|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.4%
|
|||
|
|
Asset-Backed - Automobile - 0.1%
|
||
|
$ 126,198
|
CFMT LLC Series 2021-AL1, 1.39%,
09/22/2031(1)
|
$125,910
|
|
|
637,770
|
Enterprise Fleet Financing LLC Series 2023-3,
6.40%, 03/20/2030(1)
|
643,506
|
|
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
891,710
|
Series 2024-2A, 4.87%, 06/21/2039(1)
|
897,992
|
|
|
403,721
|
Series 2023-2A, 6.46%, 08/18/2038(1)
|
407,122
|
|
|
|
|
|
2,074,530
|
|
|
Asset-Backed - Student Loan - 0.1%
|
||
|
976,667
|
Navient Private Education Refi Loan Trust
Series 2023-A, 5.51%, 10/15/2071(1)
|
987,668
|
|
|
|
Commercial Mortgage-Backed Securities - 0.1%
|
||
|
395,000
|
BX Trust Series 2025-ARIA, 5.03%,
12/13/2042(1)(2)
|
397,080
|
|
|
1,504,174
|
RFR Trust Series 2025-SGRM, 5.38%,
03/11/2041(1)(2)
|
1,521,916
|
|
|
|
|
|
1,918,996
|
|
|
Other Asset-Backed Securities - 0.2%
|
||
|
79,107
|
Castlelake Aircraft Structured Trust Series
2019-1A, 3.97%, 04/15/2039(1)
|
78,319
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
110,943
|
Series 2021-1A, 1.53%, 03/15/2061(1)
|
88,830
|
|
|
191,711
|
Series 2022-1A, 5.97%, 08/15/2062(1)
|
190,506
|
|
|
1,319,099
|
Home Partners of America Trust Series
2021-2, 2.30%, 12/17/2026(1)
|
1,295,259
|
|
|
56,761
|
Horizon Aircraft Finance II Ltd. Series 2019-1,
3.72%, 07/15/2039(1)
|
56,333
|
|
|
140,233
|
Horizon Aircraft Finance III Ltd. Series 2019-2,
3.43%, 11/15/2039(1)
|
137,423
|
|
|
673,907
|
Kubota Credit Owner Trust Series 2023-2A,
5.28%, 01/18/2028(1)
|
678,055
|
|
|
36,572
|
MACH 1 Cayman Ltd. Series 2019-1, 3.47%,
10/15/2039(1)
|
36,267
|
|
|
76,290
|
Start II Ltd. Series 2019-1, 4.09%,
03/15/2044(1)
|
76,291
|
|
|
|
|
|
2,637,283
|
|
|
Whole Loan Collateral CMO - 0.9%
|
||
|
11,081
|
Angel Oak Mortgage Trust Series 2019-6,
2.62%, 11/25/2059(1)(2)
|
10,995
|
|
|
286,634
|
Federal Home Loan Mortgage Corp.
Seasoned Credit Risk Transfer Trust Series
2019-3, 3.50%, 10/25/2058
|
279,330
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
120,700
|
Series 2021-R01, 5.21%, 10/25/2041, 30
day USD SOFR Average + 1.55%(1)(2)
|
120,776
|
|
|
29,735
|
Series 2016-C03, 9.68%, 10/25/2028, 30
day USD SOFR Average + 6.01%(2)
|
29,834
|
|
|
|
Flagstar Mortgage Trust
|
|
|
|
449,698
|
Series 2021-9INV, 2.00%, 09/25/2041(1)(2)
|
397,854
|
|
|
210,379
|
Series 2018-3INV, 4.00%, 05/25/2048(1)(2)
|
196,163
|
|
|
2,070,186
|
GS Mortgage-Backed Securities Trust Series
2026-DSC1, 4.73%, 05/25/2066(1)(3)
|
2,051,118
|
|
|
120,088
|
MetLife Securitization Trust Series 2017-1A,
3.00%, 04/25/2055(1)(2)
|
114,992
|
|
|
|
Pretium Mortgage Credit Partners LLC
|
|
|
|
2,806,711
|
Series 2025-RPL6, 3.85%, 09/25/2069(1)(3)
|
2,782,037
|
|
|
1,850,293
|
Series 2025-RPL2, 4.00%, 08/25/2064(1)(3)
|
1,791,555
|
|
|
1,472,294
|
Series 2026-RPL1, 4.15%, 01/25/2070(1)(3)
|
1,426,040
|
|
|
461,339
|
PRPM Trust Series 2026-RCF1, 4.85%,
01/25/2056(1)(3)
|
458,764
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 1.4% -
(continued)
|
|||
|
|
Whole Loan Collateral CMO - 0.9% - (continued)
|
||
|
|
Towd Point Mortgage Trust
|
|
|
|
$ 71,954
|
Series 2017-4, 2.75%, 06/25/2057(1)(2)
|
$70,790
|
|
|
7,780
|
Series 2018-1, 3.00%, 01/25/2058(1)(2)
|
7,743
|
|
|
|
Verus Securitization Trust
|
|
|
|
274,374
|
Series 2026-R1, 4.83%, 10/25/2067(1)(2)
|
271,961
|
|
|
2,361,511
|
Series 2025-R2, 5.09%, 07/25/2067(1)(2)
|
2,353,924
|
|
|
1,225,000
|
Series 2026-R2, 5.39%, 10/25/2067(1)(2)
|
1,224,372
|
|
|
|
|
|
13,588,248
|
|
|
Total Asset-Backed & Commercial
Mortgage-Backed Securities
(cost $21,256,724)
|
$21,206,725
|
|
|
CORPORATE BONDS - 10.4%
|
|||
|
|
Aerospace & Defense - 0.1%
|
||
|
245,000
|
Boeing Co. 5.71%, 05/01/2040
|
$245,385
|
|
|
560,000
|
Lockheed Martin Corp. 4.85%, 09/15/2041
|
518,648
|
|
|
|
|
|
764,033
|
|
|
Agriculture - 0.5%
|
||
|
|
BAT Capital Corp.
|
|
|
|
820,000
|
5.35%, 08/15/2032
|
841,417
|
|
|
2,638,000
|
5.63%, 08/15/2035(4)
|
2,713,080
|
|
|
100,000
|
7.08%, 08/02/2043
|
109,918
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
2,080,000
|
4.25%, 10/29/2032
|
2,014,953
|
|
|
1,580,000
|
5.25%, 02/13/2034
|
1,608,916
|
|
|
75,000
|
Reynolds American, Inc. 5.85%, 08/15/2045
|
72,636
|
|
|
|
|
|
7,360,920
|
|
|
Auto Parts & Equipment - 0.1%
|
||
|
1,150,000
|
LG Energy Solution Ltd. 5.25%, 04/02/2031(1)
|
1,146,434
|
|
|
|
Commercial Banks - 2.0%
|
||
|
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)(2)
|
1,212,945
|
|
|
688,000
|
Bank of America Corp. 5.51%, 01/24/2036,
(5.51% fixed rate until 01/24/2035; 6 mo.
USD SOFR + 1.21% thereafter)(2)
|
701,609
|
|
|
|
Citizens Financial Group, Inc.
|
|
|
|
455,000
|
5.84%, 01/23/2030, (5.84% fixed rate until
01/23/2029; 6 mo. USD SOFR + 0.58%
thereafter)(2)
|
468,573
|
|
|
2,875,000
|
6.65%, 04/25/2035, (6.65% fixed rate until
04/25/2034; 6 mo. USD SOFR + 0.95%
thereafter)(2)
|
3,081,317
|
|
|
2,505,000
|
Commonwealth Bank of Australia 5.07%,
09/14/2028(1)
|
2,567,738
|
|
|
|
Credit Agricole SA
|
|
|
|
1,540,000
|
4.63%, 09/11/2028, (4.63% fixed rate until
09/11/2027; 6 mo. USD SOFR + 0.70%
thereafter)(1)(2)
|
1,539,554
|
|
|
2,733,000
|
6.32%, 10/03/2029, (6.32% fixed rate until
10/03/2028; 6 mo. USD SOFR + 0.61%
thereafter)(1)(2)
|
2,845,112
|
|
|
|
Goldman Sachs Group, Inc.
|
|
|
|
1,966,000
|
4.15%, 01/21/2029, (4.15% fixed rate until
01/21/2028; 6 mo. USD SOFR + 0.66%
thereafter)(2)
|
1,953,869
|
|
|
640,000
|
4.52%, 01/21/2032, (4.52% fixed rate until
01/21/2031; 6 mo. USD SOFR + 1.20%
thereafter)(2)
|
630,299
|
|
|
1,150,000
|
6.25%, 02/01/2041
|
1,210,499
|
|
|
|
1
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 10.4% - (continued)
|
|||
|
|
Commercial Banks - 2.0% - (continued)
|
||
|
$ 1,100,000
|
HSBC Holdings PLC 4.68%, 03/10/2032,
(4.68% fixed rate until 03/10/2031; 6 mo.
USD SOFR + 1.53% thereafter)(2)
|
$1,085,423
|
|
|
|
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)(2)
|
572,946
|
|
|
390,000
|
3.11%, 04/22/2041, (3.11% fixed rate until
04/22/2040; 3 mo. USD Term SOFR +
0.99% thereafter)(2)
|
297,407
|
|
|
705,000
|
3.70%, 05/06/2030, (3.70% fixed rate until
05/06/2029; 3 mo. USD Term SOFR +
0.96% thereafter)(2)
|
687,537
|
|
|
1,938,000
|
4.91%, 07/25/2033, (4.91% fixed rate until
07/25/2032; 6 mo. USD SOFR + 2.08%
thereafter)(2)
|
1,939,337
|
|
|
1,335,000
|
5.10%, 04/22/2031, (5.10% fixed rate until
04/22/2030; 6 mo. USD SOFR + 1.44%
thereafter)(2)
|
1,359,240
|
|
|
930,000
|
5.14%, 01/24/2031, (5.14% fixed rate until
01/24/2030; 6 mo. USD SOFR + 1.01%
thereafter)(2)
|
947,020
|
|
|
3,996,000
|
5.57%, 04/22/2036, (5.57% fixed rate until
04/22/2035; 6 mo. USD SOFR + 1.68%
thereafter)(2)
|
4,117,814
|
|
|
|
Morgan Stanley
|
|
|
|
1,740,000
|
4.24%, 01/09/2030, (4.24% fixed rate until
01/09/2029; 6 mo. USD SOFR + 0.80%
thereafter)(2)
|
1,722,441
|
|
|
1,283,000
|
4.65%, 10/18/2030, (4.65% fixed rate until
10/18/2029; 6 mo. USD SOFR + 1.10%
thereafter)(2)
|
1,282,471
|
|
|
|
|
|
30,223,151
|
|
|
Diversified Financial Services - 0.5%
|
||
|
|
American Express Co.
|
|
|
|
1,325,000
|
4.92%, 07/20/2033, (4.92% fixed rate until
07/20/2032; 6 mo. USD SOFR + 0.71%
thereafter)(2)
|
1,327,421
|
|
|
2,037,000
|
5.28%, 07/27/2029, (5.28% fixed rate until
07/27/2028; 6 mo. USD SOFR + 1.28%
thereafter)(2)
|
2,071,704
|
|
|
1,715,000
|
Aviation Capital Group LLC 1.95%,
09/20/2026(1)
|
1,694,604
|
|
|
2,615,000
|
Blackstone Holdings Finance Co. LLC 2.55%,
03/30/2032(1)
|
2,286,774
|
|
|
405,000
|
Equitable America Global Funding 3.95%,
09/15/2027(1)
|
401,665
|
|
|
|
|
|
7,782,168
|
|
|
Electric - 1.5%
|
||
|
|
AEP Texas, Inc.
|
|
|
|
290,000
|
5.20%, 04/15/2036
|
285,204
|
|
|
206,000
|
5.85%, 10/15/2055
|
198,660
|
|
|
500,000
|
Arizona Public Service Co. 3.75%, 05/15/2046
|
371,640
|
|
|
1,349,000
|
CenterPoint Energy Houston Electric LLC
4.85%, 04/01/2036
|
1,321,066
|
|
|
1,960,000
|
Cleveland Electric Illuminating Co. 3.50%,
04/01/2028(1)
|
1,919,637
|
|
|
|
Duke Energy Corp.
|
|
|
|
1,008,000
|
3.95%, 08/15/2047
|
746,958
|
|
|
340,000
|
4.95%, 09/15/2035
|
331,447
|
|
|
2,030,000
|
5.70%, 09/15/2055
|
1,918,393
|
|
|
35,000
|
Duke Energy Indiana LLC 4.95%, 03/15/2036
|
34,456
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 10.4% - (continued)
|
|||
|
|
Electric - 1.5% - (continued)
|
||
|
|
FirstEnergy Pennsylvania Electric Co.
|
|
|
|
$ 241,000
|
3.60%, 06/01/2029(1)
|
$234,033
|
|
|
75,000
|
5.20%, 04/01/2028(1)
|
76,065
|
|
|
|
Georgia Power Co.
|
|
|
|
756,000
|
4.30%, 03/15/2042
|
652,247
|
|
|
245,000
|
4.75%, 09/01/2040
|
229,663
|
|
|
165,000
|
Ohio Edison Co. 4.95%, 12/15/2029(1)
|
166,676
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
560,000
|
4.75%, 02/15/2044
|
466,580
|
|
|
3,393,200
|
4.95%, 07/01/2050
|
2,810,846
|
|
|
65,000
|
5.20%, 05/01/2036
|
63,351
|
|
|
25,000
|
5.25%, 03/01/2052
|
21,272
|
|
|
75,000
|
6.00%, 05/01/2056
|
71,178
|
|
|
65,000
|
6.75%, 01/15/2053
|
67,443
|
|
|
875,000
|
Public Service Co. of Colorado 4.15%,
03/13/2029
|
872,497
|
|
|
1,395,000
|
Public Service Co. of Oklahoma 5.45%,
01/15/2036
|
1,403,949
|
|
|
600,000
|
Public Service Electric & Gas Co. 3.65%,
09/01/2042
|
471,333
|
|
|
|
SCE Recovery Funding LLC
|
|
|
|
298,342
|
0.86%, 11/15/2033
|
269,877
|
|
|
220,000
|
1.94%, 05/15/2040
|
171,397
|
|
|
125,000
|
2.51%, 11/15/2043
|
84,150
|
|
|
1,156,000
|
Sempra 4.13%, 04/01/2052, (4.13% fixed rate
until 01/01/2027; 5 yr. USD CMT + 2.87%
thereafter)(2)
|
1,124,221
|
|
|
|
Southern California Edison Co.
|
|
|
|
1,108,000
|
4.00%, 04/01/2047
|
823,165
|
|
|
968,000
|
4.65%, 10/01/2043
|
809,522
|
|
|
1,015,000
|
4.80%, 03/15/2033
|
996,870
|
|
|
59,000
|
6.20%, 09/15/2055
|
58,511
|
|
|
430,000
|
Southwestern Electric Power Co. 5.20%,
04/01/2036
|
422,841
|
|
|
1,230,376
|
Texas Electric Market Stabilization Funding N
LLC 4.27%, 08/01/2036(1)
|
1,221,819
|
|
|
170,000
|
Trans-Allegheny Interstate Line Co. 5.00%,
01/15/2031(1)
|
172,691
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
1,422,000
|
4.90%, 09/15/2035
|
1,391,259
|
|
|
873,000
|
5.60%, 09/15/2055
|
830,819
|
|
|
|
|
|
23,111,736
|
|
|
Food - 0.7%
|
||
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings
|
|
|
|
335,000
|
3.00%, 05/15/2032
|
297,694
|
|
|
1,295,000
|
5.63%, 03/10/2037(1)
|
1,299,053
|
|
|
1,450,000
|
5.75%, 04/01/2033
|
1,496,749
|
|
|
175,000
|
5.95%, 04/20/2035
|
181,661
|
|
|
540,000
|
6.25%, 03/01/2056
|
529,362
|
|
|
455,000
|
6.38%, 04/15/2066
|
446,474
|
|
|
647,000
|
6.40%, 05/10/2057(1)
|
645,803
|
|
|
2,578,000
|
6.75%, 03/15/2034
|
2,835,411
|
|
|
|
Mars, Inc.
|
|
|
|
1,510,000
|
5.20%, 03/01/2035(1)
|
1,524,376
|
|
|
848,000
|
5.65%, 05/01/2045(1)
|
837,414
|
|
|
924,000
|
5.70%, 05/01/2055(1)
|
900,967
|
|
|
|
|
|
10,994,964
|
|
|
Gas - 0.1%
|
||
|
500,000
|
CenterPoint Energy Resources Corp. 5.40%,
07/01/2034
|
510,264
|
|
|
|
2
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 10.4% - (continued)
|
|||
|
|
Gas - 0.1% - (continued)
|
||
|
$ 371,000
|
NiSource, Inc. 5.35%, 07/15/2035
|
$373,524
|
|
|
455,000
|
Southern Co. Gas Capital Corp. 5.10%,
09/15/2035
|
449,070
|
|
|
|
|
|
1,332,858
|
|
|
Healthcare - Services - 0.3%
|
||
|
|
Ascension Health
|
|
|
|
1,056,000
|
4.29%, 11/15/2030
|
1,045,571
|
|
|
250,000
|
4.92%, 11/15/2035
|
247,018
|
|
|
1,839,000
|
HCA, Inc. 4.90%, 11/15/2035
|
1,777,963
|
|
|
920,000
|
Providence St. Joseph Health Obligated
Group 5.40%, 10/01/2033
|
938,032
|
|
|
175,000
|
Sutter Health 2.29%, 08/15/2030
|
159,439
|
|
|
155,000
|
Toledo Hospital 5.75%, 11/15/2038
|
155,160
|
|
|
|
|
|
4,323,183
|
|
|
Insurance - 1.2%
|
||
|
|
American International Group, Inc.
|
|
|
|
437,000
|
3.40%, 06/30/2030
|
416,746
|
|
|
375,000
|
4.38%, 06/30/2050
|
303,731
|
|
|
390,000
|
4.85%, 05/07/2030
|
393,918
|
|
|
|
Athene Global Funding
|
|
|
|
1,665,000
|
2.50%, 03/24/2028(1)
|
1,585,545
|
|
|
1,280,000
|
5.58%, 01/09/2029(1)
|
1,291,769
|
|
|
1,960,000
|
Brighthouse Financial Global Funding 5.65%,
06/10/2029(1)
|
1,973,355
|
|
|
355,000
|
CNO Global Funding 4.88%, 12/10/2027(1)
|
355,828
|
|
|
1,005,000
|
Fortitude Global Funding 4.63%, 10/06/2028(1)
|
994,798
|
|
|
805,000
|
Liberty Mutual Group, Inc. 4.57%,
02/01/2029(1)
|
800,867
|
|
|
425,000
|
Lincoln Financial Global Funding 4.63%,
05/28/2028(1)
|
425,061
|
|
|
975,000
|
NLG Global Funding 4.35%, 09/15/2030(1)
|
957,621
|
|
|
215,000
|
Pricoa Global Funding I 4.70%, 05/28/2030(1)
|
215,563
|
|
|
|
Protective Life Global Funding
|
|
|
|
510,000
|
4.80%, 06/05/2030(1)
|
509,857
|
|
|
1,375,000
|
5.43%, 01/14/2032(1)
|
1,408,057
|
|
|
|
RGA Global Funding
|
|
|
|
1,645,000
|
4.35%, 08/25/2028(1)
|
1,636,177
|
|
|
370,000
|
5.00%, 08/25/2032(1)
|
366,004
|
|
|
1,220,000
|
5.25%, 01/09/2030(1)
|
1,239,598
|
|
|
1,010,000
|
5.45%, 05/24/2029(1)
|
1,034,580
|
|
|
2,090,000
|
Sammons Financial Group Global Funding
4.95%, 06/12/2030(1)
|
2,090,657
|
|
|
|
|
|
17,999,732
|
|
|
Internet - 0.2%
|
||
|
775,000
|
Alphabet, Inc. 5.75%, 02/15/2066
|
767,515
|
|
|
|
Amazon.com, Inc.
|
|
|
|
295,000
|
4.88%, 03/13/2036
|
292,311
|
|
|
330,000
|
5.65%, 03/13/2046
|
328,858
|
|
|
425,000
|
5.80%, 03/13/2056
|
424,658
|
|
|
730,000
|
5.95%, 03/13/2066
|
732,393
|
|
|
255,000
|
6.05%, 03/13/2076
|
253,506
|
|
|
110,000
|
Meta Platforms, Inc. 5.50%, 11/15/2045
|
104,095
|
|
|
|
|
|
2,903,336
|
|
|
Mining - 0.1%
|
||
|
1,765,000
|
Glencore Funding LLC 6.38%, 10/06/2030(1)
|
1,872,370
|
|
|
|
Oil & Gas - 0.2%
|
||
|
|
Diamondback Energy, Inc.
|
|
|
|
551,000
|
3.50%, 12/01/2029
|
531,664
|
|
|
1,550,000
|
5.75%, 04/18/2054
|
1,465,901
|
|
|
1,085,000
|
Saudi Arabian Oil Co. 6.38%, 06/02/2055(1)
|
1,077,902
|
|
|
|
|
|
3,075,467
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 10.4% - (continued)
|
|||
|
|
Pharmaceuticals - 0.0%
|
||
|
|
Novartis Capital Corp.
|
|
|
|
$ 140,000
|
5.60%, 03/18/2046
|
$140,233
|
|
|
95,000
|
5.70%, 03/18/2056
|
95,678
|
|
|
|
|
|
235,911
|
|
|
Pipelines - 0.6%
|
||
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
140,000
|
5.00%, 11/17/2032(1)
|
139,078
|
|
|
305,000
|
5.68%, 01/15/2034(1)
|
312,082
|
|
|
|
Columbia Pipelines Operating Co. LLC
|
|
|
|
1,179,000
|
6.50%, 08/15/2043(1)
|
1,231,011
|
|
|
419,000
|
6.54%, 11/15/2053(1)
|
439,546
|
|
|
|
Enbridge, Inc.
|
|
|
|
395,000
|
4.90%, 06/20/2030
|
399,134
|
|
|
400,000
|
5.55%, 06/20/2035
|
408,559
|
|
|
1,369,230
|
Galaxy Pipeline Assets Bidco Ltd. 2.16%,
03/31/2034(1)
|
1,214,695
|
|
|
100,000
|
Gray Oak Pipeline LLC 3.45%, 10/15/2027(1)
|
98,094
|
|
|
|
Greensaif Pipelines Bidco SARL
|
|
|
|
920,000
|
5.85%, 02/23/2036(1)
|
922,045
|
|
|
1,796,000
|
6.10%, 08/23/2042(1)
|
1,785,246
|
|
|
|
Whistler Pipeline LLC
|
|
|
|
1,454,000
|
5.40%, 09/30/2029(1)
|
1,489,394
|
|
|
995,000
|
5.70%, 09/30/2031(1)
|
1,022,044
|
|
|
|
|
|
9,460,928
|
|
|
Real Estate Investment Trusts - 1.0%
|
||
|
2,410,000
|
American Tower Trust I 5.49%, 03/15/2053(1)
|
2,436,731
|
|
|
|
Extra Space Storage LP
|
|
|
|
2,075,000
|
5.50%, 07/01/2030
|
2,128,526
|
|
|
935,000
|
5.90%, 01/15/2031
|
976,084
|
|
|
|
GLP Capital LP/GLP Financing II, Inc.
|
|
|
|
2,200,000
|
3.25%, 01/15/2032
|
1,961,239
|
|
|
939,000
|
6.75%, 12/01/2033
|
988,980
|
|
|
|
Healthpeak OP LLC
|
|
|
|
1,450,000
|
4.75%, 01/15/2033
|
1,418,389
|
|
|
1,175,000
|
5.38%, 02/15/2035
|
1,178,623
|
|
|
|
Kilroy Realty LP
|
|
|
|
756,000
|
2.65%, 11/15/2033
|
600,484
|
|
|
410,000
|
3.05%, 02/15/2030
|
373,849
|
|
|
1,583,000
|
5.88%, 10/15/2035
|
1,526,141
|
|
|
672,000
|
LXP Industrial Trust 6.75%, 11/15/2028
|
704,536
|
|
|
545,000
|
SBA Tower Trust 1.63%, 05/15/2051(1)
|
536,095
|
|
|
|
WEA Finance LLC
|
|
|
|
160,000
|
2.88%, 01/15/2027(1)
|
158,018
|
|
|
350,000
|
3.50%, 06/15/2029(1)
|
338,211
|
|
|
|
|
|
15,325,906
|
|
|
Semiconductors - 0.4%
|
||
|
|
Foundry JV Holdco LLC
|
|
|
|
305,000
|
5.90%, 01/25/2030(1)
|
315,644
|
|
|
1,314,000
|
5.90%, 01/25/2033(1)
|
1,350,939
|
|
|
1,411,000
|
6.20%, 01/25/2037(1)
|
1,458,109
|
|
|
400,000
|
6.25%, 01/25/2035(1)
|
418,954
|
|
|
1,007,000
|
6.30%, 01/25/2039(1)
|
1,048,892
|
|
|
200,000
|
6.40%, 01/25/2038(1)
|
208,478
|
|
|
1,936,000
|
Intel Corp. 4.60%, 03/25/2040
|
1,707,168
|
|
|
|
|
|
6,508,184
|
|
|
Software - 0.4%
|
||
|
|
Oracle Corp.
|
|
|
|
1,975,000
|
3.60%, 04/01/2050
|
1,192,363
|
|
|
282,000
|
3.95%, 03/25/2051
|
178,691
|
|
|
55,000
|
4.00%, 07/15/2046
|
37,039
|
|
|
55,000
|
4.00%, 11/15/2047
|
36,399
|
|
|
525,000
|
4.55%, 02/04/2029
|
518,365
|
|
|
|
3
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 10.4% - (continued)
|
|||
|
|
Software - 0.4% - (continued)
|
||
|
$ 155,000
|
5.38%, 09/27/2054
|
$119,896
|
|
|
179,000
|
5.55%, 02/06/2053
|
142,817
|
|
|
161,000
|
5.88%, 09/26/2045
|
138,901
|
|
|
155,000
|
6.00%, 08/03/2055
|
129,949
|
|
|
395,000
|
6.55%, 02/04/2046
|
368,518
|
|
|
490,000
|
6.85%, 02/04/2066
|
450,468
|
|
|
|
Salesforce, Inc.
|
|
|
|
1,375,000
|
4.65%, 03/15/2029
|
1,377,847
|
|
|
1,375,000
|
4.90%, 09/15/2031
|
1,373,053
|
|
|
|
|
|
6,064,306
|
|
|
Telecommunications - 0.4%
|
||
|
|
AT&T, Inc.
|
|
|
|
370,000
|
3.50%, 09/15/2053
|
242,623
|
|
|
185,000
|
3.55%, 09/15/2055
|
120,317
|
|
|
325,000
|
3.65%, 06/01/2051
|
223,123
|
|
|
410,000
|
3.65%, 09/15/2059
|
265,672
|
|
|
185,000
|
3.80%, 12/01/2057
|
124,925
|
|
|
267,000
|
4.35%, 06/15/2045
|
215,384
|
|
|
1,320,000
|
5.55%, 11/01/2045
|
1,249,643
|
|
|
1,371,000
|
5.85%, 04/30/2046
|
1,335,998
|
|
|
1,747,000
|
T-Mobile USA, Inc. 5.05%, 07/15/2033
|
1,759,099
|
|
|
|
|
|
5,536,784
|
|
|
Trucking & Leasing - 0.1%
|
||
|
775,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 5.25%, 02/01/2030(1)
|
786,626
|
|
|
|
Total Corporate Bonds
(cost $158,060,494)
|
$156,808,997
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 0.2%
|
|||
|
|
Israel - 0.1%
|
||
|
1,630,000
|
Israel Government International Bonds 5.38%,
03/12/2029
|
$1,653,742
|
|
|
|
Mexico - 0.0%
|
||
|
205,000
|
Mexico Government International Bonds
6.75%, 02/09/2056
|
198,973
|
|
|
|
Saudi Arabia - 0.1%
|
||
|
670,000
|
Saudi Government International Bonds 5.38%,
01/13/2031(1)
|
684,210
|
|
|
|
Total Foreign Government Obligations
(cost $2,491,108)
|
|
$2,536,925
|
|
MUNICIPAL BONDS - 0.6%
|
|||
|
|
Airport - 0.0%
|
||
|
60,000
|
Dallas Fort Worth International Airport, TX,
Rev 4.09%, 11/01/2051
|
$48,485
|
|
|
710,000
|
Port Auth of New York & New Jersey, NY, Rev
3.18%, 07/15/2060
|
457,776
|
|
|
|
|
|
506,261
|
|
|
General - 0.1%
|
||
|
162,830
|
Chicago Transit Auth Sales & Transfer Tax
Receipts, IL, Rev 6.90%, 12/01/2040
|
181,828
|
|
|
540,000
|
Kansas Dev Finance Auth, KS, Rev, (BAM)
2.77%, 05/01/2051
|
375,166
|
|
|
1,250,000
|
Philadelphia Auth for Industrial Dev, PA, Rev,
(NPFG) 6.55%, 10/15/2028
|
1,319,650
|
|
|
|
|
|
1,876,644
|
|
|
General Obligation - 0.3%
|
||
|
4,436,912
|
State of Illinois, IL, GO 5.10%, 06/01/2033
|
4,519,475
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
MUNICIPAL BONDS - 0.6% - (continued)
|
|||
|
|
Tobacco - 0.0%
|
||
|
$ 115,000
|
Golden State Tobacco Securitization Corp.,
CA, Rev, (ST APPROP) 3.00%, 06/01/2046
|
$105,171
|
|
|
|
Transportation - 0.1%
|
||
|
|
Metropolitan Transportation Auth, NY, Rev
|
|
|
|
375,000
|
6.67%, 11/15/2039
|
400,567
|
|
|
390,000
|
6.81%, 11/15/2040
|
425,589
|
|
|
|
|
|
826,156
|
|
|
Utility - Electric - 0.1%
|
||
|
250,000
|
Illinois Municipal Electric Agency, IL, Rev
6.83%, 02/01/2035
|
263,269
|
|
|
802,000
|
Municipal Electric Auth of Georgia, GA, Rev
6.64%, 04/01/2057
|
859,771
|
|
|
|
|
|
1,123,040
|
|
|
Total Municipal Bonds
(cost $9,597,979)
|
|
$8,956,747
|
|
U.S. GOVERNMENT AGENCIES - 0.8%
|
|||
|
|
Mortgage-Backed Agencies - 0.8%
|
||
|
|
Federal Home Loan Mortgage Corp. - 0.0%
|
||
|
106
|
6.41%, 04/01/2029, 1 yr. USD CMT +
2.28%(2)
|
$105
|
|
|
|
Federal National Mortgage Association - 0.8%
|
||
|
2,520,000
|
4.20%, 10/01/2030
|
2,515,885
|
|
|
2,270,000
|
4.34%, 08/01/2030
|
2,280,983
|
|
|
2,650,000
|
4.40%, 09/01/2030
|
2,662,764
|
|
|
2,310,000
|
4.47%, 05/01/2030
|
2,320,760
|
|
|
1,304,000
|
4.60%, 04/01/2030
|
1,319,812
|
|
|
|
|
|
11,100,204
|
|
|
Government National Mortgage Association - 0.0%
|
||
|
22,097
|
5.00%, 07/15/2037
|
22,556
|
|
|
256
|
6.00%, 03/15/2028
|
257
|
|
|
254
|
6.00%, 04/15/2028
|
258
|
|
|
4,020
|
6.00%, 05/15/2028
|
4,073
|
|
|
2,599
|
6.00%, 07/15/2028
|
2,668
|
|
|
961
|
6.00%, 08/15/2028
|
995
|
|
|
4,216
|
6.00%, 09/15/2028
|
4,293
|
|
|
14,540
|
6.00%, 10/15/2028
|
14,645
|
|
|
13,964
|
6.00%, 11/15/2028
|
14,212
|
|
|
10,220
|
6.00%, 12/15/2028
|
10,419
|
|
|
290
|
6.00%, 12/15/2031
|
295
|
|
|
4,120
|
6.00%, 09/15/2032
|
4,183
|
|
|
2,514
|
6.00%, 11/15/2032
|
2,557
|
|
|
1,163
|
6.00%, 04/15/2033
|
1,173
|
|
|
29,251
|
6.00%, 06/15/2033
|
29,791
|
|
|
7,919
|
6.00%, 10/15/2033
|
8,231
|
|
|
642
|
6.00%, 11/15/2033
|
674
|
|
|
14,430
|
6.00%, 10/15/2034
|
14,627
|
|
|
38,035
|
6.00%, 01/15/2035
|
39,163
|
|
|
3,872
|
6.00%, 06/15/2035
|
3,987
|
|
|
3,231
|
6.50%, 03/15/2028
|
3,319
|
|
|
6,001
|
6.50%, 04/15/2028
|
6,098
|
|
|
2,953
|
6.50%, 05/15/2028
|
3,041
|
|
|
8,450
|
6.50%, 06/15/2028
|
8,610
|
|
|
1,534
|
6.50%, 10/15/2028
|
1,576
|
|
|
345
|
6.50%, 02/15/2035
|
355
|
|
|
410
|
7.00%, 11/15/2031
|
417
|
|
|
237
|
7.00%, 03/15/2032
|
240
|
|
|
235,725
|
7.00%, 11/15/2032
|
246,282
|
|
|
18,356
|
7.00%, 01/15/2033
|
18,967
|
|
|
20,556
|
7.00%, 05/15/2033
|
21,082
|
|
|
2,327
|
7.00%, 07/15/2033
|
2,398
|
|
|
|
4
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 0.8% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 0.8% - (continued)
|
||
|
|
Government National Mortgage Association - 0.0% - (continued)
|
||
|
$ 24,079
|
7.00%, 11/15/2033
|
$24,695
|
|
|
7,326
|
7.50%, 09/16/2035
|
7,307
|
|
|
82
|
8.00%, 12/15/2026
|
83
|
|
|
216
|
8.00%, 07/15/2029
|
220
|
|
|
316
|
8.00%, 12/15/2029
|
323
|
|
|
1,777
|
8.00%, 01/15/2030
|
1,809
|
|
|
776
|
8.00%, 02/15/2030
|
785
|
|
|
341
|
8.00%, 03/15/2030
|
344
|
|
|
2,060
|
8.00%, 04/15/2030
|
2,082
|
|
|
1,768
|
8.00%, 05/15/2030
|
1,800
|
|
|
7,727
|
8.00%, 06/15/2030
|
7,876
|
|
|
515
|
8.00%, 07/15/2030
|
522
|
|
|
15,709
|
8.00%, 08/15/2030
|
16,022
|
|
|
7,183
|
8.00%, 09/15/2030
|
7,315
|
|
|
17,111
|
8.00%, 12/15/2030
|
17,443
|
|
|
|
|
|
580,068
|
|
|
Total U.S. Government Agencies
(cost $11,650,506)
|
|
$11,680,377
|
|
U.S. GOVERNMENT SECURITIES - 22.2%
|
|||
|
|
U.S. Treasury Securities - 22.2%
|
||
|
|
U.S. Treasury Bonds - 6.4%
|
||
|
2,781,200
|
2.38%, 05/15/2051
|
$1,739,880
|
|
|
2,226,400
|
2.50%, 02/15/2045
|
1,561,350
|
|
|
2,625,200
|
2.50%, 02/15/2046
|
1,811,183
|
|
|
2,041,900
|
2.75%, 11/15/2047
|
1,440,257
|
|
|
5,152,000
|
2.88%, 05/15/2052
|
3,572,992
|
|
|
400,000
|
3.25%, 05/15/2042
|
329,594
|
|
|
4,488,500
|
3.38%, 08/15/2042
|
3,749,125
|
|
|
4,012,200
|
3.63%, 02/15/2053
|
3,220,104
|
|
|
2,560,100
|
3.63%, 05/15/2053
|
2,052,780
|
|
|
5,250,000
|
3.88%, 02/15/2043
|
4,664,912
|
|
|
4,748,300
|
3.88%, 05/15/2043
|
4,208,366
|
|
|
5,140,000
|
4.00%, 11/15/2042
|
4,651,098
|
|
|
4,436,100
|
4.00%, 11/15/2052
|
3,811,407
|
|
|
3,288,900
|
4.13%, 08/15/2044
|
2,983,906
|
|
|
2,696,900
|
4.13%, 08/15/2053
|
2,365,055
|
|
|
1,499,700
|
4.25%, 02/15/2054
|
1,343,403
|
|
|
2,696,400
|
4.25%, 08/15/2054
|
2,414,963
|
|
|
6,600,000
|
4.38%, 11/15/2039
|
6,437,062
|
|
|
5,215,900
|
4.38%, 08/15/2043(5)
|
4,923,117
|
|
|
3,865,900
|
4.50%, 02/15/2044
|
3,696,918
|
|
|
2,720,600
|
4.50%, 11/15/2054
|
2,541,636
|
|
|
1,295,700
|
4.63%, 05/15/2044
|
1,256,576
|
|
|
3,720,800
|
4.63%, 11/15/2044
|
3,600,310
|
|
|
2,848,700
|
4.63%, 11/15/2045
|
2,747,660
|
|
|
1,560,000
|
4.63%, 02/15/2046
|
1,503,938
|
|
|
2,765,000
|
4.63%, 05/15/2054
|
2,636,363
|
|
|
1,329,600
|
4.63%, 02/15/2055
|
1,268,158
|
|
|
1,647,800
|
4.63%, 11/15/2055
|
1,574,421
|
|
|
3,964,000
|
4.75%, 11/15/2043
|
3,916,308
|
|
|
367,200
|
4.75%, 02/15/2045
|
360,803
|
|
|
3,955,400
|
4.75%, 11/15/2053
|
3,845,854
|
|
|
1,390,000
|
4.75%, 05/15/2055
|
1,353,458
|
|
|
2,301,800
|
4.75%, 08/15/2055
|
2,243,176
|
|
|
3,358,700
|
4.75%, 02/15/2056
|
3,275,782
|
|
|
299,400
|
4.88%, 08/15/2045
|
298,418
|
|
|
3,511,200
|
5.00%, 05/15/2045
|
3,556,873
|
|
|
|
|
|
96,957,206
|
|
|
U.S. Treasury Notes - 15.8%
|
||
|
590,000
|
2.63%, 07/31/2029
|
567,460
|
|
|
1,655,000
|
2.75%, 05/31/2029
|
1,601,342
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 22.2% - (continued)
|
|||
|
|
U.S. Treasury Securities - 22.2% - (continued)
|
||
|
|
U.S. Treasury Notes - 15.8% - (continued)
|
||
|
$ 326,000
|
3.25%, 06/30/2029
|
$320,079
|
|
|
2,799,600
|
3.38%, 11/30/2027
|
2,778,931
|
|
|
13,692,100
|
3.38%, 12/31/2027
|
13,586,735
|
|
|
5,844,100
|
3.38%, 02/29/2028
|
5,797,986
|
|
|
2,265,200
|
3.50%, 09/30/2027
|
2,254,139
|
|
|
12,028,400
|
3.50%, 10/31/2027
|
11,964,029
|
|
|
9,148,100
|
3.50%, 01/31/2028
|
9,095,927
|
|
|
2,465,500
|
3.50%, 01/15/2029
|
2,444,505
|
|
|
4,176,200
|
3.50%, 09/30/2029
|
4,125,955
|
|
|
635,000
|
3.50%, 04/30/2030
|
625,326
|
|
|
5,843,300
|
3.50%, 11/30/2030
|
5,735,792
|
|
|
15,109,000
|
3.50%, 02/28/2031
|
14,816,263
|
|
|
12,254,300
|
3.63%, 08/31/2027
|
12,217,920
|
|
|
5,466,100
|
3.63%, 08/31/2029
|
5,424,250
|
|
|
512,000
|
3.63%, 03/31/2030
|
506,700
|
|
|
6,285,100
|
3.63%, 08/31/2030
|
6,208,009
|
|
|
4,379,200
|
3.63%, 09/30/2030
|
4,324,631
|
|
|
5,858,100
|
3.63%, 10/31/2030
|
5,782,357
|
|
|
5,583,500
|
3.63%, 12/31/2030
|
5,507,599
|
|
|
4,919,400
|
3.75%, 06/30/2027
|
4,915,557
|
|
|
3,510,900
|
3.75%, 08/15/2027
|
3,506,511
|
|
|
3,749,200
|
3.75%, 05/15/2028
|
3,744,074
|
|
|
620,000
|
3.75%, 05/31/2030
|
616,222
|
|
|
758,000
|
3.75%, 12/31/2030
|
751,516
|
|
|
4,960,800
|
3.75%, 01/31/2031
|
4,918,556
|
|
|
1,559,900
|
3.75%, 08/31/2031
|
1,540,523
|
|
|
390,600
|
3.75%, 10/31/2032
|
382,468
|
|
|
867,200
|
3.75%, 11/30/2032
|
848,738
|
|
|
313,100
|
3.75%, 02/28/2033
|
305,957
|
|
|
8,590,100
|
3.88%, 07/31/2027
|
8,593,456
|
|
|
4,325,400
|
3.88%, 03/31/2028
|
4,331,821
|
|
|
685,000
|
3.88%, 11/30/2029
|
684,839
|
|
|
4,451,400
|
3.88%, 04/30/2030
|
4,446,531
|
|
|
5,772,100
|
3.88%, 06/30/2030
|
5,763,307
|
|
|
3,949,500
|
3.88%, 07/31/2030
|
3,942,866
|
|
|
2,332,600
|
3.88%, 08/31/2032
|
2,303,351
|
|
|
1,755,700
|
3.88%, 12/31/2032
|
1,730,256
|
|
|
4,968,700
|
4.00%, 07/31/2029
|
4,990,826
|
|
|
150,000
|
4.00%, 10/31/2029
|
150,598
|
|
|
1,488,300
|
4.00%, 02/28/2030
|
1,493,939
|
|
|
5,910,000
|
4.00%, 03/31/2030
|
5,931,239
|
|
|
3,432,700
|
4.00%, 05/31/2030
|
3,444,366
|
|
|
483,900
|
4.00%, 07/31/2030
|
485,431
|
|
|
891,300
|
4.00%, 06/30/2032
|
887,227
|
|
|
1,991,900
|
4.00%, 07/31/2032
|
1,981,863
|
|
|
3,454,200
|
4.00%, 01/31/2033
|
3,427,754
|
|
|
1,711,800
|
4.00%, 11/15/2035
|
1,669,807
|
|
|
2,706,700
|
4.13%, 03/31/2029
|
2,729,221
|
|
|
4,671,800
|
4.13%, 10/31/2029
|
4,710,123
|
|
|
4,018,100
|
4.13%, 11/30/2029
|
4,051,375
|
|
|
754,300
|
4.13%, 08/31/2030
|
760,105
|
|
|
1,589,200
|
4.13%, 10/31/2031
|
1,597,519
|
|
|
497,800
|
4.13%, 03/31/2032
|
499,550
|
|
|
1,790,400
|
4.13%, 05/31/2032
|
1,795,086
|
|
|
11,960,900
|
4.13%, 02/15/2036
|
11,774,011
|
|
|
2,347,800
|
4.25%, 06/30/2029
|
2,376,230
|
|
|
3,448,800
|
4.25%, 01/31/2030
|
3,492,449
|
|
|
4,392,000
|
4.38%, 12/31/2029
|
4,466,287
|
|
|
1,184,800
|
4.63%, 04/30/2029
|
1,211,643
|
|
|
1,733,700
|
4.63%, 04/30/2031
|
1,785,169
|
|
|
|
5
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 22.2% - (continued)
|
|||
|
|
U.S. Treasury Securities - 22.2% - (continued)
|
||
|
|
U.S. Treasury Notes - 15.8% - (continued)
|
||
|
$ 1,012,100
|
4.63%, 05/31/2031
|
$1,042,107
|
|
|
927,000
|
4.88%, 10/31/2030
|
963,102
|
|
|
|
|
|
236,729,511
|
|
|
Total U.S. Government Securities
(cost $341,098,968)
|
|
$333,686,717
|
|
COMMON STOCKS - 63.3%
|
|||
|
|
Automobiles & Components - 0.6%
|
||
|
429,899
|
Gentex Corp.
|
$9,393,293
|
|
|
|
Banks - 2.4%
|
||
|
77,866
|
JP Morgan Chase & Co.
|
22,905,062
|
|
|
62,933
|
M&T Bank Corp.
|
13,009,510
|
|
|
|
|
|
35,914,572
|
|
|
Capital Goods - 5.8%
|
||
|
75,132
|
3M Co.
|
10,911,420
|
|
|
91,805
|
Emerson Electric Co.
|
12,028,291
|
|
|
53,073
|
Ferguson Enterprises, Inc.
|
12,379,808
|
|
|
107,971
|
Johnson Controls International PLC
|
14,138,803
|
|
|
44,193
|
L3Harris Technologies, Inc.
|
15,253,214
|
|
|
66,592
|
Middleby Corp.*
|
8,828,767
|
|
|
119,452
|
PACCAR, Inc.
|
13,796,706
|
|
|
|
|
|
87,337,009
|
|
|
Commercial & Professional Services - 0.8%
|
||
|
58,265
|
Automatic Data Processing, Inc.
|
11,838,283
|
|
|
|
Consumer Discretionary Distribution & Retail - 1.8%
|
||
|
64,574
|
Dick's Sporting Goods, Inc.
|
12,804,379
|
|
|
235,635
|
Industria de Diseno Textil SA
|
13,716,031
|
|
|
|
|
|
26,520,410
|
|
|
Consumer Services - 0.9%
|
||
|
106,960
|
Airbnb, Inc. Class A*
|
13,506,909
|
|
|
|
Energy - 2.8%
|
||
|
285,004
|
Antero Resources Corp.*
|
12,095,570
|
|
|
63,174
|
Diamondback Energy, Inc.
|
12,495,185
|
|
|
70,999
|
Targa Resources Corp.
|
17,801,579
|
|
|
|
|
|
42,392,334
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.3%
|
||
|
142,180
|
Crown Castle, Inc. REIT
|
11,560,656
|
|
|
179,712
|
Gaming & Leisure Properties, Inc. REIT
|
7,973,821
|
|
|
|
|
|
19,534,477
|
|
|
Financial Services - 7.0%
|
||
|
102,734
|
Ares Management Corp. Class A
|
11,208,280
|
|
|
141,223
|
Block, Inc.*
|
8,498,800
|
|
|
76,249
|
Intercontinental Exchange, Inc.
|
11,992,443
|
|
|
132,202
|
KKR & Co., Inc.
|
12,228,685
|
|
|
36,511
|
LPL Financial Holdings, Inc.
|
10,983,604
|
|
|
77,569
|
Morgan Stanley
|
12,765,530
|
|
|
170,275
|
Nasdaq, Inc.
|
14,454,645
|
|
|
74,947
|
Raymond James Financial, Inc.
|
10,851,576
|
|
|
29,683
|
S&P Global, Inc.
|
12,625,367
|
|
|
|
|
|
105,608,930
|
|
|
Food, Beverage & Tobacco - 0.8%
|
||
|
472,092
|
Keurig Dr. Pepper, Inc.
|
12,430,182
|
|
|
|
Health Care Equipment & Services - 2.5%
|
||
|
66,883
|
Align Technology, Inc.*
|
11,465,752
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 63.3% - (continued)
|
|||
|
|
Health Care Equipment & Services - 2.5% - (continued)
|
||
|
43,597
|
Elevance Health, Inc.
|
$12,763,022
|
|
|
48,776
|
UnitedHealth Group, Inc.
|
13,198,298
|
|
|
|
|
|
37,427,072
|
|
|
Household & Personal Products - 0.8%
|
||
|
195,112
|
Unilever PLC ADR
|
11,115,531
|
|
|
|
Insurance - 1.6%
|
||
|
170,491
|
MetLife, Inc.
|
12,057,123
|
|
|
60,862
|
Progressive Corp.
|
12,065,283
|
|
|
|
|
|
24,122,406
|
|
|
Media & Entertainment - 4.0%
|
||
|
210,134
|
Alphabet, Inc. Class C
|
60,279,039
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 5.6%
|
||
|
50,518
|
AstraZeneca PLC
|
9,963,160
|
|
|
26,413
|
Eli Lilly & Co.
|
24,293,885
|
|
|
104,771
|
Gilead Sciences, Inc.
|
14,601,934
|
|
|
479,373
|
Pfizer, Inc.
|
13,460,794
|
|
|
21,348
|
Roche Holding AG
|
8,519,792
|
|
|
108,191
|
Zoetis, Inc.
|
12,789,258
|
|
|
|
|
|
83,628,823
|
|
|
Semiconductors & Semiconductor Equipment - 11.0%
|
||
|
81,178
|
Advanced Micro Devices, Inc.*
|
16,514,040
|
|
|
126,933
|
Broadcom, Inc.
|
39,287,033
|
|
|
491,923
|
NVIDIA Corp.
|
85,791,371
|
|
|
68,867
|
NXP Semiconductors NV
|
13,557,158
|
|
|
45,700
|
Onto Innovation, Inc.*
|
9,371,699
|
|
|
|
|
|
164,521,301
|
|
|
Software & Services - 7.3%
|
||
|
63,405
|
Accenture PLC Class A
|
12,572,577
|
|
|
182,027
|
Amdocs Ltd.
|
11,879,082
|
|
|
166,867
|
Microsoft Corp.
|
61,769,157
|
|
|
65,116
|
Salesforce, Inc.
|
12,155,204
|
|
|
27,708
|
Synopsys, Inc.*
|
10,985,668
|
|
|
|
|
|
109,361,688
|
|
|
Technology Hardware & Equipment - 3.7%
|
||
|
223,425
|
Cisco Systems, Inc.
|
17,335,546
|
|
|
78,975
|
Corning, Inc.
|
10,738,231
|
|
|
49,741
|
F5, Inc.*
|
14,391,563
|
|
|
128,905
|
NetApp, Inc.
|
13,198,583
|
|
|
|
|
|
55,663,923
|
|
|
Telecommunication Services - 1.0%
|
||
|
71,853
|
T-Mobile U.S., Inc.
|
15,091,286
|
|
|
|
Transportation - 0.7%
|
||
|
136,318
|
Uber Technologies, Inc.*
|
9,805,354
|
|
|
|
Utilities - 0.9%
|
||
|
143,145
|
Sempra
|
13,909,400
|
|
|
|
Total Common Stocks
(cost $627,986,560)
|
|
$949,402,222
|
|
|
Total Long-Term Investments
(cost $1,172,142,339)
|
|
$1,484,278,710
|
|
|
6
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.3%
|
|||
|
|
Repurchase Agreements - 0.3%
|
||
|
$ 4,773,939
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value
of $4,774,424; collateralized by
U.S. Treasury Note at 3.88%, maturing
11/30/2027, with a market value of
$4,869,519
|
$4,773,939
|
|
|
|
Securities Lending Collateral - 0.0%
|
||
|
466,400
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(6)
|
466,400
|
|
|
|
Total Short-Term Investments
(cost $5,240,339)
|
$5,240,339
|
|
|
|
Total Investments
(cost $1,177,382,678)
|
99.2
%
|
$1,489,519,049
|
|
|
Other Assets and Liabilities
|
0.8
%
|
11,470,911
|
|
|
Net Assets
|
100.0
%
|
$1,500,989,960
|
|
*
|
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, 2026, the aggregate value of these securities was
$80,607,727, representing 5.4% of net assets.
|
|
(2)
|
Variable or floating rate securities. Interest rate resets periodically. The rate
shown
is the effective interest rate as of period end. Security description also includes
the
reference rate and spread if published and available. Variable rate securities with
a
floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain
variable rate securities are not based on a published reference rate and spread but
are determined by the issuer or agent and are based on current market conditions;
these securities do not indicate a reference rate and spread in the description. For
fixed to variable securities, the rate remains fixed until designated date stated
in
security description.
|
|
(3)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(4)
|
Represents entire or partial securities on loan.
|
|
(5)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of March 31, 2026, the market value of securities pledged
was $94,387.
|
|
(6)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at March 31, 2026
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
U.S. Treasury 10-Year Note Future
|
42
|
06/18/2026
|
$4,663,969
|
$8,360
|
|
Total futures contracts
|
$8,360
|
|||
|
|
7
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset-Backed & Commercial Mortgage-Backed Securities
|
$21,206,725
|
$—
|
$21,206,725
|
$—
|
|
Corporate Bonds
|
156,808,997
|
—
|
156,808,997
|
—
|
|
Foreign Government Obligations
|
2,536,925
|
—
|
2,536,925
|
—
|
|
Municipal Bonds
|
8,956,747
|
—
|
8,956,747
|
—
|
|
U.S. Government Agencies
|
11,680,377
|
—
|
11,680,377
|
—
|
|
U.S. Government Securities
|
333,686,717
|
—
|
333,686,717
|
—
|
|
Common Stocks
|
949,402,222
|
927,166,399
|
22,235,823
|
—
|
|
Short-Term Investments
|
5,240,339
|
466,400
|
4,773,939
|
—
|
|
Futures Contracts(2)
|
8,360
|
8,360
|
—
|
—
|
|
Total
|
$1,489,527,409
|
$927,641,159
|
$561,886,250
|
$—
|
|
(1)
|
For the period ended March 31, 2026, 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 - 98.1%
|
|||
|
|
Automobiles & Components - 1.5%
|
||
|
139,447
|
Tesla, Inc.*
|
$51,839,422
|
|
|
|
Banks - 1.9%
|
||
|
634,806
|
KeyCorp
|
12,727,860
|
|
|
110,888
|
M&T Bank Corp.
|
22,922,768
|
|
|
363,502
|
Wells Fargo & Co.
|
28,938,394
|
|
|
|
|
|
64,589,022
|
|
|
Capital Goods - 7.3%
|
||
|
64,751
|
AMETEK, Inc.
|
13,880,024
|
|
|
10,915
|
Axon Enterprise, Inc.*
|
4,635,491
|
|
|
108,089
|
Builders FirstSource, Inc.*
|
8,898,967
|
|
|
12,003
|
Carpenter Technology Corp.
|
4,730,983
|
|
|
37,744
|
Deere & Co.
|
21,261,195
|
|
|
106,942
|
Dover Corp.
|
22,292,060
|
|
|
166,550
|
Emerson Electric Co.
|
21,821,381
|
|
|
132,740
|
Honeywell International, Inc.
|
30,003,222
|
|
|
65,192
|
Kratos Defense & Security Solutions, Inc.*
|
4,596,688
|
|
|
350,600
|
Mammoth, Inc.*(1)(2)
|
6,191,596
|
|
|
73,652
|
Northrop Grumman Corp.
|
50,248,341
|
|
|
156,846
|
PACCAR, Inc.
|
18,115,713
|
|
|
29,057
|
RTX Corp.
|
5,605,095
|
|
|
108,068
|
Vertiv Holdings Co. Class A
|
27,079,680
|
|
|
23,969
|
WESCO International, Inc.
|
6,558,398
|
|
|
|
|
|
245,918,834
|
|
|
Commercial & Professional Services - 1.0%
|
||
|
81,365
|
Booz Allen Hamilton Holding Corp.
|
6,348,911
|
|
|
29,654
|
CACI International, Inc. Class A*
|
16,127,921
|
|
|
173,502
|
TransUnion
|
12,004,603
|
|
|
|
|
|
34,481,435
|
|
|
Consumer Discretionary Distribution & Retail - 6.4%
|
||
|
669,160
|
Amazon.com, Inc.*
|
139,365,953
|
|
|
76,702
|
Dick's Sporting Goods, Inc.(3)
|
15,209,240
|
|
|
93,683
|
Home Depot, Inc.
|
30,811,402
|
|
|
154,181
|
TJX Cos., Inc.
|
24,622,706
|
|
|
115,140
|
Tory Burch LLC*(1)(2)
|
5,453,014
|
|
|
|
|
|
215,462,315
|
|
|
Consumer Durables & Apparel - 0.9%
|
||
|
11,817
|
Lululemon Athletica, Inc.*
|
1,809,183
|
|
|
550,392
|
NIKE, Inc. Class B
|
29,071,705
|
|
|
|
|
|
30,880,888
|
|
|
Consumer Services - 2.0%
|
||
|
128,588
|
Airbnb, Inc. Class A*
|
16,238,093
|
|
|
41,236
|
DoorDash, Inc. Class A*
|
6,191,585
|
|
|
94,590
|
Hyatt Hotels Corp. Class A(3)
|
13,601,096
|
|
|
22,963
|
Marriott International, Inc. Class A
|
7,510,508
|
|
|
78,779
|
McDonald's Corp.
|
24,483,726
|
|
|
|
|
|
68,025,008
|
|
|
Consumer Staples Distribution & Retail - 1.4%
|
||
|
637,316
|
Kroger Co.
|
46,116,186
|
|
|
|
Energy - 4.5%
|
||
|
187,438
|
ConocoPhillips
|
24,741,816
|
|
|
216,589
|
Exxon Mobil Corp.
|
36,746,490
|
|
|
597,048
|
SLB Ltd.
|
30,682,297
|
|
|
66,820
|
Targa Resources Corp.
|
16,753,778
|
|
|
121,464
|
Valero Energy Corp.
|
30,011,325
|
|
|
174,886
|
Williams Cos., Inc.
|
12,728,203
|
|
|
|
|
|
151,663,909
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.3%
|
||
|
47,058
|
AvalonBay Communities, Inc. REIT
|
7,686,924
|
|
|
118,251
|
Crown Castle, Inc. REIT
|
9,614,989
|
|
|
26,159
|
Equinix, Inc. REIT
|
25,642,098
|
|
|
170,614
|
Prologis, Inc. REIT
|
22,551,759
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.1% - (continued)
|
|||
|
|
Equity Real Estate Investment Trusts (REITs) - 2.3% - (continued)
|
||
|
308,583
|
UDR, Inc. REIT
|
$10,423,934
|
|
|
14,966
|
Welltower, Inc. REIT
|
2,958,928
|
|
|
|
|
|
78,878,632
|
|
|
Financial Services - 6.6%
|
||
|
426,065
|
Ally Financial, Inc.
|
16,714,530
|
|
|
41,146
|
American Express Co.
|
12,445,842
|
|
|
5,002
|
Blackrock, Inc.
|
4,810,474
|
|
|
226,042
|
KKR & Co., Inc.
|
20,908,885
|
|
|
62,176
|
Mastercard, Inc. Class A
|
31,066,860
|
|
|
142,483
|
Morgan Stanley
|
23,448,427
|
|
|
61,240
|
Morningstar, Inc.
|
10,352,622
|
|
|
171,353
|
Raymond James Financial, Inc.
|
24,810,201
|
|
|
50,754
|
S&P Global, Inc.
|
21,587,706
|
|
|
236,591
|
Tradeweb Markets, Inc. Class A
|
27,837,297
|
|
|
76,312
|
Visa, Inc. Class A
|
23,064,539
|
|
|
90,541
|
Voya Financial, Inc.
|
6,185,761
|
|
|
|
|
|
223,233,144
|
|
|
Food, Beverage & Tobacco - 2.6%
|
||
|
135,791
|
Archer-Daniels-Midland Co.
|
9,870,648
|
|
|
293,683
|
Coca-Cola Co.
|
22,334,592
|
|
|
84,083
|
Constellation Brands, Inc. Class A
|
12,612,450
|
|
|
535,864
|
Keurig Dr. Pepper, Inc.
|
14,109,299
|
|
|
71,326
|
Monster Beverage Corp.*
|
5,168,282
|
|
|
353,390
|
Tyson Foods, Inc. Class A
|
22,641,697
|
|
|
|
|
|
86,736,968
|
|
|
Health Care Equipment & Services - 3.3%
|
||
|
79,464
|
Becton Dickinson & Co.
|
12,494,125
|
|
|
59,306
|
Cardinal Health, Inc.
|
12,531,951
|
|
|
20,676
|
Cencora, Inc.
|
6,495,158
|
|
|
117,528
|
Centene Corp.*
|
3,847,867
|
|
|
195,212
|
Cooper Cos., Inc.*
|
13,957,658
|
|
|
42,220
|
Elevance Health, Inc.
|
12,359,905
|
|
|
3,555
|
Intuitive Surgical, Inc.*
|
1,638,819
|
|
|
67,834
|
Stryker Corp.
|
22,289,574
|
|
|
33,570
|
Tenet Healthcare Corp.*
|
6,334,995
|
|
|
62,653
|
UnitedHealth Group, Inc.
|
16,953,275
|
|
|
19,989
|
Veeva Systems, Inc. Class A*
|
3,511,268
|
|
|
|
|
|
112,414,595
|
|
|
Household & Personal Products - 0.7%
|
||
|
168,471
|
Procter & Gamble Co.
|
24,333,951
|
|
|
|
Insurance - 3.0%
|
||
|
191,906
|
Chubb Ltd.
|
62,547,923
|
|
|
36,123
|
Everest Group Ltd.
|
11,806,802
|
|
|
95,493
|
Marsh & McLennan Cos., Inc.
|
16,563,261
|
|
|
146,262
|
MetLife, Inc.
|
10,343,649
|
|
|
|
|
|
101,261,635
|
|
|
Materials - 2.8%
|
||
|
197,748
|
Freeport-McMoRan, Inc.
|
11,623,627
|
|
|
907,858
|
James Hardie Industries PLC ADR*
|
17,194,831
|
|
|
70,096
|
Linde PLC
|
34,750,793
|
|
|
103,151
|
PPG Industries, Inc.
|
11,024,779
|
|
|
68,844
|
Reliance, Inc.
|
20,923,068
|
|
|
|
|
|
95,517,098
|
|
|
Media & Entertainment - 10.5%
|
||
|
637,961
|
Alphabet, Inc. Class A
|
183,452,065
|
|
|
136,043
|
EchoStar Corp. Class A*
|
15,926,554
|
|
|
48,202
|
Live Nation Entertainment, Inc.*
|
7,351,287
|
|
|
143,118
|
Meta Platforms, Inc. Class A
|
81,882,101
|
|
|
344,190
|
Netflix, Inc.*
|
33,093,869
|
|
|
34,519
|
Reddit, Inc. Class A*
|
4,647,983
|
|
|
15,312
|
Spotify Technology SA*
|
7,424,942
|
|
|
232,434
|
Walt Disney Co.
|
22,401,989
|
|
|
|
|
|
356,180,790
|
|
|
9
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.1% - (continued)
|
|||
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 5.7%
|
||
|
90,790
|
AbbVie, Inc.
|
$19,745,917
|
|
|
120,810
|
Agilent Technologies, Inc.
|
13,769,924
|
|
|
59,798
|
Charles River Laboratories International, Inc.*
|
10,315,155
|
|
|
118,427
|
Danaher Corp.
|
22,453,759
|
|
|
71,769
|
Eli Lilly & Co.
|
66,010,973
|
|
|
14,301
|
Jazz Pharmaceuticals PLC*
|
2,703,604
|
|
|
293,648
|
Merck & Co., Inc.
|
35,322,918
|
|
|
32,479
|
Natera, Inc.*
|
6,495,475
|
|
|
80,396
|
Neurocrine Biosciences, Inc.*
|
10,591,369
|
|
|
21,933
|
Waters Corp.*
|
6,531,648
|
|
|
|
|
|
193,940,742
|
|
|
Semiconductors & Semiconductor Equipment - 14.9%
|
||
|
35,215
|
Advanced Micro Devices, Inc.*
|
7,163,787
|
|
|
37,605
|
Analog Devices, Inc.
|
11,963,655
|
|
|
10,581
|
ASML Holding NV
|
13,975,702
|
|
|
418,681
|
Broadcom, Inc.
|
129,585,956
|
|
|
7,804
|
KLA Corp.
|
11,490,688
|
|
|
97,659
|
Micron Technology, Inc.
|
32,993,117
|
|
|
1,422,017
|
NVIDIA Corp.
|
247,999,765
|
|
|
85,915
|
NXP Semiconductors NV
|
16,913,227
|
|
|
72,401
|
QUALCOMM, Inc.
|
9,323,801
|
|
|
127,780
|
Texas Instruments, Inc.
|
24,807,209
|
|
|
|
|
|
506,216,907
|
|
|
Software & Services - 7.3%
|
||
|
90,945
|
Accenture PLC Class A
|
18,033,484
|
|
|
21,451
|
AppLovin Corp. Class A*
|
8,537,498
|
|
|
49,140
|
Cloudflare, Inc. Class A*
|
10,139,548
|
|
|
25,774
|
Crowdstrike Holdings, Inc. Class A*
|
10,062,427
|
|
|
58,400
|
Dynatrace, Inc.*
|
2,159,632
|
|
|
430,751
|
Microsoft Corp.
|
159,451,098
|
|
|
156,985
|
Palantir Technologies, Inc. Class A*
|
22,963,766
|
|
|
31,532
|
Roper Technologies, Inc.
|
11,157,913
|
|
|
91,148
|
Trimble, Inc.*
|
5,945,584
|
|
|
|
|
|
248,450,950
|
|
|
Technology Hardware & Equipment - 7.9%
|
||
|
110,971
|
Amphenol Corp. Class A
|
14,021,186
|
|
|
788,396
|
Apple, Inc.
|
200,087,021
|
|
|
85,497
|
Arista Networks, Inc.*
|
10,497,321
|
|
|
150,409
|
Corning, Inc.
|
20,451,112
|
|
|
159,285
|
Flex Ltd.*
|
10,426,796
|
|
|
21,177
|
Sandisk Corp.*
|
13,454,595
|
|
|
|
|
|
268,938,031
|
|
|
Telecommunication Services - 0.6%
|
||
|
100,706
|
T-Mobile U.S., Inc.
|
21,151,281
|
|
|
|
Transportation - 0.5%
|
||
|
105,228
|
CH Robinson Worldwide, Inc.
|
17,475,214
|
|
|
|
Utilities - 2.5%
|
||
|
24,695
|
American Water Works Co., Inc.
|
3,360,743
|
|
|
187,794
|
Eversource Energy
|
13,010,368
|
|
|
899,142
|
Exelon Corp.
|
44,075,941
|
|
|
244,710
|
Sempra
|
23,778,471
|
|
|
|
|
|
84,225,523
|
|
|
Total Common Stocks
(cost $2,405,418,635)
|
|
$3,327,932,480
|
|
CONVERTIBLE PREFERRED STOCKS - 0.0%
|
|||
|
|
Software & Services - 0.0%
|
||
|
58
|
Magic Leap, Inc. Class A*(1)(2)(4)
|
$55
|
|
|
|
Total Convertible Preferred Stocks
(cost $679,566)
|
|
$55
|
|
|
Total Long-Term Investments
(cost $2,406,098,201)
|
|
$3,327,932,535
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.4%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 7,757,815
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value
of $7,758,604; collateralized by
U.S. Treasury Note at 0.63% - 3.88%,
maturing 11/30/2027, with total market
value of $7,912,990
|
$7,757,815
|
|
|
|
Securities Lending Collateral - 0.2%
|
||
|
4,719,523
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(5)
|
4,719,523
|
|
|
|
Total Short-Term Investments
(cost $12,477,338)
|
$12,477,338
|
|
|
|
Total Investments
(cost $2,418,575,539)
|
98.5
%
|
$3,340,409,873
|
|
|
Other Assets and Liabilities
|
1.5
%
|
52,015,746
|
|
|
Net Assets
|
100.0
%
|
$3,392,425,619
|
|
*
|
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 $11,644,665 or 0.3% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
12/2015
|
Magic Leap, Inc.
Class A
Convertible
Preferred
|
58
|
$679,566
|
$55
|
|
06/2015
|
Mammoth, Inc.
|
350,600
|
4,713,607
|
6,191,596
|
|
11/2013
|
Tory Burch LLC
|
115,140
|
9,024,247
|
5,453,014
|
|
|
|
|
$14,417,420
|
$11,644,665
|
|
(2)
|
Investment valued using significant unobservable inputs.
|
|
(3)
|
Represents entire or partial securities on loan.
|
|
(4)
|
Currently no rate available.
|
|
(5)
|
Current yield as of period end.
|
|
|
10
|
|
|
Futures Contracts Outstanding at March 31, 2026
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
S&P 500 (E-Mini) Future
|
166
|
06/18/2026
|
$54,537,225
|
$(673,937
)
|
|
Total futures contracts
|
$(673,937
)
|
|||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$3,327,932,480
|
$3,316,287,870
|
$—
|
$11,644,610
|
|
Convertible Preferred Stocks
|
55
|
—
|
—
|
55
|
|
Short-Term Investments
|
12,477,338
|
4,719,523
|
7,757,815
|
—
|
|
Total
|
$3,340,409,873
|
$3,321,007,393
|
$7,757,815
|
$11,644,665
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts(2)
|
$(673,937
)
|
$(673,937
)
|
$—
|
$—
|
|
Total
|
$(673,937
)
|
$(673,937
)
|
$—
|
$—
|
|
(1)
|
For the period ended March 31, 2026, 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 - 99.4%
|
|||
|
|
Automobiles & Components - 0.6%
|
||
|
43,664
|
Tesla, Inc.*
|
$16,232,092
|
|
|
|
Banks - 4.1%
|
||
|
394,233
|
Fifth Third Bancorp
|
18,316,065
|
|
|
203,797
|
JP Morgan Chase & Co.
|
59,948,926
|
|
|
443,615
|
Wells Fargo & Co.
|
35,316,190
|
|
|
|
|
|
113,581,181
|
|
|
Capital Goods - 8.0%
|
||
|
127,914
|
Builders FirstSource, Inc.*
|
10,531,160
|
|
|
4,783
|
Caterpillar, Inc.
|
3,388,564
|
|
|
83,909
|
Ferguson Enterprises, Inc.
|
19,572,613
|
|
|
50,880
|
FTAI Aviation Ltd.
|
12,465,600
|
|
|
11,090
|
GE Vernova, Inc.
|
9,680,461
|
|
|
116,511
|
General Electric Co.
|
33,062,327
|
|
|
101,514
|
ITT, Inc.
|
19,341,462
|
|
|
76,080
|
L3Harris Technologies, Inc.
|
26,259,012
|
|
|
25,751
|
Parker-Hannifin Corp.
|
23,053,325
|
|
|
190,934
|
RTX Corp.
|
36,831,169
|
|
|
66,054
|
Trane Technologies PLC
|
27,527,344
|
|
|
|
|
|
221,713,037
|
|
|
Commercial & Professional Services - 1.4%
|
||
|
126,803
|
Cintas Corp.
|
21,447,459
|
|
|
84,426
|
Republic Services, Inc.
|
18,490,983
|
|
|
|
|
|
39,938,442
|
|
|
Consumer Discretionary Distribution & Retail - 7.7%
|
||
|
644,805
|
Amazon.com, Inc.*
|
134,293,537
|
|
|
7,999
|
AutoZone, Inc.*
|
27,018,862
|
|
|
138,153
|
Lowe's Cos., Inc.
|
32,642,791
|
|
|
91,681
|
Pool Corp.
|
18,549,817
|
|
|
38,805
|
Tory Burch LLC*(1)(2)
|
1,837,806
|
|
|
|
|
|
214,342,813
|
|
|
Consumer Services - 0.8%
|
||
|
72,281
|
Marriott International, Inc. Class A
|
23,640,947
|
|
|
|
Consumer Staples Distribution & Retail - 3.8%
|
||
|
259,226
|
BJ's Wholesale Club Holdings, Inc.*
|
25,513,023
|
|
|
23,925
|
Casey's General Stores, Inc.
|
17,414,050
|
|
|
164,071
|
Performance Food Group Co.*
|
14,054,322
|
|
|
386,782
|
Walmart, Inc.
|
48,069,267
|
|
|
|
|
|
105,050,662
|
|
|
Energy - 4.1%
|
||
|
44,477
|
Diamondback Energy, Inc.
|
8,797,106
|
|
|
97,391
|
EOG Resources, Inc.
|
14,079,817
|
|
|
221,522
|
Exxon Mobil Corp.
|
37,583,422
|
|
|
68,472
|
Phillips 66
|
12,474,229
|
|
|
74,779
|
Targa Resources Corp.
|
18,749,339
|
|
|
296,713
|
Williams Cos., Inc.
|
21,594,772
|
|
|
|
|
|
113,278,685
|
|
|
Equity Real Estate Investment Trusts (REITs) - 2.1%
|
||
|
141,359
|
Simon Property Group, Inc. REIT
|
26,367,694
|
|
|
163,018
|
Welltower, Inc. REIT
|
32,230,289
|
|
|
|
|
|
58,597,983
|
|
|
Financial Services - 5.6%
|
||
|
4,114
|
American Express Co.
|
1,244,403
|
|
|
36,276
|
Goldman Sachs Group, Inc.
|
30,689,133
|
|
|
198,479
|
Intercontinental Exchange, Inc.
|
31,216,777
|
|
|
99,987
|
KKR & Co., Inc.
|
9,248,798
|
|
|
106,674
|
Mastercard, Inc. Class A
|
53,300,731
|
|
|
357,397
|
Nasdaq, Inc.
|
30,339,431
|
|
|
|
|
|
156,039,273
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Food, Beverage & Tobacco - 2.1%
|
||
|
230,145
|
Monster Beverage Corp.*
|
$16,676,307
|
|
|
248,104
|
Philip Morris International, Inc.
|
41,021,515
|
|
|
|
|
|
57,697,822
|
|
|
Health Care Equipment & Services - 2.9%
|
||
|
335,783
|
Abbott Laboratories
|
34,474,840
|
|
|
87,413
|
Cencora, Inc.
|
27,459,920
|
|
|
37,724
|
HCA Healthcare, Inc.
|
17,852,506
|
|
|
|
|
|
79,787,266
|
|
|
Insurance - 1.9%
|
||
|
123,953
|
Arthur J Gallagher & Co.
|
26,845,740
|
|
|
76,360
|
Chubb Ltd.
|
24,888,015
|
|
|
|
|
|
51,733,755
|
|
|
Materials - 2.1%
|
||
|
62,473
|
Linde PLC
|
30,971,615
|
|
|
86,688
|
Sherwin-Williams Co.
|
27,787,838
|
|
|
|
|
|
58,759,453
|
|
|
Media & Entertainment - 10.7%
|
||
|
603,811
|
Alphabet, Inc. Class A
|
173,631,891
|
|
|
73,567
|
EchoStar Corp. Class A*
|
8,612,489
|
|
|
134,278
|
Meta Platforms, Inc. Class A
|
76,824,472
|
|
|
412,913
|
Netflix, Inc.*
|
39,701,585
|
|
|
|
|
|
298,770,437
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.7%
|
||
|
65,502
|
Eli Lilly & Co.
|
60,246,775
|
|
|
232,726
|
Gilead Sciences, Inc.
|
32,435,023
|
|
|
208,689
|
Johnson & Johnson
|
51,011,939
|
|
|
26,500
|
United Therapeutics Corp.*
|
15,713,970
|
|
|
60,932
|
Vertex Pharmaceuticals, Inc.*
|
27,208,575
|
|
|
|
|
|
186,616,282
|
|
|
Semiconductors & Semiconductor Equipment - 14.0%
|
||
|
311,775
|
Broadcom, Inc.
|
96,497,480
|
|
|
22,975
|
KLA Corp.
|
33,828,620
|
|
|
49,548
|
Micron Technology, Inc.
|
16,739,296
|
|
|
1,305,097
|
NVIDIA Corp.
|
227,608,917
|
|
|
70,265
|
NXP Semiconductors NV
|
13,832,368
|
|
|
|
|
|
388,506,681
|
|
|
Software & Services - 7.9%
|
||
|
28,666
|
Cadence Design Systems, Inc.*
|
7,965,422
|
|
|
441,125
|
Microsoft Corp.
|
163,291,241
|
|
|
151,362
|
Oracle Corp.
|
22,266,864
|
|
|
59,158
|
Palantir Technologies, Inc. Class A*
|
8,653,632
|
|
|
255,426
|
Trimble, Inc.*
|
16,661,438
|
|
|
|
|
|
218,838,597
|
|
|
Technology Hardware & Equipment - 9.6%
|
||
|
823,409
|
Apple, Inc.
|
208,972,970
|
|
|
180,786
|
Cisco Systems, Inc.
|
14,027,186
|
|
|
190,911
|
Corning, Inc.
|
25,958,169
|
|
|
39,730
|
Motorola Solutions, Inc.
|
17,241,628
|
|
|
|
|
|
266,199,953
|
|
|
Telecommunication Services - 0.6%
|
||
|
79,980
|
T-Mobile U.S., Inc.
|
16,798,199
|
|
|
|
Utilities - 2.7%
|
||
|
133,401
|
Atmos Energy Corp.
|
24,641,832
|
|
|
423,540
|
Dominion Energy, Inc.
|
26,183,243
|
|
|
213,665
|
WEC Energy Group, Inc.
|
24,735,997
|
|
|
|
|
|
75,561,072
|
|
|
Total Common Stocks
(cost $1,607,445,353)
|
|
$2,761,684,632
|
|
|
12
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CONVERTIBLE PREFERRED STOCKS - 0.1%
|
|||
|
|
Health Care Equipment & Services - 0.1%
|
||
|
1,871,878
|
Lumeris Group Holdings Corp.*(1)(2)(3)
|
$1,441,346
|
|
|
|
Software & Services - 0.0%
|
||
|
287,204
|
Lookout, Inc. Series F*(1)(2)(3)
|
953,518
|
|
|
|
Total Convertible Preferred Stocks
(cost $6,240,761)
|
|
$2,394,864
|
|
|
Total Long-Term Investments
(cost $1,613,686,114)
|
|
$2,764,079,496
|
|
SHORT-TERM INVESTMENTS - 0.1%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 2,398,431
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value
of $2,398,675; collateralized by
U.S. Treasury Note at 3.38%, maturing
11/30/2027, with a market value of
$2,446,422
|
$2,398,431
|
|
|
|
Total Short-Term Investments
(cost $2,398,431)
|
$2,398,431
|
|
|
|
Total Investments
(cost $1,616,084,545)
|
99.6
%
|
$2,766,477,927
|
|
|
Other Assets and Liabilities
|
0.4
%
|
10,881,893
|
|
|
Net Assets
|
100.0
%
|
$2,777,359,820
|
|
*
|
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 $4,232,670 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
|
$953,518
|
|
05/2014
|
Lumeris Group
Holdings Corp.
Convertible
Preferred
|
1,871,878
|
2,960,001
|
1,441,346
|
|
11/2013
|
Tory Burch LLC
|
38,805
|
3,041,403
|
1,837,806
|
|
|
|
|
$9,282,164
|
$4,232,670
|
|
(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
|
$2,761,684,632
|
$2,759,846,826
|
$—
|
$1,837,806
|
|
Convertible Preferred Stocks
|
2,394,864
|
—
|
—
|
2,394,864
|
|
Short-Term Investments
|
2,398,431
|
—
|
2,398,431
|
—
|
|
Total
|
$2,766,477,927
|
$2,759,846,826
|
$2,398,431
|
$4,232,670
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
13
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4%
|
|||
|
|
Banks - 6.6%
|
||
|
1,583,361
|
Bank of America Corp.
|
$77,188,848
|
|
|
1,672,332
|
Huntington Bancshares, Inc.
|
26,171,996
|
|
|
1,314,970
|
Truist Financial Corp.
|
60,449,171
|
|
|
575,308
|
Wells Fargo & Co.
|
45,800,270
|
|
|
|
|
|
209,610,285
|
|
|
Capital Goods - 10.7%
|
||
|
148,255
|
Airbus SE
|
28,030,996
|
|
|
46,069
|
General Dynamics Corp.
|
15,811,802
|
|
|
115,723
|
Hubbell, Inc.
|
56,789,905
|
|
|
98,902
|
Lockheed Martin Corp.
|
59,775,380
|
|
|
554,876
|
Masco Corp.
|
33,497,864
|
|
|
490,817
|
Otis Worldwide Corp.
|
37,832,174
|
|
|
184,132
|
Vertiv Holdings Co. Class A
|
46,139,797
|
|
|
253,287
|
Westinghouse Air Brake Technologies Corp.
|
63,298,954
|
|
|
|
|
|
341,176,872
|
|
|
Consumer Discretionary Distribution & Retail - 5.3%
|
||
|
407,222
|
Amazon.com, Inc.*
|
84,812,126
|
|
|
269,522
|
Lowe's Cos., Inc.
|
63,682,658
|
|
|
120,020
|
TJX Cos., Inc.
|
19,167,194
|
|
|
|
|
|
167,661,978
|
|
|
Consumer Durables & Apparel - 1.1%
|
||
|
239,205
|
Tapestry, Inc.
|
33,754,218
|
|
|
|
Consumer Services - 0.4%
|
||
|
52,433
|
Expedia Group, Inc.
|
12,106,255
|
|
|
|
Consumer Staples Distribution & Retail - 1.3%
|
||
|
597,619
|
Sysco Corp.
|
42,628,163
|
|
|
|
Energy - 6.9%
|
||
|
361,135
|
ConocoPhillips
|
47,669,820
|
|
|
1,560,499
|
Coterra Energy, Inc.
|
54,835,935
|
|
|
315,880
|
EQT Corp.
|
20,102,603
|
|
|
327,543
|
TotalEnergies SE(1)
|
29,799,862
|
|
|
906,158
|
Williams Cos., Inc.
|
65,950,180
|
|
|
|
|
|
218,358,400
|
|
|
Equity Real Estate Investment Trusts (REITs) - 3.0%
|
||
|
124,827
|
Public Storage REIT
|
33,813,138
|
|
|
315,965
|
Welltower, Inc. REIT
|
62,469,440
|
|
|
|
|
|
96,282,578
|
|
|
Financial Services - 7.7%
|
||
|
49,307
|
American Express Co.
|
14,914,381
|
|
|
47,683
|
Blackrock, Inc.
|
45,857,218
|
|
|
413,300
|
Intercontinental Exchange, Inc.
|
65,003,824
|
|
|
90,234
|
Morgan Stanley
|
14,849,809
|
|
|
137,708
|
S&P Global, Inc.
|
58,572,721
|
|
|
156,041
|
Visa, Inc. Class A
|
47,161,832
|
|
|
|
|
|
246,359,785
|
|
|
Food, Beverage & Tobacco - 3.8%
|
||
|
862,350
|
General Mills, Inc.
|
32,096,667
|
|
|
542,149
|
Philip Morris International, Inc.
|
89,638,916
|
|
|
|
|
|
121,735,583
|
|
|
Health Care Equipment & Services - 4.4%
|
||
|
76,027
|
HCA Healthcare, Inc.
|
35,979,018
|
|
|
95,329
|
Humana, Inc.
|
16,529,095
|
|
|
122,111
|
Labcorp Holdings, Inc.
|
32,580,436
|
|
|
202,339
|
UnitedHealth Group, Inc.
|
54,750,910
|
|
|
|
|
|
139,839,459
|
|
|
Household & Personal Products - 1.9%
|
||
|
1,063,364
|
Unilever PLC ADR
|
60,579,847
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.4% - (continued)
|
|||
|
|
Insurance - 3.0%
|
||
|
567,067
|
American International Group, Inc.
|
$42,671,792
|
|
|
309,176
|
Marsh & McLennan Cos., Inc.
|
53,626,577
|
|
|
|
|
|
96,298,369
|
|
|
Materials - 2.8%
|
||
|
757,043
|
Amcor PLC
|
30,092,459
|
|
|
152,392
|
Avery Dennison Corp.
|
26,315,051
|
|
|
459,896
|
BHP Group Ltd. ADR
|
33,452,835
|
|
|
|
|
|
89,860,345
|
|
|
Media & Entertainment - 7.3%
|
||
|
527,210
|
Alphabet, Inc. Class A
|
151,604,508
|
|
|
311,690
|
Omnicom Group, Inc.
|
23,473,374
|
|
|
255,302
|
Publicis Groupe SA
|
21,131,215
|
|
|
378,256
|
Walt Disney Co.
|
36,456,313
|
|
|
|
|
|
232,665,410
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 8.9%
|
||
|
186,953
|
AbbVie, Inc.
|
40,660,408
|
|
|
117,930
|
AstraZeneca PLC
|
23,258,155
|
|
|
241,718
|
Danaher Corp.
|
45,829,733
|
|
|
353,098
|
Gilead Sciences, Inc.
|
49,211,268
|
|
|
660,430
|
Merck & Co., Inc.
|
79,443,125
|
|
|
1,581,217
|
Pfizer, Inc.
|
44,400,573
|
|
|
|
|
|
282,803,262
|
|
|
Semiconductors & Semiconductor Equipment - 6.6%
|
||
|
126,248
|
Broadcom, Inc.
|
39,075,019
|
|
|
71,208
|
Micron Technology, Inc.
|
24,056,911
|
|
|
346,741
|
NXP Semiconductors NV
|
68,259,433
|
|
|
331,659
|
QUALCOMM, Inc.
|
42,711,046
|
|
|
111,702
|
Taiwan Semiconductor Manufacturing Co. Ltd.
ADR
|
37,749,691
|
|
|
|
|
|
211,852,100
|
|
|
Software & Services - 6.1%
|
||
|
599,761
|
Cognizant Technology Solutions Corp. Class A
|
36,795,337
|
|
|
253,077
|
Microsoft Corp.
|
93,681,513
|
|
|
94,164
|
Roper Technologies, Inc.
|
33,320,873
|
|
|
164,267
|
Salesforce, Inc.
|
30,663,721
|
|
|
|
|
|
194,461,444
|
|
|
Technology Hardware & Equipment - 4.7%
|
||
|
76,105
|
Apple, Inc.
|
19,314,688
|
|
|
1,218,923
|
Cisco Systems, Inc.
|
94,576,235
|
|
|
126,505
|
Dell Technologies, Inc. Class C
|
20,763,266
|
|
|
91,945
|
TD SYNNEX Corp.
|
15,512,041
|
|
|
|
|
|
150,166,230
|
|
|
Transportation - 1.8%
|
||
|
533,841
|
Delta Air Lines, Inc.
|
35,489,749
|
|
|
108,573
|
JB Hunt Transport Services, Inc.
|
23,006,619
|
|
|
|
|
|
58,496,368
|
|
|
Utilities - 5.1%
|
||
|
346,500
|
Duke Energy Corp.
|
45,370,710
|
|
|
1,156,802
|
Exelon Corp.
|
56,706,434
|
|
|
619,860
|
Sempra
|
60,231,796
|
|
|
|
|
|
162,308,940
|
|
|
Total Common Stocks
(cost $2,306,940,553)
|
|
$3,169,005,891
|
|
|
14
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 0.9%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 3,544,588
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value
of $3,544,948; collateralized by
U.S. Treasury Note at 3.88%, maturing
09/30/2032, with a market value of
$3,615,496
|
$3,544,588
|
|
|
|
Securities Lending Collateral - 0.8%
|
||
|
25,944,117
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(2)
|
25,944,117
|
|
|
|
Total Short-Term Investments
(cost $29,488,705)
|
$29,488,705
|
|
|
|
Total Investments
(cost $2,336,429,258)
|
100.3
%
|
$3,198,494,596
|
|
|
Other Assets and Liabilities
|
(0.3
)%
|
(8,357,636
)
|
|
|
Net Assets
|
100.0
%
|
$3,190,136,960
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(2)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$3,169,005,891
|
$3,119,843,680
|
$49,162,211
|
$—
|
|
Short-Term Investments
|
29,488,705
|
25,944,117
|
3,544,588
|
—
|
|
Total
|
$3,198,494,596
|
$3,145,787,797
|
$52,706,799
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
15
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.3%
|
|||
|
|
Biotechnology - 25.7%
|
||
|
15,306
|
AbbVie, Inc.
|
$3,328,902
|
|
|
6,933
|
Aktis Oncology, Inc.*
|
124,031
|
|
|
2,464
|
Alnylam Pharmaceuticals, Inc.*
|
815,264
|
|
|
6,243
|
Apogee Therapeutics, Inc.*
|
525,473
|
|
|
22,493
|
Arcus Biosciences, Inc.*
|
485,849
|
|
|
1,529
|
Argenx SE ADR*
|
1,116,552
|
|
|
3,460
|
Ascendis Pharma AS ADR*
|
791,406
|
|
|
5,763
|
Biogen, Inc.*
|
1,056,531
|
|
|
11,162
|
Celldex Therapeutics, Inc.*
|
354,059
|
|
|
1,875
|
CG oncology, Inc.*
|
126,900
|
|
|
4,000
|
Corvus Pharmaceuticals, Inc.*
|
58,520
|
|
|
10,815
|
Cytokinetics, Inc.*
|
712,817
|
|
|
6,126
|
Dianthus Therapeutics, Inc.*
|
514,094
|
|
|
9,537
|
Disc Medicine, Inc.*(1)
|
609,796
|
|
|
2,100
|
Eikon Therapeutics, Inc.*
|
22,218
|
|
|
91,400
|
GenFleet Therapeutics Shanghai, Inc. Class H*(1)
|
389,556
|
|
|
12,125
|
Immunocore Holdings PLC ADR*
|
365,569
|
|
|
16,589
|
Immunome, Inc.*
|
362,801
|
|
|
8,743
|
Incyte Corp.*
|
822,891
|
|
|
11,237
|
Ionis Pharmaceuticals, Inc.*
|
843,786
|
|
|
5,448
|
Kymera Therapeutics, Inc.*
|
453,764
|
|
|
1,536
|
Madrigal Pharmaceuticals, Inc.*
|
804,050
|
|
|
14,421
|
Mineralys Therapeutics, Inc.*
|
390,665
|
|
|
5,399
|
Mirum Pharmaceuticals, Inc.*
|
498,760
|
|
|
1,916
|
Natera, Inc.*
|
383,181
|
|
|
7,683
|
Newamsterdam Pharma Co. NV*
|
245,933
|
|
|
4,103
|
Nuvalent, Inc. Class A*
|
420,352
|
|
|
6,317
|
Protagonist Therapeutics, Inc.*
|
665,812
|
|
|
7,369
|
PTC Therapeutics, Inc.*
|
502,050
|
|
|
2,529
|
Regeneron Pharmaceuticals, Inc.
|
1,954,006
|
|
|
6,612
|
Revolution Medicines, Inc.*
|
643,017
|
|
|
10,864
|
Scholar Rock Holding Corp.*
|
534,074
|
|
|
11,658
|
Soleno Therapeutics, Inc.*
|
390,310
|
|
|
10,840
|
Stoke Therapeutics, Inc.*
|
352,950
|
|
|
2,174
|
United Therapeutics Corp.*
|
1,289,138
|
|
|
6,840
|
Vaxcyte, Inc.*
|
397,472
|
|
|
5,853
|
Vertex Pharmaceuticals, Inc.*
|
2,613,599
|
|
|
24,390
|
Viridian Therapeutics, Inc.*
|
477,068
|
|
|
7,624
|
Xenon Pharmaceuticals, Inc.*
|
443,336
|
|
|
|
|
|
26,886,552
|
|
|
Health Care Distributors - 3.4%
|
||
|
6,868
|
Cardinal Health, Inc.
|
1,451,277
|
|
|
6,558
|
Cencora, Inc.
|
2,060,130
|
|
|
|
|
|
3,511,407
|
|
|
Health Care Equipment - 16.3%
|
||
|
29,323
|
Abbott Laboratories
|
3,010,592
|
|
|
38,506
|
Boston Scientific Corp.*
|
2,416,251
|
|
|
16,874
|
Dexcom, Inc.*
|
1,059,687
|
|
|
35,612
|
Edwards Lifesciences Corp.*
|
2,851,809
|
|
|
7,432
|
Inspire Medical Systems, Inc.*
|
383,343
|
|
|
8,008
|
Intuitive Surgical, Inc.*
|
3,691,608
|
|
|
17,484
|
Medtronic PLC
|
1,514,989
|
|
|
4,043
|
STERIS PLC
|
894,029
|
|
|
3,578
|
Stryker Corp.
|
1,175,695
|
|
|
|
|
|
16,998,003
|
|
|
Health Care Facilities - 2.9%
|
||
|
18,573
|
Acadia Healthcare Co., Inc.*(1)
|
434,423
|
|
|
6,943
|
Encompass Health Corp.
|
671,596
|
|
|
4,101
|
HCA Healthcare, Inc.
|
1,940,757
|
|
|
|
|
|
3,046,776
|
|
|
Health Care Services - 2.6%
|
||
|
30,494
|
CVS Health Corp.
|
2,190,079
|
|
|
20,393
|
Option Care Health, Inc.*
|
548,980
|
|
|
|
|
|
2,739,059
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.3% - (continued)
|
|||
|
|
Health Care Technology - 0.6%
|
||
|
24,312
|
HeartFlow, Inc.*
|
$591,511
|
|
|
|
Life Sciences Tools & Services - 8.3%
|
||
|
30,861
|
Adaptive Biotechnologies Corp.*
|
428,351
|
|
|
11,491
|
Agilent Technologies, Inc.
|
1,309,744
|
|
|
66,012
|
Avantor, Inc.*
|
517,534
|
|
|
12,008
|
Bio-Techne Corp.
|
627,538
|
|
|
15,625
|
Danaher Corp.
|
2,962,500
|
|
|
4,813
|
ICON PLC*
|
532,606
|
|
|
11,870
|
Qiagen NV
|
475,275
|
|
|
3,624
|
Thermo Fisher Scientific, Inc.
|
1,781,305
|
|
|
|
|
|
8,634,853
|
|
|
Managed Health Care - 6.3%
|
||
|
34,524
|
Alignment Healthcare, Inc.*
|
608,313
|
|
|
5,698
|
Elevance Health, Inc.
|
1,668,090
|
|
|
15,880
|
UnitedHealth Group, Inc.
|
4,296,969
|
|
|
|
|
|
6,573,372
|
|
|
Pharmaceuticals - 32.2%
|
||
|
2,167
|
AstraZeneca PLC
|
427,376
|
|
|
12,812
|
Bristol-Myers Squibb Co.
|
777,048
|
|
|
8,142
|
Crinetics Pharmaceuticals, Inc.*
|
295,717
|
|
|
31,004
|
Elanco Animal Health, Inc.*
|
741,926
|
|
|
13,705
|
Eli Lilly & Co.
|
12,605,448
|
|
|
3,695
|
Galderma Group AG*
|
726,192
|
|
|
51,586
|
GSK PLC
|
1,420,961
|
|
|
45,725
|
Jiangsu Hengrui Pharmaceuticals Co. Ltd.
Class H*(1)
|
380,728
|
|
|
25,836
|
Johnson & Johnson
|
6,315,352
|
|
|
58,295
|
Merck & Co., Inc.
|
7,012,306
|
|
|
15,548
|
Oculis Holding AG*
|
413,421
|
|
|
21,196
|
Pharvaris NV*
|
598,787
|
|
|
10,133
|
Structure Therapeutics, Inc. ADR*
|
488,411
|
|
|
28,925
|
Trevi Therapeutics, Inc.*
|
345,075
|
|
|
3,637
|
UCB SA
|
1,095,816
|
|
|
|
|
|
33,644,564
|
|
|
Total Common Stocks
(cost $72,865,055)
|
|
$102,626,097
|
|
RIGHTS - 0.0%
|
|||
|
|
Health Care Equipment - 0.0%
|
||
|
885
|
Abiomed, Inc. CVR*(2)(3)(4)
|
$903
|
|
|
|
Total Rights
(cost $903)
|
|
$903
|
|
|
Total Long-Term Investments
(cost $72,865,958)
|
|
$102,627,000
|
|
SHORT-TERM INVESTMENTS - 1.0%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 112,437
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%, due
on 04/01/2026 with a maturity value of
$112,448; collateralized by U.S. Treasury Note
at 3.38%, maturing 11/30/2027, with a market
value of $114,885
|
$112,437
|
|
|
|
16
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 1.0% - (continued)
|
|||
|
|
Securities Lending Collateral - 0.9%
|
||
|
904,596
|
State Street Navigator Securities Lending
Government Money Market Portfolio, 3.63%(5)
|
$904,596
|
|
|
|
Total Short-Term Investments
(cost $1,017,033)
|
$1,017,033
|
|
|
|
Total Investments
(cost $73,882,991)
|
99.3
%
|
$103,644,033
|
|
|
Other Assets and Liabilities
|
0.7
%
|
748,684
|
|
|
Net Assets
|
100.0
%
|
$104,392,717
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(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 $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
|
|
(3)
|
Investment valued using significant unobservable inputs.
|
|
(4)
|
Currently no expiration date available.
|
|
(5)
|
Current yield as of period end.
|
|
†
|
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
|
$102,626,097
|
$99,002,400
|
$3,623,697
|
$—
|
|
Rights
|
903
|
—
|
—
|
903
|
|
Short-Term Investments
|
1,017,033
|
904,596
|
112,437
|
—
|
|
Total
|
$103,644,033
|
$99,906,996
|
$3,736,134
|
$903
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
17
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 96.8%
|
|||
|
|
Australia - 1.2%
|
||
|
1,267,315
|
Glencore PLC*
|
$9,598,483
|
|
|
|
Belgium - 1.1%
|
||
|
71,747
|
KBC Group NV
|
8,781,256
|
|
|
|
Brazil - 1.9%
|
||
|
278,122
|
Cia de Saneamento Basico do Estado de Sao
Paulo SABESP
|
8,496,390
|
|
|
3,935
|
MercadoLibre, Inc.*
|
6,803,694
|
|
|
|
|
|
15,300,084
|
|
|
Canada - 5.6%
|
||
|
351,500
|
Cenovus Energy, Inc.
|
9,328,862
|
|
|
91,514
|
RB Global, Inc.
|
8,776,423
|
|
|
95,592
|
Royal Bank of Canada
|
15,453,044
|
|
|
96,192
|
Shopify, Inc. Class A*
|
11,413,595
|
|
|
|
|
|
44,971,924
|
|
|
Chile - 0.9%
|
||
|
289,913
|
Lundin Mining Corp.
|
7,229,589
|
|
|
|
China - 5.2%
|
||
|
1,047,874
|
ENN Energy Holdings Ltd.
|
8,532,222
|
|
|
40,992
|
Full Truck Alliance Co. Ltd. ADR
|
340,234
|
|
|
428,254
|
KE Holdings, Inc. ADR(1)
|
6,410,962
|
|
|
313,913
|
Tencent Holdings Ltd.
|
19,799,227
|
|
|
140,800
|
Trip.com Group Ltd.*
|
6,958,156
|
|
|
|
|
|
42,040,801
|
|
|
Finland - 1.0%
|
||
|
1,011,613
|
Nokia OYJ
|
8,115,176
|
|
|
|
France - 6.3%
|
||
|
168,506
|
Accor SA
|
8,082,082
|
|
|
106,996
|
Cie de Saint-Gobain SA
|
8,858,671
|
|
|
173,574
|
Klepierre SA REIT
|
6,516,346
|
|
|
687,656
|
Orange SA
|
14,099,050
|
|
|
171,575
|
Societe Generale SA
|
12,527,873
|
|
|
|
|
|
50,084,022
|
|
|
Germany - 11.4%
|
||
|
51,773
|
adidas AG
|
8,379,810
|
|
|
33,081
|
Allianz SE
|
13,970,715
|
|
|
294,075
|
Deutsche Telekom AG
|
10,975,839
|
|
|
585,704
|
E.ON SE
|
12,827,775
|
|
|
148,819
|
Infineon Technologies AG
|
6,751,341
|
|
|
4,551
|
Rheinmetall AG
|
7,676,563
|
|
|
51,909
|
SAP SE
|
8,849,580
|
|
|
49,131
|
Siemens AG
|
11,969,988
|
|
|
57,352
|
Siemens Energy AG
|
9,890,321
|
|
|
|
|
|
91,291,932
|
|
|
Hong Kong - 2.7%
|
||
|
1,256,285
|
AIA Group Ltd.
|
13,958,988
|
|
|
156,220
|
Hong Kong Exchanges & Clearing Ltd.
|
7,880,982
|
|
|
|
|
|
21,839,970
|
|
|
India - 1.2%
|
||
|
1,215,570
|
HDFC Bank Ltd.
|
9,521,609
|
|
|
|
Israel - 1.2%
|
||
|
324,489
|
Teva Pharmaceutical Industries Ltd. ADR*
|
9,773,609
|
|
|
|
Italy - 4.1%
|
||
|
20,676
|
Ferrari NV
|
7,015,447
|
|
|
116,040
|
Ryanair Holdings PLC ADR
|
6,707,112
|
|
|
2,060,014
|
Saipem SpA(1)
|
9,425,282
|
|
|
136,745
|
UniCredit SpA
|
9,810,604
|
|
|
|
|
|
32,958,445
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 96.8% - (continued)
|
|||
|
|
Japan - 12.3%
|
||
|
131,000
|
Chugai Pharmaceutical Co. Ltd.
|
$7,224,445
|
|
|
28,700
|
Hikari Tsushin, Inc.
|
7,301,599
|
|
|
712,005
|
ITOCHU Corp.
|
9,057,046
|
|
|
468,000
|
Kansai Electric Power Co., Inc.
|
7,781,000
|
|
|
295,000
|
Kawasaki Heavy Industries Ltd.
|
5,548,107
|
|
|
23,322
|
Keyence Corp.
|
8,300,466
|
|
|
781,226
|
Mitsui Fudosan Co. Ltd.
|
8,328,211
|
|
|
160,200
|
Nomura Research Institute Ltd.
|
4,384,295
|
|
|
1,137,600
|
Rakuten Group, Inc.*
|
5,317,764
|
|
|
714,544
|
Resona Holdings, Inc.
|
8,151,337
|
|
|
187,548
|
Shin-Etsu Chemical Co. Ltd.
|
7,636,725
|
|
|
88,404
|
SoftBank Group Corp.
|
2,152,615
|
|
|
455,200
|
Sony Group Corp.
|
9,487,605
|
|
|
238,300
|
Sumitomo Mitsui Trust Group, Inc.
|
7,591,433
|
|
|
|
|
|
98,262,648
|
|
|
Mexico - 1.0%
|
||
|
702,209
|
Cemex SAB de CV ADR
|
8,033,271
|
|
|
|
Netherlands - 3.4%
|
||
|
8,074
|
Argenx SE ADR*
|
5,896,038
|
|
|
16,230
|
ASML Holding NV
|
21,581,940
|
|
|
|
|
|
27,477,978
|
|
|
Singapore - 1.1%
|
||
|
2,356,744
|
Singapore Telecommunications Ltd.
|
9,055,235
|
|
|
|
South Africa - 1.6%
|
||
|
305,483
|
Anglo American PLC
|
13,116,093
|
|
|
|
South Korea - 5.2%
|
||
|
487,887
|
KT Corp. ADR
|
10,465,176
|
|
|
55,587
|
Samsung Electronics Co. Ltd.
|
6,501,528
|
|
|
121,445
|
Shinhan Financial Group Co. Ltd.
|
7,238,287
|
|
|
30,245
|
SK Hynix, Inc.
|
17,159,947
|
|
|
|
|
|
41,364,938
|
|
|
Switzerland - 2.4%
|
||
|
36,532
|
Galderma Group AG*
|
7,179,769
|
|
|
302,883
|
UBS Group AG
|
11,810,436
|
|
|
|
|
|
18,990,205
|
|
|
Taiwan - 6.7%
|
||
|
579,000
|
Quanta Computer, Inc.
|
5,210,396
|
|
|
842,806
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
48,743,284
|
|
|
|
|
|
53,953,680
|
|
|
United Kingdom - 12.3%
|
||
|
79,256
|
AstraZeneca PLC
|
15,497,714
|
|
|
319,781
|
BAE Systems PLC
|
9,375,500
|
|
|
1,034,244
|
Barratt Redrow PLC
|
3,597,187
|
|
|
210,357
|
British American Tobacco PLC
|
12,213,075
|
|
|
310,209
|
Imperial Brands PLC
|
12,578,293
|
|
|
7,638,019
|
Lloyds Banking Group PLC
|
9,466,821
|
|
|
80,747
|
London Stock Exchange Group PLC
|
9,535,229
|
|
|
103,499
|
Reckitt Benckiser Group PLC
|
6,959,308
|
|
|
373,058
|
Standard Chartered PLC
|
7,774,476
|
|
|
208,923
|
Unilever PLC
|
11,469,742
|
|
|
|
|
|
98,467,345
|
|
|
United States - 7.0%
|
||
|
147,462
|
GFL Environmental, Inc.
|
6,152,114
|
|
|
392,586
|
GSK PLC
|
10,813,970
|
|
|
1,661,647
|
Haleon PLC
|
8,223,480
|
|
|
|
18
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 96.8% - (continued)
|
|||
|
|
United States - 7.0% - (continued)
|
||
|
461,842
|
Shell PLC
|
$21,596,233
|
|
|
18,470
|
Spotify Technology SA*
|
8,956,288
|
|
|
|
|
|
55,742,085
|
|
|
Total Common Stocks
(cost $561,064,367)
|
|
$775,970,378
|
|
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 $561,064,367)
|
|
$775,970,378
|
|
SHORT-TERM INVESTMENTS - 0.6%
|
|||
|
|
Repurchase Agreements - 0.6%
|
||
|
$ 4,638,073
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%, due
on 04/01/2026 with a maturity value of
$4,638,545; collateralized by U.S. Treasury
Note at 3.88%, maturing 11/30/2027, with a
market value of $4,730,935
|
$4,638,073
|
|
|
|
Securities Lending Collateral - 0.0%
|
||
|
122,450
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(4)
|
122,450
|
|
|
|
Total Short-Term Investments
(cost $4,760,523)
|
$4,760,523
|
|
|
|
Total Investments
(cost $565,824,890)
|
97.4
%
|
$780,730,901
|
|
|
Other Assets and Liabilities
|
2.6
%
|
20,823,142
|
|
|
Net Assets
|
100.0
%
|
$801,554,043
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(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.
|
|
(4)
|
Current yield as of period end.
|
|
†
|
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
|
$775,970,378
|
$139,291,636
|
$636,678,742
|
$—
|
|
Warrants
|
—
|
—
|
—
|
—
|
|
Short-Term Investments
|
4,760,523
|
122,450
|
4,638,073
|
—
|
|
Total
|
$780,730,901
|
$139,414,086
|
$641,316,815
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
19
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.7%
|
|||
|
|
Capital Goods - 23.8%
|
||
|
45,116
|
Acuity, Inc.
|
$12,642,405
|
|
|
35,571
|
Axon Enterprise, Inc.*
|
15,106,648
|
|
|
60,242
|
Builders FirstSource, Inc.*
|
4,959,724
|
|
|
11,417
|
Carpenter Technology Corp.
|
4,500,011
|
|
|
13,205
|
EMCOR Group, Inc.
|
9,749,383
|
|
|
473,989
|
Fastenal Co.
|
21,993,090
|
|
|
53,781
|
FTAI Aviation Ltd.
|
13,176,345
|
|
|
105,586
|
Graco, Inc.
|
8,937,855
|
|
|
46,399
|
HEICO Corp. Class A
|
9,794,365
|
|
|
103,109
|
Howmet Aerospace, Inc.
|
23,762,500
|
|
|
80,955
|
Ingersoll Rand, Inc.
|
6,486,115
|
|
|
94,966
|
Vertiv Holdings Co. Class A
|
23,796,580
|
|
|
|
|
|
154,905,021
|
|
|
Commercial & Professional Services - 6.5%
|
||
|
44,233
|
Clean Harbors, Inc.*
|
12,682,928
|
|
|
419,585
|
Rollins, Inc.
|
22,410,035
|
|
|
37,957
|
Verisk Analytics, Inc.
|
7,202,341
|
|
|
|
|
|
42,295,304
|
|
|
Consumer Discretionary Distribution & Retail - 4.8%
|
||
|
47,676
|
Carvana Co.*
|
14,988,381
|
|
|
138,370
|
O'Reilly Automotive, Inc.*
|
12,772,934
|
|
|
17,536
|
Pool Corp.
|
3,548,059
|
|
|
|
|
|
31,309,374
|
|
|
Consumer Durables & Apparel - 3.0%
|
||
|
145,166
|
Deckers Outdoor Corp.*
|
14,529,665
|
|
|
759
|
NVR, Inc.*
|
5,001,681
|
|
|
|
|
|
19,531,346
|
|
|
Consumer Services - 8.8%
|
||
|
164,310
|
Compass Group PLC ADR
|
4,567,818
|
|
|
49,703
|
DoorDash, Inc. Class A*
|
7,462,905
|
|
|
115,332
|
Hyatt Hotels Corp. Class A(1)
|
16,583,588
|
|
|
81,861
|
Royal Caribbean Cruises Ltd.
|
22,526,510
|
|
|
38,547
|
Texas Roadhouse, Inc.
|
6,365,652
|
|
|
|
|
|
57,506,473
|
|
|
Consumer Staples Distribution & Retail - 2.7%
|
||
|
24,482
|
Casey's General Stores, Inc.
|
17,819,469
|
|
|
|
Energy - 2.3%
|
||
|
60,718
|
Targa Resources Corp.
|
15,223,824
|
|
|
|
Equity Real Estate Investment Trusts (REITs) - 0.8%
|
||
|
41,377
|
Lamar Advertising Co. Class A, REIT
|
5,240,811
|
|
|
|
Financial Services - 6.4%
|
||
|
322,392
|
Interactive Brokers Group, Inc. Class A
|
21,622,831
|
|
|
610,031
|
Rocket Cos., Inc. Class A*
|
8,692,942
|
|
|
96,471
|
Tradeweb Markets, Inc. Class A
|
11,350,778
|
|
|
|
|
|
41,666,551
|
|
|
Health Care Equipment & Services - 2.7%
|
||
|
15,866
|
IDEXX Laboratories, Inc.*
|
8,914,947
|
|
|
18,641
|
STERIS PLC
|
4,122,084
|
|
|
26,862
|
Veeva Systems, Inc. Class A*
|
4,718,579
|
|
|
|
|
|
17,755,610
|
|
|
Insurance - 1.2%
|
||
|
4,045
|
Markel Group, Inc.*
|
7,742,413
|
|
|
|
Media & Entertainment - 7.9%
|
||
|
31,283
|
EchoStar Corp. Class A*
|
3,662,301
|
|
|
80,791
|
Live Nation Entertainment, Inc.*
|
12,321,436
|
|
|
88,080
|
Reddit, Inc. Class A*
|
11,859,972
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.7% - (continued)
|
|||
|
|
Media & Entertainment - 7.9% - (continued)
|
||
|
220,488
|
ROBLOX Corp. Class A*
|
$12,470,801
|
|
|
55,906
|
Take-Two Interactive Software, Inc.*
|
11,041,435
|
|
|
|
|
|
51,355,945
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 5.6%
|
||
|
4,901
|
Mettler-Toledo International, Inc.*
|
6,181,141
|
|
|
98,102
|
Natera, Inc.*
|
19,619,419
|
|
|
83,997
|
Tempus AI, Inc. Class A*(1)
|
3,798,344
|
|
|
23,016
|
Waters Corp.*
|
6,854,165
|
|
|
|
|
|
36,453,069
|
|
|
Semiconductors & Semiconductor Equipment - 6.1%
|
||
|
75,324
|
MKS, Inc.
|
17,310,208
|
|
|
20,194
|
Monolithic Power Systems, Inc.
|
22,079,110
|
|
|
|
|
|
39,389,318
|
|
|
Software & Services - 8.7%
|
||
|
137,398
|
Cloudflare, Inc. Class A*
|
28,350,703
|
|
|
1,930
|
Constellation Software, Inc.
|
3,387,996
|
|
|
51,714
|
Datadog, Inc. Class A*
|
6,104,838
|
|
|
13,154
|
HubSpot, Inc.*
|
3,210,891
|
|
|
55,994
|
Procore Technologies, Inc.*
|
3,191,658
|
|
|
74,973
|
Trimble, Inc.*
|
4,890,489
|
|
|
348,103
|
Unity Software, Inc.*
|
7,637,380
|
|
|
|
|
|
56,773,955
|
|
|
Technology Hardware & Equipment - 7.3%
|
||
|
35,784
|
Amphenol Corp. Class A
|
4,521,308
|
|
|
43,645
|
Celestica, Inc.*
|
12,293,924
|
|
|
191,970
|
Flex Ltd.*
|
12,566,356
|
|
|
9,441
|
Lumentum Holdings, Inc.*
|
6,634,757
|
|
|
121,451
|
TTM Technologies, Inc.*
|
11,831,757
|
|
|
|
|
|
47,848,102
|
|
|
Telecommunication Services - 1.1%
|
||
|
84,746
|
AST SpaceMobile, Inc.*(1)
|
7,022,901
|
|
|
|
Total Common Stocks
(cost $571,276,593)
|
|
$649,839,486
|
|
SHORT-TERM INVESTMENTS - 1.4%
|
|||
|
|
Repurchase Agreements - 0.1%
|
||
|
$ 460,920
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%, due
on 04/01/2026 with a maturity value of
$460,967; collateralized by U.S. Treasury
Note at 3.38%, maturing 11/30/2027, with a
market value of $470,218
|
$460,920
|
|
|
|
Securities Lending Collateral - 1.3%
|
||
|
8,209,877
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(2)
|
8,209,877
|
|
|
|
Total Short-Term Investments
(cost $8,670,797)
|
$8,670,797
|
|
|
|
Total Investments
(cost $579,947,390)
|
101.1
%
|
$658,510,283
|
|
|
Other Assets and Liabilities
|
(1.1
)%
|
(6,854,790
)
|
|
|
Net Assets
|
100.0
%
|
$651,655,493
|
|
|
20
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(2)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$649,839,486
|
$649,839,486
|
$—
|
$—
|
|
Short-Term Investments
|
8,670,797
|
8,209,877
|
460,920
|
—
|
|
Total
|
$658,510,283
|
$658,049,363
|
$460,920
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
21
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5%
|
|||
|
|
Automobiles & Components - 1.4%
|
||
|
42,162
|
Dorman Products, Inc.*
|
$4,400,026
|
|
|
25,785
|
Patrick Industries, Inc.
|
2,863,940
|
|
|
|
|
|
7,263,966
|
|
|
Banks - 0.7%
|
||
|
41,189
|
Pinnacle Financial Partners, Inc.
|
3,548,020
|
|
|
|
Capital Goods - 19.7%
|
||
|
45,069
|
AAON, Inc.
|
3,729,460
|
|
|
17,073
|
AeroVironment, Inc.*
|
3,125,213
|
|
|
14,935
|
ATI, Inc.*
|
2,172,445
|
|
|
91,067
|
Atmus Filtration Technologies, Inc.
|
5,169,874
|
|
|
30,883
|
AZZ, Inc.
|
3,864,390
|
|
|
82,250
|
Bloom Energy Corp. Class A*
|
11,144,052
|
|
|
21,195
|
Boise Cascade Co.
|
1,607,641
|
|
|
25,163
|
DXP Enterprises, Inc.*
|
3,516,026
|
|
|
47,127
|
Eos Energy Enterprises, Inc.*(1)
|
233,750
|
|
|
14,500
|
EquipmentShare.com, Inc. Class A*
|
295,365
|
|
|
18,225
|
ESCO Technologies, Inc.
|
5,127,968
|
|
|
15,748
|
FTAI Aviation Ltd.
|
3,858,260
|
|
|
37,644
|
Griffon Corp.
|
2,735,966
|
|
|
371,094
|
Hillman Solutions Corp.*
|
3,087,502
|
|
|
41,300
|
Kratos Defense & Security Solutions, Inc.*
|
2,912,063
|
|
|
17,847
|
Loar Holdings, Inc.*
|
1,022,455
|
|
|
36,222
|
Mercury Systems, Inc.*
|
2,640,946
|
|
|
38,535
|
Modine Manufacturing Co.*
|
8,350,920
|
|
|
17,949
|
Moog, Inc. Class A
|
5,252,595
|
|
|
16,320
|
MYR Group, Inc.*
|
4,607,462
|
|
|
58,486
|
Nextpower, Inc. Class A*
|
7,050,487
|
|
|
40,980
|
Primoris Services Corp.
|
5,861,779
|
|
|
35,061
|
SPX Technologies, Inc.*
|
7,010,096
|
|
|
54,650
|
Terex Corp.
|
3,229,815
|
|
|
46,864
|
Transcat, Inc.*
|
3,442,161
|
|
|
11,703
|
WESCO International, Inc.
|
3,202,175
|
|
|
42,966
|
York Space Systems, Inc.*
|
952,556
|
|
|
|
|
|
105,203,422
|
|
|
Commercial & Professional Services - 3.3%
|
||
|
28,382
|
Casella Waste Systems, Inc. Class A*
|
2,251,828
|
|
|
64,071
|
CBIZ, Inc.*
|
1,720,306
|
|
|
12,942
|
Clean Harbors, Inc.*
|
3,710,860
|
|
|
57,625
|
Innodata, Inc.*
|
2,225,478
|
|
|
51,452
|
Planet Labs PBC*
|
1,438,083
|
|
|
178,311
|
Upwork, Inc.*
|
1,954,289
|
|
|
308,156
|
Verra Mobility Corp.*
|
4,403,549
|
|
|
|
|
|
17,704,393
|
|
|
Consumer Discretionary Distribution & Retail - 2.0%
|
||
|
13,566
|
Boot Barn Holdings, Inc.*
|
1,985,520
|
|
|
97,184
|
National Vision Holdings, Inc.*
|
2,517,066
|
|
|
30,274
|
Ollie's Bargain Outlet Holdings, Inc.*
|
2,786,419
|
|
|
13,697
|
Pool Corp.
|
2,771,314
|
|
|
5,959
|
RH*
|
833,187
|
|
|
|
|
|
10,893,506
|
|
|
Consumer Durables & Apparel - 1.7%
|
||
|
6,436
|
Installed Building Products, Inc.
|
1,706,505
|
|
|
52,412
|
Kontoor Brands, Inc.
|
3,684,039
|
|
|
27,179
|
Polaris, Inc.
|
1,481,256
|
|
|
47,619
|
Smith Douglas Homes Corp.*(1)
|
609,523
|
|
|
39,586
|
YETI Holdings, Inc.*
|
1,448,452
|
|
|
|
|
|
8,929,775
|
|
|
Consumer Services - 3.8%
|
||
|
30,113
|
Covista, Inc.*
|
3,470,523
|
|
|
178,045
|
Genius Sports Ltd.*
|
788,740
|
|
|
17,451
|
Hyatt Hotels Corp. Class A
|
2,509,279
|
|
|
145,778
|
Life Time Group Holdings, Inc.*
|
3,927,259
|
|
|
215,230
|
Navan, Inc. Class A*
|
2,849,645
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Consumer Services - 3.8% - (continued)
|
||
|
313,873
|
Super Group SGHC Ltd.
|
$3,389,829
|
|
|
97,377
|
Universal Technical Institute, Inc.*
|
3,515,310
|
|
|
|
|
|
20,450,585
|
|
|
Consumer Staples Distribution & Retail - 1.5%
|
||
|
40,714
|
BJ's Wholesale Club Holdings, Inc.*
|
4,007,072
|
|
|
70,974
|
Chefs' Warehouse, Inc.*
|
4,219,404
|
|
|
|
|
|
8,226,476
|
|
|
Energy - 2.8%
|
||
|
58,600
|
Cactus, Inc. Class A
|
2,775,882
|
|
|
19,908
|
Chord Energy Corp.
|
2,830,519
|
|
|
53,711
|
Energy Fuels, Inc.*(1)
|
980,226
|
|
|
6,630
|
Gulfport Energy Corp.*
|
1,402,709
|
|
|
38,076
|
Solaris Energy Infrastructure, Inc.
|
2,151,675
|
|
|
295,034
|
TETRA Technologies, Inc.*
|
2,513,690
|
|
|
157,352
|
Uranium Energy Corp.*
|
2,124,252
|
|
|
|
|
|
14,778,953
|
|
|
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
||
|
113,240
|
CareTrust, Inc. REIT
|
4,150,246
|
|
|
160,337
|
Urban Edge Properties REIT
|
3,203,533
|
|
|
|
|
|
7,353,779
|
|
|
Financial Services - 7.3%
|
||
|
20,816
|
Dave, Inc.*
|
3,623,857
|
|
|
8,582
|
Evercore, Inc. Class A
|
2,561,813
|
|
|
49,742
|
Figure Technology Solutions, Inc. Class A*
|
1,688,741
|
|
|
40,460
|
FirstCash Holdings, Inc.
|
7,606,480
|
|
|
133,826
|
Marex Group PLC
|
5,965,963
|
|
|
225,045
|
Perella Weinberg Partners
|
4,086,817
|
|
|
166,295
|
Remitly Global, Inc.*
|
2,605,843
|
|
|
11,440
|
Sezzle, Inc.*
|
724,038
|
|
|
46,833
|
StepStone Group, Inc. Class A
|
2,234,871
|
|
|
62,296
|
Stifel Financial Corp.
|
4,604,920
|
|
|
110,043
|
Wealthfront Corp.*
|
1,017,898
|
|
|
160,417
|
WisdomTree, Inc.
|
2,335,671
|
|
|
|
|
|
39,056,912
|
|
|
Food, Beverage & Tobacco - 1.6%
|
||
|
34,290
|
Freshpet, Inc.*
|
2,021,738
|
|
|
40,043
|
Turning Point Brands, Inc.
|
3,475,332
|
|
|
58,671
|
Vita Coco Co., Inc.*
|
2,810,928
|
|
|
|
|
|
8,307,998
|
|
|
Health Care Equipment & Services - 8.5%
|
||
|
88,141
|
Acadia Healthcare Co., Inc.*
|
2,061,618
|
|
|
219,321
|
Alignment Healthcare, Inc.*
|
3,864,436
|
|
|
86,443
|
AtriCure, Inc.*
|
2,466,219
|
|
|
46,505
|
Encompass Health Corp.
|
4,498,429
|
|
|
44,414
|
Ensign Group, Inc.
|
8,949,421
|
|
|
26,529
|
GeneDx Holdings Corp.*
|
1,703,692
|
|
|
40,811
|
Guardant Health, Inc.*
|
3,769,712
|
|
|
51,074
|
Guardian Pharmacy Services, Inc. Class A*
|
1,923,447
|
|
|
22,710
|
HealthEquity, Inc.*
|
1,897,875
|
|
|
20,568
|
Hims & Hers Health, Inc.*
|
426,992
|
|
|
20,427
|
IRhythm Holdings, Inc.*
|
2,410,794
|
|
|
24,539
|
Lantheus Holdings, Inc.*
|
1,861,283
|
|
|
63,984
|
Merit Medical Systems, Inc.*
|
4,410,417
|
|
|
54,498
|
RadNet, Inc.*
|
3,045,893
|
|
|
21,504
|
TransMedics Group, Inc.*
|
2,137,713
|
|
|
|
|
|
45,427,941
|
|
|
Insurance - 1.1%
|
||
|
90,391
|
SiriusPoint Ltd.*
|
1,947,022
|
|
|
1,791
|
White Mountains Insurance Group Ltd.
|
3,934,756
|
|
|
|
|
|
5,881,778
|
|
|
Materials - 2.1%
|
||
|
24,243
|
Cabot Corp.
|
1,825,740
|
|
|
20,792
|
Century Aluminum Co.*
|
1,220,283
|
|
|
|
22
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Materials - 2.1% - (continued)
|
||
|
120,079
|
Coeur Mining, Inc.*
|
$2,253,883
|
|
|
190,451
|
Ivanhoe Electric, Inc.*
|
2,251,131
|
|
|
188,380
|
James Hardie Industries PLC ADR*
|
3,567,917
|
|
|
|
|
|
11,118,954
|
|
|
Media & Entertainment - 1.6%
|
||
|
131,893
|
Cargurus, Inc.*
|
4,490,956
|
|
|
145,293
|
Magnite, Inc.*
|
1,726,081
|
|
|
248,891
|
MNTN, Inc. Class A*
|
2,190,241
|
|
|
|
|
|
8,407,278
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 16.5%
|
||
|
82,446
|
Alkermes PLC*
|
2,915,291
|
|
|
32,038
|
Apogee Therapeutics, Inc.*
|
2,696,638
|
|
|
29,376
|
Axsome Therapeutics, Inc.*
|
4,965,131
|
|
|
87,043
|
Bridgebio Pharma, Inc.*
|
6,463,813
|
|
|
59,939
|
Celldex Therapeutics, Inc.*
|
1,901,265
|
|
|
63,521
|
CG oncology, Inc.*
|
4,299,101
|
|
|
101,904
|
Cogent Biosciences, Inc.*
|
3,922,285
|
|
|
15,700
|
Corvus Pharmaceuticals, Inc.*
|
229,691
|
|
|
73,263
|
Crinetics Pharmaceuticals, Inc.*
|
2,660,912
|
|
|
35,322
|
Cytokinetics, Inc.*
|
2,328,073
|
|
|
8,800
|
Dianthus Therapeutics, Inc.*
|
738,496
|
|
|
41,208
|
Disc Medicine, Inc.*
|
2,634,840
|
|
|
38,032
|
Ionis Pharmaceuticals, Inc.*
|
2,855,823
|
|
|
74,279
|
Janux Therapeutics, Inc.*
|
1,032,478
|
|
|
34,970
|
Kymera Therapeutics, Inc.*
|
2,912,651
|
|
|
9,093
|
Madrigal Pharmaceuticals, Inc.*
|
4,759,913
|
|
|
40,271
|
Mirum Pharmaceuticals, Inc.*
|
3,720,235
|
|
|
31,956
|
Nuvalent, Inc. Class A*
|
3,273,892
|
|
|
46,786
|
Protagonist Therapeutics, Inc.*
|
4,931,244
|
|
|
51,757
|
PTC Therapeutics, Inc.*
|
3,526,204
|
|
|
20,428
|
Revolution Medicines, Inc.*
|
1,986,623
|
|
|
61,136
|
Scholar Rock Holding Corp.*
|
3,005,446
|
|
|
48,308
|
Soleno Therapeutics, Inc.*
|
1,617,352
|
|
|
53,502
|
Spyre Therapeutics, Inc.*
|
2,698,641
|
|
|
34,536
|
Structure Therapeutics, Inc. ADR*
|
1,664,635
|
|
|
69,528
|
Travere Therapeutics, Inc.*
|
2,065,677
|
|
|
30,525
|
Ultragenyx Pharmaceutical, Inc.*
|
639,499
|
|
|
28,953
|
Vaxcyte, Inc.*
|
1,682,459
|
|
|
102,836
|
Veracyte, Inc.*
|
3,312,348
|
|
|
51,616
|
Vericel Corp.*
|
1,660,487
|
|
|
80,400
|
Viridian Therapeutics, Inc.*
|
1,572,624
|
|
|
54,965
|
Xenon Pharmaceuticals, Inc.*
|
3,196,215
|
|
|
|
|
|
87,869,982
|
|
|
Semiconductors & Semiconductor Equipment - 5.9%
|
||
|
23,863
|
Cirrus Logic, Inc.*
|
3,451,067
|
|
|
66,944
|
Credo Technology Group Holding Ltd.*
|
6,284,033
|
|
|
12,953
|
MACOM Technology Solutions Holdings, Inc.*
|
2,876,473
|
|
|
19,964
|
MKS, Inc.
|
4,587,927
|
|
|
40,556
|
Power Integrations, Inc.
|
2,076,467
|
|
|
49,784
|
Rambus, Inc.*
|
4,282,918
|
|
|
102,217
|
Rigetti Computing, Inc.*
|
1,435,127
|
|
|
28,578
|
Semtech Corp.*
|
2,197,362
|
|
|
12,043
|
SiTime Corp.*
|
4,159,050
|
|
|
|
|
|
31,350,424
|
|
|
Software & Services - 6.5%
|
||
|
95,814
|
ACI Worldwide, Inc.*
|
3,929,332
|
|
|
23,987
|
Agilysys, Inc.*
|
1,706,435
|
|
|
21,312
|
Akamai Technologies, Inc.*
|
2,447,683
|
|
|
131,846
|
Applied Digital Corp.*(1)
|
3,130,024
|
|
|
55,013
|
Bill Holdings, Inc.*
|
2,106,998
|
|
|
26,689
|
Commvault Systems, Inc.*
|
2,078,806
|
|
|
33,321
|
DigitalOcean Holdings, Inc.*
|
2,858,275
|
|
|
253,166
|
Porch Group, Inc.*
|
1,815,200
|
|
|
66,158
|
Q2 Holdings, Inc.*
|
3,129,274
|
|
|
113,175
|
Riot Platforms, Inc.*
|
1,398,843
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Software & Services - 6.5% - (continued)
|
||
|
232,248
|
Terawulf, Inc.*(1)
|
$3,351,339
|
|
|
10,653
|
Tyler Technologies, Inc.*
|
3,647,374
|
|
|
190,781
|
Zeta Global Holdings Corp. Class A*
|
3,037,234
|
|
|
|
|
|
34,636,817
|
|
|
Technology Hardware & Equipment - 7.0%
|
||
|
10,139
|
Advanced Energy Industries, Inc.
|
3,271,957
|
|
|
12,735
|
Applied Optoelectronics, Inc.*
|
1,077,254
|
|
|
45,590
|
Benchmark Electronics, Inc.
|
2,555,775
|
|
|
6,780
|
Coherent Corp.*
|
1,615,064
|
|
|
10,887
|
Fabrinet*
|
5,677,788
|
|
|
22,642
|
Insight Enterprises, Inc.*
|
1,517,240
|
|
|
70,590
|
IonQ, Inc.*(1)
|
2,035,110
|
|
|
123,977
|
Mirion Technologies, Inc.*
|
2,304,732
|
|
|
93,340
|
Napco Security Technologies, Inc.
|
3,676,663
|
|
|
23,018
|
Novanta, Inc.*
|
2,718,656
|
|
|
30,957
|
Sanmina Corp.*
|
4,013,265
|
|
|
196,693
|
Viavi Solutions, Inc.*
|
6,545,943
|
|
|
|
|
|
37,009,447
|
|
|
Transportation - 1.4%
|
||
|
749,676
|
FTAI Infrastructure, Inc.(1)
|
3,703,399
|
|
|
17,983
|
Ryder System, Inc.
|
3,681,300
|
|
|
|
|
|
7,384,699
|
|
|
Utilities - 0.7%
|
||
|
30,459
|
Chesapeake Utilities Corp.
|
3,849,104
|
|
|
|
Total Common Stocks
(cost $426,351,461)
|
|
$524,654,209
|
|
EXCHANGE-TRADED FUNDS - 0.5%
|
|||
|
|
Other Investment Pools & Funds - 0.5%
|
||
|
8,527
|
iShares Russell 2000 Growth ETF (1)
|
$2,675,858
|
|
|
|
Total Exchange-Traded Funds
(cost $2,728,554)
|
|
$2,675,858
|
|
|
Total Long-Term Investments
(cost $429,080,015)
|
|
$527,330,067
|
|
SHORT-TERM INVESTMENTS - 0.9%
|
|||
|
|
Repurchase Agreements - 0.0%
|
||
|
$ 210,529
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%, due
on 04/01/2026 with a maturity value of
$210,550; collateralized by U.S. Treasury
Note at 3.38%, maturing 11/30/2027, with a
market value of $214,902
|
$210,529
|
|
|
|
Securities Lending Collateral - 0.9%
|
||
|
4,799,907
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(2)
|
4,799,907
|
|
|
|
Total Short-Term Investments
(cost $5,010,436)
|
$5,010,436
|
|
|
|
Total Investments
(cost $434,090,451)
|
99.9
%
|
$532,340,503
|
|
|
Other Assets and Liabilities
|
0.1
%
|
623,620
|
|
|
Net Assets
|
100.0
%
|
$532,964,123
|
|
|
23
|
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(2)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$524,654,209
|
$524,654,209
|
$—
|
$—
|
|
Exchange-Traded Funds
|
2,675,858
|
2,675,858
|
—
|
—
|
|
Short-Term Investments
|
5,010,436
|
4,799,907
|
210,529
|
—
|
|
Total
|
$532,340,503
|
$532,129,974
|
$210,529
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
24
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5%
|
|||
|
|
Automobiles & Components - 0.6%
|
||
|
26,092
|
Visteon Corp.
|
$2,377,242
|
|
|
|
Banks - 3.2%
|
||
|
401,874
|
Huntington Bancshares, Inc.
|
6,289,328
|
|
|
199,643
|
Seacoast Banking Corp. of Florida
|
6,047,187
|
|
|
|
|
|
12,336,515
|
|
|
Capital Goods - 22.2%
|
||
|
13,984
|
Acuity, Inc.
|
3,918,596
|
|
|
223,111
|
Ameresco, Inc. Class A*
|
5,689,331
|
|
|
24,242
|
Applied Industrial Technologies, Inc.
|
6,431,887
|
|
|
29,981
|
Bloom Energy Corp. Class A*
|
4,062,126
|
|
|
3,467
|
Comfort Systems USA, Inc.
|
4,780,958
|
|
|
11,499
|
Curtiss-Wright Corp.
|
7,832,199
|
|
|
40,631
|
DXP Enterprises, Inc.*
|
5,677,370
|
|
|
111,711
|
Kornit Digital Ltd.*
|
1,637,683
|
|
|
43,218
|
Kratos Defense & Security Solutions, Inc.*
|
3,047,301
|
|
|
25,411
|
Loar Holdings, Inc.*(1)
|
1,455,796
|
|
|
40,429
|
Modine Manufacturing Co.*
|
8,761,369
|
|
|
90,397
|
Nextpower, Inc. Class A*
|
10,897,358
|
|
|
62,730
|
Rush Enterprises, Inc. Class A
|
4,147,080
|
|
|
102,342
|
StandardAero, Inc.*
|
2,643,494
|
|
|
75,863
|
Voyager Technologies, Inc. Class A*(1)
|
1,774,436
|
|
|
122,943
|
Xometry, Inc. Class A*
|
5,020,992
|
|
|
192,462
|
Zurn Elkay Water Solutions Corp.
|
8,629,996
|
|
|
|
|
|
86,407,972
|
|
|
Commercial & Professional Services - 3.7%
|
||
|
60,122
|
Casella Waste Systems, Inc. Class A*
|
4,770,079
|
|
|
83,970
|
ExlService Holdings, Inc.*
|
2,556,887
|
|
|
35,574
|
TriNet Group, Inc.
|
1,295,961
|
|
|
393,011
|
Verra Mobility Corp.*
|
5,616,127
|
|
|
|
|
|
14,239,054
|
|
|
Consumer Discretionary Distribution & Retail - 3.9%
|
||
|
28,204
|
Boot Barn Holdings, Inc.*
|
4,127,937
|
|
|
27,802
|
Five Below, Inc.*
|
6,352,201
|
|
|
31,313
|
Ollie's Bargain Outlet Holdings, Inc.*
|
2,882,049
|
|
|
43,094
|
Tory Burch LLC*(2)(3)
|
2,040,933
|
|
|
|
|
|
15,403,120
|
|
|
Consumer Durables & Apparel - 1.5%
|
||
|
77,799
|
Champion Homes, Inc.*
|
5,785,912
|
|
|
|
Consumer Services - 2.5%
|
||
|
133,406
|
Genius Sports Ltd.*
|
590,989
|
|
|
184,344
|
Life Time Group Holdings, Inc.*
|
4,966,227
|
|
|
39,438
|
Stride, Inc.*
|
3,477,248
|
|
|
3,967
|
Wingstop, Inc.
|
614,766
|
|
|
|
|
|
9,649,230
|
|
|
Energy - 3.4%
|
||
|
53,372
|
Cactus, Inc. Class A
|
2,528,232
|
|
|
30,631
|
Chord Energy Corp.
|
4,355,115
|
|
|
22,300
|
Innovex International, Inc.*
|
543,897
|
|
|
121,529
|
Viper Energy, Inc. Class A
|
5,710,648
|
|
|
|
|
|
13,137,892
|
|
|
Equity Real Estate Investment Trusts (REITs) - 3.9%
|
||
|
173,185
|
American Healthcare, Inc. REIT
|
8,167,405
|
|
|
26,800
|
Janus Living, Inc. Class A REIT*
|
631,676
|
|
|
167,989
|
Phillips Edison & Co., Inc. REIT
|
6,286,148
|
|
|
|
|
|
15,085,229
|
|
|
Financial Services - 2.9%
|
||
|
7,303
|
Dave, Inc.*
|
1,271,379
|
|
|
148,488
|
HA Sustainable Infrastructure Capital, Inc.
|
5,456,934
|
|
|
33,040
|
PJT Partners, Inc. Class A
|
4,616,349
|
|
|
|
|
|
11,344,662
|
|
|
Food, Beverage & Tobacco - 1.7%
|
||
|
138,656
|
Vita Coco Co., Inc.*
|
6,643,009
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Health Care Equipment & Services - 9.8%
|
||
|
378,713
|
Alignment Healthcare, Inc.*
|
$6,672,923
|
|
|
25,503
|
Ensign Group, Inc.
|
5,138,855
|
|
|
36,611
|
GeneDx Holdings Corp.*
|
2,351,158
|
|
|
27,057
|
Glaukos Corp.*
|
2,912,957
|
|
|
112,527
|
Guardian Pharmacy Services, Inc. Class A*
|
4,237,767
|
|
|
25,398
|
HealthEquity, Inc.*
|
2,122,511
|
|
|
42,020
|
Hims & Hers Health, Inc.*(1)
|
872,335
|
|
|
79,660
|
Hinge Health, Inc. Class A*
|
3,071,690
|
|
|
12,361
|
Inspire Medical Systems, Inc.*
|
637,580
|
|
|
17,961
|
Lantheus Holdings, Inc.*
|
1,362,342
|
|
|
123,486
|
PACS Group, Inc.*
|
3,966,370
|
|
|
48,596
|
TransMedics Group, Inc.*
|
4,830,928
|
|
|
|
|
|
38,177,416
|
|
|
Insurance - 1.8%
|
||
|
331,024
|
SiriusPoint Ltd.*
|
7,130,257
|
|
|
|
Materials - 2.5%
|
||
|
52,802
|
Cabot Corp.
|
3,976,519
|
|
|
79,995
|
Coeur Mining, Inc.*
|
1,501,506
|
|
|
216,690
|
James Hardie Industries PLC ADR*
|
4,104,108
|
|
|
|
|
|
9,582,133
|
|
|
Media & Entertainment - 1.0%
|
||
|
115,986
|
Cargurus, Inc.*
|
3,949,323
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 18.4%
|
||
|
110,736
|
Adaptive Biotechnologies Corp.*
|
1,537,016
|
|
|
55,913
|
Apellis Pharmaceuticals, Inc.*
|
2,249,380
|
|
|
44,522
|
Apogee Therapeutics, Inc.*
|
3,747,417
|
|
|
18,354
|
Axsome Therapeutics, Inc.*
|
3,102,193
|
|
|
29,763
|
Bridgebio Pharma, Inc.*
|
2,210,200
|
|
|
19,671
|
Celcuity, Inc.*
|
2,245,248
|
|
|
82,456
|
Celldex Therapeutics, Inc.*
|
2,615,504
|
|
|
41,294
|
CG oncology, Inc.*
|
2,794,778
|
|
|
66,725
|
Cogent Biosciences, Inc.*
|
2,568,245
|
|
|
95,250
|
Corvus Pharmaceuticals, Inc.*
|
1,393,507
|
|
|
74,784
|
Crinetics Pharmaceuticals, Inc.*
|
2,716,155
|
|
|
29,819
|
Cytokinetics, Inc.*
|
1,965,370
|
|
|
6,500
|
Dianthus Therapeutics, Inc.*
|
545,480
|
|
|
23,828
|
Disc Medicine, Inc.*
|
1,523,562
|
|
|
21,955
|
Insmed, Inc.*
|
3,590,082
|
|
|
20,285
|
Ionis Pharmaceuticals, Inc.*
|
1,523,201
|
|
|
44,595
|
Kymera Therapeutics, Inc.*
|
3,714,318
|
|
|
31,399
|
MBX Biosciences, Inc.*
|
937,260
|
|
|
47,539
|
Mineralys Therapeutics, Inc.*
|
1,287,832
|
|
|
22,426
|
Nuvalent, Inc. Class A*
|
2,297,544
|
|
|
45,414
|
Oculis Holding AG*
|
1,207,558
|
|
|
31,806
|
Pharvaris NV*
|
898,519
|
|
|
42,703
|
Protagonist Therapeutics, Inc.*
|
4,500,896
|
|
|
48,558
|
PTC Therapeutics, Inc.*
|
3,308,257
|
|
|
37,909
|
Revolution Medicines, Inc.*
|
3,686,650
|
|
|
47,364
|
Scholar Rock Holding Corp.*
|
2,328,414
|
|
|
25,902
|
Soleno Therapeutics, Inc.*
|
867,199
|
|
|
34,711
|
Spyre Therapeutics, Inc.*
|
1,750,823
|
|
|
47,674
|
Structure Therapeutics, Inc. ADR*
|
2,297,887
|
|
|
20,907
|
Terns Pharmaceuticals, Inc.*
|
1,102,217
|
|
|
52,586
|
Vaxcyte, Inc.*
|
3,055,772
|
|
|
38,321
|
Viridian Therapeutics, Inc.*
|
749,559
|
|
|
19,858
|
Xenon Pharmaceuticals, Inc.*
|
1,154,743
|
|
|
|
|
|
71,472,786
|
|
|
Semiconductors & Semiconductor Equipment - 5.8%
|
||
|
40,236
|
Credo Technology Group Holding Ltd.*
|
3,776,953
|
|
|
69,638
|
Enphase Energy, Inc.*
|
2,633,013
|
|
|
40,222
|
MKS, Inc.
|
9,243,418
|
|
|
17,324
|
SiTime Corp.*
|
5,982,844
|
|
|
11,143
|
Universal Display Corp.
|
1,021,367
|
|
|
|
|
|
22,657,595
|
|
|
25
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 98.5% - (continued)
|
|||
|
|
Software & Services - 5.8%
|
||
|
30,334
|
Agilysys, Inc.*
|
$2,157,961
|
|
|
440,458
|
Amplitude, Inc. Class A*
|
3,003,924
|
|
|
244,089
|
AvePoint, Inc.*
|
2,321,286
|
|
|
58,435
|
Clear Secure, Inc. Class A
|
2,828,838
|
|
|
23,136
|
Commvault Systems, Inc.*
|
1,802,063
|
|
|
75,658
|
Core Scientific, Inc.*(1)
|
1,131,844
|
|
|
9,359
|
CyberArk Software Ltd.*(2)(3)
|
421,155
|
|
|
76,001
|
Intapp, Inc.*
|
1,952,466
|
|
|
20,262
|
Palo Alto Networks, Inc.*
|
3,248,404
|
|
|
55,057
|
Rubrik, Inc. Class A*
|
2,696,141
|
|
|
15,329
|
ServiceTitan, Inc. Class A*
|
972,778
|
|
|
|
|
|
22,536,860
|
|
|
Technology Hardware & Equipment - 3.9%
|
||
|
95,895
|
Calix, Inc.*
|
4,697,896
|
|
|
9,527
|
Fabrinet*
|
4,968,521
|
|
|
30,803
|
IonQ, Inc.*(1)
|
888,050
|
|
|
16,876
|
OSI Systems, Inc.*
|
4,480,747
|
|
|
|
|
|
15,035,214
|
|
|
Total Common Stocks
(cost $298,894,052)
|
|
$382,951,421
|
|
RIGHTS - 0.0%
|
|||
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 0.0%
|
||
|
40,950
|
Akero Therapeutics, Inc. CVR*(2)(3)(4)
|
$26,618
|
|
|
|
Total Rights
(cost $26,618)
|
|
$26,618
|
|
|
Total Long-Term Investments
(cost $298,920,670)
|
|
$382,978,039
|
|
SHORT-TERM INVESTMENTS - 0.5%
|
|||
|
|
Repurchase Agreements - 0.3%
|
||
|
$ 1,261,593
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%, due
on 04/01/2026 with a maturity value of
$1,261,721; collateralized by U.S. Treasury
Note at 3.38%, maturing 11/30/2027, with a
market value of $1,287,014
|
$1,261,593
|
|
|
|
Securities Lending Collateral - 0.2%
|
||
|
726,321
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(5)
|
726,321
|
|
|
|
Total Short-Term Investments
(cost $1,987,914)
|
$1,987,914
|
|
|
|
Total Investments
(cost $300,908,584)
|
99.0
%
|
$384,965,953
|
|
|
Other Assets and Liabilities
|
1.0
%
|
4,020,578
|
|
|
Net Assets
|
100.0
%
|
$388,986,531
|
|
*
|
Non-income producing.
|
|
(1)
|
Represents entire or partial securities on loan.
|
|
(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 $2,488,706 or 0.6% of
net assets.
|
|
Period
Acquired
|
Security Name
|
Shares/
Par Value
|
Total Cost
|
Market Value
|
|
12/2025
|
Akero Therapeutics,
Inc. CVR
|
40,950
|
$26,618
|
$26,618
|
|
02/2026
|
CyberArk Software
Ltd.
|
9,359
|
421,155
|
421,155
|
|
11/2013
|
Tory Burch LLC
|
43,094
|
3,377,559
|
2,040,933
|
|
|
|
|
$3,825,332
|
$2,488,706
|
|
(3)
|
Investment valued using significant unobservable inputs.
|
|
(4)
|
Currently no expiration date available.
|
|
(5)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
26
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$382,951,421
|
$380,489,333
|
$—
|
$2,462,088
|
|
Rights
|
26,618
|
—
|
—
|
26,618
|
|
Short-Term Investments
|
1,987,914
|
726,321
|
1,261,593
|
—
|
|
Total
|
$384,965,953
|
$381,215,654
|
$1,261,593
|
$2,488,706
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
27
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.1%
|
|||
|
|
Banks - 2.8%
|
||
|
391,746
|
Wells Fargo & Co.
|
$31,186,899
|
|
|
|
Capital Goods - 11.0%
|
||
|
57,948
|
AMETEK, Inc.
|
12,421,733
|
|
|
24,546
|
Caterpillar, Inc.
|
17,389,859
|
|
|
20,244
|
Deere & Co.
|
11,403,445
|
|
|
133,996
|
Honeywell International, Inc.
|
30,287,116
|
|
|
50,819
|
Northrop Grumman Corp.
|
34,670,755
|
|
|
40,409
|
Trane Technologies PLC
|
16,840,047
|
|
|
|
|
|
123,012,955
|
|
|
Commercial & Professional Services - 2.0%
|
||
|
108,631
|
Automatic Data Processing, Inc.
|
22,071,646
|
|
|
|
Consumer Discretionary Distribution & Retail - 5.2%
|
||
|
89,354
|
Home Depot, Inc.
|
29,387,637
|
|
|
179,480
|
TJX Cos., Inc.
|
28,662,956
|
|
|
|
|
|
58,050,593
|
|
|
Consumer Durables & Apparel - 2.7%
|
||
|
562,666
|
NIKE, Inc. Class B
|
29,720,018
|
|
|
|
Consumer Services - 2.7%
|
||
|
34,158
|
Marriott International, Inc. Class A
|
11,172,057
|
|
|
62,275
|
McDonald's Corp.
|
19,354,447
|
|
|
|
|
|
30,526,504
|
|
|
Consumer Staples Distribution & Retail - 2.1%
|
||
|
230,584
|
Kroger Co.
|
16,685,058
|
|
|
54,323
|
Walmart, Inc.
|
6,751,263
|
|
|
|
|
|
23,436,321
|
|
|
Energy - 1.1%
|
||
|
71,048
|
Exxon Mobil Corp.
|
12,054,004
|
|
|
|
Financial Services - 12.9%
|
||
|
71,860
|
American Express Co.
|
21,736,213
|
|
|
28,086
|
Blackrock, Inc.
|
27,010,587
|
|
|
79,041
|
Mastercard, Inc. Class A
|
39,493,626
|
|
|
49,225
|
S&P Global, Inc.
|
20,937,362
|
|
|
113,947
|
Visa, Inc. Class A
|
34,439,341
|
|
|
|
|
|
143,617,129
|
|
|
Food, Beverage & Tobacco - 2.6%
|
||
|
246,894
|
Coca-Cola Co.
|
18,776,289
|
|
|
62,984
|
PepsiCo, Inc.
|
9,780,785
|
|
|
|
|
|
28,557,074
|
|
|
Health Care Equipment & Services - 4.8%
|
||
|
156,134
|
Abbott Laboratories
|
16,030,278
|
|
|
40,760
|
Elevance Health, Inc.
|
11,932,490
|
|
|
77,685
|
Stryker Corp.
|
25,526,514
|
|
|
|
|
|
53,489,282
|
|
|
Household & Personal Products - 3.2%
|
||
|
110,770
|
Colgate-Palmolive Co.
|
9,440,927
|
|
|
127,913
|
Procter & Gamble Co.
|
18,475,754
|
|
|
142,789
|
Unilever PLC
|
7,839,027
|
|
|
|
|
|
35,755,708
|
|
|
Insurance - 4.2%
|
||
|
71,877
|
Chubb Ltd.
|
23,426,871
|
|
|
136,054
|
Marsh & McLennan Cos., Inc.
|
23,598,566
|
|
|
|
|
|
47,025,437
|
|
|
Materials - 2.6%
|
||
|
57,849
|
Linde PLC
|
28,679,220
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
COMMON STOCKS - 99.1% - (continued)
|
|||
|
|
Media & Entertainment - 2.3%
|
||
|
50,558
|
Alphabet, Inc. Class A
|
$14,538,458
|
|
|
19,269
|
Meta Platforms, Inc. Class A
|
11,024,373
|
|
|
|
|
|
25,562,831
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 11.2%
|
||
|
125,601
|
Danaher Corp.
|
23,813,950
|
|
|
48,914
|
Eli Lilly & Co.
|
44,989,630
|
|
|
87,385
|
Johnson & Johnson
|
21,360,389
|
|
|
198,500
|
Merck & Co., Inc.
|
23,877,565
|
|
|
86,815
|
Zoetis, Inc.
|
10,262,401
|
|
|
|
|
|
124,303,935
|
|
|
Semiconductors & Semiconductor Equipment - 11.8%
|
||
|
178,490
|
Broadcom, Inc.
|
55,244,440
|
|
|
18,525
|
KLA Corp.
|
27,276,395
|
|
|
123,691
|
QUALCOMM, Inc.
|
15,928,927
|
|
|
167,390
|
Texas Instruments, Inc.
|
32,497,095
|
|
|
|
|
|
130,946,857
|
|
|
Software & Services - 6.8%
|
||
|
52,463
|
Accenture PLC Class A
|
10,402,888
|
|
|
22,512
|
Intuit, Inc.
|
9,733,738
|
|
|
149,952
|
Microsoft Corp.
|
55,507,732
|
|
|
|
|
|
75,644,358
|
|
|
Technology Hardware & Equipment - 4.9%
|
||
|
133,856
|
Amphenol Corp. Class A
|
16,912,706
|
|
|
149,165
|
Apple, Inc.
|
37,856,585
|
|
|
|
|
|
54,769,291
|
|
|
Transportation - 1.7%
|
||
|
189,114
|
Canadian National Railway Co.
|
19,464,699
|
|
|
|
Utilities - 0.5%
|
||
|
41,399
|
American Water Works Co., Inc.
|
5,633,990
|
|
|
|
Total Common Stocks
(cost $751,888,137)
|
|
$1,103,508,751
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
$ 2,000,081
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value
of $2,000,284; collateralized by
U.S. Treasury Note at 0.63%, maturing
11/30/2027, with a market value of
$2,040,110
|
$2,000,081
|
|
|
|
Total Short-Term Investments
(cost $2,000,081)
|
$2,000,081
|
|
|
|
Total Investments
(cost $753,888,218)
|
99.3
%
|
$1,105,508,832
|
|
|
Other Assets and Liabilities
|
0.7
%
|
7,900,827
|
|
|
Net Assets
|
100.0
%
|
$1,113,409,659
|
|
|
28
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Common Stocks
|
$1,103,508,751
|
$1,095,669,724
|
$7,839,027
|
$—
|
|
Short-Term Investments
|
2,000,081
|
—
|
2,000,081
|
—
|
|
Total
|
$1,105,508,832
|
$1,095,669,724
|
$9,839,108
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
29
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4%
|
|||
|
|
Asset-Backed - Automobile - 0.7%
|
||
|
|
Avis Budget Rental Car Funding
AESOP LLC
|
|
|
|
$ 1,220,000
|
Series 2024-1A, 5.36%, 06/20/2030(1)
|
$1,246,801
|
|
|
645,000
|
Series 2024-3A, 5.58%, 12/20/2030(1)
|
653,842
|
|
|
|
Exeter Automobile Receivables Trust
|
|
|
|
740,000
|
Series 2025-4A, 4.40%, 05/15/2030
|
739,161
|
|
|
4,425,000
|
Series 2025-1A, 4.91%, 08/15/2029
|
4,439,900
|
|
|
375,000
|
First Investors Auto Owner Trust Series
2026-1A, 5.38%, 07/15/2032(1)
|
374,925
|
|
|
1,145,000
|
Hertz Vehicle Financing III LLC Series
2025-2A, 5.13%, 09/25/2031(1)
|
1,153,719
|
|
|
344,133
|
Securitized Term Auto Receivables Trust
Series 2025-A, 5.04%, 07/25/2031(1)
|
346,482
|
|
|
985,000
|
SFS Auto Receivables Securitization Trust
Series 2023-1A, 5.71%, 01/22/2030(1)
|
1,001,863
|
|
|
|
|
|
9,956,693
|
|
|
Asset-Backed - Finance & Insurance - 0.5%
|
||
|
1,750,000
|
Neuberger Berman Loan Advisers CLO 42
Ltd. Series 2021-42A, 5.52%,
07/16/2036(1)(2)
|
1,749,422
|
|
|
755,000
|
PK ALIFT Loan Funding 8 LP Series
2026-1, 4.61%, 09/15/2043(1)
|
739,269
|
|
|
2,625,000
|
RR 28 Ltd. Series 2024-28RA, 5.68%,
04/15/2041(1)(2)
|
2,619,354
|
|
|
|
STAR Trust
|
|
|
|
685,000
|
Series 2026-SFR7, 5.38%, 05/17/2043,
1 mo. USD Term SOFR + 1.70%(1)(2)
|
685,011
|
|
|
385,000
|
Series 2026-SFR7, 5.68%, 05/17/2043,
1 mo. USD Term SOFR + 2.00%(1)(2)
|
385,006
|
|
|
730,000
|
VB-S1 Issuer LLC Series 2026-1A, 4.69%,
03/15/2056(1)
|
717,258
|
|
|
|
|
|
6,895,320
|
|
|
Asset-Backed - Home Equity - 0.1%
|
||
|
335,354
|
COOPR Residential Mortgage Trust Series
2026-CES1, 4.87%, 01/01/2061(1)(3)
|
332,543
|
|
|
274,194
|
FIGRE Trust Series 2026-HE1, 4.98%,
01/25/2056(1)(2)
|
271,305
|
|
|
|
|
|
603,848
|
|
|
Asset-Backed - Student Loan - 0.2%
|
||
|
|
Navient Private Education Refi Loan Trust
|
|
|
|
1,211,036
|
Series 2021-FA, 1.11%, 02/18/2070(1)
|
1,079,746
|
|
|
1,504,431
|
Series 2023-A, 5.51%, 10/15/2071(1)
|
1,521,377
|
|
|
|
|
|
2,601,123
|
|
|
Commercial Mortgage-Backed Securities - 5.6%
|
||
|
1,688,000
|
280 Park Avenue Mortgage Trust Series
2017-280P, 6.09%, 09/15/2034, 1 mo.
USD Term SOFR + 2.42%(1)(2)
|
1,654,240
|
|
|
875,000
|
ACREC LLC Series 2026-FL4, 5.28%,
01/18/2043, 1 mo. USD Term SOFR +
1.45%(1)(2)
|
876,064
|
|
|
960,000
|
AREIT Trust Series 2025-CRE11, 5.43%,
07/25/2043, 1 mo. USD Term SOFR +
1.75%(1)(2)
|
959,401
|
|
|
|
BBCMS Mortgage Trust
|
|
|
|
6,603,299
|
Series 2025-C32, 1.13%, 02/15/2062(2)(4)
|
529,589
|
|
|
21,215,690
|
Series 2017-C1, 1.44%, 02/15/2050(2)(4)
|
118,398
|
|
|
7,889,406
|
Series 2024-C24, 1.62%, 02/15/2057(2)(4)
|
705,339
|
|
|
925,000
|
Series 2022-C15, 3.66%, 04/15/2055(2)
|
852,527
|
|
|
485,000
|
Series 2026-5C40, 5.78%, 02/15/2059(2)
|
491,562
|
|
|
|
Benchmark Mortgage Trust
|
|
|
|
16,687,951
|
Series 2018-B4, 0.46%, 07/15/2051(2)(4)
|
165,346
|
|
|
7,200,678
|
Series 2018-B1, 0.52%, 01/15/2051(2)(4)
|
60,399
|
|
|
7,648,863
|
Series 2019-B12, 1.02%, 08/15/2052(2)(4)
|
177,379
|
|
|
21,078,376
|
Series 2019-B10, 1.21%, 03/15/2062(2)(4)
|
629,946
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.6% - (continued)
|
||
|
$ 10,196,366
|
Series 2020-B22, 1.49%, 01/15/2054(2)(4)
|
$576,554
|
|
|
2,098,245
|
Series 2020-B18, 1.74%, 07/15/2053(2)(4)
|
107,628
|
|
|
1,110,000
|
Series 2026-V20, 5.44%, 02/15/2059
|
1,120,134
|
|
|
570,000
|
Series 2026-V20, 5.69%, 02/15/2059(2)
|
577,868
|
|
|
1,625,000
|
BOCA Commercial Mortgage Trust Series
2025-BOCA, 5.57%, 12/15/2042, 1 mo.
USD Term SOFR + 1.90%(1)(2)
|
1,623,984
|
|
|
820,000
|
BPR Trust Series 2024-PMDW, 5.85%,
11/05/2041(1)(2)
|
834,135
|
|
|
|
BX Commercial Mortgage Trust
|
|
|
|
3,990,000
|
Series 2026-ALOHA, 5.25%,
04/15/2043(1)(2)
|
3,991,247
|
|
|
1,630,000
|
Series 2026-CSMO, 5.37%, 02/15/2043,
1 mo. USD Term SOFR + 1.70%(1)(2)
|
1,629,992
|
|
|
|
BX Trust
|
|
|
|
780,000
|
Series 2026-CART, 5.02%, 02/15/2036,
1 mo. USD Term SOFR + 1.35%(1)(2)
|
774,083
|
|
|
580,000
|
Series 2026-RISE, 5.12%,
04/15/2041(1)(2)
|
580,000
|
|
|
970,000
|
Series 2025-ARIA, 5.18%,
12/13/2042(1)(2)
|
970,715
|
|
|
805,000
|
BXMT Ltd. Series 2026-FL6, 5.13%,
08/19/2043, 1 mo. USD Term SOFR +
1.45%(1)(2)
|
804,755
|
|
|
1,477,519
|
CD Mortgage Trust Series 2016-CD1,
2.46%, 08/10/2049
|
1,472,660
|
|
|
580,000
|
CENT Series 2025-CITY, 4.92%,
07/10/2040(1)(2)
|
581,772
|
|
|
2,357,000
|
Citigroup Commercial Mortgage Trust
Series 2016-C3, 3.99%, 11/15/2049(2)
|
2,097,535
|
|
|
|
Commercial Mortgage Trust
|
|
|
|
841,000
|
Series 2022-HC, 2.82%, 01/10/2039(1)
|
816,324
|
|
|
860,000
|
Series 2022-HC, 3.90%, 01/10/2039(1)(2)
|
818,931
|
|
|
1,106,000
|
Series 2024-CBM, 6.51%,
12/10/2041(1)(2)
|
1,123,140
|
|
|
2,310,635
|
CSAIL Commercial Mortgage Trust Series
2016-C6, 1.66%, 01/15/2049(2)(4)
|
23
|
|
|
3,299,596
|
DBJPM Mortgage Trust Series 2020-C9,
1.58%, 09/15/2053(2)(4)
|
131,955
|
|
|
380,000
|
DC Trust Series 2024-HLTN, 7.04%,
04/13/2040(1)(2)
|
377,123
|
|
|
|
Extended Stay America Trust
|
|
|
|
1,535,553
|
Series 2026-ESH2, 4.87%, 02/15/2043,
1 mo. USD Term SOFR + 1.20%(1)(2)
|
1,535,553
|
|
|
1,748,549
|
Series 2026-ESH2, 5.07%, 02/15/2043,
1 mo. USD Term SOFR + 1.40%(1)(2)
|
1,750,188
|
|
|
315,000
|
Series 2025-ESH, 5.27%, 10/15/2042,
1 mo. USD Term SOFR + 1.60%(1)(2)
|
315,394
|
|
|
703,382
|
Series 2026-ESH2, 6.57%, 02/15/2043,
1 mo. USD Term SOFR + 2.90%(1)(2)
|
704,921
|
|
|
2,360,000
|
GS Mortgage Securities Corp. II Series
2024-70P, 5.32%, 03/10/2041(1)(2)
|
2,376,989
|
|
|
4,095,118
|
GS Mortgage Securities Corp. Trust Series
2012-BWTR, 2.95%, 11/05/2034(1)
|
3,580,370
|
|
|
|
GS Mortgage Securities Trust
|
|
|
|
673,975
|
Series 2013-GC13, 3.65%,
07/10/2046(2)(4)
|
7
|
|
|
2,006,911
|
Series 2014-GC20, 4.71%,
04/10/2047(1)(2)
|
1,505,143
|
|
|
2,895,000
|
GS REFT Issuer Ltd. Series 2026-FL1,
5.32%, 04/19/2043, 1 mo. USD Term
SOFR + 1.65%(1)(2)
|
2,897,350
|
|
|
|
HTL Commercial Mortgage Trust
|
|
|
|
1,065,000
|
Series 2024-T53, 6.56%, 05/10/2039(1)(2)
|
1,075,282
|
|
|
585,000
|
Series 2024-T53, 7.09%, 05/10/2039(1)(2)
|
592,213
|
|
|
|
30
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.6% - (continued)
|
||
|
|
INT Commercial Mortgage Trust
|
|
|
|
$ 715,000
|
Series 2025-PLAZA, 4.55%,
11/05/2037(1)(2)
|
$712,603
|
|
|
135,000
|
Series 2025-PLAZA, 4.82%,
11/05/2037(1)(2)
|
134,631
|
|
|
|
JP Morgan Chase Commercial Mortgage
Securities Trust
|
|
|
|
1,400,000
|
Series 2020-NNN, 2.81%, 01/16/2037(1)
|
1,259,958
|
|
|
1,290,924
|
Series 2012-LC9, 3.50%, 12/15/2047(1)(2)
|
1,055,305
|
|
|
1,895,000
|
MAD Commercial Mortgage Trust Series
2025-11MD, 4.76%, 10/15/2042(1)(2)
|
1,887,907
|
|
|
|
Morgan Stanley Capital I Trust
|
|
|
|
6,305,764
|
Series 2017-H1, 1.27%, 06/15/2050(2)(4)
|
65,543
|
|
|
1,645,000
|
Series 2014-150E, 3.91%, 09/09/2032(1)
|
1,522,279
|
|
|
1,460,000
|
Series 2011-C3, 4.94%, 07/15/2049(1)(2)
|
1,422,186
|
|
|
92,835
|
Series 2006-T21, 5.21%, 10/12/2052(1)(2)
|
27,682
|
|
|
716,000
|
Natixis Commercial Mortgage Securities
Trust Series 2018-SOX, 4.77%,
06/17/2038(1)(2)
|
693,588
|
|
|
230,000
|
NRTH Commercial Mortgage Trust Series
2025-PARK, 5.32%, 10/15/2040, 1 mo.
USD Term SOFR + 1.64%(1)(2)
|
229,569
|
|
|
|
NYC Commercial Mortgage Trust
|
|
|
|
415,000
|
Series 2026-1PARK, 4.93%, 02/15/2043,
1 mo. USD Term SOFR + 1.25%(1)(2)
|
413,314
|
|
|
175,000
|
Series 2026-1PARK, 5.18%, 02/15/2043,
1 mo. USD Term SOFR + 1.50%(1)(2)
|
175,000
|
|
|
3,090,000
|
Series 2025-3BP, 5.36%, 02/15/2042,
1 mo. USD Term SOFR + 1.69%(1)(2)
|
3,089,240
|
|
|
2,695,000
|
RFR Trust Series 2025-SGRM, 5.67%,
03/11/2041(1)(2)
|
2,715,671
|
|
|
3,720,000
|
SG Commercial Mortgage Securities Trust
Series 2020-COVE, 2.63%, 03/15/2037(1)
|
3,564,560
|
|
|
590,000
|
SPGN Trust Series 2026-TFLM, 5.07%,
02/15/2041, 1 mo. USD Term SOFR +
1.40%(1)(2)
|
585,575
|
|
|
535,000
|
TEXAS Commercial Mortgage Trust Series
2025-TWR, 5.27%, 04/15/2042, 1 mo.
USD Term SOFR + 1.59%(1)(2)
|
531,658
|
|
|
2,787,683
|
UBS Commercial Mortgage Trust Series
2017-C2, 1.03%, 08/15/2050(2)(4)
|
27,334
|
|
|
|
Wells Fargo Commercial Mortgage Trust
|
|
|
|
3,085,000
|
Series 2016-LC24, 2.94%, 10/15/2049
|
3,066,829
|
|
|
422,974
|
Series 2015-NXS1, 3.82%, 05/15/2048(2)
|
383,046
|
|
|
310,000
|
Series 2026-1250B, 5.14%,
03/10/2041(1)(2)
|
307,027
|
|
|
|
Wells Fargo NA
|
|
|
|
19,463,173
|
Series 2019-BN22, 0.58%,
11/15/2062(2)(4)
|
357,517
|
|
|
9,511,323
|
Series 2019-BN24, 0.63%,
11/15/2062(2)(4)
|
197,603
|
|
|
31,691,812
|
Series 2017-BNK8, 0.70%,
11/15/2050(2)(4)
|
239,894
|
|
|
3,016,817
|
Series 2017-BNK9, 0.71%,
11/15/2054(2)(4)
|
28,098
|
|
|
17,292,602
|
Series 2019-BN20, 0.81%,
09/15/2062(2)(4)
|
409,084
|
|
|
33,190,017
|
Series 2020-BN25, 0.87%,
01/15/2063(2)(4)
|
862,818
|
|
|
12,333,809
|
Series 2019-BN18, 0.88%,
05/15/2062(2)(4)
|
299,092
|
|
|
4,931,645
|
Series 2023-BNK45, 1.07%,
02/15/2056(2)(4)
|
267,474
|
|
|
20,210,035
|
Series 2020-BN28, 1.76%,
03/15/2063(2)(4)
|
1,279,099
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Commercial Mortgage-Backed Securities - 5.6% - (continued)
|
||
|
$ 1,800,000
|
Series 2026-5YR20, 5.54%, 02/15/2059
|
$1,816,689
|
|
|
710,000
|
WFRBS Commercial Mortgage Trust Series
2011-C4, 5.00%, 06/15/2044(1)(2)
|
621,108
|
|
|
|
|
|
74,813,139
|
|
|
Other Asset-Backed Securities - 4.9%
|
||
|
126,296
|
AASET Trust Series 2020-1A, 3.35%,
01/16/2040(1)
|
125,440
|
|
|
2,220,000
|
Aligned Data Centers Issuer LLC Series
2023-1A, 6.00%, 08/17/2048(1)
|
2,230,414
|
|
|
1,500,000
|
Bain Capital Credit CLO Ltd. Series
2022-5A, 5.42%, 01/24/2037, 3 mo. USD
Term SOFR + 1.75%(1)(2)
|
1,485,884
|
|
|
3,285,000
|
Battalion CLO 18 Ltd. Series 2024-25A,
5.87%, 03/13/2037, 3 mo. USD Term
SOFR + 2.20%(1)(2)
|
3,283,358
|
|
|
2,590,000
|
Benefit Street Partners CLO XXXI Ltd.
Series 2023-31A, 5.42%, 04/25/2038,
3 mo. USD Term SOFR + 1.75%(1)(2)
|
2,595,537
|
|
|
375,000
|
Blue Owl Asset Leasing Trust LLC Series
2024-1A, 5.41%, 03/15/2030(1)
|
378,030
|
|
|
|
CF Hippolyta Issuer LLC
|
|
|
|
374,435
|
Series 2021-1A, 1.53%, 03/15/2061(1)
|
299,802
|
|
|
888,290
|
Series 2020-1, 1.69%, 07/15/2060(1)
|
744,253
|
|
|
996,755
|
Series 2020-1, 1.99%, 07/15/2060(1)
|
810,636
|
|
|
568,423
|
Series 2022-1A, 5.97%, 08/15/2062(1)
|
564,850
|
|
|
1,798,597
|
Commercial Equipment Finance LLC Series
2025-1A, 4.83%, 05/15/2031(1)
|
1,796,217
|
|
|
1,392,000
|
Domino's Pizza Master Issuer LLC Series
2019-1A, 3.67%, 10/25/2049(1)
|
1,336,652
|
|
|
2,155,000
|
Elmwood CLO 23 Ltd. Series 2023-2A,
5.42%, 04/16/2036, 3 mo. USD Term
SOFR + 1.75%(1)(2)
|
2,156,004
|
|
|
4,046,452
|
FirstKey Homes Trust Series 2022-SFR2,
4.25%, 07/17/2039(1)
|
4,027,055
|
|
|
560,000
|
GreenSky Home Improvement Issuer Trust
Series 2025-2A, 5.07%, 06/25/2060(1)
|
559,046
|
|
|
700,000
|
Home Re Ltd. Series 2026-1, 5.81%,
01/25/2036, 30 day USD SOFR Average
+ 2.15%(1)(2)
|
700,941
|
|
|
1,430,000
|
Jersey Mike's Funding LLC Series 2026-1A,
4.95%, 02/15/2056(1)
|
1,408,333
|
|
|
1,270,000
|
Magnetite XXXI Ltd. Series 2021-31A,
5.22%, 07/15/2034, 3 mo. USD Term
SOFR + 1.55%(1)(2)
|
1,264,761
|
|
|
1,911,544
|
MAPS Trust Series 2026-1A, 5.20%,
01/15/2051(1)
|
1,871,086
|
|
|
1,055,000
|
NMEF Funding LLC Series 2025-B, 4.73%,
01/18/2033(1)
|
1,057,247
|
|
|
435,000
|
Palmer Square Loan Funding Ltd. Series
2024-3A, 5.11%, 08/08/2032, 3 mo. USD
Term SOFR + 1.45%(1)(2)
|
434,221
|
|
|
2,170,000
|
PEAC Solutions Receivables LLC Series
2025-1A, 5.04%, 07/20/2032(1)
|
2,197,082
|
|
|
|
Post Road Equipment Finance LLC
|
|
|
|
490,684
|
Series 2025-1A, 4.90%, 05/15/2031(1)
|
493,843
|
|
|
510,000
|
Series 2025-1A, 5.04%, 05/15/2031(1)
|
515,092
|
|
|
|
Progress Residential Trust
|
|
|
|
1,076,892
|
Series 2022-SFR3, 3.20%, 04/17/2039(1)
|
1,061,140
|
|
|
1,560,000
|
Series 2026-SFR1, 4.00%, 02/17/2043(1)
|
1,476,563
|
|
|
1,761,607
|
Series 2023-SFR1, 4.30%, 03/17/2040(1)
|
1,746,901
|
|
|
828,722
|
Series 2022-SFR5, 4.45%, 06/17/2039(1)
|
825,014
|
|
|
1,368,748
|
Series 2022-SFR7, 4.75%, 10/27/2039(1)
|
1,367,698
|
|
|
5,630,000
|
QTS Issuer ABS I LLC Series 2025-1A,
5.44%, 05/25/2055(1)
|
5,547,419
|
|
|
|
31
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Other Asset-Backed Securities - 4.9% - (continued)
|
||
|
$ 2,650,000
|
Rad CLO 12 Ltd. Series 2021-12A, 4.99%,
07/30/2040, 3 mo. USD Term SOFR +
1.32%(1)(2)
|
$2,647,244
|
|
|
3,315,000
|
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, 5.00%, 09/15/2048(1)
|
3,290,907
|
|
|
1,340,000
|
SCF Equipment Leasing LLC Series
2025-1A, 5.11%, 11/21/2033(1)
|
1,362,230
|
|
|
|
Stack Infrastructure Issuer LLC
|
|
|
|
1,880,000
|
Series 2023-2A, 5.90%, 07/25/2048(1)
|
1,884,295
|
|
|
1,010,000
|
Series 2024-1A, 5.90%, 03/25/2049(1)
|
1,017,759
|
|
|
745,000
|
Symphony CLO 52 Ltd. Series 2025-52A,
5.52%, 01/20/2036, 3 mo. USD Term
SOFR + 1.85%(1)(2)
|
743,986
|
|
|
|
Tricon Residential Trust
|
|
|
|
1,729,118
|
Series 2025-SFR1, 4.77%, 03/17/2042,
1 mo. USD Term SOFR + 1.10%(1)(2)
|
1,725,876
|
|
|
1,905,355
|
Series 2026-SFR1, 4.77%, 02/17/2043,
1 mo. USD Term SOFR + 1.10%(1)(2)
|
1,905,355
|
|
|
519,956
|
Series 2026-SFR1, 5.02%, 02/17/2043,
1 mo. USD Term SOFR + 1.35%(1)(2)
|
519,297
|
|
|
397,226
|
VFI ABS LLC Series 2025-1A, 4.78%,
06/24/2030(1)
|
398,465
|
|
|
1,907,765
|
Wendy's Funding LLC Series 2018-1A,
3.88%, 03/15/2048(1)
|
1,871,587
|
|
|
|
Wingstop Funding LLC
|
|
|
|
1,359,300
|
Series 2020-1A, 2.84%, 12/05/2050(1)
|
1,315,716
|
|
|
870,000
|
Series 2024-1A, 5.86%, 12/05/2054(1)
|
882,776
|
|
|
2,315,000
|
Zayo Issuer LLC Series 2025-1A, 5.65%,
03/20/2055(1)
|
2,332,187
|
|
|
|
|
|
66,258,199
|
|
|
Whole Loan Collateral CMO - 8.4%
|
||
|
|
Angel Oak Mortgage Trust
|
|
|
|
826,299
|
Series 2021-1, 0.91%, 01/25/2066(1)(2)
|
733,960
|
|
|
376,465
|
Series 2020-R1, 0.99%, 04/25/2053(1)(2)
|
363,419
|
|
|
813,699
|
Series 2021-2, 0.99%, 04/25/2066(1)(2)
|
713,535
|
|
|
1,378,975
|
Series 2021-8, 1.82%, 11/25/2066(1)(2)
|
1,233,090
|
|
|
263,990
|
Series 2022-2, 4.04%, 01/25/2067(1)(2)
|
252,437
|
|
|
637,199
|
Arroyo Mortgage Trust Series 2019-2,
3.35%, 04/25/2049(1)(2)
|
619,994
|
|
|
1,312,281
|
Barclays Mortgage Loan Trust Series
2026-NQM1, 5.19%, 12/25/2065(1)(3)
|
1,305,801
|
|
|
|
BRAVO Residential Funding Trust
|
|
|
|
368,827
|
Series 2021-NQM1, 0.94%,
02/25/2049(1)(2)
|
348,004
|
|
|
111,850
|
Series 2021-NQM2, 0.97%,
03/25/2060(1)(2)
|
110,055
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
1,260,229
|
Series 2021-1, 0.91%, 06/25/2066(1)(2)
|
1,096,586
|
|
|
788,930
|
Series 2026-1, 4.76%, 02/25/2071(1)(2)
|
783,039
|
|
|
303,818
|
Series 2026-1, 4.96%, 02/25/2071(1)(3)
|
300,504
|
|
|
340,674
|
Series 2026-1, 5.11%, 02/25/2071(1)(3)
|
337,242
|
|
|
|
CSMC Trust
|
|
|
|
1,335,291
|
Series 2021-NQM5, 0.94%,
05/25/2066(1)(2)
|
1,101,342
|
|
|
1,606,594
|
Series 2021-NQM8, 2.84%,
10/25/2066(1)(2)
|
1,454,566
|
|
|
967,207
|
Series 2017-FHA1, 3.25%,
04/25/2047(1)(2)
|
910,714
|
|
|
3,962,836
|
Series 2022-NQM1, 3.27%,
11/25/2066(1)(2)
|
3,586,927
|
|
|
910,201
|
Series 2021-RPL4, 4.15%,
12/27/2060(1)(2)
|
903,542
|
|
|
545,254
|
Deephaven Residential Mortgage Trust
Series 2021-2, 0.90%, 04/25/2066(1)(2)
|
486,286
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Whole Loan Collateral CMO - 8.4% - (continued)
|
||
|
|
Ellington Financial Mortgage Trust
|
|
|
|
$ 594,335
|
Series 2021-2, 0.93%, 06/25/2066(1)(2)
|
$506,138
|
|
|
1,771,959
|
Series 2022-1, 2.21%, 01/25/2067(1)(2)
|
1,583,289
|
|
|
915,344
|
Series 2025-INV5, 5.38%,
12/25/2070(1)(3)
|
912,057
|
|
|
|
Federal Home Loan Mortgage Corp.
Seasoned Credit Risk Transfer Trust
|
|
|
|
1,675,796
|
Series 2020-1, 2.50%, 08/25/2059
|
1,413,393
|
|
|
1,541,454
|
Series 2018-2, 3.50%, 11/25/2057
|
1,477,914
|
|
|
830,197
|
Series 2019-2, 3.50%, 08/25/2058
|
784,971
|
|
|
3,093,015
|
Series 2019-3, 3.50%, 10/25/2058
|
2,845,950
|
|
|
|
Federal National Mortgage Association
Connecticut Avenue Securities Trust
|
|
|
|
654,800
|
Series 2021-R01, 6.76%, 10/25/2041, 30
day USD SOFR Average + 3.10%(1)(2)
|
660,997
|
|
|
1,547,000
|
Series 2022-R01, 6.81%, 12/25/2041, 30
day USD SOFR Average + 3.15%(1)(2)
|
1,560,965
|
|
|
3,155,000
|
Series 2022-R02, 8.16%, 01/25/2042, 30
day USD SOFR Average + 4.50%(1)(2)
|
3,236,362
|
|
|
924,511
|
GCAT Trust Series 2021-NQM7, 1.92%,
08/25/2066(1)(2)
|
859,577
|
|
|
|
GS Mortgage-Backed Securities Trust
|
|
|
|
950,510
|
Series 2026-NQM1, 4.87%,
03/25/2066(1)(2)
|
944,840
|
|
|
292,912
|
Series 2026-NQM1, 5.23%,
03/25/2066(1)(3)
|
291,293
|
|
|
3,764,870
|
Imperial Fund Mortgage Trust Series
2022-NQM2, 4.64%, 03/25/2067(1)(3)
|
3,588,365
|
|
|
|
Legacy Mortgage Asset Trust
|
|
|
|
878,569
|
Series 2021-GS2, 5.75%,
04/25/2061(1)(3)
|
871,575
|
|
|
1,194,219
|
Series 2021-GS3, 5.75%,
07/25/2061(1)(3)
|
1,196,124
|
|
|
|
MFA Trust
|
|
|
|
88,896
|
Series 2020-NQM3, 1.01%,
01/26/2065(1)(2)
|
85,326
|
|
|
789,274
|
Series 2021-NQM2, 1.03%,
11/25/2064(1)(2)
|
699,048
|
|
|
|
Morgan Stanley Residential Mortgage Loan
Trust
|
|
|
|
2,684,072
|
Series 2025-SPL1, 4.25%,
02/25/2065(1)(2)
|
2,609,864
|
|
|
1,617,968
|
Series 2026-DSC1, 4.77%,
01/25/2071(1)(2)
|
1,600,163
|
|
|
242,204
|
Series 2026-NQM1, 5.03%,
12/25/2070(1)(3)
|
240,005
|
|
|
739,501
|
Series 2026-DSC1, 5.17%,
01/25/2071(1)(3)
|
731,686
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
182,841
|
Series 2019-NQM4, 2.49%,
09/25/2059(1)(2)
|
176,093
|
|
|
777,344
|
Series 2019-5A, 3.50%, 08/25/2059(1)(2)
|
733,743
|
|
|
921,458
|
Series 2016-2A, 3.75%, 11/26/2035(1)(2)
|
893,263
|
|
|
937,482
|
Series 2016-4A, 3.75%, 11/25/2056(1)(2)
|
898,257
|
|
|
643,085
|
Series 2018-1A, 4.00%, 12/25/2057(1)(2)
|
627,152
|
|
|
843,955
|
Series 2018-4A, 4.54%, 01/25/2048,
1 mo. USD Term SOFR + 0.86%(1)(2)
|
830,424
|
|
|
1,283,620
|
Series 2025-NQM7, 5.01%,
10/26/2065(1)(2)
|
1,276,483
|
|
|
247,401
|
Series 2026-NQM1, 5.18%,
11/25/2065(1)(3)
|
244,804
|
|
|
725,127
|
Series 2017-5A, 5.29%, 06/25/2057,
1 mo. USD Term SOFR + 1.61%(1)(2)
|
733,841
|
|
|
1,520,832
|
Series 2025-NQM7, 5.37%,
10/26/2065(1)(3)
|
1,510,978
|
|
|
|
32
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Whole Loan Collateral CMO - 8.4% - (continued)
|
||
|
$ 2,269,204
|
NMLT Trust Series 2021-INV1, 1.19%,
05/25/2056(1)(2)
|
$1,996,901
|
|
|
|
OBX Trust
|
|
|
|
2,044,168
|
Series 2021-NQM2, 1.10%,
05/25/2061(1)(2)
|
1,682,024
|
|
|
890,819
|
Series 2026-NQM2, 4.82%,
12/01/2065(1)(2)
|
883,929
|
|
|
1,565,085
|
Series 2026-NQM2, 5.04%,
12/01/2065(1)(3)
|
1,551,003
|
|
|
1,063,076
|
Series 2026-NQM2, 5.14%,
12/01/2065(1)(3)
|
1,053,323
|
|
|
1,201,908
|
OLIT Trust Series 2025-HB2, 3.00%,
11/25/2038(1)(2)
|
1,136,031
|
|
|
|
Pretium Mortgage Credit Partners LLC
|
|
|
|
3,031,392
|
Series 2025-RPL6, 3.85%,
09/25/2069(1)(3)
|
2,974,237
|
|
|
3,923,315
|
Series 2026-NPL2, 5.15%,
02/25/2056(1)(3)
|
3,892,437
|
|
|
4,008,762
|
Series 2025-NPL11, 5.19%,
10/25/2055(1)(3)
|
4,008,794
|
|
|
1,534,900
|
Series 2025-NPL14, 5.27%,
12/25/2055(1)(3)
|
1,523,750
|
|
|
2,585,811
|
Series 2025-NPL9, 5.39%,
08/25/2055(1)(3)
|
2,585,542
|
|
|
2,022,633
|
Series 2025-NPL7, 5.66%,
07/25/2055(1)(3)
|
2,014,726
|
|
|
1,942,035
|
Series 2025-NPL8, 5.73%,
08/25/2055(1)(3)
|
1,946,135
|
|
|
3,115,142
|
Series 2025-NPL6, 5.74%,
06/25/2055(1)(3)
|
3,119,936
|
|
|
420,000
|
Series 2026-NPL3, 6.22%,
02/25/2056(1)(3)
|
415,317
|
|
|
330,000
|
Series 2026-NPL1, 6.54%,
01/25/2056(1)(3)
|
328,982
|
|
|
516,000
|
Series 2026-NPL2, 6.54%,
02/25/2056(1)(3)
|
514,929
|
|
|
1,160,000
|
Series 2025-NPL14, 6.78%,
12/25/2055(1)(3)
|
1,148,517
|
|
|
|
PRPM LLC
|
|
|
|
3,277,347
|
Series 2025-RPL2, 3.75%,
04/25/2055(1)(3)
|
3,189,905
|
|
|
1,194,296
|
Series 2025-7, 5.50%, 08/25/2030(1)(3)
|
1,190,331
|
|
|
483,076
|
Series 2024-6, 5.70%, 11/25/2029(1)(3)
|
480,532
|
|
|
675,405
|
Series 2025-5, 5.73%, 07/25/2030(1)(3)
|
672,699
|
|
|
1,737,142
|
Series 2025-6, 5.77%, 08/25/2028(1)(3)
|
1,728,343
|
|
|
1,297,241
|
Series 2024-7, 5.87%, 11/25/2029(1)(3)
|
1,287,725
|
|
|
|
PRPM Trust
|
|
|
|
404,266
|
Series 2026-RCF1, 4.85%,
01/25/2056(1)(3)
|
402,010
|
|
|
275,000
|
Series 2026-RCF1, 5.21%,
01/25/2056(1)(3)
|
274,382
|
|
|
166,180
|
RCO VIII Mortgage LLC Series 2025-3,
6.43%, 05/25/2030(1)(3)
|
166,388
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
226,130
|
Series 2021-2, 0.94%, 05/25/2065(1)(2)
|
217,726
|
|
|
2,300,249
|
Series 2021-6, 1.92%, 11/25/2066(1)(2)
|
2,032,274
|
|
|
4,617,842
|
Towd Point Mortgage Trust Series 2021-R1,
2.92%, 11/30/2060(1)(2)
|
4,090,369
|
|
|
|
Verus Securitization Trust
|
|
|
|
478,250
|
Series 2021-R2, 0.92%, 02/25/2064(1)(2)
|
455,411
|
|
|
1,032,121
|
Series 2021-4, 0.94%, 07/25/2066(1)(2)
|
880,207
|
|
|
568,236
|
Series 2021-2, 1.03%, 02/25/2066(1)(2)
|
519,322
|
|
|
3,919,527
|
Series 2021-3, 1.05%, 06/25/2066(1)(2)
|
3,490,357
|
|
|
1,532,000
|
Series 2021-8, 2.82%, 11/25/2066(1)(2)
|
1,402,677
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 20.4% -
(continued)
|
|||
|
|
Whole Loan Collateral CMO - 8.4% - (continued)
|
||
|
$ 3,724,236
|
Series 2021-7, 2.83%, 10/25/2066(1)(3)
|
$3,412,481
|
|
|
538,546
|
Series 2022-3, 5.13%, 02/25/2067(1)(3)
|
514,471
|
|
|
|
|
|
112,450,106
|
|
|
Total Asset-Backed & Commercial
Mortgage-Backed Securities
(cost $280,914,365)
|
$273,578,428
|
|
|
CONVERTIBLE BONDS - 0.0%
|
|||
|
|
Commercial Banks - 0.0%
|
||
|
EUR
500,000
|
Mitsubishi UFJ Investor Services & Banking
Luxembourg SA 6.53%, 12/15/2050, 3
mo. EURIBOR + 4.50%(2)
|
$370,043
|
|
|
|
Electrical Components & Equipment - 0.0%
|
||
|
100,000
|
Schneider Electric SE 1.25%, 09/23/2033(5)
|
114,835
|
|
|
|
Total Convertible Bonds
(cost $494,975)
|
$484,878
|
|
|
CORPORATE BONDS - 18.5%
|
|||
|
|
Advertising - 0.1%
|
||
|
$ 650,000
|
Outfront Media Capital LLC/Outfront Media
Capital Corp. 7.38%, 02/15/2031(1)
|
$677,764
|
|
|
|
Aerospace & Defense - 0.2%
|
||
|
|
Boeing Co.
|
|
|
|
335,000
|
2.95%, 02/01/2030
|
315,260
|
|
|
90,000
|
3.20%, 03/01/2029
|
86,805
|
|
|
890,000
|
5.15%, 05/01/2030
|
904,899
|
|
|
1,420,000
|
5.71%, 05/01/2040
|
1,422,232
|
|
|
385,000
|
6.39%, 05/01/2031
|
410,541
|
|
|
|
|
|
3,139,737
|
|
|
Agriculture - 0.4%
|
||
|
415,000
|
BAT Capital Corp. 5.83%, 02/20/2031
|
434,288
|
|
|
EUR
250,000
|
BAT International Finance PLC 4.13%,
04/12/2032(5)
|
290,741
|
|
|
160,000
|
Imperial Brands Finance Netherlands BV
5.25%, 02/15/2031(5)
|
195,094
|
|
|
|
Philip Morris International, Inc.
|
|
|
|
175,000
|
3.25%, 06/06/2032
|
196,540
|
|
|
$ 720,000
|
4.38%, 11/01/2027
|
721,757
|
|
|
690,000
|
4.75%, 11/01/2031
|
693,137
|
|
|
1,265,000
|
5.13%, 02/13/2031
|
1,293,812
|
|
|
585,000
|
5.38%, 02/15/2033
|
601,229
|
|
|
215,000
|
5.63%, 11/17/2029
|
223,466
|
|
|
260,000
|
5.63%, 09/07/2033
|
271,273
|
|
|
100,000
|
Turning Point Brands, Inc. 7.63%,
03/15/2032(1)
|
102,340
|
|
|
|
|
|
5,023,677
|
|
|
Airlines - 0.0%
|
||
|
350,000
|
JetBlue Airways Corp./JetBlue Loyalty LP
9.88%, 09/20/2031(1)(6)
|
330,770
|
|
|
|
Auto Manufacturers - 0.0%
|
||
|
200,000
|
Hyundai Capital America 4.75%,
04/06/2029(1)
|
199,928
|
|
|
|
Auto Parts & Equipment - 0.1%
|
||
|
EUR
700,000
|
Clarios Global LP/Clarios U.S. Finance Co.
4.75%, 06/15/2031(5)
|
794,425
|
|
|
$ 340,000
|
Forvia SE 6.75%, 09/15/2033(1)
|
331,973
|
|
|
|
|
|
1,126,398
|
|
|
Beverages - 0.3%
|
||
|
413,000
|
Bacardi Ltd./Bacardi-Martini BV 5.40%,
06/15/2033(1)
|
408,905
|
|
|
|
33
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Beverages - 0.3% - (continued)
|
||
|
|
Keurig Dr. Pepper, Inc.
|
|
|
|
$ 1,336,000
|
2.25%, 03/15/2031
|
$1,180,104
|
|
|
84,000
|
3.20%, 05/01/2030
|
78,762
|
|
|
475,000
|
3.95%, 04/15/2029
|
465,323
|
|
|
655,000
|
4.05%, 04/15/2032
|
619,654
|
|
|
77,000
|
4.60%, 05/15/2030
|
76,199
|
|
|
75,000
|
5.15%, 05/15/2035
|
73,098
|
|
|
455,000
|
5.20%, 03/15/2031
|
459,985
|
|
|
393,000
|
5.30%, 03/15/2034
|
389,650
|
|
|
EUR
178,000
|
Maple Parent Holdings Corp. 3.50%,
03/26/2028(1)
|
205,157
|
|
|
|
|
|
3,956,837
|
|
|
Biotechnology - 0.0%
|
||
|
$ 650,000
|
Royalty Pharma PLC 5.20%, 09/25/2035
|
641,506
|
|
|
|
Chemicals - 0.2%
|
||
|
|
Celanese U.S. Holdings LLC
|
|
|
|
350,000
|
6.50%, 04/15/2030(6)
|
357,173
|
|
|
50,000
|
7.00%, 02/15/2031(6)
|
51,340
|
|
|
165,000
|
7.38%, 02/15/2034(6)
|
169,046
|
|
|
EUR
600,000
|
Itelyum Regeneration SpA 5.75%,
04/15/2030(5)
|
684,073
|
|
|
$ 710,000
|
Olympus Water U.S. Holding Corp. 6.25%,
10/01/2029(1)
|
670,980
|
|
|
400,000
|
Tronox, Inc. 4.63%, 03/15/2029(1)(6)
|
320,282
|
|
|
|
|
|
2,252,894
|
|
|
Commercial Banks - 2.4%
|
||
|
EUR
100,000
|
AL Sydbank 3.63%, 03/05/2030, (3.63%
fixed rate until 03/05/2029; 3 mo.
EURIBOR + 1.45% thereafter)(2)
|
115,474
|
|
|
100,000
|
Banco de Credito Social Cooperativo SA
4.25%, 10/13/2037, (4.25% fixed rate
until 07/13/2032; 1 yr. EURIBOR ICE
Swap + 1.75% thereafter)(2)(5)
|
111,611
|
|
|
200,000
|
Banco Santander SA 4.88%, 10/18/2031(5)
|
242,879
|
|
|
|
Bank of America Corp.
|
|
|
|
$ 550,000
|
1.92%, 10/24/2031, (1.92% fixed rate
until 10/24/2030; 6 mo. USD SOFR +
1.37% thereafter)(2)
|
487,435
|
|
|
840,000
|
2.30%, 07/21/2032, (2.30% fixed rate
until 07/21/2031; 6 mo. USD SOFR +
1.22% thereafter)(2)
|
741,497
|
|
|
645,000
|
3.19%, 07/23/2030, (3.19% fixed rate
until 07/23/2029; 3 mo. USD Term
SOFR + 1.44% thereafter)(2)
|
618,594
|
|
|
140,000
|
4.95%, 07/22/2028, (4.95% fixed rate
until 07/22/2027; 6 mo. USD SOFR +
2.04% thereafter)(2)
|
140,904
|
|
|
EUR
200,000
|
BAWAG Group AG 4.13%, 05/07/2035,
(4.13% fixed rate until 02/07/2030; 5 yr.
EURIBOR ICE Swap + 1.90%
thereafter)(2)(5)
|
228,587
|
|
|
$ 250,000
|
BPCE SA 4.76%, 01/13/2032, (4.76% fixed
rate until 01/13/2031; 6 mo. USD SOFR
+ 1.27% thereafter)(1)(2)
|
246,536
|
|
|
|
CaixaBank SA
|
|
|
|
EUR
100,000
|
4.00%, 03/05/2037, (4.00% fixed rate
until 09/05/2031; 5 yr. EURIBOR ICE
Swap + 1.75% thereafter)(2)(5)
|
112,993
|
|
|
100,000
|
4.25%, 09/06/2030(5)
|
119,280
|
|
|
|
Citigroup, Inc.
|
|
|
|
$ 1,025,000
|
4.50%, 09/11/2031, (4.50% fixed rate
until 09/11/2030; 6 mo. USD SOFR +
1.17% thereafter)(2)
|
1,013,350
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Commercial Banks - 2.4% - (continued)
|
||
|
$ 695,000
|
4.95%, 05/07/2031, (4.95% fixed rate
until 05/07/2030; 6 mo. USD SOFR +
1.46% thereafter)(2)
|
$699,505
|
|
|
100,000
|
7.20%, 05/15/2029, (7.20% fixed rate
until 05/15/2029; 5 yr. USD CMT +
2.91% thereafter)(2)(7)
|
101,907
|
|
|
EUR
250,000
|
CrediaBank SA 9.38%, 01/31/2031, (9.38%
fixed rate until 01/31/2031; 5 yr.
EURIBOR ICE Swap + 7.28%
thereafter)(2)(5)(7)
|
301,980
|
|
|
100,000
|
Credit Agricole SA 3.13%, 07/03/2031,
(3.13% fixed rate until 07/03/2030; 3 mo.
EURIBOR + 0.82% thereafter)(2)(5)
|
112,664
|
|
|
|
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)(2)
|
723,874
|
|
|
225,000
|
2.62%, 04/22/2032, (2.62% fixed rate
until 04/22/2031; 6 mo. USD SOFR +
1.28% thereafter)(2)
|
202,107
|
|
|
EUR
181,000
|
3.51%, 08/17/2033, (3.51% fixed rate
until 08/17/2032; 3 mo. EURIBOR +
0.95% thereafter)(2)(5)
|
203,315
|
|
|
$ 1,170,000
|
4.69%, 10/23/2030, (4.69% fixed rate
until 10/23/2029; 6 mo. USD SOFR +
1.14% thereafter)(2)
|
1,170,916
|
|
|
140,000
|
5.05%, 07/23/2030, (5.05% fixed rate
until 07/23/2029; 6 mo. USD SOFR +
1.21% thereafter)(2)
|
141,687
|
|
|
540,000
|
5.22%, 04/23/2031, (5.22% fixed rate
until 04/23/2030; 6 mo. USD SOFR +
1.58% thereafter)(2)
|
549,107
|
|
|
|
HSBC Holdings PLC
|
|
|
|
605,000
|
4.62%, 11/06/2031, (4.62% fixed rate
until 11/06/2030; 6 mo. USD SOFR +
1.19% thereafter)(2)
|
596,598
|
|
|
1,265,000
|
4.68%, 03/10/2032, (4.68% fixed rate
until 03/10/2031; 6 mo. USD SOFR +
1.53% thereafter)(2)
|
1,248,236
|
|
|
1,475,000
|
5.24%, 05/13/2031, (5.24% fixed rate
until 05/13/2030; 6 mo. USD SOFR +
1.57% thereafter)(2)
|
1,495,775
|
|
|
|
JP Morgan Chase & Co.
|
|
|
|
650,000
|
2.55%, 11/08/2032, (2.55% fixed rate
until 11/08/2031; 6 mo. USD SOFR +
1.18% thereafter)(2)
|
577,794
|
|
|
1,380,000
|
4.26%, 10/22/2031, (4.26% fixed rate
until 10/22/2030; 6 mo. USD SOFR +
0.93% thereafter)(2)
|
1,358,445
|
|
|
960,000
|
4.51%, 10/22/2028, (4.51% fixed rate
until 10/22/2027; 6 mo. USD SOFR +
0.86% thereafter)(2)
|
959,797
|
|
|
250,000
|
4.95%, 10/22/2035, (4.95% fixed rate
until 10/22/2034; 6 mo. USD SOFR +
1.34% thereafter)(2)
|
247,258
|
|
|
1,495,000
|
5.00%, 07/22/2030, (5.00% fixed rate
until 07/22/2029; 6 mo. USD SOFR +
1.13% thereafter)(2)
|
1,516,224
|
|
|
510,000
|
5.10%, 04/22/2031, (5.10% fixed rate
until 04/22/2030; 6 mo. USD SOFR +
1.44% thereafter)(2)
|
519,260
|
|
|
1,340,000
|
5.30%, 07/24/2029, (5.30% fixed rate
until 07/24/2028; 6 mo. USD SOFR +
1.45% thereafter)(2)
|
1,365,008
|
|
|
|
34
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Commercial Banks - 2.4% - (continued)
|
||
|
$ 1,070,000
|
5.34%, 01/23/2035, (5.34% fixed rate
until 01/23/2034; 6 mo. USD SOFR +
1.62% thereafter)(2)
|
$1,086,422
|
|
|
115,000
|
5.58%, 07/23/2036, (5.58% fixed rate
until 07/23/2035; 6 mo. USD SOFR +
1.64% thereafter)(2)
|
116,461
|
|
|
1,575,000
|
5.58%, 04/22/2030, (5.58% fixed rate
until 04/22/2029; 6 mo. USD SOFR +
1.16% thereafter)(2)
|
1,623,299
|
|
|
GBP
550,000
|
Metro Bank Holdings PLC 12.00%,
04/30/2029, (12.00% fixed rate until
04/30/2028; 1 yr. U.K. Government Bond
+ 7.81% thereafter)(2)(5)
|
815,348
|
|
|
|
Morgan Stanley
|
|
|
|
$ 505,000
|
1.79%, 02/13/2032, (1.79% fixed rate
until 02/13/2031; 6 mo. USD SOFR +
1.03% thereafter)(2)
|
437,299
|
|
|
1,530,000
|
1.93%, 04/28/2032, (1.93% fixed rate
until 04/28/2031; 6 mo. USD SOFR +
1.02% thereafter)(2)
|
1,326,229
|
|
|
EUR
267,000
|
3.38%, 01/23/2032, (3.38% fixed rate
until 01/23/2031; 3 mo. EURIBOR +
0.91% thereafter)(2)
|
303,042
|
|
|
$ 305,000
|
3.62%, 04/01/2031, (3.62% fixed rate
until 04/01/2030; 6 mo. USD SOFR +
3.12% thereafter)(2)
|
292,466
|
|
|
1,890,000
|
4.24%, 01/09/2030, (4.24% fixed rate
until 01/09/2029; 6 mo. USD SOFR +
0.80% thereafter)(2)
|
1,870,927
|
|
|
815,000
|
4.71%, 03/12/2032 (4.71% fixed rate until
03/12/2031; thereafter)(2)
|
809,513
|
|
|
460,000
|
5.23%, 01/15/2031, (5.23% fixed rate
until 01/15/2030; 6 mo. USD SOFR +
1.11% thereafter)(2)
|
467,075
|
|
|
120,000
|
5.47%, 01/18/2035, (5.47% fixed rate
until 01/18/2034; 6 mo. USD SOFR +
1.73% thereafter)(2)
|
121,983
|
|
|
500,000
|
5.83%, 04/19/2035, (5.83% fixed rate
until 04/19/2034; 6 mo. USD SOFR +
1.58% thereafter)(2)
|
519,094
|
|
|
160,000
|
6.41%, 11/01/2029, (6.41% fixed rate
until 11/01/2028; 6 mo. USD SOFR +
1.83% thereafter)(2)
|
166,991
|
|
|
1,720,000
|
Morgan Stanley Private Bank NA 4.21%,
02/08/2030, (4.21% fixed rate until
02/08/2029; 6 mo. USD SOFR + 0.76%
thereafter)(2)
|
1,702,583
|
|
|
EUR
260,000
|
Nykredit Realkredit AS 3.50%,
07/10/2031(5)
|
295,929
|
|
|
165,000
|
Piraeus Bank SA 5.00%, 04/16/2030,
(5.00% fixed rate until 04/16/2029; 1 yr.
EURIBOR ICE Swap + 2.25%
thereafter)(2)(5)
|
197,113
|
|
|
100,000
|
Societe Generale SA 7.88%, 01/18/2029,
(7.88% fixed rate until 01/18/2029; 5 yr.
EUR Swap + 5.23% thereafter)(2)(5)(7)
|
121,504
|
|
|
|
Wells Fargo & Co.
|
|
|
|
$ 320,000
|
3.35%, 03/02/2033, (3.35% fixed rate
until 03/02/2032; 6 mo. USD SOFR +
1.50% thereafter)(2)
|
293,819
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Commercial Banks - 2.4% - (continued)
|
||
|
$ 520,000
|
4.90%, 07/25/2033, (4.90% fixed rate
until 07/25/2032; 6 mo. USD SOFR +
2.10% thereafter)(2)
|
$517,341
|
|
|
535,000
|
6.49%, 10/23/2034, (6.49% fixed rate
until 10/23/2033; 6 mo. USD SOFR +
2.06% thereafter)(2)
|
579,273
|
|
|
|
|
|
31,934,308
|
|
|
Commercial Services - 0.2%
|
||
|
675,000
|
Allied Universal Holdco LLC 7.88%,
02/15/2031(1)
|
696,070
|
|
|
EUR
100,000
|
BCP V Modular Services Finance II PLC
4.75%, 11/30/2028(5)
|
108,734
|
|
|
$ 1,330,000
|
Element Fleet Management Corp. 4.64%,
11/24/2030(1)
|
1,311,248
|
|
|
|
|
|
2,116,052
|
|
|
Construction Materials - 0.1%
|
||
|
|
CP Atlas Buyer, Inc.
|
|
|
|
325,000
|
9.75%, 07/15/2030(1)
|
304,778
|
|
|
179,667
|
12.75%, 01/15/2031(1)(8)
|
138,678
|
|
|
475,000
|
JH North America Holdings, Inc. 6.13%,
07/31/2032(1)
|
473,107
|
|
|
|
|
|
916,563
|
|
|
Diversified Financial Services - 0.4%
|
||
|
750,000
|
CrossCountry Intermediate HoldCo LLC
6.50%, 10/01/2030(1)
|
714,854
|
|
|
|
Freedom Mortgage Holdings LLC
|
|
|
|
350,000
|
7.88%, 04/01/2033(1)
|
328,150
|
|
|
325,000
|
9.25%, 02/01/2029(1)
|
329,417
|
|
|
375,000
|
goeasy Ltd. 6.88%, 02/15/2031(1)
|
301,689
|
|
|
215,000
|
Rfna LP 7.88%, 02/15/2030(1)
|
205,474
|
|
|
|
Synchrony Financial
|
|
|
|
565,000
|
2.88%, 10/28/2031
|
492,913
|
|
|
641,000
|
4.95%, 02/25/2032 (4.95% fixed rate until
02/25/2031; thereafter)(2)
|
622,092
|
|
|
650,000
|
5.45%, 03/06/2031, (5.45% fixed rate
until 03/06/2030; 6 mo. USD SOFR +
1.68% thereafter)(2)
|
649,462
|
|
|
1,135,000
|
6.00%, 07/29/2036, (6.00% fixed rate
until 07/29/2035; 6 mo. USD SOFR +
2.07% thereafter)(2)
|
1,119,477
|
|
|
|
|
|
4,763,528
|
|
|
Electric - 3.3%
|
||
|
635,000
|
AES Andes SA 6.25%, 03/14/2032(1)
|
651,314
|
|
|
610,000
|
Alabama Power Co. 3.45%, 10/01/2049
|
423,971
|
|
|
415,000
|
Arizona Public Service Co. 5.70%,
08/15/2034
|
429,501
|
|
|
|
Clearway Energy Operating LLC
|
|
|
|
375,000
|
3.75%, 02/15/2031(1)
|
347,240
|
|
|
350,000
|
4.75%, 03/15/2028(1)
|
345,330
|
|
|
70,000
|
5.75%, 01/15/2034(1)
|
68,789
|
|
|
310,000
|
Cleco Corporate Holdings LLC 3.38%,
09/15/2029
|
289,772
|
|
|
|
Consolidated Edison Co. of New York, Inc.
|
|
|
|
545,000
|
3.20%, 12/01/2051
|
355,500
|
|
|
520,000
|
5.50%, 03/15/2055
|
494,150
|
|
|
375,000
|
5.75%, 11/15/2055
|
370,129
|
|
|
|
Dominion Energy, Inc.
|
|
|
|
1,245,000
|
6.00%, 02/15/2056, (6.00% fixed rate
until 11/15/2030; 5 yr. USD CMT +
2.26% thereafter)(2)
|
1,237,065
|
|
|
203,000
|
6.88%, 02/01/2055, (6.88% fixed rate
until 11/03/2029; 5 yr. USD CMT +
2.39% thereafter)(2)
|
208,922
|
|
|
|
35
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Electric - 3.3% - (continued)
|
||
|
$ 400,000
|
Duke Energy Carolinas LLC 4.25%,
12/15/2041
|
$343,116
|
|
|
|
Duke Energy Corp.
|
|
|
|
1,600,000
|
2.55%, 06/15/2031
|
1,438,535
|
|
|
320,000
|
3.30%, 06/15/2041
|
240,603
|
|
|
1,645,000
|
4.95%, 09/15/2035
|
1,603,620
|
|
|
610,000
|
Duke Energy Florida LLC 1.75%,
06/15/2030
|
545,832
|
|
|
|
Duke Energy Indiana LLC
|
|
|
|
640,000
|
3.25%, 10/01/2049
|
431,563
|
|
|
5,000
|
4.95%, 03/15/2036
|
4,922
|
|
|
|
Duke Energy Progress LLC
|
|
|
|
670,000
|
4.38%, 03/30/2044
|
568,446
|
|
|
345,000
|
5.55%, 03/15/2055
|
333,280
|
|
|
|
Edison International
|
|
|
|
765,000
|
4.80%, 03/15/2031
|
746,770
|
|
|
219,000
|
5.25%, 03/15/2032
|
216,748
|
|
|
1,000,000
|
6.25%, 03/15/2030
|
1,036,008
|
|
|
|
Eversource Energy
|
|
|
|
1,050,000
|
4.45%, 12/15/2030
|
1,035,704
|
|
|
1,120,000
|
5.13%, 05/15/2033
|
1,116,266
|
|
|
|
Georgia Power Co.
|
|
|
|
245,000
|
4.30%, 03/15/2042
|
211,376
|
|
|
330,000
|
4.55%, 03/15/2030
|
331,306
|
|
|
1,710,000
|
4.85%, 03/15/2031
|
1,731,263
|
|
|
410,000
|
5.20%, 03/15/2035
|
416,437
|
|
|
EUR
200,000
|
Iberdrola Finanzas SA 3.50%, 05/16/2035(5)
|
225,075
|
|
|
$ 195,000
|
Jersey Central Power & Light Co. 5.10%,
01/15/2035
|
194,916
|
|
|
|
NSTAR Electric Co.
|
|
|
|
290,000
|
5.20%, 03/01/2035
|
291,808
|
|
|
355,000
|
5.40%, 06/01/2034
|
362,857
|
|
|
275,000
|
Ohio Edison Co. 5.50%, 01/15/2033(1)
|
283,117
|
|
|
|
Pacific Gas & Electric Co.
|
|
|
|
1,170,000
|
2.50%, 02/01/2031
|
1,048,560
|
|
|
329,000
|
3.30%, 08/01/2040
|
246,047
|
|
|
225,000
|
3.50%, 08/01/2050
|
148,768
|
|
|
195,000
|
4.50%, 07/01/2040
|
166,401
|
|
|
680,000
|
4.55%, 07/01/2030
|
670,783
|
|
|
131,000
|
4.60%, 06/15/2043
|
107,786
|
|
|
270,000
|
4.75%, 02/15/2044
|
224,958
|
|
|
390,000
|
5.05%, 10/15/2032
|
387,465
|
|
|
1,505,000
|
5.80%, 05/15/2034
|
1,542,158
|
|
|
920,000
|
6.10%, 01/15/2029
|
951,999
|
|
|
727,000
|
6.15%, 01/15/2033
|
760,150
|
|
|
793,000
|
6.75%, 01/15/2053
|
822,806
|
|
|
38,000
|
6.95%, 03/15/2034
|
41,616
|
|
|
|
PacifiCorp
|
|
|
|
160,000
|
3.30%, 03/15/2051
|
99,636
|
|
|
263,000
|
4.13%, 01/15/2049
|
192,802
|
|
|
290,000
|
5.45%, 04/15/2033
|
290,930
|
|
|
235,000
|
5.80%, 04/15/2036
|
236,883
|
|
|
560,000
|
PG&E Corp. 6.85%, 09/15/2056, (6.85%
fixed rate until 06/15/2031; 5 yr. USD
CMT + 3.23% thereafter)(2)
|
553,352
|
|
|
|
Pinnacle West Capital Corp.
|
|
|
|
901,000
|
4.90%, 05/15/2028
|
907,775
|
|
|
791,000
|
5.15%, 05/15/2030
|
802,631
|
|
|
1,420,000
|
Public Service Co. of Oklahoma 5.20%,
01/15/2035
|
1,412,501
|
|
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
135,000
|
5.45%, 04/01/2034
|
137,038
|
|
|
330,000
|
6.13%, 10/15/2033
|
349,519
|
|
|
1,740,000
|
Puget Energy, Inc. 5.73%, 03/15/2035
|
1,752,660
|
|
|
|
Southern California Edison Co.
|
|
|
|
255,000
|
3.65%, 02/01/2050
|
174,896
|
|
|
102,000
|
3.90%, 03/15/2043
|
77,017
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Electric - 3.3% - (continued)
|
||
|
$ 309,000
|
4.00%, 04/01/2047
|
$229,565
|
|
|
701,000
|
4.13%, 03/01/2048
|
524,661
|
|
|
335,000
|
4.65%, 10/01/2043
|
280,155
|
|
|
680,000
|
5.15%, 06/01/2029
|
689,553
|
|
|
725,000
|
5.45%, 06/01/2052
|
642,399
|
|
|
503,000
|
5.70%, 03/01/2053
|
461,774
|
|
|
414,000
|
5.88%, 12/01/2053
|
391,499
|
|
|
57,000
|
5.90%, 03/01/2055
|
54,329
|
|
|
265,000
|
6.00%, 01/15/2034
|
276,279
|
|
|
100,000
|
Southern Co. 6.38%, 03/15/2055, (6.38%
fixed rate until 12/15/2034; 5 yr. USD
CMT + 2.07% thereafter)(2)
|
102,854
|
|
|
390,000
|
Southern Power Co. 4.90%, 10/01/2035
|
377,168
|
|
|
|
Southwestern Electric Power Co.
|
|
|
|
260,000
|
5.20%, 04/01/2036
|
255,671
|
|
|
400,000
|
5.90%, 04/01/2056
|
389,262
|
|
|
350,000
|
Trans-Allegheny Interstate Line Co. 5.00%,
01/15/2031(1)
|
355,539
|
|
|
|
Virginia Electric & Power Co.
|
|
|
|
356,000
|
2.45%, 12/15/2050
|
198,435
|
|
|
65,000
|
4.20%, 05/15/2045
|
52,087
|
|
|
295,000
|
4.90%, 09/15/2035
|
288,623
|
|
|
2,381,000
|
4.95%, 03/15/2036
|
2,320,982
|
|
|
325,000
|
5.00%, 01/15/2034
|
323,931
|
|
|
855,000
|
WEC Energy Group, Inc. 4.75%, 01/15/2028
|
861,256
|
|
|
|
Xcel Energy, Inc.
|
|
|
|
245,000
|
4.60%, 06/01/2032
|
240,668
|
|
|
565,000
|
4.75%, 03/21/2028
|
567,900
|
|
|
285,000
|
5.60%, 04/15/2035
|
289,632
|
|
|
675,000
|
XPLR Infrastructure Operating Partners LP
7.25%, 01/15/2029(1)(6)
|
694,687
|
|
|
|
|
|
43,907,297
|
|
|
Electronics - 0.1%
|
||
|
750,000
|
Imola Merger Corp. 4.75%, 05/15/2029(1)
|
728,950
|
|
|
EUR
260,000
|
Tyco Electronics Group SA 3.25%,
01/31/2033
|
291,016
|
|
|
|
|
|
1,019,966
|
|
|
Energy-Alternate Sources - 0.0%
|
||
|
|
Pacific Gas & Electric Co.
|
|
|
|
$ 313,000
|
4.30%, 03/15/2045
|
244,478
|
|
|
210,000
|
6.70%, 04/01/2053
|
217,367
|
|
|
|
|
|
461,845
|
|
|
Entertainment - 0.1%
|
||
|
750,000
|
Cinemark USA, Inc. 7.00%, 08/01/2032(1)(6)
|
770,615
|
|
|
350,000
|
Great Canadian Gaming Corp./Raptor LLC
8.75%, 11/15/2029(1)
|
341,462
|
|
|
375,000
|
Penn Entertainment, Inc. 4.13%,
07/01/2029(1)(6)
|
350,702
|
|
|
|
|
|
1,462,779
|
|
|
Environmental Control - 0.0%
|
||
|
EUR
155,000
|
Veralto Corp. 4.15%, 09/19/2031
|
181,896
|
|
|
|
Food - 0.6%
|
||
|
200,000
|
Barry Callebaut Services NV 3.75%,
02/19/2028(5)
|
230,694
|
|
|
|
Bellis Acquisition Co. PLC
|
|
|
|
100,000
|
8.00%, 07/01/2031(5)(6)
|
108,902
|
|
|
GBP
600,000
|
8.13%, 05/14/2030(5)(6)
|
732,351
|
|
|
$ 45,000
|
Flowers Foods, Inc. 6.20%, 03/15/2055
|
36,502
|
|
|
750,000
|
Froneri Lux FinCo SARL 6.00%,
08/01/2032(1)
|
731,166
|
|
|
277,000
|
Industrial F&B Investments III, Inc. 7.75%,
02/11/2033(1)
|
279,868
|
|
|
|
36
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Food - 0.6% - (continued)
|
||
|
|
JBS NV/JBS USA Foods Group Holdings,
Inc./JBS USA Food Co. Holdings
|
|
|
|
$ 265,000
|
5.50%, 01/15/2036
|
$265,122
|
|
|
175,000
|
6.25%, 03/01/2056
|
171,553
|
|
|
1,960,000
|
6.38%, 04/15/2066
|
1,923,273
|
|
|
370,000
|
6.75%, 03/15/2034
|
406,944
|
|
|
|
Mars, Inc.
|
|
|
|
435,000
|
5.20%, 03/01/2035(1)
|
439,142
|
|
|
2,740,000
|
5.65%, 05/01/2045(1)
|
2,705,794
|
|
|
95,000
|
Pilgrim's Pride Corp. 6.88%, 05/15/2034
|
102,558
|
|
|
|
|
|
8,133,869
|
|
|
Gas - 0.3%
|
||
|
1,570,000
|
MPLX LP 5.50%, 06/01/2034
|
1,586,157
|
|
|
1,050,000
|
NiSource, Inc. 5.35%, 07/15/2035
|
1,057,144
|
|
|
1,090,000
|
Southern California Gas Co. 6.00%,
06/15/2055
|
1,090,956
|
|
|
505,000
|
Southern Co. Gas Capital Corp. 5.10%,
09/15/2035
|
498,418
|
|
|
|
|
|
4,232,675
|
|
|
Healthcare - Products - 0.4%
|
||
|
480,000
|
Augusta SpinCo Corp. 4.66%, 03/23/2031
|
477,800
|
|
|
950,000
|
Avantor Funding, Inc. 3.88%, 11/01/2029(1)
|
891,283
|
|
|
|
Baxter International, Inc.
|
|
|
|
440,000
|
2.54%, 02/01/2032
|
370,300
|
|
|
1,335,000
|
4.90%, 12/15/2030
|
1,317,789
|
|
|
1,855,000
|
Thermo Fisher Scientific, Inc. 4.47%,
10/07/2032
|
1,835,542
|
|
|
|
|
|
4,892,714
|
|
|
Healthcare - Services - 0.4%
|
||
|
|
Acadia Healthcare Co., Inc.
|
|
|
|
250,000
|
5.00%, 04/15/2029(1)
|
243,402
|
|
|
250,000
|
7.38%, 03/15/2033(1)(6)
|
255,956
|
|
|
|
Centene Corp.
|
|
|
|
2,175,000
|
2.50%, 03/01/2031
|
1,825,158
|
|
|
175,000
|
3.00%, 10/15/2030
|
153,363
|
|
|
|
CHS/Community Health Systems, Inc.
|
|
|
|
200,000
|
4.75%, 02/15/2031(1)
|
184,385
|
|
|
200,000
|
6.88%, 04/15/2029(1)
|
192,328
|
|
|
120,000
|
10.88%, 01/15/2032(1)
|
128,743
|
|
|
|
Humana, Inc.
|
|
|
|
350,000
|
5.55%, 05/01/2035
|
346,083
|
|
|
218,000
|
5.95%, 03/15/2034
|
222,312
|
|
|
|
Icon Investments Six DAC
|
|
|
|
200,000
|
5.85%, 05/08/2029
|
203,923
|
|
|
475,000
|
6.00%, 05/08/2034
|
481,175
|
|
|
675,000
|
Star Parent, Inc. 9.00%, 10/01/2030(1)
|
699,301
|
|
|
|
|
|
4,936,129
|
|
|
Insurance - 0.3%
|
||
|
|
Allianz SE
|
|
|
|
EUR
200,000
|
4.25%, 07/05/2052, (4.25% fixed rate
until 01/05/2032; 3 mo. EURIBOR +
3.55% thereafter)(2)(5)
|
231,704
|
|
|
$ 200,000
|
5.10%, 01/30/2049, (5.10% fixed rate
until 01/30/2029; 3 mo. USD Term
SOFR + 3.70% thereafter)(2)(5)
|
200,371
|
|
|
50,000
|
American National Global Funding 4.88%,
01/23/2031(1)
|
48,938
|
|
|
EUR
150,000
|
ASR Nederland NV 7.00%, 12/07/2043,
(7.00% fixed rate until 09/07/2033; 5 yr.
EUR Swap + 5.30% thereafter)(2)(5)
|
199,419
|
|
|
|
Asurion LLC/Asurion Co-Issuer, Inc.
|
|
|
|
$ 210,000
|
8.00%, 12/31/2032(1)
|
217,864
|
|
|
190,000
|
8.38%, 02/01/2034(1)
|
184,464
|
|
|
|
Athene Global Funding
|
|
|
|
EUR
100,000
|
3.41%, 02/25/2030(5)
|
111,836
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Insurance - 0.3% - (continued)
|
||
|
$ 195,000
|
5.58%, 01/09/2029(1)
|
$196,793
|
|
|
GBP
180,000
|
Aviva PLC 4.00%, 06/03/2055, (4.00% fixed
rate until 03/03/2035; 5 yr. U.K.
Government Bond + 4.70%
thereafter)(2)(5)
|
198,953
|
|
|
EUR
100,000
|
AXA SA 6.38%, 07/16/2033, (6.38% fixed
rate until 07/16/2033; 5 yr. EURIBOR ICE
Swap + 3.84% thereafter)(2)(5)(7)
|
119,995
|
|
|
$ 98,000
|
CNO Financial Group, Inc. 6.45%,
06/15/2034
|
101,123
|
|
|
150,000
|
GA Global Funding Trust 5.50%,
01/08/2029(1)
|
151,825
|
|
|
54,000
|
Global Atlantic Fin Co. 6.75%, 03/15/2054(1)
|
50,303
|
|
|
350,000
|
Howden U.K. Refinance PLC/Howden U.K.
Refinance 2 PLC/Howden U.S. Refinance
LLC 7.25%, 02/15/2031(1)
|
352,947
|
|
|
|
Lincoln National Corp.
|
|
|
|
974,000
|
5.35%, 11/15/2035(6)
|
949,362
|
|
|
194,000
|
9.25%, 12/01/2027, (9.25% fixed rate
until 12/01/2027; 5 yr. USD CMT +
5.32% thereafter)(2)(6)(7)
|
202,439
|
|
|
EUR
174,000
|
Metropolitan Life Global Funding I 3.25%,
03/31/2030(5)
|
198,401
|
|
|
|
Muenchener
Rueckversicherungs-Gesellschaft AG in
Muenchen
|
|
|
|
200,000
|
1.25%, 05/26/2041, (1.25% fixed rate
until 11/26/2030; 3 mo. EURIBOR +
2.55% thereafter)(2)(5)
|
203,874
|
|
|
100,000
|
4.25%, 05/26/2044, (4.25% fixed rate
until 11/26/2033; 3 mo. EURIBOR +
2.60% thereafter)(2)(5)
|
115,000
|
|
|
$ 200,000
|
SCOR SE 5.25%, 03/13/2029, (5.25% fixed
rate until 03/13/2029; 5 yr. USD CMT +
2.37% thereafter)(2)(5)(7)
|
186,432
|
|
|
EUR
100,000
|
Sogecap SA 6.25%, 07/08/2035, (6.25%
fixed rate until 07/08/2035; 5 yr.
EURIBOR ICE Swap + 3.75%
thereafter)(2)(5)(7)
|
112,595
|
|
|
$ 225,000
|
Zurich Finance Ireland Designated Activity
Co. 3.00%, 04/19/2051, (3.00% fixed rate
until 01/19/2031; 5 yr. USD CMT + 2.78%
thereafter)(2)(5)
|
201,015
|
|
|
|
|
|
4,535,653
|
|
|
Internet - 0.8%
|
||
|
|
Alphabet, Inc.
|
|
|
|
1,762,000
|
5.30%, 05/15/2065
|
1,630,959
|
|
|
1,420,000
|
5.70%, 11/15/2075
|
1,376,217
|
|
|
275,000
|
5.75%, 02/15/2066
|
272,344
|
|
|
GBP
100,000
|
6.13%, 02/13/2126
|
125,100
|
|
|
|
Amazon.com, Inc.
|
|
|
|
EUR
143,000
|
4.05%, 03/16/2039
|
162,225
|
|
|
135,000
|
4.45%, 03/16/2045
|
153,735
|
|
|
$ 440,000
|
5.55%, 11/20/2065
|
415,730
|
|
|
30,000
|
5.65%, 03/13/2046
|
29,896
|
|
|
1,530,000
|
5.95%, 03/13/2066
|
1,535,015
|
|
|
65,000
|
6.05%, 03/13/2076
|
64,619
|
|
|
99,000
|
Beignet Investor LLC 6.58%, 05/30/2049(1)
|
101,788
|
|
|
EUR
100,000
|
iliad SA 4.25%, 01/09/2032(5)
|
113,184
|
|
|
|
Meta Platforms, Inc.
|
|
|
|
$ 180,000
|
5.50%, 11/15/2045
|
170,337
|
|
|
1,015,000
|
5.55%, 08/15/2064
|
912,239
|
|
|
1,800,000
|
5.75%, 11/15/2065
|
1,671,847
|
|
|
|
37
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Internet - 0.8% - (continued)
|
||
|
EUR
200,000
|
Rakuten Group, Inc. 4.25%, 04/22/2027,
(4.25% fixed rate until 04/22/2027; 5 yr.
EUR Swap + 4.74% thereafter)(2)(5)(7)
|
$224,146
|
|
|
$ 930,000
|
Uber Technologies, Inc. 4.80%, 09/15/2035
|
902,429
|
|
|
EUR
250,000
|
United Group BV 6.50%, 10/31/2031(1)
|
284,646
|
|
|
$ 750,000
|
Wayfair LLC 7.25%, 10/31/2029(1)
|
765,588
|
|
|
|
|
|
10,912,044
|
|
|
Investment Company Security - 0.5%
|
||
|
|
Ares Strategic Income Fund
|
|
|
|
1,180,000
|
5.15%, 01/15/2031(1)
|
1,114,474
|
|
|
1,220,000
|
5.55%, 04/15/2031(1)
|
1,168,732
|
|
|
1,005,000
|
5.80%, 09/09/2030(1)
|
977,250
|
|
|
85,000
|
HA Sustainable Infrastructure Capital, Inc.
7.13%, 11/15/2056, (7.13% fixed rate
until 08/17/2031; 5 yr. USD CMT + 3.48%
thereafter)(2)
|
84,595
|
|
|
|
HPS Corporate Lending Fund
|
|
|
|
160,000
|
5.15%, 04/02/2029(1)
|
155,464
|
|
|
165,000
|
5.45%, 11/15/2030(1)
|
157,779
|
|
|
1,875,000
|
5.65%, 04/02/2031(1)
|
1,798,679
|
|
|
810,000
|
5.85%, 06/05/2030(1)
|
790,598
|
|
|
EUR
200,000
|
JAB Holdings BV 4.75%, 06/29/2032(5)
|
239,510
|
|
|
|
|
|
6,487,081
|
|
|
IT Services - 0.1%
|
||
|
$ 100,000
|
Hewlett Packard Enterprise Co. 4.50%,
03/23/2028
|
100,006
|
|
|
775,000
|
McAfee Corp. 7.38%, 02/15/2030(1)(6)
|
640,298
|
|
|
|
|
|
740,304
|
|
|
Leisure Time - 0.0%
|
||
|
500,000
|
NCL Corp. Ltd. 6.25%, 03/01/2030(1)
|
496,295
|
|
|
|
Lodging - 0.0%
|
||
|
200,000
|
Studio City Finance Ltd. 5.00%,
01/15/2029(5)
|
187,535
|
|
|
|
Machinery-Diversified - 0.1%
|
||
|
875,000
|
Westinghouse Air Brake Technologies Corp.
4.90%, 05/29/2030
|
884,168
|
|
|
|
Media - 0.9%
|
||
|
|
CCO Holdings LLC/CCO Holdings Capital
Corp.
|
|
|
|
1,000,000
|
4.25%, 02/01/2031(1)
|
911,455
|
|
|
220,000
|
7.38%, 02/01/2036(1)(6)
|
219,086
|
|
|
|
Charter Communications
Operating LLC/Charter Communications
Operating Capital
|
|
|
|
665,000
|
3.70%, 04/01/2051
|
411,578
|
|
|
272,000
|
3.85%, 04/01/2061
|
158,851
|
|
|
910,000
|
5.13%, 07/01/2049
|
698,679
|
|
|
205,000
|
5.75%, 04/01/2048
|
170,970
|
|
|
560,000
|
6.38%, 10/23/2035
|
568,671
|
|
|
520,000
|
6.48%, 10/23/2045
|
479,422
|
|
|
200,000
|
6.65%, 02/01/2034
|
208,627
|
|
|
|
Comcast Corp.
|
|
|
|
160,000
|
2.80%, 01/15/2051
|
91,528
|
|
|
1,430,000
|
2.89%, 11/01/2051
|
826,634
|
|
|
734,000
|
2.94%, 11/01/2056
|
406,610
|
|
|
110,000
|
3.40%, 07/15/2046
|
75,022
|
|
|
|
Cox Communications, Inc.
|
|
|
|
65,000
|
2.60%, 06/15/2031(1)
|
57,558
|
|
|
930,000
|
5.95%, 09/01/2054(1)
|
811,362
|
|
|
350,000
|
Directv Financing LLC/Directv Financing
Co-Obligor, Inc. 10.00%, 02/15/2031(1)
|
357,290
|
|
|
|
Paramount Global
|
|
|
|
1,710,000
|
4.38%, 03/15/2043
|
1,034,153
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Media - 0.9% - (continued)
|
||
|
$ 210,000
|
4.95%, 01/15/2031
|
$194,526
|
|
|
1,160,000
|
4.95%, 05/19/2050
|
692,484
|
|
|
580,000
|
5.25%, 04/01/2044
|
367,011
|
|
|
1,279,000
|
5.85%, 09/01/2043
|
887,967
|
|
|
750,000
|
Scripps Escrow II, Inc. 3.88%,
01/15/2029(1)(6)
|
693,709
|
|
|
880,000
|
Time Warner Cable Enterprises LLC 8.38%,
07/15/2033
|
996,404
|
|
|
780,000
|
Time Warner Cable LLC 6.55%, 05/01/2037
|
786,393
|
|
|
|
|
|
12,105,990
|
|
|
Mining - 0.3%
|
||
|
|
Anglo American Capital PLC
|
|
|
|
300,000
|
3.88%, 03/16/2029(1)
|
293,944
|
|
|
450,000
|
4.50%, 03/15/2028(1)
|
450,011
|
|
|
EUR
175,000
|
Glencore Capital Finance DAC 3.67%,
10/06/2032(5)
|
197,646
|
|
|
|
Glencore Funding LLC
|
|
|
|
$ 365,000
|
5.37%, 04/04/2029(1)
|
372,590
|
|
|
360,000
|
5.63%, 04/04/2034(1)
|
368,450
|
|
|
830,000
|
6.38%, 10/06/2030(1)
|
880,491
|
|
|
375,000
|
6.50%, 10/06/2033(1)
|
405,782
|
|
|
|
Kaiser Aluminum Corp.
|
|
|
|
370,000
|
4.50%, 06/01/2031(1)(6)
|
349,553
|
|
|
350,000
|
5.88%, 03/01/2034(1)
|
343,654
|
|
|
520,000
|
Rio Tinto Alcan, Inc. 6.13%, 12/15/2033
|
557,952
|
|
|
|
|
|
4,220,073
|
|
|
Miscellaneous Manufacturing - 0.0%
|
||
|
EUR
135,000
|
Parker-Hannifin Corp. 2.90%, 03/01/2030
|
152,178
|
|
|
|
Oil & Gas - 1.1%
|
||
|
|
Aker BP ASA
|
|
|
|
$ 355,000
|
4.00%, 01/15/2031(1)
|
340,547
|
|
|
435,000
|
5.25%, 10/30/2035(1)
|
423,019
|
|
|
50,000
|
APA Corp. 6.75%, 02/15/2055
|
50,103
|
|
|
EUR
180,000
|
BP Capital Markets PLC 2.82%,
04/07/2032(5)
|
198,388
|
|
|
|
ConocoPhillips Co.
|
|
|
|
$ 725,000
|
3.80%, 03/15/2052
|
529,646
|
|
|
265,000
|
4.03%, 03/15/2062
|
190,891
|
|
|
265,000
|
5.65%, 01/15/2065
|
251,985
|
|
|
490,000
|
5.70%, 09/15/2063
|
471,577
|
|
|
|
Diamondback Energy, Inc.
|
|
|
|
525,000
|
5.40%, 04/18/2034
|
532,978
|
|
|
900,000
|
5.90%, 04/18/2064
|
851,615
|
|
|
80,000
|
6.25%, 03/15/2053
|
80,910
|
|
|
|
Ecopetrol SA
|
|
|
|
1,345,000
|
7.75%, 02/01/2032
|
1,358,268
|
|
|
1,260,000
|
8.38%, 01/19/2036
|
1,277,478
|
|
|
905,000
|
Energean Israel Finance Ltd. 5.88%,
03/30/2031(5)
|
840,659
|
|
|
EUR
125,000
|
Exxon Mobil Corp. 1.41%, 06/26/2039
|
104,045
|
|
|
$ 700,000
|
Matador Resources Co. 6.50%,
04/15/2032(1)
|
707,623
|
|
|
|
Petroleos Mexicanos
|
|
|
|
1,750,000
|
5.95%, 01/28/2031
|
1,670,457
|
|
|
1,485,000
|
6.35%, 02/12/2048
|
1,136,177
|
|
|
|
Saudi Arabian Oil Co.
|
|
|
|
590,000
|
6.00%, 02/02/2056(1)
|
555,709
|
|
|
935,000
|
6.38%, 06/02/2055(1)
|
928,883
|
|
|
750,000
|
SM Energy Co. 6.75%, 08/01/2029(1)
|
761,360
|
|
|
531,000
|
Talos Production, Inc. 9.00%, 02/01/2029(1)
|
552,725
|
|
|
|
TotalEnergies Capital SA
|
|
|
|
275,000
|
5.43%, 09/10/2064
|
255,697
|
|
|
|
38
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Oil & Gas - 1.1% - (continued)
|
||
|
$ 745,000
|
5.64%, 04/05/2064
|
$714,886
|
|
|
EUR
100,000
|
Var Energi ASA 7.86%, 11/15/2083, (7.86%
fixed rate until 11/15/2028; 5 yr.
EURIBOR ICE Swap + 4.77%
thereafter)(2)(5)
|
124,665
|
|
|
|
|
|
14,910,291
|
|
|
Oil & Gas Services - 0.0%
|
||
|
$ 350,000
|
USA Compression Partners LP/USA
Compression Finance Corp. 6.25%,
10/01/2033(1)
|
348,899
|
|
|
|
Packaging & Containers - 0.1%
|
||
|
|
Clydesdale Acquisition Holdings, Inc.
|
|
|
|
350,000
|
6.63%, 04/15/2029(1)
|
343,722
|
|
|
350,000
|
8.75%, 04/15/2030(1)
|
326,576
|
|
|
350,000
|
Mauser Packaging Solutions Holding Co.
9.25%, 04/15/2030(1)
|
325,209
|
|
|
479,000
|
TriMas Corp. 4.13%, 04/15/2029(1)
|
455,794
|
|
|
|
|
|
1,451,301
|
|
|
Pharmaceuticals - 0.4%
|
||
|
|
Cardinal Health, Inc.
|
|
|
|
1,285,000
|
4.50%, 09/15/2030
|
1,278,209
|
|
|
1,260,000
|
5.00%, 11/15/2029
|
1,278,946
|
|
|
95,000
|
CVS Health Corp. 7.00%, 03/10/2055,
(7.00% fixed rate until 12/10/2029; 5 yr.
USD CMT + 2.89% thereafter)(2)
|
97,906
|
|
|
EUR
170,000
|
Teva Pharmaceutical Finance Netherlands
II BV 4.38%, 05/09/2030
|
196,392
|
|
|
$ 500,000
|
Teva Pharmaceutical Finance Netherlands
III BV 6.00%, 12/01/2032
|
513,170
|
|
|
EUR
150,000
|
Upjohn Finance BV 1.91%, 06/23/2032(5)
|
151,237
|
|
|
|
Viatris, Inc.
|
|
|
|
$ 965,000
|
3.85%, 06/22/2040
|
732,404
|
|
|
785,000
|
4.00%, 06/22/2050
|
514,495
|
|
|
|
|
|
4,762,759
|
|
|
Pipelines - 1.2%
|
||
|
|
Buckeye Partners LP
|
|
|
|
250,000
|
5.85%, 11/15/2043
|
226,276
|
|
|
500,000
|
6.75%, 02/01/2030(1)
|
516,006
|
|
|
100,000
|
Cheniere Energy, Inc. 5.20%, 07/30/2036(1)
|
98,978
|
|
|
|
Columbia Pipelines Holding Co. LLC
|
|
|
|
455,000
|
5.00%, 11/17/2032(1)
|
452,003
|
|
|
363,000
|
5.10%, 10/01/2031(1)
|
364,962
|
|
|
|
Enbridge, Inc.
|
|
|
|
215,000
|
4.85%, 03/27/2031
|
215,869
|
|
|
865,000
|
5.45%, 03/27/2036
|
872,453
|
|
|
105,000
|
5.75%, 07/15/2080, (5.75% fixed rate
until 04/15/2030; 5 yr. USD CMT +
5.31% thereafter)(2)
|
104,793
|
|
|
90,000
|
8.50%, 01/15/2084, (8.50% fixed rate
until 10/15/2033; 5 yr. USD CMT +
4.43% thereafter)(2)
|
101,257
|
|
|
|
Energy Transfer LP
|
|
|
|
462,000
|
5.00%, 05/15/2050
|
383,403
|
|
|
100,000
|
8.00%, 05/15/2054, (8.00% fixed rate
until 02/15/2029; 5 yr. USD CMT +
4.02% thereafter)(2)
|
104,739
|
|
|
|
Enterprise Products Operating LLC
|
|
|
|
264,000
|
3.70%, 01/31/2051
|
190,926
|
|
|
91,000
|
4.90%, 05/15/2046
|
81,356
|
|
|
180,000
|
5.20%, 01/15/2036
|
180,965
|
|
|
|
Galaxy Pipeline Assets Bidco Ltd.
|
|
|
|
465,000
|
2.63%, 03/31/2036(5)
|
395,362
|
|
|
946,535
|
2.94%, 09/30/2040(1)
|
765,300
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Pipelines - 1.2% - (continued)
|
||
|
$ 210,000
|
Greensaif Pipelines Bidco SARL 5.85%,
02/23/2036(1)
|
$210,467
|
|
|
|
Hess Midstream Operations LP
|
|
|
|
1,524,000
|
4.25%, 02/15/2030(1)
|
1,464,468
|
|
|
655,000
|
6.50%, 06/01/2029(1)
|
669,099
|
|
|
|
MPLX LP
|
|
|
|
1,095,000
|
5.00%, 01/15/2033
|
1,086,967
|
|
|
100,000
|
5.30%, 04/01/2036
|
98,569
|
|
|
750,000
|
Northriver Midstream Finance LP 6.75%,
07/15/2032(1)
|
752,213
|
|
|
|
ONEOK, Inc.
|
|
|
|
210,000
|
3.10%, 03/15/2030
|
198,026
|
|
|
385,000
|
4.75%, 10/15/2031
|
380,910
|
|
|
1,175,000
|
5.05%, 11/01/2034
|
1,142,917
|
|
|
155,000
|
5.40%, 10/15/2035
|
153,976
|
|
|
430,000
|
6.05%, 09/01/2033
|
450,908
|
|
|
240,000
|
6.10%, 11/15/2032
|
252,835
|
|
|
110,000
|
6.63%, 09/01/2053
|
112,881
|
|
|
60,000
|
7.15%, 01/15/2051
|
64,703
|
|
|
500,000
|
Rockies Express Pipeline LLC 6.75%,
03/15/2033(1)
|
514,694
|
|
|
|
Targa Resources Corp.
|
|
|
|
395,000
|
4.35%, 04/15/2031
|
386,689
|
|
|
980,000
|
5.40%, 07/30/2036
|
972,844
|
|
|
160,000
|
Targa Resources Partners LP/Targa
Resources Partners Finance Corp.
4.00%, 01/15/2032
|
151,633
|
|
|
105,000
|
Transcanada Trust 5.60%, 03/07/2082,
(5.60% fixed rate until 12/07/2031; 5 yr.
USD CMT + 3.99% thereafter)(2)
|
102,942
|
|
|
625,000
|
Venture Global Plaquemines LNG LLC
7.50%, 05/01/2033(1)
|
687,003
|
|
|
|
Williams Cos., Inc.
|
|
|
|
585,000
|
5.15%, 03/15/2036(6)
|
576,291
|
|
|
165,000
|
5.65%, 03/15/2033
|
170,403
|
|
|
|
|
|
15,656,086
|
|
|
Real Estate - 0.0%
|
||
|
EUR
100,000
|
CPI Property Group SA 1.75%,
01/14/2030(5)
|
96,109
|
|
|
110,000
|
Samhallsbyggnadsbolaget I Norden Holding
AB 1.13%, 09/26/2029(5)
|
99,192
|
|
|
|
|
|
195,301
|
|
|
Real Estate Investment Trusts - 0.4%
|
||
|
$ 50,000
|
American Assets Trust LP 3.38%,
02/01/2031
|
45,071
|
|
|
50,000
|
Boston Properties LP 2.45%, 10/01/2033
|
40,375
|
|
|
EUR
200,000
|
Carmila SA 3.75%, 01/13/2033(5)
|
220,069
|
|
|
$ 100,000
|
Cousins Properties LP 4.88%, 03/01/2033
|
96,277
|
|
|
EUR
185,000
|
Equinix Europe 2 Financing Corp. LLC
3.63%, 11/22/2034
|
202,308
|
|
|
|
Hudson Pacific Properties LP
|
|
|
|
$ 389,000
|
4.65%, 04/01/2029(6)
|
331,772
|
|
|
350,000
|
5.95%, 02/15/2028(6)
|
331,925
|
|
|
|
Kilroy Realty LP
|
|
|
|
75,000
|
2.65%, 11/15/2033
|
59,572
|
|
|
1,830,000
|
5.88%, 10/15/2035
|
1,764,269
|
|
|
EUR
280,000
|
Prologis Euro Finance LLC 3.25%,
09/22/2032
|
310,575
|
|
|
|
Prologis Targeted U.S. Logistics Fund LP
|
|
|
|
$ 420,000
|
4.25%, 01/15/2031(1)
|
410,888
|
|
|
830,000
|
4.75%, 01/15/2036(1)
|
795,965
|
|
|
EUR
275,000
|
Realty Income Corp. 3.88%, 06/20/2035
|
303,748
|
|
|
150,000
|
WP Carey, Inc. 3.75%, 05/10/2035
|
162,220
|
|
|
|
|
|
5,075,034
|
|
|
39
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Retail - 0.2%
|
||
|
|
Bertrand Franchise Finance SAS
|
|
|
|
EUR
500,000
|
5.78%, 07/18/2030, 3 mo. EURIBOR +
3.75%(2)(5)
|
$561,222
|
|
|
100,000
|
6.50%, 07/18/2030(5)
|
111,483
|
|
|
GBP
500,000
|
CD&R Firefly Bidco PLC 8.63%,
04/30/2029(5)
|
672,798
|
|
|
$ 375,000
|
LBM Acquisition LLC 9.50%, 06/15/2031(1)
|
326,417
|
|
|
552,000
|
Petco Health & Wellness Co., Inc. 8.25%,
02/01/2031(1)
|
551,243
|
|
|
500,000
|
Specialty Building Products
Holdings LLC/SBP Finance Corp. 7.75%,
10/15/2029(1)
|
434,096
|
|
|
428,000
|
Staples, Inc. 10.75%, 09/01/2029(1)
|
395,823
|
|
|
|
|
|
3,053,082
|
|
|
Semiconductors - 0.6%
|
||
|
|
Broadcom, Inc.
|
|
|
|
1,015,000
|
4.20%, 10/15/2030
|
1,003,205
|
|
|
880,000
|
5.20%, 07/15/2035
|
886,863
|
|
|
|
Foundry JV Holdco LLC
|
|
|
|
490,000
|
5.90%, 01/25/2033(1)
|
503,775
|
|
|
1,700,000
|
6.15%, 01/25/2032(1)
|
1,774,777
|
|
|
200,000
|
6.20%, 01/25/2037(1)
|
206,677
|
|
|
|
Intel Corp.
|
|
|
|
350,000
|
3.10%, 02/15/2060
|
193,346
|
|
|
899,000
|
3.25%, 11/15/2049
|
567,987
|
|
|
2,135,000
|
3.73%, 12/08/2047
|
1,491,877
|
|
|
1,130,000
|
Qorvo, Inc. 3.38%, 04/01/2031(1)
|
1,022,064
|
|
|
|
|
|
7,650,571
|
|
|
Software - 1.3%
|
||
|
353,000
|
AthenaHealth Group, Inc. 6.50%,
02/15/2030(1)
|
331,334
|
|
|
80,000
|
Fidelity National Information Services, Inc.
4.45%, 03/10/2028
|
79,776
|
|
|
1,110,000
|
Open Text Corp. 3.88%, 12/01/2029(1)
|
991,956
|
|
|
|
Oracle Corp.
|
|
|
|
151,000
|
3.60%, 04/01/2040
|
109,472
|
|
|
1,070,000
|
3.60%, 04/01/2050
|
645,989
|
|
|
139,000
|
3.65%, 03/25/2041
|
98,921
|
|
|
972,000
|
3.85%, 04/01/2060
|
571,997
|
|
|
835,000
|
3.95%, 03/25/2051
|
529,102
|
|
|
285,000
|
4.10%, 03/25/2061
|
175,248
|
|
|
97,000
|
4.13%, 05/15/2045
|
66,780
|
|
|
210,000
|
4.20%, 09/27/2029
|
203,518
|
|
|
344,000
|
4.30%, 07/08/2034
|
305,044
|
|
|
715,000
|
4.70%, 09/27/2034
|
652,523
|
|
|
3,600,000
|
4.80%, 09/26/2032
|
3,428,452
|
|
|
155,000
|
4.90%, 02/06/2033
|
146,892
|
|
|
1,030,000
|
5.35%, 05/04/2033
|
1,002,683
|
|
|
480,000
|
5.50%, 09/27/2064
|
367,589
|
|
|
254,000
|
5.55%, 02/06/2053
|
202,657
|
|
|
335,000
|
6.00%, 08/03/2055
|
280,858
|
|
|
425,000
|
6.10%, 09/26/2065
|
352,402
|
|
|
1,310,000
|
6.85%, 02/04/2066
|
1,204,312
|
|
|
|
Rocket Software, Inc.
|
|
|
|
524,000
|
6.50%, 02/15/2029(1)(6)
|
471,596
|
|
|
290,000
|
9.00%, 11/28/2028(1)
|
289,565
|
|
|
|
Salesforce, Inc.
|
|
|
|
115,000
|
4.50%, 03/15/2028
|
115,030
|
|
|
770,000
|
4.65%, 03/15/2029
|
771,595
|
|
|
985,000
|
5.20%, 03/15/2033
|
983,318
|
|
|
2,198,000
|
6.40%, 03/15/2046
|
2,213,217
|
|
|
980,000
|
6.70%, 03/15/2066
|
996,084
|
|
|
|
|
|
17,587,910
|
|
|
Telecommunications - 0.5%
|
||
|
375,000
|
Altice France SA 6.50%, 04/15/2032(1)
|
355,306
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 18.5% - (continued)
|
|||
|
|
Telecommunications - 0.5% - (continued)
|
||
|
$ 80,000
|
Black Pearl Compute LLC 6.13%,
02/15/2031(1)
|
$81,424
|
|
|
GBP
145,000
|
British Telecommunications PLC 8.38%,
12/20/2083, (8.38% fixed rate until
09/20/2028; 5 yr. U.K. Government Bond
+ 3.82% thereafter)(2)(5)
|
201,370
|
|
|
$ 39,000
|
Cipher Compute LLC 7.13%, 11/15/2030(1)
|
40,405
|
|
|
675,000
|
EchoStar Corp. 6.75%, 11/30/2030(8)
|
681,587
|
|
|
EUR
575,000
|
Iliad Holding SAS 6.88%, 04/15/2031(5)
|
692,388
|
|
|
|
Level 3 Financing, Inc.
|
|
|
|
$ 350,000
|
7.00%, 03/31/2034(1)
|
358,255
|
|
|
310,000
|
8.50%, 01/15/2036(1)
|
323,458
|
|
|
1,085,000
|
NTT Finance Corp. 5.17%, 07/16/2032(1)
|
1,092,941
|
|
|
1,170,000
|
Orange SA 4.25%, 01/13/2031(1)
|
1,147,690
|
|
|
100,000
|
Rogers Communications, Inc. 6.88%,
07/31/2056, (6.88% fixed rate until
05/02/2031; 5 yr. USD CMT + 2.84%
thereafter)(2)
|
100,384
|
|
|
EUR
200,000
|
Telefonica Europe BV 6.75%, 06/07/2031,
(6.75% fixed rate until 06/07/2031; 8 yr.
EURIBOR ICE Swap + 3.62%
thereafter)(2)(5)(7)
|
246,564
|
|
|
|
T-Mobile USA, Inc.
|
|
|
|
$ 990,000
|
2.55%, 02/15/2031
|
899,626
|
|
|
EUR
200,000
|
3.20%, 02/19/2032
|
225,032
|
|
|
$ 90,000
|
5.05%, 07/15/2033
|
90,623
|
|
|
EUR
180,000
|
Vodafone Group PLC 3.00%, 08/27/2080,
(3.00% fixed rate until 05/27/2030; 5 yr.
EUR Swap + 3.48% thereafter)(2)(5)
|
195,546
|
|
|
$ 423,000
|
WULF Compute LLC 7.75%, 10/15/2030(1)
|
446,976
|
|
|
|
|
|
7,179,575
|
|
|
Toys/Games/Hobbies - 0.0%
|
||
|
100,000
|
Hasbro, Inc. 4.65%, 03/12/2031
|
98,752
|
|
|
|
Transportation - 0.1%
|
||
|
|
Fedex Freight Holding Co., Inc.
|
|
|
|
640,000
|
4.65%, 03/15/2031(1)
|
629,034
|
|
|
565,000
|
4.95%, 03/15/2033(1)
|
551,045
|
|
|
|
|
|
1,180,079
|
|
|
Trucking & Leasing - 0.0%
|
||
|
650,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 4.55%, 01/15/2031(1)
|
642,899
|
|
|
|
Water - 0.0%
|
||
|
EUR
170,000
|
Severn Trent Utilities Finance PLC 4.00%,
03/05/2034(5)
|
195,924
|
|
|
GBP
255,000
|
SW Finance I PLC 5.75%, 11/19/2030(5)
|
330,458
|
|
|
100,000
|
Yorkshire Water Finance PLC 6.38%,
11/18/2034(5)
|
133,397
|
|
|
|
|
|
659,779
|
|
|
Total Corporate Bonds
(cost $253,605,187)
|
$247,482,771
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.3%
|
|||
|
|
Bulgaria - 0.0%
|
||
|
EUR
170,000
|
Bulgaria Government International Bonds
4.13%, 05/07/2038(5)
|
$191,809
|
|
|
|
Colombia - 0.2%
|
||
|
|
Colombia Government International Bonds
|
|
|
|
$ 2,040,000
|
3.25%, 04/22/2032
|
1,700,524
|
|
|
EUR
690,000
|
5.63%, 02/19/2036
|
728,531
|
|
|
|
|
|
2,429,055
|
|
|
40
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
FOREIGN GOVERNMENT OBLIGATIONS - 2.3% - (continued)
|
|||
|
|
Germany - 1.1%
|
||
|
|
Bundesobligation
|
|
|
|
EUR
1,612,878
|
2.10%, 04/12/2029(5)
|
$1,835,674
|
|
|
3,167,786
|
2.20%, 10/10/2030(5)
|
3,582,618
|
|
|
403,817
|
2.50%, 04/16/2031(5)
|
461,617
|
|
|
|
Bundesrepublik Deutschland Bundesanleihe
|
|
|
|
105,897
|
2.30%, 02/15/2033(5)
|
118,281
|
|
|
1,198,052
|
2.50%, 11/15/2032(5)
|
1,357,059
|
|
|
1,729,073
|
2.50%, 02/15/2035(5)
|
1,927,321
|
|
|
531,344
|
2.60%, 05/15/2041(5)
|
561,503
|
|
|
327,503
|
2.90%, 02/15/2036(5)
|
374,744
|
|
|
1,099,698
|
Bundesschatzanweisungen 2.00%,
12/16/2027(5)
|
1,258,040
|
|
|
|
German Treasury Bills
|
|
|
|
535,000
|
1.93%, 05/13/2026(5)(9)
|
616,988
|
|
|
2,555,000
|
1.99%, 06/17/2026(5)(9)
|
2,940,321
|
|
|
|
|
|
15,034,166
|
|
|
Israel - 0.2%
|
||
|
|
Israel Government International Bonds
|
|
|
|
$ 390,000
|
2.75%, 07/03/2030
|
357,091
|
|
|
555,000
|
5.38%, 03/12/2029
|
562,882
|
|
|
785,000
|
5.38%, 02/19/2030
|
796,508
|
|
|
|
State of Israel
|
|
|
|
820,000
|
3.80%, 05/13/2060(5)(6)
|
530,938
|
|
|
130,000
|
3.80%, 05/13/2060(5)
|
84,173
|
|
|
|
|
|
2,331,592
|
|
|
Mexico - 0.6%
|
||
|
|
Mexico Government International Bonds
|
|
|
|
765,000
|
3.50%, 02/12/2034
|
651,397
|
|
|
EUR
175,000
|
4.50%, 03/19/2034
|
196,831
|
|
|
200,000
|
4.88%, 05/16/2036
|
225,006
|
|
|
$ 2,775,000
|
5.38%, 03/22/2033
|
2,709,787
|
|
|
1,025,000
|
5.38%, 03/22/2033
|
998,350
|
|
|
1,050,000
|
5.63%, 02/09/2034
|
1,026,900
|
|
|
570,000
|
5.63%, 09/22/2035
|
551,475
|
|
|
230,000
|
5.63%, 09/22/2035
|
221,375
|
|
|
380,000
|
6.00%, 05/07/2036
|
377,397
|
|
|
360,000
|
6.88%, 05/13/2037
|
377,100
|
|
|
|
|
|
7,335,618
|
|
|
Romania - 0.2%
|
||
|
|
Romania Government International Bonds
|
|
|
|
EUR
750,000
|
2.63%, 12/02/2040(1)
|
542,973
|
|
|
3,407,000
|
2.75%, 04/14/2041(5)
|
2,461,578
|
|
|
100,000
|
3.88%, 10/29/2035(5)
|
97,696
|
|
|
50,000
|
6.00%, 09/24/2044(1)(6)
|
53,113
|
|
|
85,000
|
6.13%, 10/07/2037(5)
|
95,287
|
|
|
|
|
|
3,250,647
|
|
|
Total Foreign Government
Obligations
(cost $31,391,426)
|
|
$30,572,887
|
|
MUNICIPAL BONDS - 0.2%
|
|||
|
|
School District - 0.2%
|
||
|
|
Chicago Board of Education, IL, GO
|
|
|
|
$ 1,115,000
|
6.14%, 12/01/2039
|
$1,054,943
|
|
|
1,540,000
|
6.32%, 11/01/2029
|
1,522,317
|
|
|
|
Total Municipal Bonds
(cost $2,647,368)
|
|
$2,577,260
|
|
U.S. GOVERNMENT AGENCIES - 44.5%
|
|||
|
|
Mortgage-Backed Agencies - 44.5%
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.1%
|
||
|
30,075
|
0.00%, 11/15/2036(10)(11)
|
$25,385
|
|
|
5,627,217
|
0.37%, 12/25/2033(2)(4)
|
148,233
|
|
|
18,120,885
|
0.58%, 03/25/2027(2)(4)
|
72,719
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.1% - (continued)
|
||
|
$ 4,184,010
|
0.60%, 10/25/2026(2)(4)
|
$7,856
|
|
|
17,059,049
|
0.71%, 12/25/2030(2)(4)
|
482,408
|
|
|
9,306,834
|
0.73%, 06/25/2027(2)(4)
|
58,293
|
|
|
4,140,496
|
0.87%, 11/25/2030(2)(4)
|
137,764
|
|
|
1,491,872
|
1.00%, 02/25/2051
|
1,301,199
|
|
|
7,542,888
|
1.01%, 10/25/2030(2)(4)
|
278,661
|
|
|
12,653,488
|
1.11%, 06/25/2030(2)(4)
|
501,903
|
|
|
6,948,875
|
1.50%, 05/15/2037(4)
|
348,440
|
|
|
738,505
|
1.50%, 11/01/2051
|
570,720
|
|
|
6,112,125
|
1.56%, 05/25/2030(2)(4)
|
328,807
|
|
|
509,860
|
1.75%, 10/15/2042
|
445,447
|
|
|
452,014
|
2.00%, 06/01/2036
|
416,197
|
|
|
243,065
|
2.00%, 12/01/2040
|
213,901
|
|
|
1,576,806
|
2.00%, 05/01/2041
|
1,379,087
|
|
|
1,756,991
|
2.00%, 12/01/2041
|
1,530,637
|
|
|
1,466,092
|
2.00%, 10/01/2050
|
1,194,041
|
|
|
1,403,745
|
2.00%, 02/01/2051
|
1,151,209
|
|
|
1,847,499
|
2.00%, 03/01/2051
|
1,515,221
|
|
|
2,471,208
|
2.00%, 04/01/2051
|
2,006,066
|
|
|
1,355,279
|
2.00%, 05/01/2051
|
1,117,191
|
|
|
585,472
|
2.00%, 08/01/2051
|
475,846
|
|
|
596,556
|
2.00%, 11/01/2051
|
488,440
|
|
|
2,205,274
|
2.00%, 04/01/2052
|
1,808,923
|
|
|
3,210,155
|
2.00%, 06/15/2052(4)
|
392,372
|
|
|
3,651,551
|
2.09%, 05/25/2055, 30 day USD SOFR
Average + 5.75%(2)(4)
|
211,743
|
|
|
57,473
|
2.50%, 05/15/2028(4)
|
1,165
|
|
|
809,640
|
2.50%, 05/01/2050
|
694,834
|
|
|
921,570
|
2.50%, 06/01/2050
|
788,480
|
|
|
901,793
|
2.50%, 07/01/2050
|
766,718
|
|
|
1,597,400
|
2.50%, 11/01/2050
|
1,362,223
|
|
|
491,692
|
2.50%, 02/01/2051
|
422,220
|
|
|
1,712,372
|
2.50%, 03/01/2051
|
1,455,336
|
|
|
2,166,439
|
2.50%, 03/25/2051(4)
|
319,949
|
|
|
628,580
|
2.50%, 05/01/2051
|
536,025
|
|
|
755,038
|
2.50%, 07/01/2051
|
641,819
|
|
|
936,432
|
2.50%, 10/01/2051
|
796,368
|
|
|
2,424,290
|
2.50%, 03/15/2052(4)
|
360,155
|
|
|
1,454,304
|
2.50%, 03/25/2052
|
1,302,294
|
|
|
2,320,589
|
2.50%, 04/01/2052
|
1,967,049
|
|
|
2,760,113
|
2.50%, 08/25/2052(4)
|
422,479
|
|
|
115,079
|
3.00%, 03/15/2028(4)
|
2,163
|
|
|
265,515
|
3.00%, 08/01/2029
|
261,603
|
|
|
1,219,475
|
3.00%, 10/01/2032
|
1,183,981
|
|
|
190,920
|
3.00%, 03/15/2033(4)
|
12,305
|
|
|
789,479
|
3.00%, 04/01/2033
|
767,144
|
|
|
1,394,326
|
3.00%, 11/01/2036
|
1,323,166
|
|
|
821,411
|
3.00%, 01/01/2037
|
778,974
|
|
|
2,025,000
|
3.00%, 03/25/2040
|
1,823,940
|
|
|
2,948,525
|
3.00%, 11/01/2046
|
2,666,439
|
|
|
371,946
|
3.00%, 12/01/2046
|
336,133
|
|
|
2,303,213
|
3.00%, 09/25/2051(4)
|
365,472
|
|
|
1,723,101
|
3.00%, 10/01/2051
|
1,537,624
|
|
|
660,504
|
3.00%, 01/01/2052
|
590,516
|
|
|
874,603
|
3.00%, 05/01/2052
|
778,156
|
|
|
280,076
|
3.25%, 11/15/2041
|
261,954
|
|
|
6,584
|
3.50%, 09/15/2026(4)
|
42
|
|
|
409,269
|
3.50%, 05/15/2034(4)
|
27,660
|
|
|
900,756
|
3.50%, 08/01/2034
|
877,846
|
|
|
4,049
|
3.50%, 03/15/2041(4)
|
0
(12)
|
|
|
431,304
|
3.50%, 10/15/2045
|
406,149
|
|
|
199,497
|
3.50%, 06/01/2046
|
187,355
|
|
|
869,140
|
3.50%, 03/01/2048
|
814,327
|
|
|
180,415
|
3.50%, 08/01/2048
|
169,505
|
|
|
1,626,282
|
3.50%, 04/25/2051(4)
|
326,905
|
|
|
346
|
4.00%, 12/15/2026(4)
|
1
|
|
|
|
41
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.1% - (continued)
|
||
|
$ 5,810
|
4.00%, 07/15/2027(4)
|
$64
|
|
|
757
|
4.00%, 03/15/2028(4)
|
7
|
|
|
3,468
|
4.00%, 06/15/2028(4)
|
8
|
|
|
130,653
|
4.00%, 07/15/2030(4)
|
6,168
|
|
|
944,483
|
4.00%, 05/25/2040(4)
|
138,622
|
|
|
1,025,512
|
4.00%, 09/15/2041
|
990,012
|
|
|
876,095
|
4.00%, 05/01/2042
|
847,208
|
|
|
284,662
|
4.00%, 08/01/2042
|
275,108
|
|
|
366,992
|
4.00%, 09/01/2042
|
354,695
|
|
|
15,532
|
4.00%, 07/01/2044
|
15,320
|
|
|
1,756,257
|
4.00%, 03/25/2045(4)
|
283,542
|
|
|
79,295
|
4.00%, 06/01/2045
|
76,366
|
|
|
252,609
|
4.00%, 02/01/2046
|
243,174
|
|
|
109,404
|
4.00%, 04/01/2047
|
105,540
|
|
|
92,381
|
4.00%, 09/01/2048
|
88,586
|
|
|
396,524
|
4.00%, 05/01/2049
|
381,799
|
|
|
1,564,136
|
4.00%, 07/01/2049
|
1,500,958
|
|
|
182,403
|
4.50%, 09/01/2044
|
177,497
|
|
|
1,806,848
|
4.50%, 05/25/2050(4)
|
335,254
|
|
|
694,706
|
4.75%, 07/15/2039
|
699,898
|
|
|
265,582
|
5.00%, 09/15/2033(4)
|
32,717
|
|
|
3,157
|
5.00%, 03/01/2039
|
3,179
|
|
|
90,101
|
5.00%, 08/01/2039
|
91,173
|
|
|
2,471
|
5.00%, 09/01/2039
|
2,484
|
|
|
4,863
|
5.00%, 12/01/2039
|
4,898
|
|
|
673,497
|
5.00%, 07/01/2040
|
678,762
|
|
|
4,211
|
5.00%, 04/01/2041
|
4,261
|
|
|
9,794
|
5.00%, 04/01/2044
|
9,903
|
|
|
9,447
|
5.00%, 05/01/2044
|
9,385
|
|
|
379,521
|
5.00%, 02/15/2048(4)
|
73,492
|
|
|
458,149
|
5.00%, 08/01/2052
|
455,408
|
|
|
701,820
|
5.00%, 08/25/2052
|
703,089
|
|
|
733,424
|
5.00%, 10/25/2052
|
734,194
|
|
|
1,489,868
|
5.00%, 04/01/2053
|
1,482,529
|
|
|
1,383,906
|
5.00%, 07/01/2053
|
1,377,299
|
|
|
1,235,060
|
5.00%, 11/01/2054
|
1,229,875
|
|
|
3,544
|
5.50%, 03/01/2028
|
3,570
|
|
|
20,894
|
5.50%, 04/01/2033
|
21,064
|
|
|
218,674
|
5.50%, 05/01/2034
|
223,841
|
|
|
4,520
|
5.50%, 05/01/2037
|
4,670
|
|
|
12,746
|
5.50%, 11/01/2037
|
13,169
|
|
|
2,078,865
|
5.50%, 12/01/2037
|
2,121,141
|
|
|
24,283
|
5.50%, 02/01/2038
|
25,013
|
|
|
10,290
|
5.50%, 04/01/2038
|
10,595
|
|
|
13,479
|
5.50%, 06/01/2038
|
13,869
|
|
|
1,332,352
|
5.50%, 08/01/2038
|
1,376,631
|
|
|
136,774
|
5.50%, 09/01/2038
|
140,784
|
|
|
2,693
|
5.50%, 12/01/2039
|
2,772
|
|
|
36,171
|
5.50%, 02/01/2040
|
37,231
|
|
|
118,447
|
5.50%, 05/01/2040
|
122,004
|
|
|
114,166
|
5.50%, 08/01/2040
|
117,553
|
|
|
579,703
|
5.50%, 06/01/2041
|
596,491
|
|
|
481,422
|
5.50%, 10/15/2046(4)
|
90,691
|
|
|
1,903,603
|
5.50%, 02/01/2053
|
1,922,410
|
|
|
1,697,199
|
5.50%, 06/01/2055
|
1,724,268
|
|
|
12,892,664
|
5.50%, 12/01/2055
|
12,960,338
|
|
|
1,380,000
|
5.77%, 03/25/2046, 30 day USD SOFR
Average + 2.10%(1)(2)
|
1,379,080
|
|
|
387
|
6.00%, 07/01/2029
|
395
|
|
|
50,632
|
6.00%, 10/01/2032
|
52,148
|
|
|
1,883
|
6.00%, 11/01/2032
|
1,922
|
|
|
58,416
|
6.00%, 12/01/2032
|
60,049
|
|
|
5,572
|
6.00%, 11/01/2033
|
5,765
|
|
|
10,854
|
6.00%, 01/01/2034
|
11,118
|
|
|
5,696
|
6.00%, 02/01/2034
|
5,889
|
|
|
52,343
|
6.00%, 08/01/2034
|
54,254
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 8.1% - (continued)
|
||
|
$ 60,424
|
6.00%, 09/01/2034
|
$62,617
|
|
|
76,206
|
6.00%, 01/01/2035
|
78,652
|
|
|
357,235
|
6.00%, 11/01/2037
|
375,156
|
|
|
888,745
|
6.00%, 11/01/2052
|
912,305
|
|
|
987,412
|
6.00%, 12/01/2052
|
1,019,690
|
|
|
458,078
|
6.00%, 03/01/2053
|
475,206
|
|
|
3,657,842
|
6.00%, 06/01/2054
|
3,752,893
|
|
|
3,393,836
|
6.00%, 08/01/2054
|
3,475,794
|
|
|
79
|
6.50%, 08/01/2032
|
81
|
|
|
118,805
|
6.50%, 07/15/2036
|
122,583
|
|
|
46,518
|
6.50%, 12/01/2037
|
49,377
|
|
|
1,432,000
|
6.56%, 04/25/2042, 30 day USD SOFR
Average + 2.90%(1)(2)
|
1,457,647
|
|
|
2,005,000
|
7.01%, 05/25/2042, 30 day USD SOFR
Average + 3.35%(1)(2)
|
2,047,606
|
|
|
3,990,000
|
7.01%, 06/25/2043, 30 day USD SOFR
Average + 3.35%(1)(2)
|
4,074,504
|
|
|
3,815,000
|
7.16%, 05/25/2043, 30 day USD SOFR
Average + 3.50%(1)(2)
|
3,982,994
|
|
|
620,000
|
7.21%, 08/25/2042, 30 day USD SOFR
Average + 3.55%(1)(2)
|
637,462
|
|
|
1,629,000
|
7.31%, 11/25/2041, 30 day USD SOFR
Average + 3.65%(1)(2)
|
1,654,461
|
|
|
1,705,000
|
7.36%, 09/25/2042, 30 day USD SOFR
Average + 3.70%(1)(2)
|
1,758,281
|
|
|
10
|
7.50%, 09/01/2029
|
10
|
|
|
|
|
|
108,393,701
|
|
|
Federal National Mortgage Association - 11.6%
|
||
|
29,466
|
0.00%, 03/25/2036(10)(11)
|
25,589
|
|
|
301,883
|
0.00%, 06/25/2041(10)(11)
|
229,591
|
|
|
6,880,778
|
0.30%, 01/25/2030(2)(4)
|
52,349
|
|
|
7,755,416
|
1.45%, 05/25/2029(2)(4)
|
224,770
|
|
|
4,226,022
|
1.50%, 09/01/2051
|
3,267,247
|
|
|
292,175
|
1.50%, 10/01/2051
|
225,726
|
|
|
385,323
|
1.50%, 04/01/2052
|
297,665
|
|
|
698,860
|
1.75%, 12/25/2042
|
634,343
|
|
|
545,474
|
2.00%, 05/01/2036
|
501,853
|
|
|
1,235,563
|
2.00%, 08/01/2036
|
1,138,096
|
|
|
790,910
|
2.00%, 09/01/2036
|
730,643
|
|
|
575,984
|
2.00%, 12/01/2036
|
531,729
|
|
|
475,260
|
2.00%, 09/25/2039
|
426,754
|
|
|
1,011,570
|
2.00%, 09/01/2040
|
892,495
|
|
|
2,352,110
|
2.00%, 12/01/2040
|
2,067,678
|
|
|
959,412
|
2.00%, 04/01/2041
|
842,814
|
|
|
317,137
|
2.00%, 05/01/2041
|
278,158
|
|
|
1,254,696
|
2.00%, 10/01/2041
|
1,092,005
|
|
|
912,203
|
2.00%, 03/25/2050
|
784,255
|
|
|
4,982,852
|
2.00%, 12/01/2050
|
4,057,187
|
|
|
7,383,233
|
2.00%, 02/01/2051
|
6,020,693
|
|
|
7,139,865
|
2.00%, 03/01/2051
|
5,786,798
|
|
|
452,051
|
2.00%, 07/01/2051
|
367,296
|
|
|
587,603
|
2.00%, 10/01/2051
|
482,468
|
|
|
3,324,357
|
2.00%, 03/25/2052(4)
|
415,898
|
|
|
17,923
|
2.00%, 04/01/2052
|
14,482
|
|
|
643,012
|
2.08%, 05/25/2046(2)(4)
|
30,383
|
|
|
666,318
|
2.09%, 04/25/2055(2)(4)
|
29,191
|
|
|
2,283,660
|
2.18%, 03/25/2055, 30 day USD SOFR
Average + 5.84%(2)(4)
|
124,902
|
|
|
519,422
|
2.22%, 08/25/2044(2)(4)
|
30,113
|
|
|
800,230
|
2.25%, 04/01/2033
|
704,827
|
|
|
446,435
|
2.25%, 06/25/2055(2)(4)
|
21,006
|
|
|
3,419,170
|
2.29%, 10/25/2054, 30 day USD SOFR
Average + 5.95%(2)(4)
|
194,768
|
|
|
53,791
|
2.50%, 06/25/2028(4)
|
1,011
|
|
|
1,736,283
|
2.50%, 09/01/2040
|
1,572,655
|
|
|
|
42
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal National Mortgage Association - 11.6% - (continued)
|
||
|
$ 72,006
|
2.50%, 01/01/2043
|
$63,729
|
|
|
1,691,971
|
2.50%, 02/01/2043
|
1,501,438
|
|
|
580,578
|
2.50%, 03/01/2043
|
515,371
|
|
|
1,255,833
|
2.50%, 05/01/2043
|
1,111,468
|
|
|
980,680
|
2.50%, 06/01/2043
|
862,778
|
|
|
624,056
|
2.50%, 04/01/2045
|
540,388
|
|
|
803,906
|
2.50%, 04/01/2050
|
685,563
|
|
|
932,604
|
2.50%, 06/01/2050
|
796,245
|
|
|
152,785
|
2.50%, 07/01/2050
|
129,624
|
|
|
1,477,089
|
2.50%, 09/01/2050
|
1,255,690
|
|
|
2,498,789
|
2.50%, 10/01/2050
|
2,146,437
|
|
|
1,094,517
|
2.50%, 01/01/2051
|
940,048
|
|
|
2,670,321
|
2.50%, 02/25/2051(4)
|
452,838
|
|
|
8,889,332
|
2.50%, 05/01/2051
|
7,614,084
|
|
|
1,210,142
|
2.50%, 07/01/2051
|
1,031,960
|
|
|
792,645
|
2.50%, 09/01/2051
|
677,836
|
|
|
6,218,321
|
2.50%, 11/01/2051
|
5,334,669
|
|
|
1,412,260
|
2.50%, 12/01/2051
|
1,212,066
|
|
|
1,373,818
|
2.50%, 01/01/2052
|
1,174,118
|
|
|
2,058,170
|
2.50%, 03/01/2052
|
1,742,394
|
|
|
2,664,664
|
2.50%, 06/25/2052(4)
|
402,305
|
|
|
2,638,006
|
2.50%, 09/25/2052(4)
|
410,275
|
|
|
1,894,485
|
2.50%, 01/01/2057
|
1,603,933
|
|
|
26,328
|
3.00%, 09/25/2027(4)
|
336
|
|
|
121,774
|
3.00%, 01/25/2028(4)
|
1,075
|
|
|
868,269
|
3.00%, 04/25/2033(4)
|
49,188
|
|
|
325,829
|
3.00%, 08/01/2033
|
316,665
|
|
|
960,989
|
3.00%, 03/01/2037
|
911,333
|
|
|
1,457,437
|
3.00%, 06/01/2043
|
1,339,059
|
|
|
961,125
|
3.00%, 09/01/2048
|
866,207
|
|
|
912,905
|
3.00%, 08/25/2049
|
828,508
|
|
|
2,234,558
|
3.00%, 08/01/2050
|
1,980,431
|
|
|
878,254
|
3.00%, 10/01/2050
|
774,194
|
|
|
1,283,350
|
3.00%, 12/01/2050
|
1,131,493
|
|
|
415,061
|
3.00%, 04/01/2051
|
367,036
|
|
|
1,151,369
|
3.00%, 05/01/2051
|
1,035,672
|
|
|
1,304,783
|
3.00%, 08/01/2051
|
1,157,909
|
|
|
3,236,460
|
3.00%, 10/01/2051
|
2,875,640
|
|
|
3,880,656
|
3.00%, 11/01/2051
|
3,439,037
|
|
|
1,775,684
|
3.00%, 12/01/2051
|
1,572,084
|
|
|
960,661
|
3.00%, 04/01/2052
|
852,862
|
|
|
1,220,345
|
3.00%, 05/01/2052
|
1,084,466
|
|
|
18,849
|
3.50%, 05/25/2027(4)
|
173
|
|
|
61,314
|
3.50%, 10/25/2027(4)
|
1,130
|
|
|
172,957
|
3.50%, 05/25/2030(4)
|
7,698
|
|
|
36,071
|
3.50%, 08/25/2030(4)
|
1,058
|
|
|
1,527
|
3.50%, 02/25/2031(4)
|
8
|
|
|
209,715
|
3.50%, 09/25/2035(4)
|
17,662
|
|
|
1,086,597
|
3.50%, 11/25/2039(4)
|
90,476
|
|
|
1,731,107
|
3.50%, 08/01/2043
|
1,635,141
|
|
|
526,649
|
3.50%, 10/01/2044
|
495,725
|
|
|
504,118
|
3.50%, 02/01/2045
|
473,367
|
|
|
476,686
|
3.50%, 01/01/2046
|
447,681
|
|
|
357,454
|
3.50%, 03/01/2046
|
335,663
|
|
|
854,838
|
3.50%, 09/01/2046
|
800,636
|
|
|
410,244
|
3.50%, 10/01/2046
|
383,610
|
|
|
298,067
|
3.50%, 10/25/2046(4)
|
55,087
|
|
|
426,157
|
3.50%, 11/01/2046
|
400,030
|
|
|
605,352
|
3.50%, 05/01/2047
|
567,663
|
|
|
302,851
|
3.50%, 09/01/2047
|
283,858
|
|
|
252,772
|
3.50%, 12/01/2047
|
237,221
|
|
|
182,386
|
3.50%, 02/01/2048
|
170,212
|
|
|
937,153
|
3.50%, 07/01/2048
|
878,321
|
|
|
2,016,298
|
3.50%, 04/01/2052
|
1,867,900
|
|
|
3,473,620
|
3.50%, 09/01/2057
|
3,160,334
|
|
|
1,952,269
|
3.50%, 05/01/2058
|
1,776,190
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal National Mortgage Association - 11.6% - (continued)
|
||
|
$ 1,080,500
|
3.92%, 10/01/2030
|
$1,065,778
|
|
|
1,080,445
|
4.00%, 10/01/2040
|
1,043,713
|
|
|
423,016
|
4.00%, 11/01/2040
|
408,597
|
|
|
325,425
|
4.00%, 12/01/2040
|
314,304
|
|
|
150,947
|
4.00%, 02/01/2041
|
144,733
|
|
|
396,524
|
4.00%, 03/01/2041
|
382,969
|
|
|
962,021
|
4.00%, 06/01/2041
|
944,009
|
|
|
135,986
|
4.00%, 03/25/2042(4)
|
13,359
|
|
|
181,461
|
4.00%, 08/01/2042
|
175,142
|
|
|
414,244
|
4.00%, 09/01/2042
|
399,952
|
|
|
65,383
|
4.00%, 11/25/2042(4)
|
5,596
|
|
|
63,516
|
4.00%, 03/01/2045
|
61,166
|
|
|
239,938
|
4.00%, 03/01/2046
|
231,240
|
|
|
89,790
|
4.00%, 05/01/2046
|
86,180
|
|
|
410,027
|
4.00%, 06/01/2046
|
393,820
|
|
|
1,018,261
|
4.00%, 10/01/2047
|
975,848
|
|
|
444,767
|
4.00%, 09/01/2048
|
425,964
|
|
|
302,645
|
4.00%, 01/01/2049
|
291,815
|
|
|
100,791
|
4.00%, 08/01/2049
|
97,153
|
|
|
1,816,309
|
4.00%, 04/01/2050
|
1,743,190
|
|
|
1,874,513
|
4.00%, 11/25/2050(4)
|
379,692
|
|
|
296,355
|
4.00%, 08/01/2051
|
285,980
|
|
|
1,289,158
|
4.00%, 06/01/2052
|
1,227,185
|
|
|
1,714,400
|
4.12%, 11/01/2030
|
1,704,452
|
|
|
1,385,000
|
4.37%, 11/01/2030
|
1,391,442
|
|
|
2,477,609
|
4.39%, 04/01/2029
|
2,493,636
|
|
|
228,254
|
4.50%, 09/01/2035
|
225,900
|
|
|
819,720
|
4.50%, 12/01/2037
|
822,227
|
|
|
827,490
|
4.50%, 08/01/2040
|
818,804
|
|
|
832,241
|
4.50%, 10/01/2040
|
823,638
|
|
|
434,459
|
4.50%, 10/01/2041
|
429,967
|
|
|
975,532
|
4.50%, 08/25/2043(4)
|
183,193
|
|
|
348,145
|
4.50%, 09/01/2043
|
344,546
|
|
|
462,371
|
4.50%, 04/01/2049
|
453,302
|
|
|
2,131,468
|
4.50%, 01/01/2051
|
2,060,730
|
|
|
1,452,752
|
4.50%, 03/01/2053
|
1,405,695
|
|
|
881,000
|
4.52%, 10/01/2030
|
888,788
|
|
|
380,000
|
4.75%, 04/01/2028
|
383,223
|
|
|
89,240
|
5.00%, 04/25/2038
|
89,858
|
|
|
1,780,744
|
5.00%, 07/25/2047
|
1,779,150
|
|
|
1,076,307
|
5.00%, 12/25/2051
|
1,074,696
|
|
|
1,560,738
|
5.00%, 07/01/2052
|
1,551,400
|
|
|
1,083,801
|
5.00%, 08/01/2052
|
1,077,317
|
|
|
2,050,000
|
5.07%, 12/01/2028
|
2,095,759
|
|
|
51,417
|
5.50%, 06/01/2033
|
52,823
|
|
|
45,117
|
5.50%, 08/01/2033
|
45,445
|
|
|
282,349
|
5.50%, 09/01/2033
|
288,290
|
|
|
238,481
|
5.50%, 12/01/2033
|
243,546
|
|
|
188,153
|
5.50%, 01/01/2034
|
192,260
|
|
|
1,006,831
|
5.50%, 11/01/2035
|
1,037,565
|
|
|
287,255
|
5.50%, 04/01/2036
|
296,430
|
|
|
194,073
|
5.50%, 09/01/2036
|
197,613
|
|
|
176,480
|
5.50%, 04/25/2037
|
181,582
|
|
|
674,403
|
5.50%, 04/01/2038
|
688,116
|
|
|
969,111
|
5.50%, 11/01/2039
|
988,148
|
|
|
2,176,434
|
5.50%, 08/01/2040
|
2,220,757
|
|
|
746,995
|
5.50%, 11/25/2040(4)
|
81,230
|
|
|
660,246
|
5.50%, 06/25/2042(4)
|
123,051
|
|
|
806,950
|
5.50%, 08/25/2044(4)
|
119,218
|
|
|
1,227,975
|
5.50%, 03/25/2052
|
1,238,955
|
|
|
1,152,112
|
5.50%, 04/25/2052
|
1,171,817
|
|
|
1,781,679
|
5.50%, 11/01/2052
|
1,802,718
|
|
|
3,696,453
|
5.50%, 12/01/2052
|
3,734,279
|
|
|
1,839,232
|
5.50%, 01/01/2053
|
1,861,257
|
|
|
1,870,796
|
5.50%, 06/01/2053
|
1,889,113
|
|
|
9,953
|
5.51%, 05/25/2042(2)(4)
|
986
|
|
|
|
43
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Federal National Mortgage Association - 11.6% - (continued)
|
||
|
$ 95,568
|
6.00%, 12/01/2032
|
$97,419
|
|
|
116,926
|
6.00%, 01/01/2033
|
119,190
|
|
|
15,948
|
6.00%, 02/01/2033
|
16,406
|
|
|
91,277
|
6.00%, 03/01/2033
|
93,601
|
|
|
273,081
|
6.00%, 02/01/2037
|
286,434
|
|
|
293,134
|
6.00%, 01/25/2042(4)
|
12,226
|
|
|
1,060,602
|
6.00%, 05/01/2053
|
1,097,775
|
|
|
1,067,820
|
6.00%, 09/01/2054
|
1,089,978
|
|
|
101
|
6.50%, 05/01/2031
|
105
|
|
|
322
|
6.50%, 09/01/2031
|
333
|
|
|
297
|
6.50%, 07/01/2032
|
307
|
|
|
208
|
7.00%, 07/01/2029
|
219
|
|
|
46
|
7.00%, 12/01/2030
|
48
|
|
|
41
|
7.00%, 03/01/2032
|
43
|
|
|
113
|
7.50%, 06/01/2027
|
113
|
|
|
2,321
|
7.50%, 03/01/2030
|
2,359
|
|
|
3,881
|
7.50%, 04/01/2030
|
3,930
|
|
|
256
|
7.50%, 06/01/2030
|
262
|
|
|
651
|
7.50%, 07/01/2030
|
667
|
|
|
188
|
7.50%, 08/01/2030
|
192
|
|
|
561
|
7.50%, 05/01/2031
|
571
|
|
|
2,712
|
7.50%, 06/01/2031
|
2,759
|
|
|
175
|
7.50%, 08/01/2031
|
177
|
|
|
11,202
|
7.50%, 09/01/2031
|
11,409
|
|
|
23
|
7.50%, 05/01/2032
|
24
|
|
|
|
|
|
155,459,588
|
|
|
Government National Mortgage Association - 7.7%
|
||
|
2,064,008
|
2.00%, 10/20/2050
|
1,707,025
|
|
|
3,966,333
|
2.00%, 12/20/2050
|
3,278,457
|
|
|
6,770,000
|
2.00%, 04/20/2056(13)
|
5,591,068
|
|
|
306,460
|
2.50%, 12/16/2039
|
291,763
|
|
|
651,466
|
2.50%, 07/20/2041
|
592,549
|
|
|
1,613,592
|
2.50%, 11/20/2049
|
1,398,113
|
|
|
1,284,592
|
2.50%, 03/20/2051
|
1,105,839
|
|
|
4,645,437
|
2.50%, 04/20/2051
|
3,999,471
|
|
|
20,095,000
|
2.50%, 04/20/2056(13)
|
17,284,840
|
|
|
33,470
|
3.00%, 09/20/2028(4)
|
126
|
|
|
1,074,790
|
3.00%, 05/20/2035(4)
|
45,122
|
|
|
217,182
|
3.00%, 02/16/2043(4)
|
27,892
|
|
|
1,150,713
|
3.00%, 03/15/2045
|
1,033,681
|
|
|
57,764
|
3.00%, 04/15/2045
|
51,892
|
|
|
964,954
|
3.00%, 07/15/2045
|
866,824
|
|
|
19,077
|
3.00%, 08/15/2045
|
17,137
|
|
|
6,055,033
|
3.00%, 04/20/2051
|
5,409,558
|
|
|
679,918
|
3.00%, 06/20/2051
|
607,548
|
|
|
1,834,979
|
3.00%, 08/20/2051
|
1,639,367
|
|
|
4,037
|
3.50%, 02/16/2027(4)
|
9
|
|
|
24,529
|
3.50%, 03/20/2027(4)
|
57
|
|
|
15,995
|
3.50%, 07/20/2040(4)
|
61
|
|
|
160,016
|
3.50%, 04/20/2042(4)
|
3,662
|
|
|
1,146,576
|
3.50%, 10/20/2042(4)
|
158,038
|
|
|
131,481
|
3.50%, 11/15/2042
|
123,954
|
|
|
3,734
|
3.50%, 12/15/2042
|
3,513
|
|
|
77,186
|
3.50%, 02/15/2043
|
72,527
|
|
|
4,099
|
3.50%, 03/15/2043
|
3,852
|
|
|
785,933
|
3.50%, 04/15/2043
|
738,489
|
|
|
1,531,628
|
3.50%, 05/15/2043
|
1,439,202
|
|
|
383,778
|
3.50%, 07/20/2043(4)
|
57,698
|
|
|
857,067
|
3.50%, 03/20/2044
|
811,178
|
|
|
282,727
|
3.50%, 07/20/2046
|
264,355
|
|
|
347,906
|
3.50%, 08/20/2047
|
327,905
|
|
|
241,227
|
3.50%, 11/20/2047
|
226,688
|
|
|
293,916
|
3.50%, 03/20/2048
|
275,476
|
|
|
400,465
|
3.50%, 06/20/2049
|
374,722
|
|
|
976,505
|
3.50%, 11/20/2049
|
911,617
|
|
|
286,848
|
3.50%, 06/20/2050
|
267,410
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Government National Mortgage Association - 7.7% - (continued)
|
||
|
$ 924,413
|
3.50%, 02/20/2051
|
$863,045
|
|
|
683,218
|
3.88%, 08/15/2042
|
653,792
|
|
|
173
|
4.00%, 12/16/2026(4)
|
—
|
|
|
35,456
|
4.00%, 05/20/2029(4)
|
98
|
|
|
1,240,887
|
4.00%, 07/20/2040
|
1,194,692
|
|
|
1,365,014
|
4.00%, 09/20/2040
|
1,314,058
|
|
|
2,157,685
|
4.00%, 10/20/2040
|
2,076,119
|
|
|
559,525
|
4.00%, 12/20/2040
|
536,628
|
|
|
83,128
|
4.00%, 05/16/2042(4)
|
6,378
|
|
|
1,914,298
|
4.00%, 09/16/2042(4)
|
392,521
|
|
|
97,092
|
4.00%, 01/20/2044(4)
|
18,358
|
|
|
715,021
|
4.00%, 01/16/2046(4)
|
113,029
|
|
|
630,941
|
4.00%, 03/20/2047(4)
|
100,519
|
|
|
272,457
|
4.00%, 11/20/2047
|
256,744
|
|
|
847,589
|
4.00%, 03/20/2048
|
799,527
|
|
|
2,245,347
|
4.00%, 07/20/2048
|
2,139,447
|
|
|
39,209
|
4.50%, 11/15/2039
|
38,493
|
|
|
388,329
|
4.50%, 05/15/2040
|
384,359
|
|
|
1,368,330
|
4.50%, 05/20/2040
|
1,356,930
|
|
|
83,330
|
4.50%, 07/15/2041
|
81,775
|
|
|
1,262,626
|
4.50%, 08/20/2045(4)
|
233,264
|
|
|
123,930
|
4.50%, 01/20/2046
|
122,477
|
|
|
731,624
|
4.50%, 01/20/2047(4)
|
76,050
|
|
|
946,631
|
4.50%, 05/20/2048(4)
|
136,173
|
|
|
272,489
|
4.50%, 05/20/2052
|
265,477
|
|
|
786,523
|
4.50%, 08/20/2052
|
766,041
|
|
|
723,452
|
4.50%, 09/20/2052
|
704,501
|
|
|
3,293,331
|
4.50%, 10/20/2052
|
3,208,583
|
|
|
2,090,000
|
4.50%, 04/20/2056(13)
|
2,018,733
|
|
|
793,667
|
5.00%, 02/16/2040(4)
|
152,787
|
|
|
714,263
|
5.00%, 05/20/2040
|
727,426
|
|
|
570,185
|
5.00%, 06/20/2040
|
582,432
|
|
|
224,366
|
5.00%, 07/20/2040
|
228,634
|
|
|
414,698
|
5.00%, 06/15/2041
|
420,785
|
|
|
374,654
|
5.00%, 10/16/2041(4)
|
61,711
|
|
|
609,616
|
5.00%, 03/15/2044
|
618,634
|
|
|
171,690
|
5.00%, 01/16/2047(4)
|
32,010
|
|
|
2,986,240
|
5.00%, 07/15/2052
|
2,964,127
|
|
|
4,242,500
|
5.00%, 04/20/2056(13)
|
4,201,358
|
|
|
300,199
|
5.50%, 10/20/2034
|
309,848
|
|
|
497,738
|
5.50%, 03/20/2039(4)
|
28,737
|
|
|
512,766
|
5.50%, 07/15/2041
|
525,538
|
|
|
472,698
|
5.50%, 02/16/2047(4)
|
59,707
|
|
|
315,845
|
5.50%, 02/20/2047(4)
|
44,199
|
|
|
14,540,000
|
5.50%, 04/20/2056(13)
|
14,632,601
|
|
|
244
|
6.00%, 01/15/2029
|
248
|
|
|
164
|
6.00%, 04/15/2029
|
166
|
|
|
7,686
|
6.00%, 12/15/2031
|
7,883
|
|
|
193
|
6.00%, 10/15/2032
|
202
|
|
|
7,199
|
6.00%, 06/15/2033
|
7,354
|
|
|
145
|
6.00%, 03/15/2034
|
151
|
|
|
11,016
|
6.00%, 08/15/2034
|
11,424
|
|
|
21,381
|
6.00%, 09/15/2034
|
21,575
|
|
|
14,053
|
6.00%, 02/15/2035
|
14,809
|
|
|
25,987
|
6.00%, 03/15/2036
|
27,300
|
|
|
26,126
|
6.00%, 05/15/2036
|
26,720
|
|
|
62,505
|
6.00%, 06/15/2036
|
65,564
|
|
|
7,025
|
6.00%, 06/15/2037
|
7,304
|
|
|
13,220
|
6.00%, 08/15/2037
|
13,725
|
|
|
28,182
|
6.00%, 08/15/2039
|
29,230
|
|
|
492,590
|
6.00%, 09/20/2040(4)
|
76,444
|
|
|
39,715
|
6.00%, 06/15/2041
|
41,708
|
|
|
506,196
|
6.00%, 02/20/2046(4)
|
57,283
|
|
|
3,021,497
|
6.00%, 09/20/2055
|
3,074,131
|
|
|
2,763,000
|
6.00%, 04/20/2056(13)
|
2,809,436
|
|
|
4,712
|
6.50%, 06/15/2028
|
4,755
|
|
|
|
44
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 44.5% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 44.5% - (continued)
|
||
|
|
Government National Mortgage Association - 7.7% - (continued)
|
||
|
$ 262
|
6.50%, 08/15/2028
|
$268
|
|
|
329
|
6.50%, 09/15/2028
|
333
|
|
|
274
|
6.50%, 11/15/2028
|
283
|
|
|
1,707
|
6.50%, 12/15/2028
|
1,758
|
|
|
3,288
|
6.50%, 02/15/2029
|
3,330
|
|
|
16,165
|
6.50%, 03/15/2029
|
16,508
|
|
|
7,339
|
6.50%, 04/15/2029
|
7,499
|
|
|
2,253
|
6.50%, 05/15/2029
|
2,277
|
|
|
44,677
|
6.50%, 06/15/2029
|
45,130
|
|
|
1,444
|
6.50%, 07/15/2029
|
1,507
|
|
|
31
|
6.50%, 03/15/2031
|
32
|
|
|
50,911
|
6.50%, 04/15/2031
|
52,357
|
|
|
12,482
|
6.50%, 05/15/2031
|
12,914
|
|
|
1,005
|
6.50%, 06/15/2031
|
1,033
|
|
|
50,750
|
6.50%, 07/15/2031
|
52,212
|
|
|
8,785
|
6.50%, 08/15/2031
|
9,013
|
|
|
15,874
|
6.50%, 09/15/2031
|
16,159
|
|
|
29,822
|
6.50%, 10/15/2031
|
31,289
|
|
|
104,413
|
6.50%, 11/15/2031
|
106,146
|
|
|
16,090
|
6.50%, 12/15/2031
|
16,563
|
|
|
32,607
|
6.50%, 01/15/2032
|
33,324
|
|
|
9,873
|
6.50%, 02/15/2032
|
10,134
|
|
|
18,525
|
6.50%, 03/15/2032
|
18,781
|
|
|
68,415
|
6.50%, 04/15/2032
|
70,434
|
|
|
166
|
6.50%, 05/15/2032
|
175
|
|
|
9,880
|
6.50%, 06/15/2032
|
10,147
|
|
|
130
|
7.00%, 02/15/2031
|
134
|
|
|
54
|
7.00%, 06/15/2031
|
55
|
|
|
|
|
|
103,274,237
|
|
|
Uniform Mortgage-Backed Security - 17.1%
|
||
|
11,455,000
|
2.50%, 04/01/2056(13)
|
9,629,359
|
|
|
490,000
|
3.00%, 04/01/2056(13)
|
430,308
|
|
|
2,850,000
|
3.00%, 05/01/2056(13)
|
2,500,585
|
|
|
4,457,000
|
3.50%, 04/01/2056(13)
|
4,085,482
|
|
|
9,065,000
|
4.00%, 04/01/2041(13)
|
8,852,274
|
|
|
4,699,000
|
4.00%, 04/01/2056(13)
|
4,433,617
|
|
|
2,190,000
|
4.50%, 04/01/2040(13)
|
2,174,226
|
|
|
32,140,000
|
4.50%, 04/01/2056(13)
|
31,015,282
|
|
|
12,385,000
|
4.50%, 05/01/2056(13)
|
11,940,468
|
|
|
25,890,000
|
5.00%, 04/01/2056(13)
|
25,530,819
|
|
|
7,805,000
|
5.00%, 05/01/2056(13)
|
7,687,877
|
|
|
7,430,000
|
5.50%, 04/01/2040(13)
|
7,574,386
|
|
|
38,524,000
|
5.50%, 04/01/2056(13)
|
38,701,438
|
|
|
32,420,000
|
5.50%, 05/01/2056(13)
|
32,524,999
|
|
|
17,478,000
|
6.00%, 04/01/2056(13)
|
17,815,815
|
|
|
24,740,000
|
6.00%, 05/01/2056(13)
|
25,188,216
|
|
|
|
|
|
230,085,151
|
|
|
Total U.S. Government Agencies
(cost $613,052,800)
|
|
$597,212,677
|
|
U.S. GOVERNMENT SECURITIES - 32.6%
|
|||
|
|
U.S. Treasury Securities - 32.6%
|
||
|
|
U.S. Treasury Bonds - 16.9%
|
||
|
24,645,000
|
1.25%, 05/15/2050
|
$11,695,785
|
|
|
31,895,000
|
1.38%, 11/15/2040
|
20,544,865
|
|
|
36,890,000
|
1.75%, 08/15/2041
|
24,662,982
|
|
|
5,115,000
|
1.88%, 11/15/2051
|
2,809,853
|
|
|
7,090,000
|
2.25%, 08/15/2046
|
4,621,517
|
|
|
15,065,000
|
2.25%, 02/15/2052
|
9,079,016
|
|
|
7,860,000
|
2.38%, 11/15/2049
|
5,007,373
|
|
|
58,795,000
|
2.88%, 08/15/2045(14)
|
43,652,991
|
|
|
6,175,000
|
3.00%, 02/15/2047
|
4,600,857
|
|
|
17,565,000
|
3.38%, 05/15/2044(15)
|
14,355,957
|
|
|
35,500,000
|
3.38%, 11/15/2048(14)(16)
|
27,818,965
|
|
|
12,035,000
|
3.63%, 05/15/2053
|
9,650,096
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT SECURITIES - 32.6% - (continued)
|
|||
|
|
U.S. Treasury Securities - 32.6% - (continued)
|
||
|
|
U.S. Treasury Bonds - 16.9% - (continued)
|
||
|
$ 1,175,000
|
4.25%, 05/15/2039
|
$1,140,438
|
|
|
28,222,000
|
4.25%, 08/15/2054
|
25,276,329
|
|
|
2,625,000
|
4.38%, 05/15/2040
|
2,549,634
|
|
|
2,830,000
|
4.50%, 08/15/2039
|
2,803,027
|
|
|
4,685,000
|
4.75%, 05/15/2055
|
4,561,836
|
|
|
6,255,000
|
4.75%, 08/15/2055
|
6,095,693
|
|
|
6,250,000
|
4.88%, 08/15/2045
|
6,229,492
|
|
|
|
|
|
227,156,706
|
|
|
U.S. Treasury Inflation-Indexed Bonds - 1.3%
|
||
|
11,302,328
|
0.25%, 02/15/2050(17)
|
6,393,640
|
|
|
10,218,675
|
0.75%, 02/15/2042(17)
|
7,869,197
|
|
|
3,844,355
|
1.38%, 02/15/2044(17)
|
3,175,236
|
|
|
|
|
|
17,438,073
|
|
|
U.S. Treasury Notes - 14.4%
|
||
|
24,200,000
|
2.38%, 05/15/2027
|
23,819,985
|
|
|
1,677,000
|
3.38%, 02/29/2028
|
1,663,767
|
|
|
7,375,000
|
3.38%, 05/15/2033
|
7,025,552
|
|
|
1,357,600
|
3.50%, 02/15/2029
|
1,345,827
|
|
|
12,530,000
|
3.63%, 08/31/2029
|
12,434,067
|
|
|
835,100
|
3.75%, 01/31/2031
|
827,989
|
|
|
1,013,300
|
3.75%, 02/28/2033
|
990,184
|
|
|
423,000
|
3.88%, 03/31/2028
|
423,628
|
|
|
11,400,000
|
4.00%, 01/31/2033
|
11,312,719
|
|
|
30,375,000
|
4.00%, 02/15/2034
|
29,962,090
|
|
|
17,170,000
|
4.00%, 11/15/2035
|
16,748,798
|
|
|
32,405,000
|
4.13%, 11/30/2031
|
32,563,227
|
|
|
12,158,100
|
4.13%, 02/15/2036
|
11,968,130
|
|
|
17,305,000
|
4.25%, 11/15/2034
|
17,300,268
|
|
|
24,450,000
|
4.38%, 01/31/2032
|
24,866,414
|
|
|
|
|
|
193,252,645
|
|
|
Total U.S. Government Securities
(cost $502,323,777)
|
|
$437,847,424
|
|
PREFERRED STOCKS - 0.0%
|
|||
|
|
Software & Services - 0.0%
|
||
|
285
|
Oracle Corp. Series D, 6.50%*
|
$12,828
|
|
|
|
Total Preferred Stocks
(cost $14,250)
|
|
$12,828
|
|
|
Total Long-Term Investments
(cost $1,684,444,148)
|
|
$1,589,769,153
|
|
SHORT-TERM INVESTMENTS - 0.8%
|
|||
|
|
Repurchase Agreements - 0.2%
|
||
|
2,891,550
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at
3.66%, due on 04/01/2026 with a
maturity value of $2,891,844;
collateralized by U.S. Treasury Note at
3.38%, maturing 11/30/2027, with a
market value of $2,949,417
|
$2,891,550
|
|
|
|
Securities Lending Collateral - 0.6%
|
||
|
8,432,020
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(18)
|
8,432,020
|
|
|
|
Total Short-Term Investments
(cost $11,323,570)
|
$11,323,570
|
|
|
|
Total Investments
(cost $1,695,767,718)
|
119.3
%
|
$1,601,092,723
|
|
|
Other Assets and Liabilities
|
(19.3
)%
|
(258,932,531
)
|
|
|
Net Assets
|
100.0
%
|
$1,342,160,192
|
|
|
45
|
|
|
*
|
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, 2026, the aggregate value of these securities was
$323,248,032, representing 24.1% of net assets.
|
|
(2)
|
Variable or floating rate securities. Interest rate resets periodically. The rate
shown
is the effective interest rate as of period end. Security description also includes
the
reference rate and spread if published and available. Variable rate securities with
a
floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain
variable rate securities are not based on a published reference rate and spread but
are determined by the issuer or agent and are based on current market conditions;
these securities do not indicate a reference rate and spread in the description. For
fixed to variable securities, the rate remains fixed until designated date stated
in
security description.
|
|
(3)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(4)
|
Securities disclosed are interest-only strips.
|
|
(5)
|
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, 2026, the aggregate
value of these securities was $33,352,221, representing 2.5% of net assets.
|
|
(6)
|
Represents entire or partial securities on loan.
|
|
(7)
|
Perpetual maturity security. Maturity date shown is the next call date or final legal
maturity date, whichever comes first.
|
|
(8)
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When
applicable, separate rates of such payments are disclosed.
|
|
(9)
|
The rate shown represents current yield to maturity.
|
|
(10)
|
Securities disclosed are principal-only strips.
|
|
(11)
|
Security is a zero-coupon bond.
|
|
(12)
|
Market value is less than $1.
|
|
(13)
|
Represents or includes a TBA transaction.
|
|
(14)
|
All, or a portion of the security, was pledged as collateral in connection with TBAs.
As of March 31, 2026, the market value of securities pledged was $785,314.
|
|
(15)
|
All, or a portion of the security, was pledged as collateral in connection with
centrally cleared swap contracts. As of March 31, 2026, the market value of
securities pledged was $10,134,578.
|
|
(16)
|
All, or a portion of the security, was pledged as collateral in connection with
futures contracts. As of March 31, 2026, the market value of securities pledged
was $2,464,525.
|
|
(17)
|
The principal amount for these securities are adjusted for inflation and the interest
payments equal a fixed percentage of the inflation-adjusted principal amount.
|
|
(18)
|
Current yield as of period end.
|
|
Futures Contracts Outstanding at March 31, 2026
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Long position contracts:
|
||||
|
Australian 10-Year Bond Future
|
234
|
06/15/2026
|
$17,396,669
|
$(157,771
)
|
|
Euro BUXL 30-Year Bond Future
|
80
|
06/08/2026
|
10,195,524
|
(138,783
)
|
|
U.S. Treasury 2-Year Note Future
|
267
|
06/30/2026
|
55,387,898
|
139,046
|
|
U.S. Treasury 10-Year Note Future
|
6
|
06/18/2026
|
666,281
|
(852
)
|
|
U.S. Treasury 10-Year Ultra Future
|
239
|
06/18/2026
|
27,130,235
|
(142,856
)
|
|
Total
|
|
|
|
$(301,216
)
|
|
Short position contracts:
|
||||
|
Euro-BTP Italian Bond Future
|
(69)
|
06/08/2026
|
$(9,273,756
)
|
$176,250
|
|
Euro-BUND Future
|
(212)
|
06/08/2026
|
(30,725,597
)
|
589,703
|
|
French Government Bond Future
|
(63)
|
06/08/2026
|
(8,642,835
)
|
77,135
|
|
Long Gilt Future
|
(10)
|
06/26/2026
|
(1,161,989
)
|
56,516
|
|
U.S. Treasury 5-Year Note Future
|
(19)
|
06/30/2026
|
(2,055,414
)
|
5,617
|
|
U.S. Treasury Long Bond Future
|
(62)
|
06/18/2026
|
(7,060,250
)
|
939
|
|
|
46
|
|
|
Futures Contracts Outstanding at March 31, 2026 – (continued)
|
||||
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Current
Notional
Amount
|
Value and
Unrealized
Appreciation/
(Depreciation)
|
|
Short position contracts – (continued):
|
||||
|
U.S. Treasury Ultra Bond Future
|
(99)
|
06/18/2026
|
$(11,539,688
)
|
$225,200
|
|
Total
|
|
|
|
$1,131,360
|
|
Total futures contracts
|
$830,144
|
|||
|
TBA Sale Commitments Outstanding at March 31, 2026
|
||||
|
Description
|
Principal
Amount
|
Maturity
Date
|
Market
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
Government National Mortgage Association, 3.00%
|
$1,775,000
|
04/20/2056
|
$(1,584,353
)
|
$20,978
|
|
Government National Mortgage Association, 4.00%
|
14,450,000
|
05/20/2056
|
(13,525,624
)
|
(60,758
)
|
|
Government National Mortgage Association, 4.50%
|
9,450,000
|
04/20/2056
|
(9,127,766
)
|
64,777
|
|
Government National Mortgage Association, 5.00%
|
15,725,000
|
04/20/2056
|
(15,572,504
)
|
105,813
|
|
Uniform Mortgage-Backed Security, 2.00%
|
10,385,000
|
04/01/2056
|
(8,362,359
)
|
92,939
|
|
Uniform Mortgage-Backed Security, 2.00%
|
2,100,000
|
04/01/2041
|
(1,931,292
)
|
(2,819
)
|
|
Uniform Mortgage-Backed Security, 2.50%
|
23,535,000
|
05/01/2056
|
(19,775,835
)
|
(128,521
)
|
|
Uniform Mortgage-Backed Security, 2.50%
|
22,760,000
|
04/01/2056
|
(19,132,625
)
|
447,715
|
|
Uniform Mortgage-Backed Security, 3.00%
|
5,070,000
|
04/01/2056
|
(4,452,370
)
|
(20,062
)
|
|
Uniform Mortgage-Backed Security, 3.00%
|
1,925,000
|
04/01/2041
|
(1,838,310
)
|
3,674
|
|
Uniform Mortgage-Backed Security, 4.00%
|
4,699,000
|
04/01/2056
|
(4,433,618
)
|
95,195
|
|
Uniform Mortgage-Backed Security, 4.00%
|
4,699,000
|
05/01/2056
|
(4,430,130
)
|
(15,699
)
|
|
Uniform Mortgage-Backed Security, 4.50%
|
6,990,000
|
04/01/2056
|
(6,745,390
)
|
146,674
|
|
Total TBA sale commitments (proceeds receivable $111,662,082)
|
$(110,912,176
)
|
$749,906
|
||
|
At March 31, 2026, the aggregate market value of TBA Sale Commitments represents (8.3)%
of total net assets.
|
||||
|
Centrally Cleared Credit Default Swap Contracts Outstanding at March 31, 2026
|
|||||||||
|
Reference Entity
|
Notional
Amount(1)
|
(Pay)/Receive
Fixed Rate
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
Credit default swaps on indices:
|
|
||||||||
|
Sell protection:
|
|
||||||||
|
CDX.NA.HY.S45.V2
|
USD
|
12,652,200
|
5.00%
|
12/20/2030
|
Quarterly
|
$818,084
|
$—
|
$691,624
|
$(126,460
)
|
|
CDX.NA.HY.S46.V1
|
USD
|
6,450,000
|
5.00%
|
06/20/2031
|
Quarterly
|
282,832
|
—
|
322,079
|
39,247
|
|
CDX.NA.IG.S45.V1
|
USD
|
20,225,000
|
1.00%
|
12/20/2030
|
Quarterly
|
394,936
|
—
|
365,672
|
(29,264
)
|
|
CDX.NA.IG.S46.V1
|
USD
|
400,000
|
1.00%
|
06/20/2031
|
Quarterly
|
6,799
|
—
|
7,049
|
250
|
|
iTraxx Europe S45.V1
|
EUR
|
2,600,000
|
1.00%
|
06/20/2031
|
Quarterly
|
44,032
|
—
|
42,234
|
(1,798
)
|
|
Total
|
$1,546,683
|
$—
|
$1,428,658
|
$(118,025
)
|
|||||
|
Credit default swaps on single-name
issues:
|
|
|
|
|
|
|
|
|
|
|
Sell protection:
|
|
||||||||
|
Oracle Corp. (BBB)
|
USD
|
3,680,000
|
1.00%
|
12/20/2030
|
Quarterly
|
$—
|
$(39,496
)
|
$(118,572
)
|
$(79,076
)
|
|
Paramount Global (BB+)
|
USD
|
720,000
|
1.00%
|
06/20/2031
|
Quarterly
|
—
|
(73,474
)
|
(75,575
)
|
(2,101
)
|
|
Total
|
|
|
|
|
|
$—
|
$(112,970
)
|
$(194,147
)
|
$(81,177
)
|
|
Total centrally cleared credit default swap contracts
|
$1,546,683
|
$(112,970
)
|
$1,234,511
|
$(199,202
)
|
|||||
|
(1)
|
The maximum potential amount the Fund could be required to pay as a seller of credit
protection or receive as a buyer of credit protection if a credit event occurs as
defined under
the terms of that particular swap agreement.
|
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at March 31, 2026
|
|||||||||
|
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
|
$—
|
$—
|
$(10,423
)
|
$(10,423
)
|
|
3.60% Fixed
|
12 Mo. USD SOFR
|
USD
|
5,800,000
|
11/15/2032
|
Annual
|
—
|
—
|
32,666
|
32,666
|
|
|
47
|
|
|
Centrally Cleared Interest Rate Swap Contracts Outstanding at March 31, 2026 – (continued)
|
|||||||||
|
Payments made
by Fund
|
Payments received
by Fund
|
Notional
Amount
|
Expiration
Date
|
Periodic
Payment
Frequency
|
Upfront
Premiums
Paid
|
Upfront
Premiums
Received
|
Value†
|
Unrealized
Appreciation/
(Depreciation)
|
|
|
4.16% Fixed
|
12 Mo. USD SOFR
|
USD
|
31,330,000
|
03/19/2045
|
Annual
|
$—
|
$(57,426
)
|
$(106,912
)
|
$(49,486
)
|
|
2.97% Fixed
|
12 Mo. USD SOFR
|
USD
|
8,430,000
|
03/15/2053
|
Annual
|
24,434
|
—
|
1,606,334
|
1,581,900
|
|
2.88% Fixed
|
12 Mo. USD SOFR
|
USD
|
3,745,000
|
03/15/2053
|
Annual
|
39,148
|
—
|
768,769
|
729,621
|
|
3.25% Fixed
|
12 Mo. USD SOFR
|
USD
|
6,235,000
|
06/21/2053
|
Annual
|
—
|
(61,617
)
|
942,244
|
1,003,861
|
|
Total centrally cleared interest rate swaps contracts
|
$63,582
|
$(119,043
)
|
$3,232,678
|
$3,288,139
|
|||||
|
Foreign Currency Contracts Outstanding at March 31, 2026
|
||||||
|
Amount and Description of
Currency to be Purchased
|
Amount and Description of
Currency to be Sold
|
Counterparty
|
Settlement
Date
|
Appreciation/
(Depreciation)
|
||
|
290,000
|
EUR
|
332,776
|
USD
|
UBS
|
04/30/2026
|
$2,931
|
|
501,000
|
EUR
|
577,138
|
USD
|
SSG
|
04/30/2026
|
2,825
|
|
323,000
|
EUR
|
373,376
|
USD
|
RBC
|
04/30/2026
|
532
|
|
878,000
|
EUR
|
1,020,918
|
USD
|
GSC
|
04/30/2026
|
(4,536
)
|
|
13,144,000
|
EUR
|
15,291,960
|
USD
|
DEUT
|
04/30/2026
|
(76,318
)
|
|
59,416,895
|
USD
|
51,071,000
|
EUR
|
DEUT
|
04/30/2026
|
296,533
|
|
69,224
|
USD
|
60,000
|
EUR
|
JPM
|
04/30/2026
|
(233
)
|
|
3,285,883
|
USD
|
2,452,000
|
GBP
|
WEST
|
04/30/2026
|
40,545
|
|
118,771
|
USD
|
89,000
|
GBP
|
SSG
|
04/30/2026
|
976
|
|
Total foreign currency contracts
|
$263,255
|
|||||
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset-Backed & Commercial Mortgage-Backed Securities
|
$273,578,428
|
$—
|
$273,578,428
|
$—
|
|
Convertible Bonds
|
484,878
|
—
|
484,878
|
—
|
|
Corporate Bonds
|
247,482,771
|
—
|
247,482,771
|
—
|
|
Foreign Government Obligations
|
30,572,887
|
—
|
30,572,887
|
—
|
|
Municipal Bonds
|
2,577,260
|
—
|
2,577,260
|
—
|
|
U.S. Government Agencies
|
597,212,677
|
—
|
597,212,677
|
—
|
|
U.S. Government Securities
|
437,847,424
|
—
|
437,847,424
|
—
|
|
Preferred Stocks
|
12,828
|
12,828
|
—
|
—
|
|
Short-Term Investments
|
11,323,570
|
8,432,020
|
2,891,550
|
—
|
|
Foreign Currency Contracts(2)
|
344,342
|
—
|
344,342
|
—
|
|
Futures Contracts(2)
|
1,270,406
|
1,270,406
|
—
|
—
|
|
Swaps - Credit Default(2)
|
39,497
|
—
|
39,497
|
—
|
|
Swaps - Interest Rate(2)
|
3,348,048
|
—
|
3,348,048
|
—
|
|
Total
|
$1,606,095,016
|
$9,715,254
|
$1,596,379,762
|
$—
|
|
Liabilities
|
|
|
|
|
|
Foreign Currency Contracts(2)
|
$(81,087
)
|
$—
|
$(81,087
)
|
$—
|
|
Futures Contracts(2)
|
(440,262
)
|
(440,262
)
|
—
|
—
|
|
Swaps - Credit Default(2)
|
(238,699
)
|
—
|
(238,699
)
|
—
|
|
Swaps - Interest Rate(2)
|
(59,909
)
|
—
|
(59,909
)
|
—
|
|
TBA Sale Commitments
|
(110,912,176
)
|
—
|
(110,912,176
)
|
—
|
|
Total
|
$(111,732,133
)
|
$(440,262
)
|
$(111,291,871
)
|
$—
|
|
(1)
|
For the period ended March 31, 2026, investments valued at $2,744,996 were transferred
out of Level 3 due to the availability of active market prices which has been determined
to be significant observable input. There were no transfers into Level 3.
|
|
(2)
|
Derivative instruments (excluding purchased and written options, if applicable) are
valued at the unrealized appreciation/(depreciation) on the investments.
|
|
|
48
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 39.7%
|
|||
|
|
Asset-Backed - Automobile - 25.4%
|
||
|
$ 1,895,000
|
Ally Auto Receivables Trust Series 2025-1,
4.03%, 07/17/2028
|
$1,894,229
|
|
|
172,061
|
American Heritage Auto Receivables Trust
Series 2024-1A, 4.83%, 03/15/2028(1)
|
172,271
|
|
|
|
ARI Fleet Lease Trust
|
|
|
|
1,260,000
|
Series 2026-A, 3.96%, 11/15/2034(1)
|
1,255,737
|
|
|
1,911,087
|
Series 2025-A, 4.38%, 01/17/2034(1)
|
1,913,534
|
|
|
608,479
|
Series 2025-B, 4.59%, 03/15/2034(1)
|
610,054
|
|
|
113,877
|
Series 2024-A, 5.30%, 11/15/2032(1)
|
114,412
|
|
|
1,886,000
|
Series 2023-B, 5.89%, 07/15/2032(1)
|
1,914,213
|
|
|
101,547
|
Series 2023-B, 6.05%, 07/15/2032(1)
|
102,068
|
|
|
|
BMW Vehicle Lease Trust
|
|
|
|
1,590,000
|
Series 2025-2, 3.97%, 09/25/2028
|
1,587,853
|
|
|
533,974
|
Series 2025-1, 4.43%, 09/27/2027
|
534,646
|
|
|
|
BMW Vehicle Owner Trust
|
|
|
|
546,628
|
Series 2025-A, 4.43%, 10/25/2027
|
546,964
|
|
|
722,665
|
Series 2023-A, 5.47%, 02/25/2028
|
726,337
|
|
|
|
BofA Auto Trust
|
|
|
|
2,500,000
|
Series 2025-1A, 4.35%, 11/20/2029(1)
|
2,507,129
|
|
|
155,447
|
Series 2025-1A, 4.52%, 11/22/2027(1)
|
155,599
|
|
|
|
Capital One Prime Auto Receivables Trust
|
|
|
|
4,685,000
|
Series 2025-1, 3.88%, 01/16/2029
|
4,678,825
|
|
|
43,224
|
Series 2024-1, 4.61%, 10/15/2027
|
43,240
|
|
|
686,453
|
Series 2023-1, 4.87%, 02/15/2028
|
688,170
|
|
|
|
CarMax Auto Owner Trust
|
|
|
|
324,971
|
Series 2025-3, 4.42%, 08/15/2028
|
325,381
|
|
|
1,102,286
|
Series 2025-2, 4.59%, 07/17/2028
|
1,104,284
|
|
|
126,283
|
Series 2023-1, 4.75%, 10/15/2027
|
126,407
|
|
|
341,607
|
Chesapeake Funding II LLC Series 2023-1A,
5.65%, 05/15/2035(1)
|
342,098
|
|
|
651,786
|
Citizens Auto Receivables Trust Series 2023-2,
5.83%, 02/15/2028(1)
|
654,996
|
|
|
|
Enterprise Fleet Financing LLC
|
|
|
|
1,548,655
|
Series 2024-1, 5.23%, 03/20/2030(1)
|
1,556,235
|
|
|
239,217
|
Series 2023-2, 5.56%, 04/22/2030(1)
|
240,132
|
|
|
182,811
|
Series 2024-2, 5.74%, 12/20/2026(1)
|
183,063
|
|
|
40,312
|
Series 2022-4, 5.76%, 10/22/2029(1)
|
40,360
|
|
|
1,147,641
|
Series 2023-3, 6.40%, 03/20/2030(1)
|
1,157,961
|
|
|
|
Ford Credit Auto Lease Trust
|
|
|
|
890,000
|
Series 2026-A, 3.83%, 08/15/2028
|
889,043
|
|
|
3,367,849
|
Series 2025-B, 4.37%, 03/15/2028
|
3,371,383
|
|
|
134,105
|
Series 2024-A, 5.06%, 05/15/2027
|
134,135
|
|
|
|
Ford Credit Auto Owner Trust
|
|
|
|
1,025,000
|
Series 2025-B, 3.91%, 04/15/2030
|
1,021,677
|
|
|
1,384,030
|
Series 2025-A, 4.47%, 12/15/2027
|
1,386,049
|
|
|
193,348
|
Series 2024-D, 4.59%, 10/15/2027
|
193,541
|
|
|
2,500,000
|
Series 2023-1, 4.85%, 08/15/2035(1)
|
2,525,960
|
|
|
|
Ford Credit Floorplan Master Owner Trust A
|
|
|
|
935,000
|
Series 2025-1, 4.63%, 04/15/2030
|
941,069
|
|
|
1,600,000
|
Series 2023-1, 4.92%, 05/15/2028(1)
|
1,601,963
|
|
|
68,714
|
Foursight Capital Automobile Receivables Trust
Series 2023-2, 5.99%, 05/15/2028(1)
|
68,801
|
|
|
72,261
|
GLS Auto Select Receivables Trust Series
2023-2A, 6.37%, 06/15/2028(1)
|
72,382
|
|
|
|
GM Financial Automobile Leasing Trust
|
|
|
|
565,000
|
Series 2026-1, 3.77%, 04/20/2028
|
563,359
|
|
|
877,980
|
Series 2025-3, 4.19%, 10/20/2027
|
878,676
|
|
|
250,000
|
Series 2024-3, 4.22%, 10/20/2028
|
250,195
|
|
|
1,115,000
|
Series 2025-2, 4.58%, 05/22/2028
|
1,120,291
|
|
|
|
GM Financial Consumer Automobile
Receivables Trust
|
|
|
|
930,000
|
Series 2026-1, 3.77%, 03/16/2029
|
927,914
|
|
|
1,800,000
|
Series 2025-4, 3.88%, 12/18/2028
|
1,798,367
|
|
|
980,425
|
Series 2025-3, 4.32%, 06/16/2028
|
982,176
|
|
|
193,969
|
Series 2025-2, 4.40%, 02/16/2028
|
194,188
|
|
|
737,252
|
Series 2023-1, 4.66%, 02/16/2028
|
738,257
|
|
|
2,305,761
|
Series 2023-3, 5.45%, 06/16/2028
|
2,317,228
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 39.7% -
(continued)
|
|||
|
|
Asset-Backed - Automobile - 25.4% - (continued)
|
||
|
$ 2,640,000
|
GMF Floorplan Owner Revolving Trust Series
2025-1A, 4.59%, 03/15/2029(1)
|
$2,652,630
|
|
|
|
Honda Auto Receivables Owner Trust
|
|
|
|
455,000
|
Series 2026-1, 3.78%, 09/23/2030
|
451,228
|
|
|
1,938,935
|
Series 2025-3, 4.19%, 03/21/2028
|
1,940,237
|
|
|
514,829
|
Series 2025-2, 4.30%, 01/18/2028
|
515,209
|
|
|
1,258,270
|
Series 2024-1, 5.21%, 08/15/2028
|
1,266,688
|
|
|
|
Hyundai Auto Lease Securitization Trust
|
|
|
|
1,540,000
|
Series 2026-A, 3.85%, 05/15/2028(1)
|
1,537,130
|
|
|
202,960
|
Series 2025-C, 4.37%, 01/18/2028(1)
|
203,358
|
|
|
554,779
|
Series 2025-B, 4.58%, 09/15/2027(1)
|
555,897
|
|
|
896,272
|
Series 2024-C, 4.77%, 03/15/2027(1)
|
897,303
|
|
|
1,925,000
|
Series 2025-A, 4.83%, 01/18/2028(1)
|
1,936,221
|
|
|
339,272
|
Series 2024-A, 5.02%, 03/15/2027(1)
|
339,439
|
|
|
|
Hyundai Auto Receivables Trust
|
|
|
|
1,265,000
|
Series 2025-C, 3.88%, 04/15/2030
|
1,258,381
|
|
|
1,230,000
|
Series 2025-D, 4.03%, 11/15/2028
|
1,230,261
|
|
|
1,625,000
|
Series 2025-A, 4.32%, 10/15/2029
|
1,628,798
|
|
|
936,749
|
Series 2025-B, 4.45%, 08/15/2028
|
938,443
|
|
|
1,465,000
|
Hyundai Floorplan Master Owner Trust Series
2025-1A, 4.01%, 10/15/2030(1)
|
1,453,835
|
|
|
1,094,632
|
LAD Auto Receivables Trust Series 2025-2A,
4.30%, 07/17/2028(1)
|
1,095,268
|
|
|
230,075
|
M&T Bank Auto Receivables Trust Series
2025-1A, 4.63%, 05/15/2028(1)
|
230,442
|
|
|
|
Mercedes-Benz Auto Lease Trust
|
|
|
|
637,365
|
Series 2024-B, 4.23%, 02/15/2028
|
637,608
|
|
|
595,000
|
Series 2025-A, 4.61%, 04/16/2029
|
599,310
|
|
|
161,860
|
Mercedes-Benz Auto Receivables Trust Series
2023-1, 4.51%, 11/15/2027
|
161,989
|
|
|
|
Nissan Auto Lease Trust
|
|
|
|
1,695,000
|
Series 2026-A, 3.90%, 05/15/2028
|
1,690,699
|
|
|
1,184,331
|
Series 2024-A, 4.91%, 04/15/2027
|
1,185,395
|
|
|
|
Nissan Auto Receivables Owner Trust
|
|
|
|
734,388
|
Series 2022-A, 2.07%, 12/17/2029
|
733,024
|
|
|
1,805,000
|
Series 2025-A, 4.49%, 12/17/2029
|
1,816,429
|
|
|
|
Porsche Financial Auto Securitization Trust
|
|
|
|
1,618,127
|
Series 2025-1A, 3.91%, 03/22/2029(1)
|
1,618,623
|
|
|
1,832,834
|
Series 2024-1A, 4.44%, 01/22/2030(1)
|
1,836,224
|
|
|
333,120
|
Series 2023-2A, 5.79%, 01/22/2029(1)
|
334,905
|
|
|
|
Porsche Innovative Lease Owner Trust
|
|
|
|
2,540,000
|
Series 2025-1A, 4.61%, 10/20/2028(1)
|
2,556,237
|
|
|
2,343,612
|
Series 2024-1A, 4.67%, 11/22/2027(1)
|
2,347,891
|
|
|
1,549,367
|
Santander Drive Auto Receivables Trust Series
2025-3, 4.63%, 10/16/2028
|
1,551,948
|
|
|
|
SBNA Auto Lease Trust
|
|
|
|
48,032
|
Series 2025-A, 4.68%, 04/20/2027(1)
|
48,044
|
|
|
2,075,000
|
Series 2024-B, 5.55%, 12/20/2028(1)
|
2,088,682
|
|
|
524,608
|
SCCU Auto Receivables Trust Series 2025-1A,
4.67%, 11/15/2028(1)
|
525,486
|
|
|
|
SFS Auto Receivables Securitization Trust
|
|
|
|
925,000
|
Series 2025-2A, 4.44%, 12/20/2030(1)
|
926,499
|
|
|
2,500,000
|
Series 2024-3A, 4.55%, 06/20/2030(1)
|
2,509,179
|
|
|
146,568
|
Series 2025-1A, 4.65%, 05/22/2028(1)
|
146,701
|
|
|
|
Stellantis Financial Underwritten Enhanced
Lease Trust
|
|
|
|
2,738,477
|
Series 2025-BA, 4.31%, 05/22/2028(1)
|
2,742,971
|
|
|
2,700,000
|
Series 2025-AA, 4.47%, 07/20/2028(1)
|
2,710,173
|
|
|
|
Toyota Auto Receivables Owner Trust
|
|
|
|
1,480,000
|
Series 2025-D, 3.89%, 08/15/2028
|
1,478,129
|
|
|
1,109,568
|
Series 2025-C, 4.29%, 06/15/2028
|
1,110,314
|
|
|
610,363
|
Series 2025-B, 4.46%, 03/15/2028
|
610,975
|
|
|
|
Toyota Lease Owner Trust
|
|
|
|
1,445,000
|
Series 2026-A, 3.82%, 02/20/2029(1)
|
1,435,620
|
|
|
1,085,000
|
Series 2025-B, 3.96%, 11/20/2028(1)
|
1,079,796
|
|
|
1,339,124
|
Series 2024-B, 4.21%, 09/20/2027(1)
|
1,339,674
|
|
|
|
49
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 39.7% -
(continued)
|
|||
|
|
Asset-Backed - Automobile - 25.4% - (continued)
|
||
|
$ 650,000
|
Series 2024-A, 5.26%, 06/20/2028(1)
|
$651,275
|
|
|
1,750,000
|
USAA Auto Owner Trust Series 2024-A, 4.97%,
12/17/2029(1)
|
1,769,137
|
|
|
289,338
|
USB Auto Owner Trust Series 2025-1A, 4.51%,
06/15/2028(1)
|
289,705
|
|
|
|
Volkswagen Auto Lease Trust
|
|
|
|
1,395,000
|
Series 2025-B, 4.01%, 01/22/2029
|
1,393,031
|
|
|
2,004,227
|
Series 2025-A, 4.43%, 12/20/2027
|
2,008,622
|
|
|
433,704
|
Volkswagen Auto Loan Enhanced Trust Series
2024-1, 4.65%, 11/22/2027
|
434,456
|
|
|
655,000
|
Westlake Automobile Receivables Trust Series
2026-1A, 4.02%, 09/15/2028(1)
|
653,986
|
|
|
|
Wheels Fleet Lease Funding 1 LLC
|
|
|
|
1,749,880
|
Series 2025-1A, 4.57%, 01/18/2040(1)
|
1,755,623
|
|
|
148,618
|
Series 2024-2A, 4.87%, 06/21/2039(1)
|
149,665
|
|
|
475,910
|
Series 2023-1A, 5.80%, 04/18/2038(1)
|
478,041
|
|
|
320,413
|
Series 2023-2A, 6.46%, 08/18/2038(1)
|
323,113
|
|
|
|
World Omni Auto Receivables Trust
|
|
|
|
2,091,481
|
Series 2022-B, 3.44%, 03/15/2028
|
2,089,838
|
|
|
755,000
|
Series 2026-A, 3.86%, 05/15/2031
|
747,116
|
|
|
|
World Omni Automobile Lease Securitization
Trust
|
|
|
|
1,440,000
|
Series 2026-A, 4.02%, 12/15/2028
|
1,439,027
|
|
|
2,660,000
|
Series 2025-A, 4.42%, 04/17/2028
|
2,667,959
|
|
|
2,525,000
|
Series 2024-A, 5.25%, 09/17/2029
|
2,542,503
|
|
|
|
|
|
122,499,242
|
|
|
Asset-Backed - Credit Card - 0.5%
|
||
|
2,260,000
|
WF Card Issuance Trust Series 2025-A1,
4.34%, 05/15/2030
|
2,271,739
|
|
|
|
Asset-Backed - Finance & Insurance - 3.6%
|
||
|
2,450,000
|
ARES LX CLO Ltd. Series 2021-60A, 4.63%,
07/18/2034, 3 mo. USD Term SOFR +
0.95%(1)(2)
|
2,443,512
|
|
|
|
Bain Capital Credit CLO Ltd.
|
|
|
|
2,610,000
|
Series 2020-3A, 4.65%, 10/23/2034, 3 mo.
USD Term SOFR + 0.98%(1)(2)
|
2,608,893
|
|
|
2,450,000
|
Series 2021-4A, 4.67%, 10/20/2034, 3 mo.
USD Term SOFR + 0.82%(1)(2)
|
2,445,056
|
|
|
2,450,000
|
Carlyle U.S. CLO Ltd. Series 2022-1A, 4.65%,
04/15/2035, 3 mo. USD Term SOFR +
1.85%(1)(2)
|
2,448,719
|
|
|
1,500,000
|
CIFC Funding Ltd. Series 2022-3A, 4.62%,
04/21/2035, 3 mo. USD Term SOFR +
0.94%(1)(2)
|
1,499,983
|
|
|
520,000
|
Kubota Credit Owner Trust Series 2026-1A,
3.84%, 01/16/2029(1)
|
517,670
|
|
|
525,000
|
Palmer Square Loan Funding Ltd. Series
2024-1A, 4.48%, 10/15/2032(1)(2)
|
524,717
|
|
|
2,450,000
|
TSTAT Ltd. Series 2022-1A, 4.60%,
01/20/2032(1)(2)
|
2,448,626
|
|
|
2,425,000
|
Verizon Master Trust Series 2026-1, 3.94%,
02/20/2031
|
2,413,077
|
|
|
|
|
|
17,350,253
|
|
|
Other Asset-Backed Securities - 6.3%
|
||
|
24,374
|
Amur Equipment Finance Receivables XI LLC
Series 2022-2A, 5.30%, 06/21/2028(1)
|
24,391
|
|
|
395,632
|
Amur Equipment Finance Receivables XII LLC
Series 2023-1A, 6.09%, 12/20/2029(1)
|
397,935
|
|
|
925,782
|
Amur Equipment Finance Receivables XIII LLC
Series 2024-1A, 5.38%, 01/21/2031(1)
|
932,923
|
|
|
2,300,373
|
Amur Equipment Finance Receivables XV LLC
Series 2025-1A, 4.70%, 09/22/2031(1)
|
2,315,442
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 39.7% -
(continued)
|
|||
|
|
Other Asset-Backed Securities - 6.3% - (continued)
|
||
|
$ 1,954,250
|
Apidos CLO XXXII Series 2019-32A, 4.77%,
01/20/2033, 3 mo. USD Term SOFR +
1.00%(1)(2)
|
$1,956,862
|
|
|
57,735
|
Auxilior Term Funding LLC Series 2023-1A,
6.18%, 12/15/2028(1)
|
57,860
|
|
|
|
Barings Equipment Finance LLC
|
|
|
|
770,000
|
Series 2026-A, 3.89%, 04/13/2029(1)
|
768,286
|
|
|
675,000
|
Series 2025-B, 4.02%, 02/13/2029(1)
|
674,603
|
|
|
450,000
|
Benefit Street Partners CLO XXIII Ltd. Series
2021-23A, 4.77%, 04/25/2034, 3 mo. USD
Term SOFR + 0.82%(1)(2)
|
449,306
|
|
|
|
CCG Receivables Trust
|
|
|
|
1,060,000
|
Series 2025-2, 4.14%, 08/15/2034(1)
|
1,059,568
|
|
|
330,316
|
Series 2025-1, 4.48%, 10/14/2032(1)
|
331,403
|
|
|
118,677
|
Series 2023-1, 5.82%, 09/16/2030(1)
|
118,959
|
|
|
|
CNH Equipment Trust
|
|
|
|
953,000
|
Series 2026-A, 3.82%, 06/15/2029
|
952,114
|
|
|
343,254
|
Series 2024-C, 4.30%, 02/18/2028
|
343,367
|
|
|
724,680
|
Series 2025-A, 4.30%, 08/15/2028
|
725,789
|
|
|
1,494,538
|
Series 2025-B, 4.37%, 11/15/2028
|
1,496,066
|
|
|
154,619
|
Dext ABS LLC Series 2023-2, 6.56%,
05/15/2034(1)
|
154,986
|
|
|
1,219,038
|
DLLAA LLC Series 2025-1A, 4.70%,
10/20/2027(1)
|
1,221,791
|
|
|
131,741
|
DLLAD LLC Series 2024-1A, 5.50%,
08/20/2027(1)
|
132,095
|
|
|
1,300,000
|
Elmwood CLO 15 Ltd. Series 2022-2A, 4.82%,
04/22/2035, 3 mo. USD Term SOFR +
2.00%(1)(2)
|
1,299,965
|
|
|
|
HPEFS Equipment Trust
|
|
|
|
1,135,000
|
Series 2025-2A, 4.07%, 11/22/2032(1)
|
1,135,038
|
|
|
142,199
|
Series 2024-1A, 5.18%, 05/20/2031(1)
|
142,260
|
|
|
|
John Deere Owner Trust
|
|
|
|
891,087
|
Series 2025-B, 4.28%, 07/17/2028
|
891,761
|
|
|
155,905
|
Series 2024-C, 4.36%, 08/16/2027
|
155,952
|
|
|
|
Kubota Credit Owner Trust
|
|
|
|
380,000
|
Series 2025-2A, 4.48%, 04/17/2028(1)
|
380,796
|
|
|
1,929,123
|
Series 2025-1A, 4.61%, 12/15/2027(1)
|
1,933,646
|
|
|
583,469
|
Series 2023-2A, 5.28%, 01/18/2028(1)
|
587,061
|
|
|
425,540
|
MMAF Equipment Finance LLC Series 2024-A,
5.20%, 09/13/2027(1)
|
426,250
|
|
|
778,264
|
NYCTL Trust Series 2025-A, 4.84%,
11/10/2038(1)
|
772,278
|
|
|
201,866
|
Octagon Investment Partners 36 Ltd. Series
2018-1A, 4.90%, 04/15/2031, 3 mo. USD
Term SOFR + 1.23%(1)(2)
|
201,836
|
|
|
2,700,000
|
Palmer Square Loan Funding Ltd. Series
2024-3A, 4.48%, 08/08/2032(1)(2)
|
2,700,359
|
|
|
1,100,000
|
PFS Financing Corp. Series 2025-B, 4.85%,
02/15/2030(1)
|
1,109,777
|
|
|
76,103
|
SCF Equipment Leasing LLC Series 2025-1A,
4.82%, 07/22/2030(1)
|
76,273
|
|
|
1,000,000
|
Verizon Master Trust Series 2025-9, 3.96%,
10/21/2030
|
996,604
|
|
|
|
Volvo Financial Equipment LLC
|
|
|
|
660,000
|
Series 2025-2A, 3.96%, 06/15/2028(1)
|
659,477
|
|
|
810,000
|
Series 2024-1A, 4.29%, 10/16/2028(1)
|
811,016
|
|
|
288,262
|
Series 2025-1A, 4.41%, 11/15/2027(1)
|
288,631
|
|
|
1,587,043
|
Voya CLO Ltd. Series 2019-2A, 4.87%,
07/20/2032, 3 mo. USD Term SOFR +
1.20%(1)(2)
|
1,587,103
|
|
|
|
|
|
30,269,829
|
|
|
Whole Loan Collateral CMO - 3.9%
|
||
|
399,354
|
Angel Oak Mortgage Trust Series 2020-2,
2.53%, 01/26/2065(1)(2)
|
380,438
|
|
|
|
50
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
ASSET-BACKED & COMMERCIAL MORTGAGE-BACKED SECURITIES - 39.7% -
(continued)
|
|||
|
|
Whole Loan Collateral CMO - 3.9% - (continued)
|
||
|
|
BRAVO Residential Funding Trust
|
|
|
|
$ 166,113
|
Series 2021-NQM1, 0.94%, 02/25/2049(1)(2)
|
$156,735
|
|
|
69,630
|
Series 2021-NQM2, 0.97%, 03/25/2060(1)(2)
|
68,512
|
|
|
629,721
|
Series 2021-NQM3, 1.70%, 04/25/2060(1)(2)
|
584,488
|
|
|
20,905
|
Bunker Hill Loan Depositary Trust Series
2019-3, 2.72%, 11/25/2059(1)(3)
|
20,819
|
|
|
|
COLT Mortgage Loan Trust
|
|
|
|
1,273,225
|
Series 2021-HX1, 1.11%, 10/25/2066(1)(2)
|
1,099,178
|
|
|
187,789
|
Series 2020-2R, 1.33%, 10/26/2065(1)(2)
|
178,344
|
|
|
1,493,317
|
Series 2021-4, 1.40%, 10/25/2066(1)(2)
|
1,280,987
|
|
|
701,064
|
Series 2021-5, 1.73%, 11/26/2066(1)(2)
|
646,500
|
|
|
702,350
|
CSMC Trust Series 2019-AFC1, 3.57%,
07/25/2049(1)(3)
|
676,924
|
|
|
|
Ellington Financial Mortgage Trust
|
|
|
|
328,188
|
Series 2021-2, 0.93%, 06/25/2066(1)(2)
|
279,486
|
|
|
21,750
|
Series 2019-2, 2.74%, 11/25/2059(1)(2)
|
21,176
|
|
|
2,252,339
|
Series 2026-INV2, 4.68%, 02/25/2071(1)(2)
|
2,222,871
|
|
|
|
GCAT Trust
|
|
|
|
2,130,142
|
Series 2021-NQM5, 1.26%, 07/25/2066(1)(2)
|
1,783,293
|
|
|
399,221
|
Series 2021-NQM7, 1.92%, 08/25/2066(1)(2)
|
371,181
|
|
|
1,689,055
|
JP Morgan Mortgage Trust Series 2026-VIS1,
4.68%, 06/25/2066(1)(3)
|
1,678,463
|
|
|
|
MFA Trust
|
|
|
|
121,021
|
Series 2020-NQM3, 1.01%, 01/26/2065(1)(2)
|
116,162
|
|
|
345,808
|
Series 2021-NQM2, 1.03%, 11/25/2064(1)(2)
|
306,277
|
|
|
|
New Residential Mortgage Loan Trust
|
|
|
|
936,037
|
Series 2021-NQM3, 1.16%, 11/27/2056(1)(2)
|
859,174
|
|
|
285,294
|
Series 2017-6A, 4.00%, 08/27/2057(1)(2)
|
276,895
|
|
|
|
OBX Trust
|
|
|
|
19,481
|
Series 2018-1, 4.44%, 06/25/2057, 1 mo.
USD Term SOFR + 1.55%(1)(2)
|
19,267
|
|
|
268,259
|
Series 2024-NQM13, 5.12%, 06/25/2064(1)
|
268,000
|
|
|
1,141,682
|
Series 2025-NQM10, 5.45%, 05/25/2065(1)(3)
|
1,144,695
|
|
|
1,833,620
|
Pretium Mortgage Credit Partners LLC Series
2026-RPL1, 4.15%, 01/25/2070(1)(3)
|
1,776,015
|
|
|
2,689
|
Residential Mortgage Loan Trust Series 2020-1,
2.38%, 01/26/2060(1)(2)
|
2,680
|
|
|
1,534,103
|
SG Residential Mortgage Trust Series 2021-1,
1.16%, 07/25/2061(1)(2)
|
1,260,363
|
|
|
|
Starwood Mortgage Residential Trust
|
|
|
|
101,329
|
Series 2021-2, 0.94%, 05/25/2065(1)(2)
|
97,563
|
|
|
23,831
|
Series 2020-1, 2.28%, 02/25/2050(1)(2)
|
22,943
|
|
|
|
Towd Point Mortgage Trust
|
|
|
|
179,885
|
Series 2017-4, 2.75%, 06/25/2057(1)(2)
|
176,975
|
|
|
102,766
|
Series 2018-6, 3.75%, 03/25/2058(1)(2)
|
102,325
|
|
|
|
Verus Securitization Trust
|
|
|
|
823,248
|
Series 2021-6, 1.63%, 10/25/2066(1)(2)
|
719,097
|
|
|
289,285
|
Series 2025-4, 5.45%, 05/25/2070(1)(3)
|
290,331
|
|
|
|
|
|
18,888,157
|
|
|
Total Asset-Backed & Commercial
Mortgage-Backed Securities
(cost $192,831,977)
|
$191,279,220
|
|
|
CORPORATE BONDS - 28.9%
|
|||
|
|
Aerospace & Defense - 0.5%
|
||
|
2,450,000
|
Howmet Aerospace, Inc. 3.75%, 03/03/2028
|
$2,421,781
|
|
|
|
Auto Manufacturers - 4.1%
|
||
|
1,125,000
|
American Honda Finance Corp. 4.55%,
07/09/2027
|
1,125,467
|
|
|
|
BMW U.S. Capital LLC
|
|
|
|
1,550,000
|
4.15%, 08/11/2027(1)
|
1,546,374
|
|
|
2,425,000
|
4.30%, 03/17/2028(1)
|
2,422,769
|
|
|
1,550,000
|
Daimler Truck Finance North America LLC
4.30%, 08/12/2027(1)
|
1,547,016
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 28.9% - (continued)
|
|||
|
|
Auto Manufacturers - 4.1% - (continued)
|
||
|
$ 1,650,000
|
Hyundai Capital America 5.45%, 06/24/2026(1)
|
$1,653,169
|
|
|
|
Mercedes-Benz Finance North America LLC
|
|
|
|
2,425,000
|
4.13%, 03/10/2028(1)
|
2,414,111
|
|
|
2,525,000
|
4.88%, 07/31/2026(1)
|
2,528,190
|
|
|
1,970,000
|
PACCAR Financial Corp. 3.90%, 02/05/2029
|
1,955,048
|
|
|
|
Toyota Motor Credit Corp.
|
|
|
|
2,475,000
|
3.75%, 01/12/2028
|
2,456,933
|
|
|
1,900,000
|
4.50%, 05/14/2027
|
1,907,483
|
|
|
|
|
|
19,556,560
|
|
|
Commercial Banks - 10.2%
|
||
|
1,600,000
|
ABN AMRO Bank NV 6.34%, 09/18/2027,
(6.34% fixed rate until 09/18/2026; 1 yr. USD
CMT + 1.65% thereafter)(1)(2)
|
1,613,605
|
|
|
|
Bank of America Corp.
|
|
|
|
1,285,000
|
4.62%, 05/09/2029, (4.62% fixed rate until
05/09/2028; 6 mo. USD SOFR + 1.11%
thereafter)(2)
|
1,290,587
|
|
|
1,475,000
|
5.93%, 09/15/2027, (5.93% fixed rate until
09/15/2026; 6 mo. USD SOFR + 1.34%
thereafter)(2)
|
1,485,240
|
|
|
875,000
|
Banque Federative du Credit Mutuel SA 5.90%,
07/13/2026(1)
|
879,006
|
|
|
2,500,000
|
Barclays PLC 2.28%, 11/24/2027, (2.28% fixed
rate until 11/24/2026; 1 yr. USD CMT + 1.05%
thereafter)(2)
|
2,462,235
|
|
|
1,125,000
|
BPCE SA 5.20%, 01/18/2027(1)
|
1,132,526
|
|
|
1,210,000
|
Canadian Imperial Bank of Commerce 5.24%,
06/28/2027
|
1,223,276
|
|
|
1,625,000
|
Citibank NA 4.93%, 08/06/2026
|
1,629,016
|
|
|
500,000
|
Citigroup, Inc. 1.46%, 06/09/2027, (1.46% fixed
rate until 06/09/2026; 6 mo. USD SOFR +
0.77% thereafter)(2)
|
497,118
|
|
|
2,450,000
|
Citizens Bank NA 4.19%, 01/29/2029 (4.19%
fixed rate until 01/29/2028; thereafter)(2)
|
2,434,622
|
|
|
2,575,000
|
Cooperatieve Rabobank UA 4.37%, 05/27/2027
|
2,581,827
|
|
|
2,190,000
|
Credit Agricole SA 5.59%, 07/05/2026(1)
|
2,197,822
|
|
|
2,400,000
|
Danske Bank AS 4.66%, 03/27/2029, (4.66%
fixed rate until 03/27/2028; 1 yr. USD CMT +
0.75% thereafter)(1)(2)
|
2,405,211
|
|
|
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)(2)
|
1,677,074
|
|
|
1,475,000
|
JP Morgan Chase & Co. 6.07%, 10/22/2027,
(6.07% fixed rate until 10/22/2026; 6 mo.
USD SOFR + 1.33% thereafter)(2)
|
1,489,062
|
|
|
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)(2)
|
785,754
|
|
|
2,450,000
|
Macquarie Bank Ltd. 3.92%, 02/03/2028(1)
|
2,435,145
|
|
|
1,500,000
|
Morgan Stanley Bank NA 4.45%, 10/15/2027,
(4.45% fixed rate until 10/15/2026; 6 mo.
USD SOFR + 0.68% thereafter)(2)
|
1,500,928
|
|
|
1,315,000
|
Morgan Stanley Private Bank NA 4.21%,
02/08/2030, (4.21% fixed rate until
02/08/2029; 6 mo. USD SOFR + 0.76%
thereafter)(2)
|
1,301,684
|
|
|
1,000,000
|
PNC Bank NA 4.54%, 05/13/2027, (4.54% fixed
rate until 05/13/2026; 6 mo. USD SOFR +
0.63% thereafter)(2)
|
1,000,040
|
|
|
2,450,000
|
PNC Financial Services Group, Inc. 4.08%,
01/26/2029 (4.08% fixed rate until
01/26/2028; thereafter)(2)
|
2,437,072
|
|
|
875,000
|
Royal Bank of Canada 5.20%, 07/20/2026(4)
|
877,731
|
|
|
1,950,000
|
Swedbank AB 6.14%, 09/12/2026(1)
|
1,965,403
|
|
|
2,475,000
|
Toronto-Dominion Bank 3.91%, 01/13/2028
|
2,457,285
|
|
|
|
51
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 28.9% - (continued)
|
|||
|
|
Commercial Banks - 10.2% - (continued)
|
||
|
|
Truist Bank
|
|
|
|
$ 2,450,000
|
4.14%, 01/27/2029 (4.14% fixed rate until
01/27/2028; thereafter)(2)
|
$2,436,857
|
|
|
2,575,000
|
4.67%, 05/20/2027, (4.67% fixed rate until
05/20/2026; 6 mo. USD SOFR + 0.59%
thereafter)(2)
|
2,575,035
|
|
|
|
UBS AG
|
|
|
|
2,725,000
|
1.25%, 06/01/2026
|
2,712,765
|
|
|
1,575,000
|
4.86%, 01/10/2028, (4.86% fixed rate until
01/10/2027; 6 mo. USD SOFR + 0.72%
thereafter)(2)
|
1,581,226
|
|
|
|
|
|
49,065,152
|
|
|
Diversified Financial Services - 1.1%
|
||
|
2,450,000
|
American Express Co. 4.01%, 02/09/2029
(4.01% fixed rate until 02/09/2028;
thereafter)(2)
|
2,434,352
|
|
|
2,400,000
|
Blackstone Holdings Finance Co. LLC 5.90%,
11/03/2027(1)
|
2,449,838
|
|
|
360,000
|
Equitable America Global Funding 3.95%,
09/15/2027(1)
|
357,035
|
|
|
|
|
|
5,241,225
|
|
|
Electric - 2.5%
|
||
|
1,310,000
|
Alliant Energy Finance LLC 5.40%,
06/06/2027(1)
|
1,320,984
|
|
|
275,400
|
Consumers Securitization Funding LLC 5.55%,
03/01/2028
|
277,560
|
|
|
815,000
|
DTE Electric Co. 4.25%, 05/14/2027
|
815,353
|
|
|
1,459,000
|
Emera U.S. Finance LP 3.55%, 06/15/2026
|
1,455,647
|
|
|
2,425,000
|
FirstEnergy Pennsylvania Electric Co. 4.15%,
03/15/2028(1)
|
2,415,717
|
|
|
2,625,000
|
Georgia Power Co. 3.93%, 09/15/2026, 3 mo.
USD SOFR + 0.28%(2)
|
2,620,758
|
|
|
1,767,327
|
NYSEG Storm Funding LLC 4.71%, 05/01/2029
|
1,778,853
|
|
|
1,435,000
|
WEC Energy Group, Inc. 4.75%, 01/15/2028
|
1,445,500
|
|
|
|
|
|
12,130,372
|
|
|
Food - 0.5%
|
||
|
2,565,000
|
Mars, Inc. 4.45%, 03/01/2027(1)
|
2,572,836
|
|
|
|
Gas - 0.1%
|
||
|
535,000
|
Southern Co. Gas Capital Corp. 4.05%,
09/15/2028
|
531,065
|
|
|
|
Healthcare - Products - 0.8%
|
||
|
2,425,000
|
Augusta SpinCo Corp. 4.32%, 09/23/2027
|
2,422,372
|
|
|
1,575,000
|
Stryker Corp. 4.55%, 02/10/2027
|
1,579,401
|
|
|
|
|
|
4,001,773
|
|
|
Healthcare - Services - 0.3%
|
||
|
1,300,000
|
UnitedHealth Group, Inc. 4.75%, 07/15/2026
|
1,302,535
|
|
|
|
Insurance - 3.1%
|
||
|
|
Athene Global Funding
|
|
|
|
2,375,000
|
4.60%, 04/19/2027(1)(2)
|
2,375,355
|
|
|
1,600,000
|
4.86%, 08/27/2026(1)
|
1,602,494
|
|
|
|
Corebridge Global Funding
|
|
|
|
2,400,000
|
4.90%, 01/07/2028(1)(4)
|
2,414,733
|
|
|
725,000
|
5.75%, 07/02/2026(1)
|
727,601
|
|
|
585,000
|
F&G Global Funding 4.65%, 09/08/2028(1)
|
577,649
|
|
|
775,000
|
Jackson National Life Global Funding 5.55%,
07/02/2027(1)
|
782,098
|
|
|
1,200,000
|
Lincoln Financial Global Funding 4.63%,
05/28/2028(1)
|
1,200,174
|
|
|
2,400,000
|
Metropolitan Life Global Funding I 5.05%,
01/06/2028(1)
|
2,425,975
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
CORPORATE BONDS - 28.9% - (continued)
|
|||
|
|
Insurance - 3.1% - (continued)
|
||
|
$ 1,250,000
|
Pacific Life Global Funding II 5.50%,
08/28/2026(1)
|
$1,256,940
|
|
|
1,500,000
|
Principal Life Global Funding II 3.00%,
04/18/2026(1)
|
1,498,953
|
|
|
|
|
|
14,861,972
|
|
|
Internet - 0.5%
|
||
|
2,425,000
|
Amazon.com, Inc. 3.85%, 03/13/2028
|
2,417,261
|
|
|
|
Lodging - 0.3%
|
||
|
1,525,000
|
Marriott International, Inc. 4.20%, 07/15/2027
|
1,522,654
|
|
|
|
Machinery - Construction & Mining - 0.3%
|
||
|
1,575,000
|
Caterpillar Financial Services Corp. 4.50%,
01/07/2027
|
1,579,859
|
|
|
|
Machinery-Diversified - 0.3%
|
||
|
1,575,000
|
John Deere Capital Corp. 4.50%, 01/08/2027
|
1,579,931
|
|
|
|
Mining - 0.5%
|
||
|
2,275,000
|
Rio Tinto Finance USA PLC 4.38%, 03/12/2027
|
2,278,839
|
|
|
|
Pharmaceuticals - 0.6%
|
||
|
460,000
|
Bayer U.S. Finance LLC 6.13%, 11/21/2026(1)
|
464,185
|
|
|
2,500,000
|
Pfizer, Inc. 3.88%, 11/15/2027
|
2,494,565
|
|
|
|
|
|
2,958,750
|
|
|
Pipelines - 1.0%
|
||
|
245,000
|
Columbia Pipelines Holding Co. LLC 6.06%,
08/15/2026(1)
|
246,112
|
|
|
2,050,000
|
ONEOK, Inc. 5.55%, 11/01/2026
|
2,061,881
|
|
|
2,500,000
|
Spectra Energy Partners LP 3.38%, 10/15/2026
|
2,487,472
|
|
|
|
|
|
4,795,465
|
|
|
REITS - 0.5%
|
||
|
2,525,000
|
Realty Income Corp. 4.45%, 09/15/2026
|
2,525,027
|
|
|
|
Retail - 0.2%
|
||
|
800,000
|
AutoZone, Inc. 5.05%, 07/15/2026
|
801,318
|
|
|
|
Software - 0.7%
|
||
|
940,000
|
Fidelity National Information Services, Inc.
4.45%, 03/10/2028
|
937,368
|
|
|
2,425,000
|
Oracle Corp. 2.65%, 07/15/2026
|
2,411,800
|
|
|
|
|
|
3,349,168
|
|
|
Telecommunications - 0.6%
|
||
|
2,575,000
|
NTT Finance Corp. 4.57%, 07/16/2027(1)
|
2,580,862
|
|
|
|
Trucking & Leasing - 0.2%
|
||
|
1,000,000
|
Penske Truck Leasing Co. LP/PTL Finance
Corp. 5.75%, 05/24/2026(1)
|
1,000,739
|
|
|
|
Total Corporate Bonds
(cost $139,147,486)
|
$139,075,144
|
|
|
MUNICIPAL BONDS - 0.9%
|
|||
|
|
General - 0.9%
|
||
|
2,130,000
|
New York City Transitional Finance Auth, Future
Tax Secured, NY, Rev 3.81%, 11/01/2027
|
$2,123,759
|
|
|
2,020,000
|
Philadelphia Auth for Industrial Dev, PA, Rev,
(AG) 6.35%, 04/15/2028
|
2,083,574
|
|
|
|
Total Municipal Bonds
(cost $4,220,153)
|
|
$4,207,333
|
|
U.S. GOVERNMENT AGENCIES - 9.1%
|
|||
|
|
Mortgage-Backed Agencies - 9.1%
|
||
|
|
Federal Home Loan Banks - 1.0%
|
||
|
5,000,000
|
4.00%, 03/25/2027
|
$4,999,541
|
|
|
|
52
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
U.S. GOVERNMENT AGENCIES - 9.1% - (continued)
|
|||
|
|
Mortgage-Backed Agencies - 9.1% - (continued)
|
||
|
|
Federal Home Loan Mortgage Corp. - 3.7%
|
||
|
$ 258,662
|
1.00%, 05/15/2041
|
$241,185
|
|
|
1,799,757
|
3.00%, 04/15/2035
|
1,784,302
|
|
|
960,207
|
3.00%, 10/15/2045
|
944,371
|
|
|
2,881
|
3.50%, 05/15/2026
|
2,875
|
|
|
9,800,000
|
4.00%, 04/25/2027
|
9,778,714
|
|
|
363,088
|
4.00%, 03/15/2037
|
362,453
|
|
|
2,097,079
|
4.75%, 09/25/2052
|
2,087,458
|
|
|
2,648,371
|
5.00%, 03/25/2043
|
2,637,976
|
|
|
|
|
|
17,839,334
|
|
|
Federal National Mortgage Association - 1.4%
|
||
|
1,702,045
|
1.50%, 06/25/2042
|
1,642,178
|
|
|
226,288
|
1.75%, 09/25/2041
|
218,365
|
|
|
3,987,168
|
2.50%, 06/01/2029
|
3,932,735
|
|
|
88,585
|
3.50%, 11/01/2034
|
88,195
|
|
|
491,593
|
4.00%, 07/25/2040
|
489,851
|
|
|
452,427
|
4.00%, 06/25/2041
|
451,179
|
|
|
|
|
|
6,822,503
|
|
|
Government National Mortgage Association - 3.0%
|
||
|
1,676,070
|
2.00%, 12/16/2040
|
1,578,678
|
|
|
1,045,860
|
2.00%, 06/16/2041
|
1,005,802
|
|
|
3,003,392
|
2.25%, 12/20/2039
|
2,923,095
|
|
|
2,043,465
|
2.25%, 02/20/2044
|
1,985,704
|
|
|
228,491
|
2.50%, 09/20/2046
|
220,808
|
|
|
308,309
|
3.50%, 01/20/2052
|
305,334
|
|
|
6,260,819
|
4.50%, 11/20/2043
|
6,256,559
|
|
|
|
|
|
14,275,980
|
|
|
Total U.S. Government Agencies
(cost $43,685,548)
|
|
$43,937,358
|
|
U.S. GOVERNMENT SECURITIES - 18.1%
|
|||
|
|
U.S. Treasury Securities - 18.1%
|
||
|
|
U.S. Treasury Notes - 18.1%
|
||
|
22,750,000
|
1.38%, 08/31/2026
|
$22,528,721
|
|
|
20,750,000
|
2.88%, 08/15/2028
|
20,312,305
|
|
|
4,925,000
|
3.38%, 12/31/2027
|
4,887,101
|
|
|
4,850,000
|
3.38%, 02/29/2028
|
4,811,730
|
|
|
34,850,000
|
3.63%, 08/31/2027
|
34,746,539
|
|
|
|
Total U.S. Government Securities
(cost $87,305,024)
|
|
$87,286,396
|
|
|
Total Long-Term Investments
(cost $467,190,188)
|
|
$465,785,451
|
|
SHORT-TERM INVESTMENTS - 3.9%
|
|||
|
|
Commercial Paper - 3.3%
|
||
|
3,650,000
|
Bank of America NA 3.83%, 09/04/2026, 1 mo.
USD Term SOFR + 0.20%(2)
|
$3,650,000
|
|
|
2,475,000
|
Deaconess Hospital Obligated Group 3.30%,
04/07/2026(5)
|
2,473,432
|
|
|
3,650,000
|
National Australia Bank Ltd. 3.88%, 12/04/2026,
1 mo. USD Term SOFR + 0.25%(1)(2)
|
3,650,000
|
|
|
2,425,000
|
Svenska Handelsbanken AB 3.95%, 12/18/2026,
1 mo. USD Term SOFR + 0.32%(1)(2)
|
2,425,000
|
|
|
2,500,000
|
Swedbank AB 3.87%, 09/18/2026(1)(5)
|
2,453,759
|
|
|
1,250,000
|
Toyota Motor Credit Corp. 3.78%, 07/13/2026(5)
|
1,236,097
|
|
|
|
|
|
15,888,288
|
|
|
Repurchase Agreements - 0.1%
|
||
|
596,252
|
Fixed Income Clearing Corp. Repurchase
Agreement dated 03/31/2026 at 3.66%,
due on 04/01/2026 with a maturity value of
$596,313; collateralized by U.S. Treasury
Note at 3.88%, maturing 11/30/2027, with
a market value of $608,278
|
596,252
|
|
|
Shares or Principal Amount
|
|
Market Value†
|
|
|
SHORT-TERM INVESTMENTS - 3.9% - (continued)
|
|||
|
|
Securities Lending Collateral - 0.5%
|
||
|
2,573,625
|
State Street Navigator Securities Lending
Government Money Market Portfolio,
3.63%(6)
|
$2,573,625
|
|
|
|
Total Short-Term Investments
(cost $19,059,529)
|
$19,058,165
|
|
|
|
Total Investments
(cost $486,249,717)
|
100.6
%
|
$484,843,616
|
|
|
Other Assets and Liabilities
|
(0.6
)%
|
(3,109,409
)
|
|
|
Net Assets
|
100.0
%
|
$481,734,207
|
|
(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, 2026, the aggregate value of these securities was
$178,480,636, representing 37.0% of net assets.
|
|
(2)
|
Variable or floating rate securities. Interest rate resets periodically. The rate
shown
is the effective interest rate as of period end. Security description also includes
the
reference rate and spread if published and available. Variable rate securities with
a
floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain
variable rate securities are not based on a published reference rate and spread but
are determined by the issuer or agent and are based on current market conditions;
these securities do not indicate a reference rate and spread in the description. For
fixed to variable securities, the rate remains fixed until designated date stated
in
security description.
|
|
(3)
|
Security is a “step-up” bond where coupon increases or steps up at a
predetermined date. Rate shown is current coupon rate.
|
|
(4)
|
Represents entire or partial securities on loan.
|
|
(5)
|
The rate shown represents current yield to maturity.
|
|
(6)
|
Current yield as of period end.
|
|
†
|
For information regarding the Fund’s significant accounting policies, please refer to
the Fund’s most recent Financial Statements and Other Information.
|
|
|
53
|
|
|
Description
|
Total
|
Level 1
|
Level 2
|
Level 3(1)
|
|
Assets
|
|
|
|
|
|
Asset-Backed & Commercial Mortgage-Backed Securities
|
$191,279,220
|
$—
|
$191,279,220
|
$—
|
|
Corporate Bonds
|
139,075,144
|
—
|
139,075,144
|
—
|
|
Municipal Bonds
|
4,207,333
|
—
|
4,207,333
|
—
|
|
U.S. Government Agencies
|
43,937,358
|
—
|
43,937,358
|
—
|
|
U.S. Government Securities
|
87,286,396
|
—
|
87,286,396
|
—
|
|
Short-Term Investments
|
19,058,165
|
2,573,625
|
16,484,540
|
—
|
|
Total
|
$484,843,616
|
$2,573,625
|
$482,269,991
|
$—
|
|
(1)
|
For the period ended March 31, 2026, there were no transfers in and out of Level 3.
|
|
|
54
|
|
|
Counterparty Abbreviations:
|
|
|
DEUT
|
Deutsche Bank Securities, Inc.
|
|
GSC
|
Goldman Sachs & Co.
|
|
JPM
|
JP Morgan Chase & Co.
|
|
RBC
|
RBC Dominion Securities, Inc.
|
|
SSG
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State Street Global Markets LLC
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UBS
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UBS AG
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WEST
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Westpac International
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Currency Abbreviations:
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EUR
|
Euro Member Countries
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GBP
|
British Pound
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USD
|
United States Dollar
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Index Abbreviations:
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CDX.NA.HY
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Credit Derivatives North American High Yield
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CDX.NA.IG
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Credit Derivatives North American Investment Grade
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CMT
|
Constant Maturity Treasury Index
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ICE
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Intercontinental Exchange, Inc.
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ITRAXX
|
Markit iTraxx
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S&P
|
Standard & Poor's
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Municipal Abbreviations:
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Auth
|
Authority
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Dev
|
Development
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FA
|
Finance Authority
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GO
|
General Obligation
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Rev
|
Revenue
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Other Abbreviations:
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ADR
|
American Depositary Receipt
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AG
|
Assured Guaranty Inc.
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ASA
|
Allmennaksjeselskap
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BAM
|
Build America Mutual Assurance Co.
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CLO
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Collateralized Loan Obligation
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CMO
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Collateralized Mortgage Obligation
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CVR
|
Contingent Value Rights
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ETF
|
Exchange-Traded Fund
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EURIBOR
|
Euro Interbank Offered Rate
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NPFG
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National Public Finance Guarantee Corp.
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REIT
|
Real Estate Investment Trust
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SOFR
|
Secured Overnight Financing Rate
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ST APPROP
|
State Appropriation
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TBA
|
To Be Announced
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55
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