| Principal
Amount
| Value
|
Consumer, Non-cyclical - 8.6% (continued)
|
|
|
Tenet Healthcare Corp.
|
|
|
4.625%, 06/15/28
| $1,735,000
| $1,652,052
|
Teva Pharmaceutical Finance Netherlands III, B.V. (Netherlands)
|
|
|
5.125%, 05/09/292
| 2,300,000
| 2,210,258
|
United Rentals North America, Inc.
|
|
|
3.875%, 02/15/312
| 3,400,000
| 3,046,416
|
|
|
|
Total Consumer, Non-cyclical
|
| 35,645,836
|
Financial - 11.8%
|
|
|
Bank of America Corp.
|
|
|
MTN, (4.330% to 03/15/49 then 3 month SOFR + 1.782%), 4.330%, 03/15/504,5
| 2,775,000
| 2,388,580
|
(5.872% to 09/15/33 then SOFR + 1.840%), 5.872%, 09/15/344,5
| 3,100,000
| 3,215,227
|
The Bank of New York Mellon Corp.
|
|
|
Series H, (3.700% to 03/20/26 then U.S. Treasury Yield Curve CMT 5 year + 3.352%), 3.700%, 03/20/264,5,6
| 2,165,000
| 2,042,114
|
Citigroup, Inc.
|
|
|
Series P, (5.950% to 05/15/25 then 3 month SOFR + 4.167%), 5.950%, 05/15/252,4,5,6
| 1,550,000
| 1,547,672
|
Series T, (6.250% to 08/15/26 then 3 month SOFR + 4.779%), 6.250%, 08/15/262,4,5,6
| 1,075,000
| 1,077,761
|
Crown Castle, Inc.
|
|
|
4.000%, 03/01/27
| 2,100,000
| 2,029,800
|
The Goldman Sachs Group, Inc.
|
|
|
Series O, (5.300% to 11/10/26 then 3 month SOFR + 4.096%), 5.300%, 11/10/262,4,5,6
| 1,125,000
| 1,113,340
|
(6.561% to 10/24/33 then SOFR + 1.950%), 6.561%, 10/24/342,4,5
| 1,950,000
| 2,127,441
|
Huntington Bancshares, Inc.
|
|
|
(4.443% to 08/04/27 then SOFR + 1.970%), 4.443%, 08/04/282,4,5
| 2,430,000
| 2,344,952
|
JPMorgan Chase & Co.
|
|
|
(3.157% to 04/22/41 then SOFR + 1.460%), 3.157%, 04/22/424,5
| 2,730,000
| 2,077,063
|
MetLife, Inc.
|
|
|
Series G, (3.850% to 09/15/25 then U.S. Treasury Yield Curve CMT 5 year + 3.576%), 3.850%, 09/15/254,5,6
| 2,130,000
| 2,047,363
|
Morgan Stanley
|
|
|
(4.431% to 01/23/29 then 3 month SOFR + 1.890%), 4.431%, 01/23/304,5
| 4,178,000
| 4,046,034
|
The PNC Financial Services Group, Inc.
|
|
|
(5.068% to 01/24/33 then SOFR + 1.933%), 5.068%, 01/24/344,5
| 2,386,000
| 2,311,323
|
SBA Communications Corp.
|
|
|
3.875%, 02/15/27
| 2,950,000
| 2,805,710
|
SLM Corp.
|
|
|
3.125%, 11/02/26
| 3,365,000
| 3,125,272
|
4.200%, 10/29/25
| 838,000
| 817,757
|