|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.3%
|
|||
|
|
Asset-Backed - Automobile - 0.2%
|
||
|
$ 273,331
|
CFMT LLC 1.39%, 09/22/2031(1)
|
$269,346
|
|
|
1,327,109
|
Enterprise Fleet Financing LLC 6.40%,
03/20/2030(1)
|
1,348,153
|
|
|
44,485
|
SFS Auto Receivables Securitization Trust 5.89%,
03/22/2027(1)
|
44,524
|
|
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
1,320,000
|
4.87%, 06/21/2039(1)
|
1,324,386
|
|
|
905,686
|
6.46%, 08/18/2038(1)
|
918,511
|
|
|
|
|
|
3,904,920
|
|
|
Asset-Backed - Student Loan - 0.1%
|
||
|
1,201,543
|
Navient Private Education Refi Loan Trust 5.51%,
10/15/2071(1)
|
1,222,226
|
|
|
|
Commercial Mortgage-Backed Securities - 0.3%
|
||
|
4,225,071
|
RFR Trust 5.56%, 03/11/2041(1)(2)
|
4,255,392
|
|
|
|
Other Asset-Backed Securities - 0.5%
|
||
|
5,800
|
AASET Trust 3.84%, 05/15/2039(1)
|
5,626
|
|
|
|
Castlelake Aircraft Structured Trust
|
|
|
|
66,091
|
3.47%, 01/15/2046(1)
|
63,850
|
|
|
298,387
|
3.97%, 04/15/2039(1)
|
280,488
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
772,807
|
1.53%, 03/15/2061(1)
|
738,647
|
|
|
410,193
|
1.69%, 07/15/2060(1)
|
404,778
|
|
|
195,426
|
5.97%, 08/15/2062(1)
|
196,214
|
|
|
1,320,115
|
Home Partners of America Trust 2.30%,
12/17/2026(1)
|
1,254,869
|
|
|
97,764
|
Horizon Aircraft Finance II Ltd. 3.72%,
07/15/2039(1)
|
93,853
|
|
|
186,060
|
Horizon Aircraft Finance III Ltd. 3.43%,
11/15/2039(1)
|
177,502
|
|
|
1,155,000
|
Kubota Credit Owner Trust 5.28%, 01/18/2028(1)
|
1,165,646
|
|
|
87,978
|
MACH 1 Cayman Ltd. 3.47%, 10/15/2039(1)
|
84,687
|
|
|
55,619
|
MAPS Ltd. 4.46%, 03/15/2044(1)
|
53,814
|
|
|
520,000
|
New Economy Assets - Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
485,258
|
|
|
2,572,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
2,543,168
|
|
|
115,805
|
Start II Ltd. 4.09%, 03/15/2044(1)
|
114,655
|
|
|
|
|
|
7,663,055
|
|
|
Whole Loan Collateral CMO - 0.2%
|
||
|
31,224
|
Angel Oak Mortgage Trust 2.62%, 11/25/2059(1)(2)
|
30,586
|
|
|
337,985
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust 3.50%, 10/25/2058
|
323,501
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
201,946
|
5.89%, 10/25/2041, 30 day USD SOFR
Average + 1.55%(1)(3)
|
202,136
|
|
|
67,911
|
10.35%, 10/25/2028, 30 day USD SOFR
Average + 6.01%(3)
|
70,363
|
|
|
|
Flagstar Mortgage Trust
|
|
|
|
513,784
|
2.00%, 09/25/2041(1)(2)
|
451,143
|
|
|
239,384
|
4.00%, 05/25/2048(1)(2)
|
223,260
|
|
|
160,258
|
MetLife Securitization Trust 3.00%,
04/25/2055(1)(2)
|
152,217
|
|
|
11,825
|
Mill City Mortgage Loan Trust 2.75%,
01/25/2061(1)(2)
|
11,773
|
|
|
2,040,000
|
PRET Trust 4.00%, 08/25/2064(1)(4)
|
1,947,257
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.3% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 0.2% - (continued)
|
||
|
|
Towd Point Mortgage Trust
|
|
|
|
$ 113,903
|
2.75%, 06/25/2057(1)(2)
|
$110,680
|
|
|
34,795
|
3.00%, 01/25/2058(1)(2)
|
34,245
|
|
|
|
|
|
3,557,161
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $20,441,184)
|
$20,602,754
|
|
|
CORPORATE BONDS - 11.4%
|
|||
|
|
Aerospace & Defense - 0.2%
|
||
|
|
Boeing Co.
|
|
|
|
993,000
|
5.81%, 05/01/2050
|
$945,317
|
|
|
1,915,000
|
6.86%, 05/01/2054
|
2,080,065
|
|
|
560,000
|
Lockheed Martin Corp. 4.85%, 09/15/2041
|
523,615
|
|
|
|
|
|
3,548,997
|
|
|
Airlines - 0.0%
|
||
|
67,044
|
United Airlines Pass-Through Trust 4.60%,
09/01/2027
|
66,160
|
|
|
|
Commercial Banks - 2.9%
|
||
|
1,200,000
|
Banco Santander SA 5.37%, 07/15/2028, (5.37%
fixed rate until 07/15/2027; 1 yr. USD CMT +
0.95% thereafter)(5)
|
1,217,353
|
|
|
|
Bank of America Corp.
|
|
|
|
1,610,000
|
3.59%, 07/21/2028, (3.59% fixed rate until
07/21/2027; 3 mo. USD Term SOFR +
1.63% thereafter)(5)
|
1,575,527
|
|
|
2,280,000
|
5.16%, 01/24/2031, (5.16% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.00%
thereafter)(5)
|
2,311,427
|
|
|
2,239,000
|
5.82%, 09/15/2029, (5.82% fixed rate until
09/15/2028; 6 mo. USD SOFR + 1.57%
thereafter)(5)
|
2,320,327
|
|
|
574,000
|
5.87%, 09/15/2034, (5.87% fixed rate until
09/15/2033; 6 mo. USD SOFR + 1.84%
thereafter)(5)
|
598,998
|
|
|
2,794,000
|
Banque Federative du Credit Mutuel SA 5.54%,
01/22/2030(1)
|
2,878,040
|
|
|
960,000
|
Barclays PLC 5.09%, 02/25/2029, (5.09% fixed
rate until 02/25/2028; 6 mo. USD SOFR +
0.96% thereafter)(5)
|
966,806
|
|
|
1,450,000
|
BPCE SA 5.88%, 01/14/2031, (5.88% fixed rate
until 01/14/2030; 6 mo. USD SOFR + 1.68%
thereafter)(1)(5)
|
1,484,942
|
|
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
1,210,000
|
4.51%, 09/11/2027, (4.51% fixed rate until
09/11/2026; 6 mo. USD SOFR + 0.93%
thereafter)(5)
|
1,208,639
|
|
|
1,430,000
|
4.63%, 09/11/2030, (4.63% fixed rate until
09/11/2029; 6 mo. USD SOFR + 1.34%
thereafter)(5)
|
1,417,473
|
|
|
1,460,000
|
5.24%, 06/28/2027
|
1,481,737
|
|
|
455,000
|
Citizens Financial Group, Inc. 5.84%, 01/23/2030,
(5.84% fixed rate until 01/23/2029; 6 mo. USD
SOFR + 2.01% thereafter)(5)
|
467,358
|
|
|
2,505,000
|
Commonwealth Bank of Australia 5.07%,
09/14/2028(1)
|
2,570,626
|
|
|
|
Credit Agricole SA
|
|
|
|
1,540,000
|
4.63%, 09/11/2028, (4.63% fixed rate until
09/11/2027; 6 mo. USD SOFR + 1.21%
thereafter)(1)(5)
|
1,535,507
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Commercial Banks - 2.9% - (continued)
|
||
|
$ 2,733,000
|
6.32%, 10/03/2029, (6.32% fixed rate until
10/03/2028; 6 mo. USD SOFR + 1.86%
thereafter)(1)(5)
|
$2,856,667
|
|
|
1,150,000
|
Goldman Sachs Group, Inc. 6.25%, 02/01/2041
|
1,212,781
|
|
|
720,000
|
HSBC Holdings PLC 4.90%, 03/03/2029, (4.90%
fixed rate until 03/03/2028; 6 mo. USD SOFR +
1.03% thereafter)(5)
|
721,690
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
620,000
|
2.52%, 04/22/2031, (2.52% fixed rate until
04/22/2030; 6 mo. USD SOFR + 2.04%
thereafter)(5)
|
556,338
|
|
|
390,000
|
3.11%, 04/22/2041, (3.11% fixed rate until
04/22/2040; 3 mo. USD Term SOFR +
2.46% thereafter)(5)
|
294,510
|
|
|
705,000
|
3.70%, 05/06/2030, (3.70% fixed rate until
05/06/2029; 3 mo. USD Term SOFR +
1.42% thereafter)(5)
|
678,398
|
|
|
805,000
|
4.45%, 12/05/2029, (4.45% fixed rate until
12/05/2028; 3 mo. USD Term SOFR +
1.59% thereafter)(5)
|
799,402
|
|
|
930,000
|
5.14%, 01/24/2031, (5.14% fixed rate until
01/24/2030; 6 mo. USD SOFR + 0.90%
thereafter)(5)
|
944,504
|
|
|
705,000
|
5.50%, 01/24/2036, (5.50% fixed rate until
01/24/2035; 6 mo. USD SOFR + 1.32%
thereafter)(5)
|
720,186
|
|
|
1,110,000
|
Lloyds Banking Group PLC 5.09%, 11/26/2028,
(5.09% fixed rate until 11/26/2027; 1 yr. USD
CMT + 0.85% thereafter)(5)
|
1,121,006
|
|
|
|
Morgan Stanley
|
|
|
|
925,000
|
5.23%, 01/15/2031, (5.23% fixed rate until
01/15/2030; 6 mo. USD SOFR + 1.11%
thereafter)(5)
|
940,049
|
|
|
790,000
|
5.47%, 01/18/2035, (5.47% fixed rate until
01/18/2034; 6 mo. USD SOFR + 1.73%
thereafter)(5)
|
799,343
|
|
|
795,000
|
5.59%, 01/18/2036, (5.59% fixed rate until
01/18/2035; 6 mo. USD SOFR + 1.42%
thereafter)(5)
|
811,908
|
|
|
|
Standard Chartered PLC
|
|
|
|
1,205,000
|
5.01%, 10/15/2030, (5.01% fixed rate until
10/15/2029; 1 yr. USD CMT + 1.15%
thereafter)(1)(5)
|
1,202,990
|
|
|
1,025,000
|
5.55%, 01/21/2029, (5.55% fixed rate until
01/21/2028; 1 yr. USD CMT + 1.05%
thereafter)(1)(5)
|
1,042,885
|
|
|
2,737,000
|
UBS AG 7.50%, 02/15/2028
|
2,947,401
|
|
|
1,050,000
|
UBS Group AG 6.30%, 09/22/2034, (6.30% fixed
rate until 09/22/2033; 1 yr. USD CMT + 2.00%
thereafter)(1)(5)
|
1,116,138
|
|
|
|
Wells Fargo & Co.
|
|
|
|
1,750,000
|
4.61%, 04/25/2053, (4.61% fixed rate until
04/25/2052; 6 mo. USD SOFR + 2.13%
thereafter)(5)
|
1,484,899
|
|
|
1,000,000
|
5.24%, 01/24/2031, (5.24% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.11%
thereafter)(5)
|
1,016,764
|
|
|
1,665,000
|
6.30%, 10/23/2029, (6.30% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.79%
thereafter)(5)
|
1,750,820
|
|
|
|
|
|
45,053,439
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Commercial Services - 0.2%
|
||
|
|
Ashtead Capital, Inc.
|
|
|
|
$ 2,285,000
|
2.45%, 08/12/2031(1)
|
$1,941,815
|
|
|
600,000
|
5.50%, 08/11/2032(1)
|
597,781
|
|
|
380,000
|
5.55%, 05/30/2033(1)
|
376,964
|
|
|
470,000
|
5.80%, 04/15/2034(1)
|
472,773
|
|
|
475,000
|
5.95%, 10/15/2033(1)
|
481,887
|
|
|
|
|
|
3,871,220
|
|
|
Construction Materials - 0.1%
|
||
|
1,340,000
|
CRH SMW Finance DAC 5.13%, 01/09/2030
|
1,355,786
|
|
|
|
Diversified Financial Services - 0.7%
|
||
|
1,715,000
|
Aviation Capital Group LLC 1.95%, 09/20/2026(1)
|
1,647,132
|
|
|
2,615,000
|
Blackstone Holdings Finance Co. LLC 2.55%,
03/30/2032(1)
|
2,228,518
|
|
|
|
Capital One Financial Corp.
|
|
|
|
455,000
|
5.70%, 02/01/2030, (5.70% fixed rate until
02/01/2029; 6 mo. USD SOFR + 1.91%
thereafter)(5)
|
464,783
|
|
|
1,532,000
|
5.88%, 07/26/2035, (5.88% fixed rate until
07/26/2034; 6 mo. USD SOFR + 1.99%
thereafter)(5)
|
1,546,748
|
|
|
175,000
|
6.05%, 02/01/2035, (6.05% fixed rate until
02/01/2034; 6 mo. USD SOFR + 2.26%
thereafter)(5)
|
178,683
|
|
|
500,000
|
6.18%, 01/30/2036, (6.18% fixed rate until
01/30/2035; 6 mo. USD SOFR + 2.04%
thereafter)(5)
|
498,848
|
|
|
2,168,000
|
6.31%, 06/08/2029, (6.31% fixed rate until
06/08/2028; 6 mo. USD SOFR + 2.64%
thereafter)(5)
|
2,254,429
|
|
|
96,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(5)
|
106,917
|
|
|
1,170,000
|
Discover Financial Services 7.96%, 11/02/2034,
(7.96% fixed rate until 11/02/2033; 6 mo. USD
SOFR + 3.37% thereafter)(5)
|
1,337,328
|
|
|
|
Nasdaq, Inc.
|
|
|
|
175,000
|
5.95%, 08/15/2053
|
178,129
|
|
|
165,000
|
6.10%, 06/28/2063
|
167,632
|
|
|
|
|
|
10,609,147
|
|
|
Electric - 0.9%
|
||
|
120,000
|
Alabama Power Co. 5.10%, 04/02/2035
|
119,984
|
|
|
1,200,000
|
American Transmission Systems, Inc. 2.65%,
01/15/2032(1)
|
1,030,631
|
|
|
1,960,000
|
Cleveland Electric Illuminating Co. 3.50%,
04/01/2028(1)
|
1,886,645
|
|
|
360,000
|
Dominion Energy South Carolina, Inc. 6.63%,
02/01/2032
|
394,294
|
|
|
607,000
|
Dominion Energy, Inc. 5.38%, 11/15/2032
|
612,886
|
|
|
1,775,000
|
Eversource Energy 5.95%, 07/15/2034
|
1,843,879
|
|
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
|
241,000
|
3.60%, 06/01/2029(1)
|
230,610
|
|
|
60,000
|
5.15%, 03/30/2026(1)
|
60,324
|
|
|
75,000
|
5.20%, 04/01/2028(1)
|
76,131
|
|
|
|
Georgia Power Co.
|
|
|
|
756,000
|
4.30%, 03/15/2042
|
648,526
|
|
|
245,000
|
4.75%, 09/01/2040
|
226,337
|
|
|
725,000
|
4.85%, 03/15/2031
|
729,252
|
|
|
826,000
|
5.13%, 05/15/2052
|
765,951
|
|
|
1,610,000
|
5.20%, 03/15/2035
|
1,620,752
|
|
|
600,000
|
Public Service Electric & Gas Co. 3.65%,
09/01/2042
|
471,602
|
|
|
860,000
|
San Diego Gas & Electric Co. 3.70%, 03/15/2052
|
619,960
|
|
|
|
2
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Electric - 0.9% - (continued)
|
||
|
|
SCE Recovery Funding LLC
|
|
|
|
$ 349,494
|
0.86%, 11/15/2033
|
$309,742
|
|
|
220,000
|
1.94%, 05/15/2040
|
166,030
|
|
|
125,000
|
2.51%, 11/15/2043
|
84,596
|
|
|
1,156,000
|
Sempra 4.13%, 04/01/2052, (4.13% fixed rate
until 01/01/2027; 5 yr. USD CMT + 2.87%
thereafter)(5)
|
1,086,257
|
|
|
1,353,379
|
Texas Electric Market Stabilization Funding N LLC
4.27%, 08/01/2036(1)
|
1,337,195
|
|
|
|
|
|
14,321,584
|
|
|
Entertainment - 0.0%
|
||
|
954,000
|
Warnermedia Holdings, Inc. 5.05%, 03/15/2042
|
763,013
|
|
|
|
Food - 0.6%
|
||
|
2,378,000
|
JBS USA Holding Lux SARL/JBS USA Food
Co./JBS Lux Co. SARL 6.75%, 03/15/2034
|
2,567,201
|
|
|
|
Mars, Inc.
|
|
|
|
960,000
|
4.80%, 03/01/2030(1)
|
965,491
|
|
|
550,000
|
5.20%, 03/01/2035(1)
|
552,754
|
|
|
365,000
|
5.65%, 05/01/2045(1)
|
365,794
|
|
|
1,115,000
|
5.70%, 05/01/2055(1)
|
1,114,057
|
|
|
4,254,000
|
Pilgrim's Pride Corp. 4.25%, 04/15/2031
|
3,995,177
|
|
|
|
|
|
9,560,474
|
|
|
Gas - 0.2%
|
||
|
330,000
|
Boston Gas Co. 3.15%, 08/01/2027(1)
|
319,126
|
|
|
500,000
|
CenterPoint Energy Resources Corp. 5.40%,
07/01/2034
|
505,060
|
|
|
1,870,000
|
KeySpan Gas East Corp. 2.74%, 08/15/2026(1)
|
1,824,714
|
|
|
|
|
|
2,648,900
|
|
|
Healthcare - Products - 0.0%
|
||
|
200,000
|
Alcon Finance Corp. 5.75%, 12/06/2052(1)
|
199,867
|
|
|
|
Healthcare - Services - 0.1%
|
||
|
920,000
|
Providence St. Joseph Health Obligated Group
5.40%, 10/01/2033
|
928,127
|
|
|
175,000
|
Sutter Health 2.29%, 08/15/2030
|
155,294
|
|
|
155,000
|
Toledo Hospital 5.75%, 11/15/2038
|
155,209
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
355,000
|
2.00%, 05/15/2030
|
313,588
|
|
|
95,000
|
4.75%, 05/15/2052
|
82,124
|
|
|
|
|
|
1,634,342
|
|
|
Insurance - 1.3%
|
||
|
|
American International Group, Inc.
|
|
|
|
437,000
|
3.40%, 06/30/2030
|
408,787
|
|
|
375,000
|
4.38%, 06/30/2050
|
311,013
|
|
|
|
Athene Global Funding
|
|
|
|
2,815,000
|
2.50%, 03/24/2028(1)
|
2,633,742
|
|
|
1,800,000
|
5.35%, 07/09/2027(1)
|
1,824,434
|
|
|
1,280,000
|
5.58%, 01/09/2029(1)
|
1,307,116
|
|
|
780,000
|
Beacon Funding Trust 6.27%, 08/15/2054(1)
|
777,482
|
|
|
1,960,000
|
Brighthouse Financial Global Funding 5.65%,
06/10/2029(1)
|
1,991,981
|
|
|
355,000
|
CNO Global Funding 4.88%, 12/10/2027(1)
|
355,842
|
|
|
275,000
|
Corebridge Global Funding 5.90%, 09/19/2028(1)
|
285,974
|
|
|
1,200,000
|
Equitable Financial Life Global Funding 1.40%,
08/27/2027(1)
|
1,114,476
|
|
|
|
GA Global Funding Trust
|
|
|
|
1,705,000
|
5.20%, 12/09/2031(1)
|
1,695,791
|
|
|
1,678,000
|
5.90%, 01/13/2035(1)
|
1,701,298
|
|
|
805,000
|
Liberty Mutual Group, Inc. 4.57%, 02/01/2029(1)
|
798,635
|
|
|
755,000
|
Mutual of Omaha Cos. Global Funding 5.00%,
04/01/2030(1)
|
757,915
|
|
|
1,235,000
|
Pricoa Global Funding I 4.65%, 08/27/2031(1)
|
1,223,848
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Insurance - 1.3% - (continued)
|
||
|
$ 1,375,000
|
Protective Life Global Funding 5.43%,
01/14/2032(1)
|
$1,411,201
|
|
|
|
RGA Global Funding
|
|
|
|
1,220,000
|
5.25%, 01/09/2030(1)
|
1,242,128
|
|
|
1,010,000
|
5.45%, 05/24/2029(1)
|
1,035,919
|
|
|
|
|
|
20,877,582
|
|
|
Investment Company Security - 0.1%
|
||
|
1,990,000
|
Abu Dhabi Developmental Holding Co. PJSC
4.38%, 10/02/2031(1)
|
1,939,832
|
|
|
|
Media - 0.2%
|
||
|
|
Charter Communications Operating LLC/Charter
Communications Operating Capital
|
|
|
|
840,000
|
3.90%, 06/01/2052
|
543,167
|
|
|
818,000
|
6.83%, 10/23/2055
|
795,875
|
|
|
2,405,000
|
Comcast Corp. 3.25%, 11/01/2039
|
1,867,568
|
|
|
|
Time Warner Cable LLC
|
|
|
|
395,000
|
6.55%, 05/01/2037
|
391,809
|
|
|
250,000
|
7.30%, 07/01/2038
|
262,457
|
|
|
|
|
|
3,860,876
|
|
|
Mining - 0.4%
|
||
|
|
Glencore Funding LLC
|
|
|
|
805,000
|
5.37%, 04/04/2029(1)
|
818,144
|
|
|
316,000
|
5.63%, 04/04/2034(1)
|
317,325
|
|
|
1,394,000
|
5.89%, 04/04/2054(1)
|
1,357,944
|
|
|
265,000
|
6.14%, 04/01/2055(1)(6)
|
266,637
|
|
|
3,540,000
|
6.38%, 10/06/2030(1)
|
3,753,029
|
|
|
|
Rio Tinto Finance USA PLC
|
|
|
|
205,000
|
5.75%, 03/14/2055
|
205,340
|
|
|
90,000
|
5.88%, 03/14/2065
|
91,025
|
|
|
|
|
|
6,809,444
|
|
|
Oil & Gas - 0.1%
|
||
|
|
QatarEnergy
|
|
|
|
935,000
|
2.25%, 07/12/2031(1)
|
807,840
|
|
|
780,000
|
3.13%, 07/12/2041(1)
|
583,050
|
|
|
|
|
|
1,390,890
|
|
|
Pipelines - 0.9%
|
||
|
305,000
|
Columbia Pipelines Holding Co. LLC 5.68%,
01/15/2034(1)
|
303,771
|
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
375,000
|
5.93%, 08/15/2030(1)
|
389,670
|
|
|
676,000
|
6.50%, 08/15/2043(1)
|
703,572
|
|
|
419,000
|
6.54%, 11/15/2053(1)
|
439,750
|
|
|
|
Energy Transfer LP
|
|
|
|
180,000
|
4.95%, 06/15/2028
|
181,204
|
|
|
295,000
|
5.00%, 05/15/2050
|
248,399
|
|
|
1,628,000
|
5.20%, 04/01/2030
|
1,646,388
|
|
|
945,000
|
5.35%, 05/15/2045
|
848,656
|
|
|
104,000
|
5.40%, 10/01/2047
|
93,132
|
|
|
1,529,669
|
Galaxy Pipeline Assets Bidco Ltd. 2.16%,
03/31/2034(1)
|
1,347,009
|
|
|
|
Gray Oak Pipeline LLC
|
|
|
|
606,000
|
2.60%, 10/15/2025(1)
|
597,206
|
|
|
100,000
|
3.45%, 10/15/2027(1)
|
96,403
|
|
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
920,000
|
5.85%, 02/23/2036(1)
|
930,488
|
|
|
1,500,000
|
6.10%, 08/23/2042(1)
|
1,504,482
|
|
|
735,000
|
ONEOK, Inc. 4.75%, 10/15/2031
|
720,365
|
|
|
|
Targa Resources Corp.
|
|
|
|
1,050,000
|
5.55%, 08/15/2035
|
1,048,539
|
|
|
595,000
|
6.13%, 05/15/2055
|
590,925
|
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Pipelines - 0.9% - (continued)
|
||
|
|
Whistler Pipeline LLC
|
|
|
|
$ 1,454,000
|
5.40%, 09/30/2029(1)
|
$1,465,490
|
|
|
995,000
|
5.70%, 09/30/2031(1)
|
1,006,563
|
|
|
|
|
|
14,162,012
|
|
|
Real Estate Investment Trusts - 1.1%
|
||
|
2,410,000
|
American Tower Trust I 5.49%, 03/15/2053(1)
|
2,448,361
|
|
|
|
Crown Castle, Inc.
|
|
|
|
85,000
|
2.10%, 04/01/2031
|
71,471
|
|
|
50,000
|
2.25%, 01/15/2031
|
42,732
|
|
|
300,000
|
3.30%, 07/01/2030
|
275,110
|
|
|
224,000
|
4.30%, 02/15/2029
|
218,975
|
|
|
295,000
|
4.80%, 09/01/2028
|
294,434
|
|
|
371,000
|
4.90%, 09/01/2029
|
369,299
|
|
|
633,000
|
5.10%, 05/01/2033
|
618,712
|
|
|
891,000
|
5.20%, 09/01/2034
|
872,120
|
|
|
663,000
|
5.80%, 03/01/2034
|
675,822
|
|
|
|
Extra Space Storage LP
|
|
|
|
1,451,000
|
5.40%, 06/15/2035
|
1,442,608
|
|
|
435,000
|
5.50%, 07/01/2030
|
446,022
|
|
|
935,000
|
5.90%, 01/15/2031
|
973,898
|
|
|
1,789,000
|
GLP Capital LP/GLP Financing II, Inc. 6.75%,
12/01/2033
|
1,898,369
|
|
|
2,718,000
|
LXP Industrial Trust 6.75%, 11/15/2028
|
2,874,263
|
|
|
2,173,000
|
Prologis Targeted U.S. Logistics Fund LP 5.25%,
01/15/2035(1)
|
2,165,298
|
|
|
|
SBA Tower Trust
|
|
|
|
545,000
|
1.63%, 05/15/2051(1)
|
517,553
|
|
|
300,000
|
1.88%, 07/15/2050(1)
|
292,601
|
|
|
|
WEA Finance LLC
|
|
|
|
160,000
|
2.88%, 01/15/2027(1)
|
154,645
|
|
|
350,000
|
3.50%, 06/15/2029(1)
|
330,899
|
|
|
|
|
|
16,983,192
|
|
|
Semiconductors - 0.5%
|
||
|
|
Foundry JV Holdco LLC
|
|
|
|
305,000
|
5.90%, 01/25/2030(1)
|
315,913
|
|
|
660,000
|
5.90%, 01/25/2033(1)
|
671,604
|
|
|
1,252,000
|
6.15%, 01/25/2032(1)
|
1,301,599
|
|
|
1,011,000
|
6.20%, 01/25/2037(1)
|
1,041,978
|
|
|
|
Intel Corp.
|
|
|
|
1,936,000
|
4.60%, 03/25/2040
|
1,674,013
|
|
|
2,319,000
|
5.60%, 02/21/2054
|
2,108,891
|
|
|
|
|
|
7,113,998
|
|
|
Software - 0.6%
|
||
|
|
Constellation Software, Inc.
|
|
|
|
225,000
|
5.16%, 02/16/2029(1)
|
228,268
|
|
|
2,826,000
|
5.46%, 02/16/2034(1)
|
2,876,576
|
|
|
|
Oracle Corp.
|
|
|
|
111,000
|
3.60%, 04/01/2050
|
77,119
|
|
|
3,414,000
|
3.65%, 03/25/2041
|
2,649,140
|
|
|
97,000
|
3.95%, 03/25/2051
|
71,243
|
|
|
127,000
|
4.10%, 03/25/2061
|
90,762
|
|
|
170,000
|
4.13%, 05/15/2045
|
134,221
|
|
|
135,000
|
4.30%, 07/08/2034
|
125,566
|
|
|
630,000
|
5.25%, 02/03/2032
|
638,125
|
|
|
|
Synopsys, Inc.
|
|
|
|
1,095,000
|
4.85%, 04/01/2030
|
1,102,203
|
|
|
1,200,000
|
5.00%, 04/01/2032
|
1,202,958
|
|
|
|
|
|
9,196,181
|
|
|
Telecommunications - 0.2%
|
||
|
|
AT&T, Inc.
|
|
|
|
825,000
|
3.50%, 06/01/2041
|
636,523
|
|
|
1,589,000
|
3.50%, 09/15/2053
|
1,083,523
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 11.4% - (continued)
|
|||
|
|
Telecommunications - 0.2% - (continued)
|
||
|
$ 84,000
|
3.65%, 06/01/2051
|
$59,492
|
|
|
146,000
|
3.85%, 06/01/2060
|
101,707
|
|
|
1,841,000
|
4.30%, 12/15/2042
|
1,547,258
|
|
|
|
|
|
3,428,503
|
|
|
Trucking & Leasing - 0.1%
|
||
|
775,000
|
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.25%, 02/01/2030(1)
|
784,440
|
|
|
|
Total Corporate Bonds
(cost $181,513,992)
|
$180,179,879
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 0.4%
|
|||
|
|
Israel - 0.1%
|
||
|
1,630,000
|
Israel Government International Bonds 5.38%,
03/12/2029
|
$1,642,209
|
|
|
|
Mexico - 0.1%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
457,000
|
6.40%, 05/07/2054
|
417,109
|
|
|
1,265,000
|
6.75%, 09/27/2034
|
1,320,217
|
|
|
|
|
|
1,737,326
|
|
|
Saudi Arabia - 0.2%
|
||
|
|
Saudi Government International Bonds
|
|
|
|
2,015,000
|
5.38%, 01/13/2031(1)
|
2,064,166
|
|
|
903,000
|
5.63%, 01/13/2035(1)
|
928,464
|
|
|
|
|
|
2,992,630
|
|
|
Total Foreign Government Obligations
(cost $6,359,335)
|
|
$6,372,165
|
|
MUNICIPAL BONDS - 0.6%
|
|||
|
|
Airport - 0.0%
|
||
|
60,000
|
Dallas Fort Worth International Airport, TX, Rev
4.09%, 11/01/2051
|
$49,378
|
|
|
710,000
|
Port Auth of New York & New Jersey, NY, Rev
3.18%, 07/15/2060
|
469,327
|
|
|
|
|
|
518,705
|
|
|
General - 0.1%
|
||
|
168,940
|
Chicago Transit Auth Sales & Transfer Tax
Receipts, IL, Rev 6.90%, 12/01/2040
|
186,957
|
|
|
540,000
|
Kansas Dev Finance Auth, KS, Rev, (BAM)
2.77%, 05/01/2051
|
368,906
|
|
|
1,250,000
|
Philadelphia Auth for Industrial Dev, PA, Rev,
(NPFG) 6.55%, 10/15/2028
|
1,334,670
|
|
|
|
|
|
1,890,533
|
|
|
General Obligation - 0.2%
|
||
|
2,569,412
|
State of Illinois, IL, GO 5.10%, 06/01/2033
|
2,564,462
|
|
|
|
Tobacco - 0.0%
|
||
|
130,000
|
Golden State Tobacco Securitization Corp., CA,
Rev 3.00%, 06/01/2046
|
115,875
|
|
|
|
Transportation - 0.1%
|
||
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
15,000
|
6.20%, 11/15/2026
|
15,219
|
|
|
375,000
|
6.67%, 11/15/2039
|
409,648
|
|
|
785,000
|
6.81%, 11/15/2040
|
862,167
|
|
|
|
|
|
1,287,034
|
|
|
Utilities - 0.1%
|
||
|
857,388
|
Texas Natural Gas Securitization Finance Corp.,
TX, Rev 5.10%, 04/01/2035
|
868,960
|
|
|
|
4
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 0.6% - (continued)
|
|||
|
|
Utility - Electric - 0.1%
|
||
|
$ 680,000
|
Illinois Municipal Electric Agency, IL, Rev 6.83%,
02/01/2035
|
$723,081
|
|
|
813,000
|
Municipal Electric Auth of Georgia, GA, Rev
6.64%, 04/01/2057
|
890,018
|
|
|
|
|
|
1,613,099
|
|
|
Total Municipal Bonds
(cost $9,701,860)
|
|
$8,858,668
|
|
U.S. GOVERNMENT AGENCIES - 0.6%
|
|||
|
|
Mortgage-Backed Agencies - 0.6%
|
||
|
|
Federal Home Loan Mortgage Corp. - 0.3%
|
||
|
258,073
|
5.50%, 03/01/2053
|
$257,988
|
|
|
495,014
|
5.50%, 06/01/2053
|
495,067
|
|
|
288,021
|
5.50%, 08/01/2053
|
287,977
|
|
|
2,381,669
|
5.50%, 09/01/2053
|
2,382,450
|
|
|
663,022
|
5.50%, 11/01/2053
|
662,836
|
|
|
353,849
|
5.50%, 05/01/2054
|
353,476
|
|
|
563
|
7.00%, 04/01/2029, 1 yr. USD CMT + 2.27%(3)
|
562
|
|
|
|
|
|
4,440,356
|
|
|
Federal National Mortgage Association - 0.0%
|
||
|
255,357
|
5.50%, 08/01/2053
|
255,895
|
|
|
621,324
|
5.50%, 09/01/2053
|
621,344
|
|
|
|
|
|
877,239
|
|
|
Government National Mortgage Association - 0.2%
|
||
|
1,918,477
|
2.50%, 10/20/2049
|
1,696,068
|
|
|
26,005
|
5.00%, 07/15/2037
|
26,197
|
|
|
321
|
6.00%, 07/15/2026
|
323
|
|
|
409
|
6.00%, 03/15/2028
|
420
|
|
|
592
|
6.00%, 04/15/2028
|
605
|
|
|
5,765
|
6.00%, 05/15/2028
|
5,833
|
|
|
3,651
|
6.00%, 07/15/2028
|
3,678
|
|
|
1,321
|
6.00%, 08/15/2028
|
1,337
|
|
|
9,340
|
6.00%, 09/15/2028
|
9,461
|
|
|
20,407
|
6.00%, 10/15/2028
|
20,618
|
|
|
19,475
|
6.00%, 11/15/2028
|
19,699
|
|
|
14,813
|
6.00%, 12/15/2028
|
14,988
|
|
|
344
|
6.00%, 12/15/2031
|
355
|
|
|
6,556
|
6.00%, 09/15/2032
|
6,869
|
|
|
2,917
|
6.00%, 11/15/2032
|
3,043
|
|
|
1,297
|
6.00%, 04/15/2033
|
1,296
|
|
|
33,152
|
6.00%, 06/15/2033
|
33,761
|
|
|
9,624
|
6.00%, 10/15/2033
|
10,022
|
|
|
772
|
6.00%, 11/15/2033
|
813
|
|
|
16,488
|
6.00%, 10/15/2034
|
16,692
|
|
|
41,451
|
6.00%, 01/15/2035
|
42,473
|
|
|
4,691
|
6.00%, 05/15/2035
|
4,687
|
|
|
5,363
|
6.00%, 06/15/2035
|
5,495
|
|
|
35
|
6.50%, 03/15/2026
|
35
|
|
|
49
|
6.50%, 01/15/2028
|
49
|
|
|
11,982
|
6.50%, 03/15/2028
|
12,104
|
|
|
14,542
|
6.50%, 04/15/2028
|
14,679
|
|
|
4,415
|
6.50%, 05/15/2028
|
4,470
|
|
|
12,188
|
6.50%, 06/15/2028
|
12,342
|
|
|
2,059
|
6.50%, 10/15/2028
|
2,092
|
|
|
524
|
6.50%, 02/15/2035
|
539
|
|
|
924
|
7.00%, 11/15/2031
|
944
|
|
|
553
|
7.00%, 03/15/2032
|
565
|
|
|
313,682
|
7.00%, 11/15/2032
|
330,262
|
|
|
28,382
|
7.00%, 01/15/2033
|
29,446
|
|
|
33,404
|
7.00%, 05/15/2033
|
34,504
|
|
|
3,946
|
7.00%, 07/15/2033
|
4,054
|
|
|
36,877
|
7.00%, 11/15/2033
|
38,051
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 0.6% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 0.6% - (continued)
|
||
|
|
Government National Mortgage Association - 0.2% - (continued)
|
||
|
$ 12,349
|
7.50%, 09/16/2035
|
$12,515
|
|
|
10
|
8.00%, 09/15/2026
|
10
|
|
|
431
|
8.00%, 12/15/2026
|
432
|
|
|
582
|
8.00%, 07/15/2029
|
596
|
|
|
753
|
8.00%, 12/15/2029
|
759
|
|
|
2,194
|
8.00%, 01/15/2030
|
2,200
|
|
|
941
|
8.00%, 02/15/2030
|
942
|
|
|
430
|
8.00%, 03/15/2030
|
431
|
|
|
3,502
|
8.00%, 04/15/2030
|
3,513
|
|
|
2,281
|
8.00%, 05/15/2030
|
2,295
|
|
|
12,168
|
8.00%, 06/15/2030
|
12,320
|
|
|
654
|
8.00%, 07/15/2030
|
658
|
|
|
18,565
|
8.00%, 08/15/2030
|
18,732
|
|
|
8,665
|
8.00%, 09/15/2030
|
8,694
|
|
|
21,136
|
8.00%, 12/15/2030
|
21,211
|
|
|
|
|
|
2,494,177
|
|
|
Uniform Mortgage-Backed Security - 0.1%
|
||
|
1,369,000
|
6.00%, 04/01/2055(7)
|
1,390,414
|
|
|
|
Total U.S. Government Agencies
(cost $9,074,262)
|
|
$9,202,186
|
|
U.S. GOVERNMENT SECURITIES - 21.5%
|
|||
|
|
U.S. Treasury Securities - 21.5%
|
||
|
|
U.S. Treasury Bonds - 6.5%
|
||
|
2,781,200
|
2.38%, 05/15/2051
|
$1,818,753
|
|
|
10,322,000
|
2.50%, 02/15/2045(8)
|
7,441,920
|
|
|
2,041,900
|
2.75%, 11/15/2047
|
1,489,470
|
|
|
5,152,000
|
2.88%, 05/15/2052
|
3,740,634
|
|
|
400,000
|
3.25%, 05/15/2042
|
337,984
|
|
|
4,488,500
|
3.38%, 08/15/2042
|
3,848,012
|
|
|
4,012,200
|
3.63%, 02/15/2053
|
3,379,181
|
|
|
4,027,700
|
3.63%, 05/15/2053
|
3,392,708
|
|
|
5,250,000
|
3.88%, 02/15/2043
|
4,804,981
|
|
|
4,748,300
|
3.88%, 05/15/2043
|
4,334,308
|
|
|
6,040,000
|
4.00%, 11/15/2042
|
5,634,423
|
|
|
4,486,100
|
4.00%, 11/15/2052
|
4,045,726
|
|
|
3,288,900
|
4.13%, 08/15/2044
|
3,081,288
|
|
|
2,696,900
|
4.13%, 08/15/2053
|
2,485,151
|
|
|
2,006,800
|
4.25%, 02/15/2054
|
1,890,782
|
|
|
3,760,600
|
4.25%, 08/15/2054
|
3,549,654
|
|
|
7,564,700
|
4.38%, 02/15/2038
|
7,616,412
|
|
|
6,195,900
|
4.38%, 08/15/2043
|
6,038,098
|
|
|
3,865,900
|
4.50%, 02/15/2044
|
3,819,842
|
|
|
3,900,600
|
4.50%, 11/15/2054
|
3,843,310
|
|
|
1,295,700
|
4.63%, 05/15/2044
|
1,299,901
|
|
|
3,935,500
|
4.63%, 11/15/2044
|
3,940,419
|
|
|
3,995,000
|
4.63%, 05/15/2054
|
4,007,953
|
|
|
3,903,400
|
4.63%, 02/15/2055
|
3,929,626
|
|
|
5,604,000
|
4.75%, 11/15/2043
|
5,725,055
|
|
|
2,315,700
|
4.75%, 02/15/2045
|
2,358,034
|
|
|
4,035,400
|
4.75%, 11/15/2053
|
4,124,778
|
|
|
|
|
|
101,978,403
|
|
|
U.S. Treasury Notes - 15.0%
|
||
|
1,080,000
|
0.88%, 09/30/2026
|
1,032,033
|
|
|
150,000
|
1.25%, 05/31/2028
|
138,287
|
|
|
603,000
|
1.25%, 09/30/2028
|
550,944
|
|
|
1,020,000
|
1.38%, 10/31/2028
|
934,336
|
|
|
4,505,600
|
1.50%, 01/31/2027
|
4,314,112
|
|
|
530,000
|
1.50%, 11/30/2028
|
486,730
|
|
|
2,115,000
|
1.63%, 10/31/2026
|
2,040,314
|
|
|
590,000
|
2.63%, 07/31/2029
|
559,486
|
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 21.5% - (continued)
|
|||
|
|
U.S. Treasury Securities - 21.5% - (continued)
|
||
|
|
U.S. Treasury Notes - 15.0% - (continued)
|
||
|
$ 890,000
|
2.75%, 05/31/2029
|
$850,054
|
|
|
326,000
|
3.25%, 06/30/2029
|
317,341
|
|
|
3,507,700
|
3.50%, 09/30/2026
|
3,484,407
|
|
|
5,186,200
|
3.50%, 09/30/2029
|
5,091,998
|
|
|
635,000
|
3.50%, 04/30/2030
|
621,357
|
|
|
1,369,000
|
3.63%, 05/31/2028
|
1,357,770
|
|
|
6,466,100
|
3.63%, 08/31/2029
|
6,385,021
|
|
|
512,000
|
3.63%, 03/31/2030
|
504,140
|
|
|
258,600
|
3.63%, 09/30/2031
|
252,165
|
|
|
929,900
|
3.75%, 08/31/2026
|
927,067
|
|
|
3,510,900
|
3.75%, 08/15/2027
|
3,499,243
|
|
|
7,134,400
|
3.75%, 12/31/2028
|
7,092,318
|
|
|
620,000
|
3.75%, 05/31/2030
|
613,437
|
|
|
758,000
|
3.75%, 12/31/2030
|
747,696
|
|
|
544,900
|
3.75%, 08/31/2031
|
535,343
|
|
|
20,950,100
|
3.88%, 03/31/2027
|
20,942,735
|
|
|
2,845,700
|
3.88%, 10/15/2027
|
2,844,255
|
|
|
685,000
|
3.88%, 11/30/2029
|
682,913
|
|
|
411,000
|
4.00%, 01/15/2027
|
411,433
|
|
|
907,000
|
4.00%, 12/15/2027
|
909,657
|
|
|
5,905,900
|
4.00%, 01/31/2029
|
5,922,049
|
|
|
5,718,700
|
4.00%, 07/31/2029
|
5,733,667
|
|
|
150,000
|
4.00%, 10/31/2029
|
150,334
|
|
|
2,848,300
|
4.00%, 02/28/2030
|
2,854,753
|
|
|
10,125,900
|
4.00%, 03/31/2030
|
10,146,468
|
|
|
483,900
|
4.00%, 07/31/2030
|
484,297
|
|
|
10,507,300
|
4.13%, 10/31/2026
|
10,533,568
|
|
|
7,491,100
|
4.13%, 01/31/2027
|
7,516,558
|
|
|
1,533,500
|
4.13%, 02/28/2027
|
1,539,310
|
|
|
5,127,100
|
4.13%, 03/31/2029
|
5,164,552
|
|
|
5,031,800
|
4.13%, 10/31/2029
|
5,068,752
|
|
|
6,138,100
|
4.13%, 11/30/2029
|
6,185,574
|
|
|
754,300
|
4.13%, 08/31/2030
|
759,132
|
|
|
873,100
|
4.13%, 07/31/2031
|
876,579
|
|
|
824,200
|
4.13%, 10/31/2031
|
826,840
|
|
|
9,630,000
|
4.25%, 11/30/2026
|
9,676,269
|
|
|
1,515,400
|
4.25%, 12/31/2026
|
1,523,214
|
|
|
6,690,700
|
4.25%, 02/28/2029
|
6,769,107
|
|
|
2,697,800
|
4.25%, 06/30/2029
|
2,730,679
|
|
|
3,448,800
|
4.25%, 01/31/2030
|
3,492,988
|
|
|
5,197,900
|
4.25%, 11/15/2034
|
5,213,331
|
|
|
6,227,800
|
4.38%, 07/31/2026
|
6,258,939
|
|
|
2,307,500
|
4.38%, 08/15/2026
|
2,319,488
|
|
|
3,953,000
|
4.38%, 12/15/2026
|
3,980,795
|
|
|
3,675,700
|
4.38%, 08/31/2028
|
3,729,543
|
|
|
4,531,000
|
4.38%, 11/30/2028
|
4,601,443
|
|
|
5,893,000
|
4.38%, 12/31/2029
|
6,000,041
|
|
|
170,000
|
4.38%, 01/31/2032
|
173,002
|
|
|
6,549,900
|
4.50%, 05/31/2029
|
6,691,900
|
|
|
988,400
|
4.50%, 12/31/2031
|
1,013,226
|
|
|
7,138,300
|
4.63%, 06/30/2026
|
7,191,280
|
|
|
730,000
|
4.63%, 10/15/2026
|
737,243
|
|
|
866,000
|
4.63%, 11/15/2026
|
874,998
|
|
|
4,485,000
|
4.63%, 09/30/2028
|
4,589,416
|
|
|
3,654,600
|
4.63%, 04/30/2029
|
3,749,819
|
|
|
1,733,700
|
4.63%, 04/30/2031
|
1,788,014
|
|
|
1,012,100
|
4.63%, 05/31/2031
|
1,043,768
|
|
|
9,446,100
|
4.63%, 02/15/2035
|
9,759,002
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 21.5% - (continued)
|
|||
|
|
U.S. Treasury Securities - 21.5% - (continued)
|
||
|
|
U.S. Treasury Notes - 15.0% - (continued)
|
||
|
$ 9,412,000
|
4.88%, 10/31/2028
|
$9,711,640
|
|
|
927,000
|
4.88%, 10/31/2030
|
966,977
|
|
|
|
|
|
236,475,147
|
|
|
Total U.S. Government Securities
(cost $343,103,070)
|
|
$338,453,550
|
|
COMMON STOCKS - 62.9%
|
|||
|
|
Automobiles & Components - 0.7%
|
||
|
465,807
|
Gentex Corp.
|
$10,853,303
|
|
|
|
Banks - 2.4%
|
||
|
105,718
|
JP Morgan Chase & Co.
|
25,932,625
|
|
|
69,425
|
M&T Bank Corp.
|
12,409,719
|
|
|
|
|
|
38,342,344
|
|
|
Capital Goods - 6.2%
|
||
|
110,140
|
3M Co.
|
16,175,160
|
|
|
541,815
|
BAE Systems PLC
|
10,940,585
|
|
|
115,681
|
Emerson Electric Co.
|
12,683,265
|
|
|
144,398
|
Fortune Brands Innovations, Inc.
|
8,790,950
|
|
|
184,776
|
Johnson Controls International PLC
|
14,802,405
|
|
|
57,170
|
L3Harris Technologies, Inc.
|
11,966,253
|
|
|
71,473
|
Middleby Corp.*
|
10,862,467
|
|
|
120,743
|
PACCAR, Inc.
|
11,756,746
|
|
|
|
|
|
97,977,831
|
|
|
Consumer Discretionary Distribution & Retail - 2.2%
|
||
|
63,475
|
Dick's Sporting Goods, Inc.
|
12,794,021
|
|
|
208,515
|
Industria de Diseno Textil SA
|
10,382,350
|
|
|
197,966
|
Tractor Supply Co.
|
10,907,927
|
|
|
|
|
|
34,084,298
|
|
|
Consumer Durables & Apparel - 0.5%
|
||
|
66,084
|
Lennar Corp. Class A
|
7,585,122
|
|
|
|
Consumer Services - 2.4%
|
||
|
104,141
|
Airbnb, Inc. Class A*
|
12,440,684
|
|
|
225,488
|
H&R Block, Inc.
|
12,381,546
|
|
|
126,003
|
Starbucks Corp.
|
12,359,634
|
|
|
|
|
|
37,181,864
|
|
|
Energy - 1.9%
|
||
|
143,054
|
ConocoPhillips
|
15,023,531
|
|
|
76,338
|
Targa Resources Corp.
|
15,303,479
|
|
|
|
|
|
30,327,010
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
||
|
116,686
|
Crown Castle, Inc. REIT
|
12,162,182
|
|
|
211,217
|
Gaming & Leisure Properties, Inc. REIT
|
10,750,945
|
|
|
|
|
|
22,913,127
|
|
|
Financial Services - 7.1%
|
||
|
65,909
|
Ares Management Corp. Class A
|
9,662,918
|
|
|
175,411
|
Block, Inc.*
|
9,530,080
|
|
|
77,261
|
Intercontinental Exchange, Inc.
|
13,327,523
|
|
|
129,680
|
KKR & Co., Inc.
|
14,992,305
|
|
|
40,716
|
LPL Financial Holdings, Inc.
|
13,319,832
|
|
|
100,987
|
Morgan Stanley
|
11,782,153
|
|
|
155,492
|
Nasdaq, Inc.
|
11,795,623
|
|
|
90,768
|
Raymond James Financial, Inc.
|
12,608,583
|
|
|
29,372
|
S&P Global, Inc.
|
14,923,913
|
|
|
|
|
|
111,942,930
|
|
|
Food, Beverage & Tobacco - 0.8%
|
||
|
360,803
|
Keurig Dr. Pepper, Inc.
|
12,346,679
|
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 62.9% - (continued)
|
|||
|
|
Health Care Equipment & Services - 6.7%
|
||
|
60,563
|
Align Technology, Inc.*
|
$9,621,038
|
|
|
177,039
|
Boston Scientific Corp.*
|
17,859,694
|
|
|
277,132
|
Centene Corp.*
|
16,824,684
|
|
|
159,518
|
Edwards Lifesciences Corp.*
|
11,561,865
|
|
|
47,307
|
Elevance Health, Inc.
|
20,576,653
|
|
|
56,866
|
UnitedHealth Group, Inc.
|
29,783,567
|
|
|
|
|
|
106,227,501
|
|
|
Household & Personal Products - 1.7%
|
||
|
536,664
|
Kenvue, Inc.
|
12,869,203
|
|
|
236,983
|
Unilever PLC ADR
|
14,112,338
|
|
|
|
|
|
26,981,541
|
|
|
Insurance - 1.8%
|
||
|
31,375
|
Everest Group Ltd.
|
11,399,479
|
|
|
221,075
|
MetLife, Inc.
|
17,750,112
|
|
|
|
|
|
29,149,591
|
|
|
Materials - 0.7%
|
||
|
319,949
|
Axalta Coating Systems Ltd.*
|
10,612,708
|
|
|
|
Media & Entertainment - 3.1%
|
||
|
311,805
|
Alphabet, Inc. Class C
|
48,713,295
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 4.9%
|
||
|
175,076
|
AstraZeneca PLC ADR
|
12,868,086
|
|
|
31,580
|
Eli Lilly & Co.
|
26,082,238
|
|
|
580,582
|
Pfizer, Inc.
|
14,711,948
|
|
|
30,411
|
Roche Holding AG
|
10,009,099
|
|
|
28,277
|
Vertex Pharmaceuticals, Inc.*
|
13,709,255
|
|
|
|
|
|
77,380,626
|
|
|
Semiconductors & Semiconductor Equipment - 3.6%
|
||
|
181,372
|
Broadcom, Inc.
|
30,367,114
|
|
|
72,085
|
NXP Semiconductors NV
|
13,700,475
|
|
|
79,130
|
QUALCOMM, Inc.
|
12,155,159
|
|
|
|
|
|
56,222,748
|
|
|
Software & Services - 10.2%
|
||
|
54,321
|
Accenture PLC Class A
|
16,950,325
|
|
|
39,742
|
Adobe, Inc.*
|
15,242,249
|
|
|
200,197
|
Amdocs Ltd.
|
18,318,025
|
|
|
204,415
|
Microsoft Corp.
|
76,735,347
|
|
|
78,864
|
Salesforce, Inc.
|
21,163,943
|
|
|
30,981
|
Synopsys, Inc.*
|
13,286,202
|
|
|
|
|
|
161,696,091
|
|
|
Technology Hardware & Equipment - 2.8%
|
||
|
336,122
|
Cisco Systems, Inc.
|
20,742,089
|
|
|
250,764
|
Corning, Inc.
|
11,479,976
|
|
|
43,482
|
F5, Inc.*
|
11,577,952
|
|
|
|
|
|
43,800,017
|
|
|
Transportation - 1.8%
|
||
|
188,930
|
Knight-Swift Transportation Holdings, Inc.
|
8,216,566
|
|
|
274,398
|
Uber Technologies, Inc.*
|
19,992,638
|
|
|
|
|
|
28,209,204
|
|
|
Total Common Stocks
(cost $642,196,541)
|
|
$992,547,830
|
|
|
Total Long-Term Investments
(cost $1,212,390,244)
|
|
$1,556,217,032
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
|
Repurchase Agreements - 0.3%
|
||
|
$ 5,286,282
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$5,286,925; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $5,392,072
|
$5,286,282
|
|
|
|
Total Short-Term Investments
(cost $5,286,282)
|
$5,286,282
|
|
|
|
Total Investments
(cost $1,217,676,526)
|
99.0
%
|
$1,561,503,314
|
|
|
Other Assets and Liabilities
|
1.0
%
|
15,375,293
|
|
|
Net Assets
|
100.0
%
|
$1,576,878,607
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At March 31, 2025, the aggregate value of these securities was
$107,515,246, representing 6.8% of net assets.
|
|
(2)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(3)
|
Variable rate securities; the rate reported is the coupon rate in effect at March
31,
2025. Base lending rates may be subject to a floor or cap.
|
|
(4)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(5)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
March 31, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
|
(6)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of this security was $265,000 at
March 31, 2025.
|
|
(7)
|
Represents or includes a TBA transaction.
|
|
|
7
|
|
|
(8)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of March 31, 2025, the market value of securities pledged
was $295,600.
|
|
Futures Contracts Outstanding at March 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
U.S. Treasury 10-Year Note Future
|
52
|
06/18/2025
|
$5,783,375
|
$58,498
|
|
Total futures contracts
|
$58,498
|
|||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$20,602,754
|
$—
|
$20,602,754
|
$—
|
|
Corporate Bonds
|
180,179,879
|
—
|
180,179,879
|
—
|
|
Foreign Government Obligations
|
6,372,165
|
—
|
6,372,165
|
—
|
|
Municipal Bonds
|
8,858,668
|
—
|
8,858,668
|
—
|
|
U.S. Government Agencies
|
9,202,186
|
—
|
9,202,186
|
—
|
|
U.S. Government Securities
|
338,453,550
|
—
|
338,453,550
|
—
|
|
Common Stocks
|
992,547,830
|
961,215,796
|
31,332,034
|
—
|
|
Short-Term Investments
|
5,286,282
|
—
|
5,286,282
|
—
|
|
Futures Contracts(2)
|
58,498
|
58,498
|
—
|
—
|
|
Total
|
$1,561,561,812
|
$961,274,294
|
$600,287,518
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
8
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.0%
|
|||
|
|
Automobiles & Components - 0.7%
|
||
|
524,101
|
Gentex Corp.
|
$12,211,553
|
|
|
44,092
|
Tesla, Inc.*
|
11,426,883
|
|
|
|
|
|
23,638,436
|
|
|
Banks - 1.5%
|
||
|
115,445
|
M&T Bank Corp.
|
20,635,794
|
|
|
416,659
|
Wells Fargo & Co.
|
29,911,950
|
|
|
|
|
|
50,547,744
|
|
|
Capital Goods - 4.7%
|
||
|
23,161
|
Airbus SE
|
4,078,319
|
|
|
48,827
|
Boeing Co.*
|
8,327,445
|
|
|
95,203
|
Builders FirstSource, Inc.*
|
11,894,663
|
|
|
107,352
|
Dover Corp.
|
18,859,599
|
|
|
165,994
|
Emerson Electric Co.
|
18,199,582
|
|
|
23,992
|
GE Vernova, Inc.
|
7,324,278
|
|
|
43,152
|
General Dynamics Corp.
|
11,762,372
|
|
|
156,550
|
Honeywell International, Inc.
|
33,149,462
|
|
|
43,969
|
Northrop Grumman Corp.
|
22,512,568
|
|
|
34,382
|
Rockwell Automation, Inc.
|
8,883,621
|
|
|
1,151,000
|
Techtronic Industries Co. Ltd.
|
13,793,900
|
|
|
|
|
|
158,785,809
|
|
|
Commercial & Professional Services - 1.0%
|
||
|
59,750
|
Booz Allen Hamilton Holding Corp.
|
6,248,655
|
|
|
40,173
|
CACI International, Inc. Class A*
|
14,740,277
|
|
|
160,098
|
TransUnion
|
13,286,533
|
|
|
|
|
|
34,275,465
|
|
|
Consumer Discretionary Distribution & Retail - 5.6%
|
||
|
626,167
|
Amazon.com, Inc.*
|
119,134,534
|
|
|
38,900
|
CarMax, Inc.*
|
3,031,088
|
|
|
120,313
|
Dick's Sporting Goods, Inc.
|
24,250,288
|
|
|
326,361
|
TJX Cos., Inc.
|
39,750,770
|
|
|
115,140
|
Tory Burch LLC*(1)(2)
|
5,670,628
|
|
|
|
|
|
191,837,308
|
|
|
Consumer Durables & Apparel - 1.5%
|
||
|
699,846
|
NIKE, Inc. Class B
|
44,426,224
|
|
|
137,242
|
On Holding AG Class A*
|
6,027,669
|
|
|
|
|
|
50,453,893
|
|
|
Consumer Services - 2.5%
|
||
|
136,218
|
Airbnb, Inc. Class A*
|
16,272,602
|
|
|
316,253
|
DraftKings, Inc. Class A*
|
10,502,762
|
|
|
136,662
|
Las Vegas Sands Corp.
|
5,279,253
|
|
|
121,398
|
McDonald's Corp.
|
37,921,093
|
|
|
123,089
|
Viking Holdings Ltd.*
|
4,892,788
|
|
|
126,899
|
Wyndham Hotels & Resorts, Inc.
|
11,485,629
|
|
|
|
|
|
86,354,127
|
|
|
Consumer Staples Distribution & Retail - 0.5%
|
||
|
253,439
|
Kroger Co.
|
17,155,286
|
|
|
|
Energy - 3.5%
|
||
|
424,906
|
Canadian Natural Resources Ltd.
|
13,087,105
|
|
|
213,858
|
ConocoPhillips
|
22,459,367
|
|
|
356,797
|
Coterra Energy, Inc.
|
10,311,433
|
|
|
162,445
|
Exxon Mobil Corp.
|
19,319,584
|
|
|
302,318
|
Halliburton Co.
|
7,669,808
|
|
|
529,288
|
Schlumberger NV
|
22,124,238
|
|
|
42,281
|
Targa Resources Corp.
|
8,476,072
|
|
|
130,766
|
Valero Energy Corp.
|
17,270,266
|
|
|
|
|
|
120,717,873
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.5%
|
||
|
123,189
|
American Tower Corp. REIT
|
26,805,926
|
|
|
68,556
|
AvalonBay Communities, Inc. REIT
|
14,713,489
|
|
|
26,162
|
Equinix, Inc. REIT
|
21,331,187
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.0% - (continued)
|
|||
|
|
Equity Real Estate Investment Trusts (REITs) - 2.5% - (continued)
|
||
|
321,569
|
UDR, Inc. REIT
|
$14,525,272
|
|
|
45,684
|
Welltower, Inc. REIT
|
6,999,245
|
|
|
|
|
|
84,375,119
|
|
|
Financial Services - 10.1%
|
||
|
313,617
|
Ally Financial, Inc.
|
11,437,612
|
|
|
96,614
|
American Express Co.
|
25,993,997
|
|
|
91,255
|
Berkshire Hathaway, Inc. Class B*
|
48,600,588
|
|
|
223,030
|
Charles Schwab Corp.
|
17,458,788
|
|
|
98,982
|
CME Group, Inc.
|
26,258,935
|
|
|
37,203
|
Equitable Holdings, Inc.
|
1,937,904
|
|
|
27,436
|
Fiserv, Inc.*
|
6,058,692
|
|
|
71,431
|
KKR & Co., Inc.
|
8,258,138
|
|
|
68,347
|
Mastercard, Inc. Class A
|
37,462,358
|
|
|
175,111
|
Morgan Stanley
|
20,430,200
|
|
|
179,920
|
Raymond James Financial, Inc.
|
24,992,687
|
|
|
64,247
|
S&P Global, Inc.
|
32,643,901
|
|
|
210,435
|
TPG, Inc.
|
9,980,932
|
|
|
84,547
|
Tradeweb Markets, Inc. Class A
|
12,551,848
|
|
|
147,275
|
Visa, Inc. Class A
|
51,613,996
|
|
|
151,666
|
Voya Financial, Inc.
|
10,276,888
|
|
|
|
|
|
345,957,464
|
|
|
Food, Beverage & Tobacco - 2.8%
|
||
|
162,359
|
Archer-Daniels-Midland Co.
|
7,794,856
|
|
|
494,586
|
Coca-Cola Co.
|
35,422,249
|
|
|
86,959
|
Constellation Brands, Inc. Class A
|
15,958,716
|
|
|
491,493
|
Keurig Dr. Pepper, Inc.
|
16,818,890
|
|
|
325,204
|
Tyson Foods, Inc. Class A
|
20,751,267
|
|
|
|
|
|
96,745,978
|
|
|
Health Care Equipment & Services - 4.1%
|
||
|
114,211
|
Boston Scientific Corp.*
|
11,521,606
|
|
|
122,501
|
Cardinal Health, Inc.
|
16,876,963
|
|
|
125,313
|
Centene Corp.*
|
7,607,752
|
|
|
63,165
|
Edwards Lifesciences Corp.*
|
4,578,199
|
|
|
20,076
|
Humana, Inc.
|
5,312,110
|
|
|
18,650
|
Intuitive Surgical, Inc.*
|
9,236,786
|
|
|
106,337
|
Quest Diagnostics, Inc.
|
17,992,220
|
|
|
76,309
|
Stryker Corp.
|
28,406,025
|
|
|
73,432
|
UnitedHealth Group, Inc.
|
38,460,010
|
|
|
|
|
|
139,991,671
|
|
|
Household & Personal Products - 2.4%
|
||
|
87,498
|
BellRing Brands, Inc.*
|
6,515,101
|
|
|
350,600
|
HF Global, Inc.*(1)(2)
|
7,243,396
|
|
|
545,719
|
Kenvue, Inc.
|
13,086,342
|
|
|
209,043
|
Procter & Gamble Co.
|
35,625,108
|
|
|
331,269
|
Unilever PLC
|
19,765,833
|
|
|
|
|
|
82,235,780
|
|
|
Insurance - 3.9%
|
||
|
161,292
|
Chubb Ltd.
|
48,708,571
|
|
|
40,024
|
Everest Group Ltd.
|
14,541,920
|
|
|
61,834
|
Globe Life, Inc.
|
8,144,775
|
|
|
154,415
|
Marsh & McLennan Cos., Inc.
|
37,681,892
|
|
|
152,617
|
MetLife, Inc.
|
12,253,619
|
|
|
38,693
|
Willis Towers Watson PLC
|
13,076,299
|
|
|
|
|
|
134,407,076
|
|
|
Materials - 3.8%
|
||
|
666,194
|
Barrick Gold Corp.
|
12,950,811
|
|
|
124,215
|
CRH PLC
|
10,886,521
|
|
|
159,210
|
FMC Corp.
|
6,717,070
|
|
|
552,566
|
Freeport-McMoRan, Inc.
|
20,920,149
|
|
|
82,399
|
Linde PLC
|
38,368,270
|
|
|
107,711
|
PPG Industries, Inc.
|
11,778,198
|
|
|
54,183
|
Reliance, Inc.
|
15,645,341
|
|
|
175,618
|
Rio Tinto PLC ADR
|
10,551,130
|
|
|
|
|
|
127,817,490
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.0% - (continued)
|
|||
|
|
Media & Entertainment - 8.2%
|
||
|
593,922
|
Alphabet, Inc. Class A
|
$91,844,098
|
|
|
151,202
|
Alphabet, Inc. Class C
|
23,622,288
|
|
|
148,664
|
Liberty Media Corp.-Liberty Formula One
Class C*
|
13,381,246
|
|
|
174,322
|
Live Nation Entertainment, Inc.*
|
22,762,967
|
|
|
109,975
|
Meta Platforms, Inc. Class A
|
63,385,191
|
|
|
30,290
|
Netflix, Inc.*
|
28,246,334
|
|
|
27,859
|
Spotify Technology SA*
|
15,323,286
|
|
|
213,034
|
Walt Disney Co.
|
21,026,456
|
|
|
|
|
|
279,591,866
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.2%
|
||
|
127,195
|
Agilent Technologies, Inc.
|
14,879,271
|
|
|
267,386
|
AstraZeneca PLC ADR
|
19,652,871
|
|
|
331,544
|
Bristol-Myers Squibb Co.
|
20,220,869
|
|
|
74,322
|
Charles River Laboratories International, Inc.*
|
11,186,947
|
|
|
156,818
|
Danaher Corp.
|
32,147,690
|
|
|
41,636
|
Eli Lilly & Co.
|
34,387,589
|
|
|
150,585
|
Exact Sciences Corp.*
|
6,518,825
|
|
|
75,388
|
ICON PLC*
|
13,192,146
|
|
|
68,915
|
Natera, Inc.*
|
9,745,270
|
|
|
95,391
|
Neurocrine Biosciences, Inc.*
|
10,550,245
|
|
|
523,865
|
Pfizer, Inc.
|
13,274,739
|
|
|
332,220
|
Sanofi SA ADR
|
18,424,921
|
|
|
15,918
|
Vertex Pharmaceuticals, Inc.*
|
7,717,365
|
|
|
|
|
|
211,898,748
|
|
|
Real Estate Management & Development - 0.2%
|
||
|
103,188
|
Zillow Group, Inc. Class C*
|
7,074,569
|
|
|
|
Semiconductors & Semiconductor Equipment - 10.6%
|
||
|
50,858
|
ARM Holdings PLC ADR*
|
5,431,126
|
|
|
15,363
|
ASML Holding NV
|
10,179,985
|
|
|
529,472
|
Broadcom, Inc.
|
88,649,497
|
|
|
125,251
|
Enphase Energy, Inc.*
|
7,771,824
|
|
|
65,404
|
First Solar, Inc.*
|
8,269,028
|
|
|
99,442
|
Marvell Technology, Inc.
|
6,122,644
|
|
|
108,099
|
Micron Technology, Inc.
|
9,392,722
|
|
|
1,469,650
|
NVIDIA Corp.
|
159,280,667
|
|
|
89,812
|
NXP Semiconductors NV
|
17,069,669
|
|
|
49,666
|
QUALCOMM, Inc.
|
7,629,194
|
|
|
137,465
|
Skyworks Solutions, Inc.
|
8,884,363
|
|
|
180,899
|
Texas Instruments, Inc.
|
32,507,550
|
|
|
|
|
|
361,188,269
|
|
|
Software & Services - 9.9%
|
||
|
174,844
|
Accenture PLC Class A
|
54,558,322
|
|
|
33,030
|
Adobe, Inc.*
|
12,667,996
|
|
|
13,142
|
AppLovin Corp. Class A*
|
3,482,236
|
|
|
25,455
|
Atlassian Corp. Class A*
|
5,401,805
|
|
|
76,089
|
Docusign, Inc.*
|
6,193,645
|
|
|
46,700
|
GoDaddy, Inc. Class A*
|
8,412,538
|
|
|
64,682
|
Intuit, Inc.
|
39,714,101
|
|
|
479,462
|
Microsoft Corp.
|
179,985,240
|
|
|
62,193
|
Salesforce, Inc.
|
16,690,113
|
|
|
12,914
|
ServiceNow, Inc.*
|
10,281,352
|
|
|
|
|
|
337,387,348
|
|
|
Technology Hardware & Equipment - 6.5%
|
||
|
917,677
|
Apple, Inc.
|
203,843,592
|
|
|
153,080
|
Arista Networks, Inc.*
|
11,860,638
|
|
|
210,099
|
Flex Ltd.*
|
6,950,075
|
|
|
|
|
|
222,654,305
|
|
|
Telecommunication Services - 1.3%
|
||
|
458,473
|
AT&T, Inc.
|
12,965,616
|
|
|
110,936
|
T-Mobile U.S., Inc.
|
29,587,741
|
|
|
|
|
|
42,553,357
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.0% - (continued)
|
|||
|
|
Transportation - 1.1%
|
||
|
231,910
|
Knight-Swift Transportation Holdings, Inc.
|
$10,085,766
|
|
|
209,864
|
Uber Technologies, Inc.*
|
15,290,691
|
|
|
49,276
|
Union Pacific Corp.
|
11,640,962
|
|
|
|
|
|
37,017,419
|
|
|
Utilities - 1.9%
|
||
|
287,103
|
Eversource Energy
|
17,831,967
|
|
|
344,728
|
Exelon Corp.
|
15,885,066
|
|
|
1,134,445
|
Iberdrola SA
|
18,319,102
|
|
|
156,896
|
Sempra
|
11,196,099
|
|
|
|
|
|
63,232,234
|
|
|
Total Common Stocks
(cost $2,475,508,114)
|
|
$3,307,894,634
|
|
CONVERTIBLE PREFERRED STOCKS - 0.0%
|
|||
|
|
Software & Services - 0.0%
|
||
|
58
|
Magic Leap, Inc. Class A*(1)(2)(3)
|
$56
|
|
|
|
Total Convertible Preferred Stocks
(cost $679,566)
|
|
$56
|
|
EXCHANGE-TRADED FUNDS - 0.9%
|
|||
|
|
Other Investment Pools & Funds - 0.9%
|
||
|
82,136
|
iShares Russell 1000 Growth ETF
|
$29,658,488
|
|
|
|
Total Exchange-Traded Funds
(cost $31,207,278)
|
|
$29,658,488
|
|
|
Total Long-Term Investments
(cost $2,507,394,958)
|
|
$3,337,553,178
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
|
Repurchase Agreements - 0.3%
|
||
|
$ 11,979,306
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$11,980,763; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $12,219,015
|
$11,979,306
|
|
|
|
Total Short-Term Investments
(cost $11,979,306)
|
$11,979,306
|
|
|
|
Total Investments
(cost $2,519,374,264)
|
98.2
%
|
$3,349,532,484
|
|
|
Other Assets and Liabilities
|
1.8
%
|
60,102,056
|
|
|
Net Assets
|
100.0
%
|
$3,409,634,540
|
|
*
|
Non-income producing.
|
|
|
10
|
|
|
(1)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $12,914,080 or 0.4% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
06/2015
|
HF Global, Inc.
|
350,600
|
$4,713,607
|
$7,243,396
|
|
12/2015
|
Magic Leap, Inc.
Class A
Convertible
Preferred
|
58
|
679,566
|
56
|
|
11/2013
|
Tory Burch LLC
|
115,140
|
9,024,247
|
5,670,628
|
|
|
|
|
$14,417,420
|
$12,914,080
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Currently no rate available.
|
|
Futures Contracts Outstanding at March 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
S&P 500 (E-Mini) Future
|
165
|
06/20/2025
|
$46,639,313
|
$(319,856
)
|
|
Total futures contracts
|
$(319,856
)
|
|||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$3,307,894,634
|
$3,228,136,935
|
$66,843,675
|
$12,914,024
|
|
Convertible Preferred Stocks
|
56
|
—
|
—
|
56
|
|
Exchange-Traded Funds
|
29,658,488
|
29,658,488
|
—
|
—
|
|
Short-Term Investments
|
11,979,306
|
—
|
11,979,306
|
—
|
|
Total
|
$3,349,532,484
|
$3,257,795,423
|
$78,822,981
|
$12,914,080
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(319,856
)
|
$(319,856
)
|
$—
|
$—
|
|
Total
|
$(319,856
)
|
$(319,856
)
|
$—
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
11
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.1%
|
|||
|
|
Automobiles & Components - 0.6%
|
||
|
66,017
|
Tesla, Inc.*
|
$17,108,966
|
|
|
|
Banks - 5.3%
|
||
|
903,717
|
Bank of America Corp.
|
37,712,110
|
|
|
267,992
|
JP Morgan Chase & Co.
|
65,738,438
|
|
|
601,527
|
Wells Fargo & Co.
|
43,183,623
|
|
|
|
|
|
146,634,171
|
|
|
Capital Goods - 7.3%
|
||
|
143,264
|
AMETEK, Inc.
|
24,661,465
|
|
|
108,589
|
Builders FirstSource, Inc.*
|
13,567,110
|
|
|
177,127
|
Emerson Electric Co.
|
19,420,205
|
|
|
69,896
|
GE Vernova, Inc.
|
21,337,851
|
|
|
87,193
|
General Dynamics Corp.
|
23,767,068
|
|
|
70,291
|
IDEX Corp.
|
12,720,562
|
|
|
307,441
|
Ingersoll Rand, Inc.
|
24,604,503
|
|
|
37,072
|
Parker-Hannifin Corp.
|
22,534,215
|
|
|
283,820
|
RTX Corp.
|
37,594,797
|
|
|
|
|
|
200,207,776
|
|
|
Commercial & Professional Services - 1.1%
|
||
|
127,852
|
Republic Services, Inc.
|
30,960,640
|
|
|
|
Consumer Discretionary Distribution & Retail - 6.6%
|
||
|
656,296
|
Amazon.com, Inc.*
|
124,866,877
|
|
|
8,225
|
AutoZone, Inc.*
|
31,360,116
|
|
|
193,858
|
TJX Cos., Inc.
|
23,611,904
|
|
|
38,805
|
Tory Burch LLC*(1)(2)
|
1,911,148
|
|
|
|
|
|
181,750,045
|
|
|
Consumer Durables & Apparel - 1.1%
|
||
|
84,716
|
Lennar Corp. Class A
|
9,723,702
|
|
|
306,658
|
NIKE, Inc. Class B
|
19,466,650
|
|
|
|
|
|
29,190,352
|
|
|
Consumer Services - 2.0%
|
||
|
108,199
|
Marriott International, Inc. Class A
|
25,773,002
|
|
|
92,795
|
McDonald's Corp.
|
28,986,374
|
|
|
|
|
|
54,759,376
|
|
|
Consumer Staples Distribution & Retail - 2.4%
|
||
|
179,886
|
BJ's Wholesale Club Holdings, Inc.*
|
20,524,993
|
|
|
511,056
|
Walmart, Inc.
|
44,865,606
|
|
|
|
|
|
65,390,599
|
|
|
Energy - 3.4%
|
||
|
299,864
|
ConocoPhillips
|
31,491,717
|
|
|
129,626
|
Expand Energy Corp.
|
14,429,966
|
|
|
395,473
|
Exxon Mobil Corp.
|
47,033,604
|
|
|
|
|
|
92,955,287
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.6%
|
||
|
129,130
|
American Tower Corp. REIT
|
28,098,688
|
|
|
129,134
|
Iron Mountain, Inc. REIT
|
11,110,690
|
|
|
220,930
|
Welltower, Inc. REIT
|
33,848,685
|
|
|
|
|
|
73,058,063
|
|
|
Financial Services - 4.6%
|
||
|
109,265
|
American Express Co.
|
29,397,748
|
|
|
130,840
|
Mastercard, Inc. Class A
|
71,716,021
|
|
|
330,989
|
Nasdaq, Inc.
|
25,108,826
|
|
|
|
|
|
126,222,595
|
|
|
Food, Beverage & Tobacco - 1.3%
|
||
|
426,017
|
Brown-Forman Corp. Class B
|
14,459,017
|
|
|
379,461
|
Monster Beverage Corp.*
|
22,206,058
|
|
|
|
|
|
36,665,075
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.1% - (continued)
|
|||
|
|
Health Care Equipment & Services - 6.6%
|
||
|
363,840
|
Abbott Laboratories
|
$48,263,376
|
|
|
367,850
|
Boston Scientific Corp.*
|
37,108,708
|
|
|
134,262
|
Cencora, Inc.
|
37,336,920
|
|
|
112,327
|
UnitedHealth Group, Inc.
|
58,831,266
|
|
|
|
|
|
181,540,270
|
|
|
Household & Personal Products - 2.0%
|
||
|
315,849
|
Procter & Gamble Co.
|
53,826,987
|
|
|
|
Insurance - 2.8%
|
||
|
173,066
|
Arch Capital Group Ltd.
|
16,645,488
|
|
|
83,907
|
Chubb Ltd.
|
25,339,075
|
|
|
127,349
|
Progressive Corp.
|
36,041,040
|
|
|
|
|
|
78,025,603
|
|
|
Materials - 2.8%
|
||
|
75,831
|
Linde PLC
|
35,309,947
|
|
|
149,080
|
RPM International, Inc.
|
17,245,574
|
|
|
74,120
|
Sherwin-Williams Co.
|
25,881,963
|
|
|
|
|
|
78,437,484
|
|
|
Media & Entertainment - 7.5%
|
||
|
685,109
|
Alphabet, Inc. Class A
|
105,945,256
|
|
|
104,435
|
Meta Platforms, Inc. Class A
|
60,192,156
|
|
|
41,971
|
Netflix, Inc.*
|
39,139,217
|
|
|
|
|
|
205,276,629
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 5.6%
|
||
|
77,002
|
Eli Lilly & Co.
|
63,596,722
|
|
|
389,947
|
Merck & Co., Inc.
|
35,001,643
|
|
|
43,486
|
Thermo Fisher Scientific, Inc.
|
21,638,633
|
|
|
68,771
|
Vertex Pharmaceuticals, Inc.*
|
33,341,556
|
|
|
|
|
|
153,578,554
|
|
|
Semiconductors & Semiconductor Equipment - 9.4%
|
||
|
376,571
|
Broadcom, Inc.
|
63,049,283
|
|
|
42,715
|
KLA Corp.
|
29,037,657
|
|
|
1,322,924
|
NVIDIA Corp.
|
143,378,503
|
|
|
125,227
|
Texas Instruments, Inc.
|
22,503,292
|
|
|
|
|
|
257,968,735
|
|
|
Software & Services - 9.8%
|
||
|
61,578
|
Accenture PLC Class A
|
19,214,799
|
|
|
451,172
|
Microsoft Corp.
|
169,365,457
|
|
|
58,654
|
Roper Technologies, Inc.
|
34,581,225
|
|
|
120,839
|
Salesforce, Inc.
|
32,428,354
|
|
|
63,611
|
Workday, Inc. Class A*
|
14,855,077
|
|
|
|
|
|
270,444,912
|
|
|
Technology Hardware & Equipment - 9.6%
|
||
|
948,489
|
Apple, Inc.
|
210,687,862
|
|
|
129,748
|
CDW Corp.
|
20,793,414
|
|
|
77,429
|
Motorola Solutions, Inc.
|
33,899,191
|
|
|
|
|
|
265,380,467
|
|
|
Telecommunication Services - 1.2%
|
||
|
122,564
|
T-Mobile U.S., Inc.
|
32,689,044
|
|
|
|
Utilities - 3.5%
|
||
|
223,829
|
Atmos Energy Corp.
|
34,599,487
|
|
|
1,646,319
|
PG&E Corp.
|
28,283,760
|
|
|
298,436
|
WEC Energy Group, Inc.
|
32,523,555
|
|
|
|
|
|
95,406,802
|
|
|
Total Common Stocks
(cost $1,584,577,608)
|
|
$2,727,478,432
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CONVERTIBLE PREFERRED STOCKS - 0.2%
|
|||
|
|
Health Care Equipment & Services - 0.1%
|
||
|
1,871,878
|
Lumeris Group Holdings Corp.*(1)(2)(3)
|
$3,331,943
|
|
|
|
Telecommunication Services - 0.1%
|
||
|
287,204
|
Lookout, Inc. Series F*(1)(2)(3)
|
1,591,110
|
|
|
|
Total Convertible Preferred Stocks
(cost $6,240,761)
|
|
$4,923,053
|
|
|
Total Long-Term Investments
(cost $1,590,818,369)
|
|
$2,732,401,485
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 4,427,383
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$4,427,922; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $4,515,948
|
$4,427,383
|
|
|
|
Total Short-Term Investments
(cost $4,427,383)
|
$4,427,383
|
|
|
|
Total Investments
(cost $1,595,245,752)
|
99.5
%
|
$2,736,828,868
|
|
|
Other Assets and Liabilities
|
0.5
%
|
15,066,034
|
|
|
Net Assets
|
100.0
%
|
$2,751,894,902
|
|
*
|
Non-income producing.
|
|
(1)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $6,834,201 or 0.2% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
07/2014
|
Lookout, Inc. Series F
Convertible
Preferred
|
287,204
|
$3,280,760
|
$1,591,110
|
|
05/2014
|
Lumeris Group
Holdings Corp.
Convertible
Preferred
|
1,871,878
|
2,960,001
|
3,331,943
|
|
11/2013
|
Tory Burch LLC
|
38,805
|
3,041,403
|
1,911,148
|
|
|
|
|
$9,282,164
|
$6,834,201
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Currently no rate available.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$2,727,478,432
|
$2,725,567,284
|
$—
|
$1,911,148
|
|
Convertible Preferred Stocks
|
4,923,053
|
—
|
—
|
4,923,053
|
|
Short-Term Investments
|
4,427,383
|
—
|
4,427,383
|
—
|
|
Total
|
$2,736,828,868
|
$2,725,567,284
|
$4,427,383
|
$6,834,201
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.0%
|
|||
|
|
Banks - 8.5%
|
||
|
1,808,483
|
Bank of America Corp.
|
$75,467,996
|
|
|
486,598
|
JP Morgan Chase & Co.
|
119,362,489
|
|
|
1,089,903
|
Wells Fargo & Co.
|
78,244,136
|
|
|
|
|
|
273,074,621
|
|
|
Capital Goods - 9.1%
|
||
|
350,647
|
Airbus SE
|
61,743,887
|
|
|
159,441
|
General Dynamics Corp.
|
43,460,428
|
|
|
184,833
|
Honeywell International, Inc.
|
39,138,388
|
|
|
98,531
|
Lockheed Martin Corp.
|
44,014,783
|
|
|
453,547
|
Otis Worldwide Corp.
|
46,806,050
|
|
|
311,113
|
Westinghouse Air Brake Technologies Corp.
|
56,420,343
|
|
|
|
|
|
291,583,879
|
|
|
Consumer Discretionary Distribution & Retail - 4.5%
|
||
|
115,138
|
Home Depot, Inc.
|
42,196,926
|
|
|
244,739
|
Lowe's Cos., Inc.
|
57,080,477
|
|
|
382,209
|
TJX Cos., Inc.
|
46,553,056
|
|
|
|
|
|
145,830,459
|
|
|
Consumer Services - 1.1%
|
||
|
4,308
|
Booking Holdings, Inc.
|
19,846,568
|
|
|
172,806
|
Starbucks Corp.
|
16,950,541
|
|
|
|
|
|
36,797,109
|
|
|
Energy - 7.1%
|
||
|
75,376
|
Chevron Corp.
|
12,609,651
|
|
|
451,402
|
ConocoPhillips
|
47,406,238
|
|
|
1,699,564
|
Coterra Energy, Inc.
|
49,117,400
|
|
|
351,624
|
EQT Corp.
|
18,787,270
|
|
|
662,460
|
TotalEnergies SE ADR
|
42,854,537
|
|
|
946,576
|
Williams Cos., Inc.
|
56,567,382
|
|
|
|
|
|
227,342,478
|
|
|
Equity Real Estate Investment Trusts (REITs) - 4.0%
|
||
|
133,455
|
American Tower Corp. REIT
|
29,039,808
|
|
|
147,925
|
AvalonBay Communities, Inc. REIT
|
31,747,664
|
|
|
86,973
|
Public Storage REIT
|
26,030,149
|
|
|
279,223
|
Welltower, Inc. REIT
|
42,779,756
|
|
|
|
|
|
129,597,377
|
|
|
Financial Services - 7.0%
|
||
|
179,988
|
American Express Co.
|
48,425,771
|
|
|
33,476
|
Blackrock, Inc.
|
31,684,365
|
|
|
457,152
|
Morgan Stanley
|
53,335,924
|
|
|
70,589
|
S&P Global, Inc.
|
35,866,271
|
|
|
163,209
|
Visa, Inc. Class A
|
57,198,226
|
|
|
|
|
|
226,510,557
|
|
|
Food, Beverage & Tobacco - 3.7%
|
||
|
1,102,962
|
Keurig Dr. Pepper, Inc.
|
37,743,359
|
|
|
466,730
|
Philip Morris International, Inc.
|
74,084,053
|
|
|
140,006
|
Tyson Foods, Inc. Class A
|
8,933,783
|
|
|
|
|
|
120,761,195
|
|
|
Health Care Equipment & Services - 6.3%
|
||
|
125,275
|
Elevance Health, Inc.
|
54,489,614
|
|
|
109,087
|
HCA Healthcare, Inc.
|
37,695,013
|
|
|
208,586
|
UnitedHealth Group, Inc.
|
109,246,917
|
|
|
|
|
|
201,431,544
|
|
|
Household & Personal Products - 2.2%
|
||
|
1,167,260
|
Kenvue, Inc.
|
27,990,895
|
|
|
746,333
|
Unilever PLC ADR
|
44,444,130
|
|
|
|
|
|
72,435,025
|
|
|
Insurance - 3.0%
|
||
|
484,053
|
American International Group, Inc.
|
42,083,568
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.0% - (continued)
|
|||
|
|
Insurance - 3.0% - (continued)
|
||
|
123,404
|
Marsh & McLennan Cos., Inc.
|
$30,114,278
|
|
|
279,496
|
Principal Financial Group, Inc.
|
23,581,077
|
|
|
|
|
|
95,778,923
|
|
|
Materials - 2.0%
|
||
|
3,602,565
|
Amcor PLC
|
34,944,880
|
|
|
636,116
|
BHP Group Ltd. ADR
|
30,877,071
|
|
|
|
|
|
65,821,951
|
|
|
Media & Entertainment - 5.6%
|
||
|
656,495
|
Alphabet, Inc. Class A
|
101,520,387
|
|
|
407,589
|
Omnicom Group, Inc.
|
33,793,204
|
|
|
464,987
|
Walt Disney Co.
|
45,894,217
|
|
|
|
|
|
181,207,808
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 9.3%
|
||
|
222,846
|
Agilent Technologies, Inc.
|
26,068,525
|
|
|
596,929
|
AstraZeneca PLC ADR
|
43,874,282
|
|
|
564,588
|
Gilead Sciences, Inc.
|
63,262,085
|
|
|
3,987,765
|
Haleon PLC
|
20,139,016
|
|
|
1,056,240
|
Haleon PLC ADR
|
10,868,710
|
|
|
482,103
|
Merck & Co., Inc.
|
43,273,565
|
|
|
366,132
|
Novartis AG ADR
|
40,816,395
|
|
|
1,973,585
|
Pfizer, Inc.
|
50,010,644
|
|
|
|
|
|
298,313,222
|
|
|
Semiconductors & Semiconductor Equipment - 3.9%
|
||
|
93,619
|
Broadcom, Inc.
|
15,674,629
|
|
|
303,444
|
NXP Semiconductors NV
|
57,672,567
|
|
|
332,356
|
QUALCOMM, Inc.
|
51,053,205
|
|
|
|
|
|
124,400,401
|
|
|
Software & Services - 9.0%
|
||
|
83,642
|
Accenture PLC Class A
|
26,099,650
|
|
|
825,675
|
Cognizant Technology Solutions Corp. Class A
|
63,164,137
|
|
|
392,508
|
Microsoft Corp.
|
147,343,578
|
|
|
91,351
|
Roper Technologies, Inc.
|
53,858,723
|
|
|
|
|
|
290,466,088
|
|
|
Technology Hardware & Equipment - 4.4%
|
||
|
330,411
|
Apple, Inc.
|
73,394,195
|
|
|
1,081,287
|
Cisco Systems, Inc.
|
66,726,221
|
|
|
|
|
|
140,120,416
|
|
|
Transportation - 1.5%
|
||
|
414,702
|
Delta Air Lines, Inc.
|
18,081,007
|
|
|
209,719
|
JB Hunt Transport Services, Inc.
|
31,027,926
|
|
|
|
|
|
49,108,933
|
|
|
Utilities - 6.8%
|
||
|
501,655
|
American Electric Power Co., Inc.
|
54,815,842
|
|
|
371,723
|
Duke Energy Corp.
|
45,339,054
|
|
|
1,360,061
|
Exelon Corp.
|
62,671,611
|
|
|
788,193
|
Sempra
|
56,245,453
|
|
|
|
|
|
219,071,960
|
|
|
Total Common Stocks
(cost $2,066,297,731)
|
|
$3,189,653,946
|
|
|
14
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 5,919,451
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$5,920,171; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $6,037,919
|
$5,919,451
|
|
|
|
Total Short-Term Investments
(cost $5,919,451)
|
$5,919,451
|
|
|
|
Total Investments
(cost $2,072,217,182)
|
99.2
%
|
$3,195,573,397
|
|
|
Other Assets and Liabilities
|
0.8
%
|
25,341,125
|
|
|
Net Assets
|
100.0
%
|
$3,220,914,522
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$3,189,653,946
|
$3,107,771,043
|
$81,882,903
|
$—
|
|
Short-Term Investments
|
5,919,451
|
—
|
5,919,451
|
—
|
|
Total
|
$3,195,573,397
|
$3,107,771,043
|
$87,802,354
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
15
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.2%
|
|||
|
|
Biotechnology - 20.2%
|
||
|
13,084
|
AbbVie, Inc.
|
$2,741,360
|
|
|
7,581
|
Akero Therapeutics, Inc.*
|
306,879
|
|
|
2,467
|
Alnylam Pharmaceuticals, Inc.*
|
666,139
|
|
|
2,268
|
Amgen, Inc.
|
706,595
|
|
|
27,015
|
Amicus Therapeutics, Inc.*
|
220,442
|
|
|
10,844
|
Apellis Pharmaceuticals, Inc.*
|
237,158
|
|
|
8,049
|
Apogee Therapeutics, Inc.*
|
300,711
|
|
|
18,606
|
Arcus Biosciences, Inc.*
|
146,057
|
|
|
1,982
|
Argenx SE ADR*
|
1,173,076
|
|
|
3,975
|
Ascendis Pharma AS ADR*
|
619,544
|
|
|
20,553
|
Avidity Biosciences, Inc.*
|
606,725
|
|
|
1,446
|
Biogen, Inc.*
|
197,871
|
|
|
3,748
|
Blueprint Medicines Corp.*
|
331,736
|
|
|
12,041
|
Celldex Therapeutics, Inc.*
|
218,544
|
|
|
8,611
|
Crinetics Pharmaceuticals, Inc.*
|
288,813
|
|
|
8,884
|
Cytokinetics, Inc.*
|
357,048
|
|
|
5,996
|
Disc Medicine, Inc.*
|
297,641
|
|
|
20,210
|
Exact Sciences Corp.*
|
874,891
|
|
|
13,434
|
Gilead Sciences, Inc.
|
1,505,280
|
|
|
7,748
|
Immunocore Holdings PLC ADR*
|
229,883
|
|
|
6,979
|
Ionis Pharmaceuticals, Inc.*
|
210,556
|
|
|
3,633
|
Janux Therapeutics, Inc.*
|
98,091
|
|
|
8,725
|
Kymera Therapeutics, Inc.*
|
238,803
|
|
|
10,354
|
Merus NV*
|
435,800
|
|
|
3,295
|
Natera, Inc.*
|
465,946
|
|
|
7,413
|
Newamsterdam Pharma Co. NV*
|
151,744
|
|
|
16,897
|
Nurix Therapeutics, Inc.*
|
200,736
|
|
|
4,657
|
Nuvalent, Inc. Class A*
|
330,275
|
|
|
8,192
|
PTC Therapeutics, Inc.*
|
417,464
|
|
|
16,767
|
Revolution Medicines, Inc.*
|
592,881
|
|
|
24,137
|
Rocket Pharmaceuticals, Inc.*
|
160,994
|
|
|
5,954
|
Sarepta Therapeutics, Inc.*
|
379,984
|
|
|
73,505
|
Savara, Inc.*
|
203,609
|
|
|
12,892
|
Scholar Rock Holding Corp.*
|
414,478
|
|
|
9,436
|
Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd.*
|
354,817
|
|
|
6,631
|
Soleno Therapeutics, Inc.*
|
473,785
|
|
|
12,222
|
Spyre Therapeutics, Inc.*
|
197,202
|
|
|
10,643
|
Ultragenyx Pharmaceutical, Inc.*
|
385,383
|
|
|
2,802
|
United Therapeutics Corp.*
|
863,773
|
|
|
8,224
|
Vaxcyte, Inc.*
|
310,538
|
|
|
6,839
|
Vertex Pharmaceuticals, Inc.*
|
3,315,684
|
|
|
9,163
|
Xenon Pharmaceuticals, Inc.*
|
307,419
|
|
|
11,614
|
Zai Lab Ltd. ADR*
|
419,730
|
|
|
|
|
|
22,956,085
|
|
|
Health Care Distributors - 2.5%
|
||
|
10,179
|
Cencora, Inc.
|
2,830,678
|
|
|
|
Health Care Equipment - 16.0%
|
||
|
14,746
|
Abbott Laboratories
|
1,956,057
|
|
|
52,818
|
Boston Scientific Corp.*
|
5,328,280
|
|
|
16,726
|
Dexcom, Inc.*
|
1,142,219
|
|
|
4,844
|
DiaSorin SpA
|
481,065
|
|
|
15,452
|
Edwards Lifesciences Corp.*
|
1,119,961
|
|
|
7,734
|
Glaukos Corp.*
|
761,180
|
|
|
4,939
|
Hologic, Inc.*
|
305,082
|
|
|
3,959
|
Insulet Corp.*
|
1,039,673
|
|
|
7,734
|
Intuitive Surgical, Inc.*
|
3,830,418
|
|
|
12,631
|
Medtronic PLC
|
1,135,022
|
|
|
2,823
|
Stryker Corp.
|
1,050,862
|
|
|
|
|
|
18,149,819
|
|
|
Health Care Facilities - 4.7%
|
||
|
25,421
|
Acadia Healthcare Co., Inc.*
|
770,765
|
|
|
31,952
|
Ardent Health Partners, Inc.*
|
439,340
|
|
|
9,529
|
Encompass Health Corp.
|
965,097
|
|
|
7,259
|
HCA Healthcare, Inc.
|
2,508,347
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.2% - (continued)
|
|||
|
|
Health Care Facilities - 4.7% - (continued)
|
||
|
19,615
|
PACS Group, Inc.*
|
$220,473
|
|
|
19,682
|
Surgery Partners, Inc.*
|
467,447
|
|
|
|
|
|
5,371,469
|
|
|
Health Care Services - 3.7%
|
||
|
5,867
|
Addus HomeCare Corp.*
|
580,187
|
|
|
90,878
|
agilon health, Inc.*
|
393,502
|
|
|
4,324
|
Labcorp Holdings, Inc.
|
1,006,368
|
|
|
107,746
|
LifeStance Health Group, Inc.*
|
717,588
|
|
|
26,845
|
Option Care Health, Inc.*
|
938,233
|
|
|
24,695
|
Privia Health Group, Inc.*
|
554,403
|
|
|
|
|
|
4,190,281
|
|
|
Health Care Supplies - 0.4%
|
||
|
2,535
|
Align Technology, Inc.*
|
402,710
|
|
|
|
Health Care Technology - 0.3%
|
||
|
34,930
|
Evolent Health, Inc. Class A*
|
330,787
|
|
|
|
Life Sciences Tools & Services - 8.4%
|
||
|
8,121
|
Agilent Technologies, Inc.
|
949,995
|
|
|
5,705
|
Bio-Techne Corp.
|
334,484
|
|
|
7,838
|
Danaher Corp.
|
1,606,790
|
|
|
6,660
|
ICON PLC*
|
1,165,433
|
|
|
13,533
|
Qiagen NV*
|
543,350
|
|
|
1,120
|
Tecan Group AG
|
213,112
|
|
|
6,276
|
Thermo Fisher Scientific, Inc.
|
3,122,938
|
|
|
4,439
|
Waters Corp.*
|
1,636,082
|
|
|
|
|
|
9,572,184
|
|
|
Managed Health Care - 14.9%
|
||
|
50,666
|
Alignment Healthcare, Inc.*
|
943,401
|
|
|
24,340
|
Centene Corp.*
|
1,477,681
|
|
|
1,773
|
Elevance Health, Inc.
|
771,184
|
|
|
4,529
|
Humana, Inc.
|
1,198,373
|
|
|
3,617
|
Molina Healthcare, Inc.*
|
1,191,404
|
|
|
21,602
|
UnitedHealth Group, Inc.
|
11,314,048
|
|
|
|
|
|
16,896,091
|
|
|
Pharmaceuticals - 28.1%
|
||
|
23,085
|
Astellas Pharma, Inc.
|
224,721
|
|
|
27,049
|
AstraZeneca PLC ADR
|
1,988,102
|
|
|
3,207
|
Axsome Therapeutics, Inc.*
|
374,032
|
|
|
26,208
|
Bristol-Myers Squibb Co.
|
1,598,426
|
|
|
29,792
|
Daiichi Sankyo Co. Ltd.
|
709,463
|
|
|
48,788
|
Elanco Animal Health, Inc.*
|
512,274
|
|
|
17,779
|
Eli Lilly & Co.
|
14,683,854
|
|
|
9,338
|
Galderma Group AG*
|
987,630
|
|
|
32,714
|
GSK PLC
|
625,171
|
|
|
17,348
|
Johnson & Johnson
|
2,876,992
|
|
|
49,348
|
Merck & Co., Inc.
|
4,429,477
|
|
|
12,343
|
Novo Nordisk AS Class B
|
843,993
|
|
|
13,649
|
Structure Therapeutics, Inc. ADR*
|
236,264
|
|
|
5,589
|
UCB SA
|
984,025
|
|
|
11,819
|
Verona Pharma PLC ADR*
|
750,388
|
|
|
|
|
|
31,824,812
|
|
|
Total Common Stocks
(cost $80,149,181)
|
|
$112,524,916
|
|
RIGHTS - 0.0%
|
|||
|
|
Health Care Equipment - 0.0%
|
||
|
885
|
Abiomed, Inc. CVR*(1)(2)(3)
|
$903
|
|
|
|
Total Rights
(cost $903)
|
|
$903
|
|
|
Total Long-Term Investments
(cost $80,150,084)
|
|
$112,525,819
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 175,164
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due on
04/01/2025 with a maturity value of $175,185;
collateralized by U.S. Treasury Note at 4.25%,
maturing 03/15/2027, with a market value of
$178,867
|
$175,164
|
|
|
|
Total Short-Term Investments
(cost $175,164)
|
$175,164
|
|
|
|
Total Investments
(cost $80,325,248)
|
99.3
%
|
$112,700,983
|
|
|
Other Assets and Liabilities
|
0.7
%
|
737,990
|
|
|
Net Assets
|
100.0
%
|
$113,438,973
|
|
*
|
Non-income producing.
|
|
(1)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $903 or 0.0% of net
assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
12/2022
|
Abiomed, Inc. CVR
|
885
|
$903
|
$903
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Currently no expiration date available.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$112,524,916
|
$108,088,549
|
$4,436,367
|
$—
|
|
Rights
|
903
|
—
|
—
|
903
|
|
Short-Term Investments
|
175,164
|
—
|
175,164
|
—
|
|
Total
|
$112,700,983
|
$108,088,549
|
$4,611,531
|
$903
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
17
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.9%
|
|||
|
|
Brazil - 2.2%
|
||
|
2,949
|
MercadoLibre, Inc.*
|
$5,753,116
|
|
|
2,202,100
|
TIM SA
|
6,946,140
|
|
|
435,618
|
XP, Inc. Class A
|
5,989,747
|
|
|
|
|
|
18,689,003
|
|
|
Canada - 6.3%
|
||
|
567,321
|
Cenovus Energy, Inc.
|
7,884,660
|
|
|
3,835
|
Constellation Software, Inc.
|
12,145,175
|
|
|
114,412
|
RB Global, Inc.
|
11,482,940
|
|
|
121,336
|
Royal Bank of Canada
|
13,667,743
|
|
|
94,598
|
Shopify, Inc. Class A*
|
8,999,316
|
|
|
|
|
|
54,179,834
|
|
|
Chile - 0.6%
|
||
|
630,156
|
Lundin Mining Corp.
|
5,105,882
|
|
|
|
China - 6.6%
|
||
|
1,185,374
|
ENN Energy Holdings Ltd.
|
9,797,441
|
|
|
354,290
|
KE Holdings, Inc. ADR
|
7,117,686
|
|
|
505,876
|
Meituan Class B*(1)
|
10,179,473
|
|
|
637,378
|
Proya Cosmetics Co. Ltd. Class A
|
7,265,282
|
|
|
345,313
|
Tencent Holdings Ltd.
|
22,064,086
|
|
|
|
|
|
56,423,968
|
|
|
Denmark - 1.2%
|
||
|
148,200
|
Novo Nordisk AS Class B
|
10,133,663
|
|
|
|
France - 9.4%
|
||
|
220,562
|
Accor SA
|
10,058,783
|
|
|
72,807
|
Airbus SE
|
12,820,264
|
|
|
56,676
|
Capgemini SE
|
8,516,024
|
|
|
79,656
|
Cie de Saint-Gobain SA
|
7,935,071
|
|
|
2,907
|
Hermes International SCA
|
7,648,660
|
|
|
932,538
|
Orange SA
|
12,080,221
|
|
|
210,467
|
Renault SA
|
10,661,519
|
|
|
249,348
|
Societe Generale SA
|
11,249,057
|
|
|
|
|
|
80,969,599
|
|
|
Germany - 14.3%
|
||
|
45,007
|
adidas AG
|
10,615,368
|
|
|
54,458
|
Allianz SE
|
20,841,598
|
|
|
533,351
|
Deutsche Telekom AG
|
19,691,301
|
|
|
938,279
|
E.ON SE
|
14,163,070
|
|
|
362,722
|
Infineon Technologies AG
|
12,091,291
|
|
|
39,679
|
Merck KGaA
|
5,460,222
|
|
|
70,892
|
SAP SE
|
18,995,483
|
|
|
62,323
|
Siemens AG
|
14,393,261
|
|
|
113,684
|
Siemens Energy AG*
|
6,739,411
|
|
|
|
|
|
122,991,005
|
|
|
Hong Kong - 2.7%
|
||
|
1,822,396
|
AIA Group Ltd.
|
13,795,296
|
|
|
215,020
|
Hong Kong Exchanges & Clearing Ltd.
|
9,564,994
|
|
|
|
|
|
23,360,290
|
|
|
India - 3.5%
|
||
|
964,396
|
Axis Bank Ltd.
|
12,370,753
|
|
|
208,729
|
Larsen & Toubro Ltd.
|
8,488,230
|
|
|
623,940
|
Reliance Industries Ltd.
|
9,276,314
|
|
|
|
|
|
30,135,297
|
|
|
Indonesia - 0.8%
|
||
|
12,988,520
|
Bank Central Asia Tbk. PT
|
6,666,813
|
|
|
|
Italy - 2.2%
|
||
|
3,034,094
|
Saipem SpA*
|
7,039,540
|
|
|
216,963
|
UniCredit SpA
|
12,178,586
|
|
|
|
|
|
19,218,126
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 97.9% - (continued)
|
|||
|
|
Japan - 13.4%
|
||
|
60,300
|
Daikin Industries Ltd.
|
$6,543,672
|
|
|
21,900
|
Fast Retailing Co. Ltd.
|
6,519,439
|
|
|
22,300
|
Hikari Tsushin, Inc.
|
5,755,503
|
|
|
271,330
|
ITOCHU Corp.
|
12,595,938
|
|
|
25,022
|
Keyence Corp.
|
9,838,897
|
|
|
1,220,538
|
Mitsubishi UFJ Financial Group, Inc.
|
16,640,587
|
|
|
223,200
|
Nomura Research Institute Ltd.
|
7,265,685
|
|
|
58,700
|
Recruit Holdings Co. Ltd.
|
3,041,319
|
|
|
431,500
|
Renesas Electronics Corp.
|
5,787,559
|
|
|
138,000
|
SoftBank Group Corp.
|
7,058,686
|
|
|
679,900
|
Sony Group Corp.
|
17,203,502
|
|
|
298,100
|
Sumitomo Mitsui Trust Group, Inc.
|
7,503,556
|
|
|
452,199
|
T&D Holdings, Inc.
|
9,678,429
|
|
|
|
|
|
115,432,772
|
|
|
Netherlands - 2.2%
|
||
|
21,291
|
ASML Holding NV
|
14,089,811
|
|
|
56,108
|
EXOR NV
|
5,095,341
|
|
|
|
|
|
19,185,152
|
|
|
Singapore - 1.0%
|
||
|
3,491,244
|
Singapore Telecommunications Ltd.
|
8,855,022
|
|
|
|
South Africa - 1.3%
|
||
|
382,843
|
Anglo American PLC
|
10,730,460
|
|
|
|
South Korea - 2.6%
|
||
|
382,649
|
KT Corp. ADR
|
6,776,714
|
|
|
199,596
|
Shinhan Financial Group Co. Ltd.
|
6,387,641
|
|
|
71,929
|
SK Hynix, Inc.
|
9,588,565
|
|
|
|
|
|
22,752,920
|
|
|
Switzerland - 1.8%
|
||
|
53,516
|
Cie Financiere Richemont SA Class A
|
9,342,063
|
|
|
56,641
|
Galderma Group AG*
|
5,990,616
|
|
|
|
|
|
15,332,679
|
|
|
Taiwan - 3.4%
|
||
|
1,023,806
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
28,833,430
|
|
|
|
United Kingdom - 13.3%
|
||
|
112,449
|
Ashtead Group PLC
|
6,079,751
|
|
|
114,482
|
AstraZeneca PLC
|
16,811,069
|
|
|
593,961
|
BAE Systems PLC
|
11,993,542
|
|
|
3,109,393
|
Barclays PLC
|
11,691,416
|
|
|
334,928
|
Imperial Brands PLC
|
12,392,954
|
|
|
117,440
|
London Stock Exchange Group PLC
|
17,443,027
|
|
|
153,626
|
Reckitt Benckiser Group PLC
|
10,388,258
|
|
|
783,943
|
Standard Chartered PLC
|
11,633,211
|
|
|
270,082
|
Unilever PLC
|
16,114,987
|
|
|
|
|
|
114,548,215
|
|
|
United States - 9.1%
|
||
|
14,958
|
CyberArk Software Ltd.*
|
5,055,804
|
|
|
131,556
|
GFL Environmental, Inc.
|
6,355,470
|
|
|
575,113
|
GSK PLC
|
10,990,517
|
|
|
2,748,694
|
Haleon PLC
|
13,881,458
|
|
|
23,921
|
Linde PLC
|
11,185,140
|
|
|
624,069
|
Shell PLC
|
22,837,540
|
|
|
13,850
|
Spotify Technology SA*
|
7,617,915
|
|
|
|
|
|
77,923,844
|
|
|
Total Common Stocks
(cost $667,227,798)
|
|
$841,467,974
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
WARRANTS - 0.0%
|
|||
|
|
Canada - 0.0%
|
||
|
5,095
|
Constellation Software, Inc. Expires
03/31/2040*(2)(3)
|
$—
|
|
|
|
Total Warrants
(cost $—)
|
|
$—
|
|
|
Total Long-Term Investments
(cost $667,227,798)
|
|
$841,467,974
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 1,590,045
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$1,590,238; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $1,621,964
|
$1,590,045
|
|
|
|
Total Short-Term Investments
(cost $1,590,045)
|
$1,590,045
|
|
|
|
Total Investments
(cost $668,817,843)
|
98.1
%
|
$843,058,019
|
|
|
Other Assets and Liabilities
|
1.9
%
|
16,666,090
|
|
|
Net Assets
|
100.0
%
|
$859,724,109
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At March 31, 2025, the aggregate value of this security was
$10,179,473, representing 1.2% of net assets.
|
|
(2)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $0 or 0.0% of net
assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
08/2023
|
Constellation Software,
Inc. Expires
03/31/2040 Warrants
|
5,095
|
$—
|
$—
|
|
(3)
|
Investment valued using significant unobservable inputs.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$841,467,974
|
$123,555,737
|
$717,912,237
|
$—
|
|
Warrants
|
—
|
—
|
—
|
—
|
|
Short-Term Investments
|
1,590,045
|
—
|
1,590,045
|
—
|
|
Total
|
$843,058,019
|
$123,555,737
|
$719,502,282
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.6%
|
|||
|
|
Capital Goods - 12.6%
|
||
|
40,090
|
Acuity, Inc.
|
$10,557,701
|
|
|
22,103
|
Axon Enterprise, Inc.*
|
11,625,073
|
|
|
24,828
|
Builders FirstSource, Inc.*
|
3,102,010
|
|
|
149,617
|
Fastenal Co.
|
11,602,798
|
|
|
140,261
|
Graco, Inc.
|
11,713,196
|
|
|
8,916
|
HEICO Corp. Class A
|
1,881,009
|
|
|
58,631
|
IDEX Corp.
|
10,610,452
|
|
|
111,161
|
Ingersoll Rand, Inc.
|
8,896,215
|
|
|
16,650
|
Lennox International, Inc.
|
9,337,820
|
|
|
95,667
|
Vertiv Holdings Co. Class A
|
6,907,157
|
|
|
11,213
|
Watsco, Inc.
|
5,699,568
|
|
|
|
|
|
91,932,999
|
|
|
Commercial & Professional Services - 6.1%
|
||
|
53,464
|
Clean Harbors, Inc.*
|
10,537,754
|
|
|
96,185
|
Copart, Inc.*
|
5,443,109
|
|
|
163,478
|
Dayforce, Inc.*
|
9,535,672
|
|
|
222,460
|
Rollins, Inc.
|
12,019,514
|
|
|
84,270
|
TransUnion
|
6,993,567
|
|
|
|
|
|
44,529,616
|
|
|
Consumer Discretionary Distribution & Retail - 5.5%
|
||
|
58,794
|
Boot Barn Holdings, Inc.*
|
6,316,240
|
|
|
52,707
|
Floor & Decor Holdings, Inc. Class A*
|
4,241,332
|
|
|
13,925
|
O'Reilly Automotive, Inc.*
|
19,948,677
|
|
|
17,526
|
Pool Corp.
|
5,579,402
|
|
|
119,419
|
Valvoline, Inc.*
|
4,156,975
|
|
|
|
|
|
40,242,626
|
|
|
Consumer Durables & Apparel - 4.3%
|
||
|
134,914
|
Deckers Outdoor Corp.*
|
15,084,734
|
|
|
2,265
|
NVR, Inc.*
|
16,408,544
|
|
|
|
|
|
31,493,278
|
|
|
Consumer Services - 6.7%
|
||
|
21,467
|
Domino's Pizza, Inc.
|
9,863,013
|
|
|
61,914
|
DoorDash, Inc. Class A*
|
11,316,022
|
|
|
460,454
|
DraftKings, Inc. Class A*
|
15,291,677
|
|
|
98,047
|
Hyatt Hotels Corp. Class A
|
12,010,758
|
|
|
|
|
|
48,481,470
|
|
|
Consumer Staples Distribution & Retail - 1.3%
|
||
|
21,397
|
Casey's General Stores, Inc.
|
9,287,154
|
|
|
|
Energy - 4.8%
|
||
|
76,990
|
Antero Resources Corp.*
|
3,113,476
|
|
|
67,166
|
EQT Corp.
|
3,588,679
|
|
|
122,406
|
Targa Resources Corp.
|
24,538,731
|
|
|
81,428
|
Viper Energy, Inc.
|
3,676,474
|
|
|
|
|
|
34,917,360
|
|
|
Equity Real Estate Investment Trusts (REITs) - 0.6%
|
||
|
40,504
|
Lamar Advertising Co. Class A, REIT
|
4,608,545
|
|
|
|
Financial Services - 11.7%
|
||
|
73,964
|
Ares Management Corp. Class A
|
10,843,862
|
|
|
19,960
|
Coinbase Global, Inc. Class A*
|
3,437,711
|
|
|
100,753
|
Hamilton Lane, Inc. Class A
|
14,978,948
|
|
|
73,130
|
Interactive Brokers Group, Inc. Class A
|
12,109,597
|
|
|
52,723
|
Morningstar, Inc.
|
15,810,046
|
|
|
633,913
|
Rocket Cos., Inc. Class A
|
7,651,330
|
|
|
137,231
|
Tradeweb Markets, Inc. Class A
|
20,373,314
|
|
|
|
|
|
85,204,808
|
|
|
Food, Beverage & Tobacco - 0.8%
|
||
|
168,983
|
Celsius Holdings, Inc.*
|
6,019,174
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.6% - (continued)
|
|||
|
|
Health Care Equipment & Services - 4.2%
|
||
|
15,371
|
IDEXX Laboratories, Inc.*
|
$6,455,052
|
|
|
6,226
|
Molina Healthcare, Inc.*
|
2,050,782
|
|
|
18,796
|
STERIS PLC
|
4,260,113
|
|
|
77,460
|
Veeva Systems, Inc. Class A*
|
17,942,060
|
|
|
|
|
|
30,708,007
|
|
|
Household & Personal Products - 0.6%
|
||
|
70,600
|
elf Beauty, Inc.*
|
4,432,974
|
|
|
|
Insurance - 2.3%
|
||
|
4,088
|
Markel Group, Inc.*
|
7,642,966
|
|
|
57,281
|
RLI Corp.
|
4,601,383
|
|
|
62,859
|
Ryan Specialty Holdings, Inc.
|
4,643,394
|
|
|
|
|
|
16,887,743
|
|
|
Materials - 0.5%
|
||
|
152,191
|
Element Solutions, Inc.
|
3,441,039
|
|
|
|
Media & Entertainment - 1.2%
|
||
|
154,924
|
Trade Desk, Inc. Class A*
|
8,477,441
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.3%
|
||
|
61,436
|
Bio-Techne Corp.
|
3,601,993
|
|
|
34,015
|
ICON PLC*
|
5,952,285
|
|
|
8,479
|
Mettler-Toledo International, Inc.*
|
10,012,936
|
|
|
84,828
|
Natera, Inc.*
|
11,995,527
|
|
|
38,785
|
Waters Corp.*
|
14,294,987
|
|
|
|
|
|
45,857,728
|
|
|
Semiconductors & Semiconductor Equipment - 4.4%
|
||
|
29,565
|
Entegris, Inc.
|
2,586,346
|
|
|
123,614
|
Marvell Technology, Inc.
|
7,610,914
|
|
|
74,957
|
MKS Instruments, Inc.
|
6,007,804
|
|
|
20,970
|
Monolithic Power Systems, Inc.
|
12,162,181
|
|
|
30,631
|
Onto Innovation, Inc.*
|
3,716,765
|
|
|
|
|
|
32,084,010
|
|
|
Software & Services - 21.5%
|
||
|
69,014
|
AppLovin Corp. Class A*
|
18,286,640
|
|
|
395,704
|
Clearwater Analytics Holdings, Inc. Class A*
|
10,604,867
|
|
|
580
|
Constellation Software, Inc.
|
1,836,819
|
|
|
40,541
|
CyberArk Software Ltd.*
|
13,702,858
|
|
|
97,865
|
Datadog, Inc. Class A*
|
9,709,187
|
|
|
4,171
|
Fair Isaac Corp.*
|
7,691,991
|
|
|
12,488
|
Gartner, Inc.*
|
5,241,713
|
|
|
32,990
|
Guidewire Software, Inc.*
|
6,181,007
|
|
|
23,817
|
HubSpot, Inc.*
|
13,606,414
|
|
|
21,565
|
MongoDB, Inc.*
|
3,782,501
|
|
|
399,303
|
Palantir Technologies, Inc. Class A*
|
33,701,173
|
|
|
149,666
|
Procore Technologies, Inc.*
|
9,880,949
|
|
|
45,105
|
PTC, Inc.*
|
6,989,020
|
|
|
20,793
|
Tyler Technologies, Inc.*
|
12,088,842
|
|
|
169,332
|
Unity Software, Inc.*
|
3,317,214
|
|
|
|
|
|
156,621,195
|
|
|
Technology Hardware & Equipment - 0.9%
|
||
|
38,445
|
CDW Corp.
|
6,161,196
|
|
|
|
Transportation - 0.8%
|
||
|
35,042
|
Expeditors International of Washington, Inc.
|
4,213,801
|
|
|
5,073
|
Saia, Inc.*
|
1,772,658
|
|
|
|
|
|
5,986,459
|
|
|
20
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.6% - (continued)
|
|||
|
|
Utilities - 2.5%
|
||
|
51,047
|
Atmos Energy Corp.
|
$7,890,845
|
|
|
88,736
|
Vistra Corp.
|
10,421,156
|
|
|
|
|
|
18,312,001
|
|
|
Total Common Stocks
(cost $624,664,132)
|
|
$725,686,823
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 604,187
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due on
04/01/2025 with a maturity value of $604,261;
collateralized by U.S. Treasury Note at 4.25%,
maturing 03/15/2027, with a market value of
$616,357
|
$604,187
|
|
|
|
Total Short-Term Investments
(cost $604,187)
|
$604,187
|
|
|
|
Total Investments
(cost $625,268,319)
|
99.7
%
|
$726,291,010
|
|
|
Other Assets and Liabilities
|
0.3
%
|
2,469,909
|
|
|
Net Assets
|
100.0
%
|
$728,760,919
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$725,686,823
|
$725,686,823
|
$—
|
$—
|
|
Short-Term Investments
|
604,187
|
—
|
604,187
|
—
|
|
Total
|
$726,291,010
|
$725,686,823
|
$604,187
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9%
|
|||
|
|
Automobiles & Components - 2.1%
|
||
|
36,455
|
Dorman Products, Inc.*
|
$4,394,286
|
|
|
37,864
|
Modine Manufacturing Co.*
|
2,906,062
|
|
|
35,481
|
Patrick Industries, Inc.
|
3,000,273
|
|
|
|
|
|
10,300,621
|
|
|
Banks - 1.1%
|
||
|
96,700
|
Synovus Financial Corp.
|
4,519,758
|
|
|
17,780
|
Triumph Financial, Inc.*
|
1,027,684
|
|
|
|
|
|
5,547,442
|
|
|
Capital Goods - 15.3%
|
||
|
11,914
|
Applied Industrial Technologies, Inc.
|
2,684,701
|
|
|
120,301
|
Archer Aviation, Inc. Class A*
|
855,340
|
|
|
69,294
|
Atmus Filtration Technologies, Inc.
|
2,545,169
|
|
|
68,632
|
AZEK Co., Inc.*
|
3,355,419
|
|
|
36,251
|
AZZ, Inc.
|
3,030,946
|
|
|
120,126
|
Bloom Energy Corp. Class A*
|
2,361,677
|
|
|
18,759
|
Boise Cascade Co.
|
1,840,070
|
|
|
28,981
|
Chart Industries, Inc.*
|
4,183,697
|
|
|
126,819
|
Fluor Corp.*
|
4,542,657
|
|
|
59,291
|
FTAI Aviation Ltd.
|
6,583,080
|
|
|
446,822
|
Hillman Solutions Corp.*
|
3,927,565
|
|
|
36,631
|
JBT Marel Corp.
|
4,476,308
|
|
|
31,138
|
Moog, Inc. Class A
|
5,397,772
|
|
|
19,138
|
MYR Group, Inc.*
|
2,164,316
|
|
|
79,470
|
NEXTracker, Inc. Class A*
|
3,348,866
|
|
|
42,157
|
Primoris Services Corp.
|
2,420,233
|
|
|
53,405
|
Rocket Lab USA, Inc.*
|
954,881
|
|
|
72,109
|
Rush Enterprises, Inc. Class A
|
3,851,342
|
|
|
40,634
|
SPX Technologies, Inc.*
|
5,232,847
|
|
|
41,462
|
Tecnoglass, Inc.
|
2,966,606
|
|
|
8,325
|
Valmont Industries, Inc.
|
2,375,705
|
|
|
22,676
|
WESCO International, Inc.
|
3,521,583
|
|
|
72,652
|
WillScot Holdings Corp.
|
2,019,726
|
|
|
|
|
|
74,640,506
|
|
|
Commercial & Professional Services - 7.6%
|
||
|
190,850
|
ACV Auctions, Inc. Class A*
|
2,689,076
|
|
|
8,757
|
CACI International, Inc. Class A*
|
3,213,118
|
|
|
63,021
|
Casella Waste Systems, Inc. Class A*
|
7,027,472
|
|
|
73,945
|
CBIZ, Inc.*
|
5,609,468
|
|
|
21,014
|
Clean Harbors, Inc.*
|
4,141,859
|
|
|
56,605
|
ExlService Holdings, Inc.*
|
2,672,322
|
|
|
20,935
|
Huron Consulting Group, Inc.*
|
3,003,126
|
|
|
56,199
|
Innodata, Inc.*
|
2,017,544
|
|
|
22,891
|
KBR, Inc.
|
1,140,201
|
|
|
247,978
|
Verra Mobility Corp.*
|
5,581,985
|
|
|
|
|
|
37,096,171
|
|
|
Consumer Discretionary Distribution & Retail - 1.6%
|
||
|
26,790
|
Boot Barn Holdings, Inc.*
|
2,878,050
|
|
|
18,476
|
Five Below, Inc.*
|
1,384,314
|
|
|
18,258
|
Ollie's Bargain Outlet Holdings, Inc.*
|
2,124,501
|
|
|
50,631
|
Wayfair, Inc. Class A*
|
1,621,711
|
|
|
|
|
|
8,008,576
|
|
|
Consumer Durables & Apparel - 2.9%
|
||
|
4,759
|
Cavco Industries, Inc.*
|
2,472,919
|
|
|
19,727
|
Installed Building Products, Inc.
|
3,382,391
|
|
|
51,111
|
Kontoor Brands, Inc.
|
3,277,749
|
|
|
79,839
|
Smith Douglas Homes Corp.*
|
1,558,457
|
|
|
111,418
|
YETI Holdings, Inc.*
|
3,687,936
|
|
|
|
|
|
14,379,452
|
|
|
Consumer Services - 2.3%
|
||
|
180,525
|
Sweetgreen, Inc. Class A*
|
4,516,735
|
|
|
10,475
|
Wingstop, Inc.
|
2,362,951
|
|
|
46,123
|
Wyndham Hotels & Resorts, Inc.
|
4,174,593
|
|
|
|
|
|
11,054,279
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
Consumer Staples Distribution & Retail - 1.6%
|
||
|
44,845
|
Chefs' Warehouse, Inc.*
|
$2,442,259
|
|
|
35,101
|
Sprouts Farmers Market, Inc.*
|
5,357,816
|
|
|
|
|
|
7,800,075
|
|
|
Energy - 2.3%
|
||
|
58,130
|
Cactus, Inc. Class A
|
2,664,098
|
|
|
16,725
|
Gulfport Energy Corp.*
|
3,079,741
|
|
|
52,654
|
Kodiak Gas Services, Inc.
|
1,963,994
|
|
|
66,684
|
Matador Resources Co.
|
3,406,886
|
|
|
|
|
|
11,114,719
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.7%
|
||
|
140,656
|
CareTrust, Inc. REIT
|
4,019,948
|
|
|
168,546
|
Independence Realty Trust, Inc. REIT
|
3,578,232
|
|
|
133,807
|
Macerich Co. REIT
|
2,297,466
|
|
|
33,402
|
Ryman Hospitality Properties, Inc. REIT
|
3,054,279
|
|
|
|
|
|
12,949,925
|
|
|
Financial Services - 4.8%
|
||
|
10,088
|
Evercore, Inc. Class A
|
2,014,776
|
|
|
28,487
|
Hamilton Lane, Inc. Class A
|
4,235,162
|
|
|
47,612
|
Mr. Cooper Group, Inc.*
|
5,694,395
|
|
|
169,514
|
Remitly Global, Inc.*
|
3,525,891
|
|
|
67,105
|
StepStone Group, Inc. Class A
|
3,504,894
|
|
|
46,739
|
Stifel Financial Corp.
|
4,405,618
|
|
|
|
|
|
23,380,736
|
|
|
Food, Beverage & Tobacco - 0.6%
|
||
|
36,621
|
Freshpet, Inc.*
|
3,045,769
|
|
|
|
Health Care Equipment & Services - 10.0%
|
||
|
62,438
|
Acadia Healthcare Co., Inc.*
|
1,893,120
|
|
|
75,252
|
AtriCure, Inc.*
|
2,427,630
|
|
|
30,733
|
Encompass Health Corp.
|
3,112,638
|
|
|
58,224
|
Ensign Group, Inc.
|
7,534,186
|
|
|
12,377
|
GeneDx Holdings Corp.*
|
1,096,169
|
|
|
34,487
|
Glaukos Corp.*
|
3,394,211
|
|
|
69,525
|
HealthEquity, Inc.*
|
6,143,924
|
|
|
33,958
|
Hims & Hers Health, Inc.*
|
1,003,459
|
|
|
32,350
|
iRhythm Technologies, Inc.*
|
3,386,398
|
|
|
45,321
|
Lantheus Holdings, Inc.*
|
4,423,330
|
|
|
46,897
|
Merit Medical Systems, Inc.*
|
4,957,482
|
|
|
151,252
|
Option Care Health, Inc.*
|
5,286,257
|
|
|
66,434
|
RadNet, Inc.*
|
3,303,098
|
|
|
12,983
|
TransMedics Group, Inc.*
|
873,496
|
|
|
|
|
|
48,835,398
|
|
|
Household & Personal Products - 2.6%
|
||
|
53,941
|
BellRing Brands, Inc.*
|
4,016,447
|
|
|
38,119
|
Interparfums, Inc.
|
4,340,611
|
|
|
17,547
|
WD-40 Co.
|
4,281,468
|
|
|
|
|
|
12,638,526
|
|
|
Insurance - 0.9%
|
||
|
20,600
|
SiriusPoint Ltd.*
|
356,174
|
|
|
2,103
|
White Mountains Insurance Group Ltd.
|
4,049,979
|
|
|
|
|
|
4,406,153
|
|
|
Materials - 4.6%
|
||
|
71,459
|
ATI, Inc.*
|
3,718,012
|
|
|
122,799
|
Axalta Coating Systems Ltd.*
|
4,073,243
|
|
|
68,654
|
Cabot Corp.
|
5,707,894
|
|
|
20,996
|
Carpenter Technology Corp.
|
3,804,055
|
|
|
62,317
|
Commercial Metals Co.
|
2,867,205
|
|
|
57,042
|
FMC Corp.
|
2,406,602
|
|
|
|
|
|
22,577,011
|
|
|
Media & Entertainment - 1.1%
|
||
|
80,026
|
Atlanta Braves Holdings, Inc. Class C*
|
3,201,840
|
|
|
81,752
|
Cargurus, Inc.*
|
2,381,436
|
|
|
|
|
|
5,583,276
|
|
|
22
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 13.4%
|
||
|
40,138
|
Akero Therapeutics, Inc.*
|
$1,624,786
|
|
|
247,482
|
Amicus Therapeutics, Inc.*
|
2,019,453
|
|
|
41,008
|
Apellis Pharmaceuticals, Inc.*
|
896,845
|
|
|
32,999
|
Apogee Therapeutics, Inc.*
|
1,232,843
|
|
|
103,168
|
Avidity Biosciences, Inc.*
|
3,045,519
|
|
|
32,403
|
Axsome Therapeutics, Inc.*
|
3,779,162
|
|
|
15,703
|
Biohaven Ltd.*
|
377,500
|
|
|
35,832
|
Blueprint Medicines Corp.*
|
3,171,490
|
|
|
92,866
|
Celldex Therapeutics, Inc.*
|
1,685,518
|
|
|
57,195
|
CG oncology, Inc.*
|
1,400,706
|
|
|
80,947
|
Crinetics Pharmaceuticals, Inc.*
|
2,714,962
|
|
|
44,842
|
Cytokinetics, Inc.*
|
1,802,200
|
|
|
33,056
|
Disc Medicine, Inc.*
|
1,640,900
|
|
|
61,916
|
Insmed, Inc.*
|
4,723,572
|
|
|
34,787
|
Ionis Pharmaceuticals, Inc.*
|
1,049,524
|
|
|
47,708
|
Kymera Therapeutics, Inc.*
|
1,305,768
|
|
|
58,452
|
MBX Biosciences, Inc.*
|
431,376
|
|
|
26,345
|
Nuvalent, Inc. Class A*
|
1,868,387
|
|
|
55,480
|
Protagonist Therapeutics, Inc.*
|
2,683,013
|
|
|
67,017
|
PTC Therapeutics, Inc.*
|
3,415,186
|
|
|
77,179
|
Revolution Medicines, Inc.*
|
2,729,050
|
|
|
64,066
|
Scholar Rock Holding Corp.*
|
2,059,722
|
|
|
30,592
|
Soleno Therapeutics, Inc.*
|
2,185,798
|
|
|
50,504
|
Spyre Therapeutics, Inc.*
|
814,882
|
|
|
37,996
|
Structure Therapeutics, Inc. ADR*
|
657,711
|
|
|
92,580
|
TG Therapeutics, Inc.*
|
3,650,429
|
|
|
24,338
|
Twist Bioscience Corp.*
|
955,510
|
|
|
30,224
|
Ultragenyx Pharmaceutical, Inc.*
|
1,094,411
|
|
|
78,133
|
Vaxcyte, Inc.*
|
2,950,302
|
|
|
69,438
|
Veracyte, Inc.*
|
2,058,837
|
|
|
55,552
|
Vericel Corp.*
|
2,478,730
|
|
|
44,943
|
Verona Pharma PLC ADR*
|
2,853,431
|
|
|
|
|
|
65,357,523
|
|
|
Semiconductors & Semiconductor Equipment - 3.6%
|
||
|
33,895
|
Cirrus Logic, Inc.*
|
3,377,806
|
|
|
77,814
|
Credo Technology Group Holding Ltd.*
|
3,125,010
|
|
|
42,505
|
MKS Instruments, Inc.
|
3,406,776
|
|
|
20,070
|
Onto Innovation, Inc.*
|
2,435,294
|
|
|
65,203
|
Rambus, Inc.*
|
3,375,885
|
|
|
56,060
|
Semtech Corp.*
|
1,928,464
|
|
|
|
|
|
17,649,235
|
|
|
Software & Services - 9.5%
|
||
|
35,572
|
ACI Worldwide, Inc.*
|
1,946,144
|
|
|
35,068
|
Agilysys, Inc.*
|
2,543,833
|
|
|
10,866
|
Appfolio, Inc. Class A*
|
2,389,433
|
|
|
126,143
|
Aurora Innovation, Inc.*
|
848,312
|
|
|
201,744
|
AvePoint, Inc.*
|
2,913,183
|
|
|
43,555
|
Bill Holdings, Inc.*
|
1,998,739
|
|
|
408,318
|
CCC Intelligent Solutions Holdings, Inc.*
|
3,687,112
|
|
|
186,010
|
Clearwater Analytics Holdings, Inc. Class A*
|
4,985,068
|
|
|
26,191
|
Commvault Systems, Inc.*
|
4,131,892
|
|
|
147,514
|
Grid Dynamics Holdings, Inc.*
|
2,308,594
|
|
|
6,174
|
Guidewire Software, Inc.*
|
1,156,761
|
|
|
72,964
|
Intapp, Inc.*
|
4,259,638
|
|
|
238,696
|
Jamf Holding Corp.*
|
2,900,156
|
|
|
37,578
|
MARA Holdings, Inc.*
|
432,147
|
|
|
41,563
|
Pegasystems, Inc.
|
2,889,460
|
|
|
53,882
|
Sprout Social, Inc. Class A*
|
1,184,865
|
|
|
24,040
|
SPS Commerce, Inc.*
|
3,190,829
|
|
|
67,504
|
Varonis Systems, Inc.*
|
2,730,537
|
|
|
|
|
|
46,496,703
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 95.9% - (continued)
|
|||
|
|
Technology Hardware & Equipment - 4.0%
|
||
|
32,808
|
ePlus, Inc.*
|
$2,002,272
|
|
|
8,134
|
Fabrinet*
|
1,606,546
|
|
|
26,569
|
Insight Enterprises, Inc.*
|
3,985,084
|
|
|
37,196
|
Lumentum Holdings, Inc.*
|
2,318,799
|
|
|
90,391
|
Napco Security Technologies, Inc.
|
2,080,801
|
|
|
21,492
|
Novanta, Inc.*
|
2,748,182
|
|
|
34,439
|
PAR Technology Corp.*
|
2,112,488
|
|
|
244,471
|
Viavi Solutions, Inc.*
|
2,735,631
|
|
|
|
|
|
19,589,803
|
|
|
Transportation - 0.6%
|
||
|
19,836
|
Ryder System, Inc.
|
2,852,615
|
|
|
|
Utilities - 0.7%
|
||
|
24,691
|
Chesapeake Utilities Corp.
|
3,171,065
|
|
|
|
Total Common Stocks
(cost $421,051,092)
|
|
$468,475,579
|
|
EXCHANGE-TRADED FUNDS - 1.5%
|
|||
|
|
Other Investment Pools & Funds - 1.5%
|
||
|
28,546
|
iShares Russell 2000 Growth ETF
|
$7,294,359
|
|
|
|
Total Exchange-Traded Funds
(cost $8,310,609)
|
|
$7,294,359
|
|
|
Total Long-Term Investments
(cost $429,361,701)
|
|
$475,769,938
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 315,374
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due on
04/01/2025 with a maturity value of $315,412;
collateralized by U.S. Treasury Note at 4.25%,
maturing 03/15/2027, with a market value of
$321,840
|
$315,374
|
|
|
|
Total Short-Term Investments
(cost $315,374)
|
$315,374
|
|
|
|
Total Investments
(cost $429,677,075)
|
97.5
%
|
$476,085,312
|
|
|
Other Assets and Liabilities
|
2.5
%
|
12,257,950
|
|
|
Net Assets
|
100.0
%
|
$488,343,262
|
|
*
|
Non-income producing.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
23
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$468,475,579
|
$468,475,579
|
$—
|
$—
|
|
Exchange-Traded Funds
|
7,294,359
|
7,294,359
|
—
|
—
|
|
Short-Term Investments
|
315,374
|
—
|
315,374
|
—
|
|
Total
|
$476,085,312
|
$475,769,938
|
$315,374
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
24
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.0%
|
|||
|
|
Automobiles & Components - 0.6%
|
||
|
27,658
|
Visteon Corp.*
|
$2,146,814
|
|
|
|
Banks - 1.1%
|
||
|
139,426
|
Cadence Bank
|
4,232,973
|
|
|
|
Capital Goods - 16.9%
|
||
|
21,552
|
Acuity, Inc.
|
5,675,719
|
|
|
158,267
|
Ameresco, Inc. Class A*
|
1,911,865
|
|
|
56,628
|
Applied Industrial Technologies, Inc.
|
12,760,553
|
|
|
342,257
|
Archer Aviation, Inc.*
|
2,433,447
|
|
|
204,947
|
AZEK Co., Inc.*
|
10,019,859
|
|
|
5,635
|
Comfort Systems USA, Inc.
|
1,816,330
|
|
|
12,140
|
Curtiss-Wright Corp.
|
3,851,658
|
|
|
134,974
|
Fluor Corp.*
|
4,834,769
|
|
|
38,826
|
FTAI Aviation Ltd.
|
4,310,851
|
|
|
90,279
|
NEXTracker, Inc. Class A*
|
3,804,357
|
|
|
91,750
|
Rush Enterprises, Inc. Class A
|
4,900,367
|
|
|
248,696
|
Shoals Technologies Group, Inc. Class A*
|
825,671
|
|
|
202,856
|
Zurn Elkay Water Solutions Corp.
|
6,690,191
|
|
|
|
|
|
63,835,637
|
|
|
Commercial & Professional Services - 8.0%
|
||
|
68,331
|
Casella Waste Systems, Inc. Class A*
|
7,619,590
|
|
|
222,661
|
ExlService Holdings, Inc.*
|
10,511,825
|
|
|
36,987
|
TriNet Group, Inc.
|
2,930,850
|
|
|
414,239
|
Verra Mobility Corp.*
|
9,324,520
|
|
|
|
|
|
30,386,785
|
|
|
Consumer Discretionary Distribution & Retail - 3.4%
|
||
|
41,547
|
Boot Barn Holdings, Inc.*
|
4,463,394
|
|
|
41,718
|
Global-e Online Ltd.*
|
1,487,247
|
|
|
42,522
|
Ollie's Bargain Outlet Holdings, Inc.*
|
4,947,860
|
|
|
43,094
|
Tory Burch LLC*(1)(2)
|
2,122,381
|
|
|
|
|
|
13,020,882
|
|
|
Consumer Durables & Apparel - 2.1%
|
||
|
81,995
|
Champion Homes, Inc.*
|
7,769,846
|
|
|
|
Consumer Services - 4.1%
|
||
|
590,075
|
Genius Sports Ltd.*
|
5,906,651
|
|
|
49,854
|
H&R Block, Inc.
|
2,737,483
|
|
|
35,677
|
Stride, Inc.*
|
4,513,140
|
|
|
63,040
|
Sweetgreen, Inc. Class A*
|
1,577,261
|
|
|
4,313
|
Wingstop, Inc.
|
972,927
|
|
|
|
|
|
15,707,462
|
|
|
Consumer Staples Distribution & Retail - 1.5%
|
||
|
37,329
|
Maplebear, Inc.*
|
1,489,054
|
|
|
27,930
|
Sprouts Farmers Market, Inc.*
|
4,263,235
|
|
|
|
|
|
5,752,289
|
|
|
Energy - 3.4%
|
||
|
62,704
|
Aris Water Solutions, Inc. Class A
|
2,009,036
|
|
|
71,073
|
Cactus, Inc. Class A
|
3,257,276
|
|
|
165,207
|
Viper Energy, Inc.
|
7,459,096
|
|
|
|
|
|
12,725,408
|
|
|
Equity Real Estate Investment Trusts (REITs) - 3.2%
|
||
|
51,895
|
American Healthcare, Inc. REIT
|
1,572,418
|
|
|
111,916
|
Macerich Co. REIT
|
1,921,598
|
|
|
83,763
|
Phillips Edison & Co., Inc. REIT
|
3,056,512
|
|
|
61,600
|
Ryman Hospitality Properties, Inc. REIT
|
5,632,704
|
|
|
|
|
|
12,183,232
|
|
|
Financial Services - 5.1%
|
||
|
11,554
|
Evercore, Inc. Class A
|
2,307,565
|
|
|
156,503
|
HA Sustainable Infrastructure Capital, Inc.
|
4,576,148
|
|
|
38,573
|
Hamilton Lane, Inc. Class A
|
5,734,648
|
|
|
48,137
|
PJT Partners, Inc. Class A
|
6,637,129
|
|
|
|
|
|
19,255,490
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.0% - (continued)
|
|||
|
|
Food, Beverage & Tobacco - 0.3%
|
||
|
14,000
|
Freshpet, Inc.*
|
$1,164,380
|
|
|
|
Health Care Equipment & Services - 10.9%
|
||
|
49,620
|
Acadia Healthcare Co., Inc.*
|
1,504,478
|
|
|
396,241
|
Alignment Healthcare, Inc.*
|
7,378,007
|
|
|
58,269
|
GeneDx Holdings Corp.*
|
5,160,594
|
|
|
50,073
|
Glaukos Corp.*
|
4,928,185
|
|
|
62,636
|
HealthEquity, Inc.*
|
5,535,143
|
|
|
108,521
|
Hims & Hers Health, Inc.*
|
3,206,796
|
|
|
22,356
|
Inspire Medical Systems, Inc.*
|
3,560,864
|
|
|
18,726
|
PACS Group, Inc.*
|
210,480
|
|
|
124,121
|
PROCEPT BioRobotics Corp.*
|
7,231,290
|
|
|
35,689
|
TransMedics Group, Inc.*
|
2,401,156
|
|
|
|
|
|
41,116,993
|
|
|
Household & Personal Products - 1.2%
|
||
|
62,277
|
BellRing Brands, Inc.*
|
4,637,146
|
|
|
|
Insurance - 1.6%
|
||
|
350,384
|
SiriusPoint Ltd.*
|
6,058,139
|
|
|
|
Materials - 2.2%
|
||
|
101,788
|
Cabot Corp.
|
8,462,654
|
|
|
|
Media & Entertainment - 2.8%
|
||
|
122,255
|
Cargurus, Inc.*
|
3,561,288
|
|
|
116,338
|
Criteo SA ADR*
|
4,119,529
|
|
|
75,866
|
Ziff Davis, Inc.*
|
2,851,044
|
|
|
|
|
|
10,531,861
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 15.6%
|
||
|
41,339
|
Akero Therapeutics, Inc.*
|
1,673,403
|
|
|
203,191
|
Amicus Therapeutics, Inc.*
|
1,658,039
|
|
|
30,774
|
Apellis Pharmaceuticals, Inc.*
|
673,027
|
|
|
41,009
|
Apogee Therapeutics, Inc.*
|
1,532,096
|
|
|
74,386
|
Avidity Biosciences, Inc.*
|
2,195,875
|
|
|
6,675
|
Axsome Therapeutics, Inc.*
|
778,505
|
|
|
39,298
|
Biohaven Ltd.*
|
944,724
|
|
|
33,448
|
Blueprint Medicines Corp.*
|
2,960,482
|
|
|
86,605
|
Celldex Therapeutics, Inc.*
|
1,571,881
|
|
|
79,269
|
Crinetics Pharmaceuticals, Inc.*
|
2,658,682
|
|
|
47,838
|
Cytokinetics, Inc.*
|
1,922,609
|
|
|
40,451
|
Disc Medicine, Inc.*
|
2,007,988
|
|
|
464,635
|
Geron Corp.*
|
738,770
|
|
|
64,726
|
Insmed, Inc.*
|
4,937,947
|
|
|
29,154
|
Intra-Cellular Therapies, Inc.*
|
3,845,996
|
|
|
20,470
|
Janux Therapeutics, Inc.*
|
552,690
|
|
|
33,126
|
Kymera Therapeutics, Inc.*
|
906,659
|
|
|
44,924
|
Merus NV*
|
1,890,851
|
|
|
68,466
|
Nurix Therapeutics, Inc.*
|
813,376
|
|
|
31,768
|
Nuvalent, Inc. Class A*
|
2,252,987
|
|
|
45,373
|
Protagonist Therapeutics, Inc.*
|
2,194,238
|
|
|
26,011
|
Prothena Corp. PLC*
|
321,886
|
|
|
51,468
|
PTC Therapeutics, Inc.*
|
2,622,809
|
|
|
92,943
|
Revolution Medicines, Inc.*
|
3,286,464
|
|
|
137,123
|
Rocket Pharmaceuticals, Inc.*
|
914,610
|
|
|
49,748
|
Scholar Rock Holding Corp.*
|
1,599,398
|
|
|
16,539
|
Soleno Therapeutics, Inc.*
|
1,181,712
|
|
|
38,009
|
Structure Therapeutics, Inc. ADR*
|
657,936
|
|
|
55,423
|
Vaxcyte, Inc.*
|
2,092,772
|
|
|
83,401
|
Vericel Corp.*
|
3,721,353
|
|
|
59,290
|
Verona Pharma PLC ADR*
|
3,764,322
|
|
|
|
|
|
58,874,087
|
|
|
Semiconductors & Semiconductor Equipment - 3.3%
|
||
|
43,664
|
Credo Technology Group Holding Ltd.*
|
1,753,546
|
|
|
29,462
|
MKS Instruments, Inc.
|
2,361,379
|
|
|
27,564
|
SiTime Corp.*
|
4,213,709
|
|
|
|
25
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.0% - (continued)
|
|||
|
|
Semiconductors & Semiconductor Equipment - 3.3% - (continued)
|
||
|
37,588
|
Synaptics, Inc.*
|
$2,395,108
|
|
|
11,717
|
Universal Display Corp.
|
1,634,287
|
|
|
|
|
|
12,358,029
|
|
|
Software & Services - 9.0%
|
||
|
32,168
|
Agilysys, Inc.*
|
2,333,467
|
|
|
463,368
|
AvePoint, Inc.*
|
6,691,034
|
|
|
233,184
|
Clearwater Analytics Holdings, Inc. Class A*
|
6,249,331
|
|
|
25,226
|
CyberArk Software Ltd.*
|
8,526,388
|
|
|
85,390
|
DoubleVerify Holdings, Inc.*
|
1,141,664
|
|
|
113,840
|
Freshworks, Inc. Class A*
|
1,606,282
|
|
|
36,888
|
Intapp, Inc.*
|
2,153,522
|
|
|
294,809
|
Jamf Holding Corp.*
|
3,581,929
|
|
|
80,095
|
Sprout Social, Inc. Class A*
|
1,761,289
|
|
|
|
|
|
34,044,906
|
|
|
Technology Hardware & Equipment - 2.7%
|
||
|
46,929
|
Calix, Inc.*
|
1,663,164
|
|
|
116,118
|
Ingram Micro Holding Corp.
|
2,059,933
|
|
|
31,308
|
Novanta, Inc.*
|
4,003,354
|
|
|
42,966
|
PAR Technology Corp.*
|
2,635,535
|
|
|
|
|
|
10,361,986
|
|
|
Total Common Stocks
(cost $335,601,658)
|
|
$374,626,999
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 804,249
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due on
04/01/2025 with a maturity value of $804,347;
collateralized by U.S. Treasury Note at 4.25%,
maturing 03/15/2027, with a market value of
$820,415
|
$804,249
|
|
|
|
Total Short-Term Investments
(cost $804,249)
|
$804,249
|
|
|
|
Total Investments
(cost $336,405,907)
|
99.2
%
|
$375,431,248
|
|
|
Other Assets and Liabilities
|
0.8
%
|
2,956,934
|
|
|
Net Assets
|
100.0
%
|
$378,388,182
|
|
*
|
Non-income producing.
|
|
(1)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $2,122,381 or 0.6% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
11/2013
|
Tory Burch LLC
|
43,094
|
$3,377,559
|
$2,122,381
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$374,626,999
|
$370,071,171
|
$2,433,447
|
$2,122,381
|
|
Short-Term Investments
|
804,249
|
—
|
804,249
|
—
|
|
Total
|
$375,431,248
|
$370,071,171
|
$3,237,696
|
$2,122,381
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
26
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.1%
|
|||
|
|
Capital Goods - 9.7%
|
||
|
48,891
|
Deere & Co.
|
$22,946,991
|
|
|
27,581
|
General Dynamics Corp.
|
7,518,029
|
|
|
163,869
|
Honeywell International, Inc.
|
34,699,261
|
|
|
27,823
|
Lockheed Martin Corp.
|
12,428,812
|
|
|
59,361
|
Northrop Grumman Corp.
|
30,393,426
|
|
|
35,707
|
Trane Technologies PLC
|
12,030,402
|
|
|
|
|
|
120,016,921
|
|
|
Commercial & Professional Services - 2.2%
|
||
|
86,719
|
Automatic Data Processing, Inc.
|
26,495,256
|
|
|
|
Consumer Discretionary Distribution & Retail - 4.7%
|
||
|
61,484
|
Home Depot, Inc.
|
22,533,271
|
|
|
294,099
|
TJX Cos., Inc.
|
35,821,258
|
|
|
|
|
|
58,354,529
|
|
|
Consumer Durables & Apparel - 2.8%
|
||
|
536,530
|
NIKE, Inc. Class B
|
34,058,924
|
|
|
|
Consumer Services - 3.5%
|
||
|
140,088
|
McDonald's Corp.
|
43,759,289
|
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.0%
|
||
|
39,443
|
Public Storage REIT
|
11,804,896
|
|
|
|
Financial Services - 11.0%
|
||
|
139,692
|
American Express Co.
|
37,584,133
|
|
|
75,236
|
Mastercard, Inc. Class A
|
41,238,356
|
|
|
33,185
|
S&P Global, Inc.
|
16,861,299
|
|
|
113,864
|
Visa, Inc. Class A
|
39,904,777
|
|
|
|
|
|
135,588,565
|
|
|
Food, Beverage & Tobacco - 7.5%
|
||
|
400,429
|
Coca-Cola Co.
|
28,678,725
|
|
|
1,084,139
|
Diageo PLC
|
28,331,397
|
|
|
87,162
|
Nestle SA
|
8,808,295
|
|
|
177,889
|
PepsiCo, Inc.
|
26,672,676
|
|
|
|
|
|
92,491,093
|
|
|
Health Care Equipment & Services - 9.0%
|
||
|
182,901
|
Abbott Laboratories
|
24,261,818
|
|
|
50,023
|
Medtronic PLC
|
4,495,067
|
|
|
97,410
|
Stryker Corp.
|
36,260,872
|
|
|
87,080
|
UnitedHealth Group, Inc.
|
45,608,150
|
|
|
|
|
|
110,625,907
|
|
|
Household & Personal Products - 4.3%
|
||
|
247,261
|
Colgate-Palmolive Co.
|
23,168,356
|
|
|
171,554
|
Procter & Gamble Co.
|
29,236,232
|
|
|
|
|
|
52,404,588
|
|
|
Insurance - 5.0%
|
||
|
94,866
|
Chubb Ltd.
|
28,648,584
|
|
|
137,204
|
Marsh & McLennan Cos., Inc.
|
33,481,892
|
|
|
|
|
|
62,130,476
|
|
|
Materials - 4.9%
|
||
|
96,899
|
Ecolab, Inc.
|
24,565,834
|
|
|
77,845
|
Linde PLC
|
36,247,746
|
|
|
|
|
|
60,813,580
|
|
|
Media & Entertainment - 2.3%
|
||
|
185,812
|
Alphabet, Inc. Class A
|
28,733,968
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 7.3%
|
||
|
177,190
|
Danaher Corp.
|
36,323,950
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.1% - (continued)
|
|||
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 7.3% - (continued)
|
||
|
122,012
|
Johnson & Johnson
|
$20,234,470
|
|
|
139,702
|
Merck & Co., Inc.
|
12,539,652
|
|
|
126,983
|
Zoetis, Inc.
|
20,907,751
|
|
|
|
|
|
90,005,823
|
|
|
Semiconductors & Semiconductor Equipment - 5.4%
|
||
|
183,811
|
Broadcom, Inc.
|
30,775,476
|
|
|
202,314
|
Texas Instruments, Inc.
|
36,355,826
|
|
|
|
|
|
67,131,302
|
|
|
Software & Services - 9.0%
|
||
|
108,229
|
Accenture PLC Class A
|
33,771,777
|
|
|
52,011
|
Intuit, Inc.
|
31,934,234
|
|
|
121,577
|
Microsoft Corp.
|
45,638,790
|
|
|
|
|
|
111,344,801
|
|
|
Technology Hardware & Equipment - 3.6%
|
||
|
201,495
|
Apple, Inc.
|
44,758,084
|
|
|
|
Transportation - 4.9%
|
||
|
248,583
|
Canadian National Railway Co.
|
24,190,656
|
|
|
101,349
|
Union Pacific Corp.
|
23,942,688
|
|
|
107,435
|
United Parcel Service, Inc. Class B
|
11,816,775
|
|
|
|
|
|
59,950,119
|
|
|
Total Common Stocks
(cost $698,056,417)
|
|
$1,210,468,121
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 3,272,941
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$3,273,339; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $3,338,467
|
$3,272,941
|
|
|
|
Total Short-Term Investments
(cost $3,272,941)
|
$3,272,941
|
|
|
|
Total Investments
(cost $701,329,358)
|
98.3
%
|
$1,213,741,062
|
|
|
Other Assets and Liabilities
|
1.7
%
|
20,558,719
|
|
|
Net Assets
|
100.0
%
|
$1,234,299,781
|
|
|
27
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$1,210,468,121
|
$1,173,328,429
|
$37,139,692
|
$—
|
|
Short-Term Investments
|
3,272,941
|
—
|
3,272,941
|
—
|
|
Total
|
$1,213,741,062
|
$1,173,328,429
|
$40,412,633
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
28
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.9%
|
|||
|
|
Asset-Backed - Automobile - 1.0%
|
||
|
$ 476,209
|
American Credit Acceptance Receivables Trust
6.09%, 11/12/2027(1)
|
$476,533
|
|
|
927,850
|
ARI Fleet Lease Trust 5.41%, 02/17/2032(1)
|
929,881
|
|
|
|
Avis Budget Rental Car Funding AESOP LLC
|
|
|
|
1,220,000
|
5.36%, 06/20/2030(1)
|
1,245,158
|
|
|
645,000
|
5.58%, 12/20/2030(1)
|
652,690
|
|
|
929,701
|
Carvana Auto Receivables Trust 4.13%,
04/12/2027
|
928,529
|
|
|
374,533
|
CPS Auto Receivables Trust 5.91%,
08/16/2027(1)
|
374,937
|
|
|
1,470,000
|
Credit Acceptance Auto Loan Trust 5.68%,
03/15/2034(1)
|
1,487,947
|
|
|
4,425,000
|
Exeter Automobile Receivables Trust 4.91%,
08/15/2029
|
4,449,195
|
|
|
570,000
|
Flagship Credit Auto Trust 5.05%, 01/18/2028(1)
|
570,632
|
|
|
1,425,000
|
GLS Auto Receivables Issuer Trust 4.89%,
04/16/2029(1)
|
1,428,855
|
|
|
1,145,000
|
Hertz Vehicle Financing III LLC 5.13%,
09/25/2031(1)
|
1,150,702
|
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
753,169
|
4.98%, 02/15/2028
|
753,725
|
|
|
2,000,000
|
5.61%, 07/17/2028
|
2,014,203
|
|
|
568,842
|
Securitized Term Auto Receivables Trust
5.04%, 07/25/2031(1)
|
571,618
|
|
|
985,000
|
SFS Auto Receivables Securitization Trust
5.71%, 01/22/2030(1)
|
1,010,962
|
|
|
|
|
|
18,045,567
|
|
|
Asset-Backed - Student Loan - 0.2%
|
||
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
1,474,874
|
1.11%, 02/18/2070(1)
|
1,295,969
|
|
|
1,850,824
|
5.51%, 10/15/2071(1)
|
1,882,684
|
|
|
|
|
|
3,178,653
|
|
|
Commercial Mortgage-Backed Securities - 4.5%
|
||
|
1,688,000
|
280 Park Avenue Mortgage Trust 6.74%,
09/15/2034, 1 mo. USD Term SOFR +
2.42%(1)(2)
|
1,625,296
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
6,613,584
|
1.13%, 02/15/2062(3)(4)
|
575,768
|
|
|
22,024,518
|
1.45%, 02/15/2050(3)(4)
|
435,687
|
|
|
7,931,370
|
1.62%, 02/15/2057(3)(4)
|
801,183
|
|
|
925,000
|
3.66%, 04/15/2055(4)
|
846,791
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
17,077,753
|
0.47%, 07/15/2051(3)(4)
|
198,843
|
|
|
7,583,111
|
0.53%, 01/15/2051(3)(4)
|
90,237
|
|
|
8,115,563
|
1.07%, 08/15/2052(3)(4)
|
240,086
|
|
|
21,315,225
|
1.22%, 03/15/2062(3)(4)
|
867,444
|
|
|
10,304,257
|
1.50%, 01/15/2054(3)(4)
|
705,456
|
|
|
2,525,395
|
1.81%, 07/15/2053(3)(4)
|
131,615
|
|
|
3,395,000
|
BOCA Commercial Mortgage Trust 6.66%,
08/15/2041, 1 mo. USD Term SOFR +
2.34%(1)(2)
|
3,396,061
|
|
|
|
BPR Trust
|
|
|
|
820,000
|
5.85%, 11/05/2041(1)(4)
|
830,106
|
|
|
2,335,000
|
7.55%, 08/15/2039, 1 mo. USD Term SOFR
+ 3.23%(1)(2)
|
2,334,351
|
|
|
|
BX Trust
|
|
|
|
2,366,249
|
6.77%, 08/15/2039, 1 mo. USD Term SOFR
+ 2.45%(1)(2)
|
2,360,337
|
|
|
328,000
|
7.36%, 03/15/2041, 1 mo. USD Term SOFR
+ 3.04%(1)(2)
|
327,590
|
|
|
2,920,000
|
CAMB Commercial Mortgage Trust 7.17%,
12/15/2037, 1 mo. USD Term SOFR +
2.85%(1)(2)
|
2,914,525
|
|
|
3,173,671
|
CD Mortgage Trust 2.46%, 08/10/2049
|
3,083,473
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 4.5% - (continued)
|
||
|
|
Citigroup Commercial Mortgage Trust
|
|
|
|
$ 5,135,817
|
0.95%, 04/10/2048(3)(4)
|
$51
|
|
|
2,357,000
|
4.01%, 11/15/2049(4)
|
1,978,429
|
|
|
|
Commercial Mortgage Trust
|
|
|
|
841,000
|
2.82%, 01/10/2039(1)
|
787,354
|
|
|
860,000
|
3.90%, 01/10/2039(1)(4)
|
769,259
|
|
|
1,106,000
|
6.51%, 12/10/2041(1)(4)
|
1,132,974
|
|
|
|
CSAIL Commercial Mortgage Trust
|
|
|
|
23,690,298
|
0.64%, 06/15/2057(3)(4)
|
1,357
|
|
|
1,916,451
|
0.85%, 11/15/2048(3)(4)
|
4,463
|
|
|
6,708,019
|
1.85%, 01/15/2049(3)(4)
|
61,737
|
|
|
3,904,354
|
DBJPM Mortgage Trust 1.72%, 09/15/2053(3)(4)
|
177,309
|
|
|
|
DC Trust
|
|
|
|
760,000
|
5.73%, 04/13/2040(1)(4)
|
770,007
|
|
|
380,000
|
7.04%, 04/13/2040(1)(4)
|
387,909
|
|
|
2,360,000
|
GS Mortgage Securities Corp. II 5.32%,
03/10/2041(1)(4)
|
2,375,215
|
|
|
4,223,401
|
GS Mortgage Securities Corp. Trust 2.95%,
11/05/2034(1)
|
3,608,355
|
|
|
|
GS Mortgage Securities Trust
|
|
|
|
1,636,975
|
0.37%, 07/10/2046(3)(4)
|
16
|
|
|
595,771
|
1.70%, 08/10/2044(1)(3)(4)
|
350
|
|
|
2,006,911
|
4.76%, 04/10/2047(1)(4)
|
1,574,442
|
|
|
|
HTL Commercial Mortgage Trust
|
|
|
|
1,065,000
|
6.56%, 05/10/2039(1)(4)
|
1,081,423
|
|
|
585,000
|
7.09%, 05/10/2039(1)(4)
|
598,466
|
|
|
1,835,000
|
IRV Trust 5.44%, 03/14/2047(1)(4)
|
1,801,304
|
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
|
1,180,763
|
2.73%, 10/15/2045(1)(4)
|
1,073,437
|
|
|
1,400,000
|
2.81%, 01/16/2037(1)
|
1,246,728
|
|
|
1,290,924
|
3.58%, 12/15/2047(1)(4)
|
1,048,114
|
|
|
|
JPMBB Commercial Mortgage Securities Trust
|
|
|
|
2,623,812
|
0.28%, 09/15/2047(3)(4)
|
26
|
|
|
1,913,741
|
0.52%, 05/15/2048(3)(4)
|
19
|
|
|
948,085
|
Morgan Stanley Bank of America Merrill Lynch
Trust 0.92%, 10/15/2048(3)(4)
|
139
|
|
|
|
Morgan Stanley Capital I Trust
|
|
|
|
6,504,915
|
1.30%, 06/15/2050(3)(4)
|
119,136
|
|
|
1,645,000
|
3.91%, 09/09/2032(1)
|
1,476,185
|
|
|
1,460,000
|
4.94%, 07/15/2049(1)(4)
|
1,308,017
|
|
|
95,275
|
5.23%, 10/12/2052(1)(4)
|
28,584
|
|
|
716,000
|
Natixis Commercial Mortgage Securities Trust
4.77%, 06/17/2038(1)(4)
|
686,412
|
|
|
650,000
|
NY Commercial Mortgage Trust 5.53%,
02/10/2047(1)(4)
|
662,602
|
|
|
3,090,000
|
NYC Commercial Mortgage Trust 6.01%,
02/15/2042, 1 mo. USD Term SOFR +
1.69%(1)(2)
|
3,061,935
|
|
|
|
RFR Trust
|
|
|
|
3,369,822
|
5.56%, 03/11/2041(1)(4)
|
3,394,006
|
|
|
2,695,000
|
5.86%, 03/11/2041(1)(4)
|
2,700,116
|
|
|
5,410,000
|
SG Commercial Mortgage Securities Trust
2.63%, 03/15/2037(1)
|
5,166,550
|
|
|
1,230,000
|
TEXAS Commercial Mortgage Trust 5.90%,
04/15/2042, 1 mo. USD Term SOFR +
1.59%(1)(2)
|
1,227,698
|
|
|
3,133,925
|
UBS Commercial Mortgage Trust 1.06%,
08/15/2050(3)(4)
|
59,361
|
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
4,430,686
|
0.78%, 05/15/2048(3)(4)
|
44
|
|
|
23,780,933
|
0.86%, 09/15/2057(3)(4)
|
33,836
|
|
|
3,085,000
|
2.94%, 10/15/2049
|
3,008,180
|
|
|
430,000
|
4.01%, 05/15/2048(4)
|
414,026
|
|
|
|
Wells Fargo NA
|
|
|
|
19,562,551
|
0.58%, 11/15/2062(3)(4)
|
460,471
|
|
|
9,581,637
|
0.63%, 11/15/2062(3)(4)
|
252,009
|
|
|
|
29
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.9% - (continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 4.5% - (continued)
|
||
|
$ 32,096,278
|
0.71%, 11/15/2050(3)(4)
|
$491,214
|
|
|
3,613,718
|
0.75%, 11/15/2054(3)(4)
|
62,233
|
|
|
17,522,814
|
0.81%, 09/15/2062(3)(4)
|
541,360
|
|
|
33,344,861
|
0.87%, 01/15/2063(3)(4)
|
1,100,060
|
|
|
12,445,629
|
0.88%, 05/15/2062(3)(4)
|
370,857
|
|
|
5,527,047
|
1.00%, 02/15/2056(3)(4)
|
314,575
|
|
|
20,391,469
|
1.76%, 03/15/2063(3)(4)
|
1,549,758
|
|
|
710,000
|
WFRBS Commercial Mortgage Trust 5.00%,
06/15/2044(1)(4)
|
539,607
|
|
|
|
Willowbrook Mall
|
|
|
|
3,575,000
|
5.87%, 03/05/2035(1)
|
3,690,340
|
|
|
2,840,000
|
6.28%, 03/05/2035(1)(4)
|
2,895,691
|
|
|
|
|
|
77,858,595
|
|
|
Other Asset-Backed Securities - 4.9%
|
||
|
304,322
|
AASET Trust 3.35%, 01/16/2040(1)
|
292,183
|
|
|
2,220,000
|
Aligned Data Centers Issuer LLC 6.00%,
08/17/2048(1)
|
2,240,947
|
|
|
3,285,000
|
Battalion CLO 18 Ltd. 6.49%, 03/13/2037,
3 mo. USD Term SOFR + 2.20%(1)(2)
|
3,300,101
|
|
|
2,590,000
|
Benefit Street Partners CLO XXXI Ltd. 6.65%,
04/25/2036, 3 mo. USD Term SOFR +
2.35%(1)(2)
|
2,590,026
|
|
|
375,000
|
Blue Owl Asset Leasing Trust LLC 5.41%,
03/15/2030(1)
|
378,327
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
381,691
|
1.53%, 03/15/2061(1)
|
364,820
|
|
|
905,504
|
1.69%, 07/15/2060(1)
|
893,550
|
|
|
1,017,766
|
1.99%, 07/15/2060(1)
|
934,067
|
|
|
579,438
|
5.97%, 08/15/2062(1)
|
581,775
|
|
|
3,611,311
|
Cirrus Funding Ltd. 4.80%, 01/25/2037(1)
|
3,600,329
|
|
|
4,485,000
|
Columbia Cent CLO 27 Ltd. 5.75%, 01/25/2035,
3 mo. USD Term SOFR + 1.45%(1)(2)
|
4,486,722
|
|
|
1,150,000
|
DLLAA LLC 5.64%, 02/22/2028(1)
|
1,166,706
|
|
|
|
Domino's Pizza Master Issuer LLC
|
|
|
|
2,256,200
|
2.66%, 04/25/2051(1)
|
2,083,025
|
|
|
1,392,000
|
3.67%, 10/25/2049(1)
|
1,307,564
|
|
|
3,103,063
|
4.12%, 07/25/2048(1)
|
3,087,750
|
|
|
3,085,000
|
Elmwood CLO 19 Ltd. 6.70%, 10/17/2036,
3 mo. USD Term SOFR + 2.40%(1)(2)
|
3,085,333
|
|
|
2,155,000
|
Elmwood CLO 23 Ltd. 6.56%, 04/16/2036,
3 mo. USD Term SOFR + 2.25%(1)(2)
|
2,155,168
|
|
|
4,815,860
|
FirstKey Homes Trust 4.25%, 07/17/2039(1)
|
4,759,779
|
|
|
1,830,000
|
Golub Capital Partners CLO 68B Ltd. 7.10%,
07/25/2036, 3 mo. USD Term SOFR +
2.80%(1)(2)
|
1,836,140
|
|
|
1,390,000
|
Invesco U.S. CLO Ltd. 6.59%, 04/21/2036,
3 mo. USD Term SOFR + 2.30%(1)(2)
|
1,390,018
|
|
|
1,360,000
|
New Economy Assets - Phase 1 Sponsor LLC
1.91%, 10/20/2061(1)
|
1,269,137
|
|
|
226,875
|
NRZ Excess Spread-Collateralized Notes
3.84%, 12/25/2025(1)
|
224,123
|
|
|
3,005,000
|
Octagon 61 Ltd. 6.64%, 04/20/2036, 3 mo. USD
Term SOFR + 2.35%(1)(2)
|
3,005,463
|
|
|
2,170,000
|
PEAC Solutions Receivables LLC 5.04%,
07/20/2032(1)
|
2,183,441
|
|
|
|
Post Road Equipment Finance LLC
|
|
|
|
600,000
|
4.90%, 05/15/2031(1)
|
601,490
|
|
|
510,000
|
5.04%, 05/15/2031(1)
|
514,053
|
|
|
|
Progress Residential Trust
|
|
|
|
3,258,254
|
1.51%, 10/17/2038(1)
|
3,126,208
|
|
|
1,089,601
|
3.20%, 04/17/2039(1)
|
1,060,292
|
|
|
1,796,018
|
4.30%, 03/17/2040(1)
|
1,766,590
|
|
|
848,494
|
4.45%, 06/17/2039(1)
|
839,767
|
|
|
1,380,657
|
4.75%, 10/27/2039(1)
|
1,380,262
|
|
|
3,315,000
|
Retained Vantage Data Centers Issuer LLC
5.00%, 09/15/2048(1)
|
3,277,839
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.9% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 4.9% - (continued)
|
||
|
$ 4,490,000
|
RR 23 Ltd. 6.95%, 10/15/2035, 3 mo. USD
Term SOFR + 2.65%(1)(2)
|
$4,506,990
|
|
|
318,798
|
Sapphire Aviation Finance II Ltd. 3.23%,
03/15/2040(1)
|
302,855
|
|
|
1,340,000
|
SCF Equipment Trust LLC 5.11%, 11/21/2033(1)
|
1,354,757
|
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
|
1,880,000
|
5.90%, 07/25/2048(1)
|
1,901,067
|
|
|
1,010,000
|
5.90%, 03/25/2049(1)
|
1,022,588
|
|
|
1,435,000
|
Summit Issuer LLC 2.29%, 12/20/2050(1)
|
1,406,119
|
|
|
2,580,000
|
Texas Debt Capital CLO Ltd. 6.59%,
04/20/2036, 3 mo. USD Term SOFR +
2.30%(1)(2)
|
2,580,188
|
|
|
|
Tricon Residential Trust
|
|
|
|
3,146,175
|
4.85%, 07/17/2040(1)
|
3,147,814
|
|
|
1,750,000
|
5.40%, 03/17/2042, 1 mo. USD Term SOFR
+ 1.10%(1)(2)
|
1,749,996
|
|
|
1,928,819
|
Wendy's Funding LLC 3.88%, 03/15/2048(1)
|
1,866,920
|
|
|
|
Wingstop Funding LLC
|
|
|
|
1,359,300
|
2.84%, 12/05/2050(1)
|
1,282,739
|
|
|
870,000
|
5.86%, 12/05/2054(1)
|
880,433
|
|
|
2,315,000
|
Zayo Issuer LLC 5.65%, 03/20/2055(1)
|
2,309,009
|
|
|
|
|
|
84,094,470
|
|
|
Whole Loan Collateral CMO - 6.3%
|
||
|
|
Angel Oak Mortgage Trust
|
|
|
|
1,008,893
|
0.91%, 01/25/2066(1)(4)
|
869,704
|
|
|
544,568
|
0.99%, 04/25/2053(1)(4)
|
516,607
|
|
|
928,918
|
0.99%, 04/25/2066(1)(4)
|
797,024
|
|
|
1,581,187
|
1.82%, 11/25/2066(1)(4)
|
1,400,875
|
|
|
869,679
|
2.88%, 12/25/2066(1)(5)
|
800,343
|
|
|
982,715
|
Arroyo Mortgage Trust 3.35%, 04/25/2049(1)(4)
|
946,399
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
506,652
|
0.94%, 02/25/2049(1)(4)
|
457,972
|
|
|
379,378
|
0.97%, 03/25/2060(1)(4)
|
364,232
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
1,541,079
|
0.91%, 06/25/2066(1)(4)
|
1,287,251
|
|
|
3,768,582
|
1.11%, 10/25/2066(1)(4)
|
3,238,099
|
|
|
3,259,666
|
4.55%, 04/25/2067(1)(4)
|
3,243,229
|
|
|
|
CSMC Trust
|
|
|
|
1,483,982
|
0.94%, 05/25/2066(1)(4)
|
1,235,411
|
|
|
1,825,149
|
1.84%, 10/25/2066(1)(4)
|
1,600,631
|
|
|
4,355,611
|
2.27%, 11/25/2066(1)(4)
|
3,882,949
|
|
|
1,091,092
|
3.25%, 04/25/2047(1)(4)
|
984,467
|
|
|
1,029,186
|
4.10%, 12/27/2060(1)(4)
|
1,021,325
|
|
|
596,525
|
Deephaven Residential Mortgage Trust 0.90%,
04/25/2066(1)(4)
|
527,403
|
|
|
|
Ellington Financial Mortgage Trust
|
|
|
|
670,632
|
0.93%, 06/25/2066(1)(4)
|
551,361
|
|
|
1,976,419
|
2.21%, 01/25/2067(1)(4)
|
1,703,258
|
|
|
|
Federal Home Loan Mortgage Corp. Seasoned
Credit Risk Transfer Trust
|
|
|
|
1,809,094
|
2.50%, 08/25/2059
|
1,485,800
|
|
|
1,643,067
|
3.50%, 11/25/2057
|
1,538,606
|
|
|
3,077,433
|
3.50%, 03/25/2058
|
2,741,670
|
|
|
4,425,991
|
3.50%, 07/25/2058
|
4,109,161
|
|
|
880,174
|
3.50%, 08/25/2058
|
809,592
|
|
|
3,315,452
|
3.50%, 10/25/2058
|
2,992,883
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
726,000
|
6.14%, 02/25/2044, 30 day USD SOFR
Average + 1.80%(1)(2)
|
727,050
|
|
|
89,104
|
6.60%, 11/25/2039, 30 day USD SOFR
Average + 2.26%(1)(2)
|
89,291
|
|
|
654,800
|
7.44%, 10/25/2041, 30 day USD SOFR
Average + 3.10%(1)(2)
|
665,643
|
|
|
1,547,000
|
7.49%, 12/25/2041, 30 day USD SOFR
Average + 3.15%(1)(2)
|
1,582,088
|
|
|
|
30
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 16.9% - (continued)
|
|||
|
|
Whole Loan Collateral CMO - 6.3% - (continued)
|
||
|
$ 517,070
|
8.00%, 07/25/2029, 30 day USD SOFR
Average + 3.66%(2)
|
$530,367
|
|
|
891,925
|
8.80%, 05/25/2029, 30 day USD SOFR
Average + 4.46%(2)
|
926,705
|
|
|
3,155,000
|
8.84%, 01/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
3,296,711
|
|
|
|
GCAT Trust
|
|
|
|
1,318,843
|
1.04%, 05/25/2066(1)(4)
|
1,100,207
|
|
|
1,124,951
|
1.92%, 08/25/2066(1)(4)
|
1,036,505
|
|
|
4,081,263
|
Imperial Fund Mortgage Trust 3.64%,
03/25/2067(1)(5)
|
3,814,221
|
|
|
|
Legacy Mortgage Asset Trust
|
|
|
|
982,007
|
4.75%, 04/25/2061(1)(5)
|
980,364
|
|
|
1,322,760
|
4.75%, 07/25/2061(1)(5)
|
1,334,499
|
|
|
|
MFA Trust
|
|
|
|
141,089
|
1.01%, 01/26/2065(1)(4)
|
132,467
|
|
|
944,605
|
1.03%, 11/25/2064(1)(4)
|
822,427
|
|
|
616,225
|
1.15%, 04/25/2065(1)(4)
|
563,898
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
417,503
|
0.94%, 10/25/2058(1)(4)
|
405,125
|
|
|
256,130
|
2.49%, 09/25/2059(1)(4)
|
243,173
|
|
|
932,372
|
3.50%, 08/25/2059(1)(4)
|
880,815
|
|
|
1,099,463
|
3.75%, 11/26/2035(1)(4)
|
1,058,150
|
|
|
1,072,469
|
3.75%, 11/25/2056(1)(4)
|
1,021,946
|
|
|
1,084,519
|
4.00%, 05/25/2057(1)(4)
|
1,037,444
|
|
|
762,860
|
4.00%, 12/25/2057(1)(4)
|
739,776
|
|
|
1,064,491
|
5.18%, 01/25/2048, 1 mo. USD Term SOFR
+ 0.86%(1)(2)
|
1,038,808
|
|
|
923,690
|
5.93%, 06/25/2057, 1 mo. USD Term SOFR
+ 1.61%(1)(2)
|
933,958
|
|
|
2,760,067
|
NMLT Trust 1.19%, 05/25/2056(1)(4)
|
2,344,881
|
|
|
|
OBX Trust
|
|
|
|
2,224,558
|
1.05%, 07/25/2061(1)(4)
|
1,801,086
|
|
|
2,203,258
|
1.10%, 05/25/2061(1)(4)
|
1,791,316
|
|
|
929,025
|
1.96%, 10/25/2061(1)(4)
|
773,122
|
|
|
3,388,793
|
2.31%, 11/25/2061(1)(4)
|
3,002,595
|
|
|
|
PRET LLC
|
|
|
|
1,238,950
|
4.87%, 07/25/2051(1)(5)
|
1,245,110
|
|
|
434,922
|
5.96%, 09/25/2054(1)(5)
|
433,895
|
|
|
2,337,577
|
5.98%, 01/25/2052(1)(5)
|
2,335,246
|
|
|
|
PRPM LLC
|
|
|
|
3,600,000
|
3.75%, 04/25/2055(1)(5)
|
3,463,210
|
|
|
1,689,794
|
4.79%, 06/25/2026(1)(5)
|
1,685,300
|
|
|
1,716,097
|
4.87%, 04/25/2026(1)(5)
|
1,714,935
|
|
|
544,204
|
5.70%, 11/25/2029(1)(5)
|
547,593
|
|
|
1,767,092
|
5.87%, 11/25/2029(1)(5)
|
1,771,953
|
|
|
454,823
|
6.36%, 11/25/2025(1)(5)
|
455,457
|
|
|
2,970,392
|
6.61%, 10/25/2025(1)(5)
|
2,970,285
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
409,553
|
0.94%, 05/25/2065(1)(4)
|
383,345
|
|
|
2,609,186
|
1.92%, 11/25/2066(1)(4)
|
2,260,944
|
|
|
4,837,308
|
Towd Point Mortgage Trust 2.92%,
11/30/2060(1)(4)
|
4,078,228
|
|
|
|
Verus Securitization Trust
|
|
|
|
806,143
|
0.92%, 02/25/2064(1)(4)
|
742,873
|
|
|
1,205,088
|
0.94%, 07/25/2066(1)(4)
|
992,817
|
|
|
691,845
|
1.03%, 02/25/2066(1)(4)
|
613,300
|
|
|
4,722,801
|
1.05%, 06/25/2066(1)(4)
|
4,035,119
|
|
|
1,742,304
|
1.82%, 11/25/2066(1)(4)
|
1,583,290
|
|
|
4,262,304
|
1.83%, 10/25/2066(1)(5)
|
3,806,891
|
|
|
600,427
|
4.13%, 02/25/2067(1)(5)
|
567,468
|
|
|
510,821
|
VOLT XCIV LLC 6.24%, 02/27/2051(1)(5)
|
511,051
|
|
|
|
|
|
109,979,200
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $304,546,720)
|
$293,156,485
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2%
|
|||
|
|
Advertising - 0.2%
|
||
|
|
Lamar Media Corp.
|
|
|
|
$ 2,335,000
|
3.63%, 01/15/2031
|
$2,086,940
|
|
|
1,040,000
|
4.00%, 02/15/2030
|
963,209
|
|
|
|
|
|
3,050,149
|
|
|
Aerospace & Defense - 0.2%
|
||
|
1,035,000
|
BAE Systems PLC 5.13%, 03/26/2029(1)
|
1,050,940
|
|
|
|
Boeing Co.
|
|
|
|
335,000
|
2.95%, 02/01/2030
|
305,137
|
|
|
315,000
|
3.20%, 03/01/2029
|
295,752
|
|
|
105,000
|
3.75%, 02/01/2050
|
73,595
|
|
|
445,000
|
5.15%, 05/01/2030
|
447,760
|
|
|
465,000
|
6.39%, 05/01/2031
|
495,513
|
|
|
135,000
|
6.53%, 05/01/2034
|
144,651
|
|
|
|
L3Harris Technologies, Inc.
|
|
|
|
260,000
|
5.05%, 06/01/2029
|
263,367
|
|
|
469,000
|
5.50%, 08/15/2054
|
452,657
|
|
|
605,000
|
RTX Corp. 4.13%, 11/16/2028
|
596,468
|
|
|
|
|
|
4,125,840
|
|
|
Agriculture - 0.5%
|
||
|
|
BAT Capital Corp.
|
|
|
|
1,165,000
|
5.63%, 08/15/2035
|
1,169,584
|
|
|
700,000
|
5.83%, 02/20/2031
|
727,813
|
|
|
595,000
|
JBS USA LUX SARL/JBS USA Food Co./JBS
USA Foods Group 5.95%, 04/20/2035(1)
|
611,541
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
1,235,000
|
4.38%, 11/01/2027
|
1,234,471
|
|
|
690,000
|
4.75%, 11/01/2031
|
687,951
|
|
|
1,425,000
|
5.13%, 02/15/2030
|
1,453,014
|
|
|
530,000
|
5.13%, 02/13/2031
|
539,233
|
|
|
425,000
|
5.38%, 02/15/2033
|
433,463
|
|
|
215,000
|
5.63%, 11/17/2029
|
224,156
|
|
|
925,000
|
5.63%, 09/07/2033
|
958,688
|
|
|
|
|
|
8,039,914
|
|
|
Apparel - 0.3%
|
||
|
|
Tapestry, Inc.
|
|
|
|
520,000
|
5.10%, 03/11/2030
|
519,734
|
|
|
965,000
|
5.50%, 03/11/2035
|
953,523
|
|
|
3,550,000
|
William Carter Co. 5.63%, 03/15/2027(1)
|
3,525,357
|
|
|
|
|
|
4,998,614
|
|
|
Auto Manufacturers - 0.1%
|
||
|
785,000
|
Daimler Truck Finance North America LLC
5.38%, 01/13/2032(1)
|
785,799
|
|
|
705,000
|
Mercedes-Benz Finance North America LLC
4.90%, 11/15/2027(1)
|
708,479
|
|
|
|
|
|
1,494,278
|
|
|
Beverages - 0.1%
|
||
|
350,000
|
Anheuser-Busch InBev Worldwide, Inc. 4.75%,
01/23/2029
|
353,510
|
|
|
|
Bacardi Ltd./Bacardi-Martini BV
|
|
|
|
150,000
|
5.25%, 01/15/2029(1)
|
151,131
|
|
|
413,000
|
5.40%, 06/15/2033(1)
|
404,611
|
|
|
1,060,000
|
Bacardi-Martini BV 6.00%, 02/01/2035(1)
|
1,069,143
|
|
|
|
|
|
1,978,395
|
|
|
Biotechnology - 0.1%
|
||
|
1,135,000
|
Gilead Sciences, Inc. 4.80%, 11/15/2029
|
1,146,416
|
|
|
|
Chemicals - 0.2%
|
||
|
324,000
|
DuPont de Nemours, Inc. 5.32%, 11/15/2038
|
334,109
|
|
|
705,000
|
NOVA Chemicals Corp. 7.00%, 12/01/2031(1)
|
735,037
|
|
|
1,735,000
|
OCP SA 7.50%, 05/02/2054(6)
|
1,776,293
|
|
|
|
|
|
2,845,439
|
|
|
31
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Commercial Banks - 4.6%
|
||
|
EUR
800,000
|
Banca Comerciala Romana SA 7.63%,
05/19/2027, (7.63% fixed rate until
05/19/2026; 3 mo. EURIBOR + 4.54%
thereafter)(6)(7)
|
$901,155
|
|
|
740,000
|
Banca Transilvania SA 8.88%, 04/27/2027,
(8.88% fixed rate until 04/27/2026; 1 yr.
EURIBOR ICE Swap + 5.58% thereafter)(6)(7)
|
838,466
|
|
|
|
Bank of America Corp.
|
|
|
|
$ 790,000
|
1.90%, 07/23/2031, (1.90% fixed rate until
07/23/2030; 6 mo. USD SOFR + 1.53%
thereafter)(7)
|
679,328
|
|
|
940,000
|
1.92%, 10/24/2031, (1.92% fixed rate until
10/24/2030; 6 mo. USD SOFR + 1.37%
thereafter)(7)
|
804,334
|
|
|
985,000
|
2.30%, 07/21/2032, (2.30% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.22%
thereafter)(7)
|
841,348
|
|
|
1,065,000
|
2.48%, 09/21/2036, (2.48% fixed rate until
09/21/2031; 5 yr. USD CMT + 1.20%
thereafter)(7)
|
888,183
|
|
|
1,410,000
|
2.59%, 04/29/2031, (2.59% fixed rate until
04/29/2030; 6 mo. USD SOFR + 2.15%
thereafter)(7)
|
1,266,447
|
|
|
2,420,000
|
2.69%, 04/22/2032, (2.69% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.32%
thereafter)(7)
|
2,129,956
|
|
|
1,475,000
|
3.19%, 07/23/2030, (3.19% fixed rate until
07/23/2029; 3 mo. USD Term SOFR +
1.44% thereafter)(7)
|
1,383,331
|
|
|
395,000
|
4.95%, 07/22/2028, (4.95% fixed rate until
07/22/2027; 6 mo. USD SOFR + 2.04%
thereafter)(7)
|
398,173
|
|
|
760,000
|
5.16%, 01/24/2031, (5.16% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.00%
thereafter)(7)
|
770,476
|
|
|
210,000
|
5.20%, 04/25/2029, (5.20% fixed rate until
04/25/2028; 6 mo. USD SOFR + 1.63%
thereafter)(7)
|
213,349
|
|
|
1,235,000
|
5.52%, 10/25/2035, (5.52% fixed rate until
10/25/2034; 6 mo. USD SOFR + 1.74%
thereafter)(7)
|
1,211,719
|
|
|
560,000
|
5.74%, 02/12/2036, (5.74% fixed rate until
02/12/2035; 6 mo. USD SOFR + 1.70%
thereafter)(7)
|
558,930
|
|
|
535,000
|
5.93%, 09/15/2027, (5.93% fixed rate until
09/15/2026; 6 mo. USD SOFR + 1.34%
thereafter)(7)
|
545,437
|
|
|
|
Bank of Ireland Group PLC
|
|
|
|
825,000
|
5.60%, 03/20/2030, (5.60% fixed rate until
03/20/2029; 6 mo. USD SOFR + 1.62%
thereafter)(1)(7)
|
844,800
|
|
|
3,685,000
|
6.25%, 09/16/2026, (6.25% fixed rate until
09/16/2025; 1 yr. USD CMT + 2.65%
thereafter)(1)(7)
|
3,710,453
|
|
|
|
Bank of New York Mellon Corp.
|
|
|
|
660,000
|
5.06%, 07/22/2032, (5.06% fixed rate until
07/22/2031; 6 mo. USD SOFR + 1.23%
thereafter)(7)
|
666,935
|
|
|
305,000
|
5.19%, 03/14/2035, (5.19% fixed rate until
03/14/2034; 6 mo. USD SOFR + 1.42%
thereafter)(7)
|
307,038
|
|
|
640,000
|
6.32%, 10/25/2029, (6.32% fixed rate until
10/25/2028; 6 mo. USD SOFR + 1.60%
thereafter)(7)
|
677,078
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Commercial Banks - 4.6% - (continued)
|
||
|
|
BNP Paribas SA
|
|
|
|
$ 1,060,000
|
5.28%, 11/19/2030, (5.28% fixed rate until
11/19/2029; 6 mo. USD SOFR + 1.28%
thereafter)(1)(7)
|
$1,071,127
|
|
|
345,000
|
5.79%, 01/13/2033, (5.79% fixed rate until
01/13/2032; 6 mo. USD SOFR + 1.62%
thereafter)(1)(7)
|
352,748
|
|
|
1,230,000
|
5.91%, 11/19/2035, (5.91% fixed rate until
11/19/2034; 6 mo. USD SOFR + 1.92%
thereafter)(1)(7)
|
1,215,412
|
|
|
|
BPCE SA
|
|
|
|
835,000
|
5.88%, 01/14/2031, (5.88% fixed rate until
01/14/2030; 6 mo. USD SOFR + 1.68%
thereafter)(1)(7)
|
855,122
|
|
|
630,000
|
6.29%, 01/14/2036, (6.29% fixed rate until
01/14/2035; 6 mo. USD SOFR + 2.04%
thereafter)(1)(7)
|
651,307
|
|
|
1,370,000
|
6.51%, 01/18/2035, (6.51% fixed rate until
01/18/2034; 6 mo. USD SOFR + 2.79%
thereafter)(1)(7)
|
1,406,711
|
|
|
520,000
|
6.71%, 10/19/2029, (6.71% fixed rate until
10/19/2028; 6 mo. USD SOFR + 2.27%
thereafter)(1)(7)
|
547,658
|
|
|
310,000
|
Citigroup, Inc. 5.17%, 02/13/2030, (5.17% fixed
rate until 02/13/2029; 6 mo. USD SOFR +
1.36% thereafter)(7)
|
314,034
|
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
340,000
|
5.72%, 07/23/2032, (5.72% fixed rate until
07/23/2031; 6 mo. USD SOFR + 1.91%
thereafter)(7)
|
346,114
|
|
|
285,000
|
6.65%, 04/25/2035, (6.65% fixed rate until
04/25/2034; 6 mo. USD SOFR + 2.33%
thereafter)(7)
|
303,256
|
|
|
|
Credit Agricole SA
|
|
|
|
830,000
|
5.86%, 01/09/2036, (5.86% fixed rate until
01/09/2035; 6 mo. USD SOFR + 1.74%
thereafter)(1)(7)
|
849,130
|
|
|
1,775,000
|
6.25%, 01/10/2035, (6.25% fixed rate until
01/10/2034; 6 mo. USD SOFR + 2.67%
thereafter)(1)(7)
|
1,814,494
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
820,000
|
2.38%, 07/21/2032, (2.38% fixed rate until
07/21/2031; 6 mo. USD SOFR + 1.25%
thereafter)(7)
|
702,323
|
|
|
225,000
|
2.62%, 04/22/2032, (2.62% fixed rate until
04/22/2031; 6 mo. USD SOFR + 1.28%
thereafter)(7)
|
196,457
|
|
|
955,000
|
4.69%, 10/23/2030, (4.69% fixed rate until
10/23/2029; 6 mo. USD SOFR + 1.14%
thereafter)(7)
|
949,130
|
|
|
430,000
|
5.02%, 10/23/2035, (5.02% fixed rate until
10/23/2034; 6 mo. USD SOFR + 1.42%
thereafter)(7)
|
418,112
|
|
|
1,490,000
|
5.05%, 07/23/2030, (5.05% fixed rate until
07/23/2029; 6 mo. USD SOFR + 1.21%
thereafter)(7)
|
1,502,350
|
|
|
965,000
|
5.73%, 04/25/2030, (5.73% fixed rate until
04/25/2029; 6 mo. USD SOFR + 1.27%
thereafter)(7)
|
995,486
|
|
|
|
HSBC Holdings PLC
|
|
|
|
410,000
|
2.85%, 06/04/2031, (2.85% fixed rate until
06/04/2030; 6 mo. USD SOFR + 2.39%
thereafter)(7)
|
368,304
|
|
|
|
32
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Commercial Banks - 4.6% - (continued)
|
||
|
$ 360,000
|
4.58%, 06/19/2029, (4.58% fixed rate until
06/19/2028; 3 mo. USD Term SOFR +
1.80% thereafter)(7)
|
$356,805
|
|
|
1,125,000
|
5.13%, 03/03/2031, (5.13% fixed rate until
03/03/2030; 6 mo. USD SOFR + 1.29%
thereafter)(7)
|
1,128,477
|
|
|
990,000
|
5.29%, 11/19/2030, (5.29% fixed rate until
11/19/2029; 6 mo. USD SOFR + 1.29%
thereafter)(7)
|
1,000,256
|
|
|
2,185,000
|
5.40%, 08/11/2033, (5.40% fixed rate until
08/11/2032; 6 mo. USD SOFR + 2.87%
thereafter)(7)
|
2,208,876
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
945,000
|
2.55%, 11/08/2032, (2.55% fixed rate until
11/08/2031; 6 mo. USD SOFR + 1.18%
thereafter)(7)
|
817,294
|
|
|
1,665,000
|
4.01%, 04/23/2029, (4.01% fixed rate until
04/23/2028; 3 mo. USD Term SOFR +
1.38% thereafter)(7)
|
1,636,514
|
|
|
1,450,000
|
4.51%, 10/22/2028, (4.51% fixed rate until
10/22/2027; 6 mo. USD SOFR + 0.86%
thereafter)(7)
|
1,448,537
|
|
|
390,000
|
4.85%, 07/25/2028, (4.85% fixed rate until
07/25/2027; 6 mo. USD SOFR + 1.99%
thereafter)(7)
|
392,491
|
|
|
250,000
|
4.95%, 10/22/2035, (4.95% fixed rate until
10/22/2034; 6 mo. USD SOFR + 1.34%
thereafter)(7)
|
244,653
|
|
|
1,495,000
|
5.00%, 07/22/2030, (5.00% fixed rate until
07/22/2029; 6 mo. USD SOFR + 1.13%
thereafter)(7)
|
1,508,532
|
|
|
465,000
|
5.14%, 01/24/2031, (5.14% fixed rate until
01/24/2030; 6 mo. USD SOFR + 0.90%
thereafter)(7)
|
472,252
|
|
|
1,725,000
|
5.29%, 07/22/2035, (5.29% fixed rate until
07/22/2034; 6 mo. USD SOFR + 1.46%
thereafter)(7)
|
1,731,896
|
|
|
1,340,000
|
5.30%, 07/24/2029, (5.30% fixed rate until
07/24/2028; 6 mo. USD SOFR + 1.45%
thereafter)(7)
|
1,367,334
|
|
|
2,160,000
|
5.34%, 01/23/2035, (5.34% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.62%
thereafter)(7)
|
2,182,997
|
|
|
390,000
|
5.50%, 01/24/2036, (5.50% fixed rate until
01/24/2035; 6 mo. USD SOFR + 1.32%
thereafter)(7)
|
398,401
|
|
|
1,575,000
|
5.58%, 04/22/2030, (5.58% fixed rate until
04/22/2029; 6 mo. USD SOFR + 1.16%
thereafter)(7)
|
1,624,547
|
|
|
520,000
|
6.07%, 10/22/2027, (6.07% fixed rate until
10/22/2026; 6 mo. USD SOFR + 1.33%
thereafter)(7)
|
532,277
|
|
|
280,000
|
6.09%, 10/23/2029, (6.09% fixed rate until
10/23/2028; 6 mo. USD SOFR + 1.57%
thereafter)(7)
|
293,161
|
|
|
480,000
|
M&T Bank Corp. 7.41%, 10/30/2029, (7.41%
fixed rate until 10/30/2028; 6 mo. USD SOFR
+ 2.80% thereafter)(7)
|
517,101
|
|
|
EUR
1,700,000
|
mBank SA 0.97%, 09/21/2027, (0.97% fixed
rate until 09/21/2026; 3 mo. EURIBOR +
1.25% thereafter)(6)(7)
|
1,769,047
|
|
|
|
Morgan Stanley
|
|
|
|
$ 815,000
|
1.79%, 02/13/2032, (1.79% fixed rate until
02/13/2031; 6 mo. USD SOFR + 1.03%
thereafter)(7)
|
682,862
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Commercial Banks - 4.6% - (continued)
|
||
|
$ 1,530,000
|
1.93%, 04/28/2032, (1.93% fixed rate until
04/28/2031; 6 mo. USD SOFR + 1.02%
thereafter)(7)
|
$1,281,866
|
|
|
460,000
|
3.62%, 04/01/2031, (3.62% fixed rate until
04/01/2030; 6 mo. USD SOFR + 3.12%
thereafter)(7)
|
434,337
|
|
|
460,000
|
5.23%, 01/15/2031, (5.23% fixed rate until
01/15/2030; 6 mo. USD SOFR + 1.11%
thereafter)(7)
|
467,484
|
|
|
455,000
|
5.45%, 07/20/2029, (5.45% fixed rate until
07/20/2028; 6 mo. USD SOFR + 1.63%
thereafter)(7)
|
465,366
|
|
|
1,170,000
|
5.66%, 04/18/2030, (5.66% fixed rate until
04/18/2029; 6 mo. USD SOFR + 1.26%
thereafter)(7)
|
1,206,220
|
|
|
2,580,000
|
6.41%, 11/01/2029, (6.41% fixed rate until
11/01/2028; 6 mo. USD SOFR + 1.83%
thereafter)(7)
|
2,723,141
|
|
|
815,000
|
OTP Bank Nyrt 7.50%, 05/25/2027, (7.50%
fixed rate until 05/25/2026; 1 yr. USD CMT +
3.71% thereafter)(6)(7)
|
838,003
|
|
|
1,230,000
|
Royal Bank of Canada 5.15%, 02/04/2031,
(5.15% fixed rate until 02/04/2030; 6 mo.
USD SOFR + 1.03% thereafter)(7)
|
1,244,895
|
|
|
820,000
|
Santander U.K. Group Holdings PLC 5.69%,
04/15/2031, (5.69% fixed rate until
04/15/2030; 6 mo. USD SOFR + 1.52%
thereafter)(7)
|
837,038
|
|
|
865,000
|
Standard Chartered PLC 7.77%, 11/16/2028,
(7.77% fixed rate until 11/16/2027; 1 yr. USD
CMT + 3.45% thereafter)(1)(7)
|
926,084
|
|
|
2,785,000
|
UBS Group AG 6.54%, 08/12/2033, (6.54%
fixed rate until 08/12/2032; 6 mo. USD SOFR
+ 3.92% thereafter)(1)(7)
|
2,983,989
|
|
|
|
Wells Fargo & Co.
|
|
|
|
1,930,000
|
2.88%, 10/30/2030, (2.88% fixed rate until
10/30/2029; 3 mo. USD Term SOFR +
1.43% thereafter)(7)
|
1,778,754
|
|
|
2,855,000
|
3.35%, 03/02/2033, (3.35% fixed rate until
03/02/2032; 6 mo. USD SOFR + 1.50%
thereafter)(7)
|
2,561,569
|
|
|
1,365,000
|
4.90%, 07/25/2033, (4.90% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.10%
thereafter)(7)
|
1,345,356
|
|
|
155,000
|
5.24%, 01/24/2031, (5.24% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.11%
thereafter)(7)
|
157,598
|
|
|
100,000
|
5.39%, 04/24/2034, (5.39% fixed rate until
04/24/2033; 6 mo. USD SOFR + 2.02%
thereafter)(7)
|
100,690
|
|
|
930,000
|
5.50%, 01/23/2035, (5.50% fixed rate until
01/23/2034; 6 mo. USD SOFR + 1.78%
thereafter)(7)
|
942,649
|
|
|
1,170,000
|
5.57%, 07/25/2029, (5.57% fixed rate until
07/25/2028; 6 mo. USD SOFR + 1.74%
thereafter)(7)
|
1,201,811
|
|
|
765,000
|
6.49%, 10/23/2034, (6.49% fixed rate until
10/23/2033; 6 mo. USD SOFR + 2.06%
thereafter)(7)
|
825,272
|
|
|
|
|
|
79,132,643
|
|
|
Commercial Services - 0.8%
|
||
|
|
Ashtead Capital, Inc.
|
|
|
|
420,000
|
2.45%, 08/12/2031(1)
|
356,920
|
|
|
430,000
|
4.25%, 11/01/2029(1)
|
413,982
|
|
|
1,440,000
|
4.38%, 08/15/2027(1)
|
1,425,424
|
|
|
|
33
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Commercial Services - 0.8% - (continued)
|
||
|
|
Block, Inc.
|
|
|
|
$ 970,000
|
3.50%, 06/01/2031
|
$852,830
|
|
|
3,315,000
|
6.50%, 05/15/2032(1)
|
3,348,419
|
|
|
|
Howard University
|
|
|
|
1,000,000
|
2.70%, 10/01/2029
|
901,356
|
|
|
1,000,000
|
2.90%, 10/01/2031
|
859,369
|
|
|
720,000
|
3.48%, 10/01/2041
|
536,256
|
|
|
|
Service Corp. International
|
|
|
|
2,500,000
|
3.38%, 08/15/2030
|
2,227,959
|
|
|
385,000
|
4.63%, 12/15/2027
|
376,733
|
|
|
1,861,000
|
5.13%, 06/01/2029
|
1,812,408
|
|
|
865,000
|
5.75%, 10/15/2032
|
850,067
|
|
|
140,000
|
United Rentals North America, Inc. 4.00%,
07/15/2030
|
129,171
|
|
|
|
|
|
14,090,894
|
|
|
Construction Materials - 0.4%
|
||
|
3,340,000
|
Builders FirstSource, Inc. 5.00%, 03/01/2030(1)
|
3,192,242
|
|
|
|
Standard Industries, Inc.
|
|
|
|
535,000
|
3.38%, 01/15/2031(1)
|
465,164
|
|
|
3,370,000
|
4.38%, 07/15/2030(1)
|
3,109,698
|
|
|
|
|
|
6,767,104
|
|
|
Diversified Financial Services - 0.4%
|
||
|
1,280,000
|
American Express Co. 5.09%, 01/30/2031,
(5.09% fixed rate until 01/30/2030; 6 mo.
USD SOFR + 1.02% thereafter)(7)
|
1,296,181
|
|
|
895,000
|
Ameriprise Financial, Inc. 5.20%, 04/15/2035
|
892,914
|
|
|
|
Capital One Financial Corp.
|
|
|
|
855,000
|
3.27%, 03/01/2030, (3.27% fixed rate until
03/01/2029; 6 mo. USD SOFR + 1.79%
thereafter)(7)
|
801,555
|
|
|
480,000
|
6.05%, 02/01/2035, (6.05% fixed rate until
02/01/2034; 6 mo. USD SOFR + 2.26%
thereafter)(7)
|
490,103
|
|
|
285,000
|
6.18%, 01/30/2036, (6.18% fixed rate until
01/30/2035; 6 mo. USD SOFR + 2.04%
thereafter)(7)
|
284,343
|
|
|
1,800,000
|
7.62%, 10/30/2031, (7.62% fixed rate until
10/30/2030; 6 mo. USD SOFR + 3.07%
thereafter)(7)
|
2,004,686
|
|
|
730,000
|
Discover Financial Services 7.96%,
11/02/2034, (7.96% fixed rate until
11/02/2033; 6 mo. USD SOFR + 3.37%
thereafter)(7)
|
834,401
|
|
|
|
|
|
6,604,183
|
|
|
Electric - 2.7%
|
||
|
325,000
|
AES Andes SA 6.25%, 03/14/2032(1)
|
327,002
|
|
|
|
Alabama Power Co.
|
|
|
|
945,000
|
3.45%, 10/01/2049
|
669,331
|
|
|
185,000
|
5.10%, 04/02/2035
|
184,976
|
|
|
475,000
|
American Electric Power Co., Inc. 6.95%,
12/15/2054, (6.95% fixed rate until
09/15/2034; 5 yr. USD CMT + 2.68%
thereafter)(7)
|
484,523
|
|
|
1,225,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
1,137,354
|
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
1,050,000
|
3.20%, 12/01/2051
|
690,998
|
|
|
790,000
|
5.50%, 03/15/2055
|
767,040
|
|
|
1,125,000
|
Dominion Energy, Inc. 5.00%, 06/15/2030
|
1,130,526
|
|
|
|
Duke Energy Carolinas LLC
|
|
|
|
105,000
|
3.55%, 03/15/2052
|
74,249
|
|
|
1,320,000
|
4.25%, 12/15/2041
|
1,128,134
|
|
|
260,000
|
4.85%, 03/15/2030
|
262,629
|
|
|
|
Duke Energy Corp.
|
|
|
|
2,040,000
|
2.55%, 06/15/2031
|
1,781,483
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Electric - 2.7% - (continued)
|
||
|
$ 320,000
|
3.30%, 06/15/2041
|
$236,899
|
|
|
180,000
|
5.45%, 06/15/2034
|
182,444
|
|
|
915,000
|
Duke Energy Florida LLC 1.75%, 06/15/2030
|
792,160
|
|
|
780,000
|
Duke Energy Indiana LLC 3.25%, 10/01/2049
|
528,514
|
|
|
510,000
|
Duke Energy Ohio, Inc. 5.55%, 03/15/2054
|
493,924
|
|
|
|
Duke Energy Progress LLC
|
|
|
|
490,000
|
4.00%, 04/01/2052
|
375,862
|
|
|
670,000
|
4.38%, 03/30/2044
|
574,778
|
|
|
705,000
|
5.05%, 03/15/2035
|
701,614
|
|
|
475,000
|
5.55%, 03/15/2055
|
464,628
|
|
|
|
Edison International
|
|
|
|
571,000
|
5.25%, 11/15/2028
|
563,022
|
|
|
175,000
|
6.25%, 03/15/2030
|
177,238
|
|
|
1,730,000
|
6.95%, 11/15/2029
|
1,798,497
|
|
|
1,690,000
|
Energo-Pro AS 8.50%, 02/04/2027(1)
|
1,709,703
|
|
|
500,000
|
Evergy, Inc. 2.90%, 09/15/2029
|
461,946
|
|
|
|
Eversource Energy
|
|
|
|
2,080,000
|
5.13%, 05/15/2033
|
2,056,345
|
|
|
205,000
|
5.50%, 01/01/2034
|
205,953
|
|
|
|
Georgia Power Co.
|
|
|
|
940,000
|
4.30%, 03/15/2042
|
806,368
|
|
|
985,000
|
4.55%, 03/15/2030
|
983,835
|
|
|
585,000
|
5.20%, 03/15/2035
|
588,907
|
|
|
845,000
|
Investment Energy Resources Ltd. 6.25%,
04/26/2029(1)
|
811,162
|
|
|
285,000
|
Jersey Central Power & Light Co. 5.10%,
01/15/2035(1)
|
281,760
|
|
|
140,000
|
Monongahela Power Co. 5.85%, 02/15/2034(1)
|
144,472
|
|
|
820,000
|
National Rural Utilities Cooperative Finance
Corp. 4.95%, 02/07/2030
|
830,771
|
|
|
|
NextEra Energy Capital Holdings, Inc.
|
|
|
|
650,000
|
1.88%, 01/15/2027
|
621,027
|
|
|
1,145,000
|
2.25%, 06/01/2030
|
1,013,031
|
|
|
525,000
|
Niagara Mohawk Power Corp. 5.29%,
01/17/2034(1)
|
519,283
|
|
|
515,000
|
NSTAR Electric Co. 5.40%, 06/01/2034
|
523,767
|
|
|
345,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
349,437
|
|
|
840,000
|
Oncor Electric Delivery Co. LLC 5.35%,
04/01/2035(1)
|
849,351
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
2,475,000
|
2.50%, 02/01/2031
|
2,127,524
|
|
|
1,285,000
|
6.10%, 01/15/2029
|
1,327,540
|
|
|
960,000
|
Public Service Co. of Oklahoma 5.20%,
01/15/2035
|
948,265
|
|
|
475,000
|
Public Service Electric & Gas Co. 5.45%,
03/01/2054
|
466,179
|
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
870,000
|
4.90%, 03/15/2030
|
874,113
|
|
|
135,000
|
5.45%, 04/01/2034
|
136,355
|
|
|
330,000
|
6.13%, 10/15/2033
|
347,891
|
|
|
|
Puget Energy, Inc.
|
|
|
|
2,070,000
|
3.65%, 05/15/2025
|
2,066,240
|
|
|
885,000
|
4.22%, 03/15/2032
|
823,969
|
|
|
1,410,000
|
5.73%, 03/15/2035(1)
|
1,407,684
|
|
|
845,000
|
San Diego Gas & Electric Co. 5.40%,
04/15/2035
|
851,039
|
|
|
|
Southern California Edison Co.
|
|
|
|
255,000
|
3.65%, 02/01/2050
|
176,820
|
|
|
515,000
|
4.00%, 04/01/2047
|
384,551
|
|
|
170,000
|
4.65%, 10/01/2043
|
142,314
|
|
|
350,000
|
5.20%, 06/01/2034
|
341,708
|
|
|
350,000
|
5.45%, 03/01/2035
|
346,562
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
356,000
|
2.45%, 12/15/2050
|
201,390
|
|
|
1,145,000
|
5.00%, 04/01/2033
|
1,134,732
|
|
|
1,340,000
|
5.00%, 01/15/2034
|
1,323,603
|
|
|
250,000
|
5.05%, 08/15/2034
|
247,309
|
|
|
|
34
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Electric - 2.7% - (continued)
|
||
|
$ 870,000
|
5.15%, 03/15/2035
|
$863,574
|
|
|
170,000
|
5.35%, 01/15/2054
|
159,875
|
|
|
440,000
|
5.65%, 03/15/2055
|
432,256
|
|
|
170,000
|
Wisconsin Power & Light Co. 5.38%,
03/30/2034
|
172,170
|
|
|
|
Xcel Energy, Inc.
|
|
|
|
720,000
|
4.60%, 06/01/2032
|
694,102
|
|
|
625,000
|
4.75%, 03/21/2028
|
627,342
|
|
|
640,000
|
5.60%, 04/15/2035
|
642,531
|
|
|
|
|
|
47,552,581
|
|
|
Engineering & Construction - 0.7%
|
||
|
7,400,000
|
GTP Acquisition Partners I LLC 3.48%,
06/15/2050(1)
|
7,373,985
|
|
|
1,615,000
|
IHS Holding Ltd. 6.25%, 11/29/2028(1)
|
1,557,328
|
|
|
2,954,591
|
International Airport Finance SA 12.00%,
03/15/2033(1)
|
3,149,514
|
|
|
|
|
|
12,080,827
|
|
|
Entertainment - 0.7%
|
||
|
|
Warnermedia Holdings, Inc.
|
|
|
|
145,000
|
4.05%, 03/15/2029
|
136,554
|
|
|
2,965,000
|
4.28%, 03/15/2032
|
2,612,282
|
|
|
355,000
|
5.05%, 03/15/2042
|
283,931
|
|
|
2,930,000
|
5.14%, 03/15/2052
|
2,135,960
|
|
|
2,335,000
|
5.39%, 03/15/2062
|
1,690,291
|
|
|
|
WMG Acquisition Corp.
|
|
|
|
725,000
|
3.75%, 12/01/2029(1)
|
675,741
|
|
|
4,525,000
|
3.88%, 07/15/2030(1)
|
4,179,130
|
|
|
|
|
|
11,713,889
|
|
|
Environmental Control - 0.5%
|
||
|
|
Clean Harbors, Inc.
|
|
|
|
4,475,000
|
4.88%, 07/15/2027(1)
|
4,411,648
|
|
|
706,000
|
6.38%, 02/01/2031(1)
|
713,552
|
|
|
|
Republic Services, Inc.
|
|
|
|
165,000
|
1.45%, 02/15/2031
|
137,418
|
|
|
400,000
|
4.88%, 04/01/2029
|
405,120
|
|
|
495,000
|
5.15%, 03/15/2035
|
498,007
|
|
|
655,000
|
5.20%, 11/15/2034
|
662,005
|
|
|
345,000
|
Veralto Corp. 5.50%, 09/18/2026
|
349,231
|
|
|
|
Waste Management, Inc.
|
|
|
|
800,000
|
3.88%, 01/15/2029(1)
|
781,858
|
|
|
1,005,000
|
4.95%, 03/15/2035
|
999,967
|
|
|
|
|
|
8,958,806
|
|
|
Food - 0.5%
|
||
|
950,000
|
Cencosud SA 5.95%, 05/28/2031(1)
|
966,902
|
|
|
830,000
|
Kraft Heinz Foods Co. 5.20%, 03/15/2032
|
839,189
|
|
|
|
Mars, Inc.
|
|
|
|
2,420,000
|
5.00%, 03/01/2032(1)
|
2,430,461
|
|
|
345,000
|
5.20%, 03/01/2035(1)
|
346,727
|
|
|
755,000
|
5.65%, 05/01/2045(1)
|
756,643
|
|
|
2,040,000
|
Minerva Luxembourg SA 4.38%, 03/18/2031(6)
|
1,782,860
|
|
|
519,000
|
NBM U.S. Holdings, Inc. 7.00%, 05/14/2026(1)
|
519,842
|
|
|
590,000
|
Pilgrim's Pride Corp. 4.25%, 04/15/2031
|
554,103
|
|
|
165,000
|
Tyson Foods, Inc. 5.40%, 03/15/2029
|
168,750
|
|
|
|
|
|
8,365,477
|
|
|
Gas - 0.1%
|
||
|
480,000
|
Brooklyn Union Gas Co. 3.87%, 03/04/2029(1)
|
462,667
|
|
|
196,000
|
KeySpan Gas East Corp. 5.99%, 03/06/2033(1)
|
200,826
|
|
|
635,000
|
NiSource, Inc. 5.40%, 06/30/2033
|
637,817
|
|
|
730,000
|
Southern California Gas Co. 5.60%, 04/01/2054
|
708,167
|
|
|
|
|
|
2,009,477
|
|
|
Hand/Machine Tools - 0.1%
|
||
|
1,030,000
|
Regal Rexnord Corp. 6.05%, 04/15/2028
|
1,056,652
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Healthcare - Products - 0.7%
|
||
|
|
Alcon Finance Corp.
|
|
|
|
$ 1,164,000
|
2.75%, 09/23/2026(1)
|
$1,133,768
|
|
|
340,000
|
5.75%, 12/06/2052(1)
|
339,774
|
|
|
|
Avantor Funding, Inc.
|
|
|
|
870,000
|
3.88%, 11/01/2029(1)
|
803,204
|
|
|
3,220,000
|
4.63%, 07/15/2028(1)
|
3,103,405
|
|
|
|
Hologic, Inc.
|
|
|
|
1,218,000
|
3.25%, 02/15/2029(1)
|
1,123,561
|
|
|
2,812,000
|
4.63%, 02/01/2028(1)
|
2,753,152
|
|
|
745,000
|
Smith & Nephew PLC 2.03%, 10/14/2030
|
643,264
|
|
|
1,495,000
|
Solventum Corp. 5.40%, 03/01/2029
|
1,525,067
|
|
|
|
|
|
11,425,195
|
|
|
Healthcare - Services - 0.7%
|
||
|
|
Centene Corp.
|
|
|
|
1,490,000
|
2.50%, 03/01/2031
|
1,256,196
|
|
|
1,455,000
|
2.63%, 08/01/2031
|
1,222,952
|
|
|
95,000
|
3.38%, 02/15/2030
|
85,918
|
|
|
5,230,000
|
4.63%, 12/15/2029
|
5,010,750
|
|
|
470,000
|
CommonSpirit Health 3.35%, 10/01/2029
|
442,975
|
|
|
845,000
|
Humana, Inc. 5.55%, 05/01/2035
|
835,361
|
|
|
385,000
|
Icon Investments Six DAC 5.81%, 05/08/2027
|
393,096
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
1,150,000
|
2.75%, 05/15/2040
|
830,833
|
|
|
190,000
|
3.50%, 08/15/2039
|
154,609
|
|
|
240,000
|
4.95%, 05/15/2062
|
208,411
|
|
|
985,000
|
5.38%, 04/15/2054
|
935,804
|
|
|
490,000
|
5.75%, 07/15/2064
|
481,931
|
|
|
260,000
|
6.05%, 02/15/2063
|
267,844
|
|
|
|
|
|
12,126,680
|
|
|
Home Builders - 0.2%
|
||
|
|
Taylor Morrison Communities, Inc.
|
|
|
|
1,446,000
|
5.13%, 08/01/2030(1)
|
1,389,611
|
|
|
2,558,000
|
5.75%, 01/15/2028(1)
|
2,551,909
|
|
|
|
|
|
3,941,520
|
|
|
Insurance - 0.5%
|
||
|
|
Athene Global Funding
|
|
|
|
1,985,000
|
2.65%, 10/04/2031(1)
|
1,701,875
|
|
|
390,000
|
2.72%, 01/07/2029(1)
|
360,612
|
|
|
730,000
|
4.72%, 10/08/2029(1)
|
720,216
|
|
|
1,130,000
|
CNO Global Funding 4.88%, 12/10/2027(1)
|
1,132,681
|
|
|
45,000
|
Corebridge Financial, Inc. 3.85%, 04/05/2029
|
43,509
|
|
|
|
Corebridge Global Funding
|
|
|
|
880,000
|
4.90%, 12/03/2029(1)
|
880,128
|
|
|
410,000
|
5.20%, 06/24/2029(1)
|
416,637
|
|
|
|
Equitable Financial Life Global Funding
|
|
|
|
1,280,000
|
1.80%, 03/08/2028(1)
|
1,182,598
|
|
|
650,000
|
5.00%, 03/27/2030(1)
|
652,765
|
|
|
670,000
|
Equitable Holdings, Inc. 4.35%, 04/20/2028
|
664,247
|
|
|
560,000
|
Marsh & McLennan Cos., Inc. 4.75%,
03/15/2039
|
531,740
|
|
|
|
|
|
8,287,008
|
|
|
Internet - 0.5%
|
||
|
|
Gen Digital, Inc.
|
|
|
|
2,355,000
|
6.25%, 04/01/2033(1)
|
2,344,290
|
|
|
1,900,000
|
6.75%, 09/30/2027(1)
|
1,923,347
|
|
|
|
Go Daddy Operating Co. LLC/GD Finance Co.,
Inc.
|
|
|
|
770,000
|
3.50%, 03/01/2029(1)
|
713,290
|
|
|
3,995,000
|
5.25%, 12/01/2027(1)
|
3,961,082
|
|
|
|
|
|
8,942,009
|
|
|
Investment Company Security - 0.2%
|
||
|
1,235,000
|
Ares Capital Corp. 5.80%, 03/08/2032
|
1,227,583
|
|
|
|
35
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Investment Company Security - 0.2% - (continued)
|
||
|
$ 1,405,000
|
Blackstone Private Credit Fund 6.00%,
01/29/2032
|
$1,392,963
|
|
|
970,000
|
Sixth Street Lending Partners 6.13%,
07/15/2030(1)
|
976,284
|
|
|
|
|
|
3,596,830
|
|
|
IT Services - 0.4%
|
||
|
1,410,000
|
Dell International LLC/EMC Corp. 5.30%,
04/01/2032(8)
|
1,419,044
|
|
|
3,387,000
|
Insight Enterprises, Inc. 6.63%, 05/15/2032(1)
|
3,413,507
|
|
|
1,380,000
|
International Business Machines Corp. 4.80%,
02/10/2030
|
1,390,061
|
|
|
|
|
|
6,222,612
|
|
|
Machinery - Construction & Mining - 0.1%
|
||
|
1,605,000
|
Caterpillar Financial Services Corp. 4.70%,
11/15/2029
|
1,621,433
|
|
|
|
Machinery-Diversified - 0.1%
|
||
|
210,000
|
AGCO Corp. 5.45%, 03/21/2027
|
212,578
|
|
|
1,276,000
|
Otis Worldwide Corp. 2.57%, 02/15/2030
|
1,154,863
|
|
|
|
|
|
1,367,441
|
|
|
Media - 0.8%
|
||
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
|
515,000
|
2.25%, 01/15/2029
|
463,821
|
|
|
520,000
|
6.48%, 10/23/2045
|
494,351
|
|
|
|
Comcast Corp.
|
|
|
|
1,025,000
|
2.89%, 11/01/2051
|
625,119
|
|
|
1,259,000
|
2.94%, 11/01/2056
|
739,725
|
|
|
|
Cox Communications, Inc.
|
|
|
|
1,105,000
|
2.60%, 06/15/2031(1)
|
951,371
|
|
|
750,000
|
5.45%, 09/01/2034(1)
|
732,578
|
|
|
510,000
|
5.95%, 09/01/2054(1)
|
472,888
|
|
|
670,000
|
Discovery Communications LLC 3.63%,
05/15/2030
|
602,760
|
|
|
|
Paramount Global
|
|
|
|
1,000,000
|
5.25%, 04/01/2044
|
804,346
|
|
|
260,000
|
5.85%, 09/01/2043
|
227,659
|
|
|
|
Sirius XM Radio LLC
|
|
|
|
1,425,000
|
4.00%, 07/15/2028(1)
|
1,329,530
|
|
|
3,600,000
|
4.13%, 07/01/2030(1)
|
3,197,670
|
|
|
1,585,000
|
Time Warner Cable Enterprises LLC 8.38%,
07/15/2033
|
1,809,137
|
|
|
780,000
|
Time Warner Cable LLC 6.55%, 05/01/2037
|
773,699
|
|
|
|
|
|
13,224,654
|
|
|
Mining - 0.3%
|
||
|
|
Glencore Funding LLC
|
|
|
|
1,155,000
|
5.37%, 04/04/2029(1)
|
1,173,859
|
|
|
85,000
|
5.67%, 04/01/2035(1)(8)
|
85,289
|
|
|
1,435,000
|
6.38%, 10/06/2030(1)
|
1,521,355
|
|
|
935,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
1,000,621
|
|
|
|
Rio Tinto Finance USA PLC
|
|
|
|
265,000
|
5.00%, 03/14/2032
|
266,180
|
|
|
800,000
|
5.88%, 03/14/2065
|
809,108
|
|
|
|
|
|
4,856,412
|
|
|
Oil & Gas - 1.8%
|
||
|
|
Aker BP ASA
|
|
|
|
550,000
|
5.13%, 10/01/2034(1)
|
524,869
|
|
|
1,445,000
|
5.80%, 10/01/2054(1)
|
1,317,652
|
|
|
560,000
|
6.00%, 06/13/2033(1)
|
571,064
|
|
|
710,000
|
APA Corp. 6.75%, 02/15/2055(1)
|
694,493
|
|
|
930,000
|
Azule Energy Finance PLC 8.13%,
01/23/2030(1)
|
931,162
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Oil & Gas - 1.8% - (continued)
|
||
|
|
BP Capital Markets America, Inc.
|
|
|
|
$ 570,000
|
4.81%, 02/13/2033
|
$560,456
|
|
|
915,000
|
4.89%, 09/11/2033
|
901,565
|
|
|
895,000
|
4.99%, 04/10/2034
|
886,204
|
|
|
|
ConocoPhillips Co.
|
|
|
|
265,000
|
4.03%, 03/15/2062
|
193,514
|
|
|
430,000
|
4.70%, 01/15/2030
|
432,615
|
|
|
280,000
|
5.30%, 05/15/2053
|
261,937
|
|
|
175,000
|
5.55%, 03/15/2054
|
169,459
|
|
|
560,000
|
5.65%, 01/15/2065
|
540,493
|
|
|
1,050,000
|
5.70%, 09/15/2063
|
1,021,840
|
|
|
515,000
|
Coterra Energy, Inc. 5.40%, 02/15/2035
|
506,840
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
440,000
|
5.55%, 04/01/2035
|
441,728
|
|
|
205,000
|
5.75%, 04/18/2054
|
193,266
|
|
|
500,000
|
5.90%, 04/18/2064
|
470,346
|
|
|
300,000
|
6.25%, 03/15/2053
|
300,382
|
|
|
|
Ecopetrol SA
|
|
|
|
1,740,000
|
4.63%, 11/02/2031
|
1,449,544
|
|
|
1,345,000
|
7.75%, 02/01/2032
|
1,320,352
|
|
|
2,695,000
|
8.38%, 01/19/2036
|
2,625,824
|
|
|
|
Energean Israel Finance Ltd.
|
|
|
|
695,000
|
5.88%, 03/30/2031(6)
|
637,662
|
|
|
995,000
|
8.50%, 09/30/2033(6)
|
1,023,445
|
|
|
970,000
|
Eni SpA 5.50%, 05/15/2034(1)
|
977,805
|
|
|
570,000
|
EOG Resources, Inc. 5.65%, 12/01/2054
|
563,376
|
|
|
675,000
|
Equinor ASA 3.63%, 04/06/2040
|
565,165
|
|
|
1,957,000
|
Hess Corp. 7.13%, 03/15/2033
|
2,213,769
|
|
|
1,160,000
|
Leviathan Bond Ltd. 6.50%, 06/30/2027(6)
|
1,143,035
|
|
|
445,000
|
Matador Resources Co. 6.50%, 04/15/2032(1)
|
441,009
|
|
|
740,000
|
Patterson-UTI Energy, Inc. 7.15%, 10/01/2033
|
779,772
|
|
|
895,000
|
Saudi Arabian Oil Co. 5.88%, 07/17/2064(1)
|
836,704
|
|
|
|
Shell Finance U.S., Inc.
|
|
|
|
575,000
|
3.25%, 04/06/2050
|
396,888
|
|
|
265,000
|
4.00%, 05/10/2046
|
212,274
|
|
|
|
Shell International Finance BV
|
|
|
|
215,000
|
2.88%, 11/26/2041
|
155,176
|
|
|
440,000
|
3.00%, 11/26/2051
|
285,697
|
|
|
|
TotalEnergies Capital SA
|
|
|
|
1,165,000
|
5.43%, 09/10/2064
|
1,097,053
|
|
|
1,330,000
|
5.64%, 04/05/2064
|
1,298,707
|
|
|
2,200,000
|
Viper Energy, Inc. 5.38%, 11/01/2027(1)
|
2,179,594
|
|
|
|
|
|
31,122,736
|
|
|
Packaging & Containers - 0.3%
|
||
|
6,115,000
|
Ball Corp. 6.00%, 06/15/2029
|
6,187,487
|
|
|
|
Pharmaceuticals - 0.4%
|
||
|
445,000
|
AbbVie, Inc. 4.95%, 03/15/2031
|
452,109
|
|
|
645,000
|
Bristol-Myers Squibb Co. 5.55%, 02/22/2054
|
635,644
|
|
|
1,725,000
|
Cardinal Health, Inc. 5.00%, 11/15/2029
|
1,739,096
|
|
|
1,390,000
|
Cencora, Inc. 4.85%, 12/15/2029
|
1,396,873
|
|
|
|
CVS Health Corp.
|
|
|
|
323,000
|
1.88%, 02/28/2031
|
270,135
|
|
|
522,000
|
2.13%, 09/15/2031
|
435,024
|
|
|
440,000
|
3.25%, 08/15/2029
|
410,859
|
|
|
360,000
|
3.75%, 04/01/2030
|
339,734
|
|
|
185,000
|
4.13%, 04/01/2040
|
150,433
|
|
|
445,000
|
4.78%, 03/25/2038
|
399,276
|
|
|
|
Eli Lilly & Co.
|
|
|
|
370,000
|
4.20%, 08/14/2029
|
367,843
|
|
|
520,000
|
5.50%, 02/12/2055
|
526,502
|
|
|
|
|
|
7,123,528
|
|
|
Pipelines - 0.8%
|
||
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
348,000
|
5.10%, 10/01/2031(1)
|
343,830
|
|
|
1,025,000
|
6.04%, 08/15/2028(1)
|
1,060,145
|
|
|
|
36
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Pipelines - 0.8% - (continued)
|
||
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
$ 350,000
|
5.93%, 08/15/2030(1)
|
$363,692
|
|
|
332,000
|
6.04%, 11/15/2033(1)
|
342,777
|
|
|
|
Enbridge, Inc.
|
|
|
|
840,000
|
3.13%, 11/15/2029
|
781,368
|
|
|
755,000
|
5.63%, 04/05/2034
|
766,963
|
|
|
|
Energy Transfer LP
|
|
|
|
85,000
|
5.25%, 07/01/2029
|
86,238
|
|
|
1,135,000
|
5.70%, 04/01/2035
|
1,143,396
|
|
|
885,000
|
6.40%, 12/01/2030
|
943,145
|
|
|
310,000
|
Enterprise Products Operating LLC 3.30%,
02/15/2053
|
207,021
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
726,132
|
2.16%, 03/31/2034(1)
|
639,424
|
|
|
330,000
|
2.63%, 03/31/2036(1)
|
278,768
|
|
|
323,266
|
2.94%, 09/30/2040(1)
|
264,245
|
|
|
1,490,000
|
Greensaif Pipelines Bidco SARL 6.51%,
02/23/2042(1)
|
1,556,145
|
|
|
|
Hess Midstream Operations LP
|
|
|
|
390,000
|
4.25%, 02/15/2030(1)
|
366,906
|
|
|
1,070,000
|
6.50%, 06/01/2029(1)
|
1,091,275
|
|
|
|
ONEOK, Inc.
|
|
|
|
210,000
|
3.10%, 03/15/2030
|
193,327
|
|
|
455,000
|
4.40%, 10/15/2029
|
446,869
|
|
|
850,000
|
5.85%, 11/01/2064
|
798,980
|
|
|
240,000
|
6.10%, 11/15/2032
|
251,433
|
|
|
60,000
|
7.15%, 01/15/2051
|
65,172
|
|
|
590,000
|
Targa Resources Corp. 5.55%, 08/15/2035
|
589,179
|
|
|
1,055,000
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp. 4.00%, 01/15/2032
|
973,510
|
|
|
|
Whistler Pipeline LLC
|
|
|
|
50,000
|
5.40%, 09/30/2029(1)
|
50,395
|
|
|
766,000
|
5.70%, 09/30/2031(1)
|
774,901
|
|
|
355,000
|
5.95%, 09/30/2034(1)
|
358,869
|
|
|
|
|
|
14,737,973
|
|
|
Real Estate Investment Trusts - 0.2%
|
||
|
|
American Tower Corp.
|
|
|
|
90,000
|
2.70%, 04/15/2031
|
79,564
|
|
|
120,000
|
3.80%, 08/15/2029
|
115,221
|
|
|
565,000
|
Cousins Properties LP 5.38%, 02/15/2032
|
562,666
|
|
|
845,000
|
Crown Castle, Inc. 4.80%, 09/01/2028
|
843,377
|
|
|
2,600,000
|
Iron Mountain, Inc. 6.25%, 01/15/2033(1)
|
2,574,941
|
|
|
|
|
|
4,175,769
|
|
|
Retail - 0.3%
|
||
|
|
AutoZone, Inc.
|
|
|
|
145,000
|
4.75%, 08/01/2032
|
142,669
|
|
|
235,000
|
4.75%, 02/01/2033
|
229,440
|
|
|
155,000
|
5.40%, 07/15/2034
|
156,608
|
|
|
360,000
|
6.55%, 11/01/2033
|
391,761
|
|
|
|
FirstCash, Inc.
|
|
|
|
3,352,000
|
4.63%, 09/01/2028(1)
|
3,201,073
|
|
|
1,735,000
|
5.63%, 01/01/2030(1)
|
1,682,300
|
|
|
202,000
|
O'Reilly Automotive, Inc. 4.70%, 06/15/2032
|
197,852
|
|
|
|
|
|
6,001,703
|
|
|
Semiconductors - 0.5%
|
||
|
|
Broadcom, Inc.
|
|
|
|
1,340,000
|
4.15%, 02/15/2028
|
1,328,636
|
|
|
395,000
|
5.05%, 07/12/2029
|
400,486
|
|
|
|
Foundry JV Holdco LLC
|
|
|
|
255,000
|
5.90%, 01/25/2033(1)
|
259,484
|
|
|
435,000
|
6.10%, 01/25/2036(1)
|
445,350
|
|
|
660,000
|
6.15%, 01/25/2032(1)
|
686,146
|
|
|
|
Intel Corp.
|
|
|
|
350,000
|
3.10%, 02/15/2060
|
194,104
|
|
|
329,000
|
3.25%, 11/15/2049
|
206,414
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.2% - (continued)
|
|||
|
|
Semiconductors - 0.5% - (continued)
|
||
|
$ 1,765,000
|
3.73%, 12/08/2047
|
$1,230,317
|
|
|
250,000
|
4.75%, 03/25/2050
|
201,429
|
|
|
335,000
|
5.90%, 02/10/2063
|
313,959
|
|
|
595,000
|
Marvell Technology, Inc. 2.45%, 04/15/2028
|
557,473
|
|
|
|
Microchip Technology, Inc.
|
|
|
|
1,070,000
|
4.90%, 03/15/2028
|
1,073,199
|
|
|
680,000
|
5.05%, 02/15/2030
|
678,960
|
|
|
1,165,000
|
Qorvo, Inc. 3.38%, 04/01/2031(1)
|
1,021,302
|
|
|
315,000
|
QUALCOMM, Inc. 4.80%, 05/20/2045
|
288,596
|
|
|
|
|
|
8,885,855
|
|
|
Software - 0.9%
|
||
|
3,542,000
|
Fair Isaac Corp. 4.00%, 06/15/2028(1)
|
3,367,864
|
|
|
668,000
|
MSCI, Inc. 3.63%, 11/01/2031(1)
|
603,069
|
|
|
|
Open Text Corp.
|
|
|
|
4,905,000
|
3.88%, 12/01/2029(1)
|
4,461,885
|
|
|
830,000
|
6.90%, 12/01/2027(1)
|
859,051
|
|
|
600,000
|
Open Text Holdings, Inc. 4.13%, 12/01/2031(1)
|
529,866
|
|
|
|
Oracle Corp.
|
|
|
|
280,000
|
2.95%, 04/01/2030
|
257,235
|
|
|
1,465,000
|
3.85%, 04/01/2060
|
1,006,656
|
|
|
285,000
|
4.10%, 03/25/2061
|
203,678
|
|
|
245,000
|
5.25%, 02/03/2032
|
248,160
|
|
|
640,000
|
5.50%, 09/27/2064
|
580,174
|
|
|
4,425,000
|
SS&C Technologies, Inc. 5.50%, 09/30/2027(1)
|
4,391,529
|
|
|
|
|
|
16,509,167
|
|
|
Telecommunications - 0.3%
|
||
|
|
AT&T, Inc.
|
|
|
|
429,000
|
3.55%, 09/15/2055
|
290,735
|
|
|
861,000
|
3.80%, 12/01/2057
|
604,439
|
|
|
|
Cisco Systems, Inc.
|
|
|
|
1,165,000
|
4.75%, 02/24/2030
|
1,183,603
|
|
|
860,000
|
4.95%, 02/26/2031
|
877,257
|
|
|
375,000
|
5.35%, 02/26/2064
|
364,609
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
255,000
|
2.55%, 02/15/2031
|
224,804
|
|
|
975,000
|
3.88%, 04/15/2030
|
934,676
|
|
|
355,000
|
4.70%, 01/15/2035
|
341,619
|
|
|
210,000
|
5.05%, 07/15/2033
|
208,587
|
|
|
425,000
|
5.13%, 05/15/2032
|
427,673
|
|
|
275,000
|
5.75%, 01/15/2034
|
286,453
|
|
|
|
|
|
5,744,455
|
|
|
Trucking & Leasing - 0.0%
|
||
|
705,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 4.00%, 07/15/2025(1)
|
703,329
|
|
|
|
Total Corporate Bonds
(cost $409,927,860)
|
$402,815,374
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.9%
|
|||
|
|
Bermuda - 0.1%
|
||
|
|
Bermuda Government International Bonds
|
|
|
|
735,000
|
2.38%, 08/20/2030(1)
|
$638,495
|
|
|
1,825,000
|
5.00%, 07/15/2032(1)
|
1,791,237
|
|
|
|
|
|
2,429,732
|
|
|
Brazil - 0.4%
|
||
|
BRL
42,374,000
|
Brazil Notas do Tesouro Nacional 10.00%,
01/01/2031
|
6,093,330
|
|
|
|
Bulgaria - 0.1%
|
||
|
|
Bulgaria Government International Bonds
|
|
|
|
EUR
845,000
|
1.38%, 09/23/2050(6)
|
517,610
|
|
|
1,195,000
|
4.88%, 05/13/2036(6)
|
1,393,135
|
|
|
|
|
|
1,910,745
|
|
|
37
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.9% - (continued)
|
|||
|
|
Chile - 0.1%
|
||
|
EUR
1,605,000
|
Chile Government International Bonds 1.25%,
01/22/2051
|
$908,527
|
|
|
|
Colombia - 0.2%
|
||
|
|
Colombia Government International Bonds
|
|
|
|
$ 2,685,000
|
5.00%, 06/15/2045
|
1,802,306
|
|
|
395,000
|
5.20%, 05/15/2049
|
262,481
|
|
|
635,000
|
7.75%, 11/07/2036
|
616,471
|
|
|
750,000
|
8.38%, 11/07/2054
|
715,688
|
|
|
|
|
|
3,396,946
|
|
|
Costa Rica - 0.1%
|
||
|
|
Costa Rica Government International Bonds
|
|
|
|
1,140,000
|
6.55%, 04/03/2034(1)
|
1,167,360
|
|
|
655,000
|
7.30%, 11/13/2054(1)
|
676,288
|
|
|
|
|
|
1,843,648
|
|
|
Hungary - 0.2%
|
||
|
|
Hungary Government International Bonds
|
|
|
|
EUR
2,855,000
|
1.63%, 04/28/2032(6)
|
2,624,069
|
|
|
$ 1,030,000
|
6.13%, 05/22/2028(1)
|
1,057,375
|
|
|
|
|
|
3,681,444
|
|
|
Indonesia - 0.2%
|
||
|
EUR
3,075,000
|
Indonesia Government International Bonds
1.10%, 03/12/2033
|
2,665,400
|
|
|
|
Israel - 0.1%
|
||
|
$ 710,000
|
Israel Government International Bonds 5.38%,
02/19/2030
|
715,189
|
|
|
|
Ivory Coast - 0.1%
|
||
|
EUR
1,965,000
|
Ivory Coast Government International Bonds
4.88%, 01/30/2032(6)
|
1,875,095
|
|
|
|
Mexico - 0.5%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
$ 765,000
|
3.50%, 02/12/2034
|
627,078
|
|
|
3,565,000
|
6.00%, 05/07/2036
|
3,443,612
|
|
|
995,000
|
6.34%, 05/04/2053
|
903,171
|
|
|
225,000
|
6.35%, 02/09/2035
|
225,385
|
|
|
275,000
|
6.40%, 05/07/2054
|
250,995
|
|
|
1,025,000
|
6.88%, 05/13/2037
|
1,049,190
|
|
|
1,725,000
|
7.38%, 05/13/2055
|
1,762,088
|
|
|
|
|
|
8,261,519
|
|
|
North Macedonia - 0.1%
|
||
|
EUR
2,165,000
|
North Macedonia Government International
Bonds 3.68%, 06/03/2026(1)
|
2,331,903
|
|
|
|
Panama - 0.0%
|
||
|
|
Panama Government International Bonds
|
|
|
|
$ 635,000
|
4.50%, 04/16/2050
|
403,003
|
|
|
60,000
|
6.70%, 01/26/2036
|
57,366
|
|
|
275,000
|
6.85%, 03/28/2054
|
240,212
|
|
|
|
|
|
700,581
|
|
|
Peru - 0.1%
|
||
|
|
Peru Government International Bonds
|
|
|
|
280,000
|
3.00%, 01/15/2034
|
232,041
|
|
|
1,290,000
|
5.38%, 02/08/2035
|
1,264,458
|
|
|
880,000
|
5.88%, 08/08/2054
|
851,013
|
|
|
|
|
|
2,347,512
|
|
|
Philippines - 0.1%
|
||
|
|
Philippines Government International Bonds
|
|
|
|
EUR
1,335,000
|
1.20%, 04/28/2033
|
1,172,872
|
|
|
710,000
|
1.75%, 04/28/2041
|
531,775
|
|
|
|
|
|
1,704,647
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.9% - (continued)
|
|||
|
|
Poland - 0.0%
|
||
|
$ 670,000
|
Bank Gospodarstwa Krajowego 5.38%,
05/22/2033(1)
|
$668,933
|
|
|
|
Romania - 0.4%
|
||
|
|
Romania Government International Bonds
|
|
|
|
EUR
2,970,000
|
2.63%, 12/02/2040(1)
|
1,936,827
|
|
|
5,590,000
|
2.75%, 04/14/2041(6)
|
3,660,703
|
|
|
$ 276,000
|
5.75%, 03/24/2035(1)
|
249,434
|
|
|
706,000
|
5.88%, 01/30/2029(1)
|
703,018
|
|
|
436,000
|
7.50%, 02/10/2037(1)
|
443,373
|
|
|
|
|
|
6,993,355
|
|
|
Saudi Arabia - 0.0%
|
||
|
635,000
|
Saudi Government International Bonds 5.38%,
01/13/2031(1)
|
650,494
|
|
|
|
Uruguay - 0.1%
|
||
|
900,000
|
Uruguay Government International Bonds
4.38%, 01/23/2031
|
884,037
|
|
|
|
Total Foreign Government Obligations
(cost $59,892,363)
|
|
$50,063,037
|
|
MUNICIPAL BONDS - 1.2%
|
|||
|
|
Development - 0.2%
|
||
|
3,995,000
|
New York Transportation Dev Corp., NY, Rev
4.25%, 09/01/2035
|
$3,889,350
|
|
|
|
General - 0.6%
|
||
|
5,445,000
|
Philadelphia Auth for Industrial Dev, PA, Rev,
(NPFG) 6.55%, 10/15/2028
|
5,813,823
|
|
|
4,130,000
|
State Board of Administration Finance Corp.,
FL, Rev 1.26%, 07/01/2025
|
4,096,026
|
|
|
|
|
|
9,909,849
|
|
|
School District - 0.2%
|
||
|
|
Chicago Board of Education, IL, GO
|
|
|
|
1,115,000
|
6.14%, 12/01/2039
|
1,050,674
|
|
|
1,540,000
|
6.32%, 11/01/2029
|
1,543,398
|
|
|
|
|
|
2,594,072
|
|
|
Transportation - 0.2%
|
||
|
2,790,000
|
Metropolitan Transportation Auth, NY, Rev
6.81%, 11/15/2040
|
3,064,265
|
|
|
|
Utility - Electric - 0.0%
|
||
|
722,000
|
Municipal Electric Auth of Georgia, GA, Rev
6.64%, 04/01/2057
|
790,397
|
|
|
|
Total Municipal Bonds
(cost $21,508,716)
|
|
$20,247,933
|
|
SENIOR FLOATING RATE INTERESTS - 0.0%(9)
|
|||
|
|
Oil & Gas Services - 0.0%
|
||
|
776,452
|
PES Holdings LLC 3.00%, 12/31/2025, U.S.
(Fed) Prime Rate + 3.00%(10)(11)
|
$3,882
|
|
|
|
Total Senior Floating Rate Interests
(cost $776,452)
|
$3,882
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0%
|
|||
|
|
Mortgage-Backed Agencies - 40.0%
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.3%
|
||
|
34,735
|
0.00%, 11/15/2036(12)(13)
|
$28,853
|
|
|
5,631,664
|
0.37%, 12/25/2033(3)(4)
|
165,134
|
|
|
18,584,982
|
0.59%, 03/25/2027(3)(4)
|
180,458
|
|
|
4,274,351
|
0.61%, 10/25/2026(3)(4)
|
34,544
|
|
|
17,160,727
|
0.72%, 12/25/2030(3)(4)
|
576,250
|
|
|
9,693,835
|
0.73%, 06/25/2027(3)(4)
|
125,600
|
|
|
4,192,282
|
0.87%, 11/25/2030(3)(4)
|
166,229
|
|
|
|
38
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.3% - (continued)
|
||
|
$ 1,759,802
|
1.00%, 02/25/2051
|
$1,509,773
|
|
|
7,648,182
|
1.02%, 10/25/2030(3)(4)
|
341,228
|
|
|
12,778,770
|
1.11%, 06/25/2030(3)(4)
|
616,155
|
|
|
7,989,573
|
1.50%, 05/15/2037(3)
|
451,947
|
|
|
787,811
|
1.50%, 11/01/2051
|
595,226
|
|
|
6,201,729
|
1.57%, 05/25/2030(3)(4)
|
407,663
|
|
|
553,486
|
1.75%, 10/15/2042
|
479,372
|
|
|
1,288,273
|
2.00%, 05/01/2036
|
1,174,072
|
|
|
517,772
|
2.00%, 06/01/2036
|
471,293
|
|
|
32,477
|
2.00%, 12/01/2036
|
29,372
|
|
|
273,313
|
2.00%, 12/01/2040
|
233,739
|
|
|
1,730,253
|
2.00%, 05/01/2041
|
1,477,851
|
|
|
1,918,255
|
2.00%, 12/01/2041
|
1,635,198
|
|
|
1,571,784
|
2.00%, 10/01/2050
|
1,260,954
|
|
|
1,473,610
|
2.00%, 02/01/2051
|
1,186,189
|
|
|
7,841,049
|
2.00%, 03/01/2051
|
6,283,163
|
|
|
2,669,070
|
2.00%, 04/01/2051
|
2,135,826
|
|
|
1,471,636
|
2.00%, 05/01/2051
|
1,189,268
|
|
|
637,778
|
2.00%, 08/01/2051
|
511,444
|
|
|
642,304
|
2.00%, 11/01/2051
|
516,903
|
|
|
2,424,743
|
2.00%, 04/01/2052
|
1,954,861
|
|
|
3,458,509
|
2.00%, 06/15/2052(3)
|
443,860
|
|
|
112,296
|
2.50%, 05/15/2028(3)
|
2,948
|
|
|
888,654
|
2.50%, 05/01/2050
|
751,265
|
|
|
1,018,807
|
2.50%, 06/01/2050
|
859,935
|
|
|
5,852,639
|
2.50%, 07/01/2050
|
4,940,124
|
|
|
1,760,570
|
2.50%, 11/01/2050
|
1,480,677
|
|
|
537,684
|
2.50%, 02/01/2051
|
456,275
|
|
|
1,846,626
|
2.50%, 03/01/2051
|
1,543,770
|
|
|
2,289,562
|
2.50%, 03/25/2051(3)
|
319,562
|
|
|
678,312
|
2.50%, 05/01/2051
|
570,564
|
|
|
824,702
|
2.50%, 07/01/2051
|
693,711
|
|
|
560,379
|
2.50%, 08/01/2051
|
469,984
|
|
|
1,033,629
|
2.50%, 10/01/2051
|
868,314
|
|
|
2,648,198
|
2.50%, 03/15/2052(3)
|
401,665
|
|
|
1,646,986
|
2.50%, 03/25/2052
|
1,460,016
|
|
|
3,368,589
|
2.50%, 04/01/2052
|
2,819,513
|
|
|
2,998,475
|
2.50%, 08/25/2052(3)
|
463,575
|
|
|
227,522
|
3.00%, 03/15/2028(3)
|
6,616
|
|
|
407,820
|
3.00%, 08/01/2029
|
398,984
|
|
|
39,320
|
3.00%, 05/15/2032(3)
|
247
|
|
|
1,556,492
|
3.00%, 10/01/2032
|
1,502,760
|
|
|
245,822
|
3.00%, 03/15/2033(3)
|
18,007
|
|
|
1,004,582
|
3.00%, 04/01/2033
|
971,592
|
|
|
1,635,658
|
3.00%, 11/01/2036
|
1,533,170
|
|
|
947,190
|
3.00%, 01/01/2037
|
887,493
|
|
|
2,025,000
|
3.00%, 03/25/2040
|
1,777,361
|
|
|
3,275,988
|
3.00%, 11/01/2046
|
2,907,014
|
|
|
841,484
|
3.00%, 12/01/2046
|
747,843
|
|
|
671,920
|
3.00%, 07/01/2050
|
589,776
|
|
|
275,025
|
3.00%, 08/01/2051
|
240,667
|
|
|
2,522,124
|
3.00%, 09/25/2051(3)
|
417,429
|
|
|
1,906,964
|
3.00%, 10/01/2051
|
1,669,635
|
|
|
725,583
|
3.00%, 01/01/2052
|
636,975
|
|
|
949,435
|
3.00%, 05/01/2052
|
831,256
|
|
|
321,306
|
3.25%, 11/15/2041
|
298,798
|
|
|
30,531
|
3.50%, 09/15/2026(3)
|
528
|
|
|
14,723
|
3.50%, 03/15/2027(3)
|
101
|
|
|
581,687
|
3.50%, 05/15/2034(3)
|
41,514
|
|
|
1,090,111
|
3.50%, 08/01/2034
|
1,057,198
|
|
|
228,355
|
3.50%, 03/15/2041(3)
|
5,330
|
|
|
451,660
|
3.50%, 10/15/2045
|
417,298
|
|
|
216,016
|
3.50%, 06/01/2046
|
199,549
|
|
|
992,585
|
3.50%, 12/15/2046
|
915,593
|
|
|
1,080,428
|
3.50%, 10/01/2047
|
987,971
|
|
|
416,564
|
3.50%, 12/01/2047
|
381,365
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.3% - (continued)
|
||
|
$ 5,951,968
|
3.50%, 03/01/2048
|
$5,449,226
|
|
|
187,536
|
3.50%, 08/01/2048
|
173,684
|
|
|
1,831,498
|
3.50%, 04/25/2051(3)
|
365,069
|
|
|
42,629
|
4.00%, 08/01/2025
|
42,518
|
|
|
7,155
|
4.00%, 12/15/2026(3)
|
80
|
|
|
24,771
|
4.00%, 07/15/2027(3)
|
521
|
|
|
41,618
|
4.00%, 03/15/2028(3)
|
562
|
|
|
29,341
|
4.00%, 06/15/2028(3)
|
500
|
|
|
201,778
|
4.00%, 07/15/2030(3)
|
11,123
|
|
|
1,093,648
|
4.00%, 05/25/2040(3)
|
154,576
|
|
|
1,147,421
|
4.00%, 09/15/2041
|
1,112,457
|
|
|
993,598
|
4.00%, 05/01/2042
|
956,914
|
|
|
311,451
|
4.00%, 08/01/2042
|
299,593
|
|
|
409,566
|
4.00%, 09/01/2042
|
394,057
|
|
|
21,238
|
4.00%, 07/01/2044
|
20,852
|
|
|
2,005,214
|
4.00%, 03/25/2045(3)
|
362,914
|
|
|
85,879
|
4.00%, 06/01/2045
|
81,428
|
|
|
306,495
|
4.00%, 02/01/2046
|
290,610
|
|
|
123,825
|
4.00%, 04/01/2047
|
118,374
|
|
|
103,554
|
4.00%, 09/01/2048
|
97,740
|
|
|
2,292,349
|
4.00%, 04/01/2049
|
2,158,212
|
|
|
457,075
|
4.00%, 05/01/2049
|
433,170
|
|
|
1,729,334
|
4.00%, 07/01/2049
|
1,640,546
|
|
|
189,134
|
4.50%, 09/01/2044
|
184,389
|
|
|
2,049,340
|
4.50%, 05/25/2050(3)
|
411,289
|
|
|
807,280
|
4.75%, 07/15/2039
|
810,182
|
|
|
330,078
|
5.00%, 09/15/2033(3)
|
45,012
|
|
|
3,638
|
5.00%, 03/01/2039
|
3,674
|
|
|
101,141
|
5.00%, 08/01/2039
|
102,156
|
|
|
2,607
|
5.00%, 09/01/2039
|
2,618
|
|
|
5,771
|
5.00%, 12/01/2039
|
5,797
|
|
|
5,481
|
5.00%, 04/01/2041
|
5,536
|
|
|
11,084
|
5.00%, 04/01/2044
|
11,195
|
|
|
9,742
|
5.00%, 05/01/2044
|
9,718
|
|
|
433,777
|
5.00%, 02/15/2048(3)
|
86,997
|
|
|
523,328
|
5.00%, 08/01/2052
|
514,841
|
|
|
1,366,385
|
5.00%, 04/01/2053
|
1,348,263
|
|
|
1,426,628
|
5.00%, 11/01/2054
|
1,409,530
|
|
|
6,426
|
5.50%, 03/01/2028
|
6,472
|
|
|
23,263
|
5.50%, 04/01/2033
|
23,458
|
|
|
268,742
|
5.50%, 05/01/2034
|
274,015
|
|
|
5,120
|
5.50%, 05/01/2037
|
5,222
|
|
|
14,618
|
5.50%, 11/01/2037
|
14,915
|
|
|
2,715,483
|
5.50%, 12/01/2037
|
2,760,704
|
|
|
27,687
|
5.50%, 02/01/2038
|
28,187
|
|
|
11,883
|
5.50%, 04/01/2038
|
12,097
|
|
|
14,953
|
5.50%, 06/01/2038
|
15,217
|
|
|
1,550,740
|
5.50%, 08/01/2038
|
1,582,840
|
|
|
158,822
|
5.50%, 09/01/2038
|
161,655
|
|
|
3,066
|
5.50%, 12/01/2039
|
3,121
|
|
|
41,114
|
5.50%, 02/01/2040
|
41,847
|
|
|
134,915
|
5.50%, 05/01/2040
|
137,349
|
|
|
131,562
|
5.50%, 08/01/2040
|
133,909
|
|
|
674,255
|
5.50%, 06/01/2041
|
686,009
|
|
|
557,419
|
5.50%, 10/15/2046(3)
|
104,800
|
|
|
2,125,930
|
5.50%, 02/01/2053
|
2,132,994
|
|
|
8,605,786
|
5.50%, 05/01/2054
|
8,596,724
|
|
|
8,584,294
|
5.50%, 07/01/2054
|
8,575,255
|
|
|
567
|
6.00%, 07/01/2029
|
577
|
|
|
63,571
|
6.00%, 10/01/2032
|
65,981
|
|
|
8,638
|
6.00%, 11/01/2032
|
8,784
|
|
|
77,027
|
6.00%, 12/01/2032
|
79,752
|
|
|
6,455
|
6.00%, 11/01/2033
|
6,666
|
|
|
14,636
|
6.00%, 01/01/2034
|
15,114
|
|
|
6,613
|
6.00%, 02/01/2034
|
6,827
|
|
|
65,519
|
6.00%, 08/01/2034
|
68,161
|
|
|
|
39
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.3% - (continued)
|
||
|
$ 70,136
|
6.00%, 09/01/2034
|
$72,897
|
|
|
87,941
|
6.00%, 01/01/2035
|
90,501
|
|
|
427,190
|
6.00%, 11/01/2037
|
445,962
|
|
|
1,037,295
|
6.00%, 11/01/2052
|
1,057,502
|
|
|
1,161,282
|
6.00%, 12/01/2052
|
1,189,166
|
|
|
566,861
|
6.00%, 03/01/2053
|
583,185
|
|
|
1,424,526
|
6.00%, 05/01/2054
|
1,448,206
|
|
|
5,398,769
|
6.00%, 06/01/2054
|
5,498,235
|
|
|
3,942,036
|
6.00%, 08/01/2054
|
4,012,724
|
|
|
97
|
6.50%, 08/01/2032
|
100
|
|
|
197,493
|
6.50%, 07/15/2036
|
204,957
|
|
|
51,768
|
6.50%, 12/01/2037
|
54,575
|
|
|
1,432,000
|
7.24%, 04/25/2042, 30 day USD SOFR
Average + 2.90%(1)(2)
|
1,472,118
|
|
|
18
|
7.50%, 09/01/2029
|
19
|
|
|
2,005,000
|
7.69%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(2)
|
2,082,021
|
|
|
3,990,000
|
7.69%, 06/25/2043, 30 day USD SOFR
Average + 3.35%(1)(2)
|
4,177,031
|
|
|
1,705,000
|
7.74%, 10/25/2041, 30 day USD SOFR
Average + 3.40%(1)(2)
|
1,746,216
|
|
|
3,815,000
|
7.84%, 05/25/2043, 30 day USD SOFR
Average + 3.50%(1)(2)
|
4,047,617
|
|
|
620,000
|
7.89%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(2)
|
647,012
|
|
|
1,629,000
|
7.99%, 11/25/2041, 30 day USD SOFR
Average + 3.65%(1)(2)
|
1,678,027
|
|
|
1,705,000
|
8.04%, 09/25/2042, 30 day USD SOFR
Average + 3.70%(1)(2)
|
1,792,755
|
|
|
1,525,000
|
8.34%, 07/25/2042, 30 day USD SOFR
Average + 4.00%(1)(2)
|
1,607,530
|
|
|
2,440,000
|
8.84%, 06/25/2042, 30 day USD SOFR
Average + 4.50%(1)(2)
|
2,590,987
|
|
|
|
|
|
144,890,311
|
|
|
Federal National Mortgage Association - 14.2%
|
||
|
38,520
|
0.00%, 03/25/2036(12)(13)
|
33,855
|
|
|
335,393
|
0.00%, 06/25/2041(12)(13)
|
254,850
|
|
|
7,486,587
|
0.29%, 01/25/2030(3)(4)
|
64,894
|
|
|
7,897,116
|
1.45%, 05/25/2029(3)(4)
|
286,289
|
|
|
4,495,769
|
1.50%, 09/01/2051
|
3,404,212
|
|
|
310,609
|
1.50%, 10/01/2051
|
234,679
|
|
|
410,919
|
1.50%, 04/01/2052
|
310,499
|
|
|
3,230,165
|
1.55%, 10/25/2049, 30 day USD SOFR
Average + 5.89%(2)(3)
|
339,923
|
|
|
2,770,237
|
1.65%, 06/25/2045, 30 day USD SOFR
Average + 5.99%(2)(3)
|
285,104
|
|
|
866,328
|
1.75%, 12/25/2042
|
774,609
|
|
|
1,332,621
|
2.00%, 05/01/2036
|
1,213,761
|
|
|
1,462,723
|
2.00%, 08/01/2036
|
1,332,081
|
|
|
920,512
|
2.00%, 09/01/2036
|
840,673
|
|
|
660,667
|
2.00%, 12/01/2036
|
603,355
|
|
|
540,887
|
2.00%, 09/25/2039
|
474,436
|
|
|
1,112,409
|
2.00%, 09/01/2040
|
972,301
|
|
|
2,597,956
|
2.00%, 12/01/2040
|
2,220,700
|
|
|
1,052,773
|
2.00%, 04/01/2041
|
899,317
|
|
|
355,971
|
2.00%, 05/01/2041
|
304,086
|
|
|
1,384,029
|
2.00%, 10/01/2041
|
1,178,655
|
|
|
7,009,522
|
2.00%, 12/01/2050
|
5,630,894
|
|
|
8,761,184
|
2.00%, 02/01/2051
|
7,028,259
|
|
|
12,907,166
|
2.00%, 03/01/2051
|
10,329,385
|
|
|
13,409,415
|
2.00%, 04/01/2051
|
10,721,162
|
|
|
1,475,354
|
2.00%, 05/01/2051
|
1,177,008
|
|
|
489,389
|
2.00%, 07/01/2051
|
391,696
|
|
|
632,825
|
2.00%, 10/01/2051
|
510,701
|
|
|
3,575,518
|
2.00%, 03/25/2052(3)
|
473,815
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal National Mortgage Association - 14.2% - (continued)
|
||
|
$ 20,846
|
2.00%, 04/01/2052
|
$16,593
|
|
|
831,669
|
2.09%, 04/25/2055(2)(3)
|
36,890
|
|
|
621,447
|
2.20%, 08/25/2044(3)(4)
|
40,484
|
|
|
800,230
|
2.25%, 04/01/2033
|
682,177
|
|
|
805,400
|
2.25%, 05/25/2046(3)(4)
|
39,650
|
|
|
533,240
|
2.37%, 06/25/2055(3)(4)
|
26,387
|
|
|
102,937
|
2.50%, 06/25/2028(3)
|
2,631
|
|
|
1,879,166
|
2.50%, 09/01/2040
|
1,662,552
|
|
|
77,171
|
2.50%, 01/01/2043
|
66,810
|
|
|
1,918,544
|
2.50%, 02/01/2043
|
1,660,979
|
|
|
648,825
|
2.50%, 03/01/2043
|
561,719
|
|
|
1,396,694
|
2.50%, 05/01/2043
|
1,208,017
|
|
|
1,124,626
|
2.50%, 06/01/2043
|
970,373
|
|
|
650,728
|
2.50%, 04/01/2045
|
554,894
|
|
|
879,836
|
2.50%, 04/01/2050
|
740,176
|
|
|
1,025,128
|
2.50%, 06/01/2050
|
863,064
|
|
|
169,745
|
2.50%, 07/01/2050
|
142,473
|
|
|
1,596,887
|
2.50%, 09/01/2050
|
1,341,301
|
|
|
2,758,543
|
2.50%, 10/01/2050
|
2,332,194
|
|
|
1,180,767
|
2.50%, 01/01/2051
|
995,947
|
|
|
2,827,268
|
2.50%, 02/25/2051(3)
|
468,204
|
|
|
18,118,395
|
2.50%, 05/01/2051
|
15,266,340
|
|
|
2,309,766
|
2.50%, 06/01/2051
|
1,930,827
|
|
|
1,318,747
|
2.50%, 07/01/2051
|
1,109,272
|
|
|
874,236
|
2.50%, 09/01/2051
|
733,646
|
|
|
6,119,029
|
2.50%, 10/01/2051
|
5,128,500
|
|
|
12,901,411
|
2.50%, 11/01/2051
|
10,896,172
|
|
|
1,536,374
|
2.50%, 12/01/2051
|
1,296,886
|
|
|
1,484,745
|
2.50%, 01/01/2052
|
1,249,056
|
|
|
2,232,607
|
2.50%, 03/01/2052
|
1,869,049
|
|
|
1,564,785
|
2.50%, 04/01/2052
|
1,311,570
|
|
|
2,876,331
|
2.50%, 06/25/2052(3)
|
441,783
|
|
|
2,839,613
|
2.50%, 09/25/2052(3)
|
448,274
|
|
|
2,048,047
|
2.50%, 01/01/2057
|
1,704,064
|
|
|
72,274
|
3.00%, 09/25/2027(3)
|
1,509
|
|
|
371,906
|
3.00%, 01/25/2028(3)
|
7,162
|
|
|
1,199,990
|
3.00%, 04/25/2033(3)
|
73,557
|
|
|
411,693
|
3.00%, 08/01/2033
|
398,098
|
|
|
1,110,152
|
3.00%, 03/01/2037
|
1,047,830
|
|
|
1,621,891
|
3.00%, 06/01/2043
|
1,470,665
|
|
|
1,052,244
|
3.00%, 09/01/2048
|
931,914
|
|
|
1,022,891
|
3.00%, 08/25/2049
|
924,284
|
|
|
152,492
|
3.00%, 12/01/2049
|
134,025
|
|
|
713,319
|
3.00%, 02/01/2050
|
629,087
|
|
|
2,458,949
|
3.00%, 08/01/2050
|
2,150,738
|
|
|
1,008,969
|
3.00%, 10/01/2050
|
880,149
|
|
|
1,400,395
|
3.00%, 12/01/2050
|
1,221,819
|
|
|
448,029
|
3.00%, 04/01/2051
|
390,756
|
|
|
1,268,287
|
3.00%, 05/01/2051
|
1,122,501
|
|
|
253,519
|
3.00%, 06/01/2051
|
221,848
|
|
|
322,366
|
3.00%, 07/01/2051
|
282,350
|
|
|
3,676,741
|
3.00%, 08/01/2051
|
3,217,099
|
|
|
2,338,907
|
3.00%, 09/01/2051
|
2,055,596
|
|
|
3,870,578
|
3.00%, 10/01/2051
|
3,383,550
|
|
|
4,209,370
|
3.00%, 11/01/2051
|
3,677,430
|
|
|
1,950,112
|
3.00%, 12/01/2051
|
1,705,027
|
|
|
902,540
|
3.00%, 01/01/2052
|
786,848
|
|
|
1,044,073
|
3.00%, 04/01/2052
|
912,518
|
|
|
1,329,214
|
3.00%, 05/01/2052
|
1,161,660
|
|
|
68,132
|
3.50%, 05/25/2027(3)
|
1,333
|
|
|
134,999
|
3.50%, 10/25/2027(3)
|
3,481
|
|
|
263,334
|
3.50%, 05/25/2030(3)
|
14,593
|
|
|
63,877
|
3.50%, 08/25/2030(3)
|
2,829
|
|
|
35,411
|
3.50%, 02/25/2031(3)
|
436
|
|
|
258,136
|
3.50%, 09/25/2035(3)
|
23,668
|
|
|
1,467,352
|
3.50%, 11/25/2039(3)
|
128,658
|
|
|
|
40
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal National Mortgage Association - 14.2% - (continued)
|
||
|
$ 1,678,000
|
3.50%, 01/25/2042
|
$1,562,114
|
|
|
1,932,474
|
3.50%, 08/01/2043
|
1,796,203
|
|
|
575,826
|
3.50%, 10/01/2044
|
534,818
|
|
|
562,853
|
3.50%, 02/01/2045
|
520,962
|
|
|
523,961
|
3.50%, 01/01/2046
|
483,867
|
|
|
381,224
|
3.50%, 03/01/2046
|
352,599
|
|
|
925,708
|
3.50%, 09/01/2046
|
848,993
|
|
|
448,803
|
3.50%, 10/01/2046
|
411,853
|
|
|
323,414
|
3.50%, 10/25/2046(3)
|
63,416
|
|
|
473,010
|
3.50%, 11/01/2046
|
435,412
|
|
|
668,328
|
3.50%, 05/01/2047
|
615,725
|
|
|
1,490,867
|
3.50%, 09/01/2047
|
1,364,197
|
|
|
279,938
|
3.50%, 12/01/2047
|
257,976
|
|
|
957,507
|
3.50%, 01/01/2048
|
874,187
|
|
|
199,924
|
3.50%, 02/01/2048
|
183,122
|
|
|
1,033,737
|
3.50%, 07/01/2048
|
951,088
|
|
|
2,238,038
|
3.50%, 04/01/2052
|
2,039,688
|
|
|
3,744,377
|
3.50%, 09/01/2057
|
3,368,956
|
|
|
2,128,053
|
3.50%, 05/01/2058
|
1,914,686
|
|
|
2,162,723
|
3.50%, 12/25/2058
|
1,943,778
|
|
|
8,907
|
4.00%, 06/01/2025
|
8,874
|
|
|
13,937
|
4.00%, 10/01/2025
|
13,871
|
|
|
1,170,572
|
4.00%, 10/01/2040
|
1,126,160
|
|
|
483,658
|
4.00%, 11/01/2040
|
465,259
|
|
|
362,415
|
4.00%, 12/01/2040
|
348,597
|
|
|
170,519
|
4.00%, 02/01/2041
|
164,017
|
|
|
464,700
|
4.00%, 03/01/2041
|
446,978
|
|
|
1,132,592
|
4.00%, 06/01/2041
|
1,095,085
|
|
|
162,807
|
4.00%, 03/25/2042(3)
|
17,788
|
|
|
196,804
|
4.00%, 08/01/2042
|
188,970
|
|
|
476,094
|
4.00%, 09/01/2042
|
457,688
|
|
|
86,308
|
4.00%, 11/25/2042(3)
|
7,989
|
|
|
69,321
|
4.00%, 03/01/2045
|
65,731
|
|
|
381,733
|
4.00%, 07/01/2045
|
362,706
|
|
|
262,455
|
4.00%, 03/01/2046
|
250,033
|
|
|
104,619
|
4.00%, 05/01/2046
|
99,005
|
|
|
445,152
|
4.00%, 06/01/2046
|
421,238
|
|
|
409,397
|
4.00%, 04/01/2047
|
387,938
|
|
|
1,123,855
|
4.00%, 10/01/2047
|
1,061,915
|
|
|
2,626,462
|
4.00%, 06/01/2048
|
2,473,801
|
|
|
494,730
|
4.00%, 09/01/2048
|
466,049
|
|
|
335,995
|
4.00%, 01/01/2049
|
320,649
|
|
|
2,936,880
|
4.00%, 04/01/2049
|
2,752,943
|
|
|
113,353
|
4.00%, 08/01/2049
|
107,988
|
|
|
2,052,500
|
4.00%, 04/01/2050
|
1,933,448
|
|
|
2,085,463
|
4.00%, 11/25/2050(3)
|
436,520
|
|
|
332,334
|
4.00%, 08/01/2051
|
318,805
|
|
|
1,414,228
|
4.00%, 06/01/2052
|
1,325,832
|
|
|
2,477,609
|
4.39%, 04/01/2029
|
2,482,540
|
|
|
353
|
4.50%, 04/01/2025
|
352
|
|
|
2,297
|
4.50%, 07/25/2027(3)
|
15
|
|
|
286,664
|
4.50%, 09/01/2035
|
281,518
|
|
|
975,418
|
4.50%, 12/01/2037
|
971,428
|
|
|
940,577
|
4.50%, 08/01/2040
|
928,597
|
|
|
948,347
|
4.50%, 10/01/2040
|
936,264
|
|
|
483,570
|
4.50%, 10/01/2041
|
477,009
|
|
|
1,115,476
|
4.50%, 08/25/2043(3)
|
236,076
|
|
|
398,174
|
4.50%, 09/01/2043
|
393,141
|
|
|
524,213
|
4.50%, 04/01/2049
|
509,473
|
|
|
2,318,727
|
4.50%, 01/01/2051
|
2,221,546
|
|
|
1,617,782
|
4.50%, 03/01/2053
|
1,548,386
|
|
|
1,931,131
|
4.50%, 10/01/2053
|
1,848,605
|
|
|
380,000
|
4.75%, 04/01/2028
|
384,627
|
|
|
157
|
5.00%, 06/01/2025
|
156
|
|
|
110,967
|
5.00%, 04/25/2038
|
111,819
|
|
|
1,759,591
|
5.00%, 07/01/2052
|
1,731,055
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Federal National Mortgage Association - 14.2% - (continued)
|
||
|
$ 1,206,473
|
5.00%, 08/01/2052
|
$1,186,549
|
|
|
2,050,000
|
5.07%, 12/01/2028
|
2,102,497
|
|
|
63,582
|
5.50%, 06/01/2033
|
64,749
|
|
|
57,729
|
5.50%, 08/01/2033
|
58,776
|
|
|
345,006
|
5.50%, 09/01/2033
|
350,958
|
|
|
327,698
|
5.50%, 12/01/2033
|
333,436
|
|
|
228,465
|
5.50%, 01/01/2034
|
232,561
|
|
|
1,210,523
|
5.50%, 11/01/2035
|
1,236,955
|
|
|
340,975
|
5.50%, 04/01/2036
|
348,986
|
|
|
235,954
|
5.50%, 09/01/2036
|
239,776
|
|
|
203,949
|
5.50%, 04/25/2037
|
212,419
|
|
|
898,756
|
5.50%, 04/01/2038
|
913,724
|
|
|
957,987
|
5.50%, 11/25/2040(3)
|
116,647
|
|
|
778,736
|
5.50%, 06/25/2042(3)
|
158,157
|
|
|
968,902
|
5.50%, 08/25/2044(3)
|
155,287
|
|
|
1,995,755
|
5.50%, 11/01/2052
|
2,004,011
|
|
|
4,187,808
|
5.50%, 12/01/2052
|
4,196,642
|
|
|
2,159,053
|
5.50%, 06/01/2053
|
2,163,611
|
|
|
17,178,222
|
5.50%, 11/01/2053
|
17,160,146
|
|
|
2,231,539
|
5.50%, 08/01/2054
|
2,229,190
|
|
|
15,065
|
5.53%, 05/25/2042(3)(4)
|
1,057
|
|
|
109,136
|
6.00%, 12/01/2032
|
113,450
|
|
|
131,777
|
6.00%, 01/01/2033
|
133,978
|
|
|
18,267
|
6.00%, 02/01/2033
|
18,557
|
|
|
112,933
|
6.00%, 03/01/2033
|
116,490
|
|
|
317,867
|
6.00%, 02/01/2037
|
331,429
|
|
|
487,400
|
6.00%, 01/25/2042(3)
|
31,018
|
|
|
1,231,720
|
6.00%, 05/01/2053
|
1,267,871
|
|
|
12,601,293
|
6.00%, 02/01/2054
|
12,812,054
|
|
|
2,505,518
|
6.00%, 06/01/2054
|
2,545,256
|
|
|
1,360,465
|
6.00%, 09/01/2054
|
1,387,553
|
|
|
118
|
6.50%, 05/01/2031
|
121
|
|
|
408
|
6.50%, 09/01/2031
|
422
|
|
|
396
|
6.50%, 07/01/2032
|
408
|
|
|
324
|
7.00%, 07/01/2029
|
339
|
|
|
54
|
7.00%, 12/01/2030
|
56
|
|
|
51
|
7.00%, 03/01/2032
|
54
|
|
|
309
|
7.00%, 09/01/2032
|
323
|
|
|
246
|
7.50%, 06/01/2027
|
248
|
|
|
4,148
|
7.50%, 03/01/2030
|
4,237
|
|
|
4,652
|
7.50%, 04/01/2030
|
4,681
|
|
|
433
|
7.50%, 06/01/2030
|
444
|
|
|
813
|
7.50%, 07/01/2030
|
835
|
|
|
238
|
7.50%, 08/01/2030
|
243
|
|
|
1,352
|
7.50%, 05/01/2031
|
1,363
|
|
|
3,217
|
7.50%, 06/01/2031
|
3,220
|
|
|
266
|
7.50%, 08/01/2031
|
269
|
|
|
12,888
|
7.50%, 09/01/2031
|
12,902
|
|
|
28
|
7.50%, 05/01/2032
|
29
|
|
|
|
|
|
246,019,279
|
|
|
Government National Mortgage Association - 8.6%
|
||
|
2,257,521
|
2.00%, 10/20/2050
|
1,847,200
|
|
|
4,328,105
|
2.00%, 12/20/2050
|
3,541,439
|
|
|
3,454,974
|
2.00%, 04/20/2052
|
2,827,007
|
|
|
15,695,000
|
2.00%, 04/20/2055(14)
|
12,833,842
|
|
|
361,815
|
2.50%, 12/16/2039
|
340,523
|
|
|
735,688
|
2.50%, 07/20/2041
|
658,107
|
|
|
2,359,373
|
2.50%, 10/20/2049
|
2,085,852
|
|
|
1,779,109
|
2.50%, 11/20/2049
|
1,526,671
|
|
|
1,408,048
|
2.50%, 03/20/2051
|
1,201,568
|
|
|
2,003,979
|
2.50%, 09/20/2051
|
1,710,109
|
|
|
6,721,597
|
2.50%, 10/20/2051
|
5,735,922
|
|
|
8,540,000
|
2.50%, 04/20/2055(14)
|
7,283,271
|
|
|
84,472
|
3.00%, 09/20/2028(3)
|
1,734
|
|
|
1,594,183
|
3.00%, 05/20/2035(3)
|
75,025
|
|
|
239,462
|
3.00%, 02/16/2043(3)
|
32,249
|
|
|
|
41
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Government National Mortgage Association - 8.6% - (continued)
|
||
|
$ 1,193,515
|
3.00%, 03/15/2045
|
$1,065,907
|
|
|
63,401
|
3.00%, 04/15/2045
|
56,624
|
|
|
1,046,203
|
3.00%, 07/15/2045
|
934,354
|
|
|
21,353
|
3.00%, 08/15/2045
|
19,070
|
|
|
6,664,134
|
3.00%, 04/20/2051
|
5,909,313
|
|
|
2,023,518
|
3.00%, 08/20/2051
|
1,793,252
|
|
|
2,563,551
|
3.00%, 09/20/2051
|
2,271,833
|
|
|
6,537,466
|
3.00%, 12/20/2051
|
5,793,537
|
|
|
1,328,505
|
3.00%, 02/20/2052
|
1,214,561
|
|
|
3,268,227
|
3.00%, 07/20/2052
|
2,896,320
|
|
|
17,364
|
3.50%, 02/16/2027(3)
|
78
|
|
|
79,947
|
3.50%, 03/20/2027(3)
|
738
|
|
|
59,882
|
3.50%, 07/20/2040(3)
|
858
|
|
|
26,536
|
3.50%, 02/20/2041(3)
|
112
|
|
|
309,016
|
3.50%, 04/20/2042(3)
|
10,826
|
|
|
1,303,884
|
3.50%, 10/20/2042(3)
|
164,339
|
|
|
158,317
|
3.50%, 11/15/2042
|
148,986
|
|
|
4,135
|
3.50%, 12/15/2042
|
3,881
|
|
|
91,663
|
3.50%, 02/15/2043
|
85,975
|
|
|
4,460
|
3.50%, 03/15/2043
|
4,183
|
|
|
822,660
|
3.50%, 04/15/2043
|
771,562
|
|
|
1,814,098
|
3.50%, 05/15/2043
|
1,702,050
|
|
|
438,548
|
3.50%, 07/20/2043(3)
|
64,870
|
|
|
952,574
|
3.50%, 03/20/2044
|
887,714
|
|
|
1,232,187
|
3.50%, 06/20/2046
|
1,140,761
|
|
|
313,675
|
3.50%, 07/20/2046
|
291,385
|
|
|
328,762
|
3.50%, 10/20/2046
|
304,299
|
|
|
1,306,041
|
3.50%, 02/20/2047
|
1,208,655
|
|
|
384,057
|
3.50%, 08/20/2047
|
354,761
|
|
|
267,922
|
3.50%, 11/20/2047
|
247,693
|
|
|
326,859
|
3.50%, 03/20/2048
|
301,384
|
|
|
444,738
|
3.50%, 06/20/2049
|
408,412
|
|
|
1,006,465
|
3.50%, 07/20/2049
|
928,577
|
|
|
1,086,353
|
3.50%, 11/20/2049
|
996,314
|
|
|
321,671
|
3.50%, 06/20/2050
|
295,627
|
|
|
1,023,780
|
3.50%, 02/20/2051
|
939,215
|
|
|
769,361
|
3.88%, 08/15/2042
|
734,694
|
|
|
9,588
|
4.00%, 12/16/2026(3)
|
6
|
|
|
160,540
|
4.00%, 05/20/2029(3)
|
74
|
|
|
1,376,353
|
4.00%, 07/20/2040
|
1,321,420
|
|
|
1,528,174
|
4.00%, 09/20/2040
|
1,467,180
|
|
|
2,438,554
|
4.00%, 10/20/2040
|
2,339,296
|
|
|
619,218
|
4.00%, 12/20/2040
|
592,983
|
|
|
116,213
|
4.00%, 05/16/2042(3)
|
10,353
|
|
|
2,059,967
|
4.00%, 09/16/2042(3)
|
488,345
|
|
|
109,485
|
4.00%, 01/20/2044(3)
|
20,990
|
|
|
802,139
|
4.00%, 01/16/2046(3)
|
134,578
|
|
|
721,457
|
4.00%, 03/20/2047(3)
|
128,057
|
|
|
329,595
|
4.00%, 11/20/2047
|
309,465
|
|
|
929,693
|
4.00%, 03/20/2048
|
875,170
|
|
|
2,492,305
|
4.00%, 07/20/2048
|
2,352,670
|
|
|
1,290,000
|
4.00%, 04/20/2055(14)
|
1,207,499
|
|
|
41,184
|
4.50%, 11/15/2039
|
39,930
|
|
|
435,615
|
4.50%, 05/15/2040
|
427,328
|
|
|
1,545,727
|
4.50%, 05/20/2040
|
1,521,231
|
|
|
86,945
|
4.50%, 07/15/2041
|
84,425
|
|
|
1,422,143
|
4.50%, 08/20/2045(3)
|
287,102
|
|
|
134,656
|
4.50%, 01/20/2046
|
131,659
|
|
|
901,331
|
4.50%, 01/20/2047(3)
|
104,716
|
|
|
1,058,218
|
4.50%, 05/20/2048(3)
|
155,072
|
|
|
304,284
|
4.50%, 05/20/2052
|
293,774
|
|
|
887,341
|
4.50%, 08/20/2052
|
852,473
|
|
|
811,155
|
4.50%, 09/20/2052
|
779,112
|
|
|
3,670,208
|
4.50%, 10/20/2052
|
3,524,470
|
|
|
14,815,000
|
4.50%, 04/20/2055(14)
|
14,213,141
|
|
|
892,777
|
5.00%, 02/16/2040(3)
|
193,158
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Government National Mortgage Association - 8.6% - (continued)
|
||
|
$ 811,479
|
5.00%, 05/20/2040
|
$821,998
|
|
|
645,051
|
5.00%, 06/20/2040
|
653,795
|
|
|
252,594
|
5.00%, 07/20/2040
|
256,017
|
|
|
479,543
|
5.00%, 06/15/2041
|
486,361
|
|
|
465,991
|
5.00%, 10/16/2041(3)
|
78,896
|
|
|
677,281
|
5.00%, 03/15/2044
|
687,035
|
|
|
189,468
|
5.00%, 01/16/2047(3)
|
39,816
|
|
|
3,326,259
|
5.00%, 07/15/2052
|
3,276,091
|
|
|
3,287,500
|
5.00%, 04/20/2055(14)
|
3,233,394
|
|
|
179,802
|
5.50%, 03/15/2033
|
183,282
|
|
|
257,579
|
5.50%, 04/15/2033
|
263,049
|
|
|
207,746
|
5.50%, 05/15/2033
|
214,064
|
|
|
356,966
|
5.50%, 10/20/2034
|
366,614
|
|
|
598,907
|
5.50%, 03/20/2039(3)
|
56,748
|
|
|
587,090
|
5.50%, 02/16/2047(3)
|
85,069
|
|
|
381,051
|
5.50%, 02/20/2047(3)
|
58,324
|
|
|
21,015,000
|
5.50%, 04/20/2055(14)
|
21,058,189
|
|
|
324
|
6.00%, 01/15/2029
|
331
|
|
|
246
|
6.00%, 04/15/2029
|
250
|
|
|
11,453
|
6.00%, 12/15/2031
|
11,797
|
|
|
267
|
6.00%, 10/15/2032
|
281
|
|
|
8,132
|
6.00%, 06/15/2033
|
8,318
|
|
|
169
|
6.00%, 03/15/2034
|
172
|
|
|
13,656
|
6.00%, 08/15/2034
|
14,277
|
|
|
23,714
|
6.00%, 09/15/2034
|
24,585
|
|
|
15,599
|
6.00%, 02/15/2035
|
16,387
|
|
|
28,541
|
6.00%, 03/15/2036
|
29,888
|
|
|
29,186
|
6.00%, 05/15/2036
|
30,172
|
|
|
70,453
|
6.00%, 06/15/2036
|
73,427
|
|
|
7,900
|
6.00%, 06/15/2037
|
8,161
|
|
|
17,768
|
6.00%, 08/15/2037
|
18,524
|
|
|
29,506
|
6.00%, 08/15/2039
|
30,720
|
|
|
597,618
|
6.00%, 09/20/2040(3)
|
93,041
|
|
|
46,654
|
6.00%, 06/15/2041
|
48,840
|
|
|
596,573
|
6.00%, 02/20/2046(3)
|
60,654
|
|
|
6,563,549
|
6.00%, 10/20/2054
|
6,663,698
|
|
|
7,356
|
6.50%, 06/15/2028
|
7,596
|
|
|
385
|
6.50%, 08/15/2028
|
390
|
|
|
509
|
6.50%, 09/15/2028
|
514
|
|
|
430
|
6.50%, 11/15/2028
|
434
|
|
|
2,254
|
6.50%, 12/15/2028
|
2,272
|
|
|
4,463
|
6.50%, 02/15/2029
|
4,526
|
|
|
33,444
|
6.50%, 03/15/2029
|
34,514
|
|
|
9,746
|
6.50%, 04/15/2029
|
10,042
|
|
|
3,283
|
6.50%, 05/15/2029
|
3,395
|
|
|
59,079
|
6.50%, 06/15/2029
|
60,483
|
|
|
1,827
|
6.50%, 07/15/2029
|
1,846
|
|
|
36
|
6.50%, 03/15/2031
|
36
|
|
|
61,275
|
6.50%, 04/15/2031
|
63,012
|
|
|
16,042
|
6.50%, 05/15/2031
|
16,498
|
|
|
1,249
|
6.50%, 06/15/2031
|
1,286
|
|
|
61,282
|
6.50%, 07/15/2031
|
62,787
|
|
|
11,612
|
6.50%, 08/15/2031
|
11,847
|
|
|
20,069
|
6.50%, 09/15/2031
|
20,645
|
|
|
34,284
|
6.50%, 10/15/2031
|
34,886
|
|
|
124,410
|
6.50%, 11/15/2031
|
127,810
|
|
|
19,882
|
6.50%, 12/15/2031
|
20,131
|
|
|
48,066
|
6.50%, 01/15/2032
|
49,468
|
|
|
12,938
|
6.50%, 02/15/2032
|
13,318
|
|
|
21,517
|
6.50%, 03/15/2032
|
22,302
|
|
|
78,933
|
6.50%, 04/15/2032
|
81,307
|
|
|
188
|
6.50%, 05/15/2032
|
191
|
|
|
11,179
|
6.50%, 06/15/2032
|
11,348
|
|
|
152
|
7.00%, 02/15/2031
|
153
|
|
|
|
42
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 40.0% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 40.0% - (continued)
|
||
|
|
Government National Mortgage Association - 8.6% - (continued)
|
||
|
$ 65
|
7.00%, 06/15/2031
|
$66
|
|
|
32
|
7.00%, 08/15/2031
|
33
|
|
|
|
|
|
149,124,317
|
|
|
Uniform Mortgage-Backed Security - 8.9%
|
||
|
2,205,000
|
2.00%, 04/01/2055(14)
|
1,752,044
|
|
|
1,440,000
|
3.00%, 04/01/2055(14)
|
1,247,851
|
|
|
9,660,000
|
3.50%, 04/01/2055(14)
|
8,711,404
|
|
|
2,393,000
|
4.00%, 04/01/2055(14)
|
2,229,587
|
|
|
5,895,000
|
4.50%, 04/01/2055(14)
|
5,638,375
|
|
|
17,445,000
|
5.00%, 04/01/2055(14)
|
17,096,981
|
|
|
46,559,000
|
5.50%, 04/01/2055(14)
|
46,497,109
|
|
|
65,610,000
|
6.00%, 04/01/2055(14)
|
66,636,270
|
|
|
4,095,000
|
7.00%, 04/01/2055(14)
|
4,279,961
|
|
|
|
|
|
154,089,582
|
|
|
Total U.S. Government Agencies
(cost $724,735,028)
|
|
$694,123,489
|
|
U.S. GOVERNMENT SECURITIES - 24.6%
|
|||
|
|
U.S. Treasury Securities - 24.6%
|
||
|
|
U.S. Treasury Bonds - 11.3%
|
||
|
24,645,000
|
1.25%, 05/15/2050
|
$12,236,820
|
|
|
5,115,000
|
1.88%, 11/15/2051
|
2,942,124
|
|
|
7,090,000
|
2.25%, 08/15/2046
|
4,768,579
|
|
|
15,065,000
|
2.25%, 02/15/2052
|
9,503,897
|
|
|
7,860,000
|
2.38%, 11/15/2049
|
5,199,574
|
|
|
90,455,000
|
2.88%, 08/15/2045(15)
|
69,279,343
|
|
|
6,175,000
|
3.00%, 02/15/2047
|
4,756,197
|
|
|
22,615,000
|
3.38%, 05/15/2044(16)
|
19,023,986
|
|
|
35,500,000
|
3.38%, 11/15/2048(17)
|
28,814,629
|
|
|
3,565,000
|
3.63%, 08/15/2043
|
3,133,858
|
|
|
12,035,000
|
3.63%, 05/15/2053
|
10,137,607
|
|
|
28,222,000
|
4.25%, 08/15/2054
|
26,638,922
|
|
|
|
|
|
196,435,536
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 2.4%
|
||
|
11,037,942
|
0.25%, 02/15/2050(18)
|
6,734,431
|
|
|
3,626,227
|
0.63%, 02/15/2043(18)
|
2,787,739
|
|
|
17,239,316
|
0.75%, 02/15/2042(18)
|
13,845,830
|
|
|
8,699,373
|
0.75%, 02/15/2045(18)
|
6,598,614
|
|
|
3,176,795
|
1.00%, 02/15/2046(18)
|
2,504,852
|
|
|
10,908,894
|
1.38%, 02/15/2044(18)
|
9,494,126
|
|
|
|
|
|
41,965,592
|
|
|
U.S. Treasury Inflation-Indexed Notes - 1.6%
|
||
|
2,928,128
|
1.38%, 07/15/2033(18)
|
2,856,079
|
|
|
23,893,444
|
1.75%, 01/15/2034(18)
|
23,852,107
|
|
|
|
|
|
26,708,186
|
|
|
U.S. Treasury Notes - 9.3%
|
||
|
21,815,000
|
0.63%, 05/15/2030
|
18,456,683
|
|
|
65,790,000
|
2.25%, 11/15/2027
|
63,112,142
|
|
|
27,700,000
|
3.75%, 06/30/2030
|
27,392,703
|
|
|
14,670,000
|
4.13%, 11/30/2031
|
14,716,417
|
|
|
24,280,000
|
4.25%, 11/15/2034
|
24,352,081
|
|
|
13,160,000
|
4.38%, 05/15/2034
|
13,337,866
|
|
|
|
|
|
161,367,892
|
|
|
Total U.S. Government Securities
(cost $498,533,027)
|
|
$426,477,206
|
|
COMMON STOCKS - 0.0%
|
|||
|
|
Energy - 0.0%
|
||
|
30,559
|
PES Energy Liquidating Trust*(19)(20)
|
$—
|
|
|
|
Total Common Stocks
(cost $265,121)
|
|
$—
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
PREFERRED STOCKS - 0.1%
|
|||
|
|
Banks - 0.1%
|
||
|
2,242
|
U.S. Bancorp Series A, 5.58%(21)
|
$1,930,362
|
|
|
|
Total Preferred Stocks
(cost $1,591,820)
|
|
$1,930,362
|
|
|
Total Long-Term Investments
(cost $2,021,777,107)
|
|
$1,888,817,768
|
|
SHORT-TERM INVESTMENTS - 0.5%
|
|||
|
|
Repurchase Agreements - 0.5%
|
||
|
$ 8,199,406
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%,
due on 04/01/2025 with a maturity value
of $8,200,404; collateralized by
U.S. Treasury Note at 4.25%, maturing
03/15/2027, with a market value of
$8,363,538
|
$8,199,406
|
|
|
|
Total Short-Term Investments
(cost $8,199,406)
|
$8,199,406
|
|
|
|
Total Investments
(cost $2,029,976,513)
|
109.4
%
|
$1,897,017,174
|
|
|
Other Assets and Liabilities
|
(9.4
)%
|
(163,029,473
)
|
|
|
Net Assets
|
100.0
%
|
$1,733,987,701
|
|
*
|
Non-income producing.
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At March 31, 2025, the aggregate value of these securities was
$442,359,600, representing 25.5% of net assets.
|
|
(2)
|
Variable rate securities; the rate reported is the coupon rate in effect at March
31,
2025. Base lending rates may be subject to a floor or cap.
|
|
(3)
|
Securities disclosed are interest-only strips.
|
|
(4)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
(5)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
|
43
|
|
|
(6)
|
Security is exempt from registration under Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside of the
United States. Security may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act of 1933. At March 31, 2025, the aggregate
value of these securities was $20,780,578, representing 1.2% of net assets.
|
|
(7)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
March 31, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
|
(8)
|
This security, or a portion of this security, was purchased on a when-issued,
delayed-delivery or delayed-draw basis. The cost of these securities was
$1,493,631 at March 31, 2025.
|
|
(9)
|
Senior floating rate interests generally pay interest rates which are periodically
adjusted by reference to a base short-term, floating lending rate plus a premium.
The base lending rates are primarily the Secured Overnight Financing Rate
("SOFR") and secondarily, the prime rate offered by one or more major
United States banks (the "Prime Rate"). Senior floating rate interests often require
prepayments from excess cash flows or permit the borrower to repay at its
election. The rate at which the borrower repays cannot be predicted with accuracy.
As a result, the actual remaining maturity may be substantially less than the stated
maturities shown. Base lending rates may be subject to a floor or cap. Unless
otherwise noted, the interest rate disclosed for these securities represents the rate
in effect as of March 31, 2025.
|
|
(10)
|
Non-income producing. For long-term debt securities, items identified are in default
as to payment of interest and/or principal.
|
|
(11)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
|
(12)
|
Securities disclosed are principal-only strips.
|
|
(13)
|
Security is a zero-coupon bond.
|
|
(14)
|
Represents or includes a TBA transaction.
|
|
(15)
|
All, or a portion of the security, was pledged as collateral in connection with OTC
swap contracts. As of March 31, 2025, the market value of securities pledged was
$284,148.
|
|
(16)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of March 31, 2025, the market value of
securities pledged was $7,066,172.
|
|
(17)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of March 31, 2025, the market value of securities pledged
was $6,493,438.
|
|
(18)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(19)
|
Investment in securities not registered under the Securities Act of 1933 (excluding
securities acquired pursuant to Rule 144A and Regulation S). At the end of the
period, the value of such restricted securities amounted to $0 or 0.0% of net
assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
12/2021
|
PES Energy Liquidating
Trust
|
30,559
|
$265,121
|
$—
|
|
(20)
|
Investment valued using significant unobservable inputs.
|
|
(21)
|
Perpetual security with no stated maturity date.
|
|
Futures Contracts Outstanding at March 31, 2025
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Australian 10-Year Bond Future
|
956
|
06/16/2025
|
$67,297,978
|
$356,682
|
|
U.S. Treasury 10-Year Note Future
|
228
|
06/18/2025
|
25,357,875
|
130,551
|
|
U.S. Treasury 10-Year Ultra Future
|
158
|
06/18/2025
|
18,031,750
|
227,212
|
|
U.S. Treasury Long Bond Future
|
172
|
02/18/2025
|
20,172,375
|
(270,756
)
|
|
Total
|
|
|
|
$443,689
|
|
Short position contracts:
|
||||
|
Canadian 10-Year Bond Future
|
(564)
|
06/19/2025
|
$(48,657,517
)
|
$(366,104
)
|
|
Euro BUXL 30-Year Bond Future
|
(72)
|
06/06/2025
|
(9,284,818
)
|
291,501
|
|
Euro-BUND Future
|
(231)
|
06/06/2025
|
(32,179,186
)
|
45,100
|
|
French Government Bond Future
|
(80)
|
06/06/2025
|
(10,613,173
)
|
(30,536
)
|
|
U.S. Treasury 2-Year Note Future
|
(494)
|
06/30/2025
|
(102,342,907
)
|
(486,082
)
|
|
U.S. Treasury 5-Year Note Future
|
(469)
|
06/30/2025
|
(50,725,281
)
|
(523,220
)
|
|
U.S. Treasury Ultra Bond Future
|
(71)
|
06/18/2025
|
(8,679,750
)
|
(16,143
)
|
|
Total
|
|
|
|
$(1,085,484
)
|
|
Total futures contracts
|
$(641,795
)
|
|||
|
TBA Sale Commitments Outstanding at March 31, 2025
|
||||
|
Description
|
Principal
Amount
|
Maturity
Date
|
Market
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
Government National Mortgage Association, 3.00%
|
$6,479,000
|
04/20/2055
|
$(5,737,969
)
|
$(42,684
)
|
|
Government National Mortgage Association, 4.00%
|
1,290,000
|
04/20/2055
|
(1,207,499
)
|
(5,078
)
|
|
Government National Mortgage Association, 6.00%
|
10,805,000
|
04/20/2055
|
(10,965,899
)
|
(27,786
)
|
|
|
44
|
|
|
TBA Sale Commitments Outstanding at March 31, 2025 – (continued)
|
||||
|
Description
|
Principal
Amount
|
Maturity
Date
|
Market
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
Uniform Mortgage-Backed Security, 2.00%
|
$2,420,000
|
04/01/2055
|
$(1,922,878
)
|
$11,981
|
|
Uniform Mortgage-Backed Security, 2.50%
|
9,245,000
|
04/01/2055
|
(7,686,624
)
|
1,537
|
|
Uniform Mortgage-Backed Security, 3.00%
|
9,985,000
|
04/01/2055
|
(8,652,633
)
|
16,263
|
|
Uniform Mortgage-Backed Security, 3.00%
|
1,925,000
|
04/01/2040
|
(1,820,808
)
|
(11,383
)
|
|
Uniform Mortgage-Backed Security, 3.50%
|
21,598,000
|
04/01/2055
|
(19,477,111
)
|
17,861
|
|
Uniform Mortgage-Backed Security, 3.50%
|
11,930,000
|
03/01/2052
|
(10,751,503
)
|
(38,881
)
|
|
Uniform Mortgage-Backed Security, 4.00%
|
23,572,000
|
04/01/2055
|
(21,962,321
)
|
11,315
|
|
Uniform Mortgage-Backed Security, 4.50%
|
8,650,000
|
04/01/2055
|
(8,273,443
)
|
(6,744
)
|
|
Uniform Mortgage-Backed Security, 4.50%
|
3,936,000
|
04/01/2040
|
(3,902,782
)
|
(14,752
)
|
|
Uniform Mortgage-Backed Security, 6.50%
|
1,275,000
|
04/01/2055
|
(1,314,677
)
|
(3,569
)
|
|
Total TBA sale commitments (proceeds receivable $103,584,227)
|
$(103,676,147
)
|
$(91,920
)
|
||
|
At March 31, 2025, the aggregate market value of TBA Sale Commitments represents (6.0)%
of total net assets.
|
||||
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at March 31, 2025
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
3.70% Fixed
|
12 Mo. USD SOFR
|
USD
|
12,100,000
|
05/31/2029
|
Annual
|
$—
|
$—
|
$(12,093
)
|
$(12,093
)
|
|
3.83% Fixed
|
12 Mo. USD SOFR
|
USD
|
6,000,000
|
02/15/2034
|
Annual
|
—
|
—
|
(21,666
)
|
(21,666
)
|
|
4.16% Fixed
|
12 Mo. USD SOFR
|
USD
|
31,330,000
|
03/19/2045
|
Annual
|
—
|
(60,451
)
|
(991,147
)
|
(930,696
)
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
12,140,000
|
03/15/2053
|
Annual
|
36,496
|
—
|
1,832,699
|
1,796,203
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
3,745,000
|
03/15/2053
|
Annual
|
40,599
|
—
|
622,883
|
582,284
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
6,235,000
|
06/21/2053
|
Annual
|
—
|
(63,879
)
|
716,372
|
780,251
|
|
3.59% Fixed
|
12 Mo. USD SOFR
|
USD
|
9,465,000
|
09/20/2053
|
Annual
|
38,597
|
—
|
466,684
|
428,087
|
|
Total centrally cleared interest rate swaps contracts
|
$115,692
|
$(124,330
)
|
$2,613,732
|
$2,622,370
|
|||||
|
Foreign Currency Contracts Outstanding at March 31, 2025
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
806,000
|
EUR
|
875,382
|
USD
|
SSG
|
06/18/2025
|
$14
|
|
795,000
|
EUR
|
871,038
|
USD
|
MSC
|
06/18/2025
|
(7,589
)
|
|
5,832,466
|
USD
|
34,737,000
|
BRL
|
GSC
|
06/18/2025
|
(153,958
)
|
|
26,092,688
|
USD
|
23,825,000
|
EUR
|
DEUT
|
06/18/2025
|
216,386
|
|
Total foreign currency contracts
|
$54,853
|
|||||
|
|
45
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$293,156,485
|
$—
|
$293,156,485
|
$—
|
|
Corporate Bonds
|
402,815,374
|
—
|
402,815,374
|
—
|
|
Foreign Government Obligations
|
50,063,037
|
—
|
50,063,037
|
—
|
|
Municipal Bonds
|
20,247,933
|
—
|
20,247,933
|
—
|
|
Senior Floating Rate Interests
|
3,882
|
—
|
3,882
|
—
|
|
U.S. Government Agencies
|
694,123,489
|
—
|
694,123,489
|
—
|
|
U.S. Government Securities
|
426,477,206
|
—
|
426,477,206
|
—
|
|
Common Stocks
|
—
|
—
|
—
|
—
|
|
Preferred Stocks
|
1,930,362
|
1,930,362
|
—
|
—
|
|
Short-Term Investments
|
8,199,406
|
—
|
8,199,406
|
—
|
|
Foreign Currency Contracts(2)
|
216,400
|
—
|
216,400
|
—
|
|
Futures Contracts(2)
|
1,051,046
|
1,051,046
|
—
|
—
|
|
Swaps - Interest Rate(2)
|
3,586,825
|
—
|
3,586,825
|
—
|
|
Total
|
$1,901,871,445
|
$2,981,408
|
$1,898,890,037
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(161,547
)
|
$—
|
$(161,547
)
|
$—
|
|
Futures Contracts(2)
|
(1,692,841
)
|
(1,692,841
)
|
—
|
—
|
|
Swaps - Interest Rate(2)
|
(964,455
)
|
—
|
(964,455
)
|
—
|
|
TBA Sale Commitments
|
(103,676,147
)
|
—
|
(103,676,147
)
|
—
|
|
Total
|
$(106,494,990
)
|
$(1,692,841
)
|
$(104,802,149
)
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
46
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 30.6%
|
|||
|
|
Asset-Backed - Automobile - 18.4%
|
||
|
$ 67,673
|
Ally Auto Receivables Trust 5.76%, 11/15/2026
|
$67,695
|
|
|
711,007
|
American Credit Acceptance Receivables Trust
5.90%, 02/12/2027(1)
|
712,290
|
|
|
540,000
|
American Heritage Auto Receivables Trust 4.83%,
03/15/2028(1)
|
540,638
|
|
|
|
AmeriCredit Automobile Receivables Trust
|
|
|
|
1,603,759
|
1.01%, 01/19/2027
|
1,580,848
|
|
|
120,411
|
2.45%, 11/18/2026
|
120,247
|
|
|
714,641
|
4.38%, 04/18/2028
|
714,120
|
|
|
1,554,825
|
5.75%, 02/18/2028
|
1,559,785
|
|
|
|
ARI Fleet Lease Trust
|
|
|
|
580,000
|
4.38%, 01/17/2034(1)
|
578,808
|
|
|
301,562
|
5.30%, 11/15/2032(1)
|
302,907
|
|
|
436,551
|
5.41%, 02/17/2032(1)
|
437,506
|
|
|
306,582
|
6.05%, 07/15/2032(1)
|
309,349
|
|
|
2,359,846
|
BMW Vehicle Owner Trust 5.47%, 02/25/2028
|
2,375,405
|
|
|
304,465
|
Bridgecrest Lending Auto Securitization Trust
5.78%, 02/16/2027
|
304,753
|
|
|
|
Capital One Prime Auto Receivables Trust
|
|
|
|
613,697
|
3.17%, 04/15/2027
|
609,891
|
|
|
340,000
|
4.61%, 10/15/2027
|
340,215
|
|
|
2,112,233
|
4.87%, 02/15/2028
|
2,118,065
|
|
|
|
CarMax Auto Owner Trust
|
|
|
|
1,090
|
4.73%, 09/15/2025
|
1,090
|
|
|
610,259
|
4.75%, 10/15/2027
|
611,789
|
|
|
1,486,125
|
5.65%, 05/17/2027
|
1,490,967
|
|
|
180,431
|
5.72%, 11/16/2026
|
180,638
|
|
|
|
Carvana Auto Receivables Trust
|
|
|
|
133,001
|
0.70%, 01/10/2028
|
129,864
|
|
|
1,835,802
|
4.64%, 03/10/2026(1)
|
1,835,765
|
|
|
387,759
|
5.50%, 08/10/2027(1)
|
388,546
|
|
|
390,331
|
5.76%, 04/12/2027(1)
|
390,885
|
|
|
138,203
|
5.77%, 04/12/2027(1)
|
138,402
|
|
|
8,162
|
6.09%, 11/10/2026(1)
|
8,164
|
|
|
97,310
|
6.23%, 01/11/2027(1)
|
97,334
|
|
|
201,594
|
6.41%, 09/10/2027(1)
|
202,305
|
|
|
|
Chase Auto Owner Trust
|
|
|
|
479,337
|
5.48%, 04/26/2027(1)
|
480,511
|
|
|
640,375
|
5.66%, 05/26/2027(1)
|
642,369
|
|
|
883,792
|
Chesapeake Funding II LLC 5.65%, 05/15/2035(1)
|
889,544
|
|
|
|
Citizens Auto Receivables Trust
|
|
|
|
545,597
|
5.43%, 10/15/2026(1)
|
546,463
|
|
|
800,908
|
5.54%, 11/16/2026(1)
|
802,765
|
|
|
1,825,000
|
5.83%, 02/15/2028(1)
|
1,844,593
|
|
|
275,758
|
6.09%, 10/15/2026(1)
|
276,144
|
|
|
|
CPS Auto Receivables Trust
|
|
|
|
164,708
|
5.71%, 09/15/2027(1)
|
164,988
|
|
|
1,244,697
|
5.78%, 01/18/2028(1)
|
1,247,844
|
|
|
151,007
|
5.91%, 08/16/2027(1)
|
151,170
|
|
|
116,490
|
6.40%, 06/15/2027(1)
|
116,633
|
|
|
194,300
|
DT Auto Owner Trust 6.29%, 08/16/2027(1)
|
194,685
|
|
|
|
Enterprise Fleet Financing LLC
|
|
|
|
133,755
|
4.38%, 07/20/2029(1)
|
133,503
|
|
|
447,724
|
4.72%, 10/21/2025(1)
|
447,900
|
|
|
973,431
|
5.23%, 03/20/2030(1)
|
979,663
|
|
|
388,346
|
5.51%, 01/22/2029(1)
|
389,744
|
|
|
807,966
|
5.56%, 04/22/2030(1)
|
813,369
|
|
|
1,282,802
|
5.74%, 12/20/2026(1)
|
1,290,166
|
|
|
611,483
|
5.76%, 10/22/2029(1)
|
614,610
|
|
|
2,388,077
|
6.40%, 03/20/2030(1)
|
2,425,945
|
|
|
927,224
|
Exeter Automobile Receivables Trust 5.82%,
02/15/2027
|
928,508
|
|
|
27,925
|
FHF Trust 0.83%, 12/15/2026(1)
|
27,840
|
|
|
230,787
|
Fifth Third Auto Trust 5.80%, 11/16/2026
|
230,958
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 30.6% - (continued)
|
|||
|
|
Asset-Backed - Automobile - 18.4% - (continued)
|
||
|
|
Flagship Credit Auto Trust
|
|
|
|
$ 111,958
|
5.76%, 04/15/2027(1)
|
$112,007
|
|
|
287,823
|
5.89%, 07/15/2027(1)
|
288,363
|
|
|
|
Ford Credit Auto Lease Trust
|
|
|
|
2,100,000
|
5.06%, 05/15/2027
|
2,107,030
|
|
|
465,165
|
5.24%, 07/15/2026
|
465,588
|
|
|
|
Ford Credit Auto Owner Trust
|
|
|
|
2,450,000
|
3.93%, 08/15/2027
|
2,439,982
|
|
|
2,495,000
|
4.47%, 12/15/2027
|
2,496,699
|
|
|
615,000
|
4.59%, 10/15/2027
|
615,495
|
|
|
2,500,000
|
4.85%, 08/15/2035(1)
|
2,527,486
|
|
|
171,547
|
5.57%, 06/15/2026
|
171,654
|
|
|
596,394
|
Foursight Capital Automobile Receivables Trust
5.99%, 05/15/2028(1)
|
599,982
|
|
|
|
GLS Auto Receivables Issuer Trust
|
|
|
|
444,844
|
5.57%, 02/16/2027(1)
|
445,132
|
|
|
870,483
|
5.77%, 06/15/2027(1)
|
872,905
|
|
|
616,133
|
GLS Auto Select Receivables Trust 6.37%,
06/15/2028(1)
|
622,240
|
|
|
|
GM Financial Automobile Leasing Trust
|
|
|
|
92,424
|
4.75%, 10/20/2025
|
92,440
|
|
|
117,244
|
5.16%, 04/20/2026
|
117,278
|
|
|
1,766,292
|
5.38%, 11/20/2026
|
1,770,706
|
|
|
|
GM Financial Consumer Automobile Receivables
Trust
|
|
|
|
171,342
|
5.12%, 02/16/2027
|
171,535
|
|
|
677,427
|
5.33%, 03/16/2027
|
679,049
|
|
|
194,541
|
5.74%, 09/16/2026
|
194,655
|
|
|
590,816
|
5.89%, 11/16/2026
|
591,900
|
|
|
2,640,000
|
GMF Floorplan Owner Revolving Trust 4.59%,
03/15/2029(1)
|
2,639,951
|
|
|
|
Honda Auto Receivables Owner Trust
|
|
|
|
300,000
|
3.76%, 12/18/2028
|
298,269
|
|
|
60,385
|
5.41%, 04/15/2026
|
60,409
|
|
|
633,450
|
5.87%, 06/22/2026
|
634,714
|
|
|
617,811
|
Huntington Auto Trust 5.50%, 03/15/2027(1)
|
619,046
|
|
|
|
Hyundai Auto Lease Securitization Trust
|
|
|
|
1,364,699
|
4.77%, 03/15/2027(1)
|
1,366,742
|
|
|
1,925,000
|
4.83%, 01/18/2028(1)
|
1,937,584
|
|
|
1,500,000
|
5.02%, 03/15/2027(1)
|
1,505,447
|
|
|
910,753
|
5.15%, 06/15/2026(1)
|
911,948
|
|
|
367,659
|
5.85%, 03/16/2026(1)
|
367,966
|
|
|
|
Hyundai Auto Receivables Trust
|
|
|
|
2,350,000
|
1.09%, 05/17/2027
|
2,336,886
|
|
|
735,000
|
2.35%, 04/17/2028
|
724,106
|
|
|
1,625,000
|
4.32%, 10/15/2029
|
1,623,076
|
|
|
125,075
|
5.77%, 05/15/2026
|
125,125
|
|
|
154,693
|
LAD Auto Receivables Trust 5.44%, 11/16/2026(1)
|
154,764
|
|
|
495,000
|
M&T Bank Auto Receivables Trust 4.63%,
05/15/2028(1)
|
495,434
|
|
|
|
Mercedes-Benz Auto Lease Trust
|
|
|
|
725,000
|
4.23%, 02/15/2028
|
723,752
|
|
|
819,621
|
4.74%, 01/15/2027
|
820,023
|
|
|
692,519
|
Mercedes-Benz Auto Receivables Trust 4.51%,
11/15/2027
|
692,343
|
|
|
1,538,560
|
Nissan Auto Lease Trust 5.11%, 10/15/2026
|
1,541,193
|
|
|
1,319,782
|
Nissan Auto Receivables Owner Trust 4.70%,
10/15/2025
|
1,320,122
|
|
|
1,104,571
|
Porsche Financial Auto Securitization Trust
5.79%, 01/22/2029(1)
|
1,112,371
|
|
|
|
Santander Drive Auto Receivables Trust
|
|
|
|
74,436
|
5.71%, 02/16/2027
|
74,467
|
|
|
647,599
|
5.80%, 09/15/2027
|
648,715
|
|
|
60,755
|
6.08%, 05/17/2027
|
60,824
|
|
|
|
47
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 30.6% - (continued)
|
|||
|
|
Asset-Backed - Automobile - 18.4% - (continued)
|
||
|
|
SBNA Auto Lease Trust
|
|
|
|
$ 660,000
|
4.68%, 04/20/2027(1)
|
$660,177
|
|
|
283,116
|
4.94%, 11/20/2026(1)
|
283,404
|
|
|
1,150,000
|
5.39%, 11/20/2026(1)
|
1,153,095
|
|
|
129,561
|
6.27%, 04/20/2026(1)
|
129,666
|
|
|
|
SFS Auto Receivables Securitization Trust
|
|
|
|
605,000
|
4.65%, 05/22/2028(1)
|
605,350
|
|
|
241,210
|
5.35%, 06/21/2027(1)
|
241,514
|
|
|
65,823
|
5.89%, 03/22/2027(1)
|
65,881
|
|
|
352,590
|
Tesla Auto Lease Trust 5.37%, 06/22/2026(1)
|
353,112
|
|
|
885,745
|
Tesla Electric Vehicle Trust 5.54%, 12/21/2026(1)
|
887,846
|
|
|
|
Toyota Auto Receivables Owner Trust
|
|
|
|
18,139
|
5.28%, 05/15/2026
|
18,142
|
|
|
2,736,650
|
5.41%, 03/15/2027
|
2,743,262
|
|
|
879,757
|
5.60%, 08/17/2026
|
880,586
|
|
|
|
Toyota Lease Owner Trust
|
|
|
|
1,625,000
|
4.21%, 09/20/2027(1)
|
1,618,659
|
|
|
471,200
|
4.31%, 02/22/2027(1)
|
470,499
|
|
|
1,750,000
|
USAA Auto Owner Trust 4.97%, 12/17/2029(1)
|
1,772,233
|
|
|
|
Volkswagen Auto Loan Enhanced Trust
|
|
|
|
1,335,000
|
4.65%, 11/22/2027
|
1,336,821
|
|
|
102,619
|
5.50%, 12/21/2026
|
102,725
|
|
|
|
Westlake Automobile Receivables Trust
|
|
|
|
10,824
|
1.23%, 04/15/2026(1)
|
10,808
|
|
|
221,849
|
5.62%, 03/15/2027(1)
|
222,231
|
|
|
1,442,038
|
5.80%, 02/16/2027(1)
|
1,444,319
|
|
|
356,851
|
5.89%, 02/16/2027(1)
|
358,194
|
|
|
103,590
|
5.96%, 10/15/2026(1)
|
103,664
|
|
|
270,000
|
Westlake Flooring Master Trust 5.43%,
02/15/2028(1)
|
271,858
|
|
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
1,915,000
|
4.57%, 01/18/2040(1)
|
1,913,508
|
|
|
1,313,934
|
5.80%, 04/18/2038(1)
|
1,324,570
|
|
|
718,798
|
6.46%, 08/18/2038(1)
|
728,977
|
|
|
2,700,000
|
World Omni Auto Receivables Trust 1.90%,
03/15/2028
|
2,638,664
|
|
|
660,000
|
World Omni Automobile Lease Securitization
Trust 4.42%, 04/17/2028
|
659,737
|
|
|
61,777
|
World Omni Select Auto Trust 5.92%, 03/15/2027
|
61,800
|
|
|
|
|
|
97,026,891
|
|
|
Commercial Mortgage-Backed Securities - 0.5%
|
||
|
2,500,000
|
FREMF Mortgage Trust 3.72%, 10/25/2048(1)(2)
|
2,486,080
|
|
|
|
Other Asset-Backed Securities - 8.9%
|
||
|
32,451
|
Affirm Asset Securitization Trust 4.55%,
06/15/2027(1)
|
32,432
|
|
|
222,412
|
Amur Equipment Finance Receivables XI LLC
5.30%, 06/21/2028(1)
|
222,906
|
|
|
798,613
|
Amur Equipment Finance Receivables XIII LLC
5.38%, 01/21/2031(1)
|
805,541
|
|
|
2,735,000
|
Apidos CLO XXXII Ltd. 5.39%, 01/20/2033, 3 mo.
USD Term SOFR + 1.10%(1)(3)
|
2,728,447
|
|
|
416,261
|
Auxilior Term Funding LLC 6.18%, 12/15/2028(1)
|
420,007
|
|
|
2,610,000
|
Bain Capital Credit CLO Ltd. 5.50%, 10/23/2034,
3 mo. USD Term SOFR + 1.21%(1)(3)
|
2,603,958
|
|
|
891,763
|
Carlyle U.S. CLO Ltd. 5.45%, 10/15/2031, 3 mo.
USD Term SOFR + 1.15%(1)(3)
|
891,815
|
|
|
|
CCG Receivables Trust
|
|
|
|
491,920
|
3.91%, 07/16/2029(1)
|
490,719
|
|
|
415,000
|
4.48%, 10/14/2032(1)
|
415,335
|
|
|
641,809
|
5.82%, 09/16/2030(1)
|
645,198
|
|
|
|
CNH Equipment Trust
|
|
|
|
2,200,000
|
4.30%, 02/18/2028
|
2,195,974
|
|
|
1,660,000
|
4.30%, 08/15/2028
|
1,659,503
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 30.6% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 8.9% - (continued)
|
||
|
$ 416,844
|
5.19%, 07/15/2027
|
$417,316
|
|
|
415,746
|
5.42%, 10/15/2027
|
417,262
|
|
|
484,603
|
Daimler Trucks Retail Trust 5.60%, 04/15/2026
|
485,325
|
|
|
|
Dell Equipment Finance Trust
|
|
|
|
522,092
|
5.58%, 03/22/2030(1)
|
523,676
|
|
|
87,514
|
6.10%, 04/23/2029(1)
|
87,628
|
|
|
1,063,008
|
Dext ABS LLC 6.56%, 05/15/2034(1)
|
1,071,161
|
|
|
|
DLLAA LLC
|
|
|
|
2,210,000
|
4.70%, 10/20/2027(1)
|
2,213,419
|
|
|
227,411
|
5.93%, 07/20/2026(1)
|
227,964
|
|
|
|
DLLAD LLC
|
|
|
|
387,531
|
0.64%, 09/21/2026(1)
|
384,201
|
|
|
53,122
|
5.19%, 04/20/2026(1)
|
53,131
|
|
|
504,677
|
5.50%, 08/20/2027(1)
|
507,309
|
|
|
281,646
|
DLLST LLC 5.33%, 01/20/2026(1)
|
282,019
|
|
|
1,824,828
|
GoldenTree Loan Management U.S. CLO 4 Ltd.
5.45%, 04/24/2031, 3 mo. USD Term SOFR +
1.15%(1)(3)
|
1,824,473
|
|
|
600,272
|
Granite Park Equipment Leasing LLC 6.51%,
05/20/2030(1)
|
603,890
|
|
|
|
GreatAmerica Leasing Receivables Funding LLC
|
|
|
|
1,169,172
|
5.32%, 08/17/2026(1)
|
1,172,185
|
|
|
308,294
|
5.35%, 02/16/2026(1)
|
308,638
|
|
|
|
HPEFS Equipment Trust
|
|
|
|
1,340,000
|
5.18%, 05/20/2031(1)
|
1,344,392
|
|
|
42,624
|
5.43%, 08/20/2029(1)
|
42,641
|
|
|
328,449
|
6.04%, 01/21/2031(1)
|
329,241
|
|
|
|
John Deere Owner Trust
|
|
|
|
875,000
|
4.36%, 08/16/2027
|
874,688
|
|
|
94,618
|
5.59%, 06/15/2026
|
94,647
|
|
|
|
Kubota Credit Owner Trust
|
|
|
|
735,000
|
4.61%, 12/15/2027(1)
|
736,614
|
|
|
1,107,981
|
5.39%, 01/15/2027(1)
|
1,111,559
|
|
|
851,911
|
5.61%, 07/15/2026(1)
|
853,548
|
|
|
893,260
|
Madison Park Funding XXIV Ltd. 5.41%,
10/20/2029, 3 mo. USD Term SOFR +
1.12%(1)(3)
|
893,248
|
|
|
|
MMAF Equipment Finance LLC
|
|
|
|
1,639,139
|
5.20%, 09/13/2027(1)
|
1,645,075
|
|
|
655,482
|
5.79%, 11/13/2026(1)
|
657,088
|
|
|
1,247,462
|
Octagon Investment Partners 36 Ltd. 5.53%,
04/15/2031, 3 mo. USD Term SOFR +
1.23%(1)(3)
|
1,247,625
|
|
|
1,433,025
|
Octagon Investment Partners 39 Ltd. 5.44%,
10/20/2030, 3 mo. USD Term SOFR +
1.15%(1)(3)
|
1,432,717
|
|
|
325,882
|
Octagon Investment Partners XVII Ltd. 5.56%,
01/25/2031, 3 mo. USD Term SOFR +
1.26%(1)(3)
|
325,913
|
|
|
1,100,000
|
PFS Financing Corp. 4.85%, 02/15/2030(1)
|
1,109,210
|
|
|
459,261
|
Race Point IX CLO Ltd. 5.50%, 10/15/2030, 3 mo.
USD Term SOFR + 1.20%(1)(3)
|
459,253
|
|
|
2,750,000
|
Rad CLO 7 Ltd. 5.65%, 04/17/2036, 3 mo. USD
Term SOFR + 1.35%(1)(3)
|
2,751,944
|
|
|
275,820
|
SCF Equipment Leasing LLC 6.56%,
01/22/2030(1)
|
275,969
|
|
|
170,000
|
SCF Equipment Trust LLC 4.82%, 07/22/2030(1)
|
170,171
|
|
|
275,686
|
Tesla Sustainable Energy Trust 4.83%,
12/03/2025(1)
|
275,728
|
|
|
2,700,000
|
Verizon Master Trust 4.89%, 04/13/2028
|
2,700,104
|
|
|
|
Volvo Financial Equipment LLC
|
|
|
|
810,000
|
4.29%, 10/16/2028(1)
|
807,227
|
|
|
|
48
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET & COMMERCIAL MORTGAGE-BACKED SECURITIES - 30.6% - (continued)
|
|||
|
|
Other Asset-Backed Securities - 8.9% - (continued)
|
||
|
$ 395,000
|
4.41%, 11/15/2027(1)
|
$394,722
|
|
|
2,518,291
|
Voya CLO Ltd. 5.49%, 07/20/2032, 3 mo. USD
Term SOFR + 1.20%(1)(3)
|
2,519,220
|
|
|
|
|
|
46,743,976
|
|
|
Whole Loan Collateral CMO - 2.8%
|
||
|
470,194
|
Angel Oak Mortgage Trust 2.53%, 01/26/2065(1)(2)
|
439,011
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
228,187
|
0.94%, 02/25/2049(1)(2)
|
206,262
|
|
|
236,173
|
0.97%, 03/25/2060(1)(2)
|
226,744
|
|
|
817,483
|
1.70%, 04/25/2060(1)(2)
|
760,315
|
|
|
92,954
|
Bunker Hill Loan Depositary Trust 2.72%,
11/25/2059(1)(4)
|
91,647
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
1,391,290
|
1.11%, 10/25/2066(1)(2)
|
1,195,446
|
|
|
316,442
|
1.33%, 10/26/2065(1)(2)
|
289,568
|
|
|
1,683,397
|
1.40%, 10/25/2066(1)(2)
|
1,397,669
|
|
|
48,194
|
1.51%, 04/27/2065(1)(2)
|
46,739
|
|
|
860,091
|
1.73%, 11/26/2066(1)(2)
|
759,416
|
|
|
973,117
|
CSMC Trust 3.57%, 07/25/2049(1)(4)
|
932,097
|
|
|
|
Ellington Financial Mortgage Trust
|
|
|
|
370,319
|
0.93%, 06/25/2066(1)(2)
|
304,458
|
|
|
34,517
|
2.74%, 11/25/2059(1)(2)
|
32,610
|
|
|
|
GCAT Trust
|
|
|
|
2,412,795
|
1.26%, 07/25/2066(1)(2)
|
2,004,950
|
|
|
485,774
|
1.92%, 08/25/2066(1)(2)
|
447,582
|
|
|
|
MFA Trust
|
|
|
|
192,077
|
1.01%, 01/26/2065(1)(2)
|
180,338
|
|
|
413,864
|
1.03%, 11/25/2064(1)(2)
|
360,333
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
1,153,328
|
1.16%, 11/27/2056(1)(2)
|
1,000,812
|
|
|
334,716
|
4.00%, 08/27/2057(1)(2)
|
323,151
|
|
|
|
OBX Trust
|
|
|
|
25,252
|
5.08%, 06/25/2057, 1 mo. USD Term SOFR +
0.76%(1)(3)
|
24,689
|
|
|
404,250
|
5.12%, 06/25/2064(1)
|
402,056
|
|
|
22,464
|
Residential Mortgage Loan Trust 2.38%,
01/26/2060(1)(2)
|
22,169
|
|
|
1,631,139
|
SG Residential Mortgage Trust 1.16%,
07/25/2061(1)(2)
|
1,348,637
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
183,521
|
0.94%, 05/25/2065(1)(2)
|
171,777
|
|
|
28,686
|
2.28%, 02/25/2050(1)(2)
|
27,290
|
|
|
|
Towd Point Mortgage Trust
|
|
|
|
284,758
|
2.75%, 06/25/2057(1)(2)
|
276,700
|
|
|
417,071
|
3.75%, 03/25/2058(1)(2)
|
412,035
|
|
|
|
Verus Securitization Trust
|
|
|
|
967,776
|
1.63%, 10/25/2066(1)(2)
|
827,183
|
|
|
109,735
|
3.69%, 11/25/2059(1)(2)
|
108,350
|
|
|
|
|
|
14,620,034
|
|
|
Total Asset & Commercial Mortgage-Backed
Securities
(cost $162,569,510)
|
$160,876,981
|
|
|
CORPORATE BONDS - 23.9%
|
|||
|
|
Aerospace & Defense - 0.2%
|
||
|
900,000
|
Northrop Grumman Systems Corp. 7.75%,
03/15/2026
|
$918,544
|
|
|
|
Agriculture - 0.3%
|
||
|
1,700,000
|
Cargill, Inc. 3.50%, 04/22/2025(1)
|
1,698,819
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.9% - (continued)
|
|||
|
|
Auto Manufacturers - 1.0%
|
||
|
$ 1,400,000
|
American Honda Finance Corp. 4.95%,
01/09/2026
|
$1,404,177
|
|
|
|
Daimler Truck Finance North America LLC
|
|
|
|
565,000
|
5.15%, 01/16/2026(1)
|
567,300
|
|
|
875,000
|
5.60%, 08/08/2025(1)
|
877,301
|
|
|
|
Hyundai Capital America
|
|
|
|
1,650,000
|
5.45%, 06/24/2026(1)
|
1,663,706
|
|
|
1,000,000
|
6.25%, 11/03/2025(1)
|
1,007,858
|
|
|
|
|
|
5,520,342
|
|
|
Beverages - 0.1%
|
||
|
730,000
|
Diageo Capital PLC 5.20%, 10/24/2025
|
733,132
|
|
|
|
Chemicals - 0.4%
|
||
|
1,700,000
|
International Flavors & Fragrances, Inc. 1.23%,
10/01/2025(1)
|
1,668,775
|
|
|
580,000
|
Nutrien Ltd. 5.95%, 11/07/2025
|
584,404
|
|
|
|
|
|
2,253,179
|
|
|
Commercial Banks - 9.9%
|
||
|
1,600,000
|
ABN AMRO Bank NV 6.34%, 09/18/2027, (6.34%
fixed rate until 09/18/2026; 1 yr. USD CMT +
1.65% thereafter)(1)(5)
|
1,636,166
|
|
|
925,000
|
Bank of America Corp. 5.08%, 01/20/2027,
(5.08% fixed rate until 01/20/2026; 6 mo. USD
SOFR + 1.29% thereafter)(5)
|
928,320
|
|
|
2,000,000
|
Bank of America NA 5.65%, 08/18/2025
|
2,006,005
|
|
|
430,000
|
Bank of New York Mellon 5.15%, 05/22/2026,
(5.15% fixed rate until 05/22/2025; 6 mo. USD
SOFR + 1.07% thereafter)(5)
|
430,282
|
|
|
|
Banque Federative du Credit Mutuel SA
|
|
|
|
1,000,000
|
4.52%, 07/13/2025(1)
|
999,787
|
|
|
1,250,000
|
4.94%, 01/26/2026(1)
|
1,254,528
|
|
|
875,000
|
5.90%, 07/13/2026(1)
|
889,161
|
|
|
950,000
|
Barclays PLC 7.33%, 11/02/2026, (7.33% fixed
rate until 11/02/2025; 1 yr. USD CMT + 3.05%
thereafter)(5)
|
963,675
|
|
|
1,125,000
|
BPCE SA 5.20%, 01/18/2027(1)
|
1,138,313
|
|
|
1,210,000
|
Canadian Imperial Bank of Commerce 5.24%,
06/28/2027
|
1,228,015
|
|
|
|
Citibank NA
|
|
|
|
1,625,000
|
4.93%, 08/06/2026
|
1,635,679
|
|
|
2,400,000
|
5.44%, 04/30/2026
|
2,425,844
|
|
|
2,190,000
|
Credit Agricole SA 5.59%, 07/05/2026(1)
|
2,219,620
|
|
|
1,180,000
|
Danske Bank AS 6.26%, 09/22/2026, (6.26% fixed
rate until 09/22/2025; 1 yr. USD CMT + 1.18%
thereafter)(1)(5)
|
1,188,274
|
|
|
1,675,000
|
Goldman Sachs Bank USA 5.41%, 05/21/2027,
(5.41% fixed rate until 05/21/2026; 6 mo. USD
SOFR + 0.75% thereafter)(5)
|
1,690,864
|
|
|
1,750,000
|
Goldman Sachs Group, Inc. 5.80%, 08/10/2026,
(5.80% fixed rate until 08/10/2025; 6 mo. USD
SOFR + 1.08% thereafter)(5)
|
1,757,096
|
|
|
1,250,000
|
HSBC Holdings PLC 7.34%, 11/03/2026, (7.34%
fixed rate until 11/03/2025; 6 mo. USD SOFR +
3.03% thereafter)(5)
|
1,268,905
|
|
|
780,000
|
Lloyds Banking Group PLC 5.46%, 01/05/2028,
(5.46% fixed rate until 01/05/2027; 1 yr. USD
CMT + 1.38% thereafter)(5)
|
789,966
|
|
|
|
Manufacturers & Traders Trust Co.
|
|
|
|
2,310,000
|
4.65%, 01/27/2026
|
2,309,085
|
|
|
1,850,000
|
5.40%, 11/21/2025
|
1,855,377
|
|
|
1,225,000
|
Morgan Stanley 5.05%, 01/28/2027, (5.05% fixed
rate until 01/28/2026; 6 mo. USD SOFR +
1.30% thereafter)(5)
|
1,229,288
|
|
|
|
49
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.9% - (continued)
|
|||
|
|
Commercial Banks - 9.9% - (continued)
|
||
|
|
Morgan Stanley Bank NA
|
|
|
|
$ 1,250,000
|
4.75%, 04/21/2026
|
$1,253,936
|
|
|
1,500,000
|
5.48%, 07/16/2025
|
1,502,352
|
|
|
1,225,000
|
National Australia Bank Ltd. 4.97%, 01/12/2026
|
1,229,916
|
|
|
1,000,000
|
National Securities Clearing Corp. 5.15%,
05/30/2025(1)
|
1,000,797
|
|
|
1,600,000
|
PNC Bank NA 4.78%, 01/15/2027, (4.78% fixed
rate until 01/15/2026; 6 mo. USD SOFR +
0.50% thereafter)(5)
|
1,601,097
|
|
|
875,000
|
Royal Bank of Canada 5.20%, 07/20/2026
|
883,701
|
|
|
|
Societe Generale SA
|
|
|
|
1,350,000
|
4.35%, 06/13/2025(1)
|
1,349,143
|
|
|
925,000
|
6.45%, 01/12/2027, (6.45% fixed rate until
01/12/2026; 1 yr. USD CMT + 2.30%
thereafter)(1)(5)
|
936,259
|
|
|
1,225,000
|
Standard Chartered PLC 6.17%, 01/09/2027,
(6.17% fixed rate until 01/09/2026; 1 yr. USD
CMT + 2.05% thereafter)(1)(5)
|
1,237,646
|
|
|
1,500,000
|
State Street Corp. 5.75%, 11/04/2026, (5.75%
fixed rate until 11/04/2025; 6 mo. USD SOFR +
1.35% thereafter)(5)
|
1,509,958
|
|
|
925,000
|
Toronto-Dominion Bank 5.10%, 01/09/2026
|
929,623
|
|
|
1,250,000
|
Truist Financial Corp. 5.90%, 10/28/2026, (5.90%
fixed rate until 10/28/2025; 6 mo. USD SOFR +
1.63% thereafter)(5)
|
1,258,194
|
|
|
|
UBS AG
|
|
|
|
2,725,000
|
1.25%, 06/01/2026
|
2,628,459
|
|
|
1,575,000
|
4.86%, 01/10/2028, (4.86% fixed rate until
01/10/2027; 6 mo. USD SOFR + 0.72%
thereafter)(5)
|
1,582,207
|
|
|
|
Wells Fargo Bank NA
|
|
|
|
1,700,000
|
4.81%, 01/15/2026
|
1,705,023
|
|
|
1,750,000
|
5.55%, 08/01/2025
|
1,754,685
|
|
|
|
|
|
52,207,246
|
|
|
Diversified Financial Services - 0.7%
|
||
|
|
American Express Co.
|
|
|
|
1,300,000
|
3.95%, 08/01/2025
|
1,296,949
|
|
|
1,250,000
|
4.99%, 05/01/2026, (4.99% fixed rate until
05/01/2025; 6 mo. USD SOFR + 1.00%
thereafter)(5)
|
1,250,141
|
|
|
975,000
|
Capital One Financial Corp. 4.99%, 07/24/2026,
(4.99% fixed rate until 07/24/2025; 6 mo. USD
SOFR + 2.16% thereafter)(5)
|
975,261
|
|
|
|
|
|
3,522,351
|
|
|
Electric - 2.3%
|
||
|
1,310,000
|
Alliant Energy Finance LLC 5.40%, 06/06/2027(1)
|
1,324,932
|
|
|
1,250,000
|
American Electric Power Co., Inc. 5.70%,
08/15/2025
|
1,254,416
|
|
|
653,907
|
Consumers Securitization Funding LLC 5.55%,
03/01/2028
|
662,492
|
|
|
1,459,000
|
Emera U.S. Finance LP 3.55%, 06/15/2026
|
1,438,041
|
|
|
500,000
|
FirstEnergy Pennsylvania Electric Co. 5.15%,
03/30/2026(1)
|
502,703
|
|
|
2,625,000
|
Georgia Power Co. 4.64%, 09/15/2026, 3 mo.
USD SOFR + 0.28%(3)
|
2,625,669
|
|
|
980,000
|
NextEra Energy Capital Holdings, Inc. 5.75%,
09/01/2025
|
983,988
|
|
|
2,170,000
|
NYSEG Storm Funding LLC 4.71%, 05/01/2029
|
2,176,358
|
|
|
1,000,000
|
Southern Co. 5.15%, 10/06/2025
|
1,003,586
|
|
|
|
|
|
11,972,185
|
|
|
Food - 0.5%
|
||
|
2,565,000
|
Mars, Inc. 4.45%, 03/01/2027(1)
|
2,570,072
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.9% - (continued)
|
|||
|
|
Gas - 0.2%
|
||
|
$ 1,000,000
|
Spire, Inc. 5.30%, 03/01/2026
|
$1,005,647
|
|
|
|
Healthcare - Products - 0.3%
|
||
|
1,575,000
|
Stryker Corp. 4.55%, 02/10/2027
|
1,577,134
|
|
|
|
Healthcare - Services - 1.4%
|
||
|
545,000
|
Elevance Health, Inc. 5.35%, 10/15/2025
|
546,510
|
|
|
4,150,000
|
PeaceHealth Obligated Group 1.38%, 11/15/2025
|
4,063,030
|
|
|
|
UnitedHealth Group, Inc.
|
|
|
|
1,300,000
|
4.75%, 07/15/2026
|
1,308,648
|
|
|
1,395,000
|
5.15%, 10/15/2025
|
1,400,305
|
|
|
|
|
|
7,318,493
|
|
|
Insurance - 2.5%
|
||
|
|
Athene Global Funding
|
|
|
|
1,600,000
|
4.86%, 08/27/2026(1)
|
1,604,967
|
|
|
980,000
|
5.68%, 02/23/2026(1)
|
989,914
|
|
|
705,000
|
Corebridge Financial, Inc. 3.50%, 04/04/2025
|
704,916
|
|
|
725,000
|
Corebridge Global Funding 5.75%, 07/02/2026(1)
|
735,658
|
|
|
1,540,000
|
Equitable Financial Life Global Funding 5.50%,
12/02/2025(1)
|
1,549,844
|
|
|
|
Jackson National Life Global Funding
|
|
|
|
1,225,000
|
5.50%, 01/09/2026(1)
|
1,231,664
|
|
|
775,000
|
5.55%, 07/02/2027(1)
|
789,627
|
|
|
1,225,000
|
Metropolitan Life Global Funding I 5.00%,
01/06/2026(1)
|
1,230,661
|
|
|
1,250,000
|
Pacific Life Global Funding II 5.50%,
08/28/2026(1)
|
1,269,674
|
|
|
1,500,000
|
Principal Life Global Funding II 3.00%,
04/18/2026(1)
|
1,478,096
|
|
|
1,525,000
|
Protective Life Global Funding 5.37%,
01/06/2026(1)
|
1,534,774
|
|
|
|
|
|
13,119,795
|
|
|
Machinery - Construction & Mining - 0.3%
|
||
|
1,575,000
|
Caterpillar Financial Services Corp. 4.50%,
01/07/2027
|
1,582,039
|
|
|
|
Machinery-Diversified - 0.3%
|
||
|
1,575,000
|
John Deere Capital Corp. 4.50%, 01/08/2027
|
1,584,200
|
|
|
|
Mining - 0.4%
|
||
|
2,275,000
|
Rio Tinto Finance USA PLC 4.38%, 03/12/2027
|
2,280,464
|
|
|
|
Oil & Gas - 0.6%
|
||
|
1,238,000
|
Occidental Petroleum Corp. 5.88%, 09/01/2025
|
1,239,931
|
|
|
1,750,000
|
Ovintiv, Inc. 5.65%, 05/15/2025
|
1,751,122
|
|
|
|
|
|
2,991,053
|
|
|
Pharmaceuticals - 0.3%
|
||
|
460,000
|
Bayer U.S. Finance LLC 6.13%, 11/21/2026(1)
|
468,535
|
|
|
1,225,000
|
CVS Health Corp. 5.00%, 02/20/2026
|
1,227,536
|
|
|
|
|
|
1,696,071
|
|
|
Pipelines - 1.1%
|
||
|
245,000
|
Columbia Pipelines Holding Co. LLC 6.06%,
08/15/2026(1)
|
248,539
|
|
|
925,000
|
Enterprise Products Operating LLC 5.05%,
01/10/2026
|
929,007
|
|
|
1,100,000
|
Gray Oak Pipeline LLC 2.60%, 10/15/2025(1)
|
1,084,037
|
|
|
2,050,000
|
ONEOK, Inc. 5.55%, 11/01/2026
|
2,077,208
|
|
|
1,700,000
|
Williams Cos., Inc. 5.40%, 03/02/2026
|
1,711,938
|
|
|
|
|
|
6,050,729
|
|
|
Retail - 0.2%
|
||
|
800,000
|
AutoZone, Inc. 5.05%, 07/15/2026
|
805,726
|
|
|
|
50
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 23.9% - (continued)
|
|||
|
|
Savings & Loans - 0.4%
|
||
|
$ 2,030,000
|
Nationwide Building Society 3.90%, 07/21/2025(1)
|
$2,025,380
|
|
|
|
Semiconductors - 0.2%
|
||
|
885,000
|
Intel Corp. 4.88%, 02/10/2026
|
886,170
|
|
|
|
Software - 0.1%
|
||
|
275,000
|
Oracle Corp. 5.80%, 11/10/2025
|
277,104
|
|
|
|
Trucking & Leasing - 0.2%
|
||
|
1,000,000
|
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.75%, 05/24/2026(1)
|
1,011,199
|
|
|
|
Total Corporate Bonds
(cost $124,916,675)
|
$125,607,074
|
|
|
MUNICIPAL BONDS - 0.3%
|
|||
|
|
General - 0.3%
|
||
|
1,630,000
|
New Jersey Transportation Trust Fund Auth, NJ,
Rev 5.09%, 06/15/2025
|
$1,631,461
|
|
|
|
Total Municipal Bonds
(cost $1,630,000)
|
|
$1,631,461
|
|
U.S. GOVERNMENT AGENCIES - 5.1%
|
|||
|
|
Mortgage-Backed Agencies - 5.1%
|
||
|
|
Federal Home Loan Mortgage Corp. - 0.7%
|
||
|
392,004
|
1.00%, 05/15/2041
|
$364,191
|
|
|
56,257
|
1.75%, 04/15/2027
|
55,620
|
|
|
1,496,256
|
3.00%, 10/15/2045
|
1,459,161
|
|
|
71,104
|
3.50%, 11/15/2025
|
70,734
|
|
|
568,729
|
3.50%, 05/15/2026
|
565,069
|
|
|
1,189,842
|
4.00%, 03/15/2037
|
1,183,941
|
|
|
|
|
|
3,698,716
|
|
|
Federal National Mortgage Association - 0.6%
|
||
|
314,612
|
1.75%, 09/25/2041
|
299,801
|
|
|
190,581
|
3.50%, 08/25/2026
|
189,306
|
|
|
346,714
|
3.50%, 11/01/2034
|
343,919
|
|
|
405,468
|
3.50%, 11/25/2038
|
402,147
|
|
|
350,828
|
4.00%, 09/25/2039
|
348,965
|
|
|
926,573
|
4.00%, 07/25/2040
|
921,109
|
|
|
930,445
|
4.00%, 06/25/2041
|
925,047
|
|
|
|
|
|
3,430,294
|
|
|
Government National Mortgage Association - 3.8%
|
||
|
2,095,113
|
2.00%, 12/16/2040
|
1,955,399
|
|
|
1,397,537
|
2.00%, 06/16/2041
|
1,328,386
|
|
|
4,140,059
|
2.25%, 12/20/2039
|
3,971,803
|
|
|
2,834,268
|
2.25%, 02/20/2044
|
2,713,126
|
|
|
279,172
|
2.50%, 09/20/2046
|
268,342
|
|
|
609,640
|
3.50%, 01/20/2052
|
601,281
|
|
|
9,011,305
|
4.50%, 11/20/2043
|
8,976,997
|
|
|
|
|
|
19,815,334
|
|
|
Total U.S. Government Agencies
(cost $26,656,698)
|
|
$26,944,344
|
|
U.S. GOVERNMENT SECURITIES - 19.0%
|
|||
|
|
U.S. Treasury Securities - 19.0%
|
||
|
|
U.S. Treasury Notes - 19.0%
|
||
|
25,600,000
|
0.38%, 11/30/2025
|
$24,969,000
|
|
|
27,625,000
|
1.38%, 08/31/2026
|
26,649,492
|
|
|
11,600,000
|
2.88%, 08/15/2028
|
11,225,719
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 19.0% - (continued)
|
|||
|
|
U.S. Treasury Securities - 19.0% - (continued)
|
||
|
|
U.S. Treasury Notes - 19.0% - (continued)
|
||
|
$ 36,690,000
|
4.25%, 10/15/2025
|
$36,698,026
|
|
|
|
Total U.S. Government Securities
(cost $99,190,104)
|
|
$99,542,237
|
|
|
Total Long-Term Investments
(cost $414,962,987)
|
|
$414,602,097
|
|
SHORT-TERM INVESTMENTS - 20.1%
|
|||
|
|
Commercial Paper - 1.9%
|
||
|
3,250,000
|
Australia & New Zealand Banking Group Ltd.
4.48%, 08/27/2025(1)(6)
|
$3,249,915
|
|
|
3,500,000
|
DNB Bank ASA 4.21%, 03/19/2026(1)(6)
|
3,361,167
|
|
|
3,300,000
|
Toyota Motor Credit Corp. 4.37%, 07/28/2025(6)
|
3,253,030
|
|
|
|
|
|
9,864,112
|
|
|
Repurchase Agreements - 1.4%
|
||
|
7,165,830
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2025 at 4.38%, due
on 04/01/2025 with a maturity value of
$7,166,702; collateralized by U.S. Treasury
Note at 4.25%, maturing 03/15/2027, with a
market value of $7,309,259
|
7,165,830
|
|
|
|
U.S. Treasury Securities - 16.8%
|
||
|
|
U.S. Treasury Bills - 16.8%
|
||
|
11,250,000
|
2.89%, 04/03/2025(6)
|
11,247,323
|
|
|
30,375,000
|
3.97%, 02/19/2026(6)
|
29,308,788
|
|
|
5,375,000
|
4.08%, 04/22/2025(6)
|
5,361,769
|
|
|
5,525,000
|
4.11%, 12/26/2025(6)
|
5,363,920
|
|
|
10,775,000
|
4.12%, 05/01/2025(6)
|
10,737,332
|
|
|
15,825,000
|
4.18%, 06/03/2025(6)
|
15,708,704
|
|
|
10,700,000
|
4.19%, 05/27/2025(6)
|
10,630,010
|
|
|
|
|
|
88,357,846
|
|
|
Total Short-Term Investments
(cost $105,370,388)
|
$105,387,788
|
|
|
|
Total Investments
(cost $520,333,375)
|
99.0
%
|
$519,989,885
|
|
|
Other Assets and Liabilities
|
1.0
%
|
5,382,530
|
|
|
Net Assets
|
100.0
%
|
$525,372,415
|
|
(1)
|
Security was purchased pursuant to Rule 144A under the Securities Act of 1933
and may be sold in transactions that are exempt from registration (typically only
to
qualified institutional buyers) or in a public offering registered under the Securities
Act of 1933. At March 31, 2025, the aggregate value of these securities was
$156,222,363, representing 29.7% of net assets.
|
|
(2)
|
Variable or floating rate security, which interest rate adjusts periodically based
on
changes in current interest rates and prepayments on the underlying pool of
assets. Rate shown is the rate in effect as of period end.
|
|
|
51
|
|
|
(3)
|
Variable rate securities; the rate reported is the coupon rate in effect at March
31,
2025. Base lending rates may be subject to a floor or cap.
|
|
(4)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(5)
|
Fixed to variable rate investment. The rate shown reflects the fixed rate in effect
at
March 31, 2025. Rate will reset at a future date. Base lending rates may be subject
to a floor or cap.
|
|
(6)
|
The rate shown represents current yield to maturity.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset & Commercial Mortgage-Backed Securities
|
$160,876,981
|
$—
|
$160,876,981
|
$—
|
|
Corporate Bonds
|
125,607,074
|
—
|
125,607,074
|
—
|
|
Municipal Bonds
|
1,631,461
|
—
|
1,631,461
|
—
|
|
U.S. Government Agencies
|
26,944,344
|
—
|
26,944,344
|
—
|
|
U.S. Government Securities
|
99,542,237
|
—
|
99,542,237
|
—
|
|
Short-Term Investments
|
105,387,788
|
—
|
105,387,788
|
—
|
|
Total
|
$519,989,885
|
$—
|
$519,989,885
|
$—
|
|
(1)
|
For the period ended March 31, 2025, there were no transfers in and out of Level 3.
|
|
|
52
|
|
|
Counterparty Abbreviations:
|
|
|
DEUT
|
Deutsche Bank Securities, Inc.
|
|
GSC
|
Goldman Sachs & Co.
|
|
MSC
|
Morgan Stanley
|
|
SSG
|
State Street Global Markets LLC
|
|
Currency Abbreviations:
|
|
|
BRL
|
Brazil Real
|
|
EUR
|
Euro Member Countries
|
|
USD
|
United States Dollar
|
|
Index Abbreviations:
|
|
|
CMT
|
Constant Maturity Treasury Index
|
|
ICE
|
Intercontinental Exchange, Inc.
|
|
S&P
|
Standard & Poor's
|
|
Municipal Abbreviations:
|
|
|
Auth
|
Authority
|
|
Dev
|
Development
|
|
GO
|
General Obligation
|
|
Rev
|
Revenue
|
|
Other Abbreviations:
|
|
|
ADR
|
American Depositary Receipt
|
|
ASA
|
Allmennaksjeselskap
|
|
BAM
|
Build America Mutual Assurance Co.
|
|
CLO
|
Collateralized Loan Obligation
|
|
CMO
|
Collateralized Mortgage Obligation
|
|
CVR
|
Contingent Value Rights
|
|
ETF
|
Exchange-Traded Fund
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
KGaA
|
Kommanditgesellschaft Auf Aktien
|
|
MSCI
|
Morgan Stanley Capital International
|
|
NPFG
|
National Public Finance Guarantee Corp.
|
|
Nyrt
|
New York REIT Inc
|
|
PJSC
|
Private Joint Stock Company
|
|
PT
|
Perseroan Terbatas
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBA
|
To Be Announced
|
|
Tbk
|
Terbuka
|
|
|
53
|
|