| Principal
Amount
| Value
|
Corporate Bonds and Notes - 98.5%
|
|
|
Financials - 16.3%
|
|
|
Aircastle, Ltd. (Bermuda)
4.250%, 06/15/26
| $278,000
| $263,681
|
American Express Co.
(3.550% to 09/15/26 then U.S. Treasury Yield Curve CMT 5 year + 2.854%), 3.550%, 09/15/261,2,3
| 186,000
| 157,207
|
The Charles Schwab Corp.
|
|
|
Series I (4.000% to 06/01/26 then U.S. Treasury Yield Curve CMT 5 year + 3.168%), 4.000%, 06/01/261,2,3
| 131,000
| 106,800
|
Series F (5.000% to 12/01/27 then 3 month LIBOR + 2.575%), 5.000%, 12/01/271,2,3,4
| 39,000
| 30,557
|
|
|
|
|
Citigroup, Inc.
(3.875% to 02/18/26 then U.S. Treasury Yield Curve CMT 5 year + 3.417%), 3.875%, 02/18/261,2,3,4
| 276,000
| 233,082
|
Fifth Third Bancorp
3.650%, 01/25/24
| 25,000
| 24,392
|
First-Citizens Bank & Trust Co.
(3.929% to 06/19/23 then SOFR + 3.827%), 3.929%, 06/19/241,3
| 50,000
| 49,020
|
The Goldman Sachs Group, Inc.
Series U
(3.650% to 08/10/26 then U.S. Treasury Yield Curve CMT 5 year + 2.915%), 3.650%, 08/10/261,2,3,4
| 155,000
| 126,519
|
Huntington Bancshares, Inc.
2.625%, 08/06/24
| 25,000
| 23,438
|
JPMorgan Chase & Co.
Series S
(6.750% to 02/01/24 then 3 month LIBOR + 3.780%), 6.750%, 02/01/241,2,3
| 167,000
| 167,581
|
KeyCorp
(3.878% to 05/23/24 then SOFR + 1.250%), 3.878%, 05/23/251,3
| 25,000
| 24,098
|
MetLife, Inc.
Series G
(3.850% to 09/15/25 then U.S. Treasury Yield Curve CMT 5 year + 3.576%), 3.850%, 09/15/251,2,3
| 136,000
| 119,823
|
Morgan Stanley
Series M
(5.875% to 09/15/26 then 3 month LIBOR + 4.435%), 5.875%, 09/15/261,2,3,4
| 194,000
| 190,605
|
Navient Corp.
6.125%, 03/25/24
| 180,000
| 177,581
|
SBA Communications Corp.
3.875%, 02/15/27
| 225,000
| 212,408
|
SLM Corp.
4.200%, 10/29/25
| 259,000
| 233,100
|