Principal Amount USD ($) | | | | | | Value |
| Commercial Mortgage-Backed Securities—(continued) | |
500,000 | Freddie Mac Multifamily Structured Pass Through Certificates, Series KG06, Class A2, 1.777%, 10/25/31 | $ 379,884 |
250,000 | SLG Office Trust, Series 2021-OVA, Class A, 2.585%, 7/15/41 (144A) | 189,628 |
| Total Commercial Mortgage-Backed Securities (Cost $1,132,247) | $1,016,015 |
|
|
| Corporate Bonds — 38.3% of Net Assets | |
| Aerospace & Defense — 0.5% | |
100,000 | Boeing Co., 5.805%, 5/1/50 | $ 86,090 |
| Total Aerospace & Defense | $86,090 |
|
|
| Auto Manufacturers — 3.6% | |
150,000 | Daimler Truck Finance North America LLC, 5.125%, 1/19/28 (144A) | $ 145,088 |
105,000 | Ford Motor Co., 6.10%, 8/19/32 | 97,120 |
105,000 | General Motors Co., 5.60%, 10/15/32 | 95,879 |
40,000 | Hyundai Capital America, 5.80%, 6/26/25 (144A) | 39,762 |
120,000 | Hyundai Capital America, 6.375%, 4/8/30 (144A) | 118,128 |
200,000 | Volkswagen Group of America Finance LLC, 5.90%, 9/12/33 (144A) | 186,756 |
| Total Auto Manufacturers | $682,733 |
|
|
| Banks — 16.5% | |
300,000(b) | Bank of America Corp., 1.658% (SOFR + 91 bps), 3/11/27 | $ 268,420 |
120,000(b) | Bank of America Corp., 2.687% (SOFR + 132 bps), 4/22/32 | 92,010 |
300,000(b) | Bank of New York Mellon Corp., 4.543% (SOFR + 117 bps), 2/1/29 | 281,475 |
150,000 | Bank of Nova Scotia, 4.75%, 2/2/26 | 146,176 |
200,000(b) | Barclays Plc, 6.224% (SOFR + 298 bps), 5/9/34 | 183,331 |
200,000(b) | BNP Paribas S.A., 5.125% (1 Year CMT Index + 145 bps), 1/13/29 (144A) | 191,225 |
100,000 | Citigroup, Inc., 4.45%, 9/29/27 | 92,374 |
100,000(b) | Goldman Sachs Group, Inc., 4.223% (3 Month Term SOFR + 156 bps), 5/1/29 | 91,279 |
100,000(b) | JPMorgan Chase & Co., 5.717% (SOFR + 258 bps), 9/14/33 | 93,645 |
250,000 | KeyBank N.A., 5.00%, 1/26/33 | 201,275 |
130,000(b) | Morgan Stanley, 2.484% (SOFR + 136 bps), 9/16/36 | 91,964 |
30,000(b) | Morgan Stanley, 5.948% (5 Year CMT Index + 243 bps), 1/19/38 | 27,203 |
200,000(b) | NatWest Group Plc, 5.847% (1 Year CMT Index + 135 bps), 3/2/27 | 196,652 |