Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—96.0%
|
|
|
|
Basic Industry - Chemicals—0.4%
|
|
$90,000
|
|
Albemarle Corp., Sr. Unsecd. Note, 5.450%, 12/1/2044
|
$85,493
|
200,000
|
|
RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029
|
191,016
|
300,000
|
|
RPM International, Inc., Sr. Unsecd. Note, 5.250%, 6/1/2045
|
274,242
|
|
|
TOTAL
|
550,751
|
|
|
Basic Industry - Metals & Mining—1.5%
|
|
600,000
|
1
|
Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031
|
502,577
|
400,000
|
|
Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 3.625%, 9/11/2024
|
390,592
|
235,000
|
|
AngloGold Ashanti Holdings PLC, Sr. Note, 6.500%, 4/15/2040
|
229,989
|
400,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 4/27/2026
|
362,283
|
350,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 2.625%, 9/23/2031
|
287,507
|
200,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 3.375%, 9/23/2051
|
139,436
|
250,000
|
|
Southern Copper Corp., Sr. Unsecd. Note, 6.750%, 4/16/2040
|
279,443
|
|
|
TOTAL
|
2,191,827
|
|
|
Basic Industry - Paper—0.1%
|
|
100,000
|
|
Weyerhaeuser Co., Sr. Unsecd. Note, 7.375%, 3/15/2032
|
115,005
|
|
|
Capital Goods - Aerospace & Defense—5.0%
|
|
230,000
|
|
BAE Systems Holdings, Inc., Sr. Unsecd. Note, 144A, 3.850%, 12/15/2025
|
223,206
|
500,000
|
|
BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.000%, 9/15/2050
|
349,991
|
360,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.196%, 2/4/2026
|
334,172
|
300,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027
|
276,561
|
995,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.950%, 2/1/2030
|
879,007
|
425,000
|
|
Boeing Co., Sr. Unsecd. Note, 3.250%, 2/1/2035
|
347,472
|
745,000
|
|
Boeing Co., Sr. Unsecd. Note, 3.950%, 8/1/2059
|
548,591
|
175,000
|
|
Boeing Co., Sr. Unsecd. Note, 5.705%, 5/1/2040
|
177,212
|
360,000
|
|
Embraer Netherlands BV, Sr. Unsecd. Note, 5.050%, 6/15/2025
|
348,511
|
170,000
|
|
Hexcel Corp., Sr. Unsecd. Note, 4.200%, 2/15/2027
|
161,488
|
740,000
|
|
Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027
|
694,007
|
200,000
|
|
Leidos, Inc., Sr. Unsecd. Note, 5.750%, 3/15/2033
|
204,522
|
125,000
|
|
Leidos, Inc., Sr. Unsecd. Note, Series WI, 3.625%, 5/15/2025
|
121,829
|
350,000
|
|
Leidos, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 5/15/2030
|
329,893
|
500,000
|
|
Northrop Grumman Corp., Sr. Unsecd. Note, 4.700%, 3/15/2033
|
505,424
|
600,000
|
|
Raytheon Technologies Corp., Sr. Unsecd. Note, 4.125%, 11/16/2028
|
591,970
|
350,000
|
|
Raytheon Technologies Corp., Sr. Unsecd. Note, 4.150%, 5/15/2045
|
306,392
|
280,000
|
|
Raytheon Technologies Corp., Sr. Unsecd. Note, 5.150%, 2/27/2033
|
291,558
|
136,000
|
2
|
Textron Financial Corp., Jr. Sub. Note, 144A, 6.599% (3-month USLIBOR +1.735%), 2/15/2042
|
103,181
|
370,000
|
|
Textron, Inc., Sr. Unsecd. Note, 2.450%, 3/15/2031
|
312,229
|
50,000
|
|
Textron, Inc., Sr. Unsecd. Note, 4.300%, 3/1/2024
|
49,472
|
|
|
TOTAL
|
7,156,688
|
|
|
Capital Goods - Building Materials—0.8%
|
|
100,000
|
|
Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029
|
90,472
|
125,000
|
|
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024
|
121,407
|
620,000
|
|
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.550%, 10/1/2027
|
579,601
|
235,000
|
|
Carrier Global Corp., Sr. Unsecd. Note, 2.700%, 2/15/2031
|
202,278
|
170,000
|
|
Masco Corp., Sr. Unsecd. Note, 4.500%, 5/15/2047
|
142,879
|
|
|
TOTAL
|
1,136,637
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Capital Goods - Construction Machinery—1.3%
|
|
$205,000
|
|
Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033
|
$202,761
|
450,000
|
|
CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026
|
403,328
|
445,000
|
|
CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027
|
427,691
|
895,000
|
|
Weir Group PLC/The, Sr. Unsecd. Note, 144A, 2.200%, 5/13/2026
|
806,888
|
|
|
TOTAL
|
1,840,668
|
|
|
Capital Goods - Diversified Manufacturing—1.6%
|
|
155,000
|
|
Otis Worldwide Corp., Sr. Unsecd. Note, Series WI, 2.565%, 2/15/2030
|
136,007
|
300,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 1.400%, 9/15/2027
|
260,300
|
110,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 2.950%, 9/15/2029
|
98,852
|
60,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 3.850%, 12/15/2025
|
58,688
|
245,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 4.200%, 9/15/2028
|
241,092
|
80,000
|
|
Valmont Industries, Inc., Sr. Unsecd. Note, 5.000%, 10/1/2044
|
71,674
|
390,000
|
|
Valmont Industries, Inc., Sr. Unsecd. Note, 5.250%, 10/1/2054
|
356,914
|
335,000
|
|
Vontier Corp., Sr. Unsecd. Note, Series WI, 1.800%, 4/1/2026
|
296,952
|
500,000
|
|
Vontier Corp., Sr. Unsecd. Note, Series WI, 2.950%, 4/1/2031
|
400,695
|
160,000
|
|
Wabtec Corp., Sr. Unsecd. Note, 3.200%, 6/15/2025
|
152,879
|
285,000
|
|
Xylem, Inc., Sr. Unsecd. Note, 2.250%, 1/30/2031
|
238,077
|
|
|
TOTAL
|
2,312,130
|
|
|
Capital Goods - Packaging—0.4%
|
|
180,000
|
|
Packaging Corp., of America, Sr. Unsecd. Note, 3.650%, 9/15/2024
|
177,137
|
220,000
|
|
Sonoco Products Co., Sr. Unsecd. Note, 5.750%, 11/1/2040
|
225,058
|
150,000
|
|
WestRock Co., Sr. Unsecd. Note, Series WI, 4.000%, 3/15/2028
|
143,486
|
|
|
TOTAL
|
545,681
|
|
|
Communications - Cable & Satellite—2.0%
|
|
440,000
|
|
CCO Safari II LLC, 6.484%, 10/23/2045
|
417,330
|
600,000
|
|
Charter Communications, Inc., 4.200%, 3/15/2028
|
568,227
|
380,000
|
|
Charter Communications Operating LLC, 5.375%, 5/1/2047
|
313,893
|
250,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, 3.850%, 4/1/2061
|
156,189
|
500,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, 4.800%, 3/1/2050
|
381,594
|
865,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Term Loan - 1st Lien,
3.900%, 6/1/2052
|
572,832
|
165,000
|
|
Cox Communications, Inc., Sr. Unsecd. Note, 144A, 3.350%, 9/15/2026
|
157,059
|
300,000
|
|
Time Warner Cable, Inc., Company Guarantee, 5.500%, 9/1/2041
|
259,506
|
|
|
TOTAL
|
2,826,630
|
|
|
Communications - Media & Entertainment—3.3%
|
|
500,000
|
|
Discovery Communications LLC, Sr. Unsecd. Note, 4.650%, 5/15/2050
|
383,061
|
135,000
|
|
Fox Corp., Sr. Unsecd. Note, Series WI, 4.709%, 1/25/2029
|
133,895
|
375,000
|
|
Fox Corp., Sr. Unsecd. Note, Series WI, 5.576%, 1/25/2049
|
358,838
|
950,000
|
|
Grupo Televisa S.A., Sr. Unsecd. Note, 5.000%, 5/13/2045
|
852,140
|
167,000
|
|
Grupo Televisa S.A., Sr. Unsecd. Note, 6.625%, 3/18/2025
|
169,994
|
300,000
|
|
Interpublic Group of Cos., Inc., Sr. Unsecd. Note, 2.400%, 3/1/2031
|
249,235
|
495,000
|
|
Interpublic Group of Cos., Inc., Sr. Unsecd. Note, 3.375%, 3/1/2041
|
373,230
|
850,000
|
|
Netflix, Inc., Sr. Unsecd. Note, 4.875%, 4/15/2028
|
846,515
|
300,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 2.450%, 4/30/2030
|
257,734
|
300,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 2.600%, 8/1/2031
|
254,983
|
200,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 3.650%, 11/1/2024
|
196,065
|
190,000
|
|
Paramount Global, Sr. Unsecd. Note, 3.700%, 6/1/2028
|
172,691
|
475,000
|
|
Paramount Global, Sr. Unsecd. Note, 4.200%, 5/19/2032
|
407,745
|
200,000
|
|
Paramount Global, Sr. Unsecd. Note, 4.900%, 8/15/2044
|
150,789
|
|
|
TOTAL
|
4,806,915
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Communications - Telecom Wireless—4.3%
|
|
$450,000
|
|
American Tower Corp., Sr. Unsecd. Note, 1.450%, 9/15/2026
|
$400,332
|
300,000
|
|
American Tower Corp., Sr. Unsecd. Note, 2.100%, 6/15/2030
|
245,297
|
300,000
|
|
American Tower Corp., Sr. Unsecd. Note, 3.100%, 6/15/2050
|
197,294
|
250,000
|
|
American Tower Corp., Sr. Unsecd. Note, 3.800%, 8/15/2029
|
232,533
|
100,000
|
|
American Tower Corp., Sr. Unsecd. Note, 4.400%, 2/15/2026
|
98,640
|
200,000
|
|
American Tower Corp., Sr. Unsecd. Note, 5.000%, 2/15/2024
|
199,133
|
280,000
|
|
Bell Canada, Sr. Unsecd. Note, 4.464%, 4/1/2048
|
246,538
|
300,000
|
|
Crown Castle Inc., Sr. Unsecd. Note, 2.250%, 1/15/2031
|
248,788
|
400,000
|
|
Crown Castle International Corp., Sr. Unsecd. Note, 4.450%, 2/15/2026
|
395,020
|
200,000
|
|
Crown Castle International Corp., Sr. Unsecd. Note, 5.200%, 2/15/2049
|
187,790
|
300,000
|
|
TELUS Corp., Sr. Unsecd. Note, 2.800%, 2/16/2027
|
280,816
|
415,000
|
|
T-Mobile USA, Inc., Sec. Fac. Bond, 4.500%, 4/15/2050
|
361,773
|
500,000
|
|
T-Mobile USA, Inc., Series WI, 2.700%, 3/15/2032
|
421,477
|
550,000
|
|
T-Mobile USA, Inc., Series WI, 3.000%, 2/15/2041
|
408,204
|
600,000
|
|
T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030
|
563,461
|
670,000
|
|
T-Mobile USA, Inc., Sr. Unsecd. Note, 5.650%, 1/15/2053
|
686,993
|
230,000
|
|
Vodafone Group PLC, Sr. Unsecd. Note, 4.125%, 5/30/2025
|
227,536
|
350,000
|
|
Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050
|
286,420
|
580,000
|
1
|
Vodafone Group PLC, Sr. Unsecd. Note, 5.250%, 5/30/2048
|
560,165
|
|
|
TOTAL
|
6,248,210
|
|
|
Communications - Telecom Wirelines—6.5%
|
|
400,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 1.700%, 3/25/2026
|
368,188
|
877,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033
|
705,907
|
350,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 2.750%, 6/1/2031
|
301,773
|
300,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.500%, 6/1/2041
|
237,018
|
1,000,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.650%, 6/1/2051
|
758,579
|
255,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.850%, 6/1/2060
|
191,438
|
500,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 4.300%, 2/15/2030
|
486,029
|
500,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 4.350%, 3/1/2029
|
489,766
|
400,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 5.450%, 3/1/2047
|
398,729
|
245,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 6.375%, 3/1/2041
|
268,833
|
545,000
|
|
AT&T, Inc., Sr. Unsecd. Note, Series WI, 5.300%, 8/15/2058
|
518,973
|
815,000
|
|
Rogers Communications, Inc., Sr. Unsecd. Note, 144A, 4.500%, 3/15/2042
|
702,917
|
40,000
|
|
Telefonica SA, Company Guarantee, 7.045%, 6/20/2036
|
44,222
|
680,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 1.450%, 3/20/2026
|
625,951
|
400,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031
|
340,929
|
1,785,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 3.400%, 3/22/2041
|
1,420,908
|
30,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.000%, 3/22/2050
|
25,013
|
390,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 8/15/2046
|
333,706
|
750,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 3/16/2027
|
743,864
|
500,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, Series WI, 1.680%, 10/30/2030
|
403,835
|
|
|
TOTAL
|
9,366,578
|
|
|
Consumer Cyclical - Automotive—4.7%
|
|
650,000
|
|
Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.000%, 12/14/2026
|
585,724
|
175,000
|
|
Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.375%, 12/14/2028
|
151,048
|
200,000
|
|
General Motors Co., Sr. Unsecd. Note, 4.000%, 4/1/2025
|
195,100
|
455,000
|
|
General Motors Co., Sr. Unsecd. Note, 5.200%, 4/1/2045
|
383,862
|
110,000
|
|
General Motors Co., Sr. Unsecd. Note, 6.750%, 4/1/2046
|
111,411
|
750,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 1.500%, 6/10/2026
|
667,915
|
750,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028
|
655,371
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Consumer Cyclical - Automotive—continued
|
|
$50,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.700%, 8/20/2027
|
$44,782
|
400,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 3.950%, 4/13/2024
|
394,208
|
250,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 4.300%, 7/13/2025
|
244,285
|
300,000
|
|
General Motors Financial Co., Inc., Unsecd. Note, 3.500%, 11/7/2024
|
292,413
|
600,000
|
|
Hyundai Capital America, Sr. Unsecd. Note, 144A, 1.000%, 9/17/2024
|
562,715
|
380,000
|
|
Hyundai Capital America, Sr. Unsecd. Note, 144A, 2.000%, 6/15/2028
|
321,698
|
1,200,000
|
|
Nissan Motor Acceptance Company LLC, Sr. Unsecd. Note, 144A, 1.850%, 9/16/2026
|
1,039,366
|
400,000
|
|
Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 1.711%, 1/29/2027
|
354,130
|
400,000
|
|
Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 2.691%, 9/15/2031
|
323,383
|
470,000
|
|
Stellantis N.V., Sr. Unsecd. Note, 5.250%, 4/15/2023
|
470,486
|
|
|
TOTAL
|
6,797,897
|
|
|
Consumer Cyclical - Leisure—0.8%
|
|
300,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 6.412%, 3/15/2026
|
301,606
|
500,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 144A, 4.279%, 3/15/2032
|
446,759
|
510,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 144A, 5.050%, 3/15/2042
|
427,043
|
|
|
TOTAL
|
1,175,408
|
|
|
Consumer Cyclical - Retailers—3.2%
|
|
150,000
|
|
Advance Auto Parts, Inc., Sr. Unsecd. Note, 1.750%, 10/1/2027
|
129,635
|
675,000
|
|
Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030
|
615,549
|
600,000
|
|
Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 3.800%, 1/25/2050
|
445,413
|
130,000
|
|
AutoNation, Inc., Sr. Unsecd. Note, 4.500%, 10/1/2025
|
127,151
|
185,000
|
|
AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030
|
174,043
|
55,000
|
|
AutoZone, Inc., Sr. Unsecd. Note, 3.125%, 4/21/2026
|
52,634
|
345,000
|
|
AutoZone, Inc., Sr. Unsecd. Note, 4.000%, 4/15/2030
|
328,058
|
400,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 2.875%, 6/1/2026
|
380,306
|
50,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 3.875%, 7/20/2025
|
49,125
|
880,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 5.050%, 3/25/2048
|
824,093
|
520,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 5.125%, 7/20/2045
|
493,753
|
300,000
|
1
|
Dollar General Corp., Sr. Unsecd. Note, 4.125%, 5/1/2028
|
292,239
|
610,000
|
|
O’Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031
|
490,914
|
160,000
|
|
O’Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030
|
154,033
|
|
|
TOTAL
|
4,556,946
|
|
|
Consumer Non-Cyclical - Food/Beverage—6.5%
|
|
1,000,000
|
|
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.900%, 2/1/2046
|
978,544
|
100,000
|
|
Anheuser-Busch InBev Finance, Inc., Sr. Unsecd. Note, 4.900%, 2/1/2046
|
97,854
|
300,000
|
|
Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.350%, 6/1/2040
|
278,898
|
500,000
|
|
Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.439%, 10/6/2048
|
456,815
|
500,000
|
|
Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.750%, 1/23/2029
|
510,891
|
125,000
|
|
Bacardi Ltd., Sr. Unsecd. Note, 144A, 2.750%, 7/15/2026
|
115,822
|
650,000
|
|
Coca-Cola European Partners PLC, Sr. Unsecd. Note, 144A, 1.500%, 1/15/2027
|
580,153
|
710,000
|
|
Conagra Brands, Inc., Sr. Unsecd. Note, 1.375%, 11/1/2027
|
609,771
|
250,000
|
|
Constellation Brands, Inc., Sr. Unsecd. Note, 5.250%, 11/15/2048
|
241,685
|
135,000
|
|
Flowers Foods, Inc., Sr. Unsecd. Note, 2.400%, 3/15/2031
|
112,833
|
210,000
|
|
Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026
|
201,344
|
445,000
|
|
General Mills, Inc., Sr. Unsecd. Note, 3.000%, 2/1/2051
|
325,151
|
200,000
|
|
Grupo Bimbo S.A.B. de CV, Sr. Unsecd. Note, 144A, 3.875%, 6/27/2024
|
196,368
|
150,000
|
|
Heineken NV, Sr. Unsecd. Note, 144A, 4.350%, 3/29/2047
|
132,365
|
110,000
|
|
International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 1.832%, 10/15/2027
|
93,452
|
300,000
|
|
International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 2.300%, 11/1/2030
|
240,969
|
255,000
|
|
JDE Peet’s B.V., Sr. Unsecd. Note, 144A, 0.800%, 9/24/2024
|
237,761
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Consumer Non-Cyclical - Food/Beverage—continued
|
|
$250,000
|
|
Kerry Group Financial Services, Sr. Unsecd. Note, 144A, 3.200%, 4/9/2023
|
$249,878
|
53,000
|
|
Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 4.417%, 5/25/2025
|
52,360
|
750,000
|
|
Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046
|
654,064
|
190,000
|
|
McCormick & Co., Inc., Sr. Unsecd. Note, 1.850%, 2/15/2031
|
152,335
|
250,000
|
|
McCormick & Co., Inc., Sr. Unsecd. Note, 3.400%, 8/15/2027
|
237,256
|
500,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031
|
378,283
|
300,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030
|
239,585
|
300,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027
|
279,461
|
350,000
|
|
Smucker (J.M.) Co., Sr. Unsecd. Note, 2.375%, 3/15/2030
|
302,094
|
300,000
|
|
Smucker (J.M.) Co., Sr. Unsecd. Note, 3.500%, 3/15/2025
|
292,766
|
400,000
|
|
Sysco Corp., Sr. Unsecd. Note, 4.450%, 3/15/2048
|
347,489
|
200,000
|
|
Tyson Foods, Inc., 3.950%, 8/15/2024
|
197,445
|
585,000
|
|
Tyson Foods, Inc., Sr. Unsecd. Note, 3.550%, 6/2/2027
|
558,275
|
|
|
TOTAL
|
9,351,967
|
|
|
Consumer Non-Cyclical - Health Care—1.9%
|
|
350,000
|
|
Alcon Finance Corp., Sr. Unsecd. Note, 144A, 2.600%, 5/27/2030
|
301,776
|
220,000
|
|
Alcon Finance Corp., Sr. Unsecd. Note, 144A, 3.000%, 9/23/2029
|
199,394
|
55,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 3.734%, 12/15/2024
|
53,801
|
300,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 4.669%, 6/6/2047
|
280,781
|
179,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 4.685%, 12/15/2044
|
166,789
|
295,000
|
|
Danaher Corp., Sr. Unsecd. Note, 2.600%, 10/1/2050
|
202,084
|
145,000
|
|
GE Healthcare Holding LLC, Sr. Unsecd. Note, 144A, 6.377%, 11/22/2052
|
162,310
|
1,500,000
|
|
HCA, Inc., Sec. Fac. Bond, 3.500%, 7/15/2051
|
1,037,805
|
335,000
|
|
PerkinElmer, Inc., Sr. Unsecd. Note, 0.850%, 9/15/2024
|
314,655
|
|
|
TOTAL
|
2,719,395
|
|
|
Consumer Non-Cyclical - Pharmaceuticals—3.7%
|
|
955,000
|
|
AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029
|
886,628
|
750,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 2.450%, 2/21/2030
|
654,178
|
980,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2033
|
1,007,387
|
970,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 5.650%, 3/2/2053
|
1,010,465
|
185,000
|
|
AstraZeneca PLC, Sr. Unsecd. Note, 1.375%, 8/6/2030
|
150,896
|
300,000
|
|
Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.625%, 6/25/2038
|
274,942
|
300,000
|
|
Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.875%, 6/25/2048
|
269,365
|
600,000
|
|
Biogen, Inc., Sr. Unsecd. Note, 3.150%, 5/1/2050
|
418,367
|
375,000
|
|
Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 2.050%, 3/31/2030
|
316,792
|
500,000
|
|
Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 3.025%, 7/9/2040
|
381,995
|
|
|
TOTAL
|
5,371,015
|
|
|
Consumer Non-Cyclical - Supermarkets—0.4%
|
|
300,000
|
|
Kroger Co., Bond, 6.900%, 4/15/2038
|
343,787
|
250,000
|
|
Kroger Co., Sr. Unsecd. Note, 3.950%, 1/15/2050
|
204,506
|
|
|
TOTAL
|
548,293
|
|
|
Consumer Non-Cyclical - Tobacco—1.7%
|
|
500,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 3.700%, 2/4/2051
|
338,001
|
650,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 3.875%, 9/16/2046
|
468,582
|
200,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 4.800%, 2/14/2029
|
198,536
|
325,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, 2.259%, 3/25/2028
|
278,877
|
500,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, Series WI, 3.557%, 8/15/2027
|
465,141
|
200,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, Series WI, 4.540%, 8/15/2047
|
149,205
|
300,000
|
|
Reynolds American, Inc., Sr. Unsecd. Note, 5.850%, 8/15/2045
|
270,907
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Consumer Non-Cyclical - Tobacco—continued
|
|
$300,000
|
|
Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041
|
$308,759
|
|
|
TOTAL
|
2,478,008
|
|
|
Energy - Independent—1.9%
|
|
250,000
|
|
Canadian Natural Resources Ltd., Sr. Unsecd. Note, 2.050%, 7/15/2025
|
233,730
|
590,000
|
|
Canadian Natural Resources Ltd., Sr. Unsecd. Note, 3.800%, 4/15/2024
|
580,355
|
390,000
|
|
Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 5/15/2027
|
372,488
|
175,000
|
|
Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 3/15/2029
|
166,564
|
190,000
|
|
Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2033
|
200,909
|
685,000
|
|
Hess Corp., Sr. Unsecd. Note, 5.600%, 2/15/2041
|
661,319
|
200,000
|
|
Marathon Oil Corp., Sr. Unsecd. Note, 4.400%, 7/15/2027
|
193,910
|
500,000
|
|
Pioneer Natural Resources, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2031
|
410,943
|
|
|
TOTAL
|
2,820,218
|
|
|
Energy - Integrated—1.1%
|
|
605,000
|
|
Cenovus Energy, Inc., Sr. Unsecd. Note, 3.750%, 2/15/2052
|
441,422
|
300,000
|
|
Cenovus Energy, Inc., Sr. Unsecd. Note, 4.250%, 4/15/2027
|
291,651
|
240,000
|
|
Husky Energy, Inc., Sr. Unsecd. Note, 4.400%, 4/15/2029
|
224,813
|
100,000
|
|
Petro-Canada, Bond, 5.350%, 7/15/2033
|
96,163
|
130,000
|
|
Petroleos Mexicanos, Sr. Unsecd. Note, 6.500%, 3/13/2027
|
118,257
|
500,000
|
|
Suncor Energy, Inc., Sr. Unsecd. Note, 3.750%, 3/4/2051
|
380,159
|
|
|
TOTAL
|
1,552,465
|
|
|
Energy - Midstream—6.1%
|
|
130,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031
|
113,229
|
165,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.600%, 9/1/2032
|
142,038
|
400,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029
|
392,584
|
100,000
|
|
Columbia Pipeline Group, Inc., Sr. Unsecd. Note, 4.500%, 6/1/2025
|
98,773
|
100,000
|
|
Columbia Pipeline Group, Inc., Sr. Unsecd. Note, 5.800%, 6/1/2045
|
101,201
|
50,000
|
|
Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.000%, 11/15/2029
|
44,593
|
65,000
|
|
Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.900%, 11/15/2049
|
49,375
|
725,000
|
|
Energy Transfer Operating, Sr. Unsecd. Note, 5.000%, 5/15/2050
|
619,938
|
250,000
|
|
Energy Transfer Partners LP, Sr. Unsecd. Note, 5.300%, 4/15/2047
|
219,527
|
250,000
|
|
Energy Transfer Partners LP, Sr. Unsecd. Note, 6.125%, 12/15/2045
|
242,137
|
550,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 3.700%, 1/31/2051
|
426,480
|
200,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 4.250%, 2/15/2048
|
170,627
|
500,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 4.850%, 3/15/2044
|
464,661
|
400,000
|
|
Kinder Morgan Energy Partners LP, 4.250%, 9/1/2024
|
395,514
|
495,000
|
|
Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 6.375%, 3/1/2041
|
512,229
|
300,000
|
|
Kinder Morgan, Inc., 5.050%, 2/15/2046
|
265,072
|
300,000
|
|
Kinder Morgan, Inc., Sr. Unsecd. Note, 4.300%, 3/1/2028
|
294,983
|
350,000
|
|
MPLX LP, Sr. Unsecd. Note, 2.650%, 8/15/2030
|
297,017
|
395,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027
|
383,204
|
200,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.900%, 4/15/2058
|
166,933
|
500,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.950%, 3/14/2052
|
435,498
|
80,000
|
|
MPLX LP, Sr. Unsecd. Note, Series WI, 4.250%, 12/1/2027
|
77,523
|
400,000
|
|
ONEOK, Inc., Sr. Unsecd. Note, 3.100%, 3/15/2030
|
349,910
|
500,000
|
|
ONEOK, Inc., Sr. Unsecd. Note, 4.950%, 7/13/2047
|
419,834
|
600,000
|
|
Plains All American Pipeline LP, Sr. Unsecd. Note, 5.150%, 6/1/2042
|
506,410
|
180,000
|
|
Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033
|
162,049
|
350,000
|
|
Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033
|
362,630
|
290,000
|
|
TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027
|
280,269
|
290,000
|
|
Williams Partners LP, Sr. Unsecd. Note, 3.900%, 1/15/2025
|
284,457
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Energy - Midstream—continued
|
|
$650,000
|
|
Williams Partners LP, Sr. Unsecd. Note, 4.900%, 1/15/2045
|
$573,639
|
|
|
TOTAL
|
8,852,334
|
|
|
Energy - Refining—1.5%
|
|
200,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 3.625%, 9/15/2024
|
197,080
|
225,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044
|
194,245
|
150,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 6.500%, 3/1/2041
|
160,297
|
245,000
|
|
Phillips 66, Sr. Unsecd. Note, 1.300%, 2/15/2026
|
221,989
|
565,000
|
|
Phillips 66, Sr. Unsecd. Note, 4.875%, 11/15/2044
|
529,321
|
400,000
|
|
Valero Energy Corp., Sr. Unsecd. Note, 2.800%, 12/1/2031
|
336,608
|
140,000
|
|
Valero Energy Corp., Sr. Unsecd. Note, 4.000%, 4/1/2029
|
135,105
|
400,000
|
1
|
Valero Energy Corp., Sr. Unsecd. Note, 4.900%, 3/15/2045
|
366,794
|
|
|
TOTAL
|
2,141,439
|
|
|
Financial Institution - Banking—7.4%
|
|
410,000
|
|
Associated Banc-Corp., Sub. Note, 4.250%, 1/15/2025
|
392,584
|
400,000
|
|
Bank of America Corp., Sr. Unsecd. Note, 2.299%, 7/21/2032
|
322,662
|
200,000
|
|
Bank of America Corp., Sub. Note, Series L, 3.950%, 4/21/2025
|
193,655
|
575,000
|
|
Bank of America Corp., Sub. Note, Series L, 4.183%, 11/25/2027
|
556,156
|
800,000
|
|
Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025
|
782,198
|
500,000
|
|
Capital One Financial Corp., Sr. Unsecd. Note, 3.750%, 3/9/2027
|
455,446
|
255,000
|
|
Capital One Financial Corp., Sr. Unsecd. Note, 3.900%, 1/29/2024
|
250,586
|
400,000
|
|
Capital One Financial Corp., Sr. Unsecd. Note, 5.817%, 2/1/2034
|
386,895
|
480,000
|
|
Citigroup, Inc., 4.125%, 7/25/2028
|
453,632
|
250,000
|
|
Citigroup, Inc., 5.500%, 9/13/2025
|
249,794
|
750,000
|
|
Citigroup, Inc., Sub. Note, 3.875%, 3/26/2025
|
727,077
|
450,000
|
|
Citigroup, Inc., Sub. Note, 4.450%, 9/29/2027
|
436,703
|
580,000
|
|
Citizens Financial Group, Inc., Sub. Note, 2.638%, 9/30/2032
|
416,234
|
200,000
|
|
Comerica, Inc., 3.800%, 7/22/2026
|
172,334
|
200,000
|
|
Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025
|
193,515
|
120,000
|
|
Fifth Third Bancorp, Sr. Unsecd. Note, 3.650%, 1/25/2024
|
117,125
|
200,000
|
|
Fifth Third Bancorp, Sr. Unsecd. Note, 3.950%, 3/14/2028
|
180,723
|
370,000
|
|
FNB Corp. (PA), Sr. Unsecd. Note, 5.150%, 8/25/2025
|
347,141
|
500,000
|
1
|
Goldman Sachs Group, Inc., 5.950%, 1/15/2027
|
515,365
|
400,000
|
|
Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series DMTN, 2.383%, 7/21/2032
|
325,018
|
900,000
|
|
Goldman Sachs Group, Inc., Sub. Note, 4.250%, 10/21/2025
|
874,070
|
750,000
|
|
Huntington National Bank, Sr. Unsecd. Note, 4.552%, 5/17/2028
|
707,762
|
400,000
|
|
Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032
|
321,234
|
450,000
|
|
Morgan Stanley, Sub. Note, 5.000%, 11/24/2025
|
446,454
|
750,000
|
|
Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028
|
673,775
|
200,000
|
|
Truist Bank, Sub. Note, Series BKNT, 3.300%, 5/15/2026
|
184,374
|
|
|
TOTAL
|
10,682,512
|
|
|
Financial Institution - Broker/Asset Mgr/Exchange—0.8%
|
|
575,000
|
|
Jefferies Group LLC, Sr. Unsecd. Note, 2.750%, 10/15/2032
|
444,220
|
200,000
|
|
Raymond James Financial, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2030
|
195,698
|
200,000
|
|
Stifel Financial Corp., Sr. Unsecd. Note, 4.000%, 5/15/2030
|
175,855
|
300,000
|
|
Stifel Financial Corp., Sr. Unsecd. Note, 4.250%, 7/18/2024
|
295,738
|
|
|
TOTAL
|
1,111,511
|
|
|
Financial Institution - Finance Companies—2.0%
|
|
500,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 2.450%, 10/29/2026
|
449,377
|
525,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%, 10/29/2028
|
458,719
|
1,300,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.400%, 10/29/2033
|
1,057,310
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Financial Institution - Finance Companies—continued
|
|
$505,000
|
|
Air Lease Corp., Sr. Unsecd. Note, 2.200%, 1/15/2027
|
$447,911
|
500,000
|
|
Air Lease Corp., Sr. Unsecd. Note, 2.875%, 1/15/2032
|
413,467
|
|
|
TOTAL
|
2,826,784
|
|
|
Financial Institution - Insurance - Health—0.3%
|
|
271,000
|
|
CIGNA Corp., Sr. Unsecd. Note, 3.750%, 7/15/2023
|
269,709
|
250,000
|
|
CIGNA Corp., Sr. Unsecd. Note, 4.900%, 12/15/2048
|
235,466
|
|
|
TOTAL
|
505,175
|
|
|
Financial Institution - Insurance - Life—0.6%
|
|
255,000
|
|
American International Group, Inc., Sr. Unsecd. Note, 4.125%, 2/15/2024
|
251,611
|
110,000
|
|
Lincoln National Corp., Sr. Note, 7.000%, 6/15/2040
|
117,937
|
400,000
|
|
Lincoln National Corp., Sr. Unsecd. Note, 3.050%, 1/15/2030
|
329,097
|
100,000
|
|
MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039
|
129,939
|
50,000
|
|
Penn Mutual Life Insurance Co., Sr. Note, 144A, 7.625%, 6/15/2040
|
55,710
|
|
|
TOTAL
|
884,294
|
|
|
Financial Institution - Insurance - P&C—0.7%
|
|
500,000
|
|
CNA Financial Corp., Sr. Unsecd. Note, 3.900%, 5/1/2029
|
472,901
|
120,000
|
|
Hartford Financial Services Group, Inc., Sr. Unsecd. Note, 6.625%, 4/15/2042
|
129,412
|
412,000
|
|
Liberty Mutual Group, Inc., Sr. Unsecd. Note, 144A, 4.569%, 2/1/2029
|
397,263
|
|
|
TOTAL
|
999,576
|
|
|
Financial Institution - REIT - Apartment—0.5%
|
|
160,000
|
|
Mid-America Apartment Communities LP, 4.000%, 11/15/2025
|
155,943
|
150,000
|
|
Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024
|
147,436
|
160,000
|
|
Mid-America Apartment Communities LP, Sr. Unsub. Note, 1.700%, 2/15/2031
|
126,932
|
80,000
|
|
UDR, Inc., Sr. Unsecd. Note, 3.100%, 11/1/2034
|
65,556
|
200,000
|
|
UDR, Inc., Sr. Unsecd. Note, Series GMTN, 3.500%, 1/15/2028
|
187,162
|
|
|
TOTAL
|
683,029
|
|
|
Financial Institution - REIT - Healthcare—1.1%
|
|
375,000
|
|
Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031
|
293,055
|
245,000
|
|
Healthcare Trust of America, Sr. Unsecd. Note, 3.100%, 2/15/2030
|
212,653
|
300,000
|
|
Physicians Realty Trust, Sr. Unsecd. Note, 3.950%, 1/15/2028
|
281,589
|
325,000
|
|
Welltower, Inc., Sr. Unsecd. Note, 2.800%, 6/1/2031
|
270,263
|
500,000
|
|
Welltower, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029
|
467,028
|
|
|
TOTAL
|
1,524,588
|
|
|
Financial Institution - REIT - Office—1.0%
|
|
65,000
|
1
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 1.875%, 2/1/2033
|
48,775
|
90,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2027
|
86,861
|
100,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028
|
94,783
|
250,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 4.900%, 12/15/2030
|
243,403
|
500,000
|
|
Boston Properties LP, Sr. Unsecd. Note, 2.900%, 3/15/2030
|
385,181
|
840,000
|
|
Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032
|
578,054
|
|
|
TOTAL
|
1,437,057
|
|
|
Financial Institution - REIT - Other—0.4%
|
|
160,000
|
|
ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029
|
156,519
|
175,000
|
|
WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029
|
161,352
|
300,000
|
|
WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024
|
293,682
|
|
|
TOTAL
|
611,553
|
|
|
Financial Institution - REIT - Retail—0.9%
|
|
140,000
|
|
Kimco Realty Corp., Sr. Unsecd. Note, 2.800%, 10/1/2026
|
128,964
|
290,000
|
|
Kimco Realty Corp., Sr. Unsecd. Note, 3.800%, 4/1/2027
|
275,715
|
300,000
|
|
Regency Centers LP, Sr. Unsecd. Note, 3.700%, 6/15/2030
|
271,089
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Financial Institution - REIT - Retail—continued
|
|
$170,000
|
|
Regency Centers LP, Sr. Unsecd. Note, 4.125%, 3/15/2028
|
$161,453
|
460,000
|
|
Tanger Properties LP, Sr. Unsecd. Note, 3.125%, 9/1/2026
|
418,220
|
|
|
TOTAL
|
1,255,441
|
|
|
Technology—8.0%
|
|
1,070,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 4.110%, 9/15/2028
|
1,023,238
|
190,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 4.150%, 11/15/2030
|
176,282
|
300,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 2.600%, 2/15/2033
|
235,451
|
310,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.137%, 11/15/2035
|
238,650
|
10,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.187%, 11/15/2036
|
7,587
|
450,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.469%, 4/15/2034
|
369,924
|
70,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2051
|
51,660
|
900,000
|
|
CDW LLC / CDW Finance, Sr. Unsecd. Note, 2.670%, 12/1/2026
|
810,484
|
250,000
|
|
Dell International LLC / EMC Corp., Sr. Unsecd. Note, 4.000%, 7/15/2024
|
246,706
|
1,000,000
|
|
Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.300%, 10/1/2029
|
1,008,258
|
500,000
|
|
Equifax, Inc., Sr. Unsecd. Note, 2.350%, 9/15/2031
|
403,026
|
205,000
|
|
Equifax, Inc., Sr. Unsecd. Note, 2.600%, 12/1/2024
|
195,982
|
200,000
|
|
Experian Finance PLC., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2029
|
189,991
|
135,000
|
|
Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.100%, 3/1/2041
|
94,563
|
250,000
|
|
Fidelity National Information Services, Inc., Sr. Unsecd. Note, 4.700%, 7/15/2027
|
246,386
|
60,000
|
|
Fidelity National Information Services, Inc., Sr. Unsecd. Note, 5.625%, 7/15/2052
|
57,718
|
375,000
|
|
Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029
|
348,216
|
285,000
|
|
Fiserv, Inc., Sr. Unsecd. Note, 3.800%, 10/1/2023
|
282,393
|
230,000
|
|
Fiserv, Inc., Sr. Unsecd. Note, 5.600%, 3/2/2033
|
238,666
|
450,000
|
|
Keysight Technologies, Inc., Sr. Unsecd. Note, 4.550%, 10/30/2024
|
445,434
|
155,000
|
|
Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029
|
151,984
|
765,000
|
|
Micron Technology, Inc., Sr. Unsecd. Note, 3.366%, 11/1/2041
|
543,099
|
200,000
|
|
Micron Technology, Inc., Sr. Unsecd. Note, 4.975%, 2/6/2026
|
199,641
|
850,000
|
|
Oracle Corp., Sr. Unsecd. Note, 1.650%, 3/25/2026
|
781,257
|
1,600,000
|
|
Oracle Corp., Sr. Unsecd. Note, 3.600%, 4/1/2050
|
1,136,509
|
1,000,000
|
|
Oracle Corp., Sr. Unsecd. Note, 3.650%, 3/25/2041
|
772,413
|
200,000
|
|
Oracle Corp., Sr. Unsecd. Note, 6.250%, 11/9/2032
|
215,220
|
85,000
|
|
Skyworks Solutions, Inc., Sr. Unsecd. Note, 1.800%, 6/1/2026
|
76,457
|
75,000
|
|
Total System Services, Inc., Sr. Unsecd. Note, 4.450%, 6/1/2028
|
71,249
|
80,000
|
|
Total System Services, Inc., Sr. Unsecd. Note, 4.800%, 4/1/2026
|
78,448
|
150,000
|
|
Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029
|
143,593
|
160,000
|
|
VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026
|
141,600
|
730,000
|
|
VMware, Inc., Sr. Unsecd. Note, 2.200%, 8/15/2031
|
578,385
|
|
|
TOTAL
|
11,560,470
|
|
|
Technology Services—0.9%
|
|
150,000
|
|
Fortinet, Inc., Sr. Unsecd. Note, 1.000%, 3/15/2026
|
134,715
|
710,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 1.200%, 3/1/2026
|
632,034
|
500,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027
|
443,432
|
85,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 3.200%, 8/15/2029
|
74,846
|
95,000
|
|
Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031
|
80,610
|
|
|
TOTAL
|
1,365,637
|
|
|
Transportation - Airlines—0.4%
|
|
100,000
|
|
Southwest Airlines Co., Sr. Unsecd. Note, 5.125%, 6/15/2027
|
99,822
|
495,000
|
|
Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025
|
494,909
|
|
|
TOTAL
|
594,731
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Transportation - Railroads—0.7%
|
|
$100,000
|
|
Canadian Pacific Railway Co., 7.125%, 10/15/2031
|
$114,250
|
225,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 1.750%, 12/2/2026
|
204,081
|
105,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.050%, 3/5/2030
|
89,288
|
195,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 3.000%, 12/2/2041
|
156,104
|
305,000
|
|
Kansas City Southern Industries, Inc., Sr. Unsecd. Note, 3.000%, 5/15/2023
|
303,880
|
200,000
|
|
Kansas City Southern Industries, Inc., Sr. Unsecd. Note, 4.700%, 5/1/2048
|
183,679
|
|
|
TOTAL
|
1,051,282
|
|
|
Transportation - Services—2.2%
|
|
330,000
|
|
Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 5.625%, 3/15/2042
|
338,968
|
250,000
|
|
FedEx Corp., Sr. Unsecd. Note, 3.250%, 5/15/2041
|
190,909
|
550,000
|
|
FedEx Corp., Sr. Unsecd. Note, 4.050%, 2/15/2048
|
447,700
|
725,000
|
|
GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 1.650%, 7/15/2026
|
638,536
|
315,000
|
|
GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 2.650%, 7/15/2031
|
245,276
|
300,000
|
|
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 1.700%, 6/15/2026
|
268,327
|
400,000
|
|
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 3.950%, 3/10/2025
|
388,710
|
260,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026
|
233,469
|
220,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 2.900%, 12/1/2026
|
203,583
|
200,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 5.650%, 3/1/2028
|
202,819
|
|
|
TOTAL
|
3,158,297
|
|
|
Utility - Electric—6.2%
|
|
130,000
|
|
AEP Texas, Inc., Sr. Unsecd. Note, 3.850%, 10/1/2025
|
125,509
|
385,000
|
|
AEP Texas, Inc., Sr. Unsecd. Note, 4.700%, 5/15/2032
|
376,592
|
500,000
|
|
Ameren Corp., Sr. Unsecd. Note, 1.750%, 3/15/2028
|
434,957
|
185,000
|
|
Ameren Corp., Sr. Unsecd. Note, 1.950%, 3/15/2027
|
166,129
|
80,000
|
|
Ameren Corp., Sr. Unsecd. Note, 3.650%, 2/15/2026
|
77,209
|
270,000
|
|
American Electric Power Co., Inc., Jr. Sub. Note, 2.031%, 3/15/2024
|
261,323
|
180,000
|
|
American Electric Power Co., Inc., Sr. Unsecd. Note, 5.625%, 3/1/2033
|
186,345
|
200,000
|
|
Appalachian Power Co., Sr. Unsecd. Note, 7.000%, 4/1/2038
|
232,439
|
170,000
|
|
Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030
|
141,448
|
645,000
|
|
CenterPoint Energy, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2031
|
546,656
|
450,000
|
|
Constellation Energy Generation LLC, Sr. Unsecd. Note, 5.800%, 3/1/2033
|
464,498
|
195,000
|
|
Dominion Energy, Inc., Jr. Sub. Note, 3.071%, 8/15/2024
|
189,259
|
130,000
|
|
Dominion Energy, Inc., Sr. Unsecd. Note, 4.250%, 6/1/2028
|
126,544
|
120,000
|
|
Dominion Energy, Inc., Sr. Unsecd. Note, Series A, 1.450%, 4/15/2026
|
108,158
|
240,000
|
|
Duke Energy Corp., Sr. Unsecd. Note, 2.650%, 9/1/2026
|
224,661
|
500,000
|
|
EDP Finance BV, Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028
|
426,000
|
300,000
|
|
EDP Finance BV, Sr. Unsecd. Note, 144A, 3.625%, 7/15/2024
|
292,822
|
740,000
|
|
Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046
|
601,480
|
300,000
|
|
Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.250%, 7/12/2031
|
235,128
|
100,000
|
|
Exelon Corp., Sr. Unsecd. Note, 3.950%, 6/15/2025
|
97,763
|
90,000
|
|
Exelon Corp., Sr. Unsecd. Note, 4.100%, 3/15/2052
|
74,130
|
95,000
|
|
Exelon Corp., Sr. Unsecd. Note, 4.700%, 4/15/2050
|
86,261
|
180,000
|
|
FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049
|
151,762
|
242,000
|
|
Fortis, Inc./Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026
|
227,310
|
290,000
|
2
|
National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250% (3-month USLIBOR +3.630%), 4/20/2046
|
270,500
|
200,000
|
|
NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 3.550%, 5/1/2027
|
191,378
|
400,000
|
|
NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.050%, 2/28/2033
|
401,394
|
300,000
|
|
NiSource Finance Corp., Sr. Unsecd. Note, 3.950%, 3/30/2048
|
243,170
|
100,000
|
|
NiSource Finance Corp., Sr. Unsecd. Note, 4.375%, 5/15/2047
|
87,018
|
95,000
|
|
NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028
|
96,713
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Utility - Electric—continued
|
|
$250,000
|
|
Northeast Utilities, Sr. Unsecd. Note, Series H, 3.150%, 1/15/2025
|
$242,063
|
230,000
|
|
Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028
|
202,792
|
1,175,000
|
|
Southern Co., Jr. Sub. Note, Series B, 4.000%, 1/15/2051
|
1,080,926
|
285,000
|
|
WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028
|
248,480
|
|
|
TOTAL
|
8,918,817
|
|
|
Utility - Natural Gas—1.2%
|
|
300,000
|
|
Enbridge Energy Partners LP, 5.875%, 10/15/2025
|
305,567
|
80,000
|
|
Enbridge Energy Partners LP, Sr. Unsecd. Note, 5.500%, 9/15/2040
|
77,366
|
300,000
|
|
Enbridge, Inc., Sr. Unsecd. Note, 3.125%, 11/15/2029
|
270,606
|
195,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031
|
156,877
|
130,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 3.950%, 9/15/2027
|
122,301
|
200,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026
|
200,182
|
260,000
|
|
Sempra Energy, Sr. Unsecd. Note, 3.700%, 4/1/2029
|
241,762
|
250,000
|
|
Sempra Energy, Sr. Unsecd. Note, 4.000%, 2/1/2048
|
203,992
|
250,000
|
|
Southern Natural Gas, Sr. Unsecd. Note, 144A, 4.800%, 3/15/2047
|
213,287
|
|
|
TOTAL
|
1,791,940
|
|
|
Utility - Natural Gas Distributor—0.0%
|
|
110,000
|
|
The East Ohio Gas Company, Sr. Unsecd. Note, 144A, 3.000%, 6/15/2050
|
73,834
|
|
|
TOTAL CORPORATE BONDS
(IDENTIFIED COST $157,166,853)
|
138,499,633
|
|
|
FOREIGN GOVERNMENTS/AGENCIES—1.7%
|
|
|
|
Sovereign—1.7%
|
|
700,000
|
|
Mexico, Government of, 3.750%, 1/11/2028
|
670,762
|
200,000
|
|
Mexico, Government of, Series MTN, 4.750%, 3/8/2044
|
169,598
|
206,000
|
|
Mexico, Government of, Series MTNA, 6.750%, 9/27/2034
|
226,405
|
800,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 3.250%, 4/16/2030
|
716,215
|
250,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 4.500%, 4/22/2029
|
244,046
|
300,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 4.500%, 1/31/2050
|
241,524
|
190,000
|
1
|
Peru, Government of, 6.550%, 3/14/2037
|
206,300
|
|
|
TOTAL FOREIGN GOVERNMENTS/AGENCIES
(IDENTIFIED COST $2,711,322)
|
2,474,850
|
|
|
REPURCHASE AGREEMENT—1.1%
|
|
1,626,000
|
|
Interest in $1,896,000,000 joint repurchase agreement 4.82%, dated 3/31/2023 under which Bank of America, N.A. will
repurchase securities provided as collateral for $1,896,761,560 on 4/3/2023. The securities provided as collateral at the
end of
the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to
5/20/2052 and the market value of those underlying securities was $1,934,696,791.
(IDENTIFIED COST $1,626,000)
|
1,626,000
|
|
|
INVESTMENT COMPANY—0.8%
|
|
1,135,470
|
|
Federated Hermes Government Obligations Fund, Premier Shares, 4.69%3
(IDENTIFIED COST $1,135,470)
|
1,135,470
|
|
|
TOTAL INVESTMENT IN SECURITIES—99.6%
(IDENTIFIED COST $162,639,645)
|
143,735,953
|
|
|
OTHER ASSETS AND LIABILITIES - NET—0.4%4
|
592,983
|
|
|
TOTAL NET ASSETS—100%
|
$144,328,936
|
Description
|
Number of
Contracts
|
Notional
Value
|
Expiration
Date
|
Value and
Unrealized
Appreciation
(Depreciation)
|
Long Futures:
|
|
|
|
|
United States Treasury Ultra Bond Long Futures
|
9
|
$1,270,125
|
June 2023
|
$57,135
|
United States Treasury Notes 10-Year Ultra Long Futures
|
20
|
$2,422,812
|
June 2023
|
$76,626
|
Short Futures:
|
|
|
|
|
United States Treasury Notes 5-Year Short Futures
|
35
|
$3,832,773
|
June 2023
|
$(77,642)
|
United States Treasury Notes 10-Year Short Futures
|
15
|
$1,723,828
|
June 2023
|
$(45,932)
|
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS
|
$10,187
|
|
Federated Hermes
Government
Obligations Fund,
Premier Shares*
|
Value as of 12/31/2022
|
$1,397,565
|
Purchases at Cost
|
$4,787,028
|
Proceeds from Sales
|
$(5,049,123)
|
Change in Unrealized Appreciation/Depreciation
|
$—
|
Net Realized Gain/(Loss)
|
$—
|
Value as of 3/31/2023
|
$1,135,470
|
Shares Held as of 3/31/2023
|
1,135,470
|
Dividend Income
|
$8,361
|
*
|
All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.
|
1
|
All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of March 31, 2023, securities
subject to this type of arrangement and
related collateral were as follows:
|
Fair Value of
Securities Loaned
|
Collateral
Received
|
$1,107,477
|
$1,135,470
|
2
|
Floating/variable note with current rate and current maturity or next reset date shown.
|
3
|
7-day net yield.
|
4
|
Assets, other than investments in securities, less liabilities.
|
Valuation Inputs
|
||||
|
Level 1—
Quoted
Prices
|
Level 2—
Other
Significant
Observable
Inputs
|
Level 3—
Significant
Unobservable
Inputs
|
Total
|
Debt Securities:
|
|
|
|
|
Corporate Bonds
|
$—
|
$138,499,633
|
$—
|
$138,499,633
|
Foreign Governments/Agencies
|
—
|
2,474,850
|
—
|
2,474,850
|
Repurchase Agreement
|
—
|
1,626,000
|
—
|
1,626,000
|
Investment Company
|
1,135,470
|
—
|
—
|
1,135,470
|
TOTAL SECURITIES
|
$1,135,470
|
$142,600,483
|
$—
|
$143,735,953
|
Other Financial Instruments:1
|
|
|
|
|
Assets
|
$133,761
|
$—
|
$—
|
$133,761
|
Liabilities
|
(123,574)
|
—
|
—
|
(123,574)
|
TOTAL OTHER FINANCIAL INSTRUMENTS
|
$10,187
|
$—
|
$—
|
$10,187
|
1
|
Other financial instruments are futures contracts.
|
The following acronym(s) are used throughout this portfolio:
|
|
|
BKNT
|
—Bank Notes
|
|
GMTN
|
—Global Medium Term Note
|
|
LIBOR
|
—London Interbank Offered Rate
|
|
MTN
|
—Medium Term Note
|
|
REIT
|
—Real Estate Investment Trust
|