Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 100.2%
|
|||
|
Other Asset-Backed Securities - 100.2%
|
||
$ 1,000,000
|
720 East CLO IV Ltd. 5.86%, 04/15/2037, 3 mo.
USD Term SOFR + 1.60%(1)(2)
|
$1,000,564
|
|
|
720 East CLO Ltd.
|
|
|
420,000
|
5.65%, 04/15/2038, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
420,000
|
|
1,000,000
|
6.41%, 10/15/2036, 3 mo. USD Term SOFR +
2.15%(1)(2)
|
1,001,970
|
|
880,000
|
720 East CLO VI Ltd. 5.63%, 01/20/2038, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
877,175
|
|
2,000,000
|
AGL CLO 3 Ltd. 5.41%, 04/15/2038, 3 mo. USD
Term SOFR + 1.15%(1)(2)
|
1,991,008
|
|
1,000,000
|
AGL CLO 33 Ltd. 5.62%, 07/21/2037, 3 mo. USD
Term SOFR + 1.35%(1)(2)
|
998,229
|
|
1,000,000
|
Apidos CLO Ltd. 5.61%, 01/20/2038, 3 mo. USD
Term SOFR + 1.34%(1)(2)
|
997,604
|
|
2,000,000
|
Apidos CLO XL Ltd. 5.61%, 07/15/2037, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
2,000,796
|
|
600,000
|
Apidos CLO XXVIII 5.93%, 01/20/2031, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
598,921
|
|
800,000
|
Apidos CLO XXXIII Ltd. 6.23%, 04/24/2038, 3 mo.
USD Term SOFR + 1.95%(1)(2)
|
784,274
|
|
1,000,000
|
Apidos CLO XXXIX Ltd. 5.57%, 04/21/2035, 3 mo.
USD Term SOFR + 1.30%(1)(2)
|
996,590
|
|
1,000,000
|
ARES LX CLO Ltd. 5.71%, 07/18/2034, 3 mo. USD
Term SOFR + 1.18%(1)(2)
|
999,193
|
|
800,000
|
ARES LXVII CLO Ltd. 5.98%, 01/25/2038, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
783,051
|
|
|
Ares XLIII CLO Ltd.
|
|
|
500,000
|
5.61%, 01/15/2038, 3 mo. USD Term SOFR +
1.35%(1)(2)
|
499,861
|
|
450,000
|
6.21%, 01/15/2038, 3 mo. USD Term SOFR +
1.95%(1)(2)
|
445,434
|
|
3,750,000
|
Ares XXVII CLO Ltd. 5.43%, 10/28/2034, 3 mo.
USD Term SOFR + 1.15%(1)(2)
|
3,723,011
|
|
1,600,000
|
Assurant CLO I Ltd. 5.71%, 10/20/2034, 3 mo. USD
Term SOFR + 1.44%(1)(2)
|
1,600,550
|
|
|
Bain Capital Credit CLO Ltd.
|
|
|
1,412,077
|
5.20%, 10/17/2032, 3 mo. USD Term SOFR +
0.92%(1)(2)
|
1,406,258
|
|
2,000,000
|
6.09%, 04/16/2036, 3 mo. USD Term SOFR +
1.83%(1)(2)
|
2,001,444
|
|
675,000
|
Ballyrock CLO 15 Ltd. 6.11%, 01/15/2038, 3 mo.
USD Term SOFR + 1.85%(1)(2)
|
663,052
|
|
600,000
|
Ballyrock CLO 21 Ltd. 5.83%, 10/20/2037, 3 mo.
USD Term SOFR + 1.56%(1)(2)
|
596,584
|
|
775,000
|
Ballyrock CLO 28 Ltd. 6.18%, 01/20/2038, 3 mo.
USD Term SOFR + 1.85%(1)(2)
|
773,153
|
|
|
Barings CLO Ltd.
|
|
|
500,000
|
5.52%, 01/15/2038, 3 mo. USD Term SOFR +
1.26%(1)(2)
|
498,835
|
|
1,000,000
|
5.61%, 01/15/2038, 3 mo. USD Term SOFR +
1.35%(1)(2)
|
998,681
|
|
850,000
|
5.64%, 10/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
850,551
|
|
425,000
|
6.16%, 01/15/2038, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
415,996
|
|
290,000
|
6.37%, 01/20/2037, 3 mo. USD Term SOFR +
2.10%(1)(2)
|
290,682
|
|
1,000,000
|
Battalion CLO XIV Ltd. 6.38%, 01/20/2035, 3 mo.
USD Term SOFR + 2.11%(1)(2)
|
998,549
|
|
1,000,000
|
BCC Middle Market CLO LLC 6.02%, 10/15/2033,
3 mo. USD Term SOFR + 1.76%(1)(2)
|
999,493
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 100.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 100.2% - (continued)
|
||
$ 2,000,000
|
Benefit Street Partners CLO XV Ltd. 5.65%,
07/15/2037, 3 mo. USD Term SOFR +
1.39%(1)(2)
|
$1,998,932
|
|
500,000
|
Benefit Street Partners CLO XXXVIII Ltd. 5.62%,
01/25/2038, 3 mo. USD Term SOFR +
1.31%(1)(2)
|
497,851
|
|
1,000,000
|
BlackRock DLF IX-L CLO LP 6.65%, 10/20/2033,
3 mo. USD Term SOFR + 2.38%(1)(2)
|
1,000,429
|
|
1,100,000
|
BlueMountain CLO Ltd. 6.02%, 11/15/2030, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,098,577
|
|
650,000
|
Carlyle Global Market Strategies CLO Ltd. 6.07%,
07/20/2034, 3 mo. USD Term SOFR +
1.80%(1)(2)
|
641,403
|
|
|
Carlyle U.S. CLO Ltd.
|
|
|
1,000,000
|
5.55%, 01/15/2038, 3 mo. USD Term SOFR +
1.29%(1)(2)
|
996,260
|
|
500,000
|
6.26%, 01/15/2040, 3 mo. USD Term SOFR +
2.00%(1)(2)
|
497,651
|
|
|
CIFC Funding Ltd.
|
|
|
250,000
|
5.48%, 04/24/2031, 3 mo. USD Term SOFR +
1.20%(1)(2)
|
249,250
|
|
250,000
|
5.56%, 01/15/2040, 3 mo. USD Term SOFR +
1.30%(1)(2)
|
249,859
|
|
1,000,000
|
5.60%, 04/17/2035, 3 mo. USD Term SOFR +
1.32%(1)(2)
|
997,195
|
|
300,000
|
5.67%, 07/15/2036, 3 mo. USD Term SOFR +
1.41%(1)(2)
|
299,627
|
|
825,000
|
5.71%, 07/16/2037, 3 mo. USD Term SOFR +
1.45%(1)(2)
|
826,444
|
|
1,000,000
|
5.82%, 04/21/2037, 3 mo. USD Term SOFR +
1.55%(1)(2)
|
1,001,295
|
|
1,000,000
|
5.87%, 10/20/2037, 3 mo. USD Term SOFR +
1.60%(1)(2)
|
998,081
|
|
1,120,000
|
6.03%, 04/20/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
1,119,452
|
|
675,000
|
6.06%, 01/15/2038, 3 mo. USD Term SOFR +
1.80%(1)(2)
|
668,787
|
|
250,000
|
6.18%, 07/23/2037, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
247,219
|
|
1,000,000
|
Danby Park CLO Ltd. 5.63%, 10/21/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
999,462
|
|
250,000
|
Dryden 53 CLO Ltd. 5.92%, 01/15/2031, 3 mo.
USD Term SOFR + 1.66%(1)(2)
|
249,661
|
|
1,000,000
|
Dryden 64 CLO Ltd. 6.28%, 04/18/2031, 3 mo.
USD Term SOFR + 2.01%(1)(2)
|
995,046
|
|
1,000,000
|
Dryden 68 CLO Ltd. 5.36%, 07/15/2035, 3 mo.
USD Term SOFR + 1.10%(1)(2)
|
991,713
|
|
1,000,000
|
Dryden 94 CLO Ltd. 5.62%, 10/15/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
997,896
|
|
1,000,000
|
Elmwood CLO 14 Ltd. 5.59%, 04/20/2035, 3 mo.
USD Term SOFR + 1.32%(1)(2)
|
998,156
|
|
1,000,000
|
Elmwood CLO 15 Ltd. 5.61%, 04/22/2035, 3 mo.
USD Term SOFR + 1.34%(1)(2)
|
998,487
|
|
1,000,000
|
Elmwood CLO 19 Ltd. 5.98%, 10/17/2036, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
1,000,658
|
|
3,000,000
|
Elmwood CLO 23 Ltd. 6.06%, 04/16/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
3,001,350
|
|
1,000,000
|
Elmwood CLO II Ltd. 5.62%, 10/20/2037, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
997,686
|
|
1,000,000
|
Empower CLO Ltd. 5.88%, 04/25/2037, 3 mo. USD
Term SOFR + 1.60%(1)(2)
|
1,000,714
|
|
320,000
|
Generate CLO 10 Ltd. 6.12%, 01/22/2038, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
314,236
|
|
1
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 100.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 100.2% - (continued)
|
||
$ 500,000
|
Generate CLO 8 Ltd. 6.37%, 01/20/2038, 3 mo.
USD Term SOFR + 2.10%(1)(2)
|
$497,655
|
|
1,000,000
|
Generate CLO 9 Ltd. 5.62%, 01/20/2038, 3 mo.
USD Term SOFR + 1.35%(1)(2)
|
999,201
|
|
900,000
|
GoldenTree Loan Management U.S. CLO 16 Ltd.
5.39%, 01/20/2038, 3 mo. USD Term SOFR +
1.12%(1)(2)
|
890,189
|
|
250,000
|
GoldenTree Loan Management U.S. CLO 19 Ltd.
5.77%, 04/20/2037, 3 mo. USD Term SOFR +
1.50%(1)(2)
|
249,932
|
|
1,000,000
|
Golub Capital Partners CLO 66B Ltd. 6.23%,
04/25/2036, 3 mo. USD Term SOFR +
1.95%(1)(2)
|
1,000,598
|
|
1,000,000
|
Golub Capital Partners CLO 67M Ltd. 6.80%,
05/09/2036, 3 mo. USD Term SOFR +
2.50%(1)(2)
|
1,000,958
|
|
500,000
|
Greenwood Park CLO Ltd. 5.92%, 04/15/2031,
3 mo. USD Term SOFR + 1.66%(1)(2)
|
499,750
|
|
520,000
|
Hlend CLO LLC 5.97%, 01/20/2037, 3 mo. USD
Term SOFR + 1.70%(1)(2)
|
511,129
|
|
450,000
|
HPS Loan Management Ltd. 6.12%, 04/20/2034,
3 mo. USD Term SOFR + 1.85%(1)(2)
|
442,199
|
|
2,000,000
|
Invesco CLO Ltd. 5.71%, 07/20/2035, 3 mo. USD
Term SOFR + 1.44%(1)(2)
|
2,001,440
|
|
|
Invesco U.S. CLO Ltd.
|
|
|
500,000
|
5.62%, 04/21/2038, 3 mo. USD Term SOFR +
1.30%(1)(2)(3)
|
500,000
|
|
500,000
|
6.07%, 04/21/2036, 3 mo. USD Term SOFR +
1.80%(1)(2)
|
499,875
|
|
2,000,000
|
Kings Park CLO Ltd. 5.66%, 01/21/2035, 3 mo.
USD Term SOFR + 1.39%(1)(2)
|
1,998,966
|
|
1,000,000
|
KKR CLO 24 Ltd. 5.98%, 04/20/2032, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
999,497
|
|
2,000,000
|
KKR CLO 52 Ltd. 6.16%, 07/16/2036, 3 mo. USD
Term SOFR + 1.90%(1)(2)
|
2,001,116
|
|
500,000
|
Madison Park Funding LIV Ltd. 6.27%, 10/21/2037,
3 mo. USD Term SOFR + 2.00%(1)(2)
|
496,502
|
|
660,000
|
Madison Park Funding XIX Ltd. 5.87%, 01/22/2037,
3 mo. USD Term SOFR + 1.60%(1)(2)
|
660,875
|
|
300,000
|
Madison Park Funding XLII Ltd. 6.04%,
11/21/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
299,469
|
|
675,000
|
Madison Park Funding XVII Ltd. 6.32%,
10/21/2037, 3 mo. USD Term SOFR +
2.05%(1)(2)
|
673,468
|
|
250,000
|
Madison Park Funding XXII Ltd. 6.21%,
01/15/2038, 3 mo. USD Term SOFR +
1.95%(1)(2)
|
242,246
|
|
1,000,000
|
Madison Park Funding XXXVII Ltd. 5.79%,
04/15/2037, 3 mo. USD Term SOFR +
1.53%(1)(2)
|
1,000,750
|
|
1,000,000
|
Magnetite XII Ltd. 5.60%, 01/25/2038, 3 mo. USD
Term SOFR + 1.29%(1)(2)
|
994,689
|
|
1,000,000
|
Magnetite XXVIII Ltd. 5.50%, 01/15/2038, 3 mo.
USD Term SOFR + 1.24%(1)(2)
|
992,837
|
|
1,000,000
|
Neuberger Berman Loan Advisers CLO 31 Ltd.
5.50%, 01/20/2039, 3 mo. USD Term SOFR +
1.23%(1)(2)
|
993,328
|
|
375,000
|
Neuberger Berman Loan Advisers NBLA CLO 52
Ltd. 6.28%, 10/24/2038, 3 mo. USD Term SOFR
+ 2.00%(1)(2)
|
373,251
|
|
500,000
|
Niagara Park CLO Ltd. 6.28%, 01/17/2038, 3 mo.
USD Term SOFR + 2.00%(1)(2)
|
497,631
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 100.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 100.2% - (continued)
|
||
|
Oaktree CLO Ltd.
|
|
|
$ 500,000
|
5.79%, 04/15/2038, 3 mo. USD Term SOFR +
1.50%(1)(2)(3)
|
$500,000
|
|
500,000
|
6.16%, 04/15/2036, 3 mo. USD Term SOFR +
1.90%(1)(2)
|
499,875
|
|
|
OCP CLO Ltd.
|
|
|
850,000
|
5.64%, 07/20/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
846,983
|
|
995,000
|
5.64%, 10/18/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
992,392
|
|
1,000,000
|
5.84%, 07/20/2037, 3 mo. USD Term SOFR +
1.57%(1)(2)
|
995,003
|
|
500,000
|
6.27%, 11/26/2037, 3 mo. USD Term SOFR +
2.00%(1)(2)
|
497,651
|
|
1,000,000
|
Octagon 60 Ltd. 5.85%, 10/20/2037, 3 mo. USD
Term SOFR + 1.58%(1)(2)
|
996,239
|
|
635,000
|
Octagon 63 Ltd. 5.98%, 07/20/2037, 3 mo. USD
Term SOFR + 1.71%(1)(2)
|
635,258
|
|
825,000
|
Octagon 66 Ltd. 6.07%, 11/16/2036, 3 mo. USD
Term SOFR + 1.75%(1)(2)
|
826,735
|
|
2,080,000
|
Octagon 67 Ltd. 6.08%, 04/25/2036, 3 mo. USD
Term SOFR + 1.80%(1)(2)
|
2,080,347
|
|
250,000
|
Octagon Investment Partners XV Ltd. 6.03%,
07/19/2030, 3 mo. USD Term SOFR +
1.76%(1)(2)
|
249,870
|
|
1,000,000
|
OHA Credit Funding 3 Ltd. 5.59%, 01/20/2038,
3 mo. USD Term SOFR + 1.32%(1)(2)
|
998,677
|
|
750,000
|
OHA Loan Funding Ltd. 5.97%, 07/20/2037, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
748,531
|
|
850,000
|
Palmer Square CLO Ltd. 5.82%, 07/20/2037, 3 mo.
USD Term SOFR + 1.55%(1)(2)
|
845,244
|
|
1,000,000
|
Rad CLO 25 Ltd. 5.93%, 07/20/2037, 3 mo. USD
Term SOFR + 1.66%(1)(2)
|
998,741
|
|
1,000,000
|
RAD CLO 27 Ltd. 5.61%, 01/15/2038, 3 mo. USD
Term SOFR + 1.32%(1)(2)
|
996,844
|
|
1,000,000
|
Regatta 30 Funding Ltd. 5.63%, 01/25/2038, 3 mo.
USD Term SOFR + 1.32%(1)(2)
|
999,250
|
|
250,000
|
Regatta XIX Funding Ltd. 5.59%, 04/20/2035,
3 mo. USD Term SOFR + 1.32%(1)(2)
|
249,455
|
|
1,100,000
|
Regatta XXIV Funding Ltd. 5.59%, 01/20/2038,
3 mo. USD Term SOFR + 1.32%(1)(2)
|
1,095,039
|
|
500,000
|
RR 38 Ltd. 5.82%, 04/15/2040, 3 mo. USD Term
SOFR + 1.50%(1)(2)
|
493,283
|
|
825,000
|
RR 8 Ltd. 5.61%, 07/15/2037, 3 mo. USD Term
SOFR + 1.35%(1)(2)
|
823,721
|
|
1,500,000
|
RRX 7 Ltd. 5.62%, 07/15/2035, 3 mo. USD Term
SOFR + 1.36%(1)(2)
|
1,498,613
|
|
1,035,000
|
Symetra CLO Ltd. 5.57%, 04/20/2038, 3 mo. USD
Term SOFR + 1.29%(1)(2)
|
1,031,666
|
|
850,000
|
Symphony CLO 36 Ltd. 5.64%, 10/24/2037, 3 mo.
USD Term SOFR + 1.36%(1)(2)
|
848,651
|
|
800,000
|
Symphony CLO 38 Ltd. 6.08%, 04/24/2036, 3 mo.
USD Term SOFR + 1.80%(1)(2)
|
799,800
|
|
500,000
|
Symphony CLO XXXIII Ltd. 6.13%, 01/24/2038,
3 mo. USD Term SOFR + 1.85%(1)(2)
|
485,005
|
|
1,000,000
|
Texas Debt Capital CLO Ltd. 6.07%, 04/20/2036,
3 mo. USD Term SOFR + 1.80%(1)(2)
|
1,000,417
|
|
1,650,000
|
Venture XXX CLO Ltd. 6.22%, 01/15/2031, 3 mo.
USD Term SOFR + 1.96%(1)(2)
|
1,646,419
|
|
|
Voya CLO Ltd.
|
|
|
560,000
|
5.63%, 10/15/2037, 3 mo. USD Term SOFR +
1.37%(1)(2)
|
559,555
|
|
1,000,000
|
5.97%, 10/20/2031, 3 mo. USD Term SOFR +
1.70%(1)(2)
|
1,000,592
|
|
2
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 100.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 100.2% - (continued)
|
||
$ 1,000,000
|
6.64%, 04/17/2030, 3 mo. USD Term SOFR +
2.36%(1)(2)
|
$997,888
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $105,255,072)
|
$104,700,181
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
Repurchase Agreements - 0.2%
|
||
181,103
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at 4.37%, due
on 05/01/2025 with a maturity value of
$181,125; collateralized by U.S. Treasury
Note at 4.38%, maturing 07/31/2026, with a
market value of $184,869
|
$181,103
|
|
|
Total Short-Term Investments
(cost $181,103)
|
$181,103
|
|
|
Total Investments
(cost $105,436,175)
|
100.4
%
|
$104,881,284
|
|
Other Assets and Liabilities
|
(0.4
)%
|
(422,032
)
|
|
Net Assets
|
100.0
%
|
$104,459,252
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of these securities was
$104,700,181, representing 100.2% of net assets.
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at April
30,
2025. Base lending rates may be subject to a floor or cap.
|
(3)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was
$1,000,000 at April 30, 2025.
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$104,700,181
|
$—
|
$104,700,181
|
$—
|
Short-Term Investments
|
181,103
|
—
|
181,103
|
—
|
Total
|
$104,881,284
|
$—
|
$104,881,284
|
$—
|
(1)
|
For the period ended April 30, 2025, there were no transfers in and out of Level 3.
|
|
3
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2%
|
|||
|
Asset-Backed - Automobile - 0.6%
|
||
$ 215,000
|
Avis Budget Rental Car Funding AESOP LLC
5.23%, 12/20/2030(1)
|
$218,681
|
|
31,972
|
CPS Auto Receivables Trust 5.91%, 08/16/2027(1)
|
31,994
|
|
|
Credit Acceptance Auto Loan Trust
|
|
|
190,000
|
5.68%, 03/15/2034(1)
|
192,623
|
|
470,000
|
6.11%, 08/15/2034(1)
|
483,000
|
|
41,725
|
DT Auto Owner Trust 5.19%, 10/16/2028(1)
|
41,734
|
|
31,618
|
Exeter Automobile Receivables Trust 6.11%,
09/15/2027
|
31,663
|
|
375,000
|
GLS Auto Receivables Issuer Trust 4.98%,
07/16/2029(1)
|
378,514
|
|
190,000
|
Hertz Vehicle Financing III LLC 5.13%,
09/25/2031(1)
|
190,408
|
|
82,457
|
Santander Drive Auto Receivables Trust 4.98%,
02/15/2028
|
82,474
|
|
91,407
|
Securitized Term Auto Receivables Trust 5.04%,
07/25/2031(1)
|
92,033
|
|
59,573
|
Tricolor Auto Securitization Trust 6.61%,
10/15/2027(1)
|
59,821
|
|
|
|
|
1,802,945
|
|
Asset-Backed - Manufactured Housing - 0.0%
|
||
55,813
|
Cascade MH Asset Trust 1.75%, 02/25/2046(1)
|
50,170
|
|
|
Asset-Backed - Student Loan - 0.2%
|
||
|
Navient Private Education Refi Loan Trust
|
|
|
116,192
|
0.97%, 12/16/2069(1)
|
102,305
|
|
199,741
|
1.11%, 02/18/2070(1)
|
177,806
|
|
249,482
|
5.51%, 10/15/2071(1)
|
255,051
|
|
|
|
|
535,162
|
|
Commercial Mortgage-Backed Securities - 5.0%
|
||
235,000
|
245 Park Avenue Trust 3.51%, 06/05/2037(1)
|
227,748
|
|
|
BBCMS Mortgage Trust
|
|
|
1,827,198
|
1.24%, 05/15/2057(2)(3)
|
136,738
|
|
1,157,973
|
1.33%, 09/15/2057(2)(3)
|
91,858
|
|
1,084,655
|
1.36%, 02/15/2062(2)(3)
|
94,233
|
|
1,006,094
|
1.86%, 02/15/2057(2)(3)
|
101,312
|
|
125,000
|
3.66%, 04/15/2055(3)
|
115,127
|
|
|
Benchmark Mortgage Trust
|
|
|
2,774,792
|
0.72%, 07/15/2056(2)(3)
|
104,858
|
|
967,767
|
1.43%, 12/15/2056(2)(3)
|
58,217
|
|
557,210
|
1.62%, 01/15/2054(2)(3)
|
37,844
|
|
566,122
|
1.92%, 07/15/2053(2)(3)
|
29,079
|
|
1,683,401
|
BMO Mortgage Trust 1.08%, 07/15/2057(2)(3)
|
111,392
|
|
675,000
|
BOCA Commercial Mortgage Trust 6.24%,
08/15/2041, 1 mo. USD Term SOFR +
1.92%(1)(4)
|
673,734
|
|
310,000
|
BPR Trust 5.36%, 11/05/2041(1)(3)
|
317,764
|
|
410,000
|
BWAY Trust 6.31%, 05/05/2042(1)(3)
|
419,195
|
|
|
BX Trust
|
|
|
630,000
|
5.34%, 10/15/2036, 1 mo. USD Term SOFR +
1.01%(1)(4)
|
625,275
|
|
115,000
|
6.41%, 03/15/2041, 1 mo. USD Term SOFR +
2.09%(1)(4)
|
115,305
|
|
5,589
|
Citigroup Commercial Mortgage Trust 3.61%,
11/10/2048
|
5,577
|
|
|
Commercial Mortgage Trust
|
|
|
100,000
|
2.82%, 01/10/2039(1)
|
94,184
|
|
17,699
|
3.31%, 03/10/2048
|
17,666
|
|
110,000
|
3.38%, 01/10/2039(1)
|
100,675
|
|
130,000
|
5.87%, 12/10/2041(1)(3)
|
132,593
|
|
185,000
|
6.34%, 08/10/2044(1)
|
193,742
|
|
18,658
|
CSAIL Commercial Mortgage Trust 4.36%,
11/15/2051(3)
|
18,574
|
|
38,234
|
CSMC Trust 2.26%, 08/15/2037(1)
|
37,723
|
|
280,000
|
DBGS Mortgage Trust 4.47%, 10/15/2051
|
275,691
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2% - (continued)
|
|||
|
Commercial Mortgage-Backed Securities - 5.0% - (continued)
|
||
|
DBJPM Mortgage Trust
|
|
|
$ 428,028
|
1.82%, 09/15/2053(2)(3)
|
$19,086
|
|
11,006
|
3.04%, 05/10/2049
|
10,927
|
|
120,000
|
DC Trust 5.93%, 04/13/2040(1)(3)
|
121,069
|
|
225,000
|
FREMF Mortgage Trust 4.09%, 06/25/2049(1)(3)
|
222,383
|
|
565,000
|
GS Mortgage Securities Corp. II 5.49%,
03/10/2041(1)(3)
|
564,373
|
|
375,000
|
GS Mortgage Securities Trust 3.44%,
11/10/2049(3)
|
367,435
|
|
170,000
|
HIH Trust 6.16%, 10/15/2041, 1 mo. USD Term
SOFR + 1.84%(1)(4)
|
169,575
|
|
150,000
|
HTL Commercial Mortgage Trust 6.07%,
05/10/2039(1)(3)
|
152,611
|
|
635,000
|
IRV Trust 5.47%, 03/14/2047(1)(3)
|
635,961
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
1,097,000
|
2.82%, 08/15/2049
|
1,071,295
|
|
110,000
|
5.99%, 10/05/2039(1)(3)
|
111,680
|
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
7,631
|
3.56%, 12/15/2048
|
7,604
|
|
635,000
|
3.58%, 03/17/2049
|
627,373
|
|
|
JPMDB Commercial Mortgage Securities Trust
|
|
|
28,037
|
2.95%, 06/15/2049
|
27,798
|
|
632,000
|
3.14%, 12/15/2049
|
614,017
|
|
70,450
|
3.24%, 10/15/2050
|
69,038
|
|
145,000
|
LEX Mortgage Trust 5.04%, 10/13/2033(1)(3)
|
145,600
|
|
330,000
|
MF1 Ltd. 6.07%, 02/19/2037, 1 mo. USD Term
SOFR + 1.75%(1)(4)
|
326,988
|
|
383,001
|
MSWF Commercial Mortgage Trust 1.14%,
12/15/2056(2)(3)
|
23,082
|
|
110,000
|
NY Commercial Mortgage Trust 5.85%,
02/10/2047(1)(3)
|
113,124
|
|
325,000
|
NYC Commercial Mortgage Trust 5.53%,
02/15/2042, 1 mo. USD Term SOFR +
1.21%(1)(4)
|
321,582
|
|
1,134,888
|
RFR Trust 5.56%, 03/11/2041(1)(3)
|
1,155,789
|
|
50,000
|
SG Commercial Mortgage Securities Trust 2.63%,
03/15/2037(1)
|
47,795
|
|
705,000
|
SHR Trust 6.27%, 10/15/2041, 1 mo. USD Term
SOFR + 1.95%(1)(4)
|
702,136
|
|
565,000
|
TEXAS Commercial Mortgage Trust 5.62%,
04/15/2042, 1 mo. USD Term SOFR +
1.29%(1)(4)
|
558,061
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
1,592,054
|
1.21%, 08/15/2057(2)(3)
|
118,874
|
|
719,000
|
3.43%, 03/15/2059
|
708,938
|
|
5,279
|
3.52%, 12/15/2048
|
5,264
|
|
420,000
|
3.64%, 03/15/2050
|
404,644
|
|
235,000
|
3.81%, 12/15/2048
|
233,040
|
|
|
Wells Fargo NA
|
|
|
3,950,251
|
0.75%, 11/15/2062(2)(3)
|
102,889
|
|
1,710,112
|
1.04%, 06/15/2057(2)(3)
|
100,603
|
|
899,313
|
1.09%, 02/15/2052(2)(3)
|
24,700
|
|
990,115
|
1.21%, 02/15/2056(2)(3)
|
56,193
|
|
880,923
|
1.26%, 12/15/2056(2)(3)
|
27,311
|
|
1,878,574
|
1.35%, 10/15/2057(2)(3)
|
158,904
|
|
1,441,820
|
1.41%, 11/15/2053(2)(3)
|
82,814
|
|
1,235,154
|
1.87%, 03/15/2063(2)(3)
|
93,100
|
|
145,000
|
4.41%, 11/15/2061(3)
|
144,056
|
|
570,000
|
Willowbrook Mall 5.87%, 03/05/2035(1)(3)
|
593,458
|
|
|
|
|
15,177,274
|
|
Other Asset-Backed Securities - 6.3%
|
||
|
Affirm Asset Securitization Trust
|
|
|
530,000
|
4.62%, 09/15/2029(1)
|
528,900
|
|
104,006
|
5.22%, 12/17/2029(1)
|
104,044
|
|
165,000
|
5.61%, 02/15/2029(1)
|
165,685
|
|
4
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 6.3% - (continued)
|
||
$ 305,000
|
Aligned Data Centers Issuer LLC 6.00%,
08/17/2048(1)
|
$308,692
|
|
205,000
|
AMSR Trust 4.15%, 11/17/2041(1)
|
199,680
|
|
220,000
|
Auxilior Term Funding LLC 5.49%, 07/15/2031(1)
|
224,911
|
|
400,000
|
Barings CLO Ltd. 6.37%, 01/20/2037, 3 mo. USD
Term SOFR + 2.10%(1)(4)
|
400,941
|
|
495,000
|
Battalion CLO 18 Ltd. 6.47%, 03/13/2037, 3 mo.
USD Term SOFR + 2.20%(1)(4)
|
496,214
|
|
315,000
|
Benefit Street Partners CLO XXXI Ltd. 6.03%,
04/25/2038, 3 mo. USD Term SOFR +
1.75%(1)(4)
|
315,000
|
|
270,000
|
Birch Grove CLO 4 Ltd. 6.06%, 07/15/2037, 3 mo.
USD Term SOFR + 1.80%(1)(4)
|
268,515
|
|
162,801
|
Blue Owl Asset Leasing Trust LLC 5.05%,
03/15/2029(1)
|
163,469
|
|
470,000
|
BlueMountain CLO XXXI Ltd. 5.68%, 04/19/2034,
3 mo. USD Term SOFR + 1.41%(1)(4)
|
469,562
|
|
460,000
|
BlueMountain CLO XXXIII Ltd. 5.77%,
11/20/2034, 3 mo. USD Term SOFR +
1.45%(1)(4)
|
458,981
|
|
|
CF Hippolyta Issuer LLC
|
|
|
94,245
|
1.53%, 03/15/2061(1)
|
89,810
|
|
126,765
|
1.69%, 07/15/2060(1)
|
125,201
|
|
97,713
|
5.97%, 08/15/2062(1)
|
98,218
|
|
168,305
|
Commercial Equipment Finance LLC 5.97%,
07/16/2029(1)
|
170,050
|
|
|
DB Master Finance LLC
|
|
|
145,125
|
2.79%, 11/20/2051(1)
|
125,648
|
|
694,575
|
4.35%, 05/20/2049(1)
|
678,061
|
|
160,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
161,955
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
441,515
|
2.66%, 04/25/2051(1)
|
411,025
|
|
432,000
|
3.67%, 10/25/2049(1)
|
406,492
|
|
206,800
|
4.12%, 07/25/2047(1)
|
203,686
|
|
295,000
|
Elmwood CLO 23 Ltd. 6.51%, 04/16/2036, 3 mo.
USD Term SOFR + 2.25%(1)(4)
|
295,261
|
|
|
FirstKey Homes Trust
|
|
|
153,095
|
4.15%, 05/19/2039(1)
|
151,730
|
|
579,200
|
4.25%, 07/17/2039(1)
|
575,087
|
|
460,000
|
Flatiron CLO 21 Ltd. 5.63%, 10/19/2037, 3 mo.
USD Term SOFR + 1.36%(1)(4)
|
459,163
|
|
750,000
|
Galaxy XXIV CLO Ltd. 5.80%, 04/15/2037, 3 mo.
USD Term SOFR + 1.54%(1)(4)
|
749,978
|
|
250,000
|
Invesco U.S. CLO Ltd. 6.57%, 04/21/2036, 3 mo.
USD Term SOFR + 2.30%(1)(4)
|
250,000
|
|
500,000
|
Neuberger Berman Loan Advisers NBLA CLO 52
Ltd. 5.63%, 10/24/2038, 3 mo. USD Term
SOFR + 1.35%(1)(4)
|
499,089
|
|
310,000
|
New Economy Assets - Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
291,099
|
|
|
Progress Residential Trust
|
|
|
397,468
|
1.51%, 10/17/2038(1)
|
382,585
|
|
139,200
|
3.20%, 04/17/2039(1)
|
135,762
|
|
390,000
|
3.40%, 02/17/2042(1)(5)
|
366,120
|
|
394,170
|
4.44%, 05/17/2041(1)
|
390,192
|
|
103,195
|
4.45%, 06/17/2039(1)
|
103,192
|
|
176,881
|
4.75%, 10/27/2039(1)
|
178,133
|
|
495,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
490,317
|
|
635,000
|
RR 23 Ltd. 6.91%, 10/15/2035, 3 mo. USD Term
SOFR + 2.65%(1)(4)
|
636,097
|
|
|
SCF Equipment Leasing LLC
|
|
|
140,000
|
5.52%, 01/20/2032(1)
|
143,309
|
|
18,743
|
6.56%, 01/22/2030(1)
|
18,763
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
60,000
|
1.89%, 08/25/2045(1)
|
59,315
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2% - (continued)
|
|||
|
Other Asset-Backed Securities - 6.3% - (continued)
|
||
$ 285,000
|
5.90%, 07/25/2048(1)
|
$288,610
|
|
130,000
|
5.90%, 03/25/2049(1)
|
132,434
|
|
75,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
73,512
|
|
140,612
|
Sunnova Hestia II Issuer LLC 5.63%,
07/20/2051(1)
|
140,150
|
|
461,963
|
Taco Bell Funding LLC 4.94%, 11/25/2048(1)
|
463,512
|
|
350,000
|
Texas Debt Capital CLO Ltd. 6.57%, 04/20/2036,
3 mo. USD Term SOFR + 2.30%(1)(4)
|
350,321
|
|
|
Tricon Residential Trust
|
|
|
652,822
|
3.86%, 04/17/2039(1)
|
642,783
|
|
309,659
|
4.30%, 11/17/2041(1)
|
302,274
|
|
295,000
|
5.42%, 03/17/2042, 1 mo. USD Term SOFR +
1.10%(1)(4)
|
294,434
|
|
515,000
|
Vantage Data Centers Issuer LLC 1.65%,
09/15/2045(1)
|
507,665
|
|
330,000
|
VB-S1 Issuer LLC 5.59%, 05/15/2054(1)
|
331,785
|
|
390,000
|
Venture 42 CLO Ltd. 5.65%, 04/15/2034, 3 mo.
USD Term SOFR + 1.39%(1)(4)
|
389,094
|
|
|
Wendy's Funding LLC
|
|
|
197,200
|
2.37%, 06/15/2051(1)
|
179,378
|
|
134,461
|
3.88%, 03/15/2048(1)
|
131,181
|
|
159,738
|
4.08%, 06/15/2049(1)
|
153,381
|
|
734,238
|
4.24%, 03/15/2052(1)
|
712,758
|
|
111,820
|
4.54%, 03/15/2052(1)
|
106,134
|
|
|
Wingstop Funding LLC
|
|
|
531,900
|
2.84%, 12/05/2050(1)
|
504,276
|
|
145,000
|
5.86%, 12/05/2054(1)
|
146,276
|
|
380,000
|
Zayo Issuer LLC 5.65%, 03/20/2055(1)
|
383,473
|
|
|
|
|
18,983,363
|
|
Whole Loan Collateral CMO - 5.1%
|
||
|
Angel Oak Mortgage Trust
|
|
|
67,409
|
0.91%, 01/25/2066(1)(3)
|
57,733
|
|
240,314
|
0.95%, 07/25/2066(1)(3)
|
206,480
|
|
29,408
|
0.99%, 04/25/2053(1)(3)
|
27,943
|
|
61,412
|
0.99%, 04/25/2066(1)(3)
|
53,231
|
|
164,260
|
1.04%, 01/20/2065(1)(3)
|
138,252
|
|
119,934
|
1.07%, 05/25/2066(1)(3)
|
103,524
|
|
386,723
|
1.46%, 09/25/2066(1)(3)
|
324,077
|
|
16,961
|
1.47%, 06/25/2065(1)(3)
|
16,099
|
|
30,747
|
1.69%, 04/25/2065(1)(3)
|
28,937
|
|
179,534
|
1.82%, 11/25/2066(1)(3)
|
159,506
|
|
505,962
|
2.88%, 12/25/2066(1)(5)
|
467,276
|
|
17,894
|
Arroyo Mortgage Trust 3.81%, 01/25/2049(1)(3)
|
17,452
|
|
117,135
|
BINOM Securitization Trust 2.03%,
06/25/2056(1)(3)
|
105,617
|
|
|
BRAVO Residential Funding Trust
|
|
|
34,420
|
0.94%, 02/25/2049(1)(3)
|
31,397
|
|
41,655
|
0.97%, 03/25/2060(1)(3)
|
39,960
|
|
|
Bunker Hill Loan Depositary Trust
|
|
|
14,190
|
1.72%, 02/25/2055(1)(3)
|
13,952
|
|
12,818
|
2.88%, 07/25/2049(1)(5)
|
12,502
|
|
300,360
|
CIM Trust 1.43%, 07/25/2061(1)(3)
|
265,806
|
|
|
COLT Mortgage Loan Trust
|
|
|
28,840
|
0.80%, 07/27/2054(1)
|
26,318
|
|
97,947
|
0.91%, 06/25/2066(1)(3)
|
83,161
|
|
169,760
|
0.92%, 08/25/2066(1)(3)
|
142,206
|
|
303,407
|
0.96%, 09/27/2066(1)(3)
|
252,140
|
|
400,539
|
1.11%, 10/25/2066(1)(3)
|
342,100
|
|
36,773
|
1.33%, 10/26/2065(1)(3)
|
34,204
|
|
223,015
|
1.40%, 10/25/2066(1)(3)
|
187,547
|
|
12,778
|
1.51%, 04/27/2065(1)(3)
|
12,400
|
|
437,612
|
2.28%, 12/27/2066(1)(3)
|
393,509
|
|
75,479
|
4.30%, 03/25/2067(1)(3)
|
75,322
|
|
209,612
|
COLT Trust 1.39%, 01/25/2065(1)(3)
|
179,043
|
|
|
CSMC Trust
|
|
|
76,196
|
0.83%, 03/25/2056(1)(3)
|
63,132
|
|
5
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2% - (continued)
|
|||
|
Whole Loan Collateral CMO - 5.1% - (continued)
|
||
$ 158,441
|
0.94%, 05/25/2066(1)(3)
|
$134,017
|
|
375,905
|
1.17%, 07/25/2066(1)(3)
|
312,265
|
|
130,185
|
1.18%, 02/25/2066(1)(3)
|
115,909
|
|
197,835
|
1.84%, 10/25/2066(1)(3)
|
175,918
|
|
128,440
|
2.00%, 01/25/2060(1)(3)
|
115,318
|
|
51,604
|
2.21%, 05/25/2065(1)(5)
|
48,935
|
|
507,268
|
2.27%, 11/25/2066(1)(3)
|
451,154
|
|
65,506
|
4.12%, 12/27/2060(1)(3)
|
65,449
|
|
|
Deephaven Residential Mortgage Trust
|
|
|
15,594
|
0.72%, 05/25/2065(1)(3)
|
14,803
|
|
40,349
|
0.90%, 04/25/2066(1)(3)
|
35,873
|
|
|
Ellington Financial Mortgage Trust
|
|
|
24,854
|
0.80%, 02/25/2066(1)(3)
|
21,094
|
|
49,867
|
0.93%, 06/25/2066(1)(3)
|
41,241
|
|
16,611
|
1.18%, 10/25/2065(1)(3)
|
15,548
|
|
279,884
|
1.24%, 09/25/2066(1)(3)
|
230,680
|
|
229,688
|
2.21%, 01/25/2067(1)(3)
|
200,476
|
|
14,534
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust 2.50%, 08/25/2059
|
13,264
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
94,000
|
6.15%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(4)
|
93,861
|
|
334,961
|
7.60%, 09/25/2043, 30 day USD SOFR
Average + 3.25%(1)(4)
|
346,685
|
|
|
GCAT Trust
|
|
|
78,584
|
0.87%, 01/25/2066(1)(3)
|
66,575
|
|
88,843
|
1.04%, 05/25/2066(1)(3)
|
74,394
|
|
268,944
|
1.09%, 08/25/2066(1)(3)
|
224,240
|
|
395,602
|
1.26%, 07/25/2066(1)(3)
|
327,050
|
|
125,763
|
1.92%, 08/25/2066(1)(3)
|
116,379
|
|
14,767
|
2.56%, 04/25/2065(1)(5)
|
14,122
|
|
6,440
|
3.25%, 01/25/2060(1)(5)
|
6,319
|
|
|
Imperial Fund Mortgage Trust
|
|
|
141,322
|
1.07%, 09/25/2056(1)(3)
|
118,382
|
|
467,203
|
2.09%, 01/25/2057(1)(3)
|
402,511
|
|
537,699
|
3.64%, 03/25/2067(1)(5)
|
513,787
|
|
|
Legacy Mortgage Asset Trust
|
|
|
72,564
|
4.65%, 11/25/2060(1)(5)
|
71,807
|
|
89,285
|
4.75%, 07/25/2061(1)(5)
|
90,114
|
|
63,818
|
5.75%, 04/25/2061(1)(5)
|
63,492
|
|
|
MetLife Securitization Trust
|
|
|
31,573
|
3.75%, 03/25/2057(1)(3)
|
30,580
|
|
20,565
|
3.75%, 04/25/2058(1)(3)
|
20,213
|
|
|
MFA Trust
|
|
|
12,976
|
1.01%, 01/26/2065(1)(3)
|
12,243
|
|
102,851
|
1.03%, 11/25/2064(1)(3)
|
89,774
|
|
39,997
|
1.15%, 04/25/2065(1)(3)
|
36,883
|
|
917
|
Mill City Mortgage Loan Trust 3.50%,
05/25/2058(1)(3)
|
914
|
|
|
New Residential Mortgage Loan Trust
|
|
|
54,863
|
0.94%, 07/25/2055(1)(3)
|
49,901
|
|
28,175
|
0.94%, 10/25/2058(1)(3)
|
27,588
|
|
293,910
|
1.16%, 11/27/2056(1)(3)
|
254,396
|
|
8,833
|
1.65%, 05/24/2060(1)(3)
|
8,544
|
|
439,669
|
2.28%, 04/25/2061(1)(3)
|
389,790
|
|
68,402
|
3.50%, 12/25/2057(1)(3)
|
66,303
|
|
11,325
|
3.75%, 03/25/2056(1)(3)
|
10,923
|
|
30,053
|
3.75%, 11/25/2058(1)(3)
|
28,930
|
|
130,397
|
4.00%, 03/25/2057(1)(3)
|
127,050
|
|
142,406
|
4.00%, 12/25/2057(1)(3)
|
138,808
|
|
181,380
|
NMLT Trust 1.19%, 05/25/2056(1)(3)
|
155,673
|
|
|
OBX Trust
|
|
|
189,337
|
1.05%, 07/25/2061(1)(3)
|
153,477
|
|
126,581
|
1.07%, 02/25/2066(1)(3)
|
107,959
|
|
142,042
|
1.96%, 10/25/2061(1)(3)
|
119,669
|
|
397,271
|
2.31%, 11/25/2061(1)(3)
|
352,862
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.2% - (continued)
|
|||
|
Whole Loan Collateral CMO - 5.1% - (continued)
|
||
|
PRET LLC
|
|
|
$ 119,709
|
4.74%, 07/25/2051(1)(5)
|
$119,558
|
|
377,439
|
4.84%, 09/25/2051(1)(5)
|
377,070
|
|
364,131
|
5.49%, 10/25/2051(1)(5)
|
364,456
|
|
|
PRPM LLC
|
|
|
645,000
|
3.75%, 04/25/2055(1)(5)
|
619,150
|
|
112,866
|
5.87%, 04/25/2026(1)(5)
|
112,865
|
|
25,877
|
Residential Mortgage Loan Trust 0.86%,
01/25/2065(1)(3)
|
24,711
|
|
78,383
|
STAR Trust 1.22%, 05/25/2065(1)(3)
|
73,191
|
|
|
Starwood Mortgage Residential Trust
|
|
|
26,100
|
0.94%, 05/25/2065(1)(3)
|
24,542
|
|
293,759
|
1.16%, 08/25/2056(1)(3)
|
259,156
|
|
11,016
|
1.49%, 04/25/2065(1)(3)
|
10,500
|
|
292,802
|
1.92%, 11/25/2066(1)(3)
|
258,692
|
|
|
Towd Point Mortgage Trust
|
|
|
86,680
|
1.75%, 10/25/2060(1)
|
78,747
|
|
73,711
|
2.75%, 10/25/2057(1)(3)
|
72,128
|
|
33,398
|
2.90%, 10/25/2059(1)(3)
|
31,959
|
|
324,439
|
2.92%, 11/30/2060(1)(3)
|
276,382
|
|
14,429
|
3.25%, 03/25/2058(1)(3)
|
14,215
|
|
135,826
|
3.75%, 03/25/2058(1)(3)
|
132,081
|
|
105,376
|
TRK Trust 1.15%, 07/25/2056(1)(3)
|
93,425
|
|
|
Verus Securitization Trust
|
|
|
53,718
|
0.92%, 02/25/2064(1)(3)
|
49,658
|
|
134,689
|
0.94%, 07/25/2066(1)(3)
|
112,364
|
|
552,012
|
1.01%, 09/25/2066(1)(3)
|
472,267
|
|
45,086
|
1.03%, 02/25/2066(1)(3)
|
39,927
|
|
198,337
|
1.82%, 11/25/2066(1)(3)
|
179,646
|
|
429,021
|
1.83%, 10/25/2066(1)(5)
|
385,049
|
|
29,385
|
2.22%, 05/25/2065(1)(5)
|
28,401
|
|
14,828
|
2.50%, 05/25/2065(1)(5)
|
14,486
|
|
310,820
|
2.72%, 01/25/2067(1)(5)
|
288,356
|
|
12,366
|
3.69%, 11/25/2059(1)(3)
|
12,220
|
|
156,647
|
VOLT CIII LLC 4.99%, 08/25/2051(1)(5)
|
156,884
|
|
20,917
|
VOLT XCIII LLC 5.89%, 02/27/2051(1)(5)
|
20,878
|
|
26,098
|
VOLT XCIV LLC 6.24%, 02/27/2051(1)(5)
|
26,058
|
|
32,052
|
VOLT XCIX LLC 6.12%, 04/25/2051(1)(5)
|
32,211
|
|
28,125
|
VOLT XCV LLC 6.24%, 03/27/2051(1)(5)
|
28,158
|
|
|
|
|
15,354,359
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $53,609,465)
|
$51,903,273
|
|
CORPORATE BONDS - 21.1%
|
|||
|
Aerospace & Defense - 0.4%
|
||
200,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
$204,204
|
|
|
Boeing Co.
|
|
|
90,000
|
2.95%, 02/01/2030
|
82,578
|
|
65,000
|
3.20%, 03/01/2029
|
61,356
|
|
85,000
|
6.39%, 05/01/2031
|
90,701
|
|
25,000
|
6.53%, 05/01/2034
|
26,854
|
|
|
L3Harris Technologies, Inc.
|
|
|
50,000
|
5.05%, 06/01/2029
|
50,800
|
|
105,000
|
5.50%, 08/15/2054
|
99,215
|
|
210,000
|
Northrop Grumman Corp. 5.15%, 05/01/2040
|
202,084
|
|
|
RTX Corp.
|
|
|
278,000
|
4.13%, 11/16/2028
|
275,776
|
|
90,000
|
5.75%, 11/08/2026
|
91,724
|
|
|
|
|
1,185,292
|
|
Agriculture - 0.5%
|
||
|
BAT Capital Corp.
|
|
|
235,000
|
5.63%, 08/15/2035
|
235,940
|
|
90,000
|
5.83%, 02/20/2031
|
93,696
|
|
130,000
|
JBS USA LUX SARL/JBS USA Food Co./JBS
USA Foods Group 5.95%, 04/20/2035(1)
|
133,780
|
|
6
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Agriculture - 0.5% - (continued)
|
||
|
Philip Morris International, Inc.
|
|
|
$ 360,000
|
4.38%, 11/01/2027
|
$361,626
|
|
160,000
|
4.75%, 11/01/2031
|
160,571
|
|
290,000
|
5.13%, 02/15/2030
|
297,479
|
|
135,000
|
5.13%, 02/13/2031
|
138,436
|
|
15,000
|
5.63%, 11/17/2029
|
15,721
|
|
140,000
|
5.63%, 09/07/2033
|
145,238
|
|
|
|
|
1,582,487
|
|
Apparel - 0.1%
|
||
|
Tapestry, Inc.
|
|
|
145,000
|
5.10%, 03/11/2030
|
145,570
|
|
325,000
|
5.50%, 03/11/2035
|
316,522
|
|
|
|
|
462,092
|
|
Auto Manufacturers - 0.1%
|
||
245,000
|
Hyundai Capital America 5.50%, 03/30/2026(1)
|
246,404
|
|
|
Beverages - 0.2%
|
||
165,000
|
Anheuser-Busch InBev Worldwide, Inc. 4.75%,
01/23/2029
|
167,541
|
|
100,000
|
Bacardi Ltd./Bacardi-Martini BV 5.40%,
06/15/2033(1)
|
97,114
|
|
255,000
|
Bacardi-Martini BV 6.00%, 02/01/2035(1)
|
255,901
|
|
35,000
|
Constellation Brands, Inc. 4.80%, 05/01/2030(6)
|
35,061
|
|
|
|
|
555,617
|
|
Biotechnology - 0.1%
|
||
115,000
|
CSL Finance PLC 4.25%, 04/27/2032(1)
|
110,214
|
|
|
Gilead Sciences, Inc.
|
|
|
240,000
|
4.80%, 11/15/2029
|
244,214
|
|
75,000
|
5.25%, 10/15/2033
|
76,548
|
|
25,000
|
Royalty Pharma PLC 5.15%, 09/02/2029
|
25,260
|
|
|
|
|
456,236
|
|
Chemicals - 0.2%
|
||
320,000
|
Nutrien Ltd. 4.90%, 03/27/2028
|
324,690
|
|
|
Sherwin-Williams Co.
|
|
|
237,000
|
2.30%, 05/15/2030
|
212,062
|
|
2,000
|
2.95%, 08/15/2029
|
1,872
|
|
|
|
|
538,624
|
|
Commercial Banks - 4.5%
|
||
|
Bank of America Corp.
|
|
|
315,000
|
1.92%, 10/24/2031, (1.92% fixed rate until
10/24/2030; 6 mo. USD SOFR + 1.37%
thereafter)(7)
|
271,703
|
|
165,000
|
2.48%, 09/21/2036, (2.48% fixed rate until
09/21/2031; 5 yr. USD CMT + 1.20%
thereafter)(7)
|
137,668
|
|
200,000
|
2.59%, 04/29/2031, (2.59% fixed rate until
04/29/2030; 6 mo. USD SOFR + 2.15%
thereafter)(7)
|
180,710
|
|
555,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(7)
|
490,882
|
|
514,000
|
3.97%, 02/07/2030, (3.97% fixed rate until
02/07/2029; 3 mo. USD Term SOFR +
1.47% thereafter)(7)
|
503,092
|
|
165,000
|
5.16%, 01/24/2031, (5.16% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.00%
thereafter)(7)
|
168,075
|
|
140,000
|
5.20%, 04/25/2029, (5.20% fixed rate until
04/25/2028; 6 mo. USD SOFR + 1.63%
thereafter)(7)
|
143,005
|
|
195,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(7)
|
191,263
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Commercial Banks - 4.5% - (continued)
|
||
|
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)(7)
|
$66,466
|
|
205,000
|
5.06%, 07/22/2032, (5.06% fixed rate until
07/22/2031; 6 mo. USD SOFR + 1.23%
thereafter)(7)
|
208,127
|
|
65,000
|
5.19%, 03/14/2035, (5.19% fixed rate until
03/14/2034; 6 mo. USD SOFR + 1.42%
thereafter)(7)
|
65,701
|
|
310,000
|
Barclays PLC 5.69%, 03/12/2030, (5.69% fixed
rate until 03/12/2029; 6 mo. USD SOFR +
1.74% thereafter)(7)
|
318,488
|
|
|
BNP Paribas SA
|
|
|
250,000
|
5.28%, 11/19/2030, (5.28% fixed rate until
11/19/2029; 6 mo. USD SOFR + 1.28%
thereafter)(1)(7)
|
252,814
|
|
210,000
|
5.34%, 06/12/2029, (5.34% fixed rate until
06/12/2028; 1 yr. USD CMT + 1.50%
thereafter)(1)(7)
|
214,198
|
|
|
BPCE SA
|
|
|
685,000
|
2.28%, 01/20/2032, (2.28% fixed rate until
01/20/2031; 6 mo. USD SOFR + 1.31%
thereafter)(1)(7)
|
581,173
|
|
500,000
|
6.51%, 01/18/2035, (6.51% fixed rate until
01/18/2034; 6 mo. USD SOFR + 2.79%
thereafter)(1)(7)
|
509,804
|
|
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)(7)
|
256,470
|
|
|
Citigroup, Inc.
|
|
|
25,000
|
2.67%, 01/29/2031, (2.67% fixed rate until
01/29/2030; 6 mo. USD SOFR + 1.15%
thereafter)(7)
|
22,707
|
|
70,000
|
5.17%, 02/13/2030, (5.17% fixed rate until
02/13/2029; 6 mo. USD SOFR + 1.36%
thereafter)(7)
|
71,029
|
|
|
Citizens Financial Group, Inc.
|
|
|
150,000
|
5.25%, 03/05/2031, (5.25% fixed rate until
03/05/2030; 6 mo. USD SOFR + 1.26%
thereafter)(7)
|
150,214
|
|
80,000
|
5.72%, 07/23/2032, (5.72% fixed rate until
07/23/2031; 6 mo. USD SOFR + 1.91%
thereafter)(7)
|
81,346
|
|
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)(7)
|
412,975
|
|
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)(7)
|
201,130
|
|
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)(7)
|
36,702
|
|
|
Goldman Sachs Group, Inc.
|
|
|
106,000
|
2.60%, 02/07/2030
|
96,815
|
|
50,000
|
3.80%, 03/15/2030
|
48,169
|
|
265,000
|
4.69%, 10/23/2030, (4.69% fixed rate until
10/23/2029; 6 mo. USD SOFR + 1.14%
thereafter)(7)
|
264,352
|
|
65,000
|
5.02%, 10/23/2035, (5.02% fixed rate until
10/23/2034; 6 mo. USD SOFR + 1.42%
thereafter)(7)
|
62,983
|
|
335,000
|
5.05%, 07/23/2030, (5.05% fixed rate until
07/23/2029; 6 mo. USD SOFR + 1.21%
thereafter)(7)
|
338,990
|
|
7
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Commercial Banks - 4.5% - (continued)
|
||
$ 95,000
|
5.21%, 01/28/2031, (5.21% fixed rate until
01/28/2030; 6 mo. USD SOFR + 1.08%
thereafter)(7)
|
$96,619
|
|
275,000
|
5.22%, 04/23/2031, (5.22% fixed rate until
04/23/2030; 6 mo. USD SOFR + 1.58%
thereafter)(7)
|
280,074
|
|
145,000
|
5.73%, 04/25/2030, (5.73% fixed rate until
04/25/2029; 6 mo. USD SOFR + 1.27%
thereafter)(7)
|
150,299
|
|
|
HSBC Holdings PLC
|
|
|
200,000
|
2.85%, 06/04/2031, (2.85% fixed rate until
06/04/2030; 6 mo. USD SOFR + 2.39%
thereafter)(7)
|
180,794
|
|
425,000
|
5.13%, 03/03/2031, (5.13% fixed rate until
03/03/2030; 6 mo. USD SOFR + 1.29%
thereafter)(7)
|
428,389
|
|
|
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)(7)
|
192,319
|
|
320,000
|
2.55%, 11/08/2032, (2.55% fixed rate until
11/08/2031; 6 mo. USD SOFR + 1.18%
thereafter)(7)
|
279,066
|
|
20,000
|
2.58%, 04/22/2032, (2.58% fixed rate until
04/22/2031; 3 mo. USD Term SOFR +
1.25% thereafter)(7)
|
17,724
|
|
25,000
|
3.51%, 01/23/2029, (3.51% fixed rate until
01/23/2028; 3 mo. USD Term SOFR +
1.21% thereafter)(7)
|
24,393
|
|
420,000
|
4.51%, 10/22/2028, (4.51% fixed rate until
10/22/2027; 6 mo. USD SOFR + 0.86%
thereafter)(7)
|
421,187
|
|
200,000
|
4.91%, 07/25/2033, (4.91% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.08%
thereafter)(7)
|
198,967
|
|
45,000
|
4.95%, 10/22/2035, (4.95% fixed rate until
10/22/2034; 6 mo. USD SOFR + 1.34%
thereafter)(7)
|
43,951
|
|
275,000
|
5.00%, 07/22/2030, (5.00% fixed rate until
07/22/2029; 6 mo. USD SOFR + 1.13%
thereafter)(7)
|
278,976
|
|
260,000
|
5.10%, 04/22/2031, (5.10% fixed rate until
04/22/2030; 6 mo. USD SOFR + 1.44%
thereafter)(7)
|
264,710
|
|
100,000
|
5.14%, 01/24/2031, (5.14% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.01%
thereafter)(7)
|
102,123
|
|
120,000
|
5.34%, 01/23/2035, (5.34% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.62%
thereafter)(7)
|
121,007
|
|
200,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(7)
|
207,251
|
|
130,000
|
6.07%, 10/22/2027, (6.07% fixed rate until
10/22/2026; 6 mo. USD SOFR + 1.33%
thereafter)(7)
|
133,261
|
|
235,000
|
6.09%, 10/23/2029, (6.09% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.57%
thereafter)(7)
|
247,009
|
|
|
Morgan Stanley
|
|
|
22,000
|
1.79%, 02/13/2032, (1.79% fixed rate until
02/13/2031; 6 mo. USD SOFR + 1.03%
thereafter)(7)
|
18,555
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Commercial Banks - 4.5% - (continued)
|
||
$ 332,000
|
2.70%, 01/22/2031, (2.70% fixed rate until
01/22/2030; 6 mo. USD SOFR + 1.14%
thereafter)(7)
|
$303,253
|
|
100,000
|
3.77%, 01/24/2029, (3.77% fixed rate until
01/24/2028; 3 mo. USD Term SOFR +
1.40% thereafter)(7)
|
98,193
|
|
141,000
|
3.97%, 07/22/2038(3)
|
121,282
|
|
75,000
|
4.65%, 10/18/2030, (4.65% fixed rate until
10/18/2029; 6 mo. USD SOFR + 1.10%
thereafter)(7)
|
74,761
|
|
90,000
|
5.23%, 01/15/2031, (5.23% fixed rate until
01/15/2030; 6 mo. USD SOFR + 1.11%
thereafter)(7)
|
91,763
|
|
255,000
|
5.45%, 07/20/2029, (5.45% fixed rate until
07/20/2028; 6 mo. USD SOFR + 1.63%
thereafter)(7)
|
261,778
|
|
235,000
|
5.66%, 04/18/2030, (5.66% fixed rate until
04/18/2029; 6 mo. USD SOFR + 1.26%
thereafter)(7)
|
243,067
|
|
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)(7)
|
247,290
|
|
245,000
|
Norinchukin Bank 5.43%, 03/09/2028(1)
|
249,862
|
|
290,000
|
Royal Bank of Canada 5.15%, 02/04/2031,
(5.15% fixed rate until 02/04/2030; 6 mo. USD
SOFR + 1.03% thereafter)(7)
|
295,080
|
|
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)(7)
|
200,906
|
|
|
Wells Fargo & Co.
|
|
|
260,000
|
3.35%, 03/02/2033, (3.35% fixed rate until
03/02/2032; 6 mo. USD SOFR + 1.50%
thereafter)(7)
|
233,448
|
|
70,000
|
4.54%, 08/15/2026, (4.54% fixed rate until
08/15/2025; 6 mo. USD SOFR + 1.56%
thereafter)(7)
|
69,947
|
|
20,000
|
4.90%, 07/25/2033, (4.90% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.10%
thereafter)(7)
|
19,649
|
|
146,000
|
5.01%, 04/04/2051, (5.01% fixed rate until
04/04/2050; 3 mo. USD Term SOFR +
4.50% thereafter)(7)
|
128,434
|
|
175,000
|
5.15%, 04/23/2031, (5.15% fixed rate until
04/23/2030; 6 mo. USD SOFR + 1.50%
thereafter)(7)
|
177,715
|
|
125,000
|
5.24%, 01/24/2031, (5.24% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.11%
thereafter)(7)
|
127,592
|
|
185,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(7)
|
190,331
|
|
150,000
|
6.30%, 10/23/2029, (6.30% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.79%
thereafter)(7)
|
158,300
|
|
215,000
|
6.49%, 10/23/2034, (6.49% fixed rate until
10/23/2033; 6 mo. USD SOFR + 2.06%
thereafter)(7)
|
231,220
|
|
|
|
|
13,557,596
|
|
Commercial Services - 0.2%
|
||
|
Howard University
|
|
|
100,000
|
2.90%, 10/01/2031
|
86,237
|
|
70,000
|
3.48%, 10/01/2041
|
51,201
|
|
8
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Commercial Services - 0.2% - (continued)
|
||
$ 105,000
|
President & Fellows of Harvard College 5.26%,
03/15/2036
|
$107,908
|
|
225,000
|
RELX Capital, Inc. 4.75%, 03/27/2030
|
227,466
|
|
|
|
|
472,812
|
|
Construction Materials - 0.0%
|
||
65,000
|
Trane Technologies Financing Ltd. 3.80%,
03/21/2029
|
63,676
|
|
|
Diversified Financial Services - 0.5%
|
||
|
American Express Co.
|
|
|
375,000
|
5.02%, 04/25/2031, (5.02% fixed rate until
04/25/2030; 6 mo. USD SOFR + 1.44%
thereafter)(7)
|
381,095
|
|
280,000
|
5.09%, 01/30/2031, (5.09% fixed rate until
01/30/2030; 6 mo. USD SOFR + 1.02%
thereafter)(7)
|
285,086
|
|
360,000
|
Ameriprise Financial, Inc. 5.20%, 04/15/2035
|
360,442
|
|
|
Capital One Financial Corp.
|
|
|
65,000
|
3.27%, 03/01/2030, (3.27% fixed rate until
03/01/2029; 6 mo. USD SOFR + 1.79%
thereafter)(7)
|
61,254
|
|
145,000
|
6.05%, 02/01/2035, (6.05% fixed rate until
02/01/2034; 6 mo. USD SOFR + 2.26%
thereafter)(7)
|
148,217
|
|
60,000
|
6.18%, 01/30/2036, (6.18% fixed rate until
01/30/2035; 6 mo. USD SOFR + 2.04%
thereafter)(7)
|
59,253
|
|
305,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(7)
|
339,746
|
|
|
|
|
1,635,093
|
|
Electric - 4.0%
|
||
|
Alabama Power Co.
|
|
|
100,000
|
3.45%, 10/01/2049
|
69,908
|
|
42,000
|
4.15%, 08/15/2044
|
34,409
|
|
40,000
|
5.10%, 04/02/2035
|
40,159
|
|
130,000
|
Baltimore Gas & Electric Co. 5.65%, 06/01/2054
|
126,848
|
|
|
CenterPoint Energy, Inc.
|
|
|
250,000
|
5.25%, 08/10/2026
|
252,158
|
|
225,000
|
5.40%, 06/01/2029
|
231,727
|
|
65,000
|
Cleco Corporate Holdings LLC 3.38%, 09/15/2029
|
60,437
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
195,000
|
3.20%, 12/01/2051
|
126,105
|
|
175,000
|
5.50%, 03/15/2055
|
166,442
|
|
120,000
|
5.70%, 05/15/2054
|
117,834
|
|
65,000
|
Consumers Energy Co. 5.05%, 05/15/2035(6)
|
65,184
|
|
310,000
|
Dominion Energy, Inc. 5.00%, 06/15/2030
|
313,350
|
|
35,000
|
Duke Energy Carolinas LLC 3.55%, 03/15/2052
|
24,475
|
|
|
Duke Energy Corp.
|
|
|
40,000
|
2.45%, 06/01/2030
|
35,929
|
|
825,000
|
2.55%, 06/15/2031
|
724,132
|
|
70,000
|
3.50%, 06/15/2051
|
46,431
|
|
120,000
|
3.75%, 09/01/2046
|
86,690
|
|
25,000
|
5.00%, 08/15/2052
|
21,373
|
|
30,000
|
5.80%, 06/15/2054
|
28,749
|
|
82,000
|
Duke Energy Indiana LLC 3.25%, 10/01/2049
|
54,371
|
|
170,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
161,680
|
|
|
Duke Energy Progress LLC
|
|
|
150,000
|
5.05%, 03/15/2035
|
149,532
|
|
135,000
|
5.55%, 03/15/2055
|
130,408
|
|
|
Edison International
|
|
|
30,000
|
5.25%, 11/15/2028
|
29,805
|
|
40,000
|
6.25%, 03/15/2030
|
40,537
|
|
129,000
|
Evergy, Inc. 2.90%, 09/15/2029
|
120,180
|
|
|
Eversource Energy
|
|
|
325,000
|
5.13%, 05/15/2033
|
320,328
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Electric - 4.0% - (continued)
|
||
$ 245,000
|
5.45%, 03/01/2028
|
$251,020
|
|
211,000
|
5.50%, 01/01/2034
|
211,023
|
|
70,000
|
FirstEnergy Corp. 3.90%, 07/15/2027(5)
|
69,191
|
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
27,000
|
5.15%, 03/30/2026(1)
|
27,076
|
|
15,000
|
5.20%, 04/01/2028(1)
|
15,291
|
|
250,000
|
Florida Power & Light Co. 4.63%, 05/15/2030
|
253,121
|
|
|
Georgia Power Co.
|
|
|
71,000
|
4.30%, 03/15/2042
|
60,144
|
|
265,000
|
4.55%, 03/15/2030
|
266,660
|
|
240,000
|
4.65%, 05/16/2028
|
242,808
|
|
125,000
|
5.20%, 03/15/2035
|
126,130
|
|
147,000
|
ITC Holdings Corp. 2.95%, 05/14/2030(1)
|
135,346
|
|
55,000
|
Jersey Central Power & Light Co. 5.10%,
01/15/2035(1)
|
54,207
|
|
15,000
|
Monongahela Power Co. 5.85%, 02/15/2034(1)
|
15,428
|
|
210,000
|
National Grid PLC 5.60%, 06/12/2028
|
216,530
|
|
554,000
|
NextEra Energy Capital Holdings, Inc. 2.25%,
06/01/2030
|
493,235
|
|
|
NSTAR Electric Co.
|
|
|
150,000
|
5.20%, 03/01/2035
|
149,980
|
|
90,000
|
5.40%, 06/01/2034
|
91,781
|
|
69,000
|
Oglethorpe Power Corp. 5.05%, 10/01/2048
|
60,198
|
|
25,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
25,305
|
|
325,000
|
Ohio Power Co. 5.00%, 06/01/2033
|
320,518
|
|
190,000
|
Oncor Electric Delivery Co. LLC 5.35%,
04/01/2035(1)
|
192,379
|
|
|
Pacific Gas & Electric Co.
|
|
|
690,000
|
2.50%, 02/01/2031
|
595,493
|
|
175,000
|
3.25%, 06/01/2031
|
156,065
|
|
90,000
|
5.45%, 06/15/2027
|
91,155
|
|
190,000
|
Public Service Co. of Oklahoma 5.20%,
01/15/2035
|
186,905
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
225,000
|
4.90%, 03/15/2030
|
227,140
|
|
20,000
|
5.45%, 04/01/2034
|
20,216
|
|
95,000
|
6.13%, 10/15/2033
|
99,838
|
|
|
Puget Energy, Inc.
|
|
|
699,000
|
3.65%, 05/15/2025
|
698,443
|
|
60,000
|
4.22%, 03/15/2032
|
55,515
|
|
310,000
|
5.73%, 03/15/2035(1)
|
308,346
|
|
185,000
|
San Diego Gas & Electric Co. 5.40%, 04/15/2035
|
186,712
|
|
|
Southern California Edison Co.
|
|
|
77,000
|
2.25%, 06/01/2030
|
67,423
|
|
75,000
|
2.75%, 02/01/2032
|
63,885
|
|
216,000
|
3.65%, 02/01/2050
|
143,255
|
|
85,000
|
4.65%, 10/01/2043
|
68,339
|
|
205,000
|
4.90%, 06/01/2026
|
205,588
|
|
70,000
|
5.20%, 06/01/2034
|
67,248
|
|
100,000
|
5.45%, 03/01/2035
|
97,079
|
|
|
Southern Co.
|
|
|
4,000
|
3.25%, 07/01/2026
|
3,947
|
|
63,000
|
3.70%, 04/30/2030
|
60,462
|
|
190,000
|
4.85%, 06/15/2028
|
193,158
|
|
70,000
|
4.85%, 03/15/2035
|
67,835
|
|
30,000
|
Southwestern Electric Power Co. 5.30%,
04/01/2033
|
29,865
|
|
55,000
|
Trans-Allegheny Interstate Line Co. 5.00%,
01/15/2031(1)
|
55,949
|
|
|
Virginia Electric & Power Co.
|
|
|
62,000
|
2.45%, 12/15/2050
|
34,125
|
|
310,000
|
5.00%, 04/01/2033
|
307,753
|
|
195,000
|
5.00%, 01/15/2034
|
191,943
|
|
75,000
|
5.05%, 08/15/2034
|
74,216
|
|
190,000
|
5.15%, 03/15/2035
|
187,670
|
|
50,000
|
5.35%, 01/15/2054
|
45,848
|
|
55,000
|
5.65%, 03/15/2055
|
52,714
|
|
9
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Electric - 4.0% - (continued)
|
||
$ 110,000
|
Wisconsin Power & Light Co. 5.38%, 03/30/2034
|
$110,809
|
|
|
Xcel Energy, Inc.
|
|
|
80,000
|
4.60%, 06/01/2032
|
77,056
|
|
240,000
|
5.60%, 04/15/2035
|
242,336
|
|
|
|
|
11,930,883
|
|
Entertainment - 0.6%
|
||
|
Warnermedia Holdings, Inc.
|
|
|
965,000
|
4.28%, 03/15/2032
|
826,311
|
|
105,000
|
5.05%, 03/15/2042
|
79,145
|
|
560,000
|
5.14%, 03/15/2052
|
382,851
|
|
585,000
|
5.39%, 03/15/2062
|
397,950
|
|
|
|
|
1,686,257
|
|
Environmental Control - 0.2%
|
||
|
Republic Services, Inc.
|
|
|
80,000
|
1.45%, 02/15/2031
|
67,313
|
|
100,000
|
4.88%, 04/01/2029
|
101,777
|
|
225,000
|
5.20%, 11/15/2034
|
228,931
|
|
90,000
|
Veralto Corp. 5.50%, 09/18/2026
|
91,276
|
|
|
Waste Management, Inc.
|
|
|
39,000
|
4.95%, 07/03/2031
|
39,924
|
|
50,000
|
4.95%, 03/15/2035
|
49,783
|
|
|
|
|
579,004
|
|
Food - 0.5%
|
||
|
Conagra Brands, Inc.
|
|
|
242,000
|
4.85%, 11/01/2028
|
243,626
|
|
210,000
|
5.30%, 10/01/2026
|
211,750
|
|
75,000
|
JBS USA Holding Lux SARL/JBS USA Food
Co./JBS Lux Co. SARL 3.63%, 01/15/2032
|
67,856
|
|
180,000
|
Kraft Heinz Foods Co. 5.20%, 03/15/2032
|
182,652
|
|
|
Mars, Inc.
|
|
|
50,000
|
4.60%, 03/01/2028(1)
|
50,539
|
|
505,000
|
5.00%, 03/01/2032(1)
|
509,047
|
|
75,000
|
5.20%, 03/01/2035(1)
|
75,294
|
|
180,000
|
5.65%, 05/01/2045(1)
|
178,757
|
|
95,000
|
5.70%, 05/01/2055(1)
|
93,638
|
|
|
|
|
1,613,159
|
|
Gas - 0.4%
|
||
80,000
|
Atmos Energy Corp. 5.90%, 11/15/2033
|
85,066
|
|
70,000
|
Boston Gas Co. 3.76%, 03/16/2032(1)
|
63,777
|
|
185,000
|
Brooklyn Union Gas Co. 4.87%, 08/05/2032(1)
|
178,331
|
|
55,000
|
East Ohio Gas Co. 3.00%, 06/15/2050(1)
|
34,342
|
|
|
NiSource, Inc.
|
|
|
75,000
|
1.70%, 02/15/2031
|
63,402
|
|
242,000
|
3.49%, 05/15/2027
|
237,765
|
|
250,000
|
5.25%, 03/30/2028
|
255,449
|
|
60,000
|
5.40%, 06/30/2033
|
60,400
|
|
|
Southern California Gas Co.
|
|
|
146,000
|
5.60%, 04/01/2054
|
139,422
|
|
25,000
|
5.75%, 06/01/2053
|
24,113
|
|
|
Southwest Gas Corp.
|
|
|
104,000
|
2.20%, 06/15/2030
|
91,557
|
|
35,000
|
4.15%, 06/01/2049
|
26,424
|
|
|
|
|
1,260,048
|
|
Healthcare - Products - 0.3%
|
||
200,000
|
Alcon Finance Corp. 3.00%, 09/23/2029(1)
|
186,326
|
|
100,000
|
GE HealthCare Technologies, Inc. 5.91%,
11/22/2032
|
104,942
|
|
165,000
|
Smith & Nephew PLC 2.03%, 10/14/2030
|
143,101
|
|
325,000
|
Solventum Corp. 5.40%, 03/01/2029
|
331,465
|
|
|
|
|
765,834
|
|
Healthcare - Services - 0.6%
|
||
|
Centene Corp.
|
|
|
110,000
|
2.50%, 03/01/2031
|
93,270
|
|
500,000
|
2.63%, 08/01/2031
|
422,328
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Healthcare - Services - 0.6% - (continued)
|
||
$ 155,000
|
Elevance Health, Inc. 4.50%, 10/30/2026
|
$155,399
|
|
|
Humana, Inc.
|
|
|
20,000
|
5.38%, 04/15/2031
|
20,257
|
|
220,000
|
5.55%, 05/01/2035
|
218,296
|
|
175,000
|
Kaiser Foundation Hospitals 2.81%, 06/01/2041
|
123,002
|
|
190,000
|
Laboratory Corp. of America Holdings 4.55%,
04/01/2032
|
185,415
|
|
|
UnitedHealth Group, Inc.
|
|
|
85,000
|
2.75%, 05/15/2040
|
60,534
|
|
20,000
|
3.50%, 08/15/2039
|
16,030
|
|
87,000
|
4.75%, 07/15/2045
|
76,195
|
|
35,000
|
4.95%, 05/15/2062
|
29,589
|
|
245,000
|
5.38%, 04/15/2054
|
227,275
|
|
35,000
|
5.75%, 07/15/2064
|
33,765
|
|
105,000
|
5.88%, 02/15/2053
|
104,455
|
|
65,000
|
6.05%, 02/15/2063
|
65,754
|
|
20,000
|
Universal Health Services, Inc. 2.65%,
10/15/2030
|
17,538
|
|
|
|
|
1,849,102
|
|
Insurance - 0.8%
|
||
|
Athene Global Funding
|
|
|
280,000
|
2.65%, 10/04/2031(1)
|
240,990
|
|
80,000
|
2.72%, 01/07/2029(1)
|
74,112
|
|
280,000
|
4.72%, 10/08/2029(1)
|
277,613
|
|
330,000
|
5.68%, 02/23/2026(1)
|
332,815
|
|
315,000
|
Brighthouse Financial Global Funding 5.65%,
06/10/2029(1)
|
319,589
|
|
225,000
|
CNO Global Funding 4.88%, 12/10/2027(1)
|
226,815
|
|
|
Corebridge Global Funding
|
|
|
210,000
|
4.90%, 12/03/2029(1)
|
211,500
|
|
50,000
|
5.90%, 09/19/2028(1)
|
52,172
|
|
|
Equitable Financial Life Global Funding
|
|
|
90,000
|
1.80%, 03/08/2028(1)
|
83,625
|
|
150,000
|
5.00%, 03/27/2030(1)
|
151,787
|
|
85,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
84,566
|
|
45,000
|
Marsh & McLennan Cos., Inc. 4.75%, 03/15/2039
|
42,365
|
|
150,000
|
Protective Life Global Funding 5.22%,
06/12/2029(1)
|
154,084
|
|
169,000
|
Willis North America, Inc. 2.95%, 09/15/2029
|
157,288
|
|
|
|
|
2,409,321
|
|
Internet - 0.2%
|
||
125,000
|
Alphabet, Inc. 5.30%, 05/15/2065(6)
|
123,497
|
|
375,000
|
Meta Platforms, Inc. 4.60%, 05/15/2028
|
382,493
|
|
|
|
|
505,990
|
|
Investment Company Security - 0.2%
|
||
525,000
|
Bain Capital Specialty Finance, Inc. 2.55%,
10/13/2026
|
501,589
|
|
|
IT Services - 0.4%
|
||
345,000
|
Accenture Capital, Inc. 4.25%, 10/04/2031
|
341,310
|
|
250,000
|
Apple, Inc. 4.15%, 05/10/2030
|
253,701
|
|
225,000
|
Dell International LLC/EMC Corp. 5.30%,
04/01/2032
|
225,518
|
|
300,000
|
International Business Machines Corp. 4.80%,
02/10/2030
|
303,692
|
|
|
|
|
1,124,221
|
|
Lodging - 0.0%
|
||
60,000
|
Las Vegas Sands Corp. 6.00%, 06/14/2030(6)
|
60,338
|
|
|
Machinery - Construction & Mining - 0.1%
|
||
330,000
|
Caterpillar Financial Services Corp. 4.70%,
11/15/2029
|
336,049
|
|
10
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Machinery-Diversified - 0.1%
|
||
|
Otis Worldwide Corp.
|
|
|
$ 405,000
|
2.57%, 02/15/2030
|
$369,945
|
|
55,000
|
5.13%, 11/19/2031
|
55,953
|
|
|
|
|
425,898
|
|
Media - 0.9%
|
||
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
|
20,000
|
3.70%, 04/01/2051
|
12,324
|
|
41,000
|
3.85%, 04/01/2061
|
24,266
|
|
347,000
|
4.20%, 03/15/2028
|
340,970
|
|
380,000
|
4.40%, 12/01/2061
|
246,751
|
|
|
Comcast Corp.
|
|
|
215,000
|
2.89%, 11/01/2051
|
129,324
|
|
344,000
|
3.20%, 07/15/2036
|
284,918
|
|
185,000
|
3.75%, 04/01/2040
|
151,711
|
|
425,000
|
4.55%, 01/15/2029
|
429,578
|
|
|
Cox Communications, Inc.
|
|
|
195,000
|
2.60%, 06/15/2031(1)
|
170,039
|
|
20,000
|
5.45%, 09/01/2034(1)
|
19,654
|
|
50,000
|
5.80%, 12/15/2053(1)
|
44,707
|
|
130,000
|
5.95%, 09/01/2054(1)
|
118,618
|
|
310,000
|
Discovery Communications LLC 3.63%,
05/15/2030
|
274,916
|
|
|
Paramount Global
|
|
|
25,000
|
4.38%, 03/15/2043
|
18,009
|
|
20,000
|
4.95%, 05/19/2050
|
14,748
|
|
240,000
|
5.85%, 09/01/2043
|
203,447
|
|
110,000
|
6.88%, 04/30/2036
|
110,449
|
|
|
|
|
2,594,429
|
|
Mining - 0.5%
|
||
|
BHP Billiton Finance USA Ltd.
|
|
|
95,000
|
4.90%, 02/28/2033
|
94,172
|
|
70,000
|
5.25%, 09/08/2033
|
70,789
|
|
|
Glencore Funding LLC
|
|
|
285,000
|
5.37%, 04/04/2029(1)
|
290,563
|
|
160,000
|
5.63%, 04/04/2034(1)
|
160,012
|
|
115,000
|
5.67%, 04/01/2035(1)
|
114,717
|
|
185,000
|
6.38%, 10/06/2030(1)
|
197,061
|
|
195,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
209,371
|
|
|
Rio Tinto Finance USA PLC
|
|
|
65,000
|
5.00%, 03/14/2032
|
65,439
|
|
175,000
|
5.88%, 03/14/2065
|
172,837
|
|
|
|
|
1,374,961
|
|
Office/Business Equipment - 0.0%
|
||
80,000
|
CDW LLC/CDW Finance Corp. 2.67%, 12/01/2026
|
77,349
|
|
|
Oil & Gas - 1.3%
|
||
|
Aker BP ASA
|
|
|
150,000
|
5.13%, 10/01/2034(1)
|
140,132
|
|
305,000
|
5.80%, 10/01/2054(1)
|
266,917
|
|
150,000
|
6.00%, 06/13/2033(1)
|
150,624
|
|
|
BP Capital Markets America, Inc.
|
|
|
115,000
|
3.06%, 06/17/2041
|
82,821
|
|
95,000
|
4.81%, 02/13/2033
|
93,238
|
|
35,000
|
4.89%, 09/11/2033
|
34,387
|
|
20,000
|
5.23%, 11/17/2034
|
19,984
|
|
|
ConocoPhillips Co.
|
|
|
206,000
|
3.80%, 03/15/2052
|
146,634
|
|
118,000
|
4.03%, 03/15/2062
|
82,287
|
|
95,000
|
4.70%, 01/15/2030
|
95,839
|
|
55,000
|
5.30%, 05/15/2053
|
49,721
|
|
105,000
|
5.65%, 01/15/2065
|
97,118
|
|
105,000
|
5.70%, 09/15/2063
|
98,158
|
|
|
Coterra Energy, Inc.
|
|
|
218,000
|
5.40%, 02/15/2035
|
210,657
|
|
37,000
|
5.60%, 03/15/2034
|
36,430
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Oil & Gas - 1.3% - (continued)
|
||
|
Diamondback Energy, Inc.
|
|
|
$ 220,000
|
5.55%, 04/01/2035
|
$216,229
|
|
75,000
|
5.75%, 04/18/2054
|
67,016
|
|
70,000
|
5.90%, 04/18/2064
|
62,070
|
|
35,000
|
6.25%, 03/15/2053
|
33,097
|
|
110,000
|
EOG Resources, Inc. 5.65%, 12/01/2054
|
104,311
|
|
232,000
|
Equinor ASA 3.63%, 04/06/2040
|
188,949
|
|
|
Hess Corp.
|
|
|
143,000
|
7.13%, 03/15/2033
|
160,597
|
|
176,000
|
7.30%, 08/15/2031
|
197,884
|
|
165,000
|
Patterson-UTI Energy, Inc. 7.15%, 10/01/2033
|
162,342
|
|
|
Phillips 66 Co.
|
|
|
165,000
|
4.95%, 12/01/2027
|
167,162
|
|
120,000
|
4.95%, 03/15/2035
|
113,109
|
|
200,000
|
Pioneer Natural Resources Co. 5.10%,
03/29/2026
|
201,213
|
|
200,000
|
Saudi Arabian Oil Co. 5.88%, 07/17/2064(1)
|
184,128
|
|
|
Shell Finance U.S., Inc.
|
|
|
25,000
|
3.25%, 04/06/2050
|
16,771
|
|
80,000
|
4.38%, 05/11/2045
|
66,854
|
|
145,000
|
Shell International Finance BV 3.00%, 11/26/2051
|
91,522
|
|
|
TotalEnergies Capital SA
|
|
|
180,000
|
5.43%, 09/10/2064
|
163,954
|
|
275,000
|
5.64%, 04/05/2064
|
258,772
|
|
|
|
|
4,060,927
|
|
Pharmaceuticals - 0.7%
|
||
|
AbbVie, Inc.
|
|
|
73,000
|
3.20%, 11/21/2029
|
69,582
|
|
90,000
|
4.95%, 03/15/2031
|
92,097
|
|
40,000
|
5.20%, 03/15/2035
|
40,528
|
|
390,000
|
Cardinal Health, Inc. 5.00%, 11/15/2029
|
396,490
|
|
280,000
|
Cencora, Inc. 4.85%, 12/15/2029
|
283,204
|
|
|
CVS Health Corp.
|
|
|
150,000
|
1.88%, 02/28/2031
|
126,555
|
|
115,000
|
2.13%, 09/15/2031
|
96,795
|
|
120,000
|
3.25%, 08/15/2029
|
113,068
|
|
30,000
|
3.75%, 04/01/2030
|
28,541
|
|
325,000
|
5.00%, 01/30/2029
|
328,569
|
|
55,000
|
5.05%, 03/25/2048
|
46,744
|
|
125,000
|
Eli Lilly & Co. 5.50%, 02/12/2055
|
125,326
|
|
250,000
|
Pfizer Investment Enterprises Pte. Ltd. 4.45%,
05/19/2028
|
251,944
|
|
85,000
|
Pfizer, Inc. 3.90%, 03/15/2039
|
72,717
|
|
|
|
|
2,072,160
|
|
Pipelines - 1.0%
|
||
|
Columbia Pipelines Holding Co. LLC
|
|
|
128,000
|
5.10%, 10/01/2031(1)
|
126,340
|
|
100,000
|
5.68%, 01/15/2034(1)
|
98,989
|
|
150,000
|
6.04%, 08/15/2028(1)
|
154,669
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
170,000
|
5.93%, 08/15/2030(1)
|
177,784
|
|
30,000
|
6.04%, 11/15/2033(1)
|
30,998
|
|
|
Enbridge, Inc.
|
|
|
115,000
|
3.13%, 11/15/2029
|
107,598
|
|
155,000
|
4.25%, 12/01/2026
|
154,435
|
|
30,000
|
6.00%, 11/15/2028
|
31,394
|
|
|
Energy Transfer LP
|
|
|
7,000
|
4.90%, 03/15/2035
|
6,527
|
|
25,000
|
5.15%, 03/15/2045
|
20,986
|
|
60,000
|
5.25%, 07/01/2029
|
60,806
|
|
240,000
|
5.70%, 04/01/2035
|
237,558
|
|
250,000
|
6.40%, 12/01/2030
|
265,841
|
|
|
Enterprise Products Operating LLC
|
|
|
40,000
|
3.30%, 02/15/2053
|
25,935
|
|
25,000
|
6.13%, 10/15/2039
|
26,340
|
|
35,000
|
MPLX LP 2.65%, 08/15/2030
|
31,294
|
|
11
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Pipelines - 1.0% - (continued)
|
||
|
ONEOK, Inc.
|
|
|
$ 100,000
|
4.40%, 10/15/2029
|
$98,446
|
|
50,000
|
4.75%, 10/15/2031
|
48,775
|
|
265,000
|
5.05%, 11/01/2034
|
251,285
|
|
150,000
|
5.85%, 11/01/2064
|
133,759
|
|
45,000
|
6.05%, 09/01/2033
|
46,167
|
|
15,000
|
6.10%, 11/15/2032
|
15,577
|
|
25,000
|
6.63%, 09/01/2053
|
24,887
|
|
175,000
|
Targa Resources Corp. 5.55%, 08/15/2035
|
171,460
|
|
260,000
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp. 4.00%, 01/15/2032
|
238,154
|
|
150,000
|
Transcontinental Gas Pipe Line Co. LLC 3.25%,
05/15/2030
|
140,225
|
|
|
Whistler Pipeline LLC
|
|
|
10,000
|
5.40%, 09/30/2029(1)
|
10,076
|
|
105,000
|
5.70%, 09/30/2031(1)
|
106,567
|
|
90,000
|
5.95%, 09/30/2034(1)
|
90,728
|
|
|
|
|
2,933,600
|
|
Real Estate Investment Trusts - 0.3%
|
||
275,000
|
American Tower Corp. 5.25%, 07/15/2028
|
281,080
|
|
|
Crown Castle, Inc.
|
|
|
214,000
|
3.80%, 02/15/2028
|
209,068
|
|
30,000
|
4.80%, 09/01/2028
|
30,091
|
|
110,000
|
GLP Capital LP/GLP Financing II, Inc. 5.30%,
01/15/2029
|
109,893
|
|
170,000
|
Realty Income Corp. 5.13%, 04/15/2035
|
168,479
|
|
|
|
|
798,611
|
|
Retail - 0.2%
|
||
|
AutoZone, Inc.
|
|
|
30,000
|
5.40%, 07/15/2034
|
30,315
|
|
90,000
|
6.55%, 11/01/2033
|
97,751
|
|
180,000
|
Lowe's Cos., Inc. 4.80%, 04/01/2026
|
180,363
|
|
|
O'Reilly Automotive, Inc.
|
|
|
89,000
|
4.70%, 06/15/2032
|
87,244
|
|
70,000
|
5.00%, 08/19/2034
|
68,408
|
|
140,000
|
5.75%, 11/20/2026
|
142,678
|
|
|
|
|
606,759
|
|
Semiconductors - 0.5%
|
||
|
Broadcom, Inc.
|
|
|
155,000
|
4.15%, 02/15/2028
|
154,418
|
|
100,000
|
5.05%, 07/12/2029
|
101,958
|
|
|
Intel Corp.
|
|
|
204,000
|
3.25%, 11/15/2049
|
124,611
|
|
385,000
|
3.73%, 12/08/2047
|
262,549
|
|
70,000
|
4.75%, 03/25/2050
|
54,916
|
|
25,000
|
5.90%, 02/10/2063
|
22,568
|
|
175,000
|
Marvell Technology, Inc. 5.75%, 02/15/2029
|
181,103
|
|
105,000
|
Microchip Technology, Inc. 5.05%, 02/15/2030
|
104,521
|
|
125,000
|
Micron Technology, Inc. 5.65%, 11/01/2032
|
126,614
|
|
320,000
|
NVIDIA Corp. 3.50%, 04/01/2040
|
265,417
|
|
70,000
|
QUALCOMM, Inc. 4.80%, 05/20/2045
|
62,752
|
|
|
|
|
1,461,427
|
|
Software - 0.2%
|
||
|
Oracle Corp.
|
|
|
35,000
|
2.95%, 04/01/2030
|
32,354
|
|
219,000
|
3.60%, 04/01/2040
|
170,697
|
|
67,000
|
3.80%, 11/15/2037
|
55,946
|
|
55,000
|
5.25%, 02/03/2032
|
55,760
|
|
195,000
|
5.38%, 07/15/2040
|
185,006
|
|
115,000
|
5.50%, 09/27/2064
|
102,042
|
|
|
|
|
601,805
|
|
Telecommunications - 0.3%
|
||
|
Cisco Systems, Inc.
|
|
|
60,000
|
4.75%, 02/24/2030
|
61,427
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 21.1% - (continued)
|
|||
|
Telecommunications - 0.3% - (continued)
|
||
$ 205,000
|
4.95%, 02/26/2031
|
$210,916
|
|
35,000
|
5.35%, 02/26/2064
|
33,176
|
|
|
T-Mobile USA, Inc.
|
|
|
170,000
|
2.55%, 02/15/2031
|
150,849
|
|
210,000
|
3.00%, 02/15/2041
|
150,247
|
|
65,000
|
3.88%, 04/15/2030
|
62,719
|
|
80,000
|
4.70%, 01/15/2035
|
76,737
|
|
200,000
|
4.80%, 07/15/2028
|
202,053
|
|
30,000
|
5.13%, 05/15/2032
|
30,332
|
|
|
|
|
978,456
|
|
Transportation - 0.0%
|
||
15,000
|
Norfolk Southern Corp. 5.10%, 05/01/2035(6)
|
15,053
|
|
|
Trucking & Leasing - 0.0%
|
||
|
Penske Truck Leasing Co. LP/PTL Finance Corp.
|
|
|
25,000
|
4.20%, 04/01/2027(1)
|
24,798
|
|
55,000
|
4.40%, 07/01/2027(1)
|
54,777
|
|
7,000
|
5.55%, 05/01/2028(1)
|
7,171
|
|
65,000
|
6.05%, 08/01/2028(1)
|
67,610
|
|
|
|
|
154,356
|
|
Total Corporate Bonds
(cost $64,856,543)
|
$63,533,515
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 1.4%
|
|||
|
Bermuda - 0.2%
|
||
|
Bermuda Government International Bonds
|
|
|
400,000
|
2.38%, 08/20/2030(8)
|
$347,112
|
|
200,000
|
5.00%, 07/15/2032(8)
|
196,637
|
|
|
|
|
543,749
|
|
Hungary - 0.2%
|
||
|
Hungary Government International Bonds
|
|
|
305,000
|
5.50%, 03/26/2036(1)
|
288,161
|
|
265,000
|
6.13%, 05/22/2028(1)
|
272,596
|
|
|
|
|
560,757
|
|
Israel - 0.0%
|
||
200,000
|
Israel Government International Bonds 5.38%,
02/19/2030
|
201,854
|
|
|
Mexico - 0.5%
|
||
|
Mexico Government International Bonds
|
|
|
890,000
|
6.00%, 05/07/2036
|
847,697
|
|
400,000
|
6.40%, 05/07/2054
|
353,787
|
|
225,000
|
6.88%, 05/13/2037
|
227,178
|
|
|
|
|
1,428,662
|
|
Panama - 0.1%
|
||
|
Panama Government International Bonds
|
|
|
200,000
|
2.25%, 09/29/2032
|
145,990
|
|
80,000
|
6.70%, 01/26/2036
|
77,071
|
|
|
|
|
223,061
|
|
Peru - 0.1%
|
||
|
Peru Government International Bonds
|
|
|
65,000
|
3.00%, 01/15/2034
|
54,070
|
|
225,000
|
5.38%, 02/08/2035
|
221,526
|
|
|
|
|
275,596
|
|
Romania - 0.3%
|
||
|
Romania Government International Bonds
|
|
|
470,000
|
3.63%, 03/27/2032(8)
|
390,043
|
|
68,000
|
5.75%, 03/24/2035(1)
|
60,263
|
|
334,000
|
5.88%, 01/30/2029(1)
|
330,889
|
|
90,000
|
7.50%, 02/10/2037(1)
|
89,559
|
|
|
|
|
870,754
|
|
12
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 1.4% - (continued)
|
|||
|
Uruguay - 0.0%
|
||
$ 180,000
|
Uruguay Government International Bonds 4.38%,
01/23/2031
|
$177,867
|
|
|
Total Foreign Government Obligations
(cost $4,389,342)
|
|
$4,282,300
|
MUNICIPAL BONDS - 0.4%
|
|||
|
Build America Bonds - 0.1%
|
||
155,000
|
State of California, CA, GO 7.30%, 10/01/2039
|
$179,639
|
|
|
Development - 0.1%
|
||
295,000
|
New York Transportation Dev Corp., NY, Rev
4.25%, 09/01/2035
|
288,085
|
|
|
General - 0.2%
|
||
112,382
|
Commonwealth of Massachusetts, MA, Rev
4.11%, 07/15/2031
|
111,577
|
|
|
County of Riverside, CA, Rev
|
|
|
55,000
|
2.96%, 02/15/2027
|
53,927
|
|
55,000
|
3.07%, 02/15/2028
|
53,483
|
|
65,000
|
Dist of Columbia, DC, Rev 3.43%, 04/01/2042
|
46,525
|
|
230,000
|
State Board of Administration Finance Corp., FL,
Rev 1.26%, 07/01/2025
|
228,720
|
|
|
|
|
494,232
|
|
Higher Education - 0.0%
|
||
50,000
|
Dist of Columbia, DC, Rev 5.75%, 04/01/2035
|
51,698
|
|
|
Marshall University, WV, Rev, (AGM)
|
|
|
10,000
|
2.91%, 05/01/2026
|
9,861
|
|
10,000
|
3.63%, 05/01/2034
|
8,998
|
|
|
|
|
70,557
|
|
Transportation - 0.0%
|
||
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
15,000
|
4.75%, 11/15/2045
|
14,771
|
|
5,000
|
5.18%, 11/15/2049
|
4,376
|
|
70,000
|
6.81%, 11/15/2040
|
76,014
|
|
|
|
|
95,161
|
|
Total Municipal Bonds
(cost $1,238,256)
|
|
$1,127,674
|
U.S. GOVERNMENT AGENCIES - 30.5%
|
|||
|
Mortgage-Backed Agencies - 30.5%
|
||
|
Federal Home Loan Mortgage Corp. - 5.0%
|
||
225,928
|
0.96%, 11/25/2030(2)(3)
|
$8,837
|
|
3,960
|
1.13%, 12/15/2027
|
3,846
|
|
1,401,399
|
1.21%, 06/25/2030(2)(3)
|
66,721
|
|
95,589
|
1.23%, 01/25/2030(2)(3)
|
4,133
|
|
4,924
|
1.25%, 12/15/2027
|
4,779
|
|
1,527,062
|
1.48%, 06/25/2030(2)(3)
|
87,094
|
|
408,475
|
1.50%, 12/25/2050
|
326,855
|
|
1,087,369
|
1.53%, 05/25/2030(2)(3)
|
64,428
|
|
1,217,073
|
1.68%, 05/25/2030(2)(3)
|
78,833
|
|
164,146
|
1.76%, 04/25/2030(2)(3)
|
10,624
|
|
377,238
|
2.00%, 07/25/2050
|
332,128
|
|
201,205
|
2.00%, 10/01/2051
|
160,989
|
|
2,084,413
|
2.00%, 12/01/2051
|
1,660,603
|
|
3,182,541
|
2.00%, 01/01/2052
|
2,531,549
|
|
16,444
|
2.50%, 12/15/2042
|
15,126
|
|
910,943
|
2.50%, 09/01/2051
|
757,969
|
|
1,497,062
|
4.50%, 08/01/2052
|
1,434,281
|
|
1,796,197
|
5.00%, 11/01/2052
|
1,768,192
|
|
4,159,186
|
5.50%, 05/01/2054
|
4,151,878
|
|
91,970
|
6.20%, 11/25/2043, 30 day USD SOFR
Average + 1.85%(1)(4)
|
92,744
|
|
270,000
|
7.70%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(4)
|
279,787
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 30.5% - (continued)
|
|||
|
Mortgage-Backed Agencies - 30.5% - (continued)
|
||
|
Federal Home Loan Mortgage Corp. - 5.0% - (continued)
|
||
$ 380,000
|
7.90%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(4)
|
$396,371
|
|
165,000
|
8.35%, 07/25/2042, 30 day USD SOFR
Average + 4.00%(1)(4)
|
173,640
|
|
540,000
|
9.35%, 03/25/2052, 30 day USD SOFR
Average + 5.00%(1)(4)
|
581,795
|
|
|
|
|
14,993,202
|
|
Federal National Mortgage Association - 7.1%
|
||
20,693
|
1.25%, 02/25/2028
|
20,052
|
|
4,281
|
1.50%, 09/25/2027
|
4,169
|
|
129,987
|
2.00%, 10/01/2051
|
103,752
|
|
459,431
|
2.00%, 11/01/2051
|
364,597
|
|
5,241,695
|
2.00%, 04/01/2052
|
4,166,476
|
|
884,483
|
2.50%, 02/01/2052
|
735,595
|
|
1,161,029
|
2.50%, 05/01/2052
|
966,171
|
|
905,004
|
2.50%, 06/01/2052
|
755,592
|
|
875,278
|
2.50%, 07/01/2052
|
727,939
|
|
733,630
|
2.50%, 08/01/2052
|
610,283
|
|
282,000
|
3.00%, 12/25/2045
|
248,383
|
|
313,311
|
3.00%, 10/25/2046
|
280,744
|
|
313,000
|
3.00%, 03/25/2047
|
271,036
|
|
170,889
|
3.00%, 03/01/2050
|
149,819
|
|
1,723,645
|
3.00%, 11/01/2051
|
1,506,744
|
|
448,894
|
3.50%, 08/01/2043
|
417,549
|
|
735,000
|
4.50%, 12/25/2041
|
709,320
|
|
2,760,345
|
4.50%, 12/01/2052
|
2,644,683
|
|
2,171,094
|
5.50%, 06/01/2053
|
2,170,299
|
|
4,558,267
|
5.50%, 04/01/2054
|
4,550,258
|
|
|
|
|
21,403,461
|
|
Government National Mortgage Association - 7.1%
|
||
2,048,774
|
2.00%, 12/20/2050
|
1,671,778
|
|
2,250,000
|
2.00%, 05/20/2054(9)
|
1,835,135
|
|
1,862,988
|
2.50%, 03/20/2051
|
1,588,484
|
|
1,143,044
|
2.50%, 07/20/2051
|
974,313
|
|
2,779,758
|
2.50%, 09/20/2051
|
2,369,411
|
|
1,746,336
|
3.00%, 04/20/2051
|
1,547,980
|
|
379,182
|
3.00%, 05/20/2051
|
335,978
|
|
1,914,203
|
3.00%, 10/20/2051
|
1,695,535
|
|
2,877,803
|
3.50%, 08/20/2052
|
2,619,575
|
|
1,650,000
|
4.00%, 05/20/2055(9)
|
1,535,564
|
|
1,100,000
|
5.00%, 05/20/2054(9)
|
1,078,933
|
|
4,285,948
|
5.00%, 09/20/2054
|
4,207,006
|
|
|
|
|
21,459,692
|
|
Uniform Mortgage-Backed Security - 11.3%
|
||
1,200,000
|
1.50%, 05/01/2039(9)
|
1,058,936
|
|
300,000
|
1.50%, 05/01/2055(9)
|
225,888
|
|
1,300,000
|
2.50%, 05/01/2039(9)
|
1,207,696
|
|
4,263,000
|
2.50%, 05/01/2054(9)
|
3,543,281
|
|
750,000
|
3.00%, 03/01/2037(9)
|
712,002
|
|
1,850,000
|
3.50%, 03/01/2052(9)
|
1,669,417
|
|
3,450,000
|
4.00%, 06/01/2052(9)
|
3,214,862
|
|
17,700,000
|
5.50%, 05/01/2054(9)
|
17,661,789
|
|
4,450,000
|
6.00%, 05/01/2054(9)
|
4,514,130
|
|
|
|
|
33,808,001
|
|
Total U.S. Government Agencies
(cost $93,188,673)
|
|
$91,664,356
|
U.S. GOVERNMENT SECURITIES - 39.1%
|
|||
|
U.S. Treasury Securities - 39.1%
|
||
|
U.S. Treasury Bonds - 9.1%
|
||
1,570,000
|
1.25%, 05/15/2050
|
$763,719
|
|
1,010,000
|
1.38%, 08/15/2050
|
503,698
|
|
2,455,000
|
1.63%, 11/15/2050
|
1,308,726
|
|
13
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT SECURITIES - 39.1% - (continued)
|
|||
|
U.S. Treasury Securities - 39.1% - (continued)
|
||
|
U.S. Treasury Bonds - 9.1% - (continued)
|
||
$ 630,000
|
2.00%, 02/15/2050
|
$374,112
|
|
1,248,000
|
2.38%, 11/15/2049
|
810,859
|
|
1,105,000
|
2.50%, 02/15/2045
|
785,543
|
|
1,935,000
|
2.88%, 05/15/2052
|
1,378,536
|
|
7,170,000
|
3.00%, 02/15/2047
|
5,436,877
|
|
1,525,000
|
3.00%, 02/15/2048
|
1,144,703
|
|
6,105,000
|
3.00%, 08/15/2052
|
4,463,327
|
|
1,080,000
|
3.13%, 05/15/2048
|
828,014
|
|
1,780,000
|
3.38%, 08/15/2042
|
1,508,480
|
|
1,500,000
|
3.38%, 11/15/2048
|
1,198,184
|
|
1,825,000
|
3.63%, 08/15/2043
|
1,585,184
|
|
1,840,000
|
3.63%, 02/15/2044
|
1,591,384
|
|
1,464,000
|
3.75%, 11/15/2043
|
1,292,380
|
|
600,000
|
4.13%, 08/15/2044
|
556,125
|
|
1,305,000
|
4.50%, 02/15/2044
|
1,275,179
|
|
600,000
|
4.50%, 11/15/2054
|
580,781
|
|
|
|
|
27,385,811
|
|
U.S. Treasury Inflation-Indexed Bonds - 1.5%
|
||
769,370
|
0.25%, 02/15/2050(10)
|
449,245
|
|
41,630
|
0.63%, 02/15/2043(10)
|
31,134
|
|
2,244,937
|
0.75%, 02/15/2042(10)
|
1,753,301
|
|
934,826
|
0.75%, 02/15/2045(10)
|
686,862
|
|
417,399
|
1.00%, 02/15/2046(10)
|
317,870
|
|
1,553,701
|
1.38%, 02/15/2044(10)
|
1,313,453
|
|
|
|
|
4,551,865
|
|
U.S. Treasury Inflation-Indexed Notes - 0.5%
|
||
1,629,472
|
1.75%, 01/15/2034(10)
|
1,613,581
|
|
|
U.S. Treasury Notes - 28.0%
|
||
9,493,000
|
0.38%, 09/30/2027
|
8,792,150
|
|
3,850,000
|
0.63%, 05/15/2030
|
3,303,781
|
|
3,335,000
|
1.88%, 02/28/2029
|
3,125,260
|
|
4,565,000
|
2.75%, 08/15/2032
|
4,215,670
|
|
10,735,000
|
2.88%, 05/15/2028(11)(12)
|
10,511,913
|
|
1,835,000
|
2.88%, 05/15/2032
|
1,714,650
|
|
8,608,000
|
3.50%, 09/30/2026
|
8,579,419
|
|
4,785,000
|
3.75%, 06/30/2030
|
4,785,000
|
|
4,235,000
|
3.75%, 12/31/2030
|
4,221,104
|
|
950,000
|
4.13%, 11/30/2029
|
967,256
|
|
6,350,000
|
4.25%, 03/15/2027
|
6,420,197
|
|
400,000
|
4.25%, 01/31/2030
|
409,328
|
|
7,740,000
|
4.25%, 11/15/2034
|
7,799,259
|
|
5,000,000
|
4.38%, 01/31/2032
|
5,133,203
|
|
5,136,000
|
4.38%, 05/15/2034
|
5,234,306
|
|
8,325,000
|
4.50%, 03/31/2026
|
8,366,755
|
|
645,000
|
4.50%, 11/15/2033
|
664,804
|
|
|
|
|
84,244,055
|
|
Total U.S. Government Securities
(cost $126,934,506)
|
|
$117,795,312
|
|
Total Long-Term Investments
(cost $344,216,785)
|
|
$330,306,430
|
Shares or Principal Amount
|
|
Market Value†
|
|
SHORT-TERM INVESTMENTS - 0.5%
|
|||
|
Repurchase Agreements - 0.5%
|
||
$ 1,644,473
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at 4.37%, due
on 05/01/2025 with a maturity value of
$1,644,673; collateralized by U.S. Treasury
Note at 4.38%, maturing 07/31/2026, with a
market value of $1,677,463
|
$1,644,473
|
|
|
Total Short-Term Investments
(cost $1,644,473)
|
$1,644,473
|
|
|
Total Investments
(cost $345,861,258)
|
110.2
%
|
$331,950,903
|
|
Other Assets and Liabilities
|
(10.2
)%
|
(30,848,605
)
|
|
Net Assets
|
100.0
%
|
$301,102,298
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of these securities was
$59,103,634, representing 19.6% of net assets.
|
(2)
|
Securities disclosed are interest-only strips.
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
(4)
|
Variable rate securities; the rate reported is the coupon rate in effect at April
30,
2025. 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)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was $298,092
at April 30, 2025.
|
(7)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
April 30, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
(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 April 30, 2025, the aggregate value
of these securities was $933,792, 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.
|
|
14
|
|
(11)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of April 30, 2025, the market value of
securities pledged was $705,038.
|
(12)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of April 30, 2025, the market value of securities pledged was
$137,091.
|
Futures Contracts Outstanding at April 30, 2025
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Long position contracts:
|
||||
U.S. Treasury 2-Year Note Future
|
9
|
06/30/2025
|
$1,873,336
|
$3,504
|
U.S. Treasury 5-Year Note Future
|
82
|
06/30/2025
|
8,954,016
|
13,929
|
U.S. Treasury Long Bond Future
|
17
|
06/18/2025
|
1,982,625
|
(39,463
)
|
U.S. Treasury Ultra Bond Future
|
14
|
06/18/2025
|
1,694,437
|
9,320
|
Total
|
|
|
|
$(12,710
)
|
Short position contracts:
|
||||
U.S. Treasury 10-Year Note Future
|
(2)
|
06/18/2025
|
$(224,438
)
|
$(5,534
)
|
U.S. Treasury 10-Year Ultra Future
|
(65)
|
06/18/2025
|
(7,457,734
)
|
(131,358
)
|
Total
|
|
|
|
$(136,892
)
|
Total futures contracts
|
$(149,602
)
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at April 30, 2025
|
|||||||||
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)
|
|
4.16% Fixed
|
12 Mo. USD SOFR
|
USD
|
4,060,000
|
03/19/2045
|
Annual
|
$—
|
$(7,734
)
|
$(152,956
)
|
$(145,222
)
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
1,330,000
|
03/15/2053
|
Annual
|
2,903
|
—
|
200,152
|
197,249
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
380,000
|
03/15/2053
|
Annual
|
4,144
|
—
|
63,066
|
58,922
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
495,000
|
06/21/2053
|
Annual
|
—
|
(5,057
)
|
56,306
|
61,363
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
570,000
|
09/20/2053
|
Annual
|
2,318
|
—
|
27,263
|
24,945
|
Total centrally cleared interest rate swaps contracts
|
$9,365
|
$(12,791
)
|
$193,831
|
$197,257
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$51,903,273
|
$—
|
$51,903,273
|
$—
|
Corporate Bonds
|
63,533,515
|
—
|
63,533,515
|
—
|
Foreign Government Obligations
|
4,282,300
|
—
|
4,282,300
|
—
|
Municipal Bonds
|
1,127,674
|
—
|
1,127,674
|
—
|
U.S. Government Agencies
|
91,664,356
|
—
|
91,664,356
|
—
|
U.S. Government Securities
|
117,795,312
|
—
|
117,795,312
|
—
|
Short-Term Investments
|
1,644,473
|
—
|
1,644,473
|
—
|
Futures Contracts(2)
|
26,753
|
26,753
|
—
|
—
|
Swaps - Interest Rate(2)
|
342,479
|
—
|
342,479
|
—
|
Total
|
$332,320,135
|
$26,753
|
$332,293,382
|
$—
|
Liabilities
|
|
|
|
|
Futures Contracts(2)
|
$(176,355
)
|
$(176,355
)
|
$—
|
$—
|
Swaps - Interest Rate(2)
|
(145,222
)
|
—
|
(145,222
)
|
—
|
Total
|
$(321,577
)
|
$(176,355
)
|
$(145,222
)
|
$—
|
(1)
|
For the period ended April 30, 2025, 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.
|
|
15
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 99.5%
|
|||
|
Automobiles & Components - 0.9%
|
||
4,242
|
Tesla, Inc.*
|
$1,196,923
|
|
|
Capital Goods - 0.9%
|
||
3,182
|
GE Vernova, Inc.
|
1,179,949
|
|
|
Consumer Discretionary Distribution & Retail - 9.9%
|
||
60,656
|
Amazon.com, Inc.*
|
11,186,180
|
|
4,555
|
Dick's Sporting Goods, Inc.
|
855,156
|
|
2,856
|
Home Depot, Inc.
|
1,029,559
|
|
|
|
|
13,070,895
|
|
Consumer Durables & Apparel - 0.8%
|
||
22,834
|
On Holding AG Class A*
|
1,098,544
|
|
|
Consumer Services - 1.2%
|
||
48,807
|
DraftKings, Inc. Class A*
|
1,624,785
|
|
|
Consumer Staples Distribution & Retail - 0.6%
|
||
1,684
|
Casey's General Stores, Inc.
|
779,002
|
|
|
Energy - 0.9%
|
||
7,252
|
Targa Resources Corp.
|
1,239,367
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.1%
|
||
5,322
|
American Tower Corp. REIT
|
1,199,632
|
|
1,334
|
AvalonBay Communities, Inc. REIT
|
280,113
|
|
|
|
|
1,479,745
|
|
Financial Services - 8.3%
|
||
5,440
|
Berkshire Hathaway, Inc. Class B*
|
2,900,880
|
|
4,661
|
CME Group, Inc.
|
1,291,470
|
|
1,560
|
Interactive Brokers Group, Inc. Class A
|
268,086
|
|
14,404
|
KKR & Co., Inc.
|
1,645,945
|
|
12,529
|
Tradeweb Markets, Inc. Class A
|
1,732,761
|
|
9,091
|
Visa, Inc. Class A
|
3,140,940
|
|
|
|
|
10,980,082
|
|
Health Care Equipment & Services - 2.2%
|
||
21,936
|
Boston Scientific Corp.*
|
2,256,556
|
|
1,194
|
Intuitive Surgical, Inc.*
|
615,865
|
|
|
|
|
2,872,421
|
|
Household & Personal Products - 0.7%
|
||
11,795
|
BellRing Brands, Inc.*
|
909,866
|
|
|
Media & Entertainment - 16.6%
|
||
36,292
|
Alphabet, Inc. Class A
|
5,763,169
|
|
20,919
|
Liberty Media Corp.-Liberty Formula One Class C*
|
1,854,888
|
|
12,066
|
Live Nation Entertainment, Inc.*
|
1,598,142
|
|
6,708
|
Meta Platforms, Inc. Class A
|
3,682,692
|
|
5,294
|
Netflix, Inc.*
|
5,991,326
|
|
4,987
|
Spotify Technology SA*
|
3,061,918
|
|
|
|
|
21,952,135
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 8.1%
|
||
7,342
|
Eli Lilly & Co.
|
6,600,091
|
|
23,521
|
Exact Sciences Corp.*
|
1,073,498
|
|
2,532
|
Gilead Sciences, Inc.
|
269,759
|
|
11,550
|
Natera, Inc.*
|
1,743,242
|
|
2,067
|
Vertex Pharmaceuticals, Inc.*
|
1,053,137
|
|
|
|
|
10,739,727
|
|
Real Estate Management & Development - 0.8%
|
||
15,561
|
Zillow Group, Inc. Class C*
|
1,047,722
|
|
|
Semiconductors & Semiconductor Equipment - 17.5%
|
||
7,529
|
ARM Holdings PLC ADR*
|
858,683
|
|
32,245
|
Broadcom, Inc.
|
6,206,195
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 99.5% - (continued)
|
|||
|
Semiconductors & Semiconductor Equipment - 17.5% - (continued)
|
||
14,866
|
Marvell Technology, Inc.
|
$867,728
|
|
138,821
|
NVIDIA Corp.
|
15,120,383
|
|
|
|
|
23,052,989
|
|
Software & Services - 14.1%
|
||
2,220
|
AppLovin Corp. Class A*
|
597,868
|
|
10,838
|
Docusign, Inc.*
|
886,006
|
|
7,426
|
GoDaddy, Inc. Class A*
|
1,398,539
|
|
32,361
|
Microsoft Corp.
|
12,791,009
|
|
3,829
|
Salesforce, Inc.
|
1,028,891
|
|
1,934
|
ServiceNow, Inc.*
|
1,846,989
|
|
|
|
|
18,549,302
|
|
Technology Hardware & Equipment - 12.3%
|
||
64,557
|
Apple, Inc.
|
13,718,363
|
|
22,907
|
Arista Networks, Inc.*
|
1,884,559
|
|
19,636
|
Flex Ltd.*
|
674,300
|
|
|
|
|
16,277,222
|
|
Telecommunication Services - 1.6%
|
||
8,693
|
T-Mobile U.S., Inc.
|
2,146,736
|
|
|
Transportation - 0.2%
|
||
3,323
|
Uber Technologies, Inc.*
|
269,196
|
|
|
Utilities - 0.8%
|
||
19,602
|
Dominion Energy, Inc.
|
1,065,957
|
|
|
Total Common Stocks
(cost $108,326,596)
|
|
$131,532,565
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
Repurchase Agreements - 0.1%
|
||
$ 131,249
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at 4.37%, due on
05/01/2025 with a maturity value of $131,265;
collateralized by U.S. Treasury Note at 4.38%,
maturing 07/31/2026, with a market value of
$134,016
|
$131,249
|
|
|
Total Short-Term Investments
(cost $131,249)
|
$131,249
|
|
|
Total Investments
(cost $108,457,845)
|
99.6
%
|
$131,663,814
|
|
Other Assets and Liabilities
|
0.4
%
|
472,865
|
|
Net Assets
|
100.0
%
|
$132,136,679
|
*
|
Non-income producing.
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
16
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Common Stocks
|
$131,532,565
|
$131,532,565
|
$—
|
$—
|
Short-Term Investments
|
131,249
|
—
|
131,249
|
—
|
Total
|
$131,663,814
|
$131,532,565
|
$131,249
|
$—
|
(1)
|
For the period ended April 30, 2025, there were no transfers in and out of Level 3.
|
|
17
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8%
|
|||
|
Alabama - 3.5%
|
||
$ 2,000,000
|
Alabama Housing Finance Auth, AL, Rev,
(FHLMC), (FNMA), (GNMA) 6.00%, 04/01/2055
|
$2,168,500
|
|
|
Black Belt Energy Gas Dist, AL, Rev
|
|
|
1,200,000
|
5.00%, 10/01/2055(1)
|
1,247,907
|
|
2,000,000
|
5.25%, 12/01/2027
|
2,065,952
|
|
1,825,000
|
5.25%, 02/01/2053(1)
|
1,907,713
|
|
330,000
|
5.25%, 12/01/2053(1)
|
349,981
|
|
2,855,000
|
5.25%, 05/01/2055(1)
|
3,025,837
|
|
2,335,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.50%, 11/01/2053(1)
|
2,501,572
|
|
100,000
|
Jefferson County Board of Education, AL, Special
Tax 5.00%, 02/01/2042
|
101,435
|
|
2,000,000
|
Lower Alabama Gas Dist, AL, Rev 5.00%,
09/01/2028
|
2,067,077
|
|
2,600,000
|
Southeast Alabama Gas Supply Dist, AL, Rev
5.00%, 08/01/2054(1)
|
2,716,200
|
|
415,000
|
Southeast Energy Auth A Cooperative Dist, AL,
Rev 5.50%, 01/01/2053(1)
|
439,913
|
|
|
|
|
18,592,087
|
|
Alaska - 0.6%
|
||
1,225,000
|
Northern Tobacco Securitization Corp., AK, Rev
4.00%, 06/01/2039
|
1,156,426
|
|
|
State of Alaska International Airports System, AK,
Rev
|
|
|
530,000
|
5.00%, 10/01/2032(2)
|
578,574
|
|
1,215,000
|
5.00%, 10/01/2034(2)
|
1,321,493
|
|
|
|
|
3,056,493
|
|
Arizona - 0.5%
|
||
|
Arizona Industrial Dev Auth, AZ, Rev,
|
|
|
665,000
|
(FHLMC), (FNMA), (GNMA) 4.05%,
10/01/2031(2)
|
670,933
|
|
270,000
|
(FHLMC), (FNMA), (GNMA) 4.15%,
10/01/2032(2)
|
272,639
|
|
280,000
|
(FHLMC), (FNMA), (GNMA) 4.25%,
10/01/2033(2)
|
282,962
|
|
500,000
|
City of Phoenix Civic Improvement Corp., AZ, Rev
5.00%, 07/01/2037
|
505,022
|
|
|
Maricopa County Industrial Dev Auth, AZ, Rev
|
|
|
230,000
|
4.00%, 10/15/2047(3)
|
191,906
|
|
195,000
|
5.00%, 09/01/2031
|
203,058
|
|
730,000
|
5.00%, 12/01/2038
|
775,269
|
|
|
|
|
2,901,789
|
|
California - 7.8%
|
||
795,000
|
Bay Area Toll Auth, CA, Rev 3.92%, 04/01/2056,
SIFMA Municipal Swap Index + 0.30%(4)
|
774,652
|
|
|
California Community Choice Financing Auth, CA,
Rev
|
|
|
755,000
|
5.00%, 12/01/2053(1)
|
784,502
|
|
6,000,000
|
5.00%, 02/01/2055(1)
|
6,312,622
|
|
2,115,000
|
5.00%, 01/01/2056(1)
|
2,262,680
|
|
3,375,000
|
5.50%, 05/01/2054(1)
|
3,546,644
|
|
205,000
|
California Enterprise Dev Auth, CA, Rev 5.00%,
08/01/2045
|
206,530
|
|
|
California Municipal Finance Auth, CA, Rev,
|
|
|
180,000
|
(BAM) 4.00%, 05/15/2034
|
182,029
|
|
600,000
|
(BAM) 4.00%, 05/15/2037
|
598,858
|
|
2,250,000
|
5.00%, 06/30/2027
|
2,296,280
|
|
835,000
|
California State University, CA, Rev 0.55%,
11/01/2049(1)
|
793,884
|
|
185,000
|
Cathedral City Redev Agency Successor Agency,
CA, Tax Allocation, (BAM) 4.00%, 08/01/2032
|
185,783
|
|
|
City of Fontana, CA, Special Tax
|
|
|
500,000
|
4.00%, 09/01/2041
|
466,854
|
|
450,000
|
4.00%, 09/01/2046
|
404,572
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
California - 7.8% - (continued)
|
||
$ 525,000
|
4.00%, 09/01/2051
|
$453,664
|
|
|
City of Los Angeles Department of Airports, CA,
Rev
|
|
|
800,000
|
4.00%, 05/15/2036
|
783,758
|
|
865,000
|
5.00%, 05/15/2037
|
903,805
|
|
2,625,000
|
5.25%, 05/15/2040
|
2,814,951
|
|
2,235,000
|
Foothill-Eastern Transportation Corridor Agency,
CA, Rev 5.80%, 01/15/2026(5)
|
2,273,787
|
|
150,000
|
Fresno Unified School Dist, CA, GO 0.00%,
08/01/2032(6)
|
113,948
|
|
5,670,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 0.00%, 06/01/2066(6)
|
607,771
|
|
605,000
|
Los Angeles Unified School Dist, CA, GO 5.00%,
07/01/2033
|
682,252
|
|
595,000
|
Regents of the University of California Medical
Center Pooled, CA, Rev 5.00%, 05/15/2036
|
642,022
|
|
100,000
|
Romoland School Dist, CA, Special Tax 5.00%,
09/01/2043
|
101,118
|
|
475,000
|
San Diego County Regional Airport Auth, CA, Rev
5.25%, 07/01/2036
|
515,531
|
|
|
San Francisco City & County Airport, Comm-San
Francisco International Airport, CA, Rev
|
|
|
345,000
|
4.00%, 05/01/2039
|
327,630
|
|
3,675,000
|
5.00%, 05/01/2034
|
3,916,517
|
|
265,000
|
5.00%, 05/01/2050
|
263,847
|
|
|
San Joaquin Hills Transportation Corridor Agency,
CA, Rev,
|
|
|
80,000
|
(NPFG) 0.00%, 01/15/2026(6)
|
77,960
|
|
235,000
|
(NPFG) 0.00%, 01/15/2032(6)
|
180,163
|
|
70,000
|
(NPFG) 0.00%, 01/15/2035(6)
|
46,692
|
|
1,250,000
|
4.00%, 01/15/2034
|
1,264,823
|
|
|
State of California, CA, GO
|
|
|
1,500,000
|
1.80%, 05/01/2040(1)
|
1,500,000
|
|
1,875,000
|
5.00%, 08/01/2033
|
2,111,641
|
|
860,000
|
5.00%, 03/01/2035
|
979,820
|
|
1,535,000
|
5.00%, 09/01/2036
|
1,703,842
|
|
|
|
|
41,081,432
|
|
Colorado - 3.7%
|
||
|
Baseline Metropolitan Dist No. 1, CO, GO,
|
|
|
375,000
|
(AGC) 5.00%, 12/01/2030
|
401,679
|
|
635,000
|
(AGC) 5.00%, 12/01/2032
|
685,481
|
|
1,970,000
|
City & County of Denver Airport System, CO, Rev
5.50%, 11/15/2032
|
2,213,399
|
|
|
City of Colorado Springs Utilities System, CO, Rev
|
|
|
160,000
|
5.00%, 11/15/2044
|
168,805
|
|
400,000
|
5.00%, 11/15/2049
|
416,380
|
|
1,000,000
|
Colorado Bridge & Tunnel Enterprise, CO, Rev,
(AGM) 5.50%, 12/01/2054
|
1,063,741
|
|
|
Colorado Health Facs Auth, CO, Rev
|
|
|
105,000
|
4.00%, 12/01/2040
|
97,057
|
|
1,580,000
|
5.00%, 12/01/2034
|
1,708,843
|
|
1,000,000
|
5.00%, 12/01/2035
|
1,074,874
|
|
500,000
|
5.00%, 05/15/2036
|
537,911
|
|
345,000
|
5.00%, 05/15/2037
|
369,156
|
|
|
Denver City & County School Dist No. 1, CO, GO,
|
|
|
2,000,000
|
(ST AID WITHHLDG) 5.00%, 12/01/2025
|
2,021,411
|
|
1,500,000
|
(ST AID WITHHLDG) 5.00%, 12/01/2026
|
1,547,791
|
|
160,000
|
Denver Convention Center Hotel Auth, CO, Rev
5.00%, 12/01/2031
|
160,176
|
|
1,000,000
|
E-470 Public Highway Auth, CO, Rev 3.67%,
09/01/2039, 1 mo. USD SOFR + 0.75%(4)
|
989,494
|
|
1,030,000
|
Park Creek Metropolitan Dist, CO, Rev 5.00%,
12/01/2029
|
1,072,938
|
|
300,000
|
Public Auth for Colorado Energy, CO, Rev 6.50%,
11/15/2038
|
350,205
|
|
18
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Colorado - 3.7% - (continued)
|
||
$ 2,100,000
|
Regional Transportation Dist, CO, COP 5.00%,
06/01/2033
|
$2,335,113
|
|
|
Regional Transportation Dist, CO, Rev
|
|
|
500,000
|
4.00%, 07/15/2039
|
474,607
|
|
400,000
|
5.00%, 07/15/2029
|
418,376
|
|
500,000
|
5.00%, 01/15/2030
|
524,803
|
|
100,000
|
5.00%, 07/15/2032
|
105,276
|
|
715,000
|
University of Colorado Hospital Auth, CO, Rev
5.00%, 11/15/2029
|
766,712
|
|
195,000
|
University of Colorado, CO, Rev 2.00%,
06/01/2051(1)
|
193,234
|
|
|
|
|
19,697,462
|
|
Connecticut - 1.0%
|
||
100,000
|
City of Bridgeport, CT, GO, (BAM) 5.00%,
07/15/2034
|
103,896
|
|
270,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%, 05/15/2042
|
270,954
|
|
1,000,000
|
Connecticut State Health & Educational Facs Auth,
CT, Rev 2.95%, 07/01/2049(1)
|
993,768
|
|
3,000,000
|
Stamford Housing Auth, CT, Rev 4.25%,
10/01/2030
|
2,979,605
|
|
845,000
|
State of Connecticut, CT, GO 3.00%, 06/01/2038
|
721,469
|
|
|
|
|
5,069,692
|
|
District of Columbia - 0.2%
|
||
|
Dist of Columbia, DC, Rev
|
|
|
250,000
|
5.00%, 07/01/2037
|
249,409
|
|
455,000
|
5.00%, 07/01/2042
|
432,559
|
|
500,000
|
Metropolitan Washington Airports Auth, Aviation,
DC, Rev 5.00%, 10/01/2035
|
525,818
|
|
|
|
|
1,207,786
|
|
Florida - 1.8%
|
||
500,000
|
Alachua County School Board, FL, COP, (AGM)
5.00%, 07/01/2028
|
527,311
|
|
185,000
|
Capital Projects Finance Auth, FL, Rev 5.00%,
10/01/2027
|
189,595
|
|
500,000
|
Capital Trust Auth, FL, Rev 5.00%, 07/01/2045(3)
|
467,265
|
|
125,000
|
City of Atlantic Beach, FL, Rev 5.00%, 11/15/2043
|
117,560
|
|
270,000
|
County of Broward Airport System, FL, Rev 4.00%,
10/01/2044
|
241,626
|
|
|
County of Miami-Dade Seaport Department, FL,
Rev
|
|
|
1,085,000
|
5.00%, 10/01/2035
|
1,121,372
|
|
200,000
|
5.00%, 10/01/2036
|
205,588
|
|
445,000
|
Escambia County Health Facs Auth, FL, Rev
4.00%, 08/15/2045
|
389,675
|
|
1,650,000
|
Greater Orlando Aviation Auth, FL, Rev 5.00%,
10/01/2036
|
1,748,302
|
|
160,000
|
Lee County Industrial Dev Auth, FL, Rev 4.13%,
11/15/2029
|
158,838
|
|
500,000
|
Middleton Community Dev Dist A, FL, Special
Assessment 4.75%, 05/01/2055
|
466,208
|
|
250,000
|
Orange County Health Facs Auth, FL, Rev 5.00%,
10/01/2041
|
263,564
|
|
950,000
|
Orlando Utilities Commission, FL, Rev 1.25%,
10/01/2046(1)
|
850,150
|
|
|
Polk County Industrial Dev Auth, FL, Rev
|
|
|
395,000
|
5.00%, 01/01/2029
|
398,428
|
|
190,000
|
5.00%, 01/01/2055
|
168,785
|
|
445,000
|
St. Johns County Industrial Dev Auth, FL, Rev
4.00%, 12/15/2046
|
340,296
|
|
155,000
|
Village Community Dev Dist No. 13, FL, Special
Assessment 2.55%, 05/01/2031
|
140,140
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Florida - 1.8% - (continued)
|
||
$ 1,195,000
|
Village Community Dev Dist No. 14, FL, Special
Assessment 5.13%, 05/01/2037
|
$1,227,607
|
|
500,000
|
Village Community Dev Dist No. 15, FL, Special
Assessment 4.80%, 05/01/2055(3)
|
472,887
|
|
|
|
|
9,495,197
|
|
Georgia - 2.9%
|
||
1,350,000
|
Bartow County Dev Auth, GA, Rev 3.95%,
12/01/2032(1)
|
1,367,080
|
|
200,000
|
City of Atlanta Department of Aviation, GA, Rev
5.00%, 07/01/2033
|
223,254
|
|
285,000
|
Dev Auth of Monroe County, GA, Rev 3.88%,
10/01/2048(1)
|
285,522
|
|
215,000
|
Georgia Housing & Finance Auth, GA, Rev 5.00%,
12/01/2042
|
221,611
|
|
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
2,950,000
|
4.00%, 05/01/2052(1)
|
2,937,512
|
|
1,760,000
|
5.00%, 07/01/2053(1)
|
1,834,399
|
|
475,000
|
5.00%, 09/01/2053(1)
|
496,625
|
|
1,225,000
|
5.00%, 12/01/2053(1)
|
1,284,518
|
|
275,000
|
5.00%, 04/01/2054(1)
|
288,807
|
|
2,380,000
|
5.00%, 05/01/2054(1)
|
2,502,731
|
|
1,000,000
|
5.00%, 06/01/2055(1)
|
1,055,616
|
|
1,200,000
|
5.50%, 09/15/2025
|
1,206,439
|
|
|
Municipal Electric Auth of Georgia, GA, Rev,
|
|
|
1,000,000
|
(AGM) 5.00%, 07/01/2048
|
1,027,181
|
|
520,000
|
5.00%, 07/01/2052
|
526,605
|
|
|
|
|
15,257,900
|
|
Hawaii - 0.2%
|
||
|
State of Hawaii Airports System, HI, Rev
|
|
|
100,000
|
5.00%, 07/01/2031
|
103,020
|
|
780,000
|
5.00%, 07/01/2040
|
811,987
|
|
300,000
|
5.00%, 07/01/2041
|
311,322
|
|
|
|
|
1,226,329
|
|
Idaho - 0.2%
|
||
1,045,000
|
Idaho Housing & Finance Association, ID, Rev,
(FHLMC), (FNMA), (GNMA) 5.75%, 01/01/2053
|
1,118,893
|
|
|
Illinois - 9.8%
|
||
|
Chicago Board of Education Dedicated Capital
Improvement Tax, IL, Rev
|
|
|
250,000
|
5.00%, 04/01/2033
|
255,853
|
|
380,000
|
5.25%, 04/01/2035
|
407,579
|
|
250,000
|
5.25%, 04/01/2036
|
266,701
|
|
|
Chicago Board of Education, IL, GO,
|
|
|
110,000
|
(NPFG) 0.00%, 12/01/2026(6)
|
103,147
|
|
500,000
|
5.00%, 12/01/2028
|
511,500
|
|
1,100,000
|
5.00%, 12/01/2032
|
1,121,423
|
|
400,000
|
5.00%, 12/01/2046
|
371,311
|
|
2,500,000
|
5.25%, 12/01/2036
|
2,568,633
|
|
370,000
|
Chicago Midway International Airport, IL, Rev,
(BAM) 5.50%, 01/01/2038
|
403,666
|
|
|
Chicago O'Hare International Airport, IL, Rev
|
|
|
650,000
|
4.50%, 01/01/2048
|
612,448
|
|
200,000
|
(BAM) 5.00%, 01/01/2037
|
216,393
|
|
1,785,000
|
(BAM) 5.00%, 01/01/2038
|
1,917,157
|
|
1,000,000
|
Chicago Park Dist, IL, GO 5.00%, 01/01/2038
|
1,061,001
|
|
|
Chicago Transit Auth Sales Tax Receipts Fund, IL,
Rev
|
|
|
275,000
|
5.00%, 12/01/2045
|
275,002
|
|
1,000,000
|
5.00%, 12/01/2049
|
1,016,049
|
|
|
City of Chicago Wastewater Transmission, IL, Rev,
|
|
|
695,000
|
(BAM) 5.00%, 01/01/2041
|
731,406
|
|
90,000
|
(NPFG) 5.50%, 01/01/2030
|
93,591
|
|
530,000
|
City of Chicago Waterworks, IL, Rev, (AGM)
5.00%, 11/01/2037
|
560,307
|
|
19
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Illinois - 9.8% - (continued)
|
||
$ 500,000
|
City of Chicago, IL, GO, (NPFG) 0.00%,
01/01/2026(6)
|
$488,012
|
|
1,385,000
|
City of Granite City, IL, Rev 1.25%, 05/01/2027(1)
|
1,297,587
|
|
900,000
|
Cook County Community College Dist No. 508, IL,
GO, (BAM) 5.00%, 12/01/2038
|
939,058
|
|
|
Illinois Finance Auth, IL, Rev
|
|
|
640,000
|
4.00%, 07/15/2039
|
610,648
|
|
460,000
|
5.00%, 10/01/2027
|
479,503
|
|
585,000
|
5.00%, 10/01/2028
|
617,447
|
|
235,000
|
5.00%, 08/15/2033
|
249,767
|
|
150,000
|
5.00%, 11/15/2045
|
147,705
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
6,185,000
|
(FHLMC), (FNMA), (GNMA) 2.90%,
02/01/2038(1)
|
6,185,000
|
|
2,745,000
|
(FHLMC), (FNMA), (GNMA) 5.25%, 10/01/2052
|
2,851,449
|
|
840,000
|
(FHLMC), (FNMA), (GNMA) 5.50%, 10/01/2053
|
891,714
|
|
450,000
|
(FHLMC), (FNMA), (GNMA) 5.75%, 10/01/2053
|
476,865
|
|
1,565,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 10/01/2054
|
1,674,842
|
|
810,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 10/01/2055
|
887,774
|
|
320,000
|
Illinois State Toll Highway Auth, IL, Rev 4.00%,
01/01/2040
|
310,343
|
|
625,000
|
Kane County School Dist No. 131 Aurora East
Side, IL, GO, (AGM) 5.00%, 12/01/2025
|
630,537
|
|
100,000
|
Kane McHenry Cook & De Kalb Counties Unit
School Dist No. 300, IL, GO 5.00%, 01/01/2032
|
102,675
|
|
150,000
|
Kendall Kane & Will Counties Community Unit
School Dist No. 308, IL, GO, (AGM) 0.00%,
02/01/2027(6)
|
140,664
|
|
|
Metropolitan Pier & Exposition Auth, IL, Rev,
|
|
|
205,000
|
(NPFG) 0.00%, 12/15/2025(6)
|
199,940
|
|
595,000
|
4.00%, 12/15/2042
|
526,829
|
|
1,055,000
|
Metropolitan Water Reclamation Dist of Greater
Chicago, IL, GO 5.00%, 12/01/2025
|
1,066,255
|
|
|
Rock Island County School Dist No. 41 Rock
Island, IL, GO,
|
|
|
1,000,000
|
(AGC) 5.00%, 01/01/2041
|
1,052,181
|
|
1,000,000
|
(AGC) 5.00%, 01/01/2042
|
1,043,065
|
|
|
Sales Tax Securitization Corp., IL, Rev
|
|
|
785,000
|
4.00%, 01/01/2038
|
776,974
|
|
1,785,000
|
5.00%, 01/01/2026
|
1,804,147
|
|
550,000
|
5.00%, 01/01/2030
|
583,851
|
|
1,500,000
|
5.00%, 01/01/2034
|
1,648,538
|
|
845,000
|
5.00%, 01/01/2037
|
885,498
|
|
|
St. Clair County Community Unit School Dist No.
187 Cahokia, IL, GO,
|
|
|
240,000
|
(AGM) 5.00%, 01/01/2029
|
253,830
|
|
250,000
|
(AGM) 5.00%, 01/01/2030
|
267,620
|
|
250,000
|
(AGM) 5.00%, 01/01/2031
|
270,649
|
|
320,000
|
(AGM) 5.00%, 01/01/2032
|
349,662
|
|
|
State of Illinois Sales Tax, IL, Rev
|
|
|
115,000
|
5.00%, 06/15/2027
|
116,429
|
|
1,000,000
|
5.00%, 06/15/2035
|
1,084,982
|
|
|
State of Illinois, IL, GO
|
|
|
1,010,000
|
5.00%, 11/01/2025
|
1,017,817
|
|
1,645,000
|
5.00%, 05/01/2027
|
1,692,323
|
|
4,750,000
|
5.00%, 12/01/2042
|
4,852,153
|
|
550,000
|
5.50%, 03/01/2042
|
578,067
|
|
100,000
|
Village of Bolingbrook, IL, GO, (AGM) 5.00%,
01/01/2028
|
104,305
|
|
|
|
|
51,649,872
|
|
Indiana - 2.2%
|
||
262,238
|
City of Evansville, IN, Rev, (FNMA) 3.00%,
06/01/2034
|
234,382
|
|
2,550,000
|
City of Whiting, IN, Rev 4.40%, 11/01/2045(1)
|
2,554,548
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Indiana - 2.2% - (continued)
|
||
$ 195,000
|
Crown Point Multi School Building Corp., IN, Rev,
(ST INTERCEPT) 5.00%, 01/15/2029
|
$207,529
|
|
|
Danville Multi-School Building Corp., IN, Rev,
|
|
|
750,000
|
(ST INTERCEPT) 5.00%, 01/15/2034
|
826,791
|
|
440,000
|
(ST INTERCEPT) 5.00%, 07/15/2034
|
486,208
|
|
650,000
|
(ST INTERCEPT) 5.00%, 07/15/2035
|
711,535
|
|
3,000,000
|
Indiana Finance Auth, IN, Rev 5.00%, 10/01/2042
|
3,153,380
|
|
|
Indiana Municipal Power Agency, IN, Rev,
|
|
|
1,000,000
|
(AGC) 5.00%, 01/01/2033
|
1,110,535
|
|
750,000
|
(AGC) 5.00%, 01/01/2034
|
837,909
|
|
|
Northwest Allen School Building Corp., IN, Rev,
|
|
|
1,150,000
|
(ST INTERCEPT) 5.00%, 07/15/2040
|
1,229,327
|
|
115,000
|
(ST INTERCEPT) 5.00%, 07/15/2041
|
122,031
|
|
|
|
|
11,474,175
|
|
Iowa - 0.5%
|
||
575,000
|
Iowa Finance Auth, IA, Rev 5.00%, 02/15/2027
|
588,844
|
|
|
Iowa Student Loan Liquidity Corp., IA, Rev
|
|
|
350,000
|
5.00%, 12/01/2025
|
352,827
|
|
1,415,000
|
5.00%, 12/01/2033
|
1,478,115
|
|
90,000
|
Iowa Tobacco Settlement Auth, IA, Rev 4.00%,
06/01/2049
|
84,801
|
|
|
|
|
2,504,587
|
|
Kentucky - 0.7%
|
||
|
Kentucky Public Energy Auth, KY, Rev
|
|
|
1,250,000
|
5.25%, 04/01/2054(1)
|
1,328,102
|
|
1,250,000
|
5.25%, 06/01/2055(1)
|
1,312,280
|
|
870,000
|
Kentucky State Property & Building Commission,
KY, Rev 5.00%, 11/01/2038
|
942,341
|
|
|
|
|
3,582,723
|
|
Louisiana - 0.7%
|
||
325,000
|
East Baton Rouge Sewerage Commission, LA, Rev
1.30%, 02/01/2041(1)
|
296,863
|
|
|
Louisiana Public Facs Auth, LA, Rev,
|
|
|
515,000
|
(AGC) 5.00%, 08/01/2030
|
559,318
|
|
335,000
|
(AGC) 5.00%, 08/01/2032
|
370,057
|
|
|
New Orleans Aviation Board, LA, Rev
|
|
|
150,000
|
5.00%, 01/01/2029
|
158,696
|
|
200,000
|
5.00%, 01/01/2030
|
213,737
|
|
|
Parish of St. John the Baptist, LA, Rev
|
|
|
305,000
|
2.38%, 06/01/2037(1)
|
299,862
|
|
1,160,000
|
3.30%, 06/01/2037(1)
|
1,140,619
|
|
480,000
|
State of Louisiana Gasoline & Fuels Tax, LA, Rev
3.55%, 05/01/2043, 1 mo. USD SOFR +
0.50%(4)
|
478,377
|
|
|
|
|
3,517,529
|
|
Maine - 0.0%
|
||
275,000
|
Maine Health & Higher Educational Facs Auth, ME,
Rev, (AGM), (ST INTERCEPT) 4.00%,
07/01/2035
|
272,294
|
|
|
Maryland - 0.6%
|
||
475,000
|
Maryland Health & Higher Educational Facs Auth,
MD, Rev 5.00%, 07/01/2049
|
488,633
|
|
2,500,000
|
State of Maryland, MD, GO 5.00%, 06/01/2039
|
2,751,725
|
|
|
|
|
3,240,358
|
|
Massachusetts - 3.7%
|
||
1,190,000
|
Massachusetts Bay Transportation Auth Sales Tax,
MA, Rev 5.00%, 07/01/2041
|
1,277,410
|
|
|
Massachusetts Dev Finance Agency, MA, Rev
|
|
|
405,000
|
4.22%, 07/01/2049, SIFMA Municipal Swap
Index + 0.60%(3)(4)
|
404,990
|
|
1,000,000
|
5.00%, 07/01/2025
|
1,001,997
|
|
1,000,000
|
5.00%, 07/01/2027(2)
|
1,025,740
|
|
575,000
|
5.00%, 01/01/2028
|
595,042
|
|
20
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Massachusetts - 3.7% - (continued)
|
||
$ 585,000
|
5.00%, 01/01/2029
|
$611,559
|
|
1,085,000
|
5.00%, 07/01/2029(2)
|
1,132,468
|
|
555,000
|
5.00%, 01/01/2030
|
584,119
|
|
680,000
|
5.00%, 07/01/2031
|
688,241
|
|
675,000
|
5.00%, 07/01/2034
|
679,127
|
|
750,000
|
5.00%, 07/01/2038
|
796,926
|
|
1,000,000
|
5.00%, 07/01/2039
|
1,053,479
|
|
2,880,000
|
5.00%, 07/01/2040(2)
|
2,959,717
|
|
350,000
|
5.00%, 07/01/2044
|
343,020
|
|
100,000
|
5.00%, 07/01/2048
|
100,227
|
|
535,000
|
5.00%, 07/01/2055
|
538,050
|
|
380,000
|
5.00%, 10/01/2057(3)
|
348,433
|
|
1,000,000
|
5.00%, 07/01/2060(3)
|
951,525
|
|
|
Massachusetts Educational Financing Auth, MA,
Rev
|
|
|
100,000
|
5.00%, 07/01/2026
|
101,597
|
|
110,000
|
5.00%, 07/01/2027
|
112,536
|
|
4,200,000
|
Massachusetts Health & Educational Facs Auth,
MA, Rev 2.60%, 07/01/2027(1)
|
4,200,000
|
|
|
|
|
19,506,203
|
|
Michigan - 1.7%
|
||
1,250,000
|
Detroit Downtown Dev Auth, MI, Tax Allocation
5.00%, 07/01/2048
|
1,270,149
|
|
895,000
|
Detroit Regional Convention Facility Auth, MI, Rev
5.00%, 10/01/2036
|
949,772
|
|
570,000
|
Great Lakes Water Auth, Water Supply System, MI,
Rev 5.00%, 07/01/2037
|
622,962
|
|
|
Michigan Finance Auth, MI, Rev
|
|
|
1,250,000
|
4.00%, 11/15/2046
|
1,080,832
|
|
750,000
|
5.00%, 11/01/2032
|
780,465
|
|
600,000
|
5.25%, 02/29/2040
|
633,027
|
|
100,000
|
5.25%, 02/28/2041
|
104,624
|
|
|
Michigan State Housing Dev Auth, MI, Rev
|
|
|
425,000
|
3.45%, 12/01/2030
|
414,015
|
|
390,000
|
4.25%, 06/01/2049
|
391,258
|
|
245,000
|
4.25%, 12/01/2049
|
245,974
|
|
1,200,000
|
5.75%, 06/01/2054
|
1,274,726
|
|
|
Michigan Strategic Fund, MI, Rev
|
|
|
695,000
|
3.35%, 10/01/2049(1)
|
684,382
|
|
540,000
|
3.88%, 06/01/2053(1)
|
536,189
|
|
|
|
|
8,988,375
|
|
Minnesota - 0.4%
|
||
376,621
|
Freddie Mac Multifamily ML Certificates, MN, Rev
2.54%, 06/25/2037
|
330,688
|
|
750,000
|
Minnesota Higher Education Facs Auth, MN, Rev
3.00%, 10/01/2038
|
632,082
|
|
|
Minnesota Housing Finance Agency, MN, Rev,
|
|
|
505,000
|
(FHLMC), (FNMA), (GNMA) 5.05%, 07/01/2031
|
520,459
|
|
520,000
|
(FHLMC), (FNMA), (GNMA) 5.05%, 01/01/2032
|
541,022
|
|
|
|
|
2,024,251
|
|
Mississippi - 1.2%
|
||
4,000,000
|
State of Mississippi Gaming Tax, MS, Rev 5.00%,
10/15/2029
|
4,159,727
|
|
|
State of Mississippi, MS, Rev
|
|
|
1,205,000
|
5.00%, 10/01/2041
|
1,274,135
|
|
850,000
|
5.00%, 10/01/2042
|
892,471
|
|
|
|
|
6,326,333
|
|
Missouri - 0.8%
|
||
|
City of St. Louis Airport, MO, Rev,
|
|
|
750,000
|
(AGM) 5.00%, 07/01/2037
|
818,764
|
|
100,000
|
(AGM) 5.00%, 07/01/2039
|
107,415
|
|
|
Health & Educational Facs Auth of the State of
Missouri, MO, Rev
|
|
|
850,000
|
4.00%, 01/01/2050(1)
|
758,539
|
|
555,000
|
5.00%, 06/01/2032
|
602,092
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Missouri - 0.8% - (continued)
|
||
$ 1,135,000
|
Missouri Housing Dev Commission, MO, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%, 05/01/2047
|
$1,140,002
|
|
650,000
|
St. Louis County Industrial Dev Auth, MO, Rev
5.00%, 09/01/2028
|
664,001
|
|
|
|
|
4,090,813
|
|
Montana - 0.2%
|
||
985,000
|
Montana Board of Housing, MT, Rev 6.00%,
12/01/2054
|
1,057,942
|
|
|
Nebraska - 1.4%
|
||
|
Central Plains Energy Project, NE, Rev
|
|
|
1,500,000
|
4.00%, 12/01/2049(1)
|
1,500,088
|
|
1,365,000
|
5.00%, 05/01/2054(1)
|
1,414,550
|
|
300,000
|
County of Washington, NE, Rev 0.90%,
09/01/2030(1)
|
297,082
|
|
500,000
|
Nebraska Investment Finance Auth, NE, Rev,
(FHLMC), (FNMA), (GNMA) 5.00%, 03/01/2049
|
504,249
|
|
3,375,000
|
Omaha Airport Auth, NE, Rev, (AGC) 5.25%,
12/15/2041
|
3,570,253
|
|
|
|
|
7,286,222
|
|
Nevada - 0.2%
|
||
260,000
|
City of North Las Vegas, NV, Special Assessment
4.50%, 06/01/2039
|
241,866
|
|
280,000
|
City of Reno, NV, Rev, (AGM) 5.00%, 06/01/2033
|
291,003
|
|
300,000
|
Clark County School Dist, NV, GO 5.00%,
06/15/2035
|
311,428
|
|
250,000
|
County of Clark Passenger Facility Charge, NV,
Rev 5.00%, 07/01/2028
|
264,282
|
|
|
|
|
1,108,579
|
|
New Hampshire - 0.8%
|
||
|
New Hampshire Business Finance Auth, NH, Rev
|
|
|
1,295,000
|
4.00%, 12/01/2028
|
1,288,073
|
|
650,000
|
(BAM) 5.00%, 06/01/2036
|
696,605
|
|
715,000
|
(BAM) 5.00%, 12/01/2036
|
764,207
|
|
860,000
|
(BAM) 5.00%, 12/01/2037
|
915,868
|
|
665,000
|
(BAM) 5.00%, 12/01/2038
|
704,800
|
|
|
|
|
4,369,553
|
|
New Jersey - 1.7%
|
||
830,000
|
New Jersey Educational Facs Auth, NJ, Rev,
(AGM) 5.00%, 07/01/2043
|
869,523
|
|
430,000
|
New Jersey Higher Education Student Assistance
Auth, NJ, Rev 5.00%, 12/01/2025
|
432,704
|
|
5,000,000
|
New Jersey Transportation Trust Fund Auth, NJ,
Rev 5.00%, 06/15/2037
|
5,307,182
|
|
1,695,000
|
New Jersey Turnpike Auth, NJ, Rev 5.00%,
01/01/2042
|
1,793,025
|
|
325,000
|
Newark Board of Education, NJ, GO, (BAM)
5.00%, 07/15/2027
|
337,363
|
|
250,000
|
Tobacco Settlement Financing Corp., NJ, Rev
5.00%, 06/01/2029
|
257,157
|
|
|
|
|
8,996,954
|
|
New Mexico - 1.6%
|
||
4,250,000
|
City of Santa Fe, NM, Rev 5.00%, 05/15/2049
|
3,901,619
|
|
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
750,000
|
(FHLMC), (FNMA), (GNMA) 2.70%, 09/01/2047
|
510,209
|
|
30,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 01/01/2049
|
29,998
|
|
1,780,000
|
(FHLMC), (FNMA), (GNMA) 6.50%, 09/01/2054
|
1,943,250
|
|
1,870,000
|
New Mexico Municipal Energy Acquisition Auth,
NM, Rev 5.00%, 06/01/2054(1)
|
1,958,977
|
|
|
|
|
8,344,053
|
|
New York - 8.6%
|
||
|
City of New York, NY, GO
|
|
|
530,000
|
5.00%, 04/01/2036
|
547,514
|
|
21
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
New York - 8.6% - (continued)
|
||
$ 500,000
|
5.00%, 09/01/2038
|
$544,654
|
|
1,575,000
|
5.00%, 02/01/2040
|
1,701,692
|
|
515,000
|
Empire State Dev Corp., NY, Rev 5.00%,
03/15/2038
|
523,791
|
|
|
Long Island Power Auth, NY, Rev
|
|
|
500,000
|
0.85%, 09/01/2050(1)
|
494,583
|
|
295,000
|
5.00%, 09/01/2033
|
309,380
|
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
2,000,000
|
5.00%, 11/15/2029
|
2,010,831
|
|
265,000
|
5.00%, 11/15/2032
|
265,939
|
|
195,000
|
5.00%, 11/15/2033
|
208,420
|
|
4,000,000
|
5.00%, 11/15/2034
|
4,426,498
|
|
1,000,000
|
5.00%, 11/15/2045(1)
|
1,047,624
|
|
575,000
|
5.00%, 11/15/2048
|
577,875
|
|
2,500,000
|
New York City Housing Dev Corp., NY, Rev 5.25%,
12/15/2031
|
2,529,134
|
|
|
New York City Industrial Dev Agency, NY, Rev,
|
|
|
670,000
|
(AGM) 3.00%, 01/01/2033
|
623,809
|
|
150,000
|
(AGM) 5.00%, 03/01/2030
|
160,387
|
|
|
New York City Municipal Water Finance Auth, NY,
Rev
|
|
|
1,200,000
|
3.00%, 06/15/2040
|
966,461
|
|
690,000
|
4.13%, 06/15/2047
|
650,871
|
|
500,000
|
5.00%, 06/15/2040
|
517,505
|
|
2,130,000
|
5.50%, 06/15/2039(2)
|
2,434,851
|
|
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev
|
|
|
2,305,000
|
4.00%, 02/01/2038
|
2,262,103
|
|
570,000
|
5.00%, 05/01/2038
|
589,045
|
|
|
New York City Transitional Finance Auth, NY, Rev
|
|
|
200,000
|
5.00%, 05/01/2037
|
218,830
|
|
390,000
|
5.00%, 02/01/2038
|
425,393
|
|
1,360,000
|
5.00%, 05/01/2038
|
1,478,009
|
|
2,570,000
|
5.00%, 11/01/2038
|
2,817,388
|
|
|
New York Liberty Dev Corp., NY, Rev
|
|
|
450,000
|
0.95%, 11/15/2027
|
409,350
|
|
405,000
|
2.75%, 02/15/2044
|
285,003
|
|
2,175,000
|
5.00%, 11/15/2044(3)
|
2,161,794
|
|
|
New York State Dormitory Auth, NY, Rev
|
|
|
1,000,000
|
3.00%, 03/15/2041
|
803,093
|
|
1,650,000
|
4.00%, 03/15/2038
|
1,613,350
|
|
675,000
|
4.00%, 03/15/2040
|
639,942
|
|
630,000
|
(AGM), (ST AID WITHHLDG) 5.00%, 10/01/2037
|
679,912
|
|
245,000
|
(AGM), (ST AID WITHHLDG) 5.00%, 10/01/2038
|
263,152
|
|
290,000
|
5.25%, 07/01/2039
|
312,132
|
|
2,000,000
|
5.25%, 07/01/2040
|
2,131,383
|
|
1,800,000
|
New York State Housing Finance Agency, NY, Rev
2.70%, 11/15/2037(1)
|
1,800,000
|
|
|
New York Transportation Dev Corp., NY, Rev,
|
|
|
370,000
|
(AGC) 0.00%, 12/31/2054(5)
|
226,697
|
|
1,715,000
|
(AGM) 5.00%, 06/30/2054
|
1,705,262
|
|
|
Port Auth of New York & New Jersey, NY, Rev
|
|
|
500,000
|
3.00%, 10/01/2027
|
488,077
|
|
185,000
|
4.00%, 07/15/2040
|
180,069
|
|
800,000
|
5.00%, 11/15/2035
|
805,825
|
|
835,000
|
5.00%, 01/15/2037
|
875,437
|
|
290,000
|
5.00%, 12/01/2037
|
303,377
|
|
700,000
|
5.00%, 11/01/2038
|
711,631
|
|
500,000
|
5.00%, 12/01/2038
|
520,790
|
|
260,000
|
Triborough Bridge & Tunnel Auth, NY, Rev 5.00%,
11/15/2049
|
264,136
|
|
|
|
|
45,512,999
|
|
North Carolina - 0.8%
|
||
|
North Carolina Housing Finance Agency, NC, Rev,
|
|
|
810,000
|
(FHLMC), (FNMA), (GNMA) 3.75%, 07/01/2052
|
806,365
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
North Carolina - 0.8% - (continued)
|
||
$ 605,000
|
(FHLMC), (FNMA), (GNMA) 6.25%, 01/01/2056
|
$669,116
|
|
|
North Carolina Medical Care Commission, NC, Rev
|
|
|
1,455,000
|
4.00%, 09/01/2051
|
1,126,647
|
|
325,000
|
4.25%, 09/01/2028
|
321,331
|
|
395,000
|
5.00%, 01/01/2038
|
397,758
|
|
145,000
|
5.00%, 01/01/2039
|
133,391
|
|
210,000
|
5.00%, 01/01/2044
|
204,883
|
|
500,000
|
5.50%, 09/01/2054
|
470,998
|
|
|
|
|
4,130,489
|
|
Ohio - 2.1%
|
||
1,230,000
|
Buckeye Tobacco Settlement Financing Auth, OH,
Rev 5.00%, 06/01/2055
|
1,073,263
|
|
100,000
|
Cleveland Department of Public Utilities Division of
Public Power, OH, Rev, (AGM) 5.00%,
11/15/2030
|
103,940
|
|
|
County of Allen Hospital Facs, OH, Rev
|
|
|
250,000
|
5.00%, 12/01/2029
|
267,696
|
|
2,895,000
|
5.00%, 11/01/2039(2)
|
3,048,184
|
|
1,435,000
|
Jefferson County Port Auth, OH, Rev 5.00%,
12/01/2053(1)(3)
|
1,442,928
|
|
845,000
|
Ohio Air Quality Dev Auth, OH, Rev 4.00%,
09/01/2030(1)
|
848,812
|
|
|
Ohio Housing Finance Agency, OH, Rev,
|
|
|
370,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 09/01/2032
|
428,871
|
|
360,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 03/01/2033
|
418,864
|
|
250,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 03/01/2034
|
292,598
|
|
665,000
|
(FHLMC), (FNMA), (GNMA) 6.25%, 03/01/2055
|
722,397
|
|
|
Port of Greater Cincinnati Dev Auth, OH, Rev
|
|
|
1,235,000
|
5.00%, 12/01/2037
|
1,343,288
|
|
755,000
|
5.00%, 12/01/2038
|
816,238
|
|
360,000
|
State of Ohio, OH, Rev 2.75%, 01/01/2052(1)
|
351,118
|
|
|
|
|
11,158,197
|
|
Oklahoma - 0.4%
|
||
925,000
|
Canadian County Educational Facs Auth, OK, Rev
5.00%, 09/01/2033
|
1,012,493
|
|
555,000
|
Grand River Dam Auth, OK, Rev 5.00%,
06/01/2041
|
586,855
|
|
590,000
|
Oklahoma Turnpike Auth, OK, Rev 5.00%,
01/01/2039(2)
|
636,841
|
|
|
|
|
2,236,189
|
|
Oregon - 1.0%
|
||
30,000
|
Benton & Linn Counties Consolidated School Dist
No. 509J & 509A Corvallis, OR, GO, (SCH BD
GTY) 5.00%, 06/15/2038(5)
|
30,722
|
|
20,000
|
Marion County School Dist No. 15 North Marion,
OR, GO, (SCH BD GTY) 0.00%, 06/15/2037(6)
|
11,746
|
|
115,000
|
Multnomah & Clackamas Counties School Dist No.
10JT Gresham-Barlow, OR, GO, (SCH BD GTY)
0.00%, 06/15/2038(6)
|
62,486
|
|
|
Port of Portland Airport, OR, Rev
|
|
|
575,000
|
5.00%, 07/01/2030
|
607,260
|
|
1,910,000
|
5.00%, 07/01/2038
|
1,982,738
|
|
1,000,000
|
5.00%, 07/01/2044
|
1,002,516
|
|
1,250,000
|
5.25%, 07/01/2040
|
1,333,996
|
|
|
Salem Hospital Facility Auth, OR, Rev
|
|
|
40,000
|
5.00%, 05/15/2038
|
39,897
|
|
30,000
|
5.00%, 05/15/2048
|
27,672
|
|
30,000
|
State of Oregon Housing & Community Services
Department, OR, Rev 4.50%, 01/01/2049
|
30,047
|
|
35,000
|
State of Oregon, OR, GO 4.00%, 12/01/2048
|
34,967
|
|
100,000
|
Washington Clackamas & Yamhill Counties School
Dist No. 88J, OR, GO, (SCH BD GTY) 0.00%,
06/15/2034(6)
|
67,189
|
|
|
|
|
5,231,236
|
|
22
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Pennsylvania - 3.7%
|
||
$ 360,000
|
Adams County General Auth, PA, Rev 3.60%,
06/01/2029
|
$350,838
|
|
135,000
|
Armstrong School Dist, PA, GO, (BAM), (ST AID
WITHHLDG) 4.00%, 03/15/2035
|
134,108
|
|
735,000
|
City of Philadelphia Water & Wastewater, PA, Rev,
(AGM) 5.00%, 09/01/2036
|
803,835
|
|
3,000,000
|
Coatesville School Dist, PA, GO, (BAM), (ST AID
WITHHLDG) 5.25%, 11/15/2037
|
3,137,858
|
|
100,000
|
Commonwealth Financing Auth, PA, Rev 5.00%,
06/01/2027
|
102,461
|
|
450,000
|
Doylestown Hospital Auth, PA, Rev 5.38%,
07/01/2039(3)
|
478,723
|
|
585,000
|
Hospitals & Higher Education Facs Auth of
Philadelphia, PA, Rev, (AGM) 5.00%, 07/01/2037
|
611,627
|
|
345,000
|
Lancaster Industrial Dev Auth, PA, Rev 4.00%,
07/01/2056
|
265,067
|
|
|
Lancaster School Dist, PA, GO,
|
|
|
3,500,000
|
(BAM), (ST AID WITHHLDG) 5.00%, 06/01/2041
|
3,684,777
|
|
500,000
|
(BAM), (ST AID WITHHLDG) 5.00%, 06/01/2043
|
521,173
|
|
|
Montgomery County Industrial Dev Auth, PA, Rev
|
|
|
230,000
|
5.00%, 12/01/2030
|
230,974
|
|
240,000
|
5.00%, 12/01/2044
|
234,764
|
|
100,000
|
5.00%, 12/01/2046
|
92,934
|
|
|
Pennsylvania Economic Dev Financing Auth
Parking System, PA, Rev,
|
|
|
465,000
|
(AGM) 5.00%, 01/01/2038
|
484,239
|
|
290,000
|
(AGM) 5.00%, 01/01/2040
|
298,370
|
|
100,000
|
Pennsylvania Economic Dev Financing Auth, PA,
Rev 5.00%, 05/15/2038
|
104,862
|
|
240,000
|
Pennsylvania Higher Education Assistance Agency,
PA, Rev 5.00%, 06/01/2029
|
249,379
|
|
|
Pennsylvania Higher Educational Facs Auth, PA,
Rev
|
|
|
250,000
|
5.00%, 05/01/2025
|
250,000
|
|
750,000
|
5.00%, 05/01/2037
|
755,495
|
|
190,000
|
Pennsylvania Housing Finance Agency, PA, Rev
4.00%, 10/01/2038
|
189,492
|
|
|
Pennsylvania Turnpike Commission, PA, Rev
|
|
|
150,000
|
5.00%, 12/01/2030
|
155,182
|
|
1,500,000
|
5.00%, 12/01/2042
|
1,515,898
|
|
|
Pittsburgh Water & Sewer Auth, PA, Rev,
|
|
|
15,000
|
(AGM) 5.00%, 09/01/2034
|
15,873
|
|
1,245,000
|
(AGM) 5.00%, 09/01/2036
|
1,364,100
|
|
1,000,000
|
(AGM) 5.00%, 09/01/2037
|
1,087,956
|
|
|
School Dist of Philadelphia, PA, GO,
|
|
|
280,000
|
(NPFG), (ST AID WITHHLDG) 5.00%,
06/01/2027
|
289,924
|
|
875,000
|
(ST AID WITHHLDG) 5.00%, 09/01/2035
|
946,115
|
|
590,000
|
School Dist of the City of Erie, PA, GO, (AGM), (ST
AID WITHHLDG) 5.00%, 04/01/2028
|
616,059
|
|
375,000
|
Wilkes-Barre Area School Dist, PA, GO, (BAM),
(ST AID WITHHLDG) 5.00%, 04/15/2059
|
376,060
|
|
|
|
|
19,348,143
|
|
Puerto Rico - 2.3%
|
||
5,950,000
|
Commonwealth of Puerto Rico, PR, GO 5.63%,
07/01/2027
|
6,066,646
|
|
|
Puerto Rico Sales Tax Financing Corp., PR, Rev
|
|
|
3,321,000
|
0.00%, 07/01/2027(6)
|
3,036,001
|
|
3,119,000
|
0.00%, 07/01/2029(6)
|
2,626,372
|
|
625,000
|
5.00%, 07/01/2058
|
596,738
|
|
|
|
|
12,325,757
|
|
Rhode Island - 1.8%
|
||
|
Providence Public Building Auth, RI, Rev,
|
|
|
1,000,000
|
(AGC) 5.00%, 09/15/2037
|
1,083,968
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Rhode Island - 1.8% - (continued)
|
||
$ 665,000
|
(AGC) 5.00%, 09/15/2038
|
$715,557
|
|
|
Rhode Island Health & Educational Building Corp.,
RI, Rev,
|
|
|
1,250,000
|
(BAM), (ST AID WITHHLDG) 5.00%, 05/15/2032
|
1,375,406
|
|
585,000
|
(BAM), (ST AID WITHHLDG) 5.00%, 05/15/2034
|
649,942
|
|
3,000,000
|
(AGM), (ST AID WITHHLDG) 5.00%, 05/15/2037
|
3,257,902
|
|
|
Rhode Island Student Loan Auth, RI, Rev
|
|
|
400,000
|
5.00%, 12/01/2027
|
409,636
|
|
765,000
|
5.00%, 12/01/2028
|
789,339
|
|
950,000
|
5.00%, 12/01/2029
|
986,416
|
|
465,000
|
5.00%, 12/01/2031
|
486,478
|
|
|
|
|
9,754,644
|
|
South Carolina - 1.1%
|
||
785,000
|
Patriots Energy Group Financing Agency, SC, Rev
5.25%, 02/01/2054(1)
|
833,057
|
|
410,000
|
SCAGO Educational Facs Corp. for Pickens School
Dist, SC, Rev 5.00%, 12/01/2029
|
410,353
|
|
|
South Carolina Jobs-Economic Dev Auth, SC, Rev
|
|
|
1,500,000
|
5.00%, 11/01/2036
|
1,627,708
|
|
345,000
|
5.00%, 11/01/2037
|
371,820
|
|
|
South Carolina Public Service Auth, SC, Rev
|
|
|
500,000
|
4.00%, 12/01/2034
|
497,735
|
|
625,000
|
4.00%, 12/01/2038
|
601,030
|
|
1,175,000
|
South Carolina State Housing Finance & Dev Auth,
SC, Rev 5.75%, 01/01/2054
|
1,257,477
|
|
|
|
|
5,599,180
|
|
South Dakota - 0.1%
|
||
|
South Dakota Housing Dev Auth, SD, Rev
|
|
|
335,000
|
4.50%, 11/01/2048
|
337,207
|
|
275,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 05/01/2054
|
290,668
|
|
|
|
|
627,875
|
|
Tennessee - 0.3%
|
||
|
Metropolitan Government Nashville & Davidson
County Health & Educational Facs Board, TN,
Rev
|
|
|
515,000
|
5.00%, 05/01/2035
|
547,674
|
|
195,000
|
5.00%, 05/01/2038
|
203,137
|
|
590,000
|
Tennessee Energy Acquisition Corp., TN, Rev
5.00%, 02/01/2027
|
597,268
|
|
50,000
|
Tennessee Housing Dev Agency, TN, Rev 4.00%,
01/01/2049
|
50,008
|
|
|
|
|
1,398,087
|
|
Texas - 12.4%
|
||
|
Allen Independent School Dist, TX, GO,
|
|
|
870,000
|
(PSF-GTD) 5.00%, 02/15/2034
|
978,817
|
|
1,380,000
|
(PSF-GTD) 5.00%, 02/15/2035
|
1,541,539
|
|
|
Arlington Higher Education Finance Corp., TX, Rev,
|
|
|
950,000
|
(PSF-GTD) 5.00%, 02/15/2037
|
1,007,655
|
|
805,000
|
(PSF-GTD) 5.00%, 08/15/2040
|
845,920
|
|
160,000
|
Austin-Bergstrom Landhost Enterprises, Inc., TX,
Rev 5.00%, 10/01/2029
|
162,674
|
|
|
Boerne Independent School Dist, TX, GO,
|
|
|
1,045,000
|
(PSF-GTD) 3.13%, 02/01/2053(1)
|
1,037,912
|
|
225,000
|
(PSF-GTD) 4.00%, 02/01/2054(1)
|
228,400
|
|
|
Central Texas Regional Mobility Auth, TX, Rev
|
|
|
1,425,000
|
4.00%, 01/01/2035
|
1,427,716
|
|
505,000
|
4.00%, 01/01/2036
|
507,559
|
|
1,490,000
|
5.00%, 01/01/2046
|
1,509,100
|
|
|
City of Austin Airport System, TX, Rev
|
|
|
1,025,000
|
5.00%, 11/15/2032
|
1,095,746
|
|
500,000
|
5.00%, 11/15/2039
|
514,876
|
|
|
City of Dallas Hotel Occupancy Tax, TX, Rev
|
|
|
1,535,000
|
4.00%, 08/15/2033
|
1,517,729
|
|
100,000
|
4.00%, 08/15/2034
|
98,169
|
|
23
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Texas - 12.4% - (continued)
|
||
$ 535,000
|
City of Dallas, TX, GO 5.00%, 02/15/2028
|
$550,647
|
|
|
City of Garland Electric Utility System, TX, Rev,
|
|
|
1,000,000
|
(AGC) 5.00%, 03/01/2029
|
1,063,175
|
|
1,000,000
|
(AGC) 5.00%, 03/01/2030
|
1,075,659
|
|
750,000
|
City of Houston Hotel Occupancy Tax & Special,
TX, Rev, (AGM), (AMBAC) 0.00%, 09/01/2025(6)
|
740,523
|
|
|
City of San Antonio Electric & Gas Systems, TX,
Rev
|
|
|
555,000
|
1.75%, 02/01/2049(1)
|
547,554
|
|
245,000
|
5.00%, 02/01/2039
|
263,946
|
|
1,410,000
|
Clear Creek Independent School Dist, TX, GO,
(PSF-GTD) 3.60%, 02/15/2035(1)
|
1,409,715
|
|
975,000
|
Clifton Higher Education Finance Corp., TX, Rev,
(PSF-GTD) 5.00%, 08/15/2036
|
1,056,344
|
|
2,250,000
|
College Station Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2044
|
2,121,033
|
|
|
Crowley Independent School Dist, TX, GO,
|
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2030
|
433,503
|
|
450,000
|
(PSF-GTD) 5.00%, 02/01/2031
|
492,738
|
|
400,000
|
(PSF-GTD) 5.00%, 02/01/2032
|
441,887
|
|
1,310,000
|
Cypress-Fairbanks Independent School Dist, TX,
GO, (PSF-GTD) 5.00%, 02/15/2037
|
1,431,551
|
|
|
Dallas Fort Worth International Airport, TX, Rev
|
|
|
1,500,000
|
5.00%, 11/01/2031
|
1,600,771
|
|
1,500,000
|
5.00%, 11/01/2032
|
1,603,414
|
|
750,000
|
Dallas Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2033
|
836,192
|
|
1,000,000
|
East Montgomery County Improvement Dist Sales
Tax, TX, Rev, (AGC) 5.00%, 08/15/2035
|
1,093,010
|
|
1,350,000
|
Fort Bend Independent School Dist, TX, GO,
(PSF-GTD) 3.80%, 08/01/2055(1)(2)
|
1,355,509
|
|
450,000
|
Harris County Industrial Dev Corp., TX, Rev 4.05%,
11/01/2050(1)
|
444,188
|
|
|
Harris County-Houston Sports Auth, TX, Rev,
|
|
|
1,510,000
|
(AGC) 5.00%, 11/15/2032
|
1,636,835
|
|
1,780,000
|
(AGC) 5.00%, 11/15/2033
|
1,936,445
|
|
400,000
|
Hidalgo County Regional Mobility Auth, TX, Rev
5.00%, 12/01/2030
|
418,334
|
|
825,000
|
Hutto Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 08/01/2036
|
906,024
|
|
|
Joshua Independent School Dist, TX, GO,
|
|
|
1,500,000
|
(PSF-GTD) 5.00%, 08/15/2038
|
1,620,452
|
|
500,000
|
(PSF-GTD) 5.00%, 08/15/2039
|
537,261
|
|
|
Lower Colorado River Auth, TX, Rev,
|
|
|
1,665,000
|
(AGM) 5.00%, 05/15/2035
|
1,810,175
|
|
835,000
|
(AGC) 5.00%, 05/15/2044
|
872,549
|
|
|
Melissa Independent School Dist, TX, GO,
|
|
|
1,000,000
|
(PSF-GTD) 5.00%, 02/01/2036
|
1,108,815
|
|
420,000
|
(PSF-GTD) 5.00%, 02/01/2037
|
461,820
|
|
|
New Hope Cultural Education Facs Finance Corp.,
TX, Rev
|
|
|
675,000
|
4.25%, 10/01/2030
|
667,210
|
|
550,000
|
5.00%, 11/01/2046
|
432,063
|
|
3,000,000
|
North Texas Tollway Auth, TX, Rev 4.13%,
01/01/2040
|
2,927,634
|
|
|
Northside Independent School Dist, TX, GO,
|
|
|
1,250,000
|
(PSF-GTD) 2.00%, 06/01/2052(1)
|
1,205,755
|
|
1,020,000
|
(PSF-GTD) 5.00%, 08/01/2038(1)
|
1,099,211
|
|
2,000,000
|
San Antonio Water System, TX, Rev 1.00%,
05/01/2043(1)
|
1,918,429
|
|
500,000
|
Southwest Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/01/2036
|
541,344
|
|
6,300,000
|
State of Texas, TX, GO 2.90%, 12/01/2050(1)
|
6,300,000
|
|
|
Texas Department of Housing & Community
Affairs, TX, Rev,
|
|
|
1,250,000
|
(GNMA) 2.25%, 07/01/2041
|
876,810
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Texas - 12.4% - (continued)
|
||
$ 2,125,000
|
(GNMA) 3.00%, 03/01/2050
|
$1,512,809
|
|
1,430,000
|
(GNMA) 3.63%, 09/01/2044
|
1,214,798
|
|
1,115,000
|
Texas Municipal Gas Acquisition & Supply Corp. I,
TX, Rev 6.25%, 12/15/2026
|
1,145,843
|
|
2,500,000
|
Texas Municipal Gas Acquisition & Supply Corp. V,
TX, Rev 5.00%, 01/01/2055(1)
|
2,598,837
|
|
500,000
|
Texas Public Finance Auth, TX, Rev 4.00%,
02/01/2034
|
500,590
|
|
200,000
|
Texas Transportation Commission State Highway
249 System, TX, Rev 0.00%, 08/01/2038(6)
|
109,004
|
|
|
Uptown Dev Auth, TX, Tax Allocation
|
|
|
220,000
|
4.00%, 09/01/2032
|
214,457
|
|
250,000
|
4.00%, 09/01/2035
|
232,830
|
|
|
|
|
65,841,505
|
|
Utah - 1.4%
|
||
590,000
|
County of Salt Lake, UT, Rev, (AMBAC) 5.13%,
02/15/2033
|
596,767
|
|
|
Mida Mountain Village Public Infrastructure Dist,
UT, Tax Allocation
|
|
|
2,930,000
|
5.13%, 06/15/2054(3)
|
2,655,138
|
|
3,000,000
|
6.00%, 06/15/2054(3)
|
3,002,487
|
|
1,250,000
|
Utah Transit Auth, UT, Rev, (AGM) 5.25%,
06/15/2029
|
1,340,236
|
|
|
|
|
7,594,628
|
|
Virginia - 3.0%
|
||
1,325,000
|
Arlington County Industrial Dev Auth, VA, Rev
5.00%, 07/01/2053(1)
|
1,410,210
|
|
9,160,000
|
County of Fairfax, VA, GO, (ST AID WITHHLDG)
5.00%, 10/01/2026
|
9,413,237
|
|
750,000
|
Henrico County Economic Dev Auth, VA, Rev
5.00%, 10/01/2047
|
760,580
|
|
255,000
|
James City County Economic Dev Auth, VA, Rev
5.25%, 12/01/2027
|
255,045
|
|
620,000
|
Virginia Beach Dev Auth, VA, Rev 5.38%,
09/01/2029
|
623,986
|
|
|
Virginia Small Business Financing Auth, VA, Rev
|
|
|
1,000,000
|
4.00%, 01/01/2033
|
969,628
|
|
1,100,000
|
4.00%, 07/01/2034
|
1,052,444
|
|
835,000
|
5.00%, 07/01/2035
|
854,998
|
|
350,000
|
5.00%, 12/31/2047
|
351,475
|
|
|
|
|
15,691,603
|
|
Washington - 1.4%
|
||
|
Port of Seattle, WA, Rev
|
|
|
1,600,000
|
5.25%, 07/01/2039
|
1,692,550
|
|
595,000
|
5.25%, 07/01/2041
|
625,856
|
|
1,105,000
|
Snohomish County School Dist No. 15 Edmonds,
WA, GO, (SCH BD GTY) 5.00%, 12/01/2038
|
1,203,526
|
|
460,000
|
State of Washington, WA, GO 5.00%, 08/01/2044
|
475,180
|
|
|
Washington Health Care Facs Auth, WA, Rev
|
|
|
1,500,000
|
4.00%, 08/01/2044
|
1,355,068
|
|
1,725,000
|
5.00%, 10/01/2042
|
1,728,106
|
|
500,000
|
Washington State Housing Finance Commission,
WA, Rev 5.00%, 01/01/2031(3)
|
501,037
|
|
|
|
|
7,581,323
|
|
West Virginia - 0.3%
|
||
1,870,000
|
West Virginia Economic Dev Auth, WV, Rev 3.75%,
12/01/2042(1)
|
1,869,522
|
|
|
Wisconsin - 2.4%
|
||
|
Public Finance Auth, WI, Rev
|
|
|
505,000
|
4.00%, 10/01/2041
|
457,213
|
|
835,000
|
4.00%, 10/01/2046(1)
|
832,023
|
|
170,000
|
(AGM) 4.00%, 07/01/2050
|
148,893
|
|
25,000
|
5.00%, 09/01/2025(3)
|
24,935
|
|
1,000,000
|
(AGM) 5.00%, 07/01/2036
|
1,022,371
|
|
24
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 93.8% - (continued)
|
|||
|
Wisconsin - 2.4% - (continued)
|
||
$ 510,000
|
5.00%, 12/15/2039(3)
|
$504,827
|
|
750,000
|
5.00%, 10/01/2043(3)
|
711,194
|
|
465,000
|
5.00%, 10/01/2044
|
466,781
|
|
400,000
|
5.00%, 12/15/2044(3)
|
381,767
|
|
730,000
|
5.25%, 11/15/2061
|
736,790
|
|
750,000
|
5.50%, 06/15/2055
|
756,485
|
|
|
University of Wisconsin Hospitals & Clinics, WI,
Rev
|
|
|
310,000
|
4.00%, 04/01/2035
|
307,775
|
|
220,000
|
4.00%, 04/01/2039
|
210,796
|
|
650,000
|
5.00%, 04/01/2037
|
708,908
|
|
265,000
|
5.00%, 04/01/2038
|
287,345
|
|
120,000
|
Wisconsin Center Dist, WI, Rev, (AGM) 0.00%,
12/15/2029(6)
|
100,059
|
|
|
Wisconsin Health & Educational Facs Auth, WI,
Rev
|
|
|
840,000
|
5.00%, 11/01/2039
|
811,983
|
|
680,000
|
5.75%, 08/15/2059
|
697,383
|
|
|
Wisconsin Housing & Economic Dev Auth Home
Ownership, WI, Rev,
|
|
|
875,000
|
(FHLMC), (FNMA), (GNMA) 5.50%, 09/01/2031
|
961,346
|
|
1,555,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 09/01/2054
|
1,668,357
|
|
930,000
|
(FHLMC), (FNMA), (GNMA) 6.00%, 03/01/2055
|
999,249
|
|
|
|
|
12,796,480
|
|
Wyoming - 0.1%
|
||
280,000
|
Wyoming Community Dev Auth, WY, Rev 6.00%,
12/01/2054
|
301,136
|
|
|
Total Municipal Bonds
(cost $506,854,750)
|
|
$496,044,869
|
U.S. GOVERNMENT AGENCIES - 0.2%
|
|||
|
Mortgage-Backed Agencies - 0.2%
|
||
|
Federal Home Loan Mortgage Corp. - 0.2%
|
||
1,135,000
|
3.15%, 10/15/2036
|
$1,020,491
|
|
|
Total U.S. Government Agencies
(cost $1,153,618)
|
|
$1,020,491
|
|
Total Long-Term Investments
(cost $508,008,368)
|
|
$497,065,360
|
SHORT-TERM INVESTMENTS - 1.4%
|
|||
|
Repurchase Agreements - 1.4%
|
||
7,566,765
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at 4.37%, due
on 05/01/2025 with a maturity value of
$7,567,684; collateralized by U.S. Treasury
Note at 4.38%, maturing 07/31/2026, with a
market value of $7,718,206
|
$7,566,765
|
|
|
Total Short-Term Investments
(cost $7,566,765)
|
$7,566,765
|
|
|
Total Investments
(cost $515,575,133)
|
95.4
%
|
$504,632,125
|
|
Other Assets and Liabilities
|
4.6
%
|
24,298,386
|
|
Net Assets
|
100.0
%
|
$528,930,511
|
(1)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
(2)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was
$14,788,785 at April 30, 2025.
|
(3)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of these securities was
$14,701,836, representing 2.8% of net assets.
|
(4)
|
Variable rate securities; the rate reported is the coupon rate in effect at April
30,
2025. 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)
|
Security is a zero-coupon bond.
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
25
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Municipal Bonds
|
$496,044,869
|
$—
|
$496,044,869
|
$—
|
U.S. Government Agencies
|
1,020,491
|
—
|
1,020,491
|
—
|
Short-Term Investments
|
7,566,765
|
—
|
7,566,765
|
—
|
Total
|
$504,632,125
|
$—
|
$504,632,125
|
$—
|
(1)
|
For the period ended April 30, 2025, there were no transfers in and out of Level 3.
|
|
26
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 98.8%
|
|||
|
Banks - 11.4%
|
||
127,575
|
Bank of America Corp.
|
$5,087,691
|
|
34,842
|
Bank of Nova Scotia
|
1,741,403
|
|
31,976
|
JP Morgan Chase & Co.
|
7,821,969
|
|
61,266
|
Wells Fargo & Co.
|
4,350,499
|
|
|
|
|
19,001,562
|
|
Capital Goods - 8.7%
|
||
4,906
|
General Dynamics Corp.
|
1,335,021
|
|
17,372
|
Honeywell International, Inc.
|
3,656,806
|
|
7,440
|
Lockheed Martin Corp.
|
3,554,460
|
|
21,326
|
Otis Worldwide Corp.
|
2,053,054
|
|
1,644
|
Vertiv Holdings Co. Class A
|
140,365
|
|
20,291
|
Westinghouse Air Brake Technologies Corp.
|
3,748,559
|
|
|
|
|
14,488,265
|
|
Consumer Discretionary Distribution & Retail - 4.1%
|
||
41,725
|
LKQ Corp.
|
1,594,312
|
|
14,440
|
Lowe's Cos., Inc.
|
3,228,207
|
|
16,271
|
TJX Cos., Inc.
|
2,093,752
|
|
|
|
|
6,916,271
|
|
Consumer Services - 0.4%
|
||
9,022
|
Starbucks Corp.
|
722,211
|
|
|
Energy - 8.0%
|
||
15,407
|
Chevron Corp.
|
2,096,277
|
|
14,808
|
ConocoPhillips
|
1,319,689
|
|
116,775
|
Coterra Energy, Inc.
|
2,867,994
|
|
17,812
|
EQT Corp.
|
880,625
|
|
42,971
|
TotalEnergies SE ADR
|
2,442,901
|
|
62,803
|
Williams Cos., Inc.
|
3,678,372
|
|
|
|
|
13,285,858
|
|
Equity Real Estate Investment Trusts (REITs) - 4.4%
|
||
5,308
|
American Tower Corp. REIT
|
1,196,476
|
|
7,368
|
AvalonBay Communities, Inc. REIT
|
1,547,133
|
|
4,199
|
Public Storage REIT
|
1,261,505
|
|
21,039
|
Simon Property Group, Inc. REIT
|
3,311,118
|
|
|
|
|
7,316,232
|
|
Financial Services - 5.4%
|
||
11,807
|
American Express Co.
|
3,145,503
|
|
28,516
|
Morgan Stanley
|
3,291,317
|
|
7,696
|
Visa, Inc. Class A
|
2,658,968
|
|
|
|
|
9,095,788
|
|
Food, Beverage & Tobacco - 5.6%
|
||
67,297
|
Keurig Dr. Pepper, Inc.
|
2,327,803
|
|
18,428
|
Mondelez International, Inc. Class A
|
1,255,500
|
|
26,226
|
Philip Morris International, Inc.
|
4,494,087
|
|
21,201
|
Tyson Foods, Inc. Class A
|
1,298,349
|
|
|
|
|
9,375,739
|
|
Health Care Equipment & Services - 5.4%
|
||
4,646
|
Becton Dickinson & Co.
|
962,140
|
|
7,739
|
Elevance Health, Inc.
|
3,254,869
|
|
11,525
|
UnitedHealth Group, Inc.
|
4,741,846
|
|
|
|
|
8,958,855
|
|
Household & Personal Products - 2.9%
|
||
60,064
|
Kenvue, Inc.
|
1,417,510
|
|
53,378
|
Unilever PLC ADR
|
3,392,172
|
|
|
|
|
4,809,682
|
|
Insurance - 5.8%
|
||
35,463
|
American International Group, Inc.
|
2,890,944
|
|
2,420
|
Chubb Ltd.
|
692,313
|
|
17,276
|
Marsh & McLennan Cos., Inc.
|
3,895,220
|
|
17,602
|
MetLife, Inc.
|
1,326,663
|
|
12,262
|
Principal Financial Group, Inc.
|
909,227
|
|
|
|
|
9,714,367
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 98.8% - (continued)
|
|||
|
Materials - 2.8%
|
||
271,398
|
Amcor PLC
|
$2,496,862
|
|
45,328
|
BHP Group Ltd. ADR
|
2,155,346
|
|
|
|
|
4,652,208
|
|
Media & Entertainment - 4.6%
|
||
14,131
|
Alphabet, Inc. Class A
|
2,244,003
|
|
35,615
|
Omnicom Group, Inc.
|
2,712,438
|
|
31,020
|
Walt Disney Co.
|
2,821,269
|
|
|
|
|
7,777,710
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 10.5%
|
||
45,256
|
AstraZeneca PLC ADR
|
3,248,928
|
|
34,962
|
Gilead Sciences, Inc.
|
3,724,851
|
|
155,138
|
Haleon PLC ADR
|
1,574,651
|
|
37,564
|
Merck & Co., Inc.
|
3,200,453
|
|
23,029
|
Novartis AG ADR
|
2,613,561
|
|
129,190
|
Pfizer, Inc.
|
3,153,528
|
|
|
|
|
17,515,972
|
|
Semiconductors & Semiconductor Equipment - 4.2%
|
||
8,120
|
Broadcom, Inc.
|
1,562,857
|
|
14,814
|
NXP Semiconductors NV
|
2,730,368
|
|
11,015
|
QUALCOMM, Inc.
|
1,635,287
|
|
6,918
|
Texas Instruments, Inc.
|
1,107,226
|
|
|
|
|
7,035,738
|
|
Software & Services - 4.5%
|
||
7,712
|
Accenture PLC Class A
|
2,307,045
|
|
39,264
|
Cognizant Technology Solutions Corp. Class A
|
2,888,653
|
|
4,029
|
Roper Technologies, Inc.
|
2,256,562
|
|
|
|
|
7,452,260
|
|
Technology Hardware & Equipment - 1.2%
|
||
35,151
|
Cisco Systems, Inc.
|
2,029,267
|
|
|
Transportation - 1.3%
|
||
15,443
|
Delta Air Lines, Inc.
|
642,892
|
|
37,396
|
Knight-Swift Transportation Holdings, Inc.
|
1,464,801
|
|
|
|
|
2,107,693
|
|
Utilities - 7.6%
|
||
26,186
|
American Electric Power Co., Inc.
|
2,836,991
|
|
19,478
|
Atmos Energy Corp.
|
3,128,751
|
|
26,855
|
Duke Energy Corp.
|
3,276,847
|
|
45,554
|
Sempra
|
3,383,296
|
|
|
|
|
12,625,885
|
|
Total Common Stocks
(cost $136,659,193)
|
|
$164,881,563
|
|
Total Investments
(cost $136,659,193)
|
98.8
%
|
$164,881,563
|
|
Other Assets and Liabilities
|
1.2
%
|
2,005,319
|
|
Net Assets
|
100.0
%
|
$166,886,882
|
|
27
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Common Stocks
|
$164,881,563
|
$164,881,563
|
$—
|
$—
|
Total
|
$164,881,563
|
$164,881,563
|
$—
|
$—
|
(1)
|
For the period ended April 30, 2025, there were no transfers in and out of Level 3.
|
|
28
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 1.5%
|
|||
|
Materials - 1.5%
|
||
250
|
Agnico Eagle Mines Ltd.
|
$29,395
|
|
1,070
|
Alamos Gold, Inc. Class A
|
30,516
|
|
1,094
|
Endeavour Mining PLC
|
29,582
|
|
550
|
Newmont Corp.
|
28,974
|
|
1,150
|
Pan American Silver Corp.
|
28,957
|
|
|
Total Common Stocks
(cost $150,348)
|
|
$147,424
|
SHORT-TERM INVESTMENTS - 86.0%
|
|||
|
U.S. Treasury Securities - 86.0%
|
||
|
U.S. Treasury Bills - 86.0%
|
||
$ 1,080,000
|
0.00%, 05/01/2025(1)
|
$1,080,000
|
|
980,000
|
3.75%, 05/08/2025(1)
|
979,196
|
|
1,120,000
|
3.98%, 05/15/2025(1)
|
1,118,170
|
|
1,280,000
|
4.04%, 05/22/2025(1)
|
1,276,883
|
|
780,000
|
4.11%, 05/29/2025(1)
|
777,454
|
|
440,000
|
4.13%, 06/05/2025(1)
|
438,208
|
|
1,010,000
|
4.18%, 07/10/2025(1)
|
1,001,761
|
|
1,090,000
|
4.19%, 07/17/2025(1)
|
1,080,251
|
|
790,000
|
4.20%, 07/03/2025(1)
|
784,200
|
|
|
Total Short-Term Investments
(cost $8,536,123)
|
$8,536,123
|
|
|
Total Investments Excluding
Purchased Options
(cost $8,686,471)
|
87.5
%
|
$8,683,547
|
|
Total Purchased Options
(cost $10,937)
|
0.1
%
|
$10,500
|
|
Total Investments
(cost $8,697,408)
|
87.6
%
|
$8,694,047
|
|
Other Assets and Liabilities
|
12.4
%
|
1,226,433
|
|
Net Assets
|
100.0
%
|
$9,920,480
|
(1)
|
The rate shown represents current yield to maturity.
|
Exchange-Traded Option Contracts Outstanding at April 30, 2025
|
|||||||||
Description
|
Exercise Price/
FX Rate/ Rate
|
Expiration
Date
|
Number of
Contracts
|
Notional
Amount
|
Value†
|
Premiums
Paid
(Received)
by Fund
|
Unrealized
Appreciation/
(Depreciation)
|
||
Purchased option contracts:
|
|||||||||
Exchange-Traded Option
|
|||||||||
Light Sweet Crude Oil Future Option
|
55.00
|
USD
|
05/15/2025
|
7
|
USD
|
7,000
|
$10,500
|
$10,937
|
$(437
)
|
Total purchased exchange-traded option contracts
|
$10,500
|
$10,937
|
$(437
)
|
Futures Contracts Outstanding at April 30, 2025
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Long position contracts:
|
||||
Brent Crude Oil Future
|
1
|
05/30/2025
|
$61,060
|
$(7,882
)
|
Brent Crude Oil Future
|
2
|
06/20/2025
|
115,240
|
(7,255
)
|
Coffee 'C' Future
|
4
|
07/21/2025
|
601,125
|
54,970
|
Coffee 'C' Future
|
2
|
07/29/2025
|
230,450
|
8,467
|
Corn Future
|
23
|
07/14/2025
|
546,825
|
(19,373
)
|
Cotton No. 2 Future
|
5
|
07/09/2025
|
165,050
|
(2,235
)
|
Gas Oil Future
|
4
|
07/10/2025
|
237,400
|
2,266
|
Gasoline RBOB Future
|
2
|
06/30/2025
|
167,387
|
3,585
|
Gold 100oz Future
|
3
|
06/26/2025
|
995,730
|
113,781
|
Lean Hogs Future
|
5
|
06/13/2025
|
196,550
|
451
|
|
29
|
|
Futures Contracts Outstanding at April 30, 2025 – (continued)
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Long position contracts – (continued):
|
||||
Live Cattle Future
|
4
|
06/30/2025
|
$333,440
|
$18,135
|
LME Copper Future
|
1
|
05/19/2025
|
228,549
|
(10,226
)
|
LME Lead Future
|
2
|
05/19/2025
|
97,886
|
(1,150
)
|
LME Nickel Future
|
2
|
05/19/2025
|
183,240
|
(2,693
)
|
LME Nickel Future
|
1
|
07/14/2025
|
92,392
|
3,517
|
LME Primary Aluminum Future
|
10
|
05/19/2025
|
596,797
|
(67,526
)
|
LME Primary Aluminum Future
|
4
|
07/14/2025
|
239,864
|
1,327
|
LME Zinc Future
|
3
|
05/19/2025
|
192,768
|
(21,348
)
|
LME Zinc Future
|
1
|
07/14/2025
|
64,664
|
(1,416
)
|
Micro Copper Future
|
11
|
06/26/2025
|
126,747
|
3,611
|
Micro Gold Future
|
24
|
06/26/2025
|
796,584
|
55,578
|
Micro WTI Crude Oil Future
|
33
|
06/18/2025
|
190,146
|
(13,479
)
|
Natural Gas Future
|
10
|
05/29/2025
|
263,594
|
(10,638
)
|
Natural Gas Future
|
25
|
06/26/2025
|
908,750
|
(55,777
)
|
NY Harbor ULSD Future
|
2
|
06/30/2025
|
166,740
|
(804
)
|
Silver Future
|
3
|
07/29/2025
|
492,420
|
37,906
|
Soybean Future
|
7
|
07/14/2025
|
365,575
|
(670
)
|
Soybean Meal Future
|
11
|
07/14/2025
|
327,800
|
(3,148
)
|
Soybean Oil Future
|
25
|
07/14/2025
|
734,550
|
35,923
|
Wheat Future
|
10
|
07/14/2025
|
265,375
|
(13,698
)
|
Wheat Future
|
6
|
07/14/2025
|
158,850
|
(14,184
)
|
World Sugar No. 11 Future
|
13
|
06/30/2025
|
251,160
|
(11,770
)
|
Total
|
|
|
|
$74,245
|
Short position contracts:
|
||||
LME Copper Future
|
(1)
|
05/19/2025
|
$(228,549
)
|
$17,356
|
LME Lead Future
|
(2)
|
05/19/2025
|
(97,886
)
|
(2,301
)
|
LME Nickel Future
|
(2)
|
05/19/2025
|
(183,240
)
|
277
|
LME Nickel Future
|
(1)
|
07/14/2025
|
(92,392
)
|
755
|
LME Primary Aluminum Future
|
(10)
|
05/19/2025
|
(596,797
)
|
30,180
|
LME Zinc Future
|
(3)
|
05/19/2025
|
(192,768
)
|
10,641
|
Total
|
|
|
|
$56,908
|
Total futures contracts
|
$131,153
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Common Stocks
|
$147,424
|
$147,424
|
$—
|
$—
|
Short-Term Investments
|
8,536,123
|
—
|
8,536,123
|
—
|
Purchased Options
|
10,500
|
—
|
10,500
|
—
|
Futures Contracts(2)
|
398,726
|
398,726
|
—
|
—
|
Total
|
$9,092,773
|
$546,150
|
$8,546,623
|
$—
|
Liabilities
|
|
|
|
|
Futures Contracts(2)
|
$(267,573
)
|
$(267,573
)
|
$—
|
$—
|
Total
|
$(267,573
)
|
$(267,573
)
|
$—
|
$—
|
(1)
|
For the period ended April 30, 2025, 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.
|
|
30
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7%
|
|||
|
Alabama - 2.3%
|
||
|
Black Belt Energy Gas Dist, AL, Rev
|
|
|
$ 2,680,000
|
4.00%, 06/01/2051(1)
|
$2,628,789
|
|
685,000
|
5.25%, 12/01/2053(1)
|
726,475
|
|
635,000
|
Energy Southeast A Cooperative Dist, AL, Rev
5.25%, 07/01/2054(1)
|
673,687
|
|
4,505,000
|
Southeast Energy Auth A Cooperative Dist, AL,
Rev 5.00%, 05/01/2055(1)
|
4,715,903
|
|
715,000
|
Town of Pike Road, AL, GO 5.00%, 03/01/2052
|
731,697
|
|
|
|
|
9,476,551
|
|
Arkansas - 1.8%
|
||
|
Arkansas Dev Finance Auth, AR, Rev,
|
|
|
3,290,000
|
(FHLMC), (FNMA), (GNMA) 5.00%, 07/01/2054
|
3,411,271
|
|
980,000
|
(FHLMC), (FNMA), (GNMA) 5.00%, 01/01/2055
|
1,020,805
|
|
2,530,000
|
(FHLMC), (FNMA), (GNMA) 5.50%, 01/01/2056
|
2,722,304
|
|
|
|
|
7,154,380
|
|
California - 2.0%
|
||
210,000
|
California Community Choice Financing Auth, CA,
Rev 5.00%, 02/01/2054(1)
|
220,063
|
|
2,330,000
|
California Infrastructure & Economic Dev Bank,
CA, Rev 5.25%, 07/01/2054
|
2,337,226
|
|
1,410,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 3.00%, 06/01/2046
|
1,227,724
|
|
2,310,000
|
Moreno Valley Unified School Dist, CA, GO,
(AGM) 4.13%, 08/01/2050
|
2,196,428
|
|
765,000
|
Oxnard School Dist, CA, GO, (BAM) 4.25%,
08/01/2053
|
746,510
|
|
450,000
|
Pittsburg Unified School Dist, CA, GO, (AGM)
4.25%, 08/01/2049
|
444,580
|
|
745,000
|
San Francisco Bay Area Rapid Transit Dist, CA,
GO 4.25%, 08/01/2052
|
712,691
|
|
70,000
|
Washington Township Health Care Dist, CA, GO,
(AGM) 4.50%, 08/01/2053
|
68,806
|
|
|
|
|
7,954,028
|
|
Colorado - 2.9%
|
||
6,000,000
|
Board of Water Commissioners City & County of
Denver, CO, Rev 5.00%, 09/15/2054
|
6,200,271
|
|
575,000
|
City & County of Denver Airport System, CO, Rev
5.25%, 11/15/2053
|
600,124
|
|
3,050,000
|
City & County of Denver, CO, Rev, (FNMA) 4.70%,
10/01/2042
|
3,094,490
|
|
535,000
|
City of Colorado Springs Utilities System, CO,
Rev 4.00%, 11/15/2051
|
492,591
|
|
1,225,000
|
Colorado Educational & Cultural Facs Auth, CO,
Rev, (BAM) 4.25%, 07/01/2054
|
1,080,595
|
|
315,000
|
Colorado Housing & Finance Auth, CO, Rev,
(FHLMC), (FNMA), (GNMA) 3.50%, 05/01/2050
|
312,128
|
|
|
|
|
11,780,199
|
|
Connecticut - 0.3%
|
||
75,000
|
Connecticut Housing Finance Auth, CT, Rev,
(FHLMC), (FNMA), (GNMA) 4.25%, 05/15/2042
|
75,265
|
|
1,150,000
|
Waterbury Housing Auth, CT, Rev, (HUD),
(FHLMC) 4.50%, 02/01/2042
|
1,153,234
|
|
|
|
|
1,228,499
|
|
District of Columbia - 1.0%
|
||
2,000,000
|
Dist of Columbia Housing Finance Agency, DC,
Rev, (FNMA) 4.88%, 09/01/2045
|
1,949,903
|
|
2,090,000
|
Dist of Columbia Water & Sewer Auth, DC, Rev
4.00%, 10/01/2047
|
1,894,267
|
|
340,000
|
Metropolitan Washington Airports Auth, Dulles Toll
Road, DC, Rev 5.00%, 10/01/2034
|
354,423
|
|
|
|
|
4,198,593
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Florida - 2.2%
|
||
$ 280,000
|
City of Cape Coral Water & Sewer, FL, Rev,
(BAM) 5.25%, 10/01/2053
|
$295,593
|
|
2,745,000
|
County of Broward Convention Center Hotel, FL,
Rev 4.00%, 01/01/2051
|
2,538,336
|
|
410,000
|
Florida Dev Finance Corp., FL, Rev 5.25%,
08/01/2055
|
414,655
|
|
|
Florida Housing Finance Corp., FL, Rev,
|
|
|
40,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2051
|
39,248
|
|
630,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2052
|
614,277
|
|
275,000
|
(FHLMC), (FNMA), (GNMA) 3.50%, 07/01/2051
|
272,316
|
|
100,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2049
|
99,997
|
|
1,865,000
|
Miami-Dade County Housing Finance Auth, FL,
Rev, (FNMA), (HUD) 4.88%, 03/01/2046
|
1,834,101
|
|
2,675,000
|
Orange County Health Facs Auth, FL, Rev 5.25%,
10/01/2056
|
2,739,706
|
|
|
|
|
8,848,229
|
|
Georgia - 4.6%
|
||
|
Main Street Natural Gas, Inc., GA, Rev
|
|
|
485,000
|
4.00%, 05/01/2052(1)
|
482,947
|
|
1,525,000
|
5.00%, 12/01/2053(1)
|
1,599,094
|
|
615,000
|
5.00%, 05/01/2054(1)
|
646,714
|
|
5,535,000
|
5.00%, 05/01/2055(1)
|
5,744,368
|
|
1,165,000
|
5.00%, 06/01/2055(1)
|
1,229,792
|
|
3,835,000
|
Municipal Electric Auth of Georgia, GA, Rev,
(BAM) 5.25%, 01/01/2054
|
4,009,343
|
|
4,960,000
|
Valdosta & Lowndes County Hospital Auth, GA,
Rev 5.00%, 10/01/2054
|
5,068,379
|
|
|
|
|
18,780,637
|
|
Hawaii - 0.5%
|
||
2,145,000
|
State of Hawaii Airports System, HI, Rev 5.00%,
07/01/2049
|
2,223,131
|
|
|
Idaho - 0.7%
|
||
3,225,000
|
Idaho Housing & Finance Association, ID, Rev
4.00%, 08/15/2050
|
2,924,585
|
|
|
Illinois - 1.2%
|
||
1,940,000
|
Chicago O'Hare International Airport, IL, Rev
5.50%, 01/01/2059
|
2,041,125
|
|
|
Illinois Housing Dev Auth, IL, Rev,
|
|
|
335,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 10/01/2051
|
325,675
|
|
570,000
|
(FHLMC), (FNMA), (GNMA) 3.75%, 04/01/2050
|
568,208
|
|
530,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 10/01/2049
|
530,087
|
|
45,000
|
(FHLMC), (FNMA), (GNMA) 4.50%, 10/01/2048
|
45,365
|
|
1,255,000
|
Metropolitan Pier & Exposition Auth, IL, Rev
5.00%, 06/15/2053
|
1,229,419
|
|
|
|
|
4,739,879
|
|
Indiana - 0.7%
|
||
1,305,000
|
Indiana Finance Auth, IN, Rev 5.50%, 10/01/2055
|
1,381,556
|
|
|
Indiana Housing & Community Dev Auth, IN, Rev,
|
|
|
670,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 07/01/2050
|
655,104
|
|
45,000
|
(GNMA) 4.00%, 07/01/2048
|
45,007
|
|
705,000
|
Indianapolis Local Public Improvement Bond
Bank, IN, Rev 5.00%, 01/01/2053
|
714,190
|
|
|
|
|
2,795,857
|
|
Iowa - 0.5%
|
||
|
Iowa Finance Auth, IA, Rev,
|
|
|
745,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2047
|
732,773
|
|
190,000
|
(FHLMC), (FNMA), (GNMA) 3.25%, 07/01/2050
|
187,065
|
|
25,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2048
|
25,004
|
|
915,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 07/01/2052
|
914,133
|
|
|
|
|
1,858,975
|
|
31
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Kentucky - 1.8%
|
||
|
Kentucky Public Energy Auth, KY, Rev
|
|
|
$ 2,510,000
|
5.00%, 01/01/2055(1)
|
$2,628,284
|
|
2,285,000
|
5.25%, 04/01/2054(1)
|
2,427,771
|
|
1,955,000
|
5.25%, 06/01/2055(1)
|
2,052,405
|
|
|
|
|
7,108,460
|
|
Louisiana - 0.6%
|
||
5,000
|
Louisiana Housing Corp., LA, Rev 4.50%,
12/01/2047
|
5,029
|
|
1,385,000
|
Louisiana Local Government Environmental Facs
& Community Dev Auth, LA, Rev 2.50%,
04/01/2036
|
1,116,736
|
|
1,255,000
|
Louisiana Stadium & Exposition Dist, LA, Rev
5.25%, 07/01/2053
|
1,286,036
|
|
|
|
|
2,407,801
|
|
Maryland - 0.8%
|
||
2,650,000
|
Maryland Community Dev Administration, MD,
Rev, (FNMA) 4.35%, 02/01/2044
|
2,576,500
|
|
625,000
|
Maryland State Transportation Auth, MD, Rev
4.00%, 07/01/2050
|
570,918
|
|
|
|
|
3,147,418
|
|
Massachusetts - 1.2%
|
||
|
Commonwealth of Massachusetts, MA, GO
|
|
|
120,000
|
3.00%, 02/01/2048
|
88,592
|
|
3,685,000
|
5.00%, 05/01/2053
|
3,798,080
|
|
1,180,000
|
Massachusetts Bay Transportation Auth Sales
Tax, MA, Rev 4.00%, 07/01/2053
|
1,070,650
|
|
|
|
|
4,957,322
|
|
Michigan - 1.4%
|
||
700,000
|
Cedar Springs Public School Dist, MI, GO,
(Q-SBLF) 4.50%, 05/01/2049
|
690,023
|
|
770,000
|
Ferndale Public Schools, MI, GO, (Q-SBLF)
5.00%, 05/01/2053
|
788,392
|
|
1,500,000
|
Fraser Public School Dist, MI, GO, (Q-SBLF)
5.00%, 05/01/2048
|
1,530,077
|
|
|
Grosse Ile Township School Dist, MI, GO,
|
|
|
540,000
|
(Q-SBLF) 5.00%, 05/01/2049
|
551,467
|
|
625,000
|
(Q-SBLF) 5.00%, 05/01/2052
|
635,751
|
|
40,000
|
Michigan State Housing Dev Auth, MI, Rev
3.75%, 06/01/2050
|
39,908
|
|
1,515,000
|
Wayne County Airport Auth, MI, Rev, (AGM)
5.25%, 12/01/2048
|
1,590,099
|
|
|
|
|
5,825,717
|
|
Minnesota - 0.1%
|
||
435,000
|
Minneapolis-St. Paul Metropolitan Airports
Commission, MN, Rev 4.25%, 01/01/2052
|
399,923
|
|
70,000
|
Minnesota Housing Finance Agency, MN, Rev,
(FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2051
|
68,477
|
|
|
|
|
468,400
|
|
Mississippi - 0.4%
|
||
|
Mississippi Home Corp., MS, Rev,
|
|
|
155,000
|
(FHLMC), (FNMA), (GNMA) 3.25%, 12/01/2050
|
152,800
|
|
1,600,000
|
(FNMA), (HUD) 4.55%, 04/01/2042
|
1,603,206
|
|
|
|
|
1,756,006
|
|
Missouri - 4.0%
|
||
14,460,000
|
Health & Educational Facs Auth of the State of
Missouri, MO, Rev 4.25%, 04/01/2055
|
13,246,891
|
|
|
Missouri Housing Dev Commission, MO, Rev,
|
|
|
510,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 05/01/2052
|
498,133
|
|
305,000
|
(FHLMC), (FNMA), (GNMA) 3.25%, 05/01/2051
|
299,975
|
|
120,000
|
(FHLMC), (FNMA), (GNMA) 3.50%, 11/01/2050
|
118,787
|
|
165,000
|
(FHLMC), (FNMA), (GNMA) 3.88%, 05/01/2050
|
164,955
|
|
70,000
|
(FHLMC), (FNMA), (GNMA) 4.25%, 05/01/2049
|
70,285
|
|
55,000
|
(FHLMC), (FNMA), (GNMA) 4.75%, 05/01/2049
|
55,604
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Missouri - 4.0% - (continued)
|
||
$ 385,000
|
St. Charles County Francis Howell R-III School
Dist, MO, GO 2.00%, 03/01/2037
|
$288,533
|
|
1,575,000
|
St. Charles County Industrial Dev Auth, MO, Rev,
(FNMA), (HUD) 4.65%, 04/01/2043
|
1,571,133
|
|
|
|
|
16,314,296
|
|
Nebraska - 0.0%
|
||
40,000
|
Nebraska Investment Finance Auth, NE, Rev
4.00%, 09/01/2048
|
40,038
|
|
|
Nevada - 0.4%
|
||
|
Nevada Housing Division, NV, Rev,
|
|
|
685,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 04/01/2049
|
685,111
|
|
60,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 10/01/2049
|
60,062
|
|
950,000
|
Reno-Tahoe Airport Auth, NV, Rev 5.25%,
07/01/2054
|
987,935
|
|
|
|
|
1,733,108
|
|
New Jersey - 0.4%
|
||
1,715,000
|
New Jersey Housing & Mortgage Finance Agency,
NJ, Rev, (FNMA) 4.55%, 05/01/2041
|
1,740,234
|
|
|
New Mexico - 4.0%
|
||
|
New Mexico Mortgage Finance Auth, NM, Rev,
|
|
|
585,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2051
|
571,312
|
|
1,470,000
|
(FHLMC), (FNMA), (GNMA) 3.00%, 01/01/2052
|
1,429,620
|
|
90,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 01/01/2049
|
90,058
|
|
775,000
|
(FHLMC), (FNMA), (GNMA) 4.00%, 01/01/2050
|
775,763
|
|
1,735,000
|
(FHLMC), (FNMA), (GNMA) 4.25%, 03/01/2053
|
1,744,552
|
|
8,010,000
|
(FHLMC), (FNMA), (GNMA) 5.50%, 09/01/2055
|
8,538,716
|
|
2,975,000
|
New Mexico Municipal Energy Acquisition Auth,
NM, Rev 5.00%, 06/01/2054(1)
|
3,116,554
|
|
|
|
|
16,266,575
|
|
New York - 4.3%
|
||
1,130,000
|
City of New York, NY, GO 4.00%, 04/01/2050
|
1,004,098
|
|
1,500,000
|
New York City Municipal Water Finance Auth, NY,
Rev 4.00%, 06/15/2054
|
1,353,558
|
|
1,890,000
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev 4.00%, 02/01/2051
|
1,706,438
|
|
225,000
|
New York City Transitional Finance Auth, NY, Rev
4.38%, 05/01/2053
|
212,065
|
|
2,000,000
|
New York Power Auth, NY, Rev 4.00%,
11/15/2054
|
1,783,375
|
|
|
New York State Dormitory Auth, NY, Rev
|
|
|
950,000
|
3.00%, 03/15/2038
|
807,448
|
|
5,000,000
|
4.00%, 05/01/2054
|
4,253,913
|
|
2,630,000
|
New York State Housing Finance Agency, NY,
Rev, (FHLMC) 3.57%, 05/01/2042(1)
|
2,549,909
|
|
|
Triborough Bridge & Tunnel Auth Sales Tax, NY,
Rev
|
|
|
1,560,000
|
5.00%, 05/15/2053
|
1,603,802
|
|
1,365,000
|
5.25%, 05/15/2064
|
1,421,989
|
|
605,000
|
Triborough Bridge & Tunnel Auth, NY, Rev 4.50%,
05/15/2052
|
604,214
|
|
|
|
|
17,300,809
|
|
North Carolina - 1.1%
|
||
3,145,000
|
City of Charlotte Storm Water, NC, Rev 4.00%,
12/01/2054
|
2,870,190
|
|
|
Raleigh Housing Auth, NC, Rev,
|
|
|
120,000
|
(FNMA) 4.40%, 12/01/2043
|
118,342
|
|
1,680,000
|
(FNMA) 4.50%, 02/01/2043
|
1,657,415
|
|
|
|
|
4,645,947
|
|
Ohio - 1.8%
|
||
880,000
|
Columbus-Franklin County Finance Auth, OH,
Rev, (FNMA) 4.82%, 11/01/2043
|
878,440
|
|
32
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Ohio - 1.8% - (continued)
|
||
$ 3,015,000
|
Fairborn City School Dist, OH, GO 5.25%,
12/01/2053
|
$3,125,566
|
|
|
Ohio Housing Finance Agency, OH, Rev,
|
|
|
765,000
|
(FHLMC), (FNMA), (GNMA) 3.25%, 03/01/2050
|
753,620
|
|
20,000
|
(FHLMC), (FNMA), (GNMA) 4.50%, 09/01/2048
|
20,145
|
|
420,000
|
(FNMA), (HUD) 4.55%, 04/01/2041
|
426,269
|
|
295,000
|
Ohio Turnpike & Infrastructure Commission, OH,
Rev 0.00%, 02/15/2041(2)
|
139,706
|
|
1,840,000
|
Pickerington Local School Dist, OH, GO 5.00%,
12/01/2053
|
1,895,048
|
|
|
|
|
7,238,794
|
|
Oklahoma - 0.0%
|
||
95,000
|
Oklahoma Housing Finance Agency, OK, Rev,
(FHLMC), (FNMA), (GNMA) 4.00%, 03/01/2050
|
95,106
|
|
|
Oregon - 1.3%
|
||
5,000,000
|
Astoria Hospital Facs Auth, OR, Rev 5.25%,
08/01/2054
|
5,071,036
|
|
|
Pennsylvania - 1.1%
|
||
600,000
|
Allegheny County Airport Auth, PA, Rev, (AGM)
5.25%, 01/01/2053
|
625,773
|
|
145,000
|
Allegheny County Sanitary Auth, PA, Rev 5.00%,
06/01/2053
|
147,414
|
|
3,700,000
|
Philadelphia Gas Works Co., PA, Rev, (AGC)
5.25%, 08/01/2054
|
3,865,202
|
|
|
|
|
4,638,389
|
|
Rhode Island - 0.4%
|
||
|
Rhode Island Health & Educational Building
Corp., RI, Rev,
|
|
|
875,000
|
(ST AID WITHHLDG) 4.13%, 05/15/2054
|
808,935
|
|
630,000
|
5.25%, 05/15/2054
|
636,489
|
|
|
|
|
1,445,424
|
|
South Carolina - 2.3%
|
||
2,500,000
|
Inman Campobello Water Dist, SC, Rev, (BAM)
5.00%, 06/01/2048
|
2,564,148
|
|
3,135,000
|
Patriots Energy Group Financing Agency, SC, Rev
5.25%, 10/01/2054(1)
|
3,279,691
|
|
2,160,000
|
South Carolina Jobs-Economic Dev Auth, SC, Rev
5.25%, 11/01/2054
|
2,262,080
|
|
475,000
|
South Carolina Public Service Auth, SC, Rev,
(AGC) 5.00%, 12/01/2055
|
478,078
|
|
870,000
|
South Carolina State Housing Finance & Dev
Auth, SC, Rev, (FNMA) 4.80%, 05/01/2043
|
861,416
|
|
45,000
|
Tobacco Settlement Management Auth, SC, Rev
6.38%, 05/15/2030
|
50,523
|
|
|
|
|
9,495,936
|
|
Tennessee - 2.2%
|
||
960,000
|
Chattanooga Health Educational & Housing
Facility Board, TN, Rev 5.25%, 12/01/2054
|
978,211
|
|
2,735,000
|
Cleveland Health & Educational Facs Board, TN,
Rev 5.25%, 08/15/2054
|
2,841,170
|
|
515,000
|
County of Putnam, TN, GO 2.00%, 04/01/2037
|
387,004
|
|
425,000
|
Knox County Health Educational & Housing
Facility Board, TN, Rev, (FNMA) 4.63%,
12/01/2043
|
422,512
|
|
|
Metropolitan Government Nashville & Davidson
County Health & Educational Facs Board, TN,
Rev,
|
|
|
1,805,000
|
(FNMA) 4.60%, 12/01/2044
|
1,802,585
|
|
10,000
|
(NPFG) 4.88%, 11/01/2028
|
10,319
|
|
|
Metropolitan Nashville Airport Auth, TN, Rev
|
|
|
350,000
|
5.00%, 07/01/2049
|
352,545
|
|
305,000
|
5.00%, 07/01/2052
|
309,784
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Tennessee - 2.2% - (continued)
|
||
$ 1,795,000
|
Tennergy Corp., TN, Rev 4.00%, 12/01/2051(1)
|
$1,791,248
|
|
40,000
|
Tennessee Housing Dev Agency, TN, Rev 4.50%,
07/01/2049
|
40,294
|
|
|
|
|
8,935,672
|
|
Texas - 28.4%
|
||
3,545,000
|
Aldine Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
3,171,512
|
|
610,000
|
Alvarado Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
545,381
|
|
|
Arlington Higher Education Finance Corp., TX,
Rev,
|
|
|
2,000,000
|
(PSF-GTD) 4.13%, 08/15/2054
|
1,777,609
|
|
700,000
|
(PSF-GTD) 4.25%, 12/01/2048
|
656,922
|
|
200,000
|
(PSF-GTD) 4.25%, 12/01/2053
|
185,954
|
|
680,000
|
(PSF-GTD) 5.00%, 08/15/2033
|
713,496
|
|
200,000
|
(PSF-GTD) 5.00%, 08/15/2048
|
205,824
|
|
1,840,000
|
Azle Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
1,643,469
|
|
|
Bexar County Hospital Dist, TX, GO
|
|
|
635,000
|
4.25%, 02/15/2052
|
588,959
|
|
1,405,000
|
4.25%, 02/15/2053
|
1,299,167
|
|
1,235,000
|
Bullard Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2052
|
1,104,174
|
|
1,235,000
|
Carrizo Springs Consolidated Independent School
Dist, TX, GO, (PSF-GTD) 5.00%, 08/15/2049
|
1,275,916
|
|
4,825,000
|
Chapel Hill Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2048
|
4,992,821
|
|
755,000
|
City of Dallas Housing Finance Corp., TX, Rev
4.63%, 10/01/2043
|
750,510
|
|
390,000
|
City of Georgetown Utility System, TX, Rev,
(BAM) 5.25%, 08/15/2053
|
406,525
|
|
790,000
|
Cleburne Independent School Dist, TX, GO,
(PSF-GTD) 3.00%, 02/15/2046
|
582,957
|
|
|
Clifton Higher Education Finance Corp., TX, Rev,
|
|
|
545,000
|
(PSF-GTD) 4.25%, 04/01/2053
|
505,532
|
|
765,000
|
(PSF-GTD) 4.25%, 08/15/2053
|
704,759
|
|
765,000
|
College of the Mainland, TX, GO 4.00%,
08/15/2049
|
675,231
|
|
1,190,000
|
Columbia-Brazoria Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 02/01/2053
|
1,059,972
|
|
|
Community Independent School Dist, TX, GO,
|
|
|
330,000
|
(PSF-GTD) 5.00%, 02/15/2048
|
340,898
|
|
905,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
928,581
|
|
5,000,000
|
County of Harris Toll Road, TX, Rev 5.25%,
08/15/2054
|
5,235,911
|
|
505,000
|
County of Harris, TX, GO 5.00%, 10/01/2038
|
514,496
|
|
4,635,000
|
Crowley Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2054
|
4,322,350
|
|
825,000
|
Dallas Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
739,505
|
|
2,165,000
|
Denison Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/01/2053
|
1,926,418
|
|
375,000
|
Donna Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/15/2053
|
341,220
|
|
1,135,000
|
Forney Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 08/15/2053
|
1,009,846
|
|
380,000
|
Fort Worth Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2048
|
348,305
|
|
|
Georgetown Independent School Dist, TX, GO,
|
|
|
690,000
|
(PSF-GTD) 2.50%, 08/15/2037
|
551,734
|
|
970,000
|
(PSF-GTD) 5.00%, 02/15/2054
|
997,251
|
|
1,535,000
|
Humble Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
1,362,168
|
|
1,280,000
|
Hurst-Euless-Bedford Independent School Dist,
TX, GO, (PSF-GTD) 4.00%, 08/15/2050
|
1,162,381
|
|
33
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Texas - 28.4% - (continued)
|
||
$ 6,605,000
|
Judson Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/01/2053
|
$6,761,193
|
|
1,085,000
|
Katy Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
966,365
|
|
930,000
|
Kaufman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2054
|
954,774
|
|
|
Lamar Consolidated Independent School Dist, TX,
GO,
|
|
|
365,000
|
(PSF-GTD) 3.00%, 02/15/2051
|
255,955
|
|
1,090,000
|
(PSF-GTD) 4.00%, 02/15/2048
|
989,048
|
|
5,605,000
|
(PSF-GTD) 5.00%, 02/15/2053
|
5,743,666
|
|
1,030,000
|
Liberty Hill Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 02/01/2053
|
937,280
|
|
590,000
|
Lockhart Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 08/01/2053
|
539,881
|
|
4,720,000
|
McGregor Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2054
|
4,852,603
|
|
2,165,000
|
Medina Valley Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
1,928,277
|
|
1,850,000
|
Midland Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
1,652,400
|
|
|
Montgomery Independent School Dist, TX, GO,
|
|
|
115,000
|
(PSF-GTD) 4.00%, 02/15/2053
|
102,426
|
|
745,000
|
(PSF-GTD) 4.25%, 02/15/2052
|
704,282
|
|
580,000
|
Navarro Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
514,695
|
|
4,210,000
|
New Caney Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2054
|
3,748,125
|
|
20,000
|
Newark Higher Education Finance Corp., TX, Rev,
(PSF-GTD) 5.00%, 08/15/2052
|
20,240
|
|
990,000
|
Northside Independent School Dist, TX, GO,
(PSF-GTD) 4.13%, 08/15/2053
|
905,851
|
|
1,250,000
|
Pewitt Consolidated Independent School Dist, TX,
GO, (PSF-GTD) 4.00%, 02/15/2053
|
1,113,324
|
|
575,000
|
Prosper Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
513,767
|
|
1,705,000
|
Rockwall Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
1,518,574
|
|
1,105,000
|
Royal Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/15/2053
|
1,028,363
|
|
185,000
|
Sabine-Neches Navigation Dist, TX, GO 5.25%,
02/15/2052
|
189,980
|
|
1,750,000
|
Sherman Independent School Dist, TX, GO,
(PSF-GTD) 5.00%, 02/15/2053
|
1,801,373
|
|
805,000
|
Temple Independent School Dist, TX, GO,
(PSF-GTD) 4.25%, 02/01/2047
|
773,116
|
|
|
Texas Department of Housing & Community
Affairs, TX, Rev,
|
|
|
545,000
|
(GNMA) 3.00%, 01/01/2052
|
531,019
|
|
225,000
|
(GNMA) 3.50%, 03/01/2051
|
221,912
|
|
80,000
|
(GNMA) 4.00%, 03/01/2050
|
79,977
|
|
40,000
|
(GNMA) 4.75%, 03/01/2049
|
40,376
|
|
3,760,000
|
(GNMA) 5.75%, 01/01/2056
|
4,080,630
|
|
330,000
|
Texas Municipal Gas Acquisition & Supply Corp.
III, TX, Rev 5.00%, 12/15/2028
|
340,957
|
|
12,240,000
|
Texas Municipal Gas Acquisition & Supply Corp.
V, TX, Rev 5.00%, 01/01/2055(1)
|
12,723,904
|
|
5,000,000
|
Texas State University System, TX, Rev 5.25%,
03/15/2054
|
5,209,519
|
|
|
Texas Water Dev Board, TX, Rev
|
|
|
285,000
|
4.80%, 10/15/2052
|
289,569
|
|
5,000,000
|
5.00%, 10/15/2053
|
5,171,545
|
Shares or Principal Amount
|
|
Market Value†
|
|
MUNICIPAL BONDS - 88.7% - (continued)
|
|||
|
Texas - 28.4% - (continued)
|
||
$ 6,000,000
|
Waxahachie Independent School Dist, TX, GO,
(PSF-GTD) 4.00%, 02/15/2053
|
$5,378,218
|
|
440,000
|
White Settlement Independent School Dist, TX,
GO, (PSF-GTD) 4.13%, 08/15/2052
|
403,884
|
|
|
|
|
115,614,822
|
|
Utah - 4.4%
|
||
11,405,000
|
County of Iron Sales Tax, UT, Rev 5.00%,
10/01/2059
|
11,778,226
|
|
5,920,000
|
Timpanogos Special Service Dist, UT, Rev 5.00%,
06/01/2054
|
6,158,575
|
|
|
|
|
17,936,801
|
|
Virginia - 4.9%
|
||
|
FHLMC Multifamily VRD Certificates, VA, Rev
|
|
|
8,564,592
|
4.10%, 11/25/2042(1)
|
8,401,200
|
|
10,640,898
|
(FHLMC) 4.76%, 08/25/2041
|
11,008,183
|
|
365,000
|
Hampton Roads Transportation Accountability
Commission, VA, Rev 4.00%, 07/01/2052
|
327,419
|
|
|
|
|
19,736,802
|
|
Washington - 0.1%
|
||
455,000
|
King County Public Hospital Dist No. 2, WA, GO
5.25%, 12/01/2045
|
474,089
|
|
90,000
|
Washington State Housing Finance Commission,
WA, Rev 4.00%, 12/01/2048
|
90,015
|
|
|
|
|
564,104
|
|
Wisconsin - 0.6%
|
||
2,535,000
|
Public Finance Auth, WI, Rev, (FHLMC) 4.10%,
09/25/2039
|
2,393,986
|
|
|
Wyoming - 0.0%
|
||
45,000
|
Wyoming Community Dev Auth, WY, Rev 4.00%,
06/01/2043
|
45,007
|
|
|
Total Municipal Bonds
(cost $373,797,231)
|
|
$360,887,553
|
U.S. GOVERNMENT AGENCIES - 5.5%
|
|||
|
Mortgage-Backed Agencies - 5.5%
|
||
|
Federal Home Loan Mortgage Corp. - 5.5%
|
||
4,166,848
|
4.05%, 08/01/2040
|
$4,063,525
|
|
9,518,024
|
4.30%, 05/25/2041(1)
|
9,145,019
|
|
9,203,199
|
4.70%, 04/25/2042(1)(3)
|
9,222,245
|
|
|
Total U.S. Government Agencies
(cost $22,964,074)
|
|
$22,430,789
|
|
Total Long-Term Investments
(cost $396,761,305)
|
|
$383,318,342
|
SHORT-TERM INVESTMENTS - 4.8%
|
|||
|
U.S. Treasury Securities - 4.8%
|
||
|
U.S. Treasury Bills - 4.8%
|
||
15,784,000
|
3.90%, 02/19/2026(4)
|
$15,297,392
|
|
4,346,200
|
3.95%, 01/22/2026(4)
|
4,223,547
|
|
|
Total Short-Term Investments
(cost $19,507,141)
|
$19,520,939
|
|
|
Total Investments
(cost $416,268,446)
|
99.0
%
|
$402,839,281
|
|
Other Assets and Liabilities
|
1.0
%
|
3,904,624
|
|
Net Assets
|
100.0
%
|
$406,743,905
|
|
34
|
|
(1)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
(2)
|
Security is a zero-coupon bond.
|
(3)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of this security was
$9,222,245, representing 2.3% of net assets.
|
(4)
|
The rate shown represents current yield to maturity.
|
Futures Contracts Outstanding at April 30, 2025
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Short position contracts:
|
||||
U.S. Treasury Long Bond Future
|
(115)
|
06/18/2025
|
$(13,411,875
)
|
$(417,098
)
|
Total futures contracts
|
$(417,098
)
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Municipal Bonds
|
$360,887,553
|
$—
|
$360,887,553
|
$—
|
U.S. Government Agencies
|
22,430,789
|
—
|
22,430,789
|
—
|
Short-Term Investments
|
19,520,939
|
—
|
19,520,939
|
—
|
Total
|
$402,839,281
|
$—
|
$402,839,281
|
$—
|
Liabilities
|
|
|
|
|
Futures Contracts(2)
|
$(417,098
)
|
$(417,098
)
|
$—
|
$—
|
Total
|
$(417,098
)
|
$(417,098
)
|
$—
|
$—
|
(1)
|
For the period ended April 30, 2025, 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.
|
|
35
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.8%
|
|||
|
Asset-Backed - Automobile - 5.6%
|
||
$ 1,155,000
|
Ally Auto Receivables Trust 3.45%,
06/15/2027
|
$1,146,773
|
|
1,130,000
|
AmeriCredit Automobile Receivables Trust
5.57%, 03/20/2028
|
1,143,821
|
|
|
Avis Budget Rental Car Funding
AESOP LLC
|
|
|
100,000
|
7.32%, 02/20/2028(1)
|
99,956
|
|
100,000
|
7.35%, 04/20/2028(1)
|
99,268
|
|
190,000
|
Bridgecrest Lending Auto Securitization
Trust 4.72%, 09/15/2028
|
190,335
|
|
630,000
|
Enterprise Fleet Financing LLC 5.06%,
03/20/2031(1)
|
643,793
|
|
|
Exeter Automobile Receivables Trust
|
|
|
1,145,000
|
4.67%, 08/15/2028
|
1,146,859
|
|
81,504
|
5.31%, 08/16/2027
|
81,578
|
|
205,000
|
GM Financial Consumer Automobile
Receivables Trust 4.73%, 08/16/2030
|
208,180
|
|
|
Hertz Vehicle Financing III LLC
|
|
|
250,000
|
7.98%, 09/25/2029(1)
|
244,731
|
|
260,000
|
9.13%, 06/25/2027(1)
|
261,208
|
|
250,000
|
Hertz Vehicle Financing LLC 5.16%,
06/26/2028(1)
|
235,469
|
|
150,000
|
Prestige Auto Receivables Trust 6.75%,
11/17/2031(1)
|
146,396
|
|
65,291
|
Securitized Term Auto Receivables Trust
6.75%, 07/25/2031(1)
|
66,012
|
|
585,000
|
SFS Auto Receivables Securitization Trust
5.33%, 11/20/2029(1)
|
592,131
|
|
540,000
|
Wheels Fleet Lease Funding 1 LLC 4.80%,
09/19/2039(1)
|
543,141
|
|
|
|
|
6,849,651
|
|
Commercial Mortgage-Backed Securities - 4.4%
|
||
130,000
|
280 Park Avenue Mortgage Trust 6.72%,
09/15/2034, 1 mo. USD Term SOFR +
2.42%(1)(2)
|
122,219
|
|
80,000
|
ARZ Trust 8.27%, 06/11/2029(1)
|
80,909
|
|
100,000
|
BAMLL Commercial Mortgage Securities
Trust 3.84%, 11/05/2032(1)(3)
|
75,646
|
|
100,000
|
BOCA Commercial Mortgage Trust 8.76%,
08/15/2041, 1 mo. USD Term SOFR +
4.44%(1)(2)
|
97,772
|
|
|
BPR Trust
|
|
|
30,000
|
5.85%, 11/05/2041(1)(3)
|
27,231
|
|
90,000
|
8.63%, 10/05/2038(1)(3)
|
93,664
|
|
430,000
|
BX Trust 7.58%, 10/15/2036, 1 mo. USD
Term SOFR + 3.26%(1)(2)
|
421,698
|
|
75,000
|
Citigroup Commercial Mortgage Trust
3.00%, 11/15/2049(1)
|
56,598
|
|
|
Commercial Mortgage Trust
|
|
|
324,127
|
4.66%, 08/10/2047(1)(3)
|
310,806
|
|
114,000
|
8.19%, 12/10/2041(1)(3)
|
107,206
|
|
60,000
|
CSAIL Commercial Mortgage Trust 4.49%,
08/15/2048(3)
|
51,985
|
|
|
DC Trust
|
|
|
200,000
|
8.78%, 04/13/2040(1)(3)
|
201,398
|
|
85,000
|
10.66%, 04/13/2040(1)(3)
|
85,773
|
|
215,000
|
GS Mortgage Securities Corp. II 7.53%,
03/10/2041(1)(3)
|
214,728
|
|
121,642
|
GS Mortgage Securities Corp. Trust 2.95%,
11/05/2034(1)
|
104,679
|
|
71,017
|
GS Mortgage Securities Trust 4.63%,
02/10/2048(1)(3)
|
67,566
|
|
105,000
|
HIH Trust 8.51%, 10/15/2041, 1 mo. USD
Term SOFR + 4.19%(1)(2)
|
103,163
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.8% - (continued)
|
|||
|
Commercial Mortgage-Backed Securities - 4.4% - (continued)
|
||
|
HTL Commercial Mortgage Trust
|
|
|
$ 255,000
|
8.47%, 05/10/2039(1)(3)
|
$259,395
|
|
100,000
|
12.32%, 05/10/2039(1)(3)
|
103,217
|
|
327,345
|
JP Morgan Chase Commercial Mortgage
Securities Trust 5.05%, 12/15/2046(1)(3)
|
308,490
|
|
|
JPMBB Commercial Mortgage Securities
Trust
|
|
|
205,000
|
3.87%, 10/15/2048(1)(3)
|
183,413
|
|
275,000
|
4.20%, 09/15/2047(1)(3)
|
234,752
|
|
610,000
|
4.66%, 09/15/2047(3)
|
551,257
|
|
125,000
|
Morgan Stanley Bank of America Merrill
Lynch Trust 3.93%, 05/15/2046(1)(3)
|
112,187
|
|
125,000
|
Morgan Stanley Capital I Trust 3.91%,
09/09/2032(1)
|
110,871
|
|
270,000
|
NYC Commercial Mortgage Trust 7.86%,
02/15/2042, 1 mo. USD Term SOFR +
3.54%(1)(2)
|
262,406
|
|
305,000
|
ROCK Trust 8.82%, 11/13/2041(1)
|
318,849
|
|
140,000
|
TEXAS Commercial Mortgage Trust 7.41%,
04/15/2042, 1 mo. USD Term SOFR +
3.09%(1)(2)
|
139,005
|
|
175,000
|
Wells Fargo Commercial Mortgage Trust
4.63%, 09/15/2058(1)(3)
|
172,217
|
|
195,000
|
Willowbrook Mall 6.28%, 03/05/2035(1)(3)
|
175,407
|
|
225,000
|
Worldwide Plaza Trust 3.53%, 11/10/2036(1)
|
153,061
|
|
100,000
|
X-Caliber Funding LLC 8.57%, 01/15/2028,
1 mo. USD Term SOFR + 4.25%(1)(2)
|
99,912
|
|
|
|
|
5,407,480
|
|
Other Asset-Backed Securities - 3.1%
|
||
24,218
|
AASET U.S. Ltd. 3.84%, 01/16/2038(1)
|
21,917
|
|
150,000
|
AGL CLO 16 Ltd. 8.92%, 01/20/2035, 3 mo.
USD Term SOFR + 4.65%(1)(2)
|
139,235
|
|
305,000
|
Apidos CLO LIII Ltd. 0.00%, 07/20/2038,
3 mo. USD Term SOFR + 6.43%(1)(2)(4)
|
298,900
|
|
250,000
|
Ballyrock CLO 28 Ltd. 9.33%, 01/20/2038,
3 mo. USD Term SOFR + 5.00%(1)(2)
|
242,360
|
|
305,000
|
Battalion CLO XV Ltd. 7.53%, 01/17/2033,
3 mo. USD Term SOFR + 3.25%(1)(2)
|
290,113
|
|
430,000
|
Carlyle Global Market Strategies CLO Ltd.
10.52%, 04/20/2034, 3 mo. USD Term
SOFR + 6.25%(1)(2)
|
408,009
|
|
250,000
|
CIFC Funding Ltd. 8.58%, 04/27/2031,
3 mo. USD Term SOFR + 4.30%(1)(2)
|
241,889
|
|
236,659
|
ECAF I Ltd. 4.95%, 06/15/2040(1)
|
197,013
|
|
250,000
|
GoldenTree Loan Management U.S. CLO 16
Ltd. 8.77%, 01/20/2038, 3 mo. USD Term
SOFR + 4.50%(1)(2)
|
245,063
|
|
32,004
|
HINNT LLC 8.00%, 03/15/2043(1)
|
30,679
|
|
|
Home RE Ltd.
|
|
|
150,000
|
8.95%, 10/25/2033, 30 day USD SOFR
Average + 4.60%(1)(2)
|
154,072
|
|
165,000
|
9.85%, 10/25/2034, 30 day USD SOFR
Average + 5.50%(1)(2)
|
172,101
|
|
244,048
|
Horizon Aircraft Finance III Ltd. 4.46%,
11/15/2039(1)
|
188,690
|
|
250,000
|
OCP CLO Ltd. 8.67%, 07/20/2037, 3 mo.
USD Term SOFR + 4.40%(1)(2)
|
249,332
|
|
135,000
|
PEAC Solutions Receivables LLC 5.04%,
07/20/2032(1)
|
135,576
|
|
100,000
|
Tricon Residential Trust 4.13%,
07/17/2038(1)
|
97,324
|
|
25,000
|
VB-S1 Issuer LLC 8.87%, 05/15/2054(1)
|
26,161
|
|
36
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 17.8% - (continued)
|
|||
|
Other Asset-Backed Securities - 3.1% - (continued)
|
||
$ 350,000
|
Voya CLO Ltd. 7.52%, 10/15/2031, 3 mo.
USD Term SOFR + 3.26%(1)(2)
|
$345,311
|
|
290,000
|
Whetstone Park CLO Ltd. 10.68%,
01/20/2035, 3 mo. USD Term SOFR +
6.41%(1)(2)
|
287,362
|
|
|
|
|
3,771,107
|
|
Whole Loan Collateral CMO - 4.7%
|
||
50,000
|
Angel Oak Mortgage Trust 2.48%,
05/25/2066(1)(3)
|
36,385
|
|
435,000
|
CSMC Trust 4.46%, 05/25/2065(1)(3)
|
396,044
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
15,000
|
8.25%, 07/25/2043, 30 day USD SOFR
Average + 3.90%(1)(2)
|
15,664
|
|
430,000
|
10.35%, 10/25/2041, 30 day USD SOFR
Average + 6.00%(1)(2)
|
446,662
|
|
560,000
|
10.55%, 11/25/2041, 30 day USD SOFR
Average + 6.20%(1)(2)
|
584,210
|
|
424,000
|
11.35%, 04/25/2042, 30 day USD SOFR
Average + 7.00%(1)(2)
|
455,800
|
|
300,000
|
13.85%, 03/25/2042, 30 day USD SOFR
Average + 9.50%(1)(2)
|
332,625
|
|
24,404
|
16.22%, 08/25/2028, 30 day USD SOFR
Average + 11.86%(2)
|
26,009
|
|
20,000
|
16.35%, 06/25/2042, 30 day USD SOFR
Average + 12.00%(1)(2)
|
23,253
|
|
100,000
|
Imperial Fund Mortgage Trust 4.10%,
01/25/2057(1)(3)
|
75,670
|
|
160,000
|
Pret LLC 8.23%, 03/25/2055(1)(5)
|
158,224
|
|
|
PRET LLC
|
|
|
143,887
|
4.70%, 10/25/2051(1)(5)
|
142,209
|
|
210,174
|
7.97%, 09/25/2051(1)(5)
|
208,564
|
|
100,000
|
8.59%, 12/25/2054(1)(5)
|
100,501
|
|
265,000
|
8.72%, 10/25/2054(1)(5)
|
262,370
|
|
175,000
|
8.96%, 10/25/2054(1)(5)
|
174,009
|
|
|
PRPM LLC
|
|
|
145,000
|
8.47%, 04/25/2030(1)(5)
|
145,052
|
|
100,000
|
8.60%, 11/25/2029(1)(5)
|
98,772
|
|
100,000
|
8.84%, 11/25/2029(1)(5)
|
100,731
|
|
605,000
|
9.56%, 05/25/2030(1)(5)
|
606,621
|
|
430,000
|
RCO IX Mortgage LLC 9.13%,
04/25/2030(1)(5)
|
427,945
|
|
|
Verus Securitization Trust
|
|
|
135,000
|
3.04%, 09/25/2066(1)(3)
|
93,104
|
|
100,000
|
6.77%, 10/25/2067(1)(3)
|
98,443
|
|
429,802
|
VOLT CII LLC 4.21%, 08/25/2051(1)(5)
|
424,601
|
|
102,688
|
VOLT CV LLC 5.32%, 11/27/2051(1)(5)
|
100,282
|
|
281,288
|
VOLT CVI LLC 5.44%, 12/26/2051(1)(5)
|
276,165
|
|
|
|
|
5,809,915
|
|
Total Asset & Commercial
Mortgage-Backed Securities
(cost $21,805,617)
|
$21,838,153
|
|
CONVERTIBLE BONDS - 6.9%
|
|||
|
Auto Manufacturers - 0.2%
|
||
|
Rivian Automotive, Inc.
|
|
|
160,000
|
3.63%, 10/15/2030
|
$144,960
|
|
59,000
|
4.63%, 03/15/2029
|
60,217
|
|
|
|
|
205,177
|
|
Biotechnology - 0.6%
|
||
182,000
|
Alnylam Pharmaceuticals, Inc. 1.00%,
09/15/2027
|
208,656
|
|
145,000
|
BioMarin Pharmaceutical, Inc. 1.25%,
05/15/2027
|
134,705
|
Shares or Principal Amount
|
|
Market Value†
|
|
CONVERTIBLE BONDS - 6.9% - (continued)
|
|||
|
Biotechnology - 0.6% - (continued)
|
||
$ 40,000
|
Cytokinetics, Inc. 3.50%, 07/01/2027
|
$46,695
|
|
159,000
|
Immunocore Holdings PLC 2.50%,
02/01/2030
|
135,237
|
|
212,000
|
Ionis Pharmaceuticals, Inc. 1.75%,
06/15/2028
|
206,489
|
|
|
|
|
731,782
|
|
Chemicals - 0.2%
|
||
200,000
|
Sasol Financing USA LLC 4.50%,
11/08/2027(6)
|
176,500
|
|
|
Commercial Banks - 0.1%
|
||
EUR
200,000
|
Mitsubishi UFJ Investor Services & Banking
Luxembourg SA 7.02%, 12/15/2050, 3
mo. EURIBOR + 4.50%(2)
|
126,178
|
|
|
Commercial Services - 0.4%
|
||
$ 153,000
|
Global Payments, Inc. 1.50%, 03/01/2031
|
135,558
|
|
EUR
100,000
|
Nexi SpA 1.75%, 04/24/2027(6)
|
109,722
|
|
|
Shift4 Payments, Inc.
|
|
|
$ 93,000
|
0.00%, 12/15/2025(7)
|
105,044
|
|
130,000
|
0.50%, 08/01/2027
|
131,560
|
|
|
|
|
481,884
|
|
Diversified Financial Services - 0.0%
|
||
45,000
|
Coinbase Global, Inc. 0.25%, 04/01/2030
|
44,707
|
|
|
Energy-Alternate Sources - 0.2%
|
||
324,000
|
Enphase Energy, Inc. 0.00%, 03/01/2028(7)
|
270,378
|
|
30,000
|
Stem, Inc. 0.50%, 12/01/2028(1)
|
7,275
|
|
|
|
|
277,653
|
|
Entertainment - 0.3%
|
||
270,000
|
DraftKings Holdings, Inc. 0.00%,
03/15/2028(7)
|
236,882
|
|
80,000
|
Live Nation Entertainment, Inc. 3.13%,
01/15/2029
|
112,520
|
|
|
|
|
349,402
|
|
Healthcare - Products - 0.4%
|
||
217,000
|
Exact Sciences Corp. 2.00%, 03/01/2030(1)
|
205,716
|
|
80,000
|
Integer Holdings Corp. 1.88%, 03/15/2030(1)
|
84,480
|
|
200,000
|
Qiagen NV 2.50%, 09/10/2031(6)
|
203,031
|
|
|
|
|
493,227
|
|
Home Builders - 0.2%
|
||
240,000
|
Meritage Homes Corp. 1.75%, 05/15/2028(1)
|
233,040
|
|
|
Internet - 1.1%
|
||
|
Etsy, Inc.
|
|
|
52,000
|
0.13%, 10/01/2026
|
49,737
|
|
13,000
|
0.25%, 06/15/2028
|
11,057
|
|
65,000
|
JD.com, Inc. 0.25%, 06/01/2029(1)
|
68,191
|
|
600,000
|
Meituan 0.00%, 04/27/2028(6)(7)
|
576,900
|
|
149,000
|
Sea Ltd. 2.38%, 12/01/2025
|
225,586
|
|
155,000
|
Shopify, Inc. 0.13%, 11/01/2025
|
154,380
|
|
235,000
|
Uber Technologies, Inc. 0.88%, 12/01/2028
|
307,967
|
|
|
|
|
1,393,818
|
|
IT Services - 0.4%
|
||
92,000
|
Lumentum Holdings, Inc. 1.50%,
12/15/2029
|
104,651
|
|
75,000
|
Parsons Corp. 2.63%, 03/01/2029
|
79,050
|
|
240,000
|
Seagate HDD Cayman 3.50%, 06/01/2028
|
303,600
|
|
|
|
|
487,301
|
|
Leisure Time - 0.3%
|
||
133,000
|
Carnival Corp. 5.75%, 12/01/2027
|
212,667
|
|
165,000
|
NCL Corp. Ltd. 2.50%, 02/15/2027
|
159,225
|
|
|
|
|
371,892
|
|
37
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CONVERTIBLE BONDS - 6.9% - (continued)
|
|||
|
Lodging - 0.2%
|
||
$ 200,000
|
Wynn Macau Ltd. 4.50%, 03/07/2029(1)
|
$194,600
|
|
|
Machinery-Diversified - 0.0%
|
||
36,000
|
Middleby Corp. 1.00%, 09/01/2025
|
39,476
|
|
|
Miscellaneous Manufacturing - 0.1%
|
||
80,000
|
JBT Marel Corp. 0.25%, 05/15/2026
|
78,488
|
|
|
Pharmaceuticals - 0.1%
|
||
|
Dexcom, Inc.
|
|
|
50,000
|
0.25%, 11/15/2025
|
48,625
|
|
140,000
|
0.38%, 05/15/2028
|
126,486
|
|
|
|
|
175,111
|
|
Real Estate Investment Trusts - 0.6%
|
||
265,000
|
Federal Realty OP LP 3.25%, 01/15/2029(1)
|
263,940
|
|
223,000
|
HAT Holdings I LLC/HAT Holdings II LLC
3.75%, 08/15/2028(1)
|
249,983
|
|
|
Rexford Industrial Realty LP
|
|
|
138,000
|
4.13%, 03/15/2029(1)
|
134,550
|
|
138,000
|
4.38%, 03/15/2027(1)
|
136,206
|
|
|
|
|
784,679
|
|
Semiconductors - 0.3%
|
||
123,000
|
Microchip Technology, Inc. 0.75%,
06/01/2030(1)
|
115,440
|
|
245,000
|
ON Semiconductor Corp. 0.50%,
03/01/2029
|
211,435
|
|
|
|
|
326,875
|
|
Software - 1.2%
|
||
185,000
|
Bill Holdings, Inc. 0.00%, 04/01/2030(1)(7)
|
156,880
|
|
|
Datadog, Inc.
|
|
|
245,000
|
0.00%, 12/01/2029(1)(7)
|
220,251
|
|
49,000
|
0.13%, 06/15/2025
|
55,170
|
|
172,000
|
Dayforce, Inc. 0.25%, 03/15/2026
|
164,260
|
|
172,000
|
Guidewire Software, Inc. 1.25%,
11/01/2029(1)
|
189,114
|
|
145,000
|
Nutanix, Inc. 0.50%, 12/15/2029(1)
|
156,507
|
|
183,000
|
Snowflake, Inc. 0.00%, 10/01/2029(1)(7)
|
227,011
|
|
15,000
|
Tyler Technologies, Inc. 0.25%, 03/15/2026
|
17,648
|
|
310,000
|
Unity Software, Inc. 0.00%, 03/15/2030(1)(7)
|
291,245
|
|
|
|
|
1,478,086
|
|
Total Convertible Bonds
(cost $8,453,495)
|
$8,449,876
|
|
CORPORATE BONDS - 31.3%
|
|||
|
Advertising - 0.0%
|
||
45,000
|
Clear Channel Outdoor Holdings, Inc.
7.50%, 06/01/2029(1)
|
$36,882
|
|
|
Aerospace & Defense - 0.0%
|
||
20,000
|
Goat Holdco LLC 6.75%, 02/01/2032(1)
|
19,550
|
|
|
Agriculture - 0.2%
|
||
40,000
|
BAT Capital Corp. 5.63%, 08/15/2035
|
40,160
|
|
200,000
|
MHP Lux SA 6.25%, 09/19/2029(6)
|
162,389
|
|
|
|
|
202,549
|
|
Airlines - 0.1%
|
||
25,000
|
OneSky Flight LLC 8.88%, 12/15/2029(1)
|
25,235
|
|
33,000
|
VistaJet Malta Finance PLC/Vista
Management Holding, Inc. 6.38%,
02/01/2030(1)
|
28,491
|
|
|
|
|
53,726
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Apparel - 0.1%
|
||
$ 65,000
|
Champ Acquisition Corp. 8.38%,
12/01/2031(1)
|
$68,476
|
|
45,000
|
S&S Holdings LLC 8.38%, 10/01/2031(1)
|
42,289
|
|
|
|
|
110,765
|
|
Auto Manufacturers - 0.1%
|
||
25,000
|
Ford Motor Co. 3.25%, 02/12/2032
|
20,428
|
|
115,000
|
General Motors Financial Co., Inc. 5.70%,
09/30/2030, (5.70% fixed rate until
09/30/2030; 5 yr. USD CMT + 5.00%
thereafter)(8)(9)
|
108,134
|
|
|
|
|
128,562
|
|
Auto Parts & Equipment - 0.3%
|
||
|
Forvia SE
|
|
|
EUR
200,000
|
3.75%, 06/15/2028(6)
|
219,884
|
|
100,000
|
5.50%, 06/15/2031(6)
|
107,991
|
|
|
|
|
327,875
|
|
Beverages - 0.1%
|
||
$ 155,000
|
Central American Bottling Corp./CBC
Bottling Holdco SL/Beliv Holdco SL
5.25%, 04/27/2029(6)
|
148,329
|
|
|
Chemicals - 0.5%
|
||
200,000
|
Braskem Netherlands Finance BV 4.50%,
01/31/2030(6)
|
165,805
|
|
205,000
|
OCP SA 6.10%, 04/30/2030(1)
|
205,133
|
|
200,000
|
UPL Corp. Ltd. 5.25%, 05/12/2025, (5.25%
fixed rate until 05/12/2025; 5 yr. USD
CMT + 3.87% thereafter)(6)(8)(9)
|
190,845
|
|
|
|
|
561,783
|
|
Commercial Banks - 6.1%
|
||
EUR
205,000
|
Banca Transilvania SA 8.88%, 04/27/2027,
(8.88% fixed rate until 04/27/2026; 1 yr.
EURIBOR ICE Swap + 5.58%
thereafter)(6)(8)
|
242,319
|
|
GBP
100,000
|
Banco de Sabadell SA 5.00%, 10/13/2029(6)
|
133,856
|
|
|
Bank of America Corp.
|
|
|
$ 45,000
|
2.48%, 09/21/2036, (2.48% fixed rate
until 09/21/2031; 5 yr. USD CMT +
1.20% thereafter)(8)
|
37,546
|
|
12,000
|
5.52%, 10/25/2035, (5.52% fixed rate
until 10/25/2034; 6 mo. USD SOFR +
1.74% thereafter)(8)
|
11,770
|
|
98,000
|
6.63%, 05/01/2030, (6.63% fixed rate
until 05/01/2030; 5 yr. USD CMT +
2.68% thereafter)(8)(9)
|
98,045
|
|
EUR
200,000
|
Bank of Cyprus Holdings PLC 11.88%,
12/21/2028, (11.88% fixed rate until
12/21/2028; 5 yr. EURIBOR ICE Swap +
9.13% thereafter)(6)(8)(9)
|
265,652
|
|
|
Bank of New York Mellon Corp.
|
|
|
$ 50,000
|
3.99%, 06/13/2028, (3.99% fixed rate
until 06/13/2027; 6 mo. USD SOFR +
1.15% thereafter)(8)
|
49,739
|
|
20,000
|
5.61%, 07/21/2039, (5.61% fixed rate
until 07/21/2034; 6 mo. USD SOFR +
1.77% thereafter)(8)
|
20,089
|
|
40,000
|
6.32%, 10/25/2029, (6.32% fixed rate
until 10/25/2028; 6 mo. USD SOFR +
1.60% thereafter)(8)
|
42,481
|
|
EUR
200,000
|
BAWAG Group AG 7.25%, 09/18/2029,
(7.25% fixed rate until 09/18/2029; 5 yr.
EURIBOR ICE Swap + 5.05%
thereafter)(6)(8)(9)
|
230,681
|
|
38
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Commercial Banks - 6.1% - (continued)
|
||
|
BBVA Mexico SA Institucion De Banca
Multiple Grupo Financiero BBVA Mexico
|
|
|
$ 218,000
|
8.13%, 01/08/2039, (8.13% fixed rate
until 01/08/2034; 5 yr. USD CMT +
4.21% thereafter)(6)(8)
|
$222,125
|
|
400,000
|
8.45%, 06/29/2038, (8.45% fixed rate
until 06/29/2033; 5 yr. USD CMT +
4.66% thereafter)(6)(8)
|
415,358
|
|
200,000
|
BNP Paribas SA 4.50%, 02/25/2030,
(4.50% fixed rate until 02/25/2030; 5 yr.
USD CMT + 2.94% thereafter)(6)(8)(9)
|
171,004
|
|
EUR
200,000
|
BPCE SA 1.50%, 01/13/2042, (1.50% fixed
rate until 10/13/2026; 5 yr. EUR Swap +
1.75% thereafter)(6)(8)
|
220,537
|
|
$ 225,000
|
CaixaBank SA 6.04%, 06/15/2035, (6.04%
fixed rate until 06/15/2034; 6 mo. USD
SOFR + 2.26% thereafter)(1)(8)
|
232,479
|
|
EUR
200,000
|
CCF Holding SAS 9.25%, 06/12/2029,
(9.25% fixed rate until 06/12/2029; 5 yr.
EUR Swap + 6.63% thereafter)(6)(8)(9)
|
240,582
|
|
|
Citigroup, Inc.
|
|
|
$ 76,000
|
4.00%, 12/10/2025, (4.00% fixed rate
until 12/10/2025; 5 yr. USD CMT +
3.60% thereafter)(8)(9)
|
74,321
|
|
49,000
|
7.00%, 08/15/2034, (7.00% fixed rate
until 08/15/2034; 10 yr. USD CMT +
2.76% thereafter)(8)(9)
|
48,615
|
|
81,000
|
7.63%, 11/15/2028, (7.63% fixed rate
until 11/15/2028; 5 yr. USD CMT +
3.21% thereafter)(8)(9)
|
83,173
|
|
EUR
200,000
|
Deutsche Bank AG 4.50%, 11/30/2026,
(4.50% fixed rate until 11/30/2026; 5 yr.
EURIBOR ICE Swap + 4.55%
thereafter)(6)(8)(9)
|
217,160
|
|
200,000
|
Erste Group Bank AG 7.00%, 04/15/2031,
(7.00% fixed rate until 04/15/2031; 5 yr.
EURIBOR ICE Swap + 4.41%
thereafter)(6)(8)(9)
|
236,232
|
|
100,000
|
Eurobank SA 4.00%, 02/07/2036, (4.00%
fixed rate until 02/07/2035; 1 yr.
EURIBOR ICE Swap + 1.70%
thereafter)(6)(8)
|
111,470
|
|
$ 31,000
|
Fifth Third Bancorp 4.50%, 09/30/2025,
(4.50% fixed rate until 09/30/2025; 5 yr.
USD CMT + 4.22% thereafter)(8)(9)
|
30,611
|
|
|
Freedom Mortgage Corp.
|
|
|
152,000
|
12.00%, 10/01/2028(1)
|
162,957
|
|
242,000
|
12.25%, 10/01/2030(1)
|
266,267
|
|
|
Goldman Sachs Group, Inc.
|
|
|
78,000
|
3.65%, 08/10/2026, (3.65% fixed rate
until 08/10/2026; 5 yr. USD CMT +
2.92% thereafter)(8)(9)
|
74,553
|
|
61,000
|
7.50%, 02/10/2029, (7.50% fixed rate
until 02/10/2029; 5 yr. USD CMT +
3.16% thereafter)(8)(9)
|
63,161
|
|
200,000
|
Golomt Bank 11.00%, 05/20/2027(1)
|
199,775
|
|
|
HSBC Holdings PLC
|
|
|
200,000
|
4.60%, 12/17/2030, (4.60% fixed rate
until 12/17/2030; 5 yr. USD CMT +
3.65% thereafter)(8)(9)
|
174,875
|
|
200,000
|
5.73%, 05/17/2032, (5.73% fixed rate
until 05/17/2031; 6 mo. USD SOFR +
1.52% thereafter)(8)
|
206,927
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Commercial Banks - 6.1% - (continued)
|
||
|
Ibercaja Banco SA
|
|
|
EUR
100,000
|
4.13%, 08/18/2036, (4.13% fixed rate
until 05/18/2031; 5 yr. EURIBOR ICE
Swap + 1.90% thereafter)(6)(8)
|
$110,925
|
|
200,000
|
9.13%, 01/25/2028, (9.13% fixed rate
until 01/25/2028; 5 yr. EUR Swap +
6.83% thereafter)(6)(8)(9)
|
245,077
|
|
|
Intesa Sanpaolo SpA
|
|
|
$ 200,000
|
3.88%, 01/12/2028(1)
|
195,559
|
|
200,000
|
7.80%, 11/28/2053(1)
|
225,508
|
|
|
JP Morgan Chase & Co.
|
|
|
16,000
|
4.51%, 10/22/2028, (4.51% fixed rate
until 10/22/2027; 6 mo. USD SOFR +
0.86% thereafter)(8)
|
16,045
|
|
43,000
|
5.53%, 11/29/2045, (5.53% fixed rate
until 11/29/2044; 6 mo. USD SOFR +
1.55% thereafter)(8)
|
42,344
|
|
GBP
200,000
|
Lloyds Banking Group PLC 8.50%,
03/27/2028, (8.50% fixed rate until
03/27/2028; 5 yr. U.K. Government Bond
+ 5.14% thereafter)(8)(9)
|
273,724
|
|
EUR
200,000
|
Luminor Holding AS 7.38%, 02/12/2031,
(7.38% fixed rate until 02/12/2031; 5 yr.
EURIBOR ICE Swap + 5.26%
thereafter)(6)(8)(9)
|
229,241
|
|
200,000
|
Nova Ljubljanska Banka DD 6.88%,
01/24/2034, (6.88% fixed rate until
01/24/2029; 5 yr. EURIBOR ICE Swap +
4.23% thereafter)(6)(8)
|
238,717
|
|
200,000
|
Piraeus Financial Holdings SA 8.75%,
06/16/2026, (8.75% fixed rate until
06/16/2026; 5 yr. EUR Swap + 9.20%
thereafter)(6)(8)(9)
|
234,982
|
|
$ 125,000
|
Santander Holdings USA, Inc. 5.47%,
03/20/2029, (5.47% fixed rate until
03/20/2028; 6 mo. USD SOFR + 1.61%
thereafter)(8)
|
125,429
|
|
200,000
|
Societe Generale SA 10.00%, 11/14/2028,
(10.00% fixed rate until 11/14/2028; 5 yr.
USD CMT + 5.45% thereafter)(1)(8)(9)
|
215,063
|
|
200,000
|
UBS Group AG 9.25%, 11/13/2033, (9.25%
fixed rate until 11/13/2033; 5 yr. USD
CMT + 4.76% thereafter)(1)(8)(9)
|
223,558
|
|
EUR
125,000
|
UBS Switzerland AG 3.15%, 06/21/2031(6)
|
145,389
|
|
100,000
|
Unicaja Banco SA 0.25%, 09/25/2029(6)
|
102,646
|
|
GBP
200,000
|
Virgin Money U.K. PLC 11.00%, 12/08/2028,
(11.00% fixed rate until 12/08/2028; 5 yr.
U.K. Government Bond + 6.99%
thereafter)(6)(8)(9)
|
297,625
|
|
$ 38,000
|
Wells Fargo & Co. 3.90%, 03/15/2026,
(3.90% fixed rate until 03/15/2026; 5 yr.
USD CMT + 3.45% thereafter)(8)(9)
|
37,322
|
|
|
|
|
7,543,514
|
|
Commercial Services - 0.7%
|
||
200,000
|
Adani Ports & Special Economic Zone Ltd.
4.38%, 07/03/2029(6)
|
181,557
|
|
59,000
|
Block, Inc. 3.50%, 06/01/2031
|
52,661
|
|
85,000
|
Deluxe Corp. 8.13%, 09/15/2029(1)
|
85,114
|
|
EUR
200,000
|
House of HR Group BV 9.00%,
11/03/2029(6)
|
212,004
|
|
$ 30,000
|
Shift4 Payments LLC/Shift4 Payments
Finance Sub, Inc. 6.75%, 08/15/2032(1)
|
30,428
|
|
EUR
225,000
|
Verisure Midholding AB 5.25%,
02/15/2029(6)
|
256,936
|
|
|
|
|
818,700
|
|
39
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Construction Materials - 0.0%
|
||
$ 45,000
|
Trane Technologies Financing Ltd. 5.10%,
06/13/2034
|
$45,136
|
|
|
Diversified Financial Services - 2.4%
|
||
50,000
|
Aircastle Ltd. 5.25%, 06/15/2026, (5.25%
fixed rate until 06/15/2026; 5 yr. USD
CMT + 4.41% thereafter)(1)(8)(9)
|
48,581
|
|
|
Bread Financial Holdings, Inc.
|
|
|
667,000
|
8.38%, 06/15/2035, (8.38% fixed rate
until 06/15/2030; 5 yr. USD CMT +
4.30% thereafter)(1)(8)
|
623,820
|
|
75,000
|
9.75%, 03/15/2029(1)
|
78,902
|
|
30,000
|
Credit Acceptance Corp. 9.25%,
12/15/2028(1)
|
31,704
|
|
73,000
|
Discover Financial Services 6.13%,
06/23/2025, (6.13% fixed rate until
06/23/2025; 5 yr. USD CMT + 5.78%
thereafter)(8)(9)
|
72,868
|
|
105,000
|
EZCORP, Inc. 7.38%, 04/01/2032(1)
|
109,924
|
|
|
Freedom Mortgage Holdings LLC
|
|
|
205,000
|
8.38%, 04/01/2032(1)
|
200,496
|
|
157,000
|
9.13%, 05/15/2031(1)
|
158,739
|
|
170,000
|
Hightower Holding LLC 9.13%,
01/31/2030(1)
|
173,825
|
|
|
IIFL Finance Ltd.
|
|
|
200,000
|
8.75%, 07/24/2028(1)
|
190,000
|
|
200,000
|
8.75%, 07/24/2028(6)
|
190,000
|
|
|
Jane Street Group/JSG Finance, Inc.
|
|
|
22,000
|
6.13%, 11/01/2032(1)
|
21,623
|
|
86,000
|
6.75%, 05/01/2033(1)
|
86,405
|
|
49,000
|
Jefferson Capital Holdings LLC 8.25%,
05/15/2030(1)(4)
|
49,311
|
|
100,000
|
LFS Topco LLC 5.88%, 10/15/2026(1)
|
95,678
|
|
200,000
|
Midcap Financial Issuer Trust 6.50%,
05/01/2028(1)
|
190,926
|
|
468,000
|
Planet Financial Group LLC 10.50%,
12/15/2029(1)
|
461,542
|
|
105,000
|
TrueNoord Capital DAC 8.75%,
03/01/2030(1)
|
107,255
|
|
|
|
|
2,891,599
|
|
Electric - 3.5%
|
||
200,000
|
Adani Electricity Mumbai Ltd. 3.87%,
07/22/2031(6)
|
163,725
|
|
256,005
|
AES Panama Generation Holdings SRL
4.38%, 05/31/2030(6)
|
223,889
|
|
50,000
|
Alabama Power Co. 5.10%, 04/02/2035
|
50,199
|
|
200,000
|
Buffalo Energy Mexico Holdings/Buffalo
Energy Infrastructure/Buffalo Energy
7.88%, 02/15/2039(6)
|
202,726
|
|
EUR
229,000
|
Bulgarian Energy Holding EAD 2.45%,
07/22/2028(6)
|
244,457
|
|
$ 39,000
|
CMS Energy Corp. 4.75%, 06/01/2050,
(4.75% fixed rate until 03/01/2030; 5 yr.
USD CMT + 4.12% thereafter)(8)
|
36,525
|
|
|
Dominion Energy, Inc.
|
|
|
89,000
|
4.35%, 01/15/2027, (4.35% fixed rate
until 01/15/2027; 5 yr. USD CMT +
3.20% thereafter)(8)(9)
|
86,299
|
|
36,000
|
6.88%, 02/01/2055, (6.88% fixed rate
until 11/03/2029; 5 yr. USD CMT +
2.39% thereafter)(8)
|
37,020
|
|
45,000
|
7.00%, 06/01/2054, (7.00% fixed rate
until 03/03/2034; 5 yr. USD CMT +
2.51% thereafter)(8)
|
46,721
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Electric - 3.5% - (continued)
|
||
$ 195,000
|
Edison International 8.13%, 06/15/2053,
(8.13% fixed rate until 03/15/2028; 5 yr.
USD CMT + 3.86% thereafter)(8)
|
$185,668
|
|
120,000
|
Emera, Inc. 6.75%, 06/15/2076
|
120,162
|
|
200,000
|
Energo-Pro AS 11.00%, 11/02/2028(6)
|
209,480
|
|
65,000
|
EUSHI Finance, Inc. 7.63%, 12/15/2054,
(7.63% fixed rate until 09/15/2029; 5 yr.
USD CMT + 3.14% thereafter)(8)
|
65,290
|
|
775,000
|
GDZ Elektrik Dagitim AS 9.00%,
10/15/2029(1)
|
725,859
|
|
39,753
|
Johnsonville Aeroderivative Combustion
Turbine Generation LLC 5.08%,
10/01/2054
|
38,394
|
|
200,000
|
Lamar Funding Ltd. 3.96%, 05/07/2025(6)
|
200,014
|
|
600,000
|
Limak Yenilenebilir Enerji AS 9.63%,
08/12/2030(1)
|
583,500
|
|
280,000
|
PG&E Corp. 7.38%, 03/15/2055, (7.38%
fixed rate until 12/15/2029; 5 yr. USD
CMT + 3.88% thereafter)(8)
|
271,821
|
|
200,000
|
Termocandelaria Power SA 7.75%,
09/17/2031(6)
|
199,038
|
|
20,000
|
Virginia Electric & Power Co. 5.65%,
03/15/2055
|
19,169
|
|
600,000
|
Zorlu Enerji Elektrik Uretim AS 11.00%,
04/23/2030(1)
|
549,511
|
|
|
|
|
4,259,467
|
|
Energy-Alternate Sources - 0.5%
|
||
|
FS Luxembourg SARL
|
|
|
200,000
|
8.88%, 02/12/2031(1)
|
201,058
|
|
200,000
|
8.88%, 02/12/2031(6)
|
201,057
|
|
225,000
|
Greenko Wind Projects Mauritius Ltd.
7.25%, 09/27/2028(1)
|
217,837
|
|
|
|
|
619,952
|
|
Engineering & Construction - 0.6%
|
||
|
IHS Holding Ltd.
|
|
|
200,000
|
6.25%, 11/29/2028(6)
|
189,860
|
|
200,000
|
7.88%, 05/29/2030(6)
|
192,789
|
|
400,000
|
8.25%, 11/29/2031(1)
|
385,360
|
|
|
|
|
768,009
|
|
Entertainment - 0.1%
|
||
120,000
|
Great Canadian Gaming Corp. 8.75%,
11/15/2029(1)
|
118,918
|
|
|
Environmental Control - 0.2%
|
||
200,000
|
Ambipar Lux SARL 10.88%, 02/05/2033(1)
|
195,380
|
|
|
Reworld Holding Corp.
|
|
|
30,000
|
4.88%, 12/01/2029(1)
|
28,031
|
|
75,000
|
5.00%, 09/01/2030
|
68,873
|
|
|
|
|
292,284
|
|
Food - 0.3%
|
||
EUR
100,000
|
ELO SACA 3.25%, 07/23/2027(6)
|
109,137
|
|
$ 15,000
|
Mars, Inc. 5.65%, 05/01/2045(1)
|
14,897
|
|
EUR
200,000
|
Picard Groupe SAS 6.38%, 07/01/2029(1)
|
237,012
|
|
|
|
|
361,046
|
|
Forest Products & Paper - 0.2%
|
||
$ 272,000
|
Mercer International, Inc. 12.88%,
10/01/2028(1)
|
277,929
|
|
|
Gas - 0.1%
|
||
84,000
|
AltaGas Ltd. 7.20%, 10/15/2054, (7.20%
fixed rate until 07/17/2034; 5 yr. USD
CMT + 3.57% thereafter)(1)(8)
|
82,036
|
|
40
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Hand/Machine Tools - 0.1%
|
||
EUR
100,000
|
IMA Industria Macchine Automatiche SpA
3.75%, 01/15/2028(6)
|
$111,970
|
|
|
Healthcare - Products - 0.1%
|
||
$ 150,000
|
Insulet Corp. 6.50%, 04/01/2033(1)
|
153,031
|
|
|
Healthcare - Services - 0.3%
|
||
|
Acadia Healthcare Co., Inc.
|
|
|
45,000
|
5.00%, 04/15/2029(1)
|
42,541
|
|
165,000
|
7.38%, 03/15/2033(1)
|
164,857
|
|
95,000
|
CHS/Community Health Systems, Inc.
4.75%, 02/15/2031(1)
|
78,428
|
|
110,000
|
Star Parent, Inc. 9.00%, 10/01/2030(1)
|
111,300
|
|
|
|
|
397,126
|
|
Insurance - 1.2%
|
||
240,000
|
Acrisure LLC/Acrisure Finance, Inc. 8.50%,
06/15/2029(1)
|
247,903
|
|
155,000
|
Alliant Holdings Intermediate LLC/Alliant
Holdings Co-Issuer 7.38%, 10/01/2032(1)
|
156,637
|
|
|
Athene Global Funding
|
|
|
47,000
|
4.95%, 01/07/2027(1)
|
47,288
|
|
35,000
|
5.35%, 07/09/2027(1)
|
35,627
|
|
20,000
|
5.68%, 02/23/2026(1)
|
20,171
|
|
46,000
|
Enstar Group Ltd. 7.50%, 04/01/2045,
(7.50% fixed rate until 10/01/2034; 5 yr.
USD CMT + 3.19% thereafter)(1)(8)
|
46,127
|
|
|
Global Atlantic Fin Co.
|
|
|
105,000
|
4.70%, 10/15/2051, (4.70% fixed rate
until 07/15/2026; 5 yr. USD CMT +
3.80% thereafter)(1)(8)
|
99,787
|
|
44,000
|
7.95%, 10/15/2054, (7.95% fixed rate
until 07/15/2029; 5 yr. USD CMT +
3.61% thereafter)(1)(8)
|
44,683
|
|
200,000
|
Howden U.K. Refinance PLC/Howden U.K.
Refinance 2 PLC/Howden U.S. Refinance
LLC 8.13%, 02/15/2032(1)
|
202,881
|
|
|
Liberty Mutual Group, Inc.
|
|
|
36,000
|
4.13%, 12/15/2051, (4.13% fixed rate
until 09/15/2026; 5 yr. USD CMT +
3.32% thereafter)(1)(8)
|
33,998
|
|
55,000
|
4.30%, 02/01/2061(1)
|
34,264
|
|
135,000
|
Lincoln National Corp. 9.25%, 12/01/2027,
(9.25% fixed rate until 12/01/2027; 5 yr.
USD CMT + 5.32% thereafter)(8)(9)
|
142,815
|
|
200,000
|
Nippon Life Insurance Co. 6.50%,
04/30/2055, (6.50% fixed rate until
04/30/2035; 5 yr. USD CMT + 3.19%
thereafter)(1)(8)
|
202,907
|
|
EUR
100,000
|
SCOR SE 6.00%, 06/20/2034, (6.00% fixed
rate until 06/20/2034; 5 yr. EURIBOR ICE
Swap + 3.86% thereafter)(6)(8)(9)
|
112,568
|
|
|
|
|
1,427,656
|
|
Internet - 0.3%
|
||
|
Alphabet, Inc.
|
|
|
$ 5,000
|
5.25%, 05/15/2055(4)
|
4,935
|
|
25,000
|
5.30%, 05/15/2065(4)
|
24,700
|
|
40,000
|
Gen Digital, Inc. 6.25%, 04/01/2033(1)
|
39,892
|
|
EUR
200,000
|
United Group BV 6.75%, 02/15/2031(6)
|
232,889
|
|
|
|
|
302,416
|
|
Investment Company Security - 0.1%
|
||
$ 54,000
|
Sixth Street Lending Partners 6.13%,
07/15/2030(1)
|
54,197
|
|
|
Leisure Time - 0.0%
|
||
25,000
|
NCL Corp. Ltd. 6.75%, 02/01/2032(1)
|
24,411
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Lodging - 1.0%
|
||
|
Fortune Star BVI Ltd.
|
|
|
EUR
225,000
|
3.95%, 10/02/2026(6)
|
$243,315
|
|
$ 445,000
|
5.00%, 05/18/2026(6)
|
429,281
|
|
45,000
|
Las Vegas Sands Corp. 6.00%,
06/14/2030(4)
|
45,253
|
|
200,000
|
Melco Resorts Finance Ltd. 5.38%,
12/04/2029(6)
|
180,475
|
|
400,000
|
Studio City Finance Ltd. 5.00%,
01/15/2029(6)
|
351,232
|
|
|
|
|
1,249,556
|
|
Media - 0.2%
|
||
56,000
|
Paramount Global 6.38%, 03/30/2062,
(6.38% fixed rate until 03/30/2027; 5 yr.
USD CMT + 4.00% thereafter)(8)
|
53,868
|
|
23,000
|
Scripps Escrow, Inc. 5.88%,
07/15/2027(1)(10)
|
18,216
|
|
200,000
|
VTR Finance NV 6.38%, 07/15/2028(6)
|
187,973
|
|
|
|
|
260,057
|
|
Mining - 1.7%
|
||
200,000
|
First Quantum Minerals Ltd. 9.38%,
03/01/2029(1)
|
209,790
|
|
|
Glencore Funding LLC
|
|
|
50,000
|
2.50%, 09/01/2030(1)
|
44,294
|
|
28,000
|
3.88%, 04/27/2051(1)
|
19,450
|
|
400,000
|
Ivanhoe Mines Ltd. 7.88%, 01/23/2030(1)
|
390,173
|
|
200,000
|
Stillwater Mining Co. 4.50%, 11/16/2029(6)
|
167,947
|
|
|
Vedanta Resources Finance II PLC
|
|
|
600,000
|
9.85%, 04/24/2033(1)
|
544,306
|
|
200,000
|
11.25%, 12/03/2031(1)
|
197,041
|
|
|
WE Soda Investments Holding PLC
|
|
|
315,000
|
9.50%, 10/06/2028(1)
|
322,166
|
|
200,000
|
9.50%, 10/06/2028(6)
|
204,550
|
|
|
|
|
2,099,717
|
|
Oil & Gas - 2.4%
|
||
600,000
|
Azule Energy Finance PLC 8.13%,
01/23/2030(1)
|
578,400
|
|
|
Diamondback Energy, Inc.
|
|
|
14,000
|
4.25%, 03/15/2052
|
10,255
|
|
20,000
|
5.90%, 04/18/2064
|
17,734
|
|
593,000
|
Ecopetrol SA 7.75%, 02/01/2032
|
565,398
|
|
400,000
|
Energean Israel Finance Ltd. 5.88%,
03/30/2031(6)
|
361,712
|
|
200,000
|
Hunt Oil Co. of Peru LLC Sucursal Del Peru
7.75%, 11/05/2038(1)(4)
|
206,250
|
|
240,000
|
Leviathan Bond Ltd. 6.75%, 06/30/2030(6)
|
231,906
|
|
200,000
|
Raizen Fuels Finance SA 6.70%,
02/25/2037(1)
|
195,692
|
|
40,000
|
Talos Production, Inc. 9.38%, 02/01/2031(1)
|
37,609
|
|
645,000
|
Vital Energy, Inc. 7.88%, 04/15/2032(1)
|
501,096
|
|
230,000
|
YPF SA 6.95%, 07/21/2027(6)
|
225,487
|
|
|
|
|
2,931,539
|
|
Packaging & Containers - 0.5%
|
||
EUR
150,000
|
Ardagh Packaging Finance PLC/Ardagh
Holdings USA, Inc. 2.13%, 08/15/2026(6)
|
151,108
|
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
$ 80,000
|
6.75%, 04/15/2032(1)
|
81,800
|
|
110,000
|
8.75%, 04/15/2030(1)
|
113,336
|
|
|
LABL, Inc.
|
|
|
24,000
|
5.88%, 11/01/2028(1)
|
19,848
|
|
25,000
|
8.63%, 10/01/2031(1)
|
20,437
|
|
200,000
|
SAN Miguel Industrias Pet SA/NG PET R&P
Latin America SA 3.75%, 08/02/2028(5)(6)
|
183,500
|
|
|
|
|
570,029
|
|
41
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Pharmaceuticals - 1.0%
|
||
|
CVS Health Corp.
|
|
|
$ 670,000
|
6.75%, 12/10/2054, (6.75% fixed rate
until 09/10/2034; 5 yr. USD CMT +
2.52% thereafter)(8)
|
$665,489
|
|
84,000
|
7.00%, 03/10/2055, (7.00% fixed rate
until 12/10/2029; 5 yr. USD CMT +
2.89% thereafter)(8)
|
84,970
|
|
|
Grifols SA
|
|
|
EUR
100,000
|
3.88%, 10/15/2028(6)(10)
|
106,570
|
|
100,000
|
7.50%, 05/01/2030(6)
|
119,552
|
|
|
Teva Pharmaceutical Finance Netherlands
II BV
|
|
|
125,000
|
4.38%, 05/09/2030
|
143,667
|
|
100,000
|
7.88%, 09/15/2031
|
134,462
|
|
|
|
|
1,254,710
|
|
Pipelines - 0.7%
|
||
$ 250,000
|
AL Candelaria -spain- SA 5.75%,
06/15/2033(6)
|
205,075
|
|
|
Enbridge, Inc.
|
|
|
135,000
|
5.75%, 07/15/2080, (5.75% fixed rate
until 04/15/2030; 5 yr. USD CMT +
5.31% thereafter)(8)
|
129,388
|
|
25,000
|
7.20%, 06/27/2054, (7.20% fixed rate
until 03/27/2034; 5 yr. USD CMT +
2.97% thereafter)(8)
|
24,849
|
|
60,000
|
8.50%, 01/15/2084, (8.50% fixed rate
until 10/15/2033; 5 yr. USD CMT +
4.43% thereafter)(8)
|
64,673
|
|
32,000
|
Energy Transfer LP 8.00%, 05/15/2054,
(8.00% fixed rate until 02/15/2029; 5 yr.
USD CMT + 4.02% thereafter)(8)
|
33,214
|
|
13,000
|
ONEOK, Inc. 5.85%, 11/01/2064
|
11,593
|
|
128,000
|
South Bow Canadian Infrastructure
Holdings Ltd. 7.63%, 03/01/2055, (7.63%
fixed rate until 12/01/2029; 5 yr. USD
CMT + 3.95% thereafter)(1)(8)
|
127,872
|
|
49,000
|
TransCanada PipeLines Ltd. 7.00%,
06/01/2065, (7.00% fixed rate until
03/01/2030; 5 yr. USD CMT + 2.61%
thereafter)(8)
|
48,051
|
|
|
Transcanada Trust
|
|
|
137,000
|
5.60%, 03/07/2082, (5.60% fixed rate
until 12/07/2031; 5 yr. USD CMT +
3.99% thereafter)(8)
|
126,408
|
|
76,000
|
5.88%, 08/15/2076, (5.88% fixed rate
until 08/15/2026; 3 mo. USD SOFR +
4.64% thereafter)(8)
|
74,893
|
|
|
|
|
846,016
|
|
Real Estate - 1.4%
|
||
GBP
100,000
|
Canary Wharf Group Investment Holdings
PLC 3.38%, 04/23/2028(6)
|
118,175
|
|
$ 400,000
|
Country Garden Holdings Co. Ltd. 3.88%,
10/22/2030*(6)(11)
|
32,448
|
|
400,000
|
Fuqing Investment Management Ltd. 3.25%,
06/23/2025(6)
|
396,928
|
|
200,000
|
GLP China Holdings Ltd. 2.95%,
03/29/2026(6)
|
184,609
|
|
EUR
100,000
|
Neinor Homes SA 5.88%, 02/15/2030(1)
|
116,744
|
|
|
Peach Property Finance GmbH
|
|
|
300,000
|
4.38%, 11/15/2025(6)
|
330,624
|
|
100,000
|
4.38%, 11/15/2025(1)
|
110,208
|
|
$ 400,000
|
Pingan Real Estate Capital Ltd. 3.45%,
07/29/2026(6)
|
382,026
|
|
|
|
|
1,671,762
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Real Estate Investment Trusts - 0.7%
|
||
|
Alexandrite Monnet U.K. Holdco PLC
|
|
|
EUR
255,000
|
10.50%, 05/15/2029(1)
|
$318,126
|
|
100,000
|
10.50%, 05/15/2029(6)
|
124,755
|
|
|
Hudson Pacific Properties LP
|
|
|
$ 225,000
|
4.65%, 04/01/2029
|
161,115
|
|
65,000
|
5.95%, 02/15/2028
|
54,294
|
|
200,000
|
Trust Fibra Uno 6.39%, 01/15/2050(6)
|
160,006
|
|
59,000
|
VICI Properties LP/VICI Note Co., Inc.
4.13%, 08/15/2030(1)
|
55,657
|
|
|
|
|
873,953
|
|
Retail - 0.7%
|
||
8,000
|
BCPE Ulysses Intermediate, Inc. 7.75%,
04/01/2027(1)(12)
|
7,761
|
|
35,000
|
Cougar JV Subsidiary LLC 8.00%,
05/15/2032(1)
|
36,293
|
|
EUR
100,000
|
Goldstory SAS 6.75%, 02/01/2030(6)
|
116,375
|
|
$ 55,000
|
LBM Acquisition LLC 6.25%, 01/15/2029(1)
|
48,195
|
|
50,000
|
Macy's Retail Holdings LLC 5.13%,
01/15/2042
|
32,801
|
|
45,000
|
O'Reilly Automotive, Inc. 5.00%, 08/19/2034
|
43,977
|
|
GBP
100,000
|
Punch Finance PLC 6.13%, 06/30/2026(6)
|
132,294
|
|
$ 105,000
|
Staples, Inc. 10.75%, 09/01/2029(1)
|
90,974
|
|
GBP
100,000
|
Waga Bondco Ltd. 8.50%, 06/15/2030(1)
|
130,505
|
|
$ 200,000
|
Zhongsheng Group Holdings Ltd. 5.98%,
01/30/2028(6)
|
195,685
|
|
|
|
|
834,860
|
|
Semiconductors - 0.0%
|
||
|
Intel Corp.
|
|
|
16,000
|
3.25%, 11/15/2049
|
9,773
|
|
32,000
|
5.60%, 02/21/2054
|
28,238
|
|
|
|
|
38,011
|
|
Software - 0.2%
|
||
20,000
|
Open Text Corp. 6.90%, 12/01/2027(1)
|
20,570
|
|
|
Rocket Software, Inc.
|
|
|
25,000
|
6.50%, 02/15/2029(1)
|
23,779
|
|
40,000
|
9.00%, 11/28/2028(1)
|
41,214
|
|
50,000
|
Synopsys, Inc. 5.00%, 04/01/2032
|
50,347
|
|
EUR
125,000
|
TeamSystem SpA 5.78%, 07/31/2031, 3 mo.
EURIBOR + 3.50%(1)(2)
|
141,662
|
|
|
|
|
277,572
|
|
Telecommunications - 2.3%
|
||
|
Africell Holding Ltd.
|
|
|
$ 450,000
|
10.50%, 10/23/2029(1)
|
422,139
|
|
200,000
|
10.50%, 10/23/2029(6)
|
187,291
|
|
|
Altice France SA
|
|
|
EUR
200,000
|
4.13%, 01/15/2029(6)
|
183,382
|
|
100,000
|
5.88%, 02/01/2027(6)
|
100,876
|
|
|
AT&T, Inc.
|
|
|
$ 33,000
|
3.50%, 06/01/2041
|
25,338
|
|
19,000
|
3.85%, 06/01/2060
|
12,936
|
|
96,000
|
EchoStar Corp. 6.75%, 11/30/2030(12)
|
89,479
|
|
EUR
300,000
|
Eolo SpA 4.88%, 10/21/2028(6)
|
308,216
|
|
125,000
|
Eutelsat SA 9.75%, 04/13/2029(1)
|
143,998
|
|
|
Iliad Holding SASU
|
|
|
125,000
|
5.38%, 04/15/2030(6)
|
145,117
|
|
100,000
|
6.88%, 04/15/2031(6)
|
121,212
|
|
200,000
|
Kaixo Bondco Telecom SA 5.13%,
09/30/2029(6)
|
229,521
|
|
$ 64,000
|
Level 3 Financing, Inc. 3.88%, 10/15/2030(1)
|
50,477
|
|
200,000
|
Millicom International Cellular SA 4.50%,
04/27/2031(6)
|
178,128
|
|
EUR
100,000
|
Odido Holding BV 3.75%, 01/15/2029(6)
|
111,401
|
|
42
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 31.3% - (continued)
|
|||
|
Telecommunications - 2.3% - (continued)
|
||
$ 200,000
|
Turkcell Iletisim Hizmetleri AS 7.65%,
01/24/2032(1)
|
$200,073
|
|
400,000
|
VEON Holdings BV 3.38%, 11/25/2027(6)
|
358,732
|
|
|
|
|
2,868,316
|
|
Trucking & Leasing - 0.0%
|
||
37,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 5.35%, 01/12/2027(1)
|
37,419
|
|
|
Water - 0.3%
|
||
400,000
|
Aegea Finance SARL 9.00%, 01/20/2031(1)
|
417,252
|
|
|
Total Corporate Bonds
(cost $38,623,478)
|
$38,370,187
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.2%
|
|||
|
Angola - 0.1%
|
||
200,000
|
Angola Government International Bonds
8.00%, 11/26/2029(6)
|
$159,438
|
|
|
Argentina - 0.1%
|
||
150,000
|
Argentina Republic Government
International Bonds 4.13%, 07/09/2035(5)
|
100,033
|
|
|
Benin - 0.1%
|
||
200,000
|
Benin Government International Bonds
7.96%, 02/13/2038(6)
|
179,948
|
|
|
Brazil - 0.2%
|
||
|
Brazil Notas do Tesouro Nacional
|
|
|
BRL
434,000
|
10.00%, 01/01/2027
|
72,525
|
|
564,000
|
10.00%, 01/01/2031
|
85,237
|
|
176,000
|
10.00%, 01/01/2035
|
24,826
|
|
|
|
|
182,588
|
|
Bulgaria - 0.0%
|
||
EUR
15,000
|
Bulgaria Government International Bonds
1.38%, 09/23/2050(6)
|
10,036
|
|
|
Chile - 0.1%
|
||
|
Bonos de la Tesoreria de la Republica en
pesos
|
|
|
CLP
85,000,000
|
4.70%, 09/01/2030(6)
|
85,828
|
|
30,000,000
|
6.00%, 04/01/2033(6)
|
31,991
|
|
|
|
|
117,819
|
|
China - 0.2%
|
||
CNY
1,590,000
|
China Government Bonds 2.27%,
05/25/2034
|
229,716
|
|
|
Colombia - 0.3%
|
||
$ 240,000
|
Colombia Government International Bonds
5.00%, 06/15/2045
|
155,947
|
|
|
Colombia TES
|
|
|
COP
505,600,000
|
6.25%, 07/09/2036
|
76,500
|
|
300,800,000
|
7.00%, 06/30/2032
|
55,288
|
|
491,400,000
|
7.50%, 08/26/2026
|
113,680
|
|
|
|
|
401,415
|
|
Czech Republic - 0.1%
|
||
CZK
1,730,000
|
Czech Republic Government Bonds 2.50%,
08/25/2028(6)
|
76,791
|
|
|
Gabon - 0.4%
|
||
$ 710,000
|
Gabon Government International Bonds
6.63%, 02/06/2031(6)
|
505,074
|
|
|
Hungary - 0.0%
|
||
HUF
11,200,000
|
Hungary Government Bonds 3.00%,
08/21/2030
|
26,800
|
Shares or Principal Amount
|
|
Market Value†
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.2% - (continued)
|
|||
|
India - 0.1%
|
||
|
India Government Bonds
|
|
|
INR
2,470,000
|
6.10%, 07/12/2031
|
$29,128
|
|
3,950,000
|
6.64%, 06/16/2035
|
47,479
|
|
|
|
|
76,607
|
|
Indonesia - 0.2%
|
||
|
Indonesia Treasury Bonds
|
|
|
IDR
2,670,000,000
|
7.00%, 09/15/2030
|
163,053
|
|
436,000,000
|
7.13%, 06/15/2038
|
26,448
|
|
856,000,000
|
8.38%, 09/15/2026
|
52,882
|
|
|
|
|
242,383
|
|
Ivory Coast - 0.4%
|
||
|
Ivory Coast Government International
Bonds
|
|
|
EUR
310,000
|
4.88%, 01/30/2032(6)
|
304,439
|
|
200,000
|
5.88%, 10/17/2031(6)
|
207,184
|
|
|
|
|
511,623
|
|
Malaysia - 0.2%
|
||
|
Malaysia Government Bonds
|
|
|
MYR
468,000
|
3.83%, 07/05/2034
|
109,780
|
|
574,000
|
4.76%, 04/07/2037
|
145,358
|
|
|
|
|
255,138
|
|
Mexico - 0.1%
|
||
|
Mexico Bonos
|
|
|
MXN
1,148,800
|
8.00%, 05/24/2035
|
53,605
|
|
1,093,300
|
8.50%, 03/01/2029
|
55,456
|
|
$ 22,000
|
Mexico Government International Bonds
5.75%, 10/12/2110
|
16,623
|
|
|
|
|
125,684
|
|
Panama - 0.3%
|
||
355,000
|
Panama Government International Bonds
6.70%, 01/26/2036
|
342,000
|
|
|
Peru - 0.2%
|
||
|
Peru Government Bonds
|
|
|
PEN
296,000
|
5.40%, 08/12/2034
|
74,186
|
|
422,000
|
6.95%, 08/12/2031
|
124,704
|
|
184,000
|
7.60%, 08/12/2039(6)
|
52,018
|
|
|
|
|
250,908
|
|
Philippines - 0.1%
|
||
|
Philippines Government Bonds
|
|
|
PHP
1,630,000
|
6.25%, 03/22/2028
|
29,495
|
|
4,770,000
|
6.88%, 01/10/2029
|
88,130
|
|
|
|
|
117,625
|
|
Poland - 0.1%
|
||
PLN
421,000
|
Republic of Poland Government Bonds
3.75%, 05/25/2027
|
110,660
|
|
|
Romania - 0.8%
|
||
|
Romania Government Bonds
|
|
|
RON
130,000
|
5.00%, 02/12/2029
|
27,265
|
|
525,000
|
7.10%, 07/31/2034
|
116,384
|
|
215,000
|
8.25%, 09/29/2032
|
50,856
|
|
|
Romania Government International Bonds
|
|
|
EUR
80,000
|
2.12%, 07/16/2031(6)
|
74,215
|
|
240,000
|
2.75%, 04/14/2041(6)
|
162,617
|
|
89,000
|
2.88%, 04/13/2042(6)
|
60,506
|
|
320,000
|
3.75%, 02/07/2034(6)
|
299,688
|
|
115,000
|
5.38%, 03/22/2031(1)
|
128,820
|
|
$ 14,000
|
7.50%, 02/10/2037(1)
|
13,931
|
|
|
|
|
934,282
|
|
43
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 5.2% - (continued)
|
|||
|
South Africa - 0.3%
|
||
|
Republic of South Africa Government
Bonds
|
|
|
ZAR
1,130,000
|
8.00%, 01/31/2030
|
$58,856
|
|
4,135,000
|
8.75%, 01/31/2044
|
172,078
|
|
3,248,000
|
8.88%, 02/28/2035
|
156,543
|
|
|
|
|
387,477
|
|
Sri Lanka - 0.3%
|
||
|
Sri Lanka Government International Bonds
|
|
|
$ 85,000
|
3.60%, 05/15/2036(1)(5)
|
59,075
|
|
498,273
|
3.60%, 02/15/2038(1)(5)
|
348,791
|
|
|
|
|
407,866
|
|
Supranational - 0.3%
|
||
INR
12,560,000
|
Asian Development Bank 6.20%,
10/06/2026
|
148,173
|
|
BRL
515,000
|
European Investment Bank 9.25%,
01/28/2027(6)
|
86,481
|
|
|
International Bank for Reconstruction &
Development
|
|
|
MXN
2,160,000
|
5.65%, 06/03/2027
|
104,060
|
|
900,000
|
7.25%, 01/21/2027
|
45,132
|
|
|
|
|
383,846
|
|
Thailand - 0.1%
|
||
|
Thailand Government Bonds
|
|
|
THB
2,802,000
|
1.60%, 06/17/2035
|
81,422
|
|
2,672,000
|
3.78%, 06/25/2032
|
90,419
|
|
|
|
|
171,841
|
|
Uruguay - 0.1%
|
||
|
Uruguay Government International Bonds
|
|
|
UYU
876,737
|
4.38%, 12/15/2028(13)
|
21,583
|
|
731,528
|
4.38%, 12/15/2028(13)
|
18,029
|
|
651,000
|
8.50%, 03/15/2028(6)
|
15,037
|
|
1,687,000
|
9.75%, 07/20/2033
|
40,253
|
|
|
|
|
94,902
|
|
Total Foreign Government
Obligations
(cost $6,642,759)
|
|
$6,402,500
|
MUNICIPAL BONDS - 0.1%
|
|||
|
Higher Education - 0.1%
|
||
$ 125,000
|
Maricopa County Industrial Dev Auth, AZ,
Rev 7.38%, 10/01/2029(1)
|
$129,827
|
|
|
Total Municipal Bonds
(cost $125,000)
|
|
$129,827
|
SENIOR FLOATING RATE INTERESTS - 11.3%(14)
|
|||
|
Aerospace & Defense - 0.1%
|
||
|
Air Comm Corp. LLC
|
|
|
7,692
|
7.29%, 12/11/2031, 3 mo. USD Term
SOFR + 3.00%(15)
|
$7,587
|
|
92,308
|
7.32%, 11/21/2031, 1 mo. USD Term
SOFR + 3.00%
|
91,038
|
|
100,000
|
Barnes Group, Inc. 7.32%, 01/27/2032,
1 mo. USD Term SOFR + 3.00%
|
98,292
|
|
|
|
|
196,917
|
|
Airlines - 0.4%
|
||
149,250
|
AS Mileage Plan IP Ltd. 6.27%, 10/15/2031,
3 mo. USD Term SOFR + 2.00%
|
148,411
|
Shares or Principal Amount
|
|
Market Value†
|
|
SENIOR FLOATING RATE INTERESTS - 11.3%(14) - (continued)
|
|||
|
Airlines - 0.4% - (continued)
|
||
$ 249,373
|
JetBlue Airways Corp. 9.05%, 08/27/2029,
3 mo. USD Term SOFR + 4.75%
|
$224,436
|
|
100,000
|
Vista Management Holding, Inc. 8.05%,
04/01/2031, 3 mo. USD Term SOFR +
3.75%
|
99,458
|
|
|
|
|
472,305
|
|
Apparel - 0.1%
|
||
200,000
|
Hanesbrands, Inc. 7.07%, 03/07/2032,
1 mo. USD Term SOFR + 2.75%
|
197,834
|
|
|
Auto Parts & Equipment - 0.2%
|
||
130,000
|
Clarios Global LP 7.07%, 01/28/2032, 1 mo.
USD Term SOFR + 2.75%
|
127,129
|
|
99,441
|
First Brands Group LLC 9.54%, 03/30/2027,
3 mo. USD Term SOFR + 5.00%
|
91,983
|
|
|
|
|
219,112
|
|
Commercial Services - 1.8%
|
||
184,075
|
Belron Finance 2019 LLC 7.05%,
10/16/2031, 3 mo. USD Term SOFR +
2.75%
|
183,333
|
|
EUR
300,000
|
Boels Topholding BV 5.10%, 05/23/2031, 1
mo. EURIBOR + 2.75%
|
338,119
|
|
|
Citrin Cooperman Advisors LLC
|
|
|
$ 216,061
|
7.30%, 04/01/2032, 3 mo. USD Term
SOFR + 3.00%
|
213,630
|
|
13,939
|
7.32%, 04/01/2032, 1 mo. USD Term
SOFR + 3.00%(15)
|
13,783
|
|
138,427
|
Corp. Service Co. 6.32%, 11/02/2029, 1 mo.
USD Term SOFR + 2.00%
|
136,928
|
|
204,487
|
First Advantage Holdings LLC 7.57%,
10/31/2031, 1 mo. USD Term SOFR +
3.25%
|
202,762
|
|
99,750
|
PG Investment Co. 59 SARL 7.30%,
03/26/2031, 3 mo. USD Term SOFR +
3.00%
|
99,301
|
|
199,496
|
Ryan LLC 7.82%, 11/14/2030, 1 mo. USD
Term SOFR + 3.50%
|
198,798
|
|
EUR
250,000
|
Techem Verwaltungsgesellschaft 675 GmbH
6.03%, 07/15/2029, 3 mo. EURIBOR +
3.50%
|
284,253
|
|
$ 290,717
|
Trans Union LLC 6.07%, 06/24/2031, 1 mo.
USD Term SOFR + 1.75%
|
288,626
|
|
EUR
200,000
|
Verisure Holding AB 5.36%, 03/27/2028, 3
mo. EURIBOR + 3.00%
|
226,284
|
|
|
|
|
2,185,817
|
|
Construction Materials - 0.4%
|
||
|
Emerald Borrower LP
|
|
|
$ 99,500
|
6.80%, 08/04/2031, 3 mo. USD Term
SOFR + 2.50%
|
98,194
|
|
179,581
|
6.93%, 05/31/2030, 6 mo. USD Term
SOFR + 2.50%
|
177,270
|
|
200,000
|
Quikrete Holdings, Inc. 6.57%, 02/10/2032,
1 mo. USD Term SOFR + 2.25%
|
195,818
|
|
|
|
|
471,282
|
|
Distribution/Wholesale - 0.3%
|
||
192,715
|
American Builders & Contractors Supply
Co., Inc. 6.07%, 01/31/2031, 1 mo. USD
Term SOFR + 1.75%
|
192,381
|
|
99,750
|
Core & Main LP 6.27%, 02/09/2031, 6 mo.
USD Term SOFR + 2.00%
|
99,418
|
|
100,000
|
Gloves Buyer, Inc. 8.32%, 01/17/2032,
1 mo. USD Term SOFR + 4.00%
|
95,300
|
|
|
|
|
387,099
|
|
44
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
SENIOR FLOATING RATE INTERESTS - 11.3%(14) - (continued)
|
|||
|
Electric - 0.1%
|
||
$ 124,370
|
Vistra Operations Co. LLC 6.07%,
12/20/2030, 1 mo. USD Term SOFR +
1.75%
|
$123,801
|
|
|
Electronics - 0.1%
|
||
175,000
|
LSF12 Crown U.S. Commercial Bidco LLC
8.57%, 12/02/2031, 1 mo. USD Term
SOFR + 4.25%
|
167,708
|
|
|
Engineering & Construction - 0.2%
|
||
205,000
|
Newly Weds Foods, Inc. 6.58%, 03/15/2032,
1 mo. USD Term SOFR + 2.25%
|
203,719
|
|
|
Entertainment - 0.3%
|
||
100,000
|
EOC Borrower LLC 7.32%, 03/24/2032,
1 mo. USD Term SOFR + 3.00%
|
98,583
|
|
110,135
|
Great Canadian Gaming Corp. 9.05%,
11/01/2029, 3 mo. USD Term SOFR +
4.75%
|
105,895
|
|
124,687
|
UFC Holdings LLC 6.58%, 11/21/2031,
3 mo. USD Term SOFR + 2.25%
|
124,505
|
|
|
|
|
328,983
|
|
Environmental Control - 0.3%
|
||
390,949
|
Clean Harbors, Inc. 6.07%, 10/09/2028,
1 mo. USD Term SOFR + 1.75%
|
392,740
|
|
|
Food - 0.1%
|
||
194,756
|
U.S. Foods, Inc. 6.07%, 11/22/2028, 1 mo.
USD Term SOFR + 1.75%
|
195,340
|
|
|
Food Service - 0.1%
|
||
99,503
|
Golden State Foods LLC 8.57%,
12/04/2031, 1 mo. USD Term SOFR +
4.25%
|
99,556
|
|
|
Hand/Machine Tools - 0.1%
|
||
99,500
|
Madison Safety & Flow LLC 7.07%,
09/26/2031, 1 mo. USD Term SOFR +
2.75%
|
98,629
|
|
|
Healthcare - Products - 0.6%
|
||
10,639
|
Avantor Funding, Inc. 6.42%, 11/08/2027,
1 mo. USD Term SOFR + 2.00%
|
10,643
|
|
98,500
|
Bausch & Lomb Corp. 8.32%, 09/29/2028,
1 mo. USD Term SOFR + 4.00%
|
97,433
|
|
|
Hanger, Inc.
|
|
|
13,118
|
4.15%, 10/23/2031, 1 mo. USD Term
SOFR + 3.50%(15)
|
13,076
|
|
101,882
|
7.82%, 10/23/2031, 1 mo. USD Term
SOFR + 3.50%
|
101,555
|
|
99,227
|
Insulet Corp. 6.82%, 08/04/2031, 1 mo.
USD Term SOFR + 2.50%
|
99,078
|
|
376,894
|
Medline Borrower LP 6.57%, 10/23/2028,
1 mo. USD Term SOFR + 2.25%
|
374,105
|
|
|
|
|
695,890
|
|
Healthcare - Services - 0.1%
|
||
149,622
|
Star Parent, Inc. 8.30%, 09/27/2030, 3 mo.
USD Term SOFR + 4.00%
|
144,480
|
|
|
Home Builders - 0.2%
|
||
111,582
|
Installed Building Products, Inc. 6.07%,
03/28/2031, 1 mo. USD Term SOFR +
1.75%
|
111,558
|
|
155,000
|
Tecta America Corp. 7.32%, 02/18/2032,
1 mo. USD Term SOFR + 3.00%
|
153,224
|
|
|
|
|
264,782
|
Shares or Principal Amount
|
|
Market Value†
|
|
SENIOR FLOATING RATE INTERESTS - 11.3%(14) - (continued)
|
|||
|
Home Furnishings - 0.2%
|
||
$ 274,313
|
Tempur Sealy International, Inc. 6.78%,
10/24/2031, 1 mo. USD Term SOFR +
2.50%
|
$273,490
|
|
|
Insurance - 0.5%
|
||
99,750
|
AmWINS Group, Inc. 6.57%, 01/30/2032,
1 mo. USD Term SOFR + 2.25%
|
99,174
|
|
196,491
|
Asurion LLC 8.67%, 08/19/2028, 1 mo. USD
Term SOFR + 4.25%
|
190,109
|
|
330,027
|
HUB International Ltd. 6.77%, 06/20/2030,
3 mo. USD Term SOFR + 2.50%
|
327,684
|
|
|
|
|
616,967
|
|
Internet - 0.5%
|
||
140,239
|
Go Daddy Operating Co. LLC 6.07%,
11/09/2029, 1 mo. USD Term SOFR +
1.75%
|
139,579
|
|
|
MH Sub I LLC
|
|
|
65,337
|
8.57%, 05/03/2028, 1 mo. USD Term
SOFR + 4.25%
|
61,744
|
|
143,970
|
8.57%, 12/31/2031, 1 mo. USD Term
SOFR + 4.25%
|
125,845
|
|
169,352
|
Proofpoint, Inc. 7.32%, 08/31/2028, 1 mo.
USD Term SOFR + 3.00%
|
168,251
|
|
105,000
|
Speedster Bidco GmbH 7.55%, 12/10/2031,
3 mo. USD Term SOFR + 3.25%
|
104,081
|
|
|
|
|
599,500
|
|
Investment Company Security - 0.2%
|
||
199,500
|
Dragon Buyer, Inc. 7.30%, 09/30/2031,
3 mo. USD Term SOFR + 3.00%
|
198,153
|
|
|
IT Services - 0.6%
|
||
195,000
|
Kaseya, Inc. 7.57%, 03/20/2032, 1 mo. USD
Term SOFR + 3.25%
|
193,467
|
|
251,277
|
McAfee LLC 7.32%, 03/01/2029, 1 mo. USD
Term SOFR + 3.00%
|
235,258
|
|
EUR
100,000
|
Nielsen Consumer, Inc. 5.65%, 03/06/2028,
1 mo. EURIBOR + 3.50%
|
112,269
|
|
$ 250,000
|
Sandisk Corp. 7.33%, 02/20/2032, 3 mo.
USD Term SOFR + 3.00%
|
238,125
|
|
|
|
|
779,119
|
|
Leisure Time - 0.2%
|
||
191,775
|
Hayward Industries, Inc. 6.94%,
05/30/2028, 1 mo. USD Term SOFR +
2.50%
|
190,896
|
|
109,724
|
LC AHAB U.S. Bidco LLC 7.32%,
05/01/2031, 1 mo. USD Term SOFR +
3.00%
|
106,433
|
|
|
|
|
297,329
|
|
Machinery - Construction & Mining - 0.1%
|
||
100,000
|
Terex Corp. 6.30%, 10/08/2031, 3 mo. USD
Term SOFR + 2.00%
|
99,675
|
|
|
Media - 0.1%
|
||
99,959
|
NEP Group, Inc. 7.82%, 08/19/2026, 3 mo.
USD Term SOFR + 3.25%(12)
|
89,447
|
|
|
Mining - 0.1%
|
||
120,000
|
Novelis Corp. 6.29%, 03/11/2032, 3 mo.
USD Term SOFR + 2.00%
|
119,626
|
|
|
Miscellaneous Manufacturing - 0.1%
|
||
100,000
|
John Bean Technologies Corp. 6.67%,
01/02/2032, 1 mo. USD Term SOFR +
2.25%
|
99,625
|
|
45
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
SENIOR FLOATING RATE INTERESTS - 11.3%(14) - (continued)
|
|||
|
Packaging & Containers - 0.8%
|
||
$ 460,267
|
Clydesdale Acquisition Holdings, Inc.
7.50%, 04/13/2029, 1 mo. USD Term
SOFR + 3.18%
|
$456,759
|
|
416,997
|
Proampac PG Borrower LLC 8.28%,
09/15/2028, 3 mo. USD Term SOFR +
4.00%
|
409,492
|
|
104,729
|
TricorBraun Holdings, Inc. 7.69%,
03/03/2028, 1 mo. USD Term SOFR +
3.25%
|
103,138
|
|
|
|
|
969,389
|
|
Pharmaceuticals - 0.6%
|
||
200,000
|
Bausch Health Cos., Inc. 10.54%,
10/08/2030, 1 mo. USD Term SOFR +
6.25%
|
188,334
|
|
EUR
159,911
|
Grifols SA 4.75%, 11/15/2027, 3 mo.
EURIBOR + 2.25%
|
179,425
|
|
290,000
|
IVC Acquisition Ltd. 6.43%, 12/12/2028, 3
mo. EURIBOR + 4.00%
|
326,127
|
|
|
|
|
693,886
|
|
Pipelines - 0.1%
|
||
$ 99,750
|
EPIC Crude Services LP 7.26%,
10/15/2031, 3 mo. USD Term SOFR +
3.00%
|
99,554
|
|
|
Retail - 0.8%
|
||
170,000
|
Flynn Restaurant Group LP 8.07%,
01/28/2032, 1 mo. USD Term SOFR +
3.75%
|
165,750
|
|
159,600
|
Great Outdoors Group LLC 7.57%,
01/23/2032, 1 mo. USD Term SOFR +
3.25%
|
155,730
|
|
199,500
|
IRB Holding Corp. 6.82%, 12/15/2027,
1 mo. USD Term SOFR + 2.50%
|
197,832
|
|
341,045
|
LBM Acquisition LLC 8.18%, 06/06/2031,
1 mo. USD Term SOFR + 3.75%
|
322,076
|
|
124,359
|
Specialty Building Products Holdings LLC
8.17%, 10/15/2028, 1 mo. USD Term
SOFR + 3.75%
|
115,879
|
|
|
|
|
957,267
|
|
Semiconductors - 0.1%
|
||
126,185
|
MKS Instruments, Inc. 6.32%, 08/17/2029,
1 mo. USD Term SOFR + 2.00%
|
124,986
|
|
|
Software - 0.7%
|
||
150,000
|
BCPE Pequod Buyer, Inc. 7.82%,
11/25/2031, 1 mo. USD Term SOFR +
3.50%
|
149,469
|
|
200,000
|
Cotiviti Corp. 7.08%, 03/26/2032, 1 mo.
USD Term SOFR + 2.75%
|
195,250
|
|
125,000
|
QXO, Inc. 7.28%, 04/23/2032, 1 mo. USD
Term SOFR + 3.00%
|
124,844
|
|
167,399
|
Surf Holdings LLC 7.93%, 03/05/2027,
1 mo. USD Term SOFR + 3.50%
|
167,138
|
|
192,538
|
Zelis Payments Buyer, Inc. 7.07%,
09/28/2029, 1 mo. USD Term SOFR +
2.75%
|
187,724
|
|
|
|
|
824,425
|
|
Transportation - 0.1%
|
||
185,289
|
First Student Bidco, Inc. 6.80%, 07/21/2028,
3 mo. USD Term SOFR + 2.50%
|
184,275
|
|
|
Total Senior Floating Rate Interests
(cost $14,003,691)
|
$13,872,707
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 6.8%
|
|||
|
Mortgage-Backed Agencies - 6.8%
|
||
|
Federal Home Loan Mortgage Corp. - 2.4%
|
||
$ 290,095
|
5.00%, 09/01/2052
|
$284,982
|
|
860,149
|
5.50%, 08/01/2054
|
859,435
|
|
55,000
|
7.75%, 10/25/2041, 30 day USD SOFR
Average + 3.40%(1)(2)
|
56,360
|
|
125,000
|
8.60%, 05/25/2044, 30 day USD SOFR
Average + 4.25%(1)(2)
|
129,634
|
|
275,000
|
11.20%, 11/25/2051, 30 day USD SOFR
Average + 6.85%(1)(2)
|
291,390
|
|
205,000
|
11.45%, 01/25/2042, 30 day USD SOFR
Average + 7.10%(1)(2)
|
217,173
|
|
280,000
|
12.07%, 03/25/2050, 30 day USD SOFR
Average + 7.71%(1)(2)
|
330,027
|
|
455,000
|
12.15%, 11/25/2041, 30 day USD SOFR
Average + 7.80%(1)(2)
|
484,006
|
|
250,000
|
13.60%, 05/25/2043, 30 day USD SOFR
Average + 9.25%(1)(2)
|
266,782
|
|
|
|
|
2,919,789
|
|
Federal National Mortgage Association - 0.2%
|
||
283,036
|
5.00%, 09/01/2052
|
278,049
|
|
|
Uniform Mortgage-Backed Security - 4.2%
|
||
5,215,000
|
5.50%, 05/01/2054(16)
|
5,203,742
|
|
|
Total U.S. Government Agencies
(cost $8,480,360)
|
|
$8,401,580
|
U.S. GOVERNMENT SECURITIES - 21.3%
|
|||
|
U.S. Treasury Securities - 21.3%
|
||
|
U.S. Treasury Bonds - 7.4%
|
||
390,000
|
2.25%, 08/15/2046
|
$257,964
|
|
1,690,000
|
2.50%, 05/15/2046(17)
|
1,178,973
|
|
1,925,000
|
3.38%, 11/15/2048(17)
|
1,537,669
|
|
470,000
|
3.63%, 08/15/2043
|
408,239
|
|
525,000
|
3.63%, 05/15/2053
|
434,499
|
|
350,000
|
3.88%, 02/15/2043
|
316,777
|
|
2,885,000
|
4.13%, 08/15/2044
|
2,674,034
|
|
290,000
|
4.25%, 08/15/2054
|
268,839
|
|
2,125,000
|
4.50%, 11/15/2054
|
2,056,934
|
|
|
|
|
9,133,928
|
|
U.S. Treasury Inflation-Indexed Bonds - 2.1%
|
||
1,110,623
|
0.25%, 02/15/2050(13)
|
648,507
|
|
104,074
|
0.63%, 02/15/2043(13)
|
77,834
|
|
1,291,898
|
0.75%, 02/15/2042(13)
|
1,008,975
|
|
453,865
|
0.75%, 02/15/2045(13)
|
333,476
|
|
134,645
|
1.00%, 02/15/2046(13)
|
102,539
|
|
499,648
|
1.38%, 02/15/2044(13)
|
422,388
|
|
|
|
|
2,593,719
|
|
U.S. Treasury Inflation-Indexed Notes - 1.3%
|
||
1,603,525
|
1.75%, 01/15/2034(13)
|
1,587,887
|
|
|
U.S. Treasury Notes - 10.5%
|
||
1,478,000
|
3.88%, 08/15/2034(18)
|
1,447,747
|
|
7,855,000
|
4.00%, 03/31/2030
|
7,952,574
|
|
310,000
|
4.25%, 02/15/2028
|
315,401
|
|
3,055,000
|
4.25%, 11/15/2034(17)
|
3,078,390
|
|
42,500
|
4.63%, 02/15/2035
|
44,094
|
|
|
|
|
12,838,206
|
|
Total U.S. Government Securities
(cost $26,722,549)
|
|
$26,153,740
|
COMMON STOCKS - 0.0%
|
|||
|
Automobiles & Components - 0.0%
|
||
83
|
Aptiv PLC*
|
$4,736
|
|
46
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
COMMON STOCKS - 0.0% - (continued)
|
|||
|
Financial Services - 0.0%
|
||
33,932
|
Unifin Financiera SAB de CV*(19)(20)
|
$2,236
|
|
250,000
|
Unifin Financiera SAB de CV*(10)(19)(20)
|
25,000
|
|
|
|
|
27,236
|
|
Health Care Equipment & Services - 0.0%
|
||
17
|
Becton Dickinson & Co.
|
3,520
|
|
|
Real Estate Management & Development - 0.0%
|
||
90
|
Zillow Group, Inc. Class C*
|
6,060
|
|
|
Total Common Stocks
(cost $34,749)
|
|
$41,552
|
PREFERRED STOCKS - 0.9%
|
|||
|
Banks - 0.0%
|
||
1,600
|
JP Morgan Chase & Co. Series MM,
4.20%(21)
|
$28,480
|
|
|
Capital Goods - 0.2%
|
||
3,641
|
Boeing Co. (Preference Shares), 6.00%
|
223,485
|
|
|
Equity Real Estate Investment Trusts (REITs) - 0.0%
|
||
1,700
|
Public Storage Series K, REIT, 4.75%(21)
|
32,793
|
|
|
Financial Services - 0.3%
|
||
3,200
|
Ares Management Corp. Series B, 6.75%
|
157,984
|
|
1,827
|
Bank of New York Mellon Corp. Series K,
6.15%*(21)
|
45,894
|
|
1,519
|
Corebridge Financial, Inc. (Preference
Shares), 6.38%
|
36,244
|
|
2,650
|
Morgan Stanley Series Q, 6.63%(21)
|
66,621
|
|
2,700
|
Synchrony Financial Series B, 8.25%(21)
|
68,121
|
|
|
|
|
374,864
|
|
Insurance - 0.1%
|
||
1,644
|
Enstar Group Ltd. Series D, 7.00%(21)
|
35,050
|
|
|
Telecommunication Services - 0.1%
|
||
725
|
U.S. Cellular Corp. (Preference Shares),
6.25%
|
17,110
|
|
2,325
|
U.S. Cellular Corp. (Preference Shares),
5.50%
|
51,057
|
|
1,925
|
U.S. Cellular Corp. (Preference Shares),
5.50%
|
42,696
|
|
|
|
|
110,863
|
|
Utilities - 0.2%
|
||
1,049
|
NextEra Energy, Inc. (Preference Shares),
6.93%
|
40,387
|
|
1,700
|
NextEra Energy, Inc. (Preference Shares),
7.30%
|
78,863
|
|
475
|
Sempra (Preference Shares), 5.75%
|
9,899
|
|
3,825
|
Southern Co. (Preference Shares), 6.50%
|
97,652
|
|
1,123
|
Southern Co. Series 2020, 4.95%
|
22,516
|
|
|
|
|
249,317
|
|
Total Preferred Stocks
(cost $1,053,487)
|
|
$1,054,852
|
WARRANTS - 0.0%
|
|||
|
Semiconductors & Semiconductor Equipment - 0.0%
|
||
1,500
|
Maxeon Solar Technologies Ltd. Expires
01/15/2028*(19)(20)
|
$708
|
|
|
Total Warrants
(cost $—)
|
|
$708
|
|
Total Long-Term Investments
(cost $125,945,185)
|
|
$124,715,682
|
Shares or Principal Amount
|
|
Market Value†
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
Repurchase Agreements - 0.3%
|
||
$ 414,038
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at
4.37%, due on 05/01/2025 with a
maturity value of $414,088;
collateralized by U.S. Treasury Note at
4.38%, maturing 07/31/2026, with a
market value of $422,439
|
$414,038
|
|
|
Total Short-Term Investments
(cost $414,038)
|
$414,038
|
|
|
Total Investments
(cost $126,359,223)
|
101.9
%
|
$125,129,720
|
|
Other Assets and Liabilities
|
(1.9
)%
|
(2,341,642
)
|
|
Net Assets
|
100.0
%
|
$122,788,078
|
*
|
Non-income producing.
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of these securities was
$39,072,176, representing 31.8% of net assets.
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at April
30,
2025. Base lending rates may be subject to a floor or cap.
|
(3)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
(4)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was $622,716
at April 30, 2025.
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
(6)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At April 30, 2025, the aggregate value
of these securities was $19,565,845, representing 15.9% of net assets.
|
(7)
|
Security is a zero-coupon bond.
|
(8)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
April 30, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
|
47
|
|
(9)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
(10)
|
Share amount represents shares of the issuer previously held that resulted in
receipt of the escrow.
|
(11)
|
Non-income producing. For long-term debt securities, items identified are in default
as to payment of interest and/or principal.
|
(12)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
(13)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
(14)
|
Senior floating rate interests generally pay interest rates which are periodically
adjusted by reference to a base short-term, floating lending rate plus a premium.
The base lending rates are primarily the Secured Overnight Financing Rate
("SOFR") and secondarily, the prime rate offered by one or more major
United States banks (the "Prime Rate"). Senior floating rate interests often require
prepayments from excess cash flows or permit the borrower to repay at its
election. The rate at which the borrower repays cannot be predicted with accuracy.
As a result, the actual remaining maturity may be substantially less than the stated
maturities shown. Base lending rates may be subject to a floor or cap. Unless
otherwise noted, the interest rate disclosed for these securities represents the rate
in effect as of April 30, 2025.
|
(15)
|
This security, or a portion of this security, has unfunded loan commitments. As of
April 30, 2025, the aggregate value of the unfunded commitment was $34,446,
which represents to 0.0% of total net assets.
|
(16)
|
Represents or includes a TBA transaction.
|
(17)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of April 30, 2025, the market value of
securities pledged was $2,533,993.
|
(18)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of April 30, 2025, the market value of securities pledged was
$1,048,098.
|
(19)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $27,944 or 0.0% of net
assets.
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
06/2024
|
Maxeon Solar
Technologies Ltd.
Expires 01/15/2028
Warrants
|
1,500
|
$—
|
$708
|
08/2024
|
Unifin Financiera SAB de
CV
|
250,000
|
7,500
|
25,000
|
08/2024
|
Unifin Financiera SAB de
CV
|
33,932
|
7,500
|
2,236
|
|
|
|
$15,000
|
$27,944
|
(20)
|
Investment valued using significant unobservable inputs.
|
(21)
|
Perpetual security with no stated maturity date.
|
OTC Swaptions Outstanding at April 30, 2025
|
||||||||||
Description
|
Counter-
party
|
Exercise Price/
FX Rate/Rate
|
Pay/
Receive
Floating
Rate
|
Expiration
Date
|
Notional
Amount
|
|
Value†
|
Premiums
Paid
(Received)
by Fund
|
Unrealized
Appreciation/
(Depreciation)
|
|
Written swaptions:
|
||||||||||
Call
|
||||||||||
CDX.NA.HY.S44.V1
|
BOA
|
103.00
%
|
Pay
|
05/21/2025
|
USD
|
(3,030,000
)
|
|
$(30,248
)
|
$(24,846
)
|
$(5,402
)
|
ITRAXX-XOVER S43.V1
|
BOA
|
400.00
%
|
Pay
|
05/21/2025
|
EUR
|
(2,875,000
)
|
|
(73,655
)
|
(42,663
)
|
(30,992
)
|
|
$(103,903
)
|
$(67,509
)
|
$(36,394
)
|
|||||||
Put
|
||||||||||
CDX.NA.HY.S44.V1
|
BOA
|
103.00
%
|
Pay
|
05/21/2025
|
USD
|
(3,030,000
)
|
|
$(30,248
)
|
$(43,329
)
|
$13,081
|
ITRAXX-XOVER S43.V1
|
BOA
|
400.00
%
|
Pay
|
05/21/2025
|
EUR
|
(2,875,000
)
|
|
(73,654
)
|
(54,770
)
|
(18,884
)
|
|
$(103,902
)
|
$(98,099
)
|
$(5,803
)
|
|||||||
Total Written Option Contracts OTC swaption contracts
|
$(207,805
)
|
$(165,608
)
|
$(42,197
)
|
Futures Contracts Outstanding at April 30, 2025
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Long position contracts:
|
||||
Australian 10-Year Bond Future
|
29
|
06/16/2025
|
$2,133,381
|
$53,900
|
Canadian 10-Years Bond Future
|
20
|
06/19/2025
|
1,790,487
|
5,948
|
Euro-BUND Future
|
1
|
06/06/2025
|
149,801
|
886
|
U.S. Treasury 2-Year Note Future
|
13
|
06/30/2025
|
2,705,930
|
5,460
|
U.S. Treasury 5-Year Note Future
|
322
|
06/30/2025
|
35,160,891
|
270,905
|
U.S. Treasury 10-Year Note Future
|
99
|
06/18/2025
|
11,109,656
|
(76,796
)
|
U.S. Treasury 10-Year Ultra Future
|
33
|
06/18/2025
|
3,786,234
|
15,110
|
Total
|
|
|
|
$275,413
|
|
48
|
|
Futures Contracts Outstanding at April 30, 2025 – (continued)
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Short position contracts:
|
||||
Euro BUXL 30-Year Bond Future
|
(4)
|
06/06/2025
|
$(564,283
)
|
$(17,160
)
|
Euro-BOBL Future
|
(16)
|
06/06/2025
|
(2,175,830
)
|
(21,841
)
|
French Government Bond Future
|
(7)
|
06/06/2025
|
(999,749
)
|
(26,283
)
|
U.S. Treasury Long Bond Future
|
(2)
|
06/18/2025
|
(233,250
)
|
(6,472
)
|
U.S. Treasury Ultra Bond Future
|
(10)
|
06/18/2025
|
(1,210,312
)
|
(29,541
)
|
Total
|
|
|
|
$(101,297
)
|
Total futures contracts
|
$174,116
|
Centrally Cleared Credit Default Swap Contracts Outstanding at April 30, 2025
|
|||||||||
Reference Entity
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
Credit default swaps on indices:
|
|
||||||||
Buy protection:
|
|
||||||||
CDX.EM.S43.V1
|
USD
|
70,000
|
(1.00%)
|
06/20/2030
|
Quarterly
|
$3,836
|
$—
|
$3,018
|
$(818
)
|
Sell protection:
|
|
||||||||
CDX.NA.HY.S44.V1
|
USD
|
14,852,450
|
5.00%
|
06/20/2030
|
Quarterly
|
$438,970
|
$—
|
$597,052
|
$158,082
|
ITRAXX-XOVER S43.V1
|
EUR
|
4,080,000
|
5.00%
|
06/20/2030
|
Quarterly
|
178,803
|
—
|
325,234
|
146,431
|
Total
|
$617,773
|
$—
|
$922,286
|
$304,513
|
|||||
Credit default swaps on single-name
issues:
|
|
|
|
|
|
|
|
|
|
Buy protection:
|
|
||||||||
Barclays PLC
|
EUR
|
150,000
|
(1.00%)
|
12/20/2029
|
Quarterly
|
$805
|
$—
|
$1,799
|
$994
|
Societe Generale SA
|
EUR
|
30,000
|
(1.00%)
|
06/20/2030
|
Quarterly
|
460
|
—
|
(95
)
|
(555
)
|
Total
|
|
|
|
|
|
$1,265
|
$—
|
$1,704
|
$439
|
Sell protection:
|
|
||||||||
Danske Bank AS (A-)
|
EUR
|
150,000
|
1.00%
|
12/20/2029
|
Quarterly
|
$—
|
$(336
)
|
$472
|
$808
|
Lloyds Banking Group PLC (BB-)
|
EUR
|
30,000
|
1.00%
|
06/20/2030
|
Quarterly
|
—
|
(376
)
|
(431
)
|
(55
)
|
Total
|
|
|
|
|
|
$—
|
$(712
)
|
$41
|
$753
|
Total
|
|
|
|
|
|
$1,265
|
$(712
)
|
$1,745
|
$1,192
|
Total centrally cleared credit default swap contracts
|
$622,874
|
$(712
)
|
$927,049
|
$304,887
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at April 30, 2025
|
|||||||||
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)
|
|
4.16% Fixed
|
12 Mo. USD SOFR
|
USD
|
2,275,000
|
03/19/2045
|
Annual
|
$—
|
$(39,717
)
|
$(85,708
)
|
$(45,991
)
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
280,000
|
03/15/2053
|
Annual
|
839
|
—
|
42,130
|
41,291
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
190,000
|
03/15/2053
|
Annual
|
2,052
|
—
|
31,537
|
29,485
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
125,000
|
06/21/2053
|
Annual
|
—
|
(1,227
)
|
14,238
|
15,465
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
695,000
|
09/20/2053
|
Annual
|
11,326
|
—
|
33,253
|
21,927
|
3.75% Fixed
|
12 Mo. USD SOFR
|
USD
|
215,000
|
12/18/2054
|
Annual
|
314
|
—
|
3,079
|
2,765
|
Total centrally cleared interest rate swaps contracts
|
$14,531
|
$(40,944
)
|
$38,529
|
$64,942
|
Foreign Currency Contracts Outstanding at April 30, 2025
|
||||||
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
632,000
|
BRL
|
110,774
|
USD
|
JPM
|
06/03/2025
|
$(76
)
|
67,070,000
|
CLP
|
71,169
|
USD
|
CBK
|
06/18/2025
|
(1,067
)
|
44,700,000
|
COP
|
10,638
|
USD
|
CBK
|
06/18/2025
|
(130
)
|
|
49
|
|
Foreign Currency Contracts Outstanding at April 30, 2025 – (continued)
|
||||||
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
87,288,000
|
COP
|
20,754
|
USD
|
MSC
|
06/18/2025
|
$(236
)
|
206,000
|
EUR
|
223,940
|
USD
|
SGG
|
06/18/2025
|
10,954
|
53,000
|
EUR
|
57,798
|
USD
|
WEST
|
06/18/2025
|
2,636
|
53,000
|
EUR
|
58,503
|
USD
|
HSBC
|
06/18/2025
|
1,930
|
57,000
|
EUR
|
63,238
|
USD
|
SSG
|
06/18/2025
|
1,757
|
17,000
|
EUR
|
18,759
|
USD
|
BCLY
|
06/18/2025
|
626
|
5,000
|
EUR
|
5,482
|
USD
|
JPM
|
06/18/2025
|
219
|
54,427,000
|
HUF
|
147,196
|
USD
|
BCLY
|
06/18/2025
|
5,396
|
1,009,308,000
|
IDR
|
61,021
|
USD
|
MSC
|
06/18/2025
|
(340
)
|
1,162,000,000
|
IDR
|
70,441
|
USD
|
CBK
|
06/18/2025
|
(581
)
|
3,023,000
|
INR
|
34,424
|
USD
|
CBK
|
06/18/2025
|
1,230
|
2,460,000
|
MXN
|
119,755
|
USD
|
WFB
|
06/18/2025
|
5,065
|
20,000
|
MXN
|
990
|
USD
|
CBK
|
06/18/2025
|
24
|
3,560,000
|
PHP
|
62,103
|
USD
|
GSC
|
06/18/2025
|
1,551
|
21,000
|
PLN
|
5,433
|
USD
|
BCLY
|
06/18/2025
|
141
|
101,000
|
RON
|
22,036
|
USD
|
GSC
|
06/18/2025
|
973
|
750,000
|
THB
|
22,324
|
USD
|
CBK
|
06/18/2025
|
210
|
2,785,000
|
TRY
|
70,213
|
USD
|
BCLY
|
06/18/2025
|
(1,835
)
|
535,554
|
USD
|
880,000
|
AUD
|
SCB
|
05/07/2025
|
(27,546
)
|
551,544
|
USD
|
860,000
|
AUD
|
BOA
|
06/05/2025
|
1,067
|
869
|
USD
|
5,000
|
BRL
|
MSC
|
06/03/2025
|
(7
)
|
289,071
|
USD
|
410,000
|
CAD
|
BOA
|
05/07/2025
|
(7,855
)
|
268,960
|
USD
|
370,000
|
CAD
|
SGG
|
06/05/2025
|
602
|
212,349
|
USD
|
180,000
|
CHF
|
NWM
|
05/07/2025
|
(6,879
)
|
201,232
|
USD
|
165,000
|
CHF
|
SSG
|
06/05/2025
|
(441
)
|
44,335
|
USD
|
40,700,000
|
CLP
|
MSC
|
06/18/2025
|
1,796
|
24,497
|
USD
|
176,000
|
CNH
|
CBK
|
06/18/2025
|
205
|
13,858
|
USD
|
100,000
|
CNH
|
SSG
|
06/18/2025
|
55
|
3,969
|
USD
|
16,741,000
|
COP
|
CBK
|
06/18/2025
|
34
|
3,961
|
USD
|
16,742,000
|
COP
|
MSC
|
06/18/2025
|
26
|
73,756
|
USD
|
1,686,000
|
CZK
|
CBK
|
06/18/2025
|
(3,178
)
|
557,885
|
USD
|
505,000
|
EUR
|
SSG
|
05/07/2025
|
(16,417
)
|
4,635,256
|
USD
|
4,056,609
|
EUR
|
JPM
|
05/30/2025
|
15,295
|
4,891,597
|
USD
|
4,286,900
|
EUR
|
DEUT
|
05/30/2025
|
9,363
|
43,800
|
USD
|
38,473
|
EUR
|
GSC
|
05/30/2025
|
(17
)
|
549,369
|
USD
|
483,000
|
EUR
|
SSG
|
06/05/2025
|
(893
)
|
4,565
|
USD
|
4,000
|
EUR
|
JPM
|
06/18/2025
|
4
|
3,408,203
|
USD
|
3,112,000
|
EUR
|
DEUT
|
06/18/2025
|
(140,288
)
|
530,764
|
USD
|
408,000
|
GBP
|
NWM
|
05/07/2025
|
(14,198
)
|
9,317
|
USD
|
7,000
|
GBP
|
MSC
|
05/30/2025
|
(34
)
|
836,583
|
USD
|
629,020
|
GBP
|
BCLY
|
05/30/2025
|
(3,689
)
|
449,819
|
USD
|
337,000
|
GBP
|
SSG
|
06/05/2025
|
(369
)
|
18,546
|
USD
|
6,600,000
|
HUF
|
BCLY
|
06/18/2025
|
42
|
85,233
|
USD
|
1,419,000,000
|
IDR
|
MSC
|
06/18/2025
|
(78
)
|
18,909
|
USD
|
1,660,000
|
INR
|
GSC
|
06/18/2025
|
(669
)
|
506,690
|
USD
|
73,400,000
|
JPY
|
SSG
|
05/07/2025
|
(8,295
)
|
420,098
|
USD
|
59,800,000
|
JPY
|
SGG
|
06/05/2025
|
(839
)
|
7,095
|
USD
|
140,000
|
MXN
|
SSG
|
06/18/2025
|
(9
)
|
197,244
|
USD
|
869,000
|
MYR
|
HSBC
|
06/18/2025
|
(4,504
)
|
367,167
|
USD
|
3,900,000
|
NOK
|
GSC
|
05/07/2025
|
(8,921
)
|
275,260
|
USD
|
2,860,000
|
NOK
|
GSC
|
06/05/2025
|
(539
)
|
71,369
|
USD
|
260,000
|
PEN
|
CBK
|
06/18/2025
|
753
|
8,138
|
USD
|
30,000
|
PEN
|
GSC
|
06/18/2025
|
(10
)
|
27,429
|
USD
|
1,570,000
|
PHP
|
JPM
|
06/18/2025
|
(643
)
|
9,326
|
USD
|
35,000
|
PLN
|
BOA
|
06/18/2025
|
37
|
13,693
|
USD
|
60,000
|
RON
|
BCLY
|
06/18/2025
|
24
|
204,845
|
USD
|
2,030,000
|
SEK
|
NWM
|
05/07/2025
|
(5,718
)
|
200,330
|
USD
|
1,930,000
|
SEK
|
BOA
|
06/05/2025
|
(218
)
|
188,119
|
USD
|
6,321,000
|
THB
|
CBK
|
06/18/2025
|
(1,800
)
|
12,293
|
USD
|
226,000
|
ZAR
|
UBS
|
06/18/2025
|
194
|
8,053
|
USD
|
150,000
|
ZAR
|
BCLY
|
06/18/2025
|
23
|
Total foreign currency contracts
|
$(196,087
)
|
|
50
|
|
Foreign Cross Currency Contracts Outstanding at April 30, 2025
|
||||||
Contract
Amount
|
Counterparty
|
Delivery Date
|
Contract
Amount
|
Unrealized
Appreciation/
Depreciation
|
||
EUR
|
250,429
|
JPM
|
05/30/2025
|
GBP
|
251,860
|
$(1,431
)
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$21,838,153
|
$—
|
$21,838,153
|
$—
|
Convertible Bonds
|
8,449,876
|
—
|
8,449,876
|
—
|
Corporate Bonds
|
38,370,187
|
—
|
38,370,187
|
—
|
Foreign Government Obligations
|
6,402,500
|
—
|
6,402,500
|
—
|
Municipal Bonds
|
129,827
|
—
|
129,827
|
—
|
Senior Floating Rate Interests
|
13,872,707
|
—
|
13,872,707
|
—
|
U.S. Government Agencies
|
8,401,580
|
—
|
8,401,580
|
—
|
U.S. Government Securities
|
26,153,740
|
—
|
26,153,740
|
—
|
Common Stocks
|
41,552
|
14,316
|
—
|
27,236
|
Preferred Stocks
|
1,054,852
|
1,054,852
|
—
|
—
|
Warrants
|
708
|
—
|
—
|
708
|
Short-Term Investments
|
414,038
|
—
|
414,038
|
—
|
Foreign Currency Contracts(2)
|
62,232
|
—
|
62,232
|
—
|
Futures Contracts(2)
|
352,209
|
352,209
|
—
|
—
|
Swaps - Credit Default(2)
|
306,315
|
—
|
306,315
|
—
|
Swaps - Interest Rate(2)
|
110,933
|
—
|
110,933
|
—
|
Total
|
$125,961,409
|
$1,421,377
|
$124,512,088
|
$27,944
|
Liabilities
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(259,750
)
|
$—
|
$(259,750
)
|
$—
|
Futures Contracts(2)
|
(178,093
)
|
(178,093
)
|
—
|
—
|
Swaps - Interest Rate(2)
|
(45,991
)
|
—
|
(45,991
)
|
—
|
Swaps - Credit Default(2)
|
(1,428
)
|
—
|
(1,428
)
|
—
|
Written Options
|
(207,805
)
|
—
|
(207,805
)
|
—
|
Total
|
$(693,067
)
|
$(178,093
)
|
$(514,974
)
|
$—
|
(1)
|
For the period ended April 30, 2025, 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.
|
|
51
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6%
|
|||
|
Asset-Backed - Automobile - 1.0%
|
||
|
Avis Budget Rental Car Funding AESOP LLC
|
|
|
$ 1,535,000
|
5.36%, 06/20/2030(1)
|
$1,567,966
|
|
540,000
|
5.58%, 12/20/2030(1)
|
541,964
|
|
1,565,000
|
Bridgecrest Lending Auto Securitization Trust
5.43%, 08/15/2028
|
1,572,063
|
|
955,000
|
Citizens Auto Receivables Trust 5.03%,
10/15/2030(1)
|
966,035
|
|
135,455
|
CPS Auto Receivables Trust 5.91%,
08/16/2027(1)
|
135,547
|
|
1,250,000
|
Credit Acceptance Auto Loan Trust 5.68%,
03/15/2034(1)
|
1,267,257
|
|
140,876
|
Exeter Automobile Receivables Trust 6.11%,
09/15/2027
|
141,076
|
|
958,000
|
Flagship Credit Auto Trust 5.64%, 07/16/2029(1)
|
968,059
|
|
2,645,000
|
GLS Auto Receivables Issuer Trust 4.98%,
07/16/2029(1)
|
2,669,783
|
|
650,000
|
GLS Auto Select Receivables Trust 4.50%,
11/15/2030(1)
|
651,386
|
|
1,340,000
|
Hertz Vehicle Financing III LLC 5.13%,
09/25/2031(1)
|
1,342,875
|
|
1,650,000
|
Hyundai Auto Lease Securitization Trust 5.35%,
05/15/2028(1)
|
1,663,366
|
|
1,440,000
|
Prestige Auto Receivables Trust 5.71%,
05/15/2028(1)
|
1,446,627
|
|
|
Santander Bank Auto Credit-Linked Notes
|
|
|
1,020,000
|
4.97%, 01/18/2033(1)
|
1,021,371
|
|
180,866
|
5.64%, 12/15/2033(1)
|
182,097
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
334,981
|
4.98%, 02/15/2028
|
335,050
|
|
450,000
|
5.98%, 04/16/2029
|
458,094
|
|
|
SFS Auto Receivables Securitization Trust
|
|
|
360,000
|
5.38%, 01/21/2031(1)
|
367,813
|
|
625,000
|
5.71%, 01/22/2030(1)
|
643,804
|
|
319,412
|
Tricolor Auto Securitization Trust 6.61%,
10/15/2027(1)
|
320,745
|
|
1,402,883
|
Wheels Fleet Lease Funding 1 LLC 6.46%,
08/18/2038(1)
|
1,424,615
|
|
|
|
|
19,687,593
|
|
Asset-Backed - Manufactured Housing - 0.0%
|
||
359,991
|
Cascade MH Asset Trust 1.75%, 02/25/2046(1)
|
323,597
|
|
|
Asset-Backed - Student Loan - 0.1%
|
||
|
Navient Private Education Refi Loan Trust
|
|
|
440,047
|
0.97%, 12/16/2069(1)
|
387,451
|
|
844,850
|
1.11%, 02/18/2070(1)
|
752,072
|
|
1,056,628
|
5.51%, 10/15/2071(1)
|
1,080,219
|
|
|
|
|
2,219,742
|
|
Commercial Mortgage-Backed Securities - 4.4%
|
||
1,549,000
|
280 Park Avenue Mortgage Trust 6.72%,
09/15/2034, 1 mo. USD Term SOFR +
2.42%(1)(2)
|
1,456,290
|
|
810,000
|
ARZ Trust 6.07%, 06/11/2029(1)
|
824,155
|
|
821,214
|
BAMLL Commercial Mortgage Securities Trust
3.11%, 11/05/2032(1)
|
779,673
|
|
|
BBCMS Mortgage Trust
|
|
|
10,309,192
|
1.24%, 05/15/2057(3)(4)
|
771,485
|
|
7,337,154
|
1.33%, 09/15/2057(3)(4)
|
582,030
|
|
7,597,583
|
1.36%, 02/15/2062(3)(4)
|
660,066
|
|
6,335,401
|
1.86%, 02/15/2057(3)(4)
|
637,965
|
|
530,000
|
3.66%, 04/15/2055(4)
|
488,137
|
|
|
Benchmark Mortgage Trust
|
|
|
12,501,389
|
0.56%, 01/15/2055(1)(3)(4)
|
193,786
|
|
17,872,575
|
0.62%, 07/15/2051(3)(4)
|
204,369
|
|
7,419,020
|
0.67%, 01/15/2051(3)(4)
|
86,835
|
|
12,434,694
|
0.72%, 07/15/2056(3)(4)
|
469,900
|
|
7,356,859
|
1.38%, 03/15/2062(3)(4)
|
295,001
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Commercial Mortgage-Backed Securities - 4.4% - (continued)
|
||
$ 4,229,143
|
1.43%, 12/15/2056(3)(4)
|
$254,407
|
|
3,616,924
|
1.62%, 01/15/2054(3)(4)
|
245,652
|
|
1,707,497
|
1.92%, 07/15/2053(3)(4)
|
87,704
|
|
2,200,000
|
3.88%, 02/15/2051(4)
|
2,156,019
|
|
9,754,735
|
BMO Mortgage Trust 1.08%, 07/15/2057(3)(4)
|
645,477
|
|
2,005,000
|
BOCA Commercial Mortgage Trust 6.66%,
08/15/2041, 1 mo. USD Term SOFR +
2.34%(1)(2)
|
1,984,950
|
|
|
BPR Trust
|
|
|
870,000
|
5.85%, 11/05/2041(1)(4)
|
868,981
|
|
1,180,000
|
7.55%, 08/15/2039, 1 mo. USD Term SOFR
+ 3.23%(1)(2)
|
1,179,586
|
|
3,055,000
|
7.89%, 10/05/2038(1)(4)
|
3,181,299
|
|
2,725,000
|
BWAY Trust 7.46%, 05/05/2042(1)(4)
|
2,780,765
|
|
|
BX Trust
|
|
|
580,000
|
6.39%, 05/15/2035, 1 mo. USD Term SOFR
+ 2.07%(1)(2)
|
576,154
|
|
273,000
|
7.36%, 03/15/2041, 1 mo. USD Term SOFR
+ 3.04%(1)(2)
|
272,232
|
|
785,000
|
CAMB Commercial Mortgage Trust 7.17%,
12/15/2037, 1 mo. USD Term SOFR +
2.85%(1)(2)
|
776,679
|
|
1,527,000
|
CD Mortgage Trust 3.63%, 02/10/2050
|
1,459,649
|
|
766,000
|
Citigroup Commercial Mortgage Trust 4.14%,
11/15/2049(4)
|
651,023
|
|
|
Commercial Mortgage Trust
|
|
|
389,000
|
2.82%, 01/10/2039(1)
|
366,377
|
|
395,000
|
4.08%, 01/10/2039(1)(4)
|
356,121
|
|
1,206,000
|
6.51%, 12/10/2041(1)(4)
|
1,223,261
|
|
3,401,881
|
CSAIL Commercial Mortgage Trust 0.70%,
06/15/2057(3)(4)
|
36
|
|
|
DBJPM Mortgage Trust
|
|
|
3,610,913
|
1.82%, 09/15/2053(3)(4)
|
161,013
|
|
2,660,000
|
2.89%, 08/10/2049
|
2,573,131
|
|
|
DC Trust
|
|
|
645,000
|
5.93%, 04/13/2040(1)(4)
|
650,746
|
|
320,000
|
7.29%, 04/13/2040(1)(4)
|
322,333
|
|
4,350,000
|
FS Commercial Mortgage Trust 7.80%,
11/10/2039(1)(4)
|
4,448,970
|
|
350,000
|
FS Trust 6.41%, 08/15/2039, 1 mo. USD Term
SOFR + 2.09%(1)(2)
|
349,125
|
|
3,290,000
|
GS Mortgage Securities Corp. II 5.89%,
03/10/2041(1)(4)
|
3,258,655
|
|
|
GS Mortgage Securities Trust
|
|
|
6,170,560
|
0.73%, 02/13/2053(3)(4)
|
144,958
|
|
2,000,000
|
3.05%, 05/10/2049
|
1,965,121
|
|
2,440,000
|
3.43%, 08/10/2050
|
2,357,867
|
|
750,000
|
HIH Trust 6.66%, 10/15/2041, 1 mo. USD Term
SOFR + 2.34%(1)(2)
|
746,250
|
|
|
HTL Commercial Mortgage Trust
|
|
|
910,000
|
6.77%, 05/10/2039(1)(4)
|
926,178
|
|
500,000
|
7.32%, 05/10/2039(1)(4)
|
513,650
|
|
1,015,000
|
IRV Trust 5.62%, 03/14/2047(1)(4)
|
1,001,619
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
415,000
|
2.81%, 01/16/2037(1)
|
368,312
|
|
300,000
|
5.99%, 10/05/2039(1)(4)
|
301,565
|
|
1,012
|
JPMBB Commercial Mortgage Securities Trust
3.93%, 09/15/2047
|
1,002
|
|
2,050,000
|
JPMCC Commercial Mortgage Securities Trust
3.72%, 03/15/2050
|
2,010,186
|
|
915,000
|
LEX Mortgage Trust 5.04%, 10/13/2033(1)(4)
|
918,787
|
|
1,300,000
|
MF1 Ltd. 6.07%, 02/19/2037, 1 mo. USD Term
SOFR + 1.75%(1)(2)
|
1,288,134
|
|
|
Morgan Stanley Capital I Trust
|
|
|
3,557,763
|
1.45%, 06/15/2050(3)(4)
|
62,664
|
|
52
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Commercial Mortgage-Backed Securities - 4.4% - (continued)
|
||
$ 2,460,000
|
3.91%, 09/09/2032(1)
|
$2,181,945
|
|
1,350,000
|
5.89%, 12/15/2038, 1 mo. USD Term SOFR
+ 1.56%(1)(2)
|
1,258,303
|
|
1,974,709
|
MSWF Commercial Mortgage Trust 1.14%,
12/15/2056(3)(4)
|
119,007
|
|
839,000
|
Natixis Commercial Mortgage Securities Trust
4.93%, 06/17/2038(1)(4)
|
808,712
|
|
745,000
|
NY Commercial Mortgage Trust 6.13%,
02/10/2047(1)(4)
|
754,990
|
|
3,560,000
|
NYC Commercial Mortgage Trust 6.01%,
02/15/2042, 1 mo. USD Term SOFR +
1.69%(1)(2)
|
3,497,700
|
|
|
RFR Trust
|
|
|
3,972,110
|
5.56%, 03/11/2041(1)(4)
|
4,045,263
|
|
3,165,000
|
5.86%, 03/11/2041(1)(4)
|
3,196,711
|
|
5,550,000
|
SHR Trust 6.77%, 10/15/2041, 1 mo. USD Term
SOFR + 2.45%(1)(2)
|
5,506,641
|
|
1,445,000
|
TEXAS Commercial Mortgage Trust 5.91%,
04/15/2042, 1 mo. USD Term SOFR +
1.59%(1)(2)
|
1,426,741
|
|
13,173,182
|
Wells Fargo Commercial Mortgage Trust
1.21%, 08/15/2057(3)(4)
|
983,601
|
|
|
Wells Fargo NA
|
|
|
11,244,298
|
0.53%, 02/15/2055(3)(4)
|
269,014
|
|
5,627,608
|
0.69%, 11/15/2062(3)(4)
|
131,086
|
|
13,857,539
|
0.75%, 11/15/2062(3)(4)
|
360,936
|
|
15,085,489
|
0.83%, 02/15/2061(3)(4)
|
239,345
|
|
5,682,101
|
0.84%, 11/15/2050(3)(4)
|
84,212
|
|
3,445,357
|
0.89%, 11/15/2054(3)(4)
|
57,718
|
|
10,412,798
|
0.98%, 01/15/2063(3)(4)
|
339,599
|
|
3,399,445
|
1.03%, 05/15/2062(3)(4)
|
99,970
|
|
9,830,149
|
1.04%, 06/15/2057(3)(4)
|
578,292
|
|
8,950,636
|
1.21%, 02/15/2056(3)(4)
|
507,986
|
|
2,540,548
|
1.26%, 12/15/2056(3)(4)
|
78,763
|
|
12,396,988
|
1.35%, 10/15/2057(3)(4)
|
1,048,628
|
|
7,079,308
|
1.87%, 03/15/2063(3)(4)
|
533,606
|
|
1,790,000
|
3.44%, 09/15/2060
|
1,742,147
|
|
|
Willowbrook Mall
|
|
|
2,855,000
|
5.87%, 03/05/2035(1)(4)
|
2,972,495
|
|
3,235,000
|
6.28%, 03/05/2035(1)(4)
|
3,257,976
|
|
|
|
|
86,967,717
|
|
Other Asset-Backed Securities - 5.5%
|
||
85,630
|
AASET Trust 3.35%, 01/16/2040(1)
|
82,217
|
|
|
Affirm Asset Securitization Trust
|
|
|
3,400,000
|
4.62%, 09/15/2029(1)
|
3,392,944
|
|
1,095,000
|
5.33%, 12/17/2029(1)
|
1,097,560
|
|
1,035,000
|
5.61%, 02/15/2029(1)
|
1,039,296
|
|
|
Aligned Data Centers Issuer LLC
|
|
|
970,000
|
1.94%, 08/15/2046(1)
|
930,238
|
|
1,420,000
|
6.00%, 08/17/2048(1)
|
1,437,189
|
|
|
AMSR Trust
|
|
|
3,625,000
|
2.12%, 12/17/2038(1)
|
3,498,427
|
|
1,405,000
|
4.15%, 11/17/2041(1)
|
1,368,536
|
|
505,000
|
Amur Equipment Finance Receivables XIII LLC
5.37%, 01/21/2031(1)
|
512,855
|
|
2,795,000
|
Ares XLIII CLO Ltd. 5.96%, 01/15/2038, 3 mo.
USD Term SOFR + 1.70%(1)(2)
|
2,779,857
|
|
1,260,000
|
Auxilior Term Funding LLC 5.49%,
07/15/2031(1)
|
1,288,125
|
|
2,085,000
|
Barings CLO Ltd. 6.37%, 01/20/2037, 3 mo.
USD Term SOFR + 2.10%(1)(2)
|
2,089,904
|
|
1,300,000
|
Benefit Street Partners CLO XXXI Ltd. 6.03%,
04/25/2038, 3 mo. USD Term SOFR +
1.75%(1)(2)
|
1,300,000
|
|
400,000
|
Blue Owl Asset Leasing Trust LLC 5.41%,
03/15/2030(1)
|
405,852
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Other Asset-Backed Securities - 5.5% - (continued)
|
||
$ 3,730,000
|
CBAM Ltd. 6.39%, 07/17/2034, 3 mo. USD
Term SOFR + 2.11%(1)(2)
|
$3,726,606
|
|
|
CF Hippolyta Issuer LLC
|
|
|
254,461
|
1.53%, 03/15/2061(1)
|
242,486
|
|
597,632
|
1.69%, 07/15/2060(1)
|
590,259
|
|
193,202
|
1.98%, 03/15/2061(1)
|
183,782
|
|
829,525
|
1.99%, 07/15/2060(1)
|
763,597
|
|
384,012
|
5.97%, 08/15/2062(1)
|
385,998
|
|
324,369
|
Cirrus Funding Ltd. 4.80%, 01/25/2037(1)
|
323,465
|
|
966,989
|
Commercial Equipment Finance LLC 5.97%,
07/16/2029(1)
|
977,014
|
|
760,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
769,287
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
4,554,217
|
2.66%, 04/25/2051(1)
|
4,239,711
|
|
3,628,397
|
3.15%, 04/25/2051(1)
|
3,254,918
|
|
667,200
|
3.67%, 10/25/2049(1)
|
627,804
|
|
47,375
|
4.12%, 07/25/2048(1)
|
47,122
|
|
1,215,000
|
Elmwood CLO 23 Ltd. 6.51%, 04/16/2036,
3 mo. USD Term SOFR + 2.25%(1)(2)
|
1,216,075
|
|
|
FirstKey Homes Trust
|
|
|
1,923,895
|
1.38%, 09/17/2038(1)
|
1,838,790
|
|
1,495,029
|
2.14%, 12/17/2038(1)
|
1,442,726
|
|
666,706
|
4.15%, 05/19/2039(1)
|
660,758
|
|
2,454,236
|
4.25%, 07/17/2039(1)
|
2,436,811
|
|
950,000
|
GoldenTree Loan Management U.S. CLO 15
Ltd. 6.67%, 10/20/2036, 3 mo. USD Term
SOFR + 2.40%(1)(2)
|
951,329
|
|
1,160,000
|
Golub Capital Partners CLO 68B Ltd. 7.08%,
07/25/2036, 3 mo. USD Term SOFR +
2.80%(1)(2)
|
1,162,701
|
|
450,000
|
GreatAmerica Leasing Receivables
Funding LLC 5.18%, 12/16/2030(1)
|
456,339
|
|
780,000
|
Invesco U.S. CLO Ltd. 6.57%, 04/21/2036,
3 mo. USD Term SOFR + 2.30%(1)(2)
|
780,000
|
|
1,470,000
|
New Economy Assets - Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
1,380,372
|
|
76,600
|
NRZ Excess Spread-Collateralized Notes
3.84%, 12/25/2025(1)
|
75,717
|
|
4,565,000
|
OCP CLO Ltd. 5.62%, 10/20/2037, 3 mo. USD
Term SOFR + 1.35%(1)(2)
|
4,555,829
|
|
|
Progress Residential Trust
|
|
|
1,688,011
|
1.51%, 10/17/2038(1)
|
1,624,806
|
|
614,401
|
3.20%, 04/17/2039(1)
|
599,225
|
|
2,710,000
|
3.40%, 02/17/2042(1)(5)
|
2,544,065
|
|
1,724,494
|
4.44%, 05/17/2041(1)
|
1,707,088
|
|
435,713
|
4.45%, 06/17/2039(1)
|
435,698
|
|
741,919
|
4.75%, 10/27/2039(1)
|
747,170
|
|
2,610,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
2,585,309
|
|
2,950,000
|
RR 23 Ltd. 6.91%, 10/15/2035, 3 mo. USD
Term SOFR + 2.65%(1)(2)
|
2,955,098
|
|
1,185,000
|
RR 26 Ltd. 5.76%, 04/15/2038, 3 mo. USD
Term SOFR + 1.50%(1)(2)
|
1,173,875
|
|
130,656
|
Sapphire Aviation Finance II Ltd. 3.23%,
03/15/2040(1)
|
123,994
|
|
93,439
|
SCF Equipment Leasing LLC 6.56%,
01/22/2030(1)
|
93,538
|
|
61,396
|
Sound Point CLO II Ltd. 5.61%, 01/26/2031,
3 mo. USD Term SOFR + 1.33%(1)(2)
|
61,380
|
|
2,270,000
|
Sound Point CLO XXIX Ltd. 5.61%, 04/25/2034,
3 mo. USD Term SOFR + 1.33%(1)(2)
|
2,267,846
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
310,000
|
1.89%, 08/25/2045(1)
|
306,461
|
|
1,480,000
|
5.90%, 07/25/2048(1)
|
1,498,749
|
|
855,000
|
5.90%, 03/25/2049(1)
|
871,008
|
|
490,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
480,281
|
|
53
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Other Asset-Backed Securities - 5.5% - (continued)
|
||
$ 801,487
|
Sunnova Hestia II Issuer LLC 5.63%,
07/20/2051(1)
|
$798,856
|
|
|
Taco Bell Funding LLC
|
|
|
1,675,163
|
2.54%, 08/25/2051(1)
|
1,438,574
|
|
3,062,287
|
4.94%, 11/25/2048(1)
|
3,072,561
|
|
1,445,000
|
Texas Debt Capital CLO Ltd. 6.57%,
04/20/2036, 3 mo. USD Term SOFR +
2.30%(1)(2)
|
1,446,324
|
|
|
Tricon Residential Trust
|
|
|
2,097,689
|
4.30%, 11/17/2041(1)
|
2,047,659
|
|
639,272
|
4.75%, 06/17/2040(1)
|
638,082
|
|
2,055,000
|
5.42%, 03/17/2042, 1 mo. USD Term SOFR
+ 1.10%(1)(2)
|
2,051,055
|
|
|
Vantage Data Centers Issuer LLC
|
|
|
1,115,000
|
1.65%, 09/15/2045(1)
|
1,099,120
|
|
2,020,000
|
5.10%, 09/15/2054(1)
|
1,997,531
|
|
1,890,000
|
Vantage Data Centers LLC 1.99%,
09/15/2045(1)
|
1,758,869
|
|
1,865,000
|
VB-S1 Issuer LLC 5.59%, 05/15/2054(1)
|
1,875,086
|
|
2,270,000
|
Venture 42 CLO Ltd. 5.65%, 04/15/2034, 3 mo.
USD Term SOFR + 1.39%(1)(2)
|
2,264,725
|
|
|
Wendy's Funding LLC
|
|
|
2,077,818
|
2.37%, 06/15/2051(1)
|
1,890,034
|
|
3,199,333
|
2.78%, 06/15/2051(1)
|
2,799,126
|
|
1,054,359
|
3.88%, 03/15/2048(1)
|
1,028,642
|
|
2,635,475
|
4.24%, 03/15/2052(1)
|
2,558,377
|
|
753,573
|
4.54%, 03/15/2052(1)
|
715,253
|
|
|
Wingstop Funding LLC
|
|
|
2,758,000
|
2.84%, 12/05/2050(1)
|
2,614,762
|
|
960,000
|
5.86%, 12/05/2054(1)
|
968,446
|
|
2,660,000
|
Zayo Issuer LLC 5.65%, 03/20/2055(1)
|
2,684,312
|
|
|
|
|
110,135,481
|
|
Whole Loan Collateral CMO - 5.6%
|
||
250,133
|
Ajax Mortgage Loan Trust 5.12%,
01/25/2061(1)(5)
|
249,972
|
|
|
Angel Oak Mortgage Trust
|
|
|
390,242
|
0.91%, 01/25/2066(1)(4)
|
334,226
|
|
974,017
|
0.95%, 07/25/2066(1)(4)
|
836,885
|
|
189,712
|
0.99%, 04/25/2053(1)(4)
|
180,258
|
|
371,706
|
0.99%, 04/25/2066(1)(4)
|
322,187
|
|
2,421,893
|
1.07%, 05/25/2066(1)(4)
|
2,090,522
|
|
407,458
|
1.24%, 01/20/2065(1)(4)
|
343,679
|
|
1,886,380
|
1.46%, 09/25/2066(1)(4)
|
1,580,802
|
|
727,285
|
1.82%, 11/25/2066(1)(4)
|
646,153
|
|
4,377,976
|
2.88%, 12/25/2066(1)(5)
|
4,043,238
|
|
473,864
|
BINOM Securitization Trust 2.03%,
06/25/2056(1)(4)
|
427,271
|
|
|
BRAVO Residential Funding Trust
|
|
|
212,897
|
0.94%, 02/25/2049(1)(4)
|
194,196
|
|
166,320
|
0.97%, 03/25/2060(1)(4)
|
159,553
|
|
1,177,996
|
5.11%, 07/25/2062(1)(4)
|
1,171,429
|
|
1,954,764
|
CHNGE Mortgage Trust 3.76%, 03/25/2067(1)(4)
|
1,896,974
|
|
37,805
|
Citigroup Mortgage Loan Trust, Inc. 3.25%,
03/25/2061(1)(4)
|
36,891
|
|
|
COLT Mortgage Loan Trust
|
|
|
167,799
|
0.80%, 07/27/2054(1)
|
153,123
|
|
618,002
|
0.91%, 06/25/2066(1)(4)
|
524,705
|
|
4,284,577
|
0.96%, 09/27/2066(1)(4)
|
3,560,607
|
|
788,984
|
1.34%, 08/25/2066(1)(4)
|
669,443
|
|
3,318,982
|
1.40%, 10/25/2066(1)(4)
|
2,791,144
|
|
1,990,967
|
2.28%, 12/27/2066(1)(4)
|
1,790,314
|
|
330,670
|
4.30%, 03/25/2067(1)(4)
|
329,981
|
|
|
CSMC Trust
|
|
|
149,494
|
0.81%, 05/25/2065(1)(4)
|
136,406
|
|
447,938
|
0.83%, 03/25/2056(1)(4)
|
371,139
|
|
617,373
|
0.94%, 05/25/2066(1)(4)
|
522,205
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Whole Loan Collateral CMO - 5.6% - (continued)
|
||
$ 971,755
|
1.10%, 05/25/2066(1)(4)
|
$822,573
|
|
754,403
|
1.18%, 02/25/2066(1)(4)
|
671,677
|
|
798,047
|
1.84%, 10/25/2066(1)(4)
|
709,634
|
|
2,336,505
|
2.27%, 11/25/2066(1)(4)
|
2,078,043
|
|
413,901
|
4.12%, 12/27/2060(1)(4)
|
413,541
|
|
249,778
|
Deephaven Residential Mortgage Trust 0.90%,
04/25/2066(1)(4)
|
222,072
|
|
|
Ellington Financial Mortgage Trust
|
|
|
94,444
|
0.80%, 02/25/2066(1)(4)
|
80,158
|
|
280,254
|
0.93%, 06/25/2066(1)(4)
|
231,775
|
|
2,143,753
|
2.21%, 01/25/2067(1)(4)
|
1,871,111
|
|
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust
|
|
|
564,318
|
2.50%, 08/25/2059
|
462,578
|
|
234,149
|
3.50%, 08/25/2057(4)
|
225,756
|
|
454,093
|
3.50%, 11/25/2057
|
426,154
|
|
1,215,191
|
3.50%, 07/25/2058
|
1,130,135
|
|
242,319
|
3.50%, 08/25/2058
|
223,191
|
|
207,272
|
3.50%, 08/26/2058
|
197,727
|
|
1,638,978
|
3.50%, 10/25/2058
|
1,497,894
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
430,000
|
6.15%, 01/25/2044, 30 day USD SOFR
Average + 1.80%(1)(2)
|
430,271
|
|
615,000
|
6.15%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(2)
|
614,089
|
|
59,041
|
6.67%, 08/25/2030, 30 day USD SOFR
Average + 2.31%(2)
|
59,932
|
|
72,769
|
6.82%, 01/25/2031, 30 day USD SOFR
Average + 2.46%(2)
|
73,293
|
|
555,800
|
7.45%, 10/25/2041, 30 day USD SOFR
Average + 3.10%(1)(2)
|
564,659
|
|
1,309,000
|
7.50%, 12/25/2041, 30 day USD SOFR
Average + 3.15%(1)(2)
|
1,333,544
|
|
222,223
|
8.02%, 07/25/2029, 30 day USD SOFR
Average + 3.66%(2)
|
227,223
|
|
3,885,000
|
8.85%, 01/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
4,035,544
|
|
1,395,000
|
9.60%, 03/25/2042, 30 day USD SOFR
Average + 5.25%(1)(2)
|
1,476,956
|
|
1,545,000
|
10.60%, 03/25/2042, 30 day USD SOFR
Average + 6.25%(1)(2)
|
1,664,737
|
|
|
GCAT Trust
|
|
|
450,628
|
0.87%, 01/25/2066(1)(4)
|
381,768
|
|
553,046
|
1.04%, 05/25/2066(1)(4)
|
463,101
|
|
710,318
|
1.09%, 05/25/2066(1)(4)
|
612,635
|
|
1,086,641
|
1.09%, 08/25/2066(1)(4)
|
906,020
|
|
509,911
|
1.92%, 08/25/2066(1)(4)
|
471,863
|
|
|
Imperial Fund Mortgage Trust
|
|
|
573,443
|
1.07%, 09/25/2056(1)(4)
|
480,358
|
|
2,230,314
|
3.64%, 03/25/2067(1)(5)
|
2,131,131
|
|
|
Legacy Mortgage Asset Trust
|
|
|
290,255
|
4.65%, 11/25/2060(1)(5)
|
287,226
|
|
554,845
|
4.75%, 07/25/2061(1)(5)
|
559,995
|
|
385,808
|
5.75%, 04/25/2061(1)(5)
|
383,839
|
|
435,445
|
MetLife Securitization Trust 3.75%,
03/25/2057(1)(4)
|
421,753
|
|
|
MFA Trust
|
|
|
44,117
|
1.01%, 01/26/2065(1)(4)
|
41,625
|
|
415,145
|
1.03%, 11/25/2064(1)(4)
|
362,361
|
|
238,245
|
1.15%, 04/25/2065(1)(4)
|
219,696
|
|
940
|
Mill City Mortgage Loan Trust 2.75%,
01/25/2061(1)(4)
|
937
|
|
|
New Residential Mortgage Loan Trust
|
|
|
319,018
|
0.94%, 07/25/2055(1)(4)
|
290,163
|
|
168,195
|
0.94%, 10/25/2058(1)(4)
|
164,690
|
|
54
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.6% - (continued)
|
|||
|
Whole Loan Collateral CMO - 5.6% - (continued)
|
||
$ 2,218,688
|
1.16%, 11/27/2056(1)(4)
|
$1,920,407
|
|
2,000,328
|
2.28%, 04/25/2061(1)(4)
|
1,773,396
|
|
349,154
|
3.50%, 12/25/2057(1)(4)
|
338,443
|
|
284,082
|
3.80%, 09/25/2057(1)(4)
|
269,493
|
|
218,451
|
4.00%, 04/25/2057(1)(4)
|
211,597
|
|
238,295
|
4.00%, 08/27/2057(1)(4)
|
231,240
|
|
93,910
|
5.19%, 01/25/2048, 1 mo. USD Term SOFR
+ 0.86%(1)(2)
|
91,554
|
|
1,152,459
|
NMLT Trust 1.19%, 05/25/2056(1)(4)
|
989,123
|
|
|
OBX Trust
|
|
|
754,522
|
1.05%, 07/25/2061(1)(4)
|
611,616
|
|
730,795
|
1.07%, 02/25/2066(1)(4)
|
623,284
|
|
963,856
|
1.96%, 10/25/2061(1)(4)
|
812,038
|
|
1,829,730
|
2.31%, 11/25/2061(1)(4)
|
1,625,193
|
|
|
PRET LLC
|
|
|
482,638
|
4.74%, 07/25/2051(1)(5)
|
482,028
|
|
2,316,818
|
5.93%, 10/25/2054(1)(5)
|
2,315,046
|
|
617,374
|
5.93%, 10/25/2054(1)(5)
|
618,802
|
|
424,182
|
5.96%, 09/25/2054(1)(5)
|
422,818
|
|
4,102,367
|
7.52%, 04/27/2054(1)(5)
|
4,115,928
|
|
4,218,790
|
PRET Trust 4.00%, 07/25/2069(1)(5)
|
4,105,667
|
|
|
PRPM LLC
|
|
|
4,170,000
|
3.75%, 04/25/2055(1)(5)
|
4,002,878
|
|
570,075
|
5.70%, 11/25/2029(1)(5)
|
573,624
|
|
682,325
|
5.87%, 04/25/2026(1)(5)
|
682,323
|
|
1,896,786
|
5.87%, 11/25/2029(1)(5)
|
1,890,216
|
|
5,175,000
|
6.47%, 05/25/2030(1)(5)
|
5,189,997
|
|
147,687
|
Residential Mortgage Loan Trust 0.86%,
01/25/2065(1)(4)
|
141,032
|
|
1,102,059
|
SG Residential Mortgage Trust 1.16%,
07/25/2061(1)(4)
|
921,301
|
|
1,220,966
|
STAR Trust 1.22%, 05/25/2065(1)(4)
|
1,140,097
|
|
|
Starwood Mortgage Residential Trust
|
|
|
154,668
|
0.94%, 05/25/2065(1)(4)
|
145,435
|
|
862,234
|
1.13%, 06/25/2056(1)(4)
|
728,049
|
|
1,188,817
|
1.92%, 11/25/2066(1)(4)
|
1,050,326
|
|
|
Towd Point Mortgage Trust
|
|
|
588,187
|
1.75%, 10/25/2060(1)
|
534,352
|
|
604,207
|
2.90%, 10/25/2059(1)(4)
|
578,171
|
|
1,925,575
|
2.92%, 11/30/2060(1)(4)
|
1,640,353
|
|
282,403
|
3.25%, 03/25/2058(1)(4)
|
278,199
|
|
34,845
|
3.25%, 07/25/2058(1)(4)
|
34,358
|
|
30,039
|
3.75%, 05/25/2058(1)(4)
|
29,416
|
|
398,597
|
TRK Trust 1.15%, 07/25/2056(1)(4)
|
353,389
|
|
|
Verus Securitization Trust
|
|
|
79,449
|
0.82%, 10/25/2063(1)(4)
|
76,424
|
|
312,757
|
0.92%, 02/25/2064(1)(4)
|
289,117
|
|
1,733,981
|
0.94%, 07/25/2066(1)(4)
|
1,446,568
|
|
3,905,684
|
1.01%, 09/25/2066(1)(4)
|
3,341,457
|
|
275,294
|
1.03%, 02/25/2066(1)(4)
|
243,790
|
|
801,186
|
1.82%, 11/25/2066(1)(4)
|
725,681
|
|
1,709,536
|
1.83%, 10/25/2066(1)(5)
|
1,534,319
|
|
1,409,792
|
2.72%, 01/25/2067(1)(5)
|
1,307,898
|
|
2,387,226
|
3.80%, 04/25/2067(1)(5)
|
2,303,890
|
|
1,202,802
|
4.13%, 02/25/2067(1)(5)
|
1,148,114
|
|
251,700
|
VOLT C LLC 5.99%, 05/25/2051(1)(5)
|
252,780
|
|
642,226
|
VOLT CII LLC 4.87%, 08/25/2051(1)(5)
|
643,160
|
|
118,532
|
VOLT XCIII LLC 5.89%, 02/27/2051(1)(5)
|
118,311
|
|
153,326
|
VOLT XCIV LLC 6.24%, 02/27/2051(1)(5)
|
153,093
|
|
188,877
|
VOLT XCIX LLC 6.12%, 04/25/2051(1)(5)
|
189,814
|
|
206,056
|
VOLT XCV LLC 6.24%, 03/27/2051(1)(5)
|
206,303
|
|
207,254
|
VOLT XCVII LLC 6.24%, 04/25/2051(1)(5)
|
208,366
|
|
|
|
|
110,947,005
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $336,644,465)
|
$330,281,135
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7%
|
|||
|
Advertising - 0.3%
|
||
|
Lamar Media Corp.
|
|
|
$ 3,292,000
|
3.63%, 01/15/2031
|
$2,975,046
|
|
1,830,000
|
4.00%, 02/15/2030
|
1,709,862
|
|
580,000
|
4.88%, 01/15/2029
|
563,137
|
|
|
|
|
5,248,045
|
|
Aerospace & Defense - 0.2%
|
||
1,025,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
1,046,547
|
|
|
Boeing Co.
|
|
|
427,000
|
2.95%, 02/01/2030
|
391,788
|
|
325,000
|
3.20%, 03/01/2029
|
306,778
|
|
105,000
|
3.75%, 02/01/2050
|
72,699
|
|
315,000
|
6.39%, 05/01/2031
|
336,126
|
|
175,000
|
6.53%, 05/01/2034
|
187,975
|
|
|
L3Harris Technologies, Inc.
|
|
|
95,000
|
5.05%, 06/01/2029
|
96,521
|
|
26,000
|
5.40%, 07/31/2033
|
26,411
|
|
516,000
|
5.50%, 08/15/2054
|
487,573
|
|
659,000
|
RTX Corp. 4.13%, 11/16/2028
|
653,727
|
|
|
|
|
3,606,145
|
|
Agriculture - 0.4%
|
||
|
BAT Capital Corp.
|
|
|
231,000
|
2.26%, 03/25/2028
|
217,294
|
|
26,700
|
3.56%, 08/15/2027
|
26,207
|
|
1,355,000
|
5.63%, 08/15/2035
|
1,360,417
|
|
300,000
|
5.83%, 02/20/2031
|
312,321
|
|
660,000
|
JBS USA LUX SARL/JBS USA Food Co./JBS
USA Foods Group 5.95%, 04/20/2035(1)
|
679,192
|
|
|
Philip Morris International, Inc.
|
|
|
25,000
|
1.75%, 11/01/2030
|
21,623
|
|
50,000
|
3.38%, 08/15/2029
|
47,994
|
|
1,460,000
|
4.38%, 11/01/2027
|
1,466,595
|
|
1,040,000
|
4.75%, 11/01/2031
|
1,043,711
|
|
182,000
|
4.88%, 11/15/2043
|
163,326
|
|
305,000
|
5.13%, 11/17/2027
|
311,498
|
|
1,200,000
|
5.13%, 02/15/2030
|
1,230,947
|
|
315,000
|
5.13%, 02/13/2031
|
323,018
|
|
85,000
|
5.25%, 02/13/2034
|
85,861
|
|
85,000
|
5.38%, 02/15/2033
|
87,041
|
|
823,000
|
5.63%, 09/07/2033
|
853,790
|
|
|
|
|
8,230,835
|
|
Apparel - 0.2%
|
||
|
Tapestry, Inc.
|
|
|
540,000
|
5.10%, 03/11/2030
|
542,125
|
|
1,670,000
|
5.50%, 03/11/2035
|
1,626,434
|
|
1,904,000
|
William Carter Co. 5.63%, 03/15/2027(1)
|
1,853,689
|
|
|
|
|
4,022,248
|
|
Auto Manufacturers - 0.1%
|
||
|
Daimler Truck Finance North America LLC
|
|
|
150,000
|
3.65%, 04/07/2027(1)
|
147,403
|
|
735,000
|
5.38%, 01/13/2032(1)
|
736,055
|
|
150,000
|
5.50%, 09/20/2033(1)
|
149,248
|
|
765,000
|
Mercedes-Benz Finance North America LLC
4.90%, 11/15/2027(1)
|
770,026
|
|
|
|
|
1,802,732
|
|
Beverages - 0.1%
|
||
|
Bacardi Ltd./Bacardi-Martini BV
|
|
|
100,000
|
5.25%, 01/15/2029(1)
|
101,286
|
|
501,000
|
5.40%, 06/15/2033(1)
|
486,540
|
|
1,075,000
|
Bacardi-Martini BV 6.00%, 02/01/2035(1)
|
1,078,800
|
|
|
Constellation Brands, Inc.
|
|
|
820,000
|
3.15%, 08/01/2029
|
772,024
|
|
90,000
|
4.80%, 05/01/2030(6)
|
90,158
|
|
|
|
|
2,528,808
|
|
55
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Biotechnology - 0.1%
|
||
$ 125,000
|
Amgen, Inc. 4.40%, 05/01/2045
|
$104,506
|
|
1,300,000
|
Gilead Sciences, Inc. 4.80%, 11/15/2029
|
1,322,824
|
|
107,000
|
Royalty Pharma PLC 1.20%, 09/02/2025
|
105,654
|
|
|
|
|
1,532,984
|
|
Chemicals - 0.2%
|
||
1,775,000
|
NOVA Chemicals Corp. 7.00%, 12/01/2031(1)
|
1,834,605
|
|
1,920,000
|
OCP SA 7.50%, 05/02/2054(7)
|
1,886,400
|
|
|
|
|
3,721,005
|
|
Commercial Banks - 3.2%
|
||
EUR
500,000
|
Banca Comerciala Romana SA 7.63%,
05/19/2027, (7.63% fixed rate until
05/19/2026; 3 mo. EURIBOR + 4.54%
thereafter)(7)(8)
|
591,110
|
|
1,085,000
|
Banca Transilvania SA 8.88%, 04/27/2027,
(8.88% fixed rate until 04/27/2026; 1 yr.
EURIBOR ICE Swap + 5.58% thereafter)(7)(8)
|
1,282,517
|
|
|
Bank of America Corp.
|
|
|
$ 222,000
|
1.32%, 06/19/2026, (1.32% fixed rate until
06/19/2025; 6 mo. USD SOFR + 1.15%
thereafter)(8)
|
220,960
|
|
200,000
|
1.66%, 03/11/2027, (1.66% fixed rate until
03/11/2026; 6 mo. USD SOFR + 0.91%
thereafter)(8)
|
195,127
|
|
830,000
|
1.90%, 07/23/2031, (1.90% fixed rate until
07/23/2030; 6 mo. USD SOFR + 1.53%
thereafter)(8)
|
719,783
|
|
1,200,000
|
1.92%, 10/24/2031, (1.92% fixed rate until
10/24/2030; 6 mo. USD SOFR + 1.37%
thereafter)(8)
|
1,035,060
|
|
1,130,000
|
2.48%, 09/21/2036, (2.48% fixed rate until
09/21/2031; 5 yr. USD CMT + 1.20%
thereafter)(8)
|
942,817
|
|
1,857,000
|
2.50%, 02/13/2031, (2.50% fixed rate until
02/13/2030; 3 mo. USD Term SOFR +
1.25% thereafter)(8)
|
1,680,934
|
|
785,000
|
2.59%, 04/29/2031, (2.59% fixed rate until
04/29/2030; 6 mo. USD SOFR + 2.15%
thereafter)(8)
|
709,288
|
|
302,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(8)
|
267,111
|
|
809,000
|
2.97%, 02/04/2033, (2.97% fixed rate until
02/04/2032; 6 mo. USD SOFR + 1.33%
thereafter)(8)
|
711,229
|
|
25,000
|
4.44%, 01/20/2048, (4.44% fixed rate until
01/20/2047; 3 mo. USD Term SOFR +
2.25% thereafter)(8)
|
20,916
|
|
100,000
|
4.95%, 07/22/2028, (4.95% fixed rate until
07/22/2027; 6 mo. USD SOFR + 2.04%
thereafter)(8)
|
101,072
|
|
865,000
|
5.16%, 01/24/2031, (5.16% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.00%
thereafter)(8)
|
881,120
|
|
150,000
|
5.47%, 01/23/2035, (5.47% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.65%
thereafter)(8)
|
152,147
|
|
1,640,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(8)
|
1,608,567
|
|
|
Bank of New York Mellon Corp.
|
|
|
300,000
|
4.60%, 07/26/2030, (4.60% fixed rate until
07/26/2029; 6 mo. USD SOFR + 1.76%
thereafter)(8)
|
301,556
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Commercial Banks - 3.2% - (continued)
|
||
$ 52,000
|
4.97%, 04/26/2034, (4.97% fixed rate until
04/26/2033; 6 mo. USD SOFR + 1.61%
thereafter)(8)
|
$51,659
|
|
650,000
|
4.98%, 03/14/2030, (4.98% fixed rate until
03/14/2029; 6 mo. USD SOFR + 1.09%
thereafter)(8)
|
664,657
|
|
689,000
|
5.06%, 07/22/2032, (5.06% fixed rate until
07/22/2031; 6 mo. USD SOFR + 1.23%
thereafter)(8)
|
699,511
|
|
128,000
|
5.19%, 03/14/2035, (5.19% fixed rate until
03/14/2034; 6 mo. USD SOFR + 1.42%
thereafter)(8)
|
129,381
|
|
5,000
|
5.61%, 07/21/2039, (5.61% fixed rate until
07/21/2034; 6 mo. USD SOFR + 1.77%
thereafter)(8)
|
5,022
|
|
|
BNP Paribas SA
|
|
|
955,000
|
5.28%, 11/19/2030, (5.28% fixed rate until
11/19/2029; 6 mo. USD SOFR + 1.28%
thereafter)(1)(8)
|
965,750
|
|
2,000,000
|
5.91%, 11/19/2035, (5.91% fixed rate until
11/19/2034; 6 mo. USD SOFR + 1.92%
thereafter)(1)(8)
|
1,966,466
|
|
|
BPCE SA
|
|
|
500,000
|
5.75%, 07/19/2033, (5.75% fixed rate until
07/19/2032; 6 mo. USD SOFR + 2.87%
thereafter)(1)(8)
|
506,081
|
|
460,000
|
5.88%, 01/14/2031, (5.88% fixed rate until
01/14/2030; 6 mo. USD SOFR + 1.68%
thereafter)(1)(8)
|
474,401
|
|
1,400,000
|
6.51%, 01/18/2035, (6.51% fixed rate until
01/18/2034; 6 mo. USD SOFR + 2.79%
thereafter)(1)(8)
|
1,427,452
|
|
|
Citigroup, Inc.
|
|
|
34,000
|
2.56%, 05/01/2032, (2.56% fixed rate until
05/01/2031; 6 mo. USD SOFR + 1.17%
thereafter)(8)
|
29,710
|
|
425,000
|
2.57%, 06/03/2031, (2.57% fixed rate until
06/03/2030; 6 mo. USD SOFR + 2.11%
thereafter)(8)
|
380,524
|
|
50,000
|
2.67%, 01/29/2031, (2.67% fixed rate until
01/29/2030; 6 mo. USD SOFR + 1.15%
thereafter)(8)
|
45,414
|
|
31,000
|
5.50%, 09/13/2025
|
31,063
|
|
|
Citizens Financial Group, Inc.
|
|
|
710,000
|
5.25%, 03/05/2031, (5.25% fixed rate until
03/05/2030; 6 mo. USD SOFR + 1.26%
thereafter)(8)
|
711,013
|
|
475,000
|
5.72%, 07/23/2032, (5.72% fixed rate until
07/23/2031; 6 mo. USD SOFR + 1.91%
thereafter)(8)
|
482,992
|
|
155,000
|
6.65%, 04/25/2035, (6.65% fixed rate until
04/25/2034; 6 mo. USD SOFR + 2.33%
thereafter)(8)
|
163,899
|
|
1,955,000
|
Credit Agricole SA 6.25%, 01/10/2035, (6.25%
fixed rate until 01/10/2034; 6 mo. USD SOFR
+ 2.67% thereafter)(1)(8)
|
1,992,207
|
|
380,000
|
Danske Bank AS 1.62%, 09/11/2026, (1.62%
fixed rate until 09/11/2025; 1 yr. USD CMT +
1.35% thereafter)(1)(8)
|
375,550
|
|
|
Goldman Sachs Group, Inc.
|
|
|
100,000
|
1.95%, 10/21/2027, (1.95% fixed rate until
10/21/2026; 6 mo. USD SOFR + 0.91%
thereafter)(8)
|
96,324
|
|
56
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Commercial Banks - 3.2% - (continued)
|
||
$ 416,000
|
1.99%, 01/27/2032, (1.99% fixed rate until
01/27/2031; 6 mo. USD SOFR + 1.09%
thereafter)(8)
|
$354,568
|
|
625,000
|
2.38%, 07/21/2032, (2.38% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.25%
thereafter)(8)
|
538,362
|
|
20,000
|
2.91%, 07/21/2042, (2.91% fixed rate until
07/21/2041; 6 mo. USD SOFR + 1.47%
thereafter)(8)
|
13,881
|
|
301,000
|
3.80%, 03/15/2030
|
289,978
|
|
1,380,000
|
4.69%, 10/23/2030, (4.69% fixed rate until
10/23/2029; 6 mo. USD SOFR + 1.14%
thereafter)(8)
|
1,376,628
|
|
465,000
|
5.02%, 10/23/2035, (5.02% fixed rate until
10/23/2034; 6 mo. USD SOFR + 1.42%
thereafter)(8)
|
450,568
|
|
1,665,000
|
5.05%, 07/23/2030, (5.05% fixed rate until
07/23/2029; 6 mo. USD SOFR + 1.21%
thereafter)(8)
|
1,684,833
|
|
610,000
|
5.22%, 04/23/2031, (5.22% fixed rate until
04/23/2030; 6 mo. USD SOFR + 1.58%
thereafter)(8)
|
621,254
|
|
1,220,000
|
5.73%, 04/25/2030, (5.73% fixed rate until
04/25/2029; 6 mo. USD SOFR + 1.27%
thereafter)(8)
|
1,264,586
|
|
123,000
|
6.56%, 10/24/2034, (6.56% fixed rate until
10/24/2033; 6 mo. USD SOFR + 1.95%
thereafter)(8)
|
134,009
|
|
|
HSBC Holdings PLC
|
|
|
360,000
|
2.21%, 08/17/2029, (2.21% fixed rate until
08/17/2028; 6 mo. USD SOFR + 1.29%
thereafter)(8)
|
332,166
|
|
440,000
|
2.85%, 06/04/2031, (2.85% fixed rate until
06/04/2030; 6 mo. USD SOFR + 2.39%
thereafter)(8)
|
397,747
|
|
970,000
|
5.13%, 03/03/2031, (5.13% fixed rate until
03/03/2030; 6 mo. USD SOFR + 1.29%
thereafter)(8)
|
977,735
|
|
1,295,000
|
5.29%, 11/19/2030, (5.29% fixed rate until
11/19/2029; 6 mo. USD SOFR + 1.29%
thereafter)(8)
|
1,314,629
|
|
450,000
|
5.55%, 03/04/2030, (5.55% fixed rate until
03/04/2029; 6 mo. USD SOFR + 1.46%
thereafter)(8)
|
461,285
|
|
228,000
|
6.80%, 06/01/2038
|
250,142
|
|
|
JP Morgan Chase & Co.
|
|
|
913,000
|
2.55%, 11/08/2032, (2.55% fixed rate until
11/08/2031; 6 mo. USD SOFR + 1.18%
thereafter)(8)
|
796,210
|
|
541,000
|
2.96%, 05/13/2031, (2.96% fixed rate until
05/13/2030; 3 mo. USD Term SOFR +
2.52% thereafter)(8)
|
494,465
|
|
1,419,000
|
3.70%, 05/06/2030, (3.70% fixed rate until
05/06/2029; 3 mo. USD Term SOFR +
1.42% thereafter)(8)
|
1,372,948
|
|
978,000
|
4.01%, 04/23/2029, (4.01% fixed rate until
04/23/2028; 3 mo. USD Term SOFR +
1.38% thereafter)(8)
|
968,825
|
|
1,525,000
|
4.51%, 10/22/2028, (4.51% fixed rate until
10/22/2027; 6 mo. USD SOFR + 0.86%
thereafter)(8)
|
1,529,310
|
|
300,000
|
4.57%, 06/14/2030, (4.57% fixed rate until
06/14/2029; 6 mo. USD SOFR + 1.75%
thereafter)(8)
|
299,771
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Commercial Banks - 3.2% - (continued)
|
||
$ 717,000
|
4.85%, 07/25/2028, (4.85% fixed rate until
07/25/2027; 6 mo. USD SOFR + 1.99%
thereafter)(8)
|
$724,729
|
|
310,000
|
4.95%, 10/22/2035, (4.95% fixed rate until
10/22/2034; 6 mo. USD SOFR + 1.34%
thereafter)(8)
|
302,771
|
|
1,125,000
|
5.00%, 07/22/2030, (5.00% fixed rate until
07/22/2029; 6 mo. USD SOFR + 1.13%
thereafter)(8)
|
1,141,267
|
|
785,000
|
5.10%, 04/22/2031, (5.10% fixed rate until
04/22/2030; 6 mo. USD SOFR + 1.44%
thereafter)(8)
|
799,220
|
|
530,000
|
5.14%, 01/24/2031, (5.14% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.01%
thereafter)(8)
|
541,250
|
|
75,000
|
5.26%, 04/22/2027, 3 mo. USD SOFR +
0.89%(2)
|
75,136
|
|
25,000
|
5.29%, 07/22/2035, (5.29% fixed rate until
07/22/2034; 6 mo. USD SOFR + 1.46%
thereafter)(8)
|
25,040
|
|
639,000
|
5.30%, 07/24/2029, (5.30% fixed rate until
07/24/2028; 6 mo. USD SOFR + 1.45%
thereafter)(8)
|
654,790
|
|
911,000
|
5.34%, 01/23/2035, (5.34% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.62%
thereafter)(8)
|
918,647
|
|
1,950,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(8)
|
2,020,699
|
|
304,000
|
6.07%, 10/22/2027, (6.07% fixed rate until
10/22/2026; 6 mo. USD SOFR + 1.33%
thereafter)(8)
|
311,625
|
|
450,000
|
6.09%, 10/23/2029, (6.09% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.57%
thereafter)(8)
|
472,996
|
|
175,000
|
6.40%, 05/15/2038
|
192,076
|
|
EUR
1,100,000
|
mBank SA 0.97%, 09/21/2027, (0.97% fixed
rate until 09/21/2026; 3 mo. EURIBOR +
1.25% thereafter)(7)(8)
|
1,208,723
|
|
|
Morgan Stanley
|
|
|
$ 135,000
|
1.59%, 05/04/2027, (1.59% fixed rate until
05/04/2026; 6 mo. USD SOFR + 0.88%
thereafter)(8)
|
131,075
|
|
855,000
|
1.79%, 02/13/2032, (1.79% fixed rate until
02/13/2031; 6 mo. USD SOFR + 1.03%
thereafter)(8)
|
721,121
|
|
75,000
|
2.24%, 07/21/2032, (2.24% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.18%
thereafter)(8)
|
63,951
|
|
990,000
|
2.70%, 01/22/2031, (2.70% fixed rate until
01/22/2030; 6 mo. USD SOFR + 1.14%
thereafter)(8)
|
904,277
|
|
840,000
|
3.62%, 04/01/2031, (3.62% fixed rate until
04/01/2030; 6 mo. USD SOFR + 3.12%
thereafter)(8)
|
797,122
|
|
335,000
|
4.43%, 01/23/2030, (4.43% fixed rate until
01/23/2029; 3 mo. USD Term SOFR +
1.89% thereafter)(8)
|
332,476
|
|
25,000
|
4.46%, 04/22/2039, (4.46% fixed rate until
04/22/2038; 3 mo. USD Term SOFR +
1.69% thereafter)(8)
|
22,894
|
|
280,000
|
4.65%, 10/18/2030, (4.65% fixed rate until
10/18/2029; 6 mo. USD SOFR + 1.10%
thereafter)(8)
|
279,106
|
|
57
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Commercial Banks - 3.2% - (continued)
|
||
$ 177,000
|
5.16%, 04/20/2029, (5.16% fixed rate until
04/20/2028; 6 mo. USD SOFR + 1.59%
thereafter)(8)
|
$180,200
|
|
390,000
|
5.23%, 01/15/2031, (5.23% fixed rate until
01/15/2030; 6 mo. USD SOFR + 1.11%
thereafter)(8)
|
397,639
|
|
495,000
|
5.45%, 07/20/2029, (5.45% fixed rate until
07/20/2028; 6 mo. USD SOFR + 1.63%
thereafter)(8)
|
508,156
|
|
1,395,000
|
5.66%, 04/18/2030, (5.66% fixed rate until
04/18/2029; 6 mo. USD SOFR + 1.26%
thereafter)(8)
|
1,442,886
|
|
61,000
|
7.25%, 04/01/2032
|
69,608
|
|
690,000
|
OTP Bank Nyrt 7.50%, 05/25/2027, (7.50%
fixed rate until 05/25/2026; 1 yr. USD CMT +
3.71% thereafter)(7)(8)
|
705,405
|
|
1,485,000
|
Royal Bank of Canada 5.15%, 02/04/2031,
(5.15% fixed rate until 02/04/2030; 6 mo.
USD SOFR + 1.03% thereafter)(8)
|
1,511,012
|
|
470,000
|
Standard Chartered PLC 7.77%, 11/16/2028,
(7.77% fixed rate until 11/16/2027; 1 yr. USD
CMT + 3.45% thereafter)(1)(8)
|
503,422
|
|
|
Wells Fargo & Co.
|
|
|
660,000
|
2.57%, 02/11/2031, (2.57% fixed rate until
02/11/2030; 3 mo. USD Term SOFR +
1.26% thereafter)(8)
|
598,088
|
|
1,869,000
|
3.35%, 03/02/2033, (3.35% fixed rate until
03/02/2032; 6 mo. USD SOFR + 1.50%
thereafter)(8)
|
1,678,130
|
|
200,000
|
3.58%, 05/22/2028, (3.58% fixed rate until
05/22/2027; 3 mo. USD Term SOFR +
1.57% thereafter)(8)
|
196,387
|
|
100,000
|
4.48%, 04/04/2031, (4.48% fixed rate until
04/04/2030; 3 mo. USD Term SOFR +
4.03% thereafter)(8)
|
98,617
|
|
615,000
|
4.90%, 07/25/2033, (4.90% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.10%
thereafter)(8)
|
604,204
|
|
177,000
|
5.01%, 04/04/2051, (5.01% fixed rate until
04/04/2050; 3 mo. USD Term SOFR +
4.50% thereafter)(8)
|
155,705
|
|
855,000
|
5.15%, 04/23/2031, (5.15% fixed rate until
04/23/2030; 6 mo. USD SOFR + 1.50%
thereafter)(8)
|
868,262
|
|
650,000
|
5.24%, 01/24/2031, (5.24% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.11%
thereafter)(8)
|
663,479
|
|
414,000
|
5.39%, 04/24/2034, (5.39% fixed rate until
04/24/2033; 6 mo. USD SOFR + 2.02%
thereafter)(8)
|
415,690
|
|
160,000
|
5.50%, 01/23/2035, (5.50% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.78%
thereafter)(8)
|
161,231
|
|
901,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(8)
|
926,965
|
|
250,000
|
6.49%, 10/23/2034, (6.49% fixed rate until
10/23/2033; 6 mo. USD SOFR + 2.06%
thereafter)(8)
|
268,860
|
|
|
|
|
63,139,227
|
|
Commercial Services - 0.7%
|
||
|
Ashtead Capital, Inc.
|
|
|
260,000
|
2.45%, 08/12/2031(1)
|
221,002
|
|
625,000
|
4.00%, 05/01/2028(1)
|
611,847
|
|
500,000
|
4.25%, 11/01/2029(1)
|
482,742
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Commercial Services - 0.7% - (continued)
|
||
$ 1,135,000
|
4.38%, 08/15/2027(1)
|
$1,125,905
|
|
|
Block, Inc.
|
|
|
2,270,000
|
3.50%, 06/01/2031
|
2,026,119
|
|
2,928,000
|
6.50%, 05/15/2032(1)
|
2,987,380
|
|
|
Howard University
|
|
|
100,000
|
2.39%, 10/01/2027
|
93,525
|
|
100,000
|
2.70%, 10/01/2029
|
90,632
|
|
325,000
|
2.80%, 10/01/2030
|
289,662
|
|
105,000
|
2.90%, 10/01/2031
|
90,549
|
|
265,000
|
3.48%, 10/01/2041
|
193,834
|
|
|
Service Corp. International
|
|
|
2,139,000
|
3.38%, 08/15/2030
|
1,915,122
|
|
341,000
|
4.63%, 12/15/2027
|
335,524
|
|
2,985,000
|
5.13%, 06/01/2029
|
2,950,010
|
|
970,000
|
5.75%, 10/15/2032
|
957,623
|
|
270,000
|
United Rentals North America, Inc. 3.75%,
01/15/2032
|
240,755
|
|
|
|
|
14,612,231
|
|
Construction Materials - 0.5%
|
||
|
Builders FirstSource, Inc.
|
|
|
1,415,000
|
4.25%, 02/01/2032(1)
|
1,274,365
|
|
2,890,000
|
5.00%, 03/01/2030(1)
|
2,772,827
|
|
1,120,000
|
Standard Building Solutions, Inc. 6.50%,
08/15/2032(1)
|
1,133,948
|
|
|
Standard Industries, Inc.
|
|
|
1,344,000
|
3.38%, 01/15/2031(1)
|
1,186,696
|
|
3,043,000
|
4.38%, 07/15/2030(1)
|
2,837,945
|
|
|
|
|
9,205,781
|
|
Diversified Financial Services - 0.5%
|
||
|
American Express Co.
|
|
|
1,850,000
|
5.02%, 04/25/2031, (5.02% fixed rate until
04/25/2030; 6 mo. USD SOFR + 1.44%
thereafter)(8)
|
1,880,068
|
|
1,455,000
|
5.09%, 01/30/2031, (5.09% fixed rate until
01/30/2030; 6 mo. USD SOFR + 1.02%
thereafter)(8)
|
1,481,431
|
|
1,045,000
|
Ameriprise Financial, Inc. 5.20%, 04/15/2035
|
1,046,282
|
|
|
Capital One Financial Corp.
|
|
|
949,000
|
3.27%, 03/01/2030, (3.27% fixed rate until
03/01/2029; 6 mo. USD SOFR + 1.79%
thereafter)(8)
|
894,309
|
|
235,000
|
3.75%, 07/28/2026
|
232,192
|
|
510,000
|
6.05%, 02/01/2035, (6.05% fixed rate until
02/01/2034; 6 mo. USD SOFR + 2.26%
thereafter)(8)
|
521,315
|
|
250,000
|
6.18%, 01/30/2036, (6.18% fixed rate until
01/30/2035; 6 mo. USD SOFR + 2.04%
thereafter)(8)
|
246,887
|
|
1,738,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(8)
|
1,935,994
|
|
810,000
|
Discover Financial Services 7.96%,
11/02/2034, (7.96% fixed rate until
11/02/2033; 6 mo. USD SOFR + 3.37%
thereafter)(8)
|
929,136
|
|
|
|
|
9,167,614
|
|
Electric - 2.4%
|
||
380,000
|
AES Andes SA 6.25%, 03/14/2032(1)
|
379,926
|
|
|
Alabama Power Co.
|
|
|
295,000
|
3.45%, 10/01/2049
|
206,230
|
|
728,000
|
4.15%, 08/15/2044
|
596,417
|
|
95,000
|
5.10%, 04/02/2035
|
95,378
|
|
|
American Electric Power Co., Inc.
|
|
|
25,000
|
2.30%, 03/01/2030
|
22,386
|
|
35,000
|
5.75%, 11/01/2027
|
36,106
|
|
58
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Electric - 2.4% - (continued)
|
||
$ 540,000
|
6.95%, 12/15/2054, (6.95% fixed rate until
09/15/2034; 5 yr. USD CMT + 2.68%
thereafter)(8)
|
$543,202
|
|
489,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
454,671
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
345,000
|
3.20%, 12/01/2051
|
223,110
|
|
262,000
|
3.95%, 04/01/2050
|
200,570
|
|
160,000
|
4.00%, 11/15/2057
|
114,111
|
|
150,000
|
4.45%, 03/15/2044
|
127,438
|
|
950,000
|
5.50%, 03/15/2055
|
903,545
|
|
290,000
|
5.70%, 05/15/2054
|
284,766
|
|
|
Dominion Energy, Inc.
|
|
|
440,000
|
4.90%, 08/01/2041
|
386,685
|
|
670,000
|
5.00%, 06/15/2030
|
677,240
|
|
|
Duke Energy Carolinas LLC
|
|
|
30,000
|
3.20%, 08/15/2049
|
19,928
|
|
180,000
|
4.25%, 12/15/2041
|
152,426
|
|
100,000
|
5.30%, 02/15/2040
|
98,500
|
|
|
Duke Energy Corp.
|
|
|
2,634,000
|
2.55%, 06/15/2031
|
2,311,957
|
|
370,000
|
3.30%, 06/15/2041
|
269,152
|
|
527,700
|
3.75%, 09/01/2046
|
381,217
|
|
430,000
|
5.00%, 08/15/2052
|
367,608
|
|
925,000
|
Duke Energy Florida LLC 1.75%, 06/15/2030
|
811,097
|
|
|
Duke Energy Indiana LLC
|
|
|
230,000
|
2.75%, 04/01/2050
|
137,777
|
|
1,171,000
|
3.25%, 10/01/2049
|
776,442
|
|
435,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
413,712
|
|
|
Duke Energy Progress LLC
|
|
|
441,000
|
3.70%, 10/15/2046
|
329,757
|
|
575,000
|
4.00%, 04/01/2052
|
433,611
|
|
1,005,000
|
5.05%, 03/15/2035
|
1,001,864
|
|
810,000
|
5.55%, 03/15/2055
|
782,450
|
|
|
Edison International
|
|
|
1,196,000
|
5.25%, 11/15/2028
|
1,188,207
|
|
360,000
|
5.75%, 06/15/2027
|
362,285
|
|
205,000
|
6.25%, 03/15/2030
|
207,755
|
|
842,000
|
6.95%, 11/15/2029
|
877,164
|
|
1,230,000
|
Energo-Pro AS 8.50%, 02/04/2027(1)
|
1,234,606
|
|
121,000
|
Evergy Metro, Inc. 4.13%, 04/01/2049
|
92,992
|
|
|
Eversource Energy
|
|
|
1,545,000
|
5.13%, 05/15/2033
|
1,522,789
|
|
1,137,000
|
5.50%, 01/01/2034
|
1,137,126
|
|
|
Georgia Power Co.
|
|
|
548,000
|
4.30%, 03/15/2042
|
464,208
|
|
1,080,000
|
4.55%, 03/15/2030
|
1,086,765
|
|
240,000
|
4.95%, 05/17/2033
|
239,390
|
|
580,000
|
5.20%, 03/15/2035
|
585,245
|
|
545,000
|
Investment Energy Resources Ltd. 6.25%,
04/26/2029(1)
|
519,851
|
|
310,000
|
Jersey Central Power & Light Co. 5.10%,
01/15/2035(1)
|
305,529
|
|
150,000
|
Monongahela Power Co. 5.85%, 02/15/2034(1)
|
154,282
|
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
135,000
|
1.88%, 01/15/2027
|
129,475
|
|
1,330,000
|
2.25%, 06/01/2030
|
1,184,119
|
|
|
Niagara Mohawk Power Corp.
|
|
|
40,000
|
1.96%, 06/27/2030(1)
|
34,935
|
|
381,000
|
5.29%, 01/17/2034(1)
|
378,611
|
|
685,000
|
NSTAR Electric Co. 5.40%, 06/01/2034
|
698,558
|
|
380,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
384,634
|
|
|
Oncor Electric Delivery Co. LLC
|
|
|
101,000
|
0.55%, 10/01/2025
|
99,321
|
|
855,000
|
5.35%, 04/01/2035(1)
|
865,705
|
|
|
Pacific Gas & Electric Co.
|
|
|
330,500
|
2.50%, 02/01/2031
|
285,232
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Electric - 2.4% - (continued)
|
||
$ 716,000
|
4.55%, 07/01/2030
|
$694,534
|
|
66,000
|
5.45%, 06/15/2027
|
66,847
|
|
1,156,000
|
5.90%, 06/15/2032
|
1,171,476
|
|
731,000
|
6.10%, 01/15/2029
|
755,442
|
|
196,000
|
6.40%, 06/15/2033
|
202,659
|
|
1,045,000
|
Public Service Co. of Oklahoma 5.20%,
01/15/2035
|
1,027,975
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
885,000
|
4.90%, 03/15/2030
|
893,417
|
|
255,000
|
5.45%, 04/01/2034
|
257,760
|
|
590,000
|
6.13%, 10/15/2033
|
620,046
|
|
|
Puget Energy, Inc.
|
|
|
880,000
|
2.38%, 06/15/2028
|
825,686
|
|
30,000
|
3.65%, 05/15/2025
|
29,976
|
|
331,000
|
4.10%, 06/15/2030
|
315,895
|
|
379,000
|
4.22%, 03/15/2032
|
350,668
|
|
1,805,000
|
5.73%, 03/15/2035(1)
|
1,795,371
|
|
980,000
|
San Diego Gas & Electric Co. 5.40%,
04/15/2035
|
989,067
|
|
|
Southern California Edison Co.
|
|
|
265,000
|
3.65%, 02/01/2050
|
175,753
|
|
410,000
|
4.00%, 04/01/2047
|
293,881
|
|
313,000
|
4.05%, 03/15/2042
|
238,490
|
|
190,000
|
4.65%, 10/01/2043
|
152,759
|
|
300,000
|
5.45%, 03/01/2035
|
291,236
|
|
80,000
|
5.95%, 11/01/2032
|
81,504
|
|
|
Southern Co.
|
|
|
1,465,000
|
3.25%, 07/01/2026
|
1,445,579
|
|
75,000
|
4.00%, 01/15/2051, (4.00% fixed rate until
10/15/2025; 5 yr. USD CMT + 3.73%
thereafter)(8)
|
73,900
|
|
390,000
|
4.85%, 03/15/2035
|
377,936
|
|
275,000
|
Trans-Allegheny Interstate Line Co. 5.00%,
01/15/2031(1)
|
279,743
|
|
|
Virginia Electric & Power Co.
|
|
|
219,000
|
2.45%, 12/15/2050
|
120,538
|
|
50,000
|
2.95%, 11/15/2051
|
30,689
|
|
1,165,000
|
5.00%, 04/01/2033
|
1,156,555
|
|
1,392,000
|
5.00%, 01/15/2034
|
1,370,180
|
|
415,000
|
5.05%, 08/15/2034
|
410,664
|
|
1,310,000
|
5.15%, 03/15/2035
|
1,293,932
|
|
345,000
|
5.35%, 01/15/2054
|
316,351
|
|
165,000
|
5.65%, 03/15/2055
|
158,142
|
|
195,000
|
Wisconsin Power & Light Co. 5.38%,
03/30/2034
|
196,435
|
|
|
Xcel Energy, Inc.
|
|
|
150,000
|
1.75%, 03/15/2027
|
142,574
|
|
563,000
|
4.60%, 06/01/2032
|
542,282
|
|
730,000
|
4.75%, 03/21/2028
|
735,846
|
|
440,000
|
5.60%, 04/15/2035
|
444,283
|
|
|
|
|
47,904,134
|
|
Engineering & Construction - 0.1%
|
||
1,235,000
|
IHS Holding Ltd. 6.25%, 11/29/2028(1)
|
1,173,174
|
|
|
International Airport Finance SA
|
|
|
1,045,470
|
12.00%, 03/15/2033(1)
|
1,116,036
|
|
481,826
|
12.00%, 03/15/2033(7)
|
514,347
|
|
|
|
|
2,803,557
|
|
Entertainment - 0.6%
|
||
|
Warnermedia Holdings, Inc.
|
|
|
5,136,000
|
4.28%, 03/15/2032
|
4,397,856
|
|
3,225,000
|
5.14%, 03/15/2052
|
2,204,811
|
|
2,500,000
|
5.39%, 03/15/2062
|
1,700,642
|
|
59
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Entertainment - 0.6% - (continued)
|
||
|
WMG Acquisition Corp.
|
|
|
$ 715,000
|
3.75%, 12/01/2029(1)
|
$661,101
|
|
2,850,000
|
3.88%, 07/15/2030(1)
|
2,620,793
|
|
|
|
|
11,585,203
|
|
Environmental Control - 0.5%
|
||
|
Clean Harbors, Inc.
|
|
|
2,119,000
|
4.88%, 07/15/2027(1)
|
2,086,916
|
|
3,904,000
|
6.38%, 02/01/2031(1)
|
3,976,614
|
|
|
Republic Services, Inc.
|
|
|
290,000
|
1.45%, 02/15/2031
|
244,008
|
|
480,000
|
4.88%, 04/01/2029
|
488,529
|
|
595,000
|
5.20%, 11/15/2034
|
605,396
|
|
375,000
|
Veralto Corp. 5.50%, 09/18/2026
|
380,318
|
|
|
Waste Management, Inc.
|
|
|
790,000
|
3.88%, 01/15/2029(1)
|
777,614
|
|
580,000
|
4.95%, 03/15/2035
|
577,485
|
|
|
|
|
9,136,880
|
|
Food - 0.5%
|
||
968,000
|
Cencosud SA 5.95%, 05/28/2031(1)
|
985,010
|
|
930,000
|
Kraft Heinz Foods Co. 5.20%, 03/15/2032
|
943,702
|
|
|
Mars, Inc.
|
|
|
2,660,000
|
5.00%, 03/01/2032(1)
|
2,681,316
|
|
400,000
|
5.20%, 03/01/2035(1)
|
401,570
|
|
880,000
|
5.65%, 05/01/2045(1)
|
873,920
|
|
400,000
|
5.70%, 05/01/2055(1)
|
394,265
|
|
2,130,000
|
Minerva Luxembourg SA 4.38%, 03/18/2031(7)
|
1,874,445
|
|
|
NBM U.S. Holdings, Inc.
|
|
|
265,000
|
7.00%, 05/14/2026(7)
|
265,226
|
|
256,000
|
7.00%, 05/14/2026(1)
|
256,219
|
|
700,000
|
Pilgrim's Pride Corp. 4.25%, 04/15/2031
|
661,796
|
|
155,000
|
Tyson Foods, Inc. 5.40%, 03/15/2029
|
159,504
|
|
|
|
|
9,496,973
|
|
Gas - 0.1%
|
||
|
Brooklyn Union Gas Co.
|
|
|
625,000
|
3.87%, 03/04/2029(1)
|
604,493
|
|
90,000
|
4.87%, 08/05/2032(1)
|
86,756
|
|
|
KeySpan Gas East Corp.
|
|
|
45,000
|
5.82%, 04/01/2041(1)
|
43,252
|
|
235,000
|
5.99%, 03/06/2033(1)
|
240,323
|
|
|
NiSource, Inc.
|
|
|
91,000
|
1.70%, 02/15/2031
|
76,928
|
|
501,000
|
3.49%, 05/15/2027
|
492,233
|
|
470,000
|
5.40%, 06/30/2033
|
473,136
|
|
855,000
|
Southern California Gas Co. 5.60%, 04/01/2054
|
816,480
|
|
|
|
|
2,833,601
|
|
Hand/Machine Tools - 0.1%
|
||
985,000
|
Regal Rexnord Corp. 6.05%, 04/15/2028
|
1,010,378
|
|
|
Healthcare - Products - 0.6%
|
||
|
Alcon Finance Corp.
|
|
|
806,000
|
2.75%, 09/23/2026(1)
|
784,539
|
|
215,000
|
5.75%, 12/06/2052(1)
|
208,464
|
|
|
Avantor Funding, Inc.
|
|
|
1,695,000
|
3.88%, 11/01/2029(1)
|
1,564,808
|
|
2,450,000
|
4.63%, 07/15/2028(1)
|
2,356,172
|
|
|
Hologic, Inc.
|
|
|
2,792,000
|
3.25%, 02/15/2029(1)
|
2,607,290
|
|
2,027,000
|
4.63%, 02/01/2028(1)
|
1,993,734
|
|
915,000
|
Smith & Nephew PLC 2.03%, 10/14/2030
|
793,563
|
|
1,790,000
|
Solventum Corp. 5.40%, 03/01/2029
|
1,825,607
|
|
|
|
|
12,134,177
|
|
Healthcare - Services - 0.7%
|
||
|
Centene Corp.
|
|
|
3,935,000
|
2.50%, 03/01/2031
|
3,336,534
|
|
3,230,000
|
2.63%, 08/01/2031
|
2,728,237
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Healthcare - Services - 0.7% - (continued)
|
||
$ 215,000
|
4.25%, 12/15/2027
|
$210,099
|
|
1,865,000
|
4.63%, 12/15/2029
|
1,797,852
|
|
75,000
|
Cigna Group 4.80%, 07/15/2046
|
64,611
|
|
60,000
|
CommonSpirit Health 3.35%, 10/01/2029
|
56,803
|
|
|
Humana, Inc.
|
|
|
50,000
|
1.35%, 02/03/2027
|
47,299
|
|
35,000
|
5.38%, 04/15/2031
|
35,450
|
|
1,055,000
|
5.55%, 05/01/2035
|
1,046,830
|
|
|
Icon Investments Six DAC
|
|
|
335,000
|
5.81%, 05/08/2027
|
341,686
|
|
200,000
|
5.85%, 05/08/2029
|
204,819
|
|
200,000
|
Kaiser Foundation Hospitals 3.00%, 06/01/2051
|
127,467
|
|
|
UnitedHealth Group, Inc.
|
|
|
1,738,000
|
2.75%, 05/15/2040
|
1,237,749
|
|
3,000
|
4.25%, 03/15/2043
|
2,499
|
|
70,000
|
4.45%, 12/15/2048
|
57,579
|
|
223,000
|
4.95%, 05/15/2062
|
188,523
|
|
980,000
|
5.38%, 04/15/2054
|
909,099
|
|
10,000
|
5.50%, 04/15/2064
|
9,257
|
|
365,000
|
5.75%, 07/15/2064
|
352,123
|
|
430,000
|
5.88%, 02/15/2053
|
427,768
|
|
100,000
|
Universal Health Services, Inc. 2.65%,
10/15/2030
|
87,690
|
|
|
|
|
13,269,974
|
|
Home Builders - 0.2%
|
||
|
Taylor Morrison Communities, Inc.
|
|
|
1,357,000
|
5.13%, 08/01/2030(1)
|
1,314,782
|
|
2,308,000
|
5.75%, 01/15/2028(1)
|
2,309,042
|
|
|
|
|
3,623,824
|
|
Insurance - 0.4%
|
||
|
Athene Global Funding
|
|
|
1,230,000
|
2.65%, 10/04/2031(1)
|
1,058,635
|
|
70,000
|
2.72%, 01/07/2029(1)
|
64,848
|
|
1,930,000
|
4.72%, 10/08/2029(1)
|
1,913,546
|
|
75,000
|
5.58%, 01/09/2029(1)
|
76,753
|
|
1,235,000
|
CNO Global Funding 4.88%, 12/10/2027(1)
|
1,244,961
|
|
|
Corebridge Global Funding
|
|
|
960,000
|
4.90%, 12/03/2029(1)
|
966,857
|
|
625,000
|
5.20%, 06/24/2029(1)
|
635,728
|
|
|
Equitable Financial Life Global Funding
|
|
|
100,000
|
1.40%, 07/07/2025(1)
|
99,382
|
|
323,000
|
1.80%, 03/08/2028(1)
|
300,123
|
|
630,000
|
5.00%, 03/27/2030(1)
|
637,506
|
|
1,060,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
1,054,589
|
|
|
Marsh & McLennan Cos., Inc.
|
|
|
175,000
|
4.38%, 03/15/2029
|
175,381
|
|
510,000
|
4.75%, 03/15/2039
|
480,138
|
|
|
|
|
8,708,447
|
|
Internet - 0.3%
|
||
595,000
|
Alphabet, Inc. 5.30%, 05/15/2065(6)
|
587,845
|
|
|
Gen Digital, Inc.
|
|
|
3,545,000
|
6.25%, 04/01/2033(1)
|
3,535,437
|
|
1,420,000
|
6.75%, 09/30/2027(1)
|
1,443,280
|
|
|
|
|
5,566,562
|
|
Investment Company Security - 0.2%
|
||
1,250,000
|
Ares Capital Corp. 5.80%, 03/08/2032
|
1,221,159
|
|
1,465,000
|
Blackstone Private Credit Fund 6.00%,
01/29/2032
|
1,452,789
|
|
1,360,000
|
Sixth Street Lending Partners 6.13%,
07/15/2030(1)
|
1,364,962
|
|
|
|
|
4,038,910
|
|
IT Services - 0.4%
|
||
1,120,000
|
Dell International LLC/EMC Corp. 5.30%,
04/01/2032
|
1,122,580
|
|
60
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
IT Services - 0.4% - (continued)
|
||
$ 1,971,000
|
Gartner, Inc. 4.50%, 07/01/2028(1)
|
$1,942,782
|
|
4,022,000
|
Insight Enterprises, Inc. 6.63%, 05/15/2032(1)
|
4,080,335
|
|
1,430,000
|
International Business Machines Corp. 4.80%,
02/10/2030
|
1,447,597
|
|
|
|
|
8,593,294
|
|
Lodging - 0.0%
|
||
290,000
|
Las Vegas Sands Corp. 6.00%, 06/14/2030(6)
|
291,632
|
|
|
Machinery - Construction & Mining - 0.1%
|
||
1,735,000
|
Caterpillar Financial Services Corp. 4.70%,
11/15/2029
|
1,766,805
|
|
|
Machinery-Diversified - 0.1%
|
||
1,363,000
|
Otis Worldwide Corp. 2.57%, 02/15/2030
|
1,245,024
|
|
|
Media - 0.6%
|
||
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
310,000
|
2.25%, 01/15/2029
|
281,274
|
|
475,000
|
2.30%, 02/01/2032
|
386,105
|
|
199,000
|
3.50%, 03/01/2042
|
133,518
|
|
300,000
|
4.40%, 04/01/2033
|
272,176
|
|
674,000
|
5.05%, 03/30/2029
|
673,173
|
|
144,000
|
5.13%, 07/01/2049
|
112,176
|
|
615,000
|
5.38%, 05/01/2047
|
498,970
|
|
344,000
|
5.75%, 04/01/2048
|
293,675
|
|
202,000
|
6.48%, 10/23/2045
|
188,152
|
|
545,000
|
6.55%, 06/01/2034
|
562,040
|
|
|
Comcast Corp.
|
|
|
1,349,000
|
2.89%, 11/01/2051
|
811,432
|
|
686,000
|
3.20%, 07/15/2036
|
568,180
|
|
583,000
|
3.75%, 04/01/2040
|
478,093
|
|
97,000
|
4.65%, 02/15/2033
|
95,286
|
|
|
Cox Communications, Inc.
|
|
|
535,000
|
2.60%, 06/15/2031(1)
|
466,516
|
|
1,055,000
|
5.45%, 09/01/2034(1)
|
1,036,731
|
|
75,000
|
5.80%, 12/15/2053(1)
|
67,061
|
|
640,000
|
5.95%, 09/01/2054(1)
|
583,966
|
|
|
Discovery Communications LLC
|
|
|
960,000
|
3.63%, 05/15/2030
|
851,354
|
|
75,600
|
3.95%, 03/20/2028
|
72,308
|
|
1,068,000
|
6.35%, 06/01/2040
|
941,466
|
|
|
Paramount Global
|
|
|
149,000
|
4.90%, 08/15/2044
|
112,160
|
|
675,000
|
5.25%, 04/01/2044
|
515,321
|
|
375,000
|
5.85%, 09/01/2043
|
317,886
|
|
920,000
|
6.88%, 04/30/2036
|
923,759
|
|
1,516,000
|
Sirius XM Radio LLC 4.00%, 07/15/2028(1)
|
1,426,142
|
|
160,000
|
Time Warner Cable LLC 5.88%, 11/15/2040
|
145,799
|
|
|
|
|
12,814,719
|
|
Mining - 0.3%
|
||
200,000
|
Anglo American Capital PLC 5.50%,
05/02/2033(1)
|
200,218
|
|
|
Glencore Funding LLC
|
|
|
100,000
|
2.50%, 09/01/2030(1)
|
88,588
|
|
167,000
|
2.63%, 09/23/2031(1)
|
145,086
|
|
890,000
|
4.00%, 03/27/2027(1)
|
880,184
|
|
50,000
|
4.88%, 03/12/2029(7)
|
50,185
|
|
1,080,000
|
5.37%, 04/04/2029(1)
|
1,101,082
|
|
175,000
|
5.40%, 05/08/2028(1)
|
178,718
|
|
430,000
|
5.63%, 04/04/2034(1)
|
430,033
|
|
100,000
|
5.67%, 04/01/2035(1)
|
99,754
|
|
811,000
|
6.38%, 10/06/2030(1)
|
863,871
|
|
761,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
817,084
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Mining - 0.3% - (continued)
|
||
|
Rio Tinto Finance USA PLC
|
|
|
$ 625,000
|
5.00%, 03/14/2032
|
$629,217
|
|
935,000
|
5.88%, 03/14/2065
|
923,444
|
|
|
|
|
6,407,464
|
|
Oil & Gas - 1.6%
|
||
|
Aker BP ASA
|
|
|
233,000
|
4.00%, 01/15/2031(1)
|
217,230
|
|
790,000
|
5.13%, 10/01/2034(1)
|
738,028
|
|
1,565,000
|
5.80%, 10/01/2054(1)
|
1,369,590
|
|
|
APA Corp.
|
|
|
490,000
|
6.10%, 02/15/2035(1)
|
458,415
|
|
1,530,000
|
6.75%, 02/15/2055(1)
|
1,339,015
|
|
1,105,000
|
Azule Energy Finance PLC 8.13%,
01/23/2030(1)
|
1,065,220
|
|
|
BP Capital Markets America, Inc.
|
|
|
362,000
|
2.94%, 06/04/2051
|
222,163
|
|
500,000
|
3.06%, 06/17/2041
|
360,090
|
|
267,000
|
3.80%, 09/21/2025
|
266,238
|
|
254,000
|
4.99%, 04/10/2034
|
249,780
|
|
|
ConocoPhillips Co.
|
|
|
169,000
|
3.80%, 03/15/2052
|
120,297
|
|
384,000
|
4.03%, 03/15/2062
|
267,783
|
|
35,000
|
4.70%, 01/15/2030
|
35,309
|
|
555,000
|
5.30%, 05/15/2053
|
501,726
|
|
92,000
|
5.55%, 03/15/2054
|
85,983
|
|
475,000
|
5.65%, 01/15/2065
|
439,343
|
|
1,062,000
|
5.70%, 09/15/2063
|
992,797
|
|
|
Coterra Energy, Inc.
|
|
|
1,067,000
|
5.40%, 02/15/2035
|
1,031,060
|
|
218,000
|
5.60%, 03/15/2034
|
214,641
|
|
|
Diamondback Energy, Inc.
|
|
|
25,000
|
4.40%, 03/24/2051
|
18,592
|
|
770,000
|
5.55%, 04/01/2035
|
756,802
|
|
365,000
|
5.75%, 04/18/2054
|
326,147
|
|
400,000
|
5.90%, 04/18/2064
|
354,683
|
|
303,000
|
6.25%, 03/15/2053
|
286,524
|
|
|
Ecopetrol SA
|
|
|
2,100,000
|
4.63%, 11/02/2031
|
1,713,843
|
|
1,455,000
|
7.75%, 02/01/2032
|
1,387,274
|
|
3,025,000
|
8.38%, 01/19/2036
|
2,831,665
|
|
|
Energean Israel Finance Ltd.
|
|
|
885,000
|
5.88%, 03/30/2031(7)
|
800,288
|
|
600,000
|
8.50%, 09/30/2033(7)
|
600,840
|
|
995,000
|
Eni SpA 5.50%, 05/15/2034(1)
|
986,132
|
|
650,000
|
EOG Resources, Inc. 5.65%, 12/01/2054
|
616,384
|
|
635,000
|
EQT Corp. 4.50%, 01/15/2029(1)
|
615,947
|
|
|
Equinor ASA
|
|
|
190,000
|
1.75%, 01/22/2026
|
186,487
|
|
512,000
|
3.25%, 11/18/2049
|
343,428
|
|
|
Hess Corp.
|
|
|
1,676,000
|
7.13%, 03/15/2033
|
1,882,246
|
|
435,000
|
7.30%, 08/15/2031
|
489,089
|
|
|
Leviathan Bond Ltd.
|
|
|
272,000
|
6.13%, 06/30/2025(7)
|
271,538
|
|
1,225,000
|
6.50%, 06/30/2027(7)
|
1,204,310
|
|
515,000
|
Matador Resources Co. 6.50%, 04/15/2032(1)
|
496,057
|
|
360,000
|
Ovintiv, Inc. 6.25%, 07/15/2033
|
354,811
|
|
1,500,000
|
Patterson-UTI Energy, Inc. 7.15%, 10/01/2033
|
1,475,837
|
|
|
Phillips 66 Co.
|
|
|
595,000
|
4.95%, 03/15/2035
|
560,833
|
|
25,000
|
5.30%, 06/30/2033
|
24,743
|
|
1,115,000
|
Saudi Arabian Oil Co. 5.88%, 07/17/2064(1)
|
1,026,514
|
|
174,000
|
Shell Finance U.S., Inc. 3.25%, 04/06/2050
|
116,728
|
|
|
Shell International Finance BV
|
|
|
133,000
|
2.88%, 11/26/2041
|
93,929
|
|
817,000
|
3.00%, 11/26/2051
|
515,682
|
|
61
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Oil & Gas - 1.6% - (continued)
|
||
|
TotalEnergies Capital SA
|
|
|
$ 790,000
|
5.43%, 09/10/2064
|
$719,575
|
|
115,000
|
5.49%, 04/05/2054
|
108,639
|
|
1,490,000
|
5.64%, 04/05/2064
|
1,402,072
|
|
|
|
|
32,542,347
|
|
Packaging & Containers - 0.2%
|
||
3,910,000
|
Ball Corp. 6.00%, 06/15/2029
|
3,989,752
|
|
|
Pharmaceuticals - 0.3%
|
||
555,000
|
AbbVie, Inc. 4.95%, 03/15/2031
|
567,932
|
|
2,300,000
|
Cardinal Health, Inc. 5.00%, 11/15/2029
|
2,338,275
|
|
1,595,000
|
Cencora, Inc. 4.85%, 12/15/2029
|
1,613,252
|
|
|
CVS Health Corp.
|
|
|
249,000
|
1.88%, 02/28/2031
|
210,082
|
|
586,000
|
2.13%, 09/15/2031
|
493,232
|
|
565,000
|
3.25%, 08/15/2029
|
532,360
|
|
260,000
|
3.75%, 04/01/2030
|
247,355
|
|
75,000
|
5.70%, 06/01/2034
|
76,165
|
|
25,000
|
5.88%, 06/01/2053
|
23,434
|
|
|
Eli Lilly & Co.
|
|
|
50,000
|
4.88%, 02/27/2053
|
45,336
|
|
550,000
|
5.50%, 02/12/2055
|
551,435
|
|
|
|
|
6,698,858
|
|
Pipelines - 0.8%
|
||
|
Columbia Pipelines Holding Co. LLC
|
|
|
300,000
|
5.10%, 10/01/2031(1)
|
296,110
|
|
465,000
|
5.68%, 01/15/2034(1)
|
460,300
|
|
2,174,000
|
6.04%, 08/15/2028(1)
|
2,241,671
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
205,000
|
5.93%, 08/15/2030(1)
|
214,387
|
|
48,000
|
6.04%, 11/15/2033(1)
|
49,597
|
|
|
Enbridge, Inc.
|
|
|
920,000
|
3.13%, 11/15/2029
|
860,780
|
|
235,000
|
5.63%, 04/05/2034
|
237,735
|
|
|
Energy Transfer LP
|
|
|
235,000
|
5.15%, 02/01/2043
|
200,621
|
|
300,000
|
5.25%, 07/01/2029
|
304,027
|
|
50,000
|
5.35%, 05/15/2045
|
43,333
|
|
1,270,000
|
5.70%, 04/01/2035
|
1,257,078
|
|
890,000
|
6.40%, 12/01/2030
|
946,392
|
|
99,000
|
7.38%, 02/01/2031(1)
|
103,616
|
|
|
Enterprise Products Operating LLC
|
|
|
335,000
|
3.30%, 02/15/2053
|
217,208
|
|
20,000
|
4.85%, 08/15/2042
|
17,830
|
|
20,000
|
5.95%, 02/01/2041
|
20,176
|
|
1,157,316
|
Galaxy Pipeline Assets Bidco Ltd. 2.16%,
03/31/2034(1)
|
1,019,031
|
|
|
Hess Midstream Operations LP
|
|
|
425,000
|
4.25%, 02/15/2030(1)
|
398,945
|
|
1,105,000
|
6.50%, 06/01/2029(1)
|
1,122,204
|
|
|
ONEOK, Inc.
|
|
|
473,000
|
3.10%, 03/15/2030
|
436,470
|
|
470,000
|
4.40%, 10/15/2029
|
462,695
|
|
340,000
|
4.75%, 10/15/2031
|
331,672
|
|
39,000
|
4.85%, 02/01/2049
|
30,824
|
|
632,000
|
5.05%, 11/01/2034
|
599,291
|
|
100,000
|
5.15%, 10/15/2043
|
86,576
|
|
820,000
|
5.85%, 11/01/2064
|
731,218
|
|
185,000
|
6.05%, 09/01/2033
|
189,798
|
|
10,000
|
6.10%, 11/15/2032
|
10,385
|
|
75,000
|
6.63%, 09/01/2053
|
74,662
|
|
90,000
|
7.15%, 01/15/2051
|
94,386
|
|
925,000
|
Targa Resources Corp. 5.55%, 08/15/2035
|
906,288
|
|
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
|
|
|
1,125,000
|
4.00%, 01/15/2032
|
1,030,475
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Pipelines - 0.8% - (continued)
|
||
$ 100,000
|
4.88%, 02/01/2031
|
$97,256
|
|
125,000
|
6.88%, 01/15/2029
|
127,604
|
|
76,000
|
Transcontinental Gas Pipe Line Co. LLC 4.00%,
03/15/2028
|
75,245
|
|
|
Whistler Pipeline LLC
|
|
|
100,000
|
5.40%, 09/30/2029(1)
|
100,756
|
|
865,000
|
5.70%, 09/30/2031(1)
|
877,910
|
|
260,000
|
5.95%, 09/30/2034(1)
|
262,103
|
|
|
|
|
16,536,655
|
|
Real Estate Investment Trusts - 0.3%
|
||
|
American Tower Corp.
|
|
|
380,000
|
1.45%, 09/15/2026
|
364,412
|
|
14,000
|
4.05%, 03/15/2032
|
13,276
|
|
282,000
|
5.65%, 03/15/2033
|
291,358
|
|
1,150,000
|
Cousins Properties LP 5.38%, 02/15/2032
|
1,139,704
|
|
|
Crown Castle, Inc.
|
|
|
275,000
|
2.50%, 07/15/2031
|
236,964
|
|
635,000
|
4.80%, 09/01/2028
|
636,920
|
|
3,075,000
|
Iron Mountain, Inc. 6.25%, 01/15/2033(1)
|
3,069,375
|
|
|
|
|
5,752,009
|
|
Retail - 0.3%
|
||
|
AutoZone, Inc.
|
|
|
161,000
|
4.75%, 08/01/2032
|
158,466
|
|
360,000
|
4.75%, 02/01/2033
|
351,906
|
|
400,000
|
5.40%, 07/15/2034
|
404,197
|
|
207,000
|
6.55%, 11/01/2033
|
224,829
|
|
|
FirstCash, Inc.
|
|
|
3,099,000
|
4.63%, 09/01/2028(1)
|
3,004,888
|
|
1,160,000
|
5.63%, 01/01/2030(1)
|
1,140,520
|
|
220,000
|
O'Reilly Automotive, Inc. 4.70%, 06/15/2032
|
215,659
|
|
|
|
|
5,500,465
|
|
Semiconductors - 0.4%
|
||
|
Broadcom, Inc.
|
|
|
1,565,000
|
4.15%, 02/15/2028
|
1,559,125
|
|
50,000
|
4.30%, 11/15/2032
|
47,787
|
|
290,000
|
5.05%, 07/12/2029
|
295,678
|
|
295,000
|
Foundry JV Holdco LLC 5.90%, 01/25/2033(1)
|
300,866
|
|
|
Intel Corp.
|
|
|
250,000
|
2.80%, 08/12/2041
|
161,770
|
|
794,000
|
3.05%, 08/12/2051
|
455,942
|
|
472,000
|
3.25%, 11/15/2049
|
288,317
|
|
2,185,000
|
3.73%, 12/08/2047
|
1,490,047
|
|
75,000
|
4.00%, 12/15/2032
|
68,254
|
|
265,000
|
4.75%, 03/25/2050
|
207,897
|
|
773,000
|
Marvell Technology, Inc. 2.45%, 04/15/2028
|
728,171
|
|
780,000
|
Microchip Technology, Inc. 5.05%, 02/15/2030
|
776,443
|
|
720,000
|
Micron Technology, Inc. 5.65%, 11/01/2032
|
729,298
|
|
1,183,000
|
Qorvo, Inc. 3.38%, 04/01/2031(1)
|
1,034,214
|
|
365,000
|
QUALCOMM, Inc. 4.80%, 05/20/2045
|
327,205
|
|
|
|
|
8,471,014
|
|
Software - 0.9%
|
||
3,332,000
|
Fair Isaac Corp. 4.00%, 06/15/2028(1)
|
3,195,318
|
|
1,004,000
|
MSCI, Inc. 3.63%, 11/01/2031(1)
|
904,188
|
|
|
Open Text Corp.
|
|
|
4,204,000
|
3.88%, 12/01/2029(1)
|
3,873,559
|
|
1,935,000
|
6.90%, 12/01/2027(1)
|
1,990,195
|
|
802,000
|
Open Text Holdings, Inc. 4.13%, 12/01/2031(1)
|
717,235
|
|
|
Oracle Corp.
|
|
|
875,000
|
2.88%, 03/25/2031
|
787,265
|
|
120,000
|
2.95%, 04/01/2030
|
110,927
|
|
476,000
|
3.60%, 04/01/2040
|
371,012
|
|
591,000
|
3.60%, 04/01/2050
|
401,992
|
|
424,000
|
3.85%, 04/01/2060
|
283,728
|
|
150,000
|
3.95%, 03/25/2051
|
108,310
|
|
50,000
|
4.00%, 07/15/2046
|
37,535
|
|
62
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
CORPORATE BONDS - 19.7% - (continued)
|
|||
|
Software - 0.9% - (continued)
|
||
$ 8,000
|
4.13%, 05/15/2045
|
$6,209
|
|
185,000
|
5.25%, 02/03/2032
|
187,558
|
|
755,000
|
5.50%, 09/27/2064
|
669,932
|
|
3,626,000
|
SS&C Technologies, Inc. 5.50%, 09/30/2027(1)
|
3,608,121
|
|
|
|
|
17,253,084
|
|
Telecommunications - 0.2%
|
||
|
AT&T, Inc.
|
|
|
150,000
|
2.55%, 12/01/2033
|
123,785
|
|
175,000
|
3.50%, 06/01/2041
|
134,368
|
|
175,000
|
3.88%, 01/15/2026
|
174,192
|
|
45,000
|
6.30%, 01/15/2038
|
48,338
|
|
|
Cisco Systems, Inc.
|
|
|
400,000
|
4.75%, 02/24/2030
|
409,513
|
|
890,000
|
4.95%, 02/26/2031
|
915,686
|
|
170,000
|
5.35%, 02/26/2064
|
161,138
|
|
50,000
|
5.50%, 01/15/2040
|
51,086
|
|
|
T-Mobile USA, Inc.
|
|
|
586,000
|
2.05%, 02/15/2028
|
551,044
|
|
360,000
|
2.55%, 02/15/2031
|
319,444
|
|
38,000
|
3.30%, 02/15/2051
|
24,958
|
|
532,000
|
3.88%, 04/15/2030
|
513,331
|
|
290,000
|
4.70%, 01/15/2035
|
278,171
|
|
495,000
|
5.13%, 05/15/2032
|
500,479
|
|
60,000
|
5.75%, 01/15/2034
|
62,379
|
|
75,000
|
5.75%, 01/15/2054
|
72,400
|
|
260,000
|
5.80%, 09/15/2062
|
250,584
|
|
|
|
|
4,590,896
|
|
Trucking & Leasing - 0.0%
|
||
788,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 4.00%, 07/15/2025(1)
|
786,379
|
|
|
Total Corporate Bonds
(cost $395,660,214)
|
$392,170,672
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.3%
|
|||
|
Bermuda - 0.1%
|
||
|
Bermuda Government International Bonds
|
|
|
455,000
|
2.38%, 08/20/2030(1)
|
$394,839
|
|
1,305,000
|
5.00%, 07/15/2032(1)
|
1,283,060
|
|
|
|
|
1,677,899
|
|
Brazil - 0.2%
|
||
BRL
25,006,000
|
Brazil Notas do Tesouro Nacional 10.00%,
01/01/2031
|
3,779,144
|
|
|
Bulgaria - 0.1%
|
||
|
Bulgaria Government International Bonds
|
|
|
EUR
845,000
|
1.38%, 09/23/2050(7)
|
565,382
|
|
1,195,000
|
4.88%, 05/13/2036(7)
|
1,475,837
|
|
|
|
|
2,041,219
|
|
Chile - 0.0%
|
||
1,460,000
|
Chile Government International Bonds 1.25%,
01/22/2051
|
904,462
|
|
|
Colombia - 0.2%
|
||
|
Colombia Government International Bonds
|
|
|
$ 2,450,000
|
5.00%, 06/15/2045
|
1,591,956
|
|
885,000
|
5.20%, 05/15/2049
|
571,279
|
|
200,000
|
5.63%, 02/26/2044
|
142,559
|
|
480,000
|
7.75%, 11/07/2036
|
457,228
|
|
910,000
|
8.38%, 11/07/2054
|
832,308
|
|
|
|
|
3,595,330
|
|
Costa Rica - 0.1%
|
||
1,450,000
|
Costa Rica Government International Bonds
6.55%, 04/03/2034(1)
|
1,481,900
|
Shares or Principal Amount
|
|
Market Value†
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.3% - (continued)
|
|||
|
Hungary - 0.2%
|
||
|
Hungary Government International Bonds
|
|
|
EUR
2,980,000
|
1.63%, 04/28/2032(7)
|
$2,886,162
|
|
$ 1,125,000
|
6.13%, 05/22/2028(1)
|
1,157,247
|
|
|
|
|
4,043,409
|
|
Indonesia - 0.1%
|
||
EUR
2,600,000
|
Indonesia Government International Bonds
1.10%, 03/12/2033
|
2,412,467
|
|
|
Israel - 0.0%
|
||
$ 805,000
|
Israel Government International Bonds 5.38%,
02/19/2030
|
812,462
|
|
|
Ivory Coast - 0.1%
|
||
EUR
1,290,000
|
Ivory Coast Government International Bonds
4.88%, 01/30/2032(7)
|
1,266,859
|
|
|
Mexico - 0.4%
|
||
|
Mexico Government International Bonds
|
|
|
$ 850,000
|
3.50%, 02/12/2034
|
694,423
|
|
365,000
|
4.40%, 02/12/2052
|
245,232
|
|
2,385,000
|
6.00%, 05/07/2036
|
2,271,636
|
|
1,185,000
|
6.34%, 05/04/2053
|
1,039,634
|
|
575,000
|
6.35%, 02/09/2035
|
570,841
|
|
465,000
|
6.40%, 05/07/2054
|
411,278
|
|
765,000
|
6.88%, 05/13/2037
|
772,406
|
|
1,960,000
|
7.38%, 05/13/2055
|
1,940,165
|
|
|
|
|
7,945,615
|
|
North Macedonia - 0.1%
|
||
|
North Macedonia Government International
Bonds
|
|
|
EUR
985,000
|
3.68%, 06/03/2026(1)
|
1,112,730
|
|
835,000
|
3.68%, 06/03/2026(7)
|
943,278
|
|
|
|
|
2,056,008
|
|
Panama - 0.0%
|
||
|
Panama Government International Bonds
|
|
|
$ 825,000
|
4.50%, 04/16/2050
|
528,726
|
|
95,000
|
6.70%, 01/26/2036
|
91,521
|
|
330,000
|
6.85%, 03/28/2054
|
284,176
|
|
|
|
|
904,423
|
|
Peru - 0.1%
|
||
|
Peru Government International Bonds
|
|
|
395,000
|
3.00%, 01/15/2034
|
328,581
|
|
930,000
|
5.38%, 02/08/2035
|
915,642
|
|
865,000
|
5.88%, 08/08/2054
|
819,155
|
|
|
|
|
2,063,378
|
|
Philippines - 0.1%
|
||
|
Philippines Government International Bonds
|
|
|
EUR
1,400,000
|
1.20%, 04/28/2033
|
1,316,925
|
|
900,000
|
1.75%, 04/28/2041
|
722,546
|
|
|
|
|
2,039,471
|
|
Poland - 0.0%
|
||
$ 405,000
|
Bank Gospodarstwa Krajowego 5.38%,
05/22/2033(1)
|
407,647
|
|
|
Romania - 0.4%
|
||
|
Romania Government International Bonds
|
|
|
EUR
1,265,000
|
2.63%, 12/02/2040(1)
|
855,840
|
|
890,000
|
2.63%, 12/02/2040(7)
|
602,132
|
|
5,520,000
|
2.75%, 04/14/2041(7)
|
3,740,192
|
|
1,205,000
|
2.88%, 04/13/2042(7)
|
819,205
|
|
$ 334,000
|
5.75%, 03/24/2035(1)
|
295,998
|
|
396,000
|
5.88%, 01/30/2029(1)
|
392,311
|
|
490,000
|
7.50%, 02/10/2037(1)
|
487,599
|
|
|
|
|
7,193,277
|
|
63
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.3% - (continued)
|
|||
|
Uruguay - 0.1%
|
||
$ 985,000
|
Uruguay Government International Bonds
4.38%, 01/23/2031
|
$973,328
|
|
|
Total Foreign Government Obligations
(cost $51,381,905)
|
|
$45,598,298
|
MUNICIPAL BONDS - 0.5%
|
|||
|
Build America Bonds - 0.0%
|
||
335,000
|
State of California, CA, GO 7.30%, 10/01/2039
|
$388,253
|
|
65,000
|
State of Illinois, IL, GO, (AGM) 6.88%,
07/01/2025
|
65,230
|
|
|
|
|
453,483
|
|
Development - 0.1%
|
||
1,290,000
|
New York Transportation Dev Corp., NY, Rev
4.25%, 09/01/2035
|
1,259,760
|
|
|
General - 0.2%
|
||
1,630,000
|
County of Riverside, CA, Rev 3.07%,
02/15/2028
|
1,585,043
|
|
1,530,000
|
Philadelphia Auth for Industrial Dev, PA, Rev,
(NPFG) 6.55%, 10/15/2028
|
1,631,277
|
|
1,430,000
|
State Board of Administration Finance Corp.,
FL, Rev 1.26%, 07/01/2025
|
1,422,045
|
|
|
|
|
4,638,365
|
|
School District - 0.1%
|
||
|
Chicago Board of Education, IL, GO
|
|
|
220,000
|
6.14%, 12/01/2039
|
205,853
|
|
885,000
|
6.32%, 11/01/2029
|
893,404
|
|
|
|
|
1,099,257
|
|
Transportation - 0.1%
|
||
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
600,000
|
5.00%, 11/15/2050
|
601,796
|
|
140,000
|
5.18%, 11/15/2049
|
122,524
|
|
|
|
|
724,320
|
|
Utility - Electric - 0.0%
|
||
411,000
|
Municipal Electric Auth of Georgia, GA, Rev
6.64%, 04/01/2057
|
447,006
|
|
|
Total Municipal Bonds
(cost $8,938,702)
|
|
$8,622,191
|
U.S. GOVERNMENT AGENCIES - 35.8%
|
|||
|
Mortgage-Backed Agencies - 35.8%
|
||
|
Federal Home Loan Mortgage Corp. - 11.7%
|
||
12,799,791
|
0.33%, 10/25/2034(3)(4)
|
$213,232
|
|
8,768,758
|
0.47%, 05/25/2034(3)(4)
|
219,294
|
|
4,565,080
|
0.57%, 12/25/2033(3)(4)
|
134,367
|
|
3,090,661
|
0.64%, 01/25/2034(3)(4)
|
91,496
|
|
1,372,256
|
0.73%, 10/25/2026(3)(4)
|
10,502
|
|
6,536,439
|
0.81%, 12/25/2030(3)(4)
|
217,092
|
|
3,118,412
|
0.87%, 06/25/2027(3)(4)
|
38,829
|
|
1,453,799
|
0.96%, 11/25/2030(3)(4)
|
56,865
|
|
558,231
|
1.00%, 10/25/2040
|
453,352
|
|
935,746
|
1.00%, 02/25/2051
|
809,105
|
|
2,548,856
|
1.11%, 10/25/2030(3)(4)
|
111,880
|
|
4,243,811
|
1.21%, 06/25/2030(3)(4)
|
202,050
|
|
3,336,063
|
1.23%, 01/25/2030(3)(4)
|
144,228
|
|
4,478,383
|
1.50%, 05/15/2037(3)
|
246,000
|
|
2,532,897
|
1.50%, 09/25/2047
|
2,124,710
|
|
3,291,762
|
1.53%, 05/25/2030(3)(4)
|
195,040
|
|
2,057,018
|
1.68%, 05/25/2030(3)(4)
|
133,238
|
|
205,069
|
1.75%, 10/15/2042
|
179,063
|
|
932,860
|
2.00%, 05/01/2036
|
854,498
|
|
308,113
|
2.00%, 06/01/2036
|
281,885
|
|
26,106
|
2.00%, 12/01/2036
|
23,735
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal Home Loan Mortgage Corp. - 11.7% - (continued)
|
||
$ 46,831
|
2.00%, 03/01/2037
|
$42,574
|
|
159,950
|
2.00%, 12/01/2040
|
138,148
|
|
956,084
|
2.00%, 05/01/2041
|
822,678
|
|
3,081,892
|
2.00%, 06/01/2041
|
2,651,861
|
|
1,066,328
|
2.00%, 12/01/2041
|
912,828
|
|
4,764,008
|
2.00%, 02/15/2042(3)
|
458,458
|
|
651,416
|
2.00%, 10/01/2050
|
521,780
|
|
760,744
|
2.00%, 02/01/2051
|
611,277
|
|
4,004,160
|
2.00%, 03/01/2051
|
3,194,179
|
|
1,362,779
|
2.00%, 04/01/2051
|
1,088,593
|
|
730,839
|
2.00%, 05/01/2051
|
589,570
|
|
721,872
|
2.00%, 07/01/2051
|
573,757
|
|
317,071
|
2.00%, 08/01/2051
|
253,784
|
|
319,070
|
2.00%, 11/01/2051
|
256,293
|
|
1,174,346
|
2.00%, 01/01/2052
|
944,375
|
|
1,263,358
|
2.00%, 04/01/2052
|
1,016,626
|
|
2,063,966
|
2.00%, 06/15/2052(3)
|
266,111
|
|
2,391,899
|
2.50%, 04/25/2036(3)
|
218,925
|
|
286,000
|
2.50%, 10/25/2041
|
234,706
|
|
463,472
|
2.50%, 05/01/2050
|
391,699
|
|
555,944
|
2.50%, 06/01/2050
|
469,914
|
|
1,483,707
|
2.50%, 06/25/2050(3)
|
212,046
|
|
3,283,086
|
2.50%, 07/01/2050
|
2,771,199
|
|
889,672
|
2.50%, 08/01/2050
|
749,466
|
|
1,349,769
|
2.50%, 09/01/2050
|
1,138,426
|
|
1,039,869
|
2.50%, 10/01/2050
|
883,921
|
|
972,168
|
2.50%, 11/01/2050
|
817,454
|
|
296,225
|
2.50%, 02/01/2051
|
251,326
|
|
751,278
|
2.50%, 03/01/2051
|
627,951
|
|
338,229
|
2.50%, 05/01/2051
|
284,446
|
|
216,249
|
2.50%, 07/01/2051
|
181,821
|
|
298,248
|
2.50%, 08/01/2051
|
249,696
|
|
513,762
|
2.50%, 10/01/2051
|
431,508
|
|
2,422,739
|
2.50%, 11/01/2051
|
2,048,390
|
|
1,411,395
|
2.50%, 03/15/2052(3)
|
227,868
|
|
879,601
|
2.50%, 03/25/2052
|
785,650
|
|
2,081,428
|
2.50%, 04/01/2052
|
1,740,396
|
|
2,890,568
|
2.50%, 08/25/2052(3)
|
465,292
|
|
896,835
|
3.00%, 10/01/2032
|
873,130
|
|
2,995
|
3.00%, 05/15/2041
|
2,880
|
|
81,253
|
3.00%, 07/01/2047
|
72,201
|
|
290,875
|
3.00%, 12/15/2047
|
227,605
|
|
113,117
|
3.00%, 01/01/2048
|
100,098
|
|
2,678,501
|
3.00%, 12/25/2049(3)
|
461,689
|
|
922,100
|
3.00%, 07/01/2050
|
812,168
|
|
679,012
|
3.00%, 08/01/2050
|
596,204
|
|
487,372
|
3.00%, 08/01/2051
|
424,554
|
|
2,418,443
|
3.00%, 08/25/2051(3)
|
394,865
|
|
1,918,115
|
3.00%, 09/25/2051(3)
|
731,580
|
|
996,816
|
3.00%, 10/01/2051
|
873,989
|
|
378,832
|
3.00%, 01/01/2052
|
333,102
|
|
1,926,436
|
3.00%, 05/01/2052
|
1,676,789
|
|
114,354
|
3.00%, 07/01/2052
|
99,312
|
|
2,805,260
|
3.00%, 08/01/2052
|
2,435,225
|
|
914,902
|
3.50%, 01/15/2033(3)
|
77,690
|
|
303,079
|
3.50%, 05/15/2034(3)
|
21,425
|
|
574,474
|
3.50%, 10/15/2042
|
534,642
|
|
261,333
|
3.50%, 10/15/2045
|
242,231
|
|
589,403
|
3.50%, 12/01/2046
|
542,608
|
|
538,901
|
3.50%, 12/15/2046
|
499,212
|
|
355,711
|
3.50%, 01/01/2047
|
331,067
|
|
232,992
|
3.50%, 03/15/2047
|
215,756
|
|
107,702
|
3.50%, 06/01/2047
|
99,117
|
|
133,696
|
3.50%, 12/01/2047
|
122,543
|
|
141,744
|
3.50%, 01/01/2048
|
130,084
|
|
205,053
|
3.50%, 12/01/2048
|
187,772
|
|
64
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal Home Loan Mortgage Corp. - 11.7% - (continued)
|
||
$ 788,515
|
3.50%, 04/01/2050
|
$722,965
|
|
275,927
|
4.00%, 05/01/2038
|
272,835
|
|
347,630
|
4.00%, 05/25/2040(3)
|
53,094
|
|
616,104
|
4.00%, 09/15/2041
|
601,300
|
|
8,070
|
4.00%, 01/01/2042
|
7,792
|
|
144,087
|
4.00%, 03/01/2042
|
139,258
|
|
3,745
|
4.00%, 04/01/2042
|
3,617
|
|
6,099
|
4.00%, 06/01/2042
|
5,887
|
|
1,555,417
|
4.00%, 03/25/2045(3)
|
282,427
|
|
89,381
|
4.00%, 04/01/2047
|
85,800
|
|
172,503
|
4.00%, 11/01/2047
|
163,573
|
|
353,014
|
4.00%, 12/01/2047
|
340,796
|
|
1,183,279
|
4.00%, 04/01/2049
|
1,113,701
|
|
320,769
|
4.00%, 05/01/2049
|
305,264
|
|
973,139
|
4.00%, 07/01/2049
|
926,638
|
|
1,373,674
|
4.00%, 09/25/2050(3)
|
281,848
|
|
957,386
|
4.50%, 07/01/2052
|
917,237
|
|
72,753
|
5.00%, 09/01/2035
|
73,533
|
|
277,968
|
5.00%, 09/15/2036(3)
|
41,194
|
|
857,212
|
5.00%, 03/15/2045(3)
|
178,010
|
|
157,051
|
5.00%, 02/15/2048(3)
|
31,520
|
|
38,061
|
5.00%, 09/01/2048
|
38,032
|
|
24,936
|
5.00%, 02/01/2049
|
24,893
|
|
6,186,804
|
5.00%, 09/01/2052
|
6,077,781
|
|
685,984
|
5.00%, 10/01/2052
|
673,225
|
|
87,335
|
5.00%, 11/01/2052
|
86,014
|
|
27,193
|
5.00%, 01/01/2053
|
26,707
|
|
2,406,421
|
5.00%, 04/01/2053
|
2,362,840
|
|
4,065,516
|
5.00%, 11/01/2054
|
3,981,107
|
|
6,131
|
5.50%, 02/01/2029
|
6,202
|
|
2,426,249
|
5.50%, 12/01/2037
|
2,467,301
|
|
10,740
|
5.50%, 12/01/2038
|
10,903
|
|
344,579
|
5.50%, 05/15/2040(3)
|
63,753
|
|
309,996
|
5.50%, 06/15/2046(3)
|
55,156
|
|
295,742
|
5.50%, 10/15/2046(3)
|
55,423
|
|
267,442
|
5.50%, 02/01/2049
|
272,256
|
|
31,171
|
5.50%, 03/01/2049
|
31,616
|
|
1,094,721
|
5.50%, 02/01/2053
|
1,097,588
|
|
2,136,253
|
5.50%, 04/01/2053
|
2,139,258
|
|
18,942,441
|
5.50%, 04/01/2054
|
18,909,155
|
|
11,803,314
|
5.50%, 05/01/2054
|
11,782,573
|
|
11,760,856
|
5.50%, 07/01/2054
|
11,740,190
|
|
24,237,969
|
5.50%, 08/01/2054
|
24,195,379
|
|
35,529,544
|
5.50%, 09/01/2054
|
35,467,114
|
|
1,005,362
|
6.00%, 11/01/2052
|
1,023,840
|
|
691,969
|
6.00%, 12/01/2052
|
706,540
|
|
319,849
|
6.00%, 03/01/2053
|
328,118
|
|
6,358,077
|
6.00%, 09/01/2053
|
6,456,977
|
|
711,043
|
6.00%, 11/01/2053
|
722,621
|
|
1,772,784
|
6.00%, 12/01/2053
|
1,800,224
|
|
382,551
|
6.00%, 01/01/2054
|
388,502
|
|
1,858,307
|
6.00%, 02/01/2054
|
1,886,982
|
|
722,325
|
6.00%, 03/01/2054
|
735,325
|
|
756,997
|
6.00%, 04/01/2054
|
774,991
|
|
2,600,670
|
6.00%, 05/01/2054
|
2,640,528
|
|
5,753,437
|
6.00%, 06/01/2054
|
5,850,739
|
|
3,735,037
|
6.00%, 08/01/2054
|
3,797,742
|
|
367,878
|
6.20%, 11/25/2043, 30 day USD SOFR
Average + 1.85%(1)(2)
|
370,978
|
|
653,000
|
6.45%, 09/25/2041, 30 day USD SOFR
Average + 2.10%(1)(2)
|
654,632
|
|
892,000
|
7.25%, 04/25/2042, 30 day USD SOFR
Average + 2.90%(1)(2)
|
915,526
|
|
1,545,000
|
7.70%, 09/25/2041, 30 day USD SOFR
Average + 3.35%(1)(2)
|
1,571,559
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal Home Loan Mortgage Corp. - 11.7% - (continued)
|
||
$ 1,310,000
|
7.70%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(2)
|
$1,357,487
|
|
2,545,000
|
7.70%, 06/25/2043, 30 day USD SOFR
Average + 3.35%(1)(2)
|
2,638,847
|
|
5,285,000
|
7.75%, 10/25/2041, 30 day USD SOFR
Average + 3.40%(1)(2)
|
5,415,658
|
|
2,460,000
|
7.85%, 05/25/2043, 30 day USD SOFR
Average + 3.50%(1)(2)
|
2,580,861
|
|
380,000
|
7.90%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(2)
|
396,371
|
|
2,925,000
|
8.00%, 11/25/2041, 30 day USD SOFR
Average + 3.65%(1)(2)
|
3,005,437
|
|
3,460,000
|
8.05%, 09/25/2042, 30 day USD SOFR
Average + 3.70%(1)(2)
|
3,621,996
|
|
1,305,000
|
8.10%, 02/25/2042, 30 day USD SOFR
Average + 3.75%(1)(2)
|
1,353,381
|
|
970,000
|
8.35%, 07/25/2042, 30 day USD SOFR
Average + 4.00%(1)(2)
|
1,020,791
|
|
1,593,000
|
8.85%, 06/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
1,684,977
|
|
2,280,000
|
9.60%, 03/25/2042, 30 day USD SOFR
Average + 5.25%(1)(2)
|
2,415,907
|
|
|
|
|
233,615,283
|
|
Federal National Mortgage Association - 10.5%
|
||
119,013
|
0.00%, 06/25/2041(9)(10)
|
90,965
|
|
2,260,641
|
0.38%, 01/25/2030(3)(4)
|
19,491
|
|
5,829,381
|
1.25%, 06/25/2034(3)(4)
|
320,972
|
|
2,867,300
|
1.50%, 11/25/2035(3)
|
141,133
|
|
200,774
|
1.50%, 07/01/2051
|
151,359
|
|
3,500,586
|
1.50%, 09/01/2051
|
2,642,804
|
|
3,420,655
|
1.58%, 05/25/2029(3)(4)
|
136,769
|
|
670,452
|
2.00%, 03/01/2036
|
613,659
|
|
964,240
|
2.00%, 05/01/2036
|
882,727
|
|
1,113,890
|
2.00%, 06/01/2036
|
1,019,534
|
|
1,036,105
|
2.00%, 08/01/2036
|
948,398
|
|
570,884
|
2.00%, 09/01/2036
|
524,022
|
|
357,668
|
2.00%, 12/01/2036
|
328,302
|
|
134,884
|
2.00%, 02/01/2037
|
123,538
|
|
552,548
|
2.00%, 09/01/2040
|
487,976
|
|
2,064,955
|
2.00%, 12/01/2040
|
1,786,903
|
|
557,484
|
2.00%, 04/01/2041
|
479,931
|
|
193,999
|
2.00%, 05/01/2041
|
167,013
|
|
1,718
|
2.00%, 09/25/2041
|
1,626
|
|
778,728
|
2.00%, 10/01/2041
|
667,639
|
|
3,197
|
2.00%, 12/25/2041
|
3,000
|
|
508,393
|
2.00%, 02/01/2042
|
438,300
|
|
222,919
|
2.00%, 03/25/2044
|
212,148
|
|
238,250
|
2.00%, 05/25/2044
|
223,225
|
|
526,695
|
2.00%, 08/25/2050
|
363,116
|
|
1,949,816
|
2.00%, 10/01/2050
|
1,567,949
|
|
5,373,896
|
2.00%, 10/25/2050(3)
|
675,250
|
|
1,596,638
|
2.00%, 12/01/2050
|
1,282,792
|
|
3,506,673
|
2.00%, 02/01/2051
|
2,807,680
|
|
5,512,855
|
2.00%, 03/01/2051
|
4,398,099
|
|
7,240,149
|
2.00%, 04/01/2051
|
5,755,913
|
|
1,072,140
|
2.00%, 05/01/2051
|
853,432
|
|
578,783
|
2.00%, 06/01/2051
|
460,755
|
|
2,542,073
|
2.00%, 07/01/2051
|
2,034,467
|
|
1,368,349
|
2.00%, 08/01/2051
|
1,105,444
|
|
1,322,071
|
2.00%, 09/01/2051
|
1,058,871
|
|
1,988,273
|
2.00%, 03/25/2052(3)
|
264,936
|
|
8,277,238
|
2.00%, 04/01/2052
|
6,616,838
|
|
412,619
|
2.25%, 04/01/2033
|
356,516
|
|
1,001,760
|
2.50%, 06/25/2045
|
842,747
|
|
6,301
|
2.50%, 03/25/2046
|
5,870
|
|
65
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal National Mortgage Association - 10.5% - (continued)
|
||
$ 579,772
|
2.50%, 04/01/2050
|
$488,435
|
|
556,098
|
2.50%, 06/01/2050
|
468,667
|
|
4,162,306
|
2.50%, 07/01/2050
|
3,513,720
|
|
880,195
|
2.50%, 09/01/2050
|
739,092
|
|
1,416,814
|
2.50%, 10/01/2050
|
1,197,789
|
|
1,536,727
|
2.50%, 12/01/2050
|
1,292,166
|
|
352,046
|
2.50%, 01/01/2051
|
296,884
|
|
2,348,466
|
2.50%, 02/01/2051
|
1,965,889
|
|
1,507,425
|
2.50%, 02/25/2051(3)
|
245,789
|
|
2,230,395
|
2.50%, 04/25/2051(3)
|
351,064
|
|
7,580,881
|
2.50%, 05/01/2051
|
6,378,760
|
|
1,353,620
|
2.50%, 06/01/2051
|
1,132,233
|
|
723,271
|
2.50%, 07/01/2051
|
608,266
|
|
324,326
|
2.50%, 08/01/2051
|
274,562
|
|
466,226
|
2.50%, 09/01/2051
|
390,450
|
|
7,061,621
|
2.50%, 10/01/2051
|
5,930,527
|
|
6,828,419
|
2.50%, 11/01/2051
|
5,765,663
|
|
2,107,304
|
2.50%, 12/01/2051
|
1,773,865
|
|
812,869
|
2.50%, 01/01/2052
|
683,815
|
|
1,173,526
|
2.50%, 03/01/2052
|
980,101
|
|
467,618
|
2.50%, 04/01/2052
|
391,272
|
|
1,988,340
|
2.50%, 06/25/2052(3)
|
315,238
|
|
2,338,722
|
2.50%, 09/25/2052(3)
|
369,960
|
|
1,130,782
|
2.50%, 01/01/2057
|
940,672
|
|
370,136
|
3.00%, 04/25/2033(3)
|
22,843
|
|
136,830
|
3.00%, 08/01/2033
|
133,302
|
|
969,381
|
3.00%, 06/01/2038
|
932,040
|
|
400,826
|
3.00%, 11/25/2042
|
363,156
|
|
2,797
|
3.00%, 02/25/2043
|
2,740
|
|
973,682
|
3.00%, 06/01/2043
|
884,099
|
|
1,080,215
|
3.00%, 11/01/2044
|
982,168
|
|
1,045,343
|
3.00%, 01/25/2045
|
953,494
|
|
57,787
|
3.00%, 01/25/2046
|
53,944
|
|
785,950
|
3.00%, 02/25/2047
|
731,393
|
|
282,758
|
3.00%, 08/25/2049
|
257,217
|
|
103,582
|
3.00%, 12/01/2049
|
91,102
|
|
354,439
|
3.00%, 02/01/2050
|
313,022
|
|
1,481,857
|
3.00%, 07/01/2050
|
1,310,160
|
|
1,363,744
|
3.00%, 08/01/2050
|
1,194,013
|
|
562,265
|
3.00%, 10/01/2050
|
490,879
|
|
2,277,806
|
3.00%, 12/01/2050
|
2,000,227
|
|
691,593
|
3.00%, 05/01/2051
|
612,950
|
|
168,092
|
3.00%, 06/01/2051
|
147,300
|
|
1,446,927
|
3.00%, 07/01/2051
|
1,267,016
|
|
333,261
|
3.00%, 08/01/2051
|
293,022
|
|
1,128,584
|
3.00%, 09/01/2051
|
993,271
|
|
1,977,139
|
3.00%, 10/01/2051
|
1,731,072
|
|
1,874,588
|
3.00%, 11/01/2051
|
1,639,962
|
|
1,030,929
|
3.00%, 12/01/2051
|
902,635
|
|
485,367
|
3.00%, 01/01/2052
|
423,749
|
|
1,573,979
|
3.00%, 01/25/2052(3)
|
231,621
|
|
593,643
|
3.00%, 04/01/2052
|
519,575
|
|
735,287
|
3.00%, 05/01/2052
|
643,507
|
|
23,343
|
3.00%, 06/01/2052
|
20,265
|
|
549,961
|
3.00%, 09/01/2052
|
478,327
|
|
954,871
|
3.50%, 07/25/2033(3)
|
69,794
|
|
405,930
|
3.50%, 08/25/2033(3)
|
34,756
|
|
185,284
|
3.50%, 04/25/2034(3)
|
6,691
|
|
809,887
|
3.50%, 05/01/2037
|
785,234
|
|
461,716
|
3.50%, 11/25/2039(3)
|
40,468
|
|
411,173
|
3.50%, 10/01/2041
|
385,023
|
|
2,958
|
3.50%, 05/25/2042
|
2,855
|
|
1,281,626
|
3.50%, 08/01/2043
|
1,192,134
|
|
44,279
|
3.50%, 07/25/2044
|
43,864
|
|
180,133
|
3.50%, 12/01/2045
|
166,385
|
|
177,921
|
3.50%, 01/01/2046
|
164,429
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal National Mortgage Association - 10.5% - (continued)
|
||
$ 129,475
|
3.50%, 03/01/2046
|
$119,842
|
|
657,584
|
3.50%, 12/01/2046
|
615,812
|
|
223,666
|
3.50%, 05/01/2047
|
206,446
|
|
1,763,765
|
3.50%, 09/01/2047
|
1,618,177
|
|
1,690,982
|
3.50%, 12/01/2047
|
1,550,362
|
|
205,719
|
3.50%, 01/01/2048
|
188,287
|
|
2,189,983
|
3.50%, 02/01/2048
|
2,024,514
|
|
71,828
|
3.50%, 06/01/2048
|
65,690
|
|
349,528
|
3.50%, 07/01/2048
|
322,400
|
|
75,033
|
3.50%, 11/01/2048
|
68,790
|
|
1,142,845
|
3.50%, 03/25/2049
|
1,061,256
|
|
475,124
|
3.50%, 04/25/2049
|
458,270
|
|
566,659
|
3.50%, 06/01/2049
|
524,666
|
|
359,246
|
3.50%, 09/01/2050
|
329,781
|
|
771,659
|
3.50%, 11/01/2051
|
698,792
|
|
1,147,127
|
3.50%, 04/01/2052
|
1,046,724
|
|
639,033
|
3.50%, 05/01/2056
|
575,424
|
|
523,364
|
3.50%, 11/25/2057
|
505,505
|
|
946,082
|
3.50%, 05/01/2058
|
851,873
|
|
910,533
|
3.50%, 12/25/2058
|
821,966
|
|
508,736
|
4.00%, 08/01/2038
|
505,863
|
|
1,992
|
4.00%, 11/01/2040
|
1,924
|
|
24,725
|
4.00%, 02/01/2041
|
23,902
|
|
313,580
|
4.00%, 06/01/2041
|
303,271
|
|
3,923
|
4.00%, 09/01/2041
|
3,789
|
|
6,164
|
4.00%, 10/01/2041
|
5,960
|
|
145,138
|
4.00%, 01/01/2042
|
140,086
|
|
187,796
|
4.00%, 02/01/2042
|
181,297
|
|
51,134
|
4.00%, 05/01/2042
|
49,338
|
|
1,996
|
4.00%, 09/01/2042
|
1,926
|
|
755,555
|
4.00%, 01/01/2043
|
729,643
|
|
15,477
|
4.00%, 10/01/2043
|
14,948
|
|
1,268,844
|
4.00%, 12/01/2043
|
1,217,502
|
|
186,120
|
4.00%, 03/01/2046
|
178,048
|
|
243,250
|
4.00%, 09/01/2047
|
229,876
|
|
434,169
|
4.00%, 10/01/2047
|
410,882
|
|
225,405
|
4.00%, 11/01/2047
|
212,872
|
|
1,378,720
|
4.00%, 06/01/2048
|
1,300,625
|
|
1,752,458
|
4.00%, 10/01/2048
|
1,656,206
|
|
667,629
|
4.00%, 01/01/2049
|
632,894
|
|
1,487,725
|
4.00%, 04/01/2049
|
1,391,663
|
|
84,130
|
4.00%, 08/01/2049
|
80,481
|
|
519,356
|
4.00%, 09/01/2049
|
489,367
|
|
3,133,483
|
4.00%, 02/25/2050(3)
|
614,186
|
|
1,063,945
|
4.00%, 04/01/2050
|
1,002,356
|
|
1,605,695
|
4.00%, 06/25/2050(3)
|
323,764
|
|
1,360,246
|
4.00%, 09/25/2050(3)
|
263,915
|
|
1,716,463
|
4.00%, 11/25/2050(3)
|
347,776
|
|
687,235
|
4.00%, 08/01/2051
|
652,425
|
|
1,952,203
|
4.00%, 04/01/2052
|
1,819,751
|
|
743,055
|
4.00%, 06/01/2052
|
696,789
|
|
1,996,519
|
4.39%, 04/01/2029
|
2,017,038
|
|
1,819,767
|
4.48%, 02/01/2029
|
1,844,283
|
|
518,945
|
4.50%, 12/01/2037
|
517,379
|
|
366,126
|
4.50%, 04/01/2048
|
356,549
|
|
163,777
|
4.50%, 04/01/2049
|
159,155
|
|
2,263,581
|
4.50%, 05/25/2049(3)
|
432,474
|
|
695,181
|
4.50%, 01/01/2051
|
665,973
|
|
1,151,017
|
4.50%, 08/01/2052
|
1,102,747
|
|
1,262,175
|
4.50%, 03/01/2053
|
1,207,901
|
|
4,810,879
|
4.50%, 10/01/2053
|
4,604,783
|
|
215,000
|
4.75%, 04/01/2028
|
218,854
|
|
1,900,000
|
4.91%, 01/01/2029
|
1,954,136
|
|
242,792
|
5.00%, 06/25/2048(3)
|
36,124
|
|
931,361
|
5.00%, 07/01/2052
|
915,224
|
|
7,510,701
|
5.00%, 09/01/2052
|
7,377,244
|
|
66
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Federal National Mortgage Association - 10.5% - (continued)
|
||
$ 214,076
|
5.00%, 10/01/2052
|
$209,993
|
|
111,671
|
5.00%, 11/01/2052
|
109,535
|
|
129,550
|
5.00%, 12/01/2052
|
127,033
|
|
1,465,000
|
5.07%, 12/01/2028
|
1,512,134
|
|
2,210,344
|
5.50%, 11/25/2035
|
2,230,767
|
|
800,742
|
5.50%, 04/01/2038
|
814,292
|
|
252,750
|
5.50%, 04/25/2044(3)
|
38,056
|
|
2,116,230
|
5.50%, 12/25/2051
|
2,135,998
|
|
2,010,450
|
5.50%, 03/25/2052
|
2,023,345
|
|
1,892,502
|
5.50%, 04/25/2052
|
1,905,492
|
|
675,864
|
5.50%, 10/01/2052
|
678,435
|
|
1,288,437
|
5.50%, 11/01/2052
|
1,290,727
|
|
2,368,871
|
5.50%, 12/01/2052
|
2,372,143
|
|
1,287,537
|
5.50%, 06/01/2053
|
1,289,348
|
|
1,479,818
|
5.50%, 07/01/2053
|
1,479,809
|
|
23,626,613
|
5.50%, 11/01/2053
|
23,603,359
|
|
148,906
|
5.50%, 03/01/2054
|
148,644
|
|
610,999
|
6.00%, 04/01/2044
|
624,471
|
|
1,931,778
|
6.00%, 08/25/2044
|
1,975,012
|
|
314,573
|
6.00%, 01/01/2053
|
319,963
|
|
735,259
|
6.00%, 05/01/2053
|
754,920
|
|
377,582
|
6.00%, 11/01/2053
|
385,066
|
|
351,951
|
6.00%, 01/01/2054
|
357,333
|
|
1,175,264
|
6.00%, 02/01/2054
|
1,193,373
|
|
672,762
|
6.00%, 03/01/2054
|
684,425
|
|
1,537,672
|
6.00%, 05/01/2054
|
1,560,785
|
|
1,303,693
|
6.00%, 06/01/2054
|
1,322,904
|
|
1,316,734
|
6.00%, 09/01/2054
|
1,339,810
|
|
|
|
|
207,903,630
|
|
Government National Mortgage Association - 8.4%
|
||
112,471
|
2.00%, 06/16/2042
|
104,543
|
|
1,179,797
|
2.00%, 10/20/2050
|
962,707
|
|
3,429,471
|
2.00%, 12/20/2050
|
2,798,412
|
|
230,991
|
2.00%, 12/20/2051
|
188,514
|
|
5,568,447
|
2.00%, 02/20/2052
|
4,543,578
|
|
636,631
|
2.00%, 03/20/2052
|
519,457
|
|
17,695,506
|
2.00%, 04/20/2052
|
14,438,765
|
|
324,052
|
2.00%, 05/20/2052
|
264,412
|
|
609,725
|
2.00%, 10/20/2052
|
497,607
|
|
29,044
|
2.50%, 05/20/2040
|
28,549
|
|
1,621,205
|
2.50%, 10/20/2049
|
1,443,723
|
|
1,225,408
|
2.50%, 11/20/2049
|
1,050,768
|
|
970,722
|
2.50%, 03/20/2051
|
827,690
|
|
857,037
|
2.50%, 09/20/2051
|
730,522
|
|
2,873,028
|
2.50%, 10/20/2051
|
2,448,909
|
|
16,995,000
|
2.50%, 05/20/2055(11)
|
14,481,580
|
|
1,237,975
|
3.00%, 01/16/2044
|
1,137,772
|
|
586,195
|
3.00%, 02/20/2047
|
521,801
|
|
473,186
|
3.00%, 05/20/2049
|
439,614
|
|
178,651
|
3.00%, 03/20/2050
|
158,579
|
|
2,509,959
|
3.00%, 07/20/2050(3)
|
339,912
|
|
403,105
|
3.00%, 11/20/2050
|
358,143
|
|
3,643,622
|
3.00%, 04/20/2051
|
3,229,763
|
|
2,103,249
|
3.00%, 08/20/2051
|
1,862,942
|
|
1,337,114
|
3.00%, 09/20/2051
|
1,184,873
|
|
415,484
|
3.00%, 10/20/2051
|
368,022
|
|
2,878,373
|
3.00%, 12/20/2051
|
2,549,170
|
|
708,907
|
3.00%, 02/20/2052
|
654,123
|
|
659,867
|
3.00%, 04/20/2052
|
584,267
|
|
8,010,000
|
3.00%, 05/20/2055(11)
|
7,090,470
|
|
196,531
|
3.50%, 11/20/2042
|
179,378
|
|
685,804
|
3.50%, 03/20/2044
|
636,051
|
|
435,971
|
3.50%, 06/20/2046
|
400,825
|
|
95,493
|
3.50%, 07/20/2046
|
88,094
|
|
100,673
|
3.50%, 10/20/2046
|
92,536
|
|
440,281
|
3.50%, 02/20/2047
|
404,626
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Government National Mortgage Association - 8.4% - (continued)
|
||
$ 117,914
|
3.50%, 05/20/2047
|
$108,346
|
|
120,619
|
3.50%, 07/20/2047
|
110,787
|
|
88,505
|
3.50%, 11/20/2047
|
81,255
|
|
107,943
|
3.50%, 03/20/2048
|
98,838
|
|
511,719
|
3.50%, 02/20/2049
|
469,634
|
|
1,180,246
|
3.50%, 06/20/2049
|
1,076,275
|
|
2,881,810
|
3.50%, 11/20/2049
|
2,624,477
|
|
309,333
|
3.50%, 12/20/2049
|
282,184
|
|
187,419
|
3.50%, 01/20/2050
|
171,657
|
|
718,793
|
3.50%, 06/20/2050
|
656,709
|
|
2,878,680
|
3.50%, 02/20/2051
|
2,622,363
|
|
1,082,859
|
3.50%, 11/20/2052
|
971,180
|
|
1,604,090
|
3.50%, 01/20/2053
|
1,460,489
|
|
261,610
|
3.88%, 08/15/2042
|
248,382
|
|
873,084
|
4.00%, 09/16/2042(3)
|
208,108
|
|
266,894
|
4.00%, 09/20/2042(3)
|
32,020
|
|
190,784
|
4.00%, 12/20/2044(3)
|
35,684
|
|
411,084
|
4.00%, 08/20/2045
|
389,470
|
|
560,562
|
4.00%, 09/20/2047
|
528,427
|
|
2,392,728
|
4.00%, 11/20/2047
|
2,255,069
|
|
354,674
|
4.00%, 12/20/2047
|
333,845
|
|
910,944
|
4.00%, 02/20/2048
|
856,893
|
|
15,404
|
4.00%, 04/20/2048
|
14,461
|
|
806,456
|
4.00%, 07/20/2048
|
758,719
|
|
2,741,919
|
4.00%, 08/20/2052
|
2,562,960
|
|
801,672
|
4.50%, 02/20/2040
|
795,489
|
|
721,228
|
4.50%, 05/20/2041
|
715,664
|
|
593,243
|
4.50%, 06/16/2043(3)
|
111,395
|
|
289,560
|
4.50%, 05/20/2045(3)
|
63,775
|
|
2,924,708
|
4.50%, 08/20/2045(3)
|
575,513
|
|
470,015
|
4.50%, 12/16/2046(3)
|
67,301
|
|
316,574
|
4.50%, 05/20/2048(3)
|
46,468
|
|
205,146
|
4.50%, 06/20/2048(3)
|
36,155
|
|
150,788
|
4.50%, 05/20/2052
|
145,258
|
|
633,479
|
4.50%, 08/20/2052
|
610,111
|
|
577,068
|
4.50%, 09/20/2052
|
555,780
|
|
2,615,008
|
4.50%, 10/20/2052
|
2,518,543
|
|
2,315,716
|
4.50%, 11/20/2052
|
2,228,870
|
|
19,610,000
|
4.50%, 05/20/2055(11)
|
18,768,894
|
|
573,008
|
5.00%, 05/20/2040
|
578,981
|
|
454,938
|
5.00%, 06/20/2040
|
459,950
|
|
178,310
|
5.00%, 07/20/2040
|
180,274
|
|
253,863
|
5.00%, 12/20/2043(3)
|
43,508
|
|
1,153,745
|
5.00%, 07/16/2044(3)
|
184,718
|
|
212,127
|
5.00%, 11/16/2046(3)
|
33,805
|
|
212,035
|
5.00%, 06/16/2047(3)
|
37,284
|
|
2,308,744
|
5.00%, 10/20/2047(3)
|
474,584
|
|
282,416
|
5.00%, 11/16/2047(3)
|
54,968
|
|
761,275
|
5.00%, 11/20/2049
|
755,433
|
|
9,027,500
|
5.00%, 05/20/2054(11)
|
8,854,607
|
|
196,540
|
5.50%, 02/20/2044(3)
|
8,667
|
|
156,936
|
5.50%, 09/15/2045
|
165,978
|
|
226,807
|
5.50%, 09/20/2045(3)
|
42,514
|
|
25,900,000
|
5.50%, 05/20/2054(11)
|
25,886,139
|
|
7,645,000
|
6.00%, 05/20/2054(11)
|
7,731,902
|
|
6,649,799
|
6.00%, 10/20/2054
|
6,729,173
|
|
|
|
|
166,030,630
|
|
Uniform Mortgage-Backed Security - 5.2%
|
||
500,000
|
1.50%, 05/01/2055(11)
|
376,479
|
|
275,000
|
2.00%, 05/01/2039(11)
|
249,763
|
|
33,552,000
|
2.00%, 05/01/2055(11)
|
26,605,369
|
|
29,696,000
|
2.50%, 05/01/2054(11)
|
24,682,447
|
|
5,625,000
|
3.00%, 02/01/2052(11)
|
4,880,825
|
|
18,240,000
|
3.50%, 03/01/2052(11)
|
16,459,551
|
|
2,880,000
|
4.50%, 05/01/2055(11)
|
2,754,001
|
|
67
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT AGENCIES - 35.8% - (continued)
|
|||
|
Mortgage-Backed Agencies - 35.8% - (continued)
|
||
|
Uniform Mortgage-Backed Security - 5.2% - (continued)
|
||
$ 24,340,000
|
5.50%, 05/01/2054(11)
|
$24,287,455
|
|
3,895,000
|
7.00%, 05/01/2054(11)
|
4,071,302
|
|
|
|
|
104,367,192
|
|
Total U.S. Government Agencies
(cost $724,384,720)
|
|
$711,916,735
|
U.S. GOVERNMENT SECURITIES - 32.9%
|
|||
|
U.S. Treasury Securities - 32.9%
|
||
|
U.S. Treasury Bonds - 11.5%
|
||
35,940,000
|
1.25%, 05/15/2050
|
$17,482,844
|
|
19,520,000
|
1.63%, 11/15/2050
|
10,405,838
|
|
5,795,000
|
2.50%, 02/15/2045
|
4,119,656
|
|
8,585,000
|
2.75%, 11/15/2042
|
6,598,042
|
|
3,895,000
|
2.88%, 08/15/2045
|
2,941,638
|
|
56,000
|
2.88%, 05/15/2052
|
39,896
|
|
3,325,000
|
3.00%, 11/15/2045
|
2,558,562
|
|
1,395,000
|
3.00%, 02/15/2048
|
1,047,122
|
|
23,885,000
|
3.00%, 08/15/2052(12)
|
17,462,174
|
|
3,365,000
|
3.13%, 02/15/2043
|
2,729,725
|
|
2,645,000
|
3.13%, 08/15/2044
|
2,105,978
|
|
13,195,000
|
3.13%, 05/15/2048
|
10,116,339
|
|
25,825,000
|
3.38%, 08/15/2042
|
21,885,679
|
|
6,010,000
|
3.38%, 05/15/2044
|
4,993,934
|
|
55,565,000
|
3.38%, 11/15/2048(13)
|
44,384,714
|
|
8,720,000
|
3.63%, 08/15/2043
|
7,574,137
|
|
8,845,000
|
3.63%, 02/15/2044
|
7,649,888
|
|
30,905,000
|
3.63%, 05/15/2053
|
25,577,509
|
|
15,767,400
|
4.13%, 08/15/2044
|
14,614,409
|
|
1,455,000
|
4.13%, 08/15/2053
|
1,318,707
|
|
5,405,000
|
4.25%, 08/15/2054
|
5,010,604
|
|
14,375,000
|
4.50%, 11/15/2054
|
13,914,551
|
|
3,930,000
|
4.75%, 02/15/2045
|
3,957,019
|
|
|
|
|
228,488,965
|
|
U.S. Treasury Inflation-Indexed Bonds - 2.3%
|
||
15,226,088
|
0.25%, 02/15/2050(14)
|
8,890,707
|
|
742,393
|
0.63%, 02/15/2043(14)
|
555,214
|
|
19,879,693
|
0.75%, 02/15/2042(14)
|
15,526,085
|
|
10,350,825
|
0.75%, 02/15/2045(14)
|
7,605,256
|
|
3,662,344
|
1.00%, 02/15/2046(14)
|
2,789,056
|
|
13,777,978
|
1.38%, 02/15/2044(14)
|
11,647,493
|
|
|
|
|
47,013,811
|
|
U.S. Treasury Inflation-Indexed Notes - 1.3%
|
||
2,048,417
|
1.38%, 07/15/2033(14)
|
1,984,849
|
|
23,653,285
|
1.75%, 01/15/2034(14)
|
23,422,616
|
|
|
|
|
25,407,465
|
|
U.S. Treasury Notes - 17.8%
|
||
16,965,000
|
1.38%, 11/15/2031(15)
|
14,497,785
|
|
17,865,000
|
2.75%, 08/15/2032
|
16,497,909
|
|
17,770,000
|
3.50%, 02/15/2033
|
17,168,180
|
|
8,085,000
|
3.75%, 06/30/2030
|
8,085,000
|
|
10,645,000
|
3.88%, 08/15/2033
|
10,510,274
|
|
4,215,000
|
3.88%, 08/15/2034
|
4,128,724
|
|
70,125,000
|
4.00%, 01/31/2029
|
70,979,649
|
|
25,115,000
|
4.00%, 02/15/2034
|
24,922,713
|
|
16,790,000
|
4.13%, 03/31/2031
|
17,039,882
|
|
46,630,000
|
4.13%, 11/30/2031
|
47,211,054
|
|
16,285,000
|
4.25%, 11/15/2034
|
16,409,682
|
|
17,625,000
|
4.38%, 11/30/2030
|
18,128,965
|
|
26,650,000
|
4.38%, 01/31/2032
|
27,359,973
|
Shares or Principal Amount
|
|
Market Value†
|
|
U.S. GOVERNMENT SECURITIES - 32.9% - (continued)
|
|||
|
U.S. Treasury Securities - 32.9% - (continued)
|
||
|
U.S. Treasury Notes - 17.8% - (continued)
|
||
$ 44,945,000
|
4.50%, 04/15/2027
|
$45,687,646
|
|
14,405,000
|
4.50%, 11/15/2033
|
14,847,278
|
|
|
|
|
353,474,714
|
|
Total U.S. Government Securities
(cost $693,885,081)
|
|
$654,384,955
|
|
Total Long-Term Investments
(cost $2,210,895,087)
|
|
$2,142,973,986
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
Repurchase Agreements - 0.3%
|
||
6,250,827
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 04/30/2025 at 4.37%,
due on 05/01/2025 with a maturity value
of $6,251,586; collateralized by
U.S. Treasury Note at 4.38%, maturing
07/31/2026, with a market value of
$6,375,870
|
$6,250,827
|
|
|
Total Short-Term Investments
(cost $6,250,827)
|
$6,250,827
|
|
|
Total Investments
(cost $2,217,145,914)
|
108.1
%
|
$2,149,224,813
|
|
Other Assets and Liabilities
|
(8.1
)%
|
(160,600,212
)
|
|
Net Assets
|
100.0
%
|
$1,988,624,601
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At April 30, 2025, the aggregate value of these securities was
$470,176,435, representing 23.6% of net assets.
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at April
30,
2025. Base lending rates may be subject to a floor or cap.
|
(3)
|
Securities disclosed are interest-only strips.
|
(4)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
(6)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was $967,338
at April 30, 2025.
|
|
68
|
|
(7)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At April 30, 2025, the aggregate value
of these securities was $23,554,381, representing 1.2% of net assets.
|
(8)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
April 30, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
(9)
|
Security disclosed is principal-only strips.
|
(10)
|
Security is a zero-coupon bond.
|
(11)
|
Represents or includes a TBA transaction.
|
(12)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of April 30, 2025, the market value of securities pledged was
$2,913,409.
|
(13)
|
All, or a portion of the security, was pledged as collateral in connection with TBAs.
As of April 30, 2025, the market value of securities pledged was $271,588.
|
(14)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
(15)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of April 30, 2025, the market value of
securities pledged was $6,520,371.
|
Futures Contracts Outstanding at April 30, 2025
|
||||
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
Long position contracts:
|
||||
Australian 10-Year Bond Future
|
352
|
06/16/2025
|
$25,894,824
|
$654,092
|
Canadian 10-Years Bond Future
|
237
|
06/19/2025
|
21,217,274
|
71,114
|
Euro-BUND Future
|
8
|
06/06/2025
|
1,198,407
|
7,085
|
U.S. Treasury 2-Year Note Future
|
214
|
06/30/2025
|
44,543,766
|
85,702
|
U.S. Treasury 5-Year Note Future
|
1,075
|
06/30/2025
|
117,384,961
|
302,570
|
U.S. Treasury Long Bond Future
|
2
|
06/18/2025
|
233,250
|
(5,315
)
|
Total
|
|
|
|
$1,115,248
|
Short position contracts:
|
||||
Euro BUXL 30-Year Bond Future
|
(63)
|
06/06/2025
|
$(8,887,452
)
|
$(173,641
)
|
French Government Bond Future
|
(93)
|
06/06/2025
|
(13,282,377
)
|
(349,185
)
|
U.S. Treasury 10-Year Note Future
|
(135)
|
06/18/2025
|
(15,149,531
)
|
(206,772
)
|
U.S. Treasury 10-Year Ultra Future
|
(331)
|
06/18/2025
|
(37,977,078
)
|
(267,864
)
|
U.S. Treasury Ultra Bond Future
|
(201)
|
06/18/2025
|
(24,327,281
)
|
(211,720
)
|
Total
|
|
|
|
$(1,209,182
)
|
Total futures contracts
|
$(93,934
)
|
TBA Sale Commitments Outstanding at April 30, 2025
|
||||
Description
|
Principal
Amount
|
Maturity
Date
|
Market
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
Government National Mortgage Association, 2.00%
|
$7,925,000
|
05/20/2054
|
$(6,463,753
)
|
$(73,858
)
|
Government National Mortgage Association, 2.50%
|
4,530,000
|
05/20/2055
|
(3,860,050
)
|
(51,311
)
|
Government National Mortgage Association, 4.00%
|
670,000
|
05/20/2055
|
(623,532
)
|
(6,426
)
|
Government National Mortgage Association, 6.00%
|
12,225,000
|
05/20/2054
|
(12,363,964
)
|
(58,818
)
|
Uniform Mortgage-Backed Security, 2.50%
|
2,875,000
|
05/01/2054
|
(2,389,616
)
|
(32,565
)
|
Uniform Mortgage-Backed Security, 3.50%
|
6,963,000
|
03/01/2052
|
(6,283,325
)
|
(47,799
)
|
Uniform Mortgage-Backed Security, 4.00%
|
16,356,000
|
06/01/2052
|
(15,238,684
)
|
(98,357
)
|
Uniform Mortgage-Backed Security, 4.50%
|
5,764,000
|
05/01/2055
|
(5,511,827
)
|
(23,425
)
|
Uniform Mortgage-Backed Security, 4.50%
|
2,880,000
|
06/01/2054
|
(2,753,101
)
|
(4,051
)
|
Uniform Mortgage-Backed Security, 5.00%
|
1,570,000
|
05/01/2054
|
(1,536,742
)
|
(10,284
)
|
Uniform Mortgage-Backed Security, 6.00%
|
1,475,000
|
05/01/2054
|
(1,496,257
)
|
(5,811
)
|
Uniform Mortgage-Backed Security, 6.50%
|
1,960,000
|
05/01/2054
|
(2,018,348
)
|
(4,601
)
|
Total TBA sale commitments (proceeds receivable $60,121,893)
|
$(60,539,199
)
|
$(417,306
)
|
||
At April 30, 2025, the aggregate market value of TBA Sale Commitments represents (3.0)%
of total net assets.
|
|
69
|
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at April 30, 2025
|
|||||||||
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
3.70% Fixed
|
12 Mo. USD SOFR
|
USD
|
11,075,000
|
05/31/2029
|
Annual
|
$—
|
$—
|
$(145,725
)
|
$(145,725
)
|
4.16% Fixed
|
12 Mo. USD SOFR
|
USD
|
35,970,000
|
03/19/2045
|
Annual
|
—
|
(69,188
)
|
(1,355,132
)
|
(1,285,944
)
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
5,185,000
|
03/15/2053
|
Annual
|
2,918
|
—
|
780,033
|
777,115
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
4,030,000
|
03/15/2053
|
Annual
|
43,652
|
—
|
668,921
|
625,269
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
3,735,000
|
06/21/2053
|
Annual
|
—
|
(34,984
)
|
424,808
|
459,792
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
8,150,000
|
09/20/2053
|
Annual
|
36,144
|
—
|
389,704
|
353,560
|
3.75% Fixed
|
12 Mo. USD SOFR
|
USD
|
3,325,000
|
12/18/2054
|
Annual
|
4,856
|
—
|
47,608
|
42,752
|
Total centrally cleared interest rate swaps contracts
|
$87,570
|
$(104,172
)
|
$810,217
|
$826,819
|
Foreign Currency Contracts Outstanding at April 30, 2025
|
||||||
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
935,000
|
EUR
|
1,014,047
|
USD
|
SGG
|
06/18/2025
|
$52,097
|
694,000
|
EUR
|
791,182
|
USD
|
WFB
|
06/18/2025
|
159
|
3,962,356
|
USD
|
23,599,000
|
BRL
|
GSC
|
06/18/2025
|
(159,373
)
|
23,845,376
|
USD
|
21,773,000
|
EUR
|
DEUT
|
06/18/2025
|
(981,521
)
|
Total foreign currency contracts
|
$(1,088,638
)
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
Assets
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$330,281,135
|
$—
|
$330,281,135
|
$—
|
Corporate Bonds
|
392,170,672
|
—
|
392,170,672
|
—
|
Foreign Government Obligations
|
45,598,298
|
—
|
45,598,298
|
—
|
Municipal Bonds
|
8,622,191
|
—
|
8,622,191
|
—
|
U.S. Government Agencies
|
711,916,735
|
—
|
711,916,735
|
—
|
U.S. Government Securities
|
654,384,955
|
—
|
654,384,955
|
—
|
Short-Term Investments
|
6,250,827
|
—
|
6,250,827
|
—
|
Foreign Currency Contracts(2)
|
52,256
|
—
|
52,256
|
—
|
Futures Contracts(2)
|
1,120,563
|
1,120,563
|
—
|
—
|
Swaps - Interest Rate(2)
|
2,258,488
|
—
|
2,258,488
|
—
|
Total
|
$2,152,656,120
|
$1,120,563
|
$2,151,535,557
|
$—
|
Liabilities
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(1,140,894
)
|
$—
|
$(1,140,894
)
|
$—
|
Futures Contracts(2)
|
(1,214,497
)
|
(1,214,497
)
|
—
|
—
|
Swaps - Interest Rate(2)
|
(1,431,669
)
|
—
|
(1,431,669
)
|
—
|
TBA Sale Commitments
|
(60,539,199
)
|
—
|
(60,539,199
)
|
—
|
Total
|
$(64,326,259
)
|
$(1,214,497
)
|
$(63,111,762
)
|
$—
|
(1)
|
For the period ended April 30, 2025, 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.
|
|
70
|
|
Counterparty Abbreviations:
|
|
BCLY
|
Barclays
|
BOA
|
Bank of America Securities LLC
|
CBK
|
Citibank NA
|
DEUT
|
Deutsche Bank Securities, Inc.
|
GSC
|
Goldman Sachs & Co.
|
HSBC
|
Hongkong and Shanghai Banking Corporation
|
JPM
|
JP Morgan Chase & Co.
|
MSC
|
Morgan Stanley
|
NWM
|
NatWest Markets Plc
|
SCB
|
Standard Chartered Bank
|
SGG
|
Societe Generale Group
|
SSG
|
State Street Global Markets LLC
|
UBS
|
UBS AG
|
WEST
|
Westpac International
|
WFB
|
Wells Fargo Bank NA
|
Currency Abbreviations:
|
|
AUD
|
Australia Dollar
|
BRL
|
Brazil Real
|
CAD
|
Canadian Dollar
|
CHF
|
Switzerland Franc
|
CLP
|
Chile Peso
|
CNH
|
China Yuan Renminbi
|
CNY
|
China Yuan Renminbi
|
COP
|
Colombia Peso
|
CZK
|
Czech Republic Koruna
|
EUR
|
Euro Member Countries
|
GBP
|
British Pound
|
HUF
|
Hungary Forint
|
IDR
|
Indonesia Rupiah
|
INR
|
Indian Rupee
|
JPY
|
Japan Yen
|
MXN
|
Mexican Peso
|
MYR
|
Malaysia Ringgit
|
NOK
|
Norway Krone
|
PEN
|
Peru Nuevo Sol
|
PHP
|
Philippines Peso
|
PLN
|
Poland Zloty
|
RON
|
Romania New Leu
|
SEK
|
Sweden Krona
|
THB
|
Thailand Baht
|
TRY
|
Turkish Currency
|
USD
|
United States Dollar
|
UYU
|
Uruguay Peso
|
ZAR
|
South Africa Rand
|
Index Abbreviations:
|
|
CDX.EM
|
Credit Derivatives Emerging Markets
|
CDX.NA.HY
|
Credit Derivatives North American High Yield
|
CMT
|
Constant Maturity Treasury Index
|
ICE
|
Intercontinental Exchange, Inc.
|
ITRAXX-XOVER
|
iTraxx Europe Crossover
|
Municipal Abbreviations:
|
|
Auth
|
Authority
|
COP
|
Certificate of Participation
|
Dev
|
Development
|
Dist
|
District
|
Facs
|
Facilities
|
GO
|
General Obligation
|
Redev
|
Redevelopment
|
Rev
|
Revenue
|
Other Abbreviations:
|
|
ADR
|
American Depositary Receipt
|
AGC
|
Assured Guaranty Corp.
|
AGM
|
Assured Guaranty Municipal Corp.
|
AMBAC
|
American Municipal Bond Assurance Corp.
|
ASA
|
Allmennaksjeselskap
|
BAM
|
Build America Mutual Assurance Co.
|
CLO
|
Collateralized Loan Obligation
|
CMO
|
Collateralized Mortgage Obligation
|
EURIBOR
|
Euro Interbank Offered Rate
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
FNMA
|
Federal National Mortgage Association
|
GmbH
|
Gesellschaft mit beschränkter Haftung
|
GNMA
|
Government National Mortgage Association
|
HUD
|
Housing and Urban Development
|
LME
|
London Metal Exchange
|
MSCI
|
Morgan Stanley Capital International
|
NPFG
|
National Public Finance Guarantee Corp.
|
Nyrt
|
New York REIT Inc
|
PSF-GTD
|
Permanent School Fund
|
Q-SBLF
|
Qualified School Bond Loan Fund
|
RBOB
|
Reformulated Blendstock for Oxygenate Blending
|
REIT
|
Real Estate Investment Trust
|
SCH BD GTY
|
School Bond Guaranty
|
SIFMA
|
Securities Industry and Financial Markets Association
|
SOFR
|
Secured Overnight Financing Rate
|
ST AID
WITHHLDG
|
State Aid Withholding
|
ST INTERCEPT
|
State Intercept
|
TBA
|
To Be Announced
|
ULSD
|
Ultra-Low Sulfur Diesel
|
WTI
|
West Texas Intermediate
|
|
71
|
|