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 – Schwab 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 – Schwab 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, 2022
Item 1: Report(s) to Shareholders.
![(CHARLES SCHWAB ASSET MANAGMENT LOGO)](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240img9e40854e1.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 |
Total Returns for the 6 Months Ended June 30, 2022 | |
Schwab U.S. TIPS ETF (Ticker Symbol: SCHP) | |
Market Price Return1 | -8.98% |
NAV Return1 | -8.88% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -8.92% |
ETF Category: Morningstar Inflation-Protected Bond2 | -6.81% |
Performance Details | page 6 |
Schwab Short-Term U.S. Treasury ETF (Ticker Symbol: SCHO) | |
Market Price Return1 | -3.04% |
NAV Return1 | -3.00% |
Bloomberg US Treasury 1-3 Year Index | -3.01% |
ETF Category: Morningstar Short Government2 | -3.68% |
Performance Details | page 7 |
Schwab Intermediate-Term U.S. Treasury ETF (Ticker Symbol: SCHR) | |
Market Price Return1 | -7.62% |
NAV Return1 | -7.70% |
Bloomberg US Treasury 3-10 Year Index | -7.73% |
ETF Category: Morningstar Intermediate Government2 | -8.10% |
Performance Details | page 8 |
Schwab Long-Term U.S. Treasury ETF (Ticker Symbol: SCHQ) | |
Market Price Return1 | -20.81% |
NAV Return1 | -20.99% |
Bloomberg US Long Treasury Index | -21.25% |
ETF Category: Morningstar Long Government2 | -21.10% |
Performance Details | page 9 |
Total Returns for the 6 Months Ended June 30, 2022 | |
Schwab U.S. Aggregate Bond ETF (Ticker Symbol: SCHZ) | |
Market Price Return1 | -10.34% |
NAV Return1 | -10.27% |
Bloomberg US Aggregate Bond Index | -10.35% |
ETF Category: Morningstar Intermediate Core Bond2 | -10.53% |
Performance Details | page 10 |
Schwab 1-5 Year Corporate Bond ETF (Ticker Symbol: SCHJ) | |
Market Price Return1 | -5.54% |
NAV Return1 | -5.56% |
Bloomberg US 1-5 Year Corporate Bond Index | -5.60% |
ETF Category: Morningstar Short-Term Bond2 | -4.86% |
Performance Details | page 11 |
Schwab 5-10 Year Corporate Bond ETF (Ticker Symbol: SCHI) | |
Market Price Return1 | -12.83% |
NAV Return1 | -12.87% |
Bloomberg US 5-10 Year Corporate Bond Index | -12.94% |
ETF Category: Morningstar Corporate Bond2 | -13.83% |
Performance Details | page 12 |
1 | ETF performance must be shown based on both a Market Price and a NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240img72d76f462.jpg)
![]() | Matthew Hastings, CFA, Managing Director and Head of Taxable Bond Strategies for Schwab Asset Management, leads the portfolio management team for the Schwab Fixed-Income ETFs and Schwab Taxable Bond Funds. He also has overall responsibility for all aspects of the management of the funds. Prior to joining Schwab 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 Schwab 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 Schwab 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 Schwab 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 | 10 Years |
Fund: Schwab U.S. TIPS ETF (8/5/2010) | ||||
Market Price Return2 | -8.98% | -5.14% | 3.15% | 1.64% |
NAV Return2 | -8.88% | -5.17% | 3.15% | 1.66% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -8.92% | -5.14% | 3.21% | 1.73% |
ETF Category: Morningstar Inflation-Protected Bond3 | -6.81% | -3.79% | 2.85% | 1.39% |
Fund Expense Ratio4: 0.04% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240imge76094b67.jpg)
Weighted Average Maturity7 | 7.4 Yrs |
Weighted Average Duration7 | 6.9 Yrs |
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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.04%. For more information, see financial note 4 or refer to 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 | Less than 0.05%. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Short-Term U.S. Treasury ETF (8/5/2010) | ||||
Market Price Return2 | -3.04% | -3.56% | 0.84% | 0.70% |
NAV Return2 | -3.00% | -3.54% | 0.85% | 0.70% |
Bloomberg US Treasury 1-3 Year Index | -3.01% | -3.51% | 0.90% | 0.77% |
ETF Category: Morningstar Short Government3 | -3.68% | -4.36% | 0.60% | 0.55% |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240imgb067323f8.jpg)
Weighted Average Maturity6 | 2.0 Yrs |
Weighted Average Duration6 | 1.9 Yrs |
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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab Intermediate-Term U.S. Treasury ETF (8/5/2010) | ||||
Market Price Return2 | -7.62% | -8.30% | 0.82% | 1.06% |
NAV Return2 | -7.70% | -8.34% | 0.82% | 1.06% |
Bloomberg US Treasury 3-10 Year Index | -7.73% | -8.31% | 0.86% | 1.13% |
ETF Category: Morningstar Intermediate Government3 | -8.10% | -8.54% | 0.34% | 0.76% |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240img181e36c49.jpg)
Weighted Average Maturity6 | 5.6 Yrs |
Weighted Average Duration6 | 5.3 Yrs |
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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab Long-Term U.S. Treasury ETF (10/10/2019) | |||
Market Price Return2 | -20.81% | -18.28% | -6.15% |
NAV Return2 | -20.99% | -18.44% | -6.20% |
Bloomberg US Long Treasury Index | -21.25% | -18.45% | -6.19% |
ETF Category: Morningstar Long Government3 | -21.10% | -18.80% | N/A |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240imgfbfd06cd10.jpg)
Weighted Average Maturity7 | 23.6 Yrs |
Weighted Average Duration7 | 16.9 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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 | Less than 0.05%. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | 5 Years | 10 Years |
Fund: Schwab U.S. Aggregate Bond ETF (7/14/2011) | ||||
Market Price Return2 | -10.34% | -10.41% | 0.76% | 1.42% |
NAV Return2 | -10.27% | -10.31% | 0.81% | 1.46% |
Bloomberg US Aggregate Bond Index | -10.35% | -10.29% | 0.88% | 1.54% |
ETF Category: Morningstar Intermediate Core Bond3 | -10.53% | -10.74% | 0.72% | 1.47% |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240imgf1b990ee11.jpg)
Weighted Average Maturity7 | 8.8 Yrs |
Weighted Average Duration7 | 6.5 Yrs |
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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 1.6% of total investments on June 30, 2022. |
7 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab 1-5 Year Corporate Bond ETF (10/10/2019) | |||
Market Price Return2 | -5.54% | -6.18% | -0.26% |
NAV Return2 | -5.56% | -6.14% | -0.25% |
Bloomberg US 1-5 Year Corporate Bond Index | -5.60% | -6.14% | -0.15% |
ETF Category: Morningstar Short-Term Bond3 | -4.86% | -5.19% | N/A |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240imgb8323e5e12.jpg)
Weighted Average Maturity6 | 3.2 Yrs |
Weighted Average Duration6 | 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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 | See Glossary for definitions of maturity and duration. |
Fund and Inception Date | 6 Months | 1 Year | Since Inception* |
Fund: Schwab 5-10 Year Corporate Bond ETF (10/10/2019) | |||
Market Price Return2 | -12.83% | -13.35% | -2.05% |
NAV Return2 | -12.87% | -13.30% | -2.01% |
Bloomberg US 5-10 Year Corporate Bond Index | -12.94% | -13.27% | -1.94% |
ETF Category: Morningstar Corporate Bond3 | -13.83% | -13.91% | N/A |
Fund Expense Ratio4: 0.03% |
![](https://capedge.com/proxy/N-CSRS/0001193125-22-235020/g42240img46722b3813.jpg)
Weighted Average Maturity6 | 7.6 Yrs |
Weighted Average Duration6 | 6.4 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 NAV basis. The fund’s per share NAV is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the fair 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 and mutual funds within the category as of the report date. |
4 | As stated in the prospectus. Effective July 1, 2022, the management fee was reduced to 0.03%. For more information, see financial note 4 or refer to 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 | See Glossary for definitions of maturity and duration. |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 1/1/22 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 6/30/22 | EXPENSES PAID DURING PERIOD 1/1/22-6/30/222 | |
Schwab U.S. TIPS ETF | ||||
Actual Return | 0.05% | $1,000.00 | $ 911.20 | $0.24 |
Hypothetical 5% Return | 0.05% | $1,000.00 | $1,024.55 | $0.25 |
Schwab Short-Term U.S. Treasury ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 970.00 | $0.20 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab Intermediate-Term U.S. Treasury ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 923.00 | $0.19 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab Long-Term U.S. Treasury ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 790.10 | $0.18 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab U.S. Aggregate Bond ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 897.30 | $0.19 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab 1-5 Year Corporate Bond ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 944.40 | $0.19 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
Schwab 5-10 Year Corporate Bond ETF | ||||
Actual Return | 0.04% | $1,000.00 | $ 871.30 | $0.19 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,024.60 | $0.20 |
1 | Based on the most recent six-month expense ratio. Effective July 1, 2022, the management fee 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, Schwab U.S. Aggregate Bond ETF, Schwab 1-5 Year Corporate Bond ETF and Schwab 5-10 Year Corporate Bond ETF were reduced to 0.04%, 0.03%, 0.03%, 0.03%, 0.03%, 0.03% and 0.03%, respectively. If the fund expense changes had been in place throughout the entire most recent fiscal half-year, the expenses paid during period under the actual return and hypothetical 5% return example would have been the following; For Schwab U.S. TIPS ETF, $0.19 and $0.20, respectively, for Schwab Short-Term U.S. Treasury ETF, $0.15 and $0.15, respectively, for Schwab Intermediate-Term U.S. Treasury ETF, $0.14 and $0.15, respectively, for Schwab Long-Term U.S. Treasury ETF, $0.13 and $0.15, respectively, for Schwab U.S. Aggregate Bond ETF, $0.14 and $0.15, respectively, for Schwab 1-5 Year Corporate Bond ETF, $0.14 and $0.15, respectively, and for Schwab 5-10 Year Corporate Bond ETF, $0.14 and $0.15, respectively. (See financial note 4) |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 181 days of the period, and divided by 365 days of the fiscal year. |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $62.83 | $62.06 | $56.57 | $53.27 | $55.39 | $54.84 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 2.11 | 2.93 | 0.81 | 1.21 | 1.51 | 1.17 |
Net realized and unrealized gains (losses) | (7.63) | 0.60 | 5.37 | 3.23 | (2.23) | 0.43 |
Total from investment operations | (5.52) | 3.53 | 6.18 | 4.44 | (0.72) | 1.60 |
Less distributions: | ||||||
Distributions from net investment income | (1.50) | (2.76) | (0.69) | (1.14) | (1.40) | (1.05) |
Net asset value at end of period | $55.81 | $62.83 | $62.06 | $56.57 | $53.27 | $55.39 |
Total return | (8.88%) 2 | 5.80% | 10.94% | 8.36% | (1.31%) | 2.95% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05% 3 | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% 4 |
Net investment income (loss) | 7.09% 3 | 4.69% | 1.36% | 2.18% | 2.80% | 2.13% |
Portfolio turnover rate5 | 8% 2 | 19% | 23% | 20% | 17% | 19% |
Net assets, end of period (x 1,000,000) | $15,768 | $21,304 | $14,090 | $8,734 | $5,779 | $2,880 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Effective March 1, 2017, the annual operating expense ratio was reduced. The ratio presented for the period ended 12/31/17 is a blended ratio. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.8% OF NET ASSETS | ||
U.S. Treasury Inflation Protected Securities | ||
0.38%, 07/15/23 | 610,335,928 | 621,398,322 |
0.63%, 01/15/24 | 580,974,545 | 590,786,560 |
0.50%, 04/15/24 | 326,230,084 | 330,900,387 |
0.13%, 07/15/24 | 527,496,896 | 532,828,085 |
0.13%, 10/15/24 | 470,536,961 | 473,542,097 |
0.25%, 01/15/25 | 482,389,961 | 485,265,941 |
2.38%, 01/15/25 | 328,797,281 | 348,612,548 |
0.13%, 04/15/25 | 385,447,684 | 385,598,278 |
0.38%, 07/15/25 | 528,966,649 | 534,174,992 |
0.13%, 10/15/25 | 468,948,056 | 468,921,574 |
0.63%, 01/15/26 | 445,360,175 | 450,666,156 |
2.00%, 01/15/26 | 212,204,322 | 224,942,727 |
0.13%, 04/15/26 | 362,339,181 | 359,018,310 |
0.13%, 07/15/26 | 443,896,252 | 440,397,910 |
0.13%, 10/15/26 | 501,252,577 | 496,676,683 |
0.38%, 01/15/27 | 413,362,661 | 411,988,263 |
2.38%, 01/15/27 | 205,169,867 | 222,980,390 |
0.13%, 04/15/27 | 512,194,919 | 504,211,418 |
0.38%, 07/15/27 | 455,732,321 | 454,318,826 |
0.50%, 01/15/28 | 465,409,722 | 462,386,979 |
1.75%, 01/15/28 | 192,888,102 | 204,761,399 |
3.63%, 04/15/28 | 198,065,855 | 231,432,649 |
0.75%, 07/15/28 | 405,137,464 | 408,428,639 |
0.88%, 01/15/29 | 347,489,380 | 350,727,160 |
2.50%, 01/15/29 | 178,112,078 | 198,189,667 |
3.88%, 04/15/29 | 234,583,742 | 283,220,302 |
0.25%, 07/15/29 | 410,625,555 | 398,351,120 |
0.13%, 01/15/30 | 463,762,179 | 442,681,118 |
0.13%, 07/15/30 | 513,521,509 | 489,758,060 |
0.13%, 01/15/31 | 531,503,622 | 505,533,383 |
0.13%, 07/15/31 | 543,444,131 | 517,005,155 |
0.13%, 01/15/32 | 592,772,146 | 562,412,847 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.38%, 04/15/32 | 82,500,268 | 103,145,901 |
2.13%, 02/15/40 | 107,975,907 | 126,157,948 |
2.13%, 02/15/41 | 155,690,487 | 180,968,885 |
0.75%, 02/15/42 | 252,356,645 | 230,830,509 |
0.63%, 02/15/43 | 198,166,236 | 175,233,445 |
1.38%, 02/15/44 | 272,565,986 | 278,896,653 |
0.75%, 02/15/45 | 300,023,944 | 269,303,313 |
1.00%, 02/15/46 | 154,481,302 | 146,446,915 |
0.88%, 02/15/47 | 189,321,757 | 175,066,603 |
1.00%, 02/15/48 | 137,648,049 | 131,363,684 |
1.00%, 02/15/49 | 128,933,561 | 124,139,644 |
0.25%, 02/15/50 | 194,871,818 | 153,851,499 |
0.13%, 02/15/51 | 196,132,404 | 151,256,551 |
0.13%, 02/15/52 | 118,024,665 | 91,942,422 |
Total Treasuries (Cost $17,351,646,860) | 15,730,721,917 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (a) | 1,137,973 | 1,137,973 |
Total Short-Term Investments (Cost $1,137,973) | 1,137,973 | |
Total Investments in Securities (Cost $17,352,784,833) | 15,731,859,890 |
(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 1 | $— | $15,730,721,917 | $— | $15,730,721,917 |
Short-Term Investments1 | 1,137,973 | — | — | 1,137,973 |
Total | $1,137,973 | $15,730,721,917 | $— | $15,731,859,890 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $17,352,784,833) | $15,731,859,890 | |
Receivables: | ||
Investments sold | 238,136,788 | |
Interest | 37,991,075 | |
Dividends | + | 17,249 |
Total assets | 16,008,005,002 | |
Liabilities | ||
Payables: | ||
Investments bought | 236,704,062 | |
Fund shares redeemed | 2,790,270 | |
Management fees | 649,660 | |
Due to custodian | + | 4,851 |
Total liabilities | 240,148,843 | |
Net assets | $15,767,856,159 | |
Net Assets by Source | ||
Capital received from investors | $17,262,707,130 | |
Total distributable loss | + | (1,494,850,971) |
Net assets | $15,767,856,159 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$15,767,856,159 | 282,550,000 | $55.81 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $672,470,530 | |
Dividends received from securities - unaffiliated | + | 25,806 |
Total investment income | 672,496,336 | |
Expenses | ||
Management fees | 4,708,436 | |
Total expenses | – | 4,708,436 |
Net investment income | 667,787,900 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (121,587,531) | |
Net realized gains on sales of in-kind redemptions - unaffiliated | + | 89,428,543 |
Net realized losses | (32,158,988) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (2,367,889,154) |
Net realized and unrealized losses | (2,400,048,142) | |
Decrease in net assets resulting from operations | ($1,732,260,242) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $667,787,900 | $856,417,676 | |
Net realized gains (losses) | (32,158,988) | 439,588,857 | |
Net change in unrealized appreciation (depreciation) | + | (2,367,889,154) | (200,941,689) |
Increase (decrease) in net assets resulting from operations | ($1,732,260,242) | $1,095,064,844 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($457,432,840) | ($852,013,180) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 92,500,000 | $5,527,695,769 | 203,700,000 | $12,711,611,994 | |
Shares redeemed | + | (149,000,000) | (8,873,875,138) | (91,700,000) | (5,740,942,233) |
Net transactions in fund shares | (56,500,000) | ($3,346,179,369) | 112,000,000 | $6,970,669,761 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 339,050,000 | $21,303,728,610 | 227,050,000 | $14,090,007,185 | |
Total increase (decrease) | + | (56,500,000) | (5,535,872,451) | 112,000,000 | 7,213,721,425 |
End of period | 282,550,000 | $15,767,856,159 | 339,050,000 | $21,303,728,610 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $50.84 | $51.39 | $50.48 | $49.88 | $50.03 | $50.41 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.16 | 0.21 | 0.65 | 1.14 | 0.94 | 0.57 |
Net realized and unrealized gains (losses) | (1.69) | (0.55) | 0.91 | 0.60 | (0.20) 2 | (0.39) |
Total from investment operations | (1.53) | (0.34) | 1.56 | 1.74 | 0.74 | 0.18 |
Less distributions: | ||||||
Distributions from net investment income | (0.11) | (0.21) | (0.65) | (1.14) | (0.89) | (0.56) |
Net asset value at end of period | $49.20 | $50.84 | $51.39 | $50.48 | $49.88 | $50.03 |
Total return | (3.00%) 3 | (0.66%) | 3.11% | 3.53% | 1.50% | 0.35% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.05% 5 | 0.05% | 0.06% 6 | 0.06% | 0.06% |
Net investment income (loss) | 0.65% 4 | 0.41% | 1.26% | 2.27% | 1.89% | 1.13% |
Portfolio turnover rate7 | 38% 3 | 73% | 74% | 77% | 65% | 65% |
Net assets, end of period (x 1,000,000) | $8,826 | $8,956 | $7,508 | $5,263 | $4,255 | $2,181 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.7% OF NET ASSETS | ||
Bonds | ||
6.25%, 08/15/23 | 18,075,000 | 18,771,876 |
7.50%, 11/15/24 | 9,180,000 | 10,125,612 |
7.63%, 02/15/25 | 8,600,000 | 9,596,055 |
Notes | ||
0.13%, 07/15/23 | 213,104,000 | 207,006,396 |
0.13%, 07/31/23 | 10,323,000 | 10,016,133 |
1.25%, 07/31/23 | 68,141,000 | 66,932,562 |
2.75%, 07/31/23 | 63,946,000 | 63,818,607 |
0.13%, 08/15/23 | 94,758,600 | 91,810,349 |
2.50%, 08/15/23 | 109,234,000 | 108,711,298 |
0.13%, 08/31/23 | 18,247,000 | 17,661,813 |
1.38%, 08/31/23 | 121,142,000 | 118,972,327 |
2.75%, 08/31/23 | 53,133,000 | 53,024,036 |
0.13%, 09/15/23 | 218,893,000 | 211,650,719 |
0.25%, 09/30/23 | 258,732,000 | 250,292,889 |
1.38%, 09/30/23 | 7,477,000 | 7,334,616 |
2.88%, 09/30/23 | 69,877,000 | 69,831,962 |
0.13%, 10/15/23 | 103,008,000 | 99,352,423 |
0.38%, 10/31/23 | 146,243,000 | 141,350,143 |
1.63%, 10/31/23 | 57,942,000 | 56,951,780 |
2.88%, 10/31/23 | 61,611,000 | 61,558,053 |
0.25%, 11/15/23 | 23,383,000 | 22,536,280 |
2.75%, 11/15/23 | 142,921,000 | 142,535,784 |
0.50%, 11/30/23 | 145,269,000 | 140,369,008 |
2.13%, 11/30/23 | 64,943,000 | 64,213,660 |
2.88%, 11/30/23 | 59,786,000 | 59,724,112 |
0.13%, 12/15/23 | 14,690,200 | 14,100,584 |
0.75%, 12/31/23 | 162,050,000 | 156,796,036 |
2.25%, 12/31/23 | 58,687,000 | 58,076,059 |
2.63%, 12/31/23 | 67,609,000 | 67,286,801 |
0.13%, 01/15/24 | 217,701,600 | 208,457,785 |
0.88%, 01/31/24 | 135,671,000 | 131,304,090 |
2.25%, 01/31/24 | 64,487,000 | 63,774,116 |
2.50%, 01/31/24 | 78,958,000 | 78,387,405 |
0.13%, 02/15/24 | 151,909,000 | 145,159,138 |
2.75%, 02/15/24 | 121,804,000 | 121,413,847 |
1.50%, 02/29/24 | 133,682,000 | 130,548,828 |
2.13%, 02/29/24 | 61,041,000 | 60,227,915 |
2.38%, 02/29/24 | 58,428,000 | 57,888,226 |
0.25%, 03/15/24 | 145,689,000 | 139,121,614 |
2.13%, 03/31/24 | 107,475,000 | 105,925,849 |
2.25%, 03/31/24 | 130,405,000 | 128,777,484 |
0.38%, 04/15/24 | 104,960,000 | 100,222,450 |
2.00%, 04/30/24 | 9,119,000 | 8,962,089 |
2.25%, 04/30/24 | 91,806,000 | 90,635,114 |
2.50%, 04/30/24 | 121,259,000 | 120,224,035 |
0.25%, 05/15/24 | 124,263,000 | 118,129,941 |
2.50%, 05/15/24 | 151,952,000 | 150,637,260 |
2.00%, 05/31/24 | 157,257,000 | 154,437,431 |
2.50%, 05/31/24 | 120,792,000 | 119,725,634 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.25%, 06/15/24 | 128,485,000 | 121,867,520 |
1.75%, 06/30/24 | 83,312,000 | 81,330,086 |
2.00%, 06/30/24 | 59,418,000 | 58,307,394 |
3.00%, 06/30/24 | 118,000,000 | 118,076,054 |
0.38%, 07/15/24 | 114,568,000 | 108,691,915 |
1.75%, 07/31/24 | 86,364,000 | 84,221,768 |
2.13%, 07/31/24 | 56,999,000 | 56,019,330 |
0.38%, 08/15/24 | 130,796,000 | 123,745,278 |
2.38%, 08/15/24 | 157,288,000 | 155,254,315 |
1.25%, 08/31/24 | 78,361,000 | 75,511,231 |
1.88%, 08/31/24 | 64,058,000 | 62,561,645 |
0.38%, 09/15/24 | 149,937,000 | 141,532,328 |
1.50%, 09/30/24 | 79,696,000 | 77,108,993 |
2.13%, 09/30/24 | 54,465,000 | 53,469,312 |
0.63%, 10/15/24 | 149,176,000 | 141,361,742 |
1.50%, 10/31/24 | 78,875,000 | 76,216,050 |
2.25%, 10/31/24 | 56,416,000 | 55,472,795 |
0.75%, 11/15/24 | 138,242,000 | 131,092,297 |
2.25%, 11/15/24 | 152,895,000 | 150,374,622 |
1.50%, 11/30/24 | 89,947,000 | 86,788,314 |
2.13%, 11/30/24 | 58,811,000 | 57,604,915 |
1.00%, 12/15/24 | 139,943,000 | 133,290,241 |
1.75%, 12/31/24 | 81,461,000 | 78,963,075 |
2.25%, 12/31/24 | 66,173,000 | 64,963,275 |
1.13%, 01/15/25 | 131,176,000 | 125,109,110 |
1.38%, 01/31/25 | 74,978,000 | 71,920,303 |
2.50%, 01/31/25 | 67,104,000 | 66,233,745 |
1.50%, 02/15/25 | 129,821,000 | 124,790,436 |
2.00%, 02/15/25 | 136,683,000 | 133,217,873 |
1.13%, 02/28/25 | 84,383,000 | 80,328,661 |
2.75%, 02/28/25 | 68,700,000 | 68,222,321 |
1.75%, 03/15/25 | 124,365,000 | 120,255,126 |
0.50%, 03/31/25 | 101,681,000 | 94,912,858 |
2.63%, 03/31/25 | 41,300,000 | 40,890,227 |
2.63%, 04/15/25 | 119,009,000 | 117,730,583 |
0.38%, 04/30/25 | 109,190,000 | 101,350,500 |
2.88%, 04/30/25 | 63,626,000 | 63,367,519 |
2.13%, 05/15/25 | 130,864,000 | 127,689,526 |
2.75%, 05/15/25 | 116,768,000 | 115,883,118 |
0.25%, 05/31/25 | 107,171,000 | 98,907,112 |
2.88%, 05/31/25 | 58,021,000 | 57,783,023 |
2.88%, 06/15/25 | 115,000,000 | 114,555,273 |
0.25%, 06/30/25 | 110,000,000 | 101,290,234 |
2.75%, 06/30/25 | 45,000,000 | 44,655,469 |
Total Treasuries (Cost $9,063,036,517) | 8,797,285,736 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (a) | 6,683,113 | 6,683,113 |
Total Short-Term Investments (Cost $6,683,113) | 6,683,113 | |
Total Investments in Securities (Cost $9,069,719,630) | 8,803,968,849 |
(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 1 | $— | $8,797,285,736 | $— | $8,797,285,736 |
Short-Term Investments1 | 6,683,113 | — | — | 6,683,113 |
Total | $6,683,113 | $8,797,285,736 | $— | $8,803,968,849 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $9,069,719,630) | $8,803,968,849 | |
Receivables: | ||
Investments sold | 372,207,101 | |
Interest | 28,262,327 | |
Fund shares sold | 7,367,910 | |
Dividends | + | 1,265 |
Total assets | 9,211,807,452 | |
Liabilities | ||
Payables: | ||
Investments bought | 385,666,973 | |
Management fees | 286,836 | |
Due to custodian | + | 4,296 |
Total liabilities | 385,958,105 | |
Net assets | $8,825,849,347 | |
Net Assets by Source | ||
Capital received from investors | $9,171,791,705 | |
Total distributable loss | + | (345,942,358) |
Net assets | $8,825,849,347 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$8,825,849,347 | 179,400,000 | $49.20 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $28,724,054 | |
Dividends received from securities - unaffiliated | + | 7,142 |
Total investment income | 28,731,196 | |
Expenses | ||
Management fees | 1,666,909 | |
Total expenses | – | 1,666,909 |
Net investment income | 27,064,287 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (61,740,159) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (15,689,116) |
Net realized losses | (77,429,275) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (206,545,684) |
Net realized and unrealized losses | (283,974,959) | |
Decrease in net assets resulting from operations | ($256,910,672) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $27,064,287 | $34,884,979 | |
Net realized gains (losses) | (77,429,275) | 32,936,548 | |
Net change in unrealized appreciation (depreciation) | + | (206,545,684) | (127,210,855) |
Decrease in net assets from operations | ($256,910,672) | ($59,389,328) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($19,128,080) | ($34,862,540) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 40,200,000 | $2,000,585,228 | 137,050,000 | $7,021,323,331 | |
Shares redeemed | + | (36,950,000) | (1,854,504,681) | (107,000,000) | (5,479,187,668) |
Net transactions in fund shares | 3,250,000 | $146,080,547 | 30,050,000 | $1,542,135,663 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 176,150,000 | $8,955,807,552 | 146,100,000 | $7,507,923,757 | |
Total increase (decrease) | + | 3,250,000 | (129,958,205) | 30,050,000 | 1,447,883,795 |
End of period | 179,400,000 | $8,825,849,347 | 176,150,000 | $8,955,807,552 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $56.16 | $58.21 | $54.97 | $52.89 | $53.35 | $53.41 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.43 | 0.55 | 0.94 | 1.28 | 1.21 | 0.89 |
Net realized and unrealized gains (losses) | (4.75) | (2.04) | 3.24 | 2.07 | (0.55) 2 | (0.07) |
Total from investment operations | (4.32) | (1.49) | 4.18 | 3.35 | 0.66 | 0.82 |
Less distributions: | ||||||
Distributions from net investment income | (0.27) | (0.56) | (0.94) | (1.27) | (1.12) | (0.88) |
Net asset value at end of period | $51.57 | $56.16 | $58.21 | $54.97 | $52.89 | $53.35 |
Total return | (7.70%) 3 | (2.57%) | 7.62% | 6.38% | 1.28% | 1.54% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.05% 5 | 0.05% | 0.06% 6 | 0.06% | 0.06% |
Net investment income (loss) | 1.64% 4 | 0.97% | 1.63% | 2.35% | 2.34% | 1.66% |
Portfolio turnover rate7 | 26% 3 | 56% | 51% | 38% | 41% | 30% |
Net assets, end of period (x 1,000,000) | $7,072 | $3,712 | $3,953 | $4,736 | $3,480 | $1,166 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.6% OF NET ASSETS | ||
Bonds | ||
6.88%, 08/15/25 | 4,245,000 | 4,730,522 |
6.00%, 02/15/26 | 9,445,000 | 10,391,714 |
6.75%, 08/15/26 | 5,752,000 | 6,567,166 |
6.50%, 11/15/26 | 6,051,000 | 6,893,649 |
6.63%, 02/15/27 | 3,276,000 | 3,771,495 |
6.38%, 08/15/27 | 4,430,000 | 5,117,861 |
6.13%, 11/15/27 | 11,496,000 | 13,215,909 |
5.50%, 08/15/28 | 6,502,000 | 7,375,960 |
5.25%, 11/15/28 | 11,445,000 | 12,880,990 |
5.25%, 02/15/29 | 6,668,000 | 7,540,570 |
6.13%, 08/15/29 | 5,992,000 | 7,176,356 |
6.25%, 05/15/30 | 9,476,000 | 11,613,282 |
5.38%, 02/15/31 | 11,566,000 | 13,622,579 |
Notes | ||
0.25%, 07/31/25 | 67,425,050 | 61,912,526 |
2.00%, 08/15/25 | 106,493,000 | 103,210,853 |
0.25%, 08/31/25 | 5,533,000 | 5,067,450 |
2.75%, 08/31/25 | 55,807,000 | 55,320,869 |
0.25%, 09/30/25 | 7,034,000 | 6,427,043 |
3.00%, 09/30/25 | 46,237,000 | 46,179,204 |
0.25%, 10/31/25 | 163,077,000 | 148,642,138 |
3.00%, 10/31/25 | 30,279,000 | 30,238,786 |
2.25%, 11/15/25 | 88,490,000 | 86,212,074 |
0.38%, 11/30/25 | 10,940,000 | 9,994,288 |
2.88%, 11/30/25 | 37,626,000 | 37,408,475 |
0.38%, 12/31/25 | 160,449,000 | 146,227,954 |
2.63%, 12/31/25 | 36,487,000 | 35,986,729 |
0.38%, 01/31/26 | 90,907,000 | 82,665,002 |
2.63%, 01/31/26 | 41,103,000 | 40,520,172 |
1.63%, 02/15/26 | 79,336,000 | 75,443,578 |
0.50%, 02/28/26 | 91,066,000 | 83,019,466 |
2.50%, 02/28/26 | 42,923,000 | 42,109,810 |
0.75%, 03/31/26 | 158,984,000 | 146,066,550 |
2.25%, 03/31/26 | 38,369,000 | 37,289,872 |
0.75%, 04/30/26 | 12,822,000 | 11,755,670 |
2.38%, 04/30/26 | 30,696,000 | 29,965,771 |
1.63%, 05/15/26 | 76,899,000 | 72,894,845 |
0.75%, 05/31/26 | 89,111,000 | 81,543,527 |
2.13%, 05/31/26 | 36,179,000 | 34,957,959 |
0.88%, 06/30/26 | 69,755,000 | 64,043,809 |
1.88%, 06/30/26 | 35,636,000 | 34,089,453 |
0.63%, 07/31/26 | 84,912,000 | 77,014,521 |
1.88%, 07/31/26 | 36,121,000 | 34,509,665 |
1.50%, 08/15/26 | 74,361,000 | 69,849,960 |
0.75%, 08/31/26 | 91,370,000 | 83,171,684 |
1.38%, 08/31/26 | 35,699,000 | 33,372,987 |
0.88%, 09/30/26 | 85,098,000 | 77,731,704 |
1.63%, 09/30/26 | 26,855,000 | 25,337,063 |
1.13%, 10/31/26 | 86,208,000 | 79,469,633 |
1.63%, 10/31/26 | 33,841,000 | 31,879,280 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 11/15/26 | 73,637,000 | 70,421,135 |
1.25%, 11/30/26 | 14,340,000 | 13,280,745 |
1.63%, 11/30/26 | 31,151,000 | 29,319,662 |
1.25%, 12/31/26 | 158,806,000 | 146,808,704 |
1.75%, 12/31/26 | 32,673,000 | 30,898,958 |
1.50%, 01/31/27 | 112,326,000 | 104,884,403 |
2.25%, 02/15/27 | 68,583,000 | 66,142,409 |
1.13%, 02/28/27 | 19,848,000 | 18,188,056 |
1.88%, 02/28/27 | 78,469,000 | 74,499,572 |
0.63%, 03/31/27 | 29,798,000 | 26,600,535 |
2.50%, 03/31/27 | 87,916,000 | 85,793,653 |
0.50%, 04/30/27 | 46,158,000 | 40,858,845 |
2.75%, 04/30/27 | 69,141,000 | 68,217,320 |
2.38%, 05/15/27 | 81,646,000 | 79,053,102 |
0.50%, 05/31/27 | 45,386,000 | 40,086,830 |
2.63%, 05/31/27 | 66,774,000 | 65,519,379 |
0.50%, 06/30/27 | 53,638,000 | 47,281,059 |
3.25%, 06/30/27 | 70,000,000 | 70,694,532 |
0.38%, 07/31/27 | 65,730,000 | 57,459,831 |
2.25%, 08/15/27 | 64,592,000 | 62,041,120 |
0.50%, 08/31/27 | 55,847,000 | 49,016,650 |
0.38%, 09/30/27 | 72,097,000 | 62,718,758 |
0.50%, 10/31/27 | 71,756,000 | 62,699,608 |
2.25%, 11/15/27 | 63,986,000 | 61,356,575 |
0.63%, 11/30/27 | 75,973,000 | 66,728,629 |
0.63%, 12/31/27 | 84,680,000 | 74,214,081 |
0.75%, 01/31/28 | 91,421,000 | 80,539,758 |
2.75%, 02/15/28 | 87,348,000 | 85,829,646 |
1.13%, 02/29/28 | 93,632,000 | 84,210,280 |
1.25%, 03/31/28 | 81,659,000 | 73,789,752 |
1.25%, 04/30/28 | 91,012,000 | 82,120,554 |
2.88%, 05/15/28 | 97,163,000 | 96,054,735 |
1.25%, 05/31/28 | 93,954,000 | 84,650,352 |
1.25%, 06/30/28 | 84,641,000 | 76,153,756 |
1.00%, 07/31/28 | 91,798,000 | 81,212,543 |
2.88%, 08/15/28 | 98,418,000 | 97,233,908 |
1.13%, 08/31/28 | 91,261,000 | 81,236,550 |
1.25%, 09/30/28 | 92,307,000 | 82,690,485 |
1.38%, 10/31/28 | 86,590,000 | 78,086,592 |
3.13%, 11/15/28 | 86,347,000 | 86,539,257 |
1.50%, 11/30/28 | 85,938,000 | 78,055,874 |
1.38%, 12/31/28 | 82,585,000 | 74,449,088 |
1.75%, 01/31/29 | 79,995,000 | 73,776,639 |
2.63%, 02/15/29 | 87,097,000 | 84,810,704 |
1.88%, 02/28/29 | 75,452,000 | 70,158,571 |
2.38%, 03/31/29 | 71,271,000 | 68,247,551 |
2.88%, 04/30/29 | 64,856,000 | 64,116,236 |
2.38%, 05/15/29 | 74,313,000 | 71,212,755 |
2.75%, 05/31/29 | 60,311,000 | 59,147,186 |
3.25%, 06/30/29 | 60,000,000 | 60,717,188 |
1.63%, 08/15/29 | 68,421,000 | 62,311,219 |
1.75%, 11/15/29 | 50,962,000 | 46,777,542 |
1.50%, 02/15/30 | 88,680,000 | 79,673,438 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.63%, 05/15/30 | 115,768,000 | 96,575,836 |
0.63%, 08/15/30 | 157,678,000 | 130,761,873 |
0.88%, 11/15/30 | 163,767,000 | 138,293,556 |
1.13%, 02/15/31 | 153,627,000 | 132,023,203 |
1.63%, 05/15/31 | 157,231,000 | 140,500,639 |
1.25%, 08/15/31 | 171,699,000 | 147,822,108 |
1.38%, 11/15/31 | 162,415,000 | 140,895,012 |
1.88%, 02/15/32 | 158,309,000 | 143,430,428 |
2.88%, 05/15/32 | 102,798,000 | 101,665,616 |
Total Treasuries (Cost $7,391,924,427) | 7,042,983,004 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (a) | 5,450,486 | 5,450,486 |
Total Short-Term Investments (Cost $5,450,486) | 5,450,486 | |
Total Investments in Securities (Cost $7,397,374,913) | 7,048,433,490 |
(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 1 | $— | $7,042,983,004 | $— | $7,042,983,004 |
Short-Term Investments1 | 5,450,486 | — | — | 5,450,486 |
Total | $5,450,486 | $7,042,983,004 | $— | $7,048,433,490 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $7,397,374,913) | $7,048,433,490 | |
Receivables: | ||
Investments sold | 174,865,939 | |
Interest | 26,486,050 | |
Dividends | + | 3,130 |
Total assets | 7,249,788,609 | |
Liabilities | ||
Payables: | ||
Investments bought | 177,085,389 | |
Management fees | + | 239,120 |
Total liabilities | 177,324,509 | |
Net assets | $7,072,464,100 | |
Net Assets by Source | ||
Capital received from investors | $7,526,666,612 | |
Total distributable loss | + | (454,202,512) |
Net assets | $7,072,464,100 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,072,464,100 | 137,150,000 | $51.57 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $42,631,883 | |
Dividends received from securities - unaffiliated | + | 12,784 |
Total investment income | 42,644,667 | |
Expenses | ||
Management fees | 1,012,897 | |
Total expenses | – | 1,012,897 |
Net investment income | 41,631,770 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (72,688,299) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (15,533,863) |
Net realized losses | (88,222,162) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (301,115,415) |
Net realized and unrealized losses | (389,337,577) | |
Decrease in net assets resulting from operations | ($347,705,807) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $41,631,770 | $36,405,306 | |
Net realized gains (losses) | (88,222,162) | 29,699,817 | |
Net change in unrealized appreciation (depreciation) | + | (301,115,415) | (174,720,996) |
Decrease in net assets from operations | ($347,705,807) | ($108,615,873) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($29,348,250) | ($36,438,300) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 101,300,000 | $5,296,059,390 | 51,000,000 | $2,902,018,922 | |
Shares redeemed | + | (30,250,000) | (1,558,538,680) | (52,800,000) | (2,997,677,163) |
Net transactions in fund shares | 71,050,000 | $3,737,520,710 | (1,800,000) | ($95,658,241) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 66,100,000 | $3,711,997,447 | 67,900,000 | $3,952,709,861 | |
Total increase (decrease) | + | 71,050,000 | 3,360,466,653 | (1,800,000) | (240,712,414) |
End of period | 137,150,000 | $7,072,464,100 | 66,100,000 | $3,711,997,447 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/19 1– 12/31/19 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $51.26 | $54.87 | $47.34 | $50.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.49 | 0.86 | 0.86 | 0.22 | ||
Net realized and unrealized gains (losses) | (11.21) | (3.60) | 7.50 | (2.67) | ||
Total from investment operations | (10.72) | (2.74) | 8.36 | (2.45) | ||
Less distributions: | ||||||
Distributions from net investment income | (0.38) | (0.87) | (0.83) | (0.21) | ||
Net asset value at end of period | $40.16 | $51.26 | $54.87 | $47.34 | ||
Total return | (20.99%) 3 | (4.96%) | 17.64% | (4.91%) 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.05% 5 | 0.05% | 0.06% 4,6 | ||
Net investment income (loss) | 2.23% 4 | 1.70% | 1.55% | 2.07% 4 | ||
Portfolio turnover rate7 | 24% 3 | 68% | 45% | 3% 3 | ||
Net assets, end of period (x 1,000) | $86,345 | $99,948 | $90,535 | $18,935 |
* | Unaudited. |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.3% OF NET ASSETS | ||
Bonds | ||
4.50%, 02/15/36 | 375,200 | 441,534 |
4.75%, 02/15/37 | 223,000 | 269,482 |
5.00%, 05/15/37 | 288,000 | 356,152 |
4.38%, 02/15/38 | 303,000 | 352,924 |
4.50%, 05/15/38 | 342,900 | 404,622 |
3.50%, 02/15/39 | 351,500 | 367,537 |
4.25%, 05/15/39 | 521,400 | 596,107 |
4.50%, 08/15/39 | 557,100 | 655,637 |
4.38%, 11/15/39 | 599,300 | 692,894 |
4.63%, 02/15/40 | 603,900 | 719,396 |
1.13%, 05/15/40 | 1,808,200 | 1,259,948 |
4.38%, 05/15/40 | 584,600 | 674,391 |
1.13%, 08/15/40 | 2,208,100 | 1,526,522 |
3.88%, 08/15/40 | 581,000 | 626,845 |
1.38%, 11/15/40 | 2,457,600 | 1,770,816 |
4.25%, 11/15/40 | 577,000 | 652,506 |
1.88%, 02/15/41 | 2,976,600 | 2,336,166 |
4.75%, 02/15/41 | 611,700 | 737,433 |
2.25%, 05/15/41 | 2,565,000 | 2,140,773 |
4.38%, 05/15/41 | 564,800 | 647,402 |
1.75%, 08/15/41 | 3,360,000 | 2,556,487 |
3.75%, 08/15/41 | 571,400 | 600,863 |
2.00%, 11/15/41 | 2,824,800 | 2,243,950 |
3.13%, 11/15/41 | 600,000 | 576,281 |
2.38%, 02/15/42 | 2,285,500 | 1,938,211 |
3.13%, 02/15/42 | 635,000 | 608,459 |
3.00%, 05/15/42 | 590,600 | 553,872 |
3.25%, 05/15/42 | 1,389,400 | 1,356,402 |
2.75%, 08/15/42 | 690,100 | 619,365 |
2.75%, 11/15/42 | 1,000,600 | 896,553 |
3.13%, 02/15/43 | 858,500 | 816,313 |
2.88%, 05/15/43 | 1,357,900 | 1,238,978 |
3.63%, 08/15/43 | 975,000 | 1,001,279 |
3.75%, 11/15/43 | 991,800 | 1,038,058 |
3.63%, 02/15/44 | 1,056,300 | 1,084,275 |
3.38%, 05/15/44 | 979,200 | 967,189 |
3.13%, 08/15/44 | 1,260,900 | 1,195,589 |
3.00%, 11/15/44 | 1,103,500 | 1,023,324 |
2.50%, 02/15/45 | 1,464,900 | 1,243,906 |
3.00%, 05/15/45 | 716,600 | 665,318 |
2.88%, 08/15/45 | 975,600 | 887,034 |
3.00%, 11/15/45 | 576,100 | 535,863 |
2.50%, 02/15/46 | 1,185,600 | 1,006,371 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 05/15/46 | 1,200,900 | 1,018,889 |
2.25%, 08/15/46 | 1,482,300 | 1,196,262 |
2.88%, 11/15/46 | 668,100 | 609,537 |
3.00%, 02/15/47 | 1,319,700 | 1,233,095 |
3.00%, 05/15/47 | 1,016,800 | 951,105 |
2.75%, 08/15/47 | 1,450,700 | 1,297,923 |
2.75%, 11/15/47 | 1,462,200 | 1,310,268 |
3.00%, 02/15/48 | 1,672,100 | 1,576,085 |
3.13%, 05/15/48 | 1,795,000 | 1,737,364 |
3.00%, 08/15/48 | 1,966,600 | 1,859,052 |
3.38%, 11/15/48 | 2,016,600 | 2,050,157 |
3.00%, 02/15/49 | 2,123,200 | 2,024,836 |
2.88%, 05/15/49 | 2,074,800 | 1,935,561 |
2.25%, 08/15/49 | 1,952,900 | 1,603,209 |
2.38%, 11/15/49 | 1,833,900 | 1,549,502 |
2.00%, 02/15/50 | 2,305,000 | 1,787,636 |
1.25%, 05/15/50 | 2,677,800 | 1,704,587 |
1.38%, 08/15/50 | 3,018,400 | 1,987,899 |
1.63%, 11/15/50 | 2,986,800 | 2,101,494 |
1.88%, 02/15/51 | 3,331,000 | 2,500,072 |
2.38%, 05/15/51 | 3,356,600 | 2,834,754 |
2.00%, 08/15/51 | 3,321,200 | 2,568,222 |
1.88%, 11/15/51 | 3,091,400 | 2,320,965 |
2.25%, 02/15/52 | 2,823,700 | 2,324,479 |
2.88%, 05/15/52 | 1,837,200 | 1,735,293 |
Total Treasuries (Cost $102,453,873) | 85,701,273 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (a) | 5,150 | 5,150 |
Total Short-Term Investments (Cost $5,150) | 5,150 | |
Total Investments in Securities (Cost $102,459,023) | 85,706,423 |
(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 1 | $— | $85,701,273 | $— | $85,701,273 |
Short-Term Investments1 | 5,150 | — | — | 5,150 |
Total | $5,150 | $85,701,273 | $— | $85,706,423 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $102,459,023) | $85,706,423 | |
Receivables: | ||
Fund shares sold | 2,008,002 | |
Investments sold | 1,406,398 | |
Interest | 631,137 | |
Dividends | + | 20 |
Total assets | 89,751,980 | |
Liabilities | ||
Payables: | ||
Investments bought | 3,404,363 | |
Management fees | + | 3,009 |
Total liabilities | 3,407,372 | |
Net assets | $86,344,608 | |
Net Assets by Source | ||
Capital received from investors | $111,803,317 | |
Total distributable loss | + | (25,458,709) |
Net assets | $86,344,608 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$86,344,608 | 2,150,000 | $40.16 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $930,705 | |
Dividends received from securities - unaffiliated | + | 228 |
Total investment income | 930,933 | |
Expenses | ||
Management fees | 16,393 | |
Total expenses | – | 16,393 |
Net investment income | 914,540 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (4,485,339) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (713,369) |
Net realized losses | (5,198,708) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (15,519,165) |
Net realized and unrealized losses | (20,717,873) | |
Decrease in net assets resulting from operations | ($19,803,333) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $914,540 | $1,498,221 | |
Net realized losses | (5,198,708) | (6,707,595) | |
Net change in unrealized appreciation (depreciation) | + | (15,519,165) | (1,537,862) |
Decrease in net assets from operations | ($19,803,333) | ($6,747,236) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($706,775) | ($1,504,385) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 1,350,000 | $56,390,189 | 2,200,000 | $112,232,468 | |
Shares redeemed | + | (1,150,000) | (49,483,180) | (1,900,000) | (94,568,490) |
Net transactions in fund shares | 200,000 | $6,907,009 | 300,000 | $17,663,978 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 1,950,000 | $99,947,707 | 1,650,000 | $90,535,350 | |
Total increase (decrease) | + | 200,000 | (13,603,099) | 300,000 | 9,412,357 |
End of period | 2,150,000 | $86,344,608 | 1,950,000 | $99,947,707 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | 1/1/17– 12/31/17 | |
Per-Share Data | ||||||
Net asset value at beginning of period | $53.91 | $56.05 | $53.43 | $50.59 | $52.07 | $51.55 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.52 | 0.96 | 1.19 | 1.43 | 1.35 | 1.18 |
Net realized and unrealized gains (losses) | (6.03) | (1.93) | 2.79 | 2.90 | (1.42) | 0.59 |
Total from investment operations | (5.51) | (0.97) | 3.98 | 4.33 | (0.07) | 1.77 |
Less distributions: | ||||||
Distributions from net investment income | (0.48) | (1.17) | (1.36) | (1.49) | (1.41) | (1.25) |
Net asset value at end of period | $47.92 | $53.91 | $56.05 | $53.43 | $50.59 | $52.07 |
Total return | (10.27%) 2 | (1.74%) | 7.50% | 8.64% | (0.09%) | 3.46% |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 3 | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
Net investment income (loss) | 2.07% 3 | 1.76% | 2.14% | 2.71% | 2.67% | 2.26% |
Portfolio turnover rate4,5 | 22% 2 | 48% | 68% | 63% | 71% | 101% |
Net assets, end of period (x 1,000,000) | $7,518 | $9,074 | $8,733 | $7,384 | $5,545 | $4,926 |
* | Unaudited. |
1 | Calculated based on the average shares outstanding during the period. |
2 | Not annualized. |
3 | Annualized. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
5 | Includes to-be-announced (TBA) transactions. (See financial note 2) |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 23.7% OF NET ASSETS | ||
Financial Institutions 7.8% | ||
Banking 5.4% | ||
Ally Financial, Inc. | ||
1.45%, 10/02/23 (a) | 450,000 | 435,361 |
3.88%, 05/21/24 (a) | 250,000 | 247,668 |
5.13%, 09/30/24 | 400,000 | 404,896 |
4.63%, 03/30/25 | 150,000 | 149,325 |
5.80%, 05/01/25 (a) | 250,000 | 255,948 |
8.00%, 11/01/31 | 900,000 | 997,592 |
American Express Co. | ||
3.70%, 08/03/23 (a) | 675,000 | 677,572 |
0.75%, 11/03/23 | 250,000 | 242,130 |
3.40%, 02/22/24 (a) | 475,000 | 474,002 |
2.50%, 07/30/24 (a) | 550,000 | 536,266 |
3.00%, 10/30/24 (a) | 800,000 | 785,896 |
2.25%, 03/04/25 (a) | 575,000 | 553,748 |
4.20%, 11/06/25 (a) | 400,000 | 406,592 |
3.13%, 05/20/26 (a) | 50,000 | 48,604 |
1.65%, 11/04/26 (a) | 250,000 | 226,783 |
2.55%, 03/04/27 (a) | 575,000 | 536,394 |
3.30%, 05/03/27 (a) | 700,000 | 673,904 |
4.05%, 05/03/29 (a) | 300,000 | 294,891 |
4.99%, 05/26/33 (a)(b) | 250,000 | 250,245 |
4.05%, 12/03/42 | 150,000 | 137,370 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
0.88%, 09/18/23 | 400,000 | 386,704 |
1.13%, 09/18/25 | 400,000 | 363,168 |
Banco Santander S.A. | ||
3.89%, 05/24/24 | 600,000 | 597,672 |
2.71%, 06/27/24 | 600,000 | 586,416 |
2.75%, 05/28/25 | 600,000 | 569,814 |
5.18%, 11/19/25 | 400,000 | 401,668 |
4.25%, 04/11/27 | 400,000 | 386,368 |
1.72%, 09/14/27 (a)(b) | 200,000 | 173,812 |
3.80%, 02/23/28 | 400,000 | 374,964 |
4.18%, 03/24/28 (a)(b) | 400,000 | 382,552 |
4.38%, 04/12/28 | 400,000 | 385,036 |
3.31%, 06/27/29 | 400,000 | 363,824 |
3.49%, 05/28/30 | 400,000 | 354,660 |
2.75%, 12/03/30 | 600,000 | 477,444 |
2.96%, 03/25/31 | 200,000 | 167,922 |
3.23%, 11/22/32 (a)(b) | 400,000 | 319,500 |
Bank of America Corp. | ||
4.10%, 07/24/23 | 600,000 | 605,772 |
4.13%, 01/22/24 | 750,000 | 758,617 |
4.00%, 04/01/24 | 850,000 | 857,412 |
3.86%, 07/23/24 (a)(b) | 750,000 | 746,925 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 08/26/24 | 950,000 | 952,669 |
0.81%, 10/24/24 (a)(b) | 400,000 | 381,772 |
4.00%, 01/22/25 | 875,000 | 872,147 |
1.84%, 02/04/25 (a)(b) | 250,000 | 241,208 |
3.46%, 03/15/25 (a)(b) | 750,000 | 740,542 |
3.95%, 04/21/25 | 800,000 | 791,200 |
0.98%, 04/22/25 (a)(b) | 500,000 | 470,440 |
3.84%, 04/25/25 (a)(b) | 600,000 | 598,326 |
3.88%, 08/01/25 | 850,000 | 847,917 |
0.98%, 09/25/25 (a)(b) | 750,000 | 695,730 |
3.09%, 10/01/25 (a)(b) | 750,000 | 727,530 |
2.46%, 10/22/25 (a)(b) | 850,000 | 811,053 |
1.53%, 12/06/25 (a)(b) | 250,000 | 232,703 |
3.37%, 01/23/26 (a)(b) | 500,000 | 484,265 |
2.02%, 02/13/26 (a)(b) | 450,000 | 421,366 |
4.45%, 03/03/26 | 700,000 | 698,670 |
3.38%, 04/02/26 (a)(b) | 500,000 | 484,810 |
3.50%, 04/19/26 | 1,050,000 | 1,023,750 |
1.32%, 06/19/26 (a)(b) | 350,000 | 318,479 |
6.22%, 09/15/26 | 100,000 | 105,350 |
4.25%, 10/22/26 | 700,000 | 690,823 |
1.20%, 10/24/26 (a)(b) | 700,000 | 627,732 |
1.66%, 03/11/27 (a)(b) | 500,000 | 449,920 |
3.56%, 04/23/27 (a)(b) | 1,000,000 | 959,330 |
1.73%, 07/22/27 (a)(b) | 1,700,000 | 1,515,805 |
3.25%, 10/21/27 (a) | 1,000,000 | 943,970 |
4.18%, 11/25/27 (a) | 650,000 | 632,768 |
3.82%, 01/20/28 (a)(b) | 850,000 | 815,753 |
3.71%, 04/24/28 (a)(b) | 500,000 | 476,925 |
4.38%, 04/27/28 (a)(b) | 750,000 | 739,410 |
3.59%, 07/21/28 (a)(b) | 850,000 | 803,165 |
3.42%, 12/20/28 (a)(b) | 1,850,000 | 1,723,885 |
3.97%, 03/05/29 (a)(b) | 1,000,000 | 954,550 |
2.09%, 06/14/29 (a)(b) | 750,000 | 643,267 |
4.27%, 07/23/29 (a)(b) | 1,000,000 | 962,200 |
3.97%, 02/07/30 (a)(b) | 950,000 | 895,413 |
3.19%, 07/23/30 (a)(b) | 800,000 | 717,280 |
2.88%, 10/22/30 (a)(b) | 600,000 | 525,564 |
2.50%, 02/13/31 (a)(b) | 1,200,000 | 1,016,628 |
2.59%, 04/29/31 (a)(b) | 1,060,000 | 900,915 |
1.90%, 07/23/31 (a)(b) | 900,000 | 721,053 |
1.92%, 10/24/31 (a)(b) | 950,000 | 758,413 |
2.65%, 03/11/32 (a)(b) | 750,000 | 631,342 |
2.69%, 04/22/32 (a)(b) | 1,500,000 | 1,261,020 |
2.30%, 07/21/32 (a)(b) | 1,250,000 | 1,010,700 |
2.57%, 10/20/32 (a)(b) | 1,000,000 | 825,780 |
2.97%, 02/04/33 (a)(b) | 1,000,000 | 852,810 |
4.57%, 04/27/33 (a)(b) | 1,000,000 | 974,080 |
2.48%, 09/21/36 (a)(b) | 250,000 | 194,575 |
6.11%, 01/29/37 | 650,000 | 706,615 |
3.85%, 03/08/37 (a)(b) | 500,000 | 433,130 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.24%, 04/24/38 (a)(b) | 250,000 | 230,583 |
7.75%, 05/14/38 | 500,000 | 618,840 |
4.08%, 04/23/40 (a)(b) | 550,000 | 486,508 |
2.68%, 06/19/41 (a)(b) | 1,650,000 | 1,193,362 |
5.88%, 02/07/42 | 450,000 | 486,072 |
3.31%, 04/22/42 (a)(b) | 1,150,000 | 907,729 |
5.00%, 01/21/44 | 450,000 | 441,324 |
4.88%, 04/01/44 | 200,000 | 193,560 |
4.75%, 04/21/45 | 200,000 | 182,204 |
4.44%, 01/20/48 (a)(b) | 600,000 | 549,144 |
3.95%, 01/23/49 (a)(b) | 350,000 | 301,182 |
4.33%, 03/15/50 (a)(b) | 900,000 | 810,594 |
4.08%, 03/20/51 (a)(b) | 1,700,000 | 1,467,372 |
2.83%, 10/24/51 (a)(b) | 350,000 | 242,802 |
3.48%, 03/13/52 (a)(b) | 300,000 | 236,184 |
2.97%, 07/21/52 (a)(b) | 700,000 | 501,284 |
Bank of America NA | ||
6.00%, 10/15/36 | 350,000 | 384,885 |
Bank of Montreal | ||
0.40%, 09/15/23 | 400,000 | 387,036 |
0.45%, 12/08/23 | 350,000 | 335,857 |
3.30%, 02/05/24 | 650,000 | 648,654 |
2.15%, 03/08/24 | 400,000 | 391,608 |
2.50%, 06/28/24 | 400,000 | 390,976 |
1.50%, 01/10/25 | 500,000 | 471,870 |
1.85%, 05/01/25 | 475,000 | 449,445 |
3.70%, 06/07/25 | 400,000 | 396,496 |
1.25%, 09/15/26 | 400,000 | 354,788 |
0.95%, 01/22/27 (a)(b) | 300,000 | 267,429 |
2.65%, 03/08/27 | 300,000 | 278,520 |
4.34%, 10/05/28 (a)(b) | 300,000 | 299,925 |
3.80%, 12/15/32 (a)(b) | 429,000 | 399,047 |
3.09%, 01/10/37 (a)(b) | 400,000 | 327,892 |
Bank of New York Mellon Corp. | ||
3.45%, 08/11/23 | 250,000 | 250,880 |
2.20%, 08/16/23 (a) | 500,000 | 494,910 |
0.35%, 12/07/23 (a) | 150,000 | 144,572 |
3.65%, 02/04/24 (a) | 150,000 | 150,576 |
3.25%, 09/11/24 (a) | 350,000 | 347,753 |
2.10%, 10/24/24 | 445,000 | 431,272 |
0.85%, 10/25/24 (a) | 250,000 | 235,548 |
3.00%, 02/24/25 (a) | 350,000 | 343,494 |
1.60%, 04/24/25 (a) | 550,000 | 517,627 |
3.43%, 06/13/25 (a)(b) | 400,000 | 397,160 |
3.95%, 11/18/25 (a) | 550,000 | 551,919 |
0.75%, 01/28/26 (a) | 150,000 | 135,248 |
2.45%, 08/17/26 (a) | 300,000 | 283,953 |
2.05%, 01/26/27 (a) | 250,000 | 229,910 |
3.25%, 05/16/27 (a) | 300,000 | 291,345 |
3.40%, 01/29/28 (a) | 250,000 | 239,783 |
3.44%, 02/07/28 (a)(b) | 300,000 | 289,974 |
3.85%, 04/28/28 | 100,000 | 97,762 |
1.65%, 07/14/28 (a) | 100,000 | 86,867 |
3.00%, 10/30/28 (a) | 225,000 | 206,550 |
3.30%, 08/23/29 (a) | 300,000 | 277,818 |
1.80%, 07/28/31 (a) | 400,000 | 324,920 |
4.29%, 06/13/33 (a)(b) | 250,000 | 245,303 |
Bank of Nova Scotia | ||
3.40%, 02/11/24 | 650,000 | 648,128 |
0.70%, 04/15/24 | 400,000 | 379,264 |
1.45%, 01/10/25 | 500,000 | 473,110 |
2.20%, 02/03/25 | 400,000 | 383,288 |
3.45%, 04/11/25 | 500,000 | 493,470 |
1.30%, 06/11/25 | 550,000 | 510,779 |
4.50%, 12/16/25 | 600,000 | 601,014 |
1.05%, 03/02/26 | 350,000 | 312,788 |
1.35%, 06/24/26 | 250,000 | 224,450 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.70%, 08/03/26 | 650,000 | 614,256 |
1.95%, 02/02/27 | 250,000 | 226,135 |
2.95%, 03/11/27 | 250,000 | 235,398 |
2.15%, 08/01/31 | 200,000 | 163,788 |
2.45%, 02/02/32 | 300,000 | 249,477 |
4.59%, 05/04/37 (a)(b) | 350,000 | 322,578 |
Bank OZK | ||
2.75%, 10/01/31 (a)(b) | 125,000 | 113,093 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 200,000 | 202,024 |
5.13%, 06/11/30 (a) | 100,000 | 96,281 |
Barclays Bank PLC | ||
3.75%, 05/15/24 | 200,000 | 199,164 |
Barclays PLC | ||
4.38%, 09/11/24 | 200,000 | 199,202 |
1.01%, 12/10/24 (a)(b) | 250,000 | 237,450 |
3.65%, 03/16/25 | 800,000 | 783,432 |
3.93%, 05/07/25 (a)(b) | 700,000 | 689,675 |
4.38%, 01/12/26 | 900,000 | 890,199 |
2.85%, 05/07/26 (a)(b) | 400,000 | 378,216 |
5.20%, 05/12/26 | 700,000 | 698,733 |
2.28%, 11/24/27 (a)(b) | 400,000 | 355,140 |
4.34%, 01/10/28 (a) | 400,000 | 382,708 |
4.84%, 05/09/28 (a) | 650,000 | 626,450 |
4.97%, 05/16/29 (a)(b) | 550,000 | 540,479 |
5.09%, 06/20/30 (a)(b) | 500,000 | 474,225 |
2.65%, 06/24/31 (a)(b) | 200,000 | 166,332 |
2.67%, 03/10/32 (a)(b) | 350,000 | 282,601 |
2.89%, 11/24/32 (a)(b) | 400,000 | 322,544 |
3.56%, 09/23/35 (a)(b) | 350,000 | 278,114 |
3.81%, 03/10/42 (a)(b) | 300,000 | 228,081 |
3.33%, 11/24/42 (a)(b) | 300,000 | 224,217 |
5.25%, 08/17/45 | 500,000 | 484,145 |
4.95%, 01/10/47 | 400,000 | 380,688 |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 300,000 | 299,436 |
BPCE S.A. | ||
4.00%, 04/15/24 | 500,000 | 499,075 |
3.38%, 12/02/26 | 250,000 | 239,490 |
Canadian Imperial Bank of Commerce | ||
3.50%, 09/13/23 | 450,000 | 450,702 |
0.50%, 12/14/23 | 300,000 | 287,424 |
3.10%, 04/02/24 | 250,000 | 247,480 |
2.25%, 01/28/25 | 400,000 | 384,028 |
3.30%, 04/07/25 | 400,000 | 392,764 |
0.95%, 10/23/25 | 200,000 | 181,520 |
3.45%, 04/07/27 | 300,000 | 287,925 |
3.60%, 04/07/32 (a) | 300,000 | 272,688 |
Capital One Bank USA NA | ||
2.28%, 01/28/26 (a)(b) | 325,000 | 309,091 |
Capital One Financial Corp. | ||
3.90%, 01/29/24 (a) | 250,000 | 250,068 |
3.75%, 04/24/24 (a) | 200,000 | 199,442 |
3.30%, 10/30/24 (a) | 700,000 | 684,040 |
1.34%, 12/06/24 (a)(b) | 250,000 | 239,670 |
3.20%, 02/05/25 (a) | 500,000 | 486,345 |
4.17%, 05/09/25 (a)(b) | 300,000 | 295,851 |
4.20%, 10/29/25 (a) | 550,000 | 542,580 |
2.64%, 03/03/26 (a)(b) | 400,000 | 378,268 |
3.75%, 07/28/26 (a) | 500,000 | 478,760 |
3.75%, 03/09/27 (a) | 250,000 | 239,468 |
3.65%, 05/11/27 (a) | 250,000 | 238,343 |
1.88%, 11/02/27 (a)(b) | 200,000 | 175,370 |
3.80%, 01/31/28 (a) | 550,000 | 518,661 |
4.93%, 05/10/28 (a)(b) | 300,000 | 297,474 |
3.27%, 03/01/30 (a)(b) | 400,000 | 354,796 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.36%, 07/29/32 (a)(b) | 325,000 | 247,601 |
2.62%, 11/02/32 (a)(b) | 200,000 | 160,850 |
5.27%, 05/10/33 (a)(b) | 350,000 | 344,320 |
CIT Bank NA | ||
2.97%, 09/27/25 (a)(b) | 250,000 | 240,078 |
Citibank NA | ||
3.65%, 01/23/24 (a) | 850,000 | 853,510 |
Citigroup, Inc. | ||
3.88%, 10/25/23 | 350,000 | 353,563 |
3.75%, 06/16/24 | 200,000 | 201,156 |
4.00%, 08/05/24 | 250,000 | 250,000 |
0.78%, 10/30/24 (a)(b) | 500,000 | 477,100 |
3.88%, 03/26/25 | 350,000 | 345,916 |
3.35%, 04/24/25 (a)(b) | 800,000 | 784,928 |
3.30%, 04/27/25 | 765,000 | 754,282 |
0.98%, 05/01/25 (a)(b) | 600,000 | 562,248 |
4.14%, 05/24/25 (a)(b) | 350,000 | 348,968 |
4.40%, 06/10/25 | 750,000 | 749,722 |
5.50%, 09/13/25 | 450,000 | 463,306 |
3.70%, 01/12/26 | 850,000 | 834,972 |
4.60%, 03/09/26 | 450,000 | 451,552 |
3.29%, 03/17/26 (a)(b) | 400,000 | 387,680 |
3.11%, 04/08/26 (a)(b) | 1,350,000 | 1,298,875 |
3.40%, 05/01/26 | 700,000 | 677,887 |
3.20%, 10/21/26 (a) | 1,100,000 | 1,047,695 |
4.30%, 11/20/26 | 350,000 | 345,937 |
1.12%, 01/28/27 (a)(b) | 600,000 | 530,484 |
1.46%, 06/09/27 (a)(b) | 800,000 | 707,520 |
4.45%, 09/29/27 | 1,200,000 | 1,180,968 |
3.89%, 01/10/28 (a)(b) | 1,050,000 | 1,009,564 |
6.63%, 01/15/28 | 350,000 | 385,112 |
3.07%, 02/24/28 (a)(b) | 500,000 | 464,130 |
4.66%, 05/24/28 (a)(b) | 300,000 | 297,948 |
3.67%, 07/24/28 (a)(b) | 900,000 | 851,274 |
4.13%, 07/25/28 | 650,000 | 624,331 |
3.52%, 10/27/28 (a)(b) | 900,000 | 841,311 |
4.08%, 04/23/29 (a)(b) | 300,000 | 285,528 |
3.98%, 03/20/30 (a)(b) | 950,000 | 889,694 |
2.98%, 11/05/30 (a)(b) | 900,000 | 786,951 |
2.67%, 01/29/31 (a)(b) | 750,000 | 637,732 |
4.41%, 03/31/31 (a)(b) | 1,350,000 | 1,293,570 |
2.57%, 06/03/31 (a)(b) | 1,200,000 | 1,010,208 |
2.56%, 05/01/32 (a)(b) | 750,000 | 618,952 |
6.63%, 06/15/32 | 300,000 | 328,446 |
2.52%, 11/03/32 (a)(b) | 600,000 | 487,302 |
3.06%, 01/25/33 (a)(b) | 750,000 | 637,545 |
5.88%, 02/22/33 | 150,000 | 155,928 |
3.79%, 03/17/33 (a)(b) | 500,000 | 452,125 |
4.91%, 05/24/33 (a)(b) | 700,000 | 691,488 |
6.00%, 10/31/33 | 350,000 | 368,767 |
3.88%, 01/24/39 (a)(b) | 300,000 | 260,301 |
8.13%, 07/15/39 | 550,000 | 723,431 |
5.32%, 03/26/41 (a)(b) | 600,000 | 606,096 |
5.88%, 01/30/42 | 400,000 | 428,040 |
2.90%, 11/03/42 (a)(b) | 250,000 | 182,855 |
6.68%, 09/13/43 | 300,000 | 342,690 |
5.30%, 05/06/44 | 250,000 | 244,733 |
4.65%, 07/30/45 | 200,000 | 183,082 |
4.75%, 05/18/46 | 650,000 | 584,779 |
4.28%, 04/24/48 (a)(b) | 300,000 | 269,553 |
4.65%, 07/23/48 (a) | 800,000 | 746,952 |
Citizens Bank NA | ||
4.12%, 05/23/25 (a)(b) | 250,000 | 249,380 |
3.75%, 02/18/26 (a) | 100,000 | 98,326 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 150,000 | 149,132 |
2.85%, 07/27/26 (a) | 150,000 | 140,696 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 02/06/30 (a) | 200,000 | 168,902 |
3.25%, 04/30/30 (a) | 300,000 | 266,649 |
2.64%, 09/30/32 (a) | 250,000 | 199,773 |
Comerica Bank | ||
4.00%, 07/27/25 | 250,000 | 246,875 |
Comerica, Inc. | ||
3.70%, 07/31/23 (a) | 350,000 | 349,930 |
4.00%, 02/01/29 (a) | 150,000 | 145,830 |
Cooperatieve Rabobank UA | ||
0.38%, 01/12/24 | 250,000 | 238,465 |
1.38%, 01/10/25 | 100,000 | 94,271 |
3.38%, 05/21/25 | 700,000 | 690,564 |
4.38%, 08/04/25 | 500,000 | 495,525 |
3.75%, 07/21/26 | 250,000 | 238,395 |
5.25%, 05/24/41 | 350,000 | 380,398 |
5.75%, 12/01/43 | 450,000 | 474,192 |
5.25%, 08/04/45 | 250,000 | 246,930 |
Credit Suisse AG | ||
0.52%, 08/09/23 | 500,000 | 483,035 |
0.50%, 02/02/24 | 250,000 | 235,953 |
3.63%, 09/09/24 | 1,050,000 | 1,031,089 |
3.70%, 02/21/25 | 400,000 | 391,652 |
2.95%, 04/09/25 | 500,000 | 478,585 |
1.25%, 08/07/26 | 600,000 | 525,720 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 750,000 | 727,725 |
4.55%, 04/17/26 | 500,000 | 489,250 |
4.88%, 05/15/45 | 500,000 | 429,120 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 300,000 | 337,392 |
Deutsche Bank AG | ||
0.90%, 05/28/24 | 600,000 | 563,274 |
3.70%, 05/30/24 | 549,000 | 543,112 |
2.22%, 09/18/24 (a)(b) | 650,000 | 628,797 |
1.45%, 04/01/25 (a)(b) | 150,000 | 140,388 |
3.96%, 11/26/25 (a)(b) | 700,000 | 678,615 |
4.10%, 01/13/26 | 550,000 | 543,604 |
1.69%, 03/19/26 | 300,000 | 269,226 |
2.13%, 11/24/26 (a)(b) | 550,000 | 489,775 |
2.31%, 11/16/27 (a)(b) | 500,000 | 431,870 |
2.55%, 01/07/28 (a)(b) | 500,000 | 432,895 |
3.55%, 09/18/31 (a)(b) | 600,000 | 502,878 |
3.04%, 05/28/32 (a)(b) | 300,000 | 237,606 |
Discover Bank | ||
4.20%, 08/08/23 | 500,000 | 501,660 |
2.45%, 09/12/24 (a) | 300,000 | 288,420 |
4.68%, 08/09/28 (a)(b) | 250,000 | 243,568 |
4.65%, 09/13/28 (a) | 1,000,000 | 963,610 |
Discover Financial Services | ||
3.95%, 11/06/24 (a) | 200,000 | 197,488 |
3.75%, 03/04/25 (a) | 250,000 | 246,480 |
Fifth Third Bancorp | ||
4.30%, 01/16/24 (a) | 250,000 | 251,593 |
3.65%, 01/25/24 (a) | 575,000 | 572,855 |
2.38%, 01/28/25 (a) | 50,000 | 47,932 |
2.55%, 05/05/27 (a) | 300,000 | 275,439 |
1.71%, 11/01/27 (a)(b) | 250,000 | 221,920 |
3.95%, 03/14/28 (a) | 200,000 | 194,650 |
8.25%, 03/01/38 | 350,000 | 451,279 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 250,000 | 250,748 |
3.85%, 03/15/26 (a) | 300,000 | 294,351 |
2.25%, 02/01/27 (a) | 50,000 | 46,340 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 250,000 | 256,095 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 100,000 | 98,379 |
First Republic Bank | ||
4.38%, 08/01/46 (a) | 250,000 | 226,415 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 200,000 | 208,220 |
Goldman Sachs Capital l | ||
6.35%, 02/15/34 | 300,000 | 322,623 |
Goldman Sachs Group, Inc. | ||
1.22%, 12/06/23 (a) | 600,000 | 579,126 |
3.63%, 02/20/24 (a) | 500,000 | 498,530 |
4.00%, 03/03/24 | 1,050,000 | 1,053,402 |
3.00%, 03/15/24 | 500,000 | 493,770 |
3.85%, 07/08/24 (a) | 700,000 | 702,163 |
0.66%, 09/10/24 (a)(b) | 500,000 | 478,955 |
0.93%, 10/21/24 (a)(b) | 500,000 | 479,040 |
3.50%, 01/23/25 (a) | 900,000 | 889,713 |
1.76%, 01/24/25 (a)(b) | 500,000 | 481,470 |
3.50%, 04/01/25 (a) | 1,200,000 | 1,179,324 |
3.75%, 05/22/25 (a) | 700,000 | 692,573 |
3.27%, 09/29/25 (a)(b) | 900,000 | 876,015 |
4.25%, 10/21/25 | 600,000 | 596,928 |
0.86%, 02/12/26 (a)(b) | 150,000 | 136,685 |
3.75%, 02/25/26 (a) | 350,000 | 343,784 |
3.50%, 11/16/26 (a) | 900,000 | 865,539 |
1.09%, 12/09/26 (a)(b) | 750,000 | 667,432 |
5.95%, 01/15/27 | 265,000 | 277,394 |
3.85%, 01/26/27 (a) | 995,000 | 962,981 |
1.43%, 03/09/27 (a)(b) | 1,050,000 | 934,080 |
1.54%, 09/10/27 (a)(b) | 1,000,000 | 878,580 |
1.95%, 10/21/27 (a)(b) | 1,350,000 | 1,195,857 |
2.64%, 02/24/28 (a)(b) | 750,000 | 681,255 |
3.62%, 03/15/28 (a)(b) | 500,000 | 473,935 |
3.69%, 06/05/28 (a)(b) | 850,000 | 806,624 |
3.81%, 04/23/29 (a)(b) | 675,000 | 636,815 |
4.22%, 05/01/29 (a)(b) | 1,050,000 | 1,010,310 |
2.60%, 02/07/30 (a) | 600,000 | 512,064 |
3.80%, 03/15/30 (a) | 800,000 | 741,992 |
1.99%, 01/27/32 (a)(b) | 950,000 | 752,694 |
2.62%, 04/22/32 (a)(b) | 1,300,000 | 1,081,366 |
2.38%, 07/21/32 (a)(b) | 1,000,000 | 810,470 |
2.65%, 10/21/32 (a)(b) | 1,000,000 | 824,940 |
6.13%, 02/15/33 | 200,000 | 218,114 |
3.10%, 02/24/33 (a)(b) | 1,300,000 | 1,112,592 |
6.45%, 05/01/36 | 200,000 | 217,502 |
6.75%, 10/01/37 | 1,700,000 | 1,884,450 |
4.02%, 10/31/38 (a)(b) | 700,000 | 612,675 |
4.41%, 04/23/39 (a)(b) | 500,000 | 456,705 |
6.25%, 02/01/41 | 750,000 | 831,877 |
3.21%, 04/22/42 (a)(b) | 750,000 | 574,417 |
2.91%, 07/21/42 (a)(b) | 500,000 | 366,045 |
3.44%, 02/24/43 (a)(b) | 500,000 | 394,015 |
4.80%, 07/08/44 (a) | 525,000 | 495,369 |
5.15%, 05/22/45 | 650,000 | 619,586 |
4.75%, 10/21/45 (a) | 550,000 | 512,957 |
HSBC Bank USA NA | ||
5.63%, 08/15/35 | 250,000 | 254,035 |
7.00%, 01/15/39 | 200,000 | 237,232 |
HSBC Holdings PLC | ||
4.25%, 03/14/24 | 500,000 | 498,380 |
0.73%, 08/17/24 (a)(b) | 50,000 | 48,006 |
1.16%, 11/22/24 (a)(b) | 400,000 | 382,588 |
3.80%, 03/11/25 (a)(b) | 850,000 | 838,576 |
0.98%, 05/24/25 (a)(b) | 200,000 | 186,738 |
4.25%, 08/18/25 | 400,000 | 394,712 |
2.63%, 11/07/25 (a)(b) | 500,000 | 477,000 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.18%, 12/09/25 (a)(b) | 400,000 | 393,812 |
4.30%, 03/08/26 | 1,000,000 | 991,180 |
3.00%, 03/10/26 (a)(b) | 400,000 | 381,856 |
1.65%, 04/18/26 (a)(b) | 750,000 | 688,642 |
3.90%, 05/25/26 | 900,000 | 881,775 |
2.10%, 06/04/26 (a)(b) | 850,000 | 786,309 |
4.29%, 09/12/26 (a)(b) | 800,000 | 784,000 |
4.38%, 11/23/26 | 550,000 | 538,857 |
1.59%, 05/24/27 (a)(b) | 750,000 | 659,977 |
2.25%, 11/22/27 (a)(b) | 400,000 | 356,668 |
4.04%, 03/13/28 (a)(b) | 800,000 | 760,896 |
4.76%, 06/09/28 (a)(b) | 600,000 | 583,842 |
2.01%, 09/22/28 (a)(b) | 650,000 | 556,582 |
4.58%, 06/19/29 (a)(b) | 950,000 | 916,465 |
2.21%, 08/17/29 (a)(b) | 650,000 | 546,702 |
4.95%, 03/31/30 | 850,000 | 840,437 |
3.97%, 05/22/30 (a)(b) | 1,000,000 | 922,260 |
2.85%, 06/04/31 (a)(b) | 450,000 | 380,534 |
2.36%, 08/18/31 (a)(b) | 500,000 | 406,050 |
7.63%, 05/17/32 | 187,000 | 215,817 |
2.80%, 05/24/32 (a)(b) | 800,000 | 658,056 |
2.87%, 11/22/32 (a)(b) | 600,000 | 492,174 |
4.76%, 03/29/33 (a)(b) | 400,000 | 369,656 |
6.50%, 05/02/36 | 650,000 | 692,939 |
6.50%, 09/15/37 | 750,000 | 804,375 |
6.80%, 06/01/38 | 300,000 | 327,135 |
6.10%, 01/14/42 | 200,000 | 221,876 |
5.25%, 03/14/44 | 495,000 | 461,281 |
HSBC USA, Inc. | ||
3.75%, 05/24/24 | 250,000 | 248,838 |
3.50%, 06/23/24 | 200,000 | 198,788 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 250,000 | 242,930 |
4.00%, 05/15/25 (a) | 150,000 | 149,462 |
2.55%, 02/04/30 (a) | 250,000 | 213,320 |
2.49%, 08/15/36 (a)(b) | 300,000 | 234,033 |
Huntington National Bank | ||
3.55%, 10/06/23 (a) | 250,000 | 249,860 |
4.55%, 05/17/28 (a)(b) | 250,000 | 249,058 |
ING Groep N.V. | ||
4.10%, 10/02/23 | 400,000 | 401,456 |
3.55%, 04/09/24 | 250,000 | 248,075 |
3.87%, 03/28/26 (a)(b) | 400,000 | 392,460 |
3.95%, 03/29/27 | 500,000 | 482,830 |
1.73%, 04/01/27 (a)(b) | 300,000 | 268,257 |
4.02%, 03/28/28 (a)(b) | 400,000 | 382,064 |
4.55%, 10/02/28 | 450,000 | 438,457 |
4.05%, 04/09/29 | 255,000 | 239,970 |
2.73%, 04/01/32 (a)(b) | 250,000 | 208,805 |
4.25%, 03/28/33 (a)(b) | 300,000 | 280,122 |
Intesa Sanpaolo S.p.A. | ||
5.25%, 01/12/24 | 200,000 | 202,010 |
JPMorgan Chase & Co. | ||
3.88%, 02/01/24 | 620,000 | 624,235 |
3.63%, 05/13/24 | 500,000 | 500,840 |
3.80%, 07/23/24 (a)(b) | 940,000 | 937,359 |
3.88%, 09/10/24 | 950,000 | 948,442 |
0.65%, 09/16/24 (a)(b) | 350,000 | 335,986 |
4.02%, 12/05/24 (a)(b) | 700,000 | 697,823 |
3.13%, 01/23/25 (a) | 775,000 | 764,537 |
0.56%, 02/16/25 (a)(b) | 300,000 | 283,065 |
3.22%, 03/01/25 (a)(b) | 600,000 | 589,908 |
0.82%, 06/01/25 (a)(b) | 700,000 | 655,277 |
3.85%, 06/14/25 (a)(b) | 600,000 | 594,204 |
0.97%, 06/23/25 (a)(b) | 700,000 | 655,130 |
3.90%, 07/15/25 (a) | 750,000 | 753,787 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.75%, 07/15/25 | 100,000 | 109,595 |
0.77%, 08/09/25 (a)(b) | 250,000 | 232,278 |
2.30%, 10/15/25 (a)(b) | 650,000 | 619,983 |
1.56%, 12/10/25 (a)(b) | 100,000 | 93,687 |
2.60%, 02/24/26 (a)(b) | 400,000 | 380,876 |
2.01%, 03/13/26 (a)(b) | 700,000 | 655,529 |
3.30%, 04/01/26 (a) | 925,000 | 899,026 |
2.08%, 04/22/26 (a)(b) | 1,250,000 | 1,171,987 |
4.08%, 04/26/26 (a)(b) | 500,000 | 495,570 |
3.20%, 06/15/26 (a) | 599,000 | 581,383 |
2.95%, 10/01/26 (a) | 1,125,000 | 1,074,679 |
7.63%, 10/15/26 | 150,000 | 169,740 |
1.05%, 11/19/26 (a)(b) | 800,000 | 712,504 |
4.13%, 12/15/26 | 700,000 | 695,709 |
3.96%, 01/29/27 (a)(b) | 750,000 | 734,850 |
1.04%, 02/04/27 (a)(b) | 650,000 | 575,217 |
1.58%, 04/22/27 (a)(b) | 1,000,000 | 892,860 |
8.00%, 04/29/27 | 150,000 | 172,254 |
1.47%, 09/22/27 (a)(b) | 750,000 | 658,522 |
4.25%, 10/01/27 | 493,000 | 488,686 |
3.63%, 12/01/27 (a) | 300,000 | 288,363 |
3.78%, 02/01/28 (a)(b) | 1,000,000 | 960,880 |
2.95%, 02/24/28 (a)(b) | 500,000 | 464,010 |
4.32%, 04/26/28 (a)(b) | 500,000 | 492,560 |
3.54%, 05/01/28 (a)(b) | 800,000 | 758,320 |
2.18%, 06/01/28 (a)(b) | 500,000 | 446,030 |
3.51%, 01/23/29 (a)(b) | 750,000 | 702,765 |
4.01%, 04/23/29 (a)(b) | 750,000 | 719,557 |
2.07%, 06/01/29 (a)(b) | 750,000 | 645,795 |
4.20%, 07/23/29 (a)(b) | 900,000 | 869,148 |
4.45%, 12/05/29 (a)(b) | 750,000 | 731,625 |
3.70%, 05/06/30 (a)(b) | 900,000 | 839,421 |
8.75%, 09/01/30 | 200,000 | 245,090 |
2.74%, 10/15/30 (a)(b) | 1,200,000 | 1,047,276 |
4.49%, 03/24/31 (a)(b) | 1,000,000 | 978,790 |
2.52%, 04/22/31 (a)(b) | 950,000 | 810,445 |
2.96%, 05/13/31 (a)(b) | 1,000,000 | 866,760 |
1.76%, 11/19/31 (a)(b) | 500,000 | 396,750 |
1.95%, 02/04/32 (a)(b) | 900,000 | 720,306 |
2.58%, 04/22/32 (a)(b) | 1,200,000 | 1,011,240 |
2.55%, 11/08/32 (a)(b) | 750,000 | 623,812 |
2.96%, 01/25/33 (a)(b) | 750,000 | 644,610 |
4.59%, 04/26/33 (a)(b) | 500,000 | 491,895 |
6.40%, 05/15/38 | 750,000 | 855,982 |
3.88%, 07/24/38 (a)(b) | 850,000 | 750,108 |
5.50%, 10/15/40 | 350,000 | 363,916 |
3.11%, 04/22/41 (a)(b) | 350,000 | 272,745 |
5.60%, 07/15/41 | 500,000 | 526,685 |
2.53%, 11/19/41 (a)(b) | 500,000 | 357,315 |
5.40%, 01/06/42 | 450,000 | 462,748 |
3.16%, 04/22/42 (a)(b) | 650,000 | 506,168 |
5.63%, 08/16/43 | 400,000 | 419,600 |
4.85%, 02/01/44 | 100,000 | 98,375 |
4.95%, 06/01/45 | 400,000 | 382,620 |
4.26%, 02/22/48 (a)(b) | 675,000 | 602,593 |
4.03%, 07/24/48 (a)(b) | 500,000 | 432,825 |
3.96%, 11/15/48 (a)(b) | 1,100,000 | 940,280 |
3.90%, 01/23/49 (a)(b) | 500,000 | 423,000 |
3.11%, 04/22/51 (a)(b) | 750,000 | 553,695 |
3.33%, 04/22/52 (a)(b) | 1,100,000 | 842,193 |
KeyBank NA | ||
3.30%, 06/01/25 | 450,000 | 443,173 |
4.39%, 12/14/27 | 250,000 | 249,253 |
6.95%, 02/01/28 | 150,000 | 165,206 |
3.90%, 04/13/29 | 250,000 | 236,188 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KeyCorp | ||
2.25%, 04/06/27 | 250,000 | 225,145 |
4.10%, 04/30/28 | 400,000 | 386,020 |
2.55%, 10/01/29 | 150,000 | 129,858 |
Lloyds Banking Group PLC | ||
4.05%, 08/16/23 | 500,000 | 501,655 |
3.90%, 03/12/24 | 350,000 | 349,514 |
4.50%, 11/04/24 | 300,000 | 299,031 |
4.45%, 05/08/25 | 300,000 | 300,519 |
3.87%, 07/09/25 (a)(b) | 400,000 | 395,648 |
4.58%, 12/10/25 | 200,000 | 196,426 |
2.44%, 02/05/26 (a)(b) | 250,000 | 236,928 |
3.51%, 03/18/26 (a)(b) | 300,000 | 292,350 |
4.65%, 03/24/26 | 750,000 | 737,467 |
3.75%, 01/11/27 | 400,000 | 386,400 |
1.63%, 05/11/27 (a)(b) | 300,000 | 267,108 |
3.75%, 03/18/28 (a)(b) | 300,000 | 285,483 |
4.38%, 03/22/28 | 750,000 | 729,232 |
4.55%, 08/16/28 | 200,000 | 195,864 |
3.57%, 11/07/28 (a)(b) | 750,000 | 703,725 |
5.30%, 12/01/45 | 350,000 | 326,438 |
4.34%, 01/09/48 | 500,000 | 412,730 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 244,988 |
3.40%, 08/17/27 | 250,000 | 237,555 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.76%, 07/26/23 | 750,000 | 749,482 |
3.41%, 03/07/24 | 500,000 | 496,570 |
2.80%, 07/18/24 | 300,000 | 292,512 |
0.85%, 09/15/24 (a)(b) | 750,000 | 722,992 |
2.19%, 02/25/25 | 850,000 | 807,959 |
3.78%, 03/02/25 | 350,000 | 347,715 |
1.41%, 07/17/25 | 600,000 | 552,114 |
0.95%, 07/19/25 (a)(b) | 700,000 | 654,094 |
0.96%, 10/11/25 (a)(b) | 400,000 | 370,940 |
3.85%, 03/01/26 | 750,000 | 737,812 |
2.76%, 09/13/26 | 200,000 | 187,322 |
3.68%, 02/22/27 | 300,000 | 290,745 |
1.54%, 07/20/27 (a)(b) | 500,000 | 441,740 |
3.29%, 07/25/27 | 550,000 | 521,279 |
2.34%, 01/19/28 (a)(b) | 400,000 | 361,620 |
3.96%, 03/02/28 | 250,000 | 241,635 |
3.74%, 03/07/29 | 700,000 | 660,338 |
3.20%, 07/18/29 | 650,000 | 587,301 |
2.56%, 02/25/30 | 400,000 | 343,596 |
2.05%, 07/17/30 | 550,000 | 449,427 |
2.31%, 07/20/32 (a)(b) | 500,000 | 407,830 |
2.85%, 01/19/33 (a)(b) | 400,000 | 340,388 |
4.32%, 04/19/33 (a)(b) | 200,000 | 192,480 |
4.29%, 07/26/38 | 200,000 | 185,994 |
4.15%, 03/07/39 | 150,000 | 137,889 |
3.75%, 07/18/39 | 500,000 | 435,925 |
Mizuho Financial Group, Inc. | ||
1.24%, 07/10/24 (a)(b) | 400,000 | 389,016 |
0.85%, 09/08/24 (a)(b) | 250,000 | 240,523 |
3.92%, 09/11/24 (a)(b) | 250,000 | 249,625 |
2.56%, 09/13/25 (a)(b) | 200,000 | 191,904 |
2.23%, 05/25/26 (a)(b) | 400,000 | 374,584 |
3.66%, 02/28/27 | 200,000 | 191,584 |
1.23%, 05/22/27 (a)(b) | 250,000 | 218,713 |
1.55%, 07/09/27 (a)(b) | 250,000 | 220,023 |
3.17%, 09/11/27 | 700,000 | 650,650 |
4.02%, 03/05/28 | 300,000 | 287,691 |
4.25%, 09/11/29 (a)(b) | 550,000 | 530,491 |
3.15%, 07/16/30 (a)(b) | 250,000 | 222,780 |
2.87%, 09/13/30 (a)(b) | 200,000 | 174,288 |
2.59%, 05/25/31 (a)(b) | 350,000 | 294,431 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.20%, 07/10/31 (a)(b) | 250,000 | 203,570 |
1.98%, 09/08/31 (a)(b) | 400,000 | 317,700 |
2.56%, 09/13/31 | 200,000 | 160,414 |
2.26%, 07/09/32 (a)(b) | 250,000 | 199,805 |
Morgan Stanley | ||
3.88%, 04/29/24 | 950,000 | 952,945 |
3.70%, 10/23/24 | 950,000 | 948,299 |
0.79%, 01/22/25 (a)(b) | 250,000 | 236,630 |
3.62%, 04/17/25 (a)(b) | 600,000 | 592,878 |
0.79%, 05/30/25 (a)(b) | 1,100,000 | 1,025,013 |
2.72%, 07/22/25 (a)(b) | 490,000 | 472,997 |
4.00%, 07/23/25 | 1,000,000 | 1,000,590 |
0.86%, 10/21/25 (a)(b) | 400,000 | 369,288 |
1.16%, 10/21/25 (a)(b) | 500,000 | 463,890 |
5.00%, 11/24/25 | 750,000 | 763,732 |
3.88%, 01/27/26 | 1,050,000 | 1,036,255 |
2.63%, 02/18/26 (a)(b) | 500,000 | 478,430 |
2.19%, 04/28/26 (a)(b) | 750,000 | 703,882 |
3.13%, 07/27/26 | 1,000,000 | 954,690 |
6.25%, 08/09/26 | 200,000 | 213,240 |
4.35%, 09/08/26 | 750,000 | 743,062 |
0.99%, 12/10/26 (a)(b) | 700,000 | 621,124 |
3.63%, 01/20/27 | 1,150,000 | 1,116,914 |
3.95%, 04/23/27 | 650,000 | 630,799 |
1.59%, 05/04/27 (a)(b) | 750,000 | 669,240 |
1.51%, 07/20/27 (a)(b) | 1,000,000 | 879,770 |
2.48%, 01/21/28 (a)(b) | 750,000 | 683,070 |
4.21%, 04/20/28 (a)(b) | 750,000 | 734,145 |
3.59%, 07/22/28 (a)(b) | 1,100,000 | 1,042,558 |
3.77%, 01/24/29 (a)(b) | 850,000 | 809,234 |
4.43%, 01/23/30 (a)(b) | 1,100,000 | 1,069,233 |
2.70%, 01/22/31 (a)(b) | 1,150,000 | 997,705 |
3.62%, 04/01/31 (a)(b) | 1,000,000 | 920,120 |
1.79%, 02/13/32 (a)(b) | 450,000 | 355,091 |
7.25%, 04/01/32 | 300,000 | 354,657 |
1.93%, 04/28/32 (a)(b) | 600,000 | 476,268 |
2.24%, 07/21/32 (a)(b) | 1,250,000 | 1,016,087 |
2.51%, 10/20/32 (a)(b) | 750,000 | 621,525 |
2.94%, 01/21/33 (a)(b) | 750,000 | 643,455 |
2.48%, 09/16/36 (a)(b) | 900,000 | 692,226 |
5.30%, 04/20/37 (a)(b) | 400,000 | 388,468 |
3.97%, 07/22/38 (a)(b) | 600,000 | 538,854 |
4.46%, 04/22/39 (a)(b) | 250,000 | 234,728 |
3.22%, 04/22/42 (a)(b) | 700,000 | 551,754 |
6.38%, 07/24/42 | 700,000 | 803,614 |
4.30%, 01/27/45 | 850,000 | 766,130 |
4.38%, 01/22/47 | 750,000 | 683,490 |
5.60%, 03/24/51 (a)(b) | 500,000 | 542,240 |
2.80%, 01/25/52 (a)(b) | 450,000 | 312,953 |
National Australia Bank Ltd. | ||
3.38%, 01/14/26 | 250,000 | 245,948 |
2.50%, 07/12/26 | 250,000 | 235,878 |
3.91%, 06/09/27 | 500,000 | 494,270 |
National Bank of Canada | ||
0.55%, 11/15/24 (a)(b) | 250,000 | 238,630 |
3.75%, 06/09/25 (a)(b) | 250,000 | 248,213 |
Natwest Group PLC | ||
3.88%, 09/12/23 | 750,000 | 748,147 |
6.00%, 12/19/23 | 400,000 | 407,560 |
5.13%, 05/28/24 | 400,000 | 401,776 |
4.27%, 03/22/25 (a)(b) | 700,000 | 693,238 |
4.80%, 04/05/26 | 600,000 | 598,392 |
1.64%, 06/14/27 (a)(b) | 250,000 | 219,633 |
3.07%, 05/22/28 (a)(b) | 300,000 | 273,075 |
5.52%, 09/30/28 (a)(b) | 300,000 | 302,622 |
4.89%, 05/18/29 (a)(b) | 550,000 | 533,621 |
3.75%, 11/01/29 (a)(b) | 200,000 | 192,100 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.08%, 01/27/30 (a)(b) | 550,000 | 539,247 |
4.45%, 05/08/30 (a)(b) | 300,000 | 283,641 |
3.03%, 11/28/35 (a)(b) | 250,000 | 201,565 |
New York Community Bancorp, Inc. | ||
5.90%, 11/06/28 (a)(b) | 200,000 | 202,504 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 300,000 | 301,410 |
4.00%, 05/10/27 (a) | 150,000 | 151,142 |
3.65%, 08/03/28 (a) | 250,000 | 244,835 |
3.15%, 05/03/29 (a) | 150,000 | 140,915 |
1.95%, 05/01/30 (a) | 250,000 | 212,583 |
PNC Bank NA | ||
3.80%, 07/25/23 (a) | 250,000 | 251,283 |
2.50%, 08/27/24 (a) | 250,000 | 243,720 |
3.30%, 10/30/24 (a) | 250,000 | 247,978 |
3.88%, 04/10/25 (a) | 250,000 | 247,918 |
3.25%, 06/01/25 (a) | 500,000 | 492,950 |
3.10%, 10/25/27 (a) | 300,000 | 285,294 |
3.25%, 01/22/28 (a) | 250,000 | 238,400 |
4.05%, 07/26/28 | 550,000 | 532,647 |
2.70%, 10/22/29 | 300,000 | 261,522 |
PNC Financial Services Group, Inc. | ||
3.50%, 01/23/24 (a) | 350,000 | 350,221 |
3.90%, 04/29/24 (a) | 100,000 | 100,563 |
2.20%, 11/01/24 (a) | 300,000 | 291,054 |
2.60%, 07/23/26 (a) | 400,000 | 378,748 |
3.15%, 05/19/27 (a) | 100,000 | 95,469 |
3.45%, 04/23/29 (a) | 500,000 | 467,595 |
2.55%, 01/22/30 (a) | 700,000 | 609,546 |
2.31%, 04/23/32 (a)(b) | 300,000 | 251,286 |
Regions Bank | ||
6.45%, 06/26/37 | 250,000 | 281,183 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 250,000 | 238,695 |
1.80%, 08/12/28 (a) | 250,000 | 213,228 |
Royal Bank of Canada | ||
3.70%, 10/05/23 | 650,000 | 654,335 |
0.50%, 10/26/23 | 425,000 | 411,200 |
0.43%, 01/19/24 | 550,000 | 526,872 |
2.55%, 07/16/24 | 500,000 | 488,860 |
0.75%, 10/07/24 | 200,000 | 186,734 |
2.25%, 11/01/24 | 650,000 | 628,634 |
1.60%, 01/21/25 | 200,000 | 189,524 |
3.38%, 04/14/25 | 400,000 | 394,876 |
1.15%, 06/10/25 | 200,000 | 185,064 |
0.88%, 01/20/26 | 650,000 | 583,141 |
4.65%, 01/27/26 | 700,000 | 707,994 |
1.20%, 04/27/26 | 350,000 | 314,703 |
1.15%, 07/14/26 | 300,000 | 267,888 |
1.40%, 11/02/26 | 200,000 | 177,758 |
3.63%, 05/04/27 | 400,000 | 389,136 |
2.30%, 11/03/31 | 500,000 | 417,345 |
3.88%, 05/04/32 | 250,000 | 238,355 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 250,000 | 245,678 |
3.45%, 06/02/25 (a) | 250,000 | 241,113 |
4.50%, 07/17/25 (a) | 600,000 | 598,386 |
3.24%, 10/05/26 (a)(c) | 350,000 | 328,395 |
4.40%, 07/13/27 (a) | 400,000 | 385,600 |
Santander UK Group Holdings PLC | ||
1.09%, 03/15/25 (a)(b) | 500,000 | 467,400 |
1.53%, 08/21/26 (a)(b) | 450,000 | 403,290 |
1.67%, 06/14/27 (a)(b) | 200,000 | 174,942 |
2.47%, 01/11/28 (a)(b) | 400,000 | 355,016 |
3.82%, 11/03/28 (a)(b) | 200,000 | 186,038 |
2.90%, 03/15/32 (a)(b) | 300,000 | 250,038 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Santander UK PLC | ||
4.00%, 03/13/24 | 400,000 | 400,680 |
2.88%, 06/18/24 | 100,000 | 97,634 |
Signature Bank | ||
4.00%, 10/15/30 (a)(b) | 150,000 | 143,747 |
State Street Corp. | ||
3.70%, 11/20/23 | 200,000 | 201,668 |
3.78%, 12/03/24 (a)(b) | 250,000 | 249,833 |
3.30%, 12/16/24 | 400,000 | 399,016 |
3.55%, 08/18/25 | 571,000 | 568,522 |
2.35%, 11/01/25 (a)(b) | 450,000 | 433,170 |
2.90%, 03/30/26 (a)(b) | 100,000 | 97,033 |
2.65%, 05/19/26 | 450,000 | 430,888 |
4.14%, 12/03/29 (a)(b) | 300,000 | 294,126 |
2.40%, 01/24/30 | 250,000 | 218,418 |
2.20%, 03/03/31 | 200,000 | 163,582 |
2.62%, 02/07/33 (a)(b) | 150,000 | 128,090 |
4.42%, 05/13/33 (a)(b) | 150,000 | 147,903 |
Sumitomo Mitsui Banking Corp. | ||
3.95%, 01/10/24 | 250,000 | 251,083 |
3.40%, 07/11/24 | 250,000 | 247,783 |
3.65%, 07/23/25 | 250,000 | 246,488 |
Sumitomo Mitsui Financial Group, Inc. | ||
3.75%, 07/19/23 | 250,000 | 250,995 |
3.94%, 10/16/23 | 250,000 | 251,520 |
2.70%, 07/16/24 | 600,000 | 584,718 |
2.45%, 09/27/24 | 350,000 | 337,764 |
2.35%, 01/15/25 | 450,000 | 430,762 |
1.47%, 07/08/25 | 750,000 | 691,035 |
3.78%, 03/09/26 | 750,000 | 737,535 |
2.63%, 07/14/26 | 800,000 | 748,664 |
1.40%, 09/17/26 | 500,000 | 442,705 |
3.01%, 10/19/26 | 600,000 | 568,416 |
3.45%, 01/11/27 | 300,000 | 288,171 |
2.17%, 01/14/27 | 200,000 | 181,534 |
3.36%, 07/12/27 | 600,000 | 571,578 |
3.54%, 01/17/28 | 300,000 | 285,090 |
3.94%, 07/19/28 | 150,000 | 144,269 |
1.90%, 09/17/28 | 700,000 | 594,720 |
4.31%, 10/16/28 | 250,000 | 244,993 |
3.04%, 07/16/29 | 950,000 | 847,400 |
2.72%, 09/27/29 | 200,000 | 175,072 |
2.75%, 01/15/30 | 450,000 | 392,620 |
2.13%, 07/08/30 | 450,000 | 371,268 |
2.14%, 09/23/30 | 350,000 | 280,805 |
2.22%, 09/17/31 | 350,000 | 283,791 |
2.30%, 01/12/41 | 300,000 | 205,641 |
2.93%, 09/17/41 | 250,000 | 184,310 |
SVB Financial Group | ||
3.50%, 01/29/25 | 100,000 | 98,111 |
3.13%, 06/05/30 (a) | 250,000 | 216,085 |
1.80%, 02/02/31 (a) | 350,000 | 270,113 |
4.57%, 04/29/33 (a)(b) | 150,000 | 140,714 |
Svenska Handelsbanken AB | ||
3.90%, 11/20/23 | 400,000 | 402,048 |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 158,000 | 157,077 |
4.25%, 08/15/24 (a) | 250,000 | 248,915 |
3.70%, 08/04/26 (a) | 450,000 | 417,258 |
3.95%, 12/01/27 (a) | 450,000 | 410,035 |
5.15%, 03/19/29 (a) | 450,000 | 421,600 |
Toronto-Dominion Bank | ||
3.50%, 07/19/23 | 600,000 | 601,968 |
0.45%, 09/11/23 | 500,000 | 484,170 |
0.55%, 03/04/24 | 150,000 | 142,823 |
3.25%, 03/11/24 | 400,000 | 397,352 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.65%, 06/12/24 | 500,000 | 490,775 |
0.70%, 09/10/24 | 300,000 | 281,775 |
1.45%, 01/10/25 | 200,000 | 189,460 |
1.15%, 06/12/25 | 400,000 | 369,432 |
0.75%, 09/11/25 | 525,000 | 474,180 |
0.75%, 01/06/26 | 375,000 | 335,569 |
1.20%, 06/03/26 | 500,000 | 447,640 |
1.25%, 09/10/26 | 500,000 | 444,035 |
1.95%, 01/12/27 | 250,000 | 226,058 |
2.80%, 03/10/27 | 350,000 | 328,146 |
4.11%, 06/08/27 | 500,000 | 494,985 |
2.00%, 09/10/31 | 300,000 | 244,389 |
3.63%, 09/15/31 (a)(b) | 450,000 | 433,575 |
2.45%, 01/12/32 | 225,000 | 188,692 |
3.20%, 03/10/32 | 500,000 | 446,480 |
4.46%, 06/08/32 | 600,000 | 593,772 |
Truist Bank | ||
3.20%, 04/01/24 (a) | 350,000 | 348,733 |
3.69%, 08/02/24 (a)(b) | 350,000 | 349,962 |
1.50%, 03/10/25 (a) | 400,000 | 377,800 |
3.63%, 09/16/25 (a) | 750,000 | 736,492 |
4.05%, 11/03/25 (a) | 350,000 | 352,118 |
3.80%, 10/30/26 (a) | 250,000 | 244,345 |
2.25%, 03/11/30 (a) | 600,000 | 503,328 |
Truist Financial Corp. | ||
3.75%, 12/06/23 (a) | 400,000 | 402,736 |
2.50%, 08/01/24 (a) | 160,000 | 156,264 |
2.85%, 10/26/24 (a) | 100,000 | 98,059 |
4.00%, 05/01/25 (a) | 500,000 | 501,365 |
3.70%, 06/05/25 (a) | 230,000 | 229,200 |
1.20%, 08/05/25 (a) | 400,000 | 368,468 |
1.13%, 08/03/27 (a) | 500,000 | 429,360 |
4.12%, 06/06/28 (a)(b) | 300,000 | 296,322 |
3.88%, 03/19/29 (a) | 200,000 | 189,672 |
1.89%, 06/07/29 (a)(b) | 350,000 | 301,287 |
US Bancorp | ||
3.70%, 01/30/24 (a) | 250,000 | 251,405 |
3.38%, 02/05/24 (a) | 450,000 | 451,012 |
2.40%, 07/30/24 (a) | 400,000 | 390,644 |
3.60%, 09/11/24 (a) | 500,000 | 499,170 |
1.45%, 05/12/25 (a) | 500,000 | 469,805 |
3.95%, 11/17/25 (a) | 300,000 | 301,716 |
3.10%, 04/27/26 (a) | 100,000 | 96,527 |
2.38%, 07/22/26 (a) | 400,000 | 377,548 |
3.15%, 04/27/27 (a) | 750,000 | 722,347 |
3.90%, 04/26/28 (a) | 450,000 | 445,221 |
1.38%, 07/22/30 (a) | 450,000 | 359,145 |
2.68%, 01/27/33 (a)(b) | 250,000 | 215,983 |
2.49%, 11/03/36 (a)(b) | 400,000 | 327,176 |
US Bank NA | ||
2.05%, 01/21/25 (a) | 300,000 | 288,078 |
2.80%, 01/27/25 (a) | 500,000 | 488,970 |
Valley National Bancorp | ||
3.00%, 06/15/31 (a)(b) | 150,000 | 135,594 |
Wachovia Corp. | ||
5.50%, 08/01/35 | 100,000 | 102,188 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 100,000 | 95,032 |
Wells Fargo & Co. | ||
4.48%, 01/16/24 | 350,000 | 354,263 |
3.75%, 01/24/24 (a) | 1,000,000 | 1,002,080 |
3.30%, 09/09/24 | 750,000 | 741,517 |
3.00%, 02/19/25 | 900,000 | 880,605 |
3.55%, 09/29/25 | 900,000 | 884,466 |
2.41%, 10/30/25 (a)(b) | 1,000,000 | 954,280 |
2.16%, 02/11/26 (a)(b) | 1,000,000 | 941,870 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 04/22/26 | 1,250,000 | 1,191,487 |
3.91%, 04/25/26 (a)(b) | 800,000 | 787,544 |
2.19%, 04/30/26 (a)(b) | 1,000,000 | 938,110 |
4.10%, 06/03/26 | 800,000 | 786,688 |
7.57%, 08/01/26 | 200,000 | 220,166 |
3.00%, 10/23/26 | 1,200,000 | 1,133,304 |
3.20%, 06/17/27 (a)(b) | 750,000 | 711,802 |
4.30%, 07/22/27 | 800,000 | 791,120 |
3.53%, 03/24/28 (a)(b) | 500,000 | 474,595 |
3.58%, 05/22/28 (a)(b) | 950,000 | 901,113 |
2.39%, 06/02/28 (a)(b) | 750,000 | 672,315 |
4.15%, 01/24/29 (a) | 750,000 | 726,210 |
7.95%, 11/15/29 | 100,000 | 116,069 |
2.88%, 10/30/30 (a)(b) | 1,200,000 | 1,056,972 |
2.57%, 02/11/31 (a)(b) | 1,050,000 | 903,441 |
4.48%, 04/04/31 (a)(b) | 950,000 | 930,145 |
3.35%, 03/02/33 (a)(b) | 1,000,000 | 889,430 |
5.38%, 02/07/35 | 100,000 | 103,926 |
3.07%, 04/30/41 (a)(b) | 1,050,000 | 819,252 |
5.38%, 11/02/43 | 600,000 | 592,560 |
5.61%, 01/15/44 | 775,000 | 781,626 |
4.65%, 11/04/44 | 600,000 | 541,170 |
3.90%, 05/01/45 | 750,000 | 633,862 |
4.90%, 11/17/45 | 600,000 | 556,878 |
4.40%, 06/14/46 | 650,000 | 567,495 |
4.75%, 12/07/46 | 650,000 | 594,379 |
5.01%, 04/04/51 (a)(b) | 1,600,000 | 1,572,800 |
4.61%, 04/25/53 (a)(b) | 850,000 | 787,822 |
5.95%, 12/01/86 | 100,000 | 101,983 |
Wells Fargo Bank NA | ||
5.95%, 08/26/36 | 275,000 | 296,714 |
5.85%, 02/01/37 | 250,000 | 267,250 |
6.60%, 01/15/38 | 450,000 | 520,258 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 150,000 | 135,053 |
Westpac Banking Corp. | ||
3.30%, 02/26/24 | 250,000 | 249,438 |
1.02%, 11/18/24 | 300,000 | 282,381 |
2.35%, 02/19/25 | 400,000 | 386,756 |
2.85%, 05/13/26 | 800,000 | 768,280 |
1.15%, 06/03/26 | 400,000 | 359,260 |
2.70%, 08/19/26 | 550,000 | 523,259 |
3.35%, 03/08/27 | 550,000 | 533,049 |
3.40%, 01/25/28 | 300,000 | 288,186 |
1.95%, 11/20/28 | 150,000 | 130,868 |
2.65%, 01/16/30 | 250,000 | 222,580 |
2.89%, 02/04/30 (a)(b) | 400,000 | 379,320 |
2.15%, 06/03/31 | 250,000 | 210,120 |
4.32%, 11/23/31 (a)(b) | 550,000 | 530,068 |
4.11%, 07/24/34 (a)(b) | 600,000 | 549,972 |
2.67%, 11/15/35 (a)(b) | 200,000 | 160,748 |
3.02%, 11/18/36 (a)(b) | 250,000 | 202,028 |
4.42%, 07/24/39 | 400,000 | 360,068 |
2.96%, 11/16/40 | 400,000 | 290,732 |
3.13%, 11/18/41 | 300,000 | 221,481 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 300,000 | 262,452 |
407,908,158 | ||
Brokerage/Asset Managers/Exchanges 0.4% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 125,000 | 125,896 |
3.30%, 06/15/30 (a) | 250,000 | 225,737 |
Ameriprise Financial, Inc. | ||
4.00%, 10/15/23 | 250,000 | 251,592 |
3.70%, 10/15/24 | 275,000 | 275,162 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 04/02/25 (a) | 150,000 | 146,763 |
2.88%, 09/15/26 (a) | 150,000 | 143,552 |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 250,000 | 250,402 |
3.75%, 10/01/24 (a) | 50,000 | 48,798 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 400,000 | 402,300 |
3.20%, 03/15/27 | 200,000 | 196,442 |
3.25%, 04/30/29 (a) | 500,000 | 472,640 |
2.40%, 04/30/30 (a) | 250,000 | 219,218 |
1.90%, 01/28/31 (a) | 500,000 | 414,940 |
Brookfield Asset Management, Inc. | ||
4.00%, 01/15/25 (a) | 150,000 | 149,073 |
Brookfield Finance LLC | ||
3.45%, 04/15/50 (a) | 200,000 | 143,182 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 250,000 | 249,502 |
3.90%, 01/25/28 (a) | 500,000 | 478,630 |
4.85%, 03/29/29 (a) | 350,000 | 346,769 |
4.35%, 04/15/30 (a) | 350,000 | 334,687 |
4.70%, 09/20/47 (a) | 350,000 | 307,723 |
3.50%, 03/30/51 (a) | 250,000 | 181,835 |
3.63%, 02/15/52 (a) | 100,000 | 73,708 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 250,000 | 244,297 |
1.63%, 12/15/30 (a) | 50,000 | 40,272 |
3.00%, 03/16/32 (a) | 100,000 | 89,587 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 350,000 | 272,867 |
4.10%, 06/15/51 (a) | 300,000 | 200,850 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 197,716 |
3.75%, 06/15/28 (a) | 250,000 | 246,885 |
5.30%, 09/15/43 (a) | 300,000 | 326,076 |
4.15%, 06/15/48 (a) | 250,000 | 240,777 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 100,000 | 96,501 |
4.50%, 06/20/28 (a) | 150,000 | 150,005 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 123,000 | 118,290 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 150,000 | 146,033 |
1.60%, 10/30/30 (a) | 300,000 | 235,785 |
2.95%, 08/12/51 (a) | 100,000 | 69,305 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 (a) | 350,000 | 347,854 |
3.75%, 12/01/25 (a) | 250,000 | 248,105 |
3.10%, 09/15/27 (a) | 250,000 | 236,297 |
4.00%, 09/15/27 (a) | 450,000 | 443,020 |
3.75%, 09/21/28 (a) | 200,000 | 192,404 |
4.35%, 06/15/29 (a) | 300,000 | 296,271 |
2.10%, 06/15/30 (a) | 450,000 | 377,253 |
1.85%, 09/15/32 (a) | 500,000 | 391,960 |
4.60%, 03/15/33 (a) | 475,000 | 472,525 |
2.65%, 09/15/40 (a) | 250,000 | 183,733 |
4.25%, 09/21/48 (a) | 400,000 | 357,676 |
3.00%, 06/15/50 (a) | 400,000 | 292,276 |
4.95%, 06/15/52 (a) | 475,000 | 467,937 |
3.00%, 09/15/60 (a) | 550,000 | 373,120 |
5.20%, 06/15/62 (a) | 300,000 | 299,919 |
Invesco Finance PLC | ||
4.00%, 01/30/24 | 50,000 | 50,064 |
3.75%, 01/15/26 | 350,000 | 345,856 |
5.38%, 11/30/43 | 100,000 | 100,541 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25 (a) | 150,000 | 151,364 |
Jefferies Group LLC | ||
6.45%, 06/08/27 | 200,000 | 213,828 |
6.25%, 01/15/36 | 225,000 | 223,655 |
6.50%, 01/20/43 | 175,000 | 176,234 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 300,000 | 299,307 |
4.15%, 01/23/30 | 300,000 | 269,316 |
2.63%, 10/15/31 (a) | 300,000 | 231,426 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 50,000 | 49,077 |
3.63%, 03/01/27 (a) | 200,000 | 189,612 |
4.50%, 09/19/28 (a) | 175,000 | 168,207 |
4.38%, 03/11/29 (a) | 150,000 | 143,300 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 150,000 | 153,833 |
5.63%, 01/15/44 | 176,000 | 181,359 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 250,000 | 248,617 |
2.50%, 12/21/40 (a) | 350,000 | 242,329 |
3.25%, 04/28/50 (a) | 300,000 | 218,985 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 500,000 | 474,550 |
1.85%, 07/16/25 | 500,000 | 460,525 |
1.65%, 07/14/26 | 500,000 | 439,085 |
2.33%, 01/22/27 | 400,000 | 354,164 |
2.17%, 07/14/28 | 400,000 | 337,640 |
3.10%, 01/16/30 | 500,000 | 425,790 |
2.68%, 07/16/30 | 350,000 | 287,458 |
2.61%, 07/14/31 | 200,000 | 159,590 |
3.00%, 01/22/32 | 200,000 | 162,508 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 200,000 | 197,368 |
4.95%, 07/15/46 | 300,000 | 293,121 |
3.75%, 04/01/51 (a) | 200,000 | 164,046 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 100,453 |
4.00%, 05/15/30 (a) | 200,000 | 185,606 |
The Charles Schwab Corp. | ||
3.55%, 02/01/24 (a)(d) | 150,000 | 150,330 |
0.75%, 03/18/24 (a)(d) | 450,000 | 431,635 |
3.75%, 04/01/24 (a)(d) | 80,000 | 80,572 |
3.00%, 03/10/25 (a)(d) | 100,000 | 98,564 |
4.20%, 03/24/25 (a)(d) | 150,000 | 152,426 |
3.63%, 04/01/25 (a)(d) | 100,000 | 99,898 |
3.85%, 05/21/25 (a)(d) | 175,000 | 175,807 |
3.45%, 02/13/26 (a)(d) | 100,000 | 99,167 |
0.90%, 03/11/26 (a)(d) | 375,000 | 337,436 |
1.15%, 05/13/26 (a)(d) | 250,000 | 225,840 |
3.20%, 03/02/27 (a)(d) | 175,000 | 169,425 |
2.45%, 03/03/27 (a)(d) | 450,000 | 420,430 |
3.30%, 04/01/27 (a)(d) | 175,000 | 170,053 |
3.20%, 01/25/28 (a)(d) | 200,000 | 191,466 |
2.00%, 03/20/28 (a)(d) | 350,000 | 312,896 |
4.00%, 02/01/29 (a)(d) | 150,000 | 147,782 |
3.25%, 05/22/29 (a)(d) | 150,000 | 139,760 |
2.75%, 10/01/29 (a)(d) | 125,000 | 112,719 |
4.63%, 03/22/30 (a)(d) | 150,000 | 152,054 |
1.65%, 03/11/31 (a)(d) | 200,000 | 160,872 |
2.30%, 05/13/31 (a)(d) | 200,000 | 169,406 |
1.95%, 12/01/31 (a)(d) | 250,000 | 202,910 |
2.90%, 03/03/32 (a)(d) | 300,000 | 264,312 |
25,258,721 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Finance Companies 0.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.13%, 07/03/23 (a) | 150,000 | 148,881 |
4.50%, 09/15/23 (a) | 500,000 | 498,885 |
1.15%, 10/29/23 | 500,000 | 477,520 |
4.88%, 01/16/24 (a) | 250,000 | 249,675 |
3.15%, 02/15/24 (a) | 200,000 | 194,490 |
2.88%, 08/14/24 (a) | 300,000 | 287,739 |
1.65%, 10/29/24 (a) | 1,000,000 | 926,170 |
1.75%, 10/29/24 (a) | 350,000 | 324,863 |
3.50%, 01/15/25 (a) | 300,000 | 287,994 |
6.50%, 07/15/25 (a) | 350,000 | 358,379 |
4.45%, 10/01/25 (a) | 150,000 | 145,526 |
1.75%, 01/30/26 (a) | 300,000 | 261,945 |
4.45%, 04/03/26 (a) | 250,000 | 239,830 |
2.45%, 10/29/26 (a) | 750,000 | 653,527 |
3.65%, 07/21/27 (a) | 450,000 | 407,889 |
4.63%, 10/15/27 (a) | 150,000 | 141,482 |
3.88%, 01/23/28 (a) | 200,000 | 180,766 |
3.00%, 10/29/28 (a) | 1,150,000 | 968,127 |
3.30%, 01/30/32 (a) | 1,175,000 | 937,192 |
3.40%, 10/29/33 (a) | 500,000 | 394,690 |
3.85%, 10/29/41 (a) | 500,000 | 360,065 |
Air Lease Corp. | ||
3.88%, 07/03/23 (a) | 175,000 | 174,668 |
3.00%, 09/15/23 (a) | 300,000 | 295,884 |
0.70%, 02/15/24 (a) | 250,000 | 236,165 |
4.25%, 09/15/24 (a) | 400,000 | 393,112 |
2.30%, 02/01/25 (a) | 250,000 | 234,440 |
3.25%, 03/01/25 (a) | 200,000 | 191,338 |
3.38%, 07/01/25 (a) | 100,000 | 94,314 |
2.88%, 01/15/26 (a) | 200,000 | 183,738 |
3.75%, 06/01/26 (a) | 250,000 | 235,432 |
1.88%, 08/15/26 (a) | 200,000 | 173,168 |
3.63%, 04/01/27 (a) | 400,000 | 370,644 |
3.63%, 12/01/27 (a) | 449,000 | 400,719 |
2.10%, 09/01/28 (a) | 200,000 | 162,596 |
4.63%, 10/01/28 (a) | 200,000 | 185,130 |
3.25%, 10/01/29 (a) | 250,000 | 209,147 |
3.00%, 02/01/30 (a) | 350,000 | 284,938 |
3.13%, 12/01/30 (a) | 100,000 | 81,691 |
2.88%, 01/15/32 (a) | 250,000 | 195,130 |
Aircastle Ltd. | ||
4.40%, 09/25/23 (a) | 200,000 | 198,072 |
4.13%, 05/01/24 (a) | 200,000 | 194,916 |
4.25%, 06/15/26 (a) | 200,000 | 184,656 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 300,000 | 294,999 |
4.25%, 03/01/25 (a) | 100,000 | 95,637 |
3.25%, 07/15/25 (a) | 350,000 | 323,949 |
3.88%, 01/15/26 (a) | 500,000 | 461,370 |
2.15%, 07/15/26 (a) | 300,000 | 252,549 |
2.88%, 06/15/27 (a) | 250,000 | 209,257 |
2.88%, 06/15/28 (a) | 250,000 | 199,517 |
3.20%, 11/15/31 (a) | 250,000 | 182,453 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 250,000 | 223,960 |
Blackstone Private Credit Fund | ||
2.35%, 11/22/24 (c) | 150,000 | 137,738 |
2.70%, 01/15/25 (a)(c) | 200,000 | 182,600 |
4.70%, 03/24/25 (c) | 200,000 | 192,788 |
2.63%, 12/15/26 (a)(c) | 300,000 | 250,725 |
3.25%, 03/15/27 (a)(c) | 350,000 | 297,279 |
4.00%, 01/15/29 (a)(c) | 300,000 | 246,333 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 275,000 | 252,505 |
2.75%, 09/16/26 (a) | 200,000 | 175,204 |
2.13%, 02/15/27 (a) | 250,000 | 209,313 |
2.85%, 09/30/28 (a) | 250,000 | 201,854 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 200,000 | 196,632 |
4.13%, 02/01/25 (a) | 400,000 | 380,328 |
3.40%, 01/15/26 (a) | 350,000 | 311,157 |
3.13%, 10/12/28 (a) | 250,000 | 199,592 |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 100,000 | 100,797 |
3.85%, 03/30/27 (a) | 200,000 | 194,246 |
3.50%, 03/15/28 (a) | 100,000 | 93,780 |
4.55%, 11/07/28 (a) | 350,000 | 343,504 |
4.70%, 04/01/29 (a) | 255,000 | 249,250 |
5.20%, 03/15/44 (a) | 150,000 | 143,937 |
3.10%, 06/01/51 (a) | 150,000 | 101,052 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 150,000 | 145,425 |
2.88%, 01/15/26 (a) | 150,000 | 135,695 |
Golub Capital BDC, Inc. | ||
3.38%, 04/15/24 (a) | 150,000 | 144,980 |
2.50%, 08/24/26 (a) | 200,000 | 167,608 |
2.05%, 02/15/27 (a) | 150,000 | 122,064 |
Hercules Capital, Inc. | ||
3.38%, 01/20/27 (a) | 200,000 | 174,518 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 200,000 | 199,392 |
3.00%, 07/14/26 (a) | 150,000 | 131,213 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a)(c) | 150,000 | 136,565 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 100,000 | 95,011 |
2.70%, 01/15/27 (a) | 100,000 | 86,610 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 150,000 | 150,005 |
4.00%, 03/30/25 (a) | 250,000 | 236,422 |
4.25%, 01/15/26 (a) | 250,000 | 230,262 |
3.40%, 07/15/26 (a) | 450,000 | 397,066 |
2.63%, 01/15/27 (a) | 150,000 | 125,232 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a)(c) | 100,000 | 86,366 |
4.70%, 02/08/27 (a)(c) | 200,000 | 183,294 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 100,000 | 85,242 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 150,000 | 133,766 |
3.36%, 11/15/26 (a) | 100,000 | 84,908 |
3.44%, 10/15/28 (a) | 100,000 | 76,746 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 100,000 | 87,635 |
23,245,863 | ||
Financial Other 0.0% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 125,000 | 109,645 |
ORIX Corp. | ||
4.05%, 01/16/24 | 150,000 | 150,597 |
3.25%, 12/04/24 | 250,000 | 245,983 |
3.70%, 07/18/27 | 143,000 | 139,252 |
2.25%, 03/09/31 (e) | 190,000 | 159,803 |
805,280 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Insurance 1.0% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 200,000 | 256,468 |
Ace INA Holdings, Inc. | ||
3.15%, 03/15/25 | 400,000 | 392,932 |
3.35%, 05/03/26 (a) | 500,000 | 489,050 |
Aegon N.V. | ||
5.50%, 04/11/48 (a)(b) | 250,000 | 240,775 |
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 300,000 | 296,829 |
6.63%, 06/15/36 | 300,000 | 339,723 |
6.75%, 12/15/37 | 150,000 | 171,038 |
4.50%, 05/15/42 (a) | 200,000 | 180,988 |
4.13%, 11/15/42 (a) | 150,000 | 128,676 |
4.75%, 03/15/44 (a) | 200,000 | 184,546 |
3.88%, 08/15/47 (a) | 150,000 | 124,193 |
Aflac, Inc. | ||
3.63%, 11/15/24 | 150,000 | 150,476 |
3.25%, 03/17/25 | 200,000 | 197,590 |
1.13%, 03/15/26 (a) | 200,000 | 180,904 |
3.60%, 04/01/30 (a) | 350,000 | 331,562 |
4.00%, 10/15/46 (a) | 150,000 | 129,839 |
4.75%, 01/15/49 (a) | 150,000 | 145,214 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 200,000 | 187,644 |
3.25%, 08/15/51 (a) | 200,000 | 148,550 |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 200,000 | 196,564 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 250,000 | 225,187 |
3.28%, 12/15/26 (a) | 250,000 | 246,932 |
1.45%, 12/15/30 (a) | 150,000 | 119,319 |
5.35%, 06/01/33 | 79,000 | 83,709 |
5.55%, 05/09/35 | 200,000 | 217,480 |
4.50%, 06/15/43 | 250,000 | 235,385 |
4.20%, 12/15/46 (a) | 276,000 | 252,223 |
3.85%, 08/10/49 (a) | 150,000 | 129,026 |
6.50%, 05/15/67 (a)(b) | 100,000 | 102,498 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 98,579 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 100,000 | 100,370 |
4.50%, 06/15/47 (a) | 200,000 | 169,100 |
American International Group, Inc. | ||
4.13%, 02/15/24 | 200,000 | 201,522 |
2.50%, 06/30/25 (a) | 500,000 | 477,200 |
3.90%, 04/01/26 (a) | 500,000 | 489,560 |
3.40%, 06/30/30 (a) | 200,000 | 183,606 |
3.88%, 01/15/35 (a) | 200,000 | 181,488 |
6.25%, 05/01/36 | 150,000 | 169,332 |
4.50%, 07/16/44 (a) | 300,000 | 269,862 |
4.80%, 07/10/45 (a) | 275,000 | 256,435 |
4.75%, 04/01/48 (a) | 250,000 | 235,002 |
5.75%, 04/01/48 (a)(b) | 210,000 | 189,433 |
4.38%, 06/30/50 (a) | 300,000 | 266,529 |
Anthem, Inc. | ||
3.50%, 08/15/24 (a) | 350,000 | 348,750 |
3.35%, 12/01/24 (a) | 350,000 | 345,768 |
2.38%, 01/15/25 (a) | 300,000 | 289,407 |
1.50%, 03/15/26 (a) | 500,000 | 457,710 |
3.65%, 12/01/27 (a) | 500,000 | 486,995 |
4.10%, 03/01/28 (a) | 250,000 | 247,527 |
2.88%, 09/15/29 (a) | 210,000 | 189,420 |
2.25%, 05/15/30 (a) | 450,000 | 384,988 |
2.55%, 03/15/31 (a) | 100,000 | 86,483 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.95%, 12/15/34 | 100,000 | 111,003 |
5.85%, 01/15/36 | 100,000 | 109,382 |
6.38%, 06/15/37 | 50,000 | 58,287 |
4.63%, 05/15/42 | 200,000 | 190,194 |
4.65%, 01/15/43 | 475,000 | 453,231 |
5.10%, 01/15/44 | 200,000 | 200,598 |
4.65%, 08/15/44 (a) | 400,000 | 379,908 |
4.38%, 12/01/47 (a) | 250,000 | 231,650 |
4.55%, 03/01/48 (a) | 400,000 | 380,036 |
3.70%, 09/15/49 (a) | 250,000 | 207,792 |
3.13%, 05/15/50 (a) | 500,000 | 378,735 |
3.60%, 03/15/51 (a) | 150,000 | 121,995 |
4.55%, 05/15/52 (a) | 200,000 | 190,580 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 107,001 |
4.50%, 12/15/28 (a) | 100,000 | 98,628 |
3.75%, 05/02/29 (a) | 100,000 | 94,571 |
2.80%, 05/15/30 (a) | 250,000 | 218,947 |
2.05%, 08/23/31 (a) | 200,000 | 161,886 |
6.25%, 09/30/40 | 150,000 | 166,947 |
2.90%, 08/23/51 (a) | 200,000 | 140,246 |
3.90%, 02/28/52 (a) | 250,000 | 206,100 |
Aon PLC | ||
4.00%, 11/27/23 (a) | 200,000 | 201,120 |
3.50%, 06/14/24 (a) | 400,000 | 397,840 |
3.88%, 12/15/25 (a) | 300,000 | 297,003 |
4.60%, 06/14/44 (a) | 200,000 | 180,772 |
4.75%, 05/15/45 (a) | 200,000 | 186,454 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 200,000 | 197,110 |
5.03%, 12/15/46 (a) | 200,000 | 189,454 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 250,000 | 195,840 |
Arch Capital Group US, Inc. | ||
5.14%, 11/01/43 | 250,000 | 244,040 |
Arthur J Gallagher & Co. | ||
3.50%, 05/20/51 (a) | 300,000 | 229,608 |
3.05%, 03/09/52 (a) | 150,000 | 104,139 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 75,000 | 75,579 |
4.90%, 03/27/28 (a) | 150,000 | 149,109 |
3.70%, 02/22/30 (a) | 100,000 | 89,096 |
2.65%, 01/15/32 (a) | 100,000 | 78,419 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 132,000 | 134,756 |
3.15%, 06/15/31 (a) | 250,000 | 217,327 |
3.60%, 09/15/51 (a) | 50,000 | 37,757 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 400,000 | 374,004 |
6.15%, 04/03/30 (a) | 200,000 | 199,876 |
3.50%, 01/15/31 (a) | 150,000 | 127,094 |
3.95%, 05/25/51 (a) | 150,000 | 111,354 |
AXA S.A. | ||
8.60%, 12/15/30 | 400,000 | 475,360 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 100,000 | 93,916 |
4.90%, 01/15/40 (a)(b) | 50,000 | 42,929 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 150,000 | 145,616 |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a)(e) | 250,000 | 236,397 |
1.85%, 03/12/30 (a) | 150,000 | 128,448 |
1.45%, 10/15/30 (a) | 200,000 | 162,596 |
2.88%, 03/15/32 (a) | 200,000 | 179,622 |
5.75%, 01/15/40 | 150,000 | 166,574 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.40%, 05/15/42 | 250,000 | 237,460 |
4.30%, 05/15/43 | 250,000 | 234,782 |
4.20%, 08/15/48 (a) | 750,000 | 689,032 |
4.25%, 01/15/49 (a) | 700,000 | 648,844 |
2.85%, 10/15/50 (a) | 575,000 | 415,052 |
2.50%, 01/15/51 (a) | 300,000 | 203,778 |
3.85%, 03/15/52 (a) | 875,000 | 751,389 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 895,000 | 879,194 |
4.50%, 02/11/43 | 50,000 | 47,862 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 300,000 | 281,283 |
5.63%, 05/15/30 (a) | 100,000 | 97,241 |
4.70%, 06/22/47 (a) | 385,000 | 307,399 |
3.85%, 12/22/51 (a) | 100,000 | 68,313 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 195,000 | 195,053 |
4.50%, 03/15/29 (a) | 50,000 | 49,181 |
2.38%, 03/15/31 (a) | 250,000 | 198,453 |
4.20%, 03/17/32 (a) | 175,000 | 159,780 |
4.95%, 03/17/52 (a) | 200,000 | 175,874 |
Chubb Corp. | ||
6.00%, 05/11/37 | 350,000 | 405,387 |
6.50%, 05/15/38 | 260,000 | 306,181 |
Chubb INA Holdings, Inc. | ||
1.38%, 09/15/30 (a) | 350,000 | 280,045 |
4.35%, 11/03/45 (a) | 500,000 | 473,475 |
3.05%, 12/15/61 (a) | 300,000 | 216,090 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 200,000 | 226,932 |
6.13%, 11/01/34 | 50,000 | 56,886 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 100,000 | 99,995 |
4.50%, 03/01/26 (a) | 250,000 | 250,930 |
3.45%, 08/15/27 (a) | 150,000 | 142,452 |
3.90%, 05/01/29 (a) | 25,000 | 23,532 |
2.05%, 08/15/30 (a) | 250,000 | 201,768 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 50,000 | 50,777 |
5.25%, 05/30/29 (a) | 320,000 | 310,710 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(c) | 250,000 | 243,500 |
3.65%, 04/05/27 (a)(c) | 400,000 | 377,092 |
3.85%, 04/05/29 (a)(c) | 400,000 | 369,788 |
3.90%, 04/05/32 (a)(c) | 450,000 | 404,131 |
4.35%, 04/05/42 (a)(c) | 150,000 | 128,195 |
4.40%, 04/05/52 (a)(c) | 350,000 | 292,936 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 250,000 | 240,220 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 550,000 | 531,943 |
5.00%, 04/20/48 (a) | 450,000 | 417,690 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 115,000 | 107,587 |
3.50%, 10/15/50 (a) | 350,000 | 269,230 |
3.13%, 10/15/52 (a) | 300,000 | 210,546 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 250,000 | 248,752 |
4.63%, 04/29/30 (a) | 300,000 | 288,468 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 150,000 | 144,909 |
3.40%, 06/15/30 (a) | 200,000 | 175,798 |
2.45%, 03/15/31 (a) | 300,000 | 237,537 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
First American Financial Corp. | ||
4.60%, 11/15/24 | 150,000 | 149,673 |
4.00%, 05/15/30 (a) | 100,000 | 89,923 |
2.40%, 08/15/31 (a) | 200,000 | 153,804 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 170,000 | 167,877 |
2.15%, 08/15/30 (a) | 200,000 | 163,840 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 150,000 | 149,504 |
2.50%, 09/01/30 (a) | 100,000 | 83,751 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 145,000 | 129,428 |
5.95%, 10/15/36 | 100,000 | 109,132 |
6.10%, 10/01/41 | 150,000 | 163,985 |
4.40%, 03/15/48 (a) | 225,000 | 204,415 |
3.60%, 08/19/49 (a) | 400,000 | 318,968 |
Humana, Inc. | ||
0.65%, 08/03/23 (a) | 150,000 | 145,394 |
3.85%, 10/01/24 (a) | 600,000 | 602,034 |
4.50%, 04/01/25 (a) | 200,000 | 202,454 |
1.35%, 02/03/27 (a) | 250,000 | 218,992 |
3.95%, 03/15/27 (a) | 150,000 | 147,572 |
3.13%, 08/15/29 (a) | 200,000 | 181,018 |
4.88%, 04/01/30 (a) | 200,000 | 202,258 |
2.15%, 02/03/32 (a) | 250,000 | 202,705 |
4.63%, 12/01/42 (a) | 100,000 | 93,217 |
4.95%, 10/01/44 (a) | 250,000 | 243,797 |
4.80%, 03/15/47 (a) | 150,000 | 144,906 |
3.95%, 08/15/49 (a) | 150,000 | 127,971 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a)(c) | 150,000 | 120,440 |
5.67%, 06/08/32 (a) | 100,000 | 96,800 |
4.00%, 11/23/51 (a)(c) | 150,000 | 106,296 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 100,000 | 99,658 |
2.40%, 09/30/30 (a) | 350,000 | 285,813 |
Lincoln National Corp. | ||
3.35%, 03/09/25 | 168,000 | 165,257 |
3.63%, 12/12/26 (a) | 104,000 | 101,011 |
3.80%, 03/01/28 (a) | 200,000 | 191,858 |
3.05%, 01/15/30 (a) | 200,000 | 175,548 |
3.40%, 01/15/31 (a) | 200,000 | 178,644 |
6.30%, 10/09/37 | 150,000 | 164,214 |
7.00%, 06/15/40 | 150,000 | 171,615 |
4.35%, 03/01/48 (a) | 175,000 | 150,224 |
4.38%, 06/15/50 (a) | 50,000 | 43,411 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 200,000 | 198,410 |
3.20%, 05/15/30 (a) | 150,000 | 136,686 |
6.00%, 02/01/35 | 100,000 | 108,554 |
4.13%, 05/15/43 (a) | 100,000 | 85,846 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 350,000 | 347,378 |
2.48%, 05/19/27 (a) | 100,000 | 91,475 |
4.06%, 02/24/32 (a)(b) | 250,000 | 231,517 |
3.70%, 03/16/32 (a) | 250,000 | 230,802 |
5.38%, 03/04/46 | 250,000 | 270,727 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 100,000 | 96,066 |
3.35%, 09/17/29 (a) | 100,000 | 91,756 |
5.00%, 04/05/46 | 175,000 | 166,628 |
4.30%, 11/01/47 (a) | 50,000 | 43,363 |
5.00%, 05/20/49 (a) | 200,000 | 190,470 |
4.15%, 09/17/50 (a) | 200,000 | 166,388 |
3.45%, 05/07/52 (a) | 150,000 | 112,394 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24 (a) | 350,000 | 350,833 |
3.50%, 06/03/24 (a) | 300,000 | 299,343 |
3.75%, 03/14/26 (a) | 250,000 | 247,985 |
4.38%, 03/15/29 (a) | 450,000 | 445,495 |
2.25%, 11/15/30 (a) | 325,000 | 275,041 |
4.75%, 03/15/39 (a) | 250,000 | 245,292 |
4.35%, 01/30/47 (a) | 200,000 | 180,570 |
4.20%, 03/01/48 (a) | 100,000 | 88,841 |
4.90%, 03/15/49 (a) | 500,000 | 497,080 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 200,000 | 196,244 |
MetLife, Inc. | ||
4.37%, 09/15/23 | 100,000 | 101,230 |
3.60%, 04/10/24 | 565,000 | 566,797 |
3.00%, 03/01/25 | 100,000 | 98,393 |
3.60%, 11/13/25 (a) | 250,000 | 248,465 |
4.55%, 03/23/30 (a) | 400,000 | 403,916 |
5.70%, 06/15/35 | 400,000 | 440,132 |
5.88%, 02/06/41 | 500,000 | 543,750 |
4.13%, 08/13/42 | 250,000 | 225,565 |
4.88%, 11/13/43 | 100,000 | 99,031 |
4.72%, 12/15/44 | 250,000 | 241,425 |
4.05%, 03/01/45 | 150,000 | 132,506 |
4.60%, 05/13/46 (a) | 300,000 | 292,554 |
6.40%, 12/15/66 (a) | 500,000 | 504,785 |
10.75%, 08/01/69 (a)(b) | 100,000 | 132,178 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/87 (b) | 65,000 | 66,016 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 250,000 | 243,075 |
3.85%, 06/11/51 (a) | 150,000 | 113,858 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 160,000 | 152,581 |
4.50%, 10/01/50 (a)(b) | 100,000 | 83,969 |
Principal Financial Group, Inc. | ||
3.10%, 11/15/26 (a) | 150,000 | 142,823 |
3.70%, 05/15/29 (a) | 150,000 | 141,150 |
2.13%, 06/15/30 (a) | 250,000 | 206,723 |
4.63%, 09/15/42 | 150,000 | 139,136 |
4.35%, 05/15/43 | 200,000 | 179,620 |
4.30%, 11/15/46 (a) | 100,000 | 93,189 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 91,917 |
3.88%, 03/27/28 (a) | 192,000 | 188,678 |
2.10%, 03/10/30 (a) | 250,000 | 213,132 |
5.75%, 07/15/33 | 100,000 | 109,872 |
5.70%, 12/14/36 | 90,000 | 98,488 |
6.63%, 12/01/37 | 250,000 | 294,562 |
3.00%, 03/10/40 (a) | 200,000 | 162,412 |
5.20%, 03/15/44 (a)(b) | 150,000 | 142,866 |
4.60%, 05/15/44 | 300,000 | 285,957 |
5.38%, 05/15/45 (a)(b) | 300,000 | 287,925 |
3.91%, 12/07/47 (a) | 350,000 | 305,259 |
4.42%, 03/27/48 (a) | 150,000 | 139,598 |
5.70%, 09/15/48 (a)(b) | 250,000 | 244,317 |
3.94%, 12/07/49 (a) | 400,000 | 345,664 |
4.35%, 02/25/50 (a) | 250,000 | 232,500 |
3.70%, 10/01/50 (a)(b) | 250,000 | 207,623 |
3.70%, 03/13/51 (a) | 300,000 | 250,956 |
5.13%, 03/01/52 (a)(b) | 250,000 | 231,132 |
Prudential PLC | ||
3.13%, 04/14/30 | 325,000 | 299,253 |
3.63%, 03/24/32 (a) | 100,000 | 92,733 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Reinsurance Group of America, Inc. | ||
4.70%, 09/15/23 | 265,000 | 267,584 |
3.90%, 05/15/29 (a) | 200,000 | 187,726 |
3.15%, 06/15/30 (a) | 150,000 | 132,879 |
RenaissanceRe Finance, Inc. | ||
3.45%, 07/01/27 (a) | 150,000 | 143,366 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 200,000 | 188,066 |
Selective Insurance Group, Inc. | ||
5.38%, 03/01/49 (a) | 100,000 | 95,628 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 100,000 | 83,104 |
Swiss Re America Holding Corp. | ||
7.00%, 02/15/26 | 125,000 | 137,743 |
The Progressive Corp. | ||
4.00%, 03/01/29 (a) | 360,000 | 357,304 |
3.20%, 03/26/30 (a) | 150,000 | 139,617 |
3.00%, 03/15/32 (a) | 150,000 | 135,441 |
6.25%, 12/01/32 | 110,000 | 126,971 |
4.35%, 04/25/44 | 150,000 | 139,986 |
3.70%, 01/26/45 | 150,000 | 127,152 |
4.13%, 04/15/47 (a) | 350,000 | 321,548 |
4.20%, 03/15/48 (a) | 125,000 | 115,649 |
3.95%, 03/26/50 (a) | 200,000 | 177,984 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 121,000 | 157,344 |
Travelers Cos., Inc. | ||
6.75%, 06/20/36 | 50,000 | 60,562 |
6.25%, 06/15/37 | 300,000 | 352,668 |
5.35%, 11/01/40 | 100,000 | 106,297 |
4.60%, 08/01/43 | 200,000 | 191,022 |
4.30%, 08/25/45 (a) | 200,000 | 185,268 |
3.75%, 05/15/46 (a) | 200,000 | 173,342 |
4.00%, 05/30/47 (a) | 150,000 | 133,916 |
4.10%, 03/04/49 (a) | 250,000 | 227,110 |
2.55%, 04/27/50 (a) | 200,000 | 139,282 |
3.05%, 06/08/51 (a) | 250,000 | 191,093 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 200,000 | 235,692 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 110,000 | 108,859 |
UnitedHealth Group, Inc. | ||
3.50%, 02/15/24 | 250,000 | 251,137 |
0.55%, 05/15/24 (a) | 200,000 | 190,740 |
2.38%, 08/15/24 | 200,000 | 196,216 |
3.75%, 07/15/25 | 750,000 | 750,990 |
3.70%, 12/15/25 | 150,000 | 149,886 |
1.25%, 01/15/26 | 100,000 | 92,358 |
3.10%, 03/15/26 | 350,000 | 342,961 |
3.45%, 01/15/27 | 250,000 | 246,732 |
2.95%, 10/15/27 | 100,000 | 95,919 |
3.85%, 06/15/28 | 450,000 | 448,146 |
3.88%, 12/15/28 | 350,000 | 348,372 |
4.00%, 05/15/29 (a) | 250,000 | 248,257 |
2.88%, 08/15/29 | 400,000 | 370,052 |
2.00%, 05/15/30 | 500,000 | 428,820 |
2.30%, 05/15/31 (a) | 400,000 | 346,748 |
4.20%, 05/15/32 (a) | 475,000 | 475,389 |
4.63%, 07/15/35 | 400,000 | 407,184 |
5.80%, 03/15/36 | 200,000 | 224,566 |
6.63%, 11/15/37 | 250,000 | 303,577 |
6.88%, 02/15/38 | 300,000 | 372,912 |
3.50%, 08/15/39 (a) | 400,000 | 349,640 |
2.75%, 05/15/40 (a) | 400,000 | 312,216 |
5.70%, 10/15/40 (a) | 100,000 | 110,899 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.95%, 02/15/41 (a) | 150,000 | 170,099 |
3.05%, 05/15/41 (a) | 500,000 | 404,710 |
4.63%, 11/15/41 (a) | 173,000 | 172,194 |
4.38%, 03/15/42 (a) | 150,000 | 144,095 |
3.95%, 10/15/42 (a) | 250,000 | 226,127 |
4.75%, 07/15/45 | 600,000 | 605,418 |
4.20%, 01/15/47 (a) | 200,000 | 187,300 |
4.25%, 04/15/47 (a) | 250,000 | 235,477 |
3.75%, 10/15/47 (a) | 200,000 | 174,016 |
4.25%, 06/15/48 (a) | 400,000 | 375,020 |
4.45%, 12/15/48 (a) | 350,000 | 336,833 |
3.70%, 08/15/49 (a) | 400,000 | 342,328 |
2.90%, 05/15/50 (a) | 400,000 | 298,264 |
3.25%, 05/15/51 (a) | 600,000 | 472,398 |
4.75%, 05/15/52 (a) | 600,000 | 601,104 |
3.88%, 08/15/59 (a) | 400,000 | 345,760 |
3.13%, 05/15/60 (a) | 350,000 | 257,988 |
4.95%, 05/15/62 (a) | 325,000 | 329,839 |
Unum Group | ||
4.00%, 03/15/24 | 100,000 | 99,879 |
4.00%, 06/15/29 (a) | 150,000 | 141,908 |
5.75%, 08/15/42 | 150,000 | 140,994 |
4.50%, 12/15/49 (a) | 150,000 | 116,765 |
4.13%, 06/15/51 (a) | 200,000 | 148,026 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 150,000 | 145,889 |
5.70%, 07/15/43 | 150,000 | 153,935 |
4.80%, 06/15/46 | 75,000 | 69,636 |
4.70%, 01/23/48 (a)(b) | 100,000 | 81,849 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 250,000 | 247,050 |
4.50%, 09/15/28 (a) | 200,000 | 192,752 |
2.95%, 09/15/29 (a) | 200,000 | 171,538 |
5.05%, 09/15/48 (a) | 150,000 | 139,554 |
3.88%, 09/15/49 (a) | 200,000 | 156,668 |
WR Berkley Corp. | ||
4.75%, 08/01/44 | 150,000 | 141,297 |
4.00%, 05/12/50 (a) | 100,000 | 83,354 |
3.55%, 03/30/52 (a) | 150,000 | 116,073 |
3.15%, 09/30/61 (a) | 100,000 | 66,744 |
XLIT Ltd. | ||
5.25%, 12/15/43 | 100,000 | 106,048 |
5.50%, 03/31/45 | 125,000 | 130,384 |
77,634,299 | ||
REITs 0.7% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 150,000 | 128,142 |
2.90%, 10/01/30 (a) | 250,000 | 212,157 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 25,000 | 24,620 |
4.30%, 01/15/26 (a) | 150,000 | 150,723 |
3.80%, 04/15/26 (a) | 150,000 | 147,344 |
3.95%, 01/15/28 (a) | 150,000 | 145,488 |
4.50%, 07/30/29 (a) | 100,000 | 97,619 |
2.75%, 12/15/29 (a) | 150,000 | 131,511 |
4.70%, 07/01/30 (a) | 250,000 | 246,932 |
4.90%, 12/15/30 (a) | 250,000 | 248,360 |
3.38%, 08/15/31 (a) | 230,000 | 203,488 |
2.00%, 05/18/32 (a) | 200,000 | 158,054 |
1.88%, 02/01/33 (a) | 250,000 | 188,370 |
2.95%, 03/15/34 (a) | 250,000 | 208,245 |
4.85%, 04/15/49 (a) | 100,000 | 93,618 |
4.00%, 02/01/50 (a) | 250,000 | 208,640 |
3.00%, 05/18/51 (a) | 200,000 | 136,292 |
3.55%, 03/15/52 (a) | 250,000 | 189,135 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 150,000 | 128,178 |
American Campus Communities Operating Partnership LP | ||
3.30%, 07/15/26 (a) | 250,000 | 244,455 |
2.25%, 01/15/29 (a) | 50,000 | 46,313 |
2.85%, 02/01/30 (a) | 200,000 | 189,968 |
3.88%, 01/30/31 (a) | 175,000 | 172,720 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 190,000 | 181,613 |
4.90%, 02/15/29 (a) | 100,000 | 97,831 |
2.38%, 07/15/31 (a) | 200,000 | 160,056 |
3.63%, 04/15/32 (a) | 150,000 | 131,378 |
3.38%, 07/15/51 (a) | 100,000 | 69,150 |
4.30%, 04/15/52 (a) | 100,000 | 80,805 |
AvalonBay Communities, Inc. | ||
4.20%, 12/15/23 (a) | 100,000 | 100,429 |
3.50%, 11/15/24 (a) | 200,000 | 197,652 |
3.45%, 06/01/25 (a) | 150,000 | 147,711 |
2.90%, 10/15/26 (a) | 100,000 | 95,160 |
3.35%, 05/15/27 (a) | 150,000 | 143,606 |
3.20%, 01/15/28 (a) | 200,000 | 188,848 |
3.30%, 06/01/29 (a) | 150,000 | 139,403 |
2.30%, 03/01/30 (a) | 250,000 | 215,332 |
2.45%, 01/15/31 (a) | 300,000 | 259,188 |
2.05%, 01/15/32 (a) | 200,000 | 166,168 |
3.90%, 10/15/46 (a) | 150,000 | 130,353 |
4.35%, 04/15/48 (a) | 150,000 | 138,842 |
Boston Properties LP | ||
3.13%, 09/01/23 (a) | 350,000 | 347,249 |
3.80%, 02/01/24 (a) | 100,000 | 99,679 |
3.20%, 01/15/25 (a) | 375,000 | 365,902 |
3.65%, 02/01/26 (a) | 200,000 | 194,392 |
2.75%, 10/01/26 (a) | 150,000 | 139,908 |
4.50%, 12/01/28 (a) | 300,000 | 291,990 |
3.40%, 06/21/29 (a) | 350,000 | 313,932 |
2.90%, 03/15/30 (a) | 200,000 | 169,830 |
3.25%, 01/30/31 (a) | 433,000 | 372,086 |
2.55%, 04/01/32 (a) | 150,000 | 119,286 |
2.45%, 10/01/33 (a) | 300,000 | 230,163 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 150,000 | 148,904 |
3.95%, 11/15/27 (a) | 100,000 | 94,093 |
4.55%, 10/01/29 (a) | 150,000 | 143,903 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 250,000 | 246,317 |
4.13%, 06/15/26 (a) | 50,000 | 48,987 |
3.90%, 03/15/27 (a) | 150,000 | 144,044 |
4.13%, 05/15/29 (a) | 250,000 | 233,007 |
4.05%, 07/01/30 (a) | 350,000 | 315,612 |
2.50%, 08/16/31 (a) | 225,000 | 177,199 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 150,000 | 122,523 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 150,000 | 147,543 |
3.15%, 07/01/29 (a) | 116,000 | 106,177 |
2.80%, 05/15/30 (a) | 250,000 | 221,160 |
3.35%, 11/01/49 (a) | 175,000 | 136,988 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 200,000 | 181,350 |
2.00%, 01/15/29 (a) | 150,000 | 121,305 |
2.75%, 04/15/31 (a) | 200,000 | 162,440 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 250,000 | 247,357 |
3.13%, 09/01/26 (a) | 100,000 | 95,391 |
4.38%, 02/15/29 (a) | 118,000 | 114,295 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 02/15/30 (a) | 200,000 | 176,200 |
2.00%, 02/15/31 (a) | 250,000 | 199,675 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 370,000 | 352,939 |
4.45%, 07/15/28 (a) | 200,000 | 194,124 |
3.60%, 07/01/29 (a) | 325,000 | 295,158 |
Duke Realty LP | ||
3.25%, 06/30/26 (a) | 50,000 | 48,225 |
2.88%, 11/15/29 (a) | 150,000 | 135,257 |
1.75%, 07/01/30 (a) | 250,000 | 204,842 |
2.25%, 01/15/32 (a) | 150,000 | 124,958 |
3.05%, 03/01/50 (a) | 200,000 | 148,832 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 250,000 | 234,480 |
4.50%, 06/01/27 (a) | 200,000 | 181,222 |
4.95%, 04/15/28 (a) | 250,000 | 229,005 |
3.75%, 08/15/29 (a) | 200,000 | 166,624 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 200,000 | 195,914 |
2.85%, 11/01/26 (a) | 250,000 | 237,235 |
3.25%, 08/01/27 (a) | 150,000 | 142,295 |
3.50%, 03/01/28 (a) | 200,000 | 190,670 |
4.15%, 12/01/28 (a) | 50,000 | 49,075 |
3.00%, 07/01/29 (a) | 200,000 | 181,502 |
2.50%, 02/15/30 (a) | 200,000 | 175,174 |
4.50%, 07/01/44 (a) | 150,000 | 143,190 |
4.50%, 06/01/45 (a) | 200,000 | 189,384 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 150,000 | 117,734 |
Essex Portfolio LP | ||
3.88%, 05/01/24 (a) | 150,000 | 149,769 |
3.50%, 04/01/25 (a) | 300,000 | 294,573 |
3.63%, 05/01/27 (a) | 150,000 | 145,394 |
4.00%, 03/01/29 (a) | 250,000 | 239,237 |
3.00%, 01/15/30 (a) | 150,000 | 133,182 |
1.65%, 01/15/31 (a) | 150,000 | 117,543 |
2.65%, 03/15/32 (a) | 200,000 | 166,186 |
4.50%, 03/15/48 (a) | 114,000 | 103,074 |
Extra Space Storage LP | ||
2.55%, 06/01/31 (a) | 150,000 | 123,720 |
2.35%, 03/15/32 (a) | 200,000 | 159,398 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 250,000 | 249,597 |
1.25%, 02/15/26 (a) | 150,000 | 134,360 |
3.25%, 07/15/27 (a) | 200,000 | 188,084 |
3.20%, 06/15/29 (a) | 100,000 | 90,275 |
4.50%, 12/01/44 (a) | 250,000 | 223,097 |
Healthcare Realty Trust, Inc. | ||
2.40%, 03/15/30 (a) | 150,000 | 125,171 |
2.05%, 03/15/31 (a) | 200,000 | 157,654 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 300,000 | 285,861 |
3.75%, 07/01/27 (a) | 250,000 | 237,557 |
2.00%, 03/15/31 (a) | 250,000 | 194,157 |
Healthpeak Properties, Inc. | ||
3.40%, 02/01/25 (a) | 150,000 | 147,611 |
4.00%, 06/01/25 (a) | 150,000 | 149,437 |
3.25%, 07/15/26 (a) | 300,000 | 288,147 |
3.50%, 07/15/29 (a) | 250,000 | 231,127 |
3.00%, 01/15/30 (a) | 300,000 | 265,107 |
6.75%, 02/01/41 (a) | 200,000 | 228,708 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 300,000 | 281,187 |
3.05%, 02/15/30 (a) | 150,000 | 130,485 |
2.60%, 02/01/31 (a) | 150,000 | 124,008 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 175,000 | 173,782 |
4.00%, 06/15/25 (a) | 100,000 | 97,911 |
4.50%, 02/01/26 (a) | 150,000 | 147,795 |
3.38%, 12/15/29 (a) | 200,000 | 169,342 |
3.50%, 09/15/30 (a) | 375,000 | 320,464 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 150,000 | 143,217 |
4.65%, 04/01/29 (a) | 150,000 | 144,903 |
3.25%, 01/15/30 (a) | 150,000 | 130,826 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 250,000 | 210,827 |
2.00%, 08/15/31 (a) | 200,000 | 154,178 |
4.15%, 04/15/32 (a) | 100,000 | 90,884 |
2.70%, 01/15/34 (a) | 150,000 | 115,577 |
Kilroy Realty LP | ||
4.38%, 10/01/25 (a) | 150,000 | 148,344 |
4.75%, 12/15/28 (a) | 150,000 | 147,635 |
4.25%, 08/15/29 (a) | 200,000 | 189,048 |
3.05%, 02/15/30 (a) | 200,000 | 171,400 |
2.50%, 11/15/32 (a) | 250,000 | 195,642 |
Kimco Realty Corp. | ||
2.80%, 10/01/26 (a) | 450,000 | 422,235 |
1.90%, 03/01/28 (a) | 250,000 | 216,705 |
2.70%, 10/01/30 (a) | 300,000 | 258,708 |
4.25%, 04/01/45 (a) | 150,000 | 126,600 |
4.45%, 09/01/47 (a) | 200,000 | 175,398 |
3.70%, 10/01/49 (a) | 150,000 | 117,089 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 96,028 |
Lexington Realty Trust | ||
2.70%, 09/15/30 (a) | 250,000 | 206,270 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 350,000 | 334,607 |
4.00%, 06/15/29 (a) | 150,000 | 137,844 |
2.20%, 10/15/30 (a) | 300,000 | 241,044 |
Mid-America Apartments LP | ||
3.75%, 06/15/24 (a) | 250,000 | 249,255 |
4.00%, 11/15/25 (a) | 150,000 | 149,211 |
3.60%, 06/01/27 (a) | 60,000 | 57,850 |
4.20%, 06/15/28 (a) | 200,000 | 195,830 |
3.95%, 03/15/29 (a) | 50,000 | 47,890 |
2.75%, 03/15/30 (a) | 100,000 | 87,368 |
1.70%, 02/15/31 (a) | 250,000 | 198,430 |
2.88%, 09/15/51 (a) | 150,000 | 104,570 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 175,000 | 135,644 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 100,000 | 99,834 |
3.60%, 12/15/26 (a) | 150,000 | 144,692 |
3.50%, 10/15/27 (a) | 125,000 | 117,176 |
4.30%, 10/15/28 (a) | 200,000 | 194,502 |
2.50%, 04/15/30 (a) | 100,000 | 85,212 |
4.80%, 10/15/48 (a) | 135,000 | 125,920 |
3.10%, 04/15/50 (a) | 150,000 | 104,466 |
3.00%, 04/15/52 (a) | 200,000 | 138,120 |
Office Properties Income Trust | ||
4.25%, 05/15/24 (a) | 150,000 | 145,962 |
4.50%, 02/01/25 (a) | 167,000 | 160,185 |
2.65%, 06/15/26 (a) | 200,000 | 170,242 |
3.45%, 10/15/31 (a) | 150,000 | 111,905 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24 (a) | 500,000 | 502,065 |
4.50%, 01/15/25 (a) | 50,000 | 49,503 |
5.25%, 01/15/26 (a) | 100,000 | 99,122 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.50%, 04/01/27 (a) | 100,000 | 95,220 |
4.75%, 01/15/28 (a) | 93,000 | 88,400 |
3.63%, 10/01/29 (a) | 150,000 | 126,908 |
3.38%, 02/01/31 (a) | 250,000 | 203,137 |
3.25%, 04/15/33 (a) | 300,000 | 227,301 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 300,000 | 294,612 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 200,000 | 166,282 |
2.75%, 04/01/32 (a) | 100,000 | 77,328 |
Prologis LP | ||
3.25%, 10/01/26 (a) | 150,000 | 146,042 |
4.38%, 02/01/29 (a) | 25,000 | 25,001 |
2.25%, 04/15/30 (a) | 350,000 | 303,096 |
1.25%, 10/15/30 (a) | 350,000 | 278,939 |
1.63%, 03/15/31 (a) | 200,000 | 161,894 |
3.00%, 04/15/50 (a) | 300,000 | 228,054 |
2.13%, 10/15/50 (a) | 300,000 | 191,721 |
Public Storage | ||
0.88%, 02/15/26 (a) | 200,000 | 178,768 |
1.50%, 11/09/26 (a) | 150,000 | 135,591 |
3.09%, 09/15/27 (a) | 250,000 | 237,507 |
3.39%, 05/01/29 (a) | 300,000 | 279,279 |
2.30%, 05/01/31 (a) | 250,000 | 210,582 |
2.25%, 11/09/31 (a) | 200,000 | 165,960 |
Realty Income Corp. | ||
4.60%, 02/06/24 (a) | 200,000 | 201,922 |
3.88%, 07/15/24 (a) | 300,000 | 300,306 |
4.63%, 11/01/25 (a) | 250,000 | 253,675 |
0.75%, 03/15/26 (a) | 150,000 | 132,270 |
4.13%, 10/15/26 (a) | 50,000 | 49,810 |
3.00%, 01/15/27 (a) | 300,000 | 284,589 |
3.95%, 08/15/27 (a) | 300,000 | 293,748 |
3.40%, 01/15/28 (a) | 150,000 | 142,001 |
3.65%, 01/15/28 (a) | 300,000 | 288,546 |
3.10%, 12/15/29 (a) | 100,000 | 91,107 |
3.25%, 01/15/31 (a) | 400,000 | 365,104 |
2.85%, 12/15/32 (a) | 200,000 | 171,684 |
4.65%, 03/15/47 (a) | 200,000 | 194,944 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 250,000 | 242,607 |
4.13%, 03/15/28 (a) | 200,000 | 192,884 |
2.95%, 09/15/29 (a) | 150,000 | 132,168 |
3.70%, 06/15/30 (a) | 50,000 | 45,425 |
4.40%, 02/01/47 (a) | 175,000 | 154,553 |
4.65%, 03/15/49 (a) | 50,000 | 45,001 |
Retail Properties of America, Inc. | ||
4.75%, 09/15/30 (a) | 150,000 | 139,979 |
Rexford Industrial Realty LP | ||
2.15%, 09/01/31 (a) | 350,000 | 275,166 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 200,000 | 194,484 |
3.90%, 10/15/29 (a) | 125,000 | 110,525 |
3.20%, 12/01/31 (a) | 250,000 | 198,752 |
Safehold Operating Partnership LP | ||
2.80%, 06/15/31 (a) | 150,000 | 121,836 |
Simon Property Group LP | ||
3.75%, 02/01/24 (a) | 350,000 | 349,559 |
2.00%, 09/13/24 (a) | 175,000 | 167,596 |
3.38%, 10/01/24 (a) | 100,000 | 99,099 |
3.50%, 09/01/25 (a) | 300,000 | 293,238 |
3.30%, 01/15/26 (a) | 300,000 | 290,406 |
3.25%, 11/30/26 (a) | 200,000 | 191,192 |
3.38%, 06/15/27 (a) | 350,000 | 332,419 |
3.38%, 12/01/27 (a) | 100,000 | 94,036 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 02/01/28 (a) | 350,000 | 299,050 |
2.45%, 09/13/29 (a) | 550,000 | 467,203 |
2.65%, 07/15/30 (a) | 100,000 | 84,935 |
2.20%, 02/01/31 (a) | 100,000 | 81,268 |
6.75%, 02/01/40 (a) | 270,000 | 306,061 |
4.75%, 03/15/42 (a) | 250,000 | 230,705 |
4.25%, 10/01/44 (a) | 200,000 | 170,882 |
4.25%, 11/30/46 (a) | 100,000 | 86,266 |
3.25%, 09/13/49 (a) | 450,000 | 328,432 |
3.80%, 07/15/50 (a) | 300,000 | 241,476 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 150,000 | 145,947 |
4.25%, 02/01/26 (a) | 200,000 | 196,284 |
4.70%, 06/01/27 (a) | 154,000 | 151,550 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 60,000 | 59,213 |
3.20%, 01/15/27 (a) | 200,000 | 184,098 |
3.40%, 01/15/30 (a) | 250,000 | 216,255 |
3.20%, 02/15/31 (a) | 250,000 | 209,310 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 85,000 | 83,213 |
4.63%, 03/15/29 (a) | 150,000 | 146,913 |
2.75%, 11/18/30 (a) | 150,000 | 123,528 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 150,000 | 128,505 |
2.70%, 07/15/31 (a) | 200,000 | 161,274 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 150,000 | 141,170 |
3.88%, 07/15/27 (a) | 150,000 | 142,082 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 150,000 | 141,339 |
3.50%, 01/15/28 (a) | 145,000 | 136,868 |
4.40%, 01/26/29 (a) | 300,000 | 293,490 |
3.00%, 08/15/31 (a) | 400,000 | 342,500 |
2.10%, 08/01/32 (a) | 100,000 | 78,217 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 100,000 | 99,018 |
3.75%, 05/01/24 (a) | 150,000 | 149,143 |
2.65%, 01/15/25 (a) | 150,000 | 143,708 |
3.50%, 02/01/25 (a) | 250,000 | 244,327 |
4.13%, 01/15/26 (a) | 150,000 | 148,493 |
3.25%, 10/15/26 (a) | 250,000 | 236,530 |
4.00%, 03/01/28 (a) | 300,000 | 287,376 |
4.40%, 01/15/29 (a) | 250,000 | 240,552 |
4.75%, 11/15/30 (a) | 300,000 | 293,262 |
5.70%, 09/30/43 (a) | 150,000 | 153,460 |
4.88%, 04/15/49 (a) | 150,000 | 139,916 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 150,000 | 145,601 |
2.15%, 06/01/26 (a) | 150,000 | 133,716 |
Welltower, Inc. | ||
4.50%, 01/15/24 (a) | 300,000 | 302,181 |
3.63%, 03/15/24 (a) | 300,000 | 297,777 |
4.00%, 06/01/25 (a) | 200,000 | 198,946 |
4.25%, 04/01/26 (a) | 400,000 | 396,496 |
2.70%, 02/15/27 (a) | 100,000 | 92,555 |
4.13%, 03/15/29 (a) | 400,000 | 379,276 |
3.10%, 01/15/30 (a) | 150,000 | 132,438 |
2.75%, 01/15/31 (a) | 300,000 | 253,563 |
6.50%, 03/15/41 (a) | 300,000 | 337,032 |
4.95%, 09/01/48 (a) | 200,000 | 190,444 |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 85,000 | 85,577 |
4.00%, 02/01/25 (a) | 400,000 | 398,884 |
3.85%, 07/15/29 (a) | 100,000 | 93,440 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.40%, 02/01/31 (a) | 200,000 | 163,730 |
2.25%, 04/01/33 (a) | 150,000 | 115,763 |
51,927,077 | ||
586,779,398 | ||
Industrial 13.9% | ||
Basic Industry 0.6% | ||
Air Products and Chemicals, Inc. | ||
3.35%, 07/31/24 (a) | 20,000 | 19,961 |
1.50%, 10/15/25 (a) | 250,000 | 235,627 |
1.85%, 05/15/27 (a) | 300,000 | 273,606 |
2.05%, 05/15/30 (a) | 250,000 | 216,718 |
2.70%, 05/15/40 (a) | 300,000 | 238,971 |
2.80%, 05/15/50 (a) | 250,000 | 188,933 |
Albemarle Corp. | ||
5.45%, 12/01/44 (a) | 100,000 | 97,549 |
AngloGold Ashanti Holdings PLC | ||
3.75%, 10/01/30 (a) | 500,000 | 416,250 |
ArcelorMittal S.A. | ||
4.25%, 07/16/29 | 200,000 | 190,108 |
7.00%, 10/15/39 | 350,000 | 359,285 |
Barrick Gold Corp. | ||
5.25%, 04/01/42 | 100,000 | 98,917 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 450,000 | 466,096 |
5.75%, 05/01/43 | 200,000 | 208,752 |
Barrick PD Australia Finance Pty Ltd. | ||
5.95%, 10/15/39 | 400,000 | 424,684 |
BHP Billiton Finance USA Ltd. | ||
3.85%, 09/30/23 | 200,000 | 201,544 |
6.42%, 03/01/26 | 100,000 | 108,489 |
4.13%, 02/24/42 | 275,000 | 256,226 |
5.00%, 09/30/43 | 850,000 | 875,245 |
Braskem Finance Ltd. | ||
6.45%, 02/03/24 | 200,000 | 206,064 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 150,000 | 139,478 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 100,000 | 98,760 |
1.40%, 08/05/26 (a) | 150,000 | 129,222 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24 (a) | 200,000 | 199,336 |
3.88%, 11/02/27 (a) | 200,000 | 184,706 |
5.50%, 11/02/47 (a) | 200,000 | 167,260 |
CF Industries, Inc. | ||
5.15%, 03/15/34 | 350,000 | 342,856 |
5.38%, 03/15/44 | 300,000 | 280,602 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 50,000 | 50,274 |
7.38%, 11/01/29 | 450,000 | 520,069 |
2.10%, 11/15/30 (a) | 250,000 | 206,415 |
4.25%, 10/01/34 (a) | 300,000 | 285,186 |
5.25%, 11/15/41 (a) | 300,000 | 297,312 |
4.38%, 11/15/42 (a) | 450,000 | 396,765 |
4.63%, 10/01/44 (a) | 150,000 | 136,508 |
5.55%, 11/30/48 (a) | 350,000 | 355,425 |
4.80%, 05/15/49 (a) | 300,000 | 275,382 |
3.60%, 11/15/50 (a) | 250,000 | 191,198 |
DuPont de Nemours, Inc. | ||
4.21%, 11/15/23 (a) | 800,000 | 804,992 |
4.49%, 11/15/25 (a) | 625,000 | 629,787 |
4.73%, 11/15/28 (a) | 750,000 | 753,457 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.32%, 11/15/38 (a) | 500,000 | 495,630 |
5.42%, 11/15/48 (a) | 655,000 | 651,620 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 250,000 | 247,250 |
4.80%, 09/01/42 (a) | 250,000 | 225,892 |
4.65%, 10/15/44 (a) | 220,000 | 190,958 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 300,000 | 288,249 |
3.25%, 12/01/27 (a) | 450,000 | 438,759 |
4.80%, 03/24/30 (a) | 50,000 | 51,878 |
1.30%, 01/30/31 (a) | 300,000 | 240,951 |
2.13%, 02/01/32 (a) | 250,000 | 211,188 |
2.13%, 08/15/50 (a) | 250,000 | 161,315 |
2.70%, 12/15/51 (a) | 250,000 | 179,258 |
2.75%, 08/18/55 (a) | 264,000 | 185,405 |
EI du Pont de Nemours and Co. | ||
1.70%, 07/15/25 (a) | 200,000 | 187,814 |
2.30%, 07/15/30 (a) | 150,000 | 130,145 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25 (a) | 100,000 | 99,286 |
5.50%, 01/17/27 | 250,000 | 248,087 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 150,000 | 142,928 |
3.45%, 10/01/29 (a) | 200,000 | 182,002 |
4.50%, 10/01/49 (a) | 250,000 | 214,735 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 500,000 | 496,540 |
4.13%, 03/01/28 (a) | 300,000 | 278,637 |
4.63%, 08/01/30 (a) | 550,000 | 510,433 |
5.40%, 11/14/34 (a) | 300,000 | 293,337 |
5.45%, 03/15/43 (a) | 500,000 | 463,210 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 300,000 | 318,249 |
7.75%, 11/15/29 | 250,000 | 301,665 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 300,000 | 282,807 |
2.95%, 06/15/31 (a) | 150,000 | 124,653 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 250,000 | 244,580 |
4.38%, 06/01/47 (a) | 50,000 | 42,926 |
5.00%, 09/26/48 (a) | 300,000 | 280,767 |
International Paper Co. | ||
7.30%, 11/15/39 | 200,000 | 234,350 |
6.00%, 11/15/41 (a) | 200,000 | 208,472 |
4.80%, 06/15/44 (a) | 250,000 | 232,615 |
5.15%, 05/15/46 (a) | 200,000 | 198,200 |
4.40%, 08/15/47 (a) | 200,000 | 178,710 |
4.35%, 08/15/48 (a) | 250,000 | 222,340 |
Kinross Gold Corp. | ||
5.95%, 03/15/24 (a) | 250,000 | 256,052 |
4.50%, 07/15/27 (a) | 150,000 | 146,237 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 200,000 | 196,810 |
3.20%, 01/30/26 (a) | 350,000 | 348,680 |
1.10%, 08/10/30 (a) | 200,000 | 160,460 |
3.55%, 11/07/42 (a) | 150,000 | 130,254 |
2.00%, 08/10/50 (a) | 100,000 | 63,446 |
Lubrizol Corp. | ||
6.50%, 10/01/34 | 96,000 | 114,280 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 148,000 | 147,851 |
5.25%, 07/15/43 | 250,000 | 234,045 |
4.88%, 03/15/44 (a) | 250,000 | 226,365 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 200,000 | 191,582 |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 200,000 | 165,144 |
3.38%, 10/01/40 (a) | 250,000 | 192,368 |
4.20%, 10/15/49 (a) | 350,000 | 285,918 |
4.20%, 05/01/50 (a) | 300,000 | 244,683 |
3.63%, 04/01/51 (a) | 250,000 | 185,095 |
3.80%, 10/01/60 (a) | 175,000 | 124,744 |
LyondellBasell Industries NV | ||
5.75%, 04/15/24 (a) | 250,000 | 255,835 |
4.63%, 02/26/55 (a) | 350,000 | 299,600 |
Mosaic Co. | ||
4.25%, 11/15/23 (a) | 100,000 | 100,713 |
4.05%, 11/15/27 (a) | 250,000 | 244,685 |
5.45%, 11/15/33 (a) | 150,000 | 155,840 |
4.88%, 11/15/41 (a) | 150,000 | 137,381 |
5.63%, 11/15/43 (a) | 200,000 | 205,976 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 200,000 | 165,342 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 250,000 | 221,665 |
2.25%, 10/01/30 (a) | 350,000 | 291,364 |
5.88%, 04/01/35 | 250,000 | 264,455 |
6.25%, 10/01/39 | 325,000 | 357,861 |
4.88%, 03/15/42 (a) | 350,000 | 336,780 |
5.45%, 06/09/44 (a) | 175,000 | 176,761 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 150,000 | 141,525 |
3.95%, 05/01/28 (a) | 200,000 | 194,330 |
2.70%, 06/01/30 (a) | 250,000 | 217,028 |
6.40%, 12/01/37 | 100,000 | 113,138 |
2.98%, 12/15/55 (a) | 400,000 | 271,644 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 100,000 | 97,731 |
4.20%, 04/01/29 (a) | 250,000 | 243,150 |
4.13%, 03/15/35 (a) | 300,000 | 278,895 |
5.88%, 12/01/36 | 100,000 | 111,205 |
5.63%, 12/01/40 | 50,000 | 52,251 |
6.13%, 01/15/41 (a) | 200,000 | 219,946 |
4.90%, 06/01/43 (a) | 200,000 | 194,596 |
5.25%, 01/15/45 (a) | 225,000 | 225,670 |
5.00%, 04/01/49 (a) | 50,000 | 49,798 |
3.95%, 05/13/50 (a) | 300,000 | 259,548 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 200,000 | 198,774 |
3.40%, 12/15/27 (a) | 200,000 | 192,592 |
4.05%, 12/15/49 (a) | 150,000 | 124,457 |
3.05%, 10/01/51 (a) | 200,000 | 142,276 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 100,000 | 97,402 |
3.75%, 03/15/28 (a) | 300,000 | 294,072 |
2.80%, 08/15/29 (a) | 150,000 | 136,268 |
2.55%, 06/15/30 (a) | 100,000 | 88,286 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 68,313 |
2.15%, 08/15/30 (a) | 250,000 | 202,580 |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 281,000 | 335,553 |
6.13%, 12/15/33 | 50,000 | 56,955 |
5.75%, 06/01/35 | 50,000 | 55,113 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 250,000 | 288,100 |
5.20%, 11/02/40 | 350,000 | 365,144 |
2.75%, 11/02/51 (a) | 200,000 | 145,484 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rio Tinto Finance USA PLC | ||
4.75%, 03/22/42 (a) | 400,000 | 399,740 |
4.13%, 08/21/42 (a) | 150,000 | 138,831 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 250,000 | 240,312 |
4.25%, 01/15/48 (a) | 250,000 | 214,715 |
Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 250,000 | 248,192 |
3.45%, 08/01/25 (a) | 100,000 | 98,543 |
3.45%, 06/01/27 (a) | 650,000 | 620,893 |
2.95%, 08/15/29 (a) | 300,000 | 268,770 |
2.30%, 05/15/30 (a) | 200,000 | 168,856 |
4.55%, 08/01/45 (a) | 150,000 | 132,537 |
4.50%, 06/01/47 (a) | 500,000 | 443,290 |
3.80%, 08/15/49 (a) | 200,000 | 160,936 |
3.30%, 05/15/50 (a) | 200,000 | 148,440 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 200,000 | 198,212 |
7.50%, 07/27/35 | 350,000 | 415,555 |
6.75%, 04/16/40 | 450,000 | 507,928 |
5.25%, 11/08/42 | 300,000 | 292,275 |
5.88%, 04/23/45 | 345,000 | 358,969 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 150,000 | 142,119 |
5.00%, 12/15/26 (a) | 150,000 | 148,622 |
1.65%, 10/15/27 (a) | 100,000 | 85,881 |
3.45%, 04/15/30 (a) | 250,000 | 222,825 |
3.25%, 01/15/31 (a) | 200,000 | 174,048 |
3.25%, 10/15/50 (a) | 150,000 | 104,207 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 550,000 | 543,306 |
5.00%, 01/15/30 (a) | 500,000 | 455,750 |
3.75%, 01/15/31 (a) | 250,000 | 202,165 |
3.13%, 01/15/32 (a) | 350,000 | 264,169 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 250,000 | 230,080 |
6.00%, 08/15/40 (a) | 190,000 | 190,397 |
5.40%, 02/01/43 (a) | 100,000 | 93,960 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 550,000 | 574,997 |
3.75%, 07/08/30 (a) | 500,000 | 437,795 |
6.88%, 11/21/36 | 523,000 | 561,101 |
6.88%, 11/10/39 | 375,000 | 400,436 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 250,000 | 243,647 |
3.38%, 06/15/30 (a) | 150,000 | 135,206 |
2.88%, 08/15/41 (a) | 75,000 | 53,295 |
5.00%, 08/15/46 (a) | 225,000 | 213,235 |
4.38%, 11/15/47 (a) | 180,000 | 155,563 |
3.13%, 08/15/51 (a) | 200,000 | 139,726 |
3.38%, 08/15/61 (a) | 200,000 | 135,830 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 40,000 | 47,553 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 200,000 | 221,824 |
4.00%, 11/15/29 (a) | 175,000 | 166,061 |
7.38%, 03/15/32 | 450,000 | 521,208 |
WRKCo, Inc. | ||
3.00%, 09/15/24 (a) | 250,000 | 244,095 |
3.75%, 03/15/25 (a) | 200,000 | 198,114 |
4.65%, 03/15/26 (a) | 350,000 | 352,271 |
3.90%, 06/01/28 (a) | 250,000 | 241,807 |
4.90%, 03/15/29 (a) | 300,000 | 302,145 |
4.20%, 06/01/32 (a) | 250,000 | 237,072 |
3.00%, 06/15/33 (a) | 250,000 | 211,353 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(c) | 150,000 | 120,951 |
47,133,760 | ||
Capital Goods 1.3% | ||
3M Co. | ||
3.25%, 02/14/24 (a) | 250,000 | 250,352 |
2.00%, 02/14/25 (a) | 450,000 | 433,552 |
2.65%, 04/15/25 (a) | 200,000 | 195,436 |
3.00%, 08/07/25 | 100,000 | 98,505 |
2.25%, 09/19/26 (a) | 100,000 | 94,593 |
2.88%, 10/15/27 (a) | 300,000 | 288,513 |
3.38%, 03/01/29 (a) | 150,000 | 144,420 |
2.38%, 08/26/29 (a) | 350,000 | 313,607 |
3.05%, 04/15/30 (a) | 200,000 | 186,008 |
3.13%, 09/19/46 (a) | 200,000 | 158,000 |
3.63%, 10/15/47 (a) | 250,000 | 214,228 |
4.00%, 09/14/48 (a) | 450,000 | 407,925 |
3.25%, 08/26/49 (a) | 300,000 | 239,694 |
3.70%, 04/15/50 (a)(e) | 250,000 | 216,020 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 200,000 | 196,446 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 200,000 | 159,166 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 110,000 | 97,770 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 350,000 | 340,662 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 80,000 | 76,926 |
4.50%, 05/15/28 (a) | 300,000 | 295,590 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 250,000 | 205,305 |
2.69%, 05/25/31 (a) | 250,000 | 204,265 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 200,000 | 190,612 |
4.35%, 06/01/29 (a) | 200,000 | 196,662 |
2.80%, 02/15/30 (a) | 300,000 | 261,438 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 200,000 | 200,558 |
2.65%, 04/30/30 (a) | 200,000 | 167,272 |
Berry Global, Inc. | ||
0.95%, 02/15/24 (a) | 150,000 | 142,145 |
1.57%, 01/15/26 (a) | 600,000 | 535,944 |
1.65%, 01/15/27 (a) | 100,000 | 87,401 |
Boeing Co. | ||
1.95%, 02/01/24 | 350,000 | 338,250 |
1.43%, 02/04/24 (a) | 900,000 | 861,426 |
2.80%, 03/01/24 (a) | 150,000 | 147,221 |
2.85%, 10/30/24 (a) | 100,000 | 97,373 |
4.88%, 05/01/25 (a) | 1,100,000 | 1,096,238 |
2.60%, 10/30/25 (a) | 100,000 | 93,548 |
2.75%, 02/01/26 (a) | 500,000 | 464,670 |
2.20%, 02/04/26 (a) | 1,750,000 | 1,580,092 |
3.10%, 05/01/26 (a) | 200,000 | 187,232 |
2.25%, 06/15/26 (a) | 50,000 | 45,157 |
2.70%, 02/01/27 (a) | 300,000 | 267,084 |
2.80%, 03/01/27 (a) | 100,000 | 89,762 |
5.04%, 05/01/27 (a) | 650,000 | 642,395 |
3.25%, 03/01/28 (a) | 100,000 | 90,007 |
3.45%, 11/01/28 (a) | 150,000 | 134,117 |
3.20%, 03/01/29 (a) | 350,000 | 303,891 |
2.95%, 02/01/30 (a) | 250,000 | 207,833 |
5.15%, 05/01/30 (a) | 1,400,000 | 1,344,042 |
3.63%, 02/01/31 (a) | 500,000 | 432,920 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.13%, 02/15/33 | 150,000 | 153,561 |
3.60%, 05/01/34 (a) | 250,000 | 200,115 |
3.25%, 02/01/35 (a) | 250,000 | 190,655 |
3.55%, 03/01/38 (a) | 150,000 | 110,160 |
3.50%, 03/01/39 (a) | 150,000 | 108,999 |
6.88%, 03/15/39 | 100,000 | 104,590 |
5.88%, 02/15/40 | 150,000 | 141,594 |
5.71%, 05/01/40 (a) | 900,000 | 842,823 |
3.65%, 03/01/47 (a) | 100,000 | 68,376 |
3.63%, 03/01/48 (a) | 100,000 | 67,465 |
3.85%, 11/01/48 (a) | 150,000 | 107,204 |
3.90%, 05/01/49 (a) | 150,000 | 107,336 |
3.75%, 02/01/50 (a) | 425,000 | 300,003 |
5.81%, 05/01/50 (a) | 1,700,000 | 1,567,536 |
3.83%, 03/01/59 (a) | 100,000 | 65,081 |
3.95%, 08/01/59 (a) | 340,000 | 230,000 |
5.93%, 05/01/60 (a) | 1,100,000 | 1,014,321 |
Carlisle Cos., Inc. | ||
0.55%, 09/01/23 (a) | 100,000 | 96,590 |
3.50%, 12/01/24 (a) | 400,000 | 395,256 |
2.75%, 03/01/30 (a) | 250,000 | 210,233 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 450,000 | 427,608 |
2.49%, 02/15/27 (a) | 89,000 | 81,338 |
2.72%, 02/15/30 (a) | 700,000 | 606,452 |
2.70%, 02/15/31 (a)(c) | 250,000 | 211,970 |
3.38%, 04/05/40 (a) | 500,000 | 392,980 |
3.58%, 04/05/50 (a)(c) | 550,000 | 417,967 |
Caterpillar Financial Services Corp. | ||
0.65%, 07/07/23 | 500,000 | 487,730 |
0.45%, 09/14/23 | 400,000 | 388,268 |
3.75%, 11/24/23 | 200,000 | 201,810 |
3.65%, 12/07/23 | 100,000 | 100,765 |
2.85%, 05/17/24 | 150,000 | 148,743 |
3.30%, 06/09/24 | 250,000 | 250,047 |
0.60%, 09/13/24 | 200,000 | 188,320 |
2.15%, 11/08/24 | 450,000 | 437,112 |
3.25%, 12/01/24 | 100,000 | 99,969 |
1.45%, 05/15/25 | 300,000 | 283,428 |
0.80%, 11/13/25 | 500,000 | 454,775 |
0.90%, 03/02/26 | 300,000 | 272,883 |
1.10%, 09/14/27 | 450,000 | 395,370 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 600,000 | 602,286 |
2.60%, 04/09/30 (a) | 250,000 | 227,092 |
6.05%, 08/15/36 | 325,000 | 377,114 |
5.20%, 05/27/41 | 275,000 | 296,931 |
3.80%, 08/15/42 | 250,000 | 228,845 |
4.30%, 05/15/44 (a) | 175,000 | 169,971 |
3.25%, 09/19/49 (a) | 400,000 | 329,272 |
3.25%, 04/09/50 (a) | 400,000 | 331,216 |
4.75%, 05/15/64 (a) | 200,000 | 203,546 |
CNH Industrial Capital LLC | ||
1.95%, 07/02/23 | 100,000 | 97,741 |
4.20%, 01/15/24 | 240,000 | 240,170 |
1.88%, 01/15/26 (a) | 200,000 | 181,644 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 250,000 | 252,350 |
3.85%, 11/15/27 (a) | 250,000 | 235,807 |
Crane Co. | ||
4.20%, 03/15/48 (a) | 150,000 | 122,705 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 500,000 | 489,530 |
5.38%, 10/16/29 | 250,000 | 271,782 |
3.10%, 04/15/30 (a) | 350,000 | 327,393 |
7.13%, 03/03/31 | 150,000 | 181,350 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 06/09/42 (a) | 250,000 | 235,370 |
2.88%, 09/07/49 (a) | 200,000 | 157,672 |
3.75%, 04/15/50 (a) | 300,000 | 274,821 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 150,000 | 136,725 |
5.38%, 10/15/35 | 100,000 | 103,742 |
5.38%, 03/01/41 (a) | 150,000 | 152,273 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 250,000 | 197,540 |
Eaton Corp. | ||
4.00%, 11/02/32 | 200,000 | 194,530 |
4.15%, 11/02/42 | 350,000 | 315,353 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 200,000 | 177,108 |
1.80%, 10/15/27 (a) | 350,000 | 314,065 |
1.95%, 10/15/30 (a) | 200,000 | 168,744 |
2.20%, 12/21/31 (a) | 250,000 | 211,725 |
5.25%, 11/15/39 | 140,000 | 149,034 |
2.75%, 10/15/50 (a) | 300,000 | 217,158 |
2.80%, 12/21/51 (a) | 250,000 | 183,083 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 350,000 | 298,144 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 250,000 | 236,912 |
4.30%, 06/15/46 (a) | 250,000 | 219,045 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23 (a) | 200,000 | 200,774 |
4.00%, 06/15/25 (a) | 250,000 | 247,000 |
3.25%, 09/15/29 (a) | 200,000 | 173,116 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 250,000 | 241,167 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 200,000 | 195,088 |
4.42%, 11/15/35 | 2,300,000 | 2,154,111 |
General Dynamics Corp. | ||
1.88%, 08/15/23 (a) | 200,000 | 197,478 |
2.38%, 11/15/24 (a) | 100,000 | 97,454 |
3.25%, 04/01/25 (a) | 250,000 | 248,142 |
3.50%, 05/15/25 (a) | 250,000 | 249,490 |
2.13%, 08/15/26 (a) | 250,000 | 234,867 |
3.50%, 04/01/27 (a) | 250,000 | 245,980 |
2.63%, 11/15/27 (a) | 150,000 | 140,511 |
3.75%, 05/15/28 (a) | 400,000 | 394,208 |
3.63%, 04/01/30 (a) | 350,000 | 339,349 |
2.25%, 06/01/31 (a) | 200,000 | 174,644 |
4.25%, 04/01/40 (a) | 300,000 | 287,322 |
3.60%, 11/15/42 (a) | 150,000 | 129,935 |
4.25%, 04/01/50 (a) | 175,000 | 168,312 |
General Electric Co. | ||
6.75%, 03/15/32 | 808,000 | 904,322 |
5.88%, 01/14/38 | 100,000 | 104,387 |
6.88%, 01/10/39 | 100,000 | 113,819 |
4.35%, 05/01/50 (a) | 175,000 | 152,464 |
Honeywell International, Inc. | ||
3.35%, 12/01/23 | 100,000 | 100,340 |
2.30%, 08/15/24 (a) | 250,000 | 245,580 |
1.35%, 06/01/25 (a) | 400,000 | 377,356 |
2.50%, 11/01/26 (a) | 550,000 | 525,866 |
1.10%, 03/01/27 (a) | 250,000 | 222,488 |
2.70%, 08/15/29 (a) | 250,000 | 230,032 |
1.95%, 06/01/30 (a) | 500,000 | 430,160 |
1.75%, 09/01/31 (a) | 500,000 | 414,270 |
5.70%, 03/15/37 | 200,000 | 227,666 |
3.81%, 11/21/47 (a) | 200,000 | 182,738 |
2.80%, 06/01/50 (a)(e) | 250,000 | 193,373 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 50,000 | 48,712 |
3.15%, 08/15/27 (a) | 100,000 | 94,417 |
3.50%, 02/15/28 (a) | 150,000 | 144,156 |
2.30%, 03/15/31 (a) | 150,000 | 126,440 |
Huntington Ingalls Industries, Inc. | ||
0.67%, 08/16/23 (a) | 250,000 | 241,090 |
3.48%, 12/01/27 (a) | 240,000 | 225,199 |
4.20%, 05/01/30 (a) | 250,000 | 235,790 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 350,000 | 305,564 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 115,000 | 115,499 |
2.65%, 11/15/26 (a) | 450,000 | 430,393 |
4.88%, 09/15/41 (a) | 150,000 | 154,350 |
3.90%, 09/01/42 (a) | 350,000 | 310,765 |
John Deere Capital Corp. | ||
0.70%, 07/05/23 | 50,000 | 48,841 |
0.40%, 10/10/23 | 150,000 | 145,215 |
3.45%, 01/10/24 | 200,000 | 200,764 |
2.60%, 03/07/24 | 500,000 | 494,935 |
2.65%, 06/24/24 | 475,000 | 470,616 |
2.05%, 01/09/25 | 250,000 | 242,247 |
2.13%, 03/07/25 | 250,000 | 241,672 |
3.45%, 03/13/25 | 75,000 | 75,177 |
3.40%, 06/06/25 | 250,000 | 249,275 |
3.40%, 09/11/25 | 200,000 | 199,528 |
0.70%, 01/15/26 | 200,000 | 180,952 |
2.65%, 06/10/26 | 200,000 | 192,744 |
1.05%, 06/17/26 | 250,000 | 226,535 |
2.25%, 09/14/26 | 400,000 | 376,844 |
1.75%, 03/09/27 | 150,000 | 136,979 |
2.80%, 09/08/27 | 350,000 | 334,113 |
3.05%, 01/06/28 | 50,000 | 48,006 |
3.45%, 03/07/29 | 200,000 | 193,560 |
2.80%, 07/18/29 | 400,000 | 368,696 |
2.45%, 01/09/30 | 200,000 | 179,628 |
2.00%, 06/17/31 | 200,000 | 170,216 |
Johnson Controls International plc | ||
3.63%, 07/02/24 (a) | 150,000 | 148,835 |
3.90%, 02/14/26 (a) | 183,000 | 182,228 |
1.75%, 09/15/30 (a) | 150,000 | 122,393 |
6.00%, 01/15/36 | 382,000 | 416,743 |
4.63%, 07/02/44 (a) | 200,000 | 180,612 |
5.13%, 09/14/45 (a) | 174,000 | 168,663 |
4.50%, 02/15/47 (a) | 50,000 | 43,890 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 300,000 | 293,031 |
L3Harris Technologies, Inc. | ||
3.95%, 05/28/24 (a) | 100,000 | 100,465 |
3.83%, 04/27/25 (a) | 200,000 | 197,948 |
3.85%, 12/15/26 (a) | 200,000 | 196,378 |
4.40%, 06/15/28 (a) | 545,000 | 536,040 |
2.90%, 12/15/29 (a) | 150,000 | 134,283 |
1.80%, 01/15/31 (a) | 200,000 | 159,650 |
4.85%, 04/27/35 (a) | 200,000 | 198,084 |
6.15%, 12/15/40 | 50,000 | 55,293 |
5.05%, 04/27/45 (a) | 100,000 | 97,628 |
Lafarge S.A. | ||
7.13%, 07/15/36 | 150,000 | 178,098 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 200,000 | 189,650 |
4.40%, 03/15/29 (a) | 226,000 | 219,842 |
3.50%, 11/15/51 (a) | 150,000 | 113,910 |
Legrand France S.A. | ||
8.50%, 02/15/25 | 200,000 | 221,434 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 91,779 |
1.70%, 08/01/27 (a) | 300,000 | 262,770 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 225,000 | 225,423 |
1.85%, 06/15/30 (a) | 300,000 | 256,251 |
3.60%, 03/01/35 (a) | 100,000 | 92,421 |
4.50%, 05/15/36 (a) | 100,000 | 100,052 |
6.15%, 09/01/36 | 300,000 | 347,988 |
5.72%, 06/01/40 | 165,000 | 183,332 |
4.07%, 12/15/42 | 450,000 | 418,144 |
3.80%, 03/01/45 (a) | 350,000 | 309,561 |
4.70%, 05/15/46 (a) | 350,000 | 354,746 |
2.80%, 06/15/50 (a) | 250,000 | 187,350 |
4.09%, 09/15/52 (a) | 525,000 | 490,733 |
4.15%, 06/15/53 (a) | 200,000 | 187,548 |
4.30%, 06/15/62 (a) | 200,000 | 188,908 |
Martin Marietta Materials, Inc. | ||
0.65%, 07/15/23 (a) | 250,000 | 241,595 |
4.25%, 07/02/24 (a) | 100,000 | 100,599 |
3.45%, 06/01/27 (a) | 25,000 | 23,875 |
3.50%, 12/15/27 (a) | 150,000 | 141,954 |
2.50%, 03/15/30 (a) | 200,000 | 168,846 |
2.40%, 07/15/31 (a) | 400,000 | 327,060 |
4.25%, 12/15/47 (a) | 300,000 | 250,959 |
Masco Corp. | ||
2.00%, 10/01/30 (a) | 350,000 | 277,368 |
4.50%, 05/15/47 (a) | 300,000 | 256,968 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 200,000 | 179,154 |
Northrop Grumman Corp. | ||
3.25%, 08/01/23 | 250,000 | 250,010 |
2.93%, 01/15/25 (a) | 550,000 | 538,686 |
3.20%, 02/01/27 (a) | 300,000 | 288,513 |
3.25%, 01/15/28 (a) | 450,000 | 427,698 |
4.40%, 05/01/30 (a) | 300,000 | 300,003 |
5.15%, 05/01/40 (a) | 100,000 | 101,492 |
5.05%, 11/15/40 | 150,000 | 150,641 |
4.75%, 06/01/43 | 300,000 | 288,099 |
3.85%, 04/15/45 (a) | 200,000 | 169,460 |
4.03%, 10/15/47 (a) | 700,000 | 622,958 |
5.25%, 05/01/50 (a) | 300,000 | 318,306 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 200,000 | 193,736 |
2.75%, 11/15/31 (a) | 100,000 | 81,277 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 150,000 | 128,829 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 500,000 | 473,555 |
2.29%, 04/05/27 (a) | 200,000 | 181,742 |
2.57%, 02/15/30 (a) | 500,000 | 432,715 |
3.11%, 02/15/40 (a) | 50,000 | 38,850 |
3.36%, 02/15/50 (a) | 300,000 | 226,920 |
Owens Corning | ||
3.40%, 08/15/26 (a) | 225,000 | 214,893 |
3.95%, 08/15/29 (a) | 150,000 | 139,184 |
3.88%, 06/01/30 (a) | 100,000 | 91,640 |
7.00%, 12/01/36 | 145,000 | 159,944 |
4.30%, 07/15/47 (a) | 200,000 | 164,252 |
4.40%, 01/30/48 (a) | 150,000 | 124,374 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 200,000 | 195,604 |
3.65%, 06/15/24 | 400,000 | 397,468 |
3.25%, 03/01/27 (a) | 100,000 | 95,565 |
4.25%, 09/15/27 (a) | 400,000 | 398,024 |
3.25%, 06/14/29 (a) | 370,000 | 338,702 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 11/21/34 (a) | 150,000 | 140,145 |
6.25%, 05/15/38 | 150,000 | 164,489 |
4.45%, 11/21/44 (a) | 200,000 | 179,680 |
4.10%, 03/01/47 (a) | 150,000 | 128,325 |
4.00%, 06/14/49 (a) | 250,000 | 211,808 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 150,000 | 143,871 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 200,000 | 199,362 |
3.90%, 01/15/43 (a) | 250,000 | 222,502 |
4.38%, 06/15/45 (a) | 139,000 | 133,297 |
Raytheon Technologies Corp. | ||
3.70%, 12/15/23 (a) | 200,000 | 200,902 |
3.20%, 03/15/24 (a) | 250,000 | 249,487 |
3.95%, 08/16/25 (a) | 500,000 | 502,330 |
2.65%, 11/01/26 (a) | 250,000 | 239,187 |
3.50%, 03/15/27 (a) | 200,000 | 195,524 |
3.13%, 05/04/27 (a) | 350,000 | 335,205 |
4.13%, 11/16/28 (a) | 900,000 | 889,596 |
7.50%, 09/15/29 | 250,000 | 297,392 |
2.25%, 07/01/30 (a) | 450,000 | 388,399 |
1.90%, 09/01/31 (a) | 350,000 | 287,199 |
5.40%, 05/01/35 | 250,000 | 266,082 |
6.05%, 06/01/36 | 100,000 | 113,244 |
6.13%, 07/15/38 | 200,000 | 226,230 |
4.45%, 11/16/38 (a) | 300,000 | 288,738 |
5.70%, 04/15/40 | 200,000 | 217,740 |
4.88%, 10/15/40 (c) | 150,000 | 149,175 |
4.70%, 12/15/41 | 200,000 | 192,818 |
4.50%, 06/01/42 | 1,000,000 | 953,880 |
4.80%, 12/15/43 (a) | 165,000 | 162,989 |
4.15%, 05/15/45 (a) | 425,000 | 379,601 |
3.75%, 11/01/46 (a) | 350,000 | 298,266 |
4.35%, 04/15/47 (a) | 350,000 | 324,992 |
4.05%, 05/04/47 (a) | 250,000 | 222,615 |
4.63%, 11/16/48 (a) | 350,000 | 342,195 |
3.13%, 07/01/50 (a) | 300,000 | 231,003 |
2.82%, 09/01/51 (a) | 350,000 | 251,107 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 350,000 | 339,416 |
0.88%, 11/15/25 (a) | 150,000 | 135,534 |
2.90%, 07/01/26 (a) | 200,000 | 191,180 |
3.38%, 11/15/27 (a) | 600,000 | 573,546 |
3.95%, 05/15/28 (a) | 75,000 | 73,821 |
2.30%, 03/01/30 (a) | 250,000 | 214,740 |
1.45%, 02/15/31 (a) | 250,000 | 196,685 |
1.75%, 02/15/32 (a) | 250,000 | 197,228 |
6.20%, 03/01/40 | 100,000 | 111,424 |
3.05%, 03/01/50 (a) | 150,000 | 111,854 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 100,000 | 96,350 |
1.75%, 08/15/31 (a) | 200,000 | 163,926 |
4.20%, 03/01/49 (a) | 250,000 | 231,840 |
2.80%, 08/15/61 (a) | 150,000 | 99,423 |
Roper Technologies, Inc. | ||
2.35%, 09/15/24 (a) | 150,000 | 145,604 |
1.00%, 09/15/25 (a) | 250,000 | 226,185 |
3.85%, 12/15/25 (a) | 300,000 | 298,314 |
3.80%, 12/15/26 (a) | 150,000 | 146,934 |
1.40%, 09/15/27 (a) | 350,000 | 300,104 |
4.20%, 09/15/28 (a) | 50,000 | 49,059 |
2.95%, 09/15/29 (a) | 400,000 | 353,156 |
2.00%, 06/30/30 (a) | 250,000 | 202,328 |
1.75%, 02/15/31 (a) | 250,000 | 195,093 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Snap-on, Inc. | ||
4.10%, 03/01/48 (a) | 100,000 | 91,557 |
3.10%, 05/01/50 (a) | 200,000 | 157,714 |
Sonoco Products Co. | ||
1.80%, 02/01/25 (a) | 125,000 | 117,233 |
3.13%, 05/01/30 (a) | 400,000 | 350,628 |
2.85%, 02/01/32 (a) | 100,000 | 83,673 |
5.75%, 11/01/40 (a) | 130,000 | 133,228 |
Stanley Black & Decker, Inc. | ||
2.30%, 02/24/25 (a) | 150,000 | 145,409 |
3.40%, 03/01/26 (a) | 100,000 | 98,461 |
4.25%, 11/15/28 (a) | 150,000 | 150,201 |
2.30%, 03/15/30 (a) | 350,000 | 301,049 |
5.20%, 09/01/40 | 109,000 | 111,472 |
4.85%, 11/15/48 (a) | 200,000 | 200,610 |
2.75%, 11/15/50 (a) | 250,000 | 172,785 |
4.00%, 03/15/60 (a)(b) | 350,000 | 305,795 |
Teledyne Technologies, Inc. | ||
1.60%, 04/01/26 (a) | 250,000 | 224,512 |
2.75%, 04/01/31 (a) | 375,000 | 313,774 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 100,000 | 100,523 |
3.88%, 03/01/25 (a) | 100,000 | 99,563 |
4.00%, 03/15/26 (a) | 150,000 | 148,458 |
3.65%, 03/15/27 (a) | 200,000 | 193,858 |
3.38%, 03/01/28 (a) | 100,000 | 94,897 |
3.90%, 09/17/29 (a) | 200,000 | 188,970 |
2.45%, 03/15/31 (a) | 150,000 | 123,410 |
Timken Co. | ||
3.88%, 09/01/24 (a) | 150,000 | 148,806 |
4.50%, 12/15/28 (a) | 150,000 | 147,597 |
Trane Technologies Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 300,000 | 284,073 |
5.75%, 06/15/43 | 200,000 | 208,084 |
4.30%, 02/21/48 (a) | 150,000 | 133,200 |
Trane Technologies Luxembourg Finance S.A. | ||
3.80%, 03/21/29 (a) | 200,000 | 187,894 |
4.65%, 11/01/44 (a) | 100,000 | 90,929 |
United Rentals North America, Inc. | ||
3.88%, 11/15/27 (a) | 300,000 | 279,204 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 180,000 | 167,312 |
5.25%, 10/01/54 (a) | 100,000 | 97,092 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 200,000 | 175,536 |
2.40%, 04/01/28 (a) | 200,000 | 167,084 |
2.95%, 04/01/31 (a) | 225,000 | 176,002 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 200,000 | 197,222 |
3.50%, 06/01/30 (a) | 250,000 | 225,742 |
4.50%, 06/15/47 (a) | 250,000 | 222,897 |
4.70%, 03/01/48 (a) | 150,000 | 137,900 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 200,000 | 197,598 |
3.50%, 05/01/29 (a) | 209,000 | 196,880 |
2.60%, 02/01/30 (a) | 250,000 | 218,895 |
2.20%, 01/15/32 (a) | 200,000 | 164,402 |
3.20%, 06/01/32 (a) | 250,000 | 223,022 |
2.95%, 01/15/52 (a) | 300,000 | 216,294 |
Waste Management, Inc. | ||
0.75%, 11/15/25 (a) | 300,000 | 273,528 |
3.15%, 11/15/27 (a) | 300,000 | 288,126 |
1.15%, 03/15/28 (a) | 250,000 | 213,060 |
1.50%, 03/15/31 (a) | 50,000 | 39,876 |
4.10%, 03/01/45 (a) | 250,000 | 225,795 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.15%, 07/15/49 (a) | 300,000 | 275,529 |
2.50%, 11/15/50 (a) | 300,000 | 205,629 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(f) | 300,000 | 299,514 |
3.20%, 06/15/25 (a) | 200,000 | 191,044 |
3.45%, 11/15/26 (a) | 125,000 | 114,899 |
4.95%, 09/15/28 (a)(f) | 450,000 | 433,192 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 300,000 | 286,005 |
4.60%, 06/15/45 (a) | 150,000 | 143,688 |
4.20%, 05/15/47 (a) | 350,000 | 321,881 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 185,000 | 179,060 |
1.95%, 01/30/28 (a) | 100,000 | 88,541 |
2.25%, 01/30/31 (a) | 250,000 | 208,485 |
4.38%, 11/01/46 (a) | 145,000 | 132,102 |
97,642,362 | ||
Communications 2.1% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 300,000 | 295,269 |
3.40%, 06/15/27 (a) | 150,000 | 145,811 |
1.35%, 09/15/30 (a) | 175,000 | 140,623 |
4.50%, 06/15/47 (a) | 78,000 | 75,746 |
2.50%, 09/15/50 (a) | 500,000 | 343,640 |
America Movil S.A.B. de C.V. | ||
3.63%, 04/22/29 (a) | 300,000 | 285,876 |
2.88%, 05/07/30 (a) | 350,000 | 313,656 |
6.38%, 03/01/35 | 350,000 | 399,994 |
6.13%, 11/15/37 | 150,000 | 163,326 |
6.13%, 03/30/40 | 600,000 | 665,820 |
4.38%, 07/16/42 | 300,000 | 273,660 |
4.38%, 04/22/49 (a) | 350,000 | 328,030 |
American Tower Corp. | ||
5.00%, 02/15/24 | 350,000 | 354,473 |
3.38%, 05/15/24 (a) | 250,000 | 246,398 |
2.95%, 01/15/25 (a) | 280,000 | 270,483 |
2.40%, 03/15/25 (a) | 350,000 | 330,904 |
4.00%, 06/01/25 (a) | 100,000 | 98,979 |
4.40%, 02/15/26 (a) | 100,000 | 99,581 |
1.60%, 04/15/26 (a) | 350,000 | 313,841 |
3.38%, 10/15/26 (a) | 250,000 | 236,600 |
2.75%, 01/15/27 (a) | 65,000 | 59,456 |
3.13%, 01/15/27 (a) | 150,000 | 139,314 |
3.65%, 03/15/27 (a) | 250,000 | 238,035 |
3.55%, 07/15/27 (a) | 450,000 | 422,707 |
3.60%, 01/15/28 (a) | 300,000 | 279,177 |
1.50%, 01/31/28 (a) | 250,000 | 208,163 |
3.95%, 03/15/29 (a) | 350,000 | 326,322 |
3.80%, 08/15/29 (a) | 650,000 | 597,265 |
2.90%, 01/15/30 (a) | 150,000 | 128,181 |
1.88%, 10/15/30 (a) | 250,000 | 195,118 |
2.30%, 09/15/31 (a) | 200,000 | 158,626 |
4.05%, 03/15/32 (a) | 250,000 | 227,855 |
3.70%, 10/15/49 (a) | 300,000 | 226,968 |
3.10%, 06/15/50 (a) | 375,000 | 260,059 |
2.95%, 01/15/51 (a) | 250,000 | 168,955 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 350,000 | 334,509 |
3.88%, 01/15/26 (a) | 100,000 | 100,035 |
1.70%, 03/25/26 (a) | 900,000 | 823,392 |
2.95%, 07/15/26 (a) | 150,000 | 143,651 |
3.80%, 02/15/27 (a) | 250,000 | 245,618 |
4.25%, 03/01/27 (a) | 500,000 | 499,395 |
2.30%, 06/01/27 (a) | 800,000 | 730,888 |
1.65%, 02/01/28 (a) | 550,000 | 475,513 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.10%, 02/15/28 (a) | 550,000 | 540,463 |
4.35%, 03/01/29 (a) | 950,000 | 936,424 |
4.30%, 02/15/30 (a) | 950,000 | 927,988 |
2.75%, 06/01/31 (a) | 1,050,000 | 908,365 |
2.25%, 02/01/32 (a) | 800,000 | 653,832 |
2.55%, 12/01/33 (a) | 1,281,000 | 1,039,877 |
4.50%, 05/15/35 (a) | 800,000 | 759,256 |
5.25%, 03/01/37 (a) | 550,000 | 570,009 |
4.90%, 08/15/37 (a) | 129,000 | 128,469 |
4.85%, 03/01/39 (a) | 340,000 | 325,655 |
5.35%, 09/01/40 | 250,000 | 247,085 |
3.50%, 06/01/41 (a) | 800,000 | 640,824 |
4.30%, 12/15/42 (a) | 400,000 | 349,028 |
3.10%, 02/01/43 (a) | 300,000 | 223,809 |
4.65%, 06/01/44 (a) | 150,000 | 137,394 |
4.35%, 06/15/45 (a) | 400,000 | 349,680 |
4.75%, 05/15/46 (a) | 600,000 | 556,848 |
5.15%, 11/15/46 (a) | 300,000 | 297,618 |
5.65%, 02/15/47 (a) | 300,000 | 323,277 |
5.45%, 03/01/47 (a) | 228,000 | 238,050 |
4.50%, 03/09/48 (a) | 500,000 | 445,815 |
4.55%, 03/09/49 (a) | 309,000 | 281,867 |
5.15%, 02/15/50 (a) | 200,000 | 199,074 |
3.65%, 06/01/51 (a) | 975,000 | 762,879 |
3.30%, 02/01/52 (a) | 400,000 | 294,908 |
3.50%, 09/15/53 (a) | 2,315,000 | 1,759,215 |
3.55%, 09/15/55 (a) | 2,350,000 | 1,764,521 |
3.80%, 12/01/57 (a) | 1,825,000 | 1,416,912 |
3.65%, 09/15/59 (a) | 2,044,000 | 1,533,531 |
3.85%, 06/01/60 (a) | 400,000 | 310,596 |
3.50%, 02/01/61 (a) | 100,000 | 72,745 |
Bell Canada | ||
0.75%, 03/17/24 | 250,000 | 238,298 |
4.46%, 04/01/48 (a) | 550,000 | 504,234 |
4.30%, 07/29/49 (a) | 50,000 | 44,817 |
3.20%, 02/15/52 (a) | 300,000 | 222,198 |
3.65%, 08/15/52 (a) | 250,000 | 200,255 |
British Telecommunications PLC | ||
4.50%, 12/04/23 (a) | 250,000 | 251,428 |
5.13%, 12/04/28 (a) | 1,050,000 | 1,050,357 |
9.63%, 12/15/30 (f) | 150,000 | 186,915 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.50%, 02/01/24 (a) | 250,000 | 251,690 |
4.91%, 07/23/25 (a) | 1,450,000 | 1,454,263 |
3.75%, 02/15/28 (a) | 375,000 | 345,709 |
4.20%, 03/15/28 (a) | 250,000 | 233,783 |
2.25%, 01/15/29 (a) | 200,000 | 164,824 |
5.05%, 03/30/29 (a) | 500,000 | 482,755 |
2.80%, 04/01/31 (a) | 500,000 | 400,935 |
2.30%, 02/01/32 (a) | 300,000 | 227,985 |
4.40%, 04/01/33 (a) | 150,000 | 134,474 |
6.38%, 10/23/35 (a) | 700,000 | 707,238 |
5.38%, 04/01/38 (a) | 300,000 | 267,567 |
3.50%, 06/01/41 (a) | 300,000 | 211,731 |
3.50%, 03/01/42 (a) | 450,000 | 313,740 |
6.48%, 10/23/45 (a) | 1,150,000 | 1,121,940 |
5.38%, 05/01/47 (a) | 800,000 | 686,712 |
5.75%, 04/01/48 (a) | 800,000 | 720,552 |
5.13%, 07/01/49 (a) | 400,000 | 334,580 |
4.80%, 03/01/50 (a) | 900,000 | 713,889 |
3.70%, 04/01/51 (a) | 550,000 | 374,561 |
3.90%, 06/01/52 (a) | 750,000 | 525,202 |
5.25%, 04/01/53 (a) | 400,000 | 341,444 |
6.83%, 10/23/55 (a) | 150,000 | 152,196 |
3.85%, 04/01/61 (a) | 600,000 | 395,598 |
4.40%, 12/01/61 (a) | 200,000 | 144,934 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 06/30/62 (a) | 450,000 | 300,942 |
5.50%, 04/01/63 (a) | 300,000 | 256,200 |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 850,000 | 852,737 |
3.38%, 02/15/25 (a) | 200,000 | 198,624 |
3.38%, 08/15/25 (a) | 500,000 | 494,370 |
3.95%, 10/15/25 (a) | 1,000,000 | 1,005,360 |
3.15%, 03/01/26 (a) | 700,000 | 683,046 |
2.35%, 01/15/27 (a) | 450,000 | 420,025 |
3.30%, 02/01/27 (a) | 430,000 | 418,321 |
3.15%, 02/15/28 (a) | 550,000 | 524,419 |
3.55%, 05/01/28 (a) | 292,000 | 283,488 |
4.15%, 10/15/28 (a) | 1,250,000 | 1,247,637 |
2.65%, 02/01/30 (a) | 500,000 | 447,110 |
3.40%, 04/01/30 (a) | 500,000 | 469,100 |
4.25%, 10/15/30 (a) | 500,000 | 493,385 |
1.95%, 01/15/31 (a) | 500,000 | 416,110 |
1.50%, 02/15/31 (a) | 350,000 | 281,533 |
4.25%, 01/15/33 | 500,000 | 492,010 |
7.05%, 03/15/33 | 250,000 | 300,717 |
4.20%, 08/15/34 (a) | 350,000 | 338,072 |
5.65%, 06/15/35 | 150,000 | 164,055 |
4.40%, 08/15/35 (a) | 230,000 | 223,645 |
6.50%, 11/15/35 | 250,000 | 291,792 |
3.20%, 07/15/36 (a) | 350,000 | 298,196 |
3.90%, 03/01/38 (a) | 450,000 | 408,663 |
4.60%, 10/15/38 (a) | 300,000 | 291,822 |
3.25%, 11/01/39 (a) | 400,000 | 329,072 |
3.75%, 04/01/40 (a) | 450,000 | 395,424 |
4.65%, 07/15/42 | 150,000 | 145,715 |
4.75%, 03/01/44 | 200,000 | 194,558 |
4.60%, 08/15/45 (a) | 250,000 | 239,523 |
3.40%, 07/15/46 (a) | 400,000 | 320,980 |
4.00%, 08/15/47 (a) | 266,000 | 231,883 |
3.97%, 11/01/47 (a) | 648,000 | 561,311 |
4.00%, 03/01/48 (a) | 350,000 | 305,980 |
4.70%, 10/15/48 (a) | 600,000 | 584,088 |
4.00%, 11/01/49 (a) | 600,000 | 524,304 |
3.45%, 02/01/50 (a) | 600,000 | 478,650 |
2.80%, 01/15/51 (a) | 500,000 | 354,060 |
2.89%, 11/01/51 (a) | 1,483,000 | 1,060,968 |
2.45%, 08/15/52 (a) | 550,000 | 366,602 |
4.05%, 11/01/52 (a) | 278,000 | 243,942 |
2.94%, 11/01/56 (a) | 1,863,000 | 1,295,605 |
4.95%, 10/15/58 (a) | 300,000 | 300,606 |
2.65%, 08/15/62 (a) | 450,000 | 290,880 |
2.99%, 11/01/63 (a) | 1,290,000 | 882,270 |
Crown Castle International Corp. | ||
3.15%, 07/15/23 (a) | 50,000 | 49,448 |
3.20%, 09/01/24 (a) | 350,000 | 342,937 |
1.35%, 07/15/25 (a) | 200,000 | 182,846 |
4.45%, 02/15/26 (a) | 300,000 | 297,435 |
3.70%, 06/15/26 (a) | 250,000 | 241,658 |
1.05%, 07/15/26 (a) | 100,000 | 86,789 |
4.00%, 03/01/27 (a) | 200,000 | 194,298 |
2.90%, 03/15/27 (a) | 250,000 | 231,530 |
3.65%, 09/01/27 (a) | 300,000 | 283,914 |
3.80%, 02/15/28 (a) | 350,000 | 330,529 |
3.10%, 11/15/29 (a) | 200,000 | 176,550 |
3.30%, 07/01/30 (a) | 300,000 | 265,194 |
2.25%, 01/15/31 (a) | 400,000 | 324,828 |
2.10%, 04/01/31 (a) | 375,000 | 298,069 |
2.50%, 07/15/31 (a) | 250,000 | 205,478 |
2.90%, 04/01/41 (a) | 300,000 | 217,575 |
4.75%, 05/15/47 (a) | 125,000 | 113,414 |
5.20%, 02/15/49 (a) | 100,000 | 96,483 |
4.00%, 11/15/49 (a) | 50,000 | 40,530 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.15%, 07/01/50 (a) | 150,000 | 124,739 |
3.25%, 01/15/51 (a) | 300,000 | 216,075 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 1,100,000 | 1,361,129 |
9.25%, 06/01/32 | 150,000 | 199,565 |
Discovery Communications LLC | ||
3.90%, 11/15/24 (a) | 200,000 | 197,066 |
3.45%, 03/15/25 (a) | 250,000 | 241,920 |
4.90%, 03/11/26 (a) | 100,000 | 100,274 |
3.95%, 03/20/28 (a) | 550,000 | 515,130 |
4.13%, 05/15/29 (a) | 250,000 | 230,540 |
3.63%, 05/15/30 (a) | 250,000 | 222,720 |
5.00%, 09/20/37 (a) | 200,000 | 180,424 |
6.35%, 06/01/40 | 200,000 | 198,232 |
4.88%, 04/01/43 | 175,000 | 145,875 |
5.20%, 09/20/47 (a) | 400,000 | 343,284 |
5.30%, 05/15/49 (a) | 200,000 | 174,158 |
4.65%, 05/15/50 (a) | 300,000 | 236,394 |
4.00%, 09/15/55 (a) | 539,000 | 377,667 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 76,745 |
1.85%, 02/15/31 (a) | 250,000 | 203,410 |
2.95%, 02/15/51 (a) | 250,000 | 183,560 |
Fox Corp. | ||
4.03%, 01/25/24 (a) | 250,000 | 250,040 |
3.05%, 04/07/25 (a) | 250,000 | 242,458 |
4.71%, 01/25/29 (a) | 650,000 | 638,397 |
3.50%, 04/08/30 (a) | 300,000 | 272,682 |
5.48%, 01/25/39 (a) | 350,000 | 340,781 |
5.58%, 01/25/49 (a) | 450,000 | 439,128 |
Grupo Televisa S.A.B. | ||
6.63%, 03/18/25 | 278,000 | 293,568 |
8.50%, 03/11/32 | 50,000 | 62,050 |
6.63%, 01/15/40 | 200,000 | 216,794 |
5.00%, 05/13/45 (a) | 400,000 | 372,432 |
6.13%, 01/31/46 (a) | 250,000 | 276,115 |
5.25%, 05/24/49 (a) | 200,000 | 197,948 |
Interpublic Group of Cos., Inc. | ||
4.75%, 03/30/30 (a) | 300,000 | 295,266 |
2.40%, 03/01/31 (a) | 200,000 | 162,492 |
5.40%, 10/01/48 (a) | 150,000 | 147,260 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 190,000 | 227,888 |
Magallanes, Inc. | ||
3.43%, 03/15/24 (c) | 500,000 | 490,210 |
3.64%, 03/15/25 (c) | 500,000 | 485,470 |
3.76%, 03/15/27 (a)(c) | 1,250,000 | 1,173,512 |
4.05%, 03/15/29 (a)(c) | 500,000 | 459,000 |
4.28%, 03/15/32 (a)(c) | 1,500,000 | 1,340,970 |
5.05%, 03/15/42 (a)(c) | 1,400,000 | 1,192,002 |
5.14%, 03/15/52 (a)(c) | 2,000,000 | 1,681,660 |
5.39%, 03/15/62 (a)(c) | 925,000 | 776,833 |
NBCUniversal Media LLC | ||
5.95%, 04/01/41 | 200,000 | 223,898 |
4.45%, 01/15/43 | 200,000 | 186,726 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 300,000 | 253,452 |
4.20%, 06/01/30 (a) | 200,000 | 191,356 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 250,000 | 248,158 |
3.60%, 04/15/26 (a) | 500,000 | 486,550 |
Orange S.A. | ||
9.00%, 03/01/31 | 800,000 | 1,033,536 |
5.38%, 01/13/42 | 250,000 | 258,795 |
5.50%, 02/06/44 (a) | 250,000 | 264,338 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rogers Communications, Inc. | ||
4.10%, 10/01/23 (a) | 250,000 | 251,375 |
2.95%, 03/15/25 (a)(c) | 300,000 | 290,226 |
3.63%, 12/15/25 (a) | 270,000 | 264,530 |
2.90%, 11/15/26 (a) | 100,000 | 94,588 |
3.20%, 03/15/27 (a)(c) | 400,000 | 379,844 |
3.80%, 03/15/32 (a)(c) | 500,000 | 458,615 |
4.50%, 03/15/42 (a)(c) | 250,000 | 223,068 |
4.50%, 03/15/43 (a) | 225,000 | 193,802 |
5.45%, 10/01/43 (a) | 250,000 | 248,345 |
5.00%, 03/15/44 (a) | 350,000 | 326,620 |
4.30%, 02/15/48 (a) | 150,000 | 125,805 |
4.35%, 05/01/49 (a) | 450,000 | 383,724 |
3.70%, 11/15/49 (a) | 350,000 | 266,956 |
4.55%, 03/15/52 (a)(c) | 600,000 | 530,628 |
Take-Two Interactive Software, Inc. | ||
3.30%, 03/28/24 | 300,000 | 296,325 |
3.55%, 04/14/25 | 200,000 | 196,986 |
3.70%, 04/14/27 (a) | 200,000 | 194,268 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 100,000 | 112,482 |
7.13%, 02/15/28 | 150,000 | 169,796 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 350,000 | 343,147 |
7.05%, 06/20/36 | 650,000 | 734,831 |
4.67%, 03/06/38 | 250,000 | 222,885 |
5.21%, 03/08/47 | 650,000 | 580,047 |
4.90%, 03/06/48 | 400,000 | 342,764 |
5.52%, 03/01/49 (a) | 400,000 | 371,916 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 350,000 | 419,349 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 200,000 | 190,616 |
3.70%, 09/15/27 (a) | 150,000 | 147,848 |
3.40%, 05/13/32 (a) | 300,000 | 269,886 |
4.60%, 11/16/48 (a) | 200,000 | 187,740 |
4.30%, 06/15/49 (a) | 200,000 | 180,014 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 | 500,000 | 502,700 |
7.30%, 07/01/38 | 500,000 | 524,300 |
6.75%, 06/15/39 | 500,000 | 501,025 |
5.88%, 11/15/40 (a) | 250,000 | 230,463 |
5.50%, 09/01/41 (a) | 350,000 | 308,623 |
4.50%, 09/15/42 (a) | 400,000 | 314,748 |
Time Warner Entertainment Co. LP | ||
8.38%, 07/15/33 | 300,000 | 346,911 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 950,000 | 930,582 |
1.50%, 02/15/26 (a) | 350,000 | 316,893 |
3.75%, 04/15/27 (a) | 1,200,000 | 1,154,772 |
2.05%, 02/15/28 (a) | 700,000 | 609,175 |
2.40%, 03/15/29 (a) | 200,000 | 173,026 |
3.88%, 04/15/30 (a) | 2,150,000 | 2,008,014 |
2.55%, 02/15/31 (a) | 750,000 | 631,522 |
2.25%, 11/15/31 (a) | 250,000 | 203,205 |
4.38%, 04/15/40 (a) | 700,000 | 628,453 |
3.00%, 02/15/41 (a) | 600,000 | 446,076 |
4.50%, 04/15/50 (a) | 925,000 | 822,908 |
3.30%, 02/15/51 (a) | 950,000 | 693,899 |
3.40%, 10/15/52 (a) | 900,000 | 666,650 |
3.60%, 11/15/60 (c) | 250,000 | 183,898 |
3.60%, 11/15/60 (a) | 350,000 | 256,284 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 196,976 |
3.00%, 02/13/26 | 450,000 | 438,111 |
1.85%, 07/30/26 | 400,000 | 369,932 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.00%, 03/01/32 | 250,000 | 297,440 |
4.38%, 08/16/41 | 150,000 | 141,156 |
4.13%, 12/01/41 | 200,000 | 183,202 |
4.13%, 06/01/44 | 350,000 | 318,566 |
3.00%, 07/30/46 | 150,000 | 115,484 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 300,000 | 286,215 |
3.50%, 11/01/24 (a) | 358,000 | 357,613 |
3.38%, 02/15/25 | 450,000 | 447,259 |
0.85%, 11/20/25 (a) | 400,000 | 362,948 |
1.45%, 03/20/26 (a) | 600,000 | 549,618 |
2.63%, 08/15/26 | 575,000 | 543,915 |
4.13%, 03/16/27 | 950,000 | 948,280 |
3.00%, 03/22/27 (a) | 250,000 | 237,800 |
2.10%, 03/22/28 (a) | 950,000 | 844,141 |
4.33%, 09/21/28 | 1,250,000 | 1,244,475 |
3.88%, 02/08/29 (a) | 350,000 | 338,880 |
4.02%, 12/03/29 (a) | 1,157,000 | 1,123,192 |
3.15%, 03/22/30 (a) | 500,000 | 454,900 |
1.50%, 09/18/30 (a) | 300,000 | 240,189 |
1.68%, 10/30/30 (a) | 418,000 | 336,753 |
7.75%, 12/01/30 | 250,000 | 301,785 |
1.75%, 01/20/31 (a) | 700,000 | 562,898 |
2.55%, 03/21/31 (a) | 1,300,000 | 1,112,930 |
2.36%, 03/15/32 (a) | 1,290,000 | 1,070,790 |
4.50%, 08/10/33 | 700,000 | 683,746 |
4.40%, 11/01/34 (a) | 650,000 | 624,325 |
4.27%, 01/15/36 | 700,000 | 661,353 |
5.25%, 03/16/37 | 500,000 | 518,160 |
4.81%, 03/15/39 | 400,000 | 394,888 |
2.65%, 11/20/40 (a) | 750,000 | 550,395 |
3.40%, 03/22/41 (a) | 1,000,000 | 815,160 |
3.85%, 11/01/42 (a) | 406,000 | 345,563 |
6.55%, 09/15/43 | 200,000 | 243,872 |
4.13%, 08/15/46 | 400,000 | 358,332 |
4.86%, 08/21/46 | 750,000 | 740,722 |
4.52%, 09/15/48 | 400,000 | 380,212 |
4.00%, 03/22/50 (a) | 450,000 | 389,002 |
2.88%, 11/20/50 (a) | 900,000 | 639,342 |
3.55%, 03/22/51 (a) | 1,550,000 | 1,243,301 |
3.88%, 03/01/52 (a) | 250,000 | 211,213 |
5.01%, 08/21/54 | 250,000 | 257,350 |
4.67%, 03/15/55 | 225,000 | 217,526 |
2.99%, 10/30/56 (a) | 1,000,000 | 696,530 |
3.00%, 11/20/60 (a) | 750,000 | 511,807 |
3.70%, 03/22/61 (a) | 1,000,000 | 786,610 |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 222,000 | 224,398 |
2.90%, 01/15/27 (a) | 400,000 | 368,692 |
3.38%, 02/15/28 (a) | 250,000 | 229,845 |
3.70%, 06/01/28 (a) | 150,000 | 140,016 |
4.20%, 06/01/29 (a) | 289,000 | 272,510 |
4.95%, 01/15/31 (a) | 250,000 | 238,300 |
4.20%, 05/19/32 (a) | 325,000 | 288,434 |
5.50%, 05/15/33 | 100,000 | 97,549 |
6.88%, 04/30/36 | 400,000 | 417,884 |
5.90%, 10/15/40 (a) | 50,000 | 47,218 |
4.85%, 07/01/42 (a) | 200,000 | 167,580 |
4.38%, 03/15/43 | 450,000 | 348,876 |
5.85%, 09/01/43 (a) | 300,000 | 281,067 |
5.25%, 04/01/44 (a) | 150,000 | 129,125 |
4.90%, 08/15/44 (a) | 150,000 | 122,124 |
4.60%, 01/15/45 (a) | 150,000 | 118,992 |
4.95%, 05/19/50 (a) | 325,000 | 274,606 |
Vodafone Group PLC | ||
3.75%, 01/16/24 | 200,000 | 200,982 |
4.13%, 05/30/25 | 475,000 | 477,066 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 05/30/28 | 950,000 | 945,088 |
7.88%, 02/15/30 | 300,000 | 353,946 |
6.25%, 11/30/32 | 100,000 | 109,612 |
6.15%, 02/27/37 | 530,000 | 572,866 |
5.00%, 05/30/38 | 250,000 | 240,225 |
4.38%, 02/19/43 | 450,000 | 391,860 |
5.25%, 05/30/48 | 925,000 | 880,387 |
4.88%, 06/19/49 | 550,000 | 506,104 |
4.25%, 09/17/50 | 475,000 | 398,050 |
5.13%, 06/19/59 | 150,000 | 139,467 |
Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 350,000 | 337,330 |
3.70%, 09/15/24 (a) | 300,000 | 300,654 |
3.35%, 03/24/25 | 500,000 | 496,300 |
3.70%, 10/15/25 (a) | 250,000 | 250,163 |
1.75%, 01/13/26 | 500,000 | 466,335 |
3.38%, 11/15/26 (a) | 350,000 | 342,552 |
3.70%, 03/23/27 | 200,000 | 198,094 |
2.20%, 01/13/28 | 350,000 | 317,485 |
2.00%, 09/01/29 (a) | 375,000 | 322,612 |
3.80%, 03/22/30 | 200,000 | 193,300 |
2.65%, 01/13/31 | 800,000 | 704,672 |
6.20%, 12/15/34 | 400,000 | 456,448 |
6.40%, 12/15/35 | 250,000 | 291,728 |
6.15%, 03/01/37 | 100,000 | 113,490 |
6.65%, 11/15/37 | 450,000 | 537,516 |
4.63%, 03/23/40 (a) | 250,000 | 245,648 |
3.50%, 05/13/40 (a) | 550,000 | 469,887 |
6.15%, 02/15/41 | 150,000 | 172,388 |
4.75%, 09/15/44 (a) | 190,000 | 186,044 |
4.95%, 10/15/45 (a) | 185,000 | 185,553 |
4.75%, 11/15/46 (a) | 200,000 | 197,474 |
2.75%, 09/01/49 (a) | 650,000 | 467,681 |
4.70%, 03/23/50 (a) | 550,000 | 546,084 |
3.60%, 01/13/51 (a) | 850,000 | 710,498 |
3.80%, 05/13/60 (a) | 550,000 | 460,597 |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 250,000 | 243,470 |
3.38%, 07/08/30 (a) | 350,000 | 288,481 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 300,000 | 293,454 |
155,099,524 | ||
Consumer Cyclical 1.6% | ||
Advance Auto Parts, Inc. | ||
1.75%, 10/01/27 (a) | 150,000 | 127,368 |
3.90%, 04/15/30 (a) | 200,000 | 182,466 |
3.50%, 03/15/32 (a) | 100,000 | 85,834 |
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 700,000 | 696,080 |
3.40%, 12/06/27 (a) | 750,000 | 717,112 |
2.13%, 02/09/31 (a) | 450,000 | 373,095 |
4.50%, 11/28/34 (a) | 250,000 | 234,375 |
4.00%, 12/06/37 (a) | 350,000 | 303,135 |
2.70%, 02/09/41 (a) | 250,000 | 173,443 |
4.20%, 12/06/47 (a) | 550,000 | 456,962 |
3.15%, 02/09/51 (a) | 500,000 | 343,325 |
4.40%, 12/06/57 (a) | 300,000 | 247,779 |
3.25%, 02/09/61 (a) | 300,000 | 200,940 |
Amazon.com, Inc. | ||
2.73%, 04/13/24 | 400,000 | 397,752 |
0.45%, 05/12/24 | 850,000 | 809,353 |
2.80%, 08/22/24 (a) | 700,000 | 694,085 |
3.80%, 12/05/24 (a) | 450,000 | 455,688 |
3.00%, 04/13/25 | 400,000 | 397,516 |
0.80%, 06/03/25 (a) | 250,000 | 232,718 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.20%, 12/03/25 (a) | 400,000 | 420,160 |
1.00%, 05/12/26 (a) | 1,000,000 | 910,130 |
3.30%, 04/13/27 (a) | 600,000 | 589,098 |
1.20%, 06/03/27 (a) | 100,000 | 89,069 |
3.15%, 08/22/27 (a) | 600,000 | 584,676 |
1.65%, 05/12/28 (a) | 850,000 | 754,834 |
3.45%, 04/13/29 (a) | 400,000 | 389,916 |
1.50%, 06/03/30 (a) | 700,000 | 583,191 |
2.10%, 05/12/31 (a) | 400,000 | 343,000 |
3.60%, 04/13/32 (a) | 700,000 | 675,073 |
4.80%, 12/05/34 (a) | 550,000 | 577,753 |
3.88%, 08/22/37 (a) | 925,000 | 876,040 |
2.88%, 05/12/41 (a) | 650,000 | 521,651 |
4.95%, 12/05/44 (a) | 400,000 | 421,820 |
4.05%, 08/22/47 (a) | 1,100,000 | 1,036,101 |
2.50%, 06/03/50 (a) | 600,000 | 426,186 |
3.10%, 05/12/51 (a) | 1,000,000 | 789,800 |
3.95%, 04/13/52 (a) | 700,000 | 645,701 |
4.25%, 08/22/57 (a) | 700,000 | 658,385 |
2.70%, 06/03/60 (a) | 650,000 | 440,927 |
3.25%, 05/12/61 (a) | 550,000 | 420,469 |
4.10%, 04/13/62 (a) | 300,000 | 271,848 |
American Honda Finance Corp. | ||
0.88%, 07/07/23 | 300,000 | 292,734 |
3.45%, 07/14/23 | 100,000 | 100,101 |
0.65%, 09/08/23 | 200,000 | 194,086 |
3.55%, 01/12/24 | 450,000 | 450,859 |
2.90%, 02/16/24 | 500,000 | 495,515 |
2.40%, 06/27/24 | 500,000 | 489,125 |
0.55%, 07/12/24 | 650,000 | 611,851 |
2.15%, 09/10/24 | 200,000 | 193,890 |
1.20%, 07/08/25 | 500,000 | 462,040 |
1.00%, 09/10/25 | 200,000 | 182,406 |
2.30%, 09/09/26 | 250,000 | 234,060 |
3.50%, 02/15/28 | 200,000 | 193,494 |
2.25%, 01/12/29 | 500,000 | 442,485 |
1.80%, 01/13/31 | 250,000 | 205,753 |
Aptiv PLC | ||
2.40%, 02/18/25 (a) | 250,000 | 239,042 |
4.35%, 03/15/29 (a) | 150,000 | 142,430 |
3.25%, 03/01/32 (a) | 250,000 | 212,660 |
4.40%, 10/01/46 (a) | 125,000 | 99,834 |
5.40%, 03/15/49 (a) | 150,000 | 137,931 |
3.10%, 12/01/51 (a) | 350,000 | 227,220 |
4.15%, 05/01/52 (a) | 300,000 | 230,259 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 96,985 |
3.80%, 11/15/27 (a) | 350,000 | 330,274 |
4.75%, 06/01/30 (a) | 300,000 | 282,297 |
2.40%, 08/01/31 (a) | 150,000 | 115,542 |
AutoZone, Inc. | ||
3.13%, 04/18/24 (a) | 50,000 | 49,483 |
3.25%, 04/15/25 (a) | 200,000 | 196,218 |
3.63%, 04/15/25 (a) | 100,000 | 98,889 |
3.13%, 04/21/26 (a) | 50,000 | 48,209 |
3.75%, 06/01/27 (a) | 200,000 | 194,162 |
3.75%, 04/18/29 (a) | 200,000 | 189,072 |
4.00%, 04/15/30 (a) | 250,000 | 237,660 |
1.65%, 01/15/31 (a) | 150,000 | 117,717 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 200,000 | 197,286 |
1.95%, 10/01/30 (a) | 200,000 | 159,018 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 175,000 | 177,980 |
3.88%, 08/15/30 (a) | 250,000 | 227,243 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Booking Holdings, Inc. | ||
3.60%, 06/01/26 (a) | 425,000 | 419,454 |
3.55%, 03/15/28 (a) | 150,000 | 144,707 |
4.63%, 04/13/30 (a) | 500,000 | 497,990 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 350,000 | 318,633 |
4.38%, 03/15/45 (a) | 220,000 | 178,468 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 150,000 | 151,775 |
2.50%, 04/01/31 (a) | 200,000 | 162,328 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 100,000 | 88,658 |
3.70%, 01/15/31 (a) | 150,000 | 132,099 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 300,000 | 298,038 |
3.00%, 05/18/27 (a) | 550,000 | 536,706 |
1.60%, 04/20/30 (a) | 400,000 | 337,544 |
1.75%, 04/20/32 (a) | 600,000 | 494,778 |
Cummins, Inc. | ||
3.65%, 10/01/23 (a) | 100,000 | 100,523 |
0.75%, 09/01/25 (a) | 200,000 | 183,098 |
1.50%, 09/01/30 (a) | 300,000 | 243,372 |
4.88%, 10/01/43 (a) | 175,000 | 177,854 |
2.60%, 09/01/50 (a) | 200,000 | 137,066 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 450,000 | 570,420 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 155,000 | 149,288 |
4.55%, 02/15/48 (a) | 100,000 | 83,146 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 250,000 | 198,223 |
4.10%, 01/15/52 (a) | 250,000 | 166,295 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 89,000 | 89,225 |
3.88%, 04/15/27 (a) | 250,000 | 245,555 |
4.13%, 05/01/28 (a) | 150,000 | 146,517 |
3.50%, 04/03/30 (a) | 300,000 | 276,576 |
4.13%, 04/03/50 (a) | 200,000 | 168,270 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 250,000 | 249,297 |
4.20%, 05/15/28 (a) | 525,000 | 510,510 |
2.65%, 12/01/31 (a) | 250,000 | 206,375 |
DR Horton, Inc. | ||
5.75%, 08/15/23 (a) | 100,000 | 101,939 |
2.50%, 10/15/24 (a) | 200,000 | 191,262 |
2.60%, 10/15/25 (a) | 210,000 | 197,881 |
1.40%, 10/15/27 (a) | 300,000 | 251,175 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 400,000 | 396,400 |
1.40%, 05/10/26 (a) | 250,000 | 225,048 |
3.60%, 06/05/27 (a) | 350,000 | 336,854 |
2.70%, 03/11/30 (a) | 200,000 | 170,794 |
2.60%, 05/10/31 (a) | 250,000 | 207,955 |
4.00%, 07/15/42 (a) | 350,000 | 298,256 |
3.65%, 05/10/51 (a) | 250,000 | 193,090 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 100,000 | 100,120 |
4.63%, 08/01/27 (a) | 225,000 | 216,583 |
3.80%, 02/15/28 (a) | 300,000 | 273,720 |
3.25%, 02/15/30 (a) | 425,000 | 353,375 |
2.95%, 03/15/31 (a) | 350,000 | 279,545 |
Ford Foundation | ||
2.42%, 06/01/50 (a) | 300,000 | 210,225 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
General Motors Co. | ||
4.88%, 10/02/23 | 700,000 | 706,776 |
5.40%, 10/02/23 | 300,000 | 304,605 |
4.00%, 04/01/25 | 400,000 | 395,144 |
6.13%, 10/01/25 (a) | 800,000 | 827,520 |
4.20%, 10/01/27 (a) | 250,000 | 237,510 |
6.80%, 10/01/27 (a) | 350,000 | 368,375 |
5.00%, 10/01/28 (a) | 250,000 | 242,710 |
5.00%, 04/01/35 | 200,000 | 179,502 |
6.60%, 04/01/36 (a) | 500,000 | 508,410 |
5.15%, 04/01/38 (a) | 250,000 | 219,340 |
6.25%, 10/02/43 | 550,000 | 526,619 |
5.20%, 04/01/45 | 400,000 | 337,404 |
6.75%, 04/01/46 (a) | 250,000 | 252,527 |
5.40%, 04/01/48 (a) | 200,000 | 175,180 |
5.95%, 04/01/49 (a) | 300,000 | 279,774 |
General Motors Financial Co., Inc. | ||
4.15%, 06/19/23 (a) | 200,000 | 199,796 |
1.70%, 08/18/23 | 200,000 | 195,252 |
5.10%, 01/17/24 (a) | 575,000 | 581,043 |
1.05%, 03/08/24 | 400,000 | 379,120 |
3.95%, 04/13/24 (a) | 250,000 | 248,090 |
1.20%, 10/15/24 | 200,000 | 186,114 |
3.50%, 11/07/24 (a) | 450,000 | 440,167 |
4.00%, 01/15/25 (a) | 250,000 | 246,780 |
2.90%, 02/26/25 (a) | 650,000 | 620,847 |
3.80%, 04/07/25 | 350,000 | 341,771 |
4.35%, 04/09/25 (a) | 61,000 | 60,340 |
2.75%, 06/20/25 (a) | 250,000 | 235,732 |
1.25%, 01/08/26 (a) | 425,000 | 373,715 |
5.25%, 03/01/26 (a) | 375,000 | 375,802 |
1.50%, 06/10/26 (a) | 200,000 | 175,010 |
4.00%, 10/06/26 (a) | 300,000 | 286,782 |
4.35%, 01/17/27 (a) | 500,000 | 480,335 |
2.35%, 02/26/27 (a) | 250,000 | 220,433 |
2.70%, 08/20/27 (a) | 400,000 | 351,692 |
3.85%, 01/05/28 (a) | 200,000 | 183,676 |
5.65%, 01/17/29 (a) | 150,000 | 149,669 |
3.60%, 06/21/30 (a) | 400,000 | 346,864 |
2.70%, 06/10/31 (a) | 450,000 | 356,652 |
3.10%, 01/12/32 (a) | 500,000 | 402,070 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 125,000 | 98,850 |
2.75%, 02/01/32 (a) | 250,000 | 207,570 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.38%, 11/01/23 (a) | 200,000 | 200,142 |
3.35%, 09/01/24 (a) | 150,000 | 144,440 |
5.25%, 06/01/25 (a) | 300,000 | 294,999 |
5.38%, 04/15/26 (a) | 350,000 | 342,905 |
5.75%, 06/01/28 (a) | 250,000 | 244,512 |
5.30%, 01/15/29 (a) | 200,000 | 190,604 |
4.00%, 01/15/30 (a) | 250,000 | 220,413 |
4.00%, 01/15/31 (a) | 250,000 | 217,188 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 97,086 |
4.63%, 07/28/45 (a) | 150,000 | 115,772 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 200,000 | 200,424 |
Home Depot, Inc. | ||
3.75%, 02/15/24 (a) | 500,000 | 504,540 |
3.35%, 09/15/25 (a) | 100,000 | 99,435 |
3.00%, 04/01/26 (a) | 650,000 | 638,436 |
2.13%, 09/15/26 (a) | 300,000 | 284,121 |
2.50%, 04/15/27 (a) | 200,000 | 189,502 |
2.80%, 09/14/27 (a) | 150,000 | 143,156 |
1.50%, 09/15/28 (a) | 250,000 | 218,183 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 12/06/28 (a) | 550,000 | 550,654 |
2.95%, 06/15/29 (a) | 650,000 | 608,276 |
2.70%, 04/15/30 (a) | 550,000 | 499,543 |
1.38%, 03/15/31 (a) | 150,000 | 121,122 |
1.88%, 09/15/31 (a) | 250,000 | 208,440 |
3.25%, 04/15/32 (a) | 400,000 | 373,592 |
5.88%, 12/16/36 | 1,200,000 | 1,379,964 |
3.30%, 04/15/40 (a) | 355,000 | 301,750 |
5.40%, 09/15/40 (a) | 191,000 | 205,096 |
5.95%, 04/01/41 (a) | 400,000 | 457,148 |
4.20%, 04/01/43 (a) | 250,000 | 234,352 |
4.88%, 02/15/44 (a) | 450,000 | 458,442 |
4.40%, 03/15/45 (a) | 150,000 | 143,823 |
4.25%, 04/01/46 (a) | 550,000 | 520,080 |
3.90%, 06/15/47 (a) | 100,000 | 89,745 |
4.50%, 12/06/48 (a) | 350,000 | 342,447 |
3.13%, 12/15/49 (a) | 450,000 | 351,544 |
3.35%, 04/15/50 (a) | 500,000 | 406,175 |
2.38%, 03/15/51 (a) | 500,000 | 339,120 |
2.75%, 09/15/51 (a) | 250,000 | 182,468 |
3.63%, 04/15/52 (a) | 400,000 | 343,380 |
3.50%, 09/15/56 (a) | 297,000 | 242,976 |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 200,000 | 187,444 |
2.97%, 03/10/32 (a) | 225,000 | 202,320 |
Hyatt Hotels Corp. | ||
3.38%, 07/15/23 (a) | 150,000 | 146,856 |
5.63%, 04/23/25 (a) | 200,000 | 203,264 |
4.85%, 03/15/26 (a) | 250,000 | 249,472 |
4.38%, 09/15/28 (a) | 100,000 | 94,606 |
6.00%, 04/23/30 (a) | 150,000 | 151,593 |
J Paul Getty Trust | ||
Series 2021 0.39%, 01/01/24 (a) | 100,000 | 96,040 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 196,092 |
3.38%, 01/14/30 (a) | 200,000 | 183,264 |
4.13%, 01/14/50 (a) | 150,000 | 116,972 |
Kohl's Corp. | ||
4.25%, 07/17/25 (a) | 150,000 | 148,124 |
3.38%, 05/01/31 (a) | 175,000 | 152,301 |
5.55%, 07/17/45 (a) | 175,000 | 152,609 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 300,000 | 283,752 |
4.25%, 05/15/29 (a) | 150,000 | 139,100 |
5.25%, 05/15/49 (a) | 250,000 | 217,918 |
Lennar Corp. | ||
4.88%, 12/15/23 (a) | 200,000 | 202,018 |
4.50%, 04/30/24 (a) | 150,000 | 149,916 |
5.88%, 11/15/24 (a) | 150,000 | 154,088 |
4.75%, 05/30/25 (a) | 200,000 | 200,890 |
5.00%, 06/15/27 (a) | 100,000 | 99,227 |
4.75%, 11/29/27 (a) | 300,000 | 292,296 |
Lowe's Cos., Inc. | ||
4.00%, 04/15/25 (a) | 200,000 | 201,216 |
3.38%, 09/15/25 (a) | 500,000 | 491,695 |
2.50%, 04/15/26 (a) | 650,000 | 615,803 |
3.10%, 05/03/27 (a) | 460,000 | 437,455 |
1.30%, 04/15/28 (a) | 250,000 | 211,688 |
6.50%, 03/15/29 | 301,000 | 335,121 |
3.65%, 04/05/29 (a) | 472,000 | 446,498 |
4.50%, 04/15/30 (a) | 400,000 | 395,988 |
1.70%, 10/15/30 (a) | 400,000 | 321,644 |
2.63%, 04/01/31 (a) | 500,000 | 428,920 |
3.75%, 04/01/32 (a) | 500,000 | 464,425 |
5.00%, 04/15/40 (a) | 350,000 | 342,023 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.65%, 04/15/42 (a) | 150,000 | 139,826 |
4.38%, 09/15/45 (a) | 300,000 | 262,713 |
3.70%, 04/15/46 (a) | 250,000 | 201,408 |
4.05%, 05/03/47 (a) | 550,000 | 461,472 |
4.55%, 04/05/49 (a) | 300,000 | 273,801 |
5.13%, 04/15/50 (a) | 250,000 | 246,120 |
3.00%, 10/15/50 (a) | 300,000 | 209,559 |
4.25%, 04/01/52 (a) | 300,000 | 259,959 |
4.45%, 04/01/62 (a) | 500,000 | 428,020 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 250,000 | 248,987 |
4.15%, 10/01/25 (a) | 250,000 | 251,107 |
2.45%, 06/15/30 (a) | 250,000 | 213,573 |
Marriott International, Inc. | ||
4.15%, 12/01/23 (a) | 150,000 | 150,708 |
3.60%, 04/15/24 (a) | 200,000 | 198,344 |
3.75%, 03/15/25 (a) | 100,000 | 98,918 |
5.75%, 05/01/25 (a) | 250,000 | 259,525 |
3.75%, 10/01/25 (a) | 250,000 | 245,672 |
3.13%, 06/15/26 (a) | 300,000 | 285,717 |
4.65%, 12/01/28 (a) | 150,000 | 147,395 |
4.63%, 06/15/30 (a) | 400,000 | 382,432 |
2.85%, 04/15/31 (a) | 200,000 | 166,020 |
3.50%, 10/15/32 (a) | 475,000 | 410,025 |
McDonald's Corp. | ||
3.25%, 06/10/24 | 150,000 | 149,736 |
3.38%, 05/26/25 (a) | 300,000 | 297,519 |
3.70%, 01/30/26 (a) | 600,000 | 600,198 |
3.50%, 03/01/27 (a) | 350,000 | 343,031 |
3.50%, 07/01/27 (a) | 300,000 | 293,976 |
3.80%, 04/01/28 (a) | 350,000 | 344,071 |
2.63%, 09/01/29 (a) | 400,000 | 358,948 |
2.13%, 03/01/30 (a) | 250,000 | 214,533 |
3.60%, 07/01/30 (a) | 350,000 | 333,403 |
4.70%, 12/09/35 (a) | 350,000 | 349,646 |
6.30%, 10/15/37 | 180,000 | 206,620 |
6.30%, 03/01/38 | 250,000 | 286,345 |
5.70%, 02/01/39 | 183,000 | 198,601 |
3.70%, 02/15/42 | 250,000 | 211,450 |
3.63%, 05/01/43 | 200,000 | 166,028 |
4.88%, 12/09/45 (a) | 600,000 | 590,094 |
4.45%, 03/01/47 (a) | 350,000 | 326,186 |
4.45%, 09/01/48 (a) | 250,000 | 233,058 |
3.63%, 09/01/49 (a) | 450,000 | 370,147 |
4.20%, 04/01/50 (a) | 150,000 | 134,964 |
MDC Holdings, Inc. | ||
2.50%, 01/15/31 (a) | 100,000 | 74,319 |
6.00%, 01/15/43 (a) | 225,000 | 185,162 |
3.97%, 08/06/61 (a) | 150,000 | 86,742 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 300,000 | 292,944 |
2.38%, 11/01/26 (a) | 300,000 | 285,732 |
2.75%, 03/27/27 (a) | 350,000 | 336,934 |
2.85%, 03/27/30 (a) | 500,000 | 459,330 |
3.25%, 03/27/40 (a) | 350,000 | 300,240 |
3.63%, 05/01/43 (a) | 100,000 | 88,730 |
3.88%, 11/01/45 (a) | 300,000 | 276,276 |
3.38%, 11/01/46 (a) | 150,000 | 128,943 |
3.38%, 03/27/50 (a) | 500,000 | 425,880 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 250,000 | 215,135 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 200,000 | 196,304 |
3.60%, 09/01/27 (a) | 250,000 | 241,822 |
4.35%, 06/01/28 (a) | 209,000 | 208,055 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.90%, 06/01/29 (a) | 250,000 | 237,045 |
1.75%, 03/15/31 (a) | 250,000 | 198,045 |
PACCAR Financial Corp. | ||
0.35%, 02/02/24 | 300,000 | 286,344 |
0.50%, 08/09/24 | 250,000 | 235,710 |
2.15%, 08/15/24 | 50,000 | 48,743 |
0.90%, 11/08/24 | 150,000 | 141,296 |
1.80%, 02/06/25 | 200,000 | 191,388 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 152,756 |
5.00%, 01/15/27 (a) | 150,000 | 150,179 |
7.88%, 06/15/32 | 25,000 | 28,507 |
6.38%, 05/15/33 | 150,000 | 154,526 |
6.00%, 02/15/35 | 175,000 | 172,592 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(c) | 250,000 | 250,075 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 200,000 | 199,444 |
2.95%, 06/15/30 (a) | 200,000 | 176,484 |
Rockefeller Foundation | ||
2.49%, 10/01/50 (a) | 250,000 | 182,440 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 200,000 | 202,542 |
0.88%, 04/15/26 (a) | 150,000 | 132,989 |
1.88%, 04/15/31 (a) | 150,000 | 118,880 |
Starbucks Corp. | ||
3.85%, 10/01/23 (a) | 350,000 | 352,831 |
2.00%, 03/12/27 (a) | 200,000 | 182,394 |
3.50%, 03/01/28 (a) | 350,000 | 336,189 |
4.00%, 11/15/28 (a) | 250,000 | 244,497 |
3.55%, 08/15/29 (a) | 650,000 | 610,369 |
2.25%, 03/12/30 (a) | 200,000 | 169,510 |
2.55%, 11/15/30 (a) | 275,000 | 234,864 |
3.00%, 02/14/32 (a) | 150,000 | 130,523 |
4.30%, 06/15/45 (a) | 50,000 | 44,199 |
3.75%, 12/01/47 (a) | 200,000 | 163,940 |
4.50%, 11/15/48 (a) | 350,000 | 319,644 |
4.45%, 08/15/49 (a) | 350,000 | 316,148 |
3.35%, 03/12/50 (a) | 200,000 | 151,394 |
3.50%, 11/15/50 (a) | 300,000 | 234,972 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 100,000 | 99,941 |
4.13%, 07/15/27 (a) | 250,000 | 240,772 |
Target Corp. | ||
3.50%, 07/01/24 | 300,000 | 301,017 |
2.25%, 04/15/25 (a) | 500,000 | 483,320 |
2.50%, 04/15/26 | 200,000 | 192,096 |
3.38%, 04/15/29 (a) | 425,000 | 409,037 |
2.35%, 02/15/30 (a) | 250,000 | 221,158 |
2.65%, 09/15/30 (a) | 300,000 | 269,727 |
6.50%, 10/15/37 | 200,000 | 237,842 |
4.00%, 07/01/42 | 450,000 | 417,906 |
3.63%, 04/15/46 | 275,000 | 238,403 |
3.90%, 11/15/47 (a) | 200,000 | 179,982 |
2.95%, 01/15/52 (a) | 250,000 | 189,998 |
The California Endowment | ||
2.50%, 04/01/51 (a) | 100,000 | 71,902 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 400,000 | 375,820 |
1.15%, 05/15/28 (a) | 100,000 | 85,148 |
3.88%, 04/15/30 (a) | 350,000 | 342,310 |
Toll Brothers Finance Corp. | ||
4.88%, 03/15/27 (a) | 250,000 | 237,962 |
3.80%, 11/01/29 (a) | 200,000 | 170,990 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Toyota Motor Corp. | ||
3.42%, 07/20/23 | 250,000 | 251,145 |
0.68%, 03/25/24 (a) | 500,000 | 477,355 |
2.36%, 07/02/24 | 150,000 | 147,215 |
1.34%, 03/25/26 (a) | 300,000 | 273,483 |
3.67%, 07/20/28 | 250,000 | 245,540 |
2.76%, 07/02/29 | 150,000 | 137,277 |
Toyota Motor Credit Corp. | ||
0.50%, 08/14/23 | 500,000 | 485,475 |
1.35%, 08/25/23 | 250,000 | 244,967 |
3.45%, 09/20/23 | 250,000 | 251,170 |
2.25%, 10/18/23 | 250,000 | 246,950 |
3.35%, 01/08/24 | 200,000 | 200,290 |
0.45%, 01/11/24 | 300,000 | 287,481 |
2.90%, 04/17/24 | 350,000 | 346,888 |
1.45%, 01/13/25 | 150,000 | 142,305 |
1.80%, 02/13/25 | 500,000 | 477,445 |
3.00%, 04/01/25 | 450,000 | 442,809 |
3.95%, 06/30/25 | 400,000 | 402,088 |
0.80%, 10/16/25 | 400,000 | 364,284 |
0.80%, 01/09/26 | 300,000 | 271,446 |
1.13%, 06/18/26 | 250,000 | 225,945 |
3.20%, 01/11/27 | 650,000 | 630,948 |
3.05%, 03/22/27 | 500,000 | 480,345 |
1.15%, 08/13/27 | 400,000 | 348,488 |
3.05%, 01/11/28 | 250,000 | 237,232 |
3.65%, 01/08/29 | 400,000 | 388,984 |
2.15%, 02/13/30 | 250,000 | 216,905 |
3.38%, 04/01/30 | 350,000 | 329,931 |
1.65%, 01/10/31 | 300,000 | 243,924 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 225,000 | 177,104 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 275,000 | 264,396 |
2.80%, 04/23/27 (a) | 200,000 | 187,506 |
2.95%, 04/23/30 (a) | 250,000 | 219,078 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 350,000 | 334,579 |
4.95%, 02/15/30 (a) | 300,000 | 284,133 |
5.13%, 05/15/32 (a) | 450,000 | 425,061 |
5.63%, 05/15/52 (a) | 200,000 | 182,462 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24 (a) | 400,000 | 398,048 |
3.45%, 06/01/26 (a) | 550,000 | 535,260 |
3.20%, 04/15/30 (a) | 250,000 | 220,890 |
4.50%, 11/18/34 (a) | 100,000 | 92,119 |
4.65%, 06/01/46 (a) | 150,000 | 129,860 |
4.10%, 04/15/50 (a) | 300,000 | 237,246 |
Walmart, Inc. | ||
3.30%, 04/22/24 (a) | 300,000 | 301,092 |
2.85%, 07/08/24 (a) | 400,000 | 398,124 |
2.65%, 12/15/24 (a) | 400,000 | 395,856 |
3.55%, 06/26/25 (a) | 300,000 | 303,027 |
3.05%, 07/08/26 (a) | 100,000 | 99,253 |
1.05%, 09/17/26 (a) | 100,000 | 91,173 |
5.88%, 04/05/27 | 50,000 | 55,246 |
3.70%, 06/26/28 (a) | 750,000 | 747,675 |
1.50%, 09/22/28 (a) | 200,000 | 175,548 |
3.25%, 07/08/29 (a) | 350,000 | 337,746 |
2.38%, 09/24/29 (a) | 150,000 | 136,607 |
1.80%, 09/22/31 (a) | 750,000 | 637,905 |
5.25%, 09/01/35 | 600,000 | 669,552 |
6.50%, 08/15/37 | 100,000 | 127,172 |
6.20%, 04/15/38 | 150,000 | 183,770 |
3.95%, 06/28/38 (a) | 350,000 | 339,888 |
5.00%, 10/25/40 | 150,000 | 160,889 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.63%, 04/15/41 | 150,000 | 175,041 |
2.50%, 09/22/41 (a) | 350,000 | 272,352 |
4.00%, 04/11/43 (a) | 225,000 | 213,471 |
4.30%, 04/22/44 (a) | 200,000 | 194,542 |
3.63%, 12/15/47 (a) | 150,000 | 133,319 |
4.05%, 06/29/48 (a) | 650,000 | 634,751 |
2.95%, 09/24/49 (a) | 350,000 | 283,332 |
120,924,456 | ||
Consumer Non-Cyclical 3.6% | ||
Abbott Laboratories | ||
3.40%, 11/30/23 (a) | 450,000 | 452,061 |
3.88%, 09/15/25 (a) | 100,000 | 101,232 |
3.75%, 11/30/26 (a) | 608,000 | 612,967 |
1.15%, 01/30/28 (a) | 350,000 | 305,273 |
1.40%, 06/30/30 (a) | 100,000 | 83,584 |
4.75%, 11/30/36 (a) | 700,000 | 744,128 |
6.00%, 04/01/39 | 160,000 | 181,662 |
5.30%, 05/27/40 | 200,000 | 218,484 |
4.75%, 04/15/43 (a) | 250,000 | 253,837 |
4.90%, 11/30/46 (a) | 1,000,000 | 1,055,440 |
AbbVie, Inc. | ||
3.75%, 11/14/23 (a) | 250,000 | 251,035 |
3.85%, 06/15/24 (a) | 300,000 | 300,036 |
2.60%, 11/21/24 (a) | 1,150,000 | 1,114,476 |
3.80%, 03/15/25 (a) | 500,000 | 496,700 |
3.60%, 05/14/25 (a) | 1,200,000 | 1,184,760 |
3.20%, 05/14/26 (a) | 700,000 | 674,282 |
2.95%, 11/21/26 (a) | 1,325,000 | 1,256,484 |
4.25%, 11/14/28 (a) | 590,000 | 583,917 |
3.20%, 11/21/29 (a) | 1,700,000 | 1,564,170 |
4.55%, 03/15/35 (a) | 640,000 | 624,448 |
4.50%, 05/14/35 (a) | 825,000 | 801,133 |
4.30%, 05/14/36 (a) | 300,000 | 282,351 |
4.05%, 11/21/39 (a) | 1,300,000 | 1,160,341 |
4.63%, 10/01/42 (a) | 150,000 | 139,119 |
4.40%, 11/06/42 | 850,000 | 774,511 |
4.85%, 06/15/44 (a) | 200,000 | 192,274 |
4.75%, 03/15/45 (a) | 218,000 | 206,150 |
4.70%, 05/14/45 (a) | 850,000 | 801,533 |
4.45%, 05/14/46 (a) | 250,000 | 227,142 |
4.88%, 11/14/48 (a) | 569,000 | 550,075 |
4.25%, 11/21/49 (a) | 1,800,000 | 1,597,050 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 150,000 | 137,733 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 100,000 | 98,690 |
2.21%, 06/15/30 (a) | 250,000 | 216,070 |
4.27%, 08/15/48 (a) | 89,000 | 85,764 |
3.39%, 10/15/49 (a) | 200,000 | 164,268 |
3.01%, 06/15/50 (a) | 50,000 | 37,888 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 350,000 | 307,023 |
2.30%, 03/12/31 (a) | 250,000 | 203,820 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 150,000 | 167,496 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 250,000 | 264,240 |
Allina Health System | ||
3.89%, 04/15/49 | 150,000 | 133,833 |
2.90%, 11/15/51 (a) | 50,000 | 36,040 |
Altria Group, Inc. | ||
4.00%, 01/31/24 | 250,000 | 250,740 |
3.80%, 02/14/24 (a)(e) | 100,000 | 99,773 |
2.35%, 05/06/25 (a) | 250,000 | 235,935 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.40%, 02/14/26 (a) | 250,000 | 244,800 |
2.63%, 09/16/26 (a) | 250,000 | 229,182 |
4.80%, 02/14/29 (a) | 660,000 | 626,241 |
3.40%, 05/06/30 (a) | 200,000 | 170,686 |
2.45%, 02/04/32 (a) | 500,000 | 377,055 |
5.80%, 02/14/39 (a) | 675,000 | 616,720 |
3.40%, 02/04/41 (a) | 300,000 | 199,833 |
4.25%, 08/09/42 | 350,000 | 258,093 |
4.50%, 05/02/43 | 300,000 | 223,980 |
5.38%, 01/31/44 | 650,000 | 560,924 |
3.88%, 09/16/46 (a) | 400,000 | 270,180 |
5.95%, 02/14/49 (a) | 650,000 | 570,921 |
4.45%, 05/06/50 (a) | 200,000 | 144,518 |
3.70%, 02/04/51 (a) | 400,000 | 257,496 |
4.00%, 02/04/61 (a) | 150,000 | 99,266 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 150,000 | 148,815 |
3.45%, 12/15/27 (a) | 300,000 | 289,200 |
2.80%, 05/15/30 (a) | 200,000 | 174,966 |
2.70%, 03/15/31 (a) | 550,000 | 471,537 |
4.30%, 12/15/47 (a) | 150,000 | 135,701 |
Amgen, Inc. | ||
2.25%, 08/19/23 (a) | 200,000 | 197,832 |
3.63%, 05/22/24 (a) | 450,000 | 449,424 |
1.90%, 02/21/25 (a) | 150,000 | 143,399 |
3.13%, 05/01/25 (a) | 250,000 | 245,705 |
2.60%, 08/19/26 (a) | 400,000 | 378,936 |
2.20%, 02/21/27 (a) | 450,000 | 413,892 |
3.20%, 11/02/27 (a) | 350,000 | 335,097 |
1.65%, 08/15/28 (a) | 400,000 | 343,652 |
3.00%, 02/22/29 (a) | 250,000 | 230,920 |
2.45%, 02/21/30 (a) | 400,000 | 349,524 |
2.30%, 02/25/31 (a) | 425,000 | 361,496 |
2.00%, 01/15/32 (a) | 500,000 | 407,735 |
3.35%, 02/22/32 (a) | 350,000 | 320,729 |
6.38%, 06/01/37 | 50,000 | 57,828 |
6.40%, 02/01/39 | 50,000 | 56,641 |
3.15%, 02/21/40 (a) | 700,000 | 556,059 |
2.80%, 08/15/41 (a) | 400,000 | 297,648 |
4.95%, 10/01/41 | 300,000 | 295,131 |
5.15%, 11/15/41 (a) | 276,000 | 274,902 |
5.65%, 06/15/42 (a) | 100,000 | 105,664 |
4.40%, 05/01/45 (a) | 700,000 | 637,700 |
4.56%, 06/15/48 (a) | 400,000 | 367,996 |
3.38%, 02/21/50 (a) | 750,000 | 576,810 |
4.66%, 06/15/51 (a) | 1,050,000 | 988,585 |
3.00%, 01/15/52 (a) | 200,000 | 142,780 |
4.20%, 02/22/52 (a) | 250,000 | 219,908 |
2.77%, 09/01/53 (a) | 372,000 | 251,866 |
4.40%, 02/22/62 (a) | 350,000 | 304,937 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 1,050,000 | 1,034,512 |
4.70%, 02/01/36 (a) | 1,750,000 | 1,685,180 |
4.90%, 02/01/46 (a) | 2,900,000 | 2,737,571 |
Anheuser-Busch InBev Finance, Inc. | ||
4.70%, 02/01/36 (a) | 187,000 | 179,937 |
4.00%, 01/17/43 | 250,000 | 208,223 |
4.63%, 02/01/44 | 300,000 | 271,965 |
4.90%, 02/01/46 (a) | 450,000 | 423,157 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 800,000 | 790,296 |
4.75%, 01/23/29 (a) | 1,325,000 | 1,352,017 |
3.50%, 06/01/30 (a) | 500,000 | 469,500 |
4.90%, 01/23/31 (a) | 250,000 | 257,005 |
4.38%, 04/15/38 (a) | 125,000 | 114,703 |
8.20%, 01/15/39 | 350,000 | 455,346 |
5.45%, 01/23/39 (a) | 600,000 | 610,158 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.35%, 06/01/40 (a) | 350,000 | 314,786 |
4.95%, 01/15/42 | 490,000 | 467,774 |
3.75%, 07/15/42 | 350,000 | 285,593 |
4.60%, 04/15/48 (a) | 800,000 | 720,776 |
4.44%, 10/06/48 (a) | 550,000 | 484,852 |
5.55%, 01/23/49 (a) | 1,250,000 | 1,278,350 |
4.50%, 06/01/50 (a) | 725,000 | 652,079 |
4.75%, 04/15/58 (a) | 500,000 | 451,840 |
5.80%, 01/23/59 (a) | 600,000 | 627,372 |
4.60%, 06/01/60 (a) | 300,000 | 263,685 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 500,000 | 479,150 |
3.25%, 03/27/30 (a) | 450,000 | 424,318 |
5.38%, 09/15/35 | 200,000 | 219,584 |
3.75%, 09/15/47 (a) | 150,000 | 136,118 |
4.50%, 03/15/49 (a) | 250,000 | 251,810 |
2.70%, 09/15/51 (a) | 200,000 | 147,050 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 120,000 | 108,496 |
3.11%, 11/15/39 (a) | 200,000 | 165,376 |
3.95%, 11/15/46 | 375,000 | 348,382 |
4.85%, 11/15/53 | 175,000 | 184,874 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 650,000 | 616,934 |
1.20%, 05/28/26 (a) | 350,000 | 316,515 |
1.75%, 05/28/28 (a) | 350,000 | 309,001 |
2.25%, 05/28/31 (a) | 100,000 | 87,123 |
AstraZeneca PLC | ||
3.50%, 08/17/23 (a) | 300,000 | 301,143 |
3.38%, 11/16/25 | 650,000 | 643,968 |
0.70%, 04/08/26 (a) | 200,000 | 178,316 |
3.13%, 06/12/27 (a) | 50,000 | 48,220 |
4.00%, 01/17/29 (a) | 200,000 | 199,414 |
1.38%, 08/06/30 (a) | 600,000 | 492,396 |
6.45%, 09/15/37 | 800,000 | 960,432 |
4.00%, 09/18/42 | 350,000 | 323,862 |
4.38%, 11/16/45 | 250,000 | 243,200 |
4.38%, 08/17/48 (a) | 250,000 | 246,670 |
2.13%, 08/06/50 (a) | 200,000 | 133,966 |
3.00%, 05/28/51 (a) | 250,000 | 199,465 |
Banner Health | ||
2.34%, 01/01/30 (a) | 200,000 | 177,066 |
3.18%, 01/01/50 (a) | 100,000 | 78,287 |
2.91%, 01/01/51 (a) | 200,000 | 151,866 |
Baptist Healthcare System Obligated Group | ||
Series 20B 3.54%, 08/15/50 (a) | 200,000 | 163,990 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 850,000 | 827,781 |
2.79%, 09/06/24 (a) | 300,000 | 289,872 |
3.22%, 09/06/26 (a) | 350,000 | 326,970 |
4.70%, 04/02/27 (a) | 350,000 | 342,251 |
3.56%, 08/15/27 (a) | 1,100,000 | 1,008,018 |
2.26%, 03/25/28 (a) | 200,000 | 167,604 |
3.46%, 09/06/29 (a) | 200,000 | 171,758 |
4.91%, 04/02/30 (a) | 400,000 | 371,940 |
2.73%, 03/25/31 (a) | 250,000 | 197,675 |
4.39%, 08/15/37 (a) | 700,000 | 557,690 |
3.73%, 09/25/40 (a) | 250,000 | 176,860 |
4.54%, 08/15/47 (a) | 750,000 | 552,277 |
4.76%, 09/06/49 (a) | 325,000 | 246,308 |
5.28%, 04/02/50 (a) | 175,000 | 144,694 |
3.98%, 09/25/50 (a) | 300,000 | 205,662 |
5.65%, 03/16/52 (a) | 200,000 | 171,894 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 550,000 | 488,125 |
4.45%, 03/16/28 (a) | 300,000 | 284,268 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 200,000 | 198,596 |
5.25%, 06/23/45 (a) | 173,000 | 173,868 |
Baxter International, Inc. | ||
0.87%, 12/01/23 | 250,000 | 240,075 |
1.32%, 11/29/24 | 450,000 | 422,797 |
2.60%, 08/15/26 (a) | 200,000 | 187,534 |
1.92%, 02/01/27 (a) | 500,000 | 448,205 |
3.95%, 04/01/30 (a) | 250,000 | 240,157 |
1.73%, 04/01/31 (a) | 400,000 | 315,488 |
2.54%, 02/01/32 (a) | 550,000 | 464,288 |
3.50%, 08/15/46 (a) | 200,000 | 156,910 |
3.13%, 12/01/51 (a) | 150,000 | 109,362 |
BayCare Health System, Inc. | ||
Series 2020 3.83%, 11/15/50 (a) | 200,000 | 180,954 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 50,000 | 41,124 |
4.19%, 11/15/45 (a) | 350,000 | 330,988 |
2.84%, 11/15/50 (a) | 250,000 | 183,870 |
Becton Dickinson & Co. | ||
3.73%, 12/15/24 (a) | 487,000 | 484,658 |
3.70%, 06/06/27 (a) | 481,000 | 465,743 |
2.82%, 05/20/30 (a) | 250,000 | 219,918 |
1.96%, 02/11/31 (a) | 300,000 | 242,892 |
4.69%, 12/15/44 (a) | 350,000 | 324,926 |
4.67%, 06/06/47 (a) | 450,000 | 421,681 |
3.79%, 05/20/50 (a) | 250,000 | 206,935 |
Beth Israel Lahey Health, Inc. | ||
3.08%, 07/01/51 (a) | 150,000 | 109,800 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 600,000 | 594,384 |
2.25%, 05/01/30 (a) | 500,000 | 410,430 |
3.15%, 05/01/50 (a) | 600,000 | 412,098 |
3.25%, 02/15/51 (a) | 435,000 | 305,518 |
Bio-Rad Laboratories, Inc. | ||
3.70%, 03/15/32 (a) | 250,000 | 222,357 |
Bon Secours Mercy Health, Inc. | ||
3.46%, 06/01/30 (a) | 175,000 | 163,406 |
2.10%, 06/01/31 (a) | 100,000 | 82,990 |
3.21%, 06/01/50 (a) | 100,000 | 75,346 |
Boston Scientific Corp. | ||
3.45%, 03/01/24 (a) | 110,000 | 109,855 |
1.90%, 06/01/25 (a) | 150,000 | 141,684 |
2.65%, 06/01/30 (a) | 350,000 | 305,788 |
6.75%, 11/15/35 (f) | 150,000 | 173,247 |
4.55%, 03/01/39 (a) | 150,000 | 140,373 |
7.38%, 01/15/40 | 100,000 | 124,215 |
4.70%, 03/01/49 (a) | 200,000 | 191,624 |
Bristol-Myers Squibb Co. | ||
0.54%, 11/13/23 (a) | 500,000 | 483,515 |
2.90%, 07/26/24 (a) | 800,000 | 793,160 |
3.88%, 08/15/25 (a) | 114,000 | 114,642 |
0.75%, 11/13/25 (a) | 250,000 | 228,080 |
3.20%, 06/15/26 (a) | 647,000 | 639,107 |
3.25%, 02/27/27 | 250,000 | 246,905 |
1.13%, 11/13/27 (a) | 300,000 | 264,099 |
3.90%, 02/20/28 (a) | 350,000 | 351,064 |
3.40%, 07/26/29 (a) | 1,075,000 | 1,039,256 |
1.45%, 11/13/30 (a) | 100,000 | 82,293 |
2.95%, 03/15/32 (a) | 600,000 | 551,298 |
4.13%, 06/15/39 (a) | 750,000 | 718,192 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.35%, 11/13/40 (a) | 300,000 | 223,224 |
3.25%, 08/01/42 | 300,000 | 246,864 |
5.00%, 08/15/45 (a) | 300,000 | 314,601 |
4.35%, 11/15/47 (a) | 400,000 | 382,792 |
4.55%, 02/20/48 (a) | 556,000 | 546,465 |
4.25%, 10/26/49 (a) | 1,200,000 | 1,130,616 |
2.55%, 11/13/50 (a) | 200,000 | 141,810 |
3.70%, 03/15/52 (a) | 650,000 | 562,952 |
3.90%, 03/15/62 (a) | 325,000 | 280,657 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 150,000 | 136,220 |
4.50%, 07/15/45 (a) | 150,000 | 139,398 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 225,000 | 207,941 |
2.40%, 08/18/31 (a) | 200,000 | 148,192 |
5.10%, 04/01/52 (a) | 150,000 | 112,353 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 200,000 | 184,370 |
3.75%, 09/25/27 (a) | 400,000 | 385,144 |
2.75%, 05/14/31 (a) | 250,000 | 206,515 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 250,000 | 249,612 |
4.15%, 03/15/28 (a) | 400,000 | 391,984 |
2.38%, 04/24/30 (a) | 250,000 | 211,285 |
4.80%, 03/15/48 (a) | 225,000 | 210,778 |
3.13%, 04/24/50 (a) | 25,000 | 17,857 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 272,000 | 267,830 |
3.50%, 11/15/24 (a) | 200,000 | 198,420 |
3.75%, 09/15/25 (a) | 250,000 | 247,342 |
3.41%, 06/15/27 (a) | 400,000 | 385,012 |
4.60%, 03/15/43 | 150,000 | 129,924 |
4.90%, 09/15/45 (a) | 150,000 | 136,974 |
4.37%, 06/15/47 (a) | 100,000 | 85,113 |
Catholic Health Services of Long Island Obligated Group | ||
3.37%, 07/01/50 (a) | 175,000 | 129,939 |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 100,000 | 85,775 |
Children's Health System of Texas | ||
2.51%, 08/15/50 (a) | 200,000 | 139,156 |
Children's Hospital | ||
2.93%, 07/15/50 (a) | 150,000 | 107,816 |
Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 150,000 | 140,822 |
2.59%, 02/01/50 (a) | 120,000 | 83,905 |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 150,000 | 143,354 |
Children's Hospital of Philadelphia | ||
2.70%, 07/01/50 (a) | 150,000 | 104,678 |
CHRISTUS Health | ||
4.34%, 07/01/28 (a) | 150,000 | 150,689 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 350,000 | 335,552 |
5.00%, 06/15/52 (a) | 150,000 | 154,013 |
Cigna Corp. | ||
3.00%, 07/15/23 (a) | 285,000 | 283,099 |
3.75%, 07/15/23 (a) | 443,000 | 443,585 |
0.61%, 03/15/24 (a) | 75,000 | 71,452 |
3.25%, 04/15/25 (a) | 400,000 | 392,536 |
4.13%, 11/15/25 (a) | 750,000 | 752,490 |
4.50%, 02/25/26 (a) | 385,000 | 390,425 |
1.25%, 03/15/26 (a) | 150,000 | 135,465 |
3.40%, 03/01/27 (a) | 435,000 | 418,374 |
3.05%, 10/15/27 (a) | 191,000 | 179,926 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 10/15/28 (a) | 1,000,000 | 992,220 |
2.40%, 03/15/30 (a) | 500,000 | 430,255 |
2.38%, 03/15/31 (a) | 500,000 | 422,845 |
4.80%, 08/15/38 (a) | 650,000 | 633,464 |
3.20%, 03/15/40 (a) | 250,000 | 199,888 |
6.13%, 11/15/41 | 145,000 | 160,224 |
4.80%, 07/15/46 (a) | 430,000 | 410,151 |
3.88%, 10/15/47 (a) | 314,000 | 259,706 |
4.90%, 12/15/48 (a) | 850,000 | 816,833 |
3.40%, 03/15/50 (a) | 400,000 | 306,292 |
3.40%, 03/15/51 (a) | 475,000 | 366,477 |
City of Hope | ||
5.62%, 11/15/43 | 195,000 | 211,743 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 150,000 | 145,011 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 100,000 | 95,651 |
3.90%, 05/15/28 (a) | 450,000 | 441,742 |
4.40%, 05/01/29 (a) | 150,000 | 149,960 |
Coca-Cola Co. | ||
1.75%, 09/06/24 | 350,000 | 342,062 |
3.38%, 03/25/27 | 400,000 | 396,600 |
1.45%, 06/01/27 | 500,000 | 452,875 |
1.00%, 03/15/28 | 500,000 | 431,545 |
2.13%, 09/06/29 | 300,000 | 267,942 |
3.45%, 03/25/30 | 700,000 | 679,602 |
1.65%, 06/01/30 | 250,000 | 212,025 |
2.00%, 03/05/31 | 200,000 | 172,262 |
1.38%, 03/15/31 | 400,000 | 326,048 |
2.25%, 01/05/32 | 500,000 | 436,155 |
2.50%, 06/01/40 | 500,000 | 394,080 |
4.20%, 03/25/50 | 250,000 | 246,445 |
2.60%, 06/01/50 | 400,000 | 299,204 |
3.00%, 03/05/51 | 350,000 | 283,251 |
2.50%, 03/15/51 | 500,000 | 364,630 |
2.75%, 06/01/60 | 350,000 | 253,312 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 150,000 | 149,648 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 350,000 | 314,398 |
1.85%, 09/01/32 (a) | 300,000 | 234,492 |
5.25%, 11/26/43 | 200,000 | 202,252 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 150,000 | 150,263 |
3.70%, 08/01/47 (a) | 377,000 | 342,459 |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 300,000 | 292,422 |
3.35%, 10/01/29 (a) | 350,000 | 322,577 |
4.35%, 11/01/42 | 250,000 | 225,325 |
3.82%, 10/01/49 (a) | 250,000 | 209,670 |
4.19%, 10/01/49 (a) | 300,000 | 253,734 |
3.91%, 10/01/50 (a) | 225,000 | 180,324 |
Community Health Network, Inc. | ||
3.10%, 05/01/50 (a) | 175,000 | 131,878 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 360,000 | 361,534 |
4.60%, 11/01/25 (a) | 350,000 | 351,967 |
1.38%, 11/01/27 (a) | 350,000 | 292,348 |
7.00%, 10/01/28 | 50,000 | 53,930 |
4.85%, 11/01/28 (a) | 400,000 | 394,652 |
8.25%, 09/15/30 | 150,000 | 175,997 |
5.30%, 11/01/38 (a) | 350,000 | 331,065 |
5.40%, 11/01/48 (a) | 300,000 | 283,875 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Constellation Brands, Inc. | ||
4.75%, 11/15/24 | 150,000 | 152,241 |
4.40%, 11/15/25 (a) | 250,000 | 251,597 |
4.75%, 12/01/25 | 200,000 | 203,526 |
3.70%, 12/06/26 (a) | 200,000 | 195,050 |
3.60%, 02/15/28 (a) | 100,000 | 94,919 |
4.65%, 11/15/28 (a) | 250,000 | 247,652 |
3.15%, 08/01/29 (a) | 300,000 | 270,555 |
2.88%, 05/01/30 (a) | 550,000 | 479,039 |
4.75%, 05/09/32 (a) | 200,000 | 197,802 |
4.50%, 05/09/47 (a) | 175,000 | 155,890 |
4.10%, 02/15/48 (a) | 150,000 | 127,343 |
5.25%, 11/15/48 (a) | 200,000 | 198,714 |
Cottage Health Obligated Group | ||
3.30%, 11/01/49 (a) | 200,000 | 158,534 |
CVS Health Corp. | ||
3.38%, 08/12/24 (a) | 250,000 | 249,012 |
2.63%, 08/15/24 (a) | 300,000 | 293,592 |
4.10%, 03/25/25 (a) | 300,000 | 302,292 |
3.88%, 07/20/25 (a) | 950,000 | 946,428 |
2.88%, 06/01/26 (a) | 600,000 | 572,250 |
3.00%, 08/15/26 (a) | 250,000 | 239,612 |
3.63%, 04/01/27 (a) | 250,000 | 243,650 |
6.25%, 06/01/27 | 200,000 | 215,010 |
1.30%, 08/21/27 (a) | 350,000 | 301,710 |
4.30%, 03/25/28 (a) | 1,572,000 | 1,558,198 |
3.25%, 08/15/29 (a) | 500,000 | 457,025 |
3.75%, 04/01/30 (a) | 400,000 | 374,500 |
1.75%, 08/21/30 (a) | 100,000 | 80,321 |
1.88%, 02/28/31 (a) | 400,000 | 320,836 |
2.13%, 09/15/31 (a) | 400,000 | 324,248 |
4.88%, 07/20/35 (a) | 250,000 | 247,492 |
4.78%, 03/25/38 (a) | 1,575,000 | 1,492,454 |
6.13%, 09/15/39 | 150,000 | 162,524 |
4.13%, 04/01/40 (a) | 350,000 | 305,805 |
2.70%, 08/21/40 (a) | 400,000 | 288,692 |
5.30%, 12/05/43 (a) | 250,000 | 249,000 |
5.13%, 07/20/45 (a) | 950,000 | 918,336 |
5.05%, 03/25/48 (a) | 2,400,000 | 2,299,752 |
4.25%, 04/01/50 (a) | 250,000 | 215,610 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 150,000 | 147,957 |
4.38%, 09/15/45 (a) | 50,000 | 46,580 |
2.60%, 10/01/50 (a) | 250,000 | 174,730 |
2.80%, 12/10/51 (a) | 250,000 | 180,760 |
Dartmouth-Hitchcock Health | ||
4.18%, 08/01/48 (a) | 150,000 | 135,879 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 200,000 | 168,982 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 200,000 | 192,212 |
2.60%, 11/15/29 (a) | 250,000 | 224,332 |
3.25%, 11/15/39 (a) | 450,000 | 374,494 |
3.40%, 11/15/49 (a) | 350,000 | 284,000 |
Diageo Capital PLC | ||
2.13%, 10/24/24 (a) | 200,000 | 193,268 |
1.38%, 09/29/25 (a) | 300,000 | 280,197 |
3.88%, 05/18/28 (a) | 250,000 | 248,647 |
2.38%, 10/24/29 (a) | 200,000 | 177,572 |
2.00%, 04/29/30 (a) | 450,000 | 384,912 |
2.13%, 04/29/32 (a) | 250,000 | 208,668 |
5.88%, 09/30/36 | 400,000 | 450,552 |
3.88%, 04/29/43 (a) | 50,000 | 45,059 |
Diageo Investment Corp. | ||
4.25%, 05/11/42 | 100,000 | 94,749 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dignity Health | ||
4.50%, 11/01/42 | 100,000 | 91,846 |
5.27%, 11/01/64 | 100,000 | 97,394 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 200,000 | 182,606 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 250,000 | 244,280 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 50,000 | 49,255 |
3.10%, 05/15/27 (a) | 250,000 | 243,692 |
3.38%, 03/15/29 (a) | 350,000 | 341,288 |
3.70%, 03/01/45 (a) | 50,000 | 46,096 |
3.95%, 05/15/47 (a) | 100,000 | 96,338 |
3.95%, 03/15/49 (a) | 350,000 | 338,156 |
2.25%, 05/15/50 (a) | 450,000 | 318,402 |
4.15%, 03/15/59 (a) | 225,000 | 217,166 |
2.50%, 09/15/60 (a) | 300,000 | 206,967 |
Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 100,000 | 97,033 |
3.15%, 03/15/27 (a) | 250,000 | 243,325 |
2.38%, 12/01/29 (a) | 200,000 | 178,238 |
2.60%, 04/15/30 (a) | 250,000 | 224,822 |
4.38%, 06/15/45 (a) | 150,000 | 142,106 |
4.15%, 03/15/47 (a) | 250,000 | 233,485 |
3.13%, 12/01/49 (a) | 300,000 | 239,190 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 200,000 | 164,380 |
Fomento Economico Mexicano S.A.B. de C.V. | ||
4.38%, 05/10/43 | 250,000 | 225,972 |
3.50%, 01/16/50 (a) | 800,000 | 619,744 |
Franciscan Missionaries of Our Lady Health System, Inc. | ||
3.91%, 07/01/49 (a) | 50,000 | 43,580 |
General Mills, Inc. | ||
3.65%, 02/15/24 (a) | 200,000 | 201,394 |
4.00%, 04/17/25 (a) | 400,000 | 400,160 |
3.20%, 02/10/27 (a) | 300,000 | 288,483 |
4.20%, 04/17/28 (a) | 325,000 | 322,371 |
2.88%, 04/15/30 (a) | 350,000 | 309,928 |
4.70%, 04/17/48 (a) | 50,000 | 47,770 |
3.00%, 02/01/51 (a) | 401,000 | 292,108 |
Gilead Sciences, Inc. | ||
2.50%, 09/01/23 (a) | 250,000 | 247,655 |
0.75%, 09/29/23 (a) | 412,000 | 398,952 |
3.70%, 04/01/24 (a) | 600,000 | 600,978 |
3.50%, 02/01/25 (a) | 600,000 | 593,748 |
3.65%, 03/01/26 (a) | 700,000 | 689,752 |
2.95%, 03/01/27 (a) | 350,000 | 331,597 |
1.20%, 10/01/27 (a) | 400,000 | 344,628 |
4.60%, 09/01/35 (a) | 550,000 | 545,550 |
4.00%, 09/01/36 (a) | 300,000 | 280,161 |
5.65%, 12/01/41 (a) | 200,000 | 214,642 |
4.80%, 04/01/44 (a) | 650,000 | 631,033 |
4.50%, 02/01/45 (a) | 400,000 | 370,908 |
4.75%, 03/01/46 (a) | 650,000 | 624,286 |
4.15%, 03/01/47 (a) | 625,000 | 553,244 |
2.80%, 10/01/50 (a) | 500,000 | 350,620 |
GlaxoSmithKline Capital PLC | ||
0.53%, 10/01/23 (a) | 350,000 | 338,408 |
3.00%, 06/01/24 (a) | 300,000 | 297,690 |
3.38%, 06/01/29 (a) | 250,000 | 241,485 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 350,000 | 351,246 |
3.88%, 05/15/28 | 500,000 | 498,185 |
5.38%, 04/15/34 | 180,000 | 197,710 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.38%, 05/15/38 | 775,000 | 928,527 |
4.20%, 03/18/43 | 175,000 | 165,286 |
GSK Consumer Healthcare Capital UK PLC | ||
3.13%, 03/24/25 (c) | 500,000 | 487,945 |
GSK Consumer Healthcare Capital US LLC | ||
3.02%, 03/24/24 (a)(c) | 250,000 | 246,602 |
3.38%, 03/24/27 (a)(c) | 500,000 | 478,615 |
3.38%, 03/24/29 (a)(c) | 300,000 | 281,013 |
3.63%, 03/24/32 (a)(c) | 700,000 | 646,317 |
4.00%, 03/24/52 (a)(c) | 300,000 | 259,032 |
Hackensack Meridian Health, Inc. | ||
2.68%, 09/01/41 (a) | 250,000 | 190,518 |
4.21%, 07/01/48 (a) | 100,000 | 93,308 |
4.50%, 07/01/57 (a) | 150,000 | 144,818 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 150,000 | 122,091 |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 150,000 | 146,220 |
3.55%, 11/19/26 (a) | 200,000 | 191,242 |
3.50%, 09/15/27 (a) | 100,000 | 94,479 |
3.90%, 11/19/29 (a) | 200,000 | 183,926 |
6.35%, 03/15/40 | 200,000 | 206,092 |
5.10%, 05/15/44 (a) | 150,000 | 135,818 |
HCA, Inc. | ||
5.00%, 03/15/24 | 700,000 | 703,325 |
5.38%, 02/01/25 | 750,000 | 748,965 |
5.25%, 04/15/25 | 500,000 | 501,470 |
5.88%, 02/15/26 (a) | 500,000 | 503,665 |
5.25%, 06/15/26 (a) | 250,000 | 248,885 |
5.38%, 09/01/26 (a) | 250,000 | 248,070 |
4.50%, 02/15/27 (a) | 500,000 | 481,410 |
3.13%, 03/15/27 (a)(c) | 250,000 | 228,647 |
5.63%, 09/01/28 (a) | 500,000 | 492,535 |
5.88%, 02/01/29 (a) | 250,000 | 250,477 |
3.38%, 03/15/29 (a)(c) | 250,000 | 219,943 |
4.13%, 06/15/29 (a) | 650,000 | 593,677 |
3.50%, 09/01/30 (a) | 750,000 | 640,192 |
3.63%, 03/15/32 (a)(c) | 500,000 | 422,705 |
5.13%, 06/15/39 (a) | 400,000 | 350,860 |
4.38%, 03/15/42 (a)(c) | 250,000 | 200,530 |
5.50%, 06/15/47 (a) | 400,000 | 359,672 |
5.25%, 06/15/49 (a) | 700,000 | 605,066 |
3.50%, 07/15/51 (a) | 500,000 | 345,510 |
4.63%, 03/15/52 (a)(c) | 500,000 | 400,275 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 200,000 | 185,534 |
2.30%, 08/15/26 (a) | 310,000 | 294,732 |
2.45%, 11/15/29 (a) | 100,000 | 89,771 |
3.13%, 11/15/49 (a) | 150,000 | 119,070 |
2.65%, 06/01/50 (a) | 250,000 | 184,033 |
Hormel Foods Corp. | ||
0.65%, 06/03/24 (a) | 300,000 | 285,948 |
1.70%, 06/03/28 (a) | 150,000 | 132,626 |
1.80%, 06/11/30 (a) | 250,000 | 209,908 |
3.05%, 06/03/51 (a) | 250,000 | 192,183 |
Hospital Special Surgery | ||
Series 2020 2.67%, 10/01/50 (a) | 150,000 | 106,598 |
IHC Health Services, Inc. | ||
4.13%, 05/15/48 (a) | 100,000 | 94,324 |
Illumina, Inc. | ||
2.55%, 03/23/31 (a) | 225,000 | 183,161 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 190,000 | 171,944 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 150,000 | 143,670 |
2.90%, 06/01/30 (a) | 250,000 | 217,548 |
3.90%, 06/01/50 (a) | 100,000 | 81,106 |
Integris Baptist Medical Center, Inc. | ||
3.88%, 08/15/50 (a) | 200,000 | 170,534 |
Iowa Health System | ||
Series 2020 3.67%, 02/15/50 (a) | 150,000 | 123,806 |
JM Smucker Co. | ||
3.50%, 03/15/25 | 350,000 | 345,579 |
2.38%, 03/15/30 (a) | 250,000 | 212,745 |
2.13%, 03/15/32 (a) | 200,000 | 161,038 |
4.25%, 03/15/35 | 250,000 | 231,320 |
4.38%, 03/15/45 | 200,000 | 175,128 |
3.55%, 03/15/50 (a) | 100,000 | 75,446 |
Johnson & Johnson | ||
3.38%, 12/05/23 | 250,000 | 251,675 |
2.63%, 01/15/25 (a) | 320,000 | 316,416 |
0.55%, 09/01/25 (a) | 450,000 | 415,462 |
2.45%, 03/01/26 (a) | 600,000 | 583,524 |
2.95%, 03/03/27 (a) | 400,000 | 391,332 |
0.95%, 09/01/27 (a) | 600,000 | 529,212 |
2.90%, 01/15/28 (a) | 350,000 | 338,583 |
6.95%, 09/01/29 | 100,000 | 123,851 |
1.30%, 09/01/30 (a) | 400,000 | 337,540 |
4.95%, 05/15/33 | 100,000 | 108,949 |
4.38%, 12/05/33 (a) | 100,000 | 103,483 |
3.55%, 03/01/36 (a) | 117,000 | 111,074 |
3.63%, 03/03/37 (a) | 550,000 | 523,314 |
3.40%, 01/15/38 (a) | 350,000 | 315,787 |
5.85%, 07/15/38 | 382,000 | 442,738 |
2.10%, 09/01/40 (a) | 400,000 | 293,272 |
4.50%, 09/01/40 | 50,000 | 50,734 |
4.85%, 05/15/41 | 150,000 | 158,528 |
4.50%, 12/05/43 (a) | 200,000 | 201,844 |
3.70%, 03/01/46 (a) | 775,000 | 716,549 |
3.75%, 03/03/47 (a) | 200,000 | 185,868 |
3.50%, 01/15/48 (a) | 50,000 | 44,852 |
2.25%, 09/01/50 (a) | 450,000 | 315,481 |
2.45%, 09/01/60 (a) | 550,000 | 374,418 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 350,000 | 340,732 |
2.81%, 06/01/41 (a) | 400,000 | 307,824 |
4.88%, 04/01/42 | 50,000 | 51,109 |
4.15%, 05/01/47 (a) | 275,000 | 257,260 |
3.27%, 11/01/49 (a) | 550,000 | 435,292 |
3.00%, 06/01/51 (a) | 400,000 | 299,336 |
Kellogg Co. | ||
2.65%, 12/01/23 | 350,000 | 346,878 |
4.30%, 05/15/28 (a) | 350,000 | 349,643 |
2.10%, 06/01/30 (a) | 250,000 | 207,730 |
7.45%, 04/01/31 | 50,000 | 57,875 |
4.50%, 04/01/46 | 231,000 | 213,167 |
Keurig Dr Pepper, Inc. | ||
3.13%, 12/15/23 (a) | 150,000 | 149,732 |
4.42%, 05/25/25 (a) | 550,000 | 555,390 |
3.40%, 11/15/25 (a) | 200,000 | 195,604 |
2.55%, 09/15/26 (a) | 250,000 | 233,042 |
3.43%, 06/15/27 (a) | 200,000 | 191,274 |
4.60%, 05/25/28 (a) | 500,000 | 500,805 |
3.20%, 05/01/30 (a) | 300,000 | 268,521 |
2.25%, 03/15/31 (a) | 250,000 | 205,905 |
4.50%, 11/15/45 (a) | 250,000 | 221,927 |
4.42%, 12/15/46 (a) | 200,000 | 177,742 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.80%, 05/01/50 (a) | 250,000 | 199,090 |
4.50%, 04/15/52 (a) | 400,000 | 352,948 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 150,000 | 146,027 |
1.05%, 09/15/27 (a) | 300,000 | 262,014 |
3.95%, 11/01/28 (a) | 200,000 | 199,604 |
3.20%, 04/25/29 (a) | 300,000 | 286,491 |
3.10%, 03/26/30 (a) | 200,000 | 187,934 |
6.63%, 08/01/37 | 300,000 | 366,096 |
5.30%, 03/01/41 | 300,000 | 317,562 |
3.20%, 07/30/46 (a) | 100,000 | 80,644 |
Koninklijke Ahold Delhaize N.V. | ||
5.70%, 10/01/40 | 173,000 | 182,415 |
Koninklijke Philips N.V. | ||
6.88%, 03/11/38 | 267,000 | 306,233 |
5.00%, 03/15/42 | 150,000 | 145,335 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 500,000 | 472,675 |
3.88%, 05/15/27 (a) | 400,000 | 387,264 |
4.63%, 01/30/29 (a) | 200,000 | 197,914 |
3.75%, 04/01/30 (a) | 250,000 | 231,227 |
5.00%, 07/15/35 (a) | 250,000 | 242,650 |
6.88%, 01/26/39 | 275,000 | 302,547 |
4.63%, 10/01/39 (a) | 175,000 | 153,475 |
6.50%, 02/09/40 | 250,000 | 267,925 |
5.00%, 06/04/42 | 500,000 | 458,085 |
5.20%, 07/15/45 (a) | 500,000 | 464,155 |
4.38%, 06/01/46 (a) | 850,000 | 708,594 |
4.88%, 10/01/49 (a) | 475,000 | 421,073 |
5.50%, 06/01/50 (a) | 250,000 | 241,402 |
Kroger Co. | ||
4.00%, 02/01/24 (a) | 450,000 | 452,722 |
2.65%, 10/15/26 (a) | 200,000 | 187,522 |
4.50%, 01/15/29 (a) | 200,000 | 199,032 |
2.20%, 05/01/30 (a) | 250,000 | 211,148 |
1.70%, 01/15/31 (a) | 200,000 | 159,460 |
7.50%, 04/01/31 | 100,000 | 119,042 |
6.90%, 04/15/38 | 140,000 | 163,621 |
5.40%, 07/15/40 (a) | 50,000 | 50,724 |
5.00%, 04/15/42 (a) | 100,000 | 97,053 |
5.15%, 08/01/43 (a) | 67,000 | 66,069 |
3.88%, 10/15/46 (a) | 100,000 | 83,164 |
4.45%, 02/01/47 (a) | 350,000 | 317,950 |
4.65%, 01/15/48 (a) | 200,000 | 186,964 |
5.40%, 01/15/49 (a) | 200,000 | 209,336 |
3.95%, 01/15/50 (a) | 270,000 | 229,027 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 600,000 | 591,492 |
2.30%, 12/01/24 (a) | 250,000 | 239,517 |
3.60%, 02/01/25 (a) | 150,000 | 147,917 |
2.95%, 12/01/29 (a) | 100,000 | 88,018 |
2.70%, 06/01/31 (a) | 250,000 | 210,523 |
4.70%, 02/01/45 (a) | 300,000 | 267,879 |
Mass General Brigham, Inc. | ||
3.77%, 07/01/48 (a) | 100,000 | 87,862 |
3.19%, 07/01/49 (a) | 100,000 | 78,628 |
4.12%, 07/01/55 | 100,000 | 90,520 |
3.34%, 07/01/60 (a) | 150,000 | 112,695 |
Mayo Clinic | ||
3.77%, 11/15/43 | 100,000 | 90,015 |
4.13%, 11/15/52 | 250,000 | 238,765 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 250,000 | 245,430 |
0.90%, 02/15/26 (a) | 150,000 | 133,173 |
3.40%, 08/15/27 (a) | 250,000 | 239,045 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 04/15/30 (a) | 200,000 | 171,024 |
4.20%, 08/15/47 (a) | 150,000 | 136,383 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 300,000 | 300,795 |
0.90%, 12/03/25 (a) | 250,000 | 225,317 |
3.95%, 02/16/28 (a) | 200,000 | 195,164 |
McLaren Health Care Corp. | ||
Series A 4.39%, 05/15/48 (a) | 150,000 | 143,508 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 200,000 | 201,450 |
5.90%, 11/01/39 | 150,000 | 168,219 |
4.60%, 06/01/44 (a) | 200,000 | 194,902 |
MedStar Health, Inc. | ||
3.63%, 08/15/49 | 125,000 | 103,548 |
Medtronic, Inc. | ||
4.38%, 03/15/35 | 650,000 | 650,097 |
4.63%, 03/15/45 | 600,000 | 603,444 |
Memorial Health Services | ||
3.45%, 11/01/49 (a) | 150,000 | 123,720 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 30,000 | 31,276 |
2.96%, 01/01/50 (a) | 100,000 | 76,144 |
4.13%, 07/01/52 | 200,000 | 187,498 |
4.20%, 07/01/55 | 200,000 | 183,690 |
Merck & Co., Inc. | ||
2.75%, 02/10/25 (a) | 1,150,000 | 1,135,498 |
0.75%, 02/24/26 (a) | 100,000 | 90,731 |
1.70%, 06/10/27 (a) | 500,000 | 454,775 |
3.40%, 03/07/29 (a) | 600,000 | 581,358 |
1.45%, 06/24/30 (a) | 450,000 | 373,923 |
2.15%, 12/10/31 (a) | 700,000 | 603,029 |
6.50%, 12/01/33 (f) | 350,000 | 423,773 |
3.90%, 03/07/39 (a) | 350,000 | 331,317 |
2.35%, 06/24/40 (a) | 300,000 | 226,293 |
3.60%, 09/15/42 (a) | 200,000 | 175,628 |
4.15%, 05/18/43 | 400,000 | 379,908 |
3.70%, 02/10/45 (a) | 625,000 | 550,125 |
4.00%, 03/07/49 (a) | 450,000 | 417,843 |
2.45%, 06/24/50 (a) | 400,000 | 282,592 |
2.75%, 12/10/51 (a) | 625,000 | 463,719 |
2.90%, 12/10/61 (a) | 475,000 | 338,794 |
Merck Sharp & Dohme Corp. | ||
5.95%, 12/01/28 | 50,000 | 55,215 |
Methodist Hospital | ||
2.71%, 12/01/50 (a) | 225,000 | 159,041 |
MidMichigan Health | ||
3.41%, 06/01/50 (a) | 150,000 | 121,182 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 590,000 | 555,615 |
5.00%, 05/01/42 | 350,000 | 322,213 |
4.20%, 07/15/46 (a) | 575,000 | 471,437 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 250,000 | 233,690 |
2.63%, 03/17/27 (a) | 250,000 | 234,137 |
2.75%, 04/13/30 (a) | 425,000 | 373,673 |
1.50%, 02/04/31 (a) | 200,000 | 157,322 |
3.00%, 03/17/32 (a) | 250,000 | 218,885 |
1.88%, 10/15/32 (a) | 250,000 | 194,908 |
2.63%, 09/04/50 (a) | 250,000 | 169,948 |
Montefiore Obligated Group | ||
5.25%, 11/01/48 | 150,000 | 128,204 |
4.29%, 09/01/50 | 125,000 | 91,596 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mount Sinai Hospitals Group, Inc. | ||
3.98%, 07/01/48 | 100,000 | 88,490 |
3.74%, 07/01/49 (a) | 150,000 | 126,792 |
3.39%, 07/01/50 (a) | 150,000 | 115,371 |
MultiCare Health System | ||
2.80%, 08/15/50 (a) | 150,000 | 108,323 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 250,000 | 238,542 |
5.40%, 11/29/43 (a) | 150,000 | 126,177 |
5.20%, 04/15/48 (a) | 250,000 | 200,533 |
New York and Presbyterian Hospital | ||
2.26%, 08/01/40 (a) | 150,000 | 108,023 |
4.02%, 08/01/45 | 100,000 | 91,952 |
4.06%, 08/01/56 | 100,000 | 91,854 |
2.61%, 08/01/60 (a) | 100,000 | 64,331 |
3.95%, 08/01/19 (a) | 200,000 | 155,046 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 175,000 | 151,506 |
4.26%, 11/01/47 (a) | 250,000 | 226,912 |
3.81%, 11/01/49 (a) | 150,000 | 125,502 |
Novant Health, Inc. | ||
2.64%, 11/01/36 (a) | 200,000 | 161,834 |
3.32%, 11/01/61 (a) | 250,000 | 191,930 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 350,000 | 351,746 |
1.75%, 02/14/25 (a) | 350,000 | 337,925 |
3.00%, 11/20/25 (a) | 550,000 | 542,960 |
2.00%, 02/14/27 (a) | 490,000 | 456,410 |
3.10%, 05/17/27 (a) | 350,000 | 341,736 |
2.20%, 08/14/30 (a) | 550,000 | 485,606 |
3.70%, 09/21/42 | 150,000 | 136,514 |
4.40%, 05/06/44 | 575,000 | 574,845 |
4.00%, 11/20/45 (a) | 400,000 | 372,884 |
2.75%, 08/14/50 (a) | 350,000 | 272,639 |
NYU Langone Hospitals | ||
5.75%, 07/01/43 | 125,000 | 139,804 |
4.78%, 07/01/44 | 100,000 | 98,786 |
4.37%, 07/01/47 (a) | 180,000 | 164,828 |
3.38%, 07/01/55 (a) | 150,000 | 113,895 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 150,000 | 129,257 |
2.83%, 11/15/41 (a) | 50,000 | 38,866 |
3.04%, 11/15/50 (a) | 150,000 | 115,973 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 100,000 | 90,185 |
3.33%, 10/01/50 (a) | 150,000 | 120,029 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 150,000 | 138,377 |
4.79%, 11/15/48 (a) | 100,000 | 99,767 |
3.22%, 11/15/50 (a) | 150,000 | 114,233 |
PepsiCo, Inc. | ||
0.40%, 10/07/23 | 300,000 | 291,096 |
3.60%, 03/01/24 (a) | 550,000 | 553,624 |
2.25%, 03/19/25 (a) | 550,000 | 535,826 |
2.75%, 04/30/25 (a) | 300,000 | 295,656 |
3.50%, 07/17/25 (a) | 100,000 | 100,502 |
2.38%, 10/06/26 (a) | 300,000 | 288,330 |
2.63%, 03/19/27 (a) | 250,000 | 239,937 |
3.00%, 10/15/27 (a) | 500,000 | 487,155 |
2.63%, 07/29/29 (a) | 400,000 | 370,792 |
2.75%, 03/19/30 (a) | 500,000 | 460,805 |
1.63%, 05/01/30 (a) | 225,000 | 191,061 |
1.40%, 02/25/31 (a) | 200,000 | 164,460 |
1.95%, 10/21/31 (a) | 400,000 | 341,248 |
3.50%, 03/19/40 (a) | 300,000 | 268,602 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 03/05/42 | 250,000 | 235,485 |
3.60%, 08/13/42 | 245,000 | 218,383 |
4.45%, 04/14/46 (a) | 350,000 | 354,760 |
3.45%, 10/06/46 (a) | 400,000 | 345,732 |
4.00%, 05/02/47 (a) | 150,000 | 143,055 |
3.38%, 07/29/49 (a) | 250,000 | 215,195 |
2.88%, 10/15/49 (a) | 250,000 | 198,723 |
3.63%, 03/19/50 (a) | 300,000 | 272,664 |
3.88%, 03/19/60 (a) | 250,000 | 233,705 |
PerkinElmer, Inc. | ||
0.55%, 09/15/23 (a) | 250,000 | 240,930 |
1.90%, 09/15/28 (a) | 250,000 | 208,520 |
3.30%, 09/15/29 (a) | 250,000 | 220,260 |
2.25%, 09/15/31 (a) | 250,000 | 198,015 |
3.63%, 03/15/51 (a) | 150,000 | 113,696 |
Pfizer, Inc. | ||
3.20%, 09/15/23 (a) | 350,000 | 351,074 |
2.95%, 03/15/24 (a) | 268,000 | 266,915 |
3.40%, 05/15/24 | 250,000 | 251,495 |
0.80%, 05/28/25 (a) | 350,000 | 326,676 |
2.75%, 06/03/26 | 400,000 | 390,052 |
3.00%, 12/15/26 | 650,000 | 636,155 |
3.60%, 09/15/28 (a) | 250,000 | 248,972 |
3.45%, 03/15/29 (a) | 500,000 | 487,135 |
2.63%, 04/01/30 (a) | 500,000 | 456,775 |
1.70%, 05/28/30 (a) | 250,000 | 213,418 |
4.00%, 12/15/36 | 250,000 | 244,020 |
4.10%, 09/15/38 (a) | 200,000 | 193,504 |
3.90%, 03/15/39 (a) | 300,000 | 283,812 |
7.20%, 03/15/39 | 650,000 | 852,501 |
2.55%, 05/28/40 (a) | 250,000 | 197,190 |
5.60%, 09/15/40 | 200,000 | 224,486 |
4.30%, 06/15/43 | 150,000 | 145,383 |
4.40%, 05/15/44 | 350,000 | 344,155 |
4.13%, 12/15/46 | 550,000 | 529,991 |
4.20%, 09/15/48 (a) | 300,000 | 292,671 |
4.00%, 03/15/49 (a) | 250,000 | 235,802 |
2.70%, 05/28/50 (a) | 250,000 | 191,908 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 200,000 | 226,256 |
Philip Morris International, Inc. | ||
2.88%, 05/01/24 (a) | 200,000 | 197,776 |
1.50%, 05/01/25 (a) | 200,000 | 187,366 |
3.38%, 08/11/25 (a) | 150,000 | 147,774 |
2.75%, 02/25/26 (a) | 330,000 | 315,463 |
0.88%, 05/01/26 (a) | 250,000 | 221,577 |
3.13%, 08/17/27 (a) | 50,000 | 46,985 |
3.13%, 03/02/28 (a) | 250,000 | 228,745 |
3.38%, 08/15/29 (a) | 250,000 | 225,715 |
2.10%, 05/01/30 (a) | 300,000 | 245,502 |
1.75%, 11/01/30 (a) | 250,000 | 193,918 |
6.38%, 05/16/38 | 400,000 | 421,384 |
4.38%, 11/15/41 | 250,000 | 209,263 |
4.50%, 03/20/42 | 250,000 | 213,793 |
3.88%, 08/21/42 | 250,000 | 196,283 |
4.13%, 03/04/43 | 300,000 | 242,640 |
4.88%, 11/15/43 | 175,000 | 156,335 |
4.25%, 11/10/44 | 400,000 | 326,468 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 150,000 | 123,974 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 500,000 | 460,545 |
2.70%, 02/02/26 | 400,000 | 393,448 |
1.00%, 04/23/26 | 250,000 | 230,030 |
2.45%, 11/03/26 | 350,000 | 337,043 |
2.80%, 03/25/27 | 200,000 | 193,702 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.85%, 08/11/27 | 500,000 | 485,030 |
3.00%, 03/25/30 | 500,000 | 472,160 |
1.20%, 10/29/30 | 250,000 | 204,660 |
1.95%, 04/23/31 | 400,000 | 346,312 |
5.80%, 08/15/34 | 250,000 | 290,590 |
3.55%, 03/25/40 | 300,000 | 273,519 |
3.50%, 10/25/47 | 200,000 | 178,402 |
3.60%, 03/25/50 | 150,000 | 137,652 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 300,000 | 266,163 |
3.74%, 10/01/47 | 112,000 | 96,459 |
3.93%, 10/01/48 (a) | 125,000 | 110,130 |
2.70%, 10/01/51 (a) | 250,000 | 169,125 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 300,000 | 295,341 |
3.45%, 06/01/26 (a) | 100,000 | 97,495 |
4.20%, 06/30/29 (a) | 100,000 | 97,263 |
2.95%, 06/30/30 (a) | 300,000 | 264,636 |
2.80%, 06/30/31 (a) | 150,000 | 128,912 |
4.70%, 03/30/45 (a) | 100,000 | 90,762 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 450,000 | 361,426 |
2.80%, 09/15/50 (a) | 250,000 | 170,218 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 750,000 | 747,382 |
5.70%, 08/15/35 (a) | 300,000 | 280,803 |
7.25%, 06/15/37 | 225,000 | 235,966 |
6.15%, 09/15/43 | 200,000 | 182,876 |
5.85%, 08/15/45 (a) | 725,000 | 616,736 |
Royalty Pharma PLC | ||
0.75%, 09/02/23 | 300,000 | 288,924 |
1.20%, 09/02/25 (a) | 350,000 | 313,659 |
1.75%, 09/02/27 (a) | 350,000 | 298,767 |
2.20%, 09/02/30 (a) | 350,000 | 282,628 |
2.15%, 09/02/31 (a) | 200,000 | 156,416 |
3.30%, 09/02/40 (a) | 350,000 | 259,122 |
3.55%, 09/02/50 (a) | 150,000 | 104,841 |
3.35%, 09/02/51 (a) | 250,000 | 169,828 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 150,000 | 144,503 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 225,000 | 199,136 |
3.48%, 07/01/49 (a) | 50,000 | 41,242 |
Sanofi | ||
3.63%, 06/19/28 (a) | 250,000 | 246,922 |
Sharp HealthCare | ||
2.68%, 08/01/50 (a) | 150,000 | 106,214 |
Shire Acquisitions Investments Ireland DAC | ||
2.88%, 09/23/23 (a) | 340,000 | 336,372 |
3.20%, 09/23/26 (a) | 900,000 | 864,414 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 250,000 | 198,733 |
Spectrum Health System Obligated Group | ||
3.49%, 07/15/49 (a) | 150,000 | 125,558 |
SSM Health Care Corp. | ||
3.69%, 06/01/23 (a) | 200,000 | 200,202 |
Stanford Health Care | ||
3.80%, 11/15/48 (a) | 200,000 | 176,898 |
3.03%, 08/15/51 (a) | 100,000 | 75,924 |
STERIS Irish FinCo Unlimited Co. | ||
2.70%, 03/15/31 (a) | 200,000 | 169,114 |
3.75%, 03/15/51 (a) | 150,000 | 117,240 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Stryker Corp. | ||
3.38%, 05/15/24 (a) | 150,000 | 149,270 |
1.15%, 06/15/25 (a) | 200,000 | 184,878 |
3.38%, 11/01/25 (a) | 200,000 | 196,112 |
3.50%, 03/15/26 (a) | 340,000 | 333,747 |
3.65%, 03/07/28 (a) | 150,000 | 145,487 |
1.95%, 06/15/30 (a) | 400,000 | 333,112 |
4.10%, 04/01/43 (a) | 100,000 | 86,868 |
4.38%, 05/15/44 (a) | 100,000 | 90,863 |
4.63%, 03/15/46 (a) | 325,000 | 311,057 |
2.90%, 06/15/50 (a) | 250,000 | 181,148 |
Summa Health | ||
3.51%, 11/15/51 (a) | 100,000 | 81,052 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 200,000 | 185,012 |
2.29%, 08/15/30 (a) | 200,000 | 171,868 |
3.16%, 08/15/40 (a) | 100,000 | 78,724 |
4.09%, 08/15/48 (a) | 150,000 | 132,788 |
3.36%, 08/15/50 (a) | 200,000 | 154,906 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 300,000 | 299,289 |
3.30%, 07/15/26 (a) | 250,000 | 242,115 |
3.25%, 07/15/27 (a) | 200,000 | 190,474 |
2.40%, 02/15/30 (a) | 200,000 | 171,252 |
5.95%, 04/01/30 (a) | 200,000 | 213,604 |
2.45%, 12/14/31 (a) | 200,000 | 166,338 |
5.38%, 09/21/35 | 200,000 | 206,812 |
6.60%, 04/01/40 (a) | 100,000 | 114,977 |
4.85%, 10/01/45 (a) | 175,000 | 163,317 |
4.50%, 04/01/46 (a) | 200,000 | 178,792 |
4.45%, 03/15/48 (a) | 175,000 | 153,550 |
3.30%, 02/15/50 (a) | 150,000 | 112,145 |
6.60%, 04/01/50 (a) | 431,000 | 498,163 |
Takeda Pharmaceutical Co., Ltd. | ||
4.40%, 11/26/23 (a) | 500,000 | 503,820 |
5.00%, 11/26/28 (a) | 500,000 | 510,175 |
2.05%, 03/31/30 (a) | 750,000 | 627,517 |
3.03%, 07/09/40 (a) | 500,000 | 385,020 |
3.18%, 07/09/50 (a) | 600,000 | 448,458 |
3.38%, 07/09/60 (a) | 300,000 | 219,828 |
Texas Health Resources | ||
2.33%, 11/15/50 (a) | 125,000 | 82,140 |
4.33%, 11/15/55 | 100,000 | 95,592 |
Thermo Fisher Scientific, Inc. | ||
0.80%, 10/18/23 (a) | 300,000 | 291,192 |
1.22%, 10/18/24 (a) | 750,000 | 711,562 |
1.75%, 10/15/28 (a) | 200,000 | 175,124 |
2.60%, 10/01/29 (a) | 310,000 | 281,325 |
2.00%, 10/15/31 (a) | 400,000 | 335,824 |
2.80%, 10/15/41 (a) | 400,000 | 314,196 |
5.30%, 02/01/44 (a) | 148,000 | 158,795 |
4.10%, 08/15/47 (a) | 235,000 | 219,464 |
Toledo Hospital | ||
5.33%, 11/15/28 | 75,000 | 70,656 |
5.75%, 11/15/38 (a) | 175,000 | 179,330 |
6.02%, 11/15/48 | 150,000 | 140,681 |
Trinity Health Corp. | ||
4.13%, 12/01/45 | 225,000 | 208,271 |
3.43%, 12/01/48 | 100,000 | 84,018 |
Tyson Foods, Inc. | ||
3.90%, 09/28/23 (a) | 150,000 | 150,527 |
3.95%, 08/15/24 (a) | 250,000 | 249,802 |
4.00%, 03/01/26 (a) | 250,000 | 248,265 |
3.55%, 06/02/27 (a) | 350,000 | 335,685 |
4.35%, 03/01/29 (a) | 260,000 | 257,709 |
4.88%, 08/15/34 (a) | 350,000 | 354,294 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.15%, 08/15/44 (a) | 225,000 | 223,947 |
4.55%, 06/02/47 (a) | 350,000 | 321,496 |
5.10%, 09/28/48 (a) | 210,000 | 212,470 |
Unilever Capital Corp. | ||
0.38%, 09/14/23 | 150,000 | 145,305 |
3.25%, 03/07/24 (a) | 200,000 | 200,244 |
2.60%, 05/05/24 (a) | 300,000 | 295,710 |
3.10%, 07/30/25 | 200,000 | 197,870 |
2.00%, 07/28/26 | 350,000 | 329,868 |
2.90%, 05/05/27 (a) | 200,000 | 192,200 |
3.50%, 03/22/28 (a) | 550,000 | 538,758 |
2.13%, 09/06/29 (a) | 200,000 | 176,322 |
1.38%, 09/14/30 (a) | 150,000 | 122,139 |
1.75%, 08/12/31 (a) | 200,000 | 165,048 |
5.90%, 11/15/32 | 400,000 | 455,924 |
2.63%, 08/12/51 (a) | 200,000 | 145,172 |
Universal Health Services, Inc. | ||
2.65%, 10/15/30 (a)(c) | 375,000 | 300,225 |
2.65%, 01/15/32 (a)(c) | 200,000 | 155,460 |
UPMC | ||
3.60%, 04/03/25 | 100,000 | 99,381 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 700,000 | 660,541 |
5.25%, 06/15/46 (a) | 250,000 | 202,795 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 250,000 | 226,817 |
2.30%, 06/22/27 (a) | 250,000 | 214,803 |
2.70%, 06/22/30 (a) | 400,000 | 321,676 |
3.85%, 06/22/40 (a) | 500,000 | 353,640 |
4.00%, 06/22/50 (a) | 625,000 | 417,081 |
West Virginia United Health System Obligated Group | ||
3.13%, 06/01/50 (a) | 150,000 | 109,101 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 100,000 | 100,764 |
3.70%, 05/01/25 | 100,000 | 99,890 |
4.75%, 02/26/29 (a) | 250,000 | 249,695 |
4.50%, 06/01/46 (a) | 150,000 | 127,220 |
4.60%, 05/15/50 (a) | 150,000 | 130,130 |
Willis-Knighton Medical Center | ||
4.81%, 09/01/48 (a) | 100,000 | 100,739 |
3.07%, 03/01/51 (a) | 150,000 | 108,186 |
Wyeth LLC | ||
6.50%, 02/01/34 | 450,000 | 538,564 |
6.00%, 02/15/36 | 250,000 | 287,732 |
5.95%, 04/01/37 | 550,000 | 635,910 |
Yale-New Haven Health Services Corp. | ||
2.50%, 07/01/50 (a) | 200,000 | 137,534 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 350,000 | 345,646 |
3.05%, 01/15/26 (a) | 250,000 | 240,250 |
2.60%, 11/24/31 (a) | 250,000 | 204,445 |
4.45%, 08/15/45 (a) | 149,000 | 128,813 |
Zoetis, Inc. | ||
3.00%, 09/12/27 (a) | 400,000 | 377,736 |
3.90%, 08/20/28 (a) | 320,000 | 310,477 |
2.00%, 05/15/30 (a) | 200,000 | 167,626 |
4.70%, 02/01/43 (a) | 350,000 | 337,876 |
4.45%, 08/20/48 (a) | 150,000 | 141,576 |
3.00%, 05/15/50 (a) | 250,000 | 186,803 |
269,604,251 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Energy 1.7% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 550,000 | 520,553 |
3.14%, 11/07/29 (a) | 200,000 | 181,120 |
4.49%, 05/01/30 (a) | 150,000 | 148,550 |
4.08%, 12/15/47 (a) | 575,000 | 487,790 |
Baker Hughes Holdings LLC | ||
1.23%, 12/15/23 | 150,000 | 145,764 |
2.06%, 12/15/26 (a) | 100,000 | 91,969 |
5.13%, 09/15/40 | 150,000 | 147,080 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 180,000 | 181,519 |
5.95%, 06/01/26 (a) | 150,000 | 155,639 |
4.45%, 07/15/27 (a) | 250,000 | 242,597 |
3.40%, 02/15/31 (a) | 350,000 | 300,002 |
BP Capital Markets America, Inc. | ||
3.79%, 02/06/24 (a) | 325,000 | 326,648 |
3.19%, 04/06/25 (a) | 300,000 | 296,589 |
3.80%, 09/21/25 (a) | 350,000 | 351,120 |
3.41%, 02/11/26 (a) | 250,000 | 245,462 |
3.12%, 05/04/26 (a) | 300,000 | 290,556 |
3.02%, 01/16/27 (a) | 300,000 | 286,410 |
3.54%, 04/06/27 (a) | 150,000 | 146,144 |
3.59%, 04/14/27 (a) | 250,000 | 243,962 |
3.94%, 09/21/28 (a) | 350,000 | 342,443 |
4.23%, 11/06/28 (a) | 600,000 | 596,766 |
3.63%, 04/06/30 (a) | 500,000 | 474,185 |
1.75%, 08/10/30 (a) | 200,000 | 164,848 |
2.72%, 01/12/32 (a) | 500,000 | 431,130 |
3.06%, 06/17/41 (a) | 400,000 | 311,908 |
3.00%, 02/24/50 (a) | 700,000 | 510,545 |
2.77%, 11/10/50 (a) | 550,000 | 383,113 |
2.94%, 06/04/51 (a) | 750,000 | 536,805 |
3.00%, 03/17/52 (a) | 500,000 | 362,025 |
3.38%, 02/08/61 (a) | 400,000 | 297,276 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 450,000 | 431,392 |
3.72%, 11/28/28 (a) | 250,000 | 242,305 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 150,000 | 149,090 |
3.90%, 02/01/25 (a) | 100,000 | 99,163 |
2.05%, 07/15/25 (a) | 150,000 | 140,552 |
3.85%, 06/01/27 (a) | 200,000 | 192,186 |
2.95%, 07/15/30 (a) | 200,000 | 175,868 |
7.20%, 01/15/32 | 125,000 | 141,979 |
6.45%, 06/30/33 | 150,000 | 162,995 |
5.85%, 02/01/35 | 100,000 | 101,780 |
6.50%, 02/15/37 | 175,000 | 187,698 |
6.25%, 03/15/38 | 300,000 | 317,934 |
6.75%, 02/01/39 | 150,000 | 166,115 |
4.95%, 06/01/47 (a) | 250,000 | 238,815 |
Cenovus Energy, Inc. | ||
5.38%, 07/15/25 (a) | 250,000 | 257,742 |
4.25%, 04/15/27 (a) | 300,000 | 294,819 |
4.40%, 04/15/29 (a) | 200,000 | 192,856 |
5.25%, 06/15/37 (a) | 250,000 | 244,992 |
6.80%, 09/15/37 | 150,000 | 166,647 |
6.75%, 11/15/39 | 500,000 | 534,795 |
5.40%, 06/15/47 (a) | 325,000 | 314,554 |
Cheniere Corpus Christi Holdings LLC | ||
7.00%, 06/30/24 (a) | 525,000 | 544,703 |
5.88%, 03/31/25 (a) | 375,000 | 384,232 |
5.13%, 06/30/27 (a) | 650,000 | 652,996 |
3.70%, 11/15/29 (a) | 500,000 | 459,420 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 700,000 | 698,117 |
1.55%, 05/11/25 (a) | 950,000 | 901,084 |
3.33%, 11/17/25 (a) | 50,000 | 49,827 |
2.95%, 05/16/26 (a) | 300,000 | 293,235 |
2.00%, 05/11/27 (a) | 100,000 | 92,236 |
2.24%, 05/11/30 (a) | 350,000 | 308,329 |
3.08%, 05/11/50 (a) | 200,000 | 159,682 |
Chevron USA, Inc. | ||
0.43%, 08/11/23 | 200,000 | 194,620 |
3.90%, 11/15/24 (a) | 170,000 | 171,771 |
0.69%, 08/12/25 (a) | 250,000 | 230,198 |
1.02%, 08/12/27 (a) | 250,000 | 218,493 |
3.85%, 01/15/28 (a) | 250,000 | 248,757 |
3.25%, 10/15/29 (a) | 50,000 | 47,403 |
6.00%, 03/01/41 (a) | 150,000 | 176,093 |
5.25%, 11/15/43 (a) | 200,000 | 213,348 |
2.34%, 08/12/50 (a) | 150,000 | 104,015 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 483,000 | 487,922 |
5.80%, 06/01/45 (a) | 100,000 | 103,571 |
ConocoPhillips Co. | ||
2.13%, 03/08/24 (a) | 400,000 | 392,828 |
2.40%, 03/07/25 (a) | 250,000 | 241,430 |
6.95%, 04/15/29 | 300,000 | 343,644 |
5.90%, 10/15/32 | 100,000 | 110,388 |
6.50%, 02/01/39 | 500,000 | 588,810 |
3.76%, 03/15/42 (a)(c) | 400,000 | 351,208 |
4.30%, 11/15/44 (a) | 300,000 | 276,027 |
4.88%, 10/01/47 (a) | 150,000 | 150,419 |
3.80%, 03/15/52 (a) | 300,000 | 257,583 |
4.03%, 03/15/62 (a)(c) | 767,000 | 655,885 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 375,000 | 352,987 |
4.90%, 06/01/44 (a) | 250,000 | 199,085 |
Coterra Energy, Inc. | ||
4.38%, 06/01/24 (a)(c) | 250,000 | 250,055 |
3.90%, 05/15/27 (a)(c) | 200,000 | 192,694 |
4.38%, 03/15/29 (a)(c) | 200,000 | 197,034 |
Devon Energy Corp. | ||
5.25%, 09/15/24 (a)(c) | 200,000 | 204,326 |
5.85%, 12/15/25 (a) | 150,000 | 156,507 |
5.25%, 10/15/27 (a) | 150,000 | 151,301 |
5.88%, 06/15/28 (a)(c) | 100,000 | 101,755 |
4.50%, 01/15/30 (a) | 195,000 | 184,119 |
7.88%, 09/30/31 | 150,000 | 176,406 |
7.95%, 04/15/32 | 100,000 | 118,652 |
5.60%, 07/15/41 (a) | 500,000 | 497,720 |
4.75%, 05/15/42 (a) | 150,000 | 136,115 |
5.00%, 06/15/45 (a) | 250,000 | 232,420 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 300,000 | 293,118 |
3.50%, 12/01/29 (a) | 600,000 | 550,548 |
3.13%, 03/24/31 (a) | 50,000 | 43,565 |
4.40%, 03/24/51 (a) | 200,000 | 171,588 |
4.25%, 03/15/52 (a) | 150,000 | 124,784 |
Eastern Energy Gas Holdings LLC | ||
3.55%, 11/01/23 (a) | 150,000 | 149,876 |
2.50%, 11/15/24 (a) | 150,000 | 145,022 |
3.60%, 12/15/24 (a) | 167,000 | 165,844 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a)(c) | 150,000 | 136,028 |
4.80%, 11/01/43 (a)(c) | 100,000 | 94,221 |
4.60%, 12/15/44 (a)(c) | 150,000 | 138,914 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Enable Midstream Partners LP | ||
3.90%, 05/15/24 (a) | 100,000 | 98,989 |
4.95%, 05/15/28 (a) | 350,000 | 343,021 |
4.15%, 09/15/29 (a) | 200,000 | 183,654 |
5.00%, 05/15/44 (a) | 75,000 | 63,362 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 150,000 | 157,005 |
7.50%, 04/15/38 | 100,000 | 118,793 |
5.50%, 09/15/40 (a) | 300,000 | 300,372 |
7.38%, 10/15/45 (a) | 150,000 | 179,936 |
Enbridge, Inc. | ||
4.00%, 10/01/23 (a) | 250,000 | 250,735 |
1.60%, 10/04/26 (a) | 150,000 | 133,794 |
4.25%, 12/01/26 (a) | 850,000 | 841,908 |
3.70%, 07/15/27 (a) | 325,000 | 311,867 |
3.13%, 11/15/29 (a) | 350,000 | 317,446 |
2.50%, 08/01/33 (a) | 400,000 | 323,752 |
4.50%, 06/10/44 (a) | 250,000 | 219,568 |
5.50%, 12/01/46 (a) | 150,000 | 155,303 |
4.00%, 11/15/49 (a) | 250,000 | 210,800 |
Energy Transfer Operating LP | ||
4.20%, 09/15/23 (a) | 50,000 | 50,075 |
5.88%, 01/15/24 (a) | 450,000 | 458,838 |
4.90%, 02/01/24 (a) | 100,000 | 100,875 |
4.50%, 04/15/24 (a) | 200,000 | 200,264 |
4.05%, 03/15/25 (a) | 200,000 | 197,220 |
2.90%, 05/15/25 (a) | 400,000 | 380,896 |
4.75%, 01/15/26 (a) | 350,000 | 349,436 |
4.40%, 03/15/27 (a) | 300,000 | 289,971 |
4.20%, 04/15/27 (a) | 250,000 | 240,720 |
5.50%, 06/01/27 (a) | 350,000 | 355,600 |
4.95%, 06/15/28 (a) | 350,000 | 345,163 |
5.25%, 04/15/29 (a) | 300,000 | 297,621 |
3.75%, 05/15/30 (a) | 500,000 | 450,815 |
4.90%, 03/15/35 (a) | 150,000 | 135,483 |
6.63%, 10/15/36 | 125,000 | 125,863 |
7.50%, 07/01/38 | 100,000 | 108,170 |
6.05%, 06/01/41 (a) | 250,000 | 243,952 |
6.50%, 02/01/42 (a) | 350,000 | 352,565 |
5.15%, 02/01/43 (a) | 100,000 | 86,141 |
5.95%, 10/01/43 (a) | 148,000 | 139,891 |
5.15%, 03/15/45 (a) | 350,000 | 300,832 |
6.13%, 12/15/45 (a) | 300,000 | 288,180 |
5.30%, 04/15/47 (a) | 300,000 | 261,456 |
6.00%, 06/15/48 (a) | 350,000 | 330,753 |
6.25%, 04/15/49 (a) | 500,000 | 485,565 |
5.00%, 05/15/50 (a) | 650,000 | 554,859 |
Energy Transfer Partners LP/Regency Energy Finance Corp. | ||
4.50%, 11/01/23 (a) | 200,000 | 201,000 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 150,000 | 167,930 |
Enterprise Products Operating LLC | ||
3.90%, 02/15/24 (a) | 300,000 | 299,778 |
3.75%, 02/15/25 (a) | 400,000 | 396,256 |
3.70%, 02/15/26 (a) | 150,000 | 147,657 |
3.95%, 02/15/27 (a) | 25,000 | 24,711 |
4.15%, 10/16/28 (a) | 400,000 | 390,672 |
3.13%, 07/31/29 (a) | 450,000 | 405,360 |
2.80%, 01/31/30 (a) | 500,000 | 438,385 |
6.65%, 10/15/34 | 100,000 | 112,564 |
7.55%, 04/15/38 | 150,000 | 179,631 |
6.13%, 10/15/39 | 225,000 | 239,717 |
6.45%, 09/01/40 | 70,000 | 76,371 |
5.95%, 02/01/41 | 300,000 | 313,644 |
5.70%, 02/15/42 | 150,000 | 152,072 |
4.85%, 08/15/42 (a) | 300,000 | 277,479 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.45%, 02/15/43 (a) | 300,000 | 261,888 |
4.85%, 03/15/44 (a) | 400,000 | 365,708 |
5.10%, 02/15/45 (a) | 350,000 | 329,896 |
4.90%, 05/15/46 (a) | 250,000 | 230,088 |
4.25%, 02/15/48 (a) | 350,000 | 295,946 |
4.80%, 02/01/49 (a) | 450,000 | 409,162 |
4.20%, 01/31/50 (a) | 400,000 | 335,332 |
3.70%, 01/31/51 (a) | 325,000 | 254,316 |
3.20%, 02/15/52 (a) | 350,000 | 251,583 |
4.95%, 10/15/54 (a) | 175,000 | 160,580 |
3.95%, 01/31/60 (a) | 425,000 | 335,151 |
5.25%, 08/16/77 (a)(b) | 335,000 | 282,757 |
5.38%, 02/15/78 (a)(b) | 235,000 | 188,475 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 250,000 | 246,190 |
4.15%, 01/15/26 (a) | 50,000 | 50,472 |
4.38%, 04/15/30 (a) | 300,000 | 301,575 |
3.90%, 04/01/35 (a) | 165,000 | 153,882 |
4.95%, 04/15/50 (a) | 200,000 | 207,260 |
EQT Corp. | ||
6.63%, 02/01/25 (a)(f) | 300,000 | 309,429 |
3.90%, 10/01/27 (a) | 400,000 | 374,640 |
7.50%, 02/01/30 (a)(f) | 300,000 | 322,818 |
Exxon Mobil Corp. | ||
3.18%, 03/15/24 (a) | 250,000 | 250,292 |
2.02%, 08/16/24 (a) | 325,000 | 317,395 |
2.71%, 03/06/25 (a) | 600,000 | 588,144 |
2.99%, 03/19/25 (a) | 900,000 | 887,553 |
3.04%, 03/01/26 (a) | 500,000 | 491,115 |
2.28%, 08/16/26 (a) | 300,000 | 285,081 |
3.29%, 03/19/27 (a) | 300,000 | 295,560 |
2.44%, 08/16/29 (a) | 450,000 | 405,207 |
3.48%, 03/19/30 (a) | 650,000 | 623,571 |
2.61%, 10/15/30 (a) | 600,000 | 539,358 |
3.00%, 08/16/39 (a) | 250,000 | 205,148 |
4.23%, 03/19/40 (a) | 550,000 | 520,014 |
3.57%, 03/06/45 (a) | 300,000 | 254,610 |
4.11%, 03/01/46 (a) | 750,000 | 686,370 |
3.10%, 08/16/49 (a) | 500,000 | 391,765 |
4.33%, 03/19/50 (a) | 875,000 | 826,919 |
3.45%, 04/15/51 (a) | 850,000 | 699,031 |
Halliburton Co. | ||
3.50%, 08/01/23 (a) | 200,000 | 200,294 |
3.80%, 11/15/25 (a) | 159,000 | 157,677 |
2.92%, 03/01/30 (a) | 300,000 | 266,235 |
4.85%, 11/15/35 (a) | 300,000 | 288,564 |
6.70%, 09/15/38 | 250,000 | 275,590 |
7.45%, 09/15/39 | 300,000 | 353,490 |
4.50%, 11/15/41 (a) | 200,000 | 175,534 |
4.75%, 08/01/43 (a) | 200,000 | 178,916 |
5.00%, 11/15/45 (a) | 600,000 | 552,612 |
Helmerich and Payne, Inc. | ||
2.90%, 09/29/31 (a) | 200,000 | 171,556 |
Hess Corp. | ||
3.50%, 07/15/24 (a) | 100,000 | 98,512 |
4.30%, 04/01/27 (a) | 200,000 | 195,300 |
7.88%, 10/01/29 | 250,000 | 288,540 |
7.30%, 08/15/31 | 163,000 | 182,756 |
7.13%, 03/15/33 | 150,000 | 167,543 |
6.00%, 01/15/40 | 250,000 | 256,470 |
5.60%, 02/15/41 | 400,000 | 391,148 |
5.80%, 04/01/47 (a) | 150,000 | 150,581 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a)(c) | 260,000 | 262,902 |
4.50%, 10/01/30 (a)(c) | 125,000 | 113,916 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kinder Morgan Energy Partners LP | ||
3.50%, 09/01/23 (a) | 250,000 | 249,367 |
4.15%, 02/01/24 (a) | 200,000 | 200,124 |
4.30%, 05/01/24 (a) | 350,000 | 350,777 |
5.80%, 03/15/35 | 300,000 | 305,553 |
6.50%, 02/01/37 | 200,000 | 212,718 |
6.95%, 01/15/38 | 350,000 | 379,127 |
6.50%, 09/01/39 | 250,000 | 258,257 |
6.55%, 09/15/40 | 100,000 | 104,655 |
7.50%, 11/15/40 | 150,000 | 168,267 |
6.38%, 03/01/41 | 300,000 | 302,163 |
5.63%, 09/01/41 | 250,000 | 233,760 |
5.00%, 08/15/42 (a) | 300,000 | 263,796 |
4.70%, 11/01/42 (a) | 100,000 | 84,951 |
5.00%, 03/01/43 (a) | 300,000 | 263,529 |
5.50%, 03/01/44 (a) | 100,000 | 93,708 |
5.40%, 09/01/44 (a) | 350,000 | 323,036 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 750,000 | 748,035 |
4.30%, 03/01/28 (a) | 390,000 | 380,620 |
2.00%, 02/15/31 (a) | 350,000 | 280,161 |
7.80%, 08/01/31 | 200,000 | 233,042 |
7.75%, 01/15/32 | 250,000 | 291,837 |
5.55%, 06/01/45 (a) | 550,000 | 519,849 |
5.05%, 02/15/46 (a) | 150,000 | 134,462 |
5.20%, 03/01/48 (a) | 296,000 | 271,470 |
3.25%, 08/01/50 (a) | 250,000 | 174,600 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 250,000 | 221,875 |
5.15%, 10/15/43 (a) | 250,000 | 232,128 |
4.25%, 09/15/46 (a) | 150,000 | 127,236 |
4.20%, 10/03/47 (a) | 150,000 | 123,924 |
4.85%, 02/01/49 (a) | 99,000 | 89,245 |
3.95%, 03/01/50 (a) | 300,000 | 237,609 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 300,000 | 293,412 |
6.80%, 03/15/32 | 188,000 | 204,089 |
6.60%, 10/01/37 | 250,000 | 265,062 |
5.20%, 06/01/45 (a) | 175,000 | 161,229 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 250,000 | 247,905 |
4.70%, 05/01/25 (a) | 400,000 | 405,448 |
5.13%, 12/15/26 (a) | 200,000 | 205,324 |
3.80%, 04/01/28 (a) | 150,000 | 142,010 |
6.50%, 03/01/41 (a) | 400,000 | 436,976 |
4.75%, 09/15/44 (a) | 250,000 | 221,118 |
4.50%, 04/01/48 (a) | 150,000 | 127,122 |
5.00%, 09/15/54 (a) | 150,000 | 133,722 |
MPLX LP | ||
4.50%, 07/15/23 (a) | 350,000 | 350,899 |
4.88%, 12/01/24 (a) | 375,000 | 378,022 |
4.00%, 02/15/25 (a) | 150,000 | 148,028 |
4.88%, 06/01/25 (a) | 350,000 | 352,135 |
1.75%, 03/01/26 (a) | 450,000 | 406,120 |
4.13%, 03/01/27 (a) | 450,000 | 435,735 |
4.25%, 12/01/27 (a) | 246,000 | 237,442 |
4.00%, 03/15/28 (a) | 175,000 | 166,196 |
4.80%, 02/15/29 (a) | 250,000 | 246,562 |
2.65%, 08/15/30 (a) | 500,000 | 417,640 |
4.50%, 04/15/38 (a) | 500,000 | 438,485 |
5.20%, 03/01/47 (a) | 300,000 | 272,433 |
5.20%, 12/01/47 (a) | 200,000 | 180,750 |
4.70%, 04/15/48 (a) | 500,000 | 421,755 |
5.50%, 02/15/49 (a) | 425,000 | 396,682 |
4.95%, 03/14/52 (a) | 400,000 | 347,276 |
4.90%, 04/15/58 (a) | 200,000 | 167,432 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 150,000 | 151,889 |
5.50%, 01/15/26 (a) | 150,000 | 150,660 |
3.95%, 09/15/27 (a) | 150,000 | 140,391 |
4.75%, 09/01/28 (a) | 200,000 | 196,542 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 250,000 | 244,855 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 200,000 | 179,796 |
3.95%, 12/01/42 (a) | 350,000 | 259,847 |
ONEOK Partners LP | ||
5.00%, 09/15/23 (a) | 150,000 | 151,632 |
4.90%, 03/15/25 (a) | 200,000 | 201,926 |
6.65%, 10/01/36 | 250,000 | 256,105 |
6.85%, 10/15/37 | 250,000 | 257,592 |
6.13%, 02/01/41 (a) | 50,000 | 47,952 |
6.20%, 09/15/43 (a) | 150,000 | 142,073 |
ONEOK, Inc. | ||
7.50%, 09/01/23 (a) | 200,000 | 206,858 |
2.75%, 09/01/24 (a) | 150,000 | 145,328 |
2.20%, 09/15/25 (a) | 150,000 | 140,003 |
5.85%, 01/15/26 (a) | 200,000 | 207,464 |
4.55%, 07/15/28 (a) | 275,000 | 266,208 |
4.35%, 03/15/29 (a) | 250,000 | 235,735 |
3.40%, 09/01/29 (a) | 250,000 | 221,090 |
3.10%, 03/15/30 (a) | 200,000 | 172,022 |
6.35%, 01/15/31 (a) | 200,000 | 209,668 |
6.00%, 06/15/35 | 100,000 | 98,637 |
4.95%, 07/13/47 (a) | 225,000 | 192,364 |
5.20%, 07/15/48 (a) | 300,000 | 266,460 |
4.45%, 09/01/49 (a) | 250,000 | 202,085 |
4.50%, 03/15/50 (a) | 50,000 | 40,061 |
7.15%, 01/15/51 (a) | 100,000 | 106,939 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 300,000 | 303,984 |
Ovintiv, Inc. | ||
7.20%, 11/01/31 | 100,000 | 109,230 |
7.38%, 11/01/31 | 200,000 | 220,918 |
6.50%, 08/15/34 | 100,000 | 104,387 |
6.63%, 08/15/37 | 100,000 | 105,050 |
6.50%, 02/01/38 | 200,000 | 208,170 |
Phillips 66 | ||
3.85%, 04/09/25 (a) | 200,000 | 199,148 |
1.30%, 02/15/26 (a) | 200,000 | 180,354 |
3.90%, 03/15/28 (a) | 300,000 | 291,753 |
2.15%, 12/15/30 (a) | 300,000 | 245,121 |
4.65%, 11/15/34 (a) | 350,000 | 340,448 |
5.88%, 05/01/42 | 400,000 | 434,636 |
4.88%, 11/15/44 (a) | 525,000 | 510,300 |
3.30%, 03/15/52 (a) | 325,000 | 243,028 |
Phillips 66 Partners LP | ||
2.45%, 12/15/24 (a)(c) | 100,000 | 95,840 |
3.61%, 02/15/25 (a)(c) | 200,000 | 197,916 |
3.75%, 03/01/28 (a) | 175,000 | 166,705 |
3.15%, 12/15/29 (a)(c) | 300,000 | 270,087 |
4.68%, 02/15/45 (a)(c) | 100,000 | 92,479 |
4.90%, 10/01/46 (a)(c) | 175,000 | 167,339 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 300,000 | 268,455 |
1.90%, 08/15/30 (a) | 400,000 | 326,868 |
2.15%, 01/15/31 (a) | 350,000 | 288,645 |
Plains All American Pipeline LP | ||
6.65%, 01/15/37 | 250,000 | 250,590 |
4.30%, 01/31/43 (a) | 150,000 | 113,616 |
4.90%, 02/15/45 (a) | 200,000 | 162,066 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.85%, 10/15/23 (a) | 200,000 | 199,242 |
4.65%, 10/15/25 (a) | 600,000 | 596,184 |
4.50%, 12/15/26 (a) | 260,000 | 255,640 |
3.55%, 12/15/29 (a) | 150,000 | 132,626 |
3.80%, 09/15/30 (a) | 250,000 | 221,575 |
5.15%, 06/01/42 (a) | 150,000 | 125,898 |
4.70%, 06/15/44 (a) | 100,000 | 79,719 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 750,000 | 766,792 |
5.88%, 06/30/26 (a) | 500,000 | 516,670 |
5.00%, 03/15/27 (a) | 400,000 | 402,088 |
4.20%, 03/15/28 (a) | 450,000 | 433,111 |
4.50%, 05/15/30 (a) | 525,000 | 505,139 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 200,000 | 186,326 |
Schlumberger Investment S.A. | ||
3.65%, 12/01/23 (a) | 450,000 | 452,043 |
2.65%, 06/26/30 (a) | 400,000 | 352,064 |
Shell International Finance BV | ||
3.50%, 11/13/23 (a) | 300,000 | 302,037 |
2.00%, 11/07/24 (a) | 300,000 | 291,708 |
3.25%, 05/11/25 | 1,050,000 | 1,040,098 |
2.88%, 05/10/26 | 500,000 | 484,165 |
2.50%, 09/12/26 | 400,000 | 380,380 |
3.88%, 11/13/28 (a) | 600,000 | 592,380 |
2.38%, 11/07/29 (a) | 475,000 | 420,090 |
2.75%, 04/06/30 (a) | 700,000 | 632,604 |
4.13%, 05/11/35 | 500,000 | 478,395 |
6.38%, 12/15/38 | 1,150,000 | 1,342,268 |
3.63%, 08/21/42 | 150,000 | 127,869 |
4.55%, 08/12/43 | 825,000 | 785,738 |
4.38%, 05/11/45 | 250,000 | 232,815 |
4.00%, 05/10/46 | 725,000 | 643,017 |
3.75%, 09/12/46 | 400,000 | 341,012 |
3.13%, 11/07/49 (a) | 500,000 | 385,775 |
3.25%, 04/06/50 (a) | 750,000 | 593,767 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 300,000 | 302,745 |
3.50%, 03/15/25 (a) | 200,000 | 196,152 |
5.95%, 09/25/43 (a) | 250,000 | 262,462 |
4.50%, 03/15/45 (a) | 100,000 | 87,366 |
Suncor Energy, Inc. | ||
5.35%, 07/15/33 | 200,000 | 200,750 |
5.95%, 12/01/34 | 250,000 | 262,272 |
5.95%, 05/15/35 | 200,000 | 209,568 |
6.80%, 05/15/38 | 350,000 | 394,607 |
6.50%, 06/15/38 | 425,000 | 468,227 |
6.85%, 06/01/39 | 150,000 | 171,462 |
4.00%, 11/15/47 (a) | 150,000 | 128,351 |
3.75%, 03/04/51 (a) | 200,000 | 162,974 |
Sunoco Logistics Partners Operations LP | ||
4.25%, 04/01/24 (a) | 100,000 | 99,782 |
5.95%, 12/01/25 (a) | 125,000 | 129,646 |
4.00%, 10/01/27 (a) | 300,000 | 283,971 |
6.10%, 02/15/42 | 100,000 | 96,238 |
4.95%, 01/15/43 (a) | 150,000 | 125,649 |
5.30%, 04/01/44 (a) | 250,000 | 217,770 |
5.35%, 05/15/45 (a) | 250,000 | 219,875 |
5.40%, 10/01/47 (a) | 400,000 | 352,332 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a)(g) | 225,000 | 226,193 |
4.20%, 02/01/33 (a) | 200,000 | 181,358 |
4.95%, 04/15/52 (a) | 200,000 | 172,430 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 350,000 | 358,123 |
5.50%, 03/01/30 (a) | 200,000 | 190,584 |
4.88%, 02/01/31 (a) | 350,000 | 319,658 |
4.00%, 01/15/32 (a) | 500,000 | 429,190 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 200,000 | 201,144 |
3.90%, 05/25/27 (a) | 100,000 | 98,295 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 100,000 | 107,625 |
TotalEnergies Capital Canada Ltd. | ||
2.75%, 07/15/23 | 350,000 | 347,543 |
TotalEnergies Capital International S.A. | ||
3.70%, 01/15/24 | 200,000 | 200,620 |
3.75%, 04/10/24 | 400,000 | 401,440 |
2.43%, 01/10/25 (a) | 350,000 | 340,413 |
3.46%, 02/19/29 (a) | 356,000 | 339,724 |
2.83%, 01/10/30 (a) | 375,000 | 340,294 |
2.99%, 06/29/41 (a) | 275,000 | 217,852 |
3.46%, 07/12/49 (a) | 300,000 | 242,985 |
3.13%, 05/29/50 (a) | 750,000 | 574,770 |
3.39%, 06/29/60 (a) | 300,000 | 230,712 |
TotalEnergies Capital S.A. | ||
3.88%, 10/11/28 | 275,000 | 271,419 |
TransCanada PipeLines Ltd. | ||
3.75%, 10/16/23 (a) | 300,000 | 300,348 |
1.00%, 10/12/24 (a) | 150,000 | 140,205 |
4.88%, 01/15/26 (a) | 350,000 | 355,754 |
4.25%, 05/15/28 (a) | 450,000 | 438,309 |
4.10%, 04/15/30 (a) | 150,000 | 143,499 |
2.50%, 10/12/31 (a) | 150,000 | 124,862 |
4.63%, 03/01/34 (a) | 400,000 | 384,416 |
6.20%, 10/15/37 | 250,000 | 272,512 |
4.75%, 05/15/38 (a) | 200,000 | 190,990 |
7.25%, 08/15/38 | 100,000 | 119,220 |
7.63%, 01/15/39 | 500,000 | 620,955 |
6.10%, 06/01/40 | 250,000 | 271,385 |
5.00%, 10/16/43 (a) | 350,000 | 335,366 |
4.88%, 05/15/48 (a) | 350,000 | 336,833 |
5.10%, 03/15/49 (a) | 400,000 | 397,560 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 276,150 |
4.00%, 03/15/28 (a) | 150,000 | 145,898 |
3.25%, 05/15/30 (a) | 250,000 | 224,800 |
5.40%, 08/15/41 (a) | 150,000 | 149,753 |
4.45%, 08/01/42 (a) | 100,000 | 90,122 |
4.60%, 03/15/48 (a) | 200,000 | 183,124 |
Valero Energy Corp. | ||
2.85%, 04/15/25 (a) | 74,000 | 71,582 |
3.40%, 09/15/26 (a) | 250,000 | 241,193 |
2.15%, 09/15/27 (a) | 200,000 | 178,514 |
4.35%, 06/01/28 (a) | 250,000 | 243,612 |
4.00%, 04/01/29 (a) | 450,000 | 425,565 |
7.50%, 04/15/32 | 150,000 | 173,822 |
6.63%, 06/15/37 | 450,000 | 489,996 |
4.90%, 03/15/45 | 250,000 | 229,773 |
3.65%, 12/01/51 (a) | 300,000 | 225,618 |
4.00%, 06/01/52 (a) | 150,000 | 119,616 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 200,000 | 197,538 |
Western Union Co. | ||
3.50%, 10/15/51 (a) | 250,000 | 186,623 |
Williams Cos., Inc. | ||
4.50%, 11/15/23 (a) | 250,000 | 251,822 |
4.30%, 03/04/24 (a) | 250,000 | 251,192 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.55%, 06/24/24 (a) | 450,000 | 454,329 |
3.90%, 01/15/25 (a) | 237,000 | 234,426 |
4.00%, 09/15/25 (a) | 250,000 | 246,707 |
3.75%, 06/15/27 (a) | 500,000 | 478,615 |
3.50%, 11/15/30 (a) | 350,000 | 315,934 |
8.75%, 03/15/32 | 250,000 | 317,142 |
6.30%, 04/15/40 | 400,000 | 426,204 |
5.80%, 11/15/43 (a) | 200,000 | 200,238 |
5.75%, 06/24/44 (a) | 200,000 | 201,228 |
4.90%, 01/15/45 (a) | 225,000 | 202,487 |
5.10%, 09/15/45 (a) | 350,000 | 327,299 |
4.85%, 03/01/48 (a) | 300,000 | 272,472 |
127,040,525 | ||
Industrial Other 0.1% | ||
Boston University | ||
4.06%, 10/01/48 (a) | 180,000 | 170,174 |
California Institute of Technology | ||
4.32%, 08/01/45 | 50,000 | 50,160 |
4.70%, 11/01/11 | 200,000 | 194,862 |
3.65%, 09/01/19 (a) | 200,000 | 150,328 |
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 300,000 | 296,565 |
Duke University | ||
2.68%, 10/01/44 | 200,000 | 154,988 |
2.76%, 10/01/50 | 100,000 | 74,977 |
2.83%, 10/01/55 | 200,000 | 153,270 |
Emory University | ||
2.14%, 09/01/30 (a) | 200,000 | 175,328 |
2.97%, 09/01/50 (a) | 225,000 | 179,311 |
George Washington University | ||
4.30%, 09/15/44 | 125,000 | 117,024 |
4.87%, 09/15/45 | 150,000 | 152,662 |
4.13%, 09/15/48 (a) | 285,000 | 261,801 |
Georgetown University | ||
4.32%, 04/01/49 (a) | 76,000 | 69,814 |
2.94%, 04/01/50 | 175,000 | 124,729 |
5.22%, 10/01/18 (a) | 100,000 | 95,821 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 125,000 | 120,346 |
2.81%, 01/01/60 (a) | 350,000 | 254,159 |
Leland Stanford Junior University | ||
3.65%, 05/01/48 (a) | 200,000 | 186,580 |
2.41%, 06/01/50 (a) | 250,000 | 180,295 |
Massachusetts Institute of Technology | ||
3.96%, 07/01/38 | 50,000 | 49,155 |
2.99%, 07/01/50 (a) | 200,000 | 163,882 |
2.29%, 07/01/51 (a) | 150,000 | 104,447 |
5.60%, 07/01/11 | 240,000 | 286,915 |
4.68%, 07/01/14 | 200,000 | 201,340 |
3.89%, 07/01/16 | 150,000 | 126,765 |
Northeastern University | ||
2.89%, 10/01/50 | 100,000 | 74,201 |
Northwestern University | ||
4.64%, 12/01/44 | 200,000 | 206,860 |
2.64%, 12/01/50 (a) | 150,000 | 109,323 |
3.66%, 12/01/57 (a) | 100,000 | 87,256 |
President and Fellows of Harvard College | ||
4.88%, 10/15/40 | 50,000 | 54,002 |
3.15%, 07/15/46 (a) | 207,000 | 177,983 |
2.52%, 10/15/50 (a) | 200,000 | 147,660 |
3.75%, 11/15/52 (a) | 150,000 | 142,143 |
3.30%, 07/15/56 (a) | 200,000 | 171,644 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 200,000 | 164,756 |
2.35%, 01/15/32 (a) | 200,000 | 154,858 |
3.05%, 10/01/41 (a) | 200,000 | 138,876 |
The American University | ||
3.67%, 04/01/49 | 200,000 | 172,808 |
Trustees of Boston College | ||
3.13%, 07/01/52 | 150,000 | 115,282 |
Trustees of Princeton University | ||
5.70%, 03/01/39 | 225,000 | 264,465 |
2.52%, 07/01/50 (a) | 200,000 | 149,988 |
Trustees of the University of Pennsylvania | ||
2.40%, 10/01/50 (a) | 200,000 | 143,852 |
4.67%, 09/01/12 | 100,000 | 98,540 |
3.61%, 02/15/19 (a) | 125,000 | 95,564 |
University of Chicago | ||
2.76%, 04/01/45 (a) | 150,000 | 122,832 |
2.55%, 04/01/50 (a) | 150,000 | 111,359 |
4.00%, 10/01/53 (a) | 100,000 | 96,547 |
University of Notre Dame du Lac | ||
3.44%, 02/15/45 | 150,000 | 134,220 |
3.39%, 02/15/48 (a) | 149,000 | 132,139 |
University of Southern California | ||
3.03%, 10/01/39 | 400,000 | 340,668 |
3.84%, 10/01/47 (a) | 200,000 | 185,720 |
5.25%, 10/01/11 | 100,000 | 104,382 |
3.23%, 10/01/20 (a) | 125,000 | 82,645 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 150,000 | 133,198 |
3.77%, 05/15/55 | 100,000 | 92,763 |
Yale University | ||
0.87%, 04/15/25 (a) | 125,000 | 117,501 |
1.48%, 04/15/30 (a) | 300,000 | 254,505 |
2.40%, 04/15/50 (a) | 200,000 | 144,222 |
8,818,460 | ||
Technology 2.4% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 150,000 | 144,591 |
3.25%, 02/01/25 (a) | 330,000 | 328,786 |
2.15%, 02/01/27 (a) | 275,000 | 257,444 |
2.30%, 02/01/30 (a) | 400,000 | 354,084 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 250,000 | 251,475 |
0.45%, 08/15/25 (a) | 350,000 | 322,371 |
2.00%, 08/15/26 (a) | 500,000 | 474,140 |
0.80%, 08/15/27 (a) | 250,000 | 217,268 |
1.10%, 08/15/30 (a) | 750,000 | 615,945 |
1.90%, 08/15/40 (a) | 450,000 | 322,555 |
2.05%, 08/15/50 (a) | 800,000 | 538,552 |
2.25%, 08/15/60 (a) | 650,000 | 423,910 |
Altera Corp. | ||
4.10%, 11/15/23 | 250,000 | 252,763 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 250,000 | 212,435 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 250,000 | 245,213 |
3.50%, 12/05/26 (a) | 200,000 | 197,782 |
1.70%, 10/01/28 (a) | 200,000 | 175,760 |
2.10%, 10/01/31 (a) | 350,000 | 298,792 |
2.80%, 10/01/41 (a) | 300,000 | 235,944 |
2.95%, 10/01/51 (a) | 250,000 | 192,010 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Apple Inc. | ||
3.00%, 02/09/24 (a) | 550,000 | 549,147 |
3.45%, 05/06/24 | 800,000 | 804,152 |
2.85%, 05/11/24 (a) | 450,000 | 447,466 |
1.80%, 09/11/24 (a) | 250,000 | 242,395 |
2.75%, 01/13/25 (a) | 500,000 | 494,620 |
2.50%, 02/09/25 | 500,000 | 490,800 |
1.13%, 05/11/25 (a) | 700,000 | 658,602 |
3.20%, 05/13/25 | 600,000 | 600,144 |
0.55%, 08/20/25 (a) | 400,000 | 367,492 |
0.70%, 02/08/26 (a) | 800,000 | 729,080 |
3.25%, 02/23/26 (a) | 850,000 | 844,016 |
2.45%, 08/04/26 (a) | 600,000 | 576,084 |
2.05%, 09/11/26 (a) | 650,000 | 612,891 |
3.35%, 02/09/27 (a) | 725,000 | 720,563 |
3.20%, 05/11/27 (a) | 550,000 | 542,201 |
3.00%, 06/20/27 (a) | 350,000 | 342,534 |
2.90%, 09/12/27 (a) | 550,000 | 531,041 |
3.00%, 11/13/27 (a) | 500,000 | 485,180 |
1.20%, 02/08/28 (a) | 750,000 | 656,722 |
1.40%, 08/05/28 (a) | 650,000 | 570,089 |
2.20%, 09/11/29 (a) | 550,000 | 495,374 |
1.65%, 05/11/30 (a) | 550,000 | 468,446 |
1.25%, 08/20/30 (a) | 400,000 | 328,884 |
1.65%, 02/08/31 (a) | 900,000 | 756,810 |
1.70%, 08/05/31 (a) | 350,000 | 293,622 |
4.50%, 02/23/36 (a) | 300,000 | 312,774 |
2.38%, 02/08/41 (a) | 650,000 | 498,160 |
3.85%, 05/04/43 | 1,000,000 | 922,810 |
4.45%, 05/06/44 | 230,000 | 230,009 |
3.45%, 02/09/45 | 850,000 | 742,322 |
4.38%, 05/13/45 | 700,000 | 693,833 |
4.65%, 02/23/46 (a) | 850,000 | 879,452 |
3.85%, 08/04/46 (a) | 288,000 | 264,324 |
4.25%, 02/09/47 (a) | 400,000 | 393,912 |
3.75%, 09/12/47 (a) | 350,000 | 317,362 |
3.75%, 11/13/47 (a) | 419,000 | 377,636 |
2.95%, 09/11/49 (a) | 650,000 | 511,946 |
2.65%, 05/11/50 (a) | 700,000 | 518,553 |
2.40%, 08/20/50 (a) | 600,000 | 423,804 |
2.65%, 02/08/51 (a) | 350,000 | 259,452 |
2.70%, 08/05/51 (a) | 500,000 | 374,850 |
2.55%, 08/20/60 (a) | 750,000 | 516,532 |
2.80%, 02/08/61 (a) | 450,000 | 323,428 |
2.85%, 08/05/61 (a) | 450,000 | 327,604 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 250,000 | 252,740 |
3.30%, 04/01/27 (a) | 400,000 | 391,572 |
1.75%, 06/01/30 (a) | 250,000 | 210,725 |
5.10%, 10/01/35 (a) | 100,000 | 105,302 |
5.85%, 06/15/41 | 300,000 | 342,639 |
4.35%, 04/01/47 (a) | 100,000 | 97,099 |
2.75%, 06/01/50 (a) | 325,000 | 243,344 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 300,000 | 293,682 |
4.00%, 04/01/25 (a) | 50,000 | 49,542 |
3.88%, 01/12/28 (a) | 225,000 | 214,542 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 500,000 | 505,660 |
2.85%, 01/15/30 (a) | 50,000 | 43,668 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 250,000 | 250,200 |
1.70%, 05/15/28 (a) | 350,000 | 315,357 |
1.25%, 09/01/30 (a) | 350,000 | 286,167 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 250,000 | 251,450 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Baidu, Inc. | ||
3.88%, 09/29/23 (a) | 300,000 | 301,251 |
4.38%, 05/14/24 (a) | 250,000 | 251,960 |
3.08%, 04/07/25 (a) | 200,000 | 194,486 |
4.13%, 06/30/25 | 200,000 | 199,856 |
1.72%, 04/09/26 (a) | 200,000 | 182,906 |
3.63%, 07/06/27 | 200,000 | 193,020 |
4.38%, 03/29/28 (a) | 200,000 | 197,510 |
4.88%, 11/14/28 (a) | 200,000 | 202,698 |
2.38%, 10/09/30 (a) | 200,000 | 169,072 |
2.38%, 08/23/31 (a) | 200,000 | 166,934 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.63%, 01/15/24 (a) | 300,000 | 299,856 |
3.13%, 01/15/25 (a) | 100,000 | 97,716 |
3.88%, 01/15/27 (a) | 1,000,000 | 964,740 |
3.50%, 01/15/28 (a) | 250,000 | 231,650 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 200,000 | 198,106 |
3.15%, 11/15/25 (a) | 350,000 | 337,456 |
3.46%, 09/15/26 (a) | 204,000 | 195,964 |
1.95%, 02/15/28 (a)(c) | 300,000 | 255,687 |
4.11%, 09/15/28 (a) | 400,000 | 380,012 |
4.75%, 04/15/29 (a) | 300,000 | 292,098 |
5.00%, 04/15/30 (a) | 150,000 | 147,729 |
4.15%, 11/15/30 (a) | 743,000 | 681,569 |
2.45%, 02/15/31 (a)(c) | 900,000 | 723,906 |
4.30%, 11/15/32 (a) | 750,000 | 683,220 |
2.60%, 02/15/33 (a)(c) | 600,000 | 463,830 |
3.42%, 04/15/33 (a)(c) | 600,000 | 496,596 |
3.47%, 04/15/34 (a)(c) | 850,000 | 692,325 |
3.14%, 11/15/35 (a)(c) | 1,131,000 | 864,378 |
3.19%, 11/15/36 (a)(c) | 707,000 | 537,681 |
4.93%, 05/15/37 (a)(c) | 855,000 | 768,705 |
3.50%, 02/15/41 (a)(c) | 1,000,000 | 756,280 |
3.75%, 02/15/51 (a)(c) | 550,000 | 407,929 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 200,000 | 193,552 |
2.90%, 12/01/29 (a) | 250,000 | 219,420 |
2.60%, 05/01/31 (a) | 250,000 | 208,990 |
Cadence Design Systems, Inc. | ||
4.38%, 10/15/24 (a) | 150,000 | 151,769 |
CDW LLC | ||
4.25%, 04/01/28 (a) | 250,000 | 227,095 |
3.25%, 02/15/29 (a) | 200,000 | 168,652 |
CDW LLC/CDW Finance Corp. | ||
5.50%, 12/01/24 (a) | 175,000 | 175,935 |
4.13%, 05/01/25 (a) | 200,000 | 194,716 |
2.67%, 12/01/26 (a) | 375,000 | 335,452 |
3.28%, 12/01/28 (a) | 150,000 | 129,624 |
3.57%, 12/01/31 (a) | 250,000 | 207,075 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 200,000 | 176,670 |
Cisco Systems, Inc. | ||
2.20%, 09/20/23 (a) | 270,000 | 267,697 |
3.63%, 03/04/24 | 225,000 | 226,899 |
3.50%, 06/15/25 | 250,000 | 252,015 |
2.95%, 02/28/26 | 150,000 | 147,707 |
2.50%, 09/20/26 (a) | 450,000 | 432,711 |
5.90%, 02/15/39 | 500,000 | 569,910 |
5.50%, 01/15/40 | 800,000 | 877,344 |
Citrix Systems, Inc. | ||
1.25%, 03/01/26 (a) | 200,000 | 193,438 |
4.50%, 12/01/27 (a) | 250,000 | 247,658 |
3.30%, 03/01/30 (a) | 300,000 | 293,523 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Corning, Inc. | ||
5.75%, 08/15/40 | 200,000 | 210,948 |
4.75%, 03/15/42 | 50,000 | 47,182 |
5.35%, 11/15/48 (a) | 150,000 | 148,718 |
3.90%, 11/15/49 (a) | 150,000 | 120,518 |
4.38%, 11/15/57 (a) | 300,000 | 249,024 |
5.85%, 11/15/68 (a) | 100,000 | 99,273 |
5.45%, 11/15/79 (a) | 350,000 | 316,701 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 250,000 | 249,395 |
5.85%, 07/15/25 (a) | 200,000 | 206,572 |
6.02%, 06/15/26 (a) | 1,400,000 | 1,452,528 |
4.90%, 10/01/26 (a) | 500,000 | 500,795 |
6.10%, 07/15/27 (a) | 200,000 | 209,804 |
5.30%, 10/01/29 (a) | 550,000 | 542,778 |
6.20%, 07/15/30 (a) | 350,000 | 364,385 |
8.10%, 07/15/36 (a) | 301,000 | 353,437 |
3.38%, 12/15/41 (a)(c) | 250,000 | 179,065 |
8.35%, 07/15/46 (a) | 331,000 | 412,727 |
3.45%, 12/15/51 (a)(c) | 400,000 | 271,148 |
Dell, Inc. | ||
7.10%, 04/15/28 | 50,000 | 54,556 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 250,000 | 221,900 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 300,000 | 289,659 |
2.60%, 12/15/25 (a) | 150,000 | 141,528 |
3.10%, 05/15/30 (a) | 200,000 | 175,878 |
2.35%, 09/15/31 (a) | 250,000 | 199,785 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 400,000 | 384,252 |
1.00%, 09/15/25 (a) | 250,000 | 224,413 |
1.45%, 05/15/26 (a) | 350,000 | 311,640 |
2.90%, 11/18/26 (a) | 100,000 | 92,943 |
1.55%, 03/15/28 (a) | 250,000 | 210,518 |
3.20%, 11/18/29 (a) | 400,000 | 356,160 |
2.15%, 07/15/30 (a) | 400,000 | 325,120 |
2.50%, 05/15/31 (a) | 350,000 | 283,910 |
3.90%, 04/15/32 (a) | 350,000 | 316,711 |
3.00%, 07/15/50 (a) | 225,000 | 154,420 |
2.95%, 09/15/51 (a) | 200,000 | 135,282 |
3.40%, 02/15/52 (a) | 100,000 | 74,528 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 100,000 | 87,870 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 300,000 | 284,115 |
1.15%, 03/01/26 (a) | 350,000 | 310,650 |
1.65%, 03/01/28 (a) | 250,000 | 213,858 |
3.75%, 05/21/29 (a) | 50,000 | 46,793 |
2.25%, 03/01/31 (a) | 450,000 | 366,412 |
3.10%, 03/01/41 (a) | 250,000 | 183,303 |
4.50%, 08/15/46 (a) | 100,000 | 89,143 |
Fiserv, Inc. | ||
3.80%, 10/01/23 (a) | 350,000 | 350,917 |
2.75%, 07/01/24 (a) | 600,000 | 585,816 |
3.85%, 06/01/25 (a) | 250,000 | 247,698 |
3.20%, 07/01/26 (a) | 650,000 | 617,662 |
2.25%, 06/01/27 (a) | 200,000 | 179,184 |
4.20%, 10/01/28 (a) | 300,000 | 290,199 |
3.50%, 07/01/29 (a) | 950,000 | 866,808 |
2.65%, 06/01/30 (a) | 200,000 | 169,374 |
4.40%, 07/01/49 (a) | 700,000 | 604,114 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 200,000 | 201,306 |
3.75%, 02/01/26 (a) | 200,000 | 191,448 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.88%, 06/15/29 (a) | 200,000 | 193,310 |
4.88%, 05/12/30 (a) | 250,000 | 238,738 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 200,000 | 176,506 |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24 (a) | 250,000 | 245,998 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 200,000 | 187,682 |
2.65%, 02/15/25 (a) | 200,000 | 190,852 |
1.20%, 03/01/26 (a) | 600,000 | 529,608 |
4.45%, 06/01/28 (a) | 150,000 | 144,444 |
3.20%, 08/15/29 (a) | 400,000 | 349,972 |
2.90%, 05/15/30 (a) | 375,000 | 316,305 |
2.90%, 11/15/31 (a) | 250,000 | 205,003 |
4.15%, 08/15/49 (a) | 300,000 | 234,741 |
Hewlett Packard Enterprise Co. | ||
1.45%, 04/01/24 (a) | 400,000 | 385,320 |
4.90%, 10/15/25 (a) | 900,000 | 916,533 |
1.75%, 04/01/26 (a) | 350,000 | 320,211 |
6.20%, 10/15/35 (a) | 250,000 | 265,885 |
6.35%, 10/15/45 (a) | 450,000 | 453,568 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 500,000 | 472,645 |
1.45%, 06/17/26 (a) | 200,000 | 177,250 |
3.00%, 06/17/27 (a) | 350,000 | 323,680 |
4.00%, 04/15/29 (a) | 300,000 | 281,178 |
3.40%, 06/17/30 (a) | 300,000 | 261,933 |
2.65%, 06/17/31 (a) | 250,000 | 201,010 |
4.20%, 04/15/32 (a) | 300,000 | 267,957 |
5.50%, 01/15/33 (a) | 350,000 | 341,943 |
6.00%, 09/15/41 | 450,000 | 455,890 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 200,000 | 199,466 |
3.40%, 03/25/25 (a) | 600,000 | 598,932 |
3.70%, 07/29/25 (a) | 650,000 | 653,620 |
2.60%, 05/19/26 (a) | 250,000 | 242,165 |
3.75%, 03/25/27 (a) | 250,000 | 251,265 |
3.15%, 05/11/27 (a) | 400,000 | 391,400 |
2.45%, 11/15/29 (a) | 700,000 | 625,086 |
3.90%, 03/25/30 (a) | 600,000 | 589,272 |
2.00%, 08/12/31 (a)(e) | 500,000 | 419,350 |
4.00%, 12/15/32 | 100,000 | 98,509 |
4.60%, 03/25/40 (a) | 250,000 | 244,713 |
2.80%, 08/12/41 (a) | 300,000 | 228,924 |
4.80%, 10/01/41 | 300,000 | 301,989 |
4.25%, 12/15/42 | 150,000 | 139,680 |
4.90%, 07/29/45 (a) | 200,000 | 199,746 |
4.10%, 05/19/46 (a) | 250,000 | 228,265 |
4.10%, 05/11/47 (a) | 325,000 | 296,537 |
3.73%, 12/08/47 (a) | 600,000 | 509,586 |
3.25%, 11/15/49 (a) | 650,000 | 508,917 |
4.75%, 03/25/50 (a) | 700,000 | 690,277 |
3.05%, 08/12/51 (a) | 350,000 | 261,387 |
3.10%, 02/15/60 (a) | 350,000 | 251,524 |
4.95%, 03/25/60 (a) | 350,000 | 356,555 |
3.20%, 08/12/61 (a) | 250,000 | 183,115 |
International Business Machines Corp. | ||
3.38%, 08/01/23 | 300,000 | 300,711 |
3.63%, 02/12/24 | 800,000 | 802,672 |
3.00%, 05/15/24 | 750,000 | 744,292 |
7.00%, 10/30/25 | 150,000 | 164,844 |
3.45%, 02/19/26 | 700,000 | 691,474 |
3.30%, 05/15/26 | 800,000 | 781,664 |
3.30%, 01/27/27 | 350,000 | 340,315 |
2.20%, 02/09/27 (a) | 200,000 | 185,674 |
1.70%, 05/15/27 (a) | 100,000 | 90,040 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.50%, 05/15/29 | 1,050,000 | 994,980 |
1.95%, 05/15/30 (a) | 500,000 | 420,410 |
2.72%, 02/09/32 (a) | 150,000 | 130,290 |
5.88%, 11/29/32 | 300,000 | 330,030 |
4.15%, 05/15/39 | 750,000 | 676,702 |
2.85%, 05/15/40 (a) | 300,000 | 228,675 |
4.00%, 06/20/42 | 375,000 | 325,507 |
4.70%, 02/19/46 | 200,000 | 187,626 |
4.25%, 05/15/49 | 950,000 | 840,645 |
2.95%, 05/15/50 (a) | 300,000 | 217,143 |
3.43%, 02/09/52 (a) | 100,000 | 77,204 |
7.13%, 12/01/96 | 100,000 | 131,831 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 300,000 | 276,891 |
1.35%, 07/15/27 (a) | 350,000 | 306,884 |
1.65%, 07/15/30 (a) | 50,000 | 41,219 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 250,000 | 239,225 |
3.60%, 01/15/30 (a) | 100,000 | 89,271 |
3.00%, 01/15/31 (a) | 300,000 | 251,598 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 150,000 | 134,430 |
3.75%, 08/15/29 (a) | 250,000 | 229,640 |
2.00%, 12/10/30 (a) | 150,000 | 117,675 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 100,000 | 101,587 |
4.60%, 04/06/27 (a) | 250,000 | 251,528 |
3.00%, 10/30/29 (a) | 200,000 | 178,256 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 400,000 | 406,560 |
4.10%, 03/15/29 (a) | 174,000 | 172,707 |
4.65%, 07/15/32 (a) | 300,000 | 306,726 |
5.00%, 03/15/49 (a) | 150,000 | 151,956 |
3.30%, 03/01/50 (a) | 250,000 | 198,715 |
5.25%, 07/15/62 (a) | 250,000 | 257,395 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a)(c) | 250,000 | 211,748 |
3.15%, 10/15/31 (a)(c) | 250,000 | 184,160 |
4.10%, 10/15/41 (a)(c) | 200,000 | 132,734 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 150,000 | 150,171 |
3.75%, 03/15/26 (a) | 250,000 | 249,805 |
4.00%, 03/15/29 (a) | 300,000 | 295,329 |
1.90%, 06/15/30 (a) | 250,000 | 211,510 |
4.88%, 03/15/49 (a) | 245,000 | 250,804 |
2.88%, 06/15/50 (a) | 300,000 | 221,421 |
3.13%, 06/15/60 (a) | 100,000 | 72,500 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 200,000 | 196,158 |
4.38%, 05/15/30 (a) | 300,000 | 277,188 |
2.30%, 02/15/31 (a) | 250,000 | 198,730 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 250,000 | 224,358 |
2.45%, 04/15/28 (a) | 250,000 | 218,200 |
4.88%, 06/22/28 (a) | 164,000 | 162,091 |
2.95%, 04/15/31 (a) | 150,000 | 125,546 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 250,000 | 250,573 |
2.00%, 03/03/25 (a) | 300,000 | 289,554 |
2.95%, 11/21/26 (a) | 200,000 | 195,216 |
3.30%, 03/26/27 (a) | 300,000 | 295,257 |
2.95%, 06/01/29 (a) | 350,000 | 328,555 |
3.35%, 03/26/30 (a) | 500,000 | 477,465 |
1.90%, 03/15/31 (a) | 100,000 | 85,473 |
2.00%, 11/18/31 (a) | 250,000 | 211,600 |
3.80%, 11/21/46 (a) | 225,000 | 205,004 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 02/26/48 (a) | 100,000 | 92,701 |
3.65%, 06/01/49 (a) | 300,000 | 266,721 |
3.85%, 03/26/50 (a) | 550,000 | 505,070 |
2.95%, 03/15/51 (a) | 250,000 | 194,783 |
Maxim Integrated Products, Inc. | ||
3.45%, 06/15/27 (a) | 200,000 | 191,044 |
Microchip Technology, Inc. | ||
4.33%, 06/01/23 (a) | 550,000 | 550,258 |
0.97%, 02/15/24 | 400,000 | 380,260 |
4.25%, 09/01/25 (a) | 450,000 | 440,154 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 50,000 | 50,574 |
4.19%, 02/15/27 (a) | 300,000 | 293,487 |
5.33%, 02/06/29 (a) | 300,000 | 299,763 |
4.66%, 02/15/30 (a) | 350,000 | 336,395 |
2.70%, 04/15/32 (a) | 350,000 | 279,811 |
3.37%, 11/01/41 (a) | 200,000 | 145,692 |
Microsoft Corp. | ||
2.00%, 08/08/23 (a) | 500,000 | 495,090 |
3.63%, 12/15/23 (a) | 550,000 | 555,555 |
2.88%, 02/06/24 (a) | 567,000 | 566,484 |
2.70%, 02/12/25 (a) | 750,000 | 744,675 |
3.13%, 11/03/25 (a) | 1,000,000 | 999,560 |
2.40%, 08/08/26 (a) | 1,250,000 | 1,205,687 |
3.30%, 02/06/27 (a) | 925,000 | 923,011 |
3.50%, 02/12/35 (a) | 600,000 | 577,146 |
4.20%, 11/03/35 (a) | 400,000 | 412,508 |
3.45%, 08/08/36 (a) | 750,000 | 709,132 |
4.10%, 02/06/37 (a) | 400,000 | 407,520 |
3.50%, 11/15/42 | 50,000 | 44,993 |
3.75%, 02/12/45 (a) | 75,000 | 68,886 |
4.45%, 11/03/45 (a) | 200,000 | 206,106 |
3.70%, 08/08/46 (a) | 550,000 | 514,173 |
4.25%, 02/06/47 (a) | 300,000 | 301,782 |
2.53%, 06/01/50 (a) | 1,900,000 | 1,400,205 |
2.92%, 03/17/52 (a) | 1,944,000 | 1,536,810 |
4.00%, 02/12/55 (a) | 200,000 | 191,776 |
3.95%, 08/08/56 (a) | 150,000 | 142,329 |
4.50%, 02/06/57 (a) | 250,000 | 263,045 |
2.68%, 06/01/60 (a) | 1,260,000 | 906,935 |
3.04%, 03/17/62 (a) | 641,000 | 499,801 |
Moody's Corp. | ||
4.88%, 02/15/24 (a) | 100,000 | 101,939 |
3.75%, 03/24/25 (a) | 250,000 | 249,820 |
3.25%, 01/15/28 (a) | 100,000 | 94,688 |
4.25%, 02/01/29 (a) | 200,000 | 198,988 |
2.00%, 08/19/31 (a) | 200,000 | 163,484 |
2.75%, 08/19/41 (a) | 200,000 | 146,894 |
5.25%, 07/15/44 | 100,000 | 101,371 |
4.88%, 12/17/48 (a) | 150,000 | 148,143 |
3.25%, 05/20/50 (a) | 50,000 | 37,235 |
2.55%, 08/18/60 (a) | 250,000 | 155,595 |
3.10%, 11/29/61 (a) | 150,000 | 103,820 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 200,000 | 195,344 |
4.60%, 05/23/29 (a) | 250,000 | 238,883 |
2.30%, 11/15/30 (a) | 300,000 | 234,918 |
2.75%, 05/24/31 (a) | 350,000 | 283,833 |
5.60%, 06/01/32 (a) | 200,000 | 201,724 |
5.50%, 09/01/44 | 150,000 | 140,198 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 150,000 | 147,617 |
1.88%, 06/22/25 (a) | 250,000 | 233,270 |
2.38%, 06/22/27 (a) | 175,000 | 158,960 |
2.70%, 06/22/30 (a) | 250,000 | 211,095 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 250,000 | 237,295 |
3.20%, 09/16/26 (a) | 400,000 | 397,000 |
2.85%, 04/01/30 (a) | 500,000 | 458,080 |
2.00%, 06/15/31 (a) | 450,000 | 382,662 |
3.50%, 04/01/40 (a) | 350,000 | 306,838 |
3.50%, 04/01/50 (a) | 650,000 | 553,156 |
3.70%, 04/01/60 (a) | 200,000 | 168,934 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a) | 250,000 | 252,683 |
5.35%, 03/01/26 (a) | 200,000 | 204,466 |
5.55%, 12/01/28 (a) | 250,000 | 255,003 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 200,000 | 190,748 |
3.88%, 06/18/26 (a) | 250,000 | 241,210 |
3.15%, 05/01/27 (a) | 300,000 | 280,533 |
4.30%, 06/18/29 (a) | 350,000 | 336,913 |
3.40%, 05/01/30 (a) | 450,000 | 401,391 |
2.65%, 02/15/32 (a) | 300,000 | 246,789 |
3.25%, 05/11/41 (a) | 250,000 | 191,923 |
3.25%, 11/30/51 (a) | 350,000 | 246,033 |
Oracle Corp. | ||
3.63%, 07/15/23 | 200,000 | 199,846 |
2.40%, 09/15/23 (a) | 850,000 | 837,250 |
3.40%, 07/08/24 (a) | 650,000 | 641,764 |
2.95%, 11/15/24 (a) | 570,000 | 553,550 |
2.50%, 04/01/25 (a) | 1,100,000 | 1,045,308 |
2.95%, 05/15/25 (a) | 500,000 | 479,575 |
1.65%, 03/25/26 (a) | 900,000 | 806,526 |
2.65%, 07/15/26 (a) | 756,000 | 697,629 |
2.80%, 04/01/27 (a) | 750,000 | 685,297 |
3.25%, 11/15/27 (a) | 1,000,000 | 922,180 |
2.30%, 03/25/28 (a) | 650,000 | 559,975 |
2.95%, 04/01/30 (a) | 1,050,000 | 896,595 |
3.25%, 05/15/30 (a) | 150,000 | 130,464 |
2.88%, 03/25/31 (a) | 1,000,000 | 824,320 |
4.30%, 07/08/34 (a) | 600,000 | 527,094 |
3.90%, 05/15/35 (a) | 350,000 | 288,831 |
3.85%, 07/15/36 (a) | 350,000 | 281,684 |
3.80%, 11/15/37 (a) | 600,000 | 467,184 |
6.50%, 04/15/38 | 400,000 | 414,608 |
6.13%, 07/08/39 | 200,000 | 201,040 |
3.60%, 04/01/40 (a) | 950,000 | 712,452 |
5.38%, 07/15/40 | 700,000 | 638,078 |
3.65%, 03/25/41 (a) | 700,000 | 521,920 |
4.50%, 07/08/44 (a) | 250,000 | 204,560 |
4.13%, 05/15/45 (a) | 620,000 | 473,785 |
4.00%, 07/15/46 (a) | 900,000 | 668,817 |
4.00%, 11/15/47 (a) | 700,000 | 521,514 |
3.60%, 04/01/50 (a) | 1,400,000 | 978,222 |
3.95%, 03/25/51 (a) | 840,000 | 617,534 |
4.38%, 05/15/55 (a) | 425,000 | 320,735 |
3.85%, 04/01/60 (a) | 1,100,000 | 759,726 |
4.10%, 03/25/61 (a) | 500,000 | 358,540 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 400,000 | 390,576 |
1.65%, 06/01/25 (a) | 350,000 | 330,249 |
2.65%, 10/01/26 (a) | 400,000 | 379,652 |
3.90%, 06/01/27 (a) | 150,000 | 149,409 |
2.85%, 10/01/29 (a) | 525,000 | 476,175 |
2.30%, 06/01/30 (a) | 300,000 | 258,483 |
4.40%, 06/01/32 (a) | 300,000 | 297,192 |
3.25%, 06/01/50 (a) | 200,000 | 151,156 |
5.05%, 06/01/52 (a) | 300,000 | 298,755 |
5.25%, 06/01/62 (a) | 150,000 | 148,536 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Qorvo, Inc. | ||
1.75%, 12/15/24 (a)(c) | 200,000 | 187,794 |
4.38%, 10/15/29 (a) | 250,000 | 220,558 |
QUALCOMM, Inc. | ||
2.90%, 05/20/24 (a) | 125,000 | 124,448 |
3.45%, 05/20/25 (a) | 450,000 | 449,995 |
3.25%, 05/20/27 (a) | 350,000 | 342,555 |
1.30%, 05/20/28 (a) | 484,000 | 419,797 |
2.15%, 05/20/30 (a) | 400,000 | 351,248 |
1.65%, 05/20/32 (a) | 650,000 | 525,765 |
4.65%, 05/20/35 (a) | 300,000 | 308,571 |
4.80%, 05/20/45 (a) | 500,000 | 512,570 |
4.30%, 05/20/47 (a) | 400,000 | 384,336 |
3.25%, 05/20/50 (a) | 275,000 | 225,068 |
4.50%, 05/20/52 (a) | 300,000 | 297,642 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 350,000 | 338,810 |
3.00%, 05/22/30 (a) | 200,000 | 179,806 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 150,000 | 144,392 |
2.45%, 03/01/27 (a)(c) | 400,000 | 374,728 |
4.75%, 08/01/28 (a)(c) | 250,000 | 254,685 |
2.70%, 03/01/29 (a)(c) | 400,000 | 364,384 |
4.25%, 05/01/29 (a)(c) | 200,000 | 198,310 |
2.50%, 12/01/29 (a) | 200,000 | 177,014 |
1.25%, 08/15/30 (a) | 250,000 | 198,428 |
2.90%, 03/01/32 (a)(c) | 400,000 | 356,652 |
3.25%, 12/01/49 (a) | 200,000 | 157,110 |
3.70%, 03/01/52 (a)(c) | 300,000 | 256,734 |
2.30%, 08/15/60 (a) | 200,000 | 123,380 |
3.90%, 03/01/62 (a)(c) | 200,000 | 170,310 |
salesforce.com, Inc. | ||
0.63%, 07/15/24 (a) | 200,000 | 189,458 |
3.70%, 04/11/28 (a) | 525,000 | 519,188 |
1.50%, 07/15/28 (a) | 300,000 | 262,248 |
1.95%, 07/15/31 (a) | 500,000 | 425,735 |
2.70%, 07/15/41 (a) | 400,000 | 310,296 |
2.90%, 07/15/51 (a) | 550,000 | 417,450 |
3.05%, 07/15/61 (a) | 400,000 | 295,240 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 550,000 | 431,007 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 200,000 | 177,548 |
3.00%, 06/01/31 (a) | 200,000 | 163,466 |
SYNNEX Corp. | ||
1.25%, 08/09/24 (a)(c) | 250,000 | 233,345 |
1.75%, 08/09/26 (a)(c) | 400,000 | 353,304 |
2.65%, 08/09/31 (a)(c) | 250,000 | 202,090 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 200,000 | 165,676 |
Tencent Music Entertainment Group | ||
1.38%, 09/03/25 (a) | 200,000 | 182,186 |
2.00%, 09/03/30 (a) | 200,000 | 156,828 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 250,000 | 236,950 |
1.13%, 09/15/26 (a) | 200,000 | 182,252 |
2.90%, 11/03/27 (a) | 200,000 | 191,498 |
2.25%, 09/04/29 (a) | 350,000 | 312,392 |
1.75%, 05/04/30 (a) | 250,000 | 214,053 |
1.90%, 09/15/31 (a) | 150,000 | 127,497 |
3.88%, 03/15/39 (a) | 50,000 | 47,169 |
4.15%, 05/15/48 (a) | 550,000 | 531,679 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Thomson Reuters Corp. | ||
4.30%, 11/23/23 (a) | 200,000 | 201,720 |
5.85%, 04/15/40 | 200,000 | 210,342 |
5.65%, 11/23/43 (a) | 150,000 | 152,675 |
Trimble, Inc. | ||
4.75%, 12/01/24 (a) | 100,000 | 100,697 |
4.90%, 06/15/28 (a) | 175,000 | 169,971 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 300,000 | 275,664 |
3.88%, 04/22/27 (a) | 300,000 | 299,235 |
4.13%, 04/22/29 (a) | 200,000 | 199,734 |
2.50%, 10/25/31 (a) | 300,000 | 258,027 |
4.25%, 04/22/32 (a) | 300,000 | 296,736 |
3.13%, 10/25/41 (a) | 400,000 | 328,004 |
3.25%, 10/25/51 (a)(e) | 350,000 | 283,836 |
4.50%, 04/22/52 (a) | 300,000 | 296,280 |
Tyco Electronics Group S.A. | ||
3.45%, 08/01/24 (a) | 165,000 | 164,675 |
3.70%, 02/15/26 (a) | 150,000 | 149,739 |
3.13%, 08/15/27 (a) | 150,000 | 144,354 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 150,000 | 151,608 |
4.75%, 07/15/27 (a) | 200,000 | 195,914 |
2.70%, 06/15/31 (a) | 250,000 | 201,445 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 300,000 | 297,891 |
4.13%, 03/15/29 (a) | 175,000 | 168,550 |
5.50%, 06/15/45 (a) | 150,000 | 150,461 |
3.63%, 05/15/50 (a) | 100,000 | 77,857 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 1,250,000 | 1,234,400 |
1.90%, 04/15/27 (a) | 400,000 | 369,356 |
0.75%, 08/15/27 (a) | 150,000 | 130,116 |
2.75%, 09/15/27 (a) | 150,000 | 143,358 |
2.05%, 04/15/30 (a) | 550,000 | 482,531 |
1.10%, 02/15/31 (a) | 350,000 | 280,294 |
4.15%, 12/14/35 (a) | 500,000 | 499,035 |
2.70%, 04/15/40 (a) | 250,000 | 202,288 |
4.30%, 12/14/45 (a) | 1,150,000 | 1,136,579 |
3.65%, 09/15/47 (a) | 50,000 | 44,634 |
2.00%, 08/15/50 (a) | 550,000 | 365,865 |
VMware, Inc. | ||
0.60%, 08/15/23 | 500,000 | 483,445 |
4.50%, 05/15/25 (a) | 350,000 | 351,844 |
1.40%, 08/15/26 (a) | 500,000 | 442,945 |
3.90%, 08/21/27 (a) | 500,000 | 480,530 |
4.70%, 05/15/30 (a) | 450,000 | 432,990 |
2.20%, 08/15/31 (a) | 500,000 | 393,870 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 700,000 | 670,761 |
2.85%, 02/01/29 (a) | 200,000 | 163,118 |
3.10%, 02/01/32 (a) | 200,000 | 153,568 |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 200,000 | 192,252 |
1.35%, 03/15/26 (a) | 200,000 | 178,704 |
2.75%, 03/15/31 (a) | 150,000 | 123,519 |
6.20%, 11/17/36 | 50,000 | 50,468 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 300,000 | 287,769 |
3.70%, 04/01/29 (a) | 300,000 | 281,496 |
3.80%, 04/01/32 (a) | 300,000 | 274,557 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 250,000 | 248,333 |
2.38%, 06/01/30 (a) | 250,000 | 220,538 |
178,111,467 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Transportation 0.5% | ||
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 03/22/29 | 143,157 | 131,161 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 184,531 | 169,370 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 445,200 | 405,782 |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 04/15/31 | 39,176 | 35,398 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 08/15/33 | 312,050 | 273,806 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 100,000 | 98,543 |
Burlington Northern Santa Fe LLC | ||
3.85%, 09/01/23 (a) | 325,000 | 327,015 |
3.40%, 09/01/24 (a) | 300,000 | 300,729 |
3.00%, 04/01/25 (a) | 240,000 | 238,265 |
7.00%, 12/15/25 | 150,000 | 166,394 |
3.25%, 06/15/27 (a) | 200,000 | 195,810 |
6.20%, 08/15/36 | 100,000 | 117,112 |
6.15%, 05/01/37 | 50,000 | 58,633 |
5.75%, 05/01/40 (a) | 50,000 | 55,164 |
5.05%, 03/01/41 (a) | 400,000 | 410,572 |
5.40%, 06/01/41 (a) | 250,000 | 266,055 |
4.40%, 03/15/42 (a) | 250,000 | 236,617 |
4.38%, 09/01/42 (a) | 350,000 | 332,283 |
4.45%, 03/15/43 (a) | 200,000 | 190,840 |
5.15%, 09/01/43 (a) | 550,000 | 571,318 |
4.90%, 04/01/44 (a) | 150,000 | 150,966 |
4.55%, 09/01/44 (a) | 425,000 | 410,129 |
4.70%, 09/01/45 (a) | 200,000 | 196,714 |
3.90%, 08/01/46 (a) | 100,000 | 89,025 |
4.05%, 06/15/48 (a) | 500,000 | 458,350 |
4.15%, 12/15/48 (a) | 300,000 | 277,242 |
3.05%, 02/15/51 (a) | 200,000 | 154,214 |
3.30%, 09/15/51 (a) | 450,000 | 363,042 |
2.88%, 06/15/52 (a) | 150,000 | 111,830 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 150,000 | 147,705 |
6.90%, 07/15/28 | 150,000 | 170,794 |
6.38%, 11/15/37 | 150,000 | 172,552 |
3.20%, 08/02/46 (a) | 250,000 | 195,945 |
3.65%, 02/03/48 (a) | 250,000 | 211,302 |
4.45%, 01/20/49 (a) | 200,000 | 191,076 |
2.45%, 05/01/50 (a) | 300,000 | 202,542 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 500,000 | 471,700 |
2.90%, 02/01/25 (a) | 271,000 | 263,287 |
4.00%, 06/01/28 (a) | 200,000 | 198,438 |
2.05%, 03/05/30 (a) | 200,000 | 169,418 |
7.13%, 10/15/31 | 100,000 | 116,914 |
2.45%, 12/02/31 (a) | 450,000 | 386,568 |
4.80%, 09/15/35 (a) | 145,000 | 144,732 |
5.95%, 05/15/37 | 100,000 | 110,884 |
3.00%, 12/02/41 (a) | 300,000 | 236,997 |
4.80%, 08/01/45 (a) | 150,000 | 148,323 |
3.10%, 12/02/51 (a) | 600,000 | 444,306 |
6.13%, 09/15/15 (a) | 289,000 | 302,661 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 200,000 | 193,152 |
Continental Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 10/11/25 | 158,197 | 153,989 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 150,000 | 149,358 |
3.35%, 11/01/25 (a) | 150,000 | 147,510 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.60%, 11/01/26 (a) | 250,000 | 235,502 |
3.25%, 06/01/27 (a) | 378,000 | 363,175 |
3.80%, 03/01/28 (a) | 250,000 | 244,667 |
2.40%, 02/15/30 (a) | 275,000 | 241,469 |
6.00%, 10/01/36 | 50,000 | 55,454 |
6.15%, 05/01/37 | 250,000 | 281,787 |
6.22%, 04/30/40 | 175,000 | 198,761 |
5.50%, 04/15/41 (a) | 150,000 | 158,543 |
4.75%, 05/30/42 (a) | 50,000 | 47,779 |
4.40%, 03/01/43 (a) | 150,000 | 137,549 |
4.10%, 03/15/44 (a) | 250,000 | 220,340 |
3.80%, 11/01/46 (a) | 250,000 | 211,975 |
4.30%, 03/01/48 (a) | 50,000 | 45,987 |
4.75%, 11/15/48 (a) | 250,000 | 244,807 |
4.50%, 03/15/49 (a) | 150,000 | 140,661 |
3.35%, 09/15/49 (a) | 200,000 | 156,726 |
3.80%, 04/15/50 (a) | 150,000 | 126,923 |
3.95%, 05/01/50 (a) | 250,000 | 217,180 |
2.50%, 05/15/51 (a) | 150,000 | 101,658 |
4.50%, 08/01/54 (a) | 200,000 | 185,760 |
4.25%, 11/01/66 (a) | 250,000 | 213,762 |
4.65%, 03/01/68 (a) | 125,000 | 114,635 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 10/25/25 | 188,000 | 181,668 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 132,062 | 116,397 |
FedEx Corp 2020-1 Class AA Pass-Through Trust | ||
1.88%, 08/20/35 | 229,948 | 198,751 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 250,000 | 245,590 |
3.40%, 02/15/28 (a) | 350,000 | 334,691 |
4.20%, 10/17/28 (a) | 150,000 | 148,889 |
3.10%, 08/05/29 (a) | 350,000 | 319,609 |
4.25%, 05/15/30 (a) | 300,000 | 292,563 |
4.90%, 01/15/34 | 112,000 | 112,152 |
3.90%, 02/01/35 | 300,000 | 269,538 |
3.25%, 05/15/41 (a) | 250,000 | 196,282 |
3.88%, 08/01/42 | 300,000 | 251,889 |
5.10%, 01/15/44 | 250,000 | 241,152 |
4.10%, 02/01/45 | 227,000 | 191,336 |
4.75%, 11/15/45 (a) | 265,000 | 244,523 |
4.55%, 04/01/46 (a) | 450,000 | 404,964 |
4.40%, 01/15/47 (a) | 150,000 | 131,483 |
4.05%, 02/15/48 (a) | 250,000 | 210,235 |
4.95%, 10/17/48 (a) | 300,000 | 286,680 |
5.25%, 05/15/50 (a)(e) | 400,000 | 399,736 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 100,000 | 87,300 |
2.65%, 07/15/31 (a) | 150,000 | 118,694 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 275,000 | 272,154 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 11/15/33 | 133,540 | 113,334 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
Series 1A 4.00%, 05/15/34 | 225,461 | 207,354 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 150,000 | 134,283 |
4.30%, 05/15/43 (a) | 50,000 | 43,739 |
4.95%, 08/15/45 (a) | 200,000 | 194,728 |
4.70%, 05/01/48 (a) | 150,000 | 141,537 |
3.50%, 05/01/50 (a) | 200,000 | 156,910 |
4.20%, 11/15/69 (a) | 150,000 | 124,061 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 200,000 | 186,576 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Norfolk Southern Corp. | ||
3.85%, 01/15/24 (a) | 50,000 | 50,192 |
2.90%, 06/15/26 (a) | 550,000 | 527,164 |
2.55%, 11/01/29 (a) | 200,000 | 179,322 |
2.30%, 05/15/31 (a) | 200,000 | 171,146 |
4.84%, 10/01/41 | 400,000 | 391,408 |
4.45%, 06/15/45 (a) | 250,000 | 233,842 |
4.65%, 01/15/46 (a) | 150,000 | 144,998 |
3.94%, 11/01/47 (a) | 350,000 | 305,385 |
4.15%, 02/28/48 (a) | 275,000 | 246,859 |
4.10%, 05/15/49 (a) | 300,000 | 266,949 |
3.40%, 11/01/49 (a) | 300,000 | 237,378 |
3.05%, 05/15/50 (a) | 300,000 | 220,758 |
4.05%, 08/15/52 (a) | 350,000 | 305,560 |
4.55%, 06/01/53 (a) | 200,000 | 189,120 |
3.16%, 05/15/55 (a) | 375,000 | 274,095 |
Ryder System, Inc. | ||
3.88%, 12/01/23 (a) | 150,000 | 149,906 |
3.65%, 03/18/24 (a) | 150,000 | 148,862 |
2.50%, 09/01/24 (a) | 200,000 | 192,626 |
3.35%, 09/01/25 (a) | 135,000 | 130,622 |
2.90%, 12/01/26 (a) | 200,000 | 186,496 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 350,000 | 357,434 |
3.00%, 11/15/26 (a) | 300,000 | 280,887 |
5.13%, 06/15/27 (a) | 475,000 | 479,489 |
3.45%, 11/16/27 (a) | 150,000 | 141,243 |
2.63%, 02/10/30 (a) | 200,000 | 169,080 |
Spirit Airlines Pass-Through Trust 2015-1A | ||
4.10%, 10/01/29 | 63,566 | 59,936 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 150,000 | 122,516 |
Union Pacific Corp. | ||
3.65%, 02/15/24 (a) | 250,000 | 250,597 |
3.15%, 03/01/24 (a) | 250,000 | 248,502 |
3.75%, 03/15/24 (a) | 100,000 | 100,356 |
3.25%, 08/15/25 (a) | 500,000 | 493,090 |
2.75%, 03/01/26 (a) | 500,000 | 480,500 |
2.15%, 02/05/27 (a) | 225,000 | 209,095 |
3.70%, 03/01/29 (a) | 300,000 | 292,146 |
2.40%, 02/05/30 (a) | 250,000 | 221,157 |
2.80%, 02/14/32 (a) | 400,000 | 356,108 |
3.38%, 02/01/35 (a) | 400,000 | 359,196 |
2.89%, 04/06/36 (a) | 250,000 | 207,140 |
3.60%, 09/15/37 (a) | 200,000 | 179,856 |
3.55%, 08/15/39 (a) | 300,000 | 259,722 |
3.20%, 05/20/41 (a) | 250,000 | 205,012 |
4.05%, 11/15/45 (a) | 120,000 | 106,151 |
4.05%, 03/01/46 (a) | 250,000 | 227,865 |
4.00%, 04/15/47 (a) | 200,000 | 179,412 |
4.50%, 09/10/48 (a) | 100,000 | 95,955 |
4.30%, 03/01/49 (a) | 250,000 | 235,720 |
3.25%, 02/05/50 (a) | 700,000 | 551,474 |
3.80%, 10/01/51 (a) | 250,000 | 215,700 |
3.50%, 02/14/53 (a) | 400,000 | 327,596 |
3.88%, 02/01/55 (a) | 150,000 | 128,822 |
3.95%, 08/15/59 (a) | 175,000 | 150,360 |
3.84%, 03/20/60 (a) | 700,000 | 586,040 |
2.97%, 09/16/62 (a) | 450,000 | 312,786 |
4.10%, 09/15/67 (a) | 175,000 | 149,356 |
3.75%, 02/05/70 (a) | 250,000 | 200,267 |
3.80%, 04/06/71 (a) | 350,000 | 282,191 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 | 502,427 | 482,114 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 10/11/27 | 89,253 | 83,562 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 03/03/28 | 211,576 | 199,710 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 457,532 | 414,135 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 04/07/30 | 91,455 | 83,017 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 291,864 | 262,920 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 278,716 | 259,895 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 182,010 | 153,562 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 166,000 | 157,474 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 150,000 | 146,475 |
2.80%, 11/15/24 (a) | 150,000 | 148,292 |
3.90%, 04/01/25 (a) | 350,000 | 353,055 |
3.05%, 11/15/27 (a) | 450,000 | 438,349 |
3.40%, 03/15/29 (a) | 100,000 | 96,604 |
2.50%, 09/01/29 (a) | 150,000 | 136,418 |
4.45%, 04/01/30 (a) | 325,000 | 332,881 |
6.20%, 01/15/38 | 400,000 | 467,076 |
5.20%, 04/01/40 (a) | 200,000 | 212,584 |
4.88%, 11/15/40 (a) | 100,000 | 102,300 |
3.63%, 10/01/42 | 100,000 | 87,233 |
3.40%, 11/15/46 (a) | 200,000 | 166,864 |
3.75%, 11/15/47 (a) | 300,000 | 268,002 |
4.25%, 03/15/49 (a) | 260,000 | 249,798 |
3.40%, 09/01/49 (a) | 200,000 | 169,388 |
5.30%, 04/01/50 (a) | 400,000 | 441,124 |
41,914,707 | ||
1,046,289,512 | ||
Utility 2.0% | ||
Electric 1.8% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 95,000 | 92,422 |
2.10%, 07/01/30 (a) | 300,000 | 250,221 |
4.15%, 05/01/49 (a) | 200,000 | 172,734 |
3.45%, 01/15/50 (a) | 250,000 | 193,883 |
5.25%, 05/15/52 (a) | 175,000 | 177,735 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 250,000 | 213,097 |
4.25%, 09/15/48 (a) | 210,000 | 192,463 |
3.80%, 06/15/49 (a) | 100,000 | 85,615 |
3.65%, 04/01/50 (a) | 150,000 | 125,096 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 250,000 | 220,697 |
2.45%, 01/15/31 (a) | 350,000 | 281,792 |
Alabama Power Co. | ||
3.55%, 12/01/23 | 100,000 | 100,546 |
1.45%, 09/15/30 (a) | 250,000 | 203,648 |
6.00%, 03/01/39 | 225,000 | 248,467 |
3.85%, 12/01/42 | 150,000 | 128,915 |
4.30%, 01/02/46 (a) | 350,000 | 319,508 |
3.70%, 12/01/47 (a) | 400,000 | 334,948 |
4.30%, 07/15/48 (a) | 100,000 | 90,880 |
3.45%, 10/01/49 (a) | 250,000 | 198,040 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 250,000 | 242,805 |
3.65%, 02/15/26 (a) | 400,000 | 393,348 |
3.50%, 01/15/31 (a) | 300,000 | 275,265 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ameren Illinois Co. | ||
4.15%, 03/15/46 (a) | 300,000 | 275,598 |
3.70%, 12/01/47 (a) | 150,000 | 129,144 |
3.25%, 03/15/50 (a) | 100,000 | 78,506 |
American Electric Power Co., Inc. | ||
3.20%, 11/13/27 (a) | 50,000 | 47,283 |
4.30%, 12/01/28 (a) | 400,000 | 390,072 |
2.30%, 03/01/30 (a) | 200,000 | 168,578 |
3.25%, 03/01/50 (a) | 200,000 | 144,518 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 300,000 | 296,253 |
3.30%, 06/01/27 (a) | 300,000 | 288,126 |
7.00%, 04/01/38 | 210,000 | 244,600 |
4.45%, 06/01/45 (a) | 250,000 | 218,797 |
4.50%, 03/01/49 (a) | 150,000 | 134,220 |
3.70%, 05/01/50 (a) | 200,000 | 159,968 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 250,000 | 245,500 |
5.05%, 09/01/41 (a) | 100,000 | 95,644 |
4.35%, 11/15/45 (a) | 275,000 | 236,879 |
4.20%, 08/15/48 (a) | 100,000 | 85,865 |
4.25%, 03/01/49 (a) | 150,000 | 130,716 |
3.35%, 05/15/50 (a) | 350,000 | 258,499 |
2.65%, 09/15/50 (a) | 250,000 | 161,223 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 300,000 | 293,583 |
3.20%, 04/15/25 (a) | 175,000 | 170,168 |
3.80%, 06/01/29 (a) | 195,000 | 182,754 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 150,000 | 141,756 |
Baltimore Gas and Electric Co. | ||
3.50%, 08/15/46 (a) | 250,000 | 206,720 |
3.75%, 08/15/47 (a) | 175,000 | 151,764 |
4.25%, 09/15/48 (a) | 150,000 | 139,259 |
3.20%, 09/15/49 (a) | 100,000 | 78,048 |
2.90%, 06/15/50 (a) | 150,000 | 110,978 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 150,000 | 150,116 |
4.05%, 04/15/25 (a) | 600,000 | 605,610 |
3.25%, 04/15/28 (a) | 325,000 | 309,332 |
3.70%, 07/15/30 (a) | 200,000 | 192,072 |
6.13%, 04/01/36 | 500,000 | 552,475 |
5.95%, 05/15/37 | 250,000 | 275,017 |
5.15%, 11/15/43 (a) | 260,000 | 263,398 |
4.50%, 02/01/45 (a) | 250,000 | 232,230 |
3.80%, 07/15/48 (a) | 250,000 | 210,923 |
4.45%, 01/15/49 (a) | 300,000 | 280,371 |
4.25%, 10/15/50 (a) | 350,000 | 320,432 |
2.85%, 05/15/51 (a) | 350,000 | 248,787 |
4.60%, 05/01/53 (a)(c) | 300,000 | 289,812 |
Black Hills Corp. | ||
1.04%, 08/23/24 (a) | 200,000 | 187,422 |
3.05%, 10/15/29 (a) | 150,000 | 133,473 |
2.50%, 06/15/30 (a) | 250,000 | 209,353 |
4.35%, 05/01/33 (a) | 150,000 | 140,378 |
4.20%, 09/15/46 (a) | 100,000 | 85,293 |
3.88%, 10/15/49 (a) | 100,000 | 81,429 |
CenterPoint Energy Houston Electric LLC | ||
3.00%, 03/01/32 (a) | 250,000 | 228,207 |
6.95%, 03/15/33 | 50,000 | 59,720 |
3.55%, 08/01/42 (a) | 128,000 | 111,117 |
3.95%, 03/01/48 (a) | 200,000 | 181,456 |
4.25%, 02/01/49 (a) | 250,000 | 238,197 |
2.90%, 07/01/50 (a) | 150,000 | 113,586 |
3.60%, 03/01/52 (a) | 250,000 | 215,617 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 200,000 | 193,662 |
4.25%, 11/01/28 (a) | 120,000 | 117,728 |
2.95%, 03/01/30 (a) | 400,000 | 356,188 |
3.70%, 09/01/49 (a) | 200,000 | 161,090 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 170,000 | 164,742 |
4.97%, 05/01/46 (a) | 100,000 | 94,964 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 350,000 | 337,011 |
3.45%, 08/15/27 (a) | 200,000 | 191,918 |
4.88%, 03/01/44 (a) | 100,000 | 95,683 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 123,000 | 118,054 |
3.70%, 08/15/28 (a) | 750,000 | 731,475 |
6.45%, 01/15/38 | 300,000 | 352,176 |
3.80%, 10/01/42 (a) | 200,000 | 172,860 |
4.60%, 08/15/43 (a) | 150,000 | 145,785 |
4.70%, 01/15/44 (a) | 150,000 | 147,432 |
3.70%, 03/01/45 (a) | 100,000 | 84,139 |
4.35%, 11/15/45 (a) | 150,000 | 139,524 |
3.65%, 06/15/46 (a) | 250,000 | 212,403 |
3.75%, 08/15/47 (a) | 250,000 | 216,020 |
4.00%, 03/01/48 (a) | 150,000 | 135,449 |
4.00%, 03/01/49 (a) | 200,000 | 180,228 |
3.20%, 11/15/49 (a) | 100,000 | 78,381 |
3.00%, 03/01/50 (a) | 300,000 | 230,853 |
3.13%, 03/15/51 (a) | 250,000 | 193,665 |
Connecticut Light and Power Co. | ||
0.75%, 12/01/25 (a) | 50,000 | 45,287 |
3.20%, 03/15/27 (a) | 200,000 | 194,874 |
2.05%, 07/01/31 (a) | 300,000 | 253,800 |
4.30%, 04/15/44 (a) | 150,000 | 140,357 |
4.00%, 04/01/48 (a) | 250,000 | 227,767 |
Consolidated Edison Co. of New York, Inc. | ||
4.00%, 12/01/28 (a) | 200,000 | 197,642 |
3.35%, 04/01/30 (a) | 400,000 | 373,156 |
5.30%, 03/01/35 | 350,000 | 363,993 |
5.85%, 03/15/36 | 50,000 | 53,665 |
6.75%, 04/01/38 | 350,000 | 410,557 |
5.50%, 12/01/39 | 250,000 | 260,215 |
5.70%, 06/15/40 | 150,000 | 158,808 |
3.95%, 03/01/43 (a) | 300,000 | 259,443 |
4.45%, 03/15/44 (a) | 400,000 | 368,552 |
4.50%, 12/01/45 (a) | 100,000 | 92,285 |
3.88%, 06/15/47 (a) | 250,000 | 210,223 |
4.13%, 05/15/49 (a) | 200,000 | 175,658 |
3.95%, 04/01/50 (a) | 350,000 | 305,459 |
4.63%, 12/01/54 (a) | 250,000 | 232,382 |
4.30%, 12/01/56 (a) | 200,000 | 176,152 |
4.00%, 11/15/57 (a) | 250,000 | 209,098 |
4.50%, 05/15/58 (a) | 290,000 | 261,652 |
3.70%, 11/15/59 (a) | 200,000 | 159,056 |
3.00%, 12/01/60 (a) | 200,000 | 137,744 |
3.60%, 06/15/61 (a) | 200,000 | 158,954 |
Consolidated Edison, Inc. | ||
0.65%, 12/01/23 (a) | 300,000 | 289,059 |
Consumers Energy Co. | ||
3.38%, 08/15/23 (a) | 250,000 | 250,505 |
3.95%, 05/15/43 (a) | 250,000 | 223,285 |
4.05%, 05/15/48 (a) | 200,000 | 183,416 |
4.35%, 04/15/49 (a) | 200,000 | 191,204 |
3.75%, 02/15/50 (a) | 100,000 | 87,529 |
3.10%, 08/15/50 (a) | 300,000 | 231,603 |
3.50%, 08/01/51 (a) | 100,000 | 83,887 |
2.50%, 05/01/60 (a) | 350,000 | 225,165 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 150,000 | 128,679 |
Delmarva Power & Light Co. | ||
3.50%, 11/15/23 (a) | 300,000 | 301,401 |
4.15%, 05/15/45 (a) | 200,000 | 179,242 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 150,000 | 128,294 |
5.30%, 05/15/33 | 100,000 | 106,929 |
6.05%, 01/15/38 | 250,000 | 280,222 |
5.45%, 02/01/41 (a) | 100,000 | 105,096 |
5.10%, 06/01/65 (a) | 200,000 | 200,464 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 | 225,000 | 219,924 |
2.85%, 08/15/26 (a) | 300,000 | 285,093 |
3.60%, 03/15/27 (a) | 200,000 | 194,788 |
4.25%, 06/01/28 (a) | 350,000 | 345,471 |
3.38%, 04/01/30 (a) | 550,000 | 503,602 |
6.30%, 03/15/33 | 45,000 | 49,457 |
5.25%, 08/01/33 | 300,000 | 310,710 |
5.95%, 06/15/35 | 150,000 | 160,238 |
7.00%, 06/15/38 | 200,000 | 232,566 |
4.90%, 08/01/41 (a) | 200,000 | 192,372 |
4.05%, 09/15/42 (a) | 200,000 | 172,144 |
4.70%, 12/01/44 (a) | 150,000 | 139,110 |
4.60%, 03/15/49 (a) | 150,000 | 140,903 |
5.75%, 10/01/54 (a)(b) | 100,000 | 93,561 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 150,000 | 148,913 |
2.25%, 03/01/30 (a) | 200,000 | 175,512 |
2.63%, 03/01/31 (a) | 300,000 | 266,655 |
4.00%, 04/01/43 (a) | 125,000 | 112,588 |
4.30%, 07/01/44 (a) | 150,000 | 140,058 |
3.70%, 03/15/45 (a) | 150,000 | 128,312 |
3.70%, 06/01/46 (a) | 200,000 | 175,722 |
4.05%, 05/15/48 (a) | 175,000 | 161,012 |
3.95%, 03/01/49 (a) | 239,000 | 215,791 |
2.95%, 03/01/50 (a) | 50,000 | 38,197 |
3.25%, 04/01/51 (a) | 200,000 | 161,264 |
DTE Energy Co. | ||
2.53%, 10/01/24 | 170,000 | 164,569 |
2.85%, 10/01/26 (a) | 645,000 | 610,551 |
3.40%, 06/15/29 (a) | 250,000 | 229,782 |
2.95%, 03/01/30 (a) | 200,000 | 177,528 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 236,000 | 233,213 |
2.45%, 02/01/30 (a) | 250,000 | 221,262 |
6.45%, 10/15/32 | 100,000 | 112,799 |
6.10%, 06/01/37 | 150,000 | 164,145 |
6.00%, 01/15/38 | 200,000 | 223,560 |
6.05%, 04/15/38 | 250,000 | 280,217 |
5.30%, 02/15/40 | 200,000 | 208,746 |
4.25%, 12/15/41 (a) | 250,000 | 232,050 |
4.00%, 09/30/42 (a) | 250,000 | 223,915 |
3.75%, 06/01/45 (a) | 200,000 | 169,168 |
3.88%, 03/15/46 (a) | 150,000 | 132,024 |
3.70%, 12/01/47 (a) | 200,000 | 169,962 |
3.95%, 03/15/48 (a) | 200,000 | 176,486 |
3.20%, 08/15/49 (a) | 300,000 | 236,232 |
3.45%, 04/15/51 (a) | 150,000 | 122,970 |
Duke Energy Corp. | ||
3.75%, 04/15/24 (a) | 440,000 | 440,026 |
0.90%, 09/15/25 (a) | 200,000 | 181,412 |
2.65%, 09/01/26 (a) | 500,000 | 469,865 |
3.15%, 08/15/27 (a) | 400,000 | 378,788 |
3.40%, 06/15/29 (a) | 200,000 | 183,412 |
2.45%, 06/01/30 (a) | 500,000 | 422,055 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.55%, 06/15/31 (a) | 500,000 | 415,885 |
4.80%, 12/15/45 (a) | 100,000 | 91,598 |
3.75%, 09/01/46 (a) | 200,000 | 157,998 |
3.95%, 08/15/47 (a) | 450,000 | 366,664 |
4.20%, 06/15/49 (a) | 200,000 | 167,744 |
3.50%, 06/15/51 (a) | 250,000 | 188,845 |
3.25%, 01/15/82 (a)(b) | 100,000 | 77,575 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 450,000 | 438,817 |
3.80%, 07/15/28 (a) | 100,000 | 97,873 |
2.50%, 12/01/29 (a) | 150,000 | 133,560 |
1.75%, 06/15/30 (a) | 250,000 | 208,208 |
6.35%, 09/15/37 | 150,000 | 172,107 |
6.40%, 06/15/38 | 300,000 | 353,667 |
5.65%, 04/01/40 | 250,000 | 268,760 |
3.85%, 11/15/42 (a) | 300,000 | 262,008 |
3.40%, 10/01/46 (a) | 100,000 | 79,045 |
4.20%, 07/15/48 (a) | 100,000 | 90,245 |
Duke Energy Florida Project Finance LLC | ||
2.54%, 09/01/31 | 400,000 | 376,908 |
Duke Energy Indiana LLC | ||
6.12%, 10/15/35 | 100,000 | 108,274 |
6.35%, 08/15/38 | 200,000 | 227,902 |
6.45%, 04/01/39 | 200,000 | 227,438 |
4.90%, 07/15/43 (a) | 75,000 | 73,553 |
3.75%, 05/15/46 (a) | 50,000 | 42,791 |
3.25%, 10/01/49 (a) | 150,000 | 116,822 |
2.75%, 04/01/50 (a) | 200,000 | 141,844 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 150,000 | 143,630 |
2.13%, 06/01/30 (a) | 200,000 | 169,362 |
3.70%, 06/15/46 (a) | 50,000 | 42,000 |
4.30%, 02/01/49 (a) | 150,000 | 136,973 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 250,000 | 248,777 |
2.00%, 08/15/31 (a) | 200,000 | 166,092 |
4.10%, 05/15/42 (a) | 200,000 | 180,774 |
4.10%, 03/15/43 (a) | 100,000 | 90,386 |
4.38%, 03/30/44 (a) | 200,000 | 186,490 |
4.15%, 12/01/44 (a) | 300,000 | 270,423 |
4.20%, 08/15/45 (a) | 50,000 | 45,361 |
3.70%, 10/15/46 (a) | 200,000 | 171,404 |
3.60%, 09/15/47 (a) | 250,000 | 209,263 |
2.50%, 08/15/50 (a) | 250,000 | 171,800 |
2.90%, 08/15/51 (a) | 150,000 | 112,115 |
Edison International | ||
3.55%, 11/15/24 (a) | 325,000 | 317,739 |
5.75%, 06/15/27 (a) | 200,000 | 203,716 |
4.13%, 03/15/28 (a) | 200,000 | 186,786 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 269,000 | 287,728 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 287,000 | 275,150 |
4.75%, 06/15/46 (a) | 525,000 | 464,467 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 250,000 | 243,655 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 375,000 | 359,407 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 100,000 | 98,485 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 250,000 | 246,800 |
4.20%, 04/01/49 (a) | 300,000 | 278,547 |
2.65%, 06/15/51 (a) | 250,000 | 174,823 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 300,000 | 270,657 |
2.95%, 09/01/26 (a) | 250,000 | 237,337 |
2.80%, 06/15/30 (a) | 250,000 | 214,942 |
2.40%, 06/15/31 (a) | 300,000 | 244,311 |
3.75%, 06/15/50 (a) | 200,000 | 158,894 |
Entergy Louisiana LLC | ||
0.62%, 11/17/23 (a) | 242,000 | 232,848 |
0.95%, 10/01/24 (a) | 200,000 | 188,694 |
5.40%, 11/01/24 | 150,000 | 155,321 |
2.40%, 10/01/26 (a) | 300,000 | 278,736 |
3.12%, 09/01/27 (a) | 200,000 | 190,684 |
3.25%, 04/01/28 (a) | 200,000 | 188,420 |
1.60%, 12/15/30 (a) | 300,000 | 240,591 |
4.00%, 03/15/33 (a) | 211,000 | 200,876 |
4.95%, 01/15/45 (a) | 400,000 | 390,192 |
4.20%, 09/01/48 (a) | 350,000 | 322,231 |
4.20%, 04/01/50 (a) | 150,000 | 136,908 |
2.90%, 03/15/51 (a) | 200,000 | 145,090 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49 (a) | 175,000 | 150,175 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 197,000 | 192,916 |
1.75%, 03/15/31 (a) | 250,000 | 203,685 |
3.55%, 09/30/49 (a) | 200,000 | 161,406 |
Evergy Kansas Central, Inc. | ||
3.10%, 04/01/27 (a) | 300,000 | 286,653 |
4.13%, 03/01/42 (a) | 150,000 | 135,267 |
4.10%, 04/01/43 (a) | 150,000 | 132,020 |
4.25%, 12/01/45 (a) | 100,000 | 90,653 |
3.25%, 09/01/49 (a) | 125,000 | 97,871 |
3.45%, 04/15/50 (a) | 100,000 | 80,691 |
Evergy Metro, Inc. | ||
5.30%, 10/01/41 (a) | 50,000 | 51,920 |
4.20%, 06/15/47 (a) | 95,000 | 85,782 |
4.20%, 03/15/48 (a) | 150,000 | 135,483 |
4.13%, 04/01/49 (a) | 200,000 | 179,102 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 350,000 | 337,172 |
2.90%, 09/15/29 (a) | 250,000 | 221,005 |
Eversource Energy | ||
2.80%, 05/01/23 (a) | 100,000 | 99,441 |
3.80%, 12/01/23 (a) | 250,000 | 250,535 |
2.90%, 03/01/27 (a) | 200,000 | 188,592 |
3.30%, 01/15/28 (a) | 250,000 | 235,972 |
1.65%, 08/15/30 (a) | 400,000 | 318,764 |
2.55%, 03/15/31 (a) | 250,000 | 212,645 |
3.38%, 03/01/32 (a) | 200,000 | 179,786 |
3.45%, 01/15/50 (a) | 300,000 | 232,221 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 650,000 | 648,420 |
3.40%, 04/15/26 (a) | 100,000 | 97,151 |
4.05%, 04/15/30 (a) | 450,000 | 432,031 |
3.35%, 03/15/32 (a)(c) | 200,000 | 179,526 |
4.95%, 06/15/35 (a)(c) | 250,000 | 245,440 |
5.63%, 06/15/35 | 250,000 | 261,260 |
5.10%, 06/15/45 (a) | 200,000 | 198,652 |
4.45%, 04/15/46 (a) | 300,000 | 271,170 |
4.70%, 04/15/50 (a) | 250,000 | 233,895 |
Exelon Generation Co. LLC | ||
3.25%, 06/01/25 (a) | 50,000 | 47,981 |
6.25%, 10/01/39 | 300,000 | 307,161 |
5.75%, 10/01/41 (a) | 100,000 | 97,354 |
5.60%, 06/15/42 (a) | 300,000 | 288,243 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Florida Power & Light Co. | ||
3.25%, 06/01/24 (a) | 300,000 | 300,423 |
2.85%, 04/01/25 (a) | 400,000 | 393,536 |
3.13%, 12/01/25 (a) | 500,000 | 495,515 |
4.95%, 06/01/35 | 150,000 | 157,157 |
5.95%, 02/01/38 | 150,000 | 169,557 |
5.96%, 04/01/39 | 250,000 | 284,047 |
5.69%, 03/01/40 | 100,000 | 111,185 |
5.25%, 02/01/41 (a) | 250,000 | 266,840 |
4.13%, 02/01/42 (a) | 150,000 | 141,401 |
4.05%, 06/01/42 (a) | 350,000 | 324,768 |
3.80%, 12/15/42 (a) | 275,000 | 246,128 |
3.70%, 12/01/47 (a) | 55,000 | 48,502 |
3.95%, 03/01/48 (a) | 250,000 | 229,432 |
4.13%, 06/01/48 (a) | 250,000 | 235,325 |
3.99%, 03/01/49 (a) | 250,000 | 229,842 |
3.15%, 10/01/49 (a) | 350,000 | 279,587 |
2.88%, 12/04/51 (a) | 400,000 | 300,588 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 310,000 | 291,756 |
Georgia Power Co. | ||
2.10%, 07/30/23 | 250,000 | 246,397 |
2.20%, 09/15/24 (a) | 150,000 | 145,052 |
3.25%, 04/01/26 (a) | 150,000 | 146,138 |
3.25%, 03/30/27 (a) | 100,000 | 95,382 |
2.65%, 09/15/29 (a) | 100,000 | 88,256 |
4.70%, 05/15/32 (a) | 250,000 | 251,257 |
4.75%, 09/01/40 | 100,000 | 91,495 |
4.30%, 03/15/42 | 425,000 | 370,472 |
4.30%, 03/15/43 | 200,000 | 173,906 |
3.70%, 01/30/50 (a) | 225,000 | 179,735 |
3.25%, 03/15/51 (a) | 150,000 | 110,778 |
5.13%, 05/15/52 (a) | 250,000 | 249,572 |
Iberdrola International BV | ||
5.81%, 03/15/25 | 100,000 | 105,876 |
6.75%, 07/15/36 | 200,000 | 232,662 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 200,000 | 182,624 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 50,000 | 48,496 |
4.55%, 03/15/46 (a) | 100,000 | 92,969 |
3.75%, 07/01/47 (a) | 250,000 | 206,950 |
4.25%, 08/15/48 (a) | 300,000 | 266,415 |
Interstate Power and Light Co. | ||
3.25%, 12/01/24 (a) | 200,000 | 197,940 |
4.10%, 09/26/28 (a) | 250,000 | 247,645 |
2.30%, 06/01/30 (a) | 300,000 | 256,908 |
3.70%, 09/15/46 (a) | 50,000 | 41,328 |
3.50%, 09/30/49 (a) | 150,000 | 121,746 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 200,000 | 186,538 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 220,000 | 211,836 |
3.35%, 11/15/27 (a) | 100,000 | 95,534 |
5.30%, 07/01/43 (a) | 150,000 | 151,820 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 250,000 | 250,785 |
4.38%, 10/01/45 (a) | 250,000 | 227,720 |
3.30%, 06/01/50 (a) | 150,000 | 117,339 |
Louisville Gas and Electric Co. | ||
4.25%, 04/01/49 (a) | 150,000 | 136,823 |
MidAmerican Energy Co. | ||
3.10%, 05/01/27 (a) | 50,000 | 48,428 |
3.65%, 04/15/29 (a) | 200,000 | 194,872 |
6.75%, 12/30/31 | 200,000 | 236,864 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.80%, 10/15/36 | 200,000 | 222,418 |
4.80%, 09/15/43 (a) | 200,000 | 199,410 |
4.40%, 10/15/44 (a) | 125,000 | 118,658 |
4.25%, 05/01/46 (a) | 150,000 | 139,911 |
3.95%, 08/01/47 (a) | 150,000 | 134,421 |
3.65%, 08/01/48 (a) | 250,000 | 211,625 |
4.25%, 07/15/49 (a) | 300,000 | 280,443 |
3.15%, 04/15/50 (a) | 200,000 | 157,370 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 250,000 | 243,507 |
4.25%, 03/15/42 | 100,000 | 87,924 |
3.10%, 07/30/51 (a) | 100,000 | 71,393 |
National Rural Utilities Cooperative Finance Corp. | ||
3.40%, 11/15/23 (a) | 250,000 | 250,737 |
2.95%, 02/07/24 (a) | 410,000 | 407,130 |
3.25%, 11/01/25 (a) | 400,000 | 391,368 |
3.40%, 02/07/28 (a) | 350,000 | 335,877 |
3.90%, 11/01/28 (a) | 250,000 | 244,597 |
3.70%, 03/15/29 (a) | 200,000 | 191,292 |
1.35%, 03/15/31 (a) | 250,000 | 195,075 |
8.00%, 03/01/32 | 200,000 | 249,642 |
5.25%, 04/20/46 (a)(b) | 250,000 | 229,585 |
4.40%, 11/01/48 (a) | 150,000 | 141,258 |
4.30%, 03/15/49 (a) | 100,000 | 94,274 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 350,000 | 337,512 |
6.65%, 04/01/36 | 150,000 | 173,442 |
3.13%, 08/01/50 (a) | 200,000 | 149,176 |
NextEra Energy Capital Holdings, Inc. | ||
4.45%, 06/20/25 | 300,000 | 302,604 |
1.88%, 01/15/27 (a) | 350,000 | 315,805 |
3.55%, 05/01/27 (a) | 450,000 | 435,028 |
4.63%, 07/15/27 (a) | 300,000 | 304,011 |
1.90%, 06/15/28 (a) | 500,000 | 435,495 |
3.50%, 04/01/29 (a) | 400,000 | 373,916 |
2.75%, 11/01/29 (a) | 350,000 | 309,582 |
2.25%, 06/01/30 (a) | 650,000 | 546,318 |
2.44%, 01/15/32 (a) | 350,000 | 291,616 |
5.00%, 07/15/32 (a) | 300,000 | 307,398 |
3.00%, 01/15/52 (a) | 200,000 | 143,588 |
4.80%, 12/01/77 (a)(b) | 250,000 | 207,740 |
Northern States Power Co. | ||
6.25%, 06/01/36 | 270,000 | 312,379 |
6.20%, 07/01/37 | 150,000 | 175,650 |
5.35%, 11/01/39 | 200,000 | 215,892 |
3.40%, 08/15/42 (a) | 145,000 | 123,009 |
4.00%, 08/15/45 (a) | 100,000 | 88,988 |
3.60%, 05/15/46 (a) | 200,000 | 171,516 |
3.60%, 09/15/47 (a) | 250,000 | 210,928 |
2.90%, 03/01/50 (a) | 200,000 | 151,250 |
2.60%, 06/01/51 (a) | 200,000 | 141,644 |
NorthWestern Corp. | ||
4.18%, 11/15/44 (a) | 160,000 | 140,566 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 350,000 | 338,614 |
3.25%, 05/15/29 (a) | 250,000 | 236,845 |
1.95%, 08/15/31 (a) | 150,000 | 124,875 |
5.50%, 03/15/40 | 100,000 | 108,346 |
4.40%, 03/01/44 (a) | 150,000 | 140,211 |
3.10%, 06/01/51 (a) | 100,000 | 77,096 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 150,000 | 159,147 |
5.38%, 11/01/40 | 200,000 | 198,002 |
5.05%, 10/01/48 (a) | 200,000 | 187,930 |
3.75%, 08/01/50 (a) | 150,000 | 119,556 |
5.25%, 09/01/50 | 50,000 | 47,759 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ohio Edison Co. | ||
6.88%, 07/15/36 | 100,000 | 117,572 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 200,000 | 177,306 |
1.63%, 01/15/31 (a) | 200,000 | 161,878 |
4.15%, 04/01/48 (a) | 200,000 | 176,572 |
4.00%, 06/01/49 (a) | 250,000 | 217,730 |
Oklahoma Gas and Electric Co. | ||
3.30%, 03/15/30 (a) | 125,000 | 115,874 |
3.25%, 04/01/30 (a) | 150,000 | 138,653 |
4.15%, 04/01/47 (a) | 240,000 | 219,230 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 500,000 | 493,345 |
3.70%, 11/15/28 (a) | 265,000 | 258,030 |
5.75%, 03/15/29 (a) | 73,000 | 79,274 |
4.15%, 06/01/32 (a)(c) | 150,000 | 150,972 |
7.50%, 09/01/38 | 100,000 | 129,022 |
5.25%, 09/30/40 | 200,000 | 212,614 |
4.55%, 12/01/41 (a) | 250,000 | 243,495 |
3.75%, 04/01/45 (a) | 250,000 | 216,550 |
3.80%, 09/30/47 (a) | 200,000 | 176,936 |
4.10%, 11/15/48 (a) | 150,000 | 138,894 |
3.80%, 06/01/49 (a) | 150,000 | 132,921 |
3.10%, 09/15/49 (a) | 250,000 | 195,888 |
3.70%, 05/15/50 (a) | 150,000 | 130,329 |
4.60%, 06/01/52 (a)(c) | 150,000 | 149,421 |
5.35%, 10/01/52 (a) | 150,000 | 165,432 |
Pacific Gas and Electric Co. | ||
4.25%, 08/01/23 (a) | 150,000 | 149,642 |
1.70%, 11/15/23 (a) | 350,000 | 336,948 |
3.85%, 11/15/23 (a) | 250,000 | 247,842 |
3.75%, 02/15/24 (a) | 150,000 | 146,961 |
3.50%, 06/15/25 (a) | 400,000 | 380,120 |
3.45%, 07/01/25 | 300,000 | 282,282 |
3.15%, 01/01/26 | 550,000 | 502,128 |
2.95%, 03/01/26 (a) | 350,000 | 317,989 |
3.30%, 03/15/27 (a) | 100,000 | 90,150 |
2.10%, 08/01/27 (a) | 350,000 | 294,147 |
3.30%, 12/01/27 (a) | 450,000 | 393,457 |
3.00%, 06/15/28 (a) | 250,000 | 216,817 |
3.75%, 07/01/28 | 500,000 | 442,055 |
4.65%, 08/01/28 (a) | 100,000 | 93,128 |
4.55%, 07/01/30 (a) | 1,000,000 | 888,480 |
2.50%, 02/01/31 (a) | 700,000 | 538,272 |
3.25%, 06/01/31 (a) | 350,000 | 282,866 |
5.90%, 06/15/32 (a) | 200,000 | 193,304 |
4.50%, 07/01/40 (a) | 350,000 | 271,957 |
3.30%, 08/01/40 (a) | 350,000 | 242,823 |
4.20%, 06/01/41 (a) | 100,000 | 74,651 |
4.45%, 04/15/42 (a) | 150,000 | 114,038 |
3.75%, 08/15/42 (a) | 200,000 | 137,722 |
4.60%, 06/15/43 (a) | 150,000 | 115,278 |
4.75%, 02/15/44 (a) | 100,000 | 76,971 |
4.30%, 03/15/45 (a) | 150,000 | 109,671 |
4.25%, 03/15/46 (a) | 175,000 | 130,060 |
4.00%, 12/01/46 (a) | 200,000 | 140,546 |
3.95%, 12/01/47 (a) | 300,000 | 209,838 |
4.95%, 07/01/50 (a) | 1,000,000 | 798,050 |
3.50%, 08/01/50 (a) | 600,000 | 401,286 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 100,000 | 95,128 |
2.70%, 09/15/30 (a) | 150,000 | 132,920 |
7.70%, 11/15/31 | 100,000 | 123,300 |
5.75%, 04/01/37 | 100,000 | 106,140 |
6.25%, 10/15/37 | 300,000 | 337,716 |
6.35%, 07/15/38 | 200,000 | 228,322 |
6.00%, 01/15/39 | 100,000 | 110,383 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 01/15/49 (a) | 250,000 | 224,607 |
4.15%, 02/15/50 (a) | 200,000 | 180,000 |
3.30%, 03/15/51 (a) | 250,000 | 196,595 |
2.90%, 06/15/52 (a) | 200,000 | 147,076 |
PECO Energy Co. | ||
3.70%, 09/15/47 (a) | 200,000 | 174,404 |
3.90%, 03/01/48 (a) | 200,000 | 180,284 |
3.00%, 09/15/49 (a) | 100,000 | 76,680 |
2.80%, 06/15/50 (a) | 250,000 | 183,825 |
2.85%, 09/15/51 (a) | 150,000 | 111,111 |
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/32 | 150,000 | 149,769 |
4.26%, 06/01/38 | 150,000 | 150,366 |
4.38%, 06/01/41 | 125,000 | 122,110 |
4.45%, 12/01/49 | 400,000 | 400,716 |
4.67%, 12/01/53 | 275,000 | 274,986 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 250,000 | 229,172 |
Potomac Electric Power Co. | ||
3.60%, 03/15/24 (a) | 250,000 | 250,502 |
4.15%, 03/15/43 (a) | 200,000 | 182,594 |
PPL Capital Funding, Inc. | ||
4.13%, 04/15/30 (a) | 250,000 | 240,150 |
PPL Electric Utilities Corp. | ||
6.25%, 05/15/39 | 300,000 | 344,040 |
4.75%, 07/15/43 (a) | 100,000 | 98,518 |
4.15%, 06/15/48 (a) | 200,000 | 185,506 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 350,000 | 410,564 |
7.00%, 10/30/31 | 60,000 | 67,649 |
6.00%, 12/01/39 | 85,000 | 90,167 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 150,000 | 148,055 |
1.90%, 01/15/31 (a) | 255,000 | 215,416 |
1.88%, 06/15/31 (a) | 225,000 | 188,156 |
6.25%, 09/01/37 | 200,000 | 232,402 |
3.60%, 09/15/42 (a) | 100,000 | 85,777 |
3.80%, 06/15/47 (a) | 50,000 | 44,096 |
4.05%, 09/15/49 (a) | 150,000 | 135,678 |
3.20%, 03/01/50 (a) | 250,000 | 198,400 |
2.70%, 01/15/51 (a) | 150,000 | 107,885 |
Public Service Co. of New Hampshire | ||
3.50%, 11/01/23 (a) | 300,000 | 300,561 |
3.60%, 07/01/49 (a) | 100,000 | 84,183 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 150,000 | 125,522 |
3.15%, 08/15/51 (a) | 150,000 | 110,979 |
Public Service Electric and Gas Co. | ||
3.25%, 09/01/23 (a) | 50,000 | 50,013 |
3.00%, 05/15/27 (a) | 150,000 | 144,671 |
3.70%, 05/01/28 (a) | 100,000 | 97,941 |
3.20%, 05/15/29 (a) | 200,000 | 189,680 |
2.45%, 01/15/30 (a) | 250,000 | 223,772 |
1.90%, 08/15/31 (a) | 200,000 | 167,080 |
3.95%, 05/01/42 (a) | 100,000 | 91,026 |
3.80%, 01/01/43 (a) | 125,000 | 110,268 |
3.80%, 03/01/46 (a) | 250,000 | 220,400 |
3.60%, 12/01/47 (a) | 150,000 | 127,700 |
4.05%, 05/01/48 (a) | 150,000 | 137,121 |
3.85%, 05/01/49 (a) | 250,000 | 221,377 |
3.20%, 08/01/49 (a) | 150,000 | 120,072 |
3.15%, 01/01/50 (a) | 200,000 | 156,084 |
2.70%, 05/01/50 (a) | 250,000 | 180,658 |
2.05%, 08/01/50 (a) | 200,000 | 125,902 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 450,000 | 441,135 |
0.80%, 08/15/25 (a) | 225,000 | 203,697 |
0.95%, 03/15/26 (a) | 150,000 | 136,346 |
1.60%, 08/15/30 (a) | 350,000 | 279,062 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 250,000 | 245,657 |
4.10%, 06/15/30 (a) | 450,000 | 419,692 |
4.22%, 03/15/32 (a) | 150,000 | 138,752 |
Puget Sound Energy, Inc. | ||
6.27%, 03/15/37 | 100,000 | 112,896 |
5.80%, 03/15/40 | 25,000 | 26,953 |
5.64%, 04/15/41 (a) | 150,000 | 158,673 |
4.30%, 05/20/45 (a) | 150,000 | 135,773 |
4.22%, 06/15/48 (a) | 250,000 | 223,407 |
3.25%, 09/15/49 (a) | 150,000 | 115,536 |
San Diego Gas & Electric Co. | ||
3.60%, 09/01/23 (a) | 100,000 | 100,400 |
2.50%, 05/15/26 (a) | 200,000 | 190,512 |
1.70%, 10/01/30 (a) | 300,000 | 246,834 |
3.75%, 06/01/47 (a) | 275,000 | 233,733 |
4.15%, 05/15/48 (a) | 269,000 | 250,348 |
4.10%, 06/15/49 (a) | 140,000 | 125,026 |
3.32%, 04/15/50 (a) | 150,000 | 116,744 |
3.70%, 03/15/52 (a) | 200,000 | 169,926 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 200,000 | 190,500 |
Southern California Edison Co. | ||
0.70%, 08/01/23 | 200,000 | 194,166 |
3.50%, 10/01/23 (a) | 400,000 | 399,656 |
1.20%, 02/01/26 (a) | 200,000 | 180,000 |
3.65%, 03/01/28 (a) | 100,000 | 94,793 |
4.20%, 03/01/29 (a) | 150,000 | 144,638 |
6.65%, 04/01/29 | 300,000 | 319,980 |
2.85%, 08/01/29 (a) | 200,000 | 177,640 |
2.25%, 06/01/30 (a) | 250,000 | 209,910 |
2.75%, 02/01/32 (a) | 200,000 | 169,676 |
6.00%, 01/15/34 | 200,000 | 214,286 |
5.75%, 04/01/35 | 200,000 | 206,934 |
5.35%, 07/15/35 | 200,000 | 200,720 |
5.55%, 01/15/37 | 200,000 | 201,918 |
5.95%, 02/01/38 | 250,000 | 260,605 |
6.05%, 03/15/39 | 150,000 | 157,497 |
5.50%, 03/15/40 | 250,000 | 247,420 |
4.05%, 03/15/42 (a) | 155,000 | 128,932 |
3.90%, 03/15/43 (a) | 100,000 | 80,650 |
4.65%, 10/01/43 (a) | 350,000 | 317,898 |
3.60%, 02/01/45 (a) | 100,000 | 75,400 |
4.00%, 04/01/47 (a) | 600,000 | 488,394 |
4.13%, 03/01/48 (a) | 450,000 | 372,055 |
4.88%, 03/01/49 (a) | 200,000 | 181,756 |
3.65%, 02/01/50 (a) | 400,000 | 306,904 |
3.45%, 02/01/52 (a) | 200,000 | 149,470 |
Southern Co. | ||
2.95%, 07/01/23 (a) | 550,000 | 543,862 |
0.60%, 02/26/24 (a) | 250,000 | 237,035 |
4.48%, 08/01/24 | 250,000 | 251,115 |
3.25%, 07/01/26 (a) | 700,000 | 671,811 |
3.70%, 04/30/30 (a) | 350,000 | 325,223 |
4.25%, 07/01/36 (a) | 250,000 | 229,810 |
4.40%, 07/01/46 (a) | 500,000 | 436,395 |
4.00%, 01/15/51 (a)(b) | 250,000 | 224,100 |
3.75%, 09/15/51 (a)(b) | 250,000 | 212,425 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southern Power Co. | ||
0.90%, 01/15/26 (a) | 50,000 | 44,671 |
5.15%, 09/15/41 | 400,000 | 380,212 |
4.95%, 12/15/46 (a) | 200,000 | 185,632 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 500,000 | 469,530 |
4.10%, 09/15/28 (a) | 200,000 | 193,636 |
3.90%, 04/01/45 (a) | 100,000 | 80,956 |
3.85%, 02/01/48 (a) | 150,000 | 122,460 |
3.25%, 11/01/51 (a) | 200,000 | 148,192 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 142,109 |
3.40%, 08/15/46 (a) | 100,000 | 78,539 |
3.70%, 08/15/47 (a) | 200,000 | 166,548 |
3.75%, 06/15/49 (a) | 100,000 | 84,399 |
3.15%, 05/01/50 (a) | 250,000 | 192,543 |
Tampa Electric Co. | ||
4.10%, 06/15/42 (a) | 100,000 | 88,927 |
4.30%, 06/15/48 (a) | 300,000 | 275,169 |
3.63%, 06/15/50 (a) | 200,000 | 163,782 |
The Cleveland Electric Illuminating Co. | ||
5.95%, 12/15/36 | 150,000 | 159,804 |
Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 111,266 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 250,000 | 246,095 |
1.50%, 08/01/30 (a) | 300,000 | 240,414 |
4.85%, 12/01/48 (a) | 125,000 | 120,521 |
4.00%, 06/15/50 (a) | 100,000 | 85,071 |
Union Electric Co. | ||
2.95%, 06/15/27 (a) | 44,000 | 42,031 |
3.50%, 03/15/29 (a) | 750,000 | 719,227 |
2.95%, 03/15/30 (a) | 150,000 | 136,845 |
3.90%, 09/15/42 (a) | 115,000 | 101,362 |
3.65%, 04/15/45 (a) | 100,000 | 82,862 |
4.00%, 04/01/48 (a) | 250,000 | 220,770 |
3.25%, 10/01/49 (a) | 150,000 | 117,431 |
2.63%, 03/15/51 (a) | 250,000 | 175,438 |
3.90%, 04/01/52 (a) | 150,000 | 132,975 |
Virginia Electric and Power Co. | ||
3.45%, 02/15/24 (a) | 250,000 | 249,720 |
3.10%, 05/15/25 (a) | 200,000 | 196,986 |
3.15%, 01/15/26 (a) | 250,000 | 243,202 |
2.95%, 11/15/26 (a) | 200,000 | 190,946 |
3.50%, 03/15/27 (a) | 600,000 | 586,638 |
2.88%, 07/15/29 (a) | 150,000 | 137,390 |
2.40%, 03/30/32 (a) | 175,000 | 149,902 |
6.00%, 01/15/36 | 250,000 | 276,622 |
6.00%, 05/15/37 | 350,000 | 388,258 |
8.88%, 11/15/38 | 150,000 | 212,391 |
4.00%, 01/15/43 (a) | 250,000 | 220,215 |
4.45%, 02/15/44 (a) | 250,000 | 233,210 |
4.20%, 05/15/45 (a) | 50,000 | 45,121 |
3.80%, 09/15/47 (a) | 300,000 | 256,947 |
4.60%, 12/01/48 (a) | 250,000 | 241,465 |
3.30%, 12/01/49 (a) | 300,000 | 239,976 |
2.45%, 12/15/50 (a) | 450,000 | 303,160 |
4.63%, 05/15/52 (a) | 175,000 | 170,128 |
WEC Energy Group, Inc. | ||
0.80%, 03/15/24 (a) | 350,000 | 332,958 |
1.38%, 10/15/27 (a) | 250,000 | 217,032 |
1.80%, 10/15/30 (a) | 250,000 | 201,425 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 100,000 | 96,615 |
1.70%, 06/15/28 (a) | 150,000 | 130,859 |
4.30%, 10/15/48 (a) | 125,000 | 115,898 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Wisconsin Power and Light Co. | ||
3.05%, 10/15/27 (a) | 100,000 | 94,943 |
3.00%, 07/01/29 (a) | 250,000 | 232,142 |
3.65%, 04/01/50 (a) | 200,000 | 165,106 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 250,000 | 214,327 |
4.75%, 11/01/44 (a) | 150,000 | 145,706 |
3.30%, 09/01/49 (a) | 200,000 | 159,418 |
Xcel Energy, Inc. | ||
0.50%, 10/15/23 (a) | 350,000 | 336,875 |
3.30%, 06/01/25 (a) | 200,000 | 196,632 |
4.00%, 06/15/28 (a) | 250,000 | 245,115 |
2.60%, 12/01/29 (a) | 200,000 | 175,876 |
3.40%, 06/01/30 (a) | 300,000 | 276,513 |
4.60%, 06/01/32 (a) | 250,000 | 248,470 |
6.50%, 07/01/36 | 140,000 | 159,701 |
3.50%, 12/01/49 (a) | 200,000 | 159,444 |
134,669,426 | ||
Natural Gas 0.1% | ||
AGL Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 96,156 |
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 200,000 | 192,168 |
1.50%, 01/15/31 (a) | 450,000 | 361,192 |
5.50%, 06/15/41 (a) | 150,000 | 159,671 |
4.15%, 01/15/43 (a) | 200,000 | 178,236 |
4.13%, 10/15/44 (a) | 100,000 | 89,754 |
4.30%, 10/01/48 (a) | 200,000 | 186,956 |
4.13%, 03/15/49 (a) | 150,000 | 137,421 |
3.38%, 09/15/49 (a) | 200,000 | 161,648 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 50,000 | 48,912 |
1.75%, 10/01/30 (a) | 200,000 | 162,530 |
5.85%, 01/15/41 (a) | 100,000 | 108,318 |
4.10%, 09/01/47 (a) | 100,000 | 88,824 |
National Grid USA | ||
5.80%, 04/01/35 | 150,000 | 160,233 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 500,000 | 448,805 |
3.49%, 05/15/27 (a) | 225,000 | 215,770 |
2.95%, 09/01/29 (a) | 200,000 | 177,734 |
3.60%, 05/01/30 (a) | 450,000 | 412,830 |
1.70%, 02/15/31 (a) | 200,000 | 156,318 |
5.25%, 02/15/43 (a) | 150,000 | 146,529 |
4.80%, 02/15/44 (a) | 375,000 | 338,797 |
5.65%, 02/01/45 (a) | 300,000 | 300,552 |
4.38%, 05/15/47 (a) | 150,000 | 132,609 |
3.95%, 03/30/48 (a) | 100,000 | 83,034 |
ONE Gas, Inc. | ||
3.61%, 02/01/24 (a) | 100,000 | 100,011 |
1.10%, 03/11/24 (a) | 200,000 | 190,442 |
2.00%, 05/15/30 (a) | 100,000 | 84,016 |
4.66%, 02/01/44 (a) | 200,000 | 181,846 |
4.50%, 11/01/48 (a) | 150,000 | 134,334 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 220,000 | 204,780 |
3.64%, 11/01/46 (a) | 210,000 | 167,488 |
3.35%, 06/01/50 (a) | 150,000 | 112,140 |
5.05%, 05/15/52 (a) | 150,000 | 147,663 |
Sempra Energy | ||
3.25%, 06/15/27 (a) | 350,000 | 332,164 |
3.40%, 02/01/28 (a) | 300,000 | 283,527 |
3.70%, 04/01/29 (a) | 200,000 | 188,288 |
3.80%, 02/01/38 (a) | 250,000 | 211,707 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.00%, 10/15/39 | 250,000 | 264,625 |
4.00%, 02/01/48 (a) | 275,000 | 228,258 |
4.13%, 04/01/52 (a)(b) | 325,000 | 261,414 |
Southern California Gas Co. | ||
3.20%, 06/15/25 (a) | 50,000 | 49,131 |
2.60%, 06/15/26 (a) | 300,000 | 284,886 |
2.95%, 04/15/27 (a) | 200,000 | 189,982 |
2.55%, 02/01/30 (a) | 250,000 | 221,460 |
5.13%, 11/15/40 | 75,000 | 75,492 |
3.75%, 09/15/42 (a) | 150,000 | 126,392 |
4.13%, 06/01/48 (a) | 150,000 | 132,278 |
4.30%, 01/15/49 (a) | 200,000 | 182,346 |
3.95%, 02/15/50 (a) | 100,000 | 86,506 |
Southern Co. Gas Capital Corp. | ||
2.45%, 10/01/23 (a) | 50,000 | 49,328 |
1.75%, 01/15/31 (a) | 250,000 | 197,660 |
5.88%, 03/15/41 (a) | 200,000 | 210,986 |
4.40%, 06/01/43 (a) | 100,000 | 87,483 |
3.95%, 10/01/46 (a) | 300,000 | 246,075 |
4.40%, 05/30/47 (a) | 250,000 | 219,270 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 250,000 | 202,703 |
3.80%, 09/29/46 (a) | 100,000 | 79,338 |
4.15%, 06/01/49 (a) | 150,000 | 125,562 |
3.18%, 08/15/51 (a) | 50,000 | 35,201 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 205,000 | 176,788 |
3.65%, 09/15/49 (a) | 125,000 | 105,086 |
10,721,653 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 300,000 | 296,685 |
2.95%, 09/01/27 (a) | 100,000 | 94,045 |
3.75%, 09/01/28 (a) | 250,000 | 242,097 |
3.45%, 06/01/29 (a) | 150,000 | 141,272 |
2.80%, 05/01/30 (a) | 200,000 | 179,538 |
2.30%, 06/01/31 (a) | 200,000 | 169,480 |
4.45%, 06/01/32 (a) | 250,000 | 248,650 |
6.59%, 10/15/37 | 300,000 | 349,515 |
4.30%, 12/01/42 (a) | 200,000 | 185,680 |
4.00%, 12/01/46 (a) | 115,000 | 100,158 |
3.75%, 09/01/47 (a) | 250,000 | 209,642 |
4.20%, 09/01/48 (a) | 250,000 | 225,392 |
4.15%, 06/01/49 (a) | 200,000 | 177,348 |
3.45%, 05/01/50 (a) | 125,000 | 99,870 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 150,000 | 140,609 |
2.70%, 04/15/30 (a) | 200,000 | 175,324 |
2.40%, 05/01/31 (a) | 50,000 | 41,818 |
4.28%, 05/01/49 (a) | 200,000 | 175,776 |
3.35%, 04/15/50 (a) | 250,000 | 189,490 |
5.30%, 05/01/52 (a) | 100,000 | 101,201 |
Veolia Environnement S.A. | ||
6.75%, 06/01/38 | 100,000 | 119,190 |
3,662,780 | ||
149,053,859 | ||
Total Corporates (Cost $2,016,419,429) | 1,782,122,769 | |
TREASURIES 40.6% OF NET ASSETS | ||
Bonds | ||
6.25%, 08/15/23 | 2,248,000 | 2,334,671 |
7.50%, 11/15/24 | 1,248,000 | 1,376,554 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.63%, 02/15/25 | 1,000,000 | 1,115,820 |
6.88%, 08/15/25 | 1,200,000 | 1,337,250 |
6.00%, 02/15/26 | 1,889,000 | 2,078,343 |
6.75%, 08/15/26 | 1,209,000 | 1,380,338 |
6.50%, 11/15/26 | 1,748,000 | 1,991,423 |
6.63%, 02/15/27 | 1,000,000 | 1,151,250 |
6.38%, 08/15/27 | 1,200,000 | 1,386,328 |
6.13%, 11/15/27 | 2,434,000 | 2,798,149 |
5.50%, 08/15/28 | 1,748,000 | 1,982,956 |
5.25%, 11/15/28 | 2,248,000 | 2,530,054 |
5.25%, 02/15/29 | 474,000 | 536,027 |
6.13%, 08/15/29 | 1,544,000 | 1,849,181 |
6.25%, 05/15/30 | 2,131,000 | 2,611,640 |
5.38%, 02/15/31 | 2,594,000 | 3,055,246 |
4.50%, 02/15/36 | 3,394,000 | 3,994,049 |
4.75%, 02/15/37 | 2,182,000 | 2,636,811 |
5.00%, 05/15/37 | 1,248,000 | 1,543,328 |
4.38%, 02/15/38 | 1,296,000 | 1,509,536 |
4.50%, 05/15/38 | 2,096,000 | 2,473,280 |
3.50%, 02/15/39 | 2,472,000 | 2,584,785 |
4.25%, 05/15/39 | 3,146,000 | 3,596,763 |
4.50%, 08/15/39 | 3,846,000 | 4,526,261 |
4.38%, 11/15/39 | 4,625,000 | 5,347,295 |
4.63%, 02/15/40 | 3,955,000 | 4,711,394 |
1.13%, 05/15/40 | 12,400,000 | 8,640,281 |
4.38%, 05/15/40 | 4,194,000 | 4,838,172 |
1.13%, 08/15/40 | 15,300,000 | 10,577,320 |
3.88%, 08/15/40 | 4,494,000 | 4,848,605 |
1.38%, 11/15/40 | 15,900,000 | 11,456,695 |
4.25%, 11/15/40 | 4,253,000 | 4,809,545 |
1.88%, 02/15/41 | 20,100,000 | 15,775,359 |
4.75%, 02/15/41 | 4,292,000 | 5,174,207 |
2.25%, 05/15/41 | 17,900,000 | 14,939,508 |
4.38%, 05/15/41 | 3,944,000 | 4,520,810 |
1.75%, 08/15/41 | 23,100,000 | 17,575,852 |
3.75%, 08/15/41 | 3,817,000 | 4,013,814 |
2.00%, 11/15/41 | 19,500,000 | 15,490,312 |
3.13%, 11/15/41 | 4,344,000 | 4,172,276 |
2.38%, 02/15/42 | 15,000,000 | 12,720,703 |
3.13%, 02/15/42 | 4,582,000 | 4,390,487 |
3.00%, 05/15/42 | 3,998,000 | 3,749,374 |
3.25%, 05/15/42 | 9,500,000 | 9,274,375 |
2.75%, 08/15/42 | 5,391,000 | 4,838,423 |
2.75%, 11/15/42 | 6,408,000 | 5,741,668 |
3.13%, 02/15/43 | 6,286,000 | 5,977,102 |
2.88%, 05/15/43 | 9,131,000 | 8,331,324 |
3.63%, 08/15/43 | 7,017,000 | 7,206,130 |
3.75%, 11/15/43 | 7,250,000 | 7,588,145 |
3.63%, 02/15/44 | 6,927,000 | 7,110,457 |
3.38%, 05/15/44 | 5,794,000 | 5,722,933 |
3.13%, 08/15/44 | 7,882,000 | 7,473,737 |
3.00%, 11/15/44 | 7,136,000 | 6,617,525 |
2.50%, 02/15/45 | 9,382,000 | 7,966,637 |
3.00%, 05/15/45 | 4,034,000 | 3,745,317 |
2.88%, 08/15/45 | 6,332,000 | 5,757,173 |
3.00%, 11/15/45 | 2,382,000 | 2,215,632 |
2.50%, 02/15/46 | 6,886,000 | 5,845,031 |
2.50%, 05/15/46 | 7,482,000 | 6,348,009 |
2.25%, 08/15/46 | 9,978,000 | 8,052,558 |
2.88%, 11/15/46 | 4,219,000 | 3,849,178 |
3.00%, 02/15/47 | 7,484,000 | 6,992,863 |
3.00%, 05/15/47 | 5,238,000 | 4,899,576 |
2.75%, 08/15/47 | 8,980,000 | 8,034,294 |
2.75%, 11/15/47 | 10,528,000 | 9,434,075 |
3.00%, 02/15/48 | 10,734,000 | 10,117,634 |
3.13%, 05/15/48 | 12,120,000 | 11,730,834 |
3.00%, 08/15/48 | 12,928,000 | 12,221,000 |
3.38%, 11/15/48 | 12,784,000 | 12,996,734 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 02/15/49 | 14,376,000 | 13,709,987 |
2.88%, 05/15/49 | 14,476,000 | 13,504,525 |
2.25%, 08/15/49 | 13,276,000 | 10,898,766 |
2.38%, 11/15/49 | 13,278,000 | 11,218,873 |
2.00%, 02/15/50 | 15,698,000 | 12,174,535 |
1.25%, 05/15/50 | 18,300,000 | 11,649,094 |
1.38%, 08/15/50 | 21,800,000 | 14,357,344 |
1.63%, 11/15/50 | 20,400,000 | 14,353,313 |
1.88%, 02/15/51 | 23,300,000 | 17,487,742 |
2.38%, 05/15/51 | 22,900,000 | 19,339,766 |
2.00%, 08/15/51 | 22,500,000 | 17,398,828 |
1.88%, 11/15/51 | 21,300,000 | 15,991,641 |
2.25%, 02/15/52 | 19,450,000 | 16,011,301 |
2.88%, 05/15/52 | 13,500,000 | 12,751,172 |
Notes | ||
0.13%, 08/15/23 | 12,700,000 | 12,304,861 |
2.50%, 08/15/23 | 13,152,000 | 13,089,066 |
0.13%, 08/31/23 | 20,000,000 | 19,358,594 |
1.38%, 08/31/23 | 8,392,000 | 8,241,698 |
2.75%, 08/31/23 | 7,994,000 | 7,977,606 |
0.13%, 09/15/23 | 12,800,000 | 12,376,500 |
0.25%, 09/30/23 | 20,000,000 | 19,347,656 |
1.38%, 09/30/23 | 8,642,000 | 8,477,431 |
2.88%, 09/30/23 | 9,172,000 | 9,166,088 |
0.13%, 10/15/23 | 13,600,000 | 13,117,359 |
0.38%, 10/31/23 | 19,000,000 | 18,364,316 |
1.63%, 10/31/23 | 7,740,000 | 7,607,725 |
2.88%, 10/31/23 | 9,486,000 | 9,477,848 |
0.25%, 11/15/23 | 15,900,000 | 15,324,246 |
2.75%, 11/15/23 | 18,978,000 | 18,926,848 |
0.50%, 11/30/23 | 20,000,000 | 19,325,391 |
2.13%, 11/30/23 | 9,234,000 | 9,130,298 |
2.88%, 11/30/23 | 7,776,000 | 7,767,951 |
0.13%, 12/15/23 | 14,700,000 | 14,109,990 |
0.75%, 12/31/23 | 18,000,000 | 17,416,406 |
2.25%, 12/31/23 | 8,342,000 | 8,255,158 |
2.63%, 12/31/23 | 8,776,000 | 8,734,177 |
0.13%, 01/15/24 | 14,900,000 | 14,267,332 |
0.88%, 01/31/24 | 18,000,000 | 17,420,625 |
2.25%, 01/31/24 | 8,194,000 | 8,103,418 |
2.50%, 01/31/24 | 10,970,000 | 10,890,725 |
0.13%, 02/15/24 | 19,000,000 | 18,155,762 |
2.75%, 02/15/24 | 16,595,000 | 16,541,844 |
1.50%, 02/29/24 | 16,900,000 | 16,503,906 |
2.13%, 02/29/24 | 6,738,000 | 6,648,248 |
2.38%, 02/29/24 | 9,982,000 | 9,889,783 |
0.25%, 03/15/24 | 18,300,000 | 17,475,070 |
2.13%, 03/31/24 | 12,418,000 | 12,239,006 |
2.25%, 03/31/24 | 16,000,000 | 15,800,312 |
0.38%, 04/15/24 | 14,000,000 | 13,368,086 |
2.00%, 04/30/24 | 7,994,000 | 7,856,447 |
2.25%, 04/30/24 | 10,574,000 | 10,439,140 |
2.50%, 04/30/24 | 15,000,000 | 14,871,973 |
0.25%, 05/15/24 | 15,000,000 | 14,259,668 |
2.50%, 05/15/24 | 19,098,000 | 18,932,758 |
2.00%, 05/31/24 | 12,668,000 | 12,440,867 |
2.50%, 05/31/24 | 16,000,000 | 15,858,750 |
0.25%, 06/15/24 | 15,000,000 | 14,227,441 |
1.75%, 06/30/24 | 11,032,000 | 10,769,559 |
2.00%, 06/30/24 | 7,940,000 | 7,791,590 |
3.00%, 06/30/24 | 14,000,000 | 14,009,023 |
0.38%, 07/15/24 | 13,900,000 | 13,187,082 |
1.75%, 07/31/24 | 10,078,000 | 9,828,018 |
2.13%, 07/31/24 | 6,488,000 | 6,376,488 |
0.38%, 08/15/24 | 17,000,000 | 16,083,594 |
2.38%, 08/15/24 | 17,768,000 | 17,538,265 |
1.25%, 08/31/24 | 9,186,000 | 8,851,931 |
1.88%, 08/31/24 | 7,490,000 | 7,315,038 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.38%, 09/15/24 | 19,000,000 | 17,934,961 |
1.50%, 09/30/24 | 8,982,000 | 8,690,436 |
2.13%, 09/30/24 | 5,784,000 | 5,678,261 |
0.63%, 10/15/24 | 18,500,000 | 17,530,918 |
1.50%, 10/31/24 | 9,480,000 | 9,160,420 |
2.25%, 10/31/24 | 7,038,000 | 6,920,333 |
0.75%, 11/15/24 | 16,800,000 | 15,931,125 |
2.25%, 11/15/24 | 17,870,000 | 17,575,424 |
1.50%, 11/30/24 | 9,480,000 | 9,147,089 |
2.13%, 11/30/24 | 5,988,000 | 5,865,199 |
1.00%, 12/15/24 | 17,000,000 | 16,191,836 |
1.75%, 12/31/24 | 9,982,000 | 9,675,911 |
2.25%, 12/31/24 | 7,988,000 | 7,841,969 |
1.13%, 01/15/25 | 16,000,000 | 15,260,000 |
1.38%, 01/31/25 | 8,696,000 | 8,341,366 |
2.50%, 01/31/25 | 7,488,000 | 7,390,890 |
1.50%, 02/15/25 | 14,000,000 | 13,457,500 |
2.00%, 02/15/25 | 16,486,000 | 16,068,054 |
1.13%, 02/28/25 | 9,998,000 | 9,517,627 |
2.75%, 02/28/25 | 7,890,000 | 7,835,140 |
1.75%, 03/15/25 | 14,000,000 | 13,537,344 |
0.50%, 03/31/25 | 12,200,000 | 11,387,938 |
2.63%, 03/31/25 | 4,724,000 | 4,677,129 |
2.63%, 04/15/25 | 14,000,000 | 13,849,609 |
0.38%, 04/30/25 | 10,900,000 | 10,117,414 |
2.88%, 04/30/25 | 6,986,000 | 6,957,619 |
2.13%, 05/15/25 | 14,880,400 | 14,519,434 |
2.75%, 05/15/25 | 12,500,000 | 12,405,274 |
0.25%, 05/31/25 | 12,700,000 | 11,720,711 |
2.88%, 05/31/25 | 6,788,000 | 6,760,159 |
2.88%, 06/15/25 | 14,000,000 | 13,945,859 |
0.25%, 06/30/25 | 13,500,000 | 12,431,074 |
2.75%, 06/30/25 | 4,988,000 | 4,949,811 |
0.25%, 07/31/25 | 14,100,000 | 12,947,215 |
2.88%, 07/31/25 | 5,386,000 | 5,362,226 |
2.00%, 08/15/25 | 17,168,000 | 16,638,877 |
0.25%, 08/31/25 | 13,900,000 | 12,730,445 |
2.75%, 08/31/25 | 6,236,000 | 6,181,679 |
0.25%, 09/30/25 | 16,300,000 | 14,893,488 |
3.00%, 09/30/25 | 6,682,000 | 6,673,648 |
0.25%, 10/31/25 | 16,800,000 | 15,312,938 |
3.00%, 10/31/25 | 5,688,000 | 5,680,446 |
2.25%, 11/15/25 | 18,072,000 | 17,606,787 |
0.38%, 11/30/25 | 15,600,000 | 14,251,453 |
2.88%, 11/30/25 | 7,682,000 | 7,637,588 |
0.38%, 12/31/25 | 15,800,000 | 14,399,602 |
2.63%, 12/31/25 | 6,486,000 | 6,397,071 |
0.38%, 01/31/26 | 18,100,000 | 16,458,981 |
2.63%, 01/31/26 | 7,938,000 | 7,825,442 |
1.63%, 02/15/26 | 16,672,000 | 15,854,030 |
0.50%, 02/28/26 | 19,000,000 | 17,321,172 |
2.50%, 02/28/26 | 8,476,000 | 8,315,420 |
0.75%, 03/31/26 | 18,000,000 | 16,537,500 |
2.25%, 03/31/26 | 7,086,000 | 6,886,706 |
0.75%, 04/30/26 | 16,300,000 | 14,944,426 |
2.38%, 04/30/26 | 6,084,000 | 5,939,267 |
1.63%, 05/15/26 | 16,285,000 | 15,437,035 |
0.75%, 05/31/26 | 18,500,000 | 16,928,945 |
2.13%, 05/31/26 | 8,388,000 | 8,104,905 |
0.88%, 06/30/26 | 16,000,000 | 14,690,000 |
1.88%, 06/30/26 | 7,984,000 | 7,637,507 |
0.63%, 07/31/26 | 17,500,000 | 15,872,363 |
1.88%, 07/31/26 | 6,284,000 | 6,003,675 |
1.50%, 08/15/26 | 16,724,000 | 15,709,454 |
0.75%, 08/31/26 | 19,000,000 | 17,295,195 |
1.38%, 08/31/26 | 5,986,000 | 5,595,975 |
0.88%, 09/30/26 | 16,200,000 | 14,797,688 |
1.63%, 09/30/26 | 5,990,000 | 5,651,425 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.13%, 10/31/26 | 17,500,000 | 16,132,129 |
1.63%, 10/31/26 | 7,584,000 | 7,144,365 |
2.00%, 11/15/26 | 14,582,000 | 13,945,177 |
1.25%, 11/30/26 | 18,000,000 | 16,670,391 |
1.63%, 11/30/26 | 7,286,000 | 6,857,663 |
1.25%, 12/31/26 | 18,000,000 | 16,640,156 |
1.75%, 12/31/26 | 5,490,000 | 5,191,910 |
1.50%, 01/31/27 | 23,190,000 | 21,653,662 |
2.25%, 02/15/27 | 13,626,000 | 13,141,106 |
1.13%, 02/28/27 | 4,300,000 | 3,940,379 |
1.88%, 02/28/27 | 15,500,000 | 14,715,918 |
0.63%, 03/31/27 | 6,600,000 | 5,891,789 |
2.50%, 03/31/27 | 16,000,000 | 15,613,750 |
0.50%, 04/30/27 | 10,350,000 | 9,161,771 |
2.75%, 04/30/27 | 15,000,000 | 14,799,609 |
2.38%, 05/15/27 | 15,420,000 | 14,930,295 |
0.50%, 05/31/27 | 6,700,000 | 5,917,723 |
2.63%, 05/31/27 | 14,000,000 | 13,736,953 |
0.50%, 06/30/27 | 11,400,000 | 10,048,922 |
3.25%, 06/30/27 | 15,000,000 | 15,148,828 |
0.38%, 07/31/27 | 13,600,000 | 11,888,844 |
2.25%, 08/15/27 | 13,272,000 | 12,747,860 |
0.50%, 08/31/27 | 11,000,000 | 9,654,648 |
0.38%, 09/30/27 | 15,000,000 | 13,048,828 |
0.50%, 10/31/27 | 14,700,000 | 12,844,699 |
2.25%, 11/15/27 | 14,074,000 | 13,495,647 |
0.63%, 11/30/27 | 14,700,000 | 12,911,309 |
0.63%, 12/31/27 | 17,900,000 | 15,687,672 |
0.75%, 01/31/28 | 18,200,000 | 16,033,773 |
2.75%, 02/15/28 | 18,822,000 | 18,494,821 |
1.13%, 02/29/28 | 18,300,000 | 16,458,562 |
1.25%, 03/31/28 | 17,000,000 | 15,361,758 |
1.25%, 04/30/28 | 18,600,000 | 16,782,867 |
2.88%, 05/15/28 | 18,770,000 | 18,555,905 |
1.25%, 05/31/28 | 18,000,000 | 16,217,578 |
1.25%, 06/30/28 | 15,700,000 | 14,125,707 |
1.00%, 07/31/28 | 17,500,000 | 15,482,031 |
2.88%, 08/15/28 | 18,868,000 | 18,640,994 |
1.13%, 08/31/28 | 16,000,000 | 14,242,500 |
1.25%, 09/30/28 | 17,700,000 | 15,856,019 |
1.38%, 10/31/28 | 15,500,000 | 13,977,852 |
3.13%, 11/15/28 | 16,714,000 | 16,751,215 |
1.50%, 11/30/28 | 15,000,000 | 13,624,219 |
1.38%, 12/31/28 | 15,000,000 | 13,522,266 |
1.75%, 01/31/29 | 11,800,000 | 10,882,734 |
2.63%, 02/15/29 | 14,666,000 | 14,281,018 |
1.88%, 02/28/29 | 12,500,000 | 11,623,047 |
2.38%, 03/31/29 | 12,400,000 | 11,873,969 |
2.88%, 04/30/29 | 11,000,000 | 10,874,531 |
2.38%, 05/15/29 | 15,058,000 | 14,429,799 |
2.75%, 05/31/29 | 12,000,000 | 11,768,438 |
3.25%, 06/30/29 | 12,000,000 | 12,143,438 |
1.63%, 08/15/29 | 13,666,000 | 12,445,669 |
1.75%, 11/15/29 | 9,766,000 | 8,964,120 |
1.50%, 02/15/30 | 17,398,000 | 15,631,016 |
0.63%, 05/15/30 | 24,700,000 | 20,605,203 |
0.63%, 08/15/30 (h) | 31,900,000 | 26,454,570 |
0.88%, 11/15/30 (h) | 33,800,000 | 28,542,516 |
1.13%, 02/15/31 (h) | 33,800,000 | 29,046,875 |
1.63%, 05/15/31 | 34,400,000 | 30,739,625 |
1.25%, 08/15/31 (h) | 41,500,000 | 35,728,906 |
1.38%, 11/15/31 | 41,300,000 | 35,827,750 |
1.88%, 02/15/32 (h) | 40,300,000 | 36,512,430 |
2.88%, 05/15/32 | 24,250,000 | 23,982,871 |
Total Treasuries (Cost $3,290,927,604) | 3,056,749,268 | |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
GOVERNMENT RELATED 5.3% OF NET ASSETS | ||
Agency 2.0% | ||
Foreign 0.7% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
1.63%, 09/17/22 | 250,000 | 249,762 |
2.88%, 03/13/23 | 650,000 | 650,949 |
1.50%, 02/12/25 | 700,000 | 672,273 |
0.38%, 09/17/25 | 500,000 | 458,035 |
0.50%, 02/02/26 | 500,000 | 455,080 |
2,486,099 | ||
Canada 0.0% | ||
Export Development Canada | ||
2.75%, 03/15/23 | 450,000 | 450,009 |
2.63%, 02/21/24 | 240,000 | 238,426 |
688,435 | ||
China 0.0% | ||
Industrial & Commercial Bank of China Ltd. | ||
2.96%, 11/08/22 | 250,000 | 249,767 |
3.54%, 11/08/27 | 250,000 | 248,038 |
497,805 | ||
Germany 0.3% | ||
FMS Wertmanagement | ||
2.75%, 03/06/23 (i) | 275,000 | 274,989 |
2.75%, 01/30/24 (i) | 700,000 | 696,703 |
Kreditanstalt Fuer Wiederaufbau | ||
2.00%, 10/04/22 (i) | 750,000 | 749,602 |
2.38%, 12/29/22 (i) | 900,000 | 898,758 |
2.13%, 01/17/23 (i) | 400,000 | 398,920 |
2.63%, 02/28/24 (i) | 1,700,000 | 1,688,695 |
0.25%, 03/08/24 (i) | 1,500,000 | 1,431,780 |
1.38%, 08/05/24 (i) | 1,400,000 | 1,353,478 |
0.50%, 09/20/24 (i) | 2,000,000 | 1,891,500 |
2.50%, 11/20/24 (i) | 2,200,000 | 2,171,488 |
1.25%, 01/31/25 (i) | 1,750,000 | 1,671,740 |
0.38%, 07/18/25 (i) | 1,550,000 | 1,427,488 |
0.63%, 01/22/26 (i) | 1,750,000 | 1,602,597 |
1.00%, 10/01/26 (i) | 1,000,000 | 916,160 |
2.88%, 04/03/28 (i) | 1,100,000 | 1,083,093 |
1.75%, 09/14/29 (i) | 700,000 | 637,770 |
0.75%, 09/30/30 (i) | 700,000 | 580,489 |
0.00%, 04/18/36 (i)(j) | 250,000 | 158,570 |
0.00%, 06/29/37 (i)(j) | 850,000 | 511,369 |
Landwirtschaftliche Rentenbank | ||
3.13%, 11/14/23 (i) | 550,000 | 550,858 |
2.00%, 01/13/25 (i) | 1,150,000 | 1,120,744 |
2.38%, 06/10/25 (i) | 600,000 | 587,244 |
0.88%, 03/30/26 (i) | 500,000 | 459,485 |
1.75%, 07/27/26 (i) | 500,000 | 473,575 |
2.50%, 11/15/27 (i) | 500,000 | 482,310 |
0.88%, 09/03/30 (i) | 750,000 | 627,563 |
24,446,968 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
2.38%, 11/16/22 | 500,000 | 499,810 |
0.63%, 05/22/23 | 250,000 | 245,190 |
3.25%, 07/20/23 | 800,000 | 801,920 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.38%, 09/15/23 | 150,000 | 145,350 |
3.38%, 10/31/23 | 350,000 | 351,312 |
2.50%, 05/23/24 | 1,150,000 | 1,135,360 |
1.75%, 10/17/24 | 300,000 | 290,820 |
2.50%, 05/28/25 | 200,000 | 195,890 |
0.63%, 07/15/25 | 700,000 | 646,870 |
1.88%, 07/21/26 | 350,000 | 330,838 |
2.25%, 11/04/26 | 1,400,000 | 1,338,414 |
2.88%, 06/01/27 | 1,450,000 | 1,416,157 |
2.88%, 07/21/27 | 650,000 | 634,166 |
2.75%, 11/16/27 | 700,000 | 676,501 |
3.25%, 07/20/28 | 400,000 | 397,360 |
3.50%, 10/31/28 | 350,000 | 350,483 |
2.13%, 02/16/29 | 400,000 | 369,444 |
2.00%, 10/17/29 | 700,000 | 636,125 |
1.25%, 01/21/31 | 250,000 | 210,833 |
1.88%, 04/15/31 | 1,250,000 | 1,103,562 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 190,306 |
2.75%, 04/27/27 | 200,000 | 193,868 |
1.00%, 07/22/30 | 370,000 | 306,497 |
1.75%, 04/28/31 | 350,000 | 304,924 |
12,772,000 | ||
Norway 0.1% | ||
Equinor A.S.A. | ||
2.65%, 01/15/24 | 450,000 | 446,107 |
3.70%, 03/01/24 | 550,000 | 552,942 |
3.25%, 11/10/24 | 150,000 | 149,304 |
2.88%, 04/06/25 (a) | 450,000 | 442,251 |
1.75%, 01/22/26 (a) | 250,000 | 233,338 |
3.00%, 04/06/27 (a) | 150,000 | 144,506 |
7.25%, 09/23/27 | 50,000 | 57,205 |
3.63%, 09/10/28 (a) | 250,000 | 244,787 |
3.13%, 04/06/30 (a) | 450,000 | 417,460 |
2.38%, 05/22/30 (a) | 250,000 | 219,643 |
3.63%, 04/06/40 (a) | 200,000 | 176,306 |
4.25%, 11/23/41 | 200,000 | 189,284 |
3.95%, 05/15/43 | 300,000 | 268,893 |
4.80%, 11/08/43 | 260,000 | 261,251 |
3.25%, 11/18/49 (a) | 350,000 | 279,853 |
3.70%, 04/06/50 (a) | 450,000 | 389,142 |
4,472,272 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
2.38%, 06/25/24 | 450,000 | 442,665 |
1.25%, 01/18/25 | 300,000 | 283,896 |
2.88%, 01/21/25 | 700,000 | 689,864 |
1.88%, 02/12/25 | 200,000 | 192,050 |
3.25%, 11/10/25 | 750,000 | 743,182 |
2.63%, 05/26/26 | 250,000 | 242,185 |
3.25%, 08/12/26 | 200,000 | 198,046 |
1.13%, 12/29/26 | 550,000 | 495,973 |
1.63%, 01/18/27 | 300,000 | 275,625 |
2.38%, 04/21/27 | 250,000 | 236,950 |
1.25%, 09/21/30 | 700,000 | 578,284 |
2.13%, 01/18/32 | 350,000 | 302,271 |
Korea Development Bank | ||
3.75%, 01/22/24 | 300,000 | 302,247 |
0.40%, 03/09/24 | 200,000 | 190,650 |
2.13%, 10/01/24 | 350,000 | 340,889 |
3.38%, 09/16/25 | 500,000 | 498,040 |
3.00%, 01/13/26 | 200,000 | 196,936 |
0.80%, 07/19/26 | 400,000 | 359,512 |
1.00%, 09/09/26 | 250,000 | 225,810 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 09/12/26 | 350,000 | 329,553 |
1.63%, 01/19/31 | 450,000 | 379,728 |
2.00%, 10/25/31 | 250,000 | 213,518 |
7,717,874 | ||
Sweden 0.0% | ||
Svensk Exportkredit AB | ||
2.88%, 03/14/23 | 200,000 | 200,124 |
0.75%, 04/06/23 | 600,000 | 591,108 |
0.50%, 11/10/23 | 500,000 | 483,295 |
1.75%, 12/12/23 | 500,000 | 491,165 |
0.38%, 03/11/24 | 500,000 | 477,530 |
0.38%, 07/30/24 | 350,000 | 331,405 |
0.63%, 10/07/24 | 200,000 | 189,152 |
0.63%, 05/14/25 | 500,000 | 465,210 |
0.50%, 08/26/25 | 300,000 | 275,877 |
2.25%, 03/22/27 | 350,000 | 334,176 |
3,839,042 | ||
56,920,495 | ||
U.S. 1.3% | ||
Fannie Mae | ||
0.25%, 07/10/23 | 3,000,000 | 2,914,590 |
2.88%, 09/12/23 | 3,000,000 | 3,000,030 |
0.25%, 11/27/23 | 2,000,000 | 1,927,480 |
2.50%, 02/05/24 | 4,500,000 | 4,469,040 |
1.63%, 01/07/25 | 1,000,000 | 965,950 |
0.50%, 06/17/25 | 2,500,000 | 2,319,875 |
0.38%, 08/25/25 | 3,500,000 | 3,216,220 |
0.50%, 11/07/25 | 4,000,000 | 3,672,640 |
2.13%, 04/24/26 | 6,000,000 | 5,796,360 |
0.75%, 10/08/27 | 5,000,000 | 4,433,600 |
7.13%, 01/15/30 | 527,000 | 662,660 |
7.25%, 05/15/30 | 1,000,000 | 1,272,790 |
0.88%, 08/05/30 | 1,000,000 | 827,600 |
6.63%, 11/15/30 | 2,700,000 | 3,337,902 |
5.63%, 07/15/37 | 1,500,000 | 1,833,240 |
Federal Farm Credit Banks Funding Corp. | ||
0.20%, 10/02/23 | 1,000,000 | 967,420 |
0.25%, 02/26/24 | 800,000 | 765,928 |
3.10%, 06/28/24 | 2,000,000 | 2,001,460 |
Federal Home Loan Banks | ||
2.50%, 02/13/24 | 1,600,000 | 1,588,640 |
2.13%, 02/28/24 | 1,500,000 | 1,479,450 |
2.88%, 06/14/24 | 1,075,000 | 1,070,980 |
1.50%, 08/15/24 | 2,000,000 | 1,940,820 |
5.38%, 08/15/24 | 1,750,000 | 1,830,780 |
0.50%, 04/14/25 | 2,000,000 | 1,865,540 |
0.50%, 06/13/25 | 2,000,000 | 1,856,360 |
0.38%, 09/04/25 | 1,000,000 | 919,600 |
3.25%, 11/16/28 | 5,000,000 | 5,026,250 |
5.50%, 07/15/36 | 400,000 | 483,260 |
Freddie Mac | ||
0.25%, 08/24/23 | 6,000,000 | 5,819,700 |
0.25%, 09/08/23 | 3,000,000 | 2,907,300 |
0.13%, 10/16/23 | 3,000,000 | 2,894,610 |
0.25%, 11/06/23 | 2,500,000 | 2,412,525 |
0.25%, 12/04/23 | 3,000,000 | 2,887,170 |
1.50%, 02/12/25 | 5,000,000 | 4,808,000 |
0.38%, 07/21/25 | 3,000,000 | 2,766,840 |
0.38%, 09/23/25 | 3,000,000 | 2,752,260 |
6.75%, 09/15/29 | 500,000 | 615,540 |
6.75%, 03/15/31 | 1,564,000 | 1,961,068 |
6.25%, 07/15/32 | 700,000 | 869,218 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tennessee Valley Authority | ||
2.88%, 09/15/24 | 2,000,000 | 1,989,760 |
6.75%, 11/01/25 | 488,000 | 544,086 |
2.88%, 02/01/27 | 500,000 | 494,015 |
5.25%, 09/15/39 | 750,000 | 854,393 |
4.63%, 09/15/60 | 100,000 | 113,089 |
97,136,039 | ||
154,056,534 | ||
Local Authority 0.9% | ||
Foreign 0.3% | ||
Canada 0.3% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 810,000 | 881,863 |
Province of Alberta | ||
3.35%, 11/01/23 | 646,000 | 647,964 |
2.95%, 01/23/24 | 500,000 | 498,825 |
1.88%, 11/13/24 | 700,000 | 679,273 |
1.00%, 05/20/25 | 200,000 | 188,002 |
3.30%, 03/15/28 | 750,000 | 744,247 |
1.30%, 07/22/30 | 850,000 | 722,330 |
Province of British Columbia | ||
1.75%, 09/27/24 | 500,000 | 486,045 |
2.25%, 06/02/26 | 500,000 | 481,285 |
0.90%, 07/20/26 | 600,000 | 546,288 |
1.30%, 01/29/31 (e) | 750,000 | 634,057 |
Province of Manitoba | ||
2.60%, 04/16/24 | 250,000 | 247,805 |
3.05%, 05/14/24 | 250,000 | 249,550 |
2.13%, 06/22/26 | 300,000 | 286,197 |
1.50%, 10/25/28 | 250,000 | 222,770 |
Province of New Brunswick | ||
3.63%, 02/24/28 | 100,000 | 101,203 |
Province of Ontario | ||
3.40%, 10/17/23 | 800,000 | 803,304 |
3.05%, 01/29/24 | 1,100,000 | 1,099,901 |
3.20%, 05/16/24 | 550,000 | 550,385 |
0.63%, 01/21/26 | 750,000 | 683,805 |
1.05%, 04/14/26 | 750,000 | 690,465 |
2.50%, 04/27/26 | 600,000 | 582,276 |
2.30%, 06/15/26 | 550,000 | 529,249 |
1.05%, 05/21/27 | 400,000 | 358,352 |
2.00%, 10/02/29 | 400,000 | 362,932 |
1.13%, 10/07/30 | 500,000 | 417,455 |
1.60%, 02/25/31 | 500,000 | 430,535 |
1.80%, 10/14/31 | 500,000 | 432,235 |
Province of Quebec | ||
7.50%, 07/15/23 | 150,000 | 156,867 |
7.13%, 02/09/24 | 500,000 | 529,840 |
2.50%, 04/09/24 | 200,000 | 197,818 |
2.88%, 10/16/24 | 600,000 | 596,970 |
1.50%, 02/11/25 | 900,000 | 863,721 |
0.60%, 07/23/25 | 1,050,000 | 970,725 |
2.50%, 04/20/26 | 300,000 | 291,501 |
2.75%, 04/12/27 | 500,000 | 487,585 |
7.50%, 09/15/29 | 468,000 | 584,111 |
1.35%, 05/28/30 | 400,000 | 342,736 |
1.90%, 04/21/31 | 300,000 | 265,329 |
19,845,801 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
U.S. 0.6% | ||
Alameda County Joint Powers Authority | ||
RB (Build America Bonds) Series 2010 | ||
7.05%, 12/01/44 | 105,000 | 136,610 |
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
5.94%, 02/15/47 | 200,000 | 234,099 |
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 480,000 | 557,606 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 362,814 |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 500,000 | 639,685 |
RB (Build America Bonds) Series 2010S1 | ||
7.04%, 04/01/50 | 300,000 | 417,388 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 350,000 | 487,625 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 1,250,000 | 1,605,899 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 1,400,000 | 1,905,081 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 950,000 | 1,232,296 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 615,000 | 803,773 |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47 (a) | 100,000 | 92,706 |
Series B | ||
2.72%, 11/01/52 | 400,000 | 299,274 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 150,000 | 179,884 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 150,891 |
Series C | ||
4.57%, 01/01/54 | 50,000 | 50,791 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 445,000 | 528,175 |
RB (Pension Funding) Series 2008B | ||
6.90%, 12/01/40 | 200,000 | 240,235 |
City of Atlanta GA Water & Wastewater Revenue | ||
2.26%, 11/01/35 (a) | 125,000 | 101,484 |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 255,000 | 240,570 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
2.91%, 02/01/48 (a) | 125,000 | 96,235 |
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 150,000 | 173,877 |
RB Series 2012 | ||
4.43%, 02/01/42 | 200,000 | 202,185 |
City of San Francisco CA Public Utilities Commission Water Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.95%, 11/01/50 | 150,000 | 197,117 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series A | ||
3.30%, 11/01/39 (a) | 250,000 | 212,875 |
City of Tucson AZ | ||
Series A, (AGM) | ||
2.86%, 07/01/47 | 650,000 | 493,037 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 215,000 | 209,424 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 112,815 |
GO (Build America Bonds) Series 2010D | ||
4.50%, 08/01/31 | 400,000 | 415,420 |
Series D | ||
2.66%, 09/01/39 | 144,059 | 121,635 |
Series D | ||
2.81%, 09/01/43 | 150,000 | 119,391 |
Series H | ||
2.90%, 09/01/49 | 300,000 | 236,056 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 200,000 | 226,448 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 700,000 | 785,836 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 350,000 | 448,416 |
County of Cook IL | ||
GO (Build America Bonds) Series D | ||
6.23%, 11/15/34 | 50,000 | 57,568 |
County of Miami-Dade FL Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42 (a) | 150,000 | 125,895 |
Dallas Area Rapid Transit | ||
RB (Build America Bonds) Series 2010 | ||
5.02%, 12/01/48 | 250,000 | 272,986 |
Series B | ||
6.00%, 12/01/44 | 300,000 | 363,997 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 150,000 | 171,315 |
Dallas Fort Worth International Airport | ||
Series A | ||
2.99%, 11/01/38 | 150,000 | 130,016 |
Series A | ||
3.14%, 11/01/45 | 20,000 | 16,590 |
Series C | ||
3.09%, 11/01/40 (a) | 160,000 | 133,819 |
Dallas Independent School District | ||
GO (Build America Bonds) Series 2010C | ||
6.45%, 02/15/35 (a) | 350,000 | 368,368 |
Dallas/Fort Worth International Airport | ||
RB Series 2020C | ||
2.92%, 11/01/50 | 150,000 | 118,028 |
District of Columbia | ||
Series E | ||
5.59%, 12/01/34 | 350,000 | 391,542 |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 185,000 | 182,136 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
East Bay Municipal Utility District Water System Revenue | ||
Water System RB (Build America Bonds) Series 2010 | ||
5.87%, 06/01/40 | 50,000 | 59,281 |
Florida State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 350,000 | 327,315 |
Series A | ||
1.71%, 07/01/27 | 350,000 | 318,535 |
Series A | ||
2.15%, 07/01/30 | 350,000 | 304,589 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
4.09%, 01/15/49 (a) | 100,000 | 86,461 |
Series A | ||
3.92%, 01/15/53 (a) | 100,000 | 86,944 |
Golden State Tobacco Securitization Corp. | ||
3.00%, 06/01/46 | 175,000 | 156,412 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 200,000 | 221,936 |
Series B | ||
3.24%, 10/01/52 (a) | 300,000 | 241,227 |
Illinois | ||
4.95%, 06/01/23 | 150,000 | 151,140 |
GO (Build America Bonds) Series 2010 | ||
6.63%, 02/01/35 | 150,000 | 159,617 |
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 125,000 | 133,333 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 2,745,000 | 2,759,406 |
JobsOhio Beverage System | ||
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 100,000 | 101,327 |
Series B | ||
4.53%, 01/01/35 | 200,000 | 205,900 |
Los Angeles Community College District | ||
GO (Build America Bonds) Series 2010 | ||
6.75%, 08/01/49 | 85,000 | 117,532 |
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 125,000 | 112,588 |
GO Bonds Series 2020 | ||
1.81%, 08/01/30 | 200,000 | 171,034 |
GO Bonds Series 2020 | ||
2.11%, 08/01/32 (a) | 350,000 | 296,297 |
Los Angeles Department of Water & Power Power System Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 250,000 | 324,261 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.76%, 07/01/29 | 300,000 | 324,546 |
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 225,000 | 250,891 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 450,000 | 535,836 |
Maryland Health & Higher Educational Facilities Authority | ||
RB Series D | ||
3.05%, 07/01/40 (a) | 100,000 | 79,403 |
RB Series D | ||
3.20%, 07/01/50 | 100,000 | 75,712 |
Massachusetts School Building Authority | ||
RB Series B | ||
1.75%, 08/15/30 | 500,000 | 429,961 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
RB Series B | ||
3.40%, 10/15/40 (a) | 100,000 | 84,718 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 400,000 | 404,218 |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 350,000 | 472,219 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 650,000 | 789,815 |
Metropolitan Water Reclamation District of Greater Chicago | ||
5.72%, 12/01/38 | 250,000 | 289,689 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 350,000 | 302,797 |
Michigan State Building Authority | ||
RB Series 2020 | ||
2.71%, 10/15/40 (a) | 250,000 | 189,814 |
Missouri Health & Educational Facilities Authority | ||
RB Series 2017A | ||
3.65%, 08/15/57 (a) | 75,000 | 67,338 |
Municipal Electric Authority of Georgia | ||
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 147,000 | 174,420 |
RB (Build America Bonds) Series A | ||
6.64%, 04/01/57 | 240,000 | 282,850 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 516,000 | 581,916 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 650,000 | 682,345 |
RB (Build America Bonds) Series B | ||
6.56%, 12/15/40 | 50,000 | 58,161 |
RB Series 2019B | ||
4.13%, 06/15/42 | 250,000 | 223,673 |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 500,000 | 664,504 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 850,000 | 1,099,903 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2011A1 | ||
5.51%, 08/01/37 | 450,000 | 496,087 |
New York City Water & Sewer System | ||
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 297,857 |
Water System RB (Build America Bonds) Series 2009 | ||
5.75%, 06/15/41 | 300,000 | 349,484 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 250,000 | 301,798 |
New York State Dormitory Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 200,000 | 223,154 |
RB Series 2009F | ||
5.63%, 03/15/39 | 200,000 | 218,574 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series B | ||
3.14%, 07/01/43 | 200,000 | 167,954 |
Series F | ||
3.11%, 02/15/39 | 200,000 | 172,000 |
New York State Thruway Authority | ||
Series M | ||
2.90%, 01/01/35 | 150,000 | 129,933 |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 185,000 | 201,524 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 350,000 | 455,843 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 650,000 | 704,443 |
Series A | ||
3.80%, 12/01/46 | 75,000 | 69,654 |
Ohio Turnpike & Infrastructure Commission | ||
RB Series A | ||
3.22%, 02/15/48 (a) | 100,000 | 78,026 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 500,000 | 534,534 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 500,000 | 527,239 |
Port Authority of New York & New Jersey | ||
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 240,000 | 270,674 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 200,000 | 225,987 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 650,000 | 690,570 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 1,150,000 | 1,121,026 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 200,000 | 211,560 |
RB Series AAA | ||
1.09%, 07/01/23 | 300,000 | 294,455 |
Regents of the University of California Medical Center Pooled Revenue | ||
6.55%, 05/15/48 | 100,000 | 123,755 |
6.58%, 05/15/49 | 200,000 | 249,093 |
Series N | ||
3.01%, 05/15/50 (a) | 200,000 | 151,032 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 200,000 | 238,544 |
Rutgers The State University of New Jersey | ||
Series P | ||
3.92%, 05/01/19 (a) | 150,000 | 114,044 |
Series R | ||
3.27%, 05/01/43 | 100,000 | 84,219 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 200,000 | 176,491 |
RB Series B | ||
3.82%, 01/01/48 | 250,000 | 215,447 |
Salt River Project Agricultural Improvement & Power District | ||
RB (Build America Bonds) Series 2010 | ||
4.84%, 01/01/41 | 75,000 | 79,456 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
San Diego County Regional Transportation Commission | ||
RB (Build America Bonds) Series 2010A | ||
5.91%, 04/01/48 | 300,000 | 371,765 |
San Diego County Water Authority | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 350,000 | 433,000 |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 750,000 | 681,392 |
Santa Clara Valley Transportation Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.88%, 04/01/32 | 150,000 | 163,266 |
State of California | ||
2.38%, 10/01/26 | 175,000 | 168,115 |
7.63%, 03/01/40 | 100,000 | 135,143 |
GO Bonds | ||
7.60%, 11/01/40 | 300,000 | 416,149 |
State of Illinois | ||
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 150,000 | 164,783 |
State of Oregon Department of Transportation | ||
RB (Build America Bonds) Series 2010A | ||
5.83%, 11/15/34 | 125,000 | 141,682 |
Texas | ||
GO (Build America Bonds) Series 2010A | ||
4.68%, 04/01/40 | 500,000 | 527,646 |
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 750,000 | 856,669 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 350,000 | 307,634 |
Texas Transportation Commission | ||
GO Bonds Series 2020 | ||
2.47%, 10/01/44 (a) | 350,000 | 262,495 |
RB (Build America Bonds) Series B | ||
5.18%, 04/01/30 | 130,000 | 138,399 |
University of California | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 300,000 | 346,082 |
RB Series 2013AJ | ||
4.60%, 05/15/31 | 250,000 | 256,509 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 300,000 | 278,133 |
RB Series AD | ||
4.86%, 05/15/12 | 400,000 | 377,887 |
RB Series AS | ||
5.95%, 05/15/45 | 250,000 | 287,659 |
RB Series BG | ||
1.61%, 05/15/30 (a) | 250,000 | 209,179 |
RB Series BJ | ||
3.07%, 05/15/51 (a) | 250,000 | 182,163 |
University of Michigan | ||
Series B | ||
2.44%, 04/01/40 (a) | 250,000 | 197,413 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 250,000 | 180,174 |
University of Texas System | ||
RB (Build America Bonds) Series C | ||
4.79%, 08/15/46 | 50,000 | 53,893 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
University of Virginia | ||
General Revenue Pledge and Refunding Bonds, Series 2020 | ||
2.26%, 09/01/50 (a) | 400,000 | 271,732 |
Series B | ||
2.58%, 11/01/51 (a) | 300,000 | 217,701 |
Series C | ||
4.18%, 09/01/17 (a) | 150,000 | 128,610 |
Utah | ||
GO (Build America Bonds) Series B | ||
3.54%, 07/01/25 | 525,000 | 525,439 |
GO (Build America Bonds) Series D | ||
4.55%, 07/01/24 | 205,000 | 208,365 |
Westchester County Local Development Corp. | ||
RB Series 2020 | ||
3.85%, 11/01/50 (a) | 250,000 | 201,708 |
Wisconsin | ||
RB Series A | ||
5.70%, 05/01/26 | 525,000 | 554,981 |
49,470,000 | ||
69,315,801 | ||
Sovereign 1.0% | ||
Canada 0.0% | ||
Canada Government International Bond | ||
1.63%, 01/22/25 | 1,050,000 | 1,013,901 |
0.75%, 05/19/26 | 250,000 | 228,293 |
1,242,194 | ||
Chile 0.1% | ||
Chile Government International Bond | ||
3.13%, 03/27/25 | 200,000 | 195,596 |
3.13%, 01/21/26 | 400,000 | 386,860 |
2.75%, 01/31/27 (a) | 500,000 | 467,975 |
3.24%, 02/06/28 (a) | 750,000 | 707,572 |
2.45%, 01/31/31 (a) | 650,000 | 555,770 |
2.55%, 01/27/32 (a) | 600,000 | 510,840 |
2.55%, 07/27/33 (a) | 500,000 | 409,260 |
3.50%, 01/31/34 (a) | 500,000 | 445,415 |
3.10%, 05/07/41 (a) | 400,000 | 305,880 |
4.34%, 03/07/42 (a) | 250,000 | 223,490 |
3.63%, 10/30/42 | 100,000 | 80,542 |
3.86%, 06/21/47 | 450,000 | 376,470 |
3.50%, 01/25/50 (a) | 850,000 | 656,038 |
4.00%, 01/31/52 (a) | 350,000 | 290,875 |
3.10%, 01/22/61 (a) | 800,000 | 542,696 |
3.25%, 09/21/71 (a) | 350,000 | 234,220 |
6,389,499 | ||
Hungary 0.0% | ||
Hungary Government International Bond | ||
5.75%, 11/22/23 | 550,000 | 561,467 |
5.38%, 03/25/24 | 600,000 | 612,516 |
7.63%, 03/29/41 | 400,000 | 462,832 |
1,636,815 | ||
Indonesia 0.1% | ||
Indonesia Government International Bond | ||
3.50%, 01/11/28 | 450,000 | 430,150 |
4.10%, 04/24/28 | 250,000 | 246,158 |
4.75%, 02/11/29 | 400,000 | 404,116 |
3.40%, 09/18/29 | 400,000 | 372,120 |
2.85%, 02/14/30 | 400,000 | 356,888 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.85%, 10/15/30 | 550,000 | 523,446 |
1.85%, 03/12/31 (e) | 400,000 | 324,504 |
3.55%, 03/31/32 (a) | 350,000 | 318,118 |
4.35%, 01/11/48 | 700,000 | 611,569 |
5.35%, 02/11/49 | 300,000 | 295,464 |
3.70%, 10/30/49 | 200,000 | 161,170 |
3.50%, 02/14/50 | 650,000 | 514,332 |
4.20%, 10/15/50 | 750,000 | 646,020 |
3.05%, 03/12/51 | 350,000 | 266,823 |
4.45%, 04/15/70 | 450,000 | 385,137 |
3.35%, 03/12/71 | 200,000 | 141,308 |
5,997,323 | ||
Israel 0.1% | ||
Israel Government International Bond | ||
2.88%, 03/16/26 | 300,000 | 292,371 |
3.25%, 01/17/28 | 300,000 | 293,241 |
2.50%, 01/15/30 | 500,000 | 459,350 |
2.75%, 07/03/30 | 500,000 | 465,430 |
4.50%, 01/30/43 | 700,000 | 692,160 |
4.13%, 01/17/48 | 250,000 | 231,330 |
3.38%, 01/15/50 | 600,000 | 487,728 |
3.88%, 07/03/50 | 650,000 | 573,118 |
4.50%, 04/03/20 | 300,000 | 273,018 |
3,767,746 | ||
Italy 0.1% | ||
Italy Government International Bond | ||
6.88%, 09/27/23 | 1,300,000 | 1,351,987 |
2.38%, 10/17/24 | 1,400,000 | 1,356,572 |
2.88%, 10/17/29 | 700,000 | 619,213 |
5.38%, 06/15/33 | 604,000 | 635,354 |
4.00%, 10/17/49 | 800,000 | 668,192 |
Republic of Italy Government International Bond | ||
1.25%, 02/17/26 | 800,000 | 715,376 |
3.88%, 05/06/51 | 800,000 | 646,312 |
5,993,006 | ||
Mexico 0.2% | ||
Mexico Government International Bond | ||
3.60%, 01/30/25 | 650,000 | 646,548 |
3.90%, 04/27/25 (a) | 200,000 | 200,038 |
4.13%, 01/21/26 | 700,000 | 700,742 |
4.15%, 03/28/27 | 800,000 | 789,416 |
3.75%, 01/11/28 | 650,000 | 622,876 |
4.50%, 04/22/29 | 1,050,000 | 1,021,597 |
3.25%, 04/16/30 (a)(e) | 1,000,000 | 880,970 |
2.66%, 05/24/31 (a) | 1,050,000 | 864,559 |
8.30%, 08/15/31 | 350,000 | 437,371 |
4.75%, 04/27/32 (a)(e) | 850,000 | 816,229 |
7.50%, 04/08/33 | 250,000 | 299,160 |
6.75%, 09/27/34 | 650,000 | 714,181 |
6.05%, 01/11/40 | 1,050,000 | 1,031,310 |
4.28%, 08/14/41 (a) | 750,000 | 593,663 |
4.75%, 03/08/44 | 1,200,000 | 996,156 |
5.55%, 01/21/45 | 1,000,000 | 918,270 |
4.60%, 01/23/46 | 800,000 | 639,256 |
4.35%, 01/15/47 | 450,000 | 343,796 |
4.60%, 02/10/48 | 800,000 | 634,304 |
4.50%, 01/31/50 (a) | 925,000 | 720,566 |
5.00%, 04/27/51 (a) | 850,000 | 704,480 |
3.77%, 05/24/61 (a) | 1,050,000 | 681,523 |
5.75%, 10/12/10 | 950,000 | 797,126 |
16,054,137 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Panama 0.1% | ||
Panama Government International Bond | ||
4.00%, 09/22/24 (a) | 450,000 | 450,068 |
3.75%, 03/16/25 (a) | 600,000 | 593,796 |
7.13%, 01/29/26 | 350,000 | 379,897 |
8.88%, 09/30/27 | 200,000 | 235,886 |
3.88%, 03/17/28 (a) | 400,000 | 382,144 |
9.38%, 04/01/29 | 300,000 | 367,191 |
3.16%, 01/23/30 (a) | 600,000 | 534,516 |
2.25%, 09/29/32 (a) | 750,000 | 587,250 |
6.70%, 01/26/36 | 750,000 | 812,055 |
4.50%, 05/15/47 | 500,000 | 413,865 |
4.50%, 04/16/50 (a) | 950,000 | 778,458 |
4.30%, 04/29/53 | 600,000 | 474,150 |
4.50%, 04/01/56 (a) | 800,000 | 640,472 |
3.87%, 07/23/60 (a) | 525,000 | 375,044 |
4.50%, 01/19/63 (a) | 250,000 | 194,293 |
7,219,085 | ||
Peru 0.1% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 500,000 | 541,240 |
2.39%, 01/23/26 (a) | 150,000 | 139,635 |
4.13%, 08/25/27 | 500,000 | 490,655 |
2.84%, 06/20/30 | 650,000 | 567,651 |
2.78%, 01/23/31 (a) | 1,250,000 | 1,065,562 |
1.86%, 12/01/32 (a) | 425,000 | 324,233 |
8.75%, 11/21/33 | 450,000 | 571,405 |
3.00%, 01/15/34 (a) | 500,000 | 411,360 |
6.55%, 03/14/37 | 350,000 | 382,585 |
3.30%, 03/11/41 (a) | 450,000 | 339,903 |
5.63%, 11/18/50 | 900,000 | 936,135 |
3.55%, 03/10/51 (a) | 400,000 | 299,568 |
2.78%, 12/01/60 (a) | 650,000 | 403,260 |
3.60%, 01/15/72 (a) | 350,000 | 237,045 |
3.23%, 07/28/21 (a) | 250,000 | 154,310 |
6,864,547 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.20%, 01/21/24 | 550,000 | 555,841 |
9.50%, 10/21/24 | 100,000 | 112,899 |
10.63%, 03/16/25 | 300,000 | 353,478 |
5.50%, 03/30/26 | 400,000 | 419,036 |
3.00%, 02/01/28 | 850,000 | 810,373 |
3.75%, 01/14/29 | 600,000 | 584,076 |
9.50%, 02/02/30 | 725,000 | 937,867 |
2.46%, 05/05/30 | 350,000 | 305,932 |
7.75%, 01/14/31 | 550,000 | 664,488 |
1.65%, 06/10/31 | 400,000 | 321,664 |
6.38%, 01/15/32 | 350,000 | 391,377 |
6.38%, 10/23/34 | 700,000 | 786,604 |
5.00%, 01/13/37 | 500,000 | 499,555 |
3.95%, 01/20/40 | 925,000 | 805,379 |
3.70%, 03/01/41 | 500,000 | 414,350 |
3.70%, 02/02/42 | 900,000 | 745,029 |
2.95%, 05/05/45 | 600,000 | 430,560 |
2.65%, 12/10/45 | 700,000 | 482,006 |
4.20%, 03/29/47 | 100,000 | 87,239 |
9,707,753 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Poland 0.0% | ||
Poland Government International Bond | ||
4.00%, 01/22/24 | 700,000 | 700,980 |
3.25%, 04/06/26 | 644,000 | 626,419 |
1,327,399 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
3.88%, 09/11/23 | 300,000 | 302,835 |
2.75%, 01/19/27 | 450,000 | 438,534 |
3.50%, 09/20/28 | 200,000 | 200,326 |
2.50%, 06/19/29 | 350,000 | 331,723 |
1.00%, 09/16/30 | 200,000 | 166,776 |
1.75%, 10/15/31 | 200,000 | 175,104 |
4.13%, 06/10/44 | 400,000 | 419,100 |
3.88%, 09/20/48 | 200,000 | 202,108 |
2,236,506 | ||
Uruguay 0.1% | ||
Uruguay Government International Bond | ||
4.50%, 08/14/24 | 400,000 | 404,612 |
4.38%, 10/27/27 | 550,000 | 558,354 |
4.38%, 01/23/31 (a) | 700,000 | 710,080 |
7.63%, 03/21/36 | 300,000 | 376,086 |
4.13%, 11/20/45 | 250,000 | 229,853 |
5.10%, 06/18/50 | 1,200,000 | 1,204,836 |
4.98%, 04/20/55 | 800,000 | 788,464 |
4,272,285 | ||
72,708,295 | ||
Supranational* 1.4% | ||
African Development Bank | ||
2.13%, 11/16/22 | 750,000 | 749,302 |
0.75%, 04/03/23 | 450,000 | 442,940 |
3.00%, 09/20/23 | 450,000 | 449,901 |
0.88%, 07/22/26 | 800,000 | 730,176 |
Asian Development Bank | ||
1.75%, 09/13/22 | 925,000 | 924,556 |
1.63%, 01/24/23 | 400,000 | 397,600 |
0.25%, 07/14/23 | 750,000 | 730,350 |
0.25%, 10/06/23 | 750,000 | 725,257 |
2.63%, 01/30/24 | 695,000 | 690,684 |
0.38%, 06/11/24 | 1,150,000 | 1,092,316 |
1.50%, 10/18/24 | 1,625,000 | 1,569,474 |
2.00%, 01/22/25 | 1,650,000 | 1,606,638 |
0.63%, 04/29/25 | 1,050,000 | 980,395 |
0.38%, 09/03/25 | 750,000 | 688,410 |
0.50%, 02/04/26 | 1,050,000 | 956,434 |
1.00%, 04/14/26 | 500,000 | 461,900 |
2.00%, 04/24/26 | 500,000 | 479,180 |
2.63%, 01/12/27 | 1,000,000 | 978,440 |
1.50%, 01/20/27 | 1,000,000 | 930,720 |
2.50%, 11/02/27 | 1,188,000 | 1,149,390 |
2.75%, 01/19/28 | 250,000 | 244,435 |
1.25%, 06/09/28 | 250,000 | 223,750 |
5.82%, 06/16/28 | 300,000 | 341,298 |
1.88%, 03/15/29 | 500,000 | 460,705 |
1.75%, 09/19/29 | 1,150,000 | 1,043,740 |
1.88%, 01/24/30 | 1,000,000 | 911,760 |
0.75%, 10/08/30 | 1,150,000 | 950,302 |
1.50%, 03/04/31 | 500,000 | 436,785 |
Asian Infrastructure Investment Bank | ||
0.25%, 09/29/23 | 600,000 | 579,642 |
2.25%, 05/16/24 | 950,000 | 934,116 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.50%, 10/30/24 | 750,000 | 705,990 |
0.50%, 05/28/25 | 950,000 | 877,847 |
0.50%, 01/27/26 | 1,225,000 | 1,110,168 |
Corp. Andina de Fomento | ||
2.38%, 05/12/23 | 400,000 | 396,656 |
3.75%, 11/23/23 | 250,000 | 251,320 |
1.63%, 09/23/25 | 500,000 | 469,025 |
Council of Europe Development Bank | ||
0.25%, 06/10/23 | 200,000 | 195,018 |
0.25%, 10/20/23 | 400,000 | 385,908 |
2.50%, 02/27/24 | 315,000 | 312,338 |
1.38%, 02/27/25 | 350,000 | 334,894 |
0.88%, 09/22/26 | 300,000 | 273,342 |
Essential Utilities, Inc. | ||
1.48%, 10/06/26 (c) | 125,000 | 113,480 |
European Bank for Reconstruction & Development | ||
0.25%, 07/10/23 | 500,000 | 487,135 |
1.63%, 09/27/24 | 300,000 | 290,949 |
1.50%, 02/13/25 | 500,000 | 480,205 |
0.50%, 05/19/25 | 750,000 | 696,435 |
0.50%, 11/25/25 | 950,000 | 869,126 |
0.50%, 01/28/26 | 850,000 | 773,678 |
European Investment Bank | ||
2.50%, 03/15/23 | 300,000 | 299,298 |
1.38%, 05/15/23 | 1,000,000 | 987,370 |
2.88%, 08/15/23 | 1,400,000 | 1,398,656 |
0.25%, 09/15/23 | 1,250,000 | 1,210,175 |
3.13%, 12/14/23 | 1,050,000 | 1,051,449 |
3.25%, 01/29/24 | 1,650,000 | 1,655,412 |
2.63%, 03/15/24 | 1,600,000 | 1,589,008 |
2.25%, 06/24/24 | 450,000 | 443,025 |
2.50%, 10/15/24 | 500,000 | 493,925 |
1.88%, 02/10/25 | 1,100,000 | 1,067,462 |
1.63%, 03/14/25 | 1,300,000 | 1,251,679 |
0.63%, 07/25/25 | 900,000 | 835,488 |
0.38%, 03/26/26 | 1,450,000 | 1,309,118 |
2.13%, 04/13/26 | 800,000 | 771,856 |
0.75%, 10/26/26 | 500,000 | 452,240 |
1.38%, 03/15/27 | 1,000,000 | 923,170 |
2.38%, 05/24/27 | 617,000 | 596,041 |
1.75%, 03/15/29 | 750,000 | 686,422 |
1.63%, 10/09/29 | 500,000 | 450,960 |
0.88%, 05/17/30 | 255,000 | 214,430 |
0.75%, 09/23/30 | 500,000 | 415,290 |
1.25%, 02/14/31 (e) | 1,400,000 | 1,201,186 |
1.63%, 05/13/31 | 500,000 | 443,375 |
4.88%, 02/15/36 | 750,000 | 874,200 |
Inter-American Development Bank | ||
0.50%, 05/24/23 | 300,000 | 293,709 |
3.00%, 10/04/23 | 850,000 | 849,847 |
0.25%, 11/15/23 | 750,000 | 722,497 |
2.63%, 01/16/24 | 1,150,000 | 1,142,881 |
3.00%, 02/21/24 | 750,000 | 749,377 |
0.50%, 09/23/24 | 250,000 | 236,348 |
2.13%, 01/15/25 | 1,400,000 | 1,367,800 |
1.75%, 03/14/25 | 1,350,000 | 1,303,600 |
0.88%, 04/03/25 | 650,000 | 612,320 |
0.63%, 07/15/25 | 600,000 | 556,992 |
0.88%, 04/20/26 | 1,250,000 | 1,148,137 |
2.00%, 06/02/26 | 550,000 | 526,526 |
2.00%, 07/23/26 | 500,000 | 478,130 |
2.38%, 07/07/27 | 1,200,000 | 1,156,392 |
0.63%, 09/16/27 | 750,000 | 659,048 |
1.13%, 07/20/28 | 750,000 | 665,408 |
3.13%, 09/18/28 | 1,700,000 | 1,693,676 |
2.25%, 06/18/29 | 1,400,000 | 1,317,050 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.13%, 01/13/31 | 550,000 | 466,582 |
3.88%, 10/28/41 | 150,000 | 153,401 |
3.20%, 08/07/42 | 200,000 | 185,416 |
4.38%, 01/24/44 | 450,000 | 497,781 |
International Bank for Reconstruction & Development | ||
1.88%, 10/07/22 | 250,000 | 249,768 |
3.00%, 09/27/23 | 1,560,000 | 1,559,922 |
2.50%, 03/19/24 | 1,450,000 | 1,436,892 |
1.50%, 08/28/24 | 1,700,000 | 1,646,263 |
2.50%, 11/25/24 | 1,400,000 | 1,382,374 |
1.63%, 01/15/25 | 1,450,000 | 1,399,859 |
0.75%, 03/11/25 | 1,650,000 | 1,551,742 |
0.63%, 04/22/25 | 2,700,000 | 2,523,042 |
0.38%, 07/28/25 | 150,000 | 138,078 |
2.50%, 07/29/25 | 1,850,000 | 1,816,071 |
0.50%, 10/28/25 | 2,000,000 | 1,835,500 |
3.13%, 11/20/25 | 450,000 | 450,086 |
0.88%, 07/15/26 | 750,000 | 686,257 |
1.88%, 10/27/26 | 250,000 | 237,410 |
2.50%, 11/22/27 | 200,000 | 193,452 |
0.75%, 11/24/27 | 1,850,000 | 1,630,072 |
1.38%, 04/20/28 | 1,500,000 | 1,356,270 |
1.13%, 09/13/28 | 1,000,000 | 884,610 |
1.75%, 10/23/29 | 950,000 | 862,077 |
0.88%, 05/14/30 | 2,300,000 | 1,933,104 |
0.75%, 08/26/30 | 1,200,000 | 993,708 |
1.25%, 02/10/31 | 1,000,000 | 856,080 |
1.63%, 11/03/31 | 750,000 | 656,078 |
2.50%, 03/29/32 | 1,000,000 | 942,680 |
4.75%, 02/15/35 | 450,000 | 511,223 |
International Finance Corp. | ||
2.00%, 10/24/22 | 350,000 | 349,640 |
2.88%, 07/31/23 | 500,000 | 499,480 |
1.38%, 10/16/24 | 750,000 | 723,045 |
0.38%, 07/16/25 | 500,000 | 460,825 |
0.75%, 08/27/30 | 750,000 | 621,818 |
Nordic Investment Bank | ||
1.38%, 10/17/22 | 200,000 | 199,550 |
0.38%, 05/19/23 | 400,000 | 391,204 |
2.88%, 07/19/23 | 450,000 | 450,014 |
2.25%, 05/21/24 | 200,000 | 196,988 |
2.63%, 04/04/25 | 400,000 | 395,392 |
0.38%, 09/11/25 | 400,000 | 367,036 |
0.50%, 01/21/26 | 250,000 | 227,933 |
101,903,806 | ||
Total Government Related (Cost $431,520,608) | 397,984,436 | |
SECURITIZED 30.1% OF NET ASSETS | ||
Asset-Backed Securities 0.2% | ||
Automobile 0.0% | ||
Ally Auto Receivables Trust 2019-4 | ||
Series 2019-4, Class A4 | ||
1.92%, 01/15/25 (a) | 2,000,000 | 1,977,785 |
Toyota Auto Receivables Owner Trust | ||
Series 2018-C, Class A4 | ||
3.13%, 02/15/24 (a) | 962,353 | 963,169 |
2,940,954 | ||
Credit Card 0.2% | ||
American Express Credit Account Master Trust | ||
Series 2019-3, Class A | ||
2.00%, 04/15/25 (a) | 630,000 | 629,379 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2018-2, Class A | ||
3.01%, 10/15/25 (a) | 5,200,000 | 5,190,989 |
Capital One Multi-Asset Execution Trust | ||
Series 2017-A6, Class A6 | ||
2.29%, 07/15/25 (a) | 1,300,000 | 1,299,658 |
Series 2019-A3, Class A3 | ||
2.06%, 08/15/28 (a) | 2,000,000 | 1,891,659 |
Citibank Credit Card Issuance Trust | ||
Series 2018-A6, Class A6 | ||
3.21%, 12/07/24 (a) | 4,800,000 | 4,808,262 |
Discover Card Execution Note Trust | ||
Series 2018-A1, Class A1 | ||
3.03%, 08/15/25 (a) | 2,100,000 | 2,098,277 |
15,918,224 | ||
18,859,178 | ||
Commercial Mortgage-Backed Security 2.1% | ||
BANK | ||
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60 (a) | 1,000,000 | 964,305 |
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50 (a) | 600,000 | 583,312 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54 (a) | 1,000,000 | 967,633 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61 (a) | 800,000 | 746,964 |
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63 (a) | 700,000 | 615,358 |
BBCMS Mortgage Trust 2018-C2 | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51 (a) | 1,150,000 | 1,132,205 |
BBCMS Mortgage Trust 2022-C15 | ||
Series 2022-C15, Class A5 | ||
3.66%, 04/15/55 (a) | 3,145,000 | 2,979,648 |
Benchmark 2019-B12 Mortgage Trust | ||
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52 (a) | 1,875,000 | 1,740,303 |
Benchmark 2019-B13 Mortgage Trust | ||
Series 2019-B13, Class A4 | ||
2.95%, 08/15/57 (a) | 2,600,000 | 2,388,919 |
Benchmark 2019-B9 Mortgage Trust | ||
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52 (a) | 2,600,000 | 2,556,475 |
Benchmark 2020-B16 Mortgage Trust | ||
Series 2020-B16, Class A5 | ||
2.73%, 02/15/53 (a) | 1,073,000 | 966,240 |
Benchmark 2020-B18 Mortgage Trust | ||
Series 2020-B18, Class A5 | ||
1.93%, 07/15/53 (a) | 1,845,000 | 1,559,973 |
CCUBS Commercial Mortgage Trust | ||
Series 2017-C1, Class A4 | ||
3.54%, 11/15/50 (a) | 1,747,000 | 1,689,640 |
CD Mortgage Trust | ||
Series 2017-CD3, Class A4 | ||
3.63%, 02/10/50 (a) | 1,715,000 | 1,671,908 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48 (a) | 5,325,000 | 5,254,012 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58 (a) | 1,000,000 | 966,010 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54 (a) | 3,625,000 | 3,559,138 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Citigroup Commercial Mortgage Trust | ||
Series 2013-GC17, Class A4 | ||
4.13%, 11/10/46 (a) | 615,000 | 614,976 |
Series 2014-GC23, Class A4 | ||
3.62%, 07/10/47 (a) | 1,000,000 | 989,403 |
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47 (a) | 210,000 | 206,400 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49 (a) | 3,350,000 | 3,276,244 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49 (a) | 600,000 | 581,076 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50 (a) | 5,600,000 | 5,373,271 |
Series 2017-P7, Class A4 | ||
3.71%, 04/14/50 (a) | 500,000 | 488,507 |
COMM Mortgage Trust | ||
Series 2012-CR3, Class A3 | ||
2.82%, 10/15/45 (a) | 134,623 | 134,289 |
Series 2013-CR11, Class A3 | ||
3.98%, 08/10/50 (a) | 449,864 | 448,974 |
Series 2013-CR11, Class A4 | ||
4.26%, 08/10/50 (a) | 340,000 | 340,734 |
Series 2014-CR14, Class A3 | ||
3.96%, 02/10/47 (a) | 240,000 | 239,315 |
Series 2014-CR16, Class ASB | ||
3.65%, 04/10/47 (a) | 186,190 | 185,730 |
Series 2014-CR18, Class A4 | ||
3.55%, 07/15/47 (a) | 415,134 | 409,101 |
Series 2014-CR19, Class ASB | ||
3.50%, 08/10/47 (a) | 176,653 | 175,978 |
Series 2014-CR20, Class A3 | ||
3.33%, 11/10/47 (a) | 1,855,386 | 1,820,136 |
Series 2014-CR21, Class A3 | ||
3.53%, 12/10/47 (a) | 173,592 | 170,903 |
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47 (a) | 400,000 | 398,109 |
Series 2014-UBS4, Class A5 | ||
3.69%, 08/10/47 (a) | 1,850,000 | 1,831,273 |
Series 2015-CR22, Class A5 | ||
3.31%, 03/10/48 (a) | 750,000 | 732,796 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48 (a) | 400,000 | 393,357 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48 (a) | 440,000 | 433,248 |
Series 2015-PC1, Class A5 | ||
3.90%, 07/10/50 (a) | 497,400 | 492,730 |
Series 2015-PC1, Class ASB | ||
3.61%, 07/10/50 (a) | 1,239,164 | 1,231,903 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49 (a) | 2,700,000 | 2,656,470 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49 (a) | 100,000 | 98,343 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C1, Class A4 | ||
3.51%, 04/15/50 (a) | 1,308,000 | 1,285,638 |
Series 2015-C3, Class A4 | ||
3.72%, 08/15/48 (a) | 300,000 | 295,231 |
Series 2019-C17, Class A5 | ||
3.02%, 09/15/52 (a) | 2,238,000 | 2,047,434 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a)(k) | 100,000 | 98,184 |
Fannie Mae | ||
Series 2015-M13, Class A2 | ||
2.79%, 06/25/25 (a)(k) | 116,558 | 114,210 |
Series 2015-M3, Class A2 | ||
2.72%, 10/25/24 (a) | 460,533 | 452,039 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2015-M4, Class AV2 | ||
2.51%, 07/25/22 (a) | 326 | 326 |
Series 2016-M3, Class ASQ2 | ||
2.26%, 02/25/23 (a) | 1,160 | 1,159 |
Series 2016-M6, Class A2 | ||
2.49%, 05/25/26 (a) | 2,580,991 | 2,497,927 |
Freddie Mac | ||
Series K042, Class A2 | ||
2.67%, 12/25/24 (a) | 100,000 | 98,685 |
Series K043, Class A2 | ||
3.06%, 12/25/24 (a) | 750,000 | 746,391 |
Series K045, Class A2 | ||
3.02%, 01/25/25 (a) | 368,735 | 366,735 |
Series K046, Class A2 | ||
3.21%, 03/25/25 (a) | 920,000 | 915,922 |
Series K048, Class A2 | ||
3.28%, 06/25/25 (a)(k) | 838,000 | 835,910 |
Series K053, Class A2 | ||
3.00%, 12/25/25 (a) | 950,000 | 938,998 |
Series K054, Class A2 | ||
2.75%, 01/25/26 (a) | 300,000 | 294,114 |
Series K055, Class A2 | ||
2.67%, 03/25/26 (a) | 750,000 | 733,062 |
Series K058, Class A2 | ||
2.65%, 08/25/26 (a) | 750,000 | 730,716 |
Series K061, Class A2 | ||
3.35%, 11/25/26 (a)(k) | 520,000 | 519,938 |
Series K062, Class A2 | ||
3.41%, 12/25/26 (a) | 257,767 | 258,350 |
Series K064, Class A2 | ||
3.22%, 03/25/27 (a) | 107,000 | 106,384 |
Series K070, Class A2 | ||
3.30%, 11/25/27 (a)(k) | 308,000 | 307,090 |
Series K071, Class A2 | ||
3.29%, 11/25/27 (a) | 4,768,000 | 4,750,104 |
Series K072, Class A2 | ||
3.44%, 12/25/27 (a) | 1,500,000 | 1,505,192 |
Series K074, Class A2 | ||
3.60%, 01/25/28 (a) | 8,175,000 | 8,264,421 |
Series K078, Class A2 | ||
3.85%, 06/25/28 (a) | 1,183,000 | 1,210,095 |
Series K083, Class A2 | ||
4.05%, 09/25/28 (a)(k) | 2,100,000 | 2,172,987 |
Series K085, Class A2 | ||
4.06%, 10/25/28 (a)(k) | 900,000 | 925,514 |
Series K087, Class A2 | ||
3.77%, 12/25/28 (a) | 2,560,000 | 2,611,314 |
Series K088, Class A2 | ||
3.69%, 01/25/29 (a) | 600,000 | 609,445 |
Series K100, Class A2 | ||
2.67%, 09/25/29 (a) | 800,000 | 762,310 |
Series K103, Class A2 | ||
2.65%, 11/25/29 (a) | 2,200,000 | 2,093,675 |
Series K-1511, Class A2 | ||
3.47%, 03/25/31 (a) | 500,000 | 499,983 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31 (a) | 1,425,000 | 1,370,310 |
Series K154, Class A2 | ||
3.42%, 04/25/32 (a) | 1,760,000 | 1,753,300 |
Series K155, Class A3 | ||
3.75%, 04/25/33 (a) | 835,000 | 832,337 |
Series K157, Class A2 | ||
3.99%, 05/25/33 (a) | 1,700,000 | 1,728,716 |
Series K727, Class A2 | ||
2.95%, 07/25/24 (a) | 1,747,969 | 1,728,548 |
Series K728, Class A2 | ||
3.06%, 08/25/24 (a)(k) | 1,670,285 | 1,659,064 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series K731, Class A2 | ||
3.60%, 02/25/25 (a)(k) | 298,961 | 299,811 |
Series K733, Class A2 | ||
3.75%, 08/25/25 (a)(k) | 1,500,000 | 1,511,615 |
Series K735, Class A2 | ||
2.86%, 05/25/26 (a) | 100,000 | 97,571 |
Series KS03, Class A4 | ||
3.16%, 05/25/25 (a)(k) | 250,000 | 248,021 |
GS Mortgage Securities Trust | ||
Series 2013-GC13, Class A5 | ||
4.17%, 07/10/46 (a)(k) | 649,000 | 649,728 |
Series 2013-GC14, Class A5 | ||
4.24%, 08/10/46 (a) | 700,000 | 700,808 |
Series 2016-GS4, Class A4 | ||
3.44%, 11/10/49 (a) | 365,000 | 353,055 |
Series 2020-GC45, Class A5 | ||
2.91%, 02/13/53 (a) | 3,500,000 | 3,177,908 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2014-C20, Class A4A1 | ||
3.54%, 07/15/47 (a) | 633,446 | 617,501 |
Series 2015-JP1, Class A4 | ||
3.65%, 01/15/49 (a) | 600,000 | 588,713 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C28, Class A4 | ||
3.23%, 10/15/48 (a) | 2,000,000 | 1,953,513 |
Series 2015-C29, Class A4 | ||
3.61%, 05/15/48 (a) | 1,000,000 | 982,222 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48 (a) | 1,150,000 | 1,132,524 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2013-C10, Class A4 | ||
4.21%, 07/15/46 (a)(k) | 180,000 | 179,424 |
Series 2013-C11, Class A4 | ||
4.30%, 08/15/46 (a)(k) | 1,000,000 | 994,804 |
Series 2013-C8, Class AS | ||
3.38%, 12/15/48 (a) | 80,000 | 79,514 |
Series 2014-C16, Class A5 | ||
3.89%, 06/15/47 (a) | 270,000 | 268,507 |
Series 2015-C24, Class A4 | ||
3.73%, 05/15/48 (a) | 93,000 | 91,522 |
Series 2015-C24, Class ASB | ||
3.48%, 05/15/48 (a) | 615,956 | 609,641 |
Morgan Stanley Capital I Trust | ||
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48 (a) | 400,000 | 393,300 |
Series 2017-H1, Class A4 | ||
3.26%, 06/15/50 (a) | 250,000 | 240,121 |
Series 2017-HR2, Class A4 | ||
3.59%, 12/15/50 (a) | 1,300,000 | 1,255,536 |
Series 2020-HR8, Class A4 | ||
2.04%, 07/15/53 (a) | 3,000,000 | 2,543,634 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50 (a) | 1,550,000 | 1,485,239 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50 (a) | 1,000,000 | 965,349 |
Series 2019-C18, Class A4 | ||
3.04%, 12/15/52 (a) | 500,000 | 454,173 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-LC12, Class A4 | ||
4.22%, 07/15/46 (a)(k) | 640,000 | 636,724 |
Series 2014-LC16 Class A4 | ||
3.55%, 08/15/50 (a) | 694,939 | 687,263 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48 (a) | 993,376 | 956,646 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58 (a) | 723,000 | 712,036 |
Series 2015-C31, Class A3 | ||
3.43%, 11/15/48 (a) | 1,268,747 | 1,247,235 |
Series 2015-P2, Class A4 | ||
3.81%, 12/15/48 (a) | 1,500,000 | 1,482,176 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59 (a) | 1,375,000 | 1,344,838 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59 (a) | 2,000,000 | 1,963,199 |
Series 2016-NXS6, Class A4 | ||
2.92%, 11/15/49 (a) | 150,000 | 142,814 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50 (a) | 1,551,000 | 1,500,927 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50 (a) | 2,000,000 | 1,921,428 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51 (a) | 1,500,000 | 1,492,553 |
Series 2018-C47, Class A3 | ||
4.18%, 09/15/61 (a) | 1,275,000 | 1,252,344 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52 (a) | 1,000,000 | 963,787 |
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52 (a) | 4,000,000 | 3,671,685 |
Wells Fargo Commercial Mortgage Trust 2015-NXS4 | ||
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48 (a) | 2,000,000 | 1,970,616 |
Wells Fargo Commercial Mortgage Trust 2016-C32 | ||
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59 (a) | 500,000 | 490,501 |
Wells Fargo Commercial Mortgage Trust 2019-C53 | ||
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50 (a) | 2,400,000 | 2,319,920 |
Wells Fargo Commercial Mortgage Trust 2019-C54 | ||
Series 2019-C54, Class A4 | ||
3.15%, 12/15/52 (a) | 800,000 | 739,136 |
Wells Fargo Commercial Mortgage Trust 2020-C55 | ||
Series 2020-C55, Class A5 | ||
2.73%, 02/15/53 (a) | 750,000 | 671,431 |
Wells Fargo Commercial Mortgage Trust 2020-C58 | ||
Series 2020-C58, Class A4 | ||
2.09%, 07/15/53 (a) | 3,000,000 | 2,526,781 |
WFRBS Commercial Mortgage Trust | ||
Series 2013-C12, Class A4 | ||
3.20%, 03/15/48 (a) | 615,521 | 605,975 |
Series 2013-C14, Class A5 | ||
3.34%, 06/15/46 (a) | 547,687 | 542,605 |
Series 2013-C15, Class A4 | ||
4.15%, 08/15/46 (a)(k) | 520,000 | 518,489 |
Series 2014-C19, Class A4 | ||
3.83%, 03/15/47 (a) | 100,000 | 99,600 |
154,521,530 | ||
Mortgage-Backed Securities Pass-Through 27.8% | ||
Fannie Mae | ||
5.50%, 06/01/24 to 11/01/48 (a) | 4,609,529 | 4,916,439 |
4.50%, 12/01/24 to 07/01/50 (a) | 25,908,506 | 26,570,751 |
3.50%, 10/01/25 to 08/01/51 (a) | 88,791,386 | 87,156,139 |
3.00%, 12/01/25 to 05/01/52 (a) | 139,013,289 | 132,487,609 |
4.00%, 02/01/26 to 08/01/50 (a) | 59,692,074 | 60,009,648 |
2.50%, 07/01/27 to 05/01/52 (a) | 214,594,422 | 196,059,071 |
2.00%, 04/01/28 to 05/01/52 (a) | 321,320,608 | 284,136,783 |
5.00%, 09/01/33 to 11/01/49 (a) | 8,675,172 | 9,063,484 |
6.50%, 08/01/34 to 05/01/40 (a) | 523,397 | 574,881 |
6.00%, 04/01/35 to 07/01/41 (a) | 2,021,563 | 2,197,227 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.50%, 09/01/35 to 11/01/51 (a) | 65,087,878 | 56,980,315 |
1.00%, 03/01/36 to 07/01/36 (a) | 1,507,393 | 1,320,596 |
Freddie Mac | ||
2.00%, 08/01/23 to 04/01/52 (a) | 299,352,864 | 263,775,468 |
5.50%, 05/01/24 to 08/01/41 (a) | 2,223,130 | 2,376,379 |
3.50%, 01/01/26 to 09/01/51 (a) | 53,218,627 | 52,183,528 |
4.00%, 04/01/26 to 07/01/50 (a) | 31,003,639 | 31,163,754 |
3.00%, 08/01/26 to 05/01/52 (a) | 93,300,552 | 88,850,333 |
2.50%, 04/01/27 to 05/01/52 (a) | 179,929,746 | 163,819,799 |
6.00%, 07/01/33 to 07/01/40 (a) | 1,522,091 | 1,653,210 |
5.00%, 11/01/33 to 12/01/49 (a) | 5,535,698 | 5,812,273 |
6.50%, 12/01/33 to 09/01/39 (a) | 196,228 | 216,974 |
4.50%, 05/01/34 to 08/01/49 (a) | 11,035,919 | 11,319,568 |
1.50%, 08/01/35 to 08/01/51 (a) | 73,890,600 | 63,948,846 |
1.00%, 10/01/36 (a) | 560,699 | 491,354 |
Ginnie Mae | ||
3.00%, 01/20/27 to 04/20/52 (a) | 85,624,991 | 81,886,544 |
2.50%, 03/20/27 to 04/20/52 (a) | 109,764,089 | 101,061,952 |
3.50%, 09/20/32 to 06/20/51 (a) | 63,551,995 | 62,582,373 |
5.00%, 03/20/33 to 02/20/48 (a) | 4,569,415 | 4,833,045 |
5.50%, 10/20/33 to 11/20/44 (a) | 651,404 | 701,386 |
2.00%, 04/20/36 to 04/20/52 (a) | 108,694,238 | 97,028,279 |
6.00%, 10/15/36 to 01/20/45 (a) | 585,428 | 642,557 |
4.50%, 01/20/39 to 02/20/50 (a) | 13,889,039 | 14,349,490 |
4.00%, 06/15/39 to 02/20/50 (a) | 28,956,491 | 29,268,426 |
1.50%, 03/20/51 to 10/20/51 (a) | 1,580,019 | 1,349,469 |
Ginnie Mae II | ||
2.00%, 12/20/51 to 03/20/52 (a) | 14,711,444 | 13,086,137 |
2.50%, 12/20/51 to 03/20/52 (a) | 13,962,380 | 12,805,595 |
GNMA TBA | ||
2.50%, 07/21/52 (a)(g) | 4,500,000 | 4,115,000 |
3.00%, 07/21/52 (a)(g) | 9,500,000 | 8,952,983 |
3.50%, 07/21/52 (a)(g) | 5,500,000 | 5,344,470 |
4.00%, 07/21/52 (a)(g) | 2,000,000 | 1,991,494 |
UMBS TBA | ||
2.00%, 07/18/37 to 07/14/52 (a)(g) | 8,000,000 | 7,203,510 |
2.50%, 07/18/37 to 07/14/52 (a)(g) | 45,000,000 | 40,681,076 |
3.00%, 07/14/52 (a)(g) | 25,000,000 | 23,277,074 |
3.50%, 07/14/52 (a)(g) | 20,000,000 | 19,234,887 |
4.00%, 07/14/52 (a)(g) | 10,500,000 | 10,357,061 |
2,087,837,237 | ||
Total Securitized (Cost $2,496,721,821) | 2,261,217,945 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 1.6% OF NET ASSETS | ||
Money Market Funds 1.6% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (l) | 116,323,347 | 116,323,347 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (l)(m) | 4,892,515 | 4,892,515 |
121,215,862 | ||
Total Short-Term Investments (Cost $121,215,862) | 121,215,862 | |
Total Investments in Securities (Cost $8,356,805,324) | 7,619,290,280 |
* | 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 is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(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 $33,777,602 or 0.4% of net assets. |
(d) | Issuer is affiliated with the fund’s investment adviser. |
(e) | All or a portion of this security is on loan. Securities on loan were valued at $4,799,645. |
(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) | Zero coupon security. |
(k) | Fixed rate is determined by a formula set forth in the security’s offering documents and is affected by the current WAC of the underlying loans. |
(l) | The rate shown is the 7-day yield. |
(m) | Security purchased with cash collateral received for securities on loan. |
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. |
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. |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/21 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 6/30/22 | FACE AMOUNT AT 6/30/22 | INTEREST INCOME EARNED |
CORPORATES 0.1% OF NET ASSETS | |||||||||
Financial Institutions 0.1% | |||||||||
Brokerage/Asset Managers/Exchanges 0.1% | |||||||||
The Charles Schwab Corp. | |||||||||
2.65%, 01/25/23 | $229,406 | $— | ($228,444) | $367 | ($1,026) | ($303) | $— | $— | $514 |
3.55%, 02/01/24 | 157,614 | — | — | — | (5,936) | (1,348) | 150,330 | 150,000 | 2,663 |
0.75%, 03/18/24 | 448,060 | — | — | — | (15,884) | (541) | 431,635 | 450,000 | 1,687 |
3.75%, 04/01/24 | 84,476 | — | — | — | (1,942) | (1,962) | 80,572 | 80,000 | 1,500 |
3.00%, 03/10/25 | — | 99,691 | — | — | (1,135) | 8 | 98,564 | 100,000 | 242 |
4.20%, 03/24/25 | 217,644 | — | (53,712) | (538) | (8,880) | (2,088) | 152,426 | 150,000 | 3,267 |
3.63%, 04/01/25 | 106,668 | — | — | — | (5,793) | (977) | 99,898 | 100,000 | 1,792 |
3.85%, 05/21/25 | 188,704 | — | — | — | (11,147) | (1,750) | 175,807 | 175,000 | 3,369 |
3.45%, 02/13/26 | 107,400 | — | — | — | (7,307) | (926) | 99,167 | 100,000 | 1,706 |
0.90%, 03/11/26 | 366,742 | — | — | — | (29,058) | (248) | 337,436 | 375,000 | 1,687 |
1.15%, 05/13/26 | 247,038 | — | — | — | (21,171) | (27) | 225,840 | 250,000 | 1,437 |
3.20%, 03/02/27 | 214,240 | — | (24,449) | (2,483) | (16,304) | (1,579) | 169,425 | 175,000 | 3,100 |
2.45%, 03/03/27 | — | 437,186 | — | — | (17,338) | 582 | 420,430 | 450,000 | 2,664 |
3.30%, 04/01/27 | 241,650 | — | (48,539) | (5,472) | (15,773) | (1,813) | 170,053 | 175,000 | 3,712 |
3.20%, 01/25/28 | 242,089 | — | (26,080) | 103 | (23,916) | (730) | 191,466 | 200,000 | 3,338 |
2.00%, 03/20/28 | 354,686 | — | — | — | (41,511) | (279) | 312,896 | 350,000 | 3,500 |
4.00%, 02/01/29 | 224,536 | — | (55,102) | (241) | (20,088) | (1,323) | 147,782 | 150,000 | 3,111 |
3.25%, 05/22/29 | 215,274 | — | (52,728) | 333 | (22,639) | (480) | 139,760 | 150,000 | 2,528 |
2.75%, 10/01/29 | 157,104 | — | (23,403) | (2,805) | (17,764) | (413) | 112,719 | 125,000 | 1,915 |
4.63%, 03/22/30 | 177,897 | — | — | — | (24,626) | (1,217) | 152,054 | 150,000 | 3,469 |
1.65%, 03/11/31 | 240,508 | — | (46,579) | (925) | (32,619) | 487 | 160,872 | 200,000 | 1,696 |
2.30%, 05/13/31 | 202,140 | — | — | — | (32,513) | (221) | 169,406 | 200,000 | 2,300 |
1.95%, 12/01/31 | 245,733 | — | — | — | (43,005) | 182 | 202,910 | 250,000 | 2,410 |
2.90%, 03/03/32 | — | 288,959 | — | — | (24,874) | 227 | 264,312 | 300,000 | 2,103 |
Total | $4,669,609 | $825,836 | ($559,036) | ($11,661) | ($442,249) | ($16,739) | $4,465,760 | $55,710 |
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 | $— | $1,782,122,769 | $— | $1,782,122,769 |
Treasuries 1 | — | 3,056,749,268 | — | 3,056,749,268 |
Government Related1 | — | 397,984,436 | — | 397,984,436 |
Securitized 1 | — | 2,261,217,945 | — | 2,261,217,945 |
Short-Term Investments1 | 121,215,862 | — | — | 121,215,862 |
Total | $121,215,862 | $7,498,074,418 | $— | $7,619,290,280 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $4,909,172) | $4,465,760 | |
Investments in securities, at value - unaffiliated (cost $8,351,896,152) including securities on loan of $4,799,645 | 7,614,824,520 | |
Cash | 282,277 | |
Deposits with brokers for TBA margin | 1,600,000 | |
Receivables: | ||
Investments sold | 108,710,798 | |
Interest | 39,098,451 | |
Dividends | 94,783 | |
Income from securities on loan | + | 2,402 |
Total assets | 7,769,078,991 | |
Liabilities | ||
Collateral held for securities on loan | 4,892,515 | |
Payables: | ||
Investments bought - delayed delivery | 153,056,017 | |
Investments bought | 92,924,470 | |
Management fees | + | 248,586 |
Total liabilities | 251,121,588 | |
Net assets | $7,517,957,403 | |
Net Assets by Source | ||
Capital received from investors | $8,322,462,403 | |
Total distributable loss | + | (804,505,000) |
Net assets | $7,517,957,403 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,517,957,403 | 156,900,000 | $47.92 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $85,122,756 | |
Dividends received from securities - unaffiliated | 175,505 | |
Interest received from securities - affiliated | 38,971 | |
Securities on loan, net | + | 15,382 |
Total investment income | 85,352,614 | |
Expenses | ||
Management fees | 1,615,138 | |
Total expenses | – | 1,615,138 |
Net investment income | 83,737,476 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (5,105) | |
Net realized losses on sales of securities - unaffiliated | (52,094,660) | |
Net realized losses on sales of in-kind redemptions - affiliated | (6,556) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (1,243,859) |
Net realized losses | (53,350,180) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (442,249) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (932,764,396) |
Net change in unrealized appreciation (depreciation) | + | (933,206,645) |
Net realized and unrealized losses | (986,556,825) | |
Decrease in net assets resulting from operations | ($902,819,349) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $83,737,476 | $157,734,609 | |
Net realized gains (losses) | (53,350,180) | 34,204,386 | |
Net change in unrealized appreciation (depreciation) | + | (933,206,645) | (346,508,432) |
Decrease in net assets from operations | ($902,819,349) | ($154,569,437) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($77,125,550) | ($191,909,550) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 5,700,000 | $289,818,878 | 23,200,000 | $1,267,931,523 | |
Shares redeemed | + | (17,100,000) | (865,712,346) | (10,700,000) | (580,401,838) |
Net transactions in fund shares | (11,400,000) | ($575,893,468) | 12,500,000 | $687,529,685 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 168,300,000 | $9,073,795,770 | 155,800,000 | $8,732,745,072 | |
Total increase (decrease) | + | (11,400,000) | (1,555,838,367) | 12,500,000 | 341,050,698 |
End of period | 156,900,000 | $7,517,957,403 | 168,300,000 | $9,073,795,770 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/19 1– 12/31/19 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.57 | $51.37 | $50.04 | $50.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.30 | 0.50 | 0.89 | 0.23 | ||
Net realized and unrealized gains (losses) | (3.10) | (0.82) | 1.74 | 0.02 | ||
Total from investment operations | (2.80) | (0.32) | 2.63 | 0.25 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.27) | (0.48) | (0.89) | (0.21) | ||
Distributions from net realized gains | — | — | (0.41) | — | ||
Total distributions | (0.27) | (0.48) | (1.30) | (0.21) | ||
Net asset value at end of period | $47.50 | $50.57 | $51.37 | $50.04 | ||
Total return | (5.56%) 3 | (0.64%) | 5.31% | 0.50% 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.05% 5 | 0.05% | 0.06% 4,6 | ||
Net investment income (loss) | 1.25% 4 | 0.99% | 1.74% | 2.01% 4 | ||
Portfolio turnover rate7 | 8% 3 | 13% | 80% | 12% 3 | ||
Net assets, end of period (x 1,000) | $363,346 | $609,404 | $118,146 | $35,029 |
* | Unaudited. |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 99.0% OF NET ASSETS | ||
Financial Institutions 45.8% | ||
Banking 36.2% | ||
Ally Financial, Inc. | ||
1.45%, 10/02/23 (a) | 200,000 | 193,494 |
3.88%, 05/21/24 (a) | 150,000 | 148,601 |
5.13%, 09/30/24 | 120,000 | 121,469 |
4.63%, 03/30/25 | 75,000 | 74,663 |
5.80%, 05/01/25 (a) | 150,000 | 153,569 |
4.75%, 06/09/27 (a) | 100,000 | 96,082 |
American Express Co. | ||
3.70%, 08/03/23 (a) | 375,000 | 376,429 |
0.75%, 11/03/23 | 150,000 | 145,278 |
3.40%, 02/22/24 (a) | 200,000 | 199,580 |
3.38%, 05/03/24 | 300,000 | 298,260 |
2.50%, 07/30/24 (a) | 235,000 | 229,132 |
3.00%, 10/30/24 (a) | 340,000 | 334,006 |
2.25%, 03/04/25 (a) | 250,000 | 240,760 |
4.20%, 11/06/25 (a) | 125,000 | 127,060 |
3.13%, 05/20/26 (a) | 175,000 | 170,114 |
1.65%, 11/04/26 (a) | 225,000 | 204,104 |
2.55%, 03/04/27 (a) | 300,000 | 279,858 |
3.30%, 05/03/27 (a) | 300,000 | 288,816 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
0.88%, 09/18/23 | 200,000 | 193,352 |
1.13%, 09/18/25 | 200,000 | 181,584 |
Banco Santander S.A. | ||
2.71%, 06/27/24 | 200,000 | 195,472 |
3.50%, 03/24/25 | 200,000 | 195,764 |
2.75%, 05/28/25 | 400,000 | 379,876 |
5.18%, 11/19/25 | 200,000 | 200,834 |
1.85%, 03/25/26 | 350,000 | 315,329 |
4.25%, 04/11/27 | 200,000 | 193,184 |
1.72%, 09/14/27 (a)(b) | 200,000 | 173,812 |
4.18%, 03/24/28 (a)(b) | 200,000 | 191,276 |
Bank of America Corp. | ||
4.10%, 07/24/23 | 300,000 | 302,886 |
4.13%, 01/22/24 | 500,000 | 505,745 |
4.00%, 04/01/24 | 325,000 | 327,834 |
3.86%, 07/23/24 (a)(b) | 425,000 | 423,257 |
4.20%, 08/26/24 | 500,000 | 501,405 |
0.81%, 10/24/24 (a)(b) | 400,000 | 381,772 |
4.00%, 01/22/25 | 450,000 | 448,533 |
3.46%, 03/15/25 (a)(b) | 400,000 | 394,956 |
3.95%, 04/21/25 | 475,000 | 469,775 |
0.98%, 04/22/25 (a)(b) | 350,000 | 329,308 |
3.84%, 04/25/25 (a)(b) | 350,000 | 349,023 |
3.88%, 08/01/25 | 325,000 | 324,204 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.98%, 09/25/25 (a)(b) | 400,000 | 371,056 |
3.09%, 10/01/25 (a)(b) | 375,000 | 363,765 |
2.46%, 10/22/25 (a)(b) | 425,000 | 405,526 |
1.53%, 12/06/25 (a)(b) | 100,000 | 93,081 |
3.37%, 01/23/26 (a)(b) | 420,000 | 406,783 |
2.02%, 02/13/26 (a)(b) | 330,000 | 309,002 |
4.45%, 03/03/26 | 325,000 | 324,382 |
3.38%, 04/02/26 (a)(b) | 550,000 | 533,291 |
3.50%, 04/19/26 | 425,000 | 414,375 |
1.32%, 06/19/26 (a)(b) | 600,000 | 545,964 |
4.25%, 10/22/26 | 350,000 | 345,411 |
1.20%, 10/24/26 (a)(b) | 350,000 | 313,866 |
1.66%, 03/11/27 (a)(b) | 500,000 | 449,920 |
3.56%, 04/23/27 (a)(b) | 500,000 | 479,665 |
1.73%, 07/22/27 (a)(b)(c) | 1,000,000 | 891,650 |
3.82%, 01/20/28 (a)(b) | 400,000 | 383,884 |
2.55%, 02/04/28 (a)(b) | 425,000 | 387,107 |
3.71%, 04/24/28 (a)(b) | 250,000 | 238,463 |
4.38%, 04/27/28 (a)(b) | 350,000 | 345,058 |
Bank of Montreal | ||
0.45%, 12/08/23 | 250,000 | 239,897 |
3.30%, 02/05/24 | 400,000 | 399,172 |
2.50%, 06/28/24 | 230,000 | 224,811 |
1.50%, 01/10/25 | 300,000 | 283,122 |
1.85%, 05/01/25 | 325,000 | 307,515 |
1.25%, 09/15/26 | 250,000 | 221,743 |
0.95%, 01/22/27 (a)(b) | 200,000 | 178,286 |
2.65%, 03/08/27 | 200,000 | 185,680 |
4.34%, 10/05/28 (a)(b) | 175,000 | 174,956 |
Bank of New York Mellon Corp. | ||
3.45%, 08/11/23 | 150,000 | 150,528 |
2.20%, 08/16/23 (a) | 250,000 | 247,455 |
0.35%, 12/07/23 (a) | 100,000 | 96,381 |
3.65%, 02/04/24 (a) | 200,000 | 200,768 |
0.50%, 04/26/24 (a) | 100,000 | 95,051 |
3.40%, 05/15/24 (a) | 100,000 | 99,958 |
3.25%, 09/11/24 (a) | 100,000 | 99,358 |
2.10%, 10/24/24 | 175,000 | 169,601 |
3.00%, 02/24/25 (a) | 95,000 | 93,234 |
1.60%, 04/24/25 (a) | 250,000 | 235,285 |
3.95%, 11/18/25 (a) | 75,000 | 75,262 |
0.75%, 01/28/26 (a) | 100,000 | 90,165 |
2.80%, 05/04/26 (a) | 200,000 | 192,896 |
2.45%, 08/17/26 (a) | 150,000 | 141,977 |
1.05%, 10/15/26 (a) | 150,000 | 133,187 |
3.25%, 05/16/27 (a) | 150,000 | 145,673 |
3.44%, 02/07/28 (a)(b) | 150,000 | 144,987 |
3.99%, 06/13/28 (a)(b) | 150,000 | 148,536 |
Bank of Nova Scotia | ||
0.40%, 09/15/23 | 250,000 | 241,655 |
0.55%, 09/15/23 | 125,000 | 120,938 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 02/11/24 | 325,000 | 324,064 |
0.70%, 04/15/24 | 350,000 | 331,856 |
2.20%, 02/03/25 | 130,000 | 124,569 |
3.45%, 04/11/25 | 250,000 | 246,735 |
1.30%, 06/11/25 | 150,000 | 139,304 |
4.50%, 12/16/25 | 225,000 | 225,380 |
1.05%, 03/02/26 | 275,000 | 245,762 |
1.35%, 06/24/26 | 200,000 | 179,560 |
2.70%, 08/03/26 | 300,000 | 283,503 |
1.30%, 09/15/26 (a) | 200,000 | 177,586 |
1.95%, 02/02/27 | 100,000 | 90,454 |
2.95%, 03/11/27 | 100,000 | 94,159 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 100,000 | 101,012 |
Barclays PLC | ||
4.38%, 09/11/24 | 200,000 | 199,202 |
1.01%, 12/10/24 (a)(b) | 300,000 | 284,940 |
3.65%, 03/16/25 | 375,000 | 367,234 |
3.93%, 05/07/25 (a)(b) | 400,000 | 394,100 |
4.38%, 01/12/26 | 400,000 | 395,644 |
2.85%, 05/07/26 (a)(b) | 250,000 | 236,385 |
5.20%, 05/12/26 | 350,000 | 349,366 |
2.28%, 11/24/27 (a)(b) | 300,000 | 266,355 |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 200,000 | 199,624 |
BPCE S.A. | ||
4.00%, 04/15/24 | 250,000 | 249,537 |
Cadence Bank | ||
4.13%, 11/20/29 (a)(b) | 25,000 | 24,586 |
Canadian Imperial Bank of Commerce | ||
3.50%, 09/13/23 | 200,000 | 200,312 |
0.50%, 12/14/23 | 175,000 | 167,664 |
3.10%, 04/02/24 | 235,000 | 232,631 |
2.25%, 01/28/25 | 225,000 | 216,016 |
0.95%, 10/23/25 | 100,000 | 90,760 |
1.25%, 06/22/26 | 175,000 | 156,296 |
3.45%, 04/07/27 | 150,000 | 143,963 |
Capital One Financial Corp. | ||
3.90%, 01/29/24 (a) | 250,000 | 250,067 |
3.75%, 04/24/24 (a) | 100,000 | 99,721 |
3.30%, 10/30/24 (a) | 300,000 | 293,160 |
1.34%, 12/06/24 (a)(b) | 300,000 | 287,604 |
3.20%, 02/05/25 (a) | 195,000 | 189,675 |
4.25%, 04/30/25 (a) | 50,000 | 49,990 |
4.20%, 10/29/25 (a) | 250,000 | 246,627 |
2.64%, 03/03/26 (a)(b) | 100,000 | 94,567 |
3.75%, 07/28/26 (a) | 300,000 | 287,256 |
3.75%, 03/09/27 (a) | 300,000 | 287,361 |
3.65%, 05/11/27 (a) | 200,000 | 190,674 |
1.88%, 11/02/27 (a)(b) | 225,000 | 197,291 |
4.93%, 05/10/28 (a)(b) | 300,000 | 297,474 |
CIT Bank NA | ||
2.97%, 09/27/25 (a)(b) | 150,000 | 144,047 |
Citibank NA | ||
3.65%, 01/23/24 (a) | 400,000 | 401,652 |
Citigroup, Inc. | ||
3.88%, 10/25/23 | 100,000 | 101,018 |
3.75%, 06/16/24 | 140,000 | 140,809 |
4.00%, 08/05/24 | 145,000 | 145,000 |
0.78%, 10/30/24 (a)(b) | 500,000 | 477,100 |
3.88%, 03/26/25 | 175,000 | 172,958 |
3.35%, 04/24/25 (a)(b) | 550,000 | 539,638 |
3.30%, 04/27/25 | 325,000 | 320,447 |
0.98%, 05/01/25 (a)(b) | 400,000 | 374,832 |
4.40%, 06/10/25 | 400,000 | 399,852 |
5.50%, 09/13/25 | 250,000 | 257,392 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.28%, 11/03/25 (a)(b) | 100,000 | 93,042 |
3.70%, 01/12/26 | 350,000 | 343,812 |
4.60%, 03/09/26 | 250,000 | 250,862 |
3.29%, 03/17/26 (a)(b) | 300,000 | 290,760 |
3.11%, 04/08/26 (a)(b) | 600,000 | 577,278 |
3.40%, 05/01/26 | 400,000 | 387,364 |
3.20%, 10/21/26 (a) | 575,000 | 547,659 |
4.30%, 11/20/26 | 175,000 | 172,968 |
1.12%, 01/28/27 (a)(b) | 500,000 | 442,070 |
1.46%, 06/09/27 (a)(b) | 525,000 | 464,310 |
3.89%, 01/10/28 (a)(b) | 450,000 | 432,670 |
3.07%, 02/24/28 (a)(b) | 450,000 | 417,717 |
4.66%, 05/24/28 (a)(b) | 300,000 | 297,948 |
Citizens Bank NA | ||
3.75%, 02/18/26 (a) | 250,000 | 245,815 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 50,000 | 49,711 |
2.85%, 07/27/26 (a) | 50,000 | 46,899 |
Comerica Bank | ||
2.50%, 07/23/24 | 250,000 | 242,920 |
Comerica, Inc. | ||
3.70%, 07/31/23 (a) | 100,000 | 99,980 |
Cooperatieve Rabobank UA | ||
0.38%, 01/12/24 | 250,000 | 238,465 |
3.38%, 05/21/25 | 250,000 | 246,630 |
4.38%, 08/04/25 | 300,000 | 297,315 |
3.75%, 07/21/26 | 250,000 | 238,395 |
Credit Suisse AG | ||
0.52%, 08/09/23 | 250,000 | 241,517 |
0.50%, 02/02/24 | 250,000 | 235,953 |
3.63%, 09/09/24 | 400,000 | 392,796 |
3.70%, 02/21/25 | 250,000 | 244,782 |
2.95%, 04/09/25 | 250,000 | 239,293 |
1.25%, 08/07/26 | 300,000 | 262,860 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 400,000 | 388,120 |
4.55%, 04/17/26 | 350,000 | 342,475 |
Deutsche Bank AG | ||
0.96%, 11/08/23 | 200,000 | 191,912 |
0.90%, 05/28/24 | 200,000 | 187,758 |
3.70%, 05/30/24 | 200,000 | 197,802 |
2.22%, 09/18/24 (a)(b) | 300,000 | 290,214 |
1.45%, 04/01/25 (a)(b) | 150,000 | 140,388 |
3.96%, 11/26/25 (a)(b) | 325,000 | 315,071 |
4.10%, 01/13/26 | 150,000 | 148,402 |
1.69%, 03/19/26 | 150,000 | 134,613 |
2.13%, 11/24/26 (a)(b) | 350,000 | 311,675 |
2.31%, 11/16/27 (a)(b) | 300,000 | 259,122 |
2.55%, 01/07/28 (a)(b) | 300,000 | 259,737 |
Discover Bank | ||
4.20%, 08/08/23 | 250,000 | 250,830 |
2.45%, 09/12/24 (a) | 250,000 | 240,350 |
4.25%, 03/13/26 | 100,000 | 97,732 |
3.45%, 07/27/26 (a) | 250,000 | 236,668 |
Discover Financial Services | ||
3.95%, 11/06/24 (a) | 50,000 | 49,372 |
4.50%, 01/30/26 (a) | 50,000 | 49,057 |
4.10%, 02/09/27 (a) | 150,000 | 143,844 |
Fifth Third Bancorp | ||
4.30%, 01/16/24 (a) | 225,000 | 226,433 |
3.65%, 01/25/24 (a) | 300,000 | 298,881 |
2.38%, 01/28/25 (a) | 170,000 | 162,969 |
2.55%, 05/05/27 (a) | 200,000 | 183,626 |
1.71%, 11/01/27 (a)(b) | 125,000 | 110,960 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 200,000 | 200,598 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 25,000 | 23,876 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 75,000 | 73,784 |
Goldman Sachs Group, Inc. | ||
1.22%, 12/06/23 (a) | 200,000 | 193,042 |
3.63%, 02/20/24 (a) | 290,000 | 289,147 |
4.00%, 03/03/24 | 525,000 | 526,701 |
3.00%, 03/15/24 | 200,000 | 197,508 |
3.85%, 07/08/24 (a) | 475,000 | 476,468 |
0.66%, 09/10/24 (a)(b) | 300,000 | 287,373 |
0.93%, 10/21/24 (a)(b) | 300,000 | 287,424 |
3.50%, 01/23/25 (a) | 575,000 | 568,428 |
1.76%, 01/24/25 (a)(b) | 300,000 | 288,882 |
3.50%, 04/01/25 (a) | 650,000 | 638,800 |
3.75%, 05/22/25 (a) | 350,000 | 346,286 |
3.27%, 09/29/25 (a)(b) | 525,000 | 511,009 |
4.25%, 10/21/25 | 325,000 | 323,336 |
0.86%, 02/12/26 (a)(b) | 150,000 | 136,685 |
3.75%, 02/25/26 (a) | 300,000 | 294,672 |
3.50%, 11/16/26 (a) | 425,000 | 408,727 |
1.09%, 12/09/26 (a)(b) | 425,000 | 378,212 |
5.95%, 01/15/27 | 150,000 | 157,016 |
3.85%, 01/26/27 (a) | 600,000 | 580,692 |
1.43%, 03/09/27 (a)(b) | 575,000 | 511,520 |
1.54%, 09/10/27 (a)(b) | 450,000 | 395,361 |
1.95%, 10/21/27 (a)(b) | 800,000 | 708,656 |
2.64%, 02/24/28 (a)(b) | 525,000 | 476,878 |
3.62%, 03/15/28 (a)(b) | 250,000 | 236,968 |
3.69%, 06/05/28 (a)(b) | 300,000 | 284,691 |
HSBC Holdings PLC | ||
4.25%, 03/14/24 | 400,000 | 398,704 |
0.73%, 08/17/24 (a)(b) | 300,000 | 288,033 |
1.16%, 11/22/24 (a)(b) | 200,000 | 191,294 |
3.80%, 03/11/25 (a)(b) | 450,000 | 443,952 |
0.98%, 05/24/25 (a)(b) | 400,000 | 373,476 |
4.25%, 08/18/25 | 300,000 | 296,034 |
2.63%, 11/07/25 (a)(b) | 350,000 | 333,900 |
4.30%, 03/08/26 | 550,000 | 545,149 |
3.00%, 03/10/26 (a)(b) | 200,000 | 190,928 |
1.65%, 04/18/26 (a)(b) | 350,000 | 321,366 |
3.90%, 05/25/26 | 250,000 | 244,937 |
2.10%, 06/04/26 (a)(b) | 400,000 | 370,028 |
4.29%, 09/12/26 (a)(b) | 500,000 | 490,000 |
4.38%, 11/23/26 | 200,000 | 195,948 |
1.59%, 05/24/27 (a)(b) | 300,000 | 263,991 |
2.25%, 11/22/27 (a)(b) | 450,000 | 401,251 |
4.04%, 03/13/28 (a)(b) | 500,000 | 475,560 |
4.76%, 06/09/28 (a)(b) | 400,000 | 389,228 |
HSBC USA, Inc. | ||
3.50%, 06/23/24 | 150,000 | 149,091 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 100,000 | 97,172 |
4.00%, 05/15/25 (a) | 100,000 | 99,641 |
Huntington National Bank | ||
3.55%, 10/06/23 (a) | 150,000 | 149,916 |
4.55%, 05/17/28 (a)(b) | 250,000 | 249,057 |
ING Groep N.V. | ||
4.10%, 10/02/23 | 250,000 | 250,910 |
3.55%, 04/09/24 | 200,000 | 198,460 |
3.87%, 03/28/26 (a)(b) | 200,000 | 196,230 |
3.95%, 03/29/27 | 200,000 | 193,132 |
1.73%, 04/01/27 (a)(b) | 200,000 | 178,838 |
4.02%, 03/28/28 (a)(b) | 250,000 | 238,790 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
JPMorgan Chase & Co. | ||
3.88%, 02/01/24 | 300,000 | 302,049 |
3.63%, 05/13/24 | 400,000 | 400,672 |
3.80%, 07/23/24 (a)(b) | 365,000 | 363,974 |
3.88%, 09/10/24 | 575,000 | 574,057 |
0.65%, 09/16/24 (a)(b) | 200,000 | 191,992 |
4.02%, 12/05/24 (a)(b) | 400,000 | 398,756 |
3.13%, 01/23/25 (a) | 400,000 | 394,600 |
0.56%, 02/16/25 (a)(b) | 200,000 | 188,710 |
3.22%, 03/01/25 (a)(b) | 400,000 | 393,272 |
0.82%, 06/01/25 (a)(b) | 300,000 | 280,833 |
3.85%, 06/14/25 (a)(b) | 300,000 | 297,102 |
0.97%, 06/23/25 (a)(b) | 300,000 | 280,770 |
3.90%, 07/15/25 (a) | 475,000 | 477,399 |
7.75%, 07/15/25 | 75,000 | 82,196 |
2.30%, 10/15/25 (a)(b) | 355,000 | 338,606 |
1.56%, 12/10/25 (a)(b) | 550,000 | 515,278 |
2.01%, 03/13/26 (a)(b) | 400,000 | 374,588 |
3.30%, 04/01/26 (a) | 450,000 | 437,364 |
2.08%, 04/22/26 (a)(b) | 650,000 | 609,433 |
4.08%, 04/26/26 (a)(b) | 300,000 | 297,342 |
3.20%, 06/15/26 (a) | 300,000 | 291,177 |
2.95%, 10/01/26 (a) | 500,000 | 477,635 |
1.05%, 11/19/26 (a)(b) | 500,000 | 445,315 |
4.13%, 12/15/26 | 350,000 | 347,854 |
3.96%, 01/29/27 (a)(b) | 400,000 | 391,920 |
1.04%, 02/04/27 (a)(b) | 375,000 | 331,856 |
1.58%, 04/22/27 (a)(b) | 400,000 | 357,144 |
8.00%, 04/29/27 | 75,000 | 86,127 |
1.47%, 09/22/27 (a)(b) | 525,000 | 460,966 |
3.78%, 02/01/28 (a)(b) | 500,000 | 480,440 |
2.95%, 02/24/28 (a)(b) | 250,000 | 232,005 |
4.32%, 04/26/28 (a)(b) | 500,000 | 492,560 |
3.54%, 05/01/28 (a)(b) | 375,000 | 355,462 |
2.18%, 06/01/28 (a)(b) | 250,000 | 223,015 |
KeyBank NA | ||
3.40%, 05/20/26 | 200,000 | 192,002 |
KeyCorp | ||
4.15%, 10/29/25 | 50,000 | 49,891 |
2.25%, 04/06/27 | 150,000 | 135,087 |
Lloyds Banking Group PLC | ||
4.05%, 08/16/23 | 300,000 | 300,993 |
3.90%, 03/12/24 | 200,000 | 199,722 |
4.50%, 11/04/24 | 200,000 | 199,354 |
4.45%, 05/08/25 | 300,000 | 300,519 |
3.87%, 07/09/25 (a)(b) | 300,000 | 296,736 |
4.58%, 12/10/25 | 250,000 | 245,532 |
2.44%, 02/05/26 (a)(b) | 250,000 | 236,928 |
4.65%, 03/24/26 | 225,000 | 221,240 |
3.75%, 01/11/27 | 250,000 | 241,500 |
1.63%, 05/11/27 (a)(b) | 200,000 | 178,072 |
3.75%, 03/18/28 (a)(b) | 200,000 | 190,322 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 244,987 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.76%, 07/26/23 | 250,000 | 249,827 |
2.53%, 09/13/23 | 200,000 | 198,136 |
3.41%, 03/07/24 | 250,000 | 248,285 |
2.80%, 07/18/24 | 250,000 | 243,760 |
0.85%, 09/15/24 (a)(b) | 200,000 | 192,798 |
2.19%, 02/25/25 | 400,000 | 380,216 |
3.78%, 03/02/25 | 250,000 | 248,367 |
1.41%, 07/17/25 | 200,000 | 184,038 |
0.95%, 07/19/25 (a)(b) | 450,000 | 420,489 |
3.85%, 03/01/26 | 550,000 | 541,062 |
2.76%, 09/13/26 | 200,000 | 187,322 |
1.54%, 07/20/27 (a)(b) | 300,000 | 265,044 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.64%, 10/13/27 (a)(b) | 200,000 | 176,526 |
2.34%, 01/19/28 (a)(b) | 250,000 | 226,013 |
4.08%, 04/19/28 (a)(b) | 200,000 | 194,948 |
Mizuho Financial Group, Inc. | ||
1.24%, 07/10/24 (a)(b) | 200,000 | 194,508 |
0.85%, 09/08/24 (a)(b) | 200,000 | 192,418 |
3.92%, 09/11/24 (a)(b) | 50,000 | 49,925 |
2.84%, 07/16/25 (a)(b) | 150,000 | 145,361 |
2.56%, 09/13/25 (a)(b) | 50,000 | 47,976 |
2.23%, 05/25/26 (a)(b) | 200,000 | 187,292 |
2.84%, 09/13/26 | 200,000 | 186,184 |
3.66%, 02/28/27 | 100,000 | 95,792 |
1.23%, 05/22/27 (a)(b) | 200,000 | 174,970 |
1.55%, 07/09/27 (a)(b) | 200,000 | 176,018 |
Morgan Stanley | ||
3.88%, 04/29/24 | 500,000 | 501,550 |
3.70%, 10/23/24 | 600,000 | 598,926 |
0.79%, 01/22/25 (a)(b) | 300,000 | 283,956 |
0.79%, 05/30/25 (a)(b) | 500,000 | 465,915 |
2.72%, 07/22/25 (a)(b) | 385,000 | 371,640 |
4.00%, 07/23/25 | 525,000 | 525,310 |
0.86%, 10/21/25 (a)(b) | 250,000 | 230,805 |
1.16%, 10/21/25 (a)(b) | 300,000 | 278,334 |
5.00%, 11/24/25 | 325,000 | 330,951 |
3.88%, 01/27/26 | 525,000 | 518,128 |
2.63%, 02/18/26 (a)(b) | 250,000 | 239,215 |
2.19%, 04/28/26 (a)(b) | 600,000 | 563,106 |
3.13%, 07/27/26 | 200,000 | 190,938 |
6.25%, 08/09/26 | 200,000 | 213,240 |
4.35%, 09/08/26 | 400,000 | 396,300 |
0.99%, 12/10/26 (a)(b) | 400,000 | 354,928 |
3.63%, 01/20/27 | 600,000 | 582,738 |
3.95%, 04/23/27 | 300,000 | 291,138 |
1.59%, 05/04/27 (a)(b) | 675,000 | 602,316 |
1.51%, 07/20/27 (a)(b) | 550,000 | 483,873 |
2.48%, 01/21/28 (a)(b) | 400,000 | 364,304 |
4.21%, 04/20/28 (a)(b) | 400,000 | 391,544 |
National Australia Bank Ltd. | ||
2.50%, 07/12/26 | 350,000 | 330,228 |
3.91%, 06/09/27 | 250,000 | 247,135 |
National Bank of Canada | ||
0.55%, 11/15/24 (a)(b) | 250,000 | 238,630 |
Natwest Group PLC | ||
3.88%, 09/12/23 | 550,000 | 548,641 |
6.00%, 12/19/23 | 250,000 | 254,725 |
5.13%, 05/28/24 | 200,000 | 200,888 |
4.27%, 03/22/25 (a)(b) | 300,000 | 297,102 |
4.80%, 04/05/26 | 300,000 | 299,196 |
1.64%, 06/14/27 (a)(b) | 250,000 | 219,633 |
3.75%, 11/01/29 (a)(b) | 200,000 | 192,100 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 125,000 | 125,588 |
4.00%, 05/10/27 (a) | 150,000 | 151,142 |
3.38%, 05/08/32 (a)(b) | 100,000 | 94,316 |
Pacific Western Bank | ||
3.25%, 05/01/31 (a)(b) | 100,000 | 91,858 |
PNC Bank NA | ||
3.80%, 07/25/23 (a) | 250,000 | 251,282 |
2.95%, 02/23/25 (a) | 250,000 | 243,760 |
3.88%, 04/10/25 (a) | 250,000 | 247,917 |
4.20%, 11/01/25 (a) | 250,000 | 250,177 |
PNC Financial Services Group, Inc. | ||
3.50%, 01/23/24 (a) | 225,000 | 225,142 |
3.90%, 04/29/24 (a) | 65,000 | 65,366 |
2.20%, 11/01/24 (a) | 150,000 | 145,527 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.15%, 08/13/26 (a) | 150,000 | 134,138 |
3.15%, 05/19/27 (a) | 200,000 | 190,938 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 100,000 | 95,478 |
Royal Bank of Canada | ||
3.70%, 10/05/23 | 345,000 | 347,301 |
0.50%, 10/26/23 | 200,000 | 193,506 |
0.43%, 01/19/24 | 250,000 | 239,487 |
2.55%, 07/16/24 | 300,000 | 293,316 |
0.65%, 07/29/24 | 150,000 | 140,915 |
2.25%, 11/01/24 | 375,000 | 362,674 |
1.15%, 06/10/25 | 350,000 | 323,862 |
0.88%, 01/20/26 | 150,000 | 134,571 |
4.65%, 01/27/26 | 275,000 | 278,140 |
1.20%, 04/27/26 | 325,000 | 292,224 |
1.15%, 07/14/26 | 150,000 | 133,944 |
1.40%, 11/02/26 | 200,000 | 177,758 |
3.63%, 05/04/27 | 250,000 | 243,210 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 175,000 | 171,974 |
3.45%, 06/02/25 (a) | 200,000 | 192,890 |
4.50%, 07/17/25 (a) | 150,000 | 149,597 |
3.24%, 10/05/26 (a)(d) | 150,000 | 140,741 |
2.49%, 01/06/28 (a)(b) | 175,000 | 154,613 |
Santander UK Group Holdings PLC | ||
4.80%, 11/15/24 (a)(b) | 200,000 | 200,156 |
1.09%, 03/15/25 (a)(b) | 200,000 | 186,960 |
1.53%, 08/21/26 (a)(b) | 200,000 | 179,240 |
1.67%, 06/14/27 (a)(b) | 150,000 | 131,207 |
2.47%, 01/11/28 (a)(b) | 200,000 | 177,508 |
Santander UK PLC | ||
4.00%, 03/13/24 | 200,000 | 200,340 |
Signature Bank | ||
4.00%, 10/15/30 (a)(b) | 75,000 | 71,873 |
State Street Corp. | ||
3.70%, 11/20/23 | 200,000 | 201,668 |
3.78%, 12/03/24 (a)(b) | 100,000 | 99,933 |
3.30%, 12/16/24 | 100,000 | 99,754 |
3.55%, 08/18/25 | 325,000 | 323,589 |
2.35%, 11/01/25 (a)(b) | 250,000 | 240,650 |
2.90%, 03/30/26 (a)(b) | 100,000 | 97,033 |
2.65%, 05/19/26 | 100,000 | 95,753 |
2.20%, 02/07/28 (a)(b) | 125,000 | 114,521 |
Sumitomo Mitsui Banking Corp. | ||
3.40%, 07/11/24 | 200,000 | 198,226 |
Sumitomo Mitsui Financial Group, Inc. | ||
3.75%, 07/19/23 | 200,000 | 200,796 |
3.94%, 10/16/23 | 150,000 | 150,912 |
0.51%, 01/12/24 | 200,000 | 190,646 |
2.70%, 07/16/24 | 200,000 | 194,906 |
2.45%, 09/27/24 | 250,000 | 241,260 |
2.35%, 01/15/25 | 250,000 | 239,312 |
1.47%, 07/08/25 | 400,000 | 368,552 |
0.95%, 01/12/26 | 200,000 | 178,416 |
3.78%, 03/09/26 | 250,000 | 245,845 |
2.63%, 07/14/26 | 350,000 | 327,540 |
1.40%, 09/17/26 | 325,000 | 287,758 |
3.01%, 10/19/26 | 300,000 | 284,208 |
3.45%, 01/11/27 | 250,000 | 240,142 |
SVB Financial Group | ||
3.50%, 01/29/25 | 50,000 | 49,056 |
1.80%, 10/28/26 (a) | 150,000 | 133,766 |
4.35%, 04/29/28 (a)(b) | 50,000 | 48,587 |
Svenska Handelsbanken AB | ||
3.90%, 11/20/23 | 250,000 | 251,280 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 125,000 | 124,270 |
4.25%, 08/15/24 (a) | 250,000 | 248,915 |
4.88%, 06/13/25 (a) | 100,000 | 98,900 |
4.50%, 07/23/25 (a) | 200,000 | 194,602 |
Toronto-Dominion Bank | ||
3.50%, 07/19/23 | 325,000 | 326,066 |
0.45%, 09/11/23 | 300,000 | 290,502 |
0.55%, 03/04/24 | 150,000 | 142,823 |
3.25%, 03/11/24 | 200,000 | 198,676 |
2.65%, 06/12/24 | 325,000 | 319,004 |
0.70%, 09/10/24 | 200,000 | 187,850 |
1.45%, 01/10/25 | 100,000 | 94,730 |
1.15%, 06/12/25 | 250,000 | 230,895 |
0.75%, 09/11/25 | 75,000 | 67,740 |
0.75%, 01/06/26 | 250,000 | 223,713 |
1.20%, 06/03/26 | 250,000 | 223,820 |
1.25%, 09/10/26 | 250,000 | 222,018 |
1.95%, 01/12/27 | 150,000 | 135,635 |
2.80%, 03/10/27 | 200,000 | 187,512 |
4.11%, 06/08/27 | 300,000 | 296,991 |
3.63%, 09/15/31 (a)(b) | 275,000 | 264,962 |
Truist Bank | ||
3.20%, 04/01/24 (a) | 200,000 | 199,276 |
3.69%, 08/02/24 (a)(b) | 100,000 | 99,989 |
2.15%, 12/06/24 (a) | 250,000 | 241,127 |
1.50%, 03/10/25 (a) | 250,000 | 236,125 |
3.63%, 09/16/25 (a) | 300,000 | 294,597 |
4.05%, 11/03/25 (a) | 100,000 | 100,605 |
3.30%, 05/15/26 (a) | 200,000 | 193,124 |
Truist Financial Corp. | ||
3.75%, 12/06/23 (a) | 100,000 | 100,684 |
2.50%, 08/01/24 (a) | 175,000 | 170,914 |
2.85%, 10/26/24 (a) | 175,000 | 171,603 |
4.00%, 05/01/25 (a) | 175,000 | 175,478 |
3.70%, 06/05/25 (a) | 150,000 | 149,478 |
1.20%, 08/05/25 (a) | 150,000 | 138,176 |
1.27%, 03/02/27 (a)(b) | 225,000 | 202,298 |
4.12%, 06/06/28 (a)(b) | 300,000 | 296,322 |
US Bancorp | ||
3.70%, 01/30/24 (a) | 55,000 | 55,309 |
3.38%, 02/05/24 (a) | 255,000 | 255,574 |
2.40%, 07/30/24 (a) | 200,000 | 195,322 |
3.60%, 09/11/24 (a) | 150,000 | 149,751 |
1.45%, 05/12/25 (a) | 300,000 | 281,883 |
3.95%, 11/17/25 (a) | 150,000 | 150,858 |
3.10%, 04/27/26 (a) | 200,000 | 193,054 |
2.38%, 07/22/26 (a) | 200,000 | 188,774 |
3.15%, 04/27/27 (a) | 150,000 | 144,470 |
2.22%, 01/27/28 (a)(b) | 250,000 | 229,720 |
US Bank NA | ||
3.40%, 07/24/23 (a) | 250,000 | 249,777 |
2.05%, 01/21/25 (a) | 100,000 | 96,026 |
2.80%, 01/27/25 (a) | 200,000 | 195,588 |
Valley National Bancorp | ||
3.00%, 06/15/31 (a)(b) | 75,000 | 67,797 |
Wells Fargo & Co. | ||
4.13%, 08/15/23 | 275,000 | 277,021 |
4.48%, 01/16/24 | 100,000 | 101,218 |
3.75%, 01/24/24 (a) | 500,000 | 501,040 |
3.30%, 09/09/24 | 350,000 | 346,041 |
3.00%, 02/19/25 | 450,000 | 440,302 |
0.81%, 05/19/25 (a)(b) | 200,000 | 187,396 |
3.55%, 09/29/25 | 450,000 | 442,233 |
2.41%, 10/30/25 (a)(b) | 500,000 | 477,140 |
2.16%, 02/11/26 (a)(b) | 500,000 | 470,935 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 04/22/26 | 600,000 | 571,914 |
3.91%, 04/25/26 (a)(b) | 200,000 | 196,886 |
2.19%, 04/30/26 (a)(b) | 500,000 | 469,055 |
4.10%, 06/03/26 | 400,000 | 393,344 |
7.57%, 08/01/26 | 50,000 | 55,042 |
3.00%, 10/23/26 | 625,000 | 590,262 |
3.20%, 06/17/27 (a)(b) | 475,000 | 450,808 |
3.53%, 03/24/28 (a)(b) | 600,000 | 569,514 |
3.58%, 05/22/28 (a)(b) | 500,000 | 474,270 |
2.39%, 06/02/28 (a)(b) | 500,000 | 448,210 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 100,000 | 90,035 |
Westpac Banking Corp. | ||
3.30%, 02/26/24 | 350,000 | 349,212 |
2.35%, 02/19/25 | 175,000 | 169,206 |
3.74%, 08/26/25 | 150,000 | 149,637 |
2.85%, 05/13/26 | 350,000 | 336,122 |
1.15%, 06/03/26 | 300,000 | 269,445 |
2.70%, 08/19/26 | 200,000 | 190,276 |
3.35%, 03/08/27 | 100,000 | 96,918 |
2.89%, 02/04/30 (a)(b) | 175,000 | 165,953 |
4.32%, 11/23/31 (a)(b) | 275,000 | 265,034 |
131,465,710 | ||
Brokerage/Asset Managers/Exchanges 1.4% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 100,000 | 100,717 |
3.50%, 08/01/25 | 75,000 | 74,335 |
Ameriprise Financial, Inc. | ||
4.00%, 10/15/23 | 200,000 | 201,274 |
3.70%, 10/15/24 | 100,000 | 100,059 |
3.00%, 04/02/25 (a) | 100,000 | 97,842 |
BGC Partners, Inc. | ||
5.38%, 07/24/23 | 50,000 | 50,080 |
3.75%, 10/01/24 (a) | 100,000 | 97,595 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 185,000 | 186,064 |
3.20%, 03/15/27 | 150,000 | 147,331 |
Brookfield Asset Management, Inc. | ||
4.00%, 01/15/25 (a) | 165,000 | 163,980 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 175,000 | 174,652 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 100,000 | 97,719 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 150,000 | 148,287 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 50,000 | 48,086 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 50,000 | 48,677 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 (a) | 100,000 | 99,387 |
3.75%, 12/01/25 (a) | 250,000 | 248,105 |
Invesco Finance PLC | ||
4.00%, 01/30/24 | 25,000 | 25,032 |
3.75%, 01/15/26 | 175,000 | 172,928 |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25 (a) | 75,000 | 75,682 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.85%, 01/15/27 | 175,000 | 174,596 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 100,000 | 98,153 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 100,000 | 102,555 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 125,000 | 124,309 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 200,000 | 189,820 |
5.10%, 07/03/25 (e) | 200,000 | 200,946 |
1.85%, 07/16/25 | 300,000 | 276,315 |
1.65%, 07/14/26 | 200,000 | 175,634 |
2.33%, 01/22/27 | 200,000 | 177,082 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 115,000 | 115,521 |
The Charles Schwab Corp. | ||
3.55%, 02/01/24 (a)(f) | 70,000 | 70,154 |
0.75%, 03/18/24 (a)(f) | 225,000 | 215,818 |
3.75%, 04/01/24 (a)(f) | 55,000 | 55,393 |
4.20%, 03/24/25 (a)(f) | 75,000 | 76,213 |
3.63%, 04/01/25 (a)(f) | 50,000 | 49,949 |
3.85%, 05/21/25 (a)(f) | 120,000 | 120,553 |
3.45%, 02/13/26 (a)(f) | 30,000 | 29,750 |
0.90%, 03/11/26 (a)(f) | 200,000 | 179,966 |
1.15%, 05/13/26 (a)(f) | 150,000 | 135,504 |
3.20%, 03/02/27 (a)(f) | 100,000 | 96,814 |
2.45%, 03/03/27 (a)(f) | 200,000 | 186,858 |
3.30%, 04/01/27 (a)(f) | 50,000 | 48,587 |
5,258,322 | ||
Finance Companies 2.5% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.50%, 09/15/23 (a) | 150,000 | 149,665 |
1.15%, 10/29/23 | 300,000 | 286,512 |
4.88%, 01/16/24 (a) | 150,000 | 149,805 |
3.15%, 02/15/24 (a) | 150,000 | 145,867 |
2.88%, 08/14/24 (a) | 150,000 | 143,869 |
1.65%, 10/29/24 (a) | 550,000 | 509,393 |
3.50%, 01/15/25 (a) | 150,000 | 143,997 |
6.50%, 07/15/25 (a) | 200,000 | 204,788 |
4.45%, 10/01/25 (a) | 150,000 | 145,525 |
1.75%, 01/30/26 (a) | 200,000 | 174,630 |
4.45%, 04/03/26 (a) | 150,000 | 143,898 |
2.45%, 10/29/26 (a) | 600,000 | 522,822 |
Air Lease Corp. | ||
3.00%, 09/15/23 (a) | 55,000 | 54,245 |
4.25%, 02/01/24 (a) | 150,000 | 148,624 |
0.70%, 02/15/24 (a) | 150,000 | 141,699 |
0.80%, 08/18/24 (a) | 100,000 | 91,772 |
2.30%, 02/01/25 (a) | 150,000 | 140,664 |
3.25%, 03/01/25 (a) | 150,000 | 143,504 |
3.38%, 07/01/25 (a) | 125,000 | 117,893 |
2.88%, 01/15/26 (a) | 250,000 | 229,672 |
3.75%, 06/01/26 (a) | 150,000 | 141,260 |
1.88%, 08/15/26 (a) | 200,000 | 173,168 |
2.20%, 01/15/27 (a) | 150,000 | 130,892 |
3.63%, 04/01/27 (a) | 100,000 | 92,661 |
Aircastle Ltd. | ||
4.40%, 09/25/23 (a) | 125,000 | 123,795 |
4.13%, 05/01/24 (a) | 50,000 | 48,729 |
4.25%, 06/15/26 (a) | 150,000 | 138,492 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 160,000 | 157,333 |
4.25%, 03/01/25 (a) | 95,000 | 90,855 |
3.25%, 07/15/25 (a) | 225,000 | 208,253 |
3.88%, 01/15/26 (a) | 200,000 | 184,548 |
2.15%, 07/15/26 (a) | 175,000 | 147,320 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 125,000 | 111,980 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a)(d) | 75,000 | 64,605 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 75,000 | 68,175 |
Blackstone Private Credit Fund | ||
1.75%, 09/15/24 (d) | 75,000 | 69,413 |
2.35%, 11/22/24 (d) | 100,000 | 91,825 |
2.70%, 01/15/25 (a)(d) | 100,000 | 91,300 |
4.70%, 03/24/25 (d) | 150,000 | 144,591 |
2.63%, 12/15/26 (a)(d) | 225,000 | 188,044 |
3.25%, 03/15/27 (a)(d) | 175,000 | 148,640 |
Blackstone Secured Lending Fund | ||
3.65%, 07/14/23 | 75,000 | 74,612 |
3.63%, 01/15/26 (a) | 125,000 | 114,775 |
2.75%, 09/16/26 (a) | 125,000 | 109,503 |
2.13%, 02/15/27 (a) | 125,000 | 104,656 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 25,000 | 24,579 |
4.13%, 02/01/25 (a) | 160,000 | 152,131 |
3.40%, 01/15/26 (a) | 300,000 | 266,706 |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 50,000 | 50,399 |
3.25%, 03/30/25 (a) | 50,000 | 48,743 |
3.25%, 09/15/26 (a) | 100,000 | 95,652 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 60,000 | 58,170 |
2.88%, 01/15/26 (a) | 100,000 | 90,463 |
Golub Capital BDC, Inc. | ||
3.38%, 04/15/24 (a) | 100,000 | 96,653 |
2.50%, 08/24/26 (a) | 125,000 | 104,755 |
Hercules Capital, Inc. | ||
2.63%, 09/16/26 (a) | 75,000 | 64,916 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 125,000 | 124,620 |
3.00%, 07/14/26 (a) | 100,000 | 87,475 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a)(d) | 100,000 | 91,043 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 110,000 | 104,512 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 25,000 | 25,001 |
4.00%, 03/30/25 (a) | 105,000 | 99,297 |
3.75%, 07/22/25 (a) | 125,000 | 115,931 |
4.25%, 01/15/26 (a) | 150,000 | 138,158 |
3.40%, 07/15/26 (a) | 250,000 | 220,592 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a)(d) | 75,000 | 64,775 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 75,000 | 63,932 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 125,000 | 111,471 |
Sixth Street Specialty Lending, Inc. | ||
3.88%, 11/01/24 (a) | 95,000 | 91,720 |
9,199,963 | ||
Financial Other 0.1% | ||
ORIX Corp. | ||
4.05%, 01/16/24 | 25,000 | 25,100 |
3.25%, 12/04/24 | 150,000 | 147,589 |
172,689 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Insurance 2.9% | ||
Ace INA Holdings, Inc. | ||
3.15%, 03/15/25 | 150,000 | 147,349 |
3.35%, 05/03/26 (a) | 300,000 | 293,430 |
Aetna, Inc. | ||
2.80%, 06/15/23 (a) | 35,000 | 34,577 |
3.50%, 11/15/24 (a) | 125,000 | 123,679 |
Aflac, Inc. | ||
3.63%, 11/15/24 | 150,000 | 150,475 |
3.25%, 03/17/25 | 50,000 | 49,398 |
1.13%, 03/15/26 (a) | 75,000 | 67,839 |
2.88%, 10/15/26 (a) | 75,000 | 72,441 |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 98,282 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 135,112 |
5.75%, 08/15/53 (a)(b) | 150,000 | 133,412 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 98,579 |
American International Group, Inc. | ||
4.13%, 02/15/24 | 150,000 | 151,141 |
2.50%, 06/30/25 (a) | 250,000 | 238,600 |
3.90%, 04/01/26 (a) | 300,000 | 293,736 |
Anthem, Inc. | ||
3.50%, 08/15/24 (a) | 150,000 | 149,464 |
3.35%, 12/01/24 (a) | 150,000 | 148,186 |
2.38%, 01/15/25 (a) | 200,000 | 192,938 |
1.50%, 03/15/26 (a) | 150,000 | 137,313 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 107,001 |
2.85%, 05/28/27 (a) | 100,000 | 93,821 |
Aon PLC | ||
4.00%, 11/27/23 (a) | 75,000 | 75,420 |
3.50%, 06/14/24 (a) | 125,000 | 124,325 |
3.88%, 12/15/25 (a) | 100,000 | 99,001 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 56,000 | 56,432 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 91,000 | 92,900 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 475,000 | 466,611 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 100,000 | 93,761 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 70,000 | 70,019 |
Chubb INA Holdings, Inc. | ||
3.35%, 05/15/24 | 75,000 | 74,825 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 75,000 | 74,996 |
4.50%, 03/01/26 (a) | 100,000 | 100,372 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 100,000 | 101,553 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(d) | 175,000 | 170,450 |
3.65%, 04/05/27 (a)(d) | 200,000 | 188,546 |
First American Financial Corp. | ||
4.60%, 11/15/24 | 75,000 | 74,837 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 75,000 | 74,752 |
Humana, Inc. | ||
0.65%, 08/03/23 (a) | 250,000 | 242,322 |
3.85%, 10/01/24 (a) | 75,000 | 75,254 |
4.50%, 04/01/25 (a) | 125,000 | 126,534 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.35%, 02/03/27 (a) | 150,000 | 131,396 |
3.95%, 03/15/27 (a) | 100,000 | 98,381 |
Jackson Financial, Inc. | ||
1.13%, 11/22/23 (d) | 100,000 | 96,164 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 120,000 | 119,590 |
Lincoln National Corp. | ||
4.00%, 09/01/23 | 100,000 | 100,726 |
3.63%, 12/12/26 (a) | 100,000 | 97,126 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 100,000 | 99,205 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 175,000 | 173,689 |
4.06%, 02/24/32 (a)(b) | 125,000 | 115,759 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24 (a) | 210,000 | 210,500 |
3.50%, 06/03/24 (a) | 80,000 | 79,825 |
3.50%, 03/10/25 (a) | 100,000 | 98,870 |
3.75%, 03/14/26 (a) | 100,000 | 99,194 |
MetLife, Inc. | ||
4.37%, 09/15/23 | 125,000 | 126,538 |
3.60%, 04/10/24 | 175,000 | 175,556 |
3.00%, 03/01/25 | 100,000 | 98,393 |
3.60%, 11/13/25 (a) | 100,000 | 99,386 |
Old Republic International Corp. | ||
4.88%, 10/01/24 (a) | 75,000 | 76,169 |
3.88%, 08/26/26 (a) | 125,000 | 121,538 |
Principal Financial Group, Inc. | ||
3.40%, 05/15/25 (a) | 100,000 | 97,985 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 91,917 |
5.20%, 03/15/44 (a)(b) | 100,000 | 95,244 |
5.38%, 05/15/45 (a)(b) | 200,000 | 191,950 |
Reinsurance Group of America, Inc. | ||
4.70%, 09/15/23 | 75,000 | 75,731 |
3.95%, 09/15/26 (a) | 75,000 | 74,052 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 45,000 | 44,751 |
Swiss Re America Holding Corp. | ||
7.00%, 02/15/26 | 100,000 | 110,194 |
The Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 94,348 |
2.50%, 03/15/27 (a) | 100,000 | 94,516 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 125,000 | 123,704 |
UnitedHealth Group, Inc. | ||
3.50%, 02/15/24 | 150,000 | 150,682 |
0.55%, 05/15/24 (a) | 50,000 | 47,685 |
2.38%, 08/15/24 | 275,000 | 269,797 |
3.75%, 07/15/25 | 300,000 | 300,396 |
3.70%, 12/15/25 | 100,000 | 99,924 |
1.25%, 01/15/26 | 150,000 | 138,537 |
3.10%, 03/15/26 | 200,000 | 195,978 |
1.15%, 05/15/26 (a) | 250,000 | 227,695 |
3.70%, 05/15/27 (a) | 200,000 | 199,342 |
Unum Group | ||
4.00%, 03/15/24 | 50,000 | 49,940 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 75,000 | 72,944 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 100,000 | 98,820 |
4.65%, 06/15/27 (a) | 100,000 | 98,476 |
10,562,296 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
REITs 2.7% | ||
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 125,000 | 123,101 |
4.30%, 01/15/26 (a) | 50,000 | 50,241 |
3.95%, 01/15/27 (a) | 125,000 | 123,572 |
American Campus Communities Operating Partnership LP | ||
4.13%, 07/01/24 (a) | 75,000 | 75,406 |
3.30%, 07/15/26 (a) | 100,000 | 97,782 |
AvalonBay Communities, Inc. | ||
4.20%, 12/15/23 (a) | 75,000 | 75,322 |
3.50%, 11/15/24 (a) | 125,000 | 123,532 |
3.45%, 06/01/25 (a) | 75,000 | 73,856 |
3.50%, 11/15/25 (a) | 150,000 | 145,768 |
2.95%, 05/11/26 (a) | 100,000 | 95,675 |
Boston Properties LP | ||
3.13%, 09/01/23 (a) | 100,000 | 99,214 |
3.80%, 02/01/24 (a) | 125,000 | 124,599 |
3.20%, 01/15/25 (a) | 170,000 | 165,876 |
3.65%, 02/01/26 (a) | 300,000 | 291,588 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 75,000 | 74,452 |
Brixmor Operating Partnership LP | ||
3.65%, 06/15/24 (a) | 175,000 | 172,762 |
3.85%, 02/01/25 (a) | 20,000 | 19,705 |
4.13%, 06/15/26 (a) | 200,000 | 195,948 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 75,000 | 68,006 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 100,000 | 98,943 |
Duke Realty LP | ||
3.25%, 06/30/26 (a) | 75,000 | 72,337 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 125,000 | 117,240 |
Essex Portfolio LP | ||
3.88%, 05/01/24 (a) | 100,000 | 99,846 |
3.50%, 04/01/25 (a) | 15,000 | 14,729 |
3.38%, 04/15/26 (a) | 150,000 | 145,206 |
3.63%, 05/01/27 (a) | 100,000 | 96,929 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 125,000 | 124,799 |
1.25%, 02/15/26 (a) | 100,000 | 89,573 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 125,000 | 119,109 |
Healthpeak Properties, Inc. | ||
3.40%, 02/01/25 (a) | 25,000 | 24,602 |
4.00%, 06/01/25 (a) | 200,000 | 199,250 |
1.35%, 02/01/27 (a) | 100,000 | 87,943 |
Highwoods Realty LP | ||
3.88%, 03/01/27 (a) | 75,000 | 72,450 |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 115,000 | 114,200 |
4.50%, 02/01/26 (a) | 100,000 | 98,530 |
Kilroy Realty LP | ||
3.45%, 12/15/24 (a) | 75,000 | 73,163 |
4.38%, 10/01/25 (a) | 75,000 | 74,172 |
Kimco Realty Corp. | ||
2.70%, 03/01/24 (a) | 100,000 | 98,119 |
3.30%, 02/01/25 (a) | 25,000 | 24,491 |
2.80%, 10/01/26 (a) | 150,000 | 140,745 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 96,028 |
LifeStorage LP/CA | ||
3.50%, 07/01/26 (a) | 100,000 | 95,735 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mid-America Apartments LP | ||
4.30%, 10/15/23 (a) | 40,000 | 40,245 |
3.75%, 06/15/24 (a) | 100,000 | 99,702 |
1.10%, 09/15/26 (a) | 175,000 | 153,872 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 155,000 | 154,743 |
4.00%, 11/15/25 (a) | 100,000 | 99,663 |
Office Properties Income Trust | ||
4.25%, 05/15/24 (a) | 75,000 | 72,981 |
4.50%, 02/01/25 (a) | 100,000 | 95,919 |
2.65%, 06/15/26 (a) | 50,000 | 42,561 |
2.40%, 02/01/27 (a) | 75,000 | 61,319 |
Omega Healthcare Investors, Inc. | ||
4.38%, 08/01/23 (a) | 45,000 | 45,097 |
4.95%, 04/01/24 (a) | 75,000 | 75,310 |
4.50%, 01/15/25 (a) | 75,000 | 74,254 |
5.25%, 01/15/26 (a) | 125,000 | 123,902 |
4.50%, 04/01/27 (a) | 125,000 | 119,025 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 100,000 | 98,204 |
Piedmont Operating Partnership LP | ||
4.45%, 03/15/24 (a) | 75,000 | 75,477 |
Prologis LP | ||
3.25%, 10/01/26 (a) | 75,000 | 73,021 |
Public Storage | ||
0.88%, 02/15/26 (a) | 100,000 | 89,384 |
1.50%, 11/09/26 (a) | 100,000 | 90,394 |
Realty Income Corp. | ||
4.60%, 02/06/24 (a) | 50,000 | 50,481 |
3.88%, 07/15/24 (a) | 75,000 | 75,076 |
4.63%, 11/01/25 (a) | 150,000 | 152,205 |
0.75%, 03/15/26 (a) | 75,000 | 66,135 |
4.88%, 06/01/26 (a) | 75,000 | 76,554 |
4.13%, 10/15/26 (a) | 125,000 | 124,524 |
3.00%, 01/15/27 (a) | 150,000 | 142,294 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 100,000 | 97,043 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 100,000 | 97,242 |
Simon Property Group LP | ||
3.75%, 02/01/24 (a) | 125,000 | 124,842 |
2.00%, 09/13/24 (a) | 150,000 | 143,653 |
3.38%, 10/01/24 (a) | 100,000 | 99,099 |
3.50%, 09/01/25 (a) | 225,000 | 219,928 |
3.30%, 01/15/26 (a) | 200,000 | 193,604 |
3.25%, 11/30/26 (a) | 150,000 | 143,394 |
1.38%, 01/15/27 (a) | 75,000 | 65,732 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 100,000 | 97,298 |
4.25%, 02/01/26 (a) | 100,000 | 98,142 |
Spirit Realty LP | ||
3.20%, 01/15/27 (a) | 100,000 | 92,049 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 100,000 | 99,018 |
3.75%, 05/01/24 (a) | 35,000 | 34,800 |
2.65%, 01/15/25 (a) | 160,000 | 153,288 |
4.13%, 01/15/26 (a) | 150,000 | 148,492 |
3.25%, 10/15/26 (a) | 100,000 | 94,612 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 50,000 | 48,534 |
2.15%, 06/01/26 (a) | 50,000 | 44,572 |
Welltower, Inc. | ||
4.50%, 01/15/24 (a) | 25,000 | 25,182 |
3.63%, 03/15/24 (a) | 180,000 | 178,666 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 06/01/25 (a) | 225,000 | 223,814 |
4.25%, 04/01/26 (a) | 150,000 | 148,686 |
2.70%, 02/15/27 (a) | 75,000 | 69,416 |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 100,000 | 100,679 |
4.00%, 02/01/25 (a) | 75,000 | 74,791 |
4.25%, 10/01/26 (a) | 50,000 | 49,543 |
9,713,005 | ||
166,371,985 | ||
Industrial 48.1% | ||
Basic Industry 1.5% | ||
Air Products and Chemicals, Inc. | ||
3.35%, 07/31/24 (a) | 75,000 | 74,855 |
1.50%, 10/15/25 (a) | 100,000 | 94,251 |
1.85%, 05/15/27 (a) | 100,000 | 91,202 |
ArcelorMittal S.A. | ||
4.55%, 03/11/26 | 75,000 | 74,027 |
Braskem Finance Ltd. | ||
6.45%, 02/03/24 | 200,000 | 206,064 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 150,000 | 148,140 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24 (a) | 200,000 | 199,336 |
DuPont de Nemours, Inc. | ||
4.21%, 11/15/23 (a) | 425,000 | 427,652 |
4.49%, 11/15/25 (a) | 350,000 | 352,681 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 150,000 | 148,350 |
Ecolab, Inc. | ||
0.90%, 12/15/23 (a) | 50,000 | 48,575 |
2.70%, 11/01/26 (a) | 150,000 | 144,124 |
EI du Pont de Nemours and Co. | ||
1.70%, 07/15/25 (a) | 100,000 | 93,907 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25 (a) | 50,000 | 49,643 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 125,000 | 119,106 |
Freeport-McMoRan, Inc. | ||
4.55%, 11/14/24 (a) | 125,000 | 124,635 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 90,000 | 95,475 |
Kinross Gold Corp. | ||
5.95%, 03/15/24 (a) | 100,000 | 102,421 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 15,000 | 14,761 |
3.20%, 01/30/26 (a) | 125,000 | 124,529 |
LYB International Finance BV | ||
4.00%, 07/15/23 | 63,000 | 62,936 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 75,000 | 67,970 |
LyondellBasell Industries NV | ||
5.75%, 04/15/24 (a) | 200,000 | 204,668 |
Mosaic Co. | ||
4.25%, 11/15/23 (a) | 150,000 | 151,069 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 100,000 | 94,350 |
4.30%, 05/23/27 (a) | 150,000 | 149,596 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 100,000 | 97,731 |
4.00%, 12/15/26 (a) | 75,000 | 74,951 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 75,000 | 74,540 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 50,000 | 48,701 |
1.20%, 03/15/26 (a) | 150,000 | 134,573 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 68,313 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 100,000 | 96,125 |
Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 100,000 | 99,277 |
3.45%, 08/01/25 (a) | 75,000 | 73,907 |
3.95%, 01/15/26 (a) | 75,000 | 74,569 |
3.45%, 06/01/27 (a) | 250,000 | 238,805 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 99,106 |
Steel Dynamics, Inc. | ||
2.80%, 12/15/24 (a) | 75,000 | 72,824 |
2.40%, 06/15/25 (a) | 75,000 | 71,060 |
5.00%, 12/15/26 (a) | 50,000 | 49,541 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 275,000 | 287,499 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 175,000 | 170,553 |
WRKCo, Inc. | ||
3.75%, 03/15/25 (a) | 150,000 | 148,585 |
4.65%, 03/15/26 (a) | 150,000 | 150,973 |
5,595,956 | ||
Capital Goods 5.2% | ||
3M Co. | ||
3.25%, 02/14/24 (a) | 150,000 | 150,211 |
2.00%, 02/14/25 (a) | 120,000 | 115,614 |
2.65%, 04/15/25 (a) | 150,000 | 146,577 |
3.00%, 08/07/25 | 150,000 | 147,757 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 100,000 | 97,332 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 125,000 | 120,198 |
Amphenol Corp. | ||
3.20%, 04/01/24 (a) | 25,000 | 24,805 |
2.05%, 03/01/25 (a) | 100,000 | 95,306 |
Berry Global, Inc. | ||
0.95%, 02/15/24 (a) | 150,000 | 142,144 |
1.57%, 01/15/26 (a) | 250,000 | 223,310 |
1.65%, 01/15/27 (a) | 75,000 | 65,551 |
Boeing Co. | ||
1.95%, 02/01/24 | 75,000 | 72,482 |
1.43%, 02/04/24 (a) | 450,000 | 430,713 |
2.80%, 03/01/24 (a) | 125,000 | 122,684 |
2.85%, 10/30/24 (a) | 100,000 | 97,373 |
4.88%, 05/01/25 (a) | 600,000 | 597,948 |
2.60%, 10/30/25 (a) | 50,000 | 46,774 |
2.75%, 02/01/26 (a) | 275,000 | 255,568 |
2.20%, 02/04/26 (a) | 975,000 | 880,337 |
3.10%, 05/01/26 (a) | 125,000 | 117,020 |
2.25%, 06/15/26 (a) | 75,000 | 67,735 |
2.70%, 02/01/27 (a) | 175,000 | 155,799 |
2.80%, 03/01/27 (a) | 50,000 | 44,881 |
5.04%, 05/01/27 (a) | 325,000 | 321,197 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24 (a) | 129,000 | 127,470 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 355,000 | 337,335 |
2.49%, 02/15/27 (a) | 50,000 | 45,696 |
Caterpillar Financial Services Corp. | ||
0.65%, 07/07/23 | 75,000 | 73,160 |
0.45%, 09/14/23 | 150,000 | 145,600 |
3.75%, 11/24/23 | 170,000 | 171,538 |
3.65%, 12/07/23 | 150,000 | 151,147 |
2.85%, 05/17/24 | 175,000 | 173,533 |
3.30%, 06/09/24 | 215,000 | 215,041 |
2.15%, 11/08/24 | 125,000 | 121,420 |
3.25%, 12/01/24 | 250,000 | 249,922 |
3.40%, 05/13/25 | 225,000 | 224,752 |
0.80%, 11/13/25 | 250,000 | 227,387 |
0.90%, 03/02/26 | 200,000 | 181,922 |
1.15%, 09/14/26 | 150,000 | 135,359 |
1.70%, 01/08/27 | 100,000 | 91,743 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 125,000 | 125,476 |
CNH Industrial Capital LLC | ||
1.95%, 07/02/23 | 125,000 | 122,176 |
4.20%, 01/15/24 | 100,000 | 100,071 |
1.88%, 01/15/26 (a) | 150,000 | 136,233 |
CNH Industrial NV | ||
4.50%, 08/15/23 | 125,000 | 126,175 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 50,000 | 48,953 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 75,000 | 73,797 |
Emerson Electric Co. | ||
3.15%, 06/01/25 (a) | 100,000 | 98,991 |
0.88%, 10/15/26 (a) | 150,000 | 132,831 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 175,000 | 165,839 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 09/21/23 (a) | 100,000 | 100,387 |
4.00%, 06/15/25 (a) | 100,000 | 98,800 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 50,000 | 48,772 |
General Dynamics Corp. | ||
2.38%, 11/15/24 (a) | 100,000 | 97,454 |
3.25%, 04/01/25 (a) | 150,000 | 148,885 |
3.50%, 05/15/25 (a) | 100,000 | 99,796 |
1.15%, 06/01/26 (a) | 125,000 | 113,385 |
2.13%, 08/15/26 (a) | 100,000 | 93,947 |
3.50%, 04/01/27 (a) | 125,000 | 122,990 |
Honeywell International, Inc. | ||
2.30%, 08/15/24 (a) | 175,000 | 171,906 |
1.35%, 06/01/25 (a) | 175,000 | 165,093 |
2.50%, 11/01/26 (a) | 325,000 | 310,739 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 75,000 | 73,067 |
Huntington Ingalls Industries, Inc. | ||
0.67%, 08/16/23 (a) | 75,000 | 72,327 |
3.84%, 05/01/25 (a) | 125,000 | 122,238 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 120,000 | 120,521 |
2.65%, 11/15/26 (a) | 200,000 | 191,286 |
John Deere Capital Corp. | ||
0.40%, 10/10/23 | 150,000 | 145,215 |
3.65%, 10/12/23 | 120,000 | 120,984 |
3.45%, 01/10/24 | 50,000 | 50,191 |
0.45%, 01/17/24 | 250,000 | 240,002 |
2.60%, 03/07/24 | 180,000 | 178,177 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.45%, 06/07/24 | 125,000 | 118,618 |
2.65%, 06/24/24 | 170,000 | 168,431 |
0.63%, 09/10/24 | 150,000 | 141,830 |
2.05%, 01/09/25 | 20,000 | 19,380 |
2.13%, 03/07/25 | 50,000 | 48,335 |
3.45%, 03/13/25 | 100,000 | 100,236 |
3.40%, 09/11/25 | 125,000 | 124,705 |
0.70%, 01/15/26 | 50,000 | 45,238 |
2.65%, 06/10/26 | 100,000 | 96,372 |
1.05%, 06/17/26 | 200,000 | 181,228 |
1.30%, 10/13/26 | 50,000 | 45,398 |
1.70%, 01/11/27 | 150,000 | 137,037 |
2.35%, 03/08/27 | 100,000 | 93,931 |
1.75%, 03/09/27 | 100,000 | 91,319 |
Johnson Controls International plc | ||
3.90%, 02/14/26 (a) | 150,000 | 149,367 |
L3Harris Technologies, Inc. | ||
3.95%, 05/28/24 (a) | 85,000 | 85,395 |
3.83%, 04/27/25 (a) | 125,000 | 123,718 |
3.85%, 12/15/26 (a) | 50,000 | 49,095 |
Leggett & Platt, Inc. | ||
3.80%, 11/15/24 (a) | 75,000 | 74,477 |
Legrand France S.A. | ||
8.50%, 02/15/25 | 70,000 | 77,502 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 91,779 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 200,000 | 200,376 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 150,000 | 150,898 |
Northrop Grumman Corp. | ||
3.25%, 08/01/23 | 175,000 | 175,007 |
2.93%, 01/15/25 (a) | 225,000 | 220,372 |
3.20%, 02/01/27 (a) | 150,000 | 144,256 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 250,000 | 236,777 |
Owens Corning | ||
4.20%, 12/01/24 (a) | 125,000 | 124,876 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 150,000 | 146,703 |
3.25%, 03/01/27 (a) | 175,000 | 167,239 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 100,000 | 99,681 |
Raytheon Technologies Corp. | ||
3.70%, 12/15/23 (a) | 50,000 | 50,226 |
3.20%, 03/15/24 (a) | 100,000 | 99,795 |
3.95%, 08/16/25 (a) | 250,000 | 251,165 |
2.65%, 11/01/26 (a) | 150,000 | 143,512 |
3.50%, 03/15/27 (a) | 200,000 | 195,524 |
3.13%, 05/04/27 (a) | 150,000 | 143,659 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 170,000 | 164,859 |
3.20%, 03/15/25 (a) | 130,000 | 127,932 |
0.88%, 11/15/25 (a) | 100,000 | 90,356 |
Rockwell Automation, Inc. | ||
0.35%, 08/15/23 (a) | 125,000 | 121,345 |
2.88%, 03/01/25 (a) | 50,000 | 49,057 |
Roper Technologies, Inc. | ||
3.65%, 09/15/23 (a) | 125,000 | 125,190 |
2.35%, 09/15/24 (a) | 75,000 | 72,802 |
1.00%, 09/15/25 (a) | 125,000 | 113,093 |
3.85%, 12/15/25 (a) | 75,000 | 74,579 |
3.80%, 12/15/26 (a) | 125,000 | 122,445 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sonoco Products Co. | ||
2.25%, 02/01/27 (a) | 125,000 | 112,821 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 125,000 | 123,076 |
4.00%, 03/15/60 (a)(b) | 150,000 | 131,055 |
Teledyne Technologies, Inc. | ||
0.95%, 04/01/24 (a) | 125,000 | 118,363 |
1.60%, 04/01/26 (a) | 50,000 | 44,903 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 10,000 | 10,052 |
3.88%, 03/01/25 (a) | 75,000 | 74,672 |
4.00%, 03/15/26 (a) | 100,000 | 98,972 |
Timken Co. | ||
3.88%, 09/01/24 (a) | 75,000 | 74,403 |
Trane Technologies Luxembourg Finance S.A. | ||
3.55%, 11/01/24 (a) | 150,000 | 148,251 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 100,000 | 87,768 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 75,000 | 76,184 |
3.90%, 04/01/27 (a) | 100,000 | 98,611 |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 75,000 | 74,258 |
0.75%, 11/15/25 (a) | 75,000 | 68,382 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(g) | 150,000 | 149,757 |
3.20%, 06/15/25 (a) | 100,000 | 95,522 |
3.45%, 11/15/26 (a) | 125,000 | 114,899 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 90,000 | 85,802 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 96,789 |
18,788,700 | ||
Communications 4.8% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 150,000 | 147,635 |
American Tower Corp. | ||
0.60%, 01/15/24 | 75,000 | 71,183 |
5.00%, 02/15/24 | 200,000 | 202,556 |
3.38%, 05/15/24 (a) | 100,000 | 98,559 |
2.95%, 01/15/25 (a) | 150,000 | 144,902 |
2.40%, 03/15/25 (a) | 175,000 | 165,452 |
1.30%, 09/15/25 (a) | 200,000 | 181,082 |
1.60%, 04/15/26 (a) | 200,000 | 179,338 |
1.45%, 09/15/26 (a) | 100,000 | 87,605 |
3.38%, 10/15/26 (a) | 200,000 | 189,280 |
2.75%, 01/15/27 (a) | 200,000 | 182,942 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 400,000 | 382,296 |
1.70%, 03/25/26 (a) | 650,000 | 594,672 |
3.80%, 02/15/27 (a) | 100,000 | 98,247 |
4.25%, 03/01/27 (a) | 200,000 | 199,758 |
2.30%, 06/01/27 (a) | 450,000 | 411,124 |
Bell Canada | ||
0.75%, 03/17/24 | 100,000 | 95,319 |
British Telecommunications PLC | ||
4.50%, 12/04/23 (a) | 200,000 | 201,142 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.50%, 02/01/24 (a) | 185,000 | 186,251 |
4.91%, 07/23/25 (a) | 775,000 | 777,278 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 400,000 | 401,288 |
3.38%, 02/15/25 (a) | 175,000 | 173,796 |
3.38%, 08/15/25 (a) | 150,000 | 148,311 |
3.95%, 10/15/25 (a) | 550,000 | 552,948 |
3.15%, 03/01/26 (a) | 450,000 | 439,101 |
2.35%, 01/15/27 (a) | 250,000 | 233,347 |
3.30%, 02/01/27 (a) | 250,000 | 243,210 |
Crown Castle International Corp. | ||
3.20%, 09/01/24 (a) | 150,000 | 146,973 |
1.35%, 07/15/25 (a) | 100,000 | 91,423 |
4.45%, 02/15/26 (a) | 200,000 | 198,290 |
3.70%, 06/15/26 (a) | 50,000 | 48,332 |
1.05%, 07/15/26 (a) | 250,000 | 216,972 |
4.00%, 03/01/27 (a) | 100,000 | 97,149 |
2.90%, 03/15/27 (a) | 150,000 | 138,918 |
Discovery Communications LLC | ||
3.80%, 03/13/24 (a) | 100,000 | 99,524 |
3.90%, 11/15/24 (a) | 75,000 | 73,900 |
3.95%, 06/15/25 (a) | 100,000 | 97,863 |
4.90%, 03/11/26 (a) | 125,000 | 125,343 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 76,745 |
Fox Corp. | ||
4.03%, 01/25/24 (a) | 200,000 | 200,032 |
3.05%, 04/07/25 (a) | 120,000 | 116,380 |
Grupo Televisa S.A.B. | ||
6.63%, 03/18/25 | 100,000 | 105,600 |
Magallanes, Inc. | ||
3.43%, 03/15/24 (d) | 200,000 | 196,084 |
3.53%, 03/15/24 (a)(d) | 100,000 | 98,029 |
3.64%, 03/15/25 (d) | 300,000 | 291,282 |
3.76%, 03/15/27 (a)(d) | 700,000 | 657,167 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 150,000 | 148,894 |
3.60%, 04/15/26 (a) | 250,000 | 243,275 |
Rogers Communications, Inc. | ||
4.10%, 10/01/23 (a) | 200,000 | 201,100 |
3.63%, 12/15/25 (a) | 100,000 | 97,974 |
2.90%, 11/15/26 (a) | 125,000 | 118,235 |
3.20%, 03/15/27 (a)(d) | 250,000 | 237,402 |
Take-Two Interactive Software, Inc. | ||
3.30%, 03/28/24 | 200,000 | 197,550 |
3.70%, 04/14/27 (a) | 150,000 | 145,701 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 50,000 | 56,241 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 250,000 | 245,105 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 525,000 | 514,269 |
1.50%, 02/15/26 (a) | 125,000 | 113,176 |
3.75%, 04/15/27 (a) | 675,000 | 649,559 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 196,976 |
3.00%, 02/13/26 | 250,000 | 243,395 |
1.85%, 07/30/26 | 200,000 | 184,966 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 150,000 | 143,108 |
3.50%, 11/01/24 (a) | 175,000 | 174,811 |
3.38%, 02/15/25 | 275,000 | 273,325 |
0.85%, 11/20/25 (a) | 150,000 | 136,106 |
1.45%, 03/20/26 (a) | 400,000 | 366,412 |
2.63%, 08/15/26 | 325,000 | 307,430 |
4.13%, 03/16/27 | 450,000 | 449,185 |
3.00%, 03/22/27 (a) | 200,000 | 190,240 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 133,000 | 134,436 |
4.00%, 01/15/26 (a) | 175,000 | 171,187 |
Vodafone Group PLC | ||
3.75%, 01/16/24 | 155,000 | 155,761 |
4.13%, 05/30/25 | 275,000 | 276,196 |
Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 100,000 | 96,380 |
3.70%, 09/15/24 (a) | 150,000 | 150,327 |
3.35%, 03/24/25 | 350,000 | 347,410 |
3.70%, 10/15/25 (a) | 100,000 | 100,065 |
1.75%, 01/13/26 | 150,000 | 139,901 |
3.38%, 11/15/26 (a) | 100,000 | 97,872 |
3.70%, 03/23/27 | 100,000 | 99,047 |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 200,000 | 194,776 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 145,000 | 141,836 |
17,604,257 | ||
Consumer Cyclical 7.3% | ||
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 300,000 | 298,320 |
Amazon.com, Inc. | ||
0.45%, 05/12/24 | 400,000 | 380,872 |
2.80%, 08/22/24 (a) | 350,000 | 347,042 |
3.80%, 12/05/24 (a) | 225,000 | 227,844 |
3.00%, 04/13/25 | 250,000 | 248,447 |
0.80%, 06/03/25 (a) | 225,000 | 209,446 |
5.20%, 12/03/25 (a) | 75,000 | 78,780 |
1.00%, 05/12/26 (a) | 550,000 | 500,571 |
3.30%, 04/13/27 (a) | 450,000 | 441,823 |
1.20%, 06/03/27 (a) | 175,000 | 155,871 |
American Honda Finance Corp. | ||
0.88%, 07/07/23 | 250,000 | 243,945 |
3.45%, 07/14/23 | 125,000 | 125,126 |
0.65%, 09/08/23 | 150,000 | 145,565 |
3.63%, 10/10/23 | 150,000 | 150,499 |
3.55%, 01/12/24 | 100,000 | 100,191 |
2.90%, 02/16/24 | 150,000 | 148,655 |
2.40%, 06/27/24 | 100,000 | 97,825 |
0.55%, 07/12/24 | 250,000 | 235,327 |
2.15%, 09/10/24 | 130,000 | 126,029 |
1.20%, 07/08/25 | 25,000 | 23,102 |
1.00%, 09/10/25 | 150,000 | 136,805 |
1.30%, 09/09/26 | 225,000 | 203,211 |
2.30%, 09/09/26 | 125,000 | 117,030 |
2.35%, 01/08/27 | 150,000 | 139,773 |
Aptiv PLC | ||
2.40%, 02/18/25 (a) | 125,000 | 119,521 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 165,000 | 160,025 |
AutoZone, Inc. | ||
3.13%, 04/18/24 (a) | 100,000 | 98,965 |
3.25%, 04/15/25 (a) | 15,000 | 14,716 |
3.63%, 04/15/25 (a) | 115,000 | 113,722 |
3.13%, 04/21/26 (a) | 100,000 | 96,418 |
3.75%, 06/01/27 (a) | 100,000 | 97,081 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 75,000 | 76,277 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 125,000 | 125,366 |
3.60%, 06/01/26 (a) | 100,000 | 98,695 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BorgWarner, Inc. | ||
3.38%, 03/15/25 (a) | 110,000 | 107,979 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 125,000 | 126,479 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 205,000 | 203,659 |
1.38%, 06/20/27 (a) | 250,000 | 224,515 |
Cummins, Inc. | ||
3.65%, 10/01/23 (a) | 15,000 | 15,078 |
0.75%, 09/01/25 (a) | 150,000 | 137,324 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 100,000 | 96,315 |
Dollar General Corp. | ||
4.15%, 11/01/25 (a) | 75,000 | 75,190 |
3.88%, 04/15/27 (a) | 125,000 | 122,778 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 175,000 | 174,508 |
DR Horton, Inc. | ||
5.75%, 08/15/23 (a) | 65,000 | 66,260 |
2.50%, 10/15/24 (a) | 100,000 | 95,631 |
2.60%, 10/15/25 (a) | 90,000 | 84,806 |
1.30%, 10/15/26 (a) | 100,000 | 86,446 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 145,000 | 143,695 |
1.90%, 03/11/25 (a) | 150,000 | 141,143 |
1.40%, 05/10/26 (a) | 125,000 | 112,524 |
3.60%, 06/05/27 (a) | 150,000 | 144,366 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 125,000 | 125,150 |
General Motors Co. | ||
4.88%, 10/02/23 | 200,000 | 201,936 |
4.00%, 04/01/25 | 130,000 | 128,422 |
6.13%, 10/01/25 (a) | 250,000 | 258,600 |
General Motors Financial Co., Inc. | ||
1.70%, 08/18/23 | 250,000 | 244,065 |
5.10%, 01/17/24 (a) | 300,000 | 303,153 |
1.05%, 03/08/24 | 150,000 | 142,170 |
3.95%, 04/13/24 (a) | 70,000 | 69,465 |
1.20%, 10/15/24 | 150,000 | 139,586 |
3.50%, 11/07/24 (a) | 150,000 | 146,723 |
4.00%, 01/15/25 (a) | 200,000 | 197,424 |
2.90%, 02/26/25 (a) | 225,000 | 214,909 |
3.80%, 04/07/25 | 200,000 | 195,298 |
4.35%, 04/09/25 (a) | 225,000 | 222,565 |
2.75%, 06/20/25 (a) | 250,000 | 235,732 |
4.30%, 07/13/25 (a) | 175,000 | 172,366 |
1.25%, 01/08/26 (a) | 175,000 | 153,883 |
5.25%, 03/01/26 (a) | 225,000 | 225,481 |
1.50%, 06/10/26 (a) | 225,000 | 196,886 |
4.00%, 10/06/26 (a) | 125,000 | 119,493 |
4.35%, 01/17/27 (a) | 225,000 | 216,151 |
2.35%, 02/26/27 (a) | 150,000 | 132,260 |
5.00%, 04/09/27 (a) | 150,000 | 147,162 |
Genuine Parts Co. | ||
1.75%, 02/01/25 (a) | 100,000 | 94,425 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.38%, 11/01/23 (a) | 95,000 | 95,067 |
3.35%, 09/01/24 (a) | 65,000 | 62,590 |
5.25%, 06/01/25 (a) | 150,000 | 147,500 |
5.38%, 04/15/26 (a) | 175,000 | 171,453 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 97,086 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 75,000 | 75,159 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Home Depot, Inc. | ||
3.75%, 02/15/24 (a) | 40,000 | 40,363 |
3.35%, 09/15/25 (a) | 225,000 | 223,729 |
3.00%, 04/01/26 (a) | 200,000 | 196,442 |
2.13%, 09/15/26 (a) | 250,000 | 236,767 |
2.50%, 04/15/27 (a) | 250,000 | 236,877 |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 200,000 | 187,444 |
Hyatt Hotels Corp. | ||
3.38%, 07/15/23 (a) | 100,000 | 97,904 |
1.80%, 10/01/24 (a) | 175,000 | 165,931 |
5.63%, 04/23/25 (a) | 90,000 | 91,469 |
4.85%, 03/15/26 (a) | 75,000 | 74,842 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 196,092 |
Kohl's Corp. | ||
4.25%, 07/17/25 (a) | 75,000 | 74,062 |
Lennar Corp. | ||
4.88%, 12/15/23 (a) | 75,000 | 75,757 |
4.50%, 04/30/24 (a) | 125,000 | 124,930 |
5.88%, 11/15/24 (a) | 75,000 | 77,044 |
4.75%, 05/30/25 (a) | 75,000 | 75,334 |
5.25%, 06/01/26 (a) | 50,000 | 50,542 |
5.00%, 06/15/27 (a) | 50,000 | 49,614 |
Lowe's Cos., Inc. | ||
3.88%, 09/15/23 (a) | 100,000 | 100,600 |
3.13%, 09/15/24 (a) | 125,000 | 123,316 |
4.00%, 04/15/25 (a) | 75,000 | 75,456 |
3.38%, 09/15/25 (a) | 100,000 | 98,339 |
2.50%, 04/15/26 (a) | 250,000 | 236,847 |
3.35%, 04/01/27 (a) | 150,000 | 144,519 |
3.10%, 05/03/27 (a) | 250,000 | 237,747 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 175,000 | 174,291 |
4.15%, 10/01/25 (a) | 100,000 | 100,443 |
Marriott International, Inc. | ||
4.15%, 12/01/23 (a) | 75,000 | 75,354 |
3.60%, 04/15/24 (a) | 115,000 | 114,048 |
5.75%, 05/01/25 (a) | 150,000 | 155,715 |
3.75%, 10/01/25 (a) | 150,000 | 147,404 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 50,000 | 49,587 |
3.30%, 07/01/25 (a) | 225,000 | 223,254 |
1.45%, 09/01/25 (a) | 50,000 | 46,629 |
3.70%, 01/30/26 (a) | 350,000 | 350,115 |
3.50%, 03/01/27 (a) | 150,000 | 147,014 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 80,000 | 78,118 |
2.38%, 11/01/26 (a) | 200,000 | 190,488 |
2.75%, 03/27/27 (a) | 150,000 | 144,401 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 100,000 | 98,152 |
PACCAR Financial Corp. | ||
3.40%, 08/09/23 | 75,000 | 75,131 |
0.35%, 08/11/23 | 100,000 | 96,934 |
0.35%, 02/02/24 | 100,000 | 95,448 |
2.15%, 08/15/24 | 125,000 | 121,858 |
1.80%, 02/06/25 | 10,000 | 9,569 |
1.10%, 05/11/26 | 50,000 | 45,292 |
2.00%, 02/04/27 | 100,000 | 92,609 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 150,000 | 152,755 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(d) | 100,000 | 100,030 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 100,000 | 99,722 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 145,000 | 146,843 |
0.88%, 04/15/26 (a) | 50,000 | 44,330 |
Starbucks Corp. | ||
3.85%, 10/01/23 (a) | 150,000 | 151,213 |
3.80%, 08/15/25 (a) | 325,000 | 324,291 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 75,000 | 74,956 |
Target Corp. | ||
3.50%, 07/01/24 | 190,000 | 190,644 |
2.25%, 04/15/25 (a) | 300,000 | 289,992 |
2.50%, 04/15/26 | 275,000 | 264,132 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 200,000 | 187,910 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 75,000 | 73,889 |
4.88%, 03/15/27 (a) | 75,000 | 71,389 |
Toyota Motor Corp. | ||
3.42%, 07/20/23 | 200,000 | 200,916 |
0.68%, 03/25/24 (a) | 250,000 | 238,677 |
1.34%, 03/25/26 (a) | 200,000 | 182,322 |
Toyota Motor Credit Corp. | ||
0.50%, 08/14/23 | 350,000 | 339,832 |
1.35%, 08/25/23 | 150,000 | 146,981 |
3.45%, 09/20/23 | 150,000 | 150,702 |
3.35%, 01/08/24 | 125,000 | 125,181 |
0.45%, 01/11/24 | 200,000 | 191,654 |
2.90%, 04/17/24 | 100,000 | 99,111 |
0.63%, 09/13/24 | 300,000 | 282,048 |
2.00%, 10/07/24 | 75,000 | 72,575 |
1.45%, 01/13/25 | 100,000 | 94,870 |
1.80%, 02/13/25 | 225,000 | 214,850 |
3.00%, 04/01/25 | 250,000 | 246,005 |
3.40%, 04/14/25 | 100,000 | 99,334 |
0.80%, 10/16/25 | 225,000 | 204,910 |
0.80%, 01/09/26 | 150,000 | 135,723 |
1.13%, 06/18/26 | 250,000 | 225,945 |
1.90%, 01/13/27 | 150,000 | 137,841 |
3.05%, 03/22/27 | 250,000 | 240,172 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 150,000 | 144,216 |
VICI Properties LP | ||
4.38%, 05/15/25 | 75,000 | 73,524 |
Walgreens Boots Alliance, Inc. | ||
0.95%, 11/17/23 (a) | 150,000 | 144,980 |
3.80%, 11/18/24 (a) | 215,000 | 213,951 |
3.45%, 06/01/26 (a) | 250,000 | 243,300 |
Walmart, Inc. | ||
3.30%, 04/22/24 (a) | 225,000 | 225,819 |
2.85%, 07/08/24 (a) | 200,000 | 199,062 |
2.65%, 12/15/24 (a) | 115,000 | 113,809 |
3.55%, 06/26/25 (a) | 200,000 | 202,018 |
3.05%, 07/08/26 (a) | 50,000 | 49,627 |
1.05%, 09/17/26 (a) | 300,000 | 273,519 |
26,583,132 | ||
Consumer Non-Cyclical 11.7% | ||
Abbott Laboratories | ||
3.40%, 11/30/23 (a) | 175,000 | 175,801 |
2.95%, 03/15/25 (a) | 150,000 | 148,152 |
3.88%, 09/15/25 (a) | 25,000 | 25,308 |
3.75%, 11/30/26 (a) | 325,000 | 327,655 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AbbVie, Inc. | ||
3.75%, 11/14/23 (a) | 225,000 | 225,931 |
3.85%, 06/15/24 (a) | 150,000 | 150,018 |
2.60%, 11/21/24 (a) | 625,000 | 605,694 |
3.80%, 03/15/25 (a) | 475,000 | 471,865 |
3.60%, 05/14/25 (a) | 625,000 | 617,062 |
3.20%, 05/14/26 (a) | 350,000 | 337,141 |
2.95%, 11/21/26 (a) | 675,000 | 640,096 |
Agilent Technologies, Inc. | ||
3.05%, 09/22/26 (a) | 75,000 | 71,684 |
Altria Group, Inc. | ||
4.00%, 01/31/24 | 140,000 | 140,414 |
3.80%, 02/14/24 (a)(h) | 75,000 | 74,830 |
2.35%, 05/06/25 (a) | 130,000 | 122,686 |
4.40%, 02/14/26 (a) | 100,000 | 97,920 |
2.63%, 09/16/26 (a) | 125,000 | 114,591 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 125,000 | 124,013 |
3.25%, 03/01/25 (a) | 20,000 | 19,590 |
Amgen, Inc. | ||
2.25%, 08/19/23 (a) | 50,000 | 49,458 |
3.63%, 05/22/24 (a) | 250,000 | 249,680 |
1.90%, 02/21/25 (a) | 120,000 | 114,719 |
3.13%, 05/01/25 (a) | 200,000 | 196,564 |
2.60%, 08/19/26 (a) | 225,000 | 213,151 |
2.20%, 02/21/27 (a) | 250,000 | 229,940 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 550,000 | 541,887 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 200,000 | 191,660 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 275,000 | 261,011 |
1.20%, 05/28/26 (a) | 225,000 | 203,474 |
AstraZeneca PLC | ||
3.50%, 08/17/23 (a) | 75,000 | 75,286 |
3.38%, 11/16/25 | 350,000 | 346,752 |
0.70%, 04/08/26 (a) | 200,000 | 178,316 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 425,000 | 413,890 |
2.79%, 09/06/24 (a) | 175,000 | 169,092 |
3.22%, 09/06/26 (a) | 200,000 | 186,840 |
4.70%, 04/02/27 (a) | 100,000 | 97,786 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 275,000 | 244,062 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 148,947 |
Baxter International, Inc. | ||
0.87%, 12/01/23 | 200,000 | 192,060 |
1.32%, 11/29/24 | 100,000 | 93,955 |
2.60%, 08/15/26 (a) | 200,000 | 187,534 |
1.92%, 02/01/27 (a) | 250,000 | 224,102 |
Becton Dickinson & Co. | ||
3.36%, 06/06/24 (a) | 200,000 | 198,002 |
3.73%, 12/15/24 (a) | 145,000 | 144,303 |
3.70%, 06/06/27 (a) | 275,000 | 266,277 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 300,000 | 297,192 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 94,541 |
Boston Scientific Corp. | ||
3.45%, 03/01/24 (a) | 77,000 | 76,898 |
1.90%, 06/01/25 (a) | 100,000 | 94,456 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Bristol-Myers Squibb Co. | ||
3.25%, 11/01/23 | 125,000 | 125,306 |
0.54%, 11/13/23 (a) | 150,000 | 145,054 |
3.63%, 05/15/24 (a) | 75,000 | 75,422 |
2.90%, 07/26/24 (a) | 425,000 | 421,366 |
0.75%, 11/13/25 (a) | 200,000 | 182,464 |
3.20%, 06/15/26 (a) | 325,000 | 321,035 |
Brown-Forman Corp. | ||
3.50%, 04/15/25 (a) | 75,000 | 75,073 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 75,000 | 69,314 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 100,000 | 92,185 |
3.25%, 08/15/26 (a) | 150,000 | 142,776 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 150,000 | 149,767 |
3.30%, 03/19/25 (a) | 75,000 | 73,928 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 125,000 | 123,084 |
3.50%, 11/15/24 (a) | 70,000 | 69,447 |
3.75%, 09/15/25 (a) | 100,000 | 98,937 |
3.41%, 06/15/27 (a) | 150,000 | 144,379 |
Cigna Corp. | ||
3.75%, 07/15/23 (a) | 217,000 | 217,286 |
0.61%, 03/15/24 (a) | 100,000 | 95,269 |
3.50%, 06/15/24 (a) | 125,000 | 124,436 |
3.25%, 04/15/25 (a) | 25,000 | 24,534 |
4.13%, 11/15/25 (a) | 375,000 | 376,245 |
4.50%, 02/25/26 (a) | 225,000 | 228,170 |
1.25%, 03/15/26 (a) | 100,000 | 90,310 |
3.40%, 03/01/27 (a) | 250,000 | 240,445 |
Coca-Cola Co. | ||
1.75%, 09/06/24 | 200,000 | 195,464 |
3.38%, 03/25/27 | 200,000 | 198,300 |
1.45%, 06/01/27 | 250,000 | 226,437 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 100,000 | 100,175 |
CommonSpirit Health | ||
1.55%, 10/01/25 (a) | 225,000 | 206,586 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 75,000 | 75,320 |
4.60%, 11/01/25 (a) | 250,000 | 251,405 |
Constellation Brands, Inc. | ||
4.75%, 11/15/24 | 75,000 | 76,121 |
4.40%, 11/15/25 (a) | 100,000 | 100,639 |
4.75%, 12/01/25 | 50,000 | 50,882 |
3.70%, 12/06/26 (a) | 100,000 | 97,525 |
3.50%, 05/09/27 (a) | 100,000 | 96,127 |
4.35%, 05/09/27 (a) | 100,000 | 99,440 |
CVS Health Corp. | ||
4.00%, 12/05/23 (a) | 75,000 | 75,446 |
3.38%, 08/12/24 (a) | 125,000 | 124,506 |
2.63%, 08/15/24 (a) | 190,000 | 185,942 |
4.10%, 03/25/25 (a) | 175,000 | 176,337 |
3.88%, 07/20/25 (a) | 500,000 | 498,120 |
2.88%, 06/01/26 (a) | 300,000 | 286,125 |
3.00%, 08/15/26 (a) | 50,000 | 47,923 |
3.63%, 04/01/27 (a) | 150,000 | 146,190 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 50,000 | 49,319 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 155,000 | 148,964 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Diageo Capital PLC | ||
2.13%, 10/24/24 (a) | 200,000 | 193,268 |
1.38%, 09/29/25 (a) | 200,000 | 186,798 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 100,000 | 98,509 |
5.50%, 03/15/27 | 100,000 | 107,708 |
3.10%, 05/15/27 (a) | 75,000 | 73,108 |
Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 100,000 | 97,033 |
General Mills, Inc. | ||
3.65%, 02/15/24 (a) | 125,000 | 125,871 |
4.00%, 04/17/25 (a) | 100,000 | 100,040 |
3.20%, 02/10/27 (a) | 150,000 | 144,241 |
Gilead Sciences, Inc. | ||
2.50%, 09/01/23 (a) | 125,000 | 123,828 |
0.75%, 09/29/23 (a) | 263,000 | 254,671 |
3.70%, 04/01/24 (a) | 295,000 | 295,481 |
3.50%, 02/01/25 (a) | 300,000 | 296,874 |
3.65%, 03/01/26 (a) | 475,000 | 468,046 |
2.95%, 03/01/27 (a) | 150,000 | 142,113 |
GlaxoSmithKline Capital PLC | ||
0.53%, 10/01/23 (a) | 225,000 | 217,548 |
3.00%, 06/01/24 (a) | 175,000 | 173,652 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 175,000 | 175,623 |
GSK Consumer Healthcare Capital UK PLC | ||
3.13%, 03/24/25 (d) | 250,000 | 243,972 |
GSK Consumer Healthcare Capital US LLC | ||
3.02%, 03/24/24 (a)(d) | 250,000 | 246,602 |
3.38%, 03/24/27 (a)(d) | 300,000 | 287,169 |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 100,000 | 97,480 |
3.55%, 11/19/26 (a) | 125,000 | 119,526 |
HCA, Inc. | ||
5.00%, 03/15/24 | 350,000 | 351,662 |
5.38%, 02/01/25 | 450,000 | 449,379 |
5.25%, 04/15/25 | 225,000 | 225,661 |
5.88%, 02/15/26 (a) | 300,000 | 302,199 |
5.25%, 06/15/26 (a) | 275,000 | 273,773 |
5.38%, 09/01/26 (a) | 150,000 | 148,842 |
4.50%, 02/15/27 (a) | 150,000 | 144,423 |
3.13%, 03/15/27 (a)(d) | 200,000 | 182,918 |
Hershey Co. | ||
2.05%, 11/15/24 (a) | 150,000 | 145,941 |
2.30%, 08/15/26 (a) | 100,000 | 95,075 |
Hormel Foods Corp. | ||
0.65%, 06/03/24 (a) | 200,000 | 190,632 |
JM Smucker Co. | ||
3.50%, 03/15/25 | 200,000 | 197,474 |
Johnson & Johnson | ||
3.38%, 12/05/23 | 75,000 | 75,503 |
2.63%, 01/15/25 (a) | 145,000 | 143,376 |
0.55%, 09/01/25 (a) | 175,000 | 161,569 |
2.45%, 03/01/26 (a) | 375,000 | 364,702 |
2.95%, 03/03/27 (a) | 175,000 | 171,208 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 100,000 | 97,352 |
Kellogg Co. | ||
2.65%, 12/01/23 | 125,000 | 123,885 |
3.25%, 04/01/26 | 100,000 | 97,320 |
Keurig Dr Pepper, Inc. | ||
3.13%, 12/15/23 (a) | 100,000 | 99,821 |
0.75%, 03/15/24 (a) | 200,000 | 190,620 |
4.42%, 05/25/25 (a) | 100,000 | 100,980 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 11/15/25 (a) | 100,000 | 97,802 |
2.55%, 09/15/26 (a) | 75,000 | 69,913 |
Kimberly-Clark Corp. | ||
3.05%, 08/15/25 | 75,000 | 73,942 |
2.75%, 02/15/26 | 100,000 | 97,351 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 350,000 | 330,872 |
3.88%, 05/15/27 (a) | 225,000 | 217,836 |
Kroger Co. | ||
3.85%, 08/01/23 (a) | 125,000 | 125,584 |
4.00%, 02/01/24 (a) | 110,000 | 110,666 |
3.50%, 02/01/26 (a) | 50,000 | 49,258 |
2.65%, 10/15/26 (a) | 150,000 | 140,642 |
Laboratory Corp. of America Holdings | ||
4.00%, 11/01/23 (a) | 75,000 | 75,410 |
3.25%, 09/01/24 (a) | 100,000 | 98,582 |
2.30%, 12/01/24 (a) | 50,000 | 47,904 |
3.60%, 02/01/25 (a) | 200,000 | 197,222 |
1.55%, 06/01/26 (a) | 50,000 | 44,812 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 125,000 | 122,715 |
0.90%, 02/15/26 (a) | 100,000 | 88,782 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 175,000 | 175,464 |
0.90%, 12/03/25 (a) | 50,000 | 45,064 |
1.30%, 08/15/26 (a) | 100,000 | 89,169 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 150,000 | 151,087 |
Merck & Co., Inc. | ||
2.90%, 03/07/24 (a) | 145,000 | 144,314 |
2.75%, 02/10/25 (a) | 420,000 | 414,704 |
0.75%, 02/24/26 (a) | 175,000 | 158,779 |
1.70%, 06/10/27 (a) | 150,000 | 136,433 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 350,000 | 329,602 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 175,000 | 163,583 |
2.63%, 03/17/27 (a) | 150,000 | 140,483 |
Mylan, Inc. | ||
4.20%, 11/29/23 (a) | 100,000 | 99,772 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 400,000 | 401,996 |
1.75%, 02/14/25 (a) | 35,000 | 33,793 |
3.00%, 11/20/25 (a) | 325,000 | 320,840 |
2.00%, 02/14/27 (a) | 325,000 | 302,721 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 75,000 | 69,188 |
PepsiCo, Inc. | ||
0.40%, 10/07/23 | 150,000 | 145,548 |
3.60%, 03/01/24 (a) | 225,000 | 226,483 |
2.25%, 03/19/25 (a) | 275,000 | 267,913 |
2.75%, 04/30/25 (a) | 225,000 | 221,742 |
3.50%, 07/17/25 (a) | 100,000 | 100,502 |
2.85%, 02/24/26 (a) | 125,000 | 122,888 |
2.38%, 10/06/26 (a) | 125,000 | 120,138 |
PerkinElmer, Inc. | ||
0.55%, 09/15/23 (a) | 100,000 | 96,372 |
0.85%, 09/15/24 (a) | 150,000 | 139,289 |
Pfizer, Inc. | ||
3.20%, 09/15/23 (a) | 200,000 | 200,614 |
2.95%, 03/15/24 (a) | 150,000 | 149,392 |
3.40%, 05/15/24 | 100,000 | 100,598 |
0.80%, 05/28/25 (a) | 150,000 | 140,004 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.75%, 06/03/26 | 250,000 | 243,782 |
3.00%, 12/15/26 | 250,000 | 244,675 |
Philip Morris International, Inc. | ||
3.60%, 11/15/23 | 100,000 | 100,516 |
2.88%, 05/01/24 (a) | 65,000 | 64,277 |
3.25%, 11/10/24 | 130,000 | 128,466 |
1.50%, 05/01/25 (a) | 125,000 | 117,104 |
3.38%, 08/11/25 (a) | 75,000 | 73,887 |
2.75%, 02/25/26 (a) | 150,000 | 143,393 |
0.88%, 05/01/26 (a) | 150,000 | 132,947 |
Procter & Gamble Co. | ||
3.10%, 08/15/23 | 100,000 | 100,623 |
0.55%, 10/29/25 | 225,000 | 207,245 |
2.70%, 02/02/26 | 100,000 | 98,362 |
1.00%, 04/23/26 | 150,000 | 138,018 |
2.45%, 11/03/26 | 200,000 | 192,596 |
2.80%, 03/25/27 | 100,000 | 96,851 |
Quest Diagnostics, Inc. | ||
4.25%, 04/01/24 (a) | 50,000 | 50,304 |
3.50%, 03/30/25 (a) | 200,000 | 196,894 |
3.45%, 06/01/26 (a) | 100,000 | 97,495 |
Reynolds American, Inc. | ||
4.85%, 09/15/23 | 105,000 | 106,062 |
4.45%, 06/12/25 (a) | 375,000 | 373,691 |
Royalty Pharma PLC | ||
0.75%, 09/02/23 | 175,000 | 168,539 |
1.20%, 09/02/25 (a) | 175,000 | 156,830 |
Shire Acquisitions Investments Ireland DAC | ||
2.88%, 09/23/23 (a) | 170,000 | 168,186 |
3.20%, 09/23/26 (a) | 525,000 | 504,241 |
Stryker Corp. | ||
0.60%, 12/01/23 (a) | 100,000 | 95,943 |
3.38%, 05/15/24 (a) | 100,000 | 99,513 |
1.15%, 06/15/25 (a) | 125,000 | 115,549 |
3.38%, 11/01/25 (a) | 125,000 | 122,570 |
3.50%, 03/15/26 (a) | 175,000 | 171,782 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 75,000 | 69,380 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 125,000 | 124,704 |
3.30%, 07/15/26 (a) | 200,000 | 193,692 |
Takeda Pharmaceutical Co., Ltd. | ||
4.40%, 11/26/23 (a) | 200,000 | 201,528 |
The Procter & Gamble Co. | ||
1.90%, 02/01/27 | 150,000 | 141,179 |
Thermo Fisher Scientific, Inc. | ||
0.80%, 10/18/23 (a) | 200,000 | 194,128 |
1.22%, 10/18/24 (a) | 500,000 | 474,375 |
Tyson Foods, Inc. | ||
3.90%, 09/28/23 (a) | 50,000 | 50,176 |
3.95%, 08/15/24 (a) | 250,000 | 249,802 |
4.00%, 03/01/26 (a) | 150,000 | 148,959 |
3.55%, 06/02/27 (a) | 200,000 | 191,820 |
Unilever Capital Corp. | ||
0.38%, 09/14/23 | 100,000 | 96,870 |
3.25%, 03/07/24 (a) | 100,000 | 100,122 |
2.60%, 05/05/24 (a) | 150,000 | 147,855 |
3.38%, 03/22/25 (a) | 150,000 | 149,707 |
2.00%, 07/28/26 | 150,000 | 141,372 |
2.90%, 05/05/27 (a) | 175,000 | 168,175 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a)(d) | 125,000 | 108,460 |
UPMC | ||
3.60%, 04/03/25 | 160,000 | 159,010 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 375,000 | 353,861 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 125,000 | 113,409 |
2.30%, 06/22/27 (a) | 150,000 | 128,882 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 10,000 | 10,076 |
3.70%, 05/01/25 | 100,000 | 99,890 |
Wyeth LLC | ||
6.45%, 02/01/24 | 150,000 | 157,015 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 325,000 | 320,957 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 100,000 | 101,561 |
42,400,361 | ||
Energy 6.0% | ||
Baker Hughes Holdings LLC | ||
2.06%, 12/15/26 (a) | 150,000 | 137,954 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 75,000 | 75,633 |
5.95%, 06/01/26 (a) | 100,000 | 103,759 |
BP Capital Markets America, Inc. | ||
3.79%, 02/06/24 (a) | 190,000 | 190,963 |
3.19%, 04/06/25 (a) | 130,000 | 128,522 |
3.80%, 09/21/25 (a) | 175,000 | 175,560 |
3.41%, 02/11/26 (a) | 100,000 | 98,185 |
3.12%, 05/04/26 (a) | 150,000 | 145,278 |
3.02%, 01/16/27 (a) | 175,000 | 167,073 |
3.54%, 04/06/27 (a) | 100,000 | 97,429 |
3.59%, 04/14/27 (a) | 100,000 | 97,585 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 100,000 | 99,393 |
3.90%, 02/01/25 (a) | 100,000 | 99,163 |
2.05%, 07/15/25 (a) | 125,000 | 117,126 |
3.85%, 06/01/27 (a) | 150,000 | 144,140 |
Cenovus Energy, Inc. | ||
5.38%, 07/15/25 (a) | 150,000 | 154,646 |
4.25%, 04/15/27 (a) | 150,000 | 147,410 |
Cheniere Corpus Christi Holdings LLC | ||
7.00%, 06/30/24 (a) | 225,000 | 233,444 |
5.88%, 03/31/25 (a) | 250,000 | 256,155 |
5.13%, 06/30/27 (a) | 300,000 | 301,383 |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 200,000 | 199,462 |
1.55%, 05/11/25 (a) | 450,000 | 426,829 |
3.33%, 11/17/25 (a) | 150,000 | 149,480 |
2.95%, 05/16/26 (a) | 400,000 | 390,980 |
2.00%, 05/11/27 (a) | 100,000 | 92,236 |
Chevron USA, Inc. | ||
0.43%, 08/11/23 | 100,000 | 97,310 |
3.90%, 11/15/24 (a) | 95,000 | 95,990 |
0.69%, 08/12/25 (a) | 100,000 | 92,079 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 175,000 | 176,783 |
ConocoPhillips Co. | ||
2.40%, 03/07/25 (a) | 175,000 | 169,001 |
Continental Resources, Inc. | ||
3.80%, 06/01/24 (a) | 175,000 | 173,477 |
Coterra Energy, Inc. | ||
4.38%, 06/01/24 (a)(d) | 150,000 | 150,033 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Devon Energy Corp. | ||
5.25%, 09/15/24 (a)(d) | 100,000 | 102,163 |
5.85%, 12/15/25 (a) | 100,000 | 104,338 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 100,000 | 97,706 |
Eastern Energy Gas Holdings LLC | ||
3.55%, 11/01/23 (a) | 75,000 | 74,938 |
2.50%, 11/15/24 (a) | 95,000 | 91,847 |
3.60%, 12/15/24 (a) | 61,000 | 60,578 |
Enable Midstream Partners LP | ||
3.90%, 05/15/24 (a) | 100,000 | 98,989 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 75,000 | 78,503 |
Enbridge, Inc. | ||
4.00%, 10/01/23 (a) | 150,000 | 150,441 |
3.50%, 06/10/24 (a) | 150,000 | 148,515 |
2.50%, 01/15/25 (a) | 25,000 | 24,068 |
1.60%, 10/04/26 (a) | 175,000 | 156,093 |
4.25%, 12/01/26 (a) | 200,000 | 198,096 |
Energy Transfer LP | ||
3.90%, 07/15/26 (a) | 100,000 | 96,355 |
Energy Transfer Operating LP | ||
4.20%, 09/15/23 (a) | 100,000 | 100,150 |
5.88%, 01/15/24 (a) | 200,000 | 203,928 |
4.90%, 02/01/24 (a) | 70,000 | 70,613 |
4.50%, 04/15/24 (a) | 120,000 | 120,158 |
4.05%, 03/15/25 (a) | 175,000 | 172,568 |
2.90%, 05/15/25 (a) | 175,000 | 166,642 |
4.75%, 01/15/26 (a) | 150,000 | 149,759 |
4.40%, 03/15/27 (a) | 150,000 | 144,986 |
4.20%, 04/15/27 (a) | 100,000 | 96,288 |
5.50%, 06/01/27 (a) | 200,000 | 203,200 |
Energy Transfer Partners LP/Regency Energy Finance Corp. | ||
4.50%, 11/01/23 (a) | 50,000 | 50,250 |
Enterprise Products Operating LLC | ||
3.90%, 02/15/24 (a) | 175,000 | 174,870 |
3.75%, 02/15/25 (a) | 185,000 | 183,268 |
3.70%, 02/15/26 (a) | 200,000 | 196,876 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 125,000 | 123,095 |
4.15%, 01/15/26 (a) | 100,000 | 100,943 |
EQT Corp. | ||
6.63%, 02/01/25 (a)(g) | 175,000 | 180,500 |
Exxon Mobil Corp. | ||
3.18%, 03/15/24 (a) | 165,000 | 165,193 |
2.02%, 08/16/24 (a) | 130,000 | 126,958 |
2.71%, 03/06/25 (a) | 300,000 | 294,072 |
2.99%, 03/19/25 (a) | 455,000 | 448,707 |
3.04%, 03/01/26 (a) | 400,000 | 392,892 |
2.28%, 08/16/26 (a) | 200,000 | 190,054 |
3.29%, 03/19/27 (a) | 175,000 | 172,410 |
Halliburton Co. | ||
3.50%, 08/01/23 (a) | 110,000 | 110,162 |
3.80%, 11/15/25 (a) | 95,000 | 94,210 |
Hess Corp. | ||
3.50%, 07/15/24 (a) | 75,000 | 73,884 |
4.30%, 04/01/27 (a) | 200,000 | 195,300 |
HF Sinclair Corp. | ||
2.63%, 10/01/23 (d) | 25,000 | 24,309 |
5.88%, 04/01/26 (a)(d) | 150,000 | 151,674 |
Kinder Morgan Energy Partners LP | ||
3.50%, 09/01/23 (a) | 125,000 | 124,684 |
4.15%, 02/01/24 (a) | 150,000 | 150,093 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.30%, 05/01/24 (a) | 100,000 | 100,222 |
4.25%, 09/01/24 (a) | 50,000 | 50,069 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 325,000 | 324,148 |
1.75%, 11/15/26 (a) | 75,000 | 66,575 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26 (a) | 150,000 | 153,237 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 150,000 | 148,743 |
4.70%, 05/01/25 (a) | 225,000 | 228,064 |
5.13%, 12/15/26 (a) | 100,000 | 102,662 |
MPLX LP | ||
4.50%, 07/15/23 (a) | 185,000 | 185,475 |
4.88%, 12/01/24 (a) | 225,000 | 226,813 |
4.00%, 02/15/25 (a) | 20,000 | 19,737 |
4.88%, 06/01/25 (a) | 200,000 | 201,220 |
1.75%, 03/01/26 (a) | 275,000 | 248,185 |
4.13%, 03/01/27 (a) | 200,000 | 193,660 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 125,000 | 126,574 |
5.50%, 01/15/26 (a) | 50,000 | 50,220 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 100,000 | 97,942 |
ONEOK Partners LP | ||
5.00%, 09/15/23 (a) | 75,000 | 75,816 |
4.90%, 03/15/25 (a) | 100,000 | 100,963 |
ONEOK, Inc. | ||
7.50%, 09/01/23 (a) | 15,000 | 15,514 |
2.75%, 09/01/24 (a) | 95,000 | 92,041 |
2.20%, 09/15/25 (a) | 75,000 | 70,001 |
5.85%, 01/15/26 (a) | 120,000 | 124,478 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 125,000 | 126,660 |
Phillips 66 | ||
3.85%, 04/09/25 (a) | 175,000 | 174,254 |
1.30%, 02/15/26 (a) | 50,000 | 45,089 |
Phillips 66 Co. | ||
3.55%, 10/01/26 (a) | 100,000 | 97,418 |
Phillips 66 Partners LP | ||
3.61%, 02/15/25 (a)(d) | 70,000 | 69,271 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 200,000 | 178,970 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.85%, 10/15/23 (a) | 130,000 | 129,507 |
3.60%, 11/01/24 (a) | 155,000 | 151,895 |
4.65%, 10/15/25 (a) | 175,000 | 173,887 |
4.50%, 12/15/26 (a) | 100,000 | 98,323 |
Sabine Pass Liquefaction LLC | ||
5.75%, 05/15/24 (a) | 250,000 | 255,180 |
5.63%, 03/01/25 (a) | 350,000 | 357,836 |
5.88%, 06/30/26 (a) | 250,000 | 258,335 |
5.00%, 03/15/27 (a) | 250,000 | 251,305 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 50,000 | 46,582 |
Schlumberger Investment S.A. | ||
3.65%, 12/01/23 (a) | 290,000 | 291,317 |
Shell International Finance BV | ||
0.38%, 09/15/23 | 175,000 | 169,554 |
3.50%, 11/13/23 (a) | 175,000 | 176,188 |
2.00%, 11/07/24 (a) | 175,000 | 170,163 |
3.25%, 05/11/25 | 475,000 | 470,521 |
2.88%, 05/10/26 | 300,000 | 290,499 |
2.50%, 09/12/26 | 175,000 | 166,416 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 250,000 | 252,287 |
3.50%, 03/15/25 (a) | 125,000 | 122,595 |
Sunoco Logistics Partners Operations LP | ||
4.25%, 04/01/24 (a) | 15,000 | 14,967 |
5.95%, 12/01/25 (a) | 75,000 | 77,788 |
TC PipeLines LP | ||
3.90%, 05/25/27 (a) | 100,000 | 98,295 |
TotalEnergies Capital Canada Ltd. | ||
2.75%, 07/15/23 | 175,000 | 173,771 |
TotalEnergies Capital International S.A. | ||
3.70%, 01/15/24 | 195,000 | 195,604 |
3.75%, 04/10/24 | 225,000 | 225,810 |
2.43%, 01/10/25 (a) | 100,000 | 97,261 |
TransCanada PipeLines Ltd. | ||
3.75%, 10/16/23 (a) | 200,000 | 200,232 |
4.88%, 01/15/26 (a) | 200,000 | 203,288 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 75,000 | 82,845 |
Valero Energy Corp. | ||
2.85%, 04/15/25 (a) | 58,000 | 56,105 |
3.40%, 09/15/26 (a) | 125,000 | 120,596 |
Williams Cos., Inc. | ||
4.50%, 11/15/23 (a) | 100,000 | 100,729 |
4.30%, 03/04/24 (a) | 200,000 | 200,954 |
4.55%, 06/24/24 (a) | 219,000 | 221,107 |
3.90%, 01/15/25 (a) | 175,000 | 173,099 |
4.00%, 09/15/25 (a) | 150,000 | 148,025 |
3.75%, 06/15/27 (a) | 200,000 | 191,446 |
21,928,120 | ||
Industrial Other 0.1% | ||
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 225,000 | 222,424 |
Yale University | ||
0.87%, 04/15/25 (a) | 100,000 | 94,001 |
316,425 | ||
Technology 10.0% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 70,000 | 67,476 |
3.25%, 02/01/25 (a) | 200,000 | 199,264 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 135,000 | 135,797 |
0.45%, 08/15/25 (a) | 175,000 | 161,186 |
2.00%, 08/15/26 (a) | 350,000 | 331,898 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 75,000 | 73,564 |
3.50%, 12/05/26 (a) | 150,000 | 148,337 |
Apple Inc. | ||
3.00%, 02/09/24 (a) | 250,000 | 249,612 |
3.45%, 05/06/24 | 375,000 | 376,946 |
2.85%, 05/11/24 (a) | 350,000 | 348,029 |
1.80%, 09/11/24 (a) | 170,000 | 164,829 |
2.75%, 01/13/25 (a) | 210,000 | 207,740 |
2.50%, 02/09/25 | 150,000 | 147,240 |
1.13%, 05/11/25 (a) | 325,000 | 305,779 |
3.20%, 05/13/25 | 375,000 | 375,090 |
0.55%, 08/20/25 (a) | 250,000 | 229,682 |
0.70%, 02/08/26 (a) | 300,000 | 273,405 |
3.25%, 02/23/26 (a) | 525,000 | 521,304 |
2.45%, 08/04/26 (a) | 400,000 | 384,056 |
2.05%, 09/11/26 (a) | 375,000 | 353,591 |
3.35%, 02/09/27 (a) | 450,000 | 447,246 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.20%, 05/11/27 (a) | 350,000 | 345,037 |
3.00%, 06/20/27 (a) | 150,000 | 146,801 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 125,000 | 126,370 |
3.30%, 04/01/27 (a) | 225,000 | 220,259 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 100,000 | 97,894 |
4.00%, 04/01/25 (a) | 75,000 | 74,313 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 75,000 | 75,849 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 175,000 | 175,140 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 125,000 | 125,725 |
Baidu, Inc. | ||
3.88%, 09/29/23 (a) | 200,000 | 200,834 |
4.38%, 05/14/24 (a) | 250,000 | 251,960 |
4.13%, 06/30/25 | 200,000 | 199,856 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.63%, 01/15/24 (a) | 115,000 | 114,945 |
3.13%, 01/15/25 (a) | 115,000 | 112,373 |
3.88%, 01/15/27 (a) | 350,000 | 337,659 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 100,000 | 99,053 |
3.15%, 11/15/25 (a) | 280,000 | 269,965 |
3.46%, 09/15/26 (a) | 200,000 | 192,122 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 96,776 |
CDW LLC/CDW Finance Corp. | ||
5.50%, 12/01/24 (a) | 100,000 | 100,534 |
4.13%, 05/01/25 (a) | 125,000 | 121,698 |
2.67%, 12/01/26 (a) | 175,000 | 156,545 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 125,000 | 110,419 |
Cisco Systems, Inc. | ||
2.20%, 09/20/23 (a) | 100,000 | 99,147 |
3.63%, 03/04/24 | 175,000 | 176,477 |
3.50%, 06/15/25 | 100,000 | 100,806 |
2.95%, 02/28/26 | 125,000 | 123,089 |
2.50%, 09/20/26 (a) | 275,000 | 264,434 |
Citrix Systems, Inc. | ||
1.25%, 03/01/26 (a) | 150,000 | 145,079 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 100,000 | 99,758 |
5.85%, 07/15/25 (a) | 175,000 | 180,750 |
6.02%, 06/15/26 (a) | 775,000 | 804,078 |
4.90%, 10/01/26 (a) | 300,000 | 300,477 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 150,000 | 133,140 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 125,000 | 120,691 |
2.60%, 12/15/25 (a) | 75,000 | 70,764 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 145,000 | 139,291 |
1.25%, 07/15/25 (a) | 100,000 | 90,943 |
1.00%, 09/15/25 (a) | 125,000 | 112,206 |
1.45%, 05/15/26 (a) | 125,000 | 111,300 |
2.90%, 11/18/26 (a) | 125,000 | 116,179 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 125,000 | 118,381 |
1.15%, 03/01/26 (a) | 225,000 | 199,703 |
Fiserv, Inc. | ||
3.80%, 10/01/23 (a) | 145,000 | 145,380 |
2.75%, 07/01/24 (a) | 350,000 | 341,726 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.85%, 06/01/25 (a) | 175,000 | 173,388 |
3.20%, 07/01/26 (a) | 325,000 | 308,831 |
2.25%, 06/01/27 (a) | 150,000 | 134,388 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 100,000 | 100,653 |
3.75%, 02/01/26 (a) | 125,000 | 119,655 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 125,000 | 110,316 |
Genpact Luxembourg SARL/Genpact USA, Inc. | ||
1.75%, 04/10/26 (a)(g) | 150,000 | 136,538 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 100,000 | 93,841 |
2.65%, 02/15/25 (a) | 150,000 | 143,139 |
1.20%, 03/01/26 (a) | 150,000 | 132,402 |
4.80%, 04/01/26 (a) | 125,000 | 125,156 |
2.15%, 01/15/27 (a) | 175,000 | 155,230 |
Hewlett Packard Enterprise Co. | ||
4.45%, 10/02/23 (a) | 125,000 | 126,120 |
1.45%, 04/01/24 (a) | 175,000 | 168,578 |
4.90%, 10/15/25 (a) | 425,000 | 432,807 |
1.75%, 04/01/26 (a) | 150,000 | 137,234 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 141,794 |
1.45%, 06/17/26 (a) | 150,000 | 132,938 |
3.00%, 06/17/27 (a) | 150,000 | 138,720 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 300,000 | 299,199 |
3.40%, 03/25/25 (a) | 350,000 | 349,377 |
3.70%, 07/29/25 (a) | 475,000 | 477,646 |
2.60%, 05/19/26 (a) | 150,000 | 145,299 |
3.75%, 03/25/27 (a) | 100,000 | 100,506 |
3.15%, 05/11/27 (a) | 150,000 | 146,775 |
International Business Machines Corp. | ||
3.38%, 08/01/23 | 290,000 | 290,687 |
3.63%, 02/12/24 | 350,000 | 351,169 |
3.00%, 05/15/24 | 550,000 | 545,814 |
7.00%, 10/30/25 | 175,000 | 192,318 |
3.45%, 02/19/26 | 225,000 | 222,259 |
3.30%, 05/15/26 | 500,000 | 488,540 |
1.70%, 05/15/27 (a) | 200,000 | 180,080 |
Intuit, Inc. | ||
0.65%, 07/15/23 | 100,000 | 97,189 |
0.95%, 07/15/25 (a) | 100,000 | 92,297 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 125,000 | 112,036 |
4.25%, 05/15/27 (a) | 75,000 | 72,866 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 75,000 | 67,215 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 125,000 | 126,984 |
4.60%, 04/06/27 (a) | 100,000 | 100,611 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 225,000 | 228,690 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a)(d) | 150,000 | 127,049 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 65,000 | 65,074 |
3.75%, 03/15/26 (a) | 150,000 | 149,883 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 60,000 | 58,847 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 89,743 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 100,000 | 100,229 |
2.00%, 03/03/25 (a) | 175,000 | 168,907 |
2.95%, 11/21/26 (a) | 100,000 | 97,608 |
3.30%, 03/26/27 (a) | 175,000 | 172,233 |
Microchip Technology, Inc. | ||
2.67%, 09/01/23 | 175,000 | 172,093 |
0.97%, 02/15/24 | 250,000 | 237,662 |
4.25%, 09/01/25 (a) | 200,000 | 195,624 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 100,000 | 101,148 |
4.19%, 02/15/27 (a) | 175,000 | 171,201 |
Microsoft Corp. | ||
2.00%, 08/08/23 (a) | 270,000 | 267,349 |
3.63%, 12/15/23 (a) | 275,000 | 277,777 |
2.88%, 02/06/24 (a) | 320,000 | 319,709 |
2.70%, 02/12/25 (a) | 415,000 | 412,053 |
3.13%, 11/03/25 (a) | 500,000 | 499,780 |
2.40%, 08/08/26 (a) | 600,000 | 578,730 |
3.30%, 02/06/27 (a) | 700,000 | 698,495 |
Moody's Corp. | ||
4.88%, 02/15/24 (a) | 75,000 | 76,454 |
3.75%, 03/24/25 (a) | 100,000 | 99,928 |
Motorola Solutions, Inc. | ||
4.00%, 09/01/24 | 125,000 | 124,733 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 115,000 | 113,173 |
1.88%, 06/22/25 (a) | 100,000 | 93,308 |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 200,000 | 189,836 |
3.20%, 09/16/26 (a) | 175,000 | 173,688 |
NXP BV / NXP Funding LLC / NXP USA, Inc. | ||
4.40%, 06/01/27 (a) | 200,000 | 197,818 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a) | 200,000 | 202,146 |
5.35%, 03/01/26 (a) | 25,000 | 25,558 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 100,000 | 95,374 |
3.88%, 06/18/26 (a) | 175,000 | 168,847 |
Oracle Corp. | ||
2.40%, 09/15/23 (a) | 425,000 | 418,625 |
3.40%, 07/08/24 (a) | 350,000 | 345,565 |
2.95%, 11/15/24 (a) | 350,000 | 339,899 |
2.50%, 04/01/25 (a) | 585,000 | 555,914 |
2.95%, 05/15/25 (a) | 425,000 | 407,639 |
1.65%, 03/25/26 (a) | 375,000 | 336,052 |
2.65%, 07/15/26 (a) | 500,000 | 461,395 |
2.80%, 04/01/27 (a) | 350,000 | 319,805 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 200,000 | 195,288 |
1.65%, 06/01/25 (a) | 175,000 | 165,125 |
2.65%, 10/01/26 (a) | 225,000 | 213,554 |
QUALCOMM, Inc. | ||
2.90%, 05/20/24 (a) | 150,000 | 149,337 |
3.45%, 05/20/25 (a) | 250,000 | 249,997 |
3.25%, 05/20/27 (a) | 350,000 | 342,555 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 75,000 | 72,196 |
2.45%, 03/01/27 (a)(d) | 225,000 | 210,784 |
salesforce.com, Inc. | ||
0.63%, 07/15/24 (a) | 100,000 | 94,729 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 100,000 | 88,774 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
SYNNEX Corp. | ||
1.25%, 08/09/24 (a)(d) | 150,000 | 140,007 |
1.75%, 08/09/26 (a)(d) | 100,000 | 88,326 |
Texas Instruments, Inc. | ||
2.63%, 05/15/24 (a) | 50,000 | 49,563 |
1.38%, 03/12/25 (a) | 150,000 | 142,170 |
1.13%, 09/15/26 (a) | 100,000 | 91,126 |
Thomson Reuters Corp. | ||
4.30%, 11/23/23 (a) | 110,000 | 110,946 |
3.35%, 05/15/26 (a) | 100,000 | 97,208 |
Trimble, Inc. | ||
4.75%, 12/01/24 (a) | 70,000 | 70,488 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 200,000 | 183,776 |
3.88%, 04/22/27 (a) | 200,000 | 199,490 |
Tyco Electronics Group S.A. | ||
3.70%, 02/15/26 (a) | 100,000 | 99,826 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 100,000 | 101,072 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 148,946 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 675,000 | 666,576 |
1.90%, 04/15/27 (a) | 200,000 | 184,678 |
VMware, Inc. | ||
0.60%, 08/15/23 | 200,000 | 193,378 |
4.50%, 05/15/25 (a) | 175,000 | 175,922 |
1.40%, 08/15/26 (a) | 375,000 | 332,209 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 425,000 | 407,248 |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 100,000 | 96,126 |
1.35%, 03/15/26 (a) | 125,000 | 111,690 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 150,000 | 143,885 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 100,000 | 99,333 |
36,370,561 | ||
Transportation 1.5% | ||
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 75,000 | 73,907 |
Burlington Northern Santa Fe LLC | ||
3.85%, 09/01/23 (a) | 150,000 | 150,930 |
3.75%, 04/01/24 (a) | 152,000 | 153,066 |
3.00%, 04/01/25 (a) | 100,000 | 99,277 |
3.65%, 09/01/25 (a) | 50,000 | 50,326 |
7.00%, 12/15/25 | 50,000 | 55,465 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 75,000 | 73,853 |
2.75%, 03/01/26 (a) | 75,000 | 72,087 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 275,000 | 259,435 |
2.90%, 02/01/25 (a) | 140,000 | 136,016 |
1.75%, 12/02/26 (a) | 175,000 | 158,553 |
Continental Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 10/11/25 | 122,547 | 119,287 |
Continental Airlines 2012-2 Class A Pass-Through Trust | ||
4.00%, 04/29/26 | 144,068 | 137,405 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 75,000 | 74,679 |
3.35%, 11/01/25 (a) | 150,000 | 147,510 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.60%, 11/01/26 (a) | 100,000 | 94,201 |
3.25%, 06/01/27 (a) | 150,000 | 144,117 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 10/25/25 | 75,000 | 72,474 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 150,000 | 147,354 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 75,000 | 65,475 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 150,000 | 148,447 |
Norfolk Southern Corp. | ||
3.85%, 01/15/24 (a) | 25,000 | 25,096 |
3.65%, 08/01/25 (a) | 50,000 | 49,763 |
2.90%, 06/15/26 (a) | 150,000 | 143,772 |
Ryder System, Inc. | ||
3.88%, 12/01/23 (a) | 50,000 | 49,969 |
2.50%, 09/01/24 (a) | 120,000 | 115,576 |
4.63%, 06/01/25 (a) | 100,000 | 100,815 |
3.35%, 09/01/25 (a) | 90,000 | 87,081 |
1.75%, 09/01/26 (a) | 25,000 | 22,665 |
2.90%, 12/01/26 (a) | 100,000 | 93,248 |
2.85%, 03/01/27 (a) | 75,000 | 69,675 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 280,000 | 285,947 |
3.00%, 11/15/26 (a) | 50,000 | 46,815 |
5.13%, 06/15/27 (a) | 400,000 | 403,780 |
Union Pacific Corp. | ||
3.65%, 02/15/24 (a) | 90,000 | 90,215 |
3.15%, 03/01/24 (a) | 95,000 | 94,431 |
3.25%, 01/15/25 (a) | 15,000 | 14,929 |
3.75%, 07/15/25 (a) | 75,000 | 75,085 |
3.25%, 08/15/25 (a) | 100,000 | 98,618 |
2.75%, 03/01/26 (a) | 150,000 | 144,150 |
2.15%, 02/05/27 (a) | 100,000 | 92,931 |
3.00%, 04/15/27 (a) | 150,000 | 144,477 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 02/15/27 | 109,906 | 105,462 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 07/15/27 | 103,750 | 98,421 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 100,000 | 97,650 |
3.90%, 04/01/25 (a) | 200,000 | 201,746 |
2.40%, 11/15/26 (a) | 100,000 | 95,135 |
5,281,316 | ||
174,868,828 | ||
Utility 5.1% | ||
Electric 4.6% | ||
AES Corp. | ||
1.38%, 01/15/26 (a) | 200,000 | 176,558 |
Alabama Power Co. | ||
3.55%, 12/01/23 | 20,000 | 20,109 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 125,000 | 121,402 |
3.65%, 02/15/26 (a) | 75,000 | 73,753 |
1.95%, 03/15/27 (a) | 200,000 | 179,658 |
Ameren Illinois Co. | ||
3.25%, 03/01/25 (a) | 25,000 | 24,725 |
American Electric Power Co., Inc. | ||
0.75%, 11/01/23 (a) | 100,000 | 96,258 |
1.00%, 11/01/25 (a) | 150,000 | 135,058 |
3.88%, 02/15/62 (a)(b) | 125,000 | 97,649 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 125,000 | 123,439 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 75,000 | 73,650 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 160,000 | 156,578 |
3.20%, 04/15/25 (a) | 125,000 | 121,549 |
Baltimore Gas & Electric Co. | ||
3.35%, 07/01/23 (a) | 75,000 | 74,773 |
Berkshire Hathaway Energy Co. | ||
3.75%, 11/15/23 (a) | 50,000 | 50,326 |
3.50%, 02/01/25 (a) | 30,000 | 30,023 |
4.05%, 04/15/25 (a) | 200,000 | 201,870 |
Black Hills Corp. | ||
4.25%, 11/30/23 (a) | 165,000 | 165,640 |
3.95%, 01/15/26 (a) | 50,000 | 49,691 |
3.15%, 01/15/27 (a) | 100,000 | 95,259 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 75,000 | 70,796 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 100,000 | 96,831 |
1.45%, 06/01/26 (a) | 100,000 | 90,281 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 100,000 | 96,907 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 75,000 | 72,217 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 125,000 | 119,974 |
Connecticut Light and Power Co. | ||
0.75%, 12/01/25 (a) | 75,000 | 67,931 |
3.20%, 03/15/27 (a) | 200,000 | 194,874 |
Consolidated Edison, Inc. | ||
0.65%, 12/01/23 (a) | 125,000 | 120,441 |
Consumers Energy Co. | ||
3.38%, 08/15/23 (a) | 13,000 | 13,026 |
Delmarva Power & Light Co. | ||
3.50%, 11/15/23 (a) | 175,000 | 175,817 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 | 50,000 | 48,872 |
3.30%, 03/15/25 (a) | 100,000 | 98,067 |
3.90%, 10/01/25 (a) | 175,000 | 174,491 |
1.45%, 04/15/26 (a) | 125,000 | 113,115 |
2.85%, 08/15/26 (a) | 100,000 | 95,031 |
5.75%, 10/01/54 (a)(b) | 100,000 | 93,561 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 50,000 | 49,638 |
DTE Energy Co. | ||
2.53%, 10/01/24 | 150,000 | 145,207 |
1.05%, 06/01/25 (a) | 150,000 | 137,938 |
2.85%, 10/01/26 (a) | 125,000 | 118,324 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 125,000 | 120,885 |
Duke Energy Corp. | ||
3.95%, 10/15/23 (a) | 50,000 | 50,233 |
3.75%, 04/15/24 (a) | 175,000 | 175,010 |
0.90%, 09/15/25 (a) | 150,000 | 136,059 |
2.65%, 09/01/26 (a) | 250,000 | 234,932 |
3.25%, 01/15/82 (a)(b) | 100,000 | 77,575 |
Duke Energy Ohio, Inc. | ||
3.80%, 09/01/23 (a) | 100,000 | 100,196 |
Duke Energy Progress LLC | ||
3.38%, 09/01/23 (a) | 100,000 | 100,257 |
3.25%, 08/15/25 (a) | 100,000 | 99,511 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Edison International | ||
3.55%, 11/15/24 (a) | 100,000 | 97,766 |
4.95%, 04/15/25 (a) | 90,000 | 90,325 |
5.75%, 06/15/27 (a) | 150,000 | 152,787 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 200,000 | 191,742 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 100,000 | 97,462 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 100,000 | 98,485 |
Entergy Arkansas LLC | ||
3.70%, 06/01/24 (a) | 92,000 | 92,416 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 175,000 | 157,883 |
2.95%, 09/01/26 (a) | 150,000 | 142,402 |
Entergy Gulf States Louisiana LLC | ||
5.59%, 10/01/24 | 100,000 | 103,685 |
Entergy Louisiana LLC | ||
4.05%, 09/01/23 (a) | 50,000 | 50,307 |
0.62%, 11/17/23 (a) | 121,000 | 116,424 |
0.95%, 10/01/24 (a) | 250,000 | 235,867 |
5.40%, 11/01/24 | 100,000 | 103,547 |
Evergy Metro, Inc. | ||
3.65%, 08/15/25 (a) | 75,000 | 74,849 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 200,000 | 192,670 |
Eversource Energy | ||
3.80%, 12/01/23 (a) | 100,000 | 100,214 |
2.90%, 10/01/24 (a) | 75,000 | 73,318 |
3.15%, 01/15/25 (a) | 75,000 | 73,483 |
0.80%, 08/15/25 (a) | 50,000 | 45,179 |
1.40%, 08/15/26 (a) | 75,000 | 67,060 |
2.90%, 03/01/27 (a) | 100,000 | 94,296 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 125,000 | 124,696 |
3.40%, 04/15/26 (a) | 150,000 | 145,726 |
2.75%, 03/15/27 (a)(d) | 125,000 | 117,312 |
Exelon Generation Co. LLC | ||
3.25%, 06/01/25 (a) | 150,000 | 143,943 |
Florida Power & Light Co. | ||
3.25%, 06/01/24 (a) | 80,000 | 80,113 |
2.85%, 04/01/25 (a) | 250,000 | 245,960 |
3.13%, 12/01/25 (a) | 125,000 | 123,879 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 190,000 | 178,818 |
Georgia Power Co. | ||
2.10%, 07/30/23 | 165,000 | 162,622 |
2.20%, 09/15/24 (a) | 100,000 | 96,701 |
3.25%, 03/30/27 (a) | 50,000 | 47,691 |
Interstate Power and Light Co. | ||
3.25%, 12/01/24 (a) | 100,000 | 98,970 |
IPALCO Enterprises, Inc. | ||
3.70%, 09/01/24 (a) | 10,000 | 9,866 |
ITC Holdings Corp. | ||
3.65%, 06/15/24 (a) | 75,000 | 74,476 |
3.25%, 06/30/26 (a) | 75,000 | 72,217 |
Louisville Gas and Electric Co. | ||
3.30%, 10/01/25 (a) | 125,000 | 123,510 |
MidAmerican Energy Co. | ||
3.50%, 10/15/24 (a) | 125,000 | 125,082 |
National Rural Utilities Cooperative Finance Corp. | ||
3.40%, 11/15/23 (a) | 100,000 | 100,295 |
2.95%, 02/07/24 (a) | 150,000 | 148,950 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.35%, 02/08/24 | 100,000 | 95,394 |
2.85%, 01/27/25 (a) | 50,000 | 48,956 |
3.25%, 11/01/25 (a) | 100,000 | 97,842 |
1.00%, 06/15/26 (a) | 100,000 | 89,962 |
5.25%, 04/20/46 (a)(b) | 75,000 | 68,876 |
NextEra Energy Capital Holdings, Inc. | ||
1.88%, 01/15/27 (a) | 200,000 | 180,460 |
3.55%, 05/01/27 (a) | 300,000 | 290,019 |
3.80%, 03/15/82 (a)(b) | 100,000 | 79,798 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 100,000 | 98,669 |
2.95%, 04/01/25 (a) | 50,000 | 48,926 |
0.55%, 10/01/25 (a) | 100,000 | 90,314 |
Pacific Gas and Electric Co. | ||
4.25%, 08/01/23 (a) | 100,000 | 99,761 |
1.70%, 11/15/23 (a) | 175,000 | 168,474 |
3.85%, 11/15/23 (a) | 50,000 | 49,569 |
3.75%, 02/15/24 (a) | 100,000 | 97,974 |
3.40%, 08/15/24 (a) | 75,000 | 72,415 |
3.50%, 06/15/25 (a) | 100,000 | 95,030 |
3.45%, 07/01/25 | 175,000 | 164,664 |
3.15%, 01/01/26 | 325,000 | 296,712 |
2.95%, 03/01/26 (a) | 125,000 | 113,567 |
3.30%, 03/15/27 (a) | 75,000 | 67,613 |
5.45%, 06/15/27 (a) | 100,000 | 97,316 |
PacifiCorp | ||
3.60%, 04/01/24 (a) | 50,000 | 50,133 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 100,000 | 91,669 |
Public Service Electric and Gas Co. | ||
3.25%, 09/01/23 (a) | 75,000 | 75,019 |
2.25%, 09/15/26 (a) | 100,000 | 94,080 |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 175,000 | 171,552 |
0.80%, 08/15/25 (a) | 150,000 | 135,798 |
0.95%, 03/15/26 (a) | 100,000 | 90,897 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 100,000 | 98,263 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 125,000 | 119,070 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 100,000 | 95,250 |
Southern California Edison Co. | ||
0.70%, 08/01/23 | 150,000 | 145,624 |
3.50%, 10/01/23 (a) | 25,000 | 24,979 |
3.70%, 08/01/25 (a) | 200,000 | 197,000 |
1.20%, 02/01/26 (a) | 100,000 | 90,000 |
Southern Co. | ||
2.95%, 07/01/23 (a) | 225,000 | 222,489 |
0.60%, 02/26/24 (a) | 100,000 | 94,814 |
3.25%, 07/01/26 (a) | 300,000 | 287,919 |
4.00%, 01/15/51 (a)(b) | 225,000 | 201,690 |
3.75%, 09/15/51 (a)(b) | 200,000 | 169,940 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 100,000 | 100,233 |
0.90%, 01/15/26 (a) | 75,000 | 67,006 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 100,000 | 91,245 |
2.75%, 10/01/26 (a) | 100,000 | 93,906 |
The Cleveland Electric Illuminating Co. | ||
5.50%, 08/15/24 | 50,000 | 51,509 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 75,000 | 73,828 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Virginia Electric and Power Co. | ||
3.10%, 05/15/25 (a) | 100,000 | 98,493 |
3.15%, 01/15/26 (a) | 150,000 | 145,921 |
2.95%, 11/15/26 (a) | 100,000 | 95,473 |
3.50%, 03/15/27 (a) | 150,000 | 146,659 |
WEC Energy Group, Inc. | ||
0.55%, 09/15/23 | 150,000 | 145,047 |
0.80%, 03/15/24 (a) | 125,000 | 118,914 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 50,000 | 48,308 |
Xcel Energy, Inc. | ||
0.50%, 10/15/23 (a) | 125,000 | 120,312 |
3.30%, 06/01/25 (a) | 150,000 | 147,474 |
3.35%, 12/01/26 (a) | 100,000 | 96,644 |
1.75%, 03/15/27 (a) | 100,000 | 89,386 |
16,727,814 | ||
Natural Gas 0.4% | ||
AGL Capital Corp. | ||
3.25%, 06/15/26 (a) | 75,000 | 72,117 |
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 100,000 | 96,084 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 225,000 | 201,962 |
3.49%, 05/15/27 (a) | 150,000 | 143,847 |
ONE Gas, Inc. | ||
3.61%, 02/01/24 (a) | 50,000 | 50,006 |
1.10%, 03/11/24 (a) | 125,000 | 119,026 |
Sempra Energy | ||
3.25%, 06/15/27 (a) | 150,000 | 142,356 |
4.13%, 04/01/52 (a)(b) | 175,000 | 140,761 |
Southern California Gas Co. | ||
3.15%, 09/15/24 (a) | 100,000 | 99,657 |
3.20%, 06/15/25 (a) | 50,000 | 49,131 |
2.60%, 06/15/26 (a) | 100,000 | 94,962 |
2.95%, 04/15/27 (a) | 200,000 | 189,982 |
Southern Co. Gas Capital Corp. | ||
2.45%, 10/01/23 (a) | 60,000 | 59,193 |
1,459,084 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.85%, 03/01/24 (a) | 85,000 | 85,204 |
3.40%, 03/01/25 (a) | 85,000 | 84,061 |
169,265 | ||
18,356,163 | ||
Total Corporates (Cost $385,566,904) | 359,596,976 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS | ||
Money Market Funds 0.8% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (i) | 3,065,391 | 3,065,391 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (i)(j) | 65,412 | 65,412 |
3,130,803 | ||
Total Short-Term Investments (Cost $3,130,803) | 3,130,803 | |
Total Investments in Securities (Cost $388,697,707) | 362,727,779 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
5 Year US Treasury Note (CBOT), expires 09/30/22 | 4 | 449,000 | (37) |
(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 is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(c) | All or a portion of this security is designated as collateral for delayed-delivery securities. |
(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 $5,380,180 or 1.5% of net assets. |
(e) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(f) | Issuers are affiliated with the fund’s investment adviser. |
(g) | 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. |
(h) | All or a portion of this security is on loan. Securities on loan were valued at $63,057. |
(i) | The rate shown is the 7-day yield. |
(j) | Security purchased with cash collateral received for securities on loan. |
CBOT — | Chicago Board of Trade |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/21 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 6/30/22 | FACE AMOUNT AT 6/30/22 | INTEREST INCOME EARNED |
CORPORATES 0.4% OF NET ASSETS | |||||||||
Financial Institutions 0.4% | |||||||||
Brokerage/Asset Managers/Exchanges 0.4% | |||||||||
The Charles Schwab Corp. | |||||||||
2.65%, 01/25/23 | $152,937 | $— | ($152,307) | ($581) | $235 | ($284) | $— | $— | $342 |
3.55%, 02/01/24 | 131,345 | — | (56,716) | (1,439) | (1,712) | (1,324) | 70,154 | 70,000 | 1,524 |
0.75%, 03/18/24 | 398,276 | — | (171,293) | (4,485) | (6,346) | (334) | 215,818 | 225,000 | 1,051 |
3.75%, 04/01/24 | 58,077 | — | — | — | (1,335) | (1,349) | 55,393 | 55,000 | 1,031 |
4.20%, 03/24/25 | 163,233 | — | (79,140) | (3,084) | (3,051) | (1,745) | 76,213 | 75,000 | 2,199 |
3.63%, 04/01/25 | 53,334 | — | — | — | (2,801) | (584) | 49,949 | 50,000 | 906 |
3.85%, 05/21/25 | 215,662 | — | (84,376) | (2,645) | (6,118) | (1,970) | 120,553 | 120,000 | 2,632 |
3.45%, 02/13/26 | 32,220 | — | — | — | (2,145) | (325) | 29,750 | 30,000 | 518 |
0.90%, 03/11/26 | 293,394 | — | (94,657) | (4,886) | (13,998) | 113 | 179,966 | 200,000 | 1,034 |
1.15%, 05/13/26 | 247,037 | — | (95,436) | (4,873) | (11,159) | (65) | 135,504 | 150,000 | 1,035 |
3.20%, 03/02/27 | — | 100,452 | — | — | (3,616) | (22) | 96,814 | 100,000 | 756 |
2.45%, 03/03/27 | — | 194,305 | — | — | (7,706) | 259 | 186,858 | 200,000 | 1,184 |
3.30%, 04/01/27 | — | 49,570 | — | — | (990) | 7 | 48,587 | 50,000 | 133 |
Total | $1,745,515 | $344,327 | ($733,925) | ($21,993) | ($60,742) | ($7,623) | $1,265,559 | $14,345 |
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 | $— | $359,596,976 | $— | $359,596,976 |
Short-Term Investments1 | 3,130,803 | — | — | 3,130,803 |
Liabilities | ||||
Futures Contracts2 | (37) | — | — | (37) |
Total | $3,130,766 | $359,596,976 | $— | $362,727,742 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,349,885) | $1,265,559 | |
Investments in securities, at value - unaffiliated (cost $387,347,822) including securities on loan of $63,057 | 361,462,220 | |
Deposit with broker for futures contracts | 39,200 | |
Receivables: | ||
Investments sold | 9,433,213 | |
Interest | 2,958,306 | |
Dividends | 1,653 | |
Income from securities on loan | + | 133 |
Total assets | 375,160,284 | |
Liabilities | ||
Collateral held for securities on loan | 65,412 | |
Payables: | ||
Fund shares redeemed | 7,124,449 | |
Investments bought | 4,404,285 | |
Investments bought - delayed delivery | 200,955 | |
Management fees | 11,976 | |
Variation margin on futures contracts | + | 7,123 |
Total liabilities | 11,814,200 | |
Net assets | $363,346,084 | |
Net Assets by Source | ||
Capital received from investors | $396,334,638 | |
Total distributable loss | + | (32,988,554) |
Net assets | $363,346,084 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$363,346,084 | 7,650,000 | $47.50 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $2,744,421 | |
Interest received from securities - affiliated | 6,722 | |
Dividends received from securities - unaffiliated | 3,932 | |
Securities on loan, net | + | 1,689 |
Total investment income | 2,756,764 | |
Expenses | ||
Management fees | 85,733 | |
Total expenses | – | 85,733 |
Net investment income | 2,671,031 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (23,593) | |
Net realized losses on sales of securities - unaffiliated | (936,213) | |
Net realized gains on sales of in-kind redemptions - affiliated | 1,600 | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (6,340,328) | |
Net realized losses on futures contracts | + | (42,823) |
Net realized losses | (7,341,357) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (60,742) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (21,008,666) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 1,062 |
Net change in unrealized appreciation (depreciation) | + | (21,068,346) |
Net realized and unrealized losses | (28,409,703) | |
Decrease in net assets resulting from operations | ($25,738,672) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $2,671,031 | $5,118,178 | |
Net realized gains (losses) | (7,341,357) | 685,257 | |
Net change in unrealized appreciation (depreciation) | + | (21,068,346) | (8,072,331) |
Decrease in net assets from operations | ($25,738,672) | ($2,268,896) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($2,316,035) | ($5,031,370) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 950,000 | $46,325,121 | 13,350,000 | $682,272,042 | |
Shares redeemed | + | (5,350,000) | (264,328,034) | (3,600,000) | (183,713,833) |
Net transactions in fund shares | (4,400,000) | ($218,002,913) | 9,750,000 | $498,558,209 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 12,050,000 | $609,403,704 | 2,300,000 | $118,145,761 | |
Total increase (decrease) | + | (4,400,000) | (246,057,620) | 9,750,000 | 491,257,943 |
End of period | 7,650,000 | $363,346,084 | 12,050,000 | $609,403,704 |
1/1/22– 6/30/22* | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/19 1– 12/31/19 | |||
Per-Share Data | ||||||
Net asset value at beginning of period | $51.73 | $53.69 | $50.07 | $50.00 | ||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.59 | 1.02 | 1.26 | 0.29 | ||
Net realized and unrealized gains (losses) | (7.22) | (1.98) | 3.60 | 0.04 | ||
Total from investment operations | (6.63) | (0.96) | 4.86 | 0.33 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.48) | (1.00) | (1.24) | (0.26) | ||
Net asset value at end of period | $44.62 | $51.73 | $53.69 | $50.07 | ||
Total return | (12.87%) 3 | (1.80%) | 9.83% | 0.67% 3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04% 4 | 0.05% 5 | 0.05% | 0.06% 4,6 | ||
Net investment income (loss) | 2.53% 4 | 1.96% | 2.43% | 2.61% 4 | ||
Portfolio turnover rate7 | 5% 3 | 11% | 36% | 8% 3 | ||
Net assets, end of period (x 1,000) | $397,137 | $375,055 | $190,584 | $110,151 |
* | Unaudited. |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 98.8% OF NET ASSETS | ||
Financial Institutions 35.2% | ||
Banking 22.4% | ||
Ally Financial, Inc. | ||
2.20%, 11/02/28 (a) | 150,000 | 122,433 |
8.00%, 11/01/31 | 700,000 | 775,514 |
American Express Co. | ||
4.05%, 05/03/29 (a) | 275,000 | 270,317 |
4.99%, 05/26/33 (a)(b) | 200,000 | 200,196 |
Banco Santander S.A. | ||
3.80%, 02/23/28 | 200,000 | 187,482 |
4.38%, 04/12/28 | 200,000 | 192,518 |
3.31%, 06/27/29 | 200,000 | 181,912 |
3.49%, 05/28/30 | 400,000 | 354,660 |
2.75%, 12/03/30 | 400,000 | 318,296 |
2.96%, 03/25/31 | 200,000 | 167,922 |
3.23%, 11/22/32 (a)(b) | 200,000 | 159,750 |
Bank of America Corp. | ||
3.25%, 10/21/27 (a) | 450,000 | 424,786 |
4.18%, 11/25/27 (a) | 475,000 | 462,408 |
3.59%, 07/21/28 (a)(b) | 600,000 | 566,940 |
3.42%, 12/20/28 (a)(b) | 1,500,000 | 1,397,745 |
3.97%, 03/05/29 (a)(b) | 575,000 | 548,866 |
2.09%, 06/14/29 (a)(b) | 600,000 | 514,614 |
4.27%, 07/23/29 (a)(b) | 575,000 | 553,265 |
3.97%, 02/07/30 (a)(b) | 655,000 | 617,364 |
3.19%, 07/23/30 (a)(b) | 620,000 | 555,892 |
2.88%, 10/22/30 (a)(b) | 525,000 | 459,868 |
2.50%, 02/13/31 (a)(b) | 575,000 | 487,134 |
2.59%, 04/29/31 (a)(b) | 925,000 | 786,176 |
1.90%, 07/23/31 (a)(b) | 450,000 | 360,526 |
1.92%, 10/24/31 (a)(b) | 750,000 | 598,747 |
2.65%, 03/11/32 (a)(b) | 525,000 | 441,940 |
2.69%, 04/22/32 (a)(b) | 950,000 | 798,646 |
2.30%, 07/21/32 (a)(b) | 850,000 | 687,276 |
2.57%, 10/20/32 (a)(b) | 1,050,000 | 867,069 |
2.97%, 02/04/33 (a)(b) | 950,000 | 810,169 |
4.57%, 04/27/33 (a)(b) | 1,000,000 | 974,080 |
2.48%, 09/21/36 (a)(b) | 475,000 | 369,692 |
3.85%, 03/08/37 (a)(b) | 600,000 | 519,756 |
Bank of Montreal | ||
3.80%, 12/15/32 (a)(b) | 225,000 | 209,291 |
3.09%, 01/10/37 (a)(b) | 300,000 | 245,919 |
Bank of New York Mellon Corp. | ||
3.40%, 01/29/28 (a) | 50,000 | 47,957 |
3.85%, 04/28/28 | 200,000 | 195,524 |
1.65%, 07/14/28 (a) | 300,000 | 260,601 |
3.00%, 10/30/28 (a) | 100,000 | 91,800 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.90%, 01/25/29 (a) | 125,000 | 108,510 |
3.30%, 08/23/29 (a) | 175,000 | 162,061 |
1.65%, 01/28/31 (a) | 100,000 | 80,946 |
1.80%, 07/28/31 (a) | 100,000 | 81,230 |
2.50%, 01/26/32 (a) | 125,000 | 106,711 |
4.29%, 06/13/33 (a)(b) | 250,000 | 245,303 |
Bank of Nova Scotia | ||
2.15%, 08/01/31 | 175,000 | 143,315 |
2.45%, 02/02/32 | 225,000 | 187,108 |
4.59%, 05/04/37 (a)(b) | 300,000 | 276,495 |
BankUnited, Inc. | ||
5.13%, 06/11/30 (a) | 100,000 | 96,281 |
Barclays PLC | ||
4.34%, 01/10/28 (a) | 200,000 | 191,354 |
4.84%, 05/09/28 (a) | 500,000 | 481,885 |
4.97%, 05/16/29 (a)(b) | 550,000 | 540,479 |
5.09%, 06/20/30 (a)(b) | 325,000 | 308,246 |
2.65%, 06/24/31 (a)(b) | 200,000 | 166,332 |
2.67%, 03/10/32 (a)(b) | 250,000 | 201,858 |
2.89%, 11/24/32 (a)(b) | 200,000 | 161,272 |
3.56%, 09/23/35 (a)(b) | 250,000 | 198,653 |
Canadian Imperial Bank of Commerce | ||
3.60%, 04/07/32 (a) | 200,000 | 181,792 |
Capital One Financial Corp. | ||
3.80%, 01/31/28 (a) | 250,000 | 235,755 |
3.27%, 03/01/30 (a)(b) | 525,000 | 465,670 |
2.36%, 07/29/32 (a)(b) | 225,000 | 171,416 |
2.62%, 11/02/32 (a)(b) | 150,000 | 120,638 |
5.27%, 05/10/33 (a)(b) | 200,000 | 196,754 |
Citigroup, Inc. | ||
4.45%, 09/29/27 | 950,000 | 934,933 |
6.63%, 01/15/28 | 175,000 | 192,556 |
3.67%, 07/24/28 (a)(b) | 570,000 | 539,140 |
4.13%, 07/25/28 | 495,000 | 475,452 |
3.52%, 10/27/28 (a)(b) | 480,000 | 448,699 |
4.08%, 04/23/29 (a)(b) | 500,000 | 475,880 |
3.98%, 03/20/30 (a)(b) | 575,000 | 538,499 |
2.98%, 11/05/30 (a)(b) | 350,000 | 306,036 |
2.67%, 01/29/31 (a)(b) | 625,000 | 531,444 |
4.41%, 03/31/31 (a)(b) | 650,000 | 622,830 |
2.57%, 06/03/31 (a)(b) | 925,000 | 778,702 |
2.56%, 05/01/32 (a)(b) | 725,000 | 598,321 |
6.63%, 06/15/32 | 300,000 | 328,446 |
2.52%, 11/03/32 (a)(b) | 450,000 | 365,476 |
3.06%, 01/25/33 (a)(b) | 800,000 | 680,048 |
3.79%, 03/17/33 (a)(b) | 650,000 | 587,762 |
4.91%, 05/24/33 (a)(b) | 700,000 | 691,488 |
Citizens Financial Group, Inc. | ||
2.50%, 02/06/30 (a) | 125,000 | 105,564 |
3.25%, 04/30/30 (a) | 150,000 | 133,325 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 150,000 | 145,830 |
Deutsche Bank AG | ||
3.55%, 09/18/31 (a)(b) | 400,000 | 335,252 |
3.04%, 05/28/32 (a)(b) | 350,000 | 277,207 |
Discover Bank | ||
2.70%, 02/06/30 (a) | 350,000 | 292,124 |
Fifth Third Bancorp | ||
3.95%, 03/14/28 (a) | 150,000 | 145,988 |
4.34%, 04/25/33 (a)(b) | 200,000 | 190,496 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 100,000 | 102,438 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 100,000 | 104,110 |
Goldman Sachs Group, Inc. | ||
3.81%, 04/23/29 (a)(b) | 440,000 | 415,109 |
4.22%, 05/01/29 (a)(b) | 825,000 | 793,815 |
2.60%, 02/07/30 (a) | 425,000 | 362,712 |
3.80%, 03/15/30 (a) | 675,000 | 626,056 |
1.99%, 01/27/32 (a)(b) | 675,000 | 534,809 |
2.62%, 04/22/32 (a)(b) | 900,000 | 748,638 |
2.38%, 07/21/32 (a)(b) | 1,025,000 | 830,732 |
2.65%, 10/21/32 (a)(b) | 675,000 | 556,834 |
3.10%, 02/24/33 (a)(b) | 900,000 | 770,256 |
HSBC Holdings PLC | ||
2.01%, 09/22/28 (a)(b) | 500,000 | 428,140 |
4.58%, 06/19/29 (a)(b) | 650,000 | 627,055 |
2.21%, 08/17/29 (a)(b) | 525,000 | 441,567 |
4.95%, 03/31/30 | 700,000 | 692,125 |
3.97%, 05/22/30 (a)(b) | 575,000 | 530,299 |
2.85%, 06/04/31 (a)(b) | 700,000 | 591,941 |
2.36%, 08/18/31 (a)(b) | 350,000 | 284,235 |
2.80%, 05/24/32 (a)(b) | 700,000 | 575,799 |
2.87%, 11/22/32 (a)(b) | 500,000 | 410,145 |
4.76%, 03/29/33 (a)(b) | 400,000 | 369,656 |
Huntington Bancshares, Inc. | ||
2.55%, 02/04/30 (a) | 175,000 | 149,324 |
2.49%, 08/15/36 (a)(b) | 215,000 | 167,724 |
ING Groep N.V. | ||
4.55%, 10/02/28 | 300,000 | 292,305 |
4.05%, 04/09/29 | 325,000 | 305,845 |
2.73%, 04/01/32 (a)(b) | 200,000 | 167,044 |
4.25%, 03/28/33 (a)(b) | 200,000 | 186,748 |
JPMorgan Chase & Co. | ||
4.25%, 10/01/27 | 300,000 | 297,375 |
3.63%, 12/01/27 (a) | 200,000 | 192,242 |
2.18%, 06/01/28 (a)(b) | 300,000 | 267,618 |
3.51%, 01/23/29 (a)(b) | 485,000 | 454,455 |
4.01%, 04/23/29 (a)(b) | 375,000 | 359,779 |
2.07%, 06/01/29 (a)(b) | 450,000 | 387,477 |
4.20%, 07/23/29 (a)(b) | 695,000 | 671,175 |
4.45%, 12/05/29 (a)(b) | 600,000 | 585,300 |
3.70%, 05/06/30 (a)(b) | 500,000 | 466,345 |
4.57%, 06/14/30 (a)(b) | 600,000 | 590,142 |
8.75%, 09/01/30 | 100,000 | 122,545 |
2.74%, 10/15/30 (a)(b) | 955,000 | 833,457 |
4.49%, 03/24/31 (a)(b) | 625,000 | 611,744 |
2.52%, 04/22/31 (a)(b) | 675,000 | 575,842 |
2.96%, 05/13/31 (a)(b) | 615,000 | 533,057 |
1.76%, 11/19/31 (a)(b) | 300,000 | 238,050 |
1.95%, 02/04/32 (a)(b) | 575,000 | 460,195 |
2.58%, 04/22/32 (a)(b) | 750,000 | 632,025 |
2.55%, 11/08/32 (a)(b) | 550,000 | 457,462 |
2.96%, 01/25/33 (a)(b) | 1,100,000 | 945,428 |
4.59%, 04/26/33 (a)(b) | 650,000 | 639,463 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KeyBank NA | ||
3.90%, 04/13/29 | 300,000 | 283,425 |
KeyCorp | ||
4.10%, 04/30/28 | 150,000 | 144,758 |
2.55%, 10/01/29 | 100,000 | 86,572 |
Lloyds Banking Group PLC | ||
4.38%, 03/22/28 | 350,000 | 340,308 |
4.55%, 08/16/28 | 350,000 | 342,762 |
3.57%, 11/07/28 (a)(b) | 500,000 | 469,150 |
Manufacturers & Traders Trust Co. | ||
3.40%, 08/17/27 | 200,000 | 190,044 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.29%, 07/25/27 | 100,000 | 94,778 |
3.96%, 03/02/28 | 300,000 | 289,962 |
4.05%, 09/11/28 | 350,000 | 338,366 |
3.74%, 03/07/29 | 325,000 | 306,585 |
3.20%, 07/18/29 | 425,000 | 384,004 |
2.56%, 02/25/30 | 200,000 | 171,798 |
2.05%, 07/17/30 | 200,000 | 163,428 |
2.31%, 07/20/32 (a)(b) | 500,000 | 407,830 |
2.49%, 10/13/32 (a)(b) | 200,000 | 165,304 |
2.85%, 01/19/33 (a)(b) | 275,000 | 234,017 |
4.32%, 04/19/33 (a)(b) | 200,000 | 192,480 |
Mizuho Financial Group, Inc. | ||
3.17%, 09/11/27 | 350,000 | 325,325 |
4.02%, 03/05/28 | 200,000 | 191,794 |
4.25%, 09/11/29 (a)(b) | 300,000 | 289,359 |
3.26%, 05/22/30 (a)(b) | 100,000 | 89,979 |
3.15%, 07/16/30 (a)(b) | 200,000 | 178,224 |
2.87%, 09/13/30 (a)(b) | 100,000 | 87,144 |
2.59%, 05/25/31 (a)(b) | 200,000 | 168,246 |
2.20%, 07/10/31 (a)(b) | 300,000 | 244,284 |
1.98%, 09/08/31 (a)(b) | 200,000 | 158,850 |
2.56%, 09/13/31 | 225,000 | 180,466 |
2.26%, 07/09/32 (a)(b) | 200,000 | 159,844 |
Morgan Stanley | ||
3.59%, 07/22/28 (a)(b) | 650,000 | 616,057 |
3.77%, 01/24/29 (a)(b) | 858,000 | 816,850 |
4.43%, 01/23/30 (a)(b) | 655,000 | 636,680 |
2.70%, 01/22/31 (a)(b) | 840,000 | 728,759 |
3.62%, 04/01/31 (a)(b) | 650,000 | 598,078 |
1.79%, 02/13/32 (a)(b) | 550,000 | 433,999 |
7.25%, 04/01/32 | 150,000 | 177,329 |
1.93%, 04/28/32 (a)(b) | 550,000 | 436,579 |
2.24%, 07/21/32 (a)(b) | 975,000 | 792,548 |
2.51%, 10/20/32 (a)(b) | 600,000 | 497,220 |
2.94%, 01/21/33 (a)(b) | 650,000 | 557,661 |
2.48%, 09/16/36 (a)(b) | 725,000 | 557,626 |
5.30%, 04/20/37 (a)(b) | 550,000 | 534,143 |
Natwest Group PLC | ||
4.89%, 05/18/29 (a)(b) | 425,000 | 412,343 |
5.08%, 01/27/30 (a)(b) | 400,000 | 392,180 |
4.45%, 05/08/30 (a)(b) | 300,000 | 283,641 |
3.03%, 11/28/35 (a)(b) | 200,000 | 161,252 |
Northern Trust Corp. | ||
3.65%, 08/03/28 (a) | 75,000 | 73,451 |
3.15%, 05/03/29 (a) | 150,000 | 140,915 |
1.95%, 05/01/30 (a) | 175,000 | 148,808 |
PNC Bank NA | ||
3.25%, 01/22/28 (a) | 300,000 | 286,080 |
4.05%, 07/26/28 | 500,000 | 484,225 |
2.70%, 10/22/29 | 250,000 | 217,935 |
PNC Financial Services Group, Inc. | ||
3.45%, 04/23/29 (a) | 350,000 | 327,316 |
2.55%, 01/22/30 (a) | 390,000 | 339,604 |
2.31%, 04/23/32 (a)(b) | 175,000 | 146,584 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Royal Bank of Canada | ||
2.30%, 11/03/31 | 350,000 | 292,142 |
3.88%, 05/04/32 | 225,000 | 214,520 |
Santander Holdings USA, Inc. | ||
4.40%, 07/13/27 (a) | 210,000 | 202,440 |
Santander UK Group Holdings PLC | ||
3.82%, 11/03/28 (a)(b) | 200,000 | 186,038 |
2.90%, 03/15/32 (a)(b) | 200,000 | 166,692 |
State Street Corp. | ||
4.14%, 12/03/29 (a)(b) | 100,000 | 98,042 |
2.40%, 01/24/30 | 350,000 | 305,785 |
2.20%, 03/03/31 | 200,000 | 163,582 |
3.15%, 03/30/31 (a)(b) | 150,000 | 136,022 |
3.03%, 11/01/34 (a)(b) | 100,000 | 87,987 |
Sumitomo Mitsui Financial Group, Inc. | ||
3.36%, 07/12/27 | 200,000 | 190,526 |
3.35%, 10/18/27 | 450,000 | 426,262 |
3.54%, 01/17/28 | 175,000 | 166,303 |
1.90%, 09/17/28 | 400,000 | 339,840 |
4.31%, 10/16/28 | 100,000 | 97,997 |
2.47%, 01/14/29 | 200,000 | 174,624 |
3.04%, 07/16/29 | 450,000 | 401,400 |
3.20%, 09/17/29 | 250,000 | 222,428 |
2.72%, 09/27/29 | 200,000 | 175,072 |
2.75%, 01/15/30 | 300,000 | 261,747 |
2.13%, 07/08/30 | 300,000 | 247,512 |
2.14%, 09/23/30 | 150,000 | 120,345 |
1.71%, 01/12/31 | 200,000 | 157,316 |
2.22%, 09/17/31 | 300,000 | 243,249 |
SVB Financial Group | ||
2.10%, 05/15/28 (a) | 100,000 | 85,262 |
3.13%, 06/05/30 (a) | 325,000 | 280,911 |
1.80%, 02/02/31 (a) | 100,000 | 77,175 |
Synchrony Financial | ||
3.95%, 12/01/27 (a) | 200,000 | 182,238 |
5.15%, 03/19/29 (a) | 260,000 | 243,591 |
2.88%, 10/28/31 (a) | 150,000 | 113,975 |
The PNC Financial Services Group, Inc. | ||
4.63%, 06/06/33 (a)(b) | 250,000 | 242,090 |
Toronto-Dominion Bank | ||
2.00%, 09/10/31 | 225,000 | 183,292 |
2.45%, 01/12/32 | 150,000 | 125,795 |
3.20%, 03/10/32 | 350,000 | 312,536 |
4.46%, 06/08/32 | 500,000 | 494,810 |
Truist Bank | ||
2.25%, 03/11/30 (a) | 600,000 | 503,328 |
Truist Financial Corp. | ||
1.13%, 08/03/27 (a) | 150,000 | 128,808 |
3.88%, 03/19/29 (a) | 150,000 | 142,254 |
1.95%, 06/05/30 (a) | 75,000 | 62,420 |
US Bancorp | ||
3.90%, 04/26/28 (a) | 250,000 | 247,345 |
3.00%, 07/30/29 (a) | 300,000 | 273,315 |
1.38%, 07/22/30 (a) | 350,000 | 279,335 |
2.68%, 01/27/33 (a)(b) | 150,000 | 129,590 |
2.49%, 11/03/36 (a)(b) | 200,000 | 163,588 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 150,000 | 142,548 |
Wells Fargo & Co. | ||
4.30%, 07/22/27 | 575,000 | 568,617 |
4.15%, 01/24/29 (a) | 552,000 | 534,491 |
7.95%, 11/15/29 | 25,000 | 29,017 |
2.88%, 10/30/30 (a)(b) | 950,000 | 836,769 |
2.57%, 02/11/31 (a)(b) | 850,000 | 731,357 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.48%, 04/04/31 (a)(b) | 425,000 | 416,117 |
3.35%, 03/02/33 (a)(b) | 1,000,000 | 889,430 |
Westpac Banking Corp. | ||
4.04%, 08/26/27 | 250,000 | 248,930 |
3.40%, 01/25/28 | 250,000 | 240,155 |
1.95%, 11/20/28 | 325,000 | 283,546 |
2.65%, 01/16/30 | 220,000 | 195,870 |
2.15%, 06/03/31 | 225,000 | 189,108 |
4.11%, 07/24/34 (a)(b) | 350,000 | 320,817 |
2.67%, 11/15/35 (a)(b) | 300,000 | 241,122 |
3.02%, 11/18/36 (a)(b) | 200,000 | 161,622 |
Wintrust Financial Corp. | ||
4.85%, 06/06/29 | 75,000 | 73,410 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 150,000 | 131,226 |
89,063,880 | ||
Brokerage/Asset Managers/Exchanges 1.9% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 50,000 | 45,148 |
Ameriprise Financial, Inc. | ||
4.50%, 05/13/32 (a) | 175,000 | 172,231 |
BlackRock, Inc. | ||
3.25%, 04/30/29 (a) | 275,000 | 259,952 |
2.40%, 04/30/30 (a) | 325,000 | 284,983 |
1.90%, 01/28/31 (a) | 350,000 | 290,458 |
2.10%, 02/25/32 (a) | 100,000 | 82,722 |
Brookfield Finance I UK PLC | ||
2.34%, 01/30/32 (a) | 150,000 | 120,887 |
Brookfield Finance, Inc. | ||
3.90%, 01/25/28 (a) | 215,000 | 205,811 |
4.85%, 03/29/29 (a) | 175,000 | 173,385 |
4.35%, 04/15/30 (a) | 135,000 | 129,094 |
2.72%, 04/15/31 (a) | 225,000 | 191,286 |
Cboe Global Markets, Inc. | ||
1.63%, 12/15/30 (a) | 100,000 | 80,544 |
3.00%, 03/16/32 (a) | 125,000 | 111,984 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 200,000 | 155,924 |
CME Group, Inc. | ||
3.75%, 06/15/28 (a) | 150,000 | 148,131 |
2.65%, 03/15/32 (a) | 200,000 | 176,966 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 175,000 | 168,877 |
4.50%, 06/20/28 (a) | 150,000 | 150,005 |
Franklin Resources, Inc. | ||
1.60%, 10/30/30 (a) | 250,000 | 196,487 |
Intercontinental Exchange, Inc. | ||
3.10%, 09/15/27 (a) | 100,000 | 94,519 |
4.00%, 09/15/27 (a) | 450,000 | 443,020 |
3.75%, 09/21/28 (a) | 116,000 | 111,594 |
4.35%, 06/15/29 (a) | 300,000 | 296,271 |
2.10%, 06/15/30 (a) | 325,000 | 272,460 |
Jefferies Group LLC | ||
6.45%, 06/08/27 | 50,000 | 53,457 |
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. | ||
4.15%, 01/23/30 | 330,000 | 296,248 |
2.63%, 10/15/31 (a) | 250,000 | 192,855 |
Lazard Group LLC | ||
4.50%, 09/19/28 (a) | 150,000 | 144,177 |
4.38%, 03/11/29 (a) | 85,000 | 81,203 |
Nasdaq, Inc. | ||
1.65%, 01/15/31 (a) | 125,000 | 98,370 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Nomura Holdings, Inc. | ||
2.17%, 07/14/28 | 300,000 | 253,230 |
3.10%, 01/16/30 | 400,000 | 340,632 |
2.68%, 07/16/30 | 250,000 | 205,327 |
2.61%, 07/14/31 | 200,000 | 159,590 |
3.00%, 01/22/32 | 200,000 | 162,508 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 100,000 | 98,684 |
Stifel Financial Corp. | ||
4.00%, 05/15/30 (a) | 175,000 | 162,405 |
The Charles Schwab Corp. | ||
3.20%, 01/25/28 (a)(c) | 100,000 | 95,733 |
2.00%, 03/20/28 (a)(c) | 200,000 | 178,798 |
4.00%, 02/01/29 (a)(c) | 100,000 | 98,521 |
3.25%, 05/22/29 (a)(c) | 105,000 | 97,832 |
2.75%, 10/01/29 (a)(c) | 75,000 | 67,631 |
4.63%, 03/22/30 (a)(c) | 75,000 | 76,027 |
1.65%, 03/11/31 (a)(c) | 125,000 | 100,545 |
2.30%, 05/13/31 (a)(c) | 125,000 | 105,879 |
1.95%, 12/01/31 (a)(c) | 160,000 | 129,862 |
2.90%, 03/03/32 (a)(c) | 195,000 | 171,803 |
7,734,056 | ||
Finance Companies 1.1% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.65%, 07/21/27 (a) | 250,000 | 226,605 |
4.63%, 10/15/27 (a) | 150,000 | 141,481 |
3.88%, 01/23/28 (a) | 300,000 | 271,149 |
3.00%, 10/29/28 (a) | 650,000 | 547,202 |
3.30%, 01/30/32 (a) | 950,000 | 757,729 |
Air Lease Corp. | ||
3.63%, 12/01/27 (a) | 100,000 | 89,247 |
2.10%, 09/01/28 (a) | 100,000 | 81,298 |
4.63%, 10/01/28 (a) | 150,000 | 138,847 |
3.25%, 10/01/29 (a) | 135,000 | 112,940 |
3.00%, 02/01/30 (a) | 150,000 | 122,117 |
3.13%, 12/01/30 (a) | 200,000 | 163,382 |
2.88%, 01/15/32 (a) | 150,000 | 117,078 |
Ares Capital Corp. | ||
2.88%, 06/15/27 (a) | 100,000 | 83,703 |
2.88%, 06/15/28 (a) | 225,000 | 179,566 |
3.20%, 11/15/31 (a) | 150,000 | 109,472 |
Blackstone Private Credit Fund | ||
4.00%, 01/15/29 (a)(d) | 150,000 | 123,166 |
Blackstone Secured Lending Fund | ||
2.85%, 09/30/28 (a) | 175,000 | 141,298 |
FS KKR Capital Corp. | ||
3.13%, 10/12/28 (a) | 275,000 | 219,552 |
GATX Corp. | ||
3.50%, 03/15/28 (a) | 75,000 | 70,335 |
4.55%, 11/07/28 (a) | 100,000 | 98,144 |
4.70%, 04/01/29 (a) | 125,000 | 122,181 |
4.00%, 06/30/30 (a) | 100,000 | 92,685 |
1.90%, 06/01/31 (a) | 100,000 | 78,129 |
3.50%, 06/01/32 (a) | 50,000 | 43,807 |
Owl Rock Capital Corp. | ||
2.88%, 06/11/28 (a) | 175,000 | 138,131 |
Prospect Capital Corp. | ||
3.44%, 10/15/28 (a) | 75,000 | 57,560 |
4,326,804 | ||
Financial Other 0.1% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 50,000 | 43,858 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ORIX Corp. | ||
3.70%, 07/18/27 | 135,000 | 131,462 |
2.25%, 03/09/31 | 75,000 | 63,080 |
4.00%, 04/13/32 | 125,000 | 119,744 |
358,144 | ||
Insurance 4.2% | ||
Aegon N.V. | ||
5.50%, 04/11/48 (a)(b) | 200,000 | 192,620 |
Aflac, Inc. | ||
3.60%, 04/01/30 (a) | 200,000 | 189,464 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 200,000 | 187,644 |
Allstate Corp. | ||
1.45%, 12/15/30 (a) | 75,000 | 59,660 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 98,579 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 75,000 | 75,278 |
American International Group, Inc. | ||
3.40%, 06/30/30 (a) | 125,000 | 114,754 |
5.75%, 04/01/48 (a)(b) | 125,000 | 112,758 |
Anthem, Inc. | ||
3.65%, 12/01/27 (a) | 331,000 | 322,391 |
4.10%, 03/01/28 (a) | 200,000 | 198,022 |
2.88%, 09/15/29 (a) | 160,000 | 144,320 |
2.25%, 05/15/30 (a) | 450,000 | 384,988 |
2.55%, 03/15/31 (a) | 250,000 | 216,207 |
4.10%, 05/15/32 (a) | 200,000 | 194,838 |
Aon Corp. | ||
4.50%, 12/15/28 (a) | 75,000 | 73,971 |
3.75%, 05/02/29 (a) | 100,000 | 94,571 |
2.80%, 05/15/30 (a) | 175,000 | 153,263 |
2.05%, 08/23/31 (a) | 150,000 | 121,415 |
2.60%, 12/02/31 (a) | 100,000 | 84,637 |
Arthur J Gallagher & Co. | ||
2.40%, 11/09/31 (a) | 125,000 | 102,605 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 60,000 | 59,644 |
3.70%, 02/22/30 (a) | 100,000 | 89,096 |
2.65%, 01/15/32 (a) | 75,000 | 58,814 |
Assured Guaranty US Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 125,000 | 108,664 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 150,000 | 140,251 |
6.15%, 04/03/30 (a) | 225,000 | 224,860 |
3.50%, 01/15/31 (a) | 125,000 | 105,911 |
AXA S.A. | ||
8.60%, 12/15/30 | 325,000 | 386,230 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 75,000 | 70,437 |
4.90%, 01/15/40 (a)(b) | 75,000 | 64,393 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 125,000 | 121,346 |
Berkshire Hathaway Finance Corp. | ||
1.85%, 03/12/30 (a) | 125,000 | 107,040 |
1.45%, 10/15/30 (a) | 175,000 | 142,271 |
2.88%, 03/15/32 (a) | 300,000 | 269,433 |
Brighthouse Financial, Inc. | ||
5.63%, 05/15/30 (a) | 100,000 | 97,241 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Brown & Brown, Inc. | ||
4.50%, 03/15/29 (a) | 110,000 | 108,198 |
2.38%, 03/15/31 (a) | 100,000 | 79,381 |
4.20%, 03/17/32 (a) | 175,000 | 159,780 |
Chubb INA Holdings, Inc. | ||
1.38%, 09/15/30 (a) | 275,000 | 220,036 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 125,000 | 141,832 |
CNA Financial Corp. | ||
3.45%, 08/15/27 (a) | 100,000 | 94,968 |
3.90%, 05/01/29 (a) | 100,000 | 94,129 |
2.05%, 08/15/30 (a) | 100,000 | 80,707 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 125,000 | 121,371 |
Corebridge Financial, Inc. | ||
3.85%, 04/05/29 (a)(d) | 250,000 | 231,117 |
3.90%, 04/05/32 (a)(d) | 400,000 | 359,228 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 100,000 | 96,088 |
3.10%, 09/01/31 (a) | 125,000 | 99,441 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 450,000 | 435,226 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 75,000 | 74,626 |
4.63%, 04/29/30 (a) | 175,000 | 168,273 |
3.38%, 03/03/31 (a) | 150,000 | 129,796 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 200,000 | 193,212 |
3.40%, 06/15/30 (a) | 175,000 | 153,823 |
2.45%, 03/15/31 (a) | 125,000 | 98,974 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 200,000 | 179,846 |
2.40%, 08/15/31 (a) | 150,000 | 115,353 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 50,000 | 49,376 |
2.15%, 08/15/30 (a) | 200,000 | 163,840 |
Hanover Insurance Group, Inc. | ||
2.50%, 09/01/30 (a) | 50,000 | 41,876 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 100,000 | 89,261 |
Humana, Inc. | ||
3.70%, 03/23/29 (a) | 200,000 | 189,532 |
3.13%, 08/15/29 (a) | 125,000 | 113,136 |
4.88%, 04/01/30 (a) | 50,000 | 50,565 |
2.15%, 02/03/32 (a) | 250,000 | 202,705 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a)(d) | 125,000 | 100,366 |
Kemper Corp. | ||
2.40%, 09/30/30 (a) | 100,000 | 81,661 |
3.80%, 02/23/32 (a) | 100,000 | 88,801 |
Lincoln National Corp. | ||
3.80%, 03/01/28 (a) | 100,000 | 95,929 |
3.05%, 01/15/30 (a) | 125,000 | 109,718 |
3.40%, 01/15/31 (a) | 100,000 | 89,322 |
3.40%, 03/01/32 (a) | 125,000 | 109,175 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 100,000 | 91,124 |
Manulife Financial Corp. | ||
3.70%, 03/16/32 (a) | 175,000 | 161,562 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 100,000 | 96,066 |
3.35%, 09/17/29 (a) | 25,000 | 22,939 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Marsh & McLennan Cos., Inc. | ||
4.38%, 03/15/29 (a) | 350,000 | 346,496 |
2.25%, 11/15/30 (a) | 185,000 | 156,562 |
2.38%, 12/15/31 (a) | 100,000 | 84,433 |
MetLife, Inc. | ||
4.55%, 03/23/30 (a) | 225,000 | 227,203 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 95,000 | 90,595 |
4.50%, 10/01/50 (a)(b) | 100,000 | 83,969 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 125,000 | 105,416 |
Principal Financial Group, Inc. | ||
3.70%, 05/15/29 (a) | 215,000 | 202,315 |
2.13%, 06/15/30 (a) | 100,000 | 82,689 |
Prudential Financial, Inc. | ||
3.88%, 03/27/28 (a) | 49,000 | 48,152 |
2.10%, 03/10/30 (a) | 150,000 | 127,880 |
4.50%, 09/15/47 (a)(b) | 175,000 | 158,387 |
5.70%, 09/15/48 (a)(b) | 200,000 | 195,454 |
3.70%, 10/01/50 (a)(b) | 150,000 | 124,574 |
5.13%, 03/01/52 (a)(b) | 250,000 | 231,132 |
Prudential PLC | ||
3.13%, 04/14/30 | 250,000 | 230,195 |
3.63%, 03/24/32 (a) | 150,000 | 139,099 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 175,000 | 164,260 |
3.15%, 06/15/30 (a) | 125,000 | 110,733 |
RenaissanceRe Finance, Inc. | ||
3.45%, 07/01/27 (a) | 75,000 | 71,683 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 50,000 | 47,017 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 150,000 | 124,656 |
The Progressive Corp. | ||
4.00%, 03/01/29 (a) | 100,000 | 99,251 |
3.20%, 03/26/30 (a) | 125,000 | 116,348 |
3.00%, 03/15/32 (a) | 150,000 | 135,441 |
UnitedHealth Group, Inc. | ||
2.95%, 10/15/27 | 225,000 | 215,818 |
3.85%, 06/15/28 | 275,000 | 273,867 |
3.88%, 12/15/28 | 150,000 | 149,302 |
4.00%, 05/15/29 (a) | 225,000 | 223,432 |
2.88%, 08/15/29 | 275,000 | 254,411 |
2.00%, 05/15/30 | 300,000 | 257,292 |
2.30%, 05/15/31 (a) | 350,000 | 303,404 |
4.20%, 05/15/32 (a) | 350,000 | 350,287 |
Unum Group | ||
4.00%, 06/15/29 (a) | 100,000 | 94,605 |
Voya Financial, Inc. | ||
4.70%, 01/23/48 (a)(b) | 25,000 | 20,462 |
Willis North America, Inc. | ||
4.65%, 06/15/27 (a) | 150,000 | 147,714 |
4.50%, 09/15/28 (a) | 125,000 | 120,470 |
2.95%, 09/15/29 (a) | 200,000 | 171,538 |
16,636,517 | ||
REITs 5.5% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 150,000 | 128,142 |
Alexandria Real Estate Equities, Inc. | ||
3.95%, 01/15/28 (a) | 50,000 | 48,496 |
4.50%, 07/30/29 (a) | 175,000 | 170,833 |
2.75%, 12/15/29 (a) | 100,000 | 87,674 |
4.70%, 07/01/30 (a) | 100,000 | 98,773 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.90%, 12/15/30 (a) | 150,000 | 149,016 |
3.38%, 08/15/31 (a) | 125,000 | 110,591 |
2.00%, 05/18/32 (a) | 50,000 | 39,514 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 100,000 | 85,452 |
American Campus Communities Operating Partnership LP | ||
3.63%, 11/15/27 (a) | 50,000 | 49,320 |
2.25%, 01/15/29 (a) | 50,000 | 46,313 |
2.85%, 02/01/30 (a) | 100,000 | 94,984 |
3.88%, 01/30/31 (a) | 75,000 | 74,023 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 95,586 |
4.90%, 02/15/29 (a) | 30,000 | 29,349 |
2.38%, 07/15/31 (a) | 150,000 | 120,042 |
3.63%, 04/15/32 (a) | 225,000 | 197,066 |
AvalonBay Communities, Inc. | ||
3.20%, 01/15/28 (a) | 100,000 | 94,424 |
1.90%, 12/01/28 (a) | 175,000 | 152,406 |
3.30%, 06/01/29 (a) | 150,000 | 139,402 |
2.30%, 03/01/30 (a) | 50,000 | 43,067 |
2.45%, 01/15/31 (a) | 150,000 | 129,594 |
2.05%, 01/15/32 (a) | 175,000 | 145,397 |
Boston Properties LP | ||
4.50%, 12/01/28 (a) | 300,000 | 291,990 |
3.40%, 06/21/29 (a) | 100,000 | 89,695 |
2.90%, 03/15/30 (a) | 285,000 | 242,008 |
3.25%, 01/30/31 (a) | 200,000 | 171,864 |
2.55%, 04/01/32 (a) | 200,000 | 159,048 |
Brandywine Operating Partnership LP | ||
3.95%, 11/15/27 (a) | 150,000 | 141,139 |
Brixmor Operating Partnership LP | ||
2.25%, 04/01/28 (a) | 50,000 | 42,990 |
4.13%, 05/15/29 (a) | 75,000 | 69,902 |
4.05%, 07/01/30 (a) | 275,000 | 247,981 |
2.50%, 08/16/31 (a) | 150,000 | 118,133 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 125,000 | 102,103 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 25,000 | 24,591 |
3.15%, 07/01/29 (a) | 175,000 | 160,181 |
2.80%, 05/15/30 (a) | 300,000 | 265,392 |
Corporate Office Properties LP | ||
2.75%, 04/15/31 (a) | 325,000 | 263,965 |
CubeSmart LP | ||
2.25%, 12/15/28 (a) | 125,000 | 106,876 |
4.38%, 02/15/29 (a) | 75,000 | 72,645 |
3.00%, 02/15/30 (a) | 75,000 | 66,075 |
2.00%, 02/15/31 (a) | 125,000 | 99,838 |
2.50%, 02/15/32 (a) | 125,000 | 101,616 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 200,000 | 190,778 |
4.45%, 07/15/28 (a) | 250,000 | 242,655 |
3.60%, 07/01/29 (a) | 175,000 | 158,931 |
Duke Realty LP | ||
3.38%, 12/15/27 (a) | 150,000 | 142,087 |
4.00%, 09/15/28 (a) | 50,000 | 48,625 |
2.88%, 11/15/29 (a) | 75,000 | 67,628 |
1.75%, 07/01/30 (a) | 160,000 | 131,099 |
1.75%, 02/01/31 (a) | 200,000 | 163,170 |
EPR Properties | ||
4.95%, 04/15/28 (a) | 150,000 | 137,403 |
3.75%, 08/15/29 (a) | 125,000 | 104,140 |
3.60%, 11/15/31 (a) | 75,000 | 59,525 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ERP Operating LP | ||
3.25%, 08/01/27 (a) | 50,000 | 47,432 |
3.50%, 03/01/28 (a) | 250,000 | 238,337 |
4.15%, 12/01/28 (a) | 100,000 | 98,150 |
3.00%, 07/01/29 (a) | 70,000 | 63,526 |
2.50%, 02/15/30 (a) | 125,000 | 109,484 |
1.85%, 08/01/31 (a) | 100,000 | 82,203 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 100,000 | 78,489 |
Essex Portfolio LP | ||
1.70%, 03/01/28 (a) | 100,000 | 85,996 |
4.00%, 03/01/29 (a) | 150,000 | 143,542 |
3.00%, 01/15/30 (a) | 50,000 | 44,394 |
1.65%, 01/15/31 (a) | 75,000 | 58,772 |
2.65%, 03/15/32 (a) | 275,000 | 228,506 |
Extra Space Storage LP | ||
2.55%, 06/01/31 (a) | 125,000 | 103,100 |
2.35%, 03/15/32 (a) | 175,000 | 139,473 |
Federal Realty Investment Trust | ||
3.25%, 07/15/27 (a) | 100,000 | 94,042 |
3.20%, 06/15/29 (a) | 150,000 | 135,412 |
3.50%, 06/01/30 (a) | 125,000 | 113,533 |
Healthcare Realty Trust, Inc. | ||
2.40%, 03/15/30 (a) | 175,000 | 146,032 |
2.05%, 03/15/31 (a) | 50,000 | 39,414 |
Healthcare Trust of America Holdings LP | ||
3.75%, 07/01/27 (a) | 125,000 | 118,779 |
3.10%, 02/15/30 (a) | 125,000 | 107,751 |
2.00%, 03/15/31 (a) | 100,000 | 77,663 |
Healthpeak Properties, Inc. | ||
2.13%, 12/01/28 (a) | 100,000 | 86,516 |
3.50%, 07/15/29 (a) | 175,000 | 161,789 |
3.00%, 01/15/30 (a) | 190,000 | 167,901 |
2.88%, 01/15/31 (a) | 125,000 | 107,868 |
Highwoods Realty LP | ||
4.13%, 03/15/28 (a) | 75,000 | 71,853 |
4.20%, 04/15/29 (a) | 75,000 | 70,297 |
3.05%, 02/15/30 (a) | 50,000 | 43,495 |
2.60%, 02/01/31 (a) | 125,000 | 103,340 |
Host Hotels & Resorts LP | ||
3.38%, 12/15/29 (a) | 100,000 | 84,671 |
3.50%, 09/15/30 (a) | 200,000 | 170,914 |
2.90%, 12/15/31 (a) | 100,000 | 79,539 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 45,000 | 42,965 |
4.65%, 04/01/29 (a) | 150,000 | 144,903 |
3.25%, 01/15/30 (a) | 125,000 | 109,021 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 150,000 | 126,496 |
2.00%, 08/15/31 (a) | 150,000 | 115,634 |
Kilroy Realty LP | ||
4.25%, 08/15/29 (a) | 70,000 | 66,167 |
3.05%, 02/15/30 (a) | 300,000 | 257,100 |
Kimco Realty Corp. | ||
1.90%, 03/01/28 (a) | 50,000 | 43,341 |
2.70%, 10/01/30 (a) | 100,000 | 86,236 |
2.25%, 12/01/31 (a) | 100,000 | 81,060 |
3.20%, 04/01/32 (a) | 150,000 | 131,317 |
Lexington Realty Trust | ||
2.70%, 09/15/30 (a) | 175,000 | 144,389 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 95,000 | 90,822 |
4.00%, 06/15/29 (a) | 55,000 | 50,543 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.20%, 10/15/30 (a) | 150,000 | 120,522 |
2.40%, 10/15/31 (a) | 150,000 | 119,607 |
LXP Industrial Trust | ||
2.38%, 10/01/31 (a) | 75,000 | 58,315 |
Mid-America Apartments LP | ||
4.20%, 06/15/28 (a) | 75,000 | 73,436 |
3.95%, 03/15/29 (a) | 115,000 | 110,146 |
2.75%, 03/15/30 (a) | 100,000 | 87,368 |
1.70%, 02/15/31 (a) | 150,000 | 119,058 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 125,000 | 96,889 |
National Retail Properties, Inc. | ||
3.50%, 10/15/27 (a) | 100,000 | 93,741 |
4.30%, 10/15/28 (a) | 50,000 | 48,626 |
2.50%, 04/15/30 (a) | 100,000 | 85,212 |
Office Properties Income Trust | ||
3.45%, 10/15/31 (a) | 125,000 | 93,254 |
Omega Healthcare Investors, Inc. | ||
4.75%, 01/15/28 (a) | 125,000 | 118,817 |
3.63%, 10/01/29 (a) | 150,000 | 126,907 |
3.38%, 02/01/31 (a) | 150,000 | 121,882 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 150,000 | 116,606 |
Physicians Realty LP | ||
3.95%, 01/15/28 (a) | 150,000 | 143,247 |
2.63%, 11/01/31 (a) | 75,000 | 60,668 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 50,000 | 41,571 |
2.75%, 04/01/32 (a) | 100,000 | 77,328 |
Prologis LP | ||
3.88%, 09/15/28 (a) | 125,000 | 121,757 |
4.38%, 02/01/29 (a) | 25,000 | 25,001 |
2.25%, 04/15/30 (a) | 225,000 | 194,848 |
1.25%, 10/15/30 (a) | 125,000 | 99,621 |
1.63%, 03/15/31 (a) | 175,000 | 141,657 |
Public Storage | ||
3.09%, 09/15/27 (a) | 100,000 | 95,003 |
1.85%, 05/01/28 (a) | 250,000 | 217,410 |
1.95%, 11/09/28 (a) | 150,000 | 129,868 |
3.39%, 05/01/29 (a) | 100,000 | 93,093 |
2.30%, 05/01/31 (a) | 175,000 | 147,408 |
2.25%, 11/09/31 (a) | 100,000 | 82,980 |
Realty Income Corp. | ||
3.95%, 08/15/27 (a) | 125,000 | 122,395 |
3.40%, 01/15/28 (a) | 150,000 | 142,000 |
3.65%, 01/15/28 (a) | 275,000 | 264,500 |
2.20%, 06/15/28 (a) | 100,000 | 88,110 |
3.25%, 06/15/29 (a) | 50,000 | 46,602 |
3.10%, 12/15/29 (a) | 170,000 | 154,882 |
3.25%, 01/15/31 (a) | 150,000 | 136,914 |
Regency Centers LP | ||
4.13%, 03/15/28 (a) | 75,000 | 72,332 |
2.95%, 09/15/29 (a) | 50,000 | 44,056 |
3.70%, 06/15/30 (a) | 100,000 | 90,850 |
Retail Properties of America, Inc. | ||
4.75%, 09/15/30 (a) | 125,000 | 116,649 |
Rexford Industrial Realty LP | ||
2.13%, 12/01/30 (a) | 75,000 | 60,130 |
2.15%, 09/01/31 (a) | 100,000 | 78,619 |
Sabra Health Care LP | ||
3.90%, 10/15/29 (a) | 90,000 | 79,578 |
3.20%, 12/01/31 (a) | 200,000 | 159,002 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Safehold Operating Partnership LP | ||
2.80%, 06/15/31 (a) | 175,000 | 142,142 |
2.85%, 01/15/32 (a) | 50,000 | 40,234 |
Simon Property Group LP | ||
3.38%, 12/01/27 (a) | 150,000 | 141,054 |
1.75%, 02/01/28 (a) | 200,000 | 170,886 |
2.45%, 09/13/29 (a) | 225,000 | 191,128 |
2.65%, 07/15/30 (a) | 225,000 | 191,104 |
2.20%, 02/01/31 (a) | 150,000 | 121,902 |
2.25%, 01/15/32 (a) | 225,000 | 179,532 |
2.65%, 02/01/32 (a) | 125,000 | 103,446 |
Spirit Realty LP | ||
2.10%, 03/15/28 (a) | 50,000 | 41,954 |
4.00%, 07/15/29 (a) | 125,000 | 114,249 |
3.40%, 01/15/30 (a) | 125,000 | 108,128 |
3.20%, 02/15/31 (a) | 100,000 | 83,724 |
2.70%, 02/15/32 (a) | 100,000 | 78,450 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 70,000 | 68,529 |
4.63%, 03/15/29 (a) | 75,000 | 73,457 |
2.75%, 11/18/30 (a) | 250,000 | 205,880 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 75,000 | 64,253 |
2.70%, 07/15/31 (a) | 150,000 | 120,955 |
4.20%, 04/15/32 (a) | 200,000 | 181,236 |
Tanger Properties LP | ||
3.88%, 07/15/27 (a) | 100,000 | 94,721 |
2.75%, 09/01/31 (a) | 100,000 | 78,445 |
UDR, Inc. | ||
3.50%, 07/01/27 (a) | 75,000 | 71,606 |
3.50%, 01/15/28 (a) | 50,000 | 47,196 |
4.40%, 01/26/29 (a) | 100,000 | 97,830 |
3.20%, 01/15/30 (a) | 175,000 | 157,484 |
3.00%, 08/15/31 (a) | 125,000 | 107,031 |
Ventas Realty LP | ||
4.00%, 03/01/28 (a) | 296,000 | 283,544 |
4.40%, 01/15/29 (a) | 150,000 | 144,331 |
3.00%, 01/15/30 (a) | 145,000 | 127,365 |
4.75%, 11/15/30 (a) | 50,000 | 48,877 |
2.50%, 09/01/31 (a) | 100,000 | 82,507 |
Vornado Realty LP | ||
3.40%, 06/01/31 (a) | 150,000 | 126,795 |
Welltower, Inc. | ||
4.25%, 04/15/28 (a) | 200,000 | 194,746 |
2.05%, 01/15/29 (a) | 75,000 | 63,251 |
4.13%, 03/15/29 (a) | 100,000 | 94,819 |
3.10%, 01/15/30 (a) | 150,000 | 132,438 |
2.75%, 01/15/31 (a) | 100,000 | 84,521 |
2.80%, 06/01/31 (a) | 250,000 | 211,182 |
2.75%, 01/15/32 (a) | 150,000 | 125,569 |
3.85%, 06/15/32 (a) | 200,000 | 182,594 |
WP Carey, Inc. | ||
3.85%, 07/15/29 (a) | 80,000 | 74,752 |
2.40%, 02/01/31 (a) | 100,000 | 81,865 |
2.45%, 02/01/32 (a) | 75,000 | 60,670 |
21,720,591 | ||
139,839,992 | ||
Industrial 56.2% | ||
Basic Industry 2.8% | ||
Air Products and Chemicals, Inc. | ||
2.05%, 05/15/30 (a) | 50,000 | 43,344 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Albemarle Corp. | ||
5.05%, 06/01/32 (a) | 150,000 | 146,566 |
AngloGold Ashanti Holdings PLC | ||
3.38%, 11/01/28 (a) | 200,000 | 170,730 |
3.75%, 10/01/30 (a) | 200,000 | 166,500 |
ArcelorMittal S.A. | ||
4.25%, 07/16/29 (e) | 100,000 | 95,054 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 50,000 | 46,493 |
5.00%, 06/30/32 (a) | 175,000 | 170,112 |
Celulosa Arauco y Constitucion S.A. | ||
3.88%, 11/02/27 (a) | 200,000 | 184,706 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 90,000 | 90,492 |
7.38%, 11/01/29 | 200,000 | 231,142 |
2.10%, 11/15/30 (a) | 250,000 | 206,415 |
DuPont de Nemours, Inc. | ||
4.73%, 11/15/28 (a) | 570,000 | 572,628 |
Eastman Chemical Co. | ||
4.50%, 12/01/28 (a) | 138,000 | 135,628 |
Ecolab, Inc. | ||
3.25%, 12/01/27 (a) | 25,000 | 24,376 |
4.80%, 03/24/30 (a) | 125,000 | 129,695 |
1.30%, 01/30/31 (a) | 150,000 | 120,476 |
2.13%, 02/01/32 (a) | 300,000 | 253,425 |
EI du Pont de Nemours and Co. | ||
2.30%, 07/15/30 (a) | 200,000 | 173,526 |
FMC Corp. | ||
3.45%, 10/01/29 (a) | 150,000 | 136,501 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 200,000 | 198,616 |
4.13%, 03/01/28 (a) | 175,000 | 162,538 |
4.38%, 08/01/28 (a) | 200,000 | 188,042 |
5.25%, 09/01/29 (a) | 150,000 | 143,434 |
4.25%, 03/01/30 (a) | 200,000 | 183,534 |
4.63%, 08/01/30 (a) | 225,000 | 208,813 |
Georgia-Pacific LLC | ||
8.88%, 05/15/31 | 100,000 | 130,568 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 125,000 | 117,836 |
2.95%, 06/15/31 (a) | 175,000 | 145,428 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 125,000 | 122,290 |
Kinross Gold Corp. | ||
4.50%, 07/15/27 (a) | 100,000 | 97,491 |
Linde, Inc. | ||
1.10%, 08/10/30 (a) | 125,000 | 100,288 |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 150,000 | 123,858 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 150,000 | 146,811 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 125,000 | 103,339 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 125,000 | 110,833 |
2.25%, 10/01/30 (a) | 225,000 | 187,306 |
Nucor Corp. | ||
3.95%, 05/01/28 (a) | 100,000 | 97,165 |
2.70%, 06/01/30 (a) | 100,000 | 86,811 |
3.13%, 04/01/32 (a) | 100,000 | 87,314 |
Nutrien Ltd. | ||
4.20%, 04/01/29 (a) | 100,000 | 97,260 |
2.95%, 05/13/30 (a) | 100,000 | 89,241 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Packaging Corp. of America | ||
3.40%, 12/15/27 (a) | 30,000 | 28,889 |
3.00%, 12/15/29 (a) | 210,000 | 188,582 |
PPG Industries, Inc. | ||
3.75%, 03/15/28 (a) | 175,000 | 171,542 |
2.80%, 08/15/29 (a) | 125,000 | 113,556 |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 100,000 | 83,845 |
Reliance Steel & Aluminum Co. | ||
2.15%, 08/15/30 (a) | 100,000 | 81,032 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 325,000 | 374,530 |
Rohm and Haas Co. | ||
7.85%, 07/15/29 | 150,000 | 178,614 |
RPM International, Inc. | ||
4.55%, 03/01/29 (a) | 100,000 | 96,964 |
2.95%, 01/15/32 (a) | 75,000 | 62,286 |
Sherwin-Williams Co. | ||
2.95%, 08/15/29 (a) | 135,000 | 120,947 |
2.30%, 05/15/30 (a) | 100,000 | 84,428 |
2.20%, 03/15/32 (a) | 200,000 | 161,508 |
Steel Dynamics, Inc. | ||
1.65%, 10/15/27 (a) | 50,000 | 42,941 |
3.45%, 04/15/30 (a) | 175,000 | 155,977 |
3.25%, 01/15/31 (a) | 100,000 | 87,024 |
Suzano Austria GmbH | ||
2.50%, 09/15/28 (a) | 100,000 | 81,247 |
6.00%, 01/15/29 (a) | 500,000 | 493,915 |
5.00%, 01/15/30 (a) | 300,000 | 273,450 |
3.75%, 01/15/31 (a) | 200,000 | 161,732 |
3.13%, 01/15/32 (a) | 225,000 | 169,823 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 125,000 | 115,040 |
Vale Overseas Ltd. | ||
3.75%, 07/08/30 (a) | 375,000 | 328,346 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 75,000 | 89,162 |
7.95%, 02/15/31 | 50,000 | 59,102 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 75,000 | 83,184 |
4.00%, 11/15/29 (a) | 200,000 | 189,784 |
4.00%, 04/15/30 (a) | 125,000 | 117,725 |
7.38%, 03/15/32 | 150,000 | 173,736 |
WRKCo, Inc. | ||
3.38%, 09/15/27 (a) | 125,000 | 118,746 |
4.00%, 03/15/28 (a) | 75,000 | 73,733 |
3.90%, 06/01/28 (a) | 350,000 | 338,530 |
4.90%, 03/15/29 (a) | 125,000 | 125,894 |
4.20%, 06/01/32 (a) | 100,000 | 94,829 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(d) | 100,000 | 80,634 |
11,227,902 | ||
Capital Goods 6.1% | ||
3M Co. | ||
2.88%, 10/15/27 (a) | 150,000 | 144,256 |
3.63%, 09/14/28 (a) | 50,000 | 49,281 |
3.38%, 03/01/29 (a) | 150,000 | 144,420 |
2.38%, 08/26/29 (a) | 500,000 | 448,010 |
3.05%, 04/15/30 (a) | 100,000 | 93,004 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 75,000 | 59,687 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 250,000 | 222,205 |
Amcor Finance USA, Inc. | ||
4.50%, 05/15/28 (a) | 140,000 | 137,942 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 300,000 | 246,366 |
Amphenol Corp. | ||
4.35%, 06/01/29 (a) | 100,000 | 98,331 |
2.80%, 02/15/30 (a) | 250,000 | 217,865 |
2.20%, 09/15/31 (a) | 150,000 | 122,770 |
AptarGroup, Inc. | ||
3.60%, 03/15/32 (a) | 125,000 | 111,092 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 145,000 | 145,405 |
2.65%, 04/30/30 (a) | 75,000 | 62,727 |
2.25%, 02/15/32 (a) | 150,000 | 118,311 |
Boeing Co. | ||
3.25%, 02/01/28 (a) | 150,000 | 134,697 |
3.25%, 03/01/28 (a) | 140,000 | 126,010 |
3.45%, 11/01/28 (a) | 375,000 | 335,291 |
3.20%, 03/01/29 (a) | 270,000 | 234,430 |
2.95%, 02/01/30 (a) | 195,000 | 162,109 |
5.15%, 05/01/30 (a) | 925,000 | 888,028 |
3.63%, 02/01/31 (a) | 225,000 | 194,814 |
Carlisle Cos., Inc. | ||
3.75%, 12/01/27 (a) | 250,000 | 238,215 |
2.75%, 03/01/30 (a) | 75,000 | 63,070 |
2.20%, 03/01/32 (a) | 225,000 | 176,506 |
Carrier Global Corp. | ||
2.72%, 02/15/30 (a) | 400,000 | 346,544 |
2.70%, 02/15/31 (a)(d) | 150,000 | 127,182 |
Caterpillar Financial Services Corp. | ||
1.10%, 09/14/27 | 150,000 | 131,790 |
Caterpillar, Inc. | ||
2.60%, 09/19/29 (a) | 105,000 | 96,074 |
2.60%, 04/09/30 (a) | 150,000 | 136,255 |
1.90%, 03/12/31 (a)(e) | 250,000 | 213,495 |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 90,000 | 84,891 |
Deere & Co. | ||
5.38%, 10/16/29 | 50,000 | 54,357 |
3.10%, 04/15/30 (a) | 350,000 | 327,393 |
7.13%, 03/03/31 | 50,000 | 60,450 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 125,000 | 113,937 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 150,000 | 118,524 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 125,000 | 119,537 |
Emerson Electric Co. | ||
1.80%, 10/15/27 (a) | 125,000 | 112,166 |
2.00%, 12/21/28 (a) | 50,000 | 44,225 |
1.95%, 10/15/30 (a) | 200,000 | 168,744 |
2.20%, 12/21/31 (a) | 200,000 | 169,380 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 225,000 | 191,664 |
2.80%, 01/15/32 (a) | 125,000 | 97,425 |
Fortune Brands Home & Security, Inc. | ||
3.25%, 09/15/29 (a) | 175,000 | 151,476 |
4.00%, 03/25/32 (a) | 100,000 | 88,671 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 300,000 | 289,401 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
General Dynamics Corp. | ||
3.75%, 05/15/28 (a) | 100,000 | 98,552 |
3.63%, 04/01/30 (a) | 375,000 | 363,589 |
2.25%, 06/01/31 (a) | 100,000 | 87,322 |
General Electric Co. | ||
6.75%, 03/15/32 | 550,000 | 615,565 |
Honeywell International, Inc. | ||
2.70%, 08/15/29 (a) | 75,000 | 69,010 |
1.95%, 06/01/30 (a) | 225,000 | 193,572 |
1.75%, 09/01/31 (a) | 300,000 | 248,562 |
Hubbell, Inc. | ||
3.15%, 08/15/27 (a) | 50,000 | 47,209 |
3.50%, 02/15/28 (a) | 125,000 | 120,130 |
2.30%, 03/15/31 (a) | 75,000 | 63,220 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 50,000 | 46,917 |
2.04%, 08/16/28 (a) | 250,000 | 214,000 |
4.20%, 05/01/30 (a) | 375,000 | 353,685 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 125,000 | 109,130 |
2.63%, 06/15/31 (a) | 125,000 | 103,734 |
John Deere Capital Corp. | ||
2.80%, 09/08/27 | 135,000 | 128,872 |
3.05%, 01/06/28 | 100,000 | 96,012 |
1.50%, 03/06/28 | 150,000 | 132,435 |
3.45%, 03/07/29 | 20,000 | 19,356 |
3.35%, 04/18/29 | 200,000 | 192,358 |
2.80%, 07/18/29 | 65,000 | 59,913 |
2.45%, 01/09/30 | 190,000 | 170,647 |
1.45%, 01/15/31 | 275,000 | 224,144 |
2.00%, 06/17/31 | 200,000 | 170,216 |
Johnson Controls International plc | ||
1.75%, 09/15/30 (a) | 125,000 | 101,994 |
2.00%, 09/16/31 (a) | 150,000 | 119,520 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 100,000 | 97,677 |
2.80%, 03/01/31 (a) | 75,000 | 60,764 |
L3Harris Technologies, Inc. | ||
4.40%, 06/15/28 (a) | 475,000 | 467,190 |
2.90%, 12/15/29 (a) | 100,000 | 89,522 |
1.80%, 01/15/31 (a) | 125,000 | 99,781 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 150,000 | 142,237 |
4.40%, 03/15/29 (a) | 125,000 | 121,594 |
Lennox International, Inc. | ||
1.70%, 08/01/27 (a) | 50,000 | 43,795 |
Lockheed Martin Corp. | ||
1.85%, 06/15/30 (a) | 50,000 | 42,709 |
3.90%, 06/15/32 (a) | 200,000 | 197,414 |
Martin Marietta Materials, Inc. | ||
3.50%, 12/15/27 (a) | 222,000 | 210,092 |
2.50%, 03/15/30 (a) | 125,000 | 105,529 |
2.40%, 07/15/31 (a) | 175,000 | 143,089 |
Masco Corp. | ||
3.50%, 11/15/27 (a) | 150,000 | 142,509 |
2.00%, 10/01/30 (a) | 175,000 | 138,684 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 140,000 | 125,408 |
Northrop Grumman Corp. | ||
3.25%, 01/15/28 (a) | 415,000 | 394,433 |
4.40%, 05/01/30 (a) | 150,000 | 150,001 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 165,000 | 159,832 |
2.75%, 11/15/31 (a) | 100,000 | 81,277 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Oshkosh Corp. | ||
4.60%, 05/15/28 (a) | 25,000 | 24,720 |
3.10%, 03/01/30 (a) | 125,000 | 107,358 |
Otis Worldwide Corp. | ||
2.57%, 02/15/30 (a) | 420,000 | 363,481 |
Owens Corning | ||
3.88%, 06/01/30 (a) | 150,000 | 137,460 |
Parker-Hannifin Corp. | ||
4.25%, 09/15/27 (a) | 350,000 | 348,271 |
3.25%, 06/14/29 (a) | 225,000 | 205,967 |
4.50%, 09/15/29 (a) | 275,000 | 273,798 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 150,000 | 143,871 |
Raytheon Technologies Corp. | ||
7.20%, 08/15/27 | 100,000 | 114,197 |
4.13%, 11/16/28 (a) | 775,000 | 766,041 |
7.50%, 09/15/29 | 100,000 | 118,957 |
2.25%, 07/01/30 (a) | 225,000 | 194,200 |
1.90%, 09/01/31 (a) | 275,000 | 225,657 |
2.38%, 03/15/32 (a) | 250,000 | 211,965 |
Republic Services, Inc. | ||
3.38%, 11/15/27 (a) | 15,000 | 14,339 |
3.95%, 05/15/28 (a) | 275,000 | 270,677 |
2.30%, 03/01/30 (a) | 50,000 | 42,948 |
1.45%, 02/15/31 (a) | 125,000 | 98,343 |
1.75%, 02/15/32 (a) | 225,000 | 177,505 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 50,000 | 48,175 |
1.75%, 08/15/31 (a) | 100,000 | 81,963 |
Roper Technologies, Inc. | ||
1.40%, 09/15/27 (a) | 100,000 | 85,744 |
4.20%, 09/15/28 (a) | 150,000 | 147,177 |
2.95%, 09/15/29 (a) | 275,000 | 242,795 |
2.00%, 06/30/30 (a) | 100,000 | 80,931 |
1.75%, 02/15/31 (a) | 200,000 | 156,074 |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 160,000 | 140,251 |
2.85%, 02/01/32 (a) | 100,000 | 83,673 |
Stanley Black & Decker, Inc. | ||
4.25%, 11/15/28 (a) | 150,000 | 150,201 |
2.30%, 03/15/30 (a) | 175,000 | 150,524 |
3.00%, 05/15/32 (a) | 100,000 | 88,345 |
Teledyne Technologies, Inc. | ||
2.25%, 04/01/28 (a) | 100,000 | 86,872 |
2.75%, 04/01/31 (a) | 200,000 | 167,346 |
Textron, Inc. | ||
3.38%, 03/01/28 (a) | 150,000 | 142,345 |
3.90%, 09/17/29 (a) | 75,000 | 70,864 |
3.00%, 06/01/30 (a) | 100,000 | 87,469 |
2.45%, 03/15/31 (a) | 100,000 | 82,273 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 100,000 | 98,398 |
Trane Technologies Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 125,000 | 118,364 |
Trane Technologies Luxembourg Finance S.A. | ||
3.80%, 03/21/29 (a) | 165,000 | 155,013 |
United Rentals North America, Inc. | ||
3.88%, 11/15/27 (a) | 150,000 | 139,602 |
Vontier Corp. | ||
2.40%, 04/01/28 (a) | 200,000 | 167,084 |
2.95%, 04/01/31 (a) | 150,000 | 117,334 |
Vulcan Materials Co. | ||
3.50%, 06/01/30 (a) | 125,000 | 112,871 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 75,000 | 74,099 |
3.50%, 05/01/29 (a) | 200,000 | 188,402 |
2.60%, 02/01/30 (a) | 50,000 | 43,779 |
2.20%, 01/15/32 (a) | 175,000 | 143,852 |
3.20%, 06/01/32 (a) | 50,000 | 44,605 |
Waste Management, Inc. | ||
3.15%, 11/15/27 (a) | 305,000 | 292,928 |
1.15%, 03/15/28 (a) | 150,000 | 127,836 |
2.00%, 06/01/29 (a) | 575,000 | 500,037 |
1.50%, 03/15/31 (a) | 150,000 | 119,626 |
Westinghouse Air Brake Technologies Corp. | ||
4.95%, 09/15/28 (a)(f) | 325,000 | 312,861 |
Xylem, Inc. | ||
1.95%, 01/30/28 (a) | 100,000 | 88,541 |
2.25%, 01/30/31 (a) | 100,000 | 83,394 |
24,243,027 | ||
Communications 8.2% | ||
Activision Blizzard, Inc. | ||
1.35%, 09/15/30 (a) | 225,000 | 180,801 |
America Movil S.A.B. de C.V. | ||
3.63%, 04/22/29 (a) | 200,000 | 190,584 |
2.88%, 05/07/30 (a) | 250,000 | 224,040 |
American Tower Corp. | ||
3.55%, 07/15/27 (a) | 200,000 | 187,870 |
3.60%, 01/15/28 (a) | 100,000 | 93,059 |
1.50%, 01/31/28 (a) | 175,000 | 145,714 |
3.95%, 03/15/29 (a) | 225,000 | 209,779 |
3.80%, 08/15/29 (a) | 375,000 | 344,576 |
2.90%, 01/15/30 (a) | 135,000 | 115,363 |
2.10%, 06/15/30 (a) | 200,000 | 160,032 |
1.88%, 10/15/30 (a) | 150,000 | 117,071 |
2.70%, 04/15/31 (a) | 125,000 | 103,040 |
2.30%, 09/15/31 (a) | 200,000 | 158,626 |
4.05%, 03/15/32 (a) | 225,000 | 205,070 |
AT&T, Inc. | ||
1.65%, 02/01/28 (a) | 550,000 | 475,513 |
4.10%, 02/15/28 (a) | 425,000 | 417,630 |
4.35%, 03/01/29 (a) | 625,000 | 616,069 |
4.30%, 02/15/30 (a) | 825,000 | 805,885 |
2.75%, 06/01/31 (a) | 600,000 | 519,066 |
2.25%, 02/01/32 (a) | 675,000 | 551,671 |
Bell Canada | ||
2.15%, 02/15/32 (a) | 150,000 | 122,996 |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 200,000 | 200,068 |
9.63%, 12/15/30 (f) | 675,000 | 841,117 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
3.75%, 02/15/28 (a) | 295,000 | 271,958 |
4.20%, 03/15/28 (a) | 350,000 | 327,295 |
2.25%, 01/15/29 (a) | 200,000 | 164,824 |
5.05%, 03/30/29 (a) | 375,000 | 362,066 |
2.80%, 04/01/31 (a) | 275,000 | 220,514 |
2.30%, 02/01/32 (a) | 250,000 | 189,988 |
Comcast Corp. | ||
3.15%, 02/15/28 (a) | 375,000 | 357,559 |
3.55%, 05/01/28 (a) | 150,000 | 145,628 |
4.15%, 10/15/28 (a) | 642,000 | 640,787 |
2.65%, 02/01/30 (a) | 525,000 | 469,465 |
3.40%, 04/01/30 (a) | 500,000 | 469,100 |
4.25%, 10/15/30 (a) | 425,000 | 419,377 |
1.95%, 01/15/31 (a) | 250,000 | 208,055 |
1.50%, 02/15/31 (a) | 325,000 | 261,423 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Crown Castle International Corp. | ||
3.65%, 09/01/27 (a) | 300,000 | 283,914 |
3.80%, 02/15/28 (a) | 75,000 | 70,828 |
4.30%, 02/15/29 (a) | 125,000 | 120,149 |
3.10%, 11/15/29 (a) | 250,000 | 220,688 |
3.30%, 07/01/30 (a) | 200,000 | 176,796 |
2.25%, 01/15/31 (a) | 225,000 | 182,716 |
2.10%, 04/01/31 (a) | 175,000 | 139,099 |
2.50%, 07/15/31 (a) | 190,000 | 156,163 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 900,000 | 1,113,651 |
Discovery Communications LLC | ||
3.95%, 03/20/28 (a) | 300,000 | 280,980 |
4.13%, 05/15/29 (a) | 425,000 | 391,918 |
3.63%, 05/15/30 (a) | 175,000 | 155,904 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 200,000 | 162,728 |
Fox Corp. | ||
4.71%, 01/25/29 (a) | 450,000 | 441,967 |
3.50%, 04/08/30 (a) | 100,000 | 90,894 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 200,000 | 198,062 |
4.75%, 03/30/30 (a) | 100,000 | 98,422 |
2.40%, 03/01/31 (a) | 100,000 | 81,246 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 150,000 | 179,912 |
Magallanes, Inc. | ||
4.05%, 03/15/29 (a)(d) | 150,000 | 137,700 |
4.28%, 03/15/32 (a)(d) | 1,325,000 | 1,184,523 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 225,000 | 190,089 |
4.20%, 06/01/30 (a) | 125,000 | 119,598 |
2.60%, 08/01/31 (a) | 150,000 | 125,958 |
Orange S.A. | ||
9.00%, 03/01/31 | 625,000 | 807,450 |
Rogers Communications, Inc. | ||
3.80%, 03/15/32 (a)(d) | 400,000 | 366,892 |
Take-Two Interactive Software, Inc. | ||
4.00%, 04/14/32 (a) | 125,000 | 117,550 |
TCI Communications, Inc. | ||
7.13%, 02/15/28 | 300,000 | 339,591 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 300,000 | 359,442 |
TELUS Corp. | ||
3.70%, 09/15/27 (a) | 75,000 | 73,924 |
3.40%, 05/13/32 (a) | 200,000 | 179,924 |
T-Mobile USA, Inc. | ||
2.05%, 02/15/28 (a) | 350,000 | 304,587 |
2.40%, 03/15/29 (a) | 150,000 | 129,770 |
3.88%, 04/15/30 (a)(g) | 1,675,000 | 1,564,383 |
2.55%, 02/15/31 (a) | 500,000 | 421,015 |
2.25%, 11/15/31 (a) | 275,000 | 223,525 |
2.70%, 03/15/32 (a) | 250,000 | 210,049 |
TWDC Enterprises 18 Corp. | ||
7.00%, 03/01/32 | 150,000 | 178,464 |
Verizon Communications, Inc. | ||
2.10%, 03/22/28 (a) | 600,000 | 533,142 |
4.33%, 09/21/28 | 935,000 | 930,867 |
3.88%, 02/08/29 (a) | 125,000 | 121,029 |
4.02%, 12/03/29 (a) | 1,000,000 | 970,780 |
3.15%, 03/22/30 (a) | 275,000 | 250,195 |
1.50%, 09/18/30 (a) | 225,000 | 180,142 |
1.68%, 10/30/30 (a) | 350,000 | 281,970 |
7.75%, 12/01/30 | 225,000 | 271,606 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 01/20/31 (a) | 625,000 | 502,587 |
2.55%, 03/21/31 (a) | 1,025,000 | 877,502 |
2.36%, 03/15/32 (a) | 1,150,000 | 954,580 |
ViacomCBS, Inc. | ||
3.38%, 02/15/28 (a) | 150,000 | 137,907 |
3.70%, 06/01/28 (a) | 250,000 | 233,360 |
4.20%, 06/01/29 (a) | 100,000 | 94,294 |
7.88%, 07/30/30 | 275,000 | 315,538 |
4.95%, 01/15/31 (a) | 275,000 | 262,130 |
Vodafone Group PLC | ||
4.38%, 05/30/28 | 800,000 | 795,864 |
7.88%, 02/15/30 | 125,000 | 147,478 |
Walt Disney Co. | ||
2.20%, 01/13/28 | 300,000 | 272,130 |
2.00%, 09/01/29 (a) | 350,000 | 301,105 |
3.80%, 03/22/30 | 425,000 | 410,762 |
2.65%, 01/13/31 | 500,000 | 440,420 |
Weibo Corp. | ||
3.38%, 07/08/30 (a) | 200,000 | 164,846 |
32,524,384 | ||
Consumer Cyclical 7.5% | ||
Advance Auto Parts, Inc. | ||
1.75%, 10/01/27 (a) | 50,000 | 42,456 |
3.90%, 04/15/30 (a) | 100,000 | 91,233 |
3.50%, 03/15/32 (a) | 150,000 | 128,751 |
Alibaba Group Holding Ltd. | ||
3.40%, 12/06/27 (a) | 500,000 | 478,075 |
2.13%, 02/09/31 (a) | 425,000 | 352,367 |
Amazon.com, Inc. | ||
3.15%, 08/22/27 (a) | 600,000 | 584,676 |
1.65%, 05/12/28 (a) | 575,000 | 510,623 |
3.45%, 04/13/29 (a) | 350,000 | 341,176 |
1.50%, 06/03/30 (a) | 550,000 | 458,221 |
2.10%, 05/12/31 (a) | 750,000 | 643,125 |
3.60%, 04/13/32 (a) | 600,000 | 578,634 |
American Honda Finance Corp. | ||
3.50%, 02/15/28 | 191,000 | 184,787 |
2.25%, 01/12/29 | 150,000 | 132,746 |
1.80%, 01/13/31 | 125,000 | 102,876 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 50,000 | 47,477 |
3.25%, 03/01/32 (a) | 100,000 | 85,064 |
AutoNation, Inc. | ||
3.80%, 11/15/27 (a) | 75,000 | 70,773 |
1.95%, 08/01/28 (a) | 100,000 | 83,562 |
4.75%, 06/01/30 (a) | 75,000 | 70,574 |
2.40%, 08/01/31 (a) | 300,000 | 231,084 |
3.85%, 03/01/32 (a) | 75,000 | 64,723 |
AutoZone, Inc. | ||
3.75%, 04/18/29 (a) | 225,000 | 212,706 |
4.00%, 04/15/30 (a) | 50,000 | 47,532 |
1.65%, 01/15/31 (a) | 150,000 | 117,717 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 50,000 | 49,322 |
1.95%, 10/01/30 (a) | 250,000 | 198,772 |
Block Financial LLC | ||
2.50%, 07/15/28 (a) | 200,000 | 174,098 |
3.88%, 08/15/30 (a) | 100,000 | 90,897 |
Booking Holdings, Inc. | ||
3.55%, 03/15/28 (a) | 75,000 | 72,353 |
4.63%, 04/13/30 (a) | 325,000 | 323,693 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 200,000 | 182,076 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CBRE Services, Inc. | ||
2.50%, 04/01/31 (a) | 150,000 | 121,746 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 130,000 | 115,255 |
3.70%, 01/15/31 (a) | 100,000 | 88,066 |
Costco Wholesale Corp. | ||
1.60%, 04/20/30 (a) | 425,000 | 358,640 |
1.75%, 04/20/32 (a) | 250,000 | 206,157 |
Cummins, Inc. | ||
1.50%, 09/01/30 (a) | 225,000 | 182,529 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 400,000 | 507,040 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 225,000 | 178,400 |
Dollar General Corp. | ||
4.13%, 05/01/28 (a) | 50,000 | 48,839 |
3.50%, 04/03/30 (a) | 300,000 | 276,576 |
Dollar Tree, Inc. | ||
4.20%, 05/15/28 (a) | 275,000 | 267,410 |
2.65%, 12/01/31 (a) | 150,000 | 123,825 |
DR Horton, Inc. | ||
1.40%, 10/15/27 (a) | 100,000 | 83,725 |
eBay, Inc. | ||
2.70%, 03/11/30 (a) | 425,000 | 362,937 |
2.60%, 05/10/31 (a) | 100,000 | 83,182 |
Expedia Group, Inc. | ||
4.63%, 08/01/27 (a) | 225,000 | 216,583 |
3.80%, 02/15/28 (a) | 375,000 | 342,150 |
3.25%, 02/15/30 (a) | 275,000 | 228,654 |
2.95%, 03/15/31 (a) | 150,000 | 119,805 |
General Motors Co. | ||
4.20%, 10/01/27 (a) | 125,000 | 118,755 |
6.80%, 10/01/27 (a) | 150,000 | 157,875 |
5.00%, 10/01/28 (a) | 430,000 | 417,461 |
General Motors Financial Co., Inc. | ||
2.70%, 08/20/27 (a) | 100,000 | 87,923 |
2.40%, 04/10/28 (a) | 375,000 | 317,527 |
2.40%, 10/15/28 (a) | 250,000 | 207,665 |
5.65%, 01/17/29 (a) | 100,000 | 99,779 |
3.60%, 06/21/30 (a) | 500,000 | 433,580 |
2.35%, 01/08/31 (a) | 225,000 | 174,870 |
2.70%, 06/10/31 (a) | 275,000 | 217,954 |
3.10%, 01/12/32 (a) | 325,000 | 261,345 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 75,000 | 59,310 |
2.75%, 02/01/32 (a) | 100,000 | 83,028 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.75%, 06/01/28 (a) | 130,000 | 127,147 |
5.30%, 01/15/29 (a) | 200,000 | 190,604 |
4.00%, 01/15/30 (a) | 175,000 | 154,289 |
4.00%, 01/15/31 (a) | 150,000 | 130,313 |
3.25%, 01/15/32 (a) | 200,000 | 160,696 |
Home Depot, Inc. | ||
2.80%, 09/14/27 (a) | 380,000 | 362,661 |
0.90%, 03/15/28 (a) | 100,000 | 85,270 |
1.50%, 09/15/28 (a) | 200,000 | 174,546 |
3.90%, 12/06/28 (a) | 350,000 | 350,416 |
2.95%, 06/15/29 (a) | 319,000 | 298,523 |
2.70%, 04/15/30 (a) | 200,000 | 181,652 |
1.38%, 03/15/31 (a) | 350,000 | 282,618 |
1.88%, 09/15/31 (a) | 225,000 | 187,596 |
3.25%, 04/15/32 (a) | 275,000 | 256,844 |
Honda Motor Co., Ltd. | ||
2.97%, 03/10/32 (a) | 250,000 | 224,800 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hyatt Hotels Corp. | ||
4.38%, 09/15/28 (a) | 110,000 | 104,067 |
6.00%, 04/23/30 (a) | 150,000 | 151,593 |
JD.com, Inc. | ||
3.38%, 01/14/30 (a) | 200,000 | 183,264 |
Kohl's Corp. | ||
3.38%, 05/01/31 (a) | 150,000 | 130,544 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 160,000 | 151,334 |
4.25%, 05/15/29 (a) | 25,000 | 23,183 |
3.50%, 05/30/30 (a) | 300,000 | 261,636 |
Lennar Corp. | ||
5.00%, 06/15/27 (a) | 75,000 | 74,420 |
4.75%, 11/29/27 (a) | 150,000 | 146,148 |
Lowe's Cos., Inc. | ||
1.30%, 04/15/28 (a) | 150,000 | 127,013 |
1.70%, 09/15/28 (a) | 150,000 | 127,964 |
6.50%, 03/15/29 | 97,000 | 107,996 |
3.65%, 04/05/29 (a) | 400,000 | 378,388 |
4.50%, 04/15/30 (a) | 175,000 | 173,245 |
1.70%, 10/15/30 (a) | 375,000 | 301,541 |
2.63%, 04/01/31 (a) | 500,000 | 428,920 |
3.75%, 04/01/32 (a) | 350,000 | 325,097 |
Magna International, Inc. | ||
2.45%, 06/15/30 (a) | 200,000 | 170,858 |
Marriott International, Inc. | ||
4.00%, 04/15/28 (a) | 125,000 | 119,289 |
4.65%, 12/01/28 (a) | 225,000 | 221,092 |
4.63%, 06/15/30 (a) | 225,000 | 215,118 |
2.85%, 04/15/31 (a) | 50,000 | 41,505 |
McDonald's Corp. | ||
3.50%, 07/01/27 (a) | 200,000 | 195,984 |
3.80%, 04/01/28 (a) | 250,000 | 245,765 |
2.63%, 09/01/29 (a) | 500,000 | 448,685 |
2.13%, 03/01/30 (a) | 100,000 | 85,813 |
3.60%, 07/01/30 (a) | 100,000 | 95,258 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 150,000 | 125,012 |
2.50%, 01/15/31 (a) | 100,000 | 74,319 |
NIKE, Inc. | ||
2.85%, 03/27/30 (a) | 350,000 | 321,531 |
NVR, Inc. | ||
3.00%, 05/15/30 (a)(h) | 200,000 | 172,108 |
O'Reilly Automotive, Inc. | ||
3.60%, 09/01/27 (a) | 225,000 | 217,640 |
4.35%, 06/01/28 (a) | 200,000 | 199,096 |
3.90%, 06/01/29 (a) | 150,000 | 142,227 |
4.20%, 04/01/30 (a) | 125,000 | 120,693 |
4.70%, 06/15/32 (a) | 200,000 | 199,480 |
Ralph Lauren Corp. | ||
2.95%, 06/15/30 (a) | 125,000 | 110,303 |
Ross Stores, Inc. | ||
1.88%, 04/15/31 (a) | 175,000 | 138,693 |
Starbucks Corp. | ||
3.50%, 03/01/28 (a) | 75,000 | 72,041 |
4.00%, 11/15/28 (a) | 136,000 | 133,007 |
3.55%, 08/15/29 (a) | 375,000 | 352,136 |
2.25%, 03/12/30 (a) | 175,000 | 148,321 |
2.55%, 11/15/30 (a) | 255,000 | 217,783 |
3.00%, 02/14/32 (a) | 250,000 | 217,537 |
Tapestry, Inc. | ||
4.13%, 07/15/27 (a) | 120,000 | 115,571 |
3.05%, 03/15/32 (a) | 150,000 | 122,318 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Target Corp. | ||
3.38%, 04/15/29 (a) | 200,000 | 192,488 |
2.35%, 02/15/30 (a) | 150,000 | 132,695 |
2.65%, 09/15/30 (a) | 150,000 | 134,864 |
TJX Cos., Inc. | ||
1.15%, 05/15/28 (a) | 150,000 | 127,722 |
3.88%, 04/15/30 (a) | 100,000 | 97,803 |
1.60%, 05/15/31 (a) | 50,000 | 40,369 |
Toll Brothers Finance Corp. | ||
4.35%, 02/15/28 (a) | 150,000 | 136,165 |
3.80%, 11/01/29 (a) | 75,000 | 64,121 |
Toyota Motor Corp. | ||
3.67%, 07/20/28 | 150,000 | 147,324 |
2.76%, 07/02/29 | 100,000 | 91,518 |
Toyota Motor Credit Corp. | ||
1.15%, 08/13/27 | 200,000 | 174,244 |
3.05%, 01/11/28 | 150,000 | 142,339 |
3.65%, 01/08/29 | 125,000 | 121,558 |
2.15%, 02/13/30 | 300,000 | 260,286 |
3.38%, 04/01/30 | 250,000 | 235,665 |
1.90%, 09/12/31 | 200,000 | 164,938 |
2.40%, 01/13/32 | 150,000 | 128,897 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 125,000 | 98,391 |
VF Corp. | ||
2.95%, 04/23/30 (a) | 150,000 | 131,447 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 200,000 | 191,188 |
4.95%, 02/15/30 (a) | 200,000 | 189,422 |
5.13%, 05/15/32 (a) | 400,000 | 377,832 |
Walgreens Boots Alliance, Inc. | ||
3.20%, 04/15/30 (a) | 100,000 | 88,356 |
Walmart, Inc. | ||
3.70%, 06/26/28 (a) | 350,000 | 348,915 |
1.50%, 09/22/28 (a) | 300,000 | 263,322 |
3.25%, 07/08/29 (a) | 175,000 | 168,873 |
2.38%, 09/24/29 (a) | 325,000 | 295,981 |
1.80%, 09/22/31 (a) | 375,000 | 318,952 |
29,569,946 | ||
Consumer Non-Cyclical 13.6% | ||
Abbott Laboratories | ||
1.15%, 01/30/28 (a) | 125,000 | 109,026 |
1.40%, 06/30/30 (a) | 200,000 | 167,168 |
AbbVie, Inc. | ||
4.25%, 11/14/28 (a) | 500,000 | 494,845 |
3.20%, 11/21/29 (a) | 1,175,000 | 1,081,117 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 75,000 | 68,867 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 130,000 | 128,297 |
2.21%, 06/15/30 (a) | 75,000 | 64,821 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 100,000 | 87,721 |
2.10%, 06/04/30 (a) | 50,000 | 40,783 |
2.30%, 03/12/31 (a) | 150,000 | 122,292 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 125,000 | 139,580 |
Altria Group, Inc. | ||
4.80%, 02/14/29 (a) | 500,000 | 474,425 |
3.40%, 05/06/30 (a) | 125,000 | 106,679 |
2.45%, 02/04/32 (a) | 450,000 | 339,349 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AmerisourceBergen Corp. | ||
3.45%, 12/15/27 (a) | 125,000 | 120,500 |
2.80%, 05/15/30 (a) | 150,000 | 131,225 |
2.70%, 03/15/31 (a) | 200,000 | 171,468 |
Amgen, Inc. | ||
3.20%, 11/02/27 (a) | 300,000 | 287,226 |
1.65%, 08/15/28 (a) | 200,000 | 171,826 |
3.00%, 02/22/29 (a) | 250,000 | 230,920 |
2.45%, 02/21/30 (a) | 200,000 | 174,762 |
2.30%, 02/25/31 (a) | 350,000 | 297,703 |
2.00%, 01/15/32 (a) | 350,000 | 285,414 |
3.35%, 02/22/32 (a) | 200,000 | 183,274 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 600,000 | 592,722 |
4.75%, 01/23/29 (a) | 945,000 | 964,269 |
3.50%, 06/01/30 (a) | 500,000 | 469,500 |
4.90%, 01/23/31 (a) | 150,000 | 154,203 |
Archer-Daniels-Midland Co. | ||
3.25%, 03/27/30 (a) | 200,000 | 188,586 |
2.90%, 03/01/32 (a) | 150,000 | 135,882 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 250,000 | 226,032 |
Astrazeneca Finance LLC | ||
1.75%, 05/28/28 (a) | 150,000 | 132,429 |
2.25%, 05/28/31 (a) | 150,000 | 130,685 |
AstraZeneca PLC | ||
3.13%, 06/12/27 (a) | 180,000 | 173,590 |
4.00%, 01/17/29 (a) | 400,000 | 398,828 |
1.38%, 08/06/30 (a) | 250,000 | 205,165 |
Banner Health | ||
2.34%, 01/01/30 (a) | 75,000 | 66,400 |
1.90%, 01/01/31 (a) | 100,000 | 83,202 |
BAT Capital Corp. | ||
3.56%, 08/15/27 (a) | 600,000 | 549,828 |
2.26%, 03/25/28 (a) | 475,000 | 398,059 |
3.46%, 09/06/29 (a) | 325,000 | 279,107 |
4.91%, 04/02/30 (a) | 275,000 | 255,709 |
2.73%, 03/25/31 (a) | 225,000 | 177,908 |
4.74%, 03/16/32 (a) | 250,000 | 222,602 |
BAT International Finance PLC | ||
4.45%, 03/16/28 (a) | 250,000 | 236,890 |
Baxter International, Inc. | ||
2.27%, 12/01/28 (a) | 150,000 | 131,478 |
3.95%, 04/01/30 (a) | 125,000 | 120,079 |
1.73%, 04/01/31 (a) | 100,000 | 78,872 |
2.54%, 02/01/32 (a) | 300,000 | 253,248 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 50,000 | 41,124 |
Becton Dickinson & Co. | ||
2.82%, 05/20/30 (a) | 200,000 | 175,934 |
1.96%, 02/11/31 (a) | 100,000 | 80,964 |
Biogen, Inc. | ||
2.25%, 05/01/30 (a) | 400,000 | 328,344 |
Bio-Rad Laboratories, Inc. | ||
3.70%, 03/15/32 (a) | 100,000 | 88,943 |
Bon Secours Mercy Health, Inc. | ||
3.46%, 06/01/30 (a) | 125,000 | 116,719 |
2.10%, 06/01/31 (a) | 100,000 | 82,990 |
Boston Scientific Corp. | ||
2.65%, 06/01/30 (a) | 225,000 | 196,578 |
Bristol-Myers Squibb Co. | ||
1.13%, 11/13/27 (a) | 235,000 | 206,878 |
3.90%, 02/20/28 (a) | 250,000 | 250,760 |
3.40%, 07/26/29 (a) | 625,000 | 604,219 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.45%, 11/13/30 (a) | 400,000 | 329,172 |
2.95%, 03/15/32 (a) | 425,000 | 390,503 |
Brunswick Corp. | ||
2.40%, 08/18/31 (a) | 200,000 | 148,192 |
Bunge Ltd. Finance Corp. | ||
3.75%, 09/25/27 (a) | 100,000 | 96,286 |
2.75%, 05/14/31 (a) | 225,000 | 185,864 |
Campbell Soup Co. | ||
4.15%, 03/15/28 (a) | 175,000 | 171,493 |
2.38%, 04/24/30 (a) | 150,000 | 126,771 |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 100,000 | 85,775 |
CHRISTUS Health | ||
4.34%, 07/01/28 (a) | 50,000 | 50,230 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 25,000 | 23,968 |
2.30%, 12/15/31 (a) | 150,000 | 126,723 |
Cigna Corp. | ||
3.05%, 10/15/27 (a) | 250,000 | 235,505 |
4.38%, 10/15/28 (a) | 875,000 | 868,192 |
2.40%, 03/15/30 (a) | 300,000 | 258,153 |
2.38%, 03/15/31 (a) | 350,000 | 295,991 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 200,000 | 191,302 |
3.90%, 05/15/28 (a) | 50,000 | 49,083 |
1.80%, 05/15/30 (a) | 100,000 | 81,840 |
4.60%, 05/01/32 (a) | 200,000 | 200,890 |
Coca-Cola Co. | ||
1.00%, 03/15/28 | 600,000 | 517,854 |
2.13%, 09/06/29 | 175,000 | 156,300 |
3.45%, 03/25/30 | 250,000 | 242,715 |
1.65%, 06/01/30 | 300,000 | 254,430 |
2.00%, 03/05/31 | 175,000 | 150,729 |
1.38%, 03/15/31 | 325,000 | 264,914 |
2.25%, 01/05/32 | 500,000 | 436,155 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 350,000 | 314,398 |
CommonSpirit Health | ||
3.35%, 10/01/29 (a) | 145,000 | 133,639 |
2.78%, 10/01/30 (a) | 225,000 | 194,069 |
Conagra Brands, Inc. | ||
1.38%, 11/01/27 (a) | 250,000 | 208,820 |
7.00%, 10/01/28 | 150,000 | 161,790 |
4.85%, 11/01/28 (a) | 175,000 | 172,660 |
8.25%, 09/15/30 | 175,000 | 205,329 |
Constellation Brands, Inc. | ||
3.60%, 02/15/28 (a) | 250,000 | 237,297 |
4.65%, 11/15/28 (a) | 125,000 | 123,826 |
3.15%, 08/01/29 (a) | 75,000 | 67,639 |
2.88%, 05/01/30 (a) | 125,000 | 108,873 |
2.25%, 08/01/31 (a) | 200,000 | 162,304 |
4.75%, 05/09/32 (a) | 300,000 | 296,703 |
CVS Health Corp. | ||
6.25%, 06/01/27 | 300,000 | 322,515 |
1.30%, 08/21/27 (a) | 600,000 | 517,218 |
4.30%, 03/25/28 (a) | 932,000 | 923,817 |
3.25%, 08/15/29 (a) | 350,000 | 319,917 |
3.75%, 04/01/30 (a) | 350,000 | 327,687 |
1.75%, 08/21/30 (a) | 275,000 | 220,883 |
1.88%, 02/28/31 (a) | 250,000 | 200,522 |
2.13%, 09/15/31 (a) | 300,000 | 243,186 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 200,000 | 168,982 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
DH Europe Finance II Sarl | ||
2.60%, 11/15/29 (a) | 200,000 | 179,466 |
Diageo Capital PLC | ||
3.88%, 05/18/28 (a) | 400,000 | 397,836 |
2.00%, 04/29/30 (a) | 425,000 | 363,528 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 175,000 | 170,996 |
Eli Lilly & Co. | ||
3.38%, 03/15/29 (a) | 200,000 | 195,022 |
Estee Lauder Cos., Inc. | ||
2.38%, 12/01/29 (a) | 200,000 | 178,238 |
2.60%, 04/15/30 (a) | 150,000 | 134,894 |
1.95%, 03/15/31 (a) | 125,000 | 105,625 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 100,000 | 82,190 |
General Mills, Inc. | ||
4.20%, 04/17/28 (a) | 275,000 | 272,775 |
2.88%, 04/15/30 (a) | 125,000 | 110,689 |
2.25%, 10/14/31 (a) | 200,000 | 164,332 |
Gilead Sciences, Inc. | ||
1.20%, 10/01/27 (a) | 175,000 | 150,775 |
1.65%, 10/01/30 (a) | 250,000 | 204,862 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 250,000 | 241,485 |
GlaxoSmithKline Capital, Inc. | ||
3.88%, 05/15/28 | 425,000 | 423,457 |
GSK Consumer Healthcare Capital US LLC | ||
3.38%, 03/24/29 (a)(d) | 250,000 | 234,177 |
3.63%, 03/24/32 (a)(d) | 400,000 | 369,324 |
Hasbro, Inc. | ||
3.50%, 09/15/27 (a) | 105,000 | 99,203 |
3.90%, 11/19/29 (a) | 255,000 | 234,506 |
HCA, Inc. | ||
5.63%, 09/01/28 (a) | 350,000 | 344,774 |
5.88%, 02/01/29 (a) | 250,000 | 250,477 |
4.13%, 06/15/29 (a) | 300,000 | 274,005 |
3.50%, 09/01/30 (a) | 700,000 | 597,513 |
2.38%, 07/15/31 (a) | 300,000 | 232,752 |
3.63%, 03/15/32 (a)(d) | 625,000 | 528,381 |
Hershey Co. | ||
2.45%, 11/15/29 (a) | 75,000 | 67,328 |
1.70%, 06/01/30 (a) | 75,000 | 63,067 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 100,000 | 88,417 |
1.80%, 06/11/30 (a) | 200,000 | 167,926 |
Illumina, Inc. | ||
2.55%, 03/23/31 (a) | 150,000 | 122,108 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 125,000 | 108,774 |
JM Smucker Co. | ||
3.38%, 12/15/27 (a) | 75,000 | 71,705 |
2.38%, 03/15/30 (a) | 100,000 | 85,098 |
2.13%, 03/15/32 (a) | 100,000 | 80,519 |
Johnson & Johnson | ||
0.95%, 09/01/27 (a) | 325,000 | 286,656 |
2.90%, 01/15/28 (a) | 300,000 | 290,214 |
6.95%, 09/01/29 | 87,000 | 107,750 |
1.30%, 09/01/30 (a) | 425,000 | 358,636 |
Kellogg Co. | ||
3.40%, 11/15/27 (a) | 300,000 | 286,866 |
4.30%, 05/15/28 (a) | 75,000 | 74,924 |
2.10%, 06/01/30 (a) | 100,000 | 83,092 |
7.45%, 04/01/31 | 100,000 | 115,750 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Keurig Dr Pepper, Inc. | ||
3.43%, 06/15/27 (a) | 75,000 | 71,728 |
4.60%, 05/25/28 (a) | 300,000 | 300,483 |
3.20%, 05/01/30 (a) | 350,000 | 313,274 |
2.25%, 03/15/31 (a) | 75,000 | 61,772 |
4.05%, 04/15/32 (a) | 250,000 | 234,277 |
Kimberly-Clark Corp. | ||
1.05%, 09/15/27 (a) | 150,000 | 131,007 |
3.95%, 11/01/28 (a) | 50,000 | 49,901 |
3.20%, 04/25/29 (a) | 135,000 | 128,921 |
3.10%, 03/26/30 (a) | 250,000 | 234,917 |
2.00%, 11/02/31 (a) | 200,000 | 168,224 |
Kraft Heinz Foods Co. | ||
4.63%, 01/30/29 (a) | 150,000 | 148,436 |
3.75%, 04/01/30 (a) | 150,000 | 138,737 |
4.25%, 03/01/31 (a) | 75,000 | 71,402 |
6.75%, 03/15/32 | 100,000 | 112,482 |
Kroger Co. | ||
3.70%, 08/01/27 (a) | 250,000 | 243,550 |
4.50%, 01/15/29 (a) | 125,000 | 124,395 |
2.20%, 05/01/30 (a) | 100,000 | 84,459 |
1.70%, 01/15/31 (a) | 150,000 | 119,595 |
Laboratory Corp. of America Holdings | ||
3.60%, 09/01/27 (a) | 125,000 | 120,661 |
2.95%, 12/01/29 (a) | 200,000 | 176,036 |
2.70%, 06/01/31 (a) | 100,000 | 84,209 |
McCormick & Co., Inc. | ||
3.40%, 08/15/27 (a) | 175,000 | 167,332 |
2.50%, 04/15/30 (a) | 200,000 | 171,024 |
1.85%, 02/15/31 (a) | 100,000 | 79,636 |
McKesson Corp. | ||
3.95%, 02/16/28 (a) | 25,000 | 24,396 |
Merck & Co., Inc. | ||
1.90%, 12/10/28 (a) | 200,000 | 177,878 |
3.40%, 03/07/29 (a) | 350,000 | 339,125 |
1.45%, 06/24/30 (a) | 250,000 | 207,735 |
2.15%, 12/10/31 (a) | 400,000 | 344,588 |
Merck Sharp & Dohme Corp. | ||
5.95%, 12/01/28 | 225,000 | 248,465 |
Mercy Health | ||
4.30%, 07/01/28 (a) | 50,000 | 50,401 |
Mondelez International, Inc. | ||
4.13%, 05/07/28 (a) | 75,000 | 75,434 |
2.75%, 04/13/30 (a) | 175,000 | 153,865 |
1.50%, 02/04/31 (a) | 350,000 | 275,313 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 175,000 | 166,980 |
Novartis Capital Corp. | ||
2.20%, 08/14/30 (a) | 375,000 | 331,095 |
Ochsner LSU Health System of North Louisiana | ||
2.51%, 05/15/31 (a) | 125,000 | 101,221 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 150,000 | 129,257 |
PepsiCo, Inc. | ||
3.00%, 10/15/27 (a) | 500,000 | 487,155 |
2.63%, 07/29/29 (a) | 250,000 | 231,745 |
2.75%, 03/19/30 (a) | 325,000 | 299,523 |
1.63%, 05/01/30 (a) | 325,000 | 275,977 |
1.40%, 02/25/31 (a) | 150,000 | 123,345 |
1.95%, 10/21/31 (a) | 275,000 | 234,608 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29 (a) | 300,000 | 264,312 |
2.55%, 03/15/31 (a) | 100,000 | 81,921 |
2.25%, 09/15/31 (a) | 200,000 | 158,412 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pfizer, Inc. | ||
3.60%, 09/15/28 (a) | 200,000 | 199,178 |
3.45%, 03/15/29 (a) | 350,000 | 340,994 |
2.63%, 04/01/30 (a) | 200,000 | 182,710 |
1.70%, 05/28/30 (a) | 200,000 | 170,734 |
1.75%, 08/18/31 (a) | 375,000 | 313,909 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 250,000 | 282,820 |
Philip Morris International, Inc. | ||
3.13%, 08/17/27 (a) | 57,000 | 53,562 |
3.13%, 03/02/28 (a) | 100,000 | 91,498 |
3.38%, 08/15/29 (a) | 125,000 | 112,858 |
2.10%, 05/01/30 (a) | 325,000 | 265,960 |
1.75%, 11/01/30 (a) | 125,000 | 96,959 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 100,000 | 82,649 |
Procter & Gamble Co. | ||
2.85%, 08/11/27 | 125,000 | 121,258 |
3.00%, 03/25/30 | 475,000 | 448,552 |
1.20%, 10/29/30 | 275,000 | 225,126 |
1.95%, 04/23/31 | 175,000 | 151,512 |
2.30%, 02/01/32 | 250,000 | 222,172 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 200,000 | 177,442 |
Quest Diagnostics, Inc. | ||
4.20%, 06/30/29 (a) | 200,000 | 194,526 |
2.95%, 06/30/30 (a) | 150,000 | 132,318 |
2.80%, 06/30/31 (a) | 100,000 | 85,941 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 350,000 | 281,109 |
Royalty Pharma PLC | ||
1.75%, 09/02/27 (a) | 175,000 | 149,384 |
2.20%, 09/02/30 (a) | 275,000 | 222,065 |
2.15%, 09/02/31 (a) | 150,000 | 117,312 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 75,000 | 72,251 |
Sanofi | ||
3.63%, 06/19/28 (a) | 175,000 | 172,846 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 275,000 | 218,606 |
SSM Health Care Corp. | ||
3.82%, 06/01/27 (a) | 100,000 | 99,630 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 100,000 | 92,699 |
STERIS Irish FinCo Unlimited Co. | ||
2.70%, 03/15/31 (a) | 175,000 | 147,975 |
Stryker Corp. | ||
3.65%, 03/07/28 (a) | 250,000 | 242,477 |
1.95%, 06/15/30 (a) | 125,000 | 104,098 |
Sutter Health | ||
3.70%, 08/15/28 (a) | 150,000 | 146,639 |
2.29%, 08/15/30 (a) | 175,000 | 150,385 |
Sysco Corp. | ||
3.25%, 07/15/27 (a) | 125,000 | 119,046 |
2.40%, 02/15/30 (a) | 90,000 | 77,063 |
5.95%, 04/01/30 (a) | 175,000 | 186,904 |
2.45%, 12/14/31 (a) | 200,000 | 166,338 |
Takeda Pharmaceutical Co., Ltd. | ||
5.00%, 11/26/28 (a) | 550,000 | 561,192 |
2.05%, 03/31/30 (a) | 500,000 | 418,345 |
Thermo Fisher Scientific, Inc. | ||
1.75%, 10/15/28 (a) | 150,000 | 131,343 |
2.60%, 10/01/29 (a) | 50,000 | 45,375 |
2.00%, 10/15/31 (a) | 400,000 | 335,824 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Toledo Hospital | ||
5.33%, 11/15/28 | 100,000 | 94,208 |
Tyson Foods, Inc. | ||
4.35%, 03/01/29 (a) | 350,000 | 346,916 |
Unilever Capital Corp. | ||
3.50%, 03/22/28 (a) | 300,000 | 293,868 |
2.13%, 09/06/29 (a) | 200,000 | 176,322 |
1.38%, 09/14/30 (a) | 100,000 | 81,426 |
1.75%, 08/12/31 (a) | 250,000 | 206,310 |
Universal Health Services, Inc. | ||
2.65%, 10/15/30 (a)(d) | 225,000 | 180,135 |
2.65%, 01/15/32 (a)(d) | 100,000 | 77,730 |
Viatris, Inc. | ||
2.70%, 06/22/30 (a) | 350,000 | 281,466 |
Whirlpool Corp. | ||
4.75%, 02/26/29 (a) | 90,000 | 89,890 |
2.40%, 05/15/31 (a) | 175,000 | 146,244 |
Zimmer Biomet Holdings, Inc. | ||
2.60%, 11/24/31 (a) | 200,000 | 163,556 |
Zoetis, Inc. | ||
3.00%, 09/12/27 (a) | 125,000 | 118,043 |
3.90%, 08/20/28 (a) | 250,000 | 242,560 |
2.00%, 05/15/30 (a) | 100,000 | 83,813 |
53,962,510 | ||
Energy 6.3% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 325,000 | 307,599 |
3.14%, 11/07/29 (a) | 100,000 | 90,560 |
4.49%, 05/01/30 (a) | 175,000 | 173,308 |
Boardwalk Pipelines LP | ||
4.45%, 07/15/27 (a) | 75,000 | 72,779 |
4.80%, 05/03/29 (a) | 50,000 | 48,598 |
3.40%, 02/15/31 (a) | 200,000 | 171,430 |
BP Capital Markets America, Inc. | ||
3.94%, 09/21/28 (a) | 250,000 | 244,602 |
4.23%, 11/06/28 (a) | 425,000 | 422,709 |
3.63%, 04/06/30 (a) | 250,000 | 237,092 |
1.75%, 08/10/30 (a) | 200,000 | 164,848 |
2.72%, 01/12/32 (a) | 475,000 | 409,573 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 493,000 | 472,614 |
3.72%, 11/28/28 (a) | 150,000 | 145,383 |
Burlington Resources LLC | ||
7.20%, 08/15/31 | 100,000 | 119,000 |
7.40%, 12/01/31 | 100,000 | 120,919 |
Canadian Natural Resources Ltd. | ||
3.85%, 06/01/27 (a) | 200,000 | 192,186 |
2.95%, 07/15/30 (a) | 125,000 | 109,918 |
Cenovus Energy, Inc. | ||
4.40%, 04/15/29 (a) | 125,000 | 120,535 |
2.65%, 01/15/32 (a) | 150,000 | 124,539 |
Cheniere Corpus Christi Holdings LLC | ||
3.70%, 11/15/29 (a) | 450,000 | 413,478 |
Chevron Corp. | ||
2.24%, 05/11/30 (a) | 375,000 | 330,352 |
Chevron USA, Inc. | ||
1.02%, 08/12/27 (a) | 200,000 | 174,794 |
3.85%, 01/15/28 (a) | 75,000 | 74,627 |
3.25%, 10/15/29 (a) | 200,000 | 189,612 |
Conoco Funding Co. | ||
7.25%, 10/15/31 | 125,000 | 148,579 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ConocoPhillips Co. | ||
6.95%, 04/15/29 | 250,000 | 286,370 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 225,000 | 211,792 |
Coterra Energy, Inc. | ||
4.38%, 03/15/29 (a)(d) | 145,000 | 142,850 |
Devon Energy Corp. | ||
5.25%, 10/15/27 (a) | 100,000 | 100,867 |
5.88%, 06/15/28 (a)(d) | 54,000 | 54,948 |
4.50%, 01/15/30 (a) | 180,000 | 169,956 |
7.88%, 09/30/31 | 100,000 | 117,604 |
7.95%, 04/15/32 | 150,000 | 177,978 |
Diamondback Energy, Inc. | ||
3.50%, 12/01/29 (a) | 225,000 | 206,455 |
3.13%, 03/24/31 (a) | 125,000 | 108,913 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a)(d) | 125,000 | 113,356 |
Enable Midstream Partners LP | ||
4.95%, 05/15/28 (a) | 250,000 | 245,015 |
4.15%, 09/15/29 (a) | 135,000 | 123,966 |
Enbridge, Inc. | ||
3.70%, 07/15/27 (a) | 125,000 | 119,949 |
3.13%, 11/15/29 (a) | 175,000 | 158,723 |
Energy Transfer Operating LP | ||
5.50%, 06/01/27 (a) | 150,000 | 152,400 |
4.95%, 06/15/28 (a) | 175,000 | 172,582 |
5.25%, 04/15/29 (a) | 525,000 | 520,837 |
3.75%, 05/15/30 (a) | 300,000 | 270,489 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 50,000 | 55,977 |
Enterprise Products Operating LLC | ||
4.15%, 10/16/28 (a) | 175,000 | 170,919 |
3.13%, 07/31/29 (a) | 235,000 | 211,688 |
2.80%, 01/31/30 (a) | 375,000 | 328,789 |
5.25%, 08/16/77 (a)(b) | 225,000 | 189,911 |
5.38%, 02/15/78 (a)(b) | 200,000 | 160,404 |
EOG Resources, Inc. | ||
4.38%, 04/15/30 (a) | 225,000 | 226,181 |
EQT Corp. | ||
3.90%, 10/01/27 (a) | 200,000 | 187,320 |
5.00%, 01/15/29 (a) | 100,000 | 96,894 |
7.50%, 02/01/30 (a)(f) | 150,000 | 161,409 |
Exxon Mobil Corp. | ||
2.44%, 08/16/29 (a) | 300,000 | 270,138 |
3.48%, 03/19/30 (a) | 500,000 | 479,670 |
2.61%, 10/15/30 (a) | 400,000 | 359,572 |
Halliburton Co. | ||
2.92%, 03/01/30 (a) | 175,000 | 155,304 |
Helmerich and Payne, Inc. | ||
2.90%, 09/29/31 (a) | 100,000 | 85,778 |
Hess Corp. | ||
7.88%, 10/01/29 | 130,000 | 150,041 |
7.30%, 08/15/31 | 175,000 | 196,210 |
HF Sinclair Corp. | ||
4.50%, 10/01/30 (a)(d) | 100,000 | 91,133 |
Kinder Morgan Energy Partners LP | ||
7.75%, 03/15/32 | 150,000 | 172,728 |
Kinder Morgan, Inc. | ||
4.30%, 03/01/28 (a) | 275,000 | 268,386 |
2.00%, 02/15/31 (a) | 150,000 | 120,069 |
7.80%, 08/01/31 | 200,000 | 233,042 |
7.75%, 01/15/32 | 200,000 | 233,470 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 100,000 | 88,750 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 225,000 | 220,059 |
6.80%, 03/15/32 | 100,000 | 108,558 |
Marathon Petroleum Corp. | ||
3.80%, 04/01/28 (a) | 130,000 | 123,075 |
MPLX LP | ||
4.25%, 12/01/27 (a) | 175,000 | 168,912 |
4.00%, 03/15/28 (a) | 200,000 | 189,938 |
4.80%, 02/15/29 (a) | 125,000 | 123,281 |
2.65%, 08/15/30 (a) | 350,000 | 292,348 |
National Fuel Gas Co. | ||
3.95%, 09/15/27 (a) | 100,000 | 93,594 |
4.75%, 09/01/28 (a) | 100,000 | 98,271 |
2.95%, 03/01/31 (a) | 125,000 | 101,758 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 160,000 | 143,837 |
ONEOK, Inc. | ||
4.00%, 07/13/27 (a) | 175,000 | 168,907 |
4.55%, 07/15/28 (a) | 175,000 | 169,405 |
4.35%, 03/15/29 (a) | 125,000 | 117,868 |
3.40%, 09/01/29 (a) | 125,000 | 110,545 |
3.10%, 03/15/30 (a) | 225,000 | 193,525 |
6.35%, 01/15/31 (a) | 105,000 | 110,076 |
Ovintiv, Inc. | ||
8.13%, 09/15/30 | 150,000 | 170,607 |
7.20%, 11/01/31 | 150,000 | 163,845 |
7.38%, 11/01/31 | 50,000 | 55,230 |
Phillips 66 | ||
3.90%, 03/15/28 (a) | 200,000 | 194,502 |
2.15%, 12/15/30 (a) | 150,000 | 122,561 |
Phillips 66 Partners LP | ||
3.75%, 03/01/28 (a) | 75,000 | 71,445 |
3.15%, 12/15/29 (a)(d) | 125,000 | 112,536 |
Pioneer Natural Resources Co. | ||
1.90%, 08/15/30 (a) | 250,000 | 204,292 |
2.15%, 01/15/31 (a) | 225,000 | 185,557 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55%, 12/15/29 (a) | 175,000 | 154,730 |
3.80%, 09/15/30 (a) | 250,000 | 221,575 |
Sabine Pass Liquefaction LLC | ||
4.20%, 03/15/28 (a) | 300,000 | 288,741 |
4.50%, 05/15/30 (a) | 525,000 | 505,139 |
Schlumberger Investment S.A. | ||
2.65%, 06/26/30 (a) | 300,000 | 264,048 |
Shell International Finance BV | ||
3.88%, 11/13/28 (a) | 400,000 | 394,920 |
2.38%, 11/07/29 (a) | 240,000 | 212,256 |
2.75%, 04/06/30 (a) | 500,000 | 451,860 |
Suncor Energy, Inc. | ||
7.15%, 02/01/32 | 175,000 | 199,097 |
Sunoco Logistics Partners Operations LP | ||
4.00%, 10/01/27 (a) | 175,000 | 165,650 |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 (a) | 150,000 | 143,418 |
6.88%, 01/15/29 (a) | 150,000 | 153,188 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 250,000 | 255,802 |
5.50%, 03/01/30 (a) | 200,000 | 190,584 |
4.88%, 02/01/31 (a) | 250,000 | 228,327 |
4.00%, 01/15/32 (a) | 250,000 | 214,595 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 10/15/28 | 100,000 | 109,038 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tosco Corp. | ||
8.13%, 02/15/30 | 150,000 | 183,302 |
TotalEnergies Capital International S.A. | ||
3.46%, 02/19/29 (a) | 450,000 | 429,426 |
2.83%, 01/10/30 (a) | 210,000 | 190,564 |
TotalEnergies Capital S.A. | ||
3.88%, 10/11/28 | 175,000 | 172,722 |
TransCanada PipeLines Ltd. | ||
4.25%, 05/15/28 (a) | 475,000 | 462,659 |
4.10%, 04/15/30 (a) | 250,000 | 239,165 |
2.50%, 10/12/31 (a) | 200,000 | 166,482 |
Transcontinental Gas Pipe Line Co. LLC | ||
4.00%, 03/15/28 (a) | 175,000 | 170,214 |
3.25%, 05/15/30 (a) | 50,000 | 44,960 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 100,000 | 89,257 |
4.35%, 06/01/28 (a) | 150,000 | 146,168 |
4.00%, 04/01/29 (a) | 275,000 | 260,067 |
2.80%, 12/01/31 (a) | 225,000 | 189,169 |
7.50%, 04/15/32 | 100,000 | 115,881 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 150,000 | 148,154 |
Williams Cos., Inc. | ||
3.50%, 11/15/30 (a) | 325,000 | 293,368 |
2.60%, 03/15/31 (a) | 350,000 | 293,555 |
8.75%, 03/15/32 | 175,000 | 222,000 |
25,013,080 | ||
Industrial Other 0.2% | ||
Emory University | ||
2.14%, 09/01/30 (a) | 250,000 | 219,160 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 325,000 | 267,728 |
2.35%, 01/15/32 (a) | 125,000 | 96,786 |
Yale University | ||
1.48%, 04/15/30 (a) | 150,000 | 127,253 |
710,927 | ||
Technology 9.7% | ||
Adobe, Inc. | ||
2.30%, 02/01/30 (a) | 225,000 | 199,172 |
Advanced Micro Devices, Inc. | ||
3.92%, 06/01/32 (a) | 150,000 | 147,679 |
Alphabet, Inc. | ||
0.80%, 08/15/27 (a) | 200,000 | 173,814 |
1.10%, 08/15/30 (a) | 400,000 | 328,504 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 125,000 | 106,218 |
Analog Devices, Inc. | ||
1.70%, 10/01/28 (a) | 200,000 | 175,760 |
2.10%, 10/01/31 (a) | 175,000 | 149,396 |
Apple Inc. | ||
2.90%, 09/12/27 (a) | 450,000 | 434,488 |
3.00%, 11/13/27 (a) | 375,000 | 363,885 |
1.20%, 02/08/28 (a) | 400,000 | 350,252 |
1.40%, 08/05/28 (a) | 400,000 | 350,824 |
2.20%, 09/11/29 (a) | 525,000 | 472,857 |
1.65%, 05/11/30 (a) | 525,000 | 447,153 |
1.25%, 08/20/30 (a) | 400,000 | 328,884 |
1.65%, 02/08/31 (a) | 600,000 | 504,540 |
1.70%, 08/05/31 (a) | 350,000 | 293,622 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Arrow Electronics, Inc. | ||
3.88%, 01/12/28 (a) | 75,000 | 71,514 |
2.95%, 02/15/32 (a) | 50,000 | 41,716 |
Autodesk, Inc. | ||
3.50%, 06/15/27 (a) | 100,000 | 95,925 |
2.85%, 01/15/30 (a) | 85,000 | 74,236 |
2.40%, 12/15/31 (a) | 200,000 | 163,334 |
Automatic Data Processing, Inc. | ||
1.70%, 05/15/28 (a) | 300,000 | 270,306 |
1.25%, 09/01/30 (a) | 250,000 | 204,405 |
Avnet, Inc. | ||
3.00%, 05/15/31 (a) | 100,000 | 82,619 |
Baidu, Inc. | ||
3.63%, 07/06/27 | 200,000 | 193,020 |
4.38%, 03/29/28 (a) | 200,000 | 197,510 |
3.43%, 04/07/30 (a) | 200,000 | 183,688 |
2.38%, 10/09/30 (a) | 200,000 | 169,072 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.50%, 01/15/28 (a) | 275,000 | 254,815 |
Broadcom, Inc. | ||
1.95%, 02/15/28 (a)(d) | 100,000 | 85,229 |
4.11%, 09/15/28 (a) | 300,000 | 285,009 |
4.75%, 04/15/29 (a) | 360,000 | 350,518 |
5.00%, 04/15/30 (a) | 400,000 | 393,944 |
4.15%, 11/15/30 (a) | 475,000 | 435,727 |
2.45%, 02/15/31 (a)(d) | 450,000 | 361,953 |
4.15%, 04/15/32 (a)(d) | 375,000 | 340,050 |
Broadridge Financial Solutions, Inc. | ||
2.90%, 12/01/29 (a) | 100,000 | 87,768 |
2.60%, 05/01/31 (a) | 375,000 | 313,485 |
CDW LLC | ||
4.25%, 04/01/28 (a) | 150,000 | 136,257 |
3.25%, 02/15/29 (a) | 200,000 | 168,652 |
CDW LLC/CDW Finance Corp. | ||
3.28%, 12/01/28 (a) | 200,000 | 172,832 |
3.57%, 12/01/31 (a) | 225,000 | 186,367 |
CGI, Inc. | ||
2.30%, 09/14/31 (a) | 150,000 | 121,145 |
Citrix Systems, Inc. | ||
4.50%, 12/01/27 (a) | 100,000 | 99,063 |
3.30%, 03/01/30 (a) | 175,000 | 171,222 |
Dell International LLC/EMC Corp. | ||
6.10%, 07/15/27 (a) | 50,000 | 52,451 |
5.30%, 10/01/29 (a) | 330,000 | 325,667 |
6.20%, 07/15/30 (a) | 175,000 | 182,192 |
Dell, Inc. | ||
7.10%, 04/15/28 | 300,000 | 327,336 |
DXC Technology Co. | ||
2.38%, 09/15/28 (a) | 100,000 | 86,102 |
Equifax, Inc. | ||
3.10%, 05/15/30 (a) | 100,000 | 87,939 |
2.35%, 09/15/31 (a) | 350,000 | 279,699 |
Equinix, Inc. | ||
1.80%, 07/15/27 (a) | 150,000 | 130,335 |
1.55%, 03/15/28 (a) | 100,000 | 84,207 |
2.00%, 05/15/28 (a) | 50,000 | 43,003 |
3.20%, 11/18/29 (a) | 150,000 | 133,560 |
2.15%, 07/15/30 (a) | 400,000 | 325,120 |
2.50%, 05/15/31 (a) | 300,000 | 243,351 |
3.90%, 04/15/32 (a) | 300,000 | 271,467 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 125,000 | 109,838 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fidelity National Information Services, Inc. | ||
1.65%, 03/01/28 (a) | 50,000 | 42,772 |
3.75%, 05/21/29 (a) | 275,000 | 257,359 |
2.25%, 03/01/31 (a) | 250,000 | 203,562 |
Fiserv, Inc. | ||
4.20%, 10/01/28 (a) | 175,000 | 169,283 |
3.50%, 07/01/29 (a) | 900,000 | 821,187 |
2.65%, 06/01/30 (a) | 175,000 | 148,202 |
Flex Ltd. | ||
4.88%, 06/15/29 (a) | 150,000 | 144,983 |
4.88%, 05/12/30 (a) | 150,000 | 143,243 |
Fortinet, Inc. | ||
2.20%, 03/15/31 (a) | 150,000 | 122,040 |
Global Payments, Inc. | ||
4.45%, 06/01/28 (a) | 125,000 | 120,370 |
3.20%, 08/15/29 (a) | 280,000 | 244,980 |
2.90%, 05/15/30 (a) | 225,000 | 189,783 |
2.90%, 11/15/31 (a) | 250,000 | 205,002 |
HP, Inc. | ||
3.00%, 06/17/27 (a) | 150,000 | 138,720 |
3.40%, 06/17/30 (a) | 350,000 | 305,588 |
2.65%, 06/17/31 (a) | 425,000 | 341,717 |
4.20%, 04/15/32 (a) | 150,000 | 133,979 |
Intel Corp. | ||
1.60%, 08/12/28 (a) | 300,000 | 263,091 |
2.45%, 11/15/29 (a) | 550,000 | 491,139 |
3.90%, 03/25/30 (a) | 275,000 | 270,083 |
2.00%, 08/12/31 (a) | 300,000 | 251,610 |
International Business Machines Corp. | ||
6.22%, 08/01/27 | 125,000 | 136,884 |
6.50%, 01/15/28 | 135,000 | 149,604 |
3.50%, 05/15/29 | 625,000 | 592,250 |
1.95%, 05/15/30 (a) | 500,000 | 420,410 |
2.72%, 02/09/32 (a) | 100,000 | 86,860 |
Intuit, Inc. | ||
1.35%, 07/15/27 (a) | 150,000 | 131,522 |
1.65%, 07/15/30 (a) | 100,000 | 82,438 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 100,000 | 95,690 |
3.60%, 01/15/30 (a) | 60,000 | 53,563 |
3.00%, 01/15/31 (a) | 125,000 | 104,833 |
Juniper Networks, Inc. | ||
3.75%, 08/15/29 (a) | 250,000 | 229,640 |
2.00%, 12/10/30 (a) | 100,000 | 78,450 |
Keysight Technologies, Inc. | ||
3.00%, 10/30/29 (a) | 125,000 | 111,410 |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 150,000 | 148,885 |
Kyndryl Holdings, Inc. | ||
2.70%, 10/15/28 (a)(d) | 125,000 | 99,676 |
3.15%, 10/15/31 (a)(d) | 150,000 | 110,496 |
Lam Research Corp. | ||
4.00%, 03/15/29 (a) | 150,000 | 147,665 |
1.90%, 06/15/30 (a) | 250,000 | 211,510 |
Leidos, Inc. | ||
4.38%, 05/15/30 (a) | 300,000 | 277,188 |
2.30%, 02/15/31 (a) | 100,000 | 79,492 |
Marvell Technology, Inc. | ||
2.45%, 04/15/28 (a) | 125,000 | 109,100 |
4.88%, 06/22/28 (a) | 50,000 | 49,418 |
2.95%, 04/15/31 (a) | 150,000 | 125,546 |
Mastercard, Inc. | ||
3.50%, 02/26/28 (a) | 150,000 | 148,008 |
2.95%, 06/01/29 (a) | 225,000 | 211,214 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.35%, 03/26/30 (a) | 300,000 | 286,479 |
1.90%, 03/15/31 (a) | 150,000 | 128,210 |
2.00%, 11/18/31 (a) | 150,000 | 126,960 |
Maxim Integrated Products, Inc. | ||
3.45%, 06/15/27 (a) | 90,000 | 85,970 |
Micron Technology, Inc. | ||
5.33%, 02/06/29 (a) | 125,000 | 124,901 |
4.66%, 02/15/30 (a) | 225,000 | 216,254 |
2.70%, 04/15/32 (a) | 200,000 | 159,892 |
Moody's Corp. | ||
3.25%, 01/15/28 (a) | 225,000 | 213,048 |
4.25%, 02/01/29 (a) | 50,000 | 49,747 |
2.00%, 08/19/31 (a) | 100,000 | 81,742 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 300,000 | 293,016 |
4.60%, 05/23/29 (a) | 25,000 | 23,888 |
2.30%, 11/15/30 (a) | 375,000 | 293,647 |
2.75%, 05/24/31 (a) | 200,000 | 162,190 |
NetApp, Inc. | ||
2.38%, 06/22/27 (a) | 150,000 | 136,251 |
2.70%, 06/22/30 (a) | 175,000 | 147,766 |
NVIDIA Corp. | ||
1.55%, 06/15/28 (a) | 200,000 | 175,632 |
2.85%, 04/01/30 (a) | 300,000 | 274,848 |
2.00%, 06/15/31 (a) | 275,000 | 233,849 |
NXP BV/NXP Funding LLC | ||
5.55%, 12/01/28 (a) | 250,000 | 255,002 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
4.30%, 06/18/29 (a) | 275,000 | 264,718 |
3.40%, 05/01/30 (a) | 250,000 | 222,995 |
2.50%, 05/11/31 (a) | 250,000 | 206,135 |
2.65%, 02/15/32 (a) | 200,000 | 164,526 |
Oracle Corp. | ||
3.25%, 11/15/27 (a) | 675,000 | 622,471 |
2.30%, 03/25/28 (a) | 400,000 | 344,600 |
2.95%, 04/01/30 (a) | 600,000 | 512,340 |
3.25%, 05/15/30 (a) | 250,000 | 217,440 |
2.88%, 03/25/31 (a) | 900,000 | 741,888 |
PayPal Holdings, Inc. | ||
3.90%, 06/01/27 (a) | 150,000 | 149,409 |
2.85%, 10/01/29 (a) | 225,000 | 204,075 |
2.30%, 06/01/30 (a) | 325,000 | 280,023 |
4.40%, 06/01/32 (a) | 300,000 | 297,192 |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 225,000 | 198,502 |
QUALCOMM, Inc. | ||
1.30%, 05/20/28 (a) | 150,000 | 130,103 |
2.15%, 05/20/30 (a) | 375,000 | 329,295 |
1.65%, 05/20/32 (a) | 350,000 | 283,104 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 260,000 | 251,688 |
3.00%, 05/22/30 (a) | 100,000 | 89,903 |
S&P Global, Inc. | ||
4.75%, 08/01/28 (a)(d) | 175,000 | 178,279 |
2.70%, 03/01/29 (a)(d) | 250,000 | 227,740 |
4.25%, 05/01/29 (a)(d) | 200,000 | 198,310 |
2.50%, 12/01/29 (a) | 150,000 | 132,761 |
1.25%, 08/15/30 (a) | 175,000 | 138,899 |
2.90%, 03/01/32 (a)(d) | 375,000 | 334,361 |
salesforce.com, Inc. | ||
3.70%, 04/11/28 (a) | 350,000 | 346,125 |
1.50%, 07/15/28 (a) | 225,000 | 196,686 |
1.95%, 07/15/31 (a) | 275,000 | 234,154 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 350,000 | 274,277 |
Skyworks Solutions, Inc. | ||
3.00%, 06/01/31 (a) | 150,000 | 122,600 |
SYNNEX Corp. | ||
2.38%, 08/09/28 (a)(d) | 125,000 | 105,549 |
2.65%, 08/09/31 (a)(d) | 125,000 | 101,045 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 125,000 | 103,548 |
Tencent Music Entertainment Group | ||
2.00%, 09/03/30 (a) | 200,000 | 156,828 |
Texas Instruments, Inc. | ||
2.90%, 11/03/27 (a) | 150,000 | 143,624 |
2.25%, 09/04/29 (a) | 150,000 | 133,883 |
1.75%, 05/04/30 (a) | 125,000 | 107,026 |
1.90%, 09/15/31 (a) | 150,000 | 127,497 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 150,000 | 145,689 |
TSMC Arizona Corp. | ||
4.13%, 04/22/29 (a) | 200,000 | 199,734 |
2.50%, 10/25/31 (a) | 250,000 | 215,022 |
4.25%, 04/22/32 (a) | 250,000 | 247,280 |
Tyco Electronics Group S.A. | ||
3.13%, 08/15/27 (a) | 125,000 | 120,295 |
2.50%, 02/04/32 (a) | 100,000 | 87,848 |
VeriSign, Inc. | ||
4.75%, 07/15/27 (a) | 50,000 | 48,979 |
2.70%, 06/15/31 (a) | 200,000 | 161,156 |
Verisk Analytics, Inc. | ||
4.13%, 03/15/29 (a) | 150,000 | 144,471 |
Visa, Inc. | ||
0.75%, 08/15/27 (a) | 250,000 | 216,860 |
2.75%, 09/15/27 (a) | 200,000 | 191,144 |
2.05%, 04/15/30 (a) | 250,000 | 219,332 |
1.10%, 02/15/31 (a) | 250,000 | 200,210 |
VMware, Inc. | ||
3.90%, 08/21/27 (a) | 175,000 | 168,185 |
1.80%, 08/15/28 (a) | 150,000 | 124,773 |
4.70%, 05/15/30 (a) | 375,000 | 360,825 |
2.20%, 08/15/31 (a) | 300,000 | 236,322 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 200,000 | 163,118 |
3.10%, 02/01/32 (a) | 150,000 | 115,176 |
Western Union Co. | ||
2.75%, 03/15/31 (a) | 125,000 | 102,933 |
Workday, Inc. | ||
3.70%, 04/01/29 (a) | 200,000 | 187,664 |
3.80%, 04/01/32 (a) | 250,000 | 228,797 |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 225,000 | 198,484 |
38,648,329 | ||
Transportation 1.8% | ||
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 03/22/29 | 143,157 | 131,161 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 07/15/29 | 147,625 | 135,496 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 12/15/29 | 166,950 | 152,168 |
American Airlines 2016-3 Class AA Pass-Through Trust | ||
3.00%, 04/15/30 | 37,339 | 33,285 |
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 02/15/29 | 170,438 | 156,223 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 04/15/31 | 78,351 | 70,797 |
Canadian National Railway Co. | ||
6.90%, 07/15/28 | 160,000 | 182,181 |
Canadian Pacific Railway Co. | ||
4.00%, 06/01/28 (a) | 100,000 | 99,219 |
2.05%, 03/05/30 (a) | 125,000 | 105,886 |
7.13%, 10/15/31 | 150,000 | 175,371 |
2.45%, 12/02/31 (a) | 300,000 | 257,712 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 130,000 | 125,549 |
CSX Corp. | ||
3.25%, 06/01/27 (a) | 150,000 | 144,117 |
3.80%, 03/01/28 (a) | 150,000 | 146,800 |
4.25%, 03/15/29 (a) | 150,000 | 149,454 |
2.40%, 02/15/30 (a) | 100,000 | 87,807 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 12/10/29 | 176,082 | 155,196 |
FedEx Corp. | ||
3.40%, 02/15/28 (a) | 75,000 | 71,720 |
4.20%, 10/17/28 (a) | 75,000 | 74,444 |
3.10%, 08/05/29 (a) | 170,000 | 155,239 |
4.25%, 05/15/30 (a) | 250,000 | 243,802 |
2.40%, 05/15/31 (a) | 275,000 | 232,295 |
GXO Logistics, Inc. | ||
2.65%, 07/15/31 (a) | 250,000 | 197,822 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 75,000 | 67,142 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 155,000 | 144,596 |
Norfolk Southern Corp. | ||
3.80%, 08/01/28 (a) | 175,000 | 172,074 |
2.55%, 11/01/29 (a) | 125,000 | 112,076 |
2.30%, 05/15/31 (a) | 100,000 | 85,573 |
3.00%, 03/15/32 (a) | 125,000 | 112,862 |
Southwest Airlines Co. | ||
3.45%, 11/16/27 (a) | 25,000 | 23,541 |
2.63%, 02/10/30 (a) | 185,000 | 156,399 |
Spirit Airlines Pass-Through Trust 2015-1A | ||
4.10%, 10/01/29 | 47,675 | 44,952 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 100,000 | 81,677 |
Union Pacific Corp. | ||
3.95%, 09/10/28 (a) | 250,000 | 247,140 |
6.63%, 02/01/29 | 75,000 | 84,856 |
3.70%, 03/01/29 (a) | 100,000 | 97,382 |
2.40%, 02/05/30 (a) | 75,000 | 66,347 |
2.38%, 05/20/31 (a) | 300,000 | 259,800 |
2.80%, 02/14/32 (a) | 400,000 | 356,108 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 01/07/30 | 171,574 | 155,301 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 04/07/30 | 95,265 | 86,476 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 09/01/31 | 229,322 | 206,580 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 02/25/33 | 39,817 | 37,128 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 11/01/33 | 136,508 | 115,172 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 04/15/29 | 613,960 | 604,321 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
United Parcel Service, Inc. | ||
3.05%, 11/15/27 (a) | 175,000 | 170,469 |
3.40%, 03/15/29 (a) | 125,000 | 120,755 |
2.50%, 09/01/29 (a) | 125,000 | 113,681 |
4.45%, 04/01/30 (a) | 150,000 | 153,637 |
7,159,789 | ||
223,059,894 | ||
Utility 7.4% | ||
Electric 6.6% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 100,000 | 97,286 |
2.10%, 07/01/30 (a) | 150,000 | 125,111 |
4.70%, 05/15/32 (a) | 125,000 | 124,731 |
AES Corp. | ||
2.45%, 01/15/31 (a) | 225,000 | 181,152 |
Alabama Power Co. | ||
1.45%, 09/15/30 (a) | 150,000 | 122,189 |
3.05%, 03/15/32 (a) | 200,000 | 182,610 |
Ameren Corp. | ||
1.75%, 03/15/28 (a) | 300,000 | 258,813 |
3.50%, 01/15/31 (a) | 300,000 | 275,265 |
Ameren Illinois Co. | ||
3.80%, 05/15/28 (a) | 35,000 | 34,450 |
1.55%, 11/15/30 (a) | 100,000 | 81,611 |
American Electric Power Co., Inc. | ||
3.20%, 11/13/27 (a) | 150,000 | 141,849 |
4.30%, 12/01/28 (a) | 125,000 | 121,898 |
2.30%, 03/01/30 (a) | 100,000 | 84,289 |
Appalachian Power Co. | ||
2.70%, 04/01/31 (a) | 75,000 | 64,753 |
Arizona Public Service Co. | ||
2.95%, 09/15/27 (a) | 50,000 | 47,040 |
2.60%, 08/15/29 (a) | 125,000 | 109,708 |
2.20%, 12/15/31 (a) | 125,000 | 101,779 |
Atlantic City Electric Co. | ||
2.30%, 03/15/31 (a) | 200,000 | 173,204 |
Avangrid, Inc. | ||
3.80%, 06/01/29 (a) | 50,000 | 46,860 |
Baltimore Gas and Electric Co. | ||
2.25%, 06/15/31 (a) | 225,000 | 192,163 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28 (a) | 175,000 | 166,563 |
3.70%, 07/15/30 (a) | 100,000 | 96,036 |
1.65%, 05/15/31 (a) | 175,000 | 141,748 |
Black Hills Corp. | ||
3.05%, 10/15/29 (a) | 100,000 | 88,982 |
2.50%, 06/15/30 (a) | 150,000 | 125,611 |
CenterPoint Energy Houston Electric LLC | ||
2.35%, 04/01/31 (a) | 200,000 | 174,334 |
CenterPoint Energy, Inc. | ||
4.25%, 11/01/28 (a) | 20,000 | 19,621 |
2.95%, 03/01/30 (a) | 105,000 | 93,499 |
2.65%, 06/01/31 (a) | 100,000 | 85,450 |
CMS Energy Corp. | ||
3.45%, 08/15/27 (a) | 25,000 | 23,990 |
4.75%, 06/01/50 (a)(b) | 100,000 | 88,157 |
3.75%, 12/01/50 (a)(b) | 75,000 | 58,250 |
Commonwealth Edison Co. | ||
2.95%, 08/15/27 (a) | 100,000 | 95,585 |
3.70%, 08/15/28 (a) | 25,000 | 24,383 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.20%, 03/01/30 (a) | 110,000 | 95,744 |
3.15%, 03/15/32 (a) | 50,000 | 46,130 |
Connecticut Light and Power Co. | ||
2.05%, 07/01/31 (a) | 200,000 | 169,200 |
Consolidated Edison Co. of New York, Inc. | ||
3.13%, 11/15/27 (a) | 169,000 | 161,403 |
3.80%, 05/15/28 (a) | 25,000 | 24,555 |
4.00%, 12/01/28 (a) | 33,000 | 32,611 |
3.35%, 04/01/30 (a) | 150,000 | 139,933 |
2.40%, 06/15/31 (a) | 325,000 | 279,760 |
Consumers Energy Co. | ||
3.80%, 11/15/28 (a) | 75,000 | 73,590 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 100,000 | 85,529 |
6.63%, 02/01/32 | 150,000 | 175,032 |
Dominion Energy, Inc. | ||
4.25%, 06/01/28 (a) | 135,000 | 133,253 |
3.38%, 04/01/30 (a) | 225,000 | 206,019 |
2.25%, 08/15/31 (a) | 250,000 | 206,347 |
DTE Electric Co. | ||
1.90%, 04/01/28 (a) | 150,000 | 134,079 |
2.25%, 03/01/30 (a) | 75,000 | 65,817 |
2.63%, 03/01/31 (a) | 100,000 | 88,885 |
3.00%, 03/01/32 (a) | 100,000 | 90,594 |
DTE Energy Co. | ||
3.40%, 06/15/29 (a) | 325,000 | 298,717 |
2.95%, 03/01/30 (a) | 100,000 | 88,764 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 50,000 | 49,410 |
6.00%, 12/01/28 | 175,000 | 189,635 |
2.45%, 08/15/29 (a) | 125,000 | 111,744 |
2.45%, 02/01/30 (a) | 150,000 | 132,757 |
2.55%, 04/15/31 (a) | 125,000 | 109,710 |
2.85%, 03/15/32 (a) | 150,000 | 133,323 |
Duke Energy Corp. | ||
3.15%, 08/15/27 (a) | 150,000 | 142,045 |
3.40%, 06/15/29 (a) | 210,000 | 192,583 |
2.45%, 06/01/30 (a) | 225,000 | 189,925 |
2.55%, 06/15/31 (a) | 225,000 | 187,148 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28 (a) | 125,000 | 122,341 |
2.50%, 12/01/29 (a) | 100,000 | 89,040 |
1.75%, 06/15/30 (a) | 100,000 | 83,283 |
2.40%, 12/15/31 (a) | 150,000 | 128,320 |
Duke Energy Florida Project Finance LLC | ||
2.54%, 09/01/31 | 125,000 | 117,784 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 150,000 | 143,629 |
2.13%, 06/01/30 (a) | 75,000 | 63,511 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28 (a) | 200,000 | 194,502 |
3.45%, 03/15/29 (a) | 150,000 | 142,851 |
2.00%, 08/15/31 (a) | 150,000 | 124,569 |
Edison International | ||
4.13%, 03/15/28 (a) | 100,000 | 93,393 |
Emera US Finance LP | ||
2.64%, 06/15/31 (a) | 100,000 | 83,243 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 295,000 | 282,734 |
Entergy Arkansas LLC | ||
4.00%, 06/01/28 (a) | 75,000 | 73,849 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Entergy Corp. | ||
1.90%, 06/15/28 (a) | 150,000 | 128,938 |
2.80%, 06/15/30 (a) | 150,000 | 128,965 |
2.40%, 06/15/31 (a) | 175,000 | 142,515 |
Entergy Louisiana LLC | ||
3.12%, 09/01/27 (a) | 90,000 | 85,808 |
3.25%, 04/01/28 (a) | 100,000 | 94,210 |
1.60%, 12/15/30 (a) | 200,000 | 160,394 |
3.05%, 06/01/31 (a) | 25,000 | 22,629 |
Entergy Mississippi LLC | ||
2.85%, 06/01/28 (a) | 50,000 | 46,134 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 125,000 | 122,409 |
1.75%, 03/15/31 (a) | 150,000 | 122,211 |
Evergy Metro, Inc. | ||
2.25%, 06/01/30 (a)(e) | 150,000 | 130,051 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 175,000 | 154,703 |
Eversource Energy | ||
4.60%, 07/01/27 (a) | 300,000 | 302,667 |
4.25%, 04/01/29 (a) | 150,000 | 147,060 |
1.65%, 08/15/30 (a) | 100,000 | 79,691 |
2.55%, 03/15/31 (a) | 50,000 | 42,529 |
3.38%, 03/01/32 (a) | 50,000 | 44,947 |
Exelon Corp. | ||
4.05%, 04/15/30 (a) | 225,000 | 216,016 |
3.35%, 03/15/32 (a)(d) | 150,000 | 134,644 |
Florida Power & Light Co. | ||
2.45%, 02/03/32 (a) | 300,000 | 261,900 |
Georgia Power Co. | ||
2.65%, 09/15/29 (a) | 145,000 | 127,971 |
4.70%, 05/15/32 (a) | 100,000 | 100,503 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 50,000 | 48,496 |
Interstate Power and Light Co. | ||
4.10%, 09/26/28 (a) | 50,000 | 49,529 |
3.60%, 04/01/29 (a) | 100,000 | 95,538 |
2.30%, 06/01/30 (a) | 100,000 | 85,636 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 125,000 | 116,586 |
ITC Holdings Corp. | ||
3.35%, 11/15/27 (a) | 155,000 | 148,078 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 175,000 | 170,513 |
6.75%, 12/30/31 | 150,000 | 177,648 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 100,000 | 97,403 |
National Rural Utilities Cooperative Finance Corp. | ||
3.40%, 02/07/28 (a) | 50,000 | 47,983 |
3.90%, 11/01/28 (a) | 80,000 | 78,271 |
3.70%, 03/15/29 (a) | 150,000 | 143,469 |
2.40%, 03/15/30 (a) | 125,000 | 108,860 |
1.35%, 03/15/31 (a) | 100,000 | 78,030 |
1.65%, 06/15/31 (a) | 100,000 | 79,831 |
2.75%, 04/15/32 (a) | 200,000 | 174,446 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 100,000 | 96,432 |
2.40%, 05/01/30 (a) | 75,000 | 65,485 |
NextEra Energy Capital Holdings, Inc. | ||
4.63%, 07/15/27 (a) | 300,000 | 304,011 |
1.90%, 06/15/28 (a) | 600,000 | 522,594 |
3.50%, 04/01/29 (a) | 125,000 | 116,849 |
2.75%, 11/01/29 (a) | 225,000 | 199,017 |
2.25%, 06/01/30 (a) | 450,000 | 378,220 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.44%, 01/15/32 (a) | 250,000 | 208,297 |
4.80%, 12/01/77 (a)(b) | 125,000 | 103,870 |
5.65%, 05/01/79 (a)(b) | 50,000 | 44,166 |
Northern States Power Co. | ||
2.25%, 04/01/31 (a) | 50,000 | 43,821 |
NSTAR Electric Co. | ||
3.25%, 05/15/29 (a) | 100,000 | 94,738 |
3.95%, 04/01/30 (a) | 25,000 | 24,574 |
1.95%, 08/15/31 (a) | 150,000 | 124,875 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 125,000 | 110,816 |
1.63%, 01/15/31 (a) | 100,000 | 80,939 |
Oklahoma Gas and Electric Co. | ||
3.80%, 08/15/28 (a) | 75,000 | 73,073 |
3.30%, 03/15/30 (a) | 130,000 | 120,509 |
3.25%, 04/01/30 (a) | 50,000 | 46,218 |
Oncor Electric Delivery Co. LLC | ||
3.70%, 11/15/28 (a) | 125,000 | 121,713 |
5.75%, 03/15/29 (a) | 50,000 | 54,298 |
2.75%, 05/15/30 (a) | 100,000 | 90,999 |
4.15%, 06/01/32 (a)(d) | 100,000 | 100,648 |
Pacific Gas and Electric Co. | ||
2.10%, 08/01/27 (a) | 200,000 | 168,084 |
3.30%, 12/01/27 (a) | 300,000 | 262,305 |
3.00%, 06/15/28 (a) | 175,000 | 151,772 |
3.75%, 07/01/28 | 228,000 | 201,577 |
4.65%, 08/01/28 (a) | 150,000 | 139,692 |
4.55%, 07/01/30 (a) | 775,000 | 688,572 |
2.50%, 02/01/31 (a) | 400,000 | 307,584 |
3.25%, 06/01/31 (a) | 125,000 | 101,024 |
4.40%, 03/01/32 (a) | 225,000 | 195,986 |
5.90%, 06/15/32 (a) | 200,000 | 193,304 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 150,000 | 142,692 |
2.70%, 09/15/30 (a) | 100,000 | 88,613 |
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/32 | 125,000 | 124,808 |
PPL Capital Funding, Inc. | ||
4.13%, 04/15/30 (a) | 75,000 | 72,045 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 225,000 | 263,934 |
7.00%, 10/30/31 | 75,000 | 84,562 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 150,000 | 148,054 |
1.90%, 01/15/31 (a) | 125,000 | 105,596 |
1.88%, 06/15/31 (a) | 150,000 | 125,437 |
Public Service Co. of New Hampshire | ||
2.20%, 06/15/31 (a) | 150,000 | 128,206 |
Public Service Electric and Gas Co. | ||
3.65%, 09/01/28 (a) | 50,000 | 48,780 |
3.20%, 05/15/29 (a) | 100,000 | 94,840 |
2.45%, 01/15/30 (a) | 270,000 | 241,674 |
3.10%, 03/15/32 (a) | 100,000 | 92,185 |
Public Service Enterprise Group, Inc. | ||
1.60%, 08/15/30 (a) | 225,000 | 179,397 |
2.45%, 11/15/31 (a) | 150,000 | 125,641 |
Puget Energy, Inc. | ||
2.38%, 06/15/28 (a) | 100,000 | 87,802 |
4.10%, 06/15/30 (a) | 100,000 | 93,265 |
4.22%, 03/15/32 (a) | 175,000 | 161,877 |
San Diego Gas & Electric Co. | ||
1.70%, 10/01/30 (a) | 100,000 | 82,278 |
3.00%, 03/15/32 (a) | 200,000 | 179,342 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southern California Edison Co. | ||
4.70%, 06/01/27 (a) | 150,000 | 150,607 |
3.65%, 03/01/28 (a) | 75,000 | 71,095 |
4.20%, 03/01/29 (a) | 150,000 | 144,637 |
6.65%, 04/01/29 | 75,000 | 79,995 |
2.85%, 08/01/29 (a) | 100,000 | 88,820 |
2.25%, 06/01/30 (a) | 125,000 | 104,955 |
2.50%, 06/01/31 (a) | 125,000 | 105,341 |
2.75%, 02/01/32 (a) | 125,000 | 106,048 |
Southern Co. | ||
5.11%, 08/01/27 | 300,000 | 303,285 |
3.70%, 04/30/30 (a) | 200,000 | 185,842 |
Southwestern Electric Power Co. | ||
4.10%, 09/15/28 (a) | 175,000 | 169,431 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 125,000 | 108,295 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 125,000 | 100,173 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 75,000 | 71,923 |
2.95%, 03/15/30 (a) | 125,000 | 114,038 |
Virginia Electric and Power Co. | ||
3.80%, 04/01/28 (a) | 150,000 | 146,709 |
2.88%, 07/15/29 (a) | 100,000 | 91,593 |
2.30%, 11/15/31 (a) | 150,000 | 127,548 |
2.40%, 03/30/32 (a) | 125,000 | 107,073 |
WEC Energy Group, Inc. | ||
1.38%, 10/15/27 (a) | 100,000 | 86,813 |
2.20%, 12/15/28 (a) | 100,000 | 87,696 |
1.80%, 10/15/30 (a) | 150,000 | 120,855 |
Wisconsin Power and Light Co. | ||
3.05%, 10/15/27 (a) | 100,000 | 94,943 |
3.00%, 07/01/29 (a) | 50,000 | 46,429 |
1.95%, 09/16/31 (a) | 75,000 | 62,340 |
Xcel Energy, Inc. | ||
4.00%, 06/15/28 (a) | 150,000 | 147,069 |
2.60%, 12/01/29 (a) | 150,000 | 131,907 |
3.40%, 06/01/30 (a) | 100,000 | 92,171 |
2.35%, 11/15/31 (a) | 150,000 | 124,350 |
4.60%, 06/01/32 (a) | 250,000 | 248,470 |
25,951,014 | ||
Natural Gas 0.5% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 125,000 | 111,484 |
1.50%, 01/15/31 (a) | 200,000 | 160,530 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 75,000 | 73,368 |
1.75%, 10/01/30 (a) | 150,000 | 121,897 |
NiSource, Inc. | ||
2.95%, 09/01/29 (a) | 150,000 | 133,300 |
3.60%, 05/01/30 (a) | 250,000 | 229,350 |
1.70%, 02/15/31 (a) | 200,000 | 156,318 |
ONE Gas, Inc. | ||
2.00%, 05/15/30 (a) | 100,000 | 84,016 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 160,000 | 148,931 |
2.50%, 03/15/31 (a) | 75,000 | 63,469 |
Sempra Energy | ||
3.40%, 02/01/28 (a) | 275,000 | 259,900 |
Southern California Gas Co. | ||
2.55%, 02/01/30 (a) | 150,000 | 132,876 |
Southern Co. Gas Capital Corp. | ||
1.75%, 01/15/31 (a) | 200,000 | 158,128 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 150,000 | 121,622 |
4.05%, 03/15/32 (a) | 150,000 | 136,827 |
2,092,016 | ||
Utility Other 0.3% | ||
American Water Capital Corp. | ||
2.95%, 09/01/27 (a) | 160,000 | 150,472 |
3.75%, 09/01/28 (a) | 100,000 | 96,839 |
3.45%, 06/01/29 (a) | 175,000 | 164,817 |
2.80%, 05/01/30 (a) | 200,000 | 179,538 |
2.30%, 06/01/31 (a) | 50,000 | 42,370 |
4.45%, 06/01/32 (a) | 250,000 | 248,650 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 75,000 | 70,304 |
2.70%, 04/15/30 (a) | 150,000 | 131,493 |
2.40%, 05/01/31 (a) | 125,000 | 104,545 |
United Utilities plc | ||
6.88%, 08/15/28 | 25,000 | 27,183 |
1,216,211 | ||
29,259,241 | ||
Total Corporates (Cost $445,164,903) | 392,159,127 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS | ||
Money Market Funds 0.5% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (i) | 1,554,385 | 1,554,385 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43% (i)(j) | 471,805 | 471,805 |
2,026,190 | ||
Total Short-Term Investments (Cost $2,026,190) | 2,026,190 | |
Total Investments in Securities (Cost $447,191,093) | 394,185,317 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED DEPRECIATION ($) | |
FUTURES CONTRACTS | |||
Long | |||
10 Year US Treasury Note (CBOT), expires 09/21/22 | 9 | 1,066,781 | (14) |
(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 is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(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 $6,993,358 or 1.8% of net assets. |
(e) | All or a portion of this security is on loan. Securities on loan were valued at $252,895. |
(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) | All or a portion of this security is held as collateral for delayed-delivery securities. |
(h) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(i) | The rate shown is the 7-day yield. |
(j) | Security purchased with cash collateral received for securities on loan. |
CBOT — | Chicago Board of Trade |
REIT — | Real Estate Investment Trust |
SECURITY RATE, MATURITY DATE | VALUE AT 12/31/21 | PURCHASES | SALES | REALIZED GAINS (LOSSES) | NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) | ACCRETION OF DISCOUNTS (AMORTIZATION OF PREMIUMS) | VALUE AT 6/30/22 | FACE AMOUNT AT 6/30/22 | INTEREST INCOME EARNED |
CORPORATES 0.3% OF NET ASSETS | |||||||||
Financial Institutions 0.3% | |||||||||
Brokerage/Asset Managers/Exchanges 0.3% | |||||||||
The Charles Schwab Corp. | |||||||||
3.20%, 03/02/27 | $107,120 | $— | ($100,677) | ($7,494) | $1,486 | ($435) | $— | $— | $827 |
3.30%, 04/01/27 | 107,400 | — | (98,093) | (10,210) | 1,446 | (543) | — | — | 1,118 |
3.20%, 01/25/28 | 107,595 | — | — | — | (11,226) | (636) | 95,733 | 100,000 | 1,600 |
2.00%, 03/20/28 | 202,678 | — | — | — | (23,614) | (266) | 178,798 | 200,000 | 2,000 |
4.00%, 02/01/29 | 56,134 | 54,008 | — | — | (10,871) | (750) | 98,521 | 100,000 | 1,661 |
3.25%, 05/22/29 | 86,110 | 26,316 | — | — | (14,122) | (472) | 97,832 | 105,000 | 1,650 |
2.75%, 10/01/29 | 78,552 | — | — | — | (10,705) | (216) | 67,631 | 75,000 | 1,031 |
4.63%, 03/22/30 | 88,948 | — | — | — | (12,510) | (411) | 76,027 | 75,000 | 1,734 |
1.65%, 03/11/31 | 120,254 | — | — | — | (19,990) | 281 | 100,545 | 125,000 | 1,031 |
2.30%, 05/13/31 | 126,337 | — | — | — | (20,295) | (163) | 105,879 | 125,000 | 1,438 |
1.95%, 12/01/31 | — | 147,642 | — | — | (18,130) | 350 | 129,862 | 160,000 | 1,152 |
2.90%, 03/03/32 | — | 186,756 | — | — | (15,116) | 163 | 171,803 | 195,000 | 1,343 |
Total | $1,081,128 | $414,722 | ($198,770) | ($17,704) | ($153,647) | ($3,098) | $1,122,631 | $16,585 |
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 | $— | $392,159,127 | $— | $392,159,127 |
Short-Term Investments1 | 2,026,190 | — | — | 2,026,190 |
Liabilities | ||||
Futures Contracts2 | (14) | — | — | (14) |
Total | $2,026,176 | $392,159,127 | $— | $394,185,303 |
1 | As categorized in the Portfolio Holdings. |
2 | Futures contracts are reported at cumulative unrealized appreciation or depreciation. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,276,639) | $1,122,631 | |
Investments in securities, at value - unaffiliated (cost $445,914,454) including securities on loan of $252,895 | 393,062,686 | |
Deposit with broker for futures contracts | 36,250 | |
Receivables: | ||
Investments sold | 11,436,151 | |
Interest | 3,697,394 | |
Dividends | 986 | |
Income from securities on loan | + | 604 |
Total assets | 409,356,702 | |
Liabilities | ||
Collateral held for securities on loan | 471,805 | |
Payables: | ||
Fund shares redeemed | 8,924,454 | |
Investments bought | 2,764,671 | |
Investments bought - delayed delivery | 43,241 | |
Management fees | 13,045 | |
Variation margin on futures contracts | + | 2,005 |
Total liabilities | 12,219,221 | |
Net assets | $397,137,481 | |
Net Assets by Source | ||
Capital received from investors | $456,323,122 | |
Total distributable loss | + | (59,185,641) |
Net assets | $397,137,481 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$397,137,481 | 8,900,000 | $44.62 | ||
For the period January 1, 2022 through June 30, 2022; unaudited | ||
Investment Income | ||
Interest received from securities - unaffiliated | $4,746,655 | |
Interest received from securities - affiliated | 13,487 | |
Dividends received from securities - unaffiliated | 3,175 | |
Securities on loan, net | + | 3,926 |
Total investment income | 4,767,243 | |
Expenses | ||
Management fees | 74,157 | |
Total expenses | – | 74,157 |
Net investment income | 4,693,086 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (1,600,258) | |
Net realized losses on sales of in-kind redemptions - affiliated | (17,704) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (4,760,968) | |
Net realized losses on futures contracts | + | (49,073) |
Net realized losses | (6,428,003) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (153,647) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (48,563,105) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 225 |
Net change in unrealized appreciation (depreciation) | + | (48,716,527) |
Net realized and unrealized losses | (55,144,530) | |
Decrease in net assets resulting from operations | ($50,451,444) |
OPERATIONS | |||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||
Net investment income | $4,693,086 | $6,841,316 | |
Net realized gains (losses) | (6,428,003) | 1,468,611 | |
Net change in unrealized appreciation (depreciation) | + | (48,716,527) | (14,566,712) |
Decrease in net assets from operations | ($50,451,444) | ($6,256,785) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($3,758,490) | ($6,826,280) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 3,100,000 | $143,868,847 | 8,400,000 | $442,848,633 | |
Shares redeemed | + | (1,450,000) | (67,576,311) | (4,700,000) | (245,294,686) |
Net transactions in fund shares | 1,650,000 | $76,292,536 | 3,700,000 | $197,553,947 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-6/30/22 | 1/1/21-12/31/21 | ||||
SHARES | NET ASSETS | SHARES | NET ASSETS | ||
Beginning of period | 7,250,000 | $375,054,879 | 3,550,000 | $190,583,997 | |
Total increase | + | 1,650,000 | 22,082,602 | 3,700,000 | 184,470,882 |
End of period | 8,900,000 | $397,137,481 | 7,250,000 | $375,054,879 |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab U.S. TIPS ETF | Schwab U.S. Dividend Equity ETF |
Schwab Short-Term U.S. Treasury ETF | Schwab International 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 | Schwab Ariel ESG ETF |
Schwab U.S. Small-Cap ETF |
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%* | 0.04%* | 0.04%* | 0.04%* | 0.04%* | 0.04%* | 0.04%* |
UNDERLYING FUNDS | ||||
SCHWAB U.S. TIPS ETF | SCHWAB SHORT-TERM U.S. TREASURY ETF | SCHWAB U.S. AGGREGATE BOND ETF | SCHWAB 5-10 YEAR CORPORATE BOND ETF | |
Schwab Monthly Income Fund - Enhanced Payout | —% | —% | —% | 0.6% |
Schwab Monthly Income Fund - Maximum Payout | —% | —% | —% | 0.6% |
Schwab Monthly Income Fund - Moderate Payout | —% | —% | —% | 0.3% |
Schwab Target 2010 Index Fund | 0.0%* | 0.0%* | 0.3% | —% |
Schwab Target 2015 Index Fund | 0.0%* | 0.1% | 0.3% | —% |
Schwab Target 2020 Index Fund | 0.1% | 0.2% | 1.4% | —% |
Schwab Target 2025 Index Fund | 0.1% | 0.3% | 2.2% | —% |
Schwab Target 2030 Index Fund | 0.0%* | 0.2% | 2.8% | —% |
Schwab Target 2035 Index Fund | —% | 0.1% | 1.3% | —% |
Schwab Target 2040 Index Fund | —% | 0.1% | 1.2% | —% |
Schwab Target 2045 Index Fund | —% | 0.0%* | 0.5% | —% |
Schwab Target 2050 Index Fund | —% | —% | 0.4% | —% |
Schwab Target 2055 Index Fund | —% | —% | 0.2% | —% |
Schwab Target 2060 Index Fund | —% | —% | 0.1% | —% |
Schwab Target 2065 Index Fund | —% | —% | 0.0%* | —% |
Schwab VIT Balanced Portfolio | 0.0%* | 0.1% | 0.4% | —% |
Schwab VIT Balanced with Growth Portfolio | 0.0%* | 0.1% | 0.5% | —% |
Schwab VIT Growth Portfolio | —% | —% | 0.3% | —% |
* | Less than 0.05% |
6. Board of Trustees: |
NOTIONAL AMOUNTS | NUMBER OF CONTRACTS | |
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 | 982,861 | 8 |
Schwab 5-10 Year Corporate Bond ETF | 506,283 | 4 |
9. Purchases and Sales/Maturities of Investment Securities: |
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 | $1,477,981,267 | $— | $1,477,981,267 |
Schwab Short-Term U.S. Treasury ETF | 3,572,994,243 | — | 3,572,994,243 |
Schwab Intermediate-Term U.S. Treasury ETF | 1,767,239,267 | — | 1,767,239,267 |
Schwab Long-Term U.S. Treasury ETF | 24,590,912 | — | 24,590,912 |
Schwab U.S. Aggregate Bond ETF | 1,590,197,807 | 200,623,398 | 1,790,821,205 |
Schwab 1-5 Year Corporate Bond ETF | — | 40,249,615 | 40,249,615 |
Schwab 5-10 Year Corporate Bond ETF | — | 24,879,474 | 24,879,474 |
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 | $1,888,616,479 | $— | $1,888,616,479 |
Schwab Short-Term U.S. Treasury ETF | 3,211,579,938 | — | 3,211,579,938 |
Schwab Intermediate-Term U.S. Treasury ETF | 1,416,410,660 | — | 1,416,410,660 |
Schwab Long-Term U.S. Treasury ETF | 20,309,631 | — | 20,309,631 |
Schwab U.S. Aggregate Bond ETF | 1,891,918,496 | 204,091,896 | 2,096,010,392 |
Schwab 1-5 Year Corporate Bond ETF | — | 32,971,970 | 32,971,970 |
Schwab 5-10 Year Corporate Bond ETF | — | 17,524,669 | 17,524,669 |
* | Includes securities guaranteed by U.S. Government Agencies. |
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES | |
Schwab U.S. TIPS ETF | $5,403,302,420 | $8,735,119,413 |
Schwab Short-Term U.S. Treasury ETF | 1,518,808,851 | 1,690,815,300 |
Schwab Intermediate-Term U.S. Treasury ETF | 4,837,833,498 | 1,456,461,278 |
Schwab Long-Term U.S. Treasury ETF | 36,751,518 | 33,849,208 |
Schwab U.S. Aggregate Bond ETF | 69,979,881 | 271,981,504 |
Schwab 1-5 Year Corporate Bond ETF | 44,314,406 | 257,294,046 |
Schwab 5-10 Year Corporate Bond ETF | 136,649,790 | 66,359,114 |
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab U.S. TIPS ETF | $17,362,794,611 | $- | ($1,630,934,721) | ($1,630,934,721) |
Schwab Short-Term U.S. Treasury ETF | 9,077,555,601 | - | (273,586,752) | (273,586,752) |
Schwab Intermediate-Term U.S. Treasury ETF | 7,412,658,010 | - | (364,224,520) | (364,224,520) |
Schwab Long-Term U.S. Treasury ETF | 107,170,098 | - | (21,463,675) | (21,463,675) |
Schwab U.S. Aggregate Bond ETF | 8,375,260,034 | - | (755,969,754) | (755,969,754) |
Schwab 1-5 Year Corporate Bond ETF | 388,702,612 | 37,438 | (26,012,308) | (25,974,870) |
Schwab 5-10 Year Corporate Bond ETF | 447,205,563 | 38,092 | (53,058,352) | (53,020,260) |
Schwab U.S. TIPS ETF | $42,334,833 |
Schwab Short-Term U.S. Treasury ETF | 6,843,877 |
Schwab Intermediate-Term U.S. Treasury ETF | 25,108,713 |
Schwab Long-Term U.S. Treasury ETF | 1,654,682 |
Schwab U.S. Aggregate Bond ETF | 7,946,563 |
Schwab 1-5 Year Corporate Bond ETF | 119,472 |
Schwab 5-10 Year Corporate Bond ETF | 700,704 |
PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | |
Schwab U.S. TIPS ETF | $852,013,180 |
Schwab Short-Term U.S. Treasury ETF | 34,862,540 |
Schwab Intermediate-Term U.S. Treasury ETF | 36,438,300 |
Schwab Long-Term U.S. Treasury ETF | 1,504,385 |
Schwab U.S. Aggregate Bond ETF | 191,909,550 |
Schwab 1-5 Year Corporate Bond ETF | 5,031,370 |
Schwab 5-10 Year Corporate Bond ETF | 6,826,280 |
Proposal – To elect each of the following individuals as trustees of the Trust: | For | Withheld |
Walter W. Bettinger II | 1,707,011,744.958 | 53,766,812.577 |
Richard A. Wurster | 1,741,778,933.018 | 18,999,624.517 |
Michael J. Beer | 1,741,911,579.511 | 18,866,978.024 |
Robert W. Burns | 1,742,002,589.714 | 18,775,967.821 |
Nancy F. Heller | 1,743,265,288.229 | 17,513,269.306 |
David L. Mahoney | 1,488,067,807.852 | 272,710,749.683 |
Jane P. Moncreiff | 1,743,396,670.121 | 17,381,887.414 |
Kiran M. Patel | 1,738,761,227.827 | 22,017,329.708 |
Kimberly S. Patmore | 1,740,654,694.664 | 20,123,862.871 |
J. Derek Penn | 1,739,737,491.136 | 21,041,066.399 |
1. | the nature, extent and quality of the services provided to each Fund under the Agreement, including the resources of the investment adviser 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 the investment adviser and its affiliates, including Charles Schwab & Co., Inc. (Schwab), with respect to each Fund, including both direct and indirect benefits accruing to the investment adviser 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. |
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. | 104 | None |
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. | 104 | None |
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. | 104 | Director (2004 – present), Corcept Therapeutics Incorporated Director (2009 – 2021), 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). | 104 | 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. | 104 | Director (2008 – present), KLA-Tencor Corporation |
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 |
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). | 104 | None |
J. Derek Penn 1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Head of Equity Sales and Trading (2006 – 2018), BNY Mellon (financial services). | 104 | None |
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) | Co-Chairman of the Board (July 2022 – present), Director and Chief Executive Officer (Oct. 2008 – present) and President (Feb. 2007 – Oct. 2021), The Charles Schwab Corporation; President and Chief Executive Officer (Oct. 2008 – Oct. 2021) and Director (May 2008 – Oct. 2021), 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), Chief Executive Officer (Aug. 2017 – present), and President (Aug. 2017 – Nov. 2021), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation; Director (July 2016 – Oct. 2021), Charles Schwab Investment Management, Inc. | 104 | Director (2008 – present), The Charles Schwab Corporation |
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) | Managing Director (Jan. 2022 – present), Chief Operating Officer (Feb. 2018 – present) and Senior Executive Vice President (Feb. 2018 – Apr. 2022), The Charles Schwab Corporation; Managing Director (May 2022 – present) and Senior Executive Vice President (July 2015 – May 2022), Charles Schwab & Co., Inc.; Director (May 2007 – present), Charles Schwab & Co., Inc.; Director (Apr. 2010 – Apr. 2020), Charles Schwab Bank, SSB; Director (Nov. 2017 – Apr. 2020), Charles Schwab Premier Bank, SSB; Director (May 2007 – present), Senior Executive Vice President (Feb. 2016 – present) and Chief Financial Officer (Feb. 2016 – Aug. 2017), Schwab Holdings, Inc.; Director (Oct. 2020 – present), TD Ameritrade Holding Corporation. | 104 | 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), Chief Operating Officer (Jan. 2021 – present), and Chief Executive Officer (Apr. 2019 – Nov. 2019), Charles Schwab Investment Management, Inc.; Senior Vice President (June 2020 – Mar. 2022) and Chief Operating Officer (Jan. 2021 – Mar. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Apr. 2019 – present), President (Nov. 2018 – present) and Trustee (Apr. 2019 – Dec. 2020), Schwab Funds, Laudus Trust and Schwab ETFs; Director (Mar. 2019 – Apr. 2022), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited; Managing Director (May 2022 – present), Senior Vice President (Apr. 2019 – May 2022) and Senior Vice President – Strategy and Product Development (CSIM) (Jan. 2014 – Mar. 2019), Charles Schwab & Co., Inc. |
Mark Fischer 1970 Treasurer, Chief Financial Officer and Chief Operating 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) and Chief Operating Officer (Dec. 2020 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc.; Director (July 2020 – Apr. 2022), Charles Schwab Worldwide Funds plc and Charles Schwab Asset Management (Ireland) Limited. |
Omar Aguilar 1970 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) | Chief Executive Officer (Jan. 2022 – present), Chief Investment Officer (Apr. 2011 – present) and Senior Vice President (Apr. 2011 – Dec. 2021), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
Brett Wander 1961 Vice President and Chief Investment Officer (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.; Vice President and Chief Investment Officer (June 2011 – present), Schwab Funds, Laudus Trust and Schwab ETFs. |
William P. McMahon, Jr. 1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) | Senior Vice President and Chief Investment Officer (Jan. 2020 – present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021 – present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018 – Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001 – Apr. 2018), ThomasPartners, Inc. |
Catherine MacGregor 1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (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) | Chief Legal Officer (Mar. 2022 – present) and Vice President (Sept. 2005 – present), Charles Schwab Investment Management, Inc.; Managing Director (May 2022 – present) and Vice President (July 2005 – May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005 – present) and Chief Legal Officer and Clerk (Mar. 2007 – present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President (Nov. 2005 – Oct. 2021) and Assistant Secretary (June 2007 – Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021 – present), Vice President and Assistant Secretary (Oct. 2009 – Oct. 2021), 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 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., the investment adviser for the trusts in the Fund Complex, and is an employee of Charles Schwab & Co., Inc. (Schwab), the principal underwriter for The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust. Mr. Martinetto is an Interested Trustee because he owns stock of CSC and is an employee and director of Schwab. |
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
Index ETF
Printed on recycled paper.
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
• | You may have to pay more money to trade the fund’s shares. This fund will provide less information to traders, who tend to charge more for trades when they have less information. |
• | The price you pay to buy fund shares on an exchange may not match the value of the fund’s portfolio. The same is true when you sell shares. These price differences may be greater for this fund compared to other ETFs because it provides less information to traders. |
• | These additional risks may be even greater in bad or uncertain market conditions. |
• | The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio. |
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. |
(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.
Item 13: Exhibits.
(a) | (1) | Code of ethics – not applicable to this semi-annual report. | ||
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached. | |||
(3) | Not applicable. | |||
(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 – Schwab Fixed-Income ETFs
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer | ||
Date: | August 16, 2022 |
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 16, 2022 |
By: | /s/ Mark Fischer | |
Mark Fischer Chief Financial Officer | ||
Date: | August 16, 2022 |