|
5.00%, 01/01/2055
|
182,584
|
|
|
445,000
|
St. Johns County Industrial Dev Auth, FL, Rev
4.00%, 12/15/2046
|
363,163
|
|
|
155,000
|
Village Community Dev Dist No. 13, FL, Special
Assessment 2.55%, 05/01/2031
|
142,670
|
|
|
1,210,000
|
Village Community Dev Dist No. 14, FL, Special
Assessment 5.13%, 05/01/2037
|
1,268,742
|
|
|
500,000
|
Village Community Dev Dist No. 15, FL, Special
Assessment 4.80%, 05/01/2055(2)
|
498,974
|
|
|
|
|
|
9,923,993
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Georgia - 3.3%
|
||
|
$ 1,350,000
|
Bartow County Dev Auth, GA, Rev 3.95%,
12/01/2032(1)
|
$1,384,756
|
|
|
|
City of Atlanta Department of Aviation, GA, Rev
|
|
|
|
320,000
|
5.00%, 07/01/2031
|
358,515
|
|
|
250,000
|
5.00%, 07/01/2032
|
283,221
|
|
|
200,000
|
5.00%, 07/01/2033
|
228,289
|
|
|
100,000
|
Dev Auth of Appling County, GA, Rev 1.50%,
01/01/2038(1)
|
98,971
|
|
|
400,000
|
Dev Auth of Burke County, GA, Rev 1.50%,
01/01/2040(1)
|
395,883
|
|
|
285,000
|
Dev Auth of Monroe County, GA, Rev 3.88%,
10/01/2048(1)
|
287,165
|
|
|
215,000
|
Georgia Housing & Finance Auth, GA, Rev
5.00%, 12/01/2042
|
228,971
|
|
|
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
|
2,950,000
|
4.00%, 05/01/2052(1)
|
2,987,412
|
|
|
1,760,000
|
5.00%, 07/01/2053(1)
|
1,865,290
|
|
|
475,000
|
5.00%, 09/01/2053(1)
|
505,220
|
|
|
1,225,000
|
5.00%, 12/01/2053(1)
|
1,302,051
|
|
|
275,000
|
5.00%, 04/01/2054(1)
|
295,255
|
|
|
1,380,000
|
5.00%, 05/01/2054(1)
|
1,471,452
|
|
|
1,200,000
|
5.50%, 09/15/2025
|
1,216,140
|
|
|
|
Municipal Electric Auth of Georgia, GA, Rev,
|
|
|
|
840,000
|
(AGM) 4.00%, 01/01/2041
|
832,249
|
|
|
1,000,000
|
(AGM) 5.00%, 07/01/2048
|
1,056,659
|
|
|
520,000
|
5.00%, 07/01/2052
|
539,657
|
|
|
|
|
|
15,337,156
|
|
|
Hawaii - 0.0%
|
||
|
100,000
|
State of Hawaii Airports System, HI, Rev
5.00%, 07/01/2031
|
104,086
|
|
|
|
Idaho - 2.6%
|
||
|
|
Idaho Health Facs Auth, ID, Rev
|
|
|
|
10,000,000
|
3.95%, 03/01/2048(1)
|
10,000,000
|
|
|
820,000
|
4.00%, 03/01/2046
|
784,222
|
|
|
1,075,000
|
Idaho Housing & Finance Association, ID, Rev,
(FHLMC), (FNMA), (GNMA) 5.75%,
01/01/2053
|
1,167,221
|
|
|
|
|
|
11,951,443
|
|
|
Illinois - 9.7%
|
||
|
|
Chicago Board of Education Dedicated Capital
Improvement Tax, IL, Rev
|
|
|
|
250,000
|
5.00%, 04/01/2033
|
257,758
|
|
|
380,000
|
5.25%, 04/01/2035
|
418,934
|
|
|
250,000
|
5.25%, 04/01/2036
|
274,334
|
|
|
|
Chicago Board of Education, IL, GO,
|
|
|
|
110,000
|
(NPFG) 0.00%, 12/01/2026(5)
|
101,497
|
|
|
380,000
|
4.00%, 12/01/2047
|
313,614
|
|
|
250,000
|
5.00%, 12/01/2024
|
250,222
|
|
|
500,000
|
5.00%, 12/01/2028
|
518,439
|
|
|
1,100,000
|
5.00%, 12/01/2032
|
1,140,412
|
|
|
400,000
|
5.00%, 12/01/2046
|
390,570
|
|
|
2,500,000
|
5.25%, 12/01/2036
|
2,643,748
|
|
|
370,000
|
Chicago Midway International Airport, IL, Rev,
(BAM) 5.50%, 01/01/2038
|
414,679
|
|
|
|
Chicago O'Hare International Airport, IL, Rev
|
|
|
|
650,000
|
4.50%, 01/01/2048
|
646,666
|
|
|
825,000
|
5.00%, 01/01/2032
|
914,870
|
|
|
200,000
|
(BAM) 5.00%, 01/01/2037
|
221,545
|
|
|
1,785,000
|
(BAM) 5.00%, 01/01/2038
|
1,964,669
|
|
|
1,000,000
|
Chicago Park Dist, IL, GO 5.00%, 01/01/2038
|
1,095,784
|
|
|
275,000
|
Chicago Transit Auth Sales Tax Receipts Fund,
IL, Rev 5.00%, 12/01/2045
|
284,552
|
|
|
|
City of Chicago Wastewater Transmission, IL,
Rev,
|
|
|
|
695,000
|
(BAM) 5.00%, 01/01/2041
|
765,319
|
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Illinois - 9.7% - (continued)
|
||
|
$ 90,000
|
(NPFG) 5.50%, 01/01/2030
|
$94,879
|
|
|
530,000
|
City of Chicago Waterworks, IL, Rev, (AGM)
5.00%, 11/01/2037
|
578,406
|
|
|
500,000
|
City of Chicago, IL, GO, (NPFG) 0.00%,
01/01/2026(5)
|
479,880
|
|
|
1,385,000
|
City of Granite City, IL, Rev 1.25%,
05/01/2027(1)
|
1,291,276
|
|
|
900,000
|
Cook County Community College Dist No. 508,
IL, GO, (BAM) 5.00%, 12/01/2038
|
974,270
|
|
|
335,000
|
County of Cook Sales Tax, IL, Rev 5.00%,
11/15/2030
|
369,663
|
|
|
265,000
|
County of Cook, IL, GO 5.00%, 11/15/2032
|
290,685
|
|
|
|
Illinois Finance Auth, IL, Rev
|
|
|
|
640,000
|
4.00%, 07/15/2039
|
637,666
|
|
|
235,000
|
5.00%, 08/15/2033
|
254,844
|
|
|
150,000
|
5.00%, 11/15/2045
|
150,777
|
|
|
305,000
|
5.00%, 05/15/2050(1)
|
305,154
|
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
|
6,185,000
|
(FHLMC), (FNMA), (GNMA) 3.05%,
02/01/2038(1)
|
6,185,000
|
|
|
880,000
|
(FHLMC), (FNMA), (GNMA) 5.50%,
10/01/2053
|
943,936
|
|
|
470,000
|
(FHLMC), (FNMA), (GNMA) 5.75%,
10/01/2053
|
503,012
|
|
|
1,615,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
10/01/2054
|
1,755,360
|
|
|
|
Illinois State Toll Highway Auth, IL, Rev
|
|
|
|
320,000
|
4.00%, 01/01/2040
|
320,743
|
|
|
460,000
|
5.00%, 01/01/2037
|
519,658
|
|
|
625,000
|
Kane County School Dist No. 131 Aurora East
Side, IL, GO, (AGM) 5.00%, 12/01/2025
|
636,512
|
|
|
100,000
|
Kane McHenry Cook & De Kalb Counties Unit
School Dist No. 300, IL, GO 5.00%,
01/01/2032
|
104,070
|
|
|
150,000
|
Kendall Kane & Will Counties Community Unit
School Dist No. 308, IL, GO, (AGM) 0.00%,
02/01/2027(5)
|
138,678
|
|
|
|
Metropolitan Pier & Exposition Auth, IL, Rev,
|
|
|
|
205,000
|
(NPFG) 0.00%, 12/15/2025(5)
|
196,970
|
|
|
595,000
|
4.00%, 12/15/2042
|
577,671
|
|
|
|
Sales Tax Securitization Corp., IL, Rev
|
|
|
|
785,000
|
4.00%, 01/01/2038
|
784,597
|
|
|
1,785,000
|
5.00%, 01/01/2026
|
1,826,930
|
|
|
500,000
|
5.00%, 01/01/2029
|
528,011
|
|
|
550,000
|
5.00%, 01/01/2030
|
598,916
|
|
|
1,870,000
|
5.00%, 01/01/2037
|
1,968,550
|
|
|
|
St. Clair County Community Unit School Dist
No. 187 Cahokia, IL, GO,
|
|
|
|
240,000
|
(AGM) 5.00%, 01/01/2029
|
256,341
|
|
|
250,000
|
(AGM) 5.00%, 01/01/2030
|
270,471
|
|
|
250,000
|
(AGM) 5.00%, 01/01/2031
|
272,739
|
|
|
320,000
|
(AGM) 5.00%, 01/01/2032
|
352,085
|
|
|
|
State of Illinois Sales Tax, IL, Rev
|
|
|
|
115,000
|
5.00%, 06/15/2027
|
117,901
|
|
|
1,000,000
|
5.00%, 06/15/2035
|
1,112,524
|
|
|
|
State of Illinois, IL, GO
|
|
|
|
450,000
|
5.00%, 12/01/2024
|
450,433
|
|
|
1,010,000
|
5.00%, 11/01/2025
|
1,025,114
|
|
|
4,750,000
|
5.00%, 12/01/2042
|
5,064,882
|
|
|
550,000
|
5.50%, 03/01/2042
|
601,008
|
|
|
100,000
|
Village of Bolingbrook, IL, GO, (AGM) 5.00%,
01/01/2028
|
105,837
|
|
|
|
|
|
45,263,061
|
|
|
Indiana - 1.6%
|
||
|
264,435
|
City of Evansville, IN, Rev, (FNMA) 3.00%,
06/01/2034
|
231,498
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Indiana - 1.6% - (continued)
|
||
|
$ 2,550,000
|
City of Whiting, IN, Rev 4.40%, 11/01/2045(1)
|
$2,625,293
|
|
|
195,000
|
Crown Point Multi School Building Corp., IN,
Rev, (ST INTERCEPT) 5.00%, 01/15/2029
|
211,185
|
|
|
3,000,000
|
Indiana Finance Auth, IN, Rev 5.00%,
10/01/2042
|
3,247,493
|
|
|
|
Northwest Allen School Building Corp., IN, Rev,
|
|
|
|
1,150,000
|
(ST INTERCEPT) 5.00%, 07/15/2040
|
1,273,199
|
|
|
115,000
|
(ST INTERCEPT) 5.00%, 07/15/2041
|
126,701
|
|
|
|
|
|
7,715,369
|
|
|
Iowa - 0.5%
|
||
|
575,000
|
Iowa Finance Auth, IA, Rev 5.00%, 02/15/2027
|
595,038
|
|
|
|
Iowa Student Loan Liquidity Corp., IA, Rev
|
|
|
|
350,000
|
5.00%, 12/01/2025
|
354,334
|
|
|
1,415,000
|
5.00%, 12/01/2033
|
1,489,143
|
|
|
95,000
|
Iowa Tobacco Settlement Auth, IA, Rev 4.00%,
06/01/2049
|
93,958
|
|
|
|
|
|
2,532,473
|
|
|
Kentucky - 0.5%
|
||
|
1,250,000
|
Kentucky Public Energy Auth, KY, Rev 5.25%,
04/01/2054(1)
|
1,357,441
|
|
|
870,000
|
Kentucky State Property & Building
Commission, KY, Rev 5.00%, 11/01/2038
|
977,132
|
|
|
|
|
|
2,334,573
|
|
|
Louisiana - 0.7%
|
||
|
325,000
|
East Baton Rouge Sewerage Commission, LA,
Rev 1.30%, 02/01/2041(1)
|
289,944
|
|
|
|
Louisiana Public Facs Auth, LA, Rev,
|
|
|
|
515,000
|
(AGC) 5.00%, 08/01/2030
|
568,152
|
|
|
335,000
|
(AGC) 5.00%, 08/01/2032
|
375,215
|
|
|
|
New Orleans Aviation Board, LA, Rev
|
|
|
|
150,000
|
5.00%, 01/01/2029
|
161,212
|
|
|
200,000
|
5.00%, 01/01/2030
|
217,450
|
|
|
305,000
|
Parish of St John the Baptist, LA, Rev 2.38%,
06/01/2037(1)
|
298,888
|
|
|
|
State of Louisiana Gasoline & Fuels Tax, LA,
Rev
|
|
|
|
480,000
|
3.87%, 05/01/2043, 1 mo. USD SOFR +
0.50%(3)
|
478,134
|
|
|
835,000
|
5.00%, 05/01/2032
|
934,240
|
|
|
|
|
|
3,323,235
|
|
|
Maine - 0.1%
|
||
|
275,000
|
Maine Health & Higher Educational Facs Auth,
ME, Rev, (AGM), (ST INTERCEPT) 4.00%,
07/01/2035
|
277,249
|
|
|
|
Maryland - 0.1%
|
||
|
475,000
|
Maryland Health & Higher Educational Facs
Auth, MD, Rev 5.00%, 07/01/2049(4)
|
505,125
|
|
|
|
Massachusetts - 2.8%
|
||
|
1,190,000
|
Massachusetts Bay Transportation Auth Sales
Tax, MA, Rev 5.00%, 07/01/2041
|
1,338,436
|
|
|
|
Massachusetts Dev Finance Agency, MA, Rev
|
|
|
|
405,000
|
3.84%, 07/01/2049, SIFMA Municipal Swap
Index + 0.60%(2)(3)
|
403,452
|
|
|
1,810,000
|
4.00%, 07/15/2036
|
1,824,817
|
|
|
1,000,000
|
5.00%, 07/01/2025
|
1,010,085
|
|
|
680,000
|
5.00%, 07/01/2031
|
696,065
|
|
|
675,000
|
5.00%, 07/01/2034
|
690,735
|
|
|
350,000
|
5.00%, 07/01/2044
|
350,543
|
|
|
100,000
|
5.00%, 07/01/2048
|
101,662
|
|
|
380,000
|
5.00%, 10/01/2057(2)
|
381,322
|
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Massachusetts - 2.8% - (continued)
|
||
|
$ 1,000,000
|
5.00%, 07/01/2060(2)
|
$1,010,654
|
|
|
|
Massachusetts Educational Financing Auth, MA,
Rev
|
|
|
|
1,000,000
|
5.00%, 01/01/2025
|
1,001,796
|
|
|
100,000
|
5.00%, 07/01/2026
|
102,332
|
|
|
110,000
|
5.00%, 07/01/2027
|
114,081
|
|
|
4,200,000
|
Massachusetts Health & Educational Facs Auth,
MA, Rev 2.75%, 07/01/2027(1)
|
4,200,000
|
|
|
|
|
|
13,225,980
|
|
|
Michigan - 2.1%
|
||
|
1,250,000
|
Detroit Downtown Dev Auth, MI, Tax Allocation
5.00%, 07/01/2048
|
1,299,582
|
|
|
895,000
|
Detroit Regional Convention Facility Auth, MI,
Rev 5.00%, 10/01/2036
|
987,532
|
|
|
570,000
|
Great Lakes Water Auth Water Supply System,
MI, Rev 5.00%, 07/01/2037
|
642,004
|
|
|
|
Michigan Finance Auth, MI, Rev
|
|
|
|
1,250,000
|
4.00%, 11/15/2046
|
1,149,073
|
|
|
750,000
|
5.00%, 11/01/2032
|
796,328
|
|
|
600,000
|
5.25%, 02/29/2040
|
656,250
|
|
|
100,000
|
5.25%, 02/28/2041
|
108,679
|
|
|
|
Michigan State Housing Dev Auth, MI, Rev
|
|
|
|
425,000
|
3.45%, 12/01/2030
|
420,154
|
|
|
465,000
|
4.25%, 06/01/2049
|
467,272
|
|
|
290,000
|
4.25%, 12/01/2049
|
292,026
|
|
|
1,245,000
|
5.75%, 06/01/2054
|
1,330,868
|
|
|
|
Michigan Strategic Fund, MI, Rev
|
|
|
|
695,000
|
3.35%, 10/01/2049(1)
|
690,744
|
|
|
540,000
|
3.88%, 06/01/2053(1)
|
544,949
|
|
|
275,000
|
New Haven Community Schools, MI, GO,
(Q-SBLF) 5.00%, 05/01/2032
|
297,801
|
|
|
|
|
|
9,683,262
|
|
|
Minnesota - 0.6%
|
||
|
575,000
|
Duluth Independent School Dist No. 709, MN,
COP, (SD CRED PROG) 5.00%, 02/01/2025
|
577,156
|
|
|
379,732
|
Freddie Mac Multifamily ML Certificates, MN,
Rev 2.54%, 06/25/2037
|
325,204
|
|
|
750,000
|
Minnesota Higher Education Facs Auth, MN,
Rev 3.00%, 10/01/2038
|
661,655
|
|
|
|
Minnesota Housing Finance Agency, MN, Rev,
|
|
|
|
515,000
|
(FHLMC), (FNMA), (GNMA) 5.05%,
07/01/2031
|
537,312
|
|
|
530,000
|
(FHLMC), (FNMA), (GNMA) 5.05%,
01/01/2032
|
550,238
|
|
|
|
|
|
2,651,565
|
|
|
Mississippi - 0.2%
|
||
|
1,000,000
|
State of Mississippi Gaming Tax, MS, Rev
5.00%, 10/15/2029
|
1,065,282
|
|
|
|
Missouri - 0.9%
|
||
|
|
City of St Louis Airport, MO, Rev,
|
|
|
|
750,000
|
(AGM) 5.00%, 07/01/2037
|
841,886
|
|
|
100,000
|
(AGM) 5.00%, 07/01/2039
|
110,899
|
|
|
|
Health & Educational Facs Auth of the State of
Missouri, MO, Rev
|
|
|
|
850,000
|
4.00%, 01/01/2050(1)
|
797,495
|
|
|
555,000
|
5.00%, 06/01/2032
|
617,853
|
|
|
1,285,000
|
Missouri Housing Dev Commission, MO, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%,
05/01/2047
|
1,293,979
|
|
|
650,000
|
St. Louis County Industrial Dev Auth, MO, Rev
5.00%, 09/01/2028
|
673,445
|
|
|
|
|
|
4,335,557
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Montana - 0.2%
|
||
|
$ 985,000
|
Montana Board of Housing, MT, Rev 6.00%,
12/01/2054
|
$1,074,884
|
|
|
|
Nebraska - 0.8%
|
||
|
|
Central Plains Energy Project, NE, Rev
|
|
|
|
1,500,000
|
4.00%, 12/01/2049(1)
|
1,505,003
|
|
|
1,365,000
|
5.00%, 05/01/2054(1)
|
1,440,019
|
|
|
300,000
|
County of Washington, NE, Rev 0.90%,
09/01/2030(1)
|
293,304
|
|
|
500,000
|
Nebraska Investment Finance Auth, NE, Rev,
(FHLMC), (FNMA), (GNMA) 5.00%,
03/01/2049
|
512,138
|
|
|
|
|
|
3,750,464
|
|
|
Nevada - 0.9%
|
||
|
260,000
|
City of North Las Vegas, NV, Special
Assessment 4.50%, 06/01/2039
|
249,535
|
|
|
280,000
|
City of Reno, NV, Rev, (AGM) 5.00%,
06/01/2033
|
294,958
|
|
|
300,000
|
Clark County School Dist, NV, GO 5.00%,
06/15/2035
|
317,254
|
|
|
2,850,000
|
County of Clark Department of Aviation, NV,
Rev 5.00%, 07/01/2026
|
2,919,927
|
|
|
250,000
|
County of Clark Passenger Facility Charge, NV,
Rev 5.00%, 07/01/2028
|
268,619
|
|
|
200,000
|
Las Vegas Convention & Visitors Auth, NV, Rev
5.00%, 07/01/2029
|
200,047
|
|
|
|
|
|
4,250,340
|
|
|
New Hampshire - 1.0%
|
||
|
|
New Hampshire Business Finance Auth, NH,
Rev
|
|
|
|
1,295,000
|
4.00%, 12/01/2028
|
1,298,443
|
|
|
80,000
|
4.00%, 01/01/2041
|
73,456
|
|
|
650,000
|
(BAM) 5.00%, 06/01/2036
|
715,922
|
|
|
715,000
|
(BAM) 5.00%, 12/01/2036
|
786,237
|
|
|
860,000
|
(BAM) 5.00%, 12/01/2037
|
942,760
|
|
|
665,000
|
(BAM) 5.00%, 12/01/2038
|
725,996
|
|
|
|
|
|
4,542,814
|
|
|
New Jersey - 1.8%
|
||
|
830,000
|
New Jersey Educational Facs Auth, NJ, Rev,
(AGM) 5.00%, 07/01/2043
|
922,134
|
|
|
430,000
|
New Jersey Higher Education Student
Assistance Auth, NJ, Rev 5.00%, 12/01/2025
|
435,644
|
|
|
3,840,000
|
New Jersey Transportation Trust Fund Auth, NJ,
Rev 5.00%, 06/15/2032
|
4,259,921
|
|
|
|
New Jersey Turnpike Auth, NJ, Rev
|
|
|
|
465,000
|
5.00%, 01/01/2034
|
530,520
|
|
|
1,695,000
|
5.00%, 01/01/2042
|
1,869,549
|
|
|
325,000
|
Newark Board of Education, NJ, GO, (BAM)
5.00%, 07/15/2027
|
341,958
|
|
|
250,000
|
Tobacco Settlement Financing Corp., NJ, Rev
5.00%, 06/01/2029
|
263,346
|
|
|
|
|
|
8,623,072
|
|
|
New Mexico - 1.5%
|
||
|
4,250,000
|
City of Santa Fe, NM, Rev 5.00%, 05/15/2049
|
4,232,641
|
|
|
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
|
750,000
|
(FHLMC), (FNMA), (GNMA) 2.70%,
09/01/2047
|
545,159
|
|
|
35,000
|
(FHLMC), (FNMA), (GNMA) 4.00%,
01/01/2049
|
35,047
|
|
|
1,830,000
|
(FHLMC), (FNMA), (GNMA) 6.50%,
09/01/2054
|
2,023,702
|
|
|
|
|
|
6,836,549
|
|
|
22
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
New York - 10.5%
|
||
|
|
City of New York, NY, GO
|
|
|
|
$ 530,000
|
5.00%, 04/01/2036
|
$557,707
|
|
|
1,800,000
|
5.00%, 08/01/2036
|
2,035,286
|
|
|
2,500,000
|
5.00%, 09/01/2037
|
2,816,200
|
|
|
500,000
|
5.00%, 09/01/2038
|
561,574
|
|
|
|
Empire State Dev Corp., NY, Rev
|
|
|
|
2,000,000
|
4.00%, 03/15/2037
|
2,042,096
|
|
|
515,000
|
5.00%, 03/15/2038
|
534,420
|
|
|
|
Long Island Power Auth, NY, Rev
|
|
|
|
500,000
|
0.85%, 09/01/2050(1)
|
486,646
|
|
|
295,000
|
5.00%, 09/01/2033
|
313,557
|
|
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
2,000,000
|
5.00%, 11/15/2029
|
2,030,704
|
|
|
265,000
|
5.00%, 11/15/2032
|
268,662
|
|
|
195,000
|
5.00%, 11/15/2033
|
211,279
|
|
|
1,000,000
|
5.00%, 11/15/2045(1)
|
1,075,470
|
|
|
575,000
|
5.00%, 11/15/2048
|
596,545
|
|
|
|
New York City Industrial Dev Agency, NY, Rev,
|
|
|
|
670,000
|
(AGM) 3.00%, 01/01/2033
|
641,128
|
|
|
150,000
|
(AGM) 5.00%, 03/01/2030
|
163,754
|
|
|
|
New York City Municipal Water Finance Auth,
NY, Rev
|
|
|
|
1,200,000
|
3.00%, 06/15/2040
|
1,032,413
|
|
|
7,000,000
|
3.90%, 06/15/2045(1)
|
7,000,000
|
|
|
690,000
|
4.13%, 06/15/2047
|
679,522
|
|
|
500,000
|
5.00%, 06/15/2040
|
531,817
|
|
|
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev
|
|
|
|
185,000
|
4.00%, 11/01/2035
|
189,602
|
|
|
580,000
|
4.00%, 11/01/2036
|
593,247
|
|
|
2,305,000
|
4.00%, 02/01/2038
|
2,350,542
|
|
|
1,000,000
|
4.00%, 11/01/2038
|
1,017,854
|
|
|
570,000
|
5.00%, 05/01/2038
|
603,592
|
|
|
|
New York City Transitional Finance Auth, NY,
Rev
|
|
|
|
200,000
|
5.00%, 05/01/2037
|
223,406
|
|
|
390,000
|
5.00%, 02/01/2038
|
435,257
|
|
|
1,360,000
|
5.00%, 05/01/2038
|
1,512,924
|
|
|
|
New York Liberty Dev Corp., NY, Rev
|
|
|
|
450,000
|
0.95%, 11/15/2027
|
406,473
|
|
|
405,000
|
2.75%, 02/15/2044
|
310,579
|
|
|
2,175,000
|
5.00%, 11/15/2044(2)
|
2,174,956
|
|
|
|
New York State Dormitory Auth, NY, Rev
|
|
|
|
1,000,000
|
3.00%, 03/15/2041
|
864,427
|
|
|
1,650,000
|
4.00%, 03/15/2038
|
1,676,322
|
|
|
675,000
|
4.00%, 03/15/2040
|
677,885
|
|
|
630,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
10/01/2037
|
700,221
|
|
|
245,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
10/01/2038
|
271,986
|
|
|
1,900,000
|
New York State Housing Finance Agency, NY,
Rev 3.20%, 11/15/2037(1)
|
1,900,000
|
|
|
|
New York Transportation Dev Corp., NY, Rev,
|
|
|
|
370,000
|
(AGC) 0.00%, 12/31/2054(4)(6)
|
237,582
|
|
|
130,000
|
5.00%, 12/01/2024
|
130,088
|
|
|
1,495,000
|
(AGM) 5.00%, 06/30/2049
|
1,546,980
|
|
|
|
Port Auth of New York & New Jersey, NY, Rev
|
|
|
|
500,000
|
3.00%, 10/01/2027
|
490,445
|
|
|
185,000
|
4.00%, 07/15/2040
|
186,341
|
|
|
3,000,000
|
5.00%, 09/01/2031
|
3,238,889
|
|
|
800,000
|
5.00%, 11/15/2035
|
815,036
|
|
|
835,000
|
5.00%, 01/15/2037
|
888,557
|
|
|
290,000
|
5.00%, 12/01/2037
|
309,378
|
|
|
700,000
|
5.00%, 11/01/2038
|
727,102
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
New York - 10.5% - (continued)
|
||
|
$ 500,000
|
5.00%, 12/01/2038
|
$531,509
|
|
|
260,000
|
Triborough Bridge & Tunnel Auth, NY, Rev
5.00%, 11/15/2049
|
272,834
|
|
|
|
|
|
48,862,794
|
|
|
North Carolina - 0.8%
|
||
|
880,000
|
North Carolina Housing Finance Agency, NC,
Rev, (FHLMC), (FNMA), (GNMA) 3.75%,
07/01/2052
|
879,831
|
|
|
|
North Carolina Medical Care Commission, NC,
Rev
|
|
|
|
255,000
|
4.00%, 01/01/2025
|
254,654
|
|
|
1,455,000
|
4.00%, 09/01/2051
|
1,233,831
|
|
|
325,000
|
4.25%, 09/01/2028(4)
|
325,463
|
|
|
395,000
|
5.00%, 01/01/2038
|
405,560
|
|
|
145,000
|
5.00%, 01/01/2039
|
140,007
|
|
|
210,000
|
5.00%, 01/01/2044
|
212,750
|
|
|
500,000
|
5.50%, 09/01/2054(4)
|
507,957
|
|
|
|
|
|
3,960,053
|
|
|
North Dakota - 0.1%
|
||
|
605,000
|
North Dakota Housing Finance Agency, ND, Rev
6.25%, 01/01/2055
|
676,954
|
|
|
|
Ohio - 2.3%
|
||
|
|
American Municipal Power, Inc., OH, Rev
|
|
|
|
1,000,000
|
4.00%, 02/15/2036
|
1,018,803
|
|
|
1,000,000
|
4.00%, 02/15/2037
|
1,015,267
|
|
|
1,230,000
|
Buckeye Tobacco Settlement Financing Auth,
OH, Rev 5.00%, 06/01/2055
|
1,110,622
|
|
|
100,000
|
Cleveland Department of Public Utilities Division
of Public Power, OH, Rev, (AGM) 5.00%,
11/15/2030
|
106,178
|
|
|
250,000
|
County of Allen Hospital Facs, OH, Rev 5.00%,
12/01/2029
|
272,587
|
|
|
1,435,000
|
Jefferson County Port Auth, OH, Rev 5.00%,
12/01/2053(1)(2)
|
1,462,548
|
|
|
555,000
|
Lancaster Port Auth, OH, Rev 5.00%,
02/01/2055(1)(4)
|
590,523
|
|
|
845,000
|
Ohio Air Quality Dev Auth, OH, Rev 4.00%,
09/01/2030(1)
|
853,426
|
|
|
|
Ohio Housing Finance Agency, OH, Rev,
|
|
|
|
370,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
09/01/2032(4)
|
432,468
|
|
|
360,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
03/01/2033(4)
|
421,991
|
|
|
250,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
03/01/2034(4)
|
294,484
|
|
|
665,000
|
(FHLMC), (FNMA), (GNMA) 6.25%,
03/01/2055
|
734,806
|
|
|
|
Port of Greater Cincinnati Dev Auth, OH, Rev
|
|
|
|
1,235,000
|
5.00%, 12/01/2037
|
1,377,588
|
|
|
755,000
|
5.00%, 12/01/2038
|
842,250
|
|
|
360,000
|
State of Ohio, OH, Rev 2.75%, 01/01/2052(1)
|
352,529
|
|
|
|
|
|
10,886,070
|
|
|
Oklahoma - 0.3%
|
||
|
925,000
|
Canadian County Educational Facs Auth, OK,
Rev 5.00%, 09/01/2033
|
1,028,630
|
|
|
555,000
|
Grand River Dam Auth, OK, Rev 5.00%,
06/01/2041
|
613,674
|
|
|
|
|
|
1,642,304
|
|
|
Oregon - 1.2%
|
||
|
30,000
|
Benton & Linn Counties Consolidated School
Dist No. 509J & 509A Corvallis, OR, GO,
(SCH BD GTY) 5.00%, 06/15/2038(6)
|
31,548
|
|
|
|
23
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Oregon - 1.2% - (continued)
|
||
|
$ 20,000
|
Marion County School Dist No. 15 North Marion,
OR, GO, (SCH BD GTY) 0.00%,
06/15/2037(5)
|
$11,722
|
|
|
115,000
|
Multnomah & Clackamas Counties School Dist
No. 10JT Gresham-Barlow, OR, GO, (SCH
BD GTY) 0.00%, 06/15/2038(5)
|
63,864
|
|
|
|
Port of Portland Airport, OR, Rev
|
|
|
|
270,000
|
5.00%, 07/01/2029
|
287,280
|
|
|
575,000
|
5.00%, 07/01/2030
|
614,909
|
|
|
1,910,000
|
5.00%, 07/01/2038
|
2,021,103
|
|
|
1,000,000
|
5.00%, 07/01/2044
|
1,023,743
|
|
|
1,250,000
|
5.25%, 07/01/2040
|
1,376,517
|
|
|
|
Salem Hospital Facility Auth, OR, Rev
|
|
|
|
40,000
|
5.00%, 05/15/2038
|
40,489
|
|
|
30,000
|
5.00%, 05/15/2048
|
29,514
|
|
|
30,000
|
State of Oregon Housing & Community
Services Department, OR, Rev 4.50%,
01/01/2049
|
30,086
|
|
|
45,000
|
State of Oregon, OR, GO 4.00%, 12/01/2048
|
44,942
|
|
|
100,000
|
Washington Clackamas & Yamhill Counties
School Dist No. 88J, OR, GO, (SCH BD GTY)
0.00%, 06/15/2034(5)
|
67,148
|
|
|
|
|
|
5,642,865
|
|
|
Pennsylvania - 3.1%
|
||
|
135,000
|
Armstrong School Dist, PA, GO, (BAM), (ST AID
WITHHLDG) 4.00%, 03/15/2035
|
136,430
|
|
|
735,000
|
City of Philadelphia Water & Wastewater, PA,
Rev, (AGM) 5.00%, 09/01/2036
|
825,841
|
|
|
3,000,000
|
Coatesville School Dist, PA, GO, (BAM), (ST
AID WITHHLDG) 5.25%, 11/15/2037
|
3,208,653
|
|
|
100,000
|
Commonwealth Financing Auth, PA, Rev 5.00%,
06/01/2027
|
104,735
|
|
|
450,000
|
Doylestown Hospital Auth, PA, Rev 5.38%,
07/01/2039(2)
|
491,144
|
|
|
585,000
|
Hospitals & Higher Education Facs Auth of
Philadelphia, PA, Rev, (AGM) 5.00%,
07/01/2037
|
631,347
|
|
|
345,000
|
Lancaster Industrial Dev Auth, PA, Rev 4.00%,
07/01/2056
|
295,838
|
|
|
|
Montgomery County Industrial Dev Auth, PA,
Rev
|
|
|
|
230,000
|
5.00%, 12/01/2030
|
233,230
|
|
|
240,000
|
5.00%, 12/01/2044
|
242,322
|
|
|
100,000
|
5.00%, 12/01/2046
|
100,284
|
|
|
|
Pennsylvania Economic Dev Financing Auth
Parking System, PA, Rev,
|
|
|
|
465,000
|
(AGM) 5.00%, 01/01/2038
|
496,348
|
|
|
290,000
|
(AGM) 5.00%, 01/01/2040
|
306,135
|
|
|
100,000
|
Pennsylvania Economic Dev Financing Auth,
PA, Rev 5.00%, 05/15/2038
|
110,168
|
|
|
240,000
|
Pennsylvania Higher Education Assistance
Agency, PA, Rev 5.00%, 06/01/2029
|
253,051
|
|
|
|
Pennsylvania Higher Educational Facs Auth, PA,
Rev
|
|
|
|
250,000
|
5.00%, 05/01/2025
|
251,509
|
|
|
750,000
|
5.00%, 05/01/2037
|
762,651
|
|
|
215,000
|
Pennsylvania Housing Finance Agency, PA, Rev
4.00%, 10/01/2038
|
214,239
|
|
|
150,000
|
Pennsylvania Turnpike Commission, PA, Rev
5.00%, 12/01/2030
|
158,435
|
|
|
|
Pittsburgh Water & Sewer Auth, PA, Rev,
|
|
|
|
15,000
|
(AGM) 5.00%, 09/01/2034
|
16,123
|
|
|
1,245,000
|
(AGM) 5.00%, 09/01/2036
|
1,398,874
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Pennsylvania - 3.1% - (continued)
|
||
|
$ 1,000,000
|
(AGM) 5.00%, 09/01/2037
|
$1,119,999
|
|
|
|
School Dist of Philadelphia, PA, GO,
|
|
|
|
280,000
|
(NPFG), (ST AID WITHHLDG) 5.00%,
06/01/2027
|
293,915
|
|
|
610,000
|
(ST AID WITHHLDG) 5.00%, 09/01/2032
|
648,407
|
|
|
875,000
|
(ST AID WITHHLDG) 5.00%, 09/01/2035
|
963,279
|
|
|
590,000
|
School Dist of the City of Erie, PA, GO, (AGM),
(ST AID WITHHLDG) 5.00%, 04/01/2028
|
625,073
|
|
|
375,000
|
Wilkes-Barre Area School Dist, PA, GO, (BAM),
(ST AID WITHHLDG) 5.00%, 04/15/2059
|
386,546
|
|
|
|
|
|
14,274,576
|
|
|
Puerto Rico - 1.3%
|
||
|
2,950,000
|
Commonwealth of Puerto Rico, PR, GO 5.63%,
07/01/2027
|
3,069,928
|
|
|
|
Puerto Rico Sales Tax Financing Corp., PR, Rev
|
|
|
|
3,119,000
|
0.00%, 07/01/2029(5)
|
2,598,422
|
|
|
625,000
|
5.00%, 07/01/2058
|
626,209
|
|
|
|
|
|
6,294,559
|
|
|
Rhode Island - 1.8%
|
||
|
|
Providence Public Building Auth, RI, Rev,
|
|
|
|
1,000,000
|
(AGC) 5.00%, 09/15/2037
|
1,095,050
|
|
|
665,000
|
(AGC) 5.00%, 09/15/2038
|
727,191
|
|
|
|
Rhode Island Health & Educational Building
Corp., RI, Rev,
|
|
|
|
1,250,000
|
(BAM), (ST AID WITHHLDG) 5.00%,
05/15/2032
|
1,393,568
|
|
|
585,000
|
(BAM), (ST AID WITHHLDG) 5.00%,
05/15/2034
|
662,045
|
|
|
3,000,000
|
(AGM), (ST AID WITHHLDG) 5.00%,
05/15/2037
|
3,341,526
|
|
|
|
Rhode Island Student Loan Auth, RI, Rev
|
|
|
|
400,000
|
5.00%, 12/01/2027
|
415,849
|
|
|
765,000
|
5.00%, 12/01/2028
|
804,502
|
|
|
|
|
|
8,439,731
|
|
|
South Carolina - 1.2%
|
||
|
785,000
|
Patriots Energy Group Financing Agency, SC,
Rev 5.25%, 02/01/2054(1)
|
849,019
|
|
|
410,000
|
SCAGO Educational Facs Corp. for Pickens
School Dist, SC, Rev 5.00%, 12/01/2029
|
413,207
|
|
|
|
South Carolina Jobs-Economic Dev Auth, SC,
Rev
|
|
|
|
1,500,000
|
5.00%, 11/01/2036
|
1,677,212
|
|
|
345,000
|
5.00%, 11/01/2037
|
383,877
|
|
|
|
South Carolina Public Service Auth, SC, Rev
|
|
|
|
500,000
|
4.00%, 12/01/2034
|
501,808
|
|
|
625,000
|
4.00%, 12/01/2038
|
626,145
|
|
|
1,200,000
|
South Carolina State Housing Finance & Dev
Auth, SC, Rev 5.75%, 01/01/2054
|
1,301,089
|
|
|
|
|
|
5,752,357
|
|
|
South Dakota - 0.2%
|
||
|
|
South Dakota Housing Dev Auth, SD, Rev
|
|
|
|
400,000
|
4.50%, 11/01/2048
|
402,994
|
|
|
285,000
|
(FHLMC), (FNMA), (GNMA) 6.00%,
05/01/2054
|
304,525
|
|
|
|
|
|
707,519
|
|
|
Tennessee - 0.4%
|
||
|
|
Metropolitan Government Nashville & Davidson
County Health & Educational Facs Board,
TN, Rev
|
|
|
|
515,000
|
5.00%, 05/01/2035
|
561,311
|
|
|
195,000
|
5.00%, 05/01/2038
|
211,512
|
|
|
|
Tennessee Energy Acquisition Corp., TN, Rev
|
|
|
|
295,000
|
5.00%, 02/01/2025
|
295,290
|
|
|
|
24
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 98.3% - (continued)
|
|||
|
|
Tennessee - 0.4% - (continued)
|
||
|
$ 590,000
|
5.00%, 02/01/2027
|
$602,516
|
|
|
55,000
|
Tennessee Housing Dev Agency, TN, Rev
4.00%, 01/01/2049
|
55,070
|
|
|
|
|
|
1,725,699
|
|
|
Texas - 13.7%
|
||
|
|
Arlington Higher Education Finance Corp., TX,
Rev,
|
|
|
|
950,000
|
(PSF-GTD) 5.00%, 02/15/2037
|
1,030,300
|
|
|
450,000
|
(PSF-GTD) 5.00%, 08/15/2037
|
490,255
|
|
|
805,000
|
(PSF-GTD) 5.00%, 08/15/2040
|
868,320
|
|
|
160,000
|
Austin-Bergstrom Landhost Enterprises, Inc.,
TX, Rev 5.00%, 10/01/2029
|
164,290
|
|
|
|
Boerne Independent School Dist, TX, GO,
|
|
|
|
1,060,000
|
(PSF-GTD) 3.13%, 02/01/2053(1)
|
1,055,018
|
|
|
225,000
|
(PSF-GTD) 4.00%, 02/01/2054(1)
|
230,707
|
|
|
500,000
|
Brazos Higher Education Auth, Inc., TX, Rev
5.00%, 04/01/2025
|
502,012
|
|
|
|
Central Texas Regional Mobility Auth, TX, Rev
|
|
|
|
1,425,000
|
4.00%, 01/01/2035
|
1,447,013
|
|
|
505,000
|
4.00%, 01/01/2036
|
510,424
|
|
|
1,490,000
|
5.00%, 01/01/2046
|
1,553,135
|
|
|
|
City of Austin Airport System, TX, Rev
|
|
|
|
1,025,000
|
5.00%, 11/15/2032
|
1,105,094
|
|
|
500,000
|
5.00%, 11/15/2039
|
526,656
|
|
|
|
City of Dallas Hotel Occupancy Tax, TX, Rev
|
|
|
|
1,535,000
|
4.00%, 08/15/2033
|
1,536,729
|
|
|
100,000
|
4.00%, 08/15/2034
|
100,027
|
|
|
535,000
|
City of Dallas, TX, GO 5.00%, 02/15/2028
|
558,518
|
|
|
1,135,000
|
City of Houston Combined Utility System, TX,
Rev, (AGM) 0.00%, 12/01/2024(5)
|
1,131,571
|
|
|
750,000
|
City of Houston Hotel Occupancy Tax & Special,
TX, Rev, (AGM), (AMBAC) 0.00%,
09/01/2025(5)
|
727,834
|
|
|
|
City of San Antonio Electric & Gas Systems,
TX, Rev
|
|
|
|
555,000
|
1.75%, 02/01/2049(1)
|
541,125
|
|
|
245,000
|
5.00%, 02/01/2039
|
271,067
|
|
|
1,410,000
|
Clear Creek Independent School Dist, TX, GO,
(PSF-GTD) 3.60%, 02/15/2035(1)
|
1,411,809
|
|
|
975,000
|
Clifton Higher Education Finance Corp., TX,
Rev, (PSF-GTD) 5.00%, 08/15/2036
|
1,077,480
|
|
|
2,250,000
|
College Station Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 08/15/2044
|
2,231,858
|
|
|
|
Crowley Independent School Dist, TX, GO,
|
|
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2030
|
439,791
|
|
|
450,000
|
(PSF-GTD) 5.00%, 02/01/2031
|
500,177
|
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2032
|
448,363
|
|
|
1,310,000
|
Cypress-Fairbanks Independent School Dist,
TX, GO, (PSF-GTD) 5.00%, 02/15/2037
|
1,461,572
|
|
|
|
Dallas Fort Worth International Airport, TX, Rev
|
|
|
|
1,500,000
|
5.00%, 11/01/2031
|
1,613,169
|
|
|
1,500,000
|
5.00%, 11/01/2032
|
1,616,999
|
|
|
1,000,000
|
Eagle Mountain & Saginaw Independent School
Dist, TX, GO, (PSF-GTD) 5.00%, 08/15/2033
|
1,127,405
|
|
|
500,000
|
Fort Worth Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2033
|
560,832
|
|
|
450,000
|
Harris County Industrial Dev Corp., TX, Rev
4.05%, 11/01/2050(1)
|
452,647
|
|
|
|
Harris County-Houston Sports Auth, TX, Rev,
|
|
|
|
1,510,000
|
| ||