Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
Schwab Strategic Trust – Fixed Income ETFs
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Jonathan de St. Paer
Schwab Strategic Trust – Fixed Income ETFs
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 636-7000
Date of fiscal year end: December 31
Date of reporting period: June 30, 2020
Item 1: Report(s) to Shareholders.
Table of Contents
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img7e8cb8201.jpg)
Schwab U.S. TIPS ETF | SCHP |
Schwab Short-Term U.S. Treasury ETF | SCHO |
Schwab Intermediate-Term U.S. Treasury ETF | SCHR |
Schwab Long-Term U.S. Treasury ETF | SCHQ |
Schwab U.S. Aggregate Bond ETF | SCHZ |
Schwab 1-5 Year Corporate Bond ETF | SCHJ |
Schwab 5-10 Year Corporate Bond ETF | SCHI |
New Notice Regarding Shareholder Report Delivery Options |
Beginning on January 1, 2021, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary (such as a bank or broker-dealer). Instead, the reports will be made available on a fund’s website www.schwabfunds.com/schwabetfs_prospectus, and you will be notified by mail each time a report is posted and the mailing will provide a website link to access the report. You will continue to receive other fund regulatory documents (such as prospectuses or supplements) in paper unless you have elected to receive all fund documents electronically. |
If you would like to receive a fund’s future shareholder reports in paper free of charge after January 1, 2021, you can make that request: |
• If you invest through Charles Schwab & Co, Inc. (broker-dealer), by calling 1-866-345-5954 and using the unique identifier attached to this mailing; or |
• If you invest through another financial intermediary (such as a bank or broker-dealer) by contacting them directly. |
If you already receive shareholder reports and other fund documents electronically, you will not be affected by this change and you need not take any action. |
Total Returns for the 6 Months Ended June 30, 2020 | |
Schwab U.S. TIPS ETF (Ticker Symbol: SCHP) | |
Market Price Return1 | 5.99% |
NAV Return1 | 6.01% |
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)SM | 6.01% |
ETF Category: Morningstar Inflation-Protected Bond2 | 4.70% |
Performance Details | page 7 |
Schwab Short-Term U.S. Treasury ETF (Ticker Symbol: SCHO) | |
Market Price Return1 | 2.99% |
NAV Return1 | 2.99% |
Bloomberg Barclays US Treasury 1-3 Year Index | 3.01% |
ETF Category: Morningstar Short Government2 | 2.79% |
Performance Details | page 8 |
Schwab Intermediate-Term U.S. Treasury ETF (Ticker Symbol: SCHR) | |
Market Price Return1 | 7.89% |
NAV Return1 | 7.84% |
Bloomberg Barclays US Treasury 3-10 Year Index | 7.85% |
ETF Category: Morningstar Intermediate Government2 | 5.16% |
Performance Details | page 9 |
Schwab Long-Term U.S. Treasury ETF (Ticker Symbol: SCHQ) | |
Market Price Return1 | 21.42% |
NAV Return1 | 21.17% |
Bloomberg Barclays US Long Treasury Index | 21.20% |
ETF Category: Morningstar Long Government2 | 20.39% |
Performance Details | page 10 |
Total Returns for the 6 Months Ended June 30, 2020 | |
Schwab U.S. Aggregate Bond ETF (Ticker Symbol: SCHZ) | |
Market Price Return1 | 6.41% |
NAV Return1 | 6.18% |
Bloomberg Barclays US Aggregate Bond Index | 6.14% |
ETF Category: Morningstar Intermediate Core Bond2 | 5.56% |
Performance Details | page 11 |
Schwab 1-5 Year Corporate Bond ETF (Ticker Symbol: SCHJ) | |
Market Price Return1 | 3.54% |
NAV Return1 | 3.30% |
Bloomberg Barclays US 1-5 Year Corporate Bond Index | 3.28% |
ETF Category: Morningstar Short-Term Bond2 | 1.69% |
Performance Details | page 12 |
Schwab 5-10 Year Corporate Bond ETF (Ticker Symbol: SCHI) | |
Market Price Return1 | 5.62% |
NAV Return1 | 5.45% |
Bloomberg Barclays US 5-10 Year Corporate Bond Index | 5.30% |
ETF Category: Morningstar Corporate Bond2 | 4.08% |
Performance Details | page 13 |
1 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img5e71fde92.jpg)
President of Charles Schwab
Investment Management, Inc.
and the funds covered
in this report.
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img7e96d0a73.jpg)
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img384cc9254.jpg)
![]() | Matthew Hastings, CFA, Vice President and Head of Taxable Bond Strategies, leads the portfolio management team for Schwab Fixed-Income ETFs and Schwab’s taxable bond funds. He also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 1999, Mr. Hastings was in fixed-income sales and trading at Lehman Brothers. He has worked in the fixed-income securities industry since 1996. |
![]() | Steven Hung, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond ETF, Schwab 1-5 Year Corporate Bond ETF and Schwab 5-10 Year Corporate Bond ETF. His primary focus is corporate bonds. Prior to joining CSIM in 1999, Mr. Hung was an associate in Schwab’s management training program for nine months. In that role, he worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
![]() | Mark McKissick, CFA, Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. TIPS ETF, Schwab Short-Term U.S. Treasury ETF, Schwab Intermediate-Term U.S. Treasury ETF, Schwab Long-Term U.S. Treasury ETF and Schwab U.S. Aggregate Bond ETF. Prior to joining CSIM in 2016, Mr. McKissick worked at Denver Investments for 17 years, most recently as a director of fixed income and portfolio manager. In this role he co-managed multiple bond strategies, as well as oversaw the firm’s fixed-income business including the investment process, client service and other administrative functions. |
![]() | Alfonso Portillo, Jr., Senior Portfolio Manager, is responsible for the day-to-day co-management of the Schwab U.S. Aggregate Bond ETF. His primary focus is securitized products. Prior to joining CSIM in 2007, Mr. Portillo worked for ten years at Pacific Investment Management Company, most recently as a vice president and member of the mortgage- and asset-backed portfolio management team. He has worked in fixed-income asset management since 1996. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. TIPS ETF (8/5/2010) | ||||
Market Price Return2 | 5.99% | 8.35% | 3.73% | 3.45% |
NAV Return2 | 6.01% | 8.28% | 3.69% | 3.44% |
Bloomberg Barclays US Treasury Inflation-Linked Bond Index (Series-L)SM | 6.01% | 8.28% | 3.75% | 3.52% |
ETF Category: Morningstar Inflation-Protected Bond3 | 4.70% | 6.78% | 3.09% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img514d06579.jpg)
Weighted Average Maturity8 | 8.2 Yrs |
Weighted Average Duration8 | 7.7 Yrs |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | Less than 0.05%. |
8 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Short-Term U.S. Treasury ETF (8/5/2010) | ||||
Market Price Return2 | 2.99% | 4.09% | 1.79% | 1.24% |
NAV Return2 | 2.99% | 4.09% | 1.78% | 1.24% |
Bloomberg Barclays US Treasury 1-3 Year Index | 3.01% | 4.14% | 1.86% | 1.33% |
ETF Category: Morningstar Short Government3 | 2.79% | 3.73% | 1.64% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240imgfdc10a2810.jpg)
Weighted Average Maturity7 | 2.0 Yrs |
Weighted Average Duration7 | 1.9 Yrs |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab Intermediate-Term U.S. Treasury ETF (8/5/2010) | ||||
Market Price Return2 | 7.89% | 9.23% | 3.76% | 3.29% |
NAV Return2 | 7.84% | 9.17% | 3.75% | 3.29% |
Bloomberg Barclays US Treasury 3-10 Year Index | 7.85% | 9.20% | 3.82% | 3.39% |
ETF Category: Morningstar Intermediate Government3 | 5.16% | 6.71% | 2.88% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img19a9ebd711.jpg)
Weighted Average Maturity7 | 5.6 Yrs |
Weighted Average Duration7 | 5.2 Yrs |
* | Inception (8/5/10) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | Since Inception* |
Fund: Schwab Long-Term U.S. Treasury ETF (10/10/2019) | ||
Market Price Return2 | 21.42% | 15.16% |
NAV Return2 | 21.17% | 15.22% |
Bloomberg Barclays US Long Treasury Index | 21.20% | 15.24% |
ETF Category: Morningstar Long Government3 | 20.39% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240imgf7dfa9dc12.jpg)
Weighted Average Maturity8 | 25.0 Yrs |
Weighted Average Duration8 | 18.5 Yrs |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | Less than 0.05%. |
8 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | Since Inception* |
Fund: Schwab U.S. Aggregate Bond ETF (7/14/2011) | ||||
Market Price Return2 | 6.41% | 8.99% | 4.27% | 3.62% |
NAV Return2 | 6.18% | 8.74% | 4.22% | 3.60% |
Bloomberg Barclays US Aggregate Bond Index | 6.14% | 8.74% | 4.30% | 3.70% |
ETF Category: Morningstar Intermediate Core Bond3 | 5.56% | 7.89% | 3.90% | N/A |
Fund Expense Ratio4: 0.04% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240imge62da84713.jpg)
Weighted Average Maturity8 | 8.0 Yrs |
Weighted Average Duration8 | 6.0 Yrs |
* | Inception (7/14/11) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | The fund may seek to obtain exposure to U.S. agency mortgage pass-through securities, in part or in full, through the use of “to-be-announced” or “TBA” transactions, which are standardized contracts for future delivery of mortgage pass-through securities in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement. These transactions represented approximately 2.0% of total investments on June 30, 2020. |
7 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
8 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | Since Inception* |
Fund: Schwab 1-5 Year Corporate Bond ETF (10/10/2019) | ||
Market Price Return2 | 3.54% | 4.08% |
NAV Return2 | 3.30% | 3.82% |
Bloomberg Barclays US 1-5 Year Corporate Bond Index | 3.28% | 3.86% |
ETF Category: Morningstar Short-Term Bond3 | 1.69% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240imgc11a064e14.jpg)
Weighted Average Maturity7 | 3.0 Yrs |
Weighted Average Duration7 | 2.8 Yrs |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | Since Inception* |
Fund: Schwab 5-10 Year Corporate Bond ETF (10/10/2019) | ||
Market Price Return2 | 5.62% | 6.33% |
NAV Return2 | 5.45% | 6.16% |
Bloomberg Barclays US 5-10 Year Corporate Bond Index | 5.30% | 6.10% |
ETF Category: Morningstar Corporate Bond3 | 4.08% | N/A |
Fund Expense Ratio4: 0.05% |
![](https://capedge.com/proxy/N-CSRS/0001193125-20-237153/g42240img12ed73cb15.jpg)
Weighted Average Maturity7 | 7.4 Yrs |
Weighted Average Duration7 | 6.5 Yrs |
* | Inception (10/10/19) represents the date that the shares began trading in the secondary market. |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
2 | ETF performance must be shown based on both a Market Price and a Net Asset Value (NAV) basis. The fund’s per share net asset value (NAV) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (Market Price) is determined using the Official Closing Price of the primary stock exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
4 | As stated in the prospectus. |
5 | The percentage may differ from the Portfolio Holdings because the above calculation is based on a percentage of total investments, excluding derivatives, whereas the calculation in the Portfolio Holdings is based on a percentage of net assets. |
6 | Includes the fund’s position in money market mutual funds registered under the Investment Company Act of 1940, as amended. |
7 | See Glossary for definitions of maturity and duration. |
Expense Ratio (Annualized)1 | Beginning Account Value at 1/1/20 | Ending Account Value (Net of Expenses) at 6/30/20 | Expenses Paid During Period 1/1/20-6/30/202 | |
Schwab U.S. TIPS ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,060.10 | $0.26 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
Schwab Short-Term U.S. Treasury ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,029.90 | $0.25 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
Schwab Intermediate-Term U.S. Treasury ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,078.40 | $0.26 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
Schwab Long-Term U.S. Treasury ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,211.70 | $0.27 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
Schwab U.S. Aggregate Bond ETF | ||||
Actual Return | 0.04% | $1,000.00 | $1,061.80 | $0.21 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.70 | $0.20 |
Schwab 1-5 Year Corporate Bond ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,033.00 | $0.25 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
Schwab 5-10 Year Corporate Bond ETF | ||||
Actual Return | 0.05% | $1,000.00 | $1,054.50 | $0.26 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.65 | $0.25 |
1 | Based on the most recent six-month expense ratio. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 182 days of the period, and divided by 366 days of the fiscal year. |
1/1/20– 6/30/20* | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $56.57 | $53.27 | $55.39 | $54.84 | $53.15 | $54.11 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | (0.07) | 1.21 | 1.51 | 1.17 | 0.99 | 0.17 |
Net realized and unrealized gains (losses) | 3.47 | 3.23 | (2.23) | 0.43 | 1.46 | (0.98) |
Total from investment operations | 3.40 | 4.44 | (0.72) | 1.60 | 2.45 | (0.81) |
Less distributions: | ||||||
Distributions from net investment income | — | (1.14) | (1.40) | (1.05) | (0.76) | (0.15) |
Net asset value at end of period | $59.97 | $56.57 | $53.27 | $55.39 | $54.84 | $53.15 |
Total return | 6.01% 2 | 8.36% | (1.31%) | 2.95% | 4.60% | (1.50%) |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 3 | 0.05% | 0.05% | 0.05% 4 | 0.07% | 0.07% |
Net investment income (loss) | (0.26%) 3 | 2.18% | 2.80% | 2.13% | 1.78% | 0.31% |
Portfolio turnover rate5 | 14% 2 | 20% | 17% | 19% | 16% | 19% |
Net assets, end of period (x 1,000) | $10,638,726 | $8,733,970 | $5,779,263 | $2,880,386 | $1,614,977 | $815,816 |
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries 99.8% of net assets | ||
U.S. Treasury Inflation Protected Securities | ||
0.63%, 07/15/21 | 276,722,717 | 281,621,428 |
0.13%, 01/15/22 | 361,664,266 | 366,739,508 |
0.13%, 04/15/22 | 364,574,316 | 370,046,391 |
0.13%, 07/15/22 | 353,317,999 | 361,754,851 |
0.13%, 01/15/23 | 387,852,585 | 397,456,838 |
0.63%, 04/15/23 | 328,266,473 | 341,453,253 |
0.38%, 07/15/23 | 384,273,445 | 400,301,928 |
0.63%, 01/15/24 | 370,814,485 | 390,725,936 |
0.50%, 04/15/24 | 251,758,582 | 264,757,371 |
0.13%, 07/15/24 | 365,255,420 | 381,678,867 |
0.13%, 10/15/24 | 276,026,794 | 289,263,720 |
0.25%, 01/15/25 | 353,512,541 | 372,157,708 |
2.38%, 01/15/25 | 221,618,385 | 255,221,421 |
0.13%, 04/15/25 | 273,271,156 | 286,777,785 |
0.38%, 07/15/25 | 331,864,358 | 354,601,906 |
0.63%, 01/15/26 | 291,637,254 | 315,941,209 |
2.00%, 01/15/26 | 153,084,149 | 177,916,407 |
0.13%, 07/15/26 | 276,798,378 | 294,166,414 |
0.38%, 01/15/27 | 274,626,274 | 296,220,064 |
2.38%, 01/15/27 | 130,428,460 | 158,461,767 |
0.38%, 07/15/27 | 279,981,313 | 304,586,376 |
0.50%, 01/15/28 | 292,683,658 | 321,123,655 |
1.75%, 01/15/28 | 132,304,484 | 157,998,333 |
3.63%, 04/15/28 | 120,314,840 | 162,071,132 |
0.75%, 07/15/28 | 260,713,693 | 294,183,291 |
0.88%, 01/15/29 | 216,071,327 | 246,570,583 |
2.50%, 01/15/29 | 119,683,528 | 153,555,289 |
3.88%, 04/15/29 | 146,394,712 | 207,126,248 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
0.25%, 07/15/29 | 255,331,251 | 279,603,466 |
0.13%, 01/15/30 | 320,597,354 | 346,775,757 |
3.38%, 04/15/32 | 50,454,315 | 75,152,283 |
2.13%, 02/15/40 | 66,971,880 | 98,818,066 |
2.13%, 02/15/41 | 96,188,798 | 143,759,263 |
0.75%, 02/15/42 | 164,084,097 | 196,634,363 |
0.63%, 02/15/43 | 122,196,036 | 143,987,133 |
1.38%, 02/15/44 | 170,742,106 | 233,243,230 |
0.75%, 02/15/45 | 184,885,682 | 226,378,369 |
1.00%, 02/15/46 | 107,982,407 | 140,031,251 |
0.88%, 02/15/47 | 117,654,551 | 150,212,931 |
1.00%, 02/15/48 | 111,257,065 | 147,239,656 |
1.00%, 02/15/49 | 113,393,189 | 151,477,536 |
0.25%, 02/15/50 | 67,437,744 | 75,793,567 |
Total Treasuries | ||
(Cost $10,031,100,799) | 10,613,586,550 | |
Security | Number of Shares | Value ($) |
Other Investment Company 0.0% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (a) | 1,522,325 | 1,522,325 |
Total Other Investment Company | ||
(Cost $1,522,325) | 1,522,325 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $10,613,586,550 | $— | $10,613,586,550 | |
Other Investment Company1 | 1,522,325 | — | — | 1,522,325 | |
Total | $1,522,325 | $10,613,586,550 | $— | $10,615,108,875 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $10,032,623,124) | $10,615,108,875 | |
Receivables: | ||
Investments sold | 131,377,140 | |
Fund shares sold | 260,868,952 | |
Interest | 25,545,619 | |
Dividends | + | 84 |
Total assets | 11,032,900,670 | |
Liabilities | ||
Payables: | ||
Investments bought | 393,810,147 | |
Management fees | + | 364,325 |
Total liabilities | 394,174,472 | |
Net Assets | ||
Total assets | 11,032,900,670 | |
Total liabilities | – | 394,174,472 |
Net assets | $10,638,726,198 | |
Net Assets by Source | ||
Capital received from investors | 9,983,026,126 | |
Total distributable earnings | 655,700,072 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$10,638,726,198 | 177,400,000 | $59.97 | ||
Investment Income | ||
Interest | ($9,316,644)* | |
Dividends | 21,113 | |
Securities on loan, net | + | 6,861 |
Total investment income | (9,288,670) | |
Expenses | ||
Management fees | 2,223,181 | |
Total expenses | – | 2,223,181 |
Net investment loss | (11,511,851) | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on investments | (1,393,616) | |
Net realized gains on in-kind redemptions | + | 133,569,352 |
Net realized gains | 132,175,736 | |
Net change in unrealized appreciation (depreciation) on investments | + | 379,518,446 |
Net realized and unrealized gains | 511,694,182 | |
Increase in net assets resulting from operations | $500,182,331 |
* | See financial note 2(b) regarding inflation-protected securities. |
Operations | ||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||
Net investment income (loss) | ($11,511,851) | $153,051,236 | ||
Net realized gains | 132,175,736 | 1,958,522 | ||
Net change in unrealized appreciation (depreciation) | + | 379,518,446 | 361,225,335 | |
Increase in net assets resulting from operations | 500,182,331 | 516,235,093 | ||
Distributions to Shareholders | ||||
Total distributions | $— | ($152,790,170) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 63,350,000 | $3,759,307,204 | 55,400,000 | $3,115,333,976 | ||||
Shares redeemed | + | (40,350,000) | (2,354,732,904) | (9,500,000) | (524,072,192) | |||
Net transactions in fund shares | 23,000,000 | $1,404,574,300 | 45,900,000 | $2,591,261,784 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 154,400,000 | $8,733,969,567 | 108,500,000 | $5,779,262,860 | ||||
Total increase | + | 23,000,000 | 1,904,756,631 | 45,900,000 | 2,954,706,707 | |||
End of period | 177,400,000 | $10,638,726,198 | 154,400,000 | $8,733,969,567 |
1/1/20– 6/30/20* | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $50.48 | $49.88 | $50.03 | $50.41 | $50.43 | $50.55 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.41 | 1.14 | 0.94 | 0.57 | 0.42 | 0.35 |
Net realized and unrealized gains (losses) | 1.10 | 0.60 | (0.20) 2 | (0.39) | (0.03) | (0.13) |
Total from investment operations | 1.51 | 1.74 | 0.74 | 0.18 | 0.39 | 0.22 |
Less distributions: | ||||||
Distributions from net investment income | (0.36) | (1.14) | (0.89) | (0.56) | (0.41) | (0.34) |
Net asset value at end of period | $51.63 | $50.48 | $49.88 | $50.03 | $50.41 | $50.43 |
Total return | 2.99% 3 | 3.53% | 1.50% | 0.35% | 0.78% | 0.44% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 4 | 0.06% 5 | 0.06% | 0.06% | 0.08% 6 | 0.08% |
Net investment income (loss) | 1.62% 4 | 2.27% | 1.89% | 1.13% | 0.83% | 0.69% |
Portfolio turnover rate7 | 38% 3 | 77% | 65% | 65% | 66% | 89% |
Net assets, end of period (x 1,000) | $7,132,172 | $5,262,952 | $4,254,630 | $2,181,398 | $1,414,092 | $1,071,573 |
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries 99.5% of net assets | ||
Bonds | ||
8.13%, 08/15/21 | 6,215,000 | 6,773,622 |
8.00%, 11/15/21 | 22,066,000 | 24,441,974 |
7.25%, 08/15/22 | 9,383,000 | 10,795,215 |
7.63%, 11/15/22 | 5,773,000 | 6,794,550 |
7.13%, 02/15/23 | 11,535,000 | 13,648,699 |
Notes | ||
2.63%, 07/15/21 | 82,419,000 | 84,519,719 |
1.13%, 07/31/21 | 166,117,000 | 167,839,814 |
1.75%, 07/31/21 | 42,147,000 | 42,868,109 |
2.25%, 07/31/21 | 12,000 | 12,270 |
2.13%, 08/15/21 | 16,861,000 | 17,230,493 |
2.75%, 08/15/21 | 144,452,000 | 148,641,673 |
1.13%, 08/31/21 | 29,205,000 | 29,530,704 |
1.50%, 08/31/21 | 58,378,000 | 59,285,596 |
2.00%, 08/31/21 | 50,353,000 | 51,429,886 |
2.75%, 09/15/21 | 101,025,000 | 104,176,112 |
1.13%, 09/30/21 | 98,352,000 | 99,535,297 |
1.50%, 09/30/21 | 17,686,000 | 17,980,997 |
2.13%, 09/30/21 | 44,782,000 | 45,877,935 |
2.88%, 10/15/21 | 114,909,000 | 118,926,327 |
1.25%, 10/31/21 | 121,834,000 | 123,604,400 |
1.50%, 10/31/21 | 16,235,000 | 16,524,503 |
2.00%, 10/31/21 | 111,355,000 | 114,082,328 |
2.00%, 11/15/21 | 10,757,000 | 11,028,026 |
2.88%, 11/15/21 | 87,121,000 | 90,355,708 |
1.50%, 11/30/21 | 106,255,000 | 108,272,185 |
1.75%, 11/30/21 | 127,202,000 | 130,066,529 |
1.88%, 11/30/21 | 51,439,000 | 52,687,802 |
2.63%, 12/15/21 | 91,569,000 | 94,849,030 |
1.63%, 12/31/21 | 86,468,000 | 88,366,243 |
2.00%, 12/31/21 | 105,805,000 | 108,712,571 |
2.13%, 12/31/21 | 54,461,000 | 56,059,728 |
2.50%, 01/15/22 | 83,404,000 | 86,404,589 |
1.38%, 01/31/22 | 85,918,000 | 87,567,559 |
1.50%, 01/31/22 | 49,614,000 | 50,663,452 |
1.88%, 01/31/22 | 89,516,000 | 91,939,226 |
2.00%, 02/15/22 | 63,643,000 | 65,542,346 |
2.50%, 02/15/22 | 72,040,000 | 74,766,826 |
1.13%, 02/28/22 | 86,200,000 | 87,587,281 |
1.75%, 02/28/22 | 58,691,000 | 60,240,809 |
1.88%, 02/28/22 | 59,546,000 | 61,241,665 |
2.38%, 03/15/22 | 81,076,000 | 84,130,602 |
0.38%, 03/31/22 | 95,071,000 | 95,425,659 |
1.75%, 03/31/22 | 62,524,000 | 64,259,285 |
1.88%, 03/31/22 | 50,423,000 | 51,930,766 |
2.25%, 04/15/22 | 80,484,000 | 83,484,859 |
0.13%, 04/30/22 | 64,928,000 | 64,888,688 |
1.75%, 04/30/22 | 66,380,000 | 68,314,355 |
1.88%, 04/30/22 | 76,326,000 | 78,715,659 |
1.75%, 05/15/22 | 58,397,000 | 60,136,364 |
2.13%, 05/15/22 | 76,895,000 | 79,713,983 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
0.13%, 05/31/22 | 78,548,000 | 78,497,373 |
1.75%, 05/31/22 | 72,260,000 | 74,448,970 |
1.88%, 05/31/22 | 67,752,000 | 69,972,466 |
1.75%, 06/15/22 | 81,711,000 | 84,253,297 |
0.13%, 06/30/22 | 65,000,000 | 64,963,183 |
1.75%, 06/30/22 | 71,968,000 | 74,247,924 |
2.13%, 06/30/22 | 63,895,000 | 66,404,626 |
1.75%, 07/15/22 | 89,478,000 | 92,368,559 |
1.88%, 07/31/22 | 66,441,000 | 68,810,556 |
2.00%, 07/31/22 | 101,026,000 | 104,893,402 |
1.50%, 08/15/22 | 100,718,000 | 103,586,102 |
1.63%, 08/15/22 | 27,363,000 | 28,217,025 |
1.63%, 08/31/22 | 75,526,000 | 77,915,690 |
1.88%, 08/31/22 | 130,185,000 | 135,010,998 |
1.50%, 09/15/22 | 64,980,000 | 66,909,094 |
1.75%, 09/30/22 | 67,219,000 | 69,618,929 |
1.88%, 09/30/22 | 88,629,000 | 92,042,602 |
1.38%, 10/15/22 | 78,489,000 | 80,662,777 |
1.88%, 10/31/22 | 57,033,000 | 59,309,865 |
2.00%, 10/31/22 | 70,186,000 | 73,188,097 |
1.63%, 11/15/22 | 145,378,000 | 150,420,799 |
2.00%, 11/30/22 | 132,206,000 | 138,062,313 |
1.63%, 12/15/22 | 81,261,000 | 84,184,491 |
2.13%, 12/31/22 | 130,066,000 | 136,432,121 |
1.50%, 01/15/23 | 73,127,000 | 75,595,036 |
1.75%, 01/31/23 | 63,122,000 | 65,691,263 |
2.38%, 01/31/23 | 69,681,000 | 73,641,385 |
1.38%, 02/15/23 | 76,304,000 | 78,718,307 |
2.00%, 02/15/23 | 111,629,000 | 116,988,064 |
1.50%, 02/28/23 | 62,927,000 | 65,161,400 |
2.63%, 02/28/23 | 72,367,000 | 77,096,296 |
0.50%, 03/15/23 | 88,677,000 | 89,473,708 |
1.50%, 03/31/23 | 59,585,000 | 61,765,904 |
2.50%, 03/31/23 | 75,584,000 | 80,417,242 |
0.25%, 04/15/23 | 92,570,000 | 92,786,961 |
1.63%, 04/30/23 | 65,625,000 | 68,316,651 |
2.75%, 04/30/23 | 78,144,000 | 83,830,808 |
0.13%, 05/15/23 | 97,745,000 | 97,611,364 |
1.75%, 05/15/23 | 108,503,000 | 113,423,780 |
1.63%, 05/31/23 | 52,234,000 | 54,443,743 |
2.75%, 05/31/23 | 60,273,000 | 64,788,766 |
0.25%, 06/15/23 | 103,000,000 | 103,229,336 |
1.38%, 06/30/23 | 55,000,000 | 56,978,711 |
2.63%, 06/30/23 | 57,000,000 | 61,177,031 |
Total Treasuries | ||
(Cost $6,962,226,939) | 7,097,429,033 |
Security | Number of Shares | Value ($) |
Other Investment Company 0.2% of net assets | ||
Money Market Fund 0.2% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (a) | 10,501,101 | 10,501,101 |
Total Other Investment Company | ||
(Cost $10,501,101) | 10,501,101 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $7,097,429,033 | $— | $7,097,429,033 | |
Other Investment Company1 | 10,501,101 | — | — | 10,501,101 | |
Total | $10,501,101 | $7,097,429,033 | $— | $7,107,930,134 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $6,972,728,040) | $7,107,930,134 | |
Receivables: | ||
Investments sold | 549,102,654 | |
Interest | 28,463,234 | |
Fund shares sold | 12,906,019 | |
Dividends | + | 332 |
Total assets | 7,698,402,373 | |
Liabilities | ||
Payables: | ||
Investments bought | 302,646,024 | |
Management fees | 290,545 | |
Fund shares redeemed | + | 263,294,064 |
Total liabilities | 566,230,633 | |
Net Assets | ||
Total assets | 7,698,402,373 | |
Total liabilities | – | 566,230,633 |
Net assets | $7,132,171,740 | |
Net Assets by Source | ||
Capital received from investors | 6,973,112,855 | |
Total distributable earnings | 159,058,885 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,132,171,740 | 138,150,000 | $51.63 | ||
Investment Income | ||
Interest | $54,128,540 | |
Dividends | + | 15,851 |
Total investment income | 54,144,391 | |
Expenses | ||
Management fees | 1,624,555 | |
Total expenses | – | 1,624,555 |
Net investment income | 52,519,836 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on investments | 20,341,036 | |
Net realized gains on in-kind redemptions | + | 21,876,395 |
Net realized gains | 42,217,431 | |
Net change in unrealized appreciation (depreciation) on investments | + | 89,679,404 |
Net realized and unrealized gains | 131,896,835 | |
Increase in net assets resulting from operations | $184,416,671 |
Operations | ||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||
Net investment income | $52,519,836 | $122,485,147 | ||
Net realized gains | 42,217,431 | 21,531,491 | ||
Net change in unrealized appreciation (depreciation) | + | 89,679,404 | 44,234,324 | |
Increase in net assets resulting from operations | 184,416,671 | 188,250,962 | ||
Distributions to Shareholders | ||||
Total distributions | ($45,655,610) | ($122,565,815) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 71,800,000 | $3,679,109,854 | 92,750,000 | $4,666,572,488 | ||||
Shares redeemed | + | (37,900,000) | (1,948,651,379) | (73,800,000) | (3,723,935,297) | |||
Net transactions in fund shares | 33,900,000 | $1,730,458,475 | 18,950,000 | $942,637,191 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 104,250,000 | $5,262,952,204 | 85,300,000 | $4,254,629,866 | ||||
Total increase | + | 33,900,000 | 1,869,219,536 | 18,950,000 | 1,008,322,338 | |||
End of period | 138,150,000 | $7,132,171,740 | 104,250,000 | $5,262,952,204 |
1/1/20– 6/30/20* | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $54.97 | $52.89 | $53.35 | $53.41 | $53.55 | $53.52 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.55 | 1.28 | 1.21 | 0.89 | 0.79 | 0.85 |
Net realized and unrealized gains (losses) | 3.75 | 2.07 | (0.55) 2 | (0.07) | (0.15) | 0.02 2 |
Total from investment operations | 4.30 | 3.35 | 0.66 | 0.82 | 0.64 | 0.87 |
Less distributions: | ||||||
Distributions from net investment income | (0.47) | (1.27) | (1.12) | (0.88) | (0.78) | (0.84) |
Net asset value at end of period | $58.80 | $54.97 | $52.89 | $53.35 | $53.41 | $53.55 |
Total return | 7.84% 3 | 6.38% | 1.28% | 1.54% | 1.16% | 1.62% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 4 | 0.06% 5 | 0.06% | 0.06% | 0.09% 6 | 0.10% 7 |
Net investment income (loss) | 1.92% 4 | 2.35% | 2.34% | 1.66% | 1.44% | 1.59% |
Portfolio turnover rate8 | 17% 3 | 38% | 41% | 30% | 30% | 32% |
Net assets, end of period (x 1,000) | $3,260,243 | $4,735,743 | $3,480,449 | $1,165,708 | $790,506 | $441,747 |
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries 99.5% of net assets | ||
Bonds | ||
6.25%, 08/15/23 | 5,169,000 | 6,150,504 |
7.50%, 11/15/24 | 6,807,000 | 8,953,332 |
7.63%, 02/15/25 | 2,583,000 | 3,457,588 |
6.88%, 08/15/25 | 3,069,000 | 4,095,556 |
6.00%, 02/15/26 | 5,714,000 | 7,509,223 |
6.75%, 08/15/26 | 2,604,000 | 3,607,862 |
6.50%, 11/15/26 | 3,403,000 | 4,709,566 |
6.63%, 02/15/27 | 2,561,000 | 3,598,005 |
6.38%, 08/15/27 | 2,761,000 | 3,906,815 |
6.13%, 11/15/27 | 9,003,000 | 12,697,747 |
5.50%, 08/15/28 | 5,217,000 | 7,281,383 |
5.25%, 11/15/28 | 6,034,000 | 8,359,918 |
5.25%, 02/15/29 | 4,670,000 | 6,517,934 |
6.13%, 08/15/29 | 3,491,000 | 5,218,499 |
6.25%, 05/15/30 | 5,195,000 | 8,005,170 |
Notes | ||
2.50%, 08/15/23 | 31,303,000 | 33,571,245 |
1.38%, 08/31/23 | 8,809,000 | 9,142,779 |
2.75%, 08/31/23 | 1,000,000 | 1,081,016 |
1.38%, 09/30/23 | 22,874,000 | 23,762,155 |
2.88%, 09/30/23 | 24,860,000 | 27,025,539 |
1.63%, 10/31/23 | 21,564,000 | 22,595,871 |
2.88%, 10/31/23 | 28,260,000 | 30,780,218 |
2.75%, 11/15/23 | 47,918,000 | 52,041,569 |
2.13%, 11/30/23 | 25,860,000 | 27,561,103 |
2.88%, 11/30/23 | 41,018,000 | 44,764,097 |
2.25%, 12/31/23 | 22,666,000 | 24,287,150 |
2.63%, 12/31/23 | 30,347,000 | 32,917,011 |
2.25%, 01/31/24 | 26,917,000 | 28,887,409 |
2.50%, 01/31/24 | 36,990,000 | 40,024,336 |
2.75%, 02/15/24 | 37,729,000 | 41,198,300 |
2.13%, 02/29/24 | 19,206,000 | 20,551,921 |
2.38%, 02/29/24 | 26,922,000 | 29,054,727 |
2.13%, 03/31/24 | 47,401,000 | 50,787,579 |
2.00%, 04/30/24 | 20,430,000 | 21,820,198 |
2.25%, 04/30/24 | 33,523,000 | 36,123,652 |
2.50%, 05/15/24 | 46,386,000 | 50,464,707 |
2.00%, 05/31/24 | 47,050,000 | 50,312,256 |
1.75%, 06/30/24 | 32,332,000 | 34,295,916 |
2.00%, 06/30/24 | 21,359,000 | 22,865,811 |
1.75%, 07/31/24 | 23,150,000 | 24,579,693 |
2.13%, 07/31/24 | 28,094,000 | 30,253,726 |
2.38%, 08/15/24 | 43,825,000 | 47,671,671 |
1.25%, 08/31/24 | 25,311,000 | 26,370,898 |
1.88%, 08/31/24 | 18,901,000 | 20,186,416 |
1.50%, 09/30/24 | 30,276,000 | 31,883,230 |
2.13%, 09/30/24 | 24,418,000 | 26,359,994 |
1.50%, 10/31/24 | 24,613,000 | 25,938,833 |
2.25%, 10/31/24 | 21,554,000 | 23,411,349 |
2.25%, 11/15/24 | 47,195,000 | 51,296,909 |
1.50%, 11/30/24 | 22,533,000 | 23,768,794 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.13%, 11/30/24 | 20,153,000 | 21,809,325 |
1.75%, 12/31/24 | 24,289,000 | 25,908,583 |
2.25%, 12/31/24 | 11,092,000 | 12,080,748 |
1.38%, 01/31/25 | 28,570,000 | 30,013,008 |
2.50%, 01/31/25 | 19,681,000 | 21,684,464 |
2.00%, 02/15/25 | 50,310,000 | 54,313,182 |
1.13%, 02/28/25 | 29,936,000 | 31,132,271 |
2.75%, 02/28/25 | 20,725,000 | 23,105,137 |
0.50%, 03/31/25 | 32,430,000 | 32,772,035 |
2.63%, 03/31/25 | 19,742,000 | 21,928,272 |
0.38%, 04/30/25 | 35,291,000 | 35,448,155 |
2.88%, 04/30/25 | 21,515,000 | 24,189,247 |
2.13%, 05/15/25 | 46,935,000 | 51,104,148 |
0.25%, 05/31/25 | 30,105,000 | 30,065,017 |
2.88%, 05/31/25 | 21,844,000 | 24,597,539 |
0.25%, 06/30/25 | 23,400,000 | 23,357,039 |
2.75%, 06/30/25 | 20,642,000 | 23,152,906 |
2.88%, 07/31/25 | 22,392,000 | 25,294,213 |
2.00%, 08/15/25 | 47,345,000 | 51,411,862 |
2.75%, 08/31/25 | 15,439,000 | 17,367,066 |
3.00%, 09/30/25 | 21,597,000 | 24,607,082 |
3.00%, 10/31/25 | 21,955,000 | 25,051,856 |
2.25%, 11/15/25 | 41,919,000 | 46,189,498 |
2.88%, 11/30/25 | 22,485,000 | 25,543,311 |
2.63%, 12/31/25 | 19,267,000 | 21,655,054 |
2.63%, 01/31/26 | 25,698,000 | 28,920,288 |
1.63%, 02/15/26 | 43,693,000 | 46,748,097 |
2.50%, 02/28/26 | 18,703,000 | 20,942,246 |
2.25%, 03/31/26 | 20,147,000 | 22,295,489 |
2.38%, 04/30/26 | 17,904,000 | 19,961,561 |
1.63%, 05/15/26 | 39,370,000 | 42,192,029 |
2.13%, 05/31/26 | 24,509,000 | 26,990,536 |
1.88%, 06/30/26 | 18,163,000 | 19,749,424 |
1.88%, 07/31/26 | 16,244,000 | 17,673,599 |
1.50%, 08/15/26 | 52,848,000 | 56,318,214 |
1.38%, 08/31/26 | 17,155,000 | 18,153,475 |
1.63%, 09/30/26 | 20,586,000 | 22,106,630 |
1.63%, 10/31/26 | 20,463,000 | 21,984,936 |
2.00%, 11/15/26 | 44,367,000 | 48,720,512 |
1.63%, 11/30/26 | 22,057,000 | 23,707,829 |
1.75%, 12/31/26 | 22,246,000 | 24,098,675 |
1.50%, 01/31/27 | 22,346,000 | 23,857,847 |
2.25%, 02/15/27 | 45,875,000 | 51,243,809 |
1.13%, 02/28/27 | 13,649,000 | 14,240,812 |
0.63%, 03/31/27 | 21,421,000 | 21,636,884 |
0.50%, 04/30/27 | 27,871,000 | 27,912,371 |
2.38%, 05/15/27 | 51,543,000 | 58,171,108 |
0.50%, 05/31/27 | 24,049,000 | 24,073,425 |
0.50%, 06/30/27 | 19,500,000 | 19,518,281 |
2.25%, 08/15/27 | 35,922,000 | 40,347,703 |
2.25%, 11/15/27 | 31,938,000 | 35,970,172 |
2.75%, 02/15/28 | 47,856,000 | 55,834,492 |
2.88%, 05/15/28 | 59,472,000 | 70,195,545 |
2.88%, 08/15/28 | 53,959,000 | 63,916,122 |
3.13%, 11/15/28 | 52,698,000 | 63,723,410 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.63%, 02/15/29 | 50,060,000 | 58,671,884 |
2.38%, 05/15/29 | 47,043,000 | 54,297,913 |
1.63%, 08/15/29 | 50,887,000 | 55,530,439 |
1.75%, 11/15/29 | 44,950,000 | 49,634,633 |
1.50%, 02/15/30 | 50,407,000 | 54,498,631 |
0.63%, 05/15/30 | 33,091,000 | 33,005,687 |
Total Treasuries | ||
(Cost $3,039,803,367) | 3,242,332,906 | |
Security | Number of Shares | Value ($) |
Other Investment Company 0.1% of net assets | ||
Money Market Fund 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (a) | 3,820,371 | 3,820,371 |
Total Other Investment Company | ||
(Cost $3,820,371) | 3,820,371 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $3,242,332,906 | $— | $3,242,332,906 | |
Other Investment Company1 | 3,820,371 | — | — | 3,820,371 | |
Total | $3,820,371 | $3,242,332,906 | $— | $3,246,153,277 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $3,043,623,738) | $3,246,153,277 | |
Receivables: | ||
Investments sold | 103,089,224 | |
Interest | 14,558,013 | |
Fund shares sold | 5,879,596 | |
Income from securities on loan | 6,357 | |
Dividends | + | 395 |
Total assets | 3,369,686,862 | |
Liabilities | ||
Payables: | ||
Investments bought | 62,211,028 | |
Management fees | 196,389 | |
Fund shares redeemed | + | 47,036,762 |
Total liabilities | 109,444,179 | |
Net Assets | ||
Total assets | 3,369,686,862 | |
Total liabilities | – | 109,444,179 |
Net assets | $3,260,242,683 | |
Net Assets by Source | ||
Capital received from investors | 2,810,692,470 | |
Total distributable earnings | 449,550,213 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$3,260,242,683 | 55,450,000 | $58.80 | ||
Investment Income | ||
Interest | $48,664,938 | |
Dividends | 17,758 | |
Securities on loan, net | + | 20,249 |
Total investment income | 48,702,945 | |
Expenses | ||
Management fees | 1,238,376 | |
Total expenses | – | 1,238,376 |
Net investment income | 47,464,569 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on investments | 23,591,538 | |
Net realized gains on in-kind redemptions | + | 242,047,495 |
Net realized gains | 265,639,033 | |
Net change in unrealized appreciation (depreciation) on investments | + | 63,328,170 |
Net realized and unrealized gains | 328,967,203 | |
Increase in net assets resulting from operations | $376,431,772 |
Operations | ||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||
Net investment income | $47,464,569 | $100,694,259 | ||
Net realized gains | 265,639,033 | 24,699,981 | ||
Net change in unrealized appreciation (depreciation) | + | 63,328,170 | 127,844,208 | |
Increase in net assets resulting from operations | 376,431,772 | 253,238,448 | ||
Distributions to Shareholders | ||||
Total distributions | ($41,151,775) | ($100,812,255) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 22,600,000 | $1,297,643,377 | 46,950,000 | $2,562,077,403 | ||||
Shares redeemed | + | (53,300,000) | (3,108,423,972) | (26,600,000) | (1,459,209,492) | |||
Net transactions in fund shares | (30,700,000) | ($1,810,780,595) | 20,350,000 | $1,102,867,911 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 86,150,000 | $4,735,743,281 | 65,800,000 | $3,480,449,177 | ||||
Total increase or decrease | + | (30,700,000) | (1,475,500,598) | 20,350,000 | 1,255,294,104 | |||
End of period | 55,450,000 | $3,260,242,683 | 86,150,000 | $4,735,743,281 |
1/1/20– 6/30/20* | 10/10/19 1– 12/31/19 | |||||
Per-Share Data | ||||||
Net asset value at beginning of period | $47.34 | $50.00 | ||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.47 | 0.22 | ||||
Net realized and unrealized gains (losses) | 9.54 | (2.67) | ||||
Total from investment operations | 10.01 | (2.45) | ||||
Less distributions: | ||||||
Distributions from net investment income | (0.37) | (0.21) | ||||
Net asset value at end of period | $56.98 | $47.34 | ||||
Total return | 21.17% 3 | (4.91%) 3 | ||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 4 | 0.06% 4,5 | ||||
Net investment income (loss) | 1.71% 4 | 2.07% 4 | ||||
Portfolio turnover rate | 15% 3 | 3% 3 | ||||
Net assets, end of period (x 1,000) | $54,133 | $18,935 | ||||
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Treasuries 99.4% of net assets | ||
Bonds | ||
5.38%, 02/15/31 | 239,100 | 355,512 |
4.50%, 02/15/36 | 243,000 | 372,151 |
4.75%, 02/15/37 | 143,800 | 229,496 |
5.00%, 05/15/37 | 185,800 | 304,901 |
4.38%, 02/15/38 | 195,400 | 303,878 |
4.50%, 05/15/38 | 221,100 | 349,027 |
3.50%, 02/15/39 | 263,900 | 373,625 |
4.25%, 05/15/39 | 336,400 | 520,080 |
4.50%, 08/15/39 | 359,300 | 572,494 |
4.38%, 11/15/39 | 386,500 | 608,103 |
4.63%, 02/15/40 | 389,500 | 632,055 |
1.13%, 05/15/40 | 1,069,600 | 1,059,823 |
4.38%, 05/15/40 | 377,000 | 595,925 |
3.88%, 08/15/40 | 374,800 | 558,774 |
4.25%, 11/15/40 | 372,000 | 581,570 |
4.75%, 02/15/41 | 397,300 | 659,425 |
4.38%, 05/15/41 | 364,200 | 579,476 |
3.75%, 08/15/41 | 368,600 | 543,311 |
3.13%, 11/15/41 | 387,000 | 524,264 |
3.13%, 02/15/42 | 453,400 | 615,490 |
3.00%, 05/15/42 | 385,400 | 513,485 |
2.75%, 08/15/42 | 552,700 | 708,967 |
2.75%, 11/15/42 | 697,200 | 893,451 |
3.13%, 02/15/43 | 679,500 | 921,572 |
2.88%, 05/15/43 | 927,300 | 1,211,865 |
3.63%, 08/15/43 | 762,800 | 1,114,641 |
3.75%, 11/15/43 | 735,000 | 1,094,461 |
3.63%, 02/15/44 | 942,100 | 1,379,808 |
3.38%, 05/15/44 | 911,600 | 1,289,843 |
3.13%, 08/15/44 | 972,300 | 1,326,430 |
3.00%, 11/15/44 | 926,300 | 1,240,735 |
2.50%, 02/15/45 | 1,026,500 | 1,266,444 |
3.00%, 05/15/45 | 906,400 | 1,217,267 |
2.88%, 08/15/45 | 913,400 | 1,203,690 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.00%, 11/15/45 | 673,500 | 907,910 |
2.50%, 02/15/46 | 970,200 | 1,201,987 |
2.50%, 05/15/46 | 957,100 | 1,187,477 |
2.25%, 08/15/46 | 1,007,100 | 1,194,672 |
2.88%, 11/15/46 | 900,100 | 1,197,274 |
3.00%, 02/15/47 | 1,015,100 | 1,382,994 |
3.00%, 05/15/47 | 907,000 | 1,236,638 |
2.75%, 08/15/47 | 994,100 | 1,299,242 |
2.75%, 11/15/47 | 1,029,600 | 1,347,328 |
3.00%, 02/15/48 | 1,158,300 | 1,586,057 |
3.13%, 05/15/48 | 1,232,000 | 1,726,917 |
3.00%, 08/15/48 | 1,322,800 | 1,819,470 |
3.38%, 11/15/48 | 1,386,000 | 2,036,879 |
3.00%, 02/15/49 | 1,405,000 | 1,940,327 |
2.88%, 05/15/49 | 1,409,800 | 1,907,636 |
2.25%, 08/15/49 | 1,421,900 | 1,710,390 |
2.38%, 11/15/49 | 1,266,100 | 1,563,930 |
2.00%, 02/15/50 | 1,503,300 | 1,722,101 |
1.25%, 05/15/50 | 1,185,200 | 1,138,996 |
Total Treasuries | ||
(Cost $49,717,625) | 53,830,264 | |
Security | Number of Shares | Value ($) |
Other Investment Company 0.0% of net assets | ||
Money Market Fund 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (a) | 1,356 | 1,356 |
Total Other Investment Company | ||
(Cost $1,356) | 1,356 |
(a) | The rate shown is the 7-day yield. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Treasuries | $— | $53,830,264 | $— | $53,830,264 | |
Other Investment Company1 | 1,356 | — | — | 1,356 | |
Total | $1,356 | $53,830,264 | $— | $53,831,620 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in unaffiliated issuers, at value (cost $49,718,981) | $53,831,620 | |
Receivables: | ||
Investments sold | 1,001,563 | |
Interest | 304,103 | |
Dividends | + | 1 |
Total assets | 55,137,287 | |
Liabilities | ||
Payables: | ||
Investments bought | 1,002,217 | |
Management fees | + | 2,083 |
Total liabilities | 1,004,300 | |
Net Assets | ||
Total assets | 55,137,287 | |
Total liabilities | – | 1,004,300 |
Net assets | $54,132,987 | |
Net Assets by Source | ||
Capital received from investors | 48,931,698 | |
Total distributable earnings | 5,201,289 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$54,132,987 | 950,000 | $56.98 | ||
Investment Income | ||
Interest | $351,140 | |
Dividends | + | 136 |
Total investment income | 351,276 | |
Expenses | ||
Management fees | 9,964 | |
Total expenses | – | 9,964 |
Net investment income | 341,312 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on investments | 150,402 | |
Net realized gains on in-kind redemptions | + | 893,160 |
Net realized gains | 1,043,562 | |
Net change in unrealized appreciation (depreciation) on investments | + | 4,722,173 |
Net realized and unrealized gains | 5,765,735 | |
Increase in net assets resulting from operations | $6,107,047 |
Operations | ||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||
Net investment income | $341,312 | $69,454 | ||
Net realized gains (losses) | 1,043,562 | (18,893) | ||
Net change in unrealized appreciation (depreciation) | + | 4,722,173 | (609,534) | |
Increase (decrease) in net assets resulting from operations | 6,107,047 | (558,973) | ||
Distributions to Shareholders | ||||
Total distributions | ($279,950) | ($66,835) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 650,000 | $35,071,492 | 400,000 | $19,560,860 | ||||
Shares redeemed | + | (100,000) | (5,700,654) | — | — | |||
Net transactions in fund shares | 550,000 | $29,370,838 | 400,000 | $19,560,860 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 400,000 | $18,935,052 | — | $— | ||||
Total increase | + | 550,000 | 35,197,935 | 400,000 | 18,935,052 | |||
End of period | 950,000 | $54,132,987 | 400,000 | $18,935,052 |
* | Commencement of operations. |
1/1/20– 6/30/20* | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | 1/1/16– 12/31/16 | 1/1/15– 12/31/15 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $53.43 | $50.59 | $52.07 | $51.55 | $51.41 | $52.20 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.65 | 1.43 | 1.35 | 1.18 | 1.06 | 1.00 |
Net realized and unrealized gains (losses) | 2.64 | 2.90 | (1.42) | 0.59 | 0.23 2 | (0.71) |
Total from investment operations | 3.29 | 4.33 | (0.07) | 1.77 | 1.29 | 0.29 |
Less distributions: | ||||||
Distributions from net investment income | (0.60) | (1.49) | (1.41) | (1.25) | (1.15) | (1.08) |
Net asset value at end of period | $56.12 | $53.43 | $50.59 | $52.07 | $51.55 | $51.41 |
Total return | 6.18% 3 | 8.64% | (0.09%) | 3.46% | 2.49% | 0.56% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.04% | 0.04% | 0.04% | 0.05% 5 | 0.05% |
Net investment income (loss) | 2.37% 4 | 2.71% | 2.67% | 2.26% | 2.01% | 1.92% |
Portfolio turnover rate6,7 | 44% 3 | 63% | 71% | 101% | 119% | 104% 8 |
Net assets, end of period (x 1,000) | $7,952,528 | $7,383,509 | $5,544,583 | $4,925,693 | $3,309,447 | $2,102,482 |
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates 27.1% of net assets | ||
Financial Institutions 8.2% | ||
Banking 5.8% | ||
Ally Financial, Inc. | ||
4.13%, 02/13/22 | 200,000 | 205,692 |
4.63%, 05/19/22 | 150,000 | 156,224 |
3.05%, 06/05/23 (a) | 300,000 | 303,860 |
3.88%, 05/21/24 (a) | 250,000 | 258,784 |
5.13%, 09/30/24 | 150,000 | 162,323 |
4.63%, 03/30/25 | 150,000 | 160,436 |
5.80%, 05/01/25 (a) | 250,000 | 279,496 |
8.00%, 11/01/31 | 400,000 | 521,750 |
8.00%, 11/01/31 | 600,000 | 776,628 |
American Express Co. | ||
3.70%, 11/05/21 (a) | 250,000 | 260,030 |
2.75%, 05/20/22 (a) | 675,000 | 701,517 |
2.50%, 08/01/22 (a) | 700,000 | 725,760 |
2.65%, 12/02/22 | 450,000 | 471,537 |
3.40%, 02/27/23 (a) | 600,000 | 641,220 |
3.70%, 08/03/23 (a) | 800,000 | 870,136 |
3.40%, 02/22/24 (a) | 325,000 | 353,389 |
2.50%, 07/30/24 (a) | 450,000 | 476,359 |
3.00%, 10/30/24 (a) | 650,000 | 703,349 |
4.20%, 11/06/25 (a) | 650,000 | 755,752 |
3.13%, 05/20/26 (a) | 50,000 | 55,598 |
4.05%, 12/03/42 | 500,000 | 607,055 |
American Express Credit Corp. | ||
2.70%, 03/03/22 (a) | 400,000 | 414,114 |
3.30%, 05/03/27 (a) | 550,000 | 625,416 |
Australia & New Zealand Banking Group Ltd. | ||
2.30%, 06/01/21 | 650,000 | 661,638 |
2.63%, 05/19/22 | 650,000 | 676,998 |
2.63%, 11/09/22 | 500,000 | 526,110 |
2.05%, 11/21/22 | 250,000 | 259,370 |
Banco Santander S.A. | ||
3.50%, 04/11/22 | 200,000 | 207,719 |
3.13%, 02/23/23 | 200,000 | 208,429 |
3.85%, 04/12/23 | 600,000 | 638,487 |
2.71%, 06/27/24 | 200,000 | 210,672 |
2.75%, 05/28/25 | 600,000 | 621,669 |
5.18%, 11/19/25 | 400,000 | 450,672 |
4.25%, 04/11/27 | 200,000 | 221,466 |
3.80%, 02/23/28 | 600,000 | 649,620 |
4.38%, 04/12/28 | 400,000 | 448,560 |
3.31%, 06/27/29 | 600,000 | 650,136 |
3.49%, 05/28/30 | 400,000 | 429,172 |
Bancolombia S.A. | ||
3.00%, 01/29/25 (a) | 350,000 | 344,005 |
Bank of America Corp. | ||
2.50%, 10/21/22 (a) | 1,500,000 | 1,536,255 |
3.30%, 01/11/23 | 1,700,000 | 1,815,107 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.12%, 01/20/23 (a)(b) | 2,750,000 | 2,848,299 |
2.88%, 04/24/23 (a)(b) | 350,000 | 362,742 |
4.10%, 07/24/23 | 500,000 | 549,550 |
3.00%, 12/20/23 (a)(b) | 1,300,000 | 1,366,157 |
4.13%, 01/22/24 | 750,000 | 833,130 |
3.55%, 03/05/24 (a)(b) | 1,000,000 | 1,068,285 |
4.00%, 04/01/24 | 650,000 | 721,701 |
3.86%, 07/23/24 (a)(b) | 750,000 | 814,815 |
4.20%, 08/26/24 | 950,000 | 1,055,521 |
4.00%, 01/22/25 | 750,000 | 829,522 |
3.46%, 03/15/25 (a)(b) | 575,000 | 623,760 |
3.95%, 04/21/25 | 900,000 | 997,780 |
3.88%, 08/01/25 | 2,300,000 | 2,607,360 |
3.09%, 10/01/25 (a)(b) | 350,000 | 377,745 |
2.46%, 10/22/25 (a)(b) | 350,000 | 368,512 |
2.02%, 02/13/26 (a)(b) | 500,000 | 517,548 |
4.45%, 03/03/26 | 500,000 | 576,417 |
3.50%, 04/19/26 | 500,000 | 563,695 |
4.25%, 10/22/26 | 650,000 | 746,245 |
3.56%, 04/23/27 (a)(b) | 750,000 | 838,860 |
3.25%, 10/21/27 (a) | 1,000,000 | 1,107,015 |
4.18%, 11/25/27 (a) | 700,000 | 801,724 |
3.82%, 01/20/28 (a)(b) | 250,000 | 283,648 |
3.71%, 04/24/28 (a)(b) | 500,000 | 567,062 |
3.59%, 07/21/28 (a)(b) | 850,000 | 956,003 |
3.42%, 12/20/28 (a)(b) | 1,700,000 | 1,896,443 |
3.97%, 03/05/29 (a)(b) | 1,000,000 | 1,148,625 |
4.27%, 07/23/29 (a)(b) | 650,000 | 766,194 |
3.97%, 02/07/30 (a)(b) | 750,000 | 871,856 |
3.19%, 07/23/30 (a)(b) | 750,000 | 828,746 |
2.88%, 10/22/30 (a)(b) | 800,000 | 866,804 |
2.50%, 02/13/31 (a)(b) | 1,200,000 | 1,260,624 |
2.59%, 04/29/31 (a)(b) | 1,000,000 | 1,061,130 |
6.11%, 01/29/37 | 650,000 | 925,840 |
4.24%, 04/24/38 (a)(b) | 700,000 | 857,563 |
7.75%, 05/14/38 | 550,000 | 913,322 |
4.08%, 04/23/40 (a)(b) | 500,000 | 609,305 |
5.88%, 02/07/42 | 500,000 | 743,480 |
5.00%, 01/21/44 | 1,150,000 | 1,580,088 |
4.88%, 04/01/44 | 200,000 | 271,795 |
4.75%, 04/21/45 | 200,000 | 264,761 |
4.44%, 01/20/48 (a)(b) | 750,000 | 974,546 |
3.95%, 01/23/49 (a)(b) | 400,000 | 487,796 |
4.33%, 03/15/50 (a)(b) | 1,025,000 | 1,320,015 |
4.08%, 03/20/51 (a)(b) | 1,800,000 | 2,237,238 |
Bank of America NA | ||
6.00%, 10/15/36 | 600,000 | 854,892 |
Bank of Montreal | ||
1.90%, 08/27/21 | 250,000 | 254,401 |
2.90%, 03/26/22 | 450,000 | 469,033 |
2.35%, 09/11/22 | 950,000 | 989,919 |
2.55%, 11/06/22 (a) | 500,000 | 523,463 |
3.30%, 02/05/24 | 500,000 | 542,505 |
2.50%, 06/28/24 | 300,000 | 318,516 |
1.85%, 05/01/25 | 475,000 | 491,867 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.34%, 10/05/28 (a)(b) | 300,000 | 320,480 |
3.80%, 12/15/32 (a)(b) | 429,000 | 459,470 |
Bank of New York Mellon Corp. | ||
2.60%, 02/07/22 (a) | 750,000 | 774,510 |
1.95%, 08/23/22 | 750,000 | 773,074 |
1.85%, 01/27/23 (a) | 300,000 | 309,710 |
2.95%, 01/29/23 (a) | 500,000 | 531,555 |
3.50%, 04/28/23 | 250,000 | 270,165 |
2.20%, 08/16/23 (a) | 500,000 | 523,123 |
3.25%, 09/11/24 (a) | 350,000 | 384,542 |
2.10%, 10/24/24 | 250,000 | 263,638 |
3.00%, 02/24/25 (a) | 250,000 | 274,176 |
1.60%, 04/24/25 (a) | 450,000 | 466,886 |
3.95%, 11/18/25 (a) | 850,000 | 985,133 |
2.45%, 08/17/26 (a) | 200,000 | 217,912 |
3.25%, 05/16/27 (a) | 300,000 | 340,533 |
3.40%, 01/29/28 (a) | 250,000 | 287,621 |
3.44%, 02/07/28 (a)(b) | 300,000 | 339,411 |
3.00%, 10/30/28 (a) | 350,000 | 384,946 |
3.30%, 08/23/29 (a) | 250,000 | 281,755 |
Bank of Nova Scotia | ||
2.70%, 03/07/22 | 700,000 | 726,124 |
2.00%, 11/15/22 | 400,000 | 412,418 |
2.38%, 01/18/23 | 250,000 | 260,314 |
1.95%, 02/01/23 | 350,000 | 360,715 |
1.63%, 05/01/23 | 550,000 | 563,065 |
3.40%, 02/11/24 | 500,000 | 543,273 |
2.20%, 02/03/25 | 400,000 | 420,508 |
1.30%, 06/11/25 | 400,000 | 403,032 |
4.50%, 12/16/25 | 300,000 | 339,563 |
2.70%, 08/03/26 | 400,000 | 436,686 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 200,000 | 219,201 |
Barclays Bank PLC | ||
1.70%, 05/12/22 (a) | 750,000 | 763,871 |
Barclays PLC | ||
3.68%, 01/10/23 (a) | 550,000 | 570,669 |
4.61%, 02/15/23 (a)(b) | 950,000 | 1,000,407 |
4.34%, 05/16/24 (a)(b) | 750,000 | 808,252 |
4.38%, 09/11/24 | 200,000 | 213,365 |
3.65%, 03/16/25 | 800,000 | 868,504 |
3.93%, 05/07/25 (a)(b) | 700,000 | 756,192 |
4.38%, 01/12/26 | 900,000 | 1,016,905 |
5.20%, 05/12/26 | 850,000 | 952,765 |
4.34%, 01/10/28 (a) | 400,000 | 445,074 |
4.84%, 05/09/28 (a) | 700,000 | 767,931 |
4.97%, 05/16/29 (a)(b) | 950,000 | 1,114,887 |
5.09%, 06/20/30 (a)(b) | 250,000 | 284,286 |
2.65%, 06/24/31 (a)(b) | 200,000 | 199,212 |
5.25%, 08/17/45 | 500,000 | 671,980 |
4.95%, 01/10/47 | 500,000 | 657,097 |
BBVA USA | ||
3.50%, 06/11/21 (a) | 250,000 | 255,480 |
2.88%, 06/29/22 (a) | 250,000 | 256,915 |
2.50%, 08/27/24 (a) | 250,000 | 253,981 |
3.88%, 04/10/25 (a) | 250,000 | 267,185 |
BNP Paribas S.A. | ||
3.25%, 03/03/23 | 375,000 | 404,822 |
4.25%, 10/15/24 | 300,000 | 328,683 |
BPCE S.A. | ||
4.00%, 04/15/24 | 750,000 | 834,127 |
3.38%, 12/02/26 | 250,000 | 278,374 |
Canadian Imperial Bank of Commerce | ||
2.55%, 06/16/22 | 250,000 | 260,174 |
2.61%, 07/22/23 (a)(b) | 100,000 | 103,439 |
3.50%, 09/13/23 | 700,000 | 764,659 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.10%, 04/02/24 | 250,000 | 267,856 |
2.25%, 01/28/25 | 250,000 | 262,216 |
Capital One Bank USA NA | ||
3.38%, 02/15/23 | 250,000 | 262,565 |
2.28%, 01/28/26 (a)(b) | 500,000 | 513,683 |
Capital One Financial Corp. | ||
4.75%, 07/15/21 | 550,000 | 573,540 |
3.05%, 03/09/22 (a) | 500,000 | 518,983 |
3.50%, 06/15/23 | 2,100,000 | 2,256,072 |
3.90%, 01/29/24 (a) | 250,000 | 272,198 |
3.30%, 10/30/24 (a) | 700,000 | 753,763 |
3.20%, 02/05/25 (a) | 500,000 | 537,325 |
4.20%, 10/29/25 (a) | 550,000 | 612,496 |
3.75%, 07/28/26 (a) | 400,000 | 440,388 |
3.75%, 03/09/27 (a) | 250,000 | 276,635 |
3.65%, 05/11/27 (a) | 700,000 | 772,030 |
3.80%, 01/31/28 (a) | 550,000 | 610,643 |
Citibank NA | ||
3.40%, 07/23/21 (a) | 500,000 | 514,923 |
3.65%, 01/23/24 (a) | 850,000 | 933,096 |
Citigroup, Inc. | ||
2.35%, 08/02/21 | 250,000 | 254,938 |
2.90%, 12/08/21 (a) | 1,050,000 | 1,081,768 |
4.50%, 01/14/22 | 1,300,000 | 1,375,491 |
2.75%, 04/25/22 (a) | 950,000 | 984,523 |
4.05%, 07/30/22 | 100,000 | 106,117 |
2.70%, 10/27/22 (a) | 250,000 | 260,868 |
2.31%, 11/04/22 (a)(b) | 500,000 | 510,613 |
3.14%, 01/24/23 (a)(b) | 1,000,000 | 1,034,775 |
3.50%, 05/15/23 | 200,000 | 213,297 |
2.88%, 07/24/23 (a)(b) | 950,000 | 989,045 |
3.88%, 10/25/23 | 250,000 | 274,785 |
4.04%, 06/01/24 (a)(b) | 450,000 | 489,157 |
3.75%, 06/16/24 | 500,000 | 552,268 |
4.00%, 08/05/24 | 250,000 | 273,401 |
3.88%, 03/26/25 | 450,000 | 492,831 |
3.35%, 04/24/25 (a)(b) | 550,000 | 594,536 |
3.30%, 04/27/25 | 765,000 | 842,785 |
4.40%, 06/10/25 | 750,000 | 841,807 |
5.50%, 09/13/25 | 800,000 | 948,464 |
3.70%, 01/12/26 | 750,000 | 839,351 |
4.60%, 03/09/26 | 300,000 | 342,719 |
3.11%, 04/08/26 (a)(b) | 1,100,000 | 1,183,413 |
3.40%, 05/01/26 | 500,000 | 555,112 |
3.20%, 10/21/26 (a) | 1,000,000 | 1,098,830 |
4.30%, 11/20/26 | 500,000 | 568,980 |
4.45%, 09/29/27 | 1,150,000 | 1,311,259 |
3.89%, 01/10/28 (a)(b) | 750,000 | 845,760 |
6.63%, 01/15/28 | 150,000 | 195,856 |
3.67%, 07/24/28 (a)(b) | 1,250,000 | 1,397,806 |
4.13%, 07/25/28 | 900,000 | 1,019,826 |
3.52%, 10/27/28 (a)(b) | 600,000 | 665,535 |
4.08%, 04/23/29 (a)(b) | 200,000 | 228,653 |
3.98%, 03/20/30 (a)(b) | 950,000 | 1,089,132 |
2.98%, 11/05/30 (a)(b) | 900,000 | 958,504 |
2.67%, 01/29/31 (a)(b) | 750,000 | 777,922 |
4.41%, 03/31/31 (a)(b) | 1,350,000 | 1,603,786 |
2.57%, 06/03/31 (a)(b) | 700,000 | 724,241 |
6.63%, 06/15/32 | 250,000 | 345,534 |
5.88%, 02/22/33 | 350,000 | 447,673 |
6.00%, 10/31/33 | 350,000 | 460,847 |
3.88%, 01/24/39 (a)(b) | 800,000 | 928,396 |
8.13%, 07/15/39 | 300,000 | 522,219 |
5.32%, 03/26/41 (a)(b) | 600,000 | 812,088 |
5.88%, 01/30/42 | 400,000 | 587,072 |
6.68%, 09/13/43 | 300,000 | 464,076 |
5.30%, 05/06/44 | 300,000 | 398,934 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.65%, 07/30/45 | 450,000 | 581,173 |
4.75%, 05/18/46 | 650,000 | 829,289 |
4.28%, 04/24/48 (a)(b) | 350,000 | 434,254 |
4.65%, 07/23/48 (a) | 800,000 | 1,049,224 |
Citizens Bank NA | ||
3.25%, 02/14/22 (a) | 500,000 | 518,710 |
2.65%, 05/26/22 (a) | 250,000 | 258,319 |
3.70%, 03/29/23 (a) | 250,000 | 265,798 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 250,000 | 279,173 |
2.85%, 07/27/26 (a) | 150,000 | 162,179 |
3.25%, 04/30/30 (a) | 450,000 | 485,154 |
Comerica, Inc. | ||
3.70%, 07/31/23 (a) | 300,000 | 322,643 |
4.00%, 02/01/29 (a) | 400,000 | 450,474 |
Cooperatieve Rabobank UA | ||
2.75%, 01/10/22 | 250,000 | 258,496 |
3.88%, 02/08/22 | 1,250,000 | 1,319,881 |
2.75%, 01/10/23 | 250,000 | 264,339 |
4.63%, 12/01/23 | 450,000 | 496,022 |
3.38%, 05/21/25 | 750,000 | 834,979 |
4.38%, 08/04/25 | 500,000 | 562,777 |
3.75%, 07/21/26 | 250,000 | 275,769 |
5.25%, 05/24/41 | 700,000 | 1,000,069 |
5.75%, 12/01/43 | 500,000 | 720,942 |
5.25%, 08/04/45 | 500,000 | 689,132 |
Credit Suisse AG | ||
3.00%, 10/29/21 | 250,000 | 258,425 |
2.10%, 11/12/21 | 600,000 | 612,879 |
2.80%, 04/08/22 | 500,000 | 518,885 |
1.00%, 05/05/23 | 250,000 | 251,519 |
3.63%, 09/09/24 | 1,300,000 | 1,438,463 |
2.95%, 04/09/25 | 500,000 | 542,523 |
Credit Suisse Group Funding Guernsey Ltd. | ||
3.80%, 09/15/22 | 500,000 | 531,135 |
3.80%, 06/09/23 | 600,000 | 646,266 |
3.75%, 03/26/25 | 1,250,000 | 1,374,775 |
4.55%, 04/17/26 | 750,000 | 863,902 |
4.88%, 05/15/45 | 500,000 | 663,062 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 250,000 | 376,999 |
Deutsche Bank AG | ||
4.25%, 10/14/21 | 1,300,000 | 1,332,883 |
3.30%, 11/16/22 | 500,000 | 513,128 |
3.95%, 02/27/23 | 1,000,000 | 1,039,645 |
3.70%, 05/30/24 | 250,000 | 260,660 |
3.70%, 05/30/24 | 99,000 | 103,491 |
3.96%, 11/26/25 (a)(b) | 450,000 | 472,219 |
4.10%, 01/13/26 | 200,000 | 210,881 |
4.10%, 01/13/26 | 200,000 | 211,650 |
Discover Bank | ||
4.20%, 08/08/23 | 500,000 | 546,668 |
2.45%, 09/12/24 (a) | 250,000 | 262,564 |
4.68%, 08/09/28 (a)(b) | 250,000 | 252,091 |
4.65%, 09/13/28 (a) | 1,000,000 | 1,150,455 |
Discover Financial Services | ||
3.85%, 11/21/22 | 1,250,000 | 1,327,569 |
Fifth Third Bancorp | ||
3.50%, 03/15/22 (a) | 250,000 | 262,141 |
2.60%, 06/15/22 (a) | 450,000 | 467,264 |
1.63%, 05/05/23 (a) | 200,000 | 204,985 |
4.30%, 01/16/24 (a) | 250,000 | 276,538 |
3.65%, 01/25/24 (a) | 575,000 | 627,633 |
2.55%, 05/05/27 (a) | 250,000 | 268,270 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.95%, 03/14/28 (a) | 150,000 | 176,432 |
8.25%, 03/01/38 | 350,000 | 570,505 |
Fifth Third Bank NA | ||
2.25%, 06/14/21 (a) | 310,000 | 314,886 |
1.80%, 01/30/23 (a) | 500,000 | 513,918 |
3.95%, 07/28/25 (a) | 250,000 | 286,429 |
3.85%, 03/15/26 (a) | 500,000 | 562,075 |
First Horizon National Corp. | ||
3.55%, 05/26/23 (a) | 200,000 | 206,370 |
4.00%, 05/26/25 (a) | 200,000 | 208,213 |
First Republic Bank | ||
2.50%, 06/06/22 (a) | 250,000 | 257,199 |
4.63%, 02/13/47 (a) | 250,000 | 301,176 |
Goldman Sachs Capital I | ||
6.35%, 02/15/34 | 350,000 | 480,174 |
Goldman Sachs Group, Inc. | ||
5.25%, 07/27/21 | 1,262,000 | 1,324,949 |
2.35%, 11/15/21 (a) | 950,000 | 956,023 |
5.75%, 01/24/22 | 1,600,000 | 1,726,872 |
3.00%, 04/26/22 (a) | 1,300,000 | 1,324,446 |
2.88%, 10/31/22 (a)(b) | 1,000,000 | 1,026,175 |
3.63%, 01/22/23 | 800,000 | 856,368 |
3.20%, 02/23/23 (a) | 600,000 | 636,516 |
2.91%, 06/05/23 (a)(b) | 250,000 | 259,279 |
2.91%, 07/24/23 (a)(b) | 1,000,000 | 1,039,785 |
3.63%, 02/20/24 (a) | 600,000 | 652,761 |
4.00%, 03/03/24 | 550,000 | 608,435 |
3.85%, 07/08/24 (a) | 650,000 | 714,733 |
3.50%, 01/23/25 (a) | 1,000,000 | 1,093,075 |
3.50%, 04/01/25 (a) | 1,300,000 | 1,427,159 |
3.75%, 05/22/25 (a) | 500,000 | 553,863 |
3.27%, 09/29/25 (a)(b) | 800,000 | 861,464 |
4.25%, 10/21/25 | 750,000 | 844,980 |
3.50%, 11/16/26 (a) | 950,000 | 1,045,275 |
5.95%, 01/15/27 | 265,000 | 332,258 |
3.85%, 01/26/27 (a) | 1,100,000 | 1,238,589 |
3.69%, 06/05/28 (a)(b) | 1,100,000 | 1,232,176 |
3.81%, 04/23/29 (a)(b) | 675,000 | 763,668 |
4.22%, 05/01/29 (a)(b) | 950,000 | 1,104,076 |
2.60%, 02/07/30 (a) | 700,000 | 736,613 |
3.80%, 03/15/30 (a) | 850,000 | 967,602 |
6.13%, 02/15/33 | 150,000 | 211,505 |
6.45%, 05/01/36 | 400,000 | 555,924 |
6.75%, 10/01/37 | 1,750,000 | 2,526,641 |
4.02%, 10/31/38 (a)(b) | 800,000 | 927,796 |
4.41%, 04/23/39 (a)(b) | 800,000 | 969,920 |
6.25%, 02/01/41 | 800,000 | 1,208,644 |
4.80%, 07/08/44 (a) | 675,000 | 882,768 |
5.15%, 05/22/45 | 800,000 | 1,047,652 |
4.75%, 10/21/45 (a) | 500,000 | 659,552 |
HSBC Bank USA NA | ||
7.00%, 01/15/39 | 250,000 | 375,254 |
HSBC Holdings PLC | ||
2.65%, 01/05/22 | 950,000 | 976,861 |
4.88%, 01/14/22 | 350,000 | 372,411 |
4.00%, 03/30/22 | 500,000 | 528,458 |
3.26%, 03/13/23 (a)(b) | 1,050,000 | 1,087,574 |
3.60%, 05/25/23 | 700,000 | 749,752 |
3.03%, 11/22/23 (a)(b) | 250,000 | 261,094 |
4.25%, 03/14/24 | 950,000 | 1,024,950 |
3.95%, 05/18/24 (a)(b) | 500,000 | 537,765 |
3.80%, 03/11/25 (a)(b) | 800,000 | 864,528 |
4.25%, 08/18/25 | 400,000 | 435,822 |
2.63%, 11/07/25 (a)(b) | 250,000 | 258,968 |
4.30%, 03/08/26 | 1,300,000 | 1,469,136 |
3.90%, 05/25/26 | 1,100,000 | 1,223,904 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.10%, 06/04/26 (a)(b) | 600,000 | 606,726 |
4.29%, 09/12/26 (a)(b) | 1,000,000 | 1,115,465 |
4.38%, 11/23/26 | 500,000 | 557,510 |
4.04%, 03/13/28 (a)(b) | 500,000 | 552,778 |
4.58%, 06/19/29 (a)(b) | 1,250,000 | 1,444,394 |
4.95%, 03/31/30 | 850,000 | 1,022,665 |
3.97%, 05/22/30 (a)(b) | 1,000,000 | 1,113,810 |
2.85%, 06/04/31 (a)(b) | 250,000 | 255,639 |
7.63%, 05/17/32 | 287,000 | 402,417 |
6.50%, 05/02/36 | 650,000 | 881,325 |
6.50%, 09/15/37 | 650,000 | 886,623 |
6.80%, 06/01/38 | 550,000 | 771,353 |
6.10%, 01/14/42 | 400,000 | 570,044 |
5.25%, 03/14/44 | 495,000 | 625,341 |
HSBC USA, Inc. | ||
3.50%, 06/23/24 | 200,000 | 219,696 |
Huntington Bancshares, Inc. | ||
2.30%, 01/14/22 (a) | 50,000 | 51,422 |
2.63%, 08/06/24 (a) | 250,000 | 264,821 |
4.00%, 05/15/25 (a) | 350,000 | 396,639 |
2.55%, 02/04/30 (a) | 250,000 | 259,209 |
Huntington National Bank | ||
2.50%, 08/07/22 (a) | 500,000 | 520,018 |
3.55%, 10/06/23 (a) | 500,000 | 545,670 |
ING Groep N.V. | ||
3.15%, 03/29/22 | 800,000 | 832,360 |
4.10%, 10/02/23 | 200,000 | 219,446 |
3.55%, 04/09/24 | 250,000 | 272,525 |
3.95%, 03/29/27 | 500,000 | 575,480 |
4.55%, 10/02/28 | 500,000 | 604,900 |
4.05%, 04/09/29 | 255,000 | 299,582 |
Intesa Sanpaolo S.p.A. | ||
5.25%, 01/12/24 | 200,000 | 217,379 |
JPMorgan Chase & Co. | ||
2.30%, 08/15/21 (a) | 750,000 | 751,605 |
4.35%, 08/15/21 | 2,050,000 | 2,139,933 |
4.50%, 01/24/22 | 600,000 | 637,077 |
3.25%, 09/23/22 | 850,000 | 898,577 |
2.97%, 01/15/23 (a) | 500,000 | 518,438 |
3.20%, 01/25/23 | 1,291,000 | 1,372,611 |
3.21%, 04/01/23 (a)(b) | 250,000 | 260,293 |
2.78%, 04/25/23 (a)(b) | 500,000 | 517,845 |
3.38%, 05/01/23 | 1,575,000 | 1,684,785 |
2.70%, 05/18/23 (a) | 750,000 | 790,324 |
3.88%, 02/01/24 | 1,020,000 | 1,131,807 |
3.56%, 04/23/24 (a)(b) | 700,000 | 749,945 |
3.63%, 05/13/24 | 500,000 | 552,328 |
3.80%, 07/23/24 (a)(b) | 1,390,000 | 1,508,650 |
3.88%, 09/10/24 | 900,000 | 997,659 |
4.02%, 12/05/24 (a)(b) | 700,000 | 771,690 |
3.13%, 01/23/25 (a) | 1,000,000 | 1,089,985 |
3.22%, 03/01/25 (a)(b) | 350,000 | 376,829 |
3.90%, 07/15/25 (a) | 650,000 | 735,670 |
2.30%, 10/15/25 (a)(b) | 650,000 | 681,960 |
2.01%, 03/13/26 (a)(b) | 700,000 | 726,635 |
3.30%, 04/01/26 (a) | 925,000 | 1,032,115 |
2.08%, 04/22/26 (a)(b) | 1,100,000 | 1,144,165 |
3.20%, 06/15/26 (a) | 799,000 | 887,485 |
2.95%, 10/01/26 (a) | 975,000 | 1,070,794 |
7.63%, 10/15/26 | 150,000 | 201,464 |
4.13%, 12/15/26 | 650,000 | 758,209 |
3.96%, 01/29/27 (a)(b) | 200,000 | 227,771 |
4.25%, 10/01/27 | 493,000 | 573,509 |
3.63%, 12/01/27 (a) | 500,000 | 552,908 |
3.78%, 02/01/28 (a)(b) | 950,000 | 1,077,086 |
3.54%, 05/01/28 (a)(b) | 1,050,000 | 1,174,792 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.18%, 06/01/28 (a)(b) | 500,000 | 518,970 |
3.51%, 01/23/29 (a)(b) | 750,000 | 845,835 |
4.01%, 04/23/29 (a)(b) | 750,000 | 866,149 |
4.20%, 07/23/29 (a)(b) | 1,150,000 | 1,348,501 |
4.45%, 12/05/29 (a)(b) | 750,000 | 898,620 |
3.70%, 05/06/30 (a)(b) | 900,000 | 1,032,696 |
2.74%, 10/15/30 (a)(b) | 1,200,000 | 1,287,888 |
4.49%, 03/24/31 (a)(b) | 1,200,000 | 1,470,390 |
2.52%, 04/22/31 (a)(b) | 900,000 | 952,627 |
2.96%, 05/13/31 (a)(b) | 1,000,000 | 1,062,400 |
6.40%, 05/15/38 | 900,000 | 1,394,455 |
3.88%, 07/24/38 (a)(b) | 850,000 | 1,007,377 |
5.50%, 10/15/40 | 500,000 | 736,632 |
3.11%, 04/22/41 (a)(b) | 600,000 | 649,590 |
5.60%, 07/15/41 | 350,000 | 511,040 |
5.40%, 01/06/42 | 500,000 | 711,057 |
5.63%, 08/16/43 | 450,000 | 659,092 |
4.85%, 02/01/44 | 400,000 | 546,952 |
4.95%, 06/01/45 | 600,000 | 825,330 |
4.26%, 02/22/48 (a)(b) | 500,000 | 633,132 |
4.03%, 07/24/48 (a)(b) | 500,000 | 608,117 |
3.96%, 11/15/48 (a)(b) | 1,200,000 | 1,455,462 |
3.90%, 01/23/49 (a)(b) | 500,000 | 604,967 |
3.11%, 04/22/51 (a)(b) | 800,000 | 857,300 |
KeyBank NA | ||
2.50%, 11/22/21 | 250,000 | 256,926 |
3.30%, 02/01/22 | 350,000 | 365,097 |
2.40%, 06/09/22 | 250,000 | 258,900 |
2.30%, 09/14/22 | 250,000 | 259,398 |
3.38%, 03/07/23 | 250,000 | 267,830 |
1.25%, 03/10/23 | 250,000 | 253,850 |
3.30%, 06/01/25 | 250,000 | 278,663 |
KeyCorp | ||
4.10%, 04/30/28 | 1,000,000 | 1,175,110 |
2.55%, 10/01/29 | 150,000 | 155,324 |
Lloyds Banking Group PLC | ||
3.10%, 07/06/21 | 1,250,000 | 1,278,719 |
3.00%, 01/11/22 | 250,000 | 258,071 |
2.86%, 03/17/23 (a)(b) | 450,000 | 463,712 |
4.05%, 08/16/23 | 500,000 | 543,220 |
2.91%, 11/07/23 (a)(b) | 500,000 | 519,883 |
3.90%, 03/12/24 | 350,000 | 380,963 |
4.50%, 11/04/24 | 800,000 | 874,800 |
3.87%, 07/09/25 (a)(b) | 400,000 | 435,462 |
4.58%, 12/10/25 | 200,000 | 222,107 |
2.44%, 02/05/26 (a)(b) | 200,000 | 206,470 |
4.65%, 03/24/26 | 1,250,000 | 1,400,969 |
3.75%, 01/11/27 | 400,000 | 443,516 |
4.38%, 03/22/28 | 1,300,000 | 1,503,196 |
3.57%, 11/07/28 (a)(b) | 450,000 | 490,352 |
4.34%, 01/09/48 | 600,000 | 702,684 |
Manufacturers & Traders Trust Co. | ||
2.50%, 05/18/22 (a) | 250,000 | 258,674 |
2.90%, 02/06/25 (a) | 250,000 | 273,661 |
3.40%, 08/17/27 | 250,000 | 278,419 |
Mitsubishi UFJ Financial Group, Inc. | ||
2.19%, 09/13/21 | 1,491,000 | 1,518,419 |
3.22%, 03/07/22 | 600,000 | 624,600 |
2.62%, 07/18/22 | 700,000 | 727,755 |
2.67%, 07/25/22 | 250,000 | 259,951 |
3.46%, 03/02/23 | 377,000 | 402,566 |
3.76%, 07/26/23 | 250,000 | 271,479 |
3.41%, 03/07/24 | 500,000 | 540,260 |
2.80%, 07/18/24 | 300,000 | 317,955 |
2.19%, 02/25/25 | 850,000 | 879,282 |
3.78%, 03/02/25 | 250,000 | 276,588 |
3.85%, 03/01/26 | 750,000 | 850,087 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.76%, 09/13/26 | 200,000 | 213,787 |
3.68%, 02/22/27 | 200,000 | 222,007 |
3.29%, 07/25/27 | 900,000 | 986,463 |
3.96%, 03/02/28 | 250,000 | 287,326 |
3.74%, 03/07/29 | 800,000 | 908,720 |
3.20%, 07/18/29 | 750,000 | 820,275 |
2.56%, 02/25/30 | 400,000 | 416,604 |
4.29%, 07/26/38 | 500,000 | 606,617 |
4.15%, 03/07/39 | 150,000 | 180,246 |
3.75%, 07/18/39 | 500,000 | 568,897 |
Mizuho Financial Group, Inc. | ||
2.27%, 09/13/21 | 250,000 | 254,921 |
2.95%, 02/28/22 | 700,000 | 725,977 |
2.60%, 09/11/22 | 550,000 | 571,128 |
3.55%, 03/05/23 | 250,000 | 267,774 |
2.72%, 07/16/23 (a)(b) | 300,000 | 310,268 |
3.92%, 09/11/24 (a)(b) | 250,000 | 270,271 |
2.56%, 09/13/25 (a)(b) | 200,000 | 208,280 |
2.23%, 05/25/26 (a)(b) | 400,000 | 410,854 |
3.66%, 02/28/27 | 400,000 | 439,730 |
3.17%, 09/11/27 | 700,000 | 748,657 |
4.25%, 09/11/29 (a)(b) | 500,000 | 579,752 |
3.15%, 07/16/30 (a)(b) | 250,000 | 271,406 |
2.87%, 09/13/30 (a)(b) | 200,000 | 212,479 |
2.59%, 05/25/31 (a)(b) | 200,000 | 207,366 |
Morgan Stanley | ||
5.50%, 07/28/21 | 750,000 | 789,761 |
2.63%, 11/17/21 | 1,250,000 | 1,284,762 |
2.75%, 05/19/22 | 602,000 | 625,400 |
4.88%, 11/01/22 | 1,150,000 | 1,251,344 |
3.13%, 01/23/23 | 1,300,000 | 1,379,735 |
3.75%, 02/25/23 | 500,000 | 539,423 |
4.10%, 05/22/23 | 750,000 | 811,204 |
3.74%, 04/24/24 (a)(b) | 1,000,000 | 1,077,960 |
3.88%, 04/29/24 | 1,000,000 | 1,106,010 |
3.70%, 10/23/24 | 750,000 | 832,046 |
2.72%, 07/22/25 (a)(b) | 340,000 | 360,427 |
4.00%, 07/23/25 | 1,400,000 | 1,588,279 |
5.00%, 11/24/25 | 650,000 | 764,835 |
3.88%, 01/27/26 | 200,000 | 227,231 |
2.19%, 04/28/26 (a)(b) | 700,000 | 730,184 |
3.13%, 07/27/26 | 1,750,000 | 1,932,892 |
6.25%, 08/09/26 | 100,000 | 127,935 |
4.35%, 09/08/26 | 1,050,000 | 1,211,049 |
3.63%, 01/20/27 | 1,100,000 | 1,240,959 |
3.95%, 04/23/27 | 50,000 | 56,182 |
3.59%, 07/22/28 (a)(b) | 1,250,000 | 1,406,512 |
3.77%, 01/24/29 (a)(b) | 850,000 | 969,000 |
4.43%, 01/23/30 (a)(b) | 1,150,000 | 1,373,543 |
2.70%, 01/22/31 (a)(b) | 1,250,000 | 1,328,950 |
3.62%, 04/01/31 (a)(b) | 900,000 | 1,029,856 |
7.25%, 04/01/32 | 400,000 | 607,580 |
3.97%, 07/22/38 (a)(b) | 500,000 | 597,130 |
4.46%, 04/22/39 (a)(b) | 250,000 | 315,511 |
6.38%, 07/24/42 | 700,000 | 1,103,658 |
4.30%, 01/27/45 | 1,000,000 | 1,261,310 |
4.38%, 01/22/47 | 700,000 | 918,239 |
5.60%, 03/24/51 (a)(b) | 850,000 | 1,296,764 |
MUFG Americas Holdings Corp. | ||
3.50%, 06/18/22 | 200,000 | 210,608 |
3.00%, 02/10/25 (a) | 250,000 | 270,631 |
MUFG Union Bank NA | ||
3.15%, 04/01/22 (a) | 250,000 | 260,861 |
2.10%, 12/09/22 (a) | 250,000 | 258,093 |
National Australia Bank Ltd. | ||
1.88%, 07/12/21 | 350,000 | 355,213 |
2.80%, 01/10/22 | 250,000 | 258,655 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.50%, 05/22/22 | 500,000 | 518,500 |
3.00%, 01/20/23 | 250,000 | 265,136 |
2.88%, 04/12/23 | 500,000 | 530,603 |
3.63%, 06/20/23 | 250,000 | 271,424 |
3.38%, 01/14/26 | 500,000 | 560,712 |
2.50%, 07/12/26 | 250,000 | 269,881 |
National Bank of Canada | ||
2.10%, 02/01/23 | 350,000 | 360,271 |
New York Community Bancorp, Inc. | ||
5.90%, 11/06/28 (a)(b) | 100,000 | 98,207 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 500,000 | 580,870 |
3.65%, 08/03/28 (a) | 250,000 | 291,606 |
3.15%, 05/03/29 (a) | 250,000 | 285,149 |
1.95%, 05/01/30 (a) | 250,000 | 258,293 |
3.38%, 05/08/32 (a)(b) | 200,000 | 213,729 |
People's United Financial, Inc. | ||
3.65%, 12/06/22 (a) | 165,000 | 171,972 |
PNC Bank NA | ||
2.55%, 12/09/21 (a) | 500,000 | 514,298 |
2.63%, 02/17/22 (a) | 350,000 | 361,932 |
2.23%, 07/22/22 (a)(b) | 250,000 | 254,335 |
2.70%, 11/01/22 (a) | 250,000 | 261,586 |
2.95%, 01/30/23 (a) | 1,000,000 | 1,052,610 |
3.50%, 06/08/23 (a) | 250,000 | 270,708 |
3.80%, 07/25/23 (a) | 500,000 | 543,445 |
3.30%, 10/30/24 (a) | 250,000 | 274,986 |
3.25%, 06/01/25 (a) | 250,000 | 277,461 |
3.10%, 10/25/27 (a) | 300,000 | 337,262 |
3.25%, 01/22/28 (a) | 500,000 | 563,492 |
4.05%, 07/26/28 | 750,000 | 878,955 |
2.70%, 10/22/29 | 250,000 | 266,586 |
PNC Financial Services Group, Inc. | ||
3.30%, 03/08/22 (a) | 250,000 | 261,016 |
2.85%, 11/09/22 | 200,000 | 210,531 |
3.50%, 01/23/24 (a) | 250,000 | 273,644 |
2.20%, 11/01/24 (a) | 300,000 | 318,554 |
2.60%, 07/23/26 (a) | 300,000 | 325,875 |
3.15%, 05/19/27 (a) | 100,000 | 112,058 |
3.45%, 04/23/29 (a) | 250,000 | 287,829 |
2.55%, 01/22/30 (a) | 650,000 | 702,205 |
Regions Bank | ||
6.45%, 06/26/37 | 250,000 | 341,116 |
Regions Financial Corp. | ||
2.75%, 08/14/22 (a) | 500,000 | 521,503 |
2.25%, 05/18/25 (a) | 250,000 | 261,916 |
7.38%, 12/10/37 | 150,000 | 213,616 |
Royal Bank of Canada | ||
2.75%, 02/01/22 | 1,050,000 | 1,089,091 |
2.80%, 04/29/22 | 70,000 | 72,890 |
1.60%, 04/17/23 | 400,000 | 410,158 |
3.70%, 10/05/23 | 500,000 | 546,618 |
2.55%, 07/16/24 | 450,000 | 478,487 |
2.25%, 11/01/24 | 550,000 | 580,965 |
1.15%, 06/10/25 | 200,000 | 200,515 |
4.65%, 01/27/26 | 250,000 | 290,298 |
Royal Bank of Scotland Group PLC | ||
6.13%, 12/15/22 | 1,250,000 | 1,364,844 |
3.50%, 05/15/23 (a)(b) | 500,000 | 519,988 |
3.88%, 09/12/23 | 450,000 | 485,532 |
6.00%, 12/19/23 | 400,000 | 448,534 |
2.36%, 05/22/24 (a)(b) | 200,000 | 205,412 |
5.13%, 05/28/24 | 1,250,000 | 1,366,831 |
4.52%, 06/25/24 (a)(b) | 350,000 | 380,235 |
4.27%, 03/22/25 (a)(b) | 700,000 | 761,183 |
4.80%, 04/05/26 | 600,000 | 695,043 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.89%, 05/18/29 (a)(b) | 1,000,000 | 1,177,900 |
3.75%, 11/01/29 (a)(b) | 200,000 | 207,056 |
5.08%, 01/27/30 (a)(b) | 450,000 | 541,321 |
4.45%, 05/08/30 (a)(b) | 250,000 | 290,095 |
Santander Holdings USA, Inc. | ||
3.70%, 03/28/22 (a) | 1,000,000 | 1,032,575 |
3.40%, 01/18/23 (a) | 100,000 | 104,327 |
3.50%, 06/07/24 (a) | 250,000 | 263,120 |
3.45%, 06/02/25 (a) | 200,000 | 208,773 |
4.50%, 07/17/25 (a) | 500,000 | 543,073 |
4.40%, 07/13/27 (a) | 500,000 | 544,028 |
Santander UK Group Holdings PLC | ||
2.88%, 08/05/21 | 250,000 | 255,736 |
3.37%, 01/05/24 (a)(b) | 2,000,000 | 2,098,050 |
Santander UK PLC | ||
3.40%, 06/01/21 | 600,000 | 615,963 |
2.10%, 01/13/23 | 200,000 | 206,204 |
4.00%, 03/13/24 | 350,000 | 386,020 |
Skandinaviska Enskilda Banken AB | ||
1.88%, 09/13/21 | 500,000 | 508,038 |
State Street Corp. | ||
2.83%, 03/30/23 (a)(b)(d) | 500,000 | 518,945 |
3.10%, 05/15/23 | 250,000 | 268,730 |
3.70%, 11/20/23 | 200,000 | 222,023 |
3.78%, 12/03/24 (a)(b) | 250,000 | 276,801 |
3.30%, 12/16/24 | 500,000 | 556,430 |
3.55%, 08/18/25 | 571,000 | 649,570 |
2.35%, 11/01/25 (a)(b) | 300,000 | 317,426 |
2.90%, 03/30/26 (a)(b)(d) | 100,000 | 108,465 |
2.65%, 05/19/26 | 250,000 | 274,376 |
4.14%, 12/03/29 (a)(b) | 500,000 | 601,362 |
2.40%, 01/24/30 | 250,000 | 269,031 |
Sumitomo Mitsui Banking Corp. | ||
3.00%, 01/18/23 | 250,000 | 263,990 |
3.40%, 07/11/24 | 500,000 | 542,925 |
3.65%, 07/23/25 | 250,000 | 277,678 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.06%, 07/14/21 | 100,000 | 101,704 |
2.44%, 10/19/21 | 500,000 | 512,170 |
2.85%, 01/11/22 | 500,000 | 516,883 |
2.78%, 07/12/22 | 1,100,000 | 1,146,167 |
3.10%, 01/17/23 | 1,000,000 | 1,058,690 |
3.94%, 10/16/23 | 250,000 | 274,564 |
2.70%, 07/16/24 | 650,000 | 688,327 |
2.45%, 09/27/24 | 350,000 | 367,257 |
2.35%, 01/15/25 | 450,000 | 470,529 |
3.78%, 03/09/26 | 450,000 | 509,477 |
2.63%, 07/14/26 | 1,000,000 | 1,066,760 |
3.01%, 10/19/26 | 800,000 | 872,008 |
3.45%, 01/11/27 | 300,000 | 330,368 |
3.36%, 07/12/27 | 350,000 | 385,546 |
3.54%, 01/17/28 | 200,000 | 222,101 |
3.94%, 07/19/28 | 100,000 | 114,649 |
4.31%, 10/16/28 | 450,000 | 528,689 |
3.04%, 07/16/29 | 1,150,000 | 1,246,203 |
2.72%, 09/27/29 | 200,000 | 211,835 |
2.75%, 01/15/30 | 450,000 | 477,297 |
SVB Financial Group | ||
3.50%, 01/29/25 | 100,000 | 108,683 |
3.13%, 06/05/30 (a) | 250,000 | 268,648 |
Svenska Handelsbanken AB | ||
3.90%, 11/20/23 | 650,000 | 719,729 |
Synchrony Bank | ||
3.00%, 06/15/22 (a) | 750,000 | 765,870 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 158,000 | 167,383 |
4.25%, 08/15/24 (a) | 250,000 | 262,564 |
3.70%, 08/04/26 (a) | 300,000 | 309,014 |
3.95%, 12/01/27 (a) | 550,000 | 574,104 |
5.15%, 03/19/29 (a) | 350,000 | 394,567 |
Synovus Financial Corp. | ||
3.13%, 11/01/22 (a) | 250,000 | 254,783 |
Toronto-Dominion Bank | ||
3.25%, 06/11/21 | 500,000 | 513,830 |
1.80%, 07/13/21 | 300,000 | 304,616 |
1.90%, 12/01/22 | 450,000 | 464,571 |
3.50%, 07/19/23 | 1,250,000 | 1,365,987 |
3.25%, 03/11/24 | 300,000 | 326,414 |
2.65%, 06/12/24 | 500,000 | 535,260 |
Truist Bank | ||
2.63%, 01/15/22 (a) | 250,000 | 257,704 |
2.80%, 05/17/22 (a) | 655,000 | 681,970 |
2.45%, 08/01/22 (a) | 500,000 | 518,443 |
3.00%, 02/02/23 (a) | 150,000 | 158,735 |
2.75%, 05/01/23 (a) | 200,000 | 211,291 |
3.20%, 04/01/24 (a) | 350,000 | 380,580 |
3.69%, 08/02/24 (a)(b) | 500,000 | 543,238 |
1.50%, 03/10/25 (a) | 400,000 | 410,492 |
3.63%, 09/16/25 (a) | 750,000 | 839,070 |
3.80%, 10/30/26 (a) | 500,000 | 567,285 |
2.25%, 03/11/30 (a) | 300,000 | 303,978 |
Truist Financial Corp. | ||
3.20%, 09/03/21 (a) | 750,000 | 772,796 |
2.70%, 01/27/22 (a) | 400,000 | 412,690 |
3.95%, 03/22/22 (a) | 100,000 | 104,298 |
2.75%, 04/01/22 (a) | 100,000 | 103,674 |
2.20%, 03/16/23 (a) | 600,000 | 623,922 |
3.75%, 12/06/23 (a) | 700,000 | 767,224 |
2.50%, 08/01/24 (a) | 160,000 | 170,466 |
4.00%, 05/01/25 (a) | 750,000 | 854,141 |
3.70%, 06/05/25 (a) | 230,000 | 260,568 |
1.20%, 08/05/25 (a) | 300,000 | 304,089 |
3.88%, 03/19/29 (a) | 100,000 | 113,629 |
US Bancorp | ||
3.00%, 03/15/22 (a) | 510,000 | 532,027 |
2.95%, 07/15/22 (a) | 1,500,000 | 1,573,005 |
3.70%, 01/30/24 (a) | 250,000 | 275,955 |
3.38%, 02/05/24 (a) | 450,000 | 492,188 |
2.40%, 07/30/24 (a) | 400,000 | 426,468 |
3.60%, 09/11/24 (a) | 700,000 | 779,278 |
1.45%, 05/12/25 (a) | 500,000 | 515,430 |
2.38%, 07/22/26 (a) | 200,000 | 216,932 |
3.15%, 04/27/27 (a) | 500,000 | 561,930 |
3.90%, 04/26/28 (a) | 1,000,000 | 1,209,005 |
US Bank NA | ||
1.80%, 01/21/22 (a) | 250,000 | 255,174 |
1.95%, 01/09/23 (a) | 250,000 | 259,068 |
2.85%, 01/23/23 (a) | 250,000 | 264,449 |
2.05%, 01/21/25 (a) | 550,000 | 582,070 |
2.80%, 01/27/25 (a) | 500,000 | 545,083 |
Wachovia Corp. | ||
5.50%, 08/01/35 | 400,000 | 523,994 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 100,000 | 106,760 |
Wells Fargo & Co. | ||
2.10%, 07/26/21 | 1,350,000 | 1,372,025 |
3.50%, 03/08/22 | 1,400,000 | 1,468,411 |
2.63%, 07/22/22 | 1,594,000 | 1,659,027 |
3.07%, 01/24/23 (a) | 1,350,000 | 1,400,395 |
3.45%, 02/13/23 | 600,000 | 637,884 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.48%, 01/16/24 | 250,000 | 277,735 |
3.75%, 01/24/24 (a) | 1,000,000 | 1,093,205 |
3.30%, 09/09/24 | 900,000 | 986,773 |
3.00%, 02/19/25 | 650,000 | 702,559 |
3.55%, 09/29/25 | 750,000 | 837,244 |
2.41%, 10/30/25 (a)(b) | 1,200,000 | 1,249,638 |
2.16%, 02/11/26 (a)(b) | 800,000 | 825,668 |
3.00%, 04/22/26 | 1,250,000 | 1,365,906 |
2.19%, 04/30/26 (a)(b) | 1,000,000 | 1,035,760 |
4.10%, 06/03/26 | 1,450,000 | 1,636,426 |
3.00%, 10/23/26 | 1,100,000 | 1,203,262 |
3.20%, 06/17/27 (a)(b) | 750,000 | 813,097 |
4.30%, 07/22/27 | 800,000 | 916,856 |
3.58%, 05/22/28 (a)(b) | 950,000 | 1,055,863 |
2.39%, 06/02/28 (a)(b) | 250,000 | 258,533 |
4.15%, 01/24/29 (a) | 750,000 | 882,232 |
2.88%, 10/30/30 (a)(b) | 1,200,000 | 1,283,928 |
2.57%, 02/11/31 (a)(b) | 1,000,000 | 1,047,165 |
4.48%, 04/04/31 (a)(b) | 850,000 | 1,028,721 |
5.38%, 02/07/35 | 500,000 | 685,035 |
5.38%, 11/02/43 | 650,000 | 885,368 |
5.61%, 01/15/44 | 1,150,000 | 1,590,122 |
4.65%, 11/04/44 | 750,000 | 930,015 |
3.90%, 05/01/45 | 700,000 | 826,276 |
4.90%, 11/17/45 | 650,000 | 837,028 |
4.40%, 06/14/46 | 600,000 | 727,812 |
4.75%, 12/07/46 | 700,000 | 900,308 |
5.01%, 04/04/51 (a)(b) | 1,850,000 | 2,578,474 |
5.95%, 12/15/36 | 200,000 | 240,545 |
Wells Fargo Bank NA | ||
3.63%, 10/22/21 (a) | 650,000 | 674,697 |
2.08%, 09/09/22 (a)(b) | 500,000 | 508,053 |
3.55%, 08/14/23 (a) | 1,300,000 | 1,409,817 |
6.60%, 01/15/38 | 500,000 | 741,285 |
Westpac Banking Corp. | ||
2.00%, 08/19/21 | 750,000 | 764,047 |
2.80%, 01/11/22 | 250,000 | 258,739 |
2.50%, 06/28/22 | 250,000 | 259,856 |
2.75%, 01/11/23 | 1,050,000 | 1,106,374 |
2.00%, 01/13/23 | 200,000 | 206,985 |
3.65%, 05/15/23 | 250,000 | 271,383 |
3.30%, 02/26/24 | 250,000 | 272,301 |
2.35%, 02/19/25 | 250,000 | 265,596 |
2.85%, 05/13/26 | 600,000 | 659,241 |
2.70%, 08/19/26 | 450,000 | 492,361 |
3.35%, 03/08/27 | 450,000 | 510,710 |
3.40%, 01/25/28 | 300,000 | 344,810 |
2.65%, 01/16/30 | 250,000 | 274,200 |
2.89%, 02/04/30 (a)(b) | 400,000 | 407,224 |
4.32%, 11/23/31 (a)(b) | 500,000 | 555,660 |
4.11%, 07/24/34 (a)(b) | 400,000 | 441,116 |
4.42%, 07/24/39 | 300,000 | 354,230 |
464,306,382 | ||
Brokerage/Asset Managers/Exchanges 0.3% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 250,000 | 272,150 |
3.30%, 06/15/30 (a) | 300,000 | 307,194 |
Ameriprise Financial, Inc. | ||
3.70%, 10/15/24 | 475,000 | 530,155 |
3.00%, 04/02/25 (a) | 150,000 | 163,235 |
2.88%, 09/15/26 (a) | 250,000 | 272,740 |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 200,000 | 208,366 |
3.75%, 10/01/24 (a) | 100,000 | 98,817 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 1,100,000 | 1,216,902 |
3.20%, 03/15/27 | 50,000 | 56,638 |
3.25%, 04/30/29 (a) | 200,000 | 229,899 |
2.40%, 04/30/30 (a) | 150,000 | 162,101 |
1.90%, 01/28/31 (a) | 200,000 | 205,163 |
Brookfield Asset Management, Inc. | ||
4.00%, 01/15/25 (a) | 200,000 | 220,229 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 250,000 | 271,536 |
3.90%, 01/25/28 (a) | 500,000 | 548,405 |
4.85%, 03/29/29 (a) | 150,000 | 176,755 |
4.35%, 04/15/30 (a) | 250,000 | 284,291 |
4.70%, 09/20/47 (a) | 300,000 | 352,495 |
3.45%, 04/15/50 (a) | 200,000 | 191,891 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 200,000 | 227,831 |
Charles Schwab Corp. | ||
2.65%, 01/25/23 (a)(c) | 200,000 | 210,645 |
3.55%, 02/01/24 (a)(c) | 150,000 | 164,294 |
4.20%, 03/24/25 (a)(c) | 250,000 | 286,975 |
3.85%, 05/21/25 (a)(c) | 125,000 | 142,111 |
3.20%, 01/25/28 (a)(c) | 450,000 | 503,784 |
4.00%, 02/01/29 (a)(c) | 250,000 | 296,346 |
3.25%, 05/22/29 (a)(c) | 200,000 | 225,308 |
4.63%, 03/22/30 (a)(c) | 250,000 | 313,181 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 400,000 | 441,514 |
5.30%, 09/15/43 (a) | 300,000 | 445,948 |
4.15%, 06/15/48 (a) | 200,000 | 270,960 |
E*TRADE Financial Corp. | ||
2.95%, 08/24/22 (a) | 200,000 | 208,601 |
3.80%, 08/24/27 (a) | 100,000 | 109,999 |
4.50%, 06/20/28 (a) | 250,000 | 289,614 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 123,000 | 133,545 |
Franklin Resources, Inc. | ||
2.80%, 09/15/22 | 100,000 | 104,326 |
2.85%, 03/30/25 | 150,000 | 162,552 |
Intercontinental Exchange, Inc. | ||
3.45%, 09/21/23 (a) | 150,000 | 162,833 |
4.00%, 10/15/23 | 500,000 | 554,062 |
3.75%, 12/01/25 (a) | 250,000 | 286,345 |
3.10%, 09/15/27 (a) | 100,000 | 112,314 |
3.75%, 09/21/28 (a) | 500,000 | 587,242 |
2.10%, 06/15/30 (a) | 500,000 | 511,832 |
4.25%, 09/21/48 (a) | 200,000 | 254,079 |
3.00%, 06/15/50 (a) | 500,000 | 523,900 |
Invesco Finance PLC | ||
3.13%, 11/30/22 | 250,000 | 265,730 |
3.75%, 01/15/26 | 350,000 | 385,408 |
5.38%, 11/30/43 | 100,000 | 118,817 |
Jefferies Group LLC | ||
5.13%, 01/20/23 | 500,000 | 543,752 |
6.25%, 01/15/36 | 100,000 | 115,783 |
6.50%, 01/20/43 | 150,000 | 175,237 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 700,000 | 772,345 |
4.15%, 01/23/30 | 200,000 | 215,347 |
Lazard Group LLC | ||
3.63%, 03/01/27 (a) | 200,000 | 210,194 |
4.50%, 09/19/28 (a) | 150,000 | 169,790 |
4.38%, 03/11/29 (a) | 150,000 | 168,863 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 250,000 | 282,893 |
5.63%, 01/15/44 | 176,000 | 217,897 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 300,000 | 337,784 |
3.25%, 04/28/50 (a) | 150,000 | 157,625 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 500,000 | 521,802 |
3.10%, 01/16/30 | 500,000 | 521,207 |
Raymond James Financial, Inc. | ||
3.63%, 09/15/26 | 200,000 | 222,557 |
4.65%, 04/01/30 (a) | 200,000 | 238,849 |
4.95%, 07/15/46 | 300,000 | 366,820 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 107,006 |
4.00%, 05/15/30 (a) | 200,000 | 212,585 |
TD Ameritrade Holding Corp. | ||
2.95%, 04/01/22 (a) | 200,000 | 207,955 |
3.75%, 04/01/24 (a) | 200,000 | 220,866 |
3.30%, 04/01/27 (a) | 450,000 | 505,782 |
2.75%, 10/01/29 (a) | 150,000 | 165,080 |
20,727,077 | ||
Finance Companies 0.2% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
5.00%, 10/01/21 | 250,000 | 253,729 |
3.95%, 02/01/22 (a) | 950,000 | 949,601 |
4.63%, 07/01/22 | 150,000 | 151,670 |
3.30%, 01/23/23 (a) | 250,000 | 244,647 |
4.13%, 07/03/23 (a) | 300,000 | 293,703 |
4.88%, 01/16/24 (a) | 250,000 | 247,864 |
6.50%, 07/15/25 (a) | 200,000 | 209,508 |
4.45%, 04/03/26 (a) | 350,000 | 333,247 |
3.65%, 07/21/27 (a) | 1,050,000 | 933,529 |
Air Lease Corp. | ||
3.38%, 06/01/21 | 400,000 | 401,780 |
3.50%, 01/15/22 | 250,000 | 252,330 |
3.75%, 02/01/22 (a) | 140,000 | 141,897 |
2.25%, 01/15/23 | 200,000 | 197,606 |
2.75%, 01/15/23 (a) | 250,000 | 248,467 |
4.25%, 09/15/24 (a) | 650,000 | 661,554 |
3.25%, 03/01/25 (a) | 200,000 | 201,088 |
3.75%, 06/01/26 (a) | 250,000 | 252,590 |
3.63%, 04/01/27 (a) | 650,000 | 638,479 |
3.63%, 12/01/27 (a) | 149,000 | 145,966 |
4.63%, 10/01/28 (a) | 150,000 | 154,664 |
3.25%, 10/01/29 (a) | 150,000 | 143,446 |
3.00%, 02/01/30 (a) | 100,000 | 92,874 |
Aircastle Ltd. | ||
5.50%, 02/15/22 | 100,000 | 100,985 |
5.00%, 04/01/23 | 250,000 | 245,857 |
4.40%, 09/25/23 (a) | 250,000 | 240,331 |
4.13%, 05/01/24 (a) | 300,000 | 284,190 |
4.25%, 06/15/26 (a) | 200,000 | 182,888 |
Ares Capital Corp. | ||
3.63%, 01/19/22 (a) | 100,000 | 101,856 |
3.50%, 02/10/23 (a) | 250,000 | 251,534 |
4.20%, 06/10/24 (a) | 400,000 | 409,632 |
4.25%, 03/01/25 (a) | 100,000 | 101,918 |
3.25%, 07/15/25 (a) | 300,000 | 291,633 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 100,000 | 99,807 |
4.13%, 02/01/25 (a) | 250,000 | 242,138 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 100,000 | 109,222 |
3.85%, 03/30/27 (a) | 200,000 | 214,889 |
3.50%, 03/15/28 (a) | 100,000 | 103,730 |
4.55%, 11/07/28 (a) | 350,000 | 388,743 |
4.70%, 04/01/29 (a) | 255,000 | 290,023 |
5.20%, 03/15/44 (a) | 150,000 | 178,637 |
GE Capital Funding LLC | ||
3.45%, 05/15/25 (a)(d) | 500,000 | 524,092 |
4.05%, 05/15/27 (a)(d) | 250,000 | 263,351 |
4.40%, 05/15/30 (a)(d) | 750,000 | 780,525 |
4.55%, 05/15/32 (a)(d) | 250,000 | 259,496 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 850,000 | 889,172 |
4.42%, 11/15/35 | 3,425,000 | 3,474,731 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 125,000 | 129,059 |
International Lease Finance Corp. | ||
5.88%, 08/15/22 | 250,000 | 262,690 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 100,000 | 102,830 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 100,000 | 97,842 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 200,000 | 207,880 |
4.00%, 03/30/25 (a) | 250,000 | 248,376 |
Prospect Capital Corp. | ||
5.88%, 03/15/23 | 150,000 | 150,773 |
18,379,069 | ||
Financial Other 0.0% | ||
CME Group, Inc. | ||
3.00%, 09/15/22 | 200,000 | 211,022 |
ORIX Corp. | ||
2.90%, 07/18/22 | 540,000 | 560,885 |
4.05%, 01/16/24 | 150,000 | 164,121 |
3.70%, 07/18/27 | 143,000 | 159,750 |
1,095,778 | ||
Insurance 1.2% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 100,000 | 146,922 |
Aegon NV | ||
5.50%, 04/11/48 (a)(b) | 250,000 | 263,998 |
Aetna, Inc. | ||
2.75%, 11/15/22 (a) | 150,000 | 156,317 |
2.80%, 06/15/23 (a) | 250,000 | 263,296 |
3.50%, 11/15/24 (a) | 700,000 | 761,929 |
6.63%, 06/15/36 | 150,000 | 211,875 |
6.75%, 12/15/37 | 250,000 | 357,729 |
4.50%, 05/15/42 (a) | 300,000 | 356,934 |
4.75%, 03/15/44 (a) | 250,000 | 299,945 |
3.88%, 08/15/47 (a) | 150,000 | 170,481 |
Aflac, Inc. | ||
3.63%, 06/15/23 | 500,000 | 548,855 |
3.63%, 11/15/24 | 150,000 | 170,075 |
3.25%, 03/17/25 | 100,000 | 111,081 |
3.60%, 04/01/30 (a) | 350,000 | 407,720 |
4.75%, 01/15/49 (a) | 250,000 | 323,411 |
Alleghany Corp. | ||
4.95%, 06/27/22 | 150,000 | 162,115 |
3.63%, 05/15/30 (a) | 300,000 | 321,039 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 300,000 | 314,135 |
Allstate Corp. | ||
3.15%, 06/15/23 | 450,000 | 485,455 |
3.28%, 12/15/26 (a) | 250,000 | 285,303 |
5.35%, 06/01/33 | 79,000 | 107,323 |
4.50%, 06/15/43 | 450,000 | 577,791 |
4.20%, 12/15/46 (a) | 226,000 | 283,181 |
3.85%, 08/10/49 (a) | 250,000 | 303,189 |
6.50%, 05/15/57 (a)(b) | 100,000 | 121,725 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 108,719 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 100,000 | 118,735 |
4.50%, 06/15/47 (a) | 250,000 | 258,545 |
American International Group, Inc. | ||
4.88%, 06/01/22 | 390,000 | 420,984 |
4.13%, 02/15/24 | 350,000 | 390,554 |
2.50%, 06/30/25 (a) | 450,000 | 476,928 |
3.75%, 07/10/25 (a) | 500,000 | 554,065 |
3.90%, 04/01/26 (a) | 450,000 | 508,124 |
4.20%, 04/01/28 (a) | 400,000 | 453,248 |
4.25%, 03/15/29 (a) | 200,000 | 230,627 |
3.40%, 06/30/30 (a) | 500,000 | 541,912 |
3.88%, 01/15/35 (a) | 250,000 | 282,738 |
4.70%, 07/10/35 (a) | 200,000 | 243,051 |
4.50%, 07/16/44 (a) | 700,000 | 810,194 |
4.80%, 07/10/45 (a) | 500,000 | 609,542 |
4.75%, 04/01/48 (a) | 250,000 | 302,338 |
5.75%, 04/01/48 (a)(b) | 210,000 | 216,267 |
4.38%, 06/30/50 (a) | 300,000 | 348,393 |
4.38%, 01/15/55 (a) | 550,000 | 630,173 |
8.18%, 05/15/58 (a)(b) | 50,000 | 63,194 |
Anthem, Inc. | ||
3.70%, 08/15/21 (a) | 100,000 | 102,887 |
3.13%, 05/15/22 | 250,000 | 261,909 |
2.95%, 12/01/22 (a) | 750,000 | 790,440 |
3.30%, 01/15/23 | 750,000 | 798,971 |
3.50%, 08/15/24 (a) | 350,000 | 383,904 |
3.35%, 12/01/24 (a) | 150,000 | 165,097 |
2.38%, 01/15/25 (a) | 300,000 | 318,217 |
3.65%, 12/01/27 (a) | 500,000 | 570,645 |
4.10%, 03/01/28 (a) | 250,000 | 293,188 |
2.88%, 09/15/29 (a) | 210,000 | 228,434 |
2.25%, 05/15/30 (a) | 450,000 | 463,342 |
4.63%, 05/15/42 | 600,000 | 753,867 |
4.65%, 01/15/43 | 475,000 | 604,335 |
5.10%, 01/15/44 | 200,000 | 266,568 |
4.65%, 08/15/44 (a) | 500,000 | 637,552 |
4.38%, 12/01/47 (a) | 250,000 | 311,904 |
4.55%, 03/01/48 (a) | 150,000 | 191,288 |
3.70%, 09/15/49 (a) | 250,000 | 285,044 |
3.13%, 05/15/50 (a) | 350,000 | 365,731 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 121,589 |
4.50%, 12/15/28 (a) | 100,000 | 119,022 |
3.75%, 05/02/29 (a) | 100,000 | 114,617 |
6.25%, 09/30/40 | 150,000 | 216,280 |
Aon PLC | ||
4.00%, 11/27/23 (a) | 300,000 | 328,165 |
3.50%, 06/14/24 (a) | 500,000 | 544,870 |
3.88%, 12/15/25 (a) | 300,000 | 341,463 |
4.60%, 06/14/44 (a) | 200,000 | 246,166 |
4.75%, 05/15/45 (a) | 250,000 | 320,087 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 150,000 | 169,880 |
5.03%, 12/15/46 (a) | 400,000 | 524,648 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 250,000 | 262,214 |
Arch Capital Group US, Inc. | ||
5.14%, 11/01/43 | 50,000 | 62,826 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 100,000 | 107,356 |
4.90%, 03/27/28 (a) | 150,000 | 163,924 |
3.70%, 02/22/30 (a) | 100,000 | 99,725 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 200,000 | 223,981 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 450,000 | 465,052 |
6.15%, 04/03/30 (a) | 200,000 | 230,636 |
AXA S.A. | ||
8.60%, 12/15/30 | 500,000 | 725,865 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 350,000 | 378,997 |
Berkshire Hathaway Finance Corp. | ||
3.00%, 05/15/22 | 350,000 | 367,146 |
1.85%, 03/12/30 (a) | 100,000 | 103,286 |
5.75%, 01/15/40 | 100,000 | 153,708 |
4.40%, 05/15/42 | 350,000 | 459,328 |
4.30%, 05/15/43 | 300,000 | 390,844 |
4.20%, 08/15/48 (a) | 950,000 | 1,208,196 |
4.25%, 01/15/49 (a) | 600,000 | 772,209 |
Berkshire Hathaway, Inc. | ||
3.00%, 02/11/23 | 250,000 | 266,729 |
2.75%, 03/15/23 (a) | 700,000 | 741,597 |
3.13%, 03/15/26 (a) | 1,495,000 | 1,673,249 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 480,000 | 489,883 |
5.63%, 05/15/30 (a) | 300,000 | 334,810 |
4.70%, 06/22/47 (a) | 485,000 | 442,422 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 295,000 | 321,423 |
4.50%, 03/15/29 (a) | 50,000 | 54,120 |
Chubb Corp. | ||
6.00%, 05/11/37 | 250,000 | 365,319 |
6.50%, 05/15/38 | 260,000 | 400,191 |
Chubb INA Holdings, Inc. | ||
2.88%, 11/03/22 (a) | 400,000 | 420,536 |
2.70%, 03/13/23 | 250,000 | 264,246 |
3.15%, 03/15/25 | 400,000 | 443,096 |
3.35%, 05/03/26 (a) | 500,000 | 569,430 |
4.35%, 11/03/45 (a) | 600,000 | 783,246 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 350,000 | 461,783 |
6.13%, 11/01/34 | 50,000 | 70,075 |
CNA Financial Corp. | ||
5.75%, 08/15/21 | 250,000 | 263,850 |
4.50%, 03/01/26 (a) | 350,000 | 396,651 |
3.45%, 08/15/27 (a) | 150,000 | 161,668 |
3.90%, 05/01/29 (a) | 25,000 | 27,479 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 320,000 | 346,970 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 250,000 | 264,039 |
Equitable Holdings, Inc. | ||
3.90%, 04/20/23 (a) | 250,000 | 267,655 |
4.35%, 04/20/28 (a) | 550,000 | 620,023 |
5.00%, 04/20/48 (a) | 500,000 | 572,162 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 115,000 | 135,068 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 250,000 | 269,560 |
4.63%, 04/29/30 (a)(d) | 250,000 | 269,873 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 150,000 | 170,584 |
3.40%, 06/15/30 (a) | 200,000 | 209,293 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 200,000 | 219,100 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 270,000 | 313,242 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 150,000 | 162,793 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 20,000 | 21,248 |
5.95%, 10/15/36 | 300,000 | 405,771 |
6.10%, 10/01/41 | 150,000 | 208,784 |
4.40%, 03/15/48 (a) | 150,000 | 181,332 |
3.60%, 08/19/49 (a) | 250,000 | 266,690 |
Humana, Inc. | ||
3.85%, 10/01/24 (a) | 600,000 | 658,227 |
4.50%, 04/01/25 (a) | 200,000 | 228,081 |
3.95%, 03/15/27 (a) | 100,000 | 113,723 |
3.13%, 08/15/29 (a) | 200,000 | 216,991 |
4.88%, 04/01/30 (a) | 200,000 | 247,520 |
4.63%, 12/01/42 (a) | 100,000 | 123,079 |
4.95%, 10/01/44 (a) | 250,000 | 328,329 |
4.80%, 03/15/47 (a) | 150,000 | 195,206 |
3.95%, 08/15/49 (a) | 150,000 | 177,296 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 100,000 | 107,984 |
Lincoln National Corp. | ||
3.35%, 03/09/25 | 168,000 | 182,754 |
3.63%, 12/12/26 (a) | 104,000 | 114,854 |
3.80%, 03/01/28 (a) | 600,000 | 665,796 |
3.05%, 01/15/30 (a) | 50,000 | 53,024 |
3.40%, 01/15/31 (a) | 250,000 | 271,660 |
6.30%, 10/09/37 | 150,000 | 200,078 |
7.00%, 06/15/40 | 150,000 | 213,056 |
4.35%, 03/01/48 (a) | 150,000 | 169,766 |
Loews Corp. | ||
2.63%, 05/15/23 (a) | 150,000 | 158,768 |
3.75%, 04/01/26 (a) | 250,000 | 282,279 |
3.20%, 05/15/30 (a) | 250,000 | 272,706 |
6.00%, 02/01/35 | 100,000 | 137,170 |
4.13%, 05/15/43 (a) | 100,000 | 109,102 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 350,000 | 413,639 |
2.48%, 05/19/27 (a) | 250,000 | 262,944 |
4.06%, 02/24/32 (a)(b) | 250,000 | 265,091 |
5.38%, 03/04/46 | 200,000 | 266,626 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 500,000 | 536,797 |
3.35%, 09/17/29 (a) | 100,000 | 106,866 |
5.00%, 04/05/46 | 75,000 | 92,729 |
4.30%, 11/01/47 (a) | 50,000 | 56,685 |
5.00%, 05/20/49 (a) | 200,000 | 249,010 |
Marsh & McLennan Cos., Inc. | ||
4.80%, 07/15/21 (a) | 200,000 | 207,083 |
3.88%, 03/15/24 (a) | 350,000 | 388,262 |
3.50%, 06/03/24 (a) | 500,000 | 548,700 |
3.75%, 03/14/26 (a) | 250,000 | 284,188 |
4.38%, 03/15/29 (a) | 500,000 | 602,122 |
2.25%, 11/15/30 (a) | 275,000 | 286,542 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.75%, 03/15/39 (a) | 250,000 | 322,480 |
4.35%, 01/30/47 (a) | 300,000 | 378,016 |
4.20%, 03/01/48 (a) | 100,000 | 123,989 |
4.90%, 03/15/49 (a) | 500,000 | 680,135 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 106,153 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 1,215,000 | 1,349,980 |
3.00%, 03/01/25 | 100,000 | 110,621 |
3.60%, 11/13/25 (a) | 150,000 | 170,735 |
4.55%, 03/23/30 (a) | 300,000 | 374,683 |
5.70%, 06/15/35 | 600,000 | 869,853 |
6.40%, 12/15/36 (a) | 700,000 | 837,154 |
10.75%, 08/01/39 (a)(b) | 100,000 | 155,764 |
5.88%, 02/06/41 | 250,000 | 354,876 |
4.13%, 08/13/42 | 250,000 | 295,078 |
4.88%, 11/13/43 | 100,000 | 130,273 |
4.05%, 03/01/45 | 150,000 | 177,366 |
4.60%, 05/13/46 (a) | 650,000 | 835,666 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/37 (b) | 65,000 | 74,515 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 250,000 | 267,619 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 160,000 | 175,729 |
Principal Financial Group, Inc. | ||
3.13%, 05/15/23 | 250,000 | 265,990 |
3.10%, 11/15/26 (a) | 150,000 | 163,923 |
3.70%, 05/15/29 (a) | 150,000 | 171,617 |
2.13%, 06/15/30 (a) | 250,000 | 252,150 |
4.63%, 09/15/42 | 200,000 | 248,200 |
4.35%, 05/15/43 | 250,000 | 300,308 |
4.30%, 11/15/46 (a) | 50,000 | 61,280 |
Progressive Corp. | ||
3.20%, 03/26/30 (a) | 150,000 | 170,601 |
Prudential Financial, Inc. | ||
4.50%, 11/16/21 | 150,000 | 158,301 |
3.88%, 03/27/28 (a) | 350,000 | 401,054 |
2.10%, 03/10/30 (a) | 250,000 | 255,451 |
5.75%, 07/15/33 | 100,000 | 132,744 |
5.70%, 12/14/36 | 90,000 | 124,106 |
6.63%, 12/01/37 | 300,000 | 444,978 |
3.00%, 03/10/40 (a) | 200,000 | 206,868 |
5.88%, 09/15/42 (a)(b) | 550,000 | 585,651 |
5.63%, 06/15/43 (a)(b) | 600,000 | 638,730 |
5.20%, 03/15/44 (a)(b) | 100,000 | 102,586 |
4.60%, 05/15/44 | 300,000 | 363,924 |
5.38%, 05/15/45 (a)(b) | 300,000 | 316,255 |
3.91%, 12/07/47 (a) | 350,000 | 402,008 |
4.42%, 03/27/48 (a) | 250,000 | 299,410 |
5.70%, 09/15/48 (a)(b) | 200,000 | 224,235 |
3.94%, 12/07/49 (a) | 350,000 | 400,529 |
4.35%, 02/25/50 (a) | 250,000 | 300,385 |
3.70%, 03/13/51 (a) | 450,000 | 497,335 |
Prudential PLC | ||
3.13%, 04/14/30 | 350,000 | 376,409 |
Reinsurance Group of America, Inc. | ||
4.70%, 09/15/23 | 365,000 | 403,719 |
3.90%, 05/15/29 (a) | 200,000 | 217,583 |
3.15%, 06/15/30 (a) | 250,000 | 259,729 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 300,000 | 329,119 |
The Progressive Corp. | ||
4.00%, 03/01/29 (a) | 560,000 | 672,193 |
6.25%, 12/01/32 | 110,000 | 159,055 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.35%, 04/25/44 | 150,000 | 191,018 |
3.70%, 01/26/45 | 150,000 | 177,065 |
4.13%, 04/15/47 (a) | 250,000 | 318,767 |
4.20%, 03/15/48 (a) | 300,000 | 389,374 |
3.95%, 03/26/50 (a) | 200,000 | 254,655 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 171,000 | 255,884 |
Travelers Cos., Inc. | ||
6.25%, 06/15/37 | 500,000 | 749,167 |
4.60%, 08/01/43 | 200,000 | 262,209 |
4.30%, 08/25/45 (a) | 50,000 | 63,973 |
3.75%, 05/15/46 (a) | 200,000 | 237,073 |
4.00%, 05/30/47 (a) | 150,000 | 184,879 |
4.10%, 03/04/49 (a) | 300,000 | 378,427 |
2.55%, 04/27/50 (a) | 350,000 | 347,237 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 300,000 | 444,129 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 110,000 | 126,031 |
UnitedHealth Group, Inc. | ||
2.88%, 12/15/21 | 150,000 | 155,493 |
2.88%, 03/15/22 (a) | 500,000 | 517,522 |
3.35%, 07/15/22 | 500,000 | 529,187 |
2.38%, 10/15/22 | 380,000 | 396,420 |
2.75%, 02/15/23 (a) | 250,000 | 263,800 |
2.88%, 03/15/23 | 400,000 | 424,830 |
3.50%, 06/15/23 | 382,000 | 414,646 |
3.50%, 02/15/24 | 300,000 | 330,208 |
2.38%, 08/15/24 | 450,000 | 479,434 |
3.75%, 07/15/25 | 750,000 | 856,455 |
3.70%, 12/15/25 | 100,000 | 114,786 |
1.25%, 01/15/26 (a) | 100,000 | 101,828 |
3.10%, 03/15/26 | 250,000 | 279,095 |
3.85%, 06/15/28 | 350,000 | 415,396 |
3.88%, 12/15/28 | 350,000 | 418,451 |
2.88%, 08/15/29 | 300,000 | 335,743 |
2.00%, 05/15/30 (a) | 500,000 | 524,395 |
4.63%, 07/15/35 | 500,000 | 655,322 |
5.80%, 03/15/36 | 200,000 | 286,070 |
6.63%, 11/15/37 | 350,000 | 543,606 |
6.88%, 02/15/38 | 750,000 | 1,182,915 |
3.50%, 08/15/39 (a) | 400,000 | 467,222 |
2.75%, 05/15/40 (a) | 500,000 | 536,870 |
5.70%, 10/15/40 (a) | 100,000 | 147,047 |
5.95%, 02/15/41 (a) | 150,000 | 222,419 |
4.63%, 11/15/41 (a) | 73,000 | 95,590 |
4.75%, 07/15/45 | 650,000 | 872,189 |
4.20%, 01/15/47 (a) | 400,000 | 506,060 |
4.25%, 04/15/47 (a) | 250,000 | 318,461 |
3.75%, 10/15/47 (a) | 200,000 | 240,675 |
4.25%, 06/15/48 (a) | 500,000 | 642,452 |
4.45%, 12/15/48 (a) | 350,000 | 463,857 |
3.70%, 08/15/49 (a) | 400,000 | 476,260 |
2.90%, 05/15/50 (a) | 400,000 | 423,678 |
3.88%, 08/15/59 (a) | 400,000 | 491,170 |
3.13%, 05/15/60 (a) | 400,000 | 429,532 |
Unum Group | ||
4.00%, 03/15/24 | 100,000 | 107,270 |
4.50%, 03/15/25 (a) | 100,000 | 107,712 |
4.00%, 06/15/29 (a) | 400,000 | 415,002 |
5.75%, 08/15/42 | 100,000 | 108,824 |
4.50%, 12/15/49 (a) | 150,000 | 139,978 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 750,000 | 833,122 |
4.80%, 06/15/46 | 125,000 | 148,879 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
W R Berkley Corp. | ||
4.00%, 05/12/50 (a) | 100,000 | 110,611 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 400,000 | 433,476 |
4.50%, 09/15/28 (a) | 300,000 | 350,964 |
2.95%, 09/15/29 (a) | 200,000 | 212,498 |
5.05%, 09/15/48 (a) | 150,000 | 194,814 |
3.88%, 09/15/49 (a) | 100,000 | 110,930 |
WR Berkley Corp. | ||
4.63%, 03/15/22 | 150,000 | 159,206 |
XLIT Ltd. | ||
5.25%, 12/15/43 | 250,000 | 343,092 |
5.50%, 03/31/45 | 100,000 | 133,804 |
97,292,546 | ||
REITs 0.7% | ||
Alexandria Real Estate Equities, Inc. | ||
3.90%, 06/15/23 (a) | 250,000 | 271,339 |
4.00%, 01/15/24 (a) | 200,000 | 221,423 |
4.30%, 01/15/26 (a) | 250,000 | 288,131 |
3.80%, 04/15/26 (a) | 150,000 | 169,120 |
3.95%, 01/15/28 (a) | 250,000 | 284,576 |
2.75%, 12/15/29 (a) | 50,000 | 53,376 |
4.70%, 07/01/30 (a) | 250,000 | 306,785 |
4.90%, 12/15/30 (a) | 250,000 | 313,857 |
3.38%, 08/15/31 (a) | 230,000 | 258,699 |
4.85%, 04/15/49 (a) | 150,000 | 198,002 |
4.00%, 02/01/50 (a) | 150,000 | 183,102 |
American Campus Communities Operating Partnership LP | ||
3.75%, 04/15/23 (a) | 250,000 | 257,430 |
3.30%, 07/15/26 (a) | 250,000 | 255,951 |
2.85%, 02/01/30 (a) | 200,000 | 193,354 |
3.88%, 01/30/31 (a) | 125,000 | 131,304 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 190,000 | 204,865 |
4.90%, 02/15/29 (a) | 100,000 | 112,704 |
AvalonBay Communities, Inc. | ||
3.50%, 11/15/24 (a) | 700,000 | 771,351 |
3.45%, 06/01/25 (a) | 150,000 | 167,354 |
3.35%, 05/15/27 (a) | 250,000 | 278,547 |
3.20%, 01/15/28 (a) | 250,000 | 277,946 |
3.30%, 06/01/29 (a) | 150,000 | 169,316 |
2.30%, 03/01/30 (a) | 250,000 | 263,682 |
4.35%, 04/15/48 (a) | 150,000 | 197,381 |
Boston Properties LP | ||
3.85%, 02/01/23 (a) | 1,000,000 | 1,069,420 |
3.13%, 09/01/23 (a) | 500,000 | 529,715 |
3.80%, 02/01/24 (a) | 100,000 | 109,085 |
3.65%, 02/01/26 (a) | 200,000 | 222,180 |
2.75%, 10/01/26 (a) | 150,000 | 161,129 |
4.50%, 12/01/28 (a) | 250,000 | 299,951 |
3.40%, 06/21/29 (a) | 350,000 | 386,510 |
2.90%, 03/15/30 (a) | 200,000 | 209,618 |
3.25%, 01/30/31 (a) | 283,000 | 305,852 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 200,000 | 208,763 |
3.95%, 11/15/27 (a) | 100,000 | 102,608 |
4.55%, 10/01/29 (a) | 150,000 | 157,823 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 250,000 | 258,700 |
3.90%, 03/15/27 (a) | 200,000 | 205,678 |
4.13%, 05/15/29 (a) | 500,000 | 519,395 |
4.05%, 07/01/30 (a) | 250,000 | 256,001 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 150,000 | 176,799 |
3.15%, 07/01/29 (a) | 366,000 | 407,122 |
2.80%, 05/15/30 (a) | 250,000 | 271,086 |
3.35%, 11/01/49 (a) | 100,000 | 108,103 |
Columbia Property Trust Operating Partnership LP | ||
3.65%, 08/15/26 (a) | 200,000 | 209,406 |
Corporate Office Properties LP | ||
3.60%, 05/15/23 (a) | 150,000 | 154,547 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 250,000 | 278,424 |
4.38%, 02/15/29 (a) | 118,000 | 137,709 |
3.00%, 02/15/30 (a) | 150,000 | 159,536 |
CyrusOne LP/CyrusOne Finance Corp. | ||
2.90%, 11/15/24 (a) | 200,000 | 210,449 |
3.45%, 11/15/29 (a) | 200,000 | 208,283 |
Digital Realty Trust LP | ||
2.75%, 02/01/23 (a) | 200,000 | 209,652 |
3.70%, 08/15/27 (a) | 370,000 | 422,536 |
4.45%, 07/15/28 (a) | 300,000 | 359,221 |
3.60%, 07/01/29 (a) | 300,000 | 343,438 |
Duke Realty LP | ||
3.75%, 12/01/24 (a) | 550,000 | 610,175 |
2.88%, 11/15/29 (a) | 150,000 | 163,683 |
1.75%, 07/01/30 (a) | 250,000 | 248,383 |
3.05%, 03/01/50 (a) | 100,000 | 105,599 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 250,000 | 238,871 |
4.50%, 06/01/27 (a) | 350,000 | 324,641 |
4.95%, 04/15/28 (a) | 100,000 | 97,261 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 250,000 | 274,804 |
2.85%, 11/01/26 (a) | 650,000 | 711,275 |
3.25%, 08/01/27 (a) | 250,000 | 278,034 |
3.50%, 03/01/28 (a) | 200,000 | 226,644 |
4.15%, 12/01/28 (a) | 50,000 | 59,245 |
3.00%, 07/01/29 (a) | 200,000 | 221,111 |
4.50%, 07/01/44 (a) | 150,000 | 197,349 |
4.50%, 06/01/45 (a) | 250,000 | 330,027 |
Essex Portfolio LP | ||
3.25%, 05/01/23 (a) | 150,000 | 158,306 |
3.88%, 05/01/24 (a) | 200,000 | 217,660 |
3.50%, 04/01/25 (a) | 300,000 | 331,714 |
3.63%, 05/01/27 (a) | 150,000 | 167,137 |
4.00%, 03/01/29 (a) | 150,000 | 174,550 |
3.00%, 01/15/30 (a) | 150,000 | 163,863 |
2.65%, 03/15/32 (a) | 200,000 | 212,237 |
4.50%, 03/15/48 (a) | 114,000 | 144,329 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 200,000 | 213,326 |
3.25%, 07/15/27 (a) | 200,000 | 210,813 |
3.20%, 06/15/29 (a) | 100,000 | 104,112 |
4.50%, 12/01/44 (a) | 200,000 | 227,880 |
Healthcare Realty Trust, Inc. | ||
2.40%, 03/15/30 (a) | 150,000 | 144,057 |
Healthcare Trust of America Holdings LP | ||
3.75%, 07/01/27 (a) | 650,000 | 688,005 |
Healthpeak Properties, Inc. | ||
4.25%, 11/15/23 (a) | 23,000 | 25,183 |
4.20%, 03/01/24 (a) | 200,000 | 218,183 |
3.40%, 02/01/25 (a) | 250,000 | 272,312 |
3.25%, 07/15/26 (a) | 300,000 | 328,006 |
3.50%, 07/15/29 (a) | 250,000 | 273,141 |
3.00%, 01/15/30 (a) | 250,000 | 262,235 |
6.75%, 02/01/41 (a) | 250,000 | 353,812 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 400,000 | 433,828 |
3.05%, 02/15/30 (a) | 150,000 | 149,891 |
Host Hotels & Resorts LP | ||
4.75%, 03/01/23 (a) | 250,000 | 259,235 |
3.75%, 10/15/23 (a) | 250,000 | 255,137 |
3.88%, 04/01/24 (a) | 200,000 | 205,316 |
3.38%, 12/15/29 (a) | 300,000 | 287,083 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 150,000 | 156,281 |
4.65%, 04/01/29 (a) | 250,000 | 270,570 |
3.25%, 01/15/30 (a) | 150,000 | 145,418 |
Kilroy Realty LP | ||
3.80%, 01/15/23 (a) | 250,000 | 259,294 |
4.38%, 10/01/25 (a) | 350,000 | 377,223 |
4.25%, 08/15/29 (a) | 200,000 | 218,723 |
3.05%, 02/15/30 (a) | 200,000 | 200,388 |
Kimco Realty Corp. | ||
3.40%, 11/01/22 (a) | 600,000 | 628,509 |
2.80%, 10/01/26 (a) | 550,000 | 563,500 |
4.25%, 04/01/45 (a) | 150,000 | 149,393 |
4.45%, 09/01/47 (a) | 150,000 | 155,114 |
3.70%, 10/01/49 (a) | 150,000 | 140,358 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 350,000 | 381,579 |
4.00%, 06/15/29 (a) | 150,000 | 164,828 |
Mid-America Apartments LP | ||
3.75%, 06/15/24 (a) | 250,000 | 270,975 |
4.00%, 11/15/25 (a) | 150,000 | 168,617 |
3.60%, 06/01/27 (a) | 60,000 | 66,799 |
4.20%, 06/15/28 (a) | 350,000 | 405,314 |
2.75%, 03/15/30 (a) | 100,000 | 105,988 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 100,000 | 106,548 |
3.60%, 12/15/26 (a) | 250,000 | 265,557 |
3.50%, 10/15/27 (a) | 125,000 | 131,462 |
4.30%, 10/15/28 (a) | 200,000 | 218,363 |
2.50%, 04/15/30 (a) | 100,000 | 95,868 |
4.80%, 10/15/48 (a) | 150,000 | 167,497 |
Office Properties Income Trust | ||
4.00%, 07/15/22 (a) | 175,000 | 173,891 |
4.25%, 05/15/24 (a) | 250,000 | 244,204 |
4.50%, 02/01/25 (a) | 67,000 | 65,476 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24 (a) | 850,000 | 899,177 |
4.50%, 01/15/25 (a) | 50,000 | 51,589 |
5.25%, 01/15/26 (a) | 100,000 | 107,851 |
4.75%, 01/15/28 (a) | 93,000 | 99,421 |
3.63%, 10/01/29 (a) | 150,000 | 148,388 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 250,000 | 262,096 |
Prologis LP | ||
4.25%, 08/15/23 (a) | 350,000 | 387,903 |
3.75%, 11/01/25 (a) | 466,000 | 535,683 |
3.25%, 10/01/26 (a) | 150,000 | 168,220 |
4.38%, 02/01/29 (a) | 25,000 | 30,753 |
2.25%, 04/15/30 (a) | 250,000 | 263,407 |
3.00%, 04/15/50 (a) | 400,000 | 423,954 |
Public Storage | ||
3.09%, 09/15/27 (a) | 250,000 | 281,096 |
3.39%, 05/01/29 (a) | 150,000 | 173,688 |
Realty Income Corp. | ||
3.88%, 07/15/24 (a) | 650,000 | 710,716 |
3.00%, 01/15/27 (a) | 500,000 | 531,430 |
3.65%, 01/15/28 (a) | 500,000 | 550,187 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.25%, 01/15/31 (a) | 250,000 | 272,379 |
4.65%, 03/15/47 (a) | 100,000 | 125,243 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 250,000 | 265,966 |
4.13%, 03/15/28 (a) | 200,000 | 219,048 |
2.95%, 09/15/29 (a) | 150,000 | 152,777 |
4.40%, 02/01/47 (a) | 100,000 | 111,272 |
4.65%, 03/15/49 (a) | 50,000 | 57,155 |
Sabra Health Care LP | ||
4.80%, 06/01/24 (a) | 150,000 | 150,713 |
3.90%, 10/15/29 (a) | 200,000 | 184,068 |
Simon Property Group LP | ||
2.35%, 01/30/22 (a) | 300,000 | 305,853 |
2.75%, 02/01/23 (a) | 500,000 | 519,345 |
2.75%, 06/01/23 (a) | 500,000 | 520,950 |
3.75%, 02/01/24 (a) | 250,000 | 269,181 |
2.00%, 09/13/24 (a) | 125,000 | 127,956 |
3.38%, 10/01/24 (a) | 100,000 | 107,670 |
3.30%, 01/15/26 (a) | 250,000 | 268,062 |
3.38%, 06/15/27 (a) | 750,000 | 802,372 |
2.45%, 09/13/29 (a) | 450,000 | 443,583 |
6.75%, 02/01/40 (a) | 420,000 | 601,457 |
4.75%, 03/15/42 (a) | 250,000 | 288,957 |
4.25%, 10/01/44 (a) | 150,000 | 161,291 |
4.25%, 11/30/46 (a) | 100,000 | 108,776 |
3.25%, 09/13/49 (a) | 400,000 | 368,234 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 150,000 | 151,557 |
4.25%, 02/01/26 (a) | 200,000 | 200,869 |
4.70%, 06/01/27 (a) | 204,000 | 210,076 |
SL Green Operating Partnership LP | ||
3.25%, 10/15/22 (a) | 250,000 | 250,500 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 60,000 | 62,282 |
3.20%, 01/15/27 (a) | 200,000 | 191,974 |
3.40%, 01/15/30 (a) | 250,000 | 236,323 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 85,000 | 86,352 |
4.63%, 03/15/29 (a) | 150,000 | 155,678 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 100,000 | 92,871 |
3.88%, 07/15/27 (a) | 150,000 | 140,441 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 150,000 | 160,884 |
3.50%, 01/15/28 (a) | 145,000 | 159,359 |
4.40%, 01/26/29 (a) | 150,000 | 175,659 |
3.00%, 08/15/31 (a) | 600,000 | 641,919 |
Ventas Realty LP | ||
3.25%, 08/15/22 (a) | 250,000 | 256,882 |
3.13%, 06/15/23 (a) | 150,000 | 154,064 |
3.50%, 04/15/24 (a) | 150,000 | 157,427 |
3.75%, 05/01/24 (a) | 150,000 | 156,904 |
2.65%, 01/15/25 (a) | 300,000 | 304,173 |
3.25%, 10/15/26 (a) | 200,000 | 205,730 |
4.00%, 03/01/28 (a) | 650,000 | 690,875 |
4.40%, 01/15/29 (a) | 150,000 | 164,786 |
4.75%, 11/15/30 (a) | 200,000 | 225,958 |
5.70%, 09/30/43 (a) | 250,000 | 283,670 |
4.88%, 04/15/49 (a) | 250,000 | 273,406 |
VEREIT Operating Partnership LP | ||
4.60%, 02/06/24 (a) | 200,000 | 214,834 |
4.63%, 11/01/25 (a) | 150,000 | 162,260 |
3.95%, 08/15/27 (a) | 550,000 | 572,748 |
3.40%, 01/15/28 (a) | 250,000 | 252,088 |
3.10%, 12/15/29 (a) | 100,000 | 96,756 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 150,000 | 148,494 |
Welltower, Inc. | ||
3.75%, 03/15/23 (a) | 350,000 | 369,917 |
4.50%, 01/15/24 (a) | 400,000 | 438,202 |
3.63%, 03/15/24 (a) | 300,000 | 320,887 |
4.00%, 06/01/25 (a) | 200,000 | 221,418 |
4.13%, 03/15/29 (a) | 650,000 | 722,290 |
3.10%, 01/15/30 (a) | 150,000 | 155,618 |
2.75%, 01/15/31 (a) | 250,000 | 249,521 |
6.50%, 03/15/41 (a) | 300,000 | 386,433 |
4.95%, 09/01/48 (a) | 150,000 | 172,037 |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 85,000 | 91,419 |
4.00%, 02/01/25 (a) | 400,000 | 418,894 |
3.85%, 07/15/29 (a) | 100,000 | 104,146 |
54,300,972 | ||
656,101,824 | ||
Industrial 16.8% | ||
Basic Industry 0.8% | ||
Air Products and Chemicals, Inc. | ||
2.75%, 02/03/23 | 250,000 | 263,130 |
3.35%, 07/31/24 (a) | 20,000 | 21,922 |
1.50%, 10/15/25 (a) | 250,000 | 258,563 |
1.85%, 05/15/27 (a) | 250,000 | 262,754 |
2.05%, 05/15/30 (a) | 250,000 | 262,661 |
2.70%, 05/15/40 (a) | 200,000 | 210,902 |
2.80%, 05/15/50 (a) | 300,000 | 316,578 |
Airgas, Inc. | ||
3.65%, 07/15/24 (a) | 150,000 | 164,789 |
Albemarle Corp. | ||
4.15%, 12/01/24 (a) | 150,000 | 160,850 |
5.45%, 12/01/44 (a) | 100,000 | 104,170 |
Albemarle Wodgina Pty Ltd. | ||
3.45%, 11/15/29 (a)(d) | 100,000 | 96,677 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 550,000 | 740,338 |
5.75%, 05/01/43 | 50,000 | 70,557 |
Barrick PD Australia Finance Pty Ltd. | ||
5.95%, 10/15/39 | 500,000 | 677,305 |
BHP Billiton Finance USA Ltd. | ||
2.88%, 02/24/22 | 250,000 | 259,020 |
3.85%, 09/30/23 | 250,000 | 275,144 |
6.42%, 03/01/26 | 200,000 | 253,236 |
4.13%, 02/24/42 | 250,000 | 309,743 |
5.00%, 09/30/43 | 900,000 | 1,242,918 |
Cabot Corp. | ||
3.70%, 07/15/22 | 100,000 | 104,060 |
4.00%, 07/01/29 (a) | 150,000 | 155,981 |
Celanese US Holdings LLC | ||
4.63%, 11/15/22 | 250,000 | 265,991 |
3.50%, 05/08/24 (a) | 300,000 | 317,906 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24 (a) | 200,000 | 212,251 |
3.88%, 11/02/27 (a) | 200,000 | 205,492 |
Dow Chemical Co. | ||
3.15%, 05/15/24 (a) | 150,000 | 160,233 |
3.50%, 10/01/24 (a) | 250,000 | 269,245 |
4.55%, 11/30/25 (a) | 283,000 | 323,438 |
4.80%, 11/30/28 (a) | 50,000 | 59,850 |
7.38%, 11/01/29 | 450,000 | 637,834 |
4.25%, 10/01/34 (a) | 400,000 | 448,644 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.25%, 11/15/41 (a) | 200,000 | 240,898 |
4.38%, 11/15/42 (a) | 400,000 | 448,026 |
4.63%, 10/01/44 (a) | 250,000 | 290,163 |
5.55%, 11/30/48 (a) | 350,000 | 458,804 |
4.80%, 05/15/49 (a) | 250,000 | 298,491 |
DuPont de Nemours, Inc. | ||
2.17%, 05/01/23 | 750,000 | 764,906 |
4.21%, 11/15/23 (a) | 650,000 | 713,872 |
4.49%, 11/15/25 (a) | 625,000 | 718,003 |
4.73%, 11/15/28 (a) | 800,000 | 963,544 |
5.32%, 11/15/38 (a) | 700,000 | 887,617 |
5.42%, 11/15/48 (a) | 605,000 | 798,234 |
Eastman Chemical Co. | ||
3.60%, 08/15/22 (a) | 649,000 | 678,325 |
4.80%, 09/01/42 (a) | 250,000 | 292,351 |
4.65%, 10/15/44 (a) | 300,000 | 346,437 |
Ecolab, Inc. | ||
4.35%, 12/08/21 | 213,000 | 225,277 |
2.38%, 08/10/22 (a) | 300,000 | 311,760 |
2.70%, 11/01/26 (a) | 200,000 | 222,573 |
3.25%, 12/01/27 (a) | 800,000 | 906,236 |
3.95%, 12/01/47 (a) | 264,000 | 330,937 |
EI du Pont de Nemours and Co. | ||
1.70%, 07/15/25 (a) | 200,000 | 206,648 |
2.30%, 07/15/30 (a) | 150,000 | 156,075 |
Fibria Overseas Finance Ltd. | ||
5.25%, 05/12/24 | 200,000 | 214,930 |
5.50%, 01/17/27 | 300,000 | 324,462 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 150,000 | 162,848 |
3.45%, 10/01/29 (a) | 150,000 | 163,406 |
4.50%, 10/01/49 (a) | 150,000 | 177,011 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 250,000 | 311,086 |
7.75%, 11/15/29 | 250,000 | 373,046 |
Huntsman International LLC | ||
5.13%, 11/15/22 (a) | 150,000 | 158,781 |
4.50%, 05/01/29 (a) | 250,000 | 263,470 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 250,000 | 283,074 |
5.00%, 09/26/48 (a) | 400,000 | 462,606 |
International Paper Co. | ||
3.65%, 06/15/24 (a) | 300,000 | 330,961 |
3.00%, 02/15/27 (a) | 250,000 | 269,973 |
5.00%, 09/15/35 (a) | 100,000 | 122,370 |
7.30%, 11/15/39 | 100,000 | 141,358 |
6.00%, 11/15/41 (a) | 200,000 | 262,246 |
4.80%, 06/15/44 (a) | 500,000 | 592,220 |
5.15%, 05/15/46 (a) | 150,000 | 187,502 |
4.40%, 08/15/47 (a) | 300,000 | 353,769 |
4.35%, 08/15/48 (a) | 800,000 | 944,220 |
Kinross Gold Corp. | ||
5.95%, 03/15/24 (a) | 250,000 | 282,364 |
4.50%, 07/15/27 (a) | 250,000 | 273,668 |
Lubrizol Corp. | ||
6.50%, 10/01/34 | 96,000 | 150,540 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 350,000 | 381,531 |
5.25%, 07/15/43 | 250,000 | 302,821 |
4.88%, 03/15/44 (a) | 150,000 | 176,621 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 300,000 | 327,627 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
LYB International Finance III LLC | ||
3.38%, 05/01/30 (a) | 200,000 | 214,306 |
4.20%, 10/15/49 (a) | 300,000 | 324,235 |
4.20%, 05/01/50 (a) | 500,000 | 540,117 |
LyondellBasell Industries NV | ||
6.00%, 11/15/21 (a) | 250,000 | 264,438 |
5.75%, 04/15/24 (a) | 450,000 | 518,060 |
4.63%, 02/26/55 (a) | 400,000 | 450,046 |
Mosaic Co. | ||
3.25%, 11/15/22 (a) | 300,000 | 307,380 |
4.25%, 11/15/23 (a) | 100,000 | 105,425 |
4.05%, 11/15/27 (a) | 650,000 | 690,966 |
4.88%, 11/15/41 (a) | 150,000 | 148,126 |
5.63%, 11/15/43 (a) | 200,000 | 216,329 |
Newmont Corp. | ||
3.70%, 03/15/23 (a) | 86,000 | 89,400 |
2.80%, 10/01/29 (a) | 350,000 | 370,137 |
2.25%, 10/01/30 (a) | 400,000 | 405,608 |
5.88%, 04/01/35 | 350,000 | 488,171 |
6.25%, 10/01/39 | 150,000 | 214,232 |
4.88%, 03/15/42 (a) | 400,000 | 511,440 |
5.45%, 06/09/44 (a) | 150,000 | 201,790 |
Nucor Corp. | ||
4.13%, 09/15/22 (a) | 250,000 | 266,691 |
4.00%, 08/01/23 (a) | 200,000 | 217,595 |
3.95%, 05/01/28 (a) | 100,000 | 114,841 |
2.70%, 06/01/30 (a) | 250,000 | 262,700 |
6.40%, 12/01/37 | 250,000 | 347,175 |
5.20%, 08/01/43 (a) | 300,000 | 385,564 |
Nutrien Ltd. | ||
3.15%, 10/01/22 (a) | 150,000 | 156,761 |
3.63%, 03/15/24 (a) | 450,000 | 487,343 |
3.00%, 04/01/25 (a) | 100,000 | 106,934 |
4.20%, 04/01/29 (a) | 250,000 | 289,490 |
4.13%, 03/15/35 (a) | 800,000 | 900,052 |
5.88%, 12/01/36 | 100,000 | 121,773 |
5.63%, 12/01/40 | 50,000 | 61,357 |
6.13%, 01/15/41 (a) | 350,000 | 450,553 |
4.90%, 06/01/43 (a) | 100,000 | 118,665 |
5.25%, 01/15/45 (a) | 300,000 | 377,614 |
3.95%, 05/13/50 (a) | 300,000 | 337,107 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 500,000 | 545,235 |
3.40%, 12/15/27 (a) | 200,000 | 220,415 |
4.05%, 12/15/49 (a) | 150,000 | 179,030 |
PPG Industries, Inc. | ||
3.20%, 03/15/23 (a) | 200,000 | 212,037 |
2.40%, 08/15/24 (a) | 100,000 | 106,081 |
2.80%, 08/15/29 (a) | 200,000 | 212,732 |
2.55%, 06/15/30 (a) | 300,000 | 310,688 |
Praxair, Inc. | ||
2.65%, 02/05/25 (a) | 400,000 | 429,004 |
3.20%, 01/30/26 (a) | 900,000 | 1,005,300 |
3.55%, 11/07/42 (a) | 100,000 | 112,665 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 381,000 | 558,645 |
6.13%, 12/15/33 | 50,000 | 72,257 |
Rio Tinto Finance USA Ltd. | ||
3.75%, 06/15/25 (a) | 400,000 | 453,574 |
7.13%, 07/15/28 | 250,000 | 353,019 |
5.20%, 11/02/40 | 300,000 | 422,205 |
Rio Tinto Finance USA PLC | ||
4.75%, 03/22/42 (a) | 400,000 | 543,258 |
4.13%, 08/21/42 (a) | 100,000 | 126,538 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Rohm and Haas Co. | ||
7.85%, 07/15/29 | 450,000 | 639,713 |
RPM International, Inc. | ||
3.45%, 11/15/22 (a) | 100,000 | 103,166 |
3.75%, 03/15/27 (a) | 250,000 | 265,799 |
4.25%, 01/15/48 (a) | 250,000 | 253,654 |
Sherwin-Williams Co. | ||
4.20%, 01/15/22 (a) | 250,000 | 260,828 |
3.13%, 06/01/24 (a) | 250,000 | 269,444 |
3.45%, 08/01/25 (a) | 100,000 | 110,609 |
3.45%, 06/01/27 (a) | 450,000 | 504,385 |
2.95%, 08/15/29 (a) | 300,000 | 323,558 |
2.30%, 05/15/30 (a) | 200,000 | 204,211 |
4.55%, 08/01/45 (a) | 150,000 | 175,481 |
4.50%, 06/01/47 (a) | 400,000 | 487,060 |
3.80%, 08/15/49 (a) | 200,000 | 221,792 |
3.30%, 05/15/50 (a) | 150,000 | 153,442 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 150,000 | 163,019 |
7.50%, 07/27/35 | 350,000 | 489,771 |
6.75%, 04/16/40 | 400,000 | 544,232 |
5.25%, 11/08/42 | 600,000 | 713,541 |
5.88%, 04/23/45 | 295,000 | 377,863 |
Steel Dynamics, Inc. | ||
5.50%, 10/01/24 (a) | 250,000 | 256,875 |
2.80%, 12/15/24 (a) | 200,000 | 209,773 |
2.40%, 06/15/25 (a) | 200,000 | 205,863 |
4.13%, 09/15/25 (a) | 250,000 | 255,064 |
3.45%, 04/15/30 (a) | 200,000 | 211,112 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 500,000 | 542,177 |
5.00%, 01/15/30 (a) | 450,000 | 459,999 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a)(d) | 250,000 | 250,234 |
6.13%, 10/01/35 | 400,000 | 455,138 |
6.00%, 08/15/40 (a) | 150,000 | 158,891 |
6.25%, 07/15/41 (a) | 350,000 | 384,450 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 600,000 | 707,610 |
8.25%, 01/17/34 | 200,000 | 281,330 |
6.88%, 11/21/36 | 498,000 | 651,309 |
6.88%, 11/10/39 | 450,000 | 588,937 |
Vale S.A. | ||
5.63%, 09/11/42 | 250,000 | 289,395 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 200,000 | 211,153 |
3.38%, 06/15/30 (a) | 250,000 | 255,714 |
5.00%, 08/15/46 (a) | 200,000 | 212,011 |
4.38%, 11/15/47 (a) | 180,000 | 179,539 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 215,000 | 302,151 |
Weyerhaeuser Co. | ||
3.25%, 03/15/23 (a) | 150,000 | 157,616 |
4.63%, 09/15/23 | 350,000 | 390,642 |
8.50%, 01/15/25 | 200,000 | 256,938 |
6.95%, 10/01/27 | 200,000 | 253,670 |
4.00%, 11/15/29 (a) | 75,000 | 84,715 |
7.38%, 03/15/32 | 450,000 | 620,287 |
WRKCo, Inc. | ||
3.00%, 09/15/24 (a) | 250,000 | 265,465 |
3.75%, 03/15/25 (a) | 600,000 | 657,105 |
4.65%, 03/15/26 (a) | 150,000 | 174,212 |
3.90%, 06/01/28 (a) | 250,000 | 277,081 |
4.90%, 03/15/29 (a) | 250,000 | 298,544 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.20%, 06/01/32 (a) | 250,000 | 294,090 |
3.00%, 06/15/33 (a) | 250,000 | 260,828 |
61,612,460 | ||
Capital Goods 1.5% | ||
3M Co. | ||
3.00%, 09/14/21 (a) | 226,000 | 232,581 |
1.63%, 09/19/21 (a) | 250,000 | 253,439 |
2.75%, 03/01/22 (a) | 450,000 | 466,902 |
1.75%, 02/14/23 (a) | 200,000 | 206,607 |
2.25%, 03/15/23 (a) | 500,000 | 524,310 |
3.25%, 02/14/24 (a) | 250,000 | 272,614 |
2.00%, 02/14/25 (a) | 250,000 | 263,371 |
2.65%, 04/15/25 (a) | 400,000 | 433,494 |
2.25%, 09/19/26 (a) | 100,000 | 108,049 |
2.88%, 10/15/27 (a) | 300,000 | 333,049 |
3.38%, 03/01/29 (a) | 150,000 | 173,078 |
2.38%, 08/26/29 (a) | 350,000 | 378,430 |
3.05%, 04/15/30 (a) | 200,000 | 226,461 |
3.13%, 09/19/46 (a) | 200,000 | 216,385 |
3.63%, 10/15/47 (a) | 200,000 | 232,330 |
4.00%, 09/14/48 (a) | 550,000 | 684,659 |
3.25%, 08/26/49 (a) | 300,000 | 331,115 |
3.70%, 04/15/50 (a) | 250,000 | 298,235 |
ABB Finance USA, Inc. | ||
2.88%, 05/08/22 | 500,000 | 520,342 |
3.80%, 04/03/28 (a) | 250,000 | 294,963 |
4.38%, 05/08/42 | 300,000 | 381,715 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 110,000 | 117,048 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 500,000 | 521,922 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 80,000 | 87,143 |
4.50%, 05/15/28 (a) | 300,000 | 346,200 |
Avery Dennison Corp. | ||
2.65%, 04/30/30 (a) | 200,000 | 205,039 |
Bemis Co., Inc. | ||
4.50%, 10/15/21 (a) | 250,000 | 258,004 |
2.63%, 06/19/30 (a) | 250,000 | 256,691 |
BOC Aviation Ltd. | ||
3.00%, 05/23/22 (a) | 200,000 | 202,338 |
Boeing Co. | ||
2.30%, 08/01/21 | 200,000 | 201,562 |
2.13%, 03/01/22 (a) | 150,000 | 150,818 |
2.70%, 05/01/22 | 250,000 | 253,675 |
2.80%, 03/01/23 (a) | 150,000 | 152,955 |
4.51%, 05/01/23 (a) | 950,000 | 1,004,288 |
1.88%, 06/15/23 (a) | 100,000 | 99,435 |
2.80%, 03/01/24 (a) | 250,000 | 256,946 |
2.85%, 10/30/24 (a) | 100,000 | 102,043 |
4.88%, 05/01/25 (a) | 1,150,000 | 1,254,966 |
2.60%, 10/30/25 (a) | 300,000 | 299,231 |
3.10%, 05/01/26 (a) | 200,000 | 204,405 |
2.70%, 02/01/27 (a) | 300,000 | 292,902 |
2.80%, 03/01/27 (a) | 100,000 | 96,658 |
5.04%, 05/01/27 (a) | 700,000 | 772,740 |
3.45%, 11/01/28 (a) | 350,000 | 353,041 |
3.20%, 03/01/29 (a) | 350,000 | 347,415 |
2.95%, 02/01/30 (a) | 200,000 | 196,412 |
5.15%, 05/01/30 (a) | 1,500,000 | 1,673,107 |
6.13%, 02/15/33 | 350,000 | 418,946 |
3.60%, 05/01/34 (a) | 250,000 | 236,868 |
3.25%, 02/01/35 (a) | 250,000 | 227,460 |
3.55%, 03/01/38 (a) | 50,000 | 44,149 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.50%, 03/01/39 (a) | 150,000 | 133,669 |
6.88%, 03/15/39 | 200,000 | 248,975 |
5.88%, 02/15/40 | 350,000 | 408,761 |
5.71%, 05/01/40 (a) | 1,000,000 | 1,134,365 |
3.65%, 03/01/47 (a) | 550,000 | 485,394 |
3.63%, 03/01/48 (a) | 100,000 | 87,793 |
3.85%, 11/01/48 (a) | 150,000 | 135,449 |
3.90%, 05/01/49 (a) | 200,000 | 182,296 |
3.75%, 02/01/50 (a) | 375,000 | 339,274 |
5.81%, 05/01/50 (a) | 1,400,000 | 1,660,708 |
3.83%, 03/01/59 (a) | 150,000 | 129,386 |
3.95%, 08/01/59 (a) | 340,000 | 295,987 |
5.93%, 05/01/60 (a) | 1,100,000 | 1,301,129 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24 (a) | 400,000 | 433,774 |
2.75%, 03/01/30 (a) | 250,000 | 257,843 |
Carrier Global Corp. | ||
1.92%, 02/15/23 (a)(d) | 250,000 | 255,019 |
2.24%, 02/15/25 (a)(d) | 650,000 | 666,507 |
2.49%, 02/15/27 (a)(d) | 400,000 | 407,690 |
2.72%, 02/15/30 (a)(d) | 700,000 | 703,430 |
2.70%, 02/15/31 (a)(d) | 250,000 | 249,636 |
3.38%, 04/05/40 (a)(d) | 500,000 | 488,557 |
3.58%, 04/05/50 (a)(d) | 550,000 | 538,629 |
Caterpillar Financial Services Corp. | ||
1.70%, 08/09/21 | 350,000 | 354,921 |
3.15%, 09/07/21 | 1,000,000 | 1,032,690 |
2.95%, 02/26/22 | 150,000 | 156,371 |
2.85%, 06/01/22 | 113,000 | 117,952 |
2.55%, 11/29/22 | 1,250,000 | 1,315,925 |
3.45%, 05/15/23 | 65,000 | 70,496 |
2.85%, 05/17/24 | 150,000 | 161,882 |
3.30%, 06/09/24 | 250,000 | 274,284 |
2.15%, 11/08/24 | 400,000 | 423,992 |
3.25%, 12/01/24 | 100,000 | 110,593 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 950,000 | 1,044,354 |
2.60%, 04/09/30 (a) | 250,000 | 272,294 |
6.05%, 08/15/36 | 300,000 | 432,598 |
5.20%, 05/27/41 | 275,000 | 382,477 |
3.80%, 08/15/42 | 250,000 | 297,729 |
4.30%, 05/15/44 (a) | 125,000 | 158,526 |
3.25%, 09/19/49 (a) | 400,000 | 449,562 |
3.25%, 04/09/50 (a) | 500,000 | 559,287 |
4.75%, 05/15/64 (a) | 200,000 | 283,413 |
CNH Industrial Capital LLC | ||
4.20%, 01/15/24 | 540,000 | 579,342 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 200,000 | 215,181 |
3.85%, 11/15/27 (a) | 150,000 | 158,616 |
Crane Co. | ||
4.20%, 03/15/48 (a) | 150,000 | 147,359 |
Deere & Co. | ||
2.60%, 06/08/22 (a) | 450,000 | 467,732 |
2.75%, 04/15/25 (a) | 500,000 | 545,020 |
5.38%, 10/16/29 | 150,000 | 195,845 |
3.10%, 04/15/30 (a) | 300,000 | 340,678 |
7.13%, 03/03/31 | 150,000 | 218,352 |
3.90%, 06/09/42 (a) | 250,000 | 313,558 |
2.88%, 09/07/49 (a) | 200,000 | 213,982 |
3.75%, 04/15/50 (a) | 300,000 | 369,480 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 200,000 | 215,081 |
5.38%, 10/15/35 | 100,000 | 132,273 |
5.38%, 03/01/41 (a) | 200,000 | 254,798 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Eagle Materials, Inc. | ||
4.50%, 08/01/26 (a) | 300,000 | 309,537 |
Eaton Corp. | ||
2.75%, 11/02/22 | 800,000 | 846,860 |
4.00%, 11/02/32 | 200,000 | 237,167 |
4.15%, 11/02/42 | 350,000 | 414,507 |
Emerson Electric Co. | ||
2.63%, 12/01/21 (a) | 500,000 | 514,962 |
1.80%, 10/15/27 (a) | 200,000 | 206,807 |
1.95%, 10/15/30 (a) | 150,000 | 153,827 |
5.25%, 11/15/39 | 140,000 | 191,084 |
2.75%, 10/15/50 (a) | 300,000 | 302,328 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 400,000 | 439,412 |
4.30%, 06/15/46 (a) | 250,000 | 281,640 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23 (a) | 200,000 | 218,780 |
4.00%, 06/15/25 (a) | 250,000 | 278,804 |
3.25%, 09/15/29 (a) | 200,000 | 213,687 |
General Dynamics Corp. | ||
3.88%, 07/15/21 (a) | 150,000 | 154,395 |
2.25%, 11/15/22 (a) | 200,000 | 207,887 |
3.38%, 05/15/23 (a) | 750,000 | 809,321 |
1.88%, 08/15/23 (a) | 100,000 | 103,863 |
3.50%, 05/15/25 (a) | 250,000 | 280,496 |
2.13%, 08/15/26 (a) | 250,000 | 268,399 |
2.63%, 11/15/27 (a) | 150,000 | 162,979 |
3.75%, 05/15/28 (a) | 400,000 | 468,146 |
3.63%, 04/01/30 (a) | 500,000 | 585,747 |
4.25%, 04/01/40 (a) | 300,000 | 374,284 |
3.60%, 11/15/42 (a) | 150,000 | 174,315 |
4.25%, 04/01/50 (a) | 225,000 | 292,401 |
General Electric Co. | ||
3.15%, 09/07/22 | 400,000 | 418,388 |
2.70%, 10/09/22 | 500,000 | 520,737 |
3.10%, 01/09/23 | 600,000 | 628,566 |
3.45%, 05/15/24 (a) | 250,000 | 266,364 |
3.45%, 05/01/27 (a) | 300,000 | 307,293 |
3.63%, 05/01/30 (a) | 500,000 | 500,832 |
6.75%, 03/15/32 | 1,000,000 | 1,221,795 |
6.15%, 08/07/37 | 500,000 | 580,042 |
5.88%, 01/14/38 | 1,050,000 | 1,181,449 |
6.88%, 01/10/39 | 600,000 | 733,764 |
4.25%, 05/01/40 (a) | 500,000 | 491,752 |
4.13%, 10/09/42 | 322,000 | 306,937 |
4.50%, 03/11/44 | 250,000 | 249,419 |
4.35%, 05/01/50 (a) | 1,000,000 | 989,185 |
Hexcel Corp. | ||
3.95%, 02/15/27 (a) | 200,000 | 213,646 |
Honeywell International, Inc. | ||
1.85%, 11/01/21 (a) | 400,000 | 408,142 |
2.15%, 08/08/22 (a) | 450,000 | 465,754 |
3.35%, 12/01/23 | 100,000 | 109,291 |
2.30%, 08/15/24 (a) | 250,000 | 266,539 |
1.35%, 06/01/25 (a) | 400,000 | 410,352 |
2.50%, 11/01/26 (a) | 450,000 | 496,390 |
2.70%, 08/15/29 (a) | 250,000 | 276,751 |
1.95%, 06/01/30 (a) | 350,000 | 366,439 |
5.70%, 03/15/37 | 200,000 | 292,218 |
5.38%, 03/01/41 | 200,000 | 285,927 |
3.81%, 11/21/47 (a) | 50,000 | 61,648 |
2.80%, 06/01/50 (a) | 250,000 | 269,130 |
Howmet Aerospace, Inc. | ||
5.13%, 10/01/24 (a) | 600,000 | 622,089 |
5.90%, 02/01/27 | 500,000 | 534,060 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Hubbell, Inc. | ||
3.15%, 08/15/27 (a) | 100,000 | 104,837 |
3.50%, 02/15/28 (a) | 250,000 | 267,733 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 190,000 | 205,118 |
4.20%, 05/01/30 (a)(d) | 250,000 | 279,556 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 250,000 | 263,138 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 265,000 | 290,273 |
2.65%, 11/15/26 (a) | 600,000 | 662,631 |
4.88%, 09/15/41 (a) | 150,000 | 203,630 |
3.90%, 09/01/42 (a) | 350,000 | 430,479 |
Ingersoll-Rand Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 500,000 | 568,395 |
4.30%, 02/21/48 (a) | 400,000 | 462,486 |
John Deere Capital Corp. | ||
3.90%, 07/12/21 | 500,000 | 518,107 |
3.13%, 09/10/21 | 200,000 | 206,438 |
3.20%, 01/10/22 | 200,000 | 208,344 |
2.95%, 04/01/22 | 100,000 | 104,410 |
2.15%, 09/08/22 | 500,000 | 518,862 |
2.70%, 01/06/23 | 500,000 | 527,625 |
2.80%, 01/27/23 | 150,000 | 159,276 |
2.80%, 03/06/23 | 200,000 | 213,552 |
3.45%, 06/07/23 | 150,000 | 162,479 |
3.45%, 01/10/24 | 200,000 | 218,885 |
2.60%, 03/07/24 | 200,000 | 213,203 |
2.65%, 06/24/24 | 475,000 | 510,891 |
2.05%, 01/09/25 | 200,000 | 211,326 |
3.40%, 09/11/25 | 100,000 | 112,906 |
2.65%, 06/10/26 | 400,000 | 442,230 |
2.80%, 09/08/27 | 350,000 | 391,727 |
3.05%, 01/06/28 | 50,000 | 55,740 |
3.45%, 03/07/29 | 150,000 | 174,467 |
2.80%, 07/18/29 | 200,000 | 222,177 |
2.45%, 01/09/30 | 200,000 | 217,111 |
Johnson Controls International plc | ||
3.63%, 07/02/24 (a) | 250,000 | 267,120 |
3.90%, 02/14/26 (a) | 183,000 | 205,086 |
6.00%, 01/15/36 | 382,000 | 485,820 |
4.63%, 07/02/44 (a) | 200,000 | 231,877 |
5.13%, 09/14/45 (a) | 24,000 | 29,134 |
4.50%, 02/15/47 (a) | 50,000 | 57,284 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 100,000 | 106,506 |
L3Harris Technologies, Inc. | ||
3.83%, 04/27/25 (a) | 200,000 | 224,176 |
3.85%, 12/15/26 (a) | 400,000 | 460,530 |
4.40%, 06/15/28 (a) | 295,000 | 351,181 |
4.40%, 06/15/28 (a) | 500,000 | 595,145 |
2.90%, 12/15/29 (a) | 300,000 | 323,880 |
6.15%, 12/15/40 | 150,000 | 214,221 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 200,000 | 204,507 |
4.40%, 03/15/29 (a) | 326,000 | 349,187 |
Lockheed Martin Corp. | ||
3.35%, 09/15/21 | 139,000 | 143,969 |
3.10%, 01/15/23 (a) | 500,000 | 532,070 |
3.55%, 01/15/26 (a) | 850,000 | 975,604 |
1.85%, 06/15/30 (a) | 200,000 | 205,963 |
3.60%, 03/01/35 (a) | 100,000 | 120,591 |
5.72%, 06/01/40 | 315,000 | 459,175 |
4.07%, 12/15/42 | 500,000 | 637,912 |
3.80%, 03/01/45 (a) | 150,000 | 183,137 |
4.70%, 05/15/46 (a) | 250,000 | 342,752 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.80%, 06/15/50 (a) | 250,000 | 263,489 |
4.09%, 09/15/52 (a) | 925,000 | 1,213,743 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 200,000 | 218,549 |
3.45%, 06/01/27 (a) | 25,000 | 27,078 |
2.50%, 03/15/30 (a) | 300,000 | 302,460 |
4.25%, 12/15/47 (a) | 250,000 | 278,638 |
Masco Corp. | ||
5.95%, 03/15/22 | 100,000 | 107,850 |
4.45%, 04/01/25 (a) | 500,000 | 566,265 |
4.50%, 05/15/47 (a) | 100,000 | 106,193 |
Mohawk Industries, Inc. | ||
3.85%, 02/01/23 (a) | 200,000 | 211,775 |
3.63%, 05/15/30 (a) | 200,000 | 219,893 |
Northrop Grumman Corp. | ||
2.55%, 10/15/22 (a) | 500,000 | 521,847 |
3.25%, 08/01/23 | 250,000 | 269,274 |
2.93%, 01/15/25 (a) | 400,000 | 432,532 |
3.20%, 02/01/27 (a) | 500,000 | 553,580 |
3.25%, 01/15/28 (a) | 250,000 | 279,105 |
4.40%, 05/01/30 (a) | 300,000 | 364,476 |
5.05%, 11/15/40 | 150,000 | 197,852 |
4.75%, 06/01/43 | 750,000 | 976,462 |
3.85%, 04/15/45 (a) | 550,000 | 649,242 |
4.03%, 10/15/47 (a) | 550,000 | 663,751 |
5.25%, 05/01/50 (a) | 450,000 | 650,623 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 275,000 | 289,417 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 200,000 | 201,698 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a)(d) | 500,000 | 524,605 |
2.29%, 04/05/27 (a)(d) | 200,000 | 209,285 |
2.57%, 02/15/30 (a)(d) | 500,000 | 526,055 |
3.36%, 02/15/50 (a)(d) | 450,000 | 476,827 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 150,000 | 157,250 |
3.95%, 08/15/29 (a) | 200,000 | 219,135 |
3.88%, 06/01/30 (a) | 100,000 | 105,791 |
7.00%, 12/01/36 | 145,000 | 188,107 |
4.30%, 07/15/47 (a) | 200,000 | 203,737 |
4.40%, 01/30/48 (a) | 100,000 | 103,825 |
Parker-Hannifin Corp. | ||
3.50%, 09/15/22 | 250,000 | 264,219 |
2.70%, 06/14/24 (a) | 250,000 | 266,819 |
3.25%, 03/01/27 (a) | 100,000 | 108,845 |
3.25%, 06/14/29 (a) | 370,000 | 409,024 |
4.20%, 11/21/34 (a) | 250,000 | 302,011 |
4.45%, 11/21/44 (a) | 250,000 | 297,575 |
4.10%, 03/01/47 (a) | 150,000 | 173,004 |
4.00%, 06/14/49 (a) | 350,000 | 404,490 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 250,000 | 276,310 |
Precision Castparts Corp. | ||
2.50%, 01/15/23 (a) | 350,000 | 366,809 |
3.25%, 06/15/25 (a) | 200,000 | 222,223 |
3.90%, 01/15/43 (a) | 250,000 | 282,678 |
4.38%, 06/15/45 (a) | 139,000 | 168,082 |
Raytheon Technologies Corp. | ||
2.80%, 03/15/22 (a)(d) | 800,000 | 825,520 |
2.50%, 12/15/22 (a)(d) | 450,000 | 466,650 |
3.20%, 03/15/24 (a)(d) | 250,000 | 269,348 |
3.15%, 12/15/24 (a)(d) | 200,000 | 216,147 |
3.95%, 08/16/25 (a) | 650,000 | 741,513 |
3.13%, 05/04/27 (a) | 350,000 | 389,984 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.13%, 11/16/28 (a) | 900,000 | 1,061,118 |
7.50%, 09/15/29 | 250,000 | 365,751 |
2.25%, 07/01/30 (a) | 250,000 | 260,318 |
5.40%, 05/01/35 | 250,000 | 340,795 |
4.45%, 11/16/38 (a) | 250,000 | 306,419 |
4.88%, 10/15/40 (d) | 250,000 | 322,206 |
4.70%, 12/15/41 (d) | 200,000 | 252,871 |
4.80%, 12/15/43 (a)(d) | 90,000 | 115,526 |
4.35%, 04/15/47 (a)(d) | 500,000 | 609,792 |
3.13%, 07/01/50 (a) | 300,000 | 319,583 |
Republic Services, Inc. | ||
5.25%, 11/15/21 | 150,000 | 159,533 |
3.55%, 06/01/22 (a) | 300,000 | 314,952 |
2.50%, 08/15/24 (a) | 450,000 | 478,962 |
2.90%, 07/01/26 (a) | 550,000 | 602,467 |
3.38%, 11/15/27 (a) | 500,000 | 564,565 |
3.95%, 05/15/28 (a) | 75,000 | 88,140 |
2.30%, 03/01/30 (a) | 200,000 | 208,971 |
3.05%, 03/01/50 (a) | 150,000 | 156,089 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 100,000 | 113,037 |
4.20%, 03/01/49 (a) | 250,000 | 315,098 |
Roper Technologies, Inc. | ||
2.80%, 12/15/21 (a) | 250,000 | 257,273 |
3.13%, 11/15/22 (a) | 250,000 | 262,209 |
2.35%, 09/15/24 (a) | 150,000 | 159,206 |
3.85%, 12/15/25 (a) | 500,000 | 568,485 |
2.95%, 09/15/29 (a) | 350,000 | 382,336 |
2.00%, 06/30/30 (a) | 250,000 | 250,598 |
Snap-on, Inc. | ||
4.10%, 03/01/48 (a) | 200,000 | 239,182 |
3.10%, 05/01/50 (a) | 200,000 | 206,478 |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 400,000 | 419,630 |
5.75%, 11/01/40 (a) | 130,000 | 161,140 |
Stanley Black & Decker, Inc. | ||
2.90%, 11/01/22 | 250,000 | 263,938 |
4.25%, 11/15/28 (a) | 250,000 | 299,266 |
2.30%, 03/15/30 (a) | 350,000 | 365,596 |
5.20%, 09/01/40 | 59,000 | 78,282 |
4.85%, 11/15/48 (a) | 300,000 | 410,371 |
4.00%, 03/15/60 (a)(b) | 250,000 | 250,389 |
Textron, Inc. | ||
3.88%, 03/01/25 (a) | 250,000 | 269,036 |
4.00%, 03/15/26 (a) | 200,000 | 212,481 |
3.65%, 03/15/27 (a) | 150,000 | 156,574 |
3.90%, 09/17/29 (a) | 200,000 | 212,275 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 150,000 | 161,867 |
Trane Technologies Global Holding Co., Ltd. | ||
4.25%, 06/15/23 | 250,000 | 275,264 |
Trane Technologies Luxembourg Finance S.A. | ||
3.80%, 03/21/29 (a) | 350,000 | 397,148 |
United Technologies Corp. | ||
6.05%, 06/01/36 | 500,000 | 710,042 |
6.13%, 07/15/38 | 400,000 | 582,500 |
5.70%, 04/15/40 | 650,000 | 904,979 |
4.50%, 06/01/42 | 1,000,000 | 1,246,835 |
4.15%, 05/15/45 (a) | 250,000 | 300,943 |
3.75%, 11/01/46 (a) | 300,000 | 341,881 |
4.05%, 05/04/47 (a) | 450,000 | 539,064 |
4.63%, 11/16/48 (a) | 100,000 | 130,041 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 130,000 | 134,610 |
5.25%, 10/01/54 (a) | 100,000 | 102,323 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 200,000 | 220,464 |
3.50%, 06/01/30 (a) | 250,000 | 272,756 |
4.50%, 06/15/47 (a) | 250,000 | 283,364 |
4.70%, 03/01/48 (a) | 125,000 | 143,635 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 200,000 | 238,064 |
3.50%, 05/01/29 (a) | 209,000 | 236,478 |
2.60%, 02/01/30 (a) | 300,000 | 320,810 |
Waste Management, Inc. | ||
2.90%, 09/15/22 (a) | 450,000 | 470,713 |
2.40%, 05/15/23 (a) | 366,000 | 381,709 |
2.95%, 06/15/24 (a) | 250,000 | 256,006 |
3.20%, 06/15/26 (a) | 100,000 | 102,492 |
3.15%, 11/15/27 (a) | 300,000 | 336,951 |
3.45%, 06/15/29 (a) | 250,000 | 257,833 |
4.00%, 07/15/39 (a) | 250,000 | 260,454 |
4.10%, 03/01/45 (a) | 500,000 | 606,447 |
4.15%, 07/15/49 (a) | 250,000 | 313,865 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(e)(f) | 250,000 | 265,305 |
4.95%, 09/15/28 (a)(e)(f) | 500,000 | 557,757 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 200,000 | 209,310 |
4.60%, 06/15/45 (a) | 150,000 | 190,002 |
4.20%, 05/15/47 (a) | 500,000 | 594,387 |
Xylem, Inc. | ||
4.88%, 10/01/21 | 200,000 | 210,538 |
3.25%, 11/01/26 (a) | 285,000 | 312,155 |
1.95%, 01/30/28 (a) | 300,000 | 302,729 |
2.25%, 01/30/31 (a) | 250,000 | 251,539 |
4.38%, 11/01/46 (a) | 95,000 | 104,286 |
123,718,987 | ||
Communications 2.6% | ||
Activision Blizzard, Inc. | ||
2.30%, 09/15/21 (a) | 400,000 | 407,142 |
2.60%, 06/15/22 (a) | 100,000 | 103,787 |
3.40%, 09/15/26 (a) | 100,000 | 114,222 |
3.40%, 06/15/27 (a) | 250,000 | 279,160 |
4.50%, 06/15/47 (a) | 78,000 | 100,640 |
America Movil S.A.B. de C.V. | ||
3.13%, 07/16/22 | 700,000 | 725,168 |
3.63%, 04/22/29 (a) | 250,000 | 278,113 |
2.88%, 05/07/30 (a) | 200,000 | 211,495 |
6.13%, 03/30/40 | 950,000 | 1,364,775 |
4.38%, 07/16/42 | 500,000 | 610,797 |
4.38%, 04/22/49 (a) | 550,000 | 672,914 |
American Tower Corp. | ||
2.25%, 01/15/22 | 250,000 | 256,183 |
4.70%, 03/15/22 | 153,000 | 163,537 |
3.50%, 01/31/23 | 800,000 | 855,444 |
3.00%, 06/15/23 | 200,000 | 213,620 |
5.00%, 02/15/24 | 350,000 | 399,257 |
3.38%, 05/15/24 (a) | 250,000 | 271,866 |
2.95%, 01/15/25 (a) | 180,000 | 193,777 |
2.40%, 03/15/25 (a) | 250,000 | 262,990 |
4.00%, 06/01/25 (a) | 100,000 | 112,340 |
3.38%, 10/15/26 (a) | 250,000 | 277,474 |
2.75%, 01/15/27 (a) | 65,000 | 69,617 |
3.13%, 01/15/27 (a) | 100,000 | 109,017 |
3.55%, 07/15/27 (a) | 350,000 | 388,841 |
3.60%, 01/15/28 (a) | 300,000 | 333,684 |
3.95%, 03/15/29 (a) | 250,000 | 285,479 |
3.80%, 08/15/29 (a) | 750,000 | 851,186 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.90%, 01/15/30 (a) | 150,000 | 160,116 |
3.70%, 10/15/49 (a) | 200,000 | 219,060 |
AT&T, Inc. | ||
4.00%, 01/15/22 | 400,000 | 421,528 |
3.00%, 02/15/22 | 350,000 | 364,441 |
3.20%, 03/01/22 (a) | 750,000 | 782,445 |
3.80%, 03/15/22 | 250,000 | 263,725 |
3.40%, 06/15/22 | 100,000 | 105,318 |
3.00%, 06/30/22 (a) | 825,000 | 862,711 |
2.63%, 12/01/22 (a) | 250,000 | 260,541 |
3.60%, 02/17/23 (a) | 700,000 | 751,275 |
4.05%, 12/15/23 | 150,000 | 166,643 |
3.80%, 03/01/24 (a) | 200,000 | 220,163 |
3.90%, 03/11/24 (a) | 400,000 | 440,290 |
4.45%, 04/01/24 (a) | 350,000 | 392,429 |
3.55%, 06/01/24 (a) | 400,000 | 438,262 |
3.95%, 01/15/25 (a) | 350,000 | 390,553 |
3.40%, 05/15/25 (a) | 1,500,000 | 1,648,395 |
3.60%, 07/15/25 (a) | 250,000 | 277,646 |
3.88%, 01/15/26 (a) | 750,000 | 844,594 |
4.13%, 02/17/26 (a) | 250,000 | 284,744 |
2.95%, 07/15/26 (a) | 250,000 | 272,075 |
3.80%, 02/15/27 (a) | 350,000 | 393,685 |
4.25%, 03/01/27 (a) | 1,200,000 | 1,374,840 |
2.30%, 06/01/27 (a) | 700,000 | 725,725 |
4.10%, 02/15/28 (a) | 1,033,000 | 1,182,191 |
4.35%, 03/01/29 (a) | 550,000 | 641,322 |
4.30%, 02/15/30 (a) | 1,050,000 | 1,232,143 |
2.75%, 06/01/31 (a) | 1,200,000 | 1,251,810 |
6.15%, 09/15/34 | 200,000 | 273,152 |
4.50%, 05/15/35 (a) | 1,000,000 | 1,184,125 |
5.25%, 03/01/37 (a) | 950,000 | 1,191,200 |
4.90%, 08/15/37 (a) | 404,000 | 491,979 |
4.85%, 03/01/39 (a) | 740,000 | 895,803 |
6.35%, 03/15/40 | 450,000 | 627,689 |
6.10%, 07/15/40 | 250,000 | 332,443 |
6.00%, 08/15/40 (a) | 500,000 | 673,057 |
5.35%, 09/01/40 | 725,000 | 916,813 |
6.38%, 03/01/41 | 246,000 | 350,164 |
6.25%, 03/29/41 | 163,000 | 221,751 |
3.50%, 06/01/41 (a) | 700,000 | 735,007 |
5.38%, 10/15/41 | 150,000 | 188,502 |
5.15%, 03/15/42 | 725,000 | 907,243 |
4.90%, 06/15/42 | 150,000 | 180,325 |
4.30%, 12/15/42 (a) | 850,000 | 956,326 |
4.65%, 06/01/44 (a) | 250,000 | 288,846 |
4.80%, 06/15/44 (a) | 750,000 | 871,747 |
4.35%, 06/15/45 (a) | 1,100,000 | 1,235,410 |
4.85%, 07/15/45 (a) | 250,000 | 301,316 |
4.75%, 05/15/46 (a) | 1,150,000 | 1,361,663 |
5.15%, 11/15/46 (a) | 650,000 | 802,977 |
5.65%, 02/15/47 (a) | 500,000 | 663,680 |
5.45%, 03/01/47 (a) | 628,000 | 825,000 |
4.50%, 03/09/48 (a) | 1,400,000 | 1,633,653 |
4.55%, 03/09/49 (a) | 859,000 | 1,020,002 |
5.15%, 02/15/50 (a) | 650,000 | 832,133 |
3.65%, 06/01/51 (a) | 900,000 | 947,943 |
5.70%, 03/01/57 (a) | 350,000 | 488,040 |
5.30%, 08/15/58 (a) | 220,000 | 283,945 |
3.85%, 06/01/60 (a) | 400,000 | 428,414 |
Bell Canada, Inc. | ||
4.46%, 04/01/48 (a) | 550,000 | 691,454 |
British Telecommunications PLC | ||
4.50%, 12/04/23 (a) | 250,000 | 277,166 |
5.13%, 12/04/28 (a) | 1,250,000 | 1,548,044 |
9.63%, 12/15/30 (e)(f) | 100,000 | 163,910 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
CC Holdings GS V LLC/Crown Castle GS III Corp. | ||
3.85%, 04/15/23 | 500,000 | 540,127 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.46%, 07/23/22 (a) | 900,000 | 960,430 |
4.50%, 02/01/24 (a) | 450,000 | 498,121 |
4.91%, 07/23/25 (a) | 1,700,000 | 1,950,206 |
3.75%, 02/15/28 (a) | 425,000 | 463,953 |
4.20%, 03/15/28 (a) | 250,000 | 280,240 |
5.05%, 03/30/29 (a) | 500,000 | 591,302 |
2.80%, 04/01/31 (a) | 500,000 | 508,280 |
6.38%, 10/23/35 (a) | 700,000 | 923,366 |
5.38%, 04/01/38 (a) | 550,000 | 665,294 |
6.48%, 10/23/45 (a) | 1,050,000 | 1,394,248 |
5.38%, 05/01/47 (a) | 950,000 | 1,130,424 |
5.75%, 04/01/48 (a) | 600,000 | 746,211 |
5.13%, 07/01/49 (a) | 450,000 | 522,675 |
4.80%, 03/01/50 (a) | 800,000 | 905,372 |
3.70%, 04/01/51 (a) | 350,000 | 345,004 |
6.83%, 10/23/55 (a) | 400,000 | 549,398 |
Comcast Cable Communications Holdings, Inc. | ||
9.46%, 11/15/22 | 598,000 | 723,915 |
Comcast Corp. | ||
3.13%, 07/15/22 | 250,000 | 264,164 |
2.85%, 01/15/23 | 500,000 | 530,458 |
2.75%, 03/01/23 (a) | 800,000 | 844,896 |
3.00%, 02/01/24 (a) | 450,000 | 484,394 |
3.60%, 03/01/24 | 450,000 | 495,781 |
3.70%, 04/15/24 (a) | 950,000 | 1,052,875 |
3.38%, 02/15/25 (a) | 100,000 | 110,792 |
3.10%, 04/01/25 (a) | 250,000 | 275,313 |
3.38%, 08/15/25 (a) | 550,000 | 612,793 |
3.95%, 10/15/25 (a) | 950,000 | 1,088,667 |
3.15%, 03/01/26 (a) | 750,000 | 834,795 |
2.35%, 01/15/27 (a) | 550,000 | 588,258 |
3.30%, 02/01/27 (a) | 530,000 | 597,220 |
3.15%, 02/15/28 (a) | 750,000 | 836,524 |
3.55%, 05/01/28 (a) | 292,000 | 334,600 |
4.15%, 10/15/28 (a) | 1,000,000 | 1,200,270 |
2.65%, 02/01/30 (a) | 500,000 | 544,382 |
3.40%, 04/01/30 (a) | 500,000 | 572,817 |
4.25%, 10/15/30 (a) | 500,000 | 612,530 |
1.95%, 01/15/31 (a) | 950,000 | 969,138 |
4.25%, 01/15/33 | 650,000 | 802,305 |
7.05%, 03/15/33 | 250,000 | 387,675 |
5.65%, 06/15/35 | 100,000 | 142,866 |
4.40%, 08/15/35 (a) | 230,000 | 287,725 |
6.50%, 11/15/35 | 250,000 | 379,545 |
3.20%, 07/15/36 (a) | 250,000 | 279,099 |
6.95%, 08/15/37 | 400,000 | 631,844 |
3.90%, 03/01/38 (a) | 500,000 | 595,390 |
4.60%, 10/15/38 (a) | 1,000,000 | 1,272,805 |
3.25%, 11/01/39 (a) | 100,000 | 110,531 |
3.75%, 04/01/40 (a) | 450,000 | 529,337 |
4.65%, 07/15/42 | 150,000 | 195,212 |
4.75%, 03/01/44 | 500,000 | 662,207 |
4.60%, 08/15/45 (a) | 822,000 | 1,069,833 |
3.40%, 07/15/46 (a) | 250,000 | 278,613 |
4.00%, 08/15/47 (a) | 266,000 | 321,207 |
3.97%, 11/01/47 (a) | 1,098,000 | 1,313,389 |
4.00%, 03/01/48 (a) | 600,000 | 736,713 |
4.70%, 10/15/48 (a) | 1,250,000 | 1,680,537 |
4.00%, 11/01/49 (a) | 1,000,000 | 1,230,185 |
3.45%, 02/01/50 (a) | 500,000 | 568,792 |
2.80%, 01/15/51 (a) | 500,000 | 512,700 |
4.05%, 11/01/52 (a) | 500,000 | 620,365 |
4.95%, 10/15/58 (a) | 900,000 | 1,290,987 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Crown Castle International Corp. | ||
2.25%, 09/01/21 (a) | 145,000 | 147,458 |
4.88%, 04/15/22 | 550,000 | 590,342 |
5.25%, 01/15/23 | 400,000 | 444,966 |
3.20%, 09/01/24 (a) | 250,000 | 271,369 |
1.35%, 07/15/25 (a) | 100,000 | 100,730 |
4.45%, 02/15/26 (a) | 500,000 | 575,360 |
3.70%, 06/15/26 (a) | 250,000 | 279,936 |
4.00%, 03/01/27 (a) | 200,000 | 227,949 |
3.65%, 09/01/27 (a) | 300,000 | 334,574 |
3.80%, 02/15/28 (a) | 350,000 | 395,204 |
3.10%, 11/15/29 (a) | 200,000 | 215,651 |
3.30%, 07/01/30 (a) | 350,000 | 385,546 |
4.75%, 05/15/47 (a) | 450,000 | 557,802 |
3.25%, 01/15/51 (a) | 300,000 | 303,918 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (e)(f) | 1,200,000 | 1,882,536 |
9.25%, 06/01/32 | 100,000 | 165,996 |
Discovery Communications LLC | ||
2.95%, 03/20/23 (a) | 263,000 | 276,760 |
3.90%, 11/15/24 (a) | 400,000 | 437,092 |
3.45%, 03/15/25 (a) | 250,000 | 272,270 |
4.90%, 03/11/26 (a) | 100,000 | 115,201 |
3.95%, 03/20/28 (a) | 750,000 | 838,290 |
4.13%, 05/15/29 (a) | 250,000 | 284,918 |
3.63%, 05/15/30 (a) | 450,000 | 492,728 |
6.35%, 06/01/40 | 600,000 | 809,874 |
4.95%, 05/15/42 | 200,000 | 228,137 |
4.88%, 04/01/43 | 900,000 | 1,034,950 |
5.30%, 05/15/49 (a) | 100,000 | 120,628 |
4.65%, 05/15/50 (a) | 300,000 | 341,600 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 25,000 | 29,870 |
Fox Corp. | ||
3.67%, 01/25/22 | 500,000 | 523,445 |
4.03%, 01/25/24 (a) | 250,000 | 276,895 |
3.05%, 04/07/25 (a) | 150,000 | 162,380 |
4.71%, 01/25/29 (a) | 650,000 | 781,885 |
3.50%, 04/08/30 (a) | 300,000 | 335,064 |
5.48%, 01/25/39 (a) | 350,000 | 469,866 |
5.58%, 01/25/49 (a) | 500,000 | 697,862 |
Grupo Televisa S.A.B. | ||
6.63%, 03/18/25 | 300,000 | 353,714 |
6.63%, 01/15/40 | 500,000 | 648,265 |
6.13%, 01/31/46 (a) | 250,000 | 319,860 |
5.25%, 05/24/49 (a) | 200,000 | 231,480 |
Interpublic Group of Cos., Inc. | ||
3.75%, 10/01/21 | 200,000 | 207,365 |
3.75%, 02/15/23 | 500,000 | 529,780 |
4.20%, 04/15/24 | 150,000 | 164,147 |
4.75%, 03/30/30 (a) | 200,000 | 235,601 |
5.40%, 10/01/48 (a) | 150,000 | 164,957 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 190,000 | 276,843 |
Moody's Corp. | ||
2.75%, 12/15/21 (a) | 500,000 | 515,420 |
4.50%, 09/01/22 (a) | 276,000 | 296,290 |
4.88%, 02/15/24 (a) | 100,000 | 112,995 |
3.75%, 03/24/25 (a) | 250,000 | 283,531 |
3.25%, 01/15/28 (a) | 150,000 | 166,115 |
4.25%, 02/01/29 (a) | 200,000 | 238,345 |
5.25%, 07/15/44 | 100,000 | 139,840 |
4.88%, 12/17/48 (a) | 200,000 | 266,547 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
NBCUniversal Media LLC | ||
6.40%, 04/30/40 | 200,000 | 306,148 |
5.95%, 04/01/41 | 1,050,000 | 1,544,413 |
4.45%, 01/15/43 | 100,000 | 126,514 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 250,000 | 254,894 |
4.20%, 06/01/30 (a) | 200,000 | 232,960 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.63%, 05/01/22 | 350,000 | 369,402 |
3.65%, 11/01/24 (a) | 250,000 | 275,789 |
3.60%, 04/15/26 (a) | 500,000 | 559,240 |
Orange S.A. | ||
4.13%, 09/14/21 | 250,000 | 261,381 |
9.00%, 03/01/31 | 800,000 | 1,303,796 |
5.38%, 01/13/42 | 300,000 | 424,307 |
5.50%, 02/06/44 (a) | 250,000 | 367,725 |
RELX Capital, Inc. | ||
3.50%, 03/16/23 (a) | 250,000 | 266,709 |
4.00%, 03/18/29 (a) | 350,000 | 407,237 |
3.00%, 05/22/30 (a) | 250,000 | 270,433 |
Rogers Communications, Inc. | ||
3.00%, 03/15/23 (a) | 250,000 | 265,989 |
4.10%, 10/01/23 (a) | 250,000 | 278,763 |
3.63%, 12/15/25 (a) | 220,000 | 249,514 |
2.90%, 11/15/26 (a) | 100,000 | 110,295 |
4.50%, 03/15/43 (a) | 100,000 | 120,323 |
5.45%, 10/01/43 (a) | 250,000 | 338,923 |
5.00%, 03/15/44 (a) | 500,000 | 653,615 |
4.30%, 02/15/48 (a) | 200,000 | 244,323 |
4.35%, 05/01/49 (a) | 450,000 | 556,902 |
3.70%, 11/15/49 (a) | 400,000 | 449,924 |
S&P Global, Inc. | ||
4.00%, 06/15/25 (a) | 250,000 | 286,775 |
2.95%, 01/22/27 (a) | 400,000 | 441,390 |
2.50%, 12/01/29 (a) | 200,000 | 217,900 |
4.50%, 05/15/48 (a) | 200,000 | 260,090 |
3.25%, 12/01/49 (a) | 200,000 | 220,498 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a)(d) | 1,000,000 | 1,090,930 |
1.50%, 02/15/26 (a)(d) | 250,000 | 250,233 |
3.75%, 04/15/27 (a)(d) | 1,300,000 | 1,442,746 |
2.05%, 02/15/28 (a)(d) | 250,000 | 250,735 |
3.88%, 04/15/30 (a)(d) | 2,300,000 | 2,563,430 |
4.38%, 04/15/40 (a)(d) | 600,000 | 696,720 |
4.50%, 04/15/50 (a)(d) | 1,000,000 | 1,180,010 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 100,000 | 136,054 |
7.13%, 02/15/28 | 350,000 | 485,811 |
Telefonica Emisiones S.A. | ||
4.57%, 04/27/23 | 150,000 | 164,853 |
4.10%, 03/08/27 | 350,000 | 401,291 |
7.05%, 06/20/36 | 650,000 | 944,141 |
4.67%, 03/06/38 | 250,000 | 299,051 |
5.21%, 03/08/47 | 850,000 | 1,064,893 |
4.90%, 03/06/48 | 500,000 | 605,922 |
5.52%, 03/01/49 (a) | 400,000 | 523,864 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 450,000 | 691,715 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 200,000 | 211,995 |
3.70%, 09/15/27 (a) | 250,000 | 278,205 |
4.60%, 11/16/48 (a) | 150,000 | 183,758 |
4.30%, 06/15/49 (a) | 200,000 | 239,382 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Thomson Reuters Corp. | ||
4.30%, 11/23/23 (a) | 400,000 | 438,996 |
5.85%, 04/15/40 | 200,000 | 255,506 |
5.65%, 11/23/43 (a) | 150,000 | 199,972 |
Time Warner Cable LLC | ||
4.00%, 09/01/21 (a) | 450,000 | 462,287 |
6.55%, 05/01/37 | 300,000 | 393,981 |
7.30%, 07/01/38 | 550,000 | 757,287 |
6.75%, 06/15/39 | 400,000 | 533,458 |
5.88%, 11/15/40 (a) | 900,000 | 1,112,499 |
5.50%, 09/01/41 (a) | 350,000 | 423,955 |
4.50%, 09/15/42 (a) | 250,000 | 267,331 |
Time Warner Entertainment Co. LP | ||
8.38%, 03/15/23 | 77,000 | 91,176 |
8.38%, 07/15/33 | 350,000 | 525,341 |
TWDC Enterprises 18 Corp. | ||
2.75%, 08/16/21 | 500,000 | 512,585 |
2.35%, 12/01/22 | 700,000 | 730,201 |
3.15%, 09/17/25 | 200,000 | 221,614 |
3.00%, 02/13/26 | 600,000 | 667,197 |
1.85%, 07/30/26 | 300,000 | 310,430 |
7.00%, 03/01/32 | 250,000 | 376,180 |
4.13%, 12/01/41 | 400,000 | 478,630 |
4.13%, 06/01/44 | 200,000 | 242,463 |
3.00%, 07/30/46 | 200,000 | 204,793 |
Verizon Communications, Inc. | ||
2.95%, 03/15/22 | 250,000 | 260,765 |
2.45%, 11/01/22 (a) | 300,000 | 312,503 |
5.15%, 09/15/23 | 1,250,000 | 1,426,369 |
4.15%, 03/15/24 (a) | 250,000 | 278,640 |
3.50%, 11/01/24 (a) | 708,000 | 783,554 |
3.38%, 02/15/25 | 900,000 | 1,002,483 |
2.63%, 08/15/26 | 650,000 | 707,873 |
4.13%, 03/16/27 | 1,050,000 | 1,236,007 |
3.00%, 03/22/27 (a) | 250,000 | 277,469 |
4.33%, 09/21/28 | 1,450,000 | 1,751,948 |
3.88%, 02/08/29 (a) | 350,000 | 412,963 |
4.02%, 12/03/29 (a) | 1,457,000 | 1,744,189 |
3.15%, 03/22/30 (a) | 500,000 | 563,770 |
7.75%, 12/01/30 | 250,000 | 377,459 |
4.50%, 08/10/33 | 950,000 | 1,194,098 |
4.40%, 11/01/34 (a) | 800,000 | 995,104 |
4.27%, 01/15/36 | 950,000 | 1,175,568 |
5.25%, 03/16/37 | 938,000 | 1,280,600 |
4.81%, 03/15/39 | 566,000 | 741,367 |
4.75%, 11/01/41 | 450,000 | 599,906 |
3.85%, 11/01/42 (a) | 356,000 | 428,357 |
6.55%, 09/15/43 | 316,000 | 507,536 |
4.13%, 08/15/46 | 500,000 | 623,252 |
4.86%, 08/21/46 | 1,250,000 | 1,700,500 |
5.50%, 03/16/47 | 450,000 | 668,581 |
4.52%, 09/15/48 | 1,250,000 | 1,657,875 |
5.01%, 04/15/49 | 650,000 | 913,955 |
4.00%, 03/22/50 (a) | 350,000 | 447,421 |
5.01%, 08/21/54 | 500,000 | 735,977 |
4.67%, 03/15/55 | 700,000 | 959,304 |
ViacomCBS, Inc. | ||
3.38%, 03/01/22 (a) | 500,000 | 517,368 |
4.25%, 09/01/23 (a) | 200,000 | 217,607 |
3.88%, 04/01/24 (a) | 248,000 | 268,150 |
3.50%, 01/15/25 (a) | 200,000 | 218,228 |
4.75%, 05/15/25 (a) | 500,000 | 571,997 |
2.90%, 01/15/27 (a) | 400,000 | 420,136 |
3.38%, 02/15/28 (a) | 800,000 | 853,576 |
3.70%, 06/01/28 (a) | 150,000 | 163,443 |
4.20%, 06/01/29 (a) | 289,000 | 327,025 |
4.95%, 01/15/31 (a) | 250,000 | 294,318 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.20%, 05/19/32 (a) | 300,000 | 335,375 |
5.50%, 05/15/33 | 300,000 | 353,711 |
6.88%, 04/30/36 | 400,000 | 541,788 |
4.85%, 07/01/42 (a) | 150,000 | 159,833 |
4.38%, 03/15/43 | 400,000 | 414,360 |
5.85%, 09/01/43 (a) | 650,000 | 771,521 |
4.90%, 08/15/44 (a) | 400,000 | 437,648 |
4.60%, 01/15/45 (a) | 250,000 | 269,075 |
4.95%, 05/19/50 (a) | 200,000 | 223,186 |
Vodafone Group PLC | ||
2.95%, 02/19/23 | 350,000 | 369,397 |
3.75%, 01/16/24 | 800,000 | 877,016 |
4.13%, 05/30/25 | 500,000 | 567,370 |
4.38%, 05/30/28 | 1,000,000 | 1,190,555 |
7.88%, 02/15/30 | 250,000 | 363,831 |
6.25%, 11/30/32 | 100,000 | 138,754 |
6.15%, 02/27/37 | 530,000 | 744,957 |
5.00%, 05/30/38 | 350,000 | 440,206 |
4.38%, 02/19/43 | 400,000 | 470,112 |
5.25%, 05/30/48 | 1,050,000 | 1,369,331 |
4.88%, 06/19/49 | 700,000 | 891,499 |
4.25%, 09/17/50 | 500,000 | 585,912 |
5.13%, 06/19/59 | 150,000 | 198,230 |
Walt Disney Co. | ||
1.65%, 09/01/22 | 250,000 | 255,946 |
3.00%, 09/15/22 | 100,000 | 105,761 |
1.75%, 08/30/24 (a) | 250,000 | 259,220 |
3.70%, 09/15/24 (a) | 250,000 | 278,225 |
3.35%, 03/24/25 | 500,000 | 555,180 |
3.70%, 10/15/25 (a) | 600,000 | 677,937 |
1.75%, 01/13/26 | 500,000 | 514,890 |
3.70%, 03/23/27 | 200,000 | 230,063 |
2.20%, 01/13/28 | 350,000 | 366,216 |
2.00%, 09/01/29 (a) | 375,000 | 383,484 |
3.80%, 03/22/30 | 200,000 | 235,681 |
2.65%, 01/13/31 | 800,000 | 851,376 |
6.20%, 12/15/34 | 675,000 | 986,033 |
6.40%, 12/15/35 | 450,000 | 677,691 |
6.15%, 03/01/37 | 200,000 | 285,914 |
6.65%, 11/15/37 | 500,000 | 748,222 |
4.63%, 03/23/40 (a) | 250,000 | 313,711 |
3.50%, 05/13/40 (a) | 550,000 | 603,812 |
6.15%, 02/15/41 | 150,000 | 217,760 |
4.75%, 09/15/44 (a) | 190,000 | 239,743 |
4.95%, 10/15/45 (a) | 385,000 | 500,737 |
4.75%, 11/15/46 (a) | 200,000 | 255,199 |
2.75%, 09/01/49 (a) | 600,000 | 583,110 |
4.70%, 03/23/50 (a) | 650,000 | 848,978 |
3.60%, 01/13/51 (a) | 850,000 | 946,743 |
3.80%, 05/13/60 (a) | 350,000 | 406,093 |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 250,000 | 258,685 |
3.38%, 07/08/30 (a)(g) | 300,000 | 298,011 |
Wells Fargo & Co. | ||
1.65%, 06/02/24 (a)(b) | 500,000 | 508,063 |
3.07%, 04/30/41 (a)(b) | 1,000,000 | 1,046,450 |
Westinghouse Air Brake Technologies Corp. | ||
3.20%, 06/15/25 (a) | 200,000 | 204,053 |
WPP Finance 2010 | ||
3.63%, 09/07/22 | 100,000 | 104,313 |
3.75%, 09/19/24 | 300,000 | 324,606 |
205,061,966 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Consumer Cyclical 1.9% | ||
Advance Auto Parts, Inc. | ||
4.50%, 12/01/23 (a) | 250,000 | 273,078 |
3.90%, 04/15/30 (a)(d) | 200,000 | 214,205 |
Alibaba Group Holding Ltd. | ||
3.13%, 11/28/21 (a) | 250,000 | 256,203 |
2.80%, 06/06/23 (a) | 200,000 | 209,029 |
3.60%, 11/28/24 (a) | 900,000 | 980,712 |
3.40%, 12/06/27 (a) | 750,000 | 830,535 |
4.50%, 11/28/34 (a) | 300,000 | 369,031 |
4.00%, 12/06/37 (a) | 550,000 | 636,072 |
4.20%, 12/06/47 (a) | 200,000 | 246,276 |
4.40%, 12/06/57 (a) | 500,000 | 647,230 |
Amazon.com, Inc. | ||
3.30%, 12/05/21 (a) | 600,000 | 623,337 |
2.50%, 11/29/22 (a) | 500,000 | 523,517 |
2.40%, 02/22/23 (a) | 1,000,000 | 1,051,080 |
2.80%, 08/22/24 (a) | 700,000 | 761,614 |
0.80%, 06/03/25 (a) | 150,000 | 151,176 |
5.20%, 12/03/25 (a) | 100,000 | 122,534 |
3.15%, 08/22/27 (a) | 600,000 | 686,745 |
4.80%, 12/05/34 (a) | 550,000 | 751,932 |
3.88%, 08/22/37 (a) | 450,000 | 553,651 |
4.95%, 12/05/44 (a) | 600,000 | 851,874 |
4.05%, 08/22/47 (a) | 1,100,000 | 1,433,767 |
4.25%, 08/22/57 (a) | 900,000 | 1,204,911 |
2.70%, 06/03/60 (a) | 300,000 | 308,508 |
American Honda Finance Corp. | ||
1.70%, 09/09/21 | 250,000 | 253,434 |
2.60%, 11/16/22 | 1,000,000 | 1,042,730 |
2.05%, 01/10/23 | 50,000 | 51,840 |
1.95%, 05/10/23 | 400,000 | 413,022 |
3.55%, 01/12/24 | 400,000 | 435,674 |
2.90%, 02/16/24 | 500,000 | 533,097 |
2.40%, 06/27/24 | 500,000 | 526,567 |
2.15%, 09/10/24 | 100,000 | 104,897 |
2.30%, 09/09/26 | 300,000 | 319,840 |
3.50%, 02/15/28 | 100,000 | 114,479 |
Aptiv Corp. | ||
4.15%, 03/15/24 (a) | 390,000 | 421,822 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 150,000 | 163,185 |
4.40%, 10/01/46 (a) | 150,000 | 144,943 |
5.40%, 03/15/49 (a) | 100,000 | 104,993 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 250,000 | 281,290 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 103,330 |
3.80%, 11/15/27 (a) | 300,000 | 311,272 |
4.75%, 06/01/30 (a) | 250,000 | 271,769 |
AutoZone, Inc. | ||
3.70%, 04/15/22 (a) | 250,000 | 261,694 |
3.25%, 04/15/25 (a) | 650,000 | 712,494 |
3.75%, 06/01/27 (a) | 200,000 | 224,516 |
3.75%, 04/18/29 (a) | 200,000 | 226,846 |
4.00%, 04/15/30 (a) | 250,000 | 290,768 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 200,000 | 232,268 |
Block Financial LLC | ||
5.50%, 11/01/22 (a) | 95,000 | 101,271 |
5.25%, 10/01/25 (a) | 250,000 | 271,851 |
Booking Holdings, Inc. | ||
2.75%, 03/15/23 (a) | 170,000 | 178,688 |
4.10%, 04/13/25 (a) | 500,000 | 561,867 |
3.60%, 06/01/26 (a) | 395,000 | 435,219 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.50%, 04/13/27 (a) | 250,000 | 287,546 |
3.55%, 03/15/28 (a) | 250,000 | 274,734 |
4.63%, 04/13/30 (a) | 500,000 | 590,092 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 250,000 | 256,685 |
4.38%, 03/15/45 (a) | 320,000 | 330,211 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 200,000 | 200,249 |
Costco Wholesale Corp. | ||
2.30%, 05/18/22 (a) | 750,000 | 777,266 |
2.75%, 05/18/24 (a) | 50,000 | 54,225 |
3.00%, 05/18/27 (a) | 650,000 | 733,054 |
1.60%, 04/20/30 (a) | 400,000 | 405,928 |
1.75%, 04/20/32 (a) | 600,000 | 609,693 |
Cummins, Inc. | ||
3.65%, 10/01/23 (a) | 100,000 | 109,250 |
4.88%, 10/01/43 (a) | 150,000 | 199,945 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 500,000 | 763,222 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 155,000 | 159,730 |
4.55%, 02/15/48 (a) | 100,000 | 95,585 |
Dollar General Corp. | ||
3.25%, 04/15/23 (a) | 250,000 | 266,971 |
4.15%, 11/01/25 (a) | 89,000 | 102,871 |
3.88%, 04/15/27 (a) | 200,000 | 230,054 |
4.13%, 05/01/28 (a) | 250,000 | 294,928 |
3.50%, 04/03/30 (a) | 300,000 | 337,890 |
4.13%, 04/03/50 (a) | 200,000 | 240,146 |
Dollar Tree, Inc. | ||
3.70%, 05/15/23 (a) | 600,000 | 643,170 |
4.20%, 05/15/28 (a) | 400,000 | 465,336 |
DR Horton, Inc. | ||
4.38%, 09/15/22 (a) | 100,000 | 106,150 |
4.75%, 02/15/23 (a) | 90,000 | 97,255 |
5.75%, 08/15/23 (a) | 100,000 | 112,457 |
2.50%, 10/15/24 (a) | 200,000 | 209,545 |
2.60%, 10/15/25 (a) | 210,000 | 221,129 |
eBay, Inc. | ||
3.80%, 03/09/22 (a) | 500,000 | 525,317 |
2.60%, 07/15/22 (a) | 150,000 | 154,974 |
2.75%, 01/30/23 (a) | 400,000 | 419,132 |
3.60%, 06/05/27 (a) | 500,000 | 565,265 |
2.70%, 03/11/30 (a) | 200,000 | 212,040 |
4.00%, 07/15/42 (a) | 200,000 | 218,699 |
Expedia Group, Inc. | ||
4.50%, 08/15/24 (a) | 100,000 | 103,838 |
5.00%, 02/15/26 (a) | 100,000 | 103,351 |
3.80%, 02/15/28 (a) | 200,000 | 193,090 |
3.25%, 02/15/30 (a) | 700,000 | 653,754 |
General Motors Co. | ||
4.88%, 10/02/23 | 1,100,000 | 1,171,203 |
4.00%, 04/01/25 | 400,000 | 416,558 |
6.13%, 10/01/25 (a) | 750,000 | 844,001 |
4.20%, 10/01/27 (a) | 250,000 | 255,726 |
5.00%, 10/01/28 (a) | 250,000 | 268,713 |
5.00%, 04/01/35 | 500,000 | 497,640 |
6.60%, 04/01/36 (a) | 450,000 | 485,687 |
5.15%, 04/01/38 (a) | 550,000 | 535,617 |
6.25%, 10/02/43 | 600,000 | 636,282 |
5.20%, 04/01/45 | 300,000 | 290,844 |
6.75%, 04/01/46 (a) | 200,000 | 218,611 |
5.40%, 04/01/48 (a) | 100,000 | 100,436 |
5.95%, 04/01/49 (a) | 350,000 | 365,412 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
General Motors Financial Co., Inc. | ||
3.20%, 07/06/21 (a) | 1,250,000 | 1,264,919 |
4.38%, 09/25/21 | 900,000 | 925,074 |
3.45%, 01/14/22 (a) | 750,000 | 763,031 |
3.45%, 04/10/22 (a) | 100,000 | 101,992 |
3.15%, 06/30/22 (a) | 500,000 | 508,490 |
3.55%, 07/08/22 | 400,000 | 410,312 |
3.25%, 01/05/23 (a) | 440,000 | 449,321 |
5.20%, 03/20/23 | 500,000 | 535,005 |
3.70%, 05/09/23 (a) | 100,000 | 103,051 |
4.15%, 06/19/23 (a) | 100,000 | 104,434 |
5.10%, 01/17/24 (a) | 400,000 | 428,810 |
3.95%, 04/13/24 (a) | 250,000 | 258,535 |
3.50%, 11/07/24 (a) | 250,000 | 254,879 |
4.00%, 01/15/25 (a) | 250,000 | 259,923 |
4.35%, 04/09/25 (a) | 61,000 | 64,345 |
2.75%, 06/20/25 (a) | 250,000 | 247,120 |
5.25%, 03/01/26 (a) | 375,000 | 409,320 |
4.00%, 10/06/26 (a) | 100,000 | 103,716 |
4.35%, 01/17/27 (a) | 500,000 | 520,617 |
3.85%, 01/05/28 (a) | 550,000 | 548,416 |
5.65%, 01/17/29 (a) | 150,000 | 169,892 |
3.60%, 06/21/30 (a) | 250,000 | 243,534 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.38%, 11/01/23 (a) | 300,000 | 320,767 |
3.35%, 09/01/24 (a) | 250,000 | 251,815 |
5.25%, 06/01/25 (a) | 300,000 | 326,499 |
5.75%, 06/01/28 (a) | 350,000 | 388,673 |
5.30%, 01/15/29 (a) | 200,000 | 216,842 |
4.00%, 01/15/30 (a) | 250,000 | 248,181 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 106,027 |
4.63%, 07/28/45 (a) | 150,000 | 160,466 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 150,000 | 162,871 |
Home Depot, Inc. | ||
2.63%, 06/01/22 (a) | 850,000 | 887,187 |
2.70%, 04/01/23 (a) | 600,000 | 633,990 |
3.75%, 02/15/24 (a) | 500,000 | 552,745 |
3.00%, 04/01/26 (a) | 400,000 | 448,426 |
2.13%, 09/15/26 (a) | 250,000 | 269,523 |
2.50%, 04/15/27 (a) | 200,000 | 219,203 |
3.90%, 12/06/28 (a) | 500,000 | 600,167 |
2.95%, 06/15/29 (a) | 650,000 | 730,795 |
2.70%, 04/15/30 (a) | 250,000 | 275,263 |
5.88%, 12/16/36 | 1,700,000 | 2,521,049 |
3.30%, 04/15/40 (a) | 300,000 | 340,609 |
5.40%, 09/15/40 (a) | 191,000 | 272,973 |
5.95%, 04/01/41 (a) | 500,000 | 754,382 |
4.20%, 04/01/43 (a) | 250,000 | 309,912 |
4.88%, 02/15/44 (a) | 1,050,000 | 1,433,066 |
4.40%, 03/15/45 (a) | 150,000 | 192,011 |
3.90%, 06/15/47 (a) | 100,000 | 122,004 |
4.50%, 12/06/48 (a) | 350,000 | 469,969 |
3.13%, 12/15/49 (a) | 450,000 | 494,649 |
3.35%, 04/15/50 (a) | 500,000 | 577,625 |
3.50%, 09/15/56 (a) | 297,000 | 345,950 |
Hyatt Hotels Corp. | ||
3.38%, 07/15/23 (a) | 150,000 | 151,268 |
5.38%, 04/23/25 (a) | 250,000 | 264,521 |
4.85%, 03/15/26 (a) | 150,000 | 158,554 |
4.38%, 09/15/28 (a) | 100,000 | 102,087 |
IHS Markit Ltd. | ||
3.63%, 05/01/24 (a) | 120,000 | 128,713 |
4.75%, 08/01/28 (a) | 350,000 | 410,907 |
4.25%, 05/01/29 (a) | 450,000 | 517,522 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 220,365 |
3.38%, 01/14/30 (a) | 200,000 | 213,772 |
4.13%, 01/14/50 | 200,000 | 213,685 |
Kohl's Corp. | ||
3.25%, 02/01/23 (a) | 250,000 | 244,549 |
9.50%, 05/15/25 (a) | 200,000 | 228,697 |
4.25%, 07/17/25 (a) | 200,000 | 195,408 |
5.55%, 07/17/45 (a) | 100,000 | 88,974 |
Las Vegas Sands Corp. | ||
3.20%, 08/08/24 (a) | 540,000 | 537,435 |
2.90%, 06/25/25 (a) | 200,000 | 194,401 |
3.50%, 08/18/26 (a) | 350,000 | 349,576 |
3.90%, 08/08/29 (a) | 200,000 | 197,630 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 250,000 | 253,911 |
4.25%, 05/15/29 (a) | 150,000 | 155,999 |
5.25%, 05/15/49 (a) | 350,000 | 357,304 |
Lowe's Cos., Inc. | ||
3.12%, 04/15/22 (a) | 500,000 | 520,240 |
4.00%, 04/15/25 (a) | 200,000 | 228,247 |
3.38%, 09/15/25 (a) | 700,000 | 784,966 |
2.50%, 04/15/26 (a) | 50,000 | 54,154 |
3.10%, 05/03/27 (a) | 460,000 | 512,116 |
6.50%, 03/15/29 | 401,000 | 538,902 |
3.65%, 04/05/29 (a) | 472,000 | 541,757 |
4.50%, 04/15/30 (a) | 400,000 | 490,962 |
5.00%, 04/15/40 (a) | 350,000 | 455,635 |
4.65%, 04/15/42 (a) | 150,000 | 187,735 |
4.25%, 09/15/44 (a) | 100,000 | 117,772 |
4.38%, 09/15/45 (a) | 250,000 | 299,524 |
3.70%, 04/15/46 (a) | 250,000 | 281,536 |
4.05%, 05/03/47 (a) | 800,000 | 943,292 |
4.55%, 04/05/49 (a) | 400,000 | 507,362 |
5.13%, 04/15/50 (a) | 400,000 | 552,282 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 250,000 | 275,803 |
4.15%, 10/01/25 (a) | 250,000 | 280,875 |
2.45%, 06/15/30 (a) | 250,000 | 256,044 |
Marriott International, Inc. | ||
3.13%, 10/15/21 (a) | 200,000 | 200,409 |
2.30%, 01/15/22 (a) | 350,000 | 347,828 |
3.60%, 04/15/24 (a) | 200,000 | 201,122 |
3.75%, 03/15/25 (a) | 1,000,000 | 1,009,095 |
3.75%, 10/01/25 (a) | 200,000 | 199,316 |
3.13%, 06/15/26 (a) | 300,000 | 295,136 |
4.65%, 12/01/28 (a) | 150,000 | 155,011 |
4.63%, 06/15/30 (a) | 150,000 | 155,969 |
Mastercard, Inc. | ||
2.00%, 11/21/21 (a) | 150,000 | 153,302 |
3.38%, 04/01/24 | 250,000 | 276,621 |
2.00%, 03/03/25 (a) | 200,000 | 211,960 |
2.95%, 11/21/26 (a) | 500,000 | 562,207 |
3.30%, 03/26/27 (a) | 500,000 | 567,857 |
2.95%, 06/01/29 (a) | 350,000 | 393,423 |
3.35%, 03/26/30 (a) | 500,000 | 579,965 |
3.80%, 11/21/46 (a) | 200,000 | 244,746 |
3.95%, 02/26/48 (a) | 100,000 | 125,491 |
3.65%, 06/01/49 (a) | 200,000 | 240,951 |
3.85%, 03/26/50 (a) | 500,000 | 624,462 |
McDonald's Corp. | ||
2.63%, 01/15/22 | 400,000 | 413,514 |
3.35%, 04/01/23 (a) | 400,000 | 428,956 |
3.25%, 06/10/24 | 250,000 | 274,306 |
3.38%, 05/26/25 (a) | 800,000 | 887,860 |
3.70%, 01/30/26 (a) | 600,000 | 682,029 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.50%, 03/01/27 (a) | 100,000 | 113,192 |
3.50%, 07/01/27 (a) | 300,000 | 341,413 |
3.80%, 04/01/28 (a) | 400,000 | 468,376 |
2.63%, 09/01/29 (a) | 400,000 | 429,240 |
2.13%, 03/01/30 (a) | 250,000 | 257,013 |
3.60%, 07/01/30 (a) | 300,000 | 346,119 |
4.70%, 12/09/35 (a) | 250,000 | 318,969 |
6.30%, 10/15/37 | 180,000 | 262,443 |
6.30%, 03/01/38 | 150,000 | 218,772 |
5.70%, 02/01/39 | 33,000 | 45,903 |
4.88%, 07/15/40 | 100,000 | 126,257 |
3.70%, 02/15/42 | 150,000 | 168,165 |
3.63%, 05/01/43 | 150,000 | 166,366 |
4.88%, 12/09/45 (a) | 900,000 | 1,160,122 |
4.45%, 03/01/47 (a) | 250,000 | 308,595 |
4.45%, 09/01/48 (a) | 500,000 | 618,597 |
3.63%, 09/01/49 (a) | 450,000 | 500,274 |
4.20%, 04/01/50 (a) | 150,000 | 182,200 |
NIKE, Inc. | ||
2.25%, 05/01/23 (a) | 350,000 | 369,647 |
2.40%, 03/27/25 (a) | 400,000 | 431,776 |
2.38%, 11/01/26 (a) | 250,000 | 274,184 |
2.85%, 03/27/30 (a) | 500,000 | 557,425 |
3.25%, 03/27/40 (a) | 500,000 | 560,560 |
3.63%, 05/01/43 (a) | 50,000 | 58,225 |
3.88%, 11/01/45 (a) | 400,000 | 492,360 |
3.38%, 11/01/46 (a) | 150,000 | 170,658 |
3.38%, 03/27/50 (a) | 500,000 | 578,222 |
Nordstrom, Inc. | ||
4.00%, 10/15/21 (a) | 300,000 | 300,248 |
6.95%, 03/15/28 | 100,000 | 97,674 |
4.38%, 04/01/30 (a) | 75,000 | 59,082 |
5.00%, 01/15/44 (a) | 400,000 | 288,058 |
NVR, Inc. | ||
3.95%, 09/15/22 (a) | 171,000 | 181,857 |
3.00%, 05/15/30 (a) | 250,000 | 261,701 |
O'Reilly Automotive, Inc. | ||
4.63%, 09/15/21 (a) | 150,000 | 155,786 |
3.55%, 03/15/26 (a) | 500,000 | 567,035 |
3.60%, 09/01/27 (a) | 250,000 | 280,455 |
4.35%, 06/01/28 (a) | 59,000 | 69,295 |
3.90%, 06/01/29 (a) | 150,000 | 172,688 |
PACCAR Financial Corp. | ||
3.15%, 08/09/21 | 350,000 | 360,523 |
2.65%, 05/10/22 | 250,000 | 260,794 |
2.30%, 08/10/22 | 200,000 | 207,430 |
2.65%, 04/06/23 | 250,000 | 264,045 |
2.15%, 08/15/24 | 50,000 | 52,716 |
1.80%, 02/06/25 | 200,000 | 208,713 |
Philip Morris International, Inc. | ||
2.10%, 05/01/30 (a) | 250,000 | 258,244 |
Ralph Lauren Corp. | ||
1.70%, 06/15/22 | 150,000 | 152,558 |
3.75%, 09/15/25 (a) | 200,000 | 222,792 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 200,000 | 230,233 |
4.80%, 04/15/30 (a) | 200,000 | 239,875 |
5.45%, 04/15/50 (a) | 200,000 | 259,900 |
Sands China Ltd. | ||
4.60%, 08/08/23 (a) | 550,000 | 579,639 |
5.13%, 08/08/25 (a) | 650,000 | 707,811 |
5.40%, 08/08/28 (a) | 500,000 | 554,115 |
Starbucks Corp. | ||
1.30%, 05/07/22 | 170,000 | 172,381 |
2.70%, 06/15/22 (a) | 300,000 | 311,670 |
3.10%, 03/01/23 (a) | 250,000 | 266,109 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.85%, 10/01/23 (a) | 350,000 | 383,539 |
2.00%, 03/12/27 (a) | 300,000 | 315,207 |
3.50%, 03/01/28 (a) | 550,000 | 622,685 |
4.00%, 11/15/28 (a) | 250,000 | 294,298 |
3.55%, 08/15/29 (a) | 500,000 | 570,817 |
2.25%, 03/12/30 (a) | 200,000 | 208,277 |
2.55%, 11/15/30 (a) | 275,000 | 289,196 |
3.75%, 12/01/47 (a) | 500,000 | 539,627 |
4.50%, 11/15/48 (a) | 250,000 | 298,009 |
4.45%, 08/15/49 (a) | 350,000 | 425,558 |
3.35%, 03/12/50 (a) | 100,000 | 102,663 |
3.50%, 11/15/50 (a) | 300,000 | 317,131 |
Tapestry, Inc. | ||
3.00%, 07/15/22 (a) | 50,000 | 49,201 |
4.25%, 04/01/25 (a) | 300,000 | 290,052 |
4.13%, 07/15/27 (a) | 200,000 | 188,094 |
Target Corp. | ||
2.90%, 01/15/22 | 250,000 | 260,088 |
3.50%, 07/01/24 | 450,000 | 502,810 |
2.25%, 04/15/25 (a) | 500,000 | 535,280 |
2.50%, 04/15/26 | 100,000 | 109,865 |
3.38%, 04/15/29 (a) | 525,000 | 606,811 |
2.35%, 02/15/30 (a) | 250,000 | 269,388 |
2.65%, 09/15/30 (a) | 400,000 | 441,050 |
6.35%, 11/01/32 | 245,000 | 359,480 |
4.00%, 07/01/42 | 500,000 | 632,155 |
3.63%, 04/15/46 | 400,000 | 488,434 |
3.90%, 11/15/47 (a) | 400,000 | 514,606 |
TJX Cos., Inc. | ||
2.50%, 05/15/23 (a) | 350,000 | 367,314 |
3.50%, 04/15/25 (a) | 400,000 | 445,696 |
2.25%, 09/15/26 (a) | 500,000 | 533,830 |
3.88%, 04/15/30 (a) | 500,000 | 588,695 |
4.50%, 04/15/50 (a) | 250,000 | 323,275 |
Toyota Motor Corp. | ||
3.18%, 07/20/21 | 250,000 | 257,030 |
2.16%, 07/02/22 | 300,000 | 309,214 |
3.42%, 07/20/23 | 250,000 | 270,164 |
2.36%, 07/02/24 | 150,000 | 158,590 |
2.76%, 07/02/29 | 150,000 | 166,150 |
Toyota Motor Credit Corp. | ||
3.40%, 09/15/21 | 800,000 | 827,900 |
2.60%, 01/11/22 | 450,000 | 463,770 |
3.30%, 01/12/22 | 250,000 | 260,519 |
1.15%, 05/26/22 | 500,000 | 505,702 |
2.80%, 07/13/22 | 500,000 | 521,992 |
2.15%, 09/08/22 | 150,000 | 154,959 |
2.70%, 01/11/23 | 250,000 | 262,748 |
2.90%, 03/30/23 | 500,000 | 529,497 |
3.45%, 09/20/23 | 400,000 | 433,862 |
3.35%, 01/08/24 | 200,000 | 216,697 |
2.90%, 04/17/24 | 350,000 | 375,699 |
1.80%, 02/13/25 | 300,000 | 310,986 |
3.00%, 04/01/25 | 450,000 | 490,504 |
3.20%, 01/11/27 | 250,000 | 278,645 |
3.05%, 01/11/28 | 250,000 | 278,729 |
3.65%, 01/08/29 | 400,000 | 467,400 |
2.15%, 02/13/30 | 250,000 | 263,303 |
3.38%, 04/01/30 | 350,000 | 403,280 |
TWDC Enterprises 18 Corp. | ||
4.38%, 08/16/41 | 300,000 | 364,146 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 475,000 | 501,434 |
2.80%, 04/23/27 (a) | 200,000 | 212,342 |
2.95%, 04/23/30 (a) | 250,000 | 266,910 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Visa, Inc. | ||
2.15%, 09/15/22 (a) | 310,000 | 322,082 |
2.80%, 12/14/22 (a) | 900,000 | 950,467 |
3.15%, 12/14/25 (a) | 1,150,000 | 1,284,239 |
1.90%, 04/15/27 (a) | 200,000 | 209,442 |
2.75%, 09/15/27 (a) | 100,000 | 110,639 |
2.05%, 04/15/30 (a) | 500,000 | 525,235 |
4.15%, 12/14/35 (a) | 1,400,000 | 1,797,033 |
4.30%, 12/14/45 (a) | 1,200,000 | 1,589,454 |
Walgreen Co. | ||
3.10%, 09/15/22 | 100,000 | 104,784 |
4.40%, 09/15/42 | 250,000 | 260,483 |
Walgreens Boots Alliance, Inc. | ||
3.30%, 11/18/21 (a) | 530,000 | 546,528 |
3.80%, 11/18/24 (a) | 850,000 | 936,840 |
3.45%, 06/01/26 (a) | 550,000 | 596,373 |
3.20%, 04/15/30 (a) | 200,000 | 207,152 |
4.50%, 11/18/34 (a) | 50,000 | 56,051 |
4.80%, 11/18/44 (a) | 450,000 | 489,658 |
4.65%, 06/01/46 (a) | 250,000 | 268,523 |
4.10%, 04/15/50 (a) | 400,000 | 404,964 |
Walmart, Inc. | ||
3.13%, 06/23/21 | 200,000 | 205,573 |
2.35%, 12/15/22 (a) | 650,000 | 681,154 |
2.55%, 04/11/23 (a) | 1,600,000 | 1,686,832 |
3.40%, 06/26/23 (a) | 100,000 | 108,787 |
3.30%, 04/22/24 (a) | 300,000 | 329,269 |
2.85%, 07/08/24 (a) | 200,000 | 217,155 |
2.65%, 12/15/24 (a) | 1,550,000 | 1,679,882 |
3.55%, 06/26/25 (a) | 100,000 | 113,474 |
3.05%, 07/08/26 (a) | 100,000 | 112,970 |
3.70%, 06/26/28 (a) | 1,700,000 | 2,011,882 |
3.25%, 07/08/29 (a) | 500,000 | 580,395 |
2.38%, 09/24/29 (a) | 150,000 | 163,727 |
5.25%, 09/01/35 | 1,000,000 | 1,454,355 |
6.50%, 08/15/37 | 100,000 | 160,838 |
6.20%, 04/15/38 | 150,000 | 234,439 |
3.95%, 06/28/38 (a) | 850,000 | 1,079,827 |
5.00%, 10/25/40 | 150,000 | 211,274 |
5.63%, 04/15/41 | 150,000 | 226,986 |
4.00%, 04/11/43 (a) | 150,000 | 189,964 |
4.30%, 04/22/44 (a) | 300,000 | 399,217 |
3.63%, 12/15/47 (a) | 600,000 | 738,336 |
4.05%, 06/29/48 (a) | 900,000 | 1,184,359 |
2.95%, 09/24/49 (a) | 350,000 | 394,980 |
Western Union Co. | ||
4.25%, 06/09/23 (a) | 500,000 | 541,862 |
2.85%, 01/10/25 (a) | 200,000 | 208,606 |
151,018,476 | ||
Consumer Non-Cyclical 4.5% | ||
Abbott Laboratories | ||
2.55%, 03/15/22 | 300,000 | 311,363 |
3.40%, 11/30/23 (a) | 850,000 | 926,058 |
3.88%, 09/15/25 (a) | 100,000 | 114,943 |
3.75%, 11/30/26 (a) | 558,000 | 649,844 |
1.15%, 01/30/28 (a) | 250,000 | 251,261 |
4.75%, 11/30/36 (a) | 750,000 | 1,006,436 |
6.00%, 04/01/39 | 60,000 | 90,302 |
5.30%, 05/27/40 | 250,000 | 362,756 |
4.75%, 04/15/43 (a) | 250,000 | 335,743 |
4.90%, 11/30/46 (a) | 1,150,000 | 1,650,710 |
AbbVie, Inc. | ||
3.38%, 11/14/21 | 600,000 | 622,071 |
2.15%, 11/19/21 (d) | 500,000 | 509,722 |
3.45%, 03/15/22 (a)(d) | 1,000,000 | 1,040,325 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.25%, 10/01/22 (a)(d) | 750,000 | 785,947 |
2.90%, 11/06/22 | 725,000 | 760,779 |
3.20%, 11/06/22 (a) | 500,000 | 526,112 |
2.30%, 11/21/22 (d) | 1,000,000 | 1,035,250 |
2.85%, 05/14/23 (a) | 1,200,000 | 1,266,282 |
3.75%, 11/14/23 (a) | 250,000 | 273,536 |
3.85%, 06/15/24 (a)(d) | 500,000 | 549,432 |
2.60%, 11/21/24 (a)(d) | 1,200,000 | 1,274,658 |
3.80%, 03/15/25 (a)(d) | 250,000 | 277,398 |
3.60%, 05/14/25 (a) | 1,100,000 | 1,217,133 |
3.20%, 05/14/26 (a) | 200,000 | 220,073 |
2.95%, 11/21/26 (a)(d) | 1,275,000 | 1,387,774 |
4.25%, 11/14/28 (a) | 590,000 | 697,212 |
3.20%, 11/21/29 (a)(d) | 1,800,000 | 1,978,389 |
4.55%, 03/15/35 (a)(d) | 690,000 | 837,912 |
4.50%, 05/14/35 (a) | 1,275,000 | 1,543,381 |
4.30%, 05/14/36 (a) | 1,200,000 | 1,420,812 |
4.05%, 11/21/39 (a)(d) | 1,300,000 | 1,522,885 |
4.63%, 10/01/42 (a)(d) | 100,000 | 123,382 |
4.40%, 11/06/42 | 700,000 | 847,385 |
4.85%, 06/15/44 (a)(d) | 500,000 | 627,545 |
4.75%, 03/15/45 (a)(d) | 168,000 | 210,258 |
4.70%, 05/14/45 (a) | 1,200,000 | 1,502,028 |
4.45%, 05/14/46 (a) | 250,000 | 306,480 |
4.88%, 11/14/48 (a) | 569,000 | 744,383 |
4.25%, 11/21/49 (a)(d) | 1,650,000 | 2,002,093 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 200,000 | 206,531 |
3.63%, 03/01/49 (a) | 100,000 | 100,537 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 100,000 | 113,698 |
2.21%, 06/15/30 (a) | 250,000 | 255,208 |
4.27%, 08/15/48 (a) | 89,000 | 114,848 |
3.39%, 10/15/49 (a) | 300,000 | 336,045 |
Agilent Technologies, Inc. | ||
3.20%, 10/01/22 (a) | 150,000 | 157,011 |
2.75%, 09/15/29 (a) | 350,000 | 381,066 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 250,000 | 347,735 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 100,000 | 132,067 |
Allina Health System | ||
Series 2019 | ||
3.89%, 04/15/49 | 100,000 | 121,023 |
Altria Group, Inc. | ||
3.49%, 02/14/22 | 200,000 | 208,970 |
2.85%, 08/09/22 | 600,000 | 625,476 |
2.95%, 05/02/23 | 400,000 | 421,388 |
4.00%, 01/31/24 | 550,000 | 606,752 |
3.80%, 02/14/24 (a) | 350,000 | 383,306 |
2.35%, 05/06/25 (a) | 200,000 | 210,454 |
4.40%, 02/14/26 (a) | 250,000 | 287,844 |
2.63%, 09/16/26 (a) | 150,000 | 159,954 |
4.80%, 02/14/29 (a) | 1,010,000 | 1,180,129 |
3.40%, 05/06/30 (a) | 200,000 | 216,187 |
5.80%, 02/14/39 (a) | 600,000 | 748,248 |
4.25%, 08/09/42 | 550,000 | 582,692 |
4.50%, 05/02/43 | 200,000 | 216,383 |
5.38%, 01/31/44 | 600,000 | 725,028 |
3.88%, 09/16/46 (a) | 400,000 | 400,946 |
5.95%, 02/14/49 (a) | 650,000 | 851,090 |
4.45%, 05/06/50 (a) | 300,000 | 329,082 |
6.20%, 02/14/59 (a) | 200,000 | 268,625 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 250,000 | 271,333 |
3.45%, 12/15/27 (a) | 1,000,000 | 1,124,810 |
2.80%, 05/15/30 (a) | 200,000 | 211,231 |
Amgen, Inc. | ||
3.88%, 11/15/21 (a) | 455,714 | 473,113 |
2.70%, 05/01/22 (a) | 300,000 | 311,261 |
2.65%, 05/11/22 (a) | 400,000 | 415,544 |
3.63%, 05/15/22 (a) | 500,000 | 524,642 |
3.63%, 05/22/24 (a) | 650,000 | 713,232 |
1.90%, 02/21/25 (a) | 250,000 | 261,145 |
3.13%, 05/01/25 (a) | 250,000 | 274,421 |
2.60%, 08/19/26 (a) | 450,000 | 490,896 |
2.20%, 02/21/27 (a) | 250,000 | 263,134 |
3.20%, 11/02/27 (a) | 150,000 | 168,758 |
2.45%, 02/21/30 (a) | 500,000 | 529,525 |
2.30%, 02/25/31 (a) | 475,000 | 495,168 |
6.38%, 06/01/37 | 150,000 | 219,246 |
3.15%, 02/21/40 (a) | 700,000 | 752,976 |
4.95%, 10/01/41 | 600,000 | 782,703 |
5.15%, 11/15/41 (a) | 650,000 | 867,379 |
5.65%, 06/15/42 (a) | 200,000 | 285,297 |
4.40%, 05/01/45 (a) | 650,000 | 807,550 |
4.56%, 06/15/48 (a) | 300,000 | 391,290 |
3.38%, 02/21/50 (a) | 800,000 | 888,080 |
4.66%, 06/15/51 (a) | 1,200,000 | 1,602,354 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 1,200,000 | 1,347,180 |
4.70%, 02/01/36 (a) | 1,600,000 | 1,884,352 |
4.90%, 02/01/46 (a) | 3,050,000 | 3,713,619 |
Anheuser-Busch InBev Finance, Inc. | ||
2.63%, 01/17/23 | 200,000 | 209,712 |
3.30%, 02/01/23 (a) | 814,000 | 863,235 |
3.70%, 02/01/24 | 450,000 | 494,797 |
3.65%, 02/01/26 (a) | 500,000 | 561,037 |
4.70%, 02/01/36 (a) | 387,000 | 450,615 |
4.00%, 01/17/43 | 150,000 | 162,516 |
4.63%, 02/01/44 | 400,000 | 467,384 |
4.90%, 02/01/46 (a) | 550,000 | 672,070 |
Anheuser-Busch InBev Worldwide, Inc. | ||
2.50%, 07/15/22 | 173,000 | 179,512 |
3.50%, 01/12/24 (a) | 300,000 | 326,895 |
4.15%, 01/23/25 (a) | 700,000 | 794,213 |
4.00%, 04/13/28 (a) | 850,000 | 983,254 |
4.75%, 01/23/29 (a) | 1,325,000 | 1,600,679 |
3.50%, 06/01/30 (a) | 650,000 | 731,731 |
4.90%, 01/23/31 (a) | 750,000 | 940,969 |
4.38%, 04/15/38 (a) | 125,000 | 142,013 |
8.20%, 01/15/39 | 200,000 | 321,708 |
5.45%, 01/23/39 (a) | 550,000 | 697,548 |
4.35%, 06/01/40 (a) | 400,000 | 458,352 |
4.95%, 01/15/42 | 390,000 | 471,426 |
3.75%, 07/15/42 | 250,000 | 267,778 |
4.60%, 04/15/48 (a) | 800,000 | 938,128 |
4.44%, 10/06/48 (a) | 550,000 | 636,707 |
5.55%, 01/23/49 (a) | 1,250,000 | 1,664,637 |
4.50%, 06/01/50 (a) | 1,000,000 | 1,192,945 |
4.75%, 04/15/58 (a) | 700,000 | 850,258 |
5.80%, 01/23/59 (a) | 650,000 | 924,748 |
4.60%, 06/01/60 (a) | 600,000 | 719,169 |
Archer-Daniels-Midland Co. | ||
3.38%, 03/15/22 (a) | 250,000 | 261,716 |
2.50%, 08/11/26 (a) | 900,000 | 979,789 |
3.25%, 03/27/30 (a) | 400,000 | 456,170 |
4.54%, 03/26/42 | 200,000 | 257,815 |
4.02%, 04/16/43 | 200,000 | 238,598 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.75%, 09/15/47 (a) | 150,000 | 182,441 |
4.50%, 03/15/49 (a) | 150,000 | 208,684 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 70,000 | 75,161 |
3.11%, 11/15/39 (a) | 100,000 | 108,421 |
3.95%, 11/15/46 | 650,000 | 814,989 |
AstraZeneca PLC | ||
2.38%, 06/12/22 (a) | 750,000 | 776,254 |
3.50%, 08/17/23 (a) | 500,000 | 541,560 |
3.38%, 11/16/25 | 300,000 | 336,791 |
6.45%, 09/15/37 | 1,350,000 | 2,036,556 |
4.00%, 09/18/42 | 150,000 | 183,863 |
4.38%, 11/16/45 | 250,000 | 325,761 |
4.38%, 08/17/48 (a) | 250,000 | 332,541 |
Banner Health | ||
2.34%, 01/01/30 (a) | 250,000 | 258,028 |
BAT Capital Corp. | ||
2.76%, 08/15/22 (a) | 1,550,000 | 1,606,180 |
3.22%, 08/15/24 (a) | 650,000 | 696,283 |
2.79%, 09/06/24 (a) | 300,000 | 315,861 |
3.22%, 09/06/26 (a) | 300,000 | 322,830 |
4.70%, 04/02/27 (a) | 500,000 | 574,047 |
3.56%, 08/15/27 (a) | 600,000 | 647,553 |
3.46%, 09/06/29 (a) | 150,000 | 161,296 |
4.91%, 04/02/30 (a) | 350,000 | 410,266 |
4.39%, 08/15/37 (a) | 350,000 | 382,874 |
4.54%, 08/15/47 (a) | 350,000 | 380,802 |
4.76%, 09/06/49 (a) | 300,000 | 341,429 |
5.28%, 04/02/50 (a) | 200,000 | 243,161 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 300,000 | 344,742 |
5.25%, 06/23/45 (a) | 198,000 | 279,270 |
Baxter International, Inc. | ||
1.70%, 08/15/21 (a) | 250,000 | 252,330 |
3.75%, 10/01/25 (a)(d) | 250,000 | 285,459 |
3.95%, 04/01/30 (a)(d) | 250,000 | 297,458 |
3.50%, 08/15/46 (a) | 250,000 | 278,608 |
Baylor Scott & White Holdings | ||
4.19%, 11/15/45 (a) | 400,000 | 496,078 |
Becton Dickinson & Co. | ||
3.13%, 11/08/21 | 250,000 | 257,550 |
2.89%, 06/06/22 (a) | 1,150,000 | 1,191,112 |
3.73%, 12/15/24 (a) | 1,000,000 | 1,105,450 |
3.70%, 06/06/27 (a) | 181,000 | 202,494 |
2.82%, 05/20/30 (a) | 250,000 | 264,865 |
4.69%, 12/15/44 (a) | 300,000 | 371,341 |
4.67%, 06/06/47 (a) | 500,000 | 618,920 |
Becton Dickinson and Co. | ||
3.79%, 05/20/50 (a) | 250,000 | 279,558 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 1,000,000 | 1,148,170 |
2.25%, 05/01/30 (a) | 500,000 | 506,540 |
5.20%, 09/15/45 (a) | 500,000 | 650,130 |
3.15%, 05/01/50 (a) | 450,000 | 435,892 |
Boston Scientific Corp. | ||
3.38%, 05/15/22 | 200,000 | 209,002 |
3.45%, 03/01/24 (a) | 350,000 | 381,138 |
3.85%, 05/15/25 | 200,000 | 224,234 |
3.75%, 03/01/26 (a) | 250,000 | 284,360 |
4.00%, 03/01/28 (a) | 200,000 | 230,499 |
4.00%, 03/01/29 (a) | 300,000 | 343,985 |
2.65%, 06/01/30 (a) | 500,000 | 521,280 |
7.00%, 11/15/35 (e)(f) | 150,000 | 213,767 |
4.55%, 03/01/39 (a) | 75,000 | 92,138 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
7.38%, 01/15/40 | 50,000 | 78,417 |
4.70%, 03/01/49 (a) | 350,000 | 447,482 |
Bristol-Myers Squibb Co. | ||
2.60%, 05/16/22 (d) | 670,000 | 696,314 |
3.25%, 08/15/22 (d) | 200,000 | 211,321 |
3.55%, 08/15/22 (d) | 600,000 | 637,950 |
3.25%, 02/20/23 (a)(d) | 200,000 | 213,310 |
4.00%, 08/15/23 (d) | 200,000 | 220,684 |
3.63%, 05/15/24 (a)(d) | 850,000 | 936,394 |
2.90%, 07/26/24 (a)(d) | 1,150,000 | 1,243,380 |
3.88%, 08/15/25 (a)(d) | 700,000 | 797,779 |
3.20%, 06/15/26 (a)(d) | 1,000,000 | 1,122,290 |
3.25%, 02/27/27 | 250,000 | 287,901 |
3.45%, 11/15/27 (a)(d) | 500,000 | 575,847 |
3.90%, 02/20/28 (a)(d) | 350,000 | 412,524 |
3.40%, 07/26/29 (a)(d) | 1,325,000 | 1,531,879 |
4.13%, 06/15/39 (a)(d) | 250,000 | 318,785 |
3.25%, 08/01/42 | 350,000 | 392,112 |
5.25%, 08/15/43 (d) | 250,000 | 358,909 |
4.50%, 03/01/44 (a) | 100,000 | 135,992 |
5.00%, 08/15/45 (a)(d) | 600,000 | 848,493 |
4.35%, 11/15/47 (a)(d) | 600,000 | 792,105 |
4.55%, 02/20/48 (a)(d) | 500,000 | 678,160 |
4.25%, 10/26/49 (a)(d) | 1,300,000 | 1,718,164 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 300,000 | 357,995 |
4.50%, 07/15/45 (a) | 150,000 | 188,643 |
Bunge Ltd. Finance Corp. | ||
3.00%, 09/25/22 (a) | 250,000 | 260,591 |
3.75%, 09/25/27 (a) | 600,000 | 631,173 |
Campbell Soup Co. | ||
2.50%, 08/02/22 | 350,000 | 360,904 |
3.95%, 03/15/25 (a) | 250,000 | 280,926 |
4.15%, 03/15/28 (a) | 650,000 | 753,220 |
2.38%, 04/24/30 (a) | 250,000 | 259,254 |
3.13%, 04/24/50 (a) | 300,000 | 307,487 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 822,000 | 878,373 |
3.75%, 09/15/25 (a) | 250,000 | 280,049 |
3.41%, 06/15/27 (a) | 400,000 | 448,900 |
4.60%, 03/15/43 | 100,000 | 110,508 |
4.50%, 11/15/44 (a) | 150,000 | 163,029 |
4.90%, 09/15/45 (a) | 350,000 | 411,185 |
4.37%, 06/15/47 (a) | 100,000 | 111,113 |
Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 100,000 | 125,969 |
2.59%, 02/01/50 (a)(g) | 120,000 | 120,769 |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 150,000 | 183,862 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 500,000 | 544,647 |
Cigna Corp. | ||
3.40%, 09/17/21 | 500,000 | 516,627 |
3.90%, 02/15/22 (d) | 194,000 | 203,849 |
3.05%, 11/30/22 (a)(d) | 39,000 | 41,086 |
3.00%, 07/15/23 (a)(d) | 485,000 | 514,013 |
3.75%, 07/15/23 (a) | 1,000,000 | 1,086,000 |
3.25%, 04/15/25 (a)(d) | 300,000 | 327,635 |
4.13%, 11/15/25 (a) | 750,000 | 861,221 |
4.50%, 02/25/26 (a)(d) | 485,000 | 565,095 |
3.40%, 03/01/27 (a)(d) | 635,000 | 702,872 |
3.05%, 10/15/27 (a)(d) | 291,000 | 316,253 |
4.38%, 10/15/28 (a) | 1,300,000 | 1,541,410 |
2.40%, 03/15/30 (a) | 500,000 | 519,647 |
4.80%, 08/15/38 (a) | 500,000 | 635,927 |
3.20%, 03/15/40 (a) | 250,000 | 266,274 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
6.13%, 11/15/41 (d) | 145,000 | 206,690 |
4.80%, 07/15/46 (a)(d) | 630,000 | 799,527 |
3.88%, 10/15/47 (a)(d) | 339,000 | 386,731 |
4.90%, 12/15/48 (a) | 850,000 | 1,124,660 |
3.40%, 03/15/50 (a) | 400,000 | 432,962 |
City of Hope | ||
5.62%, 11/15/43 | 195,000 | 282,067 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 350,000 | 489,667 |
Clorox Co. | ||
3.05%, 09/15/22 (a) | 200,000 | 210,578 |
3.90%, 05/15/28 (a) | 550,000 | 643,497 |
Coca-Cola Co. | ||
3.30%, 09/01/21 | 550,000 | 568,887 |
2.20%, 05/25/22 | 450,000 | 465,601 |
2.50%, 04/01/23 | 250,000 | 266,905 |
3.20%, 11/01/23 | 1,250,000 | 1,360,875 |
1.75%, 09/06/24 | 300,000 | 314,876 |
2.88%, 10/27/25 | 250,000 | 277,281 |
2.55%, 06/01/26 | 150,000 | 164,756 |
3.38%, 03/25/27 | 400,000 | 459,706 |
2.90%, 05/25/27 | 150,000 | 167,674 |
1.45%, 06/01/27 | 250,000 | 257,388 |
2.13%, 09/06/29 | 300,000 | 320,883 |
3.45%, 03/25/30 | 500,000 | 588,837 |
1.65%, 06/01/30 | 250,000 | 255,088 |
4.13%, 03/25/40 | 300,000 | 381,759 |
4.20%, 03/25/50 | 800,000 | 1,061,992 |
2.60%, 06/01/50 | 700,000 | 708,263 |
2.75%, 06/01/60 | 300,000 | 304,118 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 400,000 | 421,836 |
5.25%, 11/26/43 | 200,000 | 272,193 |
Colgate-Palmolive Co. | ||
2.10%, 05/01/23 | 410,000 | 429,211 |
3.25%, 03/15/24 | 500,000 | 548,312 |
3.70%, 08/01/47 (a) | 277,000 | 360,341 |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 250,000 | 258,169 |
3.35%, 10/01/29 (a) | 300,000 | 309,419 |
4.35%, 11/01/42 | 250,000 | 259,978 |
3.82%, 10/01/49 (a) | 250,000 | 269,466 |
4.19%, 10/01/49 (a) | 300,000 | 311,489 |
Conagra Brands, Inc. | ||
3.80%, 10/22/21 | 350,000 | 364,065 |
3.20%, 01/25/23 (a) | 333,000 | 353,759 |
4.30%, 05/01/24 (a) | 360,000 | 399,733 |
4.60%, 11/01/25 (a) | 350,000 | 404,218 |
4.85%, 11/01/28 (a) | 500,000 | 604,022 |
8.25%, 09/15/30 | 100,000 | 148,810 |
5.30%, 11/01/38 (a) | 350,000 | 459,301 |
5.40%, 11/01/48 (a) | 350,000 | 486,521 |
Constellation Brands, Inc. | ||
3.20%, 02/15/23 (a) | 350,000 | 371,052 |
4.25%, 05/01/23 | 500,000 | 548,182 |
4.75%, 11/15/24 | 250,000 | 288,504 |
4.40%, 11/15/25 (a) | 350,000 | 404,824 |
4.75%, 12/01/25 | 200,000 | 235,375 |
3.70%, 12/06/26 (a) | 200,000 | 224,359 |
4.65%, 11/15/28 (a) | 250,000 | 296,371 |
3.15%, 08/01/29 (a) | 250,000 | 269,913 |
2.88%, 05/01/30 (a) | 550,000 | 584,059 |
4.50%, 05/09/47 (a) | 175,000 | 209,566 |
4.10%, 02/15/48 (a) | 150,000 | 170,667 |
5.25%, 11/15/48 (a) | 200,000 | 263,376 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Covidien International Finance S.A. | ||
3.20%, 06/15/22 (a) | 100,000 | 104,663 |
CVS Health Corp. | ||
2.13%, 06/01/21 (a) | 750,000 | 759,937 |
3.50%, 07/20/22 (a) | 500,000 | 526,925 |
2.75%, 12/01/22 (a) | 500,000 | 521,850 |
3.70%, 03/09/23 (a) | 2,450,000 | 2,631,484 |
4.00%, 12/05/23 (a) | 500,000 | 549,075 |
3.38%, 08/12/24 (a) | 650,000 | 707,993 |
2.63%, 08/15/24 (a) | 300,000 | 319,278 |
4.10%, 03/25/25 (a) | 950,000 | 1,074,360 |
3.88%, 07/20/25 (a) | 950,000 | 1,066,707 |
2.88%, 06/01/26 (a) | 900,000 | 975,141 |
3.00%, 08/15/26 (a) | 250,000 | 273,251 |
3.63%, 04/01/27 (a) | 200,000 | 225,472 |
4.30%, 03/25/28 (a) | 2,870,000 | 3,354,169 |
3.25%, 08/15/29 (a) | 250,000 | 276,323 |
3.75%, 04/01/30 (a) | 400,000 | 459,656 |
4.88%, 07/20/35 (a) | 250,000 | 315,111 |
4.78%, 03/25/38 (a) | 1,450,000 | 1,798,964 |
6.13%, 09/15/39 | 150,000 | 213,044 |
4.13%, 04/01/40 (a) | 450,000 | 532,415 |
5.30%, 12/05/43 (a) | 600,000 | 783,957 |
5.13%, 07/20/45 (a) | 950,000 | 1,232,017 |
5.05%, 03/25/48 (a) | 2,600,000 | 3,406,767 |
4.25%, 04/01/50 (a) | 300,000 | 362,950 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 150,000 | 167,171 |
Dartmouth-Hitchcock Health | ||
4.18%, 08/01/48 (a) | 250,000 | 274,475 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 200,000 | 210,515 |
DH Europe Finance II Sarl | ||
2.05%, 11/15/22 | 250,000 | 258,374 |
2.20%, 11/15/24 (a) | 400,000 | 420,956 |
2.60%, 11/15/29 (a) | 250,000 | 266,386 |
3.25%, 11/15/39 (a) | 350,000 | 386,531 |
3.40%, 11/15/49 (a) | 350,000 | 392,845 |
Diageo Capital PLC | ||
2.63%, 04/29/23 (a) | 250,000 | 263,944 |
2.13%, 10/24/24 (a) | 450,000 | 474,043 |
1.38%, 09/29/25 (a) | 300,000 | 305,685 |
3.88%, 05/18/28 (a) | 450,000 | 527,634 |
2.38%, 10/24/29 (a) | 200,000 | 213,608 |
2.00%, 04/29/30 (a) | 250,000 | 258,989 |
2.13%, 04/29/32 (a) | 250,000 | 259,599 |
5.88%, 09/30/36 | 600,000 | 864,654 |
Diageo Investment Corp. | ||
2.88%, 05/11/22 | 262,000 | 273,511 |
4.25%, 05/11/42 | 100,000 | 125,566 |
Dignity Health | ||
3.13%, 11/01/22 | 250,000 | 258,463 |
5.27%, 11/01/64 | 150,000 | 175,095 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 200,000 | 251,040 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 250,000 | 299,304 |
Eli Lilly and Co. | ||
2.35%, 05/15/22 | 350,000 | 362,728 |
2.75%, 06/01/25 (a) | 110,000 | 120,479 |
3.10%, 05/15/27 (a) | 250,000 | 281,181 |
3.38%, 03/15/29 (a) | 350,000 | 405,062 |
3.88%, 03/15/39 (a) | 250,000 | 306,478 |
3.95%, 05/15/47 (a) | 100,000 | 125,932 |
3.95%, 03/15/49 (a) | 500,000 | 639,987 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.25%, 05/15/50 (a) | 600,000 | 576,429 |
4.15%, 03/15/59 (a) | 400,000 | 526,340 |
Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 50,000 | 52,682 |
2.38%, 12/01/29 (a) | 200,000 | 214,825 |
2.60%, 04/15/30 (a) | 250,000 | 272,920 |
4.15%, 03/15/47 (a) | 600,000 | 755,079 |
3.13%, 12/01/49 (a) | 200,000 | 219,068 |
Flowers Foods, Inc. | ||
4.38%, 04/01/22 (a) | 250,000 | 261,406 |
Fomento Economico Mexicano S.A.B. de C.V. | ||
4.38%, 05/10/43 | 150,000 | 181,268 |
3.50%, 01/16/50 (a) | 1,050,000 | 1,085,800 |
General Mills, Inc. | ||
2.60%, 10/12/22 (a) | 150,000 | 156,104 |
3.70%, 10/17/23 (a) | 166,000 | 181,221 |
4.00%, 04/17/25 (a) | 950,000 | 1,075,105 |
3.20%, 02/10/27 (a) | 300,000 | 339,252 |
4.20%, 04/17/28 (a) | 325,000 | 383,583 |
2.88%, 04/15/30 (a) | 350,000 | 381,495 |
4.55%, 04/17/38 (a) | 400,000 | 503,038 |
5.40%, 06/15/40 | 100,000 | 136,715 |
4.70%, 04/17/48 (a) | 250,000 | 333,746 |
Gilead Sciences, Inc. | ||
4.40%, 12/01/21 (a) | 350,000 | 366,467 |
1.95%, 03/01/22 (a) | 200,000 | 204,617 |
3.25%, 09/01/22 (a) | 450,000 | 476,442 |
2.50%, 09/01/23 (a) | 600,000 | 634,665 |
3.70%, 04/01/24 (a) | 700,000 | 771,767 |
3.50%, 02/01/25 (a) | 600,000 | 669,243 |
3.65%, 03/01/26 (a) | 700,000 | 801,164 |
4.60%, 09/01/35 (a) | 500,000 | 657,177 |
4.00%, 09/01/36 (a) | 200,000 | 248,143 |
5.65%, 12/01/41 (a) | 200,000 | 291,019 |
4.80%, 04/01/44 (a) | 600,000 | 809,352 |
4.50%, 02/01/45 (a) | 350,000 | 457,053 |
4.75%, 03/01/46 (a) | 950,000 | 1,285,250 |
4.15%, 03/01/47 (a) | 725,000 | 927,018 |
GlaxoSmithKline Capital PLC | ||
2.85%, 05/08/22 | 590,000 | 615,774 |
2.88%, 06/01/22 (a) | 400,000 | 417,374 |
3.00%, 06/01/24 (a) | 250,000 | 270,658 |
3.38%, 06/01/29 (a) | 650,000 | 749,014 |
GlaxoSmithKline Capital, Inc. | ||
3.38%, 05/15/23 | 250,000 | 269,796 |
3.63%, 05/15/25 | 1,000,000 | 1,131,090 |
3.88%, 05/15/28 | 500,000 | 590,025 |
5.38%, 04/15/34 | 180,000 | 251,181 |
6.38%, 05/15/38 | 900,000 | 1,372,711 |
Hackensack Meridian Health, Inc. | ||
4.21%, 07/01/48 (a) | 150,000 | 187,199 |
4.50%, 07/01/57 (a) | 150,000 | 193,148 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 150,000 | 135,070 |
Hasbro, Inc. | ||
2.60%, 11/19/22 | 200,000 | 206,429 |
3.00%, 11/19/24 (a) | 200,000 | 209,509 |
3.55%, 11/19/26 (a) | 250,000 | 265,089 |
3.50%, 09/15/27 (a) | 100,000 | 104,471 |
3.90%, 11/19/29 (a) | 200,000 | 209,014 |
6.35%, 03/15/40 | 200,000 | 231,433 |
5.10%, 05/15/44 (a) | 100,000 | 103,223 |
HCA, Inc. | ||
4.75%, 05/01/23 | 450,000 | 487,753 |
5.00%, 03/15/24 | 1,000,000 | 1,111,670 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.25%, 04/15/25 | 250,000 | 286,830 |
5.25%, 06/15/26 (a) | 250,000 | 289,015 |
4.50%, 02/15/27 (a) | 500,000 | 557,105 |
4.13%, 06/15/29 (a) | 550,000 | 607,791 |
5.13%, 06/15/39 (a) | 300,000 | 351,315 |
5.50%, 06/15/47 (a) | 500,000 | 611,965 |
5.25%, 06/15/49 (a) | 750,000 | 901,957 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 250,000 | 251,718 |
2.30%, 08/15/26 (a) | 710,000 | 771,578 |
2.45%, 11/15/29 (a) | 100,000 | 108,005 |
3.13%, 11/15/49 (a) | 150,000 | 165,680 |
2.65%, 06/01/50 (a) | 300,000 | 306,030 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 240,000 | 301,672 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 150,000 | 163,487 |
2.90%, 06/01/30 (a) | 250,000 | 267,154 |
3.90%, 06/01/50 (a) | 100,000 | 114,726 |
JM Smucker Co. | ||
3.50%, 10/15/21 | 250,000 | 259,990 |
3.50%, 03/15/25 | 500,000 | 555,622 |
2.38%, 03/15/30 (a) | 200,000 | 204,986 |
4.25%, 03/15/35 | 250,000 | 296,568 |
4.38%, 03/15/45 | 250,000 | 296,746 |
Johnson & Johnson | ||
2.45%, 12/05/21 | 100,000 | 103,007 |
2.05%, 03/01/23 (a) | 100,000 | 104,234 |
3.38%, 12/05/23 | 500,000 | 551,007 |
2.63%, 01/15/25 (a) | 270,000 | 293,699 |
2.45%, 03/01/26 (a) | 450,000 | 492,457 |
2.95%, 03/03/27 (a) | 1,600,000 | 1,787,920 |
2.90%, 01/15/28 (a) | 100,000 | 112,555 |
3.55%, 03/01/36 (a) | 117,000 | 138,609 |
3.63%, 03/03/37 (a) | 400,000 | 483,330 |
3.40%, 01/15/38 (a) | 1,250,000 | 1,480,350 |
5.85%, 07/15/38 | 382,000 | 581,540 |
4.85%, 05/15/41 | 150,000 | 216,094 |
4.50%, 12/05/43 (a) | 200,000 | 275,086 |
3.70%, 03/01/46 (a) | 925,000 | 1,158,604 |
3.75%, 03/03/47 (a) | 200,000 | 253,654 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 750,000 | 841,012 |
4.15%, 05/01/47 (a) | 125,000 | 164,142 |
3.27%, 11/01/49 (a) | 550,000 | 621,483 |
Kellogg Co. | ||
2.65%, 12/01/23 | 350,000 | 371,005 |
4.30%, 05/15/28 (a) | 750,000 | 881,077 |
2.10%, 06/01/30 (a) | 250,000 | 254,258 |
4.50%, 04/01/46 | 231,000 | 285,576 |
Keurig Dr Pepper, Inc. | ||
4.06%, 05/25/23 (a) | 450,000 | 490,504 |
3.13%, 12/15/23 (a) | 250,000 | 268,588 |
4.42%, 05/25/25 (a) | 800,000 | 923,548 |
2.55%, 09/15/26 (a) | 150,000 | 161,393 |
3.43%, 06/15/27 (a) | 150,000 | 165,821 |
4.60%, 05/25/28 (a) | 500,000 | 600,627 |
3.20%, 05/01/30 (a) | 300,000 | 334,152 |
4.99%, 05/25/38 (a) | 200,000 | 256,678 |
4.50%, 11/15/45 (a) | 150,000 | 183,752 |
4.42%, 12/15/46 (a) | 250,000 | 303,176 |
5.09%, 05/25/48 (a) | 150,000 | 201,519 |
3.80%, 05/01/50 (a) | 250,000 | 283,948 |
Kimberly-Clark Corp. | ||
2.40%, 06/01/23 | 250,000 | 262,516 |
3.95%, 11/01/28 (a) | 200,000 | 239,633 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.20%, 04/25/29 (a) | 600,000 | 682,992 |
3.10%, 03/26/30 (a) | 200,000 | 228,176 |
6.63%, 08/01/37 | 100,000 | 159,443 |
5.30%, 03/01/41 | 450,000 | 636,887 |
3.20%, 07/30/46 (a) | 100,000 | 114,451 |
Koninklijke Ahold Delhaize N.V. | ||
5.70%, 10/01/40 | 73,000 | 99,529 |
Koninklijke Philips N.V. | ||
6.88%, 03/11/38 | 217,000 | 328,663 |
5.00%, 03/15/42 | 200,000 | 258,831 |
Kroger Co. | ||
2.80%, 08/01/22 (a) | 500,000 | 521,890 |
4.00%, 02/01/24 (a) | 450,000 | 495,711 |
2.65%, 10/15/26 (a) | 100,000 | 108,928 |
4.50%, 01/15/29 (a) | 200,000 | 244,521 |
2.20%, 05/01/30 (a) | 550,000 | 572,311 |
7.50%, 04/01/31 | 100,000 | 148,453 |
6.90%, 04/15/38 | 90,000 | 132,120 |
5.40%, 07/15/40 (a) | 500,000 | 637,875 |
5.15%, 08/01/43 (a) | 67,000 | 85,643 |
3.88%, 10/15/46 (a) | 100,000 | 112,519 |
4.45%, 02/01/47 (a) | 250,000 | 307,123 |
4.65%, 01/15/48 (a) | 100,000 | 126,295 |
5.40%, 01/15/49 (a) | 200,000 | 280,254 |
3.95%, 01/15/50 (a) | 220,000 | 253,499 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 1,250,000 | 1,347,162 |
2.30%, 12/01/24 (a) | 200,000 | 210,782 |
3.60%, 02/01/25 (a) | 150,000 | 165,701 |
2.95%, 12/01/29 (a) | 100,000 | 106,552 |
4.70%, 02/01/45 (a) | 300,000 | 364,672 |
Mayo Clinic | ||
4.13%, 11/15/52 | 250,000 | 326,751 |
McCormick & Co., Inc. | ||
2.70%, 08/15/22 (a) | 150,000 | 156,432 |
3.15%, 08/15/24 (a) | 200,000 | 217,209 |
3.40%, 08/15/27 (a) | 350,000 | 390,848 |
2.50%, 04/15/30 (a) | 200,000 | 210,709 |
4.20%, 08/15/47 (a) | 150,000 | 183,843 |
McKesson Corp. | ||
2.70%, 12/15/22 (a) | 250,000 | 260,488 |
3.80%, 03/15/24 (a) | 500,000 | 550,587 |
3.95%, 02/16/28 (a) | 300,000 | 343,784 |
4.75%, 05/30/29 (a) | 200,000 | 241,813 |
4.88%, 03/15/44 (a) | 69,000 | 84,157 |
McLaren Health Care Corp. | ||
Series A | ||
4.39%, 05/15/48 (a) | 50,000 | 59,842 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 300,000 | 347,861 |
5.90%, 11/01/39 | 150,000 | 211,883 |
4.60%, 06/01/44 (a) | 250,000 | 320,246 |
MedStar Health, Inc. | ||
3.63%, 08/15/49 | 100,000 | 108,402 |
Medtronic, Inc. | ||
3.15%, 03/15/22 | 450,000 | 471,926 |
3.63%, 03/15/24 (a) | 350,000 | 385,863 |
3.50%, 03/15/25 | 925,000 | 1,043,719 |
4.38%, 03/15/35 | 800,000 | 1,047,972 |
4.63%, 03/15/45 | 750,000 | 1,011,660 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 30,000 | 41,399 |
4.20%, 07/01/55 | 400,000 | 524,370 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Merck & Co., Inc. | ||
2.35%, 02/10/22 | 400,000 | 412,692 |
2.80%, 05/18/23 | 800,000 | 852,488 |
2.75%, 02/10/25 (a) | 1,550,000 | 1,684,152 |
3.40%, 03/07/29 (a) | 500,000 | 579,310 |
3.90%, 03/07/39 (a) | 350,000 | 434,292 |
2.35%, 06/24/40 (a) | 250,000 | 254,809 |
3.60%, 09/15/42 (a) | 200,000 | 239,194 |
4.15%, 05/18/43 | 450,000 | 578,311 |
3.70%, 02/10/45 (a) | 700,000 | 849,124 |
4.00%, 03/07/49 (a) | 600,000 | 777,612 |
Molson Coors Beverage Co. | ||
2.10%, 07/15/21 (a) | 300,000 | 304,167 |
3.50%, 05/01/22 | 200,000 | 208,755 |
3.00%, 07/15/26 (a) | 590,000 | 613,208 |
5.00%, 05/01/42 | 350,000 | 372,708 |
4.20%, 07/15/46 (a) | 600,000 | 584,541 |
Mondelez International, Inc. | ||
0.63%, 07/01/22 | 175,000 | 174,976 |
3.63%, 05/07/23 (a) | 550,000 | 593,112 |
1.50%, 05/04/25 (a) | 300,000 | 306,024 |
3.63%, 02/13/26 (a) | 200,000 | 225,820 |
4.13%, 05/07/28 (a) | 300,000 | 356,769 |
2.75%, 04/13/30 (a) | 425,000 | 458,851 |
4.63%, 05/07/48 (a) | 150,000 | 196,093 |
Montefiore Obligated Group | ||
4.29%, 09/01/50 | 200,000 | 198,790 |
Mount Sinai Hospitals Group, Inc. | ||
3.74%, 07/01/49 (a) | 350,000 | 376,537 |
Mylan N.V. | ||
3.15%, 06/15/21 (a) | 400,000 | 408,450 |
3.95%, 06/15/26 (a) | 800,000 | 895,312 |
5.25%, 06/15/46 (a) | 300,000 | 370,107 |
Mylan, Inc. | ||
4.20%, 11/29/23 (a) | 200,000 | 218,861 |
4.55%, 04/15/28 (a) | 350,000 | 405,251 |
5.40%, 11/29/43 (a) | 250,000 | 308,174 |
5.20%, 04/15/48 (a) | 250,000 | 308,496 |
New York and Presbyterian Hospital | ||
4.02%, 08/01/45 | 100,000 | 123,380 |
3.95%, 08/01/19 (a) | 450,000 | 485,518 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 200,000 | 213,238 |
4.26%, 11/01/47 (a) | 300,000 | 333,788 |
3.81%, 11/01/49 (a) | 150,000 | 157,776 |
Novartis Capital Corp. | ||
2.40%, 09/21/22 | 650,000 | 677,628 |
3.40%, 05/06/24 | 350,000 | 385,938 |
1.75%, 02/14/25 (a) | 350,000 | 366,247 |
3.00%, 11/20/25 (a) | 750,000 | 833,036 |
2.00%, 02/14/27 (a) | 390,000 | 414,835 |
3.10%, 05/17/27 (a) | 650,000 | 730,792 |
2.20%, 08/14/30 (a) | 500,000 | 529,010 |
4.40%, 05/06/44 | 625,000 | 838,991 |
4.00%, 11/20/45 (a) | 500,000 | 633,370 |
2.75%, 08/14/50 (a) | 450,000 | 478,321 |
NYU Langone Hospitals | ||
4.78%, 07/01/44 | 350,000 | 404,470 |
4.37%, 07/01/47 (a) | 130,000 | 142,832 |
3.38%, 07/01/55 (a) | 200,000 | 196,100 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 100,000 | 110,459 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Partners Healthcare System, Inc. | ||
3.77%, 07/01/48 (a) | 250,000 | 285,749 |
3.19%, 07/01/49 (a) | 100,000 | 107,032 |
3.34%, 07/01/60 (a) | 250,000 | 268,668 |
PeaceHealth Obligated Group | ||
Series 2018 | ||
4.79%, 11/15/48 (a) | 100,000 | 132,934 |
PepsiCo, Inc. | ||
3.00%, 08/25/21 | 300,000 | 309,005 |
1.70%, 10/06/21 (a) | 850,000 | 864,352 |
2.75%, 03/05/22 | 800,000 | 833,200 |
2.25%, 05/02/22 (a) | 200,000 | 206,653 |
2.75%, 03/01/23 | 500,000 | 529,872 |
0.75%, 05/01/23 | 150,000 | 151,283 |
3.60%, 03/01/24 (a) | 500,000 | 551,587 |
2.75%, 04/30/25 (a) | 300,000 | 327,507 |
3.50%, 07/17/25 (a) | 100,000 | 113,369 |
2.38%, 10/06/26 (a) | 250,000 | 272,476 |
2.63%, 03/19/27 (a) | 200,000 | 219,556 |
3.00%, 10/15/27 (a) | 500,000 | 561,645 |
2.63%, 07/29/29 (a) | 550,000 | 609,543 |
2.75%, 03/19/30 (a) | 400,000 | 446,604 |
1.63%, 05/01/30 (a) | 225,000 | 229,500 |
3.50%, 03/19/40 (a) | 500,000 | 593,180 |
3.60%, 08/13/42 | 145,000 | 174,992 |
4.60%, 07/17/45 (a) | 875,000 | 1,185,174 |
4.45%, 04/14/46 (a) | 500,000 | 668,557 |
3.45%, 10/06/46 (a) | 1,000,000 | 1,165,095 |
3.38%, 07/29/49 (a) | 350,000 | 403,685 |
2.88%, 10/15/49 (a) | 250,000 | 272,181 |
3.63%, 03/19/50 (a) | 450,000 | 548,644 |
3.88%, 03/19/60 (a) | 300,000 | 382,404 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29 (a) | 250,000 | 268,061 |
Perrigo Finance Unlimited Co. | ||
3.90%, 12/15/24 (a) | 300,000 | 319,340 |
4.38%, 03/15/26 (a) | 200,000 | 220,438 |
Perrigo Finance UnLtd. Co. | ||
3.15%, 06/15/30 (a) | 250,000 | 253,026 |
4.90%, 12/15/44 (a) | 250,000 | 266,476 |
Pfizer, Inc. | ||
1.95%, 06/03/21 | 500,000 | 507,912 |
3.00%, 09/15/21 | 250,000 | 258,128 |
2.20%, 12/15/21 | 350,000 | 359,205 |
2.80%, 03/11/22 | 96,000 | 99,976 |
3.00%, 06/15/23 | 500,000 | 536,917 |
5.80%, 08/12/23 | 100,000 | 115,760 |
3.20%, 09/15/23 (a) | 500,000 | 541,157 |
2.95%, 03/15/24 (a) | 268,000 | 290,563 |
3.40%, 05/15/24 | 250,000 | 277,494 |
0.80%, 05/28/25 (a) | 500,000 | 502,535 |
2.75%, 06/03/26 | 800,000 | 889,388 |
3.00%, 12/15/26 | 300,000 | 339,158 |
3.60%, 09/15/28 (a) | 250,000 | 295,114 |
3.45%, 03/15/29 (a) | 500,000 | 584,870 |
2.63%, 04/01/30 (a) | 500,000 | 551,435 |
1.70%, 05/28/30 (a) | 250,000 | 254,654 |
4.00%, 12/15/36 | 250,000 | 307,559 |
4.10%, 09/15/38 (a) | 200,000 | 250,053 |
7.20%, 03/15/39 | 650,000 | 1,101,425 |
5.60%, 09/15/40 | 200,000 | 292,082 |
4.30%, 06/15/43 | 150,000 | 193,378 |
4.40%, 05/15/44 | 850,000 | 1,118,345 |
4.13%, 12/15/46 | 1,000,000 | 1,292,270 |
4.20%, 09/15/48 (a) | 300,000 | 391,861 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.00%, 03/15/49 (a) | 150,000 | 192,714 |
2.70%, 05/28/50 (a) | 250,000 | 259,196 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 500,000 | 694,697 |
Philip Morris International, Inc. | ||
2.90%, 11/15/21 | 500,000 | 517,870 |
2.63%, 02/18/22 (a) | 200,000 | 206,286 |
2.38%, 08/17/22 (a) | 500,000 | 518,575 |
2.50%, 08/22/22 | 250,000 | 259,980 |
2.50%, 11/02/22 (a) | 250,000 | 261,138 |
2.63%, 03/06/23 | 150,000 | 158,434 |
2.13%, 05/10/23 (a) | 500,000 | 521,397 |
1.50%, 05/01/25 (a) | 200,000 | 204,797 |
2.75%, 02/25/26 (a) | 230,000 | 250,212 |
3.13%, 03/02/28 (a) | 650,000 | 730,753 |
3.38%, 08/15/29 (a) | 250,000 | 284,696 |
6.38%, 05/16/38 | 650,000 | 981,272 |
4.38%, 11/15/41 | 250,000 | 304,408 |
4.50%, 03/20/42 | 200,000 | 245,195 |
3.88%, 08/21/42 | 250,000 | 285,861 |
4.13%, 03/04/43 | 250,000 | 296,031 |
4.88%, 11/15/43 | 375,000 | 483,847 |
4.25%, 11/10/44 | 400,000 | 485,438 |
Procter & Gamble Co. | ||
1.70%, 11/03/21 | 250,000 | 254,721 |
2.30%, 02/06/22 | 581,000 | 600,002 |
2.15%, 08/11/22 | 500,000 | 519,462 |
2.70%, 02/02/26 | 500,000 | 560,077 |
2.45%, 11/03/26 | 350,000 | 385,712 |
2.80%, 03/25/27 | 200,000 | 223,224 |
3.00%, 03/25/30 | 500,000 | 573,330 |
5.50%, 02/01/34 | 150,000 | 217,058 |
3.55%, 03/25/40 | 300,000 | 361,121 |
3.50%, 10/25/47 | 650,000 | 799,877 |
3.60%, 03/25/50 | 450,000 | 567,016 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 350,000 | 365,809 |
3.74%, 10/01/47 | 112,000 | 126,531 |
3.93%, 10/01/48 (a) | 200,000 | 224,950 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 300,000 | 330,747 |
4.20%, 06/30/29 (a) | 100,000 | 116,771 |
2.95%, 06/30/30 (a) | 300,000 | 318,941 |
2.80%, 06/30/31 (a) | 300,000 | 315,861 |
4.70%, 03/30/45 (a) | 300,000 | 369,274 |
Reynolds American, Inc. | ||
4.00%, 06/12/22 | 300,000 | 316,949 |
4.45%, 06/12/25 (a) | 750,000 | 846,405 |
5.70%, 08/15/35 (a) | 200,000 | 247,532 |
7.25%, 06/15/37 | 375,000 | 497,595 |
6.15%, 09/15/43 | 500,000 | 621,125 |
5.85%, 08/15/45 (a) | 1,250,000 | 1,542,737 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 200,000 | 224,920 |
Sanofi | ||
3.38%, 06/19/23 (a) | 350,000 | 378,952 |
3.63%, 06/19/28 (a) | 250,000 | 295,349 |
Shire Acquisitions Investments Ireland DAC | ||
2.40%, 09/23/21 (a) | 750,000 | 764,640 |
2.88%, 09/23/23 (a) | 1,400,000 | 1,485,309 |
3.20%, 09/23/26 (a) | 800,000 | 889,512 |
Spectrum Health System Obligated Group | ||
3.49%, 07/15/49 (a) | 100,000 | 114,123 |
Stanford Health Care | ||
3.80%, 11/15/48 (a) | 200,000 | 244,707 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Stryker Corp. | ||
3.38%, 05/15/24 (a) | 150,000 | 163,388 |
3.50%, 03/15/26 (a) | 790,000 | 888,221 |
3.65%, 03/07/28 (a) | 150,000 | 174,008 |
1.95%, 06/15/30 (a) | 500,000 | 503,830 |
4.38%, 05/15/44 (a) | 100,000 | 122,215 |
4.63%, 03/15/46 (a) | 400,000 | 519,390 |
2.90%, 06/15/50 (a) | 300,000 | 301,787 |
Sysco Corp. | ||
2.50%, 07/15/21 (a) | 200,000 | 203,476 |
3.55%, 03/15/25 (a) | 600,000 | 647,289 |
3.75%, 10/01/25 (a) | 500,000 | 548,340 |
3.30%, 07/15/26 (a) | 250,000 | 268,099 |
3.25%, 07/15/27 (a) | 200,000 | 212,277 |
2.40%, 02/15/30 (a) | 200,000 | 197,863 |
5.95%, 04/01/30 (a) | 400,000 | 503,466 |
6.60%, 04/01/40 (a) | 200,000 | 271,655 |
4.85%, 10/01/45 (a) | 225,000 | 261,908 |
4.50%, 04/01/46 (a) | 200,000 | 217,242 |
3.30%, 02/15/50 (a) | 300,000 | 284,834 |
6.60%, 04/01/50 (a) | 400,000 | 555,004 |
Takeda Pharmaceutical Co., Ltd. | ||
4.00%, 11/26/21 (a) | 650,000 | 678,301 |
4.40%, 11/26/23 (a) | 250,000 | 278,685 |
5.00%, 11/26/28 (a) | 400,000 | 494,198 |
2.05%, 03/31/30 (a)(g) | 450,000 | 450,151 |
3.03%, 07/09/40 (a)(g) | 300,000 | 302,868 |
3.18%, 07/09/50 (a)(g) | 250,000 | 250,410 |
3.38%, 07/09/60 (a)(g) | 300,000 | 299,694 |
Texas Health Resources | ||
4.33%, 11/15/55 | 100,000 | 131,105 |
Thermo Fisher Scientific, Inc. | ||
3.00%, 04/15/23 (a) | 500,000 | 529,675 |
4.15%, 02/01/24 (a) | 800,000 | 887,192 |
4.13%, 03/25/25 (a) | 300,000 | 342,518 |
3.20%, 08/15/27 (a) | 332,000 | 370,733 |
2.60%, 10/01/29 (a) | 250,000 | 270,776 |
4.50%, 03/25/30 (a) | 300,000 | 370,248 |
5.30%, 02/01/44 (a) | 200,000 | 283,038 |
4.10%, 08/15/47 (a) | 250,000 | 311,624 |
Toledo Hospital | ||
5.33%, 11/15/28 | 75,000 | 80,769 |
5.75%, 11/15/38 (a) | 275,000 | 324,823 |
Trinity Health Corp. | ||
4.13%, 12/01/45 | 225,000 | 269,811 |
Tyson Foods, Inc. | ||
2.25%, 08/23/21 (a) | 150,000 | 152,649 |
4.50%, 06/15/22 (a) | 250,000 | 265,864 |
3.90%, 09/28/23 (a) | 150,000 | 163,749 |
3.95%, 08/15/24 (a) | 150,000 | 166,340 |
4.00%, 03/01/26 (a) | 250,000 | 286,521 |
3.55%, 06/02/27 (a) | 350,000 | 388,796 |
4.35%, 03/01/29 (a) | 260,000 | 307,444 |
4.88%, 08/15/34 (a) | 800,000 | 1,008,168 |
5.15%, 08/15/44 (a) | 125,000 | 159,396 |
4.55%, 06/02/47 (a) | 400,000 | 483,564 |
5.10%, 09/28/48 (a) | 210,000 | 272,683 |
Unilever Capital Corp. | ||
1.38%, 07/28/21 | 500,000 | 505,832 |
2.20%, 05/05/22 (a) | 250,000 | 257,609 |
3.25%, 03/07/24 (a) | 200,000 | 217,935 |
2.60%, 05/05/24 (a) | 450,000 | 481,390 |
2.00%, 07/28/26 | 500,000 | 531,807 |
2.90%, 05/05/27 (a) | 200,000 | 222,972 |
3.50%, 03/22/28 (a) | 550,000 | 635,220 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.13%, 09/06/29 (a) | 400,000 | 423,172 |
5.90%, 11/15/32 | 300,000 | 435,807 |
Upjohn, Inc. | ||
1.65%, 06/22/25 (a)(d) | 100,000 | 101,948 |
4.00%, 06/22/50 (a)(d) | 300,000 | 321,785 |
Whirlpool Corp. | ||
4.85%, 06/15/21 | 250,000 | 260,369 |
4.00%, 03/01/24 | 100,000 | 107,365 |
3.70%, 05/01/25 | 100,000 | 108,705 |
4.75%, 02/26/29 (a) | 250,000 | 296,084 |
4.50%, 06/01/46 (a) | 150,000 | 166,155 |
4.60%, 05/15/50 (a) | 300,000 | 342,540 |
Willis-Knighton Medical Center | ||
4.81%, 09/01/48 (a) | 150,000 | 187,706 |
Wyeth LLC | ||
6.50%, 02/01/34 | 200,000 | 310,846 |
6.00%, 02/15/36 | 150,000 | 220,064 |
5.95%, 04/01/37 | 500,000 | 739,002 |
Zimmer Biomet Holdings, Inc. | ||
3.15%, 04/01/22 (a) | 250,000 | 259,538 |
3.70%, 03/19/23 (a) | 100,000 | 106,488 |
3.55%, 04/01/25 (a) | 600,000 | 653,211 |
3.05%, 01/15/26 (a) | 200,000 | 214,961 |
3.55%, 03/20/30 (a) | 300,000 | 324,498 |
4.45%, 08/15/45 (a) | 299,000 | 322,144 |
Zoetis, Inc. | ||
3.25%, 02/01/23 (a) | 350,000 | 369,670 |
3.00%, 09/12/27 (a) | 500,000 | 552,932 |
3.90%, 08/20/28 (a) | 620,000 | 731,327 |
2.00%, 05/15/30 (a) | 200,000 | 205,921 |
4.70%, 02/01/43 (a) | 300,000 | 395,859 |
4.45%, 08/20/48 (a) | 150,000 | 195,524 |
3.00%, 05/15/50 (a) | 300,000 | 317,747 |
358,624,963 | ||
Energy 2.2% | ||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
2.77%, 12/15/22 (a) | 400,000 | 417,372 |
3.34%, 12/15/27 (a) | 650,000 | 695,480 |
3.14%, 11/07/29 (a) | 200,000 | 209,607 |
4.49%, 05/01/30 (a) | 150,000 | 173,367 |
4.08%, 12/15/47 (a) | 575,000 | 601,191 |
Baker Hughes Holdings LLC | ||
5.13%, 09/15/40 | 150,000 | 185,211 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 330,000 | 355,275 |
4.45%, 07/15/27 (a) | 450,000 | 471,175 |
BP Capital Markets America, Inc. | ||
3.25%, 05/06/22 | 250,000 | 262,228 |
2.52%, 09/19/22 (a) | 200,000 | 207,565 |
2.94%, 04/06/23 | 500,000 | 529,255 |
2.75%, 05/10/23 | 350,000 | 369,731 |
3.22%, 11/28/23 (a) | 400,000 | 429,516 |
3.79%, 02/06/24 (a) | 250,000 | 273,510 |
3.22%, 04/14/24 (a) | 350,000 | 376,696 |
3.19%, 04/06/25 (a) | 300,000 | 327,229 |
3.80%, 09/21/25 (a) | 300,000 | 340,264 |
3.41%, 02/11/26 (a) | 250,000 | 276,975 |
3.12%, 05/04/26 (a) | 350,000 | 382,842 |
3.02%, 01/16/27 (a) | 200,000 | 216,943 |
3.54%, 04/06/27 (a) | 300,000 | 333,910 |
3.59%, 04/14/27 (a) | 150,000 | 167,053 |
3.94%, 09/21/28 (a) | 550,000 | 630,564 |
4.23%, 11/06/28 (a) | 600,000 | 699,681 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.63%, 04/06/30 (a) | 700,000 | 795,294 |
3.00%, 02/24/50 (a) | 650,000 | 638,316 |
BP Capital Markets PLC | ||
3.56%, 11/01/21 | 400,000 | 415,528 |
3.06%, 03/17/22 | 300,000 | 312,135 |
2.50%, 11/06/22 | 300,000 | 312,306 |
3.99%, 09/26/23 | 250,000 | 274,706 |
3.81%, 02/10/24 | 500,000 | 549,627 |
3.54%, 11/04/24 | 300,000 | 330,163 |
3.51%, 03/17/25 | 300,000 | 332,086 |
3.28%, 09/19/27 (a) | 450,000 | 492,615 |
3.72%, 11/28/28 (a) | 250,000 | 283,423 |
Burlington Resources LLC | ||
7.20%, 08/15/31 | 250,000 | 359,879 |
5.95%, 10/15/36 | 250,000 | 339,167 |
Canadian Natural Resources Ltd. | ||
3.45%, 11/15/21 (a) | 110,000 | 112,927 |
2.95%, 01/15/23 (a) | 550,000 | 568,386 |
3.80%, 04/15/24 (a) | 150,000 | 159,816 |
3.90%, 02/01/25 (a) | 100,000 | 107,569 |
3.85%, 06/01/27 (a) | 200,000 | 214,284 |
7.20%, 01/15/32 | 125,000 | 154,440 |
6.45%, 06/30/33 | 150,000 | 181,342 |
6.50%, 02/15/37 | 200,000 | 240,593 |
6.25%, 03/15/38 | 500,000 | 593,742 |
6.75%, 02/01/39 | 150,000 | 182,570 |
4.95%, 06/01/47 (a) | 250,000 | 276,546 |
Cheniere Corpus Christi Holdings LLC | ||
7.00%, 06/30/24 (a) | 625,000 | 712,434 |
5.88%, 03/31/25 (a) | 375,000 | 421,479 |
5.13%, 06/30/27 (a) | 450,000 | 495,115 |
3.70%, 11/15/29 (a)(d) | 450,000 | 460,800 |
Chevron Corp. | ||
2.41%, 03/03/22 (a) | 300,000 | 308,988 |
2.50%, 03/03/22 (a) | 300,000 | 310,157 |
2.36%, 12/05/22 (a) | 299,000 | 311,625 |
1.14%, 05/11/23 | 400,000 | 407,224 |
2.57%, 05/16/23 (a) | 250,000 | 263,721 |
3.19%, 06/24/23 (a) | 1,150,000 | 1,234,226 |
2.90%, 03/03/24 (a) | 1,250,000 | 1,345,606 |
1.55%, 05/11/25 (a) | 600,000 | 617,553 |
2.95%, 05/16/26 (a) | 250,000 | 277,804 |
2.00%, 05/11/27 (a) | 100,000 | 104,634 |
2.24%, 05/11/30 (a) | 500,000 | 526,037 |
2.98%, 05/11/40 (a) | 300,000 | 322,267 |
3.08%, 05/11/50 (a) | 300,000 | 319,246 |
Cimarex Energy Co. | ||
4.38%, 06/01/24 (a) | 250,000 | 264,608 |
3.90%, 05/15/27 (a) | 200,000 | 203,396 |
4.38%, 03/15/29 (a) | 200,000 | 205,787 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 483,000 | 551,941 |
Concho Resources, Inc. | ||
4.38%, 01/15/25 (a) | 100,000 | 103,524 |
4.30%, 08/15/28 (a) | 850,000 | 933,789 |
4.88%, 10/01/47 (a) | 150,000 | 169,931 |
4.85%, 08/15/48 (a) | 275,000 | 312,086 |
Conoco Funding Co. | ||
7.25%, 10/15/31 | 200,000 | 290,582 |
ConocoPhillips | ||
5.90%, 10/15/32 | 100,000 | 137,627 |
ConocoPhillips Co. | ||
4.95%, 03/15/26 (a) | 700,000 | 839,475 |
6.95%, 04/15/29 | 450,000 | 629,145 |
5.90%, 05/15/38 | 250,000 | 342,660 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
6.50%, 02/01/39 | 1,100,000 | 1,603,244 |
4.30%, 11/15/44 (a) | 300,000 | 368,059 |
5.95%, 03/15/46 (a) | 125,000 | 184,496 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 250,000 | 277,804 |
7.95%, 04/15/32 | 100,000 | 116,392 |
5.60%, 07/15/41 (a) | 400,000 | 393,606 |
4.75%, 05/15/42 (a) | 150,000 | 132,553 |
5.00%, 06/15/45 (a) | 550,000 | 492,321 |
Diamondback Energy, Inc. | ||
2.88%, 12/01/24 (a) | 300,000 | 300,347 |
4.75%, 05/31/25 (a) | 225,000 | 241,279 |
5.38%, 05/31/25 (a) | 300,000 | 310,634 |
3.25%, 12/01/26 (a) | 300,000 | 301,166 |
3.50%, 12/01/29 (a) | 300,000 | 290,838 |
Dominion Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 150,000 | 158,824 |
3.60%, 12/15/24 (a) | 300,000 | 329,673 |
3.00%, 11/15/29 (a) | 200,000 | 214,519 |
4.80%, 11/01/43 (a) | 400,000 | 467,854 |
Enable Midstream Partners LP | ||
3.90%, 05/15/24 (a) | 100,000 | 98,104 |
4.40%, 03/15/27 (a) | 250,000 | 232,758 |
4.95%, 05/15/28 (a) | 250,000 | 232,069 |
4.15%, 09/15/29 (a) | 300,000 | 262,179 |
5.00%, 05/15/44 (a) | 150,000 | 121,241 |
Enbridge Energy Partners LP | ||
4.20%, 09/15/21 (a) | 250,000 | 257,833 |
5.88%, 10/15/25 (a) | 150,000 | 179,225 |
7.50%, 04/15/38 | 100,000 | 133,206 |
5.50%, 09/15/40 (a) | 200,000 | 242,669 |
7.38%, 10/15/45 (a) | 150,000 | 210,663 |
Enbridge, Inc. | ||
4.00%, 10/01/23 (a) | 250,000 | 271,419 |
2.50%, 01/15/25 (a) | 150,000 | 156,994 |
4.25%, 12/01/26 (a) | 850,000 | 968,001 |
3.70%, 07/15/27 (a) | 475,000 | 524,979 |
3.13%, 11/15/29 (a) | 350,000 | 366,452 |
4.50%, 06/10/44 (a) | 150,000 | 171,824 |
5.50%, 12/01/46 (a) | 150,000 | 193,877 |
4.00%, 11/15/49 (a) | 150,000 | 163,234 |
Energy Transfer Operating LP | ||
5.20%, 02/01/22 (a) | 1,450,000 | 1,523,450 |
4.25%, 03/15/23 (a) | 250,000 | 263,558 |
5.88%, 01/15/24 (a) | 900,000 | 1,004,697 |
4.90%, 02/01/24 (a) | 250,000 | 271,731 |
4.05%, 03/15/25 (a) | 200,000 | 212,781 |
2.90%, 05/15/25 (a) | 350,000 | 359,098 |
4.75%, 01/15/26 (a) | 350,000 | 382,349 |
4.20%, 04/15/27 (a) | 250,000 | 262,066 |
5.50%, 06/01/27 (a) | 350,000 | 391,547 |
5.25%, 04/15/29 (a) | 300,000 | 328,035 |
3.75%, 05/15/30 (a) | 500,000 | 497,752 |
4.90%, 03/15/35 (a) | 550,000 | 556,688 |
6.63%, 10/15/36 | 325,000 | 359,822 |
7.50%, 07/01/38 | 500,000 | 598,857 |
6.05%, 06/01/41 (a) | 350,000 | 368,678 |
6.50%, 02/01/42 (a) | 600,000 | 656,385 |
5.15%, 02/01/43 (a) | 100,000 | 94,437 |
5.95%, 10/01/43 (a) | 48,000 | 48,899 |
5.15%, 03/15/45 (a) | 250,000 | 237,959 |
6.13%, 12/15/45 (a) | 350,000 | 366,567 |
5.30%, 04/15/47 (a) | 250,000 | 249,936 |
6.00%, 06/15/48 (a) | 350,000 | 369,859 |
6.25%, 04/15/49 (a) | 500,000 | 533,712 |
5.00%, 05/15/50 (a) | 650,000 | 617,682 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Energy Transfer Partners LP/ Regency Energy Finance Corp. | ||
4.50%, 11/01/23 (a) | 300,000 | 321,705 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 150,000 | 189,311 |
Enterprise Products Operating LLC | ||
3.50%, 02/01/22 | 150,000 | 156,605 |
3.35%, 03/15/23 (a) | 550,000 | 583,649 |
3.90%, 02/15/24 (a) | 400,000 | 438,354 |
3.75%, 02/15/25 (a) | 300,000 | 332,770 |
3.70%, 02/15/26 (a) | 150,000 | 169,248 |
3.95%, 02/15/27 (a) | 325,000 | 372,175 |
4.15%, 10/16/28 (a) | 400,000 | 457,078 |
3.13%, 07/31/29 (a) | 650,000 | 698,275 |
2.80%, 01/31/30 (a) | 325,000 | 339,406 |
6.65%, 10/15/34 | 250,000 | 338,030 |
7.55%, 04/15/38 | 150,000 | 209,937 |
6.13%, 10/15/39 | 250,000 | 319,857 |
6.45%, 09/01/40 | 70,000 | 93,624 |
5.95%, 02/01/41 | 100,000 | 128,177 |
5.70%, 02/15/42 | 150,000 | 187,691 |
4.85%, 08/15/42 (a) | 300,000 | 349,914 |
4.45%, 02/15/43 (a) | 300,000 | 335,160 |
4.85%, 03/15/44 (a) | 400,000 | 465,088 |
5.10%, 02/15/45 (a) | 350,000 | 416,139 |
4.90%, 05/15/46 (a) | 400,000 | 468,926 |
4.25%, 02/15/48 (a) | 500,000 | 551,012 |
4.80%, 02/01/49 (a) | 450,000 | 538,918 |
4.20%, 01/31/50 (a) | 500,000 | 558,885 |
3.70%, 01/31/51 (a) | 325,000 | 340,467 |
4.95%, 10/15/54 (a) | 225,000 | 255,923 |
3.95%, 01/31/60 (a) | 325,000 | 338,981 |
4.88%, 08/16/77 (a)(b) | 200,000 | 174,998 |
5.25%, 08/16/77 (a)(b) | 335,000 | 314,882 |
5.38%, 02/15/78 (a)(b) | 235,000 | 212,354 |
EOG Resources, Inc. | ||
2.63%, 03/15/23 (a) | 500,000 | 524,120 |
3.15%, 04/01/25 (a) | 250,000 | 273,809 |
4.15%, 01/15/26 (a) | 50,000 | 57,596 |
4.38%, 04/15/30 (a) | 300,000 | 358,467 |
3.90%, 04/01/35 (a) | 165,000 | 193,779 |
4.95%, 04/15/50 (a) | 300,000 | 383,337 |
Equinor A.S.A. | ||
1.75%, 01/22/26 (a) | 450,000 | 461,720 |
Exxon Mobil Corp. | ||
2.40%, 03/06/22 (a) | 450,000 | 464,211 |
1.90%, 08/16/22 | 350,000 | 360,374 |
2.73%, 03/01/23 (a) | 400,000 | 421,140 |
1.57%, 04/15/23 | 1,000,000 | 1,026,775 |
3.18%, 03/15/24 (a) | 250,000 | 271,860 |
2.02%, 08/16/24 (a) | 375,000 | 391,787 |
2.71%, 03/06/25 (a) | 600,000 | 644,403 |
2.99%, 03/19/25 (a) | 800,000 | 870,460 |
3.04%, 03/01/26 (a) | 400,000 | 439,916 |
2.28%, 08/16/26 (a) | 800,000 | 852,092 |
2.44%, 08/16/29 (a) | 400,000 | 425,716 |
3.48%, 03/19/30 (a) | 650,000 | 742,797 |
2.61%, 10/15/30 (a) | 1,000,000 | 1,073,145 |
3.00%, 08/16/39 (a) | 250,000 | 264,365 |
4.23%, 03/19/40 (a) | 400,000 | 484,706 |
3.57%, 03/06/45 (a) | 400,000 | 447,298 |
4.11%, 03/01/46 (a) | 850,000 | 1,024,607 |
3.10%, 08/16/49 (a) | 700,000 | 726,341 |
4.33%, 03/19/50 (a) | 900,000 | 1,128,091 |
3.45%, 04/15/51 (a) | 900,000 | 998,181 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Halliburton Co. | ||
3.50%, 08/01/23 (a) | 350,000 | 366,938 |
3.80%, 11/15/25 (a) | 500,000 | 540,242 |
2.92%, 03/01/30 (a) | 300,000 | 284,778 |
4.85%, 11/15/35 (a) | 375,000 | 394,706 |
6.70%, 09/15/38 | 250,000 | 296,790 |
7.45%, 09/15/39 | 400,000 | 511,876 |
4.50%, 11/15/41 (a) | 150,000 | 144,023 |
4.75%, 08/01/43 (a) | 250,000 | 246,968 |
5.00%, 11/15/45 (a) | 600,000 | 619,827 |
Helmerich & Payne, Inc. | ||
4.65%, 03/15/25 (a) | 200,000 | 215,937 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 200,000 | 207,418 |
7.88%, 10/01/29 | 200,000 | 240,314 |
7.30%, 08/15/31 | 413,000 | 481,878 |
7.13%, 03/15/33 | 300,000 | 350,754 |
6.00%, 01/15/40 | 100,000 | 107,906 |
5.60%, 02/15/41 | 500,000 | 525,360 |
5.80%, 04/01/47 (a) | 50,000 | 54,264 |
HollyFrontier Corp. | ||
5.88%, 04/01/26 (a) | 260,000 | 286,727 |
Husky Energy, Inc. | ||
3.95%, 04/15/22 (a) | 350,000 | 358,438 |
6.80%, 09/15/37 | 350,000 | 402,824 |
Kinder Morgan Energy Partners LP | ||
5.00%, 10/01/21 (a) | 150,000 | 155,982 |
3.95%, 09/01/22 (a) | 200,000 | 211,087 |
3.45%, 02/15/23 (a) | 1,100,000 | 1,159,097 |
3.50%, 09/01/23 (a) | 250,000 | 266,715 |
4.15%, 02/01/24 (a) | 200,000 | 217,381 |
4.30%, 05/01/24 (a) | 300,000 | 328,827 |
5.80%, 03/15/35 | 100,000 | 116,334 |
6.50%, 02/01/37 | 200,000 | 255,822 |
6.95%, 01/15/38 | 150,000 | 199,891 |
6.55%, 09/15/40 | 100,000 | 130,156 |
7.50%, 11/15/40 | 150,000 | 205,741 |
6.38%, 03/01/41 | 200,000 | 252,630 |
5.63%, 09/01/41 | 150,000 | 178,102 |
5.00%, 08/15/42 (a) | 1,100,000 | 1,243,825 |
4.70%, 11/01/42 (a) | 300,000 | 326,982 |
5.00%, 03/01/43 (a) | 350,000 | 388,570 |
5.50%, 03/01/44 (a) | 50,000 | 59,425 |
5.40%, 09/01/44 (a) | 400,000 | 474,444 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 750,000 | 843,585 |
4.30%, 03/01/28 (a) | 740,000 | 839,304 |
7.80%, 08/01/31 | 500,000 | 678,895 |
5.55%, 06/01/45 (a) | 700,000 | 855,295 |
5.20%, 03/01/48 (a) | 196,000 | 236,009 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 250,000 | 265,126 |
5.15%, 10/15/43 (a) | 400,000 | 447,352 |
4.25%, 09/15/46 (a) | 100,000 | 104,375 |
4.20%, 10/03/47 (a) | 200,000 | 209,164 |
4.85%, 02/01/49 (a) | 99,000 | 112,564 |
3.95%, 03/01/50 (a) | 150,000 | 151,232 |
Marathon Oil Corp. | ||
2.80%, 11/01/22 (a) | 550,000 | 555,890 |
3.85%, 06/01/25 (a) | 200,000 | 202,815 |
4.40%, 07/15/27 (a) | 350,000 | 346,302 |
6.80%, 03/15/32 | 38,000 | 40,639 |
6.60%, 10/01/37 | 450,000 | 463,405 |
Marathon Petroleum Corp. | ||
4.50%, 05/01/23 (a) | 400,000 | 431,284 |
4.75%, 12/15/23 (a) | 200,000 | 219,761 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.63%, 09/15/24 (a) | 350,000 | 372,942 |
4.70%, 05/01/25 (a) | 400,000 | 448,520 |
5.13%, 12/15/26 (a) | 100,000 | 116,257 |
3.80%, 04/01/28 (a) | 450,000 | 479,041 |
6.50%, 03/01/41 (a) | 400,000 | 498,006 |
4.75%, 09/15/44 (a) | 250,000 | 264,771 |
4.50%, 04/01/48 (a) | 150,000 | 155,168 |
5.00%, 09/15/54 (a) | 50,000 | 51,939 |
MPLX LP | ||
3.50%, 12/01/22 (a) | 250,000 | 260,429 |
3.38%, 03/15/23 (a) | 100,000 | 104,838 |
4.50%, 07/15/23 (a) | 300,000 | 323,593 |
6.38%, 05/01/24 (a) | 250,000 | 258,430 |
4.88%, 12/01/24 (a) | 450,000 | 500,517 |
5.25%, 01/15/25 (a) | 200,000 | 208,545 |
4.00%, 02/15/25 (a) | 250,000 | 268,645 |
4.88%, 06/01/25 (a) | 200,000 | 223,562 |
4.13%, 03/01/27 (a) | 450,000 | 481,216 |
4.25%, 12/01/27 (a) | 396,000 | 431,254 |
4.00%, 03/15/28 (a) | 325,000 | 344,188 |
4.80%, 02/15/29 (a) | 500,000 | 557,040 |
4.50%, 04/15/38 (a) | 500,000 | 500,642 |
5.20%, 03/01/47 (a) | 300,000 | 325,560 |
5.20%, 12/01/47 (a) | 150,000 | 155,286 |
4.70%, 04/15/48 (a) | 600,000 | 611,916 |
5.50%, 02/15/49 (a) | 325,000 | 361,012 |
4.90%, 04/15/58 (a) | 117,000 | 116,505 |
National Fuel Gas Co. | ||
3.75%, 03/01/23 (a) | 200,000 | 204,674 |
5.20%, 07/15/25 (a) | 150,000 | 160,804 |
5.50%, 01/15/26 (a) | 150,000 | 159,694 |
3.95%, 09/15/27 (a) | 150,000 | 147,870 |
4.75%, 09/01/28 (a) | 200,000 | 204,356 |
National Oilwell Varco, Inc. | ||
2.60%, 12/01/22 (a) | 72,000 | 72,527 |
3.60%, 12/01/29 (a) | 200,000 | 196,703 |
3.95%, 12/01/42 (a) | 300,000 | 255,537 |
Newfield Exploration Co. | ||
5.75%, 01/30/22 | 250,000 | 250,526 |
5.63%, 07/01/24 | 250,000 | 240,559 |
5.38%, 01/01/26 (a) | 250,000 | 235,593 |
Noble Energy, Inc. | ||
3.90%, 11/15/24 (a) | 170,000 | 170,983 |
3.85%, 01/15/28 (a) | 250,000 | 242,499 |
3.25%, 10/15/29 (a) | 200,000 | 182,327 |
6.00%, 03/01/41 (a) | 250,000 | 244,094 |
5.25%, 11/15/43 (a) | 300,000 | 281,426 |
5.05%, 11/15/44 (a) | 350,000 | 319,077 |
4.95%, 08/15/47 (a) | 100,000 | 90,462 |
4.20%, 10/15/49 (a) | 150,000 | 126,122 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 200,000 | 219,740 |
ONEOK Partners LP | ||
3.38%, 10/01/22 (a) | 400,000 | 414,152 |
5.00%, 09/15/23 (a) | 150,000 | 162,644 |
4.90%, 03/15/25 (a) | 200,000 | 218,360 |
6.65%, 10/01/36 | 150,000 | 169,009 |
6.85%, 10/15/37 | 150,000 | 169,867 |
6.13%, 02/01/41 (a) | 50,000 | 55,107 |
ONEOK, Inc. | ||
7.50%, 09/01/23 (a) | 200,000 | 230,996 |
2.75%, 09/01/24 (a) | 250,000 | 252,555 |
2.20%, 09/15/25 (a) | 200,000 | 196,512 |
5.85%, 01/15/26 (a) | 200,000 | 228,730 |
4.55%, 07/15/28 (a) | 525,000 | 551,528 |
4.35%, 03/15/29 (a) | 250,000 | 263,874 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.40%, 09/01/29 (a) | 250,000 | 243,718 |
3.10%, 03/15/30 (a) | 200,000 | 191,824 |
6.35%, 01/15/31 (a) | 250,000 | 294,441 |
4.95%, 07/13/47 (a) | 225,000 | 217,500 |
5.20%, 07/15/48 (a) | 750,000 | 766,912 |
4.45%, 09/01/49 (a) | 250,000 | 230,823 |
7.15%, 01/15/51 (a) | 150,000 | 183,129 |
Ovintiv, Inc. | ||
3.90%, 11/15/21 (a) | 100,000 | 99,612 |
8.13%, 09/15/30 | 37,000 | 35,202 |
7.20%, 11/01/31 | 200,000 | 181,464 |
7.38%, 11/01/31 | 250,000 | 232,271 |
6.50%, 08/15/34 | 150,000 | 134,042 |
6.63%, 08/15/37 | 200,000 | 173,938 |
6.50%, 02/01/38 | 300,000 | 255,629 |
Phillips 66 | ||
4.30%, 04/01/22 | 550,000 | 584,540 |
3.85%, 04/09/25 (a) | 750,000 | 834,982 |
3.90%, 03/15/28 (a) | 200,000 | 226,479 |
2.15%, 12/15/30 (a) | 250,000 | 243,226 |
4.65%, 11/15/34 (a) | 250,000 | 298,894 |
5.88%, 05/01/42 | 400,000 | 550,560 |
4.88%, 11/15/44 (a) | 650,000 | 805,763 |
Phillips 66 Partners LP | ||
3.61%, 02/15/25 (a) | 500,000 | 538,282 |
3.75%, 03/01/28 (a) | 75,000 | 80,250 |
3.15%, 12/15/29 (a) | 200,000 | 206,585 |
4.68%, 02/15/45 (a) | 50,000 | 54,053 |
4.90%, 10/01/46 (a) | 275,000 | 303,321 |
Plains All American Pipeline LP | ||
6.65%, 01/15/37 | 100,000 | 111,235 |
4.30%, 01/31/43 (a) | 700,000 | 605,748 |
4.90%, 02/15/45 (a) | 200,000 | 187,340 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.65%, 06/01/22 (a) | 200,000 | 204,479 |
3.85%, 10/15/23 (a) | 150,000 | 155,745 |
4.65%, 10/15/25 (a) | 750,000 | 802,084 |
4.50%, 12/15/26 (a) | 410,000 | 435,699 |
3.55%, 12/15/29 (a) | 100,000 | 97,208 |
3.80%, 09/15/30 (a) | 250,000 | 245,559 |
4.70%, 06/15/44 (a) | 150,000 | 136,257 |
Sabine Pass Liquefaction LLC | ||
6.25%, 03/15/22 (a) | 150,000 | 159,942 |
5.63%, 04/15/23 (a) | 750,000 | 820,912 |
5.75%, 05/15/24 (a) | 775,000 | 874,332 |
5.63%, 03/01/25 (a) | 750,000 | 861,120 |
5.88%, 06/30/26 (a) | 200,000 | 235,460 |
5.00%, 03/15/27 (a) | 600,000 | 670,983 |
4.20%, 03/15/28 (a) | 450,000 | 485,156 |
4.50%, 05/15/30 (a)(d) | 525,000 | 583,131 |
Schlumberger Investment S.A. | ||
3.65%, 12/01/23 (a) | 500,000 | 537,225 |
2.65%, 06/26/30 (a) | 250,000 | 254,300 |
Shell International Finance BV | ||
1.75%, 09/12/21 | 250,000 | 253,544 |
2.25%, 01/06/23 | 600,000 | 626,067 |
3.40%, 08/12/23 | 750,000 | 811,856 |
2.00%, 11/07/24 (a) | 300,000 | 314,362 |
2.38%, 04/06/25 (a) | 300,000 | 319,017 |
3.25%, 05/11/25 | 1,400,000 | 1,551,900 |
2.88%, 05/10/26 | 500,000 | 549,675 |
2.50%, 09/12/26 | 200,000 | 216,118 |
3.88%, 11/13/28 (a) | 500,000 | 582,930 |
2.38%, 11/07/29 (a) | 475,000 | 499,885 |
2.75%, 04/06/30 (a) | 500,000 | 543,330 |
4.13%, 05/11/35 | 850,000 | 1,035,937 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
6.38%, 12/15/38 | 1,500,000 | 2,264,250 |
3.63%, 08/21/42 | 150,000 | 165,005 |
4.55%, 08/12/43 | 1,025,000 | 1,285,668 |
4.38%, 05/11/45 | 250,000 | 307,216 |
4.00%, 05/10/46 | 675,000 | 795,639 |
3.75%, 09/12/46 | 400,000 | 461,420 |
3.13%, 11/07/49 (a) | 350,000 | 367,929 |
3.25%, 04/06/50 (a) | 250,000 | 268,085 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 300,000 | 335,598 |
5.95%, 09/25/43 (a) | 350,000 | 460,880 |
4.50%, 03/15/45 (a) | 100,000 | 113,710 |
Suncor Energy, Inc. | ||
2.80%, 05/15/23 | 150,000 | 156,698 |
3.60%, 12/01/24 (a) | 250,000 | 271,591 |
3.10%, 05/15/25 (a) | 150,000 | 160,358 |
5.35%, 07/15/33 | 200,000 | 225,036 |
5.95%, 12/01/34 | 250,000 | 300,733 |
5.95%, 05/15/35 | 350,000 | 418,722 |
6.80%, 05/15/38 | 350,000 | 456,603 |
6.50%, 06/15/38 | 400,000 | 508,578 |
6.85%, 06/01/39 | 150,000 | 197,136 |
4.00%, 11/15/47 (a) | 250,000 | 259,496 |
Sunoco Logistics Partners Operations LP | ||
3.45%, 01/15/23 (a) | 200,000 | 206,942 |
4.25%, 04/01/24 (a) | 250,000 | 266,986 |
4.00%, 10/01/27 (a) | 200,000 | 204,893 |
4.95%, 01/15/43 (a) | 250,000 | 230,175 |
5.30%, 04/01/44 (a) | 150,000 | 145,427 |
5.35%, 05/15/45 (a) | 200,000 | 195,732 |
5.40%, 10/01/47 (a) | 200,000 | 196,935 |
TC PipeLines LP | ||
4.65%, 06/15/21 (a) | 200,000 | 204,842 |
4.38%, 03/13/25 (a) | 200,000 | 215,485 |
Total Capital Canada Ltd. | ||
2.75%, 07/15/23 | 450,000 | 479,288 |
Total Capital International S.A. | ||
2.75%, 06/19/21 | 300,000 | 306,779 |
2.22%, 07/12/21 (a) | 250,000 | 254,344 |
2.88%, 02/17/22 | 300,000 | 311,365 |
2.70%, 01/25/23 | 250,000 | 263,476 |
3.70%, 01/15/24 | 500,000 | 549,712 |
3.75%, 04/10/24 | 500,000 | 553,410 |
2.43%, 01/10/25 (a) | 300,000 | 318,871 |
3.46%, 02/19/29 (a) | 656,000 | 744,180 |
2.83%, 01/10/30 (a) | 375,000 | 407,912 |
2.99%, 06/29/41 (a) | 300,000 | 307,095 |
3.46%, 07/12/49 (a) | 300,000 | 326,716 |
3.13%, 05/29/50 (a) | 800,000 | 821,944 |
3.39%, 06/29/60 (a) | 300,000 | 307,910 |
Total Capital S.A. | ||
3.88%, 10/11/28 | 175,000 | 203,194 |
TransCanada PipeLines Ltd. | ||
2.50%, 08/01/22 | 195,000 | 201,284 |
3.75%, 10/16/23 (a) | 300,000 | 325,152 |
4.88%, 01/15/26 (a) | 350,000 | 413,618 |
4.25%, 05/15/28 (a) | 600,000 | 688,020 |
4.10%, 04/15/30 (a) | 150,000 | 171,462 |
4.63%, 03/01/34 (a) | 650,000 | 754,325 |
6.20%, 10/15/37 | 250,000 | 335,970 |
4.75%, 05/15/38 (a) | 200,000 | 237,301 |
7.25%, 08/15/38 | 100,000 | 147,964 |
7.63%, 01/15/39 | 550,000 | 849,527 |
6.10%, 06/01/40 | 450,000 | 598,306 |
5.00%, 10/16/43 (a) | 250,000 | 299,981 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.88%, 05/15/48 (a) | 350,000 | 433,890 |
5.10%, 03/15/49 (a) | 450,000 | 575,748 |
Transcanada Trust | ||
5.50%, 09/15/79 (a)(b) | 200,000 | 199,729 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 326,405 |
3.25%, 05/15/30 (a)(d) | 250,000 | 267,570 |
5.40%, 08/15/41 (a) | 150,000 | 180,608 |
4.45%, 08/01/42 (a) | 100,000 | 109,851 |
4.60%, 03/15/48 (a) | 200,000 | 230,168 |
Valero Energy Corp. | ||
2.70%, 04/15/23 | 250,000 | 259,594 |
3.65%, 03/15/25 | 173,000 | 188,493 |
2.85%, 04/15/25 (a) | 400,000 | 423,110 |
3.40%, 09/15/26 (a) | 450,000 | 492,961 |
4.35%, 06/01/28 (a) | 200,000 | 226,498 |
4.00%, 04/01/29 (a) | 250,000 | 278,959 |
7.50%, 04/15/32 | 150,000 | 208,913 |
6.63%, 06/15/37 | 550,000 | 724,270 |
4.90%, 03/15/45 | 400,000 | 471,522 |
Valero Energy Partners LP | ||
4.38%, 12/15/26 (a) | 100,000 | 114,022 |
4.50%, 03/15/28 (a) | 150,000 | 173,215 |
Williams Cos., Inc. | ||
3.60%, 03/15/22 (a) | 1,200,000 | 1,246,758 |
4.30%, 03/04/24 (a) | 150,000 | 164,237 |
4.55%, 06/24/24 (a) | 300,000 | 333,022 |
3.90%, 01/15/25 (a) | 487,000 | 532,603 |
4.00%, 09/15/25 (a) | 150,000 | 166,196 |
3.75%, 06/15/27 (a) | 750,000 | 803,314 |
3.50%, 11/15/30 (a) | 350,000 | 367,563 |
8.75%, 03/15/32 | 500,000 | 732,225 |
6.30%, 04/15/40 | 600,000 | 733,521 |
5.80%, 11/15/43 (a) | 300,000 | 345,721 |
4.90%, 01/15/45 (a) | 150,000 | 162,075 |
5.10%, 09/15/45 (a) | 500,000 | 549,410 |
4.85%, 03/01/48 (a) | 300,000 | 328,089 |
172,142,895 | ||
Industrial Other 0.1% | ||
Boston University | ||
4.06%, 10/01/48 (a) | 230,000 | 292,263 |
California Institute of Technology | ||
4.70%, 11/01/11 | 300,000 | 429,693 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 350,000 | 399,899 |
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 550,000 | 625,900 |
Duke University | ||
2.68%, 10/01/44 | 150,000 | 157,754 |
George Washington University | ||
4.87%, 09/15/45 | 150,000 | 203,727 |
4.13%, 09/15/48 (a) | 510,000 | 626,127 |
Georgetown University | ||
4.32%, 04/01/49 (a) | 26,000 | 33,557 |
2.94%, 04/01/50 | 225,000 | 225,559 |
5.22%, 10/01/18 (a) | 100,000 | 138,108 |
Howmet Aerospace Inc | ||
5.95%, 02/01/37 | 200,000 | 206,843 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 125,000 | 164,083 |
Leland Stanford Junior University | ||
3.65%, 05/01/48 (a) | 250,000 | 319,604 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Massachusetts Institute of Technology | ||
2.99%, 07/01/50 (a) | 100,000 | 114,184 |
5.60%, 07/01/11 | 315,000 | 562,409 |
4.68%, 07/01/14 | 300,000 | 451,042 |
3.89%, 07/01/16 | 200,000 | 249,973 |
Northeastern University | ||
2.89%, 10/01/50 (g) | 100,000 | 101,723 |
Northwestern University | ||
4.64%, 12/01/44 | 200,000 | 270,382 |
2.64%, 12/01/50 (a) | 250,000 | 258,676 |
President and Fellows of Harvard College | ||
4.88%, 10/15/40 | 50,000 | 69,944 |
3.15%, 07/15/46 (a) | 107,000 | 124,461 |
2.52%, 10/15/50 (a) | 150,000 | 158,219 |
3.30%, 07/15/56 (a) | 300,000 | 367,201 |
Steelcase, Inc. | ||
5.13%, 01/18/29 (a) | 150,000 | 160,025 |
The American University | ||
3.67%, 04/01/49 | 100,000 | 111,023 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 200,000 | 228,508 |
Trustees of Princeton University | ||
5.70%, 03/01/39 | 250,000 | 391,080 |
Trustees of the University of Pennsylvania | ||
3.61%, 02/15/19 (a) | 150,000 | 176,043 |
University of Notre Dame du Lac | ||
3.39%, 02/15/48 (a) | 249,000 | 295,163 |
University of Southern California | ||
3.03%, 10/01/39 | 500,000 | 547,490 |
3.84%, 10/01/47 (a) | 400,000 | 498,576 |
3.23%, 10/01/20 (a) | 250,000 | 261,430 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 300,000 | 355,417 |
3.77%, 05/15/55 | 100,000 | 123,800 |
9,699,886 | ||
Technology 2.5% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 150,000 | 158,523 |
3.25%, 02/01/25 (a) | 430,000 | 478,627 |
2.15%, 02/01/27 (a) | 300,000 | 322,559 |
2.30%, 02/01/30 (a) | 450,000 | 486,268 |
Agilent Technologies, Inc. | ||
3.88%, 07/15/23 (a) | 200,000 | 217,220 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 450,000 | 495,988 |
2.00%, 08/15/26 (a) | 500,000 | 536,350 |
Altera Corp. | ||
4.10%, 11/15/23 | 200,000 | 222,811 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 250,000 | 247,950 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 200,000 | 208,523 |
4.35%, 06/01/29 (a) | 250,000 | 298,566 |
2.80%, 02/15/30 (a) | 250,000 | 268,246 |
Analog Devices, Inc. | ||
2.50%, 12/05/21 (a) | 250,000 | 256,636 |
3.13%, 12/05/23 (a) | 200,000 | 215,614 |
2.95%, 04/01/25 (a) | 250,000 | 270,748 |
3.90%, 12/15/25 (a) | 300,000 | 340,932 |
5.30%, 12/15/45 (a) | 290,000 | 397,523 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Apple, Inc. | ||
2.15%, 02/09/22 | 600,000 | 617,463 |
2.50%, 02/09/22 (a) | 1,150,000 | 1,188,657 |
2.70%, 05/13/22 | 500,000 | 522,130 |
1.70%, 09/11/22 | 300,000 | 309,021 |
2.10%, 09/12/22 (a) | 100,000 | 103,693 |
2.40%, 01/13/23 (a) | 1,000,000 | 1,052,085 |
2.85%, 02/23/23 (a) | 500,000 | 530,667 |
2.40%, 05/03/23 | 1,850,000 | 1,957,004 |
0.75%, 05/11/23 | 625,000 | 630,881 |
3.00%, 02/09/24 (a) | 450,000 | 487,285 |
3.45%, 05/06/24 | 1,150,000 | 1,272,699 |
2.85%, 05/11/24 (a) | 650,000 | 702,318 |
1.80%, 09/11/24 (a) | 250,000 | 262,108 |
2.75%, 01/13/25 (a) | 500,000 | 543,712 |
2.50%, 02/09/25 | 500,000 | 540,042 |
1.13%, 05/11/25 (a) | 750,000 | 765,709 |
3.20%, 05/13/25 | 600,000 | 670,188 |
3.25%, 02/23/26 (a) | 850,000 | 954,864 |
2.45%, 08/04/26 (a) | 1,000,000 | 1,087,015 |
2.05%, 09/11/26 (a) | 600,000 | 640,938 |
3.35%, 02/09/27 (a) | 475,000 | 539,683 |
3.20%, 05/11/27 (a) | 550,000 | 623,650 |
3.00%, 06/20/27 (a) | 500,000 | 560,845 |
2.90%, 09/12/27 (a) | 550,000 | 615,642 |
3.00%, 11/13/27 (a) | 500,000 | 563,280 |
2.20%, 09/11/29 (a) | 550,000 | 590,733 |
1.65%, 05/11/30 (a) | 550,000 | 563,079 |
4.50%, 02/23/36 (a) | 250,000 | 334,084 |
3.85%, 05/04/43 | 1,000,000 | 1,238,545 |
4.45%, 05/06/44 | 230,000 | 308,132 |
3.45%, 02/09/45 | 650,000 | 759,782 |
4.38%, 05/13/45 | 1,000,000 | 1,326,085 |
4.65%, 02/23/46 (a) | 200,000 | 275,700 |
3.85%, 08/04/46 (a) | 238,000 | 296,632 |
4.25%, 02/09/47 (a) | 1,600,000 | 2,092,728 |
3.75%, 09/12/47 (a) | 500,000 | 615,482 |
3.75%, 11/13/47 (a) | 469,000 | 578,136 |
2.95%, 09/11/49 (a) | 450,000 | 493,173 |
2.65%, 05/11/50 (a) | 700,000 | 736,148 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 750,000 | 862,639 |
3.30%, 04/01/27 (a) | 500,000 | 571,450 |
1.75%, 06/01/30 (a) | 250,000 | 256,020 |
5.10%, 10/01/35 (a) | 100,000 | 138,910 |
5.85%, 06/15/41 | 150,000 | 221,300 |
4.35%, 04/01/47 (a) | 100,000 | 129,569 |
2.75%, 06/01/50 (a) | 300,000 | 306,420 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 400,000 | 423,778 |
3.88%, 01/12/28 (a) | 225,000 | 237,753 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 500,000 | 567,725 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 350,000 | 393,846 |
Baidu, Inc. | ||
2.88%, 07/06/22 | 500,000 | 512,327 |
3.50%, 11/28/22 | 200,000 | 209,013 |
3.88%, 09/29/23 (a) | 750,000 | 799,211 |
4.38%, 05/14/24 (a) | 350,000 | 381,528 |
4.13%, 06/30/25 | 200,000 | 220,039 |
3.63%, 07/06/27 | 400,000 | 432,054 |
4.38%, 03/29/28 (a) | 250,000 | 282,401 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.63%, 01/15/24 (a) | 900,000 | 968,787 |
3.13%, 01/15/25 (a) | 250,000 | 267,188 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.88%, 01/15/27 (a) | 1,700,000 | 1,839,145 |
3.50%, 01/15/28 (a) | 350,000 | 370,860 |
Broadcom, Inc. | ||
2.25%, 11/15/23 (d) | 600,000 | 620,478 |
3.63%, 10/15/24 (a)(d) | 500,000 | 544,312 |
4.70%, 04/15/25 (a)(d) | 800,000 | 902,496 |
3.15%, 11/15/25 (a)(d) | 620,000 | 660,808 |
4.25%, 04/15/26 (a)(d) | 500,000 | 557,207 |
3.46%, 09/15/26 (a)(d) | 504,000 | 541,248 |
4.11%, 09/15/28 (a) | 1,417,000 | 1,550,722 |
4.75%, 04/15/29 (a)(d) | 850,000 | 966,492 |
5.00%, 04/15/30 (a)(d) | 850,000 | 978,567 |
4.15%, 11/15/30 (a)(d) | 600,000 | 653,967 |
4.30%, 11/15/32 (a)(d) | 800,000 | 884,912 |
Broadridge Financial Solutions, Inc. | ||
2.90%, 12/01/29 (a) | 350,000 | 374,978 |
CA, Inc. | ||
4.70%, 03/15/27 (a) | 149,000 | 164,908 |
Cadence Design Systems, Inc. | ||
4.38%, 10/15/24 (a) | 150,000 | 167,591 |
Cisco Systems, Inc. | ||
1.85%, 09/20/21 (a) | 600,000 | 611,202 |
2.20%, 09/20/23 (a) | 520,000 | 548,870 |
3.63%, 03/04/24 | 225,000 | 251,161 |
3.50%, 06/15/25 | 250,000 | 285,760 |
2.95%, 02/28/26 | 250,000 | 281,743 |
2.50%, 09/20/26 (a) | 450,000 | 498,087 |
5.90%, 02/15/39 | 500,000 | 752,335 |
5.50%, 01/15/40 | 900,000 | 1,324,102 |
Citrix Systems, Inc. | ||
4.50%, 12/01/27 (a) | 250,000 | 287,958 |
3.30%, 03/01/30 (a) | 250,000 | 267,611 |
Corning, Inc. | ||
2.90%, 05/15/22 (a) | 250,000 | 259,638 |
5.75%, 08/15/40 | 150,000 | 194,381 |
5.35%, 11/15/48 (a) | 250,000 | 332,171 |
3.90%, 11/15/49 (a) | 150,000 | 163,251 |
4.38%, 11/15/57 (a) | 450,000 | 521,719 |
5.85%, 11/15/68 (a) | 50,000 | 63,779 |
5.45%, 11/15/79 (a) | 400,000 | 478,486 |
Dell International LLC/EMC Corp. | ||
4.42%, 06/15/21 (a)(d) | 1,250,000 | 1,285,544 |
5.45%, 06/15/23 (a)(d) | 1,250,000 | 1,368,906 |
4.00%, 07/15/24 (a)(d) | 250,000 | 270,118 |
5.85%, 07/15/25 (a)(d) | 200,000 | 229,984 |
6.02%, 06/15/26 (a)(d) | 1,600,000 | 1,834,744 |
4.90%, 10/01/26 (a)(d) | 500,000 | 551,702 |
6.10%, 07/15/27 (a)(d) | 250,000 | 289,480 |
5.30%, 10/01/29 (a)(d) | 650,000 | 719,690 |
6.20%, 07/15/30 (a)(d) | 350,000 | 411,037 |
8.10%, 07/15/36 (a)(d) | 456,000 | 590,903 |
8.35%, 07/15/46 (a)(d) | 700,000 | 933,411 |
DXC Technology Co. | ||
4.00%, 04/15/23 | 250,000 | 262,495 |
4.25%, 04/15/24 (a) | 125,000 | 135,976 |
4.13%, 04/15/25 (a) | 150,000 | 159,886 |
4.75%, 04/15/27 (a) | 200,000 | 220,208 |
Equifax, Inc. | ||
3.30%, 12/15/22 (a) | 325,000 | 342,579 |
3.95%, 06/15/23 (a) | 150,000 | 162,646 |
2.60%, 12/01/24 (a) | 300,000 | 317,567 |
2.60%, 12/15/25 (a) | 100,000 | 106,569 |
3.10%, 05/15/30 (a) | 200,000 | 213,558 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 350,000 | 373,179 |
5.88%, 01/15/26 (a) | 400,000 | 422,316 |
2.90%, 11/18/26 (a) | 100,000 | 107,913 |
5.38%, 05/15/27 (a) | 400,000 | 436,588 |
3.20%, 11/18/29 (a) | 400,000 | 434,526 |
3.00%, 07/15/50 (a) | 250,000 | 244,814 |
Fidelity National Information Services, Inc. | ||
3.50%, 04/15/23 (a) | 384,000 | 411,252 |
3.00%, 08/15/26 (a) | 450,000 | 498,893 |
4.25%, 05/15/28 (a) | 550,000 | 650,347 |
4.50%, 08/15/46 (a) | 100,000 | 125,727 |
Fiserv, Inc. | ||
3.50%, 10/01/22 (a) | 250,000 | 264,731 |
3.80%, 10/01/23 (a) | 400,000 | 437,468 |
2.75%, 07/01/24 (a) | 850,000 | 907,638 |
3.85%, 06/01/25 (a) | 250,000 | 283,039 |
3.20%, 07/01/26 (a) | 600,000 | 664,155 |
2.25%, 06/01/27 (a) | 200,000 | 210,182 |
4.20%, 10/01/28 (a) | 750,000 | 881,827 |
3.50%, 07/01/29 (a) | 950,000 | 1,069,353 |
2.65%, 06/01/30 (a) | 200,000 | 212,226 |
4.40%, 07/01/49 (a) | 500,000 | 607,170 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 500,000 | 557,972 |
3.75%, 02/01/26 (a) | 150,000 | 161,264 |
4.88%, 06/15/29 (a) | 200,000 | 220,272 |
FLIR Systems, Inc. | ||
3.13%, 06/15/21 (a) | 250,000 | 254,165 |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24 (a) | 250,000 | 261,259 |
Global Payments, Inc. | ||
3.75%, 06/01/23 (a) | 600,000 | 646,626 |
2.65%, 02/15/25 (a) | 200,000 | 212,603 |
4.45%, 06/01/28 (a) | 250,000 | 293,665 |
3.20%, 08/15/29 (a) | 400,000 | 428,990 |
2.90%, 05/15/30 (a) | 375,000 | 393,197 |
4.15%, 08/15/49 (a) | 350,000 | 402,442 |
Hewlett Packard Enterprise Co. | ||
3.50%, 10/05/21 (a) | 500,000 | 516,217 |
4.40%, 10/15/22 (a) | 620,000 | 664,116 |
2.25%, 04/01/23 (a) | 400,000 | 412,666 |
4.65%, 10/01/24 (a) | 550,000 | 617,779 |
4.90%, 10/15/25 (a) | 600,000 | 692,589 |
6.20%, 10/15/35 (a) | 50,000 | 61,852 |
6.35%, 10/15/45 (a) | 650,000 | 798,574 |
HP, Inc. | ||
4.65%, 12/09/21 | 150,000 | 158,967 |
4.05%, 09/15/22 | 250,000 | 268,668 |
2.20%, 06/17/25 (a) | 150,000 | 155,019 |
3.00%, 06/17/27 (a) | 200,000 | 209,942 |
6.00%, 09/15/41 | 400,000 | 473,372 |
IBM Credit LLC | ||
3.60%, 11/30/21 | 250,000 | 261,498 |
2.20%, 09/08/22 | 250,000 | 258,971 |
3.00%, 02/06/23 | 150,000 | 159,363 |
Intel Corp. | ||
3.30%, 10/01/21 | 450,000 | 467,228 |
2.35%, 05/11/22 (a) | 700,000 | 725,214 |
3.10%, 07/29/22 | 250,000 | 264,204 |
2.70%, 12/15/22 | 850,000 | 899,151 |
2.88%, 05/11/24 (a) | 200,000 | 216,296 |
3.40%, 03/25/25 (a) | 500,000 | 561,627 |
3.70%, 07/29/25 (a) | 650,000 | 739,004 |
3.15%, 05/11/27 (a) | 1,000,000 | 1,123,165 |
2.45%, 11/15/29 (a) | 650,000 | 702,754 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.90%, 03/25/30 (a) | 400,000 | 485,700 |
4.60%, 03/25/40 (a) | 200,000 | 266,695 |
4.80%, 10/01/41 | 500,000 | 677,402 |
4.25%, 12/15/42 | 150,000 | 192,464 |
4.90%, 07/29/45 (a) | 100,000 | 141,320 |
4.10%, 05/19/46 (a) | 650,000 | 816,445 |
4.10%, 05/11/47 (a) | 425,000 | 536,295 |
3.73%, 12/08/47 (a) | 600,000 | 720,297 |
3.25%, 11/15/49 (a) | 600,000 | 685,392 |
4.75%, 03/25/50 (a) | 700,000 | 989,121 |
3.10%, 02/15/60 (a) | 450,000 | 499,572 |
4.95%, 03/25/60 (a) | 350,000 | 517,711 |
International Business Machines Corp. | ||
2.85%, 05/13/22 | 850,000 | 888,947 |
1.88%, 08/01/22 | 200,000 | 205,636 |
2.88%, 11/09/22 | 450,000 | 475,254 |
3.38%, 08/01/23 | 150,000 | 162,505 |
3.63%, 02/12/24 | 1,000,000 | 1,101,460 |
3.00%, 05/15/24 | 750,000 | 811,481 |
3.45%, 02/19/26 | 750,000 | 848,602 |
3.30%, 05/15/26 | 800,000 | 900,336 |
3.30%, 01/27/27 | 1,000,000 | 1,121,820 |
1.70%, 05/15/27 (a) | 100,000 | 102,292 |
3.50%, 05/15/29 | 1,250,000 | 1,443,537 |
1.95%, 05/15/30 (a) | 300,000 | 307,305 |
5.88%, 11/29/32 | 300,000 | 429,375 |
4.15%, 05/15/39 | 850,000 | 1,032,393 |
2.85%, 05/15/40 (a) | 300,000 | 313,641 |
4.00%, 06/20/42 | 375,000 | 450,229 |
4.70%, 02/19/46 | 300,000 | 394,947 |
4.25%, 05/15/49 | 950,000 | 1,184,403 |
2.95%, 05/15/50 (a) | 300,000 | 308,475 |
7.13%, 12/01/96 | 100,000 | 171,553 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 150,000 | 150,430 |
1.35%, 07/15/27 (a) | 250,000 | 251,174 |
Jabil, Inc. | ||
4.70%, 09/15/22 | 150,000 | 159,469 |
3.95%, 01/12/28 (a) | 250,000 | 268,374 |
3.60%, 01/15/30 (a) | 100,000 | 105,003 |
Juniper Networks, Inc. | ||
4.50%, 03/15/24 | 400,000 | 444,390 |
3.75%, 08/15/29 (a) | 150,000 | 169,524 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 550,000 | 647,801 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 500,000 | 573,210 |
4.10%, 03/15/29 (a) | 174,000 | 206,104 |
5.00%, 03/15/49 (a) | 200,000 | 263,833 |
3.30%, 03/01/50 (a) | 200,000 | 207,068 |
Lam Research Corp. | ||
2.80%, 06/15/21 (a) | 300,000 | 306,714 |
3.80%, 03/15/25 (a) | 500,000 | 566,372 |
4.00%, 03/15/29 (a) | 300,000 | 356,405 |
1.90%, 06/15/30 (a) | 250,000 | 255,273 |
4.88%, 03/15/49 (a) | 195,000 | 271,526 |
2.88%, 06/15/50 (a) | 300,000 | 307,685 |
3.13%, 06/15/60 (a) | 150,000 | 158,444 |
Leidos, Inc. | ||
2.95%, 05/15/23 (a)(d) | 100,000 | 105,319 |
3.63%, 05/15/25 (a)(d) | 100,000 | 109,005 |
4.38%, 05/15/30 (a)(d) | 300,000 | 338,720 |
Marvell Technology Group Ltd. | ||
4.88%, 06/22/28 (a) | 164,000 | 198,620 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Microchip Technology, Inc. | ||
3.92%, 06/01/21 | 340,000 | 346,720 |
4.33%, 06/01/23 (a) | 300,000 | 324,120 |
Micron Technology, Inc. | ||
2.50%, 04/24/23 | 400,000 | 415,960 |
4.64%, 02/06/24 (a) | 200,000 | 220,376 |
4.98%, 02/06/26 (a) | 50,000 | 57,561 |
4.19%, 02/15/27 (a) | 400,000 | 448,836 |
5.33%, 02/06/29 (a) | 250,000 | 299,293 |
4.66%, 02/15/30 (a) | 250,000 | 291,413 |
Microsoft Corp. | ||
1.55%, 08/08/21 (a) | 1,050,000 | 1,064,836 |
2.40%, 02/06/22 (a) | 700,000 | 722,540 |
2.38%, 02/12/22 (a) | 500,000 | 516,617 |
2.65%, 11/03/22 (a) | 350,000 | 367,997 |
2.38%, 05/01/23 (a) | 250,000 | 263,074 |
2.00%, 08/08/23 (a) | 650,000 | 681,002 |
3.63%, 12/15/23 (a) | 750,000 | 827,081 |
2.88%, 02/06/24 (a) | 567,000 | 612,071 |
2.70%, 02/12/25 (a) | 900,000 | 980,325 |
3.13%, 11/03/25 (a) | 1,000,000 | 1,120,975 |
2.40%, 08/08/26 (a) | 1,800,000 | 1,966,707 |
3.30%, 02/06/27 (a) | 825,000 | 944,254 |
3.50%, 02/12/35 (a) | 950,000 | 1,159,874 |
4.20%, 11/03/35 (a) | 350,000 | 459,589 |
3.45%, 08/08/36 (a) | 750,000 | 905,572 |
4.10%, 02/06/37 (a) | 800,000 | 1,037,020 |
5.20%, 06/01/39 | 44,000 | 64,048 |
4.50%, 10/01/40 | 300,000 | 411,419 |
3.50%, 11/15/42 | 250,000 | 300,541 |
3.75%, 02/12/45 (a) | 150,000 | 186,739 |
4.45%, 11/03/45 (a) | 575,000 | 793,509 |
3.70%, 08/08/46 (a) | 1,575,000 | 1,978,735 |
4.25%, 02/06/47 (a) | 650,000 | 880,314 |
2.53%, 06/01/50 (a) | 2,050,000 | 2,142,465 |
4.00%, 02/12/55 (a) | 450,000 | 583,810 |
3.95%, 08/08/56 (a) | 750,000 | 969,442 |
4.50%, 02/06/57 (a) | 500,000 | 707,482 |
2.68%, 06/01/60 (a) | 1,210,000 | 1,265,497 |
Motorola Solutions, Inc. | ||
3.75%, 05/15/22 | 200,000 | 210,254 |
3.50%, 03/01/23 | 400,000 | 423,810 |
4.60%, 02/23/28 (a) | 200,000 | 226,990 |
4.60%, 05/23/29 (a) | 250,000 | 290,294 |
5.50%, 09/01/44 | 200,000 | 224,755 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 200,000 | 214,723 |
NVIDIA Corp. | ||
2.20%, 09/16/21 (a) | 325,000 | 331,464 |
3.20%, 09/16/26 (a) | 300,000 | 339,932 |
2.85%, 04/01/30 (a) | 500,000 | 556,355 |
3.50%, 04/01/40 (a) | 350,000 | 409,630 |
3.50%, 04/01/50 (a) | 650,000 | 747,916 |
3.70%, 04/01/60 (a) | 150,000 | 179,108 |
NXP BV/NXP Funding LLC | ||
5.35%, 03/01/26 (a)(d) | 500,000 | 596,977 |
5.55%, 12/01/28 (a)(d) | 150,000 | 184,214 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a)(d) | 200,000 | 209,763 |
3.88%, 06/18/26 (a)(d) | 250,000 | 279,670 |
3.15%, 05/01/27 (a)(d) | 200,000 | 212,030 |
4.30%, 06/18/29 (a)(d) | 250,000 | 286,620 |
3.40%, 05/01/30 (a)(d) | 350,000 | 377,741 |
Oracle Corp. | ||
2.80%, 07/08/21 | 1,000,000 | 1,026,390 |
1.90%, 09/15/21 (a) | 1,100,000 | 1,118,678 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.50%, 05/15/22 (a) | 1,150,000 | 1,189,353 |
2.50%, 10/15/22 | 1,400,000 | 1,463,448 |
2.63%, 02/15/23 (a) | 550,000 | 578,658 |
3.63%, 07/15/23 | 100,000 | 109,121 |
2.40%, 09/15/23 (a) | 750,000 | 789,566 |
3.40%, 07/08/24 (a) | 650,000 | 713,365 |
2.95%, 11/15/24 (a) | 500,000 | 544,155 |
2.50%, 04/01/25 (a) | 1,100,000 | 1,180,393 |
2.95%, 05/15/25 (a) | 500,000 | 546,080 |
2.65%, 07/15/26 (a) | 756,000 | 818,997 |
2.80%, 04/01/27 (a) | 700,000 | 765,047 |
3.25%, 11/15/27 (a) | 750,000 | 842,074 |
2.95%, 04/01/30 (a) | 1,200,000 | 1,338,276 |
3.25%, 05/15/30 (a) | 150,000 | 170,237 |
4.30%, 07/08/34 (a) | 600,000 | 747,747 |
3.90%, 05/15/35 (a) | 350,000 | 424,368 |
3.85%, 07/15/36 (a) | 300,000 | 353,708 |
3.80%, 11/15/37 (a) | 900,000 | 1,045,224 |
6.50%, 04/15/38 | 500,000 | 768,347 |
6.13%, 07/08/39 | 200,000 | 296,565 |
3.60%, 04/01/40 (a) | 1,100,000 | 1,246,135 |
5.38%, 07/15/40 | 750,000 | 1,040,655 |
4.50%, 07/08/44 (a) | 250,000 | 316,514 |
4.13%, 05/15/45 (a) | 595,000 | 709,365 |
4.00%, 07/15/46 (a) | 1,100,000 | 1,298,577 |
4.00%, 11/15/47 (a) | 700,000 | 829,661 |
3.60%, 04/01/50 (a) | 1,500,000 | 1,685,047 |
4.38%, 05/15/55 (a) | 425,000 | 537,867 |
3.85%, 04/01/60 (a) | 1,150,000 | 1,349,525 |
PayPal Holdings, Inc. | ||
2.20%, 09/26/22 | 350,000 | 362,346 |
1.35%, 06/01/23 | 350,000 | 356,853 |
2.40%, 10/01/24 (a) | 400,000 | 425,340 |
1.65%, 06/01/25 (a) | 350,000 | 362,646 |
2.65%, 10/01/26 (a) | 400,000 | 436,226 |
2.85%, 10/01/29 (a) | 450,000 | 491,531 |
2.30%, 06/01/30 (a) | 300,000 | 313,652 |
3.25%, 06/01/50 (a) | 350,000 | 380,464 |
QUALCOMM, Inc. | ||
3.00%, 05/20/22 | 1,000,000 | 1,047,275 |
2.60%, 01/30/23 (a) | 200,000 | 209,960 |
2.90%, 05/20/24 (a) | 125,000 | 134,636 |
3.45%, 05/20/25 (a) | 1,400,000 | 1,560,895 |
3.25%, 05/20/27 (a) | 250,000 | 283,949 |
2.15%, 05/20/30 (a) | 400,000 | 418,158 |
4.65%, 05/20/35 (a) | 300,000 | 400,034 |
4.80%, 05/20/45 (a) | 700,000 | 920,853 |
4.30%, 05/20/47 (a) | 250,000 | 314,785 |
3.25%, 05/20/50 (a) | 275,000 | 303,076 |
salesforce.com, Inc. | ||
3.25%, 04/11/23 (a) | 400,000 | 429,804 |
3.70%, 04/11/28 (a) | 375,000 | 437,456 |
Seagate HDD Cayman | ||
4.75%, 06/01/23 | 400,000 | 423,054 |
4.75%, 01/01/25 | 180,000 | 193,431 |
4.88%, 06/01/27 (a) | 301,000 | 326,859 |
4.09%, 06/01/29 (a)(d) | 272,000 | 284,822 |
4.13%, 01/15/31 (a)(d) | 300,000 | 316,629 |
5.75%, 12/01/34 (a) | 150,000 | 165,762 |
Texas Instruments, Inc. | ||
1.85%, 05/15/22 (a) | 350,000 | 359,093 |
2.25%, 05/01/23 (a) | 250,000 | 262,333 |
1.38%, 03/12/25 (a) | 250,000 | 257,770 |
2.90%, 11/03/27 (a) | 200,000 | 224,427 |
2.25%, 09/04/29 (a) | 350,000 | 374,747 |
1.75%, 05/04/30 (a) | 200,000 | 203,739 |
4.15%, 05/15/48 (a) | 550,000 | 719,240 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Trimble, Inc. | ||
4.15%, 06/15/23 (a) | 250,000 | 266,309 |
4.90%, 06/15/28 (a) | 175,000 | 200,944 |
Tyco Electronics Group S.A. | ||
3.50%, 02/03/22 (a) | 250,000 | 260,135 |
3.45%, 08/01/24 (a) | 165,000 | 181,004 |
3.70%, 02/15/26 (a) | 150,000 | 168,646 |
3.13%, 08/15/27 (a) | 150,000 | 163,692 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 500,000 | 565,950 |
4.13%, 03/15/29 (a) | 475,000 | 558,130 |
VMware, Inc. | ||
2.95%, 08/21/22 (a) | 450,000 | 466,047 |
4.50%, 05/15/25 (a) | 350,000 | 381,971 |
3.90%, 08/21/27 (a) | 500,000 | 531,007 |
4.70%, 05/15/30 (a) | 300,000 | 332,037 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 350,000 | 376,912 |
2.38%, 06/01/30 (a) | 200,000 | 207,058 |
197,775,001 | ||
Transportation 0.7% | ||
American Airlines 2014-1 Class A Pass Through Trust | ||
3.70%, 10/01/26 | 175,393 | 144,878 |
American Airlines 2015-1 Class A Pass Through Trust | ||
3.38%, 05/01/27 | 564,284 | 473,236 |
American Airlines 2015-2 Class AA Pass Through Trust | ||
3.60%, 09/22/27 | 121,582 | 114,803 |
American Airlines 2016-2 Class AA Pass Through Trust | ||
3.20%, 06/15/28 | 665,600 | 623,940 |
American Airlines 2017-2 Class AA Pass Through Trust | ||
3.35%, 10/15/29 | 44,588 | 41,532 |
American Airlines 2019-1 Class AA Pass Through Trust | ||
3.15%, 02/15/32 | 246,151 | 227,317 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 100,000 | 109,106 |
Burlington Northern Santa Fe LLC | ||
3.05%, 03/15/22 (a) | 250,000 | 260,158 |
3.85%, 09/01/23 (a) | 225,000 | 246,198 |
3.75%, 04/01/24 (a) | 250,000 | 276,233 |
3.40%, 09/01/24 (a) | 1,300,000 | 1,432,463 |
3.00%, 04/01/25 (a) | 240,000 | 265,530 |
5.05%, 03/01/41 (a) | 500,000 | 664,057 |
5.40%, 06/01/41 (a) | 150,000 | 206,875 |
4.40%, 03/15/42 (a) | 200,000 | 251,534 |
4.38%, 09/01/42 (a) | 550,000 | 694,752 |
4.45%, 03/15/43 (a) | 200,000 | 255,322 |
5.15%, 09/01/43 (a) | 450,000 | 621,616 |
4.55%, 09/01/44 (a) | 800,000 | 1,045,928 |
4.05%, 06/15/48 (a) | 1,200,000 | 1,497,258 |
4.15%, 12/15/48 (a) | 300,000 | 379,473 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 150,000 | 162,346 |
6.90%, 07/15/28 | 150,000 | 205,991 |
6.38%, 11/15/37 | 150,000 | 229,298 |
3.20%, 08/02/46 (a) | 300,000 | 332,842 |
3.65%, 02/03/48 (a) | 300,000 | 354,247 |
4.45%, 01/20/49 (a) | 350,000 | 466,630 |
2.45%, 05/01/50 (a) | 300,000 | 292,004 |
Canadian Pacific Railway Co. | ||
4.45%, 03/15/23 (a) | 150,000 | 163,427 |
2.90%, 02/01/25 (a) | 271,000 | 294,054 |
4.00%, 06/01/28 (a) | 250,000 | 293,090 |
2.05%, 03/05/30 (a) | 200,000 | 205,352 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
7.13%, 10/15/31 | 250,000 | 368,259 |
4.80%, 09/15/35 (a) | 45,000 | 58,709 |
5.95%, 05/15/37 | 200,000 | 290,026 |
4.80%, 08/01/45 (a) | 150,000 | 204,728 |
6.13%, 09/15/15 (a) | 139,000 | 216,161 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 200,000 | 228,787 |
Continental Airlines 2007-1 Class A Pass Through Trust | ||
5.98%, 04/19/22 | 303,569 | 283,594 |
Continental Airlines 2012-1 Class A Pass Through Trust | ||
4.15%, 04/11/24 | 87,833 | 82,002 |
CSX Corp. | ||
4.25%, 06/01/21 (a) | 150,000 | 153,834 |
3.70%, 11/01/23 (a) | 150,000 | 165,122 |
3.40%, 08/01/24 (a) | 300,000 | 330,715 |
3.35%, 11/01/25 (a) | 100,000 | 112,836 |
2.60%, 11/01/26 (a) | 250,000 | 272,314 |
3.25%, 06/01/27 (a) | 628,000 | 705,329 |
3.80%, 03/01/28 (a) | 250,000 | 288,375 |
2.40%, 02/15/30 (a) | 175,000 | 185,292 |
6.15%, 05/01/37 | 500,000 | 705,325 |
5.50%, 04/15/41 (a) | 550,000 | 748,234 |
4.75%, 05/30/42 (a) | 50,000 | 64,025 |
4.10%, 03/15/44 (a) | 850,000 | 1,030,140 |
3.80%, 11/01/46 (a) | 500,000 | 582,045 |
4.50%, 03/15/49 (a) | 300,000 | 388,993 |
3.80%, 04/15/50 (a) | 150,000 | 179,116 |
3.95%, 05/01/50 (a) | 200,000 | 241,842 |
4.25%, 11/01/66 (a) | 100,000 | 121,585 |
4.65%, 03/01/68 (a) | 125,000 | 163,498 |
Delta Air Lines 2007-1 Class A Pass Through Trust | ||
6.82%, 08/10/22 | 297,343 | 290,956 |
Delta Air Lines 2020-1 Class AA Pass Through Trust | ||
2.00%, 06/10/28 | 150,000 | 143,787 |
FedEx Corp. | ||
2.63%, 08/01/22 | 200,000 | 207,958 |
4.00%, 01/15/24 | 250,000 | 277,148 |
3.80%, 05/15/25 (a) | 300,000 | 334,339 |
3.25%, 04/01/26 (a) | 350,000 | 380,469 |
3.30%, 03/15/27 (a) | 400,000 | 431,914 |
3.40%, 02/15/28 (a) | 450,000 | 487,037 |
4.20%, 10/17/28 (a) | 100,000 | 115,071 |
3.10%, 08/05/29 (a) | 300,000 | 319,927 |
4.25%, 05/15/30 (a) | 300,000 | 342,933 |
4.90%, 01/15/34 | 62,000 | 74,915 |
3.90%, 02/01/35 | 300,000 | 324,957 |
3.88%, 08/01/42 | 200,000 | 201,772 |
4.10%, 02/01/45 | 77,000 | 79,113 |
4.75%, 11/15/45 (a) | 265,000 | 296,932 |
4.55%, 04/01/46 (a) | 500,000 | 543,225 |
4.40%, 01/15/47 (a) | 675,000 | 723,107 |
4.95%, 10/17/48 (a) | 300,000 | 349,614 |
5.25%, 05/15/50 (a) | 550,000 | 670,714 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 375,000 | 429,264 |
JetBlue 2019-1 Class AA Pass Through Trust | ||
2.75%, 05/15/32 | 197,561 | 177,126 |
Kansas City Southern | ||
3.00%, 05/15/23 (a) | 150,000 | 153,317 |
2.88%, 11/15/29 (a) | 150,000 | 158,698 |
4.30%, 05/15/43 (a) | 150,000 | 181,313 |
4.95%, 08/15/45 (a) | 200,000 | 258,739 |
4.70%, 05/01/48 (a) | 200,000 | 253,572 |
4.20%, 11/15/69 (a) | 250,000 | 280,875 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 200,000 | 202,956 |
Norfolk Southern Corp. | ||
3.00%, 04/01/22 (a) | 700,000 | 727,538 |
2.90%, 06/15/26 (a) | 550,000 | 609,823 |
2.55%, 11/01/29 (a) | 100,000 | 107,454 |
4.84%, 10/01/41 | 350,000 | 450,518 |
4.45%, 06/15/45 (a) | 250,000 | 315,086 |
4.65%, 01/15/46 (a) | 450,000 | 582,482 |
4.15%, 02/28/48 (a) | 275,000 | 336,946 |
4.10%, 05/15/49 (a) | 100,000 | 122,941 |
3.40%, 11/01/49 (a) | 100,000 | 110,884 |
3.05%, 05/15/50 (a) | 300,000 | 313,467 |
4.05%, 08/15/52 (a) | 250,000 | 299,375 |
3.16%, 05/15/55 (a)(d) | 275,000 | 285,593 |
Ryder System, Inc. | ||
2.88%, 06/01/22 (a) | 150,000 | 156,110 |
3.40%, 03/01/23 (a) | 275,000 | 289,066 |
3.75%, 06/09/23 (a) | 200,000 | 212,973 |
3.88%, 12/01/23 (a) | 250,000 | 268,860 |
3.65%, 03/18/24 (a) | 500,000 | 533,557 |
3.35%, 09/01/25 (a) | 235,000 | 249,975 |
2.90%, 12/01/26 (a) | 150,000 | 154,706 |
Southwest Airlines Co. | ||
4.75%, 05/04/23 | 250,000 | 257,108 |
5.25%, 05/04/25 (a) | 200,000 | 211,062 |
3.00%, 11/15/26 (a) | 350,000 | 342,452 |
3.45%, 11/16/27 (a) | 300,000 | 294,473 |
2.63%, 02/10/30 (a) | 200,000 | 181,183 |
Union Pacific Corp. | ||
3.20%, 06/08/21 | 250,000 | 256,630 |
4.16%, 07/15/22 (a) | 250,000 | 266,105 |
2.95%, 01/15/23 (a) | 150,000 | 158,177 |
2.75%, 04/15/23 (a) | 100,000 | 105,678 |
3.50%, 06/08/23 (a) | 100,000 | 108,609 |
3.65%, 02/15/24 (a) | 350,000 | 382,844 |
3.15%, 03/01/24 (a) | 250,000 | 271,311 |
3.25%, 08/15/25 (a) | 500,000 | 554,052 |
2.75%, 03/01/26 (a) | 500,000 | 544,517 |
2.15%, 02/05/27 (a) | 175,000 | 185,809 |
3.70%, 03/01/29 (a) | 300,000 | 351,184 |
2.40%, 02/05/30 (a) | 250,000 | 267,270 |
3.38%, 02/01/35 (a) | 600,000 | 689,139 |
4.38%, 09/10/38 (a) | 300,000 | 370,686 |
3.55%, 08/15/39 (a) | 250,000 | 280,945 |
4.15%, 01/15/45 (a) | 400,000 | 487,262 |
4.05%, 11/15/45 (a) | 120,000 | 143,771 |
4.00%, 04/15/47 (a) | 500,000 | 596,977 |
4.50%, 09/10/48 (a) | 450,000 | 586,818 |
4.30%, 03/01/49 (a) | 200,000 | 256,403 |
3.25%, 02/05/50 (a) | 650,000 | 714,919 |
3.80%, 10/01/51 (a) | 250,000 | 299,685 |
3.95%, 08/15/59 (a) | 150,000 | 178,157 |
3.84%, 03/20/60 (a) | 700,000 | 819,966 |
4.38%, 11/15/65 (a) | 300,000 | 376,791 |
4.10%, 09/15/67 (a) | 50,000 | 60,143 |
3.75%, 02/05/70 (a) | 250,000 | 285,260 |
United Airlines 2014-1 Class A Pass Through Trust | ||
4.00%, 04/11/26 | 104,949 | 96,053 |
United Airlines 2014-2 Class A Pass Through Trust | ||
3.75%, 09/03/26 | 211,067 | 191,151 |
United Airlines 2016-1 Class AA Pass Through Trust | ||
3.10%, 07/07/28 | 434,041 | 413,802 |
United Airlines 2016-2 Class AA Pass Through Trust | ||
2.88%, 10/07/28 | 17,357 | 15,812 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
United Airlines 2018-1 Class AA Pass Through Trust | ||
3.50%, 03/01/30 | 326,559 | 305,847 |
United Airlines 2019-1 Class AA Pass Through Trust | ||
4.15%, 08/25/31 | 311,091 | 302,429 |
United Airlines 2019-2 Class AA Pass Through Trust | ||
2.70%, 05/01/32 | 200,000 | 180,469 |
United Parcel Service, Inc. | ||
2.35%, 05/16/22 (a) | 250,000 | 258,920 |
2.45%, 10/01/22 | 350,000 | 365,493 |
2.50%, 04/01/23 (a) | 250,000 | 262,814 |
2.20%, 09/01/24 (a) | 150,000 | 158,667 |
2.80%, 11/15/24 (a) | 150,000 | 162,879 |
3.90%, 04/01/25 (a) | 350,000 | 397,836 |
3.05%, 11/15/27 (a) | 350,000 | 396,357 |
3.40%, 03/15/29 (a) | 100,000 | 115,730 |
2.50%, 09/01/29 (a) | 150,000 | 162,650 |
4.45%, 04/01/30 (a) | 325,000 | 406,482 |
6.20%, 01/15/38 | 400,000 | 594,852 |
5.20%, 04/01/40 (a) | 150,000 | 210,144 |
4.88%, 11/15/40 (a) | 550,000 | 728,618 |
3.63%, 10/01/42 | 100,000 | 112,535 |
3.40%, 11/15/46 (a) | 200,000 | 217,650 |
3.75%, 11/15/47 (a) | 250,000 | 290,963 |
4.25%, 03/15/49 (a) | 310,000 | 391,445 |
3.40%, 09/01/49 (a) | 200,000 | 221,099 |
5.30%, 04/01/50 (a) | 400,000 | 578,798 |
54,246,359 | ||
1,333,900,993 | ||
Utility 2.1% | ||
Electric 1.9% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 95,000 | 108,112 |
2.10%, 07/01/30 (a) | 250,000 | 250,458 |
3.45%, 01/15/50 (a) | 150,000 | 162,440 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 250,000 | 290,520 |
4.25%, 09/15/48 (a) | 110,000 | 136,688 |
3.80%, 06/15/49 (a) | 250,000 | 296,810 |
Alabama Power Co. | ||
3.55%, 12/01/23 | 350,000 | 384,177 |
6.00%, 03/01/39 | 225,000 | 326,769 |
3.85%, 12/01/42 | 150,000 | 177,331 |
4.30%, 01/02/46 (a) | 500,000 | 617,595 |
3.70%, 12/01/47 (a) | 850,000 | 977,904 |
4.30%, 07/15/48 (a) | 100,000 | 125,212 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 750,000 | 843,630 |
3.50%, 01/15/31 (a) | 300,000 | 337,029 |
Ameren Illinois Co. | ||
4.15%, 03/15/46 (a) | 100,000 | 123,951 |
3.70%, 12/01/47 (a) | 150,000 | 175,197 |
3.25%, 03/15/50 (a) | 100,000 | 110,874 |
American Electric Power Co., Inc. | ||
4.30%, 12/01/28 (a) | 200,000 | 235,770 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 500,000 | 550,532 |
3.30%, 06/01/27 (a) | 300,000 | 325,068 |
7.00%, 04/01/38 | 410,000 | 605,871 |
4.45%, 06/01/45 (a) | 500,000 | 610,110 |
4.50%, 03/01/49 (a) | 150,000 | 184,026 |
3.70%, 05/01/50 (a) | 300,000 | 337,359 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 250,000 | 273,614 |
4.35%, 11/15/45 (a) | 775,000 | 942,501 |
3.35%, 05/15/50 (a) | 250,000 | 267,944 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 500,000 | 542,652 |
3.80%, 06/01/29 (a) | 145,000 | 168,114 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 150,000 | 187,133 |
Baltimore Gas and Electric Co. | ||
3.50%, 11/15/21 (a) | 100,000 | 103,105 |
3.50%, 08/15/46 (a) | 250,000 | 279,189 |
3.75%, 08/15/47 (a) | 100,000 | 116,354 |
Berkshire Hathaway Energy Co. | ||
2.80%, 01/15/23 (a) | 350,000 | 369,127 |
3.50%, 02/01/25 (a) | 150,000 | 167,414 |
4.05%, 04/15/25 (a)(d) | 500,000 | 572,015 |
3.25%, 04/15/28 (a) | 625,000 | 708,272 |
6.13%, 04/01/36 | 637,000 | 919,449 |
5.95%, 05/15/37 | 250,000 | 354,684 |
5.15%, 11/15/43 (a) | 260,000 | 357,660 |
4.50%, 02/01/45 (a) | 350,000 | 443,548 |
3.80%, 07/15/48 (a) | 250,000 | 292,279 |
4.25%, 10/15/50 (a)(d) | 300,000 | 377,674 |
Black Hills Corp. | ||
3.05%, 10/15/29 (a) | 200,000 | 213,584 |
2.50%, 06/15/30 (a) | 250,000 | 258,621 |
4.35%, 05/01/33 (a) | 400,000 | 449,080 |
4.20%, 09/15/46 (a) | 100,000 | 107,002 |
3.88%, 10/15/49 (a) | 100,000 | 107,641 |
CenterPoint Energy Houston Electric LLC | ||
3.55%, 08/01/42 (a) | 128,000 | 143,573 |
3.95%, 03/01/48 (a) | 200,000 | 244,855 |
4.25%, 02/01/49 (a) | 300,000 | 385,060 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/22 (a) | 500,000 | 517,550 |
3.85%, 02/01/24 (a) | 250,000 | 273,391 |
4.25%, 11/01/28 (a) | 400,000 | 463,418 |
2.95%, 03/01/30 (a) | 400,000 | 427,610 |
3.70%, 09/01/49 (a) | 150,000 | 163,318 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 120,000 | 127,621 |
3.38%, 09/15/29 (a)(d) | 170,000 | 177,898 |
4.97%, 05/01/46 (a) | 100,000 | 106,067 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 350,000 | 383,973 |
3.45%, 08/15/27 (a) | 200,000 | 220,882 |
4.88%, 03/01/44 (a) | 400,000 | 522,952 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 123,000 | 134,192 |
3.70%, 08/15/28 (a) | 950,000 | 1,105,558 |
6.45%, 01/15/38 | 150,000 | 228,063 |
3.80%, 10/01/42 (a) | 200,000 | 235,082 |
4.60%, 08/15/43 (a) | 150,000 | 195,509 |
4.70%, 01/15/44 (a) | 150,000 | 197,516 |
3.70%, 03/01/45 (a) | 250,000 | 292,772 |
4.35%, 11/15/45 (a) | 150,000 | 192,005 |
3.65%, 06/15/46 (a) | 250,000 | 292,999 |
3.75%, 08/15/47 (a) | 100,000 | 118,796 |
4.00%, 03/01/48 (a) | 100,000 | 123,507 |
4.00%, 03/01/49 (a) | 150,000 | 186,550 |
3.20%, 11/15/49 (a) | 100,000 | 109,889 |
3.00%, 03/01/50 (a) | 250,000 | 264,752 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Connecticut Light and Power Co. | ||
4.30%, 04/15/44 (a) | 100,000 | 127,060 |
4.00%, 04/01/48 (a) | 250,000 | 307,669 |
Consolidated Edison Co. of New York, Inc. | ||
3.35%, 04/01/30 (a) | 200,000 | 227,904 |
6.75%, 04/01/38 | 500,000 | 750,627 |
5.50%, 12/01/39 | 250,000 | 340,527 |
5.70%, 06/15/40 | 150,000 | 209,691 |
3.95%, 03/01/43 (a) | 1,000,000 | 1,147,500 |
4.45%, 03/15/44 (a) | 950,000 | 1,161,826 |
4.13%, 05/15/49 (a) | 150,000 | 182,532 |
3.95%, 04/01/50 (a) | 350,000 | 423,902 |
4.63%, 12/01/54 (a) | 525,000 | 679,282 |
4.00%, 11/15/57 (a) | 100,000 | 116,559 |
4.50%, 05/15/58 (a) | 240,000 | 301,994 |
3.70%, 11/15/59 (a) | 200,000 | 225,191 |
Consumers Energy Co. | ||
3.38%, 08/15/23 (a) | 250,000 | 270,590 |
3.95%, 05/15/43 (a) | 250,000 | 306,985 |
4.05%, 05/15/48 (a) | 100,000 | 126,649 |
4.35%, 04/15/49 (a) | 150,000 | 199,861 |
3.10%, 08/15/50 (a) | 250,000 | 279,691 |
2.50%, 05/01/60 (a) | 300,000 | 288,471 |
Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 250,000 | 260,633 |
Delmarva Power & Light Co. | ||
3.50%, 11/15/23 (a) | 500,000 | 543,042 |
Dominion Energy South Carolina, Inc. | ||
5.30%, 05/15/33 | 100,000 | 134,288 |
5.45%, 02/01/41 (a) | 100,000 | 139,375 |
5.10%, 06/01/65 (a) | 175,000 | 259,738 |
Dominion Energy, Inc. | ||
2.00%, 08/15/21 (a) | 250,000 | 253,661 |
2.72%, 08/15/21 | 200,000 | 204,280 |
2.75%, 09/15/22 (a) | 250,000 | 260,349 |
3.07%, 08/15/24 | 200,000 | 215,639 |
2.85%, 08/15/26 (a) | 500,000 | 538,370 |
4.25%, 06/01/28 (a) | 150,000 | 173,180 |
3.38%, 04/01/30 (a) | 550,000 | 610,206 |
6.30%, 03/15/33 | 45,000 | 58,810 |
5.25%, 08/01/33 | 500,000 | 613,040 |
7.00%, 06/15/38 | 100,000 | 145,094 |
4.90%, 08/01/41 (a) | 200,000 | 248,276 |
4.05%, 09/15/42 (a) | 400,000 | 453,704 |
4.70%, 12/01/44 (a) | 100,000 | 124,724 |
4.60%, 03/15/49 (a) | 150,000 | 190,628 |
5.75%, 10/01/54 (a)(b) | 100,000 | 102,050 |
DTE Electric Co. | ||
2.63%, 03/01/31 (a) | 200,000 | 218,135 |
4.30%, 07/01/44 (a) | 100,000 | 126,400 |
3.70%, 06/01/46 (a) | 400,000 | 467,450 |
4.05%, 05/15/48 (a) | 150,000 | 186,596 |
3.95%, 03/01/49 (a) | 389,000 | 478,204 |
DTE Energy Co. | ||
2.60%, 06/15/22 | 100,000 | 103,474 |
3.30%, 06/15/22 (a) | 500,000 | 522,250 |
2.25%, 11/01/22 | 200,000 | 206,793 |
3.70%, 08/01/23 (a) | 250,000 | 270,909 |
3.50%, 06/01/24 (a) | 140,000 | 151,277 |
2.53%, 10/01/24 | 120,000 | 126,440 |
2.85%, 10/01/26 (a) | 645,000 | 686,212 |
3.40%, 06/15/29 (a) | 200,000 | 216,908 |
2.95%, 03/01/30 (a) | 200,000 | 209,857 |
6.38%, 04/15/33 | 250,000 | 346,627 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Duke Energy Carolinas LLC | ||
3.05%, 03/15/23 (a) | 200,000 | 213,261 |
3.95%, 11/15/28 (a) | 236,000 | 281,822 |
2.45%, 02/01/30 (a) | 200,000 | 216,240 |
6.10%, 06/01/37 | 250,000 | 357,536 |
6.05%, 04/15/38 | 1,255,000 | 1,851,213 |
5.30%, 02/15/40 | 600,000 | 840,288 |
4.25%, 12/15/41 (a) | 250,000 | 311,680 |
3.75%, 06/01/45 (a) | 750,000 | 883,965 |
3.88%, 03/15/46 (a) | 250,000 | 306,214 |
3.70%, 12/01/47 (a) | 200,000 | 237,591 |
Duke Energy Corp. | ||
1.80%, 09/01/21 (a) | 500,000 | 506,877 |
3.55%, 09/15/21 (a) | 250,000 | 257,070 |
2.40%, 08/15/22 (a) | 100,000 | 103,712 |
3.05%, 08/15/22 (a) | 950,000 | 992,365 |
3.75%, 04/15/24 (a) | 690,000 | 756,578 |
2.65%, 09/01/26 (a) | 500,000 | 543,267 |
3.15%, 08/15/27 (a) | 200,000 | 222,225 |
3.40%, 06/15/29 (a) | 350,000 | 395,449 |
2.45%, 06/01/30 (a) | 250,000 | 263,414 |
4.80%, 12/15/45 (a) | 100,000 | 130,292 |
3.75%, 09/01/46 (a) | 200,000 | 226,709 |
3.95%, 08/15/47 (a) | 250,000 | 293,261 |
4.20%, 06/15/49 (a) | 200,000 | 245,010 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 1,000,000 | 1,124,730 |
2.50%, 12/01/29 (a) | 150,000 | 162,066 |
1.75%, 06/15/30 (a) | 250,000 | 252,943 |
6.40%, 06/15/38 | 250,000 | 382,989 |
5.65%, 04/01/40 | 250,000 | 358,159 |
3.85%, 11/15/42 (a) | 250,000 | 297,879 |
Duke Energy Indiana LLC | ||
4.90%, 07/15/43 (a) | 75,000 | 101,098 |
3.25%, 10/01/49 (a) | 200,000 | 223,452 |
2.75%, 04/01/50 (a) | 200,000 | 202,963 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 150,000 | 174,122 |
2.13%, 06/01/30 (a) | 200,000 | 208,109 |
4.30%, 02/01/49 (a) | 150,000 | 193,574 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 150,000 | 167,090 |
4.10%, 05/15/42 (a) | 200,000 | 245,829 |
4.15%, 12/01/44 (a) | 550,000 | 679,165 |
3.70%, 10/15/46 (a) | 500,000 | 587,680 |
3.60%, 09/15/47 (a) | 200,000 | 232,020 |
Edison International | ||
2.40%, 09/15/22 (a) | 200,000 | 203,082 |
3.13%, 11/15/22 (a) | 150,000 | 155,174 |
2.95%, 03/15/23 (a) | 500,000 | 513,407 |
3.55%, 11/15/24 (a) | 200,000 | 211,414 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 69,000 | 90,470 |
Emera US Finance LP | ||
2.70%, 06/15/21 (a) | 150,000 | 152,821 |
3.55%, 06/15/26 (a) | 187,000 | 210,382 |
4.75%, 06/15/46 (a) | 525,000 | 626,690 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 200,000 | 213,158 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 475,000 | 533,772 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 500,000 | 567,737 |
4.20%, 04/01/49 (a) | 200,000 | 255,416 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Entergy Corp. | ||
4.00%, 07/15/22 (a) | 250,000 | 266,422 |
2.95%, 09/01/26 (a) | 250,000 | 276,270 |
2.80%, 06/15/30 (a) | 250,000 | 264,703 |
3.75%, 06/15/50 (a) | 200,000 | 224,917 |
Entergy Louisiana LLC | ||
5.40%, 11/01/24 | 150,000 | 177,921 |
2.40%, 10/01/26 (a) | 500,000 | 534,945 |
3.12%, 09/01/27 (a) | 150,000 | 164,904 |
3.25%, 04/01/28 (a) | 150,000 | 165,689 |
4.00%, 03/15/33 (a) | 211,000 | 260,113 |
4.95%, 01/15/45 (a) | 500,000 | 544,330 |
4.20%, 09/01/48 (a) | 200,000 | 257,458 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49 (a) | 150,000 | 181,389 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 247,000 | 288,941 |
3.55%, 09/30/49 (a) | 200,000 | 221,454 |
Evergy Kansas Central, Inc. | ||
4.13%, 03/01/42 (a) | 250,000 | 297,771 |
4.10%, 04/01/43 (a) | 650,000 | 776,178 |
4.25%, 12/01/45 (a) | 250,000 | 307,924 |
Evergy Metro, Inc. | ||
3.15%, 03/15/23 (a) | 100,000 | 105,797 |
4.20%, 06/15/47 (a) | 95,000 | 117,361 |
4.13%, 04/01/49 (a) | 200,000 | 248,820 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 350,000 | 370,484 |
2.90%, 09/15/29 (a) | 250,000 | 268,530 |
Eversource Energy | ||
2.75%, 03/15/22 (a) | 500,000 | 518,122 |
2.80%, 05/01/23 (a) | 100,000 | 105,227 |
3.80%, 12/01/23 (a) | 500,000 | 549,172 |
3.30%, 01/15/28 (a) | 250,000 | 277,240 |
Exelon Corp. | ||
3.50%, 06/01/22 (a) | 300,000 | 313,882 |
3.95%, 06/15/25 (a) | 500,000 | 563,210 |
4.05%, 04/15/30 (a) | 450,000 | 520,576 |
4.95%, 06/15/35 (a) | 250,000 | 311,525 |
5.63%, 06/15/35 | 250,000 | 331,742 |
5.10%, 06/15/45 (a) | 100,000 | 129,884 |
4.45%, 04/15/46 (a) | 150,000 | 183,020 |
4.70%, 04/15/50 (a) | 250,000 | 319,979 |
Exelon Generation Co. LLC | ||
4.25%, 06/15/22 (a) | 500,000 | 529,815 |
6.25%, 10/01/39 | 650,000 | 780,968 |
5.60%, 06/15/42 (a) | 250,000 | 285,732 |
FirstEnergy Corp. | ||
2.85%, 07/15/22 (a) | 150,000 | 155,708 |
4.25%, 03/15/23 (a) | 300,000 | 324,772 |
2.05%, 03/01/25 (a) | 150,000 | 155,397 |
1.60%, 01/15/26 (a) | 300,000 | 303,478 |
3.90%, 07/15/27 (a) | 725,000 | 821,983 |
2.65%, 03/01/30 (a) | 200,000 | 209,546 |
7.38%, 11/15/31 | 500,000 | 731,835 |
4.85%, 07/15/47 (a) | 350,000 | 447,923 |
3.40%, 03/01/50 (a) | 300,000 | 320,170 |
Florida Power & Light Co. | ||
2.75%, 06/01/23 (a) | 250,000 | 264,100 |
3.25%, 06/01/24 (a) | 250,000 | 272,479 |
2.85%, 04/01/25 (a) | 250,000 | 274,705 |
3.13%, 12/01/25 (a) | 500,000 | 556,617 |
4.95%, 06/01/35 | 150,000 | 208,433 |
5.95%, 02/01/38 | 150,000 | 228,868 |
5.96%, 04/01/39 | 500,000 | 762,242 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.69%, 03/01/40 | 100,000 | 148,461 |
4.13%, 02/01/42 (a) | 150,000 | 189,138 |
4.05%, 06/01/42 (a) | 350,000 | 434,572 |
3.80%, 12/15/42 (a) | 275,000 | 335,402 |
3.70%, 12/01/47 (a) | 55,000 | 67,052 |
3.95%, 03/01/48 (a) | 250,000 | 314,944 |
4.13%, 06/01/48 (a) | 150,000 | 195,726 |
3.99%, 03/01/49 (a) | 150,000 | 192,010 |
3.15%, 10/01/49 (a) | 350,000 | 397,539 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 310,000 | 335,594 |
Georgia Power Co. | ||
2.85%, 05/15/22 | 500,000 | 520,547 |
2.10%, 07/30/23 | 250,000 | 260,431 |
2.20%, 09/15/24 (a) | 150,000 | 158,537 |
3.25%, 03/30/27 (a) | 100,000 | 109,834 |
2.65%, 09/15/29 (a) | 100,000 | 105,768 |
4.75%, 09/01/40 | 100,000 | 122,736 |
4.30%, 03/15/42 | 150,000 | 174,982 |
4.30%, 03/15/43 | 100,000 | 119,385 |
3.70%, 01/30/50 (a) | 100,000 | 112,627 |
Iberdrola International BV | ||
6.75%, 07/15/36 | 200,000 | 280,397 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 200,000 | 249,536 |
Indiana Michigan Power Co. | ||
4.55%, 03/15/46 (a) | 100,000 | 127,399 |
3.75%, 07/01/47 (a) | 250,000 | 289,939 |
4.25%, 08/15/48 (a) | 200,000 | 246,914 |
Interstate Power and Light Co. | ||
3.25%, 12/01/24 (a) | 200,000 | 217,948 |
4.10%, 09/26/28 (a) | 100,000 | 116,021 |
2.30%, 06/01/30 (a) | 300,000 | 307,486 |
6.25%, 07/15/39 | 350,000 | 505,139 |
3.70%, 09/15/46 (a) | 50,000 | 55,730 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a)(d) | 100,000 | 108,986 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 470,000 | 518,976 |
3.35%, 11/15/27 (a) | 100,000 | 111,640 |
5.30%, 07/01/43 (a) | 100,000 | 126,931 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 200,000 | 262,275 |
3.30%, 06/01/50 (a) | 250,000 | 267,072 |
Louisville Gas and Electric Co. | ||
4.25%, 04/01/49 (a) | 150,000 | 184,229 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 200,000 | 238,717 |
6.75%, 12/30/31 | 200,000 | 298,503 |
4.80%, 09/15/43 (a) | 150,000 | 198,772 |
4.40%, 10/15/44 (a) | 125,000 | 159,484 |
4.25%, 05/01/46 (a) | 200,000 | 252,688 |
3.95%, 08/01/47 (a) | 150,000 | 184,660 |
3.65%, 08/01/48 (a) | 250,000 | 298,390 |
4.25%, 07/15/49 (a) | 350,000 | 455,276 |
3.15%, 04/15/50 (a) | 200,000 | 227,186 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 250,000 | 284,449 |
4.25%, 03/15/42 | 100,000 | 117,518 |
National Rural Utilities Cooperative Finance Corp. | ||
2.40%, 04/25/22 (a) | 250,000 | 258,139 |
2.30%, 09/15/22 (a) | 250,000 | 258,729 |
3.40%, 11/15/23 (a) | 250,000 | 272,785 |
2.95%, 02/07/24 (a) | 410,000 | 439,481 |
3.25%, 11/01/25 (a) | 400,000 | 446,894 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.40%, 02/07/28 (a) | 250,000 | 282,469 |
3.90%, 11/01/28 (a) | 250,000 | 292,492 |
3.70%, 03/15/29 (a) | 200,000 | 232,194 |
4.75%, 04/30/43 (a)(b) | 100,000 | 99,543 |
5.25%, 04/20/46 (a)(b) | 450,000 | 474,023 |
4.30%, 03/15/49 (a) | 100,000 | 126,807 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 750,000 | 878,629 |
6.65%, 04/01/36 | 500,000 | 714,677 |
3.13%, 08/01/50 (a) | 200,000 | 219,422 |
NextEra Energy Capital Holdings, Inc. | ||
4.50%, 06/01/21 (a) | 150,000 | 154,019 |
2.40%, 09/01/21 | 500,000 | 511,352 |
3.20%, 02/25/22 | 250,000 | 260,799 |
3.30%, 08/15/22 | 150,000 | 158,819 |
2.80%, 01/15/23 (a) | 250,000 | 262,915 |
3.15%, 04/01/24 (a) | 350,000 | 380,224 |
2.75%, 05/01/25 (a) | 450,000 | 488,295 |
3.25%, 04/01/26 (a) | 500,000 | 559,880 |
3.55%, 05/01/27 (a) | 200,000 | 226,735 |
3.50%, 04/01/29 (a) | 500,000 | 567,652 |
2.75%, 11/01/29 (a) | 350,000 | 378,289 |
2.25%, 06/01/30 (a) | 700,000 | 723,464 |
4.80%, 12/01/77 (a)(b) | 150,000 | 155,223 |
Northern States Power Co. | ||
6.25%, 06/01/36 | 620,000 | 926,345 |
6.20%, 07/01/37 | 150,000 | 227,145 |
3.40%, 08/15/42 (a) | 45,000 | 51,365 |
4.00%, 08/15/45 (a) | 250,000 | 308,419 |
3.60%, 05/15/46 (a) | 300,000 | 353,545 |
3.60%, 09/15/47 (a) | 250,000 | 294,659 |
2.90%, 03/01/50 (a) | 200,000 | 218,936 |
NorthWestern Corp. | ||
4.18%, 11/15/44 (a) | 260,000 | 315,181 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 150,000 | 169,216 |
3.25%, 05/15/29 (a) | 250,000 | 285,559 |
5.50%, 03/15/40 | 150,000 | 205,701 |
4.40%, 03/01/44 (a) | 150,000 | 188,248 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 150,000 | 195,067 |
5.38%, 11/01/40 | 150,000 | 179,103 |
5.05%, 10/01/48 (a) | 100,000 | 113,747 |
5.25%, 09/01/50 | 150,000 | 175,047 |
Ohio Power Co. | ||
5.38%, 10/01/21 | 250,000 | 264,986 |
2.60%, 04/01/30 (a) | 200,000 | 214,966 |
4.00%, 06/01/49 (a) | 250,000 | 304,480 |
Oklahoma Gas and Electric Co. | ||
3.30%, 03/15/30 (a) | 125,000 | 136,766 |
3.25%, 04/01/30 (a) | 150,000 | 164,688 |
4.15%, 04/01/47 (a) | 240,000 | 280,650 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 350,000 | 379,608 |
3.70%, 11/15/28 (a) | 265,000 | 312,695 |
5.75%, 03/15/29 (a) | 73,000 | 95,830 |
7.00%, 05/01/32 | 250,000 | 370,324 |
7.50%, 09/01/38 | 200,000 | 329,463 |
4.55%, 12/01/41 (a) | 800,000 | 1,027,544 |
3.75%, 04/01/45 (a) | 200,000 | 238,477 |
4.10%, 11/15/48 (a) | 150,000 | 190,414 |
3.80%, 06/01/49 (a) | 150,000 | 183,532 |
3.10%, 09/15/49 (a) | 200,000 | 221,804 |
3.70%, 05/15/50 (a)(d) | 150,000 | 182,124 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Pacific Gas and Electric Co. | ||
2.10%, 08/01/27 (a) | 200,000 | 198,176 |
3.30%, 08/01/40 (a) | 250,000 | 244,185 |
PacifiCorp | ||
3.85%, 06/15/21 (a) | 150,000 | 153,782 |
2.95%, 02/01/22 (a) | 83,000 | 85,967 |
3.50%, 06/15/29 (a) | 100,000 | 115,186 |
2.70%, 09/15/30 (a) | 150,000 | 163,918 |
7.70%, 11/15/31 | 100,000 | 153,900 |
6.35%, 07/15/38 | 350,000 | 521,419 |
6.00%, 01/15/39 | 100,000 | 147,372 |
4.13%, 01/15/49 (a) | 250,000 | 311,901 |
4.15%, 02/15/50 (a) | 300,000 | 378,195 |
3.30%, 03/15/51 (a) | 250,000 | 276,289 |
PECO Energy Co. | ||
1.70%, 09/15/21 (a) | 100,000 | 101,761 |
3.90%, 03/01/48 (a) | 1,000,000 | 1,232,205 |
3.00%, 09/15/49 (a) | 100,000 | 107,606 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 150,000 | 151,979 |
Potomac Electric Power Co. | ||
3.60%, 03/15/24 (a) | 250,000 | 273,544 |
4.15%, 03/15/43 (a) | 100,000 | 121,532 |
PPL Capital Funding, Inc. | ||
4.20%, 06/15/22 (a) | 100,000 | 106,069 |
3.40%, 06/01/23 (a) | 750,000 | 796,526 |
4.13%, 04/15/30 (a) | 350,000 | 399,462 |
4.70%, 06/01/43 (a) | 100,000 | 115,277 |
5.00%, 03/15/44 (a) | 250,000 | 300,917 |
PPL Electric Utilities Corp. | ||
6.25%, 05/15/39 | 500,000 | 752,110 |
4.15%, 06/15/48 (a) | 550,000 | 695,915 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 250,000 | 365,144 |
7.00%, 10/30/31 | 60,000 | 84,770 |
6.00%, 12/01/39 | 85,000 | 116,724 |
PSEG Power LLC | ||
3.00%, 06/15/21 (a) | 1,593,000 | 1,626,286 |
Public Service Co. of Colorado | ||
2.25%, 09/15/22 (a) | 350,000 | 360,421 |
3.70%, 06/15/28 (a) | 150,000 | 174,866 |
1.90%, 01/15/31 (a) | 155,000 | 158,481 |
6.25%, 09/01/37 | 200,000 | 301,571 |
4.05%, 09/15/49 (a) | 150,000 | 188,387 |
3.20%, 03/01/50 (a) | 150,000 | 169,564 |
Public Service Co. of New Hampshire | ||
3.50%, 11/01/23 (a) | 300,000 | 325,366 |
3.60%, 07/01/49 (a) | 250,000 | 289,747 |
Public Service Electric and Gas Co. | ||
3.00%, 05/15/27 (a) | 150,000 | 165,345 |
2.45%, 01/15/30 (a) | 100,000 | 107,545 |
3.95%, 05/01/42 (a) | 100,000 | 121,330 |
3.80%, 01/01/43 (a) | 25,000 | 29,447 |
3.80%, 03/01/46 (a) | 200,000 | 241,629 |
3.60%, 12/01/47 (a) | 500,000 | 590,247 |
3.85%, 05/01/49 (a) | 250,000 | 310,740 |
3.20%, 08/01/49 (a) | 150,000 | 168,185 |
3.15%, 01/01/50 (a) | 200,000 | 223,159 |
2.70%, 05/01/50 (a) | 250,000 | 258,614 |
Public Service Enterprise Group, Inc. | ||
2.65%, 11/15/22 (a) | 150,000 | 156,682 |
2.88%, 06/15/24 (a) | 250,000 | 267,486 |
Puget Energy, Inc. | ||
6.00%, 09/01/21 | 250,000 | 262,779 |
4.10%, 06/15/30 (a)(d) | 200,000 | 221,895 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Puget Sound Energy, Inc. | ||
5.80%, 03/15/40 | 200,000 | 279,114 |
5.64%, 04/15/41 (a) | 250,000 | 348,207 |
4.30%, 05/20/45 (a) | 150,000 | 184,921 |
4.22%, 06/15/48 (a) | 250,000 | 320,552 |
3.25%, 09/15/49 (a) | 150,000 | 163,889 |
San Diego Gas & Electric Co. | ||
3.00%, 08/15/21 | 250,000 | 256,109 |
3.60%, 09/01/23 (a) | 100,000 | 106,681 |
2.50%, 05/15/26 (a) | 200,000 | 216,436 |
3.75%, 06/01/47 (a) | 150,000 | 173,293 |
4.15%, 05/15/48 (a) | 169,000 | 207,921 |
4.10%, 06/15/49 (a) | 40,000 | 49,544 |
3.32%, 04/15/50 (a) | 150,000 | 165,635 |
Sempra Energy | ||
3.55%, 06/15/24 (a) | 400,000 | 435,218 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 200,000 | 217,300 |
Southern California Edison Co. | ||
2.40%, 02/01/22 (a) | 200,000 | 203,217 |
3.50%, 10/01/23 (a) | 250,000 | 268,127 |
4.20%, 03/01/29 (a) | 150,000 | 174,496 |
6.65%, 04/01/29 | 500,000 | 621,865 |
2.85%, 08/01/29 (a) | 150,000 | 159,404 |
2.25%, 06/01/30 (a) | 150,000 | 152,387 |
6.00%, 01/15/34 | 100,000 | 136,572 |
5.35%, 07/15/35 | 250,000 | 323,411 |
5.55%, 01/15/37 | 500,000 | 641,905 |
5.95%, 02/01/38 | 500,000 | 662,777 |
5.50%, 03/15/40 | 200,000 | 262,786 |
4.05%, 03/15/42 (a) | 105,000 | 119,993 |
3.90%, 03/15/43 (a) | 200,000 | 223,093 |
4.65%, 10/01/43 (a) | 300,000 | 367,638 |
4.00%, 04/01/47 (a) | 500,000 | 573,935 |
4.13%, 03/01/48 (a) | 550,000 | 640,522 |
4.88%, 03/01/49 (a) | 150,000 | 193,382 |
3.65%, 02/01/50 (a) | 400,000 | 442,386 |
Southern Co. | ||
2.35%, 07/01/21 (a) | 500,000 | 508,682 |
2.95%, 07/01/23 (a) | 500,000 | 529,922 |
3.25%, 07/01/26 (a) | 550,000 | 614,556 |
3.70%, 04/30/30 (a) | 500,000 | 570,557 |
4.25%, 07/01/36 (a) | 250,000 | 284,947 |
4.40%, 07/01/46 (a) | 450,000 | 538,654 |
5.50%, 03/15/57 (a)(b) | 150,000 | 152,162 |
Southern Power Co. | ||
2.50%, 12/15/21 (a) | 100,000 | 102,587 |
5.15%, 09/15/41 | 650,000 | 742,700 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 500,000 | 538,117 |
4.10%, 09/15/28 (a) | 200,000 | 229,594 |
3.90%, 04/01/45 (a) | 100,000 | 107,454 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 186,552 |
3.40%, 08/15/46 (a) | 100,000 | 110,339 |
3.70%, 08/15/47 (a) | 150,000 | 171,607 |
3.75%, 06/15/49 (a) | 100,000 | 116,539 |
3.15%, 05/01/50 (a) | 250,000 | 266,469 |
Tampa Electric Co. | ||
4.30%, 06/15/48 (a) | 550,000 | 693,269 |
Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 145,403 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 250,000 | 269,317 |
4.85%, 12/01/48 (a) | 100,000 | 131,120 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Union Electric Co. | ||
2.95%, 06/15/27 (a) | 44,000 | 48,355 |
3.50%, 03/15/29 (a) | 750,000 | 859,729 |
2.95%, 03/15/30 (a) | 150,000 | 167,981 |
3.90%, 09/15/42 (a) | 115,000 | 136,264 |
3.65%, 04/15/45 (a) | 100,000 | 115,553 |
4.00%, 04/01/48 (a) | 250,000 | 304,021 |
3.25%, 10/01/49 (a) | 100,000 | 109,283 |
Virginia Electric and Power Co. | ||
2.95%, 01/15/22 (a) | 250,000 | 257,041 |
2.75%, 03/15/23 (a) | 481,000 | 506,022 |
3.45%, 02/15/24 (a) | 250,000 | 271,152 |
3.15%, 01/15/26 (a) | 250,000 | 279,251 |
2.95%, 11/15/26 (a) | 200,000 | 221,737 |
3.50%, 03/15/27 (a) | 700,000 | 796,222 |
2.88%, 07/15/29 (a) | 150,000 | 165,821 |
6.00%, 05/15/37 | 550,000 | 783,984 |
8.88%, 11/15/38 | 150,000 | 271,918 |
4.00%, 01/15/43 (a) | 100,000 | 120,358 |
4.45%, 02/15/44 (a) | 500,000 | 627,547 |
3.80%, 09/15/47 (a) | 300,000 | 352,590 |
4.60%, 12/01/48 (a) | 150,000 | 197,789 |
3.30%, 12/01/49 (a) | 200,000 | 224,304 |
WEC Energy Group, Inc. | ||
3.38%, 06/15/21 | 250,000 | 257,144 |
3.10%, 03/08/22 | 250,000 | 260,311 |
3.55%, 06/15/25 (a) | 120,000 | 134,177 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 100,000 | 105,706 |
4.30%, 10/15/48 (a) | 125,000 | 155,203 |
Wisconsin Power and Light Co. | ||
3.00%, 07/01/29 (a) | 250,000 | 275,674 |
3.65%, 04/01/50 (a) | 150,000 | 175,468 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 250,000 | 278,001 |
4.75%, 11/01/44 (a) | 100,000 | 128,509 |
3.30%, 09/01/49 (a) | 300,000 | 331,086 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 200,000 | 219,948 |
4.00%, 06/15/28 (a) | 250,000 | 293,326 |
2.60%, 12/01/29 (a) | 200,000 | 214,801 |
3.40%, 06/01/30 (a) | 250,000 | 285,282 |
6.50%, 07/01/36 | 140,000 | 201,061 |
3.50%, 12/01/49 (a) | 200,000 | 223,188 |
151,840,481 | ||
Natural Gas 0.1% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 650,000 | 720,122 |
5.50%, 06/15/41 (a) | 150,000 | 209,085 |
4.15%, 01/15/43 (a) | 100,000 | 122,265 |
4.13%, 10/15/44 (a) | 100,000 | 123,316 |
4.30%, 10/01/48 (a) | 100,000 | 128,812 |
4.13%, 03/15/49 (a) | 150,000 | 188,023 |
3.38%, 09/15/49 (a) | 150,000 | 169,812 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 50,000 | 56,608 |
5.85%, 01/15/41 (a) | 250,000 | 327,807 |
4.10%, 09/01/47 (a) | 100,000 | 111,984 |
National Grid USA | ||
5.80%, 04/01/35 | 100,000 | 128,486 |
NiSource, Inc. | ||
2.65%, 11/17/22 (a) | 150,000 | 156,722 |
3.65%, 06/15/23 (a) | 232,000 | 250,692 |
3.49%, 05/15/27 (a) | 225,000 | 254,530 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.95%, 09/01/29 (a) | 100,000 | 109,421 |
3.60%, 05/01/30 (a) | 350,000 | 401,541 |
4.80%, 02/15/44 (a) | 775,000 | 955,424 |
5.65%, 02/01/45 (a) | 300,000 | 413,635 |
4.38%, 05/15/47 (a) | 150,000 | 183,374 |
3.95%, 03/30/48 (a) | 100,000 | 115,765 |
ONE Gas, Inc. | ||
3.61%, 02/01/24 (a) | 100,000 | 109,243 |
2.00%, 05/15/30 (a) | 250,000 | 256,110 |
4.66%, 02/01/44 (a) | 200,000 | 251,897 |
4.50%, 11/01/48 (a) | 100,000 | 127,866 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 270,000 | 308,278 |
3.64%, 11/01/46 (a) | 110,000 | 122,538 |
3.35%, 06/01/50 (a) | 150,000 | 165,242 |
Sempra Energy | ||
2.88%, 10/01/22 (a) | 150,000 | 155,788 |
2.90%, 02/01/23 (a) | 250,000 | 262,177 |
4.05%, 12/01/23 (a) | 200,000 | 218,007 |
3.75%, 11/15/25 (a) | 135,000 | 150,279 |
3.25%, 06/15/27 (a) | 150,000 | 165,205 |
3.40%, 02/01/28 (a) | 250,000 | 275,060 |
3.80%, 02/01/38 (a) | 150,000 | 162,849 |
6.00%, 10/15/39 | 350,000 | 483,343 |
4.00%, 02/01/48 (a) | 250,000 | 285,475 |
Southern California Gas Co. | ||
2.60%, 06/15/26 (a) | 400,000 | 435,638 |
2.55%, 02/01/30 (a) | 250,000 | 270,691 |
3.75%, 09/15/42 (a) | 100,000 | 115,204 |
4.13%, 06/01/48 (a) | 150,000 | 188,017 |
4.30%, 01/15/49 (a) | 400,000 | 509,180 |
3.95%, 02/15/50 (a) | 150,000 | 184,924 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 108,351 |
3.95%, 10/01/46 (a) | 650,000 | 712,159 |
4.40%, 05/30/47 (a) | 250,000 | 299,966 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 250,000 | 256,996 |
4.15%, 06/01/49 (a) | 100,000 | 116,041 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 55,000 | 62,214 |
3.65%, 09/15/49 (a) | 250,000 | 278,802 |
12,164,964 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 250,000 | 277,793 |
3.75%, 09/01/28 (a) | 250,000 | 290,153 |
3.45%, 06/01/29 (a) | 250,000 | 285,859 |
2.80%, 05/01/30 (a) | 200,000 | 218,765 |
6.59%, 10/15/37 | 450,000 | 674,111 |
4.00%, 12/01/46 (a) | 90,000 | 108,126 |
3.75%, 09/01/47 (a) | 400,000 | 466,224 |
4.20%, 09/01/48 (a) | 250,000 | 312,561 |
4.15%, 06/01/49 (a) | 150,000 | 187,442 |
3.45%, 05/01/50 (a) | 200,000 | 226,318 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 250,000 | 279,396 |
2.70%, 04/15/30 (a) | 200,000 | 209,593 |
4.28%, 05/01/49 (a) | 150,000 | 181,773 |
3.35%, 04/15/50 (a) | 200,000 | 210,403 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Veolia Environnement S.A. | ||
6.75%, 06/01/38 | 100,000 | 146,223 |
4,074,740 | ||
168,080,185 | ||
Total Corporates | ||
(Cost $1,984,296,786) | 2,158,083,002 | |
Treasuries 36.7% of net assets | ||
Bonds | ||
8.00%, 11/15/21 | 3,145,000 | 3,483,640 |
7.25%, 08/15/22 | 1,498,000 | 1,723,461 |
7.63%, 11/15/22 | 2,198,000 | 2,586,943 |
7.13%, 02/15/23 | 1,498,000 | 1,772,497 |
6.25%, 08/15/23 | 2,248,000 | 2,674,857 |
7.50%, 11/15/24 | 1,748,000 | 2,299,166 |
7.63%, 02/15/25 | 1,000,000 | 1,338,594 |
6.88%, 08/15/25 | 1,200,000 | 1,601,391 |
6.00%, 02/15/26 | 1,889,000 | 2,482,485 |
6.75%, 08/15/26 | 1,209,000 | 1,675,079 |
6.50%, 11/15/26 | 1,748,000 | 2,419,136 |
6.63%, 02/15/27 | 1,000,000 | 1,404,922 |
6.38%, 08/15/27 | 1,200,000 | 1,698,000 |
6.13%, 11/15/27 | 2,934,000 | 4,138,086 |
5.50%, 08/15/28 | 1,748,000 | 2,439,689 |
5.25%, 11/15/28 | 2,248,000 | 3,114,534 |
5.25%, 02/15/29 | 2,774,000 | 3,871,680 |
6.13%, 08/15/29 | 4,744,000 | 7,091,539 |
6.25%, 05/15/30 | 3,131,000 | 4,824,675 |
5.38%, 02/15/31 | 4,194,000 | 6,235,954 |
4.50%, 02/15/36 | 3,244,000 | 4,968,135 |
4.75%, 02/15/37 | 1,682,000 | 2,684,367 |
5.00%, 05/15/37 | 3,348,000 | 5,494,120 |
4.38%, 02/15/38 | 2,796,000 | 4,348,217 |
4.50%, 05/15/38 | 2,996,000 | 4,729,467 |
3.50%, 02/15/39 | 2,472,000 | 3,499,811 |
4.25%, 05/15/39 | 4,046,000 | 6,255,179 |
4.50%, 08/15/39 | 3,746,000 | 5,968,724 |
4.38%, 11/15/39 | 4,625,000 | 7,276,787 |
4.63%, 02/15/40 | 4,005,000 | 6,499,051 |
1.13%, 05/15/40 | 12,700,000 | 12,583,914 |
4.38%, 05/15/40 | 4,194,000 | 6,629,469 |
3.88%, 08/15/40 | 5,394,000 | 8,041,696 |
4.25%, 11/15/40 | 4,853,000 | 7,586,983 |
4.75%, 02/15/41 | 4,692,000 | 7,787,620 |
4.38%, 05/15/41 | 4,144,000 | 6,593,493 |
3.75%, 08/15/41 | 3,317,000 | 4,889,206 |
3.13%, 11/15/41 | 5,444,000 | 7,374,919 |
3.13%, 02/15/42 | 5,682,000 | 7,713,315 |
3.00%, 05/15/42 | 1,998,000 | 2,662,023 |
2.75%, 08/15/42 | 6,391,000 | 8,197,955 |
2.75%, 11/15/42 | 9,008,000 | 11,543,611 |
3.13%, 02/15/43 | 8,086,000 | 10,966,638 |
2.88%, 05/15/43 | 8,831,000 | 11,541,013 |
3.63%, 08/15/43 | 9,417,000 | 13,760,591 |
3.75%, 11/15/43 | 5,750,000 | 8,562,109 |
3.63%, 02/15/44 | 10,177,000 | 14,905,330 |
3.38%, 05/15/44 | 10,794,000 | 15,272,667 |
3.13%, 08/15/44 | 12,682,000 | 17,301,022 |
3.00%, 11/15/44 | 12,136,000 | 16,255,603 |
2.50%, 02/15/45 | 10,782,000 | 13,302,293 |
3.00%, 05/15/45 | 9,334,000 | 12,535,270 |
2.88%, 08/15/45 | 10,632,000 | 14,010,983 |
3.00%, 11/15/45 | 6,482,000 | 8,738,040 |
2.50%, 02/15/46 | 10,986,000 | 13,610,624 |
2.50%, 05/15/46 | 9,982,000 | 12,384,699 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.25%, 08/15/46 | 13,178,000 | 15,632,402 |
2.88%, 11/15/46 | 10,669,000 | 14,191,437 |
3.00%, 02/15/47 | 11,134,000 | 15,169,205 |
3.00%, 05/15/47 | 11,588,000 | 15,799,514 |
2.75%, 08/15/47 | 11,430,000 | 14,938,474 |
2.75%, 11/15/47 | 14,828,000 | 19,403,828 |
3.00%, 02/15/48 | 12,034,000 | 16,478,119 |
3.13%, 05/15/48 | 15,120,000 | 21,193,987 |
3.00%, 08/15/48 | 16,328,000 | 22,458,654 |
3.38%, 11/15/48 | 11,384,000 | 16,730,033 |
3.00%, 02/15/49 | 16,426,000 | 22,684,563 |
2.88%, 05/15/49 | 16,676,000 | 22,564,712 |
2.25%, 08/15/49 | 16,476,000 | 19,818,826 |
2.38%, 11/15/49 | 15,478,000 | 19,118,958 |
2.00%, 02/15/50 | 12,698,000 | 14,546,154 |
1.25%, 05/15/50 | 18,900,000 | 18,163,195 |
Notes | ||
1.13%, 08/31/21 | 10,786,000 | 10,906,289 |
1.50%, 08/31/21 | 8,788,000 | 8,924,626 |
2.00%, 08/31/21 | 5,946,000 | 6,073,165 |
2.75%, 09/15/21 (h) | 30,654,000 | 31,610,141 |
1.13%, 09/30/21 | 9,388,000 | 9,500,949 |
1.50%, 09/30/21 | 12,982,000 | 13,198,536 |
2.13%, 09/30/21 | 10,742,000 | 11,004,885 |
2.88%, 10/15/21 | 12,184,000 | 12,609,964 |
1.25%, 10/31/21 | 12,438,000 | 12,618,740 |
1.50%, 10/31/21 | 14,980,000 | 15,247,124 |
2.00%, 10/31/21 | 8,788,000 | 9,003,237 |
2.00%, 11/15/21 | 12,284,000 | 12,593,499 |
2.88%, 11/15/21 | 11,984,000 | 12,428,953 |
1.50%, 11/30/21 | 17,974,000 | 18,315,225 |
1.75%, 11/30/21 | 11,784,000 | 12,049,370 |
1.88%, 11/30/21 | 8,988,000 | 9,206,205 |
2.63%, 12/15/21 | 14,480,000 | 14,998,678 |
1.63%, 12/31/21 | 8,192,000 | 8,371,840 |
2.00%, 12/31/21 | 10,486,000 | 10,774,160 |
2.13%, 12/31/21 | 9,238,000 | 9,509,186 |
2.50%, 01/15/22 | 14,780,000 | 15,311,734 |
1.38%, 01/31/22 | 11,984,000 | 12,214,083 |
1.50%, 01/31/22 | 9,088,000 | 9,280,232 |
1.88%, 01/31/22 | 14,780,000 | 15,180,099 |
2.00%, 02/15/22 | 13,582,000 | 13,987,338 |
2.50%, 02/15/22 | 12,482,000 | 12,954,463 |
1.13%, 02/28/22 | 4,998,000 | 5,078,437 |
1.75%, 02/28/22 | 10,586,000 | 10,865,537 |
1.88%, 02/28/22 | 8,338,000 | 8,575,438 |
2.38%, 03/15/22 | 13,980,000 | 14,506,707 |
1.75%, 03/31/22 | 9,942,000 | 10,217,929 |
1.88%, 03/31/22 | 11,184,000 | 11,518,428 |
2.25%, 04/15/22 | 11,982,000 | 12,428,751 |
0.13%, 04/30/22 | 4,000,000 | 3,997,578 |
1.75%, 04/30/22 | 8,988,000 | 9,249,916 |
1.88%, 04/30/22 | 11,910,000 | 12,282,885 |
1.75%, 05/15/22 | 12,190,000 | 12,553,081 |
2.13%, 05/15/22 | 14,182,000 | 14,701,914 |
0.13%, 05/31/22 | 9,600,000 | 9,593,813 |
1.75%, 05/31/22 | 15,986,000 | 16,470,263 |
1.88%, 05/31/22 | 11,990,000 | 12,382,954 |
1.75%, 06/15/22 | 11,492,000 | 11,849,554 |
0.13%, 06/30/22 | 10,000,000 | 9,994,336 |
1.75%, 06/30/22 | 10,486,000 | 10,818,193 |
2.13%, 06/30/22 | 5,692,000 | 5,915,567 |
1.75%, 07/15/22 | 14,980,000 | 15,463,924 |
1.88%, 07/31/22 | 6,792,000 | 7,034,230 |
2.00%, 07/31/22 | 9,488,000 | 9,851,213 |
1.50%, 08/15/22 | 11,490,000 | 11,817,196 |
1.63%, 08/15/22 | 3,891,000 | 4,012,442 |
1.63%, 08/31/22 | 10,488,000 | 10,819,847 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.88%, 08/31/22 | 8,988,000 | 9,321,188 |
1.50%, 09/15/22 | 8,988,000 | 9,254,831 |
1.75%, 09/30/22 | 8,442,000 | 8,743,406 |
1.88%, 09/30/22 | 8,488,000 | 8,814,921 |
1.38%, 10/15/22 | 13,482,000 | 13,855,388 |
1.88%, 10/31/22 | 9,986,000 | 10,384,660 |
2.00%, 10/31/22 | 10,586,000 | 11,038,800 |
1.63%, 11/15/22 | 22,645,000 | 23,430,498 |
2.00%, 11/30/22 | 18,072,000 | 18,872,533 |
1.63%, 12/15/22 | 12,288,000 | 12,730,080 |
2.13%, 12/31/22 | 19,472,000 | 20,425,063 |
1.50%, 01/15/23 | 486,000 | 502,403 |
1.75%, 01/31/23 | 2,298,000 | 2,391,536 |
2.38%, 01/31/23 | 10,486,000 | 11,081,982 |
1.38%, 02/15/23 | 6,492,000 | 6,697,411 |
2.00%, 02/15/23 | 5,372,000 | 5,629,898 |
1.50%, 02/28/23 | 1,998,000 | 2,068,945 |
2.63%, 02/28/23 | 2,488,000 | 2,650,595 |
0.50%, 03/15/23 | 5,300,000 | 5,347,617 |
1.50%, 03/31/23 | 6,990,000 | 7,245,845 |
2.50%, 03/31/23 | 8,090,000 | 8,607,318 |
0.25%, 04/15/23 | 4,000,000 | 4,009,375 |
1.63%, 04/30/23 | 7,990,000 | 8,317,715 |
2.75%, 04/30/23 | 10,686,000 | 11,463,657 |
0.13%, 05/15/23 | 8,900,000 | 8,887,832 |
1.75%, 05/15/23 | 15,680,000 | 16,391,112 |
1.63%, 05/31/23 | 7,838,000 | 8,169,584 |
2.75%, 05/31/23 | 9,984,000 | 10,732,020 |
0.25%, 06/15/23 | 10,000,000 | 10,022,266 |
1.38%, 06/30/23 | 5,494,000 | 5,691,655 |
2.63%, 06/30/23 | 10,968,000 | 11,771,749 |
1.25%, 07/31/23 | 6,242,000 | 6,449,010 |
2.75%, 07/31/23 | 2,896,000 | 3,125,078 |
2.50%, 08/15/23 | 12,152,000 | 13,032,545 |
1.38%, 08/31/23 | 5,992,000 | 6,219,041 |
2.75%, 08/31/23 | 8,494,000 | 9,182,147 |
1.38%, 09/30/23 | 6,742,000 | 7,003,779 |
2.88%, 09/30/23 | 20,472,000 | 22,255,303 |
1.63%, 10/31/23 | 7,740,000 | 8,110,371 |
2.88%, 10/31/23 | 9,986,000 | 10,876,548 |
2.75%, 11/15/23 | 13,278,000 | 14,420,634 |
2.13%, 11/30/23 | 11,234,000 | 11,972,987 |
2.88%, 11/30/23 | 17,476,000 | 19,072,050 |
2.25%, 12/31/23 | 7,342,000 | 7,867,125 |
2.63%, 12/31/23 | 17,776,000 | 19,281,405 |
2.25%, 01/31/24 | 6,694,000 | 7,184,022 |
2.50%, 01/31/24 | 21,970,000 | 23,772,227 |
2.75%, 02/15/24 | 16,595,000 | 18,120,962 |
2.13%, 02/29/24 | 9,238,000 | 9,885,382 |
2.38%, 02/29/24 | 12,982,000 | 14,010,418 |
2.13%, 03/31/24 | 22,218,000 | 23,805,372 |
2.00%, 04/30/24 | 6,494,000 | 6,935,896 |
2.25%, 04/30/24 | 18,574,000 | 20,014,936 |
2.50%, 05/15/24 (h) | 22,698,000 | 24,693,828 |
2.00%, 05/31/24 | 19,468,000 | 20,817,832 |
1.75%, 06/30/24 | 13,032,000 | 13,823,592 |
2.00%, 06/30/24 | 8,240,000 | 8,821,306 |
1.75%, 07/31/24 | 15,078,000 | 16,009,184 |
2.13%, 07/31/24 | 8,488,000 | 9,140,515 |
2.38%, 08/15/24 | 22,568,000 | 24,548,871 |
1.25%, 08/31/24 | 10,386,000 | 10,820,914 |
1.88%, 08/31/24 | 9,490,000 | 10,135,394 |
1.50%, 09/30/24 | 12,982,000 | 13,671,162 |
2.13%, 09/30/24 | 11,284,000 | 12,181,431 |
1.50%, 10/31/24 | 14,480,000 | 15,259,997 |
2.25%, 10/31/24 | 9,238,000 | 10,034,056 |
2.25%, 11/15/24 | 21,870,000 | 23,770,810 |
1.50%, 11/30/24 | 14,480,000 | 15,274,137 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.13%, 11/30/24 | 8,988,000 | 9,726,701 |
1.75%, 12/31/24 | 10,482,000 | 11,180,937 |
2.25%, 12/31/24 | 8,988,000 | 9,789,196 |
1.38%, 01/31/25 | 7,996,000 | 8,399,860 |
2.50%, 01/31/25 | 8,488,000 | 9,352,052 |
2.00%, 02/15/25 | 13,686,000 | 14,774,999 |
1.13%, 02/28/25 | 998,000 | 1,037,881 |
2.75%, 02/28/25 | 7,390,000 | 8,238,695 |
0.50%, 03/31/25 | 11,700,000 | 11,823,399 |
2.63%, 03/31/25 | 2,724,000 | 3,025,662 |
0.38%, 04/30/25 | 5,000,000 | 5,022,266 |
2.88%, 04/30/25 | 10,986,000 | 12,351,526 |
2.13%, 05/15/25 | 19,380,400 | 21,101,925 |
0.25%, 05/31/25 | 6,700,000 | 6,691,102 |
2.88%, 05/31/25 | 9,288,000 | 10,458,796 |
0.25%, 06/30/25 | 11,000,000 | 10,979,805 |
2.75%, 06/30/25 | 8,988,000 | 10,081,306 |
2.88%, 07/31/25 | 10,386,000 | 11,732,123 |
2.00%, 08/15/25 | 22,668,000 | 24,615,146 |
2.75%, 08/31/25 | 9,736,000 | 10,951,859 |
3.00%, 09/30/25 | 13,682,000 | 15,588,929 |
3.00%, 10/31/25 | 8,788,000 | 10,027,589 |
2.25%, 11/15/25 | 19,872,000 | 21,896,460 |
2.88%, 11/30/25 | 13,182,000 | 14,974,958 |
2.63%, 12/31/25 | 9,686,000 | 10,886,534 |
2.63%, 01/31/26 | 8,738,000 | 9,833,663 |
1.63%, 02/15/26 | 20,672,000 | 22,117,425 |
2.50%, 02/28/26 | 15,776,000 | 17,664,806 |
2.25%, 03/31/26 | 10,086,000 | 11,161,577 |
2.38%, 04/30/26 | 8,084,000 | 9,013,028 |
1.63%, 05/15/26 | 20,285,000 | 21,739,023 |
2.13%, 05/31/26 | 9,388,000 | 10,338,535 |
1.88%, 06/30/26 | 11,484,000 | 12,487,056 |
1.88%, 07/31/26 | 7,484,000 | 8,142,650 |
1.50%, 08/15/26 | 18,724,000 | 19,953,494 |
1.38%, 08/31/26 | 10,486,000 | 11,096,318 |
1.63%, 09/30/26 | 7,490,000 | 8,043,265 |
1.63%, 10/31/26 | 11,084,000 | 11,908,373 |
2.00%, 11/15/26 | 12,482,000 | 13,706,796 |
1.63%, 11/30/26 | 9,986,000 | 10,733,390 |
1.75%, 12/31/26 | 6,990,000 | 7,572,136 |
1.50%, 01/31/27 | 7,190,000 | 7,676,448 |
2.25%, 02/15/27 | 15,126,000 | 16,896,215 |
1.13%, 02/28/27 | 4,800,000 | 5,008,125 |
0.63%, 03/31/27 | 2,000,000 | 2,020,156 |
0.50%, 04/30/27 | 4,850,000 | 4,857,199 |
2.38%, 05/15/27 | 18,920,000 | 21,352,994 |
0.50%, 05/31/27 | 7,000,000 | 7,007,109 |
0.50%, 06/30/27 | 8,500,000 | 8,507,969 |
2.25%, 08/15/27 | 18,972,000 | 21,309,410 |
2.25%, 11/15/27 | 18,574,000 | 20,918,967 |
2.75%, 02/15/28 | 19,822,000 | 23,126,699 |
2.88%, 05/15/28 (h) | 21,770,000 | 25,695,403 |
2.88%, 08/15/28 (h) | 21,268,000 | 25,192,611 |
3.13%, 11/15/28 (h) | 25,214,000 | 30,489,242 |
2.63%, 02/15/29 (h) | 23,666,000 | 27,737,292 |
2.38%, 05/15/29 (h) | 22,558,000 | 26,036,867 |
1.63%, 08/15/29 (h) | 19,466,000 | 21,242,272 |
1.75%, 11/15/29 | 15,966,000 | 17,629,957 |
1.50%, 02/15/30 | 21,098,000 | 22,810,564 |
0.63%, 05/15/30 | 19,100,000 | 19,050,758 |
Total Treasuries | ||
(Cost $2,647,243,141) | 2,915,055,835 | |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Government Related 6.0% of net assets | ||
Agency 2.5% | ||
Foreign 1.0% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
2.88%, 09/07/21 | 250,000 | 257,611 |
2.38%, 10/01/21 | 450,000 | 461,531 |
2.63%, 01/31/22 | 350,000 | 362,747 |
1.63%, 09/17/22 | 500,000 | 514,323 |
2.88%, 03/13/23 | 850,000 | 907,613 |
1.50%, 02/12/25 | 700,000 | 731,210 |
3,235,035 | ||
British Virgin 0.0% | ||
CNOOC Finance 2013 Ltd. | ||
3.00%, 05/09/23 | 750,000 | 783,821 |
2.88%, 09/30/29 (a) | 300,000 | 319,431 |
3.30%, 09/30/49 (a) | 200,000 | 210,661 |
1,313,913 | ||
Canada 0.1% | ||
CNOOC Finance 2014 ULC | ||
4.25%, 04/30/24 | 700,000 | 770,130 |
4.88%, 04/30/44 | 250,000 | 326,199 |
Export Development Canada | ||
1.38%, 10/21/21 | 250,000 | 253,596 |
2.00%, 05/17/22 | 250,000 | 258,106 |
1.75%, 07/18/22 | 750,000 | 772,740 |
2.50%, 01/24/23 | 600,000 | 633,714 |
1.38%, 02/24/23 | 800,000 | 822,912 |
2.75%, 03/15/23 | 450,000 | 479,531 |
2.63%, 02/21/24 | 650,000 | 702,816 |
Nexen, Inc. | ||
5.88%, 03/10/35 | 500,000 | 690,840 |
6.40%, 05/15/37 | 750,000 | 1,071,206 |
6,781,790 | ||
China 0.0% | ||
Industrial & Commercial Bank of China Ltd. | ||
2.45%, 10/20/21 | 250,000 | 254,048 |
2.96%, 11/08/22 | 250,000 | 259,763 |
3.54%, 11/08/27 | 250,000 | 276,117 |
789,928 | ||
Colombia 0.0% | ||
Ecopetrol S.A. | ||
5.88%, 09/18/23 | 500,000 | 537,450 |
4.13%, 01/16/25 | 427,000 | 428,003 |
5.38%, 06/26/26 (a) | 378,000 | 398,259 |
6.88%, 04/29/30 (a) | 700,000 | 803,922 |
7.38%, 09/18/43 | 300,000 | 362,696 |
5.88%, 05/28/45 | 650,000 | 685,015 |
3,215,345 | ||
Germany 0.4% | ||
FMS Wertmanagement | ||
2.00%, 08/01/22 (i) | 700,000 | 724,976 |
2.75%, 03/06/23 (i) | 275,000 | 292,977 |
2.75%, 01/30/24 (i) | 700,000 | 759,448 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Kreditanstalt fuer Wiederaufbau | ||
1.50%, 06/15/21 (i) | 1,600,000 | 1,619,408 |
2.38%, 08/25/21 (i) | 1,000,000 | 1,024,515 |
2.00%, 11/30/21 (i) | 300,000 | 307,337 |
3.13%, 12/15/21 (i) | 1,500,000 | 1,562,370 |
2.63%, 01/25/22 (i) | 1,250,000 | 1,296,612 |
2.50%, 02/15/22 (i) | 1,600,000 | 1,658,152 |
2.13%, 03/07/22 (i) | 1,450,000 | 1,495,769 |
2.13%, 06/15/22 (i) | 1,250,000 | 1,295,912 |
1.75%, 08/22/22 (i) | 250,000 | 258,060 |
2.00%, 09/29/22 (i) | 2,500,000 | 2,598,350 |
2.00%, 10/04/22 (i) | 750,000 | 779,393 |
2.38%, 12/29/22 (i) | 1,700,000 | 1,789,182 |
2.13%, 01/17/23 (i) | 1,050,000 | 1,099,413 |
1.63%, 02/15/23 (i) | 1,700,000 | 1,759,780 |
2.63%, 02/28/24 (i) | 1,500,000 | 1,625,362 |
1.38%, 08/05/24 (i) | 1,400,000 | 1,456,504 |
2.50%, 11/20/24 (i) | 2,200,000 | 2,400,662 |
2.88%, 04/03/28 (i) | 1,100,000 | 1,280,680 |
1.75%, 09/14/29 (i) | 700,000 | 756,767 |
0.00%, 06/29/37 (i)(k) | 750,000 | 594,739 |
Landwirtschaftliche Rentenbank | ||
1.75%, 09/24/21 (i) | 300,000 | 305,405 |
2.25%, 10/01/21 (i) | 550,000 | 563,390 |
2.00%, 12/06/21 (i) | 200,000 | 204,852 |
3.13%, 11/14/23 (i) | 450,000 | 492,012 |
2.00%, 01/13/25 (i) | 1,150,000 | 1,229,775 |
2.38%, 06/10/25 (i) | 600,000 | 655,170 |
1.75%, 07/27/26 (i) | 500,000 | 532,565 |
2.50%, 11/15/27 (i) | 500,000 | 563,650 |
32,983,187 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
1.50%, 07/21/21 | 300,000 | 303,467 |
2.00%, 11/04/21 | 500,000 | 510,367 |
2.50%, 06/01/22 | 250,000 | 259,794 |
2.38%, 07/21/22 | 1,500,000 | 1,558,387 |
2.38%, 11/16/22 | 2,300,000 | 2,402,545 |
1.75%, 01/23/23 | 500,000 | 516,135 |
0.63%, 05/22/23 | 500,000 | 501,948 |
3.25%, 07/20/23 | 250,000 | 270,615 |
3.38%, 10/31/23 | 350,000 | 382,648 |
2.50%, 05/23/24 | 1,150,000 | 1,234,485 |
1.75%, 10/17/24 | 300,000 | 314,094 |
2.50%, 05/28/25 | 200,000 | 217,499 |
1.88%, 07/21/26 | 350,000 | 371,618 |
2.25%, 11/04/26 | 1,200,000 | 1,303,482 |
2.88%, 06/01/27 | 450,000 | 509,492 |
2.88%, 07/21/27 | 650,000 | 737,366 |
2.75%, 11/16/27 | 700,000 | 790,251 |
3.25%, 07/20/28 | 400,000 | 469,770 |
3.50%, 10/31/28 | 350,000 | 419,689 |
2.00%, 10/17/29 | 700,000 | 758,758 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 212,762 |
14,045,172 | ||
Norway 0.1% | ||
Equinor A.S.A. | ||
3.15%, 01/23/22 | 500,000 | 520,470 |
2.45%, 01/17/23 | 450,000 | 470,851 |
2.65%, 01/15/24 | 100,000 | 106,565 |
3.70%, 03/01/24 | 550,000 | 610,241 |
3.25%, 11/10/24 | 150,000 | 167,119 |
2.88%, 04/06/25 (a) | 450,000 | 487,037 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.00%, 04/06/27 (a) | 150,000 | 165,482 |
3.63%, 09/10/28 (a) | 250,000 | 289,794 |
3.13%, 04/06/30 (a) | 500,000 | 552,805 |
2.38%, 05/22/30 (a) | 100,000 | 104,174 |
3.63%, 04/06/40 (a) | 150,000 | 169,504 |
4.25%, 11/23/41 | 900,000 | 1,106,901 |
3.95%, 05/15/43 | 100,000 | 115,681 |
4.80%, 11/08/43 | 210,000 | 277,532 |
3.25%, 11/18/49 (a) | 250,000 | 266,999 |
3.70%, 04/06/50 (a) | 450,000 | 514,195 |
5,925,350 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
4.38%, 09/15/21 | 850,000 | 886,775 |
2.75%, 01/25/22 | 200,000 | 205,931 |
5.00%, 04/11/22 | 250,000 | 268,311 |
2.38%, 06/25/24 | 200,000 | 211,044 |
2.88%, 01/21/25 | 1,200,000 | 1,301,802 |
1.88%, 02/12/25 | 200,000 | 207,999 |
3.25%, 11/10/25 | 1,450,000 | 1,619,382 |
2.63%, 05/26/26 | 250,000 | 272,168 |
Korea Development Bank | ||
4.63%, 11/16/21 | 350,000 | 368,294 |
3.38%, 03/12/23 | 200,000 | 213,373 |
3.75%, 01/22/24 | 300,000 | 329,393 |
2.13%, 10/01/24 | 550,000 | 575,924 |
3.38%, 09/16/25 | 500,000 | 560,245 |
2.00%, 09/12/26 | 350,000 | 369,511 |
7,390,152 | ||
Sweden 0.1% | ||
Svensk Exportkredit AB | ||
3.13%, 11/08/21 | 400,000 | 414,978 |
2.38%, 03/09/22 | 1,350,000 | 1,395,677 |
2.00%, 08/30/22 | 550,000 | 568,752 |
1.63%, 11/14/22 | 400,000 | 411,586 |
2.88%, 03/14/23 | 200,000 | 213,141 |
0.75%, 04/06/23 | 200,000 | 201,816 |
1.75%, 12/12/23 | 500,000 | 522,958 |
0.63%, 05/14/25 | 500,000 | 501,355 |
4,230,263 | ||
79,910,135 | ||
U.S. 1.5% | ||
CNOOC Finance 2015 USA LLC | ||
3.75%, 05/02/23 | 250,000 | 266,389 |
3.50%, 05/05/25 | 650,000 | 710,677 |
4.38%, 05/02/28 | 450,000 | 525,148 |
Fannie Mae | ||
1.38%, 10/07/21 | 3,400,000 | 3,451,306 |
2.00%, 01/05/22 | 250,000 | 256,833 |
1.88%, 04/05/22 | 3,000,000 | 3,089,250 |
1.38%, 09/06/22 | 7,000,000 | 7,175,385 |
2.38%, 01/19/23 | 3,000,000 | 3,168,675 |
0.25%, 05/22/23 | 4,000,000 | 3,997,680 |
2.50%, 02/05/24 | 6,000,000 | 6,479,850 |
2.13%, 04/24/26 | 6,000,000 | 6,544,890 |
7.13%, 01/15/30 | 527,000 | 822,531 |
7.25%, 05/15/30 | 1,000,000 | 1,588,780 |
6.63%, 11/15/30 | 2,700,000 | 4,186,174 |
5.63%, 07/15/37 | 1,500,000 | 2,424,112 |
Federal Farm Credit Bank | ||
1.95%, 11/02/21 | 1,250,000 | 1,276,869 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Federal Home Loan Bank | ||
1.88%, 07/07/21 | 6,100,000 | 6,205,530 |
1.13%, 07/14/21 | 1,000,000 | 1,009,755 |
3.00%, 10/12/21 | 5,200,000 | 5,388,214 |
1.88%, 11/29/21 | 3,850,000 | 3,942,554 |
1.63%, 12/20/21 | 6,000,000 | 6,126,330 |
2.38%, 06/10/22 | 400,000 | 416,886 |
2.13%, 03/10/23 | 250,000 | 262,348 |
2.50%, 02/13/24 | 1,600,000 | 1,727,424 |
2.88%, 06/14/24 | 1,075,000 | 1,180,484 |
1.50%, 08/15/24 | 2,000,000 | 2,096,120 |
5.38%, 08/15/24 | 1,750,000 | 2,102,870 |
3.25%, 11/16/28 | 5,000,000 | 5,961,925 |
5.50%, 07/15/36 | 400,000 | 626,206 |
Freddie Mac | ||
1.13%, 08/12/21 | 7,000,000 | 7,075,285 |
2.38%, 01/13/22 | 5,351,000 | 5,531,115 |
0.25%, 06/08/22 | 2,500,000 | 2,500,650 |
2.75%, 06/19/23 | 2,500,000 | 2,686,212 |
1.50%, 02/12/25 | 5,000,000 | 5,242,500 |
6.75%, 09/15/29 | 500,000 | 754,285 |
6.75%, 03/15/31 | 1,564,000 | 2,466,530 |
6.25%, 07/15/32 | 700,000 | 1,102,062 |
Tennessee Valley Authority | ||
2.88%, 09/15/24 | 2,000,000 | 2,202,110 |
6.75%, 11/01/25 | 488,000 | 644,709 |
2.88%, 02/01/27 | 500,000 | 564,950 |
5.25%, 09/15/39 | 750,000 | 1,154,479 |
4.63%, 09/15/60 | 100,000 | 156,485 |
115,092,567 | ||
195,002,702 | ||
Local Authority 1.0% | ||
Foreign 0.3% | ||
Canada 0.3% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 1,160,000 | 1,505,581 |
Province of Alberta | ||
2.20%, 07/26/22 | 250,000 | 259,139 |
3.35%, 11/01/23 | 646,000 | 704,072 |
2.95%, 01/23/24 | 500,000 | 540,248 |
1.88%, 11/13/24 | 700,000 | 734,590 |
1.00%, 05/20/25 | 200,000 | 201,841 |
3.30%, 03/15/28 | 1,350,000 | 1,567,046 |
Province of British Columbia | ||
2.65%, 09/22/21 | 250,000 | 257,206 |
2.00%, 10/23/22 | 650,000 | 675,360 |
1.75%, 09/27/24 | 500,000 | 526,258 |
2.25%, 06/02/26 | 450,000 | 490,118 |
Province of Manitoba | ||
2.13%, 05/04/22 | 390,000 | 402,437 |
2.60%, 04/16/24 | 250,000 | 268,808 |
3.05%, 05/14/24 | 150,000 | 163,728 |
2.13%, 06/22/26 | 750,000 | 807,217 |
Province of New Brunswick | ||
2.50%, 12/12/22 | 250,000 | 261,468 |
3.63%, 02/24/28 | 200,000 | 235,914 |
Province of Ontario | ||
2.50%, 09/10/21 | 300,000 | 307,674 |
2.40%, 02/08/22 | 750,000 | 774,367 |
2.55%, 04/25/22 | 500,000 | 519,653 |
2.25%, 05/18/22 | 500,000 | 517,533 |
2.45%, 06/29/22 | 1,350,000 | 1,405,127 |
1.75%, 01/24/23 | 1,000,000 | 1,033,950 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.40%, 10/17/23 | 900,000 | 984,964 |
3.05%, 01/29/24 | 900,000 | 980,140 |
3.20%, 05/16/24 | 850,000 | 935,157 |
2.50%, 04/27/26 | 500,000 | 547,305 |
2.30%, 06/15/26 | 500,000 | 541,972 |
1.05%, 05/21/27 | 350,000 | 350,560 |
2.00%, 10/02/29 | 400,000 | 428,976 |
Province of Quebec | ||
2.75%, 08/25/21 | 650,000 | 667,816 |
2.38%, 01/31/22 | 800,000 | 825,084 |
2.63%, 02/13/23 | 350,000 | 369,905 |
7.50%, 07/15/23 | 150,000 | 180,869 |
7.13%, 02/09/24 | 1,000,000 | 1,227,735 |
2.50%, 04/09/24 | 200,000 | 214,577 |
2.88%, 10/16/24 | 650,000 | 712,881 |
1.50%, 02/11/25 | 850,000 | 884,408 |
2.50%, 04/20/26 | 50,000 | 54,850 |
2.75%, 04/12/27 | 500,000 | 559,555 |
7.50%, 09/15/29 | 168,000 | 259,497 |
1.35%, 05/28/30 | 400,000 | 407,128 |
25,292,714 | ||
U.S. 0.7% | ||
Alameda County Joint Powers Authority | ||
RB (Build America Bonds) Series 2010 | ||
7.05%, 12/01/44 | 105,000 | 172,427 |
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
5.94%, 02/15/47 | 200,000 | 294,611 |
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 500,000 | 706,195 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 454,940 |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 750,000 | 1,294,496 |
RB (Build America Bonds) Series 2010S1 | ||
7.04%, 04/01/50 | 500,000 | 900,220 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 600,000 | 1,089,528 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 1,250,000 | 2,031,606 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 1,400,000 | 2,484,020 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 950,000 | 1,577,342 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 865,000 | 1,442,746 |
GO Bonds | ||
7.60%, 11/01/40 | 200,000 | 367,250 |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47 (a) | 100,000 | 120,764 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 150,000 | 223,557 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 194,503 |
Chicago Transit Authority | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 445,000 | 600,944 |
RB (Pension Funding) Series 2008B | ||
6.90%, 12/01/40 | 200,000 | 270,086 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 255,000 | 303,243 |
City of New York NY | ||
GO Bonds Series 2010 | ||
6.25%, 06/01/35 (a) | 750,000 | 753,476 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 150,000 | 220,254 |
RB Series 2012 | ||
4.43%, 02/01/42 | 200,000 | 252,522 |
City of San Francisco CA Public Utilities Commission Water Revenue | ||
Series A | ||
3.30%, 11/01/39 (a) | 250,000 | 271,390 |
RB (Build America Bonds) Series 2010 | ||
6.95%, 11/01/50 | 100,000 | 173,916 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 215,000 | 258,632 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2010D | ||
4.50%, 08/01/31 | 400,000 | 502,673 |
Series D | ||
2.66%, 09/01/39 | 145,000 | 155,104 |
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 144,463 |
Series D | ||
2.81%, 09/01/43 | 150,000 | 155,927 |
Series H | ||
2.90%, 09/01/49 | 200,000 | 215,234 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 200,000 | 286,164 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 700,000 | 951,425 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 350,000 | 546,073 |
County of Miami-Dade FL Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42 (a) | 150,000 | 159,899 |
Dallas Area Rapid Transit | ||
Series B | ||
6.00%, 12/01/44 | 50,000 | 77,803 |
RB (Build America Bonds) Series 2010 | ||
5.02%, 12/01/48 | 250,000 | 358,750 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 150,000 | 218,142 |
Dallas Independent School District | ||
GO (Build America Bonds) Series 2010C | ||
6.45%, 02/15/35 (a) | 350,000 | 362,154 |
Dallas/Fort Worth International Airport | ||
Series A | ||
2.99%, 11/01/38 | 150,000 | 157,607 |
Series A | ||
3.14%, 11/01/45 | 20,000 | 20,484 |
District of Columbia | ||
Series E | ||
5.59%, 12/01/34 | 350,000 | 479,702 |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 185,000 | 270,624 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Florida State Board of Administration Finance Corp. | ||
Series A | ||
2.64%, 07/01/21 | 100,000 | 102,094 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
4.09%, 01/15/49 (a) | 100,000 | 103,329 |
Series A, (AGM) | ||
3.92%, 01/15/53 (a) | 100,000 | 105,411 |
Georgia Municipal Electric Authority | ||
RB (Build America Bonds) Series 2010 | ||
6.64%, 04/01/57 | 246,000 | 357,873 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 200,000 | 286,598 |
Series B | ||
3.24%, 10/01/52 (a) | 250,000 | 261,313 |
Illinois | ||
GO Bonds (Pension Funding) Series 2003 | ||
4.95%, 06/01/23 | 390,000 | 395,757 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 2,395,000 | 2,433,128 |
GO (Build America Bonds) Series 2010 | ||
6.63%, 02/01/35 | 150,000 | 166,457 |
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 125,000 | 138,328 |
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 150,000 | 170,820 |
JobsOhio Beverage System | ||
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 100,000 | 113,729 |
Series B | ||
4.53%, 01/01/35 | 200,000 | 245,401 |
Los Angeles Community College District | ||
GO (Build America Bonds) Series 2010 | ||
6.75%, 08/01/49 | 85,000 | 149,379 |
Los Angeles Department of Water & Power Power System Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 250,000 | 427,168 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.76%, 07/01/29 | 300,000 | 384,835 |
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 225,000 | 310,188 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 450,000 | 664,678 |
Massachusetts School Building Authority | ||
Series B | ||
3.40%, 10/15/40 (a) | 100,000 | 105,044 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 800,000 | 870,359 |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 350,000 | 567,222 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 650,000 | 859,963 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 350,000 | 387,492 |
Missouri Health & Educational Facilities Authority | ||
RB Series 2017A | ||
3.65%, 08/15/57 (a) | 75,000 | 92,837 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Municipal Electric Authority of Georgia | ||
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 149,000 | 222,758 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 416,000 | 510,696 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 900,000 | 1,043,556 |
RB Series 2019B | ||
4.13%, 06/15/42 | 250,000 | 233,623 |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 500,000 | 850,177 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 850,000 | 1,411,642 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2011A1 | ||
5.51%, 08/01/37 | 450,000 | 607,709 |
New York City Water & Sewer System | ||
Water System RB (Build America Bonds) Series 2009 | ||
5.75%, 06/15/41 | 300,000 | 462,682 |
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 399,565 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 250,000 | 402,205 |
New York State Dormitory Authority | ||
Series F | ||
3.11%, 02/15/39 | 200,000 | 213,643 |
RB Series 2009F | ||
5.63%, 03/15/39 | 200,000 | 266,976 |
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 200,000 | 285,260 |
Series B | ||
3.14%, 07/01/43 | 200,000 | 201,346 |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 185,000 | 240,788 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 350,000 | 619,820 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 450,000 | 643,450 |
Series A | ||
3.80%, 12/01/46 | 75,000 | 94,842 |
Ohio Turnpike & Infrastructure Commission | ||
RB Series A | ||
3.22%, 02/15/48 (a) | 100,000 | 103,552 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 500,000 | 632,541 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 500,000 | 600,397 |
Port Authority of New York & New Jersey | ||
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 240,000 | 334,742 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 200,000 | 278,952 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 200,000 | 271,494 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 450,000 | 620,874 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 1,150,000 | 1,530,282 |
Regents of the University of California Medical Center Pooled Revenue | ||
Series F | ||
6.58%, 05/15/49 | 200,000 | 318,538 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 100,000 | 166,338 |
Rutgers The State University of New Jersey | ||
Series R | ||
3.27%, 05/01/43 | 100,000 | 103,143 |
Series P | ||
3.92%, 05/01/19 (a) | 150,000 | 179,744 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 150,000 | 155,211 |
RB Series B | ||
3.82%, 01/01/48 | 200,000 | 208,526 |
Salt River Project Agricultural Improvement & Power District | ||
RB (Build America Bonds) Series 2010 | ||
4.84%, 01/01/41 | 75,000 | 103,338 |
San Diego County Regional Transportation Commission | ||
RB (Build America Bonds) Series 2010A | ||
5.91%, 04/01/48 | 300,000 | 483,090 |
San Diego County Water Authority Financing Corp. | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 350,000 | 543,020 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 1,200,000 | 1,303,014 |
Santa Clara Valley Transportation Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.88%, 04/01/32 | 150,000 | 190,056 |
State of Oregon Department of Transportation | ||
RB (Build America Bonds) Series 2010A | ||
5.83%, 11/15/34 | 125,000 | 181,876 |
Texas | ||
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 750,000 | 1,112,089 |
GO (Build America Bonds) Series 2010A | ||
4.68%, 04/01/40 | 500,000 | 677,104 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 250,000 | 256,898 |
Texas Transportation Commission | ||
RB (Build America Bonds) Series B | ||
5.18%, 04/01/30 | 130,000 | 167,116 |
University of California | ||
RB Series 2019BD | ||
3.35%, 07/01/29 | 200,000 | 229,464 |
RB Series 2013AJ | ||
4.60%, 05/15/31 | 250,000 | 308,775 |
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 300,000 | 450,735 |
RB Series AS | ||
5.95%, 05/15/45 | 250,000 | 367,379 |
RB Series AD | ||
4.86%, 05/15/12 | 500,000 | 701,420 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 200,000 | 271,472 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 200,000 | 228,228 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
University of Texas System/ | ||
Series C | ||
4.79%, 08/15/46 | 50,000 | 70,361 |
University of Virginia | ||
Series C | ||
4.18%, 09/01/17 (a) | 150,000 | 203,078 |
Utah | ||
GO (Build America Bonds) Series D | ||
4.55%, 07/01/24 | 350,000 | 375,753 |
GO (Build America Bonds) Series B | ||
3.54%, 07/01/25 | 525,000 | 559,006 |
Wisconsin | ||
RB Series A | ||
5.70%, 05/01/26 | 615,000 | 704,474 |
54,923,117 | ||
80,215,831 | ||
Sovereign 1.1% | ||
Canada 0.0% | ||
Canada Government International Bond | ||
2.63%, 01/25/22 | 1,100,000 | 1,141,827 |
2.00%, 11/15/22 | 750,000 | 780,754 |
1.63%, 01/22/25 | 1,000,000 | 1,055,120 |
2,977,701 | ||
Chile 0.0% | ||
Chile Government International Bond | ||
3.25%, 09/14/21 | 150,000 | 154,817 |
2.25%, 10/30/22 | 150,000 | 155,185 |
3.13%, 03/27/25 | 400,000 | 435,026 |
3.13%, 01/21/26 | 200,000 | 219,279 |
3.24%, 02/06/28 (a) | 750,000 | 825,037 |
2.55%, 01/27/32 (a) | 600,000 | 626,067 |
3.63%, 10/30/42 | 100,000 | 113,600 |
3.86%, 06/21/47 | 450,000 | 534,731 |
3.50%, 01/25/50 (a) | 650,000 | 735,056 |
3,798,798 | ||
Colombia 0.1% | ||
Colombia Government International Bond | ||
4.38%, 07/12/21 | 550,000 | 565,906 |
2.63%, 03/15/23 (a) | 300,000 | 304,553 |
4.00%, 02/26/24 (a) | 700,000 | 737,716 |
8.13%, 05/21/24 | 300,000 | 360,479 |
4.50%, 01/28/26 (a) | 400,000 | 434,896 |
3.88%, 04/25/27 (a) | 850,000 | 899,551 |
4.50%, 03/15/29 (a) | 600,000 | 659,514 |
3.00%, 01/30/30 (a) | 500,000 | 495,935 |
3.13%, 04/15/31 (a) | 300,000 | 298,334 |
7.38%, 09/18/37 | 550,000 | 753,970 |
6.13%, 01/18/41 | 950,000 | 1,189,333 |
5.63%, 02/26/44 (a) | 1,200,000 | 1,441,458 |
5.00%, 06/15/45 (a) | 1,300,000 | 1,470,631 |
5.20%, 05/15/49 (a) | 900,000 | 1,056,316 |
10,668,592 | ||
Hungary 0.0% | ||
Hungary Government International Bond | ||
5.38%, 02/21/23 | 650,000 | 713,343 |
5.75%, 11/22/23 | 600,000 | 682,803 |
5.38%, 03/25/24 | 500,000 | 568,380 |
7.63%, 03/29/41 | 450,000 | 756,551 |
2,721,077 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Indonesia 0.1% | ||
Indonesia Government International Bond | ||
2.95%, 01/11/23 | 350,000 | 361,004 |
4.45%, 02/11/24 | 250,000 | 271,724 |
3.50%, 01/11/28 | 250,000 | 266,518 |
4.10%, 04/24/28 | 300,000 | 332,911 |
4.75%, 02/11/29 | 400,000 | 464,664 |
3.40%, 09/18/29 | 200,000 | 213,211 |
2.85%, 02/14/30 | 400,000 | 409,304 |
3.85%, 10/15/30 | 550,000 | 612,777 |
4.35%, 01/11/48 | 700,000 | 790,881 |
5.35%, 02/11/49 (j) | 500,000 | 649,402 |
3.70%, 10/30/49 | 200,000 | 207,996 |
3.50%, 02/14/50 | 250,000 | 257,493 |
4.20%, 10/15/50 | 550,000 | 614,614 |
4.45%, 04/15/70 | 300,000 | 345,753 |
5,798,252 | ||
Israel 0.1% | ||
Israel Government International Bond | ||
3.15%, 06/30/23 | 700,000 | 748,629 |
2.88%, 03/16/26 | 300,000 | 328,316 |
3.25%, 01/17/28 | 300,000 | 340,281 |
2.50%, 01/15/30 | 350,000 | 379,062 |
2.75%, 07/03/30 | 700,000 | 772,474 |
4.50%, 01/30/43 | 700,000 | 905,593 |
4.13%, 01/17/48 | 250,000 | 310,943 |
3.38%, 01/15/50 | 650,000 | 716,635 |
3.88%, 07/03/50 | 650,000 | 774,988 |
4.50%, 04/03/20 | 300,000 | 390,281 |
5,667,202 | ||
Italy 0.1% | ||
Italy Government International Bond | ||
6.88%, 09/27/23 | 1,000,000 | 1,160,330 |
2.38%, 10/17/24 | 950,000 | 965,376 |
2.88%, 10/17/29 | 700,000 | 701,067 |
5.38%, 06/15/33 | 754,000 | 939,786 |
4.00%, 10/17/49 | 750,000 | 761,760 |
4,528,319 | ||
Mexico 0.3% | ||
Mexico Government International Bond | ||
3.63%, 03/15/22 | 1,050,000 | 1,093,276 |
8.00%, 09/24/22 | 100,000 | 113,438 |
4.00%, 10/02/23 | 1,200,000 | 1,279,470 |
3.60%, 01/30/25 | 450,000 | 477,301 |
3.90%, 04/27/25 (a) | 600,000 | 643,548 |
4.13%, 01/21/26 | 500,000 | 541,167 |
4.15%, 03/28/27 | 800,000 | 860,428 |
3.75%, 01/11/28 | 850,000 | 887,277 |
4.50%, 04/22/29 | 1,150,000 | 1,251,413 |
3.25%, 04/16/30 (a) | 1,200,000 | 1,192,404 |
8.30%, 08/15/31 | 150,000 | 212,933 |
4.75%, 04/27/32 (a) | 850,000 | 939,059 |
7.50%, 04/08/33 | 250,000 | 336,560 |
6.75%, 09/27/34 | 250,000 | 328,835 |
6.05%, 01/11/40 | 1,050,000 | 1,284,323 |
4.75%, 03/08/44 | 1,350,000 | 1,420,747 |
5.55%, 01/21/45 | 950,000 | 1,122,824 |
4.60%, 01/23/46 | 1,200,000 | 1,243,092 |
4.35%, 01/15/47 | 600,000 | 602,598 |
4.60%, 02/10/48 | 950,000 | 985,796 |
4.50%, 01/31/50 (a) | 1,025,000 | 1,058,661 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.00%, 04/27/51 (a) | 850,000 | 919,594 |
5.75%, 10/12/10 | 850,000 | 945,833 |
19,740,577 | ||
Panama 0.1% | ||
Panama Government International Bond | ||
4.00%, 09/22/24 (a) | 700,000 | 762,363 |
3.75%, 03/16/25 (a) | 750,000 | 812,426 |
8.88%, 09/30/27 | 150,000 | 213,335 |
3.88%, 03/17/28 (a) | 400,000 | 450,660 |
9.38%, 04/01/29 | 500,000 | 759,470 |
3.16%, 01/23/30 (a) | 400,000 | 432,134 |
6.70%, 01/26/36 | 900,000 | 1,296,931 |
4.50%, 05/15/47 | 200,000 | 245,892 |
4.50%, 04/16/50 (a) | 750,000 | 919,823 |
4.30%, 04/29/53 | 400,000 | 479,054 |
4.50%, 04/01/56 (a) | 750,000 | 922,230 |
3.87%, 07/23/60 (a) | 225,000 | 255,952 |
7,550,270 | ||
Peru 0.1% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 600,000 | 764,517 |
2.39%, 01/23/26 (a) | 350,000 | 364,425 |
4.13%, 08/25/27 | 500,000 | 574,785 |
2.84%, 06/20/30 | 250,000 | 268,234 |
2.78%, 01/23/31 (a) | 850,000 | 908,161 |
8.75%, 11/21/33 | 450,000 | 752,429 |
6.55%, 03/14/37 | 350,000 | 533,045 |
5.63%, 11/18/50 | 800,000 | 1,266,164 |
5,431,760 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.20%, 01/21/24 | 550,000 | 600,190 |
9.50%, 10/21/24 | 500,000 | 657,905 |
10.63%, 03/16/25 | 250,000 | 350,549 |
5.50%, 03/30/26 | 400,000 | 480,980 |
3.00%, 02/01/28 | 650,000 | 703,105 |
3.75%, 01/14/29 | 600,000 | 686,808 |
9.50%, 02/02/30 | 650,000 | 1,060,010 |
2.46%, 05/05/30 | 700,000 | 735,798 |
7.75%, 01/14/31 | 550,000 | 824,585 |
6.38%, 01/15/32 | 350,000 | 484,999 |
6.38%, 10/23/34 | 600,000 | 866,817 |
3.95%, 01/20/40 | 1,300,000 | 1,514,409 |
3.70%, 03/01/41 | 250,000 | 285,729 |
3.70%, 02/02/42 | 1,100,000 | 1,263,465 |
10,515,349 | ||
Poland 0.0% | ||
Poland Government International Bond | ||
5.00%, 03/23/22 | 1,150,000 | 1,236,031 |
3.00%, 03/17/23 | 750,000 | 795,555 |
4.00%, 01/22/24 | 600,000 | 667,386 |
3.25%, 04/06/26 | 544,000 | 611,388 |
3,310,360 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
3.88%, 09/11/23 | 550,000 | 604,101 |
2.75%, 01/19/27 | 450,000 | 490,088 |
3.50%, 09/20/28 | 200,000 | 233,030 |
2.50%, 06/19/29 | 350,000 | 383,497 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
4.13%, 06/10/44 | 200,000 | 275,727 |
3.88%, 09/20/48 | 200,000 | 275,681 |
2,262,124 | ||
Uruguay 0.1% | ||
Uruguay Government International Bond | ||
8.00%, 11/18/22 | 100,000 | 109,848 |
4.50%, 08/14/24 | 150,000 | 164,526 |
4.38%, 10/27/27 | 500,000 | 572,932 |
4.38%, 01/23/31 (a)(g) | 650,000 | 762,356 |
7.63%, 03/21/36 | 700,000 | 1,064,735 |
4.13%, 11/20/45 | 250,000 | 289,074 |
5.10%, 06/18/50 | 1,150,000 | 1,488,255 |
4.98%, 04/20/55 | 800,000 | 1,027,644 |
5,479,370 | ||
90,449,751 | ||
Supranational* 1.4% | ||
African Development Bank | ||
2.38%, 09/23/21 | 1,150,000 | 1,179,653 |
0.50%, 04/22/22 | 200,000 | 200,834 |
1.63%, 09/16/22 | 350,000 | 360,379 |
2.13%, 11/16/22 | 1,500,000 | 1,564,590 |
0.75%, 04/03/23 | 950,000 | 961,761 |
Asian Development Bank | ||
1.75%, 06/08/21 | 450,000 | 456,323 |
2.00%, 02/16/22 | 1,900,000 | 1,953,580 |
1.88%, 02/18/22 | 500,000 | 513,063 |
0.63%, 04/07/22 | 1,500,000 | 1,509,720 |
1.88%, 07/19/22 | 650,000 | 671,460 |
1.75%, 09/13/22 | 2,175,000 | 2,245,568 |
1.63%, 01/24/23 | 750,000 | 775,605 |
2.75%, 03/17/23 | 900,000 | 959,351 |
2.63%, 01/30/24 | 445,000 | 481,003 |
1.50%, 10/18/24 | 1,350,000 | 1,413,301 |
2.00%, 01/22/25 | 1,650,000 | 1,765,615 |
0.63%, 04/29/25 | 1,000,000 | 1,007,375 |
2.00%, 04/24/26 | 500,000 | 541,640 |
2.63%, 01/12/27 | 800,000 | 900,728 |
2.50%, 11/02/27 | 800,000 | 902,084 |
2.75%, 01/19/28 | 250,000 | 287,220 |
5.82%, 06/16/28 | 300,000 | 414,465 |
1.75%, 09/19/29 | 750,000 | 807,776 |
1.88%, 01/24/30 | 900,000 | 981,032 |
Asian Infrastructure Investment Bank | ||
2.25%, 05/16/24 | 950,000 | 1,016,623 |
0.50%, 05/28/25 | 950,000 | 949,520 |
Corp. Andina de Fomento | ||
2.13%, 09/27/21 | 613,000 | 617,358 |
3.25%, 02/11/22 | 600,000 | 616,866 |
4.38%, 06/15/22 | 550,000 | 578,691 |
2.38%, 05/12/23 | 350,000 | 359,102 |
3.75%, 11/23/23 | 250,000 | 267,554 |
Council of Europe Development Bank | ||
1.75%, 09/26/22 | 650,000 | 671,408 |
0.25%, 06/10/23 | 200,000 | 199,779 |
2.50%, 02/27/24 | 315,000 | 339,442 |
1.38%, 02/27/25 | 350,000 | 364,812 |
European Bank for Reconstruction & Development | ||
1.88%, 07/15/21 | 500,000 | 508,323 |
1.50%, 11/02/21 | 1,100,000 | 1,118,172 |
2.75%, 03/07/23 | 475,000 | 506,174 |
0.25%, 07/10/23 (g) | 500,000 | 499,910 |
1.63%, 09/27/24 | 250,000 | 262,791 |
0.50%, 05/19/25 | 400,000 | 400,948 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
European Investment Bank | ||
1.63%, 06/15/21 | 600,000 | 608,064 |
1.38%, 09/15/21 | 1,150,000 | 1,165,674 |
2.13%, 10/15/21 | 1,000,000 | 1,024,245 |
2.88%, 12/15/21 | 1,250,000 | 1,298,031 |
2.25%, 03/15/22 | 1,500,000 | 1,551,480 |
2.63%, 05/20/22 | 1,175,000 | 1,227,746 |
2.38%, 06/15/22 | 1,650,000 | 1,719,077 |
2.25%, 08/15/22 | 470,000 | 490,020 |
1.38%, 09/06/22 | 900,000 | 922,194 |
2.50%, 03/15/23 | 1,750,000 | 1,855,709 |
1.38%, 05/15/23 | 1,000,000 | 1,031,725 |
2.88%, 08/15/23 | 1,400,000 | 1,513,113 |
0.25%, 09/15/23 | 250,000 | 249,831 |
3.13%, 12/14/23 | 1,300,000 | 1,426,373 |
3.25%, 01/29/24 | 1,650,000 | 1,821,889 |
2.63%, 03/15/24 | 1,600,000 | 1,734,992 |
2.25%, 06/24/24 | 450,000 | 483,869 |
2.50%, 10/15/24 | 500,000 | 545,073 |
1.88%, 02/10/25 | 1,100,000 | 1,173,320 |
1.63%, 03/14/25 | 1,300,000 | 1,373,008 |
0.63%, 07/25/25 | 900,000 | 908,190 |
2.13%, 04/13/26 | 600,000 | 655,002 |
2.38%, 05/24/27 | 367,000 | 410,163 |
1.63%, 10/09/29 | 300,000 | 321,357 |
0.88%, 05/17/30 | 255,000 | 255,751 |
4.88%, 02/15/36 | 400,000 | 609,634 |
Inter-American Development Bank | ||
1.25%, 09/14/21 | 1,150,000 | 1,163,587 |
2.13%, 01/18/22 | 1,250,000 | 1,285,787 |
1.75%, 04/14/22 | 1,100,000 | 1,128,990 |
1.75%, 09/14/22 | 1,000,000 | 1,032,450 |
2.50%, 01/18/23 | 1,250,000 | 1,319,975 |
0.50%, 05/24/23 | 1,300,000 | 1,308,443 |
3.00%, 10/04/23 | 750,000 | 815,381 |
2.63%, 01/16/24 | 1,150,000 | 1,241,994 |
3.00%, 02/21/24 | 500,000 | 547,705 |
2.13%, 01/15/25 | 1,100,000 | 1,182,258 |
1.75%, 03/14/25 | 750,000 | 795,090 |
0.88%, 04/03/25 | 650,000 | 662,552 |
0.63%, 07/15/25 | 500,000 | 503,470 |
2.00%, 06/02/26 | 350,000 | 378,744 |
2.00%, 07/23/26 | 100,000 | 108,088 |
2.38%, 07/07/27 | 1,200,000 | 1,336,764 |
3.13%, 09/18/28 | 1,500,000 | 1,774,057 |
2.25%, 06/18/29 | 750,000 | 839,944 |
3.88%, 10/28/41 | 150,000 | 211,493 |
4.38%, 01/24/44 | 600,000 | 922,950 |
International Bank for Reconstruction & Development | ||
2.25%, 06/24/21 | 2,550,000 | 2,599,546 |
2.75%, 07/23/21 | 1,550,000 | 1,591,238 |
1.38%, 09/20/21 | 250,000 | 253,456 |
2.00%, 01/26/22 | 2,150,000 | 2,208,620 |
1.63%, 02/10/22 | 975,000 | 996,552 |
2.13%, 07/01/22 | 1,750,000 | 1,815,187 |
1.88%, 10/07/22 | 2,250,000 | 2,331,675 |
7.63%, 01/19/23 | 500,000 | 592,763 |
1.88%, 06/19/23 | 350,000 | 366,364 |
3.00%, 09/27/23 | 1,560,000 | 1,695,697 |
2.50%, 03/19/24 | 1,450,000 | 1,566,080 |
1.50%, 08/28/24 | 950,000 | 993,358 |
2.50%, 11/25/24 | 1,300,000 | 1,418,651 |
1.63%, 01/15/25 | 1,200,000 | 1,264,716 |
0.75%, 03/11/25 | 1,250,000 | 1,267,900 |
0.63%, 04/22/25 | 2,500,000 | 2,519,825 |
2.50%, 07/29/25 | 1,750,000 | 1,927,537 |
3.13%, 11/20/25 | 350,000 | 398,935 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
1.88%, 10/27/26 | 250,000 | 269,148 |
2.50%, 11/22/27 | 200,000 | 225,804 |
1.75%, 10/23/29 | 500,000 | 540,283 |
0.88%, 05/14/30 | 1,000,000 | 1,000,345 |
4.75%, 02/15/35 | 350,000 | 519,381 |
International Finance Corp. | ||
1.13%, 07/20/21 | 1,000,000 | 1,009,025 |
2.00%, 10/24/22 | 750,000 | 779,535 |
0.50%, 03/20/23 | 200,000 | 201,343 |
2.88%, 07/31/23 | 500,000 | 539,613 |
1.38%, 10/16/24 | 750,000 | 781,421 |
Nordic Investment Bank | ||
2.25%, 09/30/21 | 750,000 | 768,514 |
2.13%, 02/01/22 | 250,000 | 257,326 |
1.38%, 10/17/22 | 200,000 | 204,986 |
0.38%, 05/19/23 | 400,000 | 401,256 |
2.88%, 07/19/23 | 450,000 | 484,871 |
2.25%, 05/21/24 | 200,000 | 214,242 |
111,072,044 | ||
Total Government Related | ||
(Cost $448,029,960) | 476,740,328 | |
Securitized 29.3% of net assets | ||
Asset-Backed Securities 0.4% | ||
Automobile 0.1% | ||
Ally Auto Receivables Trust 2019-4 | ||
Series 2019-4, Class A4, ABS | ||
1.92%, 01/15/25 (a) | 2,000,000 | 2,073,113 |
Ford Credit Auto Owner Trust | ||
Series 2018-A, Class A4 | ||
3.16%, 10/15/23 (a) | 2,000,000 | 2,083,093 |
Honda Auto Receivables Owner Trust | ||
Series 2018-3, Class A4 | ||
3.07%, 11/21/24 (a) | 540,000 | 561,489 |
Nissan Auto Receivables Owner Trust | ||
Series 2017-C, Class A4 | ||
2.28%, 02/15/24 (a) | 900,000 | 920,335 |
Toyota Auto Receivables Owner Trust | ||
Series 2018-C, Class A4 | ||
3.13%, 02/15/24 (a) | 2,100,000 | 2,204,969 |
7,842,999 | ||
Credit Card 0.3% | ||
American Express Credit Account Master Trust | ||
Series 2018-8, Class A | ||
3.18%, 04/15/24 (a) | 1,200,000 | 1,240,786 |
Series 2019-1, Class A | ||
2.87%, 10/15/24 (a) | 1,300,000 | 1,354,881 |
Series 2019-3, Class A, ABS | ||
2.00%, 04/15/25 (a) | 630,000 | 652,045 |
Series 2018-2, Class A | ||
3.01%, 10/15/25 (a) | 5,200,000 | 5,559,923 |
Capital One Multi-Asset Execution Trust | ||
Series 2017-A6, Class A6 | ||
2.29%, 07/15/25 (a) | 1,300,000 | 1,354,556 |
Series 2019-A3, Class A3, ABS | ||
2.06%, 08/15/28 (a) | 2,000,000 | 2,128,113 |
Citibank Credit Card Issuance Trust | ||
Series 2018-A6, Class A6 | ||
3.21%, 12/07/24 (a) | 4,800,000 | 5,120,858 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Discover Card Execution Note Trust | ||
Series 2018-A5, Class A5 | ||
3.32%, 03/15/24 (a) | 585,000 | 605,536 |
Series 2017-A2, Class A2 | ||
2.39%, 07/15/24 (a) | 1,363,000 | 1,403,803 |
Series 2018-A1, Class A1 | ||
3.03%, 08/15/25 (a) | 2,100,000 | 2,239,947 |
21,660,448 | ||
29,503,447 | ||
Commercial Mortgage-Backed Securities 2.2% | ||
BANK | ||
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50 (a) | 600,000 | 677,417 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54 (a) | 1,000,000 | 1,121,901 |
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60 (a) | 1,000,000 | 1,122,873 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61 (a) | 800,000 | 901,229 |
BANK 2020-BNK26 | ||
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63 (a) | 700,000 | 747,156 |
BBCMS Mortgage Trust 2018-C2 | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51 (a) | 1,150,000 | 1,346,516 |
Benchmark 2019-B12 Mortgage Trust | ||
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52 (a) | 600,000 | 672,426 |
Benchmark 2019-B9 Mortgage Trust | ||
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52 (a) | 600,000 | 709,967 |
CCUBS Commercial Mortgage Trust | ||
Series 2017-C1, Class A4 | ||
3.54%, 11/15/50 (a) | 1,747,000 | 1,961,601 |
CD Mortgage Trust | ||
Series 2017-CD3, Class A4 | ||
3.63%, 02/10/50 (a) | 1,715,000 | 1,921,562 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48 (a) | 5,325,000 | 5,959,632 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54 (a) | 3,625,000 | 4,073,350 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58 (a) | 1,000,000 | 1,081,226 |
Citigroup Commercial Mortgage Trust | ||
Series 2013-GC17, Class A4 | ||
4.13%, 11/10/46 (a) | 615,000 | 666,738 |
Series 2014-GC23, Class A4 | ||
3.62%, 07/10/47 (a) | 1,000,000 | 1,081,343 |
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47 (a) | 210,000 | 227,993 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49 (a) | 3,350,000 | 3,710,181 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49 (a) | 600,000 | 655,413 |
Series 2017-P7, Class A4 | ||
3.71%, 04/14/50 (a) | 500,000 | 564,701 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50 (a) | 2,600,000 | 2,912,863 |
COMM Mortgage Trust | ||
Series 2012-LC4, Class A4 | ||
3.29%, 12/10/44 (a) | 281,679 | 286,912 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2012-CR3, Class A3 | ||
2.82%, 10/15/45 (a) | 254,249 | 258,918 |
Series 2013-CR6, Class A4 | ||
3.10%, 03/10/46 (a) | 4,950,000 | 5,152,205 |
Series 2014-CR14, Class A3 | ||
3.96%, 02/10/47 (a) | 240,000 | 259,042 |
Series 2014-CR16, Class ASB | ||
3.65%, 04/10/47 (a) | 492,488 | 510,745 |
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47 (a) | 400,000 | 435,144 |
Series 2014-CR18, Class A4 | ||
3.55%, 07/15/47 (a) | 497,004 | 529,001 |
Series 2014-CR19, Class ASB | ||
3.50%, 08/10/47 (a) | 338,917 | 354,484 |
Series 2014-UBS4, Class A5 | ||
3.69%, 08/10/47 (a) | 1,850,000 | 2,002,971 |
Series 2014-CR20, Class A3 | ||
3.33%, 11/10/47 (a) | 2,050,000 | 2,188,891 |
Series 2014-CR21, Class A3 | ||
3.53%, 12/10/47 (a) | 175,892 | 189,545 |
Series 2015-CR22, Class A5 | ||
3.31%, 03/10/48 (a) | 750,000 | 812,318 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48 (a) | 400,000 | 443,243 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48 (a) | 440,000 | 488,651 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49 (a) | 2,700,000 | 3,007,187 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49 (a) | 100,000 | 111,553 |
Series 2015-PC1, Class ASB | ||
3.61%, 07/10/50 (a) | 2,153,765 | 2,263,683 |
Series 2015-PC1, Class A5 | ||
3.90%, 07/10/50 (a) | 497,400 | 550,633 |
Series 2013-CR11, Class A3 | ||
3.98%, 08/10/50 (a) | 449,878 | 483,989 |
Series 2013-CR11, Class A4 | ||
4.26%, 08/10/50 (a) | 340,000 | 370,010 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C3, Class A4 | ||
3.72%, 08/15/48 (a) | 300,000 | 329,697 |
Series 2015-C1, Class A4 | ||
3.51%, 04/15/50 (a) | 1,308,000 | 1,414,323 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a) | 100,000 | 112,614 |
Fannie Mae | ||
Series 2015-M4, Class AV2 | ||
2.51%, 07/25/22 (a) | 59,222 | 60,007 |
Series 2016-M3, Class ASQ2 | ||
2.26%, 02/25/23 (a)(e)(m) | 35,466 | 36,218 |
Series 2014-M9, Class A2 | ||
3.10%, 07/25/24 (a)(e)(m) | 479,131 | 519,723 |
Series 2015-M3, Class A2 | ||
2.72%, 10/25/24 (a) | 529,014 | 569,705 |
Series 2015-M13, Class A2 | ||
2.71%, 06/25/25 (a)(e)(m) | 150,000 | 163,544 |
Series 2016-M6, Class A2 | ||
2.49%, 05/25/26 (a) | 2,600,000 | 2,816,254 |
Freddie Mac | ||
Series K018, Class A2 | ||
2.79%, 01/25/22 (a) | 138,083 | 140,630 |
Series K020, Class A2 | ||
2.37%, 05/25/22 (a) | 450,000 | 460,442 |
Series K022, Class A2 | ||
2.36%, 07/25/22 (a) | 1,200,000 | 1,232,579 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series K024, Class A2 | ||
2.57%, 09/25/22 (a) | 800,000 | 831,052 |
Series K025, Class A2 | ||
2.68%, 10/25/22 (a) | 511,000 | 532,802 |
Series K026, Class A2 | ||
2.51%, 11/25/22 (a) | 550,000 | 572,211 |
Series K027, Class A2 | ||
2.64%, 01/25/23 (a) | 1,000,000 | 1,045,605 |
Series K028, Class A2 | ||
3.11%, 02/25/23 (a) | 250,000 | 264,425 |
Series K030, Class A2 | ||
3.25%, 04/25/23 (a)(e)(n) | 850,000 | 905,019 |
Series K031, Class A2 | ||
3.30%, 04/25/23 (a) | 3,225,000 | 3,449,717 |
Series K033, Class A2 | ||
3.06%, 07/25/23 (a) | 1,540,000 | 1,644,557 |
Series K034, Class A2 | ||
3.53%, 07/25/23 (a) | 150,000 | 162,277 |
Series K035, Class A2 | ||
3.46%, 08/25/23 (a)(e)(n) | 450,000 | 486,281 |
Series K725, Class A2 | ||
3.00%, 01/25/24 (a) | 1,300,000 | 1,397,714 |
Series K037, Class A2 | ||
3.49%, 01/25/24 (a) | 600,000 | 654,750 |
Series K727, Class A2 | ||
2.95%, 07/25/24 (a) | 1,765,000 | 1,899,131 |
Series K728, Class A2 | ||
3.06%, 08/25/24 (a)(e)(n) | 3,700,000 | 4,018,828 |
Series K040, Class A2 | ||
3.24%, 09/25/24 (a) | 750,000 | 825,303 |
Series K045, Class A1 | ||
2.49%, 11/25/24 (a) | 354,266 | 365,435 |
Series K042, Class A2 | ||
2.67%, 12/25/24 (a) | 100,000 | 108,216 |
Series K043, Class A2 | ||
3.06%, 12/25/24 (a) | 750,000 | 824,257 |
Series K044, Class A2 | ||
2.81%, 01/25/25 (a) | 1,015,000 | 1,103,836 |
Series K045, Class A2 | ||
3.02%, 01/25/25 (a) | 400,000 | 439,311 |
Series K053, Class A1 | ||
2.55%, 02/25/25 (a) | 479,519 | 497,019 |
Series K731, Class A2 | ||
3.60%, 02/25/25 (a)(e)(n) | 300,000 | 331,706 |
Series K046, Class A2 | ||
3.21%, 03/25/25 (a) | 920,000 | 1,019,555 |
Series KS03, Class A4 | ||
3.16%, 05/25/25 (a)(e)(n) | 250,000 | 275,549 |
Series K048, Class A2 | ||
3.28%, 06/25/25 (a)(e)(n) | 838,000 | 932,911 |
Series K733, Class A2 | ||
3.75%, 08/25/25 (a)(e)(n) | 1,500,000 | 1,693,521 |
Series K053, Class A2 | ||
3.00%, 12/25/25 (a) | 950,000 | 1,049,903 |
Series K054, Class A2 | ||
2.75%, 01/25/26 (a) | 300,000 | 328,092 |
Series K055, Class A2 | ||
2.67%, 03/25/26 (a) | 750,000 | 819,030 |
Series K735, Class A2 | ||
2.86%, 05/25/26 (a) | 100,000 | 110,727 |
Series K058, Class A2 | ||
2.65%, 08/25/26 (a) | 750,000 | 821,967 |
Series K061, Class A2 | ||
3.35%, 11/25/26 (a)(e)(n) | 520,000 | 592,090 |
Series K062, Class A2 | ||
3.41%, 12/25/26 (a) | 257,767 | 294,969 |
Series K064, Class A2 | ||
3.22%, 03/25/27 (a) | 107,000 | 121,421 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series K071, Class A2 | ||
3.29%, 11/25/27 (a) | 4,768,000 | 5,476,049 |
Series K070, Class A2, VRN | ||
3.30%, 11/25/27 (a)(e)(n) | 308,000 | 354,674 |
Series K072, Class A2 | ||
3.44%, 12/25/27 (a) | 1,500,000 | 1,743,549 |
Series K074, Class A2 | ||
3.60%, 01/25/28 (a) | 8,175,000 | 9,588,636 |
Series K078, Class A2 | ||
3.85%, 06/25/28 (a) | 1,183,000 | 1,412,489 |
Series K083, Class A2 | ||
4.05%, 09/25/28 (a)(e)(n) | 2,100,000 | 2,551,353 |
Series K085, Class A2 | ||
4.06%, 10/25/28 (a)(e)(n) | 900,000 | 1,088,911 |
Series K087, Class A2 | ||
3.77%, 12/25/28 (a) | 2,560,000 | 3,069,001 |
Series K088, Class A2 | ||
3.69%, 01/25/29 (a) | 600,000 | 716,377 |
Series K100, Class A2 | ||
2.67%, 09/25/29 (a) | 800,000 | 903,143 |
Series K103, Class A2 | ||
2.65%, 11/25/29 (a) | 2,200,000 | 2,479,070 |
Series K-1511, Class A2 | ||
3.47%, 03/25/31 (a) | 500,000 | 593,575 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31 (a) | 1,425,000 | 1,666,642 |
Series K154, Class A2 | ||
3.42%, 04/25/32 (a) | 1,760,000 | 2,090,721 |
Series K155, Class A3 | ||
3.75%, 04/25/33 (a) | 835,000 | 1,015,608 |
Series K157, Class A2 | ||
3.99%, 05/25/33 (a) | 1,700,000 | 2,083,821 |
GS Mortgage Securities Trust | ||
Series 2013-GC13, Class A5 | ||
4.05%, 07/10/46 (a)(e)(o) | 649,000 | 701,088 |
Series 2013-GC14, Class A5 | ||
4.24%, 08/10/46 (a) | 700,000 | 756,695 |
Series 2016-GS4, Class A4 | ||
3.44%, 11/10/49 (a) | 365,000 | 403,163 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2012-C6, Class A3 | ||
3.51%, 05/15/45 (a) | 274,558 | 283,547 |
Series 2012-CBX, Class A4 | ||
3.48%, 06/15/45 (a) | 399,438 | 407,778 |
Series 2014-C20, Class A4A1 | ||
3.54%, 07/15/47 (a) | 800,000 | 851,776 |
Series 2015-JP1, Class A4 | ||
3.65%, 01/15/49 (a) | 600,000 | 662,687 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C29, Class A4 | ||
3.61%, 05/15/48 (a) | 1,000,000 | 1,094,509 |
Series 2015-C28, Class A4 | ||
3.23%, 10/15/48 (a) | 2,000,000 | 2,145,564 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48 (a) | 1,150,000 | 1,280,387 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2012-C5, Class A4 | ||
3.18%, 08/15/45 (a) | 430,000 | 443,763 |
Series 2013-C10, Class A4 | ||
4.22%, 07/15/46 (a)(e)(o) | 180,000 | 192,877 |
Series 2013-C11, Class A4 | ||
4.30%, 08/15/46 (a)(e)(n) | 1,000,000 | 1,078,927 |
Series 2014-C16, Class A5 | ||
3.89%, 06/15/47 (a) | 270,000 | 292,953 |
Series 2015-C24, Class ASB | ||
3.48%, 05/15/48 (a) | 1,000,000 | 1,051,378 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2013-C8, Class AS | ||
3.38%, 12/15/48 (a) | 80,000 | 82,293 |
Morgan Stanley Capital I Trust | ||
Series 2012-C4, Class A4 | ||
3.24%, 03/15/45 (a) | 300,000 | 306,455 |
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48 (a) | 400,000 | 440,252 |
Series 2017-HR2, Class A4 | ||
3.59%, 12/15/50 (a) | 1,300,000 | 1,468,699 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50 (a) | 1,550,000 | 1,723,690 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50 (a) | 1,000,000 | 1,125,518 |
UBS-Barclays Commercial Mortgage Trust | ||
Series 2012-C4, Class A5 | ||
2.85%, 12/10/45 (a) | 500,000 | 515,136 |
Series 2013-C5, Class A4 | ||
3.18%, 03/10/46 (a) | 1,850,000 | 1,919,218 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-LC12, Class A4 | ||
4.22%, 07/15/46 (a)(e)(o) | 640,000 | 688,628 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48 (a) | 1,091,437 | 1,161,916 |
Series 2015-C31, Class A3 | ||
3.43%, 11/15/48 (a) | 1,514,286 | 1,634,959 |
Series 2015-P2, Class A4 | ||
3.81%, 12/15/48 (a) | 1,500,000 | 1,672,386 |
Series 2016-NXS6, Class A4 | ||
2.92%, 11/15/49 (a) | 150,000 | 160,865 |
Series 2014-LC16 Class A4 | ||
3.55%, 08/15/50 (a) | 840,498 | 883,250 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50 (a) | 1,551,000 | 1,749,450 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50 (a) | 2,000,000 | 2,237,638 |
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50 (a) | 2,400,000 | 2,710,427 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51 (a) | 1,500,000 | 1,758,852 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52 (a) | 1,000,000 | 1,152,381 |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58 (a) | 723,000 | 795,979 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59 (a) | 1,375,000 | 1,478,047 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59 (a) | 2,000,000 | 2,211,001 |
Wells Fargo Commercial Mortgage Trust 2015-NXS4 | ||
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48 (a) | 2,000,000 | 2,220,659 |
Wells Fargo Commercial Mortgage Trust 2016-C32 | ||
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59 (a) | 500,000 | 550,416 |
Wells Fargo Commercial Mortgage Trust 2019-C53 | ||
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52 (a) | 3,000,000 | 3,344,193 |
Wells Fargo Commercial Mortgage Trust 2019-C54 | ||
Series 2019-C54, Class A4 | ||
3.15%, 12/15/52 (a) | 800,000 | 895,150 |
WFRBS Commercial Mortgage Trust | ||
Series 2012-C7, Class A1 | ||
2.30%, 06/15/45 (a) | 20,637 | 20,645 |
Series 2013-C14, Class A5 | ||
3.34%, 06/15/46 (a) | 547,687 | 575,829 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Series 2013-C15, Class A4 | ||
4.15%, 08/15/46 (a)(e)(o) | 520,000 | 558,790 |
Series 2014-C19, Class A4 | ||
3.83%, 03/15/47 (a) | 100,000 | 107,982 |
Series 2013-C12, Class A4 | ||
3.20%, 03/15/48 (a) | 881,000 | 919,953 |
176,641,504 | ||
Mortgage-Backed Securities Pass-Through 26.7% | ||
Fannie Mae | ||
4.00%, 02/01/24 to 12/01/50 (a) | 152,646,061 | 164,643,257 |
5.50%, 06/01/24 to 11/01/48 (a) | 8,665,171 | 10,090,620 |
4.50%, 12/01/24 to 05/01/50 (a) | 66,067,517 | 72,704,721 |
3.50%, 08/01/25 to 05/01/50 (a) | 220,033,114 | 235,139,833 |
3.00%, 12/01/25 to 05/01/50 (a) | 210,292,470 | 222,988,622 |
2.50%, 07/01/27 to 07/01/50 (a) | 109,517,268 | 114,522,362 |
2.00%, 04/01/28 to 06/01/50 (a) | 14,231,248 | 14,721,359 |
6.00%, 12/01/32 to 07/01/41 (a) | 4,122,663 | 4,896,574 |
5.00%, 09/01/33 to 09/01/49 (a) | 18,111,942 | 20,369,654 |
6.50%, 08/01/34 to 05/01/40 (a) | 958,029 | 1,143,130 |
Freddie Mac | ||
2.00%, 08/01/23 to 06/01/40 (a) | 5,958,947 | 6,169,948 |
4.00%, 03/01/24 to 07/01/50 (a) | 89,599,690 | 96,417,224 |
5.50%, 05/01/24 to 08/01/41 (a) | 4,259,200 | 4,951,358 |
3.50%, 12/01/25 to 06/01/50 (a) | 140,533,255 | 149,819,031 |
3.00%, 08/01/26 to 07/01/50 (a) | 159,050,715 | 168,471,397 |
2.50%, 04/01/27 to 07/01/50 (a) | 65,382,757 | 68,384,470 |
6.00%, 09/01/32 to 07/01/40 (a) | 2,841,492 | 3,379,037 |
6.50%, 12/01/33 to 09/01/39 (a) | 307,097 | 373,518 |
4.50%, 05/01/34 to 08/01/49 (a) | 32,289,930 | 35,588,671 |
5.00%, 06/01/34 to 12/01/49 (a) | 10,515,410 | 11,875,284 |
Ginnie Mae | ||
3.00%, 01/20/27 to 05/20/50 (a) | 165,817,885 | 176,404,878 |
2.50%, 03/20/27 to 07/20/50 (a) | 33,764,447 | 35,599,572 |
3.50%, 09/20/32 to 04/20/50 (a) | 173,692,269 | 185,800,835 |
6.00%, 10/20/32 to 01/20/45 (a) | 1,364,754 | 1,601,816 |
5.50%, 02/20/33 to 03/20/49 (a) | 2,773,385 | 3,164,212 |
5.00%, 03/20/33 to 07/20/49 (a) | 14,855,447 | 16,687,613 |
4.50%, 01/20/39 to 02/20/50 (a) | 40,406,992 | 44,431,422 |
4.00%, 06/15/39 to 12/20/49 (a) | 85,247,283 | 91,983,140 |
Ginnie Mae TBA | ||
2.50%, 07/01/50 (a)(g) | 500,000 | 526,297 |
3.00%, 07/01/50 (a)(g) | 11,000,000 | 11,653,073 |
3.50%, 07/01/50 (a)(g) | 1,500,000 | 1,582,846 |
UMBS TBA | ||
2.00%, 07/01/35 (a)(g) | 1,000,000 | 1,034,629 |
2.50%, 07/01/35 to 07/01/50 (a)(g) | 22,000,000 | 22,985,332 |
3.00%, 07/01/35 to 07/01/50 (a)(g) | 88,000,000 | 92,666,361 |
3.50%, 07/01/35 to 07/01/50 (a)(g) | 19,000,000 | 19,973,140 |
4.00%, 07/01/35 to 07/01/50 (a)(g) | 14,000,000 | 14,829,830 |
2,127,575,066 | ||
Total Securitized | ||
(Cost $2,259,018,160) | 2,333,720,017 | |
Security | Number of Shares | Value ($) |
Other Investment Companies 3.7% of net assets | ||
Money Market Fund 3.7% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (l) | 290,311,782 | 290,311,782 |
Security | Number of Shares | Value ($) |
Securities Lending Collateral 0.0% | ||
Wells Fargo Government Money Market Fund, Select Class 0.11% (l) | 570,563 | 570,563 |
Total Other Investment Companies | ||
(Cost $290,882,345) | 290,882,345 |
* | Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | Issuer is affiliated with the fund’s investment adviser. |
(d) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $74,047,384 or 0.9% of net assets. |
(e) | Variable-rate security. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(h) | All or a portion of this security is held as collateral for delayed-delivery securities. |
(i) | Guaranteed by the Republic of Germany. |
(j) | All or a portion of this security is on loan. Securities on loan were valued at $551,992. |
(k) | Zero Coupon Bond. |
(l) | The rate shown is the 7-day yield. |
(m) | Variable rate is determined by formula set forth in the security’s offering documents and is affected by the MBS (Mortgage-Backed Securities) pass-through rate, which is the rate earned from a securitized asset pool once management fees and guarantee fees have been paid to the securitizing corporation. |
(n) | Variable rate is determined by formula set forth in the security’s offering documents and is affected by the current WAC (Weighted Average Coupon), which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
(o) | Security is a type of structured mortgage-backed security (MBS) that involves tranching (i.e. dividing) the underlying MBS pools’ cash flows into securities that have varying coupon and principal payback profiles. Tranches pay an investor an interest rate, which is determined by a formula set forth in the security’s offering documents. The floating interest rate may reset once a year and is generally tied to the London Interbank Offered Rate (LIBOR), the Constant Maturity Treasury (CMT), or the Cost of Funds Index (COFI). LIBOR is the interest rate banks charge each other for short-term loans. The CMT is an index published by the Federal Reserve Board to compute an index based on the monthly average yield of a range of Treasury securities maturing at different periods, adjusted to the equivalent of a one-year maturity. The COFI is a regional index of the average interest expenses paid by financial institutions on money market accounts, passbooks, CDs, and other liabilities. A variable interest rate can also be affected by the current WAC (Weighted Average Coupon), which is the weighted average gross interest rate of the securitized asset pool and is determined by the different speeds at which the underlying mortgages are paid down. |
GO — | General obligation |
RB — | Revenue bond |
REIT — | Real Estate Investment Trust |
TBA — | To-be-announced |
UMBS — | Uniform Mortgage-Backed Securities are single-class securities backed by mortgage loans purchased by either Freddie Mac or Fannie Mae |
Market Value at 12/31/19 | Gross Purchases* | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 6/30/20 | Face amount at 6/30/20 | Interest Income Earned | |
Charles Schwab Corp., 3.25%, 05/21/21 | $203,859 | $49,603 | ($256,219) | $3,021 | ($264) | $— | — | $3,097 |
Charles Schwab Corp., 2.65%, 01/25/23 | — | 204,217 | — | — | 6,428 | 210,645 | 200,000 | 2,311 |
Charles Schwab Corp., 3.55%, 02/01/24 | — | 159,435 | — | — | 4,859 | 164,294 | 150,000 | 2,174 |
Charles Schwab Corp., 4.20%, 03/24/25 | — | 281,617 | — | — | 5,358 | 286,975 | 250,000 | 1,663 |
Charles Schwab Corp., 3.85%, 05/21/25 | — | 134,813 | — | — | 7,298 | 142,111 | 125,000 | 2,313 |
Charles Schwab Corp., 3.20%, 01/25/28 | 476,293 | (1,439) | — | — | 28,930 | 503,784 | 450,000 | 7,200 |
Charles Schwab Corp., 4.00%, 02/01/29 | — | 282,301 | — | — | 14,045 | 296,346 | 250,000 | 4,167 |
Charles Schwab Corp., 3.25%, 05/22/29 | — | 211,464 | — | — | 13,844 | 225,308 | 200,000 | 2,997 |
Charles Schwab Corp., 4.63%, 03/22/30 | — | 286,626 | — | — | 26,555 | 313,181 | 250,000 | 2,447 |
Total | $680,152 | $1,608,637 | ($256,219) | $3,021 | $107,053 | $2,142,644 | $28,369 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates 1 | $— | $2,158,083,002 | $— | $2,158,083,002 | |
Treasuries | — | 2,915,055,835 | — | 2,915,055,835 | |
Government Related1 | — | 476,740,328 | — | 476,740,328 | |
Securitized 1 | — | 2,333,720,017 | — | 2,333,720,017 | |
Other Investment Companies1 | 290,882,345 | — | — | 290,882,345 | |
Total | $290,882,345 | $7,883,599,182 | $— | $8,174,481,527 |
1 | As categorized in Portfolio Holdings. |
Assets | ||
Investments in affiliated issuer, at value (cost $2,033,730) | $2,142,644 | |
Investments in unaffiliated issuers, at value (cost $7,626,866,099) including securities on loan of $551,992 | 8,171,768,320 | |
Collateral invested for securities on loan, at value (cost $570,563) | 570,563 | |
Cash | 206,712 | |
Receivables: | ||
Investments sold | 103,674,563 | |
Interest | 41,757,639 | |
Dividends | 31,048 | |
Income from securities on loan | + | 2,227 |
Total assets | 8,320,153,716 | |
Liabilities | ||
Collateral held for securities on loan | 570,563 | |
Payables: | ||
Investments bought | 160,178,003 | |
Investments bought — Delayed delivery | 206,620,760 | |
Management fees | + | 256,825 |
Total liabilities | 367,626,151 | |
Net Assets | ||
Total assets | 8,320,153,716 | |
Total liabilities | – | 367,626,151 |
Net assets | $7,952,527,565 | |
Net Assets by Source | ||
Capital received from investors | 7,406,183,048 | |
Total distributable earnings | 546,344,517 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,952,527,565 | 141,700,000 | $56.12 | ||
Investment Income | ||
Interest received from affiliated issuer | $28,369 | |
Interest received from unaffiliated issuers | 91,500,576 | |
Dividends received from unaffiliated issuers | 636,631 | |
Securities on loan, net | + | 5,378 |
Total investment income | 92,170,954 | |
Expenses | ||
Management fees | 1,527,124 | |
Total expenses | – | 1,527,124 |
Net investment income | 90,643,830 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on affiliated issuer | 3,021 | |
Net realized gains on unaffiliated investments | 45,636,656 | |
Net realized gains on in-kind redemptions on unaffiliated investments | + | 481,038 |
Net realized gains | 46,120,715 | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 107,053 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | + | 311,052,924 |
Net change in unrealized appreciation (depreciation) | + | 311,159,977 |
Net realized and unrealized gains | 357,280,692 | |
Increase in net assets resulting from operations | $447,924,522 |
Operations | ||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||
Net investment income | $90,643,830 | $174,839,792 | ||
Net realized gains | 46,120,715 | 9,439,160 | ||
Net change in unrealized appreciation (depreciation) | + | 311,159,977 | 330,898,161 | |
Increase in net assets resulting from operations | 447,924,522 | 515,177,113 | ||
Distributions to Shareholders | ||||
Total distributions | ($83,652,870) | ($184,048,740) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 17,100,000 | $945,780,297 | 28,700,000 | $1,512,898,662 | ||||
Shares redeemed | + | (13,600,000) | (741,033,385) | (100,000) | (5,100,791) | |||
Net transactions in fund shares | 3,500,000 | $204,746,912 | 28,600,000 | $1,507,797,871 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 1/1/19-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 138,200,000 | $7,383,509,001 | 109,600,000 | $5,544,582,757 | ||||
Total increase | + | 3,500,000 | 569,018,564 | 28,600,000 | 1,838,926,244 | |||
End of period | 141,700,000 | $7,952,527,565 | 138,200,000 | $7,383,509,001 |
1/1/20– 6/30/20* | 10/10/19 1– 12/31/19 | |||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.04 | $50.00 | ||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.47 | 0.23 | ||||
Net realized and unrealized gains (losses) | 1.17 | 0.02 | ||||
Total from investment operations | 1.64 | 0.25 | ||||
Less distributions: | ||||||
Distributions from net investment income | (0.39) | (0.21) | ||||
Net asset value at end of period | $51.29 | $50.04 | ||||
Total return | 3.30% 3 | 0.50% 3 | ||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 4 | 0.06% 4,5 | ||||
Net investment income (loss) | 1.89% 4 | 2.01% 4 | ||||
Portfolio turnover rate | 19% 3 | 12% 3 | ||||
Net assets, end of period (x 1,000) | $138,493 | $35,029 | ||||
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates 97.7% of net assets | ||
Financial Institutions 40.6% | ||
Banking 32.4% | ||
Ally Financial, Inc. | ||
4.13%, 02/13/22 | 200,000 | 205,692 |
3.05%, 06/05/23 (a) | 50,000 | 50,643 |
3.88%, 05/21/24 (a) | 50,000 | 51,757 |
5.13%, 09/30/24 | 20,000 | 21,643 |
American Express Co. | ||
3.70%, 11/05/21 (a) | 40,000 | 41,605 |
2.75%, 05/20/22 (a) | 500,000 | 519,642 |
2.50%, 08/01/22 (a) | 85,000 | 88,128 |
2.65%, 12/02/22 | 40,000 | 41,914 |
3.40%, 02/27/23 (a) | 100,000 | 106,870 |
3.70%, 08/03/23 (a) | 225,000 | 244,726 |
3.40%, 02/22/24 (a) | 25,000 | 27,184 |
2.50%, 07/30/24 (a) | 35,000 | 37,050 |
3.00%, 10/30/24 (a) | 40,000 | 43,283 |
Banco Santander S.A. | ||
3.50%, 04/11/22 | 200,000 | 207,719 |
3.85%, 04/12/23 | 200,000 | 212,829 |
2.75%, 05/28/25 | 200,000 | 207,223 |
Bank of America Corp. | ||
2.50%, 10/21/22 (a) | 25,000 | 25,604 |
3.30%, 01/11/23 | 725,000 | 774,090 |
3.12%, 01/20/23 (a)(b) | 150,000 | 155,362 |
2.88%, 04/24/23 (a)(b) | 25,000 | 25,910 |
4.10%, 07/24/23 | 1,060,000 | 1,165,046 |
3.00%, 12/20/23 (a)(b) | 130,000 | 136,616 |
3.55%, 03/05/24 (a)(b) | 175,000 | 186,950 |
4.00%, 04/01/24 | 50,000 | 55,516 |
1.49%, 05/19/24 (a)(b) | 150,000 | 152,515 |
4.20%, 08/26/24 | 50,000 | 55,554 |
4.00%, 01/22/25 | 50,000 | 55,302 |
3.46%, 03/15/25 (a)(b) | 135,000 | 146,448 |
3.95%, 04/21/25 | 500,000 | 554,322 |
3.09%, 10/01/25 (a)(b) | 75,000 | 80,945 |
2.46%, 10/22/25 (a)(b) | 50,000 | 52,645 |
3.37%, 01/23/26 (a)(b) | 45,000 | 49,199 |
2.02%, 02/13/26 (a)(b) | 55,000 | 56,930 |
Bank of Montreal | ||
1.90%, 08/27/21 | 25,000 | 25,440 |
2.90%, 03/26/22 | 100,000 | 104,230 |
3.30%, 02/05/24 | 500,000 | 542,505 |
2.50%, 06/28/24 | 80,000 | 84,938 |
1.85%, 05/01/25 | 25,000 | 25,888 |
4.34%, 10/05/28 (a)(b) | 25,000 | 26,707 |
Bank of New York Mellon Corp. | ||
1.95%, 08/23/22 | 550,000 | 566,921 |
2.95%, 01/29/23 (a) | 150,000 | 159,466 |
2.10%, 10/24/24 | 25,000 | 26,364 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.00%, 02/24/25 (a) | 45,000 | 49,352 |
1.60%, 04/24/25 (a) | 100,000 | 103,753 |
Bank of Nova Scotia | ||
1.63%, 05/01/23 | 500,000 | 511,877 |
3.40%, 02/11/24 | 125,000 | 135,818 |
2.20%, 02/03/25 | 30,000 | 31,538 |
Barclays PLC | ||
3.68%, 01/10/23 (a) | 200,000 | 207,516 |
4.61%, 02/15/23 (a)(b) | 500,000 | 526,530 |
3.65%, 03/16/25 | 225,000 | 244,267 |
2.85%, 05/07/26 (a)(b) | 200,000 | 208,794 |
BNP Paribas S.A. | ||
3.25%, 03/03/23 | 100,000 | 107,952 |
Canadian Imperial Bank of Commerce | ||
2.55%, 06/16/22 | 400,000 | 416,278 |
3.10%, 04/02/24 | 85,000 | 91,071 |
2.25%, 01/28/25 | 25,000 | 26,222 |
Capital One Financial Corp. | ||
3.20%, 01/30/23 (a) | 65,000 | 68,695 |
2.60%, 05/11/23 (a) | 100,000 | 104,516 |
3.90%, 01/29/24 (a) | 550,000 | 598,834 |
3.30%, 10/30/24 (a) | 100,000 | 107,680 |
3.20%, 02/05/25 (a) | 20,000 | 21,493 |
Citibank NA | ||
3.65%, 01/23/24 (a) | 1,000,000 | 1,097,760 |
Citigroup, Inc. | ||
2.35%, 08/02/21 | 75,000 | 76,481 |
2.90%, 12/08/21 (a) | 50,000 | 51,513 |
4.50%, 01/14/22 | 100,000 | 105,807 |
4.05%, 07/30/22 | 100,000 | 106,117 |
2.70%, 10/27/22 (a) | 50,000 | 52,174 |
3.14%, 01/24/23 (a)(b) | 100,000 | 103,478 |
3.50%, 05/15/23 | 125,000 | 133,311 |
2.88%, 07/24/23 (a)(b) | 350,000 | 364,385 |
4.04%, 06/01/24 (a)(b) | 75,000 | 81,526 |
3.75%, 06/16/24 | 40,000 | 44,181 |
4.00%, 08/05/24 | 20,000 | 21,872 |
3.88%, 03/26/25 | 25,000 | 27,380 |
3.35%, 04/24/25 (a)(b) | 75,000 | 81,073 |
3.11%, 04/08/26 (a)(b) | 350,000 | 376,540 |
Citizens Bank NA | ||
2.65%, 05/26/22 (a) | 250,000 | 258,319 |
Citizens Financial Group, Inc. | ||
2.38%, 07/28/21 (a) | 100,000 | 101,472 |
Comerica, Inc. | ||
3.70%, 07/31/23 (a) | 25,000 | 26,887 |
Cooperatieve Rabobank UA | ||
3.88%, 02/08/22 | 300,000 | 316,771 |
3.95%, 11/09/22 | 250,000 | 264,825 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Credit Suisse AG | ||
3.00%, 10/29/21 | 250,000 | 258,425 |
2.80%, 04/08/22 | 250,000 | 259,442 |
2.95%, 04/09/25 | 500,000 | 542,522 |
Credit Suisse Group Funding Guernsey Ltd. | ||
3.80%, 09/15/22 | 250,000 | 265,567 |
Deutsche Bank AG | ||
4.25%, 10/14/21 | 100,000 | 102,530 |
3.95%, 02/27/23 | 500,000 | 519,822 |
3.70%, 05/30/24 | 50,000 | 52,268 |
3.70%, 05/30/24 | 100,000 | 104,264 |
Discover Bank | ||
2.45%, 09/12/24 (a) | 250,000 | 262,564 |
Discover Financial Services | ||
5.20%, 04/27/22 | 65,000 | 69,462 |
3.85%, 11/21/22 | 50,000 | 53,103 |
3.95%, 11/06/24 (a) | 25,000 | 27,303 |
Fifth Third Bancorp | ||
2.60%, 06/15/22 (a) | 50,000 | 51,918 |
1.63%, 05/05/23 (a) | 25,000 | 25,623 |
4.30%, 01/16/24 (a) | 50,000 | 55,308 |
3.65%, 01/25/24 (a) | 50,000 | 54,577 |
2.38%, 01/28/25 (a) | 70,000 | 73,866 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 25,000 | 24,532 |
First Horizon National Corp. | ||
3.55%, 05/26/23 (a) | 100,000 | 103,185 |
4.00%, 05/26/25 (a) | 50,000 | 52,053 |
Goldman Sachs Group, Inc. | ||
5.25%, 07/27/21 | 100,000 | 104,988 |
2.35%, 11/15/21 (a) | 300,000 | 301,902 |
5.75%, 01/24/22 | 100,000 | 107,929 |
2.88%, 10/31/22 (a)(b) | 75,000 | 76,963 |
3.63%, 01/22/23 | 100,000 | 107,046 |
2.91%, 06/05/23 (a)(b) | 875,000 | 907,476 |
3.63%, 02/20/24 (a) | 90,000 | 97,914 |
4.00%, 03/03/24 | 125,000 | 138,281 |
3.85%, 07/08/24 (a) | 75,000 | 82,469 |
3.50%, 01/23/25 (a) | 50,000 | 54,654 |
3.50%, 04/01/25 (a) | 750,000 | 823,361 |
HSBC Holdings PLC | ||
4.88%, 01/14/22 | 200,000 | 212,806 |
3.26%, 03/13/23 (a)(b) | 500,000 | 517,892 |
3.60%, 05/25/23 | 200,000 | 214,215 |
4.25%, 03/14/24 | 200,000 | 215,779 |
3.95%, 05/18/24 (a)(b) | 220,000 | 236,617 |
Huntington Bancshares, Inc. | ||
2.30%, 01/14/22 (a) | 100,000 | 102,843 |
2.63%, 08/06/24 (a) | 25,000 | 26,482 |
Huntington National Bank | ||
2.50%, 08/07/22 (a) | 400,000 | 416,014 |
ING Groep N.V. | ||
3.15%, 03/29/22 | 200,000 | 208,090 |
JPMorgan Chase & Co. | ||
2.30%, 08/15/21 (a) | 100,000 | 100,214 |
4.35%, 08/15/21 | 75,000 | 78,290 |
4.50%, 01/24/22 | 75,000 | 79,635 |
3.25%, 09/23/22 | 50,000 | 52,858 |
2.97%, 01/15/23 (a) | 250,000 | 259,219 |
3.20%, 01/25/23 | 125,000 | 132,902 |
2.78%, 04/25/23 (a)(b) | 50,000 | 51,785 |
3.38%, 05/01/23 | 50,000 | 53,485 |
3.63%, 05/13/24 | 150,000 | 165,698 |
1.51%, 06/01/24 (a)(b) | 150,000 | 152,578 |
3.80%, 07/23/24 (a)(b) | 65,000 | 70,548 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.88%, 09/10/24 | 120,000 | 133,021 |
4.02%, 12/05/24 (a)(b) | 1,100,000 | 1,212,656 |
3.13%, 01/23/25 (a) | 305,000 | 332,445 |
2.30%, 10/15/25 (a)(b) | 55,000 | 57,704 |
2.08%, 04/22/26 (a)(b) | 100,000 | 104,015 |
KeyBank NA | ||
2.30%, 09/14/22 | 500,000 | 518,795 |
Lloyds Banking Group PLC | ||
3.10%, 07/06/21 | 200,000 | 204,595 |
3.00%, 01/11/22 | 200,000 | 206,457 |
4.05%, 08/16/23 | 200,000 | 217,288 |
2.91%, 11/07/23 (a)(b) | 500,000 | 519,882 |
Manufacturers & Traders Trust Co. | ||
2.50%, 05/18/22 (a) | 250,000 | 258,674 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.00%, 02/22/22 | 100,000 | 103,609 |
2.62%, 07/18/22 | 225,000 | 233,921 |
3.41%, 03/07/24 | 600,000 | 648,312 |
2.19%, 02/25/25 | 200,000 | 206,890 |
Mizuho Financial Group, Inc. | ||
2.95%, 02/28/22 | 200,000 | 207,422 |
3.55%, 03/05/23 | 200,000 | 214,219 |
2.84%, 07/16/25 (a)(b) | 200,000 | 210,269 |
Morgan Stanley | ||
2.63%, 11/17/21 | 500,000 | 513,905 |
2.75%, 05/19/22 | 100,000 | 103,887 |
4.88%, 11/01/22 | 150,000 | 163,219 |
3.13%, 01/23/23 | 50,000 | 53,067 |
3.75%, 02/25/23 | 90,000 | 97,096 |
4.10%, 05/22/23 | 250,000 | 270,401 |
3.74%, 04/24/24 (a)(b) | 75,000 | 80,847 |
3.88%, 04/29/24 | 100,000 | 110,601 |
3.70%, 10/23/24 | 75,000 | 83,205 |
2.72%, 07/22/25 (a)(b) | 85,000 | 90,107 |
2.19%, 04/28/26 (a)(b) | 500,000 | 521,560 |
National Australia Bank Ltd. | ||
3.38%, 09/20/21 | 250,000 | 258,886 |
2.88%, 04/12/23 | 250,000 | 265,301 |
People's United Financial, Inc. | ||
3.65%, 12/06/22 (a) | 100,000 | 104,226 |
PNC Bank NA | ||
2.70%, 11/01/22 (a) | 250,000 | 261,586 |
PNC Financial Services Group, Inc. | ||
2.85%, 11/09/22 | 500,000 | 526,327 |
3.50%, 01/23/24 (a) | 75,000 | 82,093 |
3.90%, 04/29/24 (a) | 40,000 | 44,154 |
2.20%, 11/01/24 (a) | 100,000 | 106,184 |
Regions Financial Corp. | ||
3.80%, 08/14/23 (a) | 50,000 | 54,407 |
2.25%, 05/18/25 (a) | 100,000 | 104,767 |
Royal Bank of Canada | ||
2.80%, 04/29/22 | 50,000 | 52,065 |
1.60%, 04/17/23 | 500,000 | 512,697 |
3.70%, 10/05/23 | 70,000 | 76,526 |
2.55%, 07/16/24 | 70,000 | 74,431 |
Royal Bank of Scotland Group PLC | ||
3.50%, 05/15/23 (a)(b) | 200,000 | 207,995 |
3.88%, 09/12/23 | 200,000 | 215,792 |
6.00%, 12/19/23 | 225,000 | 252,300 |
5.13%, 05/28/24 | 200,000 | 218,693 |
3.75%, 11/01/29 (a)(b) | 200,000 | 207,056 |
Santander Holdings USA, Inc. | ||
3.70%, 03/28/22 (a) | 75,000 | 77,443 |
3.40%, 01/18/23 (a) | 150,000 | 156,490 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Santander UK PLC | ||
2.10%, 01/13/23 | 200,000 | 206,204 |
4.00%, 03/13/24 | 400,000 | 441,166 |
State Street Corp. | ||
2.65%, 05/15/23 (a)(b) | 13,000 | 13,497 |
3.10%, 05/15/23 | 20,000 | 21,498 |
3.78%, 12/03/24 (a)(b) | 400,000 | 442,882 |
2.35%, 11/01/25 (a)(b) | 25,000 | 26,452 |
2.90%, 03/30/26 (a)(b)(c) | 25,000 | 27,116 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.06%, 07/14/21 | 200,000 | 203,408 |
2.78%, 07/12/22 | 525,000 | 547,034 |
2.35%, 01/15/25 | 400,000 | 418,248 |
Synchrony Financial | ||
3.75%, 08/15/21 (a) | 50,000 | 50,838 |
2.85%, 07/25/22 (a) | 225,000 | 229,075 |
4.38%, 03/19/24 (a) | 50,000 | 52,969 |
Toronto-Dominion Bank | ||
3.25%, 03/11/24 | 50,000 | 54,402 |
2.65%, 06/12/24 | 500,000 | 535,260 |
Truist Bank | ||
3.69%, 08/02/24 (a)(b) | 50,000 | 54,324 |
1.50%, 03/10/25 (a) | 500,000 | 513,115 |
Truist Financial Corp. | ||
2.70%, 01/27/22 (a) | 550,000 | 567,449 |
3.95%, 03/22/22 (a) | 50,000 | 52,149 |
3.05%, 06/20/22 (a) | 50,000 | 52,384 |
3.75%, 12/06/23 (a) | 65,000 | 71,242 |
2.50%, 08/01/24 (a) | 125,000 | 133,176 |
US Bancorp | ||
2.95%, 07/15/22 (a) | 50,000 | 52,434 |
3.70%, 01/30/24 (a) | 30,000 | 33,115 |
3.38%, 02/05/24 (a) | 255,000 | 278,906 |
2.40%, 07/30/24 (a) | 80,000 | 85,294 |
US Bank NA | ||
1.80%, 01/21/22 (a) | 750,000 | 765,521 |
Wells Fargo & Co. | ||
2.10%, 07/26/21 | 50,000 | 50,816 |
3.50%, 03/08/22 | 1,125,000 | 1,179,973 |
2.63%, 07/22/22 | 100,000 | 104,080 |
3.07%, 01/24/23 (a) | 110,000 | 114,106 |
3.45%, 02/13/23 | 80,000 | 85,051 |
4.13%, 08/15/23 | 25,000 | 27,212 |
3.30%, 09/09/24 | 100,000 | 109,641 |
3.00%, 02/19/25 | 150,000 | 162,129 |
2.41%, 10/30/25 (a)(b) | 620,000 | 645,646 |
2.16%, 02/11/26 (a)(b) | 115,000 | 118,690 |
2.19%, 04/30/26 (a)(b) | 200,000 | 207,152 |
Westpac Banking Corp. | ||
2.00%, 08/19/21 | 30,000 | 30,562 |
2.80%, 01/11/22 | 75,000 | 77,622 |
2.00%, 01/13/23 | 30,000 | 31,048 |
3.65%, 05/15/23 | 18,000 | 19,540 |
3.30%, 02/26/24 | 300,000 | 326,761 |
2.35%, 02/19/25 | 25,000 | 26,560 |
2.89%, 02/04/30 (a)(b) | 250,000 | 254,515 |
44,800,396 | ||
Brokerage/Asset Managers/Exchanges 1.1% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 50,000 | 54,430 |
Ameriprise Financial, Inc. | ||
3.00%, 03/22/22 | 100,000 | 104,145 |
4.00%, 10/15/23 | 50,000 | 55,277 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 50,000 | 52,092 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 135,000 | 149,347 |
Brookfield Asset Management, Inc. | ||
4.00%, 01/15/25 (a) | 215,000 | 236,746 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 25,000 | 27,154 |
Charles Schwab Corp. | ||
2.65%, 01/25/23 (a)(d) | 25,000 | 26,331 |
3.55%, 02/01/24 (a)(d) | 10,000 | 10,953 |
E*TRADE Financial Corp. | ||
2.95%, 08/24/22 (a) | 20,000 | 20,860 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 50,000 | 54,184 |
Intercontinental Exchange, Inc. | ||
3.45%, 09/21/23 (a) | 50,000 | 54,278 |
Invesco Finance PLC | ||
3.13%, 11/30/22 | 200,000 | 212,584 |
4.00%, 01/30/24 | 25,000 | 27,191 |
Jefferies Financial Group, Inc. | ||
5.50%, 10/18/23 (a) | 45,000 | 48,989 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 50,000 | 53,525 |
Nasdaq, Inc. | ||
4.25%, 06/01/24 (a) | 25,000 | 27,705 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 15,000 | 16,051 |
TD Ameritrade Holding Corp. | ||
3.75%, 04/01/24 (a) | 30,000 | 33,130 |
3.63%, 04/01/25 (a) | 200,000 | 223,901 |
1,488,873 | ||
Finance Companies 1.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.30%, 01/23/23 (a) | 250,000 | 244,647 |
2.88%, 08/14/24 (a) | 250,000 | 235,911 |
3.50%, 01/15/25 (a) | 150,000 | 141,053 |
Air Lease Corp. | ||
3.50%, 01/15/22 | 50,000 | 50,466 |
2.75%, 01/15/23 (a) | 350,000 | 347,854 |
3.00%, 09/15/23 (a) | 55,000 | 54,503 |
2.30%, 02/01/25 (a) | 25,000 | 23,920 |
Aircastle Ltd. | ||
4.40%, 09/25/23 (a) | 75,000 | 72,099 |
4.13%, 05/01/24 (a) | 50,000 | 47,365 |
Ares Capital Corp. | ||
3.63%, 01/19/22 (a) | 10,000 | 10,186 |
3.50%, 02/10/23 (a) | 235,000 | 236,442 |
4.20%, 06/10/24 (a) | 10,000 | 10,241 |
4.25%, 03/01/25 (a) | 20,000 | 20,384 |
FS KKR Capital Corp. | ||
4.75%, 05/15/22 (a) | 25,000 | 24,939 |
4.63%, 07/15/24 (a) | 25,000 | 24,952 |
4.13%, 02/01/25 (a) | 10,000 | 9,686 |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 25,000 | 27,306 |
GE Capital Funding LLC | ||
3.45%, 05/15/25 (a)(c) | 50,000 | 52,409 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 10,000 | 10,325 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
International Lease Finance Corp. | ||
5.88%, 08/15/22 | 45,000 | 47,284 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 50,000 | 51,415 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 10,000 | 9,784 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 25,000 | 25,985 |
Sixth Street Specialty Lending, Inc. | ||
3.88%, 11/01/24 (a) | 20,000 | 19,873 |
1,799,029 | ||
Financial Other 0.1% | ||
ORIX Corp. | ||
2.90%, 07/18/22 | 75,000 | 77,901 |
4.05%, 01/16/24 | 25,000 | 27,353 |
3.25%, 12/04/24 | 50,000 | 54,040 |
159,294 | ||
Insurance 3.3% | ||
Aetna, Inc. | ||
2.75%, 11/15/22 (a) | 25,000 | 26,053 |
3.50%, 11/15/24 (a) | 50,000 | 54,424 |
Aflac, Inc. | ||
3.63%, 06/15/23 | 25,000 | 27,443 |
3.63%, 11/15/24 | 25,000 | 28,346 |
3.25%, 03/17/25 | 50,000 | 55,541 |
Allstate Corp. | ||
3.15%, 06/15/23 | 85,000 | 91,697 |
American International Group, Inc. | ||
4.88%, 06/01/22 | 46,000 | 49,654 |
4.13%, 02/15/24 | 50,000 | 55,794 |
2.50%, 06/30/25 (a) | 50,000 | 52,992 |
Anthem, Inc. | ||
3.70%, 08/15/21 (a) | 50,000 | 51,443 |
3.30%, 01/15/23 | 500,000 | 532,647 |
3.50%, 08/15/24 (a) | 50,000 | 54,844 |
2.38%, 01/15/25 (a) | 75,000 | 79,554 |
Aon Corp. | ||
2.20%, 11/15/22 | 550,000 | 571,934 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 50,000 | 55,995 |
Berkshire Hathaway Finance Corp. | ||
3.00%, 05/15/22 | 25,000 | 26,225 |
Berkshire Hathaway, Inc. | ||
3.00%, 02/11/23 | 50,000 | 53,346 |
2.75%, 03/15/23 (a) | 25,000 | 26,486 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 20,000 | 21,791 |
Chubb INA Holdings, Inc. | ||
2.88%, 11/03/22 (a) | 50,000 | 52,567 |
3.35%, 05/15/24 | 25,000 | 27,544 |
3.15%, 03/15/25 | 50,000 | 55,387 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 25,000 | 27,228 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 50,000 | 55,418 |
Equitable Holdings, Inc. | ||
3.90%, 04/20/23 (a) | 25,000 | 26,766 |
Humana, Inc. | ||
3.15%, 12/01/22 (a) | 25,000 | 26,319 |
3.85%, 10/01/24 (a) | 25,000 | 27,426 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 20,000 | 21,597 |
Lincoln National Corp. | ||
4.20%, 03/15/22 | 35,000 | 36,970 |
Markel Corp. | ||
4.90%, 07/01/22 | 10,000 | 10,718 |
Marsh & McLennan Cos., Inc. | ||
3.30%, 03/14/23 (a) | 15,000 | 15,953 |
3.88%, 03/15/24 (a) | 35,000 | 38,826 |
3.50%, 06/03/24 (a) | 30,000 | 32,922 |
3.50%, 03/10/25 (a) | 500,000 | 554,890 |
MetLife, Inc. | ||
3.05%, 12/15/22 | 20,000 | 21,181 |
4.37%, 09/15/23 | 25,000 | 27,930 |
3.60%, 04/10/24 | 25,000 | 27,777 |
3.00%, 03/01/25 | 100,000 | 110,620 |
Old Republic International Corp. | ||
4.88%, 10/01/24 (a) | 25,000 | 27,203 |
Principal Financial Group, Inc. | ||
3.13%, 05/15/23 | 50,000 | 53,198 |
Prudential Financial, Inc. | ||
4.50%, 11/16/21 | 25,000 | 26,384 |
5.88%, 09/15/42 (a)(b) | 75,000 | 79,862 |
5.63%, 06/15/43 (a)(b) | 130,000 | 138,391 |
5.20%, 03/15/44 (a)(b) | 100,000 | 102,586 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 20,000 | 21,482 |
UnitedHealth Group, Inc. | ||
3.35%, 07/15/22 | 500,000 | 529,187 |
2.75%, 02/15/23 (a) | 100,000 | 105,520 |
3.50%, 02/15/24 | 50,000 | 55,035 |
Unum Group | ||
4.00%, 03/15/24 | 125,000 | 134,087 |
4.50%, 03/15/25 (a) | 75,000 | 80,784 |
Voya Financial, Inc. | ||
5.65%, 05/15/53 (a)(b) | 70,000 | 70,139 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 25,000 | 27,092 |
XLIT Ltd. | ||
4.45%, 03/31/25 | 15,000 | 16,910 |
4,582,108 | ||
REITs 2.4% | ||
Alexandria Real Estate Equities, Inc. | ||
3.90%, 06/15/23 (a) | 50,000 | 54,268 |
American Campus Communities Operating Partnership LP | ||
3.75%, 04/15/23 (a) | 25,000 | 25,743 |
Boston Properties LP | ||
3.13%, 09/01/23 (a) | 250,000 | 264,857 |
3.80%, 02/01/24 (a) | 25,000 | 27,271 |
3.20%, 01/15/25 (a) | 20,000 | 21,517 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 20,000 | 20,696 |
Columbia Property Trust Operating Partnership LP | ||
4.15%, 04/01/25 (a) | 20,000 | 21,169 |
CubeSmart LP | ||
4.38%, 12/15/23 (a) | 10,000 | 10,969 |
CyrusOne LP/CyrusOne Finance Corp. | ||
2.90%, 11/15/24 (a) | 20,000 | 21,045 |
Digital Realty Trust LP | ||
2.75%, 02/01/23 (a) | 20,000 | 20,965 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Duke Realty LP | ||
3.75%, 12/01/24 (a) | 265,000 | 293,994 |
ERP Operating LP | ||
4.63%, 12/15/21 (a) | 300,000 | 314,676 |
Essex Portfolio LP | ||
3.63%, 08/15/22 (a) | 50,000 | 52,491 |
3.25%, 05/01/23 (a) | 25,000 | 26,384 |
3.50%, 04/01/25 (a) | 15,000 | 16,586 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 50,000 | 53,332 |
Healthpeak Properties, Inc. | ||
3.88%, 08/15/24 (a) | 25,000 | 27,540 |
3.40%, 02/01/25 (a) | 25,000 | 27,231 |
Host Hotels & Resorts LP | ||
4.75%, 03/01/23 (a) | 25,000 | 25,924 |
3.75%, 10/15/23 (a) | 20,000 | 20,411 |
3.88%, 04/01/24 (a) | 15,000 | 15,399 |
Kilroy Realty LP | ||
3.80%, 01/15/23 (a) | 25,000 | 25,929 |
Kimco Realty Corp. | ||
3.40%, 11/01/22 (a) | 50,000 | 52,376 |
2.70%, 03/01/24 (a) | 250,000 | 258,750 |
3.30%, 02/01/25 (a) | 25,000 | 26,481 |
Mid-America Apartments LP | ||
4.30%, 10/15/23 (a) | 40,000 | 43,849 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 30,000 | 31,964 |
Office Properties Income Trust | ||
4.25%, 05/15/24 (a) | 50,000 | 48,841 |
4.50%, 02/01/25 (a) | 25,000 | 24,431 |
Omega Healthcare Investors, Inc. | ||
4.38%, 08/01/23 (a) | 70,000 | 72,772 |
4.50%, 01/15/25 (a) | 25,000 | 25,795 |
Piedmont Operating Partnership LP | ||
4.45%, 03/15/24 (a) | 25,000 | 25,697 |
Prologis LP | ||
4.25%, 08/15/23 (a) | 25,000 | 27,707 |
Realty Income Corp. | ||
4.65%, 08/01/23 (a) | 50,000 | 55,336 |
3.88%, 07/15/24 (a) | 100,000 | 109,341 |
Sabra Health Care LP | ||
4.80%, 06/01/24 (a) | 10,000 | 10,048 |
Simon Property Group LP | ||
2.63%, 06/15/22 (a) | 25,000 | 25,699 |
2.75%, 02/01/23 (a) | 250,000 | 259,672 |
2.75%, 06/01/23 (a) | 50,000 | 52,095 |
2.00%, 09/13/24 (a) | 50,000 | 51,182 |
SL Green Operating Partnership LP | ||
3.25%, 10/15/22 (a) | 20,000 | 20,040 |
UDR, Inc. | ||
3.75%, 07/01/24 (a) | 10,000 | 10,911 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 260,000 | 272,874 |
3.75%, 05/01/24 (a) | 35,000 | 36,611 |
2.65%, 01/15/25 (a) | 10,000 | 10,139 |
VEREIT Operating Partnership LP | ||
4.60%, 02/06/24 (a) | 25,000 | 26,854 |
Welltower, Inc. | ||
3.75%, 03/15/23 (a) | 20,000 | 21,138 |
4.50%, 01/15/24 (a) | 25,000 | 27,388 |
3.63%, 03/15/24 (a) | 280,000 | 299,495 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 25,000 | 26,888 |
3,342,771 | ||
56,172,471 | ||
Industrial 52.6% | ||
Basic Industry 2.3% | ||
Airgas, Inc. | ||
3.65%, 07/15/24 (a) | 20,000 | 21,972 |
Albemarle Corp. | ||
4.15%, 12/01/24 (a) | 20,000 | 21,447 |
BHP Billiton Finance USA Ltd. | ||
2.88%, 02/24/22 | 50,000 | 51,804 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 50,000 | 52,984 |
Dow Chemical Co. | ||
3.15%, 05/15/24 (a) | 20,000 | 21,364 |
DuPont de Nemours, Inc. | ||
2.17%, 05/01/23 | 500,000 | 509,937 |
4.21%, 11/15/23 (a) | 50,000 | 54,913 |
Eastman Chemical Co. | ||
3.50%, 12/01/21 | 75,000 | 77,520 |
3.80%, 03/15/25 (a) | 200,000 | 217,349 |
Ecolab, Inc. | ||
4.35%, 12/08/21 | 75,000 | 79,323 |
Fibria Overseas Finance Ltd. | ||
5.25%, 05/12/24 | 25,000 | 26,866 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 15,000 | 18,665 |
International Flavors & Fragrances, Inc. | ||
3.20%, 05/01/23 (a) | 20,000 | 20,951 |
Kinross Gold Corp. | ||
5.13%, 09/01/21 (a) | 200,000 | 206,241 |
5.95%, 03/15/24 (a) | 200,000 | 225,891 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 100,000 | 109,009 |
Mosaic Co. | ||
3.75%, 11/15/21 (a) | 25,000 | 25,623 |
3.25%, 11/15/22 (a) | 10,000 | 10,246 |
4.25%, 11/15/23 (a) | 25,000 | 26,356 |
NewMarket Corp. | ||
4.10%, 12/15/22 | 20,000 | 21,276 |
Newmont Corp. | ||
3.70%, 03/15/23 (a) | 8,000 | 8,316 |
Nucor Corp. | ||
4.00%, 08/01/23 (a) | 25,000 | 27,199 |
2.00%, 06/01/25 (a) | 50,000 | 51,834 |
Nutrien Ltd. | ||
3.15%, 10/01/22 (a) | 50,000 | 52,254 |
1.90%, 05/13/23 | 100,000 | 103,001 |
3.00%, 04/01/25 (a) | 250,000 | 267,335 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 50,000 | 54,524 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 25,000 | 26,520 |
Praxair, Inc. | ||
2.20%, 08/15/22 (a) | 50,000 | 51,514 |
2.70%, 02/21/23 (a) | 20,000 | 20,951 |
2.65%, 02/05/25 (a) | 15,000 | 16,088 |
Rayonier, Inc. | ||
3.75%, 04/01/22 (a) | 2,000 | 2,021 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Reliance Steel & Aluminum Co. | ||
4.50%, 04/15/23 (a) | 15,000 | 16,113 |
Southern Copper Corp. | ||
3.50%, 11/08/22 | 25,000 | 26,277 |
Steel Dynamics, Inc. | ||
5.25%, 04/15/23 (a) | 65,000 | 65,569 |
5.50%, 10/01/24 (a) | 15,000 | 15,413 |
2.40%, 06/15/25 (a) | 50,000 | 51,466 |
WestRock RKT LLC | ||
4.90%, 03/01/22 | 252,000 | 268,114 |
4.00%, 03/01/23 (a) | 35,000 | 37,318 |
Weyerhaeuser Co. | ||
3.25%, 03/15/23 (a) | 100,000 | 105,077 |
4.63%, 09/15/23 | 100,000 | 111,612 |
3,178,253 | ||
Capital Goods 5.2% | ||
3M Co. | ||
1.63%, 09/19/21 (a) | 25,000 | 25,344 |
2.75%, 03/01/22 (a) | 185,000 | 191,949 |
1.75%, 02/14/23 (a) | 50,000 | 51,652 |
2.00%, 02/14/25 (a) | 20,000 | 21,070 |
2.65%, 04/15/25 (a) | 50,000 | 54,187 |
ABB Finance USA, Inc. | ||
2.88%, 05/08/22 | 75,000 | 78,051 |
Amphenol Corp. | ||
3.20%, 04/01/24 (a) | 25,000 | 26,828 |
Boeing Co. | ||
2.30%, 08/01/21 | 35,000 | 35,273 |
2.13%, 03/01/22 (a) | 10,000 | 10,055 |
2.80%, 03/01/23 (a) | 15,000 | 15,296 |
4.51%, 05/01/23 (a) | 200,000 | 211,429 |
1.88%, 06/15/23 (a) | 35,000 | 34,802 |
2.80%, 03/01/24 (a) | 100,000 | 102,778 |
4.88%, 05/01/25 (a) | 250,000 | 272,819 |
Carlisle Cos., Inc. | ||
3.75%, 11/15/22 (a) | 50,000 | 51,933 |
3.50%, 12/01/24 (a) | 29,000 | 31,449 |
Carrier Global Corp. | ||
1.92%, 02/15/23 (a)(c) | 10,000 | 10,201 |
2.24%, 02/15/25 (a)(c) | 55,000 | 56,397 |
Caterpillar Financial Services Corp. | ||
3.15%, 09/07/21 | 25,000 | 25,817 |
1.93%, 10/01/21 | 10,000 | 10,194 |
1.95%, 11/18/22 | 30,000 | 31,069 |
2.55%, 11/29/22 | 30,000 | 31,582 |
3.75%, 11/24/23 | 20,000 | 22,053 |
2.85%, 05/17/24 | 25,000 | 26,980 |
3.30%, 06/09/24 | 290,000 | 318,169 |
2.15%, 11/08/24 | 300,000 | 317,994 |
Caterpillar, Inc. | ||
2.60%, 06/26/22 (a) | 20,000 | 20,714 |
CNH Industrial Capital LLC | ||
3.88%, 10/15/21 | 10,000 | 10,327 |
4.38%, 04/05/22 | 70,000 | 73,638 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 75,000 | 80,693 |
Deere & Co. | ||
2.60%, 06/08/22 (a) | 200,000 | 207,881 |
2.75%, 04/15/25 (a) | 50,000 | 54,502 |
Eaton Corp. | ||
2.75%, 11/02/22 | 100,000 | 105,857 |
Emerson Electric Co. | ||
2.63%, 12/01/21 (a) | 20,000 | 20,598 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23 (a) | 25,000 | 27,347 |
General Dynamics Corp. | ||
3.38%, 05/15/23 (a) | 50,000 | 53,955 |
3.25%, 04/01/25 (a) | 200,000 | 222,355 |
General Electric Co. | ||
3.15%, 09/07/22 | 100,000 | 104,597 |
3.10%, 01/09/23 | 65,000 | 68,095 |
3.45%, 05/15/24 (a) | 200,000 | 213,091 |
Honeywell International, Inc. | ||
1.85%, 11/01/21 (a) | 60,000 | 61,221 |
2.15%, 08/08/22 (a) | 60,000 | 62,101 |
1.35%, 06/01/25 (a) | 200,000 | 205,176 |
Howmet Aerospace, Inc. | ||
5.13%, 10/01/24 (a) | 125,000 | 129,602 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 20,000 | 21,907 |
John Deere Capital Corp. | ||
3.13%, 09/10/21 | 25,000 | 25,805 |
2.65%, 01/06/22 | 50,000 | 51,656 |
2.75%, 03/15/22 | 100,000 | 104,006 |
2.95%, 04/01/22 | 15,000 | 15,661 |
2.15%, 09/08/22 | 40,000 | 41,509 |
2.80%, 01/27/23 | 40,000 | 42,474 |
2.80%, 03/06/23 | 200,000 | 213,552 |
3.65%, 10/12/23 | 20,000 | 21,990 |
3.45%, 01/10/24 | 50,000 | 54,721 |
2.60%, 03/07/24 | 30,000 | 31,980 |
2.65%, 06/24/24 | 20,000 | 21,511 |
2.05%, 01/09/25 | 20,000 | 21,133 |
L3Harris Technologies, Inc. | ||
3.95%, 05/28/24 (a) | 10,000 | 11,020 |
Legrand France S.A. | ||
8.50%, 02/15/25 | 20,000 | 26,730 |
Lockheed Martin Corp. | ||
3.35%, 09/15/21 | 28,000 | 29,001 |
3.10%, 01/15/23 (a) | 120,000 | 127,697 |
Masco Corp. | ||
5.95%, 03/15/22 | 10,000 | 10,785 |
Northrop Grumman Corp. | ||
2.55%, 10/15/22 (a) | 50,000 | 52,185 |
3.25%, 08/01/23 | 50,000 | 53,855 |
2.93%, 01/15/25 (a) | 150,000 | 162,199 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a)(c) | 250,000 | 262,302 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 25,000 | 26,682 |
Precision Castparts Corp. | ||
2.50%, 01/15/23 (a) | 85,000 | 89,082 |
Raytheon Technologies Corp. | ||
2.80%, 03/15/22 (a)(c) | 50,000 | 51,595 |
2.50%, 12/15/22 (a)(c) | 25,000 | 25,925 |
3.20%, 03/15/24 (a)(c) | 175,000 | 188,543 |
Republic Services, Inc. | ||
3.55%, 06/01/22 (a) | 50,000 | 52,492 |
2.50%, 08/15/24 (a) | 20,000 | 21,287 |
3.20%, 03/15/25 (a) | 30,000 | 32,924 |
Roper Technologies, Inc. | ||
2.80%, 12/15/21 (a) | 25,000 | 25,727 |
3.13%, 11/15/22 (a) | 75,000 | 78,663 |
2.35%, 09/15/24 (a) | 50,000 | 53,069 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Stanley Black & Decker, Inc. | ||
3.40%, 12/01/21 (a) | 15,000 | 15,500 |
2.90%, 11/01/22 | 175,000 | 184,756 |
4.00%, 03/15/60 (a)(b) | 25,000 | 25,039 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 10,000 | 10,713 |
3.88%, 03/01/25 (a) | 100,000 | 107,614 |
Trane Technologies Global Holding Co., Ltd. | ||
4.25%, 06/15/23 | 35,000 | 38,537 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 125,000 | 139,600 |
Waste Management, Inc. | ||
2.90%, 09/15/22 (a) | 10,000 | 10,460 |
2.40%, 05/15/23 (a) | 30,000 | 31,288 |
2.95%, 06/15/24 (a) | 25,000 | 25,601 |
3.13%, 03/01/25 (a) | 350,000 | 382,945 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(e)(f) | 300,000 | 318,366 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 15,000 | 15,698 |
7,142,906 | ||
Communications 5.3% | ||
Activision Blizzard, Inc. | ||
2.30%, 09/15/21 (a) | 30,000 | 30,536 |
2.60%, 06/15/22 (a) | 65,000 | 67,462 |
American Tower Corp. | ||
3.45%, 09/15/21 | 40,000 | 41,455 |
4.70%, 03/15/22 | 250,000 | 267,217 |
3.00%, 06/15/23 | 75,000 | 80,108 |
2.95%, 01/15/25 (a) | 50,000 | 53,827 |
AT&T, Inc. | ||
4.00%, 01/15/22 | 50,000 | 52,691 |
3.20%, 03/01/22 (a) | 250,000 | 260,815 |
3.80%, 03/15/22 | 50,000 | 52,745 |
3.40%, 06/15/22 | 60,000 | 63,191 |
3.00%, 06/30/22 (a) | 215,000 | 224,828 |
3.60%, 02/17/23 (a) | 165,000 | 177,086 |
3.80%, 03/01/24 (a) | 150,000 | 165,122 |
3.90%, 03/11/24 (a) | 50,000 | 55,036 |
4.45%, 04/01/24 (a) | 150,000 | 168,184 |
3.55%, 06/01/24 (a) | 105,000 | 115,044 |
3.95%, 01/15/25 (a) | 100,000 | 111,586 |
CC Holdings GS V LLC/Crown Castle GS III Corp. | ||
3.85%, 04/15/23 | 130,000 | 140,433 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.46%, 07/23/22 (a) | 75,000 | 80,036 |
4.50%, 02/01/24 (a) | 235,000 | 260,130 |
Comcast Cable Communications Holdings, Inc. | ||
9.46%, 11/15/22 | 20,000 | 24,211 |
Comcast Corp. | ||
3.13%, 07/15/22 | 50,000 | 52,833 |
2.85%, 01/15/23 | 15,000 | 15,914 |
2.75%, 03/01/23 (a) | 25,000 | 26,403 |
3.00%, 02/01/24 (a) | 250,000 | 269,107 |
3.60%, 03/01/24 | 30,000 | 33,052 |
3.70%, 04/15/24 (a) | 50,000 | 55,415 |
3.38%, 02/15/25 (a) | 25,000 | 27,698 |
3.10%, 04/01/25 (a) | 250,000 | 275,312 |
Crown Castle International Corp. | ||
2.25%, 09/01/21 (a) | 125,000 | 127,119 |
4.88%, 04/15/22 | 20,000 | 21,467 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
5.25%, 01/15/23 | 150,000 | 166,862 |
3.20%, 09/01/24 (a) | 50,000 | 54,274 |
Discovery Communications LLC | ||
2.95%, 03/20/23 (a) | 19,000 | 19,994 |
Fox Corp. | ||
3.67%, 01/25/22 | 150,000 | 157,033 |
3.05%, 04/07/25 (a) | 20,000 | 21,651 |
Interpublic Group of Cos., Inc. | ||
3.75%, 10/01/21 | 90,000 | 93,314 |
Moody's Corp. | ||
4.50%, 09/01/22 (a) | 150,000 | 161,027 |
4.88%, 02/15/24 (a) | 50,000 | 56,498 |
NBCUniversal Media LLC | ||
2.88%, 01/15/23 | 50,000 | 53,046 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.63%, 05/01/22 | 100,000 | 105,544 |
3.65%, 11/01/24 (a) | 50,000 | 55,158 |
Rogers Communications, Inc. | ||
3.00%, 03/15/23 (a) | 20,000 | 21,279 |
4.10%, 10/01/23 (a) | 175,000 | 195,134 |
S&P Global, Inc. | ||
4.00%, 06/15/25 (a) | 50,000 | 57,355 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a)(c) | 175,000 | 190,913 |
Thomson Reuters Corp. | ||
4.30%, 11/23/23 (a) | 35,000 | 38,412 |
Time Warner Cable LLC | ||
4.00%, 09/01/21 (a) | 100,000 | 102,731 |
Time Warner Entertainment Co. LP | ||
8.38%, 03/15/23 | 25,000 | 29,603 |
TWDC Enterprises 18 Corp. | ||
2.75%, 08/16/21 | 15,000 | 15,378 |
Verizon Communications, Inc. | ||
2.45%, 11/01/22 (a) | 55,000 | 57,292 |
5.15%, 09/15/23 | 120,000 | 136,931 |
3.50%, 11/01/24 (a) | 130,000 | 143,873 |
3.38%, 02/15/25 | 500,000 | 556,935 |
ViacomCBS, Inc. | ||
4.25%, 09/01/23 (a) | 40,000 | 43,521 |
3.88%, 04/01/24 (a) | 20,000 | 21,625 |
3.70%, 08/15/24 (a) | 500,000 | 544,662 |
Vodafone Group PLC | ||
2.50%, 09/26/22 | 50,000 | 52,054 |
3.75%, 01/16/24 | 205,000 | 224,735 |
Walt Disney Co. | ||
1.65%, 09/01/22 | 40,000 | 40,951 |
3.00%, 09/15/22 | 125,000 | 132,201 |
1.75%, 08/30/24 (a) | 100,000 | 103,688 |
3.70%, 09/15/24 (a) | 50,000 | 55,645 |
3.35%, 03/24/25 | 150,000 | 166,554 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 70,000 | 75,741 |
7,347,677 | ||
Consumer Cyclical 7.6% | ||
Advance Auto Parts, Inc. | ||
4.50%, 01/15/22 (a) | 50,000 | 52,397 |
4.50%, 12/01/23 (a) | 25,000 | 27,308 |
Alibaba Group Holding Ltd. | ||
3.13%, 11/28/21 (a) | 200,000 | 204,962 |
Amazon.com, Inc. | ||
3.30%, 12/05/21 (a) | 25,000 | 25,972 |
2.50%, 11/29/22 (a) | 500,000 | 523,517 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.40%, 02/22/23 (a) | 75,000 | 78,831 |
2.80%, 08/22/24 (a) | 25,000 | 27,201 |
3.80%, 12/05/24 (a) | 50,000 | 56,730 |
American Honda Finance Corp. | ||
3.38%, 12/10/21 | 50,000 | 52,009 |
2.05%, 01/10/23 | 50,000 | 51,840 |
1.95%, 05/10/23 | 500,000 | 516,277 |
3.63%, 10/10/23 | 25,000 | 27,188 |
2.40%, 06/27/24 | 50,000 | 52,657 |
2.15%, 09/10/24 | 30,000 | 31,469 |
Aptiv Corp. | ||
4.15%, 03/15/24 (a) | 70,000 | 75,712 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 15,000 | 15,499 |
AutoZone, Inc. | ||
3.70%, 04/15/22 (a) | 50,000 | 52,339 |
3.25%, 04/15/25 (a) | 15,000 | 16,442 |
3.63%, 04/15/25 (a) | 90,000 | 100,551 |
Booking Holdings, Inc. | ||
4.10%, 04/13/25 (a) | 135,000 | 151,704 |
BorgWarner, Inc. | ||
3.38%, 03/15/25 (a) | 60,000 | 63,581 |
Costco Wholesale Corp. | ||
2.30%, 05/18/22 (a) | 100,000 | 103,635 |
2.75%, 05/18/24 (a) | 30,000 | 32,535 |
Cummins, Inc. | ||
3.65%, 10/01/23 (a) | 15,000 | 16,388 |
Dollar General Corp. | ||
3.25%, 04/15/23 (a) | 25,000 | 26,697 |
Dollar Tree, Inc. | ||
3.70%, 05/15/23 (a) | 120,000 | 128,634 |
DR Horton, Inc. | ||
4.38%, 09/15/22 (a) | 35,000 | 37,153 |
5.75%, 08/15/23 (a) | 15,000 | 16,868 |
2.60%, 10/15/25 (a) | 15,000 | 15,795 |
eBay, Inc. | ||
2.75%, 01/30/23 (a) | 50,000 | 52,392 |
3.45%, 08/01/24 (a) | 20,000 | 21,822 |
1.90%, 03/11/25 (a) | 100,000 | 103,372 |
Expedia Group, Inc. | ||
4.50%, 08/15/24 (a) | 20,000 | 20,768 |
General Motors Co. | ||
4.88%, 10/02/23 | 25,000 | 26,618 |
5.40%, 10/02/23 | 200,000 | 216,714 |
4.00%, 04/01/25 | 30,000 | 31,242 |
General Motors Financial Co., Inc. | ||
4.38%, 09/25/21 | 60,000 | 61,672 |
4.20%, 11/06/21 | 80,000 | 82,233 |
3.45%, 04/10/22 (a) | 50,000 | 50,996 |
3.55%, 07/08/22 | 500,000 | 512,890 |
5.20%, 03/20/23 | 50,000 | 53,501 |
3.70%, 05/09/23 (a) | 50,000 | 51,525 |
4.25%, 05/15/23 | 100,000 | 104,493 |
5.10%, 01/17/24 (a) | 50,000 | 53,601 |
3.95%, 04/13/24 (a) | 70,000 | 72,390 |
4.00%, 01/15/25 (a) | 290,000 | 301,510 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.38%, 11/01/23 (a) | 20,000 | 21,385 |
3.35%, 09/01/24 (a) | 15,000 | 15,109 |
5.25%, 06/01/25 (a) | 75,000 | 81,625 |
Home Depot, Inc. | ||
2.63%, 06/01/22 (a) | 30,000 | 31,313 |
2.70%, 04/01/23 (a) | 265,000 | 280,012 |
3.75%, 02/15/24 (a) | 40,000 | 44,220 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Hyatt Hotels Corp. | ||
3.38%, 07/15/23 (a) | 100,000 | 100,845 |
5.38%, 04/23/25 (a) | 15,000 | 15,871 |
IHS Markit Ltd. | ||
3.63%, 05/01/24 (a) | 25,000 | 26,815 |
Las Vegas Sands Corp. | ||
3.20%, 08/08/24 (a) | 65,000 | 64,691 |
Lowe's Cos., Inc. | ||
3.13%, 09/15/24 (a) | 25,000 | 27,242 |
4.00%, 04/15/25 (a) | 25,000 | 28,531 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 25,000 | 27,580 |
Marriott International, Inc. | ||
3.13%, 10/15/21 (a) | 75,000 | 75,153 |
2.30%, 01/15/22 (a) | 100,000 | 99,379 |
3.60%, 04/15/24 (a) | 15,000 | 15,084 |
Mastercard, Inc. | ||
2.00%, 11/21/21 (a) | 250,000 | 255,502 |
3.38%, 04/01/24 | 25,000 | 27,662 |
2.00%, 03/03/25 (a) | 50,000 | 52,990 |
McDonald's Corp. | ||
2.63%, 01/15/22 | 150,000 | 155,068 |
3.35%, 04/01/23 (a) | 50,000 | 53,620 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 30,000 | 32,383 |
Nordstrom, Inc. | ||
4.00%, 10/15/21 (a) | 20,000 | 20,017 |
O'Reilly Automotive, Inc. | ||
3.80%, 09/01/22 (a) | 15,000 | 15,847 |
PACCAR Financial Corp. | ||
3.15%, 08/09/21 | 30,000 | 30,902 |
3.40%, 08/09/23 | 50,000 | 54,069 |
2.15%, 08/15/24 | 3,000 | 3,163 |
1.80%, 02/06/25 | 10,000 | 10,436 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 20,000 | 23,023 |
Sands China Ltd. | ||
4.60%, 08/08/23 (a) | 200,000 | 210,778 |
Starbucks Corp. | ||
1.30%, 05/07/22 | 30,000 | 30,420 |
2.70%, 06/15/22 (a) | 50,000 | 51,945 |
3.10%, 03/01/23 (a) | 30,000 | 31,933 |
3.85%, 10/01/23 (a) | 15,000 | 16,437 |
Tapestry, Inc. | ||
3.00%, 07/15/22 (a) | 15,000 | 14,760 |
Target Corp. | ||
3.50%, 07/01/24 | 65,000 | 72,628 |
2.25%, 04/15/25 (a) | 500,000 | 535,280 |
TJX Cos., Inc. | ||
2.50%, 05/15/23 (a) | 275,000 | 288,604 |
Toyota Motor Corp. | ||
2.16%, 07/02/22 | 50,000 | 51,536 |
Toyota Motor Credit Corp. | ||
1.80%, 10/07/21 | 60,000 | 60,985 |
3.30%, 01/12/22 | 25,000 | 26,052 |
2.15%, 09/08/22 | 100,000 | 103,306 |
2.63%, 01/10/23 | 50,000 | 52,409 |
2.90%, 03/30/23 | 50,000 | 52,950 |
1.35%, 08/25/23 | 100,000 | 101,885 |
3.45%, 09/20/23 | 600,000 | 650,793 |
2.90%, 04/17/24 | 50,000 | 53,671 |
1.80%, 02/13/25 | 25,000 | 25,916 |
3.00%, 04/01/25 | 100,000 | 109,001 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
VF Corp. | ||
2.05%, 04/23/22 | 115,000 | 118,098 |
2.40%, 04/23/25 (a) | 25,000 | 26,391 |
Visa, Inc. | ||
2.15%, 09/15/22 (a) | 500,000 | 519,487 |
2.80%, 12/14/22 (a) | 50,000 | 52,804 |
Walgreen Co. | ||
3.10%, 09/15/22 | 50,000 | 52,392 |
Walgreens Boots Alliance, Inc. | ||
3.30%, 11/18/21 (a) | 25,000 | 25,780 |
3.80%, 11/18/24 (a) | 190,000 | 209,411 |
Walmart, Inc. | ||
2.35%, 12/15/22 (a) | 25,000 | 26,198 |
2.55%, 04/11/23 (a) | 50,000 | 52,714 |
3.30%, 04/22/24 (a) | 100,000 | 109,756 |
2.85%, 07/08/24 (a) | 50,000 | 54,289 |
2.65%, 12/15/24 (a) | 515,000 | 558,154 |
Western Union Co. | ||
4.25%, 06/09/23 (a) | 30,000 | 32,512 |
10,468,442 | ||
Consumer Non-Cyclical 13.9% | ||
Abbott Laboratories | ||
3.40%, 11/30/23 (a) | 250,000 | 272,370 |
AbbVie, Inc. | ||
3.38%, 11/14/21 | 125,000 | 129,598 |
2.15%, 11/19/21 (c) | 150,000 | 152,917 |
3.45%, 03/15/22 (a)(c) | 50,000 | 52,016 |
3.25%, 10/01/22 (a)(c) | 25,000 | 26,198 |
2.90%, 11/06/22 | 250,000 | 262,337 |
3.20%, 11/06/22 (a) | 150,000 | 157,834 |
2.30%, 11/21/22 (c) | 450,000 | 465,862 |
3.75%, 11/14/23 (a) | 50,000 | 54,707 |
2.60%, 11/21/24 (a)(c) | 275,000 | 292,109 |
3.80%, 03/15/25 (a)(c) | 100,000 | 110,959 |
Altria Group, Inc. | ||
2.85%, 08/09/22 | 245,000 | 255,403 |
4.00%, 01/31/24 | 115,000 | 126,866 |
3.80%, 02/14/24 (a) | 25,000 | 27,379 |
2.35%, 05/06/25 (a) | 30,000 | 31,568 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 25,000 | 27,133 |
3.25%, 03/01/25 (a) | 20,000 | 21,897 |
Amgen, Inc. | ||
3.88%, 11/15/21 (a) | 87,000 | 90,322 |
2.70%, 05/01/22 (a) | 75,000 | 77,815 |
2.65%, 05/11/22 (a) | 125,000 | 129,857 |
3.63%, 05/15/22 (a) | 20,000 | 20,986 |
2.25%, 08/19/23 (a) | 25,000 | 26,196 |
3.63%, 05/22/24 (a) | 150,000 | 164,592 |
1.90%, 02/21/25 (a) | 20,000 | 20,892 |
Anheuser-Busch InBev Finance, Inc. | ||
2.63%, 01/17/23 | 25,000 | 26,214 |
3.30%, 02/01/23 (a) | 190,000 | 201,492 |
3.70%, 02/01/24 | 20,000 | 21,991 |
Anheuser-Busch InBev Worldwide, Inc. | ||
2.50%, 07/15/22 | 19,000 | 19,715 |
3.50%, 01/12/24 (a) | 25,000 | 27,241 |
4.15%, 01/23/25 (a) | 255,000 | 289,320 |
Archer-Daniels-Midland Co. | ||
2.75%, 03/27/25 (a) | 100,000 | 108,629 |
AstraZeneca PLC | ||
2.38%, 06/12/22 (a) | 75,000 | 77,625 |
3.50%, 08/17/23 (a) | 25,000 | 27,078 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
BAT Capital Corp. | ||
2.76%, 08/15/22 (a) | 300,000 | 310,873 |
3.22%, 08/15/24 (a) | 150,000 | 160,681 |
Baxter International, Inc. | ||
1.70%, 08/15/21 (a) | 25,000 | 25,233 |
Becton Dickinson & Co. | ||
3.13%, 11/08/21 | 50,000 | 51,510 |
2.89%, 06/06/22 (a) | 120,000 | 124,290 |
3.36%, 06/06/24 (a) | 175,000 | 188,647 |
3.73%, 12/15/24 (a) | 20,000 | 22,109 |
Biogen, Inc. | ||
3.63%, 09/15/22 | 75,000 | 79,723 |
Boston Scientific Corp. | ||
3.38%, 05/15/22 | 100,000 | 104,501 |
Bristol-Myers Squibb Co. | ||
2.25%, 08/15/21 (c) | 25,000 | 25,488 |
2.60%, 05/16/22 (c) | 50,000 | 51,964 |
3.55%, 08/15/22 (c) | 150,000 | 159,487 |
3.25%, 02/20/23 (a)(c) | 150,000 | 159,982 |
7.15%, 06/15/23 | 100,000 | 118,785 |
3.63%, 05/15/24 (a)(c) | 75,000 | 82,623 |
2.90%, 07/26/24 (a)(c) | 275,000 | 297,330 |
Bunge Ltd. Finance Corp. | ||
3.00%, 09/25/22 (a) | 32,000 | 33,356 |
Campbell Soup Co. | ||
2.50%, 08/02/22 | 50,000 | 51,558 |
3.65%, 03/15/23 (a) | 40,000 | 42,772 |
3.30%, 03/19/25 (a) | 50,000 | 54,311 |
Cardinal Health, Inc. | ||
2.62%, 06/15/22 (a) | 70,000 | 72,403 |
3.08%, 06/15/24 (a) | 100,000 | 106,858 |
3.50%, 11/15/24 (a) | 20,000 | 21,739 |
Cigna Corp. | ||
3.40%, 09/17/21 | 50,000 | 51,663 |
3.90%, 02/15/22 (c) | 100,000 | 105,077 |
3.00%, 07/15/23 (a)(c) | 25,000 | 26,496 |
3.75%, 07/15/23 (a) | 215,000 | 233,490 |
3.25%, 04/15/25 (a)(c) | 100,000 | 109,211 |
Clorox Co. | ||
3.05%, 09/15/22 (a) | 100,000 | 105,289 |
3.50%, 12/15/24 (a) | 25,000 | 28,039 |
Coca-Cola Co. | ||
2.20%, 05/25/22 | 150,000 | 155,200 |
3.20%, 11/01/23 | 105,000 | 114,313 |
1.75%, 09/06/24 | 200,000 | 209,917 |
2.95%, 03/25/25 | 50,000 | 55,101 |
Colgate-Palmolive Co. | ||
2.45%, 11/15/21 | 10,000 | 10,297 |
2.25%, 11/15/22 | 15,000 | 15,666 |
2.10%, 05/01/23 | 50,000 | 52,343 |
3.25%, 03/15/24 | 75,000 | 82,247 |
Conagra Brands, Inc. | ||
3.80%, 10/22/21 | 25,000 | 26,005 |
3.20%, 01/25/23 (a) | 20,000 | 21,247 |
4.30%, 05/01/24 (a) | 75,000 | 83,278 |
Constellation Brands, Inc. | ||
3.20%, 02/15/23 (a) | 50,000 | 53,008 |
4.25%, 05/01/23 | 200,000 | 219,273 |
4.75%, 11/15/24 | 15,000 | 17,310 |
Covidien International Finance S.A. | ||
3.20%, 06/15/22 (a) | 114,000 | 119,316 |
2.95%, 06/15/23 (a) | 15,000 | 15,962 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
CVS Health Corp. | ||
3.50%, 07/20/22 (a) | 200,000 | 210,770 |
4.75%, 12/01/22 (a) | 65,000 | 70,544 |
3.70%, 03/09/23 (a) | 395,000 | 424,260 |
4.00%, 12/05/23 (a) | 55,000 | 60,398 |
2.63%, 08/15/24 (a) | 90,000 | 95,783 |
4.10%, 03/25/25 (a) | 325,000 | 367,544 |
DH Europe Finance II Sarl | ||
2.05%, 11/15/22 | 100,000 | 103,349 |
2.20%, 11/15/24 (a) | 30,000 | 31,572 |
Diageo Capital PLC | ||
2.63%, 04/29/23 (a) | 50,000 | 52,789 |
Diageo Investment Corp. | ||
2.88%, 05/11/22 | 250,000 | 260,984 |
General Mills, Inc. | ||
3.15%, 12/15/21 (a) | 50,000 | 51,529 |
2.60%, 10/12/22 (a) | 200,000 | 208,138 |
3.70%, 10/17/23 (a) | 25,000 | 27,292 |
3.65%, 02/15/24 (a) | 3,000 | 3,291 |
Gilead Sciences, Inc. | ||
4.40%, 12/01/21 (a) | 195,000 | 204,175 |
1.95%, 03/01/22 (a) | 10,000 | 10,231 |
3.25%, 09/01/22 (a) | 105,000 | 111,170 |
3.70%, 04/01/24 (a) | 45,000 | 49,614 |
3.50%, 02/01/25 (a) | 135,000 | 150,580 |
GlaxoSmithKline Capital PLC | ||
2.85%, 05/08/22 | 250,000 | 260,921 |
2.88%, 06/01/22 (a) | 35,000 | 36,520 |
3.00%, 06/01/24 (a) | 50,000 | 54,132 |
GlaxoSmithKline Capital, Inc. | ||
2.80%, 03/18/23 | 150,000 | 158,887 |
3.38%, 05/15/23 | 75,000 | 80,939 |
Hasbro, Inc. | ||
2.60%, 11/19/22 | 50,000 | 51,607 |
3.00%, 11/19/24 (a) | 25,000 | 26,189 |
HCA, Inc. | ||
4.75%, 05/01/23 | 285,000 | 308,910 |
5.00%, 03/15/24 | 50,000 | 55,584 |
5.25%, 04/15/25 | 125,000 | 143,415 |
Hershey Co. | ||
3.38%, 05/15/23 (a) | 15,000 | 16,208 |
JM Smucker Co. | ||
3.50%, 10/15/21 | 10,000 | 10,400 |
3.00%, 03/15/22 | 100,000 | 103,731 |
3.50%, 03/15/25 | 50,000 | 55,562 |
Johnson & Johnson | ||
2.25%, 03/03/22 (a) | 140,000 | 144,296 |
3.38%, 12/05/23 | 50,000 | 55,101 |
2.63%, 01/15/25 (a) | 20,000 | 21,756 |
Kellogg Co. | ||
2.65%, 12/01/23 | 25,000 | 26,500 |
Keurig Dr Pepper, Inc. | ||
4.06%, 05/25/23 (a) | 275,000 | 299,753 |
3.13%, 12/15/23 (a) | 2,000 | 2,149 |
Kimberly-Clark Corp. | ||
2.40%, 03/01/22 | 50,000 | 51,496 |
Kroger Co. | ||
3.40%, 04/15/22 (a) | 25,000 | 26,066 |
2.80%, 08/01/22 (a) | 120,000 | 125,254 |
4.00%, 02/01/24 (a) | 35,000 | 38,555 |
Laboratory Corp. of America Holdings | ||
3.75%, 08/23/22 (a) | 50,000 | 52,836 |
3.25%, 09/01/24 (a) | 50,000 | 53,887 |
2.30%, 12/01/24 (a) | 100,000 | 105,391 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
McCormick & Co., Inc. | ||
2.70%, 08/15/22 (a) | 20,000 | 20,858 |
3.15%, 08/15/24 (a) | 25,000 | 27,151 |
McKesson Corp. | ||
2.70%, 12/15/22 (a) | 50,000 | 52,098 |
2.85%, 03/15/23 (a) | 64,000 | 67,033 |
3.80%, 03/15/24 (a) | 50,000 | 55,059 |
Medtronic, Inc. | ||
3.15%, 03/15/22 | 50,000 | 52,436 |
3.63%, 03/15/24 (a) | 20,000 | 22,049 |
3.50%, 03/15/25 | 200,000 | 225,669 |
Merck & Co., Inc. | ||
2.40%, 09/15/22 (a) | 25,000 | 26,029 |
2.80%, 05/18/23 | 200,000 | 213,122 |
2.90%, 03/07/24 (a) | 20,000 | 21,600 |
2.75%, 02/10/25 (a) | 220,000 | 239,041 |
Mondelez International, Inc. | ||
0.63%, 07/01/22 | 75,000 | 74,989 |
2.13%, 04/13/23 (a) | 50,000 | 51,824 |
3.63%, 05/07/23 (a) | 25,000 | 26,960 |
4.00%, 02/01/24 (a) | 20,000 | 22,136 |
1.50%, 05/04/25 (a) | 75,000 | 76,506 |
Novartis Capital Corp. | ||
2.40%, 05/17/22 (a) | 100,000 | 103,812 |
2.40%, 09/21/22 | 200,000 | 208,501 |
3.40%, 05/06/24 | 50,000 | 55,134 |
1.75%, 02/14/25 (a) | 35,000 | 36,625 |
PepsiCo, Inc. | ||
3.00%, 08/25/21 | 25,000 | 25,750 |
3.10%, 07/17/22 (a) | 25,000 | 26,283 |
2.75%, 03/01/23 | 50,000 | 52,987 |
0.75%, 05/01/23 | 250,000 | 252,139 |
2.25%, 03/19/25 (a) | 275,000 | 294,262 |
2.75%, 04/30/25 (a) | 25,000 | 27,292 |
Pfizer, Inc. | ||
3.00%, 09/15/21 | 25,000 | 25,813 |
2.20%, 12/15/21 | 55,000 | 56,446 |
2.80%, 03/11/22 | 165,000 | 171,833 |
5.80%, 08/12/23 | 122,000 | 141,227 |
3.20%, 09/15/23 (a) | 50,000 | 54,116 |
2.95%, 03/15/24 (a) | 50,000 | 54,210 |
3.40%, 05/15/24 | 150,000 | 166,496 |
Philip Morris International, Inc. | ||
2.90%, 11/15/21 | 50,000 | 51,787 |
2.38%, 08/17/22 (a) | 20,000 | 20,743 |
2.50%, 11/02/22 (a) | 30,000 | 31,337 |
2.13%, 05/10/23 (a) | 40,000 | 41,712 |
2.88%, 05/01/24 (a) | 290,000 | 312,004 |
3.25%, 11/10/24 | 30,000 | 33,235 |
1.50%, 05/01/25 (a) | 25,000 | 25,600 |
Procter & Gamble Co. | ||
1.70%, 11/03/21 | 25,000 | 25,472 |
2.30%, 02/06/22 | 50,000 | 51,635 |
2.15%, 08/11/22 | 10,000 | 10,389 |
3.10%, 08/15/23 | 260,000 | 284,592 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 25,000 | 27,562 |
Reynolds American, Inc. | ||
4.00%, 06/12/22 | 50,000 | 52,825 |
4.85%, 09/15/23 | 80,000 | 88,827 |
4.45%, 06/12/25 (a) | 100,000 | 112,854 |
Sanofi | ||
3.38%, 06/19/23 (a) | 25,000 | 27,068 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Shire Acquisitions Investments Ireland DAC | ||
2.40%, 09/23/21 (a) | 75,000 | 76,464 |
2.88%, 09/23/23 (a) | 180,000 | 190,968 |
SSM Health Care Corp. | ||
3.69%, 06/01/23 (a) | 15,000 | 16,131 |
Sysco Corp. | ||
2.60%, 06/12/22 | 25,000 | 25,876 |
5.65%, 04/01/25 (a) | 100,000 | 117,069 |
Takeda Pharmaceutical Co., Ltd. | ||
4.00%, 11/26/21 (a) | 200,000 | 208,708 |
4.40%, 11/26/23 (a) | 200,000 | 222,948 |
Thermo Fisher Scientific, Inc. | ||
3.00%, 04/15/23 (a) | 165,000 | 174,793 |
4.13%, 03/25/25 (a) | 100,000 | 114,172 |
Tyson Foods, Inc. | ||
4.50%, 06/15/22 (a) | 225,000 | 239,277 |
3.95%, 08/15/24 (a) | 25,000 | 27,723 |
Unilever Capital Corp. | ||
1.38%, 07/28/21 | 100,000 | 101,166 |
3.25%, 03/07/24 (a) | 200,000 | 217,935 |
Upjohn, Inc. | ||
1.65%, 06/22/25 (a)(c) | 100,000 | 101,947 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 10,000 | 10,737 |
Zimmer Biomet Holdings, Inc. | ||
3.38%, 11/30/21 (a) | 50,000 | 51,486 |
3.55%, 04/01/25 (a) | 150,000 | 163,303 |
Zoetis, Inc. | ||
3.25%, 08/20/21 | 30,000 | 30,838 |
3.25%, 02/01/23 (a) | 25,000 | 26,405 |
19,256,221 | ||
Energy 7.5% | ||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
2.77%, 12/15/22 (a) | 35,000 | 36,520 |
Boardwalk Pipelines LP | ||
3.38%, 02/01/23 (a) | 35,000 | 35,336 |
4.95%, 12/15/24 (a) | 50,000 | 53,829 |
BP Capital Markets America, Inc. | ||
2.11%, 09/16/21 (a) | 85,000 | 86,602 |
2.52%, 09/19/22 (a) | 50,000 | 51,891 |
2.75%, 05/10/23 | 65,000 | 68,664 |
3.22%, 11/28/23 (a) | 25,000 | 26,845 |
3.79%, 02/06/24 (a) | 40,000 | 43,762 |
3.22%, 04/14/24 (a) | 25,000 | 26,907 |
3.19%, 04/06/25 (a) | 30,000 | 32,723 |
BP Capital Markets PLC | ||
3.56%, 11/01/21 | 35,000 | 36,359 |
3.06%, 03/17/22 | 100,000 | 104,045 |
3.81%, 02/10/24 | 500,000 | 549,627 |
3.54%, 11/04/24 | 25,000 | 27,514 |
Canadian Natural Resources Ltd. | ||
3.45%, 11/15/21 (a) | 25,000 | 25,665 |
2.95%, 01/15/23 (a) | 50,000 | 51,671 |
3.80%, 04/15/24 (a) | 150,000 | 159,816 |
3.90%, 02/01/25 (a) | 150,000 | 161,353 |
Chevron Corp. | ||
2.50%, 03/03/22 (a) | 75,000 | 77,539 |
2.36%, 12/05/22 (a) | 20,000 | 20,845 |
1.14%, 05/11/23 | 150,000 | 152,709 |
2.57%, 05/16/23 (a) | 75,000 | 79,116 |
3.19%, 06/24/23 (a) | 350,000 | 375,634 |
2.90%, 03/03/24 (a) | 25,000 | 26,912 |
1.55%, 05/11/25 (a) | 100,000 | 102,925 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Cimarex Energy Co. | ||
4.38%, 06/01/24 (a) | 25,000 | 26,461 |
Concho Resources, Inc. | ||
4.38%, 01/15/25 (a) | 25,000 | 25,881 |
Diamondback Energy, Inc. | ||
2.88%, 12/01/24 (a) | 10,000 | 10,012 |
4.75%, 05/31/25 (a) | 75,000 | 80,426 |
Dominion Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 20,000 | 21,177 |
3.60%, 12/15/24 (a) | 15,000 | 16,484 |
Enable Midstream Partners LP | ||
3.90%, 05/15/24 (a) | 25,000 | 24,526 |
Enbridge, Inc. | ||
2.90%, 07/15/22 (a) | 300,000 | 311,334 |
2.50%, 01/15/25 (a) | 25,000 | 26,166 |
Energy Transfer Operating LP | ||
5.20%, 02/01/22 (a) | 75,000 | 78,799 |
3.60%, 02/01/23 (a) | 50,000 | 51,858 |
4.25%, 03/15/23 (a) | 50,000 | 52,711 |
5.88%, 01/15/24 (a) | 350,000 | 390,715 |
4.90%, 02/01/24 (a) | 20,000 | 21,739 |
4.50%, 04/15/24 (a) | 70,000 | 75,910 |
2.90%, 05/15/25 (a) | 50,000 | 51,300 |
Enterprise Products Operating LLC | ||
3.50%, 02/01/22 | 120,000 | 125,284 |
3.35%, 03/15/23 (a) | 50,000 | 53,059 |
3.90%, 02/15/24 (a) | 50,000 | 54,794 |
3.75%, 02/15/25 (a) | 35,000 | 38,823 |
4.88%, 08/16/77 (a)(b) | 75,000 | 65,624 |
EOG Resources, Inc. | ||
2.63%, 03/15/23 (a) | 175,000 | 183,442 |
Exxon Mobil Corp. | ||
2.40%, 03/06/22 (a) | 300,000 | 309,474 |
1.90%, 08/16/22 | 30,000 | 30,889 |
2.73%, 03/01/23 (a) | 40,000 | 42,114 |
3.18%, 03/15/24 (a) | 65,000 | 70,684 |
2.02%, 08/16/24 (a) | 30,000 | 31,343 |
2.71%, 03/06/25 (a) | 100,000 | 107,400 |
2.99%, 03/19/25 (a) | 230,000 | 250,257 |
Halliburton Co. | ||
3.25%, 11/15/21 (a) | 50,000 | 51,173 |
3.50%, 08/01/23 (a) | 60,000 | 62,904 |
Husky Energy, Inc. | ||
3.95%, 04/15/22 (a) | 25,000 | 25,603 |
Kinder Morgan Energy Partners LP | ||
4.15%, 03/01/22 | 200,000 | 210,125 |
3.45%, 02/15/23 (a) | 100,000 | 105,372 |
3.50%, 09/01/23 (a) | 50,000 | 53,343 |
4.15%, 02/01/24 (a) | 25,000 | 27,173 |
4.30%, 05/01/24 (a) | 25,000 | 27,402 |
4.25%, 09/01/24 (a) | 50,000 | 55,160 |
Marathon Oil Corp. | ||
2.80%, 11/01/22 (a) | 50,000 | 50,535 |
Marathon Petroleum Corp. | ||
4.75%, 12/15/23 (a) | 45,000 | 49,446 |
3.63%, 09/15/24 (a) | 125,000 | 133,194 |
4.70%, 05/01/25 (a) | 100,000 | 112,130 |
MPLX LP | ||
3.38%, 03/15/23 (a) | 45,000 | 47,177 |
4.50%, 07/15/23 (a) | 35,000 | 37,753 |
6.38%, 05/01/24 (a) | 25,000 | 25,843 |
4.88%, 12/01/24 (a) | 250,000 | 278,065 |
4.00%, 02/15/25 (a) | 20,000 | 21,492 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Newfield Exploration Co. | ||
5.75%, 01/30/22 | 75,000 | 75,158 |
Noble Energy, Inc. | ||
3.90%, 11/15/24 (a) | 45,000 | 45,260 |
ONEOK Partners LP | ||
3.38%, 10/01/22 (a) | 150,000 | 155,307 |
ONEOK, Inc. | ||
4.25%, 02/01/22 (a) | 25,000 | 26,074 |
7.50%, 09/01/23 (a) | 15,000 | 17,325 |
2.75%, 09/01/24 (a) | 45,000 | 45,460 |
5.85%, 01/15/26 (a) | 20,000 | 22,873 |
Ovintiv, Inc. | ||
3.90%, 11/15/21 (a) | 125,000 | 124,515 |
Phillips 66 | ||
4.30%, 04/01/22 | 50,000 | 53,140 |
3.70%, 04/06/23 | 200,000 | 214,626 |
Phillips 66 Partners LP | ||
3.61%, 02/15/25 (a) | 20,000 | 21,531 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.65%, 06/01/22 (a) | 50,000 | 51,120 |
2.85%, 01/31/23 (a) | 40,000 | 40,481 |
3.85%, 10/15/23 (a) | 30,000 | 31,149 |
3.60%, 11/01/24 (a) | 30,000 | 30,752 |
Sabine Pass Liquefaction LLC | ||
6.25%, 03/15/22 (a) | 100,000 | 106,628 |
5.63%, 04/15/23 (a) | 250,000 | 273,637 |
5.75%, 05/15/24 (a) | 150,000 | 169,225 |
5.63%, 03/01/25 (a) | 250,000 | 287,040 |
Schlumberger Investment S.A. | ||
3.65%, 12/01/23 (a) | 140,000 | 150,423 |
Shell International Finance BV | ||
1.75%, 09/12/21 | 50,000 | 50,709 |
2.38%, 08/21/22 | 375,000 | 391,260 |
3.40%, 08/12/23 | 35,000 | 37,887 |
3.50%, 11/13/23 (a) | 50,000 | 54,477 |
2.00%, 11/07/24 (a) | 25,000 | 26,197 |
2.38%, 04/06/25 (a) | 35,000 | 37,219 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 25,000 | 27,967 |
Suncor Energy, Inc. | ||
2.80%, 05/15/23 | 100,000 | 104,465 |
3.10%, 05/15/25 (a) | 100,000 | 106,905 |
Sunoco Logistics Partners Operations LP | ||
4.25%, 04/01/24 (a) | 15,000 | 16,019 |
Total Capital International S.A. | ||
2.88%, 02/17/22 | 20,000 | 20,758 |
3.70%, 01/15/24 | 70,000 | 76,960 |
3.75%, 04/10/24 | 300,000 | 332,046 |
2.43%, 01/10/25 (a) | 25,000 | 26,573 |
TransCanada PipeLines Ltd. | ||
2.50%, 08/01/22 | 50,000 | 51,611 |
Valero Energy Corp. | ||
2.70%, 04/15/23 | 75,000 | 77,878 |
2.85%, 04/15/25 (a) | 35,000 | 37,022 |
Williams Cos., Inc. | ||
4.00%, 11/15/21 (a) | 25,000 | 25,856 |
3.60%, 03/15/22 (a) | 50,000 | 51,948 |
4.50%, 11/15/23 (a) | 75,000 | 82,309 |
4.55%, 06/24/24 (a) | 344,000 | 381,866 |
10,377,041 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Industrial Other 0.0% | ||
Cintas Corp. No. 2 | ||
2.90%, 04/01/22 (a) | 25,000 | 25,985 |
Technology 9.2% | ||
Adobe, Inc. | ||
1.70%, 02/01/23 | 15,000 | 15,544 |
1.90%, 02/01/25 (a) | 45,000 | 47,557 |
Agilent Technologies, Inc. | ||
3.88%, 07/15/23 (a) | 55,000 | 59,736 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 10,000 | 11,022 |
Analog Devices, Inc. | ||
2.50%, 12/05/21 (a) | 170,000 | 174,513 |
Apple, Inc. | ||
1.55%, 08/04/21 (a) | 95,000 | 96,194 |
2.50%, 02/09/22 (a) | 580,000 | 599,497 |
2.30%, 05/11/22 (a) | 50,000 | 51,725 |
2.70%, 05/13/22 | 50,000 | 52,213 |
2.10%, 09/12/22 (a) | 25,000 | 25,923 |
2.85%, 02/23/23 (a) | 50,000 | 53,067 |
2.40%, 05/03/23 | 100,000 | 105,784 |
0.75%, 05/11/23 | 25,000 | 25,235 |
3.45%, 05/06/24 | 600,000 | 664,017 |
2.85%, 05/11/24 (a) | 125,000 | 135,061 |
1.80%, 09/11/24 (a) | 20,000 | 20,969 |
2.75%, 01/13/25 (a) | 60,000 | 65,246 |
1.13%, 05/11/25 (a) | 250,000 | 255,236 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 25,000 | 26,486 |
4.00%, 04/01/25 (a) | 25,000 | 26,900 |
Avnet, Inc. | ||
4.88%, 12/01/22 | 50,000 | 53,354 |
Baidu, Inc. | ||
3.88%, 09/29/23 (a) | 100,000 | 106,561 |
4.38%, 05/14/24 (a) | 250,000 | 272,520 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
2.65%, 01/15/23 (a) | 25,000 | 25,973 |
3.63%, 01/15/24 (a) | 615,000 | 662,004 |
3.13%, 01/15/25 (a) | 65,000 | 69,469 |
Broadcom, Inc. | ||
3.13%, 10/15/22 (c) | 50,000 | 52,120 |
4.70%, 04/15/25 (a)(c) | 150,000 | 169,218 |
3.15%, 11/15/25 (a)(c) | 30,000 | 31,975 |
Cisco Systems, Inc. | ||
1.85%, 09/20/21 (a) | 55,000 | 56,027 |
3.00%, 06/15/22 | 250,000 | 263,430 |
2.20%, 09/20/23 (a) | 50,000 | 52,776 |
3.63%, 03/04/24 | 30,000 | 33,488 |
Corning, Inc. | ||
2.90%, 05/15/22 (a) | 15,000 | 15,578 |
Dell International LLC/EMC Corp. | ||
5.45%, 06/15/23 (a)(c) | 540,000 | 591,367 |
4.00%, 07/15/24 (a)(c) | 25,000 | 27,012 |
DXC Technology Co. | ||
4.00%, 04/15/23 | 50,000 | 52,499 |
4.25%, 04/15/24 (a) | 25,000 | 27,195 |
4.13%, 04/15/25 (a) | 20,000 | 21,318 |
Equifax, Inc. | ||
3.30%, 12/15/22 (a) | 220,000 | 231,900 |
2.60%, 12/01/24 (a) | 25,000 | 26,464 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 20,000 | 21,325 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Fidelity National Information Services, Inc. | ||
3.50%, 04/15/23 (a) | 25,000 | 26,774 |
3.88%, 06/05/24 (a) | 50,000 | 55,181 |
Fiserv, Inc. | ||
3.50%, 10/01/22 (a) | 250,000 | 264,731 |
3.80%, 10/01/23 (a) | 70,000 | 76,557 |
Flex Ltd. | ||
5.00%, 02/15/23 | 15,000 | 16,242 |
4.75%, 06/15/25 (a) | 50,000 | 55,797 |
Global Payments, Inc. | ||
3.75%, 06/01/23 (a) | 100,000 | 107,771 |
4.00%, 06/01/23 (a) | 25,000 | 27,124 |
Hewlett Packard Enterprise Co. | ||
3.50%, 10/05/21 (a) | 25,000 | 25,811 |
4.40%, 10/15/22 (a) | 65,000 | 69,625 |
4.45%, 10/02/23 (a) | 250,000 | 273,415 |
4.65%, 10/01/24 (a) | 35,000 | 39,313 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 155,019 |
IBM Credit LLC | ||
2.20%, 09/08/22 | 100,000 | 103,588 |
Intel Corp. | ||
3.30%, 10/01/21 | 75,000 | 77,871 |
2.35%, 05/11/22 (a) | 50,000 | 51,801 |
2.70%, 12/15/22 | 50,000 | 52,891 |
2.88%, 05/11/24 (a) | 25,000 | 27,037 |
2.70%, 06/17/24 (a) | 350,000 | 376,502 |
3.40%, 03/25/25 (a) | 50,000 | 56,163 |
International Business Machines Corp. | ||
2.85%, 05/13/22 | 100,000 | 104,582 |
3.38%, 08/01/23 | 150,000 | 162,505 |
3.63%, 02/12/24 | 100,000 | 110,146 |
3.00%, 05/15/24 | 450,000 | 486,889 |
Jabil, Inc. | ||
4.70%, 09/15/22 | 50,000 | 53,156 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 20,000 | 22,387 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 75,000 | 85,982 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 15,000 | 16,991 |
Leidos, Inc. | ||
2.95%, 05/15/23 (a)(c) | 50,000 | 52,660 |
3.63%, 05/15/25 (a)(c) | 60,000 | 65,403 |
Microchip Technology, Inc. | ||
4.33%, 06/01/23 (a) | 45,000 | 48,618 |
Micron Technology, Inc. | ||
2.50%, 04/24/23 | 200,000 | 207,980 |
4.64%, 02/06/24 (a) | 25,000 | 27,547 |
Microsoft Corp. | ||
1.55%, 08/08/21 (a) | 50,000 | 50,707 |
2.40%, 02/06/22 (a) | 50,000 | 51,610 |
2.38%, 02/12/22 (a) | 350,000 | 361,632 |
2.65%, 11/03/22 (a) | 45,000 | 47,314 |
2.00%, 08/08/23 (a) | 70,000 | 73,339 |
3.63%, 12/15/23 (a) | 25,000 | 27,569 |
2.88%, 02/06/24 (a) | 120,000 | 129,539 |
2.70%, 02/12/25 (a) | 340,000 | 370,345 |
Motorola Solutions, Inc. | ||
3.75%, 05/15/22 | 20,000 | 21,025 |
4.00%, 09/01/24 | 100,000 | 110,458 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 40,000 | 42,945 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a)(c) | 25,000 | 28,051 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a)(c) | 75,000 | 78,661 |
Oracle Corp. | ||
1.90%, 09/15/21 (a) | 150,000 | 152,547 |
2.50%, 05/15/22 (a) | 40,000 | 41,369 |
2.50%, 10/15/22 | 675,000 | 705,591 |
2.63%, 02/15/23 (a) | 75,000 | 78,908 |
3.40%, 07/08/24 (a) | 75,000 | 82,311 |
2.95%, 11/15/24 (a) | 50,000 | 54,416 |
2.50%, 04/01/25 (a) | 410,000 | 439,965 |
PayPal Holdings, Inc. | ||
2.20%, 09/26/22 | 100,000 | 103,527 |
1.35%, 06/01/23 | 50,000 | 50,979 |
2.40%, 10/01/24 (a) | 50,000 | 53,168 |
QUALCOMM, Inc. | ||
3.00%, 05/20/22 | 300,000 | 314,182 |
2.60%, 01/30/23 (a) | 75,000 | 78,735 |
2.90%, 05/20/24 (a) | 25,000 | 26,927 |
salesforce.com, Inc. | ||
3.25%, 04/11/23 (a) | 25,000 | 26,863 |
Seagate HDD Cayman | ||
4.75%, 06/01/23 | 175,000 | 185,086 |
4.88%, 03/01/24 (a) | 50,000 | 54,000 |
4.75%, 01/01/25 | 25,000 | 26,865 |
Texas Instruments, Inc. | ||
2.25%, 05/01/23 (a) | 25,000 | 26,233 |
2.63%, 05/15/24 (a) | 25,000 | 26,873 |
Trimble, Inc. | ||
4.15%, 06/15/23 (a) | 25,000 | 26,631 |
4.75%, 12/01/24 (a) | 20,000 | 21,787 |
Tyco Electronics Group S.A. | ||
3.50%, 02/03/22 (a) | 15,000 | 15,608 |
VMware, Inc. | ||
2.95%, 08/21/22 (a) | 45,000 | 46,605 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 25,000 | 26,922 |
12,818,850 | ||
Transportation 1.6% | ||
Burlington Northern Santa Fe LLC | ||
3.05%, 09/01/22 (a) | 75,000 | 78,690 |
3.00%, 03/15/23 (a) | 15,000 | 15,887 |
3.85%, 09/01/23 (a) | 25,000 | 27,355 |
3.75%, 04/01/24 (a) | 402,000 | 444,182 |
Canadian Pacific Railway Co. | ||
2.90%, 02/01/25 (a) | 15,000 | 16,276 |
Continental Airlines 2012-1 Class A Pass Through Trust | ||
4.15%, 04/11/24 | 13,109 | 12,239 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 25,000 | 27,560 |
Delta Air Lines 2007-1 Class A Pass Through Trust | ||
6.82%, 08/10/22 | 3,965 | 3,879 |
Delta Air Lines 2019-1 Class AA Pass Through Trust | ||
3.20%, 04/25/24 | 175,000 | 173,919 |
FedEx Corp. | ||
3.40%, 01/14/22 | 20,000 | 20,826 |
4.00%, 01/15/24 | 150,000 | 166,288 |
3.20%, 02/01/25 | 225,000 | 243,448 |
Norfolk Southern Corp. | ||
3.00%, 04/01/22 (a) | 130,000 | 135,114 |
3.85%, 01/15/24 (a) | 25,000 | 27,465 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Ryder System, Inc. | ||
3.45%, 11/15/21 (a) | 25,000 | 25,760 |
2.88%, 06/01/22 (a) | 50,000 | 52,037 |
3.75%, 06/09/23 (a) | 15,000 | 15,973 |
2.50%, 09/01/24 (a) | 20,000 | 20,630 |
3.35%, 09/01/25 (a) | 15,000 | 15,956 |
Southwest Airlines Co. | ||
4.75%, 05/04/23 | 100,000 | 102,843 |
5.25%, 05/04/25 (a) | 80,000 | 84,425 |
Union Pacific Corp. | ||
2.95%, 03/01/22 | 145,000 | 151,057 |
2.95%, 01/15/23 (a) | 25,000 | 26,363 |
3.50%, 06/08/23 (a) | 50,000 | 54,304 |
3.65%, 02/15/24 (a) | 15,000 | 16,408 |
3.15%, 03/01/24 (a) | 20,000 | 21,705 |
3.25%, 01/15/25 (a) | 15,000 | 16,494 |
United Parcel Service, Inc. | ||
2.45%, 10/01/22 | 20,000 | 20,885 |
2.50%, 04/01/23 (a) | 25,000 | 26,281 |
3.90%, 04/01/25 (a) | 150,000 | 170,501 |
2,214,750 | ||
72,830,125 | ||
Utility 4.5% | ||
Electric 4.2% | ||
Alabama Power Co. | ||
3.55%, 12/01/23 | 20,000 | 21,953 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 25,000 | 26,589 |
Ameren Illinois Co. | ||
3.25%, 03/01/25 (a) | 25,000 | 27,452 |
American Electric Power Co., Inc. | ||
3.65%, 12/01/21 | 50,000 | 52,161 |
2.95%, 12/15/22 (a) | 50,000 | 52,614 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 35,000 | 37,986 |
Berkshire Hathaway Energy Co. | ||
3.75%, 11/15/23 (a) | 125,000 | 137,151 |
3.50%, 02/01/25 (a) | 30,000 | 33,483 |
4.05%, 04/15/25 (a)(c) | 150,000 | 171,604 |
Black Hills Corp. | ||
4.25%, 11/30/23 (a) | 15,000 | 16,359 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/22 (a) | 50,000 | 51,755 |
3.85%, 02/01/24 (a) | 75,000 | 82,017 |
Consumers Energy Co. | ||
3.38%, 08/15/23 (a) | 13,000 | 14,071 |
Delmarva Power & Light Co. | ||
3.50%, 11/15/23 (a) | 25,000 | 27,152 |
Dominion Energy, Inc. | ||
2.00%, 08/15/21 (a) | 25,000 | 25,366 |
2.75%, 09/15/22 (a) | 100,000 | 104,140 |
3.07%, 08/15/24 | 50,000 | 53,910 |
3.30%, 03/15/25 (a) | 100,000 | 109,592 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 50,000 | 55,567 |
DTE Energy Co. | ||
3.70%, 08/01/23 (a) | 35,000 | 37,927 |
3.85%, 12/01/23 (a) | 30,000 | 32,626 |
3.50%, 06/01/24 (a) | 130,000 | 140,471 |
Duke Energy Carolinas LLC | ||
3.05%, 03/15/23 (a) | 73,000 | 77,840 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Duke Energy Corp. | ||
1.80%, 09/01/21 (a) | 165,000 | 167,270 |
2.40%, 08/15/22 (a) | 75,000 | 77,784 |
3.05%, 08/15/22 (a) | 50,000 | 52,230 |
3.75%, 04/15/24 (a) | 150,000 | 164,473 |
Duke Energy Progress LLC | ||
2.80%, 05/15/22 (a) | 30,000 | 31,176 |
Edison International | ||
2.95%, 03/15/23 (a) | 25,000 | 25,670 |
3.55%, 11/15/24 (a) | 75,000 | 79,280 |
4.95%, 04/15/25 (a) | 15,000 | 16,538 |
Entergy Arkansas LLC | ||
3.70%, 06/01/24 (a) | 30,000 | 33,150 |
Entergy Corp. | ||
4.00%, 07/15/22 (a) | 200,000 | 213,138 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 100,000 | 105,853 |
Eversource Energy | ||
2.75%, 03/15/22 (a) | 25,000 | 25,906 |
3.80%, 12/01/23 (a) | 50,000 | 54,917 |
2.90%, 10/01/24 (a) | 25,000 | 26,861 |
3.15%, 01/15/25 (a) | 25,000 | 27,145 |
Exelon Corp. | ||
3.50%, 06/01/22 (a) | 20,000 | 20,926 |
Exelon Generation Co. LLC | ||
3.40%, 03/15/22 (a) | 15,000 | 15,589 |
4.25%, 06/15/22 (a) | 20,000 | 21,193 |
3.25%, 06/01/25 (a) | 50,000 | 54,007 |
FirstEnergy Corp. | ||
4.25%, 03/15/23 (a) | 25,000 | 27,064 |
2.05%, 03/01/25 (a) | 125,000 | 129,497 |
Florida Power & Light Co. | ||
2.75%, 06/01/23 (a) | 25,000 | 26,410 |
3.25%, 06/01/24 (a) | 30,000 | 32,697 |
Georgia Power Co. | ||
2.10%, 07/30/23 | 40,000 | 41,669 |
2.20%, 09/15/24 (a) | 25,000 | 26,423 |
IPALCO Enterprises, Inc. | ||
3.70%, 09/01/24 (a) | 10,000 | 10,807 |
ITC Holdings Corp. | ||
3.65%, 06/15/24 (a) | 75,000 | 81,748 |
MidAmerican Energy Co. | ||
3.50%, 10/15/24 (a) | 125,000 | 138,883 |
National Rural Utilities Cooperative Finance Corp. | ||
2.40%, 04/25/22 (a) | 50,000 | 51,628 |
3.40%, 11/15/23 (a) | 25,000 | 27,279 |
2.95%, 02/07/24 (a) | 150,000 | 160,786 |
NextEra Energy Capital Holdings, Inc. | ||
2.90%, 04/01/22 | 300,000 | 312,271 |
2.80%, 01/15/23 (a) | 40,000 | 42,066 |
3.15%, 04/01/24 (a) | 65,000 | 70,613 |
2.75%, 05/01/25 (a) | 75,000 | 81,383 |
Northern States Power Co. | ||
2.60%, 05/15/23 (a) | 200,000 | 210,529 |
Ohio Power Co. | ||
5.38%, 10/01/21 | 25,000 | 26,499 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 250,000 | 271,149 |
Pacific Gas and Electric Co. | ||
1.75%, 06/16/22 (a) | 50,000 | 50,091 |
PacifiCorp | ||
3.60%, 04/01/24 (a) | 50,000 | 54,900 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
PECO Energy Co. | ||
2.38%, 09/15/22 (a) | 350,000 | 362,743 |
PPL Capital Funding, Inc. | ||
4.20%, 06/15/22 (a) | 100,000 | 106,069 |
3.50%, 12/01/22 (a) | 50,000 | 52,874 |
3.40%, 06/01/23 (a) | 13,000 | 13,806 |
Progress Energy, Inc. | ||
3.15%, 04/01/22 (a) | 6,000 | 6,231 |
Public Service Electric and Gas Co. | ||
2.38%, 05/15/23 (a) | 150,000 | 157,734 |
Public Service Enterprise Group, Inc. | ||
2.65%, 11/15/22 (a) | 50,000 | 52,227 |
2.88%, 06/15/24 (a) | 50,000 | 53,497 |
Puget Energy, Inc. | ||
5.63%, 07/15/22 (a) | 100,000 | 107,315 |
Sempra Energy | ||
3.55%, 06/15/24 (a) | 50,000 | 54,402 |
Southern California Edison Co. | ||
3.40%, 06/01/23 (a) | 50,000 | 53,209 |
3.50%, 10/01/23 (a) | 25,000 | 26,813 |
Southern Co. | ||
2.95%, 07/01/23 (a) | 100,000 | 105,985 |
Virginia Electric and Power Co. | ||
2.75%, 03/15/23 (a) | 50,000 | 52,601 |
WEC Energy Group, Inc. | ||
3.10%, 03/08/22 | 200,000 | 208,249 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 25,000 | 26,426 |
5,917,465 | ||
Natural Gas 0.2% | ||
CenterPoint Energy Resources Corp. | ||
3.55%, 04/01/23 (a) | 20,000 | 21,320 |
NiSource, Inc. | ||
2.65%, 11/17/22 (a) | 25,000 | 26,120 |
3.65%, 06/15/23 (a) | 100,000 | 108,057 |
Sempra Energy | ||
2.88%, 10/01/22 (a) | 50,000 | 51,929 |
Southern Co. Gas Capital Corp. | ||
2.45%, 10/01/23 (a) | 85,000 | 89,217 |
296,643 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.85%, 03/01/24 (a) | 35,000 | 38,614 |
3.40%, 03/01/25 (a) | 35,000 | 38,891 |
77,505 | ||
6,291,613 | ||
Total Corporates | ||
(Cost $132,114,250) | 135,294,209 |
Security | Number of Shares | Value ($) |
Other Investment Company 1.5% of net assets | ||
Money Market Fund 1.5% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (g) | 2,157,667 | 2,157,667 |
Total Other Investment Company | ||
(Cost $2,157,667) | 2,157,667 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
5 Year US Treasury Note (CBOT), expires 09/30/20 | 7 | 880,195 | (10) |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $4,353,138 or 3.1% of net assets. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | Variable-rate security. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | The rate shown is the 7-day yield. |
CBOT — | Chicago Board of Trade |
REIT — | Real Estate Investment Trust |
Market Value at 12/31/19 | Gross Purchases* | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 6/30/20 | Face amount at 6/30/20 | Interest Income Earned | |
Charles Schwab Corp., 2.65%, 01/25/23 | $— | $25,663 | $— | $— | $668 | $26,331 | 25,000 | $271 |
Charles Schwab Corp., 3.55%, 02/01/24 | — | 10,692 | — | — | 261 | 10,953 | 10,000 | 116 |
Total | $— | $36,355 | $— | $— | $929 | $37,284 | $387 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates 1 | $— | $135,294,209 | $— | $135,294,209 | |
Other Investment Company1 | 2,157,667 | — | — | 2,157,667 | |
Liabilities | |||||
Futures Contracts2 | (10) | — | — | (10) | |
Total | $2,157,657 | $135,294,209 | $— | $137,451,866 |
1 | As categorized in Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuer, at value (cost $36,355) | $37,284 | |
Investments in unaffiliated issuers, at value (cost $134,235,562) | 137,414,592 | |
Deposit with broker for futures contracts | 20,662 | |
Receivables: | ||
Investments sold | 2,562,676 | |
Interest | 1,103,313 | |
Dividends | + | 172 |
Total assets | 141,138,699 | |
Liabilities | ||
Payables: | ||
Investments bought | 74,989 | |
Management fees | 5,660 | |
Fund shares redeemed | + | 2,564,692 |
Total liabilities | 2,645,341 | |
Net Assets | ||
Total assets | 141,138,699 | |
Total liabilities | – | 2,645,341 |
Net assets | $138,493,358 | |
Net Assets by Source | ||
Capital received from investors | 135,385,562 | |
Total distributable earnings | 3,107,796 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$138,493,358 | 2,700,000 | $51.29 | ||
Investment Income | ||
Interest received from affiliated issuer | $387 | |
Interest received from unaffiliated issuers | 681,471 | |
Dividends received from unaffiliated issuers | + | 1,324 |
Total investment income | 683,182 | |
Expenses | ||
Management fees | 17,629 | |
Total expenses | – | 17,629 |
Net investment income | 665,553 | |
Realized and Unrealized Gains (Losses) | ||
Net realized losses on unaffiliated investments | (266,194) | |
Net realized losses on in-kind redemptions on unaffiliated investments | (4,401) | |
Net realized losses on futures contracts | + | (5,250) |
Net realized losses | (275,845) | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 929 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 3,143,969 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (10) |
Net change in unrealized appreciation (depreciation) | + | 3,144,888 |
Net realized and unrealized gains | 2,869,043 | |
Increase in net assets resulting from operations | $3,534,596 |
Operations | ||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||
Net investment income | $665,553 | $137,147 | ||
Net realized losses | (275,845) | (3,498) | ||
Net change in unrealized appreciation (depreciation) | + | 3,144,888 | 35,061 | |
Increase in net assets resulting from operations | 3,534,596 | 168,710 | ||
Distributions to Shareholders | ||||
Total distributions | ($459,690) | ($135,820) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 2,150,000 | $107,999,907 | 700,000 | $34,996,345 | ||||
Shares redeemed | + | (150,000) | (7,610,690) | — | — | |||
Net transactions in fund shares | 2,000,000 | $100,389,217 | 700,000 | $34,996,345 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 700,000 | $35,029,235 | — | $— | ||||
Total increase | + | 2,000,000 | 103,464,123 | 700,000 | 35,029,235 | |||
End of period | 2,700,000 | $138,493,358 | 700,000 | $35,029,235 |
* | Commencement of operations. |
1/1/20– 6/30/20* | 10/10/19 1– 12/31/19 | |||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.07 | $50.00 | ||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.65 | 0.29 | ||||
Net realized and unrealized gains (losses) | 2.06 | 0.04 | ||||
Total from investment operations | 2.71 | 0.33 | ||||
Less distributions: | ||||||
Distributions from net investment income | (0.53) | (0.26) | ||||
Net asset value at end of period | $52.25 | $50.07 | ||||
Total return | 5.45% 3 | 0.67% 3 | ||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 4 | 0.06% 4,5 | ||||
Net investment income (loss) | 2.61% 4 | 2.61% 4 | ||||
Portfolio turnover rate | 34% 3 | 8% 3 | ||||
Net assets, end of period (x 1,000) | $154,131 | $110,151 | ||||
* | Unaudited. |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Corporates 98.4% of net assets | ||
Financial Institutions 34.7% | ||
Banking 23.9% | ||
American Express Co. | ||
4.20%, 11/06/25 (a) | 50,000 | 58,135 |
3.13%, 05/20/26 (a) | 100,000 | 111,197 |
American Express Credit Corp. | ||
3.30%, 05/03/27 (a) | 100,000 | 113,712 |
Banco Santander S.A. | ||
4.25%, 04/11/27 | 200,000 | 221,466 |
3.80%, 02/23/28 | 200,000 | 216,540 |
3.49%, 05/28/30 | 200,000 | 214,586 |
Bank of America Corp. | ||
3.88%, 08/01/25 | 175,000 | 198,386 |
4.45%, 03/03/26 | 250,000 | 288,209 |
3.50%, 04/19/26 | 175,000 | 197,293 |
3.56%, 04/23/27 (a)(b) | 200,000 | 223,696 |
3.25%, 10/21/27 (a) | 250,000 | 276,754 |
4.18%, 11/25/27 (a) | 250,000 | 286,330 |
3.82%, 01/20/28 (a)(b) | 150,000 | 170,188 |
3.71%, 04/24/28 (a)(b) | 100,000 | 113,412 |
3.59%, 07/21/28 (a)(b) | 200,000 | 224,942 |
3.42%, 12/20/28 (a)(b) | 525,000 | 585,666 |
3.97%, 03/05/29 (a)(b) | 275,000 | 315,872 |
4.27%, 07/23/29 (a)(b) | 200,000 | 235,752 |
3.97%, 02/07/30 (a)(b) | 255,000 | 296,431 |
3.19%, 07/23/30 (a)(b) | 170,000 | 187,849 |
2.88%, 10/22/30 (a)(b) | 175,000 | 189,613 |
2.50%, 02/13/31 (a)(b) | 250,000 | 262,630 |
2.59%, 04/29/31 (a)(b) | 225,000 | 238,754 |
Bank of Montreal | ||
3.80%, 12/15/32 (a)(b) | 100,000 | 107,103 |
Bank of New York Mellon Corp. | ||
2.45%, 08/17/26 (a) | 75,000 | 81,717 |
3.40%, 01/29/28 (a) | 100,000 | 115,048 |
3.44%, 02/07/28 (a)(b) | 150,000 | 169,705 |
3.85%, 04/28/28 | 125,000 | 152,177 |
3.00%, 10/30/28 (a) | 100,000 | 109,985 |
3.30%, 08/23/29 (a) | 100,000 | 112,702 |
Bank of Nova Scotia | ||
4.50%, 12/16/25 | 75,000 | 84,891 |
2.70%, 08/03/26 | 150,000 | 163,757 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 80,000 | 87,680 |
Barclays PLC | ||
5.20%, 05/12/26 | 200,000 | 224,180 |
4.34%, 01/10/28 (a) | 200,000 | 222,537 |
4.84%, 05/09/28 (a) | 200,000 | 219,409 |
4.97%, 05/16/29 (a)(b) | 225,000 | 264,052 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Capital One Financial Corp. | ||
4.20%, 10/29/25 (a) | 90,000 | 100,227 |
3.75%, 07/28/26 (a) | 132,000 | 145,328 |
3.75%, 03/09/27 (a) | 100,000 | 110,654 |
3.65%, 05/11/27 (a) | 150,000 | 165,435 |
3.80%, 01/31/28 (a) | 100,000 | 111,026 |
Citigroup, Inc. | ||
5.50%, 09/13/25 | 150,000 | 177,837 |
3.70%, 01/12/26 | 150,000 | 167,870 |
3.40%, 05/01/26 | 410,000 | 455,192 |
3.20%, 10/21/26 (a) | 200,000 | 219,766 |
4.30%, 11/20/26 | 150,000 | 170,694 |
4.45%, 09/29/27 | 275,000 | 313,562 |
3.89%, 01/10/28 (a)(b) | 350,000 | 394,688 |
3.67%, 07/24/28 (a)(b) | 170,000 | 190,102 |
4.13%, 07/25/28 | 170,000 | 192,634 |
3.52%, 10/27/28 (a)(b) | 155,000 | 171,930 |
4.08%, 04/23/29 (a)(b) | 150,000 | 171,490 |
3.98%, 03/20/30 (a)(b) | 175,000 | 200,630 |
2.98%, 11/05/30 (a)(b) | 150,000 | 159,751 |
2.67%, 01/29/31 (a)(b) | 150,000 | 155,584 |
4.41%, 03/31/31 (a)(b) | 350,000 | 415,796 |
Citizens Financial Group, Inc. | ||
2.85%, 07/27/26 (a) | 100,000 | 108,120 |
2.50%, 02/06/30 (a) | 50,000 | 50,888 |
3.25%, 04/30/30 (a) | 50,000 | 53,906 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 100,000 | 112,619 |
Cooperatieve Rabobank UA | ||
3.75%, 07/21/26 | 250,000 | 275,769 |
Credit Suisse Group Funding Guernsey Ltd. | ||
4.55%, 04/17/26 | 250,000 | 287,967 |
Deutsche Bank AG | ||
4.10%, 01/13/26 | 50,000 | 52,913 |
Discover Bank | ||
2.70%, 02/06/30 (a) | 250,000 | 251,635 |
Discover Financial Services | ||
4.10%, 02/09/27 (a) | 75,000 | 82,304 |
Fifth Third Bancorp | ||
2.55%, 05/05/27 (a) | 50,000 | 53,654 |
3.95%, 03/14/28 (a) | 50,000 | 58,811 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 200,000 | 229,143 |
Goldman Sachs Group, Inc. | ||
4.25%, 10/21/25 | 200,000 | 225,328 |
3.75%, 02/25/26 (a) | 200,000 | 224,174 |
3.50%, 11/16/26 (a) | 170,000 | 187,049 |
3.85%, 01/26/27 (a) | 265,000 | 298,387 |
3.69%, 06/05/28 (a)(b) | 150,000 | 168,024 |
3.81%, 04/23/29 (a)(b) | 190,000 | 214,958 |
4.22%, 05/01/29 (a)(b) | 325,000 | 377,710 |
2.60%, 02/07/30 (a) | 150,000 | 157,846 |
3.80%, 03/15/30 (a) | 250,000 | 284,589 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
HSBC Holdings PLC | ||
4.30%, 03/08/26 | 200,000 | 226,021 |
3.90%, 05/25/26 | 200,000 | 222,528 |
4.29%, 09/12/26 (a)(b) | 200,000 | 223,093 |
4.38%, 11/23/26 | 250,000 | 278,755 |
4.04%, 03/13/28 (a)(b) | 225,000 | 248,750 |
4.58%, 06/19/29 (a)(b) | 200,000 | 231,103 |
4.95%, 03/31/30 | 200,000 | 240,627 |
3.97%, 05/22/30 (a)(b) | 225,000 | 250,607 |
Huntington Bancshares, Inc. | ||
2.55%, 02/04/30 (a) | 75,000 | 77,763 |
ING Groep N.V. | ||
4.55%, 10/02/28 | 250,000 | 302,450 |
JPMorgan Chase & Co. | ||
3.90%, 07/15/25 (a) | 75,000 | 84,885 |
3.30%, 04/01/26 (a) | 325,000 | 362,635 |
3.20%, 06/15/26 (a) | 162,000 | 179,941 |
2.95%, 10/01/26 (a) | 259,000 | 284,447 |
4.13%, 12/15/26 | 240,000 | 279,954 |
3.96%, 01/29/27 (a)(b) | 150,000 | 170,828 |
4.25%, 10/01/27 | 150,000 | 174,496 |
3.63%, 12/01/27 (a) | 100,000 | 110,582 |
3.78%, 02/01/28 (a)(b) | 185,000 | 209,748 |
3.54%, 05/01/28 (a)(b) | 100,000 | 111,885 |
3.51%, 01/23/29 (a)(b) | 185,000 | 208,639 |
4.01%, 04/23/29 (a)(b) | 275,000 | 317,588 |
4.20%, 07/23/29 (a)(b) | 195,000 | 228,659 |
4.45%, 12/05/29 (a)(b) | 150,000 | 179,724 |
3.70%, 05/06/30 (a)(b) | 200,000 | 229,488 |
2.74%, 10/15/30 (a)(b) | 255,000 | 273,676 |
4.49%, 03/24/31 (a)(b) | 200,000 | 245,065 |
2.52%, 04/22/31 (a)(b) | 225,000 | 238,157 |
2.96%, 05/13/31 (a)(b) | 390,000 | 414,336 |
KeyBank NA | ||
3.90%, 04/13/29 | 250,000 | 276,270 |
KeyCorp | ||
4.15%, 10/29/25 | 50,000 | 57,768 |
Lloyds Banking Group PLC | ||
4.58%, 12/10/25 | 225,000 | 249,870 |
4.38%, 03/22/28 | 250,000 | 289,076 |
4.55%, 08/16/28 | 200,000 | 235,722 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.85%, 03/01/26 | 200,000 | 226,690 |
3.68%, 02/22/27 | 200,000 | 222,007 |
3.96%, 03/02/28 | 200,000 | 229,861 |
3.74%, 03/07/29 | 100,000 | 113,590 |
3.20%, 07/18/29 | 200,000 | 218,740 |
Mizuho Financial Group, Inc. | ||
2.84%, 09/13/26 | 200,000 | 213,917 |
4.02%, 03/05/28 | 200,000 | 227,303 |
4.25%, 09/11/29 (a)(b) | 200,000 | 231,901 |
Morgan Stanley | ||
4.00%, 07/23/25 | 350,000 | 397,070 |
5.00%, 11/24/25 | 150,000 | 176,500 |
3.88%, 01/27/26 | 150,000 | 170,423 |
3.13%, 07/27/26 | 300,000 | 331,353 |
6.25%, 08/09/26 | 100,000 | 127,935 |
4.35%, 09/08/26 | 100,000 | 115,338 |
3.63%, 01/20/27 | 385,000 | 434,336 |
3.95%, 04/23/27 | 258,000 | 289,900 |
3.59%, 07/22/28 (a)(b) | 100,000 | 112,521 |
3.77%, 01/24/29 (a)(b) | 308,000 | 351,120 |
4.43%, 01/23/30 (a)(b) | 130,000 | 155,270 |
2.70%, 01/22/31 (a)(b) | 240,000 | 255,158 |
3.62%, 04/01/31 (a)(b) | 200,000 | 228,857 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 100,000 | 116,174 |
3.65%, 08/03/28 (a) | 75,000 | 87,482 |
3.15%, 05/03/29 (a) | 50,000 | 57,030 |
1.95%, 05/01/30 (a) | 50,000 | 51,659 |
PNC Bank NA | ||
3.25%, 01/22/28 (a) | 250,000 | 281,746 |
4.05%, 07/26/28 | 250,000 | 292,985 |
PNC Financial Services Group, Inc. | ||
2.60%, 07/23/26 (a) | 50,000 | 54,313 |
2.55%, 01/22/30 (a) | 190,000 | 205,260 |
Royal Bank of Canada | ||
4.65%, 01/27/26 | 100,000 | 116,119 |
Royal Bank of Scotland Group PLC | ||
3.07%, 05/22/28 (a)(b) | 200,000 | 210,501 |
4.89%, 05/18/29 (a)(b) | 225,000 | 265,027 |
5.08%, 01/27/30 (a)(b) | 200,000 | 240,587 |
Santander Holdings USA, Inc. | ||
3.24%, 10/05/26 (a)(c) | 200,000 | 210,673 |
4.40%, 07/13/27 (a) | 35,000 | 38,082 |
State Street Corp. | ||
4.14%, 12/03/29 (a)(b) | 50,000 | 60,136 |
2.40%, 01/24/30 | 75,000 | 80,709 |
3.03%, 11/01/34 (a)(b) | 100,000 | 107,599 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.63%, 07/14/26 | 200,000 | 213,352 |
3.01%, 10/19/26 | 100,000 | 109,001 |
3.36%, 07/12/27 | 100,000 | 110,156 |
3.35%, 10/18/27 | 75,000 | 82,331 |
3.54%, 01/17/28 | 75,000 | 83,288 |
4.31%, 10/16/28 | 100,000 | 117,486 |
3.04%, 07/16/29 | 450,000 | 487,645 |
3.20%, 09/17/29 | 100,000 | 107,334 |
2.75%, 01/15/30 | 200,000 | 212,132 |
SVB Financial Group | ||
3.13%, 06/05/30 (a) | 50,000 | 53,730 |
Synchrony Financial | ||
3.95%, 12/01/27 (a) | 100,000 | 104,383 |
5.15%, 03/19/29 (a) | 110,000 | 124,007 |
Toronto-Dominion Bank | ||
3.63%, 09/15/31 (a)(b) | 50,000 | 56,165 |
Truist Bank | ||
3.63%, 09/16/25 (a) | 250,000 | 279,690 |
4.05%, 11/03/25 (a) | 75,000 | 86,790 |
Truist Financial Corp. | ||
3.88%, 03/19/29 (a) | 50,000 | 56,815 |
US Bancorp | ||
2.38%, 07/22/26 (a) | 150,000 | 162,699 |
3.15%, 04/27/27 (a) | 170,000 | 191,056 |
3.00%, 07/30/29 (a) | 100,000 | 109,056 |
Wachovia Corp. | ||
7.57%, 08/01/26 | 25,000 | 32,168 |
Wells Fargo & Co. | ||
3.55%, 09/29/25 | 250,000 | 279,081 |
3.00%, 04/22/26 | 325,000 | 355,136 |
4.10%, 06/03/26 | 100,000 | 112,857 |
3.00%, 10/23/26 | 400,000 | 437,550 |
3.20%, 06/17/27 (a)(b) | 200,000 | 216,826 |
4.30%, 07/22/27 | 250,000 | 286,517 |
3.58%, 05/22/28 (a)(b) | 200,000 | 222,287 |
2.39%, 06/02/28 (a)(b) | 250,000 | 258,532 |
4.15%, 01/24/29 (a) | 152,000 | 178,799 |
2.88%, 10/30/30 (a)(b) | 300,000 | 320,982 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.57%, 02/11/31 (a)(b) | 200,000 | 209,433 |
4.48%, 04/04/31 (a)(b) | 200,000 | 242,052 |
Westpac Banking Corp. | ||
2.85%, 05/13/26 | 150,000 | 164,810 |
2.70%, 08/19/26 | 100,000 | 109,414 |
3.40%, 01/25/28 | 50,000 | 57,468 |
2.65%, 01/16/30 | 70,000 | 76,776 |
4.32%, 11/23/31 (a)(b) | 100,000 | 111,132 |
4.11%, 07/24/34 (a)(b) | 125,000 | 137,849 |
36,866,139 | ||
Brokerage/Asset Managers/Exchanges 1.4% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 50,000 | 51,199 |
Ameriprise Financial, Inc. | ||
2.88%, 09/15/26 (a) | 50,000 | 54,548 |
BlackRock, Inc. | ||
3.20%, 03/15/27 | 50,000 | 56,638 |
3.25%, 04/30/29 (a) | 150,000 | 172,424 |
Brookfield Finance, Inc. | ||
4.25%, 06/02/26 (a) | 25,000 | 28,152 |
3.90%, 01/25/28 (a) | 40,000 | 43,872 |
4.85%, 03/29/29 (a) | 75,000 | 88,377 |
4.35%, 04/15/30 (a) | 100,000 | 113,717 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 50,000 | 56,958 |
Charles Schwab Corp. | ||
3.20%, 03/02/27 (a)(d) | 50,000 | 55,795 |
3.25%, 05/22/29 (a)(d) | 30,000 | 33,796 |
4.63%, 03/22/30 (a)(d) | 150,000 | 187,909 |
CME Group, Inc. | ||
3.75%, 06/15/28 (a) | 50,000 | 60,172 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 75,000 | 82,499 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 25,000 | 27,143 |
Intercontinental Exchange, Inc. | ||
3.75%, 12/01/25 (a) | 100,000 | 114,538 |
3.10%, 09/15/27 (a) | 50,000 | 56,157 |
3.75%, 09/21/28 (a) | 41,000 | 48,154 |
Invesco Finance PLC | ||
3.75%, 01/15/26 | 50,000 | 55,058 |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25 (a) | 75,000 | 82,794 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 100,000 | 110,335 |
4.15%, 01/23/30 | 80,000 | 86,139 |
Lazard Group LLC | ||
3.63%, 03/01/27 (a) | 25,000 | 26,274 |
4.50%, 09/19/28 (a) | 100,000 | 113,194 |
4.38%, 03/11/29 (a) | 10,000 | 11,258 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 75,000 | 84,868 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 100,000 | 119,425 |
TD Ameritrade Holding Corp. | ||
3.30%, 04/01/27 (a) | 100,000 | 112,396 |
2.75%, 10/01/29 (a) | 25,000 | 27,513 |
2,161,302 | ||
Finance Companies 0.7% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.65%, 07/21/27 (a) | 150,000 | 133,361 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Air Lease Corp. | ||
3.75%, 06/01/26 (a) | 50,000 | 50,518 |
3.63%, 04/01/27 (a) | 100,000 | 98,227 |
3.63%, 12/01/27 (a) | 50,000 | 48,982 |
3.25%, 10/01/29 (a) | 35,000 | 33,471 |
3.00%, 02/01/30 (a) | 150,000 | 139,310 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 60,000 | 54,866 |
Ares Capital Corp. | ||
3.25%, 07/15/25 (a) | 60,000 | 58,327 |
GATX Corp. | ||
3.25%, 09/15/26 (a) | 50,000 | 52,337 |
3.85%, 03/30/27 (a) | 50,000 | 53,722 |
4.70%, 04/01/29 (a) | 75,000 | 85,301 |
GE Capital Funding LLC | ||
4.40%, 05/15/30 (a)(c) | 50,000 | 52,035 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 200,000 | 209,217 |
Owl Rock Capital Corp. | ||
3.75%, 07/22/25 (a) | 40,000 | 38,971 |
1,108,645 | ||
Financial Other 0.1% | ||
ORIX Corp. | ||
3.70%, 07/18/27 | 35,000 | 39,100 |
Insurance 4.2% | ||
Aflac, Inc. | ||
2.88%, 10/15/26 (a) | 50,000 | 55,248 |
3.60%, 04/01/30 (a) | 50,000 | 58,246 |
Allied World Assurance Co. Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 50,000 | 52,356 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 50,000 | 54,359 |
American Financial Group, Inc. | ||
3.50%, 08/15/26 (a) | 100,000 | 106,753 |
American International Group, Inc. | ||
3.75%, 07/10/25 (a) | 170,000 | 188,382 |
4.20%, 04/01/28 (a) | 50,000 | 56,656 |
4.25%, 03/15/29 (a) | 100,000 | 115,313 |
3.40%, 06/30/30 (a) | 50,000 | 54,191 |
5.75%, 04/01/48 (a)(b) | 50,000 | 51,492 |
Anthem, Inc. | ||
3.65%, 12/01/27 (a) | 81,000 | 92,444 |
4.10%, 03/01/28 (a) | 50,000 | 58,638 |
2.88%, 09/15/29 (a) | 60,000 | 65,267 |
2.25%, 05/15/30 (a) | 150,000 | 154,447 |
Aon Corp. | ||
3.75%, 05/02/29 (a) | 100,000 | 114,617 |
2.80%, 05/15/30 (a) | 100,000 | 107,145 |
Aon PLC | ||
3.88%, 12/15/25 (a) | 75,000 | 85,366 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 50,000 | 56,627 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 60,000 | 65,570 |
Athene Holding Ltd. | ||
6.15%, 04/03/30 (a) | 100,000 | 115,318 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 50,000 | 54,143 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 100,000 | 106,947 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Berkshire Hathaway Finance Corp. | ||
1.85%, 03/12/30 (a) | 150,000 | 154,929 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 125,000 | 127,574 |
5.63%, 05/15/30 (a) | 50,000 | 55,802 |
Brown & Brown, Inc. | ||
4.50%, 03/15/29 (a) | 35,000 | 37,884 |
Chubb INA Holdings, Inc. | ||
3.35%, 05/03/26 (a) | 150,000 | 170,829 |
CNA Financial Corp. | ||
4.50%, 03/01/26 (a) | 25,000 | 28,332 |
3.90%, 05/01/29 (a) | 50,000 | 54,958 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 75,000 | 81,321 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 50,000 | 52,808 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 150,000 | 169,097 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 50,000 | 53,912 |
4.63%, 04/29/30 (a)(c) | 50,000 | 53,975 |
Fidelity National Financial, Inc. | ||
3.40%, 06/15/30 (a) | 50,000 | 52,323 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 50,000 | 58,008 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 100,000 | 106,241 |
Humana, Inc. | ||
3.95%, 03/15/27 (a) | 50,000 | 56,862 |
4.88%, 04/01/30 (a) | 50,000 | 61,880 |
Lincoln National Corp. | ||
3.80%, 03/01/28 (a) | 25,000 | 27,742 |
3.05%, 01/15/30 (a) | 100,000 | 106,049 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 50,000 | 54,541 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 95,000 | 112,273 |
2.48%, 05/19/27 (a) | 50,000 | 52,589 |
4.06%, 02/24/32 (a)(b) | 50,000 | 53,018 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 75,000 | 80,520 |
Marsh & McLennan Cos., Inc. | ||
3.75%, 03/14/26 (a) | 100,000 | 113,675 |
4.38%, 03/15/29 (a) | 100,000 | 120,424 |
2.25%, 11/15/30 (a) | 35,000 | 36,469 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 25,000 | 26,538 |
MetLife, Inc. | ||
3.60%, 11/13/25 (a) | 100,000 | 113,823 |
4.55%, 03/23/30 (a) | 50,000 | 62,447 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 50,000 | 53,524 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 45,000 | 49,424 |
Principal Financial Group, Inc. | ||
3.70%, 05/15/29 (a) | 65,000 | 74,367 |
Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 107,009 |
3.20%, 03/26/30 (a) | 50,000 | 56,867 |
Prudential Financial, Inc. | ||
3.88%, 03/27/28 (a) | 125,000 | 143,234 |
2.10%, 03/10/30 (a) | 50,000 | 51,090 |
4.50%, 09/15/47 (a)(b) | 100,000 | 102,597 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Prudential PLC | ||
3.13%, 04/14/30 | 100,000 | 107,545 |
Reinsurance Group of America, Inc. | ||
3.95%, 09/15/26 (a) | 30,000 | 33,328 |
3.90%, 05/15/29 (a) | 50,000 | 54,396 |
3.15%, 06/15/30 (a) | 50,000 | 51,946 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 50,000 | 54,853 |
UnitedHealth Group, Inc. | ||
3.75%, 07/15/25 | 180,000 | 205,549 |
3.10%, 03/15/26 | 200,000 | 223,276 |
3.38%, 04/15/27 | 50,000 | 57,193 |
2.95%, 10/15/27 | 100,000 | 111,805 |
3.85%, 06/15/28 | 25,000 | 29,671 |
3.88%, 12/15/28 | 50,000 | 59,779 |
2.88%, 08/15/29 | 175,000 | 195,850 |
2.00%, 05/15/30 (a) | 100,000 | 104,879 |
Unum Group | ||
4.00%, 06/15/29 (a) | 50,000 | 51,875 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 50,000 | 55,542 |
4.70%, 01/23/48 (a)(b) | 25,000 | 23,683 |
Willis North America, Inc. | ||
4.50%, 09/15/28 (a) | 50,000 | 58,494 |
2.95%, 09/15/29 (a) | 100,000 | 106,249 |
6,430,393 | ||
REITs 4.4% | ||
Alexandria Real Estate Equities, Inc. | ||
4.30%, 01/15/26 (a) | 50,000 | 57,626 |
3.80%, 04/15/26 (a) | 50,000 | 56,373 |
3.95%, 01/15/28 (a) | 50,000 | 56,915 |
American Campus Communities Operating Partnership LP | ||
3.30%, 07/15/26 (a) | 75,000 | 76,785 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 50,000 | 53,912 |
4.90%, 02/15/29 (a) | 30,000 | 33,811 |
AvalonBay Communities, Inc. | ||
2.95%, 05/11/26 (a) | 35,000 | 37,911 |
2.90%, 10/15/26 (a) | 100,000 | 108,503 |
3.35%, 05/15/27 (a) | 30,000 | 33,426 |
2.30%, 03/01/30 (a) | 50,000 | 52,737 |
Boston Properties LP | ||
3.65%, 02/01/26 (a) | 225,000 | 249,952 |
4.50%, 12/01/28 (a) | 100,000 | 119,980 |
2.90%, 03/15/30 (a) | 35,000 | 36,683 |
Brandywine Operating Partnership LP | ||
3.95%, 11/15/27 (a) | 50,000 | 51,304 |
Brixmor Operating Partnership LP | ||
3.90%, 03/15/27 (a) | 50,000 | 51,420 |
4.13%, 05/15/29 (a) | 50,000 | 51,940 |
4.05%, 07/01/30 (a) | 50,000 | 51,200 |
Camden Property Trust | ||
3.15%, 07/01/29 (a) | 75,000 | 83,427 |
2.80%, 05/15/30 (a) | 100,000 | 108,434 |
Columbia Property Trust Operating Partnership LP | ||
3.65%, 08/15/26 (a) | 35,000 | 36,646 |
CubeSmart LP | ||
3.13%, 09/01/26 (a) | 100,000 | 106,832 |
CyrusOne LP/CyrusOne Finance Corp. | ||
3.45%, 11/15/29 (a) | 50,000 | 52,071 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Digital Realty Trust LP | ||
4.75%, 10/01/25 (a) | 40,000 | 46,896 |
4.45%, 07/15/28 (a) | 100,000 | 119,740 |
3.60%, 07/01/29 (a) | 100,000 | 114,479 |
Duke Realty LP | ||
4.00%, 09/15/28 (a) | 50,000 | 58,679 |
2.88%, 11/15/29 (a) | 50,000 | 54,561 |
EPR Properties | ||
4.50%, 06/01/27 (a) | 50,000 | 46,377 |
4.95%, 04/15/28 (a) | 100,000 | 97,261 |
ERP Operating LP | ||
2.85%, 11/01/26 (a) | 75,000 | 82,070 |
4.15%, 12/01/28 (a) | 100,000 | 118,490 |
3.00%, 07/01/29 (a) | 70,000 | 77,389 |
Essex Portfolio LP | ||
3.38%, 04/15/26 (a) | 70,000 | 76,339 |
4.00%, 03/01/29 (a) | 100,000 | 116,366 |
Federal Realty Investment Trust | ||
3.25%, 07/15/27 (a) | 100,000 | 105,406 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 35,000 | 37,997 |
3.10%, 02/15/30 (a) | 50,000 | 50,460 |
Healthpeak Properties, Inc. | ||
3.25%, 07/15/26 (a) | 93,000 | 101,682 |
3.50%, 07/15/29 (a) | 50,000 | 54,628 |
3.00%, 01/15/30 (a) | 50,000 | 52,447 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 100,000 | 108,457 |
Host Hotels & Resorts LP | ||
3.38%, 12/15/29 (a) | 100,000 | 95,695 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 20,000 | 20,838 |
4.65%, 04/01/29 (a) | 100,000 | 108,228 |
Kilroy Realty LP | ||
4.25%, 08/15/29 (a) | 120,000 | 131,234 |
3.05%, 02/15/30 (a) | 75,000 | 75,146 |
Kimco Realty Corp. | ||
2.80%, 10/01/26 (a) | 75,000 | 76,841 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 70,000 | 76,316 |
4.00%, 06/15/29 (a) | 80,000 | 87,908 |
Mid-America Apartments LP | ||
4.00%, 11/15/25 (a) | 20,000 | 22,482 |
4.20%, 06/15/28 (a) | 100,000 | 115,804 |
3.95%, 03/15/29 (a) | 40,000 | 46,105 |
National Retail Properties, Inc. | ||
3.60%, 12/15/26 (a) | 100,000 | 106,223 |
4.30%, 10/15/28 (a) | 50,000 | 54,591 |
Omega Healthcare Investors, Inc. | ||
5.25%, 01/15/26 (a) | 100,000 | 107,851 |
3.63%, 10/01/29 (a) | 100,000 | 98,925 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 50,000 | 52,419 |
Prologis LP | ||
3.75%, 11/01/25 (a) | 100,000 | 114,953 |
3.25%, 10/01/26 (a) | 29,000 | 32,522 |
2.13%, 04/15/27 (a) | 50,000 | 52,777 |
2.25%, 04/15/30 (a) | 100,000 | 105,363 |
Public Storage | ||
3.09%, 09/15/27 (a) | 100,000 | 112,438 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Realty Income Corp. | ||
4.13%, 10/15/26 (a) | 50,000 | 57,261 |
3.65%, 01/15/28 (a) | 75,000 | 82,528 |
3.25%, 01/15/31 (a) | 50,000 | 54,476 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 50,000 | 53,193 |
2.95%, 09/15/29 (a) | 50,000 | 50,926 |
Sabra Health Care LP | ||
3.90%, 10/15/29 (a) | 40,000 | 36,814 |
Simon Property Group LP | ||
3.50%, 09/01/25 (a) | 30,000 | 32,465 |
3.30%, 01/15/26 (a) | 50,000 | 53,613 |
3.38%, 06/15/27 (a) | 100,000 | 106,983 |
3.38%, 12/01/27 (a) | 100,000 | 106,897 |
2.45%, 09/13/29 (a) | 150,000 | 147,861 |
SITE Centers Corp. | ||
4.70%, 06/01/27 (a) | 26,000 | 26,774 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 34,000 | 35,293 |
3.20%, 01/15/27 (a) | 75,000 | 71,990 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 70,000 | 71,114 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 50,000 | 46,436 |
UDR, Inc. | ||
3.50%, 01/15/28 (a) | 50,000 | 54,951 |
4.40%, 01/26/29 (a) | 100,000 | 117,106 |
Ventas Realty LP | ||
3.25%, 10/15/26 (a) | 25,000 | 25,716 |
3.85%, 04/01/27 (a) | 45,000 | 47,775 |
4.00%, 03/01/28 (a) | 21,000 | 22,321 |
4.40%, 01/15/29 (a) | 100,000 | 109,857 |
3.00%, 01/15/30 (a) | 45,000 | 44,731 |
VEREIT Operating Partnership LP | ||
4.63%, 11/01/25 (a) | 50,000 | 54,087 |
4.88%, 06/01/26 (a) | 50,000 | 55,301 |
3.95%, 08/15/27 (a) | 75,000 | 78,102 |
3.40%, 01/15/28 (a) | 50,000 | 50,418 |
3.10%, 12/15/29 (a) | 20,000 | 19,351 |
Welltower, Inc. | ||
4.25%, 04/01/26 (a) | 135,000 | 151,764 |
4.13%, 03/15/29 (a) | 100,000 | 111,121 |
WP Carey, Inc. | ||
3.85%, 07/15/29 (a) | 30,000 | 31,244 |
6,790,740 | ||
53,396,319 | ||
Industrial 57.8% | ||
Basic Industry 2.6% | ||
Air Products and Chemicals, Inc. | ||
1.50%, 10/15/25 (a) | 50,000 | 51,713 |
2.05%, 05/15/30 (a) | 50,000 | 52,532 |
Albemarle Wodgina Pty Ltd. | ||
3.45%, 11/15/29 (a)(c) | 50,000 | 48,338 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 50,000 | 51,994 |
Dow Chemical Co. | ||
4.55%, 11/30/25 (a) | 75,000 | 85,717 |
3.63%, 05/15/26 (a) | 25,000 | 27,533 |
4.80%, 11/30/28 (a) | 90,000 | 107,729 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 175,000 | 201,041 |
4.73%, 11/15/28 (a) | 170,000 | 204,753 |
Eastman Chemical Co. | ||
4.50%, 12/01/28 (a) | 25,000 | 28,741 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 75,000 | 83,465 |
3.25%, 12/01/27 (a) | 25,000 | 28,320 |
4.80%, 03/24/30 (a) | 50,000 | 63,420 |
Fibria Overseas Finance Ltd. | ||
5.50%, 01/17/27 | 75,000 | 81,115 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 50,000 | 54,283 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 75,000 | 79,041 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 50,000 | 56,615 |
International Paper Co. | ||
3.00%, 02/15/27 (a) | 100,000 | 107,989 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 50,000 | 54,733 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 75,000 | 81,907 |
LYB International Finance III LLC | ||
3.38%, 05/01/30 (a) | 50,000 | 53,577 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 50,000 | 53,151 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 75,000 | 79,315 |
Nucor Corp. | ||
3.95%, 05/01/28 (a) | 100,000 | 114,840 |
Nutrien Ltd. | ||
4.00%, 12/15/26 (a) | 75,000 | 84,639 |
4.20%, 04/01/29 (a) | 50,000 | 57,898 |
Packaging Corp. of America | ||
3.00%, 12/15/29 (a) | 85,000 | 92,173 |
PPG Industries, Inc. | ||
3.75%, 03/15/28 (a) | 25,000 | 29,116 |
2.80%, 08/15/29 (a) | 75,000 | 79,774 |
Praxair, Inc. | ||
3.20%, 01/30/26 (a) | 50,000 | 55,850 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 50,000 | 70,604 |
Rohm and Haas Co. | ||
7.85%, 07/15/29 | 100,000 | 142,158 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 50,000 | 53,160 |
4.55%, 03/01/29 (a) | 50,000 | 56,289 |
Sherwin-Williams Co. | ||
3.45%, 08/01/25 (a) | 125,000 | 138,261 |
3.45%, 06/01/27 (a) | 25,000 | 28,021 |
2.95%, 08/15/29 (a) | 135,000 | 145,601 |
Steel Dynamics, Inc. | ||
4.13%, 09/15/25 (a) | 25,000 | 25,506 |
5.00%, 12/15/26 (a) | 70,000 | 74,134 |
3.45%, 04/15/30 (a) | 75,000 | 79,167 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 200,000 | 216,871 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 50,000 | 50,047 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 100,000 | 117,935 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 75,000 | 79,182 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 20,000 | 28,107 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 25,000 | 31,709 |
4.00%, 11/15/29 (a) | 125,000 | 141,192 |
WRKCo, Inc. | ||
4.65%, 03/15/26 (a) | 75,000 | 87,106 |
3.38%, 09/15/27 (a) | 75,000 | 80,626 |
4.00%, 03/15/28 (a) | 75,000 | 83,488 |
3.90%, 06/01/28 (a) | 25,000 | 27,708 |
4.90%, 03/15/29 (a) | 50,000 | 59,709 |
4,067,893 | ||
Capital Goods 5.7% | ||
3M Co. | ||
3.00%, 08/07/25 | 50,000 | 55,629 |
2.25%, 09/19/26 (a) | 100,000 | 108,049 |
3.38%, 03/01/29 (a) | 100,000 | 115,385 |
2.38%, 08/26/29 (a) | 100,000 | 108,123 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 60,000 | 70,791 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 50,000 | 53,204 |
Amcor Finance USA, Inc. | ||
4.50%, 05/15/28 (a) | 65,000 | 75,010 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 45,000 | 54,186 |
2.65%, 04/30/30 (a) | 100,000 | 102,519 |
Boeing Co. | ||
2.60%, 10/30/25 (a) | 25,000 | 24,936 |
3.10%, 05/01/26 (a) | 50,000 | 51,101 |
2.25%, 06/15/26 (a) | 50,000 | 49,010 |
2.70%, 02/01/27 (a) | 20,000 | 19,527 |
2.80%, 03/01/27 (a) | 75,000 | 72,493 |
5.04%, 05/01/27 (a) | 150,000 | 165,587 |
3.25%, 03/01/28 (a) | 40,000 | 39,773 |
3.45%, 11/01/28 (a) | 50,000 | 50,435 |
3.20%, 03/01/29 (a) | 70,000 | 69,483 |
2.95%, 02/01/30 (a) | 50,000 | 49,103 |
5.15%, 05/01/30 (a) | 300,000 | 334,621 |
Carlisle Cos., Inc. | ||
2.75%, 03/01/30 (a) | 100,000 | 103,137 |
Carrier Global Corp. | ||
2.49%, 02/15/27 (a)(c) | 75,000 | 76,442 |
2.72%, 02/15/30 (a)(c) | 150,000 | 150,735 |
Caterpillar, Inc. | ||
2.60%, 09/19/29 (a) | 180,000 | 195,957 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 40,000 | 42,298 |
Deere & Co. | ||
5.38%, 10/16/29 | 50,000 | 65,282 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 50,000 | 54,901 |
Eagle Materials, Inc. | ||
4.50%, 08/01/26 (a) | 25,000 | 25,795 |
Emerson Electric Co. | ||
1.80%, 10/15/27 (a) | 100,000 | 103,403 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 95,000 | 104,360 |
Fortune Brands Home & Security, Inc. | ||
3.25%, 09/15/29 (a) | 25,000 | 26,711 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
General Dynamics Corp. | ||
3.50%, 04/01/27 (a) | 100,000 | 114,385 |
3.63%, 04/01/30 (a) | 175,000 | 205,012 |
General Electric Co. | ||
5.55%, 01/05/26 | 50,000 | 58,089 |
3.45%, 05/01/27 (a) | 150,000 | 153,646 |
3.63%, 05/01/30 (a) | 150,000 | 150,250 |
Hexcel Corp. | ||
3.95%, 02/15/27 (a) | 50,000 | 53,412 |
Honeywell International, Inc. | ||
2.50%, 11/01/26 (a) | 110,000 | 121,340 |
2.70%, 08/15/29 (a) | 75,000 | 83,025 |
Hubbell, Inc. | ||
3.50%, 02/15/28 (a) | 50,000 | 53,547 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 50,000 | 53,979 |
4.20%, 05/01/30 (a)(c) | 100,000 | 111,822 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 50,000 | 52,628 |
Illinois Tool Works, Inc. | ||
2.65%, 11/15/26 (a) | 125,000 | 138,048 |
John Deere Capital Corp. | ||
2.65%, 06/10/26 | 150,000 | 165,836 |
2.25%, 09/14/26 | 50,000 | 53,988 |
2.80%, 09/08/27 | 35,000 | 39,173 |
3.05%, 01/06/28 | 50,000 | 55,740 |
3.45%, 03/07/29 | 20,000 | 23,262 |
2.80%, 07/18/29 | 65,000 | 72,208 |
2.45%, 01/09/30 | 40,000 | 43,422 |
Johnson Controls International plc | ||
3.90%, 02/14/26 (a) | 50,000 | 56,035 |
L3Harris Technologies, Inc. | ||
3.85%, 12/15/26 (a) | 100,000 | 115,132 |
4.40%, 06/15/28 (a) | 25,000 | 29,761 |
4.40%, 06/15/28 (a) | 100,000 | 119,029 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 50,000 | 51,127 |
4.40%, 03/15/29 (a) | 50,000 | 53,556 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 135,000 | 154,949 |
Martin Marietta Materials, Inc. | ||
3.50%, 12/15/27 (a) | 72,000 | 79,665 |
Masco Corp. | ||
4.38%, 04/01/26 (a) | 25,000 | 28,492 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 40,000 | 43,979 |
Northrop Grumman Corp. | ||
3.20%, 02/01/27 (a) | 50,000 | 55,358 |
3.25%, 01/15/28 (a) | 165,000 | 184,209 |
4.40%, 05/01/30 (a) | 50,000 | 60,746 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 40,000 | 42,097 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 50,000 | 50,425 |
Otis Worldwide Corp. | ||
2.29%, 04/05/27 (a)(c) | 50,000 | 52,321 |
2.57%, 02/15/30 (a)(c) | 120,000 | 126,253 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 100,000 | 104,833 |
Parker-Hannifin Corp. | ||
3.25%, 03/01/27 (a) | 60,000 | 65,307 |
3.25%, 06/14/29 (a) | 75,000 | 82,910 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 50,000 | 55,262 |
Raytheon Technologies Corp. | ||
3.95%, 08/16/25 (a) | 150,000 | 171,118 |
3.50%, 03/15/27 (a)(c) | 100,000 | 112,718 |
3.13%, 05/04/27 (a) | 125,000 | 139,280 |
6.70%, 08/01/28 | 20,000 | 27,291 |
4.13%, 11/16/28 (a) | 375,000 | 442,132 |
Republic Services, Inc. | ||
2.90%, 07/01/26 (a) | 50,000 | 54,770 |
3.38%, 11/15/27 (a) | 15,000 | 16,937 |
3.95%, 05/15/28 (a) | 75,000 | 88,140 |
2.30%, 03/01/30 (a) | 75,000 | 78,364 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 50,000 | 56,518 |
Roper Technologies, Inc. | ||
3.80%, 12/15/26 (a) | 100,000 | 114,380 |
4.20%, 09/15/28 (a) | 50,000 | 58,635 |
2.95%, 09/15/29 (a) | 75,000 | 81,929 |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 25,000 | 27,218 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 25,000 | 28,187 |
4.25%, 11/15/28 (a) | 50,000 | 59,853 |
2.30%, 03/15/30 (a) | 100,000 | 104,456 |
Textron, Inc. | ||
4.00%, 03/15/26 (a) | 50,000 | 53,120 |
3.65%, 03/15/27 (a) | 50,000 | 52,191 |
3.90%, 09/17/29 (a) | 75,000 | 79,603 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 75,000 | 80,934 |
Trane Technologies Luxembourg Finance S.A. | ||
3.50%, 03/21/26 (a) | 50,000 | 54,743 |
3.80%, 03/21/29 (a) | 90,000 | 102,124 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 50,000 | 55,116 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 25,000 | 29,758 |
3.50%, 05/01/29 (a) | 50,000 | 56,574 |
2.60%, 02/01/30 (a) | 50,000 | 53,468 |
Waste Management, Inc. | ||
3.20%, 06/15/26 (a) | 100,000 | 102,492 |
3.15%, 11/15/27 (a) | 155,000 | 174,091 |
Westinghouse Air Brake Technologies Corp. | ||
3.45%, 11/15/26 (a) | 85,000 | 88,014 |
4.95%, 09/15/28 (a)(e)(f) | 75,000 | 83,664 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 50,000 | 54,764 |
8,814,826 | ||
Communications 7.7% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 75,000 | 85,667 |
America Movil S.A.B. de C.V. | ||
2.88%, 05/07/30 (a) | 200,000 | 211,495 |
American Tower Corp. | ||
4.40%, 02/15/26 (a) | 20,000 | 23,041 |
3.38%, 10/15/26 (a) | 125,000 | 138,737 |
3.13%, 01/15/27 (a) | 75,000 | 81,763 |
3.55%, 07/15/27 (a) | 50,000 | 55,549 |
3.60%, 01/15/28 (a) | 100,000 | 111,228 |
3.95%, 03/15/29 (a) | 50,000 | 57,096 |
3.80%, 08/15/29 (a) | 125,000 | 141,864 |
2.90%, 01/15/30 (a) | 35,000 | 37,360 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
AT&T, Inc. | ||
3.60%, 07/15/25 (a) | 100,000 | 111,059 |
3.88%, 01/15/26 (a) | 250,000 | 281,531 |
4.13%, 02/17/26 (a) | 460,000 | 523,928 |
2.95%, 07/15/26 (a) | 190,000 | 206,777 |
3.80%, 02/15/27 (a) | 95,000 | 106,857 |
4.25%, 03/01/27 (a) | 100,000 | 114,570 |
4.10%, 02/15/28 (a) | 75,000 | 85,832 |
4.35%, 03/01/29 (a) | 225,000 | 262,359 |
4.30%, 02/15/30 (a) | 75,000 | 88,010 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.91%, 07/23/25 (a) | 328,000 | 376,275 |
3.75%, 02/15/28 (a) | 95,000 | 103,707 |
4.20%, 03/15/28 (a) | 25,000 | 28,024 |
5.05%, 03/30/29 (a) | 125,000 | 147,826 |
Comcast Corp. | ||
3.38%, 08/15/25 (a) | 150,000 | 167,125 |
3.95%, 10/15/25 (a) | 225,000 | 257,842 |
3.15%, 03/01/26 (a) | 175,000 | 194,785 |
2.35%, 01/15/27 (a) | 50,000 | 53,478 |
3.30%, 02/01/27 (a) | 175,000 | 197,195 |
3.15%, 02/15/28 (a) | 125,000 | 139,421 |
3.55%, 05/01/28 (a) | 100,000 | 114,589 |
4.15%, 10/15/28 (a) | 342,000 | 410,492 |
2.65%, 02/01/30 (a) | 175,000 | 190,534 |
3.40%, 04/01/30 (a) | 50,000 | 57,282 |
Crown Castle International Corp. | ||
4.45%, 02/15/26 (a) | 100,000 | 115,072 |
3.65%, 09/01/27 (a) | 100,000 | 111,525 |
3.80%, 02/15/28 (a) | 25,000 | 28,229 |
4.30%, 02/15/29 (a) | 125,000 | 145,111 |
3.10%, 11/15/29 (a) | 50,000 | 53,913 |
Discovery Communications LLC | ||
4.90%, 03/11/26 (a) | 100,000 | 115,201 |
3.95%, 03/20/28 (a) | 50,000 | 55,886 |
4.13%, 05/15/29 (a) | 150,000 | 170,950 |
3.63%, 05/15/30 (a) | 50,000 | 54,748 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 50,000 | 59,740 |
Fox Corp. | ||
4.71%, 01/25/29 (a) | 125,000 | 150,362 |
3.50%, 04/08/30 (a) | 100,000 | 111,688 |
Interpublic Group of Cos., Inc. | ||
4.75%, 03/30/30 (a) | 100,000 | 117,801 |
Moody's Corp. | ||
3.25%, 01/15/28 (a) | 75,000 | 83,058 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 50,000 | 50,979 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.60%, 04/15/26 (a) | 125,000 | 139,810 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 85,000 | 98,900 |
Rogers Communications, Inc. | ||
3.63%, 12/15/25 (a) | 125,000 | 141,769 |
S&P Global, Inc. | ||
4.40%, 02/15/26 (a) | 100,000 | 118,352 |
2.95%, 01/22/27 (a) | 50,000 | 55,174 |
T-Mobile USA, Inc. | ||
3.75%, 04/15/27 (a)(c) | 300,000 | 332,941 |
3.88%, 04/15/30 (a)(c) | 550,000 | 612,994 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 50,000 | 68,027 |
7.13%, 02/15/28 | 50,000 | 69,402 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 150,000 | 171,982 |
TELUS Corp. | ||
3.70%, 09/15/27 (a) | 75,000 | 83,462 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 50,000 | 54,442 |
TWDC Enterprises 18 Corp. | ||
3.00%, 02/13/26 | 150,000 | 166,799 |
Verizon Communications, Inc. | ||
2.63%, 08/15/26 | 200,000 | 217,807 |
4.13%, 03/16/27 | 325,000 | 382,574 |
3.00%, 03/22/27 (a) | 150,000 | 166,481 |
4.33%, 09/21/28 | 135,000 | 163,112 |
3.88%, 02/08/29 (a) | 175,000 | 206,482 |
4.02%, 12/03/29 (a) | 300,000 | 359,133 |
3.15%, 03/22/30 (a) | 125,000 | 140,942 |
ViacomCBS, Inc. | ||
2.90%, 01/15/27 (a) | 150,000 | 157,551 |
3.38%, 02/15/28 (a) | 50,000 | 53,349 |
3.70%, 06/01/28 (a) | 50,000 | 54,481 |
Vodafone Group PLC | ||
4.38%, 05/30/28 | 215,000 | 255,969 |
7.88%, 02/15/30 | 50,000 | 72,766 |
Walt Disney Co. | ||
1.75%, 01/13/26 | 300,000 | 308,934 |
3.38%, 11/15/26 (a) | 150,000 | 169,464 |
3.70%, 03/23/27 | 100,000 | 115,032 |
2.00%, 09/01/29 (a) | 250,000 | 255,656 |
11,781,348 | ||
Consumer Cyclical 7.7% | ||
Advance Auto Parts, Inc. | ||
3.90%, 04/15/30 (a)(c) | 75,000 | 80,327 |
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 200,000 | 221,476 |
Amazon.com, Inc. | ||
5.20%, 12/03/25 (a) | 175,000 | 214,434 |
American Honda Finance Corp. | ||
2.35%, 01/08/27 | 29,000 | 30,702 |
3.50%, 02/15/28 | 41,000 | 46,936 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 75,000 | 81,592 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 75,000 | 84,387 |
AutoNation, Inc. | ||
4.50%, 10/01/25 (a) | 25,000 | 27,020 |
3.80%, 11/15/27 (a) | 50,000 | 51,879 |
AutoZone, Inc. | ||
3.13%, 04/21/26 (a) | 50,000 | 54,654 |
3.75%, 06/01/27 (a) | 25,000 | 28,065 |
3.75%, 04/18/29 (a) | 75,000 | 85,067 |
4.00%, 04/15/30 (a) | 50,000 | 58,154 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 50,000 | 58,067 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 25,000 | 27,185 |
Booking Holdings, Inc. | ||
3.60%, 06/01/26 (a) | 125,000 | 137,727 |
3.55%, 03/15/28 (a) | 25,000 | 27,473 |
4.63%, 04/13/30 (a) | 150,000 | 177,028 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 30,000 | 30,037 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Costco Wholesale Corp. | ||
3.00%, 05/18/27 (a) | 75,000 | 84,583 |
1.38%, 06/20/27 (a) | 50,000 | 51,248 |
1.60%, 04/20/30 (a) | 200,000 | 202,964 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 50,000 | 51,526 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 100,000 | 115,585 |
3.88%, 04/15/27 (a) | 50,000 | 57,514 |
4.13%, 05/01/28 (a) | 50,000 | 58,986 |
Dollar Tree, Inc. | ||
4.20%, 05/15/28 (a) | 75,000 | 87,250 |
DR Horton, Inc. | ||
2.60%, 10/15/25 (a) | 50,000 | 52,650 |
eBay, Inc. | ||
2.70%, 03/11/30 (a) | 100,000 | 106,020 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 25,000 | 25,838 |
3.80%, 02/15/28 (a) | 75,000 | 72,409 |
3.25%, 02/15/30 (a) | 125,000 | 116,742 |
General Motors Co. | ||
6.13%, 10/01/25 (a) | 250,000 | 281,334 |
4.20%, 10/01/27 (a) | 125,000 | 127,863 |
5.00%, 10/01/28 (a) | 30,000 | 32,246 |
General Motors Financial Co., Inc. | ||
4.30%, 07/13/25 (a) | 100,000 | 104,751 |
5.25%, 03/01/26 (a) | 200,000 | 218,304 |
4.00%, 10/06/26 (a) | 50,000 | 51,858 |
4.35%, 01/17/27 (a) | 50,000 | 52,062 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.75%, 06/01/28 (a) | 80,000 | 88,840 |
5.30%, 01/15/29 (a) | 134,000 | 145,284 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 50,000 | 53,014 |
Home Depot, Inc. | ||
3.35%, 09/15/25 (a) | 130,000 | 146,767 |
3.00%, 04/01/26 (a) | 175,000 | 196,186 |
2.50%, 04/15/27 (a) | 50,000 | 54,801 |
2.80%, 09/14/27 (a) | 155,000 | 173,375 |
3.90%, 12/06/28 (a) | 50,000 | 60,017 |
2.95%, 06/15/29 (a) | 94,000 | 105,684 |
2.70%, 04/15/30 (a) | 50,000 | 55,053 |
Hyatt Hotels Corp. | ||
4.85%, 03/15/26 (a) | 50,000 | 52,851 |
4.38%, 09/15/28 (a) | 10,000 | 10,209 |
IHS Markit Ltd. | ||
4.75%, 08/01/28 (a) | 125,000 | 146,752 |
4.25%, 05/01/29 (a) | 25,000 | 28,751 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 220,365 |
Kohl's Corp. | ||
4.25%, 07/17/25 (a) | 100,000 | 97,704 |
Las Vegas Sands Corp. | ||
3.50%, 08/18/26 (a) | 150,000 | 149,818 |
3.90%, 08/08/29 (a) | 25,000 | 24,704 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 60,000 | 60,939 |
4.25%, 05/15/29 (a) | 25,000 | 26,000 |
3.50%, 05/30/30 (a) | 50,000 | 49,371 |
Lowe's Cos., Inc. | ||
3.38%, 09/15/25 (a) | 45,000 | 50,462 |
2.50%, 04/15/26 (a) | 175,000 | 189,539 |
3.10%, 05/03/27 (a) | 75,000 | 83,497 |
6.50%, 03/15/29 | 22,000 | 29,566 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.65%, 04/05/29 (a) | 100,000 | 114,779 |
4.50%, 04/15/30 (a) | 100,000 | 122,740 |
Magna International, Inc. | ||
2.45%, 06/15/30 (a) | 50,000 | 51,209 |
Marriott International, Inc. | ||
4.00%, 04/15/28 (a) | 50,000 | 49,965 |
4.65%, 12/01/28 (a) | 100,000 | 103,340 |
4.63%, 06/15/30 (a) | 150,000 | 155,969 |
Mastercard, Inc. | ||
2.95%, 11/21/26 (a) | 25,000 | 28,110 |
3.30%, 03/26/27 (a) | 100,000 | 113,571 |
3.50%, 02/26/28 (a) | 50,000 | 57,709 |
2.95%, 06/01/29 (a) | 125,000 | 140,508 |
3.35%, 03/26/30 (a) | 50,000 | 57,997 |
McDonald's Corp. | ||
3.30%, 07/01/25 (a) | 150,000 | 166,912 |
3.70%, 01/30/26 (a) | 200,000 | 227,343 |
3.50%, 03/01/27 (a) | 125,000 | 141,489 |
3.80%, 04/01/28 (a) | 100,000 | 117,094 |
2.13%, 03/01/30 (a) | 100,000 | 102,805 |
NIKE, Inc. | ||
2.38%, 11/01/26 (a) | 75,000 | 82,255 |
2.75%, 03/27/27 (a) | 100,000 | 110,117 |
2.85%, 03/27/30 (a) | 150,000 | 167,227 |
Nordstrom, Inc. | ||
4.00%, 03/15/27 (a) | 20,000 | 16,749 |
6.95%, 03/15/28 | 25,000 | 24,418 |
4.38%, 04/01/30 (a) | 25,000 | 19,694 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 50,000 | 52,340 |
O'Reilly Automotive, Inc. | ||
4.35%, 06/01/28 (a) | 100,000 | 117,448 |
3.90%, 06/01/29 (a) | 50,000 | 57,563 |
4.20%, 04/01/30 (a) | 25,000 | 29,595 |
Philip Morris International, Inc. | ||
2.10%, 05/01/30 (a) | 50,000 | 51,649 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 50,000 | 55,698 |
Ross Stores, Inc. | ||
4.70%, 04/15/27 (a) | 25,000 | 29,057 |
4.80%, 04/15/30 (a) | 25,000 | 29,984 |
Sands China Ltd. | ||
5.40%, 08/08/28 (a) | 200,000 | 221,646 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 50,000 | 56,497 |
2.45%, 06/15/26 (a) | 75,000 | 80,199 |
3.50%, 03/01/28 (a) | 75,000 | 84,912 |
4.00%, 11/15/28 (a) | 11,000 | 12,949 |
3.55%, 08/15/29 (a) | 100,000 | 114,163 |
2.25%, 03/12/30 (a) | 75,000 | 78,104 |
2.55%, 11/15/30 (a) | 30,000 | 31,549 |
Tapestry, Inc. | ||
4.13%, 07/15/27 (a) | 20,000 | 18,809 |
Target Corp. | ||
2.50%, 04/15/26 | 115,000 | 126,345 |
3.38%, 04/15/29 (a) | 100,000 | 115,583 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 60,000 | 64,060 |
3.88%, 04/15/30 (a) | 150,000 | 176,608 |
Toyota Motor Corp. | ||
2.76%, 07/02/29 | 100,000 | 110,766 |
Toyota Motor Credit Corp. | ||
3.20%, 01/11/27 | 50,000 | 55,729 |
3.05%, 01/11/28 | 100,000 | 111,491 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.65%, 01/08/29 | 25,000 | 29,213 |
2.15%, 02/13/30 | 175,000 | 184,312 |
VF Corp. | ||
2.80%, 04/23/27 (a) | 50,000 | 53,086 |
2.95%, 04/23/30 (a) | 50,000 | 53,382 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 185,000 | 206,595 |
1.90%, 04/15/27 (a) | 100,000 | 104,721 |
2.75%, 09/15/27 (a) | 200,000 | 221,278 |
2.05%, 04/15/30 (a) | 150,000 | 157,570 |
Walgreens Boots Alliance, Inc. | ||
3.45%, 06/01/26 (a) | 200,000 | 216,863 |
3.20%, 04/15/30 (a) | 75,000 | 77,682 |
Walmart, Inc. | ||
3.55%, 06/26/25 (a) | 200,000 | 226,948 |
5.88%, 04/05/27 | 50,000 | 64,593 |
3.70%, 06/26/28 (a) | 200,000 | 236,692 |
2.38%, 09/24/29 (a) | 50,000 | 54,576 |
7.55%, 02/15/30 | 75,000 | 115,736 |
11,831,483 | ||
Consumer Non-Cyclical 15.0% | ||
Abbott Laboratories | ||
3.88%, 09/15/25 (a) | 100,000 | 114,943 |
3.75%, 11/30/26 (a) | 50,000 | 58,230 |
AbbVie, Inc. | ||
3.20%, 05/14/26 (a) | 175,000 | 192,564 |
2.95%, 11/21/26 (a)(c) | 275,000 | 299,324 |
4.25%, 11/14/28 (a) | 100,000 | 118,171 |
3.20%, 11/21/29 (a)(c) | 475,000 | 522,075 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 30,000 | 34,109 |
Agilent Technologies, Inc. | ||
3.05%, 09/22/26 (a) | 25,000 | 27,367 |
2.75%, 09/15/29 (a) | 50,000 | 54,438 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 25,000 | 34,774 |
Altria Group, Inc. | ||
4.40%, 02/14/26 (a) | 100,000 | 115,137 |
2.63%, 09/16/26 (a) | 75,000 | 79,977 |
4.80%, 02/14/29 (a) | 225,000 | 262,900 |
3.40%, 05/06/30 (a) | 100,000 | 108,094 |
AmerisourceBergen Corp. | ||
3.45%, 12/15/27 (a) | 50,000 | 56,241 |
2.80%, 05/15/30 (a) | 50,000 | 52,808 |
Amgen, Inc. | ||
2.60%, 08/19/26 (a) | 50,000 | 54,544 |
2.20%, 02/21/27 (a) | 100,000 | 105,254 |
3.20%, 11/02/27 (a) | 125,000 | 140,632 |
2.45%, 02/21/30 (a) | 125,000 | 132,381 |
2.30%, 02/25/31 (a) | 50,000 | 52,123 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 400,000 | 449,060 |
Anheuser-Busch InBev Finance, Inc. | ||
3.65%, 02/01/26 (a) | 235,000 | 263,688 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 250,000 | 289,192 |
4.75%, 01/23/29 (a) | 95,000 | 114,766 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 75,000 | 81,649 |
3.25%, 03/27/30 (a) | 100,000 | 114,043 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 100,000 | 107,374 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 155,000 | 174,008 |
3.13%, 06/12/27 (a) | 30,000 | 33,287 |
4.00%, 01/17/29 (a) | 250,000 | 298,956 |
Banner Health | ||
2.34%, 01/01/30 (a) | 50,000 | 51,606 |
BAT Capital Corp. | ||
3.22%, 09/06/26 (a) | 150,000 | 161,415 |
3.56%, 08/15/27 (a) | 300,000 | 323,776 |
3.46%, 09/06/29 (a) | 50,000 | 53,765 |
Baxter International, Inc. | ||
3.75%, 10/01/25 (a)(c) | 100,000 | 114,184 |
2.60%, 08/15/26 (a) | 75,000 | 82,165 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 150,000 | 167,812 |
2.82%, 05/20/30 (a) | 50,000 | 52,973 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 100,000 | 114,817 |
2.25%, 05/01/30 (a) | 200,000 | 202,616 |
Boston Scientific Corp. | ||
3.75%, 03/01/26 (a) | 25,000 | 28,436 |
4.00%, 03/01/29 (a) | 150,000 | 171,992 |
2.65%, 06/01/30 (a) | 75,000 | 78,192 |
Bristol-Myers Squibb Co. | ||
3.88%, 08/15/25 (a)(c) | 275,000 | 313,413 |
3.20%, 06/15/26 (a)(c) | 225,000 | 252,515 |
3.25%, 02/27/27 | 100,000 | 115,160 |
3.45%, 11/15/27 (a)(c) | 100,000 | 115,169 |
3.40%, 07/26/29 (a)(c) | 275,000 | 317,937 |
Bunge Ltd. Finance Corp. | ||
3.25%, 08/15/26 (a) | 100,000 | 104,184 |
Campbell Soup Co. | ||
4.15%, 03/15/28 (a) | 75,000 | 86,910 |
2.38%, 04/24/30 (a) | 50,000 | 51,851 |
Cardinal Health, Inc. | ||
3.75%, 09/15/25 (a) | 50,000 | 56,010 |
3.41%, 06/15/27 (a) | 100,000 | 112,225 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 25,000 | 27,232 |
Cigna Corp. | ||
4.13%, 11/15/25 (a) | 200,000 | 229,659 |
3.40%, 03/01/27 (a)(c) | 100,000 | 110,689 |
3.05%, 10/15/27 (a)(c) | 100,000 | 108,678 |
4.38%, 10/15/28 (a) | 275,000 | 326,067 |
2.40%, 03/15/30 (a) | 150,000 | 155,894 |
Clorox Co. | ||
3.90%, 05/15/28 (a) | 50,000 | 58,500 |
1.80%, 05/15/30 (a) | 50,000 | 50,644 |
Coca-Cola Co. | ||
2.88%, 10/27/25 | 120,000 | 133,095 |
2.55%, 06/01/26 | 75,000 | 82,378 |
2.25%, 09/01/26 | 25,000 | 27,173 |
3.38%, 03/25/27 | 100,000 | 114,927 |
2.90%, 05/25/27 | 30,000 | 33,535 |
1.45%, 06/01/27 | 50,000 | 51,478 |
2.13%, 09/06/29 | 100,000 | 106,961 |
3.45%, 03/25/30 | 100,000 | 117,767 |
1.65%, 06/01/30 | 50,000 | 51,018 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 25,000 | 27,620 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 150,000 | 158,188 |
CommonSpirit Health | ||
3.35%, 10/01/29 (a) | 170,000 | 175,337 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Conagra Brands, Inc. | ||
4.60%, 11/01/25 (a) | 75,000 | 86,618 |
4.85%, 11/01/28 (a) | 125,000 | 151,006 |
Constellation Brands, Inc. | ||
3.70%, 12/06/26 (a) | 75,000 | 84,135 |
3.50%, 05/09/27 (a) | 75,000 | 83,148 |
4.65%, 11/15/28 (a) | 75,000 | 88,911 |
3.15%, 08/01/29 (a) | 25,000 | 26,991 |
2.88%, 05/01/30 (a) | 50,000 | 53,096 |
CVS Health Corp. | ||
3.88%, 07/20/25 (a) | 225,000 | 252,641 |
2.88%, 06/01/26 (a) | 200,000 | 216,698 |
3.00%, 08/15/26 (a) | 100,000 | 109,301 |
3.63%, 04/01/27 (a) | 100,000 | 112,736 |
4.30%, 03/25/28 (a) | 710,000 | 829,777 |
3.25%, 08/15/29 (a) | 150,000 | 165,793 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 50,000 | 52,629 |
DH Europe Finance II Sarl | ||
2.60%, 11/15/29 (a) | 75,000 | 79,916 |
Diageo Capital PLC | ||
3.88%, 05/18/28 (a) | 200,000 | 234,504 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 100,000 | 119,721 |
Eli Lilly and Co. | ||
3.10%, 05/15/27 (a) | 25,000 | 28,118 |
3.38%, 03/15/29 (a) | 75,000 | 86,799 |
Estee Lauder Cos., Inc. | ||
3.15%, 03/15/27 (a) | 50,000 | 56,005 |
2.38%, 12/01/29 (a) | 50,000 | 53,706 |
General Mills, Inc. | ||
4.20%, 04/17/28 (a) | 175,000 | 206,545 |
2.88%, 04/15/30 (a) | 100,000 | 108,999 |
Gilead Sciences, Inc. | ||
3.65%, 03/01/26 (a) | 200,000 | 228,904 |
2.95%, 03/01/27 (a) | 150,000 | 167,462 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 75,000 | 86,425 |
GlaxoSmithKline Capital, Inc. | ||
3.88%, 05/15/28 | 150,000 | 177,007 |
Hasbro, Inc. | ||
3.55%, 11/19/26 (a) | 50,000 | 53,018 |
3.50%, 09/15/27 (a) | 130,000 | 135,812 |
3.90%, 11/19/29 (a) | 80,000 | 83,606 |
HCA, Inc. | ||
5.25%, 06/15/26 (a) | 200,000 | 231,212 |
4.13%, 06/15/29 (a) | 175,000 | 193,388 |
Hershey Co. | ||
2.30%, 08/15/26 (a) | 14,000 | 15,214 |
2.45%, 11/15/29 (a) | 75,000 | 81,003 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 150,000 | 160,292 |
JM Smucker Co. | ||
3.38%, 12/15/27 (a) | 25,000 | 27,607 |
Johnson & Johnson | ||
2.45%, 03/01/26 (a) | 75,000 | 82,076 |
2.95%, 03/03/27 (a) | 200,000 | 223,490 |
2.90%, 01/15/28 (a) | 25,000 | 28,139 |
6.95%, 09/01/29 | 12,000 | 17,485 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 50,000 | 56,068 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Kellogg Co. | ||
3.25%, 04/01/26 | 25,000 | 27,853 |
3.40%, 11/15/27 (a) | 200,000 | 223,620 |
4.30%, 05/15/28 (a) | 25,000 | 29,369 |
Keurig Dr Pepper, Inc. | ||
2.55%, 09/15/26 (a) | 37,000 | 39,810 |
3.43%, 06/15/27 (a) | 25,000 | 27,637 |
4.60%, 05/25/28 (a) | 325,000 | 390,408 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 100,000 | 109,253 |
3.95%, 11/01/28 (a) | 50,000 | 59,908 |
3.20%, 04/25/29 (a) | 35,000 | 39,841 |
Kroger Co. | ||
3.50%, 02/01/26 (a) | 25,000 | 28,304 |
2.65%, 10/15/26 (a) | 100,000 | 108,928 |
4.50%, 01/15/29 (a) | 75,000 | 91,695 |
2.20%, 05/01/30 (a) | 50,000 | 52,028 |
Laboratory Corp. of America Holdings | ||
2.95%, 12/01/29 (a) | 200,000 | 213,103 |
McCormick & Co., Inc. | ||
3.40%, 08/15/27 (a) | 50,000 | 55,836 |
2.50%, 04/15/30 (a) | 50,000 | 52,677 |
McKesson Corp. | ||
3.95%, 02/16/28 (a) | 25,000 | 28,649 |
4.75%, 05/30/29 (a) | 50,000 | 60,453 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 60,000 | 69,572 |
Medtronic Global Holdings SCA | ||
3.35%, 04/01/27 (a) | 35,000 | 39,833 |
Merck & Co., Inc. | ||
3.40%, 03/07/29 (a) | 150,000 | 173,793 |
1.45%, 06/24/30 (a) | 200,000 | 200,225 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 200,000 | 207,867 |
Mondelez International, Inc. | ||
3.63%, 02/13/26 (a) | 100,000 | 112,910 |
2.75%, 04/13/30 (a) | 125,000 | 134,956 |
Mylan N.V. | ||
3.95%, 06/15/26 (a) | 100,000 | 111,914 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 100,000 | 115,786 |
Novartis Capital Corp. | ||
3.00%, 11/20/25 (a) | 125,000 | 138,839 |
3.10%, 05/17/27 (a) | 150,000 | 168,644 |
PepsiCo, Inc. | ||
3.50%, 07/17/25 (a) | 200,000 | 226,738 |
2.38%, 10/06/26 (a) | 35,000 | 38,147 |
3.00%, 10/15/27 (a) | 200,000 | 224,658 |
2.75%, 03/19/30 (a) | 150,000 | 167,476 |
1.63%, 05/01/30 (a) | 75,000 | 76,500 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29 (a) | 50,000 | 53,612 |
Pfizer, Inc. | ||
3.00%, 12/15/26 | 300,000 | 339,157 |
3.60%, 09/15/28 (a) | 150,000 | 177,068 |
2.63%, 04/01/30 (a) | 100,000 | 110,287 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 100,000 | 138,939 |
Philip Morris International, Inc. | ||
3.38%, 08/11/25 (a) | 100,000 | 111,253 |
2.75%, 02/25/26 (a) | 25,000 | 27,197 |
3.13%, 08/17/27 (a) | 57,000 | 63,556 |
3.13%, 03/02/28 (a) | 100,000 | 112,424 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Procter & Gamble Co. | ||
2.70%, 02/02/26 | 125,000 | 140,019 |
2.45%, 11/03/26 | 25,000 | 27,551 |
2.80%, 03/25/27 | 50,000 | 55,806 |
3.00%, 03/25/30 | 75,000 | 86,000 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 75,000 | 78,388 |
Quest Diagnostics, Inc. | ||
3.45%, 06/01/26 (a) | 50,000 | 56,190 |
4.20%, 06/30/29 (a) | 25,000 | 29,193 |
Sanofi | ||
3.63%, 06/19/28 (a) | 75,000 | 88,605 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 100,000 | 111,189 |
Stryker Corp. | ||
3.65%, 03/07/28 (a) | 175,000 | 203,010 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 25,000 | 27,417 |
3.30%, 07/15/26 (a) | 25,000 | 26,810 |
3.25%, 07/15/27 (a) | 150,000 | 159,208 |
2.40%, 02/15/30 (a) | 40,000 | 39,573 |
5.95%, 04/01/30 (a) | 100,000 | 125,866 |
Takeda Pharmaceutical Co., Ltd. | ||
5.00%, 11/26/28 (a) | 200,000 | 247,099 |
Thermo Fisher Scientific, Inc. | ||
2.95%, 09/19/26 (a) | 100,000 | 110,630 |
3.20%, 08/15/27 (a) | 50,000 | 55,833 |
2.60%, 10/01/29 (a) | 100,000 | 108,311 |
4.50%, 03/25/30 (a) | 75,000 | 92,562 |
Toledo Hospital | ||
5.33%, 11/15/28 | 25,000 | 26,923 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 100,000 | 114,609 |
3.55%, 06/02/27 (a) | 50,000 | 55,542 |
4.35%, 03/01/29 (a) | 25,000 | 29,562 |
Unilever Capital Corp. | ||
2.00%, 07/28/26 | 150,000 | 159,542 |
2.90%, 05/05/27 (a) | 200,000 | 222,972 |
Whirlpool Corp. | ||
4.75%, 02/26/29 (a) | 90,000 | 106,590 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 03/20/30 (a) | 75,000 | 81,125 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 50,000 | 58,413 |
3.90%, 08/20/28 (a) | 175,000 | 206,423 |
2.00%, 05/15/30 (a) | 50,000 | 51,480 |
23,117,237 | ||
Energy 6.9% | ||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 100,000 | 106,997 |
3.14%, 11/07/29 (a) | 50,000 | 52,402 |
4.49%, 05/01/30 (a) | 50,000 | 57,789 |
Boardwalk Pipelines LP | ||
4.45%, 07/15/27 (a) | 75,000 | 78,529 |
4.80%, 05/03/29 (a) | 50,000 | 52,872 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 100,000 | 113,421 |
3.41%, 02/11/26 (a) | 95,000 | 105,250 |
3.12%, 05/04/26 (a) | 125,000 | 136,729 |
3.02%, 01/16/27 (a) | 100,000 | 108,471 |
3.54%, 04/06/27 (a) | 200,000 | 222,607 |
3.59%, 04/14/27 (a) | 42,000 | 46,775 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
3.94%, 09/21/28 (a) | 100,000 | 114,648 |
4.23%, 11/06/28 (a) | 150,000 | 174,920 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 43,000 | 47,072 |
Canadian Natural Resources Ltd. | ||
3.85%, 06/01/27 (a) | 100,000 | 107,142 |
Cheniere Corpus Christi Holdings LLC | ||
5.13%, 06/30/27 (a) | 100,000 | 110,025 |
3.70%, 11/15/29 (a)(c) | 125,000 | 128,000 |
Chevron Corp. | ||
3.33%, 11/17/25 (a) | 50,000 | 56,107 |
2.95%, 05/16/26 (a) | 175,000 | 194,463 |
2.24%, 05/11/30 (a) | 100,000 | 105,208 |
Cimarex Energy Co. | ||
3.90%, 05/15/27 (a) | 65,000 | 66,104 |
4.38%, 03/15/29 (a) | 45,000 | 46,302 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 100,000 | 114,273 |
Concho Resources, Inc. | ||
4.30%, 08/15/28 (a) | 125,000 | 137,322 |
ConocoPhillips Co. | ||
4.95%, 03/15/26 (a) | 150,000 | 179,887 |
6.95%, 04/15/29 | 125,000 | 174,762 |
Devon Energy Corp. | ||
5.85%, 12/15/25 (a) | 100,000 | 111,121 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 50,000 | 50,194 |
3.50%, 12/01/29 (a) | 150,000 | 145,419 |
Dominion Energy Gas Holdings LLC | ||
3.00%, 11/15/29 (a) | 50,000 | 53,630 |
Enable Midstream Partners LP | ||
4.40%, 03/15/27 (a) | 75,000 | 69,827 |
4.95%, 05/15/28 (a) | 50,000 | 46,414 |
4.15%, 09/15/29 (a) | 35,000 | 30,588 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 75,000 | 89,613 |
Enbridge, Inc. | ||
4.25%, 12/01/26 (a) | 70,000 | 79,718 |
3.13%, 11/15/29 (a) | 100,000 | 104,701 |
Energy Transfer Operating LP | ||
4.75%, 01/15/26 (a) | 75,000 | 81,932 |
4.20%, 04/15/27 (a) | 115,000 | 120,550 |
5.50%, 06/01/27 (a) | 50,000 | 55,935 |
4.95%, 06/15/28 (a) | 75,000 | 81,055 |
5.25%, 04/15/29 (a) | 75,000 | 82,009 |
3.75%, 05/15/30 (a) | 50,000 | 49,775 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 50,000 | 63,104 |
Enterprise Products Operating LLC | ||
3.70%, 02/15/26 (a) | 125,000 | 141,040 |
4.15%, 10/16/28 (a) | 75,000 | 85,702 |
3.13%, 07/31/29 (a) | 85,000 | 91,313 |
2.80%, 01/31/30 (a) | 125,000 | 130,541 |
5.25%, 08/16/77 (a)(b) | 50,000 | 46,997 |
5.38%, 02/15/78 (a)(b) | 50,000 | 45,182 |
EOG Resources, Inc. | ||
4.15%, 01/15/26 (a) | 50,000 | 57,596 |
4.38%, 04/15/30 (a) | 50,000 | 59,745 |
Exxon Mobil Corp. | ||
3.04%, 03/01/26 (a) | 150,000 | 164,968 |
2.44%, 08/16/29 (a) | 225,000 | 239,465 |
3.48%, 03/19/30 (a) | 250,000 | 285,691 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 100,000 | 108,048 |
2.92%, 03/01/30 (a) | 50,000 | 47,463 |
Hess Corp. | ||
4.30%, 04/01/27 (a) | 50,000 | 51,855 |
7.88%, 10/01/29 | 55,000 | 66,086 |
HollyFrontier Corp. | ||
5.88%, 04/01/26 (a) | 80,000 | 88,224 |
Husky Energy, Inc. | ||
4.40%, 04/15/29 (a) | 50,000 | 50,134 |
Kinder Morgan, Inc. | ||
4.30%, 03/01/28 (a) | 50,000 | 56,710 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 50,000 | 53,025 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 50,000 | 49,472 |
Marathon Petroleum Corp. | ||
5.13%, 12/15/26 (a) | 50,000 | 58,129 |
3.80%, 04/01/28 (a) | 50,000 | 53,227 |
MPLX LP | ||
4.13%, 03/01/27 (a) | 100,000 | 106,937 |
4.25%, 12/01/27 (a) | 75,000 | 81,677 |
4.00%, 03/15/28 (a) | 75,000 | 79,428 |
4.80%, 02/15/29 (a) | 75,000 | 83,556 |
National Fuel Gas Co. | ||
5.50%, 01/15/26 (a) | 50,000 | 53,231 |
3.95%, 09/15/27 (a) | 50,000 | 49,290 |
4.75%, 09/01/28 (a) | 25,000 | 25,545 |
National Oilwell Varco, Inc. | ||
3.60%, 12/01/29 (a) | 35,000 | 34,423 |
Newfield Exploration Co. | ||
5.38%, 01/01/26 (a) | 50,000 | 47,119 |
Noble Energy, Inc. | ||
3.85%, 01/15/28 (a) | 50,000 | 48,500 |
3.25%, 10/15/29 (a) | 25,000 | 22,791 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 40,000 | 43,948 |
ONEOK, Inc. | ||
2.20%, 09/15/25 (a) | 125,000 | 122,820 |
5.85%, 01/15/26 (a) | 50,000 | 57,183 |
4.55%, 07/15/28 (a) | 125,000 | 131,316 |
3.40%, 09/01/29 (a) | 50,000 | 48,744 |
6.35%, 01/15/31 (a) | 30,000 | 35,333 |
Phillips 66 | ||
3.90%, 03/15/28 (a) | 75,000 | 84,930 |
Phillips 66 Partners LP | ||
3.75%, 03/01/28 (a) | 125,000 | 133,749 |
Pioneer Natural Resources Co. | ||
4.45%, 01/15/26 (a) | 50,000 | 57,932 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 75,000 | 80,208 |
4.50%, 12/15/26 (a) | 25,000 | 26,567 |
3.55%, 12/15/29 (a) | 100,000 | 97,208 |
Sabine Pass Liquefaction LLC | ||
5.88%, 06/30/26 (a) | 125,000 | 147,162 |
5.00%, 03/15/27 (a) | 95,000 | 106,239 |
4.20%, 03/15/28 (a) | 95,000 | 102,422 |
4.50%, 05/15/30 (a) | 100,000 | 111,072 |
Shell International Finance BV | ||
2.88%, 05/10/26 | 100,000 | 109,935 |
2.50%, 09/12/26 | 247,000 | 266,906 |
3.88%, 11/13/28 (a) | 150,000 | 174,879 |
2.38%, 11/07/29 (a) | 115,000 | 121,025 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Spectra Energy Partners LP | ||
3.38%, 10/15/26 (a) | 50,000 | 54,426 |
Sunoco Logistics Partners Operations LP | ||
3.90%, 07/15/26 (a) | 50,000 | 52,731 |
4.00%, 10/01/27 (a) | 125,000 | 128,058 |
TC PipeLines LP | ||
3.90%, 05/25/27 (a) | 50,000 | 52,924 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 50,000 | 62,100 |
7.00%, 10/15/28 | 50,000 | 64,259 |
Total Capital International S.A. | ||
3.46%, 02/19/29 (a) | 125,000 | 141,802 |
2.83%, 01/10/30 (a) | 110,000 | 119,654 |
Total Capital S.A. | ||
3.88%, 10/11/28 | 50,000 | 58,056 |
TransCanada PipeLines Ltd. | ||
4.88%, 01/15/26 (a) | 80,000 | 94,541 |
4.10%, 04/15/30 (a) | 150,000 | 171,462 |
Transcanada Trust | ||
5.50%, 09/15/79 (a)(b) | 75,000 | 74,898 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 75,000 | 97,922 |
4.00%, 03/15/28 (a) | 50,000 | 55,722 |
3.25%, 05/15/30 (a)(c) | 50,000 | 53,514 |
Valero Energy Corp. | ||
3.40%, 09/15/26 (a) | 110,000 | 120,502 |
4.35%, 06/01/28 (a) | 50,000 | 56,625 |
4.00%, 04/01/29 (a) | 100,000 | 111,583 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 50,000 | 57,738 |
Williams Cos., Inc. | ||
4.00%, 09/15/25 (a) | 68,000 | 75,342 |
3.75%, 06/15/27 (a) | 100,000 | 107,108 |
10,687,317 | ||
Industrial Other 0.2% | ||
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 50,000 | 57,128 |
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 100,000 | 113,800 |
Steelcase, Inc. | ||
5.13%, 01/18/29 (a) | 50,000 | 53,342 |
224,270 | ||
Technology 9.9% | ||
Adobe, Inc. | ||
2.15%, 02/01/27 (a) | 50,000 | 53,760 |
2.30%, 02/01/30 (a) | 75,000 | 81,045 |
Alphabet, Inc. | ||
2.00%, 08/15/26 (a) | 125,000 | 134,087 |
Amphenol Corp. | ||
4.35%, 06/01/29 (a) | 50,000 | 59,713 |
2.80%, 02/15/30 (a) | 75,000 | 80,474 |
Analog Devices, Inc. | ||
3.90%, 12/15/25 (a) | 50,000 | 56,822 |
3.50%, 12/05/26 (a) | 100,000 | 112,634 |
Apple, Inc. | ||
3.25%, 02/23/26 (a) | 200,000 | 224,674 |
2.45%, 08/04/26 (a) | 200,000 | 217,403 |
2.05%, 09/11/26 (a) | 200,000 | 213,646 |
3.35%, 02/09/27 (a) | 150,000 | 170,426 |
3.20%, 05/11/27 (a) | 100,000 | 113,391 |
3.00%, 06/20/27 (a) | 150,000 | 168,253 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
2.90%, 09/12/27 (a) | 250,000 | 279,837 |
3.00%, 11/13/27 (a) | 250,000 | 281,640 |
2.20%, 09/11/29 (a) | 25,000 | 26,852 |
1.65%, 05/11/30 (a) | 100,000 | 102,378 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 25,000 | 28,755 |
3.30%, 04/01/27 (a) | 125,000 | 142,862 |
Arrow Electronics, Inc. | ||
3.88%, 01/12/28 (a) | 75,000 | 79,251 |
Autodesk, Inc. | ||
2.85%, 01/15/30 (a) | 60,000 | 66,396 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 50,000 | 56,264 |
Baidu, Inc. | ||
4.13%, 06/30/25 | 200,000 | 220,039 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.88%, 01/15/27 (a) | 200,000 | 216,370 |
Broadcom, Inc. | ||
3.15%, 11/15/25 (a)(c) | 250,000 | 266,455 |
4.25%, 04/15/26 (a)(c) | 175,000 | 195,023 |
3.46%, 09/15/26 (a)(c) | 250,000 | 268,476 |
4.11%, 09/15/28 (a) | 50,000 | 54,719 |
4.75%, 04/15/29 (a)(c) | 260,000 | 295,633 |
5.00%, 04/15/30 (a)(c) | 250,000 | 287,814 |
4.15%, 11/15/30 (a)(c) | 100,000 | 108,995 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 50,000 | 55,370 |
2.90%, 12/01/29 (a) | 50,000 | 53,568 |
CA, Inc. | ||
4.70%, 03/15/27 (a) | 25,000 | 27,669 |
Cisco Systems, Inc. | ||
2.50%, 09/20/26 (a) | 275,000 | 304,386 |
Citrix Systems, Inc. | ||
4.50%, 12/01/27 (a) | 50,000 | 57,592 |
3.30%, 03/01/30 (a) | 75,000 | 80,283 |
Dell International LLC/EMC Corp. | ||
6.02%, 06/15/26 (a)(c) | 400,000 | 458,686 |
4.90%, 10/01/26 (a)(c) | 125,000 | 137,926 |
5.30%, 10/01/29 (a)(c) | 155,000 | 171,618 |
DXC Technology Co. | ||
4.75%, 04/15/27 (a) | 50,000 | 55,052 |
Equifax, Inc. | ||
2.60%, 12/15/25 (a) | 100,000 | 106,569 |
Equinix, Inc. | ||
5.88%, 01/15/26 (a) | 50,000 | 52,790 |
2.90%, 11/18/26 (a) | 125,000 | 134,891 |
5.38%, 05/15/27 (a) | 150,000 | 163,720 |
3.20%, 11/18/29 (a) | 50,000 | 54,316 |
Fidelity National Information Services, Inc. | ||
3.00%, 08/15/26 (a) | 50,000 | 55,433 |
4.25%, 05/15/28 (a) | 125,000 | 147,806 |
3.75%, 05/21/29 (a) | 75,000 | 88,241 |
Fiserv, Inc. | ||
3.20%, 07/01/26 (a) | 300,000 | 332,077 |
4.20%, 10/01/28 (a) | 50,000 | 58,789 |
3.50%, 07/01/29 (a) | 175,000 | 196,986 |
2.65%, 06/01/30 (a) | 75,000 | 79,585 |
Flex Ltd. | ||
3.75%, 02/01/26 (a) | 75,000 | 80,632 |
4.88%, 06/15/29 (a) | 75,000 | 82,602 |
Global Payments, Inc. | ||
4.45%, 06/01/28 (a) | 50,000 | 58,733 |
3.20%, 08/15/29 (a) | 130,000 | 139,422 |
2.90%, 05/15/30 (a) | 100,000 | 104,853 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Hewlett Packard Enterprise Co. | ||
4.90%, 10/15/25 (a) | 150,000 | 173,147 |
Intel Corp. | ||
3.70%, 07/29/25 (a) | 350,000 | 397,925 |
2.60%, 05/19/26 (a) | 100,000 | 109,522 |
3.75%, 03/25/27 (a) | 75,000 | 87,728 |
3.15%, 05/11/27 (a) | 50,000 | 56,158 |
2.45%, 11/15/29 (a) | 100,000 | 108,116 |
3.90%, 03/25/30 (a) | 25,000 | 30,356 |
International Business Machines Corp. | ||
7.00%, 10/30/25 | 60,000 | 79,123 |
3.45%, 02/19/26 | 250,000 | 282,867 |
3.30%, 05/15/26 | 200,000 | 225,084 |
1.70%, 05/15/27 (a) | 150,000 | 153,437 |
3.50%, 05/15/29 | 200,000 | 230,966 |
1.95%, 05/15/30 (a) | 100,000 | 102,435 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 50,000 | 53,675 |
3.60%, 01/15/30 (a) | 35,000 | 36,751 |
Juniper Networks, Inc. | ||
3.75%, 08/15/29 (a) | 50,000 | 56,508 |
Keysight Technologies, Inc. | ||
4.60%, 04/06/27 (a) | 75,000 | 88,337 |
3.00%, 10/30/29 (a) | 25,000 | 27,178 |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 100,000 | 118,450 |
Lam Research Corp. | ||
4.00%, 03/15/29 (a) | 75,000 | 89,101 |
1.90%, 06/15/30 (a) | 125,000 | 127,636 |
Leidos, Inc. | ||
4.38%, 05/15/30 (a)(c) | 100,000 | 112,906 |
Marvell Technology Group Ltd. | ||
4.88%, 06/22/28 (a) | 50,000 | 60,555 |
Maxim Integrated Products, Inc. | ||
3.45%, 06/15/27 (a) | 40,000 | 43,606 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 45,000 | 51,804 |
4.19%, 02/15/27 (a) | 26,000 | 29,174 |
5.33%, 02/06/29 (a) | 100,000 | 119,717 |
4.66%, 02/15/30 (a) | 50,000 | 58,283 |
Microsoft Corp. | ||
3.13%, 11/03/25 (a) | 250,000 | 280,244 |
2.40%, 08/08/26 (a) | 320,000 | 349,637 |
3.30%, 02/06/27 (a) | 275,000 | 314,751 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 100,000 | 113,495 |
4.60%, 05/23/29 (a) | 25,000 | 29,029 |
NetApp, Inc. | ||
2.70%, 06/22/30 (a) | 75,000 | 75,110 |
NVIDIA Corp. | ||
3.20%, 09/16/26 (a) | 75,000 | 84,983 |
2.85%, 04/01/30 (a) | 100,000 | 111,271 |
NXP BV/NXP Funding LLC | ||
5.55%, 12/01/28 (a)(c) | 50,000 | 61,405 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
3.88%, 06/18/26 (a)(c) | 75,000 | 83,901 |
4.30%, 06/18/29 (a)(c) | 125,000 | 143,310 |
3.40%, 05/01/30 (a)(c) | 50,000 | 53,963 |
Oracle Corp. | ||
2.65%, 07/15/26 (a) | 400,000 | 433,332 |
2.80%, 04/01/27 (a) | 250,000 | 273,231 |
3.25%, 11/15/27 (a) | 100,000 | 112,276 |
2.95%, 04/01/30 (a) | 200,000 | 223,046 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
PayPal Holdings, Inc. | ||
2.65%, 10/01/26 (a) | 100,000 | 109,056 |
2.85%, 10/01/29 (a) | 225,000 | 245,765 |
QUALCOMM, Inc. | ||
3.25%, 05/20/27 (a) | 185,000 | 210,122 |
2.15%, 05/20/30 (a) | 100,000 | 104,540 |
salesforce.com, Inc. | ||
3.70%, 04/11/28 (a) | 100,000 | 116,655 |
Seagate HDD Cayman | ||
4.88%, 06/01/27 (a) | 50,000 | 54,296 |
Texas Instruments, Inc. | ||
2.25%, 09/04/29 (a) | 100,000 | 107,071 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 50,000 | 57,413 |
Tyco Electronics Group S.A. | ||
3.13%, 08/15/27 (a) | 50,000 | 54,564 |
Verisk Analytics, Inc. | ||
4.13%, 03/15/29 (a) | 100,000 | 117,501 |
VMware, Inc. | ||
4.65%, 05/15/27 (a) | 100,000 | 110,741 |
3.90%, 08/21/27 (a) | 75,000 | 79,651 |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 50,000 | 51,765 |
15,276,351 | ||
Transportation 2.1% | ||
American Airlines 2014-1 Class A Pass Through Trust | ||
3.70%, 10/01/26 | 70,157 | 57,951 |
American Airlines 2015-1 Class A Pass Through Trust | ||
3.38%, 05/01/27 | 75,238 | 63,098 |
American Airlines 2016-1 Class AA Pass Through Trust | ||
3.58%, 07/15/29 | 41,656 | 40,152 |
American Airlines 2016-2 Class AA Pass Through Trust | ||
3.20%, 06/15/28 | 41,600 | 38,996 |
American Airlines 2016-3 Class AA Pass Through Trust | ||
3.00%, 10/15/28 | 42,341 | 38,766 |
American Airlines 2017-1 Class AA Pass Through Trust | ||
3.65%, 02/15/29 | 85,250 | 81,112 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 50,000 | 54,553 |
Burlington Northern Santa Fe LLC | ||
3.25%, 06/15/27 (a) | 66,000 | 74,728 |
Canadian National Railway Co. | ||
2.75%, 03/01/26 (a) | 100,000 | 109,731 |
6.90%, 07/15/28 | 35,000 | 48,065 |
Canadian Pacific Railway Co. | ||
4.00%, 06/01/28 (a) | 50,000 | 58,618 |
2.05%, 03/05/30 (a) | 75,000 | 77,007 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 55,000 | 62,916 |
CSX Corp. | ||
3.35%, 11/01/25 (a) | 50,000 | 56,418 |
3.80%, 03/01/28 (a) | 100,000 | 115,350 |
4.25%, 03/15/29 (a) | 50,000 | 59,865 |
2.40%, 02/15/30 (a) | 50,000 | 52,941 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 75,000 | 81,529 |
3.30%, 03/15/27 (a) | 50,000 | 53,989 |
3.40%, 02/15/28 (a) | 75,000 | 81,173 |
4.20%, 10/17/28 (a) | 75,000 | 86,303 |
3.10%, 08/05/29 (a) | 70,000 | 74,650 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 100,000 | 114,470 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 50,000 | 52,899 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 30,000 | 30,443 |
Norfolk Southern Corp. | ||
3.65%, 08/01/25 (a) | 75,000 | 84,723 |
3.15%, 06/01/27 (a) | 100,000 | 111,291 |
2.55%, 11/01/29 (a) | 75,000 | 80,591 |
Ryder System, Inc. | ||
3.35%, 09/01/25 (a) | 25,000 | 26,593 |
2.90%, 12/01/26 (a) | 100,000 | 103,137 |
Southwest Airlines Co. | ||
3.00%, 11/15/26 (a) | 25,000 | 24,461 |
3.45%, 11/16/27 (a) | 25,000 | 24,539 |
2.63%, 02/10/30 (a) | 35,000 | 31,707 |
Union Pacific Corp. | ||
3.75%, 07/15/25 (a) | 100,000 | 113,477 |
2.75%, 03/01/26 (a) | 100,000 | 108,904 |
2.15%, 02/05/27 (a) | 125,000 | 132,721 |
3.95%, 09/10/28 (a) | 50,000 | 59,413 |
3.70%, 03/01/29 (a) | 50,000 | 58,531 |
2.40%, 02/05/30 (a) | 75,000 | 80,181 |
United Airlines 2013-1 Class A Pass Through Trust | ||
4.30%, 08/15/25 | 36,387 | 33,360 |
United Airlines 2014-1 Class A Pass Through Trust | ||
4.00%, 04/11/26 | 126,663 | 115,926 |
United Airlines 2014-2 Class A Pass Through Trust | ||
3.75%, 09/03/26 | 44,749 | 40,527 |
United Airlines 2018-1 Class AA Pass Through Trust | ||
3.50%, 03/01/30 | 46,651 | 43,692 |
United Parcel Service, Inc. | ||
2.40%, 11/15/26 (a) | 75,000 | 81,735 |
3.05%, 11/15/27 (a) | 25,000 | 28,311 |
3.40%, 03/15/29 (a) | 125,000 | 144,662 |
2.50%, 09/01/29 (a) | 75,000 | 81,325 |
3,275,530 | ||
89,076,255 | ||
Utility 5.9% | ||
Electric 5.2% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 100,000 | 113,802 |
2.10%, 07/01/30 (a) | 75,000 | 75,137 |
AEP Transmission Co. LLC | ||
3.10%, 12/01/26 (a) | 35,000 | 39,218 |
Ameren Illinois Co. | ||
3.80%, 05/15/28 (a) | 35,000 | 40,755 |
American Electric Power Co., Inc. | ||
4.30%, 12/01/28 (a) | 25,000 | 29,471 |
2.30%, 03/01/30 (a) | 50,000 | 51,494 |
Appalachian Power Co. | ||
3.30%, 06/01/27 (a) | 75,000 | 81,267 |
Arizona Public Service Co. | ||
2.60%, 08/15/29 (a) | 50,000 | 52,803 |
Avangrid, Inc. | ||
3.80%, 06/01/29 (a) | 50,000 | 57,971 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28 (a) | 100,000 | 113,323 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Black Hills Corp. | ||
3.95%, 01/15/26 (a) | 50,000 | 55,048 |
3.05%, 10/15/29 (a) | 25,000 | 26,698 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 75,000 | 79,029 |
CenterPoint Energy, Inc. | ||
2.95%, 03/01/30 (a) | 30,000 | 32,071 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 75,000 | 79,763 |
3.38%, 09/15/29 (a)(c) | 25,000 | 26,162 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 50,000 | 54,853 |
3.45%, 08/15/27 (a) | 25,000 | 27,610 |
4.75%, 06/01/50 (a)(b) | 50,000 | 51,073 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 60,000 | 65,460 |
3.70%, 08/15/28 (a) | 100,000 | 116,374 |
2.20%, 03/01/30 (a) | 60,000 | 63,363 |
Connecticut Light & Power Co. | ||
3.20%, 03/15/27 (a) | 50,000 | 55,899 |
Consolidated Edison Co. of New York, Inc. | ||
3.13%, 11/15/27 (a) | 19,000 | 21,094 |
3.80%, 05/15/28 (a) | 25,000 | 28,790 |
4.00%, 12/01/28 (a) | 33,000 | 39,057 |
3.35%, 04/01/30 (a) | 50,000 | 56,976 |
Dominion Energy, Inc. | ||
3.90%, 10/01/25 (a) | 100,000 | 113,111 |
3.60%, 03/15/27 (a) | 50,000 | 55,593 |
4.25%, 06/01/28 (a) | 35,000 | 40,409 |
3.38%, 04/01/30 (a) | 100,000 | 110,946 |
DTE Electric Co. | ||
2.25%, 03/01/30 (a) | 60,000 | 63,248 |
DTE Energy Co. | ||
2.85%, 10/01/26 (a) | 50,000 | 53,195 |
3.80%, 03/15/27 (a) | 50,000 | 55,161 |
3.40%, 06/15/29 (a) | 50,000 | 54,227 |
2.95%, 03/01/30 (a) | 100,000 | 104,929 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 50,000 | 59,708 |
2.45%, 08/15/29 (a) | 100,000 | 107,754 |
2.45%, 02/01/30 (a) | 50,000 | 54,060 |
Duke Energy Corp. | ||
2.65%, 09/01/26 (a) | 125,000 | 135,817 |
3.40%, 06/15/29 (a) | 110,000 | 124,284 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28 (a) | 125,000 | 146,339 |
2.50%, 12/01/29 (a) | 100,000 | 108,044 |
1.75%, 06/15/30 (a) | 100,000 | 101,177 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28 (a) | 75,000 | 87,241 |
3.45%, 03/15/29 (a) | 50,000 | 57,692 |
Edison International | ||
5.75%, 06/15/27 (a) | 50,000 | 57,530 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 75,000 | 84,378 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 50,000 | 53,290 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 70,000 | 78,661 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 75,000 | 85,161 |
Entergy Corp. | ||
2.95%, 09/01/26 (a) | 25,000 | 27,627 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Entergy Louisiana LLC | ||
2.40%, 10/01/26 (a) | 50,000 | 53,495 |
3.12%, 09/01/27 (a) | 115,000 | 126,426 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 75,000 | 87,735 |
Evergy Metro, Inc. | ||
3.65%, 08/15/25 (a) | 35,000 | 39,329 |
2.25%, 06/01/30 (a) | 50,000 | 52,516 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 75,000 | 80,559 |
Exelon Corp. | ||
3.40%, 04/15/26 (a) | 75,000 | 83,667 |
4.05%, 04/15/30 (a) | 100,000 | 115,683 |
FirstEnergy Corp. | ||
3.90%, 07/15/27 (a) | 125,000 | 141,721 |
2.65%, 03/01/30 (a) | 30,000 | 31,432 |
Florida Power & Light Co. | ||
3.13%, 12/01/25 (a) | 50,000 | 55,662 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 50,000 | 54,128 |
Georgia Power Co. | ||
3.25%, 03/30/27 (a) | 75,000 | 82,376 |
2.65%, 09/15/29 (a) | 45,000 | 47,595 |
Gulf Power Co. | ||
3.30%, 05/30/27 (a) | 25,000 | 27,754 |
Interstate Power & Light Co. | ||
3.60%, 04/01/29 (a) | 100,000 | 113,025 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 75,000 | 82,815 |
3.35%, 11/15/27 (a) | 30,000 | 33,492 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 75,000 | 89,519 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 50,000 | 56,890 |
National Rural Utilities Cooperative Finance Corp. | ||
3.25%, 11/01/25 (a) | 75,000 | 83,793 |
3.40%, 02/07/28 (a) | 50,000 | 56,494 |
3.90%, 11/01/28 (a) | 30,000 | 35,099 |
3.70%, 03/15/29 (a) | 50,000 | 58,049 |
2.40%, 03/15/30 (a) | 25,000 | 26,855 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 50,000 | 58,575 |
NextEra Energy Capital Holdings, Inc. | ||
3.55%, 05/01/27 (a) | 100,000 | 113,367 |
3.50%, 04/01/29 (a) | 25,000 | 28,383 |
2.75%, 11/01/29 (a) | 100,000 | 108,082 |
2.25%, 06/01/30 (a) | 125,000 | 129,190 |
4.80%, 12/01/77 (a)(b) | 50,000 | 51,741 |
5.65%, 05/01/79 (a)(b) | 50,000 | 54,350 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 50,000 | 56,405 |
3.25%, 05/15/29 (a) | 100,000 | 114,223 |
3.95%, 04/01/30 (a) | 25,000 | 30,277 |
Oklahoma Gas and Electric Co. | ||
3.80%, 08/15/28 (a) | 25,000 | 28,135 |
3.30%, 03/15/30 (a) | 30,000 | 32,824 |
Oncor Electric Delivery Co. LLC | ||
3.70%, 11/15/28 (a) | 125,000 | 147,497 |
Pacific Gas and Electric Co. | ||
2.10%, 08/01/27 (a) | 50,000 | 49,544 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 75,000 | 81,489 |
4.13%, 04/15/30 (a) | 100,000 | 114,132 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 25,000 | 29,144 |
Public Service Electric and Gas Co. | ||
2.25%, 09/15/26 (a) | 100,000 | 107,849 |
3.65%, 09/01/28 (a) | 50,000 | 57,796 |
2.45%, 01/15/30 (a) | 20,000 | 21,509 |
Puget Energy, Inc. | ||
4.10%, 06/15/30 (a)(c) | 50,000 | 55,474 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 50,000 | 54,325 |
Southern California Edison Co. | ||
3.65%, 03/01/28 (a) | 50,000 | 56,309 |
4.20%, 03/01/29 (a) | 100,000 | 116,330 |
2.85%, 08/01/29 (a) | 175,000 | 185,971 |
Southern Co. | ||
3.25%, 07/01/26 (a) | 50,000 | 55,869 |
3.70%, 04/30/30 (a) | 100,000 | 114,111 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 40,000 | 45,642 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 50,000 | 53,812 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 75,000 | 85,973 |
2.95%, 03/15/30 (a) | 50,000 | 55,994 |
Virginia Electric and Power Co. | ||
3.15%, 01/15/26 (a) | 25,000 | 27,925 |
3.50%, 03/15/27 (a) | 50,000 | 56,873 |
3.80%, 04/01/28 (a) | 100,000 | 116,481 |
2.88%, 07/15/29 (a) | 50,000 | 55,274 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 100,000 | 109,974 |
4.00%, 06/15/28 (a) | 50,000 | 58,665 |
7,989,766 | ||
Natural Gas 0.5% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 50,000 | 54,608 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 50,000 | 56,608 |
NiSource, Inc. | ||
3.49%, 05/15/27 (a) | 75,000 | 84,843 |
2.95%, 09/01/29 (a) | 50,000 | 54,711 |
3.60%, 05/01/30 (a) | 100,000 | 114,726 |
ONE Gas, Inc. | ||
2.00%, 05/15/30 (a) | 50,000 | 51,222 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 60,000 | 68,506 |
Sempra Energy | ||
3.75%, 11/15/25 (a) | 25,000 | 27,830 |
3.25%, 06/15/27 (a) | 50,000 | 55,068 |
3.40%, 02/01/28 (a) | 75,000 | 82,518 |
Southern California Gas Co. | ||
2.60%, 06/15/26 (a) | 75,000 | 81,682 |
2.55%, 02/01/30 (a) | 50,000 | 54,138 |
Security Rate, Maturity Date | Face Amount ($) | Value ($) |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 35,000 | 37,923 |
824,383 | ||
Utility Other 0.2% | ||
American Water Capital Corp. | ||
2.95%, 09/01/27 (a) | 60,000 | 66,378 |
3.45%, 06/01/29 (a) | 150,000 | 171,515 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 50,000 | 55,879 |
2.70%, 04/15/30 (a) | 50,000 | 52,398 |
346,170 | ||
9,160,319 | ||
Total Corporates | ||
(Cost $145,406,318) | 151,632,893 | |
Security | Number of Shares | Value ($) |
Other Investment Company 0.8% of net assets | ||
Money Market Fund 0.8% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.12% (g) | 1,256,761 | 1,256,761 |
Total Other Investment Company | ||
(Cost $1,256,761) | 1,256,761 |
Number of Contracts | Notional Amount ($) | Current Value/ Unrealized Depreciation ($) | ||
Futures Contracts | ||||
Long | ||||
10 Year US Treasury Note (CBOT), expires 09/21/20 | 13 | 1,809,234 | (223) |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Security converts to floating rate after the fixed-rate coupon period. |
(c) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $7,084,819 or 4.6% of net assets. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | Variable-rate security. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | The rate shown is the 7-day yield. |
CBOT — | Chicago Board of Trade |
REIT — | Real Estate Investment Trust |
Market Value at 12/31/19 | Gross Purchases* | Gross Sales | Realized Gains(Losses) | Net change in unrealized appreciation (depreciation) | Market Value at 6/30/20 | Face amount at 6/30/20 | Interest Income Earned | |
Charles Schwab Corp., 3.20%, 03/02/27 | $262,441 | ($648) | ($212,791) | $3,093 | $3,700 | $55,795 | 50,000 | $3,076 |
Charles Schwab Corp., 3.25%, 05/22/29 | — | 32,343 | — | — | 1,453 | 33,796 | 30,000 | 384 |
Charles Schwab Corp., 4.63%, 03/22/30 | — | 174,345 | — | — | 13,564 | 187,909 | 150,000 | 1,156 |
Total | $262,441 | $206,040 | ($212,791) | $3,093 | $18,717 | $277,500 | $4,616 |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Significant Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |
Assets | |||||
Corporates 1 | $— | $151,632,893 | $— | $151,632,893 | |
Other Investment Company1 | 1,256,761 | — | — | 1,256,761 | |
Liabilities | |||||
Futures Contracts2 | (223) | — | — | (223) | |
Total | $1,256,538 | $151,632,893 | $— | $152,889,431 |
1 | As categorized in Portfolio Holdings. |
2 | Futures contracts are valued at unrealized appreciation or depreciation. |
Assets | ||
Investments in affiliated issuer, at value (cost $259,045) | $277,500 | |
Investments in unaffiliated issuers, at value (cost $146,404,034) | 152,612,154 | |
Cash | 31,007 | |
Deposit with broker for futures contracts | 12,861 | |
Receivables: | ||
Investments sold | 2,617,817 | |
Interest | 1,272,973 | |
Dividends | + | 99 |
Total assets | 156,824,411 | |
Liabilities | ||
Payables: | ||
Investments bought | 74,698 | |
Management fees | 6,474 | |
Fund shares redeemed | 2,612,392 | |
Variation margin on futures contracts | + | 203 |
Total liabilities | 2,693,767 | |
Net Assets | ||
Total assets | 156,824,411 | |
Total liabilities | – | 2,693,767 |
Net assets | $154,130,644 | |
Net Assets by Source | ||
Capital received from investors | 147,847,483 | |
Total distributable earnings | 6,283,161 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$154,130,644 | 2,950,000 | $52.25 | ||
Investment Income | ||
Interest received from affiliated issuer | $4,616 | |
Interest received from unaffiliated issuers | 1,729,790 | |
Dividends received from unaffiliated issuers | 2,136 | |
Securities on loan, net | + | 11 |
Total investment income | 1,736,553 | |
Expenses | ||
Management fees | 32,587 | |
Total expenses | – | 32,587 |
Net investment income | 1,703,966 | |
Realized and Unrealized Gains (Losses) | ||
Net realized gains on affiliated issuer | 3,093 | |
Net realized losses on unaffiliated investments | (241,401) | |
Net realized losses on in-kind redemptions on unaffiliated investments | (1,107) | |
Net realized losses on futures contracts | + | (5,277) |
Net realized losses | (244,692) | |
Net change in unrealized appreciation (depreciation) on affiliated issuer | 18,717 | |
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 5,534,129 | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | (223) |
Net change in unrealized appreciation (depreciation) | + | 5,552,623 |
Net realized and unrealized gains | 5,307,931 | |
Increase in net assets resulting from operations | $7,011,897 |
Operations | ||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||
Net investment income | $1,703,966 | $427,615 | ||
Net realized losses | (244,692) | (17,360) | ||
Net change in unrealized appreciation (depreciation) | + | 5,552,623 | 673,729 | |
Increase in net assets resulting from operations | 7,011,897 | 1,083,984 | ||
Distributions to Shareholders | ||||
Total distributions | ($1,388,640) | ($424,080) |
Transactions in Fund Shares | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | VALUE | SHARES | VALUE | |||||
Shares sold | 1,300,000 | $66,703,943 | 2,200,000 | $109,490,865 | ||||
Shares redeemed | + | (550,000) | (28,347,325) | — | — | |||
Net transactions in fund shares | 750,000 | $38,356,618 | 2,200,000 | $109,490,865 | ||||
Shares Outstanding and Net Assets | ||||||||
1/1/20-6/30/20 | 10/10/19*-12/31/19 | |||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||
Beginning of period | 2,200,000 | $110,150,769 | — | $— | ||||
Total increase | + | 750,000 | 43,979,875 | 2,200,000 | 110,150,769 | |||
End of period | 2,950,000 | $154,130,644 | 2,200,000 | $110,150,769 |
* | Commencement of operations. |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. TIPS ETF | Schwab U.S. Small-Cap ETF |
Schwab Short-Term U.S. Treasury ETF | Schwab U.S. Dividend Equity ETF |
Schwab Intermediate-Term U.S. Treasury ETF | Schwab International Equity ETF |
Schwab Long-Term U.S. Treasury ETF | Schwab International Small-Cap Equity ETF |
Schwab U.S. Aggregate Bond ETF | Schwab Emerging Markets Equity ETF |
Schwab 1-5 Year Corporate Bond ETF | Schwab U.S. REIT ETF |
Schwab 5-10 Year Corporate Bond ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Broad Market ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab 1000 Index® ETF | Schwab Fundamental U.S. Small Company Index ETF |
Schwab U.S. Large-Cap ETF | Schwab Fundamental International Large Company Index ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab Fundamental International Small Company Index ETF |
Schwab U.S. Large-Cap Value ETF | Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab U.S. Mid-Cap ETF |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF |
0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.05% | 0.05% |
Underlying Funds | |||||
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab U.S. Aggregate Bond ETF | |||
Schwab Target 2010 Index Fund | 0.0%* | 0.0%* | 0.2% | ||
Schwab Target 2015 Index Fund | 0.0%* | 0.1% | 0.3% | ||
Schwab Target 2020 Index Fund | 0.1% | 0.2% | 1.1% | ||
Schwab Target 2025 Index Fund | 0.1% | 0.2% | 1.4% | ||
Schwab Target 2030 Index Fund | 0.0%* | 0.1% | 1.5% | ||
Schwab Target 2035 Index Fund | -% | 0.0%* | 0.7% | ||
Schwab Target 2040 Index Fund | -% | 0.0%* | 0.7% | ||
Schwab Target 2045 Index Fund | -% | 0.0%* | 0.2% | ||
Schwab Target 2050 Index Fund | -% | 0.0%* | 0.2% | ||
Schwab Target 2055 Index Fund | -% | 0.0%* | 0.1% | ||
Schwab Target 2060 Index Fund | -% | 0.0%* | 0.1% | ||
Schwab VIT Balanced Portfolio | 0.0%* | 0.1% | 0.3% | ||
Schwab VIT Balanced with Growth Portfolio | 0.0%* | 0.1% | 0.5% | ||
Schwab VIT Growth Portfolio | -% | -% | 0.3% |
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Derivatives:
Notional Amounts | Number of Contracts | |
Schwab 1-5 Year Corporate Bond ETF | $376,691 | 3 |
Schwab 5-10 Year Corporate Bond ETF | 318,730 | 2 |
Purchases of Long-Term U.S. Government Securities* | Purchases of Other Long-Term Securities | Total Purchases of Long-Term Securities | |
Schwab U.S. TIPS ETF | $1,472,733,887 | $— | $1,472,733,887 |
Schwab Short-Term U.S. Treasury ETF | 3,800,742,685 | — | 3,800,742,685 |
Schwab Intermediate-Term U.S. Treasury ETF | 1,310,432,592 | — | 1,310,432,592 |
Schwab Long-Term U.S. Treasury ETF | 21,748,126 | — | 21,748,126 |
Schwab U.S. Aggregate Bond ETF | 2,810,455,933 | 732,622,827 | 3,543,078,760 |
Schwab 1-5 Year Corporate Bond ETF | 65,500 | 118,460,873 | 118,526,373 |
Schwab 5-10 Year Corporate Bond ETF | — | 90,560,758 | 90,560,758 |
Sales/Maturities of Long-Term U.S. Government Securities | Sales/Maturities of Other Long-Term Securities | Total Sales/Maturities of Long-Term Securities | |
Schwab U.S. TIPS ETF | $1,328,350,967 | $— | $1,328,350,967 |
Schwab Short-Term U.S. Treasury ETF | 2,467,844,156 | — | 2,467,844,156 |
Schwab Intermediate-Term U.S. Treasury ETF | 784,316,928 | — | 784,316,928 |
Schwab Long-Term U.S. Treasury ETF | 5,840,726 | — | 5,840,726 |
Schwab U.S. Aggregate Bond ETF | 2,891,171,479 | 437,653,634 | 3,328,825,113 |
Schwab 1-5 Year Corporate Bond ETF | 469,054 | 12,576,529 | 13,045,583 |
Schwab 5-10 Year Corporate Bond ETF | — | 44,945,374 | 44,945,374 |
10. In-Kind Transactions:
In-Kind Purchases of Securities | In-Kind Sales of Securities | |
Schwab U.S. TIPS ETF | $3,369,786,580 | $2,084,216,597 |
Schwab Short-Term U.S. Treasury ETF | 1,836,957,652 | 1,432,315,090 |
Schwab Intermediate-Term U.S. Treasury ETF | 582,857,460 | 2,899,981,181 |
Schwab Long-Term U.S. Treasury ETF | 19,004,116 | 5,534,156 |
Schwab U.S. Aggregate Bond ETF | — | 4,218,707 |
Schwab 1-5 Year Corporate Bond ETF | — | 7,540,476 |
Schwab 5-10 Year Corporate Bond ETF | — | 7,632,465 |
11. Federal Income Taxes
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | ||||
Tax cost | $10,044,357,522 | $6,972,756,368 | $3,045,020,448 | $49,735,170 | |||
Gross unrealized appreciation | $570,751,353 | $135,173,776 | $201,155,910 | $4,096,450 | |||
Gross unrealized depreciation | — | (10) | (23,081) | — | |||
Net unrealized appreciation (depreciation) | $570,751,353 | $135,173,766 | $201,132,829 | $4,096,450 |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |||
Tax cost | $7,633,903,756 | $134,272,669 | $146,703,900 | ||
Gross unrealized appreciation | $545,837,909 | $3,218,229 | $6,568,034 | ||
Gross unrealized depreciation | (5,260,138) | (39,032) | (382,503) | ||
Net unrealized appreciation (depreciation) | $540,577,771 | $3,179,197 | $6,185,531 |
Expiration Date | Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | |||
No expiration | $32,782,017 | $25,324,257 | $22,109,717 | $— | |||
Total | $32,782,017 | $25,324,257 | $22,109,717 | $— |
Expiration Date | Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | ||
No expiration | $47,104,929 | $2,869 | $9,918 | ||
Total | $47,104,929 | $2,869 | $9,918 |
Schwab U.S. TIPS ETF | Schwab Short-Term U.S. Treasury ETF | Schwab Intermediate-Term U.S. Treasury ETF | Schwab Long-Term U.S. Treasury ETF | |
Ordinary income | $152,790,170 | $122,565,815 | $100,812,255 | $66,835 |
Schwab U.S. Aggregate Bond ETF | Schwab 1-5 Year Corporate Bond ETF | Schwab 5-10 Year Corporate Bond ETF | |
Ordinary income | $184,048,740 | $135,820 | $424,080 |
12. Independent Registered Public Accounting Firm:
13. Subsequent Events:
1. | the nature, extent and quality of the services provided to each Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable exchange-traded funds and benchmark data; |
3. | each Fund’s expenses and how those expenses compared to those of certain other similar exchange-traded funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as each Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
1 | The meeting on June 9, 2020 was held telephonically in reliance on exemptive relief from the in-person voting requirement under the 1940 Act as provided by the Securities and Exchange Commission. |
Independent Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | Retired/Private Investor (Jan. 2009 – present). Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) (investment management firm) and President, PIMCO Funds. | 100 | None |
John F. Cogan 1947 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Senior Fellow (Oct. 1979 – present), The Hoover Institution at Stanford University (public policy think tank); Senior Fellow (2000 – present), Stanford Institute for Economic Policy Research; Professor of Public Policy (1994 – 2015), Stanford University. | 100 | Director (2005 – present), Gilead Sciences, Inc. |
Nancy F. Heller 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Retired. President and Chairman (2014 – 2016), TIAA Charitable (financial services); Senior Managing Director (2003 – 2016), TIAA (financial services). | 100 | None |
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) | CEO and Owner (May 2012 – present), Kochis Global (wealth management consulting). | 100 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
David L. Mahoney 1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Private Investor. | 100 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – present), Adamas Pharmaceuticals, Inc. Director (2003 – 2019), Symantec Corporation |
Jane P. Moncreiff 1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Consultant (2018 – present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009 – 2017), CareGroup Healthcare System, Inc. (healthcare). | 100 | None |
Kiran M. Patel 1948 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) | Retired. Executive Vice President and General Manager of Small Business Group (Dec. 2008 – Sept. 2013), Intuit, Inc. (financial software and services firm for consumers and small businesses). | 100 | Director (2008 – present), KLA-Tencor Corporation |
Kimberly S. Patmore 1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Consultant (2008 – present), Patmore Management Consulting (management consulting). | 100 | None |
Gerald B. Smith 1950 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2000; Laudus Trust since 2010; Schwab Strategic Trust since 2016) | Chairman, Chief Executive Officer and Founder (Mar. 1990 – present), Smith Graham & Co. (investment advisors). | 100 | Director (2012 – present), Eaton Corporation plc |
Interested Trustees | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
Walter W. Bettinger II2 1960 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust and Schwab Annuity Portfolios since 2008; Schwab Strategic Trust since 2009; Laudus Trust since 2010) | Director, President and Chief Executive Officer (Oct. 2008 – present), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – present) and Director (May 2008 – present), Charles Schwab & Co., Inc.; Director (Apr. 2006 – present), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (July 2019 – present), Charles Schwab Trust Bank; Director (May 2008 – present) and President and Chief Executive Officer (Aug. 2017 – present), Schwab Holdings, Inc.; Director (July 2016 – present), Charles Schwab Investment Management, Inc. | 100 | Director (2008 – present), The Charles Schwab Corporation |
Jonathan de St. Paer2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – present), Charles Schwab Investment Advisory, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. | 100 | None |
Joseph R. Martinetto2 1962 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) | Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (July 2015 – Feb. 2018), The Charles Schwab Corporation; Senior Executive Vice President (July 2015 – present), Charles Schwab & Co., Inc.; Chief Financial Officer (July 2015 – Aug. 2017) and Executive Vice President and Chief Financial Officer (May 2007 – July 2015), The Charles Schwab Corporation and Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – present) and Chief Executive Officer (July 2013 – Apr. 2015), Charles Schwab Bank, SSB; Director (Nov. 2017 – present), Charles Schwab Premier Bank, SSB; Director (May 2007 – present), Chief Financial Officer (May 2007 – Aug. 2017), Senior Executive Vice President (Feb. 2016 – present), and Executive Vice President (May 2007 – Feb. 2016), Schwab Holdings, Inc. | 100 | None |
Officers of the Trust | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Jonathan de St. Paer 1973 President and Chief Executive Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) | Director (Apr. 2019 – present), President (Oct. 2018 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – present), Charles Schwab Investment Advisory, Inc.; Trustee and Chief Executive Officer (Apr. 2019 – present) and President (Nov. 2018 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Director (Apr. 2019 – present), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Senior Vice President (Apr. 2019 – present), Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), and Vice President (Jan. 2009 – Dec. 2013), Charles Schwab & Co., Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
Mark Fischer 1970 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2013) | Treasurer and Chief Financial Officer (Jan. 2016 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Assistant Treasurer (Dec. 2013 – Dec. 2015), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013 – Dec. 2015), Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Executive Director (Apr. 2011 – Sept. 2013), J.P. Morgan Investor Services; Assistant Treasurer (May 2005 – Mar. 2011), Massachusetts Financial Service Investment Management. |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Equities and Multi-Asset Strategies (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Head of the Portfolio Management Group and Vice President of Portfolio Management (May 2009 – Apr. 2011), Financial Engines, Inc. (investment management firm); Head of Quantitative Equity (July 2004 – Jan. 2009), ING Investment Management. |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President and Chief Investment Officer (Apr. 2011 – present), Charles Schwab Investment Management, Inc.; Senior Vice President and Chief Investment Officer – Fixed Income (June 2011 – present), Schwab Funds, Laudus Funds and Schwab ETFs; Senior Managing Director and Global Head of Active Fixed-Income Strategies (Jan. 2008 – Oct. 2010), State Street Global Advisors; Director of Alpha Strategies (Apr. 2006 – Jan. 2008), Loomis, Sayles & Company (investment management firm). |
David Lekich 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Vice President and Assistant Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Senior Vice President (Sept. 2011 – present) and Vice President (Mar. 2004 – Sept. 2011), Charles Schwab & Co., Inc.; Senior Vice President and Chief Counsel (Sept. 2011 – present) and Vice President (Jan. 2011 – Sept. 2011), Charles Schwab Investment Management, Inc.; Secretary (Apr. 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds; Vice President and Assistant Clerk (Apr. 2011 – present), Laudus Funds; Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. |
Catherine MacGregor 1964 Vice President and Assistant Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Funds (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) | Vice President (July 2005 – present), Charles Schwab & Co., Inc.; Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary (Oct. 2009 – present), Schwab ETFs. |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The retirement policy requires that each independent trustee retire by December 31 of the year in which the Trustee turns 74 or the Trustee’s twentieth year of service as an independent trustee on any trust in the Fund Complex, whichever occurs first. |
2 | Mr. Bettinger, Mr. de St. Paer and Mr. Martinetto are Interested Trustees. Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation (CSC), the parent company of Charles Schwab Investment Management, Inc. (CSIM), the investment adviser for the trusts in the Fund Complex, is an employee and director of Charles Schwab & Co., Inc. (CS&Co), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust, and is a director of CSIM. Mr. de St. Paer is an Interested Trustee because he owns stock of CSC and is an employee and director of CSIM. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of CS&Co. |
3 | The President, Treasurer and Secretary/Clerk hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
Schwab ETFs
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* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
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Table of Contents
Item 2: Code of Ethics.
Not applicable to this semi-annual report.
Item 3: Audit Committee Financial Expert.
Not applicable to this semi-annual report.
Item 4: Principal Accountant Fees and Services.
Not applicable to this semi-annual report.
Item 5: Audit Committee of Listed Registrants.
Not applicable to this semi-annual report.
Item 6: Schedule of Investments.
The schedules of investments are included as part of the report to shareholders filed under Item 1 of this Form.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Jonathan de St. Paer and Registrant’s Chief Financial Officer, Mark Fischer, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
Table of Contents
(b) | During the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
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Item 13: Exhibits.
(a) | (1) Code of ethics – not applicable to this semi-annual report. | |
(3) Not applicable. | ||
(4) Registrant’s Independent Public Accountant, attached as Exhibit 99.ACCT. |
(b) |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer | ||
Chief Executive Officer | ||
Date: | August 17, 2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer | ||
Chief Executive Officer | ||
Date: | August 17, 2020 |
By: | /s/ Mark Fischer | |
Mark Fischer | ||
Chief Financial Officer | ||
Date: | August 17, 2020 |