Shares | Market Value ($000) | |||||
Common Stocks (65.4%) | ||||||
Communication Services (6.1%) | ||||||
* | Alphabet Inc. Class A | 28,273,982 | 3,914,816 | |||
Meta Platforms Inc. Class A | 5,577,533 | 2,733,716 | ||||
6,648,532 | ||||||
Consumer Discretionary (8.1%) | ||||||
* | Amazon.com Inc. | 22,576,562 | 3,990,633 | |||
Home Depot Inc. | 3,179,089 | 1,209,993 | ||||
TJX Cos. Inc. | 10,125,595 | 1,003,851 | ||||
McDonald's Corp. | 2,900,166 | 847,661 | ||||
Lennar Corp. Class A | 3,216,631 | 509,868 | ||||
Tractor Supply Co. | 1,993,406 | 506,963 | ||||
DR Horton Inc. | 2,992,313 | 447,171 | ||||
* | Airbnb Inc. Class A | 2,234,296 | 351,835 | |||
8,867,975 | ||||||
Consumer Staples (3.3%) | ||||||
Procter & Gamble Co. | 9,647,733 | 1,533,411 | ||||
Pernod Ricard SA | 4,449,210 | 743,613 | ||||
Sysco Corp. | 8,748,207 | 708,342 | ||||
Unilever plc | 13,306,043 | 649,791 | ||||
3,635,157 | ||||||
Energy (3.2%) | ||||||
Shell plc | 27,317,315 | 858,289 | ||||
ConocoPhillips | 7,359,634 | 828,253 | ||||
Diamondback Energy Inc. | 2,705,793 | 493,861 | ||||
EQT Corp. | 11,054,914 | 410,690 | ||||
Cenovus Energy Inc. | 22,657,743 | 394,925 | ||||
EOG Resources Inc. | 2,969,296 | 339,866 | ||||
Chesapeake Energy Corp. | 1,923,616 | 159,237 | ||||
3,485,121 | ||||||
Financials (9.3%) | ||||||
Progressive Corp. | 9,481,559 | 1,797,324 | ||||
JPMorgan Chase & Co. | 8,551,950 | 1,591,176 | ||||
S&P Global Inc. | 2,444,966 | 1,047,374 | ||||
Morgan Stanley | 11,193,175 | 963,061 | ||||
Wells Fargo & Co. | 16,543,788 | 919,669 | ||||
Intercontinental Exchange Inc. | 5,510,501 | 762,763 | ||||
American Express Co. | 2,952,505 | 647,839 | ||||
BlackRock Inc. | 547,124 | 443,904 | ||||
Everest Group Ltd. | 1,064,064 | 392,512 | ||||
Mastercard Inc. Class A | 812,993 | 385,977 | ||||
Visa Inc. Class A | 1,351,720 | 382,050 |
Shares | Market Value ($000) | |||||
KKR & Co. Inc. | 3,816,716 | 375,030 | ||||
Global Payments Inc. | 2,106,867 | 273,261 | ||||
Goldman Sachs Group Inc. | 673,376 | 261,977 | ||||
10,243,917 | ||||||
Health Care (8.5%) | ||||||
UnitedHealth Group Inc. | 3,176,724 | 1,568,031 | ||||
Merck & Co. Inc. | 11,477,328 | 1,459,342 | ||||
HCA Healthcare Inc. | 4,581,098 | 1,427,928 | ||||
AstraZeneca plc ADR | 16,820,390 | 1,079,196 | ||||
Danaher Corp. | 4,204,838 | 1,064,413 | ||||
Novartis AG (Registered) | 9,400,394 | 948,477 | ||||
Humana Inc. | 1,427,310 | 500,015 | ||||
Becton Dickinson & Co. | 1,994,623 | 469,834 | ||||
Daiichi Sankyo Co. Ltd. | 13,331,785 | 439,068 | ||||
Pfizer Inc. | 15,646,715 | 415,577 | ||||
9,371,881 | ||||||
Industrials (5.5%) | ||||||
Honeywell International Inc. | 5,079,719 | 1,009,493 | ||||
* | Uber Technologies Inc. | 10,221,676 | 812,623 | |||
* | Boeing Co. | 3,947,945 | 804,275 | |||
Fortive Corp. | 8,652,447 | 736,583 | ||||
Parker-Hannifin Corp. | 1,145,101 | 613,144 | ||||
Johnson Controls International plc | 9,123,140 | 540,728 | ||||
Illinois Tool Works Inc. | 1,507,513 | 395,195 | ||||
Northrop Grumman Corp. | 833,254 | 384,147 | ||||
RTX Corp. | 3,945,585 | 353,801 | ||||
Deere & Co. | 955,442 | 348,784 | ||||
5,998,773 | ||||||
Information Technology (17.4%) | ||||||
Microsoft Corp. | 14,797,591 | 6,120,876 | ||||
Apple Inc. | 17,979,166 | 3,249,734 | ||||
NVIDIA Corp. | 1,848,708 | 1,462,550 | ||||
Intel Corp. | 27,516,505 | 1,184,585 | ||||
* | Advanced Micro Devices Inc. | 5,761,207 | 1,109,205 | |||
* | Salesforce Inc. | 3,229,613 | 997,369 | |||
KLA Corp. | 1,437,674 | 980,925 | ||||
Broadcom Inc. | 749,520 | 974,743 | ||||
Texas Instruments Inc. | 5,808,156 | 971,879 | ||||
Accenture plc Class A | 1,931,925 | 724,047 | ||||
Intuit Inc. | 1,027,263 | 680,962 | ||||
NXP Semiconductors NV | 1,486,241 | 371,159 | ||||
CDW Corp. | 780,540 | 192,177 | ||||
19,020,211 | ||||||
Materials (1.2%) | ||||||
Glencore plc | 165,712,973 | 787,821 | ||||
Anglo American plc | 16,242,342 | 349,973 | ||||
Barrick Gold Corp. | 15,479,024 | 226,923 | ||||
1,364,717 | ||||||
Real Estate (0.8%) | ||||||
Welltower Inc. | 5,730,915 | 528,161 | ||||
VICI Properties Inc. Class A | 10,490,749 | 313,988 | ||||
842,149 | ||||||
Utilities (2.0%) | ||||||
Duke Energy Corp. | 10,710,937 | 983,585 | ||||
Exelon Corp. | 24,834,902 | 890,083 |
Shares | Market Value ($000) | |||||
American Electric Power Co. Inc. | 3,914,516 | 333,478 | ||||
2,207,146 | ||||||
Total Common Stocks (Cost $42,610,594) | 71,685,579 | |||||
Coupon | Maturity Date | Face Amount ($000) | ||||
U.S. Government and Agency Obligations (8.1%) | ||||||
U.S. Government Securities (7.6%) | ||||||
1 | United States Treasury Note/Bond | 0.250% | 5/31/25 | 296,720 | 280,030 | |
United States Treasury Note/Bond | 4.250% | 5/31/25 | 95,000 | 94,213 | ||
United States Treasury Note/Bond | 4.625% | 6/30/25 | 165,000 | 164,459 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 145,975 | 136,874 | ||
United States Treasury Note/Bond | 4.750% | 7/31/25 | 140,000 | 139,825 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 61,860 | 59,415 | ||
United States Treasury Note/Bond | 3.125% | 8/15/25 | 221,950 | 216,679 | ||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 125,010 | 116,826 | ||
2 | United States Treasury Note/Bond | 5.000% | 8/31/25 | 155,000 | 155,412 | |
United States Treasury Note/Bond | 3.500% | 9/15/25 | 5,480 | 5,375 | ||
2 | United States Treasury Note/Bond | 5.000% | 9/30/25 | 315,334 | 316,319 | |
United States Treasury Note/Bond | 0.375% | 11/30/25 | 78,000 | 72,357 | ||
United States Treasury Note/Bond | 4.000% | 12/15/25 | 65,000 | 64,208 | ||
United States Treasury Note/Bond | 4.250% | 12/31/25 | 39,156 | 38,850 | ||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 626,325 | 577,491 | ||
United States Treasury Note/Bond | 4.250% | 1/31/26 | 115,000 | 114,155 | ||
United States Treasury Note/Bond | 4.000% | 2/15/26 | 120,000 | 118,556 | ||
United States Treasury Note/Bond | 4.625% | 2/28/26 | 46,000 | 46,000 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 31,710 | 29,763 | ||
United States Treasury Note/Bond | 4.500% | 7/15/26 | 2,120 | 2,118 | ||
United States Treasury Note/Bond | 4.375% | 8/15/26 | 218,280 | 217,564 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 120,380 | 109,790 | ||
United States Treasury Note/Bond | 4.625% | 10/15/26 | 105,000 | 105,345 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 17,430 | 16,341 | ||
United States Treasury Note/Bond | 4.625% | 11/15/26 | 190,000 | 190,713 | ||
United States Treasury Note/Bond | 4.000% | 1/15/27 | 48,611 | 48,041 | ||
United States Treasury Note/Bond | 4.125% | 2/15/27 | 377,851 | 374,781 | ||
United States Treasury Note/Bond | 2.500% | 3/31/27 | 231,318 | 218,740 | ||
United States Treasury Note/Bond | 2.750% | 4/30/27 | 136,291 | 129,689 | ||
United States Treasury Note/Bond | 2.750% | 7/31/27 | 147,626 | 140,037 | ||
United States Treasury Note/Bond | 3.125% | 8/31/27 | 50,631 | 48,590 | ||
United States Treasury Note/Bond | 4.125% | 9/30/27 | 35,000 | 34,716 | ||
United States Treasury Note/Bond | 4.125% | 10/31/27 | 177,330 | 175,889 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 24,532 | 22,776 | ||
United States Treasury Note/Bond | 3.875% | 11/30/27 | 67,100 | 65,989 | ||
United States Treasury Note/Bond | 3.875% | 12/31/27 | 40,552 | 39,874 | ||
United States Treasury Note/Bond | 4.000% | 2/29/28 | 55,525 | 54,848 | ||
United States Treasury Note/Bond | 3.625% | 3/31/28 | 19,195 | 18,691 | ||
United States Treasury Note/Bond | 3.625% | 5/31/28 | 12,367 | 12,039 | ||
United States Treasury Note/Bond | 4.125% | 7/31/28 | 162,089 | 160,949 | ||
United States Treasury Note/Bond | 4.375% | 8/31/28 | 166,259 | 166,779 | ||
United States Treasury Note/Bond | 4.625% | 9/30/28 | 186,993 | 189,535 | ||
United States Treasury Note/Bond | 4.375% | 11/30/28 | 101,214 | 101,641 | ||
United States Treasury Note/Bond | 3.750% | 12/31/28 | 165,804 | 162,021 | ||
United States Treasury Note/Bond | 4.000% | 1/31/29 | 780,306 | 771,284 | ||
United States Treasury Note/Bond | 4.250% | 2/28/29 | 270,053 | 270,095 | ||
United States Treasury Note/Bond | 3.875% | 9/30/29 | 4,297 | 4,211 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
United States Treasury Note/Bond | 4.000% | 10/31/29 | 15,799 | 15,574 | ||
United States Treasury Note/Bond | 3.500% | 4/30/30 | 8,526 | 8,169 | ||
United States Treasury Note/Bond | 3.750% | 5/31/30 | 11,316 | 10,987 | ||
United States Treasury Note/Bond | 4.000% | 7/31/30 | 20,804 | 20,482 | ||
United States Treasury Note/Bond | 4.875% | 10/31/30 | 4,088 | 4,227 | ||
United States Treasury Note/Bond | 4.375% | 11/30/30 | 16,550 | 16,641 | ||
United States Treasury Note/Bond | 3.750% | 12/31/30 | 57,152 | 55,393 | ||
United States Treasury Note/Bond | 4.500% | 11/15/33 | 69,517 | 70,842 | ||
United States Treasury Note/Bond | 4.000% | 2/15/34 | 204,445 | 200,420 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 12,610 | 8,396 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 250,701 | 173,493 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 8,898 | 6,540 | ||
United States Treasury Note/Bond | 3.250% | 5/15/42 | 20,950 | 17,618 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 198,343 | 169,584 | ||
United States Treasury Note/Bond | 4.000% | 11/15/42 | 110,357 | 103,029 | ||
United States Treasury Note/Bond | 3.875% | 2/15/43 | 165,104 | 151,225 | ||
United States Treasury Note/Bond | 3.875% | 5/15/43 | 178,026 | 162,782 | ||
United States Treasury Note/Bond | 4.375% | 8/15/43 | 149,291 | 146,212 | ||
United States Treasury Note/Bond | 4.750% | 11/15/43 | 43,742 | 45,020 | ||
United States Treasury Note/Bond | 4.500% | 2/15/44 | 69,325 | 69,325 | ||
United States Treasury Note/Bond | 3.000% | 8/15/52 | 109 | 84 | ||
United States Treasury Note/Bond | 4.000% | 11/15/52 | 437 | 409 | ||
United States Treasury Note/Bond | 3.625% | 2/15/53 | 32,421 | 28,353 | ||
United States Treasury Note/Bond | 3.625% | 5/15/53 | 27,325 | 23,918 | ||
United States Treasury Note/Bond | 4.125% | 8/15/53 | 13,415 | 12,851 | ||
United States Treasury Note/Bond | 4.250% | 2/15/54 | 193,561 | 189,992 | ||
8,311,459 | ||||||
Conventional Mortgage-Backed Securities (0.4%) | ||||||
3,4 | Fannie Mae Pool | 1.770% | 1/1/36 | 19,582 | 15,025 | |
3 | Ginnie Mae I Pool | 7.000% | 11/15/31–11/15/33 | 669 | 684 | |
3,4 | UMBS Pool | 2.500% | 9/1/27–4/1/38 | 22,785 | 20,407 | |
3,4 | UMBS Pool | 3.000% | 3/1/33–11/1/46 | 24,516 | 23,362 | |
3,4 | UMBS Pool | 3.500% | 11/1/45–6/1/46 | 48 | 44 | |
3,4,5 | UMBS Pool | 5.000% | 8/1/43–3/25/54 | 198,898 | 194,752 | |
3,4 | UMBS Pool | 5.500% | 3/1/53–9/1/53 | 87,014 | 86,369 | |
3,4,5 | UMBS Pool | 6.000% | 8/1/53–3/25/54 | 75,000 | 75,384 | |
416,027 | ||||||
Nonconventional Mortgage-Backed Securities (0.1%) | ||||||
3,4 | Fannie Mae REMICS | 1.500% | 8/25/41–11/25/42 | 3,047 | 2,785 | |
3,4 | Fannie Mae REMICS | 1.700% | 6/25/43 | 801 | 774 | |
3,4 | Fannie Mae REMICS | 2.000% | 6/25/44 | 118 | 116 | |
3,4 | Fannie Mae REMICS | 2.500% | 8/25/46 | 11,128 | 8,839 | |
3,4 | Fannie Mae REMICS | 3.000% | 12/25/39–9/25/57 | 39,013 | 34,703 | |
3,4 | Fannie Mae REMICS | 3.500% | 4/25/31–11/25/57 | 54,522 | 51,467 | |
3,4 | Fannie Mae REMICS | 4.000% | 7/25/53 | 1,882 | 1,835 | |
3,4 | Freddie Mac REMICS | 1.500% | 10/15/42 | 4,791 | 4,176 | |
3,4 | Freddie Mac REMICS | 3.000% | 6/15/44–7/15/45 | 8,831 | 7,616 | |
3,4 | Freddie Mac REMICS | 3.500% | 3/15/31–12/15/46 | 12,719 | 11,410 | |
3,4 | Freddie Mac REMICS | 4.000% | 12/15/30–2/15/31 | 3,658 | 3,573 | |
3 | Ginnie Mae REMICS | 2.500% | 10/20/49 | 69,458 | 60,052 | |
187,346 | ||||||
Total U.S. Government and Agency Obligations (Cost $9,180,863) | 8,914,832 | |||||
Asset-Backed/Commercial Mortgage-Backed Securities (1.0%) | ||||||
3,6 | Aaset Trust Series 2019-1 | 3.844% | 5/15/39 | 2,362 | 1,913 | |
3,6 | Affirm Asset Securitization Trust Series 2021-Z1 | 1.070% | 8/15/25 | 840 | 834 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3,6 | Affirm Asset Securitization Trust Series 2021-Z2 | 1.170% | 11/16/26 | 2,538 | 2,476 | |
3,6 | Aligned Data Centers Issuer LLC Series 2021-1A | 1.937% | 8/15/46 | 60,180 | 54,571 | |
3 | American Express Credit Account Master Trust Series 2023-4 | 5.150% | 9/15/30 | 43,970 | 44,662 | |
3,6 | American Tower Trust #1 | 5.490% | 3/15/28 | 66,310 | 66,883 | |
3,6 | Angel Oak Mortgage Trust Series 2019-5 | 2.593% | 10/25/49 | 1,256 | 1,209 | |
3,6 | Angel Oak Mortgage Trust Series 2019-6 | 2.620% | 11/25/59 | 3,036 | 2,933 | |
3,6 | Angel Oak Mortgage Trust Series 2021-6 | 1.458% | 9/25/66 | 21,399 | 17,410 | |
3,6,7 | BX Commercial Mortgage Trust Series 2021-VOLT, TSFR1M + 0.814% | 6.132% | 9/15/36 | 25,090 | 24,806 | |
3,6,7 | BX Trust Series 2021-ARIA, TSFR1M + 1.014% | 6.332% | 10/15/36 | 14,785 | 14,591 | |
3,6 | Castlelake Aircraft Structured Trust Series 2019-1A | 3.967% | 4/15/39 | 17,877 | 16,073 | |
3,6 | CF Hippolyta Issuer LLC Series 2020-1 | 1.690% | 7/15/60 | 5,132 | 4,775 | |
3,6 | CF Hippolyta Issuer LLC Series 2021-1A | 1.530% | 3/15/61 | 36,873 | 33,102 | |
3,6 | CF Hippolyta Issuer LLC Series 2022-1A | 5.970% | 8/15/62 | 3,603 | 3,497 | |
3,6 | DB Master Finance LLC Series 2019-1A | 4.021% | 5/20/49 | 13,604 | 13,191 | |
3,6 | Domino's Pizza Master Issuer LLC Series 2021-1A | 2.662% | 4/25/51 | 13,377 | 11,949 | |
3,6 | Domino's Pizza Master Issuer LLC Series 2021-1A | 3.151% | 4/25/51 | 23,496 | 20,251 | |
3,6 | Enterprise Fleet Financing LLC Series 2023-3 | 6.400% | 3/20/30 | 47,500 | 48,213 | |
3,6 | Enterprise Fleet Financing LLC Series 2024-1 | 5.230% | 3/20/30 | 21,565 | 21,520 | |
3,4,7 | Fannie Mae Connecticut Avenue Securities Series 2016-C03, SOFR30A + 6.014% | 11.336% | 10/25/28 | 1,731 | 1,834 | |
3,6 | FirstKey Homes Trust Series 2021-SFR1 | 1.538% | 8/17/38 | 63,302 | 57,669 | |
3,4 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K156 | 4.430% | 2/25/33 | 28,605 | 27,851 | |
3,4 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K511 | 4.860% | 10/25/28 | 40,745 | 40,852 | |
3,4,5 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K516 | 5.477% | 1/25/29 | 47,853 | 49,288 | |
3,4 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K-1512 | 3.059% | 4/25/34 | 6,000 | 5,046 | |
3,4 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K-1513 | 2.797% | 8/25/34 | 7,500 | 6,131 | |
3,4 | Freddie Mac Multifamily Structured Pass-Through Certificates Series K-1521 | 2.184% | 8/25/36 | 17,705 | 13,137 | |
3 | GM Financial Consumer Automobile Receivables Trust Series 2023-2 | 4.470% | 2/16/28 | 9,420 | 9,308 | |
3,6 | GM Financial Revolving Receivables Trust Series 2023-2 | 5.770% | 8/11/36 | 21,405 | 22,107 | |
3,6 | Home Partners of America Trust Series 2021-2 | 1.901% | 12/17/26 | 32,038 | 28,911 | |
3,6 | Horizon Aircraft Finance II Ltd. Series 2019-1 | 3.721% | 7/15/39 | 7,942 | 7,004 | |
3,6 | Horizon Aircraft Finance III Ltd. Series 2019-2 | 3.425% | 11/15/39 | 9,411 | 7,488 | |
3,6 | MACH 1 Cayman Ltd. Series 2019-1 | 3.474% | 10/15/39 | 7,407 | 6,447 | |
3,6 | MAPS Ltd. Series 2019-1A | 4.458% | 3/15/44 | 1,943 | 1,725 | |
3,6 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 1.910% | 10/20/61 | 125,560 | 109,583 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3,6 | New Economy Assets Phase 1 Sponsor LLC Series 2021-1 | 2.410% | 10/20/61 | 10,325 | 8,578 | |
3,6 | OneMain Direct Auto Receivables Trust Series 2021-1A | 0.870% | 7/14/28 | 23,092 | 22,257 | |
3,6 | Retained Vantage Data Centers Issuer LLC Series 2023-1A | 5.000% | 9/15/48 | 44,711 | 42,013 | |
3 | Seasoned Credit Risk Transfer Trust Series 2019-3 | 3.500% | 10/25/58 | 21,473 | 20,108 | |
3,6 | SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE | 4.144% | 1/5/43 | 27,300 | 20,202 | |
3,6 | SoFi Professional Loan Program Trust Series 2021-B | 1.140% | 2/15/47 | 13,069 | 11,112 | |
3,6 | Start II Ltd. Series 2019-1 | 4.089% | 3/15/44 | 8,829 | 8,112 | |
3,6 | Taco Bell Funding LLC Series 2021-1A | 1.946% | 8/25/51 | 19,129 | 17,334 | |
3,6 | Taco Bell Funding LLC Series 2021-1A | 2.294% | 8/25/51 | 35,385 | 30,522 | |
3,6 | Vantage Data Centers Issuer LLC Series 2019-1A | 3.188% | 7/15/44 | 10,433 | 10,302 | |
3,6 | Vantage Data Centers Issuer LLC Series 2020-1A | 1.645% | 9/15/45 | 24,304 | 22,700 | |
3,6 | Vantage Data Centers Issuer LLC Series 2021-1A | 2.165% | 10/15/46 | 38,038 | 34,415 | |
3,6 | Wheels Fleet Lease Funding LLC Series 2023-1A | 5.800% | 4/18/38 | 34,995 | 35,020 | |
3,6 | Wheels Fleet Lease Funding LLC Series 2023-2A | 6.460% | 8/18/38 | 25,780 | 25,873 | |
Total Asset-Backed/Commercial Mortgage-Backed Securities (Cost $1,182,095) | 1,107,788 | |||||
Corporate Bonds (22.1%) | ||||||
Communications (1.2%) | ||||||
America Movil SAB de CV | 3.625% | 4/22/29 | 26,990 | 25,071 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 7,380 | 7,723 | ||
AT&T Inc. | 3.500% | 6/1/41 | 30,000 | 23,028 | ||
AT&T Inc. | 4.300% | 12/15/42 | 35,590 | 30,049 | ||
AT&T Inc. | 3.650% | 6/1/51 | 8,341 | 5,965 | ||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 29,050 | 18,971 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 33,777 | 30,848 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 8,253 | 6,494 | ||
Comcast Corp. | 3.400% | 4/1/30 | 4,940 | 4,521 | ||
Comcast Corp. | 4.250% | 1/15/33 | 42,890 | 40,174 | ||
Comcast Corp. | 4.200% | 8/15/34 | 30,890 | 28,378 | ||
Comcast Corp. | 5.650% | 6/15/35 | 4,725 | 4,854 | ||
Comcast Corp. | 4.400% | 8/15/35 | 32,325 | 29,947 | ||
Comcast Corp. | 6.500% | 11/15/35 | 945 | 1,031 | ||
Comcast Corp. | 3.250% | 11/1/39 | 24,000 | 18,431 | ||
Comcast Corp. | 3.969% | 11/1/47 | 15,577 | 12,355 | ||
Comcast Corp. | 4.000% | 3/1/48 | 12,180 | 9,657 | ||
Comcast Corp. | 3.999% | 11/1/49 | 23,162 | 18,318 | ||
Comcast Corp. | 2.887% | 11/1/51 | 56,240 | 35,627 | ||
Comcast Corp. | 2.450% | 8/15/52 | 13,355 | 7,663 | ||
Comcast Corp. | 4.049% | 11/1/52 | 10,339 | 8,155 | ||
Comcast Corp. | 5.350% | 5/15/53 | 48,000 | 46,814 | ||
Comcast Corp. | 2.937% | 11/1/56 | 210,578 | 129,661 | ||
Comcast Corp. | 2.987% | 11/1/63 | 91,251 | 54,603 | ||
6 | Cox Communications Inc. | 3.150% | 8/15/24 | 2,503 | 2,468 | |
6 | Cox Communications Inc. | 4.800% | 2/1/35 | 30,000 | 27,565 | |
Discovery Communications LLC | 4.125% | 5/15/29 | 14,172 | 13,096 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 20,000 | 17,576 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 5,000 | 4,078 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 47,815 | 31,651 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Meta Platforms Inc. | 4.950% | 5/15/33 | 49,450 | 49,485 | ||
Meta Platforms Inc. | 5.600% | 5/15/53 | 30,075 | 31,151 | ||
Meta Platforms Inc. | 5.750% | 5/15/63 | 15,440 | 16,165 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 6,331 | 5,533 | ||
6 | NTT Finance Corp. | 1.162% | 4/3/26 | 44,235 | 40,759 | |
6 | NTT Finance Corp. | 2.065% | 4/3/31 | 10,370 | 8,533 | |
6 | Ooredoo International Finance Ltd. | 2.625% | 4/8/31 | 23,430 | 20,096 | |
Orange SA | 9.000% | 3/1/31 | 20,280 | 24,507 | ||
6 | Sprint Spectrum Co. LLC | 4.738% | 3/20/25 | 13,520 | 13,414 | |
Telefonica Emisiones SA | 5.213% | 3/8/47 | 19,100 | 17,163 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 19,772 | 18,445 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 37,110 | 33,058 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 70,676 | 65,626 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 15,735 | 13,793 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 4,885 | 3,525 | ||
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 26,724 | 23,620 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 14,919 | 14,483 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 64,265 | 52,051 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 24,854 | 23,180 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 4,445 | 2,832 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 6,745 | 4,193 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 4,599 | 2,792 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 7,914 | 6,875 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 52,923 | 42,485 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,358 | 2,167 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 14,000 | 12,692 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 12,373 | 7,981 | ||
Warnermedia Holdings Inc. | 3.755% | 3/15/27 | 9,767 | 9,244 | ||
Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 4,854 | 4,486 | ||
Warnermedia Holdings Inc. | 5.141% | 3/15/52 | 9,709 | 7,884 | ||
1,272,990 | ||||||
Consumer Discretionary (0.6%) | ||||||
Amazon.com Inc. | 3.600% | 4/13/32 | 84,875 | 78,241 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 22,605 | 22,301 | ||
Amazon.com Inc. | 3.950% | 4/13/52 | 17,395 | 14,375 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 37,717 | 32,359 | ||
3 | American Honda Finance Corp. | 2.000% | 3/24/28 | 19,250 | 17,242 | |
6 | BMW US Capital LLC | 1.250% | 8/12/26 | 28,900 | 26,408 | |
3 | Brown University | 2.924% | 9/1/50 | 5,205 | 3,657 | |
3 | Duke University | 2.832% | 10/1/55 | 25,700 | 17,453 | |
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 57,810 | 57,652 | ||
3 | Georgetown University | 4.315% | 4/1/49 | 5,405 | 4,759 | |
3 | Georgetown University | 2.943% | 4/1/50 | 9,430 | 6,419 | |
Georgetown University | 5.115% | 4/1/53 | 12,435 | 12,456 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 10,250 | 9,919 | ||
Home Depot Inc. | 3.250% | 4/15/32 | 44,440 | 39,414 | ||
Home Depot Inc. | 4.500% | 9/15/32 | 13,633 | 13,324 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 18,410 | 14,428 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 28,655 | 25,148 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 25,000 | 21,341 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 12,215 | 10,778 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 2,490 | 1,733 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 2,495 | 1,466 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 19,955 | 12,708 | ||
Home Depot Inc. | 3.625% | 4/15/52 | 25,570 | 19,328 | ||
Home Depot Inc. | 4.950% | 9/15/52 | 3,567 | 3,375 | ||
6 | Hyundai Capital America | 0.875% | 6/14/24 | 49,225 | 48,518 | |
6 | Hyundai Capital America | 1.650% | 9/17/26 | 36,480 | 33,233 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Johns Hopkins University | 4.083% | 7/1/53 | 7,805 | 6,848 | |
3 | Johns Hopkins University | 2.813% | 1/1/60 | 6,420 | 4,142 | |
3 | Leland Stanford Junior University | 7.650% | 6/15/26 | 29,000 | 30,385 | |
Leland Stanford Junior University | 2.413% | 6/1/50 | 2,441 | 1,569 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 8,700 | 8,222 | ||
Lowe's Cos. Inc. | 6.500% | 3/15/29 | 13,301 | 14,227 | ||
Lowe's Cos. Inc. | 3.750% | 4/1/32 | 7,464 | 6,774 | ||
Lowe's Cos. Inc. | 5.800% | 9/15/62 | 16,328 | 16,300 | ||
3 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 852 | 616 | |
3 | Massachusetts Institute of Technology | 2.294% | 7/1/51 | 2,100 | 1,298 | |
Massachusetts Institute of Technology | 3.067% | 4/1/52 | 405 | 295 | ||
3 | McDonald's Corp. | 4.875% | 7/15/40 | 10,000 | 9,537 | |
3 | Northeastern University | 2.894% | 10/1/50 | 6,995 | 4,834 | |
3 | Northwestern University | 2.640% | 12/1/50 | 805 | 532 | |
President & Fellows of Harvard College | 2.517% | 10/15/50 | 5,101 | 3,337 | ||
President & Fellows of Harvard College | 3.745% | 11/15/52 | 450 | 374 | ||
Thomas Jefferson University | 3.847% | 11/1/57 | 17,450 | 12,923 | ||
3 | Trustees of Princeton University | 2.516% | 7/1/50 | 1,997 | 1,329 | |
Trustees of Princeton University | 4.201% | 3/1/52 | 2,157 | 1,954 | ||
3 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 6,430 | 4,004 | |
3 | University of Chicago | 2.761% | 4/1/45 | 5,825 | 4,484 | |
University of Southern California | 4.976% | 10/1/53 | 22,830 | 22,918 | ||
3 | Yale University | 2.402% | 4/15/50 | 1,366 | 876 | |
705,813 | ||||||
Consumer Staples (0.9%) | ||||||
Anheuser-Busch Cos. LLC | 6.500% | 1/1/28 | 19,550 | 20,561 | ||
3 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 35,700 | 34,166 | |
3 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 42,046 | 39,247 | |
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 17,598 | 16,096 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 41,163 | 39,262 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 30,567 | 31,304 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 30,829 | 27,735 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 10,479 | 11,067 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 6/1/60 | 12,237 | 10,840 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 35,045 | 30,592 | ||
BAT Capital Corp. | 6.343% | 8/2/30 | 10,115 | 10,439 | ||
BAT Capital Corp. | 7.079% | 8/2/43 | 11,335 | 11,801 | ||
6 | Cargill Inc. | 6.875% | 5/1/28 | 19,355 | 20,602 | |
6 | Cargill Inc. | 4.760% | 11/23/45 | 28,190 | 25,783 | |
6 | CK Hutchison International 20 Ltd. | 3.375% | 5/8/50 | 22,015 | 16,247 | |
6 | Coca-Cola Europacific Partners plc | 0.800% | 5/3/24 | 32,165 | 31,899 | |
3 | Colgate-Palmolive Co. | 7.600% | 5/19/25 | 13,920 | 14,317 | |
Conagra Brands Inc. | 4.600% | 11/1/25 | 7,855 | 7,739 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 4,341 | 3,772 | ||
6 | Danone SA | 2.947% | 11/2/26 | 30,550 | 28,943 | |
Diageo Capital plc | 2.375% | 10/24/29 | 20,000 | 17,559 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 5,830 | 4,913 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 1,845 | 1,491 | ||
Diageo Capital plc | 5.625% | 10/5/33 | 20,397 | 21,174 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 4,185 | 3,694 | ||
Kenvue Inc. | 5.000% | 3/22/30 | 33,325 | 33,393 | ||
Kenvue Inc. | 5.100% | 3/22/43 | 15,025 | 14,638 | ||
Kenvue Inc. | 5.050% | 3/22/53 | 16,335 | 15,721 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 54,900 | 52,288 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 14,440 | 14,081 | ||
Philip Morris International Inc. | 5.125% | 11/17/27 | 39,385 | 39,444 | ||
Philip Morris International Inc. | 5.625% | 11/17/29 | 39,305 | 40,248 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Philip Morris International Inc. | 5.125% | 2/15/30 | 107,792 | 107,268 | ||
Philip Morris International Inc. | 5.125% | 2/13/31 | 28,130 | 27,679 | ||
Philip Morris International Inc. | 5.750% | 11/17/32 | 50,815 | 51,793 | ||
Philip Morris International Inc. | 5.375% | 2/15/33 | 83,714 | 83,378 | ||
Philip Morris International Inc. | 5.250% | 2/13/34 | 62,785 | 61,343 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 6,185 | 5,558 | ||
6 | Sigma Alimentos SA de CV | 4.125% | 5/2/26 | 14,750 | 14,265 | |
1,042,340 | ||||||
Energy (1.0%) | ||||||
6 | Aker BP ASA | 3.750% | 1/15/30 | 20,000 | 18,122 | |
6 | Aker BP ASA | 6.000% | 6/13/33 | 17,570 | 17,860 | |
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 12,780 | 10,538 | ||
BP Capital Markets America Inc. | 2.721% | 1/12/32 | 42,755 | 36,266 | ||
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 38,275 | 37,344 | ||
BP Capital Markets America Inc. | 4.893% | 9/11/33 | 39,975 | 39,211 | ||
BP Capital Markets America Inc. | 3.060% | 6/17/41 | 20,000 | 14,850 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 11,870 | 7,539 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 30,385 | 19,971 | ||
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 61,366 | 40,725 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 12,750 | 8,581 | ||
6 | Cheniere Energy Partners LP | 5.950% | 6/30/33 | 23,000 | 23,092 | |
6 | Columbia Pipelines Holding Co. LLC | 5.681% | 1/15/34 | 4,550 | 4,462 | |
6 | Columbia Pipelines Operating Co. LLC | 5.927% | 8/15/30 | 11,830 | 12,049 | |
6 | Columbia Pipelines Operating Co. LLC | 6.497% | 8/15/43 | 39,861 | 42,296 | |
6 | Columbia Pipelines Operating Co. LLC | 6.544% | 11/15/53 | 8,253 | 8,777 | |
6 | Columbia Pipelines Operating Co. LLC | 6.714% | 8/15/63 | 8,253 | 8,908 | |
Eastern Gas Transmission & Storage Inc. | 3.000% | 11/15/29 | 19,580 | 17,414 | ||
3 | Eastern Gas Transmission & Storage Inc. | 4.800% | 11/1/43 | 4,185 | 3,687 | |
3 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 24,863 | 21,110 | |
6 | EIG Pearl Holdings Sarl | 3.545% | 8/31/36 | 21,220 | 18,025 | |
6 | EIG Pearl Holdings Sarl | 4.387% | 11/30/46 | 16,115 | 12,417 | |
Enbridge Inc. | 6.700% | 11/15/53 | 12,000 | 13,385 | ||
Energy Transfer LP | 5.250% | 4/15/29 | 40,000 | 39,844 | ||
Energy Transfer LP | 6.550% | 12/1/33 | 15,150 | 16,060 | ||
Energy Transfer LP | 5.350% | 5/15/45 | 3,500 | 3,166 | ||
Energy Transfer LP | 5.300% | 4/15/47 | 5,745 | 5,132 | ||
Energy Transfer LP | 5.400% | 10/1/47 | 8,253 | 7,464 | ||
Energy Transfer LP | 5.000% | 5/15/50 | 5,110 | 4,406 | ||
Energy Transfer LP | 5.950% | 5/15/54 | 24,860 | 24,311 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 9,720 | 9,100 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 3,310 | 2,497 | ||
Enterprise Products Operating LLC | 3.300% | 2/15/53 | 15,000 | 10,465 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 8,115 | 7,837 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 36,735 | 34,696 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 35,925 | 31,507 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 12,060 | 10,222 | ||
6 | Galaxy Pipeline Assets Bidco Ltd. | 2.160% | 3/31/34 | 43,699 | 37,483 | |
6 | Galaxy Pipeline Assets Bidco Ltd. | 2.940% | 9/30/40 | 41,504 | 33,125 | |
6 | Greensaif Pipelines Bidco Sarl | 6.129% | 2/23/38 | 8,839 | 8,956 | |
6 | Greensaif Pipelines Bidco Sarl | 6.510% | 2/23/42 | 26,755 | 27,357 | |
ONEOK Inc. | 5.650% | 11/1/28 | 10,995 | 11,190 | ||
6 | Schlumberger Holdings Corp. | 3.900% | 5/17/28 | 31,025 | 29,724 | |
Shell International Finance BV | 3.250% | 5/11/25 | 11,051 | 10,808 | ||
Shell International Finance BV | 4.125% | 5/11/35 | 43,465 | 40,173 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 12,990 | 13,365 | ||
Shell International Finance BV | 2.875% | 11/26/41 | 15,000 | 10,949 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 96,700 | 84,480 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 10,000 | 8,210 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Shell International Finance BV | 3.000% | 11/26/51 | 52,435 | 35,142 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 20,700 | 21,499 | ||
Targa Resources Corp. | 6.150% | 3/1/29 | 29,070 | 29,971 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 47,256 | 46,844 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 7,125 | 6,674 | ||
1,099,286 | ||||||
Financials (9.9%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 20,000 | 23,493 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 15,230 | 13,684 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 3,550 | 3,004 | ||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 9,080 | 7,553 | ||
Allstate Corp. | 5.250% | 3/30/33 | 17,545 | 17,476 | ||
Allstate Corp. | 5.550% | 5/9/35 | 6,611 | 6,697 | ||
Allstate Corp. | 3.850% | 8/10/49 | 4,741 | 3,681 | ||
American Express Co. | 6.489% | 10/30/31 | 10,570 | 11,257 | ||
American Express Co. | 5.043% | 5/1/34 | 66,555 | 65,278 | ||
American International Group Inc. | 6.250% | 5/1/36 | 7,775 | 8,067 | ||
American International Group Inc. | 4.800% | 7/10/45 | 10,680 | 9,781 | ||
American International Group Inc. | 4.750% | 4/1/48 | 21,995 | 20,090 | ||
American International Group Inc. | 4.375% | 6/30/50 | 12,500 | 10,724 | ||
Ameriprise Financial Inc. | 5.700% | 12/15/28 | 16,748 | 17,222 | ||
Ameriprise Financial Inc. | 4.500% | 5/13/32 | 11,845 | 11,364 | ||
Ameriprise Financial Inc. | 5.150% | 5/15/33 | 23,715 | 23,746 | ||
Aon Corp. | 2.850% | 5/28/27 | 18,870 | 17,589 | ||
6 | Athene Global Funding | 1.000% | 4/16/24 | 22,095 | 21,956 | |
6 | Athene Global Funding | 1.985% | 8/19/28 | 290 | 248 | |
6 | Athene Global Funding | 2.717% | 1/7/29 | 33,350 | 29,034 | |
6 | Athene Global Funding | 5.583% | 1/9/29 | 28,585 | 28,472 | |
6 | Australia & New Zealand Banking Group Ltd. | 2.570% | 11/25/35 | 22,135 | 17,903 | |
6 | Aviation Capital Group LLC | 1.950% | 9/20/26 | 14,298 | 13,010 | |
Banco Santander SA | 1.849% | 3/25/26 | 14,000 | 12,992 | ||
Banco Santander SA | 2.749% | 12/3/30 | 11,800 | 9,610 | ||
Banco Santander SA | 2.958% | 3/25/31 | 10,000 | 8,517 | ||
3 | Bank of America Corp. | 3.500% | 4/19/26 | 10,000 | 9,689 | |
3 | Bank of America Corp. | 3.559% | 4/23/27 | 86,705 | 83,388 | |
3 | Bank of America Corp. | 3.593% | 7/21/28 | 47,950 | 45,405 | |
3 | Bank of America Corp. | 3.419% | 12/20/28 | 8,681 | 8,112 | |
3 | Bank of America Corp. | 4.271% | 7/23/29 | 74,365 | 71,446 | |
3 | Bank of America Corp. | 3.974% | 2/7/30 | 120,185 | 112,953 | |
3 | Bank of America Corp. | 3.194% | 7/23/30 | 35,285 | 31,747 | |
3 | Bank of America Corp. | 2.496% | 2/13/31 | 50,870 | 43,368 | |
Bank of America Corp. | 2.572% | 10/20/32 | 17,275 | 14,175 | ||
3 | Bank of America Corp. | 5.015% | 7/22/33 | 10,085 | 9,825 | |
Bank of America Corp. | 5.872% | 9/15/34 | 55,905 | 57,330 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 40,872 | 35,683 | ||
3 | Bank of America Corp. | 5.875% | 2/7/42 | 9,965 | 10,599 | |
Bank of America Corp. | 3.311% | 4/22/42 | 55,635 | 42,168 | ||
3 | Bank of America Corp. | 5.000% | 1/21/44 | 39,433 | 37,713 | |
3 | Bank of America Corp. | 3.946% | 1/23/49 | 5,380 | 4,321 | |
3 | Bank of America Corp. | 4.330% | 3/15/50 | 66,970 | 56,401 | |
Bank of America Corp. | 2.972% | 7/21/52 | 65,950 | 43,830 | ||
Bank of America NA | 5.526% | 8/18/26 | 72,681 | 73,383 | ||
3 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 27,990 | 27,377 | |
3 | Bank of New York Mellon Corp. | 5.148% | 5/22/26 | 17,665 | 17,622 | |
3 | Bank of New York Mellon Corp. | 5.834% | 10/25/33 | 18,540 | 19,226 | |
Bank of New York Mellon Corp. | 4.706% | 2/1/34 | 14,535 | 13,904 | ||
3 | Bank of New York Mellon Corp. | 4.967% | 4/26/34 | 32,362 | 31,534 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Bank of Nova Scotia | 2.700% | 8/3/26 | 63,160 | 59,642 | ||
Bank of Nova Scotia | 5.350% | 12/7/26 | 58,000 | 58,229 | ||
Bank of Nova Scotia | 1.950% | 2/2/27 | 12,470 | 11,445 | ||
6 | Banque Federative du Credit Mutuel SA | 1.604% | 10/4/26 | 34,305 | 31,294 | |
3 | Barclays plc | 3.932% | 5/7/25 | 55,605 | 55,381 | |
3 | Barclays plc | 2.852% | 5/7/26 | 9,975 | 9,643 | |
Barclays plc | 2.279% | 11/24/27 | 14,930 | 13,645 | ||
Barclays plc | 2.667% | 3/10/32 | 40,502 | 33,068 | ||
Barclays plc | 3.330% | 11/24/42 | 37,170 | 26,843 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 24,849 | 20,230 | ||
BlackRock Inc. | 4.750% | 5/25/33 | 68,215 | 66,904 | ||
6 | Blackstone Holdings Finance Co. LLC | 2.550% | 3/30/32 | 22,680 | 18,457 | |
6 | BNP Paribas SA | 2.819% | 11/19/25 | 45,685 | 44,710 | |
6 | BNP Paribas SA | 1.323% | 1/13/27 | 18,995 | 17,569 | |
6 | BNP Paribas SA | 3.500% | 11/16/27 | 69,325 | 65,253 | |
6 | BNP Paribas SA | 2.591% | 1/20/28 | 25,560 | 23,569 | |
6 | BNP Paribas SA | 5.335% | 6/12/29 | 36,955 | 36,912 | |
6 | BNP Paribas SA | 2.159% | 9/15/29 | 27,497 | 23,786 | |
6 | BNP Paribas SA | 2.871% | 4/19/32 | 26,985 | 22,572 | |
6 | BNP Paribas SA | 3.132% | 1/20/33 | 1,580 | 1,326 | |
6 | BNP Paribas SA | 5.894% | 12/5/34 | 65,455 | 67,044 | |
BPCE SA | 4.000% | 4/15/24 | 30,615 | 30,547 | ||
6 | BPCE SA | 5.150% | 7/21/24 | 43,790 | 43,580 | |
6 | BPCE SA | 5.029% | 1/15/25 | 71,930 | 71,391 | |
6 | BPCE SA | 2.045% | 10/19/27 | 25,245 | 22,902 | |
6 | BPCE SA | 3.500% | 10/23/27 | 64,230 | 59,878 | |
6 | BPCE SA | 2.700% | 10/1/29 | 50,000 | 43,751 | |
6 | BPCE SA | 6.714% | 10/19/29 | 33,690 | 34,973 | |
6 | Brighthouse Financial Global Funding | 1.000% | 4/12/24 | 2,425 | 2,412 | |
6 | Brighthouse Financial Global Funding | 1.750% | 1/13/25 | 16,910 | 16,303 | |
6 | Brighthouse Financial Global Funding | 1.550% | 5/24/26 | 20,210 | 18,440 | |
6 | Brighthouse Financial Global Funding | 2.000% | 6/28/28 | 16,275 | 13,968 | |
6 | Canadian Imperial Bank of Commerce | 1.150% | 7/8/26 | 33,885 | 31,031 | |
Capital One Financial Corp. | 3.750% | 4/24/24 | 55,460 | 55,284 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 24,185 | 23,652 | ||
Capital One Financial Corp. | 7.149% | 10/29/27 | 15,235 | 15,795 | ||
Capital One Financial Corp. | 6.312% | 6/8/29 | 12,425 | 12,725 | ||
Capital One Financial Corp. | 5.700% | 2/1/30 | 8,190 | 8,205 | ||
3 | Capital One Financial Corp. | 7.624% | 10/30/31 | 17,784 | 19,463 | |
Capital One Financial Corp. | 6.377% | 6/8/34 | 42,523 | 43,801 | ||
Charles Schwab Corp. | 0.750% | 3/18/24 | 30,130 | 30,054 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 19,665 | 18,662 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 27,375 | 24,269 | ||
Charles Schwab Corp. | 2.900% | 3/3/32 | 50,765 | 42,969 | ||
Charles Schwab Corp. | 5.853% | 5/19/34 | 13,908 | 14,116 | ||
Charles Schwab Corp. | 6.136% | 8/24/34 | 21,620 | 22,425 | ||
Chubb Corp. | 6.000% | 5/11/37 | 50,000 | 53,661 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 22,345 | 22,233 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 29,835 | 26,341 | ||
Citigroup Inc. | 0.981% | 5/1/25 | 32,820 | 32,533 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 62,962 | 57,698 | ||
3 | Citigroup Inc. | 3.070% | 2/24/28 | 65,000 | 60,893 | |
Citigroup Inc. | 4.125% | 7/25/28 | 14,550 | 13,809 | ||
3 | Citigroup Inc. | 3.520% | 10/27/28 | 33,088 | 31,080 | |
3 | Citigroup Inc. | 3.878% | 1/24/39 | 37,030 | 31,154 | |
Citigroup Inc. | 2.904% | 11/3/42 | 19,370 | 13,709 | ||
Citizens Financial Group Inc. | 5.841% | 1/23/30 | 5,795 | 5,725 | ||
6 | CNO Global Funding | 1.650% | 1/6/25 | 8,725 | 8,391 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
6 | CNO Global Funding | 2.650% | 1/6/29 | 12,585 | 10,896 | |
6 | Commonwealth Bank of Australia | 5.071% | 9/14/28 | 36,585 | 36,836 | |
6 | Commonwealth Bank of Australia | 2.688% | 3/11/31 | 74,015 | 60,826 | |
6 | Commonwealth Bank of Australia | 3.784% | 3/14/32 | 9,885 | 8,620 | |
6 | Cooperatieve Rabobank UA | 1.106% | 2/24/27 | 46,710 | 42,806 | |
6 | Cooperatieve Rabobank UA | 4.655% | 8/22/28 | 26,667 | 25,961 | |
Corebridge Financial Inc. | 3.900% | 4/5/32 | 25,012 | 21,989 | ||
6 | Corebridge Financial Inc. | 6.050% | 9/15/33 | 5,070 | 5,180 | |
Corebridge Financial Inc. | 5.750% | 1/15/34 | 38,315 | 38,233 | ||
Corebridge Financial Inc. | 4.350% | 4/5/42 | 2,760 | 2,283 | ||
Corebridge Financial Inc. | 4.400% | 4/5/52 | 27,235 | 21,892 | ||
6 | Corebridge Global Funding | 5.750% | 7/2/26 | 17,660 | 17,690 | |
6 | Corebridge Global Funding | 5.900% | 9/19/28 | 8,525 | 8,689 | |
6 | Corebridge Global Funding | 5.200% | 1/12/29 | 21,335 | 21,100 | |
6 | Credit Agricole SA | 3.250% | 10/4/24 | 71,600 | 70,568 | |
6 | Credit Agricole SA | 5.589% | 7/5/26 | 40,520 | 40,851 | |
6 | Credit Agricole SA | 6.316% | 10/3/29 | 16,442 | 16,964 | |
Credit Suisse AG | 7.500% | 2/15/28 | 38,712 | 41,697 | ||
6 | Danske Bank A/S | 1.621% | 9/11/26 | 28,990 | 27,175 | |
6 | Danske Bank A/S | 6.259% | 9/22/26 | 35,035 | 35,407 | |
6 | Danske Bank A/S | 1.549% | 9/10/27 | 55,460 | 50,402 | |
5,6 | Danske Bank A/S | 5.705% | 3/1/30 | 15,805 | 15,825 | |
Deutsche Bank AG | 6.720% | 1/18/29 | 9,910 | 10,179 | ||
Deutsche Bank AG | 6.819% | 11/20/29 | 32,875 | 33,990 | ||
6 | DNB Bank ASA | 1.535% | 5/25/27 | 44,030 | 40,344 | |
6 | DNB Bank ASA | 1.605% | 3/30/28 | 45,870 | 40,837 | |
6 | Equitable Financial Life Global Funding | 1.400% | 7/7/25 | 10,395 | 9,822 | |
6 | Equitable Financial Life Global Funding | 1.300% | 7/12/26 | 26,755 | 24,224 | |
6 | Equitable Financial Life Global Funding | 1.700% | 11/12/26 | 12,440 | 11,256 | |
6 | Equitable Financial Life Global Funding | 1.400% | 8/27/27 | 18,220 | 15,787 | |
6 | Equitable Financial Life Global Funding | 1.800% | 3/8/28 | 28,220 | 24,725 | |
6 | Farmers Exchange Capital | 7.050% | 7/15/28 | 25,000 | 25,183 | |
6 | Federation des Caisses Desjardins du Quebec | 5.147% | 11/27/28 | 35,825 | 36,186 | |
6 | Federation des Caisses Desjardins du Quebec | 5.250% | 4/26/29 | 62,400 | 61,838 | |
Fifth Third Bancorp | 4.055% | 4/25/28 | 15,040 | 14,225 | ||
Fifth Third Bancorp | 4.337% | 4/25/33 | 37,730 | 34,172 | ||
6 | Five Corners Funding Trust II | 2.850% | 5/15/30 | 34,750 | 30,138 | |
6 | Five Corners Funding Trust III | 5.791% | 2/15/33 | 26,260 | 26,962 | |
6 | Five Corners Funding Trust IV | 5.997% | 2/15/53 | 47,972 | 50,323 | |
6 | GA Global Funding Trust | 1.000% | 4/8/24 | 21,750 | 21,636 | |
6 | GA Global Funding Trust | 5.500% | 1/8/29 | 10,575 | 10,443 | |
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 17,545 | 17,241 | ||
3 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 46,260 | 45,619 | |
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 17,980 | 17,373 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 60,000 | 55,461 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 97,685 | 88,792 | ||
3 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 20,055 | 19,130 | |
3 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 23,795 | 22,478 | |
3 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 67,740 | 64,953 | |
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 23,040 | 21,422 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 30,600 | 24,533 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 88,125 | 73,245 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 94,160 | 76,621 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 14,050 | 11,587 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 26,995 | 22,877 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 43,995 | 47,845 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 20,135 | 21,732 | ||
3 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 25,675 | 23,382 | |
6 | Guardian Life Global Funding | 1.250% | 5/13/26 | 6,735 | 6,170 | |
HSBC Holdings plc | 0.976% | 5/24/25 | 10,150 | 10,033 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 25,850 | 23,663 | ||
HSBC Holdings plc | 5.887% | 8/14/27 | 45,153 | 45,431 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 74,610 | 68,294 | ||
3 | HSBC Holdings plc | 4.041% | 3/13/28 | 21,805 | 20,893 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 36,196 | 38,320 | ||
3 | HSBC Holdings plc | 4.583% | 6/19/29 | 40,480 | 38,941 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 53,960 | 46,847 | ||
3 | HSBC Holdings plc | 2.357% | 8/18/31 | 54,320 | 44,579 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 50,910 | 42,068 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 52,995 | 43,612 | ||
HSBC Holdings plc | 6.500% | 5/2/36 | 22,500 | 23,645 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 38,220 | 41,763 | ||
Huntington National Bank | 4.552% | 5/17/28 | 11,240 | 10,835 | ||
ING Groep NV | 3.950% | 3/29/27 | 41,940 | 40,380 | ||
ING Groep NV | 1.726% | 4/1/27 | 16,075 | 14,877 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 8,575 | 8,323 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 26,030 | 20,089 | ||
Intercontinental Exchange Inc. | 4.600% | 3/15/33 | 38,595 | 36,893 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 5,860 | 4,151 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 55,205 | 37,024 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 82,275 | 76,792 | ||
6 | JAB Holdings BV | 2.200% | 11/23/30 | 3,137 | 2,483 | |
6 | JAB Holdings BV | 3.750% | 5/28/51 | 19,275 | 12,526 | |
6 | JAB Holdings BV | 4.500% | 4/8/52 | 31,940 | 23,585 | |
6 | Jackson National Life Global Funding | 1.750% | 1/12/25 | 18,915 | 18,268 | |
6 | Jackson National Life Insurance Co. | 8.150% | 3/15/27 | 18,890 | 19,751 | |
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 13,870 | 13,634 | ||
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 42,085 | 37,056 | ||
3 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 64,735 | 62,606 | |
3 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 16,000 | 14,893 | |
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 58,675 | 49,057 | ||
JPMorgan Chase & Co. | 4.586% | 4/26/33 | 30,000 | 28,486 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 37,288 | 36,176 | ||
JPMorgan Chase & Co. | 5.350% | 6/1/34 | 94,750 | 94,258 | ||
3 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 19,440 | 14,619 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 96,000 | 98,962 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 18,035 | 18,253 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 50,000 | 37,441 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 16,100 | 16,513 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 15,000 | 13,990 | ||
3 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 170,535 | 136,980 | |
3 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 19,885 | 13,635 | |
6 | KBC Group NV | 5.796% | 1/19/29 | 3,602 | 3,621 | |
6 | KBC Group NV | 6.324% | 9/21/34 | 28,255 | 29,269 | |
6 | Liberty Mutual Group Inc. | 4.569% | 2/1/29 | 14,170 | 13,663 | |
6 | Liberty Mutual Group Inc. | 5.500% | 6/15/52 | 26,870 | 25,705 | |
6 | Liberty Mutual Insurance Co. | 7.875% | 10/15/26 | 31,210 | 32,509 | |
6 | LSEGA Financing plc | 1.375% | 4/6/26 | 56,790 | 52,397 | |
6 | LSEGA Financing plc | 2.000% | 4/6/28 | 24,615 | 21,856 | |
6 | LSEGA Financing plc | 2.500% | 4/6/31 | 50,408 | 42,342 | |
M&T Bank Corp. | 7.413% | 10/30/29 | 34,685 | 36,384 | ||
6 | Macquarie Group Ltd. | 1.935% | 4/14/28 | 42,835 | 38,254 | |
6 | Macquarie Group Ltd. | 2.871% | 1/14/33 | 56,227 | 46,167 | |
3 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 24,685 | 23,988 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 78,846 | 75,841 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 23,405 | 22,889 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 10,915 | 10,093 | ||
Marsh & McLennan Cos. Inc. | 2.900% | 12/15/51 | 20,255 | 12,981 | ||
Marsh & McLennan Cos. Inc. | 5.450% | 3/15/53 | 7,835 | 7,810 | ||
6 | Massachusetts Mutual Life Insurance Co. | 3.200% | 12/1/61 | 30,000 | 18,764 | |
MetLife Inc. | 4.125% | 8/13/42 | 15,565 | 13,162 | ||
MetLife Inc. | 4.875% | 11/13/43 | 17,000 | 15,620 | ||
MetLife Inc. | 5.000% | 7/15/52 | 15,634 | 14,586 | ||
6 | Metropolitan Life Global Funding I | 3.450% | 12/18/26 | 23,660 | 22,666 | |
6 | Metropolitan Life Global Funding I | 4.400% | 6/30/27 | 9,910 | 9,651 | |
6 | Metropolitan Life Global Funding I | 3.000% | 9/19/27 | 21,455 | 19,921 | |
6 | Metropolitan Life Global Funding I | 4.300% | 8/25/29 | 15,345 | 14,670 | |
6 | Metropolitan Life Global Funding I | 2.400% | 1/11/32 | 53,825 | 43,804 | |
6 | Metropolitan Life Global Funding I | 5.150% | 3/28/33 | 16,475 | 16,306 | |
Mitsubishi UFJ Financial Group Inc. | 5.017% | 7/20/28 | 31,915 | 31,687 | ||
3 | Morgan Stanley | 3.875% | 4/29/24 | 97,010 | 96,699 | |
3 | Morgan Stanley | 3.700% | 10/23/24 | 29,050 | 28,693 | |
Morgan Stanley | 0.790% | 5/30/25 | 42,545 | 41,931 | ||
3 | Morgan Stanley | 2.720% | 7/22/25 | 53,860 | 53,209 | |
3 | Morgan Stanley | 4.000% | 7/23/25 | 29,455 | 28,952 | |
3 | Morgan Stanley | 2.630% | 2/18/26 | 61,765 | 59,968 | |
3 | Morgan Stanley | 3.125% | 7/27/26 | 11,435 | 10,903 | |
3 | Morgan Stanley | 6.250% | 8/9/26 | 20,000 | 20,469 | |
Morgan Stanley | 3.625% | 1/20/27 | 60,000 | 57,848 | ||
3 | Morgan Stanley | 3.772% | 1/24/29 | 56,905 | 53,782 | |
3 | Morgan Stanley | 2.699% | 1/22/31 | 74,290 | 64,310 | |
3 | Morgan Stanley | 1.928% | 4/28/32 | 50,000 | 39,690 | |
3 | Morgan Stanley | 2.239% | 7/21/32 | 81,175 | 65,445 | |
3 | Morgan Stanley | 2.511% | 10/20/32 | 36,580 | 29,960 | |
Morgan Stanley | 2.943% | 1/21/33 | 31,555 | 26,471 | ||
Morgan Stanley | 6.627% | 11/1/34 | 21,815 | 23,673 | ||
Morgan Stanley | 5.466% | 1/18/35 | 19,775 | 19,755 | ||
Morgan Stanley | 2.484% | 9/16/36 | 43,080 | 33,854 | ||
Morgan Stanley | 5.948% | 1/19/38 | 25,160 | 25,085 | ||
Morgan Stanley | 4.300% | 1/27/45 | 18,360 | 15,913 | ||
Nasdaq Inc. | 5.550% | 2/15/34 | 17,880 | 17,997 | ||
Nasdaq Inc. | 3.950% | 3/7/52 | 18,120 | 13,766 | ||
Nasdaq Inc. | 5.950% | 8/15/53 | 6,285 | 6,463 | ||
Nasdaq Inc. | 6.100% | 6/28/63 | 4,555 | 4,727 | ||
National Australia Bank Ltd. | 3.905% | 6/9/27 | 33,500 | 32,477 | ||
6 | National Australia Bank Ltd. | 5.134% | 11/28/28 | 51,330 | 51,851 | |
6 | National Australia Bank Ltd. | 2.332% | 8/21/30 | 75,550 | 61,753 | |
6 | National Australia Bank Ltd. | 2.990% | 5/21/31 | 62,492 | 52,116 | |
6 | National Australia Bank Ltd. | 3.347% | 1/12/37 | 38,825 | 32,345 | |
6 | National Securities Clearing Corp. | 5.100% | 11/21/27 | 52,090 | 52,365 | |
6 | Nationwide Financial Services Inc. | 3.900% | 11/30/49 | 48,905 | 37,962 | |
6 | Nationwide Mutual Insurance Co. | 4.350% | 4/30/50 | 41,675 | 32,886 | |
NatWest Group plc | 1.642% | 6/14/27 | 29,040 | 26,544 | ||
6 | NatWest Markets plc | 0.800% | 8/12/24 | 22,050 | 21,563 | |
6 | NBK SPC Ltd. | 1.625% | 9/15/27 | 67,900 | 61,737 | |
6 | New York Life Global Funding | 5.000% | 1/9/34 | 39,770 | 39,058 | |
6 | New York Life Insurance Co. | 5.875% | 5/15/33 | 55,395 | 57,279 | |
6 | New York Life Insurance Co. | 3.750% | 5/15/50 | 9,245 | 7,043 | |
6 | New York Life Insurance Co. | 4.450% | 5/15/69 | 15,270 | 12,248 | |
6 | Nordea Bank Abp | 1.500% | 9/30/26 | 65,800 | 59,690 | |
6 | Northwestern Mutual Life Insurance Co. | 3.850% | 9/30/47 | 30,684 | 23,890 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
6 | Northwestern Mutual Life Insurance Co. | 3.625% | 9/30/59 | 9,324 | 6,537 | |
6 | Pacific Life Global Funding II | 1.375% | 4/14/26 | 27,085 | 25,006 | |
6 | Pacific LifeCorp | 5.400% | 9/15/52 | 18,030 | 17,272 | |
6 | Penske Truck Leasing Co. LP | 3.450% | 7/1/24 | 16,420 | 16,292 | |
6 | Penske Truck Leasing Co. LP | 2.700% | 11/1/24 | 10,220 | 10,013 | |
6 | Penske Truck Leasing Co. LP | 3.950% | 3/10/25 | 52,010 | 51,031 | |
6 | Penske Truck Leasing Co. LP | 4.450% | 1/29/26 | 16,450 | 16,055 | |
6 | Penske Truck Leasing Co. LP | 5.875% | 11/15/27 | 45,805 | 46,503 | |
6 | Penske Truck Leasing Co. LP | 5.700% | 2/1/28 | 41,755 | 42,136 | |
6 | Penske Truck Leasing Co. LP | 6.050% | 8/1/28 | 37,310 | 38,155 | |
6 | Penske Truck Leasing Co. LP | 6.200% | 6/15/30 | 7,282 | 7,534 | |
3 | PNC Bank NA | 3.300% | 10/30/24 | 18,195 | 17,937 | |
3 | PNC Bank NA | 3.100% | 10/25/27 | 41,975 | 38,994 | |
3 | PNC Bank NA | 3.250% | 1/22/28 | 60,465 | 56,148 | |
6 | Pricoa Global Funding I | 5.100% | 5/30/28 | 33,975 | 33,969 | |
6 | Principal Life Global Funding II | 2.500% | 9/16/29 | 25,000 | 21,684 | |
Progressive Corp. | 4.950% | 6/15/33 | 54,414 | 54,031 | ||
Progressive Corp. | 4.125% | 4/15/47 | 9,955 | 8,360 | ||
5,6 | Prologis Targeted US Logistics Fund LP | 5.250% | 4/1/29 | 4,615 | 4,591 | |
6 | Protective Life Global Funding | 4.714% | 7/6/27 | 18,335 | 18,102 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 7,767 | 6,131 | ||
6 | RGA Global Funding | 2.700% | 1/18/29 | 14,330 | 12,611 | |
6 | RGA Global Funding | 5.500% | 1/11/31 | 16,515 | 16,290 | |
3 | Royal Bank of Canada | 5.000% | 2/1/33 | 44,538 | 43,777 | |
6 | Standard Chartered plc | 1.214% | 3/23/25 | 6,465 | 6,442 | |
6 | Standard Chartered plc | 6.301% | 1/9/29 | 32,130 | 32,838 | |
State Street Corp. | 4.821% | 1/26/34 | 14,655 | 14,127 | ||
6 | Sumitomo Mitsui Trust Bank Ltd. | 0.850% | 3/25/24 | 58,195 | 58,029 | |
6 | Svenska Handelsbanken AB | 1.418% | 6/11/27 | 62,395 | 56,636 | |
6 | Swedbank AB | 6.136% | 9/12/26 | 33,865 | 34,307 | |
6 | Teachers Insurance & Annuity Association of America | 4.900% | 9/15/44 | 32,380 | 29,412 | |
6 | Teachers Insurance & Annuity Association of America | 4.270% | 5/15/47 | 42,390 | 34,881 | |
Toronto-Dominion Bank | 4.456% | 6/8/32 | 13,271 | 12,650 | ||
3 | Truist Financial Corp. | 3.700% | 6/5/25 | 49,000 | 47,921 | |
3 | Truist Financial Corp. | 4.873% | 1/26/29 | 34,945 | 34,009 | |
UBS AG | 1.250% | 6/1/26 | 36,125 | 33,126 | ||
UBS AG | 5.650% | 9/11/28 | 52,280 | 53,322 | ||
UBS Group AG | 3.750% | 3/26/25 | 28,568 | 27,976 | ||
6 | UBS Group AG | 2.593% | 9/11/25 | 17,585 | 17,284 | |
6 | UBS Group AG | 1.305% | 2/2/27 | 14,940 | 13,750 | |
6 | UBS Group AG | 1.494% | 8/10/27 | 40,005 | 36,236 | |
6 | UBS Group AG | 3.869% | 1/12/29 | 10,980 | 10,321 | |
6 | UBS Group AG | 2.095% | 2/11/32 | 23,650 | 18,666 | |
6 | UBS Group AG | 3.091% | 5/14/32 | 59,185 | 49,747 | |
6 | UBS Group AG | 2.746% | 2/11/33 | 16,800 | 13,518 | |
6 | UBS Group AG | 6.537% | 8/12/33 | 18,290 | 19,093 | |
6 | UBS Group AG | 9.016% | 11/15/33 | 9,250 | 11,128 | |
6 | UBS Group AG | 6.301% | 9/22/34 | 40,305 | 41,615 | |
6 | UBS Group AG | 3.179% | 2/11/43 | 36,770 | 26,450 | |
6 | UniCredit SpA | 1.982% | 6/3/27 | 35,165 | 32,267 | |
6 | UniCredit SpA | 3.127% | 6/3/32 | 35,545 | 29,684 | |
3 | US Bancorp | 2.677% | 1/27/33 | 16,145 | 13,178 | |
US Bancorp | 2.491% | 11/3/36 | 20,116 | 15,549 | ||
3 | Wells Fargo & Co. | 3.550% | 9/29/25 | 32,170 | 31,340 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 39,405 | 37,599 | ||
3 | Wells Fargo & Co. | 3.196% | 6/17/27 | 60,555 | 57,638 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Wells Fargo & Co. | 3.526% | 3/24/28 | 19,500 | 18,489 | |
Wells Fargo & Co. | 6.303% | 10/23/29 | 35,415 | 36,704 | ||
3 | Wells Fargo & Co. | 2.879% | 10/30/30 | 15,000 | 13,144 | |
3 | Wells Fargo & Co. | 2.572% | 2/11/31 | 76,020 | 64,845 | |
3 | Wells Fargo & Co. | 3.350% | 3/2/33 | 7,970 | 6,838 | |
3 | Wells Fargo & Co. | 4.897% | 7/25/33 | 117,741 | 112,642 | |
Wells Fargo & Co. | 5.389% | 4/24/34 | 20,025 | 19,700 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 71,831 | 69,845 | ||
3 | Wells Fargo & Co. | 4.650% | 11/4/44 | 10,315 | 8,878 | |
3 | Wells Fargo & Co. | 4.900% | 11/17/45 | 19,160 | 17,002 | |
3 | Wells Fargo & Co. | 4.400% | 6/14/46 | 73,300 | 60,144 | |
3 | Wells Fargo & Co. | 4.750% | 12/7/46 | 23,150 | 20,008 | |
3 | Wells Fargo & Co. | 4.611% | 4/25/53 | 84,025 | 73,314 | |
Wells Fargo Bank NA | 5.254% | 12/11/26 | 97,083 | 97,430 | ||
10,802,095 | ||||||
Health Care (2.2%) | ||||||
AbbVie Inc. | 3.800% | 3/15/25 | 15,725 | 15,406 | ||
AbbVie Inc. | 4.950% | 3/15/31 | 33,475 | 33,473 | ||
AbbVie Inc. | 5.350% | 3/15/44 | 18,173 | 18,324 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 19,411 | 17,899 | ||
AbbVie Inc. | 5.400% | 3/15/54 | 42,891 | 43,550 | ||
3 | AdventHealth Obligated Group | 2.795% | 11/15/51 | 30,030 | 19,694 | |
3 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 7,210 | 6,084 | |
3 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 8,980 | 6,220 | |
6 | Alcon Finance Corp. | 2.750% | 9/23/26 | 5,830 | 5,463 | |
6 | Alcon Finance Corp. | 2.600% | 5/27/30 | 5,665 | 4,863 | |
6 | Alcon Finance Corp. | 5.375% | 12/6/32 | 8,550 | 8,553 | |
6 | Alcon Finance Corp. | 3.800% | 9/23/49 | 6,025 | 4,668 | |
6 | Alcon Finance Corp. | 5.750% | 12/6/52 | 9,480 | 9,681 | |
Amgen Inc. | 4.400% | 5/1/45 | 4,734 | 4,041 | ||
Amgen Inc. | 4.200% | 2/22/52 | 17,717 | 14,350 | ||
Amgen Inc. | 5.750% | 3/2/63 | 13,585 | 13,591 | ||
3 | Ascension Health | 2.532% | 11/15/29 | 22,515 | 20,057 | |
3 | Ascension Health | 4.847% | 11/15/53 | 23,970 | 22,887 | |
AstraZeneca plc | 4.000% | 1/17/29 | 44,555 | 43,013 | ||
AstraZeneca plc | 6.450% | 9/15/37 | 23,385 | 26,334 | ||
Banner Health | 2.907% | 1/1/42 | 29,965 | 21,832 | ||
6 | Bayer US Finance LLC | 3.375% | 10/8/24 | 33,220 | 32,670 | |
6 | Bayer US Finance II LLC | 4.250% | 12/15/25 | 46,665 | 45,357 | |
3 | Beth Israel Lahey Health Inc. | 3.080% | 7/1/51 | 8,555 | 5,429 | |
3 | Bon Secours Mercy Health Inc. | 4.302% | 7/1/28 | 20,339 | 19,761 | |
3 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 17,085 | 15,552 | |
3 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 11,305 | 9,129 | |
Bristol-Myers Squibb Co. | 5.200% | 2/22/34 | 49,570 | 49,948 | ||
Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 63,155 | 49,791 | ||
Bristol-Myers Squibb Co. | 5.500% | 2/22/44 | 3,755 | 3,799 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 5,703 | 5,017 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 4,235 | 3,545 | ||
Bristol-Myers Squibb Co. | 5.650% | 2/22/64 | 60,351 | 60,926 | ||
3 | Cedars-Sinai Health System | 2.288% | 8/15/31 | 43,795 | 36,418 | |
3 | Children's Hospital Corp. | 2.585% | 2/1/50 | 5,460 | 3,438 | |
3 | Cigna Group | 3.250% | 4/15/25 | 31,655 | 30,898 | |
Cigna Group | 4.375% | 10/15/28 | 18,600 | 18,064 | ||
CommonSpirit Health | 2.760% | 10/1/24 | 29,395 | 28,876 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 36,655 | 33,283 | ||
CommonSpirit Health | 2.782% | 10/1/30 | 21,827 | 18,686 | ||
3 | CommonSpirit Health | 4.350% | 11/1/42 | 28,315 | 24,150 | |
CommonSpirit Health | 3.910% | 10/1/50 | 4,370 | 3,374 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 9,875 | 7,118 | |
6 | CSL Finance plc | 4.250% | 4/27/32 | 31,340 | 29,591 | |
6 | CSL Finance plc | 4.750% | 4/27/52 | 1,160 | 1,047 | |
CVS Health Corp. | 1.750% | 8/21/30 | 4,940 | 4,006 | ||
CVS Health Corp. | 4.875% | 7/20/35 | 6,900 | 6,581 | ||
Dignity Health | 3.812% | 11/1/24 | 20,780 | 20,457 | ||
Elevance Health Inc. | 3.650% | 12/1/27 | 26,975 | 25,795 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 8,486 | 8,208 | ||
Elevance Health Inc. | 2.550% | 3/15/31 | 35,565 | 30,144 | ||
Elevance Health Inc. | 5.500% | 10/15/32 | 17,525 | 17,850 | ||
Elevance Health Inc. | 4.650% | 8/15/44 | 2,876 | 2,556 | ||
Elevance Health Inc. | 6.100% | 10/15/52 | 4,640 | 4,977 | ||
Eli Lilly & Co. | 4.875% | 2/27/53 | 8,710 | 8,443 | ||
Eli Lilly & Co. | 4.950% | 2/27/63 | 7,570 | 7,286 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 22,335 | 21,954 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 45,247 | 31,537 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 13,465 | 11,840 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 14,930 | 12,319 | ||
GlaxoSmithKline Capital Inc. | 5.375% | 4/15/34 | 45,000 | 47,464 | ||
HCA Inc. | 5.450% | 4/1/31 | 10,175 | 10,127 | ||
HCA Inc. | 6.000% | 4/1/54 | 34,245 | 33,989 | ||
Humana Inc. | 5.750% | 12/1/28 | 2,245 | 2,293 | ||
Humana Inc. | 5.950% | 3/15/34 | 33,538 | 34,636 | ||
Humana Inc. | 5.500% | 3/15/53 | 13,071 | 12,663 | ||
3 | Indiana University Health Inc. Obligated Group | 2.852% | 11/1/51 | 12,370 | 8,165 | |
Inova Health System Foundation | 4.068% | 5/15/52 | 20,740 | 17,652 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 14,823 | 14,085 | ||
3 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 37,455 | 27,408 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 14,250 | 13,528 | ||
3 | Kaiser Foundation Hospitals | 3.002% | 6/1/51 | 36,720 | 25,165 | |
3 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 12,361 | 8,912 | |
3 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 32,045 | 22,042 | |
3 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 18,985 | 12,911 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 12,320 | 10,472 | ||
3 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 5,910 | 5,003 | |
Merck & Co. Inc. | 3.400% | 3/7/29 | 44,290 | 41,598 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 22,090 | 19,282 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 52,385 | 43,625 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 25,896 | 23,568 | ||
OhioHealth Corp. | 2.297% | 11/15/31 | 26,665 | 22,036 | ||
OhioHealth Corp. | 2.834% | 11/15/41 | 16,515 | 12,067 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 70,335 | 66,116 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 6,065 | 5,053 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 53,995 | 47,979 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.750% | 5/19/33 | 28,395 | 27,670 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.110% | 5/19/43 | 13,207 | 12,702 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.300% | 5/19/53 | 27,020 | 26,464 | ||
3 | Piedmont Healthcare Inc. | 2.044% | 1/1/32 | 8,825 | 7,113 | |
3 | Piedmont Healthcare Inc. | 2.719% | 1/1/42 | 8,830 | 6,212 | |
Piedmont Healthcare Inc. | 2.864% | 1/1/52 | 11,725 | 7,657 | ||
3 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 17,470 | 15,211 | |
Providence St. Joseph Health Obligated Group | 5.403% | 10/1/33 | 14,986 | 14,915 | ||
3 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 11,805 | 9,124 | |
3 | Providence St. Joseph Health Obligated Group | 2.700% | 10/1/51 | 39,905 | 23,903 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
6 | Roche Holdings Inc. | 2.607% | 12/13/51 | 8,330 | 5,253 | |
Royalty Pharma plc | 3.550% | 9/2/50 | 9,555 | 6,504 | ||
3 | SSM Health Care Corp. | 3.823% | 6/1/27 | 34,910 | 33,493 | |
3 | Sutter Health | 2.294% | 8/15/30 | 9,670 | 8,224 | |
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 26,687 | 22,425 | ||
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 18,255 | 13,591 | ||
Thermo Fisher Scientific Inc. | 1.750% | 10/15/28 | 8,965 | 7,868 | ||
Toledo Hospital | 5.750% | 11/15/38 | 18,440 | 18,484 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 15,350 | 14,826 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 34,565 | 33,276 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 7,515 | 6,316 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 14,960 | 12,530 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 23,545 | 22,216 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 7,480 | 6,045 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 8,505 | 6,125 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 34,267 | 25,463 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 67,400 | 58,756 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 24,520 | 22,670 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 8,620 | 7,287 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 4,985 | 3,865 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 22,215 | 18,698 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 4,970 | 4,347 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 23,160 | 17,822 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 31,449 | 20,872 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 40,050 | 28,201 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 7,175 | 6,538 | ||
UnitedHealth Group Inc. | 5.875% | 2/15/53 | 55,051 | 58,833 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 19,125 | 14,555 | ||
Wyeth LLC | 5.950% | 4/1/37 | 25,000 | 26,674 | ||
2,380,370 | ||||||
Industrials (0.9%) | ||||||
6 | Ashtead Capital Inc. | 2.450% | 8/12/31 | 17,915 | 14,431 | |
6 | Ashtead Capital Inc. | 5.500% | 8/11/32 | 10,173 | 9,950 | |
6 | Ashtead Capital Inc. | 5.550% | 5/30/33 | 4,400 | 4,303 | |
6 | Ashtead Capital Inc. | 5.950% | 10/15/33 | 8,445 | 8,490 | |
6 | Ashtead Capital Inc. | 5.800% | 4/15/34 | 13,285 | 13,161 | |
6 | BAE Systems Holdings Inc. | 3.850% | 12/15/25 | 11,010 | 10,736 | |
6 | BAE Systems plc | 3.400% | 4/15/30 | 7,335 | 6,632 | |
Boeing Co. | 2.700% | 2/1/27 | 17,155 | 15,966 | ||
Boeing Co. | 8.625% | 11/15/31 | 9,460 | 11,140 | ||
Boeing Co. | 5.805% | 5/1/50 | 61,578 | 59,180 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 6,000 | 5,361 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 13,365 | 11,249 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 2,715 | 2,239 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 9,950 | 6,740 | ||
Burlington Northern Santa Fe LLC | 3.300% | 9/15/51 | 20,000 | 14,254 | ||
Burlington Northern Santa Fe LLC | 2.875% | 6/15/52 | 17,935 | 11,658 | ||
Burlington Northern Santa Fe LLC | 4.450% | 1/15/53 | 2,609 | 2,287 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 6,870 | 4,284 | ||
Canadian Pacific Railway Co. | 4.950% | 8/15/45 | 16,985 | 15,569 | ||
Carrier Global Corp. | 5.900% | 3/15/34 | 3,865 | 4,035 | ||
Carrier Global Corp. | 6.200% | 3/15/54 | 13,229 | 14,423 | ||
CSX Corp. | 3.350% | 9/15/49 | 5,535 | 3,964 | ||
6 | Daimler Truck Finance North America LLC | 5.150% | 1/16/26 | 14,600 | 14,551 | |
6 | Daimler Truck Finance North America LLC | 5.000% | 1/15/27 | 6,890 | 6,866 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
6 | Daimler Truck Finance North America LLC | 3.650% | 4/7/27 | 17,489 | 16,768 | |
6 | Daimler Truck Finance North America LLC | 5.125% | 1/19/28 | 4,630 | 4,624 | |
6 | Daimler Truck Finance North America LLC | 5.375% | 1/18/34 | 11,760 | 11,713 | |
Deere & Co. | 7.125% | 3/3/31 | 17,500 | 19,980 | ||
Eaton Corp. | 4.700% | 8/23/52 | 5,205 | 4,802 | ||
6 | ERAC USA Finance LLC | 5.000% | 2/15/29 | 8,975 | 8,922 | |
6 | ERAC USA Finance LLC | 4.900% | 5/1/33 | 45,854 | 44,684 | |
6 | ERAC USA Finance LLC | 5.200% | 10/30/34 | 22,750 | 22,564 | |
6 | ERAC USA Finance LLC | 5.625% | 3/15/42 | 21,787 | 22,085 | |
6 | ERAC USA Finance LLC | 5.400% | 5/1/53 | 27,091 | 27,099 | |
Honeywell International Inc. | 4.250% | 1/15/29 | 32,230 | 31,525 | ||
Honeywell International Inc. | 5.000% | 2/15/33 | 70,573 | 70,709 | ||
Honeywell International Inc. | 4.500% | 1/15/34 | 50,457 | 48,545 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 4,260 | 4,376 | ||
John Deere Capital Corp. | 4.500% | 1/16/29 | 27,660 | 27,258 | ||
3 | John Deere Capital Corp. | 5.150% | 9/8/33 | 38,120 | 38,777 | |
Lockheed Martin Corp. | 1.850% | 6/15/30 | 1,700 | 1,421 | ||
Lockheed Martin Corp. | 5.250% | 1/15/33 | 38,987 | 39,733 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 8,015 | 7,582 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 14,370 | 13,248 | ||
Lockheed Martin Corp. | 5.700% | 11/15/54 | 19,676 | 20,744 | ||
Republic Services Inc. | 4.875% | 4/1/29 | 3,595 | 3,579 | ||
RTX Corp. | 4.125% | 11/16/28 | 16,675 | 16,015 | ||
RTX Corp. | 4.450% | 11/16/38 | 9,325 | 8,281 | ||
6 | Siemens Financieringsmaatschappij NV | 1.700% | 3/11/28 | 20,360 | 18,126 | |
6 | Siemens Financieringsmaatschappij NV | 2.150% | 3/11/31 | 33,030 | 27,531 | |
6 | Siemens Financieringsmaatschappij NV | 4.400% | 5/27/45 | 31,740 | 28,635 | |
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 30,011 | 26,891 | ||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 30,128 | 25,564 | ||
Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 16,705 | 16,866 | ||
Union Pacific Corp. | 2.800% | 2/14/32 | 357 | 306 | ||
Union Pacific Corp. | 3.375% | 2/14/42 | 17,635 | 13,768 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 1,409 | 1,016 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 24,211 | 19,091 | ||
Union Pacific Corp. | 3.500% | 2/14/53 | 61,297 | 45,586 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 13,510 | 9,874 | ||
3 | United Airlines Pass-Through Trust Class B Series 2018-1 | 4.600% | 3/1/26 | 4,181 | 4,000 | |
1,023,757 | ||||||
Materials (0.1%) | ||||||
6 | Glencore Finance Canada Ltd. | 6.000% | 11/15/41 | 2,711 | 2,694 | |
6 | Glencore Funding LLC | 6.375% | 10/6/30 | 29,058 | 30,524 | |
6 | Glencore Funding LLC | 2.625% | 9/23/31 | 8,527 | 7,066 | |
6 | Glencore Funding LLC | 5.700% | 5/8/33 | 1,565 | 1,580 | |
6 | Glencore Funding LLC | 6.500% | 10/6/33 | 15,265 | 16,285 | |
6 | Glencore Funding LLC | 3.875% | 4/27/51 | 2,360 | 1,762 | |
6 | Glencore Funding LLC | 3.375% | 9/23/51 | 3,136 | 2,152 | |
62,063 | ||||||
Real Estate (0.5%) | ||||||
American Tower Corp. | 4.400% | 2/15/26 | 7,315 | 7,193 | ||
American Tower Corp. | 3.800% | 8/15/29 | 41,879 | 38,763 | ||
American Tower Corp. | 5.900% | 11/15/33 | 8,253 | 8,463 | ||
Crown Castle Inc. | 4.000% | 11/15/49 | 7,282 | 5,602 | ||
CubeSmart LP | 2.250% | 12/15/28 | 12,135 | 10,555 | ||
CubeSmart LP | 2.500% | 2/15/32 | 7,767 | 6,272 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Extra Space Storage LP | 5.500% | 7/1/30 | 12,185 | 12,238 | ||
Extra Space Storage LP | 5.900% | 1/15/31 | 29,934 | 30,618 | ||
Healthpeak OP LLC | 2.125% | 12/1/28 | 30,395 | 26,456 | ||
Healthpeak OP LLC | 3.000% | 1/15/30 | 31,475 | 27,616 | ||
Prologis LP | 5.250% | 6/15/53 | 16,062 | 15,564 | ||
Public Storage Operating Co. | 5.125% | 1/15/29 | 6,100 | 6,163 | ||
Public Storage Operating Co. | 5.100% | 8/1/33 | 6,160 | 6,153 | ||
Public Storage Operating Co. | 5.350% | 8/1/53 | 10,525 | 10,465 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 24,400 | 21,656 | ||
Realty Income Corp. | 4.700% | 12/15/28 | 27,200 | 26,743 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 12,940 | 11,446 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 25,860 | 21,290 | ||
Realty Income Corp. | 4.900% | 7/15/33 | 26,434 | 25,220 | ||
Realty Income Corp. | 5.125% | 2/15/34 | 30,285 | 29,329 | ||
6 | SBA Tower Trust | 2.836% | 1/15/25 | 25,075 | 24,297 | |
6 | SBA Tower Trust | 1.884% | 1/15/26 | 8,960 | 8,297 | |
6 | SBA Tower Trust | 1.631% | 11/15/26 | 34,975 | 31,373 | |
6 | SBA Tower Trust | 1.840% | 4/15/27 | 54,190 | 48,310 | |
6 | SBA Tower Trust | 2.593% | 10/15/31 | 51,750 | 40,635 | |
6 | Scentre Group Trust 1 | 4.375% | 5/28/30 | 19,110 | 17,963 | |
Simon Property Group LP | 3.375% | 10/1/24 | 10,055 | 9,923 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 19,865 | 17,306 | ||
545,909 | ||||||
Technology (1.7%) | ||||||
Apple Inc. | 3.250% | 2/23/26 | 37,631 | 36,506 | ||
Apple Inc. | 2.450% | 8/4/26 | 43,466 | 41,144 | ||
Apple Inc. | 3.350% | 2/9/27 | 55,925 | 53,802 | ||
Apple Inc. | 3.200% | 5/11/27 | 39,185 | 37,389 | ||
Apple Inc. | 2.900% | 9/12/27 | 55,355 | 52,210 | ||
Apple Inc. | 3.850% | 5/4/43 | 17,000 | 14,543 | ||
Apple Inc. | 4.450% | 5/6/44 | 5,075 | 4,743 | ||
Apple Inc. | 3.850% | 8/4/46 | 36,890 | 30,802 | ||
Apple Inc. | 2.650% | 5/11/50 | 24,045 | 15,627 | ||
Apple Inc. | 2.650% | 2/8/51 | 27,145 | 17,494 | ||
Apple Inc. | 4.850% | 5/10/53 | 40,314 | 39,387 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 11,385 | 11,006 | ||
Broadcom Inc. | 4.110% | 9/15/28 | 37,859 | 36,284 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 24,480 | 22,885 | ||
6 | Broadcom Inc. | 2.600% | 2/15/33 | 24,680 | 19,807 | |
6 | Broadcom Inc. | 3.187% | 11/15/36 | 9,709 | 7,588 | |
Cisco Systems Inc. | 2.500% | 9/20/26 | 15,676 | 14,793 | ||
Cisco Systems Inc. | 4.950% | 2/26/31 | 55,815 | 55,862 | ||
Cisco Systems Inc. | 5.050% | 2/26/34 | 49,855 | 50,113 | ||
Cisco Systems Inc. | 5.300% | 2/26/54 | 23,240 | 23,517 | ||
6 | Constellation Software Inc. | 5.158% | 2/16/29 | 19,494 | 19,419 | |
6 | Constellation Software Inc. | 5.461% | 2/16/34 | 12,465 | 12,457 | |
Intel Corp. | 2.875% | 5/11/24 | 29,395 | 29,217 | ||
Intel Corp. | 2.000% | 8/12/31 | 3,635 | 2,950 | ||
Intel Corp. | 4.000% | 12/15/32 | 4,750 | 4,384 | ||
Intel Corp. | 5.625% | 2/10/43 | 38,241 | 38,867 | ||
Intel Corp. | 4.100% | 5/19/46 | 45,545 | 37,611 | ||
Intel Corp. | 4.100% | 5/11/47 | 21,904 | 18,013 | ||
Intel Corp. | 3.734% | 12/8/47 | 8,096 | 6,136 | ||
Intel Corp. | 3.250% | 11/15/49 | 19,400 | 13,404 | ||
Intel Corp. | 3.050% | 8/12/51 | 19,202 | 12,689 | ||
Intel Corp. | 4.900% | 8/5/52 | 75,206 | 68,908 | ||
Intel Corp. | 5.700% | 2/10/53 | 60,874 | 61,517 | ||
Intel Corp. | 5.600% | 2/21/54 | 27,767 | 27,762 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Intel Corp. | 5.900% | 2/10/63 | 10,935 | 11,391 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 155,985 | 150,179 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 99,238 | 92,631 | ||
International Business Machines Corp. | 5.875% | 11/29/32 | 20,240 | 21,428 | ||
Intuit Inc. | 5.200% | 9/15/33 | 48,900 | 49,389 | ||
Intuit Inc. | 5.500% | 9/15/53 | 39,159 | 40,382 | ||
KLA Corp. | 4.950% | 7/15/52 | 20,110 | 19,063 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 17,700 | 17,205 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 31,097 | 27,393 | ||
Microsoft Corp. | 2.525% | 6/1/50 | 122,844 | 79,160 | ||
6 | Microsoft Corp. | 2.500% | 9/15/50 | 16,363 | 10,382 | |
Microsoft Corp. | 2.921% | 3/17/52 | 119,367 | 82,391 | ||
Oracle Corp. | 2.950% | 11/15/24 | 79,830 | 78,294 | ||
Oracle Corp. | 1.650% | 3/25/26 | 17,300 | 16,068 | ||
Oracle Corp. | 3.250% | 11/15/27 | 48,711 | 45,676 | ||
Oracle Corp. | 4.500% | 7/8/44 | 33,877 | 28,433 | ||
Oracle Corp. | 4.125% | 5/15/45 | 25,243 | 19,943 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 29,475 | 25,211 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 16,672 | 14,685 | ||
S&P Global Inc. | 2.700% | 3/1/29 | 3,693 | 3,340 | ||
S&P Global Inc. | 3.700% | 3/1/52 | 41,670 | 32,220 | ||
6 | UL Solutions Inc. | 6.500% | 10/20/28 | 12,800 | 13,221 | |
1,816,921 | ||||||
Utilities (3.1%) | ||||||
3 | AEP Texas Inc. | 4.150% | 5/1/49 | 5,065 | 3,972 | |
3 | AEP Texas Inc. | 3.450% | 1/15/50 | 16,810 | 11,724 | |
3 | AEP Transmission Co. LLC | 4.500% | 6/15/52 | 9,195 | 7,983 | |
Alabama Power Co. | 5.700% | 2/15/33 | 15,000 | 15,152 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 21,773 | 22,896 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 24,430 | 19,114 | ||
3 | Alabama Power Co. | 4.300% | 7/15/48 | 28,015 | 23,395 | |
Ameren Illinois Co. | 3.800% | 5/15/28 | 22,215 | 21,405 | ||
Ameren Illinois Co. | 6.125% | 12/15/28 | 54,000 | 53,904 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 5,045 | 3,874 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 9,975 | 9,300 | ||
American Water Capital Corp. | 4.450% | 6/1/32 | 22,115 | 21,145 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 1,435 | 1,114 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 30,403 | 25,532 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 850 | 703 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 2,280 | 1,668 | ||
Arizona Public Service Co. | 6.350% | 12/15/32 | 6,080 | 6,438 | ||
Arizona Public Service Co. | 5.550% | 8/1/33 | 8,253 | 8,289 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 11,220 | 7,663 | ||
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 5,000 | 4,170 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 6,549 | 4,226 | ||
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 41,185 | 43,429 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 830 | 859 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 10,715 | 10,280 | ||
Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 15,865 | 12,788 | ||
Berkshire Hathaway Energy Co. | 4.600% | 5/1/53 | 59,082 | 50,600 | ||
6 | Boston Gas Co. | 3.150% | 8/1/27 | 5,385 | 4,997 | |
6 | Boston Gas Co. | 3.001% | 8/1/29 | 5,970 | 5,237 | |
6 | Boston Gas Co. | 3.757% | 3/16/32 | 4,225 | 3,688 | |
6 | Brooklyn Union Gas Co. | 3.407% | 3/10/26 | 2,685 | 2,568 | |
6 | Brooklyn Union Gas Co. | 4.273% | 3/15/48 | 61,265 | 46,355 | |
CenterPoint Energy Houston Electric LLC | 5.150% | 3/1/34 | 15,365 | 15,348 | ||
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 35,850 | 36,108 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
CenterPoint Energy Resources Corp. | 4.000% | 4/1/28 | 8,068 | 7,747 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 28,139 | 28,323 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 9,180 | 7,980 | ||
3 | Cleco Securitization I LLC | 4.646% | 9/1/42 | 27,070 | 25,534 | |
Commonwealth Edison Co. | 4.350% | 11/15/45 | 13,610 | 11,576 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 6,365 | 4,850 | ||
3 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 10,000 | 7,635 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 13,787 | 11,017 | ||
3 | Commonwealth Edison Co. | 3.850% | 3/15/52 | 3,755 | 2,888 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 36,735 | 31,774 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 2,729 | 2,142 | ||
3 | Consolidated Edison Co. of New York Inc. | 4.125% | 5/15/49 | 4,105 | 3,298 | |
3 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 1,690 | 1,353 | |
Consolidated Edison Co. of New York Inc. | 3.200% | 12/1/51 | 27,865 | 18,866 | ||
Consolidated Edison Co. of New York Inc. | 6.150% | 11/15/52 | 12,957 | 14,040 | ||
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 72,625 | 62,369 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 32,349 | 27,151 | ||
Consumers Energy Co. | 4.200% | 9/1/52 | 19,310 | 16,019 | ||
3 | Dominion Energy Inc. | 3.375% | 4/1/30 | 9,033 | 8,134 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 21,037 | 20,917 | ||
3 | Dominion Energy Inc. | 5.250% | 8/1/33 | 5,706 | 5,601 | |
3 | Dominion Energy Inc. | 4.600% | 3/15/49 | 27,385 | 23,086 | |
3 | Dominion Energy Inc. | 4.850% | 8/15/52 | 39,828 | 34,813 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 4,886 | 5,430 | ||
Dominion Energy South Carolina Inc. | 5.800% | 1/15/33 | 9,000 | 9,278 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 1,438 | 1,446 | ||
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 44,155 | 46,663 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 2,945 | 2,904 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 7,251 | 6,402 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 29,850 | 27,483 | ||
Duke Energy Carolinas LLC | 4.950% | 1/15/33 | 4,810 | 4,733 | ||
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 3,404 | 3,565 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 4,000 | 4,196 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 17,085 | 12,729 | ||
Duke Energy Carolinas LLC | 5.350% | 1/15/53 | 52,380 | 51,024 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 11,775 | 11,082 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 12,030 | 11,077 | ||
Duke Energy Corp. | 3.300% | 6/15/41 | 31,380 | 23,076 | ||
Duke Energy Corp. | 4.800% | 12/15/45 | 44,700 | 39,145 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 9,940 | 7,392 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 25,820 | 20,356 | ||
Duke Energy Corp. | 3.500% | 6/15/51 | 34,035 | 23,474 | ||
Duke Energy Corp. | 5.000% | 8/15/52 | 24,460 | 21,810 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 8,000 | 8,556 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 27,055 | 29,157 | ||
Duke Energy Florida LLC | 5.950% | 11/15/52 | 11,250 | 11,810 | ||
Duke Energy Progress LLC | 3.400% | 4/1/32 | 15,845 | 14,005 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 14,705 | 15,792 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 615 | 504 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 40,400 | 33,213 | ||
Duke Energy Progress LLC | 2.500% | 8/15/50 | 2,475 | 1,465 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Duke Energy Progress LLC | 2.900% | 8/15/51 | 2,450 | 1,574 | ||
Duke Energy Progress LLC | 4.000% | 4/1/52 | 4,185 | 3,298 | ||
3 | Duke Energy Progress NC Storm Funding LLC | 2.387% | 7/1/37 | 34,870 | 27,967 | |
6 | East Ohio Gas Co. | 2.000% | 6/15/30 | 8,960 | 7,332 | |
6 | East Ohio Gas Co. | 3.000% | 6/15/50 | 13,050 | 8,131 | |
Edison International | 5.250% | 11/15/28 | 22,192 | 22,075 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 25,624 | 24,555 | ||
Entergy Louisiana LLC | 3.120% | 9/1/27 | 14,935 | 14,052 | ||
Evergy Inc. | 2.450% | 9/15/24 | 10,420 | 10,229 | ||
Evergy Kansas Central Inc. | 3.250% | 9/1/49 | 5,062 | 3,463 | ||
3 | Evergy Metro Inc. | 2.250% | 6/1/30 | 5,680 | 4,800 | |
Evergy Metro Inc. | 4.200% | 3/15/48 | 3,419 | 2,770 | ||
3 | Eversource Energy | 2.900% | 10/1/24 | 17,450 | 17,161 | |
3 | Eversource Energy | 3.150% | 1/15/25 | 5,025 | 4,920 | |
3 | Eversource Energy | 3.300% | 1/15/28 | 14,410 | 13,421 | |
Eversource Energy | 5.450% | 3/1/28 | 24,675 | 24,810 | ||
Eversource Energy | 3.375% | 3/1/32 | 5,495 | 4,717 | ||
Eversource Energy | 5.125% | 5/15/33 | 11,655 | 11,259 | ||
Exelon Corp. | 3.350% | 3/15/32 | 18,315 | 15,969 | ||
Florida Power & Light Co. | 5.650% | 2/1/35 | 50,000 | 51,634 | ||
Florida Power & Light Co. | 4.950% | 6/1/35 | 10,000 | 9,838 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 5,000 | 5,162 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 27,080 | 28,798 | ||
Florida Power & Light Co. | 5.690% | 3/1/40 | 4,000 | 4,098 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 13,702 | 10,651 | ||
Florida Power & Light Co. | 5.300% | 4/1/53 | 17,250 | 17,033 | ||
Fortis Inc. | 3.055% | 10/4/26 | 28,565 | 26,967 | ||
Georgia Power Co. | 4.700% | 5/15/32 | 21,575 | 20,854 | ||
Georgia Power Co. | 4.950% | 5/17/33 | 20,085 | 19,624 | ||
Georgia Power Co. | 5.250% | 3/15/34 | 15,025 | 14,976 | ||
Georgia Power Co. | 5.400% | 6/1/40 | 6,665 | 6,360 | ||
3 | Georgia Power Co. | 4.750% | 9/1/40 | 34,703 | 31,505 | |
Georgia Power Co. | 4.300% | 3/15/42 | 9,934 | 8,479 | ||
Georgia Power Co. | 5.125% | 5/15/52 | 24,430 | 23,187 | ||
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 14,980 | 12,125 | ||
6 | ITC Holdings Corp. | 4.950% | 9/22/27 | 2,425 | 2,410 | |
6 | KeySpan Gas East Corp. | 2.742% | 8/15/26 | 25,345 | 23,642 | |
6 | Massachusetts Electric Co. | 5.900% | 11/15/39 | 21,565 | 21,408 | |
6 | Metropolitan Edison Co. | 5.200% | 4/1/28 | 1,910 | 1,905 | |
6 | Metropolitan Edison Co. | 4.300% | 1/15/29 | 6,572 | 6,310 | |
MidAmerican Energy Co. | 4.400% | 10/15/44 | 1,050 | 899 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 5,485 | 4,599 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 6,595 | 5,541 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 38,026 | 25,991 | ||
6 | Mid-Atlantic Interstate Transmission LLC | 4.100% | 5/15/28 | 3,170 | 3,037 | |
6 | Monongahela Power Co. | 5.400% | 12/15/43 | 4,570 | 4,315 | |
3 | Nevada Power Co. | 3.125% | 8/1/50 | 15,345 | 10,064 | |
NextEra Energy Capital Holdings Inc. | 6.051% | 3/1/25 | 12,700 | 12,751 | ||
NextEra Energy Capital Holdings Inc. | 5.749% | 9/1/25 | 13,955 | 14,029 | ||
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 32,275 | 30,706 | ||
NextEra Energy Capital Holdings Inc. | 1.900% | 6/15/28 | 27,465 | 24,055 | ||
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 14,165 | 13,099 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 48,660 | 40,949 | ||
NextEra Energy Capital Holdings Inc. | 5.000% | 7/15/32 | 6,130 | 5,974 | ||
6 | Niagara Mohawk Power Corp. | 4.278% | 12/15/28 | 35,970 | 34,113 | |
6 | Niagara Mohawk Power Corp. | 3.025% | 6/27/50 | 14,840 | 9,266 | |
NiSource Inc. | 5.250% | 3/30/28 | 19,368 | 19,457 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
NiSource Inc. | 5.250% | 2/15/43 | 14,588 | 13,747 | ||
NiSource Inc. | 4.800% | 2/15/44 | 12,750 | 11,309 | ||
NiSource Inc. | 5.000% | 6/15/52 | 19,985 | 18,064 | ||
Northern States Power Co. | 2.250% | 4/1/31 | 4,940 | 4,138 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 50,000 | 54,001 | ||
6 | Oglethorpe Power Corp. | 6.191% | 1/1/31 | 31,994 | 31,794 | |
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 6,075 | 5,998 | ||
Oglethorpe Power Corp. | 4.550% | 6/1/44 | 1,825 | 1,483 | ||
Oglethorpe Power Corp. | 4.250% | 4/1/46 | 19,060 | 14,583 | ||
Oglethorpe Power Corp. | 4.500% | 4/1/47 | 4,095 | 3,322 | ||
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 4,690 | 4,133 | ||
Oncor Electric Delivery Co. LLC | 4.150% | 6/1/32 | 4,425 | 4,144 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 9/15/32 | 19,394 | 18,605 | ||
Oncor Electric Delivery Co. LLC | 5.650% | 11/15/33 | 37,160 | 38,315 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 10,735 | 9,734 | ||
Oncor Electric Delivery Co. LLC | 2.700% | 11/15/51 | 23,120 | 14,358 | ||
Oncor Electric Delivery Co. LLC | 4.600% | 6/1/52 | 26,115 | 22,965 | ||
Oncor Electric Delivery Co. LLC | 4.950% | 9/15/52 | 3,788 | 3,527 | ||
Pacific Gas & Electric Co. | 6.150% | 1/15/33 | 19,542 | 19,995 | ||
Pacific Gas & Electric Co. | 6.400% | 6/15/33 | 18,130 | 18,853 | ||
Pacific Gas & Electric Co. | 6.950% | 3/15/34 | 30,080 | 32,523 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 37,359 | 31,386 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 14,559 | 10,572 | ||
Pacific Gas & Electric Co. | 6.750% | 1/15/53 | 13,479 | 14,447 | ||
Pacific Gas & Electric Co. | 6.700% | 4/1/53 | 28,364 | 30,417 | ||
PECO Energy Co. | 2.850% | 9/15/51 | 8,000 | 5,096 | ||
PECO Energy Co. | 4.600% | 5/15/52 | 12,845 | 11,437 | ||
6 | Pennsylvania Electric Co. | 5.150% | 3/30/26 | 910 | 902 | |
3 | PG&E Energy Recovery Funding LLC | 2.280% | 1/15/36 | 3,775 | 2,976 | |
3 | PG&E Energy Recovery Funding LLC | 2.822% | 7/15/46 | 16,989 | 12,237 | |
3 | PG&E Wildfire Recovery Funding LLC | 5.212% | 12/1/47 | 25,815 | 25,443 | |
3 | PG&E Wildfire Recovery Funding LLC | 5.099% | 6/1/52 | 23,500 | 23,049 | |
Piedmont Natural Gas Co. Inc. | 5.050% | 5/15/52 | 9,130 | 8,227 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 25,000 | 27,594 | ||
PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 5,710 | 5,543 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/26 | 3,600 | 3,667 | ||
3 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 4,940 | 4,020 | |
3 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 5,390 | 4,145 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 5,940 | 4,889 | ||
3 | San Diego Gas & Electric Co. | 2.950% | 8/15/51 | 714 | 474 | |
San Diego Gas & Electric Co. | 3.700% | 3/15/52 | 29,320 | 21,723 | ||
San Diego Gas & Electric Co. | 5.350% | 4/1/53 | 39,740 | 38,442 | ||
3 | SCE Recovery Funding LLC | 0.861% | 11/15/31 | 7,893 | 6,705 | |
3 | SCE Recovery Funding LLC | 1.942% | 5/15/38 | 3,655 | 2,679 | |
3 | SCE Recovery Funding LLC | 2.510% | 11/15/43 | 3,310 | 2,228 | |
Sempra | 3.250% | 6/15/27 | 80,765 | 75,956 | ||
Sempra | 3.700% | 4/1/29 | 2,295 | 2,138 | ||
Sempra | 6.000% | 10/15/39 | 14,800 | 14,938 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 7,857 | 7,442 | ||
3 | Southern California Edison Co. | 3.700% | 8/1/25 | 3,315 | 3,238 | |
5 | Southern California Edison Co. | 5.150% | 6/1/29 | 32,950 | 32,973 | |
Southern California Edison Co. | 5.950% | 11/1/32 | 30,370 | 31,650 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 7,695 | 8,019 | ||
3 | Southern California Edison Co. | 5.550% | 1/15/37 | 50,475 | 50,230 | |
3 | Southern California Edison Co. | 5.950% | 2/1/38 | 40,000 | 40,987 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 1,980 | 2,039 | ||
Southern California Edison Co. | 4.650% | 10/1/43 | 3,255 | 2,849 | ||
Southern California Edison Co. | 4.000% | 4/1/47 | 6,530 | 5,079 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Southern California Edison Co. | 4.125% | 3/1/48 | 11,495 | 9,171 | |
3 | Southern California Edison Co. | 4.875% | 3/1/49 | 2,985 | 2,649 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 5,405 | 3,954 | ||
Southern California Edison Co. | 5.700% | 3/1/53 | 6,815 | 6,758 | ||
Southern California Edison Co. | 5.875% | 12/1/53 | 7,292 | 7,410 | ||
5 | Southern California Edison Co. | 5.750% | 4/15/54 | 8,485 | 8,433 | |
Southern California Gas Co. | 6.350% | 11/15/52 | 17,580 | 19,258 | ||
Southern Co. | 3.250% | 7/1/26 | 30,885 | 29,544 | ||
Southern Co. | 4.400% | 7/1/46 | 41,137 | 34,693 | ||
Southern Co. Gas Capital Corp. | 5.750% | 9/15/33 | 6,670 | 6,831 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 6,310 | 5,265 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 9,800 | 10,138 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 3,756 | 2,686 | ||
Tampa Electric Co. | 4.900% | 3/1/29 | 8,065 | 8,018 | ||
6 | Texas Electric Market Stabilization Funding N LLC | 4.966% | 2/1/42 | 39,235 | 38,059 | |
6 | Texas Electric Market Stabilization Funding N LLC | 5.057% | 8/1/46 | 18,860 | 17,846 | |
6 | Texas Electric Market Stabilization Funding N LLC | 5.167% | 2/1/50 | 17,640 | 17,539 | |
Tucson Electric Power Co. | 5.500% | 4/15/53 | 6,825 | 6,681 | ||
Union Electric Co. | 4.000% | 4/1/48 | 14,316 | 11,262 | ||
Union Electric Co. | 3.900% | 4/1/52 | 8,575 | 6,674 | ||
Union Electric Co. | 5.450% | 3/15/53 | 8,045 | 7,875 | ||
3 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 16,025 | 15,338 | |
3 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 1,740 | 1,804 | |
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 17,280 | 17,746 | ||
Wisconsin Public Service Corp. | 6.080% | 12/1/28 | 45,000 | 45,823 | ||
3,422,000 | ||||||
Total Corporate Bonds (Cost $26,408,207) | 24,173,544 | |||||
Sovereign Bonds (0.5%) | ||||||
3,6 | Bermuda | 2.375% | 8/20/30 | 18,130 | 15,163 | |
3,6 | Bermuda | 3.375% | 8/20/50 | 6,835 | 4,561 | |
3,6 | Corp. Nacional del Cobre de Chile | 3.700% | 1/30/50 | 20,705 | 13,970 | |
Equinor ASA | 2.875% | 4/6/25 | 4,775 | 4,662 | ||
Equinor ASA | 3.125% | 4/6/30 | 80,155 | 73,081 | ||
3,6 | Kingdom of Saudi Arabia | 5.000% | 1/16/34 | 34,704 | 34,088 | |
3,6 | Kingdom of Saudi Arabia | 5.000% | 1/18/53 | 39,870 | 35,169 | |
3,6 | Kingdom of Saudi Arabia | 5.750% | 1/16/54 | 53,094 | 51,356 | |
3,6 | NBN Co. Ltd. | 1.625% | 1/8/27 | 26,265 | 23,848 | |
3,6 | NBN Co. Ltd. | 2.625% | 5/5/31 | 37,954 | 32,179 | |
3,6 | NBN Co. Ltd. | 2.500% | 1/8/32 | 77,087 | 63,635 | |
6 | OMERS Finance Trust | 4.000% | 4/20/28 | 18,090 | 17,529 | |
3,6 | Qatar Energy | 2.250% | 7/12/31 | 31,765 | 26,413 | |
3,6 | Qatar Energy | 3.125% | 7/12/41 | 23,200 | 17,033 | |
3 | Republic of Chile | 2.550% | 7/27/33 | 36,780 | 29,739 | |
3 | Republic of Chile | 3.500% | 1/31/34 | 20,300 | 17,658 | |
Republic of Chile | 3.500% | 4/15/53 | 20,175 | 14,598 | ||
3,6 | Saudi Arabian Oil Co. | 3.500% | 4/16/29 | 28,670 | 26,623 | |
3,6 | State of Qatar | 3.375% | 3/14/24 | 3,360 | 3,353 | |
3,6 | State of Qatar | 4.400% | 4/16/50 | 14,035 | 12,282 | |
3,6 | UAE International Government Bond | 4.951% | 7/7/52 | 13,725 | 12,916 | |
3 | United Mexican States | 6.338% | 5/4/53 | 27,000 | 26,378 | |
3 | United Mexican States | 6.400% | 5/7/54 | 35,375 | 34,903 | |
Total Sovereign Bonds (Cost $664,574) | 591,137 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Taxable Municipal Bonds (1.6%) | ||||||
Alabama Federal Aid Highway Finance Authority SO Revenue | 2.650% | 9/1/37 | 4,935 | 3,875 | ||
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) | 6.918% | 4/1/40 | 19,615 | 22,304 | ||
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) | 6.263% | 4/1/49 | 1,965 | 2,241 | ||
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) | 7.043% | 4/1/50 | 26,165 | 31,919 | ||
Broward County FL Airport System Revenue | 3.477% | 10/1/43 | 10,370 | 8,403 | ||
California GO | 7.350% | 11/1/39 | 56,970 | 66,960 | ||
California GO | 5.875% | 10/1/41 | 29,515 | 30,430 | ||
California Health Facilities Financing Authority Revenue | 4.190% | 6/1/37 | 4,380 | 4,072 | ||
California State University Systemwide Revenue | 2.719% | 11/1/52 | 12,090 | 8,158 | ||
California State University Systemwide Revenue | 2.939% | 11/1/52 | 15,225 | 10,438 | ||
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue | 6.899% | 12/1/40 | 31,976 | 35,539 | ||
Chicago IL Transit Authority Sales & Transfer Tax Receipts Revenue | 6.899% | 12/1/40 | 54,604 | 60,687 | ||
Chicago IL Transit Authority Sales Tax Receipts Revenue | 6.200% | 12/1/40 | 2,260 | 2,417 | ||
Dallas-Fort Worth TX International Airport Revenue | 3.089% | 11/1/40 | 7,405 | 5,869 | ||
Dallas-Fort Worth TX International Airport Revenue | 2.843% | 11/1/46 | 18,860 | 13,745 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.087% | 11/1/51 | 2,695 | 2,291 | ||
Dallas-Fort Worth TX International Airport Revenue | 4.507% | 11/1/51 | 17,490 | 15,896 | ||
Florida State Board of Administration Finance Corp. Revenue | 1.705% | 7/1/27 | 29,555 | 26,598 | ||
8 | Foothill-Eastern Transportation Corridor Agency CA Toll Road Revenue | 3.924% | 1/15/53 | 11,545 | 9,272 | |
Georgia Municipal Electric Power Authority Revenue | 6.637% | 4/1/57 | 69,008 | 77,797 | ||
Golden State Tobacco Securitization Corp. California Revenue | 2.746% | 6/1/34 | 2,430 | 2,039 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.293% | 6/1/42 | 4,645 | 3,535 | ||
Golden State Tobacco Securitization Corp. California Revenue | 3.000% | 6/1/46 | 9,015 | 8,309 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 5.184% | 10/1/42 | 5,645 | 5,657 | ||
Grand Parkway Transportation Corp. Texas System Toll Revenue | 3.236% | 10/1/52 | 28,900 | 21,013 | ||
Houston TX GO | 6.290% | 3/1/32 | 13,735 | 14,425 | ||
Illinois GO | 5.100% | 6/1/33 | 205,260 | 202,134 | ||
Illinois Toll Highway Authority Revenue | 6.184% | 1/1/34 | 29,200 | 31,421 | ||
JobsOhio Beverage System OH Statewide Liquor Profits Revenue | 4.433% | 1/1/33 | 11,150 | 11,018 | ||
JobsOhio Beverage System OH Statewide Liquor Profits Revenue | 2.833% | 1/1/38 | 5,480 | 4,424 | ||
Kansas Development Finance Authority Revenue | 4.927% | 4/15/45 | 7,745 | 7,430 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
9 | Kansas Development Finance Authority Revenue | 2.774% | 5/1/51 | 15,140 | 10,473 | |
8 | Kansas Development Finance Authority Revenue (Employees Retirement System) | 5.501% | 5/1/34 | 50,000 | 51,329 | |
Louisville & Jefferson County KY Metropolitan Sewer District Sewer & Drainage System Revenue | 6.250% | 5/15/43 | 19,000 | 20,994 | ||
Maryland Transportation Authority Facilities Projects Revenue | 5.888% | 7/1/43 | 18,985 | 19,556 | ||
Massachusetts School Building Authority Dedicated Sales Tax Revenue | 1.753% | 8/15/30 | 27,675 | 23,745 | ||
Massachusetts School Building Authority Dedicated Sales Tax Revenue | 5.715% | 8/15/39 | 22,105 | 23,108 | ||
Massachusetts School Building Authority Dedicated Sales Tax Revenue | 3.395% | 10/15/40 | 16,520 | 13,629 | ||
Massachusetts School Building Authority Dedicated Sales Tax Revenue | 2.950% | 5/15/43 | 21,350 | 16,130 | ||
Massachusetts SO Revenue | 4.110% | 7/15/31 | 13,017 | 12,797 | ||
Massachusetts Water Resources Authority Revenue | 2.823% | 8/1/41 | 24,550 | 19,123 | ||
Michigan Finance Authority Revenue (Trinity Health Credit Group) | 3.084% | 12/1/34 | 11,320 | 9,760 | ||
New Jersey Turnpike Authority Revenue | 7.414% | 1/1/40 | 30,285 | 36,477 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.200% | 11/15/26 | 1,395 | 1,414 | ||
New York Metropolitan Transportation Authority Revenue (Build America Bonds) | 6.814% | 11/15/40 | 27,295 | 30,131 | ||
New York Metropolitan Transportation Authority Revenue (Climate Bond Certified) | 5.175% | 11/15/49 | 23,665 | 22,505 | ||
New York Metropolitan Transportation Authority Revenue (Dedicated Tax Fund) | 7.336% | 11/15/39 | 10,860 | 13,167 | ||
New York Metropolitan Transportation Authority Revenue (Dedicated Tax Fund) | 6.089% | 11/15/40 | 16,085 | 17,066 | ||
North Texas Tollway Authority System Revenue | 3.011% | 1/1/43 | 14,315 | 10,693 | ||
North Texas Tollway Authority System Revenue | 6.718% | 1/1/49 | 11,035 | 12,915 | ||
Oregon Department of Transportation Highway User Tax Revenue | 5.834% | 11/15/34 | 25,930 | 27,528 | ||
8 | Oregon School Boards Association GO | 5.528% | 6/30/28 | 42,908 | 43,246 | |
9 | Oregon State University General Revenue | 3.424% | 3/1/60 | 28,000 | 20,464 | |
10 | Philadelphia PA Authority for Industrial Development Revenue | 6.550% | 10/15/28 | 66,810 | 70,973 | |
Port Authority of New York & New Jersey Revenue | 5.859% | 12/1/24 | 2,600 | 2,611 | ||
Port Authority of New York & New Jersey Revenue | 5.647% | 11/1/40 | 40 | 42 | ||
Port Authority of New York & New Jersey Revenue | 5.072% | 7/15/53 | 34,900 | 35,042 | ||
Port Authority of New York & New Jersey Revenue | 4.458% | 10/1/62 | 44,055 | 39,239 | ||
Port Authority of New York & New Jersey Revenue | 4.810% | 10/15/65 | 21,985 | 20,870 | ||
Riverside CA Pension Obligation Bonds Revenue | 3.857% | 6/1/45 | 8,775 | 7,530 | ||
Riverside County CA Pension Obligation Bonds Revenue | 3.818% | 2/15/38 | 9,585 | 8,796 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Rutgers State University New Jersey Revenue | 3.270% | 5/1/43 | 11,960 | 9,533 | ||
Sales Tax Securitization Corp. Illinois Revenue | 3.238% | 1/1/42 | 34,905 | 27,887 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.102% | 4/1/35 | 13,630 | 13,724 | ||
Texas Natural Gas Securitization Finance Corp. Revenue (Winter Storm Uri) | 5.169% | 4/1/41 | 20,070 | 20,351 | ||
Texas Transportation Commission GO | 2.562% | 4/1/42 | 7,310 | 5,467 | ||
Texas Transportation Commission State Highway Revenue | 4.000% | 10/1/33 | 12,640 | 11,984 | ||
University of California Regents Medical Center Pooled Revenue | 4.132% | 5/15/32 | 17,265 | 16,398 | ||
University of California Regents Medical Center Pooled Revenue | 6.548% | 5/15/48 | 9,465 | 10,752 | ||
University of California Regents Medical Center Pooled Revenue | 6.583% | 5/15/49 | 15,150 | 17,225 | ||
University of California Regents Medical Center Pooled Revenue | 3.006% | 5/15/50 | 15,445 | 10,537 | ||
University of California Regents Medical Center Pooled Revenue | 4.563% | 5/15/53 | 46,830 | 42,283 | ||
University of California Regents Medical Center Pooled Revenue | 3.256% | 5/15/60 | 26,520 | 18,051 | ||
University of California Revenue | 1.316% | 5/15/27 | 13,075 | 11,786 | ||
University of California Revenue | 1.614% | 5/15/30 | 16,140 | 13,524 | ||
University of California Revenue | 4.765% | 5/15/44 | 5,980 | 5,970 | ||
University of California Revenue | 3.931% | 5/15/45 | 22,370 | 20,395 | ||
University of Michigan Revenue | 2.562% | 4/1/50 | 32,056 | 20,687 | ||
University of Michigan Revenue | 3.504% | 4/1/52 | 7,445 | 5,773 | ||
University of Minnesota Revenue | 4.048% | 4/1/52 | 27,160 | 23,639 | ||
Total Taxable Municipal Bonds (Cost $1,844,852) | 1,697,635 | |||||
Shares | ||||||
Temporary Cash Investments (0.8%) | ||||||
Money Market Fund (0.0%) | ||||||
11 | Vanguard Market Liquidity Fund | 5.400% | 1,476 | 148 | ||
Maturity Date | Face Amount ($000) | |||||
Repurchase Agreements (0.8%) | ||||||
Bank of America Securities, LLC (Dated 2/29/24, Repurchase Value $46,407,000, collateralized by Fannie Mae 2.500%–4.280%, 3/1/42–3/1/52, and Freddie Mac 2.500%–3.500%, 10/1/35–4/1/52, with a value of $47,328,000) | 5.310% | 3/1/24 | 46,400 | 46,400 | ||
Citigroup Global Markets Inc. (Dated 2/29/24, Repurchase Value $21,303,000, collateralized by U.S. Treasury Note/Bond 0.250%, 3/15/24, with a value of $21,726,000) | 5.290% | 3/1/24 | 21,300 | 21,300 | ||
Credit Agricole Securities (USA) Inc. (Dated 2/29/24, Repurchase Value $15,102,000, collateralized by Treasury Inflation Indexed Note/Bond 0.125%, 7/15/30, with a value of $15,402,000) | 5.290% | 3/1/24 | 15,100 | 15,100 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Deutsche Bank Securities, Inc. (Dated 2/29/24, Repurchase Value $85,213,000, collateralized by Ginnie Mae 2.500%–4.000%, 11/20/50–3/20/51, with a value of $86,904,000) | 5.300% | 3/1/24 | 85,200 | 85,200 | ||
HSBC Bank USA (Dated 2/29/24, Repurchase Value $111,916,000, collateralized by Treasury Inflation Indexed Note/Bond 1.000%, 2/15/48, U.S. Treasury Bill 0.000%, 4/16/24–8/1/24, and U.S. Treasury Note/Bond 3.000%–4.375%, 10/31/24–2/15/48, with a value of $114,138,000) | 5.290% | 3/1/24 | 111,900 | 111,900 | ||
HSBC Bank USA (Dated 2/29/24, Repurchase Value $122,518,000, collateralized by Fannie Mae 3.500%–5.500%, 11/1/48–8/1/53, with a value of $124,950,000) | 5.300% | 3/1/24 | 122,500 | 122,500 | ||
JP Morgan Securities LLC (Dated 2/29/24, Repurchase Value $59,009,000, collateralized by U.S. Treasury Bill 0.000%, 4/11/24, and U.S. Treasury Note/Bond 3.250%, 8/31/24, with a value of $60,180,000) | 5.300% | 3/1/24 | 59,000 | 59,000 | ||
Nomura International plc (Dated 2/29/24, Repurchase Value $109,316,000, collateralized by U.S. Treasury Note/Bond 1.875%–4.625%, 9/30/28–6/30/30, with a value of $111,486,000) | 5.290% | 3/1/24 | 109,300 | 109,300 | ||
RBC Capital Markets LLC (Dated 2/29/24, Repurchase Value $21,803,000, collateralized by Freddie Mac 3.000%, 11/1/48, and U.S. Treasury Note/Bond 5.466%, 10/31/24, with a value of $22,236,000) | 5.300% | 3/1/24 | 21,800 | 21,800 | ||
Societe Generale (Dated 2/29/24, Repurchase Value $26,304,000, collateralized by U.S. Treasury Note/Bond 5.571%, 1/31/26, with a value of $26,826,000) | 5.290% | 3/1/24 | 26,300 | 26,300 | ||
TD Securities (USA) LLC (Dated 2/29/24, Repurchase Value $46,407,000, collateralized by Ginnie Mae 2.500%–7.500%, 11/20/51–12/20/53, with a value of $47,328,000) | 5.310% | 3/1/24 | 46,400 | 46,400 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Wells Fargo & Co. (Dated 2/29/24, Repurchase Value $214,632,000, collateralized by Federal Farm Credit Bank 0.000%, 3/12/24–3/26/24, Federal Home Loan Bank 0.000%, 3/15/24–11/1/24, and Freddie Mac 2.000%–8.500%, 11/1/26–2/1/54, with a value of $218,892,000) | 5.310% | 3/1/24 | 214,600 | 214,600 | ||
879,800 | ||||||
Total Temporary Cash Investments (Cost $879,944) | 879,948 | |||||
Total Investments (99.5%) (Cost $82,771,129) | 109,050,463 | |||||
Other Assets and Liabilities—Net (0.5%) | 586,108 | |||||
Net Assets (100%) | 109,636,571 |
Cost is in $000. |
* | Non-income-producing security. |
1 | Securities with a value of $5,773,000 have been segregated as initial margin for recently closed futures contracts. |
2 | Securities with a value of $564,000 have been segregated as collateral for certain open To Be Announced (TBA) transactions. |
3 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
4 | The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock. |
5 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 29, 2024. |
6 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 29, 2024, the aggregate value was $6,866,612,000, representing 6.3% of net assets. |
7 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
8 | Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp. |
9 | Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co. |
10 | Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp. |
11 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
ADR—American Depositary Receipt. | |
DAC—Designated Activity Company. | |
GO—General Obligation Bond. | |
REMICS—Real Estate Mortgage Investment Conduits. | |
SO—Special Obligation. | |
SOFR30A—30 Day Average Secured Overnight Financing Rate. | |
TSFR1M—CME Term Secured Overnight Financing Rate 1-Month. | |
UMBS—Uniform Mortgage-Backed Securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 66,908,547 | 4,777,032 | — | 71,685,579 |
U.S. Government and Agency Obligations | — | 8,914,832 | — | 8,914,832 |
Asset-Backed/Commercial Mortgage-Backed Securities | — | 1,107,788 | — | 1,107,788 |
Corporate Bonds | — | 24,173,544 | — | 24,173,544 |
Sovereign Bonds | — | 591,137 | — | 591,137 |
Taxable Municipal Bonds | — | 1,697,635 | — | 1,697,635 |
Temporary Cash Investments | 148 | 879,800 | — | 879,948 |
Total | 66,908,695 | 42,141,768 | — | 109,050,463 |