Baird Funds NPORT-P Baird Aggregate Bond Fund (Sep 2024 report)

Baird Aggregate Bond Fund

Schedule of Investments

September 30, 2024 (Unaudited)

CORPORATE BONDS - 36.1%		Par		Value
Financials - 15.7%
ABN AMRO Bank NV
4.75%, 07/28/2025 (a)	$	62,453,000	$	62,175,228
4.80%, 04/18/2026 (a)		42,935,000		42,912,398
1.54% to 06/16/2026 then 1 yr. CMT Rate + 0.80%, 06/16/2027 (Callable 06/16/2026) (a)		16,900,000		16,059,166
6.34% to 09/18/2026 then 1 yr. CMT Rate + 1.65%, 09/18/2027 (Callable 09/18/2026) (a)		31,025,000		32,117,488
3.32% to 03/13/2032 then 5 yr. CMT Rate + 1.90%, 03/13/2037 (Callable 12/13/2031) (a)		5,000,000		4,376,188
AEGON Funding Co. LLC, 5.50%, 04/16/2027 (Callable 03/16/2027) (a)		31,625,000		32,323,056
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
2.45%, 10/29/2026 (Callable 09/29/2026)		9,350,000		8,978,786
6.45%, 04/15/2027 (Callable 03/15/2027)		19,546,000		20,476,261
5.75%, 06/06/2028 (Callable 05/06/2028)		30,000,000		31,267,187
3.00%, 10/29/2028 (Callable 08/29/2028)		17,441,000		16,475,409
4.63%, 09/10/2029 (Callable 08/10/2029)		8,000,000		8,003,963
3.30%, 01/30/2032 (Callable 10/30/2031)		10,000,000		9,024,985
Agree LP
2.90%, 10/01/2030 (Callable 07/01/2030)		5,000,000		4,537,105
4.80%, 10/01/2032 (Callable 07/01/2032)		7,000,000		6,940,899
AIB Group PLC
7.58% to 10/14/2025 then SOFR + 3.46%, 10/14/2026 (Callable 10/14/2025) (a)		34,199,000		35,180,760
6.61% to 09/13/2028 then SOFR + 2.33%, 09/13/2029 (Callable 09/13/2028) (a)		20,885,000		22,343,731
5.87% to 03/28/2034 then SOFR + 1.91%, 03/28/2035 (Callable 03/28/2034) (a)		39,575,000		41,724,250
AIG SunAmerica Global Financing X, 6.90%, 03/15/2032 (a)		25,000,000		28,286,751
Air Lease Corp., 5.85%, 12/15/2027 (Callable 11/15/2027)		10,000,000		10,426,913
Aircastle Ltd.
6.50%, 07/18/2028 (Callable 06/18/2028) (a)		9,482,000		9,945,877
5.95%, 02/15/2029 (Callable 01/15/2029) (a)		23,000,000		23,823,494
American International Group, Inc.
5.13%, 03/27/2033 (Callable 12/27/2032)		10,500,000		10,820,696
6.82%, 11/15/2037		1,410,000		1,621,328
American National Group, Inc., 5.75%, 10/01/2029 (Callable 09/01/2029)		16,500,000		16,595,350
AmFam Holdings, Inc., 2.81%, 03/11/2031 (Callable 12/11/2030) (a)		5,000,000		3,972,670
Aon Corp. / Aon Global Holdings PLC, 3.90%, 02/28/2052 (Callable 08/28/2051)		5,000,000		3,998,986
Aon Global Ltd., 4.45%, 05/24/2043 (Callable 02/24/2043)		1,274,000		1,113,500
Aon North America, Inc., 5.75%, 03/01/2054 (Callable 09/01/2053)		10,600,000		11,228,972
Arthur J Gallagher & Co.
3.50%, 05/20/2051 (Callable 11/20/2050)		5,625,000		4,152,502
5.75%, 03/02/2053 (Callable 09/02/2052)		5,000,000		5,223,353
5.75%, 07/15/2054 (Callable 01/15/2054)		9,000,000		9,394,400
ASB Bank Ltd.
5.35%, 06/15/2026 (a)		23,625,000		24,066,941
5.28% to 06/17/2027 then 5 yr. CMT Rate + 2.25%, 06/17/2032 (Callable 06/17/2027) (a)		4,000,000		4,035,621
Australia & New Zealand Banking Group Ltd.
2.95% to 07/22/2025 then 5 yr. CMT Rate + 1.29%, 07/22/2030 (Callable 07/22/2025) (a)		5,000,000		4,912,684
6.74%, 12/08/2032 (a)		38,113,000		42,375,724
5.20% to 09/30/2034 then 1 yr. CMT Rate + 1.47%, 09/30/2035 (Callable 09/30/2034) (a)		37,350,000		37,196,010
2.57% to 11/25/2030 then 5 yr. CMT Rate + 1.70%, 11/25/2035 (Callable 11/25/2030) (a)		15,000,000		13,015,482
Aviation Capital Group LLC
6.25%, 04/15/2028 (Callable 03/15/2028) (a)		31,000,000		32,396,498
5.38%, 07/15/2029 (Callable 06/15/2029) (a)		15,010,000		15,332,979
6.38%, 07/15/2030 (Callable 05/15/2030) (a)		6,500,000		6,965,770
Banco Santander SA
2.75%, 05/28/2025		7,000,000		6,892,427
5.18%, 11/19/2025		25,983,000		26,017,537
1.72% to 09/14/2026 then 1 yr. CMT Rate + 0.90%, 09/14/2027 (Callable 09/14/2026)		11,325,000		10,728,294
4.38%, 04/12/2028		13,400,000		13,337,121
6.61%, 11/07/2028		15,000,000		16,275,068
5.54% to 03/14/2029 then 1 yr. CMT Rate + 1.45%, 03/14/2030 (Callable 03/14/2029)		15,000,000		15,510,613
3.49%, 05/28/2030		5,000,000		4,721,685
2.75%, 12/03/2030		19,250,000		17,008,590
5.44%, 07/15/2031		10,000,000		10,456,439
3.23% to 11/22/2031 then 1 yr. CMT Rate + 1.60%, 11/22/2032 (Callable 08/22/2031)		35,000,000		30,998,924
6.92%, 08/08/2033		9,800,000		10,844,211
6.35%, 03/14/2034		36,300,000		38,871,416
Bank of America Corp.
5.08% to 01/20/2026 then SOFR + 1.29%, 01/20/2027 (Callable 01/20/2026)		12,500,000		12,601,607
3.56% to 04/23/2026 then 3 mo. Term SOFR + 1.32%, 04/23/2027 (Callable 04/23/2026)		9,000,000		8,887,859
1.73% to 07/22/2026 then SOFR + 0.96%, 07/22/2027 (Callable 07/22/2026)		35,000,000		33,414,092
4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 (Callable 04/27/2027)		16,000,000		16,025,347
6.20% to 11/10/2027 then SOFR + 1.99%, 11/10/2028 (Callable 11/10/2027)		11,425,000		12,059,802
3.42% to 12/20/2027 then 3 mo. Term SOFR + 1.30%, 12/20/2028 (Callable 12/20/2027)		37,683,000		36,658,114
3.97% to 03/05/2028 then 3 mo. Term SOFR + 1.33%, 03/05/2029 (Callable 03/05/2028)		14,230,000		14,062,337
2.09% to 06/14/2028 then SOFR + 1.06%, 06/14/2029 (Callable 06/14/2028)		15,000,000		13,851,821
4.27% to 07/23/2028 then 3 mo. Term SOFR + 1.57%, 07/23/2029 (Callable 07/23/2028)		39,571,000		39,466,733
3.19% to 07/23/2029 then 3 mo. Term SOFR + 1.44%, 07/23/2030 (Callable 07/23/2029)		5,000,000		4,732,469
2.50% to 02/13/2030 then 3 mo. Term SOFR + 1.25%, 02/13/2031 (Callable 02/13/2030)		13,000,000		11,785,135
2.59% to 04/29/2030 then SOFR + 2.15%, 04/29/2031 (Callable 04/29/2030)		60,000,000		54,410,534
1.90% to 07/23/2030 then SOFR + 1.53%, 07/23/2031 (Callable 07/23/2030)		10,000,000		8,676,034
1.92% to 10/24/2030 then SOFR + 1.37%, 10/24/2031 (Callable 10/24/2030)		5,000,000		4,308,201
2.69% to 04/22/2031 then SOFR + 1.32%, 04/22/2032 (Callable 04/22/2031)		15,000,000		13,378,037
2.30% to 07/21/2031 then SOFR + 1.22%, 07/21/2032 (Callable 07/21/2031)		5,000,000		4,328,262
2.97% to 02/04/2032 then SOFR + 1.33%, 02/04/2033 (Callable 02/04/2032)		10,000,000		8,955,431
5.02% to 07/22/2032 then SOFR + 2.16%, 07/22/2033 (Callable 07/22/2032)		5,000,000		5,129,739
5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034 (Callable 04/25/2033)		16,500,000		17,154,681
5.47% to 01/23/2034 then SOFR + 1.65%, 01/23/2035 (Callable 01/23/2034)		10,000,000		10,516,041
7.75%, 05/14/2038		1,138,000		1,437,981
Bank of Ireland Group PLC
6.25% to 09/16/2025 then 1 yr. CMT Rate + 2.65%, 09/16/2026 (Callable 09/16/2025) (a)		8,864,000		8,983,596
2.03% to 09/30/2026 then 1 yr. CMT Rate + 1.10%, 09/30/2027 (Callable 09/30/2026) (a)		20,000,000		19,091,973
5.60% (SOFR + 1.62%), 03/20/2030 (Callable 03/20/2029) (a)		28,500,000		29,566,191
Bank of Montreal
5.37%, 06/04/2027		18,000,000		18,616,562
3.09% to 01/10/2032 then 5 yr. CMT Rate + 1.40%, 01/10/2037 (Callable 01/10/2032)		19,800,000		17,086,996
Bank of Nova Scotia
4.50%, 12/16/2025		8,500,000		8,479,273
5.40%, 06/04/2027		40,000,000		41,247,245
5.25%, 06/12/2028		10,000,000		10,356,219
4.59% to 05/04/2032 then 5 yr. CMT Rate + 2.05%, 05/04/2037 (Callable 02/04/2032)		23,300,000		22,163,353
Banque Federative du Credit Mutuel SA
4.75%, 07/13/2027 (a)		22,290,000		22,547,380
5.79%, 07/13/2028 (a)		12,000,000		12,576,796
Barclays PLC
2.85% to 05/07/2025 then SOFR + 2.71%, 05/07/2026 (Callable 05/07/2025)		10,000,000		9,868,471
4.34%, 01/10/2028 (Callable 01/10/2027)		20,000,000		19,874,830
6.49% to 09/13/2028 then SOFR + 2.22%, 09/13/2029 (Callable 09/13/2028)		17,000,000		18,139,499
5.69% to 03/12/2029 then SOFR + 1.74%, 03/12/2030 (Callable 03/12/2029)		18,000,000		18,724,453
6.22% to 05/09/2033 then SOFR + 2.98%, 05/09/2034 (Callable 05/09/2033)		52,000,000		56,022,991
6.69% to 09/13/2033 then SOFR + 2.62%, 09/13/2034 (Callable 09/13/2033)		32,225,000		35,835,973
5.34% to 09/10/2034 then SOFR + 1.91%, 09/10/2035 (Callable 09/10/2034)		60,000,000		60,667,726
Belrose Funding Trust, 2.33%, 08/15/2030 (Callable 05/15/2030) (a)		23,950,000		20,550,839
BNP Paribas SA
2.82% to 11/19/2024 then 3 mo. Term SOFR + 1.37%, 11/19/2025 (Callable 11/19/2024) (a)		9,350,000		9,314,230
4.38%, 05/12/2026 (a)		45,131,000		44,828,593
2.22% to 06/09/2025 then SOFR + 2.07%, 06/09/2026 (Callable 06/09/2025) (a)		15,000,000		14,711,642
1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 (Callable 01/13/2026) (a)		28,350,000		27,159,888
4.63%, 03/13/2027 (a)		2,325,000		2,317,671
2.59% to 01/20/2027 then SOFR + 1.23%, 01/20/2028 (Callable 01/20/2027) (a)		2,175,000		2,087,497
1.90% to 09/30/2027 then SOFR + 1.61%, 09/30/2028 (Callable 09/30/2027) (a)		27,000,000		25,084,598
5.34% (1 yr. CMT Rate + 1.50%), 06/12/2029 (Callable 06/12/2028) (a)		13,025,000		13,444,500
2.16% to 09/15/2028 then SOFR + 1.22%, 09/15/2029 (Callable 09/15/2028) (a)		19,538,000		17,804,520
5.18% to 01/09/2029 then SOFR + 1.52%, 01/09/2030 (Callable 01/09/2029) (a)		6,500,000		6,668,671
2.87% to 04/19/2031 then 3 mo. Term SOFR + 1.39%, 04/19/2032 (Callable 04/19/2031) (a)		32,075,000		28,565,691
3.13% to 01/20/2032 then SOFR + 1.56%, 01/20/2033 (Callable 01/20/2032) (a)		10,000,000		8,928,554
2.59% to 08/12/2030 then 5 yr. CMT Rate + 2.05%, 08/12/2035 (Callable 08/12/2030) (a)		14,000,000		12,193,133
BPCE SA
2.38%, 01/14/2025 (a)		12,000,000		11,902,179
4.50%, 03/15/2025 (a)		55,492,000		55,200,357
1.65% to 10/06/2025 then SOFR + 1.52%, 10/06/2026 (Callable 10/06/2025) (a)		25,000,000		24,210,846
5.72% to 01/18/2029 then SOFR + 1.96%, 01/18/2030 (Callable 01/18/2029) (a)		5,400,000		5,577,123
2.28% to 01/20/2031 then SOFR + 1.31%, 01/20/2032 (Callable 01/20/2031) (a)		14,350,000		12,227,736
3.12% to 10/19/2031 then SOFR + 1.73%, 10/19/2032 (Callable 10/19/2031) (a)		43,420,000		37,408,891
7.00% to 10/19/2033 then SOFR + 2.59%, 10/19/2034 (Callable 10/19/2033) (a)		10,000,000		11,197,735
6.51% to 01/18/2034 then SOFR + 2.79%, 01/18/2035 (Callable 01/18/2034) (a)		12,500,000		13,147,570
5.94% to 05/30/2034 then SOFR + 1.85%, 05/30/2035 (Callable 05/30/2034) (a)		16,000,000		16,754,338
Brown & Brown, Inc.
4.50%, 03/15/2029 (Callable 12/15/2028)		23,825,000		23,939,696
2.38%, 03/15/2031 (Callable 12/15/2030)		36,789,000		31,848,224
4.20%, 03/17/2032 (Callable 12/17/2031)		15,000,000		14,364,895
4.95%, 03/17/2052 (Callable 09/17/2051)		9,500,000		8,692,901
Canadian Imperial Bank of Commerce
5.62%, 07/17/2026		15,000,000		15,378,295
4.63% to 09/11/2029 then SOFR + 1.34%, 09/11/2030 (Callable 09/11/2029)		8,000,000		8,051,174
6.09%, 10/03/2033 (Callable 07/03/2033)		20,000,000		21,846,839
Cantor Fitzgerald LP
4.50%, 04/14/2027 (Callable 01/14/2027) (a)		17,450,000		17,281,988
7.20%, 12/12/2028 (Callable 11/12/2028) (a)		9,250,000		9,811,977
Capital One Financial Corp.
3.65%, 05/11/2027 (Callable 04/11/2027)		26,750,000		26,295,363
6.31% to 06/08/2028 then SOFR + 2.64%, 06/08/2029 (Callable 06/08/2028)		36,205,000		38,136,365
3.27% to 03/01/2029 then SOFR + 1.79%, 03/01/2030 (Callable 03/01/2029)		23,862,000		22,434,909
7.62% to 10/30/2030 then SOFR + 3.07%, 10/30/2031 (Callable 10/30/2030)		8,000,000		9,092,259
5.82% to 02/01/2033 then SOFR + 2.60%, 02/01/2034 (Callable 02/01/2033)		12,700,000		13,215,796
6.05% to 02/01/2034 then SOFR + 2.26%, 02/01/2035 (Callable 02/01/2034)		7,950,000		8,417,794
Centene Corp.
3.00%, 10/15/2030 (Callable 07/15/2030)		13,061,000		11,692,560
2.50%, 03/01/2031 (Callable 12/01/2030)		35,000,000		30,083,571
2.63%, 08/01/2031 (Callable 05/01/2031)		12,000,000		10,289,674
Charles Schwab Corp., 2.90%, 03/03/2032 (Callable 12/03/2031)		5,000,000		4,491,574
Citigroup, Inc.
3.11% to 04/08/2025 then SOFR + 2.84%, 04/08/2026 (Callable 04/08/2025)		20,000,000		19,802,886
3.89% to 01/10/2027 then 3 mo. Term SOFR + 1.82%, 01/10/2028 (Callable 01/10/2027)		40,600,000		40,192,103
3.67% to 07/24/2027 then 3 mo. Term SOFR + 1.65%, 07/24/2028 (Callable 07/24/2027)		3,142,000		3,086,032
3.52% to 10/27/2027 then 3 mo. Term SOFR + 1.41%, 10/27/2028 (Callable 10/27/2027)		11,500,000		11,226,350
4.54% to 09/19/2029 then SOFR + 1.34%, 09/19/2030 (Callable 09/19/2029)		28,350,000		28,382,877
4.41% to 03/31/2030 then SOFR + 3.91%, 03/31/2031 (Callable 03/31/2030)		26,105,000		25,923,822
2.57% to 06/03/2030 then SOFR + 2.11%, 06/03/2031 (Callable 06/03/2030)		25,000,000		22,497,829
2.56% to 05/01/2031 then SOFR + 1.17%, 05/01/2032 (Callable 05/01/2031)		6,000,000		5,273,534
2.52% to 11/03/2031 then SOFR + 1.18%, 11/03/2032 (Callable 11/03/2031)		11,085,000		9,620,836
3.79% to 03/17/2032 then SOFR + 1.94%, 03/17/2033 (Callable 03/17/2032)		18,000,000		16,861,691
6.27% to 11/17/2032 then SOFR + 2.34%, 11/17/2033 (Callable 11/17/2032)		29,000,000		31,856,958
Citizens Bank NA/Providence RI, 3.75%, 02/18/2026 (Callable 11/18/2025)		12,120,000		11,955,775
Citizens Financial Group, Inc.
2.85%, 07/27/2026 (Callable 04/27/2026)		10,000,000		9,683,334
5.84% to 01/23/2029 then SOFR + 2.01%, 01/23/2030 (Callable 01/23/2029)		10,000,000		10,402,704
3.25%, 04/30/2030 (Callable 01/30/2030)		28,025,000		25,968,549
6.65% to 04/25/2034 then SOFR + 2.33%, 04/25/2035 (Callable 04/25/2034)		10,000,000		10,978,929
CNA Financial Corp.
3.45%, 08/15/2027 (Callable 05/15/2027)		12,000,000		11,740,398
3.90%, 05/01/2029 (Callable 02/01/2029)		7,000,000		6,865,199
2.05%, 08/15/2030 (Callable 05/15/2030)		1,000,000		875,928
5.50%, 06/15/2033 (Callable 03/15/2033)		14,225,000		14,961,948
CNO Global Funding
5.88%, 06/04/2027 (a)		37,000,000		38,113,328
2.65%, 01/06/2029 (a)		10,000,000		9,151,223
Comerica Bank
4.00%, 07/27/2025		10,000,000		9,913,556
5.33% to 08/25/2032 then SOFR + 2.61%, 08/25/2033 (Callable 08/25/2032)		15,325,000		14,742,257
Commonwealth Bank of Australia
2.69%, 03/11/2031 (a)		41,000,000		36,096,800
3.78%, 03/14/2032 (a)		10,000,000		9,308,878
5.84%, 03/13/2034 (a)		16,000,000		16,876,427
3.61% to 09/12/2029 then 5 yr. CMT Rate + 2.05%, 09/12/2034 (Callable 09/12/2029) (a)		10,000,000		9,406,259
3.74%, 09/12/2039 (a)		23,500,000		20,087,035
Cooperatieve Rabobank UA
4.38%, 08/04/2025		20,397,000		20,289,745
3.75%, 07/21/2026		20,829,000		20,517,159
Corebridge Global Funding
5.20%, 01/12/2029 (a)		5,000,000		5,136,447
5.20%, 06/24/2029 (a)		10,000,000		10,319,096
Credit Agricole SA
4.38%, 03/17/2025 (a)		4,204,000		4,181,827
1.25% to 01/26/2026 then SOFR + 0.89%, 01/26/2027 (Callable 01/26/2026) (a)		20,000,000		19,116,536
4.63% to 09/11/2027 then SOFR + 1.00%, 09/11/2028 (Callable 09/11/2027) (a)		12,000,000		12,053,198
6.32% to 10/03/2028 then SOFR + 1.86%, 10/03/2029 (Callable 10/03/2028) (a)		22,000,000		23,393,346
3.25%, 01/14/2030 (a)		6,800,000		6,303,866
4.00% to 01/10/2028 then 5 yr. Swap Rate USD + 1.64%, 01/10/2033 (Callable 01/10/2028) (a)		8,000,000		7,704,939
5.51%, 07/05/2033 (a)		32,000,000		33,943,315
6.25% to 01/10/2034 then SOFR + 2.67%, 01/10/2035 (Callable 01/10/2034) (a)		7,000,000		7,470,849
Credit Agricole SA/London, 4.13%, 01/10/2027 (a)		17,867,000		17,767,638
Credit Suisse USA LLC, 7.13%, 07/15/2032		5,063,000		5,844,323
Danske Bank AS
1.62% to 09/11/2025 then 1 yr. CMT Rate + 1.35%, 09/11/2026 (Callable 09/11/2025) (a)		20,000,000		19,399,607
4.30% to 04/01/2027 then 1 yr. CMT Rate + 1.75%, 04/01/2028 (Callable 04/01/2027) (a)		8,530,000		8,496,400
4.61% to 10/02/2029 then 5 yr. CMT Rate + 1.10%, 10/02/2030 (Callable 10/02/2029) (a)		15,000,000		14,982,833
Deutsche Bank AG/New York NY
2.13% to 11/24/2025 then SOFR + 1.87%, 11/24/2026 (Callable 11/24/2025)		22,755,000		22,035,595
7.15% to 07/13/2026 then SOFR + 2.52%, 07/13/2027 (Callable 07/13/2026)		32,425,000		33,750,863
2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 (Callable 11/16/2026)		19,435,000		18,489,714
6.72% to 01/18/2028 then SOFR + 3.18%, 01/18/2029 (Callable 01/18/2028)		10,000,000		10,586,360
6.82% to 11/20/2028 then SOFR + 2.51%, 11/20/2029 (Callable 11/20/2028)		25,649,000		27,610,248
5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030 (Callable 09/11/2029)		15,750,000		15,834,993
3.73% to 01/14/2031 then SOFR + 2.76%, 01/14/2032 (Callable 10/14/2030)		5,053,000		4,534,760
3.04% to 05/28/2031 then SOFR + 1.72%, 05/28/2032 (Callable 05/28/2031)		14,000,000		12,469,302
3.74% to 01/07/2032 then SOFR + 2.26%, 01/07/2033 (Callable 10/07/2031)		55,215,000		48,326,331
Digital Realty Trust LP, 5.55%, 01/15/2028 (Callable 12/15/2027)		9,775,000		10,118,969
Discover Bank
3.45%, 07/27/2026 (Callable 04/27/2026)		22,000,000		21,536,734
5.97% to 08/09/2028 then 5 yr. Mid Swap Rate USD + 1.73%, 08/09/2028		5,564,000		5,745,488
4.65%, 09/13/2028 (Callable 06/13/2028)		32,508,000		32,516,937
Discover Financial Services
4.10%, 02/09/2027 (Callable 11/09/2026)		38,019,000		37,702,008
7.96% to 11/02/2033 then SOFR + 3.37%, 11/02/2034 (Callable 11/02/2033)		23,000,000		27,024,615
DNB Bank ASA
1.13% to 09/16/2025 then 1 yr. CMT Rate + 0.85%, 09/16/2026 (Callable 09/16/2025) (a)		2,000,000		1,933,006
1.54% to 05/25/2026 then 1 yr. CMT Rate + 0.72%, 05/25/2027 (Callable 05/25/2026) (a)		15,000,000		14,318,909
Elevance Health, Inc.
5.10%, 01/15/2044		1,584,000		1,565,663
4.38%, 12/01/2047 (Callable 06/01/2047)		8,650,000		7,658,242
5.13%, 02/15/2053 (Callable 08/15/2052)		8,150,000		7,997,100
Equitable Holdings, Inc., 4.57%, 02/15/2029 (Callable 11/15/2028) (a)		2,009,000		2,001,293
Extra Space Storage LP
3.50%, 07/01/2026 (Callable 04/01/2026)		6,819,000		6,729,560
5.70%, 04/01/2028 (Callable 03/01/2028)		10,000,000		10,407,760
5.50%, 07/01/2030 (Callable 05/01/2030)		10,000,000		10,453,650
2.55%, 06/01/2031 (Callable 03/01/2031)		10,000,000		8,706,381
Federation des Caisses Desjardins du Quebec
4.55%, 08/23/2027 (a)		11,000,000		11,046,958
5.70%, 03/14/2028 (a)		18,000,000		18,622,776
Fifth Third Bancorp, 4.77% to 07/28/2029 then SOFR + 2.13%, 07/28/2030 (Callable 07/28/2029)		7,525,000		7,583,108
Five Corners Funding Trust II, 2.85%, 05/15/2030 (Callable 02/15/2030) (a)		30,000,000		27,722,325
Five Corners Funding Trust III, 5.79%, 02/15/2033 (Callable 11/15/2032) (a)		8,000,000		8,584,341
Five Corners Funding Trust IV, 6.00%, 02/15/2053 (Callable 08/15/2052) (a)		10,000,000		11,002,574
FMR LLC, 4.95%, 02/01/2033 (a)		1,750,000		1,777,944
Globe Life, Inc., 4.55%, 09/15/2028 (Callable 06/15/2028)		5,000,000		4,995,074
Goldman Sachs Bank USA/New York NY, 5.41% to 05/21/2026 then SOFR + 0.75%, 05/21/2027 (Callable 05/21/2026)		30,000,000		30,485,614
Goldman Sachs Capital I, 6.35%, 02/15/2034		1,053,000		1,136,443
Goldman Sachs Group, Inc.
1.09% to 12/09/2025 then SOFR + 0.79%, 12/09/2026 (Callable 12/09/2025)		10,000,000		9,591,831
2.64% to 02/24/2027 then SOFR + 1.11%, 02/24/2028 (Callable 02/24/2027)		89,350,000		85,882,089
3.69% to 06/05/2027 then 3 mo. Term SOFR + 1.77%, 06/05/2028 (Callable 06/05/2027)		23,775,000		23,398,631
3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 (Callable 04/23/2028)		10,000,000		9,803,948
4.22% to 05/01/2028 then 3 mo. Term SOFR + 1.56%, 05/01/2029 (Callable 05/01/2028)		13,348,000		13,270,171
3.80%, 03/15/2030 (Callable 12/15/2029)		30,000,000		29,184,955
5.05% to 07/23/2029 then SOFR + 1.21%, 07/23/2030 (Callable 07/23/2029)		15,000,000		15,391,134
1.99% to 01/27/2031 then SOFR + 1.09%, 01/27/2032 (Callable 01/27/2031)		10,000,000		8,554,176
2.62% to 04/22/2031 then SOFR + 1.28%, 04/22/2032 (Callable 04/22/2031)		9,625,000		8,505,753
2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 (Callable 07/21/2031)		30,000,000		26,017,508
Guardian Life Global Funding, 5.55%, 10/28/2027 (a)		16,350,000		17,014,513
Guardian Life Insurance Co. of America
3.70%, 01/22/2070 (Callable 07/22/2069) (a)		15,062,000		10,994,271
4.85%, 01/24/2077 (a)		24,727,000		22,770,636
Hanover Insurance Group, Inc., 2.50%, 09/01/2030 (Callable 06/01/2030)		10,550,000		9,248,502
Health Care Service Corp. A Mutual Legal Reserve Co., 2.20%, 06/01/2030 (Callable 03/01/2030) (a)		6,125,000		5,445,046
Healthpeak OP LLC, 5.25%, 12/15/2032 (Callable 09/15/2032)		4,000,000		4,120,496
High Street Funding Trust II, 4.68%, 02/15/2048 (Callable 11/15/2047) (a)		2,000,000		1,712,564
Host Hotels & Resorts LP, 5.50%, 04/15/2035 (Callable 01/15/2035)		6,000,000		6,086,978
HSBC Bank USA NA, 7.00%, 01/15/2039		4,200,000		4,989,478
HSBC Holdings PLC
1.65% to 04/18/2025 then SOFR + 1.54%, 04/18/2026 (Callable 04/18/2025)		10,375,000		10,183,207
4.29% to 09/12/2025 then 3 mo. Term SOFR + 1.61%, 09/12/2026 (Callable 09/12/2025)		7,450,000		7,415,948
4.38%, 11/23/2026		5,000,000		4,978,992
6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029 (Callable 03/09/2028)		8,250,000		8,685,970
4.58% to 06/19/2028 then 3 mo. Term SOFR + 1.80%, 06/19/2029 (Callable 06/19/2028)		35,000,000		35,044,838
2.21% to 08/17/2028 then SOFR + 1.29%, 08/17/2029 (Callable 08/17/2028)		13,200,000		12,102,670
3.97% to 05/22/2029 then 3 mo. Term SOFR + 1.87%, 05/22/2030 (Callable 05/22/2029)		9,000,000		8,769,437
2.80% to 05/24/2031 then SOFR + 1.19%, 05/24/2032 (Callable 05/24/2031)		37,085,000		32,811,972
Huntington Bancshares, Inc./OH
4.44% to 08/04/2027 then SOFR + 1.97%, 08/04/2028 (Callable 08/04/2027)		9,500,000		9,512,322
5.02% to 05/17/2032 then SOFR + 2.05%, 05/17/2033 (Callable 05/17/2032)		3,775,000		3,747,458
5.71% to 02/02/2034 then SOFR + 1.87%, 02/02/2035 (Callable 02/02/2034)		10,150,000		10,566,717
Huntington National Bank
4.27%, 11/25/2026		4,600,000		4,526,503
5.65%, 01/10/2030 (Callable 11/10/2029)		1,500,000		1,569,780
ING Groep NV, 5.55% to 03/19/2034 then SOFR + 1.77%, 03/19/2035 (Callable 03/19/2034)		16,000,000		16,770,875
Invesco Finance PLC, 3.75%, 01/15/2026		4,900,000		4,861,910
Jackson National Life Global Funding
5.60%, 04/10/2026 (a)		11,300,000		11,462,152
5.55%, 07/02/2027 (a)		30,000,000		30,814,942
Janus Henderson US Holdings, Inc., 5.45%, 09/10/2034 (Callable 06/10/2034) (a)		10,000,000		9,953,710
Jefferies Financial Group, Inc.
4.15%, 01/23/2030		10,000,000		9,765,906
6.20%, 04/14/2034 (Callable 01/14/2034)		10,000,000		10,704,917
6.25%, 01/15/2036		1,390,000		1,503,174
JPMorgan Chase & Co.
2.01% to 03/13/2025 then 3 mo. Term SOFR + 1.59%, 03/13/2026 (Callable 03/13/2025)		50,000,000		49,333,046
1.58% to 04/22/2026 then SOFR + 0.89%, 04/22/2027 (Callable 04/22/2026)		50,000,000		47,898,463
1.47% to 09/22/2026 then SOFR + 0.77%, 09/22/2027 (Callable 09/22/2026)		11,875,000		11,247,829
5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 (Callable 04/22/2027)		3,000,000		3,093,207
4.98% to 07/22/2027 then SOFR + 0.93%, 07/22/2028 (Callable 07/22/2027)		42,500,000		43,328,823
4.85% to 07/25/2027 then SOFR + 1.99%, 07/25/2028 (Callable 07/25/2027)		29,000,000		29,505,714
5.30% to 07/24/2028 then SOFR + 1.45%, 07/24/2029 (Callable 07/24/2028)		10,000,000		10,347,031
6.09% to 10/23/2028 then SOFR + 1.57%, 10/23/2029 (Callable 10/23/2028)		30,000,000		31,980,950
3.70% to 05/06/2029 then 3 mo. Term SOFR + 1.42%, 05/06/2030 (Callable 05/06/2029)		15,000,000		14,589,393
2.52% to 04/22/2030 then SOFR + 2.04%, 04/22/2031 (Callable 04/22/2030)		28,000,000		25,432,669
1.95% to 02/04/2031 then SOFR + 1.07%, 02/04/2032 (Callable 02/04/2031)		22,000,000		18,903,889
2.58% to 04/22/2031 then 3 mo. Term SOFR + 1.25%, 04/22/2032 (Callable 04/22/2031)		10,000,000		8,918,348
5.35% to 06/01/2033 then SOFR + 1.85%, 06/01/2034 (Callable 06/01/2033)		2,500,000		2,616,038
5.77% to 04/22/2034 then SOFR + 1.49%, 04/22/2035 (Callable 04/22/2034)		26,500,000		28,556,869
5.60%, 07/15/2041		4,106,000		4,461,820
Kemper Corp., 3.80%, 02/23/2032 (Callable 11/23/2031)		8,000,000		7,272,051
KeyBank NA, 3.40%, 05/20/2026		18,965,000		18,522,114
KeyBank NA/Cleveland OH
4.90%, 08/08/2032		6,000,000		5,840,606
5.00%, 01/26/2033 (Callable 10/26/2032)		5,000,000		4,954,564
Liberty Mutual Group, Inc.
4.57%, 02/01/2029 (a)		2,087,000		2,096,077
3.95%, 10/15/2050 (Callable 04/15/2050) (a)		2,231,000		1,745,413
5.50%, 06/15/2052 (Callable 12/15/2051) (a)		5,000,000		4,922,004
Liberty Mutual Insurance Co., 7.70%, 10/15/2097 (a)		465,000		552,079
Lincoln National Corp., 3.05%, 01/15/2030 (Callable 10/15/2029)		24,650,000		22,866,635
Lloyds Banking Group PLC
1.63% to 05/11/2026 then 1 yr. CMT Rate + 0.85%, 05/11/2027 (Callable 05/11/2026)		10,000,000		9,555,023
3.57% to 11/07/2027 then 3 mo. LIBOR US + 1.21%, 11/07/2028 (Callable 11/07/2027) (b)		10,000,000		9,740,419
5.68% to 01/05/2034 then 1 yr. CMT Rate + 1.75%, 01/05/2035 (Callable 01/05/2034)		12,000,000		12,623,949
LPL Holdings, Inc.
6.75%, 11/17/2028 (Callable 10/17/2028)		23,030,000		24,766,375
4.38%, 05/15/2031 (Callable 05/15/2026) (a)		5,000,000		4,712,119
6.00%, 05/20/2034 (Callable 02/20/2034)		18,280,000		19,107,471
LXP Industrial Trust
6.75%, 11/15/2028 (Callable 10/15/2028)		11,974,000		12,810,452
2.70%, 09/15/2030 (Callable 06/15/2030)		14,800,000		13,163,170
2.38%, 10/01/2031 (Callable 07/01/2031)		5,747,000		4,813,094
Macquarie Airfinance Holdings Ltd., 6.40%, 03/26/2029 (Callable 02/26/2029) (a)		6,115,000		6,364,452
Macquarie Bank Ltd.
4.88%, 06/10/2025 (a)		23,717,000		23,693,222
3.62%, 06/03/2030 (a)		12,550,000		11,724,615
Macquarie Group Ltd.
1.34% to 01/12/2026 then SOFR + 1.07%, 01/12/2027 (Callable 01/12/2026) (a)		19,000,000		18,223,847
2.87% to 01/14/2032 then SOFR + 1.53%, 01/14/2033 (Callable 01/14/2032) (a)		25,000,000		21,714,819
4.44% to 06/21/2032 then SOFR + 2.41%, 06/21/2033 (Callable 06/21/2032) (a)		9,000,000		8,757,851
6.26% to 12/07/2033 then SOFR + 2.30%, 12/07/2034 (Callable 12/07/2033) (a)		12,500,000		13,585,078
Manulife Financial Corp.
4.15%, 03/04/2026		10,000,000		9,976,643
5.38%, 03/04/2046		5,150,000		5,329,370
Maple Grove Funding Trust I, 4.16%, 08/15/2051 (Callable 02/15/2051) (a)		28,600,000		20,625,769
Marsh & McLennan Cos., Inc.
2.25%, 11/15/2030 (Callable 08/15/2030)		5,000,000		4,473,722
5.88%, 08/01/2033		8,429,000		9,246,424
4.35%, 01/30/2047 (Callable 07/30/2046)		3,450,000		3,069,592
5.45%, 03/15/2053 (Callable 09/15/2052)		3,700,000		3,847,315
Massachusetts Mutual Life Insurance Co.
5.67%, 12/01/2052 (Callable 06/01/2052) (a)		20,000,000		20,590,434
5.08% (3 mo. LIBOR US + 3.19%), 02/15/2069 (Callable 02/15/2049) (a)(b)		40,670,000		37,446,081
3.73%, 10/15/2070 (a)		16,676,000		12,093,936
4.90%, 04/01/2077 (a)		11,175,000		9,948,156
MBIA Insurance Corp., 16.82% (3 mo. Term SOFR + 11.52%), 01/15/2033 (Callable 01/15/2028) (a)(c)		714,000		36,593
MetLife, Inc., 4.88%, 11/13/2043		3,375,000		3,318,099
Metropolitan Life Global Funding I
2.95%, 04/09/2030 (a)		22,375,000		20,864,360
1.55%, 01/07/2031 (a)		650,000		546,047
5.15%, 03/28/2033 (a)		19,475,000		20,213,688
Metropolitan Life Insurance Co., 7.80%, 11/01/2025 (a)		6,300,000		6,497,867
Mitsubishi UFJ Financial Group, Inc.
1.54% to 07/20/2026 then 1 yr. CMT Rate + 0.75%, 07/20/2027 (Callable 07/20/2026)		10,000,000		9,519,752
5.02% to 07/20/2027 then 1 yr. CMT Rate + 1.95%, 07/20/2028 (Callable 07/20/2027)		6,700,000		6,836,672
5.35% to 09/13/2027 then 1 yr. CMT Rate + 1.90%, 09/13/2028 (Callable 09/13/2027)		13,600,000		14,005,837
5.48% to 02/22/2030 then 1 yr. CMT Rate + 1.53%, 02/22/2031 (Callable 02/22/2030)		3,525,000		3,697,672
5.43% to 04/17/2034 then 1 yr. CMT Rate + 1.00%, 04/17/2035 (Callable 04/17/2034)		7,000,000		7,358,909
Mizuho Financial Group, Inc.
1.23% to 05/22/2026 then 1 yr. CMT Rate + 0.67%, 05/22/2027 (Callable 05/22/2026)		8,000,000		7,600,460
5.41% to 09/13/2027 then 1 yr. CMT Rate + 2.05%, 09/13/2028 (Callable 09/13/2027)		6,725,000		6,933,148
1.98% to 09/08/2030 then 3 mo. Term SOFR + 1.53%, 09/08/2031 (Callable 09/08/2030)		10,000,000		8,641,472
Morgan Stanley
3.59% (3 mo. LIBOR US + 134.00%), 07/22/2028 (Callable 07/22/2027) (b)		12,000,000		11,758,248
6.30% to 10/18/2027 then SOFR + 2.24%, 10/18/2028 (Callable 10/18/2027)		62,625,000		66,204,770
3.77% to 01/24/2028 then 3 mo. Term SOFR + 1.40%, 01/24/2029 (Callable 01/24/2028)		1,000,000		983,531
5.12% to 02/01/2028 then SOFR + 1.73%, 02/01/2029 (Callable 02/01/2028)		8,300,000		8,509,508
3.62% to 04/01/2030 then SOFR + 3.12%, 04/01/2031 (Callable 04/01/2030)		10,000,000		9,601,655
1.93% to 04/28/2031 then SOFR + 1.02%, 04/28/2032 (Callable 04/28/2031)		25,000,000		21,211,184
2.24% to 07/21/2031 then SOFR + 1.18%, 07/21/2032 (Callable 07/21/2031)		25,000,000		21,523,483
6.34% to 10/18/2032 then SOFR + 2.56%, 10/18/2033 (Callable 10/18/2032)		20,000,000		22,240,701
5.42% to 07/21/2033 then SOFR + 1.88%, 07/21/2034 (Callable 07/21/2033)		8,000,000		8,342,844
Mutual of Omaha Cos. Global Funding, 5.35%, 04/09/2027 (a)		12,000,000		12,312,537
Mutual of Omaha Insurance Co., 6.14% to 01/16/2054 then 10 yr. CMT Rate + 2.95%, 01/16/2064 (Callable 10/16/2053) (a)		9,500,000		10,139,497
National Australia Bank Ltd.
2.33%, 08/21/2030 (a)		83,282,000		72,557,191
2.99%, 05/21/2031 (a)		19,911,000		17,709,869
6.43%, 01/12/2033 (a)		28,262,000		30,861,668
3.93% to 08/02/2029 then 5 yr. CMT Rate + 1.88%, 08/02/2034 (Callable 08/02/2029) (a)		10,000,000		9,560,130
3.35% to 01/12/2032 then 5 yr. CMT Rate + 1.70%, 01/12/2037 (Callable 01/12/2032) (a)		10,000,000		8,912,292
National Bank of Canada, 5.60%, 12/18/2028		13,000,000		13,590,107
Nationwide Building Society
4.00%, 09/14/2026 (a)		73,507,000		72,460,896
4.30% to 03/08/2028 then 3 mo. LIBOR US + 1.45%, 03/08/2029 (Callable 03/08/2028) (a)(b)		2,798,000		2,771,715
3.96% to 07/18/2029 then 3 mo. LIBOR US + 1.86%, 07/18/2030 (Callable 07/18/2029) (a)(b)		27,327,000		26,572,256
Nationwide Financial Services, Inc., 3.90%, 11/30/2049 (Callable 05/30/2049) (a)		10,000,000		7,981,624
Nationwide Mutual Insurance Co.
9.38%, 08/15/2039 (a)		18,190,000		24,475,235
4.35%, 04/30/2050 (Callable 10/30/2049) (a)		25,000,000		20,244,124
NatWest Group PLC
5.85% to 03/02/2026 then 1 yr. CMT Rate + 1.35%, 03/02/2027 (Callable 03/02/2026)		13,000,000		13,230,823
1.64% to 06/14/2026 then 1 yr. CMT Rate + 0.90%, 06/14/2027 (Callable 06/14/2026)		35,000,000		33,362,209
3.07% to 05/22/2027 then 1 yr. CMT Rate + 2.55%, 05/22/2028 (Callable 05/22/2027)		18,301,000		17,681,323
5.52% to 09/30/2027 then 1 yr. CMT Rate + 2.27%, 09/30/2028 (Callable 09/30/2027)		10,000,000		10,318,881
4.89% to 05/18/2028 then 3 mo. LIBOR US + 1.75%, 05/18/2029 (Callable 05/18/2028) (b)		10,000,000		10,104,125
5.81% to 09/13/2028 then 1 yr. CMT Rate + 1.95%, 09/13/2029 (Callable 09/13/2028)		45,500,000		47,647,440
5.08% to 01/27/2029 then 3 mo. LIBOR US + 1.91%, 01/27/2030 (Callable 01/27/2029) (b)		7,000,000		7,130,228
4.45% to 05/08/2029 then 3 mo. LIBOR US + 1.87%, 05/08/2030 (Callable 05/08/2029) (b)		35,000,000		34,755,986
6.02% to 03/02/2033 then 1 yr. CMT Rate + 2.10%, 03/02/2034 (Callable 03/02/2033)		4,700,000		5,080,510
5.78% to 03/01/2034 then 1 yr. CMT Rate + 1.50%, 03/01/2035 (Callable 03/01/2034)		12,000,000		12,761,001
NatWest Markets PLC, 5.42%, 05/17/2027 (a)		38,500,000		39,515,270
New York Life Global Funding, 5.00%, 06/06/2029 (a)		18,000,000		18,674,417
New York Life Insurance Co.
6.75%, 11/15/2039 (a)		12,026,000		14,153,626
3.75%, 05/15/2050 (Callable 11/15/2049) (a)		17,000,000		13,624,201
4.45%, 05/15/2069 (Callable 11/15/2068) (a)		15,000,000		13,001,025
NNN REIT, Inc., 5.50%, 06/15/2034 (Callable 03/15/2034)		6,800,000		7,075,822
Nomura Holdings, Inc.
1.65%, 07/14/2026		32,975,000		31,401,710
5.59%, 07/02/2027		20,000,000		20,603,405
5.39%, 07/06/2027		10,000,000		10,212,304
2.17%, 07/14/2028		16,055,000		14,715,768
2.71%, 01/22/2029		8,000,000		7,406,840
3.10%, 01/16/2030		2,000,000		1,849,270
Old Republic International Corp., 5.75%, 03/28/2034 (Callable 12/28/2033)		15,000,000		15,733,970
Peachtree Corners Funding Trust, 3.98%, 02/15/2025 (a)		12,295,000		12,232,137
Penn Mutual Life Insurance Co., 3.80%, 04/29/2061 (a)		17,038,000		11,774,582
Pine Street Trust III, 6.22%, 05/15/2054 (Callable 11/15/2053) (a)		10,000,000		10,840,473
Principal Life Global Funding II
3.00%, 04/18/2026 (a)		13,400,000		13,146,726
5.50%, 06/28/2028 (a)		40,500,000		41,895,110
5.10%, 01/25/2029 (a)		13,725,000		14,140,260
Prologis LP
4.75%, 06/15/2033 (Callable 03/15/2033)		19,425,000		19,687,426
5.13%, 01/15/2034 (Callable 10/15/2033)		21,575,000		22,306,635
Protective Life Corp.
4.30%, 09/30/2028 (Callable 06/30/2028) (a)		10,000,000		9,961,842
8.45%, 10/15/2039		2,650,000		3,431,090
Protective Life Global Funding
5.21%, 04/14/2026 (a)		32,900,000		33,342,518
5.22%, 06/12/2029 (a)		15,000,000		15,575,527
Prudential Financial, Inc.
6.63%, 12/01/2037		5,000,000		5,832,987
3.94%, 12/07/2049 (Callable 06/07/2049)		11,426,000		9,449,487
Raymond James Financial, Inc., 4.65%, 04/01/2030 (Callable 01/01/2030)		9,700,000		9,925,248
Realty Income Corp.
4.70%, 12/15/2028 (Callable 11/15/2028)		6,625,000		6,722,220
5.63%, 10/13/2032 (Callable 07/13/2032)		6,725,000		7,147,854
Regions Financial Corp., 2.25%, 05/18/2025 (Callable 04/18/2025)		21,650,000		21,268,511
Reliance Standard Life Global Funding II, 2.50%, 10/30/2024 (a)		22,800,000		22,749,053
Royal Bank of Canada, 4.65%, 01/27/2026		7,773,000		7,787,096
Sammons Financial Group, Inc.
3.35%, 04/16/2031 (Callable 01/16/2031) (a)		14,350,000		12,510,024
4.75%, 04/08/2032 (Callable 01/08/2032) (a)		23,000,000		21,628,187
Santander UK Group Holdings PLC
1.67% to 06/14/2026 then SOFR + 0.99%, 06/14/2027 (Callable 06/14/2026)		9,500,000		9,036,482
6.53% to 01/10/2028 then SOFR + 2.60%, 01/10/2029 (Callable 01/10/2028)		27,600,000		29,241,081
Skandinaviska Enskilda Banken AB, 5.38%, 03/05/2029 (a)		10,000,000		10,389,659
SMBC Aviation Capital Finance DAC
1.90%, 10/15/2026 (Callable 09/15/2026) (a)		6,725,000		6,375,668
5.45%, 05/03/2028 (Callable 04/03/2028) (a)		7,000,000		7,189,990
5.70%, 07/25/2033 (Callable 04/25/2033) (a)		33,475,000		34,927,317
5.55%, 04/03/2034 (Callable 01/03/2034) (a)		32,800,000		33,819,768
Societe Generale SA
2.63%, 01/22/2025 (a)		41,125,000		40,776,511
2.23% to 01/21/2025 then 1 yr. CMT Rate + 1.05%, 01/21/2026 (Callable 01/21/2025) (a)		21,032,000		20,831,728
1.49% to 12/14/2025 then 1 yr. CMT Rate + 1.10%, 12/14/2026 (Callable 12/14/2025) (a)		28,800,000		27,585,484
2.80% to 01/19/2027 then 1 yr. CMT Rate + 1.30%, 01/19/2028 (Callable 01/19/2027) (a)		2,225,000		2,125,816
5.63% to 01/19/2029 then 1 yr. CMT Rate + 1.75%, 01/19/2030 (Callable 01/19/2029) (a)		13,000,000		13,320,172
2.89% to 06/09/2031 then 1 yr. CMT Rate + 1.30%, 06/09/2032 (Callable 06/09/2031) (a)		6,775,000		5,873,692
3.34% to 01/21/2032 then 1 yr. CMT Rate + 1.60%, 01/21/2033 (Callable 01/21/2032) (a)		11,816,000		10,385,965
6.22% to 06/15/2032 then 1 yr. CMT Rate + 3.20%, 06/15/2033 (Callable 06/15/2032) (a)		9,150,000		9,446,598
6.07% to 01/19/2034 then 1 yr. CMT Rate + 2.10%, 01/19/2035 (Callable 01/19/2034) (a)		17,000,000		17,732,885
3.63%, 03/01/2041 (a)		12,000,000		8,672,622
Standard Chartered PLC
2.82% to 01/30/2025 then 3 mo. LIBOR US + 1.21%, 01/30/2026 (Callable 01/30/2025) (a)(b)		21,000,000		20,822,375
1.46% to 01/14/2026 then 1 yr. CMT Rate + 1.00%, 01/14/2027 (Callable 01/14/2026) (a)		20,658,000		19,805,444
2.61% to 01/12/2027 then 1 yr. CMT Rate + 1.18%, 01/12/2028 (Callable 01/12/2027) (a)		24,000,000		22,904,060
7.77% to 11/16/2027 then 1 yr. CMT Rate + 3.45%, 11/16/2028 (Callable 11/16/2027) (a)		8,000,000		8,731,090
6.30% to 01/09/2028 then 1 yr. CMT Rate + 2.45%, 01/09/2029 (Callable 01/09/2028) (a)		4,000,000		4,208,191
2.68% to 06/29/2031 then 1 yr. CMT Rate + 1.20%, 06/29/2032 (Callable 06/29/2031) (a)		14,700,000		12,808,066
6.30% to 07/06/2033 then 1 yr. CMT Rate + 2.58%, 07/06/2034 (Callable 07/06/2033) (a)		13,850,000		15,004,045
5.91% to 05/14/2034 then 1 yr. CMT Rate + 1.45%, 05/14/2035 (Callable 05/14/2034) (a)		26,000,000		27,512,812
Stifel Financial Corp., 4.00%, 05/15/2030 (Callable 02/15/2030)		51,140,000		49,117,112
Sumitomo Mitsui Financial Group, Inc.
2.13%, 07/08/2030		7,575,000		6,681,364
5.85%, 07/13/2030		20,000,000		21,384,362
5.77%, 01/13/2033		33,650,000		36,182,274
Svenska Handelsbanken AB, 5.50%, 06/15/2028 (a)		15,250,000		15,774,957
Swedbank AB
6.14%, 09/12/2026 (a)		24,400,000		25,187,195
5.41%, 03/14/2029 (a)		29,250,000		30,296,481
Synchrony Bank, 5.63%, 08/23/2027 (Callable 07/23/2027)		18,250,000		18,576,860
Synchrony Financial
4.50%, 07/23/2025 (Callable 04/23/2025)		23,127,000		22,993,124
3.70%, 08/04/2026 (Callable 05/04/2026)		23,023,000		22,597,907
3.95%, 12/01/2027 (Callable 09/01/2027)		44,825,000		43,521,820
2.88%, 10/28/2031 (Callable 07/28/2031)		5,000,000		4,244,603
Toronto-Dominion Bank, 4.46%, 06/08/2032		19,000,000		18,876,382
Travelers Cos., Inc., 5.45%, 05/25/2053 (Callable 11/25/2052)		4,000,000		4,272,887
Trinity Acquisition PLC
4.40%, 03/15/2026 (Callable 12/15/2025)		27,305,000		27,235,492
6.13%, 08/15/2043		22,561,000		23,276,935
Truist Bank, 3.30%, 05/15/2026 (Callable 04/15/2026)		3,925,000		3,853,932
Truist Financial Corp.
7.16% to 10/30/2028 then SOFR + 2.45%, 10/30/2029 (Callable 10/30/2028)		8,000,000		8,768,989
5.12% to 01/26/2033 then SOFR + 1.85%, 01/26/2034 (Callable 01/26/2033)		12,000,000		12,131,847
Trustage Financial Group, Inc., 4.63%, 04/15/2032 (Callable 01/15/2032) (a)		2,205,000		2,032,799
UBS Group AG
4.55%, 04/17/2026		7,000,000		7,017,604
2.19% to 06/05/2025 then SOFR + 2.04%, 06/05/2026 (Callable 06/05/2025) (a)		15,000,000		14,723,854
5.71% (1 yr. CMT Rate + 1.55%), 01/12/2027 (Callable 01/12/2026) (a)		4,078,000		4,133,523
1.36% to 01/30/2026 then 1 yr. CMT Rate + 1.08%, 01/30/2027 (Callable 01/30/2026) (a)		21,397,000		20,483,037
1.31% to 02/02/2026 then SOFR + 0.98%, 02/02/2027 (Callable 02/02/2026) (a)		40,000,000		38,253,600
1.49% to 08/10/2026 then 1 yr. CMT Rate + 0.85%, 08/10/2027 (Callable 08/10/2026) (a)		9,000,000		8,504,905
4.28%, 01/09/2028 (Callable 01/09/2027) (a)		17,403,000		17,274,847
4.25%, 03/23/2028 (Callable 03/23/2027) (a)		17,150,000		17,016,901
3.87% to 01/12/2028 then 3 mo. LIBOR US + 1.41%, 01/12/2029 (Callable 01/12/2028) (a)(b)		34,500,000		33,756,602
4.19% to 04/01/2030 then SOFR + 3.73%, 04/01/2031 (Callable 04/01/2030) (a)		20,000,000		19,533,292
2.10% to 02/11/2031 then 1 yr. CMT Rate + 1.00%, 02/11/2032 (Callable 02/11/2031) (a)		43,570,000		37,111,881
3.09% to 05/14/2031 then SOFR + 1.73%, 05/14/2032 (Callable 05/14/2031) (a)		10,000,000		9,017,533
6.54% to 08/12/2032 then SOFR + 3.92%, 08/12/2033 (Callable 08/12/2032) (a)		6,000,000		6,624,252
UnitedHealth Group, Inc.
2.75%, 05/15/2040 (Callable 11/15/2039)		7,000,000		5,358,005
4.75%, 05/15/2052 (Callable 11/15/2051)		8,275,000		7,891,078
Wells Fargo & Co.
3.00%, 04/22/2026		3,000,000		2,947,219
3.53% to 03/24/2027 then SOFR + 1.51%, 03/24/2028 (Callable 03/24/2027)		3,199,000		3,138,424
5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 (Callable 04/22/2027)		10,000,000		10,325,901
2.39% to 06/02/2027 then SOFR + 2.10%, 06/02/2028 (Callable 06/02/2027)		64,086,000		60,934,056
4.81% to 07/25/2027 then SOFR + 1.98%, 07/25/2028 (Callable 07/25/2027)		23,000,000		23,268,598
5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029 (Callable 07/25/2028)		30,225,000		31,446,229
3.35% to 03/02/2032 then SOFR + 1.50%, 03/02/2033 (Callable 03/02/2032)		5,000,000		4,570,878
5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034 (Callable 04/24/2033)		23,925,000		24,814,887
6.49% to 10/23/2033 then SOFR + 2.06%, 10/23/2034 (Callable 10/23/2033)		25,000,000		27,936,747
5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035 (Callable 01/23/2034)		10,650,000		11,164,280
3.07% to 04/30/2040 then SOFR + 2.53%, 04/30/2041 (Callable 04/30/2040)		25,000,000		19,715,791
3.90%, 05/01/2045		5,000,000		4,278,808
5.01% to 04/04/2050 then 3 mo. Term SOFR + 4.50%, 04/04/2051 (Callable 04/04/2050)		7,000,000		6,863,389
Wells Fargo Bank NA, 5.85%, 02/01/2037		10,000,000		10,792,528
Western & Southern Financial Group, Inc., 5.75%, 07/15/2033 (a)		8,300,000		8,814,359
Westpac Banking Corp.
2.89% to 02/04/2025 then 5 yr. CMT Rate + 1.35%, 02/04/2030 (Callable 02/04/2025)		11,425,000		11,327,858
4.32% to 11/23/2026 then 5 yr. Mid Swap Rate USD + 2.24%, 11/23/2031 (Callable 11/23/2026)		8,350,000		8,290,804
5.41% to 08/10/2032 then 1 yr. CMT Rate + 2.68%, 08/10/2033 (Callable 08/10/2032)		5,000,000		5,123,531
6.82%, 11/17/2033		4,350,000		4,920,018
4.11% to 07/24/2029 then 5 yr. CMT Rate + 2.00%, 07/24/2034 (Callable 07/24/2029)		10,000,000		9,670,968
2.67% to 11/15/2030 then 5 yr. CMT Rate + 1.75%, 11/15/2035 (Callable 11/15/2030)		13,600,000		11,865,925
4.42%, 07/24/2039		10,000,000		9,467,426
Willis North America, Inc.
4.65%, 06/15/2027 (Callable 05/15/2027)		8,525,000		8,592,724
2.95%, 09/15/2029 (Callable 06/15/2029)		7,500,000		6,958,501
5.35%, 05/15/2033 (Callable 02/15/2033)		11,425,000		11,760,709
5.05%, 09/15/2048 (Callable 03/15/2048)		10,200,000		9,546,242
5.90%, 03/05/2054 (Callable 09/05/2053)		23,750,000		24,917,999
WP Carey, Inc., 5.38%, 06/30/2034 (Callable 03/30/2034)		10,000,000		10,222,665
				7,773,239,452
Industrials - 18.9%
AbbVie, Inc.
2.95%, 11/21/2026 (Callable 09/21/2026)		9,625,000		9,422,279
4.55%, 03/15/2035 (Callable 09/15/2034)		26,098,000		26,104,476
4.50%, 05/14/2035 (Callable 11/14/2034)		17,395,000		17,339,305
4.30%, 05/14/2036 (Callable 11/14/2035)		6,000,000		5,842,597
4.05%, 11/21/2039 (Callable 05/21/2039)		12,700,000		11,731,167
Adventist Health System/West
2.95%, 03/01/2029 (Callable 12/01/2028)		19,250,000		17,869,949
3.63%, 03/01/2049 (Callable 09/01/2048)		9,000,000		6,734,931
AGCO Corp., 5.80%, 03/21/2034 (Callable 12/21/2033)		13,500,000		14,116,903
Agilent Technologies, Inc., 2.10%, 06/04/2030 (Callable 03/04/2030)		14,000,000		12,397,690
Air Products and Chemicals, Inc., 2.70%, 05/15/2040 (Callable 11/15/2039)		10,425,000		7,996,170
Aker BP ASA
2.00%, 07/15/2026 (Callable 06/15/2026) (a)		11,348,000		10,866,076
5.60%, 06/13/2028 (Callable 05/13/2028) (a)		15,500,000		16,056,193
6.00%, 06/13/2033 (Callable 03/13/2033) (a)		26,500,000		27,773,563
5.13%, 10/01/2034 (Callable 07/01/2034) (a)		23,000,000		22,726,916
Alcon Finance Corp.
2.75%, 09/23/2026 (Callable 07/23/2026) (a)		14,770,000		14,328,242
3.80%, 09/23/2049 (Callable 03/23/2049) (a)		7,000,000		5,670,515
Allegion PLC, 3.50%, 10/01/2029 (Callable 07/01/2029)		21,494,000		20,493,309
Allegion US Holding Co., Inc.
3.20%, 10/01/2024 (Callable 10/01/2024)		29,750,000		29,750,000
3.55%, 10/01/2027 (Callable 07/01/2027)		11,975,000		11,698,595
5.41%, 07/01/2032 (Callable 04/01/2032)		12,675,000		13,199,134
5.60%, 05/29/2034 (Callable 02/28/2034)		10,000,000		10,451,211
Amgen, Inc.
3.15%, 02/21/2040 (Callable 08/21/2039)		13,350,000		10,653,700
4.40%, 05/01/2045 (Callable 11/01/2044)		12,300,000		11,040,668
4.20%, 02/22/2052 (Callable 08/22/2051)		4,000,000		3,405,096
5.65%, 03/02/2053 (Callable 09/02/2052)		36,925,000		38,842,474
Anglo American Capital PLC
4.88%, 05/14/2025 (a)		3,376,000		3,373,324
4.75%, 04/10/2027 (a)		10,000,000		10,048,374
4.50%, 03/15/2028 (Callable 12/15/2027) (a)		2,570,000		2,561,576
5.63%, 04/01/2030 (Callable 01/01/2030) (a)		10,439,000		10,849,680
2.63%, 09/10/2030 (Callable 06/10/2030) (a)		35,000,000		31,151,243
5.75%, 04/05/2034 (Callable 01/05/2034) (a)		30,000,000		31,317,672
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/2046 (Callable 08/01/2045)		52,184,000		51,393,103
Anheuser-Busch InBev Worldwide, Inc.
4.75%, 01/23/2029 (Callable 10/23/2028)		4,075,000		4,181,158
4.38%, 04/15/2038 (Callable 10/15/2037)		7,000,000		6,751,543
5.45%, 01/23/2039 (Callable 07/23/2038)		20,000,000		21,409,798
Apple, Inc., 2.65%, 05/11/2050 (Callable 11/11/2049)		10,000,000		6,902,342
AptarGroup, Inc., 3.60%, 03/15/2032 (Callable 12/15/2031)		7,500,000		6,837,394
ArcelorMittal SA
4.55%, 03/11/2026		13,000,000		12,981,569
6.55%, 11/29/2027 (Callable 10/29/2027)		14,600,000		15,496,686
6.80%, 11/29/2032 (Callable 08/29/2032)		25,000,000		27,887,799
6.00%, 06/17/2034 (Callable 03/17/2034)		14,000,000		14,857,202
7.00%, 10/15/2039		15,906,000		18,059,794
6.35%, 06/17/2054 (Callable 12/17/2053)		9,000,000		9,393,677
Ashtead Capital, Inc.
4.00%, 05/01/2028 (Callable 10/15/2024) (a)		8,010,000		7,802,056
5.50%, 08/11/2032 (Callable 05/11/2032) (a)		38,369,000		39,254,114
5.55%, 05/30/2033 (Callable 02/28/2033) (a)		15,000,000		15,350,442
5.95%, 10/15/2033 (Callable 07/15/2033) (a)		10,000,000		10,532,640
5.80%, 04/15/2034 (Callable 01/15/2034) (a)		11,000,000		11,495,413
AT&T, Inc.
2.55%, 12/01/2033 (Callable 09/01/2033)		22,965,000		19,356,911
5.40%, 02/15/2034 (Callable 11/15/2033)		12,000,000		12,591,270
4.90%, 08/15/2037 (Callable 02/14/2037)		20,000,000		19,855,342
3.50%, 09/15/2053 (Callable 03/15/2053)		10,000,000		7,346,739
3.55%, 09/15/2055 (Callable 03/15/2055)		60,110,000		43,966,533
3.80%, 12/01/2057 (Callable 06/01/2057)		19,423,000		14,705,820
3.65%, 09/15/2059 (Callable 03/15/2059)		49,359,000		35,812,727
Bacardi Ltd. / Bacardi-Martini BV, 5.40%, 06/15/2033 (Callable 03/15/2033) (a)		15,000,000		15,272,075
BAE Systems PLC
1.90%, 02/15/2031 (Callable 11/15/2030) (a)		18,500,000		15,801,804
5.50%, 03/26/2054 (Callable 09/26/2053) (a)		7,200,000		7,545,706
Bayer US Finance II LLC
5.50%, 08/15/2025 (a)		14,400,000		14,419,116
4.25%, 12/15/2025 (Callable 10/15/2025) (a)		14,440,000		14,335,583
Bayer US Finance LLC, 6.25%, 01/21/2029 (Callable 12/21/2028) (a)		15,000,000		15,856,623
Bayport Polymers LLC, 4.74%, 04/14/2027 (Callable 03/14/2027) (a)		61,325,000		61,100,982
Becle SAB de CV, 2.50%, 10/14/2031 (Callable 07/14/2031) (a)		39,193,000		32,681,495
Becton Dickinson & Co.
2.82%, 05/20/2030 (Callable 02/20/2030)		15,000,000		13,838,818
4.88%, 05/15/2044 (Callable 11/15/2043)		6,815,000		6,277,550
Bell Telephone Co. of Canada or Bell Canada
5.10%, 05/11/2033 (Callable 02/11/2033)		11,000,000		11,239,325
4.46%, 04/01/2048 (Callable 10/01/2047)		1,225,000		1,086,392
Berry Global, Inc.
5.50%, 04/15/2028 (Callable 03/15/2028)		19,345,000		19,822,500
5.80%, 06/15/2031 (Callable 04/15/2031) (a)		31,000,000		32,255,813
Bimbo Bakeries USA, Inc., 4.00%, 05/17/2051 (Callable 11/17/2050) (a)		20,009,000		16,086,473
Boardwalk Pipelines LP
4.95%, 12/15/2024 (Callable 11/01/2024)		27,631,000		27,598,499
5.95%, 06/01/2026 (Callable 03/01/2026)		28,506,000		29,023,950
4.45%, 07/15/2027 (Callable 04/15/2027)		14,877,000		14,904,026
4.80%, 05/03/2029 (Callable 02/03/2029)		16,918,000		17,001,664
3.40%, 02/15/2031 (Callable 11/15/2030)		5,825,000		5,350,286
3.60%, 09/01/2032 (Callable 06/01/2032)		25,550,000		23,104,059
5.63%, 08/01/2034 (Callable 05/01/2034)		9,825,000		10,134,617
Boeing Co.
2.20%, 02/04/2026 (Callable 10/15/2024)		47,500,000		45,741,974
5.04%, 05/01/2027 (Callable 03/01/2027)		5,140,000		5,155,552
5.15%, 05/01/2030 (Callable 02/01/2030)		26,150,000		26,212,820
Bon Secours Mercy Health, Inc.
3.46%, 06/01/2030 (Callable 12/01/2029)		8,000,000		7,686,105
3.21%, 06/01/2050 (Callable 12/01/2049)		10,800,000		7,899,413
BorgWarner, Inc., 4.95%, 08/15/2029 (Callable 07/15/2029)		7,200,000		7,319,805
BP Capital Markets America, Inc.
4.81%, 02/13/2033 (Callable 11/13/2032)		7,600,000		7,701,641
4.89%, 09/11/2033 (Callable 06/11/2033)		8,350,000		8,496,142
Bristol-Myers Squibb Co., 3.70%, 03/15/2052 (Callable 09/15/2051)		10,000,000		7,944,866
British Telecommunications PLC, 9.63%, 12/15/2030		66,873,000		84,448,112
Broadcom, Inc.
4.00%, 04/15/2029 (Callable 02/15/2029) (a)		6,000,000		5,909,811
4.75%, 04/15/2029 (Callable 01/15/2029)		43,900,000		44,594,449
5.00%, 04/15/2030 (Callable 01/15/2030)		11,000,000		11,375,715
4.15%, 11/15/2030 (Callable 08/15/2030)		6,000,000		5,925,077
4.15%, 04/15/2032 (Callable 01/15/2032) (a)		18,000,000		17,463,512
3.47%, 04/15/2034 (Callable 01/15/2034) (a)		15,000,000		13,507,439
3.14%, 11/15/2035 (Callable 08/15/2035) (a)		12,000,000		10,261,623
3.50%, 02/15/2041 (Callable 08/15/2040) (a)		21,000,000		17,270,350
Broadridge Financial Solutions, Inc., 2.90%, 12/01/2029 (Callable 09/01/2029)		11,300,000		10,475,672
Brunswick Corp./DE, 5.85%, 03/18/2029 (Callable 02/18/2029)		20,000,000		20,644,870
Bunge Ltd. Finance Corp., 3.25%, 08/15/2026 (Callable 05/15/2026)		11,550,000		11,364,734
Burlington Northern Santa Fe LLC, 4.15%, 04/01/2045 (Callable 10/01/2044)		3,000,000		2,678,942
Cameron LNG LLC, 3.30%, 01/15/2035 (Callable 09/15/2034) (a)		20,000,000		17,260,049
Canadian Natural Resources Ltd., 6.50%, 02/15/2037		982,000		1,070,332
Canadian Pacific Railway Co.
4.70%, 05/01/2048 (Callable 11/01/2047)		10,075,000		9,447,548
3.50%, 05/01/2050 (Callable 11/01/2049)		12,000,000		9,335,224
Cargill, Inc., 4.75%, 04/24/2033 (Callable 01/24/2033) (a)		10,200,000		10,363,044
Carlisle Cos., Inc., 2.75%, 03/01/2030 (Callable 12/01/2029)		16,000,000		14,698,517
Carrier Global Corp.
2.49%, 02/15/2027 (Callable 12/15/2026)		25,975,000		25,100,487
2.72%, 02/15/2030 (Callable 11/15/2029)		6,861,000		6,343,099
2.70%, 02/15/2031 (Callable 11/15/2030)		18,500,000		16,708,121
5.90%, 03/15/2034 (Callable 12/15/2033)		12,423,000		13,558,562
3.38%, 04/05/2040 (Callable 10/05/2039)		10,000,000		8,261,015
6.20%, 03/15/2054 (Callable 09/15/2053)		2,448,000		2,826,618
CBRE Services, Inc., 5.95%, 08/15/2034 (Callable 05/15/2034)		20,000,000		21,479,405
CCL Industries, Inc., 3.05%, 06/01/2030 (Callable 03/01/2030) (a)		20,000,000		18,347,594
CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026 (Callable 11/01/2026)		9,000,000		8,659,238
Celanese US Holdings LLC
6.33%, 07/15/2029 (Callable 05/15/2029)		8,675,000		9,199,192
6.55%, 11/15/2030 (Callable 09/15/2030)		15,000,000		16,168,325
Cellnex Finance Co. SA, 3.88%, 07/07/2041 (Callable 04/07/2041) (a)		51,774,000		42,318,041
Celulosa Arauco y Constitucion SA, 3.88%, 11/02/2027 (Callable 08/02/2027)		12,000,000		11,660,312
CF Industries, Inc., 5.15%, 03/15/2034		3,000,000		3,034,849
Charter Communications Operating LLC
3.75%, 02/15/2028 (Callable 11/15/2027)		5,000,000		4,799,169
6.38%, 10/23/2035 (Callable 04/23/2035)		84,921,000		86,714,966
Charter Communications Operating LLC / Charter Communications Operating Capital
4.91%, 07/23/2025 (Callable 04/23/2025)		12,618,000		12,597,361
5.05%, 03/30/2029 (Callable 12/30/2028)		36,857,000		36,664,363
6.55%, 06/01/2034 (Callable 03/01/2034)		45,140,000		46,953,407
3.50%, 06/01/2041 (Callable 12/01/2040)		22,225,000		15,613,531
3.50%, 03/01/2042 (Callable 09/01/2041)		11,050,000		7,678,429
4.40%, 12/01/2061 (Callable 06/01/2061)		24,375,000		16,580,343
Cheniere Energy Partners LP
5.95%, 06/30/2033 (Callable 12/30/2032)		26,000,000		27,511,796
5.75%, 08/15/2034 (Callable 02/15/2034) (a)		11,750,000		12,240,559
Choice Hotels International, Inc., 5.85%, 08/01/2034 (Callable 05/01/2034)		10,750,000		11,086,009
Church & Dwight Co., Inc., 5.00%, 06/15/2052 (Callable 12/15/2051)		6,725,000		6,596,540
Cia Cervecerias Unidas SA, 3.35%, 01/19/2032 (Callable 10/19/2031) (a)		25,000,000		22,163,198
Cigna Group
2.40%, 03/15/2030 (Callable 12/15/2029)		13,034,000		11,802,951
4.80%, 08/15/2038 (Callable 02/15/2038)		5,000,000		4,871,535
CNH Industrial Capital LLC, 1.88%, 01/15/2026 (Callable 12/15/2025)		20,000,000		19,348,461
CNH Industrial NV, 3.85%, 11/15/2027 (Callable 08/15/2027)		23,656,000		23,413,251
Columbia Pipeline Group, Inc.
4.50%, 06/01/2025 (Callable 03/01/2025)		6,199,000		6,182,058
5.80%, 06/01/2045 (Callable 12/01/2044)		10,776,000		11,112,604
Columbia Pipelines Holding Co. LLC, 5.10%, 10/01/2031 (Callable 08/01/2031) (a)		10,000,000		10,086,181
Columbia Pipelines Operating Co. LLC
6.04%, 11/15/2033 (Callable 08/15/2033) (a)		17,300,000		18,459,095
6.50%, 08/15/2043 (Callable 02/15/2043) (a)		10,000,000		11,151,620
Comcast Corp.
3.55%, 05/01/2028 (Callable 02/01/2028)		9,125,000		8,954,959
3.20%, 07/15/2036 (Callable 01/15/2036)		6,000,000		5,150,522
3.97%, 11/01/2047 (Callable 05/01/2047)		8,622,000		7,204,191
5.35%, 05/15/2053 (Callable 11/15/2052)		19,000,000		19,433,706
2.99%, 11/01/2063 (Callable 05/01/2063)		14,646,000		9,290,284
CommonSpirit Health, 3.35%, 10/01/2029 (Callable 04/01/2029)		17,635,000		16,801,408
Conagra Brands, Inc.
7.13%, 10/01/2026		6,441,000		6,789,497
7.00%, 10/01/2028		4,300,000		4,701,751
5.30%, 11/01/2038 (Callable 05/01/2038)		5,000,000		5,019,845
Concentrix Corp., 6.60%, 08/02/2028 (Callable 07/02/2028)		25,000,000		26,079,247
Constellation Brands, Inc., 4.90%, 05/01/2033 (Callable 02/01/2033)		7,950,000		8,032,935
Corning, Inc., 4.38%, 11/15/2057 (Callable 05/15/2057)		9,000,000		7,660,123
Cox Communications, Inc.
3.35%, 09/15/2026 (Callable 06/15/2026) (a)		25,300,000		24,773,740
5.70%, 06/15/2033 (Callable 03/15/2033) (a)		5,900,000		6,084,766
4.80%, 02/01/2035 (Callable 08/01/2034) (a)		14,000,000		13,346,304
3.60%, 06/15/2051 (Callable 12/15/2050) (a)		21,000,000		14,975,724
Crown Castle, Inc., 5.10%, 05/01/2033 (Callable 02/01/2033)		20,400,000		20,655,961
CSL Finance PLC, 4.05%, 04/27/2029 (Callable 02/27/2029) (a)		7,500,000		7,426,685
CSX Corp., 4.65%, 03/01/2068 (Callable 09/01/2067)		9,000,000		8,239,800
CVS Health Corp.
3.63%, 04/01/2027 (Callable 02/01/2027)		3,000,000		2,958,206
3.25%, 08/15/2029 (Callable 05/15/2029)		8,000,000		7,557,479
5.30%, 06/01/2033 (Callable 03/01/2033)		6,500,000		6,642,434
4.78%, 03/25/2038 (Callable 09/25/2037)		40,059,000		37,796,091
2.70%, 08/21/2040 (Callable 02/21/2040)		5,000,000		3,550,488
5.13%, 07/20/2045 (Callable 01/20/2045)		44,155,000		41,138,959
5.05%, 03/25/2048 (Callable 09/25/2047)		42,300,000		38,608,461
5.88%, 06/01/2053 (Callable 12/01/2052)		9,000,000		9,158,772
6.05%, 06/01/2054 (Callable 12/01/2053)		11,000,000		11,476,179
DCP Midstream Operating LP, 5.13%, 05/15/2029 (Callable 02/15/2029)		10,000,000		10,249,020
Dell International LLC / EMC Corp.
6.02%, 06/15/2026 (Callable 03/15/2026)		30,055,000		30,776,337
5.30%, 10/01/2029 (Callable 07/01/2029)		6,000,000		6,249,431
DENTSPLY SIRONA, Inc., 3.25%, 06/01/2030 (Callable 03/01/2030)		27,000,000		24,799,713
Deutsche Telekom International Finance BV, 8.75%, 06/15/2030		8,661,000		10,458,576
Dignity Health, 5.27%, 11/01/2064		2,921,000		2,886,869
Dollar General Corp., 3.50%, 04/03/2030 (Callable 01/03/2030)		7,000,000		6,589,257
DuPont de Nemours, Inc., 5.32%, 11/15/2038 (Callable 05/15/2038)		17,538,000		19,098,136
DXC Technology Co.
1.80%, 09/15/2026 (Callable 08/15/2026)		29,000,000		27,472,065
2.38%, 09/15/2028 (Callable 07/15/2028)		79,050,000		71,459,832
Eagle Materials, Inc., 2.50%, 07/01/2031 (Callable 04/01/2031)		8,700,000		7,689,054
Eastern Gas Transmission & Storage, Inc.
4.80%, 11/01/2043 (Callable 05/01/2043)		4,017,000		3,745,439
4.60%, 12/15/2044 (Callable 06/15/2044)		3,674,000		3,329,105
Element Fleet Management Corp.
3.85%, 06/15/2025 (Callable 05/15/2025) (a)		18,492,000		18,315,163
6.27%, 06/26/2026 (Callable 05/26/2026) (a)		40,000,000		41,073,633
5.64%, 03/13/2027 (Callable 02/13/2027) (a)		10,000,000		10,254,824
6.32%, 12/04/2028 (Callable 11/04/2028) (a)		9,225,000		9,830,378
Enbridge Energy Partners LP
7.50%, 04/15/2038		4,500,000		5,442,807
7.38%, 10/15/2045 (Callable 04/15/2045)		20,000,000		24,268,187
Enbridge, Inc., 6.20%, 11/15/2030 (Callable 09/15/2030)		8,725,000		9,499,625
Energy Transfer LP
3.90%, 07/15/2026 (Callable 04/15/2026)		10,000,000		9,905,840
5.50%, 06/01/2027 (Callable 03/01/2027)		7,019,000		7,198,483
4.00%, 10/01/2027 (Callable 07/01/2027)		2,000,000		1,979,921
6.00%, 02/01/2029 (Callable 11/01/2024) (a)		44,900,000		45,993,360
5.25%, 04/15/2029 (Callable 01/15/2029)		22,666,000		23,315,716
3.75%, 05/15/2030 (Callable 02/15/2030)		2,775,000		2,650,884
7.38%, 02/01/2031 (Callable 02/01/2026) (a)		10,450,000		11,117,222
4.90%, 03/15/2035 (Callable 09/15/2034)		4,550,000		4,491,516
6.63%, 10/15/2036		15,094,000		16,747,575
5.80%, 06/15/2038 (Callable 12/15/2037)		9,539,000		9,931,986
7.50%, 07/01/2038		20,729,000		24,739,326
6.05%, 06/01/2041 (Callable 12/01/2040)		1,611,000		1,668,292
6.50%, 02/01/2042 (Callable 08/01/2041)		7,603,000		8,308,948
5.95%, 10/01/2043 (Callable 04/01/2043)		3,550,000		3,615,135
6.13%, 12/15/2045 (Callable 06/15/2045)		5,797,000		6,049,916
5.40%, 10/01/2047 (Callable 04/01/2047)		7,425,000		7,070,433
6.00%, 06/15/2048 (Callable 12/15/2047)		13,000,000		13,309,658
6.25%, 04/15/2049 (Callable 10/15/2048)		3,850,000		4,048,278
Eni SpA
4.25%, 05/09/2029 (Callable 02/09/2029) (a)		18,250,000		18,224,279
5.95%, 05/15/2054 (Callable 11/15/2053) (a)		11,000,000		11,328,794
Enterprise Products Operating LLC, 5.75%, 03/01/2035		4,930,000		5,193,238
EQT Corp.
5.70%, 04/01/2028 (Callable 03/01/2028)		10,000,000		10,346,920
7.00%, 02/01/2030 (Callable 11/01/2029)		5,493,000		5,997,345
EQT Midstream Partners LP, 4.13%, 12/01/2026 (Callable 09/01/2026)		10,000,000		9,871,484
Equifax, Inc., 5.10%, 06/01/2028 (Callable 05/01/2028)		15,000,000		15,361,680
Equinix, Inc.
3.20%, 11/18/2029 (Callable 08/18/2029)		2,000,000		1,887,796
2.15%, 07/15/2030 (Callable 04/15/2030)		7,675,000		6,783,488
ERAC USA Finance LLC, 3.30%, 12/01/2026 (Callable 09/01/2026) (a)		20,225,000		19,842,960
FedEx Corp., 4.95%, 10/17/2048 (Callable 04/17/2048)		15,000,000		14,107,445
Ferguson Finance PLC
4.50%, 10/24/2028 (Callable 07/24/2028) (a)		43,025,000		42,891,050
3.25%, 06/02/2030 (Callable 03/02/2030) (a)		28,100,000		26,180,225
4.65%, 04/20/2032 (Callable 01/20/2032) (a)		28,125,000		27,581,304
Fidelity National Information Services, Inc.
5.10%, 07/15/2032 (Callable 04/15/2032)		4,500,000		4,665,491
3.10%, 03/01/2041 (Callable 09/01/2040)		7,100,000		5,468,590
4.50%, 08/15/2046 (Callable 02/15/2046)		23,740,000		20,926,808
Fiserv, Inc.
3.20%, 07/01/2026 (Callable 05/01/2026)		11,650,000		11,435,714
4.20%, 10/01/2028 (Callable 07/01/2028)		5,000,000		4,981,871
3.50%, 07/01/2029 (Callable 04/01/2029)		4,307,000		4,161,165
2.65%, 06/01/2030 (Callable 03/01/2030)		28,900,000		26,332,094
5.63%, 08/21/2033 (Callable 05/21/2033)		17,000,000		18,007,404
5.15%, 08/12/2034 (Callable 05/12/2034)		20,000,000		20,507,624
4.40%, 07/01/2049 (Callable 01/01/2049)		11,000,000		9,723,657
Flex Intermediate Holdco LLC, 3.36%, 06/30/2031 (Callable 12/30/2030) (a)		16,000,000		14,020,122
Flex Ltd.
3.75%, 02/01/2026 (Callable 01/01/2026)		15,000,000		14,832,212
6.00%, 01/15/2028 (Callable 12/15/2027)		20,000,000		20,728,344
4.88%, 06/15/2029 (Callable 03/15/2029)		30,627,000		30,633,395
4.88%, 05/12/2030 (Callable 02/12/2030)		21,830,000		21,862,719
Florida Gas Transmission Co. LLC, 2.55%, 07/01/2030 (Callable 04/01/2030) (a)		18,500,000		16,681,769
Flowserve Corp., 2.80%, 01/15/2032 (Callable 10/15/2031)		9,625,000		8,336,458
FMC Corp., 3.20%, 10/01/2026 (Callable 08/01/2026)		5,000,000		4,880,872
Ford Motor Credit Co. LLC
5.80%, 03/05/2027 (Callable 02/05/2027)		10,000,000		10,182,751
6.80%, 11/07/2028 (Callable 10/07/2028)		15,000,000		15,837,109
5.30%, 09/06/2029 (Callable 08/06/2029)		38,000,000		37,821,095
Fortune Brands Innovations, Inc.
3.25%, 09/15/2029 (Callable 06/15/2029)		15,000,000		14,162,690
5.88%, 06/01/2033 (Callable 03/01/2033)		24,000,000		25,757,467
Fox Corp., 6.50%, 10/13/2033 (Callable 07/13/2033)		7,000,000		7,659,601
Freeport-McMoRan, Inc.
4.25%, 03/01/2030 (Callable 03/01/2025)		8,000,000		7,825,458
4.63%, 08/01/2030 (Callable 08/01/2025)		5,000,000		4,994,027
5.45%, 03/15/2043 (Callable 09/15/2042)		21,975,000		22,069,389
Fresenius Medical Care US Finance II, Inc., 4.75%, 10/15/2024 (Callable 10/01/2024) (a)		14,530,000		14,525,056
Fresenius Medical Care US Finance III, Inc.
1.88%, 12/01/2026 (Callable 11/01/2026) (a)		4,200,000		3,952,793
3.75%, 06/15/2029 (Callable 03/15/2029) (a)		24,200,000		22,992,477
2.38%, 02/16/2031 (Callable 11/16/2030) (a)		25,000,000		21,145,928
3.00%, 12/01/2031 (Callable 09/01/2031) (a)		10,000,000		8,607,899
GE Capital Funding LLC, 4.55%, 05/15/2032 (Callable 02/15/2032)		10,716,000		10,727,448
General Motors Co., 6.13%, 10/01/2025 (Callable 09/01/2025)		21,479,000		21,682,595
General Motors Financial Co., Inc.
6.05%, 10/10/2025		22,125,000		22,396,600
1.25%, 01/08/2026 (Callable 12/08/2025)		19,000,000		18,230,894
5.40%, 04/06/2026		20,000,000		20,241,816
2.35%, 02/26/2027 (Callable 01/26/2027)		11,000,000		10,471,460
5.80%, 06/23/2028 (Callable 05/23/2028)		30,000,000		31,124,550
5.80%, 01/07/2029 (Callable 12/07/2028)		10,000,000		10,401,090
5.55%, 07/15/2029 (Callable 06/15/2029)		21,000,000		21,655,293
4.90%, 10/06/2029 (Callable 09/06/2029)		12,000,000		12,013,606
Genpact Luxembourg Sarl, 3.38%, 12/01/2024 (Callable 11/01/2024)		59,575,000		59,333,465
Genpact Luxembourg SARL/Genpact USA, Inc.
1.75%, 04/10/2026 (Callable 03/10/2026)		25,000,000		23,933,621
6.00%, 06/04/2029 (Callable 05/04/2029)		6,400,000		6,702,217
Genuine Parts Co.
4.95%, 08/15/2029 (Callable 07/15/2029)		5,000,000		5,085,774
6.88%, 11/01/2033 (Callable 08/01/2033)		26,375,000		30,268,354
Gilead Sciences, Inc., 4.60%, 09/01/2035 (Callable 03/01/2035)		4,600,000		4,611,489
Glencore Finance Canada Ltd., 5.55%, 10/25/2042 (a)		5,000,000		5,002,300
Glencore Funding LLC
4.00%, 03/27/2027 (Callable 12/27/2026) (a)		25,550,000		25,310,916
3.88%, 10/27/2027 (Callable 07/27/2027) (a)		2,000,000		1,972,360
4.88%, 03/12/2029 (Callable 12/12/2028) (a)		11,000,000		11,150,701
5.37%, 04/04/2029 (Callable 03/04/2029) (a)		17,200,000		17,780,018
2.50%, 09/01/2030 (Callable 06/01/2030) (a)		61,437,000		55,080,073
5.70%, 05/08/2033 (Callable 02/08/2033) (a)		20,000,000		21,021,025
3.88%, 04/27/2051 (Callable 10/27/2050) (a)		6,000,000		4,634,977
3.38%, 09/23/2051 (Callable 03/23/2051) (a)		6,000,000		4,235,634
Global Payments, Inc.
4.80%, 04/01/2026 (Callable 01/01/2026)		6,990,000		7,004,865
2.15%, 01/15/2027 (Callable 12/15/2026)		6,840,000		6,519,283
3.20%, 08/15/2029 (Callable 05/15/2029)		7,500,000		7,026,507
2.90%, 05/15/2030 (Callable 02/15/2030)		14,467,000		13,176,845
Grupo Bimbo SAB de CV
4.88%, 06/27/2044 (a)		8,250,000		7,801,032
4.70%, 11/10/2047 (Callable 05/10/2047) (a)		25,000,000		22,682,000
4.00%, 09/06/2049 (a)		7,300,000		5,976,995
Gulfstream Natural Gas System LLC, 4.60%, 09/15/2025 (Callable 06/15/2025) (a)		5,000,000		4,985,123
HCA, Inc.
4.50%, 02/15/2027 (Callable 08/15/2026)		15,000,000		15,019,083
4.13%, 06/15/2029 (Callable 03/15/2029)		15,000,000		14,764,916
3.50%, 09/01/2030 (Callable 03/01/2030)		14,405,000		13,574,918
3.63%, 03/15/2032 (Callable 12/15/2031)		16,000,000		14,795,435
5.45%, 09/15/2034 (Callable 06/15/2034)		6,000,000		6,173,635
4.63%, 03/15/2052 (Callable 09/15/2051)		20,000,000		17,358,452
5.90%, 06/01/2053 (Callable 12/01/2052)		8,275,000		8,632,147
6.00%, 04/01/2054 (Callable 10/01/2053)		13,925,000		14,713,137
Hewlett Packard Enterprise Co.
4.85%, 10/15/2031 (Callable 08/15/2031)		6,500,000		6,486,557
5.60%, 10/15/2054 (Callable 04/15/2054)		18,000,000		17,670,965
HF Sinclair Corp., 4.50%, 10/01/2030 (Callable 07/01/2030)		8,000,000		7,791,218
HP, Inc., 3.00%, 06/17/2027 (Callable 04/17/2027)		35,000,000		33,907,024
Hubbell, Inc., 3.15%, 08/15/2027 (Callable 05/15/2027)		11,700,000		11,345,563
Huntington Ingalls Industries, Inc., 2.04%, 08/16/2028 (Callable 06/16/2028)		35,513,000		32,595,566
Hyundai Capital America
1.30%, 01/08/2026 (Callable 12/08/2025) (a)		10,000,000		9,604,342
1.65%, 09/17/2026 (Callable 08/17/2026) (a)		22,550,000		21,382,159
5.28%, 06/24/2027 (a)		26,000,000		26,584,822
5.68%, 06/26/2028 (Callable 05/26/2028) (a)		36,375,000		37,731,063
6.10%, 09/21/2028 (Callable 08/21/2028) (a)		40,000,000		42,199,120
4.55%, 09/26/2029 (Callable 08/26/2029) (a)		30,000,000		29,936,756
Infor, Inc., 1.75%, 07/15/2025 (Callable 06/15/2025) (a)		17,375,000		16,869,406
Ingredion, Inc., 2.90%, 06/01/2030 (Callable 03/01/2030)		26,775,000		24,856,778
Intel Corp.
5.20%, 02/10/2033 (Callable 11/10/2032)		5,000,000		5,065,734
4.90%, 08/05/2052 (Callable 02/05/2052)		10,000,000		8,772,543
5.70%, 02/10/2053 (Callable 08/10/2052)		7,175,000		7,068,634
International Business Machines Corp., 4.15%, 05/15/2039		11,325,000		10,431,477
International Flavors & Fragrances, Inc., 1.83%, 10/15/2027 (Callable 08/15/2027) (a)		10,000,000		9,260,951
IQVIA, Inc., 5.70%, 05/15/2028 (Callable 04/15/2028)		8,475,000		8,800,838
J M Smucker Co.
2.38%, 03/15/2030 (Callable 12/15/2029)		9,125,000		8,264,469
6.50%, 11/15/2053 (Callable 05/15/2053)		3,950,000		4,573,178
JAB Holdings BV
2.20%, 11/23/2030 (Callable 08/23/2030) (a)		7,426,000		6,356,281
4.50%, 04/08/2052 (Callable 10/08/2051) (a)		20,750,000		16,595,150
Jacobs Engineering Group, Inc.
6.35%, 08/18/2028 (Callable 07/18/2028)		21,000,000		22,345,604
5.90%, 03/01/2033 (Callable 12/01/2032)		16,784,000		17,609,145
JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl
3.00%, 02/02/2029 (Callable 12/02/2028)		10,000,000		9,305,436
3.00%, 05/15/2032 (Callable 02/15/2032)		18,525,000		16,064,513
5.75%, 04/01/2033 (Callable 01/01/2033)		35,975,000		37,272,978
6.75%, 03/15/2034 (Callable 12/15/2033) (a)		12,750,000		14,125,679
Johnson Controls International PLC
6.00%, 01/15/2036		892,000		978,456
4.50%, 02/15/2047 (Callable 08/15/2046)		4,400,000		3,946,574
4.95%, 07/02/2064 (Callable 01/02/2064) (d)		4,029,000		3,770,156
Jones Lang LaSalle, Inc., 6.88%, 12/01/2028 (Callable 11/01/2028)		8,000,000		8,676,709
Kellanova, 2.10%, 06/01/2030 (Callable 03/01/2030)		20,000,000		17,932,958
Keurig Dr Pepper, Inc., 3.95%, 04/15/2029 (Callable 02/15/2029)		17,650,000		17,440,352
Keysight Technologies, Inc., 4.60%, 04/06/2027 (Callable 01/06/2027)		36,562,000		36,798,735
Kimberly-Clark de Mexico SAB de CV, 2.43%, 07/01/2031 (Callable 04/01/2031) (a)		19,321,000		17,122,842
Kinder Morgan Energy Partners LP
7.30%, 08/15/2033		8,103,000		9,424,952
5.80%, 03/15/2035		2,150,000		2,258,912
6.50%, 02/01/2037		6,400,000		6,978,954
6.95%, 01/15/2038		14,008,000		15,920,325
6.50%, 09/01/2039		5,359,000		5,876,155
7.50%, 11/15/2040		7,917,000		9,372,551
Kinder Morgan, Inc.
8.05%, 10/15/2030		3,670,000		4,319,935
7.80%, 08/01/2031		16,745,000		19,487,641
7.75%, 01/15/2032		44,035,000		51,431,454
Kinross Gold Corp., 6.88%, 09/01/2041 (Callable 03/01/2041)		3,000,000		3,401,175
Kraft Heinz Foods Co.
3.00%, 06/01/2026 (Callable 03/01/2026)		9,249,000		9,058,730
5.00%, 07/15/2035 (Callable 01/15/2035)		10,613,000		10,943,006
7.13%, 08/01/2039 (a)		1,425,000		1,702,258
Kyndryl Holdings, Inc.
2.05%, 10/15/2026 (Callable 09/15/2026)		17,000,000		16,161,653
2.70%, 10/15/2028 (Callable 08/15/2028)		50,000,000		46,308,834
L3Harris Technologies, Inc., 5.40%, 07/31/2033 (Callable 04/30/2033)		20,500,000		21,413,219
Lafarge SA, 7.13%, 07/15/2036		13,596,000		15,836,696
Leidos, Inc.
4.38%, 05/15/2030 (Callable 02/15/2030)		47,279,000		46,521,946
2.30%, 02/15/2031 (Callable 11/15/2030)		8,175,000		7,102,045
7.13%, 07/01/2032		5,000,000		5,577,090
5.75%, 03/15/2033 (Callable 12/15/2032)		23,000,000		24,194,538
LG Energy Solution Ltd., 5.50%, 07/02/2034 (a)		18,000,000		18,507,960
LKQ Corp., 5.75%, 06/15/2028 (Callable 05/15/2028)		12,000,000		12,452,437
Lowe's Cos., Inc., 5.85%, 04/01/2063 (Callable 10/01/2062)		3,450,000		3,655,415
LYB International Finance III LLC
2.25%, 10/01/2030 (Callable 07/01/2030)		5,925,000		5,246,312
5.50%, 03/01/2034 (Callable 12/01/2033)		15,000,000		15,601,520
Marathon Petroleum Corp., 4.75%, 09/15/2044 (Callable 03/15/2044)		1,500,000		1,336,312
Marriott International, Inc./MD
5.00%, 10/15/2027 (Callable 09/15/2027)		12,950,000		13,215,064
4.90%, 04/15/2029 (Callable 03/15/2029)		10,000,000		10,204,700
4.80%, 03/15/2030 (Callable 02/15/2030)		15,000,000		15,213,208
5.35%, 03/15/2035 (Callable 12/15/2034)		15,000,000		15,373,269
Marshfield Clinic Health System, Inc., 2.70%, 02/15/2030 (Callable 08/15/2029)		23,125,000		20,937,098
Martin Marietta Materials, Inc.
2.50%, 03/15/2030 (Callable 12/15/2029)		6,200,000		5,657,081
6.25%, 05/01/2037		893,000		983,772
MasTec, Inc., 5.90%, 06/15/2029 (Callable 05/15/2029)		10,000,000		10,435,930
Mercedes-Benz Finance North America LLC, 5.25%, 11/29/2027 (a)		8,225,000		8,464,288
Microsoft Corp., 2.92%, 03/17/2052 (Callable 09/17/2051)		3,125,000		2,294,344
Midwest Connector Capital Co. LLC, 4.63%, 04/01/2029 (Callable 01/01/2029) (a)		26,022,000		25,865,611
Mohawk Industries, Inc.
5.85%, 09/18/2028 (Callable 08/18/2028)		12,650,000		13,339,981
3.63%, 05/15/2030 (Callable 02/15/2030)		10,000,000		9,611,448
Molex Electronic Technologies LLC, 3.90%, 04/15/2025 (Callable 01/15/2025) (a)		9,365,000		9,300,548
Molson Coors Beverage Co., 3.00%, 07/15/2026 (Callable 04/15/2026)		9,889,000		9,702,259
Mosaic Co.
5.45%, 11/15/2033 (Callable 05/15/2033)		2,000,000		2,066,394
4.88%, 11/15/2041 (Callable 05/15/2041)		5,000,000		4,647,301
MPLX LP
4.00%, 02/15/2025 (Callable 11/15/2024)		6,000,000		5,968,377
1.75%, 03/01/2026 (Callable 02/01/2026)		17,125,000		16,491,700
4.13%, 03/01/2027 (Callable 12/01/2026)		11,700,000		11,638,487
2.65%, 08/15/2030 (Callable 05/15/2030)		22,125,000		19,913,699
5.00%, 03/01/2033 (Callable 12/01/2032)		10,000,000		10,005,531
5.50%, 06/01/2034 (Callable 03/01/2034)		25,000,000		25,684,551
4.50%, 04/15/2038 (Callable 10/15/2037)		8,725,000		8,064,966
Mylan, Inc.
4.55%, 04/15/2028 (Callable 01/15/2028)		16,705,000		16,672,174
5.20%, 04/15/2048 (Callable 10/15/2047)		9,000,000		7,786,858
NGPL PipeCo LLC, 4.88%, 08/15/2027 (Callable 02/15/2027) (a)		32,000,000		32,130,693
Nissan Motor Acceptance Co. LLC, 5.30%, 09/13/2027 (a)		26,800,000		26,752,407
Nordson Corp., 4.50%, 12/15/2029 (Callable 11/15/2029)		18,000,000		18,072,523
Norfolk Southern Corp., 3.05%, 05/15/2050 (Callable 11/15/2049)		17,000,000		11,975,188
Nova Southeastern University, Inc., 4.81%, 04/01/2053		7,200,000		6,693,243
Nutrien Ltd., 4.20%, 04/01/2029 (Callable 01/01/2029)		7,000,000		6,976,116
nVent Finance Sarl
4.55%, 04/15/2028 (Callable 01/15/2028)		32,634,000		32,675,306
5.65%, 05/15/2033 (Callable 02/15/2033)		5,000,000		5,202,015
NXP BV / NXP Funding LLC / NXP USA, Inc., 2.65%, 02/15/2032 (Callable 11/15/2031)		10,000,000		8,684,313
Occidental Petroleum Corp.
8.88%, 07/15/2030 (Callable 01/15/2030)		29,260,000		34,514,394
7.50%, 05/01/2031		28,703,000		32,615,305
7.88%, 09/15/2031		6,320,000		7,315,811
5.55%, 10/01/2034 (Callable 07/01/2034)		10,400,000		10,557,922
Ochsner LSU Health System of North Louisiana, 2.51%, 05/15/2031 (Callable 11/15/2030)		26,620,000		20,683,958
OCI NV, 6.70%, 03/16/2033 (Callable 12/16/2032) (a)		10,000,000		10,479,228
ONEOK, Inc.
3.20%, 03/15/2025 (Callable 12/15/2024)		5,000,000		4,953,910
3.95%, 03/01/2050 (Callable 09/01/2049)		5,100,000		3,919,055
Optics Bidco SpA, 7.20%, 07/18/2036 (Callable 04/18/2036) (a)		4,102,000		4,414,441
Oracle Corp.
2.80%, 04/01/2027 (Callable 02/01/2027)		26,225,000		25,391,411
6.25%, 11/09/2032 (Callable 08/09/2032)		18,000,000		19,917,114
3.85%, 07/15/2036 (Callable 01/15/2036)		7,500,000		6,782,631
4.50%, 07/08/2044 (Callable 01/08/2044)		3,000,000		2,706,668
4.00%, 11/15/2047 (Callable 05/15/2047)		10,250,000		8,415,709
3.95%, 03/25/2051 (Callable 09/25/2050)		3,300,000		2,655,850
6.90%, 11/09/2052 (Callable 05/09/2052)		65,175,000		78,560,691
Orange SA, 9.00%, 03/01/2031		29,044,000		35,936,045
PeaceHealth Obligated Group, 3.22%, 11/15/2050 (Callable 05/15/2050)		7,200,000		5,090,066
Penske Truck Leasing Co. Lp / PTL Finance Corp.
4.00%, 07/15/2025 (Callable 06/15/2025) (a)		31,150,000		30,957,377
5.88%, 11/15/2027 (Callable 10/15/2027) (a)		12,000,000		12,498,896
5.55%, 05/01/2028 (Callable 04/01/2028) (a)		24,065,000		24,890,342
6.05%, 08/01/2028 (Callable 07/01/2028) (a)		25,000,000		26,314,201
5.35%, 03/30/2029 (Callable 02/28/2029) (a)		7,500,000		7,745,165
5.25%, 07/01/2029 (Callable 06/01/2029) (a)		20,000,000		20,596,013
3.35%, 11/01/2029 (Callable 08/01/2029) (a)		2,199,000		2,079,889
Perrigo Finance Unlimited Co.
4.38%, 03/15/2026 (Callable 10/02/2024)		4,875,000		4,869,545
4.90%, 06/15/2030 (Callable 03/15/2030)		10,000,000		9,739,339
Pfizer Investment Enterprises Pte Ltd., 5.30%, 05/19/2053 (Callable 11/19/2052)		18,650,000		19,292,376
Phillips 66
2.15%, 12/15/2030 (Callable 09/15/2030)		12,000,000		10,511,431
5.88%, 05/01/2042		6,000,000		6,378,634
4.88%, 11/15/2044 (Callable 05/15/2044)		26,130,000		24,346,621
Phillips 66 Co.
3.55%, 10/01/2026 (Callable 07/01/2026)		7,000,000		6,909,117
3.15%, 12/15/2029 (Callable 09/15/2029)		12,000,000		11,346,656
Pilgrim's Pride Corp.
6.25%, 07/01/2033 (Callable 04/01/2033)		39,117,000		41,501,611
6.88%, 05/15/2034 (Callable 02/15/2034)		18,000,000		19,976,418
Plains All American Pipeline LP / PAA Finance Corp., 3.55%, 12/15/2029 (Callable 09/15/2029)		10,000,000		9,511,515
Premier Health Partners, 2.91%, 11/15/2026 (Callable 05/15/2026)		33,267,000		31,857,905
Quanta Services, Inc.
2.90%, 10/01/2030 (Callable 07/01/2030)		8,275,000		7,619,192
5.25%, 08/09/2034 (Callable 05/09/2034)		10,000,000		10,222,951
Reckitt Benckiser Treasury Services PLC, 3.00%, 06/26/2027 (Callable 03/26/2027) (a)		84,730,000		82,220,549
Regal Rexnord Corp.
6.05%, 04/15/2028 (Callable 03/15/2028)		14,830,000		15,419,021
6.30%, 02/15/2030 (Callable 12/15/2029)		5,000,000		5,317,902
6.40%, 04/15/2033 (Callable 01/15/2033)		15,129,000		16,180,669
Reliance Industries Ltd., 2.88%, 01/12/2032 (a)		26,000,000		22,975,194
Reliance, Inc.
2.15%, 08/15/2030 (Callable 05/15/2030)		10,000,000		8,790,620
6.85%, 11/15/2036		6,100,000		6,964,914
Republic Services, Inc., 5.00%, 04/01/2034 (Callable 01/01/2034)		10,000,000		10,296,551
Revvity, Inc.
3.30%, 09/15/2029 (Callable 06/15/2029)		24,200,000		22,850,665
3.63%, 03/15/2051 (Callable 09/15/2050)		12,000,000		8,977,625
Rio Tinto Alcan, Inc., 5.75%, 06/01/2035		446,000		486,337
Roche Holdings, Inc., 2.61%, 12/13/2051 (Callable 06/13/2051) (a)		7,000,000		4,632,936
Rogers Communications, Inc.
3.80%, 03/15/2032 (Callable 12/15/2031)		13,000,000		12,061,716
4.50%, 03/15/2042 (Callable 09/15/2041)		8,750,000		7,861,767
5.45%, 10/01/2043 (Callable 04/01/2043)		16,560,000		16,453,049
RPM International, Inc., 2.95%, 01/15/2032 (Callable 10/15/2031)		7,350,000		6,513,989
RTX Corp.
3.50%, 03/15/2027 (Callable 12/15/2026)		9,578,000		9,438,605
2.25%, 07/01/2030 (Callable 04/01/2030)		24,375,000		21,886,971
4.35%, 04/15/2047 (Callable 10/15/2046)		9,175,000		8,146,191
3.13%, 07/01/2050 (Callable 01/01/2050)		6,000,000		4,298,078
Ryder System, Inc.
5.65%, 03/01/2028 (Callable 02/01/2028)		14,110,000		14,703,849
5.25%, 06/01/2028 (Callable 05/01/2028)		12,000,000		12,384,670
Sabine Pass Liquefaction LLC
5.63%, 03/01/2025 (Callable 12/01/2024)		10,334,000		10,343,504
5.88%, 06/30/2026 (Callable 12/31/2025)		45,000,000		45,735,111
4.50%, 05/15/2030 (Callable 11/15/2029)		43,842,000		43,725,708
5.90%, 09/15/2037 (Callable 03/15/2037)		10,000,000		10,546,690
Samarco Mineracao SA, 9.00% (includes 0.00% PIK), 06/30/2031 (Callable 10/17/2024) (a)		5,055,201		4,736,323
Santos Finance Ltd.
3.65%, 04/29/2031 (Callable 01/29/2031) (a)		9,000,000		8,176,826
6.88%, 09/19/2033 (Callable 06/19/2033) (a)		19,600,000		21,564,920
Shell International Finance BV, 4.13%, 05/11/2035		10,000,000		9,718,409
SK Hynix, Inc., 1.50%, 01/19/2026 (a)		21,852,000		20,990,366
SK Telecom Co. Ltd., 6.63%, 07/20/2027 (a)		1,339,000		1,419,397
Smith & Nephew PLC
2.03%, 10/14/2030 (Callable 07/14/2030)		27,625,000		24,015,522
5.40%, 03/20/2034 (Callable 12/20/2033)		15,000,000		15,599,143
Smithfield Foods, Inc.
3.00%, 10/15/2030 (Callable 07/15/2030) (a)		10,000,000		8,962,909
2.63%, 09/13/2031 (Callable 06/13/2031) (a)		20,000,000		16,947,422
Sodexo, Inc., 1.63%, 04/16/2026 (Callable 03/16/2026) (a)		7,000,000		6,673,794
Solvay Finance America LLC, 5.85%, 06/04/2034 (Callable 03/04/2034) (a)		13,000,000		13,643,082
Solventum Corp.
5.60%, 03/23/2034 (Callable 12/23/2033) (a)		30,000,000		31,067,589
5.90%, 04/30/2054 (Callable 10/30/2053) (a)		35,000,000		36,256,100
Southern Copper Corp., 7.50%, 07/27/2035		5,000,000		5,948,290
Spectra Energy Partners LP, 4.50%, 03/15/2045 (Callable 09/15/2044)		12,000,000		10,458,336
Stanley Black & Decker, Inc., 6.00%, 03/06/2028 (Callable 02/06/2028)		2,852,000		3,008,045
Steel Dynamics, Inc., 3.25%, 01/15/2031 (Callable 10/15/2030)		7,000,000		6,467,849
Stellantis Finance US, Inc., 1.71%, 01/29/2027 (Callable 12/29/2026) (a)		13,750,000		12,899,672
STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/2051 (Callable 09/15/2050)		7,500,000		5,754,711
Suntory Global Spirits, Inc., 6.63%, 07/15/2028		11,220,000		12,047,249
Sysco Corp.
3.30%, 07/15/2026 (Callable 04/15/2026)		11,550,000		11,360,678
5.95%, 04/01/2030 (Callable 01/01/2030)		4,000,000		4,294,715
6.60%, 04/01/2050 (Callable 10/01/2049)		12,455,000		14,600,284
Takeda Pharmaceutical Co. Ltd., 3.18%, 07/09/2050 (Callable 01/09/2050)		10,000,000		7,179,332
Targa Resources Corp.
5.20%, 07/01/2027 (Callable 06/01/2027)		15,000,000		15,343,687
6.13%, 03/15/2033 (Callable 12/15/2032)		22,200,000		23,823,734
TC PipeLines LP
4.38%, 03/13/2025 (Callable 12/13/2024)		31,115,000		30,996,388
3.90%, 05/25/2027 (Callable 02/25/2027)		30,327,000		29,864,320
TD SYNNEX Corp., 1.75%, 08/09/2026 (Callable 07/09/2026)		34,843,000		33,096,312
Telecom Italia Capital SA, 7.20%, 07/18/2036		1,373,000		1,432,984
Teledyne FLIR LLC, 2.50%, 08/01/2030 (Callable 05/01/2030)		7,000,000		6,254,867
Telefonica Emisiones SA
4.67%, 03/06/2038		10,760,000		10,086,268
5.21%, 03/08/2047		33,100,000		31,398,586
4.90%, 03/06/2048		29,050,000		26,407,580
5.52%, 03/01/2049 (Callable 09/01/2048)		3,775,000		3,734,644
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/2026		15,000,000		14,418,102
Textron, Inc., 3.00%, 06/01/2030 (Callable 03/01/2030)		19,675,000		18,205,423
Time Warner Cable LLC
6.55%, 05/01/2037		893,000		883,897
6.75%, 06/15/2039		2,767,000		2,771,023
Timken Co.
4.50%, 12/15/2028 (Callable 09/15/2028)		6,550,000		6,549,796
4.13%, 04/01/2032 (Callable 01/01/2032)		9,185,000		8,836,402
T-Mobile USA, Inc.
3.38%, 04/15/2029 (Callable 10/15/2024)		10,350,000		9,933,509
3.88%, 04/15/2030 (Callable 01/15/2030)		119,330,000		116,044,921
2.55%, 02/15/2031 (Callable 11/15/2030)		20,000,000		17,826,094
3.50%, 04/15/2031 (Callable 04/15/2026)		7,000,000		6,586,701
4.38%, 04/15/2040 (Callable 10/15/2039)		24,900,000		22,960,839
5.65%, 01/15/2053 (Callable 07/15/2052)		13,000,000		13,668,736
3.60%, 11/15/2060 (Callable 05/15/2060)		19,500,000		14,175,600
Trane Technologies Financing Ltd., 5.25%, 03/03/2033 (Callable 12/03/2032)		11,625,000		12,214,117
TransCanada PipeLines Ltd.
6.20%, 10/15/2037		8,400,000		9,218,053
7.63%, 01/15/2039		21,077,000		25,971,713
Transcontinental Gas Pipe Line Co. LLC
7.25%, 12/01/2026		3,500,000		3,675,973
4.60%, 03/15/2048 (Callable 09/15/2047)		5,150,000		4,521,660
Triton Container International Ltd., 2.05%, 04/15/2026 (Callable 03/15/2026) (a)		20,000,000		19,129,415
Triton Container International Ltd. / TAL International Container Corp., 3.25%, 03/15/2032 (Callable 12/15/2031)		10,000,000		8,644,162
TTX Co.
3.90%, 02/01/2045 (Callable 08/01/2044) (a)		13,250,000		11,244,463
4.60%, 02/01/2049 (Callable 08/01/2048) (a)		8,325,000		7,853,870
Tyson Foods, Inc., 5.10%, 09/28/2048 (Callable 03/28/2048)		10,000,000		9,467,709
United Rentals North America, Inc., 6.00%, 12/15/2029 (Callable 12/15/2025) (a)		15,000,000		15,483,855
Universal Health Services, Inc.
1.65%, 09/01/2026 (Callable 08/01/2026)		24,000,000		22,734,365
2.65%, 10/15/2030 (Callable 07/15/2030)		10,000,000		8,919,002
UPMC, 5.04%, 05/15/2033 (Callable 02/15/2033)		9,275,000		9,469,435
Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 (Callable 03/15/2026)		22,757,000		22,532,125
Vale Overseas Ltd.
3.75%, 07/08/2030 (Callable 04/08/2030)		28,721,000		27,390,037
6.13%, 06/12/2033 (Callable 03/12/2033)		42,450,000		44,955,654
8.25%, 01/17/2034		13,526,000		16,572,109
6.88%, 11/21/2036		45,171,000		50,486,633
6.88%, 11/10/2039		16,643,000		18,558,842
6.40%, 06/28/2054 (Callable 12/28/2053)		14,850,000		15,643,391
Valero Energy Corp.
2.15%, 09/15/2027 (Callable 07/15/2027)		14,150,000		13,346,498
4.00%, 04/01/2029 (Callable 01/01/2029)		15,475,000		15,296,128
6.63%, 06/15/2037		2,100,000		2,354,275
Var Energi ASA
5.00%, 05/18/2027 (Callable 04/18/2027) (a)		23,850,000		23,944,327
7.50%, 01/15/2028 (Callable 12/15/2027) (a)		65,430,000		70,013,699
8.00%, 11/15/2032 (Callable 08/15/2032) (a)		15,000,000		17,393,325
Verizon Communications, Inc.
3.00%, 03/22/2027 (Callable 01/22/2027)		5,000,000		4,875,121
4.33%, 09/21/2028		3,077,000		3,093,684
2.55%, 03/21/2031 (Callable 12/21/2030)		4,430,000		3,955,622
2.36%, 03/15/2032 (Callable 12/15/2031)		5,650,000		4,867,708
4.50%, 08/10/2033		16,325,000		16,131,028
4.27%, 01/15/2036		17,148,000		16,387,668
5.25%, 03/16/2037		28,793,000		29,937,579
4.81%, 03/15/2039		36,839,000		36,270,185
2.65%, 11/20/2040 (Callable 05/20/2040)		10,000,000		7,368,117
3.40%, 03/22/2041 (Callable 09/22/2040)		3,850,000		3,144,247
4.86%, 08/21/2046		2,500,000		2,436,532
3.70%, 03/22/2061 (Callable 09/22/2060)		26,725,000		20,225,524
Viatris, Inc.
3.85%, 06/22/2040 (Callable 12/22/2039)		13,083,000		10,190,136
4.00%, 06/22/2050 (Callable 12/22/2049)		40,600,000		29,114,965
VICI Properties LP, 4.75%, 02/15/2028 (Callable 01/15/2028)		20,000,000		20,077,240
Viterra Finance BV
2.00%, 04/21/2026 (Callable 03/21/2026) (a)		23,641,000		22,695,639
4.90%, 04/21/2027 (Callable 03/21/2027) (a)		45,000,000		45,376,354
3.20%, 04/21/2031 (Callable 01/21/2031) (a)		80,020,000		73,188,297
5.25%, 04/21/2032 (Callable 01/21/2032) (a)		16,631,000		16,859,710
VMware LLC, 1.40%, 08/15/2026 (Callable 07/15/2026)		18,850,000		17,858,186
Vodafone Group PLC
7.88%, 02/15/2030		301,000		352,058
5.00%, 05/30/2038		6,800,000		6,789,559
5.63%, 02/10/2053 (Callable 08/10/2052)		10,000,000		10,178,993
5.75%, 02/10/2063 (Callable 08/10/2062)		5,000,000		5,046,309
Volkswagen Group of America Finance LLC
1.25%, 11/24/2025 (Callable 10/24/2025) (a)		30,000,000		28,881,782
6.20%, 11/16/2028 (Callable 10/16/2028) (a)		30,000,000		31,584,136
Vontier Corp.
2.40%, 04/01/2028 (Callable 02/01/2028)		4,921,000		4,521,926
2.95%, 04/01/2031 (Callable 01/01/2031)		5,275,000		4,589,264
Vulcan Materials Co., 4.70%, 03/01/2048 (Callable 09/01/2047)		3,446,000		3,200,468
Walgreens Boots Alliance, Inc.
3.45%, 06/01/2026 (Callable 03/01/2026)		2,080,000		2,000,984
3.20%, 04/15/2030 (Callable 01/15/2030)		13,575,000		11,013,188
Walmart, Inc., 4.50%, 04/15/2053 (Callable 10/15/2052)		13,925,000		13,431,281
Warnermedia Holdings, Inc.
6.41%, 03/15/2026 (Callable 10/15/2024)		7,000,000		7,004,136
4.05%, 03/15/2029 (Callable 01/15/2029)		5,000,000		4,736,676
4.28%, 03/15/2032 (Callable 12/15/2031)		71,072,000		63,135,544
5.05%, 03/15/2042 (Callable 09/15/2041)		9,000,000		7,346,814
5.14%, 03/15/2052 (Callable 09/15/2051)		5,000,000		3,856,373
Weir Group PLC, 2.20%, 05/13/2026 (Callable 04/13/2026) (a)		38,555,000		37,082,880
Western Digital Corp., 4.75%, 02/15/2026 (Callable 11/15/2025)		4,000,000		3,978,398
Western Midstream Operating LP
3.10%, 02/01/2025 (Callable 01/01/2025)		20,000,000		19,832,684
3.95%, 06/01/2025 (Callable 03/01/2025)		8,000,000		7,936,427
4.05%, 02/01/2030 (Callable 11/01/2029)		10,500,000		10,109,544
6.15%, 04/01/2033 (Callable 01/01/2033)		4,550,000		4,809,678
5.45%, 11/15/2034 (Callable 08/15/2034)		20,000,000		20,042,280
Westinghouse Air Brake Technologies Corp.
3.20%, 06/15/2025 (Callable 05/15/2025)		10,295,000		10,163,469
3.45%, 11/15/2026 (Callable 08/15/2026)		28,315,000		27,817,317
4.70%, 09/15/2028 (Callable 06/15/2028)		4,739,000		4,799,103
WestRock MWV LLC, 8.20%, 01/15/2030		7,963,000		9,294,620
Whistler Pipeline LLC
5.70%, 09/30/2031 (Callable 07/30/2031) (a)		13,775,000		14,260,932
5.95%, 09/30/2034 (Callable 06/30/2034) (a)		7,395,000		7,657,551
Williams Cos., Inc.
7.75%, 06/15/2031		3,400,000		3,878,249
8.75%, 03/15/2032		5,750,000		7,036,311
6.30%, 04/15/2040		8,142,000		8,877,351
4.85%, 03/01/2048 (Callable 09/01/2047)		7,000,000		6,384,213
Woodside Finance Ltd.
4.50%, 03/04/2029 (Callable 12/04/2028) (a)		42,480,000		42,132,709
5.10%, 09/12/2034 (Callable 06/12/2034)		26,000,000		25,826,461
Yara International ASA, 3.80%, 06/06/2026 (Callable 03/06/2026) (a)		23,500,000		23,177,881
Zimmer Biomet Holdings, Inc.
5.20%, 09/15/2034 (Callable 06/15/2034)		30,000,000		30,548,789
5.75%, 11/30/2039		11,967,000		12,684,490
				9,391,849,306
Utilities - 1.5%
Ameren Corp., 3.50%, 01/15/2031 (Callable 10/15/2030)		20,000,000		18,922,665
American Electric Power Co., Inc., 3.25%, 03/01/2050 (Callable 09/01/2049)		10,175,000		7,199,261
Avangrid, Inc., 3.20%, 04/15/2025 (Callable 03/15/2025)		10,500,000		10,392,850
Berkshire Hathaway Energy Co.
3.70%, 07/15/2030 (Callable 04/15/2030)		18,425,000		18,021,823
2.85%, 05/15/2051 (Callable 11/15/2050)		13,675,000		9,253,412
4.60%, 05/01/2053 (Callable 11/01/2052)		21,825,000		19,669,682
Commonwealth Edison Co., 3.85%, 03/15/2052 (Callable 09/15/2051)		6,050,000		4,920,078
Constellation Energy Generation LLC
5.60%, 03/01/2028 (Callable 02/01/2028)		12,600,000		13,150,549
5.80%, 03/01/2033 (Callable 12/01/2032)		5,000,000		5,363,316
Consumers Energy Co., 3.50%, 08/01/2051 (Callable 02/01/2051)		9,400,000		7,576,660
Dominion Energy, Inc., 3.38%, 04/01/2030 (Callable 01/01/2030)		10,000,000		9,477,744
DTE Electric Co., 5.40%, 04/01/2053 (Callable 10/01/2052)		9,375,000		9,843,758
DTE Energy Co.
4.88%, 06/01/2028 (Callable 05/01/2028)		19,000,000		19,398,727
5.10%, 03/01/2029 (Callable 02/01/2029)		12,500,000		12,872,003
Duke Energy Corp.
2.65%, 09/01/2026 (Callable 06/01/2026)		10,000,000		9,723,772
6.10%, 09/15/2053 (Callable 03/15/2053)		13,600,000		14,890,921
Duke Energy Indiana LLC, 5.40%, 04/01/2053 (Callable 10/01/2052)		7,000,000		7,203,640
Duke Energy Ohio, Inc., 5.25%, 04/01/2033 (Callable 01/01/2033)		5,000,000		5,219,540
Duke Energy Progress LLC, 4.00%, 04/01/2052 (Callable 10/01/2051)		9,600,000		8,018,776
Duquesne Light Holdings, Inc.
3.62%, 08/01/2027 (Callable 05/01/2027) (a)		5,000,000		4,884,885
2.53%, 10/01/2030 (Callable 07/01/2030) (a)		2,550,000		2,246,487
2.78%, 01/07/2032 (Callable 10/07/2031) (a)		2,810,000		2,427,349
Enel Finance International NV
3.50%, 04/06/2028 (a)		8,000,000		7,760,936
6.80%, 09/15/2037 (a)		8,440,000		9,572,870
4.75%, 05/25/2047 (a)		66,700,000		61,754,326
7.75%, 10/14/2052 (Callable 04/14/2052) (a)		10,000,000		12,774,300
Engie SA, 5.88%, 04/10/2054 (Callable 10/10/2053) (a)		6,300,000		6,577,803
Entergy Corp., 2.95%, 09/01/2026 (Callable 06/01/2026)		13,075,000		12,760,154
Essential Utilities, Inc., 2.70%, 04/15/2030 (Callable 01/15/2030)		14,100,000		12,919,428
Evergy Missouri West, Inc., 5.65%, 06/01/2034 (Callable 03/01/2034) (a)		13,700,000		14,501,419
Eversource Energy, 1.65%, 08/15/2030 (Callable 05/15/2030)		9,925,000		8,482,992
Exelon Corp.
4.05%, 04/15/2030 (Callable 01/15/2030)		8,900,000		8,764,012
4.95%, 06/15/2035 (Callable 12/15/2034)		3,500,000		3,502,374
4.10%, 03/15/2052 (Callable 09/15/2051)		5,000,000		4,128,822
Fells Point Funding Trust, 3.05%, 01/31/2027 (Callable 12/31/2026) (a)		28,100,000		27,219,248
FirstEnergy Corp.
2.25%, 09/01/2030 (Callable 06/01/2030)		4,300,000		3,805,787
3.40%, 03/01/2050 (Callable 09/01/2049)		15,000,000		10,992,293
FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028 (Callable 03/01/2028) (a)		8,125,000		8,323,821
FirstEnergy Transmission LLC, 2.87%, 09/15/2028 (Callable 07/15/2028) (a)		10,000,000		9,458,602
Interstate Power and Light Co., 2.30%, 06/01/2030 (Callable 03/01/2030)		9,350,000		8,368,110
ITC Holdings Corp.
3.35%, 11/15/2027 (Callable 08/15/2027)		25,581,000		24,927,334
2.95%, 05/14/2030 (Callable 02/14/2030) (a)		10,000,000		9,226,882
5.65%, 05/09/2034 (Callable 02/09/2034) (a)		7,000,000		7,382,916
KeySpan Corp., 8.00%, 11/15/2030		6,500,000		7,532,727
Liberty Utilities Co., 5.58%, 01/31/2029 (Callable 12/31/2028) (a)		11,350,000		11,733,336
Liberty Utilities Finance GP 1, 2.05%, 09/15/2030 (Callable 06/15/2030) (a)		10,000,000		8,609,682
Massachusetts Electric Co., 5.87%, 02/26/2054 (Callable 08/26/2053) (a)		10,000,000		10,768,931
MidAmerican Energy Co., 5.85%, 09/15/2054 (Callable 03/15/2054)		9,850,000		10,970,034
National Grid PLC
5.60%, 06/12/2028 (Callable 05/12/2028)		10,000,000		10,441,708
5.42%, 01/11/2034 (Callable 10/11/2033)		12,410,000		12,915,891
National Rural Utilities Cooperative Finance Corp., 8.00%, 03/01/2032		4,659,000		5,662,858
Niagara Mohawk Power Corp., 5.66%, 01/17/2054 (Callable 07/17/2053) (a)		7,000,000		7,258,681
NiSource, Inc.
5.20%, 07/01/2029 (Callable 06/01/2029)		15,000,000		15,531,766
3.60%, 05/01/2030 (Callable 02/01/2030)		6,835,000		6,563,043
5.35%, 04/01/2034 (Callable 01/01/2034)		13,475,000		13,989,856
5.25%, 02/15/2043 (Callable 08/15/2042)		5,779,000		5,746,188
3.95%, 03/30/2048 (Callable 09/30/2047)		11,750,000		9,633,494
Oklahoma Gas and Electric Co., 5.60%, 04/01/2053 (Callable 10/01/2052)		5,550,000		5,848,590
Oncor Electric Delivery Co. LLC, 2.75%, 05/15/2030 (Callable 02/15/2030)		9,500,000		8,751,344
RWE Finance US LLC, 6.25%, 04/16/2054 (Callable 10/16/2053) (a)		20,000,000		20,976,256
Southern Co.
5.70%, 10/15/2032 (Callable 04/15/2032)		7,000,000		7,501,502
4.25%, 07/01/2036 (Callable 01/01/2036)		5,525,000		5,241,450
Southern Co. Gas Capital Corp.
5.15%, 09/15/2032 (Callable 03/15/2032)		16,425,000		16,999,380
3.15%, 09/30/2051 (Callable 03/30/2051)		7,850,000		5,424,416
Tucson Electric Power Co., 5.50%, 04/15/2053 (Callable 10/15/2052)		5,400,000		5,529,312
Xcel Energy, Inc., 3.40%, 06/01/2030 (Callable 12/01/2029)		15,000,000		14,233,279
				721,746,051
TOTAL CORPORATE BONDS (Cost $18,375,901,448)				17,886,834,809
U.S. TREASURY SECURITIES - 28.1%		Par		Value
United States Treasury Note/Bond
1.13%, 10/31/2026		1,717,575,000		1,631,360,790
4.63%, 11/15/2026		78,300,000		79,862,942
4.13%, 02/15/2027		540,150,000		546,395,484
4.63%, 06/15/2027		225,000,000		231,073,243
3.13%, 08/31/2027		797,225,000		787,353,114
3.88%, 11/30/2027		300,000,000		302,572,266
1.13%, 08/31/2028		119,300,000		108,679,504
2.38%, 03/31/2029		788,750,000		749,404,934
2.75%, 05/31/2029		492,850,000		475,272,968
3.88%, 12/31/2029		287,625,000		291,377,609
4.13%, 08/31/2030		590,450,000		605,903,187
4.00%, 01/31/2031		599,875,000		611,708,470
1.38%, 11/15/2031		693,875,000		594,211,784
1.88%, 02/15/2032		150,000,000		132,377,930
3.50%, 02/15/2033		245,775,000		241,493,137
4.38%, 05/15/2034		291,650,000		305,457,805
1.38%, 11/15/2040		91,125,000		61,836,855
2.25%, 05/15/2041		396,825,000		307,554,875
2.38%, 02/15/2042		986,925,000		768,644,942
3.38%, 08/15/2042		806,775,000		728,082,925
3.88%, 02/15/2043		206,150,000		198,870,328
2.88%, 05/15/2043		1,045,495,000		868,005,893
3.88%, 05/15/2043		962,050,000		926,273,766
2.50%, 02/15/2045		1,108,975,000		847,586,132
2.88%, 05/15/2049		330,000,000		260,506,640
2.25%, 08/15/2049		71,750,000		49,706,494
1.38%, 08/15/2050		186,975,000		102,989,627
2.38%, 05/15/2051		514,200,000		362,772,116
2.88%, 05/15/2052		968,450,000		758,455,234
TOTAL U.S. TREASURY SECURITIES (Cost $14,261,995,754)				13,935,790,994
AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 20.9%		Par		Value
Federal Home Loan Mortgage Corp.
Pool A89870, 4.50%, 11/01/2039		1,240,548		1,256,104
Pool A90316, 4.50%, 12/01/2039		5,956,931		6,031,638
Pool A91387, 5.00%, 03/01/2040		267,037		275,405
Pool A93996, 4.50%, 09/01/2040		858,344		869,113
Pool A96413, 4.00%, 01/01/2041		8,037,451		7,955,874
Pool A97620, 4.50%, 03/01/2041		610,553		618,214
Pool C00785, 6.50%, 06/01/2029		25,963		26,787
Pool C03490, 4.50%, 08/01/2040		206,405		208,995
Pool C03829, 4.00%, 03/01/2042		2,582,142		2,555,948
Pool C09004, 3.50%, 07/01/2042		3,369,478		3,222,901
Pool C09013, 3.00%, 09/01/2042		7,452,099		6,920,173
Pool C09015, 3.00%, 10/01/2042		2,042,104		1,895,912
Pool C09028, 3.50%, 01/01/2043		6,971,168		6,663,410
Pool C91430, 3.00%, 03/01/2032		785,899		761,945
Pool C91484, 3.00%, 08/01/2032		5,200,772		5,035,670
Pool C91557, 3.00%, 09/01/2032		34,991,501		33,842,894
Pool C91619, 3.00%, 04/01/2033		714,374		685,818
Pool C91922, 3.50%, 03/01/2037		2,394,313		2,336,517
Pool C91923, 4.00%, 03/01/2037		1,346,637		1,341,174
Pool G01916, 5.00%, 09/01/2035		3,436,361		3,528,885
Pool G04834, 5.00%, 03/01/2036		1,395,103		1,432,665
Pool G05364, 5.00%, 08/01/2033		1,595,096		1,621,069
Pool G06959, 3.50%, 10/01/2041		2,603,978		2,495,594
Pool G07304, 3.50%, 12/01/2042		3,888,031		3,720,440
Pool G07477, 4.00%, 01/01/2041		4,104,405		4,062,767
Pool G07530, 3.50%, 05/01/2043		4,785,859		4,586,520
Pool G07801, 4.00%, 10/01/2044		3,326,673		3,261,644
Pool G07849, 3.50%, 05/01/2044		16,573,510		15,842,179
Pool G07995, 5.50%, 01/01/2039		3,465,994		3,577,913
Pool G08105, 5.50%, 01/01/2036		57,450		59,592
Pool G08168, 6.00%, 12/01/2036		50,796		53,597
Pool G08269, 5.50%, 05/01/2038		166,280		171,285
Pool G08372, 4.50%, 11/01/2039		1,025,362		1,038,221
Pool G08518, 3.00%, 02/01/2043		1,156,926		1,074,096
Pool G08528, 3.00%, 04/01/2043		2,964,842		2,752,565
Pool G08534, 3.00%, 06/01/2043		25,163,781		23,362,022
Pool G08540, 3.00%, 08/01/2043		1,976,937		1,835,381
Pool G08595, 4.00%, 07/01/2044		1,130,138		1,106,090
Pool G08609, 3.50%, 10/01/2044		19,027,658		18,079,783
Pool G08622, 3.00%, 01/01/2045		6,879,539		6,340,139
Pool G08672, 4.00%, 10/01/2045		1,683,466		1,645,559
Pool G08677, 4.00%, 11/01/2045		3,788,400		3,703,095
Pool G08681, 3.50%, 12/01/2045		2,811,318		2,655,850
Pool G08694, 4.00%, 02/01/2046		4,934,745		4,771,829
Pool G08706, 3.50%, 05/01/2046		2,115,093		1,998,149
Pool G08721, 3.00%, 09/01/2046		42,723,572		39,242,413
Pool G08759, 4.50%, 04/01/2047		10,110,950		10,129,631
Pool G08780, 4.00%, 09/01/2047		5,685,320		5,536,118
Pool G30974, 3.50%, 01/01/2034		4,933,368		4,850,987
Pool G60038, 3.50%, 01/01/2044		3,742,578		3,577,417
Pool G60039, 3.00%, 04/01/2043		6,850,475		6,359,967
Pool G60181, 4.50%, 01/01/2045		10,511,940		10,579,542
Pool G60365, 5.00%, 02/01/2038		778,197		798,857
Pool G60393, 3.50%, 01/01/2046		11,502,300		10,958,938
Pool G60551, 4.00%, 04/01/2046		3,475,106		3,407,186
Pool G60602, 3.50%, 11/01/2043		2,522,021		2,413,372
Pool G60722, 3.00%, 10/01/2046		27,079,394		24,913,639
Pool G60774, 3.00%, 10/01/2045		13,552,407		12,583,068
Pool G60932, 3.50%, 02/01/2044		11,784,115		11,264,483
Pool G60988, 3.00%, 05/01/2047		25,047,358		23,041,546
Pool G60994, 3.50%, 01/01/2045		11,034,414		10,547,847
Pool G61581, 4.00%, 08/01/2048		9,355,454		9,109,946
Pool G67700, 3.50%, 08/01/2046		12,338,827		11,737,218
Pool G67701, 3.00%, 10/01/2046		44,602,917		41,097,893
Pool G67702, 4.00%, 01/01/2047		20,933,684		20,580,385
Pool G67708, 3.50%, 03/01/2048		56,109,509		53,291,360
Pool Q08998, 3.50%, 06/01/2042		1,341,293		1,284,056
Pool Q10378, 3.00%, 08/01/2042		5,055,697		4,700,074
Pool Q13205, 3.00%, 11/01/2042		18,059,735		16,785,648
Pool Q14875, 3.00%, 01/01/2043		8,741,102		8,118,945
Pool Q16902, 4.00%, 04/01/2043		8,970,650		8,898,985
Pool Q17640, 3.00%, 04/01/2043		2,469,660		2,292,847
Pool Q28765, 4.00%, 05/01/2044		6,702,994		6,634,972
Pool Q45864, 3.00%, 02/01/2047		15,913,862		14,586,634
Pool QB5689, 2.50%, 11/01/2050		20,281,002		17,792,758
Pool QC3874, 2.50%, 07/01/2051		30,335,862		26,549,402
Pool QC6017, 2.50%, 08/01/2051		16,132,579		14,199,992
Pool QC7500, 3.00%, 09/01/2051		14,853,278		13,585,527
Pool QC9160, 3.00%, 10/01/2051		10,290,058		9,322,486
Pool QD0744, 2.50%, 11/01/2051		8,656,535		7,575,477
Pool QE5105, 4.50%, 07/01/2052		32,396,985		32,172,899
Pool QK0430, 2.00%, 09/01/2040		22,164,663		19,405,592
Pool QN6719, 1.50%, 06/01/2036		33,698,934		30,235,868
Pool RA4375, 2.50%, 02/01/2051		37,520,840		32,979,159
Pool RA4562, 2.50%, 02/01/2051		18,959,091		16,642,114
Pool RA4637, 2.50%, 02/01/2051		53,305,151		46,748,137
Pool RA7679, 5.00%, 07/01/2052		93,136,837		93,329,338
Pool RB5086, 2.50%, 11/01/2040		54,178,793		49,156,655
Pool RB5089, 1.50%, 12/01/2040		41,077,846		34,649,503
Pool RB5090, 2.00%, 12/01/2040		75,877,563		66,337,525
Pool RB5105, 2.00%, 03/01/2041		48,591,716		42,436,082
Pool RB5145, 2.00%, 02/01/2042		42,920,910		37,118,765
Pool RC1535, 2.00%, 08/01/2035		38,441,356		35,421,123
Pool SB0743, 3.00%, 01/01/2034		31,840,994		30,941,838
Pool SB0794, 1.50%, 06/01/2036		18,094,834		16,235,262
Pool SB0967, 2.00%, 01/01/2037		29,317,683		27,122,350
Pool SB1138, 1.50%, 06/01/2036		23,467,171		21,092,051
Pool SB8088, 1.50%, 02/01/2036		24,442,886		21,931,844
Pool SB8500, 2.50%, 07/01/2035		4,530,748		4,269,455
Pool SC0052, 3.00%, 02/01/2040		8,500,098		7,974,749
Pool SC0208, 2.00%, 11/01/2041		68,318,999		59,546,675
Pool SC0242, 2.50%, 02/01/2042		9,952,263		8,957,270
Pool SC0392, 4.00%, 06/01/2038		49,716,437		49,339,042
Pool SD0039, 4.00%, 02/01/2046		23,547,142		23,282,855
Pool SD0295, 3.00%, 02/01/2049		35,642,288		32,907,988
Pool SD0580, 3.00%, 04/01/2051		30,084,088		27,376,466
Pool SD0614, 2.50%, 05/01/2051		36,613,763		31,929,348
Pool SD0649, 2.50%, 06/01/2051		15,183,205		13,240,557
Pool SD2164, 5.50%, 01/01/2053		99,078,666		101,117,287
Pool SD2176, 6.00%, 01/01/2053		34,312,671		35,567,398
Pool SD2230, 2.00%, 08/01/2051		46,319,022		38,599,347
Pool SD2903, 2.00%, 03/01/2051		187,823,185		156,578,505
Pool SD3431, 5.50%, 06/01/2053		48,050,447		48,643,158
Pool SD3595, 6.00%, 08/01/2053		24,563,305		25,769,958
Pool SD3860, 6.50%, 09/01/2053		45,984,377		47,981,539
Pool SD3906, 6.00%, 10/01/2053		72,621,695		75,026,689
Pool SD4957, 2.00%, 03/01/2051		39,352,752		32,633,745
Pool SD7507, 3.00%, 11/01/2049		40,404,997		37,068,609
Pool SD7516, 4.00%, 05/01/2050		67,296,231		65,560,608
Pool SD7525, 2.50%, 10/01/2050		7,783,602		6,861,816
Pool SD7526, 2.50%, 10/01/2050		8,073,801		7,090,973
Pool SD7538, 2.00%, 04/01/2051		68,217,250		57,891,444
Pool SD7541, 2.00%, 05/01/2051		28,651,971		24,109,014
Pool SD7548, 2.50%, 11/01/2051		120,795,354		105,865,487
Pool SD7553, 3.00%, 03/01/2052		111,504,401		101,514,739
Pool SD7555, 3.00%, 08/01/2052		84,292,279		76,926,515
Pool SF5020, 3.50%, 01/01/2047		23,152,226		22,047,837
Pool SI2074, 2.00%, 09/01/2050		48,046,853		40,102,069
Pool SI2076, 2.00%, 09/01/2050		32,300,156		26,958,998
Pool SI2077, 2.00%, 09/01/2050		16,017,513		13,368,966
Pool Z40130, 3.00%, 01/01/2046		38,004,042		35,285,358
Pool ZA2494, 3.50%, 02/01/2038		26,516,510		25,649,217
Pool ZL3549, 3.50%, 08/01/2042		22,303,630		21,300,466
Pool ZL3711, 3.50%, 09/01/2042		34,327,350		32,790,505
Pool ZL4646, 3.00%, 01/01/2043		11,877,791		11,014,926
Pool ZM8767, 4.50%, 10/01/2048		7,260,769		7,223,855
Pool ZS4693, 3.00%, 12/01/2046		24,586,444		22,511,109
Pool ZS4724, 4.50%, 06/01/2047		63,870,642		63,848,980
Pool ZS4732, 4.50%, 08/01/2047		16,749,590		16,750,012
Pool ZS7942, 3.00%, 02/01/2033		20,275,439		19,698,047
Pool ZS8577, 2.50%, 08/01/2030		64,076,321		61,728,822
Pool ZT0531, 3.50%, 04/01/2047		41,624,576		39,506,946
Pool ZT1257, 3.00%, 01/01/2046		48,453,383		44,936,482
Pool ZT2262, 3.00%, 06/01/2048		34,473,475		31,069,579
Pool ZT2407, 3.50%, 03/01/2043		32,951,820		31,339,361
Federal National Mortgage Association
Pool 254903, 5.00%, 10/01/2033		5,485,926		5,625,552
Pool 254949, 5.00%, 11/01/2033		14,719		15,093
Pool 257203, 5.00%, 05/01/2028		32,736		32,963
Pool 555285, 6.00%, 03/01/2033		12,992		13,621
Pool 725025, 4.50%, 10/01/2033		4,549,268		4,530,518
Pool 725425, 5.50%, 04/01/2034		1,920,596		1,980,505
Pool 725773, 5.50%, 09/01/2034		51,911		53,531
Pool 735060, 6.00%, 11/01/2034		14,545		15,204
Pool 735228, 5.50%, 02/01/2035		174,589		180,463
Pool 735676, 5.00%, 07/01/2035		1,465,921		1,503,162
Pool 735925, 5.00%, 10/01/2035		706,802		725,031
Pool 745275, 5.00%, 02/01/2036		1,018,697		1,045,392
Pool 745946, 5.50%, 11/01/2036		68,667		71,149
Pool 890355, 3.50%, 09/01/2041		6,022,450		5,765,484
Pool AB0524, 4.00%, 04/01/2039		3,702,222		3,674,392
Pool AB1614, 4.00%, 10/01/2040		10,964,790		10,841,646
Pool AB3745, 4.00%, 10/01/2041		2,078,420		2,055,074
Pool AB6496, 3.00%, 10/01/2042		9,165,305		8,505,330
Pool AB8612, 3.00%, 03/01/2043		13,677,078		12,683,627
Pool AC5442, 4.50%, 11/01/2039		58,291		58,958
Pool AD0249, 5.50%, 04/01/2037		423,817		435,825
Pool AD8522, 4.00%, 08/01/2040		420,780		416,056
Pool AE0828, 3.50%, 02/01/2041		4,145,595		3,968,722
Pool AH0936, 3.50%, 12/01/2040		2,502,968		2,396,159
Pool AI7784, 4.50%, 07/01/2041		2,532,488		2,561,472
Pool AJ1407, 4.00%, 09/01/2041		566,278		559,919
Pool AJ7689, 4.00%, 12/01/2041		2,520,534		2,492,221
Pool AK2400, 4.00%, 02/01/2042		14,452,900		14,266,820
Pool AL0160, 4.50%, 05/01/2041		2,338,577		2,360,908
Pool AL5097, 4.50%, 09/01/2043		3,698,838		3,722,862
Pool AL6340, 5.00%, 06/01/2039		3,555,650		3,645,439
Pool AL7521, 5.00%, 06/01/2039		4,888,648		5,012,923
Pool AL7822, 4.00%, 07/01/2043		9,894,258		9,758,719
Pool AL7954, 5.00%, 07/01/2041		3,944,847		4,044,737
Pool AL8819, 3.50%, 10/01/2043		19,074,436		18,212,811
Pool AL9043, 3.50%, 09/01/2046		3,956,061		3,757,371
Pool AL9555, 4.00%, 02/01/2045		5,932,061		5,865,475
Pool AL9633, 3.00%, 11/01/2043		9,801,669		9,092,694
Pool AL9764, 4.50%, 02/01/2046		10,057,273		10,172,266
Pool AO2970, 3.00%, 05/01/2042		2,495,707		2,318,723
Pool AO8044, 3.50%, 07/01/2042		36,998,193		35,403,029
Pool AP0489, 3.50%, 08/01/2042		2,747,247		2,625,951
Pool AR9195, 3.00%, 03/01/2043		2,660,751		2,467,475
Pool AS0303, 3.00%, 08/01/2043		1,925,072		1,785,332
Pool AS4257, 4.00%, 01/01/2045		2,260,838		2,207,482
Pool AS5831, 4.00%, 09/01/2045		1,680,415		1,640,762
Pool AS6013, 4.00%, 10/01/2045		2,201,249		2,149,304
Pool AS6227, 4.00%, 11/01/2045		8,541,097		8,297,294
Pool AS7150, 3.00%, 05/01/2046		5,894,674		5,430,171
Pool AS7244, 3.50%, 05/01/2046		10,416,479		9,829,710
Pool AS8073, 2.50%, 10/01/2046		11,470,702		10,147,042
Pool AS8470, 3.00%, 12/01/2046		12,321,283		11,337,555
Pool AS9917, 4.00%, 07/01/2047		32,822,545		32,204,424
Pool AT2721, 3.00%, 05/01/2043		13,934,608		12,922,370
Pool AT2725, 3.00%, 05/01/2043		6,553,596		6,077,792
Pool AT5900, 3.00%, 06/01/2043		2,833,530		2,627,819
Pool AU1628, 3.00%, 07/01/2043		1,186,480		1,100,334
Pool AU8844, 4.00%, 11/01/2043		3,535,072		3,477,881
Pool AW8165, 4.00%, 01/01/2042		3,288,247		3,251,326
Pool AX5316, 4.50%, 01/01/2042		3,890,542		3,935,024
Pool AY3374, 3.50%, 04/01/2045		9,636,173		9,170,669
Pool AZ7903, 4.00%, 06/01/2041		4,352,563		4,303,702
Pool AZ9565, 3.50%, 12/01/2045		10,728,315		10,124,050
Pool BC1445, 3.00%, 07/01/2046		4,134,887		3,804,785
Pool BE5069, 3.00%, 11/01/2046		8,659,222		7,989,572
Pool BF0212, 4.50%, 02/01/2041		19,288,374		19,535,677
Pool BF0231, 3.00%, 04/01/2042		21,293,784		20,093,094
Pool BF0241, 3.50%, 05/01/2052		40,196,549		38,031,026
Pool BF0345, 3.00%, 10/01/2043		40,850,628		38,191,465
Pool BF0386, 3.00%, 02/01/2049		10,606,762		9,731,213
Pool BF0414, 3.00%, 11/01/2059		42,718,185		37,918,691
Pool BF0500, 3.00%, 12/01/2054		84,064,507		74,834,276
Pool BF0546, 2.50%, 07/01/2061		8,738,416		7,278,109
Pool BF0617, 2.50%, 03/01/2062		42,414,646		35,339,424
Pool BF0656, 4.00%, 06/01/2062		124,682,422		119,148,580
Pool BH2594, 3.50%, 08/01/2047		4,473,167		4,221,173
Pool BH4101, 3.50%, 10/01/2047		4,259,890		4,019,907
Pool BH7071, 4.50%, 12/01/2047		2,101,825		2,084,365
Pool BH9277, 3.50%, 02/01/2048		21,136,966		19,946,025
Pool BM1031, 3.00%, 09/01/2043		35,293,112		32,730,424
Pool BM1066, 4.00%, 02/01/2047		2,106,382		2,056,659
Pool BM1428, 3.50%, 09/01/2043		16,402,019		15,661,212
Pool BM1753, 4.00%, 05/01/2037		12,163,662		12,078,192
Pool BM2003, 4.00%, 10/01/2047		10,845,493		10,555,896
Pool BM2005, 4.00%, 12/01/2047		13,258,712		12,896,484
Pool BM2007, 4.00%, 09/01/2048		2,888,944		2,810,006
Pool BM3108, 4.50%, 08/01/2046		7,476,895		7,497,842
Pool BM3286, 4.50%, 11/01/2047		3,650,882		3,665,638
Pool BM3972, 2.50%, 04/01/2038		19,522,891		18,166,848
Pool BM3974, 4.00%, 05/01/2038		7,617,673		7,571,672
Pool BM4148, 4.00%, 07/01/2048		11,158,739		10,974,009
Pool BM4746, 3.50%, 02/01/2044		33,277,001		31,780,685
Pool BM4973, 3.50%, 05/01/2043		13,768,465		13,157,916
Pool BM5460, 3.50%, 01/01/2035		17,395,696		17,092,367
Pool BM5478, 4.50%, 01/01/2049		7,549,432		7,551,323
Pool BM5538, 5.00%, 11/01/2048		13,897,141		14,251,751
Pool BM5628, 4.50%, 11/01/2048		10,760,801		10,731,150
Pool BM5784, 3.50%, 05/01/2047		856,203		807,967
Pool BM5787, 4.00%, 08/01/2047		16,304,182		15,934,446
Pool BM5803, 4.50%, 04/01/2039		9,367,737		9,482,214
Pool BM5900, 3.00%, 11/01/2046		18,300,304		16,972,676
Pool BM6825, 3.50%, 06/01/2045		9,731,140		9,268,056
Pool BM7089, 3.00%, 02/01/2052		75,547,548		67,911,962
Pool BQ1226, 2.00%, 09/01/2050		40,227,604		33,474,802
Pool BQ3361, 2.00%, 09/01/2050		39,531,397		32,938,265
Pool BQ9497, 3.00%, 11/01/2050		5,493,191		5,032,010
Pool BT6883, 2.00%, 09/01/2051		11,206,373		9,447,789
Pool BU7102, 2.50%, 12/01/2051		42,871,656		37,297,319
Pool CA4447, 2.50%, 11/01/2034		12,261,493		11,610,564
Pool CA4509, 2.50%, 11/01/2034		9,825,682		9,304,031
Pool CA5146, 3.00%, 02/01/2050		64,353,506		58,972,072
Pool CA5964, 2.00%, 06/01/2040		35,851,239		31,558,564
Pool CA6256, 2.50%, 07/01/2050		90,935,865		79,921,754
Pool CA6307, 2.50%, 07/01/2050		31,452,457		27,428,629
Pool CA6308, 3.00%, 07/01/2050		46,747,019		42,992,257
Pool CA7604, 3.00%, 11/01/2050		60,004,153		55,169,477
Pool CA8230, 2.50%, 12/01/2050		71,111,641		62,387,829
Pool CB0290, 2.00%, 04/01/2051		113,717,722		94,574,519
Pool CB1806, 2.50%, 10/01/2051		35,005,829		30,586,778
Pool CB2162, 3.00%, 11/01/2051		98,150,609		89,444,653
Pool CB2345, 2.00%, 12/01/2051		23,435,536		19,775,956
Pool CB4135, 5.00%, 07/01/2052		103,848,758		103,966,997
Pool CB4140, 5.00%, 07/01/2052		63,339,353		63,444,712
Pool CB5025, 5.50%, 11/01/2052		45,596,991		46,668,510
Pool FM2568, 3.00%, 05/01/2038		10,793,562		10,320,072
Pool FM2743, 3.00%, 02/01/2034		19,404,447		18,843,230
Pool FM2972, 4.00%, 12/01/2044		90,947,960		89,477,793
Pool FM3117, 3.00%, 05/01/2050		34,277,480		31,444,236
Pool FM3160, 4.50%, 02/01/2049		7,796,739		7,729,626
Pool FM3946, 4.00%, 01/01/2049		2,741,061		2,673,463
Pool FM4481, 1.50%, 10/01/2035		26,861,096		24,136,600
Pool FM4561, 2.50%, 10/01/2050		36,961,789		32,427,579
Pool FM4875, 2.50%, 11/01/2050		5,963,641		5,266,701
Pool FM4908, 2.50%, 11/01/2050		50,288,281		43,963,445
Pool FM5024, 2.50%, 12/01/2050		49,331,682		43,020,206
Pool FM5262, 3.50%, 10/01/2040		8,727,436		8,495,163
Pool FM5368, 1.50%, 12/01/2035		50,694,004		45,551,983
Pool FM5535, 2.50%, 01/01/2041		22,727,134		20,611,213
Pool FM6058, 3.50%, 02/01/2037		4,602,029		4,515,583
Pool FM6422, 1.50%, 03/01/2036		2,469,873		2,219,242
Pool FM6990, 3.00%, 08/01/2040		24,649,704		23,140,832
Pool FM7064, 2.50%, 01/01/2051		30,412,417		26,728,878
Pool FM7381, 2.50%, 05/01/2051		32,841,213		28,803,920
Pool FM7466, 2.50%, 05/01/2051		69,767,601		61,614,274
Pool FM7830, 2.50%, 04/01/2051		17,222,491		15,109,741
Pool FM7911, 2.50%, 06/01/2051		23,745,705		20,915,669
Pool FM7962, 2.50%, 07/01/2051		61,640,355		54,322,662
Pool FM8150, 2.00%, 07/01/2051		40,440,317		34,096,296
Pool FM8215, 2.50%, 03/01/2051		18,186,676		15,983,899
Pool FM8318, 2.50%, 07/01/2051		21,201,294		18,540,072
Pool FM8322, 2.00%, 08/01/2051		14,271,902		12,032,761
Pool FM8644, 4.00%, 06/01/2039		7,094,971		7,069,137
Pool FM8804, 2.50%, 09/01/2051		114,458,657		99,869,372
Pool FM9243, 3.00%, 10/01/2051		56,856,500		51,499,890
Pool FM9284, 2.50%, 11/01/2051		26,351,761		23,061,084
Pool FM9479, 2.50%, 11/01/2051		90,892,671		79,302,345
Pool FM9495, 2.00%, 11/01/2051		53,573,440		45,063,924
Pool FM9599, 2.50%, 11/01/2051		30,267,141		26,773,263
Pool FM9671, 2.00%, 12/01/2051		95,708,625		80,537,558
Pool FM9700, 2.00%, 12/01/2051		32,960,339		27,788,086
Pool FM9732, 2.50%, 12/01/2051		71,618,777		62,486,039
Pool FM9781, 2.50%, 12/01/2051		16,020,993		14,019,721
Pool FM9807, 2.00%, 12/01/2051		30,210,953		25,412,084
Pool FM9877, 2.50%, 12/01/2051		118,674,628		104,273,829
Pool FP0057, 4.00%, 08/01/2050		24,251,094		24,031,053
Pool FS0192, 2.50%, 01/01/2052		40,303,377		35,209,068
Pool FS0216, 2.00%, 01/01/2037		26,568,497		24,539,160
Pool FS0493, 3.00%, 02/01/2052		22,107,327		20,139,347
Pool FS0585, 3.00%, 02/01/2052		27,248,841		24,825,633
Pool FS0739, 3.50%, 02/01/2052		27,444,008		25,717,559
Pool FS1005, 2.00%, 02/01/2042		35,285,488		30,702,125
Pool FS1009, 2.00%, 02/01/2042		36,576,047		31,859,228
Pool FS1093, 3.50%, 04/01/2052		77,701,515		72,719,438
Pool FS1115, 2.50%, 05/01/2051		59,244,620		52,615,947
Pool FS1120, 3.00%, 03/01/2052		61,723,162		55,985,096
Pool FS1226, 4.00%, 05/01/2049		6,369,759		6,195,704
Pool FS1365, 2.50%, 03/01/2042		43,865,673		39,313,832
Pool FS1974, 1.50%, 02/01/2036		35,423,909		31,827,608
Pool FS2111, 4.50%, 10/01/2045		92,767,628		93,142,106
Pool FS2166, 4.50%, 07/01/2052		13,782,184		13,682,413
Pool FS2488, 2.50%, 10/01/2034		37,243,707		35,268,071
Pool FS2917, 3.00%, 11/01/2033		29,767,219		28,963,375
Pool FS2918, 3.00%, 09/01/2033		22,280,401		21,624,281
Pool FS4603, 2.00%, 05/01/2042		119,462,521		104,410,936
Pool FS4654, 2.00%, 07/01/2051		74,739,306		62,309,541
Pool FS4973, 3.50%, 06/01/2032		49,670,866		48,765,535
Pool FS5120, 6.00%, 07/01/2053		10,861,551		11,365,717
Pool FS5760, 3.50%, 11/01/2048		49,923,979		47,161,455
Pool FS5788, 6.50%, 09/01/2053		26,495,106		27,702,117
Pool FS5799, 2.50%, 09/01/2050		28,967,835		25,261,967
Pool FS5815, 3.00%, 04/01/2048		79,533,918		73,763,805
Pool FS5816, 3.50%, 07/01/2047		34,927,095		33,371,359
Pool FS8752, 6.00%, 08/01/2054		51,418,045		53,346,405
Pool FS8915, 2.00%, 08/01/2042		52,538,859		45,808,663
Pool MA0140, 4.50%, 08/01/2029		286,908		288,201
Pool MA0171, 4.50%, 09/01/2029		317,568		318,999
Pool MA0583, 4.00%, 12/01/2040		2,653,841		2,624,034
Pool MA0949, 3.50%, 01/01/2032		12,426,779		12,201,088
Pool MA1200, 3.00%, 10/01/2032		657,568		632,017
Pool MA1275, 3.00%, 12/01/2032		1,322,038		1,269,292
Pool MA1608, 3.50%, 10/01/2033		6,866,385		6,718,627
Pool MA1764, 4.00%, 01/01/2034		2,197,082		2,189,794
Pool MA1922, 4.00%, 06/01/2034		2,869,723		2,854,258
Pool MA1960, 4.00%, 07/01/2034		28,443,664		28,351,052
Pool MA2019, 4.00%, 09/01/2034		3,255,632		3,245,173
Pool MA2287, 3.00%, 06/01/2035		4,318,276		4,109,760
Pool MA2804, 3.00%, 11/01/2036		13,241,409		12,610,526
Pool MA2841, 2.50%, 12/01/2036		7,205,835		6,703,076
Pool MA3183, 4.00%, 11/01/2047		8,414,856		8,184,937
Pool MA3281, 4.00%, 02/01/2038		9,320,568		9,238,175
Pool MA3305, 3.50%, 03/01/2048		18,999,643		17,929,081
Pool MA3333, 4.00%, 04/01/2048		28,911,620		28,121,685
Pool MA3468, 4.50%, 09/01/2048		8,314,331		8,266,820
Pool MA4047, 2.00%, 06/01/2050		118,136,690		98,563,156
Pool MA4119, 2.00%, 09/01/2050		40,516,895		33,709,987
Pool MA4159, 2.50%, 10/01/2050		62,466,013		54,474,428
Pool MA4175, 1.50%, 11/01/2040		126,956,814		107,197,129
Pool MA4182, 2.00%, 11/01/2050		211,144,332		175,653,713
Pool MA4202, 1.50%, 12/01/2040		39,593,986		33,398,770
Pool MA4206, 2.00%, 12/01/2035		41,412,689		38,158,963
Pool MA4208, 2.00%, 12/01/2050		60,148,482		50,136,099
Pool MA4501, 2.00%, 12/01/2041		115,963,515		100,865,230
Pool MA4540, 2.00%, 02/01/2042		12,322,191		10,712,023
Pool MA4570, 2.00%, 03/01/2042		63,453,984		55,162,104
Series 1998-66, Class C, 6.00%, 12/25/2028		253		253
Freddie Mac Seasoned Credit Risk Transfer Trust
Series 2019-4, Class MA, 3.00%, 02/25/2059 (Callable 02/25/2051)		28,590,964		27,066,462
Series 2020-2, Class MT, 2.00%, 11/25/2059 (Callable 08/25/2043)		51,378,782		42,103,114
Series 2020-3, Class MT, 2.00%, 05/25/2060 (Callable 07/25/2046)		34,159,650		28,052,557
Series 2021-3, Class MTU, 2.50%, 03/25/2061 (Callable 12/25/2048)		62,906,438		52,420,243
Series 2022-1, Class MTU, 3.25%, 11/25/2061 (Callable 10/25/2045)		50,290,178		44,965,600
Ginnie Mae II Pool
Pool 784551, 3.00%, 11/20/2046		17,792,588		16,519,138
Pool 785025, 3.50%, 02/20/2050		55,172,336		52,306,706
Pool 785433, 2.50%, 04/20/2051		58,406,565		51,168,859
Pool 785447, 2.50%, 03/20/2051		43,953,994		38,215,309
Pool 785531, 2.50%, 06/20/2051		30,312,800		26,556,334
Pool 785558, 2.50%, 07/20/2051		101,435,616		88,607,377
Pool 785575, 2.50%, 08/20/2051		86,368,556		74,638,058
Pool 785615, 2.50%, 08/20/2051		33,439,635		29,182,325
Pool 786333, 4.00%, 04/20/2052		23,732,605		22,948,698
Pool 786809, 5.50%, 06/20/2053		46,348,119		47,228,704
Pool 786812, 5.50%, 07/20/2053		18,483,744		18,959,814
Pool 786904, 6.00%, 08/20/2053		26,486,098		27,195,470
Pool 787026, 6.00%, 10/20/2053		32,435,520		33,241,958
Pool 787253, 6.00%, 02/20/2054		81,135,851		83,465,507
Pool 787312, 2.50%, 03/20/2052		124,459,480		109,668,740
Pool 787313, 2.50%, 09/20/2051		87,731,495		76,167,566
Pool 787387, 5.50%, 04/20/2054		36,022,760		36,519,166
Pool MA0154, 3.50%, 06/20/2042		25,681,543		24,666,151
Pool MA0220, 3.50%, 07/20/2042		38,589,839		37,046,230
Pool MA0318, 3.50%, 08/20/2042		17,134,582		16,441,263
Pool MA1157, 3.50%, 07/20/2043		18,017,279		17,277,552
Pool MA1225, 4.00%, 08/20/2043		25,747,673		25,469,619
Pool MA1286, 4.00%, 09/20/2043		36,513,152		35,995,692
Pool MA1376, 4.00%, 10/20/2043		3,933,813		3,888,501
Pool MA1449, 4.00%, 11/20/2043		36,198,500		35,774,103
Pool MA1677, 3.50%, 02/20/2044		27,225,507		26,076,923
Pool MA2224, 4.00%, 09/20/2044		15,332,288		15,124,151
Pool MA2522, 4.00%, 01/20/2045		3,308,170		3,263,255
Pool MA3375, 3.00%, 01/20/2046		20,433,496		18,932,948
Pool MA3597, 3.50%, 04/20/2046		23,763,851		22,639,286
Pool MA3663, 3.50%, 05/20/2046		14,848,968		14,143,671
Pool MA3736, 3.50%, 06/20/2046		24,737,219		23,543,739
Pool MA4385, 5.00%, 04/20/2047		652,468		665,441
Pool MA4509, 3.00%, 06/20/2047		10,659,168		9,819,932
Pool MA4721, 4.50%, 09/20/2047		3,164,114		3,177,580
Pool MA4963, 4.00%, 01/20/2048		4,407,088		4,309,375
Pool MA5765, 5.00%, 02/20/2049		32,027,057		32,435,116
Pool MA7990, 4.00%, 04/20/2052		16,849,776		16,303,416
Pool MA8571, 6.00%, 01/20/2053		31,408,502		32,156,258
Government National Mortgage Association (GNMA)
Pool 3474, 6.00%, 11/20/2033		13,942		14,505
Pool 4747, 5.00%, 07/20/2040		545,463		560,152
Pool 5202, 3.50%, 10/20/2041		2,712,038		2,613,617
Pool 778793, 3.50%, 01/15/2042		4,610,214		4,450,488
Pool AL9364, 3.50%, 03/20/2045		5,267,306		4,999,652
Pool MA0155, 4.00%, 06/20/2042		2,978,257		2,956,191
Pool MA0392, 3.50%, 09/20/2042		79,599,852		76,305,315
Pool MA0699, 3.50%, 01/20/2043		24,065,534		23,071,416
Pool MA2753, 3.00%, 04/20/2045		6,182,323		5,741,396
Pool MA2754, 3.50%, 04/20/2045		7,567,663		7,222,327
Pool MA3035, 4.00%, 08/20/2045		2,666,025		2,631,301
Pool MA3378, 4.50%, 01/20/2046		4,473,223		4,496,240
Pool MA3598, 4.00%, 04/20/2046		2,902,500		2,856,835
Pool MA3664, 4.00%, 05/20/2046		7,032,213		6,918,107
Pool MA4512, 4.50%, 06/20/2047		10,040,588		10,061,614
Pool MA4588, 4.50%, 07/20/2047		2,362,753		2,367,701
TOTAL AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES (Cost $10,769,462,402)				10,345,350,721
NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 4.8%		Par		Value
Arroyo Mortgage Trust
Series 2019-3, Class A1, 2.96%, 10/25/2048 (Callable 10/25/2024) (a)(e)		7,595,630		7,207,010
Series 2020-1, Class A1A, 1.66%, 03/25/2055 (Callable 10/25/2024) (a)		6,498,441		6,166,309
Bayview Financial Acquisition Trust, Series 2007-B, Class 1A2, 7.33%, 08/28/2047 (Callable 10/28/2024) (d)		732,968		647,912
Bear Stearns Asset Backed Securities Trust, Series 2004-AC2, Class 2A, 5.00%, 05/25/2034 (Callable 10/25/2024)		105,604		89,989
BRAVO Residential Funding Trust, Series 2023-RPL1, Class A1, 5.00%, 05/25/2063 (Callable 03/25/2043) (a)(e)		86,396,785		86,982,788
Chase Mortgage Finance Corp.
Series 2023-RPL1, Class A1, 3.50%, 06/25/2062 (Callable 02/25/2047) (a)(e)		111,349,626		104,540,296
Series 2023-RPL2, Class A1, 3.25%, 03/25/2063 (Callable 12/25/2051) (a)(e)		60,957,137		55,577,012
Series 2023-RPL3, Class A1, 3.25%, 09/25/2063 (Callable 01/25/2045) (a)(e)		120,212,019		109,507,391
Series 2024-RPL1, Class A1A, 3.25%, 03/25/2064 (Callable 06/25/2045) (a)(e)		65,814,287		59,860,351
Series 2024-RPL3, Class A1A, 3.25%, 09/25/2064 (Callable 11/25/2052) (a)(e)		58,750,007		53,276,950
CIM Trust
Series 2022-R2, Class A1, 3.75%, 12/25/2061 (Callable 05/25/2027) (a)(e)		45,933,934		43,639,892
Series 2022-R3, Class A1, 4.50%, 03/25/2062 (Callable 09/25/2027) (a)(e)		52,515,255		51,749,210
Series 2023-R2, Class A1, 5.50%, 08/25/2064 (Callable 03/25/2028) (a)(e)		80,487,829		81,433,336
Citigroup Mortgage Loan Trust, Inc., Series 2005-9, Class 2A2, 5.50%, 11/25/2035 (Callable 10/25/2024)		6,119		4,945
Countrywide Alternative Loan Trust
Series 2006-28CB, Class A17, 6.00%, 10/25/2036 (Callable 10/25/2024)		392,115		195,503
Series 2006-43CB, Class 2A1, 6.00%, 10/25/2024 (Callable 10/25/2024)		4,135		4,113
Countrywide Asset-Backed Certificates
Series 2004-S1, Class A3, 5.12%, 02/25/2035 (Callable 10/25/2024) (d)		45,083		44,713
Series 2005-10, Class AF6, 4.14%, 02/25/2036 (Callable 10/25/2024) (e)		1,639		1,625
Series 2005-17, Class 1AF5, 5.56%, 05/25/2036 (Callable 10/25/2024) (e)		36,050		34,111
Credit Suisse Management LLC, Series 2003-AR26, Class 8A1, 6.43%, 11/25/2033 (Callable 10/25/2024) (e)		1,956,169		1,851,454
First Horizon Alternative Mortgage Securities, Series 2006-FA6, Class 3A1, 5.75%, 10/25/2024 (Callable 10/25/2024)		1,603		704
FirstKey Homes Trust
Series 2021-SFR1, Class A, 1.54%, 08/17/2038 (a)		133,242,180		126,605,880
Series 2021-SFR2, Class A, 1.38%, 09/17/2038 (a)		46,712,866		44,016,146
Series 2022-SFR1, Class A, 4.15%, 05/19/2039 (a)		120,201,911		119,106,210
Series 2022-SFR3, Class A, 4.25%, 07/17/2038 (a)		55,483,252		55,037,405
Home Partners of America Trust, Series 2021-2, Class A, 1.90%, 12/17/2026 (a)		104,044,953		98,332,219
Impac CMB Trust, Series 2004-4, Class 2A2, 5.29%, 09/25/2034 (Callable 10/25/2024) (d)		36,322		41,418
Imperial Fund Mortgage Trust, Series 2022-NQM3, Class A1, 4.38%, 05/25/2067 (Callable 04/25/2025) (a)(d)		5,713,261		5,661,789
JP Morgan Mortgage Trust
Series 2006-A7, Class 2A4R, 4.44%, 01/25/2037 (Callable 10/25/2024) (e)		175,843		137,754
Series 2007-A1, Class 5A2, 5.70%, 07/25/2035 (Callable 01/25/2030) (e)		541,885		546,980
Series 2007-A1, Class 5A5, 5.70%, 07/25/2035 (Callable 01/25/2030) (e)		820,501		828,901
Series 2007-A2, Class 2A3, 5.61%, 04/25/2037 (Callable 10/25/2024) (e)		528,985		394,133
METLIFE SECURITIZATION TRUST, Series 2019-1A, Class A1A, 3.75%, 04/25/2058 (Callable 09/25/2037) (a)(e)		3,582,283		3,520,558
Mill City Mortgage Trust, Series 2021-NMR1, Class A1, 1.13%, 11/25/2060 (Callable 04/25/2043) (a)(e)		10,813,596		10,272,755
MLCC Mortgage Investors, Inc., Series 2004-F, Class A1A, 6.16%, 12/25/2029 (Callable 10/25/2024) (e)		1,351,289		1,303,068
Morgan Stanley Mortgage Loan Trust, Series 2004-7AR, Class 2A1, 6.16%, 09/25/2034 (Callable 12/25/2028) (e)		558,662		551,219
New Residential Mortgage Loan Trust
Series 2017-2A, Class A3, 4.00%, 03/25/2057 (Callable 05/25/2030) (a)(e)		3,850,577		3,735,954
Series 2017-3A, Class A1, 4.00%, 04/25/2057 (Callable 12/25/2032) (a)(e)		5,487,434		5,350,880
Series 2017-4A, Class A1, 4.00%, 05/25/2057 (Callable 10/25/2032) (a)(e)		8,183,011		7,924,356
Series 2018-1A, Class A1A, 4.00%, 12/25/2057 (Callable 03/25/2033) (a)(e)		4,336,760		4,232,855
Onslow Bay Mortgage Loan Trust
Series 2022-NQM2, Class A1, 2.97%, 01/25/2062 (Callable 02/25/2025) (a)(e)		75,544,271		71,324,927
Series 2024-HYB1, Class A1, 3.60%, 03/25/2053 (Callable 11/25/2041) (a)(e)		35,495,993		34,659,658
Series 2024-HYB2, Class A1, 3.62%, 04/25/2053 (Callable 01/25/2036) (a)(e)		40,958,111		40,716,839
Progress Residential Trust
Series 2021-SFR8, Class A, 1.51%, 10/17/2038 (a)		72,682,801		68,663,646
Series 2023-SFR2, Class A, 4.50%, 10/17/2040 (a)		14,275,000		14,236,586
RALI Trust, Series 2004-QS6, Class A1, 5.00%, 10/25/2024 (Callable 10/25/2024)		6,134		5,372
Renaissance NIM Trust, Series 2007-1, Class AF3, 5.61%, 04/25/2037 (Callable 06/25/2032) (d)		2,482,525		641,151
Rithm Capital Corp.
Series 2020-1A, Class A1B, 3.50%, 10/25/2059 (Callable 07/25/2039) (a)(e)		8,650,216		8,181,920
Series 2022-NQM2, Class A1, 3.08%, 03/27/2062 (Callable 10/25/2024) (a)(e)		30,562,186		28,739,649
Series 2024-NQM2, Class A1, 5.12%, 09/25/2064 (Callable 01/25/2030) (a)(e)		59,905,000		60,004,772
Starwood Mortgage Residential Trust
Series 2021-4, Class A1, 1.16%, 08/25/2056 (Callable 10/25/2024) (a)(e)		27,028,190		23,803,605
Series 2022-4, Class A1, 5.19%, 05/25/2067 (Callable 06/25/2025) (a)(d)		46,339,850		46,139,486
Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A1, 5.95%, 09/25/2034 (Callable 10/25/2024) (e)		402,485		393,118
Thornburg Mortgage Securities Trust, Series 2003-5, Class 3A, 5.70%, 10/25/2043 (Callable 10/25/2024) (e)		2,841,260		2,760,423
Towd Point Mortgage Trust
Series 2017-6, Class A1, 2.75%, 10/25/2057 (Callable 07/25/2028) (a)(e)		9,353,618		9,102,910
Series 2018-1, Class A1, 3.00%, 01/25/2058 (Callable 12/25/2027) (a)(e)		733,393		719,911
Series 2018-4, Class A1, 3.00%, 06/25/2058 (Callable 03/25/2031) (a)(e)		11,087,095		10,511,587
Series 2018-6, Class A1A, 3.75%, 03/25/2058 (Callable 09/25/2031) (a)(e)		5,504,041		5,435,111
Series 2019-1, Class A1, 3.75%, 03/25/2058 (Callable 10/25/2028) (a)(e)		18,774,525		18,266,374
Series 2019-4, Class A1, 2.90%, 10/25/2059 (Callable 04/25/2033) (a)(e)		53,475,402		51,342,557
Series 2020-2, Class A1A, 1.64%, 04/25/2060 (Callable 11/25/2030) (a)(e)		122,991,889		112,053,138
Series 2020-4, Class A1, 1.75%, 10/25/2060 (Callable 02/25/2031) (a)		58,230,038		52,930,767
Series 2022-2, Class A1, 3.75%, 07/01/2062 (Callable 09/25/2031) (a)(e)		144,049,519		136,811,736
Series 2022-3, Class A1, 3.75%, 08/01/2062 (Callable 01/25/2030) (a)(e)		139,995,259		134,876,039
Series 2023-1, Class A1, 3.75%, 01/25/2063 (Callable 01/25/2032) (a)		56,881,404		54,691,425
Series 2024-1, Class A1, 4.53%, 03/25/2064 (Callable 11/25/2032) (a)(e)		139,342,207		140,822,258
Series 2024-3, Class A1A, 5.13%, 07/25/2065 (Callable 12/25/2030) (a)(e)		87,253,100		88,155,279
WaMu Mortgage Pass Through Certificates
Series 2004-AR14, Class A1, 5.34%, 01/25/2035 (Callable 10/25/2024) (e)		2,612,488		2,411,608
Series 2004-CB2, Class 3A, 6.00%, 08/25/2034 (Callable 10/25/2024)		1,999,392		2,032,296
Series 2004-CB3, Class 2A, 6.50%, 10/25/2034 (Callable 10/25/2024)		884,080		906,522
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES (Cost $2,376,649,487)				2,371,756,764
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.1%		Par		Value
BANK-2017
Series 2017-BNK4, Class A3, 3.36%, 05/15/2050 (Callable 04/15/2027)		30,681,557		29,919,044
Series 2017-BNK4, Class A4, 3.63%, 05/15/2050 (Callable 04/15/2027)		44,535,000		43,343,711
Series 2017-BNK5, Class A5, 3.39%, 06/15/2060 (Callable 07/15/2027)		22,501,000		21,848,406
Series 2017-BNK7, Class A4, 3.18%, 09/15/2060 (Callable 09/15/2027)		21,500,000		20,836,190
Series 2017-BNK7, Class A5, 3.44%, 09/15/2060 (Callable 09/15/2027)		350,000		339,776
Series 2017-BNK8, Class A4, 3.49%, 11/15/2050 (Callable 11/15/2027)		67,663,000		64,062,415
Series 2017-BNK9, Class A4, 3.54%, 11/15/2054 (Callable 12/15/2029)		98,103,000		94,628,172
BANK-2018
Series 2018-BN10, Class A5, 3.69%, 02/15/2061 (Callable 02/15/2028)		11,050,000		10,771,239
Series 2018-BN12, Class A4, 4.26%, 05/15/2061 (Callable 05/15/2028) (e)		15,302,008		15,159,973
Series 2018-BN13, Class A5, 4.22%, 08/15/2061 (Callable 08/15/2028) (e)		8,565,000		8,445,506
BANK-2019, Series 2019-BN21, Class A5, 2.85%, 10/17/2052 (Callable 10/15/2029)		39,560,000		36,275,108
BANK-2020, Series 2020-BN29, Class A4, 2.00%, 11/15/2053 (Callable 12/15/2030)		66,985,000		56,479,555
BANK-2022, Series 2022-BNK44, Class A5, 5.94%, 11/15/2055 (Callable 11/15/2032) (e)		56,200,000		60,837,748
BANK5 Trust
Series 2023-5YR3, Class A2, 6.26%, 09/15/2056 (Callable 09/15/2028)		68,844,693		72,392,804
Series 2024-5YR7, Class A3, 5.77%, 06/15/2057 (Callable 06/15/2029)		93,975,000		98,332,292
BBCMS Trust, Series 2022-C15, Class ASB, 3.68%, 04/15/2055 (Callable 04/15/2032) (e)		7,104,000		6,884,909
Benchmark Mortgage Trust
Series 2018-B6, Class A4, 4.26%, 10/10/2051 (Callable 10/10/2028)		20,140,000		19,736,783
Series 2018-B8, Class A5, 4.23%, 01/15/2052 (Callable 12/15/2028)		24,235,000		23,693,573
Series 2019-B14, Class A5, 3.05%, 12/15/2062 (Callable 11/15/2029)		28,769,000		26,683,299
Series 2020-B19, Class A5, 1.85%, 09/15/2053 (Callable 10/15/2030)		43,291,000		36,445,351
Series 2020-B20, Class A5, 2.03%, 10/15/2053 (Callable 10/15/2030)		31,916,000		26,861,160
Series 2020-B21, Class A5, 1.98%, 12/17/2053 (Callable 12/15/2030)		35,697,743		30,655,294
Series 2021-B24, Class A5, 2.58%, 03/15/2054 (Callable 03/15/2031)		26,400,000		22,965,547
Series 2021-B31, Class A5, 2.67%, 12/15/2054 (Callable 12/15/2031)		29,775,000		26,310,033
Series 2023-V3, Class A2, 5.90%, 07/15/2056 (Callable 07/15/2028)		36,950,000		38,494,310
Series 2024-V10, Class A2, 4.80%, 10/15/2029 (Callable 10/15/2029)		82,675,000		83,277,866
Cantor Commercial Real Estate Lending LP, Series 2019-CF3, Class A4, 3.01%, 01/15/2053 (Callable 12/15/2029)		5,651,725		5,152,684
CCUBS Commercial Mortgage Trust, Series 2017-C1, Class A4, 3.54%, 11/15/2050 (Callable 12/15/2027) (e)		9,000,279		8,647,188
CFCRE Commercial Mortgage Trust
Series 2016-C3, Class A3, 3.87%, 01/10/2048 (Callable 01/10/2026)		18,107,455		17,907,360
Series 2016-C4, Class A4, 3.28%, 05/10/2058 (Callable 05/10/2026)		36,650,980		35,889,116
Citigroup Commercial Mortgage Trust
Series 2015-GC29, Class A4, 3.19%, 04/10/2048 (Callable 04/10/2025)		17,480,000		17,283,693
Series 2015-GC33, Class A4, 3.78%, 09/10/2058 (Callable 05/10/2026)		8,600,000		8,472,174
Series 2015-GC35, Class A4, 3.82%, 11/10/2048 (Callable 10/10/2027)		68,175,000		66,718,339
Series 2017-P7, Class A4, 3.71%, 04/14/2050 (Callable 04/14/2027)		12,275,000		11,868,958
Series 2017-P8, Class A4, 3.47%, 09/15/2050 (Callable 09/15/2027)		22,000,000		21,112,342
Series 2019-C7, Class A4, 3.10%, 12/15/2072 (Callable 12/15/2029)		23,480,000		21,971,638
Citigroup/Deutsche Bank Commercial Mortgage Trust
Series 2016-C3, Class ASB, 2.76%, 08/10/2049 (Callable 08/10/2026)		3,809,286		3,750,099
Series 2016-CD1, Class A4, 2.72%, 08/10/2049 (Callable 08/10/2027)		48,986,454		46,407,415
Series 2017-C6, Class A5, 3.33%, 06/10/2050 (Callable 04/10/2028)		22,800,000		21,877,366
Series 2017-CD3, Class A4, 3.63%, 02/10/2050 (Callable 08/10/2027)		7,200,000		6,831,230
Series 2018-CD7, Class A4, 4.28%, 08/15/2051 (Callable 08/15/2028)		7,400,000		7,293,636
Series 2020-C9, Class A5, 1.93%, 08/15/2053 (Callable 09/15/2030)		22,555,000		19,528,013
Computershare Corporate Trust
Series 2015-P2, Class A3, 3.54%, 12/15/2048 (Callable 12/15/2025)		20,519,067		20,263,250
Series 2015-SG1, Class A4, 3.79%, 09/15/2048 (Callable 08/15/2025)		28,583,779		28,216,069
Series 2015-SG1, Class ASB, 3.56%, 09/15/2048 (Callable 08/15/2025)		909,914		907,078
Series 2016-C34, Class A4, 3.10%, 06/15/2049 (Callable 05/15/2026)		10,250,000		9,916,664
Series 2016-C35, Class A4, 2.93%, 07/15/2048 (Callable 07/15/2026)		25,670,000		24,932,963
Series 2017-C42, Class A4, 3.59%, 12/15/2050 (Callable 12/15/2027)		7,315,000		6,981,996
Series 2017-RC1, Class A4, 3.63%, 01/15/2060 (Callable 03/15/2027)		14,349,000		14,049,096
Series 2019-C50, Class ASB, 3.64%, 05/15/2052 (Callable 05/15/2029)		18,468,082		18,338,705
Series 2019-C51, Class A4, 3.31%, 06/15/2052 (Callable 06/15/2029)		22,581,000		21,076,399
Series 2019-C52, Class A5, 2.89%, 08/15/2052 (Callable 08/15/2029)		10,000,000		9,240,994
Series 2019-C54, Class A4, 3.15%, 12/15/2052 (Callable 11/15/2029)		30,610,609		28,699,794
CSAIL Commercial Mortgage Trust
Series 2016-C7, Class A5, 3.50%, 11/15/2049 (Callable 11/15/2026)		5,000,000		4,835,949
Series 2018-CX11, Class A4, 3.77%, 04/15/2051 (Callable 04/15/2028)		11,440,000		11,262,442
Series 2018-CX11, Class A5, 4.03%, 04/15/2051 (Callable 04/15/2028) (e)		22,023,039		21,708,035
Series 2018-CX12, Class A4, 4.22%, 08/15/2051 (Callable 08/15/2028) (e)		18,608,000		18,241,223
Series 2019-C16, Class A3, 3.33%, 06/15/2052 (Callable 06/15/2029)		30,690,000		28,762,337
Series 2019-C17, Class A5, 3.02%, 09/15/2052 (Callable 09/15/2029)		16,475,000		15,125,386
DBGS Mortgage Trust, Series 2018-C1, Class A4, 4.47%, 10/15/2051 (Callable 10/15/2028)		19,875,000		19,358,439
GS Mortgage Securities Corp. II
Series 2015-GS1, Class A3, 3.73%, 11/10/2048 (Callable 11/10/2025)		30,493,248		29,902,008
Series 2017-GS8, Class A4, 3.47%, 11/10/2050 (Callable 11/10/2027)		23,655,000		22,929,754
JP Morgan Chase Commercial Mortgage Securities, Series 2017-JP7, Class A5, 3.45%, 09/15/2050 (Callable 08/15/2027)		9,000,000		8,618,591
JPMBB Commercial Mortgage Securities Trust
Series 2015-C28, Class A4, 3.23%, 10/15/2048 (Callable 04/15/2025)		16,688,500		16,549,822
Series 2015-C30, Class A5, 3.82%, 07/15/2048 (Callable 07/15/2025)		22,658,000		22,154,893
JPMDB Commercial Mortgage Securities Trust
Series 2016-C2, Class A4, 3.14%, 06/15/2049 (Callable 05/15/2026)		19,890,000		19,227,786
Series 2017-C5, Class A5, 3.69%, 03/15/2050 (Callable 08/15/2027)		24,380,000		23,638,202
Series 2017-C7, Class A5, 3.41%, 10/15/2050 (Callable 11/15/2027)		17,170,000		16,498,608
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2016-C30, Class A5, 2.86%, 09/15/2049 (Callable 10/15/2026)		25,169,000		24,222,401
Series 2016-C31, Class A5, 3.10%, 11/15/2049 (Callable 11/15/2026)		5,850,000		5,604,099
Series 2017-C34, Class A4, 3.54%, 11/15/2052 (Callable 10/15/2027)		41,287,079		39,723,133
Morgan Stanley Capital I Trust 2014-MP, Series 2015-UBS8, Class A4, 3.81%, 12/15/2048 (Callable 12/15/2025)		72,094,000		70,921,088
Morgan Stanley Capital I, Inc.
Series 2016-UB12, Class A4, 3.60%, 12/15/2049 (Callable 12/15/2026)		8,500,000		8,232,857
Series 2018-H3, Class A5, 4.18%, 07/15/2051 (Callable 07/15/2028)		22,101,510		21,737,858
Series 2018-H4, Class A3, 4.04%, 12/15/2051 (Callable 01/15/2029)		9,291,667		9,133,534
Series 2018-H4, Class A4, 4.31%, 12/15/2051 (Callable 01/15/2029)		6,750,000		6,647,461
UBS Commercial Mortgage Trust
Series 2017-C2, Class A4, 3.49%, 08/15/2050 (Callable 08/15/2027)		2,500,000		2,416,220
Series 2018-C11, Class A5, 4.24%, 06/15/2051 (Callable 07/15/2028) (e)		16,652,859		16,340,783
Series 2019-C17, Class A4, 2.92%, 10/15/2052 (Callable 10/15/2029)		71,060,966		65,076,396
Series 2019-C18, Class A4, 3.04%, 12/15/2052 (Callable 12/15/2029)		6,280,000		5,799,059
WF-RBS Commercial Mortgage Trust, Series 2014-C23, Class A5, 3.92%, 10/15/2057 (Callable 08/15/2027)		63,704		63,479
TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost $2,130,135,882)				2,033,746,166
ASSET BACKED SECURITIES - 3.0%		Par		Value
Capital One Financial Corp., Series 2023-A1, Class A, 4.42%, 05/15/2028		39,098,000		39,253,321
Chase Auto Owner Trust, Series 2024-2A, Class A3, 5.52%, 06/25/2029 (Callable 10/25/2027) (a)		83,500,000		85,702,713
Citizens Auto Receivables Trust, Series 2023-1, Class A3, 5.84%, 01/18/2028 (Callable 02/15/2027) (a)		78,500,000		79,644,954
Fifth Third Auto Trust, Series 2023-1, Class A3, 5.53%, 08/15/2028 (Callable 02/15/2027)		70,525,000		71,524,057
First National Master Note Trust
Series 2023-1, Class A, 5.13%, 04/15/2029		63,134,000		63,800,727
Series 2023-2, Class A, 5.77%, 09/15/2029		52,200,000		53,618,013
Series 2024-1, Class A, 5.34%, 05/15/2030		41,875,000		42,995,621
Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85%, 08/15/2035 (Callable 02/15/2028) (a)		180,789,000		184,125,172
Ford Credit Floorplan LLC, Series 2023-1, Class A1, 4.92%, 05/15/2028 (a)		49,875,000		50,372,104
General Motors Co.
Series 2023-1, Class A1, 5.34%, 06/15/2028 (a)		10,300,000		10,478,251
Series 2023-2, Class A, 5.34%, 06/15/2030 (a)		25,000,000		25,966,890
Series 2024-1A, Class A1, 5.13%, 03/15/2029 (a)		8,000,000		8,189,050
GM Financial Revolving Receivables Trust
Series 2022-1, Class A, 5.91%, 10/11/2035 (Callable 11/11/2027) (a)		64,950,000		68,368,059
Series 2024-1, Class A, 4.98%, 12/11/2036 (Callable 03/11/2029) (a)		11,577,000		11,885,294
IPFS Corp.
Series 2023-A, Class A, 5.80%, 03/15/2028 (a)		84,870,000		86,526,272
Series 2024-F, Class A, 4.75%, 08/15/2029 (a)		35,175,000		35,582,027
Kubota Credit Owner Trust, Series 2023-2A, Class A3, 5.28%, 01/18/2028 (Callable 04/15/2027) (a)		18,750,000		19,039,882
Navient Student Loan Trust
Series 2021-GA, Class A, 1.58%, 04/15/2070 (Callable 12/15/2029) (a)		12,931,923		11,578,805
Series 2022-A, Class A, 2.23%, 07/15/2070 (Callable 03/15/2030) (a)		20,091,234		18,345,800
Series 2022-BA, Class A, 4.16%, 10/15/2070 (Callable 05/15/2030) (a)		48,320,812		47,703,528
Series 2023-A, Class A, 5.51%, 10/15/2071 (Callable 06/15/2033) (a)		56,007,567		57,293,125
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36%, 04/20/2062 (Callable 09/20/2029) (a)		25,059,080		23,219,164
SBA Depositor LLC, 1.84%, 04/15/2027 (Callable 04/15/2026) (a)		94,050,000		87,489,617
SMB Private Education Loan Trust, Series 2024-D, Class A1A, 5.38%, 07/15/2053 (a)		122,186,424		125,377,030
Synchrony Bank
Series 2023-A1, Class A, 5.54%, 07/15/2029		73,400,000		74,949,657
Series 2024-A1, Class A, 5.04%, 03/15/2030		14,625,000		14,909,575
Towd Point Asset Trust, Series 2021-SL1, Class A1, 1.05%, 11/20/2061 (a)		6,887,332		6,550,949
Towd Point Mortgage Trust
Series 2020-MH1, Class A1, 2.25%, 02/25/2060 (Callable 10/25/2024) (a)(f)		9,393,479		9,093,155
Series 2020-MH1, Class A1A, 2.18%, 02/25/2060 (Callable 10/25/2024) (a)(f)		14,736,020		14,256,019
Toyota Auto Loan Extended Note Trust, Series 2022-1A, Class A, 3.82%, 04/25/2035 (Callable 04/25/2027) (a)		25,275,000		25,078,333
Verizon Master Trust, Series 2024-5, Class A, 5.00%, 06/21/2032 (Callable 06/20/2029) (a)		47,260,000		48,818,271
TOTAL ASSET BACKED SECURITIES (Cost $1,482,554,373)				1,501,735,435
AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.8%		Par		Value
Federal Home Loan Mortgage Corp.
Series K071, Class A2, 3.29%, 11/25/2027 (Callable 02/25/2028)		25,529,000		25,061,898
Series K072, Class A2, 3.44%, 12/25/2027 (Callable 12/25/2027)		6,050,000		5,965,489
Series K073, Class A2, 3.35%, 01/25/2028 (Callable 10/25/2028)		1,350,000		1,327,187
Series K074, Class A2, 3.60%, 01/25/2028 (Callable 07/25/2028)		21,722,000		21,506,505
Series K076, Class A2, 3.90%, 04/25/2028 (Callable 05/25/2028)		70,395,000		70,285,585
Series K077, Class A2, 3.85%, 05/25/2028 (Callable 05/25/2028) (e)		41,215,000		41,044,011
Series K078, Class A2, 3.85%, 06/25/2028 (Callable 10/25/2028)		26,488,633		26,381,728
Series K080, Class A2, 3.93%, 07/25/2028 (Callable 08/25/2028) (e)		14,950,000		14,925,304
Series K082, Class A2, 3.92%, 09/25/2028 (Callable 10/25/2028) (e)		56,545,000		56,440,092
Series K083, Class A2, 4.05%, 09/25/2028 (Callable 10/25/2028) (e)		1,000,000		1,002,825
Series K-1510, Class A2, 3.72%, 01/25/2031 (Callable 01/25/2034)		39,850,000		39,071,889
Series K156, Class A3, 3.70%, 06/25/2033 (Callable 07/25/2033) (e)		11,088,000		10,629,883
Series K752, Class A2, 4.28%, 07/25/2030 (Callable 08/25/2030)		90,425,000		91,277,880
Federal National Mortgage Association, Series 2022-M10, Class A2, 2.00%, 01/25/2032 (e)		16,775,000		14,466,216
TOTAL AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost $425,634,170)				419,386,492
MUNICIPAL BONDS - 0.5%		Par		Value
Atlanta Independent School System, 5.56%, 03/01/2026		4,465,000		4,536,156
California Community Choice Financing Authority
5.95%, 08/01/2029		3,155,000		3,244,770
6.13%, 04/01/2030		5,000,000		5,210,277
California Qualified School Bond Joint Powers Authority, 7.16%, 03/01/2027		3,375,000		3,509,992
Colorado Housing and Finance Authority, 6.50%, 11/01/2053 (Callable 05/01/2032)		30,160,000		32,416,496
Dallas Fort Worth International Airport
2.25%, 11/01/2031 (Callable 11/01/2030)		2,500,000		2,211,006
2.42%, 11/01/2032 (Callable 11/01/2030)		5,000,000		4,383,846
2.52%, 11/01/2033 (Callable 11/01/2030)		1,220,000		1,053,581
Kentucky Housing Corp., 3.50%, 01/01/2040 (Callable 07/01/2025)		815,000		805,199
Louisiana Housing Corp., 2.10%, 12/01/2038 (Callable 11/01/2024)		687,064		626,011
Maine State Housing Authority, 2.60%, 11/15/2046 (Callable 11/15/2030)		10,000,000		7,489,513
Maryland Community Development Administration, 3.16%, 09/01/2041 (Callable 09/01/2025)		1,035,000		1,026,455
Maryland Economic Development Corp., 4.00%, 04/01/2034 (Callable 01/01/2034)		18,225,000		14,911,708
Massachusetts Educational Financing Authority, 3.85%, 05/25/2033		8,205,975		8,063,253
Minnesota Housing Finance Agency
2.73%, 08/01/2046 (Callable 07/01/2025)		1,857,465		1,585,759
3.20%, 06/01/2047 (Callable 07/01/2026)		4,113,620		3,680,303
3.00%, 10/01/2047 (Callable 01/01/2027)		4,945,259		4,337,044
New Hampshire Business Finance Authority
3.25%, 04/01/2028 (Callable 01/01/2028)		45,000,000		33,697,561
3.30%, 04/01/2032 (Callable 01/01/2032)		35,000,000		28,633,689
2.87%, 07/01/2035 (Callable 01/01/2035)		17,240,000		13,579,595
New Hampshire Housing Finance Authority, 4.00%, 07/01/2036 (Callable 07/01/2025)		1,075,000		1,071,043
New Jersey Higher Education Student Assistance Authority
3.50%, 12/01/2039 (Callable 12/01/2028) (g)		11,075,000		10,526,357
3.50%, 12/01/2039 (Callable 12/01/2028) (g)		8,190,000		7,997,955
New York State Dormitory Authority, 2.22%, 07/01/2035		15,000,000		12,571,963
North Carolina Housing Finance Agency
2.81%, 07/01/2035 (Callable 11/01/2024)		100,000		99,262
6.50%, 01/01/2055 (Callable 07/01/2032)		6,445,000		6,866,965
State Public School Building Authority, 2.97%, 04/01/2027		5,800,000		5,637,084
Texas Private Activity Bond Surface Transportation Corp., 3.92%, 12/31/2049		8,800,000		7,562,986
West Contra Costa Unified School District, 6.25%, 08/01/2030		1,785,000		1,989,303
Western Michigan University Homer Stryker MD School of Medicine, 4.75%, 11/15/2028		11,980,000		12,225,148
Westvaco Corp., 7.67%, 01/15/2027 (a)		8,000,000		8,360,612
TOTAL MUNICIPAL BONDS (Cost $281,171,919)				249,910,892
OTHER GOVERNMENT RELATED SECURITIES - 0.2%		Par		Value
Electricite de France SA
5.65%, 04/22/2029 (Callable 03/22/2029) (a)		22,000,000		23,101,025
5.95%, 04/22/2034 (Callable 01/22/2034) (a)		12,000,000		12,777,852
Freeport Indonesia PT, 5.32%, 04/14/2032 (Callable 01/01/2032) (a)		15,000,000		15,250,965
NBN Co. Ltd.
2.63%, 05/05/2031 (Callable 02/05/2031) (a)		18,625,000		16,578,159
2.50%, 01/08/2032 (Callable 10/08/2031) (a)		46,650,000		40,614,612
Petroleos Mexicanos
5.95%, 01/28/2031 (Callable 10/28/2030)		558,000		482,943
6.70%, 02/16/2032 (Callable 11/16/2031)		1,020,000		914,472
6.35%, 02/12/2048		8,500,000		5,886,724
TOTAL OTHER GOVERNMENT RELATED SECURITIES (Cost $123,322,465)				115,606,752
SHORT-TERM INVESTMENTS - 2.3%
Money Market Funds - 2.3%		Shares
First American Government Obligations Fund - Class U, 4.84% (h)		1,137,743,396		1,137,743,396
TOTAL SHORT-TERM INVESTMENTS (Cost $1,137,743,396)				1,137,743,396
TOTAL INVESTMENTS - 100.8% (Cost $51,364,571,296)				49,997,862,421
Liabilities in Excess of Other Assets - (0.8)%				(391,800,977)
TOTAL NET ASSETS - 100.0%			$	49,606,061,444

Percentages are stated as a percent of net assets.

AG - Aktiengesellschaft

AB - Aktiebolag

ASA - Advanced Subscription Agreement

CMT - Constant Maturity Treasury Rate

LIBOR - London Interbank Offered Rate

NV - Naamloze Vennootschap

PIK - Payment in Kind

PLC - Public Limited Company

SA - Sociedad Anónima

SAB de CV - Sociedad Anónima Bursátil de Capital Variable

SOFR - Secured Overnight Financing Rate

(a)	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 September 30, 2024, the value of these securities total $9,735,707,148 or 19.6% of the Fund’s net assets.
(b)	Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date.
(c)	Issuer is currently in default.
(d)	Step coupon bond. The rate disclosed is as of September 30, 2024.
(e)	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 September 30, 2024.
(f)	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 September 30, 2024.
(g)	Security subject to the Alternative Minimum Tax ("AMT"). As of September 30, 2024, the total value of securities subject to the AMT was $18,524,312 or 0.0% of net assets.
(h)	The rate shown represents the 7-day annualized effective yield as of September 30, 2024.

Baird Aggregate Bond Fund

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

Baird Aggregate Bond Fund 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 September 30, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
Corporate Bonds	$	–	$	17,886,834,809	$	–	$	17,886,834,809
U.S. Treasury Securities		–		13,935,790,994		–		13,935,790,994
Agency Residential Mortgage-Backed Securities		–		10,345,350,721		–		10,345,350,721
Non-Agency Residential Mortgage-Backed Securities		–		2,371,756,764		–		2,371,756,764
Non-Agency Commercial Mortgage-Backed Securities		–		2,033,746,166		–		2,033,746,166
Asset Backed Securities		–		1,501,735,435		–		1,501,735,435
Agency Commercial Mortgage-Backed Securities		–		419,386,492		–		419,386,492
Municipal Bonds		–		249,910,892		–		249,910,892
Other Government Related Securities		–		115,606,752		–		115,606,752
Money Market Funds		1,137,743,396		–		–		1,137,743,396
Total Investments	$	1,137,743,396	$	48,860,119,025	$	–	$	49,997,862,421
Refer to the Schedule of Investments for further disaggregation of investment categories.

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year’s annual report. See the Fund’s Valuation Policy in Note 2a to the financial statements.