Avantis Core Fixed Income ETF - Schedule of Investments | ||
MAY 31, 2024 (UNAUDITED) |
Principal Amount ($)/Shares | Value ($) | |||||||
CORPORATE BONDS — 62.9% | ||||||||
Aerospace and Defense — 1.6% | ||||||||
Boeing Co., 2.20%, 2/4/26 | 710,000 | 666,633 | ||||||
Boeing Co., 5.04%, 5/1/27 | 635,000 | 620,782 | ||||||
General Dynamics Corp., 3.625%, 4/1/30 | 355,000 | 330,482 | ||||||
General Dynamics Corp., 4.25%, 4/1/40 | 1,353,000 | 1,191,182 | ||||||
Huntington Ingalls Industries, Inc., 3.48%, 12/1/27 | 1,115,000 | 1,044,996 | ||||||
Lockheed Martin Corp., 3.55%, 1/15/26 | 338,000 | 329,562 | ||||||
Lockheed Martin Corp., 5.10%, 11/15/27 | 200,000 | 201,080 | ||||||
Lockheed Martin Corp., 3.90%, 6/15/32 | 678,000 | 628,192 | ||||||
Lockheed Martin Corp., 5.25%, 1/15/33 | 2,423,000 | 2,456,147 | ||||||
Lockheed Martin Corp., 4.75%, 2/15/34 | 400,000 | 387,623 | ||||||
Lockheed Martin Corp., 4.50%, 5/15/36 | 1,588,000 | 1,479,322 | ||||||
Northrop Grumman Corp., 2.93%, 1/15/25(1) | 170,000 | 167,279 | ||||||
Precision Castparts Corp., 3.25%, 6/15/25 | 630,000 | 617,383 | ||||||
RTX Corp., 3.50%, 3/15/27 | 215,000 | 205,925 | ||||||
RTX Corp., 6.05%, 6/1/36 | 175,000 | 181,247 | ||||||
RTX Corp., 4.45%, 11/16/38 | 250,000 | 220,914 | ||||||
Textron, Inc., 3.65%, 3/15/27 | 61,000 | 58,301 | ||||||
Textron, Inc., 3.90%, 9/17/29 | 150,000 | 140,014 | ||||||
Textron, Inc., 2.45%, 3/15/31 | 489,000 | 408,087 | ||||||
11,335,151 | ||||||||
Air Freight and Logistics — 0.2% | ||||||||
United Parcel Service, Inc., 6.20%, 1/15/38 | 510,000 | 553,665 | ||||||
United Parcel Service, Inc., 4.875%, 11/15/40 | 761,000 | 716,315 | ||||||
1,269,980 | ||||||||
Automobiles — 1.0% | ||||||||
American Honda Finance Corp., 1.00%, 9/10/25 | 200,000 | 189,211 | ||||||
American Honda Finance Corp., 1.30%, 9/9/26 | 300,000 | 275,096 | ||||||
American Honda Finance Corp., 2.35%, 1/8/27 | 762,000 | 712,140 | ||||||
American Honda Finance Corp., 2.00%, 3/24/28 | 250,000 | 223,810 | ||||||
American Honda Finance Corp., 5.125%, 7/7/28 | 180,000 | 180,493 | ||||||
General Motors Co., 4.00%, 4/1/25 | 100,000 | 98,589 | ||||||
General Motors Co., 4.20%, 10/1/27 | 322,000 | 309,413 | ||||||
General Motors Financial Co., Inc., 4.35%, 4/9/25 | 100,000 | 98,862 | ||||||
General Motors Financial Co., Inc., 6.05%, 10/10/25 | 350,000 | 351,860 | ||||||
General Motors Financial Co., Inc., 4.00%, 10/6/26 | 350,000 | 338,257 | ||||||
General Motors Financial Co., Inc., 5.65%, 1/17/29 | 400,000 | 400,893 | ||||||
General Motors Financial Co., Inc., 2.35%, 1/8/31 | 90,000 | 73,476 | ||||||
General Motors Financial Co., Inc., 6.40%, 1/9/33 | 410,000 | 424,582 | ||||||
Toyota Motor Corp., 2.36%, 3/25/31 | 221,000 | 189,148 | ||||||
Toyota Motor Credit Corp., 3.95%, 6/30/25 | 1,095,000 | 1,080,149 | ||||||
Toyota Motor Credit Corp., 3.05%, 3/22/27 | 465,000 | 440,770 | ||||||
Toyota Motor Credit Corp., 1.90%, 4/6/28 | 200,000 | 178,789 | ||||||
Toyota Motor Credit Corp., 2.15%, 2/13/30 | 150,000 | 128,613 | ||||||
Toyota Motor Credit Corp., 3.375%, 4/1/30 | 965,000 | 884,427 | ||||||
Toyota Motor Credit Corp., 1.65%, 1/10/31 | 957,000 | 771,851 | ||||||
7,350,429 | ||||||||
Banks — 8.6% | ||||||||
African Development Bank, 0.875%, 3/23/26 | 1,035,000 | 961,900 | ||||||
African Development Bank, 4.375%, 11/3/27 | 450,000 | 444,775 |
Asian Development Bank, 4.125%, 9/27/24 | 889,000 | 885,178 | ||||||
Asian Development Bank, 0.625%, 4/29/25 | 985,000 | 944,684 | ||||||
Asian Development Bank, 2.875%, 5/6/25 | 200,000 | 195,680 | ||||||
Asian Development Bank, 1.00%, 4/14/26 | 491,000 | 456,564 | ||||||
Asian Development Bank, 3.125%, 4/27/32 | 170,000 | 153,236 | ||||||
Asian Infrastructure Investment Bank, 0.50%, 5/28/25 | 1,602,000 | 1,528,910 | ||||||
Asian Infrastructure Investment Bank, 0.50%, 1/27/26 | 235,000 | 218,139 | ||||||
Asian Infrastructure Investment Bank, 3.75%, 9/14/27 | 889,000 | 861,920 | ||||||
Asian Infrastructure Investment Bank, 4.00%, 1/18/28(1) | 914,000 | 891,929 | ||||||
Australia & New Zealand Banking Group Ltd., 5.09%, 12/8/25 | 1,750,000 | 1,746,699 | ||||||
Bank of America Corp., 5.875%, 2/7/42 | 1,940,000 | 2,037,596 | ||||||
Bank of Montreal, 5.20%, 12/12/24 | 600,000 | 598,883 | ||||||
Bank of Montreal, 5.20%, 2/1/28 | 70,000 | 70,148 | ||||||
Bank of Montreal, Series H, 4.25%, 9/14/24 | 140,000 | 139,437 | ||||||
Bank of Nova Scotia, 5.25%, 12/6/24 | 255,000 | 254,485 | ||||||
Bank of Nova Scotia, 2.20%, 2/3/25 | 200,000 | 195,528 | ||||||
Bank of Nova Scotia, 3.45%, 4/11/25 | 200,000 | 196,487 | ||||||
Bank of Nova Scotia, 2.70%, 8/3/26 | 450,000 | 425,552 | ||||||
Bank of Nova Scotia, 2.15%, 8/1/31 | 600,000 | 489,129 | ||||||
Canadian Imperial Bank of Commerce, 3.60%, 4/7/32 | 300,000 | 264,876 | ||||||
Citigroup, Inc., 3.20%, 10/21/26 | 2,338,000 | 2,223,515 | ||||||
Commonwealth Bank of Australia, 5.08%, 1/10/25 | 1,400,000 | 1,396,550 | ||||||
Cooperatieve Rabobank UA, 5.25%, 5/24/41 | 275,000 | 274,344 | ||||||
Council of Europe Development Bank, 0.875%, 9/22/26 | 313,000 | 285,806 | ||||||
Council of Europe Development Bank, 4.125%, 1/24/29 | 450,000 | 440,868 | ||||||
Discover Bank, 4.65%, 9/13/28 | 600,000 | 574,475 | ||||||
European Bank for Reconstruction & Development, 1.50%, 2/13/25 | 386,000 | 375,880 | ||||||
European Bank for Reconstruction & Development, 0.50%, 5/19/25 | 1,231,000 | 1,176,244 | ||||||
European Bank for Reconstruction & Development, 4.125%, 1/25/29 | 400,000 | 391,714 | ||||||
European Investment Bank, 2.25%, 6/24/24 | 392,000 | 391,267 | ||||||
European Investment Bank, 2.75%, 8/15/25 | 1,285,000 | 1,249,186 | ||||||
European Investment Bank, 4.375%, 3/19/27 | 885,000 | 876,313 | ||||||
European Investment Bank, 0.75%, 9/23/30 | 336,000 | 266,815 | ||||||
European Investment Bank, 4.875%, 2/15/36 | 397,000 | 403,885 | ||||||
Export Development Canada, 3.875%, 2/14/28 | 960,000 | 933,102 | ||||||
Inter-American Development Bank, 3.25%, 7/1/24 | 220,000 | 219,618 | ||||||
Inter-American Development Bank, 0.875%, 4/3/25 | 973,000 | 937,958 | ||||||
Inter-American Development Bank, 0.625%, 7/15/25 | 1,361,000 | 1,294,051 | ||||||
Inter-American Development Bank, 3.125%, 9/18/28 | 504,000 | 474,200 | ||||||
International Bank for Reconstruction & Development, 0.375%, 7/28/25 | 950,000 | 899,353 | ||||||
International Bank for Reconstruction & Development, 2.50%, 7/29/25 | 470,000 | 455,956 | ||||||
International Bank for Reconstruction & Development, 0.50%, 10/28/25 | 529,000 | 496,196 | ||||||
International Bank for Reconstruction & Development, 0.75%, 11/24/27 | 935,000 | 817,625 | ||||||
International Bank for Reconstruction & Development, 1.75%, 10/23/29 | 500,000 | 432,421 | ||||||
International Bank for Reconstruction & Development, 0.875%, 5/14/30 | 1,165,000 | 940,865 | ||||||
International Bank for Reconstruction & Development, 1.25%, 2/10/31 | 500,000 | 404,032 | ||||||
International Finance Corp., 0.75%, 10/8/26 | 245,000 | 223,026 | ||||||
JPMorgan Chase & Co., 3.125%, 1/23/25 | 100,000 | 98,549 | ||||||
JPMorgan Chase & Co., 5.50%, 10/15/40 | 2,442,000 | 2,464,098 | ||||||
Kreditanstalt fuer Wiederaufbau, 1.25%, 1/31/25 | 250,000 | 243,484 | ||||||
Kreditanstalt fuer Wiederaufbau, 2.00%, 5/2/25(1) | 1,116,000 | 1,084,906 | ||||||
Kreditanstalt fuer Wiederaufbau, 5.125%, 9/29/25 | 650,000 | 649,984 | ||||||
Kreditanstalt fuer Wiederaufbau, 3.625%, 4/1/26 | 885,000 | 864,500 | ||||||
Landwirtschaftliche Rentenbank, 2.00%, 1/13/25 | 436,000 | 427,048 | ||||||
Landwirtschaftliche Rentenbank, 0.50%, 5/27/25 | 1,157,000 | 1,104,472 |
Landwirtschaftliche Rentenbank, 0.875%, 3/30/26 | 501,000 | 465,511 | ||||||
Landwirtschaftliche Rentenbank, Series 44, 3.875%, 6/14/28 | 500,000 | 485,993 | ||||||
Lloyds Banking Group PLC, 4.55%, 8/16/28 | 60,000 | 58,104 | ||||||
Mitsubishi UFJ Financial Group, Inc., 3.74%, 3/7/29 | 85,000 | 79,937 | ||||||
Mitsubishi UFJ Financial Group, Inc., 2.05%, 7/17/30 | 120,000 | 99,647 | ||||||
National Australia Bank Ltd., 5.13%, 11/22/24 | 1,100,000 | 1,098,304 | ||||||
Nordic Investment Bank, 2.625%, 4/4/25 | 1,015,000 | 992,664 | ||||||
Oesterreichische Kontrollbank AG, 1.50%, 2/12/25 | 909,000 | 885,193 | ||||||
Oesterreichische Kontrollbank AG, 0.375%, 9/17/25 | 935,000 | 880,034 | ||||||
PNC Financial Services Group, Inc., 3.15%, 5/19/27 | 1,283,000 | 1,215,878 | ||||||
Royal Bank of Canada, 5.66%, 10/25/24 | 804,000 | 803,885 | ||||||
Royal Bank of Canada, 4.90%, 1/12/28 | 325,000 | 322,111 | ||||||
Royal Bank of Canada, 3.875%, 5/4/32 | 910,000 | 829,659 | ||||||
Royal Bank of Canada, 5.00%, 2/1/33 | 80,000 | 78,494 | ||||||
Royal Bank of Canada, 5.00%, 5/2/33(1) | 621,000 | 612,013 | ||||||
Santander Holdings USA, Inc., 4.50%, 7/17/25 | 200,000 | 196,768 | ||||||
Sumitomo Mitsui Financial Group, Inc., 1.40%, 9/17/26 | 150,000 | 137,362 | ||||||
Sumitomo Mitsui Financial Group, Inc., 3.45%, 1/11/27 | 175,000 | 167,456 | ||||||
Sumitomo Mitsui Financial Group, Inc., 3.36%, 7/12/27 | 260,000 | 246,330 | ||||||
Sumitomo Mitsui Financial Group, Inc., 2.13%, 7/8/30 | 50,000 | 41,633 | ||||||
Toronto-Dominion Bank, 0.75%, 1/6/26 | 782,000 | 727,970 | ||||||
Toronto-Dominion Bank, 4.11%, 6/8/27 | 2,420,000 | 2,345,603 | ||||||
Toronto-Dominion Bank, 3.20%, 3/10/32 | 250,000 | 215,687 | ||||||
U.S. Bancorp, 3.90%, 4/26/28 | 690,000 | 659,732 | ||||||
U.S. Bancorp, 1.375%, 7/22/30 | 996,000 | 797,020 | ||||||
Wells Fargo & Co., 3.55%, 9/29/25 | 1,033,000 | 1,007,561 | ||||||
Wells Fargo & Co., 3.00%, 10/23/26 | 1,352,000 | 1,282,491 | ||||||
Wells Fargo & Co., 4.15%, 1/24/29 | 665,000 | 637,482 | ||||||
Westpac Banking Corp., 2.35%, 2/19/25 | 185,000 | 181,048 | ||||||
Westpac Banking Corp., 2.70%, 8/19/26 | 300,000 | 284,937 | ||||||
Westpac Banking Corp., 3.35%, 3/8/27 | 2,044,000 | 1,956,513 | ||||||
Westpac Banking Corp., 5.46%, 11/18/27 | 1,091,000 | 1,105,483 | ||||||
Westpac Banking Corp., 2.15%, 6/3/31 | 310,000 | 256,948 | ||||||
60,909,492 | ||||||||
Beverages — 1.4% | ||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 2/1/36 | 1,914,000 | 1,808,134 | ||||||
Anheuser-Busch InBev Finance, Inc., 4.70%, 2/1/36 | 100,000 | 94,469 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 4.90%, 1/23/31 | 225,000 | 224,712 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 8.20%, 1/15/39 | 472,000 | 598,128 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 5.45%, 1/23/39 | 461,000 | 462,638 | ||||||
Anheuser-Busch InBev Worldwide, Inc., 4.35%, 6/1/40 | 879,000 | 773,228 | ||||||
Brown-Forman Corp., 4.75%, 4/15/33 | 1,573,000 | 1,532,540 | ||||||
Coca-Cola Co., 3.45%, 3/25/30 | 1,078,000 | 1,000,246 | ||||||
Coca-Cola Co., 1.65%, 6/1/30 | 125,000 | 103,828 | ||||||
Coca-Cola Co., 1.375%, 3/15/31(1) | 1,064,000 | 848,810 | ||||||
Keurig Dr Pepper, Inc., 2.55%, 9/15/26 | 60,000 | 56,482 | ||||||
Keurig Dr Pepper, Inc., 3.20%, 5/1/30 | 659,000 | 591,725 | ||||||
Molson Coors Beverage Co., 3.00%, 7/15/26 | 1,261,000 | 1,201,668 | ||||||
PepsiCo, Inc., 1.625%, 5/1/30 | 752,000 | 626,068 | ||||||
PepsiCo, Inc., 1.95%, 10/21/31 | 185,000 | 151,296 | ||||||
10,073,972 | ||||||||
Biotechnology — 0.6% | ||||||||
AbbVie, Inc., 2.60%, 11/21/24 | 200,000 | 197,222 | ||||||
AbbVie, Inc., 3.20%, 11/21/29 | 542,000 | 494,300 | ||||||
AbbVie, Inc., 4.50%, 5/14/35 | 3,024,000 | 2,835,842 |
Amgen, Inc., 5.25%, 3/2/25 | 130,000 | 129,705 | ||||||
Amgen, Inc., 2.80%, 8/15/41 | 55,000 | 38,762 | ||||||
Amgen, Inc., 5.15%, 11/15/41 | 425,000 | 400,395 | ||||||
Gilead Sciences, Inc., 5.65%, 12/1/41 | 325,000 | 326,762 | ||||||
4,422,988 | ||||||||
Broadline Retail — 0.3% | ||||||||
Amazon.com, Inc., 5.20%, 12/3/25 | 710,000 | 711,235 | ||||||
Amazon.com, Inc., 1.20%, 6/3/27 | 600,000 | 539,085 | ||||||
Amazon.com, Inc., 4.70%, 12/1/32 | 520,000 | 512,049 | ||||||
eBay, Inc., 6.30%, 11/22/32 | 565,000 | 598,309 | ||||||
2,360,678 | ||||||||
Capital Markets — 2.1% | ||||||||
Affiliated Managers Group, Inc., 3.30%, 6/15/30 | 75,000 | 66,461 | ||||||
Ameriprise Financial, Inc., 3.70%, 10/15/24 | 475,000 | 471,633 | ||||||
Ameriprise Financial, Inc., 5.70%, 12/15/28 | 250,000 | 255,527 | ||||||
Ameriprise Financial, Inc., 5.15%, 5/15/33 | 829,000 | 826,930 | ||||||
Bank of New York Mellon Corp., 3.85%, 4/26/29 | 601,000 | 572,952 | ||||||
BlackRock, Inc., 3.25%, 4/30/29 | 1,041,000 | 965,320 | ||||||
BlackRock, Inc., 1.90%, 1/28/31 | 250,000 | 206,460 | ||||||
Brookfield Finance, Inc., 3.90%, 1/25/28 | 1,091,000 | 1,042,569 | ||||||
Cboe Global Markets, Inc., 3.00%, 3/16/32 | 500,000 | 428,926 | ||||||
Charles Schwab Corp., 3.20%, 3/2/27 | 760,000 | 721,288 | ||||||
Charles Schwab Corp., 4.00%, 2/1/29 | 550,000 | 527,628 | ||||||
CME Group, Inc., 5.30%, 9/15/43 | 200,000 | 200,408 | ||||||
Franklin Resources, Inc., 1.60%, 10/30/30 | 803,000 | 646,405 | ||||||
Goldman Sachs Group, Inc., 5.70%, 11/1/24 | 140,000 | 140,015 | ||||||
Goldman Sachs Group, Inc., 3.50%, 1/23/25 | 50,000 | 49,325 | ||||||
Goldman Sachs Group, Inc., 3.50%, 4/1/25 | 810,000 | 796,085 | ||||||
Goldman Sachs Group, Inc., 3.85%, 1/26/27 | 1,865,000 | 1,801,115 | ||||||
Goldman Sachs Group, Inc., 3.80%, 3/15/30 | 365,000 | 339,085 | ||||||
Intercontinental Exchange, Inc., 4.35%, 6/15/29 | 135,000 | 130,509 | ||||||
Intercontinental Exchange, Inc., 4.60%, 3/15/33 | 200,000 | 190,511 | ||||||
Morgan Stanley, 3.70%, 10/23/24 | 386,000 | 383,109 | ||||||
Morgan Stanley, 3.625%, 1/20/27 | 125,000 | 120,278 | ||||||
Morgan Stanley, 7.25%, 4/1/32 | 2,612,000 | 2,953,291 | ||||||
Nasdaq, Inc., 5.55%, 2/15/34 | 450,000 | 449,534 | ||||||
State Street Corp., 3.30%, 12/16/24 | 200,000 | 197,711 | ||||||
14,483,075 | ||||||||
Chemicals — 2.2% | ||||||||
CF Industries, Inc., 5.15%, 3/15/34 | 2,323,000 | 2,223,150 | ||||||
Dow Chemical Co., 4.80%, 11/30/28 | 1,371,000 | 1,357,181 | ||||||
DuPont de Nemours, Inc., 5.32%, 11/15/38 | 2,686,000 | 2,705,733 | ||||||
Eastman Chemical Co., 3.80%, 3/15/25 | 1,911,000 | 1,885,297 | ||||||
Eastman Chemical Co., 5.75%, 3/8/33 | 400,000 | 403,567 | ||||||
LYB International Finance III LLC, 5.625%, 5/15/33 | 864,000 | 878,163 | ||||||
Mosaic Co., 5.375%, 11/15/28 | 250,000 | 250,102 | ||||||
Mosaic Co., 5.45%, 11/15/33(1) | 1,939,000 | 1,915,796 | ||||||
Nutrien Ltd., 2.95%, 5/13/30 | 632,000 | 557,765 | ||||||
RPM International, Inc., 4.55%, 3/1/29 | 1,049,000 | 1,011,524 | ||||||
Westlake Corp., 3.60%, 8/15/26 | 570,000 | 547,461 | ||||||
Westlake Corp., 3.375%, 6/15/30 | 1,925,000 | 1,725,733 | ||||||
15,461,472 | ||||||||
Commercial Services and Supplies — 0.2% | ||||||||
Cintas Corp. No. 2, 3.45%, 5/1/25 | 1,286,000 | 1,263,313 | ||||||
Republic Services, Inc., 5.00%, 4/1/34 | 100,000 | 97,628 |
Waste Management, Inc., 1.15%, 3/15/28 | 50,000 | 43,510 | ||||||
Waste Management, Inc., 4.625%, 2/15/30 | 265,000 | 259,683 | ||||||
1,664,134 | ||||||||
Construction and Engineering — 0.1% | ||||||||
Quanta Services, Inc., 2.90%, 10/1/30 | 1,006,000 | 877,893 | ||||||
Quanta Services, Inc., 2.35%, 1/15/32 | 100,000 | 80,977 | ||||||
958,870 | ||||||||
Consumer Finance — 0.4% | ||||||||
American Express Co., 3.00%, 10/30/24 | 495,000 | 489,755 | ||||||
American Express Co., 3.95%, 8/1/25 | 859,000 | 844,767 | ||||||
American Express Co., 1.65%, 11/4/26 | 125,000 | 114,704 | ||||||
American Express Co., 4.05%, 5/3/29 | 320,000 | 306,962 | ||||||
Capital One Financial Corp., 3.80%, 1/31/28 | 946,000 | 896,831 | ||||||
2,653,019 | ||||||||
Consumer Staples Distribution & Retail — 1.4% | ||||||||
Dollar General Corp., 4.125%, 5/1/28 | 600,000 | 577,426 | ||||||
Dollar General Corp., 5.00%, 11/1/32 | 450,000 | 438,213 | ||||||
Dollar Tree, Inc., 4.20%, 5/15/28 | 2,484,000 | 2,381,717 | ||||||
Kroger Co., 7.50%, 4/1/31 | 60,000 | 67,153 | ||||||
Target Corp., 3.375%, 4/15/29 | 50,000 | 46,835 | ||||||
Target Corp., 2.65%, 9/15/30 | 946,000 | 833,089 | ||||||
Target Corp., 4.50%, 9/15/32(1) | 550,000 | 527,868 | ||||||
Target Corp., 6.50%, 10/15/37 | 3,120,000 | 3,453,483 | ||||||
Walmart, Inc., 2.85%, 7/8/24 | 500,000 | 498,705 | ||||||
Walmart, Inc., 3.55%, 6/26/25 | 662,000 | 650,544 | ||||||
Walmart, Inc., 4.15%, 9/9/32(1) | 160,000 | 153,807 | ||||||
Walmart, Inc., 4.10%, 4/15/33(1) | 465,000 | 440,864 | ||||||
10,069,704 | ||||||||
Containers and Packaging — 0.1% | ||||||||
Sonoco Products Co., 2.85%, 2/1/32 | 494,000 | 412,955 | ||||||
Diversified Consumer Services — 0.1% | ||||||||
Novant Health, Inc., 2.64%, 11/1/36 | 536,000 | 402,060 | ||||||
Trustees of Princeton University, 5.70%, 3/1/39 | 215,000 | 230,038 | ||||||
632,098 | ||||||||
Diversified REITs — 0.9% | ||||||||
American Homes 4 Rent LP, 4.25%, 2/15/28 | 1,112,000 | 1,062,599 | ||||||
Boston Properties LP, 3.65%, 2/1/26 | 250,000 | 240,822 | ||||||
Invitation Homes Operating Partnership LP, 2.70%, 1/15/34 | 205,000 | 161,101 | ||||||
Prologis LP, 2.25%, 4/15/30 | 1,580,000 | 1,348,768 | ||||||
Prologis LP, 1.625%, 3/15/31 | 325,000 | 258,327 | ||||||
Simon Property Group LP, 5.50%, 3/8/33 | 631,000 | 632,788 | ||||||
Simon Property Group LP, 6.75%, 2/1/40 | 350,000 | 381,797 | ||||||
Simon Property Group LP, 4.75%, 3/15/42 | 1,845,000 | 1,629,133 | ||||||
Ventas Realty LP, 3.50%, 2/1/25 | 401,000 | 394,685 | ||||||
6,110,020 | ||||||||
Diversified Telecommunication Services — 0.8% | ||||||||
AT&T, Inc., 2.25%, 2/1/32 | 200,000 | 161,329 | ||||||
AT&T, Inc., 4.90%, 8/15/37 | 150,000 | 139,187 | ||||||
Deutsche Telekom International Finance BV, 8.75%, 6/15/30 | 2,188,000 | 2,552,544 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 431,000 | 455,480 | ||||||
Sprint Capital Corp., 8.75%, 3/15/32 | 55,000 | 65,782 | ||||||
Verizon Communications, Inc., 3.15%, 3/22/30 | 65,000 | 58,281 | ||||||
Verizon Communications, Inc., 2.55%, 3/21/31 | 637,000 | 537,285 | ||||||
Verizon Communications, Inc., 5.05%, 5/9/33 | 100,000 | 98,440 | ||||||
Verizon Communications, Inc., 4.50%, 8/10/33 | 392,000 | 367,811 |
Verizon Communications, Inc., 6.40%, 9/15/33 | 250,000 | 272,629 | ||||||
Verizon Communications, Inc., 4.40%, 11/1/34 | 1,303,000 | 1,201,940 | ||||||
5,910,708 | ||||||||
Electric Utilities — 4.2% | ||||||||
AEP Texas, Inc., 5.40%, 6/1/33 | 150,000 | 146,093 | ||||||
Alabama Power Co., 5.85%, 11/15/33 | 150,000 | 155,714 | ||||||
Alabama Power Co., 6.00%, 3/1/39 | 100,000 | 103,587 | ||||||
American Electric Power Co., Inc., 2.30%, 3/1/30 | 200,000 | 168,833 | ||||||
American Electric Power Co., Inc., 5.95%, 11/1/32 | 1,091,000 | 1,115,511 | ||||||
Berkshire Hathaway Energy Co., 5.95%, 5/15/37 | 140,000 | 143,647 | ||||||
CenterPoint Energy Houston Electric LLC, 6.95%, 3/15/33 | 1,946,000 | 2,160,685 | ||||||
Commonwealth Edison Co., 5.90%, 3/15/36 | 2,612,000 | 2,704,241 | ||||||
Constellation Energy Generation LLC, 6.25%, 10/1/39 | 400,000 | 415,083 | ||||||
Constellation Energy Generation LLC, 5.60%, 6/15/42 | 80,000 | 76,994 | ||||||
DTE Electric Co., 2.25%, 3/1/30 | 1,165,000 | 998,445 | ||||||
DTE Electric Co., Series C, 2.625%, 3/1/31 | 626,000 | 534,545 | ||||||
Duke Energy Carolinas LLC, Series A, 6.00%, 12/1/28 | 1,459,000 | 1,511,790 | ||||||
Duke Energy Ohio, Inc., 2.125%, 6/1/30 | 310,000 | 259,544 | ||||||
Duke Energy Ohio, Inc., 5.25%, 4/1/33 | 250,000 | 247,863 | ||||||
Edison International, 4.95%, 4/15/25 | 100,000 | 99,253 | ||||||
Enel Americas SA, 4.00%, 10/25/26 | 85,000 | 81,491 | ||||||
Entergy Arkansas LLC, 4.00%, 6/1/28 | 599,000 | 574,753 | ||||||
Entergy Louisiana LLC, 2.40%, 10/1/26 | 651,000 | 610,227 | ||||||
Entergy Louisiana LLC, 3.05%, 6/1/31 | 302,000 | 261,575 | ||||||
Exelon Corp., 4.95%, 6/15/35 | 399,000 | 371,393 | ||||||
MidAmerican Energy Co., 6.75%, 12/30/31 | 1,091,000 | 1,212,159 | ||||||
MidAmerican Energy Co., 5.35%, 1/15/34 | 100,000 | 101,074 | ||||||
National Grid USA, 5.80%, 4/1/35 | 100,000 | 97,981 | ||||||
Nevada Power Co., series N, 6.65%, 4/1/36 | 925,000 | 996,377 | ||||||
NextEra Energy Capital Holdings, Inc., 6.05%, 3/1/25 | 936,000 | 938,116 | ||||||
NextEra Energy Capital Holdings, Inc., 2.25%, 6/1/30 | 2,004,000 | 1,693,149 | ||||||
NextEra Energy Capital Holdings, Inc., 5.00%, 7/15/32 | 100,000 | 97,471 | ||||||
Northern States Power Co., 6.25%, 6/1/36 | 2,119,000 | 2,264,390 | ||||||
PacifiCorp, 2.70%, 9/15/30 | 490,000 | 420,249 | ||||||
PPL Electric Utilities Corp., 5.00%, 5/15/33 | 803,000 | 788,319 | ||||||
PPL Electric Utilities Corp., 6.25%, 5/15/39 | 1,783,000 | 1,916,561 | ||||||
Public Service Electric & Gas Co., 4.90%, 12/15/32 | 300,000 | 293,105 | ||||||
Puget Energy, Inc., 4.10%, 6/15/30 | 307,000 | 280,626 | ||||||
Southern California Edison Co., 6.65%, 4/1/29 | 500,000 | 525,027 | ||||||
Southern California Edison Co., 6.05%, 3/15/39 | 366,000 | 373,937 | ||||||
Southern California Edison Co., Series 2004-B, 6.00%, 1/15/34 | 350,000 | 361,327 | ||||||
Southern California Edison Co., Series 2005-E, 5.35%, 7/15/35 | 250,000 | 245,718 | ||||||
Southern Co., 5.70%, 3/15/34 | 150,000 | 152,278 | ||||||
Southern Co. Gas Capital Corp., 5.15%, 9/15/32 | 100,000 | 98,814 | ||||||
Union Electric Co., 2.95%, 3/15/30 | 2,071,000 | 1,836,191 | ||||||
Virginia Electric & Power Co., 5.30%, 8/15/33 | 100,000 | 98,848 | ||||||
Virginia Electric & Power Co., Series B, 6.00%, 1/15/36 | 656,000 | 677,829 | ||||||
Wisconsin Power & Light Co., 3.00%, 7/1/29 | 422,000 | 383,720 | ||||||
Xcel Energy, Inc., 3.30%, 6/1/25 | 160,000 | 156,253 | ||||||
Xcel Energy, Inc., 5.45%, 8/15/33 | 690,000 | 677,833 | ||||||
29,428,619 | ||||||||
Electronic Equipment, Instruments and Components — 0.3% | ||||||||
Flex Ltd., 3.75%, 2/1/26 | 100,000 | 96,816 | ||||||
Trimble, Inc., 4.90%, 6/15/28 | 500,000 | 490,808 | ||||||
Tyco Electronics Group SA, 3.125%, 8/15/27 | 1,356,000 | 1,278,712 | ||||||
1,866,336 | ||||||||
Energy Equipment and Services — 0.2% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc., 3.34%, 12/15/27(1) | 317,000 | 298,716 | ||||||
Halliburton Co., 7.45%, 9/15/39 | 693,000 | 823,983 | ||||||
Schlumberger Investment SA, 2.65%, 6/26/30 | 477,000 | 417,865 | ||||||
1,540,564 | ||||||||
Entertainment — 0.2% | ||||||||
Netflix, Inc., 4.875%, 4/15/28 | 520,000 | 515,577 | ||||||
Take-Two Interactive Software, Inc., 3.55%, 4/14/25 | 150,000 | 147,456 | ||||||
TWDC Enterprises 18 Corp., Series B, 7.00%, 3/1/32 | 450,000 | 504,540 | ||||||
1,167,573 | ||||||||
Financial Services — 1.0% | ||||||||
Apollo Global Management, Inc., 6.375%, 11/15/33 | 2,388,000 | 2,539,283 | ||||||
Corebridge Financial, Inc., 3.90%, 4/5/32 | 100,000 | 89,357 | ||||||
Equitable Holdings, Inc., 4.35%, 4/20/28 | 550,000 | 528,285 | ||||||
Equitable Holdings, Inc., 5.59%, 1/11/33 | 375,000 | 376,420 | ||||||
Fidelity National Information Services, Inc., 1.15%, 3/1/26 | 250,000 | 232,064 | ||||||
Fidelity National Information Services, Inc., 5.10%, 7/15/32 | 285,000 | 281,470 | ||||||
Fiserv, Inc., 4.20%, 10/1/28 | 50,000 | 47,866 | ||||||
Global Payments, Inc., 2.90%, 5/15/30 | 210,000 | 181,968 | ||||||
Mastercard, Inc., 3.35%, 3/26/30 | 200,000 | 184,056 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.70%, 3/15/29 | 272,000 | 255,233 | ||||||
National Rural Utilities Cooperative Finance Corp., 5.80%, 1/15/33 | 2,188,000 | 2,255,712 | ||||||
6,971,714 | ||||||||
Food Products — 1.7% | ||||||||
Archer-Daniels-Midland Co., 3.25%, 3/27/30 | 2,271,000 | 2,055,887 | ||||||
Archer-Daniels-Midland Co., 4.50%, 8/15/33 | 996,000 | 941,337 | ||||||
Bunge Ltd. Finance Corp., 3.25%, 8/15/26 | 220,000 | 209,900 | ||||||
Campbell Soup Co., 4.15%, 3/15/28 | 769,000 | 741,733 | ||||||
Conagra Brands, Inc., 5.30%, 11/1/38 | 2,482,000 | 2,325,280 | ||||||
General Mills, Inc., 4.20%, 4/17/28 | 729,000 | 704,573 | ||||||
General Mills, Inc., 4.95%, 3/29/33 | 100,000 | 97,163 | ||||||
Hershey Co., 0.90%, 6/1/25 | 465,000 | 445,144 | ||||||
Ingredion, Inc., 2.90%, 6/1/30 | 1,050,000 | 918,402 | ||||||
J M Smucker Co., 4.25%, 3/15/35 | 615,000 | 547,020 | ||||||
Kellanova, 5.25%, 3/1/33 | 190,000 | 189,112 | ||||||
Kraft Heinz Foods Co., 6.875%, 1/26/39 | 100,000 | 111,003 | ||||||
Kraft Heinz Foods Co., 5.00%, 6/4/42 | 1,304,000 | 1,186,735 | ||||||
Mondelez International, Inc., 1.50%, 2/4/31 | 1,254,000 | 998,182 | ||||||
Tyson Foods, Inc., 3.55%, 6/2/27 | 250,000 | 237,842 | ||||||
Tyson Foods, Inc., 4.35%, 3/1/29 | 240,000 | 230,594 | ||||||
11,939,907 | ||||||||
Gas Utilities — 0.1% | ||||||||
Southern California Gas Co., 2.55%, 2/1/30 | 504,000 | 437,597 | ||||||
Southern California Gas Co., 5.20%, 6/1/33 | 100,000 | 99,259 | ||||||
536,856 | ||||||||
Ground Transportation — 1.5% | ||||||||
Burlington Northern Santa Fe LLC, 5.75%, 5/1/40 | 805,000 | 826,615 | ||||||
Burlington Northern Santa Fe LLC, 5.05%, 3/1/41 | 240,000 | 227,830 | ||||||
Canadian National Railway Co., 3.85%, 8/5/32 | 1,190,000 | 1,088,580 | ||||||
Canadian National Railway Co., 6.25%, 8/1/34 | 3,576,000 | 3,873,134 |
CSX Corp., 4.10%, 11/15/32 | 760,000 | 706,450 | ||||||
Norfolk Southern Corp., 3.15%, 6/1/27 | 125,000 | 118,389 | ||||||
Norfolk Southern Corp., 3.80%, 8/1/28 | 253,000 | 241,129 | ||||||
Ryder System, Inc., 5.65%, 3/1/28 | 600,000 | 607,269 | ||||||
Ryder System, Inc., 5.25%, 6/1/28 | 935,000 | 937,261 | ||||||
Union Pacific Corp., 3.25%, 1/15/25 | 710,000 | 700,313 | ||||||
Union Pacific Corp., 3.70%, 3/1/29 | 1,051,000 | 996,377 | ||||||
Union Pacific Corp., 4.50%, 1/20/33(1) | 501,000 | 479,676 | ||||||
10,803,023 | ||||||||
Health Care Equipment and Supplies — 0.9% | ||||||||
Abbott Laboratories, 6.00%, 4/1/39 | 55,000 | 59,526 | ||||||
Baxter International, Inc., 3.95%, 4/1/30 | 450,000 | 416,124 | ||||||
Becton Dickinson & Co., 3.70%, 6/6/27 | 363,000 | 347,624 | ||||||
Boston Scientific Corp., 6.50%, 11/15/35 | 100,000 | 110,094 | ||||||
DH Europe Finance II SARL, 2.20%, 11/15/24 | 1,670,000 | 1,646,299 | ||||||
DH Europe Finance II SARL, 3.25%, 11/15/39 | 90,000 | 70,823 | ||||||
Edwards Lifesciences Corp., 4.30%, 6/15/28 | 1,798,000 | 1,734,032 | ||||||
GE HealthCare Technologies, Inc., 5.55%, 11/15/24(1) | 157,000 | 156,726 | ||||||
GE HealthCare Technologies, Inc., 5.86%, 3/15/30 | 535,000 | 548,603 | ||||||
Medtronic Global Holdings SCA, 4.25%, 3/30/28 | 410,000 | 399,386 | ||||||
Medtronic, Inc., 4.375%, 3/15/35 | 765,000 | 715,499 | ||||||
Smith & Nephew PLC, 2.03%, 10/14/30 | 448,000 | 367,202 | ||||||
6,571,938 | ||||||||
Health Care Providers and Services — 2.6% | ||||||||
Advocate Health & Hospitals Corp., Series 2020, 2.21%, 6/15/30 | 240,000 | 205,703 | ||||||
Aetna, Inc., 6.75%, 12/15/37 | 1,905,000 | 2,063,841 | ||||||
Cencora, Inc., 2.70%, 3/15/31 | 100,000 | 84,874 | ||||||
Cigna Group, 5.40%, 3/15/33 | 400,000 | 399,713 | ||||||
Cigna Group, 4.80%, 8/15/38 | 1,653,000 | 1,512,135 | ||||||
CommonSpirit Health, 2.78%, 10/1/30 | 400,000 | 344,683 | ||||||
CVS Health Corp., 5.125%, 2/21/30 | 485,000 | 477,087 | ||||||
CVS Health Corp., 5.25%, 2/21/33 | 1,041,000 | 1,012,336 | ||||||
CVS Health Corp., 5.30%, 6/1/33(1) | 200,000 | 194,706 | ||||||
Elevance Health, Inc., 3.35%, 12/1/24 | 406,000 | 401,540 | ||||||
Elevance Health, Inc., 5.35%, 10/15/25 | 300,000 | 299,408 | ||||||
Elevance Health, Inc., 6.375%, 6/15/37 | 450,000 | 480,008 | ||||||
HCA, Inc., 5.375%, 2/1/25 | 270,000 | 269,129 | ||||||
HCA, Inc., 5.25%, 6/15/26 | 854,000 | 849,312 | ||||||
HCA, Inc., 4.50%, 2/15/27 | 715,000 | 697,924 | ||||||
HCA, Inc., 5.625%, 9/1/28 | 251,000 | 252,423 | ||||||
HCA, Inc., 4.125%, 6/15/29 | 1,349,000 | 1,271,329 | ||||||
HCA, Inc., 3.625%, 3/15/32 | 100,000 | 87,424 | ||||||
Humana, Inc., 4.50%, 4/1/25 | 200,000 | 198,506 | ||||||
Humana, Inc., 3.95%, 3/15/27 | 300,000 | 289,287 | ||||||
Humana, Inc., 4.875%, 4/1/30 | 653,000 | 637,214 | ||||||
Humana, Inc., 2.15%, 2/3/32 | 585,000 | 463,214 | ||||||
Humana, Inc., 5.875%, 3/1/33 | 540,000 | 547,326 | ||||||
UnitedHealth Group, Inc., 5.25%, 2/15/28 | 1,021,000 | 1,031,498 | ||||||
UnitedHealth Group, Inc., 6.50%, 6/15/37 | 2,358,000 | 2,598,835 | ||||||
UnitedHealth Group, Inc., 6.875%, 2/15/38 | 1,341,000 | 1,530,924 | ||||||
UnitedHealth Group, Inc., 4.375%, 3/15/42 | 150,000 | 131,739 | ||||||
18,332,118 | ||||||||
Health Care REITs — 0.5% | ||||||||
Alexandria Real Estate Equities, Inc., 3.45%, 4/30/25 | 710,000 | 695,732 | ||||||
Alexandria Real Estate Equities, Inc., 3.375%, 8/15/31 | 350,000 | 307,610 |
Healthpeak OP LLC, 4.00%, 6/1/25 | 286,000 | 281,228 | ||||||
Healthpeak OP LLC, 5.25%, 12/15/32 | 250,000 | 245,354 | ||||||
Welltower OP LLC, 4.00%, 6/1/25 | 640,000 | 629,338 | ||||||
Welltower OP LLC, 4.25%, 4/1/26 | 895,000 | 875,879 | ||||||
Welltower OP LLC, 2.70%, 2/15/27 | 110,000 | 103,264 | ||||||
3,138,405 | ||||||||
Hotels, Restaurants and Leisure — 0.7% | ||||||||
Expedia Group, Inc., 4.625%, 8/1/27 | 976,000 | 955,994 | ||||||
Expedia Group, Inc., 3.25%, 2/15/30 | 1,490,000 | 1,331,482 | ||||||
Hyatt Hotels Corp., 4.85%, 3/15/26 | 895,000 | 885,741 | ||||||
Marriott International, Inc., 5.55%, 10/15/28 | 946,000 | 955,279 | ||||||
McDonald's Corp., 4.70%, 12/9/35 | 851,000 | 802,707 | ||||||
4,931,203 | ||||||||
Household Durables — 0.1% | ||||||||
Lennar Corp., 5.25%, 6/1/26 | 200,000 | 199,374 | ||||||
Lennar Corp., 5.00%, 6/15/27 | 706,000 | 700,927 | ||||||
900,301 | ||||||||
Household Products — 0.0% | ||||||||
Procter & Gamble Co., 2.80%, 3/25/27 | 200,000 | 189,734 | ||||||
Procter & Gamble Co., 5.55%, 3/5/37 | 15,000 | 15,742 | ||||||
205,476 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
AES Corp., 1.375%, 1/15/26 | 365,000 | 340,975 | ||||||
Industrial Conglomerates — 1.0% | ||||||||
3M Co., 5.70%, 3/15/37(1) | 946,000 | 977,229 | ||||||
Eaton Corp., 4.15%, 3/15/33 | 985,000 | 919,078 | ||||||
Honeywell International, Inc., 5.00%, 2/15/33 | 1,216,000 | 1,213,937 | ||||||
Honeywell International, Inc., 5.70%, 3/15/37 | 3,565,000 | 3,688,613 | ||||||
6,798,857 | ||||||||
Insurance — 2.9% | ||||||||
Allstate Corp., 5.25%, 3/30/33 | 2,484,000 | 2,468,650 | ||||||
American International Group, Inc., 5.125%, 3/27/33 | 170,000 | 166,953 | ||||||
American International Group, Inc., 6.25%, 5/1/36 | 900,000 | 946,210 | ||||||
Aon Corp., 2.80%, 5/15/30 | 140,000 | 122,084 | ||||||
Aon Corp./Aon Global Holdings PLC, 2.85%, 5/28/27 | 385,000 | 360,450 | ||||||
Aon Corp./Aon Global Holdings PLC, 5.35%, 2/28/33 | 490,000 | 482,903 | ||||||
Athene Holding Ltd., 4.125%, 1/12/28 | 444,000 | 427,293 | ||||||
Chubb Corp., Series 1, 6.50%, 5/15/38 | 150,000 | 166,742 | ||||||
Chubb INA Holdings LLC, 3.15%, 3/15/25 | 2,696,000 | 2,648,371 | ||||||
Chubb INA Holdings LLC, 1.375%, 9/15/30 | 340,000 | 275,658 | ||||||
Cincinnati Financial Corp., 6.125%, 11/1/34 | 1,875,000 | 1,951,668 | ||||||
Hartford Financial Services Group, Inc., 2.80%, 8/19/29 | 405,000 | 360,305 | ||||||
Hartford Financial Services Group, Inc., 6.10%, 10/1/41 | 371,000 | 383,415 | ||||||
Marsh & McLennan Cos., Inc., 3.50%, 3/10/25 | 345,000 | 339,926 | ||||||
Marsh & McLennan Cos., Inc., 4.75%, 3/15/39 | 300,000 | 278,822 | ||||||
MetLife, Inc., 3.60%, 11/13/25 | 866,000 | 845,978 | ||||||
MetLife, Inc., 4.125%, 8/13/42 | 615,000 | 509,766 | ||||||
Principal Financial Group, Inc., 6.05%, 10/15/36 | 3,059,000 | 3,178,497 | ||||||
Progressive Corp., 2.45%, 1/15/27 | 451,000 | 421,628 | ||||||
Prudential Financial, Inc., 6.625%, 6/21/40 | 375,000 | 415,464 | ||||||
Prudential Financial, Inc., Series D, 5.70%, 12/14/36 | 561,000 | 575,119 | ||||||
Prudential Funding Asia PLC, 3.125%, 4/14/30 | 1,302,000 | 1,160,875 | ||||||
Willis North America, Inc., 4.50%, 9/15/28 | 2,104,000 | 2,034,705 | ||||||
20,521,482 | ||||||||
Interactive Media and Services — 0.1% | ||||||||
Meta Platforms, Inc., 3.85%, 8/15/32 | 904,000 | 835,589 | ||||||
IT Services — 0.6% | ||||||||
Booz Allen Hamilton, Inc., 5.95%, 8/4/33 | 210,000 | 215,823 | ||||||
International Business Machines Corp., 3.50%, 5/15/29 | 350,000 | 325,628 | ||||||
International Business Machines Corp., 1.95%, 5/15/30 | 1,809,000 | 1,514,796 | ||||||
International Business Machines Corp., 4.40%, 7/27/32 | 500,000 | 472,423 | ||||||
International Business Machines Corp., 5.60%, 11/30/39 | 350,000 | 356,558 | ||||||
Leidos, Inc., 4.375%, 5/15/30 | 1,155,000 | 1,088,248 | ||||||
Leidos, Inc., 5.75%, 3/15/33 | 145,000 | 146,566 | ||||||
4,120,042 | ||||||||
Leisure Products — 0.1% | ||||||||
Hasbro, Inc., 3.50%, 9/15/27 | 571,000 | 536,200 | ||||||
Life Sciences Tools and Services — 0.1% | ||||||||
Revvity, Inc., 3.30%, 9/15/29 | 125,000 | 113,400 | ||||||
Thermo Fisher Scientific, Inc., 5.00%, 1/31/29 | 350,000 | 350,050 | ||||||
Thermo Fisher Scientific, Inc., 2.60%, 10/1/29 | 315,000 | 279,796 | ||||||
743,246 | ||||||||
Machinery — 1.1% | ||||||||
Caterpillar, Inc., 5.20%, 5/27/41 | 1,024,000 | 1,002,236 | ||||||
IDEX Corp., 3.00%, 5/1/30 | 277,000 | 242,166 | ||||||
John Deere Capital Corp., 4.75%, 1/20/28 | 230,000 | 228,638 | ||||||
John Deere Capital Corp., Series I, 5.15%, 9/8/33(1) | 578,000 | 579,682 | ||||||
Nordson Corp., 5.80%, 9/15/33 | 100,000 | 102,382 | ||||||
Oshkosh Corp., 4.60%, 5/15/28 | 1,723,000 | 1,679,730 | ||||||
Parker-Hannifin Corp., 3.25%, 6/14/29 | 120,000 | 109,831 | ||||||
Parker-Hannifin Corp., 4.20%, 11/21/34 | 658,000 | 604,177 | ||||||
Stanley Black & Decker, Inc., 6.00%, 3/6/28(1) | 2,338,000 | 2,409,244 | ||||||
Westinghouse Air Brake Technologies Corp., 3.20%, 6/15/25 | 1,091,000 | 1,063,627 | ||||||
8,021,713 | ||||||||
Media — 1.5% | ||||||||
Comcast Corp., 2.65%, 2/1/30 | 2,122,000 | 1,863,389 | ||||||
Comcast Corp., 3.40%, 4/1/30 | 200,000 | 182,492 | ||||||
Comcast Corp., 4.25%, 10/15/30 | 415,000 | 395,175 | ||||||
Comcast Corp., 5.50%, 11/15/32 | 165,000 | 168,232 | ||||||
Comcast Corp., 7.05%, 3/15/33 | 130,000 | 145,095 | ||||||
Comcast Corp., 3.20%, 7/15/36 | 60,000 | 48,203 | ||||||
Comcast Corp., 3.90%, 3/1/38 | 520,000 | 439,488 | ||||||
Fox Corp., 4.71%, 1/25/29 | 135,000 | 132,051 | ||||||
Fox Corp., 5.48%, 1/25/39 | 2,044,000 | 1,935,085 | ||||||
Interpublic Group of Cos., Inc., 4.75%, 3/30/30 | 372,000 | 361,666 | ||||||
Interpublic Group of Cos., Inc., 5.375%, 6/15/33 | 400,000 | 395,841 | ||||||
Walt Disney Co., 3.35%, 3/24/25 | 175,000 | 172,146 | ||||||
Walt Disney Co., 6.55%, 3/15/33 | 500,000 | 552,012 | ||||||
Walt Disney Co., 6.40%, 12/15/35 | 2,154,000 | 2,346,388 | ||||||
Walt Disney Co., 6.65%, 11/15/37 | 1,231,000 | 1,377,358 | ||||||
10,514,621 | ||||||||
Metals and Mining — 0.6% | ||||||||
BHP Billiton Finance USA Ltd., 4.90%, 2/28/33 | 2,147,000 | 2,097,042 | ||||||
Kinross Gold Corp., 4.50%, 7/15/27 | 95,000 | 92,285 | ||||||
Newmont Corp., 2.60%, 7/15/32 | 60,000 | 49,636 | ||||||
Newmont Corp., 5.875%, 4/1/35 | 946,000 | 972,350 | ||||||
Steel Dynamics, Inc., 3.25%, 1/15/31 | 946,000 | 835,514 | ||||||
4,046,827 | ||||||||
Multi-Utilities — 0.7% | ||||||||
Consolidated Edison Co. of New York, Inc., Series 2005-A, 5.30%, 3/1/35 | 200,000 | 198,396 | ||||||
Consumers Energy Co., 4.625%, 5/15/33 | 1,897,000 | 1,812,211 | ||||||
Dominion Energy, Inc., 4.25%, 6/1/28 | 250,000 | 240,711 | ||||||
Dominion Energy, Inc., 5.375%, 11/15/32 | 475,000 | 469,737 | ||||||
Dominion Energy, Inc., Series A, 3.30%, 3/15/25 | 100,000 | 98,026 | ||||||
NiSource, Inc., 5.25%, 3/30/28 | 155,000 | 154,638 | ||||||
NiSource, Inc., 3.60%, 5/1/30 | 100,000 | 91,270 | ||||||
Public Service Enterprise Group, Inc., 5.875%, 10/15/28 | 400,000 | 407,592 | ||||||
San Diego Gas & Electric Co., 1.70%, 10/1/30 | 1,553,000 | 1,259,587 | ||||||
Sempra, 6.00%, 10/15/39 | 350,000 | 353,287 | ||||||
5,085,455 | ||||||||
Oil, Gas and Consumable Fuels — 6.6% | ||||||||
Boardwalk Pipelines LP, 4.95%, 12/15/24 | 100,000 | 99,537 | ||||||
Boardwalk Pipelines LP, 5.95%, 6/1/26 | 605,000 | 607,860 | ||||||
Boardwalk Pipelines LP, 4.80%, 5/3/29 | 1,121,000 | 1,092,278 | ||||||
BP Capital Markets America, Inc., 3.94%, 9/21/28 | 200,000 | 191,681 | ||||||
BP Capital Markets America, Inc., 3.63%, 4/6/30 | 1,089,000 | 1,010,708 | ||||||
BP Capital Markets America, Inc., 4.81%, 2/13/33 | 960,000 | 928,923 | ||||||
BP Capital Markets America, Inc., 4.89%, 9/11/33 | 1,036,000 | 1,006,284 | ||||||
BP Capital Markets America, Inc., 4.99%, 4/10/34 | 1,000,000 | 974,100 | ||||||
BP Capital Markets PLC, 3.28%, 9/19/27 | 685,000 | 647,981 | ||||||
Burlington Resources LLC, 7.40%, 12/1/31 | 701,000 | 796,182 | ||||||
Canadian Natural Resources Ltd., 5.85%, 2/1/35 | 2,095,000 | 2,087,683 | ||||||
Cheniere Corpus Christi Holdings LLC, 5.125%, 6/30/27 | 1,900,000 | 1,885,190 | ||||||
Chevron USA, Inc., 6.00%, 3/1/41 | 2,299,000 | 2,467,755 | ||||||
ConocoPhillips, 6.50%, 2/1/39 | 1,354,000 | 1,493,392 | ||||||
Continental Resources, Inc., 4.375%, 1/15/28 | 530,000 | 509,296 | ||||||
Devon Energy Corp., 5.25%, 9/15/24 | 735,000 | 733,451 | ||||||
Devon Energy Corp., 4.50%, 1/15/30 | 935,000 | 895,554 | ||||||
Devon Energy Corp., 5.60%, 7/15/41 | 250,000 | 235,265 | ||||||
Diamondback Energy, Inc., 3.125%, 3/24/31 | 360,000 | 315,491 | ||||||
Diamondback Energy, Inc., 6.25%, 3/15/33 | 465,000 | 485,940 | ||||||
Enbridge Energy Partners LP, Seires B, 7.50%, 4/15/38 | 400,000 | 459,490 | ||||||
Enbridge, Inc., 3.125%, 11/15/29 | 752,000 | 677,153 | ||||||
Energy Transfer LP, 2.90%, 5/15/25 | 50,000 | 48,690 | ||||||
Energy Transfer LP, 4.95%, 5/15/28 | 840,000 | 825,919 | ||||||
Energy Transfer LP, 6.10%, 12/1/28 | 300,000 | 308,140 | ||||||
Energy Transfer LP, 5.25%, 4/15/29 | 185,000 | 184,021 | ||||||
Energy Transfer LP, 5.75%, 2/15/33 | 450,000 | 450,214 | ||||||
Energy Transfer LP, 4.90%, 3/15/35 | 100,000 | 93,267 | ||||||
EQT Corp., 6.125%, 2/1/25 | 500,000 | 500,834 | ||||||
Equinor ASA, 7.25%, 9/23/27 | 939,000 | 998,498 | ||||||
Equinor ASA, 3.125%, 4/6/30 | 389,000 | 353,891 | ||||||
Exxon Mobil Corp., 3.48%, 3/19/30 | 100,000 | 92,815 | ||||||
Exxon Mobil Corp., 2.61%, 10/15/30 | 2,060,000 | 1,799,673 | ||||||
Hess Corp., 4.30%, 4/1/27 | 889,000 | 865,538 | ||||||
Hess Corp., 7.875%, 10/1/29 | 597,000 | 667,187 | ||||||
Hess Corp., 7.30%, 8/15/31 | 250,000 | 279,165 | ||||||
Hess Corp., 5.60%, 2/15/41 | 960,000 | 958,233 | ||||||
Kinder Morgan, Inc., 4.30%, 6/1/25 | 300,000 | 296,037 | ||||||
Kinder Morgan, Inc., 5.30%, 12/1/34 | 1,875,000 | 1,816,965 | ||||||
Marathon Oil Corp., 6.60%, 10/1/37 | 985,000 | 1,064,810 | ||||||
Marathon Petroleum Corp., 4.70%, 5/1/25 | 715,000 | 708,670 | ||||||
MPLX LP, 4.875%, 12/1/24 | 100,000 | 99,647 |
MPLX LP, 2.65%, 8/15/30 | 1,222,000 | 1,044,272 | ||||||
MPLX LP, 5.00%, 3/1/33 | 215,000 | 204,403 | ||||||
Phillips 66 Co., 5.30%, 6/30/33 | 400,000 | 393,618 | ||||||
Pioneer Natural Resources Co., 1.90%, 8/15/30 | 1,738,000 | 1,453,166 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 4.50%, 12/15/26 | 450,000 | 439,962 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 6.65%, 1/15/37 | 100,000 | 105,577 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 3/1/25 | 100,000 | 99,821 | ||||||
Sabine Pass Liquefaction LLC, 5.00%, 3/15/27 | 1,031,000 | 1,022,644 | ||||||
Sabine Pass Liquefaction LLC, 5.90%, 9/15/37 | 200,000 | 205,004 | ||||||
Shell International Finance BV, 3.25%, 5/11/25 | 277,000 | 271,821 | ||||||
Shell International Finance BV, 2.75%, 4/6/30 | 2,067,000 | 1,835,800 | ||||||
Shell International Finance BV, 6.375%, 12/15/38 | 500,000 | 549,187 | ||||||
Targa Resources Corp., 6.125%, 3/15/33 | 585,000 | 600,904 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.875%, 1/15/29 | 250,000 | 257,330 | ||||||
TotalEnergies Capital International SA, 2.43%, 1/10/25 | 219,000 | 215,012 | ||||||
TransCanada PipeLines Ltd., 6.20%, 3/9/26 | 286,000 | 286,008 | ||||||
TransCanada PipeLines Ltd., 4.25%, 5/15/28 | 366,000 | 352,348 | ||||||
TransCanada PipeLines Ltd., 7.625%, 1/15/39 | 871,000 | 1,010,134 | ||||||
Valero Energy Corp., 6.625%, 6/15/37 | 927,000 | 990,808 | ||||||
Valero Energy Partners LP, 4.50%, 3/15/28 | 893,000 | 868,833 | ||||||
Williams Cos., Inc., 4.00%, 9/15/25 | 2,106,000 | 2,064,674 | ||||||
Williams Cos., Inc., 3.75%, 6/15/27 | 100,000 | 95,622 | ||||||
Williams Cos., Inc., 2.60%, 3/15/31 | 60,000 | 50,467 | ||||||
Williams Cos., Inc., 5.65%, 3/15/33 | 350,000 | 352,185 | ||||||
46,783,008 | ||||||||
Paper and Forest Products — 0.1% | ||||||||
Georgia-Pacific LLC, 8.875%, 5/15/31 | 250,000 | 304,481 | ||||||
Passenger Airlines — 0.3% | ||||||||
Southwest Airlines Co., 5.125%, 6/15/27 | 1,193,000 | 1,185,778 | ||||||
Southwest Airlines Co., 2.625%, 2/10/30 | 787,000 | 675,588 | ||||||
1,861,366 | ||||||||
Personal Care Products — 0.7% | ||||||||
Estee Lauder Cos., Inc., 4.65%, 5/15/33 | 150,000 | 144,966 | ||||||
Estee Lauder Cos., Inc., 5.00%, 2/14/34 | 2,300,000 | 2,246,729 | ||||||
Estee Lauder Cos., Inc., 6.00%, 5/15/37 | 1,250,000 | 1,317,242 | ||||||
Unilever Capital Corp., 5.90%, 11/15/32 | 1,427,000 | 1,513,369 | ||||||
5,222,306 | ||||||||
Pharmaceuticals — 2.8% | ||||||||
Astrazeneca Finance LLC, 2.25%, 5/28/31 | 826,000 | 694,459 | ||||||
AstraZeneca PLC, 4.00%, 1/17/29 | 1,040,000 | 999,158 | ||||||
AstraZeneca PLC, 1.375%, 8/6/30 | 245,000 | 198,797 | ||||||
Bristol-Myers Squibb Co., 1.45%, 11/13/30 | 744,000 | 597,501 | ||||||
Bristol-Myers Squibb Co., 2.95%, 3/15/32 | 640,000 | 549,287 | ||||||
Bristol-Myers Squibb Co., 5.20%, 2/22/34 | 3,750,000 | 3,727,186 | ||||||
Eli Lilly & Co., 3.375%, 3/15/29 | 420,000 | 394,605 | ||||||
Eli Lilly & Co., 4.70%, 2/27/33 | 265,000 | 259,079 | ||||||
Johnson & Johnson, 0.55%, 9/1/25 | 90,000 | 85,168 | ||||||
Johnson & Johnson, 4.375%, 12/5/33(1) | 180,000 | 175,255 | ||||||
Johnson & Johnson, 3.625%, 3/3/37 | 735,000 | 635,926 | ||||||
Johnson & Johnson, 5.85%, 7/15/38 | 1,657,000 | 1,787,248 | ||||||
Merck & Co., Inc., 0.75%, 2/24/26 | 520,000 | 483,864 | ||||||
Merck & Co., Inc., 3.40%, 3/7/29 | 1,115,000 | 1,045,881 | ||||||
Merck & Co., Inc., 1.45%, 6/24/30 | 280,000 | 228,959 | ||||||
Merck & Co., Inc., 2.15%, 12/10/31 | 560,000 | 462,922 | ||||||
Merck & Co., Inc., 2.35%, 6/24/40 | 600,000 | 407,196 |
Merck & Co., Inc., 4.15%, 5/18/43 | 300,000 | 254,962 | ||||||
Pfizer Investment Enterprises Pte. Ltd., 4.65%, 5/19/30 | 946,000 | 925,695 | ||||||
Pfizer Investment Enterprises Pte. Ltd., 4.75%, 5/19/33 | 175,000 | 169,282 | ||||||
Pfizer, Inc., 7.20%, 3/15/39 | 525,000 | 619,074 | ||||||
Royalty Pharma PLC, 2.20%, 9/2/30 | 1,229,000 | 1,017,140 | ||||||
Wyeth LLC, 6.50%, 2/1/34 | 1,230,000 | 1,343,542 | ||||||
Wyeth LLC, 5.95%, 4/1/37 | 2,548,000 | 2,676,050 | ||||||
19,738,236 | ||||||||
Professional Services — 0.2% | ||||||||
Automatic Data Processing, Inc., 1.25%, 9/1/30 | 102,000 | 81,895 | ||||||
Verisk Analytics, Inc., 4.125%, 3/15/29 | 1,035,000 | 986,883 | ||||||
1,068,778 | ||||||||
Residential REITs — 0.6% | ||||||||
AvalonBay Communities, Inc., 3.20%, 1/15/28 | 897,000 | 840,226 | ||||||
Camden Property Trust, 2.80%, 5/15/30 | 1,166,000 | 1,022,688 | ||||||
UDR, Inc., 2.10%, 8/1/32 | 1,788,000 | 1,383,854 | ||||||
UDR, Inc., 1.90%, 3/15/33 | 1,241,000 | 935,522 | ||||||
4,182,290 | ||||||||
Retail REITs — 0.4% | ||||||||
Kimco Realty OP LLC, 2.80%, 10/1/26 | 804,000 | 759,477 | ||||||
Kimco Realty OP LLC, 1.90%, 3/1/28 | 572,000 | 507,970 | ||||||
Realty Income Corp., 3.65%, 1/15/28 | 332,000 | 315,185 | ||||||
Realty Income Corp., 3.25%, 1/15/31 | 500,000 | 441,905 | ||||||
Realty Income Corp., 5.625%, 10/13/32 | 65,000 | 65,661 | ||||||
Realty Income Corp., 2.85%, 12/15/32 | 540,000 | 444,009 | ||||||
2,534,207 | ||||||||
Semiconductors and Semiconductor Equipment — 1.9% | ||||||||
Applied Materials, Inc., 5.85%, 6/15/41 | 1,725,000 | 1,833,318 | ||||||
Broadcom, Inc., 4.30%, 11/15/32 | 1,154,000 | 1,069,547 | ||||||
Broadcom, Inc., 2.60%, 2/15/33(2) | 701,000 | 561,673 | ||||||
Broadcom, Inc., 4.93%, 5/15/37(2) | 340,000 | 316,622 | ||||||
Intel Corp., 5.125%, 2/10/30(1) | 495,000 | 494,546 | ||||||
Intel Corp., 4.15%, 8/5/32 | 685,000 | 637,321 | ||||||
Intel Corp., 4.00%, 12/15/32 | 665,000 | 608,472 | ||||||
Intel Corp., 5.20%, 2/10/33 | 1,141,000 | 1,132,173 | ||||||
KLA Corp., 4.10%, 3/15/29 | 263,000 | 254,256 | ||||||
KLA Corp., 4.65%, 7/15/32 | 1,011,000 | 980,139 | ||||||
Lam Research Corp., 3.75%, 3/15/26 | 812,000 | 791,745 | ||||||
Marvell Technology, Inc., 2.95%, 4/15/31 | 995,000 | 852,336 | ||||||
Micron Technology, Inc., 4.19%, 2/15/27 | 1,238,000 | 1,202,244 | ||||||
Micron Technology, Inc., 6.75%, 11/1/29 | 450,000 | 477,667 | ||||||
Micron Technology, Inc., 4.66%, 2/15/30 | 480,000 | 463,533 | ||||||
Micron Technology, Inc., 5.875%, 2/9/33 | 250,000 | 256,075 | ||||||
NXP BV/NXP Funding LLC, 5.55%, 12/1/28 | 504,000 | 508,160 | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc., 5.00%, 1/15/33 | 280,000 | 271,920 | ||||||
Texas Instruments, Inc., 3.875%, 3/15/39 | 617,000 | 538,550 | ||||||
Xilinx, Inc., 2.375%, 6/1/30 | 235,000 | 202,564 | ||||||
13,452,861 | ||||||||
Software — 0.9% | ||||||||
Autodesk, Inc., 2.85%, 1/15/30 | 2,142,000 | 1,893,776 | ||||||
Microsoft Corp., 3.50%, 2/12/35(1) | 998,000 | 897,683 | ||||||
Microsoft Corp., 3.45%, 8/8/36 | 1,080,000 | 935,857 | ||||||
Microsoft Corp., 4.10%, 2/6/37 | 150,000 | 139,773 | ||||||
Oracle Corp., 3.25%, 11/15/27 | 100,000 | 93,980 | ||||||
Oracle Corp., 4.65%, 5/6/30 | 100,000 | 97,387 |
Oracle Corp., 3.25%, 5/15/30 | 592,000 | 533,383 | ||||||
Oracle Corp., 2.875%, 3/25/31 | 1,453,000 | 1,250,139 | ||||||
Oracle Corp., 3.90%, 5/15/35 | 65,000 | 56,302 | ||||||
Oracle Corp., 3.85%, 7/15/36 | 280,000 | 235,505 | ||||||
Oracle Corp., 3.80%, 11/15/37 | 147,000 | 120,938 | ||||||
Roper Technologies, Inc., 1.40%, 9/15/27 | 135,000 | 119,516 | ||||||
6,374,239 | ||||||||
Specialized REITs — 1.1% | ||||||||
American Tower Corp., 2.75%, 1/15/27 | 350,000 | 328,396 | ||||||
American Tower Corp., 3.60%, 1/15/28 | 210,000 | 197,422 | ||||||
American Tower Corp., 2.90%, 1/15/30 | 1,337,000 | 1,173,147 | ||||||
American Tower Corp., 1.875%, 10/15/30 | 60,000 | 48,479 | ||||||
American Tower Corp., 5.65%, 3/15/33 | 160,000 | 160,456 | ||||||
American Tower Corp., 5.55%, 7/15/33 | 636,000 | 632,247 | ||||||
Crown Castle, Inc., 5.60%, 6/1/29 | 600,000 | 603,992 | ||||||
Crown Castle, Inc., 3.10%, 11/15/29 | 300,000 | 267,205 | ||||||
Crown Castle, Inc., 2.10%, 4/1/31 | 1,924,000 | 1,549,335 | ||||||
Crown Castle, Inc., 5.10%, 5/1/33(1) | 110,000 | 105,648 | ||||||
Equinix, Inc., 1.25%, 7/15/25 | 252,000 | 240,035 | ||||||
Equinix, Inc., 1.00%, 9/15/25 | 50,000 | 47,146 | ||||||
Equinix, Inc., 2.90%, 11/18/26 | 175,000 | 164,567 | ||||||
Equinix, Inc., 2.00%, 5/15/28 | 592,000 | 520,855 | ||||||
Public Storage Operating Co., 1.85%, 5/1/28 | 1,888,000 | 1,670,243 | ||||||
Weyerhaeuser Co., 4.00%, 11/15/29 | 100,000 | 93,597 | ||||||
7,802,770 | ||||||||
Specialty Retail — 0.6% | ||||||||
AutoZone, Inc., 4.75%, 2/1/33 | 300,000 | 285,918 | ||||||
Home Depot, Inc., 2.125%, 9/15/26 | 295,000 | 276,671 | ||||||
Home Depot, Inc., 2.95%, 6/15/29 | 2,122,000 | 1,933,689 | ||||||
Home Depot, Inc., 5.95%, 4/1/41 | 600,000 | 633,486 | ||||||
Lowe's Cos., Inc., 3.75%, 4/1/32 | 120,000 | 108,574 | ||||||
Lowe's Cos., Inc., 5.00%, 4/15/33 | 60,000 | 58,885 | ||||||
Lowe's Cos., Inc., 5.50%, 10/15/35 | 500,000 | 510,615 | ||||||
O'Reilly Automotive, Inc., 4.35%, 6/1/28 | 735,000 | 712,819 | ||||||
4,520,657 | ||||||||
Technology Hardware, Storage and Peripherals — 0.8% | ||||||||
Apple, Inc., 3.25%, 2/23/26 | 598,000 | 580,947 | ||||||
Apple, Inc., 4.30%, 5/10/33 | 350,000 | 343,337 | ||||||
Dell International LLC/EMC Corp., 5.85%, 7/15/25 | 100,000 | 100,338 | ||||||
Dell International LLC/EMC Corp., 5.75%, 2/1/33(1) | 1,670,000 | 1,710,612 | ||||||
Dell, Inc., 6.50%, 4/15/38 | 500,000 | 526,714 | ||||||
Hewlett Packard Enterprise Co., 6.20%, 10/15/35 | 1,572,000 | 1,664,828 | ||||||
HP, Inc., 4.75%, 1/15/28 | 50,000 | 49,284 | ||||||
HP, Inc., 5.50%, 1/15/33(1) | 280,000 | 280,227 | ||||||
5,256,287 | ||||||||
Textiles, Apparel and Luxury Goods — 0.4% | ||||||||
NIKE, Inc., 2.85%, 3/27/30 | 2,779,000 | 2,490,144 | ||||||
Trading Companies and Distributors — 0.0% | ||||||||
Air Lease Corp., 3.625%, 12/1/27 | 321,000 | 302,785 | ||||||
Transportation Infrastructure — 0.1% | ||||||||
FedEx Corp. Pass-Through Trust, Series 2020-1, Class AA, 1.875%, 8/20/35 | 920,142 | 758,125 | ||||||
Water Utilities — 0.0% | ||||||||
American Water Capital Corp., 2.30%, 6/1/31 | 300,000 | 248,573 | ||||||
Wireless Telecommunication Services — 0.6% | ||||||||
T-Mobile USA, Inc., 4.80%, 7/15/28 | 165,000 | 162,368 | ||||||
T-Mobile USA, Inc., 2.55%, 2/15/31 | 1,248,000 | 1,052,803 | ||||||
T-Mobile USA, Inc., 2.25%, 11/15/31 | 716,000 | 581,056 | ||||||
Vodafone Group PLC, 6.25%, 11/30/32 | 150,000 | 158,634 | ||||||
Vodafone Group PLC, 6.15%, 2/27/37 | 2,465,000 | 2,575,927 | ||||||
4,530,788 | ||||||||
TOTAL CORPORATE BONDS (Cost $453,118,397) | 443,409,686 | |||||||
U.S. TREASURY SECURITIES — 24.8% | ||||||||
U.S. Treasury Bonds, 1.125%, 5/15/40 | 3,200,000 | 1,938,500 | ||||||
U.S. Treasury Bonds, 1.125%, 8/15/40 | 8,350,000 | 5,010,652 | ||||||
U.S. Treasury Bonds, 1.375%, 11/15/40 | 4,000,000 | 2,490,625 | ||||||
U.S. Treasury Bonds, 1.875%, 2/15/41 | 8,424,000 | 5,691,465 | ||||||
U.S. Treasury Bonds, 2.25%, 5/15/41 | 9,600,000 | 6,865,500 | ||||||
U.S. Treasury Bonds, 2.00%, 11/15/41 | 10,236,000 | 6,941,088 | ||||||
U.S. Treasury Bonds, 2.75%, 8/15/42 | 11,050,000 | 8,395,842 | ||||||
U.S. Treasury Bonds, 3.125%, 2/15/43 | 10,790,000 | 8,645,487 | ||||||
U.S. Treasury Bonds, 2.875%, 5/15/43 | 12,650,000 | 9,718,264 | ||||||
U.S. Treasury Bonds, 3.625%, 8/15/43 | 9,800,000 | 8,425,703 | ||||||
U.S. Treasury Notes, 0.375%, 8/15/24 | 5,215,200 | 5,163,558 | ||||||
U.S. Treasury Notes, 0.375%, 9/15/24 | 6,150,000 | 6,064,201 | ||||||
U.S. Treasury Notes, 0.625%, 10/15/24 | 8,800,000 | 8,649,335 | ||||||
U.S. Treasury Notes, 0.75%, 11/15/24 | 7,950,000 | 7,789,851 | ||||||
U.S. Treasury Notes, 1.50%, 11/30/24 | 14,050,000 | 13,787,304 | ||||||
U.S. Treasury Notes, 2.125%, 11/30/24 | 9,100,000 | 8,958,027 | ||||||
U.S. Treasury Notes, 4.50%, 11/30/24 | 8,500,000 | 8,464,676 | ||||||
U.S. Treasury Notes, 2.25%, 12/31/24 | 12,100,000 | 11,892,482 | ||||||
U.S. Treasury Notes, 1.375%, 1/31/25 | 7,000,000 | 6,824,535 | ||||||
U.S. Treasury Notes, 1.50%, 2/15/25(3) | 10,500,000 | 10,226,877 | ||||||
U.S. Treasury Notes, 2.00%, 2/15/25 | 6,000,000 | 5,864,848 | ||||||
U.S. Treasury Notes, 0.625%, 5/15/30 | 5,400,000 | 4,318,734 | ||||||
U.S. Treasury Notes, 4.125%, 8/31/30 | 7,000,000 | 6,853,164 | ||||||
U.S. Treasury Notes, 2.75%, 8/15/32 | 6,850,000 | 6,034,556 | ||||||
TOTAL U.S. TREASURY SECURITIES (Cost $179,750,063) | 175,015,274 | |||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 19.7% | ||||||||
Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 19.7% | ||||||||
GNMA, 4.00% TBA | 13,000,000 | 11,951,259 | ||||||
GNMA, 4.00% TBA | 3,000,000 | 2,759,741 | ||||||
GNMA, 5.00% TBA | 12,500,000 | 12,133,481 | ||||||
GNMA, 5.50% TBA | 12,000,000 | 11,904,983 | ||||||
GNMA, 6.00% TBA | 10,000,000 | 10,062,789 | ||||||
GNMA, 5.50% TBA | 2,500,000 | 2,477,666 | ||||||
UMBS, 2.00% TBA | 4,000,000 | 3,494,599 | ||||||
UMBS, 2.00% TBA | 1,500,000 | 1,312,115 | ||||||
UMBS, 3.00% TBA | 12,000,000 | 10,092,071 | ||||||
UMBS, 3.00% TBA | 7,000,000 | 5,891,417 | ||||||
UMBS, 3.00% TBA | 6,000,000 | 5,518,320 | ||||||
UMBS, 3.00% TBA | 2,000,000 | 1,841,159 | ||||||
UMBS, 4.00% TBA | 14,000,000 | 12,706,524 | ||||||
UMBS, 4.00% TBA | 10,000,000 | 9,079,605 | ||||||
UMBS, 4.00% TBA | 5,500,000 | 5,273,963 | ||||||
UMBS, 4.50% TBA | 7,000,000 | 6,828,498 | ||||||
UMBS, 5.00% TBA | 11,500,000 | 11,068,992 |
UMBS, 5.00% TBA | 3,000,000 | 2,887,094 | ||||||
UMBS, 5.50% TBA | 7,000,000 | 6,887,546 | ||||||
UMBS, 5.50% TBA | 2,000,000 | 1,967,401 | ||||||
UMBS, 6.00% TBA | 2,500,000 | 2,503,824 | ||||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Cost $138,450,020) | 138,643,047 | |||||||
U.S. GOVERNMENT AGENCY SECURITIES — 1.3% | ||||||||
Federal Farm Credit Banks Funding Corp., 3.30%, 8/15/24 | 498,000 | 495,716 | ||||||
Federal Farm Credit Banks Funding Corp., 4.75%, 2/21/25 | 760,000 | 757,367 | ||||||
FHLB, 5.50%, 1/26/26 | 1,000,000 | 999,365 | ||||||
FHLB, 3.25%, 11/16/28 | 820,000 | 778,752 | ||||||
FHLMC, 5.31%, 11/15/24 | 250,000 | 249,691 | ||||||
FHLMC, 4.00%, 11/25/24 | 436,000 | 432,723 | ||||||
FHLMC, 0.375%, 7/21/25 | 600,000 | 569,063 | ||||||
FHLMC, 0.65%, 10/27/25 | 690,000 | 649,599 | ||||||
FNMA, 1.625%, 1/7/25 | 129,000 | 126,267 | ||||||
FNMA, 0.50%, 6/17/25 | 490,000 | 467,305 | ||||||
FNMA, 6.25%, 5/15/29 | 315,000 | 338,703 | ||||||
FNMA, 7.25%, 5/15/30 | 270,000 | 307,098 | ||||||
FNMA, 6.625%, 11/15/30 | 347,000 | 385,357 | ||||||
Tennessee Valley Authority, 0.75%, 5/15/25 | 858,000 | 822,783 | ||||||
Tennessee Valley Authority, 7.125%, 5/1/30 | 1,047,000 | 1,177,158 | ||||||
Tennessee Valley Authority, 5.25%, 9/15/39 | 735,000 | 756,416 | ||||||
TOTAL U.S. GOVERNMENT AGENCY SECURITIES (Cost $9,462,057) | 9,313,363 | |||||||
SOVEREIGN GOVERNMENTS AND AGENCIES — 0.3% | ||||||||
Japan — 0.1% | ||||||||
Japan Bank for International Cooperation, 1.75%, 10/17/24 | 1,000,000 | 985,715 | ||||||
Sweden — 0.2% | ||||||||
Svensk Exportkredit AB, 3.625%, 9/3/24 | 500,000 | 497,544 | ||||||
Svensk Exportkredit AB, 0.625%, 5/14/25 | 364,000 | 348,450 | ||||||
Svensk Exportkredit AB, 2.25%, 3/22/27 | 450,000 | 419,284 | ||||||
1,265,278 | ||||||||
TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES (Cost $2,268,583) | 2,250,993 | |||||||
SHORT-TERM INVESTMENTS(4) — 10.3% | ||||||||
Money Market Funds — 0.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio(5) | 6,417,618 | 6,417,618 | ||||||
Treasury Bills(6) — 9.4% | ||||||||
U.S. Treasury Bills, 5.41%, 7/11/24 | 4,500,000 | 4,474,991 | ||||||
U.S. Treasury Bills, 5.44%, 7/25/24 | 6,000,000 | 5,954,283 | ||||||
U.S. Treasury Bills, 5.44%, 8/1/24 | 8,250,000 | 8,179,016 | ||||||
U.S. Treasury Bills, 5.42%, 8/6/24 | 8,000,000 | 7,925,333 | ||||||
U.S. Treasury Bills, 5.41%, 8/22/24 | 12,000,000 | 11,860,533 | ||||||
U.S. Treasury Bills, 5.43%, 8/27/24 | 10,000,000 | 9,876,632 | ||||||
U.S. Treasury Bills, 5.43%, 9/10/24 | 6,000,000 | 5,913,953 | ||||||
U.S. Treasury Bills, 4.68%, 8/8/24 | 9,300,000 | 9,210,658 | ||||||
U.S. Treasury Bills, 5.43%, 10/1/24 | 2,500,000 | 2,456,759 | ||||||
65,852,158 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $72,250,788) | 72,269,776 | |||||||
TOTAL INVESTMENT SECURITIES — 119.3% (Cost $855,299,908) | 840,902,139 | |||||||
OTHER ASSETS AND LIABILITIES — (19.3)% | (135,854,198) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 705,047,941 |
FUTURES CONTRACTS PURCHASED | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury Long Bonds | 45 | September 2024 | $ | 5,222,812 | $ | (16,385) | ||||||||
U.S. Treasury Ultra Bonds | 25 | September 2024 | 3,060,938 | (4,142) | ||||||||||
$ | 8,283,750 | $ | (20,527) |
FUTURES CONTRACTS SOLD | ||||||||||||||
Reference Entity | Contracts | Expiration Date | Notional Amount | Unrealized Appreciation (Depreciation)^ | ||||||||||
U.S. Treasury 10-Year Ultra Notes | 27 | September 2024 | $ | 3,024,844 | $ | 10,580 |
CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS§ | |||||||||||||||||||||||
Reference Entity | Type‡ | Fixed Rate Received (Paid) Quarterly | Termination Date | Notional Amount | Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Value^ | ||||||||||||||||
Markit CDX North America Investment Grade Index Series 42 | Sell | 1.00% | 6/20/29 | $ | 15,000,000 | $ | 320,832 | $ | 45,972 | $ | 366,804 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
CDX | – | Credit Derivatives Indexes | ||||||
FHLB | – | Federal Home Loan Bank | ||||||
FHLMC | – | Federal Home Loan Mortgage Corp. | ||||||
FNMA | – | Federal National Mortgage Association | ||||||
GNMA | – | Government National Mortgage Association | ||||||
TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. | ||||||
UMBS | – | Uniform Mortgage-Backed Securities |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Corporate Bonds | — | $ | 443,409,686 | — | |||||||
U.S. Treasury Securities | — | 175,015,274 | — | ||||||||
U.S. Government Agency Mortgage-Backed Securities | — | 138,643,047 | — | ||||||||
U.S. Government Agency Securities | — | 9,313,363 | — | ||||||||
Sovereign Governments and Agencies | — | 2,250,993 | — | ||||||||
Short-Term Investments | $ | 6,417,618 | 65,852,158 | — | |||||||
$ | 6,417,618 | $ | 834,484,521 | — | |||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 10,580 | — | — | |||||||
Swap Agreements | — | $ | 366,804 | — | |||||||
$ | 10,580 | $ | 366,804 | — | |||||||
Liabilities | |||||||||||
Other Financial Instruments | |||||||||||
Futures Contracts | $ | 20,527 | — | — |