|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CONVERTIBLE BONDS - 0.1%
|
|||
|
|
Biotechnology - 0.0%
|
||
|
$ 1,610,000
|
Ionis Pharmaceuticals, Inc. 0.00%,
12/01/2030(1)(2)
|
$1,421,832
|
|
|
|
Leisure Time - 0.1%
|
||
|
7,505,000
|
NCL Corp. Ltd. 0.75%, 09/15/2030(1)
|
6,872,359
|
|
|
|
Lodging - 0.0%
|
||
|
1,050,000
|
Wynn Macau Ltd. 4.50%,
03/07/2029(1)
|
1,041,600
|
|
|
|
Software - 0.0%
|
||
|
870,000
|
Datadog, Inc. 0.00%, 12/01/2029(2)
|
1,264,980
|
|
|
|
Total Convertible Bonds
(cost $10,718,265)
|
$10,600,771
|
|
|
CORPORATE BONDS - 44.6%
|
|||
|
|
Advertising - 0.1%
|
||
|
|
Clear Channel Outdoor Holdings, Inc.
|
|
|
|
1,680,000
|
7.13%, 02/15/2031(1)
|
$1,732,928
|
|
|
1,370,000
|
7.50%, 03/15/2033(1)
|
1,436,027
|
|
|
|
Lamar Media Corp.
|
|
|
|
885,000
|
3.75%, 02/15/2028
|
866,092
|
|
|
2,118,000
|
5.38%, 11/01/2033(1)
|
2,058,197
|
|
|
|
|
|
6,093,244
|
|
|
Aerospace & Defense - 1.5%
|
||
|
|
BAE Systems PLC
|
|
|
|
300,000
|
3.40%, 04/15/2030(1)
|
284,892
|
|
|
10,242,000
|
5.13%, 03/26/2029(1)
|
10,340,074
|
|
|
8,925,000
|
5.25%, 03/26/2031(1)
|
9,037,532
|
|
|
16,929,000
|
5.30%, 03/26/2034(1)
|
16,916,102
|
|
|
|
Boeing Co.
|
|
|
|
10,614,000
|
5.04%, 05/01/2027
|
10,645,287
|
|
|
2,470,000
|
5.15%, 05/01/2030
|
2,482,303
|
|
|
14,650,000
|
5.71%, 05/01/2040
|
14,475,275
|
|
|
19,970,000
|
5.81%, 05/01/2050
|
18,863,619
|
|
|
9,220,000
|
6.39%, 05/01/2031
|
9,699,447
|
|
|
420,000
|
Hexcel Corp. 4.90%, 05/15/2031
|
414,805
|
|
|
|
Honeywell Aerospace, Inc.
|
|
|
|
15,935,000
|
4.30%, 03/16/2031(1)
|
15,503,944
|
|
|
11,950,000
|
5.73%, 03/16/2056(1)
|
11,381,947
|
|
|
6,410,000
|
Howmet Aerospace, Inc. 3.90%,
04/15/2029
|
6,271,165
|
|
|
11,000,000
|
L3Harris Technologies, Inc. 5.25%,
06/01/2031
|
11,110,144
|
|
|
|
Northrop Grumman Corp.
|
|
|
|
6,615,000
|
4.03%, 10/15/2047
|
5,017,002
|
|
|
18,600,000
|
5.20%, 06/01/2054
|
16,468,657
|
|
|
|
TransDigm, Inc.
|
|
|
|
50,000
|
4.88%, 05/01/2029
|
49,114
|
|
|
1,265,000
|
6.13%, 07/31/2034(1)
|
1,250,792
|
|
|
305,000
|
6.25%, 01/31/2034(1)
|
307,998
|
|
|
1,650,000
|
6.38%, 05/31/2033(1)
|
1,649,582
|
|
|
1,805,000
|
6.75%, 01/31/2034(1)
|
1,834,373
|
|
|
535,000
|
7.13%, 12/01/2031(1)
|
551,820
|
|
|
|
|
|
164,555,874
|
|
|
Agriculture - 0.9%
|
||
|
|
BAT Capital Corp.
|
|
|
|
6,730,000
|
4.63%, 03/22/2033
|
6,487,743
|
|
|
13,245,000
|
5.35%, 08/15/2032
|
13,398,623
|
|
|
4,550,000
|
5.83%, 02/20/2031
|
4,693,042
|
|
|
|
Imperial Brands Finance PLC
|
|
|
|
1,180,000
|
4.88%, 02/07/2032(1)
|
1,156,583
|
|
|
24,690,000
|
5.50%, 07/07/2036(1)
|
24,009,762
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Agriculture - 0.9% - (continued)
|
||
|
$ 1,574,000
|
MHP Lux SA 6.25%, 09/19/2029(3)
|
$1,470,283
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
3,700,000
|
4.75%, 11/01/2031
|
3,672,559
|
|
|
6,700,000
|
4.88%, 04/30/2035
|
6,459,006
|
|
|
6,990,000
|
4.88%, 04/29/2036
|
6,694,429
|
|
|
11,220,000
|
5.13%, 02/15/2030
|
11,306,083
|
|
|
3,365,000
|
5.50%, 09/07/2030
|
3,439,655
|
|
|
5,200,000
|
6.38%, 05/16/2038
|
5,544,928
|
|
|
6,500,000
|
Reynolds American, Inc. 5.85%,
08/15/2045
|
6,158,724
|
|
|
|
|
|
94,491,420
|
|
|
Airlines - 0.2%
|
||
|
2,750,000
|
Alaska Airlines, Inc. 6.50%,
06/01/2031(1)
|
2,732,224
|
|
|
|
American Airlines Pass-Through Trust
|
|
|
|
345,000
|
5.25%, 05/10/2040
|
334,484
|
|
|
15,230,000
|
5.70%, 08/20/2040
|
15,237,920
|
|
|
917,000
|
JetBlue Airways Corp./JetBlue
Loyalty LP 9.88%, 09/20/2031(1)
|
797,922
|
|
|
|
|
|
19,102,550
|
|
|
Apparel - 0.0%
|
||
|
2,845,931
|
Beach Acquisition Bidco LLC 10.00%,
07/15/2033(1)(4)
|
3,055,133
|
|
|
2,475,000
|
Wolverine World Wide, Inc. 4.00%,
08/15/2029(1)
|
2,332,991
|
|
|
|
|
|
5,388,124
|
|
|
Auto Manufacturers - 0.3%
|
||
|
415,000
|
American Honda Finance Corp.
5.20%, 04/08/2033
|
408,913
|
|
|
13,285,000
|
Daimler Truck Finance North
America LLC 5.38%, 01/13/2032(1)
|
13,358,067
|
|
|
14,680,000
|
General Motors Co. 5.35%,
04/15/2028
|
14,806,826
|
|
|
665,000
|
Hyundai Capital America 5.00%,
04/07/2031(1)
|
657,962
|
|
|
1,250,000
|
Nissan Motor Co. Ltd. 7.75%,
07/17/2032(1)
|
1,291,221
|
|
|
415,000
|
Stellantis Financial Services
U.S. Corp. 5.40%, 06/15/2029(1)
|
412,082
|
|
|
|
|
|
30,935,071
|
|
|
Auto Parts & Equipment - 0.1%
|
||
|
775,000
|
Adient Global Holdings Ltd. 7.50%,
02/15/2033(1)(5)
|
799,822
|
|
|
|
American Axle & Manufacturing, Inc.
|
|
|
|
1,500,000
|
6.38%, 10/15/2032(1)
|
1,491,993
|
|
|
1,500,000
|
7.75%, 10/15/2033(1)
|
1,477,083
|
|
|
1,225,000
|
Clarios Global LP/Clarios
U.S. Finance Co. 6.75%,
09/15/2032(1)
|
1,234,201
|
|
|
1,160,000
|
Forvia SE 6.75%, 09/15/2033(1)
|
1,154,264
|
|
|
|
Goodyear Tire & Rubber Co.
|
|
|
|
750,000
|
5.00%, 07/15/2029
|
718,530
|
|
|
500,000
|
5.25%, 04/30/2031
|
449,006
|
|
|
1,795,000
|
8.88%, 07/15/2032
|
1,842,320
|
|
|
|
LG Energy Solution Ltd.
|
|
|
|
634,000
|
5.25%, 04/02/2031(1)
|
627,035
|
|
|
634,000
|
5.88%, 04/02/2036(1)
|
624,769
|
|
|
|
Qnity Electronics, Inc.
|
|
|
|
1,315,000
|
5.75%, 08/15/2032(1)
|
1,305,646
|
|
|
770,000
|
6.25%, 08/15/2033(1)
|
773,587
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Auto Parts & Equipment - 0.1% - (continued)
|
||
|
|
ZF North America Capital, Inc.
|
|
|
|
$ 1,000,000
|
7.13%, 04/14/2030(1)
|
$1,006,468
|
|
|
500,000
|
7.50%, 03/24/2031(1)
|
503,487
|
|
|
|
|
|
14,008,211
|
|
|
Beverages - 0.7%
|
||
|
14,356,000
|
Anheuser-Busch Cos.
LLC/Anheuser-Busch InBev
Worldwide, Inc. 4.90%, 02/01/2046
|
12,553,727
|
|
|
8,950,000
|
Anheuser-Busch InBev Worldwide,
Inc. 5.55%, 01/23/2049
|
8,440,142
|
|
|
4,365,000
|
Bacardi Ltd. 5.15%, 05/15/2038(1)
|
3,991,467
|
|
|
2,395,000
|
Bacardi Ltd./Bacardi-Martini BV
5.25%, 01/15/2029(1)
|
2,405,638
|
|
|
9,580,000
|
Bacardi-Martini BV 5.55%,
02/01/2030(1)
|
9,685,304
|
|
|
|
Central American Bottling Corp./CBC
Bottling Holdco SL/Beliv Holdco SL
|
|
|
|
1,800,000
|
5.25%, 04/27/2029(3)
|
1,759,954
|
|
|
450,000
|
5.25%, 04/27/2029(1)
|
439,988
|
|
|
|
Keurig Dr. Pepper, Inc.
|
|
|
|
3,187,000
|
2.25%, 03/15/2031
|
2,812,057
|
|
|
2,655,000
|
3.95%, 04/15/2029
|
2,592,935
|
|
|
4,345,000
|
4.05%, 04/15/2032
|
4,086,434
|
|
|
10,741,000
|
5.15%, 05/15/2035(5)
|
10,442,707
|
|
|
10,473,000
|
5.30%, 03/15/2034(5)
|
10,342,677
|
|
|
7,100,000
|
Molson Coors Beverage Co. 5.50%,
07/08/2036
|
6,975,262
|
|
|
|
|
|
76,528,292
|
|
|
Biotechnology - 0.4%
|
||
|
12,911,000
|
Amgen, Inc. 5.60%, 03/02/2043
|
12,375,377
|
|
|
688,000
|
Biocon Biologics Global PLC 6.67%,
10/09/2029(3)
|
689,109
|
|
|
2,250,000
|
BioMarin Pharmaceutical, Inc. 5.50%,
02/15/2034(1)
|
2,195,037
|
|
|
|
Genmab AS/Genmab Finance LLC
|
|
|
|
2,260,000
|
6.25%, 12/15/2032(1)
|
2,280,686
|
|
|
515,000
|
7.25%, 12/15/2033(1)
|
531,018
|
|
|
12,080,000
|
Gilead Sciences, Inc. 4.80%,
04/01/2044
|
10,555,855
|
|
|
5,999,000
|
Illumina, Inc. 5.75%, 12/13/2027
|
6,080,341
|
|
|
12,835,000
|
Royalty Pharma PLC 2.20%,
09/02/2030
|
11,525,537
|
|
|
|
|
|
46,232,960
|
|
|
Chemicals - 0.2%
|
||
|
980,000
|
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco
3/German Bidco 1 GmbH/German
Bidco 2 7.13%, 06/15/2033(1)
|
986,057
|
|
|
|
Celanese U.S. Holdings LLC
|
|
|
|
750,000
|
6.75%, 04/15/2033
|
764,527
|
|
|
750,000
|
7.00%, 02/15/2031
|
768,970
|
|
|
1,000,000
|
7.38%, 02/15/2034
|
1,028,645
|
|
|
750,000
|
7.70%, 11/15/2033(6)
|
793,906
|
|
|
2,272,000
|
Dangote Fertiliser Ltd. 7.75%,
05/05/2031(3)
|
2,276,968
|
|
|
|
GC Treasury Center Co. Ltd.
|
|
|
|
1,413,000
|
6.50%, 09/10/2030, (6.50% fixed
rate until 09/10/2030; 5 yr. USD
CMT + 2.82% thereafter)(1)(7)(8)
|
1,389,324
|
|
|
556,000
|
7.13%, 03/10/2035, (7.13% fixed
rate until 03/10/2035; 5 yr. USD
CMT + 3.16% thereafter)(1)(7)(8)
|
547,025
|
|
|
840,000
|
Nutrien Ltd. 4.85%, 05/29/2031
|
833,379
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Chemicals - 0.2% - (continued)
|
||
|
|
OCP SA
|
|
|
|
$ 910,000
|
3.75%, 06/23/2031(3)
|
$828,426
|
|
|
2,335,000
|
6.74%, 04/22/2031, (6.74% fixed
rate until 04/22/2031; 5 yr. USD
CMT + 2.75% thereafter)(1)(7)(8)
|
2,292,655
|
|
|
1,176,000
|
7.37%, 04/22/2036, (7.37% fixed
rate until 04/22/2036; 5 yr. USD
CMT + 3.22% thereafter)(1)(7)(8)
|
1,153,944
|
|
|
1,608,000
|
7.50%, 05/02/2054(3)
|
1,650,736
|
|
|
|
Olympus Water U.S. Holding Corp.
|
|
|
|
EUR
1,055,000
|
6.13%, 02/15/2033(1)
|
1,213,704
|
|
|
$ 1,500,000
|
6.25%, 10/01/2029(1)
|
1,481,075
|
|
|
3,265,000
|
7.25%, 02/15/2033(1)
|
3,198,293
|
|
|
720,000
|
SCIH Salt Holdings, Inc. 6.63%,
08/15/2031(1)
|
719,871
|
|
|
|
Tronox, Inc.
|
|
|
|
1,750,000
|
4.63%, 03/15/2029(1)
|
1,075,215
|
|
|
1,458,000
|
9.13%, 09/30/2030(1)(5)
|
1,455,291
|
|
|
|
UPL Corp. Ltd.
|
|
|
|
200,000
|
4.50%, 03/08/2028(3)
|
193,892
|
|
|
800,000
|
4.63%, 06/16/2030(3)
|
738,979
|
|
|
|
|
|
25,390,882
|
|
|
Commercial Banks - 9.0%
|
||
|
|
Banca Transilvania SA
|
|
|
|
EUR
1,695,000
|
4.75%, 05/27/2032, (4.75% fixed
rate until 05/27/2031; 1 yr.
EURIBOR ICE Swap + 1.95%
thereafter)(3)(8)
|
1,935,933
|
|
|
200,000
|
5.13%, 09/30/2030, (5.13% fixed
rate until 09/30/2029; 1 yr.
EURIBOR ICE Swap + 2.95%
thereafter)(3)(8)
|
234,139
|
|
|
1,195,000
|
7.13%, 11/27/2030, (7.13% fixed
rate until 11/27/2030; 5 yr.
EURIBOR ICE Swap + 4.78%
thereafter)(3)(7)(8)
|
1,406,927
|
|
|
$ 400,000
|
Banco Bilbao Vizcaya Argentaria SA
4.97%, 05/08/2031
|
395,789
|
|
|
1,122,000
|
Banco de Credito e Inversiones SA
3.50%, 10/12/2027(3)
|
1,104,434
|
|
|
|
Banco Santander SA
|
|
|
|
9,400,000
|
4.55%, 11/06/2030
|
9,185,629
|
|
|
9,200,000
|
4.87%, 04/15/2031
|
9,059,472
|
|
|
500,000
|
Bank Hapoalim BM 4.72%,
07/14/2029(3)
|
491,122
|
|
|
870,000
|
Bank KB Indonesia Tbk. PT 5.66%,
10/30/2027(3)
|
869,771
|
|
|
|
Bank of America Corp.
|
|
|
|
10,460,000
|
2.50%, 02/13/2031, (2.50% fixed
rate until 02/13/2030; 3 mo. USD
Term SOFR + 1.25%
thereafter)(8)
|
9,608,979
|
|
|
10,000,000
|
2.59%, 04/29/2031, (2.59% fixed
rate until 04/29/2030; 6 mo. USD
SOFR + 2.15% thereafter)(8)
|
9,174,201
|
|
|
29,550,000
|
2.69%, 04/22/2032, (2.69% fixed
rate until 04/22/2031; 6 mo. USD
SOFR + 1.32% thereafter)(8)
|
26,505,274
|
|
|
10,000,000
|
3.71%, 04/24/2028, (3.71% fixed
rate until 04/24/2027; 3 mo. USD
Term SOFR + 1.77%
thereafter)(8)
|
9,938,344
|
|
|
|
2
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
$ 5,480,000
|
5.93%, 09/15/2027, (5.93% fixed
rate until 09/15/2026; 6 mo. USD
SOFR + 1.34% thereafter)(8)
|
$5,488,286
|
|
|
11,185,000
|
Bank of Ireland Group PLC 5.00%,
11/12/2032, (5.00% fixed rate until
11/12/2031; 6 mo. USD SOFR +
1.16% thereafter)(1)(8)
|
11,035,729
|
|
|
|
Bank of Montreal
|
|
|
|
3,795,000
|
4.88%, 06/02/2032, (4.88% fixed
rate until 06/02/2031; 6 mo. USD
SOFR + 0.96% thereafter)(8)
|
3,752,155
|
|
|
9,005,000
|
5.30%, 06/02/2037, (5.30% fixed
rate until 06/02/2036; 6 mo. USD
SOFR + 1.21% thereafter)(8)
|
8,806,266
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
12,460,000
|
4.03%, 01/22/2030, (4.03% fixed
rate until 01/22/2029; 6 mo. USD
SOFR + 0.63% thereafter)(8)
|
12,252,928
|
|
|
840,000
|
4.54%, 04/23/2032, (4.54% fixed
rate until 04/23/2031; 6 mo. USD
SOFR + 0.90% thereafter)(8)
|
823,109
|
|
|
13,515,000
|
4.94%, 02/11/2031, (4.94% fixed
rate until 02/11/2030; 6 mo. USD
SOFR + 0.89% thereafter)(8)
|
13,521,738
|
|
|
22,510,000
|
Banque Federative du Credit Mutuel
SA 5.15%, 07/09/2032, (5.15%
fixed rate until 07/09/2031; 6 mo.
USD SOFR + 1.20%
thereafter)(1)(8)
|
22,215,843
|
|
|
|
Barclays PLC
|
|
|
|
600,000
|
4.91%, 06/26/2030, (4.91% fixed
rate until 06/26/2029; 6 mo. USD
SOFR + 0.91% thereafter)(8)
|
596,807
|
|
|
10,000,000
|
9.63%, 12/15/2029, (9.63% fixed
rate until 12/15/2029; 5 yr. USD
ICE Swap + 5.78%
thereafter)(7)(8)
|
11,016,840
|
|
|
|
BBVA Mexico SA Institucion De
Banca Multiple Grupo Financiero
BBVA Mexico
|
|
|
|
690,000
|
8.13%, 01/08/2039, (8.13% fixed
rate until 01/08/2034; 5 yr. USD
CMT + 4.21% thereafter)(1)(8)
|
725,142
|
|
|
734,000
|
8.45%, 06/29/2038, (8.45% fixed
rate until 06/29/2033; 5 yr. USD
CMT + 4.66% thereafter)(1)(8)
|
785,837
|
|
|
6,960,000
|
BNP Paribas SA 7.20%, 04/17/2036,
(7.20% fixed rate until 04/17/2036;
5 yr. USD CMT + 2.94%
thereafter)(1)(7)(8)
|
6,909,827
|
|
|
|
BPCE SA
|
|
|
|
9,423,000
|
3.12%, 10/19/2032, (3.12% fixed
rate until 10/19/2031; 6 mo. USD
SOFR + 1.73% thereafter)(1)(8)
|
8,316,476
|
|
|
12,410,000
|
5.18%, 06/02/2032, (5.18% fixed
rate until 06/02/2031; 6 mo. USD
SOFR + 1.22% thereafter)(1)(8)
|
12,265,979
|
|
|
9,643,000
|
5.42%, 01/13/2037, (5.42% fixed
rate until 01/13/2036; 6 mo. USD
SOFR + 1.57% thereafter)(1)(8)
|
9,221,145
|
|
|
4,555,000
|
5.77%, 06/02/2037, (5.77% fixed
rate until 06/02/2036; 6 mo. USD
SOFR + 1.63% thereafter)(1)(8)
|
4,468,516
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
$ 7,285,000
|
6.71%, 10/19/2029, (6.71% fixed
rate until 10/19/2028; 6 mo. USD
SOFR + 2.27% thereafter)(1)(8)
|
$7,546,734
|
|
|
6,950,000
|
6.92%, 01/14/2046, (6.92% fixed
rate until 01/14/2045; 6 mo. USD
SOFR + 2.61% thereafter)(1)(8)
|
6,946,228
|
|
|
|
CaixaBank SA
|
|
|
|
12,190,000
|
4.63%, 07/03/2029, (4.63% fixed
rate until 07/03/2028; 6 mo. USD
SOFR + 1.14% thereafter)(1)(8)
|
12,151,054
|
|
|
6,305,000
|
4.82%, 04/22/2032, (4.82% fixed
rate until 04/22/2031; 6 mo. USD
SOFR + 1.21% thereafter)(1)(8)
|
6,189,559
|
|
|
EUR
800,000
|
Ceska sporitelna AS 3.74%,
09/09/2032, (3.74% fixed rate until
09/09/2031; 3 mo. EURIBOR +
1.30% thereafter)(3)(8)
|
911,295
|
|
|
|
Citigroup, Inc.
|
|
|
|
$ 15,000,000
|
4.64%, 05/07/2028, (4.64% fixed
rate until 05/07/2027; 6 mo. USD
SOFR + 1.14% thereafter)(8)
|
15,001,807
|
|
|
5,000,000
|
5.32%, 03/26/2041, (5.32% fixed
rate until 03/26/2040; 6 mo. USD
SOFR + 4.55% thereafter)(8)
|
4,800,777
|
|
|
7,000,000
|
6.75%, 02/15/2030, (6.75% fixed
rate until 02/15/2030; 5 yr. USD
CMT + 2.57% thereafter)(7)(8)
|
7,007,861
|
|
|
12,385,000
|
6.88%, 08/15/2030, 5 yr. USD CMT
+ 2.89%(7)(8)
|
12,504,627
|
|
|
|
Credit Agricole SA
|
|
|
|
7,460,000
|
4.66%, 01/12/2032, (4.66% fixed
rate until 01/12/2031; 6 mo. USD
SOFR + 1.17% thereafter)(1)(8)
|
7,279,407
|
|
|
28,380,000
|
5.19%, 08/01/2032, (5.19% fixed
rate until 08/01/2031; 6 mo. USD
SOFR + 1.13% thereafter)(1)(8)
|
28,178,160
|
|
|
7,950,000
|
5.22%, 05/27/2031, (5.22% fixed
rate until 05/27/2030; 6 mo. USD
SOFR + 1.46% thereafter)(1)(8)
|
7,965,367
|
|
|
|
Deutsche Bank AG
|
|
|
|
10,784,000
|
3.55%, 09/18/2031, (3.55% fixed
rate until 09/18/2030; 6 mo. USD
SOFR + 3.04% thereafter)(8)
|
10,087,632
|
|
|
835,000
|
5.06%, 04/14/2032, (5.06% fixed
rate until 04/14/2031; 6 mo. USD
SOFR + 1.41% thereafter)(8)
|
825,094
|
|
|
10,295,000
|
5.30%, 05/09/2031, (5.30% fixed
rate until 05/09/2030; 6 mo. USD
SOFR + 1.72% thereafter)(8)
|
10,301,035
|
|
|
3,205,000
|
6.72%, 01/18/2029, (6.72% fixed
rate until 01/18/2028; 6 mo. USD
SOFR + 3.18% thereafter)(8)
|
3,289,657
|
|
|
13,800,000
|
Goldman Sachs Bank USA 4.66%,
06/03/2029, (4.66% fixed rate until
06/03/2028; 6 mo. USD SOFR +
0.72% thereafter)(8)
|
13,763,255
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
4,185,000
|
3.44%, 02/24/2043, (3.44% fixed
rate until 02/24/2042; 6 mo. USD
SOFR + 1.63% thereafter)(8)
|
3,058,748
|
|
|
6,085,000
|
4.52%, 01/21/2032, (4.52% fixed
rate until 01/21/2031; 6 mo. USD
SOFR + 0.96% thereafter)(8)
|
5,906,007
|
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
$ 7,500,000
|
5.21%, 01/28/2031, (5.21% fixed
rate until 01/28/2030; 6 mo. USD
SOFR + 1.08% thereafter)(8)
|
$7,516,939
|
|
|
13,385,000
|
5.22%, 04/23/2031, (5.22% fixed
rate until 04/23/2030; 6 mo. USD
SOFR + 1.58% thereafter)(8)
|
13,406,868
|
|
|
8,090,000
|
5.24%, 07/21/2032, (5.24% fixed
rate until 07/21/2031; 6 mo. USD
SOFR + 1.17% thereafter)(8)
|
8,074,090
|
|
|
5,515,000
|
5.54%, 01/21/2047, (5.54% fixed
rate until 01/21/2046; 6 mo. USD
SOFR + 1.32% thereafter)(8)
|
5,078,749
|
|
|
20,330,000
|
5.56%, 11/19/2045, (5.56% fixed
rate until 11/19/2044; 6 mo. USD
SOFR + 1.58% thereafter)(8)
|
18,862,574
|
|
|
14,470,000
|
5.66%, 07/21/2037, (5.66% fixed
rate until 07/21/2036; 6 mo. USD
SOFR + 1.45% thereafter)(8)
|
14,404,103
|
|
|
7,660,000
|
6.22%, 07/21/2057, (6.22% fixed
rate until 07/21/2056; 6 mo. USD
SOFR + 1.82% thereafter)(8)
|
7,586,695
|
|
|
13,440,000
|
6.48%, 10/24/2029, (6.48% fixed
rate until 10/24/2028; 6 mo. USD
SOFR + 1.77% thereafter)(8)
|
13,869,218
|
|
|
|
Golomt Bank
|
|
|
|
1,465,000
|
7.95%, 05/14/2029(1)
|
1,469,527
|
|
|
1,235,000
|
11.00%, 05/20/2027(3)
|
1,272,478
|
|
|
|
HSBC Holdings PLC
|
|
|
|
12,885,000
|
4.76%, 06/09/2028, (4.76% fixed
rate until 06/09/2027; 6 mo. USD
SOFR + 2.11% thereafter)(8)
|
12,887,542
|
|
|
19,575,000
|
5.13%, 11/06/2036, (5.13% fixed
rate until 11/06/2035; 6 mo. USD
SOFR + 1.43% thereafter)(8)
|
18,823,293
|
|
|
3,985,000
|
5.21%, 05/12/2034, (5.21% fixed
rate until 05/12/2033; 6 mo. USD
SOFR + 1.32% thereafter)(8)
|
3,914,801
|
|
|
22,960,000
|
5.28%, 03/10/2037, (5.28% fixed
rate until 03/10/2036; 6 mo. USD
SOFR + 1.55% thereafter)(8)
|
22,217,146
|
|
|
8,205,000
|
5.60%, 05/17/2028, (5.60% fixed
rate until 05/17/2027; 6 mo. USD
SOFR + 1.06% thereafter)(8)
|
8,261,294
|
|
|
4,245,000
|
5.73%, 05/17/2032, (5.73% fixed
rate until 05/17/2031; 6 mo. USD
SOFR + 1.52% thereafter)(8)
|
4,327,746
|
|
|
10,205,000
|
7.05%, 06/05/2030, (7.05% fixed
rate until 06/05/2030; 5 yr. USD
CMT + 2.99% thereafter)(7)(8)
|
10,408,682
|
|
|
14,165,000
|
8.00%, 03/07/2028, (8.00% fixed
rate until 03/07/2028; 5 yr. USD
CMT + 3.86% thereafter)(7)(8)
|
14,627,077
|
|
|
|
Intesa Sanpaolo SpA
|
|
|
|
415,000
|
5.00%, 06/29/2030, (5.00% fixed
rate until 06/29/2029; 1 yr. USD
CMT + 0.80% thereafter)(1)(8)
|
413,147
|
|
|
6,500,000
|
5.20%, 06/29/2032, (5.20% fixed
rate until 06/29/2031; 1 yr. USD
CMT + 0.95% thereafter)(1)(8)
|
6,427,157
|
|
|
3,250,000
|
6.01%, 06/29/2037, (6.01% fixed
rate until 06/29/2036; 1 yr. USD
CMT + 1.50% thereafter)(1)(8)
|
3,189,369
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
|
JP Morgan Chase & Co.
|
|
|
|
$ 19,740,000
|
2.52%, 04/22/2031, (2.52% fixed
rate until 04/22/2030; 6 mo. USD
SOFR + 2.04% thereafter)(8)
|
$18,092,791
|
|
|
2,810,000
|
3.11%, 04/22/2041, (3.11% fixed
rate until 04/22/2040; 3 mo. USD
Term SOFR + 2.46%
thereafter)(8)
|
2,108,102
|
|
|
6,290,000
|
3.88%, 07/24/2038, (3.88% fixed
rate until 07/24/2037; 3 mo. USD
Term SOFR + 1.62%
thereafter)(8)
|
5,417,828
|
|
|
7,650,000
|
4.32%, 04/26/2028, (4.32% fixed
rate until 04/26/2027; 6 mo. USD
SOFR + 1.56% thereafter)(8)
|
7,634,199
|
|
|
8,550,000
|
4.60%, 10/22/2030, (4.60% fixed
rate until 10/22/2029; 6 mo. USD
SOFR + 1.04% thereafter)(8)
|
8,463,850
|
|
|
13,885,000
|
5.00%, 07/22/2030, (5.00% fixed
rate until 07/22/2029; 6 mo. USD
SOFR + 1.13% thereafter)(8)
|
13,909,641
|
|
|
630,000
|
5.04%, 07/23/2032, (5.04% fixed
rate until 07/23/2031; 6 mo. USD
SOFR + 1.02% thereafter)(8)
|
627,250
|
|
|
6,090,000
|
5.10%, 04/22/2031, (5.10% fixed
rate until 04/22/2030; 6 mo. USD
SOFR + 1.44% thereafter)(8)
|
6,106,970
|
|
|
7,500,000
|
5.15%, 04/23/2037, (5.15% fixed
rate until 04/23/2036; 6 mo. USD
SOFR + 1.26% thereafter)(8)
|
7,272,475
|
|
|
6,980,000
|
5.30%, 07/24/2029, (5.30% fixed
rate until 07/24/2028; 6 mo. USD
SOFR + 1.45% thereafter)(8)
|
7,051,988
|
|
|
35,420,000
|
5.53%, 11/29/2045, (5.53% fixed
rate until 11/29/2044; 6 mo. USD
SOFR + 1.55% thereafter)(8)
|
33,738,932
|
|
|
19,210,000
|
6.09%, 10/23/2029, (6.09% fixed
rate until 10/23/2028; 6 mo. USD
SOFR + 1.57% thereafter)(8)
|
19,725,920
|
|
|
415,000
|
Manufacturers & Traders Trust Co.
4.55%, 04/18/2030, (4.55% fixed
rate until 04/18/2029; 6 mo. USD
SOFR + 0.94% thereafter)(8)
|
410,472
|
|
|
8,265,000
|
Mitsubishi UFJ Financial Group, Inc.
4.85%, 04/21/2032, (4.85% fixed
rate until 04/21/2031; 1 yr. USD
CMT + 0.92% thereafter)(8)
|
8,143,639
|
|
|
6,945,000
|
Mizuho Bank Ltd. 5.19%,
04/16/2036(1)
|
6,787,480
|
|
|
|
Morgan Stanley
|
|
|
|
12,830,000
|
1.79%, 02/13/2032, (1.79% fixed
rate until 02/13/2031; 6 mo. USD
SOFR + 1.03% thereafter)(8)
|
11,061,294
|
|
|
5,000,000
|
2.24%, 07/21/2032, (2.24% fixed
rate until 07/21/2031; 6 mo. USD
SOFR + 1.18% thereafter)(8)
|
4,343,409
|
|
|
25,963,000
|
4.36%, 10/22/2031, (4.36% fixed
rate until 10/22/2030; 6 mo. USD
SOFR + 1.07% thereafter)(8)
|
25,151,970
|
|
|
11,285,000
|
4.49%, 01/16/2032, (4.49% fixed
rate until 01/16/2031; 6 mo. USD
SOFR + 0.95% thereafter)(8)
|
10,954,487
|
|
|
|
4
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
$ 9,485,000
|
4.89%, 10/22/2036, (4.89% fixed
rate until 10/22/2035; 6 mo. USD
SOFR + 1.31% thereafter)(8)
|
$8,991,987
|
|
|
835,000
|
5.17%, 07/14/2032, (5.17% fixed
rate until 07/14/2031; 6 mo. USD
SOFR + 1.16% thereafter)(8)
|
831,848
|
|
|
2,655,000
|
5.30%, 04/10/2037, (5.30% fixed
rate until 04/10/2036; 6 mo. USD
SOFR + 1.41% thereafter)(8)
|
2,576,598
|
|
|
7,805,000
|
5.95%, 01/19/2038, (5.95% fixed
rate until 01/19/2033; 5 yr. USD
CMT + 2.43% thereafter)(8)
|
7,915,204
|
|
|
7,105,000
|
6.41%, 11/01/2029, (6.41% fixed
rate until 11/01/2028; 6 mo. USD
SOFR + 1.83% thereafter)(8)
|
7,332,017
|
|
|
5,190,000
|
Morgan Stanley Bank NA 4.79%,
05/10/2030, (4.79% fixed rate until
05/10/2029; 6 mo. USD SOFR +
0.97% thereafter)(8)
|
5,168,808
|
|
|
22,985,000
|
Morgan Stanley Private Bank NA
4.47%, 11/19/2031, (4.47% fixed
rate until 11/19/2030; 6 mo. USD
SOFR + 1.02% thereafter)(8)
|
22,371,419
|
|
|
|
Nova Ljubljanska Banka DD
|
|
|
|
EUR
900,000
|
4.50%, 05/29/2030, (4.50% fixed
rate until 05/29/2029; 1 yr.
EURIBOR ICE Swap + 1.65%
thereafter)(3)(5)(8)
|
1,063,998
|
|
|
1,600,000
|
6.50%, 11/26/2030, (6.50% fixed
rate until 11/26/2030; 5 yr.
EURIBOR ICE Swap + 4.08%
thereafter)(3)(7)(8)
|
1,857,148
|
|
|
400,000
|
6.88%, 01/24/2034, (6.88% fixed
rate until 01/24/2029; 5 yr.
EURIBOR ICE Swap + 4.23%
thereafter)(3)(8)
|
489,737
|
|
|
685,000
|
OTP Bank Nyrt 3.63%, 02/03/2032,
(3.63% fixed rate until 02/03/2031;
3 mo. EURIBOR + 1.15%
thereafter)(3)(8)
|
777,895
|
|
|
2,000,000
|
OTP Banka DD 4.75%, 04/03/2028,
(4.75% fixed rate until 04/03/2027;
3 mo. EURIBOR + 1.90%
thereafter)(3)(8)
|
2,327,761
|
|
|
$ 1,170,000
|
Oversea-Chinese Banking Corp. Ltd.
4.55%, 09/08/2035, (4.55% fixed
rate until 09/08/2030; 5 yr. USD
CMT + 0.80% thereafter)(3)(8)
|
1,141,955
|
|
|
|
PNC Financial Services Group, Inc.
|
|
|
|
13,215,000
|
5.22%, 01/29/2031, (5.22% fixed
rate until 01/29/2030; 6 mo. USD
SOFR + 1.07% thereafter)(8)
|
13,311,628
|
|
|
7,500,000
|
5.37%, 07/21/2036, (5.37% fixed
rate until 07/21/2035; 6 mo. USD
SOFR + 1.42% thereafter)(8)
|
7,412,615
|
|
|
1,000,000
|
QNB Finance Ltd. 2.75%,
02/12/2027(3)
|
989,781
|
|
|
755,000
|
Royal Bank of Canada 4.40%,
04/17/2030, (4.40% fixed rate until
04/17/2029; 6 mo. USD SOFR +
0.84% thereafter)(8)
|
745,162
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Banks - 9.0% - (continued)
|
||
|
$ 380,000
|
Santander Holdings USA, Inc. 5.04%,
06/05/2030, (5.04% fixed rate until
06/05/2029; 6 mo. USD SOFR +
1.10% thereafter)(8)
|
$378,114
|
|
|
|
Societe Generale SA
|
|
|
|
7,300,000
|
5.37%, 05/27/2032, (5.37% fixed
rate until 05/27/2031; 6 mo. USD
SOFR + 1.28% thereafter)(1)(8)
|
7,260,785
|
|
|
4,820,000
|
5.44%, 10/03/2036, (5.44% fixed
rate until 10/03/2035; 6 mo. USD
SOFR + 1.73% thereafter)(1)(8)
|
4,641,487
|
|
|
7,845,000
|
5.51%, 05/22/2031, (5.51% fixed
rate until 05/22/2030; 6 mo. USD
SOFR + 1.65% thereafter)(1)(8)
|
7,892,698
|
|
|
|
Standard Chartered PLC
|
|
|
|
740,000
|
4.53%, 06/05/2032, (4.53% fixed
rate until 06/05/2031; 1 yr. USD
CMT + 0.95% thereafter)(1)(8)
|
717,926
|
|
|
1,380,000
|
6.30%, 01/09/2029, (6.30% fixed
rate until 01/09/2028; 1 yr. USD
CMT + 2.45% thereafter)(3)(8)
|
1,407,239
|
|
|
440,000
|
Sumitomo Mitsui Financial Group, Inc.
4.93%, 07/07/2032, (4.93% fixed
rate until 07/07/2031; 6 mo. USD
SOFR + 1.05% thereafter)(8)
|
434,699
|
|
|
|
Truist Financial Corp.
|
|
|
|
12,240,000
|
4.60%, 01/27/2032, (4.60% fixed
rate until 01/27/2031; 6 mo. USD
SOFR + 0.97% thereafter)(8)
|
11,949,524
|
|
|
22,630,000
|
4.96%, 07/23/2030, (4.96% fixed
rate until 07/23/2029; 6 mo. USD
SOFR + 0.88% thereafter)(8)
|
22,595,857
|
|
|
|
UBS Group AG
|
|
|
|
6,445,000
|
7.00%, 02/05/2035, (7.00% fixed
rate until 02/05/2035; 5 yr. USD
ICE Swap + 3.30%
thereafter)(1)(7)(8)
|
6,410,015
|
|
|
7,010,000
|
9.25%, 11/13/2033, (9.25% fixed
rate until 11/13/2033; 5 yr. USD
CMT + 4.76% thereafter)(1)(7)(8)
|
8,014,470
|
|
|
|
Wells Fargo & Co.
|
|
|
|
29,025,000
|
3.07%, 04/30/2041, (3.07% fixed
rate until 04/30/2040; 6 mo. USD
SOFR + 2.53% thereafter)(8)
|
21,422,916
|
|
|
13,345,000
|
3.53%, 03/24/2028, (3.53% fixed
rate until 03/24/2027; 6 mo. USD
SOFR + 1.51% thereafter)(8)
|
13,255,184
|
|
|
840,000
|
4.84%, 05/20/2032, (4.84% fixed
rate until 05/20/2031; 6 mo. USD
SOFR + 0.97% thereafter)(8)
|
828,563
|
|
|
3,000,000
|
5.01%, 04/04/2051, (5.01% fixed
rate until 04/04/2050; 3 mo. USD
Term SOFR + 4.50%
thereafter)(8)
|
2,571,906
|
|
|
12,385,000
|
5.15%, 04/23/2031, (5.15% fixed
rate until 04/23/2030; 6 mo. USD
SOFR + 1.50% thereafter)(8)
|
12,436,331
|
|
|
10,465,000
|
5.20%, 01/23/2030, (5.20% fixed
rate until 01/22/2029; 6 mo. USD
SOFR + 1.50% thereafter)(8)
|
10,546,202
|
|
|
4,880,000
|
6.30%, 10/23/2029, (6.30% fixed
rate until 10/23/2028; 6 mo. USD
SOFR + 1.79% thereafter)(8)
|
5,031,755
|
|
|
|
|
|
992,969,365
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Commercial Services - 0.8%
|
||
|
$ 1,085,000
|
Adani Ports & Special Economic Zone
Ltd. 4.20%, 08/04/2027(3)
|
$1,074,879
|
|
|
2,870,000
|
Allied Universal Holdco LLC 7.88%,
02/15/2031(1)
|
2,979,783
|
|
|
480,000
|
Allied Universal Holdco LLC/Allied
Universal Finance Corp. 6.88%,
06/15/2030(1)
|
490,467
|
|
|
GBP
1,525,000
|
Allied Universal Holdco LLC/Allied
Universal Finance Corp./Atlas
Luxco 4 SARL 4.88%,
06/01/2028(3)
|
2,033,487
|
|
|
|
Ashtead Capital, Inc.
|
|
|
|
$ 5,595,000
|
1.50%, 08/12/2026(1)
|
5,590,712
|
|
|
5,950,000
|
5.50%, 08/11/2032(1)
|
5,986,843
|
|
|
4,750,000
|
5.55%, 05/30/2033(1)
|
4,730,630
|
|
|
3,525,000
|
5.80%, 04/15/2034(1)
|
3,541,257
|
|
|
|
Avis Budget Car Rental LLC/Avis
Budget Finance, Inc.
|
|
|
|
750,000
|
5.38%, 03/01/2029(1)
|
730,164
|
|
|
525,000
|
8.00%, 02/15/2031(1)
|
524,202
|
|
|
3,000,000
|
8.38%, 06/15/2032(1)(5)
|
2,985,677
|
|
|
1,705,000
|
Belron U.K. Finance PLC 5.75%,
10/15/2029(1)
|
1,704,461
|
|
|
|
Block, Inc.
|
|
|
|
1,175,000
|
5.63%, 08/15/2030(1)
|
1,168,989
|
|
|
760,000
|
6.00%, 08/15/2033(1)
|
753,683
|
|
|
1,000,000
|
6.50%, 05/15/2032
|
1,010,304
|
|
|
2,415,000
|
Carrix, Inc. 6.13%, 08/01/2033(1)
|
2,403,846
|
|
|
7,350,000
|
Cornell University 4.84%,
06/15/2034(5)
|
7,228,031
|
|
|
410,000
|
DP World Ltd. 6.85%, 07/02/2037(3)
|
423,683
|
|
|
|
Element Fleet Management Corp.
|
|
|
|
505,000
|
4.64%, 11/24/2030(1)
|
494,677
|
|
|
125,000
|
4.80%, 05/29/2029(1)
|
124,233
|
|
|
16,170,000
|
ERAC USA Finance LLC 5.25%,
04/30/2036(1)
|
15,819,325
|
|
|
|
Garda World Security Corp.
|
|
|
|
1,835,000
|
8.25%, 08/01/2032(1)
|
1,860,837
|
|
|
1,475,000
|
8.38%, 11/15/2032(1)
|
1,498,588
|
|
|
20,000,000
|
S&P Global, Inc. 4.25%, 01/15/2031(1)
|
19,429,131
|
|
|
|
Service Corp. International
|
|
|
|
3,250,000
|
3.38%, 08/15/2030
|
2,999,857
|
|
|
140,000
|
5.75%, 10/15/2032
|
138,855
|
|
|
1,275,000
|
Shift4 Payments LLC/Shift4 Payments
Finance Sub, Inc. 6.75%,
08/15/2032(1)
|
1,276,805
|
|
|
1,360,000
|
Sunbelt Rentals Holdings, Inc. 4.95%,
08/12/2030(1)
|
1,349,013
|
|
|
|
United Rentals North America, Inc.
|
|
|
|
390,000
|
3.75%, 01/15/2032
|
356,105
|
|
|
1,530,000
|
3.88%, 02/15/2031
|
1,430,168
|
|
|
|
|
|
92,138,692
|
|
|
Construction Materials - 0.1%
|
||
|
|
Builders FirstSource, Inc.
|
|
|
|
10,000
|
4.25%, 02/01/2032(1)
|
9,100
|
|
|
4,470,000
|
5.00%, 03/01/2030(1)
|
4,331,964
|
|
|
1,085,000
|
Cemex SAB de CV 7.20%,
06/10/2030, (7.20% fixed rate until
06/10/2030; 5 yr. USD CMT +
3.52% thereafter)(1)(7)(8)
|
1,119,720
|
|
|
|
CP Atlas Buyer, Inc.
|
|
|
|
1,950,000
|
9.75%, 07/15/2030(1)(5)
|
1,756,167
|
|
|
1,637,095
|
12.75%, 01/15/2031(1)(4)
|
1,117,317
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Construction Materials - 0.1% - (continued)
|
||
|
|
Emerald Borrower LP/Emerald
Co.-Issuer, Inc.
|
|
|
|
$ 2,250,000
|
6.63%, 12/15/2030(1)
|
$2,286,893
|
|
|
1,000,000
|
6.75%, 07/15/2031(1)
|
1,025,634
|
|
|
975,000
|
Quikrete Holdings, Inc. 6.38%,
03/01/2032(1)
|
986,899
|
|
|
822,000
|
Standard Building Solutions, Inc.
6.50%, 08/15/2032(1)
|
823,573
|
|
|
1,555,000
|
Standard Industries, Inc. 4.38%,
07/15/2030(1)
|
1,468,053
|
|
|
|
|
|
14,925,320
|
|
|
Distribution/Wholesale - 0.1%
|
||
|
385,000
|
Telecommunications Co. Telekom
Srbija AD Belgrade 7.00%,
10/28/2029(1)
|
383,244
|
|
|
2,535,000
|
Velocity Vehicle Group LLC 8.00%,
06/01/2029(1)
|
2,512,330
|
|
|
3,350,000
|
Windsor Holdings III LLC 8.50%,
06/15/2030(1)
|
3,485,531
|
|
|
|
|
|
6,381,105
|
|
|
Diversified Financial Services - 2.3%
|
||
|
845,000
|
Aercap Funding DAC 4.88%,
07/07/2031
|
831,661
|
|
|
2,190,000
|
AGFC Capital Trust I 5.76%,
01/15/2067, 3 mo. USD Term
SOFR + 2.01%(1)(8)
|
1,374,794
|
|
|
845,000
|
Aircastle Ltd./Aircastle Ireland DAC
5.00%, 05/15/2031(1)
|
830,641
|
|
|
21,465,000
|
American Express Co. 4.44%,
05/03/2030, (4.44% fixed rate until
05/03/2029; 6 mo. USD SOFR +
0.81% thereafter)(8)
|
21,252,184
|
|
|
40,000
|
Avolon Holdings Funding Ltd. 4.20%,
04/15/2029(1)
|
39,107
|
|
|
|
Capital One Financial Corp.
|
|
|
|
8,490,000
|
4.72%, 01/30/2032, (4.72% fixed
rate until 01/30/2031; 6 mo. USD
SOFR + 1.15% thereafter)(8)
|
8,302,090
|
|
|
6,555,000
|
7.62%, 10/30/2031, (7.62% fixed
rate until 10/30/2030; 6 mo. USD
SOFR + 3.07% thereafter)(8)
|
7,128,387
|
|
|
|
Citadel Finance LLC
|
|
|
|
13,260,000
|
5.15%, 02/14/2031(1)
|
12,882,740
|
|
|
3,136,000
|
5.90%, 02/10/2030(1)
|
3,146,608
|
|
|
15,200,000
|
Citadel LP 6.00%, 01/23/2030(1)
|
15,531,632
|
|
|
19,605,000
|
Citadel Securities Global
Holdings LLC 5.13%, 01/27/2032(1)
|
19,182,407
|
|
|
|
Credit Acceptance Corp.
|
|
|
|
905,000
|
6.63%, 03/15/2030(1)
|
904,027
|
|
|
1,176,000
|
9.25%, 12/15/2028(1)
|
1,217,411
|
|
|
|
CrossCountry Intermediate
HoldCo LLC
|
|
|
|
1,455,000
|
6.50%, 10/01/2030(1)
|
1,407,082
|
|
|
2,250,000
|
6.75%, 12/01/2032(1)
|
2,147,018
|
|
|
3,855,000
|
First Eagle Holdings, Inc. 7.25%,
08/15/2032(1)
|
3,900,007
|
|
|
|
Freedom Mortgage Holdings LLC
|
|
|
|
1,000,000
|
6.88%, 05/01/2031(1)
|
963,987
|
|
|
890,000
|
7.88%, 04/01/2033(1)
|
858,337
|
|
|
1,540,000
|
8.38%, 04/01/2032(1)
|
1,546,775
|
|
|
250,000
|
9.13%, 05/15/2031(1)
|
256,284
|
|
|
1,740,000
|
9.25%, 02/01/2029(1)
|
1,788,219
|
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Diversified Financial Services - 2.3% - (continued)
|
||
|
|
goeasy Ltd.
|
|
|
|
$ 1,000,000
|
6.88%, 02/15/2031(1)
|
$894,388
|
|
|
500,000
|
7.63%, 07/01/2029(1)
|
474,738
|
|
|
500,000
|
9.25%, 12/01/2028(1)
|
494,101
|
|
|
1,300,000
|
GTLK Europe Capital DAC 4.80%,
02/26/2028(9)(10)
|
—
|
|
|
1,965,000
|
Hightower Holding LLC 9.13%,
01/31/2030(1)
|
2,036,282
|
|
|
515,000
|
IIFL Finance Ltd. 7.60%,
09/10/2029(1)
|
516,401
|
|
|
|
Intercontinental Exchange, Inc.
|
|
|
|
11,995,000
|
2.65%, 09/15/2040
|
8,395,693
|
|
|
6,000,000
|
5.20%, 06/15/2062
|
5,100,904
|
|
|
|
LSEG U.S. Fin Corp.
|
|
|
|
22,940,000
|
4.25%, 03/23/2029(1)
|
22,618,167
|
|
|
30,191,000
|
5.25%, 03/23/2036(1)
|
29,412,318
|
|
|
|
Muangthai Capital PCL
|
|
|
|
535,000
|
7.55%, 07/21/2030(1)
|
537,834
|
|
|
250,000
|
7.55%, 07/21/2030(3)
|
251,201
|
|
|
|
Muthoot Finance Ltd.
|
|
|
|
200,000
|
5.75%, 08/04/2030(3)
|
194,600
|
|
|
1,197,000
|
6.38%, 04/23/2029(1)
|
1,194,975
|
|
|
945,000
|
6.38%, 04/23/2029(3)
|
943,402
|
|
|
805,000
|
6.38%, 03/02/2030(1)
|
798,638
|
|
|
475,000
|
7.13%, 02/14/2028(1)
|
477,828
|
|
|
|
Nasdaq, Inc.
|
|
|
|
6,270,000
|
2.50%, 12/21/2040
|
4,262,775
|
|
|
5,000,000
|
5.55%, 02/15/2034
|
5,054,676
|
|
|
25,513,000
|
5.95%, 08/15/2053
|
24,598,302
|
|
|
1,375,000
|
Nationstar Mortgage Holdings LLC
7.13%, 02/01/2032(1)
|
1,347,500
|
|
|
|
OneMain Finance Corp.
|
|
|
|
834,000
|
5.38%, 11/15/2029
|
815,053
|
|
|
825,000
|
6.13%, 05/15/2030
|
820,045
|
|
|
|
PennyMac Financial Services, Inc.
|
|
|
|
880,000
|
4.25%, 02/15/2029(1)
|
833,964
|
|
|
335,000
|
5.75%, 09/15/2031(1)
|
310,522
|
|
|
389,000
|
6.75%, 02/15/2034(1)
|
360,807
|
|
|
41,000
|
6.88%, 05/15/2032(1)
|
39,192
|
|
|
575,000
|
6.88%, 02/15/2033(1)
|
545,587
|
|
|
1,250,000
|
7.13%, 11/15/2030(1)
|
1,246,100
|
|
|
740,000
|
7.88%, 12/15/2029(1)
|
759,782
|
|
|
1,386,000
|
Planet Financial Group LLC 10.50%,
12/15/2029(1)
|
1,352,342
|
|
|
|
Rocket Cos., Inc.
|
|
|
|
1,995,000
|
6.13%, 08/01/2030(1)
|
2,011,174
|
|
|
853,000
|
6.13%, 08/01/2031(1)
|
856,887
|
|
|
861,000
|
6.38%, 08/01/2033(1)
|
866,116
|
|
|
450,000
|
6.50%, 08/01/2029(1)
|
455,911
|
|
|
605,000
|
6.50%, 06/15/2034(1)
|
609,782
|
|
|
484,000
|
Shriram Finance Ltd. 6.63%,
04/22/2027(1)
|
488,566
|
|
|
|
Stonebriar ABF Issuer LLC
|
|
|
|
500,000
|
7.00%, 08/15/2031(1)
|
500,377
|
|
|
3,815,000
|
8.13%, 12/15/2030(1)
|
3,972,079
|
|
|
|
Synchrony Financial
|
|
|
|
8,058,000
|
2.88%, 10/28/2031
|
7,052,670
|
|
|
6,050,000
|
4.95%, 02/25/2032, (4.95% fixed
rate until 02/25/2031; 6 mo. USD
SOFR + 1.53% thereafter)(8)
|
5,859,856
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Diversified Financial Services - 2.3% - (continued)
|
||
|
$ 5,080,000
|
5.02%, 07/29/2029, (5.02% fixed
rate until 07/29/2028; 6 mo. USD
SOFR + 1.40% thereafter)(8)
|
$5,065,592
|
|
|
3,900,000
|
5.45%, 10/15/2030, (5.45% fixed
rate until 10/15/2029; 6 mo. USD
SOFR + 1.35% thereafter)(8)
|
3,905,175
|
|
|
|
|
|
253,823,700
|
|
|
Electric - 4.1%
|
||
|
605,000
|
Adani Electricity Mumbai Ltd. 3.95%,
02/12/2030(3)
|
566,636
|
|
|
520,000
|
ADM Elektrik Dagitim AS 9.50%,
02/05/2031(1)
|
496,556
|
|
|
2,845,000
|
AEP Texas, Inc. 5.20%, 04/15/2036
|
2,748,643
|
|
|
4,915,000
|
AEP Transmission Co. LLC 5.25%,
06/01/2036
|
4,834,396
|
|
|
250,000
|
AES Andes SA 6.25%, 03/14/2032(1)
|
257,099
|
|
|
1,238,575
|
AES Panama Generation Holdings
SRL 4.38%, 05/31/2030(3)
|
1,163,814
|
|
|
634,620
|
Alfa Desarrollo SpA 4.55%,
09/27/2051(3)
|
494,013
|
|
|
12,830,000
|
American Electric Power Co., Inc.
5.80%, 03/15/2056, (5.80% fixed
rate until 12/15/2030; 5 yr. USD
CMT + 2.13% thereafter)(8)
|
12,600,848
|
|
|
6,218,000
|
Arizona Public Service Co. 5.90%,
08/15/2055
|
5,930,002
|
|
|
20,000
|
Berkshire Hathaway Energy Co.
3.70%, 07/15/2030
|
19,189
|
|
|
934,833
|
Buffalo Energy Mexico
Holdings/Buffalo Energy
Infrastructure/Buffalo Energy
7.88%, 02/15/2039(1)
|
972,156
|
|
|
EUR
3,140,000
|
Bulgarian Energy Holding EAD
2.45%, 07/22/2028(3)
|
3,488,667
|
|
|
$ 2,950,000
|
CHPE LLC 4.88%, 06/30/2031(1)
|
2,907,070
|
|
|
|
Clearway Energy Operating LLC
|
|
|
|
2,965,000
|
3.75%, 02/15/2031(1)
|
2,719,789
|
|
|
315,000
|
3.75%, 01/15/2032(1)
|
282,764
|
|
|
600,000
|
4.75%, 03/15/2028(1)
|
592,147
|
|
|
430,000
|
5.75%, 01/15/2034(1)
|
414,628
|
|
|
5,515,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
5,181,824
|
|
|
|
Consolidated Edison Co. of New
York, Inc.
|
|
|
|
3,700,000
|
4.45%, 03/15/2044
|
3,056,376
|
|
|
3,325,000
|
4.65%, 12/01/2048
|
2,711,422
|
|
|
10,000,000
|
5.50%, 12/01/2039
|
9,784,535
|
|
|
2,363,000
|
5.70%, 05/15/2054
|
2,210,410
|
|
|
670,000
|
Constellation Energy Generation LLC
4.80%, 01/15/2032
|
656,898
|
|
|
615,000
|
Dayton Power & Light Co. 4.55%,
08/15/2030
|
602,567
|
|
|
|
Dominion Energy, Inc.
|
|
|
|
8,135,000
|
3.30%, 04/15/2041
|
6,002,776
|
|
|
8,138,000
|
5.38%, 11/15/2032
|
8,193,138
|
|
|
3,390,000
|
7.00%, 06/15/2038
|
3,720,699
|
|
|
|
Duke Energy Carolinas LLC
|
|
|
|
3,305,000
|
3.88%, 03/15/2046
|
2,469,622
|
|
|
285,000
|
4.65%, 06/15/2031
|
281,801
|
|
|
9,740,000
|
5.15%, 06/15/2036
|
9,515,030
|
|
|
3,000,000
|
5.30%, 02/15/2040
|
2,896,153
|
|
|
|
Duke Energy Corp.
|
|
|
|
7,240,000
|
3.30%, 06/15/2041
|
5,332,004
|
|
|
9,292,000
|
3.50%, 06/15/2051
|
6,004,120
|
|
|
|
7
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Electric - 4.1% - (continued)
|
||
|
$ 6,908,000
|
5.00%, 08/15/2052
|
$5,704,651
|
|
|
5,025,000
|
Duke Energy Florida LLC 4.85%,
12/01/2035
|
4,816,701
|
|
|
7,270,000
|
Duke Energy Ohio, Inc. 5.30%,
06/15/2035
|
7,189,567
|
|
|
|
Duke Energy Progress LLC
|
|
|
|
2,730,000
|
4.38%, 03/30/2044
|
2,236,748
|
|
|
14,260,000
|
5.05%, 03/15/2035
|
13,936,835
|
|
|
|
Duquesne Light Holdings, Inc.
|
|
|
|
4,005,000
|
2.53%, 10/01/2030(1)
|
3,578,795
|
|
|
7,265,000
|
2.78%, 01/07/2032(1)
|
6,362,003
|
|
|
EUR
1,055,000
|
Eastern European Electric Co. BV
6.50%, 05/15/2030(1)
|
1,256,826
|
|
|
|
Edison International
|
|
|
|
$ 850,000
|
4.80%, 03/15/2031
|
821,931
|
|
|
630,000
|
5.00%, 05/05/2028
|
630,190
|
|
|
2,250,000
|
7.88%, 06/15/2054, (7.88% fixed
rate until 03/15/2029; 5 yr. USD
CMT + 3.66% thereafter)(8)
|
2,321,910
|
|
|
500,000
|
8.13%, 06/15/2053, (8.13% fixed
rate until 03/15/2028; 5 yr. USD
CMT + 3.86% thereafter)(8)
|
511,546
|
|
|
|
Energo-Pro AS
|
|
|
|
EUR
1,340,000
|
6.45%, 04/15/2031(3)
|
1,544,028
|
|
|
110,000
|
8.00%, 05/27/2030(1)
|
133,069
|
|
|
$ 990,000
|
Energuate Trust 2 0 6.35%,
09/15/2035(1)
|
974,943
|
|
|
|
Eversource Energy
|
|
|
|
6,720,000
|
4.45%, 12/15/2030
|
6,552,289
|
|
|
5,971,000
|
5.50%, 01/01/2034
|
5,976,177
|
|
|
2,790,000
|
FirstEnergy Transmission LLC 5.45%,
07/15/2044(1)
|
2,553,970
|
|
|
|
GDZ Elektrik Dagitim AS
|
|
|
|
1,817,000
|
9.00%, 10/15/2029(1)
|
1,741,274
|
|
|
470,000
|
9.00%, 10/15/2029(3)
|
450,220
|
|
|
4,040,000
|
Georgia Power Co. 4.30%,
03/15/2043
|
3,330,650
|
|
|
2,250,000
|
Hawaiian Electric Co., Inc. 6.00%,
10/01/2033(1)
|
2,207,253
|
|
|
10,075,000
|
Hydro One, Inc. 4.75%, 05/30/2031
|
9,959,952
|
|
|
|
Kallpa Generacion SA
|
|
|
|
1,885,000
|
5.88%, 01/30/2032(1)
|
1,913,746
|
|
|
430,000
|
5.88%, 01/30/2032(3)
|
436,557
|
|
|
200,000
|
Monongahela Power Co. 4.45%,
08/15/2029(1)
|
198,061
|
|
|
14,500,000
|
NextEra Energy Capital Holdings, Inc.
6.63%, 10/01/2066, (6.63% fixed
rate until 07/04/2046; 5 yr. USD
CMT + 1.69% thereafter)(8)
|
14,122,662
|
|
|
4,445,000
|
NRG Energy, Inc. 4.96%,
04/30/2031(1)
|
4,345,759
|
|
|
200,000
|
NSTAR Electric Co. 4.65%,
05/15/2031
|
197,573
|
|
|
9,970,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
10,062,045
|
|
|
7,137,000
|
OmGrid Funding Ltd. 5.20%,
05/16/2027(3)
|
7,124,427
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
6,060,000
|
2.50%, 02/01/2031
|
5,406,354
|
|
|
6,860,000
|
3.95%, 12/01/2047
|
4,831,276
|
|
|
7,270,000
|
4.50%, 07/01/2040
|
6,107,557
|
|
|
7,656,000
|
4.75%, 02/15/2044
|
6,264,216
|
|
|
25,815,000
|
4.95%, 07/01/2050
|
20,826,733
|
|
|
1,255,000
|
5.05%, 11/15/2031
|
1,241,842
|
|
|
5,990,000
|
5.05%, 10/15/2032
|
5,893,383
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Electric - 4.1% - (continued)
|
||
|
$ 1,165,000
|
5.20%, 05/01/2036
|
$1,108,529
|
|
|
5,508,000
|
5.25%, 03/01/2052
|
4,578,294
|
|
|
2,320,000
|
5.80%, 05/15/2034
|
2,337,740
|
|
|
1,495,000
|
6.30%, 08/15/2056
|
1,433,009
|
|
|
7,100,000
|
6.40%, 06/15/2033
|
7,425,509
|
|
|
|
PacifiCorp
|
|
|
|
606,000
|
4.13%, 01/15/2049
|
439,027
|
|
|
205,000
|
4.25%, 03/15/2029
|
201,695
|
|
|
3,122,000
|
5.35%, 12/01/2053
|
2,667,056
|
|
|
4,845,000
|
7.13%, 08/15/2056, (7.13% fixed
rate until 05/17/2031; 5 yr. USD
CMT + 3.29% thereafter)(8)
|
4,770,103
|
|
|
10,530,000
|
PG&E Corp. 6.85%, 09/15/2056,
(6.85% fixed rate until 06/15/2031;
5 yr. USD CMT + 3.23%
thereafter)(8)
|
10,420,138
|
|
|
|
Pinnacle West Capital Corp.
|
|
|
|
410,000
|
4.65%, 06/01/2029
|
408,188
|
|
|
7,388,000
|
5.15%, 05/15/2030
|
7,417,798
|
|
|
11,370,000
|
Public Service Co. of Oklahoma
5.20%, 01/15/2035
|
11,083,276
|
|
|
7,468,000
|
Puget Energy, Inc. 4.22%, 03/15/2032
|
7,087,413
|
|
|
1,210,000
|
ReNew Wind Energy AP2/ReNew
Power Pvt Ltd. other 9 Subsidiaries
4.50%, 07/14/2028(3)
|
1,173,547
|
|
|
|
Southern California Edison Co.
|
|
|
|
4,500,000
|
3.60%, 02/01/2045
|
3,097,979
|
|
|
4,845,000
|
3.90%, 03/15/2043
|
3,615,826
|
|
|
8,014,000
|
4.00%, 04/01/2047
|
5,722,185
|
|
|
3,000,000
|
4.50%, 09/01/2040
|
2,503,760
|
|
|
3,650,000
|
4.80%, 03/15/2033
|
3,527,630
|
|
|
5,070,000
|
4.95%, 09/15/2031
|
5,010,242
|
|
|
1,990,000
|
5.45%, 06/01/2052
|
1,714,170
|
|
|
9,603,000
|
5.88%, 12/01/2053
|
8,758,337
|
|
|
6,009,000
|
5.90%, 03/01/2055
|
5,499,031
|
|
|
2,080,000
|
6.20%, 09/15/2055
|
1,977,724
|
|
|
10,785,000
|
Southern Co. 4.85%, 03/15/2035
|
10,312,396
|
|
|
7,400,000
|
Southwestern Electric Power Co.
5.20%, 04/01/2036
|
7,150,179
|
|
|
|
Termocandelaria Power SA
|
|
|
|
1,005,000
|
7.75%, 09/17/2031(1)
|
1,027,019
|
|
|
265,000
|
7.75%, 09/17/2031(3)
|
270,806
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
16,349,000
|
2.95%, 11/15/2051
|
9,647,114
|
|
|
21,855,000
|
4.95%, 03/15/2036
|
20,791,156
|
|
|
1,250,000
|
5.60%, 09/15/2055
|
1,147,800
|
|
|
6,100,000
|
6.00%, 05/15/2037
|
6,266,610
|
|
|
1,512,000
|
VoltaGrid LLC 7.38%, 11/01/2030(1)
|
1,519,515
|
|
|
8,050,000
|
Xcel Energy, Inc. 5.60%, 04/15/2035
|
8,051,200
|
|
|
|
|
|
453,033,512
|
|
|
Electronics - 0.0%
|
||
|
840,000
|
Fortive Corp. 4.75%, 05/15/2031
|
825,322
|
|
|
225,000
|
Honeywell International, Inc. 1.75%,
09/01/2031
|
193,414
|
|
|
335,000
|
Hubbell, Inc. 4.65%, 06/15/2031
|
330,296
|
|
|
3,015,000
|
Ingram Micro, Inc. 4.75%,
05/15/2029(1)
|
2,933,778
|
|
|
|
|
|
4,282,810
|
|
|
Energy-Alternate Sources - 0.0%
|
||
|
|
FS Luxembourg SARL
|
|
|
|
820,000
|
8.13%, 02/11/2036(1)(5)
|
747,143
|
|
|
200,000
|
8.63%, 06/25/2033(3)
|
190,400
|
|
|
|
|
|
937,543
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Engineering & Construction - 0.0%
|
||
|
$ 540,000
|
Aeropuerto Internacional de Tocumen
SA 5.13%, 08/11/2061(1)
|
$444,172
|
|
|
895,000
|
Delhi International Airport Ltd. 6.13%,
10/31/2026(3)
|
895,388
|
|
|
920,000
|
GMR Hyderabad International Airport
Ltd. 4.25%, 10/27/2027(3)
|
905,086
|
|
|
|
IHS Holding Ltd.
|
|
|
|
1,805,000
|
6.25%, 11/29/2028(3)
|
1,793,297
|
|
|
403,000
|
6.25%, 11/29/2028(1)
|
400,553
|
|
|
600,000
|
Mexico City Airport Trust 5.50%,
07/31/2047(1)
|
504,528
|
|
|
|
|
|
4,943,024
|
|
|
Entertainment - 0.2%
|
||
|
|
Caesars Entertainment, Inc.
|
|
|
|
1,100,000
|
4.63%, 10/15/2029(1)
|
1,045,260
|
|
|
1,135,000
|
6.00%, 10/15/2032(1)(5)
|
995,469
|
|
|
338,000
|
6.50%, 02/15/2032(1)
|
322,982
|
|
|
2,742,000
|
Great Canadian Gaming
Corp./Raptor LLC 8.75%,
11/15/2029(1)
|
2,768,263
|
|
|
2,750,000
|
Jacobs Entertainment, Inc. 6.75%,
02/15/2029(1)
|
2,698,437
|
|
|
1,015,000
|
Motion Finco SARL 8.38%,
02/15/2032(1)
|
795,611
|
|
|
|
Penn Entertainment, Inc.
|
|
|
|
2,250,000
|
4.13%, 07/01/2029(1)
|
2,144,583
|
|
|
1,000,000
|
6.75%, 04/01/2031(1)
|
1,003,614
|
|
|
1,750,000
|
Six Flags Entertainment
Corp./Canada's Wonderland
Co./Magnum Management Corp.
5.25%, 07/15/2029
|
1,675,894
|
|
|
1,500,000
|
Six Flags Entertainment
Corp./Canada's Wonderland
Co./Millennium Operations LLC
8.63%, 01/15/2032(1)(5)
|
1,517,120
|
|
|
2,753,000
|
Speedway
Motorsports LLC/Speedway
Funding II, Inc. 4.88%,
11/01/2027(1)
|
2,736,988
|
|
|
3,200,000
|
Wynn Resorts Finance LLC/Wynn
Resorts Capital Corp. 7.13%,
02/15/2031(1)
|
3,353,126
|
|
|
|
|
|
21,057,347
|
|
|
Environmental Control - 0.2%
|
||
|
1,855,000
|
Clean Harbors, Inc. 5.75%,
10/15/2033(1)
|
1,844,207
|
|
|
4,250,000
|
Republic Services, Inc. 5.15%,
03/15/2035
|
4,234,141
|
|
|
6,420,000
|
Veralto Corp. 4.85%, 01/15/2032
|
6,344,404
|
|
|
14,575,000
|
Waste Management, Inc. 4.95%,
03/15/2035
|
14,279,216
|
|
|
|
|
|
26,701,968
|
|
|
Food - 1.5%
|
||
|
1,190,000
|
B&G Foods, Inc. 8.00%,
09/15/2028(1)(5)
|
1,163,371
|
|
|
|
Bellis Acquisition Co. PLC
|
|
|
|
EUR
2,575,000
|
8.00%, 07/01/2031(1)(5)
|
2,875,712
|
|
|
GBP
100,000
|
8.13%, 05/14/2030(3)
|
126,286
|
|
|
|
Bimbo Bakeries USA, Inc.
|
|
|
|
$ 560,000
|
6.05%, 01/15/2029(3)
|
572,332
|
|
|
200,000
|
6.05%, 01/15/2029(1)
|
204,404
|
|
|
12,225,000
|
Campbell's Co. 5.40%, 03/21/2034
|
11,816,386
|
|
|
1,085,000
|
Cencosud SA 5.75%, 04/15/2036(1)
|
1,070,494
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Food - 1.5% - (continued)
|
||
|
|
Conagra Brands, Inc.
|
|
|
|
$ 12,685,000
|
5.30%, 11/01/2038
|
$11,712,053
|
|
|
3,035,000
|
5.40%, 08/01/2031
|
3,032,413
|
|
|
2,750,000
|
Froneri Lux FinCo SARL 6.00%,
08/01/2032(1)
|
2,687,906
|
|
|
4,341,000
|
Industrial F&B Investments III, Inc.
7.75%, 02/11/2033(1)
|
4,407,439
|
|
|
|
JBS NV/JBS USA Foods Group
Holdings, Inc./JBS USA Food Co.
Holdings
|
|
|
|
11,980,000
|
5.50%, 01/15/2036
|
11,687,616
|
|
|
9,790,000
|
5.63%, 03/10/2037(1)
|
9,551,809
|
|
|
18,550,000
|
5.95%, 04/20/2035
|
18,741,399
|
|
|
12,585,000
|
6.25%, 03/01/2056
|
11,777,316
|
|
|
|
Kraft Heinz Foods Co.
|
|
|
|
1,785,000
|
4.88%, 10/01/2049
|
1,443,677
|
|
|
9,365,000
|
5.20%, 03/15/2032
|
9,378,203
|
|
|
4,430,000
|
5.20%, 07/15/2045
|
3,810,108
|
|
|
|
Mars, Inc.
|
|
|
|
410,000
|
4.80%, 03/01/2030(1)
|
408,604
|
|
|
18,295,000
|
5.20%, 03/01/2035(1)
|
18,042,994
|
|
|
20,215,000
|
5.65%, 05/01/2045(1)
|
19,313,307
|
|
|
|
Performance Food Group, Inc.
|
|
|
|
750,000
|
4.25%, 08/01/2029(1)
|
725,086
|
|
|
750,000
|
5.63%, 03/01/2034(1)
|
727,498
|
|
|
1,280,000
|
6.13%, 09/15/2032(1)
|
1,283,616
|
|
|
425,000
|
Sysco Corp. 4.40%, 07/25/2031
|
410,499
|
|
|
|
Tyson Foods, Inc.
|
|
|
|
8,745,000
|
4.95%, 02/20/2036
|
8,339,764
|
|
|
8,480,000
|
5.70%, 03/15/2034
|
8,611,541
|
|
|
|
|
|
163,921,833
|
|
|
Forest Products & Paper - 0.0%
|
||
|
410,000
|
Georgia-Pacific LLC 4.40%,
05/15/2029(1)
|
406,123
|
|
|
|
Gas - 0.4%
|
||
|
|
Brooklyn Union Gas Co.
|
|
|
|
11,000,000
|
3.87%, 03/04/2029(1)
|
10,718,137
|
|
|
6,755,000
|
4.87%, 08/05/2032(1)
|
6,561,114
|
|
|
|
NiSource, Inc.
|
|
|
|
13,000,000
|
1.70%, 02/15/2031
|
11,257,530
|
|
|
3,090,000
|
4.75%, 05/18/2031
|
3,054,335
|
|
|
4,020,000
|
5.30%, 05/18/2036
|
3,933,382
|
|
|
11,410,000
|
5.85%, 04/01/2055
|
10,711,382
|
|
|
|
|
|
46,235,880
|
|
|
Healthcare - Products - 0.8%
|
||
|
20,665,000
|
Alcon Finance Corp. 2.60%,
05/27/2030(1)
|
19,005,759
|
|
|
|
Avantor Funding, Inc.
|
|
|
|
1,500,000
|
3.88%, 11/01/2029(1)
|
1,430,965
|
|
|
2,365,000
|
4.63%, 07/15/2028(1)
|
2,332,514
|
|
|
|
Baxter International, Inc.
|
|
|
|
2,285,000
|
2.54%, 02/01/2032
|
1,954,812
|
|
|
5,485,000
|
3.13%, 12/01/2051
|
3,145,826
|
|
|
9,465,000
|
4.90%, 12/15/2030
|
9,287,407
|
|
|
17,000,000
|
GE HealthCare Technologies, Inc.
5.86%, 03/15/2030
|
17,472,110
|
|
|
590,000
|
Medline Borrower LP/Medline
Co-Issuer, Inc. 5.00%,
06/15/2031(1)
|
581,801
|
|
|
|
Solventum Corp.
|
|
|
|
6,230,000
|
5.40%, 03/01/2029
|
6,307,725
|
|
|
8,900,000
|
5.60%, 03/23/2034
|
8,954,296
|
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Healthcare - Products - 0.8% - (continued)
|
||
|
|
Thermo Fisher Scientific, Inc.
|
|
|
|
$ 30,000
|
4.22%, 02/12/2031
|
$29,195
|
|
|
10,130,000
|
4.47%, 10/07/2032
|
9,836,811
|
|
|
7,580,000
|
4.55%, 06/15/2033
|
7,337,203
|
|
|
|
|
|
87,676,424
|
|
|
Healthcare - Services - 0.9%
|
||
|
|
Acadia Healthcare Co., Inc.
|
|
|
|
1,500,000
|
5.00%, 04/15/2029(1)
|
1,468,409
|
|
|
1,250,000
|
7.38%, 03/15/2033(1)(5)
|
1,289,059
|
|
|
11,280,000
|
Centene Corp. 2.45%, 07/15/2028
|
10,706,676
|
|
|
|
CHS/Community Health Systems, Inc.
|
|
|
|
1,105,000
|
4.75%, 02/15/2031(1)
|
985,654
|
|
|
425,000
|
5.25%, 05/15/2030(1)
|
392,450
|
|
|
1,050,000
|
6.88%, 04/15/2029(1)
|
1,012,652
|
|
|
1,030,000
|
9.75%, 01/15/2034(1)
|
1,043,454
|
|
|
1,687,000
|
10.88%, 01/15/2032(1)
|
1,779,441
|
|
|
|
HCA, Inc.
|
|
|
|
4,690,000
|
4.60%, 11/15/2032
|
4,509,605
|
|
|
420,000
|
4.70%, 05/15/2031
|
412,027
|
|
|
13,855,000
|
Humana, Inc. 5.55%, 05/01/2035
|
13,620,902
|
|
|
12,915,000
|
Laboratory Corp. of America Holdings
4.55%, 04/01/2032
|
12,574,955
|
|
|
14,305,000
|
Quest Diagnostics, Inc. 4.63%,
12/15/2029
|
14,219,970
|
|
|
2,005,000
|
Star Parent, Inc. 9.00%, 10/01/2030(1)
|
2,105,481
|
|
|
|
Tenet Healthcare Corp.
|
|
|
|
2,500,000
|
5.50%, 11/15/2032(1)
|
2,461,470
|
|
|
1,509,000
|
6.00%, 11/15/2033(1)(5)
|
1,513,827
|
|
|
1,430,000
|
6.13%, 06/15/2030
|
1,437,240
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
5,000,000
|
4.25%, 06/15/2048
|
3,884,563
|
|
|
5,615,000
|
5.38%, 04/15/2054
|
5,029,319
|
|
|
13,965,000
|
5.50%, 07/15/2044
|
13,177,334
|
|
|
4,575,000
|
5.95%, 02/15/2041
|
4,635,241
|
|
|
|
|
|
98,259,729
|
|
|
Home Builders - 0.1%
|
||
|
|
Ashton Woods USA LLC/Ashton
Woods Finance Co.
|
|
|
|
840,000
|
4.63%, 08/01/2029(1)
|
806,586
|
|
|
691,000
|
4.63%, 04/01/2030(1)
|
656,074
|
|
|
|
Century Communities, Inc.
|
|
|
|
1,950,000
|
3.88%, 08/15/2029(1)
|
1,849,220
|
|
|
740,000
|
6.63%, 09/15/2033(1)
|
742,429
|
|
|
864,000
|
KB Home 4.80%, 11/15/2029
|
837,604
|
|
|
2,040,000
|
M/I Homes, Inc. 3.95%, 02/15/2030
|
1,922,103
|
|
|
2,700,000
|
STL Holding Co. LLC 8.75%,
02/15/2029(1)
|
2,800,775
|
|
|
|
|
|
9,614,791
|
|
|
Household Products - 0.0%
|
||
|
4,585,000
|
Kenvue, Inc. 5.05%, 03/22/2053
|
3,973,281
|
|
|
|
Housewares - 0.0%
|
||
|
|
Newell Brands, Inc.
|
|
|
|
500,000
|
6.38%, 05/15/2030(5)
|
505,490
|
|
|
1,603,000
|
6.63%, 05/15/2032(5)
|
1,621,792
|
|
|
500,000
|
8.50%, 06/01/2028(1)
|
521,868
|
|
|
|
|
|
2,649,150
|
|
|
Insurance - 1.0%
|
||
|
|
Acrisure LLC/Acrisure Finance, Inc.
|
|
|
|
807,000
|
6.75%, 07/01/2032(1)
|
741,469
|
|
|
3,325,000
|
7.50%, 11/06/2030(1)
|
3,215,801
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Insurance - 1.0% - (continued)
|
||
|
$ 2,123,000
|
Alliant Holdings
Intermediate LLC/Alliant Holdings
Co-Issuer 7.38%, 10/01/2032(1)
|
$2,134,910
|
|
|
335,000
|
American National Global Funding
5.00%, 06/22/2029(1)
|
332,674
|
|
|
|
American National Group, Inc.
|
|
|
|
820,000
|
6.14%, 06/13/2032(1)
|
836,740
|
|
|
12,629,000
|
7.00%, 12/01/2055, (7.00% fixed
rate until 12/01/2030; 5 yr. USD
CMT + 3.18% thereafter)(8)
|
12,149,532
|
|
|
|
Asurion LLC/Asurion Co-Issuer, Inc.
|
|
|
|
3,052,000
|
8.00%, 12/31/2032(1)
|
3,087,483
|
|
|
1,945,000
|
8.38%, 02/01/2034(1)
|
1,772,104
|
|
|
|
Athene Global Funding
|
|
|
|
1,150,000
|
2.65%, 10/04/2031(1)
|
998,512
|
|
|
415,000
|
5.13%, 06/01/2029(1)
|
414,472
|
|
|
10,830,000
|
CNO Global Funding 4.70%,
12/11/2030(1)
|
10,564,595
|
|
|
7,660,000
|
Equitable Financial Life Global
Funding 5.00%, 03/27/2030(1)
|
7,625,500
|
|
|
8,243,000
|
Fortitude Global Funding 5.50%,
06/12/2031(1)
|
8,205,819
|
|
|
860,000
|
GA Global Funding Trust 2.90%,
01/06/2032(1)
|
749,133
|
|
|
15,090,000
|
Guardian Life Global Funding 4.67%,
09/05/2032(1)
|
14,731,181
|
|
|
|
HUB International Ltd.
|
|
|
|
900,000
|
7.25%, 06/15/2030(1)
|
926,702
|
|
|
2,015,000
|
7.38%, 01/31/2032(1)
|
2,060,841
|
|
|
12,865,000
|
Northwestern Mutual Global Funding
5.16%, 05/28/2031(1)
|
12,988,451
|
|
|
19,305,000
|
Protective Life Global Funding 4.83%,
04/14/2031(1)
|
19,078,997
|
|
|
6,480,000
|
RGA Global Funding 5.00%,
08/25/2032(1)
|
6,340,083
|
|
|
220,000
|
Sammons Financial Group, Inc.
5.95%, 06/15/2036(1)
|
215,930
|
|
|
885,000
|
Tongyang Life Insurance Co. Ltd.
6.25%, 05/07/2035, (6.25% fixed
rate until 05/07/2030; 5 yr. USD
CMT + 2.40% thereafter)(3)(8)
|
905,010
|
|
|
675,000
|
Well Link Life Insurance Co. Ltd.
7.88%, 06/23/2036, (7.88% fixed
rate until 06/23/2031; 5 yr. USD
CMT + 3.83% thereafter)(3)(8)
|
636,264
|
|
|
|
|
|
110,712,203
|
|
|
Internet - 1.1%
|
||
|
|
Amazon.com, Inc.
|
|
|
|
840,000
|
5.10%, 07/09/2033
|
832,195
|
|
|
47,580,000
|
5.30%, 07/09/2036
|
46,749,476
|
|
|
6,870,000
|
5.65%, 03/13/2046
|
6,425,709
|
|
|
6,409,000
|
5.95%, 03/13/2066
|
5,893,588
|
|
|
180,000
|
6.05%, 03/13/2076
|
166,402
|
|
|
5,510,000
|
6.25%, 07/09/2066
|
5,281,561
|
|
|
865,000
|
Beignet Investor LLC 6.58%,
05/30/2049(1)
|
838,586
|
|
|
|
Meta Platforms, Inc.
|
|
|
|
5,000,000
|
4.45%, 08/15/2052
|
3,561,577
|
|
|
1,160,000
|
5.50%, 11/15/2045
|
1,003,432
|
|
|
9,645,000
|
5.60%, 05/15/2053
|
8,067,241
|
|
|
7,490,000
|
6.20%, 05/15/2046
|
7,027,710
|
|
|
17,512,000
|
6.45%, 05/15/2066
|
16,041,991
|
|
|
|
10
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Internet - 1.1% - (continued)
|
||
|
|
Rakuten Group, Inc.
|
|
|
|
$ 215,000
|
6.25%, 04/22/2031, (6.25% fixed
rate until 04/22/2031; 5 yr. USD
CMT + 4.96% thereafter)(3)(7)(8)
|
$203,567
|
|
|
1,600,000
|
8.13%, 12/15/2029, (8.13% fixed
rate until 12/15/2029; 5 yr. USD
CMT + 4.25% thereafter)(1)(7)(8)
|
1,635,292
|
|
|
2,325,000
|
9.75%, 04/15/2029(1)
|
2,524,416
|
|
|
9,195,000
|
Sopaipilla Investor LLC 7.53%,
11/30/2048(1)
|
9,530,468
|
|
|
|
Wayfair LLC
|
|
|
|
551,000
|
6.75%, 11/15/2032(1)
|
560,924
|
|
|
1,706,000
|
7.13%, 05/31/2034(1)
|
1,752,558
|
|
|
500,000
|
7.25%, 10/31/2029(1)
|
514,893
|
|
|
543,000
|
7.75%, 09/15/2030(1)
|
569,008
|
|
|
|
|
|
119,180,594
|
|
|
Investment Company Security - 0.8%
|
||
|
12,665,000
|
Blackstone Private Credit Fund
5.95%, 05/15/2031(5)
|
12,401,471
|
|
|
|
Gaci First Investment Co.
|
|
|
|
1,300,000
|
5.25%, 05/14/2033(3)
|
1,277,613
|
|
|
1,335,000
|
6.25%, 05/14/2056(3)
|
1,258,626
|
|
|
|
HA Sustainable Infrastructure Capital,
Inc.
|
|
|
|
16,540,000
|
5.95%, 07/15/2033(1)
|
16,347,783
|
|
|
14,641,000
|
6.00%, 03/15/2036
|
14,147,536
|
|
|
820,000
|
6.15%, 01/15/2031
|
833,287
|
|
|
3,390,000
|
6.75%, 07/15/2035
|
3,463,649
|
|
|
10,910,000
|
7.13%, 11/15/2056, (7.13% fixed
rate until 08/17/2031; 5 yr. USD
CMT + 3.48% thereafter)(8)
|
10,993,440
|
|
|
15,321,000
|
HPS Corporate Lending Fund 5.95%,
04/14/2032
|
14,807,181
|
|
|
|
Ittihad International II Ltd.
|
|
|
|
220,000
|
7.38%, 11/13/2030(1)
|
220,028
|
|
|
200,000
|
7.38%, 11/13/2030(3)
|
199,996
|
|
|
2,415,000
|
MDGH GMTN RSC Ltd. 3.38%,
03/28/2032(3)
|
2,181,422
|
|
|
4,850,000
|
Sixth Street Specialty Lending, Inc.
5.65%, 08/15/2031
|
4,735,779
|
|
|
895,000
|
SMIC SG Holdings Pte. Ltd. 5.38%,
07/24/2029(3)
|
899,603
|
|
|
|
|
|
83,767,414
|
|
|
Iron/Steel - 0.1%
|
||
|
1,545,000
|
Carpenter Technology Corp. 5.63%,
03/01/2034(1)
|
1,523,172
|
|
|
|
Commercial Metals Co.
|
|
|
|
250,000
|
4.13%, 01/15/2030
|
238,807
|
|
|
1,025,000
|
5.75%, 11/15/2033(1)
|
1,006,727
|
|
|
1,420,000
|
6.00%, 12/15/2035(1)
|
1,395,435
|
|
|
|
Fortescue Treasury Pty. Ltd.
|
|
|
|
174,000
|
4.38%, 04/01/2031(1)
|
163,989
|
|
|
1,050,000
|
4.50%, 09/15/2027(1)
|
1,041,039
|
|
|
6,598,000
|
5.88%, 04/15/2030(1)
|
6,614,151
|
|
|
|
JSW Steel Ltd.
|
|
|
|
915,000
|
3.95%, 04/05/2027(3)
|
906,388
|
|
|
500,000
|
5.05%, 04/05/2032(3)
|
484,639
|
|
|
525,000
|
U.S. Steel Corp. 5.20%, 08/01/2031(1)
|
519,093
|
|
|
|
|
|
13,893,440
|
|
|
IT Services - 0.5%
|
||
|
2,250,000
|
Amentum Holdings, Inc. 7.25%,
08/01/2032(1)(11)
|
2,311,634
|
|
|
6,924,000
|
Apple, Inc. 3.85%, 05/04/2043
|
5,501,036
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
IT Services - 0.5% - (continued)
|
||
|
|
Dell International LLC/EMC Corp.
|
|
|
|
$ 8,000,000
|
4.50%, 02/15/2031
|
$7,797,360
|
|
|
2,415,000
|
4.75%, 10/06/2032
|
2,346,158
|
|
|
5,935,000
|
5.00%, 02/15/2034
|
5,761,503
|
|
|
18,060,000
|
5.25%, 02/15/2037
|
17,309,065
|
|
|
2,675,000
|
Fortress Intermediate 3, Inc. 7.50%,
06/01/2031(1)
|
2,721,764
|
|
|
2,750,000
|
Insight Enterprises, Inc. 6.63%,
05/15/2032(1)
|
2,765,381
|
|
|
|
International Business Machines
Corp.
|
|
|
|
2,695,000
|
4.15%, 05/15/2039
|
2,241,253
|
|
|
10,000,000
|
5.00%, 02/10/2032
|
9,924,979
|
|
|
1,250,000
|
McAfee Corp. 7.38%, 02/15/2030(1)(5)
|
1,059,844
|
|
|
|
|
|
59,739,977
|
|
|
Leisure Time - 0.1%
|
||
|
|
NCL Corp. Ltd.
|
|
|
|
2,193,000
|
5.88%, 01/15/2031(1)
|
2,095,897
|
|
|
1,500,000
|
6.25%, 09/15/2033(1)(5)
|
1,425,825
|
|
|
1,935,000
|
6.75%, 02/01/2032(1)
|
1,896,616
|
|
|
|
Viking Cruises Ltd.
|
|
|
|
575,000
|
5.88%, 10/15/2033(1)
|
569,357
|
|
|
1,060,000
|
9.13%, 07/15/2031(1)
|
1,109,853
|
|
|
|
|
|
7,097,548
|
|
|
Lodging - 0.1%
|
||
|
|
Fortune Star BVI Ltd.
|
|
|
|
EUR
885,000
|
3.95%, 10/02/2026(3)
|
1,015,853
|
|
|
$ 1,445,000
|
5.05%, 01/27/2027(3)
|
1,431,011
|
|
|
|
Gohl Capital Holdings Ltd.
|
|
|
|
1,255,000
|
7.63%, 10/29/2031, (7.63% fixed
rate until 10/29/2031; 5 yr. USD
CMT + 3.71% thereafter)(3)(7)(8)
|
1,199,904
|
|
|
1,590,000
|
8.30%, 04/29/2036, (8.30% fixed
rate until 04/29/2036; 5 yr. USD
CMT + 4.26% thereafter)(3)(7)(8)
|
1,492,954
|
|
|
420,000
|
Las Vegas Sands Corp. 5.30%,
05/15/2031
|
414,454
|
|
|
1,185,000
|
MGM China Holdings Ltd. 6.25%,
05/15/2033(1)
|
1,139,930
|
|
|
985,000
|
Station Casinos LLC 6.63%,
03/15/2032(1)
|
995,313
|
|
|
460,000
|
Studio City Co. Ltd. 6.13%,
05/15/2031(1)(5)
|
453,929
|
|
|
|
Studio City Finance Ltd.
|
|
|
|
2,259,000
|
5.00%, 01/15/2029(3)
|
2,149,373
|
|
|
435,000
|
5.00%, 01/15/2029(1)
|
413,890
|
|
|
|
|
|
10,706,611
|
|
|
Machinery-Diversified - 0.5%
|
||
|
2,750,000
|
CompoSecure Holdings LLC 5.63%,
02/01/2033(1)
|
2,643,322
|
|
|
10,910,000
|
Deere & Co. 5.45%, 01/16/2035
|
11,095,384
|
|
|
18,530,000
|
Ingersoll Rand, Inc. 5.70%,
08/14/2033
|
18,952,058
|
|
|
7,475,000
|
Otis Worldwide Corp. 5.13%,
11/19/2031
|
7,510,710
|
|
|
304,000
|
TK Elevator U.S. Newco, Inc. 5.25%,
07/15/2027(1)
|
303,962
|
|
|
7,550,000
|
Westinghouse Air Brake Technologies
Corp. 4.90%, 05/29/2030
|
7,527,126
|
|
|
3,225,000
|
Xylem, Inc. 5.20%, 06/01/2033
|
3,229,189
|
|
|
|
|
|
51,261,751
|
|
|
11
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Media - 1.3%
|
||
|
|
CCO Holdings LLC/CCO Holdings
Capital Corp.
|
|
|
|
$ 6,380,000
|
4.25%, 02/01/2031(1)
|
$5,647,125
|
|
|
860,000
|
4.25%, 01/15/2034(1)(5)
|
702,180
|
|
|
2,670,000
|
4.50%, 08/15/2030(1)
|
2,436,114
|
|
|
1,250,000
|
4.50%, 05/01/2032
|
1,077,983
|
|
|
7,500,000
|
4.75%, 02/01/2032(1)(5)
|
6,553,447
|
|
|
1,325,000
|
5.00%, 02/01/2028(1)
|
1,308,093
|
|
|
500,000
|
6.38%, 09/01/2029(1)
|
496,838
|
|
|
425,000
|
7.00%, 02/01/2033(1)(5)
|
407,290
|
|
|
875,000
|
7.38%, 03/01/2031(1)(5)
|
871,573
|
|
|
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
|
|
|
|
10,000,000
|
3.50%, 03/01/2042(5)
|
6,627,838
|
|
|
6,050,000
|
3.85%, 04/01/2061
|
3,303,390
|
|
|
392,000
|
4.40%, 12/01/2061
|
234,655
|
|
|
2,775,000
|
6.48%, 10/23/2045
|
2,406,175
|
|
|
|
Comcast Corp.
|
|
|
|
10,000,000
|
2.94%, 11/01/2056
|
5,051,346
|
|
|
4,900,000
|
2.99%, 11/01/2063
|
2,372,527
|
|
|
6,605,000
|
3.25%, 11/01/2039
|
4,801,592
|
|
|
315,000
|
3.40%, 07/15/2046
|
200,153
|
|
|
7,000,000
|
3.75%, 04/01/2040
|
5,371,675
|
|
|
11,326,000
|
4.80%, 05/15/2033
|
10,897,552
|
|
|
14,015,000
|
4.95%, 05/15/2032
|
13,822,938
|
|
|
6,320,000
|
5.30%, 06/01/2034
|
6,208,545
|
|
|
3,770,000
|
Cox Communications, Inc. 4.80%,
02/01/2035(1)
|
3,281,770
|
|
|
|
CSC Holdings LLC
|
|
|
|
2,525,000
|
5.75%, 01/15/2030(1)
|
542,875
|
|
|
3,270,000
|
11.75%, 01/31/2029(1)
|
1,871,769
|
|
|
1,425,000
|
Directv Financing LLC 8.88%,
02/01/2030(1)
|
1,446,390
|
|
|
|
Directv Financing LLC/Directv
Financing Co-Obligor, Inc.
|
|
|
|
38,000
|
5.88%, 08/15/2027(1)
|
37,910
|
|
|
640,000
|
9.25%, 06/01/2032(1)
|
654,902
|
|
|
2,506,000
|
10.00%, 02/15/2031(1)
|
2,618,607
|
|
|
|
Discovery Global Holdings, Inc.
|
|
|
|
1,042,000
|
4.28%, 03/15/2032
|
925,890
|
|
|
3,175,000
|
5.05%, 03/15/2042
|
2,206,625
|
|
|
315,000
|
5.14%, 03/15/2052
|
200,205
|
|
|
2,137,000
|
EW Scripps Co. 9.88%, 08/15/2030(1)
|
1,881,016
|
|
|
|
Grupo Televisa SAB
|
|
|
|
2,545,000
|
5.00%, 05/13/2045
|
1,738,481
|
|
|
1,355,000
|
5.25%, 05/24/2049
|
920,197
|
|
|
310,000
|
6.13%, 01/31/2046
|
240,495
|
|
|
|
Paramount Global
|
|
|
|
2,305,000
|
4.20%, 05/19/2032
|
1,959,964
|
|
|
5,879,000
|
4.38%, 03/15/2043
|
3,594,407
|
|
|
2,455,000
|
4.95%, 01/15/2031
|
2,249,767
|
|
|
5,000,000
|
5.85%, 09/01/2043
|
3,544,464
|
|
|
1,750,000
|
6.38%, 03/30/2062, (6.38% fixed
rate until 03/30/2027; 5 yr. USD
CMT + 4.00% thereafter)(8)
|
1,447,555
|
|
|
500,000
|
6.88%, 04/30/2036(5)
|
457,018
|
|
|
|
Space Exploration Technologies Corp.
|
|
|
|
5,365,000
|
5.65%, 07/15/2033(1)
|
5,139,815
|
|
|
820,000
|
6.60%, 07/15/2046(1)
|
731,324
|
|
|
680,000
|
6.65%, 07/15/2056(1)(5)
|
601,768
|
|
|
3,790,000
|
Sunrise FinCo I BV 4.88%,
07/15/2031(1)
|
3,553,282
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Media - 1.3% - (continued)
|
||
|
|
Time Warner Cable LLC
|
|
|
|
$ 270,000
|
5.50%, 09/01/2041
|
$222,573
|
|
|
8,905,000
|
5.88%, 11/15/2040
|
7,610,454
|
|
|
2,825,000
|
6.75%, 06/15/2039
|
2,662,170
|
|
|
|
Univision Communications, Inc.
|
|
|
|
2,450,000
|
8.50%, 07/31/2031(1)
|
2,444,577
|
|
|
388,000
|
8.88%, 04/15/2033(1)
|
375,671
|
|
|
|
Virgin Media Secured Finance PLC
|
|
|
|
GBP
1,000,000
|
4.25%, 01/15/2030(3)
|
1,150,128
|
|
|
$ 1,785,000
|
4.50%, 08/15/2030(1)
|
1,467,033
|
|
|
1,255,000
|
VZ Secured Financing BV 5.00%,
01/15/2032(1)
|
1,029,104
|
|
|
1,280,000
|
Ziggo BV 4.88%, 01/15/2030(1)
|
1,152,692
|
|
|
|
|
|
140,759,927
|
|
|
Mining - 1.4%
|
||
|
|
Anglo American Capital PLC
|
|
|
|
6,850,000
|
2.63%, 09/10/2030(1)
|
6,240,709
|
|
|
20,570,000
|
3.88%, 03/16/2029(1)
|
20,100,446
|
|
|
8,630,000
|
5.63%, 04/01/2030(1)
|
8,780,471
|
|
|
19,425,000
|
5.75%, 04/05/2034(1)
|
19,688,734
|
|
|
11,335,000
|
BHP Billiton Finance USA Ltd. 5.13%,
02/21/2032
|
11,380,369
|
|
|
680,000
|
Constellium SE 3.75%, 04/15/2029(1)
|
649,906
|
|
|
440,000
|
Corp. Nacional del Cobre de Chile
5.53%, 01/30/2037(1)
|
422,048
|
|
|
|
Glencore Funding LLC
|
|
|
|
415,000
|
4.90%, 07/01/2031(1)
|
410,381
|
|
|
13,275,000
|
4.91%, 04/01/2028(1)
|
13,304,282
|
|
|
11,720,000
|
5.40%, 05/08/2028(1)
|
11,829,399
|
|
|
5,025,000
|
5.67%, 04/01/2035(1)
|
5,046,644
|
|
|
16,575,000
|
6.13%, 10/06/2028(1)
|
16,998,439
|
|
|
11,910,000
|
6.38%, 10/06/2030(1)
|
12,445,015
|
|
|
|
Ivanhoe Mines Ltd.
|
|
|
|
1,055,000
|
7.88%, 01/23/2030(1)
|
1,061,015
|
|
|
980,000
|
7.88%, 01/23/2030(3)
|
985,587
|
|
|
3,027,000
|
Kaiser Aluminum Corp. 5.88%,
03/01/2034(1)
|
2,954,177
|
|
|
195,000
|
Rio Tinto Finance USA PLC 4.88%,
03/14/2030
|
195,277
|
|
|
14,520,000
|
Southern Copper Corp. 5.35%,
06/24/2036
|
14,090,498
|
|
|
|
Vedanta Resources Finance II PLC
|
|
|
|
685,000
|
7.38%, 07/13/2034(1)
|
680,861
|
|
|
685,000
|
7.75%, 07/13/2037(1)
|
687,205
|
|
|
200,000
|
9.48%, 07/24/2030(1)
|
200,621
|
|
|
344,000
|
11.25%, 12/03/2031(1)
|
344,797
|
|
|
|
WE Soda Investments Holding PLC
|
|
|
|
200,000
|
9.38%, 02/14/2031(1)
|
194,565
|
|
|
1,690,000
|
9.50%, 10/06/2028(1)
|
1,700,447
|
|
|
|
|
|
150,391,893
|
|
|
Miscellaneous Manufacturing - 0.0%
|
||
|
1,865,000
|
Avient Corp. 7.13%, 08/01/2030(1)
|
1,892,641
|
|
|
290,000
|
Eaton Corp. 4.20%, 03/06/2031
|
281,253
|
|
|
210,000
|
Entegris, Inc. 4.75%, 04/15/2029(1)
|
206,496
|
|
|
|
|
|
2,380,390
|
|
|
Office/Business Equipment - 0.1%
|
||
|
12,485,000
|
CDW LLC/CDW Finance Corp. 3.28%,
12/01/2028
|
11,984,665
|
|
|
|
Oil & Gas - 1.4%
|
||
|
490,000
|
Adnoc Murban Rsc Ltd. 5.13%,
09/11/2054(3)
|
416,252
|
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Oil & Gas - 1.4% - (continued)
|
||
|
|
Aker BP ASA
|
|
|
|
$ 4,055,000
|
5.13%, 10/01/2034(1)
|
$3,905,057
|
|
|
4,051,000
|
5.25%, 10/30/2035(1)
|
3,892,597
|
|
|
|
Azule Energy Finance PLC
|
|
|
|
1,700,000
|
8.13%, 01/23/2030(1)
|
1,726,172
|
|
|
200,000
|
8.13%, 01/23/2030(3)
|
202,984
|
|
|
5,917,000
|
BP Capital Markets America, Inc.
3.38%, 02/08/2061
|
3,624,783
|
|
|
|
ConocoPhillips Co.
|
|
|
|
7,485,000
|
4.03%, 03/15/2062
|
5,167,052
|
|
|
2,618,000
|
4.30%, 11/15/2044
|
2,121,386
|
|
|
190,000
|
4.70%, 01/15/2030
|
189,449
|
|
|
1,500,000
|
Crescent Energy Finance LLC 7.88%,
04/15/2032(1)
|
1,527,567
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
2,350,000
|
5.40%, 04/18/2034
|
2,342,638
|
|
|
11,458,000
|
5.75%, 04/18/2054
|
10,661,359
|
|
|
12,629,000
|
6.25%, 03/15/2053
|
12,525,492
|
|
|
|
Ecopetrol SA
|
|
|
|
932,000
|
4.63%, 11/02/2031
|
849,820
|
|
|
8,310,000
|
7.75%, 02/01/2032
|
8,580,574
|
|
|
2,431,000
|
Empresa Nacional del Petroleo
5.25%, 11/06/2029(3)
|
2,434,406
|
|
|
|
Eni SpA
|
|
|
|
17,230,000
|
5.25%, 05/18/2036(1)
|
16,626,666
|
|
|
1,675,000
|
6.00%, 05/18/2056(1)
|
1,581,576
|
|
|
6,370,000
|
EOG Resources, Inc. 5.65%,
12/01/2054
|
5,951,154
|
|
|
|
Hilcorp Energy I LP/Hilcorp Finance
Co.
|
|
|
|
125,000
|
6.25%, 04/15/2032(1)
|
121,344
|
|
|
85,000
|
6.88%, 05/15/2034(1)
|
83,254
|
|
|
|
Matador Resources Co.
|
|
|
|
500,000
|
6.00%, 04/15/2034(1)
|
483,593
|
|
|
1,425,000
|
6.25%, 04/15/2033(1)
|
1,402,178
|
|
|
1,005,000
|
6.50%, 04/15/2032(1)
|
1,003,120
|
|
|
575,000
|
Medco Laurel Tree Pte. Ltd. 6.95%,
11/12/2028(3)
|
575,547
|
|
|
|
Northern Oil & Gas, Inc.
|
|
|
|
505,000
|
7.88%, 10/15/2033(1)
|
505,362
|
|
|
1,725,000
|
8.75%, 06/15/2031(1)
|
1,777,787
|
|
|
|
Petroleos de Venezuela SA
|
|
|
|
485,000
|
5.50%, 04/12/2037(3)(9)
|
177,088
|
|
|
7,637,000
|
6.00%, 05/16/2024(3)(9)
|
2,862,806
|
|
|
8,065,000
|
6.00%, 11/15/2026(3)(9)
|
3,036,472
|
|
|
520,000
|
9.75%, 05/17/2035(3)(9)
|
235,456
|
|
|
900,000
|
12.75%, 02/17/2022(3)(9)
|
445,500
|
|
|
|
Petroleos Mexicanos
|
|
|
|
EUR
390,000
|
4.75%, 02/26/2029(3)
|
453,923
|
|
|
$ 255,000
|
6.35%, 02/12/2048
|
201,243
|
|
|
1,456,000
|
6.75%, 09/21/2047
|
1,191,008
|
|
|
|
Petronas Capital Ltd.
|
|
|
|
640,000
|
4.95%, 01/03/2031(1)
|
640,889
|
|
|
410,000
|
5.85%, 04/03/2055(1)
|
403,334
|
|
|
483,000
|
Pluspetrol Camisea SA/Pluspetrol
Lote 56 SA 6.24%, 07/03/2036(1)
|
496,207
|
|
|
2,250,000
|
Range Resources Corp. 4.75%,
02/15/2030(1)
|
2,190,411
|
|
|
|
Saudi Arabian Oil Co.
|
|
|
|
5,890,000
|
4.38%, 02/02/2031(1)
|
5,681,663
|
|
|
2,485,000
|
5.00%, 02/02/2036(1)
|
2,387,158
|
|
|
3,425,000
|
5.75%, 07/17/2054(3)
|
3,065,243
|
|
|
2,475,000
|
5.88%, 07/17/2064(3)
|
2,189,078
|
|
|
2,765,000
|
6.00%, 02/02/2056(1)
|
2,530,222
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Oil & Gas - 1.4% - (continued)
|
||
|
$ 1,055,000
|
6.38%, 06/02/2055(3)
|
$1,017,881
|
|
|
7,450,000
|
Shell Finance U.S., Inc. 3.00%,
11/26/2051
|
4,588,086
|
|
|
|
SM Energy Co.
|
|
|
|
1,400,000
|
6.50%, 07/15/2028
|
1,401,028
|
|
|
705,000
|
6.63%, 04/15/2034(1)
|
700,647
|
|
|
1,505,000
|
6.75%, 08/01/2029(1)
|
1,526,836
|
|
|
1,170,000
|
7.00%, 08/01/2032(1)
|
1,188,692
|
|
|
|
Sunoco LP
|
|
|
|
1,000,000
|
5.38%, 07/15/2031(1)
|
980,904
|
|
|
680,000
|
5.63%, 03/15/2031(1)
|
671,166
|
|
|
500,000
|
5.63%, 07/15/2034(1)
|
483,426
|
|
|
500,000
|
5.88%, 03/15/2034(1)
|
489,376
|
|
|
631,000
|
6.25%, 07/01/2033(1)
|
632,439
|
|
|
1,045,000
|
7.00%, 05/01/2029(1)
|
1,067,756
|
|
|
1,790,000
|
7.25%, 05/01/2032(1)
|
1,845,490
|
|
|
500,000
|
Sunoco LP/Sunoco Finance Corp.
4.50%, 04/30/2030
|
482,377
|
|
|
|
Talos Production, Inc.
|
|
|
|
905,000
|
8.00%, 07/15/2034(1)
|
913,883
|
|
|
2,700,000
|
9.38%, 02/01/2031(1)(5)
|
2,846,664
|
|
|
7,491,000
|
TotalEnergies Capital International
SA 2.99%, 06/29/2041
|
5,438,230
|
|
|
3,570,000
|
TotalEnergies Capital USA LLC
4.57%, 01/13/2033
|
3,462,063
|
|
|
3,167,500
|
Transocean International Ltd. 8.75%,
02/15/2030(1)
|
3,289,946
|
|
|
910,000
|
YPF SA 6.95%, 07/21/2027(3)
|
914,454
|
|
|
|
|
|
152,408,214
|
|
|
Oil & Gas Services - 0.1%
|
||
|
200,000
|
Schlumberger Investment SA 4.55%,
05/07/2031
|
197,095
|
|
|
|
USA Compression Partners LP/USA
Compression Finance Corp.
|
|
|
|
1,915,000
|
6.25%, 10/01/2033(1)
|
1,884,535
|
|
|
2,584,000
|
7.13%, 03/15/2029(1)
|
2,639,677
|
|
|
2,993,000
|
Weatherford International Ltd. 6.75%,
10/15/2033(1)
|
3,029,757
|
|
|
|
|
|
7,751,064
|
|
|
Packaging & Containers - 0.3%
|
||
|
|
Ardagh Group SA
|
|
|
|
1,447,028
|
9.50%, 12/01/2030(1)
|
1,533,427
|
|
|
1,595,055
|
11.00%, 12/01/2030(1)(4)
|
1,477,321
|
|
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
1,520,000
|
6.63%, 04/15/2029(1)
|
1,510,829
|
|
|
908,000
|
6.75%, 04/15/2032(1)
|
864,691
|
|
|
1,554,000
|
8.75%, 04/15/2030(1)
|
1,485,164
|
|
|
|
Mauser Packaging Solutions Holding
Co.
|
|
|
|
2,215,000
|
7.88%, 04/15/2030(1)
|
2,259,079
|
|
|
1,475,000
|
9.25%, 04/15/2030(1)
|
1,461,952
|
|
|
|
Owens-Brockway Glass Container,
Inc.
|
|
|
|
2,120,000
|
7.25%, 05/15/2031(1)(5)
|
2,007,054
|
|
|
945,000
|
7.38%, 06/01/2032(1)(5)
|
872,554
|
|
|
13,925,000
|
Packaging Corp. of America 5.20%,
08/15/2035
|
13,663,969
|
|
|
972,000
|
SAN Miguel Industrias Pet SA/NG
PET R&P Latin America SA 3.75%,
08/02/2028(3)(6)
|
927,531
|
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Packaging & Containers - 0.3% - (continued)
|
||
|
$ 1,090,000
|
Sword Purchaser LLC 8.25%,
04/15/2033(1)
|
$1,114,890
|
|
|
2,950,000
|
Trivium Packaging Finance BV
12.25%, 01/15/2031(1)
|
3,264,390
|
|
|
|
|
|
32,442,851
|
|
|
Pharmaceuticals - 2.4%
|
||
|
4,485,000
|
1261229 BC Ltd. 10.00%,
04/15/2032(1)
|
4,584,782
|
|
|
|
AbbVie, Inc.
|
|
|
|
4,630,000
|
4.05%, 11/21/2039
|
3,955,713
|
|
|
3,705,000
|
4.85%, 06/15/2044
|
3,263,602
|
|
|
4,715,000
|
5.20%, 03/15/2035
|
4,697,153
|
|
|
4,870,000
|
5.55%, 03/15/2056
|
4,543,791
|
|
|
|
Astrazeneca Finance LLC
|
|
|
|
13,635,000
|
4.30%, 03/02/2033
|
13,071,344
|
|
|
14,685,000
|
4.60%, 03/02/2036
|
13,931,732
|
|
|
1,741,000
|
Bausch Health Cos., Inc. 6.25%,
02/15/2029(1)
|
1,366,685
|
|
|
840,000
|
Bayer U.S. Finance LLC 5.13%,
07/20/2031(1)
|
832,743
|
|
|
8,400,000
|
Bristol-Myers Squibb Co. 4.25%,
10/26/2049
|
6,509,874
|
|
|
10,210,000
|
Cardinal Health, Inc. 5.00%,
11/15/2029
|
10,251,528
|
|
|
|
Cencora, Inc.
|
|
|
|
9,400,000
|
3.95%, 02/13/2029
|
9,226,056
|
|
|
5,210,000
|
4.60%, 02/13/2033
|
5,040,553
|
|
|
|
CVS Health Corp.
|
|
|
|
8,115,000
|
4.78%, 03/25/2038
|
7,409,169
|
|
|
5,535,000
|
5.00%, 09/15/2032
|
5,486,167
|
|
|
9,430,000
|
5.05%, 03/25/2048
|
7,964,440
|
|
|
804,000
|
6.75%, 12/10/2054, (6.75% fixed
rate until 09/10/2034; 5 yr. USD
CMT + 2.52% thereafter)(8)
|
828,387
|
|
|
14,020,000
|
7.00%, 03/10/2055, (7.00% fixed
rate until 12/10/2029; 5 yr. USD
CMT + 2.89% thereafter)(8)
|
14,435,609
|
|
|
|
CVS Pass-Through Trust
|
|
|
|
3,524
|
6.04%, 12/10/2028
|
3,535
|
|
|
10,984
|
6.94%, 01/10/2030
|
11,233
|
|
|
|
Eli Lilly & Co.
|
|
|
|
27,175,000
|
4.55%, 10/15/2032
|
26,718,542
|
|
|
14,565,000
|
4.65%, 05/20/2033
|
14,268,945
|
|
|
4,450,000
|
5.50%, 02/12/2055
|
4,187,177
|
|
|
5,790,000
|
5.60%, 02/12/2065
|
5,412,650
|
|
|
5,695,000
|
5.70%, 05/20/2066
|
5,424,137
|
|
|
|
Merck & Co., Inc.
|
|
|
|
7,215,000
|
4.45%, 12/04/2032
|
7,020,115
|
|
|
4,075,000
|
5.20%, 05/22/2036
|
4,045,243
|
|
|
16,755,000
|
5.55%, 12/04/2055
|
15,628,517
|
|
|
1,440,000
|
5.85%, 05/22/2056
|
1,404,530
|
|
|
7,720,000
|
Novartis Capital Corp. 4.60%,
03/18/2033
|
7,534,922
|
|
|
|
Pfizer, Inc.
|
|
|
|
10,000,000
|
4.30%, 06/15/2043
|
8,261,063
|
|
|
23,325,000
|
4.50%, 11/15/2032
|
22,709,294
|
|
|
EUR
1,545,000
|
Teva Pharmaceutical Finance
Netherlands II BV 7.88%,
09/15/2031
|
2,070,761
|
|
|
|
Teva Pharmaceutical Finance
Netherlands III BV
|
|
|
|
$ 4,904,000
|
3.15%, 10/01/2026
|
4,886,366
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Pharmaceuticals - 2.4% - (continued)
|
||
|
$ 5,404,000
|
4.75%, 05/09/2027(5)
|
$5,390,587
|
|
|
13,250,000
|
Viatris, Inc. 2.70%, 06/22/2030
|
12,045,192
|
|
|
|
|
|
264,422,137
|
|
|
Pipelines - 2.6%
|
||
|
3,265,000
|
Abu Dhabi Crude Oil Pipeline LLC
4.60%, 11/02/2047(3)
|
2,786,751
|
|
|
2,011,000
|
AL Candelaria (Spain) SA 5.75%,
06/15/2033(3)
|
1,855,147
|
|
|
|
Antero Midstream Partners LP/Antero
Midstream Finance Corp.
|
|
|
|
1,750,000
|
5.75%, 01/15/2028(1)
|
1,748,658
|
|
|
700,000
|
5.75%, 10/15/2033(1)
|
687,543
|
|
|
500,000
|
5.75%, 07/01/2034(1)
|
490,081
|
|
|
281,000
|
6.63%, 02/01/2032(1)
|
285,998
|
|
|
|
Buckeye Partners LP
|
|
|
|
4,430,000
|
4.50%, 03/01/2028(1)
|
4,371,393
|
|
|
904,000
|
5.85%, 11/15/2043
|
802,593
|
|
|
10,470,000
|
Columbia Pipelines Holding Co. LLC
5.00%, 11/17/2032(1)
|
10,221,905
|
|
|
|
Columbia Pipelines Operating Co.
LLC
|
|
|
|
2,580,000
|
5.51%, 05/15/2036(1)
|
2,535,743
|
|
|
3,475,000
|
6.54%, 11/15/2053(1)
|
3,539,444
|
|
|
9,630,000
|
DT Midstream, Inc. 4.38%,
06/15/2031(1)
|
9,212,462
|
|
|
|
Enbridge, Inc.
|
|
|
|
7,120,000
|
4.85%, 03/27/2031
|
7,050,769
|
|
|
7,535,000
|
5.70%, 03/08/2033
|
7,684,840
|
|
|
|
Energy Transfer LP
|
|
|
|
10,401,000
|
5.00%, 05/15/2050
|
8,436,539
|
|
|
7,528,000
|
5.15%, 03/15/2045
|
6,498,982
|
|
|
3,853,000
|
5.30%, 04/15/2047
|
3,329,091
|
|
|
9,450,000
|
5.55%, 02/15/2028
|
9,566,067
|
|
|
4,245,000
|
6.10%, 12/01/2028
|
4,363,421
|
|
|
5,370,000
|
Enterprise Products Operating LLC
4.85%, 03/15/2044
|
4,703,607
|
|
|
|
Esentia Energy Development SAB de
CV
|
|
|
|
990,000
|
6.13%, 07/30/2033(1)
|
968,616
|
|
|
695,000
|
6.50%, 07/30/2038(1)
|
663,899
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
2,930,000
|
2.63%, 03/31/2036(3)
|
2,501,948
|
|
|
795,000
|
2.63%, 03/31/2036(1)
|
679,793
|
|
|
17,228,628
|
2.94%, 09/30/2040(3)
|
13,949,641
|
|
|
|
Green Palm Bidco SARL
|
|
|
|
21,963,000
|
5.96%, 06/30/2041(1)
|
21,520,402
|
|
|
1,962,000
|
6.46%, 06/30/2046(1)
|
1,909,900
|
|
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
273,000
|
6.10%, 08/23/2042(1)
|
269,071
|
|
|
16,385,000
|
6.13%, 02/23/2038(3)
|
16,365,069
|
|
|
6,800,000
|
Hess Midstream Operations LP
6.50%, 06/01/2029(1)
|
6,915,369
|
|
|
|
Howard Midstream Energy
Partners LLC
|
|
|
|
2,645,000
|
6.63%, 01/15/2034(1)
|
2,674,505
|
|
|
880,000
|
6.63%, 01/15/2035(1)
|
879,517
|
|
|
275,000
|
7.38%, 07/15/2032(1)
|
284,258
|
|
|
515,000
|
Kinder Morgan, Inc. 5.55%,
08/01/2036
|
511,507
|
|
|
|
MPLX LP
|
|
|
|
11,850,000
|
5.00%, 01/15/2033
|
11,597,962
|
|
|
6,525,000
|
6.10%, 04/01/2056
|
6,181,988
|
|
|
3,055,000
|
6.20%, 09/15/2055
|
2,928,726
|
|
|
|
14
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Pipelines - 2.6% - (continued)
|
||
|
$ 2,750,000
|
Northriver Midstream Finance LP
6.75%, 07/15/2032(1)
|
$2,771,266
|
|
|
1,992,000
|
ONEOK Partners LP 6.13%,
02/01/2041
|
1,998,660
|
|
|
|
ONEOK, Inc.
|
|
|
|
6,585,000
|
4.85%, 02/01/2049
|
5,291,480
|
|
|
3,940,000
|
4.95%, 10/15/2032
|
3,863,554
|
|
|
6,252,000
|
5.05%, 11/01/2034
|
6,026,441
|
|
|
7,655,000
|
5.40%, 10/15/2035
|
7,495,108
|
|
|
11,090,000
|
5.70%, 11/01/2054
|
9,809,674
|
|
|
1,800,000
|
6.63%, 09/01/2053
|
1,803,691
|
|
|
10,355,000
|
Plains All American Pipeline LP/PAA
Finance Corp. 5.60%, 01/15/2036
|
10,199,537
|
|
|
1,160,000
|
QazaqGaz NC JSC 5.63%,
05/08/2036(1)
|
1,123,042
|
|
|
12,425,000
|
Rio Grande LNG LLC 5.25%,
06/30/2031(1)
|
12,269,565
|
|
|
|
Rockies Express Pipeline LLC
|
|
|
|
2,950,000
|
6.75%, 03/15/2033(1)
|
2,999,244
|
|
|
1,000,000
|
6.88%, 04/15/2040(1)
|
1,005,687
|
|
|
|
Targa Resources Corp.
|
|
|
|
8,110,000
|
5.40%, 07/30/2036
|
7,902,738
|
|
|
4,210,000
|
6.05%, 05/15/2056
|
3,964,715
|
|
|
4,352,000
|
6.25%, 07/01/2052
|
4,232,941
|
|
|
1,803,000
|
6.50%, 02/15/2053
|
1,807,386
|
|
|
4,395,000
|
Transcontinental Gas Pipe Line Co.
LLC 5.10%, 03/15/2036
|
4,255,494
|
|
|
|
Venture Global Plaquemines
LNG LLC
|
|
|
|
455,000
|
6.13%, 12/15/2030(1)
|
462,208
|
|
|
1,160,000
|
6.50%, 01/15/2034(1)
|
1,196,959
|
|
|
890,000
|
6.75%, 01/15/2036(1)
|
931,559
|
|
|
7,600,000
|
Whistler Pipeline LLC 5.70%,
09/30/2031(1)
|
7,707,068
|
|
|
9,900,000
|
Williams Cos., Inc. 5.65%, 03/15/2033
|
10,043,744
|
|
|
|
|
|
290,134,966
|
|
|
Real Estate - 0.0%
|
||
|
EUR
2,670,000
|
CPI Property Group SA 7.50%,
03/26/2031, (7.50% fixed rate until
03/26/2031; 5 yr. EURIBOR ICE
Swap + 5.23% thereafter)(3)(7)(8)
|
2,773,680
|
|
|
$ 1,345,000
|
GLP China Holdings Ltd. 7.75%,
04/30/2029(3)
|
1,212,512
|
|
|
|
GLP Pte. Ltd.
|
|
|
|
320,000
|
7.87%, 11/17/2026, (7.87% fixed
rate until 11/17/2026; 5 yr. USD
CMT + 3.74% thereafter)(3)(7)(8)
|
194,423
|
|
|
1,080,000
|
9.75%, 05/20/2028(3)
|
978,454
|
|
|
|
|
|
5,159,069
|
|
|
Real Estate Investment Trusts - 1.5%
|
||
|
415,000
|
American Assets Trust LP 3.38%,
02/01/2031
|
376,295
|
|
|
|
American Tower Corp.
|
|
|
|
3,965,000
|
4.70%, 12/15/2032
|
3,844,094
|
|
|
8,450,000
|
5.25%, 07/15/2028
|
8,524,479
|
|
|
12,670,000
|
American Tower Trust I 5.49%,
03/15/2053(1)
|
12,748,906
|
|
|
|
Brandywine Operating Partnership LP
|
|
|
|
1,145,000
|
4.55%, 10/01/2029
|
1,072,728
|
|
|
535,000
|
6.13%, 01/15/2031(5)
|
514,211
|
|
|
105,000
|
8.30%, 03/15/2028(5)(6)
|
108,813
|
|
|
2,250,000
|
8.88%, 04/12/2029
|
2,358,203
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Real Estate Investment Trusts - 1.5% - (continued)
|
||
|
$ 517,000
|
Champion MTN Ltd. 2.95%,
06/15/2030(3)
|
$457,754
|
|
|
|
Cousins Properties LP
|
|
|
|
3,945,000
|
4.88%, 03/01/2033
|
3,781,066
|
|
|
210,000
|
5.25%, 07/15/2030
|
210,345
|
|
|
|
Crown Castle, Inc.
|
|
|
|
14,650,000
|
2.25%, 01/15/2031
|
12,906,926
|
|
|
6,725,000
|
3.65%, 09/01/2027
|
6,657,014
|
|
|
11,982,000
|
4.15%, 07/01/2050
|
8,784,113
|
|
|
10,140,000
|
5.60%, 06/01/2029
|
10,310,468
|
|
|
425,000
|
Equinix Europe 2 Financing Corp. LLC
4.60%, 11/15/2030
|
414,993
|
|
|
|
GLP Capital LP/GLP Financing II, Inc.
|
|
|
|
5,990,000
|
3.25%, 01/15/2032
|
5,298,046
|
|
|
6,715,000
|
4.00%, 01/15/2031
|
6,289,471
|
|
|
7,195,000
|
5.25%, 02/15/2033
|
6,943,992
|
|
|
4,750,000
|
5.30%, 01/15/2029
|
4,754,688
|
|
|
14,610,000
|
5.63%, 03/01/2036
|
14,008,633
|
|
|
4,253,000
|
5.75%, 06/01/2028
|
4,286,339
|
|
|
|
Hudson Pacific Properties LP
|
|
|
|
295,000
|
3.25%, 01/15/2030(5)
|
258,115
|
|
|
2,755,000
|
4.65%, 04/01/2029(5)
|
2,589,591
|
|
|
595,000
|
5.95%, 02/15/2028
|
589,429
|
|
|
|
Iron Mountain, Inc.
|
|
|
|
1,050,000
|
5.25%, 07/15/2030(1)
|
1,026,072
|
|
|
370,000
|
6.25%, 01/15/2033(1)
|
371,422
|
|
|
1,695,000
|
6.25%, 01/15/2035(1)
|
1,673,666
|
|
|
1,825,000
|
7.00%, 02/15/2029(1)
|
1,853,930
|
|
|
2,450,000
|
MPT Operating Partnership LP/MPT
Finance Corp. 8.50%,
02/15/2032(1)
|
2,489,960
|
|
|
2,725,000
|
Pebblebrook Hotel LP/PEB Finance
Corp. 6.38%, 10/15/2029(1)
|
2,750,367
|
|
|
449,000
|
Piedmont Operating Partnership LP
3.15%, 08/15/2030
|
410,258
|
|
|
|
Prologis Targeted U.S. Logistics
Fund LP
|
|
|
|
3,745,000
|
4.25%, 01/15/2031(1)
|
3,615,123
|
|
|
8,000,000
|
4.75%, 01/15/2036(1)
|
7,492,801
|
|
|
540,000
|
Public Storage Operating Co. 4.70%,
02/01/2032
|
532,983
|
|
|
14,015,000
|
Realty Income Corp. 4.75%,
04/15/2033
|
13,624,128
|
|
|
9,820,000
|
Regency Centers LP 4.50%,
03/15/2033
|
9,417,940
|
|
|
815,000
|
SBA Communications Corp. 4.88%,
01/15/2030
|
811,551
|
|
|
|
Trust 2401
|
|
|
|
200,000
|
4.87%, 01/15/2030(3)
|
191,958
|
|
|
245,000
|
6.39%, 01/15/2050(1)
|
222,391
|
|
|
920,000
|
7.38%, 02/13/2034(1)
|
969,680
|
|
|
650,000
|
Trust Fibra Uno 4.87%, 01/15/2030(3)
|
621,964
|
|
|
|
|
|
166,164,906
|
|
|
Retail - 0.2%
|
||
|
|
1011778 BC ULC/New Red Finance,
Inc.
|
|
|
|
1,805,000
|
3.50%, 02/15/2029(1)
|
1,728,904
|
|
|
755,000
|
3.88%, 01/15/2028(1)
|
739,762
|
|
|
1,114,000
|
4.38%, 01/15/2028(1)
|
1,098,331
|
|
|
1,694,000
|
Asbury Automotive Group, Inc. 4.63%,
11/15/2029(1)
|
1,642,904
|
|
|
3,265,000
|
Cougar JV Subsidiary LLC 8.00%,
05/15/2032(1)
|
3,414,913
|
|
|
|
15
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Retail - 0.2% - (continued)
|
||
|
|
FirstCash, Inc.
|
|
|
|
$ 1,575,000
|
4.63%, 09/01/2028(1)
|
$1,545,894
|
|
|
1,110,000
|
6.13%, 05/01/2034(1)
|
1,094,231
|
|
|
1,381,000
|
6.88%, 03/01/2032(1)
|
1,400,844
|
|
|
|
LBM Acquisition LLC
|
|
|
|
1,114,000
|
6.25%, 01/15/2029(1)
|
713,816
|
|
|
1,820,000
|
9.50%, 06/15/2031(1)(5)
|
1,523,613
|
|
|
2,750,000
|
Petco Health & Wellness Co., Inc.
8.25%, 02/01/2031(1)(5)
|
2,758,786
|
|
|
250,000
|
PetSmart LLC/PetSmart Finance
Corp. 7.50%, 09/15/2032(1)
|
252,602
|
|
|
|
QXO Building Products, Inc.
|
|
|
|
750,000
|
6.50%, 07/15/2031(1)
|
753,041
|
|
|
750,000
|
6.75%, 04/30/2032(1)
|
765,945
|
|
|
1,994,000
|
Specialty Building Products
Holdings LLC/SBP Finance Corp.
7.75%, 10/15/2029(1)
|
1,893,160
|
|
|
3,550,000
|
Staples, Inc. 10.75%, 09/01/2029(1)
|
3,396,824
|
|
|
875,000
|
Victoria's Secret & Co. 4.63%,
07/15/2029(1)
|
849,806
|
|
|
|
|
|
25,573,376
|
|
|
Savings & Loans - 0.2%
|
||
|
18,450,000
|
Nationwide Building Society 5.52%,
07/14/2037, (5.52% fixed rate until
07/14/2036; 6 mo. USD SOFR +
1.42% thereafter)(1)(8)
|
18,041,689
|
|
|
|
Semiconductors - 0.7%
|
||
|
|
Foundry JV Holdco LLC
|
|
|
|
10,036,000
|
6.10%, 01/25/2036(1)
|
10,259,172
|
|
|
4,480,000
|
6.15%, 01/25/2032(1)
|
4,626,054
|
|
|
1,835,000
|
6.20%, 01/25/2037(1)
|
1,876,659
|
|
|
2,818,000
|
6.40%, 01/25/2038(1)
|
2,910,216
|
|
|
|
Intel Corp.
|
|
|
|
7,155,000
|
2.80%, 08/12/2041
|
4,796,987
|
|
|
15,556,000
|
3.05%, 08/12/2051
|
9,108,148
|
|
|
19,829,000
|
3.25%, 11/15/2049
|
12,129,099
|
|
|
13,771,000
|
3.73%, 12/08/2047
|
9,347,472
|
|
|
12,515,000
|
4.10%, 05/19/2046
|
9,116,727
|
|
|
840,000
|
4.65%, 06/01/2031
|
821,338
|
|
|
6,755,000
|
5.00%, 08/15/2033
|
6,567,053
|
|
|
5,730,000
|
5.30%, 05/15/2036
|
5,532,120
|
|
|
455,000
|
Marvell Technology, Inc. 2.95%,
04/15/2031
|
412,557
|
|
|
225,000
|
NVIDIA Corp. 5.63%, 06/15/2056
|
203,600
|
|
|
301,000
|
Qorvo, Inc. 3.38%, 04/01/2031(1)
|
272,942
|
|
|
|
|
|
77,980,144
|
|
|
Software - 0.9%
|
||
|
|
AthenaHealth Group, Inc.
|
|
|
|
4,820,000
|
6.50%, 02/15/2030(1)
|
4,649,264
|
|
|
535,000
|
7.50%, 02/15/2032(1)
|
548,493
|
|
|
|
Cloud Software Group LLC
|
|
|
|
500,000
|
6.50%, 03/31/2029(1)
|
488,582
|
|
|
2,437,000
|
6.63%, 08/15/2033(1)
|
2,124,698
|
|
|
1,500,000
|
8.25%, 06/30/2032(1)
|
1,418,981
|
|
|
4,228,000
|
9.00%, 09/30/2029(1)
|
4,142,390
|
|
|
|
CoreWeave, Inc.
|
|
|
|
600,000
|
9.63%, 07/15/2032(1)
|
537,019
|
|
|
330,000
|
9.75%, 10/01/2031(1)
|
299,430
|
|
|
|
OAK-Eagle Acquireco, Inc.
|
|
|
|
850,000
|
7.25%, 07/01/2033(1)
|
880,747
|
|
|
1,547,000
|
8.75%, 07/01/2034(1)
|
1,629,744
|
|
|
|
Open Text Corp.
|
|
|
|
410,000
|
3.88%, 02/15/2028(1)
|
399,716
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Software - 0.9% - (continued)
|
||
|
$ 1,644,000
|
3.88%, 12/01/2029(1)
|
$1,512,063
|
|
|
1,000,000
|
Open Text Holdings, Inc. 4.13%,
02/15/2030(1)
|
922,541
|
|
|
|
Oracle Corp.
|
|
|
|
3,022,000
|
3.60%, 04/01/2040
|
2,090,665
|
|
|
28,680,000
|
3.60%, 04/01/2050
|
16,436,617
|
|
|
1,200,000
|
3.90%, 05/15/2035
|
980,823
|
|
|
3,410,000
|
4.30%, 07/08/2034
|
2,922,505
|
|
|
22,076,000
|
4.70%, 09/27/2034
|
19,365,053
|
|
|
4,736,000
|
5.35%, 05/04/2033
|
4,450,547
|
|
|
3,505,000
|
5.50%, 08/03/2035
|
3,217,429
|
|
|
2,081,000
|
5.55%, 02/06/2053
|
1,563,213
|
|
|
11,979,000
|
5.70%, 02/04/2036
|
11,089,773
|
|
|
4,498,000
|
5.88%, 09/26/2045
|
3,690,743
|
|
|
870,000
|
6.10%, 09/26/2065
|
683,624
|
|
|
946,000
|
6.13%, 08/03/2065
|
747,962
|
|
|
3,055,000
|
6.55%, 02/04/2046
|
2,703,598
|
|
|
7,274,000
|
6.70%, 02/04/2056
|
6,413,925
|
|
|
494,000
|
6.85%, 02/04/2066
|
434,664
|
|
|
|
Rocket Software, Inc.
|
|
|
|
2,300,000
|
6.50%, 02/15/2029(1)(5)
|
2,119,176
|
|
|
1,387,000
|
9.00%, 11/28/2028(1)
|
1,372,834
|
|
|
480,000
|
Roper Technologies, Inc. 1.75%,
02/15/2031
|
414,544
|
|
|
EUR
2,120,000
|
TeamSystem SpA 6.50%,
07/01/2032(1)
|
2,426,423
|
|
|
|
|
|
102,677,786
|
|
|
Telecommunications - 2.1%
|
||
|
$ 1,025,000
|
Africell Holding Ltd. 10.50%,
10/23/2029(3)(5)
|
1,052,184
|
|
|
240,000
|
Altice France Lux 3/Altice Holdings 1
10.00%, 01/15/2033(1)(5)
|
235,529
|
|
|
|
Altice France SA
|
|
|
|
1,322,287
|
6.50%, 04/15/2032(1)
|
1,279,891
|
|
|
503,049
|
6.88%, 10/15/2030(1)
|
491,160
|
|
|
609,757
|
6.88%, 07/15/2032(1)
|
591,951
|
|
|
3,105,947
|
9.50%, 11/01/2029(1)
|
3,149,595
|
|
|
EUR
1,003
|
Altice Holdings 1 SARL 0.00%,
12/31/2099(1)(2)(7)
|
156
|
|
|
|
AT&T, Inc.
|
|
|
|
$ 20,975,000
|
3.50%, 06/01/2041
|
15,440,030
|
|
|
11,739,000
|
3.50%, 09/15/2053
|
7,091,222
|
|
|
25,070,000
|
3.65%, 06/01/2051
|
15,882,302
|
|
|
13,965,000
|
4.55%, 11/01/2032
|
13,414,801
|
|
|
4,770,000
|
6.20%, 10/30/2056
|
4,415,097
|
|
|
6,290,000
|
6.30%, 10/30/2066
|
5,792,047
|
|
|
18,650,000
|
Beacon Point DC LLC 6.13%,
11/30/2042(1)
|
17,895,238
|
|
|
1,890,000
|
Black Pearl Compute LLC 6.13%,
02/15/2031(1)
|
1,886,832
|
|
|
4,100,000
|
Cisco Systems, Inc. 5.50%,
01/15/2040
|
4,060,497
|
|
|
960,000
|
Colombia Telecomunicaciones SA
ESP 4.95%, 07/17/2030(3)
|
906,672
|
|
|
|
EchoStar Corp.
|
|
|
|
2,852,093
|
6.75%, 11/30/2030(4)
|
2,892,593
|
|
|
4,375,000
|
10.75%, 11/30/2029
|
4,732,449
|
|
|
|
Fibercop SpA
|
|
|
|
1,605,000
|
6.38%, 11/15/2033(1)
|
1,576,575
|
|
|
1,041,000
|
7.20%, 07/18/2036(1)
|
1,056,542
|
|
|
606,000
|
7.72%, 06/04/2038(1)
|
628,444
|
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Telecommunications - 2.1% - (continued)
|
||
|
$ 1,455,000
|
Globe Telecom, Inc. 4.20%,
08/03/2026, (4.20% fixed rate until
08/03/2026; 5 yr. USD CMT +
5.53% thereafter)(3)(7)(8)
|
$1,436,195
|
|
|
21,635,000
|
HUT 8 DC LLC 6.19%, 11/15/2042(1)
|
21,035,228
|
|
|
|
Iliad Holding SAS
|
|
|
|
EUR
2,185,000
|
6.88%, 04/15/2031(1)
|
2,638,341
|
|
|
$ 730,000
|
7.00%, 10/15/2028(1)
|
731,766
|
|
|
830,000
|
7.00%, 04/15/2032(1)
|
837,175
|
|
|
|
Level 3 Financing, Inc.
|
|
|
|
379,000
|
3.75%, 07/15/2029(1)
|
361,505
|
|
|
730,000
|
6.88%, 06/30/2033(1)
|
738,723
|
|
|
750,000
|
7.00%, 03/31/2034(1)
|
762,914
|
|
|
500,000
|
7.50%, 02/15/2037(1)
|
496,598
|
|
|
2,700,000
|
8.50%, 01/15/2036(1)
|
2,809,031
|
|
|
|
Lumen Technologies, Inc.
|
|
|
|
225,000
|
4.50%, 01/15/2029(1)
|
213,750
|
|
|
930,000
|
5.38%, 06/15/2029(1)
|
889,312
|
|
|
3,825,000
|
Meridian Arc Holdco LLC 6.25%,
04/30/2031(1)
|
3,675,185
|
|
|
|
Millicom International Cellular SA
|
|
|
|
920,000
|
4.50%, 04/27/2031(3)
|
844,980
|
|
|
1,080,000
|
6.25%, 03/25/2029(3)
|
1,079,110
|
|
|
603,000
|
6.25%, 03/25/2029(1)
|
602,503
|
|
|
|
NTT Finance Corp.
|
|
|
|
4,365,000
|
4.88%, 07/16/2030(1)
|
4,318,606
|
|
|
840,000
|
5.01%, 11/01/2031(1)
|
829,703
|
|
|
4,825,000
|
5.17%, 07/16/2032(1)
|
4,775,678
|
|
|
|
Orange SA
|
|
|
|
5,365,000
|
4.75%, 01/13/2033(1)
|
5,183,087
|
|
|
4,215,000
|
5.00%, 01/13/2036(1)
|
4,015,088
|
|
|
20,298,000
|
Road Michigan Property Owner I LLC
7.50%, 03/30/2045(1)
|
19,672,368
|
|
|
290,000
|
Silk Road Group Holding LLC 7.50%,
09/15/2030(1)(5)
|
288,828
|
|
|
894,250
|
Sprint Spectrum Co. LLC/Sprint
Spectrum Co. II LLC/Sprint
Spectrum Co. III LLC 5.15%,
09/20/2029(1)
|
895,466
|
|
|
1,265,000
|
Stingray Compute LLC 6.00%,
06/15/2031(1)
|
1,234,104
|
|
|
|
Telecom Argentina SA
|
|
|
|
110,000
|
8.50%, 01/20/2036(1)
|
114,758
|
|
|
995,000
|
9.25%, 05/28/2033(1)
|
1,065,925
|
|
|
|
Telecommunications Co. Telekom
Srbija AD Belgrade
|
|
|
|
EUR
710,000
|
7.13%, 05/18/2036(1)
|
830,090
|
|
|
$ 1,385,000
|
7.25%, 05/18/2031(1)
|
1,368,885
|
|
|
325,000
|
7.25%, 05/18/2031(3)
|
321,218
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
4,895,000
|
3.40%, 10/15/2052
|
2,982,642
|
|
|
10,135,000
|
4.38%, 04/15/2040
|
8,560,429
|
|
|
|
Veon Midco BV
|
|
|
|
202,000
|
3.38%, 11/25/2027(3)
|
196,124
|
|
|
530,000
|
9.00%, 07/15/2029(1)
|
552,392
|
|
|
|
Verizon Communications, Inc.
|
|
|
|
16,745,000
|
3.40%, 03/22/2041
|
12,418,103
|
|
|
3,990,000
|
4.75%, 01/15/2033
|
3,864,815
|
|
|
5,205,000
|
6.05%, 05/14/2058, (6.05% fixed
rate until 02/14/2033; 5 yr. USD
CMT + 1.81% thereafter)(8)
|
5,118,230
|
|
|
10,000,000
|
6.20%, 05/14/2056, (6.20% fixed
rate until 02/14/2036; 5 yr. USD
CMT + 2.04% thereafter)(8)
|
9,786,545
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 44.6% - (continued)
|
|||
|
|
Telecommunications - 2.1% - (continued)
|
||
|
$ 1,341,402
|
VF Ukraine PAT via VFU Funding PLC
9.63%, 02/11/2027(3)(6)
|
$1,333,016
|
|
|
215,000
|
Vmed O2 U.K. Financing I PLC
4.75%, 07/15/2031(1)
|
169,968
|
|
|
420,000
|
Vodafone Group PLC 4.80%,
06/18/2031
|
412,513
|
|
|
2,808,000
|
WULF Compute LLC 7.75%,
10/15/2030(1)
|
2,917,419
|
|
|
|
|
|
236,850,123
|
|
|
Transportation - 0.1%
|
||
|
|
Burlington Northern Santa Fe LLC
|
|
|
|
6,215,000
|
4.55%, 09/01/2044
|
5,249,756
|
|
|
3,405,000
|
5.50%, 03/15/2055
|
3,150,143
|
|
|
870,000
|
MTR Corp. CI Ltd. 5.63%,
09/24/2035, (5.63% fixed rate until
09/24/2035; 5 yr. USD CMT +
1.46% thereafter)(3)(7)(8)
|
884,122
|
|
|
|
|
|
9,284,021
|
|
|
Trucking & Leasing - 0.2%
|
||
|
1,822,000
|
DAE Funding LLC 3.38%,
03/20/2028(3)
|
1,754,894
|
|
|
|
Penske Truck Leasing Co. LP/PTL
Finance Corp.
|
|
|
|
6,420,000
|
4.40%, 07/01/2027(1)
|
6,410,653
|
|
|
5,785,000
|
5.25%, 02/01/2030(1)
|
5,805,471
|
|
|
3,620,000
|
6.20%, 06/15/2030(1)
|
3,747,024
|
|
|
|
|
|
17,718,042
|
|
|
Water - 0.0%
|
||
|
885,000
|
Aegea Finance SARL 7.63%,
01/20/2036(1)
|
753,574
|
|
|
|
Total Corporate Bonds
(cost $5,055,611,712)
|
$4,935,896,600
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0%
|
|||
|
|
Angola - 0.1%
|
||
|
|
Angola Government International
Bonds
|
|
|
|
920,000
|
8.00%, 11/26/2029(3)
|
$939,415
|
|
|
1,120,000
|
9.24%, 01/15/2031(1)
|
1,171,535
|
|
|
1,567,000
|
9.24%, 01/15/2031(3)
|
1,637,592
|
|
|
530,000
|
9.88%, 10/15/2035(3)
|
555,315
|
|
|
2,760,000
|
9.88%, 03/31/2037(1)
|
2,859,968
|
|
|
3,497,000
|
9.88%, 03/31/2037(3)
|
3,617,684
|
|
|
|
|
|
10,781,509
|
|
|
Argentina - 0.0%
|
||
|
|
Argentina Republic Government
International Bonds
|
|
|
|
1,375,000
|
3.50%, 07/09/2041(6)
|
1,016,125
|
|
|
485,000
|
4.13%, 07/09/2035(6)
|
383,393
|
|
|
100,000
|
4.13%, 07/09/2035(6)
|
79,050
|
|
|
|
|
|
1,478,568
|
|
|
Armenia - 0.1%
|
||
|
|
Republic of Armenia International
Bonds
|
|
|
|
1,294,000
|
3.60%, 02/02/2031(3)
|
1,180,027
|
|
|
2,005,000
|
6.75%, 03/12/2035(1)
|
2,080,042
|
|
|
4,006,000
|
6.75%, 03/12/2035(3)
|
4,149,008
|
|
|
|
|
|
7,409,077
|
|
|
17
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Bahrain - 0.1%
|
||
|
|
Bahrain Government International
Bonds
|
|
|
|
$ 1,025,000
|
5.25%, 01/25/2033(3)
|
$901,532
|
|
|
2,240,000
|
5.45%, 09/16/2032(3)
|
2,003,262
|
|
|
1,185,000
|
5.63%, 05/18/2034(3)
|
1,038,793
|
|
|
329,000
|
7.00%, 10/12/2028(3)
|
325,663
|
|
|
3,720,000
|
7.10%, 02/03/2038(1)
|
3,451,439
|
|
|
200,000
|
7.10%, 02/03/2038(1)
|
185,127
|
|
|
1,254,000
|
7.38%, 05/14/2030(3)
|
1,240,164
|
|
|
|
|
|
9,145,980
|
|
|
Bermuda - 0.0%
|
||
|
1,110,000
|
Bermuda Government International
Bonds 5.00%, 07/15/2032(3)
|
1,093,350
|
|
|
|
Bolivia - 0.0%
|
||
|
920,000
|
Bolivia Government International
Bonds 9.45%, 05/14/2031(1)
|
931,500
|
|
|
|
Brazil - 0.2%
|
||
|
|
Brazil Government International
Bonds
|
|
|
|
13,818,000
|
4.75%, 01/14/2050
|
9,769,326
|
|
|
125,000
|
4.75%, 01/14/2050
|
88,500
|
|
|
EUR
1,165,000
|
4.88%, 04/23/2033
|
1,318,738
|
|
|
$ 995,000
|
5.00%, 01/27/2045
|
765,155
|
|
|
EUR
575,000
|
5.50%, 04/23/2036
|
652,444
|
|
|
865,000
|
5.50%, 04/23/2036
|
981,502
|
|
|
$ 1,771,000
|
6.63%, 03/15/2035
|
1,784,283
|
|
|
680,000
|
7.25%, 01/12/2056
|
651,440
|
|
|
BRL
9,596,000
|
Brazil Notas do Tesouro Nacional
10.00%, 01/01/2031
|
1,641,579
|
|
|
|
|
|
17,652,967
|
|
|
Bulgaria - 0.1%
|
||
|
|
Bulgaria Government International
Bonds
|
|
|
|
EUR
755,000
|
1.38%, 09/23/2050(3)
|
458,587
|
|
|
1,305,000
|
4.13%, 05/07/2038(3)
|
1,468,574
|
|
|
4,265,000
|
4.13%, 07/18/2045(3)
|
4,553,298
|
|
|
1,817,000
|
4.88%, 05/13/2036(3)
|
2,229,636
|
|
|
$ 2,556,000
|
5.00%, 03/05/2037(3)
|
2,432,096
|
|
|
|
|
|
11,142,191
|
|
|
Cameroon - 0.0%
|
||
|
|
Republic of Cameroon International
Bonds
|
|
|
|
1,735,000
|
8.88%, 01/30/2033(3)
|
1,679,660
|
|
|
910,000
|
8.88%, 01/30/2033(3)
|
880,974
|
|
|
|
|
|
2,560,634
|
|
|
Chile - 0.0%
|
||
|
|
Chile Government International
Bonds
|
|
|
|
EUR
755,000
|
4.00%, 08/03/2034
|
860,616
|
|
|
245,000
|
4.75%, 08/03/2046
|
281,298
|
|
|
|
|
|
1,141,914
|
|
|
Colombia - 0.1%
|
||
|
|
Colombia Government International
Bonds
|
|
|
|
735,000
|
5.00%, 09/19/2032
|
830,066
|
|
|
3,087,000
|
5.63%, 02/19/2036
|
3,473,232
|
|
|
$ 1,804,000
|
7.50%, 02/02/2034
|
1,890,592
|
|
|
COP
4,766,100,000
|
Colombia TES 12.75%, 11/28/2040
|
1,578,941
|
|
|
|
|
|
7,772,831
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Congo - 0.0%
|
||
|
|
Congolese International Bonds
|
|
|
|
$ 800,000
|
9.50%, 02/17/2035(3)
|
$773,284
|
|
|
2,761,000
|
9.50%, 02/17/2035(3)
|
2,668,794
|
|
|
|
|
|
3,442,078
|
|
|
Costa Rica - 0.1%
|
||
|
|
Costa Rica Government International
Bonds
|
|
|
|
EUR
1,250,000
|
5.95%, 04/27/2033(1)
|
1,517,803
|
|
|
$ 3,223,000
|
6.55%, 04/03/2034(3)
|
3,371,258
|
|
|
1,095,000
|
7.16%, 03/12/2045(3)
|
1,161,795
|
|
|
130,000
|
7.16%, 03/12/2045(3)
|
137,930
|
|
|
353,000
|
7.30%, 11/13/2054(1)
|
381,946
|
|
|
|
|
|
6,570,732
|
|
|
Czech Republic - 0.0%
|
||
|
CZK
18,010,000
|
Czech Republic Government Bonds
3.60%, 06/03/2036
|
769,028
|
|
|
|
Dominican Republic - 0.2%
|
||
|
|
Dominican Republic International
Bonds
|
|
|
|
$ 3,772,000
|
4.50%, 01/30/2030(3)
|
3,598,488
|
|
|
4,398,000
|
4.88%, 09/23/2032(3)
|
4,103,334
|
|
|
761,000
|
5.50%, 02/22/2029(3)
|
754,151
|
|
|
300,000
|
5.75%, 03/17/2034(1)
|
289,800
|
|
|
2,190,000
|
5.75%, 03/17/2034(1)
|
2,115,540
|
|
|
1,650,000
|
5.75%, 03/17/2034(3)
|
1,593,900
|
|
|
285,000
|
5.95%, 01/25/2027(3)
|
286,174
|
|
|
557,000
|
6.00%, 07/19/2028(3)
|
560,621
|
|
|
5,090,000
|
6.00%, 02/22/2033(3)
|
5,028,920
|
|
|
|
|
|
18,330,928
|
|
|
Ecuador - 0.1%
|
||
|
|
Ecuador Government International
Bonds
|
|
|
|
8,965,000
|
5.50%, 07/31/2040(3)(6)
|
7,234,934
|
|
|
4,746,000
|
6.90%, 07/31/2035(3)(6)
|
4,266,654
|
|
|
1,529,000
|
8.75%, 01/29/2034(1)
|
1,514,475
|
|
|
870,000
|
9.25%, 01/29/2039(1)
|
865,650
|
|
|
|
|
|
13,881,713
|
|
|
Egypt - 0.0%
|
||
|
1,042,000
|
Egypt Government International
Bonds 7.60%, 03/01/2029(3)
|
1,065,878
|
|
|
|
El Salvador - 0.1%
|
||
|
|
El Salvador Government International
Bonds
|
|
|
|
700,000
|
7.65%, 06/15/2035(3)
|
721,000
|
|
|
994,000
|
8.25%, 04/10/2032(3)
|
1,063,580
|
|
|
2,435,000
|
8.25%, 04/10/2032(3)
|
2,605,450
|
|
|
1,595,000
|
8.63%, 02/28/2029(3)
|
1,672,836
|
|
|
4,362,000
|
9.25%, 04/17/2030(3)
|
4,665,246
|
|
|
1,115,000
|
9.65%, 11/21/2054(3)
|
1,261,400
|
|
|
|
|
|
11,989,512
|
|
|
Ghana - 0.1%
|
||
|
|
Ghana Government International
Bonds
|
|
|
|
1,061,970
|
0.00%, 01/03/2030(2)(3)
|
930,870
|
|
|
190,000
|
1.50%, 01/03/2037(3)
|
109,543
|
|
|
1,245,000
|
5.00%, 07/03/2029(3)(6)
|
1,218,649
|
|
|
4,785,000
|
5.00%, 07/03/2035(3)(6)
|
4,377,950
|
|
|
|
|
|
6,637,012
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Indonesia - 0.0%
|
||
|
EUR
998,000
|
Indonesia Government International
Bonds 5.13%, 05/29/2038
|
$1,148,275
|
|
|
|
Israel - 0.1%
|
||
|
|
Israel Government International
Bonds
|
|
|
|
$ 2,460,000
|
3.88%, 07/03/2050
|
1,700,623
|
|
|
1,240,000
|
4.50%, 01/17/2033
|
1,178,355
|
|
|
620,000
|
5.00%, 01/13/2036
|
594,414
|
|
|
210,000
|
5.00%, 01/13/2036
|
200,962
|
|
|
|
State of Israel
|
|
|
|
565,000
|
3.38%, 01/15/2050
|
360,619
|
|
|
8,389,000
|
3.80%, 05/13/2060(3)
|
5,384,257
|
|
|
|
|
|
9,419,230
|
|
|
Kazakhstan - 0.1%
|
||
|
|
Kazakhstan Government International
Bonds
|
|
|
|
KZT
831,297,000
|
7.90%, 12/20/2038(1)
|
1,135,783
|
|
|
317,540,000
|
10.78%, 08/25/2036(1)
|
541,845
|
|
|
265,387,000
|
14.00%, 05/12/2031(1)
|
544,919
|
|
|
711,749,000
|
14.00%, 02/13/2035(1)
|
1,478,672
|
|
|
995,209,000
|
15.10%, 03/12/2034(1)
|
2,172,428
|
|
|
416,351,000
|
16.95%, 10/09/2030(1)
|
943,581
|
|
|
|
|
|
6,817,228
|
|
|
Mexico - 0.9%
|
||
|
|
Eagle Funding Luxco SARL
|
|
|
|
$ 1,480,000
|
5.50%, 08/17/2030(1)
|
1,477,410
|
|
|
855,000
|
5.50%, 08/17/2030(3)
|
853,504
|
|
|
MXN
14,576,100
|
Mexico Bonos 8.00%, 07/31/2053
|
705,794
|
|
|
|
Mexico Government International
Bonds
|
|
|
|
$ 1,670,000
|
3.50%, 02/12/2034
|
1,395,285
|
|
|
7,197,000
|
3.77%, 05/24/2061
|
4,044,714
|
|
|
5,425,000
|
3.77%, 05/24/2061
|
3,048,850
|
|
|
EUR
1,546,000
|
3.88%, 05/16/2031
|
1,749,638
|
|
|
1,080,000
|
3.88%, 05/16/2031
|
1,222,257
|
|
|
$ 724,000
|
4.28%, 08/14/2041
|
548,430
|
|
|
6,425,000
|
4.40%, 02/12/2052
|
4,365,788
|
|
|
1,040,000
|
4.40%, 02/12/2052
|
706,680
|
|
|
EUR
448,000
|
4.50%, 03/19/2034
|
506,390
|
|
|
$ 542,000
|
4.60%, 01/23/2046
|
398,533
|
|
|
370,000
|
4.60%, 02/10/2048
|
266,585
|
|
|
1,263,000
|
4.75%, 03/22/2031
|
1,223,342
|
|
|
2,880,000
|
4.88%, 05/19/2033
|
2,688,480
|
|
|
8,225,000
|
5.38%, 03/22/2033
|
7,914,917
|
|
|
2,495,000
|
5.38%, 03/22/2033
|
2,400,939
|
|
|
8,068,000
|
5.63%, 02/09/2034
|
7,785,055
|
|
|
2,723,000
|
5.63%, 09/22/2035
|
2,592,296
|
|
|
14,667,000
|
5.63%, 09/22/2035
|
13,962,984
|
|
|
1,810,000
|
5.85%, 07/02/2032
|
1,809,186
|
|
|
11,162,000
|
6.13%, 02/09/2038
|
10,659,710
|
|
|
6,200,000
|
6.13%, 02/09/2038
|
5,921,000
|
|
|
16,495,000
|
6.25%, 08/27/2037
|
16,053,809
|
|
|
1,930,000
|
6.35%, 02/09/2035
|
1,935,790
|
|
|
4,665,000
|
6.63%, 01/29/2038
|
4,634,677
|
|
|
1,096,000
|
6.75%, 02/09/2056
|
1,020,924
|
|
|
1,540,000
|
6.88%, 05/13/2037
|
1,572,263
|
|
|
|
|
|
103,465,230
|
|
|
Mongolia - 0.0%
|
||
|
1,065,000
|
City of Ulaanbaatar Mongolia 7.75%,
08/21/2027(3)
|
1,080,476
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Mongolia - 0.0% - (continued)
|
||
|
|
Mongolia Government International
Bonds
|
|
|
|
$ 266,000
|
3.50%, 07/07/2027(1)
|
$260,375
|
|
|
655,000
|
3.50%, 07/07/2027(3)
|
641,148
|
|
|
|
|
|
1,981,999
|
|
|
Morocco - 0.1%
|
||
|
|
Morocco Government International
Bonds
|
|
|
|
490,000
|
3.00%, 12/15/2032(3)
|
420,144
|
|
|
EUR
1,500,000
|
4.75%, 05/26/2034(1)
|
1,726,680
|
|
|
2,000,000
|
4.75%, 05/26/2034(1)
|
2,302,239
|
|
|
305,000
|
4.75%, 04/02/2035(1)
|
350,434
|
|
|
855,000
|
4.75%, 04/02/2035(3)
|
982,365
|
|
|
935,000
|
5.13%, 05/26/2038(1)
|
1,079,564
|
|
|
|
|
|
6,861,426
|
|
|
Oman - 0.0%
|
||
|
|
Oman Government International
Bonds
|
|
|
|
$ 2,273,000
|
5.63%, 01/17/2028(3)
|
2,288,192
|
|
|
727,000
|
6.50%, 03/08/2047(3)
|
738,587
|
|
|
800,000
|
6.75%, 10/28/2027(3)
|
816,969
|
|
|
617,000
|
6.75%, 01/17/2048(3)
|
642,098
|
|
|
|
|
|
4,485,846
|
|
|
Paraguay - 0.0%
|
||
|
|
Paraguay Government International
Bonds
|
|
|
|
PYG
4,710,000,000
|
8.50%, 04/04/2038(1)
|
752,309
|
|
|
11,997,000,000
|
8.50%, 04/04/2038(3)
|
1,916,230
|
|
|
|
|
|
2,668,539
|
|
|
Peru - 0.1%
|
||
|
|
Peru Government International Bonds
|
|
|
|
$ 1,108,000
|
2.78%, 12/01/2060
|
567,296
|
|
|
170,000
|
3.00%, 01/15/2034
|
143,650
|
|
|
3,779,000
|
5.50%, 03/30/2036
|
3,720,425
|
|
|
1,245,000
|
5.50%, 03/30/2036
|
1,225,703
|
|
|
|
|
|
5,657,074
|
|
|
Philippines - 0.0%
|
||
|
|
Philippines Government International
Bonds
|
|
|
|
755,000
|
5.33%, 06/24/2036
|
738,955
|
|
|
1,735,000
|
5.33%, 06/24/2036
|
1,698,128
|
|
|
|
|
|
2,437,083
|
|
|
Poland - 0.0%
|
||
|
3,725,000
|
Republic of Poland Government
International Bonds 6.13%,
04/14/2056
|
3,580,832
|
|
|
|
Romania - 0.2%
|
||
|
|
Romania Government International
Bonds
|
|
|
|
EUR
482,000
|
2.00%, 04/14/2033(3)
|
450,863
|
|
|
4,100,000
|
2.63%, 12/02/2040(3)
|
3,091,880
|
|
|
4,821,000
|
2.63%, 12/02/2040(3)
|
3,635,599
|
|
|
2,419,000
|
2.88%, 04/13/2042(3)
|
1,819,828
|
|
|
906,000
|
3.38%, 01/28/2050(3)
|
659,214
|
|
|
1,010,000
|
3.88%, 10/29/2035(3)
|
1,017,847
|
|
|
$ 1,776,000
|
4.00%, 02/14/2051(3)
|
1,150,690
|
|
|
EUR
315,000
|
4.63%, 03/04/2033(3)
|
347,706
|
|
|
341,000
|
5.38%, 06/07/2033(3)
|
391,421
|
|
|
690,000
|
5.63%, 05/30/2037(3)
|
770,713
|
|
|
$ 630,000
|
5.75%, 03/24/2035(3)
|
600,674
|
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Romania - 0.2% - (continued)
|
||
|
$ 456,000
|
5.75%, 07/04/2036(3)
|
$428,924
|
|
|
10,296,000
|
5.88%, 01/30/2029(1)
|
10,361,105
|
|
|
1,706,000
|
6.00%, 05/25/2034(3)
|
1,666,161
|
|
|
1,124,000
|
6.63%, 05/16/2036(3)
|
1,128,571
|
|
|
|
|
|
27,521,196
|
|
|
Saudi Arabia - 0.1%
|
||
|
|
Saudi Government International
Bonds
|
|
|
|
6,360,000
|
3.45%, 02/02/2061(3)
|
3,747,930
|
|
|
2,306,000
|
4.50%, 04/22/2060(3)
|
1,691,004
|
|
|
1,170,000
|
5.63%, 01/13/2035(3)
|
1,184,186
|
|
|
|
|
|
6,623,120
|
|
|
Serbia - 0.2%
|
||
|
|
Serbia International Bonds
|
|
|
|
EUR
855,000
|
1.00%, 09/23/2028(3)
|
924,361
|
|
|
2,735,000
|
1.65%, 03/03/2033(3)
|
2,603,094
|
|
|
2,585,000
|
2.05%, 09/23/2036(3)
|
2,287,159
|
|
|
$ 5,701,000
|
2.13%, 12/01/2030(3)
|
4,944,557
|
|
|
EUR
770,000
|
3.13%, 05/15/2027(3)
|
884,429
|
|
|
1,535,000
|
4.25%, 05/06/2031(1)
|
1,745,697
|
|
|
615,000
|
4.75%, 07/20/2032(3)
|
706,781
|
|
|
1,535,000
|
4.88%, 05/06/2038(1)
|
1,722,953
|
|
|
$ 3,595,000
|
6.00%, 06/12/2034(3)
|
3,591,720
|
|
|
1,459,000
|
6.25%, 05/26/2028(3)
|
1,481,993
|
|
|
|
|
|
20,892,744
|
|
|
South Africa - 0.1%
|
||
|
|
Republic of South Africa Government
International Bonds
|
|
|
|
4,035,000
|
7.25%, 12/11/2055(1)
|
3,853,002
|
|
|
1,995,000
|
7.25%, 12/11/2055(3)
|
1,901,629
|
|
|
5,045,000
|
7.95%, 11/19/2054(1)
|
5,239,730
|
|
|
865,000
|
7.95%, 11/19/2054(3)
|
896,580
|
|
|
|
|
|
11,890,941
|
|
|
Sri Lanka - 0.1%
|
||
|
|
Sri Lanka Government International
Bonds
|
|
|
|
4,180,000
|
3.60%, 06/15/2035(3)(6)
|
3,434,663
|
|
|
1,846,000
|
3.60%, 05/15/2036(3)(6)
|
1,846,646
|
|
|
569,567
|
3.60%, 02/15/2038(1)(6)
|
572,985
|
|
|
3,944,000
|
3.60%, 02/15/2038(3)(6)
|
3,967,672
|
|
|
|
|
|
9,821,966
|
|
|
Turkey - 0.3%
|
||
|
1,800,000
|
Hazine Mustesarligi Varlik Kiralama
AS 6.70%, 07/02/2032(1)
|
1,788,526
|
|
|
|
Turkiye Government International
Bonds
|
|
|
|
3,235,000
|
5.25%, 03/13/2030
|
3,102,840
|
|
|
2,995,000
|
6.38%, 05/22/2031
|
2,943,192
|
|
|
2,884,000
|
6.50%, 01/03/2035
|
2,752,393
|
|
|
1,476,000
|
6.95%, 09/16/2035
|
1,439,648
|
|
|
4,156,000
|
7.13%, 02/12/2032
|
4,176,317
|
|
|
6,270,000
|
7.13%, 07/17/2032
|
6,289,823
|
|
|
2,727,000
|
7.25%, 05/29/2032
|
2,748,524
|
|
|
1,043,000
|
7.63%, 05/15/2034
|
1,068,426
|
|
|
4,812,000
|
9.38%, 03/14/2029
|
5,177,727
|
|
|
|
|
|
31,487,416
|
|
|
Ukraine - 0.2%
|
||
|
|
Ukraine Government International
Bonds
|
|
|
|
274,205
|
0.00%, 02/01/2030(1)(6)
|
200,403
|
|
|
760,000
|
0.00%, 02/01/2030(3)(6)
|
555,043
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 4.0% - (continued)
|
|||
|
|
Ukraine - 0.2% - (continued)
|
||
|
$ 2,157,057
|
0.00%, 02/01/2034(1)(6)
|
$1,222,715
|
|
|
2,971,000
|
0.00%, 02/01/2034(1)(6)
|
1,681,384
|
|
|
9,984,000
|
3.00%, 02/01/2034(3)(6)
|
5,650,264
|
|
|
1,640,884
|
3.00%, 02/01/2035(3)(6)
|
976,457
|
|
|
481,100
|
3.00%, 02/01/2036(3)(6)
|
286,918
|
|
|
3,816,000
|
4.50%, 02/01/2029(3)(6)
|
3,246,174
|
|
|
3,349,661
|
4.50%, 02/01/2034(1)(6)
|
2,330,795
|
|
|
5,553,837
|
4.50%, 02/01/2035(1)(6)
|
3,817,537
|
|
|
4,475,000
|
4.50%, 02/01/2035(3)(6)
|
3,071,168
|
|
|
2,304,835
|
4.50%, 02/01/2036(1)(6)
|
1,565,512
|
|
|
|
|
|
24,604,370
|
|
|
United Arab Emirates - 0.0%
|
||
|
7,425,000
|
Emirate of Dubai Government
International Bonds 3.90%,
09/09/2050(3)
|
4,980,268
|
|
|
|
Uruguay - 0.0%
|
||
|
|
Uruguay Government International
Bonds
|
|
|
|
UYU
16,775,000
|
8.00%, 10/29/2035
|
421,093
|
|
|
15,999,000
|
8.00%, 10/29/2035
|
401,614
|
|
|
|
|
|
822,707
|
|
|
Venezuela - 0.2%
|
||
|
|
Venezuela Government International
Bonds
|
|
|
|
$ 1,015,000
|
7.00%, 12/01/2018(3)(9)
|
438,988
|
|
|
1,296,000
|
7.00%, 03/31/2038(3)(9)
|
561,816
|
|
|
23,634,000
|
7.65%, 04/21/2025(3)(9)
|
10,588,268
|
|
|
4,765,000
|
7.75%, 10/13/2019(3)(9)
|
2,186,988
|
|
|
10,875,200
|
9.00%, 05/07/2023(3)(9)
|
5,220,096
|
|
|
1,255,000
|
11.75%, 10/21/2026(3)(9)
|
683,975
|
|
|
1,647,000
|
11.75%, 10/21/2026(3)(9)
|
897,615
|
|
|
900,000
|
11.95%, 08/05/2031(3)(9)
|
490,050
|
|
|
|
|
|
21,067,796
|
|
|
Total Foreign Government
Obligations
(cost $434,775,852)
|
|
$442,032,688
|
|
MUNICIPAL BONDS - 0.2%
|
|||
|
|
General - 0.0%
|
||
|
3,930,000
|
Sales Tax Securitization Corp., IL,
Rev 4.64%, 01/01/2040
|
$3,760,181
|
|
|
|
General Obligation - 0.2%
|
||
|
7,731,500
|
City of New York, NY, GO 4.61%,
09/01/2037
|
7,280,577
|
|
|
13,683,137
|
State of Illinois, IL, GO 5.10%,
06/01/2033
|
13,684,358
|
|
|
|
|
|
20,964,935
|
|
|
Total Municipal Bonds
(cost $25,420,290)
|
|
$24,725,116
|
|
SENIOR FLOATING RATE INTERESTS - 0.1%(12)
|
|||
|
|
Chemicals - 0.0%
|
||
|
700,000
|
BASF Coatings Ltd. 7.24%,
06/29/2033, 3 mo. USD Term
SOFR + 3.50%
|
$702,751
|
|
|
|
Healthcare - Products - 0.0%
|
||
|
735,223
|
Bausch & Lomb Corp. 7.48%,
01/15/2031, 1 mo. USD Term
SOFR + 3.75%
|
737,061
|
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SENIOR FLOATING RATE INTERESTS - 0.1%(12) - (continued)
|
|||
|
|
Insurance - 0.0%
|
||
|
$ 641,515
|
HUB International Ltd. 5.98%,
06/20/2030, 3 mo. USD Term
SOFR + 2.25%
|
$641,746
|
|
|
|
Internet - 0.0%
|
||
|
3,045,000
|
Proofpoint, Inc. 8.17%, 08/30/2030,
3 mo. USD Term SOFR + 4.50%
|
2,989,825
|
|
|
|
IT Services - 0.1%
|
||
|
3,552,463
|
McAfee LLC 6.73%, 03/01/2029,
1 mo. USD Term SOFR + 3.00%
|
3,203,575
|
|
|
|
Packaging & Containers - 0.0%
|
||
|
1,952,000
|
Clydesdale Acquisition Holdings, Inc.
6.91%, 04/13/2029, 1 mo. USD
Term SOFR + 3.18%
|
1,904,176
|
|
|
|
Pharmaceuticals - 0.0%
|
||
|
748,111
|
Bausch Health Cos., Inc. 9.98%,
10/08/2030, 1 mo. USD Term
SOFR + 6.25%
|
724,987
|
|
|
|
Retail - 0.0%
|
||
|
1,851,167
|
Specialty Building Products
Holdings LLC 7.58%, 10/16/2028,
1 mo. USD Term SOFR + 3.75%
|
1,721,585
|
|
|
|
Software - 0.0%
|
||
|
275,000
|
CoreWeave Financing DDTL V LLC
3.81%, 11/17/2031, 1 mo. USD
Term SOFR + 4.50%(13)
|
274,313
|
|
|
1,800,000
|
Dayforce, Inc. 6.82%, 02/04/2033,
3 mo. USD Term SOFR + 3.00%
|
1,673,352
|
|
|
|
|
|
1,947,665
|
|
|
Total Senior Floating Rate Interests
(cost $15,103,608)
|
$14,573,371
|
|
|
U.S. GOVERNMENT SECURITIES - 4.0%
|
|||
|
|
U.S. Treasury Securities - 4.0%
|
||
|
|
U.S. Treasury Bonds - 2.9%
|
||
|
11,693,000
|
1.13%, 05/15/2040
|
$7,133,643
|
|
|
6,220,000
|
1.75%, 08/15/2041
|
4,007,527
|
|
|
3,202,000
|
1.88%, 11/15/2051
|
1,664,665
|
|
|
29,815,000
|
2.00%, 02/15/2050
|
16,484,434
|
|
|
42,830,000
|
2.25%, 08/15/2046
|
26,651,636
|
|
|
14,205,000
|
2.25%, 08/15/2049
|
8,390,383
|
|
|
19,790,000
|
2.38%, 05/15/2051
|
11,744,128
|
|
|
40,170,000
|
2.50%, 05/15/2046
|
26,353,717
|
|
|
4,535,000
|
2.88%, 05/15/2049
|
3,066,971
|
|
|
9,040,000
|
3.00%, 02/15/2048
|
6,347,775
|
|
|
19,800,000
|
3.00%, 08/15/2048
|
13,825,969
|
|
|
4,400,000
|
3.13%, 05/15/2048
|
3,152,187
|
|
|
1,465,000
|
3.50%, 02/15/2039
|
1,280,273
|
|
|
106,045,000
|
3.63%, 02/15/2053
|
80,656,336
|
|
|
12,805,000
|
4.13%, 08/15/2053(14)(15)
|
10,647,157
|
|
|
2,905,000
|
4.63%, 02/15/2040
|
2,804,800
|
|
|
21,755,000
|
4.63%, 11/15/2045
|
20,055,391
|
|
|
50,075,000
|
4.63%, 02/15/2046
|
46,131,594
|
|
|
24,530,000
|
4.88%, 08/15/2045
|
23,376,323
|
|
|
14,455,000
|
5.00%, 05/15/2046
|
13,982,954
|
|
|
420,000
|
5.00%, 05/15/2056
|
403,988
|
|
|
|
|
|
328,161,851
|
|
|
U.S. Treasury Notes - 1.1%
|
||
|
2,510,000
|
3.75%, 10/31/2032
|
2,405,384
|
|
|
11,985,000
|
3.75%, 02/28/2033
|
11,453,166
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 4.0% - (continued)
|
|||
|
|
U.S. Treasury Securities - 4.0% - (continued)
|
||
|
|
U.S. Treasury Notes - 1.1% - (continued)
|
||
|
$ 4,585,000
|
3.88%, 05/15/2029
|
$4,530,553
|
|
|
1,275,000
|
3.88%, 08/15/2034
|
1,210,603
|
|
|
34,975,000
|
4.00%, 03/31/2030
|
34,530,981
|
|
|
43,520,000
|
4.13%, 07/15/2029
|
43,275,200
|
|
|
2,240,000
|
4.13%, 11/30/2029
|
2,223,812
|
|
|
80,000
|
4.13%, 02/15/2036
|
76,450
|
|
|
6,595,000
|
4.25%, 03/31/2033
|
6,483,194
|
|
|
3,390,000
|
4.25%, 08/15/2035
|
3,282,341
|
|
|
6,555,000
|
4.38%, 07/31/2031
|
6,540,149
|
|
|
3,365,000
|
4.38%, 05/15/2036
|
3,276,669
|
|
|
|
|
|
119,288,502
|
|
|
Total U.S. Government
Securities
(cost $460,794,025)
|
|
$447,450,353
|
|
COMMON STOCKS - 44.5%
|
|||
|
|
Banks - 2.2%
|
||
|
1,202,017
|
Bank of America Corp.
|
$74,464,953
|
|
|
5,649,097
|
Huntington Bancshares, Inc.
|
96,260,613
|
|
|
314,304
|
M&T Bank Corp.
|
77,409,932
|
|
|
|
|
|
248,135,498
|
|
|
Capital Goods - 4.7%
|
||
|
1,993,638
|
BAE Systems PLC
|
56,438,557
|
|
|
142,147
|
Eaton Corp. PLC
|
59,019,434
|
|
|
412,902
|
Emerson Electric Co.
|
61,860,978
|
|
|
292,820
|
Ferguson Enterprises, Inc.
|
68,616,511
|
|
|
268,709
|
Honeywell Aerospace, Inc.*
|
55,552,899
|
|
|
287,525
|
Johnson Controls International PLC
|
42,168,416
|
|
|
180,357
|
L3Harris Technologies, Inc.
|
49,969,710
|
|
|
62,245
|
Northrop Grumman Corp.
|
33,766,668
|
|
|
297,981
|
PACCAR, Inc.
|
39,536,119
|
|
|
710,216
|
Sunbelt Rentals Holdings, Inc.
|
50,884,278
|
|
|
|
|
|
517,813,570
|
|
|
Commercial & Professional Services - 0.6%
|
||
|
254,867
|
Automatic Data Processing, Inc.
|
67,911,861
|
|
|
|
Consumer Discretionary Distribution & Retail - 1.1%
|
||
|
292,237
|
Dick's Sporting Goods, Inc.(5)
|
57,252,150
|
|
|
972,689
|
Industria de Diseno Textil SA
|
63,481,188
|
|
|
|
|
|
120,733,338
|
|
|
Consumer Services - 0.2%
|
||
|
116,251
|
Darden Restaurants, Inc.
|
23,666,379
|
|
|
|
Energy - 2.6%
|
||
|
550,266
|
Diamondback Energy, Inc.
|
111,676,485
|
|
|
924,238
|
EQT Corp.
|
49,252,643
|
|
|
174,368
|
Targa Resources Corp.
|
47,143,876
|
|
|
1,039,942
|
Williams Cos., Inc.
|
74,397,450
|
|
|
|
|
|
282,470,454
|
|
|
Equity Real Estate Investment Trusts (REITs) - 3.3%
|
||
|
1,145,856
|
Crown Castle, Inc. REIT
|
87,428,813
|
|
|
1,899,790
|
Gaming & Leisure Properties, Inc.
REIT
|
85,091,594
|
|
|
282,074
|
Iron Mountain, Inc. REIT
|
34,503,292
|
|
|
304,019
|
Lamar Advertising Co. Class A, REIT
|
48,630,879
|
|
|
443,249
|
Sun Communities, Inc. REIT
|
54,732,386
|
|
|
2,174,992
|
Weyerhaeuser Co. REIT
|
54,440,050
|
|
|
|
|
|
364,827,014
|
|
|
Financial Services - 4.6%
|
||
|
124,544
|
Ardagh Holdings SA*
|
773,813
|
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 44.5% - (continued)
|
|||
|
|
Financial Services - 4.6% - (continued)
|
||
|
429,218
|
Ares Management Corp. Class A
|
$54,978,534
|
|
|
298,568
|
Capital One Financial Corp.
|
62,403,698
|
|
|
417,660
|
Charles Schwab Corp.
|
43,954,538
|
|
|
294,900
|
CME Group, Inc.
|
78,971,271
|
|
|
465,920
|
Intercontinental Exchange, Inc.
|
71,043,482
|
|
|
723,767
|
Nasdaq, Inc.
|
68,171,614
|
|
|
400,042
|
Raymond James Financial, Inc.
|
70,399,391
|
|
|
1,237,231
|
TPG, Inc.
|
54,017,505
|
|
|
|
|
|
504,713,846
|
|
|
Food, Beverage & Tobacco - 2.2%
|
||
|
619,773
|
Archer-Daniels-Midland Co.
|
49,129,406
|
|
|
168,380
|
Constellation Brands, Inc. Class A
|
21,928,128
|
|
|
2,559,884
|
Keurig Dr. Pepper, Inc.
|
79,663,590
|
|
|
35,596
|
Luxco Co. Ltd.*
|
680,896
|
|
|
526,176
|
Pernod Ricard SA
|
41,006,626
|
|
|
287,110
|
Philip Morris International, Inc.
|
54,786,330
|
|
|
|
|
|
247,194,976
|
|
|
Health Care Equipment & Services - 2.6%
|
||
|
343,371
|
Becton Dickinson & Co.
|
56,869,105
|
|
|
206,293
|
Cardinal Health, Inc.
|
47,453,579
|
|
|
721,952
|
CVS Health Corp.
|
75,393,447
|
|
|
211,683
|
Elevance Health, Inc.
|
79,558,939
|
|
|
76,693
|
UnitedHealth Group, Inc.
|
31,781,579
|
|
|
|
|
|
291,056,649
|
|
|
Household & Personal Products - 1.3%
|
||
|
435,824
|
Kimberly-Clark Corp.
|
47,639,921
|
|
|
1,572,287
|
Unilever PLC ADR
|
99,698,719
|
|
|
|
|
|
147,338,640
|
|
|
Insurance - 1.8%
|
||
|
883,945
|
American International Group, Inc.
|
69,460,398
|
|
|
371,575
|
Marsh & McLennan Cos., Inc.
|
70,484,062
|
|
|
258,741
|
Progressive Corp.
|
54,703,022
|
|
|
|
|
|
194,647,482
|
|
|
Materials - 1.3%
|
||
|
288,683
|
Avery Dennison Corp.
|
48,998,166
|
|
|
744,444
|
Freeport-McMoRan, Inc.
|
46,624,528
|
|
|
369,731
|
Nutrien Ltd.
|
25,537,320
|
|
|
200,620
|
PPG Industries, Inc.
|
22,172,522
|
|
|
|
|
|
143,332,536
|
|
|
Media & Entertainment - 0.6%
|
||
|
704,567
|
Walt Disney Co.
|
67,772,300
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 4.3%
|
||
|
382,905
|
AstraZeneca PLC
|
64,956,004
|
|
|
44,514
|
Eli Lilly & Co.
|
51,139,464
|
|
|
481,496
|
Gilead Sciences, Inc.
|
62,695,594
|
|
|
273,247
|
Johnson & Johnson
|
70,046,868
|
|
|
814,148
|
Merck & Co., Inc.
|
106,002,070
|
|
|
1,540,834
|
Pfizer, Inc.
|
38,536,258
|
|
|
133,128
|
Roche Holding AG
|
58,189,234
|
|
|
384,202
|
Zoetis, Inc.
|
29,694,973
|
|
|
|
|
|
481,260,465
|
|
|
Semiconductors & Semiconductor Equipment - 2.4%
|
||
|
222,738
|
Broadcom, Inc.
|
86,707,449
|
|
|
289,282
|
NVIDIA Corp.
|
58,073,361
|
|
|
286,122
|
NXP Semiconductors NV
|
65,567,718
|
|
|
123,277
|
Taiwan Semiconductor Manufacturing
Co. Ltd. ADR
|
49,834,727
|
|
|
|
|
|
260,183,255
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 44.5% - (continued)
|
|||
|
|
Software & Services - 2.6%
|
||
|
623,167
|
Microsoft Corp.
|
$289,598,168
|
|
|
|
Technology Hardware & Equipment - 2.1%
|
||
|
436,092
|
Cisco Systems, Inc.
|
50,582,311
|
|
|
424,528
|
NetApp, Inc.
|
75,778,248
|
|
|
509,878
|
TE Connectivity PLC
|
104,876,806
|
|
|
|
|
|
231,237,365
|
|
|
Telecommunication Services - 0.6%
|
||
|
382,607
|
T-Mobile U.S., Inc.
|
66,080,055
|
|
|
|
Utilities - 3.4%
|
||
|
578,764
|
American Electric Power Co., Inc.
|
73,994,977
|
|
|
389,367
|
American Water Works Co., Inc.
|
52,241,370
|
|
|
284,983
|
Atmos Energy Corp.
|
49,239,363
|
|
|
641,700
|
CMS Energy Corp.
|
46,195,983
|
|
|
697,209
|
Dominion Energy, Inc.
|
48,225,946
|
|
|
1,345,932
|
PPL Corp.
|
47,390,266
|
|
|
621,901
|
Sempra
|
55,069,334
|
|
|
|
|
|
372,357,239
|
|
|
Total Common Stocks
(cost $4,066,530,204)
|
|
$4,922,331,090
|
|
PREFERRED STOCKS - 0.1%
|
|||
|
|
Banks - 0.1%
|
||
|
395,000
|
Bank of America Corp. Series PP,
4.13%(5)(16)
|
$6,414,800
|
|
|
|
Software & Services - 0.0%
|
||
|
22,892
|
Oracle Corp. Series D, 6.50%(5)
|
958,717
|
|
|
|
Total Preferred Stocks
(cost $10,949,491)
|
|
$7,373,517
|
|
|
Total Long-Term Investments
(cost $10,079,903,447)
|
|
$10,804,983,506
|
|
SHORT-TERM INVESTMENTS - 1.8%
|
|||
|
|
Repurchase Agreements - 0.4%
|
||
|
$ 43,275,327
|
Fixed Income Clearing Corp.
Repurchase Agreement dated
07/31/2026 at 3.64%, due on
08/03/2026 with a maturity value
of $43,288,454; collateralized by
U.S. Treasury Note at 4.25%,
maturing 07/31/2028, with a
market value of $44,140,853
|
$43,275,327
|
|
|
|
Securities Lending Collateral - 1.1%
|
||
|
126,283,410
|
State Street Navigator Securities
Lending Government Money
Market Portfolio, 3.63%(17)
|
126,283,410
|
|
|
|
U.S. Treasury Securities - 0.3%
|
||
|
|
U.S. Treasury Bills - 0.3%
|
||
|
19,385,000
|
3.75%, 10/27/2026(18)
|
19,217,458
|
|
|
8,435,000
|
3.82%, 11/03/2026(18)
|
8,355,574
|
|
|
|
|
|
27,573,032
|
|
|
Total Short-Term Investments
(cost $197,119,592)
|
$197,131,769
|
|
|
|
Total Investments
(cost $10,277,023,039)
|
99.4
%
|
$11,002,115,275
|
|
|
Other Assets and Liabilities
|
0.6
%
|
69,865,558
|
|
|
Net Assets
|
100.0
%
|
$11,071,980,833
|
|
|
22
|
|
|
*
|
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 July 31, 2026, the aggregate value of these securities was
$1,684,238,935, representing 15.2% of net assets.
|
|
(2)
|
Security is a zero-coupon bond.
|
|
(3)
|
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 July 31, 2026, the aggregate value
of these securities was $341,506,913, representing 3.1% of net assets.
|
|
(4)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
|
(5)
|
Represents entire or partial securities on loan.
|
|
(6)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(7)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(8)
|
Variable or floating rate securities. Interest rate resets periodically. The rate
shown
is the effective interest rate as of period end. Security description also includes
the
reference rate and spread if published and available. Variable rate securities with
a
floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain
variable rate securities are not based on a published reference rate and spread but
are determined by the issuer or agent and are based on current market conditions;
these securities do not indicate a reference rate and spread in the description. For
fixed to variable securities, the rate remains fixed until designated date stated
in
security description.
|
|
(9)
|
Non-income producing. For long-term debt securities, items identified are in default
as to payment of interest and/or principal.
|
|
(10)
|
Investment valued using significant unobservable inputs.
|
|
(11)
|
Share amount represents shares of the issuer previously held that resulted in
receipt of the escrow.
|
|
(12)
|
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 July 31, 2026.
|
|
(13)
|
This security, or a portion of this security, has unfunded loan commitments. As of
July 31, 2026, the aggregate value of the unfunded commitment was $274,313,
which represents to 0.0% of total net assets.
|