UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
Schwab Strategic Trust – Schwab Fixed-Income ETFs and Schwab Municipal Bond ETF
(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
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: December 31, 2022
Item 1: Report(s) to Shareholders.
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 |
2 | |
3 | |
4 | |
6 | |
7 | |
9 | |
11 | |
13 | |
15 | |
17 | |
19 | |
21 | |
22 | |
28 | |
34 | |
40 | |
46 | |
120 | |
149 | |
177 | |
189 | |
190 | |
191 | |
192 | |
196 |
Total Returns for the 12 Months Ended December 31, 2022 | |
Schwab U.S. TIPS ETF (Ticker Symbol: SCHP) | |
Market Price Return1 | -12.02% |
NAV Return1 | -11.96% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -11.85% |
ETF Category: Morningstar Inflation-Protected Bond2 | -8.98% |
Performance Details | pages 7-8 |
Schwab Short-Term U.S. Treasury ETF (Ticker Symbol: SCHO) | |
Market Price Return1 | -3.87% |
NAV Return1 | -3.85% |
Bloomberg US Treasury 1-3 Year Index | -3.82% |
ETF Category: Morningstar Short Government2 | -5.15% |
Performance Details | pages 9-10 |
Schwab Intermediate-Term U.S. Treasury ETF (Ticker Symbol: SCHR) | |
Market Price Return1 | -10.58% |
NAV Return1 | -10.63% |
Bloomberg US Treasury 3-10 Year Index | -10.50% |
ETF Category: Morningstar Intermediate Government2 | -11.27% |
Performance Details | pages 11-12 |
Schwab Long-Term U.S. Treasury ETF (Ticker Symbol: SCHQ) | |
Market Price Return1 | -29.45% |
NAV Return1 | -29.42% |
Bloomberg US Long Treasury Index | -29.26% |
ETF Category: Morningstar Long Government2 | -29.97% |
Performance Details | pages 13-14 |
Total Returns for the 12 Months Ended December 31, 2022 | |
Schwab U.S. Aggregate Bond ETF (Ticker Symbol: SCHZ) | |
Market Price Return1 | -13.17% |
NAV Return1 | -13.09% |
Bloomberg US Aggregate Bond Index | -13.01% |
ETF Category: Morningstar Intermediate Core Bond2 | -13.32% |
Performance Details | pages 15-16 |
Schwab 1-5 Year Corporate Bond ETF (Ticker Symbol: SCHJ) | |
Market Price Return1 | -5.73% |
NAV Return1 | -5.65% |
Bloomberg US 1-5 Year Corporate Bond Index | -5.62% |
ETF Category: Morningstar Short-Term Bond2 | -5.22% |
Performance Details | pages 17-18 |
Schwab 5-10 Year Corporate Bond ETF (Ticker Symbol: SCHI) | |
Market Price Return1 | -14.06% |
NAV Return1 | -14.00% |
Bloomberg US 5-10 Year Corporate Bond Index | -13.89% |
ETF Category: Morningstar Corporate Bond2 | -15.15% |
Performance Details | pages 19-20 |
President of Schwab Asset
Management and the funds
covered in this report.
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 for Schwab Asset Management, 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. He is primarily responsible for the management and oversight of corporate bonds within the taxable bond strategies, with additional responsibility for managing municipal bond index strategies. Mr. Hung has been a portfolio manager with Schwab Asset Management since 2005 and prior to that, served in various roles as an associate portfolio manager and trader since 1999. In 1998, he joined Charles Schwab & Co.’s management training program and worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
Mark McKissick, CFA, Senior Portfolio Manager for Schwab Asset Management, 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. He also served as a credit/security analyst from 1999 to 2005. Prior to that, he worked as a senior research analyst with Hotchkis & Wiley, a portfolio manager at Payden & Rygel, and a vice president in fixed income at Salomon Brothers. |
Alfonso Portillo, Jr., Senior Portfolio Manager for Schwab Asset Management, 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. |
Weighted Average Maturity4 | 7.1 Yrs |
Weighted Average Duration4 | 6.6 Yrs |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab U.S. TIPS ETF (8/5/10) | |||
Market Price Return2 | -12.02% | 2.01% | 1.04% |
NAV Return2 | -11.96% | 2.02% | 1.04% |
Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)SM | -11.85% | 2.11% | 1.12% |
ETF Category: Morningstar Inflation-Protected Bond3 | -8.98% | 1.82% | 0.82% |
Fund Expense Ratio4: 0.04% |
Weighted Average Maturity3 | 2.0 Yrs |
Weighted Average Duration3 | 1.9 Yrs |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Short-Term U.S. Treasury ETF (8/5/10) | |||
Market Price Return2 | -3.87% | 0.69% | 0.59% |
NAV Return2 | -3.85% | 0.69% | 0.58% |
Bloomberg US Treasury 1-3 Year Index | -3.82% | 0.74% | 0.65% |
ETF Category: Morningstar Short Government3 | -5.15% | 0.29% | 0.32% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity4 | 5.6 Yrs |
Weighted Average Duration4 | 5.2 Yrs |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab Intermediate-Term U.S. Treasury ETF (8/5/10) | |||
Market Price Return2 | -10.58% | 0.21% | 0.67% |
NAV Return2 | -10.63% | 0.19% | 0.65% |
Bloomberg US Treasury 3-10 Year Index | -10.50% | 0.27% | 0.74% |
ETF Category: Morningstar Intermediate Government3 | -11.27% | -0.41% | 0.31% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity4 | 23.2 Yrs |
Weighted Average Duration4 | 16.1 Yrs |
Fund and Inception Date | 1 Year | 3 Years | Since Inception* |
Fund: Schwab Long-Term U.S. Treasury ETF (10/10/19) | |||
Market Price Return2 | -29.45% | -7.55% | -8.55% |
NAV Return2 | -29.42% | -7.59% | -8.52% |
Bloomberg US Long Treasury Index | -29.26% | -7.40% | -8.34% |
ETF Category: Morningstar Long Government3 | -29.97% | -7.74% | N/A |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity4 | 8.5 Yrs |
Weighted Average Duration4 | 6.2 Yrs |
Fund and Inception Date | 1 Year | 5 Years | 10 Years |
Fund: Schwab U.S. Aggregate Bond ETF (7/14/11) | |||
Market Price Return2 | -13.17% | -0.08% | 0.98% |
NAV Return2 | -13.09% | -0.07% | 0.97% |
Bloomberg US Aggregate Bond Index | -13.01% | 0.02% | 1.06% |
ETF Category: Morningstar Intermediate Core Bond3 | -13.32% | -0.16% | 0.89% |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity3 | 3.1 Yrs |
Weighted Average Duration3 | 2.7 Yrs |
Fund and Inception Date | 1 Year | 3 Years | Since Inception* |
Fund: Schwab 1-5 Year Corporate Bond ETF (10/10/19) | |||
Market Price Return2 | -5.73% | -0.47% | -0.28% |
NAV Return2 | -5.65% | -0.42% | -0.24% |
Bloomberg US 1-5 Year Corporate Bond Index | -5.62% | -0.33% | -0.13% |
ETF Category: Morningstar Short-Term Bond3 | -5.22% | -0.41% | N/A |
Fund Expense Ratio4: 0.03% |
Weighted Average Maturity3 | 7.4 Yrs |
Weighted Average Duration3 | 6.2 Yrs |
Fund and Inception Date | 1 Year | 3 Years | Since Inception* |
Fund: Schwab 5-10 Year Corporate Bond ETF (10/10/19) | |||
Market Price Return2 | -14.06% | -2.54% | -2.16% |
NAV Return2 | -14.00% | -2.48% | -2.10% |
Bloomberg US 5-10 Year Corporate Bond Index | -13.89% | -2.37% | -1.97% |
ETF Category: Morningstar Corporate Bond3 | -15.15% | -2.62% | N/A |
Fund Expense Ratio4: 0.03% |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 7/1/22 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 12/31/22 | EXPENSES PAID DURING PERIOD 7/1/22-12/31/22 2 | |
Schwab U.S. TIPS ETF | ||||
Actual Return | 0.04% | $1,000.00 | $966.10 | $0.20 |
Hypothetical 5% Return | 0.04% | $1,000.00 | $1,025.00 | $0.20 |
Schwab Short-Term U.S. Treasury ETF | ||||
Actual Return | 0.03% | $1,000.00 | $991.20 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab Intermediate-Term U.S. Treasury ETF | ||||
Actual Return | 0.03% | $1,000.00 | $968.30 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab Long-Term U.S. Treasury ETF | ||||
Actual Return | 0.03% | $1,000.00 | $893.30 | $0.14 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab U.S. Aggregate Bond ETF | ||||
Actual Return | 0.03% | $1,000.00 | $968.50 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab 1-5 Year Corporate Bond ETF | ||||
Actual Return | 0.03% | $1,000.00 | $999.10 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
Schwab 5-10 Year Corporate Bond ETF | ||||
Actual Return | 0.03% | $1,000.00 | $987.00 | $0.15 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,025.05 | $0.15 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days in the period, and divided by 365 days in the fiscal year. |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $62.83 | $62.06 | $56.57 | $53.27 | $55.39 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 3.62 | 2.93 | 0.81 | 1.21 | 1.51 | |
Net realized and unrealized gains (losses) | (10.95) | 0.60 | 5.37 | 3.23 | (2.23) | |
Total from investment operations | (7.33) | 3.53 | 6.18 | 4.44 | (0.72) | |
Less distributions: | ||||||
Distributions from net investment income | (3.73) | (2.76) | (0.69) | (1.14) | (1.40) | |
Net asset value at end of period | $51.77 | $62.83 | $62.06 | $56.57 | $53.27 | |
Total return | (11.96%) | 5.80% | 10.94% | 8.36% | (1.31%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.05%2,3 | 0.05% | 0.05% | 0.05% | 0.05% | |
Net investment income (loss) | 6.34% | 4.69% | 1.36% | 2.18% | 2.80% | |
Portfolio turnover rate4 | 18% | 19% | 23% | 20% | 17% | |
Net assets, end of period (x 1,000,000) | $13,832 | $21,304 | $14,090 | $8,734 | $5,779 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.04%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.7% OF NET ASSETS | ||
U.S. Treasury Inflation Protected Securities | ||
0.63%, 01/15/24 | 523,958,730 | 513,204,425 |
0.50%, 04/15/24 | 294,216,771 | 286,316,992 |
0.13%, 07/15/24 | 475,759,198 | 460,894,435 |
0.13%, 10/15/24 | 424,356,547 | 409,047,545 |
0.25%, 01/15/25 | 435,027,764 | 417,495,797 |
2.38%, 01/15/25 | 296,489,715 | 297,053,994 |
0.13%, 04/15/25 | 347,627,667 | 331,288,437 |
0.38%, 07/15/25 | 477,079,861 | 458,442,212 |
0.13%, 10/15/25 | 422,955,913 | 402,039,432 |
0.63%, 01/15/26 | 401,616,840 | 385,567,066 |
2.00%, 01/15/26 | 191,371,855 | 191,255,328 |
0.13%, 04/15/26 | 326,760,523 | 307,169,792 |
0.13%, 07/15/26 | 400,345,698 | 377,232,740 |
0.13%, 10/15/26 | 452,041,868 | 423,958,269 |
0.38%, 01/15/27 | 372,793,801 | 351,456,389 |
2.38%, 01/15/27 | 184,980,622 | 188,651,803 |
0.13%, 04/15/27 | 461,826,731 | 430,339,200 |
0.38%, 07/15/27 | 411,026,481 | 387,518,233 |
1.63%, 10/15/27 | 460,897,627 | 460,382,850 |
0.50%, 01/15/28 | 419,761,986 | 394,976,846 |
1.75%, 01/15/28 | 173,949,482 | 174,009,164 |
3.63%, 04/15/28 | 178,071,132 | 194,310,435 |
0.75%, 07/15/28 | 365,366,981 | 348,131,195 |
0.88%, 01/15/29 | 313,375,566 | 298,575,716 |
2.50%, 01/15/29 | 160,643,356 | 167,489,157 |
3.88%, 04/15/29 | 206,804,324 | 232,448,742 |
0.25%, 07/15/29 | 370,324,628 | 339,090,894 |
0.13%, 01/15/30 | 418,232,142 | 375,825,452 |
0.13%, 07/15/30 | 463,108,581 | 414,659,597 |
0.13%, 01/15/31 | 479,337,676 | 425,383,571 |
0.13%, 07/15/31 | 489,838,764 | 432,450,136 |
0.13%, 01/15/32 | 534,601,430 | 467,993,941 |
3.38%, 04/15/32 | 74,369,619 | 85,043,578 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.63%, 07/15/32 | 554,835,173 | 508,417,274 |
2.13%, 02/15/40 | 97,351,221 | 103,121,218 |
2.13%, 02/15/41 | 140,353,390 | 148,536,232 |
0.75%, 02/15/42 | 227,542,800 | 190,686,896 |
0.63%, 02/15/43 | 178,714,789 | 144,180,461 |
1.38%, 02/15/44 | 245,795,525 | 227,815,508 |
0.75%, 02/15/45 | 270,535,373 | 218,818,533 |
1.00%, 02/15/46 | 139,309,788 | 118,359,045 |
0.88%, 02/15/47 | 170,735,216 | 139,990,960 |
1.00%, 02/15/48 | 124,097,683 | 104,150,879 |
1.00%, 02/15/49 | 116,228,075 | 97,319,824 |
0.25%, 02/15/50 | 175,706,307 | 118,592,866 |
0.13%, 02/15/51 | 176,872,913 | 114,004,356 |
0.13%, 02/15/52 | 205,050,252 | 132,281,035 |
Total Treasuries (Cost $15,959,580,939) | 13,795,978,450 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (a) | 61,322 | 61,322 |
Total Short-Term Investments (Cost $61,322) | 61,322 | |
Total Investments in Securities (Cost $15,959,642,261) | 13,796,039,772 |
(a) | The rate shown is the annualized 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 | ||||
Treasuries1 | $— | $13,795,978,450 | $— | $13,795,978,450 |
Short-Term Investments1 | 61,322 | — | — | 61,322 |
Total | $61,322 | $13,795,978,450 | $— | $13,796,039,772 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $15,959,642,261) | $13,796,039,772 | |
Receivables: | ||
Investments sold | 215,868,986 | |
Fund shares sold | 150,127,845 | |
Interest | 36,686,010 | |
Dividends | + | 75,844 |
Total assets | 14,198,798,457 | |
Liabilities | ||
Payables: | ||
Investments bought | 366,009,727 | |
Management fees | + | 476,967 |
Total liabilities | 366,486,694 | |
Net assets | $13,832,311,763 | |
Net Assets by Source | ||
Capital received from investors | $16,373,347,727 | |
Total distributable loss | + | (2,541,035,964) |
Net assets | $13,832,311,763 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$13,832,311,763 | 267,200,000 | $51.77 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $1,078,622,103 | |
Dividends received from securities - unaffiliated | + | 252,472 |
Total investment income | 1,078,874,575 | |
Expenses | ||
Management fees | 7,706,240 | |
Proxy fees1 | + | 532,348 |
Total expenses | – | 8,238,588 |
Net investment income | 1,070,635,987 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (384,617,378) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (2,021,615) |
Net realized losses | (386,638,993) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (2,910,566,700) |
Net realized and unrealized losses | (3,297,205,693) | |
Decrease in net assets resulting from operations | ($2,226,569,706) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $1,070,635,987 | $856,417,676 | |
Net realized gains (losses) | (386,638,993) | 439,588,857 | |
Net change in unrealized appreciation (depreciation) | + | (2,910,566,700) | (200,941,689) |
Increase (decrease) in net assets resulting from operations | ($2,226,569,706) | $1,095,064,844 | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($1,069,955,140) | ($852,013,180) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 120,550,000 | $7,032,380,314 | 203,700,000 | $12,711,611,994 | |
Shares redeemed | + | (192,400,000) | (11,207,272,315) | (91,700,000) | (5,740,942,233) |
Net transactions in fund shares | (71,850,000) | ($4,174,892,001) | 112,000,000 | $6,970,669,761 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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) | + | (71,850,000) | (7,471,416,847) | 112,000,000 | 7,213,721,425 |
End of period | 267,200,000 | $13,832,311,763 | 339,050,000 | $21,303,728,610 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.84 | $51.39 | $50.48 | $49.88 | $50.03 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 0.68 | 0.21 | 0.65 | 1.14 | 0.94 | |
Net realized and unrealized gains (losses) | (2.64) | (0.55) | 0.91 | 0.60 | (0.20)2 | |
Total from investment operations | (1.96) | (0.34) | 1.56 | 1.74 | 0.74 | |
Less distributions: | ||||||
Distributions from net investment income | (0.64) | (0.21) | (0.65) | (1.14) | (0.89) | |
Net asset value at end of period | $48.24 | $50.84 | $51.39 | $50.48 | $49.88 | |
Total return | (3.85%) | (0.66%) | 3.11% | 3.53% | 1.50% | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%3,4 | 0.05%5 | 0.05% | 0.06%6 | 0.06% | |
Net investment income (loss) | 1.39% | 0.41% | 1.26% | 2.27% | 1.89% | |
Portfolio turnover rate7 | 106% | 73% | 74% | 77% | 65% | |
Net assets, end of period (x 1,000,000) | $10,256 | $8,956 | $7,508 | $5,263 | $4,255 |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values. |
3 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.5% OF NET ASSETS | ||
Bonds | ||
7.50%, 11/15/24 | 10,318,000 | 10,880,867 |
7.63%, 02/15/25 | 9,738,000 | 10,361,915 |
6.88%, 08/15/25 | 10,494,000 | 11,149,550 |
Notes | ||
0.13%, 01/15/24 | 140,138,600 | 133,632,175 |
0.88%, 01/31/24 | 159,272,000 | 152,854,055 |
2.25%, 01/31/24 | 75,160,000 | 73,210,395 |
2.50%, 01/31/24 | 91,215,000 | 89,089,453 |
0.13%, 02/15/24 | 175,548,000 | 166,845,524 |
2.75%, 02/15/24 | 142,581,000 | 139,514,696 |
1.50%, 02/29/24 | 158,235,000 | 152,560,424 |
2.13%, 02/29/24 | 69,374,000 | 67,363,097 |
2.38%, 02/29/24 | 67,311,000 | 65,568,937 |
0.25%, 03/15/24 | 166,449,000 | 157,898,498 |
2.13%, 03/31/24 | 127,362,000 | 123,423,954 |
2.25%, 03/31/24 | 150,630,000 | 146,163,745 |
0.38%, 04/15/24 | 116,167,000 | 109,949,905 |
2.00%, 04/30/24 | 73,670,000 | 71,124,480 |
2.25%, 04/30/24 | 107,528,000 | 104,144,416 |
2.50%, 04/30/24 | 147,584,000 | 143,395,433 |
0.25%, 05/15/24 | 149,170,000 | 140,434,918 |
2.50%, 05/15/24 | 170,529,000 | 165,529,346 |
2.00%, 05/31/24 | 122,991,000 | 118,520,277 |
2.50%, 05/31/24 | 136,531,000 | 132,472,125 |
0.25%, 06/15/24 | 151,727,000 | 142,439,153 |
1.75%, 06/30/24 | 98,357,000 | 94,284,155 |
2.00%, 06/30/24 | 70,522,000 | 67,838,687 |
3.00%, 06/30/24 | 139,327,000 | 136,006,838 |
0.38%, 07/15/24 | 125,581,000 | 117,687,619 |
1.75%, 07/31/24 | 101,092,000 | 96,718,325 |
2.13%, 07/31/24 | 66,600,000 | 64,081,528 |
3.00%, 07/31/24 | 135,182,000 | 131,860,281 |
0.38%, 08/15/24 | 151,075,000 | 141,189,694 |
2.38%, 08/15/24 | 180,468,000 | 174,218,177 |
1.25%, 08/31/24 | 90,310,000 | 85,522,595 |
1.88%, 08/31/24 | 75,211,000 | 71,957,049 |
3.25%, 08/31/24 | 131,563,000 | 128,839,001 |
0.38%, 09/15/24 | 172,851,000 | 161,135,678 |
1.50%, 09/30/24 | 93,996,000 | 89,294,094 |
2.13%, 09/30/24 | 65,000,000 | 62,392,220 |
4.25%, 09/30/24 | 125,140,000 | 124,511,710 |
0.63%, 10/15/24 | 168,329,000 | 157,248,946 |
1.50%, 10/31/24 | 97,651,000 | 92,554,555 |
2.25%, 10/31/24 | 52,669,000 | 50,603,259 |
4.38%, 10/31/24 | 126,456,000 | 126,105,148 |
0.75%, 11/15/24 | 160,359,000 | 149,731,528 |
2.25%, 11/15/24 | 174,599,000 | 167,737,382 |
1.50%, 11/30/24 | 103,543,000 | 97,985,340 |
2.13%, 11/30/24 | 75,822,000 | 72,603,811 |
4.50%, 11/30/24 | 126,360,000 | 126,384,564 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.00%, 12/15/24 | 161,621,000 | 151,295,503 |
1.75%, 12/31/24 | 93,979,000 | 89,240,175 |
2.25%, 12/31/24 | 77,182,000 | 73,997,092 |
4.25%, 12/31/24 | 125,000,000 | 124,592,242 |
1.13%, 01/15/25 | 155,051,000 | 145,150,001 |
1.38%, 01/31/25 | 88,293,000 | 83,007,260 |
2.50%, 01/31/25 | 79,282,000 | 76,297,635 |
1.50%, 02/15/25 | 148,498,000 | 139,811,951 |
2.00%, 02/15/25 | 159,165,000 | 151,514,846 |
1.13%, 02/28/25 | 97,253,000 | 90,831,890 |
2.75%, 02/28/25 | 79,252,000 | 76,616,451 |
1.75%, 03/15/25 | 144,210,000 | 136,317,271 |
0.50%, 03/31/25 | 115,261,000 | 105,932,674 |
2.63%, 03/31/25 | 47,559,000 | 45,846,177 |
2.63%, 04/15/25 | 138,238,000 | 133,060,489 |
0.38%, 04/30/25 | 125,998,000 | 115,078,824 |
2.88%, 04/30/25 | 73,299,000 | 70,969,345 |
2.13%, 05/15/25 | 153,348,000 | 145,815,715 |
2.75%, 05/15/25 | 135,446,000 | 130,644,710 |
0.25%, 05/31/25 | 119,172,000 | 108,208,128 |
2.88%, 05/31/25 | 67,464,000 | 65,246,917 |
2.88%, 06/15/25 | 131,537,000 | 127,138,074 |
0.25%, 06/30/25 | 130,388,000 | 118,164,738 |
2.75%, 06/30/25 | 52,828,000 | 50,908,981 |
3.00%, 07/15/25 | 128,700,000 | 124,703,595 |
0.25%, 07/31/25 | 137,284,000 | 123,917,151 |
2.88%, 07/31/25 | 63,930,000 | 61,787,993 |
2.00%, 08/15/25 | 165,483,000 | 156,319,859 |
3.13%, 08/15/25 | 125,334,000 | 121,722,864 |
0.25%, 08/31/25 | 132,370,000 | 119,121,179 |
2.75%, 08/31/25 | 66,205,000 | 63,677,280 |
3.50%, 09/15/25 | 123,902,000 | 121,480,707 |
0.25%, 09/30/25 | 153,806,000 | 138,161,269 |
3.00%, 09/30/25 | 66,563,000 | 64,365,695 |
4.25%, 10/15/25 | 118,702,000 | 118,660,526 |
0.25%, 10/31/25 | 161,845,000 | 144,827,872 |
3.00%, 10/31/25 | 58,664,000 | 56,696,163 |
2.25%, 11/15/25 | 172,592,000 | 163,459,864 |
4.50%, 11/15/25 | 120,136,000 | 120,926,351 |
0.38%, 11/30/25 | 154,032,000 | 137,903,263 |
2.88%, 11/30/25 | 71,792,000 | 69,129,543 |
4.00%, 12/15/25 | 120,000,000 | 119,254,687 |
0.38%, 12/31/25 | 164,000,000 | 146,642,486 |
2.63%, 12/31/25 | 65,000,000 | 62,183,479 |
Total Treasuries (Cost $10,437,408,603) | 10,207,648,437 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS | ||
Money Market Funds 0.1% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (a) | 5,631,829 | 5,631,829 |
Total Short-Term Investments (Cost $5,631,829) | 5,631,829 | |
Total Investments in Securities (Cost $10,443,040,432) | 10,213,280,266 |
(a) | The rate shown is the annualized 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 | ||||
Treasuries1 | $— | $10,207,648,437 | $— | $10,207,648,437 |
Short-Term Investments1 | 5,631,829 | — | — | 5,631,829 |
Total | $5,631,829 | $10,207,648,437 | $— | $10,213,280,266 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $10,443,040,432) | $10,213,280,266 | |
Receivables: | ||
Investments sold | 468,892,353 | |
Interest | 52,484,040 | |
Fund shares sold | 36,187,663 | |
Dividends | + | 23,011 |
Total assets | 10,770,867,333 | |
Liabilities | ||
Payables: | ||
Investments bought | 512,250,108 | |
Fund shares redeemed | 2,412,108 | |
Management fees | + | 256,181 |
Total liabilities | 514,918,397 | |
Net assets | $10,255,948,936 | |
Net Assets by Source | ||
Capital received from investors | $10,767,367,195 | |
Total distributable loss | + | (511,418,259) |
Net assets | $10,255,948,936 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$10,255,948,936 | 212,600,000 | $48.24 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $129,864,092 | |
Dividends received from securities - unaffiliated | + | 81,738 |
Total investment income | 129,945,830 | |
Expenses | ||
Management fees | 3,146,855 | |
Proxy fees1 | + | 221,793 |
Total expenses | – | 3,368,648 |
Net investment income | 126,577,182 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (275,641,999) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (19,945,091) |
Net realized losses | (295,587,090) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (170,555,069) |
Net realized and unrealized losses | (466,142,159) | |
Decrease in net assets resulting from operations | ($339,564,977) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $126,577,182 | $34,884,979 | |
Net realized gains (losses) | (295,587,090) | 32,936,548 | |
Net change in unrealized appreciation (depreciation) | + | (170,555,069) | (127,210,855) |
Decrease in net assets from operations | ($339,564,977) | ($59,389,328) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($125,786,895) | ($34,862,540) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 102,900,000 | $5,050,820,539 | 137,050,000 | $7,021,323,331 | |
Shares redeemed | + | (66,450,000) | (3,285,327,283) | (107,000,000) | (5,479,187,668) |
Net transactions in fund shares | 36,450,000 | $1,765,493,256 | 30,050,000 | $1,542,135,663 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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 | + | 36,450,000 | 1,300,141,384 | 30,050,000 | 1,447,883,795 |
End of period | 212,600,000 | $10,255,948,936 | 176,150,000 | $8,955,807,552 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $56.16 | $58.21 | $54.97 | $52.89 | $53.35 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.12 | 0.55 | 0.94 | 1.28 | 1.21 | |
Net realized and unrealized gains (losses) | (7.06) | (2.04) | 3.24 | 2.07 | (0.55)2 | |
Total from investment operations | (5.94) | (1.49) | 4.18 | 3.35 | 0.66 | |
Less distributions: | ||||||
Distributions from net investment income | (1.00) | (0.56) | (0.94) | (1.27) | (1.12) | |
Net asset value at end of period | $49.22 | $56.16 | $58.21 | $54.97 | $52.89 | |
Total return | (10.63%) | (2.57%) | 7.62% | 6.38% | 1.28% | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%3,4 | 0.05%5 | 0.05% | 0.06%6 | 0.06% | |
Net investment income (loss) | 2.18% | 0.97% | 1.63% | 2.35% | 2.34% | |
Portfolio turnover rate7 | 88% | 56% | 51% | 38% | 41% | |
Net assets, end of period (x 1,000,000) | $7,555 | $3,712 | $3,953 | $4,736 | $3,480 |
1 | Calculated based on the average shares outstanding during the period. |
2 | The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of fund transactions in relation to fluctuating market values. |
3 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
4 | Ratio includes less than 0.005% of non-routine proxy expenses. |
5 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
6 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
7 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.5% OF NET ASSETS | ||
Bonds | ||
6.00%, 02/15/26 | 10,303,000 | 10,837,102 |
6.75%, 08/15/26 | 6,324,000 | 6,867,203 |
6.50%, 11/15/26 | 6,623,000 | 7,176,478 |
6.63%, 02/15/27 | 3,562,000 | 3,894,918 |
6.38%, 08/15/27 | 4,716,000 | 5,165,200 |
6.13%, 11/15/27 | 12,640,000 | 13,797,279 |
5.50%, 08/15/28 | 7,074,000 | 7,575,643 |
5.25%, 11/15/28 | 12,589,000 | 13,353,974 |
5.25%, 02/15/29 | 7,240,000 | 7,695,820 |
6.13%, 08/15/29 | 6,564,000 | 7,347,444 |
6.25%, 05/15/30 | 10,334,000 | 11,803,493 |
5.38%, 02/15/31 | 12,710,000 | 13,965,376 |
2.75%, 08/15/32 | 158,033,000 | 143,870,146 |
Notes | ||
1.63%, 02/15/26 | 87,344,000 | 80,857,249 |
0.50%, 02/28/26 | 121,984,000 | 108,769,412 |
2.50%, 02/28/26 | 45,313,000 | 43,061,320 |
0.75%, 03/31/26 | 96,386,000 | 86,460,767 |
2.25%, 03/31/26 | 91,986,000 | 86,736,341 |
0.75%, 04/30/26 | 93,866,000 | 83,966,000 |
2.38%, 04/30/26 | 33,955,000 | 32,090,307 |
1.63%, 05/15/26 | 84,627,000 | 77,936,576 |
0.75%, 05/31/26 | 98,263,000 | 87,688,555 |
2.13%, 05/31/26 | 45,893,000 | 42,955,187 |
0.88%, 06/30/26 | 85,687,000 | 76,650,423 |
1.88%, 06/30/26 | 41,448,000 | 38,464,610 |
0.63%, 07/31/26 | 90,166,000 | 79,699,269 |
1.88%, 07/31/26 | 52,459,000 | 48,549,976 |
1.50%, 08/15/26 | 88,844,000 | 81,054,247 |
0.75%, 08/31/26 | 100,927,000 | 89,400,783 |
1.38%, 08/31/26 | 39,137,000 | 35,500,707 |
0.88%, 09/30/26 | 93,681,000 | 83,235,259 |
1.63%, 09/30/26 | 29,860,000 | 27,335,439 |
1.13%, 10/31/26 | 95,116,000 | 85,101,512 |
1.63%, 10/31/26 | 34,893,000 | 31,862,648 |
2.00%, 11/15/26 | 83,174,000 | 76,932,099 |
1.25%, 11/30/26 | 96,421,000 | 86,544,549 |
1.63%, 11/30/26 | 34,297,000 | 31,287,754 |
1.25%, 12/31/26 | 95,409,000 | 85,480,100 |
1.75%, 12/31/26 | 35,819,000 | 32,805,132 |
1.50%, 01/31/27 | 123,766,000 | 111,795,476 |
2.25%, 02/15/27 | 75,450,000 | 70,236,707 |
1.13%, 02/28/27 | 21,850,000 | 19,437,168 |
1.88%, 02/28/27 | 86,477,000 | 79,228,299 |
0.63%, 03/31/27 | 36,501,000 | 31,689,007 |
2.50%, 03/31/27 | 81,523,000 | 76,559,497 |
0.50%, 04/30/27 | 52,320,000 | 45,073,256 |
2.75%, 04/30/27 | 77,194,000 | 73,203,178 |
2.38%, 05/15/27 | 89,940,000 | 83,884,915 |
0.50%, 05/31/27 | 43,032,000 | 36,918,909 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.63%, 05/31/27 | 77,421,000 | 73,013,515 |
0.50%, 06/30/27 | 50,861,000 | 43,530,602 |
3.25%, 06/30/27 | 76,034,000 | 73,565,427 |
0.38%, 07/31/27 | 66,604,000 | 56,541,574 |
2.75%, 07/31/27 | 69,590,000 | 65,876,177 |
2.25%, 08/15/27 | 70,670,000 | 65,402,279 |
0.50%, 08/31/27 | 54,305,000 | 46,234,479 |
3.13%, 08/31/27 | 72,470,000 | 69,743,831 |
0.38%, 09/30/27 | 81,539,000 | 68,793,712 |
4.13%, 09/30/27 | 71,846,000 | 72,144,269 |
0.50%, 10/31/27 | 67,735,000 | 57,330,172 |
4.13%, 10/31/27 | 68,125,000 | 68,408,182 |
2.25%, 11/15/27 | 69,650,000 | 64,222,238 |
0.63%, 11/30/27 | 82,712,000 | 70,297,599 |
3.88%, 11/30/27 | 67,149,000 | 66,811,852 |
0.63%, 12/31/27 | 82,239,000 | 69,725,506 |
3.88%, 12/31/27 | 70,000,000 | 69,604,180 |
0.75%, 01/31/28 | 100,978,000 | 85,940,831 |
2.75%, 02/15/28 | 92,298,000 | 86,829,630 |
1.13%, 02/29/28 | 103,429,000 | 89,607,131 |
1.25%, 03/31/28 | 92,911,000 | 80,836,184 |
1.25%, 04/30/28 | 101,088,000 | 87,780,927 |
2.88%, 05/15/28 | 107,221,000 | 101,271,586 |
1.25%, 05/31/28 | 94,012,000 | 81,464,002 |
1.25%, 06/30/28 | 93,221,000 | 80,647,706 |
1.00%, 07/31/28 | 101,245,000 | 86,122,004 |
2.88%, 08/15/28 | 103,428,000 | 97,451,258 |
1.13%, 08/31/28 | 100,046,000 | 85,512,768 |
1.25%, 09/30/28 | 94,976,000 | 81,632,233 |
1.38%, 10/31/28 | 90,456,000 | 78,161,012 |
3.13%, 11/15/28 | 94,666,000 | 90,313,437 |
1.50%, 11/30/28 | 89,962,000 | 78,159,705 |
1.38%, 12/31/28 | 91,238,000 | 78,705,320 |
1.75%, 01/31/29 | 86,340,000 | 75,920,644 |
2.63%, 02/15/29 | 96,950,000 | 89,712,605 |
1.88%, 02/28/29 | 81,310,000 | 72,050,653 |
2.38%, 03/31/29 | 72,746,000 | 66,255,580 |
2.88%, 04/30/29 | 71,434,000 | 66,939,216 |
2.38%, 05/15/29 | 81,487,000 | 74,127,901 |
2.75%, 05/31/29 | 69,423,000 | 64,531,442 |
3.25%, 06/30/29 | 63,284,000 | 60,585,709 |
2.63%, 07/31/29 | 58,122,000 | 53,563,608 |
1.63%, 08/15/29 | 76,728,000 | 66,609,411 |
3.13%, 08/31/29 | 56,842,000 | 53,996,541 |
3.88%, 09/30/29 | 59,188,000 | 58,792,263 |
4.00%, 10/31/29 | 54,405,000 | 54,458,061 |
1.75%, 11/15/29 | 51,042,000 | 44,566,460 |
3.88%, 11/30/29 | 55,198,000 | 54,855,176 |
3.88%, 12/31/29 | 57,000,000 | 56,671,214 |
1.50%, 02/15/30 | 94,083,000 | 80,206,557 |
0.63%, 05/15/30 | 129,499,000 | 102,567,274 |
0.63%, 08/15/30 | 164,807,000 | 129,799,224 |
0.88%, 11/15/30 | 174,352,000 | 139,484,250 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.13%, 02/15/31 | 169,835,000 | 138,539,301 |
1.63%, 05/15/31 | 166,588,000 | 140,278,824 |
1.25%, 08/15/31 | 183,012,000 | 148,619,378 |
1.38%, 11/15/31 | 180,299,000 | 146,846,883 |
1.88%, 02/15/32 | 160,690,000 | 136,299,235 |
2.88%, 05/15/32 | 166,870,000 | 153,862,717 |
4.13%, 11/15/32 | 108,847,000 | 111,025,605 |
Total Treasuries (Cost $7,936,211,802) | 7,514,649,769 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (a) | 53,564 | 53,564 |
Total Short-Term Investments (Cost $53,564) | 53,564 | |
Total Investments in Securities (Cost $7,936,265,366) | 7,514,703,333 |
(a) | The rate shown is the annualized 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 | ||||
Treasuries1 | $— | $7,514,649,769 | $— | $7,514,649,769 |
Short-Term Investments1 | 53,564 | — | — | 53,564 |
Total | $53,564 | $7,514,649,769 | $— | $7,514,703,333 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $7,936,265,366) | $7,514,703,333 | |
Receivables: | ||
Investments sold | 244,463,921 | |
Interest | 39,469,132 | |
Dividends | + | 16,058 |
Total assets | 7,798,652,444 | |
Liabilities | ||
Payables: | ||
Investments bought | 243,086,701 | |
Management fees | 196,382 | |
Due to custodian | + | 2,519 |
Total liabilities | 243,285,602 | |
Net assets | $7,555,366,842 | |
Net Assets by Source | ||
Capital received from investors | $8,349,496,967 | |
Total distributable loss | + | (794,130,125) |
Net assets | $7,555,366,842 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$7,555,366,842 | 153,500,000 | $49.22 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $143,063,152 | |
Dividends received from securities - unaffiliated | + | 126,638 |
Total investment income | 143,189,790 | |
Expenses | ||
Management fees | 2,183,806 | |
Proxy fees1 | + | 121,629 |
Total expenses | – | 2,305,435 |
Net investment income | 140,884,355 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (354,736,064) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (18,720,420) |
Net realized losses | (373,456,484) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (373,736,025) |
Net realized and unrealized losses | (747,192,509) | |
Decrease in net assets resulting from operations | ($606,308,154) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $140,884,355 | $36,405,306 | |
Net realized gains (losses) | (373,456,484) | 29,699,817 | |
Net change in unrealized appreciation (depreciation) | + | (373,736,025) | (174,720,996) |
Decrease in net assets from operations | ($606,308,154) | ($108,615,873) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($140,863,160) | ($36,438,300) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 139,150,000 | $7,219,464,611 | 51,000,000 | $2,902,018,922 | |
Shares redeemed | + | (51,750,000) | (2,628,923,902) | (52,800,000) | (2,997,677,163) |
Net transactions in fund shares | 87,400,000 | $4,590,540,709 | (1,800,000) | ($95,658,241) | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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) | + | 87,400,000 | 3,843,369,395 | (1,800,000) | (240,712,414) |
End of period | 153,500,000 | $7,555,366,842 | 66,100,000 | $3,711,997,447 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/191– 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 | 1.12 | 0.86 | 0.86 | 0.22 | ||
Net realized and unrealized gains (losses) | (16.08) | (3.60) | 7.50 | (2.67) | ||
Total from investment operations | (14.96) | (2.74) | 8.36 | (2.45) | ||
Less distributions: | ||||||
Distributions from net investment income | (1.02) | (0.87) | (0.83) | (0.21) | ||
Net asset value at end of period | $35.28 | $51.26 | $54.87 | $47.34 | ||
Total return | (29.42%) | (4.96%) | 17.64% | (4.91%)3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%4,5 | 0.05%6 | 0.05% | 0.06%7,8 | ||
Net investment income (loss) | 2.83% | 1.70% | 1.55% | 2.07%7 | ||
Portfolio turnover rate9 | 41% | 68% | 45% | 3%3 | ||
Net assets, end of period (x 1,000) | $188,739 | $99,948 | $90,535 | $18,935 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
7 | Annualized. |
8 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
9 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TREASURIES 99.2% OF NET ASSETS | ||
Bonds | ||
4.50%, 02/15/36 | 844,400 | 902,653 |
4.75%, 02/15/37 | 500,400 | 547,649 |
5.00%, 05/15/37 | 647,600 | 724,353 |
4.38%, 02/15/38 | 680,800 | 714,629 |
4.50%, 05/15/38 | 771,100 | 820,401 |
3.50%, 02/15/39 | 790,000 | 743,680 |
4.25%, 05/15/39 | 1,173,200 | 1,210,135 |
4.50%, 08/15/39 | 1,251,900 | 1,329,262 |
4.38%, 11/15/39 | 1,347,100 | 1,407,649 |
4.63%, 02/15/40 | 1,357,100 | 1,460,404 |
1.13%, 05/15/40 | 4,066,800 | 2,550,144 |
4.38%, 05/15/40 | 1,314,600 | 1,369,415 |
1.13%, 08/15/40 | 4,967,300 | 3,093,053 |
3.88%, 08/15/40 | 1,306,800 | 1,276,352 |
1.38%, 11/15/40 | 5,528,800 | 3,597,172 |
4.25%, 11/15/40 | 1,297,600 | 1,327,519 |
1.88%, 02/15/41 | 6,697,000 | 4,737,552 |
4.75%, 02/15/41 | 1,376,300 | 1,499,209 |
2.25%, 05/15/41 | 5,769,600 | 4,337,772 |
4.38%, 05/15/41 | 1,270,800 | 1,318,706 |
1.75%, 08/15/41 | 7,559,200 | 5,178,969 |
3.75%, 08/15/41 | 1,285,400 | 1,222,020 |
2.00%, 11/15/41 | 6,354,200 | 4,544,305 |
3.13%, 11/15/41 | 1,348,600 | 1,165,975 |
2.38%, 02/15/42 | 5,141,100 | 3,925,686 |
3.13%, 02/15/42 | 1,427,800 | 1,231,219 |
3.00%, 05/15/42 | 1,327,800 | 1,117,772 |
3.25%, 05/15/42 | 4,538,000 | 3,980,737 |
2.75%, 08/15/42 | 1,551,700 | 1,250,146 |
3.38%, 08/15/42 | 3,931,600 | 3,513,292 |
2.75%, 11/15/42 | 2,251,200 | 1,808,006 |
4.00%, 11/15/42 | 2,698,600 | 2,641,534 |
3.13%, 02/15/43 | 1,931,100 | 1,649,262 |
2.88%, 05/15/43 | 3,055,500 | 2,499,439 |
3.63%, 08/15/43 | 2,192,400 | 2,019,608 |
3.75%, 11/15/43 | 2,231,400 | 2,093,956 |
3.63%, 02/15/44 | 2,375,700 | 2,183,743 |
3.38%, 05/15/44 | 2,201,800 | 1,943,507 |
3.13%, 08/15/44 | 2,835,300 | 2,399,079 |
3.00%, 11/15/44 | 2,482,100 | 2,054,189 |
2.50%, 02/15/45 | 3,295,900 | 2,489,099 |
3.00%, 05/15/45 | 1,612,200 | 1,331,563 |
2.88%, 08/15/45 | 2,194,000 | 1,770,636 |
3.00%, 11/15/45 | 1,295,900 | 1,068,863 |
2.50%, 02/15/46 | 2,667,600 | 2,001,797 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 05/15/46 | 2,701,100 | 2,022,723 |
2.25%, 08/15/46 | 3,334,300 | 2,370,243 |
2.88%, 11/15/46 | 1,502,700 | 1,208,047 |
3.00%, 02/15/47 | 2,969,100 | 2,438,330 |
3.00%, 05/15/47 | 2,286,800 | 1,877,460 |
2.75%, 08/15/47 | 3,262,300 | 2,557,735 |
2.75%, 11/15/47 | 3,290,000 | 2,579,452 |
3.00%, 02/15/48 | 3,761,300 | 3,095,357 |
3.13%, 05/15/48 | 4,038,400 | 3,405,922 |
3.00%, 08/15/48 | 4,425,600 | 3,647,910 |
3.38%, 11/15/48 | 4,537,600 | 4,018,410 |
3.00%, 02/15/49 | 4,777,200 | 3,951,884 |
2.88%, 05/15/49 | 4,667,800 | 3,770,365 |
2.25%, 08/15/49 | 4,393,300 | 3,104,890 |
2.38%, 11/15/49 | 4,126,900 | 3,000,306 |
2.00%, 02/15/50 | 5,186,400 | 3,441,293 |
1.25%, 05/15/50 | 6,025,400 | 3,257,794 |
1.38%, 08/15/50 | 6,790,800 | 3,796,099 |
1.63%, 11/15/50 | 6,719,800 | 4,020,569 |
1.88%, 02/15/51 | 7,495,200 | 4,783,821 |
2.38%, 05/15/51 | 7,551,600 | 5,438,273 |
2.00%, 08/15/51 | 7,471,600 | 4,912,701 |
1.88%, 11/15/51 | 6,956,400 | 4,424,739 |
2.25%, 02/15/52 | 6,354,100 | 4,436,135 |
2.88%, 05/15/52 | 6,050,200 | 4,866,221 |
3.00%, 08/15/52 | 5,747,400 | 4,758,954 |
4.00%, 11/15/52 | 3,898,000 | 3,914,123 |
Total Treasuries (Cost $205,154,022) | 187,151,867 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.0% OF NET ASSETS | ||
Money Market Funds 0.0% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (a) | 218 | 218 |
Total Short-Term Investments (Cost $218) | 218 | |
Total Investments in Securities (Cost $205,154,240) | 187,152,085 |
(a) | The rate shown is the annualized 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 | ||||
Treasuries1 | $— | $187,151,867 | $— | $187,151,867 |
Short-Term Investments1 | 218 | — | — | 218 |
Total | $218 | $187,151,867 | $— | $187,152,085 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $205,154,240) | $187,152,085 | |
Receivables: | ||
Investments sold | 2,930,287 | |
Interest | 1,589,084 | |
Dividends | + | 422 |
Total assets | 191,671,878 | |
Liabilities | ||
Payables: | ||
Investments bought | 2,928,039 | |
Management fees | + | 4,909 |
Total liabilities | 2,932,948 | |
Net assets | $188,738,930 | |
Net Assets by Source | ||
Capital received from investors | $219,816,732 | |
Total distributable loss | + | (31,077,802) |
Net assets | $188,738,930 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$188,738,930 | 5,350,000 | $35.28 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $2,918,917 | |
Dividends received from securities - unaffiliated | + | 3,813 |
Total investment income | 2,922,730 | |
Expenses | ||
Management fees | 34,566 | |
Proxy fees1 | + | 1,969 |
Total expenses | – | 36,535 |
Net investment income | 2,886,195 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (14,008,923) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (913,175) |
Net realized losses | (14,922,098) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (16,768,720) |
Net realized and unrealized losses | (31,690,818) | |
Decrease in net assets resulting from operations | ($28,804,623) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $2,886,195 | $1,498,221 | |
Net realized losses | (14,922,098) | (6,707,595) | |
Net change in unrealized appreciation (depreciation) | + | (16,768,720) | (1,537,862) |
Decrease in net assets from operations | ($28,804,623) | ($6,747,236) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($2,856,565) | ($1,504,385) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 5,450,000 | $203,105,803 | 2,200,000 | $112,232,468 | |
Shares redeemed | + | (2,050,000) | (82,653,392) | (1,900,000) | (94,568,490) |
Net transactions in fund shares | 3,400,000 | $120,452,411 | 300,000 | $17,663,978 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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 | + | 3,400,000 | 88,791,223 | 300,000 | 9,412,357 |
End of period | 5,350,000 | $188,738,930 | 1,950,000 | $99,947,707 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 1/1/19– 12/31/19 | 1/1/18– 12/31/18 | ||
Per-Share Data | ||||||
Net asset value at beginning of period | $53.91 | $56.05 | $53.43 | $50.59 | $52.07 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)1 | 1.11 | 0.96 | 1.19 | 1.43 | 1.35 | |
Net realized and unrealized gains (losses) | (8.12) | (1.93) | 2.79 | 2.90 | (1.42) | |
Total from investment operations | (7.01) | (0.97) | 3.98 | 4.33 | (0.07) | |
Less distributions: | ||||||
Distributions from net investment income | (1.20) | (1.17) | (1.36) | (1.49) | (1.41) | |
Net asset value at end of period | $45.70 | $53.91 | $56.05 | $53.43 | $50.59 | |
Total return | (13.09%) | (1.74%) | 7.50% | 8.64% | (0.09%) | |
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%2,3 | 0.04% | 0.04% | 0.04% | 0.04% | |
Net investment income (loss) | 2.29% | 1.76% | 2.14% | 2.71% | 2.67% | |
Portfolio turnover rate4,5 | 53% | 48% | 68% | 63% | 71% | |
Net assets, end of period (x 1,000,000) | $6,805 | $9,074 | $8,733 | $7,384 | $5,545 |
1 | Calculated based on the average shares outstanding during the period. |
2 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
3 | Ratio includes less than 0.005% of non-routine proxy expenses. |
4 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
5 | Includes to-be-announced (TBA) transactions. (see financial note 2) |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 23.9% OF NET ASSETS | ||
Financial Institutions 8.1% | ||
Banking 5.7% | ||
Ally Financial, Inc. | ||
3.88%, 05/21/24 (a) | 350,000 | 341,426 |
5.13%, 09/30/24 | 200,000 | 198,336 |
4.63%, 03/30/25 | 250,000 | 244,659 |
5.80%, 05/01/25 (a) | 250,000 | 249,179 |
2.20%, 11/02/28 (a) | 150,000 | 117,410 |
8.00%, 11/01/31 | 1,000,000 | 1,035,969 |
American Express Co. | ||
3.40%, 02/22/24 (a) | 475,000 | 466,762 |
3.38%, 05/03/24 | 500,000 | 490,194 |
2.50%, 07/30/24 (a) | 550,000 | 529,442 |
3.00%, 10/30/24 (a) | 600,000 | 581,019 |
2.25%, 03/04/25 (a) | 675,000 | 638,237 |
3.95%, 08/01/25 (a) | 600,000 | 588,278 |
4.20%, 11/06/25 (a) | 400,000 | 395,645 |
3.13%, 05/20/26 (a) | 50,000 | 47,191 |
1.65%, 11/04/26 (a) | 250,000 | 221,835 |
2.55%, 03/04/27 (a) | 575,000 | 523,973 |
3.30%, 05/03/27 (a) | 700,000 | 656,000 |
5.85%, 11/05/27 (a) | 300,000 | 312,086 |
4.05%, 05/03/29 (a) | 300,000 | 286,868 |
4.99%, 05/26/33 (a)(b) | 250,000 | 241,542 |
4.05%, 12/03/42 | 150,000 | 129,020 |
American Express Credit Corp. | ||
3.30%, 05/03/27 (a) | 50,000 | 47,404 |
Australia & New Zealand Banking Group Ltd. | ||
5.09%, 12/08/25 | 250,000 | 251,013 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
1.13%, 09/18/25 | 200,000 | 179,134 |
5.86%, 09/14/26 (a)(b) | 200,000 | 199,943 |
6.14%, 09/14/28 (a)(b) | 200,000 | 200,799 |
Banco Santander S.A. | ||
3.89%, 05/24/24 | 400,000 | 391,547 |
2.71%, 06/27/24 | 600,000 | 576,173 |
3.50%, 03/24/25 | 200,000 | 193,035 |
2.75%, 05/28/25 | 600,000 | 561,926 |
5.15%, 08/18/25 | 400,000 | 396,263 |
5.18%, 11/19/25 | 400,000 | 395,250 |
4.25%, 04/11/27 | 400,000 | 381,349 |
5.29%, 08/18/27 | 600,000 | 585,809 |
1.72%, 09/14/27 (a)(b) | 200,000 | 171,371 |
3.80%, 02/23/28 | 400,000 | 363,996 |
4.18%, 03/24/28 (a)(b) | 400,000 | 371,578 |
4.38%, 04/12/28 | 400,000 | 376,291 |
3.31%, 06/27/29 | 200,000 | 175,179 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.49%, 05/28/30 | 400,000 | 338,635 |
2.75%, 12/03/30 | 400,000 | 306,630 |
2.96%, 03/25/31 | 200,000 | 160,681 |
3.23%, 11/22/32 (a)(b) | 400,000 | 303,492 |
Bank of America Corp. | ||
4.13%, 01/22/24 | 750,000 | 744,591 |
4.00%, 04/01/24 | 650,000 | 642,134 |
4.20%, 08/26/24 | 850,000 | 837,196 |
4.00%, 01/22/25 | 725,000 | 710,148 |
1.84%, 02/04/25 (a)(b) | 250,000 | 239,893 |
3.46%, 03/15/25 (a)(b) | 750,000 | 731,125 |
3.95%, 04/21/25 | 700,000 | 682,116 |
0.98%, 04/22/25 (a)(b) | 500,000 | 469,004 |
3.84%, 04/25/25 (a)(b) | 600,000 | 586,343 |
3.88%, 08/01/25 | 650,000 | 633,563 |
0.98%, 09/25/25 (a)(b) | 675,000 | 623,142 |
3.09%, 10/01/25 (a)(b) | 550,000 | 527,527 |
2.46%, 10/22/25 (a)(b) | 850,000 | 804,025 |
1.53%, 12/06/25 (a)(b) | 250,000 | 230,820 |
3.37%, 01/23/26 (a)(b) | 500,000 | 478,226 |
2.02%, 02/13/26 (a)(b) | 450,000 | 417,844 |
4.45%, 03/03/26 | 400,000 | 392,241 |
3.38%, 04/02/26 (a)(b) | 500,000 | 477,844 |
3.50%, 04/19/26 | 850,000 | 812,094 |
1.32%, 06/19/26 (a)(b) | 400,000 | 360,597 |
4.83%, 07/22/26 (a)(b) | 100,000 | 98,990 |
6.22%, 09/15/26 | 100,000 | 103,834 |
4.25%, 10/22/26 | 700,000 | 677,581 |
1.20%, 10/24/26 (a)(b) | 800,000 | 714,281 |
1.66%, 03/11/27 (a)(b) | 500,000 | 442,305 |
3.56%, 04/23/27 (a)(b) | 1,000,000 | 938,134 |
1.73%, 07/22/27 (a)(b) | 1,700,000 | 1,491,132 |
3.25%, 10/21/27 (a) | 800,000 | 740,475 |
4.18%, 11/25/27 (a) | 650,000 | 617,902 |
3.82%, 01/20/28 (a)(b) | 950,000 | 887,841 |
3.71%, 04/24/28 (a)(b) | 500,000 | 463,730 |
4.38%, 04/27/28 (a)(b) | 750,000 | 717,679 |
3.59%, 07/21/28 (a)(b) | 850,000 | 783,507 |
4.95%, 07/22/28 (a)(b) | 900,000 | 880,967 |
6.20%, 11/10/28 (a)(b) | 500,000 | 515,187 |
3.42%, 12/20/28 (a)(b) | 1,700,000 | 1,543,066 |
3.97%, 03/05/29 (a)(b) | 750,000 | 693,708 |
2.09%, 06/14/29 (a)(b) | 750,000 | 631,496 |
4.27%, 07/23/29 (a)(b) | 850,000 | 795,387 |
3.97%, 02/07/30 (a)(b) | 850,000 | 772,970 |
3.19%, 07/23/30 (a)(b) | 800,000 | 690,123 |
2.88%, 10/22/30 (a)(b) | 850,000 | 715,223 |
2.50%, 02/13/31 (a)(b) | 1,000,000 | 813,535 |
2.59%, 04/29/31 (a)(b) | 910,000 | 743,431 |
1.90%, 07/23/31 (a)(b) | 900,000 | 693,942 |
1.92%, 10/24/31 (a)(b) | 750,000 | 573,207 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.65%, 03/11/32 (a)(b) | 600,000 | 481,293 |
2.69%, 04/22/32 (a)(b) | 1,400,000 | 1,122,419 |
2.30%, 07/21/32 (a)(b) | 1,150,000 | 886,555 |
2.57%, 10/20/32 (a)(b) | 1,000,000 | 785,679 |
2.97%, 02/04/33 (a)(b) | 1,000,000 | 807,599 |
4.57%, 04/27/33 (a)(b) | 1,000,000 | 918,063 |
5.02%, 07/22/33 (a)(b) | 1,500,000 | 1,424,548 |
2.48%, 09/21/36 (a)(b) | 250,000 | 184,821 |
6.11%, 01/29/37 | 550,000 | 560,156 |
3.85%, 03/08/37 (a)(b) | 700,000 | 580,473 |
4.24%, 04/24/38 (a)(b) | 250,000 | 214,090 |
7.75%, 05/14/38 | 500,000 | 585,454 |
4.08%, 04/23/40 (a)(b) | 475,000 | 395,594 |
2.68%, 06/19/41 (a)(b) | 1,550,000 | 1,047,668 |
5.88%, 02/07/42 | 450,000 | 458,126 |
3.31%, 04/22/42 (a)(b) | 1,050,000 | 773,904 |
5.00%, 01/21/44 | 450,000 | 414,645 |
4.88%, 04/01/44 | 150,000 | 136,547 |
4.75%, 04/21/45 | 200,000 | 172,859 |
4.44%, 01/20/48 (a)(b) | 650,000 | 550,040 |
3.95%, 01/23/49 (a)(b) | 350,000 | 272,149 |
4.33%, 03/15/50 (a)(b) | 800,000 | 659,612 |
4.08%, 03/20/51 (a)(b) | 1,200,000 | 949,167 |
2.83%, 10/24/51 (a)(b) | 300,000 | 186,433 |
3.48%, 03/13/52 (a)(b) | 300,000 | 213,570 |
2.97%, 07/21/52 (a)(b) | 550,000 | 348,080 |
Bank of America NA | ||
6.00%, 10/15/36 | 350,000 | 359,217 |
Bank of Montreal | ||
3.30%, 02/05/24 | 550,000 | 539,967 |
2.15%, 03/08/24 | 400,000 | 386,759 |
2.50%, 06/28/24 | 400,000 | 385,224 |
4.25%, 09/14/24 | 400,000 | 394,637 |
1.50%, 01/10/25 | 500,000 | 466,691 |
1.85%, 05/01/25 | 475,000 | 443,954 |
3.70%, 06/07/25 | 400,000 | 388,335 |
1.25%, 09/15/26 | 400,000 | 350,977 |
0.95%, 01/22/27 (a)(b) | 300,000 | 265,551 |
2.65%, 03/08/27 | 300,000 | 274,545 |
4.70%, 09/14/27 (a) | 200,000 | 198,108 |
3.80%, 12/15/32 (a)(b) | 504,000 | 444,804 |
3.09%, 01/10/37 (a)(b) | 100,000 | 76,009 |
Bank of New York Mellon Corp. | ||
3.65%, 02/04/24 (a) | 150,000 | 147,830 |
3.25%, 09/11/24 (a) | 350,000 | 340,668 |
2.10%, 10/24/24 | 445,000 | 424,664 |
0.85%, 10/25/24 (a) | 250,000 | 232,837 |
3.00%, 02/24/25 (a) | 350,000 | 337,697 |
1.60%, 04/24/25 (a) | 550,000 | 511,298 |
3.35%, 04/25/25 (a) | 100,000 | 96,936 |
3.43%, 06/13/25 (a)(b) | 400,000 | 390,892 |
3.95%, 11/18/25 (a) | 300,000 | 293,743 |
5.22%, 11/21/25 (a)(b) | 100,000 | 100,126 |
0.75%, 01/28/26 (a) | 150,000 | 133,122 |
2.45%, 08/17/26 (a) | 300,000 | 276,284 |
2.05%, 01/26/27 (a) | 250,000 | 225,113 |
3.25%, 05/16/27 (a) | 325,000 | 306,178 |
3.40%, 01/29/28 (a) | 250,000 | 233,216 |
3.44%, 02/07/28 (a)(b) | 300,000 | 282,168 |
3.85%, 04/28/28 | 100,000 | 96,153 |
1.65%, 07/14/28 (a) | 100,000 | 84,897 |
5.80%, 10/25/28 (a)(b) | 400,000 | 413,347 |
3.00%, 10/30/28 (a) | 225,000 | 201,059 |
3.30%, 08/23/29 (a) | 250,000 | 224,540 |
4.60%, 07/26/30 (a)(b) | 150,000 | 146,374 |
1.80%, 07/28/31 (a) | 400,000 | 310,592 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.29%, 06/13/33 (a)(b) | 250,000 | 234,618 |
5.83%, 10/25/33 (a)(b) | 400,000 | 416,829 |
Bank of Nova Scotia | ||
3.40%, 02/11/24 | 350,000 | 344,125 |
0.70%, 04/15/24 | 400,000 | 377,956 |
1.45%, 01/10/25 | 500,000 | 465,496 |
2.20%, 02/03/25 | 400,000 | 376,966 |
3.45%, 04/11/25 | 500,000 | 482,038 |
1.30%, 06/11/25 | 300,000 | 275,038 |
4.50%, 12/16/25 | 400,000 | 392,633 |
1.05%, 03/02/26 | 350,000 | 309,918 |
1.35%, 06/24/26 | 250,000 | 222,195 |
2.70%, 08/03/26 | 500,000 | 463,522 |
1.95%, 02/02/27 | 250,000 | 222,892 |
2.95%, 03/11/27 | 250,000 | 230,637 |
2.15%, 08/01/31 | 200,000 | 159,073 |
2.45%, 02/02/32 | 300,000 | 241,891 |
4.59%, 05/04/37 (a)(b) | 450,000 | 384,579 |
Bank OZK | ||
2.75%, 10/01/31 (a)(b) | 175,000 | 149,573 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 200,000 | 197,476 |
5.13%, 06/11/30 (a) | 100,000 | 92,594 |
Barclays Bank PLC | ||
3.75%, 05/15/24 | 200,000 | 196,625 |
Barclays PLC | ||
4.38%, 09/11/24 | 200,000 | 195,965 |
3.65%, 03/16/25 | 600,000 | 576,924 |
3.93%, 05/07/25 (a)(b) | 500,000 | 485,154 |
4.38%, 01/12/26 | 700,000 | 677,115 |
2.85%, 05/07/26 (a)(b) | 400,000 | 371,611 |
5.20%, 05/12/26 | 650,000 | 633,309 |
5.30%, 08/09/26 (a)(b) | 500,000 | 496,906 |
7.33%, 11/02/26 (a)(b) | 500,000 | 518,733 |
2.28%, 11/24/27 (a)(b) | 400,000 | 347,210 |
4.34%, 01/10/28 (a) | 400,000 | 372,452 |
4.84%, 05/09/28 (a) | 600,000 | 553,972 |
5.50%, 08/09/28 (a)(b) | 500,000 | 486,514 |
4.97%, 05/16/29 (a)(b) | 550,000 | 518,504 |
5.09%, 06/20/30 (a)(b) | 450,000 | 415,655 |
2.65%, 06/24/31 (a)(b) | 300,000 | 234,604 |
2.67%, 03/10/32 (a)(b) | 350,000 | 267,941 |
2.89%, 11/24/32 (a)(b) | 400,000 | 305,226 |
5.75%, 08/09/33 (a)(b) | 300,000 | 284,263 |
7.44%, 11/02/33 (a)(b) | 600,000 | 632,487 |
3.56%, 09/23/35 (a)(b) | 300,000 | 230,309 |
3.81%, 03/10/42 (a)(b) | 300,000 | 203,676 |
3.33%, 11/24/42 (a)(b) | 300,000 | 206,728 |
5.25%, 08/17/45 | 400,000 | 360,032 |
4.95%, 01/10/47 | 500,000 | 432,522 |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 300,000 | 293,334 |
BPCE S.A. | ||
4.00%, 04/15/24 | 500,000 | 491,770 |
3.38%, 12/02/26 | 250,000 | 234,944 |
Canadian Imperial Bank of Commerce | ||
3.10%, 04/02/24 | 250,000 | 244,025 |
2.25%, 01/28/25 | 400,000 | 377,757 |
3.30%, 04/07/25 | 400,000 | 384,174 |
3.95%, 08/04/25 | 400,000 | 391,515 |
0.95%, 10/23/25 | 200,000 | 179,835 |
3.45%, 04/07/27 | 300,000 | 282,336 |
3.60%, 04/07/32 (a) | 300,000 | 265,059 |
Capital One Financial Corp. | ||
3.90%, 01/29/24 (a) | 450,000 | 444,574 |
3.75%, 04/24/24 (a) | 200,000 | 196,363 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 10/30/24 (a) | 450,000 | 434,530 |
3.20%, 02/05/25 (a) | 300,000 | 288,954 |
4.17%, 05/09/25 (a)(b) | 300,000 | 293,385 |
4.20%, 10/29/25 (a) | 400,000 | 387,163 |
2.64%, 03/03/26 (a)(b) | 400,000 | 375,188 |
4.99%, 07/24/26 (a)(b) | 400,000 | 392,678 |
3.75%, 07/28/26 (a) | 500,000 | 472,564 |
3.75%, 03/09/27 (a) | 250,000 | 237,609 |
3.65%, 05/11/27 (a) | 250,000 | 235,877 |
1.88%, 11/02/27 (a)(b) | 200,000 | 175,271 |
3.80%, 01/31/28 (a) | 550,000 | 516,041 |
4.93%, 05/10/28 (a)(b) | 300,000 | 290,901 |
3.27%, 03/01/30 (a)(b) | 400,000 | 343,806 |
2.36%, 07/29/32 (a)(b) | 325,000 | 234,347 |
2.62%, 11/02/32 (a)(b) | 200,000 | 154,371 |
5.27%, 05/10/33 (a)(b) | 350,000 | 325,487 |
Capital One NA | ||
2.28%, 01/28/26 (a)(b) | 325,000 | 304,894 |
Citibank NA | ||
3.65%, 01/23/24 (a) | 850,000 | 839,616 |
Citigroup, Inc. | ||
3.75%, 06/16/24 | 200,000 | 196,909 |
4.00%, 08/05/24 | 250,000 | 246,388 |
3.88%, 03/26/25 | 200,000 | 194,664 |
3.35%, 04/24/25 (a)(b) | 800,000 | 775,960 |
3.30%, 04/27/25 | 565,000 | 547,007 |
0.98%, 05/01/25 (a)(b) | 600,000 | 562,177 |
4.14%, 05/24/25 (a)(b) | 350,000 | 344,822 |
4.40%, 06/10/25 | 750,000 | 736,930 |
5.50%, 09/13/25 | 450,000 | 453,440 |
3.70%, 01/12/26 | 600,000 | 577,598 |
4.60%, 03/09/26 | 450,000 | 443,225 |
3.29%, 03/17/26 (a)(b) | 400,000 | 380,596 |
3.11%, 04/08/26 (a)(b) | 1,000,000 | 946,116 |
3.40%, 05/01/26 | 700,000 | 664,840 |
5.61%, 09/29/26 (a)(b) | 700,000 | 702,656 |
3.20%, 10/21/26 (a) | 850,000 | 788,733 |
4.30%, 11/20/26 | 350,000 | 338,593 |
1.12%, 01/28/27 (a)(b) | 600,000 | 523,960 |
1.46%, 06/09/27 (a)(b) | 800,000 | 695,316 |
4.45%, 09/29/27 | 1,000,000 | 956,046 |
3.89%, 01/10/28 (a)(b) | 1,050,000 | 983,042 |
6.63%, 01/15/28 | 350,000 | 376,084 |
3.07%, 02/24/28 (a)(b) | 500,000 | 451,796 |
4.66%, 05/24/28 (a)(b) | 300,000 | 290,496 |
3.67%, 07/24/28 (a)(b) | 900,000 | 828,177 |
4.13%, 07/25/28 | 650,000 | 606,754 |
3.52%, 10/27/28 (a)(b) | 800,000 | 729,995 |
4.08%, 04/23/29 (a)(b) | 300,000 | 276,932 |
3.98%, 03/20/30 (a)(b) | 750,000 | 678,037 |
2.98%, 11/05/30 (a)(b) | 350,000 | 294,499 |
2.67%, 01/29/31 (a)(b) | 750,000 | 616,277 |
4.41%, 03/31/31 (a)(b) | 1,200,000 | 1,104,585 |
2.57%, 06/03/31 (a)(b) | 1,200,000 | 971,732 |
2.56%, 05/01/32 (a)(b) | 750,000 | 592,961 |
6.63%, 06/15/32 | 300,000 | 315,754 |
2.52%, 11/03/32 (a)(b) | 600,000 | 466,725 |
3.06%, 01/25/33 (a)(b) | 750,000 | 607,004 |
5.88%, 02/22/33 | 150,000 | 149,457 |
3.79%, 03/17/33 (a)(b) | 700,000 | 601,288 |
4.91%, 05/24/33 (a)(b) | 700,000 | 657,928 |
6.00%, 10/31/33 | 200,000 | 202,390 |
6.27%, 11/17/33 (a)(b) | 700,000 | 723,186 |
3.88%, 01/24/39 (a)(b) | 300,000 | 248,708 |
8.13%, 07/15/39 | 550,000 | 677,529 |
5.32%, 03/26/41 (a)(b) | 400,000 | 385,954 |
5.88%, 01/30/42 | 250,000 | 252,122 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.90%, 11/03/42 (a)(b) | 250,000 | 173,884 |
6.68%, 09/13/43 | 300,000 | 325,601 |
5.30%, 05/06/44 | 250,000 | 226,987 |
4.65%, 07/30/45 | 200,000 | 173,352 |
4.75%, 05/18/46 | 600,000 | 498,882 |
4.28%, 04/24/48 (a)(b) | 425,000 | 349,205 |
4.65%, 07/23/48 (a) | 700,000 | 608,788 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 233,223 |
4.12%, 05/23/25 (a)(b) | 250,000 | 245,580 |
3.75%, 02/18/26 (a) | 100,000 | 95,964 |
Citizens Financial Group, Inc. | ||
4.30%, 12/03/25 (a) | 300,000 | 291,918 |
2.85%, 07/27/26 (a) | 150,000 | 139,054 |
2.50%, 02/06/30 (a) | 200,000 | 161,810 |
3.25%, 04/30/30 (a) | 300,000 | 261,309 |
2.64%, 09/30/32 (a) | 250,000 | 185,469 |
Comerica Bank | ||
4.00%, 07/27/25 | 250,000 | 242,956 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 150,000 | 140,948 |
Cooperatieve Rabobank UA | ||
0.38%, 01/12/24 | 250,000 | 238,375 |
3.88%, 08/22/24 | 250,000 | 245,805 |
1.38%, 01/10/25 | 100,000 | 93,606 |
3.38%, 05/21/25 | 500,000 | 485,088 |
4.38%, 08/04/25 | 500,000 | 488,203 |
3.75%, 07/21/26 | 500,000 | 471,412 |
5.25%, 05/24/41 | 350,000 | 355,947 |
5.75%, 12/01/43 | 250,000 | 240,601 |
5.25%, 08/04/45 | 250,000 | 225,955 |
Credit Suisse AG | ||
0.50%, 02/02/24 | 250,000 | 232,266 |
4.75%, 08/09/24 | 250,000 | 238,957 |
3.63%, 09/09/24 | 800,000 | 748,128 |
3.70%, 02/21/25 | 500,000 | 461,615 |
2.95%, 04/09/25 | 400,000 | 361,142 |
1.25%, 08/07/26 | 500,000 | 405,286 |
5.00%, 07/09/27 | 250,000 | 228,093 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 750,000 | 678,968 |
4.55%, 04/17/26 | 500,000 | 445,728 |
4.88%, 05/15/45 | 500,000 | 345,873 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 300,000 | 304,810 |
Deutsche Bank AG | ||
0.90%, 05/28/24 | 300,000 | 280,967 |
3.70%, 05/30/24 | 549,000 | 537,404 |
1.45%, 04/01/25 (a)(b) | 150,000 | 139,600 |
4.50%, 04/01/25 | 400,000 | 381,159 |
3.96%, 11/26/25 (a)(b) | 700,000 | 669,965 |
4.10%, 01/13/26 | 250,000 | 240,438 |
1.69%, 03/19/26 | 300,000 | 269,532 |
6.12%, 07/14/26 (a)(b) | 200,000 | 199,359 |
2.13%, 11/24/26 (a)(b) | 550,000 | 486,073 |
2.31%, 11/16/27 (a)(b) | 500,000 | 424,999 |
2.55%, 01/07/28 (a)(b) | 400,000 | 340,901 |
5.88%, 07/08/31 (a)(b) | 150,000 | 130,502 |
3.55%, 09/18/31 (a)(b) | 450,000 | 362,128 |
3.73%, 01/14/32 (a)(b) | 350,000 | 258,211 |
3.04%, 05/28/32 (a)(b) | 300,000 | 228,086 |
4.88%, 12/01/32 (a)(b) | 250,000 | 209,245 |
3.74%, 01/07/33 (a)(b) | 350,000 | 251,120 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Discover Bank | ||
2.45%, 09/12/24 (a) | 300,000 | 285,162 |
4.65%, 09/13/28 (a) | 750,000 | 704,375 |
2.70%, 02/06/30 (a) | 250,000 | 200,759 |
Discover Financial Services | ||
3.95%, 11/06/24 (a) | 200,000 | 194,932 |
3.75%, 03/04/25 (a) | 250,000 | 241,118 |
4.10%, 02/09/27 (a) | 300,000 | 282,735 |
Fifth Third Bancorp | ||
4.30%, 01/16/24 (a) | 250,000 | 247,852 |
3.65%, 01/25/24 (a) | 575,000 | 567,144 |
2.38%, 01/28/25 (a) | 50,000 | 47,462 |
2.55%, 05/05/27 (a) | 300,000 | 270,610 |
1.71%, 11/01/27 (a)(b) | 350,000 | 309,757 |
3.95%, 03/14/28 (a) | 200,000 | 191,784 |
8.25%, 03/01/38 | 350,000 | 434,165 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 600,000 | 591,440 |
5.85%, 10/27/25 (a)(b) | 300,000 | 303,436 |
3.85%, 03/15/26 (a) | 350,000 | 334,968 |
2.25%, 02/01/27 (a) | 50,000 | 45,187 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 25,000 | 23,671 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 250,000 | 242,464 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 100,000 | 97,390 |
First-Citizens Bank & Trust Co. | ||
2.97%, 09/27/25 (a)(b) | 250,000 | 236,555 |
6.13%, 03/09/28 | 200,000 | 204,725 |
Goldman Sachs Capital l | ||
6.35%, 02/15/34 | 300,000 | 311,009 |
Goldman Sachs Group, Inc. | ||
3.63%, 02/20/24 (a) | 500,000 | 491,770 |
4.00%, 03/03/24 | 950,000 | 938,269 |
3.00%, 03/15/24 | 650,000 | 634,178 |
3.85%, 07/08/24 (a) | 700,000 | 687,109 |
5.70%, 11/01/24 | 500,000 | 505,940 |
3.50%, 01/23/25 (a) | 700,000 | 677,673 |
1.76%, 01/24/25 (a)(b) | 500,000 | 478,795 |
3.50%, 04/01/25 (a) | 975,000 | 938,989 |
3.75%, 05/22/25 (a) | 700,000 | 677,848 |
3.27%, 09/29/25 (a)(b) | 800,000 | 770,469 |
4.25%, 10/21/25 | 600,000 | 587,398 |
0.86%, 02/12/26 (a)(b) | 150,000 | 135,710 |
3.75%, 02/25/26 (a) | 350,000 | 337,569 |
3.50%, 11/16/26 (a) | 900,000 | 846,090 |
1.09%, 12/09/26 (a)(b) | 625,000 | 552,444 |
5.95%, 01/15/27 | 265,000 | 272,371 |
3.85%, 01/26/27 (a) | 845,000 | 804,986 |
1.43%, 03/09/27 (a)(b) | 900,000 | 788,883 |
1.54%, 09/10/27 (a)(b) | 850,000 | 734,854 |
1.95%, 10/21/27 (a)(b) | 1,200,000 | 1,048,599 |
2.64%, 02/24/28 (a)(b) | 850,000 | 757,130 |
3.62%, 03/15/28 (a)(b) | 500,000 | 464,779 |
3.69%, 06/05/28 (a)(b) | 700,000 | 650,901 |
4.48%, 08/23/28 (a)(b) | 500,000 | 478,933 |
3.81%, 04/23/29 (a)(b) | 675,000 | 615,367 |
4.22%, 05/01/29 (a)(b) | 1,050,000 | 978,610 |
2.60%, 02/07/30 (a) | 600,000 | 501,416 |
3.80%, 03/15/30 (a) | 700,000 | 629,698 |
1.99%, 01/27/32 (a)(b) | 800,000 | 609,923 |
2.62%, 04/22/32 (a)(b) | 600,000 | 478,812 |
2.38%, 07/21/32 (a)(b) | 1,100,000 | 854,121 |
2.65%, 10/21/32 (a)(b) | 900,000 | 711,019 |
6.13%, 02/15/33 | 200,000 | 208,808 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.10%, 02/24/33 (a)(b) | 1,200,000 | 980,144 |
6.45%, 05/01/36 | 200,000 | 209,081 |
6.75%, 10/01/37 | 1,550,000 | 1,652,278 |
4.02%, 10/31/38 (a)(b) | 700,000 | 576,338 |
4.41%, 04/23/39 (a)(b) | 500,000 | 432,232 |
6.25%, 02/01/41 | 750,000 | 783,711 |
3.21%, 04/22/42 (a)(b) | 600,000 | 432,467 |
2.91%, 07/21/42 (a)(b) | 500,000 | 341,817 |
3.44%, 02/24/43 (a)(b) | 500,000 | 369,441 |
4.80%, 07/08/44 (a) | 525,000 | 464,920 |
5.15%, 05/22/45 | 600,000 | 543,697 |
4.75%, 10/21/45 (a) | 550,000 | 484,626 |
HSBC Bank USA NA | ||
5.63%, 08/15/35 | 250,000 | 239,144 |
7.00%, 01/15/39 | 200,000 | 217,133 |
HSBC Holdings PLC | ||
4.25%, 03/14/24 | 500,000 | 491,684 |
3.80%, 03/11/25 (a)(b) | 850,000 | 829,051 |
0.98%, 05/24/25 (a)(b) | 200,000 | 185,133 |
4.25%, 08/18/25 | 550,000 | 529,763 |
2.63%, 11/07/25 (a)(b) | 500,000 | 471,455 |
4.18%, 12/09/25 (a)(b) | 400,000 | 388,523 |
4.30%, 03/08/26 | 1,000,000 | 968,241 |
3.00%, 03/10/26 (a)(b) | 400,000 | 376,331 |
1.65%, 04/18/26 (a)(b) | 500,000 | 452,066 |
3.90%, 05/25/26 | 700,000 | 668,431 |
2.10%, 06/04/26 (a)(b) | 650,000 | 592,817 |
4.29%, 09/12/26 (a)(b) | 950,000 | 912,204 |
7.34%, 11/03/26 (a)(b) | 500,000 | 520,605 |
4.38%, 11/23/26 | 550,000 | 529,968 |
1.59%, 05/24/27 (a)(b) | 600,000 | 517,902 |
2.25%, 11/22/27 (a)(b) | 400,000 | 347,379 |
4.04%, 03/13/28 (a)(b) | 800,000 | 739,348 |
4.76%, 06/09/28 (a)(b) | 600,000 | 568,844 |
5.21%, 08/11/28 (a)(b) | 600,000 | 578,826 |
2.01%, 09/22/28 (a)(b) | 650,000 | 543,365 |
4.58%, 06/19/29 (a)(b) | 950,000 | 876,101 |
2.21%, 08/17/29 (a)(b) | 650,000 | 526,307 |
4.95%, 03/31/30 | 700,000 | 669,857 |
3.97%, 05/22/30 (a)(b) | 900,000 | 788,669 |
2.85%, 06/04/31 (a)(b) | 250,000 | 200,127 |
2.36%, 08/18/31 (a)(b) | 500,000 | 383,708 |
2.80%, 05/24/32 (a)(b) | 1,050,000 | 812,734 |
2.87%, 11/22/32 (a)(b) | 600,000 | 460,824 |
4.76%, 03/29/33 (a)(b) | 400,000 | 347,072 |
5.40%, 08/11/33 (a)(b) | 700,000 | 651,694 |
8.11%, 11/03/33 (a)(b) | 400,000 | 424,670 |
6.50%, 05/02/36 | 650,000 | 642,446 |
6.50%, 09/15/37 | 550,000 | 542,787 |
6.80%, 06/01/38 | 500,000 | 496,915 |
6.10%, 01/14/42 | 75,000 | 78,455 |
5.25%, 03/14/44 | 595,000 | 503,913 |
HSBC USA, Inc. | ||
3.75%, 05/24/24 | 250,000 | 245,597 |
3.50%, 06/23/24 | 200,000 | 194,917 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 250,000 | 240,237 |
4.00%, 05/15/25 (a) | 150,000 | 146,305 |
2.55%, 02/04/30 (a) | 250,000 | 206,298 |
2.49%, 08/15/36 (a)(b) | 350,000 | 254,390 |
Huntington National Bank | ||
5.70%, 11/18/25 (a)(b) | 300,000 | 301,037 |
4.55%, 05/17/28 (a)(b) | 250,000 | 241,683 |
5.65%, 01/10/30 (a) | 250,000 | 251,879 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ING Groep N.V. | ||
3.55%, 04/09/24 | 200,000 | 195,758 |
3.87%, 03/28/26 (a)(b) | 400,000 | 384,363 |
3.95%, 03/29/27 | 500,000 | 473,152 |
1.73%, 04/01/27 (a)(b) | 300,000 | 264,689 |
4.02%, 03/28/28 (a)(b) | 400,000 | 373,885 |
4.55%, 10/02/28 | 250,000 | 238,931 |
4.05%, 04/09/29 | 255,000 | 235,296 |
2.73%, 04/01/32 (a)(b) | 250,000 | 199,500 |
4.25%, 03/28/33 (a)(b) | 300,000 | 265,465 |
Intesa Sanpaolo S.p.A. | ||
5.25%, 01/12/24 | 200,000 | 198,354 |
JPMorgan Chase & Co. | ||
3.88%, 02/01/24 | 470,000 | 465,223 |
3.63%, 05/13/24 | 500,000 | 491,676 |
3.88%, 09/10/24 | 800,000 | 783,884 |
3.13%, 01/23/25 (a) | 700,000 | 676,389 |
0.56%, 02/16/25 (a)(b) | 300,000 | 283,024 |
3.22%, 03/01/25 (a)(b) | 600,000 | 583,303 |
0.82%, 06/01/25 (a)(b) | 575,000 | 536,869 |
3.85%, 06/14/25 (a)(b) | 600,000 | 587,430 |
0.97%, 06/23/25 (a)(b) | 575,000 | 536,575 |
3.90%, 07/15/25 (a) | 750,000 | 734,253 |
7.75%, 07/15/25 | 100,000 | 107,293 |
0.77%, 08/09/25 (a)(b) | 250,000 | 230,826 |
2.30%, 10/15/25 (a)(b) | 550,000 | 518,448 |
1.56%, 12/10/25 (a)(b) | 100,000 | 92,643 |
5.55%, 12/15/25 (a)(b) | 500,000 | 500,131 |
2.60%, 02/24/26 (a)(b) | 400,000 | 376,450 |
2.01%, 03/13/26 (a)(b) | 700,000 | 648,547 |
3.30%, 04/01/26 (a) | 725,000 | 689,446 |
2.08%, 04/22/26 (a)(b) | 1,050,000 | 974,974 |
4.08%, 04/26/26 (a)(b) | 500,000 | 486,472 |
3.20%, 06/15/26 (a) | 599,000 | 566,580 |
2.95%, 10/01/26 (a) | 925,000 | 863,671 |
7.63%, 10/15/26 | 150,000 | 164,467 |
1.05%, 11/19/26 (a)(b) | 800,000 | 706,626 |
4.13%, 12/15/26 | 600,000 | 581,217 |
3.96%, 01/29/27 (a)(b) | 550,000 | 526,181 |
1.04%, 02/04/27 (a)(b) | 650,000 | 567,183 |
1.58%, 04/22/27 (a)(b) | 1,000,000 | 881,109 |
8.00%, 04/29/27 | 350,000 | 391,939 |
1.47%, 09/22/27 (a)(b) | 750,000 | 649,757 |
4.25%, 10/01/27 | 493,000 | 475,005 |
3.63%, 12/01/27 (a) | 300,000 | 278,929 |
3.78%, 02/01/28 (a)(b) | 800,000 | 749,141 |
2.95%, 02/24/28 (a)(b) | 500,000 | 453,319 |
4.32%, 04/26/28 (a)(b) | 500,000 | 477,078 |
3.54%, 05/01/28 (a)(b) | 900,000 | 830,438 |
2.18%, 06/01/28 (a)(b) | 500,000 | 437,263 |
4.85%, 07/25/28 (a)(b) | 1,000,000 | 977,392 |
3.51%, 01/23/29 (a)(b) | 750,000 | 681,398 |
4.01%, 04/23/29 (a)(b) | 750,000 | 695,314 |
2.07%, 06/01/29 (a)(b) | 750,000 | 627,454 |
4.20%, 07/23/29 (a)(b) | 900,000 | 840,123 |
4.45%, 12/05/29 (a)(b) | 750,000 | 706,527 |
3.70%, 05/06/30 (a)(b) | 900,000 | 807,678 |
8.75%, 09/01/30 | 200,000 | 232,512 |
2.74%, 10/15/30 (a)(b) | 1,000,000 | 840,417 |
4.49%, 03/24/31 (a)(b) | 1,000,000 | 937,249 |
2.52%, 04/22/31 (a)(b) | 950,000 | 778,579 |
2.96%, 05/13/31 (a)(b) | 900,000 | 743,033 |
1.76%, 11/19/31 (a)(b) | 500,000 | 379,966 |
1.95%, 02/04/32 (a)(b) | 900,000 | 690,957 |
2.58%, 04/22/32 (a)(b) | 1,100,000 | 882,342 |
2.55%, 11/08/32 (a)(b) | 750,000 | 593,458 |
2.96%, 01/25/33 (a)(b) | 800,000 | 652,100 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.59%, 04/26/33 (a)(b) | 500,000 | 463,964 |
4.91%, 07/25/33 (a)(b) | 1,000,000 | 952,408 |
5.72%, 09/14/33 (a)(b) | 500,000 | 492,068 |
6.40%, 05/15/38 | 750,000 | 813,433 |
3.88%, 07/24/38 (a)(b) | 900,000 | 748,943 |
5.50%, 10/15/40 | 350,000 | 349,452 |
3.11%, 04/22/41 (a)(b) | 450,000 | 328,134 |
5.60%, 07/15/41 | 500,000 | 502,352 |
2.53%, 11/19/41 (a)(b) | 500,000 | 328,779 |
5.40%, 01/06/42 | 350,000 | 345,370 |
3.16%, 04/22/42 (a)(b) | 650,000 | 472,873 |
5.63%, 08/16/43 | 400,000 | 391,049 |
4.85%, 02/01/44 | 300,000 | 277,422 |
4.95%, 06/01/45 | 400,000 | 360,052 |
4.26%, 02/22/48 (a)(b) | 375,000 | 308,778 |
4.03%, 07/24/48 (a)(b) | 500,000 | 397,544 |
3.96%, 11/15/48 (a)(b) | 1,000,000 | 784,163 |
3.90%, 01/23/49 (a)(b) | 550,000 | 427,315 |
3.11%, 04/22/51 (a)(b) | 750,000 | 499,544 |
3.33%, 04/22/52 (a)(b) | 1,100,000 | 757,613 |
KeyBank NA | ||
3.30%, 06/01/25 | 450,000 | 433,277 |
4.39%, 12/14/27 | 250,000 | 240,583 |
6.95%, 02/01/28 | 200,000 | 210,825 |
3.90%, 04/13/29 | 250,000 | 224,359 |
KeyCorp | ||
4.15%, 10/29/25 | 100,000 | 97,689 |
2.25%, 04/06/27 | 400,000 | 356,674 |
4.10%, 04/30/28 | 400,000 | 381,277 |
2.55%, 10/01/29 | 350,000 | 295,523 |
4.79%, 06/01/33 (a)(b) | 250,000 | 237,092 |
Lloyds Banking Group PLC | ||
3.90%, 03/12/24 | 350,000 | 343,618 |
4.50%, 11/04/24 | 300,000 | 293,347 |
4.45%, 05/08/25 | 400,000 | 392,489 |
3.87%, 07/09/25 (a)(b) | 400,000 | 388,061 |
4.58%, 12/10/25 | 200,000 | 193,566 |
2.44%, 02/05/26 (a)(b) | 250,000 | 232,626 |
3.51%, 03/18/26 (a)(b) | 300,000 | 285,334 |
4.65%, 03/24/26 | 750,000 | 717,897 |
4.72%, 08/11/26 (a)(b) | 250,000 | 244,559 |
3.75%, 01/11/27 | 400,000 | 372,520 |
1.63%, 05/11/27 (a)(b) | 300,000 | 259,814 |
3.75%, 03/18/28 (a)(b) | 300,000 | 276,740 |
4.38%, 03/22/28 | 600,000 | 569,480 |
4.55%, 08/16/28 | 200,000 | 187,687 |
3.57%, 11/07/28 (a)(b) | 750,000 | 675,948 |
7.95%, 11/15/33 (a)(b) | 200,000 | 212,396 |
5.30%, 12/01/45 | 250,000 | 215,326 |
3.37%, 12/14/46 (a)(b) | 250,000 | 163,536 |
4.34%, 01/09/48 | 300,000 | 221,547 |
M&T Bank Corp. | ||
4.55%, 08/16/28 (a)(b) | 175,000 | 170,150 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 239,569 |
3.40%, 08/17/27 | 250,000 | 228,633 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.41%, 03/07/24 | 500,000 | 489,369 |
2.80%, 07/18/24 | 300,000 | 289,067 |
2.19%, 02/25/25 | 850,000 | 796,586 |
3.78%, 03/02/25 | 350,000 | 340,905 |
1.41%, 07/17/25 | 600,000 | 545,326 |
4.79%, 07/18/25 (a)(b) | 500,000 | 494,988 |
0.95%, 07/19/25 (a)(b) | 700,000 | 650,942 |
0.96%, 10/11/25 (a)(b) | 400,000 | 367,932 |
3.85%, 03/01/26 | 750,000 | 718,297 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.76%, 09/13/26 | 200,000 | 183,158 |
3.68%, 02/22/27 | 300,000 | 284,740 |
1.54%, 07/20/27 (a)(b) | 500,000 | 435,241 |
3.29%, 07/25/27 | 550,000 | 507,197 |
2.34%, 01/19/28 (a)(b) | 400,000 | 352,839 |
3.96%, 03/02/28 | 250,000 | 236,926 |
5.02%, 07/20/28 (a)(b) | 400,000 | 391,129 |
5.35%, 09/13/28 (a)(b) | 500,000 | 496,184 |
3.74%, 03/07/29 | 450,000 | 416,544 |
3.20%, 07/18/29 | 650,000 | 570,267 |
2.56%, 02/25/30 | 400,000 | 331,836 |
2.05%, 07/17/30 | 550,000 | 434,781 |
2.31%, 07/20/32 (a)(b) | 500,000 | 386,125 |
2.85%, 01/19/33 (a)(b) | 400,000 | 319,246 |
4.32%, 04/19/33 (a)(b) | 200,000 | 180,605 |
5.13%, 07/20/33 (a)(b) | 400,000 | 383,553 |
4.29%, 07/26/38 | 150,000 | 130,350 |
4.15%, 03/07/39 | 150,000 | 128,229 |
3.75%, 07/18/39 | 500,000 | 406,535 |
Mizuho Financial Group, Inc. | ||
2.56%, 09/13/25 (a)(b) | 200,000 | 188,973 |
2.23%, 05/25/26 (a)(b) | 400,000 | 368,528 |
2.84%, 09/13/26 | 250,000 | 227,909 |
3.66%, 02/28/27 | 300,000 | 279,267 |
1.23%, 05/22/27 (a)(b) | 250,000 | 216,981 |
1.55%, 07/09/27 (a)(b) | 250,000 | 218,056 |
3.17%, 09/11/27 | 700,000 | 641,533 |
4.02%, 03/05/28 | 300,000 | 283,611 |
4.25%, 09/11/29 (a)(b) | 550,000 | 509,754 |
3.15%, 07/16/30 (a)(b) | 250,000 | 214,230 |
2.87%, 09/13/30 (a)(b) | 200,000 | 167,418 |
2.59%, 05/25/31 (a)(b) | 250,000 | 202,233 |
2.20%, 07/10/31 (a)(b) | 250,000 | 195,744 |
1.98%, 09/08/31 (a)(b) | 400,000 | 306,317 |
2.56%, 09/13/31 | 200,000 | 153,564 |
2.26%, 07/09/32 (a)(b) | 250,000 | 191,520 |
Morgan Stanley | ||
3.88%, 04/29/24 | 850,000 | 837,181 |
3.70%, 10/23/24 | 850,000 | 830,759 |
0.79%, 01/22/25 (a)(b) | 250,000 | 236,898 |
3.62%, 04/17/25 (a)(b) | 600,000 | 586,082 |
0.79%, 05/30/25 (a)(b) | 900,000 | 839,039 |
2.72%, 07/22/25 (a)(b) | 490,000 | 469,308 |
4.00%, 07/23/25 | 800,000 | 782,291 |
0.86%, 10/21/25 (a)(b) | 300,000 | 275,836 |
1.16%, 10/21/25 (a)(b) | 500,000 | 460,790 |
5.00%, 11/24/25 | 600,000 | 598,725 |
3.88%, 01/27/26 | 850,000 | 823,580 |
2.63%, 02/18/26 (a)(b) | 500,000 | 470,181 |
2.19%, 04/28/26 (a)(b) | 750,000 | 696,713 |
4.68%, 07/17/26 (a)(b) | 600,000 | 590,841 |
3.13%, 07/27/26 | 850,000 | 793,757 |
6.25%, 08/09/26 | 200,000 | 208,832 |
4.35%, 09/08/26 | 550,000 | 534,835 |
6.14%, 10/16/26 (a)(b) | 500,000 | 511,846 |
0.99%, 12/10/26 (a)(b) | 700,000 | 614,649 |
3.63%, 01/20/27 | 900,000 | 850,571 |
3.95%, 04/23/27 | 650,000 | 615,405 |
1.59%, 05/04/27 (a)(b) | 750,000 | 658,868 |
1.51%, 07/20/27 (a)(b) | 750,000 | 652,258 |
2.48%, 01/21/28 (a)(b) | 750,000 | 666,704 |
4.21%, 04/20/28 (a)(b) | 750,000 | 713,595 |
3.59%, 07/22/28 (a)(b) | 900,000 | 827,992 |
6.30%, 10/18/28 (a)(b) | 500,000 | 515,757 |
3.77%, 01/24/29 (a)(b) | 850,000 | 779,668 |
4.43%, 01/23/30 (a)(b) | 950,000 | 888,061 |
2.70%, 01/22/31 (a)(b) | 1,150,000 | 953,002 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.62%, 04/01/31 (a)(b) | 900,000 | 788,160 |
1.79%, 02/13/32 (a)(b) | 700,000 | 526,077 |
7.25%, 04/01/32 | 400,000 | 450,163 |
1.93%, 04/28/32 (a)(b) | 600,000 | 454,121 |
2.24%, 07/21/32 (a)(b) | 1,100,000 | 843,845 |
2.51%, 10/20/32 (a)(b) | 750,000 | 586,898 |
2.94%, 01/21/33 (a)(b) | 750,000 | 608,901 |
4.89%, 07/20/33 (a)(b) | 500,000 | 470,575 |
6.34%, 10/18/33 (a)(b) | 500,000 | 523,631 |
2.48%, 09/16/36 (a)(b) | 900,000 | 657,321 |
5.30%, 04/20/37 (a)(b) | 400,000 | 366,471 |
3.97%, 07/22/38 (a)(b) | 650,000 | 546,437 |
4.46%, 04/22/39 (a)(b) | 250,000 | 220,362 |
3.22%, 04/22/42 (a)(b) | 700,000 | 517,504 |
6.38%, 07/24/42 | 600,000 | 654,141 |
4.30%, 01/27/45 | 500,000 | 425,855 |
4.38%, 01/22/47 | 750,000 | 639,661 |
5.60%, 03/24/51 (a)(b) | 500,000 | 500,243 |
2.80%, 01/25/52 (a)(b) | 675,000 | 420,672 |
National Australia Bank Ltd. | ||
3.50%, 06/09/25 | 250,000 | 242,692 |
3.38%, 01/14/26 | 350,000 | 334,932 |
2.50%, 07/12/26 | 250,000 | 230,545 |
3.91%, 06/09/27 | 500,000 | 479,904 |
National Bank of Canada | ||
3.75%, 06/09/25 (a)(b) | 250,000 | 243,339 |
Natwest Group PLC | ||
5.13%, 05/28/24 | 400,000 | 398,868 |
4.27%, 03/22/25 (a)(b) | 600,000 | 586,398 |
4.80%, 04/05/26 | 600,000 | 587,144 |
7.47%, 11/10/26 (a)(b) | 200,000 | 208,440 |
1.64%, 06/14/27 (a)(b) | 250,000 | 216,970 |
3.07%, 05/22/28 (a)(b) | 300,000 | 268,377 |
5.52%, 09/30/28 (a)(b) | 300,000 | 297,322 |
4.89%, 05/18/29 (a)(b) | 550,000 | 519,174 |
3.75%, 11/01/29 (a)(b) | 200,000 | 185,922 |
5.08%, 01/27/30 (a)(b) | 550,000 | 518,816 |
4.45%, 05/08/30 (a)(b) | 300,000 | 272,850 |
3.03%, 11/28/35 (a)(b) | 250,000 | 185,003 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 350,000 | 343,125 |
4.00%, 05/10/27 (a) | 150,000 | 146,796 |
3.65%, 08/03/28 (a) | 250,000 | 238,175 |
3.15%, 05/03/29 (a) | 150,000 | 136,380 |
1.95%, 05/01/30 (a) | 250,000 | 205,905 |
3.38%, 05/08/32 (a)(b) | 350,000 | 319,035 |
PNC Bank NA | ||
2.50%, 08/27/24 (a) | 250,000 | 240,033 |
3.30%, 10/30/24 (a) | 475,000 | 462,596 |
3.88%, 04/10/25 (a) | 250,000 | 243,308 |
3.25%, 06/01/25 (a) | 500,000 | 482,536 |
3.10%, 10/25/27 (a) | 300,000 | 281,288 |
3.25%, 01/22/28 (a) | 250,000 | 234,017 |
4.05%, 07/26/28 | 550,000 | 519,621 |
2.70%, 10/22/29 | 425,000 | 359,797 |
PNC Financial Services Group, Inc. | ||
3.50%, 01/23/24 (a) | 350,000 | 344,762 |
3.90%, 04/29/24 (a) | 100,000 | 98,847 |
2.20%, 11/01/24 (a) | 200,000 | 191,348 |
2.60%, 07/23/26 (a) | 300,000 | 278,242 |
3.15%, 05/19/27 (a) | 100,000 | 93,493 |
3.45%, 04/23/29 (a) | 500,000 | 458,737 |
2.55%, 01/22/30 (a) | 700,000 | 595,661 |
2.31%, 04/23/32 (a)(b) | 300,000 | 243,531 |
6.04%, 10/28/33 (a)(b) | 500,000 | 523,369 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Regions Bank | ||
6.45%, 06/26/37 | 250,000 | 260,783 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 250,000 | 234,001 |
1.80%, 08/12/28 (a) | 250,000 | 212,613 |
Royal Bank of Canada | ||
0.43%, 01/19/24 | 550,000 | 525,467 |
2.55%, 07/16/24 | 500,000 | 482,591 |
3.97%, 07/26/24 | 500,000 | 493,336 |
0.75%, 10/07/24 | 200,000 | 186,153 |
2.25%, 11/01/24 | 750,000 | 715,607 |
1.60%, 01/21/25 | 200,000 | 187,093 |
3.38%, 04/14/25 | 600,000 | 581,371 |
1.15%, 06/10/25 | 200,000 | 183,304 |
0.88%, 01/20/26 | 650,000 | 578,441 |
4.65%, 01/27/26 | 450,000 | 444,668 |
1.20%, 04/27/26 | 350,000 | 311,760 |
1.15%, 07/14/26 | 300,000 | 264,765 |
1.40%, 11/02/26 | 200,000 | 176,000 |
3.63%, 05/04/27 | 400,000 | 381,197 |
6.00%, 11/01/27 | 500,000 | 520,933 |
2.30%, 11/03/31 | 500,000 | 401,817 |
3.88%, 05/04/32 | 250,000 | 228,421 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 250,000 | 243,061 |
3.45%, 06/02/25 (a) | 250,000 | 238,141 |
4.50%, 07/17/25 (a) | 600,000 | 588,876 |
5.81%, 09/09/26 (a)(b) | 100,000 | 99,460 |
3.24%, 10/05/26 (a)(c) | 350,000 | 325,215 |
4.40%, 07/13/27 (a) | 450,000 | 430,079 |
Santander UK Group Holdings PLC | ||
1.09%, 03/15/25 (a)(b) | 500,000 | 468,562 |
1.53%, 08/21/26 (a)(b) | 400,000 | 352,565 |
1.67%, 06/14/27 (a)(b) | 200,000 | 169,885 |
2.47%, 01/11/28 (a)(b) | 200,000 | 171,268 |
3.82%, 11/03/28 (a)(b) | 350,000 | 312,887 |
2.90%, 03/15/32 (a)(b) | 200,000 | 154,883 |
Santander UK PLC | ||
4.00%, 03/13/24 | 400,000 | 395,333 |
2.88%, 06/18/24 | 100,000 | 96,558 |
Signature Bank | ||
4.00%, 10/15/30 (a)(b) | 225,000 | 206,310 |
State Street Corp. | ||
3.30%, 12/16/24 | 400,000 | 390,307 |
3.55%, 08/18/25 | 571,000 | 556,279 |
2.35%, 11/01/25 (a)(b) | 450,000 | 429,414 |
2.90%, 03/30/26 (a)(b) | 100,000 | 95,317 |
2.65%, 05/19/26 | 250,000 | 235,468 |
4.14%, 12/03/29 (a)(b) | 300,000 | 284,376 |
2.40%, 01/24/30 | 250,000 | 212,816 |
2.20%, 03/03/31 | 200,000 | 160,310 |
3.15%, 03/30/31 (a)(b) | 200,000 | 176,067 |
2.62%, 02/07/33 (a)(b) | 150,000 | 122,865 |
4.42%, 05/13/33 (a)(b) | 200,000 | 189,011 |
3.03%, 11/01/34 (a)(b) | 100,000 | 84,445 |
Sumitomo Mitsui Banking Corp. | ||
3.95%, 01/10/24 | 250,000 | 246,711 |
3.40%, 07/11/24 | 400,000 | 388,629 |
3.65%, 07/23/25 | 250,000 | 240,551 |
Sumitomo Mitsui Financial Group, Inc. | ||
2.70%, 07/16/24 | 400,000 | 384,075 |
2.45%, 09/27/24 | 350,000 | 332,847 |
2.35%, 01/15/25 | 250,000 | 236,637 |
1.47%, 07/08/25 | 750,000 | 684,021 |
3.78%, 03/09/26 | 550,000 | 531,424 |
2.63%, 07/14/26 | 700,000 | 641,955 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.40%, 09/17/26 | 500,000 | 435,334 |
3.01%, 10/19/26 | 400,000 | 371,775 |
3.45%, 01/11/27 | 300,000 | 280,689 |
2.17%, 01/14/27 | 200,000 | 177,423 |
3.36%, 07/12/27 | 600,000 | 554,656 |
3.54%, 01/17/28 | 300,000 | 278,866 |
3.94%, 07/19/28 | 150,000 | 141,354 |
1.90%, 09/17/28 | 700,000 | 579,007 |
4.31%, 10/16/28 | 250,000 | 235,606 |
3.04%, 07/16/29 | 750,000 | 651,046 |
3.20%, 09/17/29 | 50,000 | 43,323 |
2.72%, 09/27/29 | 200,000 | 168,829 |
2.75%, 01/15/30 | 450,000 | 378,070 |
2.13%, 07/08/30 | 450,000 | 357,295 |
2.14%, 09/23/30 | 350,000 | 270,685 |
2.22%, 09/17/31 | 350,000 | 270,600 |
2.93%, 09/17/41 | 250,000 | 167,525 |
SVB Financial Group | ||
3.50%, 01/29/25 | 100,000 | 96,246 |
3.13%, 06/05/30 (a) | 250,000 | 206,018 |
1.80%, 02/02/31 (a) | 350,000 | 255,039 |
4.57%, 04/29/33 (a)(b) | 250,000 | 220,909 |
Synchrony Bank | ||
5.40%, 08/22/25 (a) | 250,000 | 247,315 |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 158,000 | 155,227 |
4.25%, 08/15/24 (a) | 250,000 | 244,654 |
3.70%, 08/04/26 (a) | 450,000 | 416,036 |
3.95%, 12/01/27 (a) | 450,000 | 402,137 |
5.15%, 03/19/29 (a) | 450,000 | 426,242 |
Toronto-Dominion Bank | ||
0.55%, 03/04/24 | 150,000 | 142,646 |
3.25%, 03/11/24 | 400,000 | 391,603 |
2.65%, 06/12/24 | 500,000 | 484,323 |
0.70%, 09/10/24 | 300,000 | 279,319 |
1.45%, 01/10/25 | 200,000 | 186,440 |
3.77%, 06/06/25 | 400,000 | 388,455 |
1.15%, 06/12/25 | 500,000 | 456,055 |
0.75%, 09/11/25 | 525,000 | 470,028 |
0.75%, 01/06/26 | 375,000 | 332,177 |
1.20%, 06/03/26 | 500,000 | 441,400 |
1.25%, 09/10/26 | 500,000 | 437,599 |
1.95%, 01/12/27 | 250,000 | 223,646 |
2.80%, 03/10/27 | 350,000 | 321,035 |
4.11%, 06/08/27 (d) | 500,000 | 483,346 |
4.69%, 09/15/27 | 500,000 | 494,631 |
2.00%, 09/10/31 | 200,000 | 157,660 |
3.63%, 09/15/31 (a)(b) | 500,000 | 461,343 |
3.20%, 03/10/32 | 450,000 | 388,664 |
4.46%, 06/08/32 | 600,000 | 571,611 |
Truist Bank | ||
3.20%, 04/01/24 (a) | 350,000 | 342,176 |
1.50%, 03/10/25 (a) | 400,000 | 371,541 |
3.63%, 09/16/25 (a) | 500,000 | 481,225 |
4.05%, 11/03/25 (a) | 350,000 | 344,563 |
3.30%, 05/15/26 (a) | 150,000 | 141,378 |
3.80%, 10/30/26 (a) | 250,000 | 237,344 |
2.25%, 03/11/30 (a) | 600,000 | 485,683 |
Truist Financial Corp. | ||
2.50%, 08/01/24 (a) | 160,000 | 153,724 |
2.85%, 10/26/24 (a) | 100,000 | 96,521 |
4.00%, 05/01/25 (a) | 300,000 | 294,038 |
3.70%, 06/05/25 (a) | 230,000 | 223,768 |
1.20%, 08/05/25 (a) | 400,000 | 366,548 |
4.26%, 07/28/26 (a)(b) | 400,000 | 393,824 |
1.27%, 03/02/27 (a)(b) | 300,000 | 266,913 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.13%, 08/03/27 (a) | 600,000 | 506,895 |
4.12%, 06/06/28 (a)(b) | 300,000 | 287,748 |
3.88%, 03/19/29 (a) | 200,000 | 184,618 |
1.89%, 06/07/29 (a)(b) | 350,000 | 295,311 |
1.95%, 06/05/30 (a) | 75,000 | 60,432 |
4.92%, 07/28/33 (a)(b) | 300,000 | 282,238 |
US Bancorp | ||
3.70%, 01/30/24 (a) | 250,000 | 246,980 |
3.38%, 02/05/24 (a) | 450,000 | 442,352 |
2.40%, 07/30/24 (a) | 400,000 | 384,815 |
3.60%, 09/11/24 (a) | 300,000 | 294,130 |
1.45%, 05/12/25 (a) | 500,000 | 464,186 |
3.95%, 11/17/25 (a) | 300,000 | 293,989 |
3.10%, 04/27/26 (a) | 100,000 | 94,652 |
2.38%, 07/22/26 (a) | 400,000 | 369,761 |
5.73%, 10/21/26 (a)(b) | 400,000 | 408,100 |
3.15%, 04/27/27 (a) | 400,000 | 376,312 |
3.90%, 04/26/28 (a) | 450,000 | 432,144 |
4.55%, 07/22/28 (a)(b) | 500,000 | 490,172 |
1.38%, 07/22/30 (a) | 450,000 | 349,565 |
2.68%, 01/27/33 (a)(b) | 250,000 | 206,678 |
4.97%, 07/22/33 (a)(b) | 400,000 | 380,977 |
5.85%, 10/21/33 (a)(b) | 400,000 | 416,599 |
2.49%, 11/03/36 (a)(b) | 400,000 | 305,542 |
US Bank NA | ||
2.05%, 01/21/25 (a) | 300,000 | 284,594 |
2.80%, 01/27/25 (a) | 250,000 | 241,176 |
Valley National Bancorp | ||
3.00%, 06/15/31 (a)(b) | 150,000 | 131,972 |
Wachovia Corp. | ||
7.57%, 08/01/26 | 200,000 | 215,861 |
5.50%, 08/01/35 | 200,000 | 195,232 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 150,000 | 136,602 |
Wells Fargo & Co. | ||
4.48%, 01/16/24 | 200,000 | 198,836 |
3.75%, 01/24/24 (a) | 800,000 | 790,781 |
3.30%, 09/09/24 | 550,000 | 534,600 |
3.00%, 02/19/25 | 700,000 | 671,174 |
3.55%, 09/29/25 | 750,000 | 721,786 |
2.41%, 10/30/25 (a)(b) | 900,000 | 853,008 |
2.16%, 02/11/26 (a)(b) | 1,000,000 | 933,563 |
3.00%, 04/22/26 | 1,050,000 | 982,942 |
3.91%, 04/25/26 (a)(b) | 800,000 | 778,256 |
2.19%, 04/30/26 (a)(b) | 1,000,000 | 931,182 |
4.10%, 06/03/26 | 600,000 | 580,660 |
4.54%, 08/15/26 (a)(b) | 300,000 | 294,406 |
3.00%, 10/23/26 | 1,000,000 | 925,457 |
3.20%, 06/17/27 (a)(b) | 750,000 | 697,407 |
4.30%, 07/22/27 | 800,000 | 771,150 |
3.53%, 03/24/28 (a)(b) | 1,075,000 | 997,726 |
3.58%, 05/22/28 (a)(b) | 950,000 | 881,115 |
2.39%, 06/02/28 (a)(b) | 750,000 | 662,536 |
4.81%, 07/25/28 (a)(b) | 750,000 | 731,769 |
4.15%, 01/24/29 (a) | 750,000 | 706,050 |
7.95%, 11/15/29 | 100,000 | 109,674 |
2.88%, 10/30/30 (a)(b) | 1,025,000 | 873,273 |
2.57%, 02/11/31 (a)(b) | 900,000 | 746,568 |
4.48%, 04/04/31 (a)(b) | 700,000 | 656,553 |
3.35%, 03/02/33 (a)(b) | 1,000,000 | 843,508 |
4.90%, 07/25/33 (a)(b) | 1,000,000 | 949,264 |
5.38%, 02/07/35 | 100,000 | 98,800 |
5.95%, 12/15/36 | 175,000 | 169,969 |
3.07%, 04/30/41 (a)(b) | 1,150,000 | 822,508 |
5.38%, 11/02/43 | 600,000 | 561,651 |
5.61%, 01/15/44 | 700,000 | 682,028 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.65%, 11/04/44 | 600,000 | 508,561 |
3.90%, 05/01/45 | 600,000 | 462,627 |
4.90%, 11/17/45 | 400,000 | 347,003 |
4.40%, 06/14/46 | 550,000 | 440,256 |
4.75%, 12/07/46 | 600,000 | 503,912 |
5.01%, 04/04/51 (a)(b) | 1,550,000 | 1,380,306 |
4.61%, 04/25/53 (a)(b) | 850,000 | 722,850 |
Wells Fargo Bank NA | ||
5.95%, 08/26/36 | 275,000 | 277,706 |
5.85%, 02/01/37 | 350,000 | 353,244 |
6.60%, 01/15/38 | 200,000 | 217,327 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 200,000 | 170,498 |
Westpac Banking Corp. | ||
3.30%, 02/26/24 | 250,000 | 245,771 |
5.35%, 10/18/24 | 350,000 | 352,662 |
1.02%, 11/18/24 | 300,000 | 279,309 |
2.35%, 02/19/25 | 400,000 | 379,748 |
2.85%, 05/13/26 | 500,000 | 468,865 |
1.15%, 06/03/26 | 400,000 | 354,070 |
2.70%, 08/19/26 | 550,000 | 511,003 |
3.35%, 03/08/27 | 400,000 | 377,285 |
5.46%, 11/18/27 | 350,000 | 358,137 |
3.40%, 01/25/28 | 300,000 | 281,338 |
1.95%, 11/20/28 | 150,000 | 127,993 |
2.65%, 01/16/30 | 250,000 | 217,429 |
2.89%, 02/04/30 (a)(b) | 400,000 | 367,104 |
2.15%, 06/03/31 | 375,000 | 311,823 |
4.32%, 11/23/31 (a)(b) | 550,000 | 515,972 |
5.41%, 08/10/33 (a)(b) | 250,000 | 234,318 |
4.11%, 07/24/34 (a)(b) | 400,000 | 343,442 |
2.67%, 11/15/35 (a)(b) | 300,000 | 223,140 |
3.02%, 11/18/36 (a)(b) | 250,000 | 185,805 |
4.42%, 07/24/39 | 400,000 | 331,526 |
2.96%, 11/16/40 | 400,000 | 264,962 |
3.13%, 11/18/41 | 300,000 | 198,661 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 300,000 | 246,265 |
388,469,955 | ||
Brokerage/Asset Managers/Exchanges 0.3% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 125,000 | 123,638 |
3.30%, 06/15/30 (a) | 200,000 | 168,083 |
Ameriprise Financial, Inc. | ||
3.70%, 10/15/24 | 275,000 | 268,279 |
3.00%, 04/02/25 (a) | 150,000 | 143,799 |
2.88%, 09/15/26 (a) | 150,000 | 139,627 |
BGC Partners, Inc. | ||
3.75%, 10/01/24 (a) | 50,000 | 47,851 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 200,000 | 196,931 |
3.20%, 03/15/27 | 225,000 | 213,437 |
3.25%, 04/30/29 (a) | 500,000 | 462,899 |
2.40%, 04/30/30 (a) | 300,000 | 256,543 |
1.90%, 01/28/31 (a) | 500,000 | 405,339 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 150,000 | 146,781 |
Brookfield Finance I UK PLC | ||
2.34%, 01/30/32 (a) | 100,000 | 76,263 |
Brookfield Finance LLC | ||
3.45%, 04/15/50 (a) | 200,000 | 127,779 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 250,000 | 245,921 |
3.90%, 01/25/28 (a) | 450,000 | 414,934 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 03/29/29 (a) | 350,000 | 335,093 |
4.35%, 04/15/30 (a) | 250,000 | 227,554 |
4.70%, 09/20/47 (a) | 300,000 | 241,210 |
3.50%, 03/30/51 (a) | 200,000 | 128,510 |
3.63%, 02/15/52 (a) | 175,000 | 114,915 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 250,000 | 239,442 |
1.63%, 12/15/30 (a) | 50,000 | 39,025 |
3.00%, 03/16/32 (a) | 100,000 | 83,675 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 275,000 | 209,555 |
4.10%, 06/15/51 (a) | 275,000 | 164,076 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 200,000 | 193,683 |
3.75%, 06/15/28 (a) | 200,000 | 193,229 |
5.30%, 09/15/43 (a) | 300,000 | 310,090 |
4.15%, 06/15/48 (a) | 250,000 | 224,555 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 100,000 | 95,131 |
4.50%, 06/20/28 (a) | 150,000 | 146,530 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 123,000 | 114,830 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 125,000 | 119,221 |
1.60%, 10/30/30 (a) | 250,000 | 192,796 |
2.95%, 08/12/51 (a) | 100,000 | 62,585 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 (a) | 350,000 | 342,823 |
3.75%, 12/01/25 (a) | 250,000 | 243,569 |
3.10%, 09/15/27 (a) | 200,000 | 185,982 |
4.00%, 09/15/27 (a) | 450,000 | 435,063 |
3.75%, 09/21/28 (a) | 200,000 | 189,418 |
4.35%, 06/15/29 (a) | 300,000 | 290,612 |
2.10%, 06/15/30 (a) | 350,000 | 286,244 |
1.85%, 09/15/32 (a) | 500,000 | 376,757 |
4.60%, 03/15/33 (a) | 425,000 | 408,041 |
2.65%, 09/15/40 (a) | 350,000 | 243,571 |
4.25%, 09/21/48 (a) | 275,000 | 231,178 |
3.00%, 06/15/50 (a) | 375,000 | 251,978 |
4.95%, 06/15/52 (a) | 400,000 | 371,457 |
3.00%, 09/15/60 (a) | 450,000 | 280,938 |
5.20%, 06/15/62 (a) | 300,000 | 284,698 |
Invesco Finance PLC | ||
4.00%, 01/30/24 | 50,000 | 49,626 |
3.75%, 01/15/26 | 275,000 | 264,500 |
5.38%, 11/30/43 | 100,000 | 93,449 |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25 (a) | 150,000 | 147,934 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 200,000 | 197,433 |
4.15%, 01/23/30 | 300,000 | 268,438 |
2.63%, 10/15/31 (a) | 300,000 | 230,670 |
2.75%, 10/15/32 (a) | 150,000 | 113,170 |
Jefferies Group LLC | ||
6.45%, 06/08/27 | 100,000 | 104,138 |
6.25%, 01/15/36 | 150,000 | 152,669 |
6.50%, 01/20/43 | 75,000 | 73,503 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 50,000 | 48,344 |
3.63%, 03/01/27 (a) | 100,000 | 92,978 |
4.50%, 09/19/28 (a) | 100,000 | 92,952 |
4.38%, 03/11/29 (a) | 250,000 | 231,472 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 150,000 | 150,746 |
5.63%, 01/15/44 | 176,000 | 173,196 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 150,000 | 145,042 |
2.50%, 12/21/40 (a) | 350,000 | 227,588 |
3.25%, 04/28/50 (a) | 225,000 | 152,151 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 500,000 | 472,707 |
1.85%, 07/16/25 | 500,000 | 456,069 |
1.65%, 07/14/26 | 500,000 | 436,586 |
2.33%, 01/22/27 | 400,000 | 351,167 |
2.17%, 07/14/28 | 400,000 | 331,001 |
3.10%, 01/16/30 | 500,000 | 416,729 |
2.68%, 07/16/30 | 350,000 | 280,757 |
2.61%, 07/14/31 | 200,000 | 154,684 |
3.00%, 01/22/32 | 200,000 | 157,764 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 200,000 | 193,008 |
4.95%, 07/15/46 | 200,000 | 179,798 |
3.75%, 04/01/51 (a) | 200,000 | 146,062 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 100,000 | 98,143 |
4.00%, 05/15/30 (a) | 200,000 | 173,906 |
The Charles Schwab Corp. | ||
3.55%, 02/01/24 (a)(e) | 125,000 | 123,351 |
0.75%, 03/18/24 (a)(e) | 400,000 | 380,421 |
3.75%, 04/01/24 (a)(e) | 80,000 | 78,848 |
3.00%, 03/10/25 (a)(e) | 75,000 | 72,189 |
4.20%, 03/24/25 (a)(e) | 150,000 | 148,416 |
3.63%, 04/01/25 (a)(e) | 100,000 | 97,517 |
3.85%, 05/21/25 (a)(e) | 200,000 | 195,396 |
3.45%, 02/13/26 (a)(e) | 75,000 | 72,709 |
0.90%, 03/11/26 (a)(e) | 325,000 | 288,169 |
1.15%, 05/13/26 (a)(e) | 250,000 | 222,469 |
3.20%, 03/02/27 (a)(e) | 175,000 | 164,842 |
2.45%, 03/03/27 (a)(e) | 400,000 | 366,072 |
3.30%, 04/01/27 (a)(e) | 175,000 | 166,021 |
3.20%, 01/25/28 (a)(e) | 175,000 | 163,390 |
2.00%, 03/20/28 (a)(e) | 325,000 | 285,768 |
4.00%, 02/01/29 (a)(e) | 150,000 | 142,884 |
3.25%, 05/22/29 (a)(e) | 150,000 | 136,225 |
2.75%, 10/01/29 (a)(e) | 125,000 | 109,189 |
4.63%, 03/22/30 (a)(e) | 125,000 | 122,891 |
1.65%, 03/11/31 (a)(e) | 200,000 | 155,971 |
2.30%, 05/13/31 (a)(e) | 200,000 | 163,819 |
1.95%, 12/01/31 (a)(e) | 225,000 | 176,691 |
2.90%, 03/03/32 (a)(e) | 250,000 | 212,768 |
22,200,534 | ||
Finance Companies 0.3% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.88%, 01/16/24 (a) | 250,000 | 247,784 |
3.15%, 02/15/24 (a) | 200,000 | 194,200 |
2.88%, 08/14/24 (a) | 150,000 | 142,185 |
1.65%, 10/29/24 (a) | 850,000 | 785,412 |
1.75%, 10/29/24 (a) | 350,000 | 323,013 |
3.50%, 01/15/25 (a) | 300,000 | 286,802 |
6.50%, 07/15/25 (a) | 350,000 | 355,688 |
4.45%, 10/01/25 (a) | 150,000 | 144,775 |
1.75%, 01/30/26 (a) | 300,000 | 264,564 |
4.45%, 04/03/26 (a) | 350,000 | 336,504 |
2.45%, 10/29/26 (a) | 750,000 | 656,848 |
3.65%, 07/21/27 (a) | 300,000 | 272,450 |
4.63%, 10/15/27 (a) | 150,000 | 139,817 |
3.88%, 01/23/28 (a) | 200,000 | 180,721 |
3.00%, 10/29/28 (a) | 1,000,000 | 840,644 |
3.30%, 01/30/32 (a) | 1,175,000 | 919,087 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.40%, 10/29/33 (a) | 400,000 | 304,498 |
3.85%, 10/29/41 (a) | 450,000 | 318,032 |
Air Lease Corp. | ||
0.70%, 02/15/24 (a) | 250,000 | 236,366 |
4.25%, 09/15/24 (a) | 400,000 | 391,751 |
2.30%, 02/01/25 (a) | 250,000 | 233,370 |
3.25%, 03/01/25 (a) | 200,000 | 190,092 |
3.38%, 07/01/25 (a) | 100,000 | 94,413 |
2.88%, 01/15/26 (a) | 200,000 | 185,318 |
3.75%, 06/01/26 (a) | 250,000 | 234,627 |
1.88%, 08/15/26 (a) | 200,000 | 174,399 |
3.63%, 04/01/27 (a) | 300,000 | 274,017 |
3.63%, 12/01/27 (a) | 249,000 | 225,603 |
2.10%, 09/01/28 (a) | 200,000 | 163,590 |
4.63%, 10/01/28 (a) | 200,000 | 187,574 |
3.25%, 10/01/29 (a) | 250,000 | 213,493 |
3.00%, 02/01/30 (a) | 250,000 | 209,394 |
3.13%, 12/01/30 (a) | 100,000 | 83,019 |
2.88%, 01/15/32 (a) | 250,000 | 199,625 |
Aircastle Ltd. | ||
4.13%, 05/01/24 (a) | 250,000 | 242,211 |
4.25%, 06/15/26 (a) | 200,000 | 188,581 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 300,000 | 290,251 |
4.25%, 03/01/25 (a) | 100,000 | 95,061 |
3.25%, 07/15/25 (a) | 350,000 | 323,083 |
3.88%, 01/15/26 (a) | 400,000 | 367,939 |
2.15%, 07/15/26 (a) | 300,000 | 254,762 |
2.88%, 06/15/27 (a) | 150,000 | 127,878 |
2.88%, 06/15/28 (a) | 350,000 | 281,898 |
3.20%, 11/15/31 (a) | 250,000 | 184,122 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 200,000 | 173,323 |
Blackstone Private Credit Fund | ||
2.35%, 11/22/24 | 150,000 | 137,425 |
2.70%, 01/15/25 (a) | 200,000 | 184,434 |
4.70%, 03/24/25 | 200,000 | 192,365 |
2.63%, 12/15/26 (a) | 300,000 | 248,944 |
3.25%, 03/15/27 (a) | 400,000 | 337,669 |
4.00%, 01/15/29 (a) | 300,000 | 248,143 |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 275,000 | 253,404 |
2.75%, 09/16/26 (a) | 200,000 | 175,506 |
2.13%, 02/15/27 (a) | 250,000 | 207,220 |
2.85%, 09/30/28 (a) | 150,000 | 117,391 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 200,000 | 193,940 |
4.13%, 02/01/25 (a) | 300,000 | 282,148 |
3.40%, 01/15/26 (a) | 350,000 | 311,199 |
3.13%, 10/12/28 (a) | 250,000 | 202,752 |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 100,000 | 99,091 |
3.85%, 03/30/27 (a) | 300,000 | 281,822 |
3.50%, 03/15/28 (a) | 100,000 | 90,811 |
4.55%, 11/07/28 (a) | 350,000 | 332,113 |
4.70%, 04/01/29 (a) | 255,000 | 243,666 |
5.20%, 03/15/44 (a) | 200,000 | 173,787 |
3.10%, 06/01/51 (a) | 150,000 | 90,997 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 150,000 | 144,635 |
2.88%, 01/15/26 (a) | 200,000 | 184,413 |
Golub Capital BDC, Inc. | ||
3.38%, 04/15/24 (a) | 200,000 | 192,182 |
2.50%, 08/24/26 (a) | 200,000 | 170,929 |
2.05%, 02/15/27 (a) | 100,000 | 81,901 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hercules Capital, Inc. | ||
3.38%, 01/20/27 (a) | 250,000 | 214,390 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 150,000 | 148,159 |
3.00%, 07/14/26 (a) | 150,000 | 129,736 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 150,000 | 138,815 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 200,000 | 190,301 |
2.70%, 01/15/27 (a) | 150,000 | 129,156 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 150,000 | 148,201 |
4.00%, 03/30/25 (a) | 250,000 | 235,267 |
4.25%, 01/15/26 (a) | 200,000 | 184,973 |
3.40%, 07/15/26 (a) | 450,000 | 395,010 |
2.63%, 01/15/27 (a) | 150,000 | 124,171 |
Owl Rock Capital Corp. III | ||
3.13%, 04/13/27 (a) | 100,000 | 83,189 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a) | 100,000 | 85,781 |
4.70%, 02/08/27 (a) | 200,000 | 180,003 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 100,000 | 81,840 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 150,000 | 131,979 |
3.36%, 11/15/26 (a) | 150,000 | 125,352 |
3.44%, 10/15/28 (a) | 100,000 | 77,672 |
Sixth Street Specialty Lending, Inc. | ||
2.50%, 08/01/26 (a) | 200,000 | 175,575 |
20,697,241 | ||
Financial Other 0.0% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 125,000 | 106,423 |
ORIX Corp. | ||
4.05%, 01/16/24 | 150,000 | 147,960 |
3.25%, 12/04/24 | 250,000 | 240,880 |
3.70%, 07/18/27 | 143,000 | 134,336 |
2.25%, 03/09/31 | 190,000 | 150,137 |
5.20%, 09/13/32 | 200,000 | 195,608 |
975,344 | ||
Insurance 1.1% | ||
ACE Capital Trust II | ||
9.70%, 04/01/30 | 200,000 | 248,989 |
Ace INA Holdings, Inc. | ||
4.35%, 11/03/45 (a) | 400,000 | 347,938 |
Aegon N.V. | ||
5.50%, 04/11/48 (a)(b) | 250,000 | 225,654 |
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 300,000 | 291,810 |
6.63%, 06/15/36 | 200,000 | 213,075 |
6.75%, 12/15/37 | 150,000 | 161,170 |
4.50%, 05/15/42 (a) | 200,000 | 173,689 |
4.13%, 11/15/42 (a) | 150,000 | 123,119 |
4.75%, 03/15/44 (a) | 100,000 | 88,544 |
3.88%, 08/15/47 (a) | 150,000 | 116,140 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 150,000 | 133,038 |
3.60%, 04/01/30 (a) | 350,000 | 317,095 |
4.00%, 10/15/46 (a) | 150,000 | 116,078 |
4.75%, 01/15/49 (a) | 150,000 | 134,555 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 200,000 | 185,615 |
3.25%, 08/15/51 (a) | 200,000 | 142,458 |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 200,000 | 191,398 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 133,335 |
3.28%, 12/15/26 (a) | 250,000 | 237,877 |
1.45%, 12/15/30 (a) | 300,000 | 229,508 |
5.35%, 06/01/33 | 79,000 | 79,154 |
5.55%, 05/09/35 | 200,000 | 204,898 |
4.50%, 06/15/43 | 100,000 | 88,881 |
4.20%, 12/15/46 (a) | 276,000 | 229,638 |
3.85%, 08/10/49 (a) | 150,000 | 117,189 |
6.50%, 05/15/57 (a)(b) | 100,000 | 97,411 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 100,000 | 95,455 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 100,000 | 98,569 |
4.50%, 06/15/47 (a) | 200,000 | 160,138 |
American International Group, Inc. | ||
4.13%, 02/15/24 | 200,000 | 198,093 |
2.50%, 06/30/25 (a) | 333,000 | 314,074 |
3.90%, 04/01/26 (a) | 250,000 | 242,074 |
3.40%, 06/30/30 (a) | 100,000 | 88,465 |
3.88%, 01/15/35 (a) | 200,000 | 174,384 |
6.25%, 05/01/36 | 150,000 | 158,852 |
4.50%, 07/16/44 (a) | 200,000 | 173,141 |
4.80%, 07/10/45 (a) | 175,000 | 156,765 |
4.75%, 04/01/48 (a) | 250,000 | 223,673 |
5.75%, 04/01/48 (a)(b) | 210,000 | 202,257 |
4.38%, 06/30/50 (a) | 300,000 | 255,848 |
Anthem, Inc. | ||
3.50%, 08/15/24 (a) | 250,000 | 243,941 |
3.35%, 12/01/24 (a) | 300,000 | 291,662 |
2.38%, 01/15/25 (a) | 300,000 | 284,999 |
3.65%, 12/01/27 (a) | 500,000 | 472,037 |
4.10%, 03/01/28 (a) | 450,000 | 431,909 |
2.88%, 09/15/29 (a) | 210,000 | 184,506 |
2.25%, 05/15/30 (a) | 350,000 | 290,815 |
2.55%, 03/15/31 (a) | 100,000 | 83,965 |
5.95%, 12/15/34 | 100,000 | 104,515 |
5.85%, 01/15/36 | 100,000 | 102,560 |
6.38%, 06/15/37 | 50,000 | 53,771 |
4.63%, 05/15/42 | 200,000 | 182,180 |
4.65%, 01/15/43 | 300,000 | 272,068 |
5.10%, 01/15/44 | 200,000 | 190,569 |
4.65%, 08/15/44 (a) | 250,000 | 223,470 |
4.38%, 12/01/47 (a) | 400,000 | 344,421 |
4.55%, 03/01/48 (a) | 400,000 | 352,748 |
3.70%, 09/15/49 (a) | 250,000 | 191,395 |
3.13%, 05/15/50 (a) | 450,000 | 311,817 |
3.60%, 03/15/51 (a) | 150,000 | 113,181 |
4.55%, 05/15/52 (a) | 200,000 | 175,470 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 105,226 |
4.50%, 12/15/28 (a) | 100,000 | 96,522 |
3.75%, 05/02/29 (a) | 100,000 | 92,837 |
2.80%, 05/15/30 (a) | 250,000 | 213,788 |
2.05%, 08/23/31 (a) | 200,000 | 159,234 |
5.00%, 09/12/32 (a) | 150,000 | 148,783 |
6.25%, 09/30/40 | 150,000 | 154,178 |
2.90%, 08/23/51 (a) | 200,000 | 127,449 |
3.90%, 02/28/52 (a) | 250,000 | 193,740 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Aon PLC | ||
3.50%, 06/14/24 (a) | 200,000 | 195,407 |
3.88%, 12/15/25 (a) | 300,000 | 292,656 |
4.60%, 06/14/44 (a) | 200,000 | 171,213 |
4.75%, 05/15/45 (a) | 200,000 | 172,747 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 200,000 | 191,414 |
5.03%, 12/15/46 (a) | 150,000 | 129,754 |
Arch Capital Group Ltd. | ||
3.64%, 06/30/50 (a) | 275,000 | 193,674 |
Arch Capital Group US, Inc. | ||
5.14%, 11/01/43 | 250,000 | 224,210 |
Arthur J Gallagher & Co. | ||
3.50%, 05/20/51 (a) | 300,000 | 210,683 |
3.05%, 03/09/52 (a) | 150,000 | 95,282 |
Assurant, Inc. | ||
4.20%, 09/27/23 (a) | 75,000 | 74,228 |
4.90%, 03/27/28 (a) | 50,000 | 48,106 |
3.70%, 02/22/30 (a) | 100,000 | 85,083 |
2.65%, 01/15/32 (a) | 100,000 | 74,256 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 132,000 | 131,702 |
3.15%, 06/15/31 (a) | 200,000 | 169,251 |
3.60%, 09/15/51 (a) | 50,000 | 32,830 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 300,000 | 276,466 |
6.15%, 04/03/30 (a) | 150,000 | 151,681 |
3.50%, 01/15/31 (a) | 150,000 | 123,960 |
3.95%, 05/25/51 (a) | 300,000 | 206,727 |
AXA S.A. | ||
8.60%, 12/15/30 | 200,000 | 242,952 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 100,000 | 89,085 |
4.90%, 01/15/40 (a)(b) | 50,000 | 41,236 |
AXIS Specialty Finance PLC | ||
4.00%, 12/06/27 (a) | 150,000 | 139,704 |
Berkshire Hathaway Finance Corp. | ||
2.30%, 03/15/27 (a) | 250,000 | 231,396 |
1.85%, 03/12/30 (a) | 150,000 | 125,613 |
1.45%, 10/15/30 (a) | 200,000 | 159,701 |
2.88%, 03/15/32 (a) | 200,000 | 173,648 |
5.75%, 01/15/40 | 150,000 | 163,691 |
4.40%, 05/15/42 | 250,000 | 229,999 |
4.30%, 05/15/43 | 100,000 | 90,474 |
4.20%, 08/15/48 (a) | 750,000 | 662,017 |
4.25%, 01/15/49 (a) | 600,000 | 537,638 |
2.85%, 10/15/50 (a) | 525,000 | 353,937 |
2.50%, 01/15/51 (a) | 300,000 | 190,345 |
3.85%, 03/15/52 (a) | 775,000 | 627,217 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 750,000 | 720,228 |
4.50%, 02/11/43 | 50,000 | 46,941 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 200,000 | 186,377 |
5.63%, 05/15/30 (a) | 200,000 | 190,564 |
4.70%, 06/22/47 (a) | 285,000 | 210,811 |
3.85%, 12/22/51 (a) | 150,000 | 95,278 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 145,000 | 142,423 |
4.50%, 03/15/29 (a) | 50,000 | 46,424 |
2.38%, 03/15/31 (a) | 200,000 | 152,694 |
4.20%, 03/17/32 (a) | 175,000 | 151,987 |
4.95%, 03/17/52 (a) | 200,000 | 163,439 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 650,000 | 611,290 |
2.45%, 07/15/28 (a) | 600,000 | 506,853 |
4.63%, 12/15/29 (a) | 900,000 | 826,364 |
3.38%, 02/15/30 (a) | 500,000 | 424,006 |
3.00%, 10/15/30 (a) | 500,000 | 410,472 |
2.50%, 03/01/31 (a) | 600,000 | 470,572 |
2.63%, 08/01/31 (a) | 300,000 | 236,049 |
Chubb Corp. | ||
6.00%, 05/11/37 | 200,000 | 212,795 |
6.50%, 05/15/38 | 260,000 | 289,993 |
Chubb INA Holdings, Inc. | ||
3.15%, 03/15/25 | 200,000 | 193,252 |
3.35%, 05/03/26 (a) | 500,000 | 479,662 |
1.38%, 09/15/30 (a) | 350,000 | 272,463 |
2.85%, 12/15/51 (a) | 150,000 | 100,845 |
3.05%, 12/15/61 (a) | 300,000 | 195,324 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 200,000 | 213,726 |
6.13%, 11/01/34 | 50,000 | 51,798 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 100,000 | 98,360 |
4.50%, 03/01/26 (a) | 200,000 | 197,927 |
3.45%, 08/15/27 (a) | 150,000 | 139,465 |
3.90%, 05/01/29 (a) | 25,000 | 22,907 |
2.05%, 08/15/30 (a) | 250,000 | 197,904 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 50,000 | 49,719 |
5.25%, 05/30/29 (a) | 220,000 | 210,097 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(c) | 250,000 | 239,814 |
3.65%, 04/05/27 (a)(c) | 400,000 | 373,543 |
3.85%, 04/05/29 (a)(c) | 400,000 | 365,232 |
3.90%, 04/05/32 (a)(c) | 450,000 | 394,655 |
4.35%, 04/05/42 (a)(c) | 150,000 | 123,033 |
4.40%, 04/05/52 (a)(c) | 350,000 | 279,527 |
Elevance Health, Inc. | ||
1.50%, 03/15/26 (a) | 350,000 | 314,882 |
5.50%, 10/15/32 (a) | 200,000 | 205,097 |
6.10%, 10/15/52 (a) | 200,000 | 215,652 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 250,000 | 229,741 |
3.10%, 09/01/31 (a) | 75,000 | 54,980 |
Equitable Holdings, Inc. | ||
4.35%, 04/20/28 (a) | 550,000 | 525,025 |
5.00%, 04/20/48 (a) | 450,000 | 396,109 |
Everest Reinsurance Holdings, Inc. | ||
4.87%, 06/01/44 | 115,000 | 98,433 |
3.50%, 10/15/50 (a) | 300,000 | 202,840 |
3.13%, 10/15/52 (a) | 300,000 | 187,850 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 250,000 | 237,425 |
4.63%, 04/29/30 (a) | 300,000 | 272,917 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 150,000 | 142,980 |
3.40%, 06/15/30 (a) | 200,000 | 169,229 |
2.45%, 03/15/31 (a) | 300,000 | 228,926 |
3.20%, 09/17/51 (a) | 50,000 | 29,300 |
First American Financial Corp. | ||
4.60%, 11/15/24 | 100,000 | 98,715 |
4.00%, 05/15/30 (a) | 150,000 | 127,589 |
2.40%, 08/15/31 (a) | 200,000 | 147,038 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 170,000 | 165,688 |
2.15%, 08/15/30 (a) | 200,000 | 158,737 |
4.80%, 06/15/32 (a) | 100,000 | 95,008 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 150,000 | 146,529 |
2.50%, 09/01/30 (a) | 100,000 | 77,150 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 145,000 | 124,360 |
5.95%, 10/15/36 | 100,000 | 99,765 |
6.10%, 10/01/41 | 150,000 | 151,924 |
4.40%, 03/15/48 (a) | 225,000 | 186,936 |
3.60%, 08/19/49 (a) | 300,000 | 218,120 |
Humana, Inc. | ||
3.85%, 10/01/24 (a) | 200,000 | 196,146 |
4.50%, 04/01/25 (a) | 200,000 | 197,779 |
1.35%, 02/03/27 (a) | 250,000 | 216,108 |
3.95%, 03/15/27 (a) | 150,000 | 143,919 |
3.70%, 03/23/29 (a) | 250,000 | 228,830 |
3.13%, 08/15/29 (a) | 100,000 | 87,909 |
4.88%, 04/01/30 (a) | 200,000 | 195,740 |
2.15%, 02/03/32 (a) | 250,000 | 195,854 |
4.63%, 12/01/42 (a) | 100,000 | 87,510 |
4.95%, 10/01/44 (a) | 250,000 | 226,710 |
4.80%, 03/15/47 (a) | 150,000 | 132,690 |
3.95%, 08/15/49 (a) | 150,000 | 118,530 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a) | 150,000 | 116,283 |
5.67%, 06/08/32 (a) | 100,000 | 94,570 |
4.00%, 11/23/51 (a) | 150,000 | 96,343 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 100,000 | 97,527 |
2.40%, 09/30/30 (a) | 350,000 | 271,795 |
Lincoln National Corp. | ||
3.35%, 03/09/25 | 168,000 | 161,784 |
3.63%, 12/12/26 (a) | 104,000 | 97,721 |
3.80%, 03/01/28 (a) | 150,000 | 138,184 |
3.05%, 01/15/30 (a) | 150,000 | 124,372 |
3.40%, 01/15/31 (a) | 150,000 | 124,019 |
6.30%, 10/09/37 | 150,000 | 148,445 |
7.00%, 06/15/40 | 100,000 | 104,095 |
4.35%, 03/01/48 (a) | 175,000 | 132,067 |
4.38%, 06/15/50 (a) | 50,000 | 37,976 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 200,000 | 193,151 |
3.20%, 05/15/30 (a) | 150,000 | 132,977 |
6.00%, 02/01/35 | 100,000 | 102,970 |
4.13%, 05/15/43 (a) | 100,000 | 81,672 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 350,000 | 341,158 |
2.48%, 05/19/27 (a) | 100,000 | 90,188 |
4.06%, 02/24/32 (a)(b) | 250,000 | 228,201 |
3.70%, 03/16/32 (a) | 250,000 | 222,725 |
5.38%, 03/04/46 | 150,000 | 145,545 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 100,000 | 92,336 |
3.35%, 09/17/29 (a) | 100,000 | 87,021 |
5.00%, 04/05/46 | 125,000 | 109,056 |
4.30%, 11/01/47 (a) | 50,000 | 39,268 |
5.00%, 05/20/49 (a) | 200,000 | 176,295 |
4.15%, 09/17/50 (a) | 200,000 | 153,183 |
3.45%, 05/07/52 (a) | 150,000 | 101,353 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24 (a) | 250,000 | 246,608 |
3.50%, 06/03/24 (a) | 200,000 | 196,092 |
3.75%, 03/14/26 (a) | 250,000 | 242,890 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 03/15/29 (a) | 450,000 | 435,553 |
2.25%, 11/15/30 (a) | 325,000 | 266,595 |
5.75%, 11/01/32 (a) | 150,000 | 157,609 |
4.75%, 03/15/39 (a) | 250,000 | 231,502 |
4.35%, 01/30/47 (a) | 200,000 | 169,004 |
4.20%, 03/01/48 (a) | 100,000 | 82,863 |
4.90%, 03/15/49 (a) | 400,000 | 373,415 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 150,000 | 141,085 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 365,000 | 358,711 |
3.00%, 03/01/25 | 100,000 | 96,462 |
3.60%, 11/13/25 (a) | 250,000 | 243,319 |
4.55%, 03/23/30 (a) | 400,000 | 394,279 |
5.70%, 06/15/35 | 400,000 | 419,914 |
6.40%, 12/15/36 (a) | 500,000 | 488,021 |
10.75%, 08/01/39 (a)(b) | 100,000 | 134,726 |
5.88%, 02/06/41 | 300,000 | 309,601 |
4.13%, 08/13/42 | 350,000 | 297,696 |
4.88%, 11/13/43 | 100,000 | 93,292 |
4.72%, 12/15/44 | 250,000 | 228,504 |
4.05%, 03/01/45 | 150,000 | 125,360 |
4.60%, 05/13/46 (a) | 300,000 | 271,596 |
5.00%, 07/15/52 (a) | 150,000 | 143,943 |
Nationwide Financial Services, Inc. | ||
6.75%, 05/15/37 (b) | 65,000 | 62,543 |
Old Republic International Corp. | ||
3.88%, 08/26/26 (a) | 250,000 | 237,212 |
3.85%, 06/11/51 (a) | 150,000 | 103,668 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 160,000 | 144,510 |
4.50%, 10/01/50 (a)(b) | 100,000 | 86,301 |
Principal Financial Group, Inc. | ||
3.10%, 11/15/26 (a) | 150,000 | 139,748 |
3.70%, 05/15/29 (a) | 150,000 | 139,611 |
2.13%, 06/15/30 (a) | 250,000 | 205,021 |
4.63%, 09/15/42 | 150,000 | 126,481 |
4.35%, 05/15/43 | 150,000 | 121,872 |
4.30%, 11/15/46 (a) | 150,000 | 121,937 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 90,170 |
3.88%, 03/27/28 (a) | 92,000 | 88,303 |
2.10%, 03/10/30 (a) | 250,000 | 207,816 |
5.75%, 07/15/33 | 100,000 | 103,525 |
5.70%, 12/14/36 | 90,000 | 93,031 |
6.63%, 12/01/37 | 250,000 | 271,197 |
3.00%, 03/10/40 (a) | 200,000 | 149,068 |
5.20%, 03/15/44 (a)(b) | 150,000 | 144,485 |
4.60%, 05/15/44 | 300,000 | 269,264 |
5.38%, 05/15/45 (a)(b) | 300,000 | 291,564 |
4.50%, 09/15/47 (a)(b) | 150,000 | 137,049 |
3.91%, 12/07/47 (a) | 350,000 | 279,629 |
4.42%, 03/27/48 (a) | 150,000 | 128,898 |
5.70%, 09/15/48 (a)(b) | 250,000 | 240,899 |
3.94%, 12/07/49 (a) | 400,000 | 314,943 |
4.35%, 02/25/50 (a) | 250,000 | 212,916 |
3.70%, 10/01/50 (a)(b) | 250,000 | 214,507 |
3.70%, 03/13/51 (a) | 300,000 | 229,864 |
5.13%, 03/01/52 (a)(b) | 250,000 | 226,616 |
6.00%, 09/01/52 (a)(b) | 300,000 | 292,417 |
Prudential PLC | ||
3.13%, 04/14/30 | 325,000 | 283,764 |
3.63%, 03/24/32 (a) | 125,000 | 111,452 |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 325,000 | 321,935 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 200,000 | 183,704 |
3.15%, 06/15/30 (a) | 150,000 | 128,047 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 100,000 | 97,158 |
3.45%, 07/01/27 (a) | 150,000 | 140,343 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 50,000 | 45,056 |
Selective Insurance Group, Inc. | ||
5.38%, 03/01/49 (a) | 100,000 | 85,886 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 100,000 | 76,581 |
The Progressive Corp. | ||
4.00%, 03/01/29 (a) | 360,000 | 346,082 |
3.20%, 03/26/30 (a) | 150,000 | 135,117 |
3.00%, 03/15/32 (a) | 150,000 | 130,532 |
6.25%, 12/01/32 | 110,000 | 120,565 |
4.35%, 04/25/44 | 150,000 | 128,831 |
3.70%, 01/26/45 | 150,000 | 115,812 |
4.13%, 04/15/47 (a) | 350,000 | 295,414 |
4.20%, 03/15/48 (a) | 125,000 | 105,311 |
3.95%, 03/26/50 (a) | 150,000 | 121,093 |
Transatlantic Holdings, Inc. | ||
8.00%, 11/30/39 | 121,000 | 150,110 |
Travelers Cos., Inc. | ||
6.75%, 06/20/36 | 50,000 | 56,318 |
6.25%, 06/15/37 | 300,000 | 325,891 |
5.35%, 11/01/40 | 100,000 | 99,581 |
4.60%, 08/01/43 | 200,000 | 177,948 |
4.30%, 08/25/45 (a) | 100,000 | 85,090 |
3.75%, 05/15/46 (a) | 200,000 | 156,590 |
4.00%, 05/30/47 (a) | 150,000 | 121,814 |
4.10%, 03/04/49 (a) | 150,000 | 122,965 |
2.55%, 04/27/50 (a) | 200,000 | 125,488 |
3.05%, 06/08/51 (a) | 250,000 | 173,660 |
Travelers Property Casualty Corp. | ||
6.38%, 03/15/33 | 200,000 | 220,309 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 110,000 | 106,687 |
UnitedHealth Group, Inc. | ||
3.50%, 02/15/24 | 250,000 | 246,219 |
0.55%, 05/15/24 (a) | 200,000 | 188,830 |
2.38%, 08/15/24 | 300,000 | 288,987 |
3.75%, 07/15/25 | 750,000 | 734,378 |
3.70%, 12/15/25 | 100,000 | 97,755 |
1.25%, 01/15/26 | 100,000 | 90,877 |
3.10%, 03/15/26 | 350,000 | 334,470 |
3.45%, 01/15/27 | 250,000 | 238,483 |
2.95%, 10/15/27 | 100,000 | 92,638 |
5.25%, 02/15/28 (a) | 300,000 | 307,519 |
3.85%, 06/15/28 | 450,000 | 431,812 |
3.88%, 12/15/28 | 350,000 | 334,685 |
4.00%, 05/15/29 (a) | 250,000 | 239,049 |
2.88%, 08/15/29 | 400,000 | 356,641 |
5.30%, 02/15/30 (a) | 500,000 | 516,725 |
2.00%, 05/15/30 | 400,000 | 331,374 |
2.30%, 05/15/31 (a) | 400,000 | 333,868 |
4.20%, 05/15/32 (a) | 375,000 | 357,206 |
5.35%, 02/15/33 (a) | 500,000 | 518,497 |
4.63%, 07/15/35 | 350,000 | 339,363 |
5.80%, 03/15/36 | 200,000 | 211,681 |
6.50%, 06/15/37 | 150,000 | 168,006 |
6.63%, 11/15/37 | 100,000 | 113,390 |
6.88%, 02/15/38 | 300,000 | 352,286 |
3.50%, 08/15/39 (a) | 400,000 | 328,153 |
2.75%, 05/15/40 (a) | 350,000 | 255,212 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.70%, 10/15/40 (a) | 100,000 | 103,975 |
5.95%, 02/15/41 (a) | 150,000 | 159,550 |
3.05%, 05/15/41 (a) | 400,000 | 301,809 |
4.63%, 11/15/41 (a) | 173,000 | 159,479 |
4.38%, 03/15/42 (a) | 150,000 | 134,973 |
3.95%, 10/15/42 (a) | 150,000 | 127,230 |
4.75%, 07/15/45 | 600,000 | 567,084 |
4.20%, 01/15/47 (a) | 200,000 | 171,915 |
4.25%, 04/15/47 (a) | 250,000 | 215,824 |
3.75%, 10/15/47 (a) | 200,000 | 160,009 |
4.25%, 06/15/48 (a) | 400,000 | 348,804 |
4.45%, 12/15/48 (a) | 350,000 | 312,873 |
3.70%, 08/15/49 (a) | 400,000 | 317,142 |
2.90%, 05/15/50 (a) | 400,000 | 273,032 |
3.25%, 05/15/51 (a) | 600,000 | 433,415 |
4.75%, 05/15/52 (a) | 600,000 | 556,465 |
5.88%, 02/15/53 (a) | 500,000 | 542,717 |
3.88%, 08/15/59 (a) | 350,000 | 275,464 |
3.13%, 05/15/60 (a) | 250,000 | 170,147 |
4.95%, 05/15/62 (a) | 275,000 | 259,140 |
6.05%, 02/15/63 (a) | 400,000 | 440,609 |
Unum Group | ||
4.00%, 06/15/29 (a) | 150,000 | 135,882 |
5.75%, 08/15/42 | 150,000 | 135,203 |
4.50%, 12/15/49 (a) | 150,000 | 107,992 |
4.13%, 06/15/51 (a) | 100,000 | 68,765 |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 150,000 | 142,613 |
5.70%, 07/15/43 | 150,000 | 139,808 |
4.80%, 06/15/46 | 75,000 | 61,529 |
4.70%, 01/23/48 (a)(b) | 100,000 | 77,392 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 200,000 | 194,888 |
4.50%, 09/15/28 (a) | 200,000 | 188,743 |
2.95%, 09/15/29 (a) | 200,000 | 168,484 |
5.05%, 09/15/48 (a) | 150,000 | 126,410 |
3.88%, 09/15/49 (a) | 150,000 | 106,906 |
WR Berkley Corp. | ||
4.75%, 08/01/44 | 100,000 | 87,672 |
4.00%, 05/12/50 (a) | 100,000 | 76,727 |
3.55%, 03/30/52 (a) | 150,000 | 104,628 |
3.15%, 09/30/61 (a) | 100,000 | 59,930 |
XLIT Ltd. | ||
5.25%, 12/15/43 | 100,000 | 98,021 |
5.50%, 03/31/45 | 150,000 | 142,454 |
74,930,192 | ||
REITs 0.7% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 150,000 | 122,867 |
2.90%, 10/01/30 (a) | 250,000 | 203,827 |
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 25,000 | 24,224 |
4.30%, 01/15/26 (a) | 150,000 | 146,874 |
3.80%, 04/15/26 (a) | 100,000 | 96,980 |
3.95%, 01/15/28 (a) | 150,000 | 141,269 |
4.50%, 07/30/29 (a) | 100,000 | 94,904 |
2.75%, 12/15/29 (a) | 200,000 | 170,027 |
4.70%, 07/01/30 (a) | 150,000 | 144,591 |
4.90%, 12/15/30 (a) | 250,000 | 243,974 |
3.38%, 08/15/31 (a) | 230,000 | 201,481 |
2.00%, 05/18/32 (a) | 200,000 | 153,995 |
1.88%, 02/01/33 (a) | 250,000 | 186,735 |
2.95%, 03/15/34 (a) | 250,000 | 203,679 |
4.85%, 04/15/49 (a) | 100,000 | 85,351 |
4.00%, 02/01/50 (a) | 200,000 | 153,173 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.00%, 05/18/51 (a) | 200,000 | 127,878 |
3.55%, 03/15/52 (a) | 250,000 | 179,907 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 150,000 | 119,125 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 140,000 | 130,021 |
4.90%, 02/15/29 (a) | 100,000 | 94,851 |
2.38%, 07/15/31 (a) | 100,000 | 77,119 |
3.63%, 04/15/32 (a) | 150,000 | 126,102 |
3.38%, 07/15/51 (a) | 100,000 | 63,117 |
4.30%, 04/15/52 (a) | 100,000 | 74,042 |
AvalonBay Communities, Inc. | ||
3.45%, 06/01/25 (a) | 150,000 | 144,685 |
2.90%, 10/15/26 (a) | 100,000 | 91,895 |
3.35%, 05/15/27 (a) | 200,000 | 186,061 |
3.20%, 01/15/28 (a) | 200,000 | 183,154 |
1.90%, 12/01/28 (a) | 150,000 | 125,571 |
3.30%, 06/01/29 (a) | 150,000 | 134,697 |
2.30%, 03/01/30 (a) | 250,000 | 207,936 |
2.45%, 01/15/31 (a) | 200,000 | 165,396 |
2.05%, 01/15/32 (a) | 200,000 | 157,567 |
3.90%, 10/15/46 (a) | 150,000 | 116,050 |
4.35%, 04/15/48 (a) | 150,000 | 123,512 |
Boston Properties LP | ||
3.80%, 02/01/24 (a) | 100,000 | 98,388 |
3.20%, 01/15/25 (a) | 375,000 | 360,030 |
3.65%, 02/01/26 (a) | 200,000 | 190,032 |
2.75%, 10/01/26 (a) | 150,000 | 135,459 |
6.75%, 12/01/27 (a) | 100,000 | 103,327 |
4.50%, 12/01/28 (a) | 300,000 | 279,195 |
3.40%, 06/21/29 (a) | 350,000 | 301,982 |
2.90%, 03/15/30 (a) | 200,000 | 163,618 |
3.25%, 01/30/31 (a) | 383,000 | 318,028 |
2.55%, 04/01/32 (a) | 150,000 | 114,495 |
2.45%, 10/01/33 (a) | 300,000 | 217,576 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 150,000 | 143,043 |
3.95%, 11/15/27 (a) | 100,000 | 84,181 |
4.55%, 10/01/29 (a) | 150,000 | 125,717 |
Brixmor Operating Partnership LP | ||
3.85%, 02/01/25 (a) | 250,000 | 240,545 |
4.13%, 06/15/26 (a) | 50,000 | 47,559 |
3.90%, 03/15/27 (a) | 150,000 | 138,959 |
4.13%, 05/15/29 (a) | 250,000 | 223,873 |
4.05%, 07/01/30 (a) | 225,000 | 198,182 |
2.50%, 08/16/31 (a) | 225,000 | 172,616 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 150,000 | 112,703 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 150,000 | 141,989 |
3.15%, 07/01/29 (a) | 116,000 | 103,692 |
2.80%, 05/15/30 (a) | 250,000 | 215,881 |
3.35%, 11/01/49 (a) | 100,000 | 70,059 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 150,000 | 132,878 |
2.00%, 01/15/29 (a) | 150,000 | 115,962 |
2.75%, 04/15/31 (a) | 200,000 | 150,223 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 150,000 | 145,030 |
3.13%, 09/01/26 (a) | 100,000 | 92,896 |
4.38%, 02/15/29 (a) | 118,000 | 109,436 |
3.00%, 02/15/30 (a) | 200,000 | 166,608 |
2.00%, 02/15/31 (a) | 250,000 | 188,816 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 370,000 | 344,262 |
5.55%, 01/15/28 (a) | 150,000 | 151,118 |
4.45%, 07/15/28 (a) | 200,000 | 190,121 |
3.60%, 07/01/29 (a) | 200,000 | 179,088 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 200,000 | 180,045 |
4.50%, 06/01/27 (a) | 200,000 | 173,943 |
4.95%, 04/15/28 (a) | 150,000 | 128,094 |
3.75%, 08/15/29 (a) | 200,000 | 156,472 |
ERP Operating LP | ||
3.38%, 06/01/25 (a) | 150,000 | 144,461 |
2.85%, 11/01/26 (a) | 150,000 | 138,977 |
3.25%, 08/01/27 (a) | 150,000 | 137,530 |
3.50%, 03/01/28 (a) | 200,000 | 184,878 |
4.15%, 12/01/28 (a) | 50,000 | 47,170 |
3.00%, 07/01/29 (a) | 200,000 | 174,757 |
2.50%, 02/15/30 (a) | 200,000 | 167,251 |
4.50%, 07/01/44 (a) | 150,000 | 128,119 |
4.50%, 06/01/45 (a) | 200,000 | 170,812 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 150,000 | 109,237 |
Essex Portfolio LP | ||
3.88%, 05/01/24 (a) | 150,000 | 146,936 |
3.50%, 04/01/25 (a) | 150,000 | 144,905 |
3.63%, 05/01/27 (a) | 150,000 | 140,935 |
4.00%, 03/01/29 (a) | 250,000 | 228,069 |
3.00%, 01/15/30 (a) | 150,000 | 127,133 |
1.65%, 01/15/31 (a) | 150,000 | 112,029 |
2.65%, 03/15/32 (a) | 200,000 | 158,510 |
4.50%, 03/15/48 (a) | 114,000 | 92,693 |
Extra Space Storage LP | ||
2.55%, 06/01/31 (a) | 150,000 | 117,550 |
2.35%, 03/15/32 (a) | 200,000 | 151,812 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 175,000 | 172,831 |
1.25%, 02/15/26 (a) | 150,000 | 132,306 |
3.25%, 07/15/27 (a) | 200,000 | 183,337 |
3.20%, 06/15/29 (a) | 100,000 | 86,952 |
4.50%, 12/01/44 (a) | 200,000 | 157,755 |
Healthcare Realty Holdings LP | ||
2.40%, 03/15/30 (a) | 150,000 | 116,546 |
2.05%, 03/15/31 (a) | 200,000 | 146,703 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 200,000 | 186,520 |
3.75%, 07/01/27 (a) | 150,000 | 139,521 |
Healthpeak Properties, Inc. | ||
3.40%, 02/01/25 (a) | 150,000 | 144,502 |
4.00%, 06/01/25 (a) | 150,000 | 146,225 |
3.25%, 07/15/26 (a) | 300,000 | 283,259 |
3.50%, 07/15/29 (a) | 250,000 | 222,990 |
3.00%, 01/15/30 (a) | 300,000 | 257,938 |
6.75%, 02/01/41 (a) | 100,000 | 103,186 |
Highwoods Realty LP | ||
4.20%, 04/15/29 (a) | 200,000 | 173,695 |
3.05%, 02/15/30 (a) | 175,000 | 139,158 |
2.60%, 02/01/31 (a) | 150,000 | 111,356 |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 175,000 | 171,189 |
4.00%, 06/15/25 (a) | 100,000 | 96,198 |
4.50%, 02/01/26 (a) | 150,000 | 144,113 |
3.38%, 12/15/29 (a) | 200,000 | 167,728 |
3.50%, 09/15/30 (a) | 275,000 | 227,446 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 150,000 | 127,936 |
4.65%, 04/01/29 (a) | 150,000 | 128,572 |
3.25%, 01/15/30 (a) | 250,000 | 191,448 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 150,000 | 124,332 |
2.00%, 08/15/31 (a) | 200,000 | 147,855 |
4.15%, 04/15/32 (a) | 100,000 | 87,588 |
2.70%, 01/15/34 (a) | 150,000 | 109,993 |
Kilroy Realty LP | ||
4.38%, 10/01/25 (a) | 150,000 | 145,561 |
4.75%, 12/15/28 (a) | 150,000 | 136,791 |
4.25%, 08/15/29 (a) | 175,000 | 153,900 |
3.05%, 02/15/30 (a) | 200,000 | 160,646 |
2.50%, 11/15/32 (a) | 200,000 | 142,733 |
Kimco Realty Corp. | ||
2.80%, 10/01/26 (a) | 450,000 | 413,929 |
1.90%, 03/01/28 (a) | 250,000 | 210,008 |
2.70%, 10/01/30 (a) | 300,000 | 245,538 |
4.25%, 04/01/45 (a) | 150,000 | 114,431 |
4.13%, 12/01/46 (a) | 100,000 | 73,791 |
4.45%, 09/01/47 (a) | 200,000 | 155,202 |
3.70%, 10/01/49 (a) | 150,000 | 103,445 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 92,278 |
Lexington Realty Trust | ||
2.70%, 09/15/30 (a) | 250,000 | 199,865 |
Life Storage LP | ||
3.88%, 12/15/27 (a) | 300,000 | 278,488 |
4.00%, 06/15/29 (a) | 150,000 | 134,534 |
2.20%, 10/15/30 (a) | 300,000 | 233,898 |
LifeStorage LP | ||
3.50%, 07/01/26 (a) | 100,000 | 93,953 |
Mid-America Apartments LP | ||
3.75%, 06/15/24 (a) | 150,000 | 146,959 |
4.00%, 11/15/25 (a) | 150,000 | 146,081 |
3.60%, 06/01/27 (a) | 60,000 | 56,967 |
4.20%, 06/15/28 (a) | 200,000 | 191,566 |
3.95%, 03/15/29 (a) | 50,000 | 47,429 |
2.75%, 03/15/30 (a) | 100,000 | 85,867 |
1.70%, 02/15/31 (a) | 200,000 | 156,778 |
2.88%, 09/15/51 (a) | 150,000 | 96,581 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 150,000 | 108,537 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 100,000 | 97,820 |
3.60%, 12/15/26 (a) | 150,000 | 140,031 |
3.50%, 10/15/27 (a) | 125,000 | 113,574 |
4.30%, 10/15/28 (a) | 200,000 | 186,010 |
2.50%, 04/15/30 (a) | 100,000 | 81,251 |
4.80%, 10/15/48 (a) | 60,000 | 50,074 |
3.10%, 04/15/50 (a) | 150,000 | 93,311 |
3.50%, 04/15/51 (a) | 100,000 | 67,275 |
3.00%, 04/15/52 (a) | 100,000 | 61,310 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24 (a) | 200,000 | 197,752 |
4.50%, 01/15/25 (a) | 50,000 | 48,674 |
5.25%, 01/15/26 (a) | 100,000 | 98,412 |
4.50%, 04/01/27 (a) | 100,000 | 93,959 |
4.75%, 01/15/28 (a) | 93,000 | 85,945 |
3.63%, 10/01/29 (a) | 150,000 | 123,638 |
3.38%, 02/01/31 (a) | 200,000 | 154,789 |
3.25%, 04/15/33 (a) | 250,000 | 181,140 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 100,000 | 73,685 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 300,000 | 283,626 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 150,000 | 113,960 |
2.75%, 04/01/32 (a) | 100,000 | 70,147 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 50,000 | 47,605 |
3.25%, 10/01/26 (a) | 150,000 | 142,702 |
4.38%, 02/01/29 (a) | 25,000 | 23,944 |
2.88%, 11/15/29 (a) | 150,000 | 130,922 |
2.25%, 04/15/30 (a) | 350,000 | 292,817 |
1.75%, 07/01/30 (a) | 250,000 | 198,146 |
1.25%, 10/15/30 (a) | 350,000 | 266,393 |
1.63%, 03/15/31 (a) | 200,000 | 155,172 |
2.25%, 01/15/32 (a) | 150,000 | 119,874 |
3.05%, 03/01/50 (a) | 200,000 | 134,729 |
3.00%, 04/15/50 (a) | 300,000 | 201,918 |
2.13%, 10/15/50 (a) | 200,000 | 111,824 |
Public Storage | ||
0.88%, 02/15/26 (a) | 200,000 | 177,077 |
1.50%, 11/09/26 (a) | 150,000 | 133,751 |
3.09%, 09/15/27 (a) | 250,000 | 233,503 |
3.39%, 05/01/29 (a) | 300,000 | 274,447 |
2.30%, 05/01/31 (a) | 250,000 | 204,582 |
2.25%, 11/09/31 (a) | 200,000 | 161,560 |
Realty Income Corp. | ||
4.60%, 02/06/24 (a) | 200,000 | 198,780 |
3.88%, 07/15/24 (a) | 300,000 | 294,152 |
4.63%, 11/01/25 (a) | 250,000 | 248,207 |
0.75%, 03/15/26 (a) | 150,000 | 130,716 |
4.13%, 10/15/26 (a) | 50,000 | 48,720 |
3.00%, 01/15/27 (a) | 300,000 | 278,606 |
3.95%, 08/15/27 (a) | 300,000 | 287,713 |
3.40%, 01/15/28 (a) | 150,000 | 138,378 |
3.65%, 01/15/28 (a) | 200,000 | 187,070 |
3.10%, 12/15/29 (a) | 100,000 | 87,627 |
3.25%, 01/15/31 (a) | 400,000 | 347,487 |
5.63%, 10/13/32 (a) | 150,000 | 153,238 |
2.85%, 12/15/32 (a) | 200,000 | 162,576 |
4.65%, 03/15/47 (a) | 200,000 | 176,874 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 250,000 | 234,250 |
4.13%, 03/15/28 (a) | 200,000 | 185,257 |
2.95%, 09/15/29 (a) | 150,000 | 126,054 |
3.70%, 06/15/30 (a) | 50,000 | 43,564 |
4.40%, 02/01/47 (a) | 150,000 | 116,275 |
4.65%, 03/15/49 (a) | 50,000 | 40,354 |
Retail Properties of America, Inc. | ||
4.75%, 09/15/30 (a) | 150,000 | 133,347 |
Rexford Industrial Realty LP | ||
2.15%, 09/01/31 (a) | 250,000 | 192,041 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 150,000 | 143,008 |
3.90%, 10/15/29 (a) | 125,000 | 104,250 |
3.20%, 12/01/31 (a) | 250,000 | 186,979 |
Safehold Operating Partnership LP | ||
2.80%, 06/15/31 (a) | 150,000 | 115,519 |
Simon Property Group LP | ||
3.75%, 02/01/24 (a) | 350,000 | 345,065 |
2.00%, 09/13/24 (a) | 175,000 | 166,431 |
3.38%, 10/01/24 (a) | 100,000 | 97,215 |
3.50%, 09/01/25 (a) | 300,000 | 287,965 |
3.30%, 01/15/26 (a) | 300,000 | 285,570 |
3.25%, 11/30/26 (a) | 200,000 | 187,487 |
3.38%, 06/15/27 (a) | 350,000 | 327,424 |
3.38%, 12/01/27 (a) | 100,000 | 92,822 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 02/01/28 (a) | 350,000 | 298,195 |
2.45%, 09/13/29 (a) | 550,000 | 460,658 |
2.65%, 07/15/30 (a) | 100,000 | 83,310 |
2.20%, 02/01/31 (a) | 100,000 | 79,325 |
6.75%, 02/01/40 (a) | 220,000 | 238,007 |
4.75%, 03/15/42 (a) | 150,000 | 128,441 |
4.25%, 10/01/44 (a) | 200,000 | 157,953 |
4.25%, 11/30/46 (a) | 100,000 | 80,837 |
3.25%, 09/13/49 (a) | 400,000 | 264,921 |
3.80%, 07/15/50 (a) | 250,000 | 183,501 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 150,000 | 142,106 |
4.25%, 02/01/26 (a) | 150,000 | 141,905 |
4.70%, 06/01/27 (a) | 154,000 | 145,317 |
Spirit Realty LP | ||
4.45%, 09/15/26 (a) | 60,000 | 57,451 |
3.20%, 01/15/27 (a) | 200,000 | 178,116 |
3.40%, 01/15/30 (a) | 250,000 | 208,771 |
3.20%, 02/15/31 (a) | 250,000 | 200,632 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 185,000 | 167,190 |
4.63%, 03/15/29 (a) | 200,000 | 179,195 |
2.75%, 11/18/30 (a) | 150,000 | 115,165 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 150,000 | 125,763 |
2.70%, 07/15/31 (a) | 200,000 | 157,839 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 150,000 | 137,231 |
3.88%, 07/15/27 (a) | 150,000 | 138,022 |
UDR, Inc. | ||
2.95%, 09/01/26 (a) | 100,000 | 92,113 |
3.50%, 01/15/28 (a) | 145,000 | 131,809 |
4.40%, 01/26/29 (a) | 300,000 | 283,063 |
3.00%, 08/15/31 (a) | 400,000 | 335,207 |
2.10%, 08/01/32 (a) | 100,000 | 74,472 |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 100,000 | 97,397 |
3.75%, 05/01/24 (a) | 150,000 | 146,938 |
2.65%, 01/15/25 (a) | 150,000 | 142,200 |
3.50%, 02/01/25 (a) | 200,000 | 192,542 |
4.13%, 01/15/26 (a) | 150,000 | 145,705 |
3.25%, 10/15/26 (a) | 250,000 | 231,562 |
3.85%, 04/01/27 (a) | 75,000 | 70,864 |
4.00%, 03/01/28 (a) | 200,000 | 185,189 |
4.40%, 01/15/29 (a) | 250,000 | 233,837 |
4.75%, 11/15/30 (a) | 200,000 | 188,154 |
5.70%, 09/30/43 (a) | 150,000 | 137,877 |
4.38%, 02/01/45 (a) | 100,000 | 78,320 |
4.88%, 04/15/49 (a) | 100,000 | 83,443 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 150,000 | 141,150 |
2.15%, 06/01/26 (a) | 150,000 | 127,292 |
Welltower, Inc. | ||
4.50%, 01/15/24 (a) | 300,000 | 297,831 |
3.63%, 03/15/24 (a) | 300,000 | 293,681 |
4.00%, 06/01/25 (a) | 200,000 | 194,994 |
4.25%, 04/01/26 (a) | 400,000 | 388,256 |
2.70%, 02/15/27 (a) | 100,000 | 90,200 |
4.13%, 03/15/29 (a) | 400,000 | 367,637 |
3.10%, 01/15/30 (a) | 150,000 | 126,746 |
2.75%, 01/15/31 (a) | 300,000 | 240,249 |
6.50%, 03/15/41 (a) | 300,000 | 301,146 |
4.95%, 09/01/48 (a) | 150,000 | 123,875 |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 85,000 | 84,232 |
4.00%, 02/01/25 (a) | 300,000 | 293,071 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.85%, 07/15/29 (a) | 100,000 | 90,114 |
2.40%, 02/01/31 (a) | 200,000 | 159,667 |
2.25%, 04/01/33 (a) | 150,000 | 111,538 |
45,418,048 | ||
552,691,314 | ||
Industrial 13.8% | ||
Basic Industry 0.6% | ||
Air Products and Chemicals, Inc. | ||
3.35%, 07/31/24 (a) | 20,000 | 19,559 |
1.50%, 10/15/25 (a) | 250,000 | 230,094 |
1.85%, 05/15/27 (a) | 300,000 | 267,474 |
2.05%, 05/15/30 (a) | 125,000 | 104,883 |
2.70%, 05/15/40 (a) | 300,000 | 224,992 |
2.80%, 05/15/50 (a) | 250,000 | 173,989 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 200,000 | 196,013 |
5.05%, 06/01/32 (a) | 200,000 | 188,988 |
5.45%, 12/01/44 (a) | 250,000 | 234,197 |
AngloGold Ashanti Holdings PLC | ||
3.75%, 10/01/30 (a) | 450,000 | 394,026 |
ArcelorMittal S.A. | ||
6.55%, 11/29/27 (a) | 350,000 | 352,988 |
4.25%, 07/16/29 | 200,000 | 179,311 |
6.80%, 11/29/32 (a) | 250,000 | 249,487 |
7.00%, 10/15/39 | 350,000 | 353,254 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 | 250,000 | 252,255 |
5.75%, 05/01/43 | 200,000 | 202,756 |
Barrick PD Australia Finance Pty Ltd. | ||
5.95%, 10/15/39 | 400,000 | 410,704 |
BHP Billiton Finance USA Ltd. | ||
6.42%, 03/01/26 | 100,000 | 104,743 |
4.13%, 02/24/42 | 275,000 | 239,926 |
5.00%, 09/30/43 | 700,000 | 679,749 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 150,000 | 133,966 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 200,000 | 193,321 |
5.90%, 07/05/24 | 500,000 | 499,986 |
6.05%, 03/15/25 | 500,000 | 498,812 |
1.40%, 08/05/26 (a) | 150,000 | 126,751 |
6.17%, 07/15/27 (a) | 500,000 | 494,097 |
6.33%, 07/15/29 (a) | 200,000 | 194,826 |
6.38%, 07/15/32 (a) | 300,000 | 286,830 |
Celulosa Arauco y Constitucion S.A. | ||
4.50%, 08/01/24 (a) | 200,000 | 197,343 |
3.88%, 11/02/27 (a) | 200,000 | 188,237 |
CF Industries, Inc. | ||
5.15%, 03/15/34 | 350,000 | 331,259 |
5.38%, 03/15/44 | 300,000 | 269,736 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 50,000 | 49,389 |
7.38%, 11/01/29 | 450,000 | 500,996 |
2.10%, 11/15/30 (a) | 250,000 | 201,342 |
6.30%, 03/15/33 (a) | 175,000 | 184,671 |
4.25%, 10/01/34 (a) | 300,000 | 270,455 |
5.25%, 11/15/41 (a) | 300,000 | 280,979 |
4.38%, 11/15/42 (a) | 450,000 | 372,748 |
4.63%, 10/01/44 (a) | 150,000 | 124,847 |
5.55%, 11/30/48 (a) | 250,000 | 234,879 |
4.80%, 05/15/49 (a) | 200,000 | 170,062 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.60%, 11/15/50 (a) | 250,000 | 180,364 |
6.90%, 05/15/53 (a) | 300,000 | 327,928 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 500,000 | 492,465 |
4.73%, 11/15/28 (a) | 750,000 | 741,043 |
5.32%, 11/15/38 (a) | 400,000 | 388,224 |
5.42%, 11/15/48 (a) | 605,000 | 579,330 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 250,000 | 242,775 |
4.80%, 09/01/42 (a) | 250,000 | 212,492 |
4.65%, 10/15/44 (a) | 270,000 | 225,158 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 300,000 | 279,179 |
3.25%, 12/01/27 (a) | 450,000 | 421,186 |
4.80%, 03/24/30 (a) | 50,000 | 49,711 |
1.30%, 01/30/31 (a) | 300,000 | 229,320 |
2.13%, 02/01/32 (a) | 250,000 | 200,518 |
2.13%, 08/15/50 (a) | 250,000 | 140,480 |
2.70%, 12/15/51 (a) | 250,000 | 156,834 |
2.75%, 08/18/55 (a) | 264,000 | 159,561 |
EI du Pont de Nemours and Co. | ||
1.70%, 07/15/25 (a) | 200,000 | 184,863 |
2.30%, 07/15/30 (a) | 150,000 | 126,015 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25 (a) | 100,000 | 97,502 |
5.50%, 01/17/27 | 250,000 | 251,542 |
FMC Corp. | ||
3.20%, 10/01/26 (a) | 150,000 | 140,095 |
3.45%, 10/01/29 (a) | 200,000 | 176,593 |
4.50%, 10/01/49 (a) | 150,000 | 119,682 |
Freeport-McMoRan, Inc. | ||
5.00%, 09/01/27 (a) | 150,000 | 146,450 |
4.13%, 03/01/28 (a) | 300,000 | 278,977 |
5.25%, 09/01/29 (a) | 150,000 | 144,815 |
4.25%, 03/01/30 (a) | 100,000 | 91,375 |
4.63%, 08/01/30 (a) | 350,000 | 328,058 |
5.40%, 11/14/34 (a) | 300,000 | 282,761 |
5.45%, 03/15/43 (a) | 500,000 | 450,996 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 150,000 | 154,583 |
7.75%, 11/15/29 | 250,000 | 284,338 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 200,000 | 180,245 |
2.95%, 06/15/31 (a) | 150,000 | 116,785 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 150,000 | 141,597 |
4.38%, 06/01/47 (a) | 50,000 | 39,115 |
5.00%, 09/26/48 (a) | 300,000 | 257,607 |
International Paper Co. | ||
5.00%, 09/15/35 (a) | 100,000 | 94,825 |
7.30%, 11/15/39 | 100,000 | 109,984 |
6.00%, 11/15/41 (a) | 200,000 | 200,227 |
4.80%, 06/15/44 (a) | 250,000 | 218,175 |
5.15%, 05/15/46 (a) | 100,000 | 90,879 |
4.40%, 08/15/47 (a) | 200,000 | 165,704 |
4.35%, 08/15/48 (a) | 200,000 | 167,047 |
Kinross Gold Corp. | ||
5.95%, 03/15/24 (a) | 150,000 | 150,848 |
4.50%, 07/15/27 (a) | 150,000 | 142,304 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 150,000 | 143,779 |
3.20%, 01/30/26 (a) | 250,000 | 240,913 |
1.10%, 08/10/30 (a) | 200,000 | 153,926 |
3.55%, 11/07/42 (a) | 150,000 | 120,858 |
2.00%, 08/10/50 (a) | 100,000 | 56,023 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lubrizol Corp. | ||
6.50%, 10/01/34 | 96,000 | 110,212 |
LYB International Finance BV | ||
5.25%, 07/15/43 | 200,000 | 176,618 |
4.88%, 03/15/44 (a) | 250,000 | 208,135 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 200,000 | 185,881 |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 100,000 | 79,623 |
3.38%, 10/01/40 (a) | 250,000 | 177,679 |
4.20%, 10/15/49 (a) | 300,000 | 224,685 |
4.20%, 05/01/50 (a) | 300,000 | 223,056 |
3.63%, 04/01/51 (a) | 300,000 | 201,597 |
3.80%, 10/01/60 (a) | 150,000 | 97,800 |
LyondellBasell Industries NV | ||
5.75%, 04/15/24 (a) | 250,000 | 250,701 |
4.63%, 02/26/55 (a) | 300,000 | 236,765 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 250,000 | 236,427 |
5.45%, 11/15/33 (a) | 150,000 | 146,448 |
4.88%, 11/15/41 (a) | 100,000 | 85,381 |
5.63%, 11/15/43 (a) | 100,000 | 93,618 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 150,000 | 118,662 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 250,000 | 213,570 |
2.25%, 10/01/30 (a) | 350,000 | 282,049 |
5.88%, 04/01/35 | 250,000 | 254,325 |
6.25%, 10/01/39 | 325,000 | 341,827 |
4.88%, 03/15/42 (a) | 200,000 | 184,873 |
5.45%, 06/09/44 (a) | 175,000 | 166,433 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 150,000 | 139,817 |
3.95%, 05/01/28 (a) | 200,000 | 189,193 |
2.70%, 06/01/30 (a) | 250,000 | 212,850 |
6.40%, 12/01/37 | 100,000 | 107,944 |
2.98%, 12/15/55 (a) | 400,000 | 250,021 |
Nutrien Ltd. | ||
3.00%, 04/01/25 (a) | 100,000 | 95,444 |
4.00%, 12/15/26 (a) | 150,000 | 146,136 |
4.20%, 04/01/29 (a) | 250,000 | 235,462 |
4.13%, 03/15/35 (a) | 150,000 | 129,815 |
5.88%, 12/01/36 | 125,000 | 127,359 |
5.63%, 12/01/40 | 50,000 | 48,477 |
6.13%, 01/15/41 (a) | 200,000 | 206,391 |
4.90%, 06/01/43 (a) | 200,000 | 176,989 |
5.25%, 01/15/45 (a) | 125,000 | 114,640 |
5.00%, 04/01/49 (a) | 50,000 | 44,954 |
3.95%, 05/13/50 (a) | 250,000 | 191,682 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 150,000 | 146,095 |
3.40%, 12/15/27 (a) | 200,000 | 184,646 |
4.05%, 12/15/49 (a) | 150,000 | 115,838 |
3.05%, 10/01/51 (a) | 200,000 | 129,009 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 100,000 | 95,696 |
3.75%, 03/15/28 (a) | 300,000 | 285,840 |
2.80%, 08/15/29 (a) | 150,000 | 129,755 |
2.55%, 06/15/30 (a) | 100,000 | 83,933 |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 125,000 | 100,358 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 67,922 |
2.15%, 08/15/30 (a) | 250,000 | 198,418 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rio Tinto Alcan, Inc. | ||
7.25%, 03/15/31 | 281,000 | 320,038 |
6.13%, 12/15/33 | 50,000 | 53,671 |
5.75%, 06/01/35 | 50,000 | 51,312 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 250,000 | 275,941 |
5.20%, 11/02/40 | 350,000 | 349,789 |
2.75%, 11/02/51 (a) | 250,000 | 166,211 |
Rio Tinto Finance USA PLC | ||
4.75%, 03/22/42 (a) | 200,000 | 188,151 |
4.13%, 08/21/42 (a) | 150,000 | 129,788 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 250,000 | 233,193 |
4.25%, 01/15/48 (a) | 250,000 | 188,254 |
Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 250,000 | 242,989 |
3.45%, 08/01/25 (a) | 150,000 | 144,479 |
3.95%, 01/15/26 (a) | 100,000 | 97,592 |
3.45%, 06/01/27 (a) | 550,000 | 516,514 |
2.95%, 08/15/29 (a) | 300,000 | 263,528 |
2.30%, 05/15/30 (a) | 200,000 | 164,653 |
4.55%, 08/01/45 (a) | 150,000 | 127,168 |
4.50%, 06/01/47 (a) | 400,000 | 336,725 |
3.80%, 08/15/49 (a) | 200,000 | 150,310 |
3.30%, 05/15/50 (a) | 200,000 | 137,685 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 200,000 | 194,345 |
7.50%, 07/27/35 | 350,000 | 407,014 |
6.75%, 04/16/40 | 200,000 | 224,186 |
5.25%, 11/08/42 | 300,000 | 288,007 |
5.88%, 04/23/45 | 345,000 | 354,785 |
Steel Dynamics, Inc. | ||
2.40%, 06/15/25 (a) | 150,000 | 140,679 |
5.00%, 12/15/26 (a) | 175,000 | 174,842 |
1.65%, 10/15/27 (a) | 100,000 | 84,045 |
3.45%, 04/15/30 (a) | 200,000 | 176,328 |
3.25%, 01/15/31 (a) | 150,000 | 128,690 |
3.25%, 10/15/50 (a) | 150,000 | 98,058 |
Suzano Austria GmbH | ||
6.00%, 01/15/29 (a) | 550,000 | 549,142 |
5.00%, 01/15/30 (a) | 300,000 | 282,377 |
3.75%, 01/15/31 (a) | 325,000 | 273,009 |
3.13%, 01/15/32 (a) | 350,000 | 273,747 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 250,000 | 224,896 |
6.13%, 10/01/35 | 200,000 | 198,340 |
6.00%, 08/15/40 (a) | 240,000 | 231,234 |
5.40%, 02/01/43 (a) | 100,000 | 89,885 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 400,000 | 415,343 |
3.75%, 07/08/30 (a) | 500,000 | 439,259 |
6.88%, 11/21/36 | 523,000 | 555,103 |
6.88%, 11/10/39 | 375,000 | 396,391 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 250,000 | 235,186 |
3.38%, 06/15/30 (a) | 150,000 | 129,230 |
2.88%, 08/15/41 (a) | 75,000 | 49,521 |
5.00%, 08/15/46 (a) | 150,000 | 125,796 |
4.38%, 11/15/47 (a) | 130,000 | 98,538 |
3.13%, 08/15/51 (a) | 200,000 | 124,294 |
3.38%, 08/15/61 (a) | 150,000 | 88,993 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 40,000 | 45,365 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 200,000 | 214,242 |
4.00%, 11/15/29 (a) | 175,000 | 160,475 |
7.38%, 03/15/32 | 450,000 | 500,008 |
WRKCo, Inc. | ||
3.00%, 09/15/24 (a) | 100,000 | 95,649 |
3.75%, 03/15/25 (a) | 200,000 | 193,807 |
4.65%, 03/15/26 (a) | 250,000 | 246,168 |
3.90%, 06/01/28 (a) | 250,000 | 230,904 |
4.90%, 03/15/29 (a) | 300,000 | 289,416 |
4.20%, 06/01/32 (a) | 300,000 | 270,643 |
3.00%, 06/15/33 (a) | 250,000 | 199,964 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(c) | 150,000 | 112,827 |
43,940,745 | ||
Capital Goods 1.3% | ||
3M Co. | ||
3.25%, 02/14/24 (a) | 250,000 | 245,506 |
2.00%, 02/14/25 (a) | 200,000 | 189,519 |
2.65%, 04/15/25 (a) | 250,000 | 239,021 |
3.00%, 08/07/25 | 200,000 | 191,944 |
2.25%, 09/19/26 (a) | 100,000 | 92,415 |
2.88%, 10/15/27 (a) | 300,000 | 278,060 |
3.38%, 03/01/29 (a) | 150,000 | 138,185 |
2.38%, 08/26/29 (a) | 350,000 | 297,511 |
3.05%, 04/15/30 (a) | 200,000 | 176,154 |
3.13%, 09/19/46 (a) | 200,000 | 137,332 |
3.63%, 10/15/47 (a) | 250,000 | 187,221 |
4.00%, 09/14/48 (a)(d) | 300,000 | 237,337 |
3.25%, 08/26/49 (a) | 300,000 | 209,905 |
3.70%, 04/15/50 (a) | 250,000 | 192,732 |
ABB Finance USA, Inc. | ||
3.80%, 04/03/28 (a) | 200,000 | 189,001 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 200,000 | 154,241 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 110,000 | 95,080 |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 350,000 | 336,761 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 80,000 | 75,919 |
4.50%, 05/15/28 (a) | 150,000 | 142,419 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 250,000 | 203,283 |
2.69%, 05/25/31 (a) | 250,000 | 203,744 |
Amphenol Corp. | ||
2.05%, 03/01/25 (a) | 100,000 | 93,970 |
4.35%, 06/01/29 (a) | 200,000 | 191,025 |
2.80%, 02/15/30 (a) | 300,000 | 256,994 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 200,000 | 195,205 |
2.65%, 04/30/30 (a) | 200,000 | 164,651 |
Berry Global, Inc. | ||
0.95%, 02/15/24 (a) | 150,000 | 142,633 |
1.57%, 01/15/26 (a) | 600,000 | 536,233 |
1.65%, 01/15/27 (a) | 100,000 | 85,582 |
Boeing Co. | ||
1.95%, 02/01/24 | 250,000 | 240,923 |
1.43%, 02/04/24 (a) | 700,000 | 670,140 |
2.80%, 03/01/24 (a) | 150,000 | 145,384 |
2.85%, 10/30/24 (a) | 100,000 | 95,916 |
4.88%, 05/01/25 (a) | 1,000,000 | 992,603 |
2.60%, 10/30/25 (a) | 100,000 | 93,420 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.75%, 02/01/26 (a) | 400,000 | 371,662 |
2.20%, 02/04/26 (a) | 1,550,000 | 1,409,720 |
3.10%, 05/01/26 (a) | 200,000 | 188,498 |
2.25%, 06/15/26 (a) | 50,000 | 45,174 |
2.70%, 02/01/27 (a) | 300,000 | 271,328 |
2.80%, 03/01/27 (a) | 150,000 | 135,525 |
5.04%, 05/01/27 (a) | 650,000 | 644,037 |
3.25%, 03/01/28 (a) | 100,000 | 89,787 |
3.45%, 11/01/28 (a) | 150,000 | 135,052 |
3.20%, 03/01/29 (a) | 300,000 | 264,527 |
2.95%, 02/01/30 (a) | 250,000 | 212,180 |
5.15%, 05/01/30 (a) | 1,300,000 | 1,269,355 |
3.63%, 02/01/31 (a) | 400,000 | 350,830 |
6.13%, 02/15/33 | 150,000 | 152,973 |
3.60%, 05/01/34 (a) | 250,000 | 199,834 |
3.25%, 02/01/35 (a) | 250,000 | 190,311 |
6.63%, 02/15/38 | 100,000 | 104,244 |
3.55%, 03/01/38 (a) | 150,000 | 111,218 |
3.50%, 03/01/39 (a) | 150,000 | 109,256 |
6.88%, 03/15/39 | 100,000 | 105,869 |
5.88%, 02/15/40 | 150,000 | 144,707 |
5.71%, 05/01/40 (a) | 850,000 | 811,541 |
3.63%, 03/01/48 (a) | 125,000 | 83,421 |
3.85%, 11/01/48 (a) | 75,000 | 52,049 |
3.90%, 05/01/49 (a) | 150,000 | 105,931 |
3.75%, 02/01/50 (a) | 475,000 | 328,573 |
5.81%, 05/01/50 (a) | 1,500,000 | 1,395,823 |
3.83%, 03/01/59 (a) | 100,000 | 64,427 |
3.95%, 08/01/59 (a) | 300,000 | 202,138 |
5.93%, 05/01/60 (a) | 950,000 | 874,327 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24 (a) | 400,000 | 387,204 |
2.75%, 03/01/30 (a) | 250,000 | 208,451 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 450,000 | 424,742 |
2.49%, 02/15/27 (a) | 89,000 | 80,385 |
2.72%, 02/15/30 (a) | 600,000 | 506,716 |
2.70%, 02/15/31 (a)(c) | 250,000 | 206,497 |
3.38%, 04/05/40 (a) | 400,000 | 303,480 |
3.58%, 04/05/50 (a)(c) | 550,000 | 394,677 |
Caterpillar Financial Services Corp. | ||
0.95%, 01/10/24 | 350,000 | 336,716 |
2.85%, 05/17/24 | 150,000 | 145,895 |
3.30%, 06/09/24 | 250,000 | 244,525 |
0.60%, 09/13/24 | 200,000 | 186,585 |
2.15%, 11/08/24 | 450,000 | 429,330 |
3.25%, 12/01/24 | 100,000 | 97,202 |
3.40%, 05/13/25 | 400,000 | 389,115 |
1.45%, 05/15/25 | 300,000 | 278,905 |
0.80%, 11/13/25 | 500,000 | 449,531 |
0.90%, 03/02/26 | 300,000 | 267,806 |
1.10%, 09/14/27 | 450,000 | 385,366 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 600,000 | 588,727 |
2.60%, 04/09/30 (a) | 250,000 | 218,267 |
6.05%, 08/15/36 | 225,000 | 245,897 |
5.20%, 05/27/41 | 275,000 | 280,473 |
3.80%, 08/15/42 | 250,000 | 213,294 |
4.30%, 05/15/44 (a) | 175,000 | 159,916 |
3.25%, 09/19/49 (a) | 400,000 | 303,938 |
3.25%, 04/09/50 (a) | 450,000 | 344,205 |
4.75%, 05/15/64 (a) | 200,000 | 191,153 |
CNH Industrial Capital LLC | ||
4.20%, 01/15/24 | 240,000 | 237,233 |
1.88%, 01/15/26 (a) | 200,000 | 182,612 |
1.45%, 07/15/26 (a) | 50,000 | 44,271 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CNH Industrial NV | ||
3.85%, 11/15/27 (a) | 250,000 | 235,460 |
Crane Co. | ||
4.20%, 03/15/48 (a) | 150,000 | 106,795 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 500,000 | 480,616 |
5.38%, 10/16/29 | 250,000 | 259,544 |
3.10%, 04/15/30 (a) | 350,000 | 314,592 |
7.13%, 03/03/31 | 150,000 | 172,612 |
3.90%, 06/09/42 (a) | 250,000 | 222,283 |
2.88%, 09/07/49 (a) | 200,000 | 143,642 |
3.75%, 04/15/50 (a) | 300,000 | 254,746 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 150,000 | 130,670 |
5.38%, 10/15/35 | 100,000 | 98,042 |
5.38%, 03/01/41 (a) | 150,000 | 145,124 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 250,000 | 196,081 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 200,000 | 186,668 |
4.00%, 11/02/32 | 200,000 | 184,647 |
4.15%, 03/15/33 (a) | 300,000 | 279,848 |
4.15%, 11/02/42 | 350,000 | 299,965 |
4.70%, 08/23/52 (a) | 200,000 | 182,502 |
Emerson Electric Co. | ||
0.88%, 10/15/26 (a) | 200,000 | 173,413 |
1.80%, 10/15/27 (a) | 350,000 | 306,230 |
1.95%, 10/15/30 (a) | 300,000 | 243,461 |
2.20%, 12/21/31 (a) | 250,000 | 202,560 |
5.25%, 11/15/39 | 140,000 | 137,720 |
2.75%, 10/15/50 (a) | 200,000 | 130,169 |
2.80%, 12/21/51 (a) | 250,000 | 162,385 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 350,000 | 291,968 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 250,000 | 233,935 |
4.30%, 06/15/46 (a) | 200,000 | 156,156 |
Fortune Brands Home & Security, Inc. | ||
4.00%, 06/15/25 (a) | 250,000 | 243,429 |
3.25%, 09/15/29 (a) | 350,000 | 303,760 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a) | 200,000 | 190,315 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 200,000 | 191,883 |
General Dynamics Corp. | ||
2.38%, 11/15/24 (a) | 100,000 | 95,575 |
3.25%, 04/01/25 (a) | 250,000 | 242,564 |
3.50%, 05/15/25 (a) | 250,000 | 243,784 |
2.13%, 08/15/26 (a) | 150,000 | 137,779 |
3.50%, 04/01/27 (a) | 250,000 | 239,447 |
2.63%, 11/15/27 (a) | 150,000 | 136,705 |
3.75%, 05/15/28 (a) | 300,000 | 286,479 |
3.63%, 04/01/30 (a) | 300,000 | 280,150 |
2.25%, 06/01/31 (a) | 200,000 | 167,696 |
4.25%, 04/01/40 (a) | 300,000 | 273,881 |
3.60%, 11/15/42 (a) | 150,000 | 123,206 |
4.25%, 04/01/50 (a) | 175,000 | 156,217 |
General Electric Co. | ||
6.75%, 03/15/32 | 500,000 | 555,208 |
5.88%, 01/14/38 | 100,000 | 101,980 |
6.88%, 01/10/39 | 100,000 | 110,496 |
4.35%, 05/01/50 (a) | 175,000 | 145,217 |
Hexcel Corp. | ||
4.95%, 08/15/25 (a) | 150,000 | 146,458 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Honeywell International, Inc. | ||
2.30%, 08/15/24 (a) | 250,000 | 240,316 |
1.35%, 06/01/25 (a) | 400,000 | 370,279 |
2.50%, 11/01/26 (a) | 450,000 | 415,832 |
1.10%, 03/01/27 (a) | 250,000 | 218,168 |
2.70%, 08/15/29 (a) | 350,000 | 311,497 |
1.95%, 06/01/30 (a) | 300,000 | 248,536 |
1.75%, 09/01/31 (a) | 400,000 | 317,204 |
5.70%, 03/15/37 | 200,000 | 211,655 |
3.81%, 11/21/47 (a) | 300,000 | 250,310 |
2.80%, 06/01/50 (a) | 250,000 | 179,190 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 50,000 | 47,604 |
3.15%, 08/15/27 (a) | 100,000 | 91,373 |
3.50%, 02/15/28 (a) | 150,000 | 138,146 |
2.30%, 03/15/31 (a) | 150,000 | 119,750 |
Huntington Ingalls Industries, Inc. | ||
3.48%, 12/01/27 (a) | 190,000 | 172,943 |
4.20%, 05/01/30 (a) | 250,000 | 227,052 |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 350,000 | 301,898 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 115,000 | 113,334 |
2.65%, 11/15/26 (a) | 300,000 | 279,195 |
4.88%, 09/15/41 (a) | 150,000 | 146,226 |
3.90%, 09/01/42 (a) | 350,000 | 299,108 |
John Deere Capital Corp. | ||
3.45%, 01/10/24 | 200,000 | 197,470 |
2.60%, 03/07/24 | 300,000 | 292,439 |
2.65%, 06/24/24 | 475,000 | 460,286 |
4.55%, 10/11/24 | 200,000 | 199,765 |
2.05%, 01/09/25 | 250,000 | 237,596 |
1.25%, 01/10/25 | 500,000 | 468,369 |
2.13%, 03/07/25 | 250,000 | 236,672 |
3.45%, 03/13/25 | 75,000 | 73,094 |
3.40%, 06/06/25 | 250,000 | 242,944 |
3.40%, 09/11/25 | 200,000 | 193,821 |
0.70%, 01/15/26 | 200,000 | 178,146 |
2.65%, 06/10/26 | 200,000 | 187,784 |
1.05%, 06/17/26 | 250,000 | 222,194 |
2.25%, 09/14/26 | 400,000 | 369,480 |
1.75%, 03/09/27 | 150,000 | 133,815 |
2.80%, 09/08/27 | 350,000 | 323,021 |
3.05%, 01/06/28 | 50,000 | 46,795 |
3.45%, 03/07/29 | 200,000 | 186,001 |
2.80%, 07/18/29 | 400,000 | 356,927 |
2.45%, 01/09/30 | 200,000 | 172,637 |
2.00%, 06/17/31 | 200,000 | 162,137 |
Johnson Controls International plc | ||
3.63%, 07/02/24 (a) | 150,000 | 146,953 |
3.90%, 02/14/26 (a) | 183,000 | 177,850 |
1.75%, 09/15/30 (a) | 150,000 | 119,830 |
6.00%, 01/15/36 | 382,000 | 397,374 |
4.63%, 07/02/44 (a) | 200,000 | 173,178 |
5.13%, 09/14/45 (a) | 174,000 | 159,063 |
4.50%, 02/15/47 (a) | 50,000 | 41,495 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 200,000 | 188,082 |
L3Harris Technologies, Inc. | ||
3.95%, 05/28/24 (a) | 100,000 | 98,353 |
3.83%, 04/27/25 (a) | 200,000 | 194,651 |
3.85%, 12/15/26 (a) | 200,000 | 191,270 |
4.40%, 06/15/28 (a) | 545,000 | 525,864 |
2.90%, 12/15/29 (a) | 150,000 | 128,440 |
1.80%, 01/15/31 (a) | 200,000 | 153,977 |
4.85%, 04/27/35 (a) | 100,000 | 93,310 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.15%, 12/15/40 | 50,000 | 51,383 |
5.05%, 04/27/45 (a) | 100,000 | 90,043 |
Lafarge S.A. | ||
7.13%, 07/15/36 | 150,000 | 159,486 |
Leggett & Platt, Inc. | ||
3.50%, 11/15/27 (a) | 200,000 | 183,947 |
4.40%, 03/15/29 (a) | 226,000 | 213,001 |
3.50%, 11/15/51 (a) | 150,000 | 104,956 |
Legrand France S.A. | ||
8.50%, 02/15/25 | 150,000 | 162,174 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 100,000 | 90,399 |
1.70%, 08/01/27 (a) | 130,000 | 111,871 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 225,000 | 218,826 |
5.10%, 11/15/27 (a) | 200,000 | 204,980 |
1.85%, 06/15/30 (a) | 150,000 | 123,182 |
5.25%, 01/15/33 (a) | 250,000 | 258,734 |
3.60%, 03/01/35 (a) | 100,000 | 88,846 |
4.50%, 05/15/36 (a) | 100,000 | 95,576 |
6.15%, 09/01/36 | 200,000 | 217,440 |
5.72%, 06/01/40 | 165,000 | 174,441 |
4.07%, 12/15/42 | 450,000 | 389,302 |
3.80%, 03/01/45 (a) | 300,000 | 246,219 |
4.70%, 05/15/46 (a) | 350,000 | 327,614 |
2.80%, 06/15/50 (a) | 250,000 | 170,089 |
4.09%, 09/15/52 (a) | 400,000 | 339,335 |
4.15%, 06/15/53 (a) | 350,000 | 298,266 |
5.70%, 11/15/54 (a) | 250,000 | 265,266 |
4.30%, 06/15/62 (a) | 200,000 | 168,955 |
5.90%, 11/15/63 (a) | 200,000 | 216,021 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 100,000 | 98,738 |
3.45%, 06/01/27 (a) | 25,000 | 23,311 |
3.50%, 12/15/27 (a) | 150,000 | 139,448 |
2.50%, 03/15/30 (a) | 200,000 | 165,471 |
2.40%, 07/15/31 (a) | 300,000 | 240,290 |
4.25%, 12/15/47 (a) | 300,000 | 243,445 |
Masco Corp. | ||
2.00%, 10/01/30 (a) | 350,000 | 272,549 |
4.50%, 05/15/47 (a) | 175,000 | 138,276 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 200,000 | 172,821 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 450,000 | 431,996 |
3.20%, 02/01/27 (a) | 300,000 | 282,165 |
3.25%, 01/15/28 (a) | 450,000 | 416,771 |
4.40%, 05/01/30 (a) | 200,000 | 192,758 |
5.15%, 05/01/40 (a) | 100,000 | 97,595 |
5.05%, 11/15/40 | 100,000 | 95,944 |
4.75%, 06/01/43 | 300,000 | 277,837 |
3.85%, 04/15/45 (a) | 200,000 | 160,030 |
4.03%, 10/15/47 (a) | 600,000 | 497,957 |
5.25%, 05/01/50 (a) | 300,000 | 296,772 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 200,000 | 185,021 |
2.75%, 11/15/31 (a) | 100,000 | 76,876 |
Oshkosh Corp. | ||
3.10%, 03/01/30 (a) | 150,000 | 126,982 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 400,000 | 374,845 |
2.29%, 04/05/27 (a) | 200,000 | 179,797 |
2.57%, 02/15/30 (a) | 450,000 | 378,853 |
3.11%, 02/15/40 (a) | 50,000 | 36,885 |
3.36%, 02/15/50 (a) | 300,000 | 210,682 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Owens Corning | ||
3.40%, 08/15/26 (a) | 225,000 | 211,320 |
3.95%, 08/15/29 (a) | 150,000 | 136,407 |
3.88%, 06/01/30 (a) | 100,000 | 89,127 |
7.00%, 12/01/36 | 145,000 | 155,567 |
4.30%, 07/15/47 (a) | 100,000 | 77,983 |
4.40%, 01/30/48 (a) | 150,000 | 117,276 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 200,000 | 192,932 |
3.65%, 06/15/24 | 400,000 | 391,684 |
3.25%, 03/01/27 (a) | 100,000 | 93,635 |
4.25%, 09/15/27 (a) | 400,000 | 389,168 |
3.25%, 06/14/29 (a) | 370,000 | 331,489 |
4.20%, 11/21/34 (a) | 150,000 | 135,167 |
6.25%, 05/15/38 | 150,000 | 155,887 |
4.45%, 11/21/44 (a) | 200,000 | 172,469 |
4.10%, 03/01/47 (a) | 150,000 | 120,083 |
4.00%, 06/14/49 (a) | 250,000 | 197,875 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 250,000 | 232,042 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 200,000 | 193,748 |
3.90%, 01/15/43 (a) | 150,000 | 125,843 |
4.38%, 06/15/45 (a) | 139,000 | 121,894 |
Raytheon Technologies Corp. | ||
3.20%, 03/15/24 (a) | 350,000 | 342,526 |
3.95%, 08/16/25 (a) | 400,000 | 391,175 |
2.65%, 11/01/26 (a) | 250,000 | 230,787 |
3.50%, 03/15/27 (a) | 200,000 | 190,924 |
3.13%, 05/04/27 (a) | 350,000 | 326,648 |
7.20%, 08/15/27 | 50,000 | 55,231 |
4.13%, 11/16/28 (a) | 900,000 | 863,521 |
7.50%, 09/15/29 | 250,000 | 283,948 |
2.25%, 07/01/30 (a) | 250,000 | 208,343 |
1.90%, 09/01/31 (a) | 350,000 | 274,980 |
5.40%, 05/01/35 | 250,000 | 251,119 |
6.05%, 06/01/36 | 100,000 | 105,949 |
6.13%, 07/15/38 | 200,000 | 213,974 |
4.45%, 11/16/38 (a) | 300,000 | 273,492 |
5.70%, 04/15/40 | 100,000 | 102,488 |
4.88%, 10/15/40 (c) | 150,000 | 140,420 |
4.70%, 12/15/41 | 150,000 | 137,198 |
4.50%, 06/01/42 | 1,000,000 | 900,258 |
4.80%, 12/15/43 (a) | 165,000 | 150,746 |
4.15%, 05/15/45 (a) | 275,000 | 229,601 |
3.75%, 11/01/46 (a) | 350,000 | 273,256 |
4.35%, 04/15/47 (a) | 150,000 | 129,056 |
4.05%, 05/04/47 (a) | 150,000 | 123,395 |
4.63%, 11/16/48 (a) | 350,000 | 317,291 |
3.13%, 07/01/50 (a) | 300,000 | 211,522 |
2.82%, 09/01/51 (a) | 350,000 | 228,810 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 350,000 | 335,550 |
0.88%, 11/15/25 (a) | 200,000 | 178,776 |
2.90%, 07/01/26 (a) | 200,000 | 187,028 |
3.38%, 11/15/27 (a) | 300,000 | 280,135 |
3.95%, 05/15/28 (a) | 75,000 | 71,516 |
2.30%, 03/01/30 (a) | 250,000 | 209,709 |
1.45%, 02/15/31 (a) | 250,000 | 192,517 |
1.75%, 02/15/32 (a) | 250,000 | 192,642 |
6.20%, 03/01/40 | 100,000 | 106,121 |
3.05%, 03/01/50 (a) | 150,000 | 104,036 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 100,000 | 93,454 |
1.75%, 08/15/31 (a) | 200,000 | 158,096 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.20%, 03/01/49 (a) | 200,000 | 172,012 |
2.80%, 08/15/61 (a) | 150,000 | 90,027 |
Roper Technologies, Inc. | ||
2.35%, 09/15/24 (a) | 250,000 | 238,690 |
1.00%, 09/15/25 (a) | 250,000 | 224,567 |
3.85%, 12/15/25 (a) | 100,000 | 97,039 |
3.80%, 12/15/26 (a) | 150,000 | 143,499 |
1.40%, 09/15/27 (a) | 200,000 | 169,766 |
4.20%, 09/15/28 (a) | 50,000 | 48,309 |
2.95%, 09/15/29 (a) | 200,000 | 173,788 |
2.00%, 06/30/30 (a) | 250,000 | 200,183 |
1.75%, 02/15/31 (a) | 250,000 | 192,645 |
Snap-on, Inc. | ||
4.10%, 03/01/48 (a) | 100,000 | 84,583 |
3.10%, 05/01/50 (a) | 200,000 | 143,007 |
Sonoco Products Co. | ||
1.80%, 02/01/25 (a) | 125,000 | 116,305 |
3.13%, 05/01/30 (a) | 300,000 | 258,126 |
2.85%, 02/01/32 (a) | 100,000 | 81,404 |
5.75%, 11/01/40 (a) | 180,000 | 175,148 |
Stanley Black & Decker, Inc. | ||
2.30%, 02/24/25 (a) | 150,000 | 142,034 |
3.40%, 03/01/26 (a) | 100,000 | 95,487 |
4.25%, 11/15/28 (a) | 150,000 | 143,720 |
2.30%, 03/15/30 (a) | 250,000 | 206,070 |
5.20%, 09/01/40 | 109,000 | 103,179 |
4.85%, 11/15/48 (a) | 200,000 | 175,065 |
2.75%, 11/15/50 (a) | 250,000 | 152,887 |
4.00%, 03/15/60 (a)(b) | 250,000 | 215,575 |
Teledyne Technologies, Inc. | ||
1.60%, 04/01/26 (a) | 250,000 | 223,687 |
2.25%, 04/01/28 (a) | 200,000 | 172,966 |
2.75%, 04/01/31 (a) | 300,000 | 246,357 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 100,000 | 98,882 |
3.88%, 03/01/25 (a) | 100,000 | 97,435 |
4.00%, 03/15/26 (a) | 150,000 | 144,677 |
3.65%, 03/15/27 (a) | 250,000 | 234,032 |
3.38%, 03/01/28 (a) | 100,000 | 91,071 |
3.90%, 09/17/29 (a) | 150,000 | 136,318 |
2.45%, 03/15/31 (a) | 150,000 | 120,659 |
Timken Co. | ||
3.88%, 09/01/24 (a) | 150,000 | 146,457 |
4.50%, 12/15/28 (a) | 150,000 | 142,989 |
Trane Technologies Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 300,000 | 284,152 |
5.75%, 06/15/43 | 200,000 | 197,381 |
4.30%, 02/21/48 (a) | 150,000 | 116,260 |
Trane Technologies Luxembourg Finance S.A. | ||
3.80%, 03/21/29 (a) | 200,000 | 184,737 |
4.65%, 11/01/44 (a) | 100,000 | 84,396 |
Valmont Industries, Inc. | ||
5.00%, 10/01/44 (a) | 180,000 | 155,492 |
5.25%, 10/01/54 (a) | 100,000 | 86,190 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 200,000 | 169,399 |
2.40%, 04/01/28 (a) | 150,000 | 118,892 |
2.95%, 04/01/31 (a) | 225,000 | 165,209 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 150,000 | 142,671 |
3.50%, 06/01/30 (a) | 250,000 | 220,881 |
4.50%, 06/15/47 (a) | 250,000 | 209,528 |
4.70%, 03/01/48 (a) | 150,000 | 128,869 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 200,000 | 191,809 |
3.50%, 05/01/29 (a) | 209,000 | 191,660 |
2.60%, 02/01/30 (a) | 250,000 | 213,362 |
2.20%, 01/15/32 (a) | 200,000 | 159,301 |
3.20%, 06/01/32 (a) | 250,000 | 214,399 |
2.95%, 01/15/52 (a) | 300,000 | 199,888 |
Waste Management, Inc. | ||
0.75%, 11/15/25 (a) | 300,000 | 268,989 |
3.15%, 11/15/27 (a) | 325,000 | 303,710 |
1.15%, 03/15/28 (a) | 250,000 | 208,959 |
1.50%, 03/15/31 (a) | 50,000 | 39,176 |
4.15%, 04/15/32 (a) | 100,000 | 95,251 |
4.10%, 03/01/45 (a) | 250,000 | 216,698 |
4.15%, 07/15/49 (a) | 300,000 | 262,186 |
2.50%, 11/15/50 (a) | 300,000 | 187,679 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(f) | 300,000 | 295,384 |
3.20%, 06/15/25 (a) | 200,000 | 188,484 |
3.45%, 11/15/26 (a) | 150,000 | 139,981 |
4.95%, 09/15/28 (a)(f) | 300,000 | 288,693 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 300,000 | 281,880 |
4.60%, 06/15/45 (a) | 150,000 | 136,865 |
4.20%, 05/15/47 (a) | 225,000 | 189,946 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 185,000 | 173,917 |
1.95%, 01/30/28 (a) | 100,000 | 86,065 |
2.25%, 01/30/31 (a) | 200,000 | 162,553 |
4.38%, 11/01/46 (a) | 145,000 | 120,646 |
86,282,646 | ||
Communications 2.1% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 250,000 | 238,420 |
3.40%, 06/15/27 (a) | 100,000 | 94,735 |
1.35%, 09/15/30 (a) | 175,000 | 136,982 |
4.50%, 06/15/47 (a) | 78,000 | 68,644 |
2.50%, 09/15/50 (a) | 400,000 | 247,620 |
America Movil S.A.B. de C.V. | ||
3.63%, 04/22/29 (a) | 300,000 | 273,764 |
2.88%, 05/07/30 (a) | 350,000 | 300,291 |
6.38%, 03/01/35 | 350,000 | 374,505 |
6.13%, 11/15/37 | 100,000 | 104,954 |
6.13%, 03/30/40 | 625,000 | 647,794 |
4.38%, 07/16/42 | 300,000 | 257,879 |
4.38%, 04/22/49 (a) | 350,000 | 299,140 |
American Tower Corp. | ||
5.00%, 02/15/24 | 350,000 | 349,503 |
3.38%, 05/15/24 (a) | 300,000 | 292,158 |
2.95%, 01/15/25 (a) | 280,000 | 267,360 |
2.40%, 03/15/25 (a) | 350,000 | 329,792 |
4.00%, 06/01/25 (a) | 100,000 | 97,519 |
4.40%, 02/15/26 (a) | 100,000 | 97,647 |
1.60%, 04/15/26 (a) | 350,000 | 311,702 |
3.38%, 10/15/26 (a) | 250,000 | 234,154 |
2.75%, 01/15/27 (a) | 65,000 | 58,980 |
3.13%, 01/15/27 (a) | 150,000 | 137,830 |
3.65%, 03/15/27 (a) | 250,000 | 233,999 |
3.55%, 07/15/27 (a) | 250,000 | 231,685 |
3.60%, 01/15/28 (a) | 300,000 | 276,508 |
1.50%, 01/31/28 (a) | 250,000 | 207,440 |
3.95%, 03/15/29 (a) | 200,000 | 184,270 |
3.80%, 08/15/29 (a) | 650,000 | 591,945 |
2.90%, 01/15/30 (a) | 150,000 | 127,369 |
1.88%, 10/15/30 (a) | 250,000 | 193,103 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.30%, 09/15/31 (a) | 200,000 | 155,890 |
4.05%, 03/15/32 (a) | 250,000 | 223,955 |
3.70%, 10/15/49 (a) | 200,000 | 142,603 |
3.10%, 06/15/50 (a) | 375,000 | 239,990 |
2.95%, 01/15/51 (a) | 275,000 | 170,600 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 350,000 | 332,680 |
3.88%, 01/15/26 (a) | 100,000 | 97,715 |
1.70%, 03/25/26 (a) | 850,000 | 767,939 |
2.95%, 07/15/26 (a) | 100,000 | 93,086 |
3.80%, 02/15/27 (a) | 250,000 | 238,597 |
4.25%, 03/01/27 (a) | 400,000 | 389,778 |
2.30%, 06/01/27 (a) | 700,000 | 624,435 |
1.65%, 02/01/28 (a) | 650,000 | 550,345 |
4.10%, 02/15/28 (a) | 550,000 | 524,490 |
4.35%, 03/01/29 (a) | 850,000 | 809,859 |
4.30%, 02/15/30 (a) | 950,000 | 895,242 |
2.75%, 06/01/31 (a) | 900,000 | 748,656 |
2.25%, 02/01/32 (a) | 800,000 | 627,975 |
2.55%, 12/01/33 (a) | 1,081,000 | 832,175 |
4.50%, 05/15/35 (a) | 800,000 | 728,531 |
5.25%, 03/01/37 (a) | 300,000 | 289,828 |
4.90%, 08/15/37 (a) | 129,000 | 119,162 |
4.85%, 03/01/39 (a) | 540,000 | 483,779 |
5.35%, 09/01/40 | 250,000 | 238,187 |
3.50%, 06/01/41 (a) | 800,000 | 597,169 |
5.55%, 08/15/41 | 75,000 | 72,490 |
4.30%, 12/15/42 (a) | 400,000 | 329,766 |
3.10%, 02/01/43 (a) | 300,000 | 208,666 |
4.65%, 06/01/44 (a) | 150,000 | 126,493 |
4.35%, 06/15/45 (a) | 300,000 | 243,139 |
4.75%, 05/15/46 (a) | 600,000 | 513,052 |
5.15%, 11/15/46 (a) | 275,000 | 248,944 |
5.65%, 02/15/47 (a) | 250,000 | 244,425 |
5.45%, 03/01/47 (a) | 128,000 | 120,921 |
4.50%, 03/09/48 (a) | 500,000 | 407,739 |
4.55%, 03/09/49 (a) | 309,000 | 253,527 |
5.15%, 02/15/50 (a) | 200,000 | 182,656 |
3.65%, 06/01/51 (a) | 875,000 | 619,600 |
3.30%, 02/01/52 (a) | 275,000 | 184,675 |
3.50%, 09/15/53 (a) | 2,000,000 | 1,360,399 |
3.55%, 09/15/55 (a) | 2,100,000 | 1,418,562 |
3.80%, 12/01/57 (a) | 1,675,000 | 1,160,672 |
3.65%, 09/15/59 (a) | 1,800,000 | 1,218,907 |
3.85%, 06/01/60 (a) | 425,000 | 296,748 |
3.50%, 02/01/61 (a) | 100,000 | 65,999 |
Bell Canada | ||
0.75%, 03/17/24 | 250,000 | 236,985 |
4.46%, 04/01/48 (a) | 500,000 | 427,713 |
4.30%, 07/29/49 (a) | 50,000 | 41,070 |
3.20%, 02/15/52 (a) | 300,000 | 201,642 |
3.65%, 08/15/52 (a) | 250,000 | 183,822 |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 800,000 | 777,837 |
9.63%, 12/15/30 (f) | 150,000 | 179,754 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.50%, 02/01/24 (a) | 350,000 | 346,058 |
4.91%, 07/23/25 (a) | 1,200,000 | 1,178,188 |
3.75%, 02/15/28 (a) | 325,000 | 294,755 |
4.20%, 03/15/28 (a) | 250,000 | 230,255 |
2.25%, 01/15/29 (a) | 200,000 | 161,235 |
5.05%, 03/30/29 (a) | 500,000 | 471,249 |
2.80%, 04/01/31 (a) | 500,000 | 390,124 |
2.30%, 02/01/32 (a) | 300,000 | 221,738 |
4.40%, 04/01/33 (a) | 150,000 | 128,812 |
6.38%, 10/23/35 (a) | 600,000 | 586,644 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.38%, 04/01/38 (a) | 300,000 | 252,437 |
3.50%, 06/01/41 (a) | 300,000 | 197,582 |
3.50%, 03/01/42 (a) | 450,000 | 291,032 |
6.48%, 10/23/45 (a) | 1,000,000 | 906,684 |
5.38%, 05/01/47 (a) | 700,000 | 554,431 |
5.75%, 04/01/48 (a) | 750,000 | 620,472 |
5.13%, 07/01/49 (a) | 350,000 | 267,630 |
4.80%, 03/01/50 (a) | 800,000 | 585,534 |
3.70%, 04/01/51 (a) | 550,000 | 336,890 |
3.90%, 06/01/52 (a) | 650,000 | 411,022 |
5.25%, 04/01/53 (a) | 400,000 | 312,688 |
6.83%, 10/23/55 (a) | 150,000 | 139,134 |
3.85%, 04/01/61 (a) | 500,000 | 290,487 |
4.40%, 12/01/61 (a) | 400,000 | 257,559 |
3.95%, 06/30/62 (a) | 300,000 | 178,410 |
5.50%, 04/01/63 (a) | 300,000 | 231,069 |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 750,000 | 738,981 |
3.38%, 02/15/25 (a) | 200,000 | 194,110 |
3.38%, 08/15/25 (a) | 400,000 | 386,096 |
3.95%, 10/15/25 (a) | 900,000 | 882,004 |
3.15%, 03/01/26 (a) | 500,000 | 476,739 |
2.35%, 01/15/27 (a) | 450,000 | 409,950 |
3.30%, 02/01/27 (a) | 380,000 | 359,018 |
5.35%, 11/15/27 (a) | 200,000 | 204,555 |
3.15%, 02/15/28 (a) | 500,000 | 462,417 |
3.55%, 05/01/28 (a) | 442,000 | 415,973 |
4.15%, 10/15/28 (a) | 1,150,000 | 1,106,406 |
2.65%, 02/01/30 (a) | 500,000 | 432,928 |
3.40%, 04/01/30 (a) | 450,000 | 410,183 |
4.25%, 10/15/30 (a) | 400,000 | 384,062 |
1.95%, 01/15/31 (a) | 500,000 | 404,108 |
1.50%, 02/15/31 (a) | 350,000 | 273,041 |
5.50%, 11/15/32 (a) | 300,000 | 312,790 |
4.25%, 01/15/33 | 500,000 | 471,753 |
7.05%, 03/15/33 | 250,000 | 288,748 |
4.20%, 08/15/34 (a) | 350,000 | 323,895 |
5.65%, 06/15/35 | 300,000 | 315,503 |
4.40%, 08/15/35 (a) | 230,000 | 214,201 |
6.50%, 11/15/35 | 150,000 | 167,494 |
3.20%, 07/15/36 (a) | 375,000 | 304,812 |
3.90%, 03/01/38 (a) | 350,000 | 303,705 |
4.60%, 10/15/38 (a) | 300,000 | 277,966 |
3.25%, 11/01/39 (a) | 400,000 | 312,776 |
3.75%, 04/01/40 (a) | 450,000 | 371,870 |
4.65%, 07/15/42 | 150,000 | 135,965 |
4.75%, 03/01/44 | 200,000 | 182,849 |
4.60%, 08/15/45 (a) | 250,000 | 221,684 |
3.40%, 07/15/46 (a) | 400,000 | 293,889 |
4.00%, 08/15/47 (a) | 266,000 | 213,975 |
3.97%, 11/01/47 (a) | 598,000 | 479,423 |
4.00%, 03/01/48 (a) | 300,000 | 241,436 |
4.70%, 10/15/48 (a) | 550,000 | 497,404 |
4.00%, 11/01/49 (a) | 600,000 | 478,785 |
3.45%, 02/01/50 (a) | 550,000 | 401,182 |
2.80%, 01/15/51 (a) | 600,000 | 382,666 |
2.89%, 11/01/51 (a) | 1,483,000 | 959,306 |
2.45%, 08/15/52 (a) | 500,000 | 295,763 |
4.05%, 11/01/52 (a) | 278,000 | 223,574 |
2.94%, 11/01/56 (a) | 1,513,000 | 950,651 |
4.95%, 10/15/58 (a) | 300,000 | 274,720 |
2.65%, 08/15/62 (a) | 300,000 | 171,866 |
2.99%, 11/01/63 (a) | 1,000,000 | 609,193 |
Crown Castle International Corp. | ||
3.20%, 09/01/24 (a) | 250,000 | 241,641 |
1.35%, 07/15/25 (a) | 200,000 | 182,057 |
4.45%, 02/15/26 (a) | 300,000 | 293,404 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.70%, 06/15/26 (a) | 250,000 | 237,953 |
1.05%, 07/15/26 (a) | 100,000 | 86,637 |
4.00%, 03/01/27 (a) | 200,000 | 190,932 |
2.90%, 03/15/27 (a) | 250,000 | 227,835 |
3.65%, 09/01/27 (a) | 300,000 | 279,302 |
3.80%, 02/15/28 (a) | 300,000 | 279,120 |
3.10%, 11/15/29 (a) | 200,000 | 174,607 |
3.30%, 07/01/30 (a) | 300,000 | 262,526 |
2.25%, 01/15/31 (a) | 350,000 | 280,404 |
2.10%, 04/01/31 (a) | 175,000 | 137,948 |
2.50%, 07/15/31 (a) | 250,000 | 201,801 |
2.90%, 04/01/41 (a) | 300,000 | 205,811 |
4.75%, 05/15/47 (a) | 125,000 | 106,284 |
5.20%, 02/15/49 (a) | 100,000 | 90,283 |
4.00%, 11/15/49 (a) | 50,000 | 38,143 |
4.15%, 07/01/50 (a) | 150,000 | 116,022 |
3.25%, 01/15/51 (a) | 300,000 | 196,481 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 1,100,000 | 1,300,533 |
9.25%, 06/01/32 | 50,000 | 62,623 |
Discovery Communications LLC | ||
3.90%, 11/15/24 (a) | 200,000 | 193,657 |
3.45%, 03/15/25 (a) | 250,000 | 238,072 |
4.90%, 03/11/26 (a) | 100,000 | 97,051 |
3.95%, 03/20/28 (a) | 550,000 | 488,969 |
4.13%, 05/15/29 (a) | 250,000 | 217,358 |
3.63%, 05/15/30 (a) | 250,000 | 206,766 |
5.00%, 09/20/37 (a) | 200,000 | 161,804 |
6.35%, 06/01/40 | 200,000 | 182,235 |
4.88%, 04/01/43 | 175,000 | 130,474 |
5.20%, 09/20/47 (a) | 375,000 | 280,725 |
5.30%, 05/15/49 (a) | 300,000 | 228,796 |
4.65%, 05/15/50 (a) | 225,000 | 155,296 |
4.00%, 09/15/55 (a) | 514,000 | 310,919 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 74,828 |
1.85%, 02/15/31 (a) | 250,000 | 196,985 |
2.95%, 02/15/51 (a) | 250,000 | 162,824 |
Fox Corp. | ||
4.03%, 01/25/24 (a) | 250,000 | 247,199 |
3.05%, 04/07/25 (a) | 250,000 | 239,567 |
4.71%, 01/25/29 (a) | 550,000 | 532,756 |
3.50%, 04/08/30 (a) | 200,000 | 177,330 |
5.48%, 01/25/39 (a) | 350,000 | 319,485 |
5.58%, 01/25/49 (a) | 400,000 | 360,386 |
Grupo Televisa S.A.B. | ||
8.50%, 03/11/32 | 50,000 | 58,970 |
6.63%, 01/15/40 | 200,000 | 206,709 |
5.00%, 05/13/45 (a) | 300,000 | 258,086 |
6.13%, 01/31/46 (a) | 250,000 | 250,316 |
5.25%, 05/24/49 (a) | 200,000 | 177,977 |
Interpublic Group of Cos., Inc. | ||
4.75%, 03/30/30 (a) | 300,000 | 283,572 |
2.40%, 03/01/31 (a) | 200,000 | 158,497 |
5.40%, 10/01/48 (a) | 200,000 | 184,449 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 190,000 | 213,396 |
Magallanes, Inc. | ||
3.43%, 03/15/24 (c) | 500,000 | 485,645 |
3.64%, 03/15/25 (c) | 500,000 | 475,951 |
3.76%, 03/15/27 (a)(c) | 1,050,000 | 948,300 |
4.05%, 03/15/29 (a)(c) | 450,000 | 390,614 |
4.28%, 03/15/32 (a)(c) | 1,350,000 | 1,114,247 |
5.05%, 03/15/42 (a)(c) | 1,150,000 | 884,961 |
5.14%, 03/15/52 (a)(c) | 1,900,000 | 1,396,354 |
5.39%, 03/15/62 (a)(c) | 800,000 | 587,680 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 800,000 | 746,952 |
3.85%, 08/15/32 (a) | 875,000 | 772,455 |
4.45%, 08/15/52 (a) | 700,000 | 559,889 |
4.65%, 08/15/62 (a) | 425,000 | 343,249 |
NBCUniversal Media LLC | ||
5.95%, 04/01/41 | 200,000 | 208,561 |
4.45%, 01/15/43 | 200,000 | 176,190 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 100,000 | 82,836 |
4.20%, 06/01/30 (a) | 200,000 | 186,498 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 250,000 | 245,174 |
3.60%, 04/15/26 (a) | 500,000 | 480,933 |
Orange S.A. | ||
9.00%, 03/01/31 | 800,000 | 981,983 |
5.38%, 01/13/42 | 250,000 | 243,177 |
5.50%, 02/06/44 (a) | 150,000 | 148,422 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a)(c) | 300,000 | 286,155 |
3.63%, 12/15/25 (a) | 270,000 | 259,092 |
2.90%, 11/15/26 (a) | 100,000 | 91,585 |
3.20%, 03/15/27 (a)(c) | 400,000 | 370,483 |
3.80%, 03/15/32 (a)(c) | 500,000 | 432,204 |
7.50%, 08/15/38 | 100,000 | 111,532 |
4.50%, 03/15/42 (a)(c) | 250,000 | 203,909 |
4.50%, 03/15/43 (a) | 100,000 | 80,688 |
5.45%, 10/01/43 (a) | 250,000 | 225,163 |
5.00%, 03/15/44 (a) | 350,000 | 299,806 |
4.30%, 02/15/48 (a) | 150,000 | 113,772 |
4.35%, 05/01/49 (a) | 400,000 | 305,409 |
3.70%, 11/15/49 (a) | 300,000 | 204,385 |
4.55%, 03/15/52 (a)(c) | 450,000 | 351,077 |
Take-Two Interactive Software, Inc. | ||
3.30%, 03/28/24 | 300,000 | 293,017 |
3.55%, 04/14/25 | 200,000 | 192,853 |
3.70%, 04/14/27 (a) | 200,000 | 188,515 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 100,000 | 108,573 |
7.13%, 02/15/28 | 150,000 | 164,213 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 350,000 | 332,172 |
7.05%, 06/20/36 | 550,000 | 569,154 |
4.67%, 03/06/38 | 250,000 | 198,612 |
5.21%, 03/08/47 | 700,000 | 565,827 |
4.90%, 03/06/48 | 375,000 | 289,272 |
5.52%, 03/01/49 (a) | 225,000 | 188,889 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 350,000 | 391,706 |
TELUS Corp. | ||
2.80%, 02/16/27 (a) | 150,000 | 138,892 |
3.70%, 09/15/27 (a) | 150,000 | 142,368 |
3.40%, 05/13/32 (a) | 300,000 | 256,032 |
4.60%, 11/16/48 (a) | 200,000 | 173,325 |
4.30%, 06/15/49 (a) | 175,000 | 144,245 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 | 300,000 | 285,206 |
7.30%, 07/01/38 | 450,000 | 450,466 |
6.75%, 06/15/39 | 425,000 | 406,178 |
5.88%, 11/15/40 (a) | 350,000 | 306,305 |
5.50%, 09/01/41 (a) | 350,000 | 292,570 |
4.50%, 09/15/42 (a) | 375,000 | 276,723 |
Time Warner Entertainment Co. LP | ||
8.38%, 07/15/33 | 300,000 | 336,674 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 850,000 | 818,588 |
1.50%, 02/15/26 (a) | 350,000 | 313,855 |
2.25%, 02/15/26 (a) | 500,000 | 455,765 |
2.63%, 04/15/26 (a) | 125,000 | 114,615 |
3.75%, 04/15/27 (a) | 1,200,000 | 1,132,661 |
4.75%, 02/01/28 (a) | 400,000 | 390,044 |
2.05%, 02/15/28 (a) | 600,000 | 516,528 |
2.63%, 02/15/29 (a) | 225,000 | 191,086 |
2.40%, 03/15/29 (a) | 200,000 | 169,213 |
3.38%, 04/15/29 (a) | 800,000 | 706,279 |
3.88%, 04/15/30 (a) | 2,050,000 | 1,863,417 |
2.55%, 02/15/31 (a) | 750,000 | 612,491 |
2.88%, 02/15/31 (a) | 200,000 | 165,385 |
3.50%, 04/15/31 (a) | 800,000 | 694,142 |
2.25%, 11/15/31 (a) | 250,000 | 197,043 |
2.70%, 03/15/32 (a) | 250,000 | 202,433 |
4.38%, 04/15/40 (a) | 600,000 | 515,120 |
3.00%, 02/15/41 (a) | 600,000 | 423,839 |
4.50%, 04/15/50 (a) | 925,000 | 764,375 |
3.30%, 02/15/51 (a) | 800,000 | 534,049 |
3.40%, 10/15/52 (a) | 800,000 | 543,502 |
5.65%, 01/15/53 (a) | 150,000 | 145,820 |
3.60%, 11/15/60 (a) | 500,000 | 330,283 |
5.80%, 09/15/62 (a) | 200,000 | 195,115 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 191,938 |
3.00%, 02/13/26 | 350,000 | 331,976 |
1.85%, 07/30/26 | 400,000 | 362,132 |
7.00%, 03/01/32 | 100,000 | 113,318 |
4.38%, 08/16/41 | 150,000 | 133,541 |
4.13%, 12/01/41 | 200,000 | 172,637 |
4.13%, 06/01/44 | 350,000 | 302,126 |
3.00%, 07/30/46 | 150,000 | 105,716 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 300,000 | 284,839 |
3.50%, 11/01/24 (a) | 358,000 | 347,971 |
3.38%, 02/15/25 | 350,000 | 339,402 |
0.85%, 11/20/25 (a) | 400,000 | 357,452 |
1.45%, 03/20/26 (a) | 550,000 | 494,631 |
2.63%, 08/15/26 | 425,000 | 392,957 |
4.13%, 03/16/27 | 700,000 | 682,351 |
3.00%, 03/22/27 (a) | 250,000 | 232,709 |
2.10%, 03/22/28 (a) | 850,000 | 738,272 |
4.33%, 09/21/28 | 1,350,000 | 1,301,270 |
3.88%, 02/08/29 (a) | 250,000 | 235,006 |
4.02%, 12/03/29 (a) | 1,107,000 | 1,037,168 |
3.15%, 03/22/30 (a) | 500,000 | 441,159 |
1.50%, 09/18/30 (a) | 300,000 | 233,779 |
1.68%, 10/30/30 (a) | 418,000 | 325,509 |
7.75%, 12/01/30 | 150,000 | 173,397 |
1.75%, 01/20/31 (a) | 700,000 | 543,406 |
2.55%, 03/21/31 (a) | 1,200,000 | 989,132 |
2.36%, 03/15/32 (a) | 1,290,000 | 1,024,553 |
4.50%, 08/10/33 | 500,000 | 469,308 |
4.40%, 11/01/34 (a) | 550,000 | 506,259 |
4.27%, 01/15/36 | 550,000 | 492,996 |
5.25%, 03/16/37 | 400,000 | 395,860 |
4.81%, 03/15/39 | 400,000 | 368,959 |
2.65%, 11/20/40 (a) | 925,000 | 625,040 |
3.40%, 03/22/41 (a) | 1,100,000 | 828,940 |
3.85%, 11/01/42 (a) | 306,000 | 243,409 |
6.55%, 09/15/43 | 200,000 | 219,507 |
4.13%, 08/15/46 | 300,000 | 242,314 |
4.86%, 08/21/46 | 750,000 | 682,032 |
4.52%, 09/15/48 | 400,000 | 343,165 |
4.00%, 03/22/50 (a) | 325,000 | 256,537 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.88%, 11/20/50 (a) | 800,000 | 504,171 |
3.55%, 03/22/51 (a) | 1,300,000 | 929,981 |
3.88%, 03/01/52 (a) | 250,000 | 190,694 |
5.01%, 08/21/54 | 275,000 | 252,439 |
4.67%, 03/15/55 | 225,000 | 195,604 |
2.99%, 10/30/56 (a) | 1,000,000 | 614,555 |
3.00%, 11/20/60 (a) | 600,000 | 360,286 |
3.70%, 03/22/61 (a) | 1,000,000 | 702,132 |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 222,000 | 218,716 |
4.00%, 01/15/26 (a) | 250,000 | 240,260 |
2.90%, 01/15/27 (a) | 200,000 | 179,805 |
3.38%, 02/15/28 (a) | 150,000 | 133,359 |
3.70%, 06/01/28 (a) | 150,000 | 134,056 |
4.20%, 06/01/29 (a) | 189,000 | 168,316 |
7.88%, 07/30/30 | 100,000 | 106,759 |
4.95%, 01/15/31 (a) | 250,000 | 223,207 |
4.20%, 05/19/32 (a) | 325,000 | 266,332 |
5.50%, 05/15/33 | 100,000 | 90,396 |
6.88%, 04/30/36 | 275,000 | 268,730 |
5.90%, 10/15/40 (a) | 150,000 | 131,680 |
4.85%, 07/01/42 (a) | 150,000 | 111,629 |
4.38%, 03/15/43 | 350,000 | 242,174 |
5.85%, 09/01/43 (a) | 300,000 | 250,399 |
5.25%, 04/01/44 (a) | 150,000 | 116,188 |
4.90%, 08/15/44 (a) | 200,000 | 146,633 |
4.60%, 01/15/45 (a) | 150,000 | 105,611 |
4.95%, 05/19/50 (a) | 325,000 | 238,464 |
Vodafone Group PLC | ||
3.75%, 01/16/24 | 200,000 | 197,629 |
4.13%, 05/30/25 | 450,000 | 443,238 |
4.38%, 05/30/28 | 200,000 | 196,893 |
7.88%, 02/15/30 | 200,000 | 225,537 |
6.25%, 11/30/32 | 100,000 | 105,109 |
6.15%, 02/27/37 | 430,000 | 435,485 |
5.00%, 05/30/38 | 250,000 | 230,165 |
4.38%, 02/19/43 | 450,000 | 360,743 |
5.25%, 05/30/48 | 900,000 | 799,589 |
4.88%, 06/19/49 | 525,000 | 442,750 |
4.25%, 09/17/50 | 375,000 | 289,637 |
5.13%, 06/19/59 | 150,000 | 128,985 |
Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 350,000 | 333,664 |
3.70%, 09/15/24 (a) | 150,000 | 147,024 |
3.35%, 03/24/25 | 500,000 | 484,729 |
3.70%, 10/15/25 (a) | 250,000 | 242,977 |
1.75%, 01/13/26 | 500,000 | 458,433 |
3.38%, 11/15/26 (a) | 200,000 | 189,582 |
3.70%, 03/23/27 | 200,000 | 192,573 |
2.20%, 01/13/28 | 350,000 | 312,390 |
2.00%, 09/01/29 (a) | 375,000 | 315,149 |
3.80%, 03/22/30 | 200,000 | 186,436 |
2.65%, 01/13/31 | 800,000 | 684,439 |
6.20%, 12/15/34 | 200,000 | 218,539 |
6.40%, 12/15/35 | 250,000 | 274,365 |
6.15%, 03/01/37 | 100,000 | 107,879 |
6.65%, 11/15/37 | 350,000 | 395,404 |
4.63%, 03/23/40 (a) | 250,000 | 234,436 |
3.50%, 05/13/40 (a) | 550,000 | 443,588 |
6.15%, 02/15/41 | 175,000 | 190,096 |
4.75%, 09/15/44 (a) | 190,000 | 175,400 |
4.95%, 10/15/45 (a) | 135,000 | 127,172 |
7.75%, 12/01/45 | 100,000 | 126,143 |
4.75%, 11/15/46 (a) | 125,000 | 114,717 |
2.75%, 09/01/49 (a) | 650,000 | 432,302 |
4.70%, 03/23/50 (a) | 550,000 | 508,412 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.60%, 01/13/51 (a) | 800,000 | 613,579 |
3.80%, 05/13/60 (a) | 450,000 | 346,967 |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 250,000 | 242,372 |
3.38%, 07/08/30 (a) | 250,000 | 192,608 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 200,000 | 193,935 |
140,275,981 | ||
Consumer Cyclical 1.7% | ||
Advance Auto Parts, Inc. | ||
1.75%, 10/01/27 (a) | 100,000 | 84,250 |
3.90%, 04/15/30 (a) | 150,000 | 132,137 |
3.50%, 03/15/32 (a) | 100,000 | 82,073 |
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 550,000 | 531,957 |
3.40%, 12/06/27 (a) | 750,000 | 691,897 |
2.13%, 02/09/31 (a) | 450,000 | 358,622 |
4.50%, 11/28/34 (a) | 200,000 | 179,586 |
4.00%, 12/06/37 (a) | 300,000 | 245,020 |
2.70%, 02/09/41 (a) | 250,000 | 161,115 |
4.20%, 12/06/47 (a) | 350,000 | 269,129 |
3.15%, 02/09/51 (a) | 400,000 | 251,639 |
4.40%, 12/06/57 (a) | 300,000 | 231,331 |
3.25%, 02/09/61 (a) | 300,000 | 180,877 |
Amazon.com, Inc. | ||
2.73%, 04/13/24 | 400,000 | 389,995 |
0.45%, 05/12/24 | 700,000 | 660,654 |
2.80%, 08/22/24 (a) | 500,000 | 484,670 |
4.70%, 11/29/24 | 250,000 | 249,950 |
3.80%, 12/05/24 (a) | 450,000 | 443,332 |
3.00%, 04/13/25 | 400,000 | 386,602 |
0.80%, 06/03/25 (a) | 250,000 | 228,667 |
4.60%, 12/01/25 | 350,000 | 349,780 |
5.20%, 12/03/25 (a) | 400,000 | 407,582 |
1.00%, 05/12/26 (a) | 825,000 | 732,027 |
3.30%, 04/13/27 (a) | 600,000 | 570,500 |
1.20%, 06/03/27 (a) | 100,000 | 86,793 |
3.15%, 08/22/27 (a) | 1,000,000 | 942,297 |
4.55%, 12/01/27 (a) | 500,000 | 499,024 |
1.65%, 05/12/28 (a) | 700,000 | 603,230 |
3.45%, 04/13/29 (a) | 400,000 | 375,016 |
4.65%, 12/01/29 (a) | 625,000 | 620,740 |
1.50%, 06/03/30 (a) | 700,000 | 563,236 |
2.10%, 05/12/31 (a) | 400,000 | 328,057 |
3.60%, 04/13/32 (a) | 700,000 | 642,949 |
4.70%, 12/01/32 (a) | 625,000 | 621,233 |
4.80%, 12/05/34 (a) | 300,000 | 300,461 |
3.88%, 08/22/37 (a) | 875,000 | 776,179 |
2.88%, 05/12/41 (a) | 650,000 | 485,668 |
4.95%, 12/05/44 (a) | 400,000 | 395,604 |
4.05%, 08/22/47 (a) | 1,050,000 | 907,189 |
2.50%, 06/03/50 (a) | 600,000 | 381,454 |
3.10%, 05/12/51 (a) | 900,000 | 645,042 |
3.95%, 04/13/52 (a) | 700,000 | 587,091 |
4.25%, 08/22/57 (a) | 500,000 | 433,474 |
2.70%, 06/03/60 (a) | 600,000 | 366,505 |
3.25%, 05/12/61 (a) | 550,000 | 382,862 |
4.10%, 04/13/62 (a) | 300,000 | 247,995 |
American Honda Finance Corp. | ||
3.55%, 01/12/24 | 450,000 | 443,888 |
2.90%, 02/16/24 | 300,000 | 292,999 |
2.40%, 06/27/24 | 500,000 | 482,030 |
0.55%, 07/12/24 | 300,000 | 280,611 |
2.15%, 09/10/24 | 200,000 | 190,954 |
1.20%, 07/08/25 | 400,000 | 366,066 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.00%, 09/10/25 | 200,000 | 180,889 |
2.30%, 09/09/26 | 250,000 | 228,788 |
3.50%, 02/15/28 | 200,000 | 187,147 |
2.25%, 01/12/29 | 350,000 | 301,347 |
1.80%, 01/13/31 | 250,000 | 198,980 |
Aptiv PLC | ||
2.40%, 02/18/25 (a) | 200,000 | 188,718 |
4.35%, 03/15/29 (a) | 100,000 | 94,407 |
3.25%, 03/01/32 (a) | 250,000 | 205,860 |
4.40%, 10/01/46 (a) | 75,000 | 56,929 |
5.40%, 03/15/49 (a) | 125,000 | 108,098 |
3.10%, 12/01/51 (a) | 350,000 | 207,866 |
4.15%, 05/01/52 (a) | 300,000 | 217,417 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 95,956 |
3.80%, 11/15/27 (a) | 350,000 | 319,383 |
4.75%, 06/01/30 (a) | 300,000 | 269,332 |
2.40%, 08/01/31 (a) | 150,000 | 108,200 |
AutoZone, Inc. | ||
3.13%, 04/18/24 (a) | 50,000 | 48,769 |
3.25%, 04/15/25 (a) | 200,000 | 192,308 |
3.63%, 04/15/25 (a) | 100,000 | 96,977 |
3.13%, 04/21/26 (a) | 50,000 | 47,237 |
3.75%, 06/01/27 (a) | 200,000 | 191,239 |
3.75%, 04/18/29 (a) | 200,000 | 185,575 |
4.00%, 04/15/30 (a) | 250,000 | 231,983 |
1.65%, 01/15/31 (a) | 150,000 | 116,450 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 200,000 | 193,127 |
1.95%, 10/01/30 (a) | 200,000 | 158,301 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 175,000 | 174,655 |
3.88%, 08/15/30 (a) | 250,000 | 219,442 |
Booking Holdings, Inc. | ||
3.60%, 06/01/26 (a) | 425,000 | 407,754 |
3.55%, 03/15/28 (a) | 150,000 | 140,098 |
4.63%, 04/13/30 (a) | 400,000 | 387,806 |
BorgWarner, Inc. | ||
2.65%, 07/01/27 (a) | 425,000 | 378,873 |
4.38%, 03/15/45 (a) | 170,000 | 131,700 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 150,000 | 148,639 |
2.50%, 04/01/31 (a) | 175,000 | 138,943 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 100,000 | 87,226 |
3.70%, 01/15/31 (a) | 150,000 | 128,063 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 300,000 | 292,221 |
3.00%, 05/18/27 (a) | 450,000 | 424,331 |
1.60%, 04/20/30 (a) | 400,000 | 328,160 |
1.75%, 04/20/32 (a) | 600,000 | 475,187 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 150,000 | 135,381 |
1.50%, 09/01/30 (a) | 250,000 | 196,971 |
4.88%, 10/01/43 (a) | 150,000 | 142,080 |
2.60%, 09/01/50 (a) | 200,000 | 125,287 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 450,000 | 556,608 |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 155,000 | 147,826 |
4.55%, 02/15/48 (a) | 100,000 | 77,436 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 225,000 | 176,607 |
4.10%, 01/15/52 (a) | 250,000 | 162,997 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dollar General Corp. | ||
4.25%, 09/20/24 | 200,000 | 197,498 |
4.15%, 11/01/25 (a) | 89,000 | 87,052 |
3.88%, 04/15/27 (a) | 150,000 | 143,272 |
4.63%, 11/01/27 (a) | 200,000 | 196,892 |
4.13%, 05/01/28 (a) | 150,000 | 143,204 |
3.50%, 04/03/30 (a) | 300,000 | 269,544 |
5.00%, 11/01/32 (a) | 200,000 | 197,248 |
4.13%, 04/03/50 (a) | 200,000 | 160,747 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 250,000 | 244,300 |
4.20%, 05/15/28 (a) | 325,000 | 312,025 |
2.65%, 12/01/31 (a) | 250,000 | 202,406 |
3.38%, 12/01/51 (a) | 150,000 | 101,330 |
DR Horton, Inc. | ||
2.50%, 10/15/24 (a) | 150,000 | 142,939 |
2.60%, 10/15/25 (a) | 210,000 | 195,610 |
1.40%, 10/15/27 (a) | 225,000 | 188,030 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 300,000 | 292,435 |
1.90%, 03/11/25 (a) | 150,000 | 140,558 |
1.40%, 05/10/26 (a) | 200,000 | 177,651 |
3.60%, 06/05/27 (a) | 350,000 | 331,641 |
2.70%, 03/11/30 (a) | 200,000 | 170,340 |
2.60%, 05/10/31 (a) | 250,000 | 205,967 |
6.30%, 11/22/32 (a) | 300,000 | 312,856 |
4.00%, 07/15/42 (a) | 150,000 | 119,031 |
3.65%, 05/10/51 (a) | 250,000 | 181,047 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 100,000 | 98,817 |
4.63%, 08/01/27 (a) | 225,000 | 216,429 |
3.80%, 02/15/28 (a) | 300,000 | 275,798 |
3.25%, 02/15/30 (a) | 425,000 | 361,476 |
2.95%, 03/15/31 (a) | 100,000 | 80,702 |
Ford Foundation | ||
2.42%, 06/01/50 (a) | 300,000 | 189,717 |
2.82%, 06/01/70 (a) | 100,000 | 59,589 |
General Motors Co. | ||
4.00%, 04/01/25 | 150,000 | 146,729 |
6.13%, 10/01/25 (a) | 700,000 | 714,325 |
4.20%, 10/01/27 (a) | 250,000 | 235,581 |
6.80%, 10/01/27 (a) | 350,000 | 363,887 |
5.00%, 10/01/28 (a) | 250,000 | 240,684 |
5.00%, 04/01/35 | 200,000 | 172,283 |
6.60%, 04/01/36 (a) | 500,000 | 490,674 |
5.15%, 04/01/38 (a) | 250,000 | 216,704 |
6.25%, 10/02/43 | 550,000 | 509,924 |
5.20%, 04/01/45 | 400,000 | 327,014 |
6.75%, 04/01/46 (a) | 250,000 | 242,311 |
5.40%, 04/01/48 (a) | 200,000 | 164,557 |
5.95%, 04/01/49 (a) | 100,000 | 87,467 |
General Motors Financial Co., Inc. | ||
5.10%, 01/17/24 (a) | 575,000 | 573,603 |
1.05%, 03/08/24 | 400,000 | 379,920 |
3.95%, 04/13/24 (a) | 250,000 | 245,285 |
1.20%, 10/15/24 | 200,000 | 185,360 |
3.50%, 11/07/24 (a) | 250,000 | 241,263 |
4.00%, 01/15/25 (a) | 250,000 | 242,874 |
2.90%, 02/26/25 (a) | 500,000 | 474,777 |
3.80%, 04/07/25 | 350,000 | 338,399 |
4.35%, 04/09/25 (a) | 61,000 | 59,431 |
2.75%, 06/20/25 (a) | 250,000 | 234,321 |
6.05%, 10/10/25 | 375,000 | 381,718 |
1.25%, 01/08/26 (a) | 425,000 | 375,075 |
5.25%, 03/01/26 (a) | 375,000 | 369,784 |
1.50%, 06/10/26 (a) | 200,000 | 173,816 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 10/06/26 (a) | 300,000 | 282,934 |
4.35%, 01/17/27 (a) | 500,000 | 476,352 |
2.35%, 02/26/27 (a) | 250,000 | 218,722 |
5.00%, 04/09/27 (a) | 400,000 | 388,258 |
2.70%, 08/20/27 (a) | 400,000 | 349,730 |
3.85%, 01/05/28 (a) | 200,000 | 183,357 |
2.40%, 04/10/28 (a) | 300,000 | 253,515 |
5.65%, 01/17/29 (a) | 150,000 | 147,561 |
3.60%, 06/21/30 (a) | 500,000 | 421,132 |
2.70%, 06/10/31 (a) | 450,000 | 346,576 |
3.10%, 01/12/32 (a) | 500,000 | 393,467 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 125,000 | 96,210 |
2.75%, 02/01/32 (a) | 250,000 | 201,387 |
GLP Capital LP/GLP Financing II, Inc. | ||
3.35%, 09/01/24 (a) | 150,000 | 143,728 |
5.25%, 06/01/25 (a) | 300,000 | 296,250 |
5.38%, 04/15/26 (a) | 350,000 | 345,416 |
5.75%, 06/01/28 (a) | 150,000 | 148,409 |
5.30%, 01/15/29 (a) | 200,000 | 189,544 |
4.00%, 01/15/30 (a) | 225,000 | 197,459 |
4.00%, 01/15/31 (a) | 250,000 | 213,439 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 95,273 |
4.63%, 07/28/45 (a) | 150,000 | 117,666 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 200,000 | 194,781 |
Home Depot, Inc. | ||
3.75%, 02/15/24 (a) | 500,000 | 495,248 |
3.35%, 09/15/25 (a) | 100,000 | 97,119 |
3.00%, 04/01/26 (a) | 550,000 | 523,830 |
2.13%, 09/15/26 (a) | 300,000 | 274,939 |
2.50%, 04/15/27 (a) | 200,000 | 184,199 |
2.80%, 09/14/27 (a) | 150,000 | 139,315 |
0.90%, 03/15/28 (a) | 150,000 | 124,640 |
1.50%, 09/15/28 (a) | 250,000 | 212,737 |
3.90%, 12/06/28 (a) | 450,000 | 434,064 |
2.95%, 06/15/29 (a) | 650,000 | 588,580 |
2.70%, 04/15/30 (a) | 550,000 | 480,784 |
1.38%, 03/15/31 (a) | 175,000 | 135,781 |
1.88%, 09/15/31 (a) | 250,000 | 200,127 |
3.25%, 04/15/32 (a) | 400,000 | 355,900 |
4.50%, 09/15/32 (a) | 200,000 | 196,210 |
5.88%, 12/16/36 | 800,000 | 857,109 |
3.30%, 04/15/40 (a) | 355,000 | 283,670 |
5.40%, 09/15/40 (a) | 191,000 | 196,599 |
5.95%, 04/01/41 (a) | 400,000 | 435,010 |
4.20%, 04/01/43 (a) | 250,000 | 219,296 |
4.88%, 02/15/44 (a) | 350,000 | 336,208 |
4.40%, 03/15/45 (a) | 150,000 | 134,178 |
4.25%, 04/01/46 (a) | 400,000 | 348,765 |
3.90%, 06/15/47 (a) | 100,000 | 82,790 |
4.50%, 12/06/48 (a) | 350,000 | 320,263 |
3.13%, 12/15/49 (a) | 450,000 | 321,581 |
3.35%, 04/15/50 (a) | 500,000 | 372,723 |
2.38%, 03/15/51 (a) | 450,000 | 272,689 |
2.75%, 09/15/51 (a) | 250,000 | 165,430 |
3.63%, 04/15/52 (a) | 400,000 | 312,932 |
4.95%, 09/15/52 (a) | 300,000 | 290,149 |
3.50%, 09/15/56 (a) | 297,000 | 223,025 |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 200,000 | 183,308 |
2.97%, 03/10/32 (a) | 225,000 | 193,439 |
Hyatt Hotels Corp. | ||
5.63%, 04/23/25 (a) | 200,000 | 198,662 |
4.85%, 03/15/26 (a) | 150,000 | 147,610 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 09/15/28 (a) | 200,000 | 184,273 |
6.00%, 04/23/30 (a) | 150,000 | 146,727 |
J Paul Getty Trust | ||
Series 2021 0.39%, 01/01/24 (a) | 100,000 | 95,771 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 190,313 |
3.38%, 01/14/30 (a) | 200,000 | 175,498 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 150,000 | 139,878 |
4.25%, 05/15/29 (a) | 225,000 | 203,406 |
2.60%, 01/15/32 (a) | 100,000 | 75,530 |
5.25%, 05/15/49 (a) | 250,000 | 206,610 |
Lennar Corp. | ||
4.50%, 04/30/24 (a) | 150,000 | 148,151 |
5.88%, 11/15/24 (a) | 150,000 | 150,756 |
4.75%, 05/30/25 (a) | 200,000 | 198,617 |
5.00%, 06/15/27 (a) | 100,000 | 97,410 |
4.75%, 11/29/27 (a) | 200,000 | 192,747 |
Lowe's Cos., Inc. | ||
3.13%, 09/15/24 (a) | 200,000 | 193,973 |
4.00%, 04/15/25 (a) | 200,000 | 196,186 |
3.38%, 09/15/25 (a) | 400,000 | 384,637 |
2.50%, 04/15/26 (a) | 450,000 | 420,186 |
3.10%, 05/03/27 (a) | 460,000 | 429,108 |
1.30%, 04/15/28 (a) | 250,000 | 207,902 |
6.50%, 03/15/29 | 301,000 | 324,692 |
3.65%, 04/05/29 (a) | 572,000 | 528,490 |
4.50%, 04/15/30 (a) | 400,000 | 384,033 |
1.70%, 10/15/30 (a) | 400,000 | 313,195 |
2.63%, 04/01/31 (a) | 500,000 | 414,796 |
3.75%, 04/01/32 (a) | 500,000 | 446,319 |
5.00%, 04/15/33 (a) | 300,000 | 293,854 |
5.00%, 04/15/40 (a) | 300,000 | 278,157 |
4.65%, 04/15/42 (a) | 150,000 | 131,331 |
4.38%, 09/15/45 (a) | 250,000 | 205,999 |
3.70%, 04/15/46 (a) | 250,000 | 185,962 |
4.05%, 05/03/47 (a) | 550,000 | 432,446 |
4.55%, 04/05/49 (a) | 300,000 | 251,394 |
5.13%, 04/15/50 (a) | 250,000 | 229,041 |
3.00%, 10/15/50 (a) | 300,000 | 193,111 |
4.25%, 04/01/52 (a) | 300,000 | 240,446 |
5.63%, 04/15/53 (a) | 300,000 | 289,183 |
4.45%, 04/01/62 (a) | 375,000 | 293,814 |
5.80%, 09/15/62 (a) | 300,000 | 289,357 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 250,000 | 244,708 |
4.15%, 10/01/25 (a) | 250,000 | 244,339 |
2.45%, 06/15/30 (a) | 150,000 | 124,149 |
Marriott International, Inc. | ||
3.60%, 04/15/24 (a) | 200,000 | 195,982 |
3.75%, 03/15/25 (a) | 150,000 | 145,174 |
5.75%, 05/01/25 (a) | 250,000 | 253,020 |
3.75%, 10/01/25 (a) | 50,000 | 48,171 |
3.13%, 06/15/26 (a) | 300,000 | 281,259 |
4.65%, 12/01/28 (a) | 150,000 | 144,282 |
4.63%, 06/15/30 (a) | 300,000 | 280,841 |
2.85%, 04/15/31 (a) | 200,000 | 162,431 |
3.50%, 10/15/32 (a) | 475,000 | 396,181 |
McDonald's Corp. | ||
3.25%, 06/10/24 | 150,000 | 146,827 |
3.38%, 05/26/25 (a) | 200,000 | 193,538 |
3.70%, 01/30/26 (a) | 500,000 | 486,690 |
3.50%, 03/01/27 (a) | 350,000 | 333,645 |
3.50%, 07/01/27 (a) | 300,000 | 284,924 |
3.80%, 04/01/28 (a) | 350,000 | 335,482 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.63%, 09/01/29 (a) | 400,000 | 351,431 |
2.13%, 03/01/30 (a) | 250,000 | 209,212 |
3.60%, 07/01/30 (a) | 350,000 | 321,519 |
4.60%, 09/09/32 (a) | 200,000 | 196,131 |
4.70%, 12/09/35 (a) | 300,000 | 288,593 |
6.30%, 10/15/37 | 180,000 | 196,121 |
6.30%, 03/01/38 | 250,000 | 272,799 |
5.70%, 02/01/39 | 183,000 | 188,907 |
3.70%, 02/15/42 | 300,000 | 239,809 |
3.63%, 05/01/43 | 200,000 | 156,758 |
4.88%, 12/09/45 (a) | 525,000 | 486,518 |
4.45%, 03/01/47 (a) | 325,000 | 282,262 |
4.45%, 09/01/48 (a) | 250,000 | 219,767 |
3.63%, 09/01/49 (a) | 450,000 | 342,874 |
4.20%, 04/01/50 (a) | 150,000 | 125,391 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 200,000 | 164,127 |
2.50%, 01/15/31 (a) | 100,000 | 72,257 |
6.00%, 01/15/43 (a) | 125,000 | 102,606 |
3.97%, 08/06/61 (a) | 100,000 | 56,474 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 300,000 | 286,838 |
2.38%, 11/01/26 (a) | 300,000 | 277,385 |
2.75%, 03/27/27 (a) | 250,000 | 234,078 |
2.85%, 03/27/30 (a) | 450,000 | 402,281 |
3.25%, 03/27/40 (a) | 300,000 | 243,873 |
3.63%, 05/01/43 (a) | 100,000 | 82,710 |
3.88%, 11/01/45 (a) | 300,000 | 258,899 |
3.38%, 11/01/46 (a) | 150,000 | 117,371 |
3.38%, 03/27/50 (a) | 375,000 | 294,508 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 250,000 | 210,461 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 200,000 | 192,844 |
3.60%, 09/01/27 (a) | 250,000 | 236,221 |
4.35%, 06/01/28 (a) | 209,000 | 203,329 |
3.90%, 06/01/29 (a) | 250,000 | 233,073 |
1.75%, 03/15/31 (a) | 250,000 | 194,074 |
PACCAR Financial Corp. | ||
0.35%, 02/02/24 | 300,000 | 285,686 |
0.50%, 08/09/24 | 250,000 | 233,087 |
2.15%, 08/15/24 | 50,000 | 47,738 |
0.90%, 11/08/24 | 150,000 | 140,081 |
1.80%, 02/06/25 | 300,000 | 282,453 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 250,000 | 251,203 |
5.00%, 01/15/27 (a) | 150,000 | 148,667 |
7.88%, 06/15/32 | 25,000 | 27,791 |
6.38%, 05/15/33 | 150,000 | 150,083 |
6.00%, 02/15/35 | 100,000 | 96,032 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(c) | 150,000 | 144,940 |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 100,000 | 97,244 |
2.95%, 06/15/30 (a) | 200,000 | 172,674 |
Rockefeller Foundation | ||
2.49%, 10/01/50 (a) | 250,000 | 159,456 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 200,000 | 198,794 |
0.88%, 04/15/26 (a) | 150,000 | 131,977 |
1.88%, 04/15/31 (a) | 150,000 | 118,103 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 350,000 | 342,606 |
2.00%, 03/12/27 (a) | 200,000 | 178,910 |
3.50%, 03/01/28 (a) | 350,000 | 329,267 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 11/15/28 (a) | 250,000 | 238,577 |
3.55%, 08/15/29 (a) | 300,000 | 277,043 |
2.25%, 03/12/30 (a) | 200,000 | 166,402 |
2.55%, 11/15/30 (a) | 275,000 | 231,605 |
3.00%, 02/14/32 (a) | 150,000 | 128,560 |
4.30%, 06/15/45 (a) | 50,000 | 42,289 |
3.75%, 12/01/47 (a) | 150,000 | 114,921 |
4.50%, 11/15/48 (a) | 350,000 | 303,109 |
4.45%, 08/15/49 (a) | 325,000 | 279,202 |
3.35%, 03/12/50 (a) | 200,000 | 141,684 |
3.50%, 11/15/50 (a) | 300,000 | 217,953 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 100,000 | 97,801 |
4.13%, 07/15/27 (a) | 150,000 | 140,986 |
3.05%, 03/15/32 (a) | 100,000 | 78,075 |
Target Corp. | ||
3.50%, 07/01/24 | 300,000 | 294,311 |
2.25%, 04/15/25 (a) | 500,000 | 474,609 |
2.50%, 04/15/26 | 400,000 | 375,083 |
3.38%, 04/15/29 (a) | 325,000 | 302,400 |
2.35%, 02/15/30 (a) | 250,000 | 212,867 |
2.65%, 09/15/30 (a) | 150,000 | 128,996 |
4.50%, 09/15/32 (a) | 300,000 | 292,176 |
6.50%, 10/15/37 | 200,000 | 223,032 |
4.00%, 07/01/42 | 450,000 | 395,287 |
3.63%, 04/15/46 | 125,000 | 99,746 |
3.90%, 11/15/47 (a) | 200,000 | 164,985 |
2.95%, 01/15/52 (a) | 250,000 | 173,401 |
The California Endowment | ||
2.50%, 04/01/51 (a) | 200,000 | 124,469 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 400,000 | 366,551 |
1.15%, 05/15/28 (a) | 100,000 | 83,636 |
3.88%, 04/15/30 (a) | 150,000 | 140,276 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 100,000 | 98,615 |
4.88%, 03/15/27 (a) | 150,000 | 142,711 |
3.80%, 11/01/29 (a) | 200,000 | 171,466 |
Toyota Motor Corp. | ||
0.68%, 03/25/24 (a) | 500,000 | 474,716 |
2.36%, 07/02/24 | 150,000 | 144,484 |
1.34%, 03/25/26 (a) | 300,000 | 269,323 |
3.67%, 07/20/28 | 250,000 | 237,646 |
2.76%, 07/02/29 | 150,000 | 133,346 |
Toyota Motor Credit Corp. | ||
3.35%, 01/08/24 | 200,000 | 196,871 |
0.45%, 01/11/24 | 300,000 | 286,814 |
2.50%, 03/22/24 | 350,000 | 339,809 |
2.90%, 04/17/24 | 250,000 | 243,513 |
4.40%, 09/20/24 | 300,000 | 297,566 |
1.45%, 01/13/25 | 150,000 | 140,569 |
1.80%, 02/13/25 | 400,000 | 376,257 |
3.00%, 04/01/25 | 550,000 | 528,819 |
3.95%, 06/30/25 | 400,000 | 392,567 |
0.80%, 10/16/25 | 400,000 | 358,837 |
0.80%, 01/09/26 | 300,000 | 268,098 |
1.13%, 06/18/26 | 250,000 | 221,413 |
3.20%, 01/11/27 | 650,000 | 612,026 |
3.05%, 03/22/27 | 550,000 | 513,723 |
1.15%, 08/13/27 | 400,000 | 341,338 |
5.45%, 11/10/27 | 125,000 | 128,112 |
3.05%, 01/11/28 | 250,000 | 231,732 |
3.65%, 01/08/29 | 400,000 | 376,594 |
2.15%, 02/13/30 | 250,000 | 210,849 |
3.38%, 04/01/30 | 600,000 | 546,369 |
1.65%, 01/10/31 | 300,000 | 236,654 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 250,000 | 192,481 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 225,000 | 211,442 |
2.80%, 04/23/27 (a) | 150,000 | 136,370 |
2.95%, 04/23/30 (a) | 250,000 | 208,353 |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 350,000 | 333,695 |
4.95%, 02/15/30 (a) | 300,000 | 283,229 |
5.13%, 05/15/32 (a) | 450,000 | 417,927 |
5.63%, 05/15/52 (a) | 200,000 | 176,896 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24 (a) | 400,000 | 390,635 |
3.45%, 06/01/26 (a) | 400,000 | 380,745 |
3.20%, 04/15/30 (a) | 250,000 | 216,703 |
4.50%, 11/18/34 (a) | 100,000 | 87,494 |
4.65%, 06/01/46 (a) | 150,000 | 120,217 |
4.10%, 04/15/50 (a) | 350,000 | 258,123 |
Walmart, Inc. | ||
3.30%, 04/22/24 (a) | 450,000 | 441,289 |
2.85%, 07/08/24 (a) | 300,000 | 291,754 |
2.65%, 12/15/24 (a) | 200,000 | 192,547 |
3.55%, 06/26/25 (a) | 300,000 | 293,987 |
3.90%, 09/09/25 | 500,000 | 492,857 |
3.05%, 07/08/26 (a) | 100,000 | 96,258 |
1.05%, 09/17/26 (a) | 100,000 | 88,613 |
5.88%, 04/05/27 | 50,000 | 53,139 |
3.70%, 06/26/28 (a) | 750,000 | 726,369 |
1.50%, 09/22/28 (a) | 200,000 | 171,719 |
3.25%, 07/08/29 (a) | 350,000 | 327,409 |
2.38%, 09/24/29 (a) | 150,000 | 131,816 |
1.80%, 09/22/31 (a) | 600,000 | 489,735 |
4.15%, 09/09/32 (a) | 400,000 | 391,270 |
5.25%, 09/01/35 | 600,000 | 631,749 |
6.50%, 08/15/37 | 100,000 | 117,407 |
6.20%, 04/15/38 | 150,000 | 170,904 |
3.95%, 06/28/38 (a) | 300,000 | 276,044 |
5.00%, 10/25/40 | 150,000 | 151,737 |
5.63%, 04/15/41 | 150,000 | 163,966 |
2.50%, 09/22/41 (a) | 350,000 | 255,529 |
4.00%, 04/11/43 (a) | 225,000 | 200,526 |
4.30%, 04/22/44 (a) | 200,000 | 185,117 |
3.63%, 12/15/47 (a) | 150,000 | 123,867 |
4.05%, 06/29/48 (a) | 650,000 | 582,482 |
2.95%, 09/24/49 (a) | 350,000 | 256,858 |
2.65%, 09/22/51 (a) | 250,000 | 171,613 |
112,856,580 | ||
Consumer Non-Cyclical 3.5% | ||
Abbott Laboratories | ||
3.88%, 09/15/25 (a) | 100,000 | 98,181 |
3.75%, 11/30/26 (a) | 808,000 | 788,296 |
1.15%, 01/30/28 (a) | 350,000 | 297,997 |
1.40%, 06/30/30 (a) | 100,000 | 79,690 |
4.75%, 11/30/36 (a) | 500,000 | 495,493 |
6.00%, 04/01/39 | 160,000 | 176,061 |
5.30%, 05/27/40 | 200,000 | 204,873 |
4.75%, 04/15/43 (a) | 200,000 | 191,882 |
4.90%, 11/30/46 (a) | 950,000 | 929,459 |
AbbVie, Inc. | ||
3.85%, 06/15/24 (a) | 300,000 | 295,385 |
2.60%, 11/21/24 (a) | 1,050,000 | 1,005,558 |
3.80%, 03/15/25 (a) | 500,000 | 487,735 |
3.60%, 05/14/25 (a) | 1,100,000 | 1,066,490 |
3.20%, 05/14/26 (a) | 550,000 | 520,792 |
2.95%, 11/21/26 (a) | 1,200,000 | 1,118,843 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.25%, 11/14/28 (a) | 590,000 | 571,025 |
3.20%, 11/21/29 (a) | 1,500,000 | 1,354,146 |
4.55%, 03/15/35 (a) | 550,000 | 515,293 |
4.50%, 05/14/35 (a) | 825,000 | 768,746 |
4.30%, 05/14/36 (a) | 350,000 | 316,586 |
4.05%, 11/21/39 (a) | 1,050,000 | 899,611 |
4.63%, 10/01/42 (a) | 150,000 | 134,647 |
4.40%, 11/06/42 | 750,000 | 651,339 |
4.85%, 06/15/44 (a) | 200,000 | 183,494 |
4.75%, 03/15/45 (a) | 218,000 | 196,121 |
4.70%, 05/14/45 (a) | 775,000 | 692,012 |
4.45%, 05/14/46 (a) | 250,000 | 216,916 |
4.88%, 11/14/48 (a) | 619,000 | 569,526 |
4.25%, 11/21/49 (a) | 1,550,000 | 1,302,065 |
AdventHealth Obligated Group | ||
2.80%, 11/15/51 (a) | 100,000 | 63,986 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 150,000 | 128,463 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 100,000 | 93,743 |
2.21%, 06/15/30 (a) | 150,000 | 123,784 |
4.27%, 08/15/48 (a) | 89,000 | 74,874 |
3.39%, 10/15/49 (a) | 200,000 | 144,241 |
3.01%, 06/15/50 (a) | 50,000 | 33,532 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 350,000 | 302,100 |
2.30%, 03/12/31 (a) | 250,000 | 202,510 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 150,000 | 156,745 |
AHS Hospital Corp. | ||
5.02%, 07/01/45 | 150,000 | 144,311 |
2.78%, 07/01/51 (a) | 125,000 | 78,026 |
Allina Health System | ||
3.89%, 04/15/49 | 150,000 | 120,335 |
2.90%, 11/15/51 (a) | 50,000 | 32,556 |
Altria Group, Inc. | ||
4.00%, 01/31/24 | 250,000 | 247,622 |
3.80%, 02/14/24 (a) | 100,000 | 98,353 |
2.35%, 05/06/25 (a) | 250,000 | 235,553 |
4.40%, 02/14/26 (a) | 250,000 | 245,264 |
2.63%, 09/16/26 (a) | 250,000 | 229,652 |
4.80%, 02/14/29 (a) | 560,000 | 538,006 |
3.40%, 05/06/30 (a) | 200,000 | 170,999 |
2.45%, 02/04/32 (a) | 500,000 | 377,786 |
5.80%, 02/14/39 (a) | 450,000 | 412,824 |
3.40%, 02/04/41 (a) | 300,000 | 199,336 |
4.25%, 08/09/42 | 350,000 | 259,631 |
4.50%, 05/02/43 | 150,000 | 113,405 |
5.38%, 01/31/44 | 600,000 | 531,666 |
3.88%, 09/16/46 (a) | 500,000 | 335,485 |
5.95%, 02/14/49 (a) | 650,000 | 581,837 |
4.45%, 05/06/50 (a) | 200,000 | 142,254 |
3.70%, 02/04/51 (a) | 400,000 | 253,317 |
4.00%, 02/04/61 (a) | 150,000 | 97,950 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 150,000 | 146,546 |
3.45%, 12/15/27 (a) | 300,000 | 280,865 |
2.80%, 05/15/30 (a) | 200,000 | 169,943 |
2.70%, 03/15/31 (a) | 350,000 | 290,929 |
4.30%, 12/15/47 (a) | 150,000 | 124,792 |
Amgen, Inc. | ||
3.63%, 05/22/24 (a) | 450,000 | 441,902 |
1.90%, 02/21/25 (a) | 150,000 | 140,839 |
3.13%, 05/01/25 (a) | 250,000 | 240,211 |
2.60%, 08/19/26 (a) | 400,000 | 370,079 |
2.20%, 02/21/27 (a) | 450,000 | 404,897 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.20%, 11/02/27 (a) | 300,000 | 278,482 |
1.65%, 08/15/28 (a) | 400,000 | 334,513 |
3.00%, 02/22/29 (a) | 250,000 | 221,982 |
2.45%, 02/21/30 (a) | 400,000 | 337,812 |
2.30%, 02/25/31 (a) | 425,000 | 346,686 |
2.00%, 01/15/32 (a) | 400,000 | 312,052 |
3.35%, 02/22/32 (a) | 350,000 | 306,016 |
4.20%, 03/01/33 (a) | 225,000 | 208,959 |
6.38%, 06/01/37 | 50,000 | 53,247 |
6.40%, 02/01/39 | 50,000 | 53,274 |
3.15%, 02/21/40 (a) | 500,000 | 369,243 |
2.80%, 08/15/41 (a) | 400,000 | 278,320 |
4.95%, 10/01/41 | 225,000 | 206,847 |
5.15%, 11/15/41 (a) | 276,000 | 257,778 |
5.65%, 06/15/42 (a) | 100,000 | 99,400 |
4.40%, 05/01/45 (a) | 700,000 | 584,781 |
4.56%, 06/15/48 (a) | 400,000 | 344,724 |
3.38%, 02/21/50 (a) | 700,000 | 489,823 |
4.66%, 06/15/51 (a) | 900,000 | 778,818 |
3.00%, 01/15/52 (a) | 200,000 | 128,699 |
4.20%, 02/22/52 (a) | 250,000 | 200,832 |
4.88%, 03/01/53 (a) | 300,000 | 267,530 |
2.77%, 09/01/53 (a) | 322,000 | 195,271 |
4.40%, 02/22/62 (a) | 350,000 | 280,839 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 900,000 | 867,268 |
4.70%, 02/01/36 (a) | 1,425,000 | 1,349,965 |
4.90%, 02/01/46 (a) | 2,550,000 | 2,335,887 |
Anheuser-Busch InBev Finance, Inc. | ||
4.70%, 02/01/36 (a) | 187,000 | 176,937 |
4.63%, 02/01/44 | 300,000 | 270,021 |
4.90%, 02/01/46 (a) | 450,000 | 415,421 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 750,000 | 716,825 |
4.75%, 01/23/29 (a) | 1,100,000 | 1,088,138 |
3.50%, 06/01/30 (a) | 500,000 | 455,426 |
4.90%, 01/23/31 (a) | 250,000 | 250,409 |
4.38%, 04/15/38 (a) | 125,000 | 112,441 |
8.20%, 01/15/39 | 350,000 | 436,045 |
5.45%, 01/23/39 (a) | 600,000 | 598,707 |
4.35%, 06/01/40 (a) | 350,000 | 309,875 |
4.95%, 01/15/42 | 490,000 | 459,883 |
4.60%, 04/15/48 (a) | 750,000 | 660,311 |
4.44%, 10/06/48 (a) | 350,000 | 299,975 |
5.55%, 01/23/49 (a) | 1,175,000 | 1,172,160 |
4.50%, 06/01/50 (a) | 675,000 | 597,097 |
4.75%, 04/15/58 (a) | 450,000 | 398,968 |
5.80%, 01/23/59 (a) | 600,000 | 621,223 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 500,000 | 464,609 |
3.25%, 03/27/30 (a) | 450,000 | 405,707 |
5.38%, 09/15/35 | 200,000 | 205,387 |
3.75%, 09/15/47 (a) | 175,000 | 143,008 |
4.50%, 03/15/49 (a) | 250,000 | 229,821 |
2.70%, 09/15/51 (a) | 200,000 | 133,563 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 120,000 | 103,155 |
3.11%, 11/15/39 (a) | 200,000 | 153,513 |
3.95%, 11/15/46 | 325,000 | 270,814 |
4.85%, 11/15/53 | 150,000 | 142,892 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 500,000 | 471,846 |
1.20%, 05/28/26 (a) | 350,000 | 312,130 |
1.75%, 05/28/28 (a) | 350,000 | 301,019 |
2.25%, 05/28/31 (a) | 100,000 | 83,419 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 650,000 | 628,724 |
0.70%, 04/08/26 (a) | 225,000 | 198,133 |
3.13%, 06/12/27 (a) | 50,000 | 47,082 |
4.00%, 01/17/29 (a) | 200,000 | 192,505 |
1.38%, 08/06/30 (a) | 600,000 | 475,179 |
6.45%, 09/15/37 | 700,000 | 791,185 |
4.00%, 09/18/42 | 350,000 | 303,364 |
4.38%, 11/16/45 | 250,000 | 225,413 |
4.38%, 08/17/48 (a) | 250,000 | 224,510 |
2.13%, 08/06/50 (a) | 200,000 | 118,176 |
3.00%, 05/28/51 (a) | 250,000 | 176,743 |
Banner Health | ||
2.34%, 01/01/30 (a) | 200,000 | 167,372 |
1.90%, 01/01/31 (a) | 100,000 | 79,200 |
3.18%, 01/01/50 (a) | 100,000 | 69,987 |
2.91%, 01/01/51 (a) | 100,000 | 65,774 |
Baptist Health South Florida Obligated Group | ||
3.12%, 11/15/71 (a) | 50,000 | 29,465 |
Baptist Healthcare System Obligated Group | ||
Series 20B 3.54%, 08/15/50 (a) | 150,000 | 107,743 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 750,000 | 723,734 |
2.79%, 09/06/24 (a) | 300,000 | 287,621 |
3.22%, 09/06/26 (a) | 350,000 | 324,009 |
4.70%, 04/02/27 (a) | 250,000 | 240,429 |
3.56%, 08/15/27 (a) | 1,000,000 | 912,346 |
2.26%, 03/25/28 (a) | 200,000 | 166,573 |
3.46%, 09/06/29 (a) | 200,000 | 171,726 |
4.91%, 04/02/30 (a) | 400,000 | 367,016 |
2.73%, 03/25/31 (a) | 250,000 | 195,196 |
7.75%, 10/19/32 (a) | 250,000 | 269,605 |
4.39%, 08/15/37 (a) | 700,000 | 544,827 |
3.73%, 09/25/40 (a) | 250,000 | 170,207 |
4.54%, 08/15/47 (a) | 600,000 | 426,871 |
4.76%, 09/06/49 (a) | 325,000 | 236,972 |
5.28%, 04/02/50 (a) | 275,000 | 217,433 |
3.98%, 09/25/50 (a) | 300,000 | 197,887 |
5.65%, 03/16/52 (a) | 200,000 | 166,807 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 350,000 | 310,369 |
4.45%, 03/16/28 (a) | 300,000 | 278,271 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 200,000 | 194,943 |
5.25%, 06/23/45 (a) | 173,000 | 164,434 |
Baxter International, Inc. | ||
1.32%, 11/29/24 | 450,000 | 419,399 |
2.60%, 08/15/26 (a) | 200,000 | 185,028 |
1.92%, 02/01/27 (a) | 500,000 | 444,445 |
3.95%, 04/01/30 (a) | 250,000 | 228,165 |
1.73%, 04/01/31 (a) | 300,000 | 229,778 |
2.54%, 02/01/32 (a) | 450,000 | 359,106 |
3.50%, 08/15/46 (a) | 150,000 | 107,634 |
3.13%, 12/01/51 (a) | 150,000 | 97,954 |
BayCare Health System, Inc. | ||
Series 2020 3.83%, 11/15/50 (a) | 150,000 | 119,695 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 50,000 | 39,316 |
4.19%, 11/15/45 (a) | 150,000 | 127,489 |
3.97%, 11/15/46 (a) | 50,000 | 40,532 |
2.84%, 11/15/50 (a) | 325,000 | 215,904 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Becton Dickinson & Co. | ||
3.73%, 12/15/24 (a) | 487,000 | 475,028 |
3.70%, 06/06/27 (a) | 481,000 | 455,575 |
2.82%, 05/20/30 (a) | 250,000 | 214,797 |
1.96%, 02/11/31 (a) | 300,000 | 237,437 |
4.69%, 12/15/44 (a) | 300,000 | 268,106 |
4.67%, 06/06/47 (a) | 450,000 | 397,705 |
3.79%, 05/20/50 (a) | 150,000 | 115,677 |
Beth Israel Lahey Health, Inc. | ||
3.08%, 07/01/51 (a) | 150,000 | 93,048 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 500,000 | 486,115 |
2.25%, 05/01/30 (a) | 500,000 | 407,493 |
3.15%, 05/01/50 (a) | 575,000 | 379,998 |
3.25%, 02/15/51 (a) | 335,000 | 225,442 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 92,403 |
3.70%, 03/15/32 (a) | 250,000 | 214,624 |
Bon Secours Mercy Health, Inc. | ||
3.46%, 06/01/30 (a) | 100,000 | 89,299 |
2.10%, 06/01/31 (a) | 100,000 | 78,154 |
3.21%, 06/01/50 (a) | 100,000 | 65,221 |
Boston Scientific Corp. | ||
3.45%, 03/01/24 (a) | 110,000 | 107,982 |
1.90%, 06/01/25 (a) | 150,000 | 140,267 |
2.65%, 06/01/30 (a) | 350,000 | 300,793 |
6.75%, 11/15/35 (f) | 100,000 | 109,720 |
4.55%, 03/01/39 (a) | 100,000 | 89,892 |
7.38%, 01/15/40 | 100,000 | 116,584 |
4.70%, 03/01/49 (a) | 200,000 | 180,622 |
Bristol-Myers Squibb Co. | ||
2.90%, 07/26/24 (a) | 800,000 | 777,704 |
3.88%, 08/15/25 (a) | 114,000 | 110,741 |
0.75%, 11/13/25 (a) | 250,000 | 225,144 |
3.20%, 06/15/26 (a) | 547,000 | 522,523 |
3.25%, 02/27/27 | 250,000 | 238,553 |
1.13%, 11/13/27 (a) | 300,000 | 256,775 |
3.90%, 02/20/28 (a) | 350,000 | 338,316 |
3.40%, 07/26/29 (a) | 700,000 | 650,894 |
1.45%, 11/13/30 (a) | 100,000 | 79,046 |
2.95%, 03/15/32 (a) | 600,000 | 523,819 |
4.13%, 06/15/39 (a) | 650,000 | 580,283 |
2.35%, 11/13/40 (a) | 300,000 | 206,440 |
3.25%, 08/01/42 | 300,000 | 229,685 |
5.00%, 08/15/45 (a) | 300,000 | 291,927 |
4.35%, 11/15/47 (a) | 425,000 | 376,313 |
4.55%, 02/20/48 (a) | 406,000 | 369,542 |
4.25%, 10/26/49 (a) | 1,000,000 | 864,868 |
2.55%, 11/13/50 (a) | 200,000 | 126,611 |
3.70%, 03/15/52 (a) | 650,000 | 507,341 |
3.90%, 03/15/62 (a) | 325,000 | 254,184 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 150,000 | 131,946 |
4.50%, 07/15/45 (a) | 150,000 | 137,284 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 225,000 | 208,169 |
2.40%, 08/18/31 (a) | 200,000 | 147,394 |
5.10%, 04/01/52 (a) | 150,000 | 108,943 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 200,000 | 182,517 |
3.75%, 09/25/27 (a) | 400,000 | 374,713 |
2.75%, 05/14/31 (a) | 250,000 | 205,741 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 250,000 | 244,418 |
4.15%, 03/15/28 (a) | 200,000 | 191,500 |
2.38%, 04/24/30 (a) | 250,000 | 208,013 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.80%, 03/15/48 (a) | 225,000 | 200,063 |
3.13%, 04/24/50 (a) | 25,000 | 16,999 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 272,000 | 264,323 |
3.75%, 09/15/25 (a) | 250,000 | 242,407 |
3.41%, 06/15/27 (a) | 400,000 | 375,195 |
4.60%, 03/15/43 | 150,000 | 124,258 |
4.90%, 09/15/45 (a) | 150,000 | 127,887 |
4.37%, 06/15/47 (a) | 100,000 | 78,810 |
Catholic Health Services of Long Island Obligated Group | ||
3.37%, 07/01/50 (a) | 125,000 | 84,639 |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 100,000 | 80,587 |
Children's Health System of Texas | ||
2.51%, 08/15/50 (a) | 175,000 | 105,428 |
Children's Hospital | ||
2.93%, 07/15/50 (a) | 100,000 | 62,769 |
Children's Hospital Corp. | ||
4.12%, 01/01/47 (a) | 100,000 | 84,782 |
2.59%, 02/01/50 (a) | 120,000 | 73,140 |
Children's Hospital Medical Center | ||
4.27%, 05/15/44 | 100,000 | 88,107 |
Children's Hospital of Philadelphia | ||
2.70%, 07/01/50 (a) | 150,000 | 96,357 |
CHRISTUS Health | ||
4.34%, 07/01/28 (a) | 150,000 | 143,350 |
Church & Dwight Co., Inc. | ||
3.15%, 08/01/27 (a) | 350,000 | 327,350 |
5.60%, 11/15/32 (a) | 100,000 | 103,851 |
5.00%, 06/15/52 (a) | 150,000 | 140,971 |
Cigna Corp. | ||
0.61%, 03/15/24 (a) | 75,000 | 71,136 |
3.25%, 04/15/25 (a) | 300,000 | 289,278 |
4.13%, 11/15/25 (a) | 750,000 | 734,129 |
4.50%, 02/25/26 (a) | 385,000 | 379,571 |
1.25%, 03/15/26 (a) | 150,000 | 133,796 |
3.40%, 03/01/27 (a) | 435,000 | 408,760 |
3.05%, 10/15/27 (a) | 191,000 | 175,183 |
4.38%, 10/15/28 (a) | 1,000,000 | 966,014 |
2.40%, 03/15/30 (a) | 500,000 | 419,526 |
2.38%, 03/15/31 (a) | 450,000 | 368,817 |
4.80%, 08/15/38 (a) | 500,000 | 466,599 |
3.20%, 03/15/40 (a) | 100,000 | 75,853 |
6.13%, 11/15/41 | 145,000 | 151,077 |
4.80%, 07/15/46 (a) | 405,000 | 364,136 |
3.88%, 10/15/47 (a) | 289,000 | 223,753 |
4.90%, 12/15/48 (a) | 850,000 | 771,839 |
3.40%, 03/15/50 (a) | 375,000 | 266,802 |
3.40%, 03/15/51 (a) | 425,000 | 303,633 |
City of Hope | ||
5.62%, 11/15/43 | 195,000 | 195,706 |
Cleveland Clinic Foundation | ||
4.86%, 01/01/14 | 125,000 | 108,208 |
Clorox Co. | ||
3.10%, 10/01/27 (a) | 100,000 | 92,496 |
3.90%, 05/15/28 (a) | 450,000 | 430,739 |
4.40%, 05/01/29 (a) | 150,000 | 144,935 |
1.80%, 05/15/30 (a) | 100,000 | 79,719 |
Coca-Cola Co. | ||
1.75%, 09/06/24 | 350,000 | 333,964 |
3.38%, 03/25/27 | 350,000 | 336,171 |
1.45%, 06/01/27 | 500,000 | 442,111 |
1.00%, 03/15/28 | 500,000 | 419,370 |
2.13%, 09/06/29 | 300,000 | 257,042 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.45%, 03/25/30 | 400,000 | 372,141 |
1.65%, 06/01/30 | 250,000 | 204,618 |
2.00%, 03/05/31 | 200,000 | 165,312 |
1.38%, 03/15/31 | 400,000 | 313,385 |
2.25%, 01/05/32 | 500,000 | 419,225 |
2.50%, 06/01/40 | 500,000 | 364,599 |
4.20%, 03/25/50 | 250,000 | 231,234 |
2.60%, 06/01/50 | 400,000 | 269,149 |
3.00%, 03/05/51 | 350,000 | 256,384 |
2.50%, 03/15/51 | 500,000 | 328,732 |
2.75%, 06/01/60 | 275,000 | 186,384 |
Coca-Cola Consolidated, Inc. | ||
3.80%, 11/25/25 (a) | 150,000 | 145,998 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 350,000 | 305,096 |
1.85%, 09/01/32 (a) | 250,000 | 190,143 |
5.25%, 11/26/43 | 200,000 | 192,974 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 200,000 | 197,266 |
3.70%, 08/01/47 (a) | 377,000 | 322,570 |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 300,000 | 287,847 |
6.07%, 11/01/27 (a) | 300,000 | 307,338 |
3.35%, 10/01/29 (a) | 350,000 | 304,253 |
4.35%, 11/01/42 | 200,000 | 168,102 |
3.82%, 10/01/49 (a) | 150,000 | 112,756 |
4.19%, 10/01/49 (a) | 275,000 | 214,775 |
3.91%, 10/01/50 (a) | 225,000 | 166,913 |
Community Health Network, Inc. | ||
3.10%, 05/01/50 (a) | 150,000 | 95,477 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 260,000 | 256,467 |
4.60%, 11/01/25 (a) | 250,000 | 246,336 |
1.38%, 11/01/27 (a) | 350,000 | 291,534 |
7.00%, 10/01/28 | 50,000 | 53,439 |
4.85%, 11/01/28 (a) | 400,000 | 389,929 |
8.25%, 09/15/30 | 50,000 | 56,978 |
5.30%, 11/01/38 (a) | 350,000 | 331,701 |
5.40%, 11/01/48 (a) | 300,000 | 279,639 |
Constellation Brands, Inc. | ||
4.75%, 11/15/24 | 150,000 | 149,213 |
4.40%, 11/15/25 (a) | 250,000 | 246,135 |
4.75%, 12/01/25 | 200,000 | 199,816 |
3.70%, 12/06/26 (a) | 200,000 | 190,708 |
3.60%, 02/15/28 (a) | 100,000 | 92,634 |
4.65%, 11/15/28 (a) | 250,000 | 242,068 |
3.15%, 08/01/29 (a) | 300,000 | 263,351 |
2.88%, 05/01/30 (a) | 550,000 | 468,572 |
4.75%, 05/09/32 (a) | 200,000 | 192,224 |
4.50%, 05/09/47 (a) | 175,000 | 147,869 |
4.10%, 02/15/48 (a) | 150,000 | 120,294 |
5.25%, 11/15/48 (a) | 200,000 | 188,907 |
Cottage Health Obligated Group | ||
3.30%, 11/01/49 (a) | 200,000 | 142,464 |
CVS Health Corp. | ||
3.38%, 08/12/24 (a) | 250,000 | 244,104 |
2.63%, 08/15/24 (a) | 300,000 | 288,209 |
4.10%, 03/25/25 (a) | 300,000 | 295,934 |
3.88%, 07/20/25 (a) | 750,000 | 732,720 |
2.88%, 06/01/26 (a) | 400,000 | 373,848 |
3.00%, 08/15/26 (a) | 250,000 | 233,681 |
3.63%, 04/01/27 (a) | 250,000 | 237,531 |
6.25%, 06/01/27 | 200,000 | 210,128 |
1.30%, 08/21/27 (a) | 350,000 | 297,055 |
4.30%, 03/25/28 (a) | 1,372,000 | 1,327,954 |
3.25%, 08/15/29 (a) | 500,000 | 448,193 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.75%, 04/01/30 (a) | 400,000 | 363,591 |
1.75%, 08/21/30 (a) | 100,000 | 78,740 |
1.88%, 02/28/31 (a) | 400,000 | 313,930 |
2.13%, 09/15/31 (a) | 300,000 | 238,229 |
4.88%, 07/20/35 (a) | 250,000 | 237,499 |
4.78%, 03/25/38 (a) | 1,400,000 | 1,283,045 |
6.13%, 09/15/39 | 150,000 | 154,970 |
4.13%, 04/01/40 (a) | 150,000 | 125,119 |
2.70%, 08/21/40 (a) | 400,000 | 274,704 |
5.30%, 12/05/43 (a) | 250,000 | 234,812 |
5.13%, 07/20/45 (a) | 900,000 | 821,322 |
5.05%, 03/25/48 (a) | 2,200,000 | 1,985,662 |
4.25%, 04/01/50 (a) | 250,000 | 200,996 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 150,000 | 144,580 |
4.38%, 09/15/45 (a) | 75,000 | 67,018 |
2.60%, 10/01/50 (a) | 250,000 | 160,145 |
2.80%, 12/10/51 (a) | 250,000 | 166,353 |
Dartmouth-Hitchcock Health | ||
4.18%, 08/01/48 (a) | 100,000 | 77,890 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 200,000 | 165,958 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 200,000 | 190,562 |
2.60%, 11/15/29 (a) | 250,000 | 219,190 |
3.25%, 11/15/39 (a) | 200,000 | 160,641 |
3.40%, 11/15/49 (a) | 300,000 | 227,074 |
Diageo Capital PLC | ||
2.13%, 10/24/24 (a) | 200,000 | 189,976 |
1.38%, 09/29/25 (a) | 200,000 | 183,556 |
5.30%, 10/24/27 (a) | 300,000 | 307,198 |
3.88%, 05/18/28 (a) | 250,000 | 238,691 |
2.38%, 10/24/29 (a) | 200,000 | 171,222 |
2.00%, 04/29/30 (a) | 350,000 | 288,833 |
2.13%, 04/29/32 (a) | 250,000 | 199,379 |
5.50%, 01/24/33 (a) | 225,000 | 235,581 |
5.88%, 09/30/36 | 200,000 | 211,302 |
3.88%, 04/29/43 (a) | 50,000 | 41,351 |
Diageo Investment Corp. | ||
7.45%, 04/15/35 | 100,000 | 119,138 |
4.25%, 05/11/42 | 100,000 | 88,398 |
Dignity Health | ||
4.50%, 11/01/42 | 100,000 | 83,720 |
5.27%, 11/01/64 | 100,000 | 86,950 |
Duke University Health System, Inc. | ||
3.92%, 06/01/47 (a) | 200,000 | 162,197 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 250,000 | 239,728 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 50,000 | 47,855 |
3.10%, 05/15/27 (a) | 250,000 | 235,453 |
3.38%, 03/15/29 (a) | 350,000 | 328,444 |
3.70%, 03/01/45 (a) | 50,000 | 42,075 |
3.95%, 05/15/47 (a) | 100,000 | 87,970 |
3.95%, 03/15/49 (a) | 350,000 | 312,360 |
2.25%, 05/15/50 (a) | 450,000 | 284,535 |
4.15%, 03/15/59 (a) | 175,000 | 152,461 |
2.50%, 09/15/60 (a) | 300,000 | 184,612 |
Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 100,000 | 94,923 |
3.15%, 03/15/27 (a) | 250,000 | 237,134 |
2.38%, 12/01/29 (a) | 200,000 | 172,162 |
2.60%, 04/15/30 (a) | 250,000 | 215,639 |
4.38%, 06/15/45 (a) | 150,000 | 133,676 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.15%, 03/15/47 (a) | 150,000 | 129,149 |
3.13%, 12/01/49 (a) | 300,000 | 217,332 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 200,000 | 161,217 |
Fomento Economico Mexicano S.A.B. de C.V. | ||
4.38%, 05/10/43 | 200,000 | 164,996 |
3.50%, 01/16/50 (a) | 600,000 | 420,399 |
Franciscan Missionaries of Our Lady Health System, Inc. | ||
3.91%, 07/01/49 (a) | 50,000 | 38,058 |
GE HealthCare Technologies, Inc. | ||
5.55%, 11/15/24 (c) | 250,000 | 250,877 |
5.60%, 11/15/25 (a)(c) | 400,000 | 402,602 |
5.65%, 11/15/27 (a)(c) | 450,000 | 456,986 |
5.86%, 03/15/30 (a)(c) | 350,000 | 359,290 |
5.91%, 11/22/32 (a)(c) | 500,000 | 519,859 |
6.38%, 11/22/52 (a)(c) | 300,000 | 322,071 |
General Mills, Inc. | ||
3.65%, 02/15/24 (a) | 200,000 | 197,195 |
4.00%, 04/17/25 (a) | 200,000 | 195,577 |
3.20%, 02/10/27 (a) | 300,000 | 284,379 |
4.20%, 04/17/28 (a) | 325,000 | 314,581 |
2.88%, 04/15/30 (a) | 350,000 | 303,550 |
4.70%, 04/17/48 (a) | 50,000 | 44,892 |
3.00%, 02/01/51 (a) | 401,000 | 274,745 |
Gilead Sciences, Inc. | ||
3.70%, 04/01/24 (a) | 400,000 | 393,613 |
3.50%, 02/01/25 (a) | 600,000 | 581,404 |
3.65%, 03/01/26 (a) | 700,000 | 676,087 |
2.95%, 03/01/27 (a) | 350,000 | 326,209 |
1.20%, 10/01/27 (a) | 400,000 | 340,066 |
4.60%, 09/01/35 (a) | 375,000 | 356,428 |
4.00%, 09/01/36 (a) | 300,000 | 264,807 |
5.65%, 12/01/41 (a) | 200,000 | 204,765 |
4.80%, 04/01/44 (a) | 550,000 | 507,641 |
4.50%, 02/01/45 (a) | 400,000 | 351,952 |
4.75%, 03/01/46 (a) | 650,000 | 588,215 |
4.15%, 03/01/47 (a) | 575,000 | 477,090 |
2.80%, 10/01/50 (a) | 500,000 | 323,780 |
GlaxoSmithKline Capital PLC | ||
3.00%, 06/01/24 (a) | 300,000 | 292,142 |
3.38%, 06/01/29 (a) | 150,000 | 138,670 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 250,000 | 244,376 |
3.88%, 05/15/28 | 500,000 | 480,973 |
5.38%, 04/15/34 | 180,000 | 186,662 |
6.38%, 05/15/38 | 775,000 | 874,010 |
4.20%, 03/18/43 | 175,000 | 152,352 |
GSK Consumer Healthcare Capital US LLC | ||
3.02%, 03/24/24 (a) | 250,000 | 242,603 |
3.13%, 03/24/25 | 500,000 | 476,761 |
3.38%, 03/24/27 (a) | 500,000 | 466,339 |
3.38%, 03/24/29 (a) | 300,000 | 270,412 |
3.63%, 03/24/32 (a) | 600,000 | 529,280 |
4.00%, 03/24/52 (a) | 300,000 | 235,374 |
Hackensack Meridian Health, Inc. | ||
2.68%, 09/01/41 (a) | 200,000 | 138,595 |
4.21%, 07/01/48 (a) | 100,000 | 83,892 |
4.50%, 07/01/57 (a) | 150,000 | 129,562 |
Hartford HealthCare Corp. | ||
3.45%, 07/01/54 | 150,000 | 105,922 |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 150,000 | 144,111 |
3.55%, 11/19/26 (a) | 200,000 | 187,821 |
3.50%, 09/15/27 (a) | 200,000 | 186,127 |
3.90%, 11/19/29 (a) | 200,000 | 178,133 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.35%, 03/15/40 | 150,000 | 147,075 |
5.10%, 05/15/44 (a) | 100,000 | 85,297 |
HCA, Inc. | ||
5.00%, 03/15/24 | 500,000 | 497,410 |
5.38%, 02/01/25 | 750,000 | 750,035 |
5.25%, 04/15/25 | 350,000 | 348,023 |
5.88%, 02/15/26 (a) | 500,000 | 503,483 |
5.25%, 06/15/26 (a) | 250,000 | 247,455 |
5.38%, 09/01/26 (a) | 250,000 | 247,759 |
4.50%, 02/15/27 (a) | 450,000 | 433,880 |
3.13%, 03/15/27 (a)(c) | 350,000 | 318,949 |
5.63%, 09/01/28 (a) | 500,000 | 498,300 |
5.88%, 02/01/29 (a) | 250,000 | 250,578 |
3.38%, 03/15/29 (a)(c) | 250,000 | 219,786 |
4.13%, 06/15/29 (a) | 650,000 | 594,972 |
3.50%, 09/01/30 (a) | 750,000 | 646,513 |
3.63%, 03/15/32 (a)(c) | 500,000 | 423,569 |
5.13%, 06/15/39 (a) | 225,000 | 201,198 |
4.38%, 03/15/42 (a)(c) | 150,000 | 120,090 |
5.50%, 06/15/47 (a) | 400,000 | 356,328 |
5.25%, 06/15/49 (a) | 600,000 | 514,599 |
3.50%, 07/15/51 (a) | 450,000 | 290,712 |
4.63%, 03/15/52 (a)(c) | 500,000 | 391,483 |
Hershey Co. | ||
0.90%, 06/01/25 (a) | 200,000 | 183,058 |
2.30%, 08/15/26 (a) | 310,000 | 285,252 |
2.45%, 11/15/29 (a) | 100,000 | 86,243 |
3.13%, 11/15/49 (a) | 150,000 | 107,921 |
2.65%, 06/01/50 (a) | 150,000 | 98,517 |
Hoag Memorial Hospital Presbyterian | ||
3.80%, 07/15/52 (a) | 150,000 | 118,246 |
Hormel Foods Corp. | ||
0.65%, 06/03/24 (a) | 300,000 | 282,954 |
1.70%, 06/03/28 (a) | 150,000 | 129,949 |
1.80%, 06/11/30 (a) | 250,000 | 204,326 |
3.05%, 06/03/51 (a) | 250,000 | 173,768 |
Hospital Special Surgery | ||
Series 2020 2.67%, 10/01/50 (a) | 150,000 | 92,410 |
IHC Health Services, Inc. | ||
4.13%, 05/15/48 (a) | 150,000 | 124,344 |
Illumina, Inc. | ||
2.55%, 03/23/31 (a) | 175,000 | 140,591 |
Indiana University Health, Inc. Obligated Group | ||
3.97%, 11/01/48 (a) | 190,000 | 157,162 |
2.85%, 11/01/51 (a) | 50,000 | 31,877 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 150,000 | 140,748 |
2.90%, 06/01/30 (a) | 250,000 | 212,270 |
3.90%, 06/01/50 (a) | 100,000 | 72,960 |
Inova Health System Foundation | ||
4.07%, 05/15/52 (a) | 150,000 | 124,840 |
Integris Baptist Medical Center, Inc. | ||
3.88%, 08/15/50 (a) | 150,000 | 108,915 |
Iowa Health System | ||
Series 2020 3.67%, 02/15/50 (a) | 100,000 | 73,058 |
JBS USA LUX S.A. | ||
2.50%, 01/15/27 (a)(c) | 250,000 | 219,137 |
5.13%, 02/01/28 (a)(c) | 250,000 | 237,616 |
5.50%, 01/15/30 (a)(c) | 600,000 | 571,354 |
3.63%, 01/15/32 (a)(c) | 250,000 | 204,402 |
3.00%, 05/15/32 (a)(c) | 250,000 | 192,273 |
5.75%, 04/01/33 (a)(c) | 500,000 | 478,357 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 02/02/52 (a)(c) | 200,000 | 142,115 |
6.50%, 12/01/52 (a)(c) | 375,000 | 357,556 |
JM Smucker Co. | ||
3.50%, 03/15/25 | 350,000 | 338,957 |
2.38%, 03/15/30 (a) | 250,000 | 207,419 |
2.13%, 03/15/32 (a) | 200,000 | 155,661 |
4.25%, 03/15/35 | 250,000 | 223,464 |
4.38%, 03/15/45 | 200,000 | 164,912 |
3.55%, 03/15/50 (a) | 100,000 | 69,141 |
Johnson & Johnson | ||
2.63%, 01/15/25 (a) | 220,000 | 212,061 |
0.55%, 09/01/25 (a) | 350,000 | 316,326 |
2.45%, 03/01/26 (a) | 600,000 | 564,430 |
2.95%, 03/03/27 (a) | 300,000 | 283,782 |
0.95%, 09/01/27 (a) | 450,000 | 388,552 |
2.90%, 01/15/28 (a) | 350,000 | 326,468 |
6.95%, 09/01/29 | 100,000 | 118,408 |
1.30%, 09/01/30 (a) | 400,000 | 323,201 |
4.95%, 05/15/33 | 100,000 | 104,153 |
4.38%, 12/05/33 (a) | 250,000 | 246,726 |
3.55%, 03/01/36 (a) | 317,000 | 280,754 |
3.63%, 03/03/37 (a) | 550,000 | 489,455 |
3.40%, 01/15/38 (a) | 350,000 | 299,116 |
5.85%, 07/15/38 | 182,000 | 202,586 |
2.10%, 09/01/40 (a) | 400,000 | 275,071 |
4.50%, 09/01/40 | 50,000 | 47,876 |
4.85%, 05/15/41 | 150,000 | 148,254 |
4.50%, 12/05/43 (a) | 200,000 | 191,531 |
3.70%, 03/01/46 (a) | 575,000 | 484,627 |
3.75%, 03/03/47 (a) | 200,000 | 169,108 |
3.50%, 01/15/48 (a) | 50,000 | 40,988 |
2.25%, 09/01/50 (a) | 375,000 | 235,332 |
2.45%, 09/01/60 (a) | 350,000 | 215,442 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 250,000 | 233,884 |
2.81%, 06/01/41 (a) | 400,000 | 290,700 |
4.88%, 04/01/42 | 50,000 | 48,227 |
4.15%, 05/01/47 (a) | 275,000 | 234,465 |
3.27%, 11/01/49 (a) | 450,000 | 325,952 |
3.00%, 06/01/51 (a) | 450,000 | 307,902 |
Kellogg Co. | ||
4.30%, 05/15/28 (a) | 350,000 | 340,818 |
2.10%, 06/01/30 (a) | 250,000 | 203,036 |
7.45%, 04/01/31 | 50,000 | 57,047 |
4.50%, 04/01/46 | 231,000 | 198,586 |
Keurig Dr Pepper, Inc. | ||
4.42%, 05/25/25 (a) | 350,000 | 346,499 |
3.40%, 11/15/25 (a) | 200,000 | 192,345 |
2.55%, 09/15/26 (a) | 250,000 | 229,528 |
3.43%, 06/15/27 (a) | 200,000 | 186,986 |
4.60%, 05/25/28 (a) | 500,000 | 490,599 |
3.20%, 05/01/30 (a) | 300,000 | 261,704 |
2.25%, 03/15/31 (a) | 250,000 | 201,577 |
4.50%, 11/15/45 (a) | 250,000 | 213,063 |
4.42%, 12/15/46 (a) | 200,000 | 165,662 |
3.80%, 05/01/50 (a) | 250,000 | 188,470 |
4.50%, 04/15/52 (a) | 400,000 | 335,525 |
Kimberly-Clark Corp. | ||
2.75%, 02/15/26 | 150,000 | 141,849 |
1.05%, 09/15/27 (a) | 200,000 | 171,053 |
3.95%, 11/01/28 (a) | 200,000 | 193,136 |
3.20%, 04/25/29 (a) | 300,000 | 273,874 |
3.10%, 03/26/30 (a) | 200,000 | 179,985 |
6.63%, 08/01/37 | 300,000 | 346,401 |
5.30%, 03/01/41 | 300,000 | 302,718 |
3.20%, 07/30/46 (a) | 100,000 | 72,337 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Koninklijke Ahold Delhaize N.V. | ||
5.70%, 10/01/40 | 173,000 | 173,147 |
Koninklijke Philips N.V. | ||
6.88%, 03/11/38 | 217,000 | 230,852 |
5.00%, 03/15/42 | 150,000 | 132,476 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 500,000 | 468,739 |
3.88%, 05/15/27 (a) | 400,000 | 382,562 |
4.63%, 01/30/29 (a) | 200,000 | 198,260 |
3.75%, 04/01/30 (a) | 250,000 | 228,493 |
6.75%, 03/15/32 | 100,000 | 108,972 |
5.00%, 07/15/35 (a) | 150,000 | 144,058 |
6.88%, 01/26/39 | 175,000 | 190,269 |
4.63%, 10/01/39 (a) | 125,000 | 109,967 |
6.50%, 02/09/40 | 200,000 | 212,049 |
5.00%, 06/04/42 | 450,000 | 407,627 |
5.20%, 07/15/45 (a) | 500,000 | 460,807 |
4.38%, 06/01/46 (a) | 800,000 | 653,940 |
4.88%, 10/01/49 (a) | 300,000 | 262,443 |
5.50%, 06/01/50 (a) | 250,000 | 240,162 |
Kroger Co. | ||
4.00%, 02/01/24 (a) | 300,000 | 296,733 |
2.65%, 10/15/26 (a) | 200,000 | 183,897 |
4.50%, 01/15/29 (a) | 200,000 | 193,261 |
2.20%, 05/01/30 (a) | 250,000 | 202,766 |
1.70%, 01/15/31 (a) | 200,000 | 154,506 |
7.50%, 04/01/31 | 100,000 | 113,073 |
6.90%, 04/15/38 | 140,000 | 153,903 |
5.40%, 07/15/40 (a) | 50,000 | 47,837 |
5.00%, 04/15/42 (a) | 100,000 | 91,295 |
5.15%, 08/01/43 (a) | 67,000 | 62,093 |
3.88%, 10/15/46 (a) | 100,000 | 77,122 |
4.45%, 02/01/47 (a) | 300,000 | 253,503 |
4.65%, 01/15/48 (a) | 50,000 | 43,292 |
5.40%, 01/15/49 (a) | 200,000 | 191,538 |
3.95%, 01/15/50 (a) | 270,000 | 210,893 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 200,000 | 193,977 |
2.30%, 12/01/24 (a) | 250,000 | 236,686 |
3.60%, 02/01/25 (a) | 150,000 | 145,284 |
3.60%, 09/01/27 (a) | 200,000 | 189,906 |
2.95%, 12/01/29 (a) | 100,000 | 86,156 |
2.70%, 06/01/31 (a) | 250,000 | 207,867 |
4.70%, 02/01/45 (a) | 250,000 | 215,763 |
Mass General Brigham, Inc. | ||
3.77%, 07/01/48 (a) | 100,000 | 78,274 |
3.19%, 07/01/49 (a) | 125,000 | 87,535 |
4.12%, 07/01/55 | 100,000 | 79,948 |
3.34%, 07/01/60 (a) | 175,000 | 120,421 |
Mayo Clinic | ||
3.77%, 11/15/43 | 100,000 | 82,314 |
4.13%, 11/15/52 | 150,000 | 126,763 |
3.20%, 11/15/61 (a) | 150,000 | 99,998 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 150,000 | 145,264 |
0.90%, 02/15/26 (a) | 150,000 | 131,993 |
3.40%, 08/15/27 (a) | 250,000 | 233,470 |
2.50%, 04/15/30 (a) | 200,000 | 167,199 |
4.20%, 08/15/47 (a) | 150,000 | 123,253 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 100,000 | 98,473 |
0.90%, 12/03/25 (a) | 250,000 | 222,510 |
3.95%, 02/16/28 (a) | 200,000 | 189,497 |
McLaren Health Care Corp. | ||
Series A 4.39%, 05/15/48 (a) | 150,000 | 126,312 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 200,000 | 196,125 |
5.90%, 11/01/39 | 125,000 | 130,404 |
4.60%, 06/01/44 (a) | 175,000 | 158,069 |
MedStar Health, Inc. | ||
3.63%, 08/15/49 | 125,000 | 90,785 |
Medtronic, Inc. | ||
4.38%, 03/15/35 | 550,000 | 522,323 |
4.63%, 03/15/45 | 550,000 | 513,139 |
Memorial Health Services | ||
3.45%, 11/01/49 (a) | 100,000 | 72,291 |
Memorial Sloan-Kettering Cancer Center | ||
5.00%, 07/01/42 | 30,000 | 29,375 |
2.96%, 01/01/50 (a) | 100,000 | 67,035 |
4.13%, 07/01/52 | 150,000 | 124,772 |
4.20%, 07/01/55 | 225,000 | 186,689 |
Merck & Co., Inc. | ||
2.90%, 03/07/24 (a) | 250,000 | 244,382 |
2.75%, 02/10/25 (a) | 700,000 | 671,301 |
0.75%, 02/24/26 (a) | 300,000 | 266,093 |
1.70%, 06/10/27 (a) | 450,000 | 400,015 |
1.90%, 12/10/28 (a) | 300,000 | 258,448 |
3.40%, 03/07/29 (a) | 500,000 | 466,229 |
1.45%, 06/24/30 (a) | 250,000 | 199,886 |
2.15%, 12/10/31 (a) | 600,000 | 490,547 |
6.50%, 12/01/33 (f) | 250,000 | 283,190 |
3.90%, 03/07/39 (a) | 250,000 | 219,969 |
2.35%, 06/24/40 (a) | 300,000 | 209,746 |
3.60%, 09/15/42 (a) | 175,000 | 143,907 |
4.15%, 05/18/43 | 400,000 | 355,734 |
3.70%, 02/10/45 (a) | 500,000 | 411,714 |
4.00%, 03/07/49 (a) | 450,000 | 385,439 |
2.45%, 06/24/50 (a) | 400,000 | 256,212 |
2.75%, 12/10/51 (a) | 575,000 | 387,663 |
2.90%, 12/10/61 (a) | 450,000 | 290,251 |
Merck Sharp & Dohme Corp. | ||
5.95%, 12/01/28 | 50,000 | 53,445 |
Methodist Hospital | ||
2.71%, 12/01/50 (a) | 175,000 | 109,905 |
MidMichigan Health | ||
3.41%, 06/01/50 (a) | 100,000 | 68,508 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 590,000 | 548,624 |
5.00%, 05/01/42 | 350,000 | 311,009 |
4.20%, 07/15/46 (a) | 550,000 | 429,411 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 250,000 | 231,875 |
2.63%, 03/17/27 (a) | 250,000 | 227,235 |
2.75%, 04/13/30 (a) | 325,000 | 280,496 |
1.50%, 02/04/31 (a) | 200,000 | 154,150 |
3.00%, 03/17/32 (a) | 250,000 | 213,527 |
1.88%, 10/15/32 (a) | 250,000 | 190,276 |
2.63%, 09/04/50 (a) | 250,000 | 158,179 |
Montefiore Obligated Group | ||
5.25%, 11/01/48 | 125,000 | 94,690 |
4.29%, 09/01/50 | 100,000 | 60,300 |
Mount Nittany Medical Center Obligated Group | ||
3.80%, 11/15/52 | 75,000 | 56,880 |
Mount Sinai Hospitals Group, Inc. | ||
3.98%, 07/01/48 | 100,000 | 81,316 |
3.74%, 07/01/49 (a) | 150,000 | 112,174 |
3.39%, 07/01/50 (a) | 125,000 | 84,648 |
MultiCare Health System | ||
2.80%, 08/15/50 (a) | 125,000 | 74,292 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 200,000 | 185,407 |
5.40%, 11/29/43 (a) | 150,000 | 119,594 |
5.20%, 04/15/48 (a) | 225,000 | 169,252 |
New York and Presbyterian Hospital | ||
2.26%, 08/01/40 (a) | 150,000 | 99,264 |
4.02%, 08/01/45 | 100,000 | 83,534 |
4.06%, 08/01/56 | 100,000 | 80,946 |
2.61%, 08/01/60 (a) | 100,000 | 56,940 |
3.95%, 08/01/19 (a) | 175,000 | 122,408 |
Northwell Healthcare, Inc. | ||
3.98%, 11/01/46 (a) | 150,000 | 115,295 |
4.26%, 11/01/47 (a) | 250,000 | 200,500 |
3.81%, 11/01/49 (a) | 150,000 | 107,685 |
Northwestern Memorial Healthcare Obligated Group | ||
2.63%, 07/15/51 (a) | 125,000 | 79,690 |
Novant Health, Inc. | ||
2.64%, 11/01/36 (a) | 200,000 | 148,255 |
3.17%, 11/01/51 (a) | 175,000 | 121,430 |
3.32%, 11/01/61 (a) | 125,000 | 84,084 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 350,000 | 343,135 |
1.75%, 02/14/25 (a) | 350,000 | 330,473 |
3.00%, 11/20/25 (a) | 450,000 | 431,999 |
2.00%, 02/14/27 (a) | 490,000 | 446,674 |
3.10%, 05/17/27 (a) | 250,000 | 237,329 |
2.20%, 08/14/30 (a) | 550,000 | 467,983 |
3.70%, 09/21/42 | 150,000 | 126,648 |
4.40%, 05/06/44 | 525,000 | 488,191 |
4.00%, 11/20/45 (a) | 375,000 | 331,358 |
2.75%, 08/14/50 (a) | 350,000 | 243,727 |
NYU Langone Hospitals | ||
5.75%, 07/01/43 | 125,000 | 126,935 |
4.78%, 07/01/44 | 100,000 | 89,826 |
4.37%, 07/01/47 (a) | 155,000 | 128,906 |
3.38%, 07/01/55 (a) | 150,000 | 100,965 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 150,000 | 120,569 |
2.83%, 11/15/41 (a) | 50,000 | 35,606 |
3.04%, 11/15/50 (a) | 150,000 | 104,965 |
Orlando Health Obligated Group | ||
4.09%, 10/01/48 (a) | 100,000 | 79,327 |
3.33%, 10/01/50 (a) | 100,000 | 69,642 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 150,000 | 134,769 |
4.79%, 11/15/48 (a) | 75,000 | 62,321 |
3.22%, 11/15/50 (a) | 150,000 | 98,120 |
PepsiCo, Inc. | ||
3.60%, 03/01/24 (a) | 250,000 | 247,061 |
2.25%, 03/19/25 (a) | 550,000 | 523,534 |
2.75%, 04/30/25 (a) | 300,000 | 287,420 |
3.50%, 07/17/25 (a) | 200,000 | 195,487 |
2.38%, 10/06/26 (a) | 300,000 | 279,749 |
2.63%, 03/19/27 (a) | 250,000 | 232,439 |
3.00%, 10/15/27 (a) | 500,000 | 470,041 |
3.60%, 02/18/28 (a) | 300,000 | 288,339 |
2.63%, 07/29/29 (a) | 400,000 | 353,777 |
2.75%, 03/19/30 (a) | 500,000 | 442,942 |
1.63%, 05/01/30 (a) | 225,000 | 183,752 |
1.40%, 02/25/31 (a) | 200,000 | 157,763 |
1.95%, 10/21/31 (a) | 400,000 | 323,219 |
3.50%, 03/19/40 (a) | 200,000 | 166,637 |
4.00%, 03/05/42 | 250,000 | 220,706 |
3.60%, 08/13/42 | 295,000 | 247,573 |
4.45%, 04/14/46 (a) | 450,000 | 429,595 |
3.45%, 10/06/46 (a) | 400,000 | 322,042 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 05/02/47 (a) | 150,000 | 131,337 |
3.38%, 07/29/49 (a) | 250,000 | 199,181 |
2.88%, 10/15/49 (a) | 250,000 | 179,881 |
3.63%, 03/19/50 (a) | 300,000 | 247,800 |
3.88%, 03/19/60 (a) | 250,000 | 216,487 |
PerkinElmer, Inc. | ||
1.90%, 09/15/28 (a) | 250,000 | 207,571 |
3.30%, 09/15/29 (a) | 250,000 | 218,173 |
2.25%, 09/15/31 (a) | 150,000 | 117,688 |
3.63%, 03/15/51 (a) | 150,000 | 104,444 |
Pfizer, Inc. | ||
2.95%, 03/15/24 (a) | 268,000 | 262,051 |
3.40%, 05/15/24 | 250,000 | 245,439 |
0.80%, 05/28/25 (a) | 350,000 | 320,456 |
2.75%, 06/03/26 | 400,000 | 377,537 |
3.00%, 12/15/26 | 550,000 | 521,782 |
3.60%, 09/15/28 (a) | 300,000 | 287,820 |
3.45%, 03/15/29 (a) | 500,000 | 471,628 |
2.63%, 04/01/30 (a) | 300,000 | 263,647 |
1.70%, 05/28/30 (a) | 250,000 | 205,956 |
1.75%, 08/18/31 (a) | 300,000 | 241,659 |
4.00%, 12/15/36 | 250,000 | 228,829 |
4.10%, 09/15/38 (a) | 200,000 | 181,673 |
3.90%, 03/15/39 (a) | 300,000 | 264,996 |
7.20%, 03/15/39 | 650,000 | 789,478 |
2.55%, 05/28/40 (a) | 300,000 | 218,057 |
5.60%, 09/15/40 | 200,000 | 210,055 |
4.30%, 06/15/43 | 150,000 | 137,944 |
4.40%, 05/15/44 | 350,000 | 325,846 |
4.13%, 12/15/46 | 200,000 | 177,320 |
4.20%, 09/15/48 (a) | 300,000 | 268,659 |
4.00%, 03/15/49 (a) | 250,000 | 217,129 |
2.70%, 05/28/50 (a) | 250,000 | 170,697 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 200,000 | 220,509 |
Philip Morris International, Inc. | ||
2.88%, 05/01/24 (a) | 200,000 | 194,291 |
3.25%, 11/10/24 | 200,000 | 193,473 |
5.13%, 11/15/24 | 300,000 | 300,508 |
1.50%, 05/01/25 (a) | 200,000 | 185,156 |
3.38%, 08/11/25 (a) | 150,000 | 144,176 |
5.00%, 11/17/25 | 200,000 | 201,101 |
2.75%, 02/25/26 (a) | 330,000 | 310,015 |
0.88%, 05/01/26 (a) | 250,000 | 220,005 |
3.13%, 08/17/27 (a) | 50,000 | 46,424 |
5.13%, 11/17/27 (a) | 500,000 | 505,127 |
3.13%, 03/02/28 (a) | 250,000 | 227,769 |
3.38%, 08/15/29 (a) | 250,000 | 225,737 |
5.63%, 11/17/29 (a) | 100,000 | 101,920 |
2.10%, 05/01/30 (a) | 250,000 | 202,877 |
1.75%, 11/01/30 (a) | 250,000 | 196,071 |
5.75%, 11/17/32 (a) | 400,000 | 409,824 |
6.38%, 05/16/38 | 400,000 | 425,569 |
4.38%, 11/15/41 | 200,000 | 165,406 |
4.50%, 03/20/42 | 225,000 | 190,144 |
3.88%, 08/21/42 | 200,000 | 152,587 |
4.13%, 03/04/43 | 250,000 | 197,618 |
4.88%, 11/15/43 | 175,000 | 154,380 |
4.25%, 11/10/44 | 350,000 | 283,089 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 150,000 | 115,783 |
Presbyterian Healthcare Services | ||
4.88%, 08/01/52 (a) | 100,000 | 93,762 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 400,000 | 359,242 |
2.70%, 02/02/26 | 200,000 | 190,146 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.00%, 04/23/26 | 250,000 | 224,291 |
2.45%, 11/03/26 | 350,000 | 324,648 |
2.80%, 03/25/27 | 200,000 | 187,861 |
2.85%, 08/11/27 | 200,000 | 187,480 |
3.00%, 03/25/30 | 500,000 | 456,559 |
1.20%, 10/29/30 | 250,000 | 196,644 |
1.95%, 04/23/31 | 400,000 | 335,037 |
5.80%, 08/15/34 | 125,000 | 136,528 |
3.55%, 03/25/40 | 350,000 | 301,506 |
3.50%, 10/25/47 | 200,000 | 163,205 |
3.60%, 03/25/50 | 150,000 | 125,125 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 300,000 | 253,276 |
3.74%, 10/01/47 | 112,000 | 86,975 |
3.93%, 10/01/48 (a) | 100,000 | 78,785 |
2.70%, 10/01/51 (a) | 150,000 | 88,836 |
Queen's Health Systems | ||
4.81%, 07/01/52 (a) | 100,000 | 93,013 |
Quest Diagnostics, Inc. | ||
3.50%, 03/30/25 (a) | 300,000 | 289,575 |
3.45%, 06/01/26 (a) | 100,000 | 95,697 |
4.20%, 06/30/29 (a) | 100,000 | 95,720 |
2.95%, 06/30/30 (a) | 300,000 | 260,042 |
2.80%, 06/30/31 (a) | 150,000 | 125,923 |
4.70%, 03/30/45 (a) | 100,000 | 84,563 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 400,000 | 310,306 |
2.80%, 09/15/50 (a) | 250,000 | 156,454 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 750,000 | 734,563 |
5.70%, 08/15/35 (a) | 300,000 | 272,181 |
7.25%, 06/15/37 | 125,000 | 128,929 |
6.15%, 09/15/43 | 175,000 | 157,336 |
5.85%, 08/15/45 (a) | 475,000 | 407,329 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 300,000 | 268,852 |
1.75%, 09/02/27 (a) | 300,000 | 255,014 |
2.20%, 09/02/30 (a) | 300,000 | 235,047 |
2.15%, 09/02/31 (a) | 200,000 | 151,395 |
3.30%, 09/02/40 (a) | 300,000 | 210,034 |
3.55%, 09/02/50 (a) | 150,000 | 96,913 |
3.35%, 09/02/51 (a) | 250,000 | 154,954 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 150,000 | 136,052 |
RWJ Barnabas Health, Inc. | ||
3.95%, 07/01/46 (a) | 175,000 | 142,179 |
3.48%, 07/01/49 (a) | 50,000 | 36,745 |
Sanofi | ||
3.63%, 06/19/28 (a) | 275,000 | 262,981 |
Seattle Children's Hospital | ||
2.72%, 10/01/50 (a) | 75,000 | 47,593 |
Sharp HealthCare | ||
2.68%, 08/01/50 (a) | 100,000 | 62,006 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 900,000 | 846,765 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 250,000 | 196,782 |
Spectrum Health System Obligated Group | ||
3.49%, 07/15/49 (a) | 150,000 | 109,482 |
Stanford Health Care | ||
3.80%, 11/15/48 (a) | 250,000 | 199,184 |
3.03%, 08/15/51 (a) | 100,000 | 67,290 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
STERIS Irish FinCo Unlimited Co. | ||
2.70%, 03/15/31 (a) | 200,000 | 162,819 |
3.75%, 03/15/51 (a) | 150,000 | 107,623 |
Stryker Corp. | ||
3.38%, 05/15/24 (a) | 150,000 | 146,501 |
1.15%, 06/15/25 (a) | 200,000 | 183,056 |
3.38%, 11/01/25 (a) | 200,000 | 193,529 |
3.50%, 03/15/26 (a) | 340,000 | 326,584 |
3.65%, 03/07/28 (a) | 150,000 | 142,708 |
1.95%, 06/15/30 (a) | 300,000 | 244,505 |
4.10%, 04/01/43 (a) | 100,000 | 82,194 |
4.38%, 05/15/44 (a) | 100,000 | 85,178 |
4.63%, 03/15/46 (a) | 300,000 | 266,774 |
2.90%, 06/15/50 (a) | 200,000 | 135,306 |
Summa Health | ||
3.51%, 11/15/51 (a) | 100,000 | 66,760 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 250,000 | 227,452 |
2.29%, 08/15/30 (a) | 200,000 | 161,910 |
3.16%, 08/15/40 (a) | 100,000 | 74,884 |
4.09%, 08/15/48 (a) | 100,000 | 81,248 |
3.36%, 08/15/50 (a) | 200,000 | 140,199 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 300,000 | 290,657 |
3.30%, 07/15/26 (a) | 250,000 | 236,514 |
3.25%, 07/15/27 (a) | 200,000 | 185,321 |
2.40%, 02/15/30 (a) | 200,000 | 166,721 |
5.95%, 04/01/30 (a) | 200,000 | 207,741 |
2.45%, 12/14/31 (a) | 150,000 | 120,642 |
5.38%, 09/21/35 | 200,000 | 196,248 |
6.60%, 04/01/40 (a) | 100,000 | 107,190 |
4.85%, 10/01/45 (a) | 175,000 | 153,692 |
4.50%, 04/01/46 (a) | 150,000 | 126,077 |
4.45%, 03/15/48 (a) | 175,000 | 143,947 |
3.30%, 02/15/50 (a) | 150,000 | 103,447 |
6.60%, 04/01/50 (a) | 331,000 | 361,790 |
Takeda Pharmaceutical Co., Ltd. | ||
5.00%, 11/26/28 (a) | 500,000 | 496,742 |
2.05%, 03/31/30 (a) | 550,000 | 449,803 |
3.03%, 07/09/40 (a) | 450,000 | 330,469 |
3.18%, 07/09/50 (a) | 400,000 | 273,973 |
3.38%, 07/09/60 (a) | 300,000 | 202,420 |
Texas Health Resources | ||
2.33%, 11/15/50 (a) | 125,000 | 72,291 |
4.33%, 11/15/55 | 100,000 | 85,641 |
Thermo Fisher Scientific, Inc. | ||
1.22%, 10/18/24 (a) | 750,000 | 704,107 |
1.75%, 10/15/28 (a) | 200,000 | 169,822 |
2.60%, 10/01/29 (a) | 260,000 | 229,501 |
2.00%, 10/15/31 (a) | 350,000 | 283,594 |
4.95%, 11/21/32 (a) | 200,000 | 203,775 |
2.80%, 10/15/41 (a) | 350,000 | 258,396 |
5.30%, 02/01/44 (a) | 98,000 | 98,729 |
4.10%, 08/15/47 (a) | 235,000 | 205,481 |
Toledo Hospital | ||
5.75%, 11/15/38 (a) | 175,000 | 165,081 |
Trinity Health Corp. | ||
4.13%, 12/01/45 | 225,000 | 189,458 |
3.43%, 12/01/48 | 100,000 | 76,206 |
Tyson Foods, Inc. | ||
3.95%, 08/15/24 (a) | 250,000 | 246,314 |
4.00%, 03/01/26 (a) | 200,000 | 193,959 |
3.55%, 06/02/27 (a) | 350,000 | 328,391 |
4.35%, 03/01/29 (a) | 360,000 | 344,546 |
4.88%, 08/15/34 (a) | 250,000 | 240,156 |
5.15%, 08/15/44 (a) | 225,000 | 209,370 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.55%, 06/02/47 (a) | 350,000 | 300,912 |
5.10%, 09/28/48 (a) | 210,000 | 195,387 |
Unilever Capital Corp. | ||
3.25%, 03/07/24 (a) | 200,000 | 196,473 |
2.60%, 05/05/24 (a) | 300,000 | 291,251 |
0.63%, 08/12/24 (a) | 100,000 | 93,661 |
3.10%, 07/30/25 | 200,000 | 192,567 |
2.00%, 07/28/26 | 350,000 | 319,884 |
2.90%, 05/05/27 (a) | 200,000 | 187,252 |
3.50%, 03/22/28 (a) | 350,000 | 330,427 |
2.13%, 09/06/29 (a) | 200,000 | 169,528 |
1.38%, 09/14/30 (a) | 150,000 | 117,343 |
1.75%, 08/12/31 (a) | 200,000 | 158,081 |
5.90%, 11/15/32 | 200,000 | 216,609 |
2.63%, 08/12/51 (a) | 200,000 | 130,323 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 200,000 | 171,681 |
2.65%, 10/15/30 (a) | 250,000 | 199,547 |
2.65%, 01/15/32 (a) | 150,000 | 114,929 |
UPMC | ||
3.60%, 04/03/25 | 100,000 | 96,658 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 600,000 | 561,186 |
5.25%, 06/15/46 (a) | 250,000 | 189,702 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 250,000 | 226,597 |
2.30%, 06/22/27 (a) | 250,000 | 214,084 |
2.70%, 06/22/30 (a) | 400,000 | 314,029 |
3.85%, 06/22/40 (a) | 450,000 | 301,750 |
4.00%, 06/22/50 (a) | 550,000 | 341,893 |
West Virginia United Health System Obligated Group | ||
3.13%, 06/01/50 (a) | 100,000 | 64,643 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 100,000 | 98,625 |
3.70%, 05/01/25 | 100,000 | 97,316 |
4.75%, 02/26/29 (a) | 250,000 | 243,678 |
4.50%, 06/01/46 (a) | 200,000 | 157,571 |
4.60%, 05/15/50 (a) | 150,000 | 121,405 |
Willis-Knighton Medical Center | ||
4.81%, 09/01/48 (a) | 100,000 | 89,289 |
3.07%, 03/01/51 (a) | 125,000 | 79,455 |
Wyeth LLC | ||
6.50%, 02/01/34 | 200,000 | 227,014 |
6.00%, 02/15/36 | 250,000 | 267,958 |
5.95%, 04/01/37 | 550,000 | 594,635 |
Yale-New Haven Health Services Corp. | ||
2.50%, 07/01/50 (a) | 150,000 | 89,102 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 350,000 | 338,036 |
3.05%, 01/15/26 (a) | 250,000 | 236,118 |
2.60%, 11/24/31 (a) | 250,000 | 202,588 |
4.45%, 08/15/45 (a) | 149,000 | 118,429 |
Zoetis, Inc. | ||
3.00%, 09/12/27 (a) | 300,000 | 277,919 |
3.90%, 08/20/28 (a) | 320,000 | 304,821 |
2.00%, 05/15/30 (a) | 200,000 | 162,832 |
4.70%, 02/01/43 (a) | 350,000 | 316,993 |
4.45%, 08/20/48 (a) | 150,000 | 130,356 |
3.00%, 05/15/50 (a) | 200,000 | 135,732 |
240,831,865 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Energy 1.6% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 450,000 | 416,547 |
3.14%, 11/07/29 (a) | 250,000 | 220,859 |
4.49%, 05/01/30 (a) | 150,000 | 143,475 |
4.08%, 12/15/47 (a) | 500,000 | 393,282 |
Baker Hughes Holdings LLC | ||
2.06%, 12/15/26 (a) | 100,000 | 89,780 |
5.13%, 09/15/40 | 150,000 | 139,600 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 180,000 | 178,162 |
5.95%, 06/01/26 (a) | 150,000 | 152,410 |
4.45%, 07/15/27 (a) | 250,000 | 238,094 |
3.40%, 02/15/31 (a) | 350,000 | 294,022 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 300,000 | 294,775 |
3.41%, 02/11/26 (a) | 250,000 | 240,427 |
3.12%, 05/04/26 (a) | 300,000 | 284,843 |
3.02%, 01/16/27 (a) | 300,000 | 280,111 |
3.54%, 04/06/27 (a) | 150,000 | 142,818 |
3.59%, 04/14/27 (a) | 250,000 | 238,522 |
3.94%, 09/21/28 (a) | 350,000 | 335,017 |
4.23%, 11/06/28 (a) | 600,000 | 581,826 |
3.63%, 04/06/30 (a) | 200,000 | 183,789 |
1.75%, 08/10/30 (a) | 200,000 | 159,824 |
2.72%, 01/12/32 (a) | 550,000 | 460,896 |
3.06%, 06/17/41 (a) | 400,000 | 298,419 |
3.00%, 02/24/50 (a) | 575,000 | 389,978 |
2.77%, 11/10/50 (a) | 400,000 | 256,269 |
2.94%, 06/04/51 (a) | 750,000 | 496,016 |
3.00%, 03/17/52 (a) | 400,000 | 266,756 |
3.38%, 02/08/61 (a) | 400,000 | 276,387 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 450,000 | 423,422 |
3.72%, 11/28/28 (a) | 250,000 | 237,128 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 150,000 | 147,321 |
3.90%, 02/01/25 (a) | 100,000 | 97,374 |
2.05%, 07/15/25 (a) | 150,000 | 139,794 |
3.85%, 06/01/27 (a) | 200,000 | 188,935 |
2.95%, 07/15/30 (a) | 200,000 | 169,000 |
7.20%, 01/15/32 | 75,000 | 81,433 |
6.45%, 06/30/33 | 100,000 | 102,385 |
5.85%, 02/01/35 | 100,000 | 96,819 |
6.50%, 02/15/37 | 125,000 | 125,077 |
6.25%, 03/15/38 | 300,000 | 299,030 |
6.75%, 02/01/39 | 150,000 | 155,838 |
4.95%, 06/01/47 (a) | 250,000 | 219,206 |
Cenovus Energy, Inc. | ||
5.25%, 06/15/37 (a) | 250,000 | 229,910 |
6.80%, 09/15/37 | 150,000 | 154,898 |
6.75%, 11/15/39 | 250,000 | 259,769 |
5.40%, 06/15/47 (a) | 325,000 | 294,403 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 375,000 | 377,280 |
5.13%, 06/30/27 (a) | 500,000 | 495,191 |
3.70%, 11/15/29 (a) | 500,000 | 453,867 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 350,000 | 315,737 |
4.00%, 03/01/31 (a) | 350,000 | 300,891 |
3.25%, 01/31/32 (a) | 250,000 | 200,156 |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 300,000 | 293,509 |
1.55%, 05/11/25 (a) | 950,000 | 884,572 |
3.33%, 11/17/25 (a) | 50,000 | 48,415 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.95%, 05/16/26 (a) | 300,000 | 285,044 |
2.00%, 05/11/27 (a) | 100,000 | 89,958 |
2.24%, 05/11/30 (a) | 600,000 | 514,626 |
3.08%, 05/11/50 (a) | 300,000 | 218,158 |
Chevron USA, Inc. | ||
3.90%, 11/15/24 (a) | 170,000 | 167,263 |
0.69%, 08/12/25 (a) | 250,000 | 226,352 |
1.02%, 08/12/27 (a) | 250,000 | 214,651 |
3.85%, 01/15/28 (a) | 250,000 | 241,728 |
3.25%, 10/15/29 (a) | 50,000 | 45,952 |
6.00%, 03/01/41 (a) | 150,000 | 165,312 |
5.25%, 11/15/43 (a) | 50,000 | 50,295 |
2.34%, 08/12/50 (a) | 200,000 | 125,419 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 383,000 | 377,995 |
5.80%, 06/01/45 (a) | 100,000 | 97,284 |
ConocoPhillips Co. | ||
2.13%, 03/08/24 (a) | 400,000 | 387,636 |
2.40%, 03/07/25 (a) | 350,000 | 332,905 |
6.95%, 04/15/29 | 300,000 | 332,442 |
5.90%, 10/15/32 | 100,000 | 107,087 |
6.50%, 02/01/39 | 500,000 | 562,202 |
3.76%, 03/15/42 (a) | 400,000 | 334,919 |
4.30%, 11/15/44 (a) | 200,000 | 173,550 |
4.88%, 10/01/47 (a) | 150,000 | 139,161 |
3.80%, 03/15/52 (a) | 300,000 | 238,320 |
4.03%, 03/15/62 (a) | 767,000 | 612,216 |
Continental Resources, Inc. | ||
3.80%, 06/01/24 (a) | 250,000 | 243,248 |
4.38%, 01/15/28 (a) | 300,000 | 273,460 |
4.90%, 06/01/44 (a) | 225,000 | 166,759 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 200,000 | 187,351 |
4.38%, 03/15/29 (a) | 150,000 | 141,374 |
DCP Midstream Operating LP | ||
5.38%, 07/15/25 (a) | 250,000 | 247,828 |
5.63%, 07/15/27 (a) | 200,000 | 199,270 |
5.13%, 05/15/29 (a) | 200,000 | 193,352 |
8.13%, 08/16/30 | 150,000 | 168,161 |
3.25%, 02/15/32 (a) | 200,000 | 165,178 |
Devon Energy Corp. | ||
5.25%, 09/15/24 (a)(c) | 125,000 | 125,179 |
5.85%, 12/15/25 (a) | 150,000 | 152,944 |
5.25%, 10/15/27 (a) | 150,000 | 149,378 |
5.88%, 06/15/28 (a)(c) | 100,000 | 101,524 |
4.50%, 01/15/30 (a) | 195,000 | 182,314 |
7.88%, 09/30/31 | 150,000 | 170,695 |
7.95%, 04/15/32 | 100,000 | 114,665 |
5.60%, 07/15/41 (a) | 350,000 | 327,844 |
4.75%, 05/15/42 (a) | 200,000 | 170,123 |
5.00%, 06/15/45 (a) | 250,000 | 215,814 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 300,000 | 279,942 |
3.50%, 12/01/29 (a) | 400,000 | 351,871 |
3.13%, 03/24/31 (a) | 50,000 | 41,581 |
6.25%, 03/15/33 (a) | 300,000 | 305,138 |
4.40%, 03/24/51 (a) | 200,000 | 153,105 |
4.25%, 03/15/52 (a) | 150,000 | 111,315 |
6.25%, 03/15/53 (a) | 200,000 | 194,282 |
Eastern Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 150,000 | 143,164 |
3.60%, 12/15/24 (a) | 17,000 | 16,524 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 250,000 | 217,141 |
4.80%, 11/01/43 (a)(c) | 125,000 | 108,431 |
4.60%, 12/15/44 (a) | 150,000 | 123,944 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Enable Midstream Partners LP | ||
4.95%, 05/15/28 (a) | 250,000 | 240,542 |
4.15%, 09/15/29 (a) | 200,000 | 180,849 |
5.00%, 05/15/44 (a) | 75,000 | 61,497 |
Enbridge Energy Partners LP | ||
5.88%, 10/15/25 (a) | 150,000 | 152,613 |
7.50%, 04/15/38 | 100,000 | 110,329 |
5.50%, 09/15/40 (a) | 200,000 | 187,856 |
7.38%, 10/15/45 (a) | 150,000 | 168,351 |
Enbridge, Inc. | ||
1.60%, 10/04/26 (a) | 150,000 | 131,551 |
4.25%, 12/01/26 (a) | 600,000 | 578,146 |
3.70%, 07/15/27 (a) | 325,000 | 305,008 |
3.13%, 11/15/29 (a) | 350,000 | 305,835 |
2.50%, 08/01/33 (a) | 425,000 | 328,098 |
4.50%, 06/10/44 (a) | 150,000 | 124,644 |
5.50%, 12/01/46 (a) | 150,000 | 141,837 |
4.00%, 11/15/49 (a) | 300,000 | 229,704 |
Energy Transfer LP | ||
5.88%, 01/15/24 (a) | 350,000 | 351,006 |
4.90%, 02/01/24 (a) | 100,000 | 99,253 |
4.25%, 04/01/24 (a) | 100,000 | 98,320 |
4.50%, 04/15/24 (a) | 200,000 | 197,322 |
3.90%, 05/15/24 (a) | 100,000 | 97,593 |
4.40%, 03/15/27 (a) | 300,000 | 285,754 |
4.00%, 10/01/27 (a) | 200,000 | 187,381 |
5.55%, 02/15/28 (a) | 250,000 | 247,889 |
4.95%, 06/15/28 (a) | 350,000 | 338,913 |
5.25%, 04/15/29 (a) | 300,000 | 291,061 |
3.75%, 05/15/30 (a) | 500,000 | 441,420 |
5.75%, 02/15/33 (a) | 425,000 | 417,262 |
Energy Transfer Operating LP | ||
4.05%, 03/15/25 (a) | 200,000 | 193,932 |
2.90%, 05/15/25 (a) | 300,000 | 282,909 |
4.75%, 01/15/26 (a) | 350,000 | 341,922 |
4.20%, 04/15/27 (a) | 250,000 | 236,374 |
5.50%, 06/01/27 (a) | 350,000 | 348,149 |
4.90%, 03/15/35 (a) | 150,000 | 133,910 |
6.63%, 10/15/36 | 125,000 | 126,223 |
7.50%, 07/01/38 | 100,000 | 106,968 |
6.05%, 06/01/41 (a) | 200,000 | 189,880 |
6.50%, 02/01/42 (a) | 250,000 | 247,932 |
5.15%, 02/01/43 (a) | 150,000 | 125,291 |
5.95%, 10/01/43 (a) | 148,000 | 136,957 |
5.15%, 03/15/45 (a) | 300,000 | 250,056 |
6.13%, 12/15/45 (a) | 300,000 | 278,963 |
5.30%, 04/15/47 (a) | 250,000 | 209,647 |
6.00%, 06/15/48 (a) | 300,000 | 271,421 |
6.25%, 04/15/49 (a) | 500,000 | 466,966 |
5.00%, 05/15/50 (a) | 550,000 | 444,208 |
Eni USA, Inc. | ||
7.30%, 11/15/27 | 150,000 | 159,943 |
Enterprise Products Operating LLC | ||
3.90%, 02/15/24 (a) | 300,000 | 295,644 |
3.75%, 02/15/25 (a) | 400,000 | 389,274 |
3.70%, 02/15/26 (a) | 150,000 | 144,720 |
3.95%, 02/15/27 (a) | 25,000 | 24,012 |
4.15%, 10/16/28 (a) | 300,000 | 284,391 |
3.13%, 07/31/29 (a) | 450,000 | 396,704 |
2.80%, 01/31/30 (a) | 400,000 | 341,156 |
6.65%, 10/15/34 | 200,000 | 211,782 |
7.55%, 04/15/38 | 100,000 | 112,156 |
6.13%, 10/15/39 | 225,000 | 232,206 |
6.45%, 09/01/40 | 120,000 | 125,847 |
5.95%, 02/01/41 | 200,000 | 200,388 |
5.70%, 02/15/42 | 150,000 | 145,881 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 08/15/42 (a) | 200,000 | 177,763 |
4.45%, 02/15/43 (a) | 300,000 | 252,872 |
4.85%, 03/15/44 (a) | 400,000 | 352,454 |
5.10%, 02/15/45 (a) | 350,000 | 316,249 |
4.90%, 05/15/46 (a) | 250,000 | 219,869 |
4.25%, 02/15/48 (a) | 350,000 | 282,276 |
4.80%, 02/01/49 (a) | 350,000 | 302,308 |
4.20%, 01/31/50 (a) | 350,000 | 276,609 |
3.70%, 01/31/51 (a) | 325,000 | 236,705 |
3.20%, 02/15/52 (a) | 350,000 | 231,323 |
4.95%, 10/15/54 (a) | 125,000 | 106,555 |
3.95%, 01/31/60 (a) | 325,000 | 236,035 |
5.25%, 08/16/77 (a)(b) | 300,000 | 246,018 |
5.38%, 02/15/78 (a)(b) | 210,000 | 163,437 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 250,000 | 241,545 |
4.15%, 01/15/26 (a) | 50,000 | 49,097 |
4.38%, 04/15/30 (a) | 300,000 | 290,900 |
3.90%, 04/01/35 (a) | 165,000 | 147,275 |
4.95%, 04/15/50 (a) | 200,000 | 191,698 |
EQT Corp. | ||
6.13%, 02/01/25 (a)(f) | 300,000 | 301,112 |
3.90%, 10/01/27 (a) | 400,000 | 370,057 |
5.70%, 04/01/28 (a) | 200,000 | 199,150 |
7.50%, 02/01/30 (a)(f) | 200,000 | 207,569 |
Exxon Mobil Corp. | ||
3.18%, 03/15/24 (a) | 250,000 | 245,294 |
2.02%, 08/16/24 (a) | 325,000 | 311,580 |
2.71%, 03/06/25 (a) | 500,000 | 478,538 |
2.99%, 03/19/25 (a) | 800,000 | 771,505 |
3.04%, 03/01/26 (a) | 500,000 | 477,786 |
2.28%, 08/16/26 (a) | 300,000 | 278,030 |
3.29%, 03/19/27 (a) | 300,000 | 288,396 |
2.44%, 08/16/29 (a) | 250,000 | 219,123 |
3.48%, 03/19/30 (a) | 650,000 | 606,623 |
2.61%, 10/15/30 (a) | 600,000 | 524,702 |
3.00%, 08/16/39 (a) | 250,000 | 192,553 |
4.23%, 03/19/40 (a) | 550,000 | 495,855 |
3.57%, 03/06/45 (a) | 300,000 | 236,530 |
4.11%, 03/01/46 (a) | 750,000 | 641,241 |
3.10%, 08/16/49 (a) | 450,000 | 323,835 |
4.33%, 03/19/50 (a) | 775,000 | 685,225 |
3.45%, 04/15/51 (a) | 650,000 | 492,393 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 134,000 | 130,500 |
2.92%, 03/01/30 (a) | 300,000 | 258,135 |
4.85%, 11/15/35 (a) | 300,000 | 278,422 |
6.70%, 09/15/38 | 250,000 | 266,278 |
7.45%, 09/15/39 | 300,000 | 340,336 |
4.75%, 08/01/43 (a) | 200,000 | 171,562 |
5.00%, 11/15/45 (a) | 600,000 | 533,329 |
Helmerich and Payne, Inc. | ||
2.90%, 09/29/31 (a) | 200,000 | 162,462 |
Hess Corp. | ||
3.50%, 07/15/24 (a) | 100,000 | 97,139 |
4.30%, 04/01/27 (a) | 200,000 | 191,565 |
7.88%, 10/01/29 | 150,000 | 167,405 |
7.30%, 08/15/31 | 163,000 | 177,796 |
7.13%, 03/15/33 | 150,000 | 162,322 |
6.00%, 01/15/40 | 200,000 | 197,659 |
5.60%, 02/15/41 | 375,000 | 355,128 |
5.80%, 04/01/47 (a) | 150,000 | 144,108 |
HF Sinclair Corp. | ||
5.88%, 04/01/26 (a) | 260,000 | 261,207 |
4.50%, 10/01/30 (a) | 125,000 | 109,919 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kinder Morgan Energy Partners LP | ||
4.15%, 02/01/24 (a) | 200,000 | 197,514 |
4.30%, 05/01/24 (a) | 350,000 | 345,833 |
7.40%, 03/15/31 | 300,000 | 328,401 |
7.75%, 03/15/32 | 50,000 | 55,621 |
5.80%, 03/15/35 | 300,000 | 294,848 |
6.50%, 02/01/37 | 200,000 | 203,032 |
6.95%, 01/15/38 | 350,000 | 372,116 |
6.50%, 09/01/39 | 350,000 | 357,993 |
6.55%, 09/15/40 | 100,000 | 101,175 |
7.50%, 11/15/40 | 150,000 | 165,566 |
6.38%, 03/01/41 | 250,000 | 249,230 |
5.63%, 09/01/41 | 150,000 | 137,229 |
5.00%, 08/15/42 (a) | 300,000 | 258,471 |
4.70%, 11/01/42 (a) | 100,000 | 83,031 |
5.00%, 03/01/43 (a) | 300,000 | 257,701 |
5.50%, 03/01/44 (a) | 100,000 | 90,990 |
5.40%, 09/01/44 (a) | 250,000 | 225,051 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 500,000 | 491,131 |
4.30%, 03/01/28 (a) | 390,000 | 374,344 |
2.00%, 02/15/31 (a) | 350,000 | 272,051 |
7.80%, 08/01/31 | 200,000 | 223,724 |
7.75%, 01/15/32 | 250,000 | 281,832 |
5.55%, 06/01/45 (a) | 500,000 | 457,994 |
5.05%, 02/15/46 (a) | 150,000 | 128,270 |
5.20%, 03/01/48 (a) | 246,000 | 215,415 |
3.25%, 08/01/50 (a) | 275,000 | 178,749 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 250,000 | 218,629 |
5.15%, 10/15/43 (a) | 200,000 | 175,017 |
4.25%, 09/15/46 (a) | 150,000 | 113,539 |
4.20%, 10/03/47 (a) | 150,000 | 113,888 |
4.85%, 02/01/49 (a) | 99,000 | 82,710 |
3.95%, 03/01/50 (a) | 250,000 | 184,672 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 300,000 | 286,824 |
6.80%, 03/15/32 | 88,000 | 90,802 |
6.60%, 10/01/37 | 250,000 | 249,763 |
5.20%, 06/01/45 (a) | 150,000 | 128,597 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 200,000 | 194,799 |
4.70%, 05/01/25 (a) | 300,000 | 295,728 |
5.13%, 12/15/26 (a) | 200,000 | 199,623 |
3.80%, 04/01/28 (a) | 150,000 | 138,943 |
6.50%, 03/01/41 (a) | 350,000 | 362,135 |
4.75%, 09/15/44 (a) | 250,000 | 209,835 |
4.50%, 04/01/48 (a) | 100,000 | 80,069 |
5.00%, 09/15/54 (a) | 125,000 | 105,980 |
MPLX LP | ||
4.88%, 12/01/24 (a) | 475,000 | 471,180 |
4.00%, 02/15/25 (a) | 150,000 | 145,546 |
4.88%, 06/01/25 (a) | 350,000 | 346,223 |
1.75%, 03/01/26 (a) | 450,000 | 401,866 |
4.13%, 03/01/27 (a) | 400,000 | 379,000 |
4.25%, 12/01/27 (a) | 246,000 | 232,741 |
4.00%, 03/15/28 (a) | 275,000 | 256,651 |
4.80%, 02/15/29 (a) | 250,000 | 239,591 |
2.65%, 08/15/30 (a) | 500,000 | 406,458 |
4.50%, 04/15/38 (a) | 500,000 | 421,430 |
5.20%, 03/01/47 (a) | 300,000 | 255,826 |
5.20%, 12/01/47 (a) | 150,000 | 128,890 |
4.70%, 04/15/48 (a) | 400,000 | 319,324 |
5.50%, 02/15/49 (a) | 425,000 | 377,069 |
4.95%, 03/14/52 (a) | 400,000 | 328,517 |
4.90%, 04/15/58 (a) | 200,000 | 157,623 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 150,000 | 149,561 |
5.50%, 01/15/26 (a) | 150,000 | 149,830 |
3.95%, 09/15/27 (a) | 150,000 | 139,363 |
4.75%, 09/01/28 (a) | 200,000 | 190,320 |
2.95%, 03/01/31 (a) | 50,000 | 39,418 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 250,000 | 237,954 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 150,000 | 132,220 |
3.95%, 12/01/42 (a) | 300,000 | 210,055 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 150,000 | 148,102 |
6.65%, 10/01/36 | 150,000 | 151,058 |
6.85%, 10/15/37 | 225,000 | 228,947 |
6.13%, 02/01/41 (a) | 50,000 | 47,666 |
6.20%, 09/15/43 (a) | 150,000 | 143,353 |
ONEOK, Inc. | ||
2.75%, 09/01/24 (a) | 150,000 | 143,856 |
2.20%, 09/15/25 (a) | 150,000 | 137,940 |
5.85%, 01/15/26 (a) | 200,000 | 203,090 |
4.00%, 07/13/27 (a) | 200,000 | 188,602 |
4.55%, 07/15/28 (a) | 275,000 | 260,459 |
4.35%, 03/15/29 (a) | 300,000 | 278,790 |
3.40%, 09/01/29 (a) | 250,000 | 216,496 |
3.10%, 03/15/30 (a) | 200,000 | 168,210 |
6.35%, 01/15/31 (a) | 200,000 | 204,478 |
6.00%, 06/15/35 | 100,000 | 97,321 |
4.95%, 07/13/47 (a) | 225,000 | 183,484 |
5.20%, 07/15/48 (a) | 300,000 | 252,145 |
4.45%, 09/01/49 (a) | 200,000 | 150,619 |
4.50%, 03/15/50 (a) | 50,000 | 37,626 |
7.15%, 01/15/51 (a) | 100,000 | 103,083 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 300,000 | 297,772 |
Ovintiv, Inc. | ||
7.20%, 11/01/31 | 100,000 | 105,576 |
7.38%, 11/01/31 | 200,000 | 215,193 |
6.50%, 08/15/34 | 100,000 | 101,564 |
6.63%, 08/15/37 | 100,000 | 101,092 |
6.50%, 02/01/38 | 200,000 | 199,087 |
Phillips 66 | ||
0.90%, 02/15/24 (a) | 50,000 | 47,864 |
3.85%, 04/09/25 (a) | 200,000 | 195,091 |
1.30%, 02/15/26 (a) | 200,000 | 179,117 |
3.90%, 03/15/28 (a) | 300,000 | 283,961 |
2.15%, 12/15/30 (a) | 250,000 | 200,331 |
4.65%, 11/15/34 (a) | 300,000 | 280,564 |
5.88%, 05/01/42 | 400,000 | 411,842 |
4.88%, 11/15/44 (a) | 425,000 | 390,439 |
3.30%, 03/15/52 (a) | 325,000 | 225,797 |
Phillips 66 Partners LP | ||
3.61%, 02/15/25 (a)(c) | 200,000 | 193,849 |
3.75%, 03/01/28 (a) | 175,000 | 161,739 |
3.15%, 12/15/29 (a)(c) | 150,000 | 131,295 |
4.68%, 02/15/45 (a)(c) | 200,000 | 174,546 |
4.90%, 10/01/46 (a)(c) | 175,000 | 155,754 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 300,000 | 267,655 |
1.90%, 08/15/30 (a) | 300,000 | 236,038 |
2.15%, 01/15/31 (a) | 250,000 | 198,527 |
Plains All American Pipeline LP | ||
6.65%, 01/15/37 | 250,000 | 247,283 |
4.30%, 01/31/43 (a) | 150,000 | 108,643 |
4.90%, 02/15/45 (a) | 200,000 | 156,075 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Plains All American Pipeline LP/PAA Finance Corp. | ||
4.65%, 10/15/25 (a) | 300,000 | 294,059 |
4.50%, 12/15/26 (a) | 260,000 | 250,193 |
3.55%, 12/15/29 (a) | 150,000 | 130,486 |
3.80%, 09/15/30 (a) | 200,000 | 174,331 |
5.15%, 06/01/42 (a) | 150,000 | 122,312 |
4.70%, 06/15/44 (a) | 100,000 | 75,980 |
Sabine Pass Liquefaction LLC | ||
5.63%, 03/01/25 (a) | 750,000 | 752,551 |
5.88%, 06/30/26 (a) | 500,000 | 506,547 |
5.00%, 03/15/27 (a) | 400,000 | 392,909 |
4.20%, 03/15/28 (a) | 450,000 | 423,631 |
4.50%, 05/15/30 (a) | 525,000 | 488,365 |
5.90%, 09/15/37 (a)(c) | 150,000 | 149,959 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 200,000 | 183,591 |
Schlumberger Investment S.A. | ||
2.65%, 06/26/30 (a) | 225,000 | 193,322 |
Shell International Finance BV | ||
2.00%, 11/07/24 (a) | 300,000 | 285,477 |
3.25%, 05/11/25 | 900,000 | 872,982 |
2.88%, 05/10/26 | 500,000 | 471,548 |
2.50%, 09/12/26 | 200,000 | 185,814 |
3.88%, 11/13/28 (a) | 600,000 | 578,314 |
2.38%, 11/07/29 (a) | 475,000 | 411,359 |
2.75%, 04/06/30 (a) | 500,000 | 440,080 |
4.13%, 05/11/35 | 500,000 | 463,525 |
6.38%, 12/15/38 | 950,000 | 1,050,180 |
3.63%, 08/21/42 | 150,000 | 121,159 |
4.55%, 08/12/43 | 375,000 | 339,695 |
4.38%, 05/11/45 | 400,000 | 351,387 |
4.00%, 05/10/46 | 725,000 | 599,165 |
3.75%, 09/12/46 | 400,000 | 316,883 |
3.13%, 11/07/49 (a) | 500,000 | 354,043 |
3.25%, 04/06/50 (a) | 600,000 | 436,207 |
3.00%, 11/26/51 (a) | 200,000 | 136,447 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 300,000 | 298,155 |
3.50%, 03/15/25 (a) | 200,000 | 192,570 |
5.95%, 09/25/43 (a) | 200,000 | 194,515 |
4.50%, 03/15/45 (a) | 100,000 | 82,575 |
Suncor Energy, Inc. | ||
5.95%, 12/01/34 | 150,000 | 149,785 |
5.95%, 05/15/35 | 200,000 | 195,626 |
6.80%, 05/15/38 | 300,000 | 315,585 |
6.50%, 06/15/38 | 375,000 | 386,110 |
6.85%, 06/01/39 | 150,000 | 158,320 |
4.00%, 11/15/47 (a) | 150,000 | 114,276 |
3.75%, 03/04/51 (a) | 200,000 | 145,193 |
Sunoco Logistics Partners Operations LP | ||
5.95%, 12/01/25 (a) | 125,000 | 126,940 |
6.10%, 02/15/42 | 200,000 | 185,160 |
4.95%, 01/15/43 (a) | 150,000 | 121,956 |
5.30%, 04/01/44 (a) | 250,000 | 212,417 |
5.35%, 05/15/45 (a) | 100,000 | 85,433 |
5.40%, 10/01/47 (a) | 400,000 | 340,557 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 225,000 | 221,242 |
4.20%, 02/01/33 (a) | 200,000 | 172,385 |
4.95%, 04/15/52 (a) | 200,000 | 159,550 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 450,000 | 454,982 |
5.50%, 03/01/30 (a) | 200,000 | 188,856 |
4.88%, 02/01/31 (a) | 350,000 | 316,550 |
4.00%, 01/15/32 (a) | 400,000 | 336,662 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 200,000 | 196,376 |
3.90%, 05/25/27 (a) | 100,000 | 94,664 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 100,000 | 106,204 |
Tosco Corp. | ||
8.13%, 02/15/30 | 100,000 | 117,254 |
TotalEnergies Capital International S.A. | ||
3.70%, 01/15/24 | 200,000 | 197,411 |
3.75%, 04/10/24 | 400,000 | 395,136 |
2.43%, 01/10/25 (a) | 200,000 | 191,089 |
3.46%, 02/19/29 (a) | 356,000 | 330,987 |
2.83%, 01/10/30 (a) | 375,000 | 331,855 |
2.99%, 06/29/41 (a) | 275,000 | 205,602 |
3.46%, 07/12/49 (a) | 300,000 | 226,124 |
3.13%, 05/29/50 (a) | 700,000 | 497,762 |
3.39%, 06/29/60 (a) | 250,000 | 176,042 |
TotalEnergies Capital S.A. | ||
3.88%, 10/11/28 | 275,000 | 266,233 |
TransCanada PipeLines Ltd. | ||
1.00%, 10/12/24 (a) | 150,000 | 139,016 |
4.88%, 01/15/26 (a) | 350,000 | 348,682 |
4.25%, 05/15/28 (a) | 575,000 | 546,594 |
4.10%, 04/15/30 (a) | 150,000 | 137,628 |
2.50%, 10/12/31 (a) | 150,000 | 119,499 |
4.63%, 03/01/34 (a) | 400,000 | 365,985 |
6.20%, 10/15/37 | 300,000 | 306,779 |
4.75%, 05/15/38 (a) | 200,000 | 178,335 |
7.25%, 08/15/38 | 125,000 | 139,100 |
7.63%, 01/15/39 | 400,000 | 459,159 |
6.10%, 06/01/40 | 250,000 | 251,952 |
5.00%, 10/16/43 (a) | 200,000 | 178,027 |
4.88%, 05/15/48 (a) | 350,000 | 307,291 |
5.10%, 03/15/49 (a) | 300,000 | 273,923 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 250,000 | 266,996 |
4.00%, 03/15/28 (a) | 150,000 | 141,272 |
3.25%, 05/15/30 (a) | 250,000 | 217,614 |
5.40%, 08/15/41 (a) | 125,000 | 119,135 |
4.45%, 08/01/42 (a) | 100,000 | 84,811 |
4.60%, 03/15/48 (a) | 200,000 | 167,642 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 200,000 | 175,831 |
4.35%, 06/01/28 (a) | 250,000 | 241,707 |
4.00%, 04/01/29 (a) | 250,000 | 235,753 |
7.50%, 04/15/32 | 150,000 | 169,210 |
6.63%, 06/15/37 | 450,000 | 481,495 |
4.90%, 03/15/45 (d) | 250,000 | 223,606 |
3.65%, 12/01/51 (a) | 200,000 | 141,999 |
4.00%, 06/01/52 (a) | 150,000 | 113,228 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 200,000 | 194,436 |
Williams Cos., Inc. | ||
4.30%, 03/04/24 (a) | 250,000 | 246,939 |
4.55%, 06/24/24 (a) | 350,000 | 346,314 |
3.90%, 01/15/25 (a) | 237,000 | 231,107 |
4.00%, 09/15/25 (a) | 250,000 | 243,121 |
3.75%, 06/15/27 (a) | 500,000 | 471,551 |
3.50%, 11/15/30 (a) | 350,000 | 307,217 |
7.50%, 01/15/31 | 50,000 | 55,077 |
8.75%, 03/15/32 | 250,000 | 298,353 |
6.30%, 04/15/40 | 400,000 | 410,645 |
5.80%, 11/15/43 (a) | 150,000 | 143,371 |
5.75%, 06/24/44 (a) | 200,000 | 191,457 |
4.90%, 01/15/45 (a) | 225,000 | 192,253 |
5.10%, 09/15/45 (a) | 350,000 | 306,983 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.85%, 03/01/48 (a) | 300,000 | 255,952 |
3.50%, 10/15/51 (a) | 250,000 | 171,776 |
5.30%, 08/15/52 (a) | 225,000 | 203,056 |
111,606,898 | ||
Industrial Other 0.1% | ||
Boston University | ||
4.06%, 10/01/48 (a) | 180,000 | 149,018 |
California Institute of Technology | ||
4.32%, 08/01/45 | 100,000 | 87,637 |
4.70%, 11/01/11 | 100,000 | 83,895 |
3.65%, 09/01/19 (a) | 200,000 | 129,255 |
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 300,000 | 289,397 |
Duke University | ||
2.68%, 10/01/44 | 200,000 | 145,355 |
2.76%, 10/01/50 | 100,000 | 67,651 |
2.83%, 10/01/55 | 200,000 | 135,932 |
Emory University | ||
2.14%, 09/01/30 (a) | 200,000 | 165,450 |
2.97%, 09/01/50 (a) | 150,000 | 101,168 |
George Washington University | ||
4.30%, 09/15/44 | 125,000 | 106,142 |
4.87%, 09/15/45 | 150,000 | 138,540 |
4.13%, 09/15/48 (a) | 200,000 | 167,492 |
Georgetown University | ||
4.32%, 04/01/49 (a) | 101,000 | 84,369 |
2.94%, 04/01/50 | 125,000 | 80,980 |
5.22%, 10/01/18 (a) | 100,000 | 87,972 |
Howard University | ||
5.21%, 10/01/52 (a) | 50,000 | 39,459 |
Johns Hopkins University | ||
4.08%, 07/01/53 | 200,000 | 168,717 |
2.81%, 01/01/60 (a) | 150,000 | 94,526 |
Leland Stanford Junior University | ||
3.65%, 05/01/48 (a) | 200,000 | 167,439 |
2.41%, 06/01/50 (a) | 250,000 | 159,806 |
Massachusetts Institute of Technology | ||
3.96%, 07/01/38 | 50,000 | 45,476 |
2.99%, 07/01/50 (a) | 200,000 | 146,854 |
2.29%, 07/01/51 (a) | 150,000 | 92,988 |
5.60%, 07/01/11 | 240,000 | 252,985 |
4.68%, 07/01/14 | 150,000 | 130,945 |
3.89%, 07/01/16 | 150,000 | 108,961 |
Northeastern University | ||
2.89%, 10/01/50 | 100,000 | 66,111 |
Northwestern University | ||
4.64%, 12/01/44 | 200,000 | 191,895 |
2.64%, 12/01/50 (a) | 100,000 | 65,952 |
3.66%, 12/01/57 (a) | 100,000 | 77,579 |
President and Fellows of Harvard College | ||
4.88%, 10/15/40 | 50,000 | 49,819 |
3.15%, 07/15/46 (a) | 207,000 | 158,961 |
2.52%, 10/15/50 (a) | 200,000 | 131,063 |
3.75%, 11/15/52 (a) | 150,000 | 125,686 |
3.30%, 07/15/56 (a) | 150,000 | 112,683 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 200,000 | 165,347 |
2.35%, 01/15/32 (a) | 200,000 | 152,428 |
3.05%, 10/01/41 (a) | 200,000 | 131,384 |
The American University | ||
3.67%, 04/01/49 | 200,000 | 155,681 |
Thomas Jefferson University | ||
3.85%, 11/01/57 (a) | 150,000 | 109,157 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Trustees of Boston College | ||
3.13%, 07/01/52 | 150,000 | 105,690 |
Trustees of Princeton University | ||
5.70%, 03/01/39 | 225,000 | 244,079 |
2.52%, 07/01/50 (a) | 200,000 | 135,616 |
Trustees of the University of Pennsylvania | ||
2.40%, 10/01/50 (a) | 100,000 | 63,515 |
4.67%, 09/01/12 | 100,000 | 85,189 |
3.61%, 02/15/19 (a) | 100,000 | 66,791 |
University of Chicago | ||
2.76%, 04/01/45 (a) | 150,000 | 113,487 |
2.55%, 04/01/50 (a) | 200,000 | 134,955 |
4.00%, 10/01/53 (a) | 125,000 | 105,947 |
University of Notre Dame du Lac | ||
3.44%, 02/15/45 | 150,000 | 120,046 |
3.39%, 02/15/48 (a) | 149,000 | 115,315 |
University of Southern California | ||
3.03%, 10/01/39 | 300,000 | 236,278 |
3.84%, 10/01/47 (a) | 150,000 | 124,892 |
5.25%, 10/01/11 | 100,000 | 98,298 |
3.23%, 10/01/20 (a) | 125,000 | 74,272 |
William Marsh Rice University | ||
3.57%, 05/15/45 | 200,000 | 165,495 |
3.77%, 05/15/55 | 100,000 | 80,887 |
Yale University | ||
0.87%, 04/15/25 (a) | 125,000 | 115,125 |
1.48%, 04/15/30 (a) | 200,000 | 160,364 |
2.40%, 04/15/50 (a) | 200,000 | 130,281 |
7,598,677 | ||
Technology 2.4% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 150,000 | 141,802 |
3.25%, 02/01/25 (a) | 230,000 | 223,619 |
2.15%, 02/01/27 (a) | 275,000 | 250,806 |
2.30%, 02/01/30 (a) | 400,000 | 341,682 |
Advanced Micro Devices, Inc. | ||
3.92%, 06/01/32 (a) | 150,000 | 139,969 |
4.39%, 06/01/52 (a) | 150,000 | 133,174 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 250,000 | 250,595 |
0.45%, 08/15/25 (a) | 100,000 | 90,204 |
2.00%, 08/15/26 (a) | 500,000 | 460,355 |
0.80%, 08/15/27 (a) | 300,000 | 257,653 |
1.10%, 08/15/30 (a) | 700,000 | 550,849 |
1.90%, 08/15/40 (a) | 550,000 | 364,823 |
2.05%, 08/15/50 (a) | 750,000 | 445,280 |
2.25%, 08/15/60 (a) | 525,000 | 299,184 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 250,000 | 203,693 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 150,000 | 144,262 |
3.50%, 12/05/26 (a) | 200,000 | 190,988 |
3.45%, 06/15/27 (a)(c) | 200,000 | 188,633 |
1.70%, 10/01/28 (a) | 200,000 | 169,725 |
2.10%, 10/01/31 (a) | 350,000 | 283,507 |
2.80%, 10/01/41 (a) | 300,000 | 221,204 |
2.95%, 10/01/51 (a) | 250,000 | 169,063 |
Apple Inc. | ||
3.00%, 02/09/24 (a) | 350,000 | 343,360 |
3.45%, 05/06/24 | 500,000 | 491,755 |
2.85%, 05/11/24 (a) | 450,000 | 438,418 |
1.80%, 09/11/24 (a) | 250,000 | 238,298 |
2.75%, 01/13/25 (a) | 400,000 | 385,519 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 02/09/25 | 300,000 | 287,001 |
1.13%, 05/11/25 (a) | 500,000 | 460,846 |
3.20%, 05/13/25 | 600,000 | 580,142 |
0.55%, 08/20/25 (a) | 400,000 | 361,001 |
0.70%, 02/08/26 (a) | 750,000 | 667,166 |
3.25%, 02/23/26 (a) | 950,000 | 913,983 |
2.45%, 08/04/26 (a) | 600,000 | 557,540 |
2.05%, 09/11/26 (a) | 550,000 | 502,886 |
3.35%, 02/09/27 (a) | 675,000 | 646,823 |
3.20%, 05/11/27 (a) | 500,000 | 475,274 |
3.00%, 06/20/27 (a) | 300,000 | 282,977 |
2.90%, 09/12/27 (a) | 550,000 | 514,236 |
3.00%, 11/13/27 (a) | 450,000 | 420,897 |
1.20%, 02/08/28 (a) | 750,000 | 637,594 |
1.40%, 08/05/28 (a) | 650,000 | 551,500 |
3.25%, 08/08/29 (a) | 300,000 | 278,382 |
2.20%, 09/11/29 (a) | 550,000 | 475,754 |
1.65%, 05/11/30 (a) | 550,000 | 451,351 |
1.25%, 08/20/30 (a) | 400,000 | 315,392 |
1.65%, 02/08/31 (a) | 800,000 | 644,912 |
1.70%, 08/05/31 (a) | 350,000 | 280,124 |
3.35%, 08/08/32 (a) | 450,000 | 409,204 |
4.50%, 02/23/36 (a) | 300,000 | 297,675 |
2.38%, 02/08/41 (a) | 450,000 | 318,418 |
3.85%, 05/04/43 | 800,000 | 695,322 |
4.45%, 05/06/44 | 230,000 | 218,191 |
3.45%, 02/09/45 | 600,000 | 482,826 |
4.38%, 05/13/45 | 700,000 | 647,083 |
4.65%, 02/23/46 (a) | 850,000 | 808,482 |
3.85%, 08/04/46 (a) | 538,000 | 458,672 |
4.25%, 02/09/47 (a) | 400,000 | 369,960 |
3.75%, 09/12/47 (a) | 350,000 | 292,421 |
3.75%, 11/13/47 (a) | 419,000 | 350,165 |
2.95%, 09/11/49 (a) | 500,000 | 357,070 |
2.65%, 05/11/50 (a) | 750,000 | 498,385 |
2.40%, 08/20/50 (a) | 600,000 | 379,317 |
2.65%, 02/08/51 (a) | 350,000 | 233,502 |
2.70%, 08/05/51 (a) | 500,000 | 334,263 |
3.95%, 08/08/52 (a) | 500,000 | 426,794 |
2.55%, 08/20/60 (a) | 650,000 | 398,779 |
2.80%, 02/08/61 (a) | 450,000 | 288,901 |
2.85%, 08/05/61 (a) | 450,000 | 293,330 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 250,000 | 244,905 |
3.30%, 04/01/27 (a) | 400,000 | 380,532 |
1.75%, 06/01/30 (a) | 250,000 | 204,107 |
5.10%, 10/01/35 (a) | 100,000 | 101,237 |
5.85%, 06/15/41 | 150,000 | 164,488 |
4.35%, 04/01/47 (a) | 100,000 | 90,497 |
2.75%, 06/01/50 (a) | 325,000 | 222,889 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 300,000 | 289,021 |
4.00%, 04/01/25 (a) | 50,000 | 48,302 |
3.88%, 01/12/28 (a) | 225,000 | 205,169 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 200,000 | 198,030 |
2.85%, 01/15/30 (a) | 50,000 | 43,059 |
2.40%, 12/15/31 (a) | 375,000 | 300,971 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 250,000 | 242,612 |
1.70%, 05/15/28 (a) | 350,000 | 304,344 |
1.25%, 09/01/30 (a) | 350,000 | 273,619 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 200,000 | 192,799 |
5.50%, 06/01/32 (a) | 150,000 | 138,681 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Baidu, Inc. | ||
4.38%, 05/14/24 (a) | 250,000 | 246,025 |
3.08%, 04/07/25 (a) | 200,000 | 188,623 |
1.72%, 04/09/26 (a) | 200,000 | 177,281 |
3.63%, 07/06/27 | 200,000 | 184,482 |
4.38%, 03/29/28 (a) | 200,000 | 188,895 |
4.88%, 11/14/28 (a) | 200,000 | 192,152 |
2.38%, 10/09/30 (a) | 200,000 | 159,388 |
2.38%, 08/23/31 (a) | 200,000 | 156,303 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.63%, 01/15/24 (a) | 300,000 | 295,077 |
3.13%, 01/15/25 (a) | 100,000 | 96,183 |
3.88%, 01/15/27 (a) | 900,000 | 852,960 |
3.50%, 01/15/28 (a) | 250,000 | 228,209 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 200,000 | 195,002 |
3.15%, 11/15/25 (a) | 250,000 | 237,104 |
3.46%, 09/15/26 (a) | 204,000 | 192,305 |
1.95%, 02/15/28 (a)(c) | 300,000 | 253,969 |
4.11%, 09/15/28 (a) | 400,000 | 373,616 |
4.75%, 04/15/29 (a) | 300,000 | 286,523 |
5.00%, 04/15/30 (a) | 150,000 | 142,327 |
4.15%, 11/15/30 (a) | 593,000 | 532,357 |
2.45%, 02/15/31 (a)(c) | 700,000 | 552,118 |
4.30%, 11/15/32 (a) | 675,000 | 596,914 |
2.60%, 02/15/33 (a)(c) | 600,000 | 450,557 |
3.42%, 04/15/33 (a)(c) | 600,000 | 482,460 |
3.47%, 04/15/34 (a)(c) | 850,000 | 675,492 |
3.14%, 11/15/35 (a)(c) | 1,006,000 | 739,992 |
3.19%, 11/15/36 (a)(c) | 707,000 | 511,076 |
4.93%, 05/15/37 (a)(c) | 655,000 | 572,636 |
3.50%, 02/15/41 (a)(c) | 950,000 | 680,611 |
3.75%, 02/15/51 (a)(c) | 500,000 | 349,334 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 150,000 | 140,715 |
2.90%, 12/01/29 (a) | 250,000 | 211,997 |
2.60%, 05/01/31 (a) | 250,000 | 204,068 |
Cadence Design Systems, Inc. | ||
4.38%, 10/15/24 (a) | 150,000 | 148,789 |
CDW LLC/CDW Finance Corp. | ||
5.50%, 12/01/24 (a) | 175,000 | 174,548 |
4.13%, 05/01/25 (a) | 200,000 | 195,111 |
2.67%, 12/01/26 (a) | 275,000 | 244,747 |
4.25%, 04/01/28 (a) | 150,000 | 138,250 |
3.28%, 12/01/28 (a) | 150,000 | 128,918 |
3.25%, 02/15/29 (a) | 200,000 | 170,798 |
3.57%, 12/01/31 (a) | 250,000 | 206,878 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 200,000 | 177,024 |
2.30%, 09/14/31 (a) | 150,000 | 113,756 |
Cisco Systems, Inc. | ||
3.63%, 03/04/24 | 225,000 | 221,912 |
3.50%, 06/15/25 | 50,000 | 48,710 |
2.95%, 02/28/26 | 150,000 | 143,380 |
2.50%, 09/20/26 (a) | 450,000 | 419,925 |
5.90%, 02/15/39 | 500,000 | 540,425 |
5.50%, 01/15/40 | 700,000 | 731,072 |
Corning, Inc. | ||
5.75%, 08/15/40 | 150,000 | 149,835 |
4.75%, 03/15/42 | 50,000 | 44,566 |
5.35%, 11/15/48 (a) | 150,000 | 141,949 |
3.90%, 11/15/49 (a) | 150,000 | 110,072 |
4.38%, 11/15/57 (a) | 200,000 | 155,852 |
5.85%, 11/15/68 (a) | 100,000 | 92,600 |
5.45%, 11/15/79 (a) | 350,000 | 304,240 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 250,000 | 245,565 |
5.85%, 07/15/25 (a) | 200,000 | 202,676 |
6.02%, 06/15/26 (a) | 1,200,000 | 1,226,195 |
4.90%, 10/01/26 (a) | 500,000 | 493,032 |
6.10%, 07/15/27 (a) | 200,000 | 205,902 |
5.30%, 10/01/29 (a) | 550,000 | 537,965 |
6.20%, 07/15/30 (a) | 300,000 | 306,163 |
8.10%, 07/15/36 (a) | 301,000 | 338,025 |
3.38%, 12/15/41 (a)(c) | 250,000 | 168,319 |
8.35%, 07/15/46 (a) | 256,000 | 294,226 |
3.45%, 12/15/51 (a)(c) | 400,000 | 247,938 |
Dell, Inc. | ||
7.10%, 04/15/28 | 50,000 | 53,783 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 250,000 | 217,967 |
2.38%, 09/15/28 (a) | 200,000 | 168,530 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 200,000 | 190,960 |
2.60%, 12/15/25 (a) | 150,000 | 139,816 |
3.10%, 05/15/30 (a) | 200,000 | 168,822 |
2.35%, 09/15/31 (a) | 250,000 | 194,295 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 200,000 | 190,696 |
1.00%, 09/15/25 (a) | 250,000 | 223,629 |
1.45%, 05/15/26 (a) | 200,000 | 175,993 |
2.90%, 11/18/26 (a) | 100,000 | 91,545 |
1.80%, 07/15/27 (a) | 150,000 | 128,688 |
1.55%, 03/15/28 (a) | 250,000 | 207,263 |
3.20%, 11/18/29 (a) | 400,000 | 348,874 |
2.15%, 07/15/30 (a) | 300,000 | 239,657 |
2.50%, 05/15/31 (a) | 350,000 | 281,293 |
3.90%, 04/15/32 (a) | 350,000 | 310,599 |
3.00%, 07/15/50 (a) | 175,000 | 110,986 |
2.95%, 09/15/51 (a) | 175,000 | 109,633 |
3.40%, 02/15/52 (a) | 100,000 | 68,735 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 150,000 | 136,699 |
3.45%, 03/01/32 (a) | 100,000 | 84,589 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 200,000 | 189,435 |
4.50%, 07/15/25 | 250,000 | 245,579 |
1.15%, 03/01/26 (a) | 350,000 | 307,477 |
1.65%, 03/01/28 (a) | 250,000 | 208,277 |
3.75%, 05/21/29 (a) | 50,000 | 45,709 |
2.25%, 03/01/31 (a) | 450,000 | 354,593 |
5.10%, 07/15/32 (a) | 225,000 | 217,344 |
3.10%, 03/01/41 (a) | 250,000 | 173,245 |
4.50%, 08/15/46 (a) | 100,000 | 78,564 |
5.63%, 07/15/52 (a) | 100,000 | 92,858 |
Fiserv, Inc. | ||
2.75%, 07/01/24 (a) | 600,000 | 579,016 |
3.85%, 06/01/25 (a) | 250,000 | 242,901 |
3.20%, 07/01/26 (a) | 650,000 | 609,683 |
2.25%, 06/01/27 (a) | 200,000 | 178,717 |
4.20%, 10/01/28 (a) | 300,000 | 284,322 |
3.50%, 07/01/29 (a) | 750,000 | 676,428 |
2.65%, 06/01/30 (a) | 200,000 | 168,046 |
4.40%, 07/01/49 (a) | 525,000 | 427,440 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 150,000 | 147,231 |
3.75%, 02/01/26 (a) | 200,000 | 188,635 |
4.88%, 06/15/29 (a) | 250,000 | 235,737 |
4.88%, 05/12/30 (a) | 200,000 | 187,623 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 200,000 | 175,354 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24 (a) | 250,000 | 239,288 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 200,000 | 186,490 |
2.65%, 02/15/25 (a) | 200,000 | 188,512 |
1.20%, 03/01/26 (a) | 400,000 | 349,073 |
2.15%, 01/15/27 (a) | 350,000 | 306,079 |
4.45%, 06/01/28 (a) | 150,000 | 139,776 |
3.20%, 08/15/29 (a) | 400,000 | 342,121 |
5.30%, 08/15/29 (a) | 150,000 | 145,789 |
2.90%, 05/15/30 (a) | 275,000 | 226,058 |
2.90%, 11/15/31 (a) | 250,000 | 197,754 |
5.40%, 08/15/32 (a) | 225,000 | 214,862 |
4.15%, 08/15/49 (a) | 200,000 | 143,270 |
5.95%, 08/15/52 (a) | 225,000 | 204,751 |
Hewlett Packard Enterprise Co. | ||
1.45%, 04/01/24 (a) | 200,000 | 191,083 |
4.90%, 10/15/25 (a) | 600,000 | 594,645 |
1.75%, 04/01/26 (a) | 350,000 | 314,893 |
6.20%, 10/15/35 (a) | 250,000 | 258,103 |
6.35%, 10/15/45 (a) | 425,000 | 425,697 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 500,000 | 468,660 |
1.45%, 06/17/26 (a) | 200,000 | 175,599 |
3.00%, 06/17/27 (a) | 300,000 | 274,505 |
4.00%, 04/15/29 (a) | 300,000 | 274,986 |
3.40%, 06/17/30 (a) | 300,000 | 254,474 |
2.65%, 06/17/31 (a) | 250,000 | 195,207 |
4.20%, 04/15/32 (a) | 300,000 | 258,026 |
5.50%, 01/15/33 (a) | 350,000 | 329,727 |
6.00%, 09/15/41 | 350,000 | 335,832 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 200,000 | 194,847 |
3.40%, 03/25/25 (a)(d) | 600,000 | 584,372 |
3.70%, 07/29/25 (a) | 650,000 | 634,797 |
2.60%, 05/19/26 (a) | 250,000 | 233,553 |
3.75%, 03/25/27 (a) | 250,000 | 241,695 |
3.15%, 05/11/27 (a) | 400,000 | 376,823 |
1.60%, 08/12/28 (a) | 300,000 | 255,196 |
4.00%, 08/05/29 (a) | 250,000 | 238,693 |
2.45%, 11/15/29 (a) | 700,000 | 601,172 |
3.90%, 03/25/30 (a) | 450,000 | 422,563 |
2.00%, 08/12/31 (a) | 400,000 | 317,880 |
4.15%, 08/05/32 (a) | 375,000 | 351,056 |
4.00%, 12/15/32 | 100,000 | 92,664 |
4.60%, 03/25/40 (a) | 250,000 | 227,489 |
2.80%, 08/12/41 (a) | 250,000 | 174,484 |
4.80%, 10/01/41 | 200,000 | 185,093 |
4.25%, 12/15/42 | 150,000 | 128,418 |
4.90%, 07/29/45 (a) | 200,000 | 187,806 |
4.10%, 05/19/46 (a) | 250,000 | 203,817 |
4.10%, 05/11/47 (a) | 325,000 | 264,106 |
3.73%, 12/08/47 (a) | 400,000 | 301,415 |
3.25%, 11/15/49 (a) | 600,000 | 409,583 |
4.75%, 03/25/50 (a) | 650,000 | 566,900 |
3.05%, 08/12/51 (a) | 350,000 | 228,333 |
4.90%, 08/05/52 (a) | 475,000 | 422,701 |
3.10%, 02/15/60 (a) | 375,000 | 233,988 |
4.95%, 03/25/60 (a)(d) | 300,000 | 268,205 |
3.20%, 08/12/61 (a) | 250,000 | 158,326 |
5.05%, 08/05/62 (a) | 200,000 | 176,749 |
International Business Machines Corp. | ||
3.63%, 02/12/24 | 400,000 | 394,069 |
3.00%, 05/15/24 | 750,000 | 730,240 |
4.00%, 07/27/25 | 300,000 | 294,990 |
7.00%, 10/30/25 | 150,000 | 159,186 |
3.45%, 02/19/26 | 500,000 | 480,683 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 05/15/26 | 900,000 | 857,352 |
3.30%, 01/27/27 | 350,000 | 330,052 |
2.20%, 02/09/27 (a) | 200,000 | 180,112 |
1.70%, 05/15/27 (a) | 100,000 | 87,946 |
4.15%, 07/27/27 (a) | 300,000 | 292,827 |
3.50%, 05/15/29 | 1,000,000 | 919,711 |
1.95%, 05/15/30 (a) | 500,000 | 407,994 |
2.72%, 02/09/32 (a) | 150,000 | 126,026 |
5.88%, 11/29/32 | 300,000 | 320,638 |
4.15%, 05/15/39 | 650,000 | 561,118 |
2.85%, 05/15/40 (a) | 300,000 | 217,701 |
4.00%, 06/20/42 | 375,000 | 311,864 |
4.70%, 02/19/46 | 200,000 | 177,910 |
4.25%, 05/15/49 | 950,000 | 790,220 |
2.95%, 05/15/50 (a) | 300,000 | 196,799 |
3.43%, 02/09/52 (a) | 100,000 | 70,760 |
7.13%, 12/01/96 | 100,000 | 124,418 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 150,000 | 136,663 |
1.35%, 07/15/27 (a) | 200,000 | 173,448 |
1.65%, 07/15/30 (a) | 150,000 | 120,933 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 350,000 | 326,668 |
3.60%, 01/15/30 (a) | 100,000 | 87,932 |
3.00%, 01/15/31 (a) | 300,000 | 249,105 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 150,000 | 134,286 |
3.75%, 08/15/29 (a) | 200,000 | 178,561 |
2.00%, 12/10/30 (a) | 150,000 | 114,463 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 100,000 | 98,794 |
4.60%, 04/06/27 (a) | 250,000 | 244,845 |
3.00%, 10/30/29 (a) | 200,000 | 173,873 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 500,000 | 499,353 |
4.10%, 03/15/29 (a) | 174,000 | 168,480 |
4.65%, 07/15/32 (a) | 300,000 | 294,416 |
5.00%, 03/15/49 (a) | 150,000 | 140,783 |
3.30%, 03/01/50 (a) | 250,000 | 181,934 |
5.25%, 07/15/62 (a) | 250,000 | 241,775 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 250,000 | 207,186 |
2.70%, 10/15/28 (a) | 100,000 | 75,436 |
3.15%, 10/15/31 (a) | 150,000 | 100,802 |
4.10%, 10/15/41 (a) | 200,000 | 119,190 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 150,000 | 146,914 |
3.75%, 03/15/26 (a) | 150,000 | 145,634 |
4.00%, 03/15/29 (a) | 300,000 | 285,948 |
1.90%, 06/15/30 (a) | 250,000 | 203,816 |
4.88%, 03/15/49 (a) | 245,000 | 234,358 |
2.88%, 06/15/50 (a) | 300,000 | 203,244 |
3.13%, 06/15/60 (a) | 100,000 | 66,205 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 150,000 | 144,410 |
4.38%, 05/15/30 (a) | 300,000 | 271,258 |
2.30%, 02/15/31 (a) | 250,000 | 191,877 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 150,000 | 133,012 |
2.45%, 04/15/28 (a) | 250,000 | 210,826 |
4.88%, 06/22/28 (a) | 164,000 | 156,195 |
2.95%, 04/15/31 (a) | 150,000 | 120,742 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 250,000 | 245,567 |
2.00%, 03/03/25 (a) | 200,000 | 189,582 |
2.95%, 11/21/26 (a) | 200,000 | 188,955 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 03/26/27 (a) | 300,000 | 286,327 |
2.95%, 06/01/29 (a) | 350,000 | 316,758 |
3.35%, 03/26/30 (a) | 500,000 | 458,690 |
2.00%, 11/18/31 (a) | 250,000 | 201,794 |
3.80%, 11/21/46 (a) | 125,000 | 105,119 |
3.95%, 02/26/48 (a) | 100,000 | 85,806 |
3.65%, 06/01/49 (a) | 300,000 | 244,916 |
3.85%, 03/26/50 (a) | 450,000 | 377,665 |
2.95%, 03/15/51 (a) | 250,000 | 178,230 |
Microchip Technology, Inc. | ||
0.97%, 02/15/24 | 400,000 | 380,360 |
0.98%, 09/01/24 | 300,000 | 278,333 |
4.25%, 09/01/25 (a) | 300,000 | 291,459 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 50,000 | 49,317 |
4.19%, 02/15/27 (a) | 200,000 | 190,285 |
5.33%, 02/06/29 (a) | 300,000 | 288,299 |
4.66%, 02/15/30 (a) | 350,000 | 317,800 |
2.70%, 04/15/32 (a) | 350,000 | 262,905 |
3.37%, 11/01/41 (a) | 250,000 | 167,607 |
Microsoft Corp. | ||
2.88%, 02/06/24 (a) | 567,000 | 556,425 |
2.70%, 02/12/25 (a) | 550,000 | 529,158 |
3.13%, 11/03/25 (a) | 900,000 | 869,843 |
2.40%, 08/08/26 (a) | 1,250,000 | 1,166,956 |
3.30%, 02/06/27 (a) | 1,225,000 | 1,182,042 |
3.50%, 02/12/35 (a) | 525,000 | 476,604 |
4.20%, 11/03/35 (a) | 150,000 | 145,439 |
3.45%, 08/08/36 (a) | 450,000 | 399,704 |
4.10%, 02/06/37 (a) | 375,000 | 355,815 |
3.50%, 11/15/42 | 50,000 | 42,070 |
3.75%, 02/12/45 (a) | 75,000 | 65,964 |
4.45%, 11/03/45 (a) | 200,000 | 189,764 |
3.70%, 08/08/46 (a) | 550,000 | 470,882 |
4.25%, 02/06/47 (a) | 300,000 | 282,720 |
2.53%, 06/01/50 (a) | 1,825,000 | 1,215,558 |
2.92%, 03/17/52 (a) | 1,794,000 | 1,279,721 |
4.00%, 02/12/55 (a) | 200,000 | 176,558 |
3.95%, 08/08/56 (a) | 200,000 | 171,183 |
4.50%, 02/06/57 (a) | 250,000 | 238,448 |
2.68%, 06/01/60 (a) | 1,035,000 | 669,439 |
3.04%, 03/17/62 (a) | 491,000 | 342,016 |
Moody's Corp. | ||
4.88%, 02/15/24 (a) | 100,000 | 99,716 |
3.75%, 03/24/25 (a) | 250,000 | 243,467 |
3.25%, 01/15/28 (a) | 100,000 | 92,547 |
4.25%, 02/01/29 (a) | 200,000 | 192,069 |
2.00%, 08/19/31 (a) | 200,000 | 158,879 |
4.25%, 08/08/32 (a) | 150,000 | 140,701 |
2.75%, 08/19/41 (a) | 200,000 | 140,021 |
5.25%, 07/15/44 | 100,000 | 96,487 |
4.88%, 12/17/48 (a) | 50,000 | 45,325 |
3.25%, 05/20/50 (a) | 50,000 | 34,589 |
3.75%, 02/25/52 (a) | 100,000 | 77,179 |
2.55%, 08/18/60 (a) | 150,000 | 84,700 |
3.10%, 11/29/61 (a) | 150,000 | 94,953 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 200,000 | 194,397 |
4.60%, 05/23/29 (a) | 250,000 | 237,962 |
2.30%, 11/15/30 (a) | 300,000 | 235,615 |
2.75%, 05/24/31 (a) | 250,000 | 199,924 |
5.60%, 06/01/32 (a) | 200,000 | 195,520 |
5.50%, 09/01/44 | 100,000 | 90,705 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 50,000 | 48,445 |
1.88%, 06/22/25 (a) | 250,000 | 230,561 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.38%, 06/22/27 (a) | 175,000 | 155,903 |
2.70%, 06/22/30 (a) | 250,000 | 205,581 |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 250,000 | 235,974 |
3.20%, 09/16/26 (a) | 400,000 | 380,690 |
2.85%, 04/01/30 (a) | 500,000 | 437,403 |
2.00%, 06/15/31 (a) | 450,000 | 361,830 |
3.50%, 04/01/40 (a) | 375,000 | 304,213 |
3.50%, 04/01/50 (a) | 550,000 | 416,431 |
3.70%, 04/01/60 (a) | 150,000 | 111,974 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a) | 250,000 | 248,107 |
5.35%, 03/01/26 (a) | 200,000 | 198,660 |
5.55%, 12/01/28 (a) | 250,000 | 251,059 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 200,000 | 188,439 |
3.88%, 06/18/26 (a) | 250,000 | 238,228 |
3.15%, 05/01/27 (a) | 300,000 | 273,863 |
4.30%, 06/18/29 (a) | 350,000 | 324,717 |
3.40%, 05/01/30 (a) | 450,000 | 389,159 |
2.65%, 02/15/32 (a) | 300,000 | 235,119 |
3.25%, 05/11/41 (a) | 250,000 | 174,803 |
3.25%, 11/30/51 (a) | 350,000 | 219,490 |
Oracle Corp. | ||
3.40%, 07/08/24 (a) | 400,000 | 390,228 |
2.95%, 11/15/24 (a) | 570,000 | 548,902 |
2.50%, 04/01/25 (a) | 1,000,000 | 943,217 |
2.95%, 05/15/25 (a) | 500,000 | 475,112 |
5.80%, 11/10/25 | 300,000 | 306,556 |
1.65%, 03/25/26 (a) | 800,000 | 717,607 |
2.65%, 07/15/26 (a) | 756,000 | 695,728 |
2.80%, 04/01/27 (a) | 650,000 | 593,221 |
3.25%, 11/15/27 (a) | 850,000 | 781,412 |
2.30%, 03/25/28 (a) | 650,000 | 564,286 |
6.15%, 11/09/29 (a) | 350,000 | 364,180 |
2.95%, 04/01/30 (a) | 950,000 | 812,137 |
3.25%, 05/15/30 (a) | 150,000 | 130,372 |
2.88%, 03/25/31 (a) | 1,000,000 | 830,606 |
6.25%, 11/09/32 (a) | 650,000 | 683,341 |
4.30%, 07/08/34 (a) | 400,000 | 352,672 |
3.90%, 05/15/35 (a) | 350,000 | 292,193 |
3.85%, 07/15/36 (a) | 450,000 | 368,538 |
3.80%, 11/15/37 (a) | 525,000 | 414,554 |
6.50%, 04/15/38 | 400,000 | 416,336 |
6.13%, 07/08/39 | 350,000 | 349,318 |
3.60%, 04/01/40 (a) | 850,000 | 628,135 |
5.38%, 07/15/40 | 675,000 | 619,807 |
3.65%, 03/25/41 (a) | 600,000 | 443,964 |
4.50%, 07/08/44 (a) | 250,000 | 201,562 |
4.13%, 05/15/45 (a) | 500,000 | 378,175 |
4.00%, 07/15/46 (a) | 800,000 | 588,029 |
4.00%, 11/15/47 (a) | 475,000 | 348,884 |
3.60%, 04/01/50 (a) | 1,200,000 | 818,487 |
3.95%, 03/25/51 (a) | 840,000 | 605,151 |
6.90%, 11/09/52 (a) | 700,000 | 757,338 |
4.38%, 05/15/55 (a) | 375,000 | 288,278 |
3.85%, 04/01/60 (a) | 1,000,000 | 669,925 |
4.10%, 03/25/61 (a) | 450,000 | 314,375 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 300,000 | 287,519 |
1.65%, 06/01/25 (a) | 300,000 | 278,334 |
2.65%, 10/01/26 (a) | 400,000 | 369,855 |
3.90%, 06/01/27 (a) | 150,000 | 144,649 |
2.85%, 10/01/29 (a) | 425,000 | 370,799 |
2.30%, 06/01/30 (a) | 300,000 | 246,524 |
4.40%, 06/01/32 (a) | 300,000 | 283,254 |
3.25%, 06/01/50 (a) | 225,000 | 154,968 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.05%, 06/01/52 (a) | 300,000 | 274,167 |
5.25%, 06/01/62 (a) | 100,000 | 91,512 |
Qorvo, Inc. | ||
1.75%, 12/15/24 (a)(c) | 150,000 | 138,962 |
4.38%, 10/15/29 (a) | 250,000 | 221,245 |
QUALCOMM, Inc. | ||
2.90%, 05/20/24 (a) | 275,000 | 268,388 |
3.45%, 05/20/25 (a) | 450,000 | 438,010 |
3.25%, 05/20/27 (a) | 350,000 | 333,504 |
1.30%, 05/20/28 (a) | 384,000 | 325,792 |
2.15%, 05/20/30 (a) | 400,000 | 338,383 |
1.65%, 05/20/32 (a) | 350,000 | 270,494 |
4.65%, 05/20/35 (a) | 375,000 | 364,658 |
4.80%, 05/20/45 (a) | 450,000 | 423,872 |
4.30%, 05/20/47 (a) | 400,000 | 347,836 |
3.25%, 05/20/50 (a) | 175,000 | 127,722 |
4.50%, 05/20/52 (a) | 300,000 | 264,245 |
6.00%, 05/20/53 (a) | 350,000 | 374,353 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 350,000 | 325,000 |
3.00%, 05/22/30 (a) | 200,000 | 170,823 |
4.75%, 05/20/32 (a) | 150,000 | 144,309 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 150,000 | 140,481 |
2.45%, 03/01/27 (a)(c) | 400,000 | 365,721 |
4.75%, 08/01/28 (a)(c) | 150,000 | 148,444 |
2.70%, 03/01/29 (a)(c) | 350,000 | 308,413 |
4.25%, 05/01/29 (a)(c) | 200,000 | 191,187 |
2.50%, 12/01/29 (a) | 200,000 | 171,403 |
1.25%, 08/15/30 (a) | 200,000 | 154,180 |
2.90%, 03/01/32 (a)(c) | 400,000 | 341,713 |
3.25%, 12/01/49 (a) | 200,000 | 146,031 |
3.70%, 03/01/52 (a)(c) | 300,000 | 234,381 |
2.30%, 08/15/60 (a) | 200,000 | 110,558 |
3.90%, 03/01/62 (a)(c) | 150,000 | 116,955 |
Salesforce, Inc. | ||
0.63%, 07/15/24 (a) | 200,000 | 187,946 |
3.70%, 04/11/28 (a) | 425,000 | 408,793 |
1.50%, 07/15/28 (a) | 300,000 | 256,638 |
1.95%, 07/15/31 (a) | 500,000 | 400,839 |
2.70%, 07/15/41 (a) | 400,000 | 286,429 |
2.90%, 07/15/51 (a) | 550,000 | 366,302 |
3.05%, 07/15/61 (a) | 300,000 | 194,342 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 450,000 | 344,097 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 200,000 | 176,326 |
3.00%, 06/01/31 (a) | 150,000 | 117,822 |
TD SYNNEX Corp. | ||
1.25%, 08/09/24 (a) | 250,000 | 232,417 |
1.75%, 08/09/26 (a) | 300,000 | 255,374 |
2.65%, 08/09/31 (a) | 250,000 | 189,649 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 200,000 | 162,188 |
Tencent Music Entertainment Group | ||
2.00%, 09/03/30 (a) | 200,000 | 151,701 |
Texas Instruments, Inc. | ||
1.38%, 03/12/25 (a) | 300,000 | 280,442 |
1.13%, 09/15/26 (a) | 200,000 | 176,916 |
2.90%, 11/03/27 (a) | 400,000 | 373,268 |
2.25%, 09/04/29 (a) | 350,000 | 303,343 |
1.75%, 05/04/30 (a) | 250,000 | 206,193 |
1.90%, 09/15/31 (a) | 150,000 | 121,685 |
3.88%, 03/15/39 (a) | 50,000 | 44,204 |
4.15%, 05/15/48 (a) | 550,000 | 490,763 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Thomson Reuters Corp. | ||
5.85%, 04/15/40 | 175,000 | 169,902 |
5.65%, 11/23/43 (a) | 150,000 | 137,870 |
Trimble, Inc. | ||
4.75%, 12/01/24 (a) | 100,000 | 99,073 |
4.90%, 06/15/28 (a) | 175,000 | 168,404 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 300,000 | 266,711 |
3.88%, 04/22/27 (a) | 300,000 | 288,048 |
4.13%, 04/22/29 (a) | 200,000 | 190,569 |
2.50%, 10/25/31 (a) | 300,000 | 247,007 |
4.25%, 04/22/32 (a) | 300,000 | 289,422 |
3.13%, 10/25/41 (a) | 200,000 | 153,958 |
3.25%, 10/25/51 (a) | 350,000 | 254,963 |
4.50%, 04/22/52 (a) | 300,000 | 270,913 |
Tyco Electronics Group S.A. | ||
3.45%, 08/01/24 (a) | 165,000 | 161,265 |
3.70%, 02/15/26 (a) | 150,000 | 144,738 |
3.13%, 08/15/27 (a) | 150,000 | 138,598 |
7.13%, 10/01/37 | 100,000 | 114,692 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 150,000 | 150,052 |
4.75%, 07/15/27 (a) | 100,000 | 97,573 |
2.70%, 06/15/31 (a) | 250,000 | 205,124 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 300,000 | 292,299 |
4.13%, 03/15/29 (a) | 175,000 | 163,700 |
5.50%, 06/15/45 (a) | 150,000 | 141,278 |
3.63%, 05/15/50 (a) | 100,000 | 69,521 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 1,000,000 | 964,814 |
1.90%, 04/15/27 (a) | 400,000 | 361,144 |
0.75%, 08/15/27 (a) | 150,000 | 128,130 |
2.75%, 09/15/27 (a) | 150,000 | 139,216 |
2.05%, 04/15/30 (a) | 450,000 | 381,769 |
1.10%, 02/15/31 (a) | 350,000 | 269,646 |
4.15%, 12/14/35 (a) | 500,000 | 471,820 |
2.70%, 04/15/40 (a) | 250,000 | 189,551 |
4.30%, 12/14/45 (a) | 1,050,000 | 959,856 |
3.65%, 09/15/47 (a) | 50,000 | 41,359 |
2.00%, 08/15/50 (a) | 650,000 | 386,127 |
VMware, Inc. | ||
4.50%, 05/15/25 (a) | 350,000 | 343,884 |
1.40%, 08/15/26 (a) | 500,000 | 436,369 |
3.90%, 08/21/27 (a) | 500,000 | 467,172 |
4.70%, 05/15/30 (a) | 200,000 | 186,697 |
2.20%, 08/15/31 (a) | 500,000 | 380,128 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 700,000 | 660,106 |
2.85%, 02/01/29 (a) | 150,000 | 116,383 |
3.10%, 02/01/32 (a) | 150,000 | 108,293 |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 200,000 | 191,156 |
1.35%, 03/15/26 (a) | 200,000 | 175,384 |
2.75%, 03/15/31 (a) | 100,000 | 75,889 |
6.20%, 11/17/36 | 50,000 | 49,815 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 300,000 | 281,052 |
3.70%, 04/01/29 (a) | 300,000 | 275,539 |
3.80%, 04/01/32 (a) | 400,000 | 353,538 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 250,000 | 243,234 |
2.38%, 06/01/30 (a) | 250,000 | 210,730 |
161,246,484 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Transportation 0.5% | ||
American Airlines 2015-2 Class AA Pass-Through Trust | ||
3.60%, 09/22/27 | 138,419 | 124,926 |
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 01/15/28 | 178,595 | 159,974 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 06/15/28 | 359,750 | 314,302 |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 10/15/29 | 37,822 | 32,969 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 02/15/32 | 302,550 | 253,283 |
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 100,000 | 94,588 |
Burlington Northern Santa Fe LLC | ||
3.40%, 09/01/24 (a) | 300,000 | 293,582 |
3.00%, 04/01/25 (a) | 240,000 | 231,154 |
7.00%, 12/15/25 | 150,000 | 160,186 |
3.25%, 06/15/27 (a) | 200,000 | 189,581 |
6.20%, 08/15/36 | 100,000 | 108,840 |
6.15%, 05/01/37 | 50,000 | 54,638 |
5.75%, 05/01/40 (a) | 50,000 | 52,344 |
5.05%, 03/01/41 (a) | 200,000 | 195,824 |
5.40%, 06/01/41 (a) | 250,000 | 252,805 |
4.40%, 03/15/42 (a) | 250,000 | 225,264 |
4.38%, 09/01/42 (a) | 350,000 | 311,434 |
4.45%, 03/15/43 (a) | 200,000 | 179,417 |
5.15%, 09/01/43 (a) | 400,000 | 393,049 |
4.90%, 04/01/44 (a) | 150,000 | 142,343 |
4.55%, 09/01/44 (a) | 425,000 | 386,334 |
4.70%, 09/01/45 (a) | 200,000 | 184,235 |
3.90%, 08/01/46 (a) | 100,000 | 81,546 |
4.13%, 06/15/47 (a) | 225,000 | 191,700 |
4.05%, 06/15/48 (a) | 400,000 | 334,873 |
4.15%, 12/15/48 (a) | 300,000 | 255,974 |
3.05%, 02/15/51 (a) | 225,000 | 156,934 |
3.30%, 09/15/51 (a) | 450,000 | 329,470 |
2.88%, 06/15/52 (a) | 150,000 | 100,573 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 150,000 | 144,726 |
6.90%, 07/15/28 | 150,000 | 165,839 |
3.85%, 08/05/32 (a) | 250,000 | 232,513 |
6.38%, 11/15/37 | 150,000 | 164,861 |
3.20%, 08/02/46 (a) | 250,000 | 184,332 |
3.65%, 02/03/48 (a) | 250,000 | 200,253 |
4.45%, 01/20/49 (a) | 200,000 | 181,001 |
2.45%, 05/01/50 (a) | 300,000 | 189,217 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 450,000 | 420,062 |
2.90%, 02/01/25 (a) | 271,000 | 259,481 |
4.00%, 06/01/28 (a) | 200,000 | 191,497 |
2.05%, 03/05/30 (a) | 200,000 | 164,042 |
7.13%, 10/15/31 | 100,000 | 111,303 |
2.45%, 12/02/31 (a) | 450,000 | 374,766 |
4.80%, 09/15/35 (a) | 145,000 | 136,096 |
5.95%, 05/15/37 | 100,000 | 103,928 |
3.00%, 12/02/41 (a) | 300,000 | 225,777 |
4.80%, 08/01/45 (a) | 150,000 | 137,037 |
3.10%, 12/02/51 (a) | 500,000 | 341,211 |
6.13%, 09/15/15 (a) | 239,000 | 241,060 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 200,000 | 189,263 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 150,000 | 146,692 |
3.35%, 11/01/25 (a) | 150,000 | 144,109 |
2.60%, 11/01/26 (a) | 250,000 | 230,887 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.25%, 06/01/27 (a) | 378,000 | 354,665 |
3.80%, 03/01/28 (a) | 325,000 | 310,482 |
2.40%, 02/15/30 (a) | 275,000 | 232,979 |
6.00%, 10/01/36 | 350,000 | 367,432 |
6.15%, 05/01/37 | 250,000 | 267,582 |
6.22%, 04/30/40 | 175,000 | 189,773 |
5.50%, 04/15/41 (a) | 150,000 | 151,106 |
4.75%, 05/30/42 (a) | 50,000 | 45,784 |
4.40%, 03/01/43 (a) | 150,000 | 130,292 |
4.10%, 03/15/44 (a) | 250,000 | 209,820 |
3.80%, 11/01/46 (a) | 250,000 | 197,599 |
4.30%, 03/01/48 (a) | 50,000 | 42,783 |
4.75%, 11/15/48 (a) | 250,000 | 227,722 |
4.50%, 03/15/49 (a) | 150,000 | 131,609 |
3.35%, 09/15/49 (a) | 200,000 | 144,316 |
3.80%, 04/15/50 (a) | 150,000 | 116,923 |
3.95%, 05/01/50 (a) | 150,000 | 120,926 |
2.50%, 05/15/51 (a) | 150,000 | 91,533 |
4.50%, 08/01/54 (a) | 150,000 | 128,520 |
4.25%, 11/01/66 (a) | 250,000 | 197,080 |
4.65%, 03/01/68 (a) | 125,000 | 106,406 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 04/25/24 | 188,000 | 182,224 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 06/10/28 | 148,840 | 127,692 |
FedEx Corp 2020-1 Class AA Pass-Through Trust | ||
1.88%, 02/20/34 | 223,264 | 181,996 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 250,000 | 238,025 |
3.40%, 02/15/28 (a) | 150,000 | 138,935 |
4.20%, 10/17/28 (a) | 150,000 | 142,999 |
3.10%, 08/05/29 (a) | 350,000 | 308,414 |
4.25%, 05/15/30 (a) | 300,000 | 283,058 |
4.90%, 01/15/34 | 112,000 | 106,926 |
3.90%, 02/01/35 | 150,000 | 127,813 |
3.25%, 05/15/41 (a) | 250,000 | 179,414 |
3.88%, 08/01/42 | 200,000 | 152,449 |
5.10%, 01/15/44 | 300,000 | 267,801 |
4.10%, 02/01/45 | 227,000 | 176,107 |
4.75%, 11/15/45 (a) | 265,000 | 224,495 |
4.55%, 04/01/46 (a) | 400,000 | 326,545 |
4.40%, 01/15/47 (a) | 150,000 | 119,531 |
4.05%, 02/15/48 (a) | 300,000 | 228,134 |
4.95%, 10/17/48 (a) | 250,000 | 218,977 |
5.25%, 05/15/50 (a)(d) | 400,000 | 367,711 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 225,000 | 193,757 |
2.65%, 07/15/31 (a) | 50,000 | 37,085 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 225,000 | 218,325 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 05/15/32 | 129,882 | 107,114 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
Series 1A 4.00%, 11/15/32 | 217,282 | 193,132 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 150,000 | 129,865 |
4.30%, 05/15/43 (a) | 100,000 | 83,929 |
4.95%, 08/15/45 (a) | 100,000 | 90,702 |
4.70%, 05/01/48 (a) | 150,000 | 130,948 |
3.50%, 05/01/50 (a) | 200,000 | 143,618 |
4.20%, 11/15/69 (a) | 150,000 | 112,137 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 200,000 | 182,936 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Norfolk Southern Corp. | ||
3.85%, 01/15/24 (a) | 50,000 | 49,551 |
2.90%, 06/15/26 (a) | 300,000 | 281,428 |
3.15%, 06/01/27 (a) | 100,000 | 93,298 |
2.55%, 11/01/29 (a) | 200,000 | 171,742 |
2.30%, 05/15/31 (a) | 200,000 | 164,894 |
4.84%, 10/01/41 | 200,000 | 184,551 |
3.95%, 10/01/42 (a) | 100,000 | 82,422 |
4.45%, 06/15/45 (a) | 250,000 | 214,475 |
4.65%, 01/15/46 (a) | 150,000 | 133,486 |
3.94%, 11/01/47 (a) | 250,000 | 201,718 |
4.15%, 02/28/48 (a) | 275,000 | 229,060 |
4.10%, 05/15/49 (a) | 250,000 | 203,718 |
3.40%, 11/01/49 (a) | 250,000 | 180,152 |
3.05%, 05/15/50 (a) | 300,000 | 201,887 |
4.05%, 08/15/52 (a) | 350,000 | 282,584 |
4.55%, 06/01/53 (a) | 200,000 | 174,902 |
3.16%, 05/15/55 (a) | 375,000 | 249,666 |
Ryder System, Inc. | ||
3.65%, 03/18/24 (a) | 150,000 | 147,008 |
2.50%, 09/01/24 (a) | 200,000 | 190,556 |
3.35%, 09/01/25 (a) | 135,000 | 128,233 |
1.75%, 09/01/26 (a) | 50,000 | 44,253 |
2.90%, 12/01/26 (a) | 200,000 | 182,487 |
4.30%, 06/15/27 (a) | 50,000 | 47,982 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 375,000 | 377,238 |
3.00%, 11/15/26 (a) | 100,000 | 92,097 |
5.13%, 06/15/27 (a) | 475,000 | 470,490 |
3.45%, 11/16/27 (a) | 100,000 | 92,099 |
2.63%, 02/10/30 (a) | 150,000 | 124,654 |
Spirit Airlines Pass-Through Trust 2015-1A | ||
4.10%, 04/01/28 | 30,576 | 26,830 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 200,000 | 154,576 |
Union Pacific Corp. | ||
3.65%, 02/15/24 (a) | 250,000 | 246,442 |
3.15%, 03/01/24 (a) | 250,000 | 245,112 |
3.75%, 03/15/24 (a) | 100,000 | 98,493 |
3.25%, 08/15/25 (a) | 200,000 | 192,879 |
2.75%, 03/01/26 (a) | 200,000 | 189,419 |
2.15%, 02/05/27 (a) | 375,000 | 339,058 |
6.63%, 02/01/29 | 200,000 | 218,866 |
3.70%, 03/01/29 (a) | 300,000 | 283,445 |
2.40%, 02/05/30 (a) | 250,000 | 214,275 |
2.80%, 02/14/32 (a) | 400,000 | 344,661 |
3.38%, 02/01/35 (a) | 300,000 | 255,129 |
2.89%, 04/06/36 (a) | 250,000 | 198,792 |
3.60%, 09/15/37 (a) | 200,000 | 170,026 |
3.55%, 08/15/39 (a) | 300,000 | 248,157 |
3.20%, 05/20/41 (a) | 250,000 | 196,147 |
4.05%, 11/15/45 (a) | 120,000 | 99,479 |
4.05%, 03/01/46 (a) | 250,000 | 207,238 |
4.00%, 04/15/47 (a) | 200,000 | 164,967 |
4.50%, 09/10/48 (a) | 125,000 | 110,531 |
4.30%, 03/01/49 (a) | 250,000 | 215,226 |
3.25%, 02/05/50 (a) | 550,000 | 402,178 |
3.80%, 10/01/51 (a) | 250,000 | 200,413 |
3.50%, 02/14/53 (a) | 400,000 | 302,038 |
3.88%, 02/01/55 (a) | 150,000 | 119,191 |
3.95%, 08/15/59 (a) | 175,000 | 138,077 |
3.84%, 03/20/60 (a) | 600,000 | 467,198 |
3.55%, 05/20/61 (a) | 200,000 | 146,436 |
2.97%, 09/16/62 (a) | 400,000 | 257,663 |
4.10%, 09/15/67 (a) | 225,000 | 178,127 |
3.75%, 02/05/70 (a) | 250,000 | 182,868 |
3.80%, 04/06/71 (a) | 350,000 | 259,389 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
United Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 04/11/24 | 151,208 | 147,737 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 08/15/25 | 361,864 | 336,881 |
United Airlines 2014-1 Class A Pass-Through Trust | ||
4.00%, 04/11/26 | 85,353 | 78,596 |
United Airlines 2014-2 Class A Pass-Through Trust | ||
3.75%, 09/03/26 | 202,442 | 185,702 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 07/07/28 | 294,468 | 262,535 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 10/07/28 | 125,067 | 106,997 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 03/01/30 | 202,278 | 174,539 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 08/25/31 | 193,302 | 171,474 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 05/01/32 | 176,905 | 143,273 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 10/15/27 | 59,279 | 58,479 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 01/15/26 | 228,600 | 216,547 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 150,000 | 144,094 |
2.80%, 11/15/24 (a) | 50,000 | 48,300 |
3.90%, 04/01/25 (a) | 350,000 | 345,072 |
3.05%, 11/15/27 (a) | 250,000 | 235,485 |
3.40%, 03/15/29 (a) | 100,000 | 93,165 |
2.50%, 09/01/29 (a) | 150,000 | 130,773 |
4.45%, 04/01/30 (a) | 325,000 | 320,445 |
6.20%, 01/15/38 | 400,000 | 443,376 |
5.20%, 04/01/40 (a) | 200,000 | 199,983 |
4.88%, 11/15/40 (a) | 100,000 | 97,059 |
3.63%, 10/01/42 | 100,000 | 83,240 |
3.40%, 11/15/46 (a) | 200,000 | 154,572 |
3.75%, 11/15/47 (a) | 300,000 | 246,390 |
4.25%, 03/15/49 (a) | 210,000 | 186,892 |
3.40%, 09/01/49 (a) | 200,000 | 155,091 |
5.30%, 04/01/50 (a) | 350,000 | 364,693 |
37,361,568 | ||
942,001,444 | ||
Utility 2.0% | ||
Electric 1.8% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 95,000 | 89,157 |
2.10%, 07/01/30 (a) | 300,000 | 243,411 |
4.15%, 05/01/49 (a) | 200,000 | 157,879 |
3.45%, 01/15/50 (a) | 200,000 | 141,856 |
5.25%, 05/15/52 (a) | 175,000 | 168,607 |
AEP Transmission Co. LLC | ||
3.75%, 12/01/47 (a) | 250,000 | 194,658 |
4.25%, 09/15/48 (a) | 210,000 | 174,707 |
3.80%, 06/15/49 (a) | 100,000 | 78,545 |
3.65%, 04/01/50 (a) | 150,000 | 115,301 |
AES Corp. | ||
1.38%, 01/15/26 (a) | 200,000 | 178,842 |
2.45%, 01/15/31 (a) | 350,000 | 278,388 |
Alabama Power Co. | ||
1.45%, 09/15/30 (a) | 250,000 | 195,098 |
3.94%, 09/01/32 (a) | 200,000 | 183,780 |
6.00%, 03/01/39 | 225,000 | 234,631 |
3.85%, 12/01/42 | 150,000 | 120,820 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.30%, 01/02/46 (a) | 150,000 | 124,985 |
3.70%, 12/01/47 (a) | 200,000 | 154,080 |
4.30%, 07/15/48 (a) | 100,000 | 83,982 |
3.45%, 10/01/49 (a) | 200,000 | 144,841 |
3.13%, 07/15/51 (a) | 275,000 | 189,880 |
3.00%, 03/15/52 (a) | 150,000 | 100,157 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 250,000 | 239,170 |
3.65%, 02/15/26 (a) | 400,000 | 383,805 |
3.50%, 01/15/31 (a) | 300,000 | 265,515 |
Ameren Illinois Co. | ||
3.85%, 09/01/32 (a) | 200,000 | 187,116 |
4.15%, 03/15/46 (a) | 175,000 | 148,078 |
3.70%, 12/01/47 (a) | 150,000 | 119,526 |
4.50%, 03/15/49 (a) | 150,000 | 138,592 |
3.25%, 03/15/50 (a) | 100,000 | 72,311 |
American Electric Power Co., Inc. | ||
3.20%, 11/13/27 (a) | 50,000 | 46,014 |
4.30%, 12/01/28 (a) | 400,000 | 382,581 |
2.30%, 03/01/30 (a) | 200,000 | 164,071 |
5.95%, 11/01/32 (a) | 200,000 | 209,437 |
3.25%, 03/01/50 (a) | 150,000 | 101,410 |
3.88%, 02/15/62 (a)(b) | 200,000 | 157,583 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 300,000 | 290,496 |
3.30%, 06/01/27 (a) | 300,000 | 282,746 |
7.00%, 04/01/38 | 210,000 | 235,224 |
4.45%, 06/01/45 (a) | 150,000 | 124,194 |
4.50%, 03/01/49 (a) | 150,000 | 124,578 |
3.70%, 05/01/50 (a) | 200,000 | 147,082 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 250,000 | 239,066 |
5.05%, 09/01/41 (a) | 100,000 | 89,458 |
4.35%, 11/15/45 (a) | 175,000 | 138,417 |
3.75%, 05/15/46 (a) | 100,000 | 70,994 |
4.20%, 08/15/48 (a) | 100,000 | 76,700 |
4.25%, 03/01/49 (a) | 150,000 | 115,190 |
3.35%, 05/15/50 (a) | 300,000 | 199,848 |
2.65%, 09/15/50 (a) | 250,000 | 145,128 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 300,000 | 288,143 |
3.20%, 04/15/25 (a) | 175,000 | 167,483 |
3.80%, 06/01/29 (a) | 195,000 | 177,462 |
Avista Corp. | ||
4.35%, 06/01/48 (a) | 150,000 | 125,944 |
Baltimore Gas and Electric Co. | ||
6.35%, 10/01/36 | 100,000 | 107,269 |
3.50%, 08/15/46 (a) | 250,000 | 188,376 |
3.75%, 08/15/47 (a) | 175,000 | 136,294 |
4.25%, 09/15/48 (a) | 150,000 | 126,571 |
3.20%, 09/15/49 (a) | 100,000 | 70,963 |
2.90%, 06/15/50 (a) | 150,000 | 100,120 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 150,000 | 147,472 |
4.05%, 04/15/25 (a) | 600,000 | 591,716 |
3.25%, 04/15/28 (a) | 325,000 | 301,554 |
3.70%, 07/15/30 (a) | 200,000 | 183,549 |
6.13%, 04/01/36 | 500,000 | 526,190 |
5.95%, 05/15/37 | 150,000 | 155,619 |
5.15%, 11/15/43 (a) | 260,000 | 248,657 |
4.50%, 02/01/45 (a) | 250,000 | 217,883 |
3.80%, 07/15/48 (a) | 250,000 | 194,044 |
4.45%, 01/15/49 (a) | 300,000 | 260,177 |
4.25%, 10/15/50 (a) | 200,000 | 167,139 |
2.85%, 05/15/51 (a) | 350,000 | 230,408 |
4.60%, 05/01/53 (a)(c) | 300,000 | 263,975 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Black Hills Corp. | ||
1.04%, 08/23/24 (a) | 200,000 | 186,784 |
3.05%, 10/15/29 (a) | 150,000 | 127,899 |
2.50%, 06/15/30 (a) | 200,000 | 161,365 |
4.35%, 05/01/33 (a) | 150,000 | 132,835 |
4.20%, 09/15/46 (a) | 100,000 | 76,602 |
3.88%, 10/15/49 (a) | 100,000 | 71,676 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 100,000 | 91,860 |
3.00%, 03/01/32 (a) | 250,000 | 216,885 |
4.45%, 10/01/32 (a) | 200,000 | 193,660 |
6.95%, 03/15/33 | 50,000 | 56,388 |
3.55%, 08/01/42 (a) | 128,000 | 101,675 |
3.95%, 03/01/48 (a) | 200,000 | 164,749 |
4.25%, 02/01/49 (a) | 250,000 | 218,848 |
2.90%, 07/01/50 (a) | 150,000 | 101,646 |
3.60%, 03/01/52 (a) | 250,000 | 193,408 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 200,000 | 192,095 |
4.25%, 11/01/28 (a) | 120,000 | 113,281 |
2.95%, 03/01/30 (a) | 400,000 | 344,432 |
3.70%, 09/01/49 (a) | 200,000 | 150,718 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 170,000 | 160,818 |
4.97%, 05/01/46 (a) | 100,000 | 85,129 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 350,000 | 327,050 |
3.45%, 08/15/27 (a) | 200,000 | 185,591 |
4.88%, 03/01/44 (a) | 100,000 | 91,198 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 123,000 | 114,474 |
3.70%, 08/15/28 (a) | 600,000 | 566,020 |
6.45%, 01/15/38 | 300,000 | 331,171 |
3.80%, 10/01/42 (a) | 200,000 | 163,637 |
4.60%, 08/15/43 (a) | 150,000 | 135,856 |
4.70%, 01/15/44 (a) | 150,000 | 137,078 |
3.70%, 03/01/45 (a) | 100,000 | 78,155 |
4.35%, 11/15/45 (a) | 150,000 | 128,884 |
3.65%, 06/15/46 (a) | 250,000 | 190,002 |
3.75%, 08/15/47 (a) | 200,000 | 156,907 |
4.00%, 03/01/48 (a) | 150,000 | 123,899 |
4.00%, 03/01/49 (a) | 200,000 | 163,225 |
3.20%, 11/15/49 (a) | 100,000 | 71,403 |
3.00%, 03/01/50 (a) | 300,000 | 206,749 |
3.13%, 03/15/51 (a) | 250,000 | 174,453 |
Connecticut Light and Power Co. | ||
0.75%, 12/01/25 (a) | 50,000 | 44,794 |
3.20%, 03/15/27 (a) | 200,000 | 188,326 |
2.05%, 07/01/31 (a) | 350,000 | 282,786 |
4.30%, 04/15/44 (a) | 150,000 | 129,409 |
4.00%, 04/01/48 (a) | 250,000 | 209,221 |
Consolidated Edison Co. of New York, Inc. | ||
4.00%, 12/01/28 (a) | 200,000 | 191,539 |
3.35%, 04/01/30 (a) | 400,000 | 359,868 |
5.30%, 03/01/35 | 150,000 | 148,015 |
5.85%, 03/15/36 | 150,000 | 152,611 |
6.75%, 04/01/38 | 200,000 | 219,975 |
5.50%, 12/01/39 | 250,000 | 245,640 |
5.70%, 06/15/40 | 150,000 | 149,678 |
4.20%, 03/15/42 | 100,000 | 83,749 |
3.95%, 03/01/43 (a) | 300,000 | 240,396 |
4.45%, 03/15/44 (a) | 275,000 | 237,041 |
4.50%, 12/01/45 (a) | 200,000 | 171,475 |
3.88%, 06/15/47 (a) | 250,000 | 193,948 |
4.13%, 05/15/49 (a) | 200,000 | 163,302 |
3.95%, 04/01/50 (a) | 350,000 | 278,375 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.63%, 12/01/54 (a) | 250,000 | 214,266 |
4.30%, 12/01/56 (a) | 200,000 | 162,080 |
4.00%, 11/15/57 (a) | 150,000 | 115,250 |
4.50%, 05/15/58 (a) | 290,000 | 243,338 |
3.70%, 11/15/59 (a) | 250,000 | 180,590 |
3.00%, 12/01/60 (a) | 200,000 | 125,728 |
3.60%, 06/15/61 (a) | 200,000 | 144,130 |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 250,000 | 239,767 |
Consumers Energy Co. | ||
3.95%, 05/15/43 (a) | 250,000 | 207,138 |
4.05%, 05/15/48 (a) | 200,000 | 167,097 |
4.35%, 04/15/49 (a) | 200,000 | 176,808 |
3.75%, 02/15/50 (a) | 150,000 | 118,339 |
3.10%, 08/15/50 (a) | 300,000 | 210,060 |
3.50%, 08/01/51 (a) | 100,000 | 76,404 |
2.50%, 05/01/60 (a) | 350,000 | 199,246 |
Dayton Power & Light Co. | ||
3.95%, 06/15/49 (a) | 150,000 | 117,234 |
Delmarva Power & Light Co. | ||
4.15%, 05/15/45 (a) | 200,000 | 162,684 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 150,000 | 121,090 |
5.30%, 05/15/33 | 100,000 | 101,067 |
6.05%, 01/15/38 | 250,000 | 263,505 |
5.45%, 02/01/41 (a) | 100,000 | 98,691 |
5.10%, 06/01/65 (a) | 200,000 | 186,544 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 | 225,000 | 217,079 |
3.90%, 10/01/25 (a) | 200,000 | 195,065 |
2.85%, 08/15/26 (a) | 300,000 | 277,673 |
3.60%, 03/15/27 (a) | 200,000 | 188,491 |
4.25%, 06/01/28 (a) | 350,000 | 334,172 |
3.38%, 04/01/30 (a) | 300,000 | 264,760 |
5.38%, 11/15/32 (a) | 250,000 | 248,715 |
6.30%, 03/15/33 | 45,000 | 47,559 |
5.25%, 08/01/33 | 300,000 | 294,401 |
5.95%, 06/15/35 | 150,000 | 151,157 |
7.00%, 06/15/38 | 100,000 | 107,335 |
4.90%, 08/01/41 (a) | 200,000 | 177,139 |
4.05%, 09/15/42 (a) | 200,000 | 157,088 |
4.70%, 12/01/44 (a) | 150,000 | 128,003 |
4.60%, 03/15/49 (a) | 150,000 | 128,042 |
5.75%, 10/01/54 (a)(b) | 100,000 | 94,391 |
DTE Electric Co. | ||
3.38%, 03/01/25 (a) | 150,000 | 145,707 |
2.25%, 03/01/30 (a) | 200,000 | 168,809 |
2.63%, 03/01/31 (a) | 300,000 | 255,257 |
4.00%, 04/01/43 (a) | 125,000 | 104,347 |
4.30%, 07/01/44 (a) | 150,000 | 130,277 |
3.70%, 03/15/45 (a) | 150,000 | 119,333 |
3.70%, 06/01/46 (a) | 100,000 | 78,100 |
3.75%, 08/15/47 (a) | 100,000 | 79,077 |
4.05%, 05/15/48 (a) | 175,000 | 146,082 |
3.95%, 03/01/49 (a) | 239,000 | 197,001 |
2.95%, 03/01/50 (a) | 50,000 | 34,362 |
3.25%, 04/01/51 (a) | 200,000 | 144,604 |
DTE Energy Co. | ||
2.53%, 10/01/24 | 170,000 | 162,599 |
4.22%, 11/01/24 | 400,000 | 394,052 |
2.85%, 10/01/26 (a) | 320,000 | 295,414 |
3.40%, 06/15/29 (a) | 250,000 | 222,932 |
2.95%, 03/01/30 (a) | 300,000 | 256,126 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 236,000 | 227,199 |
2.45%, 02/01/30 (a) | 250,000 | 213,725 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.45%, 10/15/32 | 100,000 | 108,069 |
6.10%, 06/01/37 | 150,000 | 156,850 |
6.00%, 01/15/38 | 200,000 | 210,440 |
6.05%, 04/15/38 | 250,000 | 264,458 |
5.30%, 02/15/40 | 250,000 | 248,176 |
4.25%, 12/15/41 (a) | 250,000 | 216,951 |
4.00%, 09/30/42 (a) | 200,000 | 165,645 |
3.75%, 06/01/45 (a) | 200,000 | 155,733 |
3.88%, 03/15/46 (a) | 150,000 | 118,601 |
3.70%, 12/01/47 (a) | 200,000 | 154,960 |
3.95%, 03/15/48 (a) | 200,000 | 161,455 |
3.20%, 08/15/49 (a) | 300,000 | 211,884 |
3.45%, 04/15/51 (a) | 150,000 | 110,651 |
Duke Energy Corp. | ||
3.75%, 04/15/24 (a) | 440,000 | 432,499 |
0.90%, 09/15/25 (a) | 200,000 | 179,186 |
2.65%, 09/01/26 (a) | 500,000 | 462,605 |
3.15%, 08/15/27 (a) | 400,000 | 369,677 |
3.40%, 06/15/29 (a) | 200,000 | 179,693 |
2.45%, 06/01/30 (a) | 500,000 | 412,533 |
2.55%, 06/15/31 (a) | 500,000 | 408,794 |
4.50%, 08/15/32 (a) | 250,000 | 235,341 |
4.80%, 12/15/45 (a) | 100,000 | 88,016 |
3.75%, 09/01/46 (a) | 200,000 | 149,310 |
3.95%, 08/15/47 (a) | 175,000 | 133,029 |
4.20%, 06/15/49 (a) | 200,000 | 159,096 |
3.50%, 06/15/51 (a) | 250,000 | 175,988 |
5.00%, 08/15/52 (a) | 250,000 | 224,453 |
3.25%, 01/15/82 (a)(b) | 100,000 | 73,759 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28 (a) | 100,000 | 95,108 |
2.50%, 12/01/29 (a) | 150,000 | 128,676 |
1.75%, 06/15/30 (a) | 275,000 | 219,565 |
6.35%, 09/15/37 | 150,000 | 162,128 |
6.40%, 06/15/38 | 300,000 | 331,338 |
5.65%, 04/01/40 | 325,000 | 329,164 |
3.85%, 11/15/42 (a) | 150,000 | 120,904 |
3.40%, 10/01/46 (a) | 300,000 | 216,451 |
4.20%, 07/15/48 (a) | 100,000 | 84,392 |
Duke Energy Indiana LLC | ||
6.12%, 10/15/35 | 100,000 | 102,955 |
6.35%, 08/15/38 | 200,000 | 217,175 |
6.45%, 04/01/39 | 200,000 | 216,494 |
4.90%, 07/15/43 (a) | 75,000 | 69,632 |
3.75%, 05/15/46 (a) | 150,000 | 117,133 |
3.25%, 10/01/49 (a) | 150,000 | 104,784 |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 150,000 | 139,974 |
2.13%, 06/01/30 (a) | 200,000 | 164,047 |
3.70%, 06/15/46 (a) | 50,000 | 37,274 |
4.30%, 02/01/49 (a) | 150,000 | 123,946 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 350,000 | 337,077 |
2.00%, 08/15/31 (a) | 200,000 | 158,813 |
6.30%, 04/01/38 | 200,000 | 216,690 |
4.10%, 05/15/42 (a) | 200,000 | 168,600 |
4.10%, 03/15/43 (a) | 100,000 | 84,030 |
4.38%, 03/30/44 (a) | 200,000 | 172,938 |
4.15%, 12/01/44 (a) | 200,000 | 167,663 |
4.20%, 08/15/45 (a) | 50,000 | 41,967 |
3.70%, 10/15/46 (a) | 200,000 | 153,320 |
3.60%, 09/15/47 (a) | 250,000 | 188,658 |
2.50%, 08/15/50 (a) | 250,000 | 151,619 |
2.90%, 08/15/51 (a) | 150,000 | 98,965 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Edison International | ||
3.55%, 11/15/24 (a) | 325,000 | 314,317 |
5.75%, 06/15/27 (a) | 300,000 | 301,295 |
4.13%, 03/15/28 (a) | 200,000 | 185,740 |
6.95%, 11/15/29 (a) | 150,000 | 157,415 |
El Paso Electric Co. | ||
6.00%, 05/15/35 | 169,000 | 165,107 |
5.00%, 12/01/44 (a) | 50,000 | 43,939 |
Emera US Finance LP | ||
3.55%, 06/15/26 (a) | 287,000 | 269,800 |
2.64%, 06/15/31 (a) | 100,000 | 78,517 |
4.75%, 06/15/46 (a) | 400,000 | 311,927 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 250,000 | 237,927 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 300,000 | 293,104 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 150,000 | 147,699 |
Entergy Arkansas LLC | ||
3.50%, 04/01/26 (a) | 250,000 | 240,550 |
4.20%, 04/01/49 (a) | 175,000 | 144,888 |
2.65%, 06/15/51 (a) | 250,000 | 153,991 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 300,000 | 267,732 |
2.95%, 09/01/26 (a) | 250,000 | 232,962 |
2.80%, 06/15/30 (a) | 250,000 | 211,026 |
2.40%, 06/15/31 (a) | 300,000 | 238,349 |
3.75%, 06/15/50 (a) | 200,000 | 148,075 |
Entergy Louisiana LLC | ||
0.95%, 10/01/24 (a) | 200,000 | 186,436 |
5.40%, 11/01/24 | 150,000 | 151,571 |
2.40%, 10/01/26 (a) | 350,000 | 318,830 |
3.12%, 09/01/27 (a) | 200,000 | 184,930 |
3.25%, 04/01/28 (a) | 200,000 | 182,601 |
1.60%, 12/15/30 (a) | 150,000 | 115,581 |
4.00%, 03/15/33 (a) | 211,000 | 190,674 |
4.95%, 01/15/45 (a) | 125,000 | 111,596 |
4.20%, 09/01/48 (a) | 350,000 | 288,274 |
4.20%, 04/01/50 (a) | 200,000 | 163,374 |
2.90%, 03/15/51 (a) | 200,000 | 130,071 |
Entergy Mississippi LLC | ||
3.85%, 06/01/49 (a) | 225,000 | 173,347 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 197,000 | 186,615 |
1.75%, 03/15/31 (a) | 250,000 | 196,392 |
3.55%, 09/30/49 (a) | 200,000 | 145,093 |
Evergy Kansas Central, Inc. | ||
3.10%, 04/01/27 (a) | 300,000 | 280,354 |
4.13%, 03/01/42 (a) | 150,000 | 124,805 |
4.10%, 04/01/43 (a) | 150,000 | 123,963 |
4.25%, 12/01/45 (a) | 100,000 | 81,935 |
3.25%, 09/01/49 (a) | 125,000 | 87,151 |
3.45%, 04/15/50 (a) | 100,000 | 72,719 |
Evergy Metro, Inc. | ||
5.30%, 10/01/41 (a) | 50,000 | 48,078 |
4.20%, 06/15/47 (a) | 95,000 | 77,778 |
4.20%, 03/15/48 (a) | 50,000 | 39,952 |
4.13%, 04/01/49 (a) | 100,000 | 80,782 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 350,000 | 332,922 |
2.90%, 09/15/29 (a) | 250,000 | 216,431 |
Eversource Energy | ||
4.20%, 06/27/24 | 250,000 | 247,154 |
2.90%, 03/01/27 (a) | 200,000 | 184,553 |
3.30%, 01/15/28 (a) | 250,000 | 231,225 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.65%, 08/15/30 (a) | 400,000 | 311,627 |
2.55%, 03/15/31 (a) | 250,000 | 206,359 |
3.38%, 03/01/32 (a) | 200,000 | 174,122 |
3.45%, 01/15/50 (a) | 200,000 | 146,913 |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 150,000 | 146,712 |
3.40%, 04/15/26 (a) | 100,000 | 95,166 |
2.75%, 03/15/27 (a) | 200,000 | 183,715 |
4.05%, 04/15/30 (a) | 450,000 | 419,429 |
3.35%, 03/15/32 (a) | 200,000 | 174,257 |
4.95%, 06/15/35 (a)(c) | 275,000 | 264,068 |
5.63%, 06/15/35 | 250,000 | 255,211 |
5.10%, 06/15/45 (a) | 200,000 | 186,347 |
4.45%, 04/15/46 (a) | 100,000 | 84,975 |
4.70%, 04/15/50 (a) | 250,000 | 219,963 |
Exelon Generation Co. LLC | ||
6.25%, 10/01/39 | 300,000 | 307,846 |
5.75%, 10/01/41 (a) | 100,000 | 96,498 |
5.60%, 06/15/42 (a) | 225,000 | 217,363 |
Florida Power & Light Co. | ||
3.25%, 06/01/24 (a) | 300,000 | 293,265 |
2.85%, 04/01/25 (a) | 400,000 | 383,631 |
3.13%, 12/01/25 (a) | 350,000 | 338,088 |
4.95%, 06/01/35 | 150,000 | 147,995 |
5.95%, 02/01/38 | 150,000 | 159,856 |
5.96%, 04/01/39 | 250,000 | 267,082 |
5.69%, 03/01/40 | 100,000 | 103,998 |
5.25%, 02/01/41 (a) | 100,000 | 99,978 |
4.13%, 02/01/42 (a) | 150,000 | 130,232 |
4.05%, 06/01/42 (a) | 200,000 | 172,368 |
3.80%, 12/15/42 (a) | 275,000 | 227,860 |
4.05%, 10/01/44 (a) | 100,000 | 85,128 |
3.70%, 12/01/47 (a) | 55,000 | 44,333 |
3.95%, 03/01/48 (a) | 250,000 | 207,993 |
4.13%, 06/01/48 (a) | 250,000 | 213,483 |
3.99%, 03/01/49 (a) | 250,000 | 211,525 |
3.15%, 10/01/49 (a) | 250,000 | 181,823 |
2.88%, 12/04/51 (a) | 400,000 | 272,496 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 310,000 | 288,781 |
Georgia Power Co. | ||
2.20%, 09/15/24 (a) | 150,000 | 143,161 |
3.25%, 04/01/26 (a) | 150,000 | 142,263 |
3.25%, 03/30/27 (a) | 100,000 | 92,613 |
2.65%, 09/15/29 (a) | 100,000 | 85,465 |
4.70%, 05/15/32 (a) | 250,000 | 241,185 |
4.75%, 09/01/40 | 100,000 | 90,751 |
4.30%, 03/15/42 | 275,000 | 236,427 |
4.30%, 03/15/43 | 200,000 | 167,174 |
3.70%, 01/30/50 (a) | 225,000 | 168,736 |
3.25%, 03/15/51 (a) | 150,000 | 103,640 |
5.13%, 05/15/52 (a) | 250,000 | 235,661 |
Iberdrola International BV | ||
6.75%, 07/15/36 | 200,000 | 212,855 |
Idaho Power Co. | ||
4.20%, 03/01/48 (a) | 200,000 | 164,456 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 50,000 | 47,304 |
4.55%, 03/15/46 (a) | 100,000 | 84,141 |
3.75%, 07/01/47 (a) | 175,000 | 129,964 |
4.25%, 08/15/48 (a) | 300,000 | 244,245 |
Interstate Power and Light Co. | ||
3.25%, 12/01/24 (a) | 200,000 | 193,472 |
4.10%, 09/26/28 (a) | 250,000 | 238,436 |
2.30%, 06/01/30 (a) | 300,000 | 244,838 |
3.70%, 09/15/46 (a) | 50,000 | 36,585 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.50%, 09/30/49 (a) | 150,000 | 107,952 |
3.10%, 11/30/51 (a) | 75,000 | 49,148 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 200,000 | 178,321 |
ITC Holdings Corp. | ||
3.25%, 06/30/26 (a) | 220,000 | 206,766 |
3.35%, 11/15/27 (a) | 100,000 | 92,222 |
5.30%, 07/01/43 (a) | 100,000 | 89,805 |
Kentucky Utilities Co. | ||
5.13%, 11/01/40 (a) | 250,000 | 237,510 |
4.38%, 10/01/45 (a) | 150,000 | 127,400 |
3.30%, 06/01/50 (a) | 150,000 | 106,249 |
Louisville Gas and Electric Co. | ||
4.25%, 04/01/49 (a) | 150,000 | 125,654 |
MidAmerican Energy Co. | ||
3.10%, 05/01/27 (a) | 50,000 | 46,926 |
3.65%, 04/15/29 (a) | 200,000 | 187,833 |
6.75%, 12/30/31 | 200,000 | 225,429 |
5.80%, 10/15/36 | 200,000 | 210,272 |
4.80%, 09/15/43 (a) | 200,000 | 187,613 |
4.40%, 10/15/44 (a) | 125,000 | 110,256 |
4.25%, 05/01/46 (a) | 150,000 | 127,531 |
3.95%, 08/01/47 (a) | 250,000 | 206,300 |
3.65%, 08/01/48 (a) | 250,000 | 197,219 |
4.25%, 07/15/49 (a) | 300,000 | 258,293 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 250,000 | 234,946 |
4.25%, 03/15/42 | 100,000 | 81,416 |
3.10%, 07/30/51 (a) | 100,000 | 64,140 |
National Rural Utilities Cooperative Finance Corp. | ||
2.95%, 02/07/24 (a) | 410,000 | 401,171 |
3.25%, 11/01/25 (a) | 400,000 | 381,752 |
3.40%, 02/07/28 (a) | 350,000 | 325,022 |
3.90%, 11/01/28 (a) | 250,000 | 235,206 |
3.70%, 03/15/29 (a) | 200,000 | 184,435 |
2.40%, 03/15/30 (a) | 150,000 | 125,097 |
1.35%, 03/15/31 (a) | 250,000 | 185,619 |
1.65%, 06/15/31 (a) | 150,000 | 114,644 |
8.00%, 03/01/32 | 200,000 | 236,579 |
4.15%, 12/15/32 (a) | 200,000 | 185,277 |
5.25%, 04/20/46 (a)(b) | 250,000 | 226,958 |
4.40%, 11/01/48 (a) | 150,000 | 126,120 |
4.30%, 03/15/49 (a) | 100,000 | 83,768 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 250,000 | 235,756 |
6.65%, 04/01/36 | 250,000 | 273,720 |
3.13%, 08/01/50 (a) | 200,000 | 135,841 |
NextEra Energy Capital Holdings, Inc. | ||
4.20%, 06/20/24 | 400,000 | 395,525 |
4.45%, 06/20/25 | 300,000 | 296,913 |
1.88%, 01/15/27 (a) | 350,000 | 310,320 |
3.55%, 05/01/27 (a) | 450,000 | 424,908 |
4.63%, 07/15/27 (a) | 300,000 | 296,045 |
1.90%, 06/15/28 (a) | 500,000 | 428,530 |
3.50%, 04/01/29 (a) | 300,000 | 273,441 |
2.75%, 11/01/29 (a) | 350,000 | 303,367 |
2.25%, 06/01/30 (a) | 650,000 | 535,705 |
2.44%, 01/15/32 (a) | 350,000 | 282,758 |
5.00%, 07/15/32 (a) | 300,000 | 295,770 |
3.00%, 01/15/52 (a) | 200,000 | 132,596 |
4.80%, 12/01/77 (a)(b) | 250,000 | 206,139 |
Northern States Power Co. | ||
6.25%, 06/01/36 | 270,000 | 291,448 |
6.20%, 07/01/37 | 150,000 | 162,124 |
5.35%, 11/01/39 | 200,000 | 201,558 |
3.40%, 08/15/42 (a) | 145,000 | 113,585 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.00%, 08/15/45 (a) | 100,000 | 82,270 |
3.60%, 05/15/46 (a) | 200,000 | 155,916 |
3.60%, 09/15/47 (a) | 250,000 | 193,848 |
2.90%, 03/01/50 (a) | 200,000 | 137,855 |
2.60%, 06/01/51 (a) | 175,000 | 112,296 |
NorthWestern Corp. | ||
4.18%, 11/15/44 (a) | 160,000 | 130,218 |
NSTAR Electric Co. | ||
3.20%, 05/15/27 (a) | 350,000 | 329,389 |
3.25%, 05/15/29 (a) | 250,000 | 227,531 |
1.95%, 08/15/31 (a) | 150,000 | 119,410 |
5.50%, 03/15/40 | 100,000 | 101,446 |
4.40%, 03/01/44 (a) | 150,000 | 131,475 |
3.10%, 06/01/51 (a) | 100,000 | 69,499 |
Oglethorpe Power Corp. | ||
5.95%, 11/01/39 | 150,000 | 145,379 |
5.38%, 11/01/40 | 200,000 | 181,663 |
5.05%, 10/01/48 (a) | 200,000 | 172,827 |
3.75%, 08/01/50 (a) | 150,000 | 108,125 |
5.25%, 09/01/50 | 50,000 | 44,150 |
Ohio Edison Co. | ||
6.88%, 07/15/36 | 100,000 | 108,419 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 200,000 | 170,358 |
1.63%, 01/15/31 (a) | 200,000 | 155,316 |
4.15%, 04/01/48 (a) | 200,000 | 164,034 |
4.00%, 06/01/49 (a) | 150,000 | 119,052 |
Oklahoma Gas and Electric Co. | ||
3.30%, 03/15/30 (a) | 125,000 | 110,087 |
3.25%, 04/01/30 (a) | 150,000 | 131,042 |
4.15%, 04/01/47 (a) | 240,000 | 193,448 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 500,000 | 484,447 |
3.70%, 11/15/28 (a) | 265,000 | 250,407 |
5.75%, 03/15/29 (a) | 73,000 | 75,921 |
4.15%, 06/01/32 (a)(c) | 150,000 | 142,993 |
4.55%, 09/15/32 (a)(c) | 200,000 | 196,182 |
7.50%, 09/01/38 | 100,000 | 121,874 |
5.25%, 09/30/40 | 200,000 | 199,017 |
4.55%, 12/01/41 (a) | 150,000 | 137,193 |
3.75%, 04/01/45 (a) | 250,000 | 201,785 |
3.80%, 09/30/47 (a) | 200,000 | 163,371 |
4.10%, 11/15/48 (a) | 150,000 | 127,758 |
3.80%, 06/01/49 (a) | 150,000 | 121,901 |
3.10%, 09/15/49 (a) | 250,000 | 178,008 |
3.70%, 05/15/50 (a) | 150,000 | 119,811 |
4.60%, 06/01/52 (a)(c) | 150,000 | 138,177 |
5.35%, 10/01/52 (a) | 150,000 | 153,760 |
Pacific Gas and Electric Co. | ||
3.75%, 02/15/24 (a) | 150,000 | 146,926 |
3.50%, 06/15/25 (a) | 250,000 | 237,119 |
3.45%, 07/01/25 | 300,000 | 285,044 |
3.15%, 01/01/26 | 550,000 | 512,538 |
2.95%, 03/01/26 (a) | 225,000 | 207,463 |
3.30%, 03/15/27 (a) | 100,000 | 89,702 |
2.10%, 08/01/27 (a) | 350,000 | 300,320 |
3.30%, 12/01/27 (a) | 450,000 | 399,044 |
3.00%, 06/15/28 (a) | 250,000 | 217,819 |
3.75%, 07/01/28 | 375,000 | 335,140 |
4.65%, 08/01/28 (a) | 100,000 | 92,395 |
4.55%, 07/01/30 (a) | 1,000,000 | 908,552 |
2.50%, 02/01/31 (a) | 700,000 | 545,435 |
3.25%, 06/01/31 (a) | 350,000 | 285,130 |
4.40%, 03/01/32 (a) | 200,000 | 175,925 |
5.90%, 06/15/32 (a) | 200,000 | 195,517 |
4.50%, 07/01/40 (a) | 350,000 | 274,165 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.30%, 08/01/40 (a) | 350,000 | 239,028 |
4.20%, 06/01/41 (a) | 100,000 | 75,125 |
4.45%, 04/15/42 (a) | 150,000 | 112,650 |
3.75%, 08/15/42 (a) | 100,000 | 67,350 |
4.60%, 06/15/43 (a) | 150,000 | 114,491 |
4.75%, 02/15/44 (a) | 100,000 | 77,926 |
4.30%, 03/15/45 (a) | 150,000 | 107,733 |
4.25%, 03/15/46 (a) | 175,000 | 124,054 |
4.00%, 12/01/46 (a) | 200,000 | 136,480 |
4.95%, 07/01/50 (a) | 775,000 | 607,880 |
3.50%, 08/01/50 (a) | 600,000 | 378,477 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 100,000 | 92,368 |
2.70%, 09/15/30 (a) | 150,000 | 129,435 |
7.70%, 11/15/31 | 175,000 | 205,447 |
5.75%, 04/01/37 | 100,000 | 101,889 |
6.25%, 10/15/37 | 200,000 | 212,992 |
6.35%, 07/15/38 | 200,000 | 216,367 |
6.00%, 01/15/39 | 100,000 | 104,374 |
4.10%, 02/01/42 (a) | 50,000 | 41,535 |
4.13%, 01/15/49 (a) | 175,000 | 144,207 |
4.15%, 02/15/50 (a) | 200,000 | 165,512 |
3.30%, 03/15/51 (a) | 250,000 | 180,464 |
2.90%, 06/15/52 (a) | 200,000 | 131,904 |
PECO Energy Co. | ||
3.70%, 09/15/47 (a) | 200,000 | 157,549 |
3.90%, 03/01/48 (a) | 200,000 | 164,673 |
3.00%, 09/15/49 (a) | 100,000 | 68,796 |
2.80%, 06/15/50 (a) | 200,000 | 132,266 |
3.05%, 03/15/51 (a) | 50,000 | 34,304 |
2.85%, 09/15/51 (a) | 150,000 | 99,644 |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 250,000 | 228,201 |
Potomac Electric Power Co. | ||
3.60%, 03/15/24 (a) | 250,000 | 245,943 |
4.15%, 03/15/43 (a) | 200,000 | 169,197 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 200,000 | 187,423 |
4.13%, 04/15/30 (a) | 150,000 | 139,510 |
PPL Electric Utilities Corp. | ||
6.25%, 05/15/39 | 300,000 | 323,603 |
4.75%, 07/15/43 (a) | 100,000 | 91,460 |
4.15%, 06/15/48 (a) | 150,000 | 126,761 |
3.00%, 10/01/49 (a) | 100,000 | 68,663 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 350,000 | 397,550 |
7.00%, 10/30/31 | 60,000 | 65,638 |
6.00%, 12/01/39 | 85,000 | 86,355 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 150,000 | 143,108 |
1.90%, 01/15/31 (a) | 255,000 | 205,009 |
1.88%, 06/15/31 (a) | 225,000 | 179,496 |
6.25%, 09/01/37 | 200,000 | 218,840 |
3.60%, 09/15/42 (a) | 100,000 | 79,178 |
3.80%, 06/15/47 (a) | 50,000 | 39,766 |
4.05%, 09/15/49 (a) | 150,000 | 123,854 |
3.20%, 03/01/50 (a) | 250,000 | 179,467 |
2.70%, 01/15/51 (a) | 150,000 | 97,032 |
Public Service Co. of New Hampshire | ||
3.60%, 07/01/49 (a) | 100,000 | 77,857 |
Public Service Co. of Oklahoma | ||
2.20%, 08/15/31 (a) | 150,000 | 119,549 |
3.15%, 08/15/51 (a) | 150,000 | 99,996 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Public Service Electric and Gas Co. | ||
3.00%, 05/15/27 (a) | 150,000 | 140,355 |
3.70%, 05/01/28 (a) | 125,000 | 119,383 |
3.20%, 05/15/29 (a) | 200,000 | 181,696 |
2.45%, 01/15/30 (a) | 250,000 | 214,656 |
1.90%, 08/15/31 (a) | 200,000 | 160,012 |
4.90%, 12/15/32 (a) | 200,000 | 200,559 |
3.95%, 05/01/42 (a) | 100,000 | 84,018 |
3.65%, 09/01/42 (a) | 100,000 | 80,254 |
3.80%, 01/01/43 (a) | 125,000 | 102,605 |
3.80%, 03/01/46 (a) | 250,000 | 200,114 |
3.60%, 12/01/47 (a) | 150,000 | 115,445 |
4.05%, 05/01/48 (a) | 150,000 | 124,775 |
3.85%, 05/01/49 (a) | 150,000 | 119,912 |
3.20%, 08/01/49 (a) | 150,000 | 108,533 |
3.15%, 01/01/50 (a) | 25,000 | 17,728 |
2.70%, 05/01/50 (a) | 250,000 | 163,332 |
2.05%, 08/01/50 (a) | 200,000 | 112,161 |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 450,000 | 435,545 |
0.80%, 08/15/25 (a) | 225,000 | 202,438 |
0.95%, 03/15/26 (a) | 150,000 | 133,379 |
1.60%, 08/15/30 (a) | 350,000 | 272,461 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 150,000 | 143,473 |
4.10%, 06/15/30 (a) | 300,000 | 269,268 |
4.22%, 03/15/32 (a) | 150,000 | 134,343 |
Puget Sound Energy, Inc. | ||
6.27%, 03/15/37 | 100,000 | 103,445 |
5.80%, 03/15/40 | 125,000 | 125,107 |
5.64%, 04/15/41 (a) | 150,000 | 147,721 |
4.30%, 05/20/45 (a) | 150,000 | 123,030 |
4.22%, 06/15/48 (a) | 250,000 | 205,278 |
3.25%, 09/15/49 (a) | 150,000 | 103,279 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 200,000 | 185,823 |
1.70%, 10/01/30 (a) | 300,000 | 238,208 |
3.75%, 06/01/47 (a) | 125,000 | 98,182 |
4.15%, 05/15/48 (a) | 269,000 | 226,955 |
4.10%, 06/15/49 (a) | 140,000 | 115,123 |
3.32%, 04/15/50 (a) | 200,000 | 143,944 |
3.70%, 03/15/52 (a) | 200,000 | 158,224 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 200,000 | 185,866 |
Southern California Edison Co. | ||
0.98%, 08/01/24 | 200,000 | 187,263 |
1.20%, 02/01/26 (a) | 200,000 | 177,430 |
5.85%, 11/01/27 (a) | 250,000 | 258,575 |
3.65%, 03/01/28 (a) | 100,000 | 93,602 |
4.20%, 03/01/29 (a) | 150,000 | 142,952 |
6.65%, 04/01/29 | 150,000 | 155,221 |
2.85%, 08/01/29 (a) | 200,000 | 174,330 |
2.25%, 06/01/30 (a) | 250,000 | 206,490 |
2.75%, 02/01/32 (a) | 200,000 | 168,111 |
6.00%, 01/15/34 | 200,000 | 208,918 |
5.75%, 04/01/35 | 200,000 | 201,116 |
5.35%, 07/15/35 | 200,000 | 193,543 |
5.55%, 01/15/37 | 200,000 | 196,960 |
5.95%, 02/01/38 | 250,000 | 253,524 |
6.05%, 03/15/39 | 150,000 | 152,718 |
5.50%, 03/15/40 | 150,000 | 145,547 |
4.05%, 03/15/42 (a) | 105,000 | 84,004 |
3.90%, 03/15/43 (a) | 250,000 | 193,954 |
4.65%, 10/01/43 (a) | 250,000 | 216,930 |
3.60%, 02/01/45 (a) | 100,000 | 72,392 |
4.00%, 04/01/47 (a) | 600,000 | 471,115 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.13%, 03/01/48 (a) | 400,000 | 320,437 |
4.88%, 03/01/49 (a) | 200,000 | 177,254 |
3.65%, 02/01/50 (a) | 400,000 | 294,314 |
3.45%, 02/01/52 (a) | 200,000 | 143,204 |
Southern Co. | ||
0.60%, 02/26/24 (a) | 250,000 | 237,381 |
4.48%, 08/01/24 | 250,000 | 247,100 |
3.25%, 07/01/26 (a) | 700,000 | 659,794 |
5.11%, 08/01/27 | 250,000 | 249,721 |
3.70%, 04/30/30 (a) | 350,000 | 316,904 |
4.25%, 07/01/36 (a) | 250,000 | 218,857 |
4.40%, 07/01/46 (a) | 600,000 | 503,166 |
4.00%, 01/15/51 (a)(b) | 250,000 | 227,846 |
3.75%, 09/15/51 (a)(b) | 275,000 | 223,012 |
Southern Power Co. | ||
0.90%, 01/15/26 (a) | 50,000 | 44,072 |
5.15%, 09/15/41 | 200,000 | 181,852 |
4.95%, 12/15/46 (a) | 200,000 | 171,836 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 300,000 | 275,738 |
4.10%, 09/15/28 (a) | 200,000 | 190,182 |
3.90%, 04/01/45 (a) | 100,000 | 76,608 |
3.85%, 02/01/48 (a) | 200,000 | 148,588 |
3.25%, 11/01/51 (a) | 200,000 | 132,284 |
Southwestern Public Service Co. | ||
4.50%, 08/15/41 (a) | 150,000 | 131,540 |
3.40%, 08/15/46 (a) | 100,000 | 72,649 |
3.70%, 08/15/47 (a) | 200,000 | 152,087 |
3.75%, 06/15/49 (a) | 200,000 | 153,777 |
3.15%, 05/01/50 (a) | 150,000 | 104,467 |
Tampa Electric Co. | ||
4.10%, 06/15/42 (a) | 100,000 | 82,041 |
4.35%, 05/15/44 (a) | 225,000 | 185,974 |
4.30%, 06/15/48 (a) | 250,000 | 202,619 |
3.63%, 06/15/50 (a) | 300,000 | 218,443 |
The Cleveland Electric Illuminating Co. | ||
5.95%, 12/15/36 | 150,000 | 149,630 |
Toledo Edison Co. | ||
6.15%, 05/15/37 | 100,000 | 103,791 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 175,000 | 134,736 |
4.85%, 12/01/48 (a) | 75,000 | 64,518 |
4.00%, 06/15/50 (a) | 100,000 | 76,560 |
3.25%, 05/01/51 (a) | 100,000 | 66,693 |
Union Electric Co. | ||
2.95%, 06/15/27 (a) | 44,000 | 41,044 |
3.50%, 03/15/29 (a) | 550,000 | 510,587 |
2.95%, 03/15/30 (a) | 150,000 | 131,900 |
3.90%, 09/15/42 (a) | 115,000 | 94,417 |
3.65%, 04/15/45 (a) | 100,000 | 77,025 |
4.00%, 04/01/48 (a) | 250,000 | 201,458 |
3.25%, 10/01/49 (a) | 150,000 | 106,534 |
2.63%, 03/15/51 (a) | 250,000 | 159,285 |
3.90%, 04/01/52 (a) | 150,000 | 121,814 |
Virginia Electric and Power Co. | ||
3.45%, 02/15/24 (a) | 250,000 | 246,594 |
3.10%, 05/15/25 (a) | 200,000 | 192,351 |
3.15%, 01/15/26 (a) | 250,000 | 238,799 |
2.95%, 11/15/26 (a) | 200,000 | 187,421 |
3.50%, 03/15/27 (a) | 400,000 | 379,347 |
2.88%, 07/15/29 (a) | 150,000 | 132,286 |
2.40%, 03/30/32 (a) | 175,000 | 141,817 |
6.00%, 01/15/36 | 250,000 | 258,171 |
6.00%, 05/15/37 | 250,000 | 259,269 |
8.88%, 11/15/38 | 150,000 | 197,323 |
4.00%, 01/15/43 (a) | 250,000 | 203,444 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.45%, 02/15/44 (a) | 250,000 | 214,566 |
4.20%, 05/15/45 (a) | 50,000 | 40,707 |
3.80%, 09/15/47 (a) | 300,000 | 231,044 |
4.60%, 12/01/48 (a) | 250,000 | 218,717 |
3.30%, 12/01/49 (a) | 300,000 | 215,566 |
2.45%, 12/15/50 (a) | 450,000 | 268,996 |
4.63%, 05/15/52 (a) | 175,000 | 154,167 |
WEC Energy Group, Inc. | ||
0.80%, 03/15/24 (a) | 350,000 | 331,958 |
1.38%, 10/15/27 (a) | 250,000 | 212,858 |
1.80%, 10/15/30 (a) | 250,000 | 196,119 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 100,000 | 94,741 |
1.70%, 06/15/28 (a) | 150,000 | 128,016 |
4.30%, 10/15/48 (a) | 125,000 | 103,281 |
Wisconsin Power and Light Co. | ||
3.05%, 10/15/27 (a) | 100,000 | 92,865 |
3.00%, 07/01/29 (a) | 250,000 | 221,872 |
3.65%, 04/01/50 (a) | 200,000 | 147,820 |
Wisconsin Public Service Corp. | ||
3.67%, 12/01/42 | 250,000 | 191,806 |
4.75%, 11/01/44 (a) | 150,000 | 133,415 |
3.30%, 09/01/49 (a) | 200,000 | 140,876 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 200,000 | 192,188 |
4.00%, 06/15/28 (a) | 250,000 | 239,913 |
3.40%, 06/01/30 (a) | 300,000 | 268,176 |
4.60%, 06/01/32 (a) | 250,000 | 239,960 |
6.50%, 07/01/36 | 90,000 | 97,761 |
3.50%, 12/01/49 (a) | 200,000 | 146,677 |
120,930,579 | ||
Natural Gas 0.1% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 200,000 | 186,904 |
1.50%, 01/15/31 (a) | 350,000 | 273,211 |
5.50%, 06/15/41 (a) | 150,000 | 149,206 |
4.15%, 01/15/43 (a) | 200,000 | 167,880 |
4.13%, 10/15/44 (a) | 100,000 | 82,418 |
4.30%, 10/01/48 (a) | 200,000 | 169,794 |
4.13%, 03/15/49 (a) | 150,000 | 123,331 |
3.38%, 09/15/49 (a) | 200,000 | 146,454 |
5.75%, 10/15/52 (a) | 150,000 | 157,915 |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 50,000 | 47,761 |
1.75%, 10/01/30 (a) | 200,000 | 158,726 |
5.85%, 01/15/41 (a) | 100,000 | 100,945 |
4.10%, 09/01/47 (a) | 100,000 | 80,824 |
National Grid USA | ||
5.80%, 04/01/35 | 150,000 | 141,661 |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 350,000 | 315,992 |
3.49%, 05/15/27 (a) | 225,000 | 212,818 |
2.95%, 09/01/29 (a) | 200,000 | 174,469 |
3.60%, 05/01/30 (a) | 450,000 | 401,903 |
1.70%, 02/15/31 (a) | 200,000 | 152,666 |
5.25%, 02/15/43 (a) | 150,000 | 142,214 |
4.80%, 02/15/44 (a) | 375,000 | 331,891 |
5.65%, 02/01/45 (a) | 225,000 | 221,728 |
4.38%, 05/15/47 (a) | 150,000 | 126,451 |
3.95%, 03/30/48 (a) | 100,000 | 78,318 |
ONE Gas, Inc. | ||
3.61%, 02/01/24 (a) | 100,000 | 98,358 |
1.10%, 03/11/24 (a) | 135,000 | 129,527 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.66%, 02/01/44 (a) | 200,000 | 173,696 |
4.50%, 11/01/48 (a) | 150,000 | 124,695 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 220,000 | 202,638 |
3.64%, 11/01/46 (a) | 210,000 | 151,663 |
3.35%, 06/01/50 (a) | 150,000 | 102,188 |
5.05%, 05/15/52 (a) | 150,000 | 136,024 |
Sempra Energy | ||
3.25%, 06/15/27 (a) | 300,000 | 278,129 |
3.40%, 02/01/28 (a) | 300,000 | 279,030 |
3.70%, 04/01/29 (a) | 200,000 | 182,968 |
3.80%, 02/01/38 (a) | 250,000 | 205,259 |
6.00%, 10/15/39 | 250,000 | 254,465 |
4.00%, 02/01/48 (a) | 225,000 | 177,060 |
4.13%, 04/01/52 (a)(b) | 300,000 | 237,477 |
Southern California Gas Co. | ||
3.20%, 06/15/25 (a) | 50,000 | 48,320 |
2.60%, 06/15/26 (a) | 300,000 | 278,680 |
2.95%, 04/15/27 (a) | 200,000 | 185,109 |
2.55%, 02/01/30 (a) | 250,000 | 213,176 |
5.13%, 11/15/40 | 75,000 | 71,380 |
3.75%, 09/15/42 (a) | 150,000 | 118,063 |
4.13%, 06/01/48 (a) | 250,000 | 201,268 |
4.30%, 01/15/49 (a) | 175,000 | 145,033 |
3.95%, 02/15/50 (a) | 150,000 | 117,494 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 100,000 | 93,757 |
1.75%, 01/15/31 (a) | 250,000 | 191,578 |
5.88%, 03/15/41 (a) | 200,000 | 199,597 |
4.40%, 06/01/43 (a) | 100,000 | 82,302 |
3.95%, 10/01/46 (a) | 150,000 | 113,299 |
4.40%, 05/30/47 (a) | 250,000 | 200,219 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 230,000 | 180,256 |
4.05%, 03/15/32 (a) | 100,000 | 87,970 |
3.80%, 09/29/46 (a) | 100,000 | 69,669 |
4.15%, 06/01/49 (a) | 150,000 | 109,249 |
3.18%, 08/15/51 (a) | 50,000 | 30,828 |
Spire Missouri, Inc. | ||
3.30%, 06/01/51 (a) | 75,000 | 51,595 |
Washington Gas Light Co. | ||
3.80%, 09/15/46 (a) | 155,000 | 116,485 |
3.65%, 09/15/49 (a) | 175,000 | 128,675 |
9,912,659 | ||
Utility Other 0.1% | ||
American Water Capital Corp. | ||
3.40%, 03/01/25 (a) | 300,000 | 291,052 |
2.95%, 09/01/27 (a) | 100,000 | 92,468 |
3.75%, 09/01/28 (a) | 250,000 | 236,454 |
3.45%, 06/01/29 (a) | 150,000 | 137,396 |
2.80%, 05/01/30 (a) | 200,000 | 173,345 |
2.30%, 06/01/31 (a) | 200,000 | 164,657 |
4.45%, 06/01/32 (a) | 250,000 | 240,302 |
6.59%, 10/15/37 | 200,000 | 221,432 |
4.30%, 12/01/42 (a) | 200,000 | 174,958 |
4.00%, 12/01/46 (a) | 165,000 | 129,378 |
3.75%, 09/01/47 (a) | 250,000 | 195,168 |
4.20%, 09/01/48 (a) | 250,000 | 209,982 |
4.15%, 06/01/49 (a) | 50,000 | 41,431 |
3.45%, 05/01/50 (a) | 125,000 | 92,411 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 150,000 | 135,201 |
2.70%, 04/15/30 (a) | 200,000 | 168,017 |
2.40%, 05/01/31 (a) | 50,000 | 40,116 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.28%, 05/01/49 (a) | 150,000 | 122,067 |
3.35%, 04/15/50 (a) | 250,000 | 172,342 |
5.30%, 05/01/52 (a) | 100,000 | 94,440 |
3,132,617 | ||
133,975,855 | ||
Total Corporates (Cost $1,900,829,273) | 1,628,668,613 | |
TREASURIES 40.9% OF NET ASSETS | ||
Bonds | ||
7.50%, 11/15/24 | 1,248,000 | 1,316,081 |
7.63%, 02/15/25 | 1,000,000 | 1,064,070 |
6.88%, 08/15/25 | 1,000,000 | 1,062,469 |
6.00%, 02/15/26 | 1,889,000 | 1,986,925 |
6.75%, 08/15/26 | 1,209,000 | 1,312,848 |
6.50%, 11/15/26 | 1,748,000 | 1,894,079 |
6.63%, 02/15/27 | 1,000,000 | 1,093,464 |
6.38%, 08/15/27 | 1,200,000 | 1,314,300 |
6.13%, 11/15/27 | 2,434,000 | 2,656,849 |
5.50%, 08/15/28 | 1,748,000 | 1,871,957 |
5.25%, 11/15/28 | 2,248,000 | 2,384,600 |
5.25%, 02/15/29 | 474,000 | 503,842 |
6.13%, 08/15/29 | 1,544,000 | 1,728,284 |
6.25%, 05/15/30 | 2,131,000 | 2,434,028 |
5.38%, 02/15/31 | 2,594,000 | 2,850,211 |
2.75%, 08/15/32 | 61,000,000 | 55,533,204 |
4.50%, 02/15/36 | 3,144,000 | 3,360,898 |
4.75%, 02/15/37 | 1,932,000 | 2,114,425 |
5.00%, 05/15/37 | 1,648,000 | 1,843,319 |
4.38%, 02/15/38 | 1,596,000 | 1,675,305 |
4.50%, 05/15/38 | 2,796,000 | 2,974,766 |
3.50%, 02/15/39 | 2,472,000 | 2,327,059 |
4.25%, 05/15/39 | 3,146,000 | 3,245,043 |
4.50%, 08/15/39 | 2,646,000 | 2,809,512 |
4.38%, 11/15/39 | 3,625,000 | 3,787,934 |
4.63%, 02/15/40 | 3,955,000 | 4,256,058 |
1.13%, 05/15/40 | 11,200,000 | 7,023,118 |
4.38%, 05/15/40 | 4,194,000 | 4,368,878 |
1.13%, 08/15/40 | 12,250,000 | 7,627,866 |
3.88%, 08/15/40 | 4,494,000 | 4,389,292 |
1.38%, 11/15/40 | 12,500,000 | 8,132,805 |
4.25%, 11/15/40 | 4,253,000 | 4,351,064 |
1.88%, 02/15/41 | 18,400,000 | 13,016,419 |
4.75%, 02/15/41 | 4,292,000 | 4,675,294 |
2.25%, 05/15/41 | 14,500,000 | 10,901,570 |
4.38%, 05/15/41 | 3,944,000 | 4,092,679 |
1.75%, 08/15/41 | 21,600,000 | 14,798,620 |
3.75%, 08/15/41 | 3,817,000 | 3,628,793 |
2.00%, 11/15/41 | 14,000,000 | 10,012,318 |
3.13%, 11/15/41 | 4,344,000 | 3,755,742 |
2.38%, 02/15/42 | 14,000,000 | 10,690,242 |
3.13%, 02/15/42 | 4,582,000 | 3,951,144 |
3.00%, 05/15/42 | 3,998,000 | 3,365,606 |
3.25%, 05/15/42 | 12,500,000 | 10,965,009 |
2.75%, 08/15/42 | 4,691,000 | 3,779,360 |
3.38%, 08/15/42 | 11,000,000 | 9,829,641 |
2.75%, 11/15/42 | 6,408,000 | 5,146,457 |
4.00%, 11/15/42 | 9,500,000 | 9,299,107 |
3.13%, 02/15/43 | 5,286,000 | 4,514,524 |
2.88%, 05/15/43 | 8,731,000 | 7,142,072 |
3.63%, 08/15/43 | 6,317,000 | 5,819,131 |
3.75%, 11/15/43 | 5,450,000 | 5,114,306 |
3.63%, 02/15/44 | 6,927,000 | 6,367,297 |
3.38%, 05/15/44 | 6,494,000 | 5,732,189 |
3.13%, 08/15/44 | 7,882,000 | 6,669,326 |
3.00%, 11/15/44 | 7,136,000 | 5,905,761 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 02/15/45 | 8,882,000 | 6,707,782 |
3.00%, 05/15/45 | 1,534,000 | 1,266,976 |
2.88%, 08/15/45 | 5,332,000 | 4,303,114 |
3.00%, 11/15/45 | 3,782,000 | 3,119,408 |
2.50%, 02/15/46 | 7,386,000 | 5,542,538 |
2.50%, 05/15/46 | 7,732,000 | 5,790,119 |
2.25%, 08/15/46 | 9,978,000 | 7,093,028 |
2.88%, 11/15/46 | 3,719,000 | 2,989,769 |
3.00%, 02/15/47 | 8,384,000 | 6,885,238 |
3.00%, 05/15/47 | 7,238,000 | 5,942,389 |
2.75%, 08/15/47 | 8,680,000 | 6,805,364 |
2.75%, 11/15/47 | 8,328,000 | 6,529,386 |
3.00%, 02/15/48 | 9,734,000 | 8,010,583 |
3.13%, 05/15/48 | 9,120,000 | 7,691,662 |
3.00%, 08/15/48 | 11,428,000 | 9,419,811 |
3.38%, 11/15/48 | 7,500,000 | 6,641,854 |
3.00%, 02/15/49 | 13,076,000 | 10,816,972 |
2.88%, 05/15/49 | 12,800,000 | 10,339,063 |
2.25%, 08/15/49 | 12,000,000 | 8,480,795 |
2.38%, 11/15/49 | 11,478,000 | 8,344,645 |
2.00%, 02/15/50 | 14,398,000 | 9,553,396 |
1.25%, 05/15/50 | 16,500,000 | 8,921,167 |
1.38%, 08/15/50 | 19,700,000 | 11,012,420 |
1.63%, 11/15/50 | 18,000,000 | 10,769,701 |
1.88%, 02/15/51 | 22,500,000 | 14,360,654 |
2.38%, 05/15/51 | 20,600,000 | 14,835,057 |
2.00%, 08/15/51 | 21,000,000 | 13,807,849 |
1.88%, 11/15/51 | 19,100,000 | 12,148,887 |
2.25%, 02/15/52 | 17,300,000 | 12,078,050 |
2.88%, 05/15/52 | 16,800,000 | 13,512,364 |
3.00%, 08/15/52 | 16,500,000 | 13,662,305 |
4.00%, 11/15/52 | 14,000,000 | 14,057,908 |
Notes | ||
0.88%, 01/31/24 | 13,000,000 | 12,476,159 |
0.13%, 02/15/24 | 22,000,000 | 20,909,390 |
2.75%, 02/15/24 | 17,595,000 | 17,216,607 |
1.50%, 02/29/24 | 16,900,000 | 16,293,937 |
2.13%, 02/29/24 | 16,438,000 | 15,961,522 |
2.38%, 02/29/24 | 9,982,000 | 9,723,658 |
0.25%, 03/15/24 | 18,300,000 | 17,359,927 |
2.13%, 03/31/24 | 12,418,000 | 12,034,034 |
2.25%, 03/31/24 | 16,000,000 | 15,525,592 |
0.38%, 04/15/24 | 14,000,000 | 13,250,740 |
2.00%, 04/30/24 | 7,994,000 | 7,717,783 |
2.25%, 04/30/24 | 10,574,000 | 10,241,268 |
2.50%, 04/30/24 | 15,000,000 | 14,574,286 |
0.25%, 05/15/24 | 15,000,000 | 14,121,632 |
2.50%, 05/15/24 | 21,098,000 | 20,479,438 |
2.00%, 05/31/24 | 12,668,000 | 12,207,518 |
2.50%, 05/31/24 | 14,000,000 | 13,583,800 |
0.25%, 06/15/24 | 15,000,000 | 14,081,787 |
1.75%, 06/30/24 | 9,032,000 | 8,657,996 |
2.00%, 06/30/24 | 7,240,000 | 6,964,523 |
3.00%, 06/30/24 | 14,000,000 | 13,666,380 |
0.38%, 07/15/24 | 13,900,000 | 13,026,317 |
1.75%, 07/31/24 | 10,078,000 | 9,641,982 |
2.13%, 07/31/24 | 6,488,000 | 6,242,657 |
3.00%, 07/31/24 | 14,000,000 | 13,655,989 |
0.38%, 08/15/24 | 15,000,000 | 14,018,504 |
2.38%, 08/15/24 | 17,768,000 | 17,152,673 |
1.25%, 08/31/24 | 8,686,000 | 8,225,548 |
1.88%, 08/31/24 | 6,490,000 | 6,209,215 |
3.25%, 08/31/24 | 14,000,000 | 13,710,131 |
0.38%, 09/15/24 | 15,500,000 | 14,449,456 |
1.50%, 09/30/24 | 8,982,000 | 8,532,699 |
2.13%, 09/30/24 | 5,784,000 | 5,551,948 |
4.25%, 09/30/24 | 12,000,000 | 11,939,752 |
0.63%, 10/15/24 | 16,500,000 | 15,413,907 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.50%, 10/31/24 | 8,480,000 | 8,037,425 |
2.25%, 10/31/24 | 5,038,000 | 4,840,404 |
4.38%, 10/31/24 | 12,000,000 | 11,966,706 |
0.75%, 11/15/24 | 14,800,000 | 13,819,160 |
2.25%, 11/15/24 | 16,870,000 | 16,207,021 |
1.50%, 11/30/24 | 9,480,000 | 8,971,162 |
2.13%, 11/30/24 | 6,988,000 | 6,691,401 |
4.50%, 11/30/24 | 15,000,000 | 15,002,916 |
1.00%, 12/15/24 | 15,000,000 | 14,041,694 |
1.75%, 12/31/24 | 9,982,000 | 9,478,665 |
2.25%, 12/31/24 | 7,988,000 | 7,658,376 |
4.25%, 12/31/24 | 13,000,000 | 12,957,593 |
1.13%, 01/15/25 | 14,000,000 | 13,106,010 |
1.38%, 01/31/25 | 8,696,000 | 8,175,406 |
2.50%, 01/31/25 | 7,488,000 | 7,206,134 |
1.50%, 02/15/25 | 14,000,000 | 13,181,102 |
2.00%, 02/15/25 | 14,486,000 | 13,789,741 |
1.13%, 02/28/25 | 7,998,000 | 7,469,934 |
2.75%, 02/28/25 | 7,890,000 | 7,627,616 |
1.75%, 03/15/25 | 14,000,000 | 13,233,769 |
0.50%, 03/31/25 | 12,200,000 | 11,212,627 |
2.63%, 03/31/25 | 4,724,000 | 4,553,867 |
2.63%, 04/15/25 | 12,000,000 | 11,550,557 |
0.38%, 04/30/25 | 10,900,000 | 9,955,390 |
2.88%, 04/30/25 | 6,986,000 | 6,763,965 |
2.13%, 05/15/25 | 13,880,400 | 13,198,610 |
2.75%, 05/15/25 | 12,500,000 | 12,056,900 |
0.25%, 05/31/25 | 10,700,000 | 9,715,596 |
2.88%, 05/31/25 | 5,788,000 | 5,597,788 |
2.88%, 06/15/25 | 12,000,000 | 11,598,690 |
0.25%, 06/30/25 | 11,500,000 | 10,421,929 |
2.75%, 06/30/25 | 4,988,000 | 4,806,807 |
3.00%, 07/15/25 | 10,000,000 | 9,689,479 |
0.25%, 07/31/25 | 9,100,000 | 8,213,966 |
2.88%, 07/31/25 | 3,386,000 | 3,272,550 |
2.00%, 08/15/25 | 14,168,000 | 13,383,488 |
3.13%, 08/15/25 | 11,000,000 | 10,683,067 |
0.25%, 08/31/25 | 7,400,000 | 6,659,339 |
2.75%, 08/31/25 | 3,236,000 | 3,112,449 |
3.50%, 09/15/25 | 9,500,000 | 9,314,351 |
0.25%, 09/30/25 | 12,100,000 | 10,869,221 |
3.00%, 09/30/25 | 4,682,000 | 4,527,443 |
4.25%, 10/15/25 | 14,000,000 | 13,995,108 |
0.25%, 10/31/25 | 14,800,000 | 13,243,860 |
3.00%, 10/31/25 | 5,688,000 | 5,497,201 |
2.25%, 11/15/25 | 15,072,000 | 14,274,515 |
4.50%, 11/15/25 | 15,000,000 | 15,098,682 |
0.38%, 11/30/25 | 15,600,000 | 13,966,519 |
2.88%, 11/30/25 | 5,682,000 | 5,471,279 |
4.00%, 12/15/25 | 12,000,000 | 11,925,469 |
0.38%, 12/31/25 | 15,800,000 | 14,127,752 |
2.63%, 12/31/25 | 6,486,000 | 6,204,954 |
0.38%, 01/31/26 | 15,100,000 | 13,442,909 |
2.63%, 01/31/26 | 5,938,000 | 5,677,236 |
1.63%, 02/15/26 | 14,672,000 | 13,582,359 |
0.50%, 02/28/26 | 16,000,000 | 14,266,712 |
2.50%, 02/28/26 | 5,476,000 | 5,203,888 |
0.75%, 03/31/26 | 16,000,000 | 14,352,419 |
2.25%, 03/31/26 | 7,086,000 | 6,681,601 |
0.75%, 04/30/26 | 16,300,000 | 14,580,847 |
2.38%, 04/30/26 | 6,084,000 | 5,749,887 |
1.63%, 05/15/26 | 15,685,000 | 14,444,978 |
0.75%, 05/31/26 | 18,500,000 | 16,509,147 |
2.13%, 05/31/26 | 6,388,000 | 5,979,076 |
0.88%, 06/30/26 | 14,000,000 | 12,523,556 |
1.88%, 06/30/26 | 5,984,000 | 5,553,277 |
0.63%, 07/31/26 | 15,500,000 | 13,700,715 |
1.88%, 07/31/26 | 6,284,000 | 5,815,743 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.50%, 08/15/26 | 16,724,000 | 15,257,656 |
0.75%, 08/31/26 | 17,000,000 | 15,058,540 |
1.38%, 08/31/26 | 6,986,000 | 6,336,917 |
0.88%, 09/30/26 | 16,200,000 | 14,393,647 |
1.63%, 09/30/26 | 4,990,000 | 4,568,112 |
1.13%, 10/31/26 | 17,500,000 | 15,657,476 |
1.63%, 10/31/26 | 6,584,000 | 6,012,199 |
2.00%, 11/15/26 | 15,032,000 | 13,903,904 |
1.25%, 11/30/26 | 17,000,000 | 15,258,681 |
1.63%, 11/30/26 | 6,286,000 | 5,734,461 |
1.25%, 12/31/26 | 16,500,000 | 14,782,899 |
1.75%, 12/31/26 | 5,490,000 | 5,028,063 |
1.50%, 01/31/27 | 21,190,000 | 19,140,524 |
2.25%, 02/15/27 | 13,626,000 | 12,684,498 |
1.13%, 02/28/27 | 2,300,000 | 2,046,018 |
1.88%, 02/28/27 | 15,000,000 | 13,742,666 |
0.63%, 03/31/27 | 5,600,000 | 4,861,742 |
2.50%, 03/31/27 | 15,000,000 | 14,086,730 |
0.50%, 04/30/27 | 7,350,000 | 6,331,965 |
2.75%, 04/30/27 | 15,000,000 | 14,224,521 |
2.38%, 05/15/27 | 15,420,000 | 14,381,870 |
0.50%, 05/31/27 | 8,700,000 | 7,464,085 |
2.63%, 05/31/27 | 12,000,000 | 11,316,854 |
0.50%, 06/30/27 | 8,400,000 | 7,189,341 |
3.25%, 06/30/27 | 13,500,000 | 13,061,700 |
0.38%, 07/31/27 | 8,600,000 | 7,300,726 |
2.75%, 07/31/27 | 13,000,000 | 12,306,226 |
2.25%, 08/15/27 | 10,272,000 | 9,506,328 |
0.50%, 08/31/27 | 8,500,000 | 7,236,775 |
3.13%, 08/31/27 | 8,000,000 | 7,699,057 |
0.38%, 09/30/27 | 11,000,000 | 9,280,600 |
4.13%, 09/30/27 | 12,500,000 | 12,551,894 |
0.50%, 10/31/27 | 10,700,000 | 9,056,364 |
4.13%, 10/31/27 | 13,000,000 | 13,054,038 |
2.25%, 11/15/27 | 11,274,000 | 10,395,427 |
0.63%, 11/30/27 | 13,700,000 | 11,643,741 |
3.88%, 11/30/27 | 12,000,000 | 11,939,749 |
0.63%, 12/31/27 | 15,900,000 | 13,480,654 |
3.88%, 12/31/27 | 12,000,000 | 11,932,145 |
0.75%, 01/31/28 | 15,700,000 | 13,362,030 |
2.75%, 02/15/28 | 17,322,000 | 16,295,725 |
1.13%, 02/29/28 | 16,300,000 | 14,121,728 |
1.25%, 03/31/28 | 15,000,000 | 13,050,584 |
1.25%, 04/30/28 | 17,600,000 | 15,283,162 |
2.88%, 05/15/28 | 16,770,000 | 15,839,476 |
1.25%, 05/31/28 | 18,000,000 | 15,597,499 |
1.25%, 06/30/28 | 15,700,000 | 13,582,444 |
1.00%, 07/31/28 | 15,500,000 | 13,184,760 |
2.88%, 08/15/28 | 18,368,000 | 17,306,578 |
1.13%, 08/31/28 | 16,000,000 | 13,675,752 |
1.25%, 09/30/28 | 17,700,000 | 15,213,217 |
1.38%, 10/31/28 | 15,500,000 | 13,393,204 |
3.13%, 11/15/28 | 16,714,000 | 15,945,522 |
1.50%, 11/30/28 | 15,000,000 | 13,032,120 |
1.38%, 12/31/28 | 13,000,000 | 11,214,288 |
1.75%, 01/31/29 | 11,800,000 | 10,375,997 |
2.63%, 02/15/29 | 14,666,000 | 13,571,171 |
1.88%, 02/28/29 | 12,500,000 | 11,076,536 |
2.38%, 03/31/29 | 11,400,000 | 10,382,889 |
2.88%, 04/30/29 | 10,500,000 | 9,839,317 |
2.38%, 05/15/29 | 12,358,000 | 11,241,948 |
2.75%, 05/31/29 | 10,000,000 | 9,295,398 |
3.25%, 06/30/29 | 11,000,000 | 10,530,984 |
2.63%, 07/31/29 | 9,000,000 | 8,294,148 |
1.63%, 08/15/29 | 6,666,000 | 5,786,914 |
3.13%, 08/31/29 | 8,500,000 | 8,074,498 |
3.88%, 09/30/29 | 9,000,000 | 8,939,825 |
4.00%, 10/31/29 | 38,500,000 | 38,537,549 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.75%, 11/15/29 | 6,266,000 | 5,471,052 |
3.88%, 11/30/29 | 11,000,000 | 10,931,681 |
3.88%, 12/31/29 | 9,500,000 | 9,445,202 |
1.50%, 02/15/30 | 11,398,000 | 9,716,892 |
0.63%, 05/15/30 | 12,700,000 | 10,058,799 |
0.63%, 08/15/30 | 20,000,000 | 15,751,664 |
0.88%, 11/15/30 | 25,000,000 | 20,000,380 |
1.13%, 02/15/31 | 29,500,000 | 24,064,000 |
1.63%, 05/15/31 | 25,000,000 | 21,051,760 |
1.25%, 08/15/31 | 27,500,000 | 22,332,049 |
1.38%, 11/15/31 | 26,800,000 | 21,827,611 |
1.88%, 02/15/32 | 32,000,000 | 27,142,794 |
2.88%, 05/15/32 | 28,250,000 | 26,047,952 |
4.13%, 11/15/32 | 22,500,000 | 22,950,344 |
Total Treasuries (Cost $2,972,720,371) | 2,779,962,408 | |
GOVERNMENT RELATED 5.0% OF NET ASSETS | ||
Agency 1.9% | ||
Foreign 0.7% | ||
Austria 0.0% | ||
Oesterreichische Kontrollbank AG | ||
0.50%, 09/16/24 | 100,000 | 93,254 |
1.50%, 02/12/25 | 700,000 | 657,958 |
0.38%, 09/17/25 | 500,000 | 448,919 |
4.63%, 11/03/25 | 375,000 | 376,809 |
0.50%, 02/02/26 | 725,000 | 644,147 |
2,221,087 | ||
Canada 0.0% | ||
Export Development Canada | ||
2.63%, 02/21/24 | 240,000 | 234,325 |
3.00%, 05/25/27 | 1,000,000 | 952,958 |
1,187,283 | ||
China 0.0% | ||
Industrial & Commercial Bank of China Ltd. | ||
3.54%, 11/08/27 | 250,000 | 237,877 |
Germany 0.3% | ||
FMS Wertmanagement | ||
2.75%, 01/30/24 (g) | 700,000 | 684,778 |
Kreditanstalt Fuer Wiederaufbau | ||
2.13%, 01/17/23(g) | 200,000 | 199,846 |
2.63%, 02/28/24(g) | 1,700,000 | 1,658,432 |
0.25%, 03/08/24(g) | 1,500,000 | 1,422,354 |
1.38%, 08/05/24(g) | 1,400,000 | 1,329,517 |
0.50%, 09/20/24(g) | 2,000,000 | 1,864,908 |
2.50%, 11/20/24(g) | 2,200,000 | 2,117,000 |
1.25%, 01/31/25(g) | 1,750,000 | 1,638,477 |
0.38%, 07/18/25(g) | 1,550,000 | 1,402,434 |
0.63%, 01/22/26(g) | 1,750,000 | 1,567,193 |
1.00%, 10/01/26(g) | 1,000,000 | 888,678 |
3.00%, 05/20/27(g) | 1,750,000 | 1,669,538 |
2.88%, 04/03/28(g) | 1,100,000 | 1,035,269 |
1.75%, 09/14/29(g) | 700,000 | 605,743 |
0.75%, 09/30/30(g) | 700,000 | 547,307 |
0.00%, 04/18/36(g)(h) | 250,000 | 142,991 |
0.00%, 06/29/37(g)(h) | 850,000 | 465,967 |
Landwirtschaftliche Rentenbank | ||
2.00%, 01/13/25(g) | 850,000 | 809,373 |
2.38%, 06/10/25(g) | 600,000 | 571,834 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.88%, 03/30/26(g) | 500,000 | 447,641 |
1.75%, 07/27/26(g) | 500,000 | 457,784 |
2.50%, 11/15/27(g) | 500,000 | 463,387 |
0.88%, 09/03/30(g) | 750,000 | 591,241 |
22,581,692 | ||
Japan 0.2% | ||
Japan Bank for International Cooperation | ||
2.50%, 05/23/24 | 1,150,000 | 1,112,709 |
1.75%, 10/17/24 | 500,000 | 472,908 |
2.50%, 05/28/25 | 200,000 | 189,940 |
0.63%, 07/15/25 | 700,000 | 631,935 |
1.88%, 07/21/26 | 350,000 | 317,782 |
2.25%, 11/04/26 | 1,400,000 | 1,280,958 |
2.88%, 06/01/27 | 1,450,000 | 1,351,215 |
2.88%, 07/21/27 | 650,000 | 605,112 |
2.75%, 11/16/27 | 700,000 | 644,447 |
3.25%, 07/20/28 | 400,000 | 374,229 |
3.50%, 10/31/28 | 350,000 | 330,289 |
2.13%, 02/16/29 | 400,000 | 347,276 |
2.00%, 10/17/29 | 700,000 | 594,661 |
1.25%, 01/21/31 | 250,000 | 195,137 |
1.88%, 04/15/31 | 1,250,000 | 1,020,578 |
Japan International Cooperation Agency | ||
2.13%, 10/20/26 | 200,000 | 182,548 |
2.75%, 04/27/27 | 400,000 | 370,825 |
1.00%, 07/22/30 | 370,000 | 284,275 |
1.75%, 04/28/31 | 350,000 | 282,356 |
10,589,180 | ||
Norway 0.1% | ||
Equinor A.S.A. | ||
2.65%, 01/15/24 | 450,000 | 439,256 |
3.70%, 03/01/24 | 550,000 | 543,027 |
3.25%, 11/10/24 | 150,000 | 146,461 |
2.88%, 04/06/25(a) | 450,000 | 431,704 |
1.75%, 01/22/26(a) | 250,000 | 228,840 |
3.00%, 04/06/27(a) | 150,000 | 140,366 |
7.25%, 09/23/27 | 50,000 | 55,599 |
3.63%, 09/10/28(a) | 350,000 | 332,205 |
3.13%, 04/06/30(a) | 450,000 | 405,234 |
2.38%, 05/22/30(a) | 250,000 | 213,267 |
3.63%, 04/06/40(a) | 200,000 | 164,498 |
4.25%, 11/23/41 | 200,000 | 176,469 |
3.95%, 05/15/43 | 300,000 | 251,799 |
4.80%, 11/08/43 | 260,000 | 245,281 |
3.25%, 11/18/49(a) | 350,000 | 256,443 |
3.70%, 04/06/50(a) | 450,000 | 359,496 |
4,389,945 | ||
Republic of Korea 0.1% | ||
Export-Import Bank of Korea | ||
2.38%, 06/25/24 | 450,000 | 433,269 |
1.25%, 01/18/25 | 300,000 | 278,361 |
2.88%, 01/21/25 | 700,000 | 671,285 |
1.88%, 02/12/25 | 200,000 | 187,451 |
3.25%, 11/10/25 | 750,000 | 713,488 |
2.63%, 05/26/26 | 250,000 | 233,382 |
3.25%, 08/12/26 | 200,000 | 190,046 |
1.13%, 12/29/26 | 550,000 | 477,599 |
1.63%, 01/18/27 | 300,000 | 264,783 |
2.38%, 04/21/27 | 250,000 | 226,163 |
1.25%, 09/21/30 | 700,000 | 537,907 |
2.13%, 01/18/32 | 350,000 | 280,757 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Korea Development Bank | ||
3.75%, 01/22/24 | 300,000 | 296,402 |
0.40%, 03/09/24 | 200,000 | 189,577 |
2.13%, 10/01/24 | 350,000 | 333,357 |
3.38%, 09/16/25 | 500,000 | 479,106 |
3.00%, 01/13/26 | 200,000 | 190,155 |
0.80%, 07/19/26 | 400,000 | 348,638 |
1.00%, 09/09/26 | 250,000 | 218,453 |
2.00%, 09/12/26 | 350,000 | 317,248 |
1.63%, 01/19/31 | 450,000 | 354,337 |
2.00%, 10/25/31 | 250,000 | 199,270 |
4.25%, 09/08/32 | 200,000 | 190,079 |
7,611,113 | ||
Sweden 0.0% | ||
Svensk Exportkredit AB | ||
1.75%, 12/12/23 | 500,000 | 485,534 |
0.38%, 03/11/24 | 500,000 | 473,978 |
0.38%, 07/30/24 | 350,000 | 327,045 |
0.63%, 10/07/24 | 200,000 | 186,187 |
0.63%, 05/14/25 | 650,000 | 593,443 |
0.50%, 08/26/25 | 500,000 | 449,827 |
2.25%, 03/22/27 | 350,000 | 322,070 |
2,838,084 | ||
51,656,261 | ||
U.S. 1.2% | ||
Fannie Mae | ||
2.50%, 02/05/24 | 4,500,000 | 4,390,881 |
1.63%, 01/07/25 | 1,000,000 | 944,925 |
0.63%, 04/22/25 | 2,000,000 | 1,835,378 |
0.50%, 06/17/25 | 3,000,000 | 2,731,620 |
0.38%, 08/25/25 | 3,500,000 | 3,158,888 |
0.50%, 11/07/25 | 4,000,000 | 3,597,010 |
2.13%, 04/24/26 | 6,000,000 | 5,622,409 |
0.75%, 10/08/27 | 5,000,000 | 4,301,287 |
7.13%, 01/15/30 | 527,000 | 624,662 |
7.25%, 05/15/30 | 1,000,000 | 1,200,490 |
0.88%, 08/05/30 | 1,000,000 | 795,446 |
6.63%, 11/15/30 | 2,700,000 | 3,160,435 |
5.63%, 07/15/37 | 1,500,000 | 1,671,202 |
Federal Farm Credit Banks Funding Corp. | ||
0.25%, 02/26/24 | 800,000 | 760,565 |
3.10%, 06/28/24 | 2,000,000 | 1,955,175 |
4.50%, 11/18/24 | 1,500,000 | 1,497,713 |
Federal Home Loan Banks | ||
2.50%, 02/13/24 | 1,600,000 | 1,562,764 |
2.13%, 02/28/24 | 1,500,000 | 1,459,706 |
4.75%, 03/08/24 | 1,000,000 | 998,530 |
2.88%, 06/14/24 | 1,075,000 | 1,045,654 |
1.50%, 08/15/24 | 2,000,000 | 1,902,066 |
5.38%, 08/15/24 | 1,750,000 | 1,766,602 |
4.50%, 10/03/24 | 1,500,000 | 1,500,325 |
0.50%, 04/14/25 | 2,000,000 | 1,834,402 |
0.50%, 06/13/25 | 2,000,000 | 1,819,325 |
0.38%, 09/04/25 | 1,000,000 | 902,519 |
1.25%, 12/21/26 | 500,000 | 447,415 |
3.25%, 11/16/28 | 5,000,000 | 4,806,947 |
5.50%, 07/15/36 | 400,000 | 442,127 |
Freddie Mac | ||
1.50%, 02/12/25 | 5,000,000 | 4,707,943 |
0.38%, 07/21/25 | 4,000,000 | 3,620,826 |
0.38%, 09/23/25 | 6,000,000 | 5,402,965 |
6.75%, 09/15/29 | 500,000 | 577,324 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
6.75%, 03/15/31 | 1,564,000 | 1,845,502 |
6.25%, 07/15/32 | 700,000 | 817,074 |
Tennessee Valley Authority | ||
2.88%, 09/15/24 | 2,000,000 | 1,938,805 |
6.75%, 11/01/25 | 488,000 | 518,583 |
2.88%, 02/01/27 | 500,000 | 477,046 |
5.25%, 09/15/39 | 750,000 | 779,166 |
4.63%, 09/15/60 | 100,000 | 94,154 |
79,515,856 | ||
131,172,117 | ||
Local Authority 0.8% | ||
Foreign 0.2% | ||
Canada 0.2% | ||
Hydro-Quebec | ||
8.05%, 07/07/24 | 810,000 | 847,729 |
Province of Alberta | ||
2.95%, 01/23/24 | 500,000 | 490,259 |
1.88%, 11/13/24 | 700,000 | 664,979 |
1.00%, 05/20/25 | 200,000 | 184,195 |
3.30%, 03/15/28 | 600,000 | 568,750 |
1.30%, 07/22/30 | 700,000 | 560,507 |
Province of British Columbia | ||
1.75%, 09/27/24 | 350,000 | 332,982 |
2.25%, 06/02/26 | 500,000 | 465,702 |
0.90%, 07/20/26 | 600,000 | 531,711 |
1.30%, 01/29/31 | 750,000 | 598,324 |
Province of Manitoba | ||
2.60%, 04/16/24 | 250,000 | 243,030 |
3.05%, 05/14/24 | 250,000 | 244,199 |
2.13%, 06/22/26 | 300,000 | 277,597 |
1.50%, 10/25/28 | 250,000 | 212,356 |
Province of New Brunswick | ||
3.63%, 02/24/28 | 100,000 | 96,394 |
Province of Ontario | ||
3.05%, 01/29/24 | 750,000 | 735,807 |
3.20%, 05/16/24 | 550,000 | 537,978 |
0.63%, 01/21/26 | 750,000 | 667,505 |
1.05%, 04/14/26 | 750,000 | 671,388 |
2.50%, 04/27/26 | 600,000 | 562,298 |
2.30%, 06/15/26 | 550,000 | 510,897 |
1.05%, 05/21/27 | 400,000 | 347,104 |
2.00%, 10/02/29 | 400,000 | 344,500 |
1.13%, 10/07/30 | 500,000 | 393,269 |
1.60%, 02/25/31 | 500,000 | 405,793 |
1.80%, 10/14/31 | 500,000 | 405,789 |
2.13%, 01/21/32 | 250,000 | 207,895 |
Province of Quebec | ||
7.13%, 02/09/24 | 300,000 | 306,902 |
2.50%, 04/09/24 | 200,000 | 194,258 |
2.88%, 10/16/24 | 450,000 | 436,267 |
1.50%, 02/11/25 | 700,000 | 657,576 |
0.60%, 07/23/25 | 950,000 | 861,852 |
2.50%, 04/20/26 | 300,000 | 282,480 |
2.75%, 04/12/27 | 400,000 | 375,247 |
7.50%, 09/15/29 | 468,000 | 549,727 |
1.35%, 05/28/30 | 400,000 | 323,936 |
1.90%, 04/21/31 | 300,000 | 249,107 |
16,346,289 |
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 | 124,916 |
American Municipal Power, Inc. | ||
RB (Build America Bonds) Series 2010 | ||
5.94%, 02/15/47 | 200,000 | 207,908 |
RB (Build America Bonds) Series 2010 | ||
6.27%, 02/15/50 | 480,000 | 504,705 |
RB (Build America Bonds) Series 2010 | ||
8.08%, 02/15/50 | 250,000 | 320,806 |
Bay Area Toll Authority | ||
RB (Build America Bonds) Series 2009F2 | ||
6.26%, 04/01/49 | 500,000 | 575,650 |
RB (Build America Bonds) Series 2010S1 | ||
7.04%, 04/01/50 | 300,000 | 368,638 |
RB (Build America Bonds) Series 2010S3 | ||
6.91%, 10/01/50 | 350,000 | 428,486 |
California | ||
GO (Build America Bonds) Series 2009 | ||
7.50%, 04/01/34 | 1,050,000 | 1,275,063 |
GO (Build America Bonds) Series 2009 | ||
7.55%, 04/01/39 | 1,000,000 | 1,263,925 |
GO (Build America Bonds) Series 2009 | ||
7.30%, 10/01/39 | 800,000 | 971,407 |
GO (Build America Bonds) Series 2009 | ||
7.35%, 11/01/39 | 615,000 | 750,246 |
California State University | ||
RB Series 2017B | ||
3.90%, 11/01/47(a) | 100,000 | 82,804 |
Series B | ||
2.72%, 11/01/52 | 400,000 | 256,814 |
Chicago O'Hare International Airport | ||
RB (Build America Bonds) Series 2010B | ||
6.40%, 01/01/40 | 150,000 | 167,217 |
Series C | ||
4.47%, 01/01/49 | 150,000 | 133,829 |
Series C | ||
4.57%, 01/01/54 | 50,000 | 45,062 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
RB (Pension Funding) Series 2008A | ||
6.90%, 12/01/40 | 435,000 | 481,342 |
RB (Pension Funding) Series 2008B | ||
6.90%, 12/01/40 | 195,000 | 215,995 |
City of Atlanta GA Water & Wastewater Revenue | ||
2.26%, 11/01/35 (a) | 125,000 | 93,802 |
City of Houston TX | ||
GO Bonds (Pension Funding) Series 2017 | ||
3.96%, 03/01/47 | 255,000 | 220,506 |
City of San Antonio TX Electric & Gas Systems Revenue | ||
2.91%, 02/01/48(a) | 125,000 | 87,201 |
RB (Build America Bonds) Series 2009 | ||
5.99%, 02/01/39 | 150,000 | 161,555 |
RB Series 2012 | ||
4.43%, 02/01/42 | 200,000 | 182,548 |
City of San Francisco CA Public Utilities Commission Water Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.95%, 11/01/50 | 150,000 | 182,310 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series A | ||
3.30%, 11/01/39(a) | 250,000 | 196,964 |
City of Tucson AZ | ||
Series A, (AGM) | ||
2.86%, 07/01/47 | 650,000 | 440,166 |
Commonwealth Financing Authority | ||
Series A | ||
4.14%, 06/01/38 | 215,000 | 188,645 |
Commonwealth of Massachusetts | ||
GO (Build America Bonds) Series 2009 | ||
5.46%, 12/01/39 | 100,000 | 103,014 |
GO (Build America Bonds) Series 2010D | ||
4.50%, 08/01/31 | 400,000 | 389,962 |
Series D | ||
2.66%, 09/01/39 | 143,092 | 110,845 |
Series D | ||
2.81%, 09/01/43 | 150,000 | 106,182 |
Series H | ||
2.90%, 09/01/49 | 300,000 | 202,239 |
Commonwealth of Massachusetts Transportation Fund Revenue | ||
RB (Build America Bonds) Series 2010 | ||
5.73%, 06/01/40 | 200,000 | 207,550 |
Connecticut | ||
GO Bonds Series 2008A | ||
5.85%, 03/15/32 | 400,000 | 422,325 |
County of Clark Department of Aviation | ||
RB (Build America Bonds) Series 2010C | ||
6.82%, 07/01/45 | 350,000 | 416,413 |
County of Cook IL | ||
GO (Build America Bonds) Series D | ||
6.23%, 11/15/34 | 50,000 | 53,694 |
County of Miami-Dade FL Water & Sewer System Revenue | ||
Series C | ||
3.49%, 10/01/42 (a) | 150,000 | 119,777 |
Dallas Area Rapid Transit | ||
RB (Build America Bonds) Series 2010 | ||
5.02%, 12/01/48 | 250,000 | 242,622 |
Series B | ||
6.00%, 12/01/44 | 300,000 | 330,580 |
Dallas County Hospital District | ||
GO (Build America Bonds) Series C | ||
5.62%, 08/15/44 | 150,000 | 157,964 |
Dallas Fort Worth International Airport | ||
Series A | ||
2.99%, 11/01/38 | 150,000 | 120,134 |
Series A | ||
3.14%, 11/01/45 | 20,000 | 14,896 |
Series C | ||
3.09%, 11/01/40(a) | 160,000 | 121,101 |
Dallas Independent School District | ||
GO (Build America Bonds) Series 2010C | ||
6.45%, 02/15/35 (a) | 350,000 | 356,014 |
Dallas/Fort Worth International Airport | ||
RB Series 2020C | ||
2.92%, 11/01/50 | 150,000 | 104,990 |
District of Columbia | ||
Series E | ||
5.59%, 12/01/34 | 350,000 | 363,378 |
District of Columbia Water & Sewer Authority | ||
RB Series 2014A | ||
4.81%, 10/01/14 | 185,000 | 159,932 |
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 | 54,358 |
Foothill-Eastern Transportation Corridor Agency | ||
Series A | ||
4.09%, 01/15/49(a) | 100,000 | 76,402 |
Series A | ||
3.92%, 01/15/53(a) | 100,000 | 71,546 |
Golden State Tobacco Securitization Corp. | ||
3.00%, 06/01/46 | 175,000 | 157,558 |
Grand Parkway Transportation Corp. | ||
RB Series 2013E | ||
5.18%, 10/01/42 | 200,000 | 202,975 |
Series B | ||
3.24%, 10/01/52(a) | 300,000 | 214,485 |
Illinois | ||
4.95%, 06/01/23 | 150,000 | 149,672 |
GO (Build America Bonds) Series 2010 | ||
6.63%, 02/01/35 | 150,000 | 152,205 |
GO (Build America Bonds) Series 2010 | ||
6.73%, 04/01/35 | 125,000 | 128,330 |
GO Bonds (Pension Funding) Series 2003 | ||
5.10%, 06/01/33 | 2,445,000 | 2,341,529 |
JobsOhio Beverage System | ||
RB (Build America Bonds) Series B | ||
3.99%, 01/01/29 | 100,000 | 97,322 |
Series B | ||
4.53%, 01/01/35 | 200,000 | 192,851 |
Los Angeles Community College District | ||
GO (Build America Bonds) Series 2010 | ||
6.75%, 08/01/49 | 85,000 | 106,025 |
GO Bonds Series 2020 | ||
1.61%, 08/01/28 | 125,000 | 106,858 |
GO Bonds Series 2020 | ||
1.81%, 08/01/30 | 200,000 | 163,311 |
GO Bonds Series 2020 | ||
2.11%, 08/01/32(a) | 350,000 | 273,879 |
Los Angeles Department of Water & Power System Revenue | ||
RB (Build America Bonds) Series 2010 | ||
6.57%, 07/01/45 | 250,000 | 294,587 |
Los Angeles Unified School District | ||
GO (Build America Bonds) Series 2009 | ||
5.76%, 07/01/29 | 300,000 | 309,445 |
GO (Build America Bonds) Series 2009 | ||
5.75%, 07/01/34 | 225,000 | 235,002 |
GO (Build America Bonds) Series 2010 | ||
6.76%, 07/01/34 | 450,000 | 503,537 |
Maryland Health & Higher Educational Facilities Authority | ||
RB Series D | ||
3.05%, 07/01/40(a) | 100,000 | 70,645 |
RB Series D | ||
3.20%, 07/01/50 | 100,000 | 66,471 |
Massachusetts School Building Authority | ||
RB Series B | ||
1.75%, 08/15/30 | 500,000 | 406,968 |
RB Series B | ||
3.40%, 10/15/40(a) | 100,000 | 79,178 |
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | ||
RB (Vanderbilt Univ Medical Center) Series 2016 B | ||
4.05%, 07/01/26 (a) | 200,000 | 190,928 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Metropolitan Transportation Authority | ||
RB (Build America Bonds) Series C | ||
7.34%, 11/15/39 | 350,000 | 428,817 |
RB (Build America Bonds) Series E | ||
6.81%, 11/15/40 | 650,000 | 703,258 |
Metropolitan Water Reclamation District of Greater Chicago | ||
5.72%, 12/01/38 | 250,000 | 262,337 |
Michigan Finance Authority | ||
RB Series 2019 | ||
3.38%, 12/01/40 | 350,000 | 278,633 |
Michigan State Building Authority | ||
RB Series 2020 | ||
2.71%, 10/15/40 (a) | 250,000 | 180,588 |
Missouri Health & Educational Facilities Authority | ||
RB Series 2017A | ||
3.65%, 08/15/57 (a) | 75,000 | 56,655 |
Municipal Electric Authority of Georgia | ||
RB (Build America Bonds) Series 2010 | ||
6.66%, 04/01/57 | 147,000 | 156,377 |
RB (Build America Bonds) Series A | ||
6.64%, 04/01/57 | 240,000 | 257,296 |
New Jersey Economic Development Authority | ||
Series A | ||
7.43%, 02/15/29 | 516,000 | 555,743 |
New Jersey Transportation Trust Fund Authority | ||
RB (Build America Bonds) Series 2010C | ||
5.75%, 12/15/28 | 400,000 | 403,007 |
RB (Build America Bonds) Series B | ||
6.56%, 12/15/40 | 50,000 | 53,607 |
RB Series 2019B | ||
4.13%, 06/15/42 | 250,000 | 201,203 |
New Jersey Turnpike Authority | ||
RB (Build America Bonds) Series 2009F | ||
7.41%, 01/01/40 | 500,000 | 618,683 |
RB (Build America Bonds) Series 2010A | ||
7.10%, 01/01/41 | 650,000 | 781,587 |
New York City Transitional Finance Authority | ||
RB (Build America Bonds) Series 2011A1 | ||
5.51%, 08/01/37 | 450,000 | 455,727 |
New York City Water & Sewer System | ||
Water System RB (Build America Bonds) | ||
6.01%, 06/15/42 | 250,000 | 274,972 |
Water System RB (Build America Bonds) Series 2009 | ||
5.75%, 06/15/41 | 300,000 | 322,085 |
Water System RB (Build America Bonds) Series 2011CC | ||
5.88%, 06/15/44 | 250,000 | 274,131 |
New York State Dormitory Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.60%, 03/15/40 | 200,000 | 205,635 |
RB Series 2009F | ||
5.63%, 03/15/39 | 200,000 | 205,084 |
Series B | ||
3.14%, 07/01/43 | 200,000 | 155,565 |
Series F | ||
3.11%, 02/15/39 | 200,000 | 156,855 |
New York State Thruway Authority | ||
Series M | ||
2.90%, 01/01/35 | 150,000 | 122,561 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
New York State Urban Development Corp. | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 03/15/39 | 185,000 | 190,401 |
North Texas Tollway Authority | ||
RB (Build America Bonds) Series 2009B | ||
6.72%, 01/01/49 | 350,000 | 419,415 |
Ohio State University | ||
RB (Build America Bonds) Series 2010C | ||
4.91%, 06/01/40 | 650,000 | 657,470 |
Series A | ||
3.80%, 12/01/46 | 75,000 | 62,621 |
Ohio Turnpike & Infrastructure Commission | ||
RB Series A | ||
3.22%, 02/15/48 (a) | 100,000 | 70,716 |
Oregon | ||
GO Bonds (Pension Funding) Series 2003 | ||
5.89%, 06/01/27 | 300,000 | 309,116 |
Oregon School Boards Association | ||
Series B | ||
5.55%, 06/30/28 | 500,000 | 509,642 |
Port Authority of New York & New Jersey | ||
Consolidated Bonds 164th Series | ||
5.65%, 11/01/40 | 240,000 | 252,490 |
Consolidated Bonds 165th Series | ||
5.65%, 11/01/40 | 200,000 | 210,408 |
Consolidated Bonds 168th Series | ||
4.93%, 10/01/51 | 650,000 | 618,079 |
Consolidated Bonds 174th Series | ||
4.46%, 10/01/62 | 950,000 | 828,706 |
Consolidated Bonds 181st Series | ||
4.96%, 08/01/46 | 200,000 | 193,677 |
Regents of the University of California Medical Center Pooled Revenue | ||
6.55%, 05/15/48 | 100,000 | 113,857 |
6.58%, 05/15/49 | 200,000 | 227,523 |
Series N | ||
3.01%, 05/15/50(a) | 200,000 | 132,138 |
Regional Transportation District Sales Tax Revenue | ||
Series B | ||
5.84%, 11/01/50 | 200,000 | 215,351 |
Rutgers The State University of New Jersey | ||
Series P | ||
3.92%, 05/01/19(a) | 150,000 | 99,161 |
Series R | ||
3.27%, 05/01/43 | 100,000 | 76,166 |
Sales Tax Securitization Corp. | ||
RB Series 2017B | ||
3.59%, 01/01/43 | 200,000 | 157,999 |
RB Series B | ||
3.82%, 01/01/48 | 250,000 | 190,322 |
Salt River Project Agricultural Improvement & Power District | ||
RB (Build America Bonds) Series 2010 | ||
4.84%, 01/01/41 | 75,000 | 73,182 |
San Diego County Regional Transportation Commission | ||
RB (Build America Bonds) Series 2010A | ||
5.91%, 04/01/48 | 300,000 | 319,103 |
San Diego County Water Authority | ||
RB (Build America Bonds) Series 2010B | ||
6.14%, 05/01/49 | 350,000 | 385,818 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
San Jose Redevelopment Agency Successor Agency | ||
Series A | ||
3.38%, 08/01/34 (a) | 500,000 | 436,727 |
Santa Clara Valley Transportation Authority | ||
RB (Build America Bonds) Series 2010 | ||
5.88%, 04/01/32 | 150,000 | 154,680 |
State Board of Administration Finance Corp. | ||
Series A | ||
1.26%, 07/01/25 | 350,000 | 319,619 |
Series A | ||
1.71%, 07/01/27 | 350,000 | 302,387 |
Series A | ||
2.15%, 07/01/30 | 350,000 | 286,422 |
State of California | ||
2.38%, 10/01/26 | 175,000 | 161,222 |
7.63%, 03/01/40 | 100,000 | 125,955 |
GO Bonds | ||
7.60%, 11/01/40 | 300,000 | 384,366 |
State of Illinois | ||
GO (Build America Bonds) Series 2010 | ||
7.35%, 07/01/35 | 139,286 | 145,869 |
State of Oregon Department of Transportation | ||
RB (Build America Bonds) Series 2010A | ||
5.83%, 11/15/34 | 125,000 | 134,019 |
Texas | ||
GO (Build America Bonds) Series 2010A | ||
4.68%, 04/01/40 | 500,000 | 484,855 |
GO Mobility Fund Bonds (Build America Bonds) Series 2009A | ||
5.52%, 04/01/39 | 500,000 | 527,736 |
Texas Private Activity Bond Surface Transportation Corp. | ||
RB Series B | ||
3.92%, 12/31/49 | 350,000 | 261,571 |
Texas Transportation Commission | ||
GO Bonds Series 2020 | ||
2.47%, 10/01/44(a) | 350,000 | 240,553 |
RB (Build America Bonds) Series B | ||
5.18%, 04/01/30 | 130,000 | 132,834 |
University of California | ||
RB (Build America Bonds) Series 2009 | ||
5.77%, 05/15/43 | 300,000 | 317,285 |
RB Series 2013AJ | ||
4.60%, 05/15/31 | 250,000 | 245,700 |
RB Series 2015AQ | ||
4.77%, 05/15/15 | 300,000 | 246,353 |
RB Series AD | ||
4.86%, 05/15/12 | 400,000 | 339,262 |
RB Series AS | ||
5.95%, 05/15/45 | 250,000 | 267,726 |
RB Series BG | ||
1.61%, 05/15/30(a) | 250,000 | 197,372 |
RB Series BJ | ||
3.07%, 05/15/51(a) | 250,000 | 168,018 |
University of Michigan | ||
Series B | ||
2.44%, 04/01/40 (a) | 250,000 | 178,282 |
University of Pittsburgh-of the Commonwealth System of Higher Education | ||
RB Series 2019A | ||
3.56%, 09/15/19 (a) | 250,000 | 155,702 |
University of Texas System | ||
RB (Build America Bonds) Series C | ||
4.79%, 08/15/46 | 50,000 | 49,323 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
University of Virginia | ||
General Revenue Pledge and Refunding Bonds, Series 2020 | ||
2.26%, 09/01/50(a) | 400,000 | 239,238 |
Series B | ||
2.58%, 11/01/51(a) | 250,000 | 159,373 |
Series C | ||
4.18%, 09/01/17(a) | 150,000 | 110,587 |
Utah | ||
GO (Build America Bonds) Series B | ||
3.54%, 07/01/25 | 165,165 | 162,315 |
GO (Build America Bonds) Series D | ||
4.55%, 07/01/24 | 130,000 | 129,684 |
Westchester County Local Development Corp. | ||
RB Series 2020 | ||
3.85%, 11/01/50 (a) | 250,000 | 171,612 |
Wisconsin | ||
RB Series A | ||
5.70%, 05/01/26 | 325,000 | 329,474 |
41,668,077 | ||
58,014,366 | ||
Sovereign 1.0% | ||
Canada 0.0% | ||
Canada Government International Bond | ||
1.63%, 01/22/25 | 1,050,000 | 993,076 |
2.88%, 04/28/25 | 750,000 | 724,866 |
0.75%, 05/19/26 | 250,000 | 222,472 |
1,940,414 | ||
Chile 0.1% | ||
Chile Government International Bond | ||
3.13%, 03/27/25 | 200,000 | 193,692 |
3.13%, 01/21/26 | 200,000 | 189,984 |
2.75%, 01/31/27(a) | 500,000 | 461,241 |
3.24%, 02/06/28(a) | 550,000 | 512,065 |
2.45%, 01/31/31(a) | 650,000 | 541,301 |
2.55%, 01/27/32(a) | 600,000 | 492,878 |
2.55%, 07/27/33(a) | 500,000 | 393,008 |
3.50%, 01/31/34(a) | 500,000 | 427,892 |
3.10%, 05/07/41(a) | 400,000 | 288,415 |
4.34%, 03/07/42(a) | 250,000 | 212,021 |
3.63%, 10/30/42 | 100,000 | 76,578 |
3.86%, 06/21/47 | 450,000 | 352,693 |
3.50%, 01/25/50(a) | 850,000 | 618,249 |
4.00%, 01/31/52(a) | 350,000 | 271,271 |
3.10%, 01/22/61(a) | 650,000 | 407,236 |
3.25%, 09/21/71(a) | 350,000 | 217,155 |
5,655,679 | ||
Hungary 0.0% | ||
Hungary Government International Bond | ||
5.38%, 03/25/24 | 550,000 | 550,130 |
7.63%, 03/29/41 | 400,000 | 437,082 |
987,212 | ||
Indonesia 0.1% | ||
Indonesia Government International Bond | ||
3.50%, 01/11/28 | 450,000 | 428,746 |
4.10%, 04/24/28 | 250,000 | 246,308 |
4.75%, 02/11/29 | 400,000 | 402,003 |
3.40%, 09/18/29 | 200,000 | 184,733 |
2.85%, 02/14/30 | 600,000 | 540,043 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.85%, 10/15/30 | 550,000 | 520,689 |
1.85%, 03/12/31(d) | 400,000 | 325,843 |
3.55%, 03/31/32(a) | 350,000 | 319,335 |
4.35%, 01/11/48 | 700,000 | 604,276 |
5.35%, 02/11/49 | 300,000 | 292,794 |
3.70%, 10/30/49 | 200,000 | 155,124 |
3.50%, 02/14/50 | 500,000 | 373,201 |
4.20%, 10/15/50 | 650,000 | 538,599 |
3.05%, 03/12/51 | 350,000 | 254,152 |
4.45%, 04/15/70 | 450,000 | 378,394 |
3.35%, 03/12/71 | 200,000 | 133,811 |
5,698,051 | ||
Israel 0.1% | ||
Israel Government International Bond | ||
2.88%, 03/16/26 | 300,000 | 285,580 |
3.25%, 01/17/28 | 300,000 | 284,730 |
2.50%, 01/15/30 | 300,000 | 268,590 |
2.75%, 07/03/30 | 500,000 | 455,170 |
4.50%, 01/30/43 | 400,000 | 372,948 |
4.13%, 01/17/48 | 250,000 | 219,577 |
3.38%, 01/15/50 | 600,000 | 460,586 |
3.88%, 07/03/50 | 650,000 | 546,058 |
4.50%, 04/03/20 | 300,000 | 263,242 |
3,156,481 | ||
Italy 0.1% | ||
Italy Government International Bond | ||
2.38%, 10/17/24 | 1,200,000 | 1,131,837 |
1.25%, 02/17/26 | 800,000 | 695,978 |
2.88%, 10/17/29 | 700,000 | 582,086 |
5.38%, 06/15/33 | 604,000 | 580,124 |
4.00%, 10/17/49 | 750,000 | 538,174 |
3.88%, 05/06/51 | 750,000 | 498,073 |
4,026,272 | ||
Mexico 0.2% | ||
Mexico Government International Bond | ||
3.90%, 04/27/25(a) | 200,000 | 197,578 |
4.13%, 01/21/26 | 700,000 | 683,581 |
4.15%, 03/28/27 | 800,000 | 781,240 |
3.75%, 01/11/28 | 650,000 | 615,284 |
4.50%, 04/22/29 | 1,050,000 | 1,004,739 |
3.25%, 04/16/30(a) | 800,000 | 699,038 |
2.66%, 05/24/31(a) | 1,050,000 | 848,917 |
8.30%, 08/15/31 | 350,000 | 412,413 |
4.75%, 04/27/32(a) | 850,000 | 798,221 |
7.50%, 04/08/33 | 250,000 | 280,279 |
6.75%, 09/27/34 | 650,000 | 681,612 |
6.05%, 01/11/40 | 850,000 | 826,428 |
4.28%, 08/14/41(a) | 750,000 | 580,327 |
4.75%, 03/08/44 | 1,200,000 | 970,545 |
5.55%, 01/21/45 | 800,000 | 719,816 |
4.60%, 01/23/46 | 800,000 | 623,844 |
4.35%, 01/15/47 | 450,000 | 338,175 |
4.60%, 02/10/48 | 800,000 | 620,171 |
4.50%, 01/31/50(a) | 725,000 | 552,481 |
5.00%, 04/27/51(a) | 850,000 | 692,428 |
3.77%, 05/24/61(a) | 1,050,000 | 667,101 |
5.75%, 10/12/10 | 850,000 | 718,630 |
14,312,848 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Panama 0.1% | ||
Panama Government International Bond | ||
3.75%, 03/16/25(a) | 400,000 | 387,422 |
7.13%, 01/29/26 | 350,000 | 370,245 |
8.88%, 09/30/27 | 250,000 | 288,899 |
3.88%, 03/17/28(a) | 400,000 | 378,634 |
9.38%, 04/01/29 | 300,000 | 357,989 |
3.16%, 01/23/30(a) | 625,000 | 538,964 |
2.25%, 09/29/32(a) | 950,000 | 707,348 |
6.70%, 01/26/36 | 550,000 | 576,302 |
4.50%, 05/15/47 | 400,000 | 308,827 |
4.50%, 04/16/50(a) | 800,000 | 606,663 |
4.30%, 04/29/53 | 600,000 | 437,291 |
4.50%, 04/01/56(a) | 850,000 | 625,676 |
3.87%, 07/23/60(a) | 725,000 | 470,579 |
4.50%, 01/19/63(a) | 250,000 | 177,355 |
6,232,194 | ||
Peru 0.1% | ||
Peruvian Government International Bond | ||
7.35%, 07/21/25 | 500,000 | 525,027 |
2.39%, 01/23/26(a) | 350,000 | 323,286 |
4.13%, 08/25/27 | 500,000 | 481,139 |
2.84%, 06/20/30 | 250,000 | 212,411 |
2.78%, 01/23/31(a) | 1,050,000 | 873,547 |
1.86%, 12/01/32(a) | 425,000 | 311,436 |
8.75%, 11/21/33 | 450,000 | 550,684 |
3.00%, 01/15/34(a) | 500,000 | 396,258 |
6.55%, 03/14/37 | 350,000 | 370,348 |
3.30%, 03/11/41(a) | 450,000 | 329,446 |
5.63%, 11/18/50 | 700,000 | 695,403 |
3.55%, 03/10/51(a) | 400,000 | 286,053 |
2.78%, 12/01/60(a) | 650,000 | 381,703 |
3.60%, 01/15/72(a) | 350,000 | 229,483 |
3.23%, 07/28/21(a) | 250,000 | 146,664 |
6,112,888 | ||
Philippines 0.1% | ||
Philippine Government International Bond | ||
4.20%, 01/21/24 | 550,000 | 546,293 |
9.50%, 10/21/24 | 100,000 | 108,935 |
10.63%, 03/16/25 | 300,000 | 339,541 |
5.50%, 03/30/26 | 400,000 | 411,212 |
3.00%, 02/01/28 | 650,000 | 606,369 |
3.75%, 01/14/29 | 600,000 | 574,815 |
9.50%, 02/02/30 | 725,000 | 925,149 |
2.46%, 05/05/30 | 350,000 | 306,769 |
7.75%, 01/14/31 | 750,000 | 897,601 |
1.65%, 06/10/31 | 400,000 | 321,075 |
6.38%, 01/15/32 | 350,000 | 390,258 |
6.38%, 10/23/34 | 700,000 | 776,608 |
5.00%, 01/13/37 | 500,000 | 486,720 |
3.95%, 01/20/40 | 725,000 | 615,816 |
3.70%, 03/01/41 | 500,000 | 409,417 |
3.70%, 02/02/42 | 1,050,000 | 857,704 |
2.95%, 05/05/45 | 600,000 | 434,019 |
2.65%, 12/10/45 | 500,000 | 337,072 |
4.20%, 03/29/47 | 100,000 | 85,553 |
9,430,926 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Poland 0.0% | ||
Republic of Poland Government International Bond | ||
4.00%, 01/22/24 | 700,000 | 691,987 |
3.25%, 04/06/26 | 744,000 | 714,613 |
5.75%, 11/16/32(a) | 250,000 | 266,642 |
1,673,242 | ||
Republic of Korea 0.0% | ||
Korea International Bond | ||
2.75%, 01/19/27 | 450,000 | 423,342 |
3.50%, 09/20/28 | 200,000 | 191,074 |
2.50%, 06/19/29 | 350,000 | 315,659 |
1.00%, 09/16/30 | 200,000 | 157,966 |
1.75%, 10/15/31 | 200,000 | 164,010 |
4.13%, 06/10/44 | 200,000 | 184,170 |
3.88%, 09/20/48 | 200,000 | 174,957 |
1,611,178 | ||
Uruguay 0.1% | ||
Uruguay Government International Bond | ||
4.50%, 08/14/24 | 266,666 | 266,767 |
4.38%, 10/27/27 | 550,000 | 556,644 |
4.38%, 01/23/31(a) | 950,000 | 946,871 |
7.63%, 03/21/36 | 300,000 | 381,161 |
4.13%, 11/20/45 | 250,000 | 231,516 |
5.10%, 06/18/50 | 1,000,000 | 984,308 |
4.98%, 04/20/55 | 800,000 | 767,845 |
4,135,112 | ||
64,972,497 | ||
Supranational* 1.3% | ||
African Development Bank | ||
0.75%, 04/03/23 | 200,000 | 198,096 |
3.38%, 07/07/25 | 300,000 | 292,568 |
0.88%, 07/22/26 | 800,000 | 708,854 |
4.38%, 11/03/27 | 500,000 | 502,741 |
Arab Petroleum Investments Corp. | ||
1.48%, 10/06/26 (c) | 125,000 | 110,474 |
Asian Development Bank | ||
1.63%, 01/24/23 | 400,000 | 399,419 |
0.25%, 07/14/23 | 450,000 | 439,464 |
0.25%, 10/06/23 | 750,000 | 724,397 |
2.63%, 01/30/24 | 695,000 | 679,018 |
0.38%, 06/11/24 | 1,400,000 | 1,316,527 |
0.63%, 10/08/24 | 125,000 | 116,623 |
1.50%, 10/18/24 | 1,700,000 | 1,609,697 |
2.00%, 01/22/25 | 1,650,000 | 1,570,852 |
0.63%, 04/29/25 | 1,100,000 | 1,008,898 |
0.38%, 09/03/25 | 750,000 | 675,148 |
0.50%, 02/04/26 | 1,050,000 | 934,168 |
1.00%, 04/14/26 | 500,000 | 449,479 |
2.00%, 04/24/26 | 500,000 | 464,350 |
2.63%, 01/12/27 | 1,000,000 | 942,588 |
1.50%, 01/20/27 | 1,000,000 | 900,417 |
2.50%, 11/02/27 | 1,188,000 | 1,101,215 |
2.75%, 01/19/28 | 250,000 | 233,859 |
1.25%, 06/09/28 | 300,000 | 257,627 |
5.82%, 06/16/28 | 300,000 | 322,468 |
1.88%, 03/15/29 | 550,000 | 481,842 |
1.75%, 09/19/29 | 1,150,000 | 990,873 |
1.88%, 01/24/30 | 1,000,000 | 861,946 |
0.75%, 10/08/30 | 1,150,000 | 895,844 |
1.50%, 03/04/31 | 500,000 | 411,056 |
3.13%, 04/27/32 | 200,000 | 185,567 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Asian Infrastructure Investment Bank | ||
2.25%, 05/16/24 | 950,000 | 917,641 |
0.50%, 10/30/24 | 1,000,000 | 927,537 |
0.50%, 05/28/25 | 950,000 | 863,274 |
0.50%, 01/27/26 | 1,225,000 | 1,083,758 |
Corp. Andina de Fomento | ||
3.75%, 11/23/23 | 250,000 | 246,297 |
1.25%, 10/26/24 | 100,000 | 92,918 |
1.63%, 09/23/25 | 500,000 | 456,227 |
5.25%, 11/21/25 | 100,000 | 99,796 |
2.25%, 02/08/27 | 200,000 | 179,633 |
Council of Europe Development Bank | ||
0.25%, 10/20/23 | 400,000 | 385,520 |
2.50%, 02/27/24 | 315,000 | 306,960 |
1.38%, 02/27/25 | 350,000 | 328,058 |
0.88%, 09/22/26 | 300,000 | 264,663 |
European Bank for Reconstruction & Development | ||
1.63%, 09/27/24 | 300,000 | 285,196 |
0.50%, 05/19/25 | 850,000 | 775,526 |
0.50%, 11/25/25 | 700,000 | 627,103 |
0.50%, 01/28/26 | 850,000 | 756,850 |
European Investment Bank | ||
3.13%, 12/14/23 | 550,000 | 541,652 |
3.25%, 01/29/24 | 1,875,000 | 1,844,810 |
2.63%, 03/15/24 | 1,600,000 | 1,560,583 |
2.25%, 06/24/24 | 450,000 | 434,682 |
2.50%, 10/15/24 | 500,000 | 482,913 |
1.88%, 02/10/25 | 1,100,000 | 1,043,883 |
1.63%, 03/14/25 | 1,525,000 | 1,437,535 |
0.63%, 07/25/25 | 1,075,000 | 979,241 |
0.38%, 03/26/26 | 1,450,000 | 1,280,010 |
2.13%, 04/13/26 | 800,000 | 748,179 |
0.75%, 10/26/26 | 625,000 | 549,054 |
1.38%, 03/15/27 | 1,000,000 | 894,926 |
2.38%, 05/24/27 | 667,000 | 620,796 |
1.75%, 03/15/29 | 750,000 | 654,562 |
0.88%, 05/17/30 | 255,000 | 203,555 |
0.75%, 09/23/30 | 300,000 | 235,251 |
1.25%, 02/14/31(d) | 1,400,000 | 1,140,825 |
1.63%, 05/13/31 | 500,000 | 418,031 |
4.88%, 02/15/36 | 950,000 | 1,013,613 |
Inter-American Development Bank | ||
0.50%, 05/24/23 | 300,000 | 295,167 |
0.25%, 11/15/23 | 250,000 | 240,284 |
2.63%, 01/16/24 | 1,150,000 | 1,124,238 |
3.00%, 02/21/24 | 750,000 | 735,230 |
0.50%, 09/23/24 | 250,000 | 233,097 |
2.13%, 01/15/25 | 1,400,000 | 1,336,578 |
1.75%, 03/14/25 | 1,350,000 | 1,275,015 |
0.88%, 04/03/25 | 650,000 | 601,124 |
0.63%, 07/15/25 | 750,000 | 683,115 |
0.88%, 04/20/26 | 1,250,000 | 1,119,197 |
2.00%, 06/02/26 | 550,000 | 509,351 |
2.00%, 07/23/26 | 500,000 | 462,070 |
2.38%, 07/07/27 | 1,200,000 | 1,111,774 |
0.63%, 09/16/27 | 750,000 | 637,236 |
1.13%, 07/20/28 | 750,000 | 637,317 |
3.13%, 09/18/28 | 1,700,000 | 1,608,142 |
2.25%, 06/18/29 | 1,400,000 | 1,250,119 |
1.13%, 01/13/31 | 550,000 | 439,733 |
3.88%, 10/28/41 | 150,000 | 138,914 |
3.20%, 08/07/42 | 200,000 | 166,681 |
4.38%, 01/24/44 | 350,000 | 344,903 |
International Bank for Reconstruction & Development | ||
2.50%, 03/19/24 | 1,000,000 | 973,640 |
1.50%, 08/28/24 | 1,350,000 | 1,283,327 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.50%, 11/25/24 | 1,400,000 | 1,347,565 |
1.63%, 01/15/25 | 1,450,000 | 1,371,765 |
0.75%, 03/11/25 | 1,650,000 | 1,524,957 |
0.63%, 04/22/25 | 2,825,000 | 2,592,301 |
0.38%, 07/28/25 | 200,000 | 180,848 |
2.50%, 07/29/25 | 2,075,000 | 1,981,585 |
0.50%, 10/28/25 | 2,000,000 | 1,797,842 |
3.13%, 11/20/25 | 450,000 | 435,235 |
0.88%, 07/15/26 | 750,000 | 667,267 |
1.88%, 10/27/26 | 250,000 | 229,191 |
3.13%, 06/15/27 | 500,000 | 479,407 |
2.50%, 11/22/27 | 200,000 | 185,461 |
0.75%, 11/24/27 | 1,850,000 | 1,573,276 |
1.38%, 04/20/28 | 1,500,000 | 1,302,609 |
1.13%, 09/13/28 | 1,000,000 | 847,946 |
1.75%, 10/23/29 | 950,000 | 817,426 |
0.88%, 05/14/30 | 2,000,000 | 1,592,031 |
0.75%, 08/26/30 | 1,200,000 | 936,752 |
1.25%, 02/10/31 | 1,050,000 | 848,737 |
1.63%, 11/03/31 | 750,000 | 615,739 |
2.50%, 03/29/32 | 1,000,000 | 881,012 |
4.75%, 02/15/35 | 450,000 | 468,214 |
International Finance Corp. | ||
2.88%, 07/31/23 | 200,000 | 197,805 |
1.38%, 10/16/24 | 750,000 | 708,939 |
0.38%, 07/16/25 | 500,000 | 452,787 |
3.63%, 09/15/25 | 400,000 | 392,813 |
0.75%, 08/27/30 | 750,000 | 586,060 |
Nordic Investment Bank | ||
0.38%, 05/19/23 | 400,000 | 393,522 |
2.25%, 05/21/24 | 200,000 | 193,408 |
2.63%, 04/04/25 | 400,000 | 384,862 |
0.38%, 09/11/25 | 400,000 | 359,672 |
0.50%, 01/21/26 | 250,000 | 222,662 |
3.38%, 09/08/27 | 100,000 | 96,604 |
88,339,685 | ||
Total Government Related (Cost $386,043,945) | 342,498,665 | |
SECURITIZED 29.8% OF NET ASSETS | ||
Asset-Backed Securities 0.2% | ||
Auto Backed 0.0% | ||
Ally Auto Receivables Trust 2019-4 | ||
Series 2019-4, Class A4 | ||
1.92%, 01/15/25 (a) | 2,000,000 | 1,977,140 |
Credit Card 0.2% | ||
American Express Credit Account Master Trust | ||
Series 2018-2, Class A | ||
3.01%, 10/15/25 (a) | 5,200,000 | 5,181,683 |
Capital One Multi-Asset Execution Trust | ||
Series 2019-A3, Class A3 | ||
2.06%, 08/15/28 (a) | 2,000,000 | 1,826,398 |
Discover Card Execution Note Trust | ||
Series 2018-A1, Class A1 | ||
3.03%, 08/15/25 (a) | 2,100,000 | 2,095,619 |
9,103,700 | ||
Utilities 0.0% | ||
Duke Energy Florida Project Finance LLC | ||
2.54%, 09/01/29 | 247,412 | 223,842 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Duke Energy Progress NC Storm Funding LLC | ||
2.39%, 07/01/37 | 125,000 | 101,210 |
PG&E Energy Recovery Funding LLC | ||
2.82%, 07/15/46 | 100,000 | 70,820 |
PG&E Wildfire Recovery Funding LLC | ||
3.59%, 06/01/30 | 140,726 | 134,088 |
4.26%, 06/01/36 | 150,000 | 141,099 |
4.38%, 06/01/39 | 125,000 | 112,439 |
4.45%, 12/01/47 | 400,000 | 354,256 |
4.67%, 12/01/51 | 275,000 | 245,093 |
5.10%, 06/01/52 | 300,000 | 286,444 |
1,669,291 | ||
12,750,131 | ||
Commercial Mortgage-Backed Security 2.1% | ||
BANK | ||
Series 2017-BNK7, Class A5 | ||
3.44%, 09/15/60(a) | 1,000,000 | 924,011 |
Series 2017-BNK8, Class A4 | ||
3.49%, 11/15/50(a) | 600,000 | 553,748 |
Series 2017-BNK9, Class A4 | ||
3.54%, 11/15/54(a) | 1,000,000 | 926,512 |
Series 2019-BN19, Class A3 | ||
3.18%, 08/15/61(a) | 800,000 | 706,680 |
Series 2020-BN26, Class A4 | ||
2.40%, 03/15/63(a) | 700,000 | 585,294 |
BBCMS Mortgage Trust 2018-C2 | ||
Series 2018-C2, Class A4 | ||
4.05%, 12/15/51 (a) | 1,150,000 | 1,076,690 |
BBCMS Mortgage Trust 2022-C15 | ||
Series 2022-C15, Class A5 | ||
3.66%, 04/15/55 (a) | 3,145,000 | 2,816,663 |
Benchmark 2019-B12 Mortgage Trust | ||
Series 2019-B12, Class A5 | ||
3.12%, 08/15/52 (a) | 1,875,000 | 1,666,039 |
Benchmark 2019-B13 Mortgage Trust | ||
Series 2019-B13, Class A4 | ||
2.95%, 08/15/57 (a) | 2,600,000 | 2,278,679 |
Benchmark 2019-B9 Mortgage Trust | ||
Series 2019-B9, Class A5 | ||
4.02%, 03/15/52 (a) | 2,600,000 | 2,447,273 |
Benchmark 2020-B16 Mortgage Trust | ||
Series 2020-B16, Class A5 | ||
2.73%, 02/15/53 (a) | 1,073,000 | 921,662 |
Benchmark 2020-B18 Mortgage Trust | ||
Series 2020-B18, Class A5 | ||
1.93%, 07/15/53 (a) | 1,845,000 | 1,486,824 |
CCUBS Commercial Mortgage Trust | ||
Series 2017-C1, Class A4 | ||
3.54%, 11/15/50 (a) | 1,747,000 | 1,606,841 |
CD Mortgage Trust | ||
Series 2017-CD3, Class A4 | ||
3.63%, 02/10/50 (a) | 1,715,000 | 1,599,262 |
CFCRE Commercial Mortgage Trust | ||
Series 2016-C3, Class A3 | ||
3.87%, 01/10/48(a) | 5,325,000 | 5,076,860 |
Series 2016-C4, Class A4 | ||
3.28%, 05/10/58(a) | 1,000,000 | 929,462 |
Series 2016-C7, Class A3 | ||
3.84%, 12/10/54(a) | 3,625,000 | 3,415,434 |
Citigroup Commercial Mortgage Trust | ||
Series 2013-GC17, Class A4 | ||
4.13%, 11/10/46(a) | 615,000 | 606,202 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2014-GC23, Class A4 | ||
3.62%, 07/10/47(a) | 1,000,000 | 965,219 |
Series 2014-GC25, Class A4 | ||
3.64%, 10/10/47(a) | 210,000 | 202,277 |
Series 2016-GC36, Class A5 | ||
3.62%, 02/10/49(a) | 3,350,000 | 3,167,678 |
Series 2016-GC37, Class A4 | ||
3.31%, 04/10/49(a) | 600,000 | 561,298 |
Series 2017-C4, Class A4 | ||
3.47%, 10/12/50(a) | 5,600,000 | 5,154,942 |
Series 2017-P7, Class A4 | ||
3.71%, 04/14/50(a) | 500,000 | 467,798 |
COMM Mortgage Trust | ||
Series 2013-CR11, Class A3 | ||
3.98%, 08/10/50(a) | 449,861 | 447,178 |
Series 2014-CR14, Class A3 | ||
3.96%, 02/10/47(a) | 240,000 | 236,713 |
Series 2014-CR16, Class ASB | ||
3.65%, 04/10/47(a) | 121,771 | 120,284 |
Series 2014-CR19, Class ASB | ||
3.50%, 08/10/47(a) | 138,850 | 136,239 |
Series 2014-CR21, Class A3 | ||
3.53%, 12/10/47(a) | 166,813 | 160,732 |
Series 2014-LC15, Class A4 | ||
4.01%, 04/10/47(a) | 400,000 | 391,975 |
Series 2015-CR22, Class A5 | ||
3.31%, 03/10/48(a) | 750,000 | 714,801 |
Series 2015-CR24, Class A5 | ||
3.70%, 08/10/48(a) | 400,000 | 381,541 |
Series 2015-LC23, Class A4 | ||
3.77%, 10/10/48(a) | 440,000 | 419,182 |
Series 2015-PC1, Class A5 | ||
3.90%, 07/10/50(a) | 497,400 | 478,513 |
Series 2016-CR28, Class A4 | ||
3.76%, 02/10/49(a) | 2,700,000 | 2,568,320 |
Series 2016-DC2, Class A5 | ||
3.77%, 02/10/49(a) | 100,000 | 95,090 |
CSAIL Commercial Mortgage Trust | ||
Series 2015-C1, Class A4 | ||
3.51%, 04/15/50(a) | 1,308,000 | 1,238,240 |
Series 2015-C3, Class A4 | ||
3.72%, 08/15/48(a) | 300,000 | 286,574 |
Series 2019-C17, Class A5 | ||
3.02%, 09/15/52(a) | 2,238,000 | 1,944,635 |
CSMC Trust | ||
Series 2016-NXSR, Class A4 | ||
3.79%, 12/15/49 (a)(i) | 100,000 | 94,491 |
Fannie Mae | ||
Series 2015-M13, Class A2 | ||
2.70%, 06/25/25(a)(i) | 102,021 | 97,450 |
Series 2015-M3, Class A2 | ||
2.72%, 10/25/24(a) | 376,092 | 364,333 |
Series 2016-M6, Class A2 | ||
2.49%, 05/25/26(a) | 2,291,221 | 2,148,307 |
Freddie Mac | ||
Series K042, Class A2 | ||
2.67%, 12/25/24(a) | 100,000 | 96,310 |
Series K046, Class A2 | ||
3.21%, 03/25/25(a) | 920,000 | 890,020 |
Series K048, Class A2 | ||
3.28%, 06/25/25(a)(i) | 838,000 | 810,922 |
Series K053, Class A2 | ||
3.00%, 12/25/25(a) | 950,000 | 908,862 |
Series K054, Class A2 | ||
2.75%, 01/25/26(a) | 300,000 | 284,782 |
Series K055, Class A2 | ||
2.67%, 03/25/26(a) | 750,000 | 708,645 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series K058, Class A2 | ||
2.65%, 08/25/26(a) | 750,000 | 703,661 |
Series K061, Class A2 | ||
3.35%, 11/25/26(a)(i) | 520,000 | 499,105 |
Series K062, Class A2 | ||
3.41%, 12/25/26(a) | 257,767 | 247,655 |
Series K064, Class A2 | ||
3.22%, 03/25/27(a) | 107,000 | 102,001 |
Series K070, Class A2 | ||
3.30%, 11/25/27(a)(i) | 308,000 | 293,364 |
Series K071, Class A2 | ||
3.29%, 11/25/27(a) | 4,768,000 | 4,536,571 |
Series K072, Class A2 | ||
3.44%, 12/25/27(a) | 1,500,000 | 1,437,170 |
Series K074, Class A2 | ||
3.60%, 01/25/28(a) | 8,175,000 | 7,883,645 |
Series K078, Class A2 | ||
3.85%, 06/25/28(a) | 1,183,000 | 1,151,027 |
Series K083, Class A2 | ||
4.05%, 09/25/28(a)(i) | 2,100,000 | 2,055,703 |
Series K085, Class A2 | ||
4.06%, 10/25/28(a)(i) | 900,000 | 878,219 |
Series K087, Class A2 | ||
3.77%, 12/25/28(a) | 2,560,000 | 2,467,130 |
Series K088, Class A2 | ||
3.69%, 01/25/29(a) | 2,600,000 | 2,492,336 |
Series K089, Class A2 | ||
3.56%, 01/25/29(a) | 2,990,000 | 2,845,838 |
Series K100, Class A2 | ||
2.67%, 09/25/29(a) | 800,000 | 716,829 |
Series K103, Class A2 | ||
2.65%, 11/25/29(a) | 2,200,000 | 1,963,849 |
Series K112, Class A2 | ||
1.31%, 05/25/30(a) | 2,000,000 | 1,603,096 |
Series K-1511, Class A2 | ||
3.47%, 03/25/31(a) | 500,000 | 465,920 |
Series K-1512, Class A2 | ||
2.99%, 05/25/31(a) | 1,425,000 | 1,282,000 |
Series K154, Class A2 | ||
3.42%, 04/25/32(a) | 1,760,000 | 1,651,757 |
Series K155, Class A3 | ||
3.75%, 04/25/33(a) | 835,000 | 781,799 |
Series K157, Class A2 | ||
3.99%, 05/25/33(a) | 1,700,000 | 1,643,021 |
Series K733, Class A2 | ||
3.75%, 08/25/25(a)(i) | 1,500,000 | 1,462,461 |
Series K735, Class A2 | ||
2.86%, 05/25/26(a) | 99,449 | 94,287 |
Series KS03, Class A4 | ||
3.16%, 05/25/25(a)(i) | 250,000 | 242,217 |
GS Mortgage Securities Trust | ||
Series 2013-GC13, Class A5 | ||
4.04%, 07/10/46(a)(i) | 649,000 | 643,392 |
Series 2013-GC14, Class A5 | ||
4.24%, 08/10/46(a) | 700,000 | 684,803 |
Series 2016-GS4, Class A4 | ||
3.44%, 11/10/49(a) | 365,000 | 339,620 |
Series 2020-GC45, Class A5 | ||
2.91%, 02/13/53(a) | 3,500,000 | 3,009,209 |
JP Morgan Chase Commercial Mortgage Securities Trust | ||
Series 2014-C20, Class A4A1 | ||
3.54%, 07/15/47(a) | 487,255 | 468,273 |
Series 2015-JP1, Class A4 | ||
3.65%, 01/15/49(a) | 600,000 | 570,954 |
JPMBB Commercial Mortgage Securities Trust | ||
Series 2015-C28, Class A4 | ||
3.23%, 10/15/48(a) | 2,000,000 | 1,900,573 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Series 2015-C29, Class A4 | ||
3.61%, 05/15/48(a) | 1,000,000 | 955,176 |
Series 2015-C33, Class A4 | ||
3.77%, 12/15/48(a) | 1,150,000 | 1,098,951 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
Series 2013-C10, Class A4 | ||
4.07%, 07/15/46(a)(i) | 180,000 | 178,457 |
Series 2013-C11, Class A4 | ||
4.20%, 08/15/46(a)(i) | 1,000,000 | 987,317 |
Series 2014-C16, Class A5 | ||
3.89%, 06/15/47(a) | 270,000 | 262,923 |
Series 2015-C24, Class A4 | ||
3.73%, 05/15/48(a) | 93,000 | 88,717 |
Series 2015-C24, Class ASB | ||
3.48%, 05/15/48(a) | 510,070 | 495,913 |
Morgan Stanley Capital I Trust | ||
Series 2015-UBS8, Class A4 | ||
3.81%, 12/15/48(a) | 400,000 | 380,659 |
Series 2017-H1, Class A4 | ||
3.26%, 06/15/50(a) | 250,000 | 231,169 |
Series 2017-HR2, Class A4 | ||
3.59%, 12/15/50(a) | 1,300,000 | 1,200,151 |
Series 2020-HR8, Class A4 | ||
2.04%, 07/15/53(a) | 3,000,000 | 2,415,543 |
UBS Commercial Mortgage Trust | ||
Series 2017-C3, Class A4 | ||
3.43%, 08/15/50(a) | 1,550,000 | 1,427,864 |
Series 2017-C6, Class A5 | ||
3.58%, 12/15/50(a) | 1,000,000 | 923,304 |
Series 2019-C18, Class A4 | ||
3.04%, 12/15/52(a) | 500,000 | 433,483 |
Wells Fargo Commercial Mortgage Trust | ||
Series 2013-LC12, Class A4 | ||
4.22%, 07/15/46(a)(i) | 640,000 | 633,487 |
Series 2014-LC16 Class A4 | ||
3.55%, 08/15/50(a) | 565,070 | 549,616 |
Series 2015-C28, Class A3 | ||
3.29%, 05/15/48(a) | 993,376 | 945,129 |
Series 2015-C30, Class A4 | ||
3.66%, 09/15/58(a) | 723,000 | 688,878 |
Series 2015-C31, Class A3 | ||
3.43%, 11/15/48(a) | 1,188,128 | 1,140,465 |
Series 2015-P2, Class A4 | ||
3.81%, 12/15/48(a) | 1,500,000 | 1,428,051 |
Series 2016-NXS5, Class A4 | ||
3.37%, 01/15/59(a) | 1,375,000 | 1,309,996 |
Series 2016-NXS5, Class A6 | ||
3.64%, 01/15/59(a) | 2,000,000 | 1,882,424 |
Series 2016-NXS6, Class A4 | ||
2.92%, 11/15/49(a) | 150,000 | 137,482 |
Series 2017-C40, Class A4 | ||
3.58%, 10/15/50(a) | 1,551,000 | 1,437,807 |
Series 2017-C41, Class A4 | ||
3.47%, 11/15/50(a) | 2,000,000 | 1,842,727 |
Series 2018-C44, Class A5 | ||
4.21%, 05/15/51(a) | 1,500,000 | 1,423,259 |
Series 2018-C47, Class A3 | ||
4.18%, 09/15/61(a) | 1,275,000 | 1,206,439 |
Series 2019-C50, Class A5 | ||
3.73%, 05/15/52(a) | 1,000,000 | 914,251 |
Series 2019-C53, Class A4 | ||
3.04%, 10/15/52(a) | 4,000,000 | 3,491,161 |
Wells Fargo Commercial Mortgage Trust 2015-NXS4 | ||
Series 2015-NXS4, Class A4 | ||
3.72%, 12/15/48 (a) | 2,000,000 | 1,901,248 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Wells Fargo Commercial Mortgage Trust 2016-C32 | ||
Series 2016-C32, Class A4 | ||
3.56%, 01/15/59 (a) | 500,000 | 472,254 |
Wells Fargo Commercial Mortgage Trust 2019-C53 | ||
Series 2017-C42, Class A4 | ||
3.59%, 12/15/50 (a) | 2,400,000 | 2,213,955 |
Wells Fargo Commercial Mortgage Trust 2019-C54 | ||
Series 2019-C54, Class A4 | ||
3.15%, 12/15/52 (a) | 800,000 | 699,821 |
Wells Fargo Commercial Mortgage Trust 2020-C55 | ||
Series 2020-C55, Class A5 | ||
2.73%, 02/15/53 (a) | 750,000 | 636,594 |
Wells Fargo Commercial Mortgage Trust 2020-C58 | ||
Series 2020-C58, Class A4 | ||
2.09%, 07/15/53 (a) | 3,000,000 | 2,396,803 |
WFRBS Commercial Mortgage Trust | ||
Series 2013-C14, Class A5 | ||
3.34%, 06/15/46(a) | 547,687 | 541,752 |
Series 2013-C15, Class A4 | ||
4.15%, 08/15/46(a)(i) | 520,000 | 514,009 |
Series 2014-C19, Class A4 | ||
3.83%, 03/15/47(a) | 61,012 | 59,876 |
142,832,083 | ||
Mortgage-Backed Securities Pass-Through 27.5% | ||
Fannie Mae | ||
5.50%, 06/01/24 to 10/01/52 (a) | 7,150,109 | 7,311,018 |
4.50%, 12/01/24 to 09/01/52 (a) | 29,736,545 | 29,320,667 |
3.50%, 10/01/25 to 08/01/51 (a) | 82,378,308 | 76,976,980 |
3.00%, 12/01/25 to 05/01/52 (a) | 129,373,103 | 116,980,411 |
4.00%, 02/01/26 to 08/01/50 (a) | 55,137,183 | 53,031,221 |
2.50%, 07/01/27 to 05/01/52 (a) | 198,214,892 | 171,155,939 |
2.00%, 04/01/28 to 05/01/52 (a) | 267,990,504 | 223,225,224 |
5.00%, 09/01/33 to 08/01/52 (a) | 13,771,724 | 13,834,725 |
6.50%, 08/01/34 to 05/01/40 (a) | 482,297 | 515,882 |
6.00%, 04/01/35 to 07/01/41 (a) | 1,826,974 | 1,913,509 |
1.50%, 09/01/35 to 11/01/51 (a) | 54,023,200 | 44,543,282 |
1.00%, 03/01/36 to 07/01/36 (a) | 1,432,735 | 1,218,275 |
Freddie Mac | ||
2.00%, 08/01/23 to 04/01/52 (a) | 283,141,198 | 234,681,533 |
5.50%, 05/01/24 to 08/01/41 (a) | 2,013,294 | 2,072,731 |
3.50%, 01/01/26 to 09/01/51 (a) | 49,496,512 | 46,094,931 |
4.00%, 04/01/26 to 07/01/50 (a) | 28,633,229 | 27,513,042 |
3.00%, 08/01/26 to 05/01/52 (a) | 87,154,859 | 78,705,203 |
2.50%, 04/01/27 to 05/01/52 (a) | 171,261,044 | 147,225,399 |
6.00%, 07/01/33 to 07/01/40 (a) | 1,395,985 | 1,462,428 |
5.00%, 11/01/33 to 12/01/49 (a) | 5,093,262 | 5,135,252 |
6.50%, 12/01/33 to 09/01/39 (a) | 185,211 | 198,086 |
4.50%, 05/01/34 to 09/01/52 (a) | 13,090,342 | 12,883,200 |
1.50%, 08/01/35 to 08/01/51 (a) | 66,698,552 | 54,188,662 |
1.00%, 10/01/36(a) | 535,074 | 452,756 |
Ginnie Mae | ||
3.00%, 01/20/27 to 04/20/52 (a) | 78,980,747 | 71,327,083 |
2.50%, 03/20/27 to 04/20/52 (a) | 99,346,637 | 86,451,806 |
3.50%, 09/20/32 to 06/20/51 (a) | 58,405,980 | 54,735,128 |
5.00%, 03/20/33 to 02/20/48 (a) | 4,184,468 | 4,265,482 |
5.50%, 10/20/33 to 11/20/44 (a) | 597,995 | 618,915 |
2.00%, 04/20/36 to 04/20/52 (a) | 93,616,355 | 78,784,168 |
6.00%, 10/15/36 to 01/20/45 (a) | 534,971 | 564,048 |
4.50%, 01/20/39 to 02/20/50 (a) | 12,730,986 | 12,633,844 |
4.00%, 06/15/39 to 02/20/50 (a) | 26,518,657 | 25,603,971 |
1.50%, 03/20/51 to 10/20/51 (a) | 1,502,814 | 1,201,768 |
Ginnie Mae II | ||
2.00%, 12/20/51 to 03/20/52 (a) | 13,038,342 | 10,915,606 |
2.50%, 12/20/51 to 03/20/52 (a) | 13,404,698 | 11,606,986 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ginnie Mae TBA | ||
3.00%, 01/23/53(a)(j) | 3,500,000 | 3,112,639 |
3.50%, 01/23/53(a)(j) | 5,000,000 | 4,588,620 |
4.00%, 01/23/53(a)(j) | 13,000,000 | 12,296,683 |
4.50%, 01/23/53(a)(j) | 15,000,000 | 14,544,277 |
5.00%, 01/23/53(a)(j) | 10,000,000 | 9,903,184 |
UMBS TBA | ||
3.50%, 02/25/49(a)(j) | 17,000,000 | 15,444,464 |
4.00%, 01/12/53(a)(j) | 27,500,000 | 25,796,303 |
4.50%, 01/12/53(a)(j) | 24,500,000 | 23,600,603 |
5.00%, 01/12/53(a)(j) | 26,000,000 | 25,628,164 |
5.50%, 01/12/53(a)(j) | 8,000,000 | 8,026,109 |
2.50%, 12/01/53(a)(j) | 14,500,000 | 12,273,563 |
3.00%, 12/01/53(a)(j) | 8,500,000 | 7,459,348 |
1,872,023,118 | ||
Total Securitized (Cost $2,343,633,669) | 2,027,605,332 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 2.5% OF NET ASSETS | ||
Money Market Funds 2.5% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (k) | 168,217,046 | 168,217,046 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (k)(l) | 2,462,625 | 2,462,625 |
170,679,671 | ||
Total Short-Term Investments (Cost $170,679,671) | 170,679,671 | |
Total Investments in Securities (Cost $7,773,906,929) | 6,949,414,689 |
* | 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 $27,191,649 or 0.4% of net assets. |
(d) | All or a portion of this security is on loan. Securities on loan were valued at $2,389,856. |
(e) | Issuer is affiliated with the fund’s investment adviser. |
(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) | Guaranteed by the Republic of Germany. |
(h) | Zero coupon security. |
(i) | 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. |
(j) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(k) | The rate shown is the annualized 7-day yield. |
(l) | 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 12/31/22 | FACE AMOUNT AT 12/31/22 | 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 | — | (25,079) | (602) | (6,097) | (2,485) | 123,351 | 125,000 | 4,891 |
0.75%, 03/18/24 | 448,060 | — | (47,679) | (2,459) | (16,449) | (1,052) | 380,421 | 400,000 | 3,235 |
3.75%, 04/01/24 | 84,476 | — | — | — | (1,671) | (3,957) | 78,848 | 80,000 | 3,000 |
3.00%, 03/10/25 | — | 99,691 | (24,007) | (924) | (2,627) | 56 | 72,189 | 75,000 | 1,552 |
4.20%, 03/24/25 | 217,644 | — | (53,712) | (538) | (10,843) | (4,135) | 148,416 | 150,000 | 6,417 |
3.63%, 04/01/25 | 106,668 | — | — | — | (7,164) | (1,987) | 97,517 | 100,000 | 3,605 |
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 12/31/22 | FACE AMOUNT AT 12/31/22 | INTEREST INCOME EARNED |
3.85%, 05/21/25 | $188,704 | $25,331 | $— | $— | ($15,043) | ($3,596) | $195,396 | $200,000 | $7,130 |
3.45%, 02/13/26 | 107,400 | — | (24,208) | (2,305) | (6,426) | (1,752) | 72,709 | 75,000 | 3,206 |
0.90%, 03/11/26 | 366,742 | — | (44,432) | (5,804) | (27,862) | (475) | 288,169 | 325,000 | 3,208 |
1.15%, 05/13/26 | 247,038 | — | — | — | (24,515) | (54) | 222,469 | 250,000 | 2,875 |
3.20%, 03/02/27 | 214,240 | — | (24,449) | (2,483) | (19,431) | (3,035) | 164,842 | 175,000 | 5,900 |
2.45%, 03/03/27 | — | 437,186 | (45,913) | (2,763) | (24,158) | 1,720 | 366,072 | 400,000 | 7,719 |
3.30%, 04/01/27 | 241,650 | — | (48,539) | (5,472) | (18,351) | (3,267) | 166,021 | 175,000 | 6,618 |
3.20%, 01/25/28 | 242,089 | — | (49,255) | (2,687) | (25,350) | (1,407) | 163,390 | 175,000 | 6,329 |
2.00%, 03/20/28 | 354,686 | — | (21,533) | (3,691) | (43,143) | (551) | 285,768 | 325,000 | 6,874 |
4.00%, 02/01/29 | 224,536 | — | (55,102) | (241) | (23,677) | (2,632) | 142,884 | 150,000 | 6,111 |
3.25%, 05/22/29 | 215,274 | — | (52,728) | 333 | (25,700) | (954) | 136,225 | 150,000 | 4,965 |
2.75%, 10/01/29 | 157,104 | — | (23,403) | (2,805) | (20,912) | (795) | 109,189 | 125,000 | 3,634 |
4.63%, 03/22/30 | 177,897 | — | (25,554) | (1,789) | (25,335) | (2,328) | 122,891 | 125,000 | 6,372 |
1.65%, 03/11/31 | 240,508 | — | (46,579) | (925) | (38,008) | 975 | 155,971 | 200,000 | 3,346 |
2.30%, 05/13/31 | 202,140 | — | — | — | (37,875) | (446) | 163,819 | 200,000 | 4,600 |
1.95%, 12/01/31 | 245,733 | — | (20,483) | (4,131) | (44,781) | 353 | 176,691 | 225,000 | 4,633 |
2.90%, 03/03/32 | — | 288,959 | (42,873) | (5,345) | (28,624) | 651 | 212,768 | 250,000 | 5,915 |
Total | $4,669,609 | $851,167 | ($903,972) | ($44,264) | ($495,068) | ($31,456) | $4,046,016 | $112,649 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $1,628,668,613 | $— | $1,628,668,613 |
Treasuries1 | — | 2,779,962,408 | — | 2,779,962,408 |
Government Related1 | — | 342,498,665 | — | 342,498,665 |
Securitized1 | — | 2,027,605,332 | — | 2,027,605,332 |
Short-Term Investments1 | 170,679,671 | — | — | 170,679,671 |
Total | $170,679,671 | $6,778,735,018 | $— | $6,949,414,689 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $4,542,247) | $4,046,016 | |
Investments in securities, at value - unaffiliated (cost $7,769,364,682) including securities on loan of $2,389,856 | 6,945,368,673 | |
Cash | 1,370,006 | |
Deposits with brokers for TBA margin | 820,000 | |
Receivables: | ||
Investments sold | 110,789,535 | |
Interest | 41,743,291 | |
Fund shares sold | 9,158,423 | |
Dividends | 529,173 | |
Income from securities on loan | + | 4,525 |
Total assets | 7,113,829,642 | |
Liabilities | ||
Collateral held for securities on loan | 2,462,625 | |
Payables: | ||
Investments bought - delayed-delivery | 200,385,903 | |
Investments bought | 105,695,792 | |
Management fees | + | 175,355 |
Total liabilities | 308,719,675 | |
Net assets | $6,805,109,967 | |
Net Assets by Source | ||
Capital received from investors | $7,923,951,467 | |
Total distributable loss | + | (1,118,841,500) |
Net assets | $6,805,109,967 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$6,805,109,967 | 148,900,000 | $45.70 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $174,449,362 | |
Dividends received from securities - unaffiliated | 2,009,847 | |
Interest received from securities - affiliated | 81,193 | |
Securities on loan, net | + | 52,909 |
Total investment income | 176,593,311 | |
Expenses | ||
Management fees | 2,679,264 | |
Proxy fees1 | + | 146,342 |
Total expenses | – | 2,825,606 |
Net investment income | 173,767,705 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (5,105) | |
Net realized losses on sales of securities - unaffiliated | (262,965,656) | |
Net realized losses on sales of in-kind redemptions - affiliated | (39,159) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | + | (25,639,493) |
Net realized losses | (288,649,413) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (495,068) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | (1,019,688,773) |
Net change in unrealized appreciation (depreciation) | + | (1,020,183,841) |
Net realized and unrealized losses | (1,308,833,254) | |
Decrease in net assets resulting from operations | ($1,135,065,549) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $173,767,705 | $157,734,609 | |
Net realized gains (losses) | (288,649,413) | 34,204,386 | |
Net change in unrealized appreciation (depreciation) | + | (1,020,183,841) | (346,508,432) |
Decrease in net assets from operations | ($1,135,065,549) | ($154,569,437) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($185,912,810) | ($191,909,550) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 12,800,000 | $619,764,211 | 23,200,000 | $1,267,931,523 | |
Shares redeemed | + | (32,200,000) | (1,567,471,655) | (10,700,000) | (580,401,838) |
Net transactions in fund shares | (19,400,000) | ($947,707,444) | 12,500,000 | $687,529,685 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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) | + | (19,400,000) | (2,268,685,803) | 12,500,000 | 341,050,698 |
End of period | 148,900,000 | $6,805,109,967 | 168,300,000 | $9,073,795,770 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/191– 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 | 0.75 | 0.50 | 0.89 | 0.23 | ||
Net realized and unrealized gains (losses) | (3.60) | (0.82) | 1.74 | 0.02 | ||
Total from investment operations | (2.85) | (0.32) | 2.63 | 0.25 | ||
Less distributions: | ||||||
Distributions from net investment income | (0.77) | (0.48) | (0.89) | (0.21) | ||
Distributions from net realized gains | — | — | (0.41) | — | ||
Total distributions | (0.77) | (0.48) | (1.30) | (0.21) | ||
Net asset value at end of period | $46.95 | $50.57 | $51.37 | $50.04 | ||
Total return | (5.65%) | (0.64%) | 5.31% | 0.50%3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%4,5 | 0.05%6 | 0.05% | 0.06%7,8 | ||
Net investment income (loss) | 1.56% | 0.99% | 1.74% | 2.01%7 | ||
Portfolio turnover rate9 | 14% | 13% | 80% | 12%3 | ||
Net assets, end of period (x 1,000) | $370,872 | $609,404 | $118,146 | $35,029 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
7 | Annualized. |
8 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
9 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 99.0% OF NET ASSETS | ||
Financial Institutions 46.6% | ||
Banking 37.4% | ||
Ally Financial, Inc. | ||
3.88%, 05/21/24 (a) | 100,000 | 97,550 |
5.13%, 09/30/24 | 120,000 | 119,001 |
4.63%, 03/30/25 | 175,000 | 171,261 |
5.80%, 05/01/25 (a) | 150,000 | 149,508 |
4.75%, 06/09/27 (a) | 150,000 | 141,098 |
7.10%, 11/15/27 (a) | 50,000 | 51,019 |
American Express Co. | ||
3.40%, 02/22/24 (a) | 200,000 | 196,531 |
3.38%, 05/03/24 | 300,000 | 294,116 |
2.50%, 07/30/24 (a) | 235,000 | 226,216 |
3.00%, 10/30/24 (a) | 265,000 | 256,617 |
2.25%, 03/04/25 (a) | 250,000 | 236,384 |
3.95%, 08/01/25 (a) | 300,000 | 294,139 |
4.20%, 11/06/25 (a) | 125,000 | 123,639 |
3.13%, 05/20/26 (a) | 225,000 | 212,359 |
1.65%, 11/04/26 (a) | 175,000 | 155,285 |
2.55%, 03/04/27 (a) | 300,000 | 273,377 |
3.30%, 05/03/27 (a) | 300,000 | 281,143 |
5.85%, 11/05/27 (a) | 200,000 | 208,057 |
American Express Credit Corp. | ||
3.30%, 05/03/27 (a) | 125,000 | 118,510 |
Banco Bilbao Vizcaya Argentaria S.A. | ||
1.13%, 09/18/25 | 200,000 | 179,134 |
6.14%, 09/14/28 (a)(b) | 200,000 | 200,799 |
Banco Santander S.A. | ||
3.89%, 05/24/24 | 200,000 | 195,774 |
2.71%, 06/27/24 | 200,000 | 192,058 |
3.50%, 03/24/25 | 200,000 | 193,035 |
2.75%, 05/28/25 | 400,000 | 374,617 |
5.15%, 08/18/25 | 200,000 | 198,132 |
5.18%, 11/19/25 | 200,000 | 197,625 |
1.85%, 03/25/26 | 200,000 | 177,831 |
4.25%, 04/11/27 | 200,000 | 190,675 |
5.29%, 08/18/27 | 400,000 | 390,540 |
1.72%, 09/14/27 (a)(b) | 200,000 | 171,371 |
4.18%, 03/24/28 (a)(b) | 200,000 | 185,789 |
Bank of America Corp. | ||
4.13%, 01/22/24 | 350,000 | 347,476 |
4.00%, 04/01/24 | 325,000 | 321,067 |
4.20%, 08/26/24 | 600,000 | 590,962 |
4.00%, 01/22/25 | 400,000 | 391,806 |
1.84%, 02/04/25 (a)(b) | 200,000 | 191,914 |
3.46%, 03/15/25 (a)(b) | 350,000 | 341,192 |
3.95%, 04/21/25 | 400,000 | 389,781 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
0.98%, 04/22/25 (a)(b) | 350,000 | 328,303 |
3.84%, 04/25/25 (a)(b) | 350,000 | 342,033 |
3.88%, 08/01/25 | 275,000 | 268,046 |
0.98%, 09/25/25 (a)(b) | 325,000 | 300,031 |
3.09%, 10/01/25 (a)(b) | 375,000 | 359,678 |
2.46%, 10/22/25 (a)(b) | 325,000 | 307,421 |
1.53%, 12/06/25 (a)(b) | 100,000 | 92,328 |
3.37%, 01/23/26 (a)(b) | 320,000 | 306,065 |
2.02%, 02/13/26 (a)(b) | 330,000 | 306,419 |
4.45%, 03/03/26 | 325,000 | 318,696 |
3.38%, 04/02/26 (a)(b) | 550,000 | 525,629 |
3.50%, 04/19/26 | 425,000 | 406,047 |
1.32%, 06/19/26 (a)(b) | 600,000 | 540,896 |
4.83%, 07/22/26 (a)(b) | 250,000 | 247,474 |
6.22%, 09/15/26 | 75,000 | 77,875 |
4.25%, 10/22/26 | 350,000 | 338,791 |
1.20%, 10/24/26 (a)(b) | 350,000 | 312,498 |
1.66%, 03/11/27 (a)(b) | 450,000 | 398,074 |
3.56%, 04/23/27 (a)(b) | 500,000 | 469,067 |
1.73%, 07/22/27 (a)(b) | 1,000,000 | 877,138 |
3.25%, 10/21/27 (a) | 400,000 | 370,237 |
4.18%, 11/25/27 (a) | 350,000 | 332,716 |
3.82%, 01/20/28 (a)(b) | 400,000 | 373,828 |
2.55%, 02/04/28 (a)(b) | 425,000 | 377,764 |
3.71%, 04/24/28 (a)(b) | 250,000 | 231,865 |
4.38%, 04/27/28 (a)(b) | 350,000 | 334,917 |
3.59%, 07/21/28 (a)(b) | 300,000 | 276,532 |
4.95%, 07/22/28 (a)(b) | 600,000 | 587,311 |
6.20%, 11/10/28 (a)(b) | 100,000 | 103,037 |
3.42%, 12/20/28 (a)(b) | 1,050,000 | 953,071 |
Bank of Montreal | ||
3.30%, 02/05/24 | 400,000 | 392,703 |
2.50%, 06/28/24 | 330,000 | 317,810 |
4.25%, 09/14/24 | 100,000 | 98,659 |
1.50%, 01/10/25 | 225,000 | 210,011 |
1.85%, 05/01/25 | 250,000 | 233,660 |
3.70%, 06/07/25 | 300,000 | 291,251 |
1.25%, 09/15/26 | 250,000 | 219,360 |
0.95%, 01/22/27 (a)(b) | 150,000 | 132,776 |
2.65%, 03/08/27 | 200,000 | 183,030 |
4.70%, 09/14/27 (a) | 150,000 | 148,581 |
3.80%, 12/15/32 (a)(b) | 200,000 | 176,509 |
Bank of New York Mellon Corp. | ||
3.65%, 02/04/24 (a) | 200,000 | 197,106 |
0.50%, 04/26/24 (a) | 100,000 | 94,424 |
3.40%, 05/15/24 (a) | 100,000 | 98,002 |
3.25%, 09/11/24 (a) | 100,000 | 97,334 |
2.10%, 10/24/24 | 275,000 | 262,433 |
3.00%, 02/24/25 (a) | 145,000 | 139,903 |
1.60%, 04/24/25 (a) | 250,000 | 232,408 |
3.35%, 04/25/25 (a) | 100,000 | 96,936 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 11/18/25 (a) | 75,000 | 73,436 |
5.22%, 11/21/25 (a)(b) | 250,000 | 250,316 |
0.75%, 01/28/26 (a) | 100,000 | 88,748 |
2.80%, 05/04/26 (a) | 200,000 | 187,827 |
2.45%, 08/17/26 (a) | 150,000 | 138,142 |
1.05%, 10/15/26 (a) | 150,000 | 130,581 |
3.25%, 05/16/27 (a) | 150,000 | 141,313 |
3.44%, 02/07/28 (a)(b) | 150,000 | 141,084 |
3.99%, 06/13/28 (a)(b) | 150,000 | 143,727 |
5.80%, 10/25/28 (a)(b) | 200,000 | 206,673 |
Bank of Nova Scotia | ||
3.40%, 02/11/24 | 225,000 | 221,223 |
0.70%, 04/15/24 | 350,000 | 330,711 |
0.65%, 07/31/24 | 200,000 | 186,520 |
2.20%, 02/03/25 | 230,000 | 216,755 |
3.45%, 04/11/25 | 250,000 | 241,019 |
1.30%, 06/11/25 | 250,000 | 229,198 |
4.50%, 12/16/25 | 325,000 | 319,014 |
1.05%, 03/02/26 | 175,000 | 154,959 |
1.35%, 06/24/26 | 100,000 | 88,878 |
2.70%, 08/03/26 | 200,000 | 185,409 |
1.30%, 09/15/26 | 125,000 | 109,471 |
1.95%, 02/02/27 | 100,000 | 89,157 |
2.95%, 03/11/27 | 175,000 | 161,446 |
BankUnited, Inc. | ||
4.88%, 11/17/25 (a) | 125,000 | 123,422 |
Barclays PLC | ||
4.38%, 09/11/24 | 300,000 | 293,948 |
3.65%, 03/16/25 | 375,000 | 360,578 |
3.93%, 05/07/25 (a)(b) | 400,000 | 388,123 |
4.38%, 01/12/26 | 400,000 | 386,923 |
2.85%, 05/07/26 (a)(b) | 250,000 | 232,257 |
5.20%, 05/12/26 | 350,000 | 341,012 |
5.30%, 08/09/26 (a)(b) | 250,000 | 248,453 |
7.33%, 11/02/26 (a)(b) | 200,000 | 207,493 |
2.28%, 11/24/27 (a)(b) | 250,000 | 217,006 |
5.50%, 08/09/28 (a)(b) | 275,000 | 267,583 |
7.39%, 11/02/28 (a)(b) | 200,000 | 208,300 |
BNP Paribas S.A. | ||
4.25%, 10/15/24 | 200,000 | 195,556 |
BPCE S.A. | ||
3.38%, 12/02/26 | 250,000 | 234,944 |
Cadence Bank | ||
4.13%, 11/20/29 (a)(b) | 25,000 | 23,336 |
Canadian Imperial Bank of Commerce | ||
3.10%, 04/02/24 | 235,000 | 229,383 |
2.25%, 01/28/25 | 225,000 | 212,488 |
3.30%, 04/07/25 | 250,000 | 240,108 |
0.95%, 10/23/25 | 200,000 | 179,835 |
1.25%, 06/22/26 | 175,000 | 154,218 |
3.45%, 04/07/27 | 150,000 | 141,168 |
Capital One Financial Corp. | ||
3.90%, 01/29/24 (a) | 250,000 | 246,986 |
3.75%, 04/24/24 (a) | 100,000 | 98,181 |
3.30%, 10/30/24 (a) | 200,000 | 193,124 |
3.20%, 02/05/25 (a) | 195,000 | 187,820 |
4.25%, 04/30/25 (a) | 50,000 | 49,103 |
4.17%, 05/09/25 (a)(b) | 75,000 | 73,346 |
4.20%, 10/29/25 (a) | 250,000 | 241,977 |
2.64%, 03/03/26 (a)(b) | 200,000 | 187,594 |
4.99%, 07/24/26 (a)(b) | 200,000 | 196,339 |
3.75%, 07/28/26 (a) | 225,000 | 212,654 |
3.75%, 03/09/27 (a) | 200,000 | 190,087 |
3.65%, 05/11/27 (a) | 150,000 | 141,526 |
1.88%, 11/02/27 (a)(b) | 225,000 | 197,180 |
4.93%, 05/10/28 (a)(b) | 250,000 | 242,417 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Capital One NA | ||
2.28%, 01/28/26 (a)(b) | 250,000 | 234,534 |
Citibank NA | ||
3.65%, 01/23/24 (a) | 400,000 | 395,113 |
Citigroup, Inc. | ||
3.75%, 06/16/24 | 140,000 | 137,836 |
4.00%, 08/05/24 | 95,000 | 93,627 |
3.88%, 03/26/25 | 225,000 | 218,997 |
3.35%, 04/24/25 (a)(b) | 425,000 | 412,229 |
3.30%, 04/27/25 | 225,000 | 217,835 |
0.98%, 05/01/25 (a)(b) | 400,000 | 374,785 |
4.14%, 05/24/25 (a)(b) | 100,000 | 98,520 |
4.40%, 06/10/25 | 500,000 | 491,286 |
5.50%, 09/13/25 | 200,000 | 201,529 |
1.28%, 11/03/25 (a)(b) | 200,000 | 184,443 |
3.70%, 01/12/26 | 425,000 | 409,132 |
2.01%, 01/25/26 (a)(b) | 200,000 | 185,339 |
4.60%, 03/09/26 | 275,000 | 270,860 |
3.29%, 03/17/26 (a)(b) | 300,000 | 285,447 |
3.11%, 04/08/26 (a)(b) | 600,000 | 567,670 |
3.40%, 05/01/26 | 400,000 | 379,909 |
5.61%, 09/29/26 (a)(b) | 425,000 | 426,613 |
3.20%, 10/21/26 (a) | 475,000 | 440,763 |
4.30%, 11/20/26 | 300,000 | 290,222 |
1.12%, 01/28/27 (a)(b) | 450,000 | 392,970 |
1.46%, 06/09/27 (a)(b) | 475,000 | 412,844 |
4.45%, 09/29/27 | 500,000 | 478,023 |
3.89%, 01/10/28 (a)(b) | 450,000 | 421,304 |
3.07%, 02/24/28 (a)(b) | 450,000 | 406,616 |
4.66%, 05/24/28 (a)(b) | 300,000 | 290,496 |
3.67%, 07/24/28 (a)(b) | 200,000 | 184,039 |
3.52%, 10/27/28 (a)(b) | 350,000 | 319,373 |
Citizens Bank NA | ||
2.25%, 04/28/25 (a) | 250,000 | 233,223 |
3.75%, 02/18/26 (a) | 250,000 | 239,911 |
Citizens Financial Group, Inc. | ||
2.85%, 07/27/26 (a) | 200,000 | 185,406 |
Comerica Bank | ||
2.50%, 07/23/24 | 250,000 | 240,094 |
Cooperatieve Rabobank UA | ||
0.38%, 01/12/24 | 250,000 | 238,375 |
3.38%, 05/21/25 | 350,000 | 339,562 |
4.38%, 08/04/25 | 250,000 | 244,102 |
3.75%, 07/21/26 | 250,000 | 235,706 |
Credit Suisse AG | ||
0.50%, 02/02/24 | 250,000 | 232,265 |
4.75%, 08/09/24 | 250,000 | 238,957 |
3.63%, 09/09/24 | 300,000 | 280,548 |
3.70%, 02/21/25 | 250,000 | 230,808 |
2.95%, 04/09/25 | 250,000 | 225,713 |
1.25%, 08/07/26 | 275,000 | 222,907 |
5.00%, 07/09/27 | 250,000 | 228,093 |
Credit Suisse Group AG | ||
3.75%, 03/26/25 | 350,000 | 316,852 |
4.55%, 04/17/26 | 325,000 | 289,723 |
Deutsche Bank AG | ||
0.90%, 05/28/24 | 150,000 | 140,484 |
3.70%, 05/30/24 | 200,000 | 195,665 |
1.45%, 04/01/25 (a)(b) | 200,000 | 186,133 |
4.50%, 04/01/25 | 275,000 | 262,047 |
3.96%, 11/26/25 (a)(b) | 325,000 | 311,055 |
4.10%, 01/13/26 | 150,000 | 143,969 |
1.69%, 03/19/26 | 250,000 | 224,610 |
6.12%, 07/14/26 (a)(b) | 250,000 | 249,199 |
2.13%, 11/24/26 (a)(b) | 350,000 | 309,319 |
2.31%, 11/16/27 (a)(b) | 150,000 | 127,500 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.55%, 01/07/28 (a)(b) | 200,000 | 170,450 |
4.88%, 12/01/32 (a)(b) | 200,000 | 167,396 |
Discover Bank | ||
2.45%, 09/12/24 (a) | 250,000 | 237,635 |
4.25%, 03/13/26 | 100,000 | 95,902 |
3.45%, 07/27/26 (a) | 250,000 | 230,659 |
Discover Financial Services | ||
3.95%, 11/06/24 (a) | 50,000 | 48,733 |
4.50%, 01/30/26 (a) | 50,000 | 48,531 |
4.10%, 02/09/27 (a) | 150,000 | 141,367 |
Fifth Third Bancorp | ||
4.30%, 01/16/24 (a) | 225,000 | 223,067 |
3.65%, 01/25/24 (a) | 200,000 | 197,267 |
2.38%, 01/28/25 (a) | 170,000 | 161,370 |
2.55%, 05/05/27 (a) | 200,000 | 180,407 |
1.71%, 11/01/27 (a)(b) | 125,000 | 110,628 |
6.36%, 10/27/28 (a)(b) | 100,000 | 103,182 |
Fifth Third Bank NA | ||
3.95%, 07/28/25 (a) | 250,000 | 246,433 |
5.85%, 10/27/25 (a)(b) | 100,000 | 101,145 |
2.25%, 02/01/27 (a) | 100,000 | 90,374 |
First Citizens BancShares, Inc. | ||
3.38%, 03/15/30 (a)(b) | 25,000 | 23,671 |
First Horizon Corp. | ||
4.00%, 05/26/25 (a) | 75,000 | 73,043 |
First-Citizens Bank & Trust Co. | ||
2.97%, 09/27/25 (a)(b) | 150,000 | 141,933 |
FNB Corp. | ||
5.15%, 08/25/25 (a) | 50,000 | 49,561 |
Goldman Sachs Group, Inc. | ||
3.63%, 02/20/24 (a) | 190,000 | 186,873 |
4.00%, 03/03/24 | 425,000 | 419,752 |
3.00%, 03/15/24 | 500,000 | 487,830 |
3.85%, 07/08/24 (a) | 375,000 | 368,094 |
3.50%, 01/23/25 (a) | 375,000 | 363,039 |
1.76%, 01/24/25 (a)(b) | 300,000 | 287,277 |
3.50%, 04/01/25 (a) | 550,000 | 529,686 |
3.75%, 05/22/25 (a) | 400,000 | 387,342 |
3.27%, 09/29/25 (a)(b) | 500,000 | 481,543 |
4.25%, 10/21/25 | 325,000 | 318,174 |
0.86%, 02/12/26 (a)(b) | 250,000 | 226,183 |
3.75%, 02/25/26 (a) | 300,000 | 289,345 |
3.50%, 11/16/26 (a) | 425,000 | 399,543 |
1.09%, 12/09/26 (a)(b) | 375,000 | 331,466 |
5.95%, 01/15/27 | 150,000 | 154,172 |
3.85%, 01/26/27 (a) | 600,000 | 571,588 |
1.43%, 03/09/27 (a)(b) | 575,000 | 504,009 |
4.39%, 06/15/27 (a)(b) | 100,000 | 96,522 |
1.54%, 09/10/27 (a)(b) | 450,000 | 389,040 |
1.95%, 10/21/27 (a)(b) | 675,000 | 589,837 |
2.64%, 02/24/28 (a)(b) | 500,000 | 445,371 |
3.62%, 03/15/28 (a)(b) | 550,000 | 511,257 |
3.69%, 06/05/28 (a)(b) | 300,000 | 278,958 |
4.48%, 08/23/28 (a)(b) | 350,000 | 335,253 |
HSBC Holdings PLC | ||
4.25%, 03/14/24 | 500,000 | 491,684 |
3.80%, 03/11/25 (a)(b) | 450,000 | 438,909 |
0.98%, 05/24/25 (a)(b) | 200,000 | 185,133 |
4.25%, 08/18/25 | 200,000 | 192,641 |
2.63%, 11/07/25 (a)(b) | 350,000 | 330,018 |
4.18%, 12/09/25 (a)(b) | 200,000 | 194,261 |
4.30%, 03/08/26 | 500,000 | 484,120 |
3.00%, 03/10/26 (a)(b) | 350,000 | 329,290 |
1.65%, 04/18/26 (a)(b) | 450,000 | 406,859 |
3.90%, 05/25/26 | 250,000 | 238,725 |
2.10%, 06/04/26 (a)(b) | 400,000 | 364,811 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.29%, 09/12/26 (a)(b) | 400,000 | 384,086 |
7.34%, 11/03/26 (a)(b) | 300,000 | 312,363 |
4.38%, 11/23/26 | 200,000 | 192,716 |
1.59%, 05/24/27 (a)(b) | 300,000 | 258,951 |
2.25%, 11/22/27 (a)(b) | 550,000 | 477,646 |
4.04%, 03/13/28 (a)(b) | 400,000 | 369,674 |
4.76%, 06/09/28 (a)(b) | 350,000 | 331,826 |
5.21%, 08/11/28 (a)(b) | 350,000 | 337,648 |
2.01%, 09/22/28 (a)(b) | 250,000 | 208,986 |
7.39%, 11/03/28 (a)(b) | 350,000 | 367,565 |
HSBC USA, Inc. | ||
3.75%, 05/24/24 | 200,000 | 196,478 |
3.50%, 06/23/24 | 100,000 | 97,459 |
Huntington Bancshares, Inc. | ||
2.63%, 08/06/24 (a) | 100,000 | 96,095 |
4.00%, 05/15/25 (a) | 50,000 | 48,768 |
4.44%, 08/04/28 (a)(b) | 100,000 | 95,338 |
Huntington National Bank | ||
5.70%, 11/18/25 (a)(b) | 250,000 | 250,864 |
4.55%, 05/17/28 (a)(b) | 250,000 | 241,683 |
ING Groep N.V. | ||
3.55%, 04/09/24 | 200,000 | 195,758 |
3.87%, 03/28/26 (a)(b) | 200,000 | 192,181 |
3.95%, 03/29/27 | 200,000 | 189,261 |
1.73%, 04/01/27 (a)(b) | 200,000 | 176,460 |
4.02%, 03/28/28 (a)(b) | 200,000 | 186,943 |
JPMorgan Chase & Co. | ||
3.88%, 02/01/24 | 250,000 | 247,459 |
3.63%, 05/13/24 | 250,000 | 245,838 |
3.88%, 09/10/24 | 475,000 | 465,431 |
4.02%, 12/05/24 (a)(b) | 400,000 | 394,250 |
3.13%, 01/23/25 (a) | 400,000 | 386,508 |
0.56%, 02/16/25 (a)(b) | 200,000 | 188,683 |
3.22%, 03/01/25 (a)(b) | 250,000 | 243,043 |
0.82%, 06/01/25 (a)(b) | 300,000 | 280,106 |
3.85%, 06/14/25 (a)(b) | 300,000 | 293,715 |
0.97%, 06/23/25 (a)(b) | 300,000 | 279,952 |
3.90%, 07/15/25 (a) | 375,000 | 367,126 |
7.75%, 07/15/25 | 50,000 | 53,646 |
0.77%, 08/09/25 (a)(b) | 300,000 | 276,991 |
2.30%, 10/15/25 (a)(b) | 455,000 | 428,898 |
1.56%, 12/10/25 (a)(b) | 450,000 | 416,892 |
5.55%, 12/15/25 (a)(b) | 300,000 | 300,079 |
2.60%, 02/24/26 (a)(b) | 200,000 | 188,225 |
2.01%, 03/13/26 (a)(b) | 400,000 | 370,598 |
3.30%, 04/01/26 (a) | 400,000 | 380,384 |
2.08%, 04/22/26 (a)(b) | 550,000 | 510,700 |
4.08%, 04/26/26 (a)(b) | 400,000 | 389,178 |
3.20%, 06/15/26 (a) | 300,000 | 283,763 |
2.95%, 10/01/26 (a) | 500,000 | 466,849 |
7.63%, 10/15/26 | 50,000 | 54,822 |
1.05%, 11/19/26 (a)(b) | 450,000 | 397,477 |
4.13%, 12/15/26 | 325,000 | 314,826 |
3.96%, 01/29/27 (a)(b) | 400,000 | 382,677 |
1.04%, 02/04/27 (a)(b) | 325,000 | 283,592 |
1.58%, 04/22/27 (a)(b) | 500,000 | 440,555 |
8.00%, 04/29/27 | 75,000 | 83,987 |
1.47%, 09/22/27 (a)(b) | 425,000 | 368,196 |
4.25%, 10/01/27 | 400,000 | 385,400 |
3.63%, 12/01/27 (a) | 100,000 | 92,976 |
3.78%, 02/01/28 (a)(b) | 400,000 | 374,571 |
2.95%, 02/24/28 (a)(b) | 350,000 | 317,324 |
4.32%, 04/26/28 (a)(b) | 500,000 | 477,078 |
3.54%, 05/01/28 (a)(b) | 375,000 | 346,016 |
2.18%, 06/01/28 (a)(b) | 250,000 | 218,632 |
4.85%, 07/25/28 (a)(b) | 500,000 | 488,696 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
KeyBank NA | ||
4.15%, 08/08/25 | 250,000 | 244,619 |
3.40%, 05/20/26 | 200,000 | 188,062 |
KeyCorp | ||
4.15%, 10/29/25 | 50,000 | 48,845 |
2.25%, 04/06/27 | 200,000 | 178,337 |
Lloyds Banking Group PLC | ||
3.90%, 03/12/24 | 200,000 | 196,353 |
4.50%, 11/04/24 | 200,000 | 195,564 |
4.45%, 05/08/25 | 300,000 | 294,367 |
3.87%, 07/09/25 (a)(b) | 300,000 | 291,045 |
4.58%, 12/10/25 | 200,000 | 193,566 |
2.44%, 02/05/26 (a)(b) | 200,000 | 186,101 |
3.51%, 03/18/26 (a)(b) | 200,000 | 190,222 |
4.65%, 03/24/26 | 200,000 | 191,439 |
4.72%, 08/11/26 (a)(b) | 200,000 | 195,647 |
3.75%, 01/11/27 | 200,000 | 186,260 |
1.63%, 05/11/27 (a)(b) | 200,000 | 173,209 |
3.75%, 03/18/28 (a)(b) | 200,000 | 184,493 |
3.57%, 11/07/28 (a)(b) | 200,000 | 180,253 |
Manufacturers & Traders Trust Co. | ||
2.90%, 02/06/25 (a) | 250,000 | 239,569 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.41%, 03/07/24 | 250,000 | 244,684 |
2.80%, 07/18/24 | 200,000 | 192,711 |
2.19%, 02/25/25 | 400,000 | 374,864 |
3.78%, 03/02/25 | 250,000 | 243,504 |
1.41%, 07/17/25 | 200,000 | 181,775 |
4.79%, 07/18/25 (a)(b) | 225,000 | 222,745 |
0.95%, 07/19/25 (a)(b) | 450,000 | 418,463 |
5.06%, 09/12/25 (a)(b) | 200,000 | 198,818 |
3.85%, 03/01/26 | 400,000 | 383,092 |
2.76%, 09/13/26 | 300,000 | 274,737 |
1.54%, 07/20/27 (a)(b) | 300,000 | 261,145 |
3.29%, 07/25/27 | 200,000 | 184,435 |
1.64%, 10/13/27 (a)(b) | 200,000 | 173,280 |
2.34%, 01/19/28 (a)(b) | 200,000 | 176,420 |
4.08%, 04/19/28 (a)(b) | 200,000 | 188,779 |
5.02%, 07/20/28 (a)(b) | 200,000 | 195,565 |
5.35%, 09/13/28 (a)(b) | 200,000 | 198,474 |
Mizuho Financial Group, Inc. | ||
2.84%, 07/16/25 (a)(b) | 150,000 | 143,021 |
2.56%, 09/13/25 (a)(b) | 100,000 | 94,487 |
2.23%, 05/25/26 (a)(b) | 200,000 | 184,264 |
2.84%, 09/13/26 | 200,000 | 182,327 |
1.23%, 05/22/27 (a)(b) | 200,000 | 173,585 |
1.55%, 07/09/27 (a)(b) | 200,000 | 174,445 |
3.17%, 09/11/27 | 200,000 | 183,295 |
5.41%, 09/13/28 (a)(b) | 200,000 | 200,236 |
Morgan Stanley | ||
3.88%, 04/29/24 | 600,000 | 590,951 |
3.70%, 10/23/24 | 500,000 | 488,682 |
0.79%, 01/22/25 (a)(b) | 300,000 | 284,278 |
3.62%, 04/17/25 (a)(b) | 150,000 | 146,521 |
0.79%, 05/30/25 (a)(b) | 600,000 | 559,359 |
2.72%, 07/22/25 (a)(b) | 335,000 | 320,853 |
4.00%, 07/23/25 | 525,000 | 513,379 |
0.86%, 10/21/25 (a)(b) | 250,000 | 229,863 |
1.16%, 10/21/25 (a)(b) | 300,000 | 276,474 |
5.00%, 11/24/25 | 325,000 | 324,309 |
3.88%, 01/27/26 | 525,000 | 508,682 |
2.63%, 02/18/26 (a)(b) | 250,000 | 235,090 |
2.19%, 04/28/26 (a)(b) | 500,000 | 464,475 |
4.68%, 07/17/26 (a)(b) | 300,000 | 295,420 |
3.13%, 07/27/26 | 200,000 | 186,766 |
6.25%, 08/09/26 | 225,000 | 234,936 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.35%, 09/08/26 | 350,000 | 340,350 |
6.14%, 10/16/26 (a)(b) | 200,000 | 204,738 |
0.99%, 12/10/26 (a)(b) | 400,000 | 351,228 |
3.63%, 01/20/27 | 525,000 | 496,167 |
3.95%, 04/23/27 | 375,000 | 355,042 |
1.59%, 05/04/27 (a)(b) | 600,000 | 527,094 |
1.51%, 07/20/27 (a)(b) | 550,000 | 478,322 |
2.48%, 01/21/28 (a)(b) | 400,000 | 355,576 |
4.21%, 04/20/28 (a)(b) | 400,000 | 380,584 |
3.59%, 07/22/28 (a)(b) | 475,000 | 436,996 |
6.30%, 10/18/28 (a)(b) | 350,000 | 361,030 |
National Australia Bank Ltd. | ||
5.13%, 11/22/24 | 250,000 | 250,792 |
2.50%, 07/12/26 | 500,000 | 461,090 |
3.91%, 06/09/27 | 250,000 | 239,952 |
Natwest Group PLC | ||
4.27%, 03/22/25 (a)(b) | 300,000 | 293,199 |
4.80%, 04/05/26 | 300,000 | 293,572 |
7.47%, 11/10/26 (a)(b) | 200,000 | 208,440 |
1.64%, 06/14/27 (a)(b) | 250,000 | 216,970 |
3.07%, 05/22/28 (a)(b) | 250,000 | 223,648 |
5.52%, 09/30/28 (a)(b) | 200,000 | 198,214 |
Northern Trust Corp. | ||
3.95%, 10/30/25 | 125,000 | 122,545 |
4.00%, 05/10/27 (a) | 200,000 | 195,728 |
3.38%, 05/08/32 (a)(b) | 50,000 | 45,576 |
PNC Bank NA | ||
3.30%, 10/30/24 (a) | 100,000 | 97,389 |
2.95%, 02/23/25 (a) | 250,000 | 240,199 |
3.88%, 04/10/25 (a) | 250,000 | 243,308 |
4.20%, 11/01/25 (a) | 250,000 | 244,202 |
PNC Financial Services Group, Inc. | ||
3.50%, 01/23/24 (a) | 225,000 | 221,633 |
3.90%, 04/29/24 (a) | 100,000 | 98,847 |
2.20%, 11/01/24 (a) | 150,000 | 143,511 |
2.60%, 07/23/26 (a) | 250,000 | 231,868 |
1.15%, 08/13/26 (a) | 150,000 | 131,717 |
3.15%, 05/19/27 (a) | 100,000 | 93,493 |
5.35%, 12/02/28 (a)(b) | 200,000 | 202,124 |
Regions Financial Corp. | ||
2.25%, 05/18/25 (a) | 100,000 | 93,600 |
Royal Bank of Canada | ||
0.43%, 01/19/24 | 250,000 | 238,849 |
2.55%, 07/16/24 | 300,000 | 289,555 |
3.97%, 07/26/24 | 250,000 | 246,668 |
0.65%, 07/29/24 | 150,000 | 140,196 |
5.66%, 10/25/24 | 300,000 | 303,649 |
2.25%, 11/01/24 | 375,000 | 357,803 |
1.15%, 06/10/25 | 350,000 | 320,782 |
0.88%, 01/20/26 | 150,000 | 133,486 |
4.65%, 01/27/26 | 275,000 | 271,742 |
1.20%, 04/27/26 | 325,000 | 289,491 |
1.15%, 07/14/26 | 150,000 | 132,382 |
1.40%, 11/02/26 | 200,000 | 176,000 |
2.05%, 01/21/27 | 75,000 | 67,738 |
3.63%, 05/04/27 | 250,000 | 238,248 |
4.24%, 08/03/27 | 200,000 | 195,241 |
6.00%, 11/01/27 | 150,000 | 156,280 |
Santander Holdings USA, Inc. | ||
3.50%, 06/07/24 (a) | 175,000 | 170,143 |
3.45%, 06/02/25 (a) | 150,000 | 142,885 |
4.26%, 06/09/25 (a)(b) | 100,000 | 97,046 |
4.50%, 07/17/25 (a) | 150,000 | 147,219 |
5.81%, 09/09/26 (a)(b) | 50,000 | 49,730 |
3.24%, 10/05/26 (a)(c) | 150,000 | 139,378 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.40%, 07/13/27 (a) | 275,000 | 262,826 |
2.49%, 01/06/28 (a)(b) | 175,000 | 150,796 |
Santander UK Group Holdings PLC | ||
1.09%, 03/15/25 (a)(b) | 400,000 | 374,850 |
1.53%, 08/21/26 (a)(b) | 200,000 | 176,283 |
1.67%, 06/14/27 (a)(b) | 200,000 | 169,885 |
2.47%, 01/11/28 (a)(b) | 200,000 | 171,268 |
3.82%, 11/03/28 (a)(b) | 200,000 | 178,793 |
Santander UK PLC | ||
4.00%, 03/13/24 | 100,000 | 98,833 |
Signature Bank | ||
4.00%, 10/15/30 (a)(b) | 75,000 | 68,770 |
State Street Corp. | ||
3.78%, 12/03/24 (a)(b) | 100,000 | 98,873 |
3.30%, 12/16/24 | 100,000 | 97,577 |
3.55%, 08/18/25 | 200,000 | 194,844 |
2.35%, 11/01/25 (a)(b) | 250,000 | 238,563 |
2.90%, 03/30/26 (a)(b) | 100,000 | 95,317 |
2.65%, 05/19/26 | 150,000 | 141,281 |
5.75%, 11/04/26 (a)(b) | 50,000 | 51,395 |
1.68%, 11/18/27 (a)(b) | 150,000 | 133,290 |
2.20%, 02/07/28 (a)(b) | 125,000 | 112,601 |
Sumitomo Mitsui Banking Corp. | ||
3.40%, 07/11/24 | 200,000 | 194,315 |
Sumitomo Mitsui Financial Group, Inc. | ||
0.51%, 01/12/24 | 200,000 | 190,467 |
2.70%, 07/16/24 | 200,000 | 192,038 |
2.45%, 09/27/24 | 250,000 | 237,748 |
2.35%, 01/15/25 | 250,000 | 236,637 |
1.47%, 07/08/25 | 400,000 | 364,811 |
3.78%, 03/09/26 | 300,000 | 289,868 |
2.63%, 07/14/26 | 350,000 | 320,978 |
1.40%, 09/17/26 | 300,000 | 261,200 |
3.01%, 10/19/26 | 350,000 | 325,303 |
3.45%, 01/11/27 | 250,000 | 233,908 |
3.36%, 07/12/27 | 300,000 | 277,328 |
3.35%, 10/18/27 | 150,000 | 138,561 |
SVB Financial Group | ||
3.50%, 01/29/25 | 100,000 | 96,246 |
1.80%, 10/28/26 (a) | 150,000 | 131,623 |
4.35%, 04/29/28 (a)(b) | 50,000 | 47,345 |
Synchrony Financial | ||
4.38%, 03/19/24 (a) | 125,000 | 122,806 |
4.25%, 08/15/24 (a) | 250,000 | 244,654 |
4.88%, 06/13/25 (a) | 100,000 | 97,600 |
4.50%, 07/23/25 (a) | 200,000 | 192,774 |
3.70%, 08/04/26 (a) | 275,000 | 254,244 |
3.95%, 12/01/27 (a) | 150,000 | 134,046 |
Synovus Financial Corp. | ||
5.20%, 08/11/25 (a) | 125,000 | 124,132 |
Toronto-Dominion Bank | ||
0.55%, 03/04/24 | 150,000 | 142,646 |
2.35%, 03/08/24 | 200,000 | 193,995 |
3.25%, 03/11/24 | 200,000 | 195,801 |
2.65%, 06/12/24 | 325,000 | 314,810 |
0.70%, 09/10/24 | 200,000 | 186,212 |
1.45%, 01/10/25 | 100,000 | 93,220 |
3.77%, 06/06/25 | 225,000 | 218,506 |
1.15%, 06/12/25 | 150,000 | 136,816 |
0.75%, 09/11/25 | 75,000 | 67,147 |
0.75%, 01/06/26 | 300,000 | 265,742 |
1.20%, 06/03/26 | 250,000 | 220,700 |
1.25%, 09/10/26 | 250,000 | 218,800 |
1.95%, 01/12/27 | 150,000 | 134,188 |
2.80%, 03/10/27 | 200,000 | 183,448 |
4.11%, 06/08/27 | 250,000 | 241,673 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.69%, 09/15/27 | 225,000 | 222,584 |
3.63%, 09/15/31 (a)(b) | 275,000 | 253,739 |
Truist Bank | ||
3.20%, 04/01/24 (a) | 200,000 | 195,529 |
2.15%, 12/06/24 (a) | 250,000 | 237,915 |
1.50%, 03/10/25 (a) | 250,000 | 232,213 |
3.63%, 09/16/25 (a) | 300,000 | 288,735 |
4.05%, 11/03/25 (a) | 200,000 | 196,893 |
3.30%, 05/15/26 (a) | 200,000 | 188,503 |
Truist Financial Corp. | ||
2.50%, 08/01/24 (a) | 175,000 | 168,135 |
2.85%, 10/26/24 (a) | 175,000 | 168,912 |
4.00%, 05/01/25 (a) | 200,000 | 196,025 |
3.70%, 06/05/25 (a) | 150,000 | 145,936 |
1.20%, 08/05/25 (a) | 150,000 | 137,456 |
4.26%, 07/28/26 (a)(b) | 225,000 | 221,526 |
1.27%, 03/02/27 (a)(b) | 325,000 | 289,156 |
4.12%, 06/06/28 (a)(b) | 200,000 | 191,832 |
US Bancorp | ||
3.70%, 01/30/24 (a) | 55,000 | 54,336 |
3.38%, 02/05/24 (a) | 255,000 | 250,666 |
2.40%, 07/30/24 (a) | 200,000 | 192,408 |
3.60%, 09/11/24 (a) | 150,000 | 147,065 |
1.45%, 05/12/25 (a) | 300,000 | 278,512 |
3.95%, 11/17/25 (a) | 150,000 | 146,994 |
3.10%, 04/27/26 (a) | 150,000 | 141,979 |
2.38%, 07/22/26 (a) | 200,000 | 184,881 |
5.73%, 10/21/26 (a)(b) | 200,000 | 204,050 |
3.15%, 04/27/27 (a) | 200,000 | 188,156 |
2.22%, 01/27/28 (a)(b) | 200,000 | 180,028 |
4.55%, 07/22/28 (a)(b) | 250,000 | 245,086 |
US Bank NA | ||
2.05%, 01/21/25 (a) | 100,000 | 94,865 |
2.80%, 01/27/25 (a) | 200,000 | 192,941 |
Valley National Bancorp | ||
3.00%, 06/15/31 (a)(b) | 50,000 | 43,991 |
Wachovia Corp. | ||
7.57%, 08/01/26 (d) | 50,000 | 53,965 |
Wells Fargo & Co. | ||
4.48%, 01/16/24 | 100,000 | 99,418 |
3.75%, 01/24/24 (a) | 500,000 | 494,238 |
3.30%, 09/09/24 | 350,000 | 340,200 |
3.00%, 02/19/25 | 350,000 | 335,587 |
0.81%, 05/19/25 (a)(b) | 150,000 | 140,550 |
3.55%, 09/29/25 | 350,000 | 336,834 |
2.41%, 10/30/25 (a)(b) | 500,000 | 473,893 |
2.16%, 02/11/26 (a)(b) | 500,000 | 466,782 |
3.00%, 04/22/26 | 550,000 | 514,874 |
3.91%, 04/25/26 (a)(b) | 400,000 | 389,128 |
2.19%, 04/30/26 (a)(b) | 500,000 | 465,591 |
4.10%, 06/03/26 | 400,000 | 387,107 |
4.54%, 08/15/26 (a)(b) | 325,000 | 318,940 |
3.00%, 10/23/26 | 525,000 | 485,865 |
3.20%, 06/17/27 (a)(b) | 450,000 | 418,444 |
4.30%, 07/22/27 | 400,000 | 385,575 |
3.53%, 03/24/28 (a)(b) | 700,000 | 649,682 |
3.58%, 05/22/28 (a)(b) | 500,000 | 463,745 |
2.39%, 06/02/28 (a)(b) | 600,000 | 530,029 |
4.81%, 07/25/28 (a)(b) | 450,000 | 439,061 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(b) | 100,000 | 85,249 |
Westpac Banking Corp. | ||
3.30%, 02/26/24 | 350,000 | 344,079 |
2.35%, 02/19/25 | 175,000 | 166,140 |
3.74%, 08/26/25 | 150,000 | 146,086 |
2.85%, 05/13/26 | 250,000 | 234,432 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.15%, 06/03/26 | 300,000 | 265,553 |
2.70%, 08/19/26 | 200,000 | 185,819 |
3.35%, 03/08/27 | 200,000 | 188,642 |
4.04%, 08/26/27 | 200,000 | 195,511 |
5.46%, 11/18/27 | 200,000 | 204,650 |
2.89%, 02/04/30 (a)(b) | 225,000 | 206,496 |
4.32%, 11/23/31 (a)(b) | 275,000 | 257,986 |
138,773,947 | ||
Brokerage/Asset Managers/Exchanges 1.4% | ||
Affiliated Managers Group, Inc. | ||
4.25%, 02/15/24 | 100,000 | 98,911 |
3.50%, 08/01/25 | 75,000 | 72,165 |
Ameriprise Financial, Inc. | ||
3.70%, 10/15/24 | 100,000 | 97,556 |
3.00%, 04/02/25 (a) | 100,000 | 95,866 |
2.88%, 09/15/26 (a) | 150,000 | 139,627 |
BGC Partners, Inc. | ||
3.75%, 10/01/24 (a) | 75,000 | 71,776 |
BlackRock, Inc. | ||
3.50%, 03/18/24 | 185,000 | 182,161 |
3.20%, 03/15/27 | 100,000 | 94,861 |
Brookfield Corp. | ||
4.00%, 01/15/25 (a) | 165,000 | 161,459 |
Brookfield Finance, Inc. | ||
4.00%, 04/01/24 (a) | 125,000 | 122,960 |
Cboe Global Markets, Inc. | ||
3.65%, 01/12/27 (a) | 100,000 | 95,777 |
CME Group, Inc. | ||
3.00%, 03/15/25 (a) | 100,000 | 96,841 |
E*TRADE Financial Corp. | ||
3.80%, 08/24/27 (a) | 75,000 | 71,348 |
Eaton Vance Corp. | ||
3.50%, 04/06/27 (a) | 75,000 | 70,018 |
Franklin Resources, Inc. | ||
2.85%, 03/30/25 | 100,000 | 95,377 |
Intercontinental Exchange, Inc. | ||
3.65%, 05/23/25 (a) | 100,000 | 97,949 |
3.75%, 12/01/25 (a) | 250,000 | 243,569 |
3.10%, 09/15/27 (a) | 75,000 | 69,744 |
4.00%, 09/15/27 (a) | 350,000 | 338,383 |
Invesco Finance PLC | ||
4.00%, 01/30/24 | 25,000 | 24,813 |
3.75%, 01/15/26 | 175,000 | 168,318 |
Janus Capital Group, Inc. | ||
4.88%, 08/01/25 (a) | 75,000 | 73,967 |
Jefferies Financial Group, Inc. | ||
4.85%, 01/15/27 | 175,000 | 172,754 |
Lazard Group LLC | ||
3.75%, 02/13/25 | 100,000 | 96,687 |
3.63%, 03/01/27 (a) | 50,000 | 46,489 |
Legg Mason, Inc. | ||
4.75%, 03/15/26 | 100,000 | 100,497 |
Nasdaq, Inc. | ||
3.85%, 06/30/26 (a) | 100,000 | 96,695 |
Nomura Holdings, Inc. | ||
2.65%, 01/16/25 | 200,000 | 189,083 |
5.10%, 07/03/25 | 200,000 | 198,114 |
1.85%, 07/16/25 | 300,000 | 273,641 |
1.65%, 07/14/26 | 200,000 | 174,634 |
2.33%, 01/22/27 | 200,000 | 175,583 |
Stifel Financial Corp. | ||
4.25%, 07/18/24 | 115,000 | 112,864 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The Charles Schwab Corp. | ||
3.55%, 02/01/24 (a)(e) | 70,000 | 69,077 |
0.75%, 03/18/24 (a)(e) | 225,000 | 213,987 |
3.75%, 04/01/24 (a)(e) | 30,000 | 29,568 |
3.00%, 03/10/25 (a)(e) | 25,000 | 24,063 |
4.20%, 03/24/25 (a)(e) | 75,000 | 74,208 |
3.63%, 04/01/25 (a)(e) | 50,000 | 48,759 |
3.85%, 05/21/25 (a)(e) | 95,000 | 92,813 |
3.45%, 02/13/26 (a)(e) | 30,000 | 29,083 |
0.90%, 03/11/26 (a)(e) | 175,000 | 155,168 |
1.15%, 05/13/26 (a)(e) | 150,000 | 133,481 |
3.20%, 03/02/27 (a)(e) | 50,000 | 47,098 |
2.45%, 03/03/27 (a)(e) | 200,000 | 183,036 |
3.30%, 04/01/27 (a)(e) | 50,000 | 47,434 |
5,368,262 | ||
Finance Companies 2.4% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.88%, 01/16/24 (a) | 150,000 | 148,670 |
3.15%, 02/15/24 (a) | 150,000 | 145,650 |
2.88%, 08/14/24 (a) | 275,000 | 260,673 |
1.65%, 10/29/24 (a) | 500,000 | 462,007 |
3.50%, 01/15/25 (a) | 150,000 | 143,401 |
6.50%, 07/15/25 (a) | 150,000 | 152,438 |
4.45%, 10/01/25 (a) | 250,000 | 241,292 |
1.75%, 01/30/26 (a) | 150,000 | 132,282 |
4.45%, 04/03/26 (a) | 150,000 | 144,216 |
2.45%, 10/29/26 (a) | 600,000 | 525,478 |
3.65%, 07/21/27 (a) | 150,000 | 136,225 |
Air Lease Corp. | ||
4.25%, 02/01/24 (a) | 125,000 | 123,090 |
0.70%, 02/15/24 (a) | 125,000 | 118,183 |
0.80%, 08/18/24 (a) | 100,000 | 92,265 |
2.30%, 02/01/25 (a) | 100,000 | 93,348 |
3.25%, 03/01/25 (a) | 125,000 | 118,807 |
3.38%, 07/01/25 (a) | 125,000 | 118,016 |
2.88%, 01/15/26 (a) | 225,000 | 208,483 |
3.75%, 06/01/26 (a) | 100,000 | 93,851 |
1.88%, 08/15/26 (a) | 200,000 | 174,399 |
2.20%, 01/15/27 (a) | 100,000 | 87,469 |
3.63%, 04/01/27 (a) | 150,000 | 137,008 |
Aircastle Ltd. | ||
4.13%, 05/01/24 (a) | 50,000 | 48,442 |
4.25%, 06/15/26 (a) | 125,000 | 117,863 |
Ares Capital Corp. | ||
4.20%, 06/10/24 (a) | 135,000 | 130,613 |
4.25%, 03/01/25 (a) | 95,000 | 90,308 |
3.25%, 07/15/25 (a) | 275,000 | 253,851 |
3.88%, 01/15/26 (a) | 200,000 | 183,969 |
2.15%, 07/15/26 (a) | 175,000 | 148,611 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 125,000 | 108,327 |
Barings BDC, Inc. | ||
3.30%, 11/23/26 (a) | 75,000 | 63,534 |
BlackRock TCP Capital Corp. | ||
2.85%, 02/09/26 (a) | 75,000 | 67,207 |
Blackstone Private Credit Fund | ||
1.75%, 09/15/24 | 75,000 | 69,121 |
2.35%, 11/22/24 | 75,000 | 68,713 |
2.70%, 01/15/25 (a) | 75,000 | 69,163 |
4.70%, 03/24/25 | 150,000 | 144,274 |
2.63%, 12/15/26 (a) | 300,000 | 248,944 |
3.25%, 03/15/27 (a) | 200,000 | 168,835 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Blackstone Secured Lending Fund | ||
3.63%, 01/15/26 (a) | 125,000 | 115,183 |
2.75%, 09/16/26 (a) | 125,000 | 109,691 |
2.13%, 02/15/27 (a) | 100,000 | 82,888 |
FS KKR Capital Corp. | ||
4.63%, 07/15/24 (a) | 25,000 | 24,242 |
4.13%, 02/01/25 (a) | 160,000 | 150,479 |
3.40%, 01/15/26 (a) | 300,000 | 266,742 |
3.25%, 07/15/27 (a) | 75,000 | 63,246 |
GATX Corp. | ||
4.35%, 02/15/24 (a) | 100,000 | 99,091 |
3.25%, 03/30/25 (a) | 50,000 | 47,820 |
3.25%, 09/15/26 (a) | 100,000 | 93,325 |
Goldman Sachs BDC, Inc. | ||
3.75%, 02/10/25 (a) | 60,000 | 57,854 |
2.88%, 01/15/26 (a) | 75,000 | 69,155 |
Golub Capital BDC, Inc. | ||
3.38%, 04/15/24 (a) | 75,000 | 72,068 |
2.50%, 08/24/26 (a) | 100,000 | 85,465 |
2.05%, 02/15/27 (a) | 75,000 | 61,425 |
Hercules Capital, Inc. | ||
2.63%, 09/16/26 (a) | 125,000 | 105,693 |
Main Street Capital Corp. | ||
5.20%, 05/01/24 | 75,000 | 74,080 |
3.00%, 07/14/26 (a) | 100,000 | 86,490 |
Morgan Stanley Direct Lending Fund | ||
4.50%, 02/11/27 (a) | 75,000 | 69,408 |
Oaktree Specialty Lending Corp. | ||
3.50%, 02/25/25 (a) | 110,000 | 104,665 |
2.70%, 01/15/27 (a) | 50,000 | 43,052 |
Owl Rock Capital Corp. | ||
5.25%, 04/15/24 (a) | 25,000 | 24,700 |
4.00%, 03/30/25 (a) | 105,000 | 98,812 |
3.75%, 07/22/25 (a) | 100,000 | 92,753 |
4.25%, 01/15/26 (a) | 200,000 | 184,973 |
3.40%, 07/15/26 (a) | 150,000 | 131,670 |
Owl Rock Capital Corp. III | ||
3.13%, 04/13/27 (a) | 50,000 | 41,595 |
Owl Rock Core Income Corp. | ||
3.13%, 09/23/26 (a) | 75,000 | 64,336 |
4.70%, 02/08/27 (a) | 100,000 | 90,001 |
OWL Rock Core Income Corp. | ||
7.75%, 09/16/27 (a)(c) | 100,000 | 99,883 |
Owl Rock Technology Finance Corp. | ||
2.50%, 01/15/27 (a) | 50,000 | 40,920 |
Prospect Capital Corp. | ||
3.71%, 01/22/26 (a) | 75,000 | 65,989 |
3.36%, 11/15/26 (a) | 75,000 | 62,676 |
Sixth Street Specialty Lending, Inc. | ||
3.88%, 11/01/24 (a) | 95,000 | 91,655 |
8,811,051 | ||
Financial Other 0.1% | ||
Andrew W Mellon Foundation | ||
0.95%, 08/01/27 (a) | 100,000 | 85,138 |
ORIX Corp. | ||
4.05%, 01/16/24 | 25,000 | 24,660 |
3.25%, 12/04/24 | 150,000 | 144,528 |
3.70%, 07/18/27 | 50,000 | 46,971 |
5.00%, 09/13/27 | 100,000 | 99,958 |
401,255 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Insurance 2.7% | ||
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 125,000 | 121,588 |
Aflac, Inc. | ||
1.13%, 03/15/26 (a) | 75,000 | 66,519 |
2.88%, 10/15/26 (a) | 75,000 | 69,895 |
Allied World Assurance Co., Holdings Ltd. | ||
4.35%, 10/29/25 (a) | 100,000 | 95,699 |
Allstate Corp. | ||
0.75%, 12/15/25 (a) | 150,000 | 133,335 |
American Equity Investment Life Holding Co. | ||
5.00%, 06/15/27 (a) | 75,000 | 71,591 |
American International Group, Inc. | ||
4.13%, 02/15/24 | 50,000 | 49,523 |
2.50%, 06/30/25 (a) | 167,000 | 157,509 |
3.90%, 04/01/26 (a) | 150,000 | 145,244 |
Anthem, Inc. | ||
3.50%, 08/15/24 (a) | 125,000 | 121,970 |
3.35%, 12/01/24 (a) | 125,000 | 121,526 |
2.38%, 01/15/25 (a) | 200,000 | 190,000 |
3.65%, 12/01/27 (a) | 250,000 | 236,018 |
Aon Corp. | ||
8.21%, 01/01/27 | 100,000 | 105,226 |
Aon Corp./Aon Global Holdings PLC | ||
2.85%, 05/28/27 (a) | 100,000 | 91,868 |
Aon PLC | ||
3.50%, 06/14/24 (a) | 75,000 | 73,278 |
3.88%, 12/15/25 (a) | 150,000 | 146,328 |
Arch Capital Finance LLC | ||
4.01%, 12/15/26 (a) | 100,000 | 95,707 |
Assured Guaranty US Holdings, Inc. | ||
5.00%, 07/01/24 | 91,000 | 90,794 |
Berkshire Hathaway, Inc. | ||
3.13%, 03/15/26 (a) | 475,000 | 456,144 |
Brighthouse Financial, Inc. | ||
3.70%, 06/22/27 (a) | 100,000 | 93,188 |
Brown & Brown, Inc. | ||
4.20%, 09/15/24 (a) | 70,000 | 68,756 |
Centene Corp. | ||
4.25%, 12/15/27 (a) | 250,000 | 235,111 |
Chubb INA Holdings, Inc. | ||
3.35%, 05/15/24 | 75,000 | 73,415 |
3.15%, 03/15/25 | 150,000 | 144,939 |
3.35%, 05/03/26 (a) | 250,000 | 239,831 |
CNA Financial Corp. | ||
3.95%, 05/15/24 (a) | 75,000 | 73,770 |
4.50%, 03/01/26 (a) | 75,000 | 74,222 |
3.45%, 08/15/27 (a) | 100,000 | 92,977 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/25 (a) | 175,000 | 174,018 |
Corebridge Financial, Inc. | ||
3.50%, 04/04/25 (a)(c) | 150,000 | 143,888 |
3.65%, 04/05/27 (a)(c) | 200,000 | 186,771 |
6.88%, 12/15/52 (a)(b)(c) | 150,000 | 140,050 |
Elevance Health, Inc. | ||
1.50%, 03/15/26 (a) | 125,000 | 112,458 |
First American Financial Corp. | ||
4.60%, 11/15/24 | 75,000 | 74,036 |
Hanover Insurance Group, Inc. | ||
4.50%, 04/15/26 (a) | 75,000 | 73,265 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Humana, Inc. | ||
3.85%, 10/01/24 (a) | 75,000 | 73,555 |
4.50%, 04/01/25 (a) | 100,000 | 98,889 |
1.35%, 02/03/27 (a) | 125,000 | 108,054 |
3.95%, 03/15/27 (a) | 100,000 | 95,946 |
Jackson Financial, Inc. | ||
5.17%, 06/08/27 (a) | 75,000 | 74,198 |
Kemper Corp. | ||
4.35%, 02/15/25 (a) | 120,000 | 117,033 |
Lincoln National Corp. | ||
3.63%, 12/12/26 (a) | 100,000 | 93,963 |
Loews Corp. | ||
3.75%, 04/01/26 (a) | 100,000 | 96,576 |
Manulife Financial Corp. | ||
4.15%, 03/04/26 | 175,000 | 170,579 |
4.06%, 02/24/32 (a)(b) | 125,000 | 114,100 |
Markel Corp. | ||
3.50%, 11/01/27 (a) | 100,000 | 92,336 |
Marsh & McLennan Cos., Inc. | ||
3.88%, 03/15/24 (a) | 210,000 | 207,151 |
3.50%, 06/03/24 (a) | 80,000 | 78,437 |
3.50%, 03/10/25 (a) | 100,000 | 97,198 |
3.75%, 03/14/26 (a) | 100,000 | 97,156 |
Mercury General Corp. | ||
4.40%, 03/15/27 (a) | 100,000 | 94,056 |
MetLife, Inc. | ||
3.60%, 04/10/24 | 175,000 | 171,985 |
3.00%, 03/01/25 | 100,000 | 96,462 |
3.60%, 11/13/25 (a) | 75,000 | 72,996 |
Old Republic International Corp. | ||
4.88%, 10/01/24 (a) | 75,000 | 74,487 |
3.88%, 08/26/26 (a) | 125,000 | 118,606 |
Principal Financial Group, Inc. | ||
3.40%, 05/15/25 (a) | 100,000 | 96,877 |
Prudential Financial, Inc. | ||
1.50%, 03/10/26 (a) | 100,000 | 90,170 |
5.20%, 03/15/44 (a)(b) | 75,000 | 72,243 |
5.38%, 05/15/45 (a)(b) | 150,000 | 145,782 |
4.50%, 09/15/47 (a)(b) | 175,000 | 159,891 |
Radian Group, Inc. | ||
6.63%, 03/15/25 (a) | 50,000 | 49,528 |
4.88%, 03/15/27 (a) | 100,000 | 91,882 |
Reinsurance Group of America, Inc. | ||
3.95%, 09/15/26 (a) | 75,000 | 72,351 |
RenaissanceRe Finance, Inc. | ||
3.70%, 04/01/25 (a) | 45,000 | 43,721 |
The Progressive Corp. | ||
2.45%, 01/15/27 | 100,000 | 91,771 |
2.50%, 03/15/27 (a) | 100,000 | 91,932 |
Trinity Acquisition PLC | ||
4.40%, 03/15/26 (a) | 125,000 | 121,236 |
UnitedHealth Group, Inc. | ||
3.50%, 02/15/24 | 150,000 | 147,732 |
0.55%, 05/15/24 (a) | 50,000 | 47,208 |
2.38%, 08/15/24 | 225,000 | 216,740 |
3.75%, 07/15/25 | 300,000 | 293,751 |
3.70%, 12/15/25 | 100,000 | 97,755 |
1.25%, 01/15/26 | 100,000 | 90,877 |
3.10%, 03/15/26 | 200,000 | 191,126 |
1.15%, 05/15/26 (a) | 250,000 | 223,757 |
3.45%, 01/15/27 | 125,000 | 119,241 |
3.70%, 05/15/27 (a) | 150,000 | 145,236 |
2.95%, 10/15/27 | 150,000 | 138,958 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Voya Financial, Inc. | ||
3.65%, 06/15/26 | 100,000 | 95,075 |
Willis North America, Inc. | ||
3.60%, 05/15/24 (a) | 100,000 | 97,444 |
4.65%, 06/15/27 (a) | 100,000 | 96,881 |
10,013,385 | ||
REITs 2.6% | ||
Alexandria Real Estate Equities, Inc. | ||
3.45%, 04/30/25 (a) | 125,000 | 121,119 |
4.30%, 01/15/26 (a) | 50,000 | 48,958 |
3.95%, 01/15/27 (a) | 125,000 | 120,084 |
AvalonBay Communities, Inc. | ||
3.50%, 11/15/24 (a) | 100,000 | 97,199 |
3.45%, 06/01/25 (a) | 75,000 | 72,342 |
3.50%, 11/15/25 (a) | 100,000 | 95,881 |
2.95%, 05/11/26 (a) | 125,000 | 116,448 |
3.35%, 05/15/27 (a) | 50,000 | 46,515 |
Boston Properties LP | ||
3.20%, 01/15/25 (a) | 170,000 | 163,213 |
3.65%, 02/01/26 (a) | 300,000 | 285,048 |
6.75%, 12/01/27 (a) | 150,000 | 154,991 |
Brandywine Operating Partnership LP | ||
4.10%, 10/01/24 (a) | 75,000 | 71,521 |
3.95%, 11/15/27 (a) | 100,000 | 84,181 |
Brixmor Operating Partnership LP | ||
3.65%, 06/15/24 (a) | 175,000 | 170,092 |
3.85%, 02/01/25 (a) | 20,000 | 19,244 |
4.13%, 06/15/26 (a) | 150,000 | 142,678 |
Corporate Office Properties LP | ||
2.25%, 03/15/26 (a) | 125,000 | 110,731 |
CubeSmart LP | ||
4.00%, 11/15/25 (a) | 100,000 | 96,687 |
Digital Realty Trust LP | ||
3.70%, 08/15/27 (a) | 150,000 | 139,566 |
EPR Properties | ||
4.75%, 12/15/26 (a) | 125,000 | 112,528 |
4.50%, 06/01/27 (a) | 75,000 | 65,229 |
ERP Operating LP | ||
3.25%, 08/01/27 (a) | 175,000 | 160,452 |
Essex Portfolio LP | ||
3.88%, 05/01/24 (a) | 100,000 | 97,957 |
3.50%, 04/01/25 (a) | 15,000 | 14,491 |
3.63%, 05/01/27 (a) | 100,000 | 93,957 |
Federal Realty Investment Trust | ||
3.95%, 01/15/24 (a) | 125,000 | 123,450 |
1.25%, 02/15/26 (a) | 100,000 | 88,204 |
Healthcare Trust of America Holdings LP | ||
3.50%, 08/01/26 (a) | 125,000 | 116,575 |
Healthpeak Properties, Inc. | ||
3.40%, 02/01/25 (a) | 25,000 | 24,084 |
4.00%, 06/01/25 (a) | 150,000 | 146,225 |
1.35%, 02/01/27 (a) | 150,000 | 130,282 |
Highwoods Realty LP | ||
3.88%, 03/01/27 (a) | 50,000 | 46,520 |
Host Hotels & Resorts LP | ||
3.88%, 04/01/24 (a) | 115,000 | 112,496 |
4.50%, 02/01/26 (a) | 100,000 | 96,075 |
Hudson Pacific Properties LP | ||
3.95%, 11/01/27 (a) | 50,000 | 42,645 |
Kilroy Realty LP | ||
3.45%, 12/15/24 (a) | 75,000 | 71,943 |
4.38%, 10/01/25 (a) | 50,000 | 48,520 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kimco Realty Corp. | ||
2.70%, 03/01/24 (a) | 100,000 | 96,861 |
3.30%, 02/01/25 (a) | 125,000 | 119,990 |
2.80%, 10/01/26 (a) | 150,000 | 137,976 |
Kite Realty Group LP | ||
4.00%, 10/01/26 (a) | 100,000 | 92,278 |
LifeStorage LP | ||
3.50%, 07/01/26 (a) | 100,000 | 93,953 |
Mid-America Apartments LP | ||
3.75%, 06/15/24 (a) | 100,000 | 97,973 |
4.00%, 11/15/25 (a) | 100,000 | 97,387 |
1.10%, 09/15/26 (a) | 175,000 | 151,594 |
National Retail Properties, Inc. | ||
3.90%, 06/15/24 (a) | 55,000 | 53,801 |
4.00%, 11/15/25 (a) | 100,000 | 96,674 |
3.50%, 10/15/27 (a) | 100,000 | 90,859 |
Omega Healthcare Investors, Inc. | ||
4.95%, 04/01/24 (a) | 50,000 | 49,438 |
4.50%, 01/15/25 (a) | 50,000 | 48,674 |
5.25%, 01/15/26 (a) | 100,000 | 98,412 |
4.50%, 04/01/27 (a) | 125,000 | 117,449 |
Physicians Realty LP | ||
4.30%, 03/15/27 (a) | 75,000 | 70,906 |
Piedmont Operating Partnership LP | ||
4.45%, 03/15/24 (a) | 75,000 | 73,845 |
Prologis LP | ||
3.25%, 06/30/26 (a) | 75,000 | 71,408 |
3.25%, 10/01/26 (a) | 75,000 | 71,351 |
Public Storage | ||
0.88%, 02/15/26 (a) | 100,000 | 88,539 |
1.50%, 11/09/26 (a) | 100,000 | 89,167 |
3.09%, 09/15/27 (a) | 100,000 | 93,401 |
Realty Income Corp. | ||
4.60%, 02/06/24 (a) | 50,000 | 49,695 |
3.88%, 07/15/24 (a) | 75,000 | 73,538 |
4.63%, 11/01/25 (a) | 150,000 | 148,924 |
0.75%, 03/15/26 (a) | 75,000 | 65,358 |
4.88%, 06/01/26 (a) | 75,000 | 74,735 |
4.13%, 10/15/26 (a) | 100,000 | 97,440 |
3.00%, 01/15/27 (a) | 100,000 | 92,869 |
3.95%, 08/15/27 (a) | 100,000 | 95,904 |
Regency Centers LP | ||
3.60%, 02/01/27 (a) | 100,000 | 93,700 |
Sabra Health Care LP | ||
5.13%, 08/15/26 (a) | 100,000 | 95,339 |
Simon Property Group LP | ||
2.00%, 09/13/24 (a) | 150,000 | 142,655 |
3.38%, 10/01/24 (a) | 100,000 | 97,215 |
3.50%, 09/01/25 (a) | 225,000 | 215,974 |
3.30%, 01/15/26 (a) | 150,000 | 142,785 |
3.25%, 11/30/26 (a) | 125,000 | 117,179 |
1.38%, 01/15/27 (a) | 75,000 | 65,594 |
3.38%, 06/15/27 (a) | 150,000 | 140,325 |
SITE Centers Corp. | ||
3.63%, 02/01/25 (a) | 75,000 | 71,053 |
4.25%, 02/01/26 (a) | 150,000 | 141,905 |
4.70%, 06/01/27 (a) | 50,000 | 47,181 |
Spirit Realty LP | ||
3.20%, 01/15/27 (a) | 100,000 | 89,058 |
Tanger Properties LP | ||
3.13%, 09/01/26 (a) | 50,000 | 45,743 |
3.88%, 07/15/27 (a) | 50,000 | 46,007 |
UDR, Inc. | ||
3.50%, 07/01/27 (a) | 100,000 | 93,570 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ventas Realty LP | ||
3.50%, 04/15/24 (a) | 175,000 | 170,445 |
3.75%, 05/01/24 (a) | 35,000 | 34,286 |
2.65%, 01/15/25 (a) | 160,000 | 151,681 |
4.13%, 01/15/26 (a) | 130,000 | 126,278 |
3.25%, 10/15/26 (a) | 100,000 | 92,625 |
Vornado Realty LP | ||
3.50%, 01/15/25 (a) | 75,000 | 70,575 |
2.15%, 06/01/26 (a) | 50,000 | 42,431 |
Welltower, Inc. | ||
4.50%, 01/15/24 (a) | 25,000 | 24,819 |
3.63%, 03/15/24 (a) | 130,000 | 127,262 |
4.00%, 06/01/25 (a) | 275,000 | 268,117 |
4.25%, 04/01/26 (a) | 150,000 | 145,596 |
2.70%, 02/15/27 (a) | 75,000 | 67,650 |
WP Carey, Inc. | ||
4.60%, 04/01/24 (a) | 75,000 | 74,322 |
4.00%, 02/01/25 (a) | 75,000 | 73,268 |
4.25%, 10/01/26 (a) | 50,000 | 48,359 |
9,611,527 | ||
172,979,427 | ||
Industrial 47.4% | ||
Basic Industry 1.8% | ||
Air Products and Chemicals, Inc. | ||
3.35%, 07/31/24 (a) | 75,000 | 73,346 |
1.50%, 10/15/25 (a) | 100,000 | 92,037 |
1.85%, 05/15/27 (a) | 100,000 | 89,158 |
Albemarle Corp. | ||
4.65%, 06/01/27 (a) | 100,000 | 98,006 |
ArcelorMittal S.A. | ||
4.55%, 03/11/26 | 75,000 | 72,933 |
6.55%, 11/29/27 (a) | 150,000 | 151,281 |
Celanese US Holdings LLC | ||
3.50%, 05/08/24 (a) | 100,000 | 96,661 |
5.90%, 07/05/24 | 325,000 | 324,991 |
6.05%, 03/15/25 | 275,000 | 274,347 |
1.40%, 08/05/26 (a) | 50,000 | 42,251 |
6.17%, 07/15/27 (a) | 375,000 | 370,573 |
Celulosa Arauco y Constitucion S.A. | ||
3.88%, 11/02/27 (a) | 200,000 | 188,237 |
DuPont de Nemours, Inc. | ||
4.49%, 11/15/25 (a) | 325,000 | 320,102 |
Eastman Chemical Co. | ||
3.80%, 03/15/25 (a) | 150,000 | 145,665 |
Ecolab, Inc. | ||
2.70%, 11/01/26 (a) | 100,000 | 93,060 |
1.65%, 02/01/27 (a) | 100,000 | 88,704 |
EI du Pont de Nemours and Co. | ||
1.70%, 07/15/25 (a) | 100,000 | 92,431 |
Fibria Overseas Finance Ltd. | ||
4.00%, 01/14/25 (a) | 50,000 | 48,751 |
5.50%, 01/17/27 | 150,000 | 150,925 |
FMC Corp. | ||
4.10%, 02/01/24 (a) | 50,000 | 49,308 |
3.20%, 10/01/26 (a) | 100,000 | 93,397 |
Freeport-McMoRan, Inc. | ||
4.55%, 11/14/24 (a) | 200,000 | 197,745 |
Georgia-Pacific LLC | ||
8.00%, 01/15/24 | 90,000 | 92,750 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Kinross Gold Corp. | ||
5.95%, 03/15/24 (a) | 100,000 | 100,565 |
4.50%, 07/15/27 (a) | 100,000 | 94,869 |
Linde, Inc. | ||
2.65%, 02/05/25 (a) | 15,000 | 14,378 |
4.70%, 12/05/25 (a) | 175,000 | 175,369 |
3.20%, 01/30/26 (a) | 125,000 | 120,456 |
LYB International Finance II BV | ||
3.50%, 03/02/27 (a) | 100,000 | 92,940 |
LYB International Finance III LLC | ||
1.25%, 10/01/25 (a) | 75,000 | 67,086 |
LyondellBasell Industries NV | ||
5.75%, 04/15/24 (a) | 200,000 | 200,561 |
Mosaic Co. | ||
4.05%, 11/15/27 (a) | 125,000 | 118,214 |
Nucor Corp. | ||
2.00%, 06/01/25 (a) | 100,000 | 93,211 |
4.30%, 05/23/27 (a) | 150,000 | 146,234 |
Nutrien Ltd. | ||
5.90%, 11/07/24 | 100,000 | 101,301 |
3.00%, 04/01/25 (a) | 100,000 | 95,444 |
4.00%, 12/15/26 (a) | 75,000 | 73,068 |
Packaging Corp. of America | ||
3.65%, 09/15/24 (a) | 150,000 | 146,096 |
PPG Industries, Inc. | ||
2.40%, 08/15/24 (a) | 50,000 | 47,848 |
1.20%, 03/15/26 (a) | 150,000 | 133,143 |
Reliance Steel & Aluminum Co. | ||
1.30%, 08/15/25 (a) | 75,000 | 67,922 |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | 75,000 | 69,958 |
Sherwin-Williams Co. | ||
3.13%, 06/01/24 (a) | 50,000 | 48,598 |
3.45%, 08/01/25 (a) | 75,000 | 72,239 |
4.25%, 08/08/25 | 25,000 | 24,595 |
3.95%, 01/15/26 (a) | 75,000 | 73,194 |
3.45%, 06/01/27 (a) | 250,000 | 234,779 |
Southern Copper Corp. | ||
3.88%, 04/23/25 | 100,000 | 97,172 |
Steel Dynamics, Inc. | ||
2.80%, 12/15/24 (a) | 75,000 | 71,412 |
2.40%, 06/15/25 (a) | 75,000 | 70,339 |
5.00%, 12/15/26 (a) | 75,000 | 74,932 |
Vale Overseas Ltd. | ||
6.25%, 08/10/26 | 175,000 | 181,713 |
Westlake Chemical Corp. | ||
3.60%, 08/15/26 (a) | 125,000 | 117,593 |
Weyerhaeuser Co. | ||
6.95%, 10/01/27 | 100,000 | 107,121 |
WRKCo, Inc. | ||
3.00%, 09/15/24 (a) | 100,000 | 95,649 |
3.75%, 03/15/25 (a) | 150,000 | 145,355 |
4.65%, 03/15/26 (a) | 150,000 | 147,701 |
6,767,714 | ||
Capital Goods 5.2% | ||
3M Co. | ||
3.25%, 02/14/24 (a) | 125,000 | 122,753 |
2.00%, 02/14/25 (a) | 120,000 | 113,711 |
2.65%, 04/15/25 (a) | 200,000 | 191,217 |
3.00%, 08/07/25 | 100,000 | 95,972 |
2.88%, 10/15/27 (a) | 100,000 | 92,687 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Allegion US Holding Co., Inc. | ||
3.20%, 10/01/24 (a) | 100,000 | 96,217 |
3.55%, 10/01/27 (a) | 100,000 | 91,061 |
Amcor Finance USA, Inc. | ||
3.63%, 04/28/26 (a) | 125,000 | 118,624 |
Amphenol Corp. | ||
3.20%, 04/01/24 (a) | 25,000 | 24,459 |
2.05%, 03/01/25 (a) | 100,000 | 93,970 |
Berry Global, Inc. | ||
0.95%, 02/15/24 (a) | 150,000 | 142,633 |
1.57%, 01/15/26 (a) | 250,000 | 223,430 |
1.65%, 01/15/27 (a) | 100,000 | 85,582 |
Boeing Co. | ||
1.95%, 02/01/24 | 75,000 | 72,277 |
1.43%, 02/04/24 (a) | 525,000 | 502,605 |
2.80%, 03/01/24 (a) | 125,000 | 121,154 |
2.85%, 10/30/24 (a) | 100,000 | 95,916 |
4.88%, 05/01/25 (a) | 500,000 | 496,302 |
2.60%, 10/30/25 (a) | 50,000 | 46,710 |
2.75%, 02/01/26 (a) | 250,000 | 232,289 |
2.20%, 02/04/26 (a) | 925,000 | 841,284 |
3.10%, 05/01/26 (a) | 100,000 | 94,249 |
2.25%, 06/15/26 (a) | 75,000 | 67,760 |
2.70%, 02/01/27 (a) | 175,000 | 158,275 |
2.80%, 03/01/27 (a) | 50,000 | 45,175 |
5.04%, 05/01/27 (a) | 350,000 | 346,789 |
Carlisle Cos., Inc. | ||
3.50%, 12/01/24 (a) | 104,000 | 100,673 |
Carrier Global Corp. | ||
2.24%, 02/15/25 (a) | 255,000 | 240,687 |
2.49%, 02/15/27 (a) | 150,000 | 135,480 |
Caterpillar Financial Services Corp. | ||
2.85%, 05/17/24 | 175,000 | 170,211 |
3.30%, 06/09/24 | 215,000 | 210,291 |
2.15%, 11/08/24 | 125,000 | 119,258 |
3.25%, 12/01/24 | 250,000 | 243,004 |
4.90%, 01/17/25 | 175,000 | 175,339 |
3.40%, 05/13/25 | 225,000 | 218,877 |
3.65%, 08/12/25 | 175,000 | 170,860 |
0.80%, 11/13/25 | 175,000 | 157,336 |
0.90%, 03/02/26 | 125,000 | 111,586 |
1.15%, 09/14/26 | 100,000 | 88,408 |
1.70%, 01/08/27 | 100,000 | 90,325 |
3.60%, 08/12/27 | 100,000 | 95,654 |
1.10%, 09/14/27 | 150,000 | 128,455 |
Caterpillar, Inc. | ||
3.40%, 05/15/24 (a) | 125,000 | 122,651 |
CNH Industrial Capital LLC | ||
4.20%, 01/15/24 | 100,000 | 98,847 |
3.95%, 05/23/25 | 100,000 | 97,061 |
1.88%, 01/15/26 (a) | 100,000 | 91,306 |
1.45%, 07/15/26 (a) | 125,000 | 110,677 |
Deere & Co. | ||
2.75%, 04/15/25 (a) | 50,000 | 48,062 |
Dover Corp. | ||
3.15%, 11/15/25 (a) | 75,000 | 71,511 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 100,000 | 93,334 |
Emerson Electric Co. | ||
3.15%, 06/01/25 (a) | 100,000 | 96,870 |
0.88%, 10/15/26 (a) | 150,000 | 130,060 |
Fortive Corp. | ||
3.15%, 06/15/26 (a) | 175,000 | 163,755 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Fortune Brands Home & Security, Inc. | ||
4.00%, 06/15/25 (a) | 100,000 | 97,372 |
GE Capital International Funding Co. | ||
3.37%, 11/15/25 | 50,000 | 47,971 |
General Dynamics Corp. | ||
2.38%, 11/15/24 (a) | 100,000 | 95,575 |
3.25%, 04/01/25 (a) | 150,000 | 145,539 |
3.50%, 05/15/25 (a) | 100,000 | 97,514 |
1.15%, 06/01/26 (a) | 75,000 | 66,790 |
2.13%, 08/15/26 (a) | 100,000 | 91,853 |
3.50%, 04/01/27 (a) | 125,000 | 119,724 |
Hexcel Corp. | ||
4.95%, 08/15/25 (a) | 75,000 | 73,229 |
4.20%, 02/15/27 (a) | 75,000 | 69,434 |
Honeywell International, Inc. | ||
2.30%, 08/15/24 (a) | 175,000 | 168,221 |
1.35%, 06/01/25 (a) | 175,000 | 161,997 |
2.50%, 11/01/26 (a) | 325,000 | 300,323 |
Hubbell, Inc. | ||
3.35%, 03/01/26 (a) | 75,000 | 71,406 |
Huntington Ingalls Industries, Inc. | ||
3.84%, 05/01/25 (a) | 125,000 | 120,669 |
Illinois Tool Works, Inc. | ||
3.50%, 03/01/24 (a) | 120,000 | 118,261 |
2.65%, 11/15/26 (a) | 175,000 | 162,864 |
John Deere Capital Corp. | ||
3.45%, 01/10/24 | 50,000 | 49,368 |
0.45%, 01/17/24 | 250,000 | 239,324 |
2.60%, 03/07/24 | 180,000 | 175,463 |
0.45%, 06/07/24 | 125,000 | 117,529 |
2.65%, 06/24/24 | 245,000 | 237,411 |
0.63%, 09/10/24 | 150,000 | 140,079 |
4.55%, 10/11/24 | 125,000 | 124,853 |
2.05%, 01/09/25 | 20,000 | 19,008 |
2.13%, 03/07/25 | 50,000 | 47,334 |
3.45%, 03/13/25 | 100,000 | 97,459 |
3.40%, 09/11/25 | 125,000 | 121,138 |
0.70%, 01/15/26 | 50,000 | 44,536 |
2.65%, 06/10/26 | 100,000 | 93,892 |
1.05%, 06/17/26 | 200,000 | 177,755 |
1.30%, 10/13/26 | 75,000 | 66,407 |
1.70%, 01/11/27 | 150,000 | 134,071 |
2.35%, 03/08/27 | 100,000 | 91,291 |
1.75%, 03/09/27 | 100,000 | 89,210 |
2.80%, 09/08/27 | 100,000 | 92,292 |
4.15%, 09/15/27 | 300,000 | 294,822 |
Johnson Controls International plc | ||
3.90%, 02/14/26 (a) | 150,000 | 145,778 |
L3Harris Technologies, Inc. | ||
3.95%, 05/28/24 (a) | 85,000 | 83,600 |
3.83%, 04/27/25 (a) | 150,000 | 145,988 |
3.85%, 12/15/26 (a) | 50,000 | 47,818 |
Leggett & Platt, Inc. | ||
3.80%, 11/15/24 (a) | 75,000 | 72,926 |
Legrand France S.A. | ||
8.50%, 02/15/25 | 70,000 | 75,681 |
Lennox International, Inc. | ||
1.35%, 08/01/25 (a) | 175,000 | 158,198 |
Lockheed Martin Corp. | ||
3.55%, 01/15/26 (a) | 200,000 | 194,512 |
5.10%, 11/15/27 (a) | 200,000 | 204,980 |
Martin Marietta Materials, Inc. | ||
4.25%, 07/02/24 (a) | 100,000 | 98,738 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Masco Corp. | ||
3.50%, 11/15/27 (a) | 50,000 | 46,392 |
Northrop Grumman Corp. | ||
2.93%, 01/15/25 (a) | 225,000 | 215,998 |
3.20%, 02/01/27 (a) | 150,000 | 141,083 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 250,000 | 234,278 |
2.29%, 04/05/27 (a) | 100,000 | 89,899 |
Owens Corning | ||
4.20%, 12/01/24 (a) | 125,000 | 123,350 |
3.40%, 08/15/26 (a) | 75,000 | 70,440 |
Parker-Hannifin Corp. | ||
2.70%, 06/14/24 (a) | 100,000 | 96,466 |
3.65%, 06/15/24 | 200,000 | 195,842 |
3.25%, 03/01/27 (a) | 150,000 | 140,452 |
4.25%, 09/15/27 (a) | 150,000 | 145,938 |
Precision Castparts Corp. | ||
3.25%, 06/15/25 (a) | 150,000 | 145,311 |
Raytheon Technologies Corp. | ||
3.20%, 03/15/24 (a) | 150,000 | 146,797 |
3.95%, 08/16/25 (a) | 225,000 | 220,036 |
2.65%, 11/01/26 (a) | 150,000 | 138,472 |
3.50%, 03/15/27 (a) | 200,000 | 190,924 |
3.13%, 05/04/27 (a) | 150,000 | 139,992 |
Republic Services, Inc. | ||
2.50%, 08/15/24 (a) | 170,000 | 162,981 |
3.20%, 03/15/25 (a) | 130,000 | 124,801 |
0.88%, 11/15/25 (a) | 100,000 | 89,388 |
3.38%, 11/15/27 (a) | 100,000 | 93,378 |
Rockwell Automation, Inc. | ||
2.88%, 03/01/25 (a) | 50,000 | 48,118 |
Roper Technologies, Inc. | ||
2.35%, 09/15/24 (a) | 75,000 | 71,607 |
1.00%, 09/15/25 (a) | 125,000 | 112,283 |
3.85%, 12/15/25 (a) | 25,000 | 24,260 |
3.80%, 12/15/26 (a) | 125,000 | 119,583 |
1.40%, 09/15/27 (a) | 150,000 | 127,324 |
Snap-on, Inc. | ||
3.25%, 03/01/27 (a) | 50,000 | 47,389 |
Sonoco Products Co. | ||
2.25%, 02/01/27 (a) | 100,000 | 88,840 |
Stanley Black & Decker, Inc. | ||
3.40%, 03/01/26 (a) | 175,000 | 167,102 |
4.00%, 03/15/60 (a)(b) | 100,000 | 86,230 |
Teledyne Technologies, Inc. | ||
0.95%, 04/01/24 (a) | 125,000 | 118,444 |
1.60%, 04/01/26 (a) | 50,000 | 44,737 |
Textron, Inc. | ||
4.30%, 03/01/24 (a) | 10,000 | 9,888 |
3.88%, 03/01/25 (a) | 75,000 | 73,076 |
4.00%, 03/15/26 (a) | 100,000 | 96,451 |
3.65%, 03/15/27 (a) | 100,000 | 93,613 |
Timken Co. | ||
3.88%, 09/01/24 (a) | 75,000 | 73,229 |
Trane Technologies Luxembourg Finance S.A. | ||
3.55%, 11/01/24 (a) | 100,000 | 97,474 |
3.50%, 03/21/26 (a) | 75,000 | 70,762 |
Vontier Corp. | ||
1.80%, 04/01/26 (a) | 100,000 | 84,700 |
Vulcan Materials Co. | ||
4.50%, 04/01/25 (a) | 75,000 | 74,370 |
3.90%, 04/01/27 (a) | 100,000 | 95,114 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Waste Management, Inc. | ||
3.13%, 03/01/25 (a) | 75,000 | 72,505 |
0.75%, 11/15/25 (a) | 75,000 | 67,247 |
3.15%, 11/15/27 (a) | 100,000 | 93,449 |
Westinghouse Air Brake Technologies Corp. | ||
4.40%, 03/15/24 (a)(f) | 125,000 | 123,077 |
3.20%, 06/15/25 (a) | 75,000 | 70,682 |
3.45%, 11/15/26 (a) | 125,000 | 116,651 |
WW Grainger, Inc. | ||
1.85%, 02/15/25 (a) | 90,000 | 84,564 |
Xylem, Inc. | ||
3.25%, 11/01/26 (a) | 100,000 | 94,009 |
19,382,878 | ||
Communications 4.8% | ||
Activision Blizzard, Inc. | ||
3.40%, 09/15/26 (a) | 150,000 | 143,052 |
American Tower Corp. | ||
0.60%, 01/15/24 | 75,000 | 71,502 |
5.00%, 02/15/24 | 100,000 | 99,858 |
3.38%, 05/15/24 (a) | 100,000 | 97,386 |
2.95%, 01/15/25 (a) | 150,000 | 143,228 |
2.40%, 03/15/25 (a) | 175,000 | 164,896 |
1.30%, 09/15/25 (a) | 200,000 | 180,667 |
1.60%, 04/15/26 (a) | 200,000 | 178,116 |
1.45%, 09/15/26 (a) | 100,000 | 87,339 |
3.38%, 10/15/26 (a) | 200,000 | 187,323 |
2.75%, 01/15/27 (a) | 275,000 | 249,529 |
3.13%, 01/15/27 (a) | 75,000 | 68,915 |
3.55%, 07/15/27 (a) | 100,000 | 92,674 |
AT&T, Inc. | ||
0.90%, 03/25/24 (a) | 350,000 | 332,680 |
1.70%, 03/25/26 (a) | 400,000 | 361,383 |
2.95%, 07/15/26 (a) | 100,000 | 93,086 |
3.80%, 02/15/27 (a) | 100,000 | 95,439 |
4.25%, 03/01/27 (a) | 250,000 | 243,611 |
2.30%, 06/01/27 (a) | 450,000 | 401,423 |
Bell Canada | ||
0.75%, 03/17/24 | 100,000 | 94,794 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
4.50%, 02/01/24 (a) | 210,000 | 207,635 |
4.91%, 07/23/25 (a) | 700,000 | 687,276 |
Comcast Corp. | ||
3.70%, 04/15/24 (a) | 200,000 | 197,062 |
3.38%, 02/15/25 (a) | 225,000 | 218,373 |
3.38%, 08/15/25 (a) | 250,000 | 241,310 |
3.95%, 10/15/25 (a) | 550,000 | 539,003 |
3.15%, 03/01/26 (a) | 400,000 | 381,391 |
2.35%, 01/15/27 (a) | 275,000 | 250,525 |
3.30%, 02/01/27 (a) | 225,000 | 212,576 |
3.30%, 04/01/27 (a) | 150,000 | 141,549 |
5.35%, 11/15/27 (a) | 125,000 | 127,847 |
Crown Castle International Corp. | ||
3.20%, 09/01/24 (a) | 100,000 | 96,657 |
1.35%, 07/15/25 (a) | 100,000 | 91,028 |
4.45%, 02/15/26 (a) | 200,000 | 195,603 |
3.70%, 06/15/26 (a) | 50,000 | 47,591 |
1.05%, 07/15/26 (a) | 150,000 | 129,956 |
4.00%, 03/01/27 (a) | 100,000 | 95,466 |
2.90%, 03/15/27 (a) | 125,000 | 113,918 |
3.65%, 09/01/27 (a) | 150,000 | 139,651 |
Discovery Communications LLC | ||
3.80%, 03/13/24 (a) | 100,000 | 97,750 |
3.90%, 11/15/24 (a) | 75,000 | 72,621 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.95%, 06/15/25 (a) | 125,000 | 119,411 |
4.90%, 03/11/26 (a) | 175,000 | 169,838 |
Electronic Arts, Inc. | ||
4.80%, 03/01/26 (a) | 75,000 | 74,828 |
Fox Corp. | ||
4.03%, 01/25/24 (a) | 200,000 | 197,759 |
3.05%, 04/07/25 (a) | 95,000 | 91,036 |
Magallanes, Inc. | ||
3.43%, 03/15/24 (c) | 200,000 | 194,258 |
3.53%, 03/15/24 (a)(c) | 100,000 | 96,923 |
3.64%, 03/15/25 (c) | 275,000 | 261,773 |
3.76%, 03/15/27 (a)(c) | 675,000 | 609,622 |
Meta Platforms, Inc. | ||
3.50%, 08/15/27 (a) | 400,000 | 373,476 |
Omnicom Group, Inc./Omnicom Capital, Inc. | ||
3.65%, 11/01/24 (a) | 125,000 | 122,587 |
3.60%, 04/15/26 (a) | 225,000 | 216,420 |
Rogers Communications, Inc. | ||
2.95%, 03/15/25 (a)(c) | 100,000 | 95,385 |
3.63%, 12/15/25 (a) | 100,000 | 95,960 |
2.90%, 11/15/26 (a) | 125,000 | 114,481 |
3.20%, 03/15/27 (a)(c) | 250,000 | 231,552 |
Take-Two Interactive Software, Inc. | ||
3.30%, 03/28/24 | 150,000 | 146,509 |
3.55%, 04/14/25 | 100,000 | 96,426 |
3.70%, 04/14/27 (a) | 150,000 | 141,386 |
TCI Communications, Inc. | ||
7.88%, 02/15/26 | 75,000 | 81,430 |
Telefonica Emisiones S.A. | ||
4.10%, 03/08/27 | 250,000 | 237,266 |
TELUS Corp. | ||
3.70%, 09/15/27 (a) | 125,000 | 118,640 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/25 (a) | 500,000 | 481,522 |
1.50%, 02/15/26 (a) | 125,000 | 112,091 |
2.25%, 02/15/26 (a) | 325,000 | 296,247 |
2.63%, 04/15/26 (a) | 250,000 | 229,230 |
3.75%, 04/15/27 (a) | 650,000 | 613,525 |
TWDC Enterprises 18 Corp. | ||
3.15%, 09/17/25 | 200,000 | 191,938 |
3.00%, 02/13/26 | 250,000 | 237,126 |
1.85%, 07/30/26 | 300,000 | 271,599 |
Verizon Communications, Inc. | ||
0.75%, 03/22/24 | 150,000 | 142,420 |
3.50%, 11/01/24 (a) | 175,000 | 170,098 |
3.38%, 02/15/25 | 275,000 | 266,673 |
0.85%, 11/20/25 (a) | 150,000 | 134,044 |
1.45%, 03/20/26 (a) | 300,000 | 269,799 |
2.63%, 08/15/26 | 325,000 | 300,497 |
4.13%, 03/16/27 | 550,000 | 536,133 |
3.00%, 03/22/27 (a) | 150,000 | 139,625 |
ViacomCBS, Inc. | ||
4.75%, 05/15/25 (a) | 158,000 | 155,663 |
4.00%, 01/15/26 (a) | 225,000 | 216,234 |
Vodafone Group PLC | ||
4.13%, 05/30/25 | 250,000 | 246,243 |
Walt Disney Co. | ||
1.75%, 08/30/24 (a) | 150,000 | 142,999 |
3.70%, 09/15/24 (a) | 150,000 | 147,024 |
3.35%, 03/24/25 | 275,000 | 266,601 |
3.70%, 10/15/25 (a) | 100,000 | 97,191 |
1.75%, 01/13/26 | 150,000 | 137,530 |
3.38%, 11/15/26 (a) | 75,000 | 71,093 |
3.70%, 03/23/27 | 50,000 | 48,143 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Weibo Corp. | ||
3.50%, 07/05/24 (a) | 200,000 | 193,897 |
WPP Finance 2010 | ||
3.75%, 09/19/24 | 145,000 | 140,603 |
17,814,443 | ||
Consumer Cyclical 7.8% | ||
Alibaba Group Holding Ltd. | ||
3.60%, 11/28/24 (a) | 300,000 | 290,158 |
3.40%, 12/06/27 (a) | 375,000 | 345,949 |
Amazon.com, Inc. | ||
2.73%, 04/13/24 | 200,000 | 194,998 |
0.45%, 05/12/24 | 475,000 | 448,301 |
2.80%, 08/22/24 (a) | 300,000 | 290,802 |
4.70%, 11/29/24 | 200,000 | 199,960 |
3.80%, 12/05/24 (a) | 175,000 | 172,407 |
3.00%, 04/13/25 | 250,000 | 241,626 |
0.80%, 06/03/25 (a) | 200,000 | 182,933 |
4.60%, 12/01/25 | 250,000 | 249,843 |
5.20%, 12/03/25 (a) | 125,000 | 127,370 |
1.00%, 05/12/26 (a) | 450,000 | 399,287 |
3.30%, 04/13/27 (a) | 450,000 | 427,875 |
1.20%, 06/03/27 (a) | 175,000 | 151,888 |
3.15%, 08/22/27 (a) | 550,000 | 518,264 |
4.55%, 12/01/27 (a) | 200,000 | 199,609 |
American Honda Finance Corp. | ||
3.55%, 01/12/24 | 100,000 | 98,642 |
2.90%, 02/16/24 | 150,000 | 146,500 |
2.40%, 06/27/24 | 100,000 | 96,406 |
0.55%, 07/12/24 | 250,000 | 233,843 |
0.75%, 08/09/24 | 250,000 | 233,897 |
2.15%, 09/10/24 | 130,000 | 124,120 |
1.20%, 07/08/25 | 25,000 | 22,879 |
1.00%, 09/10/25 | 150,000 | 135,667 |
1.30%, 09/09/26 | 150,000 | 132,595 |
2.30%, 09/09/26 | 125,000 | 114,394 |
2.35%, 01/08/27 | 75,000 | 68,228 |
Aptiv PLC | ||
2.40%, 02/18/25 (a) | 125,000 | 117,949 |
AutoNation, Inc. | ||
3.50%, 11/15/24 (a) | 165,000 | 158,327 |
AutoZone, Inc. | ||
3.13%, 04/18/24 (a) | 100,000 | 97,537 |
3.25%, 04/15/25 (a) | 15,000 | 14,423 |
3.63%, 04/15/25 (a) | 90,000 | 87,279 |
3.13%, 04/21/26 (a) | 75,000 | 70,855 |
3.75%, 06/01/27 (a) | 150,000 | 143,429 |
Block Financial LLC | ||
5.25%, 10/01/25 (a) | 50,000 | 49,902 |
Booking Holdings, Inc. | ||
3.65%, 03/15/25 (a) | 125,000 | 121,878 |
3.60%, 06/01/26 (a) | 100,000 | 95,942 |
BorgWarner, Inc. | ||
3.38%, 03/15/25 (a) | 110,000 | 105,474 |
2.65%, 07/01/27 (a) | 200,000 | 178,293 |
CBRE Services, Inc. | ||
4.88%, 03/01/26 (a) | 125,000 | 123,866 |
Costco Wholesale Corp. | ||
2.75%, 05/18/24 (a) | 205,000 | 199,685 |
3.00%, 05/18/27 (a) | 100,000 | 94,296 |
1.38%, 06/20/27 (a) | 250,000 | 219,444 |
Cummins, Inc. | ||
0.75%, 09/01/25 (a) | 100,000 | 90,254 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Darden Restaurants, Inc. | ||
3.85%, 05/01/27 (a) | 100,000 | 95,371 |
Dollar General Corp. | ||
4.25%, 09/20/24 | 175,000 | 172,811 |
4.15%, 11/01/25 (a) | 75,000 | 73,359 |
3.88%, 04/15/27 (a) | 100,000 | 95,514 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 175,000 | 171,010 |
DR Horton, Inc. | ||
2.50%, 10/15/24 (a) | 75,000 | 71,469 |
2.60%, 10/15/25 (a) | 140,000 | 130,407 |
1.30%, 10/15/26 (a) | 100,000 | 86,100 |
1.40%, 10/15/27 (a) | 100,000 | 83,569 |
eBay, Inc. | ||
3.45%, 08/01/24 (a) | 120,000 | 116,974 |
1.90%, 03/11/25 (a) | 125,000 | 117,132 |
1.40%, 05/10/26 (a) | 125,000 | 111,032 |
3.60%, 06/05/27 (a) | 125,000 | 118,443 |
5.95%, 11/22/27 (a) | 100,000 | 102,990 |
Expedia Group, Inc. | ||
5.00%, 02/15/26 (a) | 125,000 | 123,521 |
4.63%, 08/01/27 (a) | 100,000 | 96,190 |
General Motors Co. | ||
4.00%, 04/01/25 | 105,000 | 102,710 |
6.13%, 10/01/25 (a) | 350,000 | 357,163 |
4.20%, 10/01/27 (a) | 100,000 | 94,233 |
6.80%, 10/01/27 (a) | 150,000 | 155,951 |
General Motors Financial Co., Inc. | ||
5.10%, 01/17/24 (a) | 250,000 | 249,393 |
1.05%, 03/08/24 | 150,000 | 142,470 |
3.95%, 04/13/24 (a) | 270,000 | 264,907 |
1.20%, 10/15/24 | 200,000 | 185,360 |
3.50%, 11/07/24 (a) | 150,000 | 144,758 |
4.00%, 01/15/25 (a) | 200,000 | 194,299 |
2.90%, 02/26/25 (a) | 225,000 | 213,650 |
3.80%, 04/07/25 | 200,000 | 193,371 |
4.35%, 04/09/25 (a) | 125,000 | 121,785 |
2.75%, 06/20/25 (a) | 200,000 | 187,457 |
4.30%, 07/13/25 (a) | 125,000 | 121,421 |
6.05%, 10/10/25 | 100,000 | 101,792 |
1.25%, 01/08/26 (a) | 225,000 | 198,569 |
5.25%, 03/01/26 (a) | 225,000 | 221,870 |
1.50%, 06/10/26 (a) | 250,000 | 217,270 |
4.00%, 10/06/26 (a) | 125,000 | 117,889 |
4.35%, 01/17/27 (a) | 200,000 | 190,541 |
2.35%, 02/26/27 (a) | 150,000 | 131,233 |
5.00%, 04/09/27 (a) | 150,000 | 145,597 |
2.70%, 08/20/27 (a) | 175,000 | 153,007 |
Genuine Parts Co. | ||
1.75%, 02/01/25 (a) | 100,000 | 93,518 |
GLP Capital LP/GLP Financing II, Inc. | ||
3.35%, 09/01/24 (a) | 65,000 | 62,282 |
5.25%, 06/01/25 (a) | 150,000 | 148,125 |
5.38%, 04/15/26 (a) | 150,000 | 148,036 |
Harley-Davidson, Inc. | ||
3.50%, 07/28/25 (a) | 100,000 | 95,273 |
Harman International Industries, Inc. | ||
4.15%, 05/15/25 (a) | 75,000 | 73,043 |
Home Depot, Inc. | ||
3.75%, 02/15/24 (a) | 240,000 | 237,719 |
3.35%, 09/15/25 (a) | 225,000 | 218,517 |
3.00%, 04/01/26 (a) | 200,000 | 190,484 |
2.13%, 09/15/26 (a) | 200,000 | 183,293 |
2.50%, 04/15/27 (a) | 250,000 | 230,249 |
2.80%, 09/14/27 (a) | 225,000 | 208,972 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Honda Motor Co., Ltd. | ||
2.53%, 03/10/27 (a) | 175,000 | 160,394 |
Hyatt Hotels Corp. | ||
1.80%, 10/01/24 (a) | 175,000 | 164,095 |
5.63%, 04/23/25 (a) | 90,000 | 89,398 |
J Paul Getty Trust | ||
Series 2021 0.39%, 01/01/24 (a) | 50,000 | 47,886 |
JD.com, Inc. | ||
3.88%, 04/29/26 | 200,000 | 190,313 |
Lear Corp. | ||
3.80%, 09/15/27 (a) | 100,000 | 93,252 |
Lennar Corp. | ||
4.50%, 04/30/24 (a) | 100,000 | 98,767 |
5.88%, 11/15/24 (a) | 75,000 | 75,378 |
4.75%, 05/30/25 (a) | 50,000 | 49,654 |
5.25%, 06/01/26 (a) | 50,000 | 50,134 |
5.00%, 06/15/27 (a) | 50,000 | 48,705 |
4.75%, 11/29/27 (a) | 200,000 | 192,747 |
Lowe's Cos., Inc. | ||
3.13%, 09/15/24 (a) | 75,000 | 72,740 |
4.00%, 04/15/25 (a) | 75,000 | 73,570 |
4.40%, 09/08/25 | 200,000 | 197,425 |
3.38%, 09/15/25 (a) | 100,000 | 96,159 |
2.50%, 04/15/26 (a) | 225,000 | 210,093 |
3.35%, 04/01/27 (a) | 125,000 | 117,567 |
3.10%, 05/03/27 (a) | 250,000 | 233,211 |
Magna International, Inc. | ||
3.63%, 06/15/24 (a) | 150,000 | 146,825 |
4.15%, 10/01/25 (a) | 100,000 | 97,736 |
Marriott International, Inc. | ||
3.60%, 04/15/24 (a) | 115,000 | 112,690 |
3.75%, 03/15/25 (a) | 50,000 | 48,391 |
5.75%, 05/01/25 (a) | 150,000 | 151,812 |
3.75%, 10/01/25 (a) | 50,000 | 48,171 |
3.13%, 06/15/26 (a) | 100,000 | 93,753 |
5.00%, 10/15/27 (a) | 150,000 | 148,331 |
McDonald's Corp. | ||
3.38%, 05/26/25 (a) | 50,000 | 48,385 |
3.30%, 07/01/25 (a) | 150,000 | 145,223 |
1.45%, 09/01/25 (a) | 50,000 | 45,940 |
3.70%, 01/30/26 (a) | 275,000 | 267,680 |
3.50%, 03/01/27 (a) | 150,000 | 142,991 |
3.50%, 07/01/27 (a) | 175,000 | 166,206 |
NIKE, Inc. | ||
2.40%, 03/27/25 (a) | 80,000 | 76,490 |
2.38%, 11/01/26 (a) | 225,000 | 208,038 |
2.75%, 03/27/27 (a) | 150,000 | 140,447 |
O'Reilly Automotive, Inc. | ||
3.55%, 03/15/26 (a) | 100,000 | 96,422 |
3.60%, 09/01/27 (a) | 150,000 | 141,732 |
PACCAR Financial Corp. | ||
0.35%, 02/02/24 | 100,000 | 95,229 |
2.15%, 08/15/24 | 175,000 | 167,084 |
1.80%, 02/06/25 | 10,000 | 9,415 |
3.55%, 08/11/25 | 150,000 | 146,181 |
1.10%, 05/11/26 | 50,000 | 44,614 |
2.00%, 02/04/27 | 100,000 | 90,412 |
PulteGroup, Inc. | ||
5.50%, 03/01/26 (a) | 175,000 | 175,842 |
5.00%, 01/15/27 (a) | 25,000 | 24,778 |
PVH Corp. | ||
4.63%, 07/10/25 (a)(c) | 100,000 | 96,627 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Ralph Lauren Corp. | ||
3.75%, 09/15/25 (a) | 100,000 | 97,244 |
Ross Stores, Inc. | ||
4.60%, 04/15/25 (a) | 145,000 | 144,125 |
0.88%, 04/15/26 (a) | 75,000 | 65,989 |
Starbucks Corp. | ||
3.80%, 08/15/25 (a) | 300,000 | 293,662 |
2.00%, 03/12/27 (a) | 75,000 | 67,091 |
Tapestry, Inc. | ||
4.25%, 04/01/25 (a) | 75,000 | 73,351 |
4.13%, 07/15/27 (a) | 100,000 | 93,990 |
Target Corp. | ||
3.50%, 07/01/24 | 140,000 | 137,345 |
2.25%, 04/15/25 (a) | 300,000 | 284,765 |
2.50%, 04/15/26 | 275,000 | 257,869 |
TJX Cos., Inc. | ||
2.25%, 09/15/26 (a) | 175,000 | 160,366 |
Toll Brothers Finance Corp. | ||
4.88%, 11/15/25 (a) | 75,000 | 73,961 |
4.88%, 03/15/27 (a) | 75,000 | 71,355 |
Toyota Motor Corp. | ||
0.68%, 03/25/24 (a) | 250,000 | 237,358 |
1.34%, 03/25/26 (a) | 200,000 | 179,549 |
Toyota Motor Credit Corp. | ||
3.35%, 01/08/24 | 125,000 | 123,044 |
0.45%, 01/11/24 | 300,000 | 286,814 |
2.90%, 04/17/24 | 100,000 | 97,405 |
0.63%, 09/13/24 | 250,000 | 232,855 |
4.40%, 09/20/24 | 350,000 | 347,160 |
2.00%, 10/07/24 | 75,000 | 71,398 |
1.45%, 01/13/25 | 100,000 | 93,712 |
1.80%, 02/13/25 | 225,000 | 211,645 |
3.00%, 04/01/25 | 250,000 | 240,372 |
3.40%, 04/14/25 | 100,000 | 97,034 |
0.80%, 10/16/25 | 225,000 | 201,846 |
0.80%, 01/09/26 | 150,000 | 134,049 |
1.13%, 06/18/26 | 250,000 | 221,413 |
1.90%, 01/13/27 | 150,000 | 134,268 |
3.05%, 03/22/27 | 300,000 | 280,212 |
1.15%, 08/13/27 | 150,000 | 128,002 |
4.55%, 09/20/27 | 300,000 | 296,311 |
VF Corp. | ||
2.40%, 04/23/25 (a) | 150,000 | 140,961 |
2.80%, 04/23/27 (a) | 100,000 | 90,913 |
VICI Properties LP | ||
4.38%, 05/15/25 | 75,000 | 73,397 |
Walgreens Boots Alliance, Inc. | ||
3.80%, 11/18/24 (a) | 190,000 | 185,552 |
3.45%, 06/01/26 (a) | 225,000 | 214,169 |
Walmart, Inc. | ||
3.30%, 04/22/24 (a) | 225,000 | 220,645 |
2.85%, 07/08/24 (a) | 150,000 | 145,877 |
2.65%, 12/15/24 (a) | 115,000 | 110,715 |
3.55%, 06/26/25 (a) | 225,000 | 220,491 |
3.90%, 09/09/25 | 325,000 | 320,357 |
3.05%, 07/08/26 (a) | 125,000 | 120,323 |
1.05%, 09/17/26 (a) | 200,000 | 177,225 |
3.95%, 09/09/27 (a) | 150,000 | 148,345 |
28,722,836 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Consumer Non-Cyclical 11.3% | ||
Abbott Laboratories | ||
2.95%, 03/15/25 (a) | 150,000 | 144,999 |
3.88%, 09/15/25 (a) | 25,000 | 24,545 |
3.75%, 11/30/26 (a) | 275,000 | 268,294 |
AbbVie, Inc. | ||
3.85%, 06/15/24 (a) | 200,000 | 196,923 |
2.60%, 11/21/24 (a) | 575,000 | 550,663 |
3.80%, 03/15/25 (a) | 450,000 | 438,961 |
3.60%, 05/14/25 (a) | 575,000 | 557,484 |
3.20%, 05/14/26 (a) | 325,000 | 307,741 |
2.95%, 11/21/26 (a) | 625,000 | 582,731 |
Agilent Technologies, Inc. | ||
3.05%, 09/22/26 (a) | 75,000 | 69,851 |
Altria Group, Inc. | ||
4.00%, 01/31/24 | 140,000 | 138,668 |
3.80%, 02/14/24 (a) | 50,000 | 49,176 |
2.35%, 05/06/25 (a) | 130,000 | 122,488 |
4.40%, 02/14/26 (a) | 100,000 | 98,106 |
2.63%, 09/16/26 (a) | 125,000 | 114,826 |
AmerisourceBergen Corp. | ||
3.40%, 05/15/24 (a) | 125,000 | 122,121 |
3.25%, 03/01/25 (a) | 20,000 | 19,286 |
3.45%, 12/15/27 (a) | 100,000 | 93,622 |
Amgen, Inc. | ||
3.63%, 05/22/24 (a) | 200,000 | 196,401 |
1.90%, 02/21/25 (a) | 120,000 | 112,671 |
3.13%, 05/01/25 (a) | 150,000 | 144,127 |
2.60%, 08/19/26 (a) | 200,000 | 185,040 |
2.20%, 02/21/27 (a) | 250,000 | 224,943 |
3.20%, 11/02/27 (a) | 200,000 | 185,655 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
3.65%, 02/01/26 (a) | 550,000 | 529,997 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 200,000 | 185,844 |
Astrazeneca Finance LLC | ||
0.70%, 05/28/24 (a) | 275,000 | 259,515 |
1.20%, 05/28/26 (a) | 225,000 | 200,655 |
AstraZeneca PLC | ||
3.38%, 11/16/25 | 350,000 | 338,544 |
0.70%, 04/08/26 (a) | 200,000 | 176,118 |
3.13%, 06/12/27 (a) | 100,000 | 94,164 |
BAT Capital Corp. | ||
3.22%, 08/15/24 (a) | 425,000 | 410,116 |
2.79%, 09/06/24 (a) | 150,000 | 143,810 |
3.22%, 09/06/26 (a) | 200,000 | 185,148 |
4.70%, 04/02/27 (a) | 100,000 | 96,171 |
3.56%, 08/15/27 (a) | 550,000 | 501,790 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 250,000 | 221,692 |
Baxalta, Inc. | ||
4.00%, 06/23/25 (a) | 150,000 | 146,207 |
Baxter International, Inc. | ||
1.32%, 11/29/24 | 100,000 | 93,200 |
2.60%, 08/15/26 (a) | 150,000 | 138,771 |
1.92%, 02/01/27 (a) | 250,000 | 222,222 |
Becton Dickinson & Co. | ||
3.36%, 06/06/24 (a) | 150,000 | 146,452 |
3.73%, 12/15/24 (a) | 145,000 | 141,435 |
3.70%, 06/06/27 (a) | 275,000 | 260,464 |
Biogen, Inc. | ||
4.05%, 09/15/25 (a) | 300,000 | 291,669 |
Bio-Rad Laboratories, Inc. | ||
3.30%, 03/15/27 (a) | 100,000 | 92,403 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Boston Scientific Corp. | ||
3.45%, 03/01/24 (a) | 77,000 | 75,588 |
1.90%, 06/01/25 (a) | 100,000 | 93,511 |
Bristol-Myers Squibb Co. | ||
3.63%, 05/15/24 (a) | 75,000 | 73,970 |
2.90%, 07/26/24 (a) | 425,000 | 413,155 |
0.75%, 11/13/25 (a) | 175,000 | 157,601 |
3.20%, 06/15/26 (a) | 325,000 | 310,457 |
3.25%, 02/27/27 | 75,000 | 71,566 |
1.13%, 11/13/27 (a) | 100,000 | 85,592 |
3.45%, 11/15/27 (a) | 100,000 | 95,586 |
Brown-Forman Corp. | ||
3.50%, 04/15/25 (a) | 75,000 | 73,432 |
Brunswick Corp. | ||
0.85%, 08/18/24 (a) | 100,000 | 92,519 |
Bunge Ltd. Finance Corp. | ||
1.63%, 08/17/25 (a) | 100,000 | 91,259 |
3.25%, 08/15/26 (a) | 200,000 | 186,741 |
Campbell Soup Co. | ||
3.95%, 03/15/25 (a) | 150,000 | 146,651 |
3.30%, 03/19/25 (a) | 50,000 | 48,212 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 175,000 | 170,061 |
3.50%, 11/15/24 (a) | 70,000 | 67,974 |
3.75%, 09/15/25 (a) | 100,000 | 96,963 |
3.41%, 06/15/27 (a) | 150,000 | 140,698 |
Cigna Corp. | ||
0.61%, 03/15/24 (a) | 100,000 | 94,848 |
3.50%, 06/15/24 (a) | 125,000 | 122,143 |
3.25%, 04/15/25 (a) | 25,000 | 24,107 |
4.13%, 11/15/25 (a) | 350,000 | 342,593 |
4.50%, 02/25/26 (a) | 200,000 | 197,180 |
1.25%, 03/15/26 (a) | 100,000 | 89,197 |
3.40%, 03/01/27 (a) | 250,000 | 234,919 |
3.05%, 10/15/27 (a) | 100,000 | 91,719 |
Coca-Cola Co. | ||
1.75%, 09/06/24 | 150,000 | 143,128 |
3.38%, 03/25/27 | 200,000 | 192,098 |
1.45%, 06/01/27 | 250,000 | 221,055 |
Colgate-Palmolive Co. | ||
3.25%, 03/15/24 | 100,000 | 98,633 |
3.10%, 08/15/27 (a) | 150,000 | 142,330 |
CommonSpirit Health | ||
2.76%, 10/01/24 (a) | 100,000 | 95,949 |
1.55%, 10/01/25 (a) | 200,000 | 180,774 |
6.07%, 11/01/27 (a) | 50,000 | 51,223 |
Conagra Brands, Inc. | ||
4.30%, 05/01/24 (a) | 75,000 | 73,981 |
4.60%, 11/01/25 (a) | 225,000 | 221,703 |
1.38%, 11/01/27 (a) | 100,000 | 83,295 |
Constellation Brands, Inc. | ||
3.60%, 05/09/24 | 100,000 | 97,980 |
4.75%, 11/15/24 | 75,000 | 74,607 |
4.40%, 11/15/25 (a) | 100,000 | 98,454 |
4.75%, 12/01/25 | 50,000 | 49,954 |
3.70%, 12/06/26 (a) | 100,000 | 95,354 |
3.50%, 05/09/27 (a) | 75,000 | 70,316 |
4.35%, 05/09/27 (a) | 100,000 | 97,541 |
CVS Health Corp. | ||
3.38%, 08/12/24 (a) | 200,000 | 195,284 |
2.63%, 08/15/24 (a) | 165,000 | 158,515 |
4.10%, 03/25/25 (a) | 175,000 | 172,628 |
3.88%, 07/20/25 (a) | 450,000 | 439,632 |
2.88%, 06/01/26 (a) | 300,000 | 280,386 |
3.00%, 08/15/26 (a) | 50,000 | 46,736 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.63%, 04/01/27 (a) | 150,000 | 142,518 |
1.30%, 08/21/27 (a) | 400,000 | 339,491 |
Danaher Corp. | ||
3.35%, 09/15/25 (a) | 50,000 | 48,193 |
DH Europe Finance II Sarl | ||
2.20%, 11/15/24 (a) | 105,000 | 100,045 |
Diageo Capital PLC | ||
1.38%, 09/29/25 (a) | 225,000 | 206,501 |
5.30%, 10/24/27 (a) | 200,000 | 204,799 |
Eli Lilly & Co. | ||
2.75%, 06/01/25 (a) | 100,000 | 95,710 |
5.50%, 03/15/27 | 75,000 | 77,996 |
3.10%, 05/15/27 (a) | 75,000 | 70,636 |
Estee Lauder Cos., Inc. | ||
2.00%, 12/01/24 (a) | 75,000 | 71,192 |
3.15%, 03/15/27 (a) | 100,000 | 94,853 |
Flowers Foods, Inc. | ||
3.50%, 10/01/26 (a) | 100,000 | 94,380 |
GE HealthCare Technologies, Inc. | ||
5.60%, 11/15/25 (a)(c) | 300,000 | 301,952 |
5.65%, 11/15/27 (a)(c) | 300,000 | 304,657 |
General Mills, Inc. | ||
3.65%, 02/15/24 (a) | 75,000 | 73,948 |
4.00%, 04/17/25 (a) | 100,000 | 97,789 |
3.20%, 02/10/27 (a) | 150,000 | 142,189 |
Gilead Sciences, Inc. | ||
3.70%, 04/01/24 (a) | 295,000 | 290,290 |
3.50%, 02/01/25 (a) | 375,000 | 363,377 |
3.65%, 03/01/26 (a) | 425,000 | 410,481 |
2.95%, 03/01/27 (a) | 150,000 | 139,804 |
1.20%, 10/01/27 (a) | 100,000 | 85,016 |
GlaxoSmithKline Capital PLC | ||
3.00%, 06/01/24 (a) | 150,000 | 146,071 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 | 175,000 | 171,063 |
GSK Consumer Healthcare Capital US LLC | ||
3.02%, 03/24/24 (a) | 250,000 | 242,603 |
3.13%, 03/24/25 | 250,000 | 238,380 |
3.38%, 03/24/27 (a) | 275,000 | 256,486 |
Hasbro, Inc. | ||
3.00%, 11/19/24 (a) | 75,000 | 72,056 |
3.55%, 11/19/26 (a) | 175,000 | 164,343 |
HCA, Inc. | ||
5.00%, 03/15/24 | 325,000 | 323,317 |
5.38%, 02/01/25 | 400,000 | 400,019 |
5.25%, 04/15/25 | 250,000 | 248,588 |
5.88%, 02/15/26 (a) | 150,000 | 151,045 |
5.25%, 06/15/26 (a) | 300,000 | 296,946 |
5.38%, 09/01/26 (a) | 175,000 | 173,431 |
4.50%, 02/15/27 (a) | 225,000 | 216,940 |
3.13%, 03/15/27 (a)(c) | 200,000 | 182,257 |
Hershey Co. | ||
2.30%, 08/15/26 (a) | 100,000 | 92,017 |
Hormel Foods Corp. | ||
0.65%, 06/03/24 (a) | 150,000 | 141,477 |
Illumina, Inc. | ||
5.75%, 12/13/27 (a) | 100,000 | 101,470 |
Ingredion, Inc. | ||
3.20%, 10/01/26 (a) | 100,000 | 93,832 |
JBS USA LUX S.A. | ||
2.50%, 01/15/27 (a)(c) | 200,000 | 175,310 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
JM Smucker Co. | ||
3.50%, 03/15/25 | 150,000 | 145,267 |
3.38%, 12/15/27 (a) | 100,000 | 92,577 |
Johnson & Johnson | ||
2.63%, 01/15/25 (a) | 100,000 | 96,391 |
0.55%, 09/01/25 (a) | 175,000 | 158,163 |
2.45%, 03/01/26 (a) | 325,000 | 305,733 |
2.95%, 03/03/27 (a) | 175,000 | 165,540 |
0.95%, 09/01/27 (a) | 200,000 | 172,690 |
Kaiser Foundation Hospitals | ||
3.15%, 05/01/27 (a) | 100,000 | 93,554 |
Kellogg Co. | ||
3.25%, 04/01/26 | 100,000 | 95,313 |
3.40%, 11/15/27 (a) | 100,000 | 93,185 |
Keurig Dr Pepper, Inc. | ||
0.75%, 03/15/24 (a) | 200,000 | 189,990 |
4.42%, 05/25/25 (a) | 100,000 | 99,000 |
3.40%, 11/15/25 (a) | 100,000 | 96,172 |
2.55%, 09/15/26 (a) | 75,000 | 68,858 |
Kimberly-Clark Corp. | ||
3.05%, 08/15/25 | 50,000 | 48,096 |
2.75%, 02/15/26 | 75,000 | 70,924 |
1.05%, 09/15/27 (a) | 125,000 | 106,908 |
Kraft Heinz Foods Co. | ||
3.00%, 06/01/26 (a) | 300,000 | 281,244 |
3.88%, 05/15/27 (a) | 225,000 | 215,191 |
Kroger Co. | ||
4.00%, 02/01/24 (a) | 85,000 | 84,074 |
2.65%, 10/15/26 (a) | 200,000 | 183,897 |
Laboratory Corp. of America Holdings | ||
3.25%, 09/01/24 (a) | 100,000 | 96,988 |
2.30%, 12/01/24 (a) | 50,000 | 47,337 |
3.60%, 02/01/25 (a) | 200,000 | 193,712 |
1.55%, 06/01/26 (a) | 50,000 | 44,325 |
3.60%, 09/01/27 (a) | 100,000 | 94,953 |
McCormick & Co., Inc. | ||
3.15%, 08/15/24 (a) | 125,000 | 121,053 |
0.90%, 02/15/26 (a) | 100,000 | 87,996 |
3.40%, 08/15/27 (a) | 125,000 | 116,735 |
McKesson Corp. | ||
3.80%, 03/15/24 (a) | 150,000 | 147,710 |
0.90%, 12/03/25 (a) | 50,000 | 44,502 |
1.30%, 08/15/26 (a) | 100,000 | 87,960 |
Mead Johnson Nutrition Co. | ||
4.13%, 11/15/25 (a) | 125,000 | 122,578 |
Merck & Co., Inc. | ||
2.90%, 03/07/24 (a) | 145,000 | 141,742 |
2.75%, 02/10/25 (a) | 420,000 | 402,780 |
0.75%, 02/24/26 (a) | 175,000 | 155,221 |
1.70%, 06/10/27 (a) | 200,000 | 177,784 |
Molson Coors Beverage Co. | ||
3.00%, 07/15/26 (a) | 325,000 | 302,208 |
Mondelez International, Inc. | ||
1.50%, 05/04/25 (a) | 175,000 | 162,313 |
2.63%, 03/17/27 (a) | 100,000 | 90,894 |
Novartis Capital Corp. | ||
3.40%, 05/06/24 | 400,000 | 392,155 |
1.75%, 02/14/25 (a) | 35,000 | 33,047 |
3.00%, 11/20/25 (a) | 325,000 | 311,999 |
2.00%, 02/14/27 (a) | 325,000 | 296,264 |
PeaceHealth Obligated Group | ||
1.38%, 11/15/25 (a) | 100,000 | 89,846 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
PepsiCo, Inc. | ||
3.60%, 03/01/24 (a) | 200,000 | 197,649 |
2.25%, 03/19/25 (a) | 250,000 | 237,970 |
2.75%, 04/30/25 (a) | 200,000 | 191,613 |
3.50%, 07/17/25 (a) | 100,000 | 97,743 |
2.85%, 02/24/26 (a) | 125,000 | 118,981 |
2.38%, 10/06/26 (a) | 125,000 | 116,562 |
2.63%, 03/19/27 (a) | 150,000 | 139,463 |
3.00%, 10/15/27 (a) | 200,000 | 188,017 |
PerkinElmer, Inc. | ||
0.85%, 09/15/24 (a) | 150,000 | 139,161 |
Pfizer, Inc. | ||
2.95%, 03/15/24 (a) | 150,000 | 146,670 |
3.40%, 05/15/24 | 175,000 | 171,807 |
0.80%, 05/28/25 (a) | 150,000 | 137,338 |
2.75%, 06/03/26 | 200,000 | 188,768 |
3.00%, 12/15/26 | 250,000 | 237,174 |
Philip Morris International, Inc. | ||
2.88%, 05/01/24 (a) | 115,000 | 111,718 |
3.25%, 11/10/24 | 130,000 | 125,757 |
1.50%, 05/01/25 (a) | 125,000 | 115,723 |
3.38%, 08/11/25 (a) | 175,000 | 168,205 |
2.75%, 02/25/26 (a) | 200,000 | 187,888 |
0.88%, 05/01/26 (a) | 150,000 | 132,003 |
3.13%, 08/17/27 (a) | 150,000 | 139,271 |
5.13%, 11/17/27 (a) | 250,000 | 252,564 |
Procter & Gamble Co. | ||
0.55%, 10/29/25 | 175,000 | 157,168 |
2.70%, 02/02/26 | 100,000 | 95,073 |
1.00%, 04/23/26 | 150,000 | 134,575 |
2.45%, 11/03/26 | 175,000 | 162,324 |
2.80%, 03/25/27 | 175,000 | 164,378 |
Providence St Joseph Health Obligated Group | ||
2.75%, 10/01/26 (a) | 50,000 | 46,840 |
Quest Diagnostics, Inc. | ||
4.25%, 04/01/24 (a) | 50,000 | 49,611 |
3.50%, 03/30/25 (a) | 50,000 | 48,263 |
3.45%, 06/01/26 (a) | 100,000 | 95,697 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 375,000 | 367,281 |
Royalty Pharma PLC | ||
1.20%, 09/02/25 (a) | 175,000 | 156,830 |
1.75%, 09/02/27 (a) | 125,000 | 106,256 |
Shire Acquisitions Investments Ireland DAC | ||
3.20%, 09/23/26 (a) | 475,000 | 446,904 |
SSM Health Care Corp. | ||
3.82%, 06/01/27 (a) | 100,000 | 94,828 |
Stryker Corp. | ||
3.38%, 05/15/24 (a) | 100,000 | 97,667 |
1.15%, 06/15/25 (a) | 100,000 | 91,528 |
3.38%, 11/01/25 (a) | 125,000 | 120,955 |
3.50%, 03/15/26 (a) | 175,000 | 168,095 |
Sutter Health | ||
1.32%, 08/15/25 (a) | 100,000 | 90,981 |
Sysco Corp. | ||
3.75%, 10/01/25 (a) | 125,000 | 121,107 |
3.30%, 07/15/26 (a) | 200,000 | 189,211 |
3.25%, 07/15/27 (a) | 100,000 | 92,660 |
The Hershey Co. | ||
2.05%, 11/15/24 (a) | 100,000 | 95,272 |
The Kroger Co. | ||
3.50%, 02/01/26 (a) | 50,000 | 47,795 |
3.70%, 08/01/27 (a) | 100,000 | 94,588 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
The Procter & Gamble Co. | ||
1.90%, 02/01/27 | 225,000 | 205,121 |
Thermo Fisher Scientific, Inc. | ||
1.22%, 10/18/24 (a) | 450,000 | 422,464 |
4.80%, 11/21/27 (a) | 100,000 | 100,554 |
Tyson Foods, Inc. | ||
3.95%, 08/15/24 (a) | 200,000 | 197,052 |
4.00%, 03/01/26 (a) | 175,000 | 169,714 |
3.55%, 06/02/27 (a) | 200,000 | 187,652 |
Unilever Capital Corp. | ||
3.25%, 03/07/24 (a) | 100,000 | 98,236 |
2.60%, 05/05/24 (a) | 200,000 | 194,168 |
0.63%, 08/12/24 (a) | 100,000 | 93,661 |
3.38%, 03/22/25 (a) | 150,000 | 146,101 |
2.00%, 07/28/26 | 150,000 | 137,093 |
2.90%, 05/05/27 (a) | 175,000 | 163,845 |
Universal Health Services, Inc. | ||
1.65%, 09/01/26 (a) | 125,000 | 107,301 |
UPMC | ||
3.60%, 04/03/25 | 135,000 | 130,488 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 350,000 | 327,358 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 125,000 | 113,299 |
2.30%, 06/22/27 (a) | 150,000 | 128,450 |
Whirlpool Corp. | ||
4.00%, 03/01/24 | 10,000 | 9,862 |
3.70%, 05/01/25 | 100,000 | 97,316 |
Wyeth LLC | ||
6.45%, 02/01/24 | 75,000 | 76,271 |
Zimmer Biomet Holdings, Inc. | ||
3.55%, 04/01/25 (a) | 325,000 | 313,891 |
Zoetis, Inc. | ||
4.50%, 11/13/25 (a) | 100,000 | 99,553 |
5.40%, 11/14/25 (a) | 175,000 | 178,597 |
3.00%, 09/12/27 (a) | 100,000 | 92,640 |
41,832,463 | ||
Energy 5.5% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.34%, 12/15/27 (a) | 200,000 | 185,132 |
Baker Hughes Holdings LLC | ||
2.06%, 12/15/26 (a) | 100,000 | 89,780 |
Boardwalk Pipelines LP | ||
4.95%, 12/15/24 (a) | 75,000 | 74,234 |
5.95%, 06/01/26 (a) | 100,000 | 101,607 |
4.45%, 07/15/27 (a) | 100,000 | 95,237 |
BP Capital Markets America, Inc. | ||
3.80%, 09/21/25 (a) | 150,000 | 147,388 |
3.41%, 02/11/26 (a) | 100,000 | 96,171 |
3.12%, 05/04/26 (a) | 150,000 | 142,421 |
3.02%, 01/16/27 (a) | 175,000 | 163,398 |
3.54%, 04/06/27 (a) | 100,000 | 95,212 |
3.59%, 04/14/27 (a) | 225,000 | 214,670 |
BP Capital Markets PLC | ||
3.28%, 09/19/27 (a) | 250,000 | 235,235 |
Canadian Natural Resources Ltd. | ||
3.80%, 04/15/24 (a) | 100,000 | 98,214 |
3.90%, 02/01/25 (a) | 100,000 | 97,374 |
2.05%, 07/15/25 (a) | 125,000 | 116,495 |
3.85%, 06/01/27 (a) | 150,000 | 141,701 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 225,000 | 226,368 |
5.13%, 06/30/27 (a) | 300,000 | 297,115 |
Chevron Corp. | ||
2.90%, 03/03/24 (a) | 150,000 | 146,754 |
1.55%, 05/11/25 (a) | 475,000 | 442,286 |
3.33%, 11/17/25 (a) | 150,000 | 145,245 |
2.95%, 05/16/26 (a) | 300,000 | 285,044 |
2.00%, 05/11/27 (a) | 175,000 | 157,427 |
Chevron USA, Inc. | ||
3.90%, 11/15/24 (a) | 120,000 | 118,068 |
0.69%, 08/12/25 (a) | 100,000 | 90,541 |
1.02%, 08/12/27 (a) | 100,000 | 85,860 |
Columbia Pipeline Group, Inc. | ||
4.50%, 06/01/25 (a) | 175,000 | 172,713 |
ConocoPhillips Co. | ||
2.13%, 03/08/24 (a) | 150,000 | 145,363 |
2.40%, 03/07/25 (a) | 225,000 | 214,010 |
Continental Resources, Inc. | ||
3.80%, 06/01/24 (a) | 150,000 | 145,949 |
Coterra Energy, Inc. | ||
3.90%, 05/15/27 (a) | 125,000 | 117,094 |
DCP Midstream Operating LP | ||
5.63%, 07/15/27 (a) | 175,000 | 174,361 |
Devon Energy Corp. | ||
5.25%, 09/15/24 (a)(c) | 75,000 | 75,107 |
5.85%, 12/15/25 (a) | 100,000 | 101,963 |
Diamondback Energy, Inc. | ||
3.25%, 12/01/26 (a) | 100,000 | 93,314 |
Eastern Energy Gas Holdings LLC | ||
2.50%, 11/15/24 (a) | 120,000 | 114,532 |
3.60%, 12/15/24 (a) | 61,000 | 59,293 |
Enbridge, Inc. | ||
3.50%, 06/10/24 (a) | 150,000 | 146,000 |
1.60%, 10/04/26 (a) | 175,000 | 153,476 |
4.25%, 12/01/26 (a) | 200,000 | 192,715 |
Energy Transfer LP | ||
5.88%, 01/15/24 (a) | 175,000 | 175,503 |
4.90%, 02/01/24 (a) | 70,000 | 69,477 |
4.25%, 04/01/24 (a) | 15,000 | 14,748 |
4.50%, 04/15/24 (a) | 120,000 | 118,393 |
3.90%, 05/15/24 (a) | 100,000 | 97,593 |
3.90%, 07/15/26 (a) | 100,000 | 94,672 |
4.40%, 03/15/27 (a) | 100,000 | 95,251 |
4.00%, 10/01/27 (a) | 100,000 | 93,691 |
Energy Transfer Operating LP | ||
4.05%, 03/15/25 (a) | 175,000 | 169,691 |
2.90%, 05/15/25 (a) | 150,000 | 141,455 |
4.75%, 01/15/26 (a) | 150,000 | 146,538 |
4.20%, 04/15/27 (a) | 100,000 | 94,550 |
5.50%, 06/01/27 (a) | 150,000 | 149,207 |
Enterprise Products Operating LLC | ||
3.90%, 02/15/24 (a) | 175,000 | 172,459 |
3.75%, 02/15/25 (a) | 185,000 | 180,039 |
3.70%, 02/15/26 (a) | 200,000 | 192,960 |
3.95%, 02/15/27 (a) | 100,000 | 96,046 |
5.25%, 08/16/77 (a)(b) | 150,000 | 123,009 |
EOG Resources, Inc. | ||
3.15%, 04/01/25 (a) | 100,000 | 96,618 |
4.15%, 01/15/26 (a) | 100,000 | 98,194 |
EQT Corp. | ||
6.13%, 02/01/25 (a)(f) | 175,000 | 175,649 |
5.68%, 10/01/25 (a) | 100,000 | 99,950 |
3.90%, 10/01/27 (a) | 150,000 | 138,771 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Exxon Mobil Corp. | ||
3.18%, 03/15/24 (a) | 190,000 | 186,423 |
2.02%, 08/16/24 (a) | 100,000 | 95,871 |
2.71%, 03/06/25 (a) | 250,000 | 239,269 |
2.99%, 03/19/25 (a) | 430,000 | 414,684 |
3.04%, 03/01/26 (a) | 400,000 | 382,229 |
2.28%, 08/16/26 (a) | 150,000 | 139,015 |
3.29%, 03/19/27 (a) | 225,000 | 216,297 |
Halliburton Co. | ||
3.80%, 11/15/25 (a) | 95,000 | 92,518 |
Hess Corp. | ||
3.50%, 07/15/24 (a) | 50,000 | 48,569 |
4.30%, 04/01/27 (a) | 150,000 | 143,674 |
HF Sinclair Corp. | ||
2.63%, 10/01/23 | 25,000 | 24,406 |
5.88%, 04/01/26 (a) | 225,000 | 226,044 |
Kinder Morgan Energy Partners LP | ||
4.15%, 02/01/24 (a) | 125,000 | 123,446 |
4.30%, 05/01/24 (a) | 100,000 | 98,809 |
4.25%, 09/01/24 (a) | 50,000 | 49,252 |
Kinder Morgan, Inc. | ||
4.30%, 06/01/25 (a) | 225,000 | 221,009 |
1.75%, 11/15/26 (a) | 75,000 | 66,264 |
Magellan Midstream Partners LP | ||
5.00%, 03/01/26 (a) | 100,000 | 99,581 |
Marathon Oil Corp. | ||
4.40%, 07/15/27 (a) | 200,000 | 191,216 |
Marathon Petroleum Corp. | ||
3.63%, 09/15/24 (a) | 75,000 | 73,050 |
4.70%, 05/01/25 (a) | 225,000 | 221,796 |
5.13%, 12/15/26 (a) | 175,000 | 174,670 |
MPLX LP | ||
4.88%, 12/01/24 (a) | 175,000 | 173,593 |
4.00%, 02/15/25 (a) | 20,000 | 19,406 |
4.88%, 06/01/25 (a) | 200,000 | 197,841 |
1.75%, 03/01/26 (a) | 275,000 | 245,585 |
4.13%, 03/01/27 (a) | 250,000 | 236,875 |
National Fuel Gas Co. | ||
5.20%, 07/15/25 (a) | 75,000 | 74,780 |
5.50%, 01/15/26 (a) | 150,000 | 149,830 |
Northwest Pipeline LLC | ||
4.00%, 04/01/27 (a) | 125,000 | 118,977 |
ONEOK Partners LP | ||
4.90%, 03/15/25 (a) | 100,000 | 98,735 |
ONEOK, Inc. | ||
2.75%, 09/01/24 (a) | 95,000 | 91,109 |
2.20%, 09/15/25 (a) | 75,000 | 68,970 |
5.85%, 01/15/26 (a) | 120,000 | 121,854 |
4.00%, 07/13/27 (a) | 100,000 | 94,301 |
Ovintiv Exploration, Inc. | ||
5.38%, 01/01/26 (a) | 125,000 | 124,072 |
Phillips 66 | ||
3.85%, 04/09/25 (a) | 175,000 | 170,705 |
1.30%, 02/15/26 (a) | 50,000 | 44,779 |
Phillips 66 Co. | ||
3.55%, 10/01/26 (a) | 100,000 | 93,921 |
Phillips 66 Partners LP | ||
3.61%, 02/15/25 (a)(c) | 70,000 | 67,847 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 150,000 | 133,828 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.60%, 11/01/24 (a) | 105,000 | 101,816 |
4.65%, 10/15/25 (a) | 175,000 | 171,534 |
4.50%, 12/15/26 (a) | 100,000 | 96,228 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sabine Pass Liquefaction LLC | ||
5.75%, 05/15/24 (a) | 250,000 | 250,234 |
5.63%, 03/01/25 (a) | 375,000 | 376,275 |
5.88%, 06/30/26 (a) | 250,000 | 253,274 |
5.00%, 03/15/27 (a) | 200,000 | 196,455 |
Schlumberger Finance Canada Ltd. | ||
1.40%, 09/17/25 (a) | 50,000 | 45,898 |
Shell International Finance BV | ||
2.00%, 11/07/24 (a) | 225,000 | 214,108 |
3.25%, 05/11/25 | 425,000 | 412,241 |
2.88%, 05/10/26 | 300,000 | 282,929 |
2.50%, 09/12/26 | 175,000 | 162,588 |
Spectra Energy Partners LP | ||
4.75%, 03/15/24 (a) | 250,000 | 248,462 |
3.50%, 03/15/25 (a) | 125,000 | 120,356 |
3.38%, 10/15/26 (a) | 100,000 | 93,450 |
Sunoco Logistics Partners Operations LP | ||
5.95%, 12/01/25 (a) | 100,000 | 101,552 |
Targa Resources Corp. | ||
5.20%, 07/01/27 (a) | 125,000 | 122,912 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
6.50%, 07/15/27 (a) | 150,000 | 151,661 |
TC PipeLines LP | ||
4.38%, 03/13/25 (a) | 50,000 | 49,094 |
3.90%, 05/25/27 (a) | 100,000 | 94,664 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 03/15/27 | 75,000 | 79,653 |
TotalEnergies Capital International S.A. | ||
3.70%, 01/15/24 | 195,000 | 192,476 |
3.75%, 04/10/24 | 225,000 | 222,264 |
2.43%, 01/10/25 (a) | 100,000 | 95,544 |
TransCanada PipeLines Ltd. | ||
1.00%, 10/12/24 (a) | 225,000 | 208,523 |
4.88%, 01/15/26 (a) | 200,000 | 199,247 |
Transcontinental Gas Pipe Line Co. LLC | ||
7.85%, 02/01/26 (a) | 75,000 | 80,099 |
Valero Energy Corp. | ||
2.15%, 09/15/27 (a) | 100,000 | 87,916 |
Williams Cos., Inc. | ||
4.30%, 03/04/24 (a) | 175,000 | 172,857 |
4.55%, 06/24/24 (a) | 194,000 | 191,957 |
3.90%, 01/15/25 (a) | 125,000 | 121,892 |
4.00%, 09/15/25 (a) | 150,000 | 145,873 |
3.75%, 06/15/27 (a) | 200,000 | 188,621 |
20,217,084 | ||
Industrial Other 0.1% | ||
Cintas Corp. No. 2 | ||
3.70%, 04/01/27 (a) | 225,000 | 217,048 |
The Leland Stanford Junior University | ||
1.29%, 06/01/27 (a) | 75,000 | 65,302 |
Yale University | ||
0.87%, 04/15/25 (a) | 100,000 | 92,100 |
374,450 | ||
Technology 9.5% | ||
Adobe, Inc. | ||
1.90%, 02/01/25 (a) | 95,000 | 89,808 |
3.25%, 02/01/25 (a) | 150,000 | 145,839 |
2.15%, 02/01/27 (a) | 150,000 | 136,803 |
Alphabet, Inc. | ||
3.38%, 02/25/24 | 100,000 | 100,238 |
0.45%, 08/15/25 (a) | 175,000 | 157,857 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.00%, 08/15/26 (a) | 325,000 | 299,231 |
0.80%, 08/15/27 (a) | 150,000 | 128,826 |
Analog Devices, Inc. | ||
2.95%, 04/01/25 (a) | 125,000 | 120,218 |
3.50%, 12/05/26 (a) | 175,000 | 167,115 |
Apple Inc. | ||
3.00%, 02/09/24 (a) | 275,000 | 269,783 |
3.45%, 05/06/24 | 375,000 | 368,816 |
2.85%, 05/11/24 (a) | 275,000 | 267,922 |
1.80%, 09/11/24 (a) | 120,000 | 114,383 |
2.75%, 01/13/25 (a) | 210,000 | 202,397 |
2.50%, 02/09/25 | 250,000 | 239,168 |
1.13%, 05/11/25 (a) | 400,000 | 368,677 |
3.20%, 05/13/25 | 375,000 | 362,589 |
0.55%, 08/20/25 (a) | 200,000 | 180,500 |
0.70%, 02/08/26 (a) | 300,000 | 266,866 |
3.25%, 02/23/26 (a) | 525,000 | 505,096 |
2.45%, 08/04/26 (a) | 400,000 | 371,693 |
2.05%, 09/11/26 (a) | 375,000 | 342,877 |
3.35%, 02/09/27 (a) | 350,000 | 335,389 |
3.20%, 05/11/27 (a) | 375,000 | 356,455 |
3.00%, 06/20/27 (a) | 150,000 | 141,489 |
2.90%, 09/12/27 (a) | 400,000 | 373,990 |
3.00%, 11/13/27 (a) | 100,000 | 93,533 |
Applied Materials, Inc. | ||
3.90%, 10/01/25 (a) | 125,000 | 122,452 |
3.30%, 04/01/27 (a) | 225,000 | 214,049 |
Arrow Electronics, Inc. | ||
3.25%, 09/08/24 (a) | 75,000 | 72,255 |
4.00%, 04/01/25 (a) | 75,000 | 72,452 |
Autodesk, Inc. | ||
4.38%, 06/15/25 (a) | 75,000 | 74,261 |
3.50%, 06/15/27 (a) | 75,000 | 70,344 |
Automatic Data Processing, Inc. | ||
3.38%, 09/15/25 (a) | 175,000 | 169,829 |
Avnet, Inc. | ||
4.63%, 04/15/26 (a) | 100,000 | 96,399 |
Baidu, Inc. | ||
4.38%, 05/14/24 (a) | 200,000 | 196,820 |
4.13%, 06/30/25 | 200,000 | 192,192 |
1.63%, 02/23/27 (a) | 200,000 | 171,337 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.63%, 01/15/24 (a) | 115,000 | 113,113 |
3.13%, 01/15/25 (a) | 115,000 | 110,610 |
3.88%, 01/15/27 (a) | 350,000 | 331,707 |
Broadcom, Inc. | ||
3.63%, 10/15/24 (a) | 100,000 | 97,501 |
3.15%, 11/15/25 (a) | 155,000 | 147,005 |
3.46%, 09/15/26 (a) | 200,000 | 188,534 |
Broadridge Financial Solutions, Inc. | ||
3.40%, 06/27/26 (a) | 100,000 | 93,810 |
CDW LLC/CDW Finance Corp. | ||
5.50%, 12/01/24 (a) | 100,000 | 99,741 |
4.13%, 05/01/25 (a) | 100,000 | 97,555 |
2.67%, 12/01/26 (a) | 175,000 | 155,748 |
CGI, Inc. | ||
1.45%, 09/14/26 (a) | 125,000 | 110,640 |
Cisco Systems, Inc. | ||
3.63%, 03/04/24 | 150,000 | 147,941 |
3.50%, 06/15/25 | 100,000 | 97,419 |
2.95%, 02/28/26 | 125,000 | 119,484 |
2.50%, 09/20/26 (a) | 225,000 | 209,963 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 100,000 | 98,226 |
5.85%, 07/15/25 (a) | 175,000 | 177,342 |
6.02%, 06/15/26 (a) | 700,000 | 715,281 |
4.90%, 10/01/26 (a) | 275,000 | 271,168 |
6.10%, 07/15/27 (a) | 100,000 | 102,951 |
DXC Technology Co. | ||
1.80%, 09/15/26 (a) | 150,000 | 130,780 |
Equifax, Inc. | ||
2.60%, 12/01/24 (a) | 125,000 | 119,350 |
2.60%, 12/15/25 (a) | 75,000 | 69,908 |
5.10%, 12/15/27 (a) | 100,000 | 98,968 |
Equinix, Inc. | ||
2.63%, 11/18/24 (a) | 145,000 | 138,255 |
1.25%, 07/15/25 (a) | 100,000 | 90,628 |
1.00%, 09/15/25 (a) | 125,000 | 111,815 |
1.45%, 05/15/26 (a) | 125,000 | 109,995 |
2.90%, 11/18/26 (a) | 125,000 | 114,431 |
FactSet Research Systems, Inc. | ||
2.90%, 03/01/27 (a) | 100,000 | 91,133 |
Fidelity National Information Services, Inc. | ||
0.60%, 03/01/24 | 125,000 | 118,397 |
1.15%, 03/01/26 (a) | 225,000 | 197,664 |
4.70%, 07/15/27 (a) | 100,000 | 97,777 |
Fiserv, Inc. | ||
2.75%, 07/01/24 (a) | 325,000 | 313,634 |
3.85%, 06/01/25 (a) | 150,000 | 145,741 |
3.20%, 07/01/26 (a) | 325,000 | 304,842 |
2.25%, 06/01/27 (a) | 150,000 | 134,038 |
Flex Ltd. | ||
4.75%, 06/15/25 (a) | 125,000 | 122,692 |
3.75%, 02/01/26 (a) | 125,000 | 117,897 |
Fortinet, Inc. | ||
1.00%, 03/15/26 (a) | 100,000 | 87,677 |
Genpact Luxembourg Sarl | ||
3.38%, 12/01/24 (a) | 50,000 | 47,858 |
Genpact Luxembourg SARL/Genpact USA, Inc. | ||
1.75%, 04/10/26 (a) | 75,000 | 66,917 |
Global Payments, Inc. | ||
1.50%, 11/15/24 (a) | 100,000 | 93,245 |
2.65%, 02/15/25 (a) | 150,000 | 141,384 |
1.20%, 03/01/26 (a) | 175,000 | 152,720 |
4.80%, 04/01/26 (a) | 125,000 | 121,879 |
2.15%, 01/15/27 (a) | 100,000 | 87,451 |
4.95%, 08/15/27 (a) | 100,000 | 97,302 |
Hewlett Packard Enterprise Co. | ||
1.45%, 04/01/24 (a) | 175,000 | 167,198 |
4.90%, 10/15/25 (a) | 450,000 | 445,984 |
1.75%, 04/01/26 (a) | 100,000 | 89,969 |
HP, Inc. | ||
2.20%, 06/17/25 (a) | 150,000 | 140,598 |
1.45%, 06/17/26 (a) | 175,000 | 153,649 |
3.00%, 06/17/27 (a) | 150,000 | 137,252 |
Intel Corp. | ||
2.88%, 05/11/24 (a) | 200,000 | 194,847 |
3.40%, 03/25/25 (a) | 300,000 | 292,186 |
3.70%, 07/29/25 (a) | 375,000 | 366,229 |
2.60%, 05/19/26 (a) | 150,000 | 140,132 |
3.75%, 03/25/27 (a) | 100,000 | 96,678 |
3.15%, 05/11/27 (a) | 150,000 | 141,309 |
3.75%, 08/05/27 (a) | 200,000 | 192,484 |
International Business Machines Corp. | ||
3.63%, 02/12/24 | 350,000 | 344,810 |
3.00%, 05/15/24 | 400,000 | 389,461 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
7.00%, 10/30/25 | 175,000 | 185,717 |
3.45%, 02/19/26 | 225,000 | 216,307 |
3.30%, 05/15/26 | 500,000 | 476,307 |
2.20%, 02/09/27 (a) | 100,000 | 90,056 |
1.70%, 05/15/27 (a) | 200,000 | 175,892 |
4.15%, 07/27/27 (a) | 100,000 | 97,609 |
6.22%, 08/01/27 | 200,000 | 212,230 |
Intuit, Inc. | ||
0.95%, 07/15/25 (a) | 100,000 | 91,109 |
1.35%, 07/15/27 (a) | 75,000 | 65,043 |
Jabil, Inc. | ||
1.70%, 04/15/26 (a) | 75,000 | 66,450 |
4.25%, 05/15/27 (a) | 75,000 | 71,109 |
Juniper Networks, Inc. | ||
1.20%, 12/10/25 (a) | 75,000 | 67,143 |
Keysight Technologies, Inc. | ||
4.55%, 10/30/24 (a) | 125,000 | 123,493 |
4.60%, 04/06/27 (a) | 100,000 | 97,938 |
KLA Corp. | ||
4.65%, 11/01/24 (a) | 125,000 | 124,838 |
Kyndryl Holdings, Inc. | ||
2.05%, 10/15/26 (a) | 125,000 | 103,593 |
Lam Research Corp. | ||
3.80%, 03/15/25 (a) | 65,000 | 63,663 |
3.75%, 03/15/26 (a) | 150,000 | 145,634 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 60,000 | 57,764 |
Marvell Technology, Inc. | ||
1.65%, 04/15/26 (a) | 100,000 | 88,675 |
Mastercard, Inc. | ||
3.38%, 04/01/24 | 100,000 | 98,227 |
2.00%, 03/03/25 (a) | 150,000 | 142,187 |
2.95%, 11/21/26 (a) | 100,000 | 94,477 |
3.30%, 03/26/27 (a) | 175,000 | 167,024 |
Microchip Technology, Inc. | ||
0.97%, 02/15/24 | 250,000 | 237,725 |
4.25%, 09/01/25 (a) | 375,000 | 364,323 |
Micron Technology, Inc. | ||
4.98%, 02/06/26 (a) | 75,000 | 73,976 |
4.19%, 02/15/27 (a) | 150,000 | 142,714 |
Microsoft Corp. | ||
2.88%, 02/06/24 (a) | 420,000 | 412,166 |
2.70%, 02/12/25 (a) | 215,000 | 206,853 |
3.13%, 11/03/25 (a) | 500,000 | 483,246 |
2.40%, 08/08/26 (a) | 600,000 | 560,139 |
3.30%, 02/06/27 (a) | 700,000 | 675,452 |
Moody's Corp. | ||
4.88%, 02/15/24 (a) | 100,000 | 99,716 |
3.75%, 03/24/25 (a) | 100,000 | 97,387 |
Motorola Solutions, Inc. | ||
4.00%, 09/01/24 | 75,000 | 73,723 |
NetApp, Inc. | ||
3.30%, 09/29/24 (a) | 115,000 | 111,424 |
1.88%, 06/22/25 (a) | 150,000 | 138,336 |
NVIDIA Corp. | ||
0.58%, 06/14/24 (a) | 200,000 | 188,779 |
3.20%, 09/16/26 (a) | 175,000 | 166,552 |
NXP BV/NXP Funding LLC | ||
4.88%, 03/01/24 (a) | 150,000 | 148,864 |
5.35%, 03/01/26 (a) | 25,000 | 24,833 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
2.70%, 05/01/25 (a) | 100,000 | 94,219 |
3.88%, 06/18/26 (a) | 75,000 | 71,468 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.15%, 05/01/27 (a) | 100,000 | 91,288 |
4.40%, 06/01/27 (a) | 100,000 | 96,210 |
Oracle Corp. | ||
3.40%, 07/08/24 (a) | 300,000 | 292,671 |
2.95%, 11/15/24 (a) | 300,000 | 288,896 |
2.50%, 04/01/25 (a) | 535,000 | 504,621 |
2.95%, 05/15/25 (a) | 400,000 | 380,089 |
5.80%, 11/10/25 | 200,000 | 204,371 |
1.65%, 03/25/26 (a) | 575,000 | 515,780 |
2.65%, 07/15/26 (a) | 475,000 | 437,131 |
2.80%, 04/01/27 (a) | 350,000 | 319,427 |
3.25%, 11/15/27 (a) | 400,000 | 367,723 |
PayPal Holdings, Inc. | ||
2.40%, 10/01/24 (a) | 200,000 | 191,679 |
1.65%, 06/01/25 (a) | 175,000 | 162,361 |
2.65%, 10/01/26 (a) | 225,000 | 208,043 |
Qorvo, Inc. | ||
1.75%, 12/15/24 (a)(c) | 100,000 | 92,641 |
QUALCOMM, Inc. | ||
2.90%, 05/20/24 (a) | 150,000 | 146,393 |
3.45%, 05/20/25 (a) | 225,000 | 219,005 |
3.25%, 05/20/27 (a) | 325,000 | 309,682 |
S&P Global, Inc. | ||
2.95%, 01/22/27 (a) | 75,000 | 70,241 |
2.45%, 03/01/27 (a)(c) | 200,000 | 182,861 |
Salesforce, Inc. | ||
0.63%, 07/15/24 (a) | 100,000 | 93,973 |
Skyworks Solutions, Inc. | ||
1.80%, 06/01/26 (a) | 100,000 | 88,163 |
TD SYNNEX Corp. | ||
1.25%, 08/09/24 (a) | 125,000 | 116,208 |
1.75%, 08/09/26 (a) | 100,000 | 85,125 |
Texas Instruments, Inc. | ||
2.63%, 05/15/24 (a) | 50,000 | 48,580 |
1.38%, 03/12/25 (a) | 125,000 | 116,851 |
1.13%, 09/15/26 (a) | 100,000 | 88,458 |
2.90%, 11/03/27 (a) | 125,000 | 116,646 |
Thomson Reuters Corp. | ||
3.35%, 05/15/26 (a) | 100,000 | 95,066 |
Trimble, Inc. | ||
4.75%, 12/01/24 (a) | 70,000 | 69,351 |
TSMC Arizona Corp. | ||
1.75%, 10/25/26 (a) | 200,000 | 177,807 |
3.88%, 04/22/27 (a) | 200,000 | 192,032 |
Tyco Electronics Group S.A. | ||
3.70%, 02/15/26 (a) | 100,000 | 96,492 |
3.13%, 08/15/27 (a) | 75,000 | 69,299 |
VeriSign, Inc. | ||
5.25%, 04/01/25 (a) | 100,000 | 100,034 |
4.75%, 07/15/27 (a) | 100,000 | 97,573 |
Verisk Analytics, Inc. | ||
4.00%, 06/15/25 (a) | 150,000 | 146,149 |
Visa, Inc. | ||
3.15%, 12/14/25 (a) | 575,000 | 554,768 |
1.90%, 04/15/27 (a) | 200,000 | 180,572 |
2.75%, 09/15/27 (a) | 275,000 | 255,229 |
VMware, Inc. | ||
1.00%, 08/15/24 (a) | 250,000 | 232,661 |
4.50%, 05/15/25 (a) | 175,000 | 171,942 |
1.40%, 08/15/26 (a) | 325,000 | 283,640 |
3.90%, 08/21/27 (a) | 200,000 | 186,869 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 375,000 | 353,628 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Western Union Co. | ||
2.85%, 01/10/25 (a) | 100,000 | 95,578 |
1.35%, 03/15/26 (a) | 100,000 | 87,692 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 150,000 | 140,526 |
Xilinx, Inc. | ||
2.95%, 06/01/24 (a) | 100,000 | 97,294 |
35,276,550 | ||
Transportation 1.4% | ||
BNSF Funding Trust I | ||
6.61%, 12/15/55 (a)(b) | 75,000 | 70,941 |
Burlington Northern Santa Fe LLC | ||
3.75%, 04/01/24 (a) | 152,000 | 150,056 |
3.40%, 09/01/24 (a) | 50,000 | 48,930 |
3.00%, 04/01/25 (a) | 100,000 | 96,314 |
3.65%, 09/01/25 (a) | 50,000 | 48,676 |
7.00%, 12/15/25 | 50,000 | 53,395 |
Canadian National Railway Co. | ||
2.95%, 11/21/24 (a) | 75,000 | 72,363 |
2.75%, 03/01/26 (a) | 75,000 | 70,800 |
Canadian Pacific Railway Co. | ||
1.35%, 12/02/24 (a) | 175,000 | 163,357 |
2.90%, 02/01/25 (a) | 140,000 | 134,049 |
1.75%, 12/02/26 (a) | 175,000 | 156,183 |
Continental Airlines 2012-2 Class A Pass-Through Trust | ||
4.00%, 10/29/24 | 124,204 | 118,272 |
CSX Corp. | ||
3.40%, 08/01/24 (a) | 75,000 | 73,346 |
3.35%, 11/01/25 (a) | 125,000 | 120,091 |
2.60%, 11/01/26 (a) | 100,000 | 92,355 |
3.25%, 06/01/27 (a) | 150,000 | 140,740 |
Delta Air Lines 2019-1 Class AA Pass-Through Trust | ||
3.20%, 04/25/24 | 75,000 | 72,696 |
FedEx Corp. | ||
3.25%, 04/01/26 (a) | 125,000 | 119,013 |
GXO Logistics, Inc. | ||
1.65%, 07/15/26 (a) | 100,000 | 86,114 |
JB Hunt Transport Services, Inc. | ||
3.88%, 03/01/26 (a) | 100,000 | 97,033 |
Norfolk Southern Corp. | ||
3.85%, 01/15/24 (a) | 25,000 | 24,776 |
3.65%, 08/01/25 (a) | 50,000 | 48,501 |
2.90%, 06/15/26 (a) | 150,000 | 140,714 |
7.80%, 05/15/27 | 100,000 | 110,794 |
Ryder System, Inc. | ||
2.50%, 09/01/24 (a) | 120,000 | 114,334 |
4.63%, 06/01/25 (a) | 100,000 | 98,119 |
3.35%, 09/01/25 (a) | 90,000 | 85,488 |
1.75%, 09/01/26 (a) | 25,000 | 22,126 |
2.90%, 12/01/26 (a) | 100,000 | 91,243 |
2.85%, 03/01/27 (a) | 100,000 | 90,799 |
4.30%, 06/15/27 (a) | 50,000 | 47,982 |
Southwest Airlines Co. | ||
5.25%, 05/04/25 (a) | 275,000 | 276,641 |
3.00%, 11/15/26 (a) | 50,000 | 46,048 |
5.13%, 06/15/27 (a) | 300,000 | 297,152 |
Union Pacific Corp. | ||
3.65%, 02/15/24 (a) | 90,000 | 88,719 |
3.15%, 03/01/24 (a) | 95,000 | 93,142 |
3.25%, 01/15/25 (a) | 15,000 | 14,584 |
3.75%, 07/15/25 (a) | 75,000 | 73,012 |
3.25%, 08/15/25 (a) | 100,000 | 96,440 |
2.75%, 03/01/26 (a) | 100,000 | 94,710 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.15%, 02/05/27 (a) | 100,000 | 90,416 |
3.00%, 04/15/27 (a) | 100,000 | 93,379 |
United Airlines 2012-1 Class A Pass-Through Trust | ||
4.15%, 04/11/24 | 117,133 | 114,444 |
United Airlines 2013-1 Class A Pass-Through Trust | ||
4.30%, 08/15/25 | 120,621 | 112,294 |
United Airlines 2020-1 Class A Pass-Through Trust | ||
5.88%, 10/15/27 | 355,672 | 350,873 |
United Airlines 2020-1 Class B Pass-Through Trust | ||
4.88%, 01/15/26 | 114,300 | 108,273 |
United Parcel Service, Inc. | ||
2.20%, 09/01/24 (a) | 50,000 | 48,032 |
3.90%, 04/01/25 (a) | 200,000 | 197,184 |
2.40%, 11/15/26 (a) | 100,000 | 93,078 |
3.05%, 11/15/27 (a) | 100,000 | 94,194 |
5,242,215 | ||
175,630,633 | ||
Utility 5.0% | ||
Electric 4.6% | ||
AES Corp. | ||
1.38%, 01/15/26 (a) | 150,000 | 134,132 |
Alabama Power Co. | ||
3.75%, 09/01/27 (a) | 150,000 | 144,279 |
Ameren Corp. | ||
2.50%, 09/15/24 (a) | 75,000 | 71,751 |
3.65%, 02/15/26 (a) | 75,000 | 71,963 |
1.95%, 03/15/27 (a) | 100,000 | 88,181 |
Ameren Illinois Co. | ||
3.25%, 03/01/25 (a) | 50,000 | 48,388 |
American Electric Power Co., Inc. | ||
1.00%, 11/01/25 (a) | 100,000 | 89,561 |
5.75%, 11/01/27 (a) | 200,000 | 206,070 |
3.88%, 02/15/62 (a)(b) | 125,000 | 98,490 |
Appalachian Power Co. | ||
3.40%, 06/01/25 (a) | 75,000 | 72,624 |
Arizona Public Service Co. | ||
3.15%, 05/15/25 (a) | 125,000 | 119,533 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 160,000 | 153,676 |
3.20%, 04/15/25 (a) | 75,000 | 71,778 |
Berkshire Hathaway Energy Co. | ||
3.50%, 02/01/25 (a) | 30,000 | 29,494 |
4.05%, 04/15/25 (a) | 200,000 | 197,239 |
Black Hills Corp. | ||
3.95%, 01/15/26 (a) | 50,000 | 47,945 |
3.15%, 01/15/27 (a) | 150,000 | 138,927 |
CenterPoint Energy Houston Electric LLC | ||
2.40%, 09/01/26 (a) | 75,000 | 68,895 |
CenterPoint Energy, Inc. | ||
2.50%, 09/01/24 (a) | 100,000 | 96,048 |
1.45%, 06/01/26 (a) | 100,000 | 89,087 |
Cleco Corporate Holdings LLC | ||
3.74%, 05/01/26 (a) | 100,000 | 94,599 |
CMS Energy Corp. | ||
3.00%, 05/15/26 (a) | 100,000 | 93,443 |
Commonwealth Edison Co. | ||
2.55%, 06/15/26 (a) | 125,000 | 116,336 |
Connecticut Light and Power Co. | ||
0.75%, 12/01/25 (a) | 75,000 | 67,192 |
3.20%, 03/15/27 (a) | 225,000 | 211,867 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Constellation Energy Generation LLC | ||
3.25%, 06/01/25 (a) | 150,000 | 143,860 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 (d) | 50,000 | 48,240 |
3.30%, 03/15/25 (a) | 100,000 | 96,137 |
3.90%, 10/01/25 (a) | 125,000 | 121,915 |
1.45%, 04/15/26 (a) | 125,000 | 111,548 |
2.85%, 08/15/26 (a) | 100,000 | 92,558 |
5.75%, 10/01/54 (a)(b) | 100,000 | 94,391 |
DTE Electric Co. | ||
3.65%, 03/15/24 (a) | 100,000 | 98,482 |
3.38%, 03/01/25 (a) | 50,000 | 48,569 |
DTE Energy Co. | ||
2.53%, 10/01/24 (d) | 100,000 | 95,646 |
4.22%, 11/01/24 (d) | 250,000 | 246,283 |
1.05%, 06/01/25 (a) | 150,000 | 135,949 |
2.85%, 10/01/26 (a) | 100,000 | 92,317 |
Duke Energy Carolinas LLC | ||
2.95%, 12/01/26 (a) | 125,000 | 117,984 |
Duke Energy Corp. | ||
3.75%, 04/15/24 (a) | 175,000 | 172,017 |
0.90%, 09/15/25 (a) | 100,000 | 89,593 |
2.65%, 09/01/26 (a) | 250,000 | 231,302 |
3.15%, 08/15/27 (a) | 100,000 | 92,419 |
5.00%, 12/08/27 (a) | 225,000 | 223,903 |
3.25%, 01/15/82 (a)(b) | 75,000 | 55,319 |
Duke Energy Florida LLC | ||
3.20%, 01/15/27 (a) | 50,000 | 47,321 |
Duke Energy Progress LLC | ||
3.25%, 08/15/25 (a) | 100,000 | 96,308 |
Edison International | ||
3.55%, 11/15/24 (a) | 100,000 | 96,713 |
4.95%, 04/15/25 (a) | 90,000 | 88,997 |
4.70%, 08/15/25 | 50,000 | 48,995 |
5.75%, 06/15/27 (a) | 150,000 | 150,648 |
Emera US Finance LP | ||
0.83%, 06/15/24 | 50,000 | 46,865 |
3.55%, 06/15/26 (a) | 175,000 | 164,512 |
Enel Americas S.A. | ||
4.00%, 10/25/26 (a) | 100,000 | 95,171 |
Enel Generacion Chile S.A. | ||
4.25%, 04/15/24 (a) | 100,000 | 98,466 |
Entergy Arkansas LLC | ||
3.70%, 06/01/24 (a) | 92,000 | 90,333 |
Entergy Corp. | ||
0.90%, 09/15/25 (a) | 125,000 | 111,555 |
2.95%, 09/01/26 (a) | 150,000 | 139,777 |
Entergy Louisiana LLC | ||
0.95%, 10/01/24 (a) | 175,000 | 163,132 |
5.59%, 10/01/24 | 100,000 | 101,112 |
5.40%, 11/01/24 | 100,000 | 101,047 |
2.40%, 10/01/26 (a) | 100,000 | 91,094 |
Evergy Metro, Inc. | ||
3.65%, 08/15/25 (a) | 75,000 | 72,846 |
Evergy, Inc. | ||
2.45%, 09/15/24 (a) | 200,000 | 190,241 |
Eversource Energy | ||
2.90%, 10/01/24 (a) | 75,000 | 72,402 |
3.15%, 01/15/25 (a) | 75,000 | 72,363 |
0.80%, 08/15/25 (a) | 50,000 | 44,702 |
1.40%, 08/15/26 (a) | 75,000 | 65,942 |
2.90%, 03/01/27 (a) | 100,000 | 92,277 |
4.60%, 07/01/27 (a) | 100,000 | 98,810 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Exelon Corp. | ||
3.95%, 06/15/25 (a) | 125,000 | 122,260 |
3.40%, 04/15/26 (a) | 150,000 | 142,749 |
2.75%, 03/15/27 (a) | 125,000 | 114,822 |
Florida Power & Light Co. | ||
3.25%, 06/01/24 (a) | 80,000 | 78,204 |
2.85%, 04/01/25 (a) | 200,000 | 191,816 |
3.13%, 12/01/25 (a) | 100,000 | 96,596 |
Fortis, Inc. | ||
3.06%, 10/04/26 (a) | 190,000 | 176,995 |
Georgia Power Co. | ||
2.20%, 09/15/24 (a) | 100,000 | 95,441 |
3.25%, 03/30/27 (a) | 125,000 | 115,766 |
Gulf Power Co. | ||
3.30%, 05/30/27 (a) | 50,000 | 47,197 |
Interstate Power and Light Co. | ||
3.25%, 12/01/24 (a) | 100,000 | 96,736 |
IPALCO Enterprises, Inc. | ||
3.70%, 09/01/24 (a) | 60,000 | 58,232 |
ITC Holdings Corp. | ||
3.65%, 06/15/24 (a) | 75,000 | 73,210 |
3.25%, 06/30/26 (a) | 75,000 | 70,488 |
3.35%, 11/15/27 (a) | 100,000 | 92,222 |
Louisville Gas and Electric Co. | ||
3.30%, 10/01/25 (a) | 100,000 | 95,950 |
MidAmerican Energy Co. | ||
3.50%, 10/15/24 (a) | 125,000 | 122,173 |
3.10%, 05/01/27 (a) | 75,000 | 70,388 |
National Rural Utilities Cooperative Finance Corp. | ||
2.95%, 02/07/24 (a) | 150,000 | 146,770 |
0.35%, 02/08/24 | 100,000 | 95,086 |
2.85%, 01/27/25 (a) | 50,000 | 48,074 |
3.25%, 11/01/25 (a) | 225,000 | 214,735 |
1.00%, 06/15/26 (a) | 100,000 | 88,406 |
3.05%, 04/25/27 (a) | 50,000 | 46,565 |
5.25%, 04/20/46 (a)(b) | 75,000 | 68,087 |
NextEra Energy Capital Holdings, Inc. | ||
4.20%, 06/20/24 | 200,000 | 197,763 |
4.26%, 09/01/24 | 250,000 | 247,103 |
1.88%, 01/15/27 (a) | 300,000 | 265,988 |
3.55%, 05/01/27 (a) | 250,000 | 236,060 |
4.63%, 07/15/27 (a) | 250,000 | 246,704 |
3.80%, 03/15/82 (a)(b) | 100,000 | 81,706 |
Oncor Electric Delivery Co. LLC | ||
2.75%, 06/01/24 (a) | 100,000 | 96,889 |
2.95%, 04/01/25 (a) | 50,000 | 48,019 |
0.55%, 10/01/25 (a) | 75,000 | 67,049 |
Pacific Gas & Electric Co. | ||
3.40%, 08/15/24 (a) | 75,000 | 72,418 |
5.45%, 06/15/27 (a) | 75,000 | 74,435 |
Pacific Gas and Electric Co. | ||
3.75%, 02/15/24 (a) | 100,000 | 97,951 |
3.50%, 06/15/25 (a) | 150,000 | 142,271 |
3.45%, 07/01/25 | 175,000 | 166,275 |
3.15%, 01/01/26 | 325,000 | 302,863 |
2.95%, 03/01/26 (a) | 100,000 | 92,206 |
3.30%, 03/15/27 (a) | 75,000 | 67,277 |
2.10%, 08/01/27 (a) | 100,000 | 85,806 |
3.30%, 12/01/27 (a) | 175,000 | 155,184 |
PacifiCorp | ||
3.60%, 04/01/24 (a) | 50,000 | 49,176 |
PECO Energy Co. | ||
3.15%, 10/15/25 (a) | 50,000 | 48,118 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pinnacle West Capital Corp. | ||
1.30%, 06/15/25 (a) | 100,000 | 91,280 |
PPL Capital Funding, Inc. | ||
3.10%, 05/15/26 (a) | 100,000 | 93,712 |
Public Service Electric & Gas Co. | ||
2.25%, 09/15/26 (a) | 125,000 | 113,997 |
Public Service Enterprise Group, Inc. | ||
2.88%, 06/15/24 (a) | 175,000 | 169,379 |
0.80%, 08/15/25 (a) | 150,000 | 134,958 |
0.95%, 03/15/26 (a) | 100,000 | 88,919 |
5.85%, 11/15/27 (a) | 150,000 | 154,789 |
Puget Energy, Inc. | ||
3.65%, 05/15/25 (a) | 75,000 | 71,737 |
San Diego Gas & Electric Co. | ||
2.50%, 05/15/26 (a) | 125,000 | 116,139 |
Sierra Pacific Power Co. | ||
2.60%, 05/01/26 (a) | 100,000 | 92,933 |
Southern California Edison Co. | ||
1.10%, 04/01/24 (a) | 100,000 | 95,153 |
3.70%, 08/01/25 (a) | 150,000 | 145,428 |
1.20%, 02/01/26 (a) | 100,000 | 88,715 |
5.85%, 11/01/27 (a) | 150,000 | 155,145 |
Southern Co. | ||
0.60%, 02/26/24 (a) | 100,000 | 94,952 |
4.48%, 08/01/24 (d) | 100,000 | 98,840 |
3.25%, 07/01/26 (a) | 275,000 | 259,205 |
5.11%, 08/01/27 | 150,000 | 149,833 |
4.00%, 01/15/51 (a)(b) | 200,000 | 182,277 |
3.75%, 09/15/51 (a)(b) | 150,000 | 121,643 |
Southern Power Co. | ||
4.15%, 12/01/25 (a) | 75,000 | 73,672 |
0.90%, 01/15/26 (a) | 75,000 | 66,108 |
Southwestern Electric Power Co. | ||
1.65%, 03/15/26 (a) | 150,000 | 134,597 |
2.75%, 10/01/26 (a) | 125,000 | 114,891 |
The Cleveland Electric Illuminating Co. | ||
5.50%, 08/15/24 | 50,000 | 50,303 |
Tucson Electric Power Co. | ||
3.05%, 03/15/25 (a) | 50,000 | 47,945 |
Virginia Electric & Power Co. | ||
3.75%, 05/15/27 (a) | 100,000 | 95,743 |
Virginia Electric and Power Co. | ||
3.10%, 05/15/25 (a) | 100,000 | 96,175 |
3.15%, 01/15/26 (a) | 150,000 | 143,279 |
2.95%, 11/15/26 (a) | 100,000 | 93,711 |
3.50%, 03/15/27 (a) | 150,000 | 142,255 |
WEC Energy Group, Inc. | ||
0.80%, 03/15/24 (a) | 125,000 | 118,556 |
5.15%, 10/01/27 (a) | 100,000 | 101,460 |
1.38%, 10/15/27 (a) | 100,000 | 85,143 |
Wisconsin Electric Power Co. | ||
2.05%, 12/15/24 (a) | 50,000 | 47,371 |
Xcel Energy, Inc. | ||
3.30%, 06/01/25 (a) | 100,000 | 96,094 |
3.35%, 12/01/26 (a) | 75,000 | 70,698 |
1.75%, 03/15/27 (a) | 100,000 | 87,863 |
17,066,686 | ||
Natural Gas 0.4% | ||
Atmos Energy Corp. | ||
3.00%, 06/15/27 (a) | 100,000 | 93,452 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
NiSource, Inc. | ||
0.95%, 08/15/25 (a) | 200,000 | 180,567 |
3.49%, 05/15/27 (a) | 200,000 | 189,171 |
ONE Gas, Inc. | ||
3.61%, 02/01/24 (a) | 50,000 | 49,179 |
1.10%, 03/11/24 (a) | 84,000 | 80,595 |
Sempra Energy | ||
3.30%, 04/01/25 (a) | 100,000 | 96,132 |
3.25%, 06/15/27 (a) | 150,000 | 139,065 |
4.13%, 04/01/52 (a)(b) | 150,000 | 118,739 |
Southern California Gas Co. | ||
3.15%, 09/15/24 (a) | 100,000 | 97,352 |
3.20%, 06/15/25 (a) | 100,000 | 96,639 |
2.60%, 06/15/26 (a) | 100,000 | 92,893 |
2.95%, 04/15/27 (a) | 100,000 | 92,554 |
Southern Co. Gas Capital Corp. | ||
3.25%, 06/15/26 (a) | 75,000 | 70,318 |
1,396,656 | ||
Utility Other 0.0% | ||
American Water Capital Corp. | ||
3.85%, 03/01/24 (a) | 60,000 | 59,110 |
3.40%, 03/01/25 (a) | 85,000 | 82,465 |
2.95%, 09/01/27 (a) | 100,000 | 92,468 |
234,043 | ||
18,697,385 | ||
Total Corporates (Cost $392,956,899) | 367,307,445 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.3% OF NET ASSETS | ||
Money Market Funds 0.3% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (g) | 1,108,233 | 1,108,233 |
Total Short-Term Investments (Cost $1,108,233) | 1,108,233 | |
Total Investments in Securities (Cost $394,065,132) | 368,415,678 |
NUMBER OF CONTRACTS | NOTIONAL AMOUNT ($) | CURRENT VALUE/ UNREALIZED APPRECIATION ($) | |
FUTURES CONTRACTS | |||
Short | |||
5 Year US Treasury Note (CBOT), expires 03/31/23 | (1) | (107,930) | 77 |
(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 $3,678,742 or 1.0% of net assets. |
(d) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(e) | Issuer is affiliated with the fund’s investment adviser. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | The rate shown is the annualized 7-day yield. |
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 12/31/22 | FACE AMOUNT AT 12/31/22 | INTEREST INCOME EARNED |
CORPORATES 0.3% OF NET ASSETS | |||||||||
Financial Institutions 0.3% | |||||||||
Brokerage/Asset Managers/Exchanges 0.3% | |||||||||
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) | (1,707) | (2,406) | 69,077 | 70,000 | 2,767 |
0.75%, 03/18/24 | 398,276 | — | (171,293) | (4,485) | (7,902) | (609) | 213,987 | 225,000 | 1,895 |
3.75%, 04/01/24 | 58,077 | — | (25,216) | (1,721) | 177 | (1,749) | 29,568 | 30,000 | 1,677 |
3.00%, 03/10/25 | — | 23,719 | — | — | 266 | 78 | 24,063 | 25,000 | 110 |
4.20%, 03/24/25 | 163,233 | — | (79,140) | (3,084) | (3,780) | (3,021) | 74,208 | 75,000 | 3,774 |
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 12/31/22 | FACE AMOUNT AT 12/31/22 | INTEREST INCOME EARNED |
3.63%, 04/01/25 | $53,334 | $— | $— | $— | ($3,393) | ($1,182) | $48,759 | $50,000 | $1,813 |
3.85%, 05/21/25 | 215,662 | — | (109,821) | (4,064) | (5,512) | (3,452) | 92,813 | 95,000 | 4,546 |
3.45%, 02/13/26 | 32,220 | — | — | — | (2,483) | (654) | 29,083 | 30,000 | 1,034 |
0.90%, 03/11/26 | 293,394 | — | (117,681) | (6,743) | (14,003) | 201 | 155,168 | 175,000 | 1,842 |
1.15%, 05/13/26 | 247,037 | — | (95,436) | (4,873) | (13,127) | (120) | 133,481 | 150,000 | 1,898 |
3.20%, 03/02/27 | — | 100,452 | (48,445) | (1,762) | (3,094) | (53) | 47,098 | 50,000 | 1,827 |
2.45%, 03/03/27 | — | 194,305 | — | — | (12,079) | 810 | 183,036 | 200,000 | 3,634 |
3.30%, 04/01/27 | — | 49,570 | — | — | (2,184) | 48 | 47,434 | 50,000 | 958 |
Total | $1,745,515 | $368,046 | ($856,055) | ($28,752) | ($68,586) | ($12,393) | $1,147,775 | $28,117 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $367,307,445 | $— | $367,307,445 |
Short-Term Investments1 | 1,108,233 | — | — | 1,108,233 |
Futures Contracts2 | 77 | — | — | 77 |
Total | $1,108,310 | $367,307,445 | $— | $368,415,755 |
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 $1,239,945) | $1,147,775 | |
Investments in securities, at value - unaffiliated (cost $392,825,187) | 367,267,903 | |
Deposit with broker for futures contracts | 58,500 | |
Receivables: | ||
Investments sold | 3,994,555 | |
Interest | 3,280,474 | |
Variation margin on future contracts | 8,382 | |
Dividends | 2,880 | |
Foreign tax reclaims | + | 2,037 |
Total assets | 375,762,506 | |
Liabilities | ||
Payables: | ||
Investments bought | 4,881,368 | |
Management fees | + | 9,195 |
Total liabilities | 4,890,563 | |
Net assets | $370,871,943 | |
Net Assets by Source | ||
Capital received from investors | $398,599,778 | |
Total distributable loss | + | (27,727,835) |
Net assets | $370,871,943 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$370,871,943 | 7,900,000 | $46.95 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $6,201,548 | |
Dividends received from securities - unaffiliated | 19,418 | |
Interest received from securities - affiliated | 15,724 | |
Securities on loan, net | + | 2,875 |
Total investment income | 6,239,565 | |
Expenses | ||
Management fees | 139,110 | |
Proxy fees1 | + | 11,494 |
Total expenses | – | 150,604 |
Net investment income | 6,088,961 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (28,752) | |
Net realized losses on sales of securities - unaffiliated | (1,998,284) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (9,075,617) | |
Net realized losses on futures contracts | + | (7,864) |
Net realized losses | (11,110,517) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (68,586) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (20,680,348) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 1,176 |
Net change in unrealized appreciation (depreciation) | + | (20,747,758) |
Net realized and unrealized losses | (31,858,275) | |
Decrease in net assets resulting from operations | ($25,769,314) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $6,088,961 | $5,118,178 | |
Net realized gains (losses) | (11,110,517) | 685,257 | |
Net change in unrealized appreciation (depreciation) | + | (20,747,758) | (8,072,331) |
Decrease in net assets from operations | ($25,769,314) | ($2,268,896) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($6,101,610) | ($5,031,370) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 2,400,000 | $114,378,641 | 13,350,000 | $682,272,042 | |
Shares redeemed | + | (6,550,000) | (321,039,478) | (3,600,000) | (183,713,833) |
Net transactions in fund shares | (4,150,000) | ($206,660,837) | 9,750,000 | $498,558,209 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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) | + | (4,150,000) | (238,531,761) | 9,750,000 | 491,257,943 |
End of period | 7,900,000 | $370,871,943 | 12,050,000 | $609,403,704 |
1/1/22– 12/31/22 | 1/1/21– 12/31/21 | 1/1/20– 12/31/20 | 10/10/191– 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 | 1.35 | 1.02 | 1.26 | 0.29 | ||
Net realized and unrealized gains (losses) | (8.55) | (1.98) | 3.60 | 0.04 | ||
Total from investment operations | (7.20) | (0.96) | 4.86 | 0.33 | ||
Less distributions: | ||||||
Distributions from net investment income | (1.34) | (1.00) | (1.24) | (0.26) | ||
Net asset value at end of period | $43.19 | $51.73 | $53.69 | $50.07 | ||
Total return | (14.00%) | (1.80%) | 9.83% | 0.67%3 | ||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.04%4,5 | 0.05%6 | 0.05% | 0.06%7,8 | ||
Net investment income (loss) | 2.97% | 1.96% | 2.43% | 2.61%7 | ||
Portfolio turnover rate9 | 10% | 11% | 36% | 8%3 | ||
Net assets, end of period (x 1,000) | $328,276 | $375,055 | $190,584 | $110,151 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Effective July 1, 2022, the annual operating expense ratio was reduced to 0.03%. The ratio presented for the period ended 12/31/22 is a blended ratio (see financial note 4 for additional information). |
5 | Ratio includes less than 0.005% of non-routine proxy expenses. |
6 | Effective December 20, 2021, the annual operating expense ratio was reduced to 0.04%. The ratio presented for period ended 12/31/21 is a blended ratio. |
7 | Annualized. |
8 | Effective December 13, 2019, the annual operating expense ratio was reduced to 0.05%. The ratio presented for the period ended 12/31/19 is a blended ratio. |
9 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 99.0% OF NET ASSETS | ||
Financial Institutions 36.0% | ||
Banking 22.9% | ||
Ally Financial, Inc. | ||
2.20%, 11/02/28 (a) | 125,000 | 97,842 |
8.00%, 11/01/31 | 550,000 | 569,659 |
American Express Co. | ||
4.05%, 05/03/29 (a) | 200,000 | 191,245 |
4.99%, 05/26/33 (a)(b) | 150,000 | 144,925 |
4.42%, 08/03/33 (a)(b) | 275,000 | 261,039 |
Banco Santander S.A. | ||
3.80%, 02/23/28 | 200,000 | 181,998 |
4.38%, 04/12/28 | 200,000 | 188,146 |
3.31%, 06/27/29 | 200,000 | 175,179 |
3.49%, 05/28/30 | 200,000 | 169,317 |
2.75%, 12/03/30 | 200,000 | 153,315 |
2.96%, 03/25/31 | 200,000 | 160,681 |
3.23%, 11/22/32 (a)(b) | 200,000 | 151,746 |
Bank of America Corp. | ||
3.97%, 03/05/29 (a)(b) | 475,000 | 439,348 |
2.09%, 06/14/29 (a)(b) | 650,000 | 547,296 |
4.27%, 07/23/29 (a)(b) | 600,000 | 561,450 |
3.97%, 02/07/30 (a)(b) | 605,000 | 550,173 |
3.19%, 07/23/30 (a)(b) | 495,000 | 427,014 |
2.88%, 10/22/30 (a)(b) | 400,000 | 336,576 |
2.50%, 02/13/31 (a)(b) | 700,000 | 569,474 |
2.59%, 04/29/31 (a)(b) | 600,000 | 490,174 |
1.90%, 07/23/31 (a)(b) | 550,000 | 424,075 |
1.92%, 10/24/31 (a)(b) | 500,000 | 382,138 |
2.65%, 03/11/32 (a)(b) | 425,000 | 340,916 |
2.69%, 04/22/32 (a)(b) | 900,000 | 721,555 |
2.30%, 07/21/32 (a)(b) | 750,000 | 578,188 |
2.57%, 10/20/32 (a)(b) | 650,000 | 510,691 |
2.97%, 02/04/33 (a)(b) | 750,000 | 605,699 |
4.57%, 04/27/33 (a)(b) | 800,000 | 734,450 |
5.02%, 07/22/33 (a)(b) | 1,000,000 | 949,699 |
2.48%, 09/21/36 (a)(b) | 475,000 | 351,160 |
3.85%, 03/08/37 (a)(b) | 500,000 | 414,624 |
Bank of Montreal | ||
3.09%, 01/10/37 (a)(b) | 275,000 | 209,025 |
Bank of New York Mellon Corp. | ||
3.40%, 01/29/28 (a) | 50,000 | 46,643 |
3.85%, 04/28/28 | 200,000 | 192,306 |
1.65%, 07/14/28 (a) | 100,000 | 84,897 |
3.00%, 10/30/28 (a) | 100,000 | 89,360 |
1.90%, 01/25/29 (a) | 75,000 | 62,822 |
3.85%, 04/26/29 (a) | 50,000 | 46,624 |
3.30%, 08/23/29 (a) | 175,000 | 157,178 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.60%, 07/26/30 (a)(b) | 50,000 | 48,791 |
1.65%, 01/28/31 (a) | 100,000 | 78,191 |
1.80%, 07/28/31 (a) | 100,000 | 77,648 |
2.50%, 01/26/32 (a) | 125,000 | 101,807 |
4.29%, 06/13/33 (a)(b) | 200,000 | 187,694 |
5.83%, 10/25/33 (a)(b) | 300,000 | 312,622 |
Bank of Nova Scotia | ||
2.15%, 08/01/31 | 125,000 | 99,421 |
2.45%, 02/02/32 | 175,000 | 141,103 |
4.59%, 05/04/37 (a)(b) | 250,000 | 213,655 |
BankUnited, Inc. | ||
5.13%, 06/11/30 (a) | 75,000 | 69,446 |
Barclays PLC | ||
4.34%, 01/10/28 (a) | 200,000 | 186,226 |
4.84%, 05/09/28 (a) | 450,000 | 415,479 |
4.97%, 05/16/29 (a)(b) | 250,000 | 235,684 |
5.09%, 06/20/30 (a)(b) | 400,000 | 369,471 |
2.65%, 06/24/31 (a)(b) | 250,000 | 195,504 |
2.67%, 03/10/32 (a)(b) | 300,000 | 229,664 |
2.89%, 11/24/32 (a)(b) | 200,000 | 152,613 |
5.75%, 08/09/33 (a)(b) | 300,000 | 284,263 |
7.44%, 11/02/33 (a)(b) | 200,000 | 210,829 |
3.56%, 09/23/35 (a)(b) | 250,000 | 191,924 |
Canadian Imperial Bank of Commerce | ||
3.60%, 04/07/32 (a) | 200,000 | 176,706 |
Capital One Financial Corp. | ||
3.80%, 01/31/28 (a) | 300,000 | 281,477 |
3.27%, 03/01/30 (a)(b) | 200,000 | 171,903 |
5.25%, 07/26/30 (a)(b) | 175,000 | 167,420 |
2.36%, 07/29/32 (a)(b) | 200,000 | 144,214 |
2.62%, 11/02/32 (a)(b) | 150,000 | 115,779 |
5.27%, 05/10/33 (a)(b) | 250,000 | 232,490 |
Citigroup, Inc. | ||
6.63%, 01/15/28 | 100,000 | 107,453 |
4.13%, 07/25/28 | 500,000 | 466,734 |
4.08%, 04/23/29 (a)(b) | 375,000 | 346,165 |
3.98%, 03/20/30 (a)(b) | 475,000 | 429,424 |
2.98%, 11/05/30 (a)(b) | 450,000 | 378,642 |
2.67%, 01/29/31 (a)(b) | 450,000 | 369,766 |
4.41%, 03/31/31 (a)(b) | 800,000 | 736,390 |
2.57%, 06/03/31 (a)(b) | 700,000 | 566,844 |
2.56%, 05/01/32 (a)(b) | 600,000 | 474,368 |
6.63%, 06/15/32 | 225,000 | 236,816 |
2.52%, 11/03/32 (a)(b) | 350,000 | 272,256 |
3.06%, 01/25/33 (a)(b) | 600,000 | 485,603 |
3.79%, 03/17/33 (a)(b) | 650,000 | 558,339 |
4.91%, 05/24/33 (a)(b) | 500,000 | 469,948 |
6.27%, 11/17/33 (a)(b) | 450,000 | 464,905 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Citizens Financial Group, Inc. | ||
2.50%, 02/06/30 (a) | 125,000 | 101,131 |
3.25%, 04/30/30 (a) | 175,000 | 152,430 |
Comerica, Inc. | ||
4.00%, 02/01/29 (a) | 250,000 | 234,913 |
Credit Suisse USA, Inc. | ||
7.13%, 07/15/32 | 150,000 | 152,405 |
Deutsche Bank AG | ||
3.55%, 09/18/31 (a)(b) | 325,000 | 261,537 |
3.73%, 01/14/32 (a)(b) | 300,000 | 221,324 |
3.04%, 05/28/32 (a)(b) | 250,000 | 190,072 |
3.74%, 01/07/33 (a)(b) | 300,000 | 215,245 |
Discover Bank | ||
2.70%, 02/06/30 (a) | 250,000 | 200,759 |
Discover Financial Services | ||
6.70%, 11/29/32 (a) | 150,000 | 152,788 |
Fifth Third Bancorp | ||
4.77%, 07/28/30 (a)(b) | 250,000 | 238,924 |
4.34%, 04/25/33 (a)(b) | 150,000 | 137,567 |
First Horizon Bank | ||
5.75%, 05/01/30 (a) | 125,000 | 121,232 |
First-Citizens Bank & Trust Co. | ||
6.13%, 03/09/28 | 75,000 | 76,772 |
Goldman Sachs Group, Inc. | ||
3.81%, 04/23/29 (a)(b) | 490,000 | 446,711 |
4.22%, 05/01/29 (a)(b) | 700,000 | 652,407 |
2.60%, 02/07/30 (a) | 425,000 | 355,170 |
3.80%, 03/15/30 (a) | 500,000 | 449,784 |
1.99%, 01/27/32 (a)(b) | 500,000 | 381,202 |
2.62%, 04/22/32 (a)(b) | 750,000 | 598,515 |
2.38%, 07/21/32 (a)(b) | 800,000 | 621,179 |
2.65%, 10/21/32 (a)(b) | 625,000 | 493,763 |
3.10%, 02/24/33 (a)(b) | 800,000 | 653,430 |
HSBC Holdings PLC | ||
4.58%, 06/19/29 (a)(b) | 700,000 | 645,548 |
2.21%, 08/17/29 (a)(b) | 325,000 | 263,153 |
4.95%, 03/31/30 | 400,000 | 382,775 |
3.97%, 05/22/30 (a)(b) | 600,000 | 525,779 |
2.85%, 06/04/31 (a)(b) | 350,000 | 280,178 |
2.36%, 08/18/31 (a)(b) | 350,000 | 268,595 |
2.80%, 05/24/32 (a)(b) | 650,000 | 503,121 |
2.87%, 11/22/32 (a)(b) | 350,000 | 268,814 |
4.76%, 03/29/33 (a)(b) | 500,000 | 433,840 |
5.40%, 08/11/33 (a)(b) | 500,000 | 465,496 |
8.11%, 11/03/33 (a)(b) | 200,000 | 212,335 |
Huntington Bancshares, Inc. | ||
2.55%, 02/04/30 (a) | 225,000 | 185,668 |
5.02%, 05/17/33 (a)(b) | 100,000 | 95,285 |
2.49%, 08/15/36 (a)(b) | 165,000 | 119,927 |
ING Groep N.V. | ||
4.55%, 10/02/28 | 200,000 | 191,145 |
4.05%, 04/09/29 | 200,000 | 184,546 |
2.73%, 04/01/32 (a)(b) | 200,000 | 159,600 |
4.25%, 03/28/33 (a)(b) | 200,000 | 176,976 |
JPMorgan Chase & Co. | ||
3.51%, 01/23/29 (a)(b) | 500,000 | 454,265 |
4.01%, 04/23/29 (a)(b) | 450,000 | 417,189 |
2.07%, 06/01/29 (a)(b) | 450,000 | 376,473 |
4.20%, 07/23/29 (a)(b) | 500,000 | 466,735 |
4.45%, 12/05/29 (a)(b) | 500,000 | 471,018 |
3.70%, 05/06/30 (a)(b) | 500,000 | 448,710 |
4.57%, 06/14/30 (a)(b) | 400,000 | 378,240 |
8.75%, 09/01/30 | 100,000 | 116,256 |
2.74%, 10/15/30 (a)(b) | 755,000 | 634,515 |
4.49%, 03/24/31 (a)(b) | 575,000 | 538,918 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.52%, 04/22/31 (a)(b) | 575,000 | 471,245 |
2.96%, 05/13/31 (a)(b) | 600,000 | 495,355 |
1.76%, 11/19/31 (a)(b) | 300,000 | 227,979 |
1.95%, 02/04/32 (a)(b) | 600,000 | 460,638 |
2.58%, 04/22/32 (a)(b) | 700,000 | 561,490 |
2.55%, 11/08/32 (a)(b) | 600,000 | 474,767 |
2.96%, 01/25/33 (a)(b) | 700,000 | 570,588 |
4.59%, 04/26/33 (a)(b) | 550,000 | 510,361 |
4.91%, 07/25/33 (a)(b) | 850,000 | 809,547 |
5.72%, 09/14/33 (a)(b) | 675,000 | 664,292 |
KeyBank NA | ||
4.90%, 08/08/32 | 250,000 | 231,543 |
KeyCorp | ||
4.10%, 04/30/28 | 150,000 | 142,979 |
2.55%, 10/01/29 | 150,000 | 126,653 |
4.79%, 06/01/33 (a)(b) | 150,000 | 142,255 |
Lloyds Banking Group PLC | ||
4.38%, 03/22/28 | 400,000 | 379,653 |
4.55%, 08/16/28 | 400,000 | 375,373 |
4.98%, 08/11/33 (a)(b) | 300,000 | 276,051 |
Mitsubishi UFJ Financial Group, Inc. | ||
3.96%, 03/02/28 | 300,000 | 284,311 |
4.05%, 09/11/28 | 200,000 | 190,164 |
3.74%, 03/07/29 | 325,000 | 300,837 |
3.20%, 07/18/29 | 325,000 | 285,133 |
2.56%, 02/25/30 | 200,000 | 165,918 |
2.05%, 07/17/30 | 200,000 | 158,102 |
2.31%, 07/20/32 (a)(b) | 400,000 | 308,900 |
2.49%, 10/13/32 (a)(b) | 200,000 | 156,141 |
2.85%, 01/19/33 (a)(b) | 275,000 | 219,481 |
4.32%, 04/19/33 (a)(b) | 200,000 | 180,605 |
5.13%, 07/20/33 (a)(b) | 300,000 | 287,665 |
Mizuho Financial Group, Inc. | ||
4.02%, 03/05/28 | 200,000 | 189,074 |
3.26%, 05/22/30 (a)(b) | 200,000 | 173,482 |
3.15%, 07/16/30 (a)(b) | 200,000 | 171,384 |
2.87%, 09/13/30 (a)(b) | 125,000 | 104,636 |
2.59%, 05/25/31 (a)(b) | 200,000 | 161,786 |
2.20%, 07/10/31 (a)(b) | 300,000 | 234,893 |
2.56%, 09/13/31 | 200,000 | 153,564 |
2.26%, 07/09/32 (a)(b) | 225,000 | 172,368 |
5.67%, 09/13/33 (a)(b) | 200,000 | 198,951 |
Morgan Stanley | ||
3.77%, 01/24/29 (a)(b) | 583,000 | 534,760 |
4.43%, 01/23/30 (a)(b) | 580,000 | 542,184 |
2.70%, 01/22/31 (a)(b) | 700,000 | 580,088 |
3.62%, 04/01/31 (a)(b) | 600,000 | 525,440 |
1.79%, 02/13/32 (a)(b) | 550,000 | 413,346 |
7.25%, 04/01/32 | 200,000 | 225,081 |
1.93%, 04/28/32 (a)(b) | 550,000 | 416,278 |
2.24%, 07/21/32 (a)(b) | 700,000 | 536,992 |
2.51%, 10/20/32 (a)(b) | 525,000 | 410,829 |
2.94%, 01/21/33 (a)(b) | 500,000 | 405,934 |
4.89%, 07/20/33 (a)(b) | 375,000 | 352,931 |
6.34%, 10/18/33 (a)(b) | 575,000 | 602,175 |
2.48%, 09/16/36 (a)(b) | 600,000 | 438,214 |
5.30%, 04/20/37 (a)(b) | 450,000 | 412,280 |
Natwest Group PLC | ||
4.89%, 05/18/29 (a)(b) | 375,000 | 353,983 |
5.08%, 01/27/30 (a)(b) | 250,000 | 235,826 |
4.45%, 05/08/30 (a)(b) | 250,000 | 227,375 |
3.03%, 11/28/35 (a)(b) | 225,000 | 166,503 |
Northern Trust Corp. | ||
3.65%, 08/03/28 (a) | 125,000 | 119,088 |
3.15%, 05/03/29 (a) | 100,000 | 90,920 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
1.95%, 05/01/30 (a) | 200,000 | 164,724 |
6.13%, 11/02/32 (a) | 200,000 | 211,908 |
PNC Bank NA | ||
4.05%, 07/26/28 | 250,000 | 236,191 |
2.70%, 10/22/29 | 250,000 | 211,645 |
PNC Financial Services Group, Inc. | ||
3.45%, 04/23/29 (a) | 400,000 | 366,989 |
2.55%, 01/22/30 (a) | 390,000 | 331,868 |
2.31%, 04/23/32 (a)(b) | 175,000 | 142,060 |
4.63%, 06/06/33 (a)(b) | 250,000 | 231,833 |
6.04%, 10/28/33 (a)(b) | 200,000 | 209,348 |
Regions Financial Corp. | ||
1.80%, 08/12/28 (a) | 125,000 | 106,306 |
Royal Bank of Canada | ||
2.30%, 11/03/31 | 300,000 | 241,090 |
3.88%, 05/04/32 | 200,000 | 182,737 |
Santander UK Group Holdings PLC | ||
2.90%, 03/15/32 (a)(b) | 200,000 | 154,883 |
State Street Corp. | ||
4.14%, 12/03/29 (a)(b) | 100,000 | 94,792 |
2.40%, 01/24/30 | 200,000 | 170,252 |
2.20%, 03/03/31 | 175,000 | 140,272 |
3.15%, 03/30/31 (a)(b) | 100,000 | 88,034 |
4.42%, 05/13/33 (a)(b) | 150,000 | 141,758 |
4.16%, 08/04/33 (a)(b) | 150,000 | 138,704 |
3.03%, 11/01/34 (a)(b) | 125,000 | 105,556 |
Sumitomo Mitsui Financial Group, Inc. | ||
3.54%, 01/17/28 | 75,000 | 69,717 |
1.90%, 09/17/28 | 400,000 | 330,861 |
4.31%, 10/16/28 | 100,000 | 94,242 |
2.47%, 01/14/29 | 200,000 | 168,904 |
3.04%, 07/16/29 | 500,000 | 434,031 |
3.20%, 09/17/29 | 150,000 | 129,969 |
2.72%, 09/27/29 | 200,000 | 168,829 |
2.75%, 01/15/30 | 300,000 | 252,047 |
2.13%, 07/08/30 | 200,000 | 158,798 |
2.14%, 09/23/30 | 150,000 | 116,008 |
1.71%, 01/12/31 | 200,000 | 150,691 |
2.22%, 09/17/31 | 200,000 | 154,629 |
SVB Financial Group | ||
2.10%, 05/15/28 (a) | 100,000 | 83,358 |
3.13%, 06/05/30 (a) | 100,000 | 82,407 |
1.80%, 02/02/31 (a) | 75,000 | 54,651 |
4.57%, 04/29/33 (a)(b) | 100,000 | 88,364 |
Synchrony Financial | ||
5.15%, 03/19/29 (a) | 135,000 | 127,873 |
2.88%, 10/28/31 (a) | 175,000 | 130,770 |
Toronto-Dominion Bank | ||
2.00%, 09/10/31 | 175,000 | 137,953 |
2.45%, 01/12/32 | 125,000 | 101,226 |
3.20%, 03/10/32 | 325,000 | 280,702 |
4.46%, 06/08/32 | 400,000 | 381,074 |
Truist Bank | ||
2.25%, 03/11/30 (a) | 250,000 | 202,368 |
Truist Financial Corp. | ||
3.88%, 03/19/29 (a) | 125,000 | 115,386 |
1.89%, 06/07/29 (a)(b) | 200,000 | 168,749 |
1.95%, 06/05/30 (a) | 150,000 | 120,864 |
4.92%, 07/28/33 (a)(b) | 200,000 | 188,159 |
6.12%, 10/28/33 (a)(b) | 150,000 | 157,796 |
US Bancorp | ||
3.90%, 04/26/28 (a) | 150,000 | 144,048 |
3.00%, 07/30/29 (a) | 200,000 | 176,120 |
1.38%, 07/22/30 (a) | 250,000 | 194,203 |
2.68%, 01/27/33 (a)(b) | 200,000 | 165,342 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.97%, 07/22/33 (a)(b) | 275,000 | 261,922 |
5.85%, 10/21/33 (a)(b) | 300,000 | 312,449 |
2.49%, 11/03/36 (a)(b) | 250,000 | 190,964 |
Webster Financial Corp. | ||
4.10%, 03/25/29 (a) | 100,000 | 91,068 |
Wells Fargo & Co. | ||
4.15%, 01/24/29 (a) | 552,000 | 519,653 |
7.95%, 11/15/29 | 25,000 | 27,419 |
2.88%, 10/30/30 (a)(b) | 700,000 | 596,382 |
2.57%, 02/11/31 (a)(b) | 600,000 | 497,712 |
4.48%, 04/04/31 (a)(b) | 500,000 | 468,966 |
3.35%, 03/02/33 (a)(b) | 800,000 | 674,807 |
4.90%, 07/25/33 (a)(b) | 850,000 | 806,874 |
Westpac Banking Corp. | ||
3.40%, 01/25/28 | 200,000 | 187,559 |
1.95%, 11/20/28 | 200,000 | 170,657 |
2.65%, 01/16/30 | 170,000 | 147,852 |
2.15%, 06/03/31 | 225,000 | 187,094 |
5.41%, 08/10/33 (a)(b) | 200,000 | 187,454 |
4.11%, 07/24/34 (a)(b) | 300,000 | 257,581 |
2.67%, 11/15/35 (a)(b) | 325,000 | 241,735 |
3.02%, 11/18/36 (a)(b) | 200,000 | 148,644 |
Wintrust Financial Corp. | ||
4.85%, 06/06/29 | 75,000 | 68,167 |
Zions Bancorp NA | ||
3.25%, 10/29/29 (a) | 200,000 | 164,176 |
75,317,299 | ||
Brokerage/Asset Managers/Exchanges 1.9% | ||
Affiliated Managers Group, Inc. | ||
3.30%, 06/15/30 (a) | 100,000 | 84,041 |
Ameriprise Financial, Inc. | ||
4.50%, 05/13/32 (a) | 100,000 | 96,915 |
BlackRock, Inc. | ||
3.25%, 04/30/29 (a) | 225,000 | 208,304 |
2.40%, 04/30/30 (a) | 225,000 | 192,407 |
1.90%, 01/28/31 (a) | 300,000 | 243,204 |
2.10%, 02/25/32 (a) | 100,000 | 80,469 |
Brookfield Finance I UK PLC | ||
2.34%, 01/30/32 (a) | 150,000 | 114,394 |
Brookfield Finance, Inc. | ||
3.90%, 01/25/28 (a) | 215,000 | 198,246 |
4.85%, 03/29/29 (a) | 175,000 | 167,546 |
4.35%, 04/15/30 (a) | 135,000 | 122,879 |
2.72%, 04/15/31 (a) | 100,000 | 80,187 |
Cboe Global Markets, Inc. | ||
1.63%, 12/15/30 (a) | 100,000 | 78,049 |
3.00%, 03/16/32 (a) | 75,000 | 62,756 |
CI Financial Corp. | ||
3.20%, 12/17/30 (a) | 200,000 | 152,403 |
CME Group, Inc. | ||
3.75%, 06/15/28 (a) | 100,000 | 96,615 |
2.65%, 03/15/32 (a) | 150,000 | 126,038 |
E*TRADE Financial Corp. | ||
4.50%, 06/20/28 (a) | 100,000 | 97,686 |
Franklin Resources, Inc. | ||
1.60%, 10/30/30 (a) | 200,000 | 154,237 |
Intercontinental Exchange, Inc. | ||
3.75%, 09/21/28 (a) | 116,000 | 109,862 |
4.35%, 06/15/29 (a) | 250,000 | 242,177 |
2.10%, 06/15/30 (a) | 300,000 | 245,352 |
1.85%, 09/15/32 (a) | 300,000 | 226,054 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Jefferies Financial Group, Inc. | ||
4.15%, 01/23/30 | 200,000 | 178,959 |
2.63%, 10/15/31 (a) | 200,000 | 153,780 |
2.75%, 10/15/32 (a) | 125,000 | 94,308 |
Lazard Group LLC | ||
4.50%, 09/19/28 (a) | 100,000 | 92,952 |
4.38%, 03/11/29 (a) | 110,000 | 101,848 |
Nasdaq, Inc. | ||
1.65%, 01/15/31 (a) | 125,000 | 95,862 |
Nomura Holdings, Inc. | ||
2.17%, 07/14/28 | 200,000 | 165,501 |
5.61%, 07/06/29 | 200,000 | 196,466 |
3.10%, 01/16/30 | 300,000 | 250,037 |
2.68%, 07/16/30 | 200,000 | 160,433 |
2.61%, 07/14/31 | 200,000 | 154,683 |
3.00%, 01/22/32 | 200,000 | 157,764 |
Raymond James Financial, Inc. | ||
4.65%, 04/01/30 (a) | 100,000 | 96,504 |
Stifel Financial Corp. | ||
4.00%, 05/15/30 (a) | 100,000 | 86,953 |
The Charles Schwab Corp. | ||
3.20%, 01/25/28 (a)(c) | 100,000 | 93,366 |
2.00%, 03/20/28 (a)(c) | 250,000 | 219,822 |
4.00%, 02/01/29 (a)(c) | 100,000 | 95,256 |
3.25%, 05/22/29 (a)(c) | 105,000 | 95,357 |
2.75%, 10/01/29 (a)(c) | 75,000 | 65,514 |
4.63%, 03/22/30 (a)(c) | 75,000 | 73,735 |
1.65%, 03/11/31 (a)(c) | 125,000 | 97,482 |
2.30%, 05/13/31 (a)(c) | 125,000 | 102,387 |
1.95%, 12/01/31 (a)(c) | 160,000 | 125,647 |
2.90%, 03/03/32 (a)(c) | 195,000 | 165,959 |
6,300,396 | ||
Finance Companies 1.0% | ||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
3.88%, 01/23/28 (a) | 150,000 | 135,541 |
3.00%, 10/29/28 (a) | 750,000 | 630,483 |
3.30%, 01/30/32 (a) | 775,000 | 606,206 |
Air Lease Corp. | ||
2.10%, 09/01/28 (a) | 100,000 | 81,795 |
4.63%, 10/01/28 (a) | 100,000 | 93,787 |
3.25%, 10/01/29 (a) | 135,000 | 115,287 |
3.00%, 02/01/30 (a) | 100,000 | 83,758 |
3.13%, 12/01/30 (a) | 125,000 | 103,773 |
2.88%, 01/15/32 (a) | 150,000 | 119,775 |
Ares Capital Corp. | ||
2.88%, 06/15/28 (a) | 250,000 | 201,356 |
3.20%, 11/15/31 (a) | 150,000 | 110,473 |
Blackstone Private Credit Fund | ||
4.00%, 01/15/29 (a) | 125,000 | 103,393 |
Blackstone Secured Lending Fund | ||
2.85%, 09/30/28 (a) | 125,000 | 97,826 |
FS KKR Capital Corp. | ||
3.13%, 10/12/28 (a) | 150,000 | 121,651 |
GATX Corp. | ||
3.50%, 03/15/28 (a) | 75,000 | 68,108 |
4.55%, 11/07/28 (a) | 50,000 | 47,445 |
4.70%, 04/01/29 (a) | 75,000 | 71,666 |
4.00%, 06/30/30 (a) | 100,000 | 89,225 |
1.90%, 06/01/31 (a) | 100,000 | 74,921 |
3.50%, 06/01/32 (a) | 50,000 | 41,721 |
Owl Rock Capital Corp. | ||
2.88%, 06/11/28 (a) | 175,000 | 138,676 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Prospect Capital Corp. | ||
3.44%, 10/15/28 (a) | 75,000 | 58,254 |
3,195,120 | ||
Financial Other 0.1% | ||
ORIX Corp. | ||
2.25%, 03/09/31 | 75,000 | 59,265 |
4.00%, 04/13/32 | 100,000 | 88,786 |
5.20%, 09/13/32 | 125,000 | 122,255 |
270,306 | ||
Insurance 5.0% | ||
Aegon N.V. | ||
5.50%, 04/11/48 (a)(b) | 200,000 | 180,524 |
Aflac, Inc. | ||
3.60%, 04/01/30 (a) | 200,000 | 181,197 |
Alleghany Corp. | ||
3.63%, 05/15/30 (a) | 100,000 | 92,807 |
Allstate Corp. | ||
1.45%, 12/15/30 (a) | 75,000 | 57,377 |
American Financial Group, Inc. | ||
5.25%, 04/02/30 (a) | 75,000 | 73,927 |
American International Group, Inc. | ||
3.40%, 06/30/30 (a) | 75,000 | 66,349 |
5.75%, 04/01/48 (a)(b) | 175,000 | 168,547 |
Anthem, Inc. | ||
4.10%, 03/01/28 (a) | 250,000 | 239,949 |
2.88%, 09/15/29 (a) | 160,000 | 140,576 |
2.25%, 05/15/30 (a) | 200,000 | 166,180 |
2.55%, 03/15/31 (a) | 250,000 | 209,912 |
4.10%, 05/15/32 (a) | 150,000 | 139,692 |
Aon Corp. | ||
4.50%, 12/15/28 (a) | 75,000 | 72,392 |
3.75%, 05/02/29 (a) | 150,000 | 139,256 |
2.80%, 05/15/30 (a) | 175,000 | 149,652 |
2.05%, 08/23/31 (a) | 75,000 | 59,713 |
5.00%, 09/12/32 (a) | 100,000 | 99,189 |
Aon Corp/Aon Global Holdings PLC | ||
2.60%, 12/02/31 (a) | 100,000 | 81,795 |
Arthur J Gallagher & Co. | ||
2.40%, 11/09/31 (a) | 100,000 | 78,832 |
Assurant, Inc. | ||
4.90%, 03/27/28 (a) | 60,000 | 57,727 |
3.70%, 02/22/30 (a) | 75,000 | 63,812 |
2.65%, 01/15/32 (a) | 75,000 | 55,692 |
Assured Guaranty US Holdings, Inc. | ||
3.15%, 06/15/31 (a) | 100,000 | 84,625 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 200,000 | 184,310 |
6.15%, 04/03/30 (a) | 100,000 | 101,121 |
3.50%, 01/15/31 (a) | 125,000 | 103,300 |
AXA S.A. | ||
8.60%, 12/15/30 | 200,000 | 242,952 |
AXIS Specialty Finance LLC | ||
3.90%, 07/15/29 (a) | 75,000 | 66,814 |
4.90%, 01/15/40 (a)(b) | 75,000 | 61,854 |
Berkshire Hathaway Finance Corp. | ||
1.85%, 03/12/30 (a) | 125,000 | 104,678 |
1.45%, 10/15/30 (a) | 150,000 | 119,776 |
2.88%, 03/15/32 (a) | 200,000 | 173,648 |
Brighthouse Financial, Inc. | ||
5.63%, 05/15/30 (a) | 125,000 | 119,103 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Brown & Brown, Inc. | ||
4.50%, 03/15/29 (a) | 35,000 | 32,497 |
2.38%, 03/15/31 (a) | 150,000 | 114,521 |
4.20%, 03/17/32 (a) | 150,000 | 130,274 |
Centene Corp. | ||
2.45%, 07/15/28 (a) | 525,000 | 443,497 |
4.63%, 12/15/29 (a) | 800,000 | 734,546 |
3.00%, 10/15/30 (a) | 550,000 | 451,519 |
2.50%, 03/01/31 (a) | 500,000 | 392,143 |
2.63%, 08/01/31 (a) | 300,000 | 236,049 |
Chubb INA Holdings, Inc. | ||
1.38%, 09/15/30 (a) | 275,000 | 214,078 |
Cincinnati Financial Corp. | ||
6.92%, 05/15/28 | 75,000 | 80,147 |
CNA Financial Corp. | ||
3.90%, 05/01/29 (a) | 100,000 | 91,627 |
2.05%, 08/15/30 (a) | 100,000 | 79,162 |
CNO Financial Group, Inc. | ||
5.25%, 05/30/29 (a) | 125,000 | 119,373 |
Corebridge Financial, Inc. | ||
3.85%, 04/05/29 (a)(d) | 200,000 | 182,616 |
3.90%, 04/05/32 (a)(d) | 300,000 | 263,103 |
Elevance Health, Inc. | ||
5.50%, 10/15/32 (a) | 100,000 | 102,548 |
Enstar Group Ltd. | ||
4.95%, 06/01/29 (a) | 100,000 | 91,896 |
3.10%, 09/01/31 (a) | 125,000 | 91,634 |
Equitable Holdings, Inc. | ||
7.00%, 04/01/28 | 100,000 | 107,778 |
4.35%, 04/20/28 (a) | 300,000 | 286,377 |
Fairfax Financial Holdings Ltd. | ||
4.85%, 04/17/28 (a) | 75,000 | 71,228 |
4.63%, 04/29/30 (a) | 175,000 | 159,201 |
3.38%, 03/03/31 (a) | 125,000 | 102,526 |
5.63%, 08/16/32 (a)(d) | 150,000 | 141,432 |
Fidelity National Financial, Inc. | ||
4.50%, 08/15/28 (a) | 100,000 | 95,320 |
3.40%, 06/15/30 (a) | 125,000 | 105,768 |
2.45%, 03/15/31 (a) | 125,000 | 95,386 |
First American Financial Corp. | ||
4.00%, 05/15/30 (a) | 100,000 | 85,060 |
2.40%, 08/15/31 (a) | 150,000 | 110,278 |
Globe Life, Inc. | ||
4.55%, 09/15/28 (a) | 50,000 | 48,732 |
2.15%, 08/15/30 (a) | 100,000 | 79,369 |
4.80%, 06/15/32 (a) | 100,000 | 95,008 |
Hanover Insurance Group, Inc. | ||
2.50%, 09/01/30 (a) | 50,000 | 38,575 |
Hartford Financial Services Group, Inc. | ||
2.80%, 08/19/29 (a) | 125,000 | 107,207 |
Humana, Inc. | ||
5.75%, 03/01/28 (a) | 50,000 | 51,133 |
3.70%, 03/23/29 (a) | 200,000 | 183,064 |
3.13%, 08/15/29 (a) | 175,000 | 153,840 |
4.88%, 04/01/30 (a) | 50,000 | 48,935 |
2.15%, 02/03/32 (a) | 150,000 | 117,513 |
Jackson Financial, Inc. | ||
3.13%, 11/23/31 (a) | 100,000 | 77,522 |
5.67%, 06/08/32 (a) | 100,000 | 94,570 |
Kemper Corp. | ||
2.40%, 09/30/30 (a) | 100,000 | 77,656 |
3.80%, 02/23/32 (a) | 75,000 | 63,193 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Lincoln National Corp. | ||
3.80%, 03/01/28 (a) | 100,000 | 92,123 |
3.05%, 01/15/30 (a) | 125,000 | 103,643 |
3.40%, 01/15/31 (a) | 100,000 | 82,680 |
3.40%, 03/01/32 (a) | 50,000 | 40,657 |
Loews Corp. | ||
3.20%, 05/15/30 (a) | 100,000 | 88,651 |
Manulife Financial Corp. | ||
3.70%, 03/16/32 (a) | 150,000 | 133,635 |
Markel Corp. | ||
3.35%, 09/17/29 (a) | 100,000 | 87,021 |
Marsh & McLennan Cos., Inc. | ||
4.38%, 03/15/29 (a) | 300,000 | 290,368 |
2.25%, 11/15/30 (a) | 185,000 | 151,754 |
2.38%, 12/15/31 (a) | 100,000 | 80,987 |
5.75%, 11/01/32 (a) | 50,000 | 52,536 |
MetLife, Inc. | ||
4.55%, 03/23/30 (a) | 225,000 | 221,782 |
PartnerRe Finance B LLC | ||
3.70%, 07/02/29 (a) | 100,000 | 90,319 |
4.50%, 10/01/50 (a)(b) | 100,000 | 86,301 |
Primerica, Inc. | ||
2.80%, 11/19/31 (a) | 150,000 | 122,823 |
Principal Financial Group, Inc. | ||
3.70%, 05/15/29 (a) | 115,000 | 107,035 |
2.13%, 06/15/30 (a) | 100,000 | 82,008 |
Prudential Financial, Inc. | ||
3.88%, 03/27/28 (a) | 99,000 | 95,022 |
2.10%, 03/10/30 (a) | 100,000 | 83,126 |
5.70%, 09/15/48 (a)(b) | 200,000 | 192,719 |
3.70%, 10/01/50 (a)(b) | 175,000 | 150,155 |
5.13%, 03/01/52 (a)(b) | 175,000 | 158,631 |
6.00%, 09/01/52 (a)(b) | 250,000 | 243,681 |
Prudential PLC | ||
3.13%, 04/14/30 | 200,000 | 174,624 |
3.63%, 03/24/32 (a) | 75,000 | 66,871 |
Reinsurance Group of America, Inc. | ||
3.90%, 05/15/29 (a) | 100,000 | 91,852 |
3.15%, 06/15/30 (a) | 125,000 | 106,706 |
RenaissanceRe Holdings Ltd. | ||
3.60%, 04/15/29 (a) | 50,000 | 45,056 |
Stewart Information Services Corp. | ||
3.60%, 11/15/31 (a) | 100,000 | 76,581 |
The Progressive Corp. | ||
4.00%, 03/01/29 (a) | 100,000 | 96,134 |
3.20%, 03/26/30 (a) | 125,000 | 112,598 |
3.00%, 03/15/32 (a) | 200,000 | 174,043 |
UnitedHealth Group, Inc. | ||
5.25%, 02/15/28 (a) | 100,000 | 102,506 |
3.85%, 06/15/28 | 225,000 | 215,906 |
3.88%, 12/15/28 | 150,000 | 143,436 |
4.00%, 05/15/29 (a) | 225,000 | 215,144 |
2.88%, 08/15/29 | 275,000 | 245,191 |
5.30%, 02/15/30 (a) | 200,000 | 206,690 |
2.00%, 05/15/30 | 300,000 | 248,530 |
2.30%, 05/15/31 (a) | 325,000 | 271,268 |
4.20%, 05/15/32 (a) | 325,000 | 309,578 |
Unum Group | ||
4.00%, 06/15/29 (a) | 100,000 | 90,588 |
Voya Financial, Inc. | ||
4.70%, 01/23/48 (a)(b) | 25,000 | 19,348 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Willis North America, Inc. | ||
4.50%, 09/15/28 (a) | 100,000 | 94,372 |
2.95%, 09/15/29 (a) | 150,000 | 126,363 |
16,456,221 | ||
REITs 5.1% | ||
Agree LP | ||
2.00%, 06/15/28 (a) | 150,000 | 122,867 |
4.80%, 10/01/32 (a) | 100,000 | 92,540 |
Alexandria Real Estate Equities, Inc. | ||
3.95%, 01/15/28 (a) | 50,000 | 47,090 |
4.50%, 07/30/29 (a) | 100,000 | 94,904 |
2.75%, 12/15/29 (a) | 100,000 | 85,013 |
4.70%, 07/01/30 (a) | 100,000 | 96,394 |
4.90%, 12/15/30 (a) | 150,000 | 146,384 |
3.38%, 08/15/31 (a) | 150,000 | 131,401 |
2.00%, 05/18/32 (a) | 150,000 | 115,496 |
American Assets Trust LP | ||
3.38%, 02/01/31 (a) | 100,000 | 79,417 |
American Homes 4 Rent LP | ||
4.25%, 02/15/28 (a) | 100,000 | 92,872 |
4.90%, 02/15/29 (a) | 80,000 | 75,881 |
2.38%, 07/15/31 (a) | 100,000 | 77,119 |
3.63%, 04/15/32 (a) | 125,000 | 105,085 |
AvalonBay Communities, Inc. | ||
3.20%, 01/15/28 (a) | 100,000 | 91,577 |
1.90%, 12/01/28 (a) | 100,000 | 83,714 |
3.30%, 06/01/29 (a) | 100,000 | 89,798 |
2.30%, 03/01/30 (a) | 50,000 | 41,587 |
2.45%, 01/15/31 (a) | 125,000 | 103,373 |
2.05%, 01/15/32 (a) | 175,000 | 137,871 |
Boston Properties LP | ||
4.50%, 12/01/28 (a) | 300,000 | 279,195 |
3.40%, 06/21/29 (a) | 100,000 | 86,281 |
2.90%, 03/15/30 (a) | 135,000 | 110,442 |
3.25%, 01/30/31 (a) | 200,000 | 166,072 |
2.55%, 04/01/32 (a) | 200,000 | 152,660 |
Brandywine Operating Partnership LP | ||
4.55%, 10/01/29 (a) | 150,000 | 125,717 |
Brixmor Operating Partnership LP | ||
2.25%, 04/01/28 (a) | 50,000 | 41,670 |
4.13%, 05/15/29 (a) | 75,000 | 67,162 |
4.05%, 07/01/30 (a) | 175,000 | 154,142 |
2.50%, 08/16/31 (a) | 150,000 | 115,077 |
Broadstone Net Lease LLC | ||
2.60%, 09/15/31 (a) | 75,000 | 56,352 |
Camden Property Trust | ||
4.10%, 10/15/28 (a) | 25,000 | 23,665 |
3.15%, 07/01/29 (a) | 175,000 | 156,432 |
2.80%, 05/15/30 (a) | 150,000 | 129,528 |
Corporate Office Properties LP | ||
2.75%, 04/15/31 (a) | 200,000 | 150,223 |
CubeSmart LP | ||
2.25%, 12/15/28 (a) | 100,000 | 82,601 |
4.38%, 02/15/29 (a) | 75,000 | 69,557 |
3.00%, 02/15/30 (a) | 75,000 | 62,478 |
2.00%, 02/15/31 (a) | 75,000 | 56,645 |
2.50%, 02/15/32 (a) | 100,000 | 76,676 |
Digital Realty Trust LP | ||
4.45%, 07/15/28 (a) | 325,000 | 308,947 |
3.60%, 07/01/29 (a) | 175,000 | 156,702 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
EPR Properties | ||
4.95%, 04/15/28 (a) | 100,000 | 85,396 |
3.75%, 08/15/29 (a) | 125,000 | 97,795 |
3.60%, 11/15/31 (a) | 50,000 | 36,284 |
ERP Operating LP | ||
3.50%, 03/01/28 (a) | 100,000 | 92,439 |
4.15%, 12/01/28 (a) | 100,000 | 94,340 |
3.00%, 07/01/29 (a) | 70,000 | 61,165 |
2.50%, 02/15/30 (a) | 125,000 | 104,532 |
1.85%, 08/01/31 (a) | 100,000 | 77,964 |
Essential Properties LP | ||
2.95%, 07/15/31 (a) | 100,000 | 72,825 |
Essex Portfolio LP | ||
1.70%, 03/01/28 (a) | 100,000 | 83,631 |
4.00%, 03/01/29 (a) | 100,000 | 91,227 |
3.00%, 01/15/30 (a) | 100,000 | 84,756 |
1.65%, 01/15/31 (a) | 75,000 | 56,014 |
2.65%, 03/15/32 (a) | 175,000 | 138,696 |
Extra Space Storage LP | ||
2.55%, 06/01/31 (a) | 125,000 | 97,958 |
2.35%, 03/15/32 (a) | 175,000 | 132,835 |
Federal Realty Investment Trust | ||
3.20%, 06/15/29 (a) | 75,000 | 65,214 |
3.50%, 06/01/30 (a) | 75,000 | 64,726 |
Healthcare Realty Holdings LP | ||
3.10%, 02/15/30 (a) | 75,000 | 63,106 |
2.40%, 03/15/30 (a) | 125,000 | 97,121 |
2.00%, 03/15/31 (a) | 100,000 | 75,773 |
Healthpeak Properties, Inc. | ||
2.13%, 12/01/28 (a) | 100,000 | 84,198 |
3.50%, 07/15/29 (a) | 125,000 | 111,495 |
3.00%, 01/15/30 (a) | 140,000 | 120,371 |
2.88%, 01/15/31 (a) | 125,000 | 104,640 |
Highwoods Realty LP | ||
4.13%, 03/15/28 (a) | 75,000 | 68,078 |
4.20%, 04/15/29 (a) | 75,000 | 65,136 |
3.05%, 02/15/30 (a) | 75,000 | 59,639 |
2.60%, 02/01/31 (a) | 75,000 | 55,678 |
Host Hotels & Resorts LP | ||
3.38%, 12/15/29 (a) | 125,000 | 104,830 |
3.50%, 09/15/30 (a) | 150,000 | 124,062 |
2.90%, 12/15/31 (a) | 100,000 | 76,738 |
Hudson Pacific Properties LP | ||
4.65%, 04/01/29 (a) | 100,000 | 85,715 |
3.25%, 01/15/30 (a) | 150,000 | 114,869 |
Invitation Homes Operating Partnership LP | ||
2.30%, 11/15/28 (a) | 150,000 | 124,332 |
2.00%, 08/15/31 (a) | 125,000 | 92,409 |
4.15%, 04/15/32 (a) | 100,000 | 87,588 |
Kilroy Realty LP | ||
4.25%, 08/15/29 (a) | 70,000 | 61,560 |
3.05%, 02/15/30 (a) | 150,000 | 120,484 |
2.50%, 11/15/32 (a) | 75,000 | 53,525 |
Kimco Realty Corp. | ||
1.90%, 03/01/28 (a) | 75,000 | 63,002 |
2.70%, 10/01/30 (a) | 100,000 | 81,846 |
2.25%, 12/01/31 (a) | 100,000 | 76,756 |
3.20%, 04/01/32 (a) | 125,000 | 103,794 |
Lexington Realty Trust | ||
2.70%, 09/15/30 (a) | 100,000 | 79,946 |
Life Storage LP | ||
4.00%, 06/15/29 (a) | 55,000 | 49,329 |
2.20%, 10/15/30 (a) | 100,000 | 77,966 |
2.40%, 10/15/31 (a) | 125,000 | 95,809 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
LXP Industrial Trust | ||
2.38%, 10/01/31 (a) | 75,000 | 57,013 |
Mid-America Apartments LP | ||
4.20%, 06/15/28 (a) | 75,000 | 71,837 |
3.95%, 03/15/29 (a) | 115,000 | 109,087 |
2.75%, 03/15/30 (a) | 50,000 | 42,934 |
1.70%, 02/15/31 (a) | 100,000 | 78,389 |
National Health Investors, Inc. | ||
3.00%, 02/01/31 (a) | 100,000 | 72,358 |
National Retail Properties, Inc. | ||
4.30%, 10/15/28 (a) | 50,000 | 46,503 |
2.50%, 04/15/30 (a) | 125,000 | 101,563 |
Omega Healthcare Investors, Inc. | ||
4.75%, 01/15/28 (a) | 100,000 | 92,414 |
3.63%, 10/01/29 (a) | 100,000 | 82,425 |
3.38%, 02/01/31 (a) | 125,000 | 96,743 |
Phillips Edison Grocery Center Operating Partnership I LP | ||
2.63%, 11/15/31 (a) | 75,000 | 55,264 |
Physicians Realty LP | ||
3.95%, 01/15/28 (a) | 75,000 | 68,787 |
2.63%, 11/01/31 (a) | 75,000 | 58,573 |
Piedmont Operating Partnership LP | ||
3.15%, 08/15/30 (a) | 75,000 | 56,980 |
2.75%, 04/01/32 (a) | 75,000 | 52,610 |
Prologis LP | ||
3.88%, 09/15/28 (a) | 150,000 | 142,366 |
4.00%, 09/15/28 (a) | 50,000 | 47,911 |
4.38%, 02/01/29 (a) | 25,000 | 23,944 |
2.88%, 11/15/29 (a) | 75,000 | 65,461 |
2.25%, 04/15/30 (a) | 225,000 | 188,239 |
1.75%, 07/01/30 (a) | 60,000 | 47,555 |
1.25%, 10/15/30 (a) | 125,000 | 95,140 |
1.75%, 02/01/31 (a) | 100,000 | 79,043 |
1.63%, 03/15/31 (a) | 75,000 | 58,189 |
2.25%, 01/15/32 (a) | 100,000 | 79,916 |
Public Storage | ||
1.85%, 05/01/28 (a) | 150,000 | 129,017 |
1.95%, 11/09/28 (a) | 100,000 | 85,392 |
3.39%, 05/01/29 (a) | 100,000 | 91,482 |
2.30%, 05/01/31 (a) | 125,000 | 102,291 |
2.25%, 11/09/31 (a) | 100,000 | 80,780 |
Realty Income Corp. | ||
3.40%, 01/15/28 (a) | 150,000 | 138,378 |
3.65%, 01/15/28 (a) | 125,000 | 116,919 |
2.20%, 06/15/28 (a) | 100,000 | 85,937 |
3.25%, 06/15/29 (a) | 150,000 | 134,018 |
3.10%, 12/15/29 (a) | 120,000 | 105,152 |
3.25%, 01/15/31 (a) | 150,000 | 130,308 |
5.63%, 10/13/32 (a) | 150,000 | 153,239 |
2.85%, 12/15/32 (a) | 100,000 | 81,288 |
Regency Centers LP | ||
4.13%, 03/15/28 (a) | 75,000 | 69,471 |
2.95%, 09/15/29 (a) | 50,000 | 42,018 |
3.70%, 06/15/30 (a) | 125,000 | 108,911 |
Retail Properties of America, Inc. | ||
4.75%, 09/15/30 (a) | 75,000 | 66,674 |
Rexford Industrial Realty LP | ||
2.13%, 12/01/30 (a) | 75,000 | 58,564 |
2.15%, 09/01/31 (a) | 100,000 | 76,816 |
Sabra Health Care LP | ||
3.90%, 10/15/29 (a) | 50,000 | 41,700 |
3.20%, 12/01/31 (a) | 175,000 | 130,886 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Safehold Operating Partnership LP | ||
2.80%, 06/15/31 (a) | 100,000 | 77,013 |
2.85%, 01/15/32 (a) | 50,000 | 38,175 |
Simon Property Group LP | ||
1.75%, 02/01/28 (a) | 150,000 | 127,798 |
2.45%, 09/13/29 (a) | 200,000 | 167,512 |
2.65%, 07/15/30 (a) | 175,000 | 145,793 |
2.20%, 02/01/31 (a) | 150,000 | 118,988 |
2.25%, 01/15/32 (a) | 175,000 | 136,337 |
2.65%, 02/01/32 (a) | 125,000 | 100,744 |
Spirit Realty LP | ||
2.10%, 03/15/28 (a) | 50,000 | 40,852 |
4.00%, 07/15/29 (a) | 100,000 | 87,236 |
3.40%, 01/15/30 (a) | 125,000 | 104,385 |
3.20%, 02/15/31 (a) | 100,000 | 80,253 |
2.70%, 02/15/32 (a) | 75,000 | 55,799 |
STORE Capital Corp. | ||
4.50%, 03/15/28 (a) | 70,000 | 63,261 |
4.63%, 03/15/29 (a) | 75,000 | 67,198 |
2.75%, 11/18/30 (a) | 75,000 | 57,583 |
2.70%, 12/01/31 (a) | 100,000 | 73,119 |
Sun Communities Operating LP | ||
2.30%, 11/01/28 (a) | 125,000 | 104,803 |
2.70%, 07/15/31 (a) | 150,000 | 118,379 |
4.20%, 04/15/32 (a) | 100,000 | 88,106 |
Tanger Properties LP | ||
2.75%, 09/01/31 (a) | 75,000 | 54,331 |
UDR, Inc. | ||
3.50%, 01/15/28 (a) | 50,000 | 45,451 |
4.40%, 01/26/29 (a) | 75,000 | 70,766 |
3.20%, 01/15/30 (a) | 150,000 | 130,761 |
3.00%, 08/15/31 (a) | 125,000 | 104,752 |
2.10%, 08/01/32 (a) | 50,000 | 37,236 |
Ventas Realty LP | ||
4.00%, 03/01/28 (a) | 100,000 | 92,594 |
4.40%, 01/15/29 (a) | 150,000 | 140,302 |
3.00%, 01/15/30 (a) | 195,000 | 164,696 |
4.75%, 11/15/30 (a) | 50,000 | 47,038 |
2.50%, 09/01/31 (a) | 100,000 | 78,621 |
Vornado Realty LP | ||
3.40%, 06/01/31 (a) | 100,000 | 74,529 |
Welltower, Inc. | ||
4.25%, 04/15/28 (a) | 150,000 | 140,971 |
2.05%, 01/15/29 (a) | 125,000 | 101,706 |
4.13%, 03/15/29 (a) | 100,000 | 91,909 |
3.10%, 01/15/30 (a) | 150,000 | 126,746 |
2.75%, 01/15/31 (a) | 100,000 | 80,083 |
2.80%, 06/01/31 (a) | 150,000 | 119,671 |
2.75%, 01/15/32 (a) | 100,000 | 78,346 |
3.85%, 06/15/32 (a) | 125,000 | 106,838 |
WP Carey, Inc. | ||
3.85%, 07/15/29 (a) | 55,000 | 49,563 |
2.40%, 02/01/31 (a) | 100,000 | 79,834 |
2.45%, 02/01/32 (a) | 75,000 | 58,471 |
16,585,233 | ||
118,124,575 | ||
Industrial 55.5% | ||
Basic Industry 2.8% | ||
Air Products and Chemicals, Inc. | ||
2.05%, 05/15/30 (a) | 50,000 | 41,953 |
Albemarle Corp. | ||
5.05%, 06/01/32 (a) | 125,000 | 118,118 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AngloGold Ashanti Holdings PLC | ||
3.75%, 10/01/30 (a) | 200,000 | 175,123 |
ArcelorMittal S.A. | ||
4.25%, 07/16/29 (e) | 100,000 | 89,655 |
6.80%, 11/29/32 (a) | 225,000 | 224,538 |
Cabot Corp. | ||
4.00%, 07/01/29 (a) | 100,000 | 89,311 |
5.00%, 06/30/32 (a) | 50,000 | 46,133 |
Celanese US Holdings LLC | ||
6.33%, 07/15/29 (a) | 200,000 | 194,826 |
6.38%, 07/15/32 (a) | 150,000 | 143,415 |
Dow Chemical Co. | ||
4.80%, 11/30/28 (a) | 140,000 | 138,289 |
7.38%, 11/01/29 | 150,000 | 166,999 |
2.10%, 11/15/30 (a) | 50,000 | 40,268 |
DuPont de Nemours, Inc. | ||
4.73%, 11/15/28 (a) | 445,000 | 439,685 |
Eastman Chemical Co. | ||
4.50%, 12/01/28 (a) | 113,000 | 107,287 |
Ecolab, Inc. | ||
4.80%, 03/24/30 (a) | 100,000 | 99,423 |
1.30%, 01/30/31 (a) | 150,000 | 114,660 |
2.13%, 02/01/32 (a) | 275,000 | 220,569 |
EI du Pont de Nemours and Co. | ||
2.30%, 07/15/30 (a) | 100,000 | 84,010 |
FMC Corp. | ||
3.45%, 10/01/29 (a) | 100,000 | 88,297 |
Freeport-McMoRan, Inc. | ||
4.13%, 03/01/28 (a) | 150,000 | 139,489 |
4.38%, 08/01/28 (a) | 150,000 | 140,918 |
5.25%, 09/01/29 (a) | 150,000 | 144,815 |
4.25%, 03/01/30 (a) | 75,000 | 68,531 |
4.63%, 08/01/30 (a) | 100,000 | 93,731 |
Georgia-Pacific LLC | ||
7.75%, 11/15/29 | 150,000 | 170,603 |
8.88%, 05/15/31 | 50,000 | 61,299 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 200,000 | 180,245 |
2.95%, 06/15/31 (a) | 50,000 | 38,928 |
International Flavors & Fragrances, Inc. | ||
4.45%, 09/26/28 (a) | 100,000 | 94,398 |
Linde, Inc. | ||
1.10%, 08/10/30 (a) | 150,000 | 115,444 |
LYB International Finance III LLC | ||
2.25%, 10/01/30 (a) | 125,000 | 99,528 |
NewMarket Corp. | ||
2.70%, 03/18/31 (a) | 100,000 | 79,108 |
Newmont Corp. | ||
2.80%, 10/01/29 (a) | 125,000 | 106,785 |
2.25%, 10/01/30 (a) | 200,000 | 161,171 |
2.60%, 07/15/32 (a) | 225,000 | 179,689 |
Nucor Corp. | ||
3.95%, 05/01/28 (a) | 100,000 | 94,597 |
2.70%, 06/01/30 (a) | 100,000 | 85,140 |
3.13%, 04/01/32 (a) | 100,000 | 85,100 |
Nutrien Ltd. | ||
4.20%, 04/01/29 (a) | 100,000 | 94,185 |
2.95%, 05/13/30 (a) | 100,000 | 85,932 |
Packaging Corp. of America | ||
3.00%, 12/15/29 (a) | 110,000 | 94,309 |
PPG Industries, Inc. | ||
3.75%, 03/15/28 (a) | 175,000 | 166,740 |
2.80%, 08/15/29 (a) | 125,000 | 108,129 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Rayonier LP | ||
2.75%, 05/17/31 (a) | 100,000 | 80,287 |
Reliance Steel & Aluminum Co. | ||
2.15%, 08/15/30 (a) | 100,000 | 79,367 |
Rio Tinto Finance USA Ltd. | ||
7.13%, 07/15/28 | 225,000 | 248,347 |
Rohm & Haas Co. | ||
7.85%, 07/15/29 | 225,000 | 251,172 |
RPM International, Inc. | ||
4.55%, 03/01/29 (a) | 125,000 | 115,909 |
2.95%, 01/15/32 (a) | 25,000 | 19,765 |
Sherwin-Williams Co. | ||
2.95%, 08/15/29 (a) | 160,000 | 140,548 |
2.30%, 05/15/30 (a) | 100,000 | 82,327 |
2.20%, 03/15/32 (a) | 100,000 | 79,200 |
Steel Dynamics, Inc. | ||
3.45%, 04/15/30 (a) | 175,000 | 154,287 |
3.25%, 01/15/31 (a) | 75,000 | 64,345 |
Suzano Austria GmbH | ||
2.50%, 09/15/28 (a) | 125,000 | 105,348 |
6.00%, 01/15/29 (a) | 300,000 | 299,532 |
5.00%, 01/15/30 (a) | 200,000 | 188,252 |
3.75%, 01/15/31 (a) | 200,000 | 168,006 |
3.13%, 01/15/32 (a) | 225,000 | 175,980 |
Teck Resources Ltd. | ||
3.90%, 07/15/30 (a) | 100,000 | 89,958 |
Vale Overseas Ltd. | ||
3.75%, 07/08/30 (a) | 325,000 | 285,518 |
Westlake Chemical Corp. | ||
3.38%, 06/15/30 (a) | 75,000 | 64,615 |
WestRock MWV LLC | ||
8.20%, 01/15/30 | 125,000 | 141,765 |
7.95%, 02/15/31 | 50,000 | 56,341 |
Weyerhaeuser Co. | ||
4.00%, 11/15/29 (a) | 200,000 | 183,400 |
4.00%, 04/15/30 (a) | 200,000 | 182,664 |
7.38%, 03/15/32 | 50,000 | 55,556 |
WRKCo, Inc. | ||
4.00%, 03/15/28 (a) | 75,000 | 70,061 |
3.90%, 06/01/28 (a) | 150,000 | 138,542 |
4.90%, 03/15/29 (a) | 125,000 | 120,590 |
4.20%, 06/01/32 (a) | 100,000 | 90,214 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a)(d) | 125,000 | 94,023 |
9,137,292 | ||
Capital Goods 5.5% | ||
3M Co. | ||
3.63%, 09/14/28 (a) | 100,000 | 94,958 |
3.38%, 03/01/29 (a) | 150,000 | 138,185 |
2.38%, 08/26/29 (a) | 275,000 | 233,758 |
3.05%, 04/15/30 (a) | 100,000 | 88,077 |
Acuity Brands Lighting, Inc. | ||
2.15%, 12/15/30 (a) | 75,000 | 57,840 |
Allegion PLC | ||
3.50%, 10/01/29 (a) | 175,000 | 151,263 |
Allegion US Holding Co., Inc. | ||
5.41%, 07/01/32 (a) | 50,000 | 48,501 |
Amcor Finance USA, Inc. | ||
4.50%, 05/15/28 (a) | 165,000 | 156,660 |
Amcor Flexibles North America, Inc. | ||
2.63%, 06/19/30 (a) | 175,000 | 142,298 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Amphenol Corp. | ||
4.35%, 06/01/29 (a) | 100,000 | 95,513 |
2.80%, 02/15/30 (a) | 175,000 | 149,913 |
2.20%, 09/15/31 (a) | 125,000 | 99,230 |
AptarGroup, Inc. | ||
3.60%, 03/15/32 (a) | 100,000 | 83,438 |
Avery Dennison Corp. | ||
4.88%, 12/06/28 (a) | 100,000 | 97,603 |
2.65%, 04/30/30 (a) | 75,000 | 61,744 |
2.25%, 02/15/32 (a) | 125,000 | 95,568 |
Boeing Co. | ||
3.25%, 02/01/28 (a) | 250,000 | 228,623 |
3.25%, 03/01/28 (a) | 140,000 | 125,702 |
3.45%, 11/01/28 (a) | 100,000 | 90,035 |
3.20%, 03/01/29 (a) | 270,000 | 238,075 |
2.95%, 02/01/30 (a) | 20,000 | 16,974 |
5.15%, 05/01/30 (a) | 825,000 | 805,552 |
3.63%, 02/01/31 (a) | 325,000 | 285,049 |
Carlisle Cos., Inc. | ||
2.75%, 03/01/30 (a) | 75,000 | 62,535 |
2.20%, 03/01/32 (a) | 125,000 | 95,202 |
Carrier Global Corp. | ||
2.72%, 02/15/30 (a) | 400,000 | 337,811 |
2.70%, 02/15/31 (a)(d) | 150,000 | 123,898 |
Caterpillar, Inc. | ||
2.60%, 09/19/29 (a) | 105,000 | 92,559 |
2.60%, 04/09/30 (a) | 150,000 | 130,960 |
1.90%, 03/12/31 (a) | 125,000 | 101,618 |
Deere & Co. | ||
3.10%, 04/15/30 (a) | 100,000 | 89,883 |
7.13%, 03/03/31 | 50,000 | 57,537 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 75,000 | 65,335 |
Eagle Materials, Inc. | ||
2.50%, 07/01/31 (a) | 150,000 | 117,648 |
Eaton Corp. | ||
4.00%, 11/02/32 | 150,000 | 138,485 |
Emerson Electric Co. | ||
2.00%, 12/21/28 (a) | 150,000 | 127,844 |
1.95%, 10/15/30 (a) | 150,000 | 121,731 |
2.20%, 12/21/31 (a) | 200,000 | 162,048 |
Flowserve Corp. | ||
3.50%, 10/01/30 (a) | 100,000 | 83,419 |
2.80%, 01/15/32 (a) | 125,000 | 93,712 |
Fortune Brands Home & Security, Inc. | ||
3.25%, 09/15/29 (a) | 175,000 | 151,880 |
4.00%, 03/25/32 (a) | 75,000 | 65,154 |
GE Capital Funding LLC | ||
4.55%, 05/15/32 (a)(e) | 300,000 | 285,473 |
General Dynamics Corp. | ||
3.75%, 05/15/28 (a) | 175,000 | 167,113 |
3.63%, 04/01/30 (a) | 225,000 | 210,112 |
2.25%, 06/01/31 (a) | 100,000 | 83,848 |
General Electric Co. | ||
6.75%, 03/15/32 | 150,000 | 166,562 |
Honeywell International, Inc. | ||
2.70%, 08/15/29 (a) | 175,000 | 155,748 |
1.95%, 06/01/30 (a) | 225,000 | 186,402 |
1.75%, 09/01/31 (a) | 300,000 | 237,903 |
Hubbell, Inc. | ||
3.50%, 02/15/28 (a) | 100,000 | 92,097 |
2.30%, 03/15/31 (a) | 50,000 | 39,917 |
Huntington Ingalls Industries, Inc. | ||
2.04%, 08/16/28 (a) | 250,000 | 206,625 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
IDEX Corp. | ||
3.00%, 05/01/30 (a) | 150,000 | 129,385 |
2.63%, 06/15/31 (a) | 50,000 | 41,667 |
John Deere Capital Corp. | ||
3.05%, 01/06/28 | 100,000 | 93,590 |
1.50%, 03/06/28 | 100,000 | 85,632 |
3.45%, 03/07/29 | 20,000 | 18,600 |
3.35%, 04/18/29 | 200,000 | 185,445 |
2.80%, 07/18/29 | 165,000 | 147,233 |
4.85%, 10/11/29 | 50,000 | 50,132 |
2.45%, 01/09/30 | 190,000 | 164,005 |
1.45%, 01/15/31 | 100,000 | 78,192 |
2.00%, 06/17/31 | 200,000 | 162,137 |
3.90%, 06/07/32 | 100,000 | 93,498 |
4.35%, 09/15/32 | 100,000 | 97,448 |
Johnson Controls International plc | ||
1.75%, 09/15/30 (a) | 125,000 | 99,858 |
2.00%, 09/16/31 (a) | 150,000 | 118,943 |
4.90%, 12/01/32 (a) | 75,000 | 73,840 |
Kennametal, Inc. | ||
4.63%, 06/15/28 (a) | 100,000 | 94,041 |
2.80%, 03/01/31 (a) | 25,000 | 19,530 |
L3Harris Technologies, Inc. | ||
4.40%, 06/15/28 (a) | 250,000 | 240,817 |
2.90%, 12/15/29 (a) | 100,000 | 85,626 |
1.80%, 01/15/31 (a) | 225,000 | 173,225 |
Leggett & Platt, Inc. | ||
4.40%, 03/15/29 (a) | 100,000 | 94,248 |
Lockheed Martin Corp. | ||
1.85%, 06/15/30 (a) | 100,000 | 82,121 |
3.90%, 06/15/32 (a) | 150,000 | 141,238 |
Martin Marietta Materials, Inc. | ||
2.50%, 03/15/30 (a) | 100,000 | 82,736 |
2.40%, 07/15/31 (a) | 200,000 | 160,193 |
Masco Corp. | ||
2.00%, 10/01/30 (a) | 125,000 | 97,339 |
2.00%, 02/15/31 (a) | 100,000 | 77,312 |
Mohawk Industries, Inc. | ||
3.63%, 05/15/30 (a) | 115,000 | 99,372 |
Northrop Grumman Corp. | ||
3.25%, 01/15/28 (a) | 415,000 | 384,356 |
4.40%, 05/01/30 (a) | 150,000 | 144,569 |
nVent Finance Sarl | ||
4.55%, 04/15/28 (a) | 115,000 | 106,387 |
2.75%, 11/15/31 (a) | 50,000 | 38,438 |
Oshkosh Corp. | ||
4.60%, 05/15/28 (a) | 125,000 | 118,926 |
Otis Worldwide Corp. | ||
2.57%, 02/15/30 (a) | 320,000 | 269,407 |
Owens Corning | ||
3.88%, 06/01/30 (a) | 175,000 | 155,972 |
Parker-Hannifin Corp. | ||
3.25%, 06/14/29 (a) | 150,000 | 134,387 |
4.50%, 09/15/29 (a) | 250,000 | 240,942 |
Pentair Finance Sarl | ||
4.50%, 07/01/29 (a) | 150,000 | 139,225 |
5.90%, 07/15/32 (a) | 25,000 | 24,841 |
Raytheon Technologies Corp. | ||
4.13%, 11/16/28 (a) | 625,000 | 599,668 |
7.50%, 09/15/29 | 100,000 | 113,579 |
2.25%, 07/01/30 (a) | 100,000 | 83,337 |
1.90%, 09/01/31 (a) | 325,000 | 255,339 |
2.38%, 03/15/32 (a) | 125,000 | 101,448 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Republic Services, Inc. | ||
3.95%, 05/15/28 (a) | 150,000 | 143,032 |
2.30%, 03/01/30 (a) | 50,000 | 41,942 |
1.45%, 02/15/31 (a) | 175,000 | 134,762 |
1.75%, 02/15/32 (a) | 200,000 | 154,113 |
Rockwell Automation, Inc. | ||
3.50%, 03/01/29 (a) | 50,000 | 46,727 |
1.75%, 08/15/31 (a) | 100,000 | 79,048 |
Roper Technologies, Inc. | ||
4.20%, 09/15/28 (a) | 150,000 | 144,926 |
2.95%, 09/15/29 (a) | 275,000 | 238,959 |
2.00%, 06/30/30 (a) | 75,000 | 60,055 |
1.75%, 02/15/31 (a) | 150,000 | 115,587 |
Sonoco Products Co. | ||
3.13%, 05/01/30 (a) | 160,000 | 137,667 |
2.85%, 02/01/32 (a) | 75,000 | 61,053 |
Stanley Black & Decker, Inc. | ||
4.25%, 11/15/28 (a) | 75,000 | 71,860 |
2.30%, 03/15/30 (a) | 225,000 | 185,463 |
3.00%, 05/15/32 (a) | 50,000 | 42,285 |
Teledyne Technologies, Inc. | ||
2.25%, 04/01/28 (a) | 100,000 | 86,483 |
2.75%, 04/01/31 (a) | 275,000 | 225,827 |
Textron, Inc. | ||
3.38%, 03/01/28 (a) | 150,000 | 136,606 |
3.90%, 09/17/29 (a) | 100,000 | 90,878 |
3.00%, 06/01/30 (a) | 100,000 | 85,369 |
Timken Co. | ||
4.50%, 12/15/28 (a) | 150,000 | 142,989 |
4.13%, 04/01/32 (a) | 25,000 | 22,365 |
Trane Technologies Global Holding Co., Ltd. | ||
3.75%, 08/21/28 (a) | 125,000 | 118,397 |
Trane Technologies Luxembourg Finance S.A. | ||
3.80%, 03/21/29 (a) | 140,000 | 129,316 |
Vontier Corp. | ||
2.40%, 04/01/28 (a) | 150,000 | 118,892 |
2.95%, 04/01/31 (a) | 100,000 | 73,426 |
Vulcan Materials Co. | ||
3.50%, 06/01/30 (a) | 125,000 | 110,440 |
Waste Connections, Inc. | ||
4.25%, 12/01/28 (a) | 75,000 | 71,928 |
3.50%, 05/01/29 (a) | 200,000 | 183,406 |
2.60%, 02/01/30 (a) | 50,000 | 42,672 |
2.20%, 01/15/32 (a) | 175,000 | 139,389 |
3.20%, 06/01/32 (a) | 75,000 | 64,320 |
Waste Management, Inc. | ||
2.00%, 06/01/29 (a) | 275,000 | 233,231 |
1.50%, 03/15/31 (a) | 100,000 | 78,352 |
4.15%, 04/15/32 (a) | 200,000 | 190,502 |
Westinghouse Air Brake Technologies Corp. | ||
4.95%, 09/15/28 (a)(f) | 275,000 | 264,635 |
Xylem, Inc. | ||
1.95%, 01/30/28 (a) | 150,000 | 129,098 |
2.25%, 01/30/31 (a) | 75,000 | 60,957 |
18,090,799 | ||
Communications 8.6% | ||
Activision Blizzard, Inc. | ||
1.35%, 09/15/30 (a) | 125,000 | 97,844 |
America Movil S.A.B. de C.V. | ||
2.88%, 05/07/30 (a) | 250,000 | 214,494 |
4.70%, 07/21/32 (a) | 200,000 | 191,783 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
American Tower Corp. | ||
3.60%, 01/15/28 (a) | 150,000 | 138,254 |
1.50%, 01/31/28 (a) | 250,000 | 207,440 |
3.95%, 03/15/29 (a) | 125,000 | 115,169 |
3.80%, 08/15/29 (a) | 375,000 | 341,507 |
2.90%, 01/15/30 (a) | 135,000 | 114,632 |
2.10%, 06/15/30 (a) | 200,000 | 158,868 |
1.88%, 10/15/30 (a) | 150,000 | 115,862 |
2.70%, 04/15/31 (a) | 200,000 | 162,913 |
2.30%, 09/15/31 (a) | 75,000 | 58,459 |
AT&T, Inc. | ||
1.65%, 02/01/28 (a) | 500,000 | 423,342 |
4.10%, 02/15/28 (a) | 325,000 | 309,926 |
4.35%, 03/01/29 (a) | 775,000 | 738,401 |
4.30%, 02/15/30 (a) | 650,000 | 612,534 |
2.75%, 06/01/31 (a) | 350,000 | 291,144 |
2.25%, 02/01/32 (a) | 550,000 | 431,733 |
Bell Canada | ||
2.15%, 02/15/32 (a) | 150,000 | 117,583 |
British Telecommunications PLC | ||
5.13%, 12/04/28 (a) | 350,000 | 340,304 |
9.63%, 12/15/30 (f) | 350,000 | 419,426 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
3.75%, 02/15/28 (a) | 220,000 | 199,527 |
4.20%, 03/15/28 (a) | 350,000 | 322,356 |
2.25%, 01/15/29 (a) | 200,000 | 161,235 |
5.05%, 03/30/29 (a) | 175,000 | 164,937 |
2.80%, 04/01/31 (a) | 275,000 | 214,568 |
2.30%, 02/01/32 (a) | 250,000 | 184,782 |
Comcast Corp. | ||
3.15%, 02/15/28 (a) | 375,000 | 346,813 |
3.55%, 05/01/28 (a) | 200,000 | 188,223 |
4.15%, 10/15/28 (a) | 792,000 | 761,977 |
2.65%, 02/01/30 (a) | 325,000 | 281,403 |
3.40%, 04/01/30 (a) | 500,000 | 455,759 |
4.25%, 10/15/30 (a) | 100,000 | 96,015 |
1.95%, 01/15/31 (a) | 350,000 | 282,876 |
1.50%, 02/15/31 (a) | 325,000 | 253,538 |
5.50%, 11/15/32 (a) | 150,000 | 156,395 |
Crown Castle International Corp. | ||
3.80%, 02/15/28 (a) | 75,000 | 69,780 |
4.30%, 02/15/29 (a) | 225,000 | 212,902 |
3.10%, 11/15/29 (a) | 250,000 | 218,259 |
3.30%, 07/01/30 (a) | 100,000 | 87,509 |
2.25%, 01/15/31 (a) | 125,000 | 100,144 |
2.10%, 04/01/31 (a) | 225,000 | 177,361 |
2.50%, 07/15/31 (a) | 200,000 | 161,441 |
Deutsche Telekom International Finance BV | ||
8.75%, 06/15/30 (f) | 800,000 | 945,842 |
Discovery Communications LLC | ||
3.95%, 03/20/28 (a) | 200,000 | 177,807 |
4.13%, 05/15/29 (a) | 300,000 | 260,830 |
3.63%, 05/15/30 (a) | 175,000 | 144,737 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 175,000 | 137,889 |
Fox Corp. | ||
4.71%, 01/25/29 (a) | 500,000 | 484,324 |
3.50%, 04/08/30 (a) | 25,000 | 22,166 |
Interpublic Group of Cos., Inc. | ||
4.65%, 10/01/28 (a) | 100,000 | 95,996 |
4.75%, 03/30/30 (a) | 150,000 | 141,786 |
2.40%, 03/01/31 (a) | 100,000 | 79,248 |
Koninklijke KPN N.V. | ||
8.38%, 10/01/30 | 125,000 | 140,392 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Magallanes, Inc. | ||
4.05%, 03/15/29 (a)(d) | 350,000 | 303,811 |
4.28%, 03/15/32 (a)(d) | 950,000 | 784,100 |
Meta Platforms, Inc. | ||
3.85%, 08/15/32 (a) | 725,000 | 640,034 |
Omnicom Group, Inc. | ||
2.45%, 04/30/30 (a) | 225,000 | 186,382 |
4.20%, 06/01/30 (a) | 100,000 | 93,249 |
2.60%, 08/01/31 (a) | 100,000 | 81,988 |
Orange S.A. | ||
9.00%, 03/01/31 | 475,000 | 583,052 |
Rogers Communications, Inc. | ||
3.80%, 03/15/32 (a)(d) | 425,000 | 367,373 |
Take-Two Interactive Software, Inc. | ||
4.00%, 04/14/32 (a) | 125,000 | 110,904 |
TCI Communications, Inc. | ||
7.13%, 02/15/28 | 150,000 | 164,213 |
Telefonica Europe BV | ||
8.25%, 09/15/30 | 250,000 | 279,790 |
TELUS Corp. | ||
3.40%, 05/13/32 (a) | 200,000 | 170,688 |
T-Mobile USA, Inc. | ||
4.75%, 02/01/28 (a) | 350,000 | 341,288 |
2.05%, 02/15/28 (a) | 350,000 | 301,308 |
2.63%, 02/15/29 (a) | 200,000 | 169,854 |
2.40%, 03/15/29 (a) | 250,000 | 211,516 |
3.38%, 04/15/29 (a) | 550,000 | 485,567 |
3.88%, 04/15/30 (a) | 1,250,000 | 1,136,230 |
2.55%, 02/15/31 (a) | 625,000 | 510,410 |
2.88%, 02/15/31 (a) | 200,000 | 165,385 |
3.50%, 04/15/31 (a) | 150,000 | 130,152 |
2.25%, 11/15/31 (a) | 275,000 | 216,747 |
2.70%, 03/15/32 (a) | 350,000 | 283,406 |
TWDC Enterprises 18 Corp. | ||
7.00%, 03/01/32 | 125,000 | 141,648 |
Verizon Communications, Inc. | ||
2.10%, 03/22/28 (a) | 600,000 | 521,133 |
4.33%, 09/21/28 | 835,000 | 804,860 |
3.88%, 02/08/29 (a) | 125,000 | 117,503 |
4.02%, 12/03/29 (a) | 750,000 | 702,688 |
3.15%, 03/22/30 (a) | 275,000 | 242,637 |
1.50%, 09/18/30 (a) | 275,000 | 214,297 |
1.68%, 10/30/30 (a) | 250,000 | 194,682 |
7.75%, 12/01/30 | 200,000 | 231,196 |
1.75%, 01/20/31 (a) | 325,000 | 252,296 |
2.55%, 03/21/31 (a) | 925,000 | 762,456 |
2.36%, 03/15/32 (a) | 950,000 | 754,516 |
ViacomCBS, Inc. | ||
3.38%, 02/15/28 (a) | 150,000 | 133,359 |
3.70%, 06/01/28 (a) | 125,000 | 111,713 |
4.20%, 06/01/29 (a) | 100,000 | 89,056 |
7.88%, 07/30/30 | 225,000 | 240,208 |
4.95%, 01/15/31 (a) | 175,000 | 156,245 |
4.20%, 05/19/32 (a) | 100,000 | 81,948 |
Vodafone Group PLC | ||
4.38%, 05/30/28 | 200,000 | 196,893 |
7.88%, 02/15/30 | 125,000 | 140,961 |
Walt Disney Co. | ||
2.00%, 09/01/29 (a) | 450,000 | 378,179 |
3.80%, 03/22/30 | 325,000 | 302,959 |
2.65%, 01/13/31 | 500,000 | 427,774 |
Weibo Corp. | ||
3.38%, 07/08/30 (a) | 200,000 | 154,087 |
28,401,176 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Consumer Cyclical 7.3% | ||
Advance Auto Parts, Inc. | ||
3.90%, 04/15/30 (a) | 150,000 | 132,137 |
3.50%, 03/15/32 (a) | 50,000 | 41,037 |
Alibaba Group Holding Ltd. | ||
2.13%, 02/09/31 (a) | 350,000 | 278,928 |
Amazon.com, Inc. | ||
1.65%, 05/12/28 (a) | 475,000 | 409,335 |
3.45%, 04/13/29 (a) | 300,000 | 281,262 |
4.65%, 12/01/29 (a) | 300,000 | 297,955 |
1.50%, 06/03/30 (a) | 375,000 | 301,733 |
2.10%, 05/12/31 (a) | 600,000 | 492,085 |
3.60%, 04/13/32 (a) | 575,000 | 528,136 |
4.70%, 12/01/32 (a) | 400,000 | 397,589 |
American Honda Finance Corp. | ||
3.50%, 02/15/28 | 100,000 | 93,573 |
2.25%, 01/12/29 | 150,000 | 129,149 |
1.80%, 01/13/31 | 125,000 | 99,490 |
Aptiv PLC | ||
4.35%, 03/15/29 (a) | 50,000 | 47,203 |
3.25%, 03/01/32 (a) | 200,000 | 164,688 |
AutoNation, Inc. | ||
1.95%, 08/01/28 (a) | 100,000 | 80,230 |
4.75%, 06/01/30 (a) | 75,000 | 67,333 |
2.40%, 08/01/31 (a) | 100,000 | 72,133 |
3.85%, 03/01/32 (a) | 150,000 | 120,290 |
AutoZone, Inc. | ||
3.75%, 04/18/29 (a) | 125,000 | 115,984 |
4.00%, 04/15/30 (a) | 150,000 | 139,190 |
1.65%, 01/15/31 (a) | 125,000 | 97,042 |
4.75%, 08/01/32 (a) | 125,000 | 121,613 |
Best Buy Co., Inc. | ||
4.45%, 10/01/28 (a) | 50,000 | 48,282 |
1.95%, 10/01/30 (a) | 150,000 | 118,726 |
Block Financial LLC | ||
2.50%, 07/15/28 (a) | 150,000 | 127,633 |
3.88%, 08/15/30 (a) | 100,000 | 87,777 |
Booking Holdings, Inc. | ||
3.55%, 03/15/28 (a) | 75,000 | 70,049 |
4.63%, 04/13/30 (a) | 350,000 | 339,330 |
CBRE Services, Inc. | ||
2.50%, 04/01/31 (a) | 100,000 | 79,396 |
Choice Hotels International, Inc. | ||
3.70%, 12/01/29 (a) | 105,000 | 91,588 |
3.70%, 01/15/31 (a) | 75,000 | 64,032 |
Costco Wholesale Corp. | ||
1.60%, 04/20/30 (a) | 375,000 | 307,650 |
1.75%, 04/20/32 (a) | 200,000 | 158,396 |
Cummins, Inc. | ||
1.50%, 09/01/30 (a) | 200,000 | 157,577 |
Daimler Finance North America LLC | ||
8.50%, 01/18/31 | 300,000 | 371,072 |
Dick's Sporting Goods, Inc. | ||
3.15%, 01/15/32 (a) | 175,000 | 137,361 |
Dollar General Corp. | ||
4.13%, 05/01/28 (a) | 50,000 | 47,735 |
3.50%, 04/03/30 (a) | 225,000 | 202,158 |
5.00%, 11/01/32 (a) | 175,000 | 172,592 |
Dollar Tree, Inc. | ||
4.20%, 05/15/28 (a) | 275,000 | 264,021 |
2.65%, 12/01/31 (a) | 150,000 | 121,443 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
eBay, Inc. | ||
2.70%, 03/11/30 (a) | 275,000 | 234,218 |
2.60%, 05/10/31 (a) | 175,000 | 144,177 |
Expedia Group, Inc. | ||
3.80%, 02/15/28 (a) | 200,000 | 183,866 |
3.25%, 02/15/30 (a) | 225,000 | 191,370 |
2.95%, 03/15/31 (a) | 100,000 | 80,702 |
General Motors Co. | ||
5.00%, 10/01/28 (a) | 150,000 | 144,410 |
5.40%, 10/15/29 (a) | 300,000 | 287,308 |
5.60%, 10/15/32 (a) | 250,000 | 233,536 |
General Motors Financial Co., Inc. | ||
3.85%, 01/05/28 (a) | 100,000 | 91,678 |
2.40%, 04/10/28 (a) | 275,000 | 232,389 |
2.40%, 10/15/28 (a) | 250,000 | 208,131 |
5.65%, 01/17/29 (a) | 100,000 | 98,374 |
3.60%, 06/21/30 (a) | 300,000 | 252,679 |
2.35%, 01/08/31 (a) | 275,000 | 207,947 |
2.70%, 06/10/31 (a) | 275,000 | 211,797 |
3.10%, 01/12/32 (a) | 25,000 | 19,673 |
Genuine Parts Co. | ||
1.88%, 11/01/30 (a) | 125,000 | 96,210 |
2.75%, 02/01/32 (a) | 100,000 | 80,555 |
GLP Capital LP/GLP Financing II, Inc. | ||
5.75%, 06/01/28 (a) | 155,000 | 153,356 |
5.30%, 01/15/29 (a) | 150,000 | 142,158 |
4.00%, 01/15/30 (a) | 100,000 | 87,760 |
4.00%, 01/15/31 (a) | 75,000 | 64,032 |
3.25%, 01/15/32 (a) | 175,000 | 140,250 |
Home Depot, Inc. | ||
0.90%, 03/15/28 (a) | 100,000 | 83,093 |
1.50%, 09/15/28 (a) | 200,000 | 170,189 |
3.90%, 12/06/28 (a) | 250,000 | 241,147 |
2.95%, 06/15/29 (a) | 369,000 | 334,132 |
2.70%, 04/15/30 (a) | 300,000 | 262,246 |
1.38%, 03/15/31 (a) | 300,000 | 232,768 |
1.88%, 09/15/31 (a) | 200,000 | 160,102 |
3.25%, 04/15/32 (a) | 300,000 | 266,925 |
4.50%, 09/15/32 (a) | 125,000 | 122,631 |
Honda Motor Co., Ltd. | ||
2.97%, 03/10/32 (a) | 200,000 | 171,946 |
Hyatt Hotels Corp. | ||
4.38%, 09/15/28 (a) | 110,000 | 101,350 |
6.00%, 04/23/30 (a) | 75,000 | 73,363 |
JD.com, Inc. | ||
3.38%, 01/14/30 (a) | 200,000 | 175,498 |
Lear Corp. | ||
4.25%, 05/15/29 (a) | 25,000 | 22,601 |
3.50%, 05/30/30 (a) | 175,000 | 148,005 |
Lowe's Cos., Inc. | ||
1.30%, 04/15/28 (a) | 175,000 | 145,532 |
1.70%, 09/15/28 (a) | 150,000 | 126,211 |
6.50%, 03/15/29 | 97,000 | 104,635 |
3.65%, 04/05/29 (a) | 300,000 | 277,180 |
4.50%, 04/15/30 (a) | 250,000 | 240,021 |
1.70%, 10/15/30 (a) | 275,000 | 215,321 |
2.63%, 04/01/31 (a) | 300,000 | 248,877 |
3.75%, 04/01/32 (a) | 300,000 | 267,792 |
Magna International, Inc. | ||
2.45%, 06/15/30 (a) | 175,000 | 144,840 |
Marriott International, Inc. | ||
4.00%, 04/15/28 (a) | 75,000 | 70,021 |
4.65%, 12/01/28 (a) | 75,000 | 72,141 |
4.63%, 06/15/30 (a) | 225,000 | 210,631 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
2.85%, 04/15/31 (a) | 150,000 | 121,823 |
3.50%, 10/15/32 (a) | 225,000 | 187,665 |
McDonald's Corp. | ||
3.80%, 04/01/28 (a) | 250,000 | 239,630 |
2.63%, 09/01/29 (a) | 350,000 | 307,502 |
2.13%, 03/01/30 (a) | 100,000 | 83,685 |
3.60%, 07/01/30 (a) | 100,000 | 91,862 |
4.60%, 09/09/32 (a) | 125,000 | 122,582 |
MDC Holdings, Inc. | ||
3.85%, 01/15/30 (a) | 50,000 | 41,032 |
2.50%, 01/15/31 (a) | 100,000 | 72,257 |
NIKE, Inc. | ||
2.85%, 03/27/30 (a) | 300,000 | 268,187 |
NVR, Inc. | ||
3.00%, 05/15/30 (a) | 200,000 | 168,369 |
O'Reilly Automotive, Inc. | ||
4.35%, 06/01/28 (a) | 100,000 | 97,287 |
3.90%, 06/01/29 (a) | 150,000 | 139,844 |
4.20%, 04/01/30 (a) | 125,000 | 117,962 |
4.70%, 06/15/32 (a) | 200,000 | 194,095 |
Ralph Lauren Corp. | ||
2.95%, 06/15/30 (a) | 125,000 | 107,921 |
Ross Stores, Inc. | ||
1.88%, 04/15/31 (a) | 125,000 | 98,419 |
Starbucks Corp. | ||
3.50%, 03/01/28 (a) | 125,000 | 117,595 |
4.00%, 11/15/28 (a) | 136,000 | 129,786 |
3.55%, 08/15/29 (a) | 225,000 | 207,782 |
2.25%, 03/12/30 (a) | 175,000 | 145,602 |
2.55%, 11/15/30 (a) | 180,000 | 151,596 |
3.00%, 02/14/32 (a) | 225,000 | 192,840 |
Tapestry, Inc. | ||
3.05%, 03/15/32 (a) | 125,000 | 97,594 |
Target Corp. | ||
3.38%, 04/15/29 (a) | 200,000 | 186,092 |
2.35%, 02/15/30 (a) | 150,000 | 127,720 |
2.65%, 09/15/30 (a) | 150,000 | 128,996 |
4.50%, 09/15/32 (a) | 175,000 | 170,436 |
TJX Cos., Inc. | ||
1.15%, 05/15/28 (a) | 125,000 | 104,545 |
3.88%, 04/15/30 (a) | 125,000 | 116,896 |
1.60%, 05/15/31 (a) | 50,000 | 39,041 |
Toll Brothers Finance Corp. | ||
4.35%, 02/15/28 (a) | 150,000 | 137,196 |
3.80%, 11/01/29 (a) | 25,000 | 21,433 |
Toyota Motor Corp. | ||
3.67%, 07/20/28 | 100,000 | 95,058 |
2.76%, 07/02/29 | 100,000 | 88,897 |
Toyota Motor Credit Corp. | ||
3.05%, 01/11/28 | 100,000 | 92,693 |
1.90%, 04/06/28 | 250,000 | 217,882 |
3.65%, 01/08/29 | 125,000 | 117,686 |
2.15%, 02/13/30 | 150,000 | 126,509 |
3.38%, 04/01/30 | 250,000 | 227,654 |
1.65%, 01/10/31 | 150,000 | 118,327 |
1.90%, 09/12/31 | 100,000 | 79,166 |
2.40%, 01/13/32 | 150,000 | 123,305 |
Tractor Supply Co. | ||
1.75%, 11/01/30 (a) | 125,000 | 96,241 |
VF Corp. | ||
2.95%, 04/23/30 (a) | 150,000 | 125,012 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
VICI Properties LP | ||
4.75%, 02/15/28 (a) | 200,000 | 190,683 |
4.95%, 02/15/30 (a) | 200,000 | 188,819 |
5.13%, 05/15/32 (a) | 375,000 | 348,273 |
Walgreens Boots Alliance, Inc. | ||
3.20%, 04/15/30 (a) | 100,000 | 86,681 |
Walmart, Inc. | ||
3.70%, 06/26/28 (a) | 350,000 | 338,972 |
1.50%, 09/22/28 (a) | 350,000 | 300,508 |
3.25%, 07/08/29 (a) | 175,000 | 163,704 |
2.38%, 09/24/29 (a) | 100,000 | 87,877 |
7.55%, 02/15/30 | 50,000 | 58,885 |
1.80%, 09/22/31 (a) | 375,000 | 306,084 |
4.15%, 09/09/32 (a) | 150,000 | 146,726 |
24,011,621 | ||
Consumer Non-Cyclical 13.5% | ||
Abbott Laboratories | ||
1.15%, 01/30/28 (a) | 75,000 | 63,857 |
1.40%, 06/30/30 (a) | 200,000 | 159,381 |
AbbVie, Inc. | ||
4.25%, 11/14/28 (a) | 400,000 | 387,135 |
3.20%, 11/21/29 (a) | 1,025,000 | 925,333 |
Adventist Health System | ||
2.95%, 03/01/29 (a) | 75,000 | 64,231 |
Advocate Health & Hospitals Corp. | ||
3.83%, 08/15/28 (a) | 100,000 | 93,743 |
2.21%, 06/15/30 (a) | 50,000 | 41,261 |
Agilent Technologies, Inc. | ||
2.75%, 09/15/29 (a) | 100,000 | 86,314 |
2.10%, 06/04/30 (a) | 50,000 | 40,511 |
2.30%, 03/12/31 (a) | 175,000 | 141,757 |
Ahold Finance USA LLC | ||
6.88%, 05/01/29 | 100,000 | 104,496 |
Altria Group, Inc. | ||
4.80%, 02/14/29 (a) | 350,000 | 336,254 |
3.40%, 05/06/30 (a) | 175,000 | 149,625 |
2.45%, 02/04/32 (a) | 350,000 | 264,450 |
AmerisourceBergen Corp. | ||
2.80%, 05/15/30 (a) | 50,000 | 42,486 |
2.70%, 03/15/31 (a) | 250,000 | 207,806 |
Amgen, Inc. | ||
1.65%, 08/15/28 (a) | 200,000 | 167,256 |
3.00%, 02/22/29 (a) | 200,000 | 177,586 |
4.05%, 08/18/29 (a) | 300,000 | 281,342 |
2.45%, 02/21/30 (a) | 200,000 | 168,906 |
2.30%, 02/25/31 (a) | 325,000 | 265,113 |
2.00%, 01/15/32 (a) | 300,000 | 234,039 |
3.35%, 02/22/32 (a) | 175,000 | 153,008 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00%, 04/13/28 (a) | 400,000 | 382,307 |
4.75%, 01/23/29 (a) | 945,000 | 934,809 |
3.50%, 06/01/30 (a) | 350,000 | 318,799 |
4.90%, 01/23/31 (a) | 150,000 | 150,246 |
Archer-Daniels-Midland Co. | ||
3.25%, 03/27/30 (a) | 300,000 | 270,471 |
2.90%, 03/01/32 (a) | 150,000 | 129,263 |
Ascension Health | ||
2.53%, 11/15/29 (a) | 150,000 | 128,944 |
Astrazeneca Finance LLC | ||
1.75%, 05/28/28 (a) | 350,000 | 301,019 |
2.25%, 05/28/31 (a) | 50,000 | 41,709 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
AstraZeneca PLC | ||
4.00%, 01/17/29 (a) | 200,000 | 192,505 |
1.38%, 08/06/30 (a) | 250,000 | 197,991 |
Banner Health | ||
2.34%, 01/01/30 (a) | 50,000 | 41,843 |
1.90%, 01/01/31 (a) | 75,000 | 59,400 |
BAT Capital Corp. | ||
2.26%, 03/25/28 (a) | 375,000 | 312,325 |
3.46%, 09/06/29 (a) | 75,000 | 64,397 |
4.91%, 04/02/30 (a) | 275,000 | 252,323 |
2.73%, 03/25/31 (a) | 275,000 | 214,715 |
4.74%, 03/16/32 (a) | 25,000 | 22,260 |
7.75%, 10/19/32 (a) | 150,000 | 161,763 |
BAT International Finance PLC | ||
4.45%, 03/16/28 (a) | 250,000 | 231,893 |
Baxter International, Inc. | ||
2.27%, 12/01/28 (a) | 250,000 | 213,707 |
3.95%, 04/01/30 (a) | 125,000 | 114,082 |
1.73%, 04/01/31 (a) | 100,000 | 76,593 |
2.54%, 02/01/32 (a)(e) | 300,000 | 239,404 |
Baylor Scott & White Holdings | ||
1.78%, 11/15/30 (a) | 75,000 | 58,974 |
Becton Dickinson & Co. | ||
2.82%, 05/20/30 (a) | 150,000 | 128,878 |
1.96%, 02/11/31 (a) | 100,000 | 79,146 |
4.30%, 08/22/32 (a) | 150,000 | 140,851 |
Biogen, Inc. | ||
2.25%, 05/01/30 (a) | 325,000 | 264,871 |
Bio-Rad Laboratories, Inc. | ||
3.70%, 03/15/32 (a) | 175,000 | 150,237 |
Bon Secours Mercy Health, Inc. | ||
4.30%, 07/01/28 (a) | 50,000 | 47,617 |
3.46%, 06/01/30 (a) | 100,000 | 89,299 |
2.10%, 06/01/31 (a) | 50,000 | 39,077 |
Boston Scientific Corp. | ||
4.00%, 03/01/28 (a) | 100,000 | 97,019 |
2.65%, 06/01/30 (a) | 225,000 | 193,367 |
Bristol-Myers Squibb Co. | ||
3.90%, 02/20/28 (a) | 325,000 | 314,150 |
3.40%, 07/26/29 (a) | 400,000 | 371,939 |
1.45%, 11/13/30 (a) | 175,000 | 138,330 |
2.95%, 03/15/32 (a) | 400,000 | 349,213 |
Brunswick Corp. | ||
2.40%, 08/18/31 (a) | 225,000 | 165,818 |
Bunge Ltd. Finance Corp. | ||
2.75%, 05/14/31 (a) | 225,000 | 185,167 |
Campbell Soup Co. | ||
4.15%, 03/15/28 (a) | 175,000 | 167,563 |
2.38%, 04/24/30 (a) | 150,000 | 124,808 |
Cedars-Sinai Health System | ||
2.29%, 08/15/31 (a) | 75,000 | 60,440 |
CHRISTUS Health | ||
4.34%, 07/01/28 (a) | 75,000 | 71,675 |
Church & Dwight Co., Inc. | ||
2.30%, 12/15/31 (a) | 100,000 | 80,264 |
5.60%, 11/15/32 (a) | 50,000 | 51,926 |
Cigna Corp. | ||
4.38%, 10/15/28 (a) | 775,000 | 748,661 |
2.40%, 03/15/30 (a) | 300,000 | 251,716 |
2.38%, 03/15/31 (a) | 275,000 | 225,388 |
Clorox Co. | ||
4.40%, 05/01/29 (a) | 150,000 | 144,935 |
1.80%, 05/15/30 (a) | 100,000 | 79,719 |
4.60%, 05/01/32 (a) | 175,000 | 168,484 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Coca-Cola Co. | ||
1.50%, 03/05/28 | 150,000 | 129,599 |
1.00%, 03/15/28 | 300,000 | 251,622 |
2.13%, 09/06/29 | 175,000 | 149,941 |
3.45%, 03/25/30 | 250,000 | 232,588 |
1.65%, 06/01/30 | 325,000 | 266,004 |
2.00%, 03/05/31 | 175,000 | 144,648 |
1.38%, 03/15/31 | 225,000 | 176,279 |
2.25%, 01/05/32 | 400,000 | 335,380 |
Coca-Cola Femsa S.A.B. de C.V. | ||
2.75%, 01/22/30 (a) | 350,000 | 305,096 |
Colgate-Palmolive Co. | ||
3.25%, 08/15/32 (a) | 125,000 | 113,154 |
CommonSpirit Health | ||
3.35%, 10/01/29 (a) | 145,000 | 126,048 |
2.78%, 10/01/30 (a) | 175,000 | 144,142 |
Conagra Brands, Inc. | ||
7.00%, 10/01/28 | 100,000 | 106,878 |
4.85%, 11/01/28 (a) | 200,000 | 194,964 |
8.25%, 09/15/30 | 75,000 | 85,467 |
Constellation Brands, Inc. | ||
3.60%, 02/15/28 (a) | 150,000 | 138,951 |
4.65%, 11/15/28 (a) | 125,000 | 121,034 |
3.15%, 08/01/29 (a) | 75,000 | 65,838 |
2.88%, 05/01/30 (a) | 125,000 | 106,494 |
2.25%, 08/01/31 (a) | 200,000 | 158,955 |
4.75%, 05/09/32 (a) | 150,000 | 144,168 |
CVS Health Corp. | ||
4.30%, 03/25/28 (a) | 957,000 | 926,277 |
3.25%, 08/15/29 (a) | 300,000 | 268,916 |
3.75%, 04/01/30 (a) | 400,000 | 363,591 |
1.75%, 08/21/30 (a) | 325,000 | 255,905 |
1.88%, 02/28/31 (a) | 150,000 | 117,724 |
2.13%, 09/15/31 (a) | 200,000 | 158,819 |
DENTSPLY SIRONA, Inc. | ||
3.25%, 06/01/30 (a) | 150,000 | 124,469 |
DH Europe Finance II Sarl | ||
2.60%, 11/15/29 (a) | 175,000 | 153,433 |
Diageo Capital PLC | ||
3.88%, 05/18/28 (a) | 200,000 | 190,953 |
2.00%, 04/29/30 (a) | 425,000 | 350,726 |
Edwards Lifesciences Corp. | ||
4.30%, 06/15/28 (a) | 125,000 | 119,864 |
Eli Lilly & Co. | ||
3.38%, 03/15/29 (a) | 200,000 | 187,682 |
Estee Lauder Cos., Inc. | ||
2.38%, 12/01/29 (a) | 200,000 | 172,162 |
2.60%, 04/15/30 (a) | 150,000 | 129,383 |
1.95%, 03/15/31 (a) | 75,000 | 60,748 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 100,000 | 80,608 |
GE HealthCare Technologies, Inc. | ||
5.86%, 03/15/30 (a)(d) | 300,000 | 307,963 |
5.91%, 11/22/32 (a)(d) | 300,000 | 311,916 |
General Mills, Inc. | ||
4.20%, 04/17/28 (a) | 275,000 | 266,184 |
2.88%, 04/15/30 (a) | 125,000 | 108,411 |
2.25%, 10/14/31 (a) | 100,000 | 80,364 |
Gilead Sciences, Inc. | ||
1.65%, 10/01/30 (a) | 225,000 | 178,816 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 200,000 | 184,894 |
GlaxoSmithKline Capital, Inc. | ||
3.88%, 05/15/28 | 375,000 | 360,730 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
GSK Consumer Healthcare Capital US LLC | ||
3.63%, 03/24/32 (a) | 450,000 | 396,960 |
Hasbro, Inc. | ||
3.90%, 11/19/29 (a) | 200,000 | 178,133 |
HCA, Inc. | ||
5.63%, 09/01/28 (a) | 400,000 | 398,640 |
3.38%, 03/15/29 (a)(d) | 150,000 | 131,871 |
4.13%, 06/15/29 (a) | 400,000 | 366,136 |
3.50%, 09/01/30 (a) | 600,000 | 517,210 |
2.38%, 07/15/31 (a) | 225,000 | 175,187 |
3.63%, 03/15/32 (a)(d) | 375,000 | 317,677 |
Hershey Co. | ||
1.70%, 06/01/30 (a) | 75,000 | 60,328 |
Hormel Foods Corp. | ||
1.70%, 06/03/28 (a) | 150,000 | 129,949 |
1.80%, 06/11/30 (a) | 200,000 | 163,461 |
Illumina, Inc. | ||
2.55%, 03/23/31 (a) | 125,000 | 100,422 |
Ingredion, Inc. | ||
2.90%, 06/01/30 (a) | 125,000 | 106,135 |
JBS USA LUX S.A. | ||
5.13%, 02/01/28 (a)(d) | 250,000 | 237,616 |
3.63%, 01/15/32 (a)(d) | 350,000 | 286,162 |
3.00%, 05/15/32 (a)(d) | 300,000 | 230,728 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
3.75%, 12/01/31 (a)(d) | 150,000 | 122,547 |
JM Smucker Co. | ||
2.38%, 03/15/30 (a) | 150,000 | 124,452 |
2.13%, 03/15/32 (a) | 100,000 | 77,831 |
Johnson & Johnson | ||
2.90%, 01/15/28 (a) | 300,000 | 279,829 |
6.95%, 09/01/29 | 87,000 | 103,015 |
1.30%, 09/01/30 (a) | 350,000 | 282,801 |
Kellogg Co. | ||
4.30%, 05/15/28 (a) | 75,000 | 73,032 |
2.10%, 06/01/30 (a) | 100,000 | 81,215 |
7.45%, 04/01/31 | 150,000 | 171,140 |
Keurig Dr Pepper, Inc. | ||
4.60%, 05/25/28 (a) | 225,000 | 220,770 |
3.95%, 04/15/29 (a) | 50,000 | 46,518 |
3.20%, 05/01/30 (a) | 200,000 | 174,469 |
2.25%, 03/15/31 (a) | 75,000 | 60,473 |
4.05%, 04/15/32 (a) | 350,000 | 319,212 |
Kimberly-Clark Corp. | ||
3.95%, 11/01/28 (a) | 100,000 | 96,568 |
3.20%, 04/25/29 (a) | 135,000 | 123,244 |
3.10%, 03/26/30 (a) | 150,000 | 134,989 |
2.00%, 11/02/31 (a) | 150,000 | 120,891 |
Kraft Heinz Foods Co. | ||
4.63%, 01/30/29 (a) | 75,000 | 74,348 |
3.75%, 04/01/30 (a) | 150,000 | 137,096 |
4.25%, 03/01/31 (a) | 100,000 | 93,578 |
6.75%, 03/15/32 | 50,000 | 54,486 |
Kroger Co. | ||
4.50%, 01/15/29 (a) | 125,000 | 120,788 |
2.20%, 05/01/30 (a) | 100,000 | 81,107 |
1.70%, 01/15/31 (a) | 175,000 | 135,192 |
7.50%, 04/01/31 | 50,000 | 56,536 |
Laboratory Corp. of America Holdings | ||
2.95%, 12/01/29 (a) | 200,000 | 172,313 |
2.70%, 06/01/31 (a) | 50,000 | 41,573 |
McCormick & Co., Inc. | ||
2.50%, 04/15/30 (a) | 100,000 | 83,600 |
1.85%, 02/15/31 (a) | 100,000 | 77,524 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
McKesson Corp. | ||
3.95%, 02/16/28 (a) | 75,000 | 71,061 |
Merck & Co., Inc. | ||
1.90%, 12/10/28 (a) | 200,000 | 172,298 |
3.40%, 03/07/29 (a) | 350,000 | 326,360 |
1.45%, 06/24/30 (a) | 250,000 | 199,886 |
2.15%, 12/10/31 (a) | 400,000 | 327,031 |
Mondelez International, Inc. | ||
2.75%, 04/13/30 (a) | 175,000 | 151,036 |
1.50%, 02/04/31 (a) | 250,000 | 192,687 |
3.00%, 03/17/32 (a) | 175,000 | 149,469 |
Mylan, Inc. | ||
4.55%, 04/15/28 (a) | 175,000 | 162,231 |
Novartis Capital Corp. | ||
2.20%, 08/14/30 (a) | 325,000 | 276,536 |
Ochsner LSU Health System of North Louisiana | ||
2.51%, 05/15/31 (a) | 75,000 | 54,410 |
OhioHealth Corp. | ||
2.30%, 11/15/31 (a) | 75,000 | 60,284 |
PepsiCo, Inc. | ||
3.60%, 02/18/28 (a) | 100,000 | 96,113 |
7.00%, 03/01/29 | 100,000 | 112,714 |
2.63%, 07/29/29 (a) | 200,000 | 176,889 |
2.75%, 03/19/30 (a) | 275,000 | 243,618 |
1.63%, 05/01/30 (a) | 225,000 | 183,752 |
1.40%, 02/25/31 (a) | 150,000 | 118,322 |
1.95%, 10/21/31 (a) | 275,000 | 222,213 |
3.90%, 07/18/32 (a) | 275,000 | 260,339 |
PerkinElmer, Inc. | ||
3.30%, 09/15/29 (a) | 200,000 | 174,539 |
2.55%, 03/15/31 (a) | 100,000 | 80,958 |
2.25%, 09/15/31 (a) | 150,000 | 117,688 |
Pfizer, Inc. | ||
3.60%, 09/15/28 (a) | 200,000 | 191,880 |
3.45%, 03/15/29 (a) | 350,000 | 330,140 |
2.63%, 04/01/30 (a) | 250,000 | 219,706 |
1.70%, 05/28/30 (a) | 200,000 | 164,765 |
1.75%, 08/18/31 (a) | 200,000 | 161,106 |
Pharmacia LLC | ||
6.60%, 12/01/28 | 150,000 | 165,382 |
Philip Morris International, Inc. | ||
3.13%, 03/02/28 (a)(e) | 150,000 | 136,661 |
3.38%, 08/15/29 (a) | 125,000 | 112,868 |
2.10%, 05/01/30 (a) | 325,000 | 263,740 |
1.75%, 11/01/30 (a) | 125,000 | 98,036 |
5.75%, 11/17/32 (a) | 400,000 | 409,824 |
Piedmont Healthcare, Inc. | ||
2.04%, 01/01/32 (a) | 75,000 | 57,892 |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a)(d) | 200,000 | 170,402 |
3.50%, 03/01/32 (a)(d) | 150,000 | 117,451 |
Procter & Gamble Co. | ||
3.00%, 03/25/30 | 325,000 | 296,763 |
1.20%, 10/29/30 | 275,000 | 216,308 |
1.95%, 04/23/31 | 175,000 | 146,579 |
2.30%, 02/01/32 | 175,000 | 147,436 |
Providence St Joseph Health Obligated Group | ||
2.53%, 10/01/29 (a) | 150,000 | 126,638 |
Quest Diagnostics, Inc. | ||
4.20%, 06/30/29 (a) | 100,000 | 95,720 |
2.95%, 06/30/30 (a) | 150,000 | 130,021 |
2.80%, 06/30/31 (a) | 100,000 | 83,948 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 275,000 | 213,336 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Royalty Pharma PLC | ||
2.20%, 09/02/30 (a) | 250,000 | 195,872 |
2.15%, 09/02/31 (a) | 100,000 | 75,698 |
Rush Obligated Group | ||
3.92%, 11/15/29 (a) | 75,000 | 68,026 |
Sanofi | ||
3.63%, 06/19/28 (a) | 225,000 | 215,166 |
Smith & Nephew PLC | ||
2.03%, 10/14/30 (a) | 225,000 | 177,104 |
Stanford Health Care | ||
3.31%, 08/15/30 (a) | 75,000 | 66,996 |
STERIS Irish FinCo Unlimited Co. | ||
2.70%, 03/15/31 (a) | 150,000 | 122,114 |
Stryker Corp. | ||
3.65%, 03/07/28 (a) | 175,000 | 166,493 |
1.95%, 06/15/30 (a) | 125,000 | 101,877 |
Sutter Health | ||
3.70%, 08/15/28 (a) | 50,000 | 46,004 |
2.29%, 08/15/30 (a) | 175,000 | 141,671 |
Sysco Corp. | ||
2.40%, 02/15/30 (a) | 90,000 | 75,024 |
5.95%, 04/01/30 (a) | 175,000 | 181,773 |
2.45%, 12/14/31 (a) | 150,000 | 120,642 |
Takeda Pharmaceutical Co., Ltd. | ||
5.00%, 11/26/28 (a) | 225,000 | 223,534 |
2.05%, 03/31/30 (a) | 500,000 | 408,912 |
Thermo Fisher Scientific, Inc. | ||
1.75%, 10/15/28 (a) | 125,000 | 106,139 |
2.60%, 10/01/29 (a) | 100,000 | 88,270 |
2.00%, 10/15/31 (a) | 300,000 | 243,081 |
4.95%, 11/21/32 (a) | 100,000 | 101,888 |
Tyson Foods, Inc. | ||
4.35%, 03/01/29 (a) | 200,000 | 191,414 |
Unilever Capital Corp. | ||
3.50%, 03/22/28 (a) | 300,000 | 283,223 |
2.13%, 09/06/29 (a) | 200,000 | 169,528 |
1.38%, 09/14/30 (a) | 100,000 | 78,228 |
1.75%, 08/12/31 (a) | 250,000 | 197,601 |
5.90%, 11/15/32 | 100,000 | 108,305 |
Universal Health Services, Inc. | ||
2.65%, 10/15/30 (a) | 200,000 | 159,638 |
2.65%, 01/15/32 (a) | 100,000 | 76,619 |
Viatris, Inc. | ||
2.70%, 06/22/30 (a) | 300,000 | 235,521 |
Whirlpool Corp. | ||
4.75%, 02/26/29 (a) | 140,000 | 136,460 |
2.40%, 05/15/31 (a) | 150,000 | 118,805 |
Zimmer Biomet Holdings, Inc. | ||
2.60%, 11/24/31 (a) | 175,000 | 141,811 |
Zoetis, Inc. | ||
3.90%, 08/20/28 (a) | 200,000 | 190,513 |
2.00%, 05/15/30 (a) | 100,000 | 81,416 |
5.60%, 11/16/32 (a) | 100,000 | 103,890 |
44,280,022 | ||
Energy 6.1% | ||
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. | ||
3.14%, 11/07/29 (a) | 100,000 | 88,344 |
4.49%, 05/01/30 (a) | 125,000 | 119,562 |
Boardwalk Pipelines LP | ||
4.80%, 05/03/29 (a) | 50,000 | 47,149 |
3.40%, 02/15/31 (a) | 225,000 | 189,014 |
3.60%, 09/01/32 (a) | 50,000 | 41,586 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
BP Capital Markets America, Inc. | ||
3.94%, 09/21/28 (a) | 200,000 | 191,438 |
4.23%, 11/06/28 (a) | 400,000 | 387,884 |
3.63%, 04/06/30 (a) | 250,000 | 229,736 |
1.75%, 08/10/30 (a) | 200,000 | 159,824 |
2.72%, 01/12/32 (a) | 400,000 | 335,197 |
BP Capital Markets PLC | ||
3.72%, 11/28/28 (a) | 150,000 | 142,277 |
Burlington Resources LLC | ||
7.20%, 08/15/31 | 100,000 | 113,877 |
7.40%, 12/01/31 | 25,000 | 28,812 |
Canadian Natural Resources Ltd. | ||
2.95%, 07/15/30 (a) | 175,000 | 147,875 |
7.20%, 01/15/32 | 25,000 | 27,144 |
Cenovus Energy, Inc. | ||
2.65%, 01/15/32 (a) | 125,000 | 99,903 |
Cheniere Corpus Christi Holdings LLC | ||
3.70%, 11/15/29 (a) | 300,000 | 272,320 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 350,000 | 315,737 |
4.00%, 03/01/31 (a) | 300,000 | 257,907 |
3.25%, 01/31/32 (a) | 200,000 | 160,125 |
Chevron Corp. | ||
2.24%, 05/11/30 (a) | 300,000 | 257,313 |
Chevron USA, Inc. | ||
3.85%, 01/15/28 (a) | 75,000 | 72,518 |
3.25%, 10/15/29 (a) | 100,000 | 91,905 |
Conoco Funding Co. | ||
7.25%, 10/15/31 | 125,000 | 142,916 |
ConocoPhillips Co. | ||
6.95%, 04/15/29 | 250,000 | 277,035 |
Continental Resources, Inc. | ||
4.38%, 01/15/28 (a) | 225,000 | 205,095 |
Coterra Energy, Inc. | ||
4.38%, 03/15/29 (a) | 145,000 | 136,662 |
DCP Midstream Operating LP | ||
5.13%, 05/15/29 (a) | 100,000 | 96,676 |
8.13%, 08/16/30 | 50,000 | 56,054 |
3.25%, 02/15/32 (a) | 75,000 | 61,942 |
Devon Energy Corp. | ||
5.88%, 06/15/28 (a)(d) | 54,000 | 54,823 |
4.50%, 01/15/30 (a) | 180,000 | 168,290 |
7.88%, 09/30/31 | 100,000 | 113,796 |
7.95%, 04/15/32 | 75,000 | 85,999 |
Diamondback Energy, Inc. | ||
3.50%, 12/01/29 (a) | 225,000 | 197,927 |
3.13%, 03/24/31 (a) | 150,000 | 124,744 |
Eastern Gas Transmission & Storage, Inc. | ||
3.00%, 11/15/29 (a) | 100,000 | 86,856 |
Enable Midstream Partners LP | ||
4.95%, 05/15/28 (a) | 250,000 | 240,542 |
4.15%, 09/15/29 (a) | 35,000 | 31,649 |
Enbridge, Inc. | ||
3.13%, 11/15/29 (a) | 225,000 | 196,608 |
Energy Transfer LP | ||
4.95%, 06/15/28 (a) | 175,000 | 169,456 |
5.25%, 04/15/29 (a) | 325,000 | 315,316 |
3.75%, 05/15/30 (a) | 325,000 | 286,923 |
Enterprise Products Operating LLC | ||
4.15%, 10/16/28 (a) | 200,000 | 189,594 |
3.13%, 07/31/29 (a) | 235,000 | 207,168 |
2.80%, 01/31/30 (a) | 325,000 | 277,189 |
5.38%, 02/15/78 (a)(b) | 100,000 | 77,827 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
EOG Resources, Inc. | ||
4.38%, 04/15/30 (a) | 100,000 | 96,967 |
EQT Corp. | ||
5.70%, 04/01/28 (a) | 100,000 | 99,575 |
5.00%, 01/15/29 (a) | 100,000 | 94,217 |
7.50%, 02/01/30 (a)(f) | 125,000 | 129,731 |
Exxon Mobil Corp. | ||
2.44%, 08/16/29 (a) | 275,000 | 241,036 |
3.48%, 03/19/30 (a) | 500,000 | 466,633 |
2.61%, 10/15/30 (a) | 275,000 | 240,489 |
Halliburton Co. | ||
2.92%, 03/01/30 (a) | 225,000 | 193,601 |
Helmerich and Payne, Inc. | ||
2.90%, 09/29/31 (a) | 125,000 | 101,538 |
Hess Corp. | ||
7.88%, 10/01/29 | 125,000 | 139,504 |
7.30%, 08/15/31 | 100,000 | 109,077 |
HF Sinclair Corp. | ||
4.50%, 10/01/30 (a) | 75,000 | 65,951 |
Kinder Morgan Energy Partners LP | ||
7.40%, 03/15/31 | 50,000 | 54,734 |
7.75%, 03/15/32 | 125,000 | 139,053 |
Kinder Morgan, Inc. | ||
4.30%, 03/01/28 (a) | 225,000 | 215,968 |
2.00%, 02/15/31 (a) | 150,000 | 116,593 |
7.80%, 08/01/31 | 100,000 | 111,862 |
7.75%, 01/15/32 | 200,000 | 225,466 |
Magellan Midstream Partners LP | ||
3.25%, 06/01/30 (a) | 100,000 | 87,451 |
Marathon Oil Corp. | ||
6.80%, 03/15/32 | 125,000 | 128,980 |
Marathon Petroleum Corp. | ||
3.80%, 04/01/28 (a) | 105,000 | 97,260 |
MPLX LP | ||
4.00%, 03/15/28 (a) | 300,000 | 279,982 |
4.80%, 02/15/29 (a) | 125,000 | 119,796 |
2.65%, 08/15/30 (a) | 250,000 | 203,229 |
4.95%, 09/01/32 (a) | 225,000 | 211,444 |
National Fuel Gas Co. | ||
4.75%, 09/01/28 (a) | 50,000 | 47,580 |
2.95%, 03/01/31 (a) | 125,000 | 98,545 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 110,000 | 96,961 |
ONEOK, Inc. | ||
4.55%, 07/15/28 (a) | 175,000 | 165,747 |
4.35%, 03/15/29 (a) | 250,000 | 232,325 |
3.40%, 09/01/29 (a) | 125,000 | 108,248 |
3.10%, 03/15/30 (a) | 225,000 | 189,237 |
6.35%, 01/15/31 (a) | 105,000 | 107,351 |
Ovintiv, Inc. | ||
8.13%, 09/15/30 | 100,000 | 110,297 |
7.20%, 11/01/31 | 100,000 | 105,576 |
7.38%, 11/01/31 | 50,000 | 53,798 |
Phillips 66 | ||
3.90%, 03/15/28 (a) | 150,000 | 141,980 |
2.15%, 12/15/30 (a) | 150,000 | 120,198 |
Phillips 66 Partners LP | ||
3.75%, 03/01/28 (a) | 75,000 | 69,317 |
3.15%, 12/15/29 (a)(d) | 125,000 | 109,413 |
Pioneer Natural Resources Co. | ||
1.90%, 08/15/30 (a) | 300,000 | 236,038 |
2.15%, 01/15/31 (a) | 150,000 | 119,116 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55%, 12/15/29 (a) | 175,000 | 152,234 |
3.80%, 09/15/30 (a) | 200,000 | 174,331 |
Sabine Pass Liquefaction LLC | ||
4.20%, 03/15/28 (a) | 350,000 | 329,490 |
4.50%, 05/15/30 (a) | 350,000 | 325,577 |
Schlumberger Investment S.A. | ||
2.65%, 06/26/30 (a) | 175,000 | 150,362 |
Shell International Finance BV | ||
3.88%, 11/13/28 (a) | 300,000 | 289,157 |
2.38%, 11/07/29 (a) | 265,000 | 229,495 |
2.75%, 04/06/30 (a) | 400,000 | 352,064 |
Suncor Energy, Inc. | ||
7.15%, 02/01/32 | 100,000 | 107,777 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 (a) | 175,000 | 167,352 |
6.88%, 01/15/29 (a) | 100,000 | 101,174 |
5.50%, 03/01/30 (a) | 250,000 | 236,070 |
4.88%, 02/01/31 (a) | 150,000 | 135,664 |
4.00%, 01/15/32 (a) | 200,000 | 168,331 |
Tennessee Gas Pipeline Co. LLC | ||
7.00%, 10/15/28 | 125,000 | 133,751 |
Texas Eastern Transmission LP | ||
7.00%, 07/15/32 | 100,000 | 110,584 |
Tosco Corp. | ||
8.13%, 02/15/30 | 150,000 | 175,881 |
TotalEnergies Capital International S.A. | ||
3.46%, 02/19/29 (a) | 300,000 | 278,921 |
2.83%, 01/10/30 (a) | 225,000 | 199,113 |
TotalEnergies Capital S.A. | ||
3.88%, 10/11/28 | 200,000 | 193,624 |
TransCanada PipeLines Ltd. | ||
4.25%, 05/15/28 (a) | 325,000 | 308,944 |
4.10%, 04/15/30 (a) | 250,000 | 229,381 |
2.50%, 10/12/31 (a) | 175,000 | 139,415 |
Transcontinental Gas Pipe Line Co. LLC | ||
4.00%, 03/15/28 (a) | 175,000 | 164,817 |
3.25%, 05/15/30 (a) | 100,000 | 87,046 |
Valero Energy Corp. | ||
4.35%, 06/01/28 (a) | 150,000 | 145,024 |
4.00%, 04/01/29 (a) | 75,000 | 70,726 |
2.80%, 12/01/31 (a) | 75,000 | 61,318 |
7.50%, 04/15/32 | 150,000 | 169,210 |
Valero Energy Partners LP | ||
4.50%, 03/15/28 (a) | 100,000 | 97,218 |
Williams Cos., Inc. | ||
3.50%, 11/15/30 (a) | 150,000 | 131,665 |
2.60%, 03/15/31 (a) | 350,000 | 284,392 |
8.75%, 03/15/32 | 100,000 | 119,341 |
4.65%, 08/15/32 (a) | 250,000 | 233,964 |
19,913,811 | ||
Industrial Other 0.2% | ||
Cintas Corp. No. 2 | ||
4.00%, 05/01/32 (a) | 125,000 | 117,721 |
Emory University | ||
2.14%, 09/01/30 (a) | 100,000 | 82,725 |
Quanta Services, Inc. | ||
2.90%, 10/01/30 (a) | 225,000 | 186,015 |
2.35%, 01/15/32 (a) | 150,000 | 114,321 |
Yale University | ||
1.48%, 04/15/30 (a) | 100,000 | 80,182 |
580,964 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Technology 9.8% | ||
Adobe, Inc. | ||
2.30%, 02/01/30 (a) | 275,000 | 234,907 |
Advanced Micro Devices, Inc. | ||
3.92%, 06/01/32 (a) | 100,000 | 93,313 |
Alphabet, Inc. | ||
1.10%, 08/15/30 (a) | 425,000 | 334,444 |
Amdocs Ltd. | ||
2.54%, 06/15/30 (a) | 125,000 | 101,847 |
Analog Devices, Inc. | ||
1.70%, 10/01/28 (a) | 150,000 | 127,293 |
2.10%, 10/01/31 (a) | 225,000 | 182,255 |
Apple Inc. | ||
1.20%, 02/08/28 (a) | 450,000 | 382,556 |
1.40%, 08/05/28 (a) | 525,000 | 445,442 |
3.25%, 08/08/29 (a) | 200,000 | 185,588 |
2.20%, 09/11/29 (a) | 400,000 | 346,003 |
1.65%, 05/11/30 (a) | 400,000 | 328,255 |
1.25%, 08/20/30 (a) | 300,000 | 236,544 |
1.65%, 02/08/31 (a) | 625,000 | 503,838 |
3.35%, 08/08/32 (a) | 300,000 | 272,803 |
Applied Materials, Inc. | ||
1.75%, 06/01/30 (a) | 100,000 | 81,643 |
Arrow Electronics, Inc. | ||
3.88%, 01/12/28 (a) | 175,000 | 159,576 |
2.95%, 02/15/32 (a) | 50,000 | 39,544 |
Autodesk, Inc. | ||
2.85%, 01/15/30 (a) | 135,000 | 116,260 |
2.40%, 12/15/31 (a) | 175,000 | 140,453 |
Automatic Data Processing, Inc. | ||
1.70%, 05/15/28 (a) | 150,000 | 130,433 |
1.25%, 09/01/30 (a) | 175,000 | 136,809 |
Avnet, Inc. | ||
3.00%, 05/15/31 (a) | 50,000 | 38,807 |
5.50%, 06/01/32 (a) | 75,000 | 69,340 |
Baidu, Inc. | ||
3.43%, 04/07/30 (a) | 200,000 | 173,995 |
2.38%, 10/09/30 (a) | 200,000 | 159,388 |
Broadcom Corp./Broadcom Cayman Finance Ltd. | ||
3.50%, 01/15/28 (a) | 200,000 | 182,567 |
Broadcom, Inc. | ||
1.95%, 02/15/28 (a)(d) | 100,000 | 84,656 |
4.11%, 09/15/28 (a) | 350,000 | 326,914 |
4.00%, 04/15/29 (a)(d) | 200,000 | 182,102 |
4.75%, 04/15/29 (a) | 360,000 | 343,827 |
5.00%, 04/15/30 (a) | 150,000 | 142,327 |
4.15%, 11/15/30 (a) | 365,000 | 327,674 |
2.45%, 02/15/31 (a)(d) | 450,000 | 354,933 |
4.15%, 04/15/32 (a)(d) | 250,000 | 220,143 |
4.30%, 11/15/32 (a) | 300,000 | 265,295 |
Broadridge Financial Solutions, Inc. | ||
2.90%, 12/01/29 (a) | 150,000 | 127,198 |
2.60%, 05/01/31 (a) | 225,000 | 183,661 |
CDW LLC/CDW Finance Corp. | ||
4.25%, 04/01/28 (a) | 200,000 | 184,334 |
3.28%, 12/01/28 (a) | 150,000 | 128,918 |
3.25%, 02/15/29 (a) | 100,000 | 85,399 |
3.57%, 12/01/31 (a) | 125,000 | 103,439 |
CGI, Inc. | ||
2.30%, 09/14/31 (a) | 100,000 | 75,837 |
Dell International LLC/EMC Corp. | ||
5.30%, 10/01/29 (a) | 380,000 | 371,685 |
6.20%, 07/15/30 (a) | 100,000 | 102,054 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Dell, Inc. | ||
7.10%, 04/15/28 | 100,000 | 107,566 |
DXC Technology Co. | ||
2.38%, 09/15/28 (a) | 150,000 | 126,398 |
Equifax, Inc. | ||
3.10%, 05/15/30 (a) | 150,000 | 126,616 |
2.35%, 09/15/31 (a) | 175,000 | 136,006 |
Equinix, Inc. | ||
1.55%, 03/15/28 (a) | 100,000 | 82,905 |
2.00%, 05/15/28 (a) | 50,000 | 42,249 |
3.20%, 11/18/29 (a) | 150,000 | 130,828 |
2.15%, 07/15/30 (a) | 200,000 | 159,771 |
2.50%, 05/15/31 (a) | 300,000 | 241,108 |
3.90%, 04/15/32 (a) | 350,000 | 310,599 |
FactSet Research Systems, Inc. | ||
3.45%, 03/01/32 (a) | 125,000 | 105,736 |
Fidelity National Information Services, Inc. | ||
1.65%, 03/01/28 (a) | 150,000 | 124,966 |
3.75%, 05/21/29 (a) | 225,000 | 205,692 |
2.25%, 03/01/31 (a) | 250,000 | 196,996 |
5.10%, 07/15/32 (a) | 75,000 | 72,448 |
Fiserv, Inc. | ||
4.20%, 10/01/28 (a) | 175,000 | 165,854 |
3.50%, 07/01/29 (a) | 700,000 | 631,333 |
2.65%, 06/01/30 (a) | 150,000 | 126,034 |
Flex Ltd. | ||
4.88%, 06/15/29 (a) | 150,000 | 141,442 |
4.88%, 05/12/30 (a) | 150,000 | 140,717 |
Fortinet, Inc. | ||
2.20%, 03/15/31 (a) | 125,000 | 96,452 |
Global Payments, Inc. | ||
4.45%, 06/01/28 (a) | 100,000 | 93,184 |
3.20%, 08/15/29 (a) | 280,000 | 239,484 |
2.90%, 05/15/30 (a) | 225,000 | 184,957 |
2.90%, 11/15/31 (a) | 200,000 | 158,203 |
5.40%, 08/15/32 (a) | 175,000 | 167,115 |
HP, Inc. | ||
4.75%, 01/15/28 (a) | 25,000 | 24,315 |
4.00%, 04/15/29 (a) | 225,000 | 206,240 |
3.40%, 06/17/30 (a) | 250,000 | 212,062 |
2.65%, 06/17/31 (a) | 275,000 | 214,728 |
4.20%, 04/15/32 (a) | 150,000 | 129,013 |
Intel Corp. | ||
1.60%, 08/12/28 (a) | 150,000 | 127,598 |
4.00%, 08/05/29 (a) | 150,000 | 143,216 |
2.45%, 11/15/29 (a) | 400,000 | 343,527 |
3.90%, 03/25/30 (a) | 275,000 | 258,233 |
2.00%, 08/12/31 (a) | 300,000 | 238,410 |
4.15%, 08/05/32 (a) | 375,000 | 351,056 |
International Business Machines Corp. | ||
6.50%, 01/15/28 | 135,000 | 145,031 |
3.50%, 05/15/29 | 750,000 | 689,783 |
1.95%, 05/15/30 (a) | 300,000 | 244,797 |
2.72%, 02/09/32 (a) | 100,000 | 84,017 |
4.40%, 07/27/32 (a) | 100,000 | 95,466 |
Intuit, Inc. | ||
1.65%, 07/15/30 (a) | 100,000 | 80,622 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 100,000 | 93,334 |
3.60%, 01/15/30 (a) | 85,000 | 74,743 |
3.00%, 01/15/31 (a) | 150,000 | 124,552 |
Juniper Networks, Inc. | ||
3.75%, 08/15/29 (a) | 125,000 | 111,601 |
2.00%, 12/10/30 (a) | 75,000 | 57,232 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Keysight Technologies, Inc. | ||
3.00%, 10/30/29 (a) | 125,000 | 108,671 |
KLA Corp. | ||
4.10%, 03/15/29 (a) | 225,000 | 217,862 |
4.65%, 07/15/32 (a) | 150,000 | 147,208 |
Kyndryl Holdings, Inc. | ||
2.70%, 10/15/28 (a) | 125,000 | 94,295 |
3.15%, 10/15/31 (a) | 125,000 | 84,001 |
Lam Research Corp. | ||
4.00%, 03/15/29 (a) | 150,000 | 142,974 |
1.90%, 06/15/30 (a) | 225,000 | 183,434 |
Leidos, Inc. | ||
4.38%, 05/15/30 (a) | 250,000 | 226,048 |
2.30%, 02/15/31 (a) | 125,000 | 95,938 |
Marvell Technology, Inc. | ||
2.45%, 04/15/28 (a) | 125,000 | 105,413 |
4.88%, 06/22/28 (a) | 100,000 | 95,241 |
2.95%, 04/15/31 (a) | 200,000 | 160,989 |
Mastercard, Inc. | ||
3.50%, 02/26/28 (a) | 50,000 | 47,561 |
2.95%, 06/01/29 (a) | 225,000 | 203,630 |
3.35%, 03/26/30 (a) | 325,000 | 298,148 |
1.90%, 03/15/31 (a) | 100,000 | 81,368 |
2.00%, 11/18/31 (a) | 150,000 | 121,076 |
Micron Technology, Inc. | ||
5.33%, 02/06/29 (a) | 125,000 | 120,125 |
6.75%, 11/01/29 (a) | 100,000 | 101,839 |
4.66%, 02/15/30 (a) | 225,000 | 204,300 |
2.70%, 04/15/32 (a) | 225,000 | 169,011 |
Moody's Corp. | ||
3.25%, 01/15/28 (a) | 125,000 | 115,684 |
4.25%, 02/01/29 (a) | 50,000 | 48,017 |
2.00%, 08/19/31 (a) | 100,000 | 79,439 |
4.25%, 08/08/32 (a) | 100,000 | 93,801 |
Motorola Solutions, Inc. | ||
4.60%, 02/23/28 (a) | 250,000 | 242,997 |
4.60%, 05/23/29 (a) | 125,000 | 118,981 |
2.30%, 11/15/30 (a) | 200,000 | 157,077 |
2.75%, 05/24/31 (a) | 200,000 | 159,939 |
5.60%, 06/01/32 (a) | 100,000 | 97,760 |
NetApp, Inc. | ||
2.70%, 06/22/30 (a) | 150,000 | 123,349 |
NVIDIA Corp. | ||
1.55%, 06/15/28 (a) | 250,000 | 213,936 |
2.85%, 04/01/30 (a) | 300,000 | 262,442 |
2.00%, 06/15/31 (a) | 175,000 | 140,712 |
NXP BV/NXP Funding LLC | ||
5.55%, 12/01/28 (a) | 125,000 | 125,529 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
4.30%, 06/18/29 (a) | 100,000 | 92,776 |
3.40%, 05/01/30 (a) | 275,000 | 237,819 |
2.50%, 05/11/31 (a) | 200,000 | 158,705 |
2.65%, 02/15/32 (a) | 200,000 | 156,746 |
Oracle Corp. | ||
2.30%, 03/25/28 (a) | 400,000 | 347,253 |
6.15%, 11/09/29 (a) | 200,000 | 208,103 |
2.95%, 04/01/30 (a) | 550,000 | 470,185 |
3.25%, 05/15/30 (a) | 150,000 | 130,372 |
2.88%, 03/25/31 (a) | 650,000 | 539,894 |
6.25%, 11/09/32 (a) | 525,000 | 551,929 |
PayPal Holdings, Inc. | ||
2.85%, 10/01/29 (a) | 225,000 | 196,306 |
2.30%, 06/01/30 (a) | 325,000 | 267,068 |
4.40%, 06/01/32 (a) | 175,000 | 165,231 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Qorvo, Inc. | ||
4.38%, 10/15/29 (a) | 200,000 | 176,996 |
QUALCOMM, Inc. | ||
1.30%, 05/20/28 (a) | 200,000 | 169,683 |
2.15%, 05/20/30 (a) | 175,000 | 148,042 |
1.65%, 05/20/32 (a) | 250,000 | 193,210 |
4.25%, 05/20/32 (a) | 125,000 | 120,727 |
RELX Capital, Inc. | ||
4.00%, 03/18/29 (a) | 260,000 | 241,428 |
3.00%, 05/22/30 (a) | 100,000 | 85,411 |
4.75%, 05/20/32 (a) | 100,000 | 96,206 |
S&P Global, Inc. | ||
4.75%, 08/01/28 (a)(d) | 200,000 | 197,925 |
2.70%, 03/01/29 (a)(d) | 250,000 | 220,295 |
4.25%, 05/01/29 (a)(d) | 200,000 | 191,187 |
2.50%, 12/01/29 (a) | 100,000 | 85,702 |
2.90%, 03/01/32 (a)(d) | 325,000 | 277,642 |
Salesforce, Inc. | ||
3.70%, 04/11/28 (a) | 300,000 | 288,560 |
1.50%, 07/15/28 (a) | 125,000 | 106,932 |
1.95%, 07/15/31 (a) | 325,000 | 260,545 |
ServiceNow, Inc. | ||
1.40%, 09/01/30 (a) | 325,000 | 248,515 |
Skyworks Solutions, Inc. | ||
3.00%, 06/01/31 (a) | 125,000 | 98,185 |
TD SYNNEX Corp. | ||
2.38%, 08/09/28 (a) | 125,000 | 101,584 |
2.65%, 08/09/31 (a) | 125,000 | 94,825 |
Teledyne FLIR LLC | ||
2.50%, 08/01/30 (a) | 125,000 | 101,368 |
Texas Instruments, Inc. | ||
2.25%, 09/04/29 (a) | 150,000 | 130,004 |
1.75%, 05/04/30 (a) | 75,000 | 61,858 |
1.90%, 09/15/31 (a) | 150,000 | 121,685 |
3.65%, 08/16/32 (a) | 150,000 | 139,137 |
Trimble, Inc. | ||
4.90%, 06/15/28 (a) | 125,000 | 120,288 |
TSMC Arizona Corp. | ||
2.50%, 10/25/31 (a) | 275,000 | 226,424 |
4.25%, 04/22/32 (a) | 250,000 | 241,185 |
Tyco Electronics Group S.A. | ||
2.50%, 02/04/32 (a) | 100,000 | 82,647 |
VeriSign, Inc. | ||
2.70%, 06/15/31 (a) | 175,000 | 143,587 |
Verisk Analytics, Inc. | ||
4.13%, 03/15/29 (a) | 125,000 | 116,928 |
Visa, Inc. | ||
2.05%, 04/15/30 (a) | 200,000 | 169,675 |
1.10%, 02/15/31 (a) | 200,000 | 154,083 |
VMware, Inc. | ||
1.80%, 08/15/28 (a) | 150,000 | 122,680 |
4.70%, 05/15/30 (a) | 200,000 | 186,697 |
2.20%, 08/15/31 (a) | 275,000 | 209,071 |
Western Digital Corp. | ||
2.85%, 02/01/29 (a) | 100,000 | 77,589 |
3.10%, 02/01/32 (a) | 125,000 | 90,244 |
Western Union Co. | ||
2.75%, 03/15/31 (a) | 75,000 | 56,917 |
Workday, Inc. | ||
3.70%, 04/01/29 (a) | 250,000 | 229,616 |
3.80%, 04/01/32 (a) | 175,000 | 154,673 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Xilinx, Inc. | ||
2.38%, 06/01/30 (a) | 175,000 | 147,511 |
32,177,183 | ||
Transportation 1.7% | ||
American Airlines 2016-1 Class AA Pass-Through Trust | ||
3.58%, 01/15/28 | 142,876 | 127,979 |
American Airlines 2016-2 Class AA Pass-Through Trust | ||
3.20%, 06/15/28 | 89,938 | 78,575 |
American Airlines 2016-3 Class AA Pass-Through Trust | ||
3.00%, 10/15/28 | 72,215 | 63,582 |
American Airlines 2017-1 Class AA Pass-Through Trust | ||
3.65%, 02/15/29 | 91,719 | 82,006 |
American Airlines 2017-2 Class AA Pass-Through Trust | ||
3.35%, 10/15/29 | 18,911 | 16,484 |
American Airlines 2019-1 Class AA Pass-Through Trust | ||
3.15%, 02/15/32 | 86,443 | 72,367 |
Canadian National Railway Co. | ||
6.90%, 07/15/28 | 160,000 | 176,895 |
3.85%, 08/05/32 (a) | 100,000 | 93,005 |
Canadian Pacific Railway Co. | ||
4.00%, 06/01/28 (a) | 100,000 | 95,748 |
2.05%, 03/05/30 (a) | 125,000 | 102,526 |
7.13%, 10/15/31 | 50,000 | 55,652 |
2.45%, 12/02/31 (a) | 300,000 | 249,844 |
CH Robinson Worldwide, Inc. | ||
4.20%, 04/15/28 (a) | 130,000 | 123,021 |
CSX Corp. | ||
3.80%, 03/01/28 (a) | 200,000 | 191,065 |
4.25%, 03/15/29 (a) | 200,000 | 192,396 |
4.10%, 11/15/32 (a) | 200,000 | 187,679 |
Delta Air Lines 2020-1 Class AA Pass-Through Trust | ||
2.00%, 06/10/28 | 148,840 | 127,692 |
FedEx Corp. | ||
3.40%, 02/15/28 (a) | 75,000 | 69,467 |
4.20%, 10/17/28 (a) | 100,000 | 95,333 |
3.10%, 08/05/29 (a) | 170,000 | 149,801 |
4.25%, 05/15/30 (a) | 150,000 | 141,529 |
2.40%, 05/15/31 (a) | 175,000 | 141,579 |
GXO Logistics, Inc. | ||
2.65%, 07/15/31 (a) | 100,000 | 74,169 |
JetBlue 2019-1 Class AA Pass-Through Trust | ||
2.75%, 05/15/32 | 86,588 | 71,409 |
JetBlue 2020-1 Class A Pass-Through Trust | ||
Series 1A 4.00%, 11/15/32 | 86,913 | 77,253 |
Kansas City Southern | ||
2.88%, 11/15/29 (a) | 100,000 | 86,577 |
Kirby Corp. | ||
4.20%, 03/01/28 (a) | 105,000 | 96,042 |
Norfolk Southern Corp. | ||
3.80%, 08/01/28 (a) | 175,000 | 167,094 |
2.55%, 11/01/29 (a) | 125,000 | 107,339 |
2.30%, 05/15/31 (a) | 75,000 | 61,835 |
3.00%, 03/15/32 (a) | 75,000 | 64,287 |
Southwest Airlines Co. | ||
2.63%, 02/10/30 (a) | 110,000 | 91,413 |
Spirit Airlines Pass-Through Trust 2015-1A | ||
4.10%, 04/01/28 | 30,576 | 26,830 |
Triton Container International Ltd./TAL International Container Corp. | ||
3.25%, 03/15/32 (a) | 150,000 | 115,932 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Union Pacific Corp. | ||
3.95%, 09/10/28 (a) | 200,000 | 192,482 |
6.63%, 02/01/29 | 75,000 | 82,075 |
3.70%, 03/01/29 (a) | 100,000 | 94,482 |
2.40%, 02/05/30 (a) | 75,000 | 64,283 |
2.38%, 05/20/31 (a) | 300,000 | 252,450 |
2.80%, 02/14/32 (a) | 275,000 | 236,955 |
United Airlines 2016-1 Class AA Pass-Through Trust | ||
3.10%, 07/07/28 | 220,851 | 196,902 |
United Airlines 2016-2 Class AA Pass-Through Trust | ||
2.88%, 10/07/28 | 183,923 | 157,349 |
United Airlines 2018-1 Class AA Pass-Through Trust | ||
3.50%, 03/01/30 | 101,139 | 87,270 |
United Airlines 2019-1 Class AA Pass-Through Trust | ||
4.15%, 08/25/31 | 38,660 | 34,295 |
United Airlines 2019-2 Class AA Pass-Through Trust | ||
2.70%, 05/01/32 | 44,226 | 35,818 |
United Parcel Service, Inc. | ||
3.40%, 03/15/29 (a) | 125,000 | 116,456 |
2.50%, 09/01/29 (a) | 125,000 | 108,977 |
4.45%, 04/01/30 (a) | 100,000 | 98,598 |
5,432,797 | ||
182,025,665 | ||
Utility 7.5% | ||
Electric 6.7% | ||
AEP Texas, Inc. | ||
3.95%, 06/01/28 (a) | 100,000 | 93,849 |
2.10%, 07/01/30 (a) | 150,000 | 121,705 |
4.70%, 05/15/32 (a) | 125,000 | 120,132 |
AES Corp. | ||
2.45%, 01/15/31 (a) | 225,000 | 178,964 |
Alabama Power Co. | ||
1.45%, 09/15/30 (a) | 100,000 | 78,039 |
3.05%, 03/15/32 (a) | 125,000 | 108,059 |
3.94%, 09/01/32 (a) | 100,000 | 91,890 |
Ameren Corp. | ||
1.75%, 03/15/28 (a) | 150,000 | 127,518 |
3.50%, 01/15/31 (a) | 200,000 | 177,010 |
Ameren Illinois Co. | ||
3.80%, 05/15/28 (a) | 35,000 | 33,383 |
1.55%, 11/15/30 (a) | 100,000 | 78,854 |
American Electric Power Co., Inc. | ||
4.30%, 12/01/28 (a) | 125,000 | 119,556 |
2.30%, 03/01/30 (a) | 150,000 | 123,054 |
5.95%, 11/01/32 (a) | 75,000 | 78,539 |
Appalachian Power Co. | ||
2.70%, 04/01/31 (a) | 75,000 | 61,828 |
4.50%, 08/01/32 (a) | 125,000 | 117,189 |
Arizona Public Service Co. | ||
2.60%, 08/15/29 (a) | 125,000 | 104,877 |
2.20%, 12/15/31 (a) | 125,000 | 95,561 |
Atlantic City Electric Co. | ||
2.30%, 03/15/31 (a) | 100,000 | 81,491 |
Avangrid, Inc. | ||
3.80%, 06/01/29 (a) | 150,000 | 136,509 |
Baltimore Gas and Electric Co. | ||
2.25%, 06/15/31 (a) | 125,000 | 101,619 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28 (a) | 125,000 | 115,982 |
3.70%, 07/15/30 (a) | 200,000 | 183,549 |
1.65%, 05/15/31 (a) | 125,000 | 96,914 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Black Hills Corp. | ||
3.05%, 10/15/29 (a) | 75,000 | 63,949 |
2.50%, 06/15/30 (a) | 100,000 | 80,683 |
CenterPoint Energy Houston Electric LLC | ||
2.35%, 04/01/31 (a) | 75,000 | 62,546 |
4.45%, 10/01/32 (a) | 100,000 | 96,830 |
CenterPoint Energy, Inc. | ||
4.25%, 11/01/28 (a) | 20,000 | 18,880 |
2.95%, 03/01/30 (a) | 105,000 | 90,413 |
2.65%, 06/01/31 (a) | 150,000 | 123,925 |
CMS Energy Corp. | ||
4.75%, 06/01/50 (a)(b) | 125,000 | 109,175 |
3.75%, 12/01/50 (a)(b) | 75,000 | 56,914 |
Commonwealth Edison Co. | ||
3.70%, 08/15/28 (a) | 25,000 | 23,584 |
2.20%, 03/01/30 (a) | 85,000 | 71,454 |
3.15%, 03/15/32 (a) | 50,000 | 43,917 |
Connecticut Light and Power Co. | ||
2.05%, 07/01/31 (a) | 100,000 | 80,796 |
Consolidated Edison Co. of New York, Inc. | ||
3.80%, 05/15/28 (a) | 25,000 | 23,770 |
4.00%, 12/01/28 (a) | 83,000 | 79,489 |
3.35%, 04/01/30 (a) | 100,000 | 89,967 |
2.40%, 06/15/31 (a) | 225,000 | 184,940 |
Consumers Energy Co. | ||
3.80%, 11/15/28 (a) | 75,000 | 71,254 |
Dominion Energy South Carolina, Inc. | ||
2.30%, 12/01/31 (a) | 75,000 | 60,545 |
6.63%, 02/01/32 | 50,000 | 55,066 |
Dominion Energy, Inc. | ||
4.25%, 06/01/28 (a) | 100,000 | 95,478 |
3.38%, 04/01/30 (a) | 225,000 | 198,570 |
2.25%, 08/15/31 (a) | 200,000 | 159,199 |
4.35%, 08/15/32 (a) | 50,000 | 46,551 |
5.38%, 11/15/32 (a) | 200,000 | 198,972 |
DTE Electric Co. | ||
1.90%, 04/01/28 (a) | 150,000 | 130,469 |
2.25%, 03/01/30 (a) | 100,000 | 84,405 |
2.63%, 03/01/31 (a) | 100,000 | 85,086 |
3.00%, 03/01/32 (a) | 100,000 | 86,537 |
DTE Energy Co. | ||
3.40%, 06/15/29 (a) | 100,000 | 89,173 |
2.95%, 03/01/30 (a) | 100,000 | 85,375 |
Duke Energy Carolinas LLC | ||
3.95%, 11/15/28 (a) | 50,000 | 48,135 |
6.00%, 12/01/28 | 75,000 | 80,299 |
2.45%, 08/15/29 (a) | 125,000 | 107,677 |
2.45%, 02/01/30 (a) | 100,000 | 85,490 |
2.55%, 04/15/31 (a) | 150,000 | 125,627 |
2.85%, 03/15/32 (a) | 100,000 | 84,670 |
6.45%, 10/15/32 | 50,000 | 54,034 |
Duke Energy Corp. | ||
4.30%, 03/15/28 (a) | 150,000 | 144,790 |
3.40%, 06/15/29 (a) | 110,000 | 98,831 |
2.45%, 06/01/30 (a) | 125,000 | 103,133 |
2.55%, 06/15/31 (a) | 225,000 | 183,957 |
4.50%, 08/15/32 (a) | 250,000 | 235,341 |
Duke Energy Florida LLC | ||
3.80%, 07/15/28 (a) | 125,000 | 118,885 |
2.50%, 12/01/29 (a) | 200,000 | 171,568 |
1.75%, 06/15/30 (a) | 100,000 | 79,842 |
2.40%, 12/15/31 (a) | 150,000 | 122,419 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Duke Energy Ohio, Inc. | ||
3.65%, 02/01/29 (a) | 100,000 | 93,316 |
2.13%, 06/01/30 (a) | 75,000 | 61,518 |
Duke Energy Progress LLC | ||
3.70%, 09/01/28 (a) | 100,000 | 94,263 |
3.45%, 03/15/29 (a) | 150,000 | 138,362 |
2.00%, 08/15/31 (a) | 150,000 | 119,110 |
Edison International | ||
4.13%, 03/15/28 (a) | 100,000 | 92,870 |
6.95%, 11/15/29 (a) | 100,000 | 104,943 |
Emera US Finance LP | ||
2.64%, 06/15/31 (a) | 100,000 | 78,517 |
Enel Chile S.A. | ||
4.88%, 06/12/28 (a) | 220,000 | 214,943 |
Entergy Arkansas LLC | ||
4.00%, 06/01/28 (a) | 75,000 | 71,215 |
Entergy Corp. | ||
1.90%, 06/15/28 (a) | 175,000 | 148,360 |
2.80%, 06/15/30 (a) | 175,000 | 147,718 |
2.40%, 06/15/31 (a) | 175,000 | 139,037 |
Entergy Louisiana LLC | ||
3.25%, 04/01/28 (a) | 100,000 | 91,300 |
1.60%, 12/15/30 (a) | 50,000 | 38,527 |
3.05%, 06/01/31 (a) | 25,000 | 21,481 |
Entergy Mississippi LLC | ||
2.85%, 06/01/28 (a) | 50,000 | 44,466 |
Entergy Texas, Inc. | ||
4.00%, 03/30/29 (a) | 75,000 | 71,046 |
1.75%, 03/15/31 (a) | 100,000 | 78,557 |
Evergy Metro, Inc. | ||
2.25%, 06/01/30 (a) | 75,000 | 61,875 |
Evergy, Inc. | ||
2.90%, 09/15/29 (a) | 175,000 | 151,501 |
Eversource Energy | ||
3.30%, 01/15/28 (a) | 100,000 | 92,490 |
4.25%, 04/01/29 (a) | 150,000 | 142,065 |
1.65%, 08/15/30 (a) | 100,000 | 77,907 |
2.55%, 03/15/31 (a) | 50,000 | 41,272 |
3.38%, 03/01/32 (a) | 75,000 | 65,296 |
Exelon Corp. | ||
4.05%, 04/15/30 (a) | 275,000 | 256,318 |
3.35%, 03/15/32 (a) | 175,000 | 152,475 |
Florida Power & Light Co. | ||
2.45%, 02/03/32 (a) | 300,000 | 251,191 |
Georgia Power Co. | ||
2.65%, 09/15/29 (a) | 145,000 | 123,925 |
4.70%, 05/15/32 (a) | 100,000 | 96,474 |
Indiana Michigan Power Co. | ||
3.85%, 05/15/28 (a) | 50,000 | 47,304 |
Interstate Power and Light Co. | ||
4.10%, 09/26/28 (a) | 50,000 | 47,687 |
3.60%, 04/01/29 (a) | 100,000 | 91,408 |
2.30%, 06/01/30 (a) | 125,000 | 102,016 |
IPALCO Enterprises, Inc. | ||
4.25%, 05/01/30 (a) | 75,000 | 66,870 |
MidAmerican Energy Co. | ||
3.65%, 04/15/29 (a) | 175,000 | 164,354 |
6.75%, 12/30/31 | 75,000 | 84,536 |
Mississippi Power Co. | ||
3.95%, 03/30/28 (a) | 100,000 | 93,978 |
National Rural Utilities Cooperative Finance Corp. | ||
3.40%, 02/07/28 (a) | 50,000 | 46,432 |
3.90%, 11/01/28 (a) | 155,000 | 145,828 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.70%, 03/15/29 (a) | 150,000 | 138,326 |
2.40%, 03/15/30 (a) | 100,000 | 83,398 |
1.35%, 03/15/31 (a) | 100,000 | 74,248 |
1.65%, 06/15/31 (a) | 50,000 | 38,215 |
8.00%, 03/01/32 | 100,000 | 118,289 |
2.75%, 04/15/32 (a) | 175,000 | 144,973 |
4.15%, 12/15/32 (a) | 100,000 | 92,638 |
Nevada Power Co. | ||
3.70%, 05/01/29 (a) | 100,000 | 94,302 |
2.40%, 05/01/30 (a) | 100,000 | 84,197 |
NextEra Energy Capital Holdings, Inc. | ||
1.90%, 06/15/28 (a) | 300,000 | 257,118 |
3.50%, 04/01/29 (a) | 125,000 | 113,934 |
2.75%, 11/01/29 (a) | 225,000 | 195,022 |
2.25%, 06/01/30 (a) | 365,000 | 300,819 |
2.44%, 01/15/32 (a) | 250,000 | 201,970 |
5.00%, 07/15/32 (a) | 200,000 | 197,180 |
5.65%, 05/01/79 (a)(b) | 50,000 | 45,917 |
Northern States Power Co. | ||
2.25%, 04/01/31 (a) | 50,000 | 41,546 |
NSTAR Electric Co. | ||
3.25%, 05/15/29 (a) | 100,000 | 91,013 |
3.95%, 04/01/30 (a) | 25,000 | 23,534 |
1.95%, 08/15/31 (a) | 75,000 | 59,705 |
Ohio Power Co. | ||
2.60%, 04/01/30 (a) | 125,000 | 106,474 |
1.63%, 01/15/31 (a) | 100,000 | 77,658 |
Oklahoma Gas and Electric Co. | ||
3.80%, 08/15/28 (a) | 75,000 | 70,588 |
3.30%, 03/15/30 (a) | 80,000 | 70,456 |
3.25%, 04/01/30 (a) | 50,000 | 43,681 |
Oncor Electric Delivery Co. LLC | ||
3.70%, 11/15/28 (a) | 125,000 | 118,116 |
5.75%, 03/15/29 (a) | 50,000 | 52,001 |
2.75%, 05/15/30 (a) | 100,000 | 87,356 |
4.15%, 06/01/32 (a)(d) | 200,000 | 190,657 |
4.55%, 09/15/32 (a)(d) | 250,000 | 245,228 |
Pacific Gas and Electric Co. | ||
3.00%, 06/15/28 (a) | 175,000 | 152,473 |
3.75%, 07/01/28 | 178,000 | 159,080 |
4.65%, 08/01/28 (a) | 150,000 | 138,592 |
4.55%, 07/01/30 (a) | 625,000 | 567,845 |
2.50%, 02/01/31 (a) | 425,000 | 331,157 |
3.25%, 06/01/31 (a) | 125,000 | 101,832 |
4.40%, 03/01/32 (a) | 125,000 | 109,953 |
5.90%, 06/15/32 (a) | 100,000 | 97,758 |
PacifiCorp | ||
3.50%, 06/15/29 (a) | 100,000 | 92,368 |
2.70%, 09/15/30 (a) | 100,000 | 86,290 |
PPL Capital Funding, Inc. | ||
4.13%, 04/15/30 (a) | 100,000 | 93,007 |
Progress Energy, Inc. | ||
7.75%, 03/01/31 | 125,000 | 141,982 |
7.00%, 10/30/31 | 100,000 | 109,397 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 100,000 | 95,405 |
1.90%, 01/15/31 (a) | 125,000 | 100,494 |
1.88%, 06/15/31 (a) | 150,000 | 119,664 |
Public Service Co. of New Hampshire | ||
2.20%, 06/15/31 (a) | 100,000 | 82,299 |
Public Service Electric and Gas Co. | ||
3.65%, 09/01/28 (a) | 50,000 | 47,129 |
3.20%, 05/15/29 (a) | 100,000 | 90,848 |
2.45%, 01/15/30 (a) | 120,000 | 103,035 |
1.90%, 08/15/31 (a) | 100,000 | 80,006 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
3.10%, 03/15/32 (a) | 100,000 | 87,697 |
4.90%, 12/15/32 (a) | 75,000 | 75,209 |
Public Service Enterprise Group, Inc. | ||
1.60%, 08/15/30 (a) | 100,000 | 77,846 |
2.45%, 11/15/31 (a) | 150,000 | 120,495 |
Puget Energy, Inc. | ||
2.38%, 06/15/28 (a) | 100,000 | 85,501 |
4.10%, 06/15/30 (a) | 100,000 | 89,756 |
4.22%, 03/15/32 (a) | 100,000 | 89,562 |
San Diego Gas & Electric Co. | ||
1.70%, 10/01/30 (a) | 100,000 | 79,403 |
3.00%, 03/15/32 (a) | 150,000 | 128,452 |
Southern California Edison Co. | ||
3.65%, 03/01/28 (a) | 75,000 | 70,202 |
4.20%, 03/01/29 (a) | 100,000 | 95,301 |
6.65%, 04/01/29 | 75,000 | 77,610 |
2.85%, 08/01/29 (a) | 75,000 | 65,374 |
2.25%, 06/01/30 (a) | 125,000 | 103,245 |
2.50%, 06/01/31 (a) | 75,000 | 61,985 |
2.75%, 02/01/32 (a) | 125,000 | 105,070 |
5.95%, 11/01/32 (a) | 175,000 | 185,905 |
Southern Co. | ||
3.70%, 04/30/30 (a) | 200,000 | 181,088 |
Southwestern Electric Power Co. | ||
4.10%, 09/15/28 (a) | 125,000 | 118,864 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 100,000 | 81,154 |
The Southern Co | ||
1.75%, 03/15/28 (a) | 50,000 | 42,160 |
The Southern Co. | ||
5.70%, 10/15/32 (a) | 125,000 | 127,953 |
Tucson Electric Power Co. | ||
1.50%, 08/01/30 (a) | 100,000 | 76,992 |
3.25%, 05/15/32 (a) | 50,000 | 42,733 |
Union Electric Co. | ||
3.50%, 03/15/29 (a) | 125,000 | 116,043 |
2.95%, 03/15/30 (a) | 125,000 | 109,917 |
2.15%, 03/15/32 (a) | 100,000 | 79,147 |
Virginia Electric and Power Co. | ||
3.80%, 04/01/28 (a) | 150,000 | 141,819 |
2.88%, 07/15/29 (a) | 100,000 | 88,191 |
2.30%, 11/15/31 (a) | 150,000 | 121,024 |
2.40%, 03/30/32 (a) | 125,000 | 101,298 |
WEC Energy Group, Inc. | ||
2.20%, 12/15/28 (a) | 150,000 | 127,384 |
1.80%, 10/15/30 (a) | 100,000 | 78,448 |
Wisconsin Electric Power Co. | ||
4.75%, 09/30/32 (a) | 100,000 | 98,676 |
Wisconsin Power and Light Co. | ||
3.00%, 07/01/29 (a) | 50,000 | 44,374 |
1.95%, 09/16/31 (a) | 75,000 | 59,204 |
3.95%, 09/01/32 (a) | 100,000 | 91,875 |
Xcel Energy, Inc. | ||
4.00%, 06/15/28 (a) | 150,000 | 143,948 |
2.60%, 12/01/29 (a) | 100,000 | 85,618 |
3.40%, 06/01/30 (a) | 100,000 | 89,392 |
2.35%, 11/15/31 (a) | 100,000 | 80,069 |
4.60%, 06/01/32 (a) | 150,000 | 143,976 |
21,900,565 | ||
Natural Gas 0.6% | ||
Atmos Energy Corp. | ||
2.63%, 09/15/29 (a) | 175,000 | 152,758 |
1.50%, 01/15/31 (a) | 150,000 | 117,091 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CenterPoint Energy Resources Corp. | ||
4.00%, 04/01/28 (a) | 75,000 | 71,641 |
1.75%, 10/01/30 (a) | 100,000 | 79,363 |
4.40%, 07/01/32 (a) | 100,000 | 96,264 |
NiSource, Inc. | ||
2.95%, 09/01/29 (a) | 150,000 | 130,852 |
3.60%, 05/01/30 (a) | 225,000 | 200,952 |
1.70%, 02/15/31 (a) | 150,000 | 114,500 |
ONE Gas, Inc. | ||
2.00%, 05/15/30 (a) | 50,000 | 40,681 |
4.25%, 09/01/32 (a) | 75,000 | 70,939 |
Piedmont Natural Gas Co., Inc. | ||
3.50%, 06/01/29 (a) | 100,000 | 92,108 |
2.50%, 03/15/31 (a) | 75,000 | 61,427 |
Sempra Energy | ||
3.40%, 02/01/28 (a) | 200,000 | 186,020 |
3.70%, 04/01/29 (a) | 100,000 | 91,484 |
Southern California Gas Co. | ||
2.55%, 02/01/30 (a) | 125,000 | 106,588 |
Southern Co. Gas Capital Corp. | ||
1.75%, 01/15/31 (a) | 100,000 | 76,631 |
5.15%, 09/15/32 (a) | 100,000 | 98,539 |
Southwest Gas Corp. | ||
2.20%, 06/15/30 (a) | 125,000 | 97,965 |
4.05%, 03/15/32 (a) | 150,000 | 131,956 |
2,017,759 | ||
Utility Other 0.2% | ||
American Water Capital Corp. | ||
3.75%, 09/01/28 (a) | 100,000 | 94,582 |
3.45%, 06/01/29 (a) | 125,000 | 114,497 |
2.80%, 05/01/30 (a) | 150,000 | 130,009 |
2.30%, 06/01/31 (a) | 50,000 | 41,164 |
4.45%, 06/01/32 (a) | 200,000 | 192,242 |
Essential Utilities, Inc. | ||
3.57%, 05/01/29 (a) | 100,000 | 90,134 |
2.70%, 04/15/30 (a) | 100,000 | 84,008 |
2.40%, 05/01/31 (a) | 75,000 | 60,174 |
United Utilities plc | ||
6.88%, 08/15/28 | 25,000 | 26,457 |
833,267 | ||
24,751,591 | ||
Total Corporates (Cost $375,926,002) | 324,901,831 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.3% OF NET ASSETS | ||
Money Market Funds 0.3% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (g) | 708,594 | 708,594 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.12% (g)(h) | 500,398 | 500,398 |
1,208,992 | ||
Total Short-Term Investments (Cost $1,208,992) | 1,208,992 | |
Total Investments in Securities (Cost $377,134,994) | 326,110,823 |
(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 $6,823,693 or 2.1% of net assets. |
(e) | All or a portion of this security is on loan. Securities on loan were valued at $486,110. |
(f) | Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. |
(g) | The rate shown is the annualized 7-day yield. |
(h) | Security purchased with cash collateral received for securities on loan. |
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 12/31/22 | FACE AMOUNT AT 12/31/22 | INTEREST INCOME EARNED |
CORPORATES 0.4% OF NET ASSETS | |||||||||
Financial Institutions 0.4% | |||||||||
Brokerage/Asset Managers/Exchanges 0.4% | |||||||||
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 | — | — | — | (12,942) | (1,287) | 93,366 | 100,000 | 3,200 |
2.00%, 03/20/28 | 202,678 | 43,439 | — | — | (26,019) | (276) | 219,822 | 250,000 | 4,239 |
4.00%, 02/01/29 | 56,134 | 79,330 | (23,934) | (1,370) | (13,280) | (1,624) | 95,256 | 100,000 | 4,047 |
3.25%, 05/22/29 | 86,110 | 26,316 | — | — | (16,104) | (965) | 95,357 | 105,000 | 3,356 |
2.75%, 10/01/29 | 78,552 | — | — | — | (12,601) | (437) | 65,514 | 75,000 | 2,063 |
4.63%, 03/22/30 | 88,948 | — | — | — | (14,379) | (834) | 73,735 | 75,000 | 3,469 |
1.65%, 03/11/31 | 120,254 | — | — | — | (23,344) | 572 | 97,482 | 125,000 | 2,062 |
2.30%, 05/13/31 | 126,337 | — | — | — | (23,621) | (329) | 102,387 | 125,000 | 2,875 |
1.95%, 12/01/31 | — | 147,642 | — | — | (22,900) | 905 | 125,647 | 160,000 | 2,712 |
2.90%, 03/03/32 | — | 207,751 | (21,529) | 460 | (21,318) | 595 | 165,959 | 195,000 | 4,325 |
Total | $1,081,128 | $504,478 | ($244,233) | ($18,614) | ($183,576) | ($4,658) | $1,134,525 | $34,293 |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $324,901,831 | $— | $324,901,831 |
Short-Term Investments1 | 1,208,992 | — | — | 1,208,992 |
Total | $1,208,992 | $324,901,831 | $— | $326,110,823 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - affiliated (cost $1,318,462) | $1,134,525 | |
Investments in securities, at value - unaffiliated (cost $375,816,532) including securities on loan of $486,110 | 324,976,298 | |
Cash | 9,514 | |
Deposit with broker for futures contracts | 55,000 | |
Receivables: | ||
Investments sold | 3,562,246 | |
Interest | 3,356,237 | |
Dividends | 4,145 | |
Income from securities on loan | + | 591 |
Total assets | 333,098,556 | |
Liabilities | ||
Collateral held for securities on loan | 500,398 | |
Payables: | ||
Investments bought | 4,312,379 | |
Management fees | + | 9,338 |
Total liabilities | 4,822,115 | |
Net assets | $328,276,441 | |
Net Assets by Source | ||
Capital received from investors | $384,586,306 | |
Total distributable loss | + | (56,309,865) |
Net assets | $328,276,441 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$328,276,441 | 7,600,000 | $43.19 | ||
For the period January 1, 2022 through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $11,682,223 | |
Interest received from securities - affiliated | 29,635 | |
Dividends received from securities - unaffiliated | 21,864 | |
Securities on loan, net | + | 8,501 |
Total investment income | 11,742,223 | |
Expenses | ||
Management fees | 135,688 | |
Proxy fees1 | + | 5,960 |
Total expenses | – | 141,648 |
Net investment income | 11,600,575 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - affiliated | (18,614) | |
Net realized losses on sales of securities - unaffiliated | (4,544,071) | |
Net realized losses on sales of in-kind redemptions - unaffiliated | (16,117,492) | |
Net realized losses on futures contracts | + | (19,772) |
Net realized losses | (20,699,949) | |
Net change in unrealized appreciation (depreciation) on securities - affiliated | (183,576) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | (46,551,571) | |
Net change in unrealized appreciation (depreciation) on futures contracts | + | 239 |
Net change in unrealized appreciation (depreciation) | + | (46,734,908) |
Net realized and unrealized losses | (67,434,857) | |
Decrease in net assets resulting from operations | ($55,834,282) |
1 | Proxy fees are non-routine expenses (see financial note 2(e) for additional information). |
OPERATIONS | |||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||
Net investment income | $11,600,575 | $6,841,316 | |
Net realized gains (losses) | (20,699,949) | 1,468,611 | |
Net change in unrealized appreciation (depreciation) | + | (46,734,908) | (14,566,712) |
Decrease in net assets from operations | ($55,834,282) | ($6,256,785) | |
DISTRIBUTIONS TO SHAREHOLDERS | |||
Total distributions | ($11,666,820) | ($6,826,280) |
TRANSACTIONS IN FUND SHARES | |||||
1/1/22-12/31/22 | 1/1/21-12/31/21 | ||||
SHARES | VALUE | SHARES | VALUE | ||
Shares sold | 5,450,000 | $246,351,970 | 8,400,000 | $442,848,633 | |
Shares redeemed | + | (5,100,000) | (225,629,306) | (4,700,000) | (245,294,686) |
Net transactions in fund shares | 350,000 | $20,722,664 | 3,700,000 | $197,553,947 | |
SHARES OUTSTANDING AND NET ASSETS | |||||
1/1/22-12/31/22 | 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 (decrease) | + | 350,000 | (46,778,438) | 3,700,000 | 184,470,882 |
End of period | 7,600,000 | $328,276,441 | 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 Municipal Bond ETF |
Schwab Crypto Thematic ETF |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
SCHWAB U.S. TIPS ETF | SCHWAB SHORT-TERM U.S. TREASURY ETF | SCHWAB INTERMEDIATE-TERM U.S. TREASURY ETF | SCHWAB LONG-TERM U.S. TREASURY ETF | SCHWAB U.S. AGGREGATE BOND ETF | SCHWAB 1-5 YEAR CORPORATE BOND ETF | SCHWAB 5-10 YEAR CORPORATE BOND ETF |
0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
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 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 | |
Schwab Monthly Income Fund - Flexible Payout | —% | —% | 2.5% | —% | —% | 0.6% |
Schwab Monthly Income Fund - Income Payout | —% | —% | 2.3% | —% | 1.5% | 2.0% |
Schwab Monthly Income Fund - Target Payout | —% | —% | 1.5% | —% | —% | 0.4% |
Schwab Target 2010 Index Fund | 0.0%* | 0.0%* | —% | 0.3% | —% | —% |
Schwab Target 2015 Index Fund | 0.0%* | 0.0%* | —% | 0.4% | —% | —% |
Schwab Target 2020 Index Fund | 0.1% | 0.2% | —% | 1.5% | —% | —% |
Schwab Target 2025 Index Fund | 0.1% | 0.2% | —% | 2.4% | —% | —% |
Schwab Target 2030 Index Fund | 0.1% | 0.2% | —% | 3.2% | —% | —% |
Schwab Target 2035 Index Fund | —% | 0.1% | —% | 1.6% | —% | —% |
Schwab Target 2040 Index Fund | —% | 0.1% | —% | 1.4% | —% | —% |
Schwab Target 2045 Index Fund | —% | 0.0%* | —% | 0.6% | —% | —% |
Schwab Target 2050 Index Fund | —% | —% | —% | 0.5% | —% | —% |
Schwab Target 2055 Index Fund | —% | —% | —% | 0.2% | —% | —% |
Schwab Target 2060 Index Fund | —% | —% | —% | 0.2% | —% | —% |
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% | —% | 0.6% | —% | —% |
Schwab VIT Growth Portfolio | —% | —% | —% | 0.3% | —% | —% |
* | Less than 0.05% |
5. Other Service Providers:
7. Borrowing from Banks:
8. Derivatives:
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 | 671,465 | 6 |
Schwab 5-10 Year Corporate Bond ETF | 675,289 | 6 |
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 | $3,052,942,622 | $— | $3,052,942,622 |
Schwab Short-Term U.S. Treasury ETF | 10,233,666,974 | — | 10,233,666,974 |
Schwab Intermediate-Term U.S. Treasury ETF | 6,157,772,180 | — | 6,157,772,180 |
Schwab Long-Term U.S. Treasury ETF | 51,538,987 | — | 51,538,987 |
Schwab U.S. Aggregate Bond ETF | 3,772,428,236 | 280,153,321 | 4,052,581,557 |
Schwab 1-5 Year Corporate Bond ETF | — | 63,051,917 | 63,051,917 |
Schwab 5-10 Year Corporate Bond ETF | — | 45,965,142 | 45,965,142 |
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 | $4,028,824,712 | $— | $4,028,824,712 |
Schwab Short-Term U.S. Treasury ETF | 9,660,823,741 | — | 9,660,823,741 |
Schwab Intermediate-Term U.S. Treasury ETF | 5,735,038,430 | — | 5,735,038,430 |
Schwab Long-Term U.S. Treasury ETF | 43,453,579 | — | 43,453,579 |
Schwab U.S. Aggregate Bond ETF | 4,304,805,217 | 312,531,609 | 4,617,336,826 |
Schwab 1-5 Year Corporate Bond ETF | — | 53,663,857 | 53,663,857 |
Schwab 5-10 Year Corporate Bond ETF | — | 36,266,895 | 36,266,895 |
10. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES | |
Schwab U.S. TIPS ETF | $6,880,389,711 | $11,040,550,259 |
Schwab Short-Term U.S. Treasury ETF | 4,226,676,956 | 3,035,425,252 |
Schwab Intermediate-Term U.S. Treasury ETF | 6,576,191,190 | 2,466,975,872 |
Schwab Long-Term U.S. Treasury ETF | 168,903,963 | 57,473,926 |
Schwab U.S. Aggregate Bond ETF | 171,394,777 | 502,043,698 |
Schwab 1-5 Year Corporate Bond ETF | 111,375,489 | 313,005,710 |
Schwab 5-10 Year Corporate Bond ETF | 236,669,441 | 222,825,259 |
11. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) | |
Schwab U.S. TIPS ETF | $15,975,508,626 | $- | ($2,179,468,854) | ($2,179,468,854) |
Schwab Short-Term U.S. Treasury ETF | 10,449,543,248 | 1,550,652 | (237,813,634) | (236,262,982) |
Schwab Intermediate-Term U.S. Treasury ETF | 7,954,815,343 | 1,087,281 | (441,199,291) | (440,112,010) |
Schwab Long-Term U.S. Treasury ETF | 213,268,243 | - | (26,116,158) | (26,116,158) |
Schwab U.S. Aggregate Bond ETF | 7,792,849,783 | 1,184,453 | (844,619,547) | (843,435,094) |
Schwab 1-5 Year Corporate Bond ETF | 394,069,617 | 281,480 | (25,935,342) | (25,653,862) |
Schwab 5-10 Year Corporate Bond ETF | 377,159,220 | 277,169 | (51,325,566) | (51,048,397) |
UNDISTRIBUTED ORDINARY INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL | |
Schwab U.S. TIPS ETF | $6,041,996 | ($2,179,468,854) | ($367,609,106) | ($2,541,035,964) |
Schwab Short-Term U.S. Treasury ETF | 885,902 | (236,262,982) | (276,041,179) | (511,418,259) |
Schwab Intermediate-Term U.S. Treasury ETF | 149,024 | (440,112,010) | (354,167,139) | (794,130,125) |
Schwab Long-Term U.S. Treasury ETF | 29,630 | (26,116,158) | (4,991,274) | (31,077,802) |
Schwab U.S. Aggregate Bond ETF | 388,539 | (843,435,094) | (275,794,945) | (1,118,841,500) |
Schwab 1-5 Year Corporate Bond ETF | 79,223 | (25,653,862) | (2,153,196) | (27,727,835) |
Schwab 5-10 Year Corporate Bond ETF | — | (51,048,397) | (5,261,468) | (56,309,865) |
Schwab U.S. TIPS ETF | $367,609,106 |
Schwab Short-Term U.S. Treasury ETF | 276,041,179 |
Schwab Intermediate-Term U.S. Treasury ETF | 354,167,139 |
Schwab Long-Term U.S. Treasury ETF | 4,991,274 |
Schwab U.S. Aggregate Bond ETF | 275,794,945 |
Schwab 1-5 Year Corporate Bond ETF | 2,153,196 |
Schwab 5-10 Year Corporate Bond ETF | 5,261,468 |
CURRENT FISCAL YEAR END DISTRIBUTIONS | PRIOR FISCAL YEAR END DISTRIBUTIONS | |
ORDINARY INCOME | ORDINARY INCOME | |
Schwab U.S. TIPS ETF | $1,069,955,140 | $852,013,180 |
Schwab Short-Term U.S. Treasury ETF | 125,786,895 | 34,862,540 |
Schwab Intermediate-Term U.S. Treasury ETF | 140,863,160 | 36,438,300 |
Schwab Long-Term U.S. Treasury ETF | 2,856,565 | 1,504,385 |
Schwab U.S. Aggregate Bond ETF | 185,912,810 | 191,909,550 |
Schwab 1-5 Year Corporate Bond ETF | 6,101,610 | 5,031,370 |
Schwab 5-10 Year Corporate Bond ETF | 11,666,820 | 6,826,280 |
12. Subsequent Events:
Denver, Colorado
February 16, 2023
Schwab U.S. TIPS ETF | 100.00% |
Schwab Short-Term U.S. Treasury ETF | 100.00% |
Schwab Intermediate-Term U.S. Treasury ETF | 100.00% |
Schwab Long-Term U.S. Treasury ETF | 100.00% |
Schwab U.S. Aggregate Bond ETF | 91.27% |
Schwab 1-5 Year Corporate Bond ETF | 79.35% |
Schwab 5-10 Year Corporate Bond ETF | 83.77% |
Schwab U.S. TIPS ETF | 100.00% |
Schwab Short-Term U.S. Treasury ETF | 100.00% |
Schwab Intermediate-Term U.S. Treasury ETF | 100.00% |
Schwab Long-Term U.S. Treasury ETF | 100.00% |
Schwab U.S. Aggregate Bond ETF | 99.06% |
Schwab 1-5 Year Corporate Bond ETF | 99.75% |
Schwab 5-10 Year Corporate Bond ETF | 99.36% |
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 |
Michael J. Beer 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 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 105 | Director (2016 – 2019), Principal Funds, Inc. |
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. | 105 | 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. | 105 | 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. | 105 | 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). | 105 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
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). | 105 | 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). | 105 | 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. | 105 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 105 | 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; 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 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) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc. |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Vice President (Mar. 2022 – present) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
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.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, 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. |
Schwab ETFs
Index ETF
Printed on recycled paper.
2 | |
3 | |
4 | |
6 | |
7 | |
9 | |
10 | |
26 | |
34 | |
35 | |
36 | |
37 | |
39 | |
43 |
Total Returns for the 12 Months Ended December 31, 2022 | |
Schwab Municipal Bond ETF (Ticker Symbol: SCMB) | |
Market Price Return1 | 3.21%* |
NAV Return1 | 2.93%* |
ICE AMT-Free Core U.S. National Municipal Index | 2.60%* |
ETF Category: Morningstar Muni National Interm2 | N/A |
Performance Details | pages 7-8 |
President of Schwab Asset
Management and the fund
covered in this report.
Jason D. Diefenthaler, Managing Director and Head of Tax-Exempt Strategies for Schwab Asset Management, is responsible for the day-to-day co-management of the fund and for developing, managing, and implementing Schwab Asset Management’s tax-exempt fixed income investment strategies, including separately managed accounts, actively managed mutual funds, and exchange-traded funds (ETFs). Previously, Mr. Diefenthaler led the portfolio management team for the Wasmer SchroederTM Municipal Bond Strategies and was responsible for the day-to-day co-management of several tax-free Schwab Funds. Prior to that, he was the director of tax-exempt portfolio management at Wasmer Schroeder & Company, LLC (Schwab Asset Management became the investment adviser for Wasmer Schroeder Strategies in 2020). He oversaw all tax-exempt strategies and management of the Wasmer Schroeder High Yield Municipal Fund, which subsequently reorganized into the Schwab Opportunistic Municipal Bond Fund. Mr. Diefenthaler began his career with Wasmer Schroeder in 2000. He was a credit analyst for taxable and tax-exempt strategies before becoming a portfolio manager. |
Matthew Hastings, CFA, Managing Director and Head of Taxable Bond Strategies for Schwab Asset Management, is responsible for the day-to-day co-management of the fund. Mr. Hastings leads the portfolio management team for the Schwab Taxable Bond Funds and Schwab Fixed-Income ETFs. 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 for Schwab Asset Management, is responsible for the day-to-day co-management of the fund. He is primarily responsible for the management and oversight of corporate bonds within the taxable bond strategies, with additional responsibility for managing municipal bond index strategies. Mr. Hung has been a portfolio manager with Schwab Asset Management since 2005 and prior to that, served in various roles as an associate portfolio manager and trader since 1999. In 1998, he joined Schwab’s management training program and worked as a clerk on the options trading floor of the Pacific Coast Stock Exchange. |
John Khodarahmi, Senior Portfolio Manager for Schwab Asset Management, is responsible for the day-to-day co-management of the fund. He is a member of the team responsible for managment of the Schwab Tax-Free Bond Funds and has been a portfolio manager with Schwab Asset Management since 2015. Prior to joining Schwab in 2015, Mr. Khodarahmi was a vice president and senior municipal trader at Eaton Vance Management for the firm’s tax-free bond funds. Previous to Eaton Vance, he was a vice president and portfolio manager at both Banc of America Montgomery Securities and Thomas Weisel Partners, managing corporate cash and high net worth portfolios. Prior to those roles, Mr. Khodarahmi was a municipal trader and underwriter for Fleet Securities, Inc. (now part of Bank of America). |
Weighted Average Maturity2 | 7.7 Yrs |
Weighted Average Duration2 | 6.9 Yrs |
Fund and Inception Date | Since Inception* |
Fund: Schwab Municipal Bond ETF (10/12/22) | |
Market Price Return2 | 3.21% |
NAV Return2 | 2.93% |
ICE AMT-Free Core U.S. National Municipal Index | 2.60% |
ETF Category: Morningstar Muni National Interm3 | N/A |
Fund Expense Ratio4: 0.03% |
EXPENSE RATIO (ANNUALIZED) 1 | BEGINNING ACCOUNT VALUE AT 7/1/22 | ENDING ACCOUNT VALUE (NET OF EXPENSES) AT 12/31/222 | EXPENSES PAID DURING PERIOD 7/1/22-12/31/22 2 | |
Schwab Municipal Bond ETF | ||||
Actual Return | 0.03% | $1,000.00 | $1,029.30 | $0.07 |
Hypothetical 5% Return | 0.03% | $1,000.00 | $1,011.03 | $0.07 |
1 | The expense ratio provided for the fund is for the period from 10/12/22 (commencement of operations) through 12/31/22 (see financial note 4 for additional information). |
2 | Actual expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 81 days in the period from commencement of operations on 10/12/22 through 12/31/22, and divided by 365 days in the fiscal year. Hypothetical expenses for the fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days in the period, and divided by 365 days in the fiscal year. |
10/12/221– 12/31/22 | ||||||
Per-Share Data | ||||||
Net asset value at beginning of period | $50.00 | |||||
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | 0.39 | |||||
Net realized and unrealized gains (losses) | 1.00 | |||||
Total from investment operations | 1.39 | |||||
Less distributions: | ||||||
Distributions from net investment income | (0.30) | |||||
Other capital2 | 0.07 | |||||
Net asset value at end of period | $51.16 | |||||
Total return | 2.93%3 | |||||
Ratios/Supplemental Data | ||||||
Ratios to average net assets: | ||||||
Total expenses | 0.03%4 | |||||
Net investment income (loss) | 3.50%4 | |||||
Portfolio turnover rate5 | 13%3 | |||||
Net assets, end of period (x 1,000) | $61,387 |
1 | Commencement of operations. |
2 | Calculated based on the average shares outstanding during the period. |
3 | Not annualized. |
4 | Annualized. |
5 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 98.4% OF NET ASSETS | ||||
ALABAMA 0.9% | ||||
Birmingham Water Works Board | ||||
Water Refunding RB Series 2015A | 5.00% | 01/01/42 (a)(b) | 300,000 | 313,571 |
Tuscaloosa City Board of Education Capital Outlay Warrants | ||||
School Tax Warrants Series 2016 | 5.00% | 08/01/46 (a)(b) | 200,000 | 215,334 |
528,905 | ||||
ARIZONA 1.9% | ||||
Arizona Health Facilities Auth | ||||
RB (Banner Health) Series 2014A | 5.00% | 01/01/44 (a)(b) | 150,000 | 153,177 |
Maricopa Cnty | ||||
GO Bonds Series 2018C | 4.00% | 07/01/38 (b) | 400,000 | 396,849 |
Phoenix Civic Improvement Corp | ||||
Jr Lien Airport RB Series 2019A | 4.00% | 07/01/49 (b) | 100,000 | 91,630 |
Salt River Project Agricultural Improvement & Power District | ||||
Electric System RB Series 2021A | 5.00% | 01/01/24 | 200,000 | 204,334 |
Refunding RB Series 2016A | 5.00% | 01/01/31 (b) | 300,000 | 327,178 |
1,173,168 | ||||
CALIFORNIA 19.3% | ||||
Alameda Cnty Transportation Commission | ||||
Sr Sales Tax RB Series 2022 | 5.00% | 03/01/45 (b) | 110,000 | 122,835 |
California | ||||
GO Bonds | 4.00% | 11/01/23 | 100,000 | 100,979 |
GO Bonds | 5.00% | 11/01/25 (b) | 500,000 | 522,508 |
GO Bonds | 5.00% | 08/01/27 (b) | 200,000 | 216,924 |
GO Bonds | 5.00% | 11/01/28 | 120,000 | 135,710 |
GO Bonds | 5.00% | 11/01/29 | 100,000 | 115,102 |
GO Bonds | 5.00% | 10/01/30 (b) | 275,000 | 310,325 |
GO Bonds | 5.00% | 04/01/31 (b) | 125,000 | 142,105 |
GO Bonds | 3.75% | 04/01/37 (b) | 105,000 | 103,783 |
GO Bonds | 4.00% | 04/01/49 (b) | 250,000 | 240,911 |
GO Refunding Bonds | 5.00% | 10/01/25 | 165,000 | 175,912 |
GO Refunding Bonds | 5.00% | 03/01/27 (b) | 250,000 | 262,790 |
GO Refunding Bonds | 5.00% | 12/01/27 | 210,000 | 233,980 |
GO Refunding Bonds | 5.00% | 10/01/28 | 325,000 | 366,987 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Refunding Bonds | 5.25% | 08/01/32 (c) | 300,000 | 360,202 |
GO Refunding Bonds | 5.00% | 03/01/35 (b) | 245,000 | 276,072 |
GO Refunding Bonds | 3.00% | 10/01/36 (b) | 200,000 | 180,134 |
GO Refunding Bonds | 4.00% | 11/01/37 (b) | 150,000 | 152,917 |
GO Refunding Bonds | 5.00% | 09/01/41 (b) | 100,000 | 110,867 |
California Dept of Water Resources | ||||
Water System RB Series BB | 5.00% | 12/01/23 | 250,000 | 255,275 |
California Educational Facilities Auth | ||||
RB (Standford Univ) Series V2 | 2.25% | 04/01/51 (b) | 300,000 | 187,878 |
California Infrastructure & Economic Development Bank | ||||
RB (UCSF 2130 3rd St) Series 2017 | 5.00% | 05/15/42 (b) | 100,000 | 106,815 |
California Public Works Board | ||||
Lease RB Series 2021B | 4.00% | 05/01/46 (b) | 100,000 | 96,259 |
Lease RB Series 2021C | 5.00% | 11/01/46 (b) | 200,000 | 217,845 |
California State Univ | ||||
RB Series 2016A | 5.00% | 11/01/30 (b) | 200,000 | 216,061 |
Coast CCD | ||||
GO Bonds Series 2006B | 0.00% | 08/01/30 (c)(d) | 385,000 | 303,677 |
East Bay Municipal Utility District | ||||
Water System Refunding RB Series 2014B | 5.00% | 06/01/25 | 235,000 | 248,799 |
Foothill Eastern Transportation Corridor Agency | ||||
Sr Lien RB Series 1995A | 0.00% | 01/01/24 (a)(d) | 100,000 | 97,224 |
Golden State Tobacco Securitization Corp | ||||
Enhanced Tobacco Settlement Bonds Series 2013A | 5.00% | 06/01/30 (a)(b) | 250,000 | 252,180 |
Grossmont-Cuyamaca CCD | ||||
GO Bonds Series 2018B | 4.00% | 08/01/47 (b) | 130,000 | 125,676 |
Los Angeles | ||||
Sub Refunding RB Series 2018B | 5.00% | 06/01/25 | 215,000 | 227,676 |
Los Angeles Dept of Airports | ||||
Sr RB Series 2020D | 4.00% | 05/15/48 (b) | 200,000 | 195,858 |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2018B | 5.00% | 01/01/24 (b)(c) | 200,000 | 204,278 |
Power System RB Series 2019D | 5.00% | 07/01/44 (b) | 250,000 | 268,941 |
Water System RB Series 2020A | 5.00% | 07/01/50 (b) | 100,000 | 107,013 |
Water System Refunding RB Series 2022C | 5.00% | 07/01/41 (b) | 245,000 | 274,427 |
Los Angeles USD | ||||
GO Refunding Bonds Series 2014C | 5.00% | 07/01/25 (b) | 250,000 | 258,329 |
GO Refunding Bonds Series 2017A | 5.00% | 07/01/25 | 200,000 | 212,122 |
Oakland USD | ||||
GO Bonds Series 2021A | 4.00% | 08/01/46 (b)(c) | 195,000 | 189,144 |
Orange County Transportation Auth | ||||
BAN 2021 | 5.00% | 10/15/24 (a) | 210,000 | 218,280 |
Riverside County Public Finance Auth | ||||
Lease RB Series 2015 | 5.25% | 11/01/45 (a)(b) | 100,000 | 107,418 |
San Diego Assoc of Governments | ||||
Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (b) | 230,000 | 239,744 |
San Diego CCD | ||||
GO Refunding Bonds Series 2016 | 5.00% | 08/01/29 (a)(b) | 145,000 | 157,250 |
San Diego Cnty Regional Airport Auth | ||||
Sub Airport RB Series 2021A | 4.00% | 07/01/46 (b) | 115,000 | 107,192 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
San Diego Cnty Regional Transportation Commission | ||||
Sales Tax RB Series 2016A | 5.00% | 04/01/48 (b) | 200,000 | 209,031 |
San Diego Public Facilities Financing Auth | ||||
Water Sub RB Series 2018A | 5.00% | 08/01/43 (b) | 200,000 | 215,616 |
San Diego USD | ||||
GO Bonds Series 2016I | 0.00% | 07/01/36 (b)(d) | 175,000 | 101,827 |
GO Bonds Series 2020M2 | 4.00% | 07/01/50 (b) | 100,000 | 94,291 |
San Francisco Public Utilities Commission | ||||
Water RB Series 2020A | 5.00% | 11/01/50 (b) | 295,000 | 316,051 |
Water Refunding RB Series 2016A | 5.00% | 11/01/26 | 350,000 | 381,784 |
Water Refunding RB Series 2016A | 5.00% | 11/01/35 (b) | 100,000 | 107,061 |
Santa Monica CCD | ||||
GO Bonds Series 2018A | 4.00% | 08/01/47 (b) | 250,000 | 241,848 |
Southern California Metropolitan Water District | ||||
RB Series 2021A | 5.00% | 10/01/46 (b) | 100,000 | 110,429 |
Sub Water Refunding RB Series 2017A | 2.50% | 07/01/26 | 250,000 | 249,227 |
Twin Rivers USD | ||||
GO Bonds Series 2016 | 0.00% | 08/01/41 (b)(c)(d) | 390,000 | 166,908 |
Univ of California | ||||
Limited Project RB Series 2018O | 5.00% | 05/15/58 (b) | 245,000 | 257,747 |
RB Series 2018O | 4.00% | 05/15/48 (b) | 155,000 | 149,822 |
RB Series 2020 BE | 4.00% | 05/15/47 (b) | 250,000 | 244,145 |
11,852,191 | ||||
COLORADO 0.6% | ||||
Colorado | ||||
COP Series 2020A | 4.00% | 12/15/35 (b) | 150,000 | 154,065 |
Weld Cnty SD #RE2 | ||||
GO Bonds Series 2016 | 5.00% | 12/01/44 (b)(c) | 220,000 | 236,907 |
390,972 | ||||
CONNECTICUT 2.2% | ||||
Connecticut | ||||
GO Bonds Series 2016E | 3.00% | 10/15/32 (b) | 200,000 | 192,374 |
GO Bonds Series 2020A | 5.00% | 01/15/25 | 100,000 | 104,554 |
GO Bonds Series 2020A | 5.00% | 01/15/26 | 100,000 | 106,828 |
Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/24 | 200,000 | 205,825 |
Transportation RB Series 2016A | 4.00% | 09/01/35 (b) | 170,000 | 172,359 |
Transportation RB Series 2020A | 5.00% | 05/01/27 | 500,000 | 547,737 |
1,329,677 | ||||
DISTRICT OF COLUMBIA 1.8% | ||||
District of Columbia | ||||
GO Bonds Series 2019A | 5.00% | 10/15/44 (b) | 240,000 | 256,811 |
Income Tax Secured RB Series 2019A | 5.00% | 03/01/30 (b) | 220,000 | 252,303 |
Income Tax Secured RB Series 2019A | 4.00% | 03/01/44 (b) | 200,000 | 195,040 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Washington Metropolitan Transit Auth | ||||
RB Series 2020A | 5.00% | 07/15/45 (b) | 125,000 | 133,398 |
RB Series 2021A | 5.00% | 07/15/46 (b) | 280,000 | 300,279 |
1,137,831 | ||||
FLORIDA 2.1% | ||||
Central Florida Expressway Auth | ||||
Sr Lien Refunding RB Series 2017 | 5.00% | 07/01/42 (b) | 125,000 | 130,558 |
Florida State Board of Education | ||||
Lottery Refunding RB Series 2017A | 5.00% | 07/01/27 | 165,000 | 182,059 |
Public Education Refunding Bonds Series 2013A | 5.00% | 06/01/23 | 250,000 | 252,303 |
Fort Myers | ||||
Utility System Refunding RB Series 2019A | 4.00% | 10/01/44 (b) | 100,000 | 96,852 |
Fort Pierce Utilities Authority | ||||
Utilities Refunding RB Series 2022A | 4.00% | 10/01/52 (b) | 125,000 | 115,682 |
Hillsborough Cnty Aviation Auth | ||||
RB Series 2018F | 5.00% | 10/01/43 (b) | 115,000 | 120,913 |
Miami-Dade Cnty | ||||
RB Series 2017B | 5.00% | 10/01/33 (b) | 100,000 | 105,065 |
Refunding RB Series 2009A | 6.88% | 10/01/34 (b)(c) | 240,000 | 297,882 |
1,301,314 | ||||
GEORGIA 1.8% | ||||
Atlanta | ||||
Water & Wastewater Refunding RB Series 2018B | 5.00% | 11/01/43 (b) | 100,000 | 105,610 |
Fulton Cnty | ||||
Water & Sewerage RB Series 2020A | 2.25% | 01/01/43 (b) | 150,000 | 101,999 |
Georgia | ||||
GO Bonds Series 2017A | 5.00% | 02/01/31 (b) | 200,000 | 218,988 |
GO Bonds Series 2021A | 4.00% | 07/01/38 (b) | 200,000 | 205,527 |
Gwinnett Cnty SD | ||||
Sales Tax GO Bonds Series 2022B | 5.00% | 08/01/27 | 80,000 | 88,449 |
Metropolitan Atlanta Rapid Transit Auth | ||||
Sales Tax Refunding RB Series 2017C | 3.25% | 07/01/37 (b) | 100,000 | 91,096 |
Private Colleges & Universities Auth | ||||
RB (Emory Univ) Series 2020B | 5.00% | 09/01/25 | 250,000 | 265,742 |
1,077,411 | ||||
HAWAII 0.4% | ||||
Hawaii | ||||
GO Bonds Series 2017FK | 4.00% | 05/01/31 (b) | 250,000 | 261,236 |
ILLINOIS 4.7% | ||||
Chicago | ||||
GO Bonds Series 1999 | 0.00% | 01/01/33 (c)(d) | 400,000 | 259,772 |
Chicago O’Hare International Airport | ||||
O’Hare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/26 (b) | 150,000 | 156,675 |
Cook Cnty | ||||
Sales Tax RB Series 2021A | 4.00% | 11/15/41 (b) | 325,000 | 299,988 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Illinois | ||||
GO Bonds Series 2013 | 5.50% | 07/01/38 (b) | 110,000 | 110,258 |
GO Bonds Series 2014 | 5.25% | 02/01/29 (b) | 200,000 | 201,842 |
GO Bonds Series 2017C | 5.00% | 11/01/29 (b) | 400,000 | 409,957 |
GO Bonds Series 2017D | 5.00% | 11/01/25 | 95,000 | 97,407 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/25 | 150,000 | 153,104 |
Illinois Municipal Electric Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 02/01/34 (b) | 300,000 | 302,581 |
Illinois Toll Highway Auth | ||||
Sr RB Series 2020A | 5.00% | 01/01/45 (b) | 200,000 | 210,915 |
Toll Sr RB Series 2021A | 5.00% | 01/01/46 (b) | 250,000 | 264,469 |
Metropolitan Pier & Exposition Auth | ||||
RB Series 2002A | 0.00% | 06/15/34 (c)(d) | 325,000 | 195,398 |
Refunding Bonds (McCormick Place Expansion) Series 2020A | 5.00% | 06/15/50 (b) | 200,000 | 195,394 |
2,857,760 | ||||
INDIANA 0.7% | ||||
Indiana Finance Auth | ||||
Hospital RB (Community Health Network) Series 2012A | 5.00% | 05/01/42 (a)(b) | 100,000 | 100,661 |
State Revolving Fund Refunding Bonds Series 2015B | 5.00% | 02/01/24 | 90,000 | 92,114 |
Indianapolis Local Public Improvement Bond Bank | ||||
RB Series 1999E | 0.00% | 02/01/28 (c)(d) | 250,000 | 211,814 |
404,589 | ||||
IOWA 0.4% | ||||
Iowa Higher Education Loan Auth | ||||
RB (Grinnell College) Series 2017 | 5.00% | 12/01/46 (b) | 220,000 | 231,247 |
KANSAS 0.2% | ||||
Kansas Department of Transportation | ||||
Highway RB Series 2015B | 5.00% | 09/01/25 | 125,000 | 132,639 |
KENTUCKY 0.7% | ||||
Kentucky Municipal Power Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 09/01/39 (b)(c) | 100,000 | 95,871 |
Kentucky State Property & Buildings Commission | ||||
Refunding RB Series B | 5.00% | 11/01/25 | 215,000 | 226,901 |
Kentucky Turnpike Auth | ||||
Economic Development Road Refunding RB Series 2017B | 5.00% | 07/01/25 | 115,000 | 120,916 |
443,688 | ||||
LOUISIANA 0.4% | ||||
Louisiana Public Facilities Auth | ||||
Refunding RB (Tulane Univ) Series 2020A | 5.00% | 04/01/45 (b) | 250,000 | 259,839 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MARYLAND 3.1% | ||||
Maryland | ||||
GO Bonds 2nd Series 2017A | 5.00% | 08/01/27 | 265,000 | 292,865 |
ULT GO Bonds Series 2017 | 5.00% | 03/15/29 (b) | 200,000 | 219,317 |
ULT GO Bonds Series 2017B | 5.00% | 08/01/25 | 460,000 | 487,666 |
Maryland Dept of Transportation | ||||
Consolidated Bonds Series 2021A | 2.13% | 10/01/36 (b) | 190,000 | 148,664 |
RB Series 2018 | 5.00% | 10/01/26 | 125,000 | 135,884 |
Transportation Bonds Series 2018 | 5.00% | 10/01/28 (b) | 85,000 | 92,241 |
Maryland Transportation Auth | ||||
Transportation Facilities RB Series 2020 | 4.00% | 07/01/50 (b) | 250,000 | 234,106 |
Prince Georges Cnty | ||||
GO Bonds Series 2018A | 5.00% | 07/15/29 (b) | 245,000 | 275,641 |
1,886,384 | ||||
MASSACHUSETTS 4.7% | ||||
Massachusetts | ||||
GO Bonds Series 2020E | 5.00% | 11/01/50 (b) | 300,000 | 320,991 |
GO Bonds Series 2020D | 3.00% | 07/01/35 (b) | 200,000 | 183,992 |
GO Bonds Series 2020E | 5.00% | 11/01/45 (b) | 250,000 | 269,264 |
GO Bonds Series 2021A | 3.00% | 03/01/36 (b) | 250,000 | 227,191 |
GO Bonds Series 2021D | 5.00% | 09/01/50 (b) | 250,000 | 269,061 |
GO Refunding Bonds Series 2016C | 5.00% | 10/01/24 | 190,000 | 197,529 |
Massachusetts Bay Transportation Auth | ||||
RB Series 2021 | 4.00% | 05/01/25 | 220,000 | 226,906 |
Sr Sales Tax Bonds Series 2005A | 5.00% | 07/01/25 | 145,000 | 153,356 |
Massachusetts Development Finance Agency | ||||
RB (Emerson College) Series 2016A | 5.00% | 01/01/47 (b) | 200,000 | 200,041 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/26 | 275,000 | 297,672 |
Massachusetts School Building Auth | ||||
Sub Sales Tax Bonds Series 2018A | 5.25% | 02/15/48 (b) | 200,000 | 212,568 |
Massachusetts Transportation Fund | ||||
RB Series 2022B | 5.00% | 06/01/52 (b) | 300,000 | 324,438 |
2,883,009 | ||||
MICHIGAN 1.0% | ||||
Michigan Building Auth | ||||
Refunding RB Series 2015I | 5.00% | 04/15/33 (b) | 150,000 | 157,273 |
Michigan Finance Auth | ||||
RB (Public Lighting Auth) Series 2014B | 5.00% | 07/01/39 (b) | 200,000 | 200,466 |
Wayne Cnty Airport Auth | ||||
Airport RB Series 2021A | 5.00% | 12/01/46 (b) | 220,000 | 229,802 |
587,541 | ||||
MINNESOTA 0.2% | ||||
Minneapolis Metropolitan Council | ||||
ULT GO Series 2021C | 5.00% | 12/01/26 | 115,000 | 125,435 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
NEVADA 0.9% | ||||
Clark Cnty | ||||
GO Bonds Series 2018A | 5.00% | 06/01/43 (b) | 165,000 | 175,106 |
Clark Cnty SD | ||||
GO Refunding Bonds Series 2017A | 5.00% | 06/15/25 | 200,000 | 210,676 |
LT GO Refunding Bonds Series 2016D | 5.00% | 06/15/23 | 175,000 | 176,515 |
562,297 | ||||
NEW JERSEY 4.6% | ||||
Hudson Cnty Improvement Auth | ||||
Lease RB (Hudson Cnty Courthouse) Series 2020 | 4.00% | 10/01/51 (b) | 150,000 | 140,076 |
New Jersey | ||||
GO Bonds Series 2020A | 5.00% | 06/01/28 | 250,000 | 278,030 |
ULT GO Series 2020A | 5.00% | 06/01/29 | 250,000 | 282,692 |
New Jersey Economic Development Auth | ||||
RB Series 2016AAA | 5.00% | 06/15/41 (b) | 190,000 | 193,110 |
State Lease RB Series 2018A | 5.00% | 06/15/47 (b) | 250,000 | 252,675 |
New Jersey Transportation Trust Fund Auth | ||||
RB Series 2013AA | 5.00% | 06/15/36 (b) | 220,000 | 220,789 |
RB Series 2018A | 5.00% | 06/15/31 (b) | 225,000 | 236,333 |
RB Series 2021A | 5.00% | 06/15/31 | 100,000 | 110,751 |
Revenue Notes Series 2016A1 | 5.00% | 06/15/23 | 250,000 | 251,897 |
Transportation Bonds Series 2019BB | 5.00% | 06/15/50 (b) | 145,000 | 146,399 |
Transportation RB Series 2020AA | 4.00% | 06/15/50 (b) | 100,000 | 84,236 |
New Jersey Turnpike Auth | ||||
RB Series 2015E | 5.00% | 01/01/45 (b) | 150,000 | 152,961 |
Refunding RB Series 2005D3 | 5.25% | 01/01/26 (c) | 300,000 | 320,595 |
Turnpike RB Series 2019A | 4.00% | 01/01/48 (b) | 155,000 | 147,267 |
2,817,811 | ||||
NEW MEXICO 0.3% | ||||
New Mexico Finance Auth | ||||
RB Series 2018A | 5.00% | 06/15/24 | 155,000 | 159,795 |
NEW YORK 22.0% | ||||
Hudson Yards Infrastructure | ||||
2nd Indenture RB Fiscal 2017 Series A | 4.00% | 02/15/36 (b) | 290,000 | 291,766 |
Long Island Power Auth | ||||
Electric System RB Series 2016B | 5.00% | 09/01/41 (b) | 190,000 | 197,748 |
Electric System RB Series 2018 | 5.00% | 09/01/38 (b) | 120,000 | 128,278 |
Metropolitan Transportation Auth | ||||
Dedicated Tax Fund Refunding Bonds Series 2012A | 0.00% | 11/15/30 (d) | 150,000 | 111,749 |
RB Series 2012E | 4.00% | 11/15/38 (b) | 375,000 | 375,073 |
RB Series 2017B | 5.00% | 11/15/25 | 100,000 | 103,663 |
RB Series 2017D | 4.00% | 11/15/42 (b) | 300,000 | 260,490 |
RB Series 2020A1 | 4.00% | 11/15/52 (b) | 100,000 | 80,482 |
New York City | ||||
GO Bonds Fiscal 2014 Series D1 | 5.00% | 08/01/30 (b) | 200,000 | 202,064 |
GO Bonds Fiscal 2019 Series A | 5.00% | 08/01/26 | 160,000 | 173,062 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/30 | 500,000 | 576,185 |
GO Bonds Fiscal 2020 Series D1 | 4.00% | 03/01/50 (b) | 100,000 | 92,741 |
GO Bonds Fiscal 2021 Series F | 3.00% | 03/01/51 (b) | 200,000 | 151,672 |
ULT GO Series 2015F1 | 3.50% | 06/01/33 (b) | 185,000 | 186,483 |
ULT GO Series 2018F1 | 5.00% | 04/01/43 (b) | 125,000 | 131,588 |
New York City Municipal Water Finance Auth | ||||
Water & Sewer 2nd Resolution RB Fiscal 2017 Series CC1 | 4.00% | 06/15/46 (b) | 200,000 | 188,094 |
Water & Sewer 2nd Resolution RB Fiscal 2020 Series AA | 4.00% | 06/15/40 (b) | 500,000 | 485,563 |
Water & Sewer System 2nd Resolution RB Fiscal 2013 Series CC | 3.75% | 06/15/47 (b) | 100,000 | 89,002 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA1 | 5.00% | 06/15/29 | 300,000 | 343,255 |
Water & Sewer System RB Fiscal 2018 Series CC1 | 4.00% | 06/15/48 (b) | 150,000 | 139,728 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2015 Series S1 | 5.00% | 07/15/40 (b) | 200,000 | 204,920 |
Building Aid RB Fiscal 2016 Series S1 | 4.00% | 07/15/40 (b) | 100,000 | 96,863 |
Future Tax Secured Sub Bonds Fiscal 2015 Series B1 | 5.00% | 08/01/32 (b) | 175,000 | 180,390 |
Future Tax Secured Sub Bonds Fiscal 2016 Series E1 | 3.00% | 02/01/33 (b) | 235,000 | 226,934 |
Future Tax Secured Sub Bonds Fiscal 2021 Series C1 | 4.00% | 05/01/42 (b) | 100,000 | 95,315 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/27 | 100,000 | 110,759 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/29 | 250,000 | 286,576 |
Future Tax Secured Sub Bonds Fiscal 2022 Series A1 | 5.00% | 11/01/28 | 215,000 | 242,403 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B | 4.00% | 08/01/48 (b) | 150,000 | 137,978 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 3.00% | 08/01/48 (b) | 200,000 | 146,764 |
RB Fiscal 2018 Series S1 | 4.00% | 07/15/36 (b) | 150,000 | 150,811 |
RB Fiscal 2019 Series S2A | 5.00% | 07/15/35 (b)(c) | 175,000 | 189,580 |
RB Series C1 | 4.00% | 05/01/45 (b) | 285,000 | 266,597 |
New York Power Auth | ||||
RB Series 2020A | 4.00% | 11/15/50 (b) | 100,000 | 92,086 |
New York State Dormitory Auth | ||||
RB Series 2015A | 5.00% | 07/01/35 (b) | 200,000 | 209,404 |
RB Series 2019A | 4.00% | 07/01/44 (b) | 100,000 | 93,814 |
Refunding RB (Cornell Univ) Series 2020A | 4.00% | 07/01/50 (b) | 275,000 | 260,457 |
Sales Tax RB Series 2018E | 5.00% | 03/15/48 (b) | 250,000 | 261,931 |
State Personal Income Tax RB Series 2013A | 5.00% | 02/15/43 (a)(b) | 400,000 | 400,947 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/33 (b) | 200,000 | 213,358 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/36 (b) | 100,000 | 105,277 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/28 (b) | 310,000 | 340,685 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/30 | 200,000 | 230,361 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/48 (b) | 215,000 | 226,117 |
State Personal Income Tax RB Series 2020A | 4.00% | 03/15/36 (b) | 160,000 | 160,797 |
State Personal Income Tax Refunding RB Series 2016D | 5.00% | 02/15/28 (b) | 270,000 | 291,008 |
State Sales Tax RB Series 2018E | 5.00% | 03/15/41 (b) | 400,000 | 423,484 |
New York State Thruway Auth | ||||
Jr GO RB Series 2019B | 4.00% | 01/01/39 (b) | 175,000 | 169,445 |
Jr Obligation RB Series 2019B | 5.00% | 01/01/30 | 135,000 | 152,972 |
State Personal Income Tax RB Series 2021A1 | 5.00% | 03/15/35 (b) | 435,000 | 488,354 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/41 (b) | 250,000 | 239,318 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/30 | 200,000 | 230,252 |
New York State Urban Development Corp | ||||
State Personal Income Tax RB Series 2017A | 5.00% | 03/15/27 (a) | 155,000 | 169,521 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 200th Series | 5.25% | 10/15/57 (b) | 200,000 | 208,660 |
Sales Tax Asset Receivable Corp | ||||
RB Fiscal 2015 Series A | 5.00% | 10/15/31 (a)(b) | 390,000 | 405,170 |
Suffolk Cnty Water Auth | ||||
Water System Refunding RB Series 2015 | 3.00% | 06/01/32 (b) | 300,000 | 298,903 |
Triborough Bridge & Tunnel Auth | ||||
General RB Series 2022A | 5.00% | 11/15/47 (b) | 290,000 | 310,400 |
Sr Lien RB Series 2021C3 | 4.00% | 05/15/51 (b) | 225,000 | 206,476 |
Sub Refunding RB Series 2013A | 0.00% | 11/15/31 (d) | 555,000 | 396,028 |
Utility Debt Securitization Auth | ||||
Restructuring Bonds Series 2015 | 5.00% | 12/15/33 (b) | 250,000 | 265,574 |
13,495,375 | ||||
NORTH CAROLINA 1.4% | ||||
North Carolina | ||||
GO Refunding Bonds Series 2017A | 5.00% | 06/01/23 | 150,000 | 151,265 |
Refunding RB Series 2014B | 5.00% | 06/01/24 | 150,000 | 154,691 |
North Carolina Turnpike Auth | ||||
BAN 2020 | 5.00% | 02/01/24 | 250,000 | 254,671 |
RB Series 2019 | 0.00% | 01/01/41 (b)(d) | 195,000 | 86,923 |
Toll RB (Monroe Expressway) Series 2016A | 5.00% | 07/01/54 (b) | 200,000 | 198,610 |
846,160 | ||||
OHIO 0.8% | ||||
American Municipal Power Ohio | ||||
RB (Greenup Hydroelectric) Series 2016A | 5.00% | 02/15/41 (b) | 275,000 | 281,985 |
Ohio Higher Educational Facility Commission | ||||
Refunding RB (Case Western Reserve Univ) Series 2016 | 5.00% | 12/01/40 (b) | 200,000 | 209,481 |
491,466 | ||||
OKLAHOMA 0.3% | ||||
Canadian Cnty Educational Facilities Auth | ||||
Lease RB (Mustang Public Schools) Series 2017 | 3.00% | 09/01/29 (b) | 200,000 | 198,536 |
OREGON 1.9% | ||||
Beaverton SD #48J | ||||
GO Bonds Series 2014 | 5.00% | 06/15/28 (a)(b)(c) | 100,000 | 103,170 |
GO Bonds Series 2014B | 5.00% | 06/15/31 (a)(b)(c) | 250,000 | 257,924 |
GO Bonds Series 2022B | 5.00% | 06/15/52 (b)(c) | 250,000 | 273,948 |
Oregon Dept of Transportation | ||||
Highway Sub Lien Refunding RB Series 2019A | 5.00% | 11/15/36 (b) | 200,000 | 222,236 |
Highway Tax Sub Lien RB Series 2020A | 5.00% | 11/15/40 (b) | 290,000 | 319,549 |
1,176,827 | ||||
PENNSYLVANIA 3.2% | ||||
Delaware River Port Auth | ||||
RB Series 2013 | 5.00% | 01/01/31 (a)(b) | 120,000 | 122,423 |
Refunding RB Series 2018B | 5.00% | 01/01/23 | 200,000 | 200,000 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Pennsylvania | ||||
GO Bonds 2nd Series 2016 | 3.00% | 09/15/36 (b) | 125,000 | 111,517 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/26 | 120,000 | 127,916 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/27 | 300,000 | 325,399 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2021A | 5.00% | 12/01/46 (b) | 125,000 | 132,365 |
Sub RB Series 2021B | 5.00% | 12/01/46 (b) | 200,000 | 211,023 |
Sub Refunding RB 3rd Series 2016A | 5.00% | 12/01/30 (b) | 125,000 | 132,687 |
Philadelphia | ||||
Gas RB 16th Series A | 5.00% | 08/01/50 (b)(c) | 95,000 | 100,447 |
Philadelphia IDA | ||||
RB (Thomas Jefferson Univ) Series 2017A | 5.00% | 09/01/47 (b) | 200,000 | 200,626 |
Philadelphia SD | ||||
GO Bonds Series 2018B | 4.00% | 09/01/43 (b)(c) | 195,000 | 184,805 |
GO Refunding Bonds Series 2016F | 5.00% | 09/01/28 (b)(c) | 110,000 | 117,195 |
1,966,403 | ||||
SOUTH CAROLINA 0.7% | ||||
South Carolina Public Service Auth | ||||
Refunding RB Series 2016A | 5.00% | 12/01/29 (b) | 85,000 | 89,442 |
Refunding RB Series 2022A | 4.00% | 12/01/52 (b) | 250,000 | 213,051 |
South Carolina Transportation Infrastructure Bank | ||||
Refunding RB Series 2021B | 5.00% | 10/01/25 | 105,000 | 111,485 |
413,978 | ||||
TENNESSEE 0.7% | ||||
Metro Government of Nashville & Davidson Cnty | ||||
GO Bonds Series 2021C | 3.00% | 01/01/34 (b) | 125,000 | 117,978 |
RB Series 2013 | 4.00% | 07/01/43 (a)(b) | 300,000 | 301,609 |
419,587 | ||||
TEXAS 9.5% | ||||
Bexar Cnty | ||||
Tax Refunding Bonds Series 2017 | 5.00% | 06/15/43 (a)(b) | 150,000 | 161,884 |
Dallas Area Rapid Transit | ||||
Sr Lien Sales Tax Refunding RB Series 2007 | 5.25% | 12/01/30 (b)(c) | 315,000 | 371,876 |
Sr Lien Sales Tax Refunding RB Series 2021B | 4.00% | 12/01/51 (b) | 275,000 | 258,489 |
Dallas-Fort Worth International Airport | ||||
Jt Refunding RB Series 2020A | 5.00% | 11/01/24 | 200,000 | 207,621 |
Refunding RB Series 2020A | 5.00% | 11/01/27 | 150,000 | 165,065 |
El Paso | ||||
Water & Sewer Refunding RB Series 2022A | 4.00% | 03/01/44 (b) | 200,000 | 190,976 |
Grand Parkway Transportation Corp | ||||
1st Tier Refunding RB Series 2020C | 4.00% | 10/01/45 (b) | 250,000 | 227,706 |
Hidalgo Cnty | ||||
GO Bonds Series 2018A | 4.00% | 08/15/43 (b) | 200,000 | 194,914 |
Houston | ||||
Utility System 1st Lien Refunding RB Series 2014C | 5.00% | 05/15/24 | 270,000 | 278,190 |
Utility System 1st Lien Refunding RB Series 2019B | 5.00% | 11/15/49 (b) | 100,000 | 105,843 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Leander ISD | ||||
ULT GO Refunding Bonds Series 2016A | 0.00% | 08/16/42 (b)(c)(d) | 350,000 | 148,436 |
North Texas Tollway Auth | ||||
1st Tier Refunding RB Series 2016A | 5.00% | 01/01/27 (b) | 275,000 | 280,336 |
1st Tier System Revenue & Refunding Bonds Series 2017A | 5.00% | 01/01/43 (b) | 145,000 | 150,784 |
Refunding RB Series 2008I | 6.50% | 01/01/43 (a)(b) | 295,000 | 315,805 |
Refunding RB Series 2014B | 5.00% | 01/01/31 (b) | 230,000 | 233,920 |
Refunding RB Series 2015A | 4.00% | 01/01/38 (b) | 150,000 | 148,760 |
San Antonio | ||||
Electric & Gas System Refunding RB Series 2020 | 5.00% | 02/01/49 (b) | 125,000 | 131,479 |
Electric & Gas Systems Refunding RB Series 2012 | 5.25% | 02/01/25 (b) | 295,000 | 309,971 |
Texas | ||||
GO Refunding Bonds Series 2014 | 5.00% | 10/01/26 (a)(b) | 150,000 | 154,035 |
GO Refunding Bonds Series 2014 | 5.00% | 10/01/28 (a)(b) | 150,000 | 154,035 |
GO Refunding Bonds Series 2014A | 5.00% | 10/01/44 (a)(b) | 420,000 | 436,351 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/33 (b) | 100,000 | 109,296 |
Texas Transportation Commission | ||||
State Highway Fund 1st Tier Refunding RB Series 2015 | 5.00% | 10/01/24 | 160,000 | 166,479 |
Texas Water Dev Brd | ||||
State Water Fund RB Series 2018A | 5.00% | 10/15/43 (b) | 100,000 | 105,844 |
State Water Implementation Fund RB Series 2019A | 4.00% | 10/15/49 (b) | 250,000 | 239,020 |
Trinity River Auth | ||||
Refunding RB Series 2020 | 3.00% | 08/01/31 (b) | 115,000 | 114,719 |
Univ of Texas | ||||
Financing System RB Series 2020A | 5.00% | 08/15/30 | 150,000 | 174,862 |
Ysleta ISD | ||||
ULT GO Bonds Series 2020 | 4.00% | 08/15/50 (b)(c) | 300,000 | 283,203 |
5,819,899 | ||||
VIRGINIA 1.0% | ||||
Chesapeake Bay Bridge & Tunnel District | ||||
1st Tier RB Series 2016 | 5.00% | 07/01/46 (b) | 150,000 | 150,429 |
Univ of Virginia | ||||
General RB Series 2019B | 5.00% | 09/01/49 (b) | 250,000 | 272,141 |
Virginia College Building Auth | ||||
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/29 (b) | 200,000 | 221,610 |
644,180 | ||||
WASHINGTON 3.7% | ||||
Central Puget Sound Regional Transit Auth | ||||
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/27 | 130,000 | 143,986 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/36 (b) | 250,000 | 284,549 |
Energy Northwest | ||||
Electric Refunding RB Series 2018B | 5.00% | 07/01/23 | 330,000 | 333,304 |
Electric Refunding RB Series 2021A | 4.00% | 07/01/42 (b) | 100,000 | 96,091 |
King Cnty | ||||
GO Refunding Bonds Series 2021A | 4.00% | 01/01/27 | 330,000 | 346,820 |
Northshore SD #417 | ||||
ULT GO Refunding Bonds Series 2022 | 5.00% | 12/01/39 (b)(c) | 110,000 | 123,726 |
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Washington | ||||
GO Bonds Series 2020C | 5.00% | 02/01/40 (b) | 160,000 | 173,299 |
GO Bonds Series 2023A | 5.00% | 08/01/47 (b) | 200,000 | 217,197 |
GO Refunding Bonds Series R2013C | 4.00% | 07/01/26 (b) | 400,000 | 402,828 |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/30 (b) | 40,000 | 43,646 |
Motor Vehicle Fuel Tax GO Refunding Bonds Series R2022D | 4.00% | 07/01/28 | 130,000 | 139,229 |
2,304,675 | ||||
WEST VIRGINIA 0.3% | ||||
W Virginia Parkway Auth | ||||
Sr Lien RB Series 2021 | 5.00% | 06/01/47 (b) | 190,000 | 200,886 |
Total Municipal Securities (Cost $59,520,205) | 60,382,711 | |||
Total Investments in Securities (Cost $59,520,205) | 60,382,711 |
(a) | Refunded bond. |
(b) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(c) | Credit-enhanced or liquidity-enhanced. |
(d) | Zero coupon bond. |
BAN — | Bond anticipation note |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
IDA — | Industrial development agency/authority |
ISD — | Independent school district |
LT — | Limited tax |
RB — | Revenue bond |
SD — | School district |
ULT — | Unlimited tax |
USD — | Unified school district |
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $60,382,711 | $— | $60,382,711 |
Total | $— | $60,382,711 | $— | $60,382,711 |
1 | As categorized in the Portfolio Holdings. |
Assets | ||
Investments in securities, at value - unaffiliated (cost $59,520,205) | $60,382,711 | |
Cash | 242,417 | |
Receivables: | ||
Interest | 754,236 | |
Investments sold | + | 269,247 |
Total assets | 61,648,611 | |
Liabilities | ||
Payables: | ||
Investments bought | 260,649 | |
Management fees | + | 1,409 |
Total liabilities | 262,058 | |
Net assets | $61,386,553 | |
Net Assets by Source | ||
Capital received from investors | $60,512,032 | |
Total distributable earnings | + | 874,521 |
Net assets | $61,386,553 |
Net Asset Value (NAV) | ||||
Net Assets | ÷ | Shares Outstanding | = | NAV |
$61,386,553 | 1,200,000 | $51.16 | ||
For the period October 12, 2022* through December 31, 2022 | ||
Investment Income | ||
Interest received from securities - unaffiliated | $329,133 | |
Expenses | ||
Management fees | 2,798 | |
Total expenses | – | 2,798 |
Net investment income | 326,335 | |
REALIZED AND UNREALIZED GAINS (LOSSES) | ||
Net realized losses on sales of securities - unaffiliated | (19,675) | |
Net change in unrealized appreciation (depreciation) on securities - unaffiliated | + | 862,506 |
Net realized and unrealized gains | 842,831 | |
Increase in net assets resulting from operations | $1,169,166 |
* | Commencement of operations. |
OPERATIONS | ||
10/12/22*-12/31/22 | ||
Net investment income | $326,335 | |
Net realized losses | (19,675) | |
Net change in unrealized appreciation (depreciation) | + | 862,506 |
Increase in net assets resulting from operations | $1,169,166 | |
DISTRIBUTIONS TO SHAREHOLDERS | ||
Total distributions | ($294,645) |
TRANSACTIONS IN FUND SHARES | |||
10/12/22*-12/31/22 | |||
SHARES | VALUE | ||
Shares sold | 1,200,000 | $60,454,448 | |
Other capital | — | 57,584 | |
Net transactions in fund shares | 1,200,000 | $60,512,032 | |
SHARES OUTSTANDING AND NET ASSETS | |||
10/12/22*-12/31/22 | |||
SHARES | NET ASSETS | ||
Beginning of period | — | $— | |
Total increase | + | 1,200,000 | 61,386,553 |
End of period | 1,200,000 | $61,386,553 |
* | Commencement of operations. |
SCHWAB STRATEGIC TRUST (ORGANIZED JANUARY 27, 2009) | |
Schwab Municipal Bond ETF | Schwab Short-Term U.S. Treasury ETF |
Schwab U.S. Broad Market ETF | Schwab Intermediate-Term U.S. Treasury ETF |
Schwab 1000 Index® ETF | Schwab Long-Term U.S. Treasury ETF |
Schwab U.S. Large-Cap ETF | Schwab U.S. Aggregate Bond ETF |
Schwab U.S. Large-Cap Growth ETF | Schwab 1-5 Year Corporate Bond ETF |
Schwab U.S. Large-Cap Value ETF | Schwab 5-10 Year Corporate Bond ETF |
Schwab U.S. Mid-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF |
Schwab U.S. Small-Cap ETF | Schwab Fundamental U.S. Large Company Index ETF |
Schwab U.S. Dividend Equity ETF | Schwab Fundamental U.S. Small Company Index ETF |
Schwab International Dividend Equity ETF | Schwab Fundamental International Large Company Index ETF |
Schwab International Equity ETF | Schwab Fundamental International Small Company Index ETF |
Schwab International Small-Cap Equity ETF | Schwab Fundamental Emerging Markets Large Company Index ETF |
Schwab Emerging Markets Equity ETF | Schwab Ariel ESG ETF |
Schwab U.S. REIT ETF | Schwab Crypto Thematic ETF |
Schwab U.S. TIPS ETF |
2. Significant Accounting Policies:
3. Risk Factors:
4. Affiliates and Affiliated Transactions:
5. Other Service Providers:
6. Board of Trustees:
7. Borrowing from Banks:
8. Purchases and Sales/Maturities of Investment Securities:
PURCHASES OF SECURITIES | SALES OF SECURITIES |
$34,655,873 | $6,192,172 |
9. In-Kind Transactions:
IN-KIND PURCHASES OF SECURITIES | IN-KIND SALES OF SECURITIES |
$31,140,846 | $0 |
10. Federal Income Taxes:
TAX COST | GROSS UNREALIZED APPRECIATION | GROSS UNREALIZED DEPRECIATION | NET UNREALIZED APPRECIATION (DEPRECIATION) |
$59,512,867 | $1,026,524 | ($156,680) | $869,844 |
UNDISTRIBUTED TAX-EXEMPT INCOME | NET UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS | CAPITAL LOSS CARRYFORWARDS AND OTHER LOSSES | TOTAL |
$24,279 | $869,844 | ($19,602) | $874,521 |
CURRENT FISCAL YEAR END DISTRIBUTIONS | ||
TAX-EXEMPT INCOME | ORDINARY INCOME | |
$294,373 | $272 |
11. Subsequent Events:
Denver, Colorado
February 16, 2023
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 |
Michael J. Beer 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 2022) | Retired. Director, President and Chief Executive Officer (Dec. 2016 – Sept. 2019), Principal Funds (investment management). | 105 | Director (2016 – 2019), Principal Funds, Inc. |
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. | 105 | 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. | 105 | 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. | 105 | 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). | 105 | None |
Independent Trustees (continued) | |||
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served1) | Principal Occupations During the Past Five Years | Number of Portfolios in Fund Complex Overseen by the Trustee | Other Directorships |
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). | 105 | 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). | 105 | 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. | 105 | Director (2008 – present), The Charles Schwab Corporation |
Richard A. Wurster2 1973 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) | President (Oct. 2021 – present) and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019 – Oct. 2021), The Charles Schwab Corporation; President, Director (Oct. 2021 – present), Executive Vice President – Schwab Asset Management Solutions (July 2019 – Oct. 2021) and Senior Vice President – Advisory (May 2016 – July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021 – present), Schwab Holdings, Inc.; Director (Oct. 2021 – present) and Chief Executive Officer (Nov. 2019 – Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018 – Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016 – Apr. 2018) and President (Mar. 2017 – Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016 – Apr. 2018), Windhaven Investment Management, Inc. | 105 | 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; 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 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) | Chief Operating Officer (Dec. 2020 – present) and Treasurer and Chief Financial Officer (Jan. 2016 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Chief Financial Officer (Mar. 2020 – present) and Vice President (Oct. 2013 – present), Charles Schwab Investment Management, Inc. |
Dana Smith 1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) | Treasurer and Chief Financial Officer (Jan. 2023 – present) and Assistant Treasurer (Dec. 2015 – Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Vice President (Mar. 2022 – present) and Director (Oct. 2015 – Mar. 2022), Charles Schwab Investment Management, Inc. |
Officers of the Trust (continued) | |
Name, Year of Birth, and Position(s) with the trust (Terms of office, and length of Time Served3) | Principal Occupations During the Past Five Years |
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.; Director, Chief Executive Officer and President (Oct. 2022 – present), Charles Schwab Investment Advisory, 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. |
Schwab ETFs
Index ETF
Printed on recycled paper.
Item 2: | Code of Ethics. |
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party. |
(c) | During the period covered by the report, no amendments were made to the provisions of this code of ethics. |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. |
(f)(1) | Registrant has filed this code of ethics as an exhibit pursuant to Item 13(a)(1) of Form N-CSR. |
Item 3: | Audit Committee Financial Expert. |
Registrant’s Board of Trustees has determined that Kimberly S. Patmore and J. Derek Penn, each currently serving on its audit, compliance and valuation committee, are each an “audit committee financial expert,” as such term is defined in Item 3 of Form N-CSR. Each member of Registrant’s audit, compliance and valuation committee is “independent” under the standards set forth in Item 3 of Form N-CSR.
The designation of each of Ms. Patmore and Mr. Penn as an “audit committee financial expert” pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant’s audit, compliance and valuation committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant’s audit, compliance and valuation committee or Board of Trustees.
Item 4: Principal Accountant Fees and Services.
Registrant is composed of twenty-nine operational series. Eight series have a fiscal year-end of December 31, whose annual financial statements are reported in Item 1, seven series have a fiscal year-end of the last day of February, two series have a fiscal year end of March 31, and twelve series have a fiscal year-end of August 31. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the twenty-nine operational series during 2022/2023 and the twenty-seven operational series during 2021/2022, based on their respective 2022/2023 and 2021/2022 fiscal years, as applicable.
The following table presents fees billed by the principal accountant in each of the last two fiscal years for the services rendered to the funds:
(a)Audit Fees1 | (b)Audit-Related Fees | (c) Tax Fees2 | (d) All Other Fees | |||||||||||||||||||||||||||
Fiscal Year 2022/2023 | Fiscal Year 2021/2022 | Fiscal Year 2022/2023 | Fiscal Year 2021/2022 | Fiscal Year 2022/2023 | Fiscal Year 2021/2022 | Fiscal Year 2022/2023 | Fiscal Year 2021/2022 | |||||||||||||||||||||||
$ | 505,650 | $ | 468,400 | $ | 0 | $ | 0 | $ | 89,900 | $ | 83,700 | $ | 0 | $ | 0 |
1 | The nature of the services includes audit of the registrant’s annual financial statements and normally provided services in connection with regulatory filings for those fiscal years. |
2 | The nature of the services includes tax compliance, tax advice and tax planning. |
(e) (1) | Registrant’s audit, compliance and valuation committee does not have pre-approval policies and procedures as described in paragraph (c)(7) of Rule 2-01 of Regulation S-X. |
(2) | There were no services described in each of paragraphs (b) through (d) above that were approved by Registrant’s audit, compliance and valuation committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
(f) Not applicable.
(g) Below are the aggregate non-audit fees billed in each of the last two fiscal years by Registrant’s principal accountant for services rendered to Registrant, to Registrant’s investment adviser, and to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant.
2022: $3,031,117 2021: $3,088,431
(h) During the past fiscal year, all non-audit services provided by Registrant’s principal accountant to either Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit, compliance and valuation committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.
(i) Not applicable.
(j) Not applicable.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in Rule 10A-3 under the Exchange Act and has separately-designated standing audit, compliance and valuation committee established in accordance with Section 3(a)58)(A) of the Exchange Act. The Registrant’s audit, compliance and valuation committee members are Kimberly S. Patmore and J. Derek Penn.
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, Dana Smith, 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) |
(2) |
(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 and Schwab Municipal Bond ETF
By: | /s/ Jonathan de St. Paer | |
Jonathan de St. Paer Chief Executive Officer |
Date: February 16, 2023
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: February 16, 2023
By: | /s/ Dana Smith | |
Dana Smith Chief Financial Officer |
Date: February 16, 2023