Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—95.0%
|
|
|
|
Basic Industry - Chemicals—0.3%
|
|
$ 90,000
|
|
Albemarle Corp., Sr. Unsecd. Note, 5.450%, 12/1/2044
|
$ 83,337
|
200,000
|
|
RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029
|
194,232
|
300,000
|
|
RPM International, Inc., Sr. Unsecd. Note, 5.250%, 6/1/2045
|
285,110
|
|
|
TOTAL
|
562,679
|
|
|
Basic Industry - Metals & Mining—1.5%
|
|
600,000
|
1
|
Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031
|
511,050
|
400,000
|
|
Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 3.625%, 9/11/2024
|
395,466
|
200,000
|
|
Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 5.500%, 5/2/2033
|
198,953
|
235,000
|
|
Anglogold Ashanti Holdings PLC, Sr. Note, 6.500%, 4/15/2040
|
233,707
|
90,000
|
|
Glencore Funding LLC, 144A, 5.893%, 4/4/2054
|
91,263
|
400,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 4/27/2026
|
371,028
|
350,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 2.625%, 9/23/2031
|
291,913
|
200,000
|
|
Glencore Funding LLC, Sr. Unsecd. Note, 144A, 3.375%, 9/23/2051
|
137,083
|
250,000
|
|
Southern Copper Corp., Sr. Unsecd. Note, 6.750%, 4/16/2040
|
278,035
|
|
|
TOTAL
|
2,508,498
|
|
|
Basic Industry - Paper—0.6%
|
|
800,000
|
|
Smurfit Kappa Treasury Unlimited Co., Sr. Unsecd. Note, 144A, 5.777%, 4/3/2054
|
811,487
|
100,000
|
|
Weyerhaeuser Co., Sr. Unsecd. Note, 7.375%, 3/15/2032
|
113,676
|
|
|
TOTAL
|
925,163
|
|
|
Capital Goods - Aerospace & Defense—4.3%
|
|
230,000
|
|
BAE Systems Holdings, Inc., Sr. Unsecd. Note, 144A, 3.850%, 12/15/2025
|
224,555
|
500,000
|
|
BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.000%, 9/15/2050
|
338,156
|
360,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.196%, 2/4/2026
|
337,185
|
300,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027
|
276,462
|
995,000
|
|
Boeing Co., Sr. Unsecd. Note, 2.950%, 2/1/2030
|
859,915
|
425,000
|
|
Boeing Co., Sr. Unsecd. Note, 3.250%, 2/1/2035
|
334,671
|
745,000
|
|
Boeing Co., Sr. Unsecd. Note, 3.950%, 8/1/2059
|
510,604
|
175,000
|
|
Boeing Co., Sr. Unsecd. Note, 5.705%, 5/1/2040
|
167,628
|
700,000
|
|
HEICO Corp., Sr. Unsecd. Note, 5.350%, 8/1/2033
|
702,664
|
170,000
|
|
Hexcel Corp., Sr. Unsecd. Note, 4.200%, 2/15/2027
|
161,629
|
740,000
|
|
Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027
|
695,342
|
200,000
|
|
Leidos, Inc., Sr. Unsecd. Note, 5.750%, 3/15/2033
|
205,112
|
125,000
|
|
Leidos, Inc., Sr. Unsecd. Note, Series WI, 3.625%, 5/15/2025
|
122,245
|
350,000
|
|
Leidos, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 5/15/2030
|
331,876
|
500,000
|
|
Northrop Grumman Corp., Sr. Unsecd. Note, 4.700%, 3/15/2033
|
488,355
|
600,000
|
|
RTX Corp, Sr. Unsecd. Note, 4.125%, 11/16/2028
|
580,681
|
350,000
|
|
RTX Corp, Sr. Unsecd. Note, 4.150%, 5/15/2045
|
291,167
|
280,000
|
|
RTX Corp, Sr. Unsecd. Note, 5.150%, 2/27/2033
|
280,679
|
370,000
|
|
Textron, Inc., Sr. Unsecd. Note, 2.450%, 3/15/2031
|
311,897
|
|
|
TOTAL
|
7,220,823
|
|
|
Capital Goods - Building Materials—0.9%
|
|
100,000
|
|
Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029
|
92,374
|
125,000
|
|
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024
|
123,340
|
620,000
|
|
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.550%, 10/1/2027
|
591,865
|
235,000
|
|
Carrier Global Corp., Sr. Unsecd. Note, 2.700%, 2/15/2031
|
202,370
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Capital Goods - Building Materials—continued
|
|
$ 255,000
|
|
Carrier Global Corp., Sr. Unsecd. Note, 5.900%, 3/15/2034
|
$ 268,121
|
170,000
|
|
Masco Corp., Sr. Unsecd. Note, 4.500%, 5/15/2047
|
145,513
|
|
|
TOTAL
|
1,423,583
|
|
|
Capital Goods - Construction Machinery—1.3%
|
|
205,000
|
|
Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033
|
201,742
|
350,000
|
|
Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.800%, 4/15/2034
|
349,805
|
450,000
|
|
CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026
|
413,228
|
445,000
|
1
|
CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027
|
427,623
|
895,000
|
|
Weir Group PLC/The, Sr. Unsecd. Note, 144A, 2.200%, 5/13/2026
|
831,033
|
|
|
TOTAL
|
2,223,431
|
|
|
Capital Goods - Diversified Manufacturing—1.6%
|
|
155,000
|
|
Otis Worldwide Corp., Sr. Unsecd. Note, Series WI, 2.565%, 2/15/2030
|
136,411
|
300,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 1.400%, 9/15/2027
|
266,281
|
110,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 2.950%, 9/15/2029
|
98,969
|
60,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 3.850%, 12/15/2025
|
58,728
|
245,000
|
|
Roper Technologies, Inc., Sr. Unsecd. Note, 4.200%, 9/15/2028
|
238,033
|
80,000
|
|
Valmont Industries, Inc., Sr. Unsecd. Note, 5.000%, 10/1/2044
|
70,958
|
390,000
|
|
Valmont Industries, Inc., Sr. Unsecd. Note, 5.250%, 10/1/2054
|
346,842
|
335,000
|
|
Vontier Corp., Sr. Unsecd. Note, Series WI, 1.800%, 4/1/2026
|
311,169
|
500,000
|
|
Vontier Corp., Sr. Unsecd. Note, Series WI, 2.950%, 4/1/2031
|
418,403
|
160,000
|
|
Wabtec Corp., Sr. Unsecd. Note, 3.200%, 6/15/2025
|
155,445
|
310,000
|
|
Wabtec Corp., Sr. Unsecd. Note, 5.611%, 3/11/2034
|
314,127
|
285,000
|
|
Xylem, Inc., Sr. Unsecd. Note, 2.250%, 1/30/2031
|
240,469
|
|
|
TOTAL
|
2,655,835
|
|
|
Capital Goods - Packaging—0.3%
|
|
180,000
|
|
Packaging Corp., of America, Sr. Unsecd. Note, 3.650%, 9/15/2024
|
178,240
|
220,000
|
|
Sonoco Products Co., Sr. Unsecd. Note, 5.750%, 11/1/2040
|
222,602
|
150,000
|
|
WestRock Co., Sr. Unsecd. Note, Series WI, 4.000%, 3/15/2028
|
144,217
|
|
|
TOTAL
|
545,059
|
|
|
Communications - Cable & Satellite—1.6%
|
|
440,000
|
|
CCO Safari II LLC, 6.484%, 10/23/2045
|
408,127
|
380,000
|
|
Charter Communications Operating LLC, 5.375%, 5/1/2047
|
306,441
|
250,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.,
Sec. Fac. Bond, 3.850%, 4/1/2061
|
148,500
|
500,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.,
Sec. Fac. Bond, 4.800%, 3/1/2050
|
370,434
|
865,000
|
|
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.,
Term Loan - 1st Lien,
3.900%, 6/1/2052
|
550,706
|
600,000
|
|
Charter Communications, Inc., 4.200%, 3/15/2028
|
565,794
|
165,000
|
|
Cox Communications, Inc., Sr. Unsecd. Note, 144A, 3.350%, 9/15/2026
|
157,884
|
300,000
|
|
Time Warner Cable, Inc., Company Guarantee, 5.500%, 9/1/2041
|
249,985
|
|
|
TOTAL
|
2,757,871
|
|
|
Communications - Media & Entertainment—2.9%
|
|
500,000
|
|
Discovery Communications LLC, Sr. Unsecd. Note, 4.650%, 5/15/2050
|
390,990
|
135,000
|
|
Fox Corp., Sr. Unsecd. Note, Series WI, 4.709%, 1/25/2029
|
133,164
|
375,000
|
|
Fox Corp., Sr. Unsecd. Note, Series WI, 5.576%, 1/25/2049
|
349,472
|
300,000
|
|
Interpublic Group of Cos., Inc., Sr. Unsecd. Note, 2.400%, 3/1/2031
|
251,566
|
495,000
|
|
Interpublic Group of Cos., Inc., Sr. Unsecd. Note, 3.375%, 3/1/2041
|
369,718
|
850,000
|
|
Netflix, Inc., Sr. Unsecd. Note, 4.875%, 4/15/2028
|
849,072
|
300,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 2.450%, 4/30/2030
|
257,633
|
300,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 2.600%, 8/1/2031
|
254,251
|
200,000
|
|
Omnicom Group, Inc., Sr. Unsecd. Note, 3.650%, 11/1/2024
|
197,585
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Communications - Media & Entertainment—continued
|
|
$ 190,000
|
|
Paramount Global, Sr. Unsecd. Note, 3.700%, 6/1/2028
|
$ 168,451
|
475,000
|
|
Paramount Global, Sr. Unsecd. Note, 4.200%, 5/19/2032
|
394,912
|
200,000
|
|
Paramount Global, Sr. Unsecd. Note, 4.900%, 8/15/2044
|
143,117
|
500,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 4.279%, 3/15/2032
|
446,872
|
510,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2042
|
438,586
|
300,000
|
|
Warnermedia Holdings, Inc., Sr. Unsecd. Note, 6.412%, 3/15/2026
|
300,006
|
|
|
TOTAL
|
4,945,395
|
|
|
Communications - Telecom Wireless—4.4%
|
|
450,000
|
|
American Tower Corp., Sr. Unsecd. Note, 1.450%, 9/15/2026
|
410,286
|
300,000
|
|
American Tower Corp., Sr. Unsecd. Note, 2.100%, 6/15/2030
|
249,426
|
300,000
|
|
American Tower Corp., Sr. Unsecd. Note, 3.100%, 6/15/2050
|
199,561
|
250,000
|
|
American Tower Corp., Sr. Unsecd. Note, 3.800%, 8/15/2029
|
233,399
|
100,000
|
|
American Tower Corp., Sr. Unsecd. Note, 4.400%, 2/15/2026
|
98,316
|
500,000
|
|
American Tower Corp., Sr. Unsecd. Note, 5.450%, 2/15/2034
|
501,004
|
280,000
|
|
Bell Canada, Sr. Unsecd. Note, 4.464%, 4/1/2048
|
241,317
|
300,000
|
|
Crown Castle, Inc., Sr. Unsecd. Note, 2.250%, 1/15/2031
|
247,016
|
400,000
|
|
Crown Castle, International Corp., Sr. Unsecd. Note, 4.450%, 2/15/2026
|
393,555
|
300,000
|
|
Crown Castle, Inc., Sr. Unsecd. Note, 5.100%, 5/1/2033
|
292,730
|
200,000
|
|
Crown Castle, International Corp., Sr. Unsecd. Note, 5.200%, 2/15/2049
|
185,659
|
300,000
|
|
TELUS Corp., Sr. Unsecd. Note, 2.800%, 2/16/2027
|
281,967
|
415,000
|
|
T-Mobile USA, Inc., 4.500%, 4/15/2050
|
359,980
|
500,000
|
|
T-Mobile USA, Inc., Series WI, 2.700%, 3/15/2032
|
420,733
|
550,000
|
|
T-Mobile USA, Inc., Series WI, 3.000%, 2/15/2041
|
405,351
|
600,000
|
|
T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030
|
562,246
|
575,000
|
|
T-Mobile USA, Inc., Sr. Unsecd. Note, 5.150%, 4/15/2034
|
573,297
|
670,000
|
|
T-Mobile USA, Inc., Sr. Unsecd. Note, 5.650%, 1/15/2053
|
684,646
|
230,000
|
|
Vodafone Group PLC, Sr. Unsecd. Note, 4.125%, 5/30/2025
|
226,556
|
350,000
|
|
Vodafone Group PLC, Sr. Unsecd. Note, 4.250%, 9/17/2050
|
282,761
|
580,000
|
|
Vodafone Group PLC, Sr. Unsecd. Note, 5.250%, 5/30/2048
|
554,352
|
|
|
TOTAL
|
7,404,158
|
|
|
Communications - Telecom Wirelines—5.6%
|
|
400,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 1.700%, 3/25/2026
|
374,162
|
877,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033
|
702,748
|
350,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 2.750%, 6/1/2031
|
301,579
|
300,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.500%, 6/1/2041
|
234,321
|
1,000,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.650%, 6/1/2051
|
734,798
|
255,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 3.850%, 6/1/2060
|
184,603
|
500,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 4.300%, 2/15/2030
|
480,657
|
500,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 4.350%, 3/1/2029
|
487,289
|
400,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 5.450%, 3/1/2047
|
396,488
|
245,000
|
|
AT&T, Inc., Sr. Unsecd. Note, 6.375%, 3/1/2041
|
261,813
|
545,000
|
|
AT&T, Inc., Sr. Unsecd. Note, Series WI, 5.300%, 8/15/2058
|
487,870
|
815,000
|
|
Rogers Communications, Inc., Sr. Unsecd. Note, 4.500%, 3/15/2042
|
708,480
|
200,000
|
|
Rogers Communications, Inc., Sr. Unsecd. Note, 4.550%, 3/15/2052
|
168,423
|
40,000
|
|
Telefonica S.A., Co. Guarantee, 7.045%, 6/20/2036
|
44,807
|
680,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 1.450%, 3/20/2026
|
634,333
|
400,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031
|
341,835
|
1,785,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 3.400%, 3/22/2041
|
1,396,004
|
30,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.000%, 3/22/2050
|
24,276
|
390,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 8/15/2046
|
327,414
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Communications - Telecom Wirelines—continued
|
|
$ 750,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 3/16/2027
|
$ 734,276
|
500,000
|
|
Verizon Communications, Inc., Sr. Unsecd. Note, Series WI, 1.680%, 10/30/2030
|
407,544
|
|
|
TOTAL
|
9,433,720
|
|
|
Consumer Cyclical - Automotive—5.8%
|
|
650,000
|
|
Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.000%, 12/14/2026
|
597,804
|
175,000
|
|
Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.375%, 12/14/2028
|
155,911
|
500,000
|
|
Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.125%, 3/8/2034
|
502,985
|
1,805,000
|
|
Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 7.122%, 11/7/2033
|
1,943,388
|
200,000
|
|
General Motors Co., Sr. Unsecd. Note, 4.000%, 4/1/2025
|
196,884
|
455,000
|
|
General Motors Co., Sr. Unsecd. Note, 5.200%, 4/1/2045
|
409,249
|
110,000
|
|
General Motors Co., Sr. Unsecd. Note, 6.750%, 4/1/2046
|
118,952
|
750,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 1.500%, 6/10/2026
|
690,129
|
750,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028
|
673,853
|
50,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.700%, 8/20/2027
|
46,104
|
400,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 3.950%, 4/13/2024
|
399,665
|
250,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 4.300%, 7/13/2025
|
246,302
|
800,000
|
|
General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.750%, 2/8/2031
|
808,953
|
300,000
|
|
General Motors Financial Co., Inc., Unsecd. Note, 3.500%, 11/7/2024
|
296,133
|
600,000
|
|
Hyundai Capital America, Sr. Unsecd. Note, 144A, 1.000%, 9/17/2024
|
587,064
|
380,000
|
|
Hyundai Capital America, Sr. Unsecd. Note, 144A, 2.000%, 6/15/2028
|
333,819
|
1,200,000
|
|
Nissan Motor Acceptance Company LLC., Sr. Unsecd. Note, 144A, 1.850%, 9/16/2026
|
1,086,205
|
400,000
|
|
Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 1.711%, 1/29/2027
|
364,470
|
400,000
|
|
Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 2.691%, 9/15/2031
|
336,671
|
|
|
TOTAL
|
9,794,541
|
|
|
Consumer Cyclical - Retailers—2.2%
|
|
150,000
|
|
Advance Auto Parts, Inc., Sr. Unsecd. Note, 1.750%, 10/1/2027
|
130,979
|
675,000
|
1
|
Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030
|
612,533
|
600,000
|
|
Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 3.800%, 1/25/2050
|
462,106
|
185,000
|
|
AutoNation, Inc., Sr. Unsecd. Note, 1.950%, 8/1/2028
|
160,411
|
750,000
|
|
AutoNation, Inc., Sr. Unsecd. Note, 3.850%, 3/1/2032
|
667,153
|
130,000
|
|
AutoNation, Inc., Sr. Unsecd. Note, 4.500%, 10/1/2025
|
128,069
|
55,000
|
|
AutoZone, Inc., Sr. Unsecd. Note, 3.125%, 4/21/2026
|
52,919
|
345,000
|
|
AutoZone, Inc., Sr. Unsecd. Note, 4.000%, 4/15/2030
|
327,516
|
300,000
|
|
Dollar General Corp., Sr. Unsecd. Note, 4.125%, 5/1/2028
|
291,336
|
610,000
|
|
O’Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031
|
494,606
|
160,000
|
|
O’Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030
|
153,140
|
230,000
|
|
Tractor Supply Co., Sr. Unsecd. Note, 5.250%, 5/15/2033
|
231,822
|
|
|
TOTAL
|
3,712,590
|
|
|
Consumer Cyclical - Services—0.3%
|
|
570,000
|
|
Expedia Group, Inc., Sr. Unsecd. Note, Series WI, 3.250%, 2/15/2030
|
513,274
|
|
|
Consumer Non-Cyclical - Food/Beverage—4.8%
|
|
125,000
|
|
Bacardi Ltd., Sr. Unsecd. Note, 144A, 2.750%, 7/15/2026
|
117,961
|
225,000
|
|
Campbell Soup Co., Sr. Unsecd. Note, 5.200%, 3/21/2029
|
226,162
|
650,000
|
|
Coca-Cola European Partners PLC, Sr. Unsecd. Note, 144A, 1.500%, 1/15/2027
|
590,323
|
710,000
|
|
Conagra Brands, Inc., Sr. Unsecd. Note, 1.375%, 11/1/2027
|
621,541
|
115,000
|
|
Constellation Brands, Inc., Sr. Unsecd. Note, 4.800%, 1/15/2029
|
114,080
|
400,000
|
|
Constellation Brands, Inc., Sr. Unsecd. Note, 4.900%, 5/1/2033
|
392,579
|
250,000
|
|
Constellation Brands, Inc., Sr. Unsecd. Note, 5.250%, 11/15/2048
|
240,309
|
135,000
|
|
Flowers Foods, Inc., Sr. Unsecd. Note, 2.400%, 3/15/2031
|
113,264
|
210,000
|
|
Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026
|
201,911
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Consumer Non-Cyclical - Food/Beverage—continued
|
|
$ 445,000
|
|
General Mills, Inc., Sr. Unsecd. Note, 3.000%, 2/1/2051
|
$ 292,449
|
200,000
|
|
Grupo Bimbo S.A.B. de CV, Sr. Unsecd. Note, 144A, 3.875%, 6/27/2024
|
199,138
|
150,000
|
|
Heineken NV, Sr. Unsecd. Note, 144A, 4.350%, 3/29/2047
|
130,394
|
110,000
|
|
International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 1.832%, 10/15/2027
|
97,586
|
300,000
|
|
International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 2.300%, 11/1/2030
|
249,347
|
255,000
|
|
Jde Peet’s B.V., Sr. Unsecd. Note, 144A, 0.800%, 9/24/2024
|
248,715
|
53,000
|
|
Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 4.417%, 5/25/2025
|
52,449
|
750,000
|
|
Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046
|
633,880
|
190,000
|
|
McCormick & Co., Inc., Sr. Unsecd. Note, 1.850%, 2/15/2031
|
153,878
|
250,000
|
|
McCormick & Co., Inc., Sr. Unsecd. Note, 3.400%, 8/15/2027
|
237,573
|
500,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031
|
392,571
|
300,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030
|
248,878
|
300,000
|
|
Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027
|
288,236
|
350,000
|
1
|
Smucker (J.M.) Co., Sr. Unsecd. Note, 2.375%, 3/15/2030
|
303,813
|
300,000
|
|
Smucker (J.M.) Co., Sr. Unsecd. Note, 3.500%, 3/15/2025
|
294,328
|
400,000
|
|
Sysco Corp., Sr. Unsecd. Note, 4.450%, 3/15/2048
|
340,620
|
200,000
|
|
Tyson Foods, Inc., 3.950%, 8/15/2024
|
198,851
|
585,000
|
|
Tyson Foods, Inc., Sr. Unsecd. Note, 3.550%, 6/2/2027
|
558,151
|
500,000
|
|
Tyson Foods, Inc., Sr. Unsecd. Note, 5.700%, 3/15/2034
|
506,868
|
|
|
TOTAL
|
8,045,855
|
|
|
Consumer Non-Cyclical - Health Care—2.8%
|
|
350,000
|
|
Alcon Finance Corp., Sr. Unsecd. Note, 144A, 2.600%, 5/27/2030
|
302,406
|
220,000
|
|
Alcon Finance Corp., Sr. Unsecd. Note, 144A, 3.000%, 9/23/2029
|
198,608
|
55,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 3.734%, 12/15/2024
|
54,301
|
300,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 4.669%, 6/6/2047
|
269,050
|
179,000
|
|
Becton Dickinson & Co., Sr. Unsecd. Note, 4.685%, 12/15/2044
|
162,255
|
400,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 2.875%, 6/1/2026
|
381,472
|
50,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 3.875%, 7/20/2025
|
49,077
|
880,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 5.050%, 3/25/2048
|
799,727
|
520,000
|
|
CVS Health Corp., Sr. Unsecd. Note, 5.125%, 7/20/2045
|
479,526
|
295,000
|
|
Danaher Corp., Sr. Unsecd. Note, 2.600%, 10/1/2050
|
187,524
|
145,000
|
|
GE Healthcare Holding LLC, Sr. Unsecd. Note, 6.377%, 11/22/2052
|
163,827
|
1,500,000
|
|
HCA, Inc., Sec. Fac. Bond, 3.500%, 7/15/2051
|
1,036,975
|
365,000
|
|
HCA, Inc., Sr. Unsecd. Note, 6.000%, 4/1/2054
|
370,792
|
335,000
|
|
PerkinElmer, Inc., Sr. Unsecd. Note, 0.850%, 9/15/2024
|
327,277
|
|
|
TOTAL
|
4,782,817
|
|
|
Consumer Non-Cyclical - Pharmaceuticals—3.1%
|
|
955,000
|
|
AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029
|
880,252
|
750,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 2.450%, 2/21/2030
|
656,145
|
980,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2033
|
988,687
|
970,000
|
|
Amgen, Inc., Sr. Unsecd. Note, 5.650%, 3/2/2053
|
989,089
|
185,000
|
|
AstraZeneca PLC, Sr. Unsecd. Note, 1.375%, 8/6/2030
|
151,083
|
300,000
|
|
Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.625%, 6/25/2038
|
250,903
|
300,000
|
|
Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.875%, 6/25/2048
|
241,310
|
600,000
|
|
Biogen, Inc., Sr. Unsecd. Note, 3.150%, 5/1/2050
|
401,671
|
375,000
|
|
Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 2.050%, 3/31/2030
|
318,094
|
500,000
|
|
Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 3.025%, 7/9/2040
|
377,031
|
|
|
TOTAL
|
5,254,265
|
|
|
Consumer Non-Cyclical - Supermarkets—0.3%
|
|
300,000
|
|
Kroger Co., Bond, 6.900%, 4/15/2038
|
338,515
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Consumer Non-Cyclical - Supermarkets—continued
|
|
$ 250,000
|
|
Kroger Co., Sr. Unsecd. Note, 3.950%, 1/15/2050
|
$ 199,463
|
|
|
TOTAL
|
537,978
|
|
|
Consumer Non-Cyclical - Tobacco—1.8%
|
|
500,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 3.700%, 2/4/2051
|
349,897
|
650,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 3.875%, 9/16/2046
|
487,391
|
200,000
|
|
Altria Group, Inc., Sr. Unsecd. Note, 4.800%, 2/14/2029
|
198,148
|
325,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, 2.259%, 3/25/2028
|
289,487
|
490,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, 6.000%, 2/20/2034
|
496,466
|
500,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, Series WI, 3.557%, 8/15/2027
|
473,630
|
200,000
|
|
BAT Capital Corp., Sr. Unsecd. Note, Series WI, 4.540%, 8/15/2047
|
154,554
|
300,000
|
|
Reynolds American, Inc., Sr. Unsecd. Note, 5.850%, 8/15/2045
|
278,560
|
300,000
|
|
Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041
|
314,049
|
|
|
TOTAL
|
3,042,182
|
|
|
Energy - Independent—2.8%
|
|
680,000
|
|
Apache Corp., Sr. Unsecd. Note, 5.100%, 9/1/2040
|
584,019
|
250,000
|
|
Canadian Natural Resources Ltd., Sr. Unsecd. Note, 2.050%, 7/15/2025
|
239,256
|
590,000
|
|
Canadian Natural Resources Ltd., Sr. Unsecd. Note, 3.800%, 4/15/2024
|
589,565
|
390,000
|
|
Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 5/15/2027
|
375,524
|
175,000
|
|
Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 4.375%, 3/15/2029
|
168,633
|
190,000
|
|
Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2033
|
202,651
|
685,000
|
|
Hess Corp., Sr. Unsecd. Note, 5.600%, 2/15/2041
|
698,689
|
200,000
|
|
Marathon Oil Corp., Sr. Unsecd. Note, 4.400%, 7/15/2027
|
194,426
|
650,000
|
|
Occidental Petroleum Corp., Sr. Unsecd. Note, 6.600%, 3/15/2046
|
700,949
|
510,000
|
|
Ovintiv, Inc., Sr. Unsecd. Note, 7.100%, 7/15/2053
|
571,078
|
500,000
|
|
Pioneer Natural Resources, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2031
|
420,963
|
|
|
TOTAL
|
4,745,753
|
|
|
Energy - Integrated—0.8%
|
|
605,000
|
|
Cenovus Energy, Inc., Sr. Unsecd. Note, 3.750%, 2/15/2052
|
445,226
|
300,000
|
|
Cenovus Energy, Inc., Sr. Unsecd. Note, 4.250%, 4/15/2027
|
292,141
|
100,000
|
|
Petro-Canada, Bond, 5.350%, 7/15/2033
|
97,261
|
130,000
|
|
Petroleos Mexicanos, Sr. Unsecd. Note, 6.500%, 3/13/2027
|
122,540
|
500,000
|
|
Suncor Energy, Inc., Sr. Unsecd. Note, 3.750%, 3/4/2051
|
370,982
|
|
|
TOTAL
|
1,328,150
|
|
|
Energy - Midstream—6.4%
|
|
130,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031
|
115,380
|
165,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.600%, 9/1/2032
|
144,099
|
400,000
|
|
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029
|
394,371
|
100,000
|
|
Columbia Pipeline Group, Inc., Sr. Unsecd. Note, 4.500%, 6/1/2025
|
98,620
|
100,000
|
|
Columbia Pipeline Group, Inc., Sr. Unsecd. Note, 5.800%, 6/1/2045
|
98,936
|
495,000
|
|
Columbia Pipeline Holding Co. LLC, Sr. Unsecd. Note, 144A, 5.681%, 1/15/2034
|
491,971
|
50,000
|
|
Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.000%, 11/15/2029
|
44,751
|
65,000
|
|
Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.900%, 11/15/2049
|
47,819
|
725,000
|
|
Energy Transfer Operating LP, Sr. Unsecd. Note, 5.000%, 5/15/2050
|
636,576
|
250,000
|
|
Energy Transfer Partners LP, Sr. Unsecd. Note, 5.300%, 4/15/2047
|
227,625
|
170,000
|
|
Energy Transfer LP, Sr. Unsecd. Note, 5.550%, 5/15/2034
|
170,624
|
250,000
|
|
Energy Transfer Partners LP, Sr. Unsecd. Note, 6.125%, 12/15/2045
|
251,601
|
550,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 3.700%, 1/31/2051
|
425,452
|
200,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 4.250%, 2/15/2048
|
171,350
|
500,000
|
|
Enterprise Products Operating LLC, Sr. Unsecd. Note, 4.850%, 3/15/2044
|
467,742
|
400,000
|
|
Kinder Morgan Energy Partners LP, 4.250%, 9/1/2024
|
397,477
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Energy - Midstream—continued
|
|
$ 495,000
|
|
Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 6.375%, 3/1/2041
|
$ 515,169
|
300,000
|
|
Kinder Morgan, Inc., 5.050%, 2/15/2046
|
266,613
|
300,000
|
|
Kinder Morgan, Inc., Sr. Unsecd. Note, 4.300%, 3/1/2028
|
292,882
|
350,000
|
|
MPLX LP, Sr. Unsecd. Note, 2.650%, 8/15/2030
|
301,210
|
395,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027
|
385,074
|
200,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.900%, 4/15/2058
|
167,676
|
500,000
|
|
MPLX LP, Sr. Unsecd. Note, 4.950%, 3/14/2052
|
439,493
|
80,000
|
|
MPLX LP, Sr. Unsecd. Note, Series WI, 4.250%, 12/1/2027
|
77,835
|
400,000
|
|
ONEOK, Inc., Sr. Unsecd. Note, 3.100%, 3/15/2030
|
357,890
|
500,000
|
|
ONEOK, Inc., Sr. Unsecd. Note, 4.950%, 7/13/2047
|
439,839
|
500,000
|
|
ONEOK, Inc., Sr. Unsecd. Note, 6.625%, 9/1/2053
|
551,424
|
600,000
|
|
Plains All American Pipeline LP, Sr. Unsecd. Note, 5.150%, 6/1/2042
|
544,365
|
180,000
|
|
Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033
|
164,200
|
350,000
|
|
Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033
|
365,315
|
500,000
|
|
Targa Resources, Inc., Sr. Unsecd. Note, 6.250%, 7/1/2052
|
519,695
|
290,000
|
|
TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027
|
277,597
|
290,000
|
|
Williams Partners LP, Sr. Unsecd. Note, 3.900%, 1/15/2025
|
285,961
|
650,000
|
|
Williams Partners LP, Sr. Unsecd. Note, 4.900%, 1/15/2045
|
585,112
|
|
|
TOTAL
|
10,721,744
|
|
|
Energy - Oil Field Services—0.6%
|
|
1,000,000
|
|
Williams Cos., Inc., Sr. Unsecd. Note, 5.150%, 3/15/2034
|
991,441
|
|
|
Energy - Refining—1.3%
|
|
200,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 3.625%, 9/15/2024
|
198,021
|
225,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044
|
200,373
|
150,000
|
|
Marathon Petroleum Corp., Sr. Unsecd. Note, 6.500%, 3/1/2041
|
163,253
|
245,000
|
|
Phillips 66, Sr. Unsecd. Note, 1.300%, 2/15/2026
|
228,068
|
565,000
|
|
Phillips 66, Sr. Unsecd. Note, 4.875%, 11/15/2044
|
527,781
|
400,000
|
|
Valero Energy Corp., Sr. Unsecd. Note, 2.800%, 12/1/2031
|
341,976
|
140,000
|
|
Valero Energy Corp., Sr. Unsecd. Note, 4.000%, 4/1/2029
|
134,369
|
400,000
|
|
Valero Energy Corp., Sr. Unsecd. Note, 4.900%, 3/15/2045
|
368,640
|
|
|
TOTAL
|
2,162,481
|
|
|
Financial Institution - Banking—8.6%
|
|
410,000
|
|
Associated Banc-Corp., Sub. Note, 4.250%, 1/15/2025
|
402,468
|
400,000
|
|
Bank of America Corp., Sr. Unsecd. Note, 2.299%, 7/21/2032
|
327,430
|
200,000
|
|
Bank of America Corp., Sub. Note, Series L, 3.950%, 4/21/2025
|
196,849
|
575,000
|
|
Bank of America Corp., Sub. Note, Series L, 4.183%, 11/25/2027
|
558,338
|
800,000
|
|
Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025
|
789,587
|
500,000
|
|
Capital One Financial Corp., Sr. Unsecd. Note, 3.750%, 3/9/2027
|
480,038
|
400,000
|
|
Capital One Financial Corp., Sr. Unsecd. Note, 5.817%, 2/1/2034
|
399,676
|
480,000
|
|
Citigroup, Inc., 4.125%, 7/25/2028
|
460,286
|
250,000
|
|
Citigroup, Inc., 5.500%, 9/13/2025
|
249,980
|
450,000
|
|
Citigroup, Inc., Sub. Note, 4.450%, 9/29/2027
|
437,885
|
500,000
|
|
Citigroup, Inc., Sub., 5.827%, 2/13/2035
|
495,233
|
285,000
|
|
Citigroup, Inc., Sub., 6.174%, 5/25/2034
|
289,563
|
550,000
|
|
Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.841%, 1/23/2030
|
549,476
|
580,000
|
|
Citizens Financial Group, Inc., Sub. Note, 2.638%, 9/30/2032
|
444,701
|
200,000
|
|
Comerica, Inc., 3.800%, 7/22/2026
|
190,657
|
305,000
|
|
Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030
|
301,521
|
200,000
|
|
Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025
|
196,655
|
200,000
|
|
Fifth Third Bancorp, Sr. Unsecd. Note, 3.950%, 3/14/2028
|
191,126
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Financial Institution - Banking—continued
|
|
$ 695,000
|
|
Fifth Third Bancorp, Sr. Unsecd. Note, 5.631%, 1/29/2032
|
$ 696,170
|
370,000
|
|
FNB Corp. (PA), Sr. Unsecd. Note, 5.150%, 8/25/2025
|
366,896
|
500,000
|
|
Goldman Sachs Group, Inc., 5.950%, 1/15/2027
|
510,965
|
400,000
|
|
Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series DMTN, 2.383%, 7/21/2032
|
328,250
|
900,000
|
|
Goldman Sachs Group, Inc., Sub. Note, 4.250%, 10/21/2025
|
883,491
|
300,000
|
|
Huntington Bancshares, Inc., Sr. Unsecd. Note, 5.709%, 2/2/2035
|
299,278
|
750,000
|
|
Huntington National Bank, Sr. Unsecd. Note, 4.552%, 5/17/2028
|
727,500
|
800,000
|
|
KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035
|
817,457
|
370,000
|
|
M&T Bank Corp., Sr. Unsecd. Note, 6.082%, 3/13/2032
|
369,432
|
480,000
|
|
M&T Bank Corp., Sr. Unsecd. Note, 7.413%, 10/30/2029
|
506,522
|
400,000
|
|
Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032
|
326,862
|
450,000
|
|
Morgan Stanley, Sub. Note, 5.000%, 11/24/2025
|
447,434
|
750,000
|
|
Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028
|
728,750
|
200,000
|
|
Truist Bank, Sub. Note, Series BKNT, 3.300%, 5/15/2026
|
192,012
|
350,000
|
|
Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.867%, 6/8/2034
|
354,421
|
|
|
TOTAL
|
14,516,909
|
|
|
Financial Institution - Broker/Asset Mgr/Exchange—0.8%
|
|
160,000
|
|
Jefferies Financial Group LLC, Sr. Unsecd. Note, 5.875%, 7/21/2028
|
162,967
|
575,000
|
|
Jefferies Group LLC, Sr. Unsecd. Note, 2.750%, 10/15/2032
|
467,479
|
200,000
|
|
Raymond James Financial, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2030
|
197,522
|
200,000
|
|
Stifel Financial Corp., Sr. Unsecd. Note, 4.000%, 5/15/2030
|
182,881
|
300,000
|
|
Stifel Financial Corp., Sr. Unsecd. Note, 4.250%, 7/18/2024
|
298,381
|
|
|
TOTAL
|
1,309,230
|
|
|
Financial Institution - Finance Companies—2.3%
|
|
500,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 2.450%,
10/29/2026
|
464,505
|
525,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%,
10/29/2028
|
475,308
|
1,300,000
|
|
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.400%,
10/29/2033
|
1,095,616
|
505,000
|
|
Air Lease Corp., Sr. Unsecd. Note, 2.200%, 1/15/2027
|
464,654
|
500,000
|
|
Air Lease Corp., Sr. Unsecd. Note, 2.875%, 1/15/2032
|
421,297
|
400,000
|
|
Air Lease Corp., Sr. Unsecd. Note, 5.100%, 3/1/2029
|
397,664
|
460,000
|
|
Ally Financial, Inc., Sr. Unsecd. Note, 6.848%, 1/3/2030
|
473,799
|
|
|
TOTAL
|
3,792,843
|
|
|
Financial Institution - Insurance - Health—0.1%
|
|
250,000
|
|
The Cigna Group, Sr. Unsecd. Note, 4.900%, 12/15/2048
|
227,888
|
|
|
Financial Institution - Insurance - Life—0.7%
|
|
545,000
|
|
Corebridge Financial, Inc., Sr. Unsecd. Note, 5.750%, 1/15/2034
|
556,400
|
110,000
|
|
Lincoln National Corp., Sr. Note, 7.000%, 6/15/2040
|
121,658
|
400,000
|
|
Lincoln National Corp., Sr. Unsecd. Note, 3.050%, 1/15/2030
|
353,589
|
100,000
|
2
|
MetLife, Inc., Jr. Sub. Note, 10.750% (3-Month USLIBOR +7.548%), 8/1/2039
|
135,754
|
50,000
|
|
Penn Mutual Life Insurance Co., Sr. Note, 144A, 7.625%, 6/15/2040
|
56,753
|
|
|
TOTAL
|
1,224,154
|
|
|
Financial Institution - Insurance - P&C—1.3%
|
|
800,000
|
|
Aon North America, Inc., 5.750%, 3/1/2054
|
820,915
|
500,000
|
|
CNA Financial Corp., Sr. Unsecd. Note, 3.900%, 5/1/2029
|
473,697
|
400,000
|
|
CNA Financial Corp., Sr. Unsecd. Note, 5.500%, 6/15/2033
|
405,676
|
120,000
|
|
Hartford Financial Services Group, Inc., Sr. Unsecd. Note, 6.625%, 4/15/2042
|
125,134
|
412,000
|
|
Liberty Mutual Group, Inc., Sr. Unsecd. Note, 144A, 4.569%, 2/1/2029
|
401,669
|
|
|
TOTAL
|
2,227,091
|
|
|
Financial Institution - REIT - Apartment—0.4%
|
|
160,000
|
|
Mid-America Apartment Communities LP, 4.000%, 11/15/2025
|
156,861
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Financial Institution - REIT - Apartment—continued
|
|
$ 150,000
|
|
Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024
|
$ 149,324
|
160,000
|
|
Mid-America Apartment Communities LP, Sr. Unsub., 1.700%, 2/15/2031
|
129,010
|
80,000
|
|
UDR, Inc., Sr. Unsecd. Note, 3.100%, 11/1/2034
|
65,132
|
200,000
|
|
UDR, Inc., Sr. Unsecd. Note, Series GMTN, 3.500%, 1/15/2028
|
187,775
|
|
|
TOTAL
|
688,102
|
|
|
Financial Institution - REIT - Healthcare—0.9%
|
|
375,000
|
|
Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031
|
298,429
|
245,000
|
|
Healthcare Trust of America, Sr. Unsecd. Note, 3.100%, 2/15/2030
|
213,498
|
300,000
|
|
Physicians Realty Trust, Sr. Unsecd. Note, 3.950%, 1/15/2028
|
286,686
|
325,000
|
|
Welltower, Inc., Sr. Unsecd. Note, 2.800%, 6/1/2031
|
278,980
|
500,000
|
|
Welltower, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029
|
478,958
|
|
|
TOTAL
|
1,556,551
|
|
|
Financial Institution - REIT - Office—1.0%
|
|
65,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 1.875%, 2/1/2033
|
49,414
|
90,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2027
|
86,940
|
100,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028
|
95,867
|
250,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 4.700%, 7/1/2030
|
242,675
|
105,000
|
|
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 5.250%, 5/15/2036
|
103,097
|
500,000
|
|
Boston Properties LP, Sr. Unsecd. Note, 2.900%, 3/15/2030
|
428,677
|
840,000
|
|
Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032
|
605,473
|
|
|
TOTAL
|
1,612,143
|
|
|
Financial Institution - REIT - Other—0.4%
|
|
160,000
|
|
ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029
|
157,201
|
175,000
|
|
WP Carey, Inc., Sr. Unsecd. Note, 3.850%, 7/15/2029
|
163,526
|
300,000
|
|
WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024
|
300,000
|
|
|
TOTAL
|
620,727
|
|
|
Financial Institution - REIT - Retail—1.0%
|
|
140,000
|
|
Kimco Realty Corp., Sr. Unsecd. Note, 2.800%, 10/1/2026
|
132,143
|
290,000
|
|
Kimco Realty Corp., Sr. Unsecd. Note, 3.800%, 4/1/2027
|
278,693
|
350,000
|
|
Kimco Realty Corp., Sr. Unsecd. Note, 6.400%, 3/1/2034
|
374,885
|
300,000
|
|
Regency Centers LP, Sr. Unsecd. Note, 3.700%, 6/15/2030
|
276,914
|
170,000
|
|
Regency Centers LP, Sr. Unsecd. Note, 4.125%, 3/15/2028
|
163,955
|
460,000
|
|
Tanger Properties LP, Sr. Unsecd. Note, 3.125%, 9/1/2026
|
431,844
|
|
|
TOTAL
|
1,658,434
|
|
|
Technology—7.3%
|
|
1,070,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 4.110%, 9/15/2028
|
1,034,273
|
190,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 4.150%, 11/15/2030
|
179,751
|
300,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 2.600%, 2/15/2033
|
243,742
|
310,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.137%, 11/15/2035
|
250,566
|
10,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.187%, 11/15/2036
|
7,962
|
450,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.469%, 4/15/2034
|
385,767
|
70,000
|
|
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2051
|
53,062
|
900,000
|
|
CDW LLC / CDW Finance, Sr. Unsecd. Note, 2.670%, 12/1/2026
|
836,633
|
370,000
|
|
Concentrix Corp., Sr. Unsecd. Note, 6.650%, 8/2/2026
|
372,974
|
250,000
|
|
Dell International LLC / EMC Corp., Sr. Unsecd. Note, 4.000%, 7/15/2024
|
248,776
|
1,000,000
|
|
Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.300%, 10/1/2029
|
1,012,591
|
500,000
|
|
Equifax, Inc., Sr. Unsecd. Note, 2.350%, 9/15/2031
|
413,193
|
205,000
|
|
Equifax, Inc., Sr. Unsecd. Note, 2.600%, 12/1/2024
|
200,972
|
200,000
|
|
Experian Finance PLC., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2029
|
193,494
|
135,000
|
|
Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.100%, 3/1/2041
|
98,500
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Technology—continued
|
|
$ 375,000
|
|
Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029
|
$ 349,331
|
230,000
|
|
Fiserv, Inc., Sr. Unsecd. Note, 5.600%, 3/2/2033
|
234,579
|
450,000
|
|
Keysight Technologies, Inc., Sr. Unsecd. Note, 4.550%, 10/30/2024
|
446,881
|
155,000
|
|
Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029
|
150,321
|
245,000
|
|
Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2029
|
245,138
|
765,000
|
|
Micron Technology, Inc., Sr. Unsecd. Note, 3.366%, 11/1/2041
|
568,799
|
200,000
|
|
Micron Technology, Inc., Sr. Unsecd. Note, 4.975%, 2/6/2026
|
199,026
|
850,000
|
|
Oracle Corp., Sr. Unsecd. Note, 1.650%, 3/25/2026
|
793,808
|
1,600,000
|
|
Oracle Corp., Sr. Unsecd. Note, 3.600%, 4/1/2050
|
1,156,877
|
1,000,000
|
|
Oracle Corp., Sr. Unsecd. Note, 3.650%, 3/25/2041
|
785,685
|
550,000
|
|
Oracle Corp., Sr. Unsecd. Note, 5.550%, 2/6/2053
|
538,410
|
200,000
|
|
Oracle Corp., Sr. Unsecd. Note, 6.250%, 11/9/2032
|
214,083
|
85,000
|
|
Skyworks Solutions, Inc., Sr. Unsecd. Note, 1.800%, 6/1/2026
|
78,778
|
75,000
|
|
Total System Services, Inc., Sr. Unsecd. Note, 4.450%, 6/1/2028
|
72,619
|
80,000
|
|
Total System Services, Inc., Sr. Unsecd. Note, 4.800%, 4/1/2026
|
79,197
|
150,000
|
|
Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029
|
144,369
|
160,000
|
|
VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026
|
146,162
|
730,000
|
|
VMware, Inc., Sr. Unsecd. Note, 2.200%, 8/15/2031
|
594,363
|
|
|
TOTAL
|
12,330,682
|
|
|
Technology Services—0.8%
|
|
150,000
|
|
Fortinet, Inc., Sr. Unsecd. Note, 1.000%, 3/15/2026
|
138,089
|
710,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 1.200%, 3/1/2026
|
657,027
|
500,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027
|
461,558
|
85,000
|
|
Global Payments, Inc., Sr. Unsecd. Note, 3.200%, 8/15/2029
|
76,404
|
95,000
|
|
Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031
|
79,608
|
|
|
TOTAL
|
1,412,686
|
|
|
Transportation - Airlines—0.4%
|
|
100,000
|
|
Southwest Airlines Co., Sr. Unsecd. Note, 5.125%, 6/15/2027
|
99,846
|
495,000
|
|
Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025
|
493,138
|
|
|
TOTAL
|
592,984
|
|
|
Transportation - Railroads—0.5%
|
|
100,000
|
|
Canadian Pacific Railway Co., 7.125%, 10/15/2031
|
112,397
|
225,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 1.750%, 12/2/2026
|
206,726
|
105,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.050%, 3/5/2030
|
89,422
|
195,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 3.000%, 12/2/2041
|
166,567
|
200,000
|
|
Canadian Pacific Railway Co., Sr. Unsecd. Note, 4.700%, 5/1/2048
|
178,607
|
|
|
TOTAL
|
753,719
|
|
|
Transportation - Services—1.9%
|
|
330,000
|
|
Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 5.625%, 3/15/2042
|
336,518
|
250,000
|
|
FedEx Corp., Sr. Unsecd. Note, 3.250%, 5/15/2041
|
187,381
|
550,000
|
|
FedEx Corp., Sr. Unsecd. Note, 4.050%, 2/15/2048
|
439,211
|
725,000
|
|
GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 1.650%, 7/15/2026
|
665,131
|
315,000
|
|
GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 2.650%, 7/15/2031
|
256,718
|
300,000
|
|
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 1.700%, 6/15/2026
|
276,790
|
400,000
|
|
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 3.950%, 3/10/2025
|
393,737
|
50,000
|
|
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.350%, 1/12/2027
|
50,061
|
260,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026
|
239,849
|
220,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 2.900%, 12/1/2026
|
207,969
|
200,000
|
|
Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 5.650%, 3/1/2028
|
203,930
|
|
|
TOTAL
|
3,257,295
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Utility - Electric—6.6%
|
|
$ 130,000
|
|
AEP Texas, Inc., Sr. Unsecd. Note, 3.850%, 10/1/2025
|
$ 125,936
|
385,000
|
|
AEP Texas, Inc., Sr. Unsecd. Note, 4.700%, 5/15/2032
|
367,818
|
500,000
|
|
Ameren Corp., Sr. Unsecd. Note, 1.750%, 3/15/2028
|
441,821
|
185,000
|
|
Ameren Corp., Sr. Unsecd. Note, 1.950%, 3/15/2027
|
170,322
|
80,000
|
|
Ameren Corp., Sr. Unsecd. Note, 3.650%, 2/15/2026
|
77,464
|
180,000
|
|
American Electric Power Co., Inc., Sr. Unsecd. Note, 5.625%, 3/1/2033
|
182,829
|
200,000
|
|
Appalachian Power Co., Sr. Unsecd. Note, 7.000%, 4/1/2038
|
225,334
|
170,000
|
|
Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030
|
142,637
|
645,000
|
|
CenterPoint Energy, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2031
|
546,957
|
450,000
|
|
Constellation Energy Generation LLC, Sr. Unsecd. Note, 5.800%, 3/1/2033
|
464,051
|
70,000
|
|
Constellation Energy Generation LLC, Sr. Unsecd. Note, 6.125%, 1/15/2034
|
73,964
|
55,000
|
|
Constellation Energy Generation LLC, Sr. Unsecd. Note, 6.500%, 10/1/2053
|
60,557
|
195,000
|
|
Dominion Energy, Inc., Jr. Sub. Note, 3.071%, 8/15/2024
|
192,914
|
130,000
|
|
Dominion Energy, Inc., Sr. Unsecd. Note, 4.250%, 6/1/2028
|
126,158
|
120,000
|
|
Dominion Energy, Inc., Sr. Unsecd. Note, Series A, 1.450%, 4/15/2026
|
111,183
|
240,000
|
|
Duke Energy Corp., Sr. Unsecd. Note, 2.650%, 9/1/2026
|
226,691
|
1,200,000
|
|
Duke Energy Corp., Sr. Unsecd. Note, 6.100%, 9/15/2053
|
1,269,223
|
500,000
|
|
EDP Finance BV, Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028
|
441,400
|
300,000
|
|
EDP Finance BV, Sr. Unsecd. Note, 144A, 3.625%, 7/15/2024
|
298,197
|
475,000
|
|
Electricite de France S.A., Sr. Unsecd. Note, 144A, 6.250%, 5/23/2033
|
498,061
|
740,000
|
|
Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046
|
608,881
|
300,000
|
|
Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.250%, 7/12/2031
|
243,059
|
100,000
|
|
Exelon Corp., Sr. Unsecd. Note, 3.950%, 6/15/2025
|
98,228
|
90,000
|
|
Exelon Corp., Sr. Unsecd. Note, 4.100%, 3/15/2052
|
71,710
|
95,000
|
|
Exelon Corp., Sr. Unsecd. Note, 4.700%, 4/15/2050
|
83,333
|
180,000
|
|
FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049
|
152,507
|
242,000
|
|
Fortis, Inc./Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026
|
229,207
|
290,000
|
|
National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046
|
283,865
|
200,000
|
|
NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 3.550%, 5/1/2027
|
190,845
|
400,000
|
|
NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.050%, 2/28/2033
|
396,516
|
300,000
|
|
NiSource Finance Corp., Sr. Unsecd. Note, 3.950%, 3/30/2048
|
235,084
|
100,000
|
|
NiSource Finance Corp., Sr. Unsecd. Note, 4.375%, 5/15/2047
|
83,899
|
95,000
|
|
NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028
|
95,700
|
400,000
|
|
NiSource, Inc., Sr. Unsecd. Note, 5.400%, 6/30/2033
|
403,505
|
250,000
|
|
Northeast Utilities, Sr. Unsecd. Note, Series H, 3.150%, 1/15/2025
|
245,169
|
230,000
|
|
Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028
|
205,327
|
1,175,000
|
|
Southern Co., Jr. Sub. Note, Series B, 4.000%, 1/15/2051
|
1,131,128
|
285,000
|
|
WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028
|
252,127
|
|
|
TOTAL
|
11,053,607
|
|
|
Utility - Natural Gas—1.7%
|
|
300,000
|
|
Enbridge Energy Partners LP, 5.875%, 10/15/2025
|
301,913
|
80,000
|
|
Enbridge Energy Partners LP, Sr. Unsecd. Note, 5.500%, 9/15/2040
|
78,863
|
300,000
|
|
Enbridge, Inc., Sr. Unsecd. Note, 3.125%, 11/15/2029
|
274,001
|
600,000
|
|
Enbridge, Inc., Sr. Unsecd. Note, 5.700%, 3/8/2033
|
614,727
|
195,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031
|
164,165
|
130,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 3.950%, 9/15/2027
|
124,187
|
200,000
|
|
National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026
|
199,813
|
500,000
|
|
Sempra Energy, Jr. Sub. Note, 4.125%, 4/1/2052
|
463,773
|
260,000
|
|
Sempra Energy, Sr. Unsecd. Note, 3.700%, 4/1/2029
|
243,334
|
250,000
|
|
Sempra Energy, Sr. Unsecd. Note, 4.000%, 2/1/2048
|
195,208
|
Principal
Amount
or Shares
|
|
|
Value
|
|
|
CORPORATE BONDS—continued
|
|
|
|
Utility - Natural Gas—continued
|
|
$ 250,000
|
|
Southern Natural Gas, Sr. Unsecd. Note, 144A, 4.800%, 3/15/2047
|
$ 206,807
|
|
|
TOTAL
|
2,866,791
|
|
|
Utility - Natural Gas Distributor—0.0%
|
|
110,000
|
|
The East Ohio Gas Co., Sr. Unsecd. Note, 144A, 3.000%, 6/15/2050
|
69,688
|
|
|
TOTAL CORPORATE BONDS
(IDENTIFIED COST $176,361,293)
|
160,010,810
|
|
|
FOREIGN GOVERNMENTS/AGENCIES—1.4%
|
|
|
|
Sovereign—1.4%
|
|
700,000
|
|
Mexico, Government of, 3.750%, 1/11/2028
|
664,609
|
200,000
|
|
Mexico, Government of, Series MTN, 4.750%, 3/8/2044
|
166,464
|
206,000
|
|
Mexico, Government of, Series MTNA, 6.750%, 9/27/2034
|
219,402
|
800,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 3.250%, 4/16/2030
|
712,058
|
250,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 4.500%, 4/22/2029
|
241,622
|
300,000
|
|
Mexico, Government of, Sr. Unsecd. Note, 4.500%, 1/31/2050
|
235,909
|
190,000
|
|
Peru, Government of, 6.550%, 3/14/2037
|
206,150
|
|
|
TOTAL FOREIGN GOVERNMENTS/AGENCIES
(IDENTIFIED COST $2,708,763)
|
2,446,214
|
|
|
REPURCHASE AGREEMENT—2.8%
|
|
4,654,000
|
|
Interest in $1,772,000,000 joint repurchase agreement 5.34%, dated 3/28/2024 under
which Bank of America, N.A. will
repurchase securities provided as collateral for $1,773,051,387 on 4/1/2024. 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 $1,807,708,104.
(IDENTIFIED COST $4,654,000)
|
4,654,000
|
|
|
INVESTMENT COMPANY—0.3%
|
|
490,585
|
|
Federated Hermes Government Obligations Fund, Premier Shares, 5.24%
(IDENTIFIED COST $490,585)
|
490,585
|
|
|
TOTAL INVESTMENT IN SECURITIES—99.5%
(IDENTIFIED COST $184,214,641)
|
167,601,609
|
|
|
OTHER ASSETS AND LIABILITIES - NET—0.5%3
|
866,986
|
|
|
TOTAL NET ASSETS—100%
|
$168,468,595
|
Description
|
Number of
Contracts
|
Notional
Value
|
Expiration
Date
|
Value and
Unrealized
Appreciation
|
Long Futures:
|
|
|
|
|
United States Treasury Notes 5-Year Long Futures
|
60
|
$6,420,938
|
June 2024
|
$11,580
|
United States Treasury Notes 10-Year Long Futures
|
15
|
$1,661,953
|
June 2024
|
$6,294
|
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS
|
$17,874
|
|
Federated Hermes
Government
Obligations Fund,
Premier Shares*
|
Value as of 12/31/2023
|
$855,748
|
Purchases at Cost
|
$4,154,318
|
Proceeds from Sales
|
$(4,519,481)
|
Change in Unrealized Appreciation/Depreciation
|
$—
|
Net Realized Gain/(Loss)
|
$—
|
Value as of 3/31/2024
|
$490,585
|
Shares Held as of 3/31/2024
|
490,585
|
Dividend Income
|
$9,175
|
*
|
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, 2024, securities subject to this type of arrangement and
related collateral were as follows:
|
Fair Value of
Securities Loaned
|
Collateral
Received
|
$490,585
|
$477,164
|
2
|
Floating/variable note with current rate and current maturity or next reset date shown.
|
3
|
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
|
$—
|
$160,010,810
|
$—
|
$160,010,810
|
Foreign Governments/Agencies
|
—
|
2,446,214
|
—
|
2,446,214
|
Repurchase Agreement
|
—
|
4,654,000
|
—
|
4,654,000
|
Investment Company
|
490,585
|
—
|
—
|
490,585
|
TOTAL SECURITIES
|
$490,585
|
$167,111,024
|
$—
|
$167,601,609
|
Other Financial Instruments:1
|
|
|
|
|
Assets
|
$17,874
|
$—
|
$—
|
$17,874
|
TOTAL OTHER FINANCIAL INSTRUMENTS
|
$17,874
|
$—
|
$—
|
$17,874
|
1
|
Other financial instruments are futures contracts.
|
The following acronym(s) are used throughout this portfolio:
|
|
|
BKNT
|
—Bank Notes
|
|
GMTN
|
—Global Medium Term Note
|
|
MTN
|
—Medium Term Note
|
|
REIT
|
—Real Estate Investment Trust
|