Nonconvertible Bonds - 62.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
COMMUNICATION SERVICES - 4.4%
|
|||
Diversified Telecommunication Services - 1.3%
|
|||
AT&T, Inc.:
|
|||
1.7% 3/25/26
|
104,000
|
97,358
|
|
5.539% 2/20/26
|
20,000
|
19,999
|
|
Verizon Communications, Inc.:
|
|||
0.85% 11/20/25
|
64,000
|
59,978
|
|
3.376% 2/15/25
|
41,000
|
40,368
|
|
3.5% 11/1/24
|
97,000
|
96,142
|
|
313,845
|
|||
Media - 1.4%
|
|||
Discovery Communications LLC:
|
|||
3.9% 11/15/24
|
120,000
|
118,880
|
|
4.9% 3/11/26
|
50,000
|
49,342
|
|
Warnermedia Holdings, Inc.:
|
|||
3.638% 3/15/25
|
102,000
|
100,268
|
|
3.788% 3/15/25
|
90,000
|
88,516
|
|
357,006
|
|||
Wireless Telecommunication Services - 1.7%
|
|||
Rogers Communications, Inc. 3.625% 12/15/25
|
90,000
|
87,304
|
|
Sprint Corp.:
|
|||
7.625% 2/15/25
|
90,000
|
90,711
|
|
7.625% 3/1/26
|
25,000
|
25,662
|
|
T-Mobile U.S.A., Inc.:
|
|||
2.25% 2/15/26
|
120,000
|
113,613
|
|
3.5% 4/15/25
|
104,000
|
102,044
|
|
419,334
|
|||
TOTAL COMMUNICATION SERVICES
|
1,090,185
|
||
CONSUMER DISCRETIONARY - 5.2%
|
|||
Automobiles - 3.8%
|
|||
American Honda Finance Corp.:
|
|||
2.15% 9/10/24
|
38,000
|
37,642
|
|
4.95% 1/9/26
|
28,000
|
27,858
|
|
General Motors Financial Co., Inc.:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.620% 5.9515% 10/15/24 (b)(c)
|
25,000
|
25,017
|
|
1.2% 10/15/24
|
43,000
|
42,294
|
|
2.75% 6/20/25
|
100,000
|
96,975
|
|
3.8% 4/7/25
|
50,000
|
49,184
|
|
4% 1/15/25
|
93,000
|
92,029
|
|
4.3% 7/13/25
|
60,000
|
59,109
|
|
4.35% 4/9/25
|
30,000
|
29,653
|
|
6.05% 10/10/25
|
70,000
|
70,351
|
|
Hyundai Capital America:
|
|||
1.8% 10/15/25 (d)
|
50,000
|
47,436
|
|
2.65% 2/10/25 (d)
|
104,000
|
101,736
|
|
5.8% 6/26/25 (d)
|
55,000
|
55,023
|
|
5.875% 4/7/25 (d)
|
40,000
|
40,012
|
|
6% 7/11/25 (d)
|
90,000
|
90,255
|
|
6.25% 11/3/25 (d)
|
90,000
|
90,580
|
|
955,154
|
|||
Leisure Products - 0.3%
|
|||
Mattel, Inc. 3.375% 4/1/26 (d)
|
70,000
|
66,977
|
|
Specialty Retail - 1.1%
|
|||
AutoZone, Inc.:
|
|||
3.25% 4/15/25
|
102,000
|
99,957
|
|
3.625% 4/15/25
|
41,000
|
40,304
|
|
Lowe's Companies, Inc.:
|
|||
3.375% 9/15/25
|
30,000
|
29,247
|
|
4% 4/15/25
|
60,000
|
59,210
|
|
Ross Stores, Inc. 4.6% 4/15/25
|
40,000
|
39,656
|
|
268,374
|
|||
TOTAL CONSUMER DISCRETIONARY
|
1,290,505
|
||
CONSUMER STAPLES - 1.8%
|
|||
Beverages - 0.1%
|
|||
Constellation Brands, Inc. 4.75% 11/15/24
|
20,000
|
19,908
|
|
Consumer Staples Distribution & Retail - 1.2%
|
|||
7-Eleven, Inc. 0.95% 2/10/26 (d)
|
70,000
|
64,920
|
|
Dollar Tree, Inc. 4% 5/15/25
|
100,000
|
98,570
|
|
Sysco Corp. 3.75% 10/1/25
|
130,000
|
126,984
|
|
290,474
|
|||
Food Products - 0.5%
|
|||
Conagra Brands, Inc. 4.6% 11/1/25
|
100,000
|
98,663
|
|
Mondelez International, Inc. 1.5% 5/4/25
|
30,000
|
28,910
|
|
127,573
|
|||
TOTAL CONSUMER STAPLES
|
437,955
|
||
ENERGY - 5.5%
|
|||
Oil, Gas & Consumable Fuels - 5.5%
|
|||
Canadian Natural Resources Ltd.:
|
|||
2.05% 7/15/25
|
120,000
|
115,217
|
|
3.9% 2/1/25
|
83,000
|
81,988
|
|
DCP Midstream Operating LP 5.375% 7/15/25
|
70,000
|
69,679
|
|
Enbridge, Inc.:
|
|||
2.5% 1/15/25
|
120,000
|
117,717
|
|
2.5% 2/14/25
|
30,000
|
29,341
|
|
Enterprise Products Operating LP 3.75% 2/15/25
|
50,000
|
49,321
|
|
EQT Corp. 6.125% 2/1/25
|
110,000
|
110,008
|
|
MPLX LP:
|
|||
1.75% 3/1/26
|
50,000
|
46,814
|
|
4% 2/15/25
|
120,000
|
118,488
|
|
4.875% 12/1/24
|
102,000
|
101,629
|
|
4.875% 6/1/25
|
100,000
|
99,197
|
|
Phillips 66 Co. 3.605% 2/15/25
|
40,000
|
39,408
|
|
Spectra Energy Partners LP 3.5% 3/15/25
|
80,000
|
78,635
|
|
The Williams Companies, Inc.:
|
|||
3.9% 1/15/25
|
120,000
|
118,719
|
|
4.55% 6/24/24
|
35,000
|
34,968
|
|
Transcontinental Gas Pipe Line Co. LLC 7.85% 2/1/26
|
50,000
|
51,504
|
|
Western Midstream Operating LP 3.1% 2/1/25
|
110,000
|
107,780
|
|
1,370,413
|
|||
FINANCIALS - 28.2%
|
|||
Banks - 14.8%
|
|||
Bank of America Corp.:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.650% 1.53% 12/6/25 (b)(c)
|
50,000
|
48,924
|
|
1.197% 10/24/26 (b)
|
74,000
|
69,597
|
|
1.319% 6/19/26 (b)
|
59,000
|
56,347
|
|
2.015% 2/13/26 (b)
|
30,000
|
29,220
|
|
2.456% 10/22/25 (b)
|
25,000
|
24,677
|
|
3.093% 10/1/25 (b)
|
40,000
|
39,633
|
|
3.366% 1/23/26 (b)
|
60,000
|
59,085
|
|
3.384% 4/2/26 (b)
|
85,000
|
83,334
|
|
4.827% 7/22/26 (b)
|
70,000
|
69,308
|
|
Bank of Montreal:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Averages Index + 0.460% 5.7976% 1/10/25 (b)(c)
|
50,000
|
50,056
|
|
0.949% 1/22/27 (b)
|
50,000
|
46,500
|
|
1.5% 1/10/25
|
20,000
|
19,517
|
|
3.7% 6/7/25
|
50,000
|
49,085
|
|
5.2% 12/12/24
|
57,000
|
56,885
|
|
5.92% 9/25/25
|
30,000
|
30,168
|
|
Bank of Nova Scotia:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.380% 5.707% 7/31/24 (b)(c)
|
50,000
|
50,013
|
|
1.3% 6/11/25
|
33,000
|
31,605
|
|
3.45% 4/11/25
|
30,000
|
29,466
|
|
5.25% 12/6/24
|
112,000
|
111,758
|
|
5.45% 6/12/25
|
30,000
|
29,964
|
|
Canadian Imperial Bank of Commerce:
|
|||
2.25% 1/28/25
|
41,000
|
40,115
|
|
5.144% 4/28/25
|
50,000
|
49,815
|
|
Citigroup, Inc.:
|
|||
1.281% 11/3/25 (b)
|
94,000
|
92,214
|
|
2.014% 1/25/26 (b)
|
114,000
|
111,233
|
|
3.106% 4/8/26 (b)
|
111,000
|
108,558
|
|
3.29% 3/17/26 (b)
|
112,000
|
109,824
|
|
JPMorgan Chase & Co.:
|
|||
2.005% 3/13/26 (b)
|
115,000
|
111,737
|
|
2.083% 4/22/26 (b)
|
113,000
|
109,450
|
|
2.301% 10/15/25 (b)
|
112,000
|
110,555
|
|
4.08% 4/26/26 (b)
|
94,000
|
92,628
|
|
5.546% 12/15/25 (b)
|
103,000
|
102,877
|
|
PNC Financial Services Group, Inc.:
|
|||
2.2% 11/1/24
|
30,000
|
29,575
|
|
4.758% 1/26/27 (b)
|
62,000
|
61,222
|
|
5.671% 10/28/25 (b)
|
116,000
|
115,978
|
|
5.812% 6/12/26 (b)
|
79,000
|
79,116
|
|
Regions Financial Corp. 2.25% 5/18/25
|
90,000
|
87,045
|
|
Royal Bank of Canada:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Averages Index + 0.340% 5.6746% 10/7/24 (b)(c)
|
50,000
|
50,033
|
|
U.S. Secured Overnight Fin. Rate (SOFR) Averages Index + 0.360% 5.6872% 7/29/24 (b)(c)
|
50,000
|
50,010
|
|
2.55% 7/16/24
|
25,000
|
24,910
|
|
5.66% 10/25/24
|
40,000
|
39,989
|
|
The Toronto-Dominion Bank:
|
|||
2.65% 6/12/24
|
55,000
|
54,959
|
|
3.766% 6/6/25
|
42,000
|
41,276
|
|
Truist Financial Corp.:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.400% 5.7473% 6/9/25 (b)(c)
|
25,000
|
24,999
|
|
1.267% 3/2/27 (b)
|
34,000
|
31,537
|
|
2.5% 8/1/24
|
20,000
|
19,894
|
|
2.85% 10/26/24
|
21,000
|
20,760
|
|
4% 5/1/25
|
40,000
|
39,408
|
|
4.26% 7/28/26 (b)
|
100,000
|
98,344
|
|
5.9% 10/28/26 (b)
|
116,000
|
116,282
|
|
U.S. Bancorp:
|
|||
1.45% 5/12/25
|
22,000
|
21,188
|
|
2.4% 7/30/24
|
38,000
|
37,800
|
|
5.727% 10/21/26 (b)
|
79,000
|
79,128
|
|
Wells Fargo & Co.:
|
|||
2.164% 2/11/26 (b)
|
100,000
|
97,562
|
|
2.188% 4/30/26 (b)
|
121,000
|
117,191
|
|
2.406% 10/30/25 (b)
|
114,000
|
112,439
|
|
3.908% 4/25/26 (b)
|
111,000
|
109,198
|
|
4.54% 8/15/26 (b)
|
77,000
|
76,082
|
|
3,660,073
|
|||
Capital Markets - 6.6%
|
|||
Bank of New York Mellon Corp.:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.200% 5.5278% 10/25/24 (b)(c)
|
50,000
|
49,983
|
|
1.6% 4/24/25
|
43,000
|
41,555
|
|
4.414% 7/24/26 (b)
|
80,000
|
79,056
|
|
Goldman Sachs Group, Inc.:
|
|||
0.855% 2/12/26 (b)
|
114,000
|
110,167
|
|
1.093% 12/9/26 (b)
|
84,000
|
78,411
|
|
3.272% 9/29/25 (b)
|
93,000
|
92,236
|
|
3.5% 1/23/25
|
40,000
|
39,454
|
|
3.5% 4/1/25
|
30,000
|
29,479
|
|
5.7% 11/1/24
|
36,000
|
36,000
|
|
5.798% 8/10/26 (b)
|
96,000
|
96,065
|
|
Intercontinental Exchange, Inc. 3.65% 5/23/25
|
76,000
|
74,664
|
|
Moody's Corp. 3.75% 3/24/25
|
41,000
|
40,423
|
|
Morgan Stanley:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.500% 5.8379% 1/22/25 (b)(c)
|
150,000
|
150,105
|
|
0.864% 10/21/25 (b)
|
110,000
|
107,885
|
|
0.985% 12/10/26 (b)
|
52,000
|
48,463
|
|
1.164% 10/21/25 (b)
|
40,000
|
39,279
|
|
2.188% 4/28/26 (b)
|
116,000
|
112,386
|
|
4.679% 7/17/26 (b)
|
30,000
|
29,665
|
|
NASDAQ, Inc. 5.65% 6/28/25
|
79,000
|
79,017
|
|
State Street Corp.:
|
|||
2.354% 11/1/25 (b)
|
103,000
|
101,546
|
|
2.901% 3/30/26 (b)
|
113,000
|
110,340
|
|
4.857% 1/26/26 (b)
|
42,000
|
41,761
|
|
5.751% 11/4/26 (b)
|
50,000
|
50,178
|
|
1,638,118
|
|||
Consumer Finance - 3.0%
|
|||
Ally Financial, Inc. 5.8% 5/1/25
|
115,000
|
114,922
|
|
American Express Co.:
|
|||
3% 10/30/24
|
38,000
|
37,593
|
|
4.99% 5/1/26 (b)
|
111,000
|
110,268
|
|
6.338% 10/30/26 (b)
|
75,000
|
75,802
|
|
Capital One Financial Corp.:
|
|||
2.636% 3/3/26 (b)
|
113,000
|
110,318
|
|
3.2% 2/5/25
|
40,000
|
39,324
|
|
3.3% 10/30/24
|
75,000
|
74,247
|
|
4.25% 4/30/25
|
70,000
|
69,102
|
|
4.985% 7/24/26 (b)
|
100,000
|
99,074
|
|
Toyota Motor Credit Corp. 0.5% 6/18/24
|
20,000
|
19,958
|
|
750,608
|
|||
Financial Services - 1.6%
|
|||
Corebridge Financial, Inc. 3.5% 4/4/25
|
105,000
|
103,067
|
|
Corebridge Global Funding 0.9% 9/22/25 (d)
|
100,000
|
94,037
|
|
PayPal Holdings, Inc.:
|
|||
1.65% 6/1/25
|
30,000
|
28,889
|
|
2.4% 10/1/24
|
20,000
|
19,789
|
|
The Western Union Co.:
|
|||
1.35% 3/15/26
|
34,000
|
31,498
|
|
2.85% 1/10/25
|
110,000
|
107,994
|
|
385,274
|
|||
Insurance - 2.2%
|
|||
Equitable Financial Life Global Funding:
|
|||
0.8% 8/12/24 (d)
|
36,000
|
35,642
|
|
1% 1/9/26 (d)
|
120,000
|
111,549
|
|
1.1% 11/12/24 (d)
|
76,000
|
74,408
|
|
1.4% 7/7/25 (d)
|
121,000
|
115,533
|
|
5.5% 12/2/25 (d)
|
101,000
|
100,753
|
|
Marsh & McLennan Companies, Inc. 3.5% 3/10/25
|
21,000
|
20,686
|
|
TIAA Asset Management Finance LLC 4.125% 11/1/24 (d)
|
80,000
|
79,414
|
|
537,985
|
|||
TOTAL FINANCIALS
|
6,972,058
|
||
HEALTH CARE - 4.5%
|
|||
Biotechnology - 0.7%
|
|||
AbbVie, Inc.:
|
|||
2.6% 11/21/24
|
20,000
|
19,720
|
|
3.6% 5/14/25
|
21,000
|
20,635
|
|
3.8% 3/15/25
|
20,000
|
19,730
|
|
3.85% 6/15/24
|
25,000
|
24,976
|
|
Amgen, Inc.:
|
|||
3.125% 5/1/25
|
50,000
|
48,919
|
|
5.25% 3/2/25
|
40,000
|
39,903
|
|
173,883
|
|||
Health Care Equipment & Supplies - 0.2%
|
|||
Boston Scientific Corp. 1.9% 6/1/25
|
41,000
|
39,580
|
|
Health Care Providers & Services - 3.2%
|
|||
Cigna Group:
|
|||
1.25% 3/15/26
|
120,000
|
111,623
|
|
3.25% 4/15/25
|
60,000
|
58,824
|
|
CVS Health Corp.:
|
|||
2.625% 8/15/24
|
58,000
|
57,620
|
|
4.1% 3/25/25
|
90,000
|
88,852
|
|
HCA Holdings, Inc.:
|
|||
5.25% 4/15/25
|
80,000
|
79,655
|
|
5.25% 6/15/26
|
60,000
|
59,658
|
|
5.375% 2/1/25
|
120,000
|
119,592
|
|
5.875% 2/15/26
|
100,000
|
100,151
|
|
Humana, Inc. 3.85% 10/1/24
|
110,000
|
109,291
|
|
785,266
|
|||
Life Sciences Tools & Services - 0.1%
|
|||
Thermo Fisher Scientific, Inc. 1.215% 10/18/24
|
40,000
|
39,353
|
|
Pharmaceuticals - 0.3%
|
|||
Bayer U.S. Finance II LLC 3.375% 7/15/24 (d)
|
42,000
|
41,870
|
|
Bristol-Myers Squibb Co. 2.9% 7/26/24
|
35,000
|
34,861
|
|
76,731
|
|||
TOTAL HEALTH CARE
|
1,114,813
|
||
INDUSTRIALS - 3.1%
|
|||
Building Products - 0.7%
|
|||
Carrier Global Corp.:
|
|||
2.242% 2/15/25
|
83,000
|
81,007
|
|
5.8% 11/30/25
|
87,000
|
87,393
|
|
168,400
|
|||
Commercial Services & Supplies - 0.3%
|
|||
Republic Services, Inc.:
|
|||
0.875% 11/15/25
|
40,000
|
37,486
|
|
3.2% 3/15/25
|
30,000
|
29,477
|
|
66,963
|
|||
Ground Transportation - 0.2%
|
|||
Canadian Pacific Railway Co. 1.35% 12/2/24
|
50,000
|
48,957
|
|
Industrial Conglomerates - 0.3%
|
|||
Trane Technologies Financing Ltd. 3.55% 11/1/24
|
88,000
|
87,208
|
|
Machinery - 0.5%
|
|||
Caterpillar Financial Services Corp. U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.270% 5.616% 9/13/24 (b)(c)
|
75,000
|
75,028
|
|
Otis Worldwide Corp. 2.056% 4/5/25
|
51,000
|
49,532
|
|
124,560
|
|||
Trading Companies & Distributors - 1.1%
|
|||
Air Lease Corp.:
|
|||
2.3% 2/1/25
|
111,000
|
108,388
|
|
2.875% 1/15/26
|
50,000
|
47,792
|
|
3.25% 3/1/25
|
110,000
|
107,810
|
|
263,990
|
|||
TOTAL INDUSTRIALS
|
760,078
|
||
INFORMATION TECHNOLOGY - 3.2%
|
|||
Electronic Equipment, Instruments & Components - 0.6%
|
|||
Dell International LLC/EMC Corp.:
|
|||
4% 7/15/24
|
22,000
|
21,955
|
|
5.85% 7/15/25
|
50,000
|
50,157
|
|
6.02% 6/15/26
|
72,000
|
72,649
|
|
144,761
|
|||
Semiconductors & Semiconductor Equipment - 1.2%
|
|||
Marvell Technology, Inc. 1.65% 4/15/26
|
60,000
|
55,967
|
|
Micron Technology, Inc. 4.975% 2/6/26
|
70,000
|
69,424
|
|
NXP BV/NXP Funding LLC 5.35% 3/1/26
|
61,000
|
60,763
|
|
NXP BV/NXP Funding LLC/NXP U.S.A., Inc. 2.7% 5/1/25
|
122,000
|
118,699
|
|
304,853
|
|||
Software - 1.4%
|
|||
Oracle Corp.:
|
|||
1.65% 3/25/26
|
50,000
|
46,778
|
|
2.5% 4/1/25
|
40,000
|
38,968
|
|
2.95% 11/15/24
|
88,000
|
86,920
|
|
2.95% 5/15/25
|
63,000
|
61,418
|
|
Roper Technologies, Inc.:
|
|||
1% 9/15/25
|
70,000
|
66,103
|
|
2.35% 9/15/24
|
45,000
|
44,585
|
|
344,772
|
|||
TOTAL INFORMATION TECHNOLOGY
|
794,386
|
||
MATERIALS - 1.7%
|
|||
Chemicals - 1.7%
|
|||
Celanese U.S. Holdings LLC:
|
|||
5.9% 7/5/24
|
20,000
|
19,996
|
|
6.05% 3/15/25
|
79,000
|
79,063
|
|
International Flavors & Fragrances, Inc. 1.23% 10/1/25 (d)
|
90,000
|
84,766
|
|
Nutrien Ltd.:
|
|||
3% 4/1/25
|
84,000
|
82,203
|
|
5.9% 11/7/24
|
74,000
|
74,048
|
|
5.95% 11/7/25
|
70,000
|
70,377
|
|
410,453
|
|||
REAL ESTATE - 1.4%
|
|||
Equity Real Estate Investment Trusts (REITs) - 1.4%
|
|||
American Tower Corp.:
|
|||
1.3% 9/15/25
|
70,000
|
66,294
|
|
2.4% 3/15/25
|
90,000
|
87,739
|
|
2.95% 1/15/25
|
120,000
|
117,908
|
|
4% 6/1/25
|
48,000
|
47,217
|
|
Crown Castle, Inc. 1.35% 7/15/25
|
30,000
|
28,591
|
|
347,749
|
|||
UTILITIES - 3.6%
|
|||
Electric Utilities - 1.1%
|
|||
Edison International:
|
|||
3.55% 11/15/24
|
40,000
|
39,589
|
|
4.7% 8/15/25
|
30,000
|
29,620
|
|
Eversource Energy:
|
|||
2.9% 10/1/24
|
50,000
|
49,491
|
|
4.2% 6/27/24
|
20,000
|
19,977
|
|
Exelon Corp. 3.95% 6/15/25
|
70,000
|
68,802
|
|
Mississippi Power Co. U.S. Secured Overnight Fin. Rate (SOFR) Index + 0.300% 5.6413% 6/28/24 (b)(c)
|
50,000
|
50,000
|
|
Tampa Electric Co. 3.875% 7/12/24
|
7,000
|
6,985
|
|
264,464
|
|||
Gas Utilities - 0.4%
|
|||
The East Ohio Gas Co. 1.3% 6/15/25 (d)
|
104,000
|
99,247
|
|
Independent Power and Renewable Electricity Producers - 0.4%
|
|||
The AES Corp. 3.3% 7/15/25 (d)
|
100,000
|
97,127
|
|
Multi-Utilities - 1.7%
|
|||
Dominion Energy, Inc.:
|
|||
3.3% 3/15/25
|
50,000
|
49,002
|
|
3.9% 10/1/25
|
110,000
|
107,600
|
|
NiSource, Inc. 0.95% 8/15/25
|
85,000
|
80,437
|
|
Puget Energy, Inc. 3.65% 5/15/25
|
110,000
|
107,792
|
|
Sempra 3.3% 4/1/25
|
20,000
|
19,603
|
|
WEC Energy Group, Inc. 5% 9/27/25
|
70,000
|
69,524
|
|
433,958
|
|||
TOTAL UTILITIES
|
894,796
|
||
TOTAL NONCONVERTIBLE BONDS
(Cost $15,478,219)
|
15,483,391
|
||
U.S. Treasury Obligations - 28.3%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
U.S. Treasury Bills, yield at date of purchase 5.06% to 5.33% 6/13/24 to 9/5/24
|
5,952,300
|
5,904,194
|
|
U.S. Treasury Notes 3% 6/30/24
|
1,100,000
|
1,098,028
|
|
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $7,001,141)
|
7,002,222
|
||
Asset-Backed Securities - 6.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Ally Auto Receivables Trust Series 2024-1 Class A2, 5.32% 1/15/27
|
80,000
|
79,842
|
|
BMW Vehicle Lease Trust:
|
|||
Series 2023-2 Class A2, 5.95% 8/25/25
|
16,711
|
16,726
|
|
Series 2024-1 Class A2A, 5.1% 7/27/26
|
32,000
|
31,887
|
|
BMW Vehicle Owner Trust Series 2023-A Class A2A, 5.72% 4/27/26
|
27,305
|
27,315
|
|
Bofa Auto Trust 2024-1 Series 2024-1A Class A2, 5.57% 12/15/26 (d)
|
39,000
|
38,980
|
|
Capital One Prime Auto Receiva Series 2023-2 Class A2A, 5.91% 10/15/26
|
35,087
|
35,146
|
|
Capital One Prime Auto Receivables Series 2023-1 Class A2, 5.2% 5/15/26
|
8,174
|
8,160
|
|
CarMax Auto Owner Trust:
|
|||
Series 2021-1 Class A3, 0.34% 12/15/25
|
1,091
|
1,082
|
|
Series 2023 2 Class A2A, 5.5% 6/15/26
|
5,406
|
5,402
|
|
Carmax Auto Owner Trust:
|
|||
Series 2024-1 Class A2A, 5.3% 3/15/27
|
33,000
|
32,919
|
|
Series 2024-2 Class A2A, 5.65% 5/17/27
|
57,000
|
57,020
|
|
Carmax Auto Owner Trust 2023-4 Series 2023-4 Class A2A, 6.08% 12/15/26
|
17,585
|
17,621
|
|
Chase Auto Owner Trust Series 2024-1A Class A2, 5.48% 4/26/27 (d)
|
50,000
|
49,945
|
|
Citizens Auto Receivables Trust:
|
|||
Series 2024-1 Class A2A, 5.43% 10/15/26 (d)
|
34,000
|
33,947
|
|
Series 2024-2 Class A2A, 5.54% 11/16/26 (d)
|
43,000
|
42,970
|
|
Daimler Trucks Retail Trust 20 Series 2024-1 Class A2, 5.6% 4/15/26
|
100,000
|
99,953
|
|
Dllaa 2023-1A Series 2023-1A Class A2, 5.93% 7/20/26 (d)
|
1,590
|
1,592
|
|
DLLAD:
|
|||
Series 2023-1A Class A2, 5.19% 4/20/26 (d)
|
7,517
|
7,499
|
|
Series 2024-1A Class A2, 5.5% 8/20/27 (d)
|
25,000
|
24,986
|
|
Ford Credit Auto Lease Trust Series 2024-A Class A2A, 5.24% 7/15/26
|
23,000
|
22,951
|
|
Ford Credit Auto Owner Trust Series 2023-B Class A2A, 5.57% 6/15/26
|
17,640
|
17,634
|
|
Ford Credit Floorplan Master Owner Trust Series 2019-4 Class A, 2.44% 9/15/26
|
30,000
|
29,722
|
|
Fordl 2023-A Series 2023-A Class A2A, 5.19% 6/15/25
|
104
|
104
|
|
GM Financial Automobile Leasing Trust:
|
|||
Series 2023-A Class A2A, 5.27% 6/20/25
|
2,496
|
2,495
|
|
Series 2024-2 Class A2A, 5.43% 9/21/26
|
63,000
|
63,028
|
|
Gm Financial Consumer Automobi Series 2024-2 Class A2A, 5.33% 3/16/27
|
41,000
|
40,921
|
|
GM Financial Consumer Automobile Series 2024-1 Class ASB, 5.12% 2/16/27
|
28,000
|
27,915
|
|
Gm Financial Consumer Automobile Re Series 2023-1 Class A2A, 5.19% 3/16/26
|
2,719
|
2,715
|
|
GM Financial Consumer Automobile Receivables Series 2023 2 Class A2A, 5.1% 5/18/26
|
8,356
|
8,341
|
|
GM Financial Consumer Automobile Receivables Trust:
|
|||
Series 2022-3 Class A2A, 3.5% 9/16/25
|
395
|
395
|
|
Series 2022-4 Class A2A, 4.6% 11/17/25
|
1,468
|
1,466
|
|
Gm Financial Leasing Trust 202 Series 2023-3 Class A2A, 5.58% 1/20/26
|
14,598
|
14,593
|
|
Honda Auto Receivables 2024-2 Series 2024-2 Class A2, 5.48% 11/18/26
|
60,000
|
59,975
|
|
Hyundai Auto Lease Securitizat Series 2024-B Class A2A, 5.51% 10/15/26 (d)
|
100,000
|
99,867
|
|
Hyundai Auto Receivables Trust:
|
|||
Series 2022-C, Class A2A, 5.35% 11/17/25
|
3,751
|
3,749
|
|
Series 2023-B Class A2A, 5.77% 5/15/26
|
12,367
|
12,373
|
|
Series 2024-A Class A2A, 5.29% 4/15/27
|
40,000
|
39,920
|
|
John Deere Owner Trust Series 2024-A Class A2A, 5.19% 2/16/27
|
60,000
|
59,836
|
|
Mercedes-Benz Auto Lease Trust Series 2024-A Class A2A, 5.44% 2/16/27
|
76,000
|
75,932
|
|
Mercedes-Benz Auto Receivables:
|
|||
Series 2023-1 Class A2, 5.09% 1/15/26
|
2,213
|
2,212
|
|
Series 2023-2 Class A2, 5.92% 11/16/26
|
14,880
|
14,898
|
|
Series 2024-1 Class A2A, 5.06% 5/17/27
|
35,000
|
34,863
|
|
Nissan Auto Receivables 2023-B Series 2023-B Class A2A, 5.95% 5/15/26
|
20,000
|
20,039
|
|
Sbna Auto Lease Trust Series 2024-B Class A2, 5.67% 11/20/26 (d)
|
45,000
|
45,016
|
|
Sfs Auto Receivables Securitization Trust:
|
|||
Series 2024-1A Class A2, 5.35% 6/21/27 (d)
|
13,283
|
13,253
|
|
Series 2024-2A Class A2, 5.71% 10/20/27 (d)
|
63,000
|
63,025
|
|
Tesla Series 2024-A Class A2A, 5.37% 6/22/26 (d)
|
3,000
|
2,993
|
|
Tesla Auto Lease Trust 2023-B Series 2023-B Class A2, 6.02% 9/22/25 (d)
|
5,971
|
5,978
|
|
Tesla Auto Lease Trust 23-A Series 2023-A Class A2, 5.86% 8/20/25 (d)
|
12,823
|
12,829
|
|
Tesla Electric Vehicle Trust 2023-1 Series 2023-1 Class A2A, 5.54% 12/21/26 (d)
|
30,000
|
29,982
|
|
Toyota Auto Receivables Series 2022-D Class A2A, 5.27% 1/15/26
|
6,250
|
6,245
|
|
Toyota Auto Receivables 2023-D Series 2023-D Class A2A, 5.8% 11/16/26
|
15,675
|
15,691
|
|
Toyota Auto Receivables Owner Trust:
|
|||
Series 2023-A Class A2, 5.05% 1/15/26
|
5,202
|
5,195
|
|
Series 2023-C Class A2A, 5.6% 8/17/26
|
15,478
|
15,475
|
|
Toyota Lease Owner Trust Series 2024-A Class A2A, 5.33% 7/20/26 (d)
|
60,000
|
59,882
|
|
Usaa Auto Owner Trust 2023-A Series 2023-A Class A2, 5.83% 7/15/26 (d)
|
11,290
|
11,296
|
|
World Omni Auto Receivables Trust:
|
|||
Series 2023-C Class A2A, 5.57% 12/15/26
|
13,407
|
13,404
|
|
Series 2023-D Class A2A, 5.91% 2/16/27
|
10,862
|
10,879
|
|
Series 2024-B Class A2A, 5.48% 9/15/27
|
54,000
|
53,977
|
|
TOTAL ASSET-BACKED SECURITIES
(Cost $1,634,826)
|
1,634,056
|
||
Commercial Mortgage Securities - 0.2%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Morgan Stanley BAML Trust Series 2015-C21 Class ASB, 3.15% 3/15/48
(Cost $56,956)
|
57,699
|
57,180
|
|
Money Market Funds - 3.5%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 5.39% (e)
(Cost $859,312)
|
859,140
|
859,312
|
|
TOTAL INVESTMENT IN SECURITIES - 101.2%
(Cost $25,030,454)
|
25,036,161
|
NET OTHER ASSETS (LIABILITIES) - (1.2)%
|
(300,774)
|
NET ASSETS - 100.0%
|
24,735,387
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(c)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(d)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,035,325 or 8.2% of net assets.
|
(e)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
% ownership,
end
of period
|
Fidelity Cash Central Fund 5.39%
|
15,087
|
20,913,577
|
20,069,343
|
18,459
|
(9)
|
-
|
859,312
|
0.0%
|
Total
|
15,087
|
20,913,577
|
20,069,343
|
18,459
|
(9)
|
-
|
859,312
|
|