Principal Amount USD ($) | | | | | | Value |
| Auto Manufacturers — 5.1% | |
50,000 | American Honda Finance Corp., 5.65%, 11/15/28 | $ 50,682 |
20,000 | Cummins, Inc., 5.15%, 2/20/34 | 19,635 |
30,000 | Cummins, Inc., 5.45%, 2/20/54 | 28,879 |
150,000 | Daimler Truck Finance North America LLC, 5.125%, 1/19/28 (144A) | 147,910 |
105,000 | Ford Motor Co., 6.10%, 8/19/32 | 102,997 |
105,000 | General Motors Co., 5.60%, 10/15/32 | 103,187 |
45,000 | General Motors Financial Co., Inc., 6.10%, 1/7/34 | 44,705 |
40,000 | Hyundai Capital America, 5.80%, 6/26/25 (144A) | 39,955 |
120,000 | Hyundai Capital America, 6.375%, 4/8/30 (144A) | 123,231 |
150,000 | Mercedes-Benz Finance North America LLC, 4.85%, 1/11/29 (144A) | 146,926 |
200,000 | Volkswagen Group of America Finance LLC, 5.90%, 9/12/33 (144A) | 199,090 |
| Total Auto Manufacturers | $1,007,197 |
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| Banks — 18.8% | |
200,000 | Banco Bilbao Vizcaya Argentaria S.A., 5.381%, 3/13/29 | $ 197,940 |
300,000(c) | Bank of America Corp., 1.658% (SOFR + 91 bps), 3/11/27 | 278,355 |
120,000(c) | Bank of America Corp., 2.687% (SOFR + 132 bps), 4/22/32 | 98,872 |
300,000(c) | Bank of New York Mellon Corp., 4.543% (SOFR + 117 bps), 2/1/29 | 290,969 |
150,000 | Bank of Nova Scotia, 4.75%, 2/2/26 | 147,979 |
200,000(c) | Barclays Plc, 6.224% (SOFR + 298 bps), 5/9/34 | 200,535 |
200,000(c) | BNP Paribas S.A., 5.125% (1 Year CMT Index + 145 bps), 1/13/29 (144A) | 196,937 |
100,000 | Citigroup, Inc., 4.45%, 9/29/27 | 96,237 |
26,000(c) | Citizens Financial Group, Inc., 5.841% (SOFR + 201 bps), 1/23/30 | 25,464 |
10,000(c) | Citizens Financial Group, Inc., 6.645% (SOFR + 233 bps), 4/25/35 | 10,028 |
200,000 | Federation des Caisses Desjardins du Quebec, 5.25%, 4/26/29 (144A) | 196,430 |
100,000(c) | Goldman Sachs Group, Inc., 4.223% (3 Month Term SOFR + 156 bps), 5/1/29 | 94,888 |
200,000 | Intesa Sanpaolo S.p.A., 7.80%, 11/28/53 (144A) | 214,800 |
100,000(c) | JPMorgan Chase & Co., 5.717% (SOFR + 258 bps), 9/14/33 | 99,623 |
15,000(c) | JPMorgan Chase & Co., 5.766% (SOFR + 149 bps), 4/22/35 | 15,010 |
250,000 | KeyBank N.A., 5.00%, 1/26/33 | 224,186 |
130,000(c) | Morgan Stanley, 2.484% (SOFR + 136 bps), 9/16/36 | 100,283 |
10,000(c) | Morgan Stanley, 5.652% (SOFR + 101 bps), 4/13/28 | 10,010 |
30,000(c) | Morgan Stanley, 5.948% (5 Year CMT Index + 243 bps), 1/19/38 | 29,158 |