Trust for Professional Managers (APIE) NPORT-P/A ActivePassive Core Bond ETF (Nov 2024 report)

ActivePassive Core Bond ETF

Schedule of Investments

November 30, 2024 (Unaudited)

U.S. TREASURY SECURITIES - 32.9%	Par			Value
United States Treasury Note/Bond
4.63%, 02/28/2025	$	1,809,000	$	1,809,428
2.63%, 03/31/2025	1,307,000			1,299,427
3.88%, 03/31/2025	5,146,000			5,136,316
0.38%, 04/30/2025	512,000			503,623
2.88%, 04/30/2025	1,194,000			1,186,546
3.88%, 04/30/2025	279,000			278,394
2.13%, 05/15/2025	1,958,000			1,938,081
2.75%, 05/15/2025	158,000			156,836
0.25%, 05/31/2025	5,000			4,899
2.88%, 05/31/2025	5,000			4,962
2.88%, 06/15/2025	6,000			5,953
2.75%, 06/30/2025	1,066,000			1,056,295
3.00%, 07/15/2025	920,000			912,481
4.25%, 10/15/2025	11,000			10,988
4.25%, 12/31/2025	683,000			682,333
4.25%, 01/31/2026	271,000			270,778
4.00%, 02/15/2026	380,000			378,679
4.63%, 02/28/2026	300,000			301,113
4.63%, 03/15/2026	1,657,000			1,663,796
4.50%, 03/31/2026	656,000			657,743
4.88%, 04/30/2026	829,000			835,768
4.88%, 05/31/2026	882,000			889,718
4.63%, 06/30/2026	854,000			858,921
1.88%, 07/31/2026	345,000			332,130
4.38%, 07/31/2026	869,000			870,969
6.75%, 08/15/2026	1,661,000			1,733,669
0.75%, 08/31/2026	186,000			175,247
3.75%, 08/31/2026	1,485,000			1,473,166
3.50%, 09/30/2026	3,900,000			3,851,859
4.13%, 10/31/2026	1,490,000			1,488,021
2.00%, 11/15/2026	673,000			645,738
1.63%, 11/30/2026	205,000			195,102
4.38%, 12/15/2026	2,039,000			2,046,487
4.00%, 01/15/2027	3,055,000			3,044,618
4.25%, 03/15/2027	548,000			549,135
4.50%, 04/15/2027	1,496,000			1,507,658
4.50%, 05/15/2027	3,231,000			3,257,378
4.63%, 06/15/2027	4,391,000			4,443,057
3.25%, 06/30/2027	5,000			4,894
4.38%, 07/15/2027	1,625,000			1,635,029
3.75%, 08/15/2027	512,000			507,130
3.38%, 09/15/2027	5,055,000			4,957,652
0.38%, 09/30/2027	15,000			13,513
0.50%, 10/31/2027	1,136,000			1,024,308
6.13%, 11/15/2027	1,666,000			1,760,168
0.63%, 11/30/2027	5,000			4,513
0.63%, 12/31/2027	1,422,000			1,279,689
0.75%, 01/31/2028	5,000			4,504
4.00%, 02/29/2028	512,000			510,150
3.63%, 03/31/2028	1,510,000			1,487,114
1.25%, 05/31/2028	11,000			9,982
1.25%, 06/30/2028	5,000			4,527
1.00%, 07/31/2028	3,798,000			3,398,839
2.88%, 08/15/2028	1,173,000			1,123,308
1.13%, 08/31/2028	6,000			5,381
1.25%, 09/30/2028	5,000			4,496
1.38%, 10/31/2028	5,000			4,510
5.25%, 11/15/2028	1,659,000			1,728,989
1.50%, 11/30/2028	1,334,000			1,206,723
1.38%, 12/31/2028	1,311,000			1,177,647
3.75%, 12/31/2028	702,000			692,498
1.75%, 01/31/2029	5,000			4,553
4.00%, 01/31/2029	263,000			261,875
1.88%, 02/28/2029	10,000			9,139
4.25%, 02/28/2029	296,000			297,601
2.38%, 03/31/2029	5,000			4,659
4.63%, 04/30/2029	4,868,000			4,969,448
2.38%, 05/15/2029	5,000			4,655
4.50%, 05/31/2029	894,000			908,789
3.25%, 06/30/2029	2,387,000			2,302,523
4.25%, 06/30/2029	7,050,000			7,092,961
4.00%, 07/31/2029	3,378,000			3,364,343
1.63%, 08/15/2029	5,000			4,482
3.63%, 08/31/2029	1,430,000			1,401,791
3.50%, 09/30/2029	4,985,000			4,857,065
1.75%, 11/15/2029	5,000			4,488
3.88%, 12/31/2029	5,000			4,948
1.50%, 02/15/2030	5,000			4,394
4.00%, 02/28/2030	1,610,000			1,601,950
3.63%, 03/31/2030	658,000			643,002
3.50%, 04/30/2030	606,000			588,353
0.63%, 05/15/2030	3,436,000			2,856,108
3.75%, 05/31/2030	3,273,000			3,215,083
3.75%, 06/30/2030	1,324,000			1,300,365
4.00%, 07/31/2030	1,582,000			1,572,947
0.63%, 08/15/2030	6,524,000			5,376,439
4.13%, 08/31/2030	5,000			5,000
4.63%, 09/30/2030	323,000			331,378
4.88%, 10/31/2030	627,000			651,615
0.88%, 11/15/2030	4,518,000			3,758,235
4.38%, 11/30/2030	684,000			693,058
3.75%, 12/31/2030	3,461,000			3,392,726
4.00%, 01/31/2031	1,256,000			1,247,537
1.13%, 02/15/2031	4,296,000			3,609,731
4.25%, 02/28/2031	5,641,000			5,678,460
4.13%, 03/31/2031	15,523,000			15,519,968
4.63%, 04/30/2031	4,615,000			4,743,084
1.63%, 05/15/2031	15,000			12,892
4.63%, 05/31/2031	215,000			220,984
4.25%, 06/30/2031	4,153,000			4,181,714
4.13%, 07/31/2031	555,000			554,805
1.25%, 08/15/2031	4,666,000			3,884,354
3.75%, 08/31/2031	1,685,000			1,647,186
4.13%, 10/31/2031	760,000			759,763
1.38%, 11/15/2031	3,500,000			2,919,424
1.88%, 02/15/2032	2,685,000			2,307,737
2.88%, 05/15/2032	1,268,000			1,164,925
2.75%, 08/15/2032	1,291,000			1,172,011
3.50%, 02/15/2033	2,879,000			2,745,959
3.38%, 05/15/2033	5,000			4,716
3.88%, 08/15/2033	9,470,000			9,258,220
4.50%, 11/15/2033	398,000			407,219
4.00%, 02/15/2034	7,138,000			7,032,045
4.38%, 05/15/2034	14,219,000			14,415,622
3.88%, 08/15/2034	6,492,000			6,327,164
4.25%, 11/15/2034	1,355,000			1,361,246
4.75%, 02/15/2037	587,000			618,276
1.13%, 05/15/2040	589,000			374,372
1.13%, 08/15/2040	98,000			61,742
1.38%, 11/15/2040	638,000			416,818
1.88%, 02/15/2041	640,000			452,075
2.25%, 05/15/2041	147,000			109,885
1.75%, 08/15/2041	637,000			435,263
2.00%, 11/15/2041	615,000			435,581
3.13%, 11/15/2041	19,000			16,104
2.38%, 02/15/2042	587,000			440,135
3.13%, 02/15/2042	971,000			819,357
3.25%, 05/15/2042	623,000			532,908
3.88%, 02/15/2043	580,000			537,995
3.88%, 05/15/2043	51,000			47,216
4.38%, 08/15/2043	264,000			261,231
3.75%, 11/15/2043	3,298,000			2,985,334
4.75%, 11/15/2043	2,244,000			2,328,413
4.50%, 02/15/2044	502,000			503,490
3.38%, 05/15/2044	675,000			575,701
4.63%, 05/15/2044	4,798,000			4,888,712
4.13%, 08/15/2044	208,000			198,055
2.88%, 08/15/2045	200,000			155,812
3.00%, 02/15/2047	626,000			491,165
2.75%, 08/15/2047	194,000			144,882
2.75%, 11/15/2047	298,000			222,115
3.13%, 05/15/2048	714,000			568,467
3.00%, 08/15/2048	515,000			400,282
3.38%, 11/15/2048	802,000			666,193
3.00%, 02/15/2049	660,000			511,887
2.88%, 05/15/2049	794,000			600,354
2.25%, 08/15/2049	1,047,000			694,067
2.38%, 11/15/2049	795,000			540,895
2.00%, 02/15/2050	338,000			210,563
1.38%, 08/15/2050	2,028,000			1,068,304
1.63%, 11/15/2050	364,000			204,842
1.88%, 02/15/2051	1,403,000			842,129
2.38%, 05/15/2051	1,372,000			927,225
2.00%, 08/15/2051	540,000			333,123
1.88%, 11/15/2051	2,493,000			1,485,867
2.25%, 02/15/2052	2,113,000			1,381,044
2.88%, 05/15/2052	838,000			629,515
3.00%, 08/15/2052	296,000			228,336
3.63%, 02/15/2053	686,000			598,026
3.63%, 05/15/2053	605,000			527,957
4.13%, 08/15/2053	499,000			476,223
4.75%, 11/15/2053	2,350,000			2,487,374
4.25%, 02/15/2054	400,000			390,805
4.63%, 05/15/2054	879,000			914,023
4.25%, 08/15/2054	1,750,000			1,711,992
4.50%, 11/15/2054	275,000			280,779
TOTAL U.S. TREASURY SECURITIES (Cost $248,699,548)				248,396,524
EXCHANGE TRADED FUNDS - 26.7%	Shares			Value
iShares Core U.S. Aggregate Bond ETF	274,226			27,203,219
iShares MBS ETF	1,052,756			98,885,371
Vanguard Total International Bond ETF (a)	1,495,696			75,607,433
TOTAL EXCHANGE TRADED FUNDS (Cost $196,777,108)				201,696,023
CORPORATE BONDS - 19.0%	Par			Value
Advertising & Marketing - 0.0%(b)
Advantage Sales & Marketing, Inc., 6.50%, 11/15/2028 (c)	9,000			8,630
Neptune Bidco US, Inc., 9.29%, 04/15/2029 (c)	9,000			8,359
Stagwell Global LLC, 5.63%, 08/15/2029 (c)	14,000			13,509
				30,498
Aerospace & Defense - 0.0%(b)
AAR Escrow Issuer LLC, 6.75%, 03/15/2029 (c)	14,000			14,345
Spirit AeroSystems, Inc., 9.75%, 11/15/2030 (c)	8,000			8,897
TransDigm, Inc.
6.75%, 08/15/2028 (c)	147,000			150,118
4.63%, 01/15/2029	24,000			22,788
				196,148
Airlines - 0.2%
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/2029 (c)	37,000			36,972
AS Mileage Plan IP Ltd., 5.31%, 10/20/2031 (c)	235,000			230,388
JetBlue Airways Corp. / JetBlue Loyalty LP, 9.88%, 09/20/2031 (c)	8,000			8,423
United Airlines 2014-2 Class A Pass Through Trust, Series A, 3.75%, 09/03/2026	439,218			430,807
United Airlines 2020-1 Class A Pass Through Trust, Series 2020-1, 5.88%, 10/15/2027	134,205			137,573
United Airlines Class B Pass Through Trust, Series 2020-1, 4.88%, 01/15/2026	260,000			259,521
United Airlines, Inc., 4.63%, 04/15/2029 (c)	15,000			14,425
VistaJet Malta Finance PLC / Vista Management Holding, Inc., 6.38%, 02/01/2030 (c)	8,000			7,064
				1,125,173
Apparel & Textile Products - 0.0%(b)
Champ Acquisition Corp., 8.38%, 12/01/2031 (c)	12,000			12,443
Automobiles & Components - 0.1%
Dana, Inc., 4.25%, 09/01/2030	11,000			9,839
General Motors Co., 6.80%, 10/01/2027	370,000			388,448
Goodyear Tire & Rubber Co., 5.25%, 04/30/2031	100,000			91,779
				490,066
Automobiles Manufacturing - 1.0%
American Honda Finance Corp., 4.60%, 04/17/2030	55,000			54,744
BMW US Capital LLC
4.90%, 04/02/2029 (c)	379,000			380,392
4.15%, 04/09/2030 (c)	164,000			158,985
2.55%, 04/01/2031 (c)	284,000			248,874
5.15%, 08/11/2033 (c)	82,000			83,089
Ford Motor Credit Co. LLC, 7.12%, 11/07/2033	460,000			494,897
General Motors Financial Co., Inc.
4.00%, 01/15/2025	393,000			392,460
5.80%, 06/23/2028	626,000			643,994
5.85%, 04/06/2030	45,000			46,642
5.75%, 02/08/2031	121,000			124,435
Hyundai Capital America
1.80%, 10/15/2025 (c)	401,000			390,325
1.50%, 06/15/2026 (c)	233,000			221,527
5.45%, 06/24/2026 (c)	11,000			11,098
3.50%, 11/02/2026 (c)	94,000			91,661
5.30%, 03/19/2027 (c)	10,000			10,123
5.30%, 06/24/2029 (c)	9,000			9,131
Mercedes-Benz Finance North America LLC
3.50%, 08/03/2025 (c)	726,000			719,984
4.80%, 03/30/2026 (c)	436,000			436,762
3.75%, 02/22/2028 (c)	1,071,000			1,041,388
5.10%, 08/03/2028 (c)	312,000			315,602
2.63%, 03/10/2030 (c)	857,000			768,224
Volkswagen Group of America Finance LLC
1.63%, 11/24/2027 (c)	332,000			300,169
6.20%, 11/16/2028 (c)	344,000			355,498
6.45%, 11/16/2030 (c)	200,000			210,023
				7,510,027
Banks - 2.9%
Bank of America Corp.
1.73% to 07/22/2026 then SOFR + 0.96%, 07/22/2027	687,000			654,027
3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028	1,452,000			1,424,653
5.20% to 04/25/2028 then SOFR + 1.63%, 04/25/2029	264,000			267,252
5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034	19,000			19,301
5.43% to 08/15/2034 then SOFR + 1.91%, 08/15/2035	700,000			699,837
BNP Paribas SA, 5.18% to 01/09/2029 then SOFR + 1.52%, 01/09/2030 (c)	369,000			372,277
BPCE SA
3.12% to 10/19/2031 then SOFR + 1.73%, 10/19/2032 (c)	260,000			219,733
5.94% to 05/30/2034 then SOFR + 1.85%, 05/30/2035 (c)	1,280,000			1,303,725
CaixaBank SA, 6.84% to 09/13/2033 then SOFR + 2.77%, 09/13/2034 (c)	132,000			142,945
Citibank NA, 5.80%, 09/29/2028	500,000			520,858
Citigroup, Inc.
3.88% to 02/18/2026 then 5 yr. CMT Rate + 3.42%, Perpetual	220,000			213,208
1.12% to 01/28/2026 then SOFR + 0.77%, 01/28/2027	754,000			722,476
3.89% to 01/10/2027 then 3 mo. Term SOFR + 1.82%, 01/10/2028	210,000			206,169
3.07% to 02/24/2027 then SOFR + 1.28%, 02/24/2028	809,000			779,738
3.98% to 03/20/2029 then 3 mo. Term SOFR + 1.60%, 03/20/2030	555,000			535,044
4.41% to 03/31/2030 then SOFR + 3.91%, 03/31/2031	122,000			118,904
6.17% to 05/25/2033 then SOFR + 2.66%, 05/25/2034	1,456,000			1,524,826
5.32% to 03/26/2040 then SOFR + 4.55%, 03/26/2041	732,000			731,311
Comerica, Inc., 5.98% to 01/30/2029 then SOFR + 2.16%, 01/30/2030	27,000			27,578
Deutsche Bank AG/New York NY, 5.40% to 09/11/2034 then SOFR + 2.05%, 09/11/2035	275,000			268,202
First-Citizens Bank & Trust Co., 6.13%, 03/09/2028	358,000			371,139
Huntington Bancshares, Inc./OH, 6.14% to 11/18/2034 then 5 yr. CMT Rate + 1.70%, 11/18/2039	340,000			348,672
JPMorgan Chase & Co.
1.05% to 11/19/2025 then SOFR + 0.80%, 11/19/2026	401,000			387,151
3.54% to 05/01/2027 then 3 mo. Term SOFR + 1.64%, 05/01/2028	447,000			434,989
4.26% to 02/22/2047 then 3 mo. Term SOFR + 1.84%, 02/22/2048	210,000			182,991
Lloyds Banking Group PLC, 5.59% to 11/26/2034 then 1 yr. CMT Rate + 1.20%, 11/26/2035	545,000			552,935
Mizuho Financial Group, Inc.
3.26% to 05/22/2029 then 1 yr. CMT Rate + 1.25%, 05/22/2030	624,000			585,869
1.98% to 09/08/2030 then 3 mo. Term SOFR + 1.53%, 09/08/2031	307,000			261,758
Morgan Stanley Bank NA, 5.48%, 07/16/2025	376,000			377,888
National Australia Bank Ltd.
2.33%, 08/21/2030 (c)	250,000			215,145
2.99%, 05/21/2031 (c)	250,000			220,303
PNC Financial Services Group, Inc.
3.40% to 09/15/2026 then 5 yr. CMT Rate + 2.60%, Perpetual	332,000			311,782
5.68% to 01/22/2034 then SOFR + 1.90%, 01/22/2035	5,000			5,183
Regions Financial Corp., 5.72% to 06/06/2029 then SOFR + 1.49%, 06/06/2030	413,000			423,031
Santander Holdings USA, Inc.
6.12% to 05/31/2026 then SOFR + 1.23%, 05/31/2027	115,000			116,766
6.34% to 05/31/2034 then SOFR + 2.14%, 05/31/2035	390,000			402,670
Synovus Financial Corp., 5.20%, 08/11/2025	11,000			10,995
Toronto-Dominion Bank, 5.15% to 09/10/2029 then 5 yr. CMT Rate + 1.50%, 09/10/2034	330,000			326,978
Truist Financial Corp.
7.16% to 10/30/2028 then SOFR + 2.45%, 10/30/2029	497,000			534,957
5.71% to 01/24/2034 then SOFR + 1.92%, 01/24/2035	335,000			345,736
US Bancorp
3.70% to 01/15/2027 then 5 yr. CMT Rate + 2.54%, Perpetual	290,000			275,883
6.79% to 10/26/2026 then SOFR + 1.88%, 10/26/2027	226,000			234,239
5.84% to 06/10/2033 then SOFR + 2.26%, 06/12/2034	335,000			349,852
Wells Fargo & Co.
2.19% to 04/30/2025 then SOFR + 2.00%, 04/30/2026	170,000			168,157
2.39% to 06/02/2027 then SOFR + 2.10%, 06/02/2028	506,000			477,417
4.81% to 07/25/2027 then SOFR + 1.98%, 07/25/2028	527,000			526,883
5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029	634,000			650,091
6.85% to 09/15/2029 then 5 yr. CMT Rate + 2.77%, Perpetual	215,000			223,305
5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034	28,000			28,372
5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034	107,000			109,779
5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035	960,000			984,208
5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035	425,000			427,029
5.38%, 11/02/2043	175,000			170,902
				21,795,119
Biotechnology - 0.0%(b)
CSL Finance PLC, 4.95%, 04/27/2062 (c)	6,000			5,536
Cable & Satellite - 0.2%
CCO Holdings LLC / CCO Holdings Capital Corp.
4.75%, 03/01/2030 (c)	81,000			75,316
4.50%, 05/01/2032	140,000			123,805
Cox Communications, Inc., 3.50%, 08/15/2027 (c)	1,029,000			997,516
Sirius XM Radio, Inc.
5.50%, 07/01/2029 (c)	21,000			20,542
4.13%, 07/01/2030 (c)	70,000			63,205
Sky Group Finance Ltd., 6.50%, 10/15/2035 (c)	227,000			248,635
				1,529,019
Capital Goods - 0.8%
AGCO Corp., 5.45%, 03/21/2027	10,000			10,128
Air Lease Corp.
4.65% to 06/15/2026 then 5 yr. CMT Rate + 4.08%, Perpetual	217,000			212,397
1.88%, 08/15/2026	394,000			375,288
5.20%, 07/15/2031	450,000			453,819
BlueLinx Holdings, Inc., 6.00%, 11/15/2029 (c)	14,000			13,748
Boeing Co.
2.20%, 02/04/2026	604,000			583,861
5.04%, 05/01/2027	1,085,000			1,085,771
Bombardier, Inc.
7.25%, 07/01/2031 (c)	12,000			12,410
7.00%, 06/01/2032 (c)	100,000			102,168
Carrier Global Corp., 5.90%, 03/15/2034	341,000			361,018
Chart Industries, Inc., 7.50%, 01/01/2030 (c)	9,000			9,413
Cornerstone Building Brands, Inc., 9.50%, 08/15/2029 (c)	8,000			7,995
Esab Corp., 6.25%, 04/15/2029 (c)	6,000			6,111
Fortress Transportation and Infrastructure Investors LLC
7.88%, 12/01/2030 (c)	18,000			19,130
7.00%, 05/01/2031 (c)	130,000			134,875
Howmet Aerospace, Inc.
6.75%, 01/15/2028	364,000			384,843
5.95%, 02/01/2037	250,000			265,381
Nordson Corp., 5.80%, 09/15/2033	97,000			102,360
Northrop Grumman Corp.
4.95%, 03/15/2053	703,000			663,016
5.20%, 06/01/2054	347,000			339,821
Otis Worldwide Corp., 5.13%, 11/19/2031	125,000			126,797
Pike Corp., 8.63%, 01/31/2031 (c)	6,000			6,427
Rockwell Automation, Inc., 6.70%, 01/15/2028	339,000			358,842
				5,635,619
Casinos & Gaming - 0.0%(b)
Mohegan Tribal Gaming Authority, 8.00%, 02/01/2026 (c)	5,000			4,973
Ontario Gaming GTA LP/OTG Co.-Issuer, Inc., 8.00%, 08/01/2030 (c)	12,000			12,384
				17,357
Chemicals - 0.1%
Air Liquide Finance SA, 3.50%, 09/27/2046 (c)	238,000			186,478
Celanese US Holdings LLC, 6.95%, 11/15/2033	205,000			219,373
CVR Partners LP / CVR Nitrogen Finance Corp., 6.13%, 06/15/2028 (c)	8,000			7,795
NOVA Chemicals Corp., 8.50%, 11/15/2028 (c)	20,000			21,342
Tronox, Inc., 4.63%, 03/15/2029 (c)	6,000			5,531
Windsor Holdings III LLC, 8.50%, 06/15/2030 (c)	12,000			12,764
				453,283
Commercial & Professional Services - 0.1%
Amentum Holdings, Inc., 7.25%, 08/01/2032 (c)	13,000			13,362
Brink's Co., 6.50%, 06/15/2029 (c)	8,000			8,184
CoreLogic, Inc., 4.50%, 05/01/2028 (c)	8,000			7,488
Equifax, Inc.
5.10%, 12/15/2027	275,000			278,322
3.10%, 05/15/2030	60,000			55,073
Republic Services, Inc.
5.00%, 04/01/2034	212,000			212,915
5.70%, 05/15/2041	129,000			134,245
Thomson Reuters Corp., 5.65%, 11/23/2043	96,000			97,150
Waste Management, Inc., 3.90%, 03/01/2035	65,000			59,767
				866,506
Commercial Finance - 0.1%
Azorra Finance Ltd., 7.75%, 04/15/2030 (c)	8,000			8,045
GGAM Finance Ltd., 8.00%, 06/15/2028 (c)	17,000			17,973
Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027 (c)	8,000			8,222
Macquarie Airfinance Holdings Ltd., 6.40%, 03/26/2029 (c)	12,000			12,418
Penske Truck Leasing Co. Lp / PTL Finance Corp.
4.00%, 07/15/2025 (c)	336,000			333,974
1.20%, 11/15/2025 (c)	200,000			193,177
				573,809
Construction Materials Manufacturing - 0.1%
Eco Material Technologies, Inc., 7.88%, 01/31/2027 (c)	6,000			6,092
Holcim Finance US LLC, 3.50%, 09/22/2026 (c)	345,000			337,159
Holcim US Finance Luxembourg SA, 6.88%, 09/29/2039 (c)	70,000			75,583
Standard Industries, Inc./NY, 4.75%, 01/15/2028 (c)	80,000			77,812
				496,646
Consumer Discretionary Distribution & Retail - 0.0%(b)
Arko Corp., 5.13%, 11/15/2029 (c)	9,000			8,310
Bath & Body Works, Inc., 6.63%, 10/01/2030 (c)	25,000			25,625
Genuine Parts Co., 6.88%, 11/01/2033	117,000			131,087
Home Depot, Inc., 4.88%, 06/25/2027	12,000			12,151
Lowe's Cos., Inc., 5.75%, 07/01/2053	119,000			123,483
Nordstrom, Inc., 4.38%, 04/01/2030	5,000			4,573
Upbound Group, Inc., 6.38%, 02/15/2029 (c)	5,000			4,906
				310,135
Consumer Durables & Apparel - 0.1%
Beazer Homes USA, Inc., 7.50%, 03/15/2031 (c)	7,000			7,150
Crocs, Inc., 4.25%, 03/15/2029 (c)	5,000			4,647
Dream Finders Homes, Inc., 8.25%, 08/15/2028 (c)	11,000			11,539
LGI Homes, Inc., 4.00%, 07/15/2029 (c)	8,000			7,246
Mattel, Inc., 3.75%, 04/01/2029 (c)	315,000			298,202
MDC Holdings, Inc., 3.97%, 08/06/2061	32,000			25,865
Whirlpool Corp., 5.50%, 03/01/2033	132,000			131,639
				486,288
Consumer Finance - 0.0%(b)
Freedom Mortgage Corp., 12.25%, 10/01/2030 (c)	24,000			26,669
Nationstar Mortgage Holdings, Inc., 7.13%, 02/01/2032 (c)	30,000			30,978
PHH Escrow Issuer LLC, 9.88%, 11/01/2029 (c)	6,000			5,812
Provident Funding Associates LP / PFG Finance Corp., 9.75%, 09/15/2029 (c)	6,000			6,249
Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc., 3.88%, 03/01/2031 (c)	23,000			20,605
United Wholesale Mortgage LLC, 5.50%, 04/15/2029 (c)	20,000			19,367
				109,680
Consumer Products - 0.0%(b)
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC
4.75%, 01/15/2029 (c)	6,000			5,811
6.63%, 07/15/2030 (c)	50,000			51,234
				57,045
Consumer Services - 0.1%
Aramark Services, Inc., 5.00%, 02/01/2028 (c)	56,000			54,882
Brinker International, Inc., 8.25%, 07/15/2030 (c)	12,000			12,768
Caesars Entertainment, Inc., 4.63%, 10/15/2029 (c)	7,000			6,597
Carnival Corp.
4.00%, 08/01/2028 (c)	17,000			16,195
6.00%, 05/01/2029 (c)	9,000			9,039
Churchill Downs, Inc.
5.75%, 04/01/2030 (c)	17,000			16,891
6.75%, 05/01/2031 (c)	60,000			61,495
Full House Resorts, Inc., 8.25%, 02/15/2028 (c)	8,000			7,979
Life Time, Inc., 6.00%, 11/15/2031 (c)	9,000			9,011
Marriott International, Inc./MD, 5.00%, 10/15/2027	103,000			104,186
Prime Security Services Borrower LLC / Prime Finance, Inc., 6.25%, 01/15/2028 (c)	90,000			90,002
Royal Caribbean Cruises Ltd., 5.50%, 04/01/2028 (c)	60,000			60,055
Starbucks Corp., 3.00%, 02/14/2032	349,000			311,035
Williams Scotsman, Inc., 6.63%, 06/15/2029 (c)	50,000			50,989
				811,124
Consumer Staples Distribution & Retail - 0.1%
Alimentation Couche-Tard, Inc., 4.50%, 07/26/2047 (c)	573,000			487,548
Sysco Corp., 4.45%, 03/15/2048	164,000			140,327
Walgreens Boots Alliance, Inc., 8.13%, 08/15/2029 (a)	8,000			8,061
Walmart, Inc.
4.00%, 04/15/2026	160,000			159,433
3.90%, 04/15/2028	150,000			148,535
4.00%, 04/15/2030	69,000			68,383
				1,012,287
Containers & Packaging - 0.1%
Berry Global, Inc.
4.88%, 07/15/2026 (c)	256,000			255,219
5.65%, 01/15/2034 (c)	3,000			3,073
Clydesdale Acquisition Holdings, Inc., 6.88%, 01/15/2030 (c)	12,000			12,137
LABL, Inc., 8.63%, 10/01/2031 (c)	6,000			5,662
Mauser Packaging Solutions Holding Co., 7.88%, 04/15/2027 (c)	80,000			81,996
Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031 (c)	8,000			7,980
				366,067
Department Stores - 0.0%(b)
Macy's Retail Holdings LLC, 5.88%, 03/15/2030 (c)	68,000			65,480
Design, Manufacturing & Distribution - 0.0%(b)
Imola Merger Corp., 4.75%, 05/15/2029 (c)	70,000			67,243
Educational Services - 0.0%(b)
American University, 3.67%, 04/01/2049	327,000			261,020
George Washington University, 4.30%, 09/15/2044	5,000			4,436
University of Chicago, 2.76%, 04/01/2045	87,000			68,550
				334,006
Electrical Equipment Manufacturing - 0.0%(b)
EMRLD Borrower LP / Emerald Co.-Issuer, Inc., 6.63%, 12/15/2030 (c)	23,000			23,283
Vertiv Group Corp., 4.13%, 11/15/2028 (c)	11,000			10,484
				33,767
Energy - 1.1%
Antero Resources Corp., 5.38%, 03/01/2030 (c)	18,000			17,697
Cheniere Energy Partners LP, 4.00%, 03/01/2031	354,000			332,727
Civitas Resources, Inc., 8.63%, 11/01/2030 (c)	12,000			12,725
CNX Midstream Partners LP, 4.75%, 04/15/2030 (c)	8,000			7,460
Comstock Resources, Inc., 6.75%, 03/01/2029 (c)	86,000			84,852
CVR Energy, Inc., 8.50%, 01/15/2029 (c)	12,000			11,802
Diamondback Energy, Inc.
5.20%, 04/18/2027	140,000			141,835
5.15%, 01/30/2030	210,000			212,588
4.25%, 03/15/2052	230,000			184,322
5.75%, 04/18/2054	195,000			194,505
5.90%, 04/18/2064	220,000			219,513
DT Midstream, Inc., 4.13%, 06/15/2029 (c)	68,000			64,635
Energy Transfer LP
2.90%, 05/15/2025	310,000			307,070
5.63%, 05/01/2027 (c)	71,000			71,229
6.00%, 02/01/2029 (c)	703,000			714,506
5.25%, 04/15/2029	822,000			834,472
5.95%, 05/15/2054	450,000			454,634
EOG Resources, Inc., 5.65%, 12/01/2054	170,000			175,082
EQM Midstream Partners LP
4.13%, 12/01/2026	90,000			89,836
4.50%, 01/15/2029 (c)	26,000			25,244
EQT Corp., 5.75%, 02/01/2034	3,000			3,072
Expand Energy Corp., 4.75%, 02/01/2032	230,000			219,044
KazMunayGas National Co. JSC, 6.38%, 10/24/2048 (c)	435,000			418,857
Marathon Petroleum Corp., 4.70%, 05/01/2025	950,000			948,989
Northern Oil & Gas, Inc., 8.75%, 06/15/2031 (c)	20,000			21,064
Occidental Petroleum Corp.
5.20%, 08/01/2029	210,000			210,860
3.50%, 08/15/2029	72,000			66,615
6.13%, 01/01/2031	210,000			217,935
7.88%, 09/15/2031	109,000			123,096
6.45%, 09/15/2036	130,000			136,707
4.10%, 02/15/2047	82,000			58,842
Phillips 66, 1.30%, 02/15/2026	255,000			244,905
Saudi Arabian Oil Co., 5.75%, 07/17/2054 (c)	420,000			410,872
SM Energy Co., 6.50%, 07/15/2028	22,000			22,061
Targa Resources Corp., 5.50%, 02/15/2035	269,000			273,078
TransCanada PipeLines Ltd., 6.20%, 10/15/2037	80,000			85,432
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/2028	341,000			334,087
Valero Energy Corp., 6.63%, 06/15/2037	300,000			329,817
Vital Energy, Inc., 9.75%, 10/15/2030	15,000			16,110
Williams Cos., Inc., 5.30%, 08/15/2028	89,000			90,745
				8,388,922
Entertainment Content - 0.3%
Discovery Communications LLC
4.88%, 04/01/2043	5,000			3,948
5.20%, 09/20/2047	139,000			115,089
4.00%, 09/15/2055	244,000			167,064
Univision Communications, Inc., 8.50%, 07/31/2031 (c)	21,000			20,849
Warnermedia Holdings, Inc., 5.05%, 03/15/2042	2,140,000			1,809,389
				2,116,339
Entertainment Resources - 0.0%(b)
Cinemark USA, Inc., 5.25%, 07/15/2028 (c)	20,000			19,571
Speedway Motorsports LLC / Speedway Funding II, Inc., 4.88%, 11/01/2027 (c)	14,000			13,843
				33,414
Equity Real Estate Investment Trusts (REITs) - 0.3%
Crown Castle, Inc., 1.05%, 07/15/2026	150,000			141,417
EPR Properties
4.50%, 04/01/2025	25,000			24,914
3.75%, 08/15/2029	373,000			346,997
Iron Mountain, Inc.
4.88%, 09/15/2029 (c)	42,000			40,480
5.25%, 07/15/2030 (c)	80,000			77,689
Kimco Realty OP LLC, 4.85%, 03/01/2035	390,000			381,222
Realty Income Corp.
4.70%, 12/15/2028	103,000			103,352
4.00%, 07/15/2029	242,000			235,439
3.10%, 12/15/2029	161,000			149,669
4.85%, 03/15/2030	500,000			502,795
2.70%, 02/15/2032	256,000			221,416
				2,225,390
Exploration & Production - 0.0%(b)
Aethon United BR LP / Aethon United Finance Corp., 7.50%, 10/01/2029 (c)	11,000			11,416
Ascent Resources Utica Holdings LLC / ARU Finance Corp.
5.88%, 06/30/2029 (c)	8,000			7,877
6.63%, 10/15/2032 (c)	70,000			70,122
Hilcorp Energy I LP / Hilcorp Finance Co., 6.00%, 02/01/2031 (c)	8,000			7,618
Moss Creek Resources Holdings, Inc., 8.25%, 09/01/2031 (c)	11,000			10,822
Permian Resources Operating LLC, 5.88%, 07/01/2029 (c)	12,000			11,948
				119,803
Financial Services - 1.4%
Ally Financial, Inc., 6.18% to 07/26/2034 then SOFR + 2.29%, 07/26/2035	575,000			582,977
Bank of New York Mellon Corp.
3.75% to 12/20/2026 then 5 yr. CMT Rate + 2.63%, Perpetual	320,000			307,001
6.47% to 10/25/2033 then SOFR + 1.85%, 10/25/2034	177,000			195,343
Blackstone Holdings Finance Co. LLC, 3.15%, 10/02/2027 (c)	35,000			33,550
Blackstone Mortgage Trust, Inc., 7.75%, 12/01/2029 (c)	5,000			5,086
Blackstone Private Credit Fund, 4.70%, 03/24/2025	197,000			196,529
Block, Inc., 6.50%, 05/15/2032 (c)	80,000			82,178
Cantor Fitzgerald LP, 7.20%, 12/12/2028 (c)	26,000			27,350
Capital One Financial Corp.
4.99% to 07/24/2025 then SOFR + 2.16%, 07/24/2026	295,000			294,963
6.31% to 06/08/2028 then SOFR + 2.64%, 06/08/2029	656,000			681,633
5.82% to 02/01/2033 then SOFR + 2.60%, 02/01/2034	547,000			562,739
Carlyle Finance LLC, 5.65%, 09/15/2048 (c)	51,000			50,985
Charles Schwab Corp., 4.00% to 06/01/2026 then 5 yr. CMT Rate + 3.17%, Perpetual	353,000			341,468
Coinbase Global, Inc., 3.38%, 10/01/2028 (c)	14,000			12,719
Enova International, Inc., 9.13%, 08/01/2029 (c)	8,000			8,404
FirstCash, Inc., 6.88%, 03/01/2032 (c)	33,000			33,688
goeasy Ltd., 7.63%, 07/01/2029 (c)	8,000			8,308
Goldman Sachs Group, Inc.
1.95% to 10/21/2026 then SOFR + 0.91%, 10/21/2027	833,000			789,118
3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029	762,000			738,170
2.60%, 02/07/2030	369,000			331,478
6.13%, 02/15/2033	211,000			230,715
3.10% to 02/24/2032 then SOFR + 1.41%, 02/24/2033	995,000			877,627
HAT Holdings I LLC / HAT Holdings II LLC, 8.00%, 06/15/2027 (c)	26,000			27,141
Jane Street Group / JSG Finance, Inc., 7.13%, 04/30/2031 (c)	49,000			51,031
Jefferson Capital Holdings LLC, 9.50%, 02/15/2029 (c)	13,000			13,891
LPL Holdings, Inc.
5.70%, 05/20/2027	256,000			260,339
4.00%, 03/15/2029 (c)	5,000			4,753
Macquarie Group Ltd., 5.49% to 11/09/2032 then SOFR + 2.87%, 11/09/2033 (c)	347,000			353,556
Mastercard, Inc., 4.88%, 05/09/2034	208,000			209,661
Morgan Stanley
3.63%, 01/20/2027	365,000			358,871
2.48% to 01/21/2027 then SOFR + 1.00%, 01/21/2028	160,000			152,615
3.59%, 07/22/2028 (d)	208,000			201,411
5.16% to 04/20/2028 then SOFR + 1.59%, 04/20/2029	133,000			134,459
5.42% to 07/21/2033 then SOFR + 1.88%, 07/21/2034	190,000			193,551
5.83% to 04/19/2034 then SOFR + 1.58%, 04/19/2035	250,000			262,276
5.52% to 11/19/2054 then SOFR + 1.71%, 11/19/2055	205,000			211,902
Nuveen LLC, 5.55%, 01/15/2030 (c)	418,000			431,234
OneMain Finance Corp.
3.50%, 01/15/2027	50,000			48,076
7.50%, 05/15/2031	18,000			18,755
PennyMac Financial Services, Inc.
4.25%, 02/15/2029 (c)	22,000			20,719
7.13%, 11/15/2030 (c)	8,000			8,214
PRA Group, Inc., 5.00%, 10/01/2029 (c)	14,000			12,941
PROG Holdings, Inc., 6.00%, 11/15/2029 (c)	15,000			14,667
Radian Group, Inc., 6.20%, 05/15/2029	381,000			393,598
Rithm Capital Corp., 8.00%, 04/01/2029 (c)	11,000			11,035
S&P Global, Inc.
3.70%, 03/01/2052	185,000			145,978
3.90%, 03/01/2062	119,000			93,848
Starwood Property Trust, Inc., 7.25%, 04/01/2029 (c)	7,000			7,217
State Street Corp., 6.12% to 11/21/2033 then SOFR + 1.96%, 11/21/2034	354,000			377,754
StoneX Group, Inc., 7.88%, 03/01/2031 (c)	26,000			27,520
VFH Parent LLC / Valor Co.-Issuer, Inc., 7.50%, 06/15/2031 (c)	27,000			27,869
				10,466,911
Food & Beverage - 0.5%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.70%, 02/01/2036	545,000			533,977
Anheuser-Busch InBev Finance, Inc.
4.70%, 02/01/2036	477,000			467,353
4.90%, 02/01/2046	182,000			173,025
Anheuser-Busch InBev Worldwide, Inc., 8.20%, 01/15/2039	355,000			461,242
Cargill, Inc.
5.13%, 10/11/2032 (c)	222,000			225,965
4.75%, 04/24/2033 (c)	84,000			83,663
Fiesta Purchaser, Inc., 7.88%, 03/01/2031 (c)	9,000			9,448
JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl
6.75%, 03/15/2034	279,000			304,135
6.50%, 12/01/2052	90,000			95,436
Mars, Inc.
2.70%, 04/01/2025 (c)	348,000			345,577
4.55%, 04/20/2028 (c)	496,000			496,004
4.20%, 04/01/2059 (c)	350,000			283,182
				3,479,007
Food, Beverage & Tobacco - 0.3%
B&G Foods, Inc., 8.00%, 09/15/2028 (c)	17,000			17,514
Hormel Foods Corp., 3.05%, 06/03/2051	93,000			64,283
J M Smucker Co.
6.20%, 11/15/2033	355,000			381,446
3.55%, 03/15/2050	40,000			29,384
Kellanova, 5.75%, 05/16/2054	37,000			39,062
Philip Morris International, Inc.
5.13%, 02/15/2030	580,000			590,713
5.63%, 09/07/2033	356,000			370,946
The Campbell's Co.
5.30%, 03/20/2026	10,000			10,069
4.75%, 03/23/2035	200,000			193,400
Tyson Foods, Inc., 4.35%, 03/01/2029	349,000			342,511
				2,039,328
Forest & Paper Products Manufacturing - 0.0%(b)
Georgia-Pacific LLC, 7.25%, 06/01/2028	13,000			14,133
Hardware - 0.2%
CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026	145,000			138,603
Dell International LLC / EMC Corp.
5.40%, 04/15/2034	427,000			436,040
4.85%, 02/01/2035	600,000			583,655
				1,158,298
Health Care Equipment & Services - 0.6%
Acadia Healthcare Co., Inc., 5.00%, 04/15/2029 (c)	40,000			37,639
Centene Corp., 4.63%, 12/15/2029	508,000			487,377
Cigna Group, 5.60%, 02/15/2054	360,000			361,316
CVS Health Corp.
3.00%, 08/15/2026	320,000			310,397
5.13%, 02/21/2030	225,000			225,172
5.63%, 02/21/2053	161,000			153,960
DaVita, Inc., 4.63%, 06/01/2030 (c)	5,000			4,687
Elevance Health, Inc., 5.85%, 11/01/2064	205,000			211,260
GE HealthCare Technologies, Inc., 4.80%, 08/14/2029	70,000			70,150
Humana, Inc.
8.15%, 06/15/2038	135,000			161,214
5.50%, 03/15/2053	102,000			97,714
5.75%, 04/15/2054	345,000			343,214
Owens & Minor, Inc., 6.63%, 04/01/2030 (c)	4,000			3,878
Pediatrix Medical Group, Inc., 5.38%, 02/15/2030 (c)	9,000			8,710
Solventum Corp.
5.60%, 03/23/2034 (c)	345,000			350,403
6.00%, 05/15/2064 (c)	290,000			295,707
Tenet Healthcare Corp.
4.63%, 06/15/2028	100,000			97,118
6.13%, 10/01/2028	14,000			14,046
UnitedHealth Group, Inc.
4.60%, 04/15/2027	10,000			10,047
4.25%, 01/15/2029	631,000			625,569
5.63%, 07/15/2054	440,000			456,812
Universal Health Services, Inc., 2.65%, 01/15/2032	36,000			30,137
Zimmer Biomet Holdings, Inc., 3.55%, 03/20/2030	248,000			231,889
				4,588,416
Health Care Facilities & Services - 0.6%
Adventist Health System/West
2.95%, 03/01/2029	6,000			5,519
3.63%, 03/01/2049	33,000			24,139
Allina Health System, 4.81%, 11/15/2045	582,000			538,791
Baptist Health South Florida, Inc., 4.34%, 11/15/2041	370,000			324,264
CHS/Community Health Systems, Inc., 5.63%, 03/15/2027 (c)	21,000			20,342
CommonSpirit Health
6.07%, 11/01/2027	63,000			65,396
5.21%, 12/01/2031	15,000			15,278
4.35%, 11/01/2042	45,000			39,332
5.55%, 12/01/2054	777,000			789,453
Dignity Health, 4.50%, 11/01/2042	414,000			365,597
Hartford HealthCare Corp., 3.45%, 07/01/2054	465,000			347,892
HCA, Inc.
5.38%, 09/01/2026	55,000			55,294
4.50%, 02/15/2027	255,000			253,104
5.88%, 02/01/2029	215,000			221,247
5.45%, 04/01/2031	145,000			147,093
3.50%, 07/15/2051	200,000			137,783
IQVIA, Inc., 6.25%, 02/01/2029	196,000			204,621
LifePoint Health, Inc., 9.88%, 08/15/2030 (c)	8,000			8,698
Montefiore Obligated Group, 4.29%, 09/01/2050	10,000			7,706
Mount Sinai Hospital, 3.98%, 07/01/2048	33,000			24,524
MultiCare Health System, 2.80%, 08/15/2050	82,000			51,080
Novant Health, Inc., 3.17%, 11/01/2051	52,000			36,566
NYU Langone Hospitals, 4.37%, 07/01/2047	17,000			15,292
Piedmont Healthcare, Inc., 2.04%, 01/01/2032	7,000			5,854
Prime Healthcare Services, Inc., 9.38%, 09/01/2029 (c)	6,000			6,100
SSM Health Care Corp., 4.89%, 06/01/2028	365,000			367,150
Star Parent, Inc., 9.00%, 10/01/2030 (c)	11,000			11,371
Sutter Health
2.29%, 08/15/2030	28,000			24,619
5.16%, 08/15/2033	49,000			49,955
4.09%, 08/15/2048	182,000			155,496
5.55%, 08/15/2053	67,000			70,978
Toledo Hospital, 5.75%, 11/15/2038	135,000			136,104
US Acute Care Solutions LLC, 9.75%, 05/15/2029 (c)	9,000			9,353
Willis-Knighton Medical Center, 4.81%, 09/01/2048	21,000			18,829
				4,554,820
Home Improvement - 0.0%(b)
MIWD Holdco II LLC / MIWD Finance Corp., 5.50%, 02/01/2030 (c)	9,000			8,661
Homebuilders - 0.0%(b)
Adams Homes, Inc., 9.25%, 10/15/2028 (c)	8,000			8,425
Ashton Woods USA LLC / Ashton Woods Finance Co., 4.63%, 04/01/2030 (c)	8,000			7,424
Shea Homes LP / Shea Homes Funding Corp., 4.75%, 02/15/2028	60,000			58,468
Weekley Homes LLC / Weekley Finance Corp., 4.88%, 09/15/2028 (c)	8,000			7,646
				81,963
Household & Personal Products - 0.1%
Clorox Co., 4.60%, 05/01/2032	314,000			312,136
Edgewell Personal Care Co., 4.13%, 04/01/2029 (c)	20,000			18,752
Estee Lauder Cos., Inc., 6.00%, 05/15/2037	136,000			143,785
Kenvue, Inc.
5.05%, 03/22/2053	177,000			173,225
5.20%, 03/22/2063	41,000			40,290
				688,188
Industrial Other - 0.0%(b)
Ashtead Capital, Inc., 5.55%, 05/30/2033 (c)	232,000			233,751
Ritchie Bros Holdings, Inc., 7.75%, 03/15/2031 (c)	40,000			42,356
				276,107
Insurance - 0.4%
Arthur J Gallagher & Co.
5.75%, 03/02/2053	4,000			4,104
6.75%, 02/15/2054	84,000			97,733
CNA Financial Corp., 4.50%, 03/01/2026	625,000			623,540
CNO Financial Group, Inc.
5.25%, 05/30/2029	571,000			573,007
6.45%, 06/15/2034	204,000			214,987
Marsh & McLennan Cos., Inc., 5.45%, 03/15/2053	47,000			47,779
MetLife, Inc., 10.75%, 08/01/2039	103,000			141,222
Primerica, Inc., 2.80%, 11/19/2031	503,000			437,029
Principal Financial Group, Inc., 5.50%, 03/15/2053	77,000			77,699
Prudential Financial, Inc., 5.70% to 09/15/2028 then 3 mo. LIBOR US + 2.67%, 09/15/2048 (e)	258,000			258,311
W R Berkley Corp., 4.75%, 08/01/2044	177,000			164,280
				2,639,691
Integrated Oils - 0.1%
BP Capital Markets America, Inc.
1.75%, 08/10/2030	484,000			414,381
4.99%, 04/10/2034	181,000			181,170
				595,551
Internet Media - 0.0%(b)
Match Group Holdings II LLC, 5.63%, 02/15/2029 (c)	73,000			72,368
Leisure Products Manufacturing - 0.0%(b)
Acushnet Co., 7.38%, 10/15/2028 (c)	6,000			6,277
Amer Sports Co., 6.75%, 02/16/2031 (c)	6,000			6,138
				12,415
Life Insurance - 0.1%
Corebridge Global Funding, 5.20%, 01/12/2029 (c)	147,000			149,120
Global Atlantic Fin Co., 6.75%, 03/15/2054 (c)	13,000			13,738
Guardian Life Global Funding, 3.25%, 03/29/2027 (c)	66,000			64,029
Metropolitan Life Global Funding I, 5.15%, 03/28/2033 (c)	233,000			236,835
Mutual of Omaha Insurance Co., 6.14% to 01/16/2054 then 10 yr. CMT Rate + 2.95%, 01/16/2064 (c)	400,000			417,290
RGA Global Funding, 5.45%, 05/24/2029 (c)	8,000			8,209
				889,221
Machinery Manufacturing - 0.1%
CNH Industrial Capital LLC
1.45%, 07/15/2026	370,000			351,335
4.55%, 04/10/2028	192,000			190,711
				542,046
Managed Care - 0.0%(b)
Health Care Service Corp. A Mutual Legal Reserve Co.
5.20%, 06/15/2029 (c)	11,000			11,217
5.88%, 06/15/2054 (c)	334,000			340,529
				351,746
Materials - 0.2%
ATI, Inc.
4.88%, 10/01/2029	60,000			57,774
7.25%, 08/15/2030	8,000			8,371
Carpenter Technology Corp., 7.63%, 03/15/2030	5,000			5,201
Cleveland-Cliffs, Inc.
6.75%, 04/15/2030 (c)	8,000			8,052
7.00%, 03/15/2032 (c)	50,000			50,317
Eldorado Gold Corp., 6.25%, 09/01/2029 (c)	8,000			7,928
ERO Copper Corp., 6.50%, 02/15/2030 (c)	11,000			10,842
International Paper Co., 6.00%, 11/15/2041	177,000			189,322
Magnera Corp., 7.25%, 11/15/2031 (c)	6,000			5,920
Mativ Holdings, Inc., 8.00%, 10/01/2029 (c)	3,000			3,029
Methanex Corp., 5.25%, 12/15/2029	10,000			9,781
Mosaic Co., 5.45%, 11/15/2033	508,000			515,731
Northern Star Resources Ltd., 6.13%, 04/11/2033 (c)	161,000			167,759
Packaging Corp. of America, 4.05%, 12/15/2049	92,000			74,490
Sherwin-Williams Co., 4.55%, 08/01/2045	6,000			5,346
TriMas Corp., 4.13%, 04/15/2029 (c)	6,000			5,607
Vulcan Materials Co.
4.95%, 12/01/2029	110,000			110,941
5.35%, 12/01/2034 (a)	495,000			506,113
5.70%, 12/01/2054	100,000			103,680
				1,846,204
Media & Entertainment - 0.2%
Alphabet, Inc., 2.25%, 08/15/2060	60,000			34,877
AMC Networks, Inc., 10.25%, 01/15/2029 (c)	7,000			7,449
Comcast Corp., 3.30%, 02/01/2027	100,000			97,599
Live Nation Entertainment, Inc., 4.75%, 10/15/2027 (c)	40,000			39,196
Meta Platforms, Inc.
5.40%, 08/15/2054	235,000			240,117
5.55%, 08/15/2064	400,000			413,320
Paramount Global, 6.88%, 04/30/2036	210,000			218,442
Playtika Holding Corp., 4.25%, 03/15/2029 (c)	6,000			5,513
Take-Two Interactive Software, Inc., 4.95%, 03/28/2028	214,000			216,020
TEGNA, Inc., 5.00%, 09/15/2029	14,000			13,241
Townsquare Media, Inc., 6.88%, 02/01/2026 (c)	14,000			13,993
Walt Disney Co., 3.80%, 05/13/2060	121,000			93,448
Ziff Davis, Inc., 4.63%, 10/15/2030 (c)	70,000			65,523
				1,458,738
Medical Equipment & Devices Manufacturing - 0.0%(b)
Medline Borrower LP
3.88%, 04/01/2029 (c)	110,000			103,198
5.25%, 10/01/2029 (c)	21,000			20,519
Sotera Health Holdings LLC, 7.38%, 06/01/2031 (c)	9,000			9,158
				132,875
Metals & Mining - 0.1%
Glencore Funding LLC
2.50%, 09/01/2030 (c)	105,000			92,275
6.38%, 10/06/2030 (c)	348,000			371,178
Newmont Corp. / Newcrest Finance Pty Ltd., 5.35%, 03/15/2034	133,000			135,470
Novelis Corp., 4.75%, 01/30/2030 (c)	18,000			16,952
				615,875
National - 0.0%(b)
Wildfire Intermediate Holdings LLC, 7.50%, 10/15/2029 (c)	6,000			5,879
Oil & Gas Services & Equipment - 0.0%(b)
Archrock Partners LP / Archrock Partners Finance Corp., 6.25%, 04/01/2028 (c)	8,000			8,036
Kodiak Gas Services LLC, 7.25%, 02/15/2029 (c)	20,000			20,690
USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/2029 (c)	18,000			18,453
				47,179
Pharmaceuticals - 0.1%
Bayer US Finance II LLC
4.20%, 07/15/2034 (c)	113,000			100,214
5.50%, 07/30/2035 (c)	30,000			28,751
4.40%, 07/15/2044 (c)	100,000			77,919
Novartis Capital Corp., 4.00%, 09/18/2031	145,000			140,322
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/2026	36,000			34,498
Utah Acquisition Sub, Inc., 3.95%, 06/15/2026	299,000			294,499
				676,203
Pharmaceuticals, Biotechnology & Life Sciences - 0.5%
AbbVie, Inc.
2.95%, 11/21/2026	1,145,000			1,112,540
4.95%, 03/15/2031	255,000			258,250
4.05%, 11/21/2039	120,000			106,874
5.40%, 03/15/2054	190,000			192,953
Amgen, Inc.
5.60%, 03/02/2043	60,000			60,938
5.65%, 03/02/2053	372,000			379,725
5.75%, 03/02/2063	376,000			383,093
Charles River Laboratories International, Inc., 4.25%, 05/01/2028 (c)	8,000			7,684
Eli Lilly & Co.
5.00%, 02/27/2026	228,000			228,025
4.95%, 02/27/2063	147,000			140,343
Fortrea Holdings, Inc., 7.50%, 07/01/2030 (c)	11,000			11,142
Johnson & Johnson, 3.40%, 01/15/2038	246,000			211,987
Regeneron Pharmaceuticals, Inc., 2.80%, 09/15/2050	76,000			47,583
Viatris, Inc., 2.70%, 06/22/2030	631,000			553,840
				3,694,977
Pipeline - 0.7%
Blue Racer Midstream LLC / Blue Racer Finance Corp., 7.00%, 07/15/2029 (c)	5,000			5,158
Cameron LNG LLC
3.30%, 01/15/2035 (c)	298,000			253,309
3.40%, 01/15/2038 (c)	688,000			586,587
DCP Midstream Operating LP
6.45%, 11/03/2036 (c)	838,000			882,384
6.75%, 09/15/2037 (c)	348,000			377,170
Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054	125,000			124,790
El Paso Natural Gas Co. LLC, 3.50%, 02/15/2032 (c)	174,000			154,566
Enterprise Products Operating LLC, 4.95%, 02/15/2035	1,085,000			1,079,183
Florida Gas Transmission Co. LLC, 2.55%, 07/01/2030 (c)	7,000			6,170
Global Partners LP / GLP Finance Corp., 6.88%, 01/15/2029	18,000			18,065
Gulfstream Natural Gas System LLC
4.60%, 09/15/2025 (c)	74,000			73,711
6.19%, 11/01/2025 (c)	293,000			295,032
ITT Holdings LLC, 6.50%, 08/01/2029 (c)	6,000			5,624
Kinetik Holdings LP, 5.88%, 06/15/2030 (c)	84,000			83,899
Martin Midstream Partners LP / Martin Midstream Finance Corp., 11.50%, 02/15/2028 (c)	6,000			6,534
NGL Energy Operating LLC / NGL Energy Finance Corp., 8.13%, 02/15/2029 (c)	10,000			10,251
NGPL PipeCo LLC, 4.88%, 08/15/2027 (c)	129,000			128,404
Northern Natural Gas Co.
3.40%, 10/16/2051 (c)	88,000			61,771
5.63%, 02/01/2054 (c)	85,000			86,435
NuStar Logistics LP, 6.38%, 10/01/2030	16,000			16,492
Sabine Pass Liquefaction LLC, 4.50%, 05/15/2030	356,000			349,490
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 03/01/2027 (c)	60,000			60,038
Texas Eastern Transmission LP, 3.50%, 01/15/2028 (c)	297,000			285,481
Venture Global Calcasieu Pass LLC, 3.88%, 08/15/2029 (c)	14,000			13,013
Venture Global LNG, Inc.
9.50%, 02/01/2029 (c)	32,000			35,767
7.00%, 01/15/2030 (c)	80,000			81,874
				5,081,198
Power Generation - 0.1%
Constellation Energy Generation LLC, 6.25%, 10/01/2039	178,000			192,706
TerraForm Power Operating LLC, 4.75%, 01/15/2030 (c)	27,000			25,335
Vistra Operations Co. LLC
3.70%, 01/30/2027 (c)	173,000			168,864
4.38%, 05/01/2029 (c)	146,000			139,670
6.88%, 04/15/2032 (c)	30,000			31,151
6.95%, 10/15/2033 (c)	115,000			126,625
				684,351
Property & Casualty Insurance - 0.3%
Acrisure LLC / Acrisure Finance, Inc., 7.50%, 11/06/2030 (c)	9,000			9,190
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer
6.75%, 04/15/2028 (c)	70,000			70,740
7.00%, 01/15/2031 (c)	15,000			15,246
AmWINS Group, Inc., 6.38%, 02/15/2029 (c)	9,000			9,092
Aon Corp. / Aon Global Holdings PLC, 5.35%, 02/28/2033	211,000			216,010
Aon North America, Inc.
5.15%, 03/01/2029	746,000			758,260
5.30%, 03/01/2031	210,000			215,937
5.45%, 03/01/2034	625,000			642,342
5.75%, 03/01/2054	85,000			88,145
Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance, 7.13%, 05/15/2031 (c)	9,000			9,269
Farmers Insurance Exchange, 4.75% to 11/01/2037 then 3 mo. LIBOR US + 3.23%, 11/01/2057 (c)(e)	96,000			79,221
HUB International Ltd., 7.25%, 06/15/2030 (c)	91,000			94,489
Panther Escrow Issuer LLC, 7.13%, 06/01/2031 (c)	11,000			11,277
				2,219,218
Publishing & Broadcasting - 0.0%(b)
McGraw-Hill Education, Inc., 7.38%, 09/01/2031 (c)	13,000			13,475
Nexstar Media, Inc., 4.75%, 11/01/2028 (c)	6,000			5,670
				19,145
Railroad - 0.0%(b)
Burlington Northern Santa Fe LLC
4.45%, 03/15/2043	109,000			99,091
4.55%, 09/01/2044	219,000			199,720
				298,811
Real Estate - 0.5%
Brixmor Operating Partnership LP, 5.50%, 02/15/2034	2,000			2,029
COPT Defense Properties LP
2.75%, 04/15/2031	576,000			495,949
2.90%, 12/01/2033	486,000			397,405
Greystar Real Estate Partners LLC, 7.75%, 09/01/2030 (c)	9,000			9,535
Invitation Homes Operating Partnership LP, 4.88%, 02/01/2035	420,000			408,816
Kilroy Realty LP
3.45%, 12/15/2024	117,000			116,912
2.50%, 11/15/2032	261,000			206,883
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer
5.88%, 10/01/2028 (c)	80,000			79,474
7.00%, 02/01/2030 (c)	5,000			5,128
Pebblebrook Hotel LP / PEB Finance Corp., 6.38%, 10/15/2029 (c)	6,000			6,027
Piedmont Operating Partnership LP, 6.88%, 07/15/2029	5,000			5,159
Prologis LP
1.63%, 03/15/2031	28,000			23,321
4.75%, 06/15/2033	583,000			578,434
Regency Centers LP, 4.65%, 03/15/2049	219,000			194,555
RHP Hotel Properties LP / RHP Finance Corp., 4.75%, 10/15/2027	80,000			78,589
RLJ Lodging Trust LP, 4.00%, 09/15/2029 (c)	8,000			7,310
Simon Property Group LP
6.75%, 02/01/2040	227,000			258,575
5.85%, 03/08/2053	84,000			88,637
Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 10.50%, 02/15/2028 (c)	48,000			51,035
Ventas Realty LP, 3.00%, 01/15/2030	195,000			178,254
VICI Properties LP / VICI Note Co., Inc., 5.75%, 02/01/2027 (c)	183,000			184,480
XHR LP, 4.88%, 06/01/2029 (c)	6,000			5,712
				3,382,219
Refining & Marketing - 0.0%(b)
Motiva Enterprises LLC, 6.85%, 01/15/2040 (c)	36,000			39,019
PBF Holding Co. LLC / PBF Finance Corp., 7.88%, 09/15/2030 (c)	14,000			14,381
Sunoco LP / Sunoco Finance Corp., 4.50%, 05/15/2029	18,000			17,183
				70,583
Restaurants - 0.0%(b)
1011778 BC ULC / New Red Finance, Inc., 4.00%, 10/15/2030 (c)	60,000			54,545
Bloomin' Brands, Inc. / OSI Restaurant Partners LLC, 5.13%, 04/15/2029 (c)	21,000			19,467
Raising Cane's Restaurants LLC, 9.38%, 05/01/2029 (c)	9,000			9,687
				83,699
Retail - Consumer Discretionary - 0.0%(b)
Academy Ltd., 6.00%, 11/15/2027 (c)	7,000			6,990
Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 8.25%, 01/15/2030 (c)	8,000			8,328
Champions Financing, Inc., 8.75%, 02/15/2029 (c)	13,000			13,085
Cougar JV Subsidiary LLC, 8.00%, 05/15/2032 (c)	10,000			10,501
Evergreen Acqco 1 LP / TVI, Inc., 9.75%, 04/26/2028 (c)	12,000			12,668
Victra Holdings LLC / Victra Finance Corp., 8.75%, 09/15/2029 (c)	6,000			6,340
Wand NewCo 3, Inc., 7.63%, 01/30/2032 (c)	50,000			51,790
Wayfair LLC, 7.25%, 10/31/2029 (c)	3,000			3,048
				112,750
Retail - Consumer Staples - 0.0%(b)
KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution, Inc., 9.00%, 02/15/2029 (c)	6,000			6,289
Performance Food Group, Inc.
5.50%, 10/15/2027 (c)	50,000			49,773
4.25%, 08/01/2029 (c)	40,000			37,643
US Foods, Inc., 4.75%, 02/15/2029 (c)	8,000			7,726
				101,431
Semiconductors - 0.1%
Foundry JV Holdco LLC, 6.25%, 01/25/2035 (c)	955,000			987,437
Semiconductors & Semiconductor Equipment - 0.5%
Broadcom, Inc.
3.15%, 11/15/2025	70,000			68,972
5.05%, 07/12/2029	280,000			283,210
4.35%, 02/15/2030	560,000			549,086
5.15%, 11/15/2031	240,000			243,833
3.42%, 04/15/2033 (c)	420,000			373,587
3.19%, 11/15/2036 (c)	695,000			571,606
Intel Corp.
4.00%, 08/05/2029	395,000			381,427
3.25%, 11/15/2049	90,000			58,513
4.75%, 03/25/2050	665,000			556,847
4.90%, 08/05/2052	150,000			127,502
5.90%, 02/10/2063	75,000			73,007
Micron Technology, Inc.
5.38%, 04/15/2028	139,000			141,662
6.75%, 11/01/2029	305,000			328,381
5.88%, 09/15/2033	38,000			39,765
				3,797,398
Software & Services - 0.5%
AppLovin Corp.
5.13%, 12/01/2029	345,000			347,450
5.38%, 12/01/2031	290,000			292,981
5.50%, 12/01/2034	290,000			293,337
5.95%, 12/01/2054	175,000			179,830
Cadence Design Systems, Inc.
4.30%, 09/10/2029	190,000			187,798
4.70%, 09/10/2034	430,000			422,356
Cloud Software Group, Inc., 8.25%, 06/30/2032 (c)	20,000			20,862
Ellucian Holdings, Inc., 6.50%, 12/01/2029 (c)	8,000			8,162
Fortress Intermediate 3, Inc., 7.50%, 06/01/2031 (c)	66,000			68,481
Gen Digital, Inc., 6.75%, 09/30/2027 (c)	8,000			8,171
International Business Machines Corp., 4.90%, 07/27/2052	808,000			761,368
Kyndryl Holdings, Inc., 3.15%, 10/15/2031	292,000			256,795
Open Text Holdings, Inc., 4.13%, 02/15/2030 (c)	46,000			42,424
Oracle Corp.
2.30%, 03/25/2028	265,000			246,608
3.60%, 04/01/2050	245,000			181,305
UKG, Inc., 6.88%, 02/01/2031 (c)	50,000			51,434
VMware LLC, 3.90%, 08/21/2027	714,000			699,507
				4,068,869
Supermarkets & Pharmacies - 0.1%
Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/2033 (c)	920,000			1,079,542
Supranationals - 0.0%(b)
International Bank for Reconstruction & Development, 0.65%, 02/10/2026	50,000			47,938
Technology Hardware & Equipment - 0.2%
Avnet, Inc., 6.25%, 03/15/2028	305,000			315,895
Coherent Corp., 5.00%, 12/15/2029 (c)	9,000			8,689
Hewlett Packard Enterprise Co., 4.55%, 10/15/2029	335,000			331,838
Jabil, Inc., 5.45%, 02/01/2029	107,000			108,951
Juniper Networks, Inc., 2.00%, 12/10/2030	549,000			462,036
TTM Technologies, Inc., 4.00%, 03/01/2029 (c)	29,000			27,129
Viavi Solutions, Inc., 3.75%, 10/01/2029 (c)	15,000			13,712
Vontier Corp., 2.40%, 04/01/2028	374,000			341,602
				1,609,852
Telecommunication Services - 0.3%
AT&T, Inc.
1.65%, 02/01/2028	349,000			318,644
3.50%, 09/15/2053	415,000			296,866
3.55%, 09/15/2055	702,000			499,411
Verizon Communications, Inc.
5.05%, 05/09/2033	265,000			268,249
4.78%, 02/15/2035 (c)	340,000			331,648
5.50%, 02/23/2054	95,000			96,149
4.67%, 03/15/2055	44,000			39,281
Vodafone Group PLC
5.75%, 06/28/2054	350,000			351,554
5.88%, 06/28/2064	210,000			210,459
Zayo Group Holdings, Inc., 4.00%, 03/01/2027 (c)	6,000			5,663
				2,417,924
Tobacco - 0.1%
Imperial Brands Finance PLC
5.50%, 02/01/2030 (c)	370,000			376,959
5.88%, 07/01/2034 (c)	505,000			512,823
				889,782
Transportation - 0.1%
Delta Air Lines, Inc., 7.00%, 05/01/2025 (c)	151,000			151,989
Uber Technologies, Inc.
4.80%, 09/15/2034	340,000			333,036
5.35%, 09/15/2054	90,000			87,852
Union Pacific Corp., 5.15%, 01/20/2063	40,000			39,075
United Parcel Service, Inc., 3.40%, 11/15/2046	105,000			80,246
XPO, Inc., 7.13%, 02/01/2032 (c)	25,000			26,087
				718,285
Transportation & Logistics - 0.2%
Daimler Truck Finance North America LLC
2.38%, 12/14/2028 (c)	458,000			418,616
5.50%, 09/20/2033 (c)	230,000			236,501
5.38%, 01/18/2034 (c)	342,000			348,195
TTX Co., 4.60%, 02/01/2049 (c)	358,000			329,559
				1,332,871
Travel & Lodging - 0.0%(b)
Brightline East LLC, 11.00%, 01/31/2030 (c)	200,000			187,522
Viking Cruises Ltd., 7.00%, 02/15/2029 (c)	8,000			8,086
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029 (c)	70,000			69,339
				264,947
Utilities - 1.7%
AEP Texas, Inc., 3.85%, 10/01/2025 (c)	174,000			172,239
American Transmission Systems, Inc., 5.00%, 09/01/2044 (c)	108,000			103,564
AmeriGas Partners LP / AmeriGas Finance Corp., 9.38%, 06/01/2028 (c)	11,000			11,315
Appalachian Power Co., 5.65%, 04/01/2034	113,000			117,102
Arizona Public Service Co., 2.95%, 09/15/2027	92,000			88,032
Brooklyn Union Gas Co., 6.39%, 09/15/2033 (c)	548,000			586,829
Calpine Corp., 5.00%, 02/01/2031 (c)	120,000			113,857
CenterPoint Energy Houston Electric LLC
4.95%, 04/01/2033	249,000			249,643
5.30%, 04/01/2053	122,000			122,254
CenterPoint Energy Resources Corp., 4.10%, 09/01/2047	64,000			51,965
Consolidated Edison Co. of New York, Inc., 3.20%, 12/01/2051	635,000			441,804
DTE Electric Co., 3.65%, 03/01/2052	19,000			14,732
DTE Energy Co.
1.05%, 06/01/2025	280,000			274,808
4.95%, 07/01/2027	481,000			484,252
Duke Energy Corp.
3.40%, 06/15/2029	490,000			463,926
5.75%, 09/15/2033	452,000			475,387
4.20%, 06/15/2049	211,000			171,868
Duke Energy Indiana LLC, 5.40%, 04/01/2053	113,000			113,877
Edison International
5.75%, 06/15/2027	332,000			339,245
6.95%, 11/15/2029	15,000			16,256
Electricite de France SA, 5.25%, 10/13/2055 (c)	209,000			192,644
Enel Finance America LLC, 7.10%, 10/14/2027 (c)	200,000			211,904
Enel Finance International NV, 6.80%, 09/15/2037 (c)	100,000			111,184
Engie SA, 5.25%, 04/10/2029 (c)	311,000			317,162
Entergy Louisiana LLC, 5.15%, 09/15/2034	246,000			248,092
Evergy Kansas Central, Inc., 5.70%, 03/15/2053	62,000			64,514
Evergy Metro, Inc., 4.95%, 04/15/2033	60,000			60,064
Exelon Corp., 5.60%, 03/15/2053	139,000			141,543
Ferrellgas LP / Ferrellgas Finance Corp., 5.88%, 04/01/2029 (c)	20,000			18,800
FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028 (c)	349,000			354,683
Florida Power & Light Co., 5.96%, 04/01/2039	244,000			265,197
Indianapolis Power & Light Co., 5.70%, 04/01/2054 (c)	270,000			280,917
Interstate Power and Light Co., 5.70%, 10/15/2033	140,000			146,416
IPALCO Enterprises, Inc., 5.75%, 04/01/2034	165,000			169,603
MidAmerican Energy Co., 5.75%, 11/01/2035	230,000			246,384
Narragansett Electric Co., 5.35%, 05/01/2034 (c)	132,000			134,330
National Fuel Gas Co., 5.50%, 10/01/2026	77,000			77,873
New England Power Co., 2.81%, 10/06/2050 (c)	70,000			44,746
New York State Electric & Gas Corp., 5.85%, 08/15/2033 (c)	20,000			21,003
NextEra Energy Capital Holdings, Inc.
4.90%, 02/28/2028	230,000			231,607
5.11%, 09/29/2057 (c)	446,000			415,074
Oglethorpe Power Corp.
5.38%, 11/01/2040	34,000			33,283
4.55%, 06/01/2044	27,000			23,165
4.50%, 04/01/2047	9,000			7,760
Pacific Gas and Electric Co.
6.40%, 06/15/2033	210,000			225,351
6.95%, 03/15/2034	290,000			324,625
4.95%, 07/01/2050	420,000			376,865
Public Service Co. of Colorado, 5.25%, 04/01/2053	104,000			102,226
Public Service Electric and Gas Co., 5.13%, 03/15/2053	117,000			115,607
Puget Sound Energy, Inc., 4.43%, 11/15/2041	70,000			61,423
Rochester Gas and Electric Corp., 3.10%, 06/01/2027 (c)	698,000			669,252
San Diego Gas & Electric Co.
3.75%, 06/01/2047	66,000			52,080
5.35%, 04/01/2053	48,000			48,048
Southern Co.
3.25%, 07/01/2026	590,000			577,970
5.70%, 03/15/2034	444,000			465,454
Southern Co. Gas Capital Corp., 1.75%, 01/15/2031	290,000			242,445
Spire, Inc., 4.70%, 08/15/2044	187,000			162,148
Talen Energy Supply LLC, 8.63%, 06/01/2030 (c)	15,000			16,160
Tampa Electric Co., 4.90%, 03/01/2029	264,000			266,467
Union Electric Co.
2.15%, 03/15/2032	241,000			202,527
5.20%, 04/01/2034	131,000			133,764
5.45%, 03/15/2053	60,000			60,642
Virginia Electric and Power Co.
6.00%, 01/15/2036	95,000			101,024
5.45%, 04/01/2053	164,000			165,625
				12,600,606
Waste & Environment Services & Equipment - 0.0%(b)
Wrangler Holdco Corp., 6.63%, 04/01/2032 (c)	70,000			72,178
Wireless Telecommunications Services - 0.4%
T-Mobile USA, Inc.
3.75%, 04/15/2027	428,000			419,374
4.75%, 02/01/2028	315,000			314,038
3.38%, 04/15/2029	792,000			746,906
3.88%, 04/15/2030	340,000			324,928
2.55%, 02/15/2031	375,000			327,900
2.88%, 02/15/2031	413,000			366,823
4.70%, 01/15/2035	310,000			300,745
				2,800,714
Wireline Telecommunications Services - 0.0%(b)
Cogent Communications Group LLC, 7.00%, 06/15/2027 (c)	13,000			13,204
Consolidated Communications, Inc., 6.50%, 10/01/2028 (c)	6,000			5,855
Frontier Communications Holdings LLC, 5.88%, 10/15/2027 (c)	80,000			80,165
Level 3 Financing, Inc.
11.00%, 11/15/2029 (c)	8,000			9,100
10.75%, 12/15/2030 (c)	15,000			16,950
NTT Finance Corp., 2.07%, 04/03/2031 (c)	209,000			178,099
Windstream Services LLC / Windstream Escrow Finance Corp., 8.25%, 10/01/2031 (c)	11,000			11,493
				314,866
TOTAL CORPORATE BONDS (Cost $141,470,388)				143,267,653
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES – 7.3%	Par			Value
Federal Home Loan Mortgage Corp.
0.90%, 10/13/2027	38,000			34,625
0.00%, 12/14/2029 (g)	301,000			244,138
Pool QB8934, 2.50%, 02/01/2051	25,222			21,229
Pool QC6759, 2.00%, 09/01/2051	28,298			22,764
Pool QF7085, 5.50%, 02/01/2053	66,585			66,662
Pool RA3661, 2.50%, 10/01/2050	109,336			92,598
Pool RA6605, 3.00%, 01/01/2052	24,518			21,435
Pool RA6815, 2.50%, 02/01/2052	239,751			202,663
Pool RA7326, 3.50%, 05/01/2052	30,697			27,857
Pool RA9475, 5.00%, 07/01/2053	188,681			185,417
Pool SD0781, 3.00%, 11/01/2051	72,561			63,746
Pool SD1117, 4.50%, 06/01/2052	19,097			18,420
Pool SD1377, 3.50%, 07/01/2052	402,384			367,341
Pool SD1505, 4.50%, 08/01/2052	84,287			81,147
Pool SD2253, 3.50%, 12/01/2052	156,412			142,007
Pool SD2862, 6.00%, 05/01/2053	21,769			22,059
Pool SD3218, 5.00%, 05/01/2053	22,802			22,423
Pool SD3611, 3.00%, 03/01/2052	22,447			19,710
Pool SD3770, 2.50%, 03/01/2052	251,791			212,843
Pool SD3977, 5.00%, 04/01/2053	769,238			756,246
Pool SD3983, 5.50%, 09/01/2053	23,426			23,519
Pool SD4428, 2.50%, 05/01/2052	23,073			19,487
Pool SD4553, 3.00%, 09/01/2053	639,530			558,635
Pool SD4712, 4.50%, 12/01/2052	42,332			40,728
Pool SD4835, 2.50%, 02/01/2051	497,961			421,069
Pool SD4997, 5.00%, 10/01/2053	1,656,389			1,628,774
Pool SD5314, 3.00%, 01/01/2053	119,850			105,049
Pool SD8114, 2.50%, 12/01/2050	973,606			822,849
Pool SD8135, 2.50%, 03/01/2051	27,210			22,902
Pool SD8150, 2.00%, 06/01/2051	591,749			477,596
Pool SD8157, 3.00%, 07/01/2051	184,738			162,468
Pool SD8166, 2.00%, 09/01/2051	620,754			500,615
Pool SD8167, 2.50%, 09/01/2051	85,243			71,905
Pool SD8188, 2.00%, 01/01/2052	378,695			304,780
Pool SD8193, 2.00%, 02/01/2052	85,770			68,956
Pool SD8205, 2.50%, 04/01/2052	188,510			158,258
Pool SD8214, 3.50%, 05/01/2052	1,839,675			1,670,115
Pool SD8215, 4.00%, 05/01/2052	212,696			199,395
Pool SD8221, 3.50%, 06/01/2052	453,167			411,668
Pool SD8222, 4.00%, 06/01/2052	83,626			78,321
Pool SD8225, 3.00%, 07/01/2052	214,396			187,178
Pool SD8227, 4.00%, 07/01/2052	971,816			911,041
Pool SD8234, 2.50%, 08/01/2052	1,852,820			1,553,118
Pool SD8242, 3.00%, 09/01/2052	226,140			197,456
Pool SD8243, 3.50%, 09/01/2052	365,640			331,955
Pool SD8258, 5.00%, 10/01/2052	178,780			176,025
Pool SD8265, 4.00%, 11/01/2052	665,440			622,794
Pool SD8288, 5.00%, 01/01/2053	22,038			21,695
Pool SD8315, 5.00%, 04/01/2053	179,997			176,947
Pool SD8316, 5.50%, 04/01/2053	335,862			335,752
Pool SD8324, 5.50%, 05/01/2053	655,192			655,636
Pool SD8325, 6.00%, 05/01/2053	112,357			113,775
Pool SD8331, 5.50%, 06/01/2053	917,385			917,735
Pool SD8363, 6.00%, 09/01/2053	301,109			304,974
Pool SD8368, 6.00%, 10/01/2053	116,366			117,825
Pool SD8373, 6.00%, 11/01/2053	25,924			26,243
Pool SD8382, 5.00%, 12/01/2053	334,111			328,194
Pool SD8401, 5.50%, 02/01/2054	171,065			170,971
Pool SD8402, 6.00%, 02/01/2054	139,533			141,253
Federal National Mortgage Association
Pool BP3478, 2.00%, 06/01/2051	23,999			19,357
Pool BT6823, 2.50%, 10/01/2051	170,740			143,734
Pool BT9030, 2.00%, 08/01/2051	25,242			20,341
Pool BU7102, 2.50%, 12/01/2051	95,109			80,324
Pool BX5065, 5.50%, 01/01/2053	21,958			21,970
Pool CA6435, 3.50%, 07/01/2050	1,300,953			1,184,345
Pool CA7248, 2.50%, 10/01/2050	30,495			25,658
Pool CA8026, 2.50%, 12/01/2050	1,293,861			1,089,411
Pool CB1066, 2.50%, 07/01/2051	276,837			234,092
Pool CB1149, 3.00%, 07/01/2051	255,391			224,235
Pool CB3600, 3.50%, 05/01/2052	160,961			146,949
Pool CB4020, 4.00%, 07/01/2052	35,948			33,689
Pool CB4121, 4.00%, 07/01/2052	120,014			112,360
Pool CB4852, 4.50%, 10/01/2052	258,219			248,439
Pool CB5906, 5.50%, 03/01/2053	22,076			22,103
Pool CB6031, 5.00%, 04/01/2053	48,652			47,926
Pool CB6201, 6.00%, 05/01/2053	43,031			43,633
Pool CB6308, 4.50%, 05/01/2053	875,916			842,477
Pool CB6475, 5.00%, 06/01/2053	811,950			798,423
Pool CB6619, 5.50%, 06/01/2053	62,147			62,146
Pool FM9067, 2.50%, 10/01/2051	484,581			406,494
Pool FM9540, 2.00%, 11/01/2051	233,862			189,452
Pool FS0176, 2.50%, 01/01/2052	389,536			328,986
Pool FS0288, 2.00%, 01/01/2052	78,922			63,934
Pool FS0631, 3.00%, 02/01/2052	30,571			26,750
Pool FS2040, 2.00%, 02/01/2052	86,542			69,639
Pool FS2321, 2.50%, 02/01/2052	469,037			396,618
Pool FS2512, 3.50%, 07/01/2052	308,055			280,855
Pool FS2805, 2.50%, 09/01/2052	328,658			277,566
Pool FS3251, 6.00%, 11/01/2052	59,118			60,098
Pool FS3497, 3.50%, 08/01/2052	202,083			183,583
Pool FS3569, 3.00%, 02/01/2052	180,376			157,816
Pool FS4035, 5.00%, 03/01/2053	679,830			669,245
Pool FS4110, 2.50%, 03/01/2052	52,389			44,094
Pool FS4114, 4.50%, 03/01/2053	21,879			21,023
Pool FS4377, 3.00%, 04/01/2052	1,513,674			1,321,829
Pool FS4874, 5.50%, 06/01/2053	22,501			22,570
Pool FS4919, 2.50%, 05/01/2053	505,956			425,838
Pool FS5235, 5.50%, 07/01/2053	196,115			196,586
Pool FS5673, 4.00%, 02/01/2053	345,349			323,547
Pool FS5846, 2.50%, 09/01/2052	78,626			66,177
Pool FS6288, 5.50%, 10/01/2053	23,280			23,383
Pool FS6471, 3.00%, 05/01/2052	93,453			81,714
Pool FS6633, 3.00%, 06/01/2052	436,197			380,732
Pool FS6838, 5.50%, 11/01/2053	60,639			60,605
Pool FS6866, 5.00%, 10/01/2053	293,863			288,904
Pool FS7252, 5.00%, 11/01/2053	166,274			163,338
Pool MA4078, 2.50%, 07/01/2050	232,311			196,900
Pool MA4211, 3.00%, 12/01/2050	24,432			21,644
Pool MA4305, 2.00%, 04/01/2051	190,470			153,662
Pool MA4398, 2.00%, 08/01/2051	68,493			55,263
Pool MA4413, 2.00%, 09/01/2051	48,973			39,477
Pool MA4493, 2.50%, 12/01/2051	23,469			19,747
Pool MA4512, 2.50%, 01/01/2052	82,151			68,991
Pool MA4548, 2.50%, 02/01/2052	128,458			107,964
Pool MA4563, 2.50%, 03/01/2052	106,746			89,682
Pool MA4565, 3.50%, 03/01/2052	34,966			31,830
Pool MA4578, 2.50%, 04/01/2052	708,822			595,723
Pool MA4579, 3.00%, 04/01/2052	229,854			200,938
Pool MA4598, 2.50%, 05/01/2052	314,373			263,423
Pool MA4599, 3.00%, 05/01/2052	39,032			34,091
Pool MA4600, 3.50%, 05/01/2052	2,551,813			2,316,677
Pool MA4625, 3.50%, 06/01/2052	77,795			70,642
Pool MA4653, 3.00%, 07/01/2052	715,986			625,445
Pool MA4655, 4.00%, 07/01/2052	822,184			770,033
Pool MA4684, 4.50%, 06/01/2052	69,938			67,268
Pool MA4698, 3.00%, 08/01/2052	223,318			195,100
Pool MA4700, 4.00%, 08/01/2052	440,017			412,171
Pool MA4732, 4.00%, 09/01/2052	275,110			257,645
Pool MA4733, 4.50%, 09/01/2052	81,693			78,599
Pool MA4761, 5.00%, 09/01/2052	322,949			317,998
Pool MA4783, 4.00%, 10/01/2052	119,893			112,281
Pool MA4784, 4.50%, 10/01/2052	223,475			214,944
Pool MA4786, 5.50%, 10/01/2052	27,455			27,485
Pool MA4805, 4.50%, 11/01/2052	136,681			131,478
Pool MA4868, 5.00%, 01/01/2053	26,610			26,161
Pool MA4917, 4.50%, 02/01/2053	31,637			30,427
Pool MA4918, 5.00%, 02/01/2053	301,489			296,773
Pool MA4940, 5.00%, 03/01/2053	26,471			26,031
Pool MA4978, 5.00%, 04/01/2053	399,577			393,163
Pool MA5009, 5.00%, 05/01/2053	558,397			548,820
Pool MA5010, 5.50%, 05/01/2053	29,421			29,421
Pool MA5038, 5.00%, 06/01/2053	2,006,999			1,972,182
Pool MA5071, 5.00%, 07/01/2053	365,503			359,231
Pool MA5073, 6.00%, 07/01/2053	231,961			234,939
Pool MA5106, 5.00%, 08/01/2053	437,213			429,293
Pool MA5107, 5.50%, 08/01/2053	310,313			310,259
Pool MA5108, 6.00%, 08/01/2053	67,856			68,796
Pool MA5138, 5.50%, 09/01/2053	785,492			785,381
Pool MA5139, 6.00%, 09/01/2053	1,076,277			1,089,980
Pool MA5165, 5.50%, 10/01/2053	22,525			22,519
Pool MA5166, 6.00%, 10/01/2053	338,441			342,753
Pool MA5192, 6.50%, 11/01/2053	188,358			192,933
Pool MA5215, 5.50%, 12/01/2053	1,701,501			1,701,152
Pool MA5216, 6.00%, 12/01/2053	423,925			429,279
Pool MA5245, 5.00%, 01/01/2054	3,364,101			3,303,854
Pool MA5247, 6.00%, 01/01/2054	21,662			21,929
Pool MA5294, 5.00%, 03/01/2054	1,096,140			1,076,283
Pool MA5331, 5.50%, 04/01/2054	745,548			745,140
Ginnie Mae II Pool
Pool MA7935, 2.00%, 03/20/2052	224,878			185,050
Pool MA7936, 2.50%, 03/20/2052	757,457			647,756
Pool MA8151, 4.50%, 07/20/2052	148,306			143,463
Pool MA8201, 4.50%, 08/20/2052	25,608			24,768
Pool MA8800, 5.00%, 04/20/2053	530,984			524,504
Pool MA8801, 5.50%, 04/20/2053	540,443			542,682
Pool MA8877, 4.50%, 05/20/2053	287,502			277,794
Pool MA8947, 5.00%, 06/20/2053	207,307			204,713
Pool MA8948, 5.50%, 06/20/2053	43,438			43,570
Pool MA9016, 5.00%, 07/20/2053	46,333			45,746
Pool MA9018, 6.00%, 07/20/2053	58,270			59,119
Pool MA9240, 5.00%, 10/20/2053	52,416			51,728
Pool MA9304, 5.00%, 11/20/2053	128,759			127,063
Government National Mortgage Association
Pool MA7827, 2.50%, 01/20/2052	176,364			150,822
Series 2020-107, Class AB, 1.00%, 07/20/2050	48,984			37,314
Series 2021-103, Class HE, 2.00%, 06/20/2051	33,934			27,950
Series 2021-156, Class LI, 4.00%, 09/20/2051 (f)	616,184			117,922
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $54,250,360)				54,721,738
FOREIGN CORPORATE BONDS - 4.1%	Par			Value
Airlines - 0.1%
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026 (c)	55,000			55,020
Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.75%, 10/20/2028 (c)	337,000			334,818
				389,838
Automobiles & Components - 0.0%(b)
Toyota Motor Corp., 2.36%, 03/25/2031	108,000			95,470
Banks - 1.7%
ASB Bank Ltd.
5.35%, 06/15/2026 (c)	323,000			326,652
5.28% to 06/17/2027 then 5 yr. CMT Rate + 2.25%, 06/17/2032 (c)	159,000			158,687
Australia & New Zealand Banking Group Ltd./New York NY, 4.75%, 01/18/2027	361,000			363,773
Banco Bilbao Vizcaya Argentaria SA, 6.14% to 09/14/2027 then 1 yr. CMT Rate + 2.70%, 09/14/2028	167,000			171,776
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.38%, 04/11/2027 (c)	349,000			340,475
Banco Santander SA, 6.92%, 08/08/2033	600,000			646,321
Bank of Ireland Group PLC, 6.25% to 09/16/2025 then 1 yr. CMT Rate + 2.65%, 09/16/2026 (c)	452,000			455,962
Bank of Nova Scotia
1.45%, 01/10/2025	788,000			785,118
4.50%, 12/16/2025	512,000			509,254
Barclays PLC, 6.50% to 09/13/2026 then SOFR + 1.88%, 09/13/2027	200,000			205,083
BNP Paribas SA
1.90% to 09/30/2027 then SOFR + 1.61%, 09/30/2028 (c)	349,000			321,096
5.50% to 05/20/2029 then SOFR + 1.59%, 05/20/2030 (c)	352,000			357,836
5.89% to 12/05/2033 then SOFR + 1.87%, 12/05/2034 (c)	207,000			216,459
Commonwealth Bank of Australia, 5.84%, 03/13/2034 (c)	892,000			925,777
Credit Agricole SA
5.59%, 07/05/2026 (c)	558,000			566,126
5.13%, 03/11/2027 (c)	254,000			256,923
Deutsche Bank AG/New York NY, 4.16%, 05/13/2025	151,000			150,522
Federation des Caisses Desjardins du Quebec, 4.55%, 08/23/2027 (c)	4,000			3,974
HSBC Holdings PLC, 6.33% to 03/09/2043 then SOFR + 2.65%, 03/09/2044	1,393,000			1,525,183
KBC Group NV, 5.80% to 01/19/2028 then 1 yr. CMT Rate + 2.10%, 01/19/2029 (c)	245,000			251,111
Macquarie Bank Ltd., 3.62%, 06/03/2030 (c)	863,000			796,149
Mitsubishi UFJ Financial Group, Inc.
5.72% to 02/20/2025 then 1 yr. CMT Rate + 1.08%, 02/20/2026	200,000			200,328
5.48% to 02/22/2030 then 1 yr. CMT Rate + 1.53%, 02/22/2031	238,000			245,924
NatWest Group PLC, 3.07% to 05/22/2027 then 1 yr. CMT Rate + 2.55%, 05/22/2028	200,000			191,705
Societe Generale SA, 1.49% to 12/14/2025 then 1 yr. CMT Rate + 1.10%, 12/14/2026 (c)	805,000			775,007
Standard Chartered PLC, 6.19% to 07/06/2026 then 1 yr. CMT Rate + 1.85%, 07/06/2027 (c)	200,000			203,674
Sumitomo Mitsui Financial Group, Inc.
5.52%, 01/13/2028	200,000			204,973
5.80%, 07/13/2028	540,000			559,673
5.71%, 01/13/2030	253,000			263,577
1.71%, 01/12/2031	280,000			233,496
5.77%, 01/13/2033	351,000			369,624
Westpac Banking Corp., 5.51%, 11/17/2025	235,000			237,193
				12,819,431
Capital Goods - 0.1%
Vinci SA, 3.75%, 04/10/2029 (c)	637,000			614,110
Weir Group PLC, 2.20%, 05/13/2026 (c)	281,000			269,759
				883,869
Chemicals - 0.0%(b)
NOVA Chemicals Corp., 4.25%, 05/15/2029 (c)	60,000			55,861
Commercial Finance - 0.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/2026	568,000			543,149
SMBC Aviation Capital Finance DAC, 2.30%, 06/15/2028 (c)	213,000			194,565
				737,714
Consumer Staples Distribution & Retail - 0.0%(b)
Alimentation Couche-Tard, Inc., 3.55%, 07/26/2027 (c)	202,000			195,954
Energy - 0.1%
Aker BP ASA, 6.00%, 06/13/2033 (c)	192,000			198,219
Enbridge, Inc.
5.30%, 04/05/2029	40,000			40,750
5.70%, 03/08/2033	234,000			242,827
5.63%, 04/05/2034	280,000			288,573
				770,369
Exploration & Production - 0.0%(b)
CNOOC Petroleum North America ULC, 7.88%, 03/15/2032	38,000			45,711
Financial Services - 0.2%
Sumitomo Mitsui Trust Bank Ltd., 5.50%, 03/09/2028 (c)	200,000			205,014
UBS AG/London, 5.65%, 09/11/2028	250,000			258,654
UBS AG/Stamford CT, 2.95%, 04/09/2025	578,000			574,593
UBS Group AG
2.19% to 06/05/2025 then SOFR + 2.04%, 06/05/2026 (c)	65,000			64,074
1.31% to 02/02/2026 then SOFR + 0.98%, 02/02/2027 (c)	13,000			12,458
4.19% to 04/01/2030 then SOFR + 3.73%, 04/01/2031 (c)	366,000			351,451
				1,466,244
Food & Beverage - 0.1%
JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 2.50%, 01/15/2027	699,000			664,247
Food, Beverage & Tobacco - 0.1%
Heineken NV, 3.50%, 01/29/2028 (c)	882,000			856,666
Industrial Other - 0.0%(b)
Triton Container International Ltd., 3.15%, 06/15/2031 (c)	216,000			186,735
Insurance - 0.1%
AIA Group Ltd., 3.20%, 09/16/2040 (c)	213,000			165,173
Fairfax Financial Holdings Ltd., 3.38%, 03/03/2031	253,000			229,900
				395,073
Integrated Oils - 0.1%
BP Capital Markets PLC, 4.38% to 09/22/2025 then 5 yr. CMT Rate + 4.04%, Perpetual	19,000			18,810
TotalEnergies Capital SA
5.15%, 04/05/2034	180,000			182,645
5.49%, 04/05/2054	225,000			227,236
5.64%, 04/05/2064	170,000			172,401
				601,092
Materials - 0.0%(b)
Hudbay Minerals, Inc., 6.13%, 04/01/2029 (c)	60,000			60,590
OCI NV, 6.70%, 03/16/2033 (c)	218,000			220,026
Taseko Mines Ltd., 8.25%, 05/01/2030 (c)	12,000			12,423
UPM-Kymmene Oyj, 7.45%, 11/26/2027 (c)	6,000			6,331
Yara International ASA, 3.80%, 06/06/2026 (c)	22,000			21,622
				320,992
Media & Entertainment - 0.1%
Tencent Holdings Ltd., 3.98%, 04/11/2029 (c)	353,000			342,524
Metals & Mining - 0.1%
BHP Billiton Finance USA Ltd., 4.90%, 02/28/2033	328,000			329,665
FMG Resources August 2006 Pty Ltd., 5.88%, 04/15/2030 (c)	81,000			80,579
Newcastle Coal Infrastructure Group Pty Ltd., 4.40%, 09/29/2027 (c)	31,263			30,439
				440,683
Pharmaceuticals - 0.0%(b)
Pfizer Investment Enterprises Pte Ltd., 5.34%, 05/19/2063	210,000			204,047
Railroad - 0.0%(b)
Canadian Pacific Railway Co., 2.88%, 11/15/2029	33,000			30,357
Real Estate Management & Development - 0.0%(b)
Mitsui Fudosan Co. Ltd., 3.65%, 07/20/2027 (c)	347,000			337,406
Retail - Consumer Staples - 0.0%(b)
Viterra Finance BV, 2.00%, 04/21/2026 (c)	201,000			192,399
Semiconductors & Semiconductor Equipment - 0.4%
Renesas Electronics Corp., 2.17%, 11/25/2026 (c)	376,000			356,000
SK Hynix, Inc.
6.38%, 01/17/2028 (c)	1,290,000			1,344,670
5.50%, 01/16/2029 (c)	1,156,000			1,175,794
				2,876,464
Supermarkets & Pharmacies - 0.1%
CK Hutchison International 17 Ltd., 3.50%, 04/05/2027 (c)	290,000			282,920
CK Hutchison International 19 Ltd., 3.63%, 04/11/2029 (c)	280,000			268,872
				551,792
Telecommunication Services - 0.0%(b)
Rogers Communications, Inc., 7.50%, 08/15/2038	198,000			232,091
Vodafone Group PLC, 5.75%, 02/10/2063	87,000			85,928
				318,019
Transportation - 0.1%
AP Moller - Maersk AS, 5.88%, 09/14/2033 (c)	1,006,000			1,059,460
Utilities - 0.4%
E.ON International Finance BV, 6.65%, 04/30/2038 (c)	161,000			177,269
Electricite de France SA
3.63%, 10/13/2025 (c)	296,000			292,698
5.70%, 05/23/2028 (c)	349,000			357,758
6.95%, 01/26/2039 (c)	243,000			274,440
6.90%, 05/23/2053 (c)	236,000			266,203
Enel Finance International NV, 1.63%, 07/12/2026 (c)	577,000			548,770
Korea Electric Power Corp., 4.00%, 06/14/2027 (c)	703,000			693,216
National Grid PLC, 5.42%, 01/11/2034	290,000			295,782
				2,906,136
Wireline Telecommunications Services - 0.2%
British Telecommunications PLC, 5.13%, 12/04/2028	658,000			667,301
NTT Finance Corp., 4.24%, 07/25/2025 (c)	599,000			597,368
				1,264,669
TOTAL FOREIGN CORPORATE BONDS (Cost $30,469,072)				31,009,222
ASSET-BACKED SECURITIES - 2.9%	Par			Value
Airlines - 0.2%
American Airlines Group, Inc.
Series 2015-1, 3.38%, 05/01/2027	64,537			61,885
Series 2016-2, 3.20%, 06/15/2028	535,292			509,143
Series 2016-3, 3.00%, 10/15/2028	62,302			58,920
Series 2019-1, 3.15%, 02/15/2032	175,358			162,370
United Airlines, Inc.
Series 2014-1, 4.00%, 04/11/2026	68,897			68,005
Series 2016-2, 2.88%, 10/07/2028	25,801			24,194
Series 2019-2, 2.70%, 05/01/2032	161,178			143,230
Series 2023-1, 5.80%, 01/15/2036	245,392			254,665
				1,282,412
Automobile ABS - 0.4%
Avis Budget Car Rental LLC
Series 2020-2A, Class B, 2.96%, 02/20/2027 (c)	159,000			155,339
Series 2023-2A, Class B, 6.03%, 10/20/2027 (c)	100,000			101,019
Series 2024-1A, Class B, 5.85%, 06/20/2030 (c)	100,000			101,097
Series 2024-2A, Class A, 5.13%, 10/20/2028 (c)	210,000			210,752
BOF URSA Funding Trust, Series 2023-CAR3, Class A2, 6.29%, 07/26/2032 (c)	52,441			53,225
CarMax Auto Owner Trust, Series 2020-4, Class D, 1.75%, 04/15/2027	265,000			264,636
Ford Credit Auto Owner Trust, Series 2024-A, Class B, 5.26%, 11/15/2029	155,000			157,222
Ford Credit Floorplan LLC, Series 2024-1, Class A1, 5.29%, 04/15/2029 (c)	265,000			269,814
General Motors Co., Series 2024-1A, Class A1, 5.13%, 03/15/2029 (c)	210,000			212,915
GM Financial Consumer Automobile Receivables Trust, Series 2024-1, Class A3, 4.85%, 12/18/2028	635,000			639,033
Huntington Bank Auto Credit-Linked Notes Series 2024-1, Series 2024-1, Class B1, 6.15%, 05/20/2032 (c)	232,662			235,225
PHH Arval, Series 2024-1A, Class A1, 5.52%, 05/15/2036 (c)	269,570			272,326
Santander Consumer USA Holdings, Inc., Series 2024-1, Class C, 5.45%, 03/15/2030	22,000			22,226
SFS Auto Receivables Securitization Trust, Series 2024-1A, Class C, 5.51%, 01/20/2032 (c)	325,000			329,009
				3,023,838
Credit Card ABS - 0.4%
American Express Travel Related Services Co., Inc., Series 2024-2, Class A, 5.24%, 04/15/2031	685,000			708,388
Capital One Financial Corp.
Series 2023-A1, Class A, 4.42%, 05/15/2028	241,000			240,932
Series 2024-A1, Class A, 3.92%, 09/17/2029	1,805,000			1,783,669
				2,732,989
Home Equity ABS - 0.2%
JP Morgan Mortgage Trust, Series 2024-HE1, Class A1, 6.26% (30 day avg SOFR US + 1.50%), 08/25/2054 (c)	370,453			372,603
RCKT Mortgage Trust, Series 2024-CES2, Class A1A, 6.14%, 04/25/2044 (c)(h)	86,152			87,199
Towd Point Mortgage Trust
Series 2024-CES1, Class A1A, 5.85%, 01/25/2064 (c)(h)	249,860			250,029
Series 2024-CES2, Class A1A, 6.13%, 02/25/2064 (c)(h)	271,676			274,018
Series 2024-CES4, Class A1, 5.12%, 09/25/2064 (c)(i)	255,347			252,985
				1,236,834
Other ABS - 1.5%
Aqua Finance Trust, Series 2021-A, Class A, 1.54%, 07/17/2046 (c)	35,162			32,227
Beacon Container Finance LLC, Series 2021-1A, Class A, 2.25%, 10/22/2046 (c)	162,542			147,654
Blue Stream Communications LLC, Series 2024-1A, Class A2, 5.41%, 11/20/2054 (c)	176,000			176,766
Business Jet Securities LLC
Series 2024-1A, Class A, 6.20%, 05/15/2039 (c)	259,065			263,681
Series 2024-2A, Class A, 5.36%, 09/15/2039 (c)	97,922			96,993
CCG Receivables Trust, Series 2023-1, Class A2, 5.82%, 09/16/2030 (c)	107,414			108,181
Cloud Capital Holdco LP
Series 2024-1A, Class A2, 5.78%, 11/22/2049 (c)(k)	453,000			453,000
Series 2024-2A, Class A2, 5.92%, 11/22/2049 (c)(k)	135,000			136,603
Crockett Partners Equipment Co. II LLC
Series 2024-1C, Class A, 6.05%, 01/20/2031 (c)	107,698			108,610
Series 2024-1C, Class B, 6.78%, 01/20/2031 (c)	92,843			93,717
Cyrusone Holdco LLC
Series 2023-1A, Class A2, 4.30%, 04/20/2048 (c)	325,000			313,098
Series 2024-1A, Class A2, 4.76%, 03/22/2049 (c)	77,000			74,964
Dell Equipment Finance Trust, Series 2024-1, Class A3, 5.39%, 03/22/2030 (c)	250,000			252,682
DigitalBridge Group, Inc., Series 2024-1A, Class A2, 4.99%, 09/15/2049 (c)	455,000			442,717
DLLAA LLC, Series 2023-1A, Class A3, 5.64%, 02/22/2028 (c)	32,000			32,520
Driven Brands Holdings, Inc., Series 2024-1A, Class A2, 6.37%, 10/20/2054 (c)	249,375			255,557
Elara Depositor LLC, Series 2023-A, Class A, 6.16%, 02/25/2038 (c)	215,655			220,184
Foundation Finance Trust, Series 2024-2A, Class A, 4.60%, 03/15/2050 (c)	293,808			291,661
Frontier Communications Parent, Inc.
Series 2023-1, Class A2, 6.60%, 08/20/2053 (c)	250,000			255,127
Series 2024-1, Class B, 7.02%, 06/20/2054 (c)	75,000			78,191
Goodgreen Trust, Series 2021-1A, Class A, 2.66%, 10/15/2056 (c)	99,195			80,926
Hilton Grand Vacations, Inc.
Series 2022-2A, Class A, 4.30%, 01/25/2037 (c)	49,304			48,503
Series 2024-1B, Class A, 5.75%, 09/15/2039 (c)	59,447			60,021
Series 2024-1B, Class B, 5.99%, 09/15/2039 (c)	86,122			86,826
IPFS Corp., Series 2024-D, Class A, 5.34%, 04/15/2029 (c)	104,000			105,747
Kubota Credit Owner Trust, Series 2024-1A, Class A3, 5.19%, 07/17/2028 (c)	118,000			119,485
Kubota Credit Owner Trust, Series 2024-2A, Class A4, 5.19%, 05/15/2030 (c)	171,000			173,866
Marriott Vacations Worldwide Corp.
Series 2021-2A, Class A, 1.43%, 05/20/2039 (c)	197,695			185,523
Series 2021-2A, Class B, 1.83%, 05/20/2039 (c)	164,052			154,403
Series 2023-1A, Class A, 4.93%, 10/20/2040 (c)	57,841			57,743
Series 2023-1A, Class B, 5.42%, 10/20/2040 (c)	289,204			290,506
Metronet Systems Holdings LLC, Series 2022-1A, Class A2, 6.35%, 10/20/2052 (c)	168,000			171,420
MVW Owner Trust
Series 2024-2A, Class B, 4.58%, 03/20/2042 (c)	224,503			220,111
Series 2024-2A, Class C, 4.92%, 03/20/2042 (c)	144,463			141,744
Navient Student Loan Trust, Series 2024-A, Class A, 5.66%, 10/15/2072 (c)	335,085			341,404
OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, 09/15/2036 (c)	200,000			205,067
Progress Residential Trust, Series 2024-SFR3, Class C, 3.50%, 06/17/2041 (c)	250,000			229,223
Sierra Timeshare Conduit Receivables Funding LLC
Series 2021-1A, Class A, 0.99%, 11/20/2037 (c)	91,394			88,261
Series 2021-2A, Class A, 1.35%, 09/20/2038 (c)	35,635			34,342
Series 2021-2A, Class B, 1.80%, 09/20/2038 (c)	17,817			17,129
Series 2024-1A, Class C, 5.94%, 01/20/2043 (c)	132,239			131,927
Series 2024-2A, Class B, 5.29%, 06/20/2041 (c)	224,116			221,935
Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, 12/22/2031 (c)	282,000			285,149
Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, 10/25/2048 (c)	196,139			197,760
Stack Infrastructure Issuer LLC, Series 2024-1A, Class A2, 5.90%, 03/25/2049 (c)	152,000			153,583
Subway Funding LLC, Series 2024-1A, Class A2I, 6.03%, 07/30/2054 (c)	479,000			487,290
Taco Bell Corp.
Series 2016-1A, Class A23, 4.97%, 05/25/2046 (c)	50,625			50,528
Series 2021-1A, Class A2I, 1.95%, 08/25/2051 (c)	245,625			229,278
Series 2021-1A, Class A2II, 2.29%, 08/25/2051 (c)	89,408			79,949
Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, 11/15/2027 (c)	332,000			337,583
Vantage Data Centers Guarantor LLC
Series 2020-1A, Class A2, 1.65%, 09/15/2045 (c)	110,000			106,975
Series 2021-1A, Class A2, 2.17%, 10/15/2046 (c)	125,000			118,054
Verizon Master Trust, Series 2023-7, Class A1A, 5.67%, 11/20/2029	31,000			31,747
Verizon Master Trust, Series 2024-3, Class A1A, 5.34%, 04/22/2030	1,695,000			1,729,524
Verizon Master Trust, Series 2024-8, Class A1A, 4.62%, 11/20/2030(k)	300,000			300,612
Volofin Finance Designated Activity Co., Series 2024-1A, Class A, 5.94%, 06/15/2037 (c)(k)	298,000			298,000
Ziply Fiber Issuer LLC, Series 2024-1A, Class B, 7.81%, 04/20/2054 (c)	216,373			223,988
				11,630,265
Real Estate - 0.0%(b)
SBA Depositor LLC, Series 2020-1-2, 2.33%, 01/15/2028 (c)	150,000			137,344
Student Loan ABS - 0.1%
ELFI Graduate Loan Program, Series 2024-A, Class A, 5.56%, 08/25/2049 (c)	150,385			152,130
Navient Student Loan Trust
Series 2019-CA, Class A2, 3.13%, 02/15/2068 (c)	264,314			257,583
Series 2021-BA, Class A, 0.94%, 07/15/2069 (c)	40,061			35,977
Series 2021-EA, Class A, 0.97%, 12/16/2069 (c)	333,645			295,664
SoFi Professional Loan Program LLC, Series 2019-B, Class A2FX, 3.09%, 08/17/2048 (c)	43,212			42,000
				783,354
Wireless Telecommunications Services - 0.0%(b)
CC Towers Guarantor LLC, Series 4.24100, 4.24%, 07/15/2028 (c)	150,000			145,044
WL Collateral CMO - 0.1%
Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, 01/25/2067 (c)(h)	171,868			149,672
GCAT, Series 2021-NQM5, Class A1, 1.26%, 07/25/2066 (c)(h)	216,219			178,663
Towd Point Mortgage Trust
Series 2017-5, Class A1, 5.30% (1 mo. Term SOFR + 0.71%), 02/25/2057 (c)	16,784			17,431
Series 2018-2, Class A2, 3.50%, 03/25/2058 (c)(h)	100,000			95,328
Series 2022-4, Class A1, 3.75%, 09/25/2062 (c)	99,234			93,888
Verus Securitization Trust
Series 2021-3, Class A1, 1.05%, 06/25/2066 (c)(h)	233,880			199,331
Series 2022-7, Class A1, 5.15%, 07/25/2067 (c)(i)	274,536			273,232
				1,007,545
TOTAL ASSET-BACKED SECURITIES (Cost $21,773,132)				21,979,625
COLLATERALIZED MORTGAGE OBLIGATIONS - 2.2%	Par			Value
Commercial MBS - 1.1%
BANK-2019, Series 2019-BN17, Class C, 4.66%, 04/15/2052 (h)	235,000			215,095
BANK-2024, Series 2024-BNK47, Class A5, 5.72%, 06/15/2057	500,000			528,549
BANK5 Trust
Series 2024-5YR12, Class C, 6.30%, 12/15/2057 (h)	255,000			260,464
Series 2024-5YR5, Class B, 6.54%, 02/15/2029 (h)	69,000			71,692
Series 2024-5YR7, Class B, 6.94%, 06/15/2057	201,000			212,611
Series 2024-5YR8, Class A3, 5.88%, 08/15/2057	570,000			591,448
BBCMS Trust
Series 2022-C17, Class A5, 4.44%, 09/15/2055	150,000			144,920
Series 2023-C22, Class A5, 6.80%, 11/15/2056 (h)	14,876			16,818
Series 2024-C24, Class C, 6.00%, 02/15/2057	105,000			106,161
Benchmark Mortgage Trust
Series 2023-B40, Class C, 7.66%, 12/15/2056 (h)	111,000			118,972
Series 2024-V6, Class C, 6.67%, 03/15/2057	140,000			143,365
Series 2024-V7, Class B, 7.08%, 05/15/2056 (h)	135,000			141,835
BMO Mortgage Trust
Series 2023-C7, Class A5, 6.16%, 12/15/2056	277,000			299,969
Series 2024-5C3, Class B, 6.56%, 02/15/2057 (h)	68,000			70,251
Series 2024-C8, Class C, 6.23%, 03/15/2057 (h)	85,000			86,827
Brookfield Properties Retail Holding LLC, Series 2024-SHOW, Class B, 5.83%, 10/10/2041 (c)(h)	170,000			168,748
BX Trust
Series 2021-VOLT, Class D, 6.37% (1 mo. Term SOFR + 1.76%), 09/15/2036 (c)	375,000			374,134
Series 2024-XL5, Class D, 7.30% (1 mo. Term SOFR + 2.69%), 03/15/2041 (c)	230,893			231,526
Citigroup Commercial Mortgage Trust
Series 2022-GC48, Class A5, 4.74%, 05/15/2054 (h)	132,000			129,875
Series 2023-PRM3, Class C, 6.57%, 07/10/2028 (c)(h)	200,000			203,231
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class A4, 3.28%, 05/10/2049	100,000			97,384
Commercial Mortgage Pass Through Certificates
Series 2014-UBS3, Class A4, 3.82%, 06/10/2047	4,749			4,741
Series 2024-277P, Class B, 7.23%, 08/10/2044 (c)(h)	213,000			223,410
Series 2024-CBM, Class D, 7.93%, 12/10/2041 (c)(h)(k)	100,000			103,296
Computershare Corporate Trust
Series 2016-C36, Class A4, 3.07%, 11/15/2059	100,000			96,414
Series 2017-C39, Class B, 4.03%, 09/15/2050	246,000			229,411
Series 2018-C44, Class A5, 4.21%, 05/15/2051	100,000			97,160
Series 2024-1CHI, Class C, 6.43%, 07/15/2035 (c)(h)	205,000			205,976
CSAIL Commercial Mortgage Trust
Series 2015-C3, Class A4, 3.72%, 08/15/2048	381,000			377,141
Series 2015-C3, Class ASB, 3.45%, 08/15/2048	2,055			2,051
ELM Trust
Series 2024-ELM, Class D10, 6.85%, 06/10/2039 (c)(h)	180,000			182,120
Series 2024-ELM, Class D15, 6.90%, 06/10/2039 (c)(h)	123,000			124,588
FIVE 2023-V1 Mortgage Trust
Series 2023-V1, Class B, 6.51%, 02/10/2056 (h)	65,000			65,875
Series 2023-V1, Class C, 6.51%, 02/10/2056 (h)	62,909			62,626
Great Wolf Trust 2024-WOLF, Series 2024-WOLF, Class D, 7.50% (1 mo. Term SOFR + 2.89%), 03/15/2039 (c)	300,000			302,249
JP Morgan Chase Commercial Mortgage Securities
Series 2017-JP5, Class ASB, 3.55%, 03/15/2050	656,995			644,655
Series 2022-OPO, Class B, 3.38%, 01/05/2039 (c)	150,000			133,929
JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class A3, 3.50%, 12/15/2048	78,971			78,080
Madison Avenue Trust, Series 2015-11MD, Class D, 3.67%, 09/10/2035 (c)(h)	129,000			121,817
Morgan Stanley Capital I, Inc., Series 2018-H4, Class C, 5.22%, 12/15/2051 (h)	25,000			22,439
MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, 6.01%, 12/15/2056 (h)	250,000			268,837
ONE Mortgage Trust, Series 2021-PARK, Class A, 5.42% (1 mo. Term SOFR + 0.81%), 03/15/2036 (c)	225,000			221,762
ONNI Commerical Mortgage Trust, Series 2024-APT, Class C, 6.64%, 07/15/2039 (c)(h)	215,000			219,743
ORL Trust, Series 2023-GLKS, Class C, 8.26% (1 mo. Term SOFR + 3.65%), 10/19/2036 (c)	100,000			100,287
ROCK Trust 2024-CNTR, Series 2024-CNTR, Class D, 7.11%, 11/13/2041 (c)	354,000			362,639
				8,465,121
Home Equity ABS - 0.2%
BANK-2020, Series 2020-BN28, Class A4, 1.84%, 03/15/2063	100,000			84,896
BANK-2022, Series 2022-BNK39, Class A4, 2.93%, 02/15/2055 (h)	300,000			263,318
Benchmark Mortgage Trust
Series 2019-B15, Class AS, 3.23%, 12/15/2072	25,000			22,215
Series 2020-B17, Class C, 3.37%, 03/15/2053 (h)	35,000			26,283
BMO Mortgage Trust, Series 2022-C1, Class A5, 3.37%, 02/15/2055 (h)	110,000			99,478
Computershare Corporate Trust, Series 2019-C54, Class A4, 3.15%, 12/15/2052	100,000			92,054
Fannie Mae Connecticut Avenue Securities
Series 2021-R03, Class 1B1, 7.48% (30 day avg SOFR US + 2.75%), 12/25/2041 (c)	100,000			102,492
Series 2022-R02, Class 2M1, 5.93% (30 day avg SOFR US + 1.20%), 01/25/2042 (c)	25,769			25,789
JP Morgan Mortgage Trust, Series 2024-2, Class A6A, 6.00%, 08/25/2054 (c)(h)	221,638			221,703
Morgan Stanley Capital I, Inc., Series 2020-HR8, Class A4, 2.04%, 07/15/2053	55,000			47,298
RCKT Mortgage Trust, Series 2023-CES3, Class A1A, 7.11%, 11/25/2043 (c)(h)	391,633			398,597
				1,384,123
WL Collateral CMO - 0.9%
Chase Mortgage Finance Corp.
Series 2024-2, Class A6A, 6.00%, 02/25/2055 (c)(h)	76,904			77,065
Series 2024-4, Class A6, 6.00%, 03/25/2055 (c)(h)	264,751			265,458
Ellington Financial Mortgage Trust
Series 2024-INV2, Class A1, 5.04%, 10/25/2069 (c)(h)	178,878			177,155
Series 2024-INV2, Class A3, 5.44%, 10/25/2069 (c)(h)	102,358			101,381
Fannie Mae Connecticut Avenue Securities
Series 2022-R02, Class 2M2, 7.73% (30 day avg SOFR US + 3.00%), 01/25/2042 (c)	500,000			513,900
Series 2022-R04, Class 1M2, 7.83% (30 day avg SOFR US + 3.10%), 03/25/2042 (c)	101,000			105,146
Series 2022-R07, Class 1M2, 9.38% (30 day avg SOFR US + 4.65%), 06/25/2042 (c)	55,000			59,464
Series 2023-R02, Class 1M1, 7.03% (30 day avg SOFR US + 2.30%), 01/25/2043 (c)	73,399			75,112
Series 2023-R06, Class 1M2, 7.43% (30 day avg SOFR US + 2.70%), 07/25/2043 (c)	500,000			520,063
Series 2024-R03, Class 2M2, 6.68% (30 day avg SOFR US + 1.95%), 03/25/2044 (c)	420,000			424,696
Series 2024-R04, Class 1M2, 6.38% (30 day avg SOFR US + 1.65%), 05/25/2044 (c)	99,000			99,799
Freddie Mac Structured Agency Credit Risk Debt Notes
Series 2021-DNA6, Class M1, 5.53% (30 day avg SOFR US + 0.80%), 10/25/2041 (c)	6,305			6,302
Series 2021-DNA7, Class B1, 8.38% (30 day avg SOFR US + 3.65%), 11/25/2041 (c)	500,000			519,456
Series 2022-DNA1, Class M2, 7.23% (30 day avg SOFR US + 2.50%), 01/25/2042 (c)	100,000			102,161
Series 2022-DNA3, Class M1B, 7.63% (30 day avg SOFR US + 2.90%), 04/25/2042 (c)	55,000			57,053
Series 2022-DNA3, Class M2, 9.08% (30 day avg SOFR US + 4.35%), 04/25/2042 (c)	562,000			598,991
Series 2022-DNA5, Class M1B, 9.23% (30 day avg SOFR US + 4.50%), 06/25/2042 (c)	150,000			161,380
Series 2022-HQA1, Class M1B, 8.23% (30 day avg SOFR US + 3.50%), 03/25/2042 (c)	55,000			57,492
Series 2022-HQA2, Class M1B, 8.73% (30 day avg SOFR US + 4.00%), 07/25/2042 (c)	100,000			106,668
Series 2024-DNA1, Class M2, 6.68% (30 day avg SOFR US + 1.95%), 02/25/2044 (c)	500,000			506,783
JP Morgan Mortgage Trust, Series 2024-4, Class A6A, 6.00%, 10/25/2054 (c)(h)	196,165			196,485
Onslow Bay Mortgage Loan Trust
Series 2021-NQM3, Class A1, 1.05%, 07/25/2061 (c)(h)	308,297			252,431
Series 2023-NQM7, Class A1, 6.84%, 04/25/2063 (c)(i)	214,268			217,169
Series 2024-NQM14, Class A1, 4.94%, 09/25/2064 (c)(i)	424,658			420,881
Series 2024-NQM14, Class A3, 5.35%, 09/25/2064 (c)(i)	147,707			146,144
Series 2024-NQM4, Class A1, 6.07%, 01/25/2064 (c)(i)	227,668			229,415
Sequoia Mortgage Trust, Series 2024-7, Class A12, 5.50%, 08/25/2054 (c)(h)	277,031			276,081
SGR Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, 12/25/2061 (c)(h)	73,036			60,827
				6,334,958
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $16,012,202)				16,184,202
FOREIGN GOVERNMENT AGENCY ISSUES - 1.1%	Par			Value
African Development Bank, 3.50%, 09/18/2029	460,000			446,941
Asian Development Bank
1.50%, 01/20/2027	330,000			312,207
3.75%, 04/25/2028	135,000			133,195
Asian Infrastructure Investment Bank, 4.25%, 03/13/2034	110,000			109,949
Inter-American Development Bank
1.50%, 01/13/2027	411,000			388,653
4.13%, 02/15/2029	208,000			208,133
3.63%, 09/17/2031	370,000			357,481
International Bank for Reconstruction & Development
0.88%, 07/15/2026	402,000			380,734
1.38%, 04/20/2028	93,000			84,885
4.50%, 06/26/2028	747,000			745,639
3.88%, 10/16/2029	500,000			493,005
5.75%, 05/02/2034	3,260,000			3,301,718
International Finance Corp., 4.38%, 01/15/2027	56,000			56,156
Province of British Columbia Canada, 4.75%, 06/12/2034	240,000			243,420
Province of Ontario Canada
3.70%, 09/17/2029	615,000			599,242
5.05%, 04/24/2034	275,000			285,068
TOTAL FOREIGN GOVERNMENT AGENCY ISSUES (Cost $8,140,006)				8,146,426
MORTGAGE-BACKED SECURITIES - 1.1%	Par			Value
Banc of America Re-Remic Trust, Series 2024-BHP, Class B, 7.51% (1 mo. Term SOFR + 2.90%), 08/15/2039 (c)	217,000			218,653
CONE Trust 2024-DFW1
Series 2024-DFW1, Class A, 6.25% (1 mo. Term SOFR + 1.64%), 08/15/2041 (c)	85,000			85,246
Series 2024-DFW1, Class D, 7.65% (1 mo. Term SOFR + 3.04%), 08/15/2041 (c)	92,000			92,270
Ginnie Mae II Pool
Pool MA9241, 5.50%, 10/20/2053	88,561			88,819
Pool MA9541, 5.50%, 03/20/2054	85,826			85,980
Pool MA9603, 4.50%, 04/20/2054	310,616			299,887
Pool MA9605, 5.50%, 04/20/2054	39,148			39,234
Pool MA9726, 6.00%, 06/20/2054	103,491			104,734
Pool MA9777, 4.50%, 07/20/2054	49,612			47,899
Pool MA9780, 6.00%, 07/20/2054	138,370			139,854
Federal Home Loan Mortgage Corp.
Pool RA5794, 4.00%, 09/01/2051	35,361			33,147
Pool RA6614, 2.50%, 01/01/2052	297,972			250,770
Pool RJ1854, 5.00%, 06/01/2054	144,124			141,645
Pool SD4977, 5.00%, 11/01/2053	71,475			70,205
Pool SD8160, 2.00%, 08/01/2051	44,543			35,901
Pool SD8189, 2.50%, 01/01/2052	220,921			185,942
Pool SD8213, 3.00%, 05/01/2052	43,308			37,800
Pool SD8342, 5.50%, 07/01/2053	1,018,109			1,018,834
Pool SD8383, 5.50%, 12/01/2053	87,984			87,967
Pool SD8420, 5.50%, 04/01/2054	147,329			147,249
Pool SD8438, 5.50%, 06/01/2054	37,676			37,655
Pool SD8447, 6.00%, 07/01/2054	98,651			99,851
Pool SD8463, 6.00%, 09/01/2054	67,530			68,352
Federal National Mortgage Association
Pool CA5354, 3.50%, 03/01/2050	44,267			40,261
Pool CB1332, 2.50%, 08/01/2051	200,016			168,697
Pool CB5384, 4.50%, 12/01/2052	136,821			131,640
Pool CB7867, 6.50%, 01/01/2054	154,032			157,774
Pool FS6668, 5.50%, 12/01/2053	601,259			600,930
Pool FS8078, 2.00%, 02/01/2052	101,658			81,722
Pool FS8824, 3.00%, 06/01/2052	78,410			68,560
Pool FS9453, 4.50%, 08/01/2053	39,898			38,387
Pool MA4624, 3.00%, 06/01/2052	158,375			138,203
Pool MA4656, 4.50%, 07/01/2052	1,140,142			1,096,961
Pool MA4782, 3.50%, 10/01/2052	314,845			285,784
Pool MA4841, 5.00%, 12/01/2052	156,494			154,250
Pool MA5352, 5.00%, 05/01/2054	1,067,396			1,048,059
Pool MA5389, 6.00%, 06/01/2054	129,025			130,596
Pool MA5442, 4.50%, 08/01/2054	34,447			33,095
Pool MA5445, 6.00%, 08/01/2054	57,329			58,028
Pool MA5530, 5.00%, 11/01/2054	59,846			58,752
Pool MA5531, 5.50%, 11/01/2054	109,335			109,258
				6,616,275
TOTAL MORTGAGE-BACKED SECURITIES (Cost $7,825,997)				7,818,851
U.S. GOVERNMENT AGENCY ISSUES - 1.0%	Par			Value
Federal Farm Credit Banks Funding Corp
4.88%, 08/28/2026	5,000			5,051
4.50%, 03/26/2027	10,000			10,064
0.86%, 10/05/2027	44,000			40,090
5.34%, 11/06/2028	270,000			270,450
4.25%, 12/15/2028	63,000			63,210
1.55%, 03/15/2029	8,000			7,167
4.13%, 03/20/2029	10,000			9,988
4.97%, 03/27/2029	10,000			10,002
1.19%, 07/16/2029	7,000			6,106
1.14%, 08/20/2029	30,000			26,099
1.23%, 09/10/2029	71,000			61,949
1.74%, 06/03/2030	988,000			864,042
1.25%, 06/24/2030	21,000			17,832
1.60%, 07/15/2030	33,000			28,509
1.55%, 07/26/2030	134,000			115,381
1.24%, 09/03/2030	671,000			565,441
1.32%, 09/09/2030	22,000			18,635
1.22%, 09/23/2030	1,201,000			1,008,193
1.30%, 02/03/2031	35,000			29,191
1.67%, 03/03/2031	31,000			26,324
2.02%, 04/01/2031	72,000			62,709
4.75%, 05/02/2031	257,000			263,186
1.88%, 06/16/2031	22,000			18,914
3.30%, 03/23/2032	9,000			8,301
1.69%, 08/20/2035	196,000			147,453
1.68%, 09/17/2035	55,000			41,230
Federal Home Loan Banks
2.50%, 12/10/2027	140,000			133,543
3.00%, 03/10/2028	10,000			9,648
3.25%, 06/09/2028	140,000			136,156
4.50%, 03/09/2029	250,000			252,766
2.13%, 12/14/2029	150,000			136,469
1.50%, 03/14/2031	1,760,000			1,486,620
4.75%, 03/10/2034	165,000			169,167
Federal Home Loan Mortgage Corp
5.63%, 06/11/2027	69,000			69,027
5.47%, 07/17/2028	9,000			8,998
Tennessee Valley Authority
4.38%, 08/01/2034	290,000			287,913
4.88%, 01/15/2048	716,000			722,804
4.25%, 09/15/2065	229,000			201,337
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $7,298,296)				7,339,965
FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.8%	Par			Value
Brazilian Government International Bond, 6.13%, 03/15/2034	420,000			413,881
Colombia Government International Bond, 3.00%, 01/30/2030	250,000			210,703
Costa Rica Government International Bond, 7.16%, 03/12/2045	420,000			441,420
Guatemala Government Bond, 6.55%, 02/06/2037 (c)	415,000			416,245
Indonesia Government International Bond, 5.25%, 01/17/2042 (c)	200,000			199,855
Mexico Government International Bond
6.00%, 05/07/2036	349,000			341,097
5.55%, 01/21/2045	140,000			127,097
Oman Government International Bond, 6.50%, 03/08/2047 (c)	405,000			413,924
Panama Government International Bond, 2.25%, 09/29/2032	200,000			148,230
Paraguay Government International Bond, 5.40%, 03/30/2050 (c)	460,000			409,515
Peruvian Government International Bond
3.00%, 01/15/2034	157,000			130,585
3.30%, 03/11/2041	141,000			107,211
3.55%, 03/10/2051	140,000			100,564
Philippine Government International Bond
7.75%, 01/14/2031	211,000			243,103
6.38%, 10/23/2034	394,000			434,639
Province of Quebec Canada, 4.25%, 09/05/2034	310,000			302,338
Republic of Poland Government International Bond
4.63%, 03/18/2029	15,000			14,955
5.50%, 03/18/2054	946,000			919,058
Republic of South Africa Government International Bond, 5.00%, 10/12/2046	200,000			146,208
Romanian Government International Bond, 6.13%, 01/22/2044 (c)	100,000			92,095
Uruguay Government International Bond
4.38%, 01/23/2031	104,000			101,838
4.13%, 11/20/2045	138,000			121,235
4.98%, 04/20/2055	324,000			300,490
TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS (Cost $6,153,521)				6,136,286
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 0.1%	Par			Value
Commercial MBS - 0.1%
BX Trust, Series 2024-VLT4, Class E, 7.50% (1 mo. Term SOFR + 2.89%), 07/15/2029 (c)	213,000			213,907
Morgan Stanley ABS Capital I, Inc., Series 2021-230P, Class B, 6.17% (1 mo. Term SOFR + 1.56%), 12/15/2038 (c)	98,000			92,507
SFO Commercial Mortgage Trust, Series 2021-555, Class A, 5.87% (1 mo. Term SOFR + 1.26%), 05/15/2038 (c)	341,000			330,030
SREIT Trust, Series 2021-PALM, Class A, 5.31% (1 mo. Term SOFR + 0.70%), 10/15/2034 (c)	175,000			173,987
STWD Trust, Series 2021-FLWR, Class A, 5.30% (1 mo. Term SOFR + 0.69%), 07/15/2036 (c)	150,000			149,768
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES (Cost $954,429)				960,199
MUNICIPAL BONDS - 0.0%(b)	Par			Value
New York - 0.0%(b)
New York City Housing Development Corp., 8.71%, 02/15/2048 (Obligor: Fc 8 Spruce Street Resid) (d)	270,000			269,882
TOTAL MUNICIPAL BONDS (Cost $265,275)				269,882
SHORT-TERM INVESTMENTS - 1.2%				Value
Investments Purchased with Proceeds from Securities Lending - 0.5%	Units
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (j)	3,458,680			3,458,680
Money Market Funds - 0.7%	Shares
First American Government Obligations Fund - Class X, 4.56% (j)	5,650,103			5,650,103
TOTAL SHORT-TERM INVESTMENTS (Cost $9,108,783)				9,108,783
TOTAL INVESTMENTS - 100.4% (Cost $749,198,117)				757,035,379
Liabilities in Excess of Other Assets - (0.4)%				(2,695,628)
TOTAL NET ASSETS - 100.0%			$	754,339,751
two				–%

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS^®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS^® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

AG - Aktiengesellschaft

AS - Aksjeselskap

ASA - Advanced Subscription Agreement

CMT - Constant Maturity Treasury

LIBOR - London Interbank Offered Rate

NV - Naamloze Vennootschap

OYJ - Julkinen Asakeyhtio

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SA - Sociedad Anónima

SOFR - Secured Overnight Financing Rate

(a)	All or a portion of this security is on loan as of November 30, 2024. The total market value of these securities was $3,396,331 which represented 0.5% of net assets.
(b)	Represents less than 0.05% of net assets.
(c)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of November 30, 2024, the value of these securities total $84,561,298 or 11.2% of the Fund’s net assets.
(d)	Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of November 30, 2024.
(e)	Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date.
(f)	Interest only security.
(g)	Zero coupon bonds make no periodic interest payments.
(h)	Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of November 30, 2024.
(i)	Step coupon bond. The rate disclosed is as of November 30, 2024.
(j)	The rate shown represents the 7-day annualized effective yield as of November 30, 2024.
(k)	Fair valued security. Value determined using significant unobservable inputs.

Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)

ActivePassive Core Bond ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2024:

	Level 1		Level 2		Level 3^		Total
Investments:
U.S. Treasury Securities	$	–	$	248,396,524	$	–	$	248,396,524
Exchange Traded Funds		201,696,023		–		–		201,696,023
Corporate Bonds		–		143,267,653		–		143,267,653
Agency Commercial Mortgage Backed Securities		–		54,721,738		–		54,721,738
Foreign Corporate Bonds		–		31,009,222		–		31,009,222
Asset-Backed Securities		–		20,791,410		1,188,215		21,979,625
Collateralized Mortgage Obligations		–		16,080,906		103,296		16,184,202
Foreign Government Agency Issues		–		8,146,426		–		8,146,426
Mortgage-Backed Securities		–		7,818,851		–		7,818,851
U.S. Government Agency Issues		–		7,339,965		–		7,339,965
Foreign Government Debt Obligations		–		6,136,286		–		6,136,286
Non-Agency Commercial Mortgage Backed Securities		–		960,199		–		960,199
Municipal Bonds		–		269,882		–		269,882
Investments Purchased with Proceeds from Securities Lending(a)		–		–		–		3,458,680
Money Market Funds		5,650,103		–		–		5,650,103
Total Investments	$	207,346,126	$	544,939,062	$	1,291,511	$	757,035,379
Refer to the Schedule of Investments for further disaggregation of investment categories.

(a)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $3,458,680 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.
^	The fund measures Level 3 activity as of the end of each financial reporting period.

As of November 30, 2024, the Fund held Level 3 investments that were valued at the most recent trade price in an inactive market.  The Level 3 investments in securities represented less than 1% of the Fund’s net assets and were not considered a significant portion of the Fund’s portfolio. As the Level 3 investments were not considered significant to the financial statements, a reconciliation of Level 3 investments for the year ended November 30, 2024 is not presented.